Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 9,067,962, an increase from HKD 9,006,657 in 2023, representing a growth of approximately 0.68%[3] - The gross profit for the year was HKD 668,588, compared to HKD 746,915 in the previous year, indicating a decrease of about 10.5%[3] - The net profit for the year was HKD 213,360, up from HKD 160,412 in 2023, reflecting a significant increase of approximately 32.9%[4] - Basic and diluted earnings per share increased to HKD 49.0 from HKD 31.9, marking a growth of 53.3%[4] - The total revenue for the group in 2024 was HKD 8,868,201,000, a decrease from HKD 8,920,111,000 in 2023, representing a decline of approximately 0.58%[11] - The profit from distribution of mobile and IT products in Hong Kong was HKD 2,389,724,000, down from HKD 2,625,286,000 in the previous year, indicating a decrease of about 9%[13] - The group reported a total profit before tax of HKD 277,097,000 for 2024, compared to HKD 239,321,000 in 2023, reflecting an increase of approximately 15.8%[11] - The group’s total comprehensive income for 2024 was HKD 261,359,000, compared to HKD 190,840,000 in 2023, indicating an increase of approximately 37%[11] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 8,530,115, compared to HKD 8,601,309 in 2023, showing a slight decrease of about 0.83%[5] - The total liabilities decreased from HKD 3,531,171 in 2023 to HKD 3,079,044 in 2024, a reduction of about 12.8%[5] - The company’s non-current assets decreased to HKD 4,647,047 from HKD 4,794,354, reflecting a decline of about 3.1%[5] - As of December 31, 2024, the total assets of the group amounted to HKD 8,530,115,000, with total equity of HKD 4,176,197,000 and total liabilities of HKD 4,353,918,000[41] - The current ratio improved to approximately 1.26 as of December 31, 2024, compared to 1.08 as of December 31, 2023[41] - The debt-to-equity ratio was 68% as of December 31, 2024, compared to 78% in 2023[42] Cash Flow and Financial Position - The company's cash and cash equivalents increased to HKD 1,148,732 from HKD 961,129, representing a growth of approximately 19.5%[5] - Cash and bank deposits at the end of 2024 were HKD 1,438,647,000, an increase from HKD 1,284,363,000 in 2023[41] - The net cash deficit was HKD 1,408,494,000 as of December 31, 2024, down from HKD 1,881,674,000 in 2023[42] Employee and Compensation - The number of employees increased to 1,233 as of December 31, 2024, from 1,160 in 2023[44] - Total employee compensation and benefits amounted to HKD 296,991,000 for the year ending December 31, 2024, up from HKD 255,378,000 in 2023[44] Investment and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[7] - The company recorded a fair value loss of HKD 127.6 million in Hong Kong's office and commercial property market[36] - The value of investment properties in Japan was HKD 2.08 billion, while the total value in Hong Kong, Singapore, and Thailand was HKD 1.29 billion[36] Tax and Financial Standards - The group’s income tax expense for 2024 was HKD 63,737,000, down from HKD 78,909,000 in 2023, representing a decrease of approximately 19.2%[16] - The group plans to continue applying the new Hong Kong Financial Reporting Standards, expecting no significant impact on the consolidated financial statements in the foreseeable future[9] Dividends and Shareholder Information - The company proposed a final dividend of HKD 0.02 per share, totaling HKD 5.56 million, subject to shareholder approval[6] Other Financial Metrics - The financial expenses for the group in 2024 were HKD 75,435,000, slightly lower than HKD 78,971,000 in 2023, showing a reduction of about 4.5%[11] - The group incurred a net foreign exchange loss of HKD 16,326,000 in 2024, compared to a loss of HKD 16,140,000 in 2023, indicating a slight increase in losses[14] - The group’s share of profits from associates was HKD 10,611,000 in 2024, compared to HKD 9,699,000 in 2023, marking an increase of about 9.4%[11] - The rental income from investment properties in Japan was HKD 115,337,000 in 2024, up from HKD 123,697,000 in 2023, reflecting a decrease of approximately 6.8%[11] - The total distribution revenue was HKD 8.67 billion, a 1% decrease compared to the previous year[34] - Accounts receivable and other receivables amounted to HKD 1.43 billion, slightly down from HKD 1.43 billion in the previous year[24] - Accounts payable increased to HKD 665.86 million from HKD 605.20 million in the previous year[27] - The nominal value of outstanding forward contracts was HKD 306,610,000 as of December 31, 2024, compared to HKD 160,220,000 in 2023[45] - The group has no contingent liabilities or guarantees as of December 31, 2024[46] - The company maintained sufficient public float throughout the year ending December 31, 2024[53]
SIS INT'L(00529) - 2024 - 年度业绩