Financial Performance - The Group recorded a loss of approximately HK$741,000 for the year ended December 31, 2025, compared to a profit of approximately HK$7,198,000 in 2024[19]. - The consolidated loss attributable to the owners of the Company amounted to approximately HK$5,446,000 for the year, a decline from a profit of approximately HK$2,151,000 in 2024[19]. - The Group's revenue for the Year was approximately HK$88,957,000, representing a decrease of approximately 14.7% compared to HK$104,338,000 for 2024[62][67]. - Gross profit decreased by approximately 4.0% to approximately HK$68,360,000 from approximately HK$71,245,000 for 2024[63][68]. - The net loss attributable to owners of the Company was approximately HK$5,446,000 for the Year, compared to a net profit of approximately HK$2,151,000 for 2024[66][71]. - Finance costs increased to approximately HK$95,000 for the Year from approximately HK$45,000 for 2024[64][69]. - The Group's total assets amounted to approximately HK$263,853,000 as of December 31, 2025, compared to approximately HK$278,105,000 as of December 31, 2024[74][81]. - The gearing ratio increased to approximately 23.3% as of December 31, 2025, from approximately 20.5% as of December 31, 2024[74][81]. Dividend Policy - The Directors do not recommend the payment of a dividend for the year, contrasting with a total dividend of HK$0.030 per share in 2024[20]. - No dividend was recommended for the Year, contrasting with the previous year's total dividend of HK$0.030 per share[25]. - The Company will continue to review its dividend policy periodically and may amend it as deemed necessary[191]. - The Company’s dividend policy allows for dividends to be declared and paid in cash or other means, with decisions based on current and future operations, financial condition, and capital requirements[189]. Business Operations - The Group's operations are primarily focused on Software Business, Corporate Management Solutions, I.T. Contract Services, B2C Online Sales Platform, B2B Product Trading, and Securities Investment Business[21]. - The Software Business generated revenue of approximately HK$81,577,000, accounting for about 91.7% of the Group's total revenue for the Year[22][26][36]. - The Corporate Management Solutions and I.T. Contract Services Business contributed approximately 8.3% to the Group's total revenue[27][31]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business was approximately HK$7,380,000, representing a decrease of approximately 65.4% compared to HK$21,319,000 in 2024[48][51]. - The B2C Online Sales Platform and B2B Product Trading Business generated no revenue, with a segment loss of approximately HK$945,000 for the Year[50][52]. - The Securities Investment Business reported a segment profit of approximately HK$4,659,000, down from approximately HK$5,193,000 in 2024, mainly due to realized and unrealized gains on financial assets of approximately HK$4,575,000[55][59]. User Metrics - As of December 31, 2025, Boom Max Group had over 33 million new users, a decrease from over 36 million in 2024, including both new non-paying and active paying users[42][45]. Economic Environment - The global macro-economic environment has introduced growing uncertainties, adversely impacting the Group's business operations[21]. - The economic outlook for 2026 is expected to be clouded by geopolitical tensions and tightening financial conditions, impacting customer confidence[100]. - The company anticipates ongoing economic uncertainty through 2026, influenced by global geopolitical tensions and tightening financial conditions[105]. - Future market conditions for the Corporate Management Solutions and I.T. Contract Services Business are expected to remain challenging due to competition and macroeconomic uncertainties[49]. Corporate Governance - The Board of Directors consists of five members, including two executive directors and three independent non-executive directors, ensuring a balance of skills and experience[109]. - Independent non-executive directors represent more than half of the Board, providing independent opinions based on their expertise[110]. - The company has established high standards of corporate governance, focusing on integrity, transparency, and accountability to maximize shareholder returns[107]. - The positions of Chairman and Chief Executive Officer were held separately during the year, with the Chairman focusing on Board leadership and the CEO on business development and daily operations[133]. - The Board complied with GEM Listing Rules, maintaining at least three independent non-executive Directors, constituting more than one-third of the Board members[136]. - The Company has established formal procedures for the appointment and re-election of Directors, ensuring transparency and compliance with its Bye-laws[139]. Risk Management - The Group's risk assessment process includes identifying risks through discussions with management and directors, determining existing controls, and analyzing risks based on consequences and likelihood[173][174]. - The Group categorizes risks into low, medium, and high risk, and develops a risk register and internal control audit plan[179]. - The Audit Committee and the Board reviewed the risk management and internal control systems, covering financial, operational, and compliance controls, and found them effective for the Year[182]. - The Group's risk management systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[165]. Research and Development - The Group will continue to invest in research and development to keep up with the latest technology trends and improve customer satisfaction[38][40]. - Boom Max Group plans to enhance its software products and explore new technological applications while expanding distribution channels in emerging markets[43][45]. - The company aims to enhance its technological capabilities and upgrade software products to provide solutions against computer viruses, cyberattacks, and spyware, thereby expanding its business scope[105]. Internal Controls - The internal audit function is performed by management, with an external consultant engaged to enhance the quality of the internal audit[182]. - The Board is responsible for reviewing the effectiveness of the Group's risk management and internal control systems at least annually, which are deemed effective and adequate[165]. Ethical Practices - The Company has adopted a whistleblowing policy to allow employees to report ethical violations anonymously, which is subject to review for continued effectiveness[183]. - An anti-corruption policy has been implemented to ensure compliance with anti-bribery laws and to promote ethical business conduct[184]. - The Company’s commitment to ethical business practices is reflected in its ongoing updates to internal policies related to anti-corruption[187].
名科国际(08100) - 2025 - 年度业绩