Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of approximately HKD 3,353 million, an increase of about 8.5% compared to the previous fiscal year[14]. - The gross profit for the same period was approximately HKD 665 million, representing a 12.4% increase from the fiscal year ending December 31, 2023[14]. - The comprehensive loss attributable to owners of the company was approximately HKD 48 million, a significant reduction of about 68.3% compared to the previous fiscal year[14]. - The company recorded a net loss attributable to equity shareholders of approximately HKD 4.7 million for the fiscal year 2024, a decrease of about HKD 9.4 million compared to a net loss of approximately HKD 14.1 million in fiscal year 2023[28]. - The reduction in net loss was primarily due to a decrease in depreciation expenses by approximately HKD 5.1 million and a decrease in expected credit loss provisions by approximately HKD 2.4 million[28]. - Gross profit increased by approximately HKD 7.4 million, mainly due to an increase of approximately HKD 13.5 million in gross profit from infrastructure solution services provided in fiscal year 2024[28]. - The company anticipates that consumer demand will recover in FY2025, providing more opportunities for suitable business partnerships[35]. - The company's revenue for the fiscal year 2024 was approximately HKD 3,353 million, an increase of about HKD 263 million or 8.5% compared to fiscal year 2023 (approximately HKD 3,091 million)[49]. - The gross profit for fiscal year 2024 was approximately HKD 665 million, an increase of about HKD 74 million or 12.4% compared to fiscal year 2023 (approximately HKD 592 million)[50]. - The gross margin improved from approximately 19.1% in fiscal year 2023 to approximately 19.8% in fiscal year 2024, primarily due to better cost control in IT infrastructure solutions and maintenance services[50]. Business Strategy and Opportunities - The company aims to explore new business opportunities and enhance its business segments in response to global economic uncertainties[15]. - The company expresses confidence in the prospects of the artificial intelligence industry and aims to provide transformative solutions to meet evolving customer needs[15]. - The strategic plan focuses on ensuring sustainable growth in the rapidly developing artificial intelligence sector[15]. - The company is committed to innovation and excellence to leverage cutting-edge technology for substantial development[15]. - The company plans to strategically enter the artificial intelligence sector, focusing on machine learning, natural language processing, and computer vision technologies[47]. - The company will actively seek new business opportunities and explore new AI applications to maximize returns for stakeholders in the medium to long term[48]. Operational Performance - The IT infrastructure solutions segment generated approximately HKD 179 million in revenue for FY2024, accounting for about 53.4% of total revenue, representing a 27.8% increase from approximately HKD 140 million in FY2023[29]. - The IT development solutions segment reported revenue of approximately HKD 108.5 million for FY2024, which is about 32.3% of total revenue, reflecting a 12.0% decrease from approximately HKD 123.4 million in FY2023 due to a reduction in project numbers[30]. - The IT maintenance and support services segment achieved revenue of approximately HKD 47.8 million for FY2024, making up about 14.3% of total revenue, with a 4.9% increase from approximately HKD 45.6 million in FY2023, primarily due to an increase in average contract value[31]. - The increase in salary expenses was approximately HKD 6.4 million, attributed to an increase in the number of employees and salary raises[28]. - The total employee cost for fiscal year 2024 is approximately HKD 94.1 million, an increase from approximately HKD 81.3 million in fiscal year 2023, attributed to an increase in employee numbers to support IT development services[61]. Governance and Compliance - The board believes that good corporate governance is essential for effective management and successful business development, and has adhered to the GEM Listing Rules corporate governance code throughout the 2024 fiscal year, with some deviations noted[82]. - The audit committee has reviewed the accounting principles and practices adopted by the group and found that the financial statements for the 2024 fiscal year comply with applicable accounting standards and GEM Listing Rules[81]. - The board is responsible for the overall management of the group's business and ensuring sustainable value for shareholders[85]. - The company has appointed three independent non-executive directors, constituting at least one-third of the board, ensuring compliance with GEM listing rules[90]. - The audit committee, consisting of three members, has met with external auditors twice during the fiscal year ending December 31, 2024[99]. - The company has established three board committees: audit committee, remuneration committee, and nomination committee, each with clear written terms of reference[96]. - The company has complied with GEM listing rules regarding the composition and qualifications of the audit committee[99]. Risk Management - Key risks include reliance on suppliers for hardware and software, which could significantly impact operational performance if there are shortages or disruptions[37]. - The company has adopted risk management policies aimed at identifying, assessing, and managing significant risks related to its business and market[126]. Environmental, Social, and Governance (ESG) - The group is committed to maintaining the highest environmental and social standards to ensure sustainable business development[186]. - The group has established a governance framework for ESG responsibilities, with the board overseeing significant ESG matters[198]. - The group aims to integrate green development concepts into its operations to support low-carbon economic transformation and achieve "dual carbon goals"[198]. - The environmental, social, and governance (ESG) report will detail the group's performance in these areas for the fiscal year ending December 31, 2024[199]. - The group emphasizes the importance of stakeholder engagement through various channels to align business development with sustainability strategies[194]. Shareholder Information - The group did not recommend the payment of a final dividend for the fiscal year 2024[141]. - Approximately 27.0% of total sales in the review year came from the top five customers, with the largest customer accounting for about 6.4% of total sales[148]. - The group's reserves available for distribution to shareholders as of December 31, 2024, were approximately HKD 100.6 million[147]. - The company has a significant shareholder, Vigorous King Limited, which holds approximately 31.80% of the shares, equivalent to 459,810,000 shares[179].
倢冠控股(08606) - 2024 - 年度业绩