Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 1,717,242,000, a decrease of 11.3% from HKD 1,935,876,000 in 2023[3] - Gross profit increased to HKD 54,028,000, up 12.8% from HKD 47,861,000 in the previous year[3] - Profit before tax for the year was HKD 11,473,000, representing a slight increase of 4.2% compared to HKD 11,007,000 in 2023[3] - Net profit for the year was HKD 9,817,000, up 8.9% from HKD 9,010,000 in 2023[3] - Basic earnings per share increased to HKD 3.51, compared to HKD 3.22 in the previous year, reflecting a growth of 9.0%[4] - Revenue decreased by 11% due to industry challenges and changing consumer demand, while gross margin improved[25] - Net profit attributable to equity holders increased by 9%, reaching HKD 9,817,000 compared to HKD 9,010,000 in the previous year[16] Assets and Liabilities - Total assets decreased to HKD 179,255,000 from HKD 212,393,000, a decline of 15.6%[4] - Current liabilities decreased significantly to HKD 27,616,000 from HKD 64,555,000, a reduction of 57.2%[4] - Non-current liabilities increased to HKD 6,059,000 from HKD 4,191,000, an increase of 44.7%[4] - Total assets amounted to HKD 204,655,000, with total equity at HKD 170,980,000 and total liabilities at HKD 33,675,000[28] Cash and Cash Equivalents - Cash and cash equivalents decreased to HKD 81,042,000 from HKD 110,498,000, a decline of 26.7%[4] - Cash and cash equivalents were HKD 81,042,000, down from HKD 110,498,000 in the previous year[28] Dividends and Shareholder Returns - The company plans to distribute a final dividend of HKD 1.5 cents per share, totaling HKD 4,200,000, pending shareholder approval[22] Employee and Compensation - As of December 31, 2024, the number of employees decreased to 57 from 65 in the previous year, with total employee compensation and benefits amounting to HKD 22,361,000, up from HKD 18,817,000 in 2023[31] Governance and Compliance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and has complied with its provisions[35] - The audit committee, composed entirely of independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2024, with the auditors agreeing to the financial data presented[37] Business Strategy and Outlook - The company is actively seeking business expansion and diversification opportunities, including strategic acquisitions[26] - The company expresses optimism for future growth despite uncertainties, focusing on resilience, strategic priorities, and innovation[41] Environmental and Social Responsibility - The company emphasizes its commitment to high environmental and social standards, ensuring sustainable business practices and compliance with relevant laws and regulations[34] Risk Management - The company has no currency hedging policy but monitors currency fluctuation risks, particularly concerning USD and HKD, which are linked[32] Other Information - The company has no outstanding borrowings as of December 31, 2024[28] - The company has no significant contingent liabilities or guarantees as of December 31, 2024, consistent with the previous year[33] - The company maintains a sufficient public float throughout the year ending December 31, 2024[39] - The company has not engaged in the purchase, sale, or redemption of its listed securities as of year-end[38] - The annual report for 2024 will be distributed to shareholders in April 2025 and will also be available on the company's website[40]
新龙移动(01362) - 2024 - 年度业绩