金威医疗(08143) - 2025 - 年度财报
2025-07-31 08:32
Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立之有限公司 (Stock Code 股份代號 :8143) A N N U A L R E P O R T 年 報 2 0 2 4 / 2 5 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies a ...
南旋控股(01982) - 2025 - 年度财报
2025-07-31 08:31
[Company Information](index=4&type=section&id=Company%20Information) [Company Overview](index=4&type=section&id=Company%20Overview) This section outlines Novelty Asia Holdings Limited's fundamental corporate details, including its board, key personnel, and operational contacts - The company's Board of Directors comprises **four executive directors** and **four independent non-executive directors**, with Mr. Wong Wai Yu as Chairman and Mr. Man Yu Hin as Chief Executive Officer[6](index=6&type=chunk) - PricewaterhouseCoopers is the company's auditor[8](index=8&type=chunk) [Chairman's Statement](index=6&type=section&id=Chairman%27s%20Statement) [Chairman's Statement](index=6&type=section&id=Chairman%27s%20Statement) The Chairman's Statement reviews the 2025 fiscal year, highlighting the Group's business resilience, stable core knitting operations, growing contributions from diversified segments, and strategic expansion in Vietnam | Indicator | FY2025 (million HKD) | Change | | :--- | :--- | :--- | | **Total Revenue** | 4,352.1 | -0.6% | | **Gross Profit** | 781.8 | +1.0% | | **Gross Profit Margin** | 18.0% | +0.3pp | | **Operating Profit** | 449.9 | -3.8% | | **Profit for the Year** | 355.4 | -6.6% | - Sales volume of men's and women's knitwear decreased by **9.6% to 29.1 million pieces** due to delayed seasonal shifts, but revenue only slightly declined by **4.2%** due to increased average selling prices from cashmere sweater orders[14](index=14&type=chunk) - Business diversification strategy shows initial success with stable cashmere yarn sales and significant improvement in fabric business, contributing increasingly to Group revenue[13](index=13&type=chunk) - To address order shifts from mainland China, the Group strategically expanded its production capacity in Vietnam, leveraging cost advantages and robust infrastructure to establish it as a key production base[12](index=12&type=chunk)[17](index=17&type=chunk) - The Board declared a second interim dividend of **1.5 HK cents per share**, bringing the full-year dividend payout ratio to **75%** including the first interim dividend of **9.8 HK cents per share**[15](index=15&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) [Financial Review](index=11&type=section&id=Financial%20Review) This fiscal year's financial review highlights a slight revenue decrease, improved gross profit margin driven by fabric business, and a decline in profit attributable to owners due to reduced other income and increased administrative expenses | Financial Indicator (Year ended March 31) | 2025 (thousand HKD) | 2024 (thousand HKD) | Change | | :--- | :--- | :--- | :--- | | **Revenue** | 4,352,130 | 4,378,888 | -0.6% | | **Gross Profit** | 781,815 | 774,239 | +1.0% | | **Gross Profit Margin** | 18.0% | 17.7% | +0.3pp | | **Operating Profit** | 449,910 | 467,497 | -3.8% | | **Profit for the Year Attributable to Owners of the Company** | 342,327 | 361,672 | -5.4% | | **Adjusted Net Profit** | 342,753 | 396,471 | -13.5% | - Sales volume of men's and women's knitwear decreased from **32.2 million pieces to 29.1 million pieces**, partially offset by an increase in average selling price from **HKD 109.1 to HKD 115.6**[23](index=23&type=chunk) - Net other income significantly decreased from **HKD 78.2 million to HKD 41.2 million**, primarily due to a **HKD 21.0 million** reduction in exchange gains and a **HKD 16.4 million** decrease in gains from disposal of property, plant, and equipment[27](index=27&type=chunk) - No impairment loss was recorded for the Myanmar production base in FY2025, compared to an impairment loss of **HKD 34.0 million** in FY2024[30](index=30&type=chunk) [Consolidated Cash Flow Statement Analysis](index=16&type=section&id=Consolidated%20Cash%20Flow%20Statement%20Analysis) This fiscal year saw a net decrease in cash and cash equivalents, primarily driven by a significant reduction in net cash from operating activities due to increased inventory, and expanded net cash outflows from investing and financing activities | Cash Flow Item (Year ended March 31) | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | **Net Cash Generated from Operating Activities** | 222,940 | 582,949 | | **Net Cash Used in Investing Activities** | (238,307) | (145,057) | | **Net Cash Used in Financing Activities** | (272,114) | (435,922) | | **Cash and Cash Equivalents at Year End** | 430,818 | 717,404 | - Net cash from operating activities significantly decreased, primarily due to a **HKD 280.1 million** increase in inventories[40](index=40&type=chunk) [Liquidity, Financial Resources and Risk Management](index=17&type=section&id=Liquidity%2C%20Financial%20Resources%20and%20Risk%20Management) The Group's gearing ratio significantly increased, with cash and cash equivalents primarily denominated in USD and RMB, while comprehensive policies are in place to manage foreign currency, interest rate, credit, and liquidity risks - The gearing ratio (net debt/total capital) increased from **8.9%** as of March 31, 2024, to **20.1%** as of March 31, 2025[44](index=44&type=chunk) - As of March 31, 2025, total bank borrowings and lease liabilities amounted to **HKD 1,095.1 million**, with **80.4%** denominated in HKD[45](index=45&type=chunk) - The Group's foreign currency exposure primarily stems from RMB (operating expenses) and USD (sales revenue), with USD risk considered minimal due to the HKD peg, while RMB-USD exchange rate risk is closely monitored[47](index=47&type=chunk) - To mitigate interest rate risk, the Group entered into HKD interest rate swap contracts during the year[48](index=48&type=chunk) [Capital Expenditure and Human Resources](index=18&type=section&id=Capital%20Expenditure%20and%20Human%20Resources) This fiscal year, the Group incurred significant capital expenditure primarily for new production facilities in Vietnam and machinery, while maintaining a substantial global workforce with associated annual employee costs - Capital expenditure amounted to approximately **HKD 466.9 million**, primarily for the new production base in Vietnam and machinery procurement[51](index=51&type=chunk) - As of March 31, 2025, the Group's capital commitments were approximately **HKD 157.1 million**[52](index=52&type=chunk) - As of March 31, 2025, the Group employed approximately **15,400 full-time staff**, with total annual employee costs (including directors' emoluments) of **HKD 1,023.9 million**[60](index=60&type=chunk) [Biographies of Directors and Senior Management](index=20&type=section&id=Biographies%20of%20Directors%20and%20Senior%20Management) [Biographies of Directors and Senior Management](index=20&type=section&id=Biographies%20of%20Directors%20and%20Senior%20Management) This section details the personal biographies of the company's executive directors, independent non-executive directors, and senior management, covering their roles, responsibilities, and professional backgrounds - The executive director team includes Chairman Mr. Wong Wai Yu, CEO Mr. Man Yu Hin, Chief Production Officer Mr. Wong Ting Chun, and Chief Operating Officer Mr. Li Po Sing, overseeing corporate strategy, daily operations, production, and knitwear business respectively[63](index=63&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk) - The independent non-executive director team comprises Ms. Fanny Law Fan Chiu Fun, Mr. Kan Chung Shun, Mr. Fan Chun Wah Andrew, and Mr. Yip Shue Kwong, possessing extensive experience in public administration, law, accounting, and finance[67](index=67&type=chunk)[68](index=68&type=chunk)[69](index=69&type=chunk)[71](index=71&type=chunk) - Senior management includes Chief Financial Officer and Company Secretary Mr. To Chi Keung, responsible for key functions such as financial planning, reporting, and risk management[73](index=73&type=chunk) [Corporate Governance Report](index=25&type=section&id=Corporate%20Governance%20Report) [Corporate Governance Practices and the Board](index=25&type=section&id=Corporate%20Governance%20Practices%20and%20the%20Board) The company maintains high corporate governance standards, complying with all mandatory code provisions, with a diverse Board of Directors comprising executive and independent non-executive members, ensuring separation of Chairman and CEO roles, and achieving full attendance at all board meetings - The company confirmed compliance with all mandatory code provisions of the Corporate Governance Code in Appendix C1 of the Listing Rules for the year ended March 31, 2025[76](index=76&type=chunk) - The Board comprises **4 executive directors and 4 independent non-executive directors**, meeting the Listing Rules' requirement for at least one-third independent non-executive directors[81](index=81&type=chunk)[83](index=83&type=chunk) - The roles of Chairman (Mr. Wong Wai Yu) and Chief Executive Officer (Mr. Man Yu Hin) are separate with clear responsibilities[93](index=93&type=chunk) - Four Board meetings were held during the reporting year, with **100% attendance** from all directors[91](index=91&type=chunk)[92](index=92&type=chunk) [Board Committees](index=31&type=section&id=Board%20Committees) This section outlines the responsibilities, composition, and annual work of the Executive, Audit, Remuneration, and Nomination Committees, highlighting their roles in financial oversight, remuneration policy, and board structure - The Audit Committee consists of **three independent non-executive directors**, chaired by Mr. Fan Chun Wah Andrew, who possesses accounting qualifications, and held **two meetings** during the year[95](index=95&type=chunk)[96](index=96&type=chunk) - The Remuneration Committee comprises **one executive director and two independent non-executive directors**, held **one meeting** during the year, and reviewed directors' and senior management's remuneration[97](index=97&type=chunk)[98](index=98&type=chunk) - The Nomination Committee consists of **one executive director and two independent non-executive directors**, held **one meeting** during the year, and reviewed the Board's structure, size, and composition[99](index=99&type=chunk)[101](index=101&type=chunk) - In FY2025, audit service fees paid to external auditor PricewaterhouseCoopers amounted to **HKD 2.3 million**, and non-audit service fees were **HKD 0.6 million**[102](index=102&type=chunk) [Internal Control and Risk Management](index=36&type=section&id=Internal%20Control%20and%20Risk%20Management) The Group employs a 'three lines of defense' risk governance framework, with internal controls based on the COSO framework, and the Board has reviewed its effectiveness in managing significant risks such as global trade, geopolitical events, raw material prices, supply chain, customer concentration, and compliance - The Group's risk governance framework is guided by the 'three lines of defense' model, with internal control systems developed in reference to the COSO framework[116](index=116&type=chunk)[117](index=117&type=chunk) - The Board confirmed that it reviewed the risk management and internal control systems for the current fiscal year and deemed them adequate and effective[129](index=129&type=chunk)[135](index=135&type=chunk) - Key risks faced by the Group include volatile global trade conditions, geopolitical impacts, fluctuating raw material prices (e.g., cashmere), supply chain instability, high customer concentration, and multi-jurisdictional legal and regulatory compliance risks[130](index=130&type=chunk)[131](index=131&type=chunk)[132](index=132&type=chunk)[133](index=133&type=chunk) [Directors' Report](index=43&type=section&id=Directors%27%20Report) [Business and Financial Overview](index=43&type=section&id=Business%20and%20Financial%20Overview) This section provides an overview of the Group's stable knitwear manufacturing business, FY2025 performance, dividend distribution, charitable contributions, and distributable reserves - The Group's principal business is knitwear manufacturing, with no significant changes during the year[147](index=147&type=chunk) - The Board declared a second interim dividend of **1.5 HK cents per share**, bringing the total full-year dividend to **11.3 HK cents** including the interim dividend of **9.8 HK cents** already paid[149](index=149&type=chunk) - As of March 31, 2025, the company's distributable reserves were approximately **HKD 2,148.6 million**[151](index=151&type=chunk) - High concentration of major customers and suppliers: the top five customers accounted for **68.9%** of sales, and the top five suppliers accounted for **68.5%** of purchases[157](index=157&type=chunk) [Connected Transactions](index=46&type=section&id=Connected%20Transactions) This section discloses the Group's non-exempt continuing connected transactions during the reporting period, including a significant raw material procurement agreement, a joint venture for cashmere yarn production in Vietnam, and property lease renewals, all in compliance with Listing Rules - A raw material procurement agreement was entered into with connected person Hebei Yuteng Cashmere Products Co., Ltd., with an annual cap of **RMB 710 million** for the year ended March 31, 2025[166](index=166&type=chunk) - A joint venture agreement was entered into with Hebei Yuteng for cashmere yarn production in Vietnam, requiring a **USD 4.4 million** capital injection from the company's subsidiary Nan Guan (representing **55% equity interest**)[171](index=171&type=chunk) - The independent non-executive directors and auditor have reviewed these continuing connected transactions, confirming they were conducted on normal commercial terms and are in the overall interest of shareholders[167](index=167&type=chunk) [Directors' and Shareholders' Interests](index=48&type=section&id=Directors%27%20and%20Shareholders%27%20Interests) This section discloses the interests of directors, chief executives, and substantial shareholders in the company's shares as of March 31, 2025, details the outstanding share option scheme, and confirms the full utilization of IPO net proceeds - The controlling shareholder (Novelty Asia Investment Limited, controlled by Ting Wai Trust) holds **1,500,000,000 shares**, representing approximately **65.81%** of the issued share capital[198](index=198&type=chunk) Share Option Scheme Status (As of March 31, 2025) | Share Option Scheme Status (As of March 31, 2025) | Quantity | | :--- | :--- | | **Balance at Beginning of Year** | 48,538,000 | | **Granted During Year** | 0 | | **Exercised During Year** | 0 | | **Cancelled During Year** | (1,032,000) | | **Balance at End of Year** | 47,506,000 | - Net proceeds from the initial public offering of approximately **HKD 635.4 million** have been fully utilized, with the last portion allocated to the construction and equipment procurement for the Dak Lak factory in Vietnam[202](index=202&type=chunk)[203](index=203&type=chunk) [Environmental, Social and Governance (ESG)](index=57&type=section&id=Environmental%2C%20Social%20and%20Governance%20%28ESG%29) This section outlines the Group's policies and practices across environmental protection, compliance, workplace quality, health and safety, employee development, and stakeholder relations, confirming no material non-compliance issues during the year - The Group is committed to implementing environmental policies, complying with environmental laws and regulations in its factory locations, and minimizing environmental impact[213](index=213&type=chunk) - The Board confirmed that for the year ended March 31, 2025, it was unaware of any material non-compliance or breaches that would significantly impact the Group's operations[214](index=214&type=chunk) - The Group values its employees, offering competitive remuneration, on-the-job training, equal promotion opportunities, and a safe and healthy working environment[215](index=215&type=chunk)[216](index=216&type=chunk)[217](index=217&type=chunk) [Independent Auditor's Report](index=59&type=section&id=Independent%20Auditor%27s%20Report) [Independent Auditor's Report](index=59&type=section&id=Independent%20Auditor%27s%20Report) PricewaterhouseCoopers issued an unmodified opinion on the Group's consolidated financial statements for the year ended March 31, 2025, affirming their fair presentation and compliance with disclosure requirements, with 'Tax Provisions' highlighted as a key audit matter due to complex cross-jurisdictional judgments - Auditor PricewaterhouseCoopers issued an **unmodified opinion** (Clean Opinion) on the consolidated financial statements[222](index=222&type=chunk) - A key audit matter is 'Tax Provisions,' noted due to the Group's multi-jurisdictional operations in Hong Kong, mainland China, and Vietnam, involving complex cross-border arrangements and diverse tax regulations requiring significant management judgment and estimation[228](index=228&type=chunk) [Consolidated Financial Statements](index=65&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss](index=65&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) This fiscal year, the Group reported a slight decrease in revenue, with gross profit at HKD 781.8 million and a profit for the year of HKD 355.4 million, resulting in basic earnings per share of 15.02 HK cents | Item (Year ended March 31) | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | **Revenue** | 4,352,130 | 4,378,888 | | **Gross Profit** | 781,815 | 774,239 | | **Operating Profit** | 449,910 | 467,497 | | **Profit for the Year** | 355,414 | 380,704 | | **Profit for the Year Attributable to Owners of the Company** | 342,327 | 361,672 | | **Basic Earnings Per Share (HK cents)** | 15.02 | 15.87 | [Consolidated Statement of Financial Position](index=67&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets stood at HKD 4,778.6 million, with total liabilities of HKD 2,140.9 million, resulting in total equity of HKD 2,637.7 million and net current assets of HKD 814.6 million | Item (As of March 31) | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | **Total Assets** | 4,778,595 | 4,448,103 | | **Total Liabilities** | 2,140,890 | 1,849,144 | | **Total Equity** | 2,637,705 | 2,598,959 | | **Non-current Assets** | 2,550,769 | 2,399,172 | | **Current Assets** | 2,227,826 | 2,048,931 | | **Net Current Assets** | 814,592 | 787,853 | [Consolidated Statement of Cash Flows](index=70&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) This fiscal year, net cash generated from operating activities significantly decreased, while net cash outflows from investing and financing activities led to a net reduction in cash and cash equivalents, ending the period at HKD 430.8 million | Item (Year ended March 31) | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | **Net Cash Generated from Operating Activities** | 222,940 | 582,949 | | **Net Cash Used in Investing Activities** | (238,307) | (145,057) | | **Net Cash Used in Financing Activities** | (272,114) | (435,922) | | **Net Decrease in Cash and Cash Equivalents** | (287,481) | 1,970 | | **Cash and Cash Equivalents at Year End** | 430,818 | 717,404 | [Notes to the Consolidated Financial Statements](index=71&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section provides detailed explanations and supplementary information to the consolidated financial statements, covering accounting policies, key estimates, segment information, asset/liability details, related party transactions, capital commitments, and financial instrument risk management [Financial Summary](index=136&type=section&id=Financial%20Summary) [Five-Year Financial Summary](index=136&type=section&id=Five-Year%20Financial%20Summary) This section provides a summary of the Group's key performance and financial position data for the past five fiscal years, showing stable revenue around HKD 4 billion and a recovery in profit attributable to owners after a FY2023 low Results (Year ended March 31) | Results (Year ended March 31) | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue (thousand HKD)** | 4,352,130 | 4,378,888 | 4,602,307 | 4,040,472 | 3,848,554 | | **Profit for the Year Attributable to Owners of the Company (thousand HKD)** | 342,327 | 361,672 | 134,844 | 263,302 | 313,677 | Assets and Liabilities (As of March 31) | Assets and Liabilities (As of March 31) | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Assets (thousand HKD)** | 4,778,595 | 4,448,103 | 4,429,101 | 4,814,257 | 4,655,610 | | **Total Equity (thousand HKD)** | 2,637,705 | 2,598,959 | 2,477,674 | 2,602,894 | 2,416,135 | | **Total Liabilities (thousand HKD)** | 2,140,890 | 1,849,144 | 1,951,427 | 2,211,363 | 2,239,475 |
珩湾科技(01523) - 2025 - 中期业绩
2025-07-31 08:31
[Performance Highlights](index=1&type=section&id=%E6%A5%AD%E7%B8%BE%E6%A6%82%E8%A6%81) The company achieved robust financial growth in the first half of 2025, marked by increased revenue and net profit, alongside a declared interim dividend [Financial Summary](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) The company reported robust performance for the six months ended June 30, 2025, with total revenue increasing 9.9% to $62.94 million and net profit rising 13.4% to $21.67 million, alongside an interim dividend declaration Key Financial Indicators for H1 2025 | Indicator | H1 2025 (Million USD) | YoY Growth | | :--- | :--- | :--- | | Revenue | 62.943 | +9.9% | | Net Profit | 21.665 | +13.4% | | Basic Earnings Per Share | 0.0196 | +12.6% | - The Board decided to declare an interim dividend of **HK$0.1234 per share** for the six months ended June 30, 2025[3](index=3&type=chunk) [Consolidated Financial Statements](index=2&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) The consolidated financial statements provide a comprehensive overview of the company's financial position, performance, and cash flows for the period [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the company's revenue grew to $62.94 million, gross profit reached $34.96 million with a stable gross margin of 55.5%, and profit attributable to owners of the parent increased 13.4% to $21.67 million Summary of Profit or Loss Statement (For the six months ended June 30, Thousand USD) | Item | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 62,943 | 57,298 | +9.9% | | Gross Profit | 34,963 | 31,745 | +10.1% | | Profit Before Tax | 26,577 | 22,710 | +17.0% | | Profit for the Period Attributable to Owners of the Parent | 21,665 | 19,103 | +13.4% | | Basic Earnings Per Share (US cents) | 1.96 | 1.74 | +12.6% | [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the company's total assets stood at $107 million and net assets at $51.56 million, with a decrease in cash and cash equivalents, a significant increase in trade receivables, and a reduction in inventory levels compared to year-end 2024 Key Items from Statement of Financial Position (Thousand USD) | Item | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Net Assets | 51,557 | 56,299 | -8.4% | | Cash and Cash Equivalents | 55,666 | 65,933 | -15.6% | | Trade Receivables | 25,869 | 15,497 | +66.9% | | Inventories | 13,619 | 16,160 | -15.7% | | Interest-bearing Bank Borrowings | 3,085 | 8,516 | -63.8% | [Condensed Consolidated Statement of Cash Flows](index=6&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) During the period, net cash inflow from operating activities was $22.27 million, but net cash outflow from financing activities, primarily due to $26.90 million in dividend payments, resulted in a net decrease of $10.27 million in cash and cash equivalents Summary of Cash Flow Statement (For the six months ended June 30, Thousand USD) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 22,270 | 31,843 | | Net Cash Flow from Investing Activities | 486 | 138 | | Net Cash Flow Used in Financing Activities | (33,030) | (15,370) | | Net (Decrease)/Increase in Cash and Cash Equivalents | (10,274) | 16,611 | - The primary reason for the cash outflow from financing activities was the payment of **$26.90 million in dividends**, significantly higher than the **$17.40 million** in the same period last year[8](index=8&type=chunk) [Management Discussion and Analysis](index=19&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) Management discusses the company's operating performance, business developments, and financial resources, outlining strategic initiatives and future outlook [Operating Results](index=19&type=section&id=%E7%B6%93%E7%87%9F%E6%A5%AD%E7%B8%BE) The company's overall operating performance was robust, with total revenue growing 9.9%, primarily driven by mobile network priority connectivity products and software license sales, while gross margin remained stable at 55.5% and total operating expenses increased modestly by 4.2% due to higher R&D investment [Revenue Analysis](index=19&type=section&id=%E6%94%B6%E5%85%A5%E5%88%86%E6%9E%90) Total revenue increased to $62.94 million, with mobile network priority connectivity product sales growing 14.4% and software license sales increasing 33.8%, while EMEA and Asia regions showed strong growth of 39.2% and 44.3% respectively, and North America experienced a slight decline due to high base effect Revenue by Product/Service Category (Thousand USD) | Product/Service Category | H1 2025 | H1 2024 | YoY Growth | | :--- | :--- | :--- | :--- | | Mobile Network Priority Connectivity | 36,831 | 32,194 | +14.4% | | Software Licenses | 5,055 | 3,777 | +33.8% | | Warranty and Support Services | 13,441 | 12,575 | +6.9% | | Fixed Network Priority Connectivity | 7,616 | 8,752 | -13.0% | Revenue by Region (Thousand USD) | Region | H1 2025 | H1 2024 | YoY Growth | | :--- | :--- | :--- | :--- | | Europe, Middle East and Africa (EMEA) | 20,497 | 14,725 | +39.2% | | Asia | 5,862 | 4,061 | +44.3% | | North America | 34,394 | 36,761 | -6.4% | [Recurring Sales](index=20&type=section&id=%E7%B6%93%E5%B8%B8%E6%80%A7%E9%8A%B7%E5%94%AE) Recurring sales increased 12.5% year-over-year to $17.70 million, raising their proportion of total revenue from 27.5% to 28.1%, with healthy growth in the number of subscribed devices and usage rates indicating a strong future recurring revenue pipeline Revenue by Nature (Thousand USD) | Revenue Type | H1 2025 | % of Total | H1 2024 | % of Total | YoY Growth | | :--- | :--- | :--- | :--- | :--- | :--- | | One-off Sales | 45,245 | 71.9% | 41,566 | 72.5% | +8.9% | | Recurring Sales | 17,698 | 28.1% | 15,732 | 27.5% | +12.5% | [Gross Profit and Expenses](index=22&type=section&id=%E6%AF%9B%E5%88%A9%E5%8F%8A%E9%96%8B%E6%94%AF) Overall gross margin remained stable at 55.5%, with warranty and support services and software licensing businesses maintaining high gross margins exceeding 90%, while total operating expenses increased 4.2% to $10.15 million, primarily due to a 9.9% rise in R&D expenses driven by increased salaries - Gross margin was approximately **55.5%**, consistent with the prior year period, with warranty and support services and software licenses achieving high gross margins of **94.5%** and **90.6%** respectively[49](index=49&type=chunk)[50](index=50&type=chunk) - Total operating expenses increased by **4.2%** year-over-year to **$10.15 million**, primarily due to a **9.9%** increase in research and development, consulting, and other expenses driven by higher salaries[56](index=56&type=chunk)[58](index=58&type=chunk) [Business Review and Outlook](index=25&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E5%8F%8A%E5%89%8D%E6%99%AF) Management expresses confidence in future growth, deepening collaboration with Starlink and establishing a new partnership with Iridium to expand the low-earth orbit satellite communication market, launching the SpeedFusion Connect mobile application, and planning to accelerate subscription business growth by optimizing partner experience and developing targeted regional strategies for price-sensitive EMEA and APAC markets - Expansion of collaboration with low-earth orbit satellite providers: The scope of cooperation with Starlink has been extended to all Starlink devices, and a new marketing partnership has been established with Iridium[66](index=66&type=chunk) - Launch of SpeedFusion Connect application: A new application has been launched on iOS and Android platforms, aiming to combine mobile data and WiFi for more stable network experience on mobile devices and to explore new markets[67](index=67&type=chunk) - Acceleration of subscription business growth: The subscription rate increased from **34.1% to 36.5%** during the period, and the company plans to further boost it by adding new features and removing partner obstacles[68](index=68&type=chunk) - Development of regional strategies: Plans are underway to develop specialized products and strategies for the EMEA and Asia-Pacific regions to address the price-sensitive nature of these markets[64](index=64&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=27&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E3%80%81%E8%B2%A1%E6%94%BF%E8%B3%87%E6%BA%90%E5%8F%8A%E8%B3%87%E6%9C%AC%E6%9E%B6%E6%A7%8B) The company maintains a healthy financial position, with the gearing ratio significantly decreasing from 15.1% at the end of 2024 to 6.0%, and the group primarily funds its operations through cash generated from its own business activities without facing liquidity issues - As of June 30, 2025, the gearing ratio (total borrowings/total equity) was approximately **6.0%**, a significant decrease from **15.1%** at the end of 2024[70](index=70&type=chunk) [Other Disclosures](index=28&type=section&id=%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A0%85) This section details additional corporate information including dividend declarations, share option schemes, and corporate governance practices [Dividends](index=28&type=section&id=%E8%82%A1%E6%81%AF) The Board declared an interim dividend of HK$0.1234 per share for the six months ended June 30, 2025, payable on August 26, 2025, to shareholders on record as of August 15, 2025 - An interim dividend of **HK$0.1234 per share** was declared, higher than **HK$0.1083 per share** for the same period in 2024[27](index=27&type=chunk)[78](index=78&type=chunk) [Share Option Scheme](index=30&type=section&id=%E8%B3%BC%E8%82%A1%E6%AC%8A%E8%A8%88%E5%8A%83) As of June 30, 2025, a total of 12,274,000 unexercised share options remained, with 647,000 options exercised and 400,000 forfeited due to resignation during the period, and no new options granted - As of June 30, 2025, **12,274,000 share options** remained unexercised under the share option scheme[84](index=84&type=chunk) - Equity-settled share-based payment expenses for the period amounted to approximately **$153,000**[39](index=39&type=chunk)[57](index=57&type=chunk) [Corporate Governance](index=32&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) The company has adopted and complied with all applicable provisions of the Corporate Governance Code, and the Audit Committee has reviewed these interim results - During the reporting period, the company complied with all applicable code provisions set out in the Corporate Governance Code[91](index=91&type=chunk) - The Audit Committee has reviewed the Group's interim results and discussed audit, internal control, and financial reporting matters with management[93](index=93&type=chunk)
兆邦基生活(01660) - 2025 - 年度财报
2025-07-31 08:31
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金石控股集团(01943) - 2025 - 年度财报
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木薯资源(00841) - 2025 - 年度财报
2025-07-31 07:00
[Management Discussion and Analysis](index=2&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=3&type=section&id=Business%20Review) The Group's core dried cassava chip revenue decreased by 18.2% this year due to global high interest rates and a weaker China recovery, with hotel income also declining - The Group's core business involves sourcing dried cassava chips in Southeast Asia for sale in China, alongside operating hotel and serviced apartment businesses[5](index=5&type=chunk) Revenue Performance by Business Segment | Business Segment | FY2025 Revenue (HKD) | FY2024 Revenue (HKD) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Sourcing and Sale of Dried Cassava Chips | Approx. 960.5 million | Approx. 1,173.6 million | -18.2% | | Hotel and Serviced Apartments | Approx. 13 million | Approx. 14.8 million | -12.2% | - The decline in dried cassava chip revenue was primarily due to the sluggish economic recovery in mainland China and weak alcohol demand influenced by electric vehicle penetration[6](index=6&type=chunk) [Financial Review of Audited Results](index=3&type=section&id=Financial%20Review%20of%20Audited%20Results) Total revenue decreased by 18.2% to **978 million HKD**, gross margin fell to 6.6% due to logistics changes, and the annual loss expanded to **131 million HKD**, impacting net assets and capital gearing Key Financial Indicators for FY2025 | Indicator | FY2025 | FY2024 | Reason for Change | | :--- | :--- | :--- | :--- | | Total Revenue | 978 million HKD | 1,193 million HKD | Decrease in average selling price of dried cassava chips and reduced hotel revenue | | Dried Cassava Chip Gross Profit Margin | 6.6% | 11.3% | Change in customer logistics terms from C&F to FOB | | Selling and Distribution Costs | 36.7 million HKD | 113 million HKD | Change in customer contract terms, with customers bearing ocean freight costs | | Administrative Expenses | 128 million HKD | 99.7 million HKD | Increased impairment losses on right-of-use assets and hotel business | | Loss for the Year (Attributable to Owners) | 131 million HKD | 111 million HKD | Decreased revenue and increased asset impairment | | Capital Gearing Ratio | 51.8% | 39.0% | Increase in trade-related bank borrowings and asset impairment | | Inventory Turnover Days | 124.7 days | 117.1 days | Strategic inventory stocking to meet future demand | - As of March 31, 2025, the Group had approximately **220 employees**, with total annual staff costs of approximately **19.4 million HKD**[18](index=18&type=chunk) [Outlook](index=5&type=section&id=Outlook) The Group aims to consolidate its dried cassava chip leadership by expanding procurement in Southeast Asia, while diversifying into cassava starch manufacturing in Laos by late 2025 to reduce China market reliance - China's policy of encouraging non-grain based biofuel production remains unchanged, providing a continuous market foundation for the Group's dried cassava chip business[22](index=22&type=chunk) - The Group is expanding its procurement network in Thailand, Laos, and Cambodia to achieve economies of scale, reduce unit costs, and improve gross profit margins[22](index=22&type=chunk) - To expand into downstream industries and diversify markets, the Group has established a subsidiary in Laos for cassava starch manufacturing and processing, expected to commence production by the end of 2025, aiming to gradually reduce reliance on the Chinese market[23](index=23&type=chunk) [Directors and Senior Management](index=5&type=section&id=Directors%20and%20Senior%20Management) [Board of Directors](index=6&type=section&id=Board%20of%20Directors) The Board comprises three executive and three independent non-executive directors, with executive directors focusing on strategy and operations, and independent directors providing diverse professional expertise Board of Directors Composition | Name | Position | Key Responsibilities/Background | | :--- | :--- | :--- | | **Executive Directors** | | | | Mr. Chu Ming Chuen | Chairman | Formulating Group strategy and overall development | | Ms. Liu Yuk Ming | Executive Director | Formulating marketing strategies and daily operations | | Ms. Lam Ching Fun | Executive Director | Logistics systems, vessel chartering business management | | **Independent Non-Executive Directors** | | | | Ms. Amporn Lohathanulert | Independent Non-Executive Director | Bachelor of Mass Communication, with insurance industry experience | | Mr. Hung Sze Kit | Independent Non-Executive Director | Business administration professional, with government and corporate management experience | | Mr. Chui Chi Yan | Independent Non-Executive Director | Hong Kong practicing accountant, with over 35 years of accounting experience | [Senior Management](index=7&type=section&id=Senior%20Management) The senior management team, composed of experienced professionals in administration, finance, and China operations, is responsible for the Group's daily management and business execution, leveraging their extensive industry expertise Senior Management Members | Name | Position | Key Responsibilities | | :--- | :--- | :--- | | Ms. Wu Ni Na | Head of Administration and Human Resources | Responsible for Group administration and human resources | | Mr. Shum Sing Kee | Chief Financial Officer and Company Secretary | Responsible for the company's financial functions and financial management | | Ms. Zhu Ling Ling | Deputy Financial Controller | Responsible for overall oversight of the accounting department | | Mr. Wang Dong Dai | General Manager of Rizhao Yushun | Overseeing Rizhao Yushun's daily management and mainland China operations | | Ms. Jiang Ting | Deputy General Manager of Rizhao Yushun | Responsible for analysis of China's cassava market information and customer relations | [Report of the Directors](index=7&type=section&id=Report%20of%20the%20Directors) [Principal Activities and Results](index=8&type=section&id=Principal%20Activities%20and%20Results) The Group's main activities include dried cassava chip trade, hotel operations, and property investment; it recorded a loss for the year ended March 31, 2025, with no final dividend recommended - The Group's principal activities include sourcing dried cassava chips in Southeast Asia for sale in China, and operating hotels, serviced apartments, and property investments in China and Hong Kong[34](index=34&type=chunk) - No interim dividend was distributed for the current year, and the Board recommends no final dividend be paid[36](index=36&type=chunk) [Major Customers and Suppliers](index=9&type=section&id=Major%20Customers%20and%20Suppliers) The Group experienced high customer concentration this year, with the top five customers accounting for 68% of sales, while its supplier base was more diversified, with the top five suppliers accounting for less than 29% of purchases Customer and Supplier Concentration | Category | Percentage (FY2025) | Percentage (FY2024) | | :--- | :--- | :--- | | Sales to Top Five Customers | 68% | 79% | | Sales to Largest Customer | 31% | 33% | | Purchases from Top Five Suppliers | <29% | 43% | | Purchases from Largest Supplier | 19% | 27% | [Directors' and Major Shareholders' Interests in Shares](index=10&type=section&id=Directors'%20Interests%20in%20Shares) As of March 31, 2025, Chairman Mr. Chu Ming Chuen held approximately **61.66%** of the Company's issued share capital directly and through controlled corporations, with Fortune Art Management Limited directly holding **38.48%** Major Shareholder Holdings (as of March 31, 2025) | Shareholder Name | Capacity and Nature of Interest | Number of Ordinary Shares Held | Percentage of Issued Share Capital | | :--- | :--- | :--- | :--- | | Fortune Art Management | Directly Beneficially Owned | 225,000,000 | 38.48% | | Mr. Chu Ming Chuen | Directly Beneficially Owned | 135,520,715 | 23.18% | | | Through Controlled Corporations | 225,000,000 | 38.48% | | | **Total** | **360,520,715** | **61.66%** | [Continuing Connected Transactions](index=12&type=section&id=Continuing%20Connected%20Transactions) The Group engaged in continuing connected transactions this year, mainly leasing office and staff quarters from entities controlled by Chairman Mr. Chu and his spouse, which independent non-executive directors confirmed were on normal commercial terms - The Group leased office premises from Ya Fat Property Limited, controlled by Chairman Mr. Chu, with an annual rent of **0.574 million HKD**[63](index=63&type=chunk) - The Group leased staff quarters from Wealthy Yield Property Limited, controlled by Chairman's spouse Ms. Chu, with a monthly rent of **0.058 million HKD**[64](index=64&type=chunk) [Corporate Governance Report](index=13&type=section&id=Corporate%20Governance%20Report) [Corporate Governance Practices](index=14&type=section&id=Corporate%20Governance%20Practices) The Company generally complied with the Corporate Governance Code, but deviated by having the Chairman concurrently perform CEO functions, with the executive director team collectively overseeing management - During the reporting period, the Company deviated from the Corporate Governance Code as the roles of Chairman and Chief Executive Officer were assumed by the same individual (Chairman Mr. Chu Ming Chuen), and no separate CEO position was established[73](index=73&type=chunk) [Board and Board Committees](index=14&type=section&id=Board%20and%20Board%20Committees) The Board, responsible for strategy and oversight, held four meetings and established Audit, Remuneration, and Nomination Committees, all composed of independent non-executive directors, to ensure independent oversight of financial reporting, remuneration, and nominations - The Board of Directors comprises three executive directors and three independent non-executive directors, complying with Listing Rules requirements[79](index=79&type=chunk)[80](index=80&type=chunk) - The Board has established an Audit Committee, a Remuneration Committee, and a Nomination Committee, all composed of independent non-executive directors[87](index=87&type=chunk)[88](index=88&type=chunk)[89](index=89&type=chunk)[91](index=91&type=chunk) - The Company has adopted a Board Diversity Policy, aiming to enhance Board performance by considering multiple factors such as skills, experience, background, age, and gender[93](index=93&type=chunk)[94](index=94&type=chunk) [Accountability and Audit](index=18&type=section&id=Accountability%20and%20Audit) The Board is responsible for fair financial statements, with the Audit Committee assisting in oversight; **1.83 million HKD** was paid to Ernst & Young for audit services this year Auditor's Fees | Service Type | Fees (HKD '000) | | :--- | :--- | | Annual Audit Services | 1,830 | [Shareholders' Rights](index=19&type=section&id=Shareholders'%20Rights) The Company facilitates shareholder-Board communication via general meetings, allowing shareholders holding at least 10% of paid-up capital to request an extraordinary general meeting in writing - Shareholders holding not less than one-tenth of the Company's paid-up share capital have the right to request the Board to convene an extraordinary general meeting in writing[105](index=105&type=chunk) [Independent Auditor's Report](index=20&type=section&id=Independent%20Auditor's%20Report) [Auditor's Opinion](index=21&type=section&id=Auditor's%20Opinion) Auditor Ernst & Young issued an unmodified opinion, confirming the consolidated financial statements fairly present the Group's financial position, performance, and cash flows as of March 31, 2025, in compliance with Hong Kong Companies Ordinance - Auditor Ernst & Young issued an unmodified opinion on the consolidated financial statements[110](index=110&type=chunk) [Key Audit Matters](index=21&type=section&id=Key%20Audit%20Matters) The key audit matter was the fair value estimation of a Hong Kong commercial building, involving significant management judgment, which the auditor addressed by reviewing external valuations and assessing methodologies and assumptions - The key audit matter is the estimation of the fair value of a commercial building located in Hong Kong. This building is partly classified as investment property and partly as property, plant and equipment, collectively accounting for approximately **73%** of total non-current assets[112](index=112&type=chunk)[114](index=114&type=chunk) - The auditor's responses included reviewing external valuation reports, utilizing internal valuation experts to assess valuation methodologies and assumptions, evaluating the independence and competence of external valuers, and assessing related disclosures[118](index=118&type=chunk) [Consolidated Financial Statements](index=24&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=25&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For FY2025, revenue decreased to **978 million HKD**, and the annual loss expanded to **168 million HKD** due to reduced income and fair value losses, resulting in a **131 million HKD** loss attributable to owners and **22.36 HK cents** basic loss per share Key Consolidated Income Statement Data (HKD '000) | Indicator | FY2025 (HKD '000) | FY2024 (HKD '000) | | :--- | :--- | :--- | | Revenue | 977,903 | 1,193,032 | | Gross Profit | 81,150 | 152,041 | | Loss Before Tax | (162,045) | (139,790) | | Loss for the Year | (168,021) | (149,019) | | **Loss Attributable to Owners of the Company** | **(130,721)** | **(111,360)** | | Basic and Diluted Loss Per Share | (22.36 HK cents) | (19.04 HK cents) | [Consolidated Statement of Financial Position](index=26&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, net assets decreased to **349 million HKD**, with total assets at **1,697 million HKD** and liabilities at **1,347 million HKD**, leading to a **332 million HKD** net current liability due to increased current borrowings Key Consolidated Statement of Financial Position Data (HKD '000) | Indicator | March 31, 2025 (HKD '000) | March 31, 2024 (HKD '000) | | :--- | :--- | :--- | | Non-current Assets | 984,372 | 1,050,248 | | Current Assets | 712,354 | 417,291 | | **Total Assets** | **1,696,726** | **1,467,539** | | Current Liabilities | 1,044,633 | 285,432 | | Non-current Liabilities | 302,611 | 698,156 | | **Total Liabilities** | **1,347,244** | **983,588** | | **Net Assets** | **349,482** | **483,951** | | **Total Equity** | **349,482** | **483,951** | [Consolidated Statement of Cash Flows](index=29&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) The Group experienced a **204 million HKD** net cash outflow from operations, a **79.31 million HKD** outflow from investing, and a **290 million HKD** inflow from financing, resulting in a **6.25 million HKD** net increase in cash and equivalents to **57.8 million HKD** at year-end Key Consolidated Cash Flow Statement Data (HKD '000) | Indicator | FY2025 (HKD '000) | FY2024 (HKD '000) | | :--- | :--- | :--- | | Net Cash Flows From/(Used in) Operating Activities | (204,292) | 251,040 | | Net Cash Flows Used in Investing Activities | (79,309) | (55,522) | | Net Cash Flows From/(Used in) Financing Activities | 289,852 | (408,193) | | Net Increase/(Decrease) in Cash and Cash Equivalents | 6,251 | (212,675) | | Cash and Cash Equivalents at End of Year | 57,804 | 49,424 | [Notes to the Financial Statements (Summary)](index=30&type=section&id=Notes%20to%20the%20Financial%20Statements) The notes detail accounting policies and estimates, highlighting a **332 million HKD** net current liability due to reclassified bank loans, though management deems going concern appropriate; segment data shows declining dried cassava chip performance and losses in property and hotel segments - The Group had net current liabilities of **332 million HKD** at the end of the reporting period, primarily due to **879 million HKD** in interest-bearing bank loans reclassified as current liabilities due to covenant breaches. Management has taken measures (such as obtaining waivers, repaying part of the loans, and securing new loans from the controlling shareholder) to alleviate liquidity pressure and believes the company can continue as a going concern[143](index=143&type=chunk)[144](index=144&type=chunk)[146](index=146&type=chunk) Segment Results Summary (HKD '000) | Segment | FY2025 Revenue (HKD '000) | FY2025 Results (HKD '000) | FY2024 Revenue (HKD '000) | FY2024 Results (HKD '000) | | :--- | :--- | :--- | :--- | :--- | | Sourcing and Sale of Dried Cassava Chips | 960,498 | 5,955 | 1,173,577 | 16,915 | | Property Investment | 4,361 | (49,402) | 4,650 | (57,796) | | Hotel and Serviced Apartment Operations | 13,044 | (26,945) | 14,805 | (26,604) | - Due to deteriorating hotel operations and a subdued Hong Kong property market, the Group recognized impairment losses of **26.17 million HKD** on property, plant and equipment, and fair value change losses of **53.76 million HKD** on investment properties[127](index=127&type=chunk)[263](index=263&type=chunk) - Subsequent to the reporting period, in June 2025, the Group drew down an interest-bearing loan of **220 million HKD** from its controlling shareholder to support working capital[337](index=337&type=chunk) [Details of Properties Held by the Company](index=85&type=section&id=Details%20of%20Properties%20Held%20by%20the%20Company) [Property Portfolio Overview](index=86&type=section&id=Property%20Portfolio%20Overview) The Group holds a diversified property portfolio across Hong Kong, mainland China, Thailand, and Laos, including office, industrial, warehouse, and residential properties, supporting both core operations and investment - The Group holds multiple office properties and parking spaces in Hong Kong, including locations at Houston Centre and Connaught Place in Tsim Sha Tsui[339](index=339&type=chunk) - In mainland China, the Group holds industrial buildings in Shenzhen and staff quarters in Shandong[340](index=340&type=chunk) - In Thailand and Laos, the Group holds properties such as warehouses, office buildings, residential units, and industrial buildings to support its Southeast Asian sourcing and production operations[340](index=340&type=chunk) [Financial Summary](index=87&type=section&id=Financial%20Summary) [Five-Year Financial Data](index=88&type=section&id=Five-Year%20Financial%20Data) Five-year data shows revenue declining for two years post-2023 peak, with losses expanding for three consecutive years since 2022 profitability, and net assets continuously decreasing since 2022 Five-Year Performance Summary (HKD '000) | Year Ended March 31 | 2025 (HKD '000) | 2024 (HKD '000) | 2023 (HKD '000) | 2022 (HKD '000) | 2021 (HKD '000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue | 977,903 | 1,193,032 | 3,969,276 | 3,585,019 | 2,715,508 | | Profit/(Loss) Before Tax | (162,045) | (139,790) | (115,003) | 58,346 | (52,796) | | Profit/(Loss) for the Year | (168,021) | (149,019) | (144,586) | 34,490 | (48,496) | Five-Year Assets and Liabilities Summary (HKD '000) | As of March 31 | 2025 (HKD '000) | 2024 (HKD '000) | 2023 (HKD '000) | 2022 (HKD '000) | 2021 (HKD '000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 1,696,726 | 1,467,539 | 2,041,779 | 2,920,781 | 2,670,395 | | Total Liabilities | (1,347,244) | (983,588) | (1,379,229) | (2,087,871) | (1,869,610) | | **Net Assets** | **349,482** | **483,951** | **662,550** | **832,910** | **800,785** | [Company Information](index=88&type=section&id=Company%20Information) - The Company's stock code is **841**, listed on the Stock Exchange of Hong Kong Limited[346](index=346&type=chunk) - The Company's auditor is Ernst & Young[346](index=346&type=chunk) - The Company's registered office is in the Cayman Islands, with its head office and principal place of business located at Houston Centre, Tsim Sha Tsui, Hong Kong[346](index=346&type=chunk)
渣打集团(02888) - 2025 - 中期业绩

2025-07-31 04:02
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確表 示,概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 STANDARD CHARTERED PLC 渣打集團有限公司 (於英格蘭及威爾士註冊之有限責任的公眾有限公司) (編號:966425) (股份代號:02888) 截至二〇二五年六月三十日止上半年及第二季度之業績 —第二部分 渣打集團有限公司 -二〇二五年上半年業績 -第二部分 目錄 | 風險回顧 | 02 | | --- | --- | | 資本回顧 | 50 | | 董事責任聲明 | 56 | | 致渣打集團有限公司的獨立審閱報告 | 57 | | 財務報表 | 59 | | 財務報表附註 | 65 | | 其他補充資料 | 108 | | 股東資料 | 118 | | 重要通知 | 120 | | 詞彙 | 122 | 除另有指明其他貨幣外,本文件中提述的「元」字或「$」符號概指美元,而「仙」字或「c」符號概指一百分之一美元。 表現摘要至資本回顧及其他補充資料至詞彙中的資料未經審閱。 除文義另有所指 ...
渣打集团(02888) - 2025 - 中期业绩

2025-07-31 04:01
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確表 示,概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 STANDARD CHARTERED PLC 渣打集團有限公司 (於英格蘭及威爾士註冊之有限責任的公眾有限公司) (編號:966425) (股份代號:02888) 截至二〇二五年六月三十日止上半年及第二季度之業績—第一部分 渣打集團有限公司—二〇二五年上半年業績—第一部分 目錄 | 表現摘要 | 02 | | --- | --- | | 業績報表 | 04 | | 集團行政總裁回顧 | 05 | | 集團財務總監回顧 | 07 | | 財務回顧 | 10 | | 補充財務資料 | 17 | | 基本及列賬基準業績對賬 | 25 | | 其他表現指標 | 27 | | 集團風險總監回顧 | 29 | | 股東資料 | 36 | | 重要通知 | 38 | 除另有指明其他貨幣外,本文件中提述的「元」字或「$」符號概指美元,而「仙」字或「c」符號概指一百分之一美元。 表現摘要至資本回顧及其他補充資料至詞彙中的資 ...
中国智能科技(00464) - 2025 - 年度财报
2025-07-31 04:00
目錄 | | | 頁 碼 | | --- | --- | --- | | 1 | 公 司 資 料 | 2 | | 2 | 財 務 摘 要 | 3 | | 3 | 主 席 報 告 書 | 4 | | 4 | 管 理 層 討 論 及 分 析 | 5 | | 5 | 董 事 會 報 告 | 1 1 | | 6 | 董 事 及 高 級 管 理 人 員 資 料 | 2 3 | | 7 | 企 業 管 治 報 告 | 2 6 | | 8 | 獨 立 核 數 師 報 告 | 4 5 | | 9 | 綜 合 損 益 及 其 他 全 面 收 益 表 | 4 8 | | 10 | 綜 合 財 務 狀 況 表 | 4 9 | | 11 | 綜 合 權 益 變 動 表 | 5 0 | | 12 | 綜 合 現 金 流 量 表 | 5 1 | | 13 | 綜 合 財 務 報 表 附 註 | 5 3 | | 14 | 五 年 財 務 摘 要 | 9 9 | 公司資料 董事會 執行董事 張慧君先生 (主席) 蔡冬艷女士 (行政總裁) 周里洋先生 獨立非執行董事 胡志剛先生 張加友先生 馬有恒先生 公司秘書 王金徹先生 審核委員會 馬有恒 ...