Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 2,668,586,000, representing an increase of 4.1% from HKD 2,562,781,000 in the previous year[4] - Gross profit for the year was HKD 890,145,000, up 6.1% from HKD 839,221,000 in 2023[4] - The net profit attributable to the company's owners increased to HKD 214,406,000, a rise of 15.7% compared to HKD 185,248,000 in the prior year[5] - Basic earnings per share rose to HKD 28.58, compared to HKD 24.97 in 2023, reflecting a growth of 14.4%[5] - Total comprehensive income for the year was HKD 207,745,000, down 14.8% from HKD 243,792,000 in the previous year[4] - Adjusted profit before tax for the group was HKD 315,182,000, compared to HKD 301,151,000 in the previous year, indicating a growth of 4.7%[26] - The company's net profit attributable to shareholders for the fiscal year was approximately HKD 214,400,000, representing a 15.8% increase from HKD 185,200,000 in 2023[69] Assets and Liabilities - The company's total assets decreased to HKD 1,651,462,000 from HKD 1,913,851,000, a decline of 13.7%[6] - Current liabilities were reduced to HKD 703,742,000 from HKD 922,397,000, a decrease of 23.7%[6] - The company's equity attributable to owners decreased to HKD 1,510,723,000 from HKD 1,452,407,000, reflecting a decline of 4.0%[6] - The company reported a decrease in cash and cash equivalents to HKD 500,488,000 from HKD 780,094,000, a drop of 35.9%[6] - As of December 31, 2023, the total equity attributable to owners of the company is HKD 1,129,838,000, with total equity amounting to HKD 1,800,517,000[8] - The company's current assets net value was approximately HKD 947,700,000, down from HKD 991,500,000 in 2023, with cash and cash equivalents at about HKD 500,500,000[70] Dividends - The proposed final dividend for the year 2023 is HKD 61,600,000, reflecting a commitment to return value to shareholders[8] - The total dividends declared for the fiscal year 2024 include a second interim dividend of HKD 0.08 per share, totaling HKD 61,600,000, and a special dividend of HKD 0.02 per share, totaling HKD 15,400,000[39] - The company declared a special dividend of HKD 0.015 per share for the first time in 2024, amounting to HKD 11,550,000[39] - The company announced an interim dividend of HKD 0.08 per share and a special dividend of HKD 0.02 per share, totaling HKD 0.145 per share for the year[51] Revenue Segmentation - Printing revenue amounted to HKD 1,738,350,000, up from HKD 1,614,872,000, reflecting a growth of 7.7%[26] - Publishing revenue was HKD 930,236,000, a decrease of 1.8% from HKD 947,909,000[26] - The printing segment's revenue grew by 7.6% due to the normalization of inventory levels among publishers and advance orders to mitigate expected tariff increases in 2025[67] - The company reported a total of HKD 1,889,551,000 in revenue from external customers in the Printing segment for the year[26] Expenses and Costs - The company incurred financial expenses of HKD 25,353,000, down from HKD 36,402,000 in the previous year[26] - The total financial expenses decreased to HKD 25,353,000 in 2024 from HKD 36,402,000 in 2023, representing a reduction of 30.4%[32] - The company recognized a direct operating cost of inventory at HKD 1,778,441,000 in 2024, compared to HKD 1,723,560,000 in 2023, an increase of 3.2%[33] - The company's total expenses related to employee benefits rose to HKD 519,480,000 in 2024 from HKD 507,344,000 in 2023, an increase of 2.2%[33] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to drive future growth[4] - The company plans to expand its production capacity in Malaysia to meet the ongoing demand for book printing in Southeast Asia[65] - The company is exploring various AI platforms to develop proprietary forecasting tools to enhance its ability to identify market trends and content needs[65] - The company is strategically investing in Papercraft to mitigate trade war risks and capitalize on the "China plus one" trend, providing alternative solutions for publishing clients[63] Market Conditions - The printing manufacturing business, including Huixing Printing and Papercraft, contributed to revenue growth despite challenges in the global illustrated book market[53] - The U.S. book market saw a 1% year-over-year increase in printed book unit sales, with adult fiction growing by 5%[53] - The total sales value of books in mainland China contracted by 6% in 2024, excluding academic publishing[54] - Shipping costs have returned to levels seen 12 months ago, with expectations for lower prices in 2025 due to the impact of protectionist policies on global shipping demand[63] Compliance and Governance - The board confirmed compliance with the corporate governance code as per the Hong Kong Stock Exchange listing rules for the year[78] - The audit committee, consisting of three independent non-executive directors, reviewed the audited financial performance for the year ending December 31, 2024[79]
狮子山集团(01127) - 2024 - 年度业绩