Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 1,084,850,000, a significant increase of 71% compared to HKD 634,281,000 in 2023[3] - The gross profit for the same period was HKD 677,074,000, representing a gross margin of approximately 62.3%, up from HKD 324,532,000 in 2023[3] - The company's profit before tax surged to HKD 395,567,000, compared to HKD 62,240,000 in the previous year, marking a year-over-year increase of 535%[3] - Net profit attributable to shareholders reached HKD 361,057,000, a substantial rise from HKD 65,782,000 in 2023, reflecting a growth of 448%[3] - Basic earnings per share increased to HKD 34.3, compared to HKD 6.3 in the prior year, indicating a significant improvement in profitability[3] - The total comprehensive income for the year was HKD 377,745,000, compared to HKD 63,524,000 in 2023, showing a growth of 493%[4] - The group reported a total revenue recognition from customer contracts of HKD 1,081,163,000, compared to HKD 631,037,000 in the previous year, indicating a growth of 71.1%[14] - The group reported a profit of HKD 381,900,000 for the year ended December 31, 2024, a significant increase of 527.1% from HKD 60,900,000 in the previous year[39] - Adjusted EBITDA for the year was HKD 453,000,000, reflecting a 239.1% increase from HKD 133,600,000 for the year ended December 31, 2023[40] Revenue Breakdown - Revenue from entertainment management services amounted to HKD 718,308,000, up from HKD 564,759,000, reflecting a growth of 27.2%[14] - Sales of electronic entertainment equipment and systems in Macau surged to HKD 359,287,000 from HKD 53,588,000, marking a substantial increase of 570.5%[14] - Revenue from the management of the gaming venue, specifically the Golden Diamond Casino, was HKD 718.3 million, up from HKD 564.8 million in the previous year, representing a growth of 27.2%[39] - Revenue from the sale/rental of electronic gaming equipment and systems in Macau surged to HKD 363.0 million from HKD 56.8 million, marking an increase of 538.5%[39] - Revenue from live mixed gaming machines at Kwan Pei Wai Casino increased to HKD 806.6 million for the year ending December 31, 2024, compared to HKD 530.9 million for the year ending December 31, 2023[48] Assets and Liabilities - The company's total assets as of December 31, 2024, amounted to HKD 653,764,000, an increase from HKD 373,071,000 in 2023[5] - The total equity attributable to shareholders rose to HKD 501,618,000, compared to HKD 197,685,000 in the previous year, reflecting a growth of 153%[5] - Total liabilities for trade and other payables decreased to 59,867,000 HKD in 2024 from 78,901,000 HKD in 2023[36] - The total outstanding debt as of December 31, 2024, was HKD 156,700,000, a decrease from HKD 180,800,000 as of December 31, 2023[66] - The group's debt-to-asset ratio as of December 31, 2024, was 29.0%, down from 82.7% in 2023, primarily due to a reduction in total borrowings by HKD 24,100,000[68] Dividends - The company declared an interim dividend of 5.0 HK cents per share for 2024, compared to none in 2023, and proposed a final dividend of 11.0 HK cents per share, totaling 115,740,000 HKD, pending shareholder approval[29] - The board proposed a final dividend of HKD 0.11 per share for the year ending December 31, 2024, pending shareholder approval, totaling HKD 115,700,000 based on 1,052,185,315 shares[60] - The total dividend for the year, including an interim dividend of HKD 0.05 per share, is expected to be HKD 0.16 per share, compared to no dividends in 2023[60] Market Strategy and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[6] - The group plans to continue expanding its market presence and enhancing its product offerings in response to evolving industry trends[37] - The company is actively seeking opportunities in Southeast Asia, South Asia, and North America, with plans to open a new office and showroom in Manila, Philippines, in 2025[58] - The company remains optimistic about Macau's future, driven by recent policy enhancements that facilitate easier access for mainland Chinese tourists[55] - The new infrastructure developments, including the opening of the fourth bridge in Taipa in the second half of 2024, are expected to significantly boost tourist arrivals from mainland China[56] Operational Efficiency - The company reported a decrease in financial expenses to HKD 11,324,000 from HKD 18,648,000 in 2023, indicating improved cost management[3] - Research and development expenses for the year amounted to HKD 32,516,000, an increase from HKD 27,477,000 in 2023, representing a growth of about 18%[24] - Capital expenditures totaled HKD 27,614,000, compared to HKD 21,807,000 in the previous year, indicating an increase of about 26%[24] - The company is committed to investing in product design and has established a new production line in Macau to meet the growing demand for electronic gaming machines[58] Governance and Compliance - The independent auditor for the group's consolidated financial statements for the year ended December 31, 2024, is Deloitte[85] - The audit committee has reviewed the audited consolidated financial statements and the relevant accounting principles adopted by the group[86] - The group’s consolidated financial statements for the year ending December 31, 2024, have been approved by the board on March 27, 2025[87] - The company adheres to the corporate governance code as outlined in the listing rules[89] - The financial reporting standards followed are in accordance with Hong Kong accounting standards[90]
汇彩控股(01180) - 2024 - 年度业绩