Financial Performance - The total revenue for Build King Holdings Limited for the year ended December 31, 2024, was HKD 14,369 million, an increase from HKD 12,507 million in 2023, representing a growth of approximately 14.9%[3] - The net profit attributable to the owners of the company for the year was HKD 434 million, down from HKD 473 million in the previous year, indicating a decrease of about 8.2%[3] - The earnings per share (EPS) for the year was HKD 0.349, compared to HKD 0.381 in 2023, reflecting a decline of approximately 8.4%[3] - The total comprehensive income for the year was HKD 416 million, compared to HKD 456 million in 2023, a decrease of about 8.8%[4] - The gross profit margin for the year was approximately 8.0%, down from 10.4% in 2023, indicating a decline in profitability[3] - The segment profit for Hong Kong was HKD 581,051 thousand in 2024, down from HKD 816,439 thousand in 2023, indicating a decline of about 28.8%[21][23] - The segment profit for China showed a loss of HKD 16,880 thousand in 2024, compared to a loss of HKD 15,364 thousand in 2023, reflecting a worsening performance[21][23] - The total segment profit for the group in 2024 was HKD 564,171 thousand, down from HKD 801,075 thousand in 2023, marking a decrease of approximately 29.5%[21][23] - The group reported a pre-tax profit of HKD 496,677 thousand for 2024, compared to HKD 641,000 thousand in 2023, a decline of about 22.6%[21][23] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.075 and a special dividend of HKD 0.060 per share[2] - Total dividends declared for 2024 amounted to HKD 136,606, a decrease of 24.19% from HKD 180,072 in 2023[31] - The company plans to propose a final dividend of HKD 7.5 per share and a special dividend of HKD 6.0 per share, pending shareholder approval[31] Assets and Liabilities - The company's non-current assets decreased to HKD 1,132 million from HKD 1,692 million in 2023, a decline of approximately 33.1%[6] - Current liabilities increased to HKD 5,757 million from HKD 5,500 million in 2023, representing an increase of about 4.7%[7] - The net current assets increased to HKD 1,586 million from HKD 1,125 million in 2023, reflecting an increase of approximately 41.0%[7] - As of December 31, 2024, the group's current assets amounted to HKD 1,992,000,000, an increase from HKD 1,390,000,000 as of December 31, 2023[53] - The group has total interest-bearing borrowings of HKD 99,000,000 as of December 31, 2024, down from HKD 238,000,000 as of December 31, 2023[53] - The total equity of the group as of December 31, 2024, was HKD 2,675,000,000, compared to HKD 2,402,000,000 as of December 31, 2023, reflecting a growth of approximately 11.4%[55] - The capital debt ratio as of December 31, 2024, was 4%, a decrease from 10% as of December 31, 2023[55] Income and Expenses - The group’s total investment income for 2024 was HKD 984 thousand, a decrease from HKD 4,306 thousand in 2023, indicating a decline of about 77.2%[21][23] - Financial costs decreased to HKD 16,491 in 2024 from HKD 27,459 in 2023, a reduction of 40.00%[28] - The income tax expense for 2024 was HKD 67,652, down from HKD 173,551 in 2023, reflecting a decrease of 61.00%[29] - The tax expense for the year decreased to HKD 68 million, down from HKD 174 million in the previous year[43] Operational Highlights - The group’s construction contract revenue for 2024 was HKD 14,153,310 thousand, up from HKD 12,290,182 thousand in 2023, an increase of approximately 15.2%[20][23] - The total income from construction contracts in Hong Kong was HKD 14.2 billion, up from HKD 12.3 billion in 2023[45] - The total contract amount as of the reporting date was HKD 31.6 billion, providing significant revenue assurance for the next two years[45] - Income from domestic environmental infrastructure projects was HKD 215 million, slightly down from HKD 217 million in 2023[46] - The output capacity of the four steam supply plants increased by 11% from an average of 81 tons per hour in 2023 to 90 tons per hour in 2024[46] Legal and Compliance - The group has recognized a full provision for the recoverability of a deposit of RMB 34,000,000 due to ongoing legal disputes with a heating contractor[52] - The group is seeking compensation of RMB 50,000,000 from the local government for the value of assets transferred in 2021 related to a joint venture[52] Employee and Remuneration - The total remuneration for the group’s 3,784 employees for the year ending December 31, 2024, was approximately HKD 1,825,000,000[52] Accounting Standards - The group expects that the application of new accounting standards will not have a significant impact on its financial position and performance[17] - The group is currently assessing the detailed impact of the new Hong Kong Financial Reporting Standards on its consolidated financial statements[18] - The new accounting standards are set to take effect from January 1, 2026, and January 1, 2027, respectively, with early application permitted[17][18]
利基控股(00240) - 2024 - 年度业绩