Hang Pin Living Technology Co. Reports 15.7% Decline in Revenue, Returns to Profit with HK$929K Net Income for Fiscal Year Ending March 2025

Reuters
Jun 20
Hang Pin Living Technology Co. Reports 15.7% Decline in Revenue, Returns to Profit with HK$929K Net Income for Fiscal Year Ending March 2025

Hang Pin Living Technology Co. Ltd. has announced its audited consolidated results for the year ended March 31, 2025. The company's revenue for the year was HK$81.5 million, a decline from the previous year's HK$96.7 million. The cost of sales also decreased from HK$94.4 million in 2024 to HK$80.6 million in 2025. The gross profit for the year stood at HK$855,000, down from HK$2.3 million in the previous year. Despite the decrease in revenue, the company reported a profit before taxation of HK$929,000 for the year, a significant improvement compared to a loss of HK$6.7 million in the prior year. This turnaround was partly attributed to an increase in other income, other gains or losses, net, which rose to HK$12.5 million from HK$4.7 million in 2024. The Group's operations include garment sourcing and the provision of financial services. These segments are managed separately due to their distinct market requirements and marketing strategies. There were no inter-segment sales reported for both years. The company did not provide an outlook or guidance for the upcoming periods in the announcement.

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