Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 815,181,000, representing a 48.5% increase from HKD 549,554,000 in the previous year[3] - Gross profit for the same period was HKD 158,150,000, up 43.8% from HKD 110,022,000[3] - The net profit for the year was HKD 85,787,000, an increase of 39.5% compared to HKD 61,475,000 in the prior year[3] - Basic earnings per share rose to HKD 17.73 from HKD 12.60, reflecting a 40.5% increase[3] - Total revenue for the year 2024 reached HKD 815,181,000, a 48.5% increase from HKD 549,554,000 in 2023[22] - Revenue from public tunnel projects was HKD 545,082,000, up 67.5% from HKD 325,178,000 in the previous year[22] - Other income rose to HKD 1,642,000 in 2024, an increase of 25.3% from HKD 1,310,000 in 2023[25] - The net profit attributable to the owners of the company for the year ending December 31, 2024, was approximately HKD 86,171,000, up from HKD 61,479,000 in the previous year[60] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 275,746,000, compared to HKD 253,361,000 in the previous year[4] - The company's net asset value increased to HKD 171,508,000 from HKD 131,071,000, marking a 30.8% growth[5] - The company reported a decrease in trade and other receivables to HKD 127,382,000 from HKD 146,661,000[4] - The company has made investments in non-current assets, increasing from HKD 19,736,000 to HKD 43,811,000[4] - Trade receivables decreased to HKD 117,182,000 in 2024 from HKD 138,897,000 in 2023, a decline of 15.6%[24] - Contract assets increased to HKD 115,954,000 in 2024, compared to HKD 98,833,000 in 2023, reflecting a growth of 17.3%[24] - The company’s total liabilities for trade and other payables increased to HKD 55,182,000 in 2024 from HKD 53,141,000 in 2023[33] Costs and Expenses - Profit before tax for 2024 was significantly impacted by increased costs, with construction materials and subcontracting costs rising to HKD 210,738,000 and HKD 82,658,000 respectively[26] - The company reported a tax expense of HKD 18,547,000 for 2024, compared to HKD 9,388,000 in 2023, reflecting an increase of 97%[26] - The company's service costs increased to approximately HKD 657,031,000, up by HKD 217,499,000 or 49.5% from HKD 439,532,000 in the previous year[49] - Administrative expenses rose to approximately HKD 40,961,000, an increase of HKD 12,948,000 or 46.2% from HKD 28,013,000 in the previous year[56] - Total employee costs, including service costs and administrative expenses, were approximately HKD 306,462,000 for the year ended December 31, 2024, compared to approximately HKD 201,096,000 in 2023, indicating a significant increase in labor expenses[75] Shareholder Information - The company declared an interim dividend of HKD 0.04 per share for 2024, totaling approximately HKD 19,421,000, compared to no dividend in 2023[28] - The company proposed a final dividend of HKD 0.04 per share, down from HKD 0.05 per share in the previous year, resulting in a total dividend of HKD 0.08 per share for the year[61] - The company repurchased 6,464,000 shares during the year, with a total cost of approximately HKD 2,135,420[35] - The share repurchase aims to enhance the net asset value per share for shareholders[83] Strategic Plans and Market Outlook - The company plans to continue expanding its underground construction and engineering services, focusing on market growth and new technology development[9] - The group is focusing on diversifying its operations beyond tunnel construction, exploring opportunities in earthworks and bridge engineering[38] - The Hong Kong government is expected to increase its basic engineering expenditure from an average of HKD 90 billion per year to approximately HKD 120 billion, which will benefit the construction sector[43] - MTR Corporation plans to invest about HKD 100 billion to expand its railway network, which is anticipated to create more job opportunities during the construction phase[44] Corporate Governance and Compliance - The audit committee has reviewed the annual results for the year ended December 31, 2024[86] - The annual report will be published on or before April 30, 2025, in compliance with GEM listing rules[93] - The announcement will be published on the Hong Kong Stock Exchange website and the company's website for at least seven days from the date of publication[95]
骏杰集团控股(08188) - 2024 - 年度业绩