Financial Data and Key Metrics Changes - The company held its Annual Meeting of Stockholders on June 27, 2025, but specific financial data and key metrics were not disclosed during the meeting [1][2][4]. Business Line Data and Key Metrics Changes - No specific data or key metrics related to individual business lines were provided in the meeting [1][2][4]. Market Data and Key Metrics Changes - There were no updates or changes reported regarding market data or key metrics during the meeting [1][2][4]. Company Strategy and Development Direction and Industry Competition - The meeting focused on the election of directors and approval of various proposals, indicating a commitment to governance and strategic planning, but no specific strategic initiatives or competitive positioning were discussed [4][7][9]. Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook during the meeting [1][2][4]. Other Important Information - The meeting included the election of directors, approval of executive compensation, and amendments to equity incentive plans, reflecting ongoing corporate governance practices [4][9][12]. Q&A Session Summary - There were no questions submitted during the meeting, indicating a lack of engagement or inquiries from stockholders [10].

Financial Data and Key Metrics Changes - ANSYS reported an annual contract value growth of 15% in constant currency for FY 2025, indicating strong performance compared to previous years [2]. Business Line Data and Key Metrics Changes - Specific business line performance metrics were not detailed in the provided content, thus no summary can be made in this section. Market Data and Key Metrics Changes - No specific market data or key metrics changes were mentioned in the provided content. Company Strategy and Development Direction and Industry Competition - The management emphasized the importance of aligning executive compensation with market practices and performance, indicating a focus on attracting and retaining qualified leaders to enhance shareholder value [32]. Management Comments on Operating Environment and Future Outlook - Management expressed pride in the accomplishments of the company over the past year and highlighted the dedication of employees as a key factor in the company's success [2]. Other Important Information - The company held its Annual Meeting of Stockholders on June 27, 2025, with a quorum established as 89.94% of the voting power represented [8]. - The board of directors was successfully elected for one-year terms, and the selection of Deloitte and Touche LLP as the independent registered public accounting firm for FY 2025 was ratified with approximately 93.81% approval [22][23]. Q&A Session Summary Question: Can you comment on the executive compensation in the related advisory proposal? - The compensation committee, composed entirely of independent directors, engages with independent third-party advisers to evaluate executive compensation, ensuring alignment with market practices and a pay-for-performance philosophy [32].

Financial Data and Key Metrics Changes - Net sales increased by 4.6% to $346.6 million, primarily driven by $22 million of inorganic sales from the acquisition of UW Solutions [12] - Adjusted EBITDA margin decreased to 9.9%, primarily due to a less favorable mix and higher aluminum costs [13] - Adjusted diluted EPS declined to $0.56, driven by lower adjusted EBITDA, higher interest expense, and a higher adjusted effective tax rate [13] Business Line Data and Key Metrics Changes - Metals segment net sales declined by 3.4%, with adjusted EBITDA margin decreasing to 7.3% due to a less favorable mix and higher aluminum costs [13] - Services segment achieved a 7.6% increase in net sales, marking its fifth consecutive quarter of growth, although adjusted EBITDA margin decreased to 5.7% due to higher tariff expenses [14] - Glass segment net sales declined, with adjusted EBITDA margin moderating from elevated levels due to reduced volume from lower end market demand [14] - Performance Surfaces segment saw increased net sales driven by inorganic contributions from UW Solutions, with adjusted EBITDA margin declining to 18.8% [14] Market Data and Key Metrics Changes - The revenue pipeline for Glass is improving, positioning the segment for growth beginning in Q3 and into Q4 [8] - Metals showed solid sequential improvement from Q4, with expectations for continued improvement in Q2 [8][41] Company Strategy and Development Direction - The company is focusing on operational improvements and tariff mitigation efforts, with aggressive actions under Project Fortify expected to drive annualized savings of $13 million to $15 million [7][10] - The company is actively pursuing M&A opportunities to diversify its business mix and enhance growth prospects [11][18] Management's Comments on Operating Environment and Future Outlook - Management raised the fiscal year outlook for net sales and adjusted diluted EPS, expecting a strong second half driven by Performance Surfaces and improved glass results [11][19] - Management acknowledged ongoing market challenges but emphasized a focus on controllable factors to improve outlook [10] Other Important Information - The company expects net sales for the fiscal year to be in the range of $1.4 billion to $1.44 billion, with adjusted diluted EPS between $3.8 and $4.2 [16] - The unfavorable EPS impact from tariffs is estimated to be $0.35 to $0.45, primarily affecting the first half of the fiscal year [16] Q&A Session Summary Question: Can you elaborate on the glass business and the revenue pipeline? - Management noted good visibility six months out and mentioned a pivot to smaller jobs to fill gaps in market softness, with increasing confidence in quote activity and award rates [24][25] Question: What are the segment margin targets for different business groups? - Management indicated that metals and services face headwinds from tariffs, and while they may struggle to reach the bottom of their target ranges, they expect improvement in the second half [30][31] Question: What is driving the sequential improvement in the metals segment? - Management highlighted operational improvements and regaining customer confidence as key factors driving month-to-month sequential improvement [41][43] Question: What is the status of Project Fortify Phase two? - Management confirmed minimal savings in Q1, with more significant savings expected to materialize in Q2 [48] Question: Can you quantify the EPS impact from tariffs in Q1? - Management stated that the impact was initially estimated at $0.45 to $0.55, but has been revised to $0.35 to $0.45 for the full year, with favorable trends noted in Q1 [49][50]

Financial Data and Key Metrics Changes - In Q4 FY2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase year-over-year [8] - Adjusted EBITDA was $4 million, reflecting a 158% increase compared to the prior year quarter [8] - For the full fiscal year, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The streaming, digital, and podcast revenues were significant contributors to growth, particularly driven by the success of "Terrifier 3" [9] - The company has reorganized its technology business into a separate group to enhance focus and growth [10] - Podcast revenues increased by 57% over the prior year due to a diverse content slate and increased advertiser demand [27] Market Data and Key Metrics Changes - ScreenBlock's subscribers grew by 31% since the home premiere of "Terrifier 3" [26] - The company reported over 3.2 billion minutes streamed across its services, a 45% increase year-over-year [29] - The total subscriber count across the portfolio reached approximately 1.42 million, with a 4% year-over-year increase [29] Company Strategy and Development Direction - The company aims to build a high-growth, high-profit theatrical releasing business by following successful strategies used for "Terrifier" films [9] - A focus on expanding into family films, fantasy, and comedy genres is planned, alongside the current horror focus [53] - The technology division is set to leverage AI and proprietary technology to enhance operational efficiency and market positioning [39][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding operating margin targets of 45% to 50% in future quarters [55] - The company is optimistic about the potential for significant revenue from its technology products, particularly MatchPoint [46] - Management highlighted the importance of adapting to the changing advertising environment and focusing on direct sales strategies [31] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The upcoming film releases include "The Toxic Avenger," "Silent Night, Deadly Night," and "Return to Silent Hill," all with low investment thresholds [12][14] Q&A Session Summary Question: Future film releases and licensing opportunities - Management indicated plans to expand the film slate and engage in discussions regarding pay deals as more films are added [53] Question: Profitability and operating margins - Management confirmed confidence in maintaining strong operating margins, especially with successful film releases [55] Question: Pipeline opportunities for MatchPoint - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [61][62] Question: Podcast monetization strategies - The company is seeing higher CPMs for podcasts compared to CTV, with a focus on larger brand advertisers [70]

Financial Data and Key Metrics Changes - In Q4 2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase from the prior year [8][22] - Adjusted EBITDA was $4 million, reflecting a 158% increase over the prior year quarter [8][22] - For the full fiscal year 2025, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The growth was driven by all key lines of business, particularly streaming, digital, and podcast revenues [9] - The streaming business saw a 31% increase in subscribers following the success of "Terrifier 3" [27] - Podcast revenues increased by 57% over the prior year due to a more diverse content slate and increased advertiser demand [28] Market Data and Key Metrics Changes - The company reported a direct operating margin of 55% for Q4, exceeding the target of 45% to 50% [22] - SG&A expenses decreased to $5.4 million, representing 35% of revenues, a significant improvement from 69% in the prior year [23] Company Strategy and Development Direction - The company aims to build a high growth, high profit, low risk theatrical releasing business by following successful acquisition and marketing strategies [10] - A reorganization was implemented to focus on the streaming, content management, and AI technology, establishing a separate technology business group [11] - The company plans to expand its film slate to include genres beyond horror, such as family films and fantasy [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding the operating margin target of 45% to 50% going forward [57] - The company is optimistic about the future, with plans to leverage its unique assets and successful film releases to drive growth [10][39] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The company is exploring licensing opportunities for AI training and expects traction in that area later this year [39] Q&A Session Summary Question: Plans for future film releases and licensing opportunities - Management indicated that more films will be announced soon, expanding from horror to family and fantasy genres [55] Question: Profitability and operating margins - Management confirmed a solid operating margin of 55% and expressed confidence in meeting future margin targets [57] Question: Pipeline opportunities for technology products - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [62][66] Question: Podcast monetization strategy - The company is seeing higher CPMs for podcasts compared to CTV, with average deal sizes in the low six figures [71]

Financial Data and Key Metrics Changes - Net sales increased by 4.6% to $346.6 million, primarily driven by $22 million of inorganic sales from the acquisition of UW Solutions [10][11] - Adjusted EBITDA margin decreased to 9.9%, primarily due to a less favorable mix and higher aluminum costs [11] - Adjusted diluted EPS declined to $0.56, driven by lower adjusted EBITDA, higher interest expense, and a higher adjusted effective tax rate [11][12] Business Line Data and Key Metrics Changes - Metals segment net sales declined by 3.4%, with adjusted EBITDA margin decreasing to 7.3% due to a less favorable mix and higher aluminum costs [11][12] - Services segment achieved a 7.6% increase in net sales, marking its fifth consecutive quarter of growth, although adjusted EBITDA margin decreased to 5.7% due to higher tariff expenses [12] - Glass segment net sales declined, with adjusted EBITDA margin moderating due to reduced volume from lower end market demand [12] - Performance Surfaces segment saw net sales increase, driven by inorganic sales from UW Solutions, but adjusted EBITDA margin declined to 18.8% due to lower margins from UW Solutions [12] Market Data and Key Metrics Changes - The revenue pipeline for Glass is improving, positioning the segment for growth beginning in Q3 and Q4 [7][10] - Metals showed sequential improvement from Q4, with expectations for continued improvement in Q2 [6][11] Company Strategy and Development Direction - The company is focusing on operational improvements and cost mitigation strategies, particularly through Project Fortify Phase two, which is expected to drive annualized savings of $13 million to $15 million [6][10] - The company is actively pursuing M&A opportunities to diversify its business mix and enhance growth prospects [8][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in building momentum for the second half of the fiscal year, driven by improvements in metals, growth in glass revenues, and strong organic growth in Performance Surfaces [17] - The company raised its fiscal year outlook for net sales and adjusted diluted EPS, expecting net sales in the range of $1.4 billion to $1.44 billion and adjusted diluted EPS between $3.8 and $4.2 [14][17] Other Important Information - The company is experiencing challenges due to increased tariffs but is implementing successful mitigation plans [6][10] - The balance sheet remains strong, with a consolidated leverage ratio of 1.6 and no near-term debt maturities [13] Q&A Session Summary Question: Can you elaborate on the glass business and the revenue pipeline? - Management noted good visibility six months out and mentioned a pivot to smaller jobs to fill gaps due to market softness, with improved quote activity and award rates [22][24] Question: What is the outlook for segment margin targets? - Management indicated that metals and services face headwinds due to tariffs, and while they hope to reach the bottom of their target ranges, it may be challenging in the first half [28][30] Question: What is driving the sequential improvement in the metals segment? - Management highlighted operational improvements and regaining customer confidence as key factors driving sales and margin improvements [40][42] Question: What is the status of Project Fortify Phase two? - Minimal savings were seen in Q1, with more expected to materialize in Q2, particularly following the closure of a Canadian facility [45][47] Question: Can you quantify the EPS impact from tariffs in Q1? - The impact was initially estimated at $0.45 to $0.55, but was updated to $0.35 to $0.45 for the full year, with a favorable trend noted in Q1 [48][50] Question: How is the M&A pipeline being affected by the current environment? - Management stated that while M&A activity has slowed due to macro issues, they continue to focus on strategic targets identified over the past two years [63][65]

Financial Data and Key Metrics Changes - Enerpac's revenue increased by 6% year-over-year to $159 million in Q3 2025, marking record third-quarter revenue since the company's relaunch in 2019 [4][6] - Organic growth, adjusted for foreign exchange and the acquisition of DTA, was 2% [6] - Adjusted earnings per share rose by 9% to $0.51, driven by higher earnings, a lower effective tax rate, and a reduced share count [14] - Adjusted EBITDA increased by 3.4%, with the margin declining by 50 basis points year-over-year to 25.9% due to service project mix and the inclusion of DTA [13][14] - Gross profit margin declined by 140 basis points year-over-year to 50.4% [11] Business Line Data and Key Metrics Changes - The IT and S business saw a 1.5% organic revenue increase year-over-year, with product sales growing by 1% and services by 3% [6] - Cortland Biomedical reported a 19% growth, driven by strong performance in diagnostics, bioprocessing, and robotic surgery [8] Market Data and Key Metrics Changes - The Americas region experienced high single-digit organic growth, driven by demand in aerospace, infrastructure, and nuclear service sectors [9] - The APAC region achieved mid single-digit growth, particularly in heavy lifting technology, benefiting from major rail projects and solar farm opportunities [10] - The EMEA region faced a high single-digit decline, primarily due to a drop in the heavy lifting technology business, although infrastructure and defense markets showed strength [11] Company Strategy and Development Direction - The company is focused on advancing its innovation strategy and has invested in a new innovation lab to enhance R&D capabilities [20] - Enerpac aims to remain price cost neutral amidst tariff impacts and is actively managing expenses to align with market conditions [18][19] - The acquisition of DTA is seen as a strategic move to enhance Enerpac's heavy lifting technology offerings [21] Management's Comments on Operating Environment and Future Outlook - Management expressed caution entering Q4 due to increasing economic and geopolitical uncertainty but remains confident in outperforming industrial peers [5] - The company anticipates delivering towards the lower half of its fiscal 2025 revenue guidance due to current macroeconomic conditions [14] Other Important Information - The company recorded a restructuring charge of $5.9 million, primarily for severance, to right-size its cost structure [12] - Enerpac's net debt was $50 million, resulting in a net debt to adjusted EBITDA ratio of 0.4, indicating a strong balance sheet [15] Q&A Session Summary Question: Customer reactions to tariffs and macro uncertainty - Management noted that while customers are cautious, there have not been significant project cancellations, and underlying investment needs remain [25][26] Question: Revenue pull-forward in anticipation of tariffs - Management indicated there was some minor buying in anticipation of pricing actions, but nothing significant was observed [27] Question: Details on restructuring actions and anticipated cost savings - The restructuring was a response to global uncertainty, with a focus on automation and process standardization to improve efficiency [29][30] Question: Impact of pricing actions on revenue - Pricing actions taken in March and May began to show effects in Q3, with more significant impacts expected in Q4 [36] Question: North American performance drivers - Management highlighted strong performance in aerospace and other diversified end markets as key drivers of growth [38] Question: Outlook for the wind business amid renewable energy credit concerns - Management remains optimistic about the wind market, noting ongoing projects and favorable demand profiles [40] Question: M&A appetite in the current environment - Management confirmed continued focus on M&A as part of growth strategy, with active engagement in discussions with potential sellers [42] Question: Net impact of tariffs expected in Q4 and fiscal 2026 - Management aims to remain price cost neutral despite tariff impacts, with ongoing adjustments to pricing strategies [49] Question: DTA sales performance and guidance - Management expects DTA to come in slightly below original revenue guidance but noted strong order growth and successful cross-selling efforts [51][52] Question: Scalability of the new innovation lab - Management expressed excitement about the new lab's capabilities, which are expected to significantly reduce time to market for new products [60][61]

Financial Data and Key Metrics Changes - Enerpac's revenue increased by 6% year-over-year to $159 million in Q3 2025, marking record revenue since the company's relaunch in 2019 [5][7] - Organic growth, adjusted for foreign exchange and the acquisition of DTA, was 2% [7] - Adjusted EBITDA increased by 3.4%, with a margin decline of 50 basis points year-over-year to 25.9% [13] - Adjusted earnings per share rose by 9% to $0.51, driven by higher earnings and a lower effective tax rate [14] Business Line Data and Key Metrics Changes - The IT and S business saw a 1.5% organic revenue increase year-over-year, with product sales growing by 1% and services by 3% [7][8] - Cortland Biomedical reported a 19% growth, driven by strong performance in diagnostics, bioprocessing, and robotic surgery [8] - The Americas region experienced high single-digit organic growth, particularly in aerospace and infrastructure sectors [9] Market Data and Key Metrics Changes - The APAC region achieved mid single-digit growth, with notable strength in heavy lifting technology and major rail projects in Thailand, Japan, and The Philippines [10] - The EMEA region faced a high single-digit decline, primarily due to a drop in the heavy lifting technology business, although infrastructure and defense markets showed strength [11] Company Strategy and Development Direction - The company is focused on advancing its innovation strategy and has invested in a new innovation lab to enhance R&D capabilities [21] - Enerpac aims to remain price cost neutral amid tariff impacts and is actively managing expenses to align with market conditions [19][20] - The acquisition of DTA is expected to enhance Enerpac's product offerings and operational capabilities, with strong order growth anticipated [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed caution entering Q4 due to economic and geopolitical uncertainties but remains confident in outperforming industrial peers [6] - The company is monitoring customer reactions to tariffs and macroeconomic conditions, noting no significant project cancellations [28][29] - Future revenue guidance for fiscal 2025 remains at $610 million to $625 million, with expectations to deliver towards the lower half of the range [14] Other Important Information - Gross profit margin declined by 140 basis points year-over-year to 50.4%, attributed to service project mix and the inclusion of DTA [11][12] - Net debt stood at $50 million, with a net debt to adjusted EBITDA ratio of 0.4, indicating a strong balance sheet [15] - The company repurchased approximately 330,000 shares for $14 million during the quarter [16] Q&A Session Summary Question: Customer reactions to tariffs and macro uncertainty - Management noted that while customers are cautious, there have been no significant project cancellations, and underlying investment needs remain [28][29] Question: Revenue pull-forward in anticipation of tariffs - Management indicated there was some minor buying activity but nothing significant [30] Question: Details on restructuring actions and anticipated cost savings - Restructuring included severance and a noncash lease impairment charge, aimed at improving efficiency and cost structure [32][33] Question: Impact of pricing actions taken - Pricing actions were implemented in March and May, with expected positive impacts in the upcoming quarter [39] Question: North American performance drivers - Management highlighted diversified end markets, with aerospace and infrastructure contributing to high single-digit growth [40][41] Question: Outlook for the wind market - Management remains optimistic about the wind market, noting ongoing projects and favorable demand profiles [43][44] Question: M&A appetite in the current environment - Management confirmed continued focus on M&A as part of growth strategy, with active engagement in discussions [46][47] Question: Tariff impact on DTA's cross-selling ability - Management acknowledged that DTA products would be subject to tariffs but noted strong demand from US customers [57][58] Question: Context around the new innovation lab - The new lab is expected to significantly reduce time to market for new products, enhancing overall innovation capabilities [66][67]

Financial Data and Key Metrics Changes - Revenue reached HKD 13.3 billion, a 12.9% decrease compared to the same period last year, primarily due to a decline in sales of gold products caused by high gold prices [6] - The group's profit for the year decreased by 39.3% to HKD 1 billion, with basic earnings per share decreasing by 37.9% to HKD 1.87 [6][7] - Total operating expenses increased by 13.7% to around HKD 2.6 billion, leading to an increase in the ratio of total operating expenses to revenue by 4.6 percentage points to 19.6% [8][27] - The group's NAV per share was HKD 22.38, a 2.2% increase from the same period last year [11] Business Line Data and Key Metrics Changes - Retailing revenue decreased by 13.5% to HKD 11.1 billion, accounting for 82.7% of the group's total revenue, with segment profit decreasing by 17.7% to HKD 1 billion [14] - Licensing income decreased by 12.6% to HKD 904 million, accounting for 6.8% of the group's total revenue [16] - Wholesaling revenue declined by 8.8% to HKD 1.4 billion, accounting for 10.5% of the group's total revenue, with segment profit decreasing to HKD 14 million [15] Market Data and Key Metrics Changes - Revenue from Hong Kong, Macau, and overseas markets decreased by 19.6% to HKD 8.07 billion, accounting for 60.5% of the group's revenue [11] - Revenue from the Mainland market decreased by 0.2% to RMB 5.3 billion, accounting for 59.5% of the group's total revenue, with segment profit decreasing by 40.7% to HKD 577 million [12] - Retailing revenue in Mainland increased by 10.4% to HKD 3.1 billion, accounting for 59.9% of Mainland market's total [21] Company Strategy and Development Direction - The group has set a new three-year corporate strategy focusing on overseas market expansion, market-oriented products, and operational efficiency enhancements [29] - Plans to enter three more countries and establish 50 new overseas shops within the next three years [29] - The group aims to net 50 shops in the Mainland market and approximately 20 shops in overseas markets in financial year 2026 [31] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about medium to long-term business prospects in the Mainland and expects improvement in the Hong Kong market [30][52] - The group anticipates a rebound in sales performance in the Mainland market due to new product launches and effective marketing strategies [48][52] - Management noted that the high gold prices have affected consumer sentiment but expect sales of gold products to normalize as consumers adapt [41][42] Other Important Information - The average international gold price increased nearly 30% year on year, impacting sales of gold and platinum products [17] - The group has integrated ESG principles into its corporate planning and received 40 awards in FY '25 [40] Q&A Session Summary Question: Can you elaborate on the recovery in sales momentum for Mainland China? - Management noted strong performance in fixed price gold jewelry products due to new collections and effective promotions, with a new ambassador contributing positively [48][49][51] Question: What is the ASP trend for fixed price gold products? - The contribution of fixed price gold products to overall retailing revenue increased from 33% to 54%, with expectations for continued growth [56][66] Question: What is the guidance for same store sales growth and profitability? - Management expects double-digit growth for same store sales across all regions in FY 2026, with a stable gold hedging ratio maintained around 20% to 27% [61][62]

Financial Data and Key Metrics Changes - Revenue reached HKD 13.3 billion, a 12.9% decrease compared to the same period last year, primarily due to a decline in sales of gold products caused by high gold prices [5] - The group's profit for the year decreased by 39.3% to HKD 1 billion, with basic earnings per share decreasing by 37.9% to HKD 1.87 [6] - Proposed final dividend of HKD 0.55 per share, with an annual dividend of HKD 1.1 per share and a dividend payout ratio of 59% [6] - Total operating expenses increased by 13.7% to around HKD 2.6 billion, leading to an increase in the ratio of total operating expenses to revenue by 4.6 percentage points to 19.6% [7][27] Business Line Data and Key Metrics Changes - Retailing revenue decreased by 13.5% to HKD 11 billion, accounting for 82.7% of the group's total revenue, with segment profit decreasing by 17.7% to HKD 1 billion [13] - Licensing income decreased by 12.6% to HKD 904 million, accounting for 6.8% of the group's total revenue [15] - Wholesaling revenue decreased by 8.8% to HKD 1.4 billion, accounting for 10.5% of the group's total revenue, with segment profit decreasing to HKD 14 million [14] Market Data and Key Metrics Changes - Revenue from Hong Kong, Macau, and overseas markets decreased by 19.6% to HKD 8.07 billion, accounting for 60.5% of the group's revenue [10] - Revenue from the Mainland market decreased by 0.2% to RMB 5.3 billion, accounting for 59.5% of the group's total revenue [11] - Retailing revenue in Mainland increased by 10.4% to HKD 3.1 billion, accounting for 59.9% of Mainland market's total [21] Company Strategy and Development Direction - The group has set a new three-year corporate strategy focusing on overseas market expansion, market-oriented products, and operational efficiency enhancements [29] - Plans to enter three more countries and establish 50 new overseas shops within the next three years [30] - Commitment to developing e-commerce business and optimizing its own platforms to sustain growth in e-commerce revenue [30] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about medium to long-term business prospects in Mainland and plans to continue expanding in the Mainland market [31] - The group expects same store sales growth across all regions to be in the double digits for FY 2026 [63] - Management noted that high gold prices may affect sales performance, but increased profit margins will help mitigate the impact of declining sales [42] Other Important Information - The average international gold price increased nearly 30% year on year, affecting consumer sentiment and leading to a 15% decrease in sales of gold and platinum products by weight [16] - The group aims to net 50 shops in the Mainland market in FY 2026 and is optimistic about growth potential in overseas markets [31] Q&A Session Summary Question: Can you elaborate on the recovery in sales momentum for Mainland China? - Management noted strong performance in fixed price gold jewelry products due to new collections and effective promotions, with a new ambassador contributing positively to sales [49][50] Question: What is the ASP trend for fixed price gold products? - The contribution of fixed price gold products to overall retailing revenue increased from 33% to 54%, with expectations for continued growth [56][68] Question: What is the guidance for same store sales growth and profitability? - Management expects double-digit growth in same store sales across all regions for FY 2026, with a stable gold hedging ratio maintained [63][61]