AV CONCEPT HOLD年报2025

Financial Highlights財務重點 財務重點Financial Highlights Corporate Information公司資料 BOARD OF DIRECTORS Dr. So Yuk Kwan(Chairman and Chief Executive Officer)Mr. So Kevin Chi HengMr. So Chi Sun Sunny PhDSBS Independent Non-Executive Directors Dr. Lui Ming Wah,PhD, SBS, JPMr. Lai Yat Hung EdmundMs. Au-Yeung Kit Ping CHIEF FINANCIAL OFFICER ANDCOMPANY SECRETARY Mr. Chan Chi Hang AUDIT COMMITTEE PhDSBS Mr. Lai Yat Hung Edmund(Chairman)Dr. Lui Ming Wah,PhD, SBS, JPMs. Au-Yeung Kit Ping REMUNERATION COMMITTEE PhDSBS Dr. Lui Ming Wah,PhD, SBS, JP(Chairman)Mr. Lai Yat Hung EdmundMs. Au-Yeung Kit Ping NOMINATION COMMITTEE PhDSBS Ms. Au-Yeung Kit Ping(Chairman)Dr. Lui Ming Wah,PhD, SBS, JPMr. Lai Yat Hung Edmund CORPORATE GOVERNANCE COMMITTEE PhDSBS Dr. Lui Ming Wah,PhD, SBS, JP(Chairman)Mr. Lai Yat Hung EdmundMs. Au-Yeung Kit Ping REGISTERED OFFICE P. O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands P. O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands 公司資料Corporate Information HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS 396 6th FloorEnterprise Square Three39 Wang Chiu RoadKowloon BayHong Kong PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedStandard Chartered Bank (Hong Kong) LimitedHang Seng Bank LimitedUnited Overseas Bank LimitedDBS Bank (Hong Kong) LimitedChong Hing Bank Limited LEGAL ADVISOR Angela Ho & Associates AUDITOR Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor CAYMAN ISLANDS SHARE REGISTRAR Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands HONG KONG SHARE REGISTRAR ANDTRANSFER OFFICE (BRANCH REGISTRAR) 1617 Tricor Tengis Limited17th Floor, Far East Finance Centre,16 Harcourt Road,Hong Kong 595 STOCK CODE595 www.avconcept.com WEBSITEwww.avconcept.com CHAIRMAN’SSTATEMENT 主 席 致 辭 Chairman’s Statement主席致辭 On behalf of the Board of Directors, I am honored to present the annualresults of AV Concept Holdings Limited (“AV Concept” or the “Company”)together with its subsidiaries (collectively referred to as the “Group”) for theyear ended 31 March 2025 (the “year under review”). During the year under review, the global economy demonstrated resilienceamid a complex backdrop. International Monetary Fund and Organisationfor Economic Co-operation and Development projections point to moderategrowth of around 3% in 2025, reflecting a slight tempering of earlieroptimism due to policy and trade uncertainties. Notwithstanding thesechallenges, continued disinflation and easing monetary policies in manyregions have underpinned some economic stability. Dr. So Yuk KwanChairman AV Concept Holdings LimitedAVConcept 20253% Chairman’s Statement主席致辭 2024/251,190,000,0002024984,300,00053,700,0002024109,200,00013,200,000202436,300,000 The year under review was a challenging period for AV Concept. TheGroup review revealed a revenue of approximately HK$1,190.0 million(2024: HK$984.3 million). The profit attributable to the Company’s ownersamounted to approximately HK$53.7 million (2024: HK$109.2 million), withthe gross profit around HK$13.2 million (2024: HK$36.3 million). 2024 After a robust rebound in the previous year, market conditions turnedmore volatile, especially in our core semiconductor business. We witnessedsignificant price fluctuations in semiconductor components throughout theyear, which, coupled with softer demand in certain quarters, led to moremodest results for the Group. Globally, economic recovery continued atan uneven pace amid persistent inflation and fluctuation of interest rates.In China, the smartphone market showed signs of a partial recovery aftertwo consecutive years of shipment declines, during which the marketcontracted due to economic headwinds, reduced consumer confidence,and prolonged device replacement cycles. The recovery in 2024 remaineduneven, with significant differences across manufacturers, product tiers,and regional markets. Consumer demand and spending patterns continuedto be unpredictable, limiting the breadth of the rebound and presentingchallenges for suppliers and distributors alike. These dynamics created a toughenvironment that tempered our overall performance for the year. 20242025AI In the Semiconductor Distribution segment, the Group navigated noticeablevolatility. The industry experienced cyclical rebound in year 2024 and early2025, with memory pricing recovering from historic lows and inventorycorrections playing out across the supply chain. At the year start, strongdemand driven by new technology trends (such as AI-related chips) hintedat growth opportunities. However, this momentum was offset by mid-yearmarket corrections and inventory adjustments among manufacturers. Memorychip prices swung sharply, surging in the first half and then retreating assupply-demand imbalances arose. Th