Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 44,174,000, representing a 24.5% increase from HKD 35,566,000 in 2023[3] - Other income and gains for 2024 amounted to HKD 24,864,000, compared to a loss of HKD 7,518,000 in 2023[3] - The net loss for the year was HKD 27,166,000, compared to a loss of HKD 20,638,000 in 2023, indicating a 31.0% increase in losses[3] - Basic and diluted loss per share for 2024 was HKD 1.91, up from HKD 1.45 in 2023[3] - The group reported a pre-tax loss of HKD 27,168,000 for 2024, compared to a loss of HKD 20,636,000 in 2023, with a weighted average number of ordinary shares of 1,421,838,398[22] - The company recorded a loss attributable to equity holders of approximately HKD 27,200,000 for the year ended December 31, 2024, an increase of about 31.7% compared to a loss of HKD 20,600,000 in 2023[37] Revenue Breakdown - Total revenue for 2024 reached HKD 43,722,000, an increase of 27% compared to HKD 34,392,000 in 2023[14] - Revenue from external asset management services increased by approximately 41.3% to HKD 38,200,000 for the year ended December 31, 2024, compared to HKD 27,000,000 in 2023[40] - Institutional financing advisory service revenue decreased by approximately 73.0% to HKD 500,000 for the year ended December 31, 2024, down from HKD 1,900,000 in 2023[42] Expenses and Costs - The cost of services provided increased to HKD 33,122,000 in 2024 from HKD 23,304,000 in 2023, reflecting a 42.1% rise[3] - Research and development expenses were HKD 10,957,000 in 2024, with no corresponding expenses in 2023[3] - The total operating expenses increased to HKD 16,074,000 in 2024 from HKD 12,708,000 in 2023, reflecting a rise in various operational costs[17] - The depreciation expense for property and equipment was HKD 1,548,000 in 2024, compared to HKD 993,000 in 2023[16] Assets and Liabilities - Total assets decreased to HKD 153,555,000 in 2024 from HKD 186,639,000 in 2023, a decline of 17.7%[4] - Current assets decreased to HKD 150,759,000 in 2024 from HKD 176,075,000 in 2023, a decrease of 14.4%[4] - The company's equity attributable to owners of the parent decreased to HKD 31,473,000 in 2024 from HKD 58,639,000 in 2023, a decline of 46.3%[5] - The group's total debt, including promissory notes and lease liabilities, was approximately HKD 92.1 million as of December 31, 2024, down from HKD 103.2 million in 2023[49] Cash Flow and Investments - As of December 31, 2024, the group's cash and cash equivalents amounted to approximately HKD 101.7 million, a decrease from HKD 112.4 million in 2023[49] - The fair value of the group's share in the Conglomerate Weijia bonds was HKD 6,401,000 as of December 31, 2024, an increase from HKD 5,979,000 in 2023[29] - The fair value of the group's share in the One Universe bonds was HKD 8,430,000 as of December 31, 2024, down from HKD 11,443,000 in 2023[29] - The group recognized an unrealized gain of HKD 23,033,000 for the year ending December 31, 2024, compared to an unrealized loss of HKD 5,615,000 in 2023[30] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code throughout the fiscal year, except for the dual role of the chairman and CEO, which the board believes enhances operational efficiency[69] - The company has adopted its own Securities Trading Code, confirming compliance by all directors for the fiscal year ending December 31, 2024[70] - The audit committee reviewed the group's annual performance for the year ending December 31, 2024, and found it compliant with relevant accounting standards and regulations[71] - The independent auditor's report included a qualified opinion due to limitations in the audit scope regarding the fair value losses of certain financial assets[73] Future Outlook and Challenges - The management remains optimistic about benefiting from the economic recovery in Hong Kong despite facing challenges and uncertainties in the financial services sector[44] - The group anticipates a challenging business environment due to geopolitical tensions, high interest rates, and increasing global inflationary pressures[48] Employee and Operational Changes - The company employed 37 full-time employees as of December 31, 2024, compared to 26 in the previous year, with total employee costs around HKD 22,100,000[64] - The company has terminated its institutional financing advisory services as of October 31, 2024, to optimize resource allocation within its financial services business[38]
贝森金融(00888) - 2024 - 年度业绩