Financial Performance - For the fiscal year ending September 30, 2025, the group's revenue was approximately HKD 835,153,000, representing a growth of about 13.4% compared to HKD 736,338,000 for the previous year[12]. - The group's net profit for the fiscal year ending September 30, 2025, was approximately HKD 122,193,000, an increase of about 21.7% from HKD 100,411,000 in the prior year[12]. - The cost of sales for the fiscal year ending September 30, 2025, was approximately HKD 518,319,000, which increased by about 12.9% compared to HKD 458,898,000 in the previous year[18]. - The group's gross profit for the fiscal year ending September 30, 2025, was approximately HKD 316,834,000, reflecting a growth of about 14.2% from HKD 277,440,000 in the prior year[20]. - Other income for the fiscal year ending September 30, 2025, was approximately HKD 10,436,000, a decrease of about 18.2% compared to HKD 12,758,000 for the previous year[22]. - The net other gains and losses for the fiscal year ending September 30, 2025, recorded a net gain of approximately HKD 5,714,000, compared to a net loss of approximately HKD 4,777,000 in the previous year[24]. - Administrative expenses increased by approximately 19.9%, reaching about HKD 124,336,000 for the fiscal year ending September 30, 2025, compared to HKD 103,667,000 in the previous year[29]. - Income tax expenses rose by approximately 25.3%, totaling about HKD 26,824,000 for the fiscal year ending September 30, 2025, up from HKD 21,405,000[30]. - Profit attributable to owners of the company increased by approximately 21.7%, amounting to about HKD 122,193,000 for the fiscal year ending September 30, 2025, compared to HKD 100,411,000[31]. Dividends - The total proposed final dividend for the fiscal year ending September 30, 2025, is HKD 0.205 per share, compared to HKD 0.180 per share for the previous year[13]. - The board has proposed a final dividend of HKD 0.103 per ordinary share for the year ended September 30, 2025, down from HKD 0.108 per share for the previous year[97]. - The total dividend for the year ended September 30, 2025, will be HKD 0.205 per ordinary share, compared to HKD 0.180 per share for the year ended September 30, 2024[97]. Assets and Liabilities - Non-current assets increased to approximately HKD 221,686,000 as of September 30, 2025, from HKD 176,357,000 in the previous year[32]. - Current assets decreased to approximately HKD 624,460,000 as of September 30, 2025, down from HKD 643,072,000[42]. - Trade receivables, notes receivable, and other receivables amounted to approximately HKD 233,111,000 as of September 30, 2025, compared to HKD 218,323,000 in the previous year[44]. - Cash and cash equivalents decreased to approximately HKD 296,029,000 as of September 30, 2025, from HKD 321,885,000[50]. - As of September 30, 2025, the group's non-current liabilities amounted to approximately HKD 11,519,000, compared to HKD 10,734,000 as of September 30, 2024, reflecting an increase[51]. - Current liabilities decreased to approximately HKD 206,359,000 as of September 30, 2025, from HKD 225,132,000 as of September 30, 2024[56]. Cash Flow - Operating cash flow for the year ended September 30, 2025, was approximately HKD 138,256,000, driven by an operating profit of approximately HKD 172,984,000[65]. - The group reported a net cash outflow from investing activities of approximately HKD 76,313,000, mainly due to capital expenditures[68]. Market and Industry Outlook - The increase in revenue was primarily driven by continued growth in footwear consumption in the Asia-Pacific region, contributing to revenue increases across all geographical areas[17]. - The footwear manufacturing industry in Asia is expected to maintain its market leadership, driven by strong consumer demand for athletic and casual shoes[76]. - Innovations in automated adhesive solutions for footwear manufacturing are creating new demand for specialized adhesives, particularly in China and Vietnam[72]. - The company has diversified its production bases in Southeast Asia, with manufacturing facilities in China, Vietnam, and Indonesia, to better meet the growing demand in the region[77]. Corporate Governance - The board consists of seven directors, ensuring a diverse range of skills and experiences to guide the company[100]. - The company is committed to adhering to stricter governance standards as it transitions to dual primary listing on the Singapore Exchange[98]. - The board has established a code of conduct and ethical standards to maintain high governance standards and accountability[100]. - The company has established specific committees, including the remuneration committee, nomination committee, and audit committee, to oversee corporate governance functions[103]. - The company will disclose matters requiring board approval in its annual report, including significant acquisitions and investments[102]. - The company has a nomination policy and a board diversity policy in place to guide the appointment and re-election of directors[102]. - The board's performance will be evaluated, and recommendations will be made for training and professional development[101]. Risk Management - The board is responsible for risk management and ensuring that management maintains a sound risk management and internal control system to protect the interests of the company and its shareholders[125]. - The company has engaged independent professional advisors to review its risk management and internal control systems, with findings evaluated annually by the board and management[126]. - The audit committee is tasked with maintaining relationships with internal and external auditors, reviewing financial information, and assessing the effectiveness of the company's risk management and internal control systems[127]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development practices and responsible governance, integrating these commitments into its corporate strategy[139]. - The company has established clear short-term and long-term sustainability goals to continuously reduce emissions, aligning climate-related factors with its strategic planning and decision-making processes[139]. - The company emphasizes employee development through training programs, aiming to create a supportive and safe working environment[140]. - The company has implemented measures to reduce volatile organic compound emissions, resulting in a decrease from 3,466 kg to 1,308 kg by 2025[181]. - The company aims to reduce greenhouse gas emissions, waste production, and natural resource consumption by 3% by 2026, using 2021 as the baseline year, and by 20% by 2036[197].
星谦发展(00640) - 2025 - 年度财报