SUNHINGVISION：2024-25AnnualReport.pdf

1、ANNUAL REPORT 2024/25SUN HING VISION GROUP HOLDINGS LIMITED2Financial Highlights3Letter to Shareholders6Directors and Senior Management8Corporate Governance Report18Directors Report29Independent Auditors Report36Audited Financial Statements and Notes119Financial Summary120Corporate InformationCONTEN

2、TSSun Hing Vision Group Holdings LimitedFINANCIAL HIGHLIGHTSRevenue by Geographical Areafor year ended 31 March 2025Revenue by Business Divisionfor year ended 31 March 20251%Other24%USA36%Europe39%Asia20%Branded Eyewear1%Others79%ODMRevenue(HK$000)for year ended 31 MarchProfit(Loss)Attributable to O

3、wners of the Company(HK$000)for year ended 31 March$828,476$702,343$704,914$876,741$701,6712025202420232022 2021$(28,365)$(30,558)$9,09120252024202320222021$9,608$(32,247)Annual Report 2024/25LETTER TO SHAREHOLDERS02/03the continuous currency depreciation of various Asian currencies,reduced purchasi

4、ng power of consumers in these countries,which negatively affected our sales in the Asian region.Despite its slowing economy during the year under review,Asia continued to be the most important market of the Groups branded eyewear distribution business,and it accounted for 98.11%(2024:98.38%)of the

5、Groups total distribution turnover.OTHER BUSINESSESFor the year ended 31 March 2025,the Groups other businesses represented licensing income of HK$1 million from an external party in connection with the trademark of Jill Stuart(2024:licensing income of HK$2 million).LIQUIDITY AND CAPITAL RESOURCESTh

6、e Group continued to maintain a strong liquidity and financial position.As at 31 March 2025,the Group held bank balances and cash of HK$185 million.On the other hand,it also had outstanding bank borrowings of approximately HK$34 million,which is repayable by installments over a period of 20 years wi