Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately HKD 74.96 million, an increase of about 36.4% compared to HKD 54.97 million for the year ended December 31, 2023[7]. - The net loss for the year ended December 31, 2024, was approximately HKD 2.32 million, a significant reduction of about 90.7% from a net loss of HKD 25.08 million for the year ended December 31, 2023[8]. - The total income from customer contracts was HKD 46.20 million for the year ended December 31, 2024, compared to HKD 29.26 million in 2023[10]. - The company reported a basic and diluted loss per share of HKD 1.64 for the year ended December 31, 2024, compared to HKD 13.45 for the previous year[10]. - Total comprehensive loss for the year amounted to HKD 7,756,266, down from HKD 23,945,765 in the previous year, reflecting a reduction of approximately 67.6%[11]. - The company reported a pre-tax loss of HKD 2,484,814 for the year ended December 31, 2024, an improvement from a loss of HKD 29,372,237 in 2023[41]. - The loss for the year ended December 31, 2024, was approximately HKD 2.32 million, a decrease of about 90.7% compared to a loss of HKD 25.08 million for the year ended December 31, 2023, attributed to increased revenue, particularly from virtual asset trading[119]. Dividends - The board proposed a final dividend of HKD 0.018 per share for the year ended December 31, 2024, compared to HKD 0.005 per share for the year ended December 31, 2023[8]. - The interim dividend declared for the six months ended June 30, 2024, was HKD 0.10 per share, down from HKD 0.80 per share in 2023[51]. - The proposed final dividend for the year ending December 31, 2024, is HKD 1.80 per share, compared to HKD 0.50 per share in 2023[51]. - The board proposed a final dividend of HKD 1.80 per share for the year ending December 31, 2024, totaling approximately HKD 3,744,396, subject to shareholder approval at the annual general meeting on June 5, 2025[140]. Expenses - Commission expenses increased by 101.3% to HKD 9.44 million for the year ended December 31, 2024, compared to HKD 4.69 million in the previous year[7]. - Employee costs rose by 21.4% to HKD 39.03 million for the year ended December 31, 2024, up from HKD 32.15 million in 2023[7]. - Other operating expenses decreased by 19.6% to HKD 22.63 million for the year ended December 31, 2024, compared to HKD 28.14 million in the previous year[7]. - The company incurred a loss of HKD 1,100,000 from an impairment of an associate company[41]. - Financing costs totaled HKD 6,087,035 in 2024, a decrease of 5.9% from HKD 6,471,128 in 2023[47]. - Other income totaled HKD 1,034,700, down from HKD 2,510,788 in 2023, indicating a decrease of 58.8%[44]. Assets and Liabilities - Non-current assets decreased to HKD 62,116,832 in 2024 from HKD 69,870,643 in 2023, representing a decline of about 11.1%[13]. - Current assets increased significantly to HKD 457,926,031 in 2024, up from HKD 230,883,565 in 2023, marking an increase of approximately 98.2%[13]. - Current liabilities rose to HKD 341,619,086 in 2024, compared to HKD 135,180,151 in 2023, which is an increase of about 153.5%[13]. - The company’s total non-current liabilities decreased to HKD 952,551 in 2024 from HKD 2,471,117 in 2023, a reduction of approximately 61.5%[14]. - The company’s cash and cash equivalents decreased to HKD 12,559,779 in 2024 from HKD 19,459,659 in 2023, a decline of about 35.5%[13]. - The group reported a total accounts receivable of HKD 410,786,577 in 2024, significantly up from HKD 189,743,326 in 2023, marking an increase of 116.5%[54]. Business Operations - The increase in revenue was primarily driven by growth in securities and futures brokerage services, virtual asset services, and financial advisory services[7]. - The company has received approval from the Securities and Futures Commission to provide virtual asset trading services through its subsidiary, indicating a strategic expansion into the digital asset market[18]. - The group has established a proprietary development team and invested significantly in its own application "VictoryX" for virtual asset trading and related services[86]. - The group aims to transform placement and underwriting services into a major revenue source in the near future[75]. - The group is actively exploring potential opportunities in the financial advisory services sector, dependent on market conditions in Hong Kong and China[91]. - The group launched the "VictoryX" app, allowing simultaneous trading of securities and virtual assets, becoming the first licensed broker in Hong Kong to offer such services[96]. Market and Revenue Breakdown - Revenue from brokerage and futures services accounted for approximately 18.5% and 27.2% of total revenue for the years ending December 31, 2024, and 2023, respectively[74]. - Revenue from placement and underwriting services represented about 5.6% and 2.9% of total revenue for the years ending December 31, 2024, and 2023, respectively[75]. - Financing services contributed approximately 23.2% and 36.1% to total revenue for the years ending December 31, 2024, and 2023, respectively[80]. - Asset management services accounted for about 9.2% and 13.2% of total revenue for the years ending December 31, 2024, and 2023, respectively[81]. - Revenue from virtual asset trading and related services reached approximately HKD 14.31 million for the year ended December 31, 2024, a significant increase of 1,289.0% from HKD 1.03 million in the previous year[108]. Corporate Governance - The company has fully complied with the corporate governance code as per GEM listing rules as of December 31, 2024[144]. - The company has established an audit committee in accordance with GEM listing rules and corporate governance code[145]. - The audit committee has reviewed the accounting principles and practices adopted by the group for the year ending December 31, 2024[147]. Future Outlook - The group plans to continue investing in the virtual asset division, anticipating its growing importance in the financial sector[95]. - The group aims to bridge traditional finance and Web3, conducting offline educational activities to attract investors[88]. - The group is applying for a license to develop a virtual asset trading platform, aiming to provide comprehensive services for retail and professional investors in the Web3 sector[99].
胜利证券(08540) - 2024 - 年度业绩