Financial Performance - Total revenue for the year ending December 31, 2024, is projected to be HKD 106,360,000, a decrease of 14.3% from HKD 124,041,000 in the previous year[3] - Gross profit for the same period is expected to be HKD 56,068,000, down 11.4% from HKD 63,246,000[3] - The net profit attributable to shareholders is forecasted to be HKD 5,669,000, a decline of 51.6% compared to HKD 11,714,000 last year[3] - The profit before tax for the year 2024 was HKD 5,669,000, compared to HKD 11,714,000 in 2023, representing a decrease of approximately 51.5%[18] - The basic earnings per share for 2024 was HKD 2.21, a decline of approximately 51.7% from HKD 4.58 in 2023[20] - The net profit for the year was approximately HKD 5.67 million, a decline of 51.6% from HKD 11.71 million in the previous year, resulting in a net profit margin of 5.3%[35] Revenue Breakdown - The financial printing services segment generated revenue of HKD 53,510 thousand in 2024, down from HKD 64,911 thousand in 2023, indicating a decline of about 17.6%[14] - The translation services segment saw revenue decrease from HKD 47,854 thousand in 2023 to HKD 43,583 thousand in 2024, a drop of approximately 8.4%[14] - The media publishing segment's revenue fell from HKD 11,276 thousand in 2023 to HKD 9,267 thousand in 2024, reflecting a decrease of around 17.8%[14] - The group reported revenue of HKD 106,360 thousand for the year 2024, compared to HKD 124,041 thousand in 2023, representing a decrease of approximately 14.3%[14] Expenses and Costs - The total employee benefits expenses amounted to HKD 47,990,000 in 2024, down from HKD 49,584,000 in 2023, a reduction of about 3.2%[18] - The service cost decreased by 17.3% to approximately HKD 50.29 million, down from HKD 60.80 million in the previous year[29] - Other income and losses of HKD 1,326,000, which is a decrease from HKD 1,817,000 in the previous year[3] - The total tax expense for 2024 was HKD 1,110,000, a decrease from HKD 2,202,000 in 2023, reflecting a reduction of approximately 49.6%[18] - The group reported a decrease in depreciation expenses for machinery and equipment from HKD 3,977,000 in 2023 to HKD 2,622,000 in 2024, a decline of about 34.1%[18] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 102,043,000, while total liabilities were HKD 30,578,000, resulting in a net asset value of HKD 79,733,000[6] - The company reported cash and bank balances of HKD 55,298,000, an increase from HKD 36,220,000 in the previous year[6] - The company's non-current assets, including machinery and equipment, totaled HKD 45,472,000, compared to HKD 17,195,000 in the previous year[6] - Current assets included trade receivables of HKD 21,862,000, slightly down from HKD 22,754,000 year-over-year[6] - The company’s total liabilities decreased from HKD 30,578,000 to HKD 23,455,000, indicating improved financial stability[6] - The company’s lease liabilities were reported at HKD 20,744,000, a significant increase from HKD 893,000 in the previous year[6] Strategic Focus and Future Outlook - The company has indicated a focus on new product development and market expansion strategies to drive future growth[2] - The company plans to enhance its service offerings to improve customer retention and attract new users[2] - Future guidance suggests a continued emphasis on cost management to mitigate the impact of declining revenues[2] - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational capabilities[2] - The company is focused on expanding its financial printing services and investment holding business, aiming for growth in the upcoming fiscal year[7] - The company anticipates an improvement in overall liquidity in the Hong Kong capital market due to stimulating economic policies in China, with expectations for an increase in IPOs and capital market transactions in 2025[39] Compliance and Reporting - The group has adopted the revised Hong Kong Financial Reporting Standards for the first time this year, which did not have a significant impact on the financial position or performance[9] - The group anticipates that the newly issued Hong Kong Financial Reporting Standards will not have a major impact on the consolidated financial statements in the foreseeable future[11] - The group has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[11] - The group’s financial reporting adheres to the applicable disclosure requirements under the Listing Rules and the Hong Kong Companies Ordinance[12] - The group’s financial performance is expected to be influenced by the implementation of new accounting standards in the coming years[13] - The group continues to monitor the impact of market conditions on its revenue streams and is exploring strategies for future growth[14] Shareholder Information - The company declared no final dividend for the year 2024, compared to a dividend of HKD 0.15 per share in 2023, totaling HKD 38,400,000[19] - The company declared a final dividend of HKD 0.15 per share for the year, totaling HKD 38,400,000, which was paid to shareholders on May 12, 2023[46] - As of December 31, 2024, the company had granted 25,600,000 stock options under its stock option plan, with no options exercised in the previous year[38] Miscellaneous - The group operates a single business segment providing financial printing services, with all revenue generated from Hong Kong[15] - No individual customer contributed more than 10% of the total revenue for the group[16] - The financial statements for the year include consolidated financial position, consolidated profit and loss, and other comprehensive income statements[51] - The work conducted by the accounting firm does not constitute an assurance under the Hong Kong accounting standards[51] - The announcement does not provide any guarantees regarding the performance for the year[51]
REF HOLDINGS(01631) - 2024 - 年度业绩