Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 318,280,000, a decrease of 16.3% compared to HKD 380,630,000 in 2023[2] - Gross profit for the same period was HKD 33,206,000, down 23.7% from HKD 43,499,000 in the previous year[2] - The company reported a loss before tax of HKD 342,964,000, which is a significant increase from a loss of HKD 168,520,000 in 2023, reflecting a 103.5% rise in losses[3] - The total comprehensive loss for the year was HKD 340,595,000, compared to HKD 199,033,000 in 2023, indicating a 71.2% increase in total losses[3] - Basic and diluted loss per share was HKD 40.67, compared to HKD 21.80 in the previous year, representing an increase of 86.5%[3] - The company recorded a net loss of HKD 322,155,000 for the year, compared to a loss of HKD 172,132,000 in the previous year[37] Assets and Liabilities - Non-current assets decreased to HKD 1,591,044,000 from HKD 1,924,725,000, a decline of 17.3%[4] - Current assets decreased to HKD 1,040,716,000 from HKD 1,131,688,000, reflecting a decrease of 8.0%[4] - The company reported a total of HKD 7,671,000 in capital expenditures for property, plant, and equipment in 2024, compared to HKD 42,680,000 in 2023, indicating a significant reduction in investment[18][19] - The total liabilities as of December 31, 2024, were HKD 1,518,644,000, down from HKD 1,605,017,000 in 2023, representing a decrease of approximately 5.4%[17] - The company's net asset value decreased to HKD 1,113,116,000 from HKD 1,451,396,000, a decline of 23.2%[5] - The group's total equity decreased by 23.3% to HKD 1,113,116,000 as of December 31, 2024, compared to HKD 1,451,396,000 as of December 31, 2023[42] Segment Performance - The company operates in segments including household products and PVC pipes, with no consolidated operating segments reported[10] - The segment profit for household products was HKD 2,958,000, while the segment loss for PVC pipes and fittings was HKD 30,423,000, leading to a total segment loss of HKD 325,455,000 for the consolidated group[14][15] - In the home products segment, revenue increased by 24.1% to HKD 77,712,000, while the PVC pipes and fittings segment saw a revenue decline of 24.5% to HKD 239,110,000[38] Cash and Financing - The group had bank balances and cash of approximately HKD 653,530,000 as of December 31, 2024, down from HKD 716,404,000 as of December 31, 2023[41] - The group had a total available bank credit of HKD 123,937,000 as of December 31, 2024, with a utilization rate of 0%[41] - The group's debt-to-equity ratio increased to 1.36 as of December 31, 2024, from 1.11 as of December 31, 2023[42] Employee and Compensation - The total employee compensation for the year was HKD 47,180,000, down from HKD 51,600,000 in the previous year[44] - The group employed approximately 492 staff as of December 31, 2024, a decrease from 536 staff as of December 31, 2023[44] Future Plans and Developments - The company received a total monetary compensation of approximately HKD 964,447,000 from the government for a project in Shenzhen, which is expected to support future developments[39] - The company plans to relocate its PVC pipe and fittings production from a temporary facility in Dongguan to a new factory in Zhongshan, which is currently in the design and approval stage[40] - The company aims to collaborate with experienced real estate developers for ongoing projects in compliance with government directives[39] Governance and Compliance - The group has complied with the corporate governance code throughout the year ended December 31, 2024[47] - The group did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2024[45] Dividend - There will be no final dividend proposed for the fiscal year ending December 31, 2024[29]
世界(集团)(00713) - 2024 - 年度业绩