Financial Performance - The group's revenue for the year ended December 31, 2024, was HKD 3,841,472,000, representing an increase of 11.3% compared to HKD 3,450,954,000 in 2023[4] - Gross profit for the year was HKD 807,854,000, up 15.3% from HKD 700,717,000 in the previous year[4] - The company reported a net loss of HKD 83,853,000 for the year, compared to a loss of HKD 1,765,000 in 2023[5] - The earnings per share for the year were a loss of HKD 0.13, compared to a loss of HKD 1.73 in 2023[5] - The group reported a pre-tax loss of HKD 53,307,000 for 2024, compared to a profit of HKD 4,047,000 in 2023, indicating a substantial decline in profitability[21] - The loss attributable to shareholders was HKD 53,307,000, a substantial change from the profit of HKD 4,047,000 in 2023[34] Expenses and Costs - Research and development expenses increased to HKD 189,661,000, a rise of 16.8% from HKD 162,388,000 in 2023[4] - The company incurred finance costs of HKD 53,409,000, down from HKD 60,818,000 in the previous year, indicating a decrease of 12.3%[4] - Total comprehensive expenses for the year amounted to HKD 354,671,000, compared to HKD 252,003,000 in 2023, reflecting an increase of 40.7%[6] - The company's administrative expenses were HKD 401,471,000, slightly up from HKD 394,991,000 in the previous year, reflecting a 1.4% increase[4] - The group’s employee costs, including director remuneration, amounted to HKD 839,757,000 in 2024, compared to HKD 818,854,000 in 2023, indicating a slight increase in labor expenses[17] Assets and Liabilities - Total assets decreased from HKD 13,155,636 thousand in 2023 to HKD 12,632,132 thousand in 2024, a decline of approximately 4.0%[7] - Total liabilities increased from HKD 1,427,648 thousand in 2023 to HKD 1,649,182 thousand in 2024, representing a rise of about 15.5%[8] - The company's equity attributable to shareholders decreased from HKD 7,411,477 thousand in 2023 to HKD 7,154,386 thousand in 2024, a decrease of approximately 3.5%[8] - Cash and cash equivalents decreased from HKD 1,509,144 thousand in 2023 to HKD 1,154,546 thousand in 2024, a decline of about 23.5%[7] - The total liabilities as of December 31, 2024, were HKD 5,165,025,000, reflecting a 1.03% increase from HKD 5,112,324,000 in 2023[52] Revenue Segmentation - The technology segment generated revenue of HKD 3,673,852 thousand, with significant contributions from injection molding products (HKD 1,685,836 thousand) and LCD displays (HKD 651,193 thousand)[12] - The aerospace services segment reported revenue of HKD 218,894 thousand, which includes property investments in the Shenzhen Aerospace Technology Plaza[12] - The intelligent charging segment reported a revenue of HKD 286,389 thousand, showing a strong market demand despite a slight loss of HKD 178 thousand[12] - The intelligent power module segment generated revenue of HKD 17,424 thousand, but faced a significant loss of HKD 30,912 thousand, indicating potential issues in cost management[12] - The company's revenue for 2024 increased by 11.32% compared to 2023, reaching HKD 3,841,472,000[26] Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance future growth prospects[12] - The company is focusing on business transformation and exploring new economic growth points to enhance core competitiveness and sustainable development[32] - The company is actively investing in product development and technology research to improve product quality and future profitability[40] - The company is actively expanding its market presence and optimizing its rental strategy to enhance brand influence despite challenges in the Shenzhen office market[29] - New capability construction projects, including the integrated circuit packaging plant, are progressing well, with the construction completed by May 2024[30] Legal and Compliance - The company has resolved legal disputes related to minority interests in subsidiaries, resulting in a reversal of previously accrued provisions, which is expected to have no impact in 2024[16] - The company is actively pursuing litigation to protect its rights, with expected payments from litigation amounting to approximately RMB 22,000,000 and RMB 11,000,000 from various parties[45][46] - The company has submitted its annual consolidated financial statements for the year ending December 31, 2023, and will submit the statements for the year ending December 31, 2024, before the deadline set by the Hong Kong Companies Registry[66] Dividend Policy - The company decided not to declare a final dividend for the year ending December 31, 2024, following no dividend declared for 2023[26] - The board of directors decided not to recommend a final dividend for the year ended December 31, 2024, maintaining the same stance as the previous year[65] Auditor and Governance - The company’s auditor has issued an unqualified opinion on the financial statements for the years ending December 31, 2023, and December 31, 2024[66] - The company has expressed gratitude to its employees for their hard work and loyalty, as well as to shareholders, banks, business partners, and the community for their support[73] - The company has announced changes in its board of directors, with new appointments following the resignations of several members due to personal and retirement reasons[72]
航天控股(00031) - 2024 - 年度业绩