Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of HKD 783,502,000, representing a 10% increase from HKD 714,129,000 in 2023[4] - The profit attributable to equity holders of the company for the same period was HKD 87,220,000, a significant increase of 49% compared to HKD 58,390,000 in the previous year[4] - Basic earnings per share rose to HKD 6.55, up from HKD 4.38 in 2023[5] - The company's operating profit for the year was HKD 92,399,000, compared to HKD 62,605,000 in the prior year[5] - Revenue from construction materials trading, primarily pipes and fittings, for the year ended December 31, 2024, was HKD 783,502,000, an increase of 9.7% from HKD 714,129,000 in 2023[14] - Revenue from Hong Kong increased to HKD 725,054,000 in 2024 from HKD 637,052,000 in 2023, representing a growth of 13.8%[14] - Operating profit for 2024 was HKD 691,181,000, up from HKD 652,719,000 in 2023, reflecting a growth of 5.9%[16] - Basic earnings per share for 2024 were HKD 87,220,000, compared to HKD 58,390,000 in 2023, indicating an increase of 49.4%[19] - The company recorded revenue of approximately HKD 783,500,000 for the year, an increase of 9.7% compared to HKD 714,100,000 in the previous year[24] - Profit attributable to equity holders was HKD 87,200,000, representing a 49.3% increase from HKD 58,400,000 in the previous year[24] Assets and Liabilities - Total assets increased to HKD 1,036,836,000, up from HKD 950,129,000 in 2023[7] - The company's total equity rose to HKD 817,041,000, compared to HKD 729,781,000 in the previous year[8] - Current assets net increased to HKD 779,612,000 from HKD 620,198,000 in 2023[8] - Trade receivables increased to HKD 202,222,000 in 2024 from HKD 188,649,000 in 2023, a rise of 7.2%[21] - Trade payables rose to HKD 48,532,000 in 2024 from HKD 30,144,000 in 2023, an increase of 60.8%[23] - The provision for trade receivables increased to HKD 6,655,000 in 2024 from HKD 1,315,000 in 2023, a significant rise of 404.6%[22] - The company has a total borrowing of approximately HKD 50,500,000, down from HKD 62,200,000 in the previous year[31] Financial Income and Expenses - The company reported a net financial income of HKD 8,486,000, an increase from HKD 6,239,000 in the previous year[5] - The company reported a net financial income of HKD 8,486,000 in 2024, up from HKD 6,239,000 in 2023, a growth of 36.0%[17] - Financial income increased by 19.2% to HKD 15,500,000 from HKD 13,000,000 in the previous year, due to an increase in bank deposits[29] - Sales and distribution costs increased by 5.0% to HKD 25,200,000 from HKD 24,000,000 in the previous year[28] - General and administrative expenses rose by 13.6% to approximately HKD 124,100,000 from HKD 109,200,000 in the previous year[28] Corporate Governance and Compliance - The company has not adopted any new standards that are expected to have a significant impact on its financial statements for the current or future reporting periods[11] - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with 2023[20] - The board is committed to maintaining high standards of corporate governance and has complied with the relevant rules as of December 31, 2024[39] - The audit committee, consisting of five independent non-executive directors, reviewed the annual accounts and confirmed consistency with the audited financial statements[40] - All directors confirmed full compliance with the standard code of conduct regarding securities trading for the year ending December 31, 2024[41] Future Outlook and Employee Information - The company remains optimistic about future opportunities due to government support for public housing and infrastructure projects[30] - The company employed 174 full-time staff, with employee benefit expenses totaling approximately HKD 88,600,000, up from HKD 75,900,000 in the previous year[36] - The company did not repurchase any shares during the year[38] - The annual performance announcement is available on the company's website and the Hong Kong Stock Exchange[42] - The company expresses gratitude to shareholders, customers, suppliers, and banks for their continued support[43] - The company launched several new products, enhancing its product coverage and meeting diverse customer needs[24]
中国管业(00380) - 2024 - 年度业绩