Ming Shing Group Holdings Ltd. has released its annual report for the fiscal year ending March 31, 2025. The company reported an increase in revenue and gross profit, bolstered by a rise in government grants received. However, there was also an uptick in general and administrative expenses during the period. The company incurred income tax expenses amounting to $648,936 for the year ended March 31, 2024, marking an increase of $180,047, or 38.4%, from the previous year's $468,889. The results reflect the company's ongoing operations including the acquisition of MS Engineering Co., Limited, whose results were incorporated from October 20, 2021, onwards. Ming Shing Group highlighted key factors affecting its financial condition and results, noting the non-recurrent nature of its projects and the uncertainty in securing future contracts. This may lead to significant variations in revenue from period to period. The company did not provide specific figures regarding net income or earnings per share for the period in the report. The economic environment and political changes in Hong Kong and the PRC remain external factors that could impact future financial performance, particularly affecting market sentiments and the real estate and construction industries.