Financial Performance - Revenue for the year ended September 30, 2024, was HK$221,212,000, representing an increase of 33.2% compared to HK$166,077,000 in 2023[12] - The company reported a loss of HK$10,766,000 for the year, compared to a profit of HK$13,686,000 in the previous year[12] - Basic and diluted loss per share for 2024 was HK(3.43) cents, compared to HK(2.68) cents in 2023[12] - The Group recorded a net loss of approximately HK$10.8 million for the year, a reversal from a profit of HK$13.7 million in the previous year[23] - The total comprehensive loss attributable to the owners of the company for the year ended September 30, 2024, was approximately HK$14,597,000, compared to a loss of HK$13,254,000 for the year ended September 30, 2023[62] Assets and Liabilities - Non-current assets increased to HK$281,309,000 in 2024 from HK$259,854,000 in 2023, reflecting a growth of 8.5%[12] - Current assets rose to HK$57,184,000 in 2024, up from HK$39,484,000 in 2023, marking a 45.4% increase[12] - Current liabilities increased to HK$161,251,000 in 2024 from HK$132,228,000 in 2023, an increase of 21.9%[12] - Non-current liabilities also rose to HK$93,623,000 in 2024, compared to HK$75,320,000 in 2023, which is a 24.3% increase[12] - Equity decreased to HK$83,619,000 in 2024 from HK$91,790,000 in 2023, a decline of 8.9%[12] Revenue Sources - The natural gas business accounted for approximately 96% of the Group's total revenue, generating about HK$213 million[23] - In the fiscal year 2024, the Group's natural gas sales revenue was approximately HK$205,113,000, an increase from HK$149,692,000 in fiscal year 2023, representing a growth of 37.1%[42] - Revenue from sales and leasing business was approximately HK$8.56 million for the year, down from HK$11.03 million in the previous year[39] Operating Expenses - Selling and distribution costs increased by approximately HK$4.0 million, representing a 40.9% increase, primarily due to higher depreciation charges[23] - The total operating expenses for the year were approximately HK$45.2 million, an increase of 5.4% compared to HK$42.9 million in the previous year[40] - Total operating expenses for fiscal year 2024 were approximately HK$45,234,000, up 5.4% from HK$42,923,000 in fiscal year 2023[42] Future Plans and Investments - The Group plans to construct two sections of high-pressure gas pipelines totaling approximately 23.33 kilometers to meet industrial gas demand, with a total investment of approximately RMB130 million[31] - The management expects the economy to recover in an orderly manner, positively impacting the group's two core businesses in the coming year[72] - Revenue from the natural gas operations segment is anticipated to continue growing due to the expansion project in Yichang Gaoxin District[73] Shareholder Actions - The company does not recommend the payment of a final dividend for the year ended September 30, 2024, consistent with the previous year[71] - A share consolidation is proposed, where every ten existing shares will be consolidated into one share, alongside a rights issue to raise approximately HK$51.1 million[85] - The company plans to implement a share consolidation on November 15, 2024, merging every ten existing shares into one share with a par value of HK$0.10[88] Management and Governance - The company has established a Human Resources and Remuneration Committee to regularly review remuneration policies and packages[100] - The board has instructed legal advisors to assess the potential legal consequences of a freezing action affecting the group, but daily operations remain unaffected[87] - The company is committed to maintaining high standards of corporate governance and transparency in its operations[113] Employment and Human Resources - As of September 30, 2024, the company employed 59 staff members, a decrease from 61 staff members as of September 30, 2023[98][100] - The remuneration of employees is determined based on market terms and individual performance, with Directors' emoluments recommended by the Human Resources and Remuneration Committee[186] Auditor and Compliance - RSM Hong Kong has been the auditor since January 30, 2019, and will offer itself for reappointment at the upcoming annual general meeting[195] - The Company has maintained compliance with all code provisions of the Corporate Governance Code during the reporting period[199]
环球战略集团(08007) - 2024 - 年度财报