Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately HKD 379.11 million, an increase of about 13.42% compared to HKD 334.24 million in 2023[6]. - The group's operating profit for the same period was approximately HKD 15.15 million, reflecting a slight increase of about 0.53% from HKD 15.07 million in 2023[6]. - The net profit for the fiscal year was approximately HKD 16.97 million, a decrease of about 4.50% from HKD 17.77 million in 2023[6]. - Basic earnings per share for the year were HKD 2.12, a decrease from HKD 2.22 in 2023[8]. - The company's profit before tax for 2024 was HKD 20,251,000, compared to HKD 19,816,000 in 2023, representing an increase of approximately 2.2%[35]. - The pre-tax profit for the year increased to approximately HKD 20,250,000, compared to HKD 19,820,000 in 2023[55]. - The estimated tax expense for the year was calculated at a rate of 16.5%, consistent with the previous year[34]. - The company reported a tax expense of HKD 3,367,000 for 2024, compared to HKD 2,105,000 in 2023, which is an increase of approximately 60%[35]. - The income tax expenses for the year ended December 31, 2024, were approximately HKD 3,290,000, compared to HKD 2,040,000 in 2023, with profit before tax of approximately HKD 20,250,000 for 2024[77]. Dividends - The board proposed a final dividend of HKD 0.014 per ordinary share, totaling HKD 11.20 million, compared to HKD 5.00 million in 2023[6]. - The interim dividend for 2024 is proposed at HKD 1.40 per share, up from HKD 0.75 per share in 2023, indicating an increase of 86.7%[40]. - The proposed final dividend for the year ending December 31, 2024, is HKD 1.40 per share, totaling approximately HKD 11,200,000[40]. Assets and Liabilities - Total assets increased to HKD 220,109,000 as of December 31, 2024, compared to HKD 209,529,000 in 2023, representing a growth of approximately 5.3%[11]. - Total liabilities increased from HKD 53,353,000 in 2023 to HKD 66,110,000 in 2024, reflecting a rise of about 24%[13]. - Total equity decreased from HKD 156,176,000 in 2023 to HKD 153,999,000 in 2024, a reduction of approximately 1.4%[13]. - Current assets rose significantly from HKD 200,753,000 in 2023 to HKD 212,156,000 in 2024, marking an increase of approximately 5.7%[11]. - Non-current assets decreased from HKD 8,776,000 in 2023 to HKD 7,953,000 in 2024, a decline of about 9.4%[11]. - The company’s total liabilities to equity ratio increased from 0.34 in 2023 to 0.43 in 2024, indicating a higher leverage[13]. - The company’s retained earnings decreased from HKD 148,176,000 in 2023 to HKD 145,999,000 in 2024, a decline of approximately 1.5%[13]. - Cash and cash equivalents surged from HKD 11,556,000 in 2023 to HKD 23,840,000 in 2024, an increase of about 106.5%[11]. - Trade receivables decreased from HKD 75,087,000 in 2023 to HKD 62,799,000 in 2024, a decline of approximately 16.3%[11]. - The company’s trade payables as of December 31, 2024, were valued at HKD 63,053,000, compared to HKD 50,674,000 in 2023[49]. Operating Expenses - The total operating expenses for 2024 amounted to HKD 365,252,000, up from HKD 321,384,000 in 2023, indicating an increase of approximately 13.6%[31]. - Employee benefit expenses increased by approximately 14.09% from HKD 301,080,000 for the year ending December 31, 2023, to approximately HKD 343,490,000 for the year ending December 31, 2024, accounting for about 90.61% of the group's revenue[69]. - Other operating expenses for the year ended December 31, 2024, amounted to approximately HKD 16,720,000, an increase of about 13.36% compared to HKD 14,750,000 for the year ended December 31, 2023[73]. - The group incurred employee benefit expenses of HKD 343.49 million, up from HKD 301.08 million in 2023[8]. Revenue Sources - The group's revenue from property management services for the year ended December 31, 2024, was HKD 379,106,000, an increase from HKD 334,240,000 in 2023, representing a growth of approximately 13.4%[29]. - Major customer A contributed HKD 375,447,000 to the group's revenue in 2024, accounting for over 10% of total revenue, compared to HKD 334,240,000 in 2023[28]. - The group has not identified any other single customer contributing over 10% of total revenue apart from customer A[28]. Strategic Developments - The group has acquired a subsidiary to strengthen its strategic development and aims to leverage synergies to capture government commitments for increased housing supply over the next decade[57]. - The Hong Kong government plans to supply up to 189,000 public housing units over the next five years, which is expected to create significant business growth opportunities for the public housing property management sector[62]. - The group successfully tested a property management platform utilizing digital twin technology, aiming to enhance indoor air quality and facility management[60]. - The group is focusing on sustainable development and smart city concepts to enhance service quality and market competitiveness[63]. - The group plans to continue optimizing management models and enhancing employee skills to better respond to market changes and improve service experiences[63]. Compliance and Governance - The group has maintained good corporate governance practices and has complied with all corporate governance code provisions as of December 31, 2024[98]. - The audit committee, consisting of four independent non-executive directors, has reviewed the annual performance for the year ended December 31, 2024[108]. - The board consists of five executive directors and four independent non-executive directors, ensuring a diverse governance structure[113]. - The announcement complies with the GEM listing rules of the Hong Kong Stock Exchange, affirming the accuracy and completeness of the information provided[114]. Miscellaneous - The group has not entered into any significant mergers or acquisitions during the reporting period[96]. - The group has not engaged in any purchase, sale, or redemption of its listed securities since the listing date[101]. - The group has confirmed that the financial statements for the year ending December 31, 2024, align with the draft consolidated financial statements[109]. - The group has no significant subsequent events other than those disclosed in the announcement[96].
雅居投资控股(08426) - 2024 - 年度业绩