Valuetronics BN2
Financials
Annual Report 2026
Explore the statements
9 tablesConsolidated Statement of Comprehensive Income
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Consolidated Statement of Comprehensive Income | |||
| RevenueHK$’000 | 1,660,246 | 1,729,070 | PDF p. 49 |
| Cost of salesHK$’000 | (1,348,121) | (1,435,348) | PDF p. 49 |
| Gross profitHK$’000 | 312,125 | 293,722 | PDF p. 49 |
| Selling and distribution expensesHK$’000 | (21,421) | (18,488) | PDF p. 49 |
| Administrative expensesHK$’000 | (162,954) | (157,917) | PDF p. 49 |
| Impairment loss on property, plant and equipment and related lease receivableHK$’000 | (45,000) | – | PDF p. 49 |
| Impairment losses on financial assetsHK$’000 | (2,177) | – | PDF p. 49 |
| Gain on deemed disposal of a subsidiaryHK$’000 | 9,401 | – | PDF p. 49 |
| Other income and gains, netHK$’000 | 46,816 | 58,034 | PDF p. 49 |
| Operating profitHK$’000 | 136,790 | 175,351 | PDF p. 49 |
| Share of loss of an associateHK$’000 | (5,390) | – | PDF p. 49 |
| Finance costsHK$’000 | (682) | (620) | PDF p. 49 |
| Profit before income taxHK$’000 | 130,718 | 174,731 | PDF p. 49 |
| Income tax expenseHK$’000 | (19,277) | (8,244) | PDF p. 49 |
| Profit for the yearHK$’000 | 111,441 | 166,487 | PDF p. 49 |
| Attributable to | |||
| Owners of the CompanyHK$’000 | 117,123 | 170,387 | PDF p. 49 |
| Non-controlling interestsHK$’000 | (5,682) | (3,900) | PDF p. 49 |
| SubtotalHK$’000 | 111,441 | 166,487 | PDF p. 49 |
| Earnings per share for profit attributable to owners of the Company for the year | |||
| – BasicHK cents | 28.7 | 41.6 | PDF p. 49 |
| – DilutedHK cents | 28.6 | 41.5 | PDF p. 49 |
Definitions & sources
Original report: PDF p. 49 ↗
Table unit is HK$’000 except earnings per share, printed in HK cents.
Consolidated Statement of Comprehensive Income — Other Comprehensive Income
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Consolidated Statement of Comprehensive Income — Other Comprehensive Income | |||
| Profit for the yearHK$’000 | 111,441 | 166,487 | PDF p. 50 |
| Other comprehensive income, net of tax; items that may be reclassified to profit or loss | |||
| Currency translation differencesHK$’000 | 7,592 | (13,333) | PDF p. 50 |
| Consolidated Statement of Comprehensive Income — Other Comprehensive Income | |||
| Total comprehensive income for the yearHK$’000 | 119,033 | 153,154 | PDF p. 50 |
| Attributable to | |||
| Owners of the CompanyHK$’000 | 124,715 | 157,054 | PDF p. 50 |
| Non-controlling interestsHK$’000 | (5,682) | (3,900) | PDF p. 50 |
| SubtotalHK$’000 | 119,033 | 153,154 | PDF p. 50 |
Definitions & sources
Original report: PDF p. 50 ↗
Continuation page; amounts are HK$’000.
Statements of Financial Position
31 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentHK$’000 | 365,965 | 272,452 | – | – | PDF p. 51 |
| Intangible assetsHK$’000 | – | 5,565 | – | – | PDF p. 51 |
| Right-of-use assetsHK$’000 | 37,636 | 38,271 | – | – | PDF p. 51 |
| Investment in subsidiariesHK$’000 | – | – | 83,330 | 83,330 | PDF p. 51 |
| Investment in an associateHK$’000 | – | – | – | – | PDF p. 51 |
| Deferred tax assetsHK$’000 | 606 | 606 | – | – | PDF p. 51 |
| Financial assets at fair value through profit or lossHK$’000 | 12,445 | 14,159 | – | – | PDF p. 51 |
| Other non-current assetsHK$’000 | 9,410 | 178,011 | – | – | PDF p. 51 |
| Non-current assets subtotal | |||||
| SubtotalHK$’000 | 426,062 | 509,064 | 83,330 | 83,330 | PDF p. 51 |
| Current assets | |||||
| InventoriesHK$’000 | 198,915 | 171,748 | – | – | PDF p. 51 |
| Trade receivablesHK$’000 | 304,196 | 373,420 | – | – | PDF p. 51 |
| Other receivablesHK$’000 | 11,476 | 9,204 | – | – | PDF p. 51 |
| Prepayments and other current assetsHK$’000 | 29,625 | 26,518 | 325 | 334 | PDF p. 51 |
| Due from subsidiariesHK$’000 | – | – | 575,174 | 499,934 | PDF p. 51 |
| Cash and cash equivalentsHK$’000 | 1,213,779 | 1,093,812 | 7,286 | 4,692 | PDF p. 51 |
| Current assets subtotal | |||||
| SubtotalHK$’000 | 1,757,991 | 1,674,702 | 582,785 | 504,960 | PDF p. 51 |
| Total assets | |||||
| Total assetsHK$’000 | 2,184,053 | 2,183,766 | 666,115 | 588,290 | PDF p. 51 |
| Equity | |||||
| Share capitalHK$’000 | 43,563 | 43,563 | 43,563 | 43,563 | PDF p. 51 |
| Treasury sharesHK$’000 | (80,616) | (80,099) | (80,616) | (80,099) | PDF p. 51 |
| ReservesHK$’000 | 1,506,337 | 1,490,243 | 700,547 | 623,547 | PDF p. 51 |
| Equity attributable to owners of the CompanyHK$’000 | 1,469,284 | 1,453,707 | 663,494 | 587,011 | PDF p. 51 |
| Non-controlling interestsHK$’000 | – | 2,400 | – | – | PDF p. 51 |
| Total equity | |||||
| Total equityHK$’000 | 1,469,284 | 1,456,107 | 663,494 | 587,011 | PDF p. 51 |
| Non-current liabilities | |||||
| Contract liabilitiesHK$’000 | 5,360 | 5,818 | – | – | PDF p. 51 |
| Current liabilities | |||||
| Trade payablesHK$’000 | 231,434 | 273,630 | – | – | PDF p. 51 |
| Other payables and accrualsHK$’000 | 399,332 | 379,946 | 2,621 | 1,279 | PDF p. 51 |
| Contract liabilitiesHK$’000 | 8,565 | 16,722 | – | – | PDF p. 51 |
| Current income tax liabilitiesHK$’000 | 70,078 | 51,543 | – | – | PDF p. 51 |
| Current liabilities subtotal | |||||
| SubtotalHK$’000 | 709,409 | 721,841 | 2,621 | 1,279 | PDF p. 51 |
| Total liabilities | |||||
| Total liabilitiesHK$’000 | 714,769 | 727,659 | 2,621 | 1,279 | PDF p. 51 |
| Total equity and liabilities | |||||
| Total equity and liabilitiesHK$’000 | 2,184,053 | 2,183,766 | 666,115 | 588,290 | PDF p. 51 |
Definitions & sources
Original report: PDF p. 51 ↗
Group then Company columns; each scope has 2026 and 2025. Amounts are HK$’000. Unlabelled subtotal rows are retained with blank original_label.
Consolidated Statement of Changes in Equity — FY2026
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026GroupShare capital | 2026GroupTreasury shares | 2026GroupShare premium | 2026GroupShare-based compensation reserve | 2026GroupCurrency translation reserve | 2026GroupStatutory reserve | 2026GroupRetained earnings | 2026GroupTotal reserves | 2026GroupTotal attributable to owners of the Company | 2026GroupNon-controlling interests | 2026GroupTotal shareholders’ equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Statement of Changes in Equity — FY2026 | ||||||||||||
| Balance at 1 April 2025HK$’000 | 43,563 | (80,099) | 169,221 | 14,772 | (19,907) | 5,506 | 1,320,651 | 1,490,243 | 1,453,707 | 2,400 | 1,456,107 | PDF p. 52 |
| Total comprehensive income for the yearHK$’000 | – | – | – | – | 7,592 | – | 117,123 | 124,715 | 124,715 | (5,682) | 119,033 | PDF p. 52 |
| Dividends paid (Note 12)HK$’000 | – | – | – | – | – | – | (110,330) | (110,330) | (110,330) | – | (110,330) | PDF p. 52 |
| Share-based compensationHK$’000 | – | – | – | 1,894 | – | – | – | 1,894 | 1,894 | – | 1,894 | PDF p. 52 |
| Purchase of treasury shares (Note 26)HK$’000 | – | (14,345) | – | – | – | – | – | – | (14,345) | – | (14,345) | PDF p. 52 |
| Exercise of share optionHK$’000 | – | 13,828 | 5,342 | (5,398) | – | – | – | (56) | 13,772 | – | 13,772 | PDF p. 52 |
| Forfeiture of share optionHK$’000 | – | – | – | (129) | – | – | – | (129) | (129) | – | (129) | PDF p. 52 |
| Deemed disposal of non-controlling interestsHK$’000 | – | – | – | – | – | – | – | – | – | 3,282 | 3,282 | PDF p. 52 |
| SubtotalHK$’000 | – | (517) | 5,342 | (3,633) | 7,592 | – | 6,793 | 16,094 | 15,577 | (2,400) | 13,177 | PDF p. 52 |
| Balance at 31 March 2026HK$’000 | 43,563 | (80,616) | 174,563 | 11,139 | (12,315) | 5,506 | 1,327,444 | 1,506,337 | 1,469,284 | – | 1,469,284 | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
Amounts are HK$’000. Column order is printed left-to-right in the rotated financial statement. Image was rotated clockwise for OCR; original page orientation is unchanged.
Consolidated Statement of Changes in Equity — FY2025 comparative
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupTreasury shares | 2025GroupShare premium | 2025GroupShare-based compensation reserve | 2025GroupCurrency translation reserve | 2025GroupStatutory reserve | 2025GroupRetained earnings | 2025GroupTotal reserves | 2025GroupTotal attributable to owners of the Company | 2025GroupNon-controlling interests | 2025GroupTotal shareholders’ equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Statement of Changes in Equity — FY2025 comparative | ||||||||||||
| Balance at 1 April 2024HK$’000 | 43,563 | (78,986) | 164,515 | 18,494 | (6,574) | 5,506 | 1,253,065 | 1,435,006 | 1,399,583 | – | 1,399,583 | PDF p. 53 |
| Total comprehensive income for the yearHK$’000 | – | – | – | – | (13,333) | – | 170,387 | 157,054 | 157,054 | (3,900) | 153,154 | PDF p. 53 |
| Dividends paid (Note 12)HK$’000 | – | – | – | – | – | – | (102,801) | (102,801) | (102,801) | – | (102,801) | PDF p. 53 |
| Share-based compensationHK$’000 | – | – | – | 1,733 | – | – | – | 1,733 | 1,733 | – | 1,733 | PDF p. 53 |
| Purchase of treasury shares (Note 26)HK$’000 | – | (13,831) | – | – | – | – | – | – | (13,831) | – | (13,831) | PDF p. 53 |
| Exercise of share optionHK$’000 | – | 12,718 | 4,706 | (5,229) | – | – | – | (523) | 12,195 | – | 12,195 | PDF p. 53 |
| Forfeiture of share optionHK$’000 | – | – | – | (226) | – | – | – | (226) | (226) | – | (226) | PDF p. 53 |
| Capital injection from non-controlling interestsHK$’000 | – | – | – | – | – | – | – | – | – | 6,300 | 6,300 | PDF p. 53 |
| SubtotalHK$’000 | – | (1,113) | 4,706 | (3,722) | (13,333) | – | 67,586 | 55,237 | 54,124 | 2,400 | 56,524 | PDF p. 53 |
| Balance at 31 March 2025HK$’000 | 43,563 | (80,099) | 169,221 | 14,772 | (19,907) | 5,506 | 1,320,651 | 1,490,243 | 1,453,707 | 2,400 | 1,456,107 | PDF p. 53 |
Definitions & sources
Original report: PDF p. 53 ↗
Amounts are HK$’000. Comparative movement schedule printed on physical page 53; table includes row-specific dates through 31 March 2025.
Consolidated Statement of Cash Flows
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before income taxHK$’000 | 130,718 | 174,731 | PDF p. 54 |
| Adjustments for | |||
| Depreciation on right-of-use assetsHK$’000 | 1,031 | 1,049 | PDF p. 54 |
| Depreciation on property, plant and equipmentHK$’000 | 45,613 | 42,353 | PDF p. 54 |
| Amortisation on intangible assetsHK$’000 | 677 | 735 | PDF p. 54 |
| Impairment loss on property, plant and equipment and related lease receivableHK$’000 | 45,000 | – | PDF p. 54 |
| Impairment losses on financial assetsHK$’000 | 2,177 | – | PDF p. 54 |
| Gain on disposals of property, plant and equipmentHK$’000 | (55) | (454) | PDF p. 54 |
| Gain on investment of financial assets at fair value through profit or lossHK$’000 | – | (374) | PDF p. 54 |
| Gain on deemed disposal of a subsidiaryHK$’000 | (9,401) | – | PDF p. 54 |
| Share of loss of an associateHK$’000 | 5,390 | – | PDF p. 54 |
| Fair value loss on financial assets at fair value through profit or lossHK$’000 | – | 4,563 | PDF p. 54 |
| Share-based compensation expenseHK$’000 | 1,765 | 1,507 | PDF p. 54 |
| Interest income, netHK$’000 | (40,803) | (52,719) | PDF p. 54 |
| Operating cash flows subtotal | |||
| SubtotalHK$’000 | 182,112 | 171,391 | PDF p. 54 |
| Changes in working capital | |||
| InventoriesHK$’000 | (27,167) | 1,302 | PDF p. 54 |
| Trade receivablesHK$’000 | 69,204 | 8,485 | PDF p. 54 |
| Other receivablesHK$’000 | (4,226) | (2,155) | PDF p. 54 |
| Prepayments and other current assetsHK$’000 | 13,906 | 1,247 | PDF p. 54 |
| Trade payablesHK$’000 | (40,350) | 36,358 | PDF p. 54 |
| Other payables and accrualsHK$’000 | 43,337 | 4,792 | PDF p. 54 |
| Contract liabilitiesHK$’000 | (8,615) | (4,286) | PDF p. 54 |
| Cash flows from operating activities | |||
| Net cash generated from operationsHK$’000 | 228,201 | 217,134 | PDF p. 54 |
| Income tax paidHK$’000 | (2,791) | (9,204) | PDF p. 54 |
| Net cash generated from operating activitiesHK$’000 | 225,410 | 207,930 | PDF p. 54 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentHK$’000 | (46,994) | (228,012) | PDF p. 54 |
| Proceeds from disposals of property, plant and equipmentHK$’000 | 65 | 669 | PDF p. 54 |
| Proceeds from refund of financial assets at fair value through profit or lossHK$’000 | 2,649 | 2,852 | PDF p. 54 |
| Net cash outflow on deemed disposal of a subsidiaryHK$’000 | (402) | – | PDF p. 54 |
| Interest receivedHK$’000 | 40,803 | 52,719 | PDF p. 54 |
| Net cash used in investing activitiesHK$’000 | (3,879) | (171,772) | PDF p. 54 |
| Cash flows from financing activities | |||
| Purchase of treasury sharesHK$’000 | (14,345) | (13,831) | PDF p. 54 |
| Dividends paid to equity holders of the CompanyHK$’000 | (110,330) | (102,801) | PDF p. 54 |
| Proceeds from shares issued in exercise of share optionsHK$’000 | 13,772 | 12,195 | PDF p. 54 |
| Net cash used in financing activitiesHK$’000 | (110,903) | (104,437) | PDF p. 54 |
| Cash reconciliation | |||
| Net increase/(decrease) in cash and cash equivalentsHK$’000 | 110,628 | (68,279) | PDF p. 54 |
| Cash and cash equivalents at beginning of the financial yearHK$’000 | 1,093,812 | 1,164,480 | PDF p. 54 |
| Effect of foreign exchange rate changesHK$’000 | 9,339 | (2,389) | PDF p. 54 |
| Cash and cash equivalents at end of the financial yearHK$’000 | 1,213,779 | 1,093,812 | PDF p. 54 |
Definitions & sources
Original report: PDF p. 54 ↗
Amounts are HK$’000. Blank original_label rows preserve unlabelled subtotals; row section identifies its location.
Five Years Summary
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2023Group | 2024Group | 2025Group | 2026Group | Source |
|---|---|---|---|---|---|---|
| Results | ||||||
| Revenue — Consumer ElectronicsHK$ million | 706.9 | 433.4 | 417.9 | 367.0 | 214.1 | PDF p. 6 |
| Revenue — Industrial & Commercial ElectronicsHK$ million | 1,320.5 | 1,580.3 | 1,252.0 | 1,362.1 | 1,446.1 | PDF p. 6 |
| Total revenueHK$ million | 2,027.4 | 2,013.7 | 1,669.9 | 1,729.1 | 1,660.2 | PDF p. 6 |
| Gross profitHK$ million | 274.8 | 261.7 | 265.2 | 293.7 | 312.1 | PDF p. 6 |
| Profit before taxHK$ million | 125.7 | 132.9 | 167.9 | 174.7 | 130.7 | PDF p. 6 |
| Profit attributable to owners of the CompanyHK$ million | 113.5 | 123.0 | 159.6 | 170.4 | 117.1 | PDF p. 6 |
| Assets & liabilities | ||||||
| Total assetsHK$ million | 2,095.7 | 2,075.9 | 2,088.9 | 2,183.8 | 2,184.1 | PDF p. 6 |
| Total liabilitiesHK$ million | 727.1 | 713.9 | 689.3 | 727.7 | 714.8 | PDF p. 6 |
| Total equityHK$ million | 1,368.6 | 1,362.0 | 1,399.6 | 1,456.1 | 1,469.3 | PDF p. 6 |
| Net cashHK$ million | 936.7 | 1,009.9 | 1,164.5 | 1,093.8 | 1,213.8 | PDF p. 6 |
| Per share data | ||||||
| Earnings per share — basicHK cents | 26.1 | 29.1 | 38.7 | 41.6 | 28.7 | PDF p. 6 |
| Dividend per shareHK cents | 14.0 | 20.0 | 25.0 | 27.0 | 38.0 | PDF p. 6 |
| Net asset value per shareHK cents | 316.9 | 329.1 | 341.9 | 355.4 | 358.5 | PDF p. 6 |
| Key ratios | ||||||
| Gross profit margin% | 13.6 | 13.0 | 15.9 | 17.0 | 18.8 | PDF p. 6 |
| Net profit margin% | 5.6 | 6.1 | 9.6 | 9.6 | 6.7 | PDF p. 6 |
| Return on assets% | 5.4 | 5.9 | 7.6 | 7.8 | 5.4 | PDF p. 6 |
| Return on equity% | 8.3 | 9.0 | 11.4 | 11.7 | 8.0 | PDF p. 6 |
| Dividend payout ratio% | 53.4 | 67.5 | 64.3 | 65.0 | 132.4 | PDF p. 6 |
Definitions & sources
Original report: PDF p. 6 ↗
Physical page 6: Five-year summary is source-ordered 2022–2026. Amounts are HK$ million, per-share data HK cents, ratios %. Superscript note markers are separate from numeric values.
(1) Net cash is calculated by cash and bank deposits minus bank borrowings and overdrafts.
(2) FY2022 dividend per share 14.0 HK cents includes an interim dividend of HK4.0 cents.
(3) FY2023 dividend per share 20.0 HK cents includes an interim dividend of HK4.0 cents and special dividend of HK6.0 cents.
(4) FY2024 dividend per share 25.0 HK cents includes an interim dividend of HK4.0 cents, special interim dividend of HK4.0 cents and special dividend of HK8.0 cents.
(5) FY2025 dividend per share 27.0 HK cents includes an interim dividend of HK4.0 cents, special interim dividend of HK4.0 cents and special dividend of HK8.0 cents.
(6) FY2026 dividend per share 38.0 HK cents includes an interim dividend of HK4.0 cents, special interim dividend of HK4.0 cents and special dividend of HK16.0 cents.
(7) Net asset value per share is based on issued share capital excluding treasury shares at the end of the year.
Revenue Contribution by Segment — FY2026 and FY2025
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY2026 | 2025Group, FY2025 | Source |
|---|---|---|---|
| Revenue contribution chart; FY2026 and FY2025 | |||
| Consumer ElectronicsHK$ million | 214.1 | 367.0 | PDF p. 7 |
| Industrial & Commercial ElectronicsHK$ million | 1,446.1 | 1,362.1 | PDF p. 7 |
Definitions & sources
Original report: PDF p. 7 ↗
Rendered chart labels visually confirm segment and year mapping. Values duplicate the five-year highlights and are included as a separate chart disclosure with no interpolation.
Revenue Contribution Percentages by Segment — FY2026 and FY2025
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY2026 | 2025Group, FY2025 | Source |
|---|---|---|---|
| Revenue contribution chart; FY2026 and FY2025 | |||
| Consumer Electronics% | 12.9 | 21.0 | PDF p. 7 |
| Industrial & Commercial Electronics% | 87.1 | 79.0 | PDF p. 7 |
Definitions & sources
Original report: PDF p. 7 ↗
Percent labels transcribed from chart.
Where the money comes from
Segment information
By business
Segment information, year ended 31 March 4 lines
| Item / unit | 2026Segment column 1 (Consumer Electronics, inferred from segment list order; column captions not printed in OCR text) | 2026Segment column 2 (Industrial and Commercial Electronics) | 2026Total | 2025Segment column 1 (Consumer Electronics, inferred from order) | 2025Segment column 2 (Industrial and Commercial Electronics) | 2025Total | Source |
|---|---|---|---|---|---|---|---|
| Year ended 31 March | |||||||
| Revenue (from external customers)HK$'000 | 214,178 | 1,446,068 | 1,660,246 | 367,009 | 1,362,061 | 1,729,070 | PDF p. 62PDF p. 63 |
| Timing of revenue recognition | |||||||
| – at a point in time (sales of goods and materials)HK$'000 | 210,510 | 1,430,363 | 1,640,873 | 364,930 | 1,349,621 | 1,714,551 | PDF p. 62PDF p. 63 |
| – over time (services)HK$'000 | 3,668 | 15,705 | 19,373 | 2,079 | 12,440 | 14,519 | PDF p. 62PDF p. 63 |
| Year ended 31 March | |||||||
| Segment profitHK$'000 | 17,500 | 279,310 | 296,810 | 25,990 | 261,787 | 287,777 | PDF p. 62PDF p. 63 |
Notes
Depreciation, amortisation, capital expenditure, other non-cash expenses and other assets and liabilities cannot be directly attributable to individual segments and it is impractical to arbitrarily allocate them to the segments.
Segment assets and liabilities are evaluated based on the total assets and total liabilities in the statement of financial position.
Unallocated assets 2,184,053 and unallocated liabilities 714,769 are printed as unallocated totals only.
Segment column captions were not captured in page text; order follows the listed segments.
Unallocated assets 2,183,766 and unallocated liabilities 727,659 printed as totals only.
Reconciliation of segment profit to profit for the year 10 lines
| Item / unit | 2026HK$'000 | 2025HK$'000 | Source |
|---|---|---|---|
| Reconciliation | |||
| Segment profitHK$'000 | 296,810 | 287,777 | PDF p. 63 |
| Interest incomeHK$'000 | 40,803 | 52,719 | PDF p. 63 |
| Impairment loss on property, plant and equipment and related lease receivableHK$'000 | (45,000) | – | PDF p. 63 |
| Impairment losses on financial assetsHK$'000 | (2,177) | – | PDF p. 63 |
| Gain on deemed disposal of a subsidiaryHK$'000 | 9,401 | – | PDF p. 63 |
| Share of loss of an associateHK$'000 | (5,390) | – | PDF p. 63 |
| Unallocated corporate expenses | |||
| – staff costsHK$'000 | (131,109) | (127,948) | PDF p. 63 |
| – income tax expenseHK$'000 | (19,277) | (8,244) | PDF p. 63 |
| – others (note)HK$'000 | (32,620) | (37,817) | PDF p. 63 |
| Reconciliation | |||
| Profit for the yearHK$'000 | 111,441 | 166,487 | PDF p. 63 |
Notes
note: Other expenses are primarily made up of legal and professional services, travel-related costs, and general expenditures that are not directly assignable to individual segments.
By geography
Geographical information – Revenue 12 lines
| Item / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Revenue | |||
| United States of AmericaHK$'000 | 775,019 | 740,198 | PDF p. 64 |
| CanadaHK$'000 | 251,286 | 188,564 | PDF p. 64 |
| PolandHK$'000 | 153,903 | 177,265 | PDF p. 64 |
| Hong KongHK$'000 | 139,461 | 117,816 | PDF p. 64 |
| People's Republic of China (the “PRC”)HK$'000 | 110,350 | 208,522 | PDF p. 64 |
| NetherlandsHK$'000 | 62,546 | 87,263 | PDF p. 64 |
| FranceHK$'000 | 35,726 | 35,352 | PDF p. 64 |
| AustraliaHK$'000 | 27,316 | 22,446 | PDF p. 64 |
| TaiwanHK$'000 | 21,221 | 31,416 | PDF p. 64 |
| IndonesiaHK$'000 | 9,297 | 60,792 | PDF p. 64 |
| Other countries/regionsHK$'000 | 74,121 | 59,436 | PDF p. 64 |
| TotalHK$'000 | 1,660,246 | 1,729,070 | PDF p. 64 |
Notes
The Vietnam row (| Vietnam | – | – |) and the non-current assets figures (413,617 and 494,905, printed as unaligned stray rows) were not reliably mapped to columns by OCR, so they are not extracted by country.
Major customers: the Group's external revenue of approximately HK1,149 million (2025: HK$1,058 million) was generated from five (2025: four) major customers, each of which accounted for 10% or more of the Group's total external revenue.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| DIVIDEND POLICY | The Company has adopted a revised dividend policy on 28 May 2026, which superseded the dividend policy previously adopted in 2014. Under the revised dividend policy, the Company aims to provide its shareholders with a target annual ordinary dividend payout of 50% to 70% of the net profit attributable to shareholders in any financial year, whether as interim and/or final dividend, the declaration and payment of which will be determined at the sole discretion of the Board. | Company | PDF p. 37 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim dividend, paid of HK$0.04 (2025: HK$0.04) per ordinary share | 0.04 HK$ per ordinary share | FY2026 (year ended 31 March 2026), paid | PDF p. 67 |
| Special interim dividend, paid of HK$0.04 (2025: HK$0.04) per ordinary share | 0.04 HK$ per ordinary share | FY2026 (year ended 31 March 2026), paid | PDF p. 67 |
| Final dividend, proposed of HK$0.14 (2025: HK$0.11) per ordinary share | 0.14 HK$ per ordinary share | FY2026 (year ended 31 March 2026), proposed | PDF p. 67 |
| Special dividend, proposed of HK$0.16 (2025: HK$0.08) per ordinary share | 0.16 HK$ per ordinary share | FY2026 (year ended 31 March 2026), proposed | PDF p. 67 |
| Dividend per share | 38.0 HK cents per share | FY2026 (31 March 2026) total; FY2025 comparative 27.0 | PDF p. 6 |
| DIVIDEND | aggregate dividend for FY2026 is HK38.0 cents per share (FY2025: HK27.0 cents per share) | FY2026 vs FY2025 | PDF p. 8 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend payout ratio | 132.4% | FY2026 (year ended 31 March 2026); FY2025 comparative 65.0% | PDF p. 6 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | PricewaterhouseCoopers LLP | Group and Company, year ended 31 March 2026 | PDF p. 48 |
| Engagement partner | Yong Zen Yun | Group and Company, year ended 31 March 2026 | PDF p. 48 |
| Our opinion | In our opinion, the accompanying financial statements present fairly, in all material respects | Group and Company, year ended 31 March 2026 | PDF p. 45 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
All primary financial pages and the five-year summary are image-only. Data are transcribed from OCR and source-page renders, not native pdf_text; generic FullExtractor does not support image-only source evidence. The source-locked OCR/visual evidence bridge is supplied separately.
No separate Company statement of comprehensive income, Company statement of changes in equity, or Company statement of cash flows is listed in the auditor’s audited statements. Group and Company statements of financial position are presented.
The Group statement of changes in equity is printed as rotated table on physical pages 52 and 53; those pages are separately rotated for OCR review.
Source reverse sweep restored one originally omitted Group cash-flow row on physical page 54 and corrected the 2026/2025 depreciation order from fresh original source cells.
Original statements are HK$ thousands; highlights HK$ million; per-share HK cents; ratios %. Units and original Group/Company/year/equity component axes are retained.
Printed dash is not zero. The FY2025 equity comparative is identified by opening/closing dates, despite the running FY2026 report heading.
Five-year chart points on physical page6 duplicate the five-year table and are represented there. Physical page7 segment chart amounts and percentages are separately included; FY2025 source percentages 21.0%/79.0% are preserved.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.