Financial Performance - Revenue for the year ended December 31, 2024, was HKD 48,142,000, a decrease of 49.1% compared to HKD 94,628,000 in 2023[2] - Gross profit for the year was HKD 6,930,000, down 76.0% from HKD 28,863,000 in the previous year[2] - Loss from continuing operations before tax was HKD 52,423,000, compared to a loss of HKD 13,150,000 in 2023[3] - Total comprehensive loss for the year amounted to HKD 30,846,000, a significant decline from a comprehensive income of HKD 10,967,000 in the prior year[3] - Basic and diluted loss per share from continuing operations was HKD 2.60, compared to HKD 0.60 in the previous year[3] - The company reported a pre-tax loss from continuing operations of HKD 51,895,000 in 2024, compared to a loss of HKD 11,606,000 in 2023[40] - The basic and diluted loss per share for continuing operations was HKD (2.60) in 2024, compared to HKD (0.60) in 2023[40] - The group recorded a loss of approximately HKD 30,713,000, a decline of about 376% from a profit of HKD 11,132,000 in 2023[65] Assets and Liabilities - Non-current assets decreased to HKD 73,447,000 from HKD 147,712,000 in 2023, reflecting a reduction of 50.2%[4] - Current assets increased to HKD 99,248,000, up 37.4% from HKD 72,237,000 in the previous year[4] - Net current assets improved to HKD 90,537,000, compared to HKD 50,480,000 in 2023, indicating a 79.4% increase[4] - The company’s total liabilities decreased from HKD 26.874 million in 2023 to HKD 10.466 million in 2024, reflecting a significant reduction in financial obligations[26] - The total trade receivables decreased from HKD 22,383,000 in 2023 to HKD 15,651,000 in 2024[12] - The total trade payables decreased from HKD 9,739,000 in 2023 to HKD 5,349,000 in 2024[49] Cash Flow and Investments - The company reported a cash balance of HKD 62,772,000, significantly higher than HKD 14,517,000 in the previous year[4] - Cash inflow from operating activities was HKD 11,327,000 in 2024, down from HKD 23,031,000 in 2023[39] - The company completed the sale of a vessel for USD 9,500,000 (approximately HKD 74,100,000) on August 20, 2024, which is classified as discontinued operations[38] - Total revenue from discontinued operations was HKD 31,030,000 in 2024, down from HKD 49,026,000 in 2023[38] - The company reported total other income of HKD 1,772,000 in 2024, slightly down from HKD 1,775,000 in 2023[33] Segment Performance - The company reported segment revenue from external customers for the year ended December 31, 2023, totaling HKD 143.654 million, with the shipping and logistics segment contributing HKD 44.982 million and the telecommunications segment contributing HKD 49.646 million[24] - The company incurred a total loss of HKD 30.713 million for the year, with the shipping and logistics segment reporting a loss of HKD 3.158 million and the telecommunications segment reporting a loss of HKD 4.718 million[23] - Revenue from the shipping and logistics segment decreased from HKD 49,646,000 in 2023 to HKD 36,101,000 in 2024, a decline of approximately 27.5%[32] - Telecommunications service revenue dropped significantly from HKD 44,982,000 in 2023 to HKD 5,801,000 in 2024, representing a decrease of about 87.1%[32] - Gross profit in the shipping and logistics segment was approximately HKD 6,545,000, down about 72% from HKD 23,691,000 in the previous year[57] - Gross profit in the telecommunications segment was approximately HKD 371,000, down about 93% from HKD 5,172,000 in the previous year[58] - The e-commerce trade business recorded revenue of approximately HKD 6,240,000 and a gross profit of approximately HKD 13,000 during the year[59] Strategic Focus and Challenges - The company has incurred research and development costs of HKD 749,000, an increase from HKD 259,000 in 2023, indicating a focus on innovation[2] - The group has taken measures to reduce operating costs and maintain profitability in response to challenges in the shipping and logistics market due to new tariffs and geopolitical dynamics[61] - The telecommunications business faces significant challenges due to customer shifts towards other mobile applications for communication, impacting traditional SMS services[62] - The company’s segment performance indicates a need for strategic adjustments, particularly in the telecommunications and shipping segments, to improve profitability moving forward[22] - The group will continue to seek suitable investment opportunities that can create synergies with existing businesses and contribute positively[64] Compliance and Governance - The company adopted several new or revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the consolidated financial statements[11][14][16][18][20] - The group has maintained compliance with applicable corporate governance codes and principles throughout the year[71] - There were no purchases, sales, or redemptions of the company's listed securities during the year[69] - The company did not recommend any dividends for the years ended December 31, 2024, and 2023[37] - The group had no capital commitments as of December 31, 2024[67]
亚洲能源物流(00351) - 2024 - 年度业绩