Financial Performance - For the year ended December 31, 2024, the total revenue was HK$182,963,000, a decrease of 17.8% compared to HK$222,427,000 in 2023[3] - The gross profit for 2024 was HK$53,329,000, down 27.7% from HK$73,733,000 in 2023[3] - The net loss attributable to the company for 2024 was HK$51,255,000, compared to a net loss of HK$24,227,000 in 2023, representing an increase in loss of 111.5%[5] - The total comprehensive loss for the year was HK$58,636,000, compared to HK$36,996,000 in 2023, indicating a 58.3% increase in comprehensive loss[5] - The basic and diluted loss per share for 2024 was HK$0.160, compared to HK$0.076 in 2023, reflecting a 110.5% increase in loss per share[5] - Operating loss for 2024 was HKD 51.6 million, compared to an operating loss of HKD 23.7 million in 2023[42] - Net loss for 2024 was HKD 51.3 million, compared to a net loss of HKD 24.2 million in 2023[42] Assets and Equity - The company's total assets decreased to HK$816,342,000 in 2024 from HK$877,676,000 in 2023, a decline of 7%[7] - Current assets decreased to HK$256,335,000 in 2024 from HK$272,031,000 in 2023, a reduction of 5.8%[7] - The company's cash and cash equivalents were HK$141,733,000 in 2024, down from HK$145,176,000 in 2023, a decrease of 2.5%[7] - The total equity decreased to HK$754,646,000 in 2024 from HK$813,282,000 in 2023, a decline of 7.2%[8] - The total amount of non-current assets decreased to HKD 560,007,000 in 2024 from HKD 605,345,000 in 2023, a reduction of 7.5%[doc id='18'] - Cash and cash equivalents as of December 31, 2024, were HKD 141.7 million, with no bank debt issued[43] Revenue Sources - Major customers contributed HKD 95,480,000 to total revenue in 2024, up from HKD 75,103,000 in 2023, indicating a growth of 27.1%[23] - Bank interest income increased to HKD 3,920,000 in 2024 from HKD 3,072,000 in 2023, reflecting a rise of 27.7%[24] - The company’s total sales in the United States decreased to HKD 156,942,000 in 2024 from HKD 189,534,000 in 2023, a decline of 17.2%[18] - The company’s total sales in the European Union increased to HKD 3,801,000 in 2024 from HKD 2,913,000 in 2023, a growth of 30.4%[18] - The company’s total sales in other countries decreased to HKD 11,200,000 in 2024 from HKD 18,395,000 in 2023, a decline of 39.2%[18] Segment Performance - The communications segment reported sales of HKD 38.7 million in 2024, down 14% from HKD 45.1 million in 2023[44] - The data processing segment's sales were HKD 26.3 million in 2024, a decrease of 37% from the previous year[45] - Sales in the industrial applications segment were HKD 61.4 million in 2024, down 13% from HKD 70.4 million in 2023[46] - The high-reliability products segment reported sales of HKD 56.6 million in 2024, a decrease of 13% from HKD 65.2 million in 2023[47] Strategic Focus - The company plans to focus on core competencies, streamline operations, and diversify revenue sources to navigate economic challenges[49] Governance - The board of directors includes executive directors Mr. Hsiao Yu-Chung (Chairman), Ms. Hsu Hui-Mei (Vice Chairman), Mr. Shang Cheng-Hui, and Ms. Hsiao Lien-Na, along with independent non-executive directors Mr. Chung Pui-Lam, Mr. Lee Kit-Wah, and Mr. Wong Wah-Sang[66] Dividends - The company did not declare a final dividend for the year ending December 31, 2024, consistent with no interim dividend declared in 2023[36]
连达科技控股(00889) - 2024 - 年度业绩