Financial Performance - For the fiscal year ending June 30, 2024, the company reported a revenue of HKD 84,738,000, a decrease of 27.2% compared to HKD 116,293,000 for the corresponding period ending June 30, 2023[3]. - The company incurred a net loss of HKD 10,223,000 for the year, a significant decline from a profit of HKD 182,083,000 in the previous period[4]. - The gross profit margin for the year was approximately 7.4%, down from a gross profit of HKD 33,526,000 in the previous period[3]. - The company reported a total loss of HKD (10,223,000) for the fiscal year ending June 30, 2024, compared to a profit of HKD 182,083,000 for the previous period[16]. - The group reported a loss attributable to owners of approximately HKD 8,629,000 for the period ending June 30, 2023, compared to a profit of approximately HKD 201,759,000 in the same period of the previous year[29]. Cash Flow and Financial Position - Operating cash outflow for the year was approximately HKD 111,687,000, indicating cash flow challenges[9]. - The company's total assets as of June 30, 2024, were HKD 254,641,000, an increase from HKD 180,851,000 in the previous year[5]. - Current liabilities amounted to HKD 364,789,000, up from HKD 314,968,000, reflecting increased financial obligations[5]. - The company reported a net current liability of HKD 147,347,000, slightly improved from HKD 150,676,000 in the previous year[5]. - The total liabilities for the company decreased to HKD (368,834,000) as of June 30, 2024, from HKD (315,494,000) for the previous period[17]. - Cash and bank balances decreased to approximately HKD 45,758,000 as of June 30, 2024, down from HKD 135,575,000 on June 30, 2023[74]. - Current assets increased to approximately HKD 217,442,000 as of June 30, 2024, compared to HKD 164,292,000 on June 30, 2023, while current liabilities rose to approximately HKD 364,789,000[74]. - The current ratio improved to approximately 0.60 times as of June 30, 2024, from 0.52 times on June 30, 2023[74]. Equity and Share Capital - The company’s equity attributable to owners was HKD 143,237,000, compared to HKD 68,578,000 in the previous year, indicating a strengthening of the equity base[6]. - The company issued 4,387,628,409 shares as of June 30, 2024, an increase from 3,687,628,409 shares as of June 30, 2023[39]. - As of June 30, 2024, the company's issued share capital was approximately HKD 3,587,769,000, divided into 4,387,628,409 shares[74]. Business Operations and Strategy - The company plans to continue its operations in the automotive leasing and IT services sectors in China, aiming for future profitability[7]. - The group plans to optimize fleet hardware and software to enhance competitiveness in the post-pandemic environment[52]. - The group aims to explore the "commuting +" operational model to provide additional value-added services during commuting time[52]. - The group is actively seeking more customers to increase revenue and profit, despite the overall industry environment not showing significant growth[52]. - The group is exploring opportunities in the bulk commodity trade and transportation sector, which is considered more stable compared to passenger transport[54]. Customer and Revenue Insights - Major customers contributing over 10% of total revenue included Customer A with HKD 12,585,000 and Customer B with HKD 11,412,000 for the fiscal year ending June 30, 2024[18]. - The total revenue for the period ending June 30, 2023, was HKD 116,293,000 from car rental and commuter bus services, a decrease from HKD 62,569,000 in the same period of the previous year[19]. - Revenue from the calculation analysis and processing center services was HKD 11,412,000 for the period ending June 30, 2023[19]. - Revenue from industry information solutions services amounted to HKD 10,757,000 for the period ending June 30, 2023[19]. Employee and Operational Costs - The group reported a significant increase in employee costs, totaling HKD 82,369,000 for the period ending June 30, 2023, compared to HKD 46,611,000 in the same period of the previous year[28]. - Administrative and other operating expenses decreased by approximately 36.8% to about HKD 32,434,000, compared to HKD 51,290,000 in the corresponding period[58]. - Financing costs decreased by approximately 45.5% to about HKD 6,882,000, mainly due to reduced interest on convertible bonds and lease liabilities[63]. Audit and Compliance - The independent auditor's report expressed a qualified opinion due to insufficient evidence regarding the existence and valuation of borrowings, impacting the financial statements[47]. - The company has taken actions to address the auditor's qualified opinion regarding borrowings, acknowledging the lack of sufficient evidence provided[48]. - The financial data for the year has been verified by the auditors, confirming consistency with the audited consolidated financial statements[98]. Future Plans and Investments - The company plans to allocate over 70% of the net proceeds from the second subscription to enhance existing operations and expand into logistics and digital economy sectors[81]. - The company has agreed to acquire all issued shares of City Gear for a maximum consideration of HKD 90,000,000, with the acquisition expected to be completed on March 28, 2024[86]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries or joint ventures during the year[86]. Dividends and Shareholder Information - The group did not recommend any dividends for the period ending June 30, 2024, and for the period ending June 30, 2023[32]. - The company does not recommend the payment of a final dividend for the year ending June 30, 2023[94]. - The annual report will be sent to shareholders by October 31, 2024, and will also be available for viewing on the aforementioned websites[99].
国家联合资源(00254) - 2024 - 年度业绩