Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 176,428,588, a decrease of 5.3% compared to HKD 185,786,572 in 2023[3] - Gross profit increased to HKD 36,312,660, up 41.6% from HKD 25,648,701 in the previous year[3] - The company reported a loss attributable to owners of HKD 9,056,074, significantly improved from a loss of HKD 26,097,860 in 2023[3] - Basic and diluted loss per share improved to HKD 0.0339 from HKD 0.0977 in the prior year[3] - Total comprehensive loss for the year was HKD 17,305,628, compared to HKD 29,131,569 in 2023, reflecting a reduction in overall losses[4] - The company incurred a total loss of HKD 26,567,262 before tax for the year ended December 31, 2023, compared to a loss of HKD 8,752,120 in the previous year, reflecting a worsening financial performance[26][24] - The company reported a pre-tax loss of HKD 8,752,120 for 2024, an improvement from a loss of HKD 26,567,262 in 2023[38] - The loss attributable to the company's owners was approximately HKD 9,100,000, compared to HKD 26,100,000 in 2023[47] Assets and Equity - Non-current assets decreased to HKD 178,619,763 from HKD 194,624,493, indicating a decline of 8.2%[6] - Current assets also decreased to HKD 151,522,682 from HKD 189,043,712, a decline of 20%[6] - Total equity decreased to HKD 255,753,778 from HKD 299,759,886, reflecting a decline of 14.7%[6] - Total non-current assets decreased to HKD 176,370,789 in 2024 from HKD 192,445,519 in 2023, reflecting a decline of 8.4%[30] - As of December 31, 2024, the company has issued 267,004,800 ordinary shares, with total equity amounting to approximately HKD 255,800,000[64] Revenue Sources - The company reported external customer sales of HKD 185,786,572 for the year ended December 31, 2023, compared to HKD 176,428,588 for the previous year, representing a growth of approximately 5.7%[24][26] - Revenue from Mainland China increased to HKD 16,008,480 in 2024, up 12.7% from HKD 14,205,598 in 2023[29] - Revenue from North America rose to HKD 32,007,629, an increase of 8.2% compared to HKD 29,558,019 in 2023[29] - The company's total revenue from the precision components segment accounted for a significant portion of its overall revenue, highlighting its importance to the business[22] Expenses and Costs - Financing costs decreased to HKD 333,870 in 2024, down 35.8% from HKD 520,757 in 2023[35] - The company recorded a loss of approximately HKD 10,600,000 from forward currency contracts, an improvement from HKD 16,700,000 in 2023[52] - The company’s depreciation expense for property, plant, and equipment (excluding right-of-use assets) was HKD 8,832,577 for the year ended December 31, 2023[26] - Financing costs decreased by 35.9% to approximately HKD 300,000 due to reduced financing activities[53] Dividends - Proposed final dividend for 2024 is HKD 0.04 per share, down from HKD 0.08 per share in 2023, totaling HKD 10,680,192 compared to HKD 21,360,384 in 2023[40] - The company proposed a final dividend of HKD 0.04 per ordinary share, down from HKD 0.08 in 2023[49] Corporate Governance and Compliance - The company has adhered to the corporate governance code, with the roles of Chairman and CEO not being separated, which the board believes does not affect the balance of power[69] - The consolidated financial statements for the year ending December 31, 2024, have been reviewed by the audit committee and approved by the board[71] Future Outlook - The company is confident in improving profitability in 2025 despite challenges in global markets[54] Employee and Operational Information - The total number of employees as of December 31, 2024, is approximately 698, with 667 based in mainland China[66] - The group had no fundraising activities in 2024, aside from obtaining general standby credit to meet trading needs[65] - The company did not purchase, redeem, or sell any of its listed securities during the year[67] Other Financial Information - The company recognized contract liabilities of HKD 1,814,767 at the beginning of the year, down from HKD 3,134,372 in 2023[33] - The company reported a net exchange gain of HKD 962,716 for the year ended December 31, 2023, compared to a loss in the previous year[26] - Total income, including other income and gains, was HKD 180,524,120 in 2024, down 5.4% from HKD 190,812,882 in 2023[33]
坚宝国际(00675) - 2024 - 年度业绩