Financial Performance - For the year ending December 31, 2024, the total revenue was HKD 910,170,000, an increase of 10.8% compared to HKD 821,237,000 in 2023[4] - The gross profit for the year was HKD 322,461,000, representing a significant increase of 100.9% from HKD 160,359,000 in the previous year[4] - The net profit attributable to equity holders of the company was HKD 61,380,000, up 40.7% from HKD 43,610,000 in 2023[4] - The basic and diluted earnings per share increased to HKD 4.06, compared to HKD 2.86 in the previous year, reflecting a growth of 41.9%[4] - The total comprehensive income for the year was HKD 531,711,000, a substantial rise from HKD 47,818,000 in 2023[5] - The group reported a pre-tax profit of HKD 101,776,000 for 2024, compared to HKD 51,850,000 in 2023, reflecting an increase of approximately 96.3%[13] - Profit attributable to equity holders increased by 40.75% to HKD 61,380,000 from HKD 43,610,000 in the previous year[27] - Basic earnings per share rose by 41.96% to HKD 4.06 from HKD 2.86 in 2023[27] Asset and Equity Changes - Non-current assets increased to HKD 1,746,044,000 from HKD 822,380,000, indicating a growth of 112.3%[6] - Current assets decreased to HKD 1,817,394,000 from HKD 2,230,215,000, a decline of 18.5%[6] - The total equity attributable to equity holders of the company increased to HKD 2,750,789,000 from HKD 2,376,529,000, reflecting a growth of 15.6%[6] - The total issued share capital decreased to HKD 151,024,000 in 2024 from HKD 152,264,000 in 2023 due to share buybacks[21] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to HKD 1,201,518,000 from HKD 1,703,918,000, a reduction of 29.5%[6] - The company’s net cash and cash equivalents rose by 19.27% to HKD 2,968,709,000 from HKD 2,488,966,000 in 2023[27] - As of December 31, 2024, the company held net cash and cash equivalents of HKD 2,968,709,000, an increase from HKD 2,488,966,000 as of December 31, 2023[32] - The cash and cash equivalents as of December 31, 2024, included 75.04% in USD, 9.32% in HKD, and 15.63% in RMB, compared to 89.37%, 5.41%, and 5.21% respectively a year earlier[32] Dividend Information - The company proposed a final dividend of HKD 5.80 per share for 2024, up from HKD 4.80 per share in 2023, representing a 20.8% increase[16] - The company proposed a final dividend of HKD 5.80 per share for the year ending December 31, 2024, an increase of 20.83% from HKD 4.80 in 2023, with a total payout of approximately HKD 87,158,000[23] Investment and Financing - The company reported a significant increase in dividend income to HKD 163,795,000 from HKD 16,497,000, marking a growth of 892.5%[4] - Financial investment revenue surged by 291.00% to HKD 194,385,000, up from HKD 49,715,000 in 2023[28] - The total value of significant investments in listed corporate bonds and stocks reached HKD 1,715,955,000 as of December 31, 2024, up from HKD 766,375,000 a year earlier, representing an increase of HKD 949,580,000[34] - The company had no bank borrowings as of December 31, 2024, compared to HKD 14,175,000 in borrowings as of December 31, 2023[32] - The company’s total financing costs decreased to HKD 2,309,000 in 2024 from HKD 2,510,000 in 2023, a reduction of approximately 8%[12] Employee and Corporate Strategy - The total number of employees decreased to 413 as of December 31, 2024, down from 464 in the previous year[35] - The company plans to implement a strategy of "comprehensive high-quality development" in 2025, focusing resources on the most promising and effective businesses[38] - The company continues to focus on high-quality development and effective resource allocation to enhance shareholder returns[26] Share Buyback Activity - During the year, the company repurchased a total of 13,332,000 shares on the stock exchange[45] - A total of 13,332,000 shares were repurchased during the year, with a total expenditure of approximately 12,958,000 HKD[46] - The highest repurchase price reached 1.24 HKD per share in December, while the lowest was 0.82 HKD in January[46] - In January and February 2025, an additional 1,608,000 shares were repurchased at a total cost of approximately 1,946,000 HKD[46] - All repurchased shares have been cancelled, aiming to enhance the company's net asset value per share and earnings per share[47] - The share buyback was authorized by shareholders at the annual general meetings in 2023 and 2024[47] Corporate Social Responsibility - The company emphasizes its commitment to corporate social responsibility while seeking maximum investment returns for shareholders[36] - The company expresses gratitude to shareholders for their support and to management and staff for their dedicated service[48]
旭日企业(00393) - 2024 - 年度业绩