Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 261,076,000, an increase of 1.0% from HKD 257,504,000 in 2023[3] - Gross profit for the same period was HKD 143,186,000, representing a 5.0% increase compared to HKD 135,841,000 in 2023[3] - The company's profit before tax was HKD 39,328,000, up 4.1% from HKD 37,783,000 in the previous year[4] - Net profit for the year was HKD 28,896,000, a decrease of 13.3% from HKD 33,243,000 in 2023[4] - Basic earnings per share decreased to HKD 11.95 from HKD 13.50, reflecting a decline of 11.5%[4] - Total comprehensive income for the year was HKD 27,729,000, down 16.5% from HKD 33,270,000 in 2023[6] - The total revenue for the group in 2024 is HKD 278,701,000, an increase from HKD 268,490,000 in 2023, representing a growth of approximately 3.7%[18] - Revenue from customer contracts reached HKD 259,454,000 in 2024, up from HKD 255,615,000 in 2023, indicating a growth of about 1.4%[27] - Revenue from external customers in Hong Kong and other regions was HKD 218,306,000 in 2024, compared to HKD 209,320,000 in 2023, reflecting an increase of approximately 4.7%[23] - The company reported a significant increase in capital expenditure, rising to HKD 5,947,000 in 2024 from HKD 423,000 in 2023[21] Segment Performance - The application services segment generated revenue of HKD 143,358,000 in 2024, down from HKD 152,781,000 in 2023, indicating a decline of about 6.9%[18] - The solutions and integration services segment reported revenue of HKD 116,096,000 in 2024, up from HKD 102,834,000 in 2023, reflecting an increase of approximately 12.8%[18] - The investment segment's revenue decreased to HKD 1,622,000 in 2024 from HKD 1,889,000 in 2023, a decline of about 14.1%[18] - The solutions and integration services business recorded a double-digit revenue growth, reaching HKD 116.1 million, compared to HKD 102.8 million in 2023[61] Assets and Liabilities - Non-current assets decreased to HKD 238,005,000 from HKD 246,620,000, a decline of 3.5%[8] - Current assets increased to HKD 434,602,000 from HKD 407,888,000, an increase of 6.5%[8] - The total liabilities increased to HKD 170,347,000 in 2024 from HKD 148,509,000 in 2023, marking an increase of approximately 14.7%[21] - Total assets increased to HKD 672,607,000 in 2024 from HKD 654,508,000 in 2023, representing a growth of approximately 2.1%[21] Dividends and Shareholder Returns - The proposed final dividend for the year is HKD 13,353,000, compared to HKD 13,493,000 in the previous year, reflecting a decrease of 1.0%[9] - Proposed final dividend for 2024 is HKD 13,353,000, slightly down from HKD 13,493,000 in 2023, a decrease of 1.0%[44] - The company maintained a stable dividend of HKD 0.055 per share, consistent with the previous year[55] Corporate Governance and Risk Management - The company has established an effective risk management framework in accordance with listing rules and regulations, allowing the board and management to fulfill their risk management responsibilities[99] - The audit committee, composed of three independent non-executive directors, has reviewed the financial reporting process and internal controls for the year ending December 31, 2024[100] - The company emphasizes high levels of corporate governance, adhering to the corporate governance code as outlined in the listing rules[95] - The company has taken sufficient measures to ensure that its corporate governance practices align with the established code[96] Employee and Operational Insights - The group employed 337 full-time and 10 part-time employees as of December 31, 2024, compared to 343 full-time and 12 part-time employees as of December 31, 2023[85] - The group did not engage in any significant acquisitions or disposals of subsidiaries during the reporting year[87] - The group plans to explore joint ventures and acquisition opportunities to enhance operational and market coverage[67] Market and Product Developments - The company continues to focus on expanding its cloud services and e-commerce offerings within its application services segment[17] - The company launched a new cloud-native human capital management software, Pi-HCM, which received positive market feedback[58] - The flagship enterprise procurement management software, Prosmart, gained several new clients, contributing to significant profit growth for the business[59] - The group anticipates significant growth in the cybersecurity and data privacy sector due to increasing institutional focus on these areas[63] Taxation and Compliance - The group’s estimated taxable profit tax rate remains at 16.5% for both 2024 and 2023[37] - The group has responded to multiple inquiries from the tax authority regarding additional deductions for R&D expenses, indicating ongoing discussions and potential tax liabilities[40][41] Financial Ratios and Performance Metrics - The current ratio was 2.9 as of December 31, 2024, compared to 3.0 as of December 31, 2023[84] - The net profit attributable to shareholders decreased by HKD 4.3 million, or 12.8%, to HKD 29.1 million, with a net profit margin dropping to 11.1%[74]
科联系统(00046) - 2024 - 年度业绩