Financial Performance - Revenue for the year ended December 31, 2024, was HKD 27,757 million, representing a 24.1% increase from HKD 22,371 million in 2023[3] - Profit attributable to owners of the company was HKD 501.2 million, up 24.1% from HKD 403.8 million in the previous year[3] - Basic earnings per share increased to HKD 80.09, a rise of 24.1% compared to HKD 64.52 in 2023[3] - Total revenue for the year 2024 reached HKD 27,756,985,000, a 24% increase from HKD 22,370,616,000 in 2023[14] - Revenue from the sale of electronic components and semiconductor products was HKD 27,610,087,000, up from HKD 22,206,540,000, representing a 24% growth[14] - The group’s revenue increased by 24.1% to HKD 27,756,985,000 for the year ending December 31, 2024, compared to HKD 22,370,616,000 in the previous year[39] - Net profit attributable to shareholders increased by 24.1% to HKD 501,237,000, with basic earnings per share at HKD 0.8009, up from HKD 0.6452 in 2023[39] Dividends - Total dividend for the year was HKD 40.00 per share, reflecting a 14.3% increase from HKD 35.00 in 2023[3] - The company declared an interim dividend of HKD 0.15 per share for 2024, compared to HKD 0.10 per share in 2023, marking a 50% increase[30] - The company plans to distribute a final dividend of HKD 0.25 per share for the year ending December 31, 2024, pending shareholder approval[30] Assets and Liabilities - Current assets increased significantly to HKD 9,154,134 thousand from HKD 6,580,292 thousand in 2023[6] - Total liabilities increased to HKD 7,154,103 thousand from HKD 4,872,046 thousand in 2023, indicating a rise in financial obligations[6] - The company's net asset value increased to HKD 3,083,874 thousand from HKD 2,828,886 thousand in 2023[7] - Total non-current assets decreased to HKD 1,080,048,000 in 2024 from HKD 1,233,767,000 in 2023, a decline of 12.5%[16] - Trade payables increased to HKD 3.84 billion in 2024 from HKD 2.94 billion in 2023, reflecting a growth of 30.5%[27] - Total trade and other receivables amounted to HKD 1.37 billion in 2024, compared to HKD 983.05 million in 2023, representing a 39.2% increase[23] Cash Flow - Cash and cash equivalents rose to HKD 2,927,070 thousand, up from HKD 1,580,146 thousand in the previous year[6] - The company’s cash flow from operating activities improved, with trade receivables at HKD 1.26 billion after accounting for credit loss provisions, compared to HKD 839.38 million in 2023[25] - Operating cash inflow for the year was HKD 551,544,000, a decrease from HKD 1,039,637,000 in the previous year[40] - The group recorded a net cash position of approximately HKD 736,368,000 as of December 31, 2024, up from HKD 651,780,000 the previous year[40] Market and Industry Outlook - The company continues to focus on the distribution of electronic components and semiconductor products, as well as property investment[8] - The company anticipates continued growth in the electronic components sector, driven by increased demand in the market[14] - The semiconductor industry is expected to face complexities due to geopolitical tensions, but demand for next-generation AI smartphones and PCs presents growth opportunities[38] - The group plans to maintain a cautious approach and focus on cash flow management to remain competitive in the Greater China region[38] Other Financial Metrics - Gross profit for the year was HKD 1,430,087 thousand, compared to HKD 1,316,411 thousand in 2023, indicating a positive trend[4] - Gross profit rose by 8.6% to HKD 1,430,087,000, with a gross margin of 5.2%, down from 5.9% the previous year[39] - Employee costs totaled HKD 170,135,000, slightly down from HKD 181,356,000 in the previous year[20] - The fair value of trade receivables measured at fair value through other comprehensive income decreased to HKD 1.60 billion in 2024 from HKD 2.10 billion in 2023[26] - The company’s credit loss provision decreased to HKD 10.38 million in 2024 from HKD 14.29 million in 2023, indicating improved credit quality[23] Corporate Governance - The consolidated financial statements for the year ending December 31, 2024, have been approved by the board on March 27, 2025[49] - Deloitte has conducted the audit of the group's financial statements but did not provide a verification conclusion for the preliminary announcement[49] - The board expresses gratitude to all employees for their contributions and efforts[50] - The board also thanks shareholders, customers, suppliers, and business partners for their long-term support and trust[50] - The board consists of 4 executive directors, 2 non-executive directors, and 3 independent non-executive directors[51]
S.A.S. DRAGON(01184) - 2024 - 年度业绩