Financial Performance - The company recorded revenue of approximately HKD 31.2 million for the year ended December 31, 2024, a decrease of about 17.1% compared to HKD 37.6 million for the year ended December 31, 2023[10]. - The loss attributable to owners of the company was approximately HKD 2.7 million for the year ended December 31, 2024, a decrease of about 241.5% from a profit of approximately HKD 1.9 million for the year ended December 31, 2023[10]. - Revenue from front office trading solutions decreased by approximately 10.8% to HKD 15.5 million, down from HKD 17.3 million in the previous year[14]. - Revenue from installation and customization services decreased by approximately 30.0% to HKD 3.2 million, down from HKD 4.6 million in the previous year[14]. - Revenue from cloud management services decreased by approximately 33.5% to HKD 1.9 million, down from HKD 2.8 million in the previous year[14]. - Other service revenue decreased by approximately 45.6% to HKD 1.3 million, down from HKD 2.4 million in the previous year[14]. - The company reported a basic loss per share of HKD 0.24 for 2024, compared to earnings per share of HKD 0.17 in 2023[146]. - Total comprehensive loss for the year was HKD 2,468,000, compared to a comprehensive income of HKD 1,415,000 in 2023[146]. - The company experienced a pre-tax loss of (HKD 2,948,000) in 2024, compared to a profit of HKD 1,945,000 in 2023, reflecting a negative swing of approximately 252%[150]. Operational Efficiency - Employee costs for the year ended December 31, 2024, were approximately HKD 21.6 million, a decrease of about 7.0% from HKD 23.2 million in the previous year[18]. - Depreciation expenses for the year ended December 31, 2024, decreased to approximately HKD 2.3 million, a reduction of about 2.6% compared to HKD 2.4 million for the year ended December 31, 2023[19]. - Other operating expenses for the year ended December 31, 2024, were approximately HKD 11.1 million, an increase of about 12.3% from HKD 9.8 million for the year ended December 31, 2023[20]. - The company reported an operating cash flow of (HKD 8,009,000), a significant decrease from HKD 5,529,000 in 2023, indicating a decline of approximately 244%[150]. - The company incurred a loss of (HKD 763,000) from impairment of intangible assets in 2024, which was not present in 2023, marking a new financial challenge[150]. Strategic Initiatives - The company aims to leverage its proprietary eBrAIny AI technology to enhance investment strategies across multiple markets, including stocks, futures, commodities, forex, and cryptocurrencies[10]. - The company plans to continue exploring commercial applications of AI technology to optimize daily operations and improve efficiency[10]. - The company plans to continue focusing on new product development and market expansion strategies moving forward[149]. Corporate Governance - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[97]. - The company has adopted corporate governance practices in line with GEM listing rules, enhancing shareholder protection and business transparency[96]. - The independent non-executive directors bring extensive experience in property development, financing, and financial matters, enhancing corporate governance[39]. - The company has established effective mechanisms to ensure the board's independence, including holding annual general meetings without the presence of other directors[101]. - The audit committee held four meetings during the year ending December 31, 2024, to review interim, quarterly, and annual financial performance and reports[105]. Financial Position - As of December 31, 2024, the group recorded net current assets of approximately HKD 37.4 million, down from HKD 41.0 million as of December 31, 2023[23]. - Non-current assets decreased from HKD 24,925,000 in 2023 to HKD 21,772,000 in 2024[147]. - Current assets slightly decreased from HKD 44,883,000 in 2023 to HKD 44,039,000 in 2024[147]. - Current liabilities increased from HKD 3,925,000 in 2023 to HKD 6,591,000 in 2024[147]. - Net asset value decreased from HKD 62,568,000 in 2023 to HKD 60,380,000 in 2024[147]. Shareholder Information - The company reported a reserve available for distribution to shareholders of approximately HKD 55,639,000 as of December 31, 2024, compared to HKD 54,952,000 in 2023[55]. - The board has not recommended the declaration of a final dividend for the year ending December 31, 2024, consistent with the previous year[46]. - The company has adopted a general dividend policy since March 25, 2019, allowing for the declaration and distribution of dividends at the board's discretion[46]. Risk Management - The risk management process involves identifying, assessing, responding to, monitoring, and reporting risks, with the board prioritizing identified risks for mitigation[119]. - The company has established a risk management and internal control system to protect assets and shareholder interests, with annual reviews conducted[118]. - The board and audit committee believe that the risk management and internal control systems are sufficient and effective, covering all significant controls including financial, operational, and compliance controls[122]. Employee Relations - The company is committed to providing training and development opportunities for employees to enhance their skills and job satisfaction[92]. - The company maintains good relationships with employees, customers, and suppliers, emphasizing the importance of a sustainable supply chain for operational success[92]. - The gender ratio among employees is approximately 0.40, reflecting the company's commitment to gender diversity and equality[108]. Compliance and Legal Matters - The company has complied with all applicable laws and regulations, including GEM listing rules and the Companies Ordinance, ensuring legal compliance[89]. - There were no related party transactions that constituted connected transactions under GEM listing rules for the year ending December 31, 2024[82]. - The independent auditor has remained unchanged over the past three years, indicating consistency in financial oversight[93].
电子交易集团(08036) - 2024 - 年度财报