Financial Performance - The total revenue for the year ended June 30, 2024, was HKD 152,279,000, an increase of 18.3% compared to HKD 128,737,000 in 2023[1] - The gross profit for the year was HKD 93,513,000, up from HKD 74,299,000, reflecting a growth of 25.8%[1] - The net profit for the year was HKD 5,724,000, a decrease of 41.5% from HKD 9,694,000 in the previous year[2] - The total comprehensive income for the year was HKD 15,938,000, significantly higher than HKD 1,314,000 in 2023[2] - Basic and diluted earnings per share decreased to HKD 2.18 from HKD 3.72, representing a decline of 41.2%[2] - The pre-tax profit for the fiscal year ending June 30, 2024, was reported at HKD 3,812,000, compared to a pre-tax profit of HKD 9,646,000 for the previous year, showing a decrease of 60.5%[11] - The profit attributable to the owners of the company for the fiscal year was approximately HKD 5.7 million, down from HKD 9.7 million in the previous year, primarily due to losses from financial assets and increased general and administrative expenses[27] Revenue Breakdown - For the fiscal year ending June 30, 2024, the total revenue from cultural product sales was HKD 80,446,000, an increase from HKD 59,722,000 in the previous year, representing a growth of 34.4%[8] - The revenue from technology system sales, including software licensing, reached HKD 47,278,000, up from HKD 45,806,000, indicating a growth of 3.2%[8] - The total revenue from leasing system products was HKD 24,555,000, compared to HKD 23,209,000 in the previous year, reflecting a growth of 5.8%[8] - The overall revenue for the group for the fiscal year ending June 30, 2024, was HKD 152,279,000, an increase from HKD 128,737,000 in the previous year, marking a growth of 18.2%[8] Assets and Liabilities - Non-current assets increased to HKD 37,717,000 from HKD 35,094,000, showing a growth of 7.5%[3] - Current assets totaled HKD 171,576,000, up from HKD 100,760,000, indicating a substantial increase of 70.4%[3] - Total liabilities decreased to HKD 73,932,000 from HKD 87,414,000, a reduction of 15.4%[4] - The company's equity increased to HKD 165,412,000 from HKD 134,593,000, reflecting a growth of 22.8%[4] Expenses - Distribution costs for the fiscal year were approximately HKD 27.5 million, a slight increase from HKD 26.7 million in the previous period, attributed to enhanced sales and marketing activities[29] - General and administrative expenses totaled approximately HKD 54.4 million, an increase of 12.6% from HKD 48.3 million in the previous period[30] - Financial costs decreased to approximately HKD 0.5 million from HKD 1.3 million in the previous fiscal year[31] Market and Product Development - The company remains focused on becoming a leader in integrated communication and automation solutions, leveraging opportunities in applications and IoT[25] - New product development is underway for EkoTek® and MaBLE, targeting enhanced safety and usability in high-risk environments, with a launch expected in the next reporting period[38] - The Multitone i-Message® critical messaging platform received significant updates, positively impacting sales in the UK public health market[37] - The next-generation Multitone Evolve™ device aims to enhance emergency communication solutions and is expected to launch within 2025, despite some design delays[47] Employee and Governance - The total employee cost for the year ended June 30, 2024, was approximately HKD 76 million, an increase from HKD 69 million in 2023[58] - The group employed approximately 164 full-time and part-time staff as of June 30, 2024[58] - The company has complied with the corporate governance code throughout the year, except for the separation of roles between the chairman and CEO[61] Cash Flow and Financing - The group maintained a strong financial position with liquid funds totaling approximately HKD 109 million as of June 30, 2024, an increase from HKD 101 million in 2023[53] - A fundraising measure completed on June 17, 2024, raised approximately HKD 14.8 million for general operating funds and potential investment opportunities[54] - The group has no borrowings, maintaining a zero debt-to-equity ratio, and continues to manage cash flow effectively to meet operational capital needs[53] Regulatory and Compliance - The company has adopted new accounting standards that did not have a significant impact on the financial performance for the year[6] - The company anticipates that the new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the reported amounts and disclosures in the consolidated financial statements in the foreseeable future[9] - The audit committee reviewed the accounting principles and practices adopted by the group for the year ended June 30, 2024[64]
看通集团(01059) - 2024 - 年度业绩