Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 58,109,000, a significant increase of 130.5% compared to HKD 25,187,000 in the previous year[5] - The cost of sales and services for the same period was HKD 46,552,000, resulting in a gross profit of HKD 11,557,000, down 26.9% from HKD 15,751,000 in 2023[5] - The company recorded a loss before tax of HKD 13,081,000, an improvement from a loss of HKD 26,831,000 in the prior year, reflecting a reduction in operational losses[5] - The total comprehensive loss for the year was HKD 13,049,000, compared to HKD 30,548,000 in 2023, showing a 57.3% decrease in overall losses[7] - The loss attributable to owners of the company from continuing operations was HKD 13,049,000, compared to HKD 27,150,000 in the previous year, indicating improved financial health[7] - The group reported a pre-tax loss from continuing operations of HKD 13,081,000 for the year ending December 31, 2024, compared to a loss of HKD 26,831,000 in 2023, showing an improvement of 51.2%[30][33] - The group recorded a loss of approximately HKD 13,100,000, a reduction of HKD 17,500,000 or 57.2% compared to a loss of HKD 30,600,000 in the previous year[100] Expenses and Investments - Research and development expenses amounted to HKD 8,602,000, indicating a new investment in innovation as there were no R&D expenses reported in the previous year[5] - The company’s administrative expenses decreased to HKD 22,618,000 from HKD 28,742,000, representing a reduction of 21.4%[5] - The company incurred a net loss of HKD 46,552,000 in cost of sales and services for the fiscal year ending December 31, 2024, compared to HKD 9,436,000 in the previous year[46] - The company’s employee costs, including director remuneration, increased to HKD 17,035,000 in the fiscal year ending December 31, 2024, from HKD 8,331,000 in the previous year[46] - Research and development expenses for the Web3.0 business amounted to HKD 8,600,000, compared to none in the previous year[99] Assets and Liabilities - Total non-current assets increased to HKD 35,437,000 in 2024 from HKD 29,839,000 in 2023, representing a growth of approximately 18%[8] - Current assets decreased to HKD 33,982,000 in 2024 from HKD 40,303,000 in 2023, a decline of about 16%[8] - Current liabilities rose significantly to HKD 27,064,000 in 2024 from HKD 15,733,000 in 2023, an increase of approximately 72%[8] - Total equity decreased to HKD 36,829,000 in 2024 from HKD 49,878,000 in 2023, reflecting a decline of about 26%[10] - The total liabilities for the company in 2024 amounted to HKD 13.1 million, compared to HKD 6.85 million in 2023, indicating a significant increase[15] Revenue Sources - Revenue from big data center services reached HKD 56,009,000 in 2024, significantly up from HKD 22,037,000 in 2023, indicating an increase of 154.1%[23] - The group reported total revenue from continuing operations of HKD 9,587,000 in Hong Kong and HKD 48,522,000 in the United States for the fiscal year ending December 31, 2024[39] - The group recorded total revenue of approximately HKD 58,100,000, an increase of HKD 32,900,000 compared to HKD 25,200,000 in the previous year, representing a growth of 130.6%[96] - The data center services contributed approximately HKD 56,000,000 to revenue, an increase of HKD 34,000,000 from HKD 22,000,000 in the same period last year, reflecting a growth of 154.5%[96] - The lending business generated revenue of approximately HKD 2,100,000, a decrease of HKD 1,100,000 from HKD 3,200,000 in the previous year, representing a decline of 34.4%[97] Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5] - The company aims to enhance its product offerings and explore potential mergers and acquisitions to strengthen its market position[5] - The company is focused on expanding its business in storage, power, and related services, as well as developing a Web3.0 platform[11] - The company plans to invest a significant portion of the funds raised from the successful placement on March 6, 2025, into the development of Web3.0 products[77] - The group plans to allocate approximately 35% of the net proceeds from a share placement for Web3.0-related development and new opportunities, and about 10.7% for expanding and enhancing data center capabilities[101] Compliance and Governance - The company has adopted new Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements for the current and prior years[16] - The company has complied with all provisions of the GEM Listing Rules Corporate Governance Code, except for the monthly updates to the board prior to October 2024[123] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2024[127] Operational Developments - The company is actively researching blockchain and Web3.0 applications, aiming to develop various products including analytical platforms and DEX aggregators[76] - The company’s data center optimization efforts have successfully reduced power supply costs and maintained stable operations without major incidents throughout the year[74] - The group has expanded its overseas business due to challenges in the Hong Kong cryptocurrency market, focusing on potential customers for its data center services[25] - The group is considering exploring joint ventures and other means to accelerate product development and market expansion[114]
加幂科技(08198) - 2024 - 年度业绩