Financial Performance - The total revenue for Singamas Container Holdings Limited for the year ended December 31, 2024, was $582.804 million, representing a 52.5% increase from $382.470 million in 2023[3]. - Gross profit for the year was $92.786 million, up 64.1% from $56.528 million in the previous year[3]. - The net profit attributable to shareholders for 2024 was $34.135 million, a 75.5% increase compared to $19.438 million in 2023[3]. - Basic earnings per share increased to 1.43 cents from 0.82 cents, reflecting a growth of 74.4%[4]. - The company reported a total comprehensive income of $32.412 million for 2024, compared to $20.042 million in 2023, marking a 62.0% increase[4]. - The pre-tax profit for the fiscal year 2024 was $52.945 million, compared to $27.642 million in 2023, indicating an increase of about 91.3%[17][25]. - The company reported a net foreign exchange gain of $3.715 million in 2024, a significant improvement from a loss of $502,000 in 2023[23]. - The company’s income tax expense for the year 2024 was $14,876,000, a significant increase from $5,149,000 in 2023, reflecting a higher tax burden due to increased profitability[29]. Assets and Liabilities - Non-current assets increased to $309.533 million in 2024 from $246.904 million in 2023, a rise of 25.3%[6]. - Current assets rose to $530.689 million, up from $509.563 million in the previous year, indicating a growth of 4.0%[6]. - The total liabilities increased to $201.536 million in 2024 from $122.542 million in 2023, representing a significant increase of 64.4%[8]. - The company’s cash and cash equivalents increased to $198.352 million from $127.833 million, a growth of 55.2%[6]. - The total inventory increased to $148,047,000 in 2024 from $106,593,000 in 2023, with raw materials decreasing and finished goods significantly increasing[34]. - Accounts receivable net value rose to $164,260,000 in 2024 from $101,216,000 in 2023, with third-party accounts receivable decreasing to $58,714,000[36]. - The total accounts payable increased to $69,992,000 in 2024 from $34,990,000 in 2023, with a notable rise in the 0 to 30 days aging category[42]. Revenue Segmentation - The revenue from manufacturing and leasing business was $553.588 million, up 55.9% from $354.983 million in 2023[12]. - The manufacturing and leasing segment generated $553.588 million in sales, while the logistics services segment contributed $29.216 million for the year ending December 31, 2024[15]. - The logistics services segment recorded revenue of $29,216,000, up from $27,487,000 in 2023, with a profit before tax of $8,486,000[50]. - The total sales volume of dry containers reached approximately 220,000 twenty-foot equivalent units (TEUs), up from about 106,000 TEUs in 2023, with a slight decrease in average selling price to $1,985[47]. Dividends and Shareholder Returns - The company declared an interim dividend of 3 HKD cents per share for 2024, totaling approximately $9,164,000, compared to 1 HKD cent per share in 2023, which amounted to $3,055,000[30]. - The board proposed a final dividend of HKD 0.05 per ordinary share for the year ending December 31, 2024, compared to HKD 0.04 in 2023[54]. - The total annual dividend for 2024 is HKD 0.08 per ordinary share, down from HKD 0.22 in 2023, which included a special interim dividend of HKD 0.17[54]. Operational Insights - The company plans to propose a final dividend of 5 HKD cents per share for the fiscal year ending December 31, 2024, amounting to approximately $15,271,000, pending shareholder approval[31]. - The company anticipates a slowdown in dry container demand in 2025 due to market oversupply and geopolitical tensions affecting global trade[52]. - The demand for customized containers, particularly energy storage containers, is expected to continue growing, supported by the establishment of Green Tenaga for energy storage solutions[52]. - The company plans to invest more resources to maintain business momentum and improve productivity and efficiency[53]. - A new Chief Human Resources Officer has been appointed to develop long-term human resources strategies, emphasizing the importance of attracting and retaining talent[52]. Governance and Compliance - The audit committee reviewed the accounting principles and practices for the year ending December 31, 2024, and held three meetings during the review year[58][59]. - The company has adopted and complied with the corporate governance code as per the listing rules, with some deviations noted[64]. - All directors complied with the standard code of conduct for securities trading during the reporting period[65].
胜狮货柜(00716) - 2024 - 年度业绩