Financial Performance - Revenue for the fiscal year 2025 was approximately HKD 37.5 million, a decrease of about 1.6 million or 4.0% from HKD 40.1 million in 2024[35]. - Gross profit decreased by approximately HKD 4.8 million or 25.2% to HKD 14.4 million in 2025, with a gross margin of 38.4% compared to 48.0% in 2024[39]. - The company recorded a net loss of approximately HKD 12.0 million in 2025, compared to a net loss of about HKD 7.3 million in 2024, primarily due to decreased revenue and gross profit[45]. - The total asset return rate for 2025 was approximately -15.8%, compared to -10.2% in 2024[48]. - The equity return rate for 2025 was approximately -31.5%, compared to -14.5% in 2024[49]. - The liquidity ratio for 2025 was 2.3 times, down from 3.5 times in 2024, reflecting a decrease in cash reserves[51]. - As of September 30, 2025, the group's cash and cash equivalents amounted to approximately HKD 30.4 million, a decrease from HKD 60.2 million in 2024, with no bank borrowings[55]. - Current assets as of September 30, 2025, were approximately HKD 62.1 million, down from HKD 71.5 million in 2024, while current liabilities increased to approximately HKD 27.3 million from HKD 20.3 million in 2024, resulting in a current ratio of 2.3 times compared to 3.5 times in 2024[55]. - The total employee cost for the year was approximately HKD 23.2 million, an increase from HKD 22.9 million in 2024, with 59 employees as of September 30, 2025, compared to 58 in 2024[61]. - The company has a distributable reserve of approximately HKD 26.3 million as of September 30, 2025[103]. Business Expansion and Strategy - The company is expanding its business into event management and insurance sectors, leveraging the stable cash flow from its core financial printing business[23]. - The company aims to enhance service levels and deepen customer relationships in both existing and emerging business areas[24]. - The company has expanded its main business to include entertainment program production and event planning services, in addition to financial printing services[84]. - The company has entered into a cooperation agreement with Macau Star Entertainment, with a total payment of approximately HKD 1,165,000 for managing an event[92]. - The FIBA cooperation agreement with Macau Star involves a budget limit of HKD 4 million for related expenses associated with the FIBA 3x3 World Tour event in Macau[134]. Customer and Supplier Relationships - The top five customers accounted for approximately 22.3% and 14.6% of total revenue in 2024 and 2025, respectively, indicating no excessive reliance on any major customer[31]. - The top five customers accounted for approximately 14.6% of the total revenue for the year, down from 22.3% in 2024, with the largest customer contributing about 4.6% of total revenue[141]. - The top five suppliers represented around 30.8% of the total service costs for the year, an increase from 27.3% in 2024, with the largest supplier accounting for approximately 12.1% of total service costs[141]. - The company has established stable relationships with major suppliers, expecting no procurement difficulties or production interruptions[90]. Governance and Compliance - The company complies with multiple Hong Kong laws and regulations, ensuring operational adherence to applicable legal requirements[87]. - The company has adopted a share option scheme as a reward for eligible participants[153]. - The company has complied with all applicable corporate governance codes as per GEM listing rules during the year[157]. - The board consists of six directors, with independent non-executive directors making up 50% of the board[169]. - The company has established a board committee to delegate certain responsibilities, enhancing governance and oversight[166]. - The Audit Committee consists entirely of independent non-executive directors, ensuring objectivity in financial oversight[184]. - The company is committed to maintaining effective risk management and internal control systems[187]. - The board has adopted a diversity policy and discussed measurable targets for its implementation[178]. Shareholder Information - The company decided not to recommend a final dividend for the fiscal year 2025, consistent with 2024[50]. - The company did not declare a final dividend for the year[97]. - The public shareholding ratio was restored to 25% on December 6, 2024, after the sale of 2,670,000 shares by the controlling shareholder[155]. - On October 8, 2024, Achiever Choice Limited sold 560,000,000 shares, representing 56.0% of the company's issued share capital, making the buyer the new controlling shareholder[91]. Management and Employee Relations - The company has a well-experienced management team and emphasizes employee training and team-building activities[89]. - Directors received formal training upon appointment to understand their responsibilities under various regulations and company policies[172]. - The company encourages directors to participate in training courses to enhance their professional development[172]. - The Compensation Committee held one meeting during the year to determine the compensation for the company's directors and senior management, and to review the annual performance bonuses for directors and senior management[192]. Environmental and Social Responsibility - The company is committed to environmental sustainability and has implemented various policies to conserve resources, save energy, and reduce waste[86]. - The company did not make any charitable donations during the year, compared to HKD 10,000 in 2024[154].
钜京控股(08450) - 2025 - 年度业绩