Financial Performance - The group's consolidated revenue decreased by 4.8% to HKD 747.02 million for the year ended December 31, 2024, compared to HKD 784.45 million in 2023[8]. - The net loss attributable to equity holders increased to HKD 256.03 million in 2024 from HKD 221.43 million in 2023, reflecting rising financing costs and no reversal of impairment losses[8]. - The net loss for the year was HKD 247,119,000, compared to a net loss of HKD 211,463,000 in the previous year, representing an increase in loss of 16.9%[37]. - The company's equity attributable to shareholders was a deficit of HKD 1,958,033,000, compared to a deficit of HKD 1,595,424,000 in the previous year[40]. - The comprehensive loss for the year includes an annual loss of HKD 256,031,000, reflecting a decrease from the previous year's loss of HKD 221,426,000[45]. Business Segments - The media business generated revenue of HKD 727 million with a segment profit of HKD 59 million, while the technology platform and investment business reported revenue of HKD 21 million with a segment loss of HKD 20 million[10]. - The publishing group in Taiwan recorded total revenue of HKD 703 million and a segment profit of HKD 6 million despite adverse foreign exchange and geopolitical factors[5]. - The social media business, Pixnet, generated revenue of HKD 16 million but incurred a segment loss of HKD 13 million during the year[12]. - The e-commerce segment generated revenue of HKD 5,034,000, while the mobile internet segment contributed HKD 16,214,000, and the social network segment brought in HKD 21,248,000[52]. - The total segment profit before tax for the media business was HKD 68,530,000, while the e-commerce segment reported a loss of HKD 2,492,000[52]. Financial Position - The group's net debt increased to HKD 1.66 billion in 2024 from HKD 1.29 billion in 2023[8]. - Total assets as of December 31, 2024, amounted to HKD 2,801,213,000, with total liabilities of HKD 4,465,109,000[54]. - The total liabilities amounted to HKD 3,934,477,000, an increase from HKD 3,753,455,000 in 2023[40]. - The group's total credit facilities amounted to HKD 4.52 billion, with 85.5% utilized for investments, capital expenditures, and working capital[26]. - The current ratio as of December 31, 2024, was 1.44, down from 1.62 in the previous year[28]. Operational Highlights - WeLab, a fintech investment, has 70 million users and has facilitated over USD 15 billion in loans, highlighting its strong growth momentum[14]. - The company plans to continue seeking growth opportunities while maintaining stable business performance and prudent financial management[5]. - The publishing business will accelerate its digital transformation to diversify revenue sources amid market challenges[5]. - The company employed approximately 1,100 full-time employees, with total employee costs amounting to HKD 294,000,000 for the year[34]. - The group has established five sustainability goals aligned with the United Nations Sustainable Development Goals, focusing on business, talent, environment, and community[76]. Compliance and Governance - The independent auditor's report for the financial statements as of December 31, 2024, will be included in the annual report without any reservations[77]. - The company has complied with all applicable provisions of the corporate governance code throughout the year ending December 31, 2024[78]. - The board of directors consists of executive and non-executive members, including independent non-executive directors[91]. - The annual general meeting is scheduled for May 12, 2025, with a notice to be published in due course[83]. - No buybacks, sales, or redemptions of listed securities occurred during the year ending December 31, 2024[80].
TOM集团(02383) - 2024 - 年度业绩