Financial Performance - Total revenue for the year ended December 31, 2024, reached HKD 4,421,609,000, representing a 37% increase from HKD 3,217,372,000 in 2023[4] - Commission and fee income increased by 26% to HKD 871,755,000, up from HKD 689,574,000[4] - Net trading and investment income surged by 72% to HKD 1,235,848,000, compared to HKD 717,644,000 in the previous year[4] - Profit attributable to ordinary shareholders rose by 73% to HKD 347,783,000, from HKD 201,261,000 in 2023[4] - Basic and diluted earnings per share both increased by 71% to HKD 3.6, compared to HKD 2.1 in 2023[5] - The company reported a net profit of HKD 350,697,000 for the year, compared to HKD 206,105,000 in the previous year, which is an increase of approximately 70.0%[24] - The pre-tax profit for 2024 was HKD 366,631,000, compared to HKD 191,416,000 in 2023, indicating a significant increase of about 91.3%[26] Assets and Liabilities - Total assets increased by 21% to HKD 130,173,149,000, up from HKD 107,535,153,000[4] - Total liabilities increased significantly, with current liabilities totaling HKD 107,692,555,000, compared to HKD 77,926,518,000 in 2023[7] - The company’s total liabilities increased to HKD 19,714,804,000 in 2024 from HKD 18,048,359,000 in 2023, reflecting an increase of approximately 9.2%[13] - Total liabilities increased by 24% to HKD 115.15 billion, while total equity rose by 0.4% to HKD 15.02 billion[58] Dividends - The company declared a dividend of HKD 305,260,000, a 60% increase from HKD 191,078,000 in the previous year[4] - The company plans to distribute a total dividend of HKD 305,260,000 for the year, compared to HKD 191,078,000 in 2023, which is an increase of approximately 59.8%[28] - The proposed final dividend for the year ended December 31, 2024, is HKD 0.020 per share, totaling HKD 0.032 per share for the entire year[69] Income Sources - Interest income increased to HKD 2,314,006,000 in 2024 from HKD 1,810,154,000 in 2023, marking a rise of about 27.8%[25] - Interest income grew by 28% to HKD 2.314 billion, with fixed income securities interest income skyrocketing 188% to HKD 553 million[45] - Financial product net income increased by 20% to HKD 912 million, driven by a recovery in the stock and debt capital markets[50] Operational Segments - The operating segments include Wealth Management, Institutional Investor Services, Corporate Finance Services, and Investment Management, which are managed separately due to differing risks and returns[20] - Wealth Management provides comprehensive financial services to individual investors, SMEs, and family offices, including brokerage and financing services[22] - Institutional Investor Services offers market-making, investment, and structured product solutions to corporations, governments, and financial institutions[22] - Corporate Finance Services provides advisory services, debt, and equity securities placement and underwriting services[22] - Investment Management offers asset management and fund management services to institutional and individual clients[22] Employee and Costs - The total employee costs for 2024 were HKD 794,802,000, compared to HKD 781,340,000 in 2023, reflecting an increase of approximately 1.9%[26] - Total costs increased by 34% to HKD 4.060 billion, mainly due to rising financing costs[57] Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code throughout the year 2024[73] - The Audit Committee reviewed the financial results for the year ended December 31, 2024, ensuring adherence to accounting principles and practices[75] - The external auditor confirmed that the financial data in the performance announcement is consistent with the audited consolidated financial statements for the year ended December 31, 2024[76] Future Outlook - The outlook for 2025 indicates potential challenges due to geopolitical factors, but supportive policies from the Chinese government are expected to stabilize economic growth[67] - The group aims to enhance its core competitiveness and optimize its income structure for sustainable development[68] - The group will continue to strengthen its capital management and maintain stable growth in market value[68] Share Repurchase - The company repurchased a total of 17,445,000 shares at a total cost of HKD 14,725,267 during the year, with 14,491,000 shares canceled[71] - The highest share repurchase price was HKD 1.22 and the lowest was HKD 0.60, with a total cost of HKD 14,725,267 including all expenses[72]
国泰君安国际(01788) - 2024 - 年度业绩