Financial Performance - For the fiscal year ending December 31, 2024, the company reported a net loss of HKD 88,040,000, compared to a net loss of HKD 272,569,000 in the previous year, representing a 67.7% improvement[3]. - The company’s total comprehensive loss for the year was HKD 87,499,000, compared to HKD 271,023,000 in the previous year, indicating a significant reduction of 67.7%[4]. - The basic and diluted loss per share improved to HKD 0.10 in 2024 from HKD 0.314 in 2023, reflecting a decrease in loss per share of 68.3%[3]. - The company reported a net interest income of HKD 1,598,000, compared to a net loss of HKD 2,729,000 in the previous year, indicating a positive shift in financial performance[3]. - Other income, gains, and losses for 2024 amounted to a net loss of HKD 30,532,000, compared to a net loss of HKD 174,834,000 in 2023, indicating a significant improvement[24]. Revenue and Sales - Total revenue from sales of goods and services for 2024 was HKD 152,299,000, down from HKD 198,032,000 in 2023, indicating a decrease of 23.1%[3]. - The revenue from the packaging products business in 2024 is HKD 75,847,000, down 29.0% from HKD 106,909,000 in 2023[17]. - The revenue from the QR code business was approximately HKD 60,400,000, a decrease of about 14.7% from HKD 70,800,000 in 2023, with a segment loss of approximately HKD 9,500,000[75]. - The algae product business generated revenue of HKD 16,085,000 in 2024, a decline of 20.0% from HKD 20,323,000 in 2023[17]. - The total revenue from all segments combined was HKD 152,299,000 in 2024, down from HKD 198,032,000 in 2023, reflecting an overall decrease of approximately 23.1%[23]. Expenses and Cost Management - Administrative expenses decreased to HKD 100,453,000 in 2024 from HKD 118,007,000 in 2023, a reduction of 14.9%[3]. - Research and development expenses for 2024 are HKD 20,918,000, down from HKD 22,293,000 in 2023, reflecting a decrease of 6.1%[18]. - The company's materials cost for the year was HKD 57,652,000, a decrease from HKD 97,659,000 in 2023[29]. - The impairment loss on inventory for 2024 was HKD 544,000, significantly lower than HKD 14,517,000 in 2023, indicating improved inventory management[26]. - The company reported a significant reduction in unallocated expenses, decreasing from HKD 31,306,000 in 2023 to HKD 24,827,000 in 2024[17]. Assets and Liabilities - Current liabilities exceeded current assets by HKD 383,930,000, indicating significant liquidity concerns[8]. - The company's total liabilities amounted to HKD 40,642,000, raising doubts about its ability to continue as a going concern[8]. - The company reported a decrease in non-current assets from HKD 444,856,000 in 2023 to HKD 376,266,000 in 2024, a decline of approximately 15.4%[5]. - The company's cash and cash equivalents decreased from HKD 34,493,000 in 2023 to HKD 16,317,000 in 2024, a drop of about 52.8%[5]. - The debt-to-asset ratio increased to approximately 113% as of December 31, 2024, compared to 94% in 2023, primarily due to net losses incurred by the company[81]. Strategic Initiatives - The company plans to focus on new product development and market expansion strategies to enhance future growth prospects[2]. - The company aims to expand the sales market for its products in mainland China to improve liquidity and profitability[8]. - The company is actively seeking additional financing sources to enhance operational cash flow and meet financial needs[8]. - The company is developing new products such as artificial fish, shrimp, and plant-based milk, and is expanding its market and customer base due to increasing health awareness[80]. - The company anticipates that the strategic financial planning consultant will leverage investment banking relationships to identify potential investors and projects, enhancing growth opportunities[62]. Segment Performance - The group has four reportable segments, each independently managed to assess performance and allocate resources[13]. - The segments include QR code business, packaging products, financial investment, and production and sale of microalgae products[15]. - The total segment loss for 2024 is HKD 43,721,000, significantly improved from a loss of HKD 230,384,000 in 2023[17]. - The financial investment business reported a net income of HKD 4,565,000 in 2024, compared to a loss of HKD 894,000 in 2023[17]. - The revenue from the provision of two-dimensional code packaging products decreased from HKD 13,620,000 in 2023 to HKD 6,328,000 in 2024, a decline of approximately 53.6%[22]. Governance and Compliance - The consolidated financial statements are prepared based on the Hong Kong Financial Reporting Standards and comply with the relevant disclosure requirements[10]. - The company is committed to ensuring the accuracy of its financial reporting and compliance with applicable regulations[10]. - The group has complied with all applicable corporate governance codes as of December 31, 2024[104]. - The independent auditor's report was commissioned to review the consolidated financial statements of the group for the year ending December 31, 2024[68]. - The board of directors includes both executive and non-executive members, ensuring a diverse governance structure[112].
透云生物(01332) - 2024 - 年度业绩