Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately HKD 80.51 million, a decrease of 40% compared to HKD 134.57 million in 2023[4] - The gross profit for the fiscal year ending December 31, 2024, was approximately HKD 5.39 million, an increase of 50.5% from HKD 3.58 million in 2023[4] - The loss attributable to equity holders for the fiscal year ending December 31, 2024, was approximately HKD 15.81 million, a slight improvement from a loss of HKD 16.37 million in 2023[4] - The basic and diluted loss per share for the fiscal year ending December 31, 2024, was approximately HKD 0.94, compared to HKD 0.97 in 2023[4] - The company’s total comprehensive income for the year ended December 31, 2024, was not specified but is critical for future projections[7] - The reported segment performance showed a loss before tax of HKD 15,526,000, with allocated segment performance metrics indicating a loss of HKD 9,835,000[22] - The net loss for the year ending December 31, 2024, is approximately HKD 15.8 million, a slight decrease from approximately HKD 16.4 million for the year ending December 31, 2023, with a net loss margin of about 19.6% compared to 12.2% in the previous year[108] Revenue Breakdown - The group's revenue from construction and engineering services for the year ended December 31, 2024, was HKD 61,129,000, while for the year ended December 31, 2023, it was HKD 122,774,000, indicating a decrease of approximately 50%[19] - Revenue from property-related services for the year ended December 31, 2024, was HKD 8,977,000, compared to HKD 8,412,000 for the year ended December 31, 2023, showing an increase of about 6.7%[19] - Luxury goods sales revenue for the year ended December 31, 2024, reached HKD 10,395,000, up from HKD 3,381,000 in the previous year, representing a significant increase of approximately 207%[19] - For the fiscal year ending December 31, 2024, the total revenue from external customers was HKD 80,501,000, with contributions from construction services (HKD 61,129,000), property-related services (HKD 8,977,000), and luxury goods sales (HKD 10,395,000) [22] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 204,519,000, compared to HKD 184,883,000 in 2023, reflecting an increase of 10.6%[6] - Current liabilities increased from HKD 33,062,000 in 2023 to HKD 26,116,000 in 2024, a decrease of 21.0%[6] - The total liabilities decreased from HKD 33,062,000 in 2023 to HKD 26,116,000 in 2024, a decline of 21.0%[6] - The company’s long-term service liabilities decreased from HKD 827,000 in 2023 to HKD 741,000 in 2024, a reduction of 10.4%[6] - The total reportable segment assets amounted to HKD 188,328,000, while the reportable segment liabilities were HKD 26,857,000 as of December 31, 2024 [24] Cash Flow and Financial Position - Cash and bank balances rose from HKD 137,239,000 in 2023 to HKD 121,407,000 in 2024, a decrease of 11.5%[6] - The company recorded a bank interest income of HKD 2,290,000, with a significant portion coming from construction services (HKD 605,000) and property-related services (HKD 36,000) [24] - The total cash outflow for leases was HKD 1,472,000 for the year ending December 31, 2024, up from HKD 1,162,000 in 2023, indicating a year-over-year increase of about 26.7%[63] - The present value of lease liabilities for the upcoming year is HKD 675,000, while the total present value of lease payments is HKD 1,384,000[62] Employee Costs and Remuneration - Employee costs, including director remuneration, amounted to HKD 29,011 million for the year 2023, compared to HKD 30,562 million in 2022, reflecting a decrease of approximately 5.1%[33] - The total employee cost, including director remuneration, was approximately HKD 29 million, a decrease from approximately HKD 30.6 million in 2023[121] - Total remuneration for directors and senior management for the year 2024 is HKD 4,848 million, a decrease from HKD 6,442 million in 2023[78] Compliance and Governance - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact on the current and prior periods' performance and financial position[13] - The group is committed to ensuring compliance with the latest financial reporting standards to maintain transparency and accuracy in financial reporting[18] - The company has adopted and complied with the corporate governance code as of December 31, 2024[127] - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[143] Future Outlook and Strategy - The group aims to diversify its product offerings and expand its customer base in the luxury goods sector to enhance market influence and profitability[92] - The group plans to continue monitoring market conditions and risks during the economic recovery phase to mitigate potential adverse impacts[96] - The group is exploring potential partnerships with new suppliers to expand its customer base and mitigate business risks[98] - The group’s strategy includes seeking diversification and exploring other investment opportunities beyond its current business focus[98] Related Party Transactions - The independent non-executive directors have reviewed the related party transactions and confirmed they are conducted within the normal course of business and on normal commercial terms[135] - The auditors have reported that they did not notice any issues that would lead them to believe the related party transactions were not approved by the board[137] Significant Events and Changes - There have been no significant events after the reporting period up to the date of this announcement[142] - The company has not made any significant investments or acquisitions during the fiscal year ending December 31, 2024[119]
致浩达控股(01707) - 2024 - 年度业绩