Financial Performance - The total revenue for the fiscal year ending April 30, 2024, was HKD 204,545,000, representing an increase of 1.4% from HKD 201,608,000 in the previous year[1]. - The net profit for the year was HKD 17,051,000, compared to HKD 20,578,000 in the previous year, indicating a decrease of approximately 17.3%[1]. - Basic and diluted earnings per share increased to HKD 8.21 from HKD 5.83, reflecting a growth of 40.7%[1]. - The profit before tax for the year was HKD 21,126,000, compared to HKD 22,768,000 in the previous year, indicating a decrease of about 7.2%[6]. - The total tax expense for the year 2024 was HKD 4,075,000, significantly higher than HKD 2,190,000 in 2023, representing an increase of about 86.1%[15]. - EBITDA rose by 13.6% to HKD 35.0 million, up from HKD 30.8 million in the previous year[29]. Assets and Liabilities - Non-current assets totaled HKD 355,090,000, up from HKD 347,005,000, marking a growth of 2.4%[2]. - Current assets amounted to HKD 265,738,000, slightly increasing from HKD 262,353,000, a rise of 1.5%[2]. - The total assets as of April 30, 2024, amounted to HKD 620,828,000, up from HKD 609,358,000 in the previous year, reflecting an increase of approximately 1.5%[9]. - The total liabilities as of April 30, 2024, were HKD 74,316,000, a decrease from HKD 80,654,000 in the previous year, showing a reduction of about 7.9%[9]. - The company's total equity increased to HKD 546,513,000 from HKD 528,704,000, representing a growth of 3.4%[2]. Cash Flow and Financial Position - The company reported a decrease in cash and cash equivalents to HKD 53,104,000 from HKD 100,003,000, a decline of 47.3%[2]. - The company maintained cash and bank balances of approximately HKD 53.1 million as of April 30, 2024, down from HKD 100.0 million in 2023, while the current ratio improved to 4.0 from 3.7[48]. - The debt ratio as of April 30, 2024, was 0.10, slightly up from 0.09 in 2023, indicating a stable leverage position[49]. Revenue Segmentation - Revenue from the technology segment was HKD 197,368,000, contributing the largest share to total revenue[6]. - Revenue from Hong Kong was HKD 166,951,000 for the year ended April 30, 2024, slightly up from HKD 166,614,000 in the previous year[11]. - The group's revenue for the year 2024 was HKD 204,545,000, compared to HKD 201,608,000 in 2023, representing a year-over-year increase of approximately 0.46%[13]. - The group's revenue increased by 1.4% to HKD 204.5 million, with the technology sector's revenue growing by 0.4% to HKD 197.4 million[32]. Expenses and Costs - The company’s administrative and other operating expenses were HKD 155,570,000, reflecting an increase compared to the previous year's expenses[1]. - The total employee costs for 2024 were HKD 29,000,000, a decrease from HKD 26,297,000 in 2023, reflecting a reduction of approximately 10.3%[14]. - The total financial costs for 2024 were HKD 2,893,000, compared to HKD 1,380,000 in 2023, reflecting an increase of approximately 109.0%[14]. Acquisitions and Investments - The group issued 23,252,466 shares for the acquisition of a subsidiary during the reporting period, increasing the total issued and paid-up shares to 270,827,299 by the end of 2024[25]. - The company completed the acquisition of 51% equity in Greenie EdTech Corporation for HKD 20.4 million, with approximately HKD 12.6 million paid in cash and HKD 7.8 million through the issuance of 20,500,000 shares at an issue price of HKD 0.378 per share[45]. - The company completed an additional acquisition of approximately 4.5% equity in Claman Global Limited for HKD 5.6 million, increasing its stake from 50.3% to 54.8%[46]. Strategic Focus and Future Outlook - The technology services industry is expected to rebound with moderate growth driven by strategic investments in innovative technologies and continued focus on digital transformation[27]. - The company is expanding its business in the UK and EU, enhancing its global reach and influence[28]. - Continuous investment in research and development is a priority, with a focus on AI, IoT, and other emerging technologies[35]. - The group aims to enhance its business technology application portfolio, focusing on scalable cloud platforms, AI integration, and cybersecurity[33]. Corporate Governance and Compliance - The company adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements for the current and prior years[4]. - The Audit Committee, composed of three independent non-executive directors, has reviewed the financial reporting procedures and internal control systems for the fiscal year ending April 30, 2024[60]. - The company has adopted the standard code of conduct for securities trading as per Appendix C3 of the Listing Rules, confirming compliance by all directors for the year[59]. Market and Economic Conditions - The group faces risks related to economic volatility and changing consumer patterns, which may impact revenue and property valuations[42]. - The company emphasizes sustainability and corporate responsibility, aiming to develop eco-friendly technologies and implement sustainable business practices[37].
黄河实业(00318) - 2024 - 年度业绩