Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 97,127,000, a decrease of 19.9% compared to HKD 121,186,000 in the previous fiscal year[2] - Gross profit for the fiscal year 2024 was HKD 31,901,000, representing an increase of 8.2% from HKD 29,460,000 in fiscal year 2023[2] - Operating profit decreased to HKD 1,477,000, down 39.2% from HKD 2,430,000 in the previous year[2] - The company recorded a profit attributable to owners of HKD 495,000, a significant decline of 62.5% compared to HKD 1,318,000 in fiscal year 2023[2] - Basic and diluted earnings per share for fiscal year 2024 were HKD 0.20, down from HKD 0.57 in fiscal year 2023[2] - Revenue from concrete demolition services decreased to HKD 97,127,000 in 2024 from HKD 121,186,000 in 2023, representing a decline of approximately 19.8%[17] - Total other income and gains increased to HKD 2,151,000 in 2024 from HKD 682,000 in 2023, marking a significant increase of approximately 215.4%[17] - The company reported a net profit attributable to owners of the company of HKD 495,000 in 2024, down from HKD 1,318,000 in 2023, indicating a decrease of approximately 62.5%[22] - Basic earnings per share decreased to HKD 0.20 in 2024 from HKD 0.57 in 2023, reflecting a decline of approximately 64.9%[22] Assets and Liabilities - Total assets decreased to HKD 61,907,000 from HKD 71,463,000, reflecting a decline of 13.3%[3] - Total liabilities also decreased to HKD 38,027,000 from HKD 48,078,000, a reduction of 20.9%[4] - The company's cash and bank balances decreased to HKD 8,520,000 from HKD 11,882,000, a decline of 28.8%[3] - Trade receivables decreased to HKD 11,489,000 in 2024 from HKD 14,141,000 in 2023, a reduction of approximately 18.8%[23] - Trade payables decreased from HKD 16.354 million in fiscal year 2023 to HKD 9.982 million in fiscal year 2024[26] - Total assets as of December 31, 2024, are approximately HKD 61.9 million, down from HKD 71.5 million on December 31, 2023[32] - The group's total liabilities and equity are approximately HKD 38.0 million and HKD 23.9 million, respectively, as of December 31, 2024[32] - The debt ratio is approximately 71.5% as of December 31, 2024, a decrease from 87.6% on December 31, 2023[33] - Interest-bearing liabilities are approximately HKD 17.1 million as of December 31, 2024, down from HKD 20.5 million on December 31, 2023[32] Operational Strategies and Market Outlook - The company has not indicated any new product launches or significant market expansion strategies during the reporting period[2] - Future outlook remains cautious due to the current market conditions and previous performance trends[2] - The group plans to focus more resources on high-tech projects requiring advanced technology and innovative execution capabilities to enhance its strategic focus[28] - The Chief Executive announced measures to accelerate the implementation of economic and housing-related projects in the Northern Metropolis area, which is expected to revitalize the construction industry in the coming years[29] - The group aims to actively participate in engineering tenders to seize new market opportunities despite facing various obstacles in the construction sector[29] Cost Management and Employee Information - The group has implemented strict cost control measures and improved resource management to navigate challenges posed by high interest rates and geopolitical tensions[28] - The group has maintained stable administrative and other operating expenses, which slightly increased by about 1.1% to approximately HKD 28.8 million in fiscal year 2024[30] - Employee costs for the fiscal year 2024 were approximately HKD 43.2 million, down from HKD 47.1 million in fiscal year 2023[44] - The group had 86 full-time employees as of December 31, 2024, compared to 85 full-time employees as of December 31, 2023[44] Governance and Compliance - The audit committee reviewed the consolidated financial statements for the fiscal year 2024 and found them compliant with applicable accounting standards and listing rules[52] - The company adhered to corporate governance principles and maintained good relationships with employees without significant issues during the fiscal year 2024[53] - The board does not recommend the payment of a final dividend for the fiscal year 2024[61] - The annual report for the fiscal year 2024 will be sent to shareholders and available on the respective websites[62] Changes in Board of Directors - Mr. Tan Deji was appointed as an independent non-executive director of China New Retail Supply Chain Group Limited in September 2024[56] - Mr. Zou Zhentao resigned as an independent non-executive director on December 2, 2024[57] - Ms. Zhang Zhang was appointed as an independent non-executive director on December 2, 2024[58] - Mr. Chen Guorong resigned as an independent non-executive director on January 2, 2025[59] - Mr. Xu Jiahao was appointed as an independent non-executive director on January 2, 2025, and resigned on March 14, 2025[59] - Mr. An Wenlong was appointed as an independent non-executive director on March 14, 2025[60]
景联集团(01751) - 2024 - 年度业绩