Financial Performance - Total operating income for the year ended December 31, 2024, was HKD 23,652,000, a decrease of 67.1% compared to HKD 71,754,000 in 2023[2] - Net loss before tax for the year was HKD 21,598,000, compared to a loss of HKD 6,311,000 in the previous year, representing an increase in loss of 242.5%[4] - Basic and diluted loss per share for the year was HKD 15.11, compared to HKD 4.46 in 2023, indicating a significant increase in loss per share[4] - The company reported an operating loss of approximately HKD 21,600,000 for 2024, compared to a loss of HKD 6,300,000 in 2023, indicating a significant deterioration in performance[32] - The fair value loss on listed equity investments for the year was approximately HKD 10,400,000, compared to a fair value gain of about HKD 13,000,000 in the previous year[39] Assets and Equity - Total assets as of December 31, 2024, amounted to HKD 33,098,000, down 37.0% from HKD 52,558,000 in 2023[8] - Total equity attributable to owners decreased to HKD 31,862,000 from HKD 49,304,000, a decline of 35.3%[8] - Current assets decreased to HKD 16,990,000 from HKD 34,898,000, a reduction of 51.3%[8] - The company reported a significant decrease in financial assets at fair value through profit or loss, dropping from HKD 21,976,000 in 2023 to HKD 11,707,000 in 2024, a decline of 46.8%[8] - The net asset value of the company decreased to approximately HKD 31,900,000 in 2024, down by about HKD 17,400,000 from the previous year[32] - The company's investment portfolio value decreased by HKD 11,200,000, totaling approximately HKD 20,100,000 as of December 31, 2024[33] - The fair value of listed equity securities held by the company was HKD 20,065,000 in 2024, down from HKD 31,342,000 in 2023, reflecting a decline of 36%[25] Income and Expenses - Administrative expenses were reduced to HKD 10,579,000 from HKD 18,436,000, a decrease of 42.5%[4] - The company's total other income for 2024 was HKD 83,000, up from HKD 63,000 in 2023, marking a 31.7% increase[18] - The operating loss increased from HKD 6,300,000 to approximately HKD 21,600,000 for the year ended December 31, 2024, attributed to fair value losses of about HKD 10,400,000 from non-index stocks[38] - Dividend income from financial assets measured at fair value through profit or loss increased to HKD 328,000 in 2024 from HKD 220,000 in 2023, representing a 49.1% increase[16] Corporate Governance - The company adhered to all provisions of the corporate governance code for the fiscal year 2024, except for certain instances regarding timely distribution of meeting agendas and documents[61] - The audit committee consists of three independent non-executive directors, with Mr. Tam as the chairman, and has reviewed the company's annual performance for the year ending December 31, 2024[65] - The remuneration committee is also composed of three independent non-executive directors, with Mr. Tam as the chairman[66] Share Capital and Financing - The total issued share capital increased to 169,707,187 shares as of December 31, 2024, from 141,423,187 shares in 2023[54] - The company raised approximately HKD 4,120,000 from the placement of 28,284,000 new ordinary shares, with planned uses including potential investments and general working capital[51] - The capital debt ratio remained low at 0.2% as of December 31, 2024, compared to 1.2% in the previous year[48] - The company did not purchase, sell, or redeem any of its own shares during the year ending December 31, 2024[69] Future Outlook - The outlook indicates that external macroeconomic factors remain a primary risk, with ongoing geopolitical tensions affecting investor sentiment[45] Employee and Management - The company had 15 employees and directors as of December 31, 2024, compared to 13 in 2023[59] - The chairman of the board is Dr. Lam, who leads the board and is responsible for overall corporate development and strategic planning[62] Miscellaneous - The company did not incur any income tax expenses for the year, consistent with the previous year[4] - The company has adopted new and revised Hong Kong Financial Reporting Standards, which are not expected to have a significant impact on the financial statements[10] - The company has not engaged in any significant acquisitions or disposals of subsidiaries during the year, aside from restructuring efforts[52] - The preliminary announcement of the consolidated financial statements for the year ending December 31, 2024, has been agreed upon by the company's auditor[70] - The annual general meeting is scheduled for June 6, 2025, with a suspension of share registration from June 2 to June 6, 2025, to determine shareholder voting rights[72][73] - The annual report for the year ending December 31, 2024, will be distributed to shareholders and published on the company's website at an appropriate time[74] - The company expresses gratitude to the board, management, and employees for their support and contributions to the group[75]
中国铸晨81(00810) - 2024 - 年度业绩