Financial Performance - For the fiscal year ending September 30, 2025, the total revenue was HKD 467,145,000, a decrease of 36.6% compared to HKD 736,676,000 in the previous year[3] - The cost of sales for the same period was HKD 452,502,000, resulting in a gross profit of HKD 14,643,000, which is an increase of 9.4% from HKD 13,382,000 in the prior year[3] - The total comprehensive loss for the year was HKD 18,797,000, compared to a loss of HKD 16,764,000 in the previous year, indicating a worsening of 12.1%[3] - Basic and diluted loss per share for the year was HKD 2.69, compared to HKD 0.95 in the previous year, reflecting an increase in loss per share of 182.1%[3] - The company reported a pre-tax loss of HKD 19,509,000 for the year ending September 30, 2025, compared to a pre-tax loss of HKD 16,173,000 in 2024, reflecting a worsening financial performance[16] - The company reported a pre-tax loss of HKD 17,938,000 for 2025, compared to a loss of HKD 6,313,000 in 2024, indicating a significant increase in losses[23] Assets and Liabilities - Non-current assets decreased to HKD 6,913,000 from HKD 8,685,000, a decline of 20.4%[4] - Current assets decreased to HKD 273,694,000 from HKD 329,007,000, a reduction of 16.8%[4] - Total liabilities decreased to HKD 45,655,000 from HKD 62,193,000, a decrease of 26.6%[4] - The net asset value decreased to HKD 234,897,000 from HKD 273,313,000, a decline of 14.0%[5] - The total assets of the company as of September 30, 2025, included HKD 2,018,000,000 in property, plant, and equipment, down from HKD 957,000,000 in 2024[19] - The company’s total liabilities related to contract liabilities decreased to HKD 9,970,000 in 2025 from HKD 26,719,000 in 2024, a reduction of 62.7%[26] Revenue Sources - Service revenue for electrical and maintenance engineering services decreased to HKD 467,145,000 in 2025 from HKD 736,676,000 in 2024, representing a decline of approximately 36.6%[12] - Major customer A contributed HKD 374,594,000 to total revenue in 2025, down from HKD 483,522,000 in 2024, while customer B's contribution fell to HKD 65,842,000 from HKD 155,739,000[20] - The company recognized a net loss of HKD 324,000 from other income and losses in 2025, compared to a net gain of HKD 7,000,000 in 2024, indicating a significant decline in other income sources[20] - Other income for the fiscal year 2025 was approximately HKD 1.9 million, a decrease of about HKD 1.6 million primarily due to reduced bank interest income[32] Operational Costs - The company’s administrative expenses increased to HKD 7,823,000 in 2025 from HKD 9,362,000 in 2024, indicating a rise in operational costs despite lower revenues[16] - Administrative expenses decreased by approximately HKD 4.4 million or 11.1% in fiscal year 2025, mainly due to reductions in share-based payment expenses and legal fees[34] - The company’s employee costs decreased to HKD 275,731,000 in 2025 from HKD 368,104,000 in 2024, a decrease of approximately 25.0%[21] Contracts and Future Obligations - The remaining performance obligations for electrical and maintenance engineering services contracts as of September 30, 2025, total HKD 1,982,296,000, compared to HKD 715,495,000 in 2024, indicating a significant increase[14] - Contract assets from engineering service contracts increased to HKD 133,093,000 in 2025, up from HKD 60,369,000 in 2024, representing a growth of 120.5%[26] - The company secured long-term contracts totaling over HKD 1.9 billion, contributing to stable future income[40] Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.03 per share for 2025, totaling HKD 20,004,000, while no dividend was declared for 2024[23] - The company has decided not to recommend any final dividend for the fiscal year ending September 30, 2025, with a mid-term dividend of HKD 0.03 per share totaling approximately HKD 20,004,000 for the period ending March 31, 2025[54] Compliance and Governance - The audit committee has reviewed the consolidated financial statements for the fiscal year 2025, including the accounting principles and practices adopted by the group[52] - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance for the fiscal year 2025[51] - There have been no significant events requiring disclosure from September 30, 2025, to the date of this announcement[53] - Deloitte has confirmed that the figures in the preliminary announcement align with the audited consolidated financial statements approved by the board on December 30, 2025[56] - The annual report for the fiscal year 2025 will be distributed to shareholders and published on the company's website at an appropriate time[57] Employee Information - Employee count as of September 30, 2025, included 84 long-term employees and 547 short-term employees, reflecting a reduction in short-term staff from 1,022 in the previous year[41]
高丰集团控股(02863) - 2025 - 年度业绩