Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 51,900,000, representing an increase of 74.8% compared to HKD 29,688,000 in 2023[2] - Operating loss for the year was HKD 15,259,000, compared to a loss of HKD 11,791,000 in the previous year, indicating a worsening operational performance[2] - The total comprehensive loss for the year was HKD 16,636,000, up from HKD 13,199,000 in 2023, reflecting increased financial challenges[3] - Basic and diluted loss per share improved slightly to HKD 0.10 from HKD 0.12 year-on-year[3] - The group reported a pre-tax loss of HKD 852,000 for the year ended December 31, 2024, compared to a pre-tax loss of HKD 776,000 in 2023, reflecting an increase in losses of approximately 9.8%[28] - The company reported a loss of approximately HKD 16,111,000 for the year, compared to a loss of HKD 12,567,000 in 2023, primarily due to increased administrative expenses related to business expansion[53] Revenue Segments - For the fiscal year ending December 31, 2024, the total segment revenue was HKD 51,900,000, an increase from HKD 29,688,000 in the previous year, representing a growth of approximately 74.8%[17] - Revenue from energy-saving solutions for the year ended December 31, 2024, was HKD 50,741,000, compared to HKD 28,970,000 in 2023, indicating a growth of about 75.2%[26] - The segment revenue for the energy business increased from HKD 29,679,000 to HKD 51,033,000, indicating a growth of approximately 72.3% year-over-year[17] - The group’s revenue from mainland China for the year ended December 31, 2024, was HKD 47,613,000, up from HKD 29,679,000 in 2023, indicating a growth of approximately 60.5%[24] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 64,275,000, with segment assets for the energy business at HKD 33,798,000 and loan financing business at HKD 6,756,000[19] - Total liabilities as of December 31, 2024, were HKD 16,055,000, with the energy business liabilities at HKD 5,078,000 and loan financing business at HKD 204,000[19] - Total liabilities increased to approximately HKD 16,055,000 as of December 31, 2024, compared to approximately HKD 15,334,000 in 2023, primarily due to an increase in trade and other payables[61] - Net current assets as of December 31, 2024, were approximately HKD 40,612,000, up from approximately HKD 34,283,000 in 2023[62] Cash and Liquidity - The company reported a cash and bank balance of HKD 22,906,000, down from HKD 37,986,000, highlighting liquidity concerns[4] - Cash and cash equivalents as of December 31, 2024, were approximately HKD 22,906,000, down from approximately HKD 37,986,000 in 2023[62] Capital and Equity - Total equity increased to HKD 48,220,000 from HKD 42,579,000, indicating a stronger capital position[5] - The total number of shares increased to 203,446,544 as of December 31, 2024, from 113,028,363 shares in 2023 due to the completion of rights issues and placements[63] - The company completed a rights issue on March 28, 2024, issuing 56,514,181 shares at a subscription price of HKD 0.35 per share, raising approximately HKD 17,697,000 after costs[53] Expenses and Provisions - The group recognized a provision for expected credit losses on contract assets of HKD 1,443,000 for the year ended December 31, 2024, compared to HKD 22,000 in 2023, showing a significant increase in provisions[28] - The group had a total depreciation expense of HKD 864,000 for property, plant, and equipment and right-of-use assets for the year ended December 31, 2024, compared to HKD 260,000 in 2023, representing an increase of approximately 231.5%[28] - Employee costs for the year amounted to approximately HKD 8,992,000, an increase from approximately HKD 6,616,000 in 2023, with a total of 27 employees as of December 31, 2024[68] Strategic Focus and Future Outlook - The company is focused on energy-saving solutions and financing services, with no significant new product launches or acquisitions reported during the period[6] - The company plans to continue its energy-saving business in mainland China, Hong Kong, and Macau, and is exploring strategic partnerships to accelerate growth[58] - The company anticipates favorable conditions for its energy-saving business due to economic recovery policies in mainland China[58] - The company expects a rapid increase in electric vehicle numbers in Hong Kong due to government incentives, which will drive demand for electric vehicle charging stations[59] Compliance and Reporting - The company has submitted its financial statements for the year ending December 31, 2023, to the Hong Kong Companies Registry[11] - The independent auditor has issued a report on the financial statements with no reservations or matters to draw attention to[78] - The company has complied with the requirements of the Companies Ordinance regarding the submission of financial statements to the Companies Registry[78]
信能低碳(00145) - 2024 - 年度业绩