Financial Performance - The group reported a net loss of HKD 10,766,000 for the year ending September 30, 2024, compared to a profit of HKD 13,686,000 in the previous year[30]. - Total revenue for the year was HKD 221,212,000, representing an increase of 33.2% from HKD 166,077,000 in the prior year[30]. - The gross profit margin improved to 19.5%, up from 16.4% in the previous year, with gross profit amounting to HKD 43,158,000[30]. - The group’s total comprehensive loss for the year was HKD 8,171,000, compared to a comprehensive income of HKD 9,453,000 in the previous year[32]. - The company reported a basic loss per share of HKD 3.43 for the year, compared to a loss of HKD 2.68 in the previous year, indicating a worsening in earnings performance[52]. - The total equity of the company decreased to HKD 83,619,000 from HKD 91,790,000, reflecting a decline of about 8.9% year-over-year[57]. - The net loss for the fiscal year 2024 was approximately HKD 10,766,000, a decline from a net profit of HKD 13,686,000 in 2023, primarily due to increased sales and distribution costs by approximately HKD 4,000,000, a rise of 40.9%[112]. - The basic and diluted loss per share for fiscal year 2024 was HKD (15,636) compared to HKD (12,229) in fiscal year 2023[130]. Liquidity and Financial Position - The current ratio of the group was approximately 0.4, an increase from 0.3 as of September 30, 2023, indicating a slight improvement in liquidity[18]. - The group’s total liabilities exceeded its current assets by HKD 104,067,000 as of September 30, 2024[4]. - The company has acknowledged the need for stronger measures to improve its liquidity and financial position[6]. - The company’s current liabilities net amount increased to HKD 93,623,000 from HKD 75,320,000, representing a rise of about 24.2%[54]. - The total debt-to-asset ratio was approximately 152%, up from 106% as of September 30, 2023[173]. - The group maintains a prudent policy in managing its working capital and closely monitors its financial position to sustain financial strength[141]. Revenue and Sales Performance - For the fiscal year ending September 30, 2024, the company reported a total revenue of HKD 217,717,000, an increase from HKD 159,488,000 in the previous year, representing a growth of approximately 36.5%[69]. - The company's gas sales segment generated revenue of HKD 205,113,000, up from HKD 149,692,000 in the prior year, indicating a year-over-year increase of about 37.1%[69]. - Revenue from external customers for the natural gas business was HKD 155,052,000, while the sales and leasing business generated HKD 11,025,000, totaling HKD 166,077,000[73]. - Revenue from the natural gas segment was HKD 212,652,000, while the sales and leasing segment contributed HKD 8,560,000 to the total revenue[121]. - The company expects total revenue from services to rise to HKD 217,717,000 in 2024, compared to HKD 159,488,000 in 2023, indicating a growth of about 36%[91]. Costs and Expenses - Financial costs increased to HKD 6,602,000 from HKD 4,921,000, reflecting higher borrowing costs[30]. - The total operating expenses for the fiscal year 2024 were approximately HKD 45,234,000, an increase of about 5.4% compared to HKD 42,923,000 in fiscal year 2023[137]. - Trade receivables increased to HKD 18,247,000 in 2024 from HKD 16,032,000 in 2023, with a provision for impairment of HKD 8,374,000[108]. Future Plans and Strategies - The group plans to explore various equity financing options, including a proposed rights issue[27]. - The company plans to issue up to 182,344,000 new shares at a subscription price of HKD 0.28 per share, aiming to raise approximately HKD 51,100,000 before expenses[59]. - The group expects to benefit from exclusive gas supply rights in Yichang, anticipating a wave of new customers in the coming years[115]. - The group is seeking new potential mergers, business combinations, and expansions to maintain growth and profitability[148]. - The group has entered into a non-binding memorandum of understanding with a potential partner regarding the development of electric vehicle charging stations[138]. - The group has received approval to expand its operations in the Yichang High-tech Zone, which is expected to drive revenue growth in the coming year[147]. Compliance and Reporting - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the year[64]. - The independent auditor was unable to express an opinion on the group's consolidated financial statements due to significant uncertainties[192].
环球战略集团(08007) - 2024 - 年度业绩