Financial Performance - Revenue for the year ended June 30, 2024, was HKD 71,020,000, a decrease of 11.3% from HKD 80,026,000 in 2023[2] - The loss from continuing operations for the year was HKD 14,117,000, compared to a loss of HKD 5,229,000 in the previous year, representing a significant increase in losses[2] - The total comprehensive loss for the year was HKD 14,847,000, up from HKD 10,328,000 in 2023, indicating a worsening financial position[2] - Basic and diluted loss per share from continuing operations was HKD 1.13, compared to HKD 0.54 in the previous year[3] - The company reported a pre-tax loss of HKD 69,000 for the year ended June 30, 2024, compared to HKD 380,000 in 2023[23] - The company reported a basic and diluted loss per share of HKD 11.29 for the fiscal year 2024, compared to HKD 7.95 for the fiscal year 2023, reflecting an increase in loss of approximately 42.9%[27] - The net loss attributable to the owners of the company for the fiscal year 2024 was approximately HKD 14,300,000, an increase of 58.9% from approximately HKD 9,000,000 in the fiscal year 2023[55] Assets and Liabilities - Current assets increased to HKD 38,660,000 from HKD 26,130,000, reflecting improved liquidity[4] - Net current assets rose to HKD 31,963,000, up from HKD 17,671,000, indicating a stronger working capital position[4] - Total assets decreased to HKD 52,688,000 from HKD 42,228,000, while total liabilities also decreased, leading to an increase in net assets[5] - The company's equity increased to HKD 50,123,000 from HKD 38,441,000, showing growth in shareholder value[5] - Total liabilities decreased to HKD 9,262,000 in 2024 from HKD 12,246,000 in 2023, a decline of 24.3%[18] Revenue Segments - The group reported total revenue of HKD 71,020 thousand for the fiscal year ending June 30, 2024, with a significant contribution from renewable energy and plastic recycling segments[15] - The renewable energy segment generated revenue of HKD 62,158 thousand, while the plastic recycling segment contributed HKD 3,908 thousand[15] - Revenue from renewable energy segment was HKD 62,158,000, down from HKD 73,116,000, representing a decline of 15.0%[22] - The construction waste and processing services segment generated revenue of approximately HKD 3.9 million in FY2024, compared to HKD 4.1 million in FY2023[57] - The plastic recycling/metal waste segment recorded revenue of approximately HKD 2.9 million in FY2024, an increase from HKD 2.6 million in FY2023, despite challenges from fluctuating raw material prices and competition from cheaper new plastics[58] Cost Management - The company reported a significant reduction in employee costs to HKD 14,791,000 from HKD 17,065,000, reflecting cost-cutting measures[2] - The company’s employee costs decreased to HKD 14,791,000 in 2024 from HKD 17,065,000 in 2023, a reduction of 13.3%[24] - Total expenses (excluding financial costs) for FY2024 were approximately HKD 47 million, down from HKD 50.9 million in FY2023, with employee costs decreasing by HKD 2.3 million[61] Strategic Initiatives - The company is focusing on new product development and market expansion strategies to improve future performance[6] - The renewable energy business has established a strong network and partnerships, enhancing the company's ability to secure stable supply and meet customer demands[31] - The company has expanded its operational team to improve procurement capabilities and customer engagement in the renewable energy sector[35] - The company has successfully set up its own storage and processing facility for waste cooking oil in Hong Kong, obtaining the necessary permits for operations[36] - The company has begun collecting waste cooking oil using its own fleet of collection vehicles in Hong Kong, enhancing logistics capabilities[37] - The construction waste and processing services have established stable operations in Germany, building long-term relationships with local partners and clients[39] Market Conditions - The global economy is expected to remain uncertain throughout 2024, with slow growth anticipated due to geopolitical tensions and tight financial conditions[70] - The EU has proposed tariffs ranging from 12.8% to 36.4% on biodiesel imports from China, which may negatively impact the UCOME market[70] - The German plastic recycling sector continues to face challenges, with low demand from construction and automotive industries, leading to a reassessment of business viability[71] - The group plans to explore new business opportunities to enhance revenue sources amid a volatile global economy[71] Corporate Governance - The audit committee consists of three independent non-executive directors who reviewed the group's annual performance[79] - The financial results for the year ending June 30, 2024, have been verified by the auditor, but no assurance is provided on the preliminary announcement[80] Dividend Policy - The company does not recommend any dividend distribution for the fiscal years ending June 30, 2024, and June 30, 2023[8] - No dividends are recommended for the fiscal year ending June 30, 2024, and the previous year[74]
绿色能源科技集团(00979) - 2024 - 年度业绩