Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately HKD 687,883,000, a significant increase of 77.5% compared to HKD 387,620,000 for the fiscal year ending December 31, 2023[3] - The net realized gains from investments and other investment products for the fiscal year ending December 31, 2024, amounted to approximately HKD 12,505,000, compared to a net loss of HKD 3,149,000 in the same period of 2023[3] - The net profit attributable to shareholders for the fiscal year ending December 31, 2024, was approximately HKD 5,005,000, up from HKD 2,193,000 in the previous year, primarily driven by realized gains from investments[3] - The company's basic earnings per share for the fiscal year ending December 31, 2024, was HKD 0.039, compared to HKD 0.017 in 2023, reflecting improved profitability[5] - The company's pre-tax profit for 2024 was HKD 5,005,000, compared to HKD 2,193,000 in 2023, representing an increase of 128.4%[21] - The basic earnings per share for 2024 was approximately HKD 0.00039, up from HKD 0.00017 in 2023, indicating an increase of 129.4%[24] Assets and Liabilities - As of December 31, 2024, the company's net asset value was approximately HKD 542,711,000, a slight decrease from HKD 547,668,000 in 2023, mainly due to unfavorable global economic conditions[4] - Total assets less current liabilities as of December 31, 2024, were approximately HKD 543,185,000, compared to HKD 549,049,000 in 2023[6] - The company reported a decrease in cash and bank balances to HKD 213,589,000 as of December 31, 2024, from HKD 40,578,000 in the previous year, indicating improved liquidity management[6] - The company's unutilized tax losses at the end of 2024 were approximately HKD 68,947,000, slightly down from HKD 71,726,000 in 2023[21] - The company has no pledged assets or significant contingent liabilities as of December 31, 2024[65] Investments - The company continues to focus on investments primarily in listed and unlisted companies in Hong Kong and China for medium to long-term capital appreciation[7] - The company's non-listed equity investments amounted to HKD 200,259,000 as of December 31, 2024, compared to HKD 210,221,000 in 2023, reflecting a decrease of approximately 4.6%[34] - The fair value of investments in listed equity securities in Hong Kong was HKD 86,251,000 for 2024, down from HKD 137,382,000 in 2023, indicating a decline of about 37.2%[41] - The company holds a 42.00% equity interest in Oasis Avenue Limited, which operates in the hotel services sector[27] - The company has invested approximately HK$12,600,000 for a 29.27% stake in Oasis Avenue Limited, which is involved in hotel services[54] - The company has a strategic focus on energy-saving and environmentally friendly products across six industry sectors, including new energy and new materials[51] - The company emphasizes investment in innovative business models, such as photovoltaic construction and debt securities linked to index growth[59] Operational Costs - The company’s administrative and other operating expenses increased to HKD 14,434,000 in 2024 from HKD 7,261,000 in 2023, reflecting higher operational costs[5] - Total employee compensation for the year was approximately HKD 2,883,000, an increase from HKD 2,205,000 in the previous year[75] Market Conditions and Strategy - The company anticipates ongoing challenges in the market due to weak consumer and business confidence, particularly in the real estate sector[66] - The company believes that the current challenges are temporary and will lead to a transformation towards innovative models for long-term growth[66] - The company plans to focus on innovative business models to uncover investment opportunities in response to the challenging global environment[66] Corporate Governance - The company has not adopted any new accounting standards that are expected to have a significant impact on its financial statements in the foreseeable future[11] - The board of directors includes Mr. Xiangxin as the chairman and CEO, and Mr. Chen Changyi as an executive director[79] - The annual report will be published on the stock exchange and the company's website at an appropriate time[77] Dividends and Shareholder Returns - The company did not recommend any dividends for the years ended 2024 and 2023[25] - The company aims to optimize its capital structure to maximize returns for shareholders while managing risks effectively[47] - The company has maintained at least 25% of shares in public circulation as required by the stock exchange regulations[47] - The company's net asset value per share as of December 31, 2024, is HK$0.042, compared to HK$0.043 in 2023[49]
中国创新投资(01217) - 2024 - 年度业绩