Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 1,150,000, compared to HKD 758,000 for the previous year, representing a growth of 51.7%[3] - The net loss attributable to the owners of the company for the year was HKD 2,035,000, a significant improvement from a loss of HKD 7,967,000 in the previous year, indicating a reduction in losses by 74.5%[3][4] - The basic loss per share improved to HKD 0.62 from HKD 4.40, reflecting a substantial decrease in per-share losses[4] - Interest income from bank deposits decreased to 51,000 HKD in 2024 from 239,000 HKD in 2023, a decline of 78.7%[13] - Dividend income increased significantly to 932,000 HKD in 2024, up 97.1% from 473,000 HKD in 2023[13] - The total amount from securities transactions was approximately 188,049,000 HKD in 2024, compared to 99,688,000 HKD in 2023, representing an increase of 88.8%[13] - The group's loss for the year was approximately HKD 2,035,000, a decrease from HKD 7,967,000 in 2023, primarily due to operating expenses and returns from listed investments[30] Assets and Equity - Total assets increased to HKD 78,340,000 from HKD 60,576,000, marking a growth of 29.3%[6] - The net current assets rose to HKD 77,675,000, up from HKD 60,110,000, which is an increase of 29.1%[6] - The company's equity attributable to owners increased to HKD 77,639,000 from HKD 60,170,000, representing a growth of 28.9%[6] - The cash and cash equivalents increased significantly to HKD 3,374,000 from HKD 1,179,000, showing a growth of 186.5%[6] - The financial assets measured at fair value through profit or loss rose to HKD 74,940,000 from HKD 58,951,000, an increase of 27.0%[6] - The net asset value per share increased to approximately 0.234 HKD in 2024 from 0.332 HKD in 2023[23] Tax and Accounting - The company has not recognized any income tax expense for the year, maintaining a consistent tax position as in the previous year[3] - The company is evaluating the impact of new accounting standards that will be effective in future periods, with no significant impact expected on the financial statements[11] Investments and Market Conditions - The investment committee noted that despite increased revenue from certain projects, the gross profit margin for the construction segment continued to be under pressure due to intensified market competition and rising labor costs[35] - The investment committee believes that the economic environment in the Greater China region remains uncertain, but the company is well-positioned to secure government contracts in the foreseeable future[35] - The group holds a diversified portfolio of green bonds, which are considered an effective method for portfolio diversification and offer competitive returns compared to local fixed deposits[36][38] - The government green bond 2505 has a maturity date of May 19, 2025, with a coupon rate based on the higher of a floating rate or a fixed rate of 2.50%[36] - The government green bond 2610 has a maturity date of October 12, 2026, with a coupon rate based on the higher of a floating rate or a fixed rate of 4.75%[38] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with its provisions for the year ending December 31, 2024[71] - The audit committee, consisting of four independent non-executive directors, was established on October 7, 2002, to oversee financial reporting and compliance[72] - The audit committee has reviewed the audited financial statements for the year ending December 31, 2024[74] - The financial figures presented in the preliminary announcement have been agreed upon by the external auditor, indicating that they reflect the draft consolidated financial statements for the year[75] Employee Expenses and Rights Issue - The total employee benefits expense for the year ended December 31, 2024, was approximately HKD 409,000, down from HKD 722,000 in 2023[62] - The total amount raised from the rights issue was approximately HKD 20.8 million, with a net amount of approximately HKD 19.5 million after expenses[59] - Approximately 85.13% of the net proceeds from the rights issue, or HKD 16.6 million, was used for investment in listed securities[59] Market Performance - The Hang Seng Index rose by 17.7% in 2024, closing at 20,059 points, while the Hang Seng Tech Index increased by 18.7% to 4,468 points[26]
中国金融租赁(02312) - 2024 - 年度业绩