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融太集团(01172) - 2024 - 年度业绩

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 271 million, a decrease of 35% compared to HKD 416 million for the previous year[4] - Gross profit for the same period was HKD 50 million, down 14% from HKD 58 million year-on-year[4] - The company reported a loss attributable to shareholders of HKD 117 million, a 67% improvement from a loss of HKD 353 million in the previous year[4] - Loss per share was HKD 2.03, compared to HKD 6.11 in the prior year, reflecting a 67% reduction in losses[4] - The overall comprehensive loss attributable to shareholders was HKD 123 million, compared to HKD 387 million in the previous year, indicating a positive trend in financial recovery[6] - The company recorded a net loss of HKD 117 million for the year, compared to a net loss of HKD 353 million in the previous year, showing a trend towards improved financial performance[6] - The company reported a net loss of HKD 117,417,000 for the fiscal year 2024, compared to a net loss of HKD 352,847,000 in 2023, showing an improvement in loss reduction[18] - The group's net loss before tax was approximately HKD 129 million, compared to HKD 361 million in 2023, with a loss attributable to shareholders of approximately HKD 117 million[52] Assets and Liabilities - Total assets decreased to HKD 142 million, down 46% from HKD 265 million year-on-year[4] - Total assets as of March 31, 2024, amounted to HKD 755,028,000, down from HKD 1,003,773,000 in the previous year, reflecting a decrease of about 25%[18] - Total liabilities decreased from HKD 676,811,000 in 2023 to HKD 555,683,000 in 2024, a reduction of approximately 18%[8] - The company's net assets decreased from HKD 265,321,000 in 2023 to HKD 142,137,000 in 2024, a decline of around 47%[8] - The total equity attributable to the company's shareholders decreased from HKD 265,321,000 in 2023 to HKD 142,137,000 in 2024, a decrease of approximately 47%[8] - The company's cash and bank balances decreased from HKD 37,002,000 in 2023 to HKD 35,308,000 in 2024, a decline of about 5%[7] - The company’s accounts receivable decreased from HKD 41,897,000 in 2023 to HKD 32,848,000 in 2024, a decline of about 22%[7] - The current ratio decreased to 0.70 times from 0.83 times in 2023, reflecting changes in current assets and liabilities[54] Operational Performance - The company experienced a significant reduction in administrative expenses, which increased to HKD 66 million from HKD 52 million, indicating a rise in operational costs[6] - The EBITDA for the property development segment was reported at (HKD 34,630,000), while the printing segment showed a positive EBITDA of HKD 8,024,000, indicating significant performance disparity among segments[18] - The property investment segment reported a loss before interest and tax (LBIT) of (HKD 74,200,000) for the fiscal year 2024, compared to a profit of HKD 4,889,000 in 2023[18] - The administrative segment incurred a loss of (HKD 13,960,000) in 2024, which is an increase from the previous year's loss of (HKD 28,435,000)[18] - The real estate development business reported an operating loss of approximately HKD 35 million, an improvement from a loss of HKD 330 million in the previous year, with revenue contribution from projects amounting to approximately HKD 85 million[58] - The printing business achieved an operating profit of approximately HKD 5 million, a turnaround from an operating loss of HKD 3 million in the previous year, despite a revenue decrease to approximately HKD 131 million[62] Market and Strategic Outlook - The company plans to focus on new product development and market expansion strategies to enhance future revenue streams[6] - The group maintains a cautious optimism regarding the outlook for its property investment business, aiming to provide stable income sources[66] - The group plans to expand its financial and asset management services market in Hong Kong to capitalize on opportunities in the Greater Bay Area[68] - The group anticipates a gradual stabilization of global interest rates, which may support economic growth recovery in the coming years[74] - The group is committed to effective risk management and internal control systems to navigate market volatility and seek growth opportunities across various industries[76] Customer and Revenue Diversification - The company had no major customers contributing over 10% of total revenue during the fiscal year, indicating a diversified customer base[20] Other Financial Metrics - The company did not declare a final dividend for the year ending March 31, 2024, consistent with the previous year[30] - The company has received a one-time waiver from the bank regarding financial covenants for bank borrowings amounting to HKD 104,000,000[38] - The company sold four office properties in mainland China for a total consideration of approximately RMB 25.56 million[40] - The company reported a tax expense of HKD 3,346,000 for the year, up from HKD 1,272,000 in 2023, reflecting an increase of approximately 163.5%[29] - Deferred tax assets were reported at HKD 20,120,000 in 2024, compared to HKD 6,206,000 in 2023, indicating a significant increase of approximately 223.5%[29] - The group recorded consolidated revenue of approximately HKD 271 million for the year ended March 31, 2024, a decrease of 35% compared to HKD 417 million in 2023[46] - Gross profit decreased by 14% to approximately HKD 50 million, while the gross profit margin increased to 18% from 14% in the previous year[46]