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泰锦控股(08321) - 2024 - 年度业绩
TAI KAM HLDGSTAI KAM HLDGS(HK:08321)2024-07-31 14:37

Financial Performance - For the year ended April 30, 2024, revenue was approximately HKD 38.1 million, a decrease of about 60.8% compared to HKD 97.3 million for the year ended April 30, 2023[36]. - The net loss for the reporting period was approximately HKD 11.4 million, down from a net loss of about HKD 31.7 million for the year ended April 30, 2023[10]. - The company's revenue for the fiscal year was HKD 38,132 thousand, compared to HKD 97,332 thousand in the previous year, indicating a decline in revenue[42]. - The gross profit for the year was HKD 724 thousand, down from HKD 1,962 thousand in the previous year, reflecting challenges in cost management[42]. - The basic and diluted loss per share for the year was HKD 4.63, improved from HKD 13.03 in the previous year, showing a reduction in losses per share[51]. - The company reported a significant reduction in administrative expenses, from HKD 19,816 thousand in the previous year to HKD 3,937 thousand[42]. - The company is focused on improving its financial performance and reducing losses, as evidenced by the strategic reduction in administrative costs and other expenses[51]. - The company reported a pre-tax loss of HKD 11,409,000 for the year 2024, a significant improvement from a loss of HKD 31,749,000 in 2023, representing a reduction of approximately 64.0%[83]. Cash and Liquidity - As of April 30, 2024, cash and bank balances were approximately HKD 10.5 million, an increase from HKD 1.5 million as of April 30, 2023[12]. - The company’s cash and bank balances increased from HKD 1,546 thousand to HKD 10,487 thousand, indicating improved cash flow management[43]. - Total current assets decreased from HKD 76,196 thousand in the previous year to HKD 64,787 thousand, indicating a decline in liquidity[43]. - The group maintains a prudent financial management policy, ensuring a robust liquidity position during the reporting period[123]. - The group continues to closely monitor its liquidity position to manage cash flow risks effectively[123]. Operational Highlights - Direct costs decreased from approximately HKD 95.4 million to about HKD 37.4 million, representing a reduction of approximately 60.8%[8]. - The company faced increasing operational costs and intense market competition, impacting overall performance[69]. - Construction contract revenue significantly decreased to HKD 38,132,000 in 2024 from HKD 97,332,000 in 2023[78]. - Trade receivables from customer contracts decreased to HKD 40,883,000 in 2024 from HKD 52,857,000 in 2023, with credit loss provisions increasing to HKD 27,102,000 from HKD 21,465,000[64]. - Trade receivables aged 0 to 90 days decreased from HKD 4,470,000 in 2023 to HKD 2,289,000 in 2024, a decline of approximately 48.8%[87]. - Trade payables increased from HKD 17,699,000 in 2023 to HKD 19,043,000 in 2024, an increase of approximately 7.6%[87]. Corporate Governance and Strategy - The company aims to maintain high levels of corporate governance to build trust with shareholders and stakeholders[22]. - The board believes that the company has complied with the corporate governance code as of April 30, 2024[132]. - The company is committed to enhancing its business scope through property development and investment opportunities[69]. - The company is actively expanding its business in the Asia-Pacific region, including markets such as Japan, Thailand, and Singapore[69]. - The company has no significant contingent liabilities as of April 30, 2024[17]. Investments and Future Outlook - The investment in Harbour Digital Capital Limited showed an unrealized gain of approximately HKD 0.4 million as of April 30, 2024[20]. - The total investment in Harbour Digital amounts to approximately HKD 3.8 million, representing a 3.2% equity stake as of April 30, 2024[129]. - The total investment in China Integration is approximately HKD 2.0 million, representing a 1.3% equity stake as of April 30, 2024[130]. - The group did not acquire any subsidiaries or associates during the reporting period and has no plans for significant investments or capital assets[131]. - The company confirmed government subsidies of approximately HKD 48,000 related to the Employment Support Scheme, with no conditions unmet[81]. Dividend Policy - The company does not recommend the payment of a final dividend for the year ended April 30, 2024, consistent with the previous year[11]. - The company has no plans to declare or pay any dividends for the year[62].