Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 247,625,000, a decrease of 7.1% from HKD 266,611,000 in 2023[3]. - Operating profit for the same period was HKD 67,351,000, down 13.8% from HKD 78,186,000 in the previous year[4]. - Profit attributable to equity holders of the company was HKD 81,958,000, a decline of 18.6% compared to HKD 100,639,000 in 2023[4]. - Basic and diluted earnings per share decreased to HKD 10.3 from HKD 12.7, representing a drop of 18.6%[4]. - The company reported a total comprehensive income of HKD 81,975,000, down from HKD 99,816,000 in 2023[6]. - The company reported a consolidated profit before tax of HKD 89,285,000 for 2024, down from HKD 111,052,000 in 2023, indicating a decrease of approximately 19.6%[21][23][26]. - Net profit after tax for 2024 was HKD 82,000,000, a decline of HKD 18,700,000 or 18.6% compared to 2023[84]. Revenue Breakdown - The electronic commerce segment generated revenue of HKD 171,699,000 for 2024, compared to HKD 163,697,000 in 2023, reflecting an increase of about 4.1%[21][23]. - The identity management segment's revenue for 2024 was HKD 53,634,000, a decrease from HKD 76,704,000 in 2023, representing a decline of about 30.2%[21][23]. - Total revenue for the e-commerce segment increased by 4.9% year-on-year to HKD 171,700,000, with segment profit rising by 9.5% to HKD 55,000,000, reversing a two-year declining trend[67]. - The supply chain application segment experienced a slight revenue decline of 2.3% to HKD 21,400,000 due to an unstable external trade environment and weak local consumer market[69]. - Identity management segment revenue fell by 33.5% to HKD 45,800,000, with segment profit decreasing by 79.5% to HKD 3,300,000, impacted by a strong prior year comparison and economic recovery challenges[72]. Assets and Liabilities - Total assets amounted to HKD 536,137,000, slightly down from HKD 545,581,000 in 2023[3]. - The company’s total liabilities decreased from HKD 160,400,000 in 2023 to HKD 150,562,000 in 2024[55]. - Accounts receivable, net of impairment provisions, decreased to HKD 21,259,000 in 2024 from HKD 31,750,000 in 2023, a reduction of about 33%[40]. - Contract assets, net of impairment provisions, fell to HKD 2,613,000 in 2024 from HKD 10,896,000 in 2023, indicating a decline of approximately 76%[40]. - The deferred tax asset at the end of 2024 was HKD 606,000, compared to HKD 56,000 in 2023, indicating a significant increase in deferred tax assets[38]. Cash Flow and Dividends - Cash and cash equivalents significantly decreased to HKD 76,285,000 from HKD 276,335,000, a drop of 72.5%[8]. - The company declared a final dividend of HKD 6.4 per share, compared to HKD 6.3 in the previous year[3]. - Proposed final dividend for 2024 is HKD 0.064 per share, an increase from HKD 0.063 per share in 2023[85]. - The proposed final dividend for the year is HKD 0.064 per share, compared to HKD 0.063 per share in 2023, bringing the total dividend for the year to HKD 0.101 per share, which represents approximately 98% of the annual profit attributable to shareholders[100]. Employee Costs and Expenses - The company incurred total employee costs of HKD 113,086,000 in 2024, down from HKD 120,133,000 in 2023, reflecting a reduction of approximately 5.8%[26]. - Employee costs for 2024 were HKD 113,100,000, down 5.9% from HKD 120,100,000 in 2023[81]. - Depreciation expenses increased to HKD 9,348,000 in 2024 from HKD 8,925,000 in 2023, marking an increase of about 4.7%[26]. Other Income and Expenses - Other income decreased to HKD 21,405,000 from HKD 32,161,000, a decline of 33.4%[4]. - The total other income for 2024 was HKD 21,405,000, down from HKD 32,161,000 in 2023, reflecting a decline of approximately 33.5%[28]. - Interest income for 2024 increased to HKD 22,580,000 from HKD 20,412,000 in 2023, representing a growth of approximately 10.7%[28]. - The net loss from foreign exchange decreased significantly from HKD (342,000) in 2023 to HKD (1,847,000) in 2024, indicating a worsening in foreign exchange conditions[28]. Future Outlook and Strategic Initiatives - The company plans to launch a one-stop electronic account opening service using its digital identity solutions in early 2025[1]. - The company plans to complete upgrades to key GETS-related systems by mid-2025, enhancing services in preparation for the transition to a single-window environment[71]. - The company is optimistic about achieving positive year-on-year revenue growth in the supply chain application segment unless there is a significant decline in Hong Kong's external trade volume[71]. - The company is reallocating employees to research and development to prepare for new opportunities, expecting significant revenue contributions from new products and services in the coming years[75]. - The company anticipates ongoing discussions regarding value-added service provider arrangements as a primary focus for 2025[71].
贸易通(00536) - 2024 - 年度业绩