Financial Performance - The Group generated revenue of approximately HK$488.1 million for the year ended 30 June 2024, representing an increase of 23.4% compared to HK$395.4 million for the year ended 30 June 2023[5]. - The Group recorded a net loss of approximately HK$4.8 million for the year ended 30 June 2024, an improvement from a net loss of approximately HK$5.3 million for the year ended 30 June 2023[5]. - Gross profit for the year ended 30 June 2024 was HK$33.6 million, compared to HK$30.1 million for the year ended 30 June 2023, reflecting a growth in profitability[7]. - Total comprehensive loss for the year was HK$5.8 million, compared to HK$10.7 million in the previous year, indicating a reduction in overall losses[8]. - Loss per share for the year ended 30 June 2024 was HK$0.81, an improvement from HK$0.93 for the year ended 30 June 2023[7]. - The Group's loss before taxation was HK$3,565,000, indicating a challenging financial period despite revenue growth[42]. - The Group's financial results are subject to the risks associated with being listed on the GEM, which may experience higher market volatility[2]. Revenue Breakdown - The Group's service income from environmental and cleaning services was HK$485.4 million, while interest income from money lending was HK$2.7 million for the year ended 30 June 2024[7]. - Revenue from environmental and cleaning services increased to HK$485,387,000 in 2024, up from HK$391,005,000 in 2023, representing a growth of approximately 24.1%[38]. - Revenue from the environmental and cleaning services business in Hong Kong increased by approximately HK$94.6 million to approximately HK$467.5 million for the year ended 30 June 2024, compared to HK$372.9 million for the year ended 30 June 2023[32]. - The breakdown of revenue by service sector for the year ended 30 June 2024 shows commercial services at HK$148.9 million (31.8%), residential services at HK$134.5 million (28.8%), hospitality at HK$14.4 million (3.1%), transportation at HK$92.0 million (19.7%), and government services at HK$68.7 million (14.7%)[33]. Expenses and Costs - Selling and marketing expenses increased to HK$3.0 million for the year ended 30 June 2024, up from HK$2.5 million in the previous year[7]. - Administrative expenses rose to HK$24.3 million for the year ended 30 June 2024, compared to HK$22.3 million for the year ended 30 June 2023[7]. - Total salaries, wages, and other benefits increased to HK$249,886,000 in 2024 from HK$199,877,000 in 2023, reflecting a rise of approximately 25%[59]. - The cost of inventories sold rose to HK$8,315,000 in 2024 from HK$7,647,000 in 2023, representing an increase of about 8.7%[60]. - The expense relating to short-term leases increased to HK$924,000 in 2024 from HK$534,000 in 2023, showing a significant rise of approximately 73%[60]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to HK$231,291,000, an increase from HK$224,023,000 in 2023, representing a growth of approximately 1.13%[9]. - Current liabilities increased to HK$100,306,000 in 2024 from HK$82,168,000 in 2023, reflecting a rise of about 22.08%[9]. - Trade receivables rose to HK$94,366,000 in 2024, up from HK$86,739,000 in 2023, indicating an increase of approximately 8.83%[9]. - Cash and cash equivalents increased to HK$103,174,000 in 2024 from HK$90,313,000 in 2023, marking a growth of around 14.25%[9]. - Total equity attributable to owners of the Company decreased to HK$193,838,000 in 2024 from HK$199,298,000 in 2023, a decline of about 2.31%[10]. - Net current assets decreased to HK$130,985,000 in 2024 from HK$141,855,000 in 2023, representing a decrease of approximately 7.69%[9]. - Non-current assets, including property, plant, and equipment, decreased to HK$47,290,000 in 2024 from HK$60,092,000 in 2023, a decline of about 21.29%[9]. Loans and Financing - The Group's money lending strategy focuses on providing secured and unsecured loans to individuals and corporations in Hong Kong and the PRC, with a cautious approach to credit risk assessment[116][121]. - The Group conducts a "know-your-client" procedure and credit risk assessment before approving loan applications, ensuring only borrowers with sound financial abilities are considered[119][121]. - The total loan portion, net of loss allowance, was HK$35,129,000 in 2024 compared to HK$37,031,000 in 2023, indicating a decrease of approximately 5.1%[88]. - The Group's loan portfolio includes approximately HK$28.5 million granted to 2 individual borrowers in Hong Kong, secured by personal guarantees and/or mortgage charges[126]. - The Group has initiated legal proceedings against Borrower F and Borrower G to recover outstanding loans, successfully obtaining default judgment orders from the High Court of The HKSAR[128]. Corporate Governance and Compliance - The Board does not recommend the payment of a final dividend for the year ended 30 June 2024, consistent with the previous year[5]. - The Group's audit committee reviewed the consolidated financial statements for the year ended June 30, 2024, confirming compliance with applicable accounting standards[167]. - The Company has complied with the Corporate Governance Code for the year ended June 30, 2024, with some deviations noted[167]. - The board of directors includes two executive directors and three independent non-executive directors[171]. - The Company is led by Chairman and CEO Yu Shaoheng[171]. Market and Operational Insights - The Group aims to transfer increased labor costs to customers and implement more efficient workflows to offset rising labor costs[141][142]. - The Group plans to strengthen marketing efforts to expand market shares in the commercial and residential sectors and focus on high-value customers to increase revenue through cross-selling services[143][146]. - The Shanghai Operations are not expected to improve significantly in the coming fiscal year due to negative factors affecting nearly all sectors of businesses in Shanghai[144]. - The Group is exploring new environmental and cleaning services to expand its service scope and position itself as a one-stop cleaning contractor[143][146].
宝联控股(08201) - 2024 - 年度业绩