Financial Performance - The total revenue for the fiscal year ending December 31, 2024, was HKD 3,191.09 million, an increase from HKD 216.83 million in the previous year[4]. - Gross profit for the fiscal year was HKD 52.67 million, slightly down from HKD 54.78 million year-on-year[4]. - The net profit for the year was HKD 9.03 million, compared to HKD 12.46 million in the previous year, indicating a decrease of approximately 27.5%[4]. - Basic earnings per share for the year were HKD 0.09, down from HKD 0.15 in the previous year[5]. - The company reported a total comprehensive income of HKD 4.41 million for the year, a decrease from HKD 13.63 million in the previous year[5]. - Administrative expenses for the year were HKD 30.43 million, down from HKD 32.24 million year-on-year[4]. - Interest income decreased to HKD 1.22 million from HKD 1.52 million in the previous year[4]. - The company incurred a financial asset impairment loss of HKD 8.15 million, compared to HKD 3.60 million in the previous year[4]. Market Strategy and Future Outlook - The company plans to explore new market expansion strategies and product development initiatives in the upcoming fiscal year[4]. - The company aims to enhance operational efficiency and reduce costs to improve profitability moving forward[4]. - Future guidance suggests a cautious outlook with a focus on maintaining operational efficiency amid market fluctuations[6]. - The company plans to enhance its research and development efforts to drive innovation in new technologies[6]. Assets and Liabilities - Total assets decreased from 154,990 thousand to 148,408 thousand, a decline of approximately 4%[6]. - Non-current assets amounted to 54,998 thousand, down from 61,760 thousand, representing a decrease of about 11%[6]. - Current assets decreased from 144,878 thousand to 144,285 thousand, a slight decline of around 0.4%[6]. - Total liabilities increased from 44,886 thousand to 57,637 thousand, an increase of approximately 28.5%[7]. - Total equity rose from 138,399 thousand to 142,762 thousand, reflecting an increase of about 3.3%[7]. - Cash and cash equivalents decreased from 50,220 thousand to 42,970 thousand, a decline of approximately 14.4%[6]. - The company reported a current liability of 34,952 thousand, compared to 38,130 thousand, indicating a decrease of about 8.4%[6]. Segment Performance - The company identified three reportable segments: Production, Energy Efficiency, and Others, with the latter including property investments and corporate activities[15]. - The production segment generated a profit before tax of 9,763 thousand HKD, while the energy efficiency segment reported a loss of 11,079 thousand HKD for the fiscal year ending December 31, 2023[18]. - The company reported a total segment profit of 18,061 thousand HKD for the fiscal year ending December 31, 2023, compared to 11,609 thousand HKD for the previous year, reflecting a growth of approximately 55.5%[18]. - Revenue from the energy efficiency segment was 191,090 thousand MYR in 2024, compared to 216,830 thousand MYR in 2023, indicating a decrease of about 11.9%[22]. Employee and Operational Metrics - The group employed 689 employees, an increase from 631 employees in 2023[59]. - Employee costs for the fiscal year were approximately 53.4 million MYR, compared to about 49.7 million MYR in 2023, reflecting an increase of approximately 5.6%[59]. - The current ratio as of December 31, 2024, was approximately 2.5 times, down from 3.2 times in 2023[48]. Corporate Governance and Compliance - The company has adhered to all provisions of the Corporate Governance Code during the fiscal year[69]. - The audit committee has reviewed the group's consolidated performance for the fiscal year and confirmed compliance with applicable accounting standards[84]. - The financial data presented does not constitute the audited consolidated financial statements for the fiscal year but represents excerpts from those statements[85]. Shareholder Transactions - The company agreed to purchase 50 multi-storey units in Malaysia's Picasso Residence for a total price of 61,982,000 MYR (approximately 109,689,545.40 HKD) on April 27, 2023[72]. - The shareholders approved the related party transaction at a special meeting held on November 11, 2024[75]. - PRG Holdings' shareholding in the company increased from 50.45% to 67.72% following the completion of a property acquisition[79].
飞霓控股(08480) - 2024 - 年度业绩