Financial Performance - Revenue for the year ended December 31, 2024, increased to HKD 1,553,244,000, up from HKD 1,449,340,000 in 2023, representing a growth of approximately 7.2%[2] - The net loss for the year was HKD 13,673,000, significantly improved from a loss of HKD 72,431,000 in the previous year, indicating a reduction in losses by approximately 81.1%[2] - Total comprehensive expenses for the year amounted to HKD 62,487,000, down from HKD 118,457,000 in 2023, reflecting a decrease of about 47.3%[3] - Basic and diluted loss per share improved to HKD (2.16) from HKD (11.47), indicating a significant enhancement in per-share performance[3] - The company reported a loss attributable to shareholders of HKD 13,673,000 for 2024, compared to a loss of HKD 72,431,000 in 2023[24] - The loss attributable to the company's owners decreased by 81.1% to HKD 13,673,000, compared to HKD 72,431,000 in 2023[34] Revenue Breakdown - Revenue from the manufacturing and sales of molds and related products for the year ended December 31, 2024, was HKD 1,553,244,000, an increase of 7.2% from HKD 1,449,340,000 in 2023[17] - Revenue from China was HKD 1,365,141,000 in 2024, up 8.5% from HKD 1,258,229,000 in 2023[17] - Other income for 2024 totaled HKD 13,766,000, a decrease of 34% from HKD 20,846,000 in 2023[18] Assets and Liabilities - The company's total assets less current liabilities decreased to HKD 1,770,150,000 from HKD 1,899,680,000, a decline of approximately 6.8%[5] - Non-current assets, including investment properties, decreased to HKD 809,141,000 from HKD 956,539,000, a reduction of about 15.4%[5] - The company’s total equity decreased to HKD 1,673,543,000 from HKD 1,798,762,000, a decline of about 7.0%[7] - Trade receivables increased to HKD 99,319,000 in 2024 from HKD 94,977,000 in 2023[26] - Total trade, notes, and other receivables decreased to HKD 155,368,000 in 2024 from HKD 177,177,000 in 2023[26] - Trade payables rose to HKD 46,137,000 in 2024 from HKD 35,820,000 in 2023[28] Cash Flow and Expenses - The company's cash and cash equivalents increased to HKD 546,648,000 from HKD 428,758,000, representing a growth of approximately 27.5%[5] - The total inventory cost recognized as an expense during the year was HKD 1,330,513,000, slightly down from HKD 1,336,058,000 in 2023[25] - The company reported a decrease in employee benefit expenses to HKD 427,494,000 from HKD 411,454,000, an increase of approximately 3.9%[2] - The cost of materials and consumables used to generate revenue decreased by 5.3%, with the percentage of these costs relative to revenue dropping to 38.7% from 43.8% in 2023[34] Dividends and Grants - The company declared an interim dividend of HKD 0.05 per share for 2024, totaling HKD 31,584,000, consistent with the previous year[23] - The board has proposed a final dividend of HKD 0.06 per share and a special final dividend of HKD 0.12 per share for the year ending December 31, 2024, subject to shareholder approval[45] - The company received government grants of HKD 1,085,000 in 2024, down from HKD 4,429,000 in 2023[18] Strategic Focus and Market Outlook - The company plans to cautiously adjust marketing strategies to adapt to market changes and expand opportunities in China and other overseas markets[39] - The company aims to leverage its competitive advantages to secure high-value mold orders and adjust pricing to enhance sales revenue[32] - The group anticipates continued demand for high-end electronic technology products and high-performance environmentally friendly home appliances, driven by government initiatives to stimulate consumption and economic growth[40] - The group expects sustained growth in the environmentally friendly electric vehicle sector, which will accelerate the development of its automotive business[40] - The group will focus on research and development of plastic and die-casting production technologies to enhance overall processing capabilities and product quality[40] - The group aims to reduce costs and increase efficiency to mitigate operational risks and strengthen its competitive advantage[40] - The group is committed to exploring existing and potential market opportunities to maintain its industry leadership[40] - The group will continue to innovate and adapt to the changing business environment as it approaches its 50th anniversary in 2025[40] Corporate Governance - The group acknowledges the support of all employees, shareholders, and business partners in its ongoing efforts[41] - The group has adhered to all corporate governance codes as stipulated by the Hong Kong Stock Exchange for the year ending December 31, 2024[49] - There were no purchases, sales, or redemptions of the company's shares or other securities by the company or its subsidiaries for the year ending December 31, 2024[48]
龙记集团(00255) - 2024 - 年度业绩