Revenue and Profitability - Revenue from continuing operations increased by 161.8% to HKD 227,114,000 compared to HKD 86,762,000 in the previous year[10] - The total revenue for the year 2024 was HKD 86,762 thousand, with property investment contributing HKD 44,891 thousand and property development contributing HKD 28,647 thousand[54] - The company reported a loss for the year of HKD (408,559,000), compared to a profit of HKD 29,943,000 in the previous year[14] - The company reported a loss attributable to owners from continuing operations of HKD (254,739) thousand for the year 2024, compared to a profit of HKD 10,905 thousand in 2023[40] - Total comprehensive loss attributable to owners from continuing operations was HKD (255,125) thousand in 2024, compared to HKD (17,402) thousand in 2023[42] - The company’s basic loss per share was HKD (3.50), and diluted loss per share was HKD (4.20)[10] - The company’s basic and diluted loss per share from continuing operations was HKD (3.52) in 2024, compared to HKD 0.15 in 2023[42] - The company reported a basic loss per share of HKD 3.50 and a diluted loss per share of HKD 4.20 for the year ending March 31, 2024, compared to a profit of HKD 0.18 per share in the previous year[80] Assets and Liabilities - Total assets decreased by 4.9% to HKD 8,739,039,000 from HKD 9,188,964,000[10] - Total liabilities decreased by 1.4% to HKD 4,136,948,000, while net assets decreased by 7.8% to HKD 4,602,091,000[10] - The company’s total assets decreased from HKD 6,662,454 thousand in 2023 to HKD 6,334,193 thousand in 2024[43] - The company’s non-current assets decreased from HKD 2,526,510 thousand in 2023 to HKD 2,404,846 thousand in 2024[43] - The company’s current assets decreased from HKD 4,404,437 thousand in 2023 to HKD 3,546,059 thousand in 2024[45] - As of March 31, 2024, the group's net current assets were approximately HKD 3,546,059,000, a decrease of about 22.9% from HKD 4,404,437,000 in 2023[162] - The group's total bank loans amounted to approximately HKD 3,671,861,000 as of March 31, 2024, compared to HKD 3,529,177,000 in 2023[164] Cash Flow and Investments - The company’s cash and cash equivalents decreased to HKD 1,348,814,000 from HKD 1,913,713,000[9] - The company generated a net cash outflow from operating activities of approximately 43,100,000 HKD in 2024, up from 38,200,000 HKD in 2023[93] - The company’s investment properties decreased from HKD 2,194,541 thousand in 2023 to HKD 2,069,773 thousand in 2024[43] - The company invested approximately HKD 1,443,000 in the purchase of properties, plants, and equipment during the year, compared to HKD 578,000 in 2023[190] Operational Performance - The company incurred total employee costs of HKD 73,111 thousand in 2024, an increase from HKD 69,319 thousand in 2023[57] - Rental income from continuing operations was approximately 43,101,000 HKD, a slight decrease of about 0.4% from 43,255,000 HKD in 2023[109] - The company recorded a total of 2,518,000 HKD in other income for 2024, compared to 1,472,000 HKD in 2023, indicating a year-over-year increase of approximately 70.8%[91] - The company completed sales transactions for 5 units and 1 parking space, generating revenue of approximately 118,460,000 HKD in 2024, compared to 28,647,000 HKD in 2023[106] Discontinued Operations - The company has terminated its securities and other investments and loan financing business in China, classifying these as discontinued operations[61] - The total revenue from discontinued operations for the year was HKD 10,807,000, with employee costs amounting to HKD 288,000, down from HKD 1,942,000 in the previous year[63][64] - The company reported a net loss from discontinued operations of HKD 1,504,000 for the year, compared to a loss of HKD 2,375,000 in the previous year[68] Government Support and Subsidies - The company recognized government subsidies related to COVID-19 amounting to HKD 1,256,000 under the "Employment Support" scheme[60] Capital and Equity - The company did not recommend a final dividend for the year, consistent with the previous year[81] - The company has no proposed dividends for the reporting period, consistent with the previous year[94] - The group completed a capital reorganization on July 19, 2023, consolidating every 40 existing shares into 1 new share[175] - The group’s equity interest in Gao Shan was diluted from approximately 26.59% to about 8.11% after the completion of a significant sale on April 17, 2024[155] Financial Ratios and Performance Metrics - The asset-to-equity ratio was approximately 0.8 as of March 31, 2024, compared to 0.7 in 2023[186] - The group’s largest borrower accounted for approximately 21% of total receivables as of March 31, 2024, down from 26% in 2023[170]
永义国际(01218) - 2024 - 年度业绩