Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 29,155,000, representing an increase of 8.3% from HKD 26,911,000 in 2023[4] - Gross profit for the same period was HKD 5,653,000, up from HKD 4,882,000, indicating a gross margin improvement[4] - The net profit attributable to the owners of the company was HKD 189,000, a significant recovery from a loss of HKD 1,643,000 in the previous year[4] - Basic and diluted earnings per share for the year were both HKD 0.2 cents, compared to a loss of HKD 3.2 cents per share in 2023[4] - The company reported a comprehensive income of HKD 491,000 for the year, compared to a loss of HKD 1,733,000 in the previous year[4] - The adjusted profit before tax for the same period was HKD 350,000, with total segment profits amounting to HKD 4,223,000[17] - The group reported a total loss before tax of HKD 1,218,000 for the fiscal year ending December 31, 2023[18] - The company reported a pre-tax profit of HKD 350,000 for 2024, recovering from a loss of HKD 1,218,000 in 2023[24] - The group's revenue increased by 8.6% to HK$29,200,000 in 2024, compared to HK$26,900,000 in 2023[33] - Gross profit rose to HK$5,700,000 with a gross margin of 19.5%, up from HK$4,900,000 and 18.1% in the previous year[33] - The group recorded a profit attributable to owners of HK$200,000 in 2024, recovering from a loss of HK$1,600,000 in 2023[33] Assets and Liabilities - Total assets decreased slightly to HKD 26,464,000 from HKD 27,046,000 year-over-year[5] - The company's cash and cash equivalents decreased to HKD 7,020,000 from HKD 18,166,000, indicating a reduction in liquidity[5] - Total equity increased to HKD 21,719,000 from HKD 21,428,000, showing a positive trend in the company's financial health[5] - The total assets reported for the group were HKD 26,464,000, with allocated segment assets of HKD 18,556,000[17] - The total liabilities reported for the group were HKD 5,618,000, with segment liabilities amounting to HKD 2,909,000[18] - Total assets decreased to HK$26,400,000 in 2024 from HK$27,000,000 in 2023, with total liabilities reduced to HK$4,700,000 from HK$5,600,000[36] - The group's net asset value increased to HK$21,700,000 in 2024, compared to HK$21,400,000 in 2023, with a net asset value per share of HK$0.19[36] Sales and Revenue Segments - For the fiscal year ending December 31, 2024, the reported segment revenues were HKD 29,155,000, with contributions from home products, planting, and decorative products at HKD 5,332,000, HKD 2,106,000, and HKD 21,717,000 respectively[17] - Revenue from external customers in Hong Kong, the operating location, was HKD 23,824,000 for 2024, an increase from HKD 20,267,000 in 2023[19] - Sales of decorative products significantly increased to HKD 21,717,000 in 2024, up 33.5% from HKD 16,261,000 in 2023[22] - The group's revenue from a major customer in the home products segment was HKD 3,890,000 for 2024, representing over 10% of total revenue[21] Cash Flow and Investments - Cash used in operating activities was HK$10,300,000 in 2024, compared to HK$3,500,000 in 2023, while cash flow from investing activities was zero[36] - The group raised a net amount of HK$18,000,000 from a rights issue in 2023, with allocations for repaying customer advances and acquiring operating assets[37] - The group plans to monitor external conditions closely and may utilize unspent funds of HK$5,000,000 for operational needs in 2025[37] Tax and Dividends - The company’s total tax expense for 2024 was HKD 161,000, a decrease from HKD 425,000 in 2023[24] - The company did not declare any dividends for the year ending December 31, 2024, consistent with 2023[25] - The company has not recognized deferred tax assets for tax losses that can be carried forward indefinitely in Hong Kong, with tax losses amounting to HKD 2,767,000 in 2024[24] Business Operations - The company is engaged in the sale of household goods, planting products, and decorative items, with a focus on expanding its market presence[6] - The group has three reportable operating segments, which are monitored separately for performance evaluation and resource allocation[16] - The group’s financial services business has not generated revenue in the past two years[16] - The group remains focused on core business growth and product diversification to enhance market penetration amid uncertain global economic conditions[34] - The group has no significant capital commitments or major investments as of December 31, 2024[38] Trade Receivables and Payables - Trade receivables increased significantly to HKD 6,894,000 from HKD 2,728,000, reflecting improved sales performance[5] - Trade receivables increased to HKD 7,184,000 in 2024, up 149.9% from HKD 2,883,000 in 2023[28] - Trade payables slightly increased to HKD 1,982,000 in 2024 from HKD 1,921,000 in 2023[30] Financial Reporting Standards - The group is currently assessing the impact of new and revised Hong Kong Financial Reporting Standards on its financial statements[11]
曼妠(08186) - 2024 - 年度业绩