Financial Performance - Total revenue for the fiscal year ending December 31, 2024, was HKD 163,068,000, a decrease of 13.7% compared to HKD 188,969,000 for the fiscal year ending December 31, 2023[5] - Gross profit for the fiscal year 2024 was HKD 56,207,000, down 21.8% from HKD 71,980,000 in 2023[5] - The company reported a net loss attributable to shareholders of HKD 23,183,000 for 2024, compared to a profit of HKD 5,038,000 in 2023[5] - Total revenue for the year 2024 was HKD 163,068,000, a decrease of 13.7% from HKD 188,969,000 in 2023[16] - Sales of sales pallets and related products amounted to HKD 153,329,000, down from HKD 172,250,000, representing a decline of 11.0%[16] - Revenue from MEMS and sensor packaging was HKD 8,552,000, a significant drop of 48.2% compared to HKD 16,508,000 in the previous year[16][17] - The Southeast Asia market generated HKD 52,956,000 in revenue, down 23.4% from HKD 69,152,000 in 2023[16] - Revenue from the Chinese market was HKD 47,732,000, slightly down from HKD 49,342,000, a decrease of 3.3%[16] - The group recorded revenue of HKD 163.1 million, a decrease of approximately HKD 25.9 million or 13.7% compared to the previous year (FY2023: HKD 189.0 million) [70] - Revenue from sales of pallets and related products decreased by approximately HKD 19.0 million (or 11.0%) to approximately HKD 153.3 million (FY2023: HKD 172.3 million) due to delayed recovery in the semiconductor upstream sector and severe global market conditions [71] - Revenue from sales of MEMS and sensor packaging decreased by approximately HKD 7.9 million (or 47.9%) to approximately HKD 8.6 million (FY2023: HKD 16.5 million) due to a major customer completing a MEMS and sensor customization project and weak market sentiment [73] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 125,026,000, a decrease from HKD 138,444,000 in 2023[6] - Current liabilities decreased to HKD 112,421,000 in 2024 from HKD 128,685,000 in 2023[6] - The company’s cash and cash equivalents increased significantly to HKD 7,541,000 in 2024 from HKD 1,073,000 in 2023[6] - The net asset value increased to HKD 73,786,000 in 2024, up from HKD 61,377,000 in 2023, reflecting a growth of 20.2%[7] - The company reported a lease liability of HKD 8,453,000, a decrease of 42.5% from HKD 14,742,000 in the previous year[7] - The total equity increased to HKD 73,786,000, compared to HKD 61,377,000 in 2023, indicating a growth of 20.2%[7] - Trade receivables decreased to HKD 32,801,000 in 2024 from HKD 33,400,000 in 2023, with expected credit loss provision increasing to HKD 105,000[39] - Total trade payables decreased to HKD 41,830,000 in 2024 from HKD 55,828,000 in 2023, indicating a reduction in liabilities[47] - Bank borrowings increased to HKD 65,703,000 in 2024 from HKD 50,996,000 in 2023, with secured loans rising to HKD 46,264,000[49] Expenses - Research and development expenses for the fiscal year 2024 were HKD 3,795,000, a decrease from HKD 4,822,000 in 2023[5] - Administrative expenses rose to HKD 33,733,000 in 2024 from HKD 27,640,000 in 2023[5] - The total depreciation expense decreased to HKD 13,470,000 in 2024 from HKD 17,300,000 in 2023, representing a reduction of about 22.5%[5] - The cost of inventory recognized as cost of sales was HKD 106,861,000 in 2024, down from HKD 116,989,000 in 2023, indicating a decrease of approximately 8.7%[5] - Total employee costs for 2024 amounted to HKD 63,449,000, an increase from HKD 60,668,000 in 2023, reflecting a rise of approximately 2.9%[5] Dividends - The company declared an interim dividend of HKD 0.33 per share, totaling HKD 11,220,000, with a portion offset against amounts owed to a major shareholder[34] - The company has conditionally declared an interim dividend of HKD 4,080 per share for 2024, totaling HKD 8,160,000, with part of the dividend offset against amounts owed to a shareholder[35] - The company has no proposed final dividend for the year ending December 31, 2024, consistent with the previous year[35] Market and Strategic Focus - The company plans to focus on market expansion and new product development in the upcoming fiscal year[4] - The company is focused on the research and development of semiconductor packaging and MEMS technology, which are key areas for future growth[9] - The group has established a diverse customer base covering the semiconductor value chain, enhancing business continuity and resilience against market fluctuations[60] - The group plans to expand its manufacturing product portfolio in the Philippines to include pallets and related products, aligning with its diversification strategy[67] - The group emphasizes product development, enhanced manufacturing, and technological innovation to maintain a competitive edge in the evolving semiconductor ecosystem[67] Economic Context - The global semiconductor industry revenue increased to USD 627.6 billion in 2024, representing a growth of 19.1% from USD 526.8 billion in the previous year[58] - The GDP growth rate in China for 2024 is reported at 5%, aligning with government targets despite global economic challenges[57] - The global economy is projected to grow at a moderate rate of 3.3% between 2025 and 2026 according to the International Monetary Fund[65] - China's economy is expected to experience moderate growth of 4.6% in 2025, slightly slowing to 4.5% in 2026[66] Corporate Governance - The company has granted a total of 5,150,000 share options under the 2024 Share Option Scheme, representing approximately 1% of the issued share capital[93] - The company has not differentiated the roles of Chairman and CEO, with Mr. Tang holding both positions, which the board believes is in the best interest of the group[98] - The audit committee, composed of three independent non-executive directors, has reviewed the group's consolidated performance for the year and confirmed compliance with applicable accounting standards and regulations[103] - There have been no significant events affecting the group since December 31, 2024, up to the date of this announcement[102] Employment and Workforce - As of December 31, 2024, the group has 312 employees, a decrease from 410 employees as of December 31, 2023[92]
优博控股(08529) - 2024 - 年度业绩