Financial Performance - Revenue for the year ended December 31, 2024, increased to HKD 182,756,000, up 33.3% from HKD 137,164,000 in 2023[3] - Gross profit for the same period rose to HKD 16,270,000, representing a 74.8% increase compared to HKD 9,313,000 in 2023[3] - Operating loss decreased to HKD 5,167,000, improving from a loss of HKD 12,611,000 in the previous year[3] - The net loss for the year was HKD 5,244,000, a significant reduction from HKD 12,766,000 in 2023[4] - Basic and diluted loss per share improved to HKD 0.45 from HKD 0.62 in the previous year[3] - The group reported a total segment profit of HKD 4,754,000 in 2024, a significant improvement from a loss of HKD 3,937,000 in 2023[15] - The group reported a pre-tax loss of HKD 5,206,000 in 2024, an improvement from a loss of HKD 12,766,000 in 2023[15] - The company’s total comprehensive expenses for the year were HKD 9,187,000, compared to HKD 12,403,000 in 2023[29] Revenue Breakdown - Revenue from metal sales increased to HKD 93,706,000 in 2024 from HKD 67,433,000 in 2023, representing a growth of 38.9%[12] - Revenue from electronic device solutions rose to HKD 89,050,000 in 2024 compared to HKD 69,731,000 in 2023, marking a 27.7% increase[12] - Revenue from external customers in China (excluding Hong Kong) was HKD 89,050,000 in 2024, up from HKD 69,731,000 in 2023, indicating a growth of 27.7%[17] - Major customer A contributed HKD 70,630,000 in 2024, while customer C contributed HKD 67,433,000 in 2023[12] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 354,355,000, slightly down from HKD 363,542,000 in 2023[5] - Current assets decreased to HKD 304,782,000 from HKD 322,589,000 in the previous year[5] - Total assets decreased to HKD 394,955,000 in 2024 from HKD 404,603,000 in 2023, a decline of 2.6%[15] - Total liabilities slightly decreased to HKD 40,600,000 in 2024 from HKD 41,061,000 in 2023, a reduction of 1.1%[15] - Trade receivables and notes amounted to HKD 32,848,000, an increase from HKD 23,881,000 in 2023[25] - The company’s trade payables amounted to HKD 25,903,000, slightly up from HKD 25,824,000 in 2023[27] Investments and Fair Value - The fair value change of financial assets recognized in other comprehensive income was HKD 16,078,000, compared to HKD 194,000 in the previous year[4] - The fair value of the investment in Jinjiang Holdings increased to HKD 52,955,000 as of December 31, 2024, up from HKD 36,877,000 in 2023, representing 13% of the group's total assets[41] - The group recorded a fair value gain of HKD 16,078,000 from the investment in Jinjiang Holdings for the year ending December 31, 2024, due to a 48% increase in the stock price during the reporting period[41] Research and Development - Research and development costs were HKD 4,687,000 in 2024, down from HKD 4,963,000 in 2023[18] Dividends and Share Capital - The company did not recommend any dividend for the year ended December 31, 2024, consistent with 2023[20] - The total issued share capital remains unchanged at HKD 18,159,107.67, divided into 1,815,910,767 shares with a par value of HKD 0.01 each[46] - The company has not declared any dividends for the year ending December 31, 2024, consistent with the previous year[54] Financial Management and Strategy - The company maintains a disciplined financial management strategy to ensure sustainability and is optimistic about the prospects of Jinjiang Holdings[42] - The company is exploring diversification opportunities and enhancing sales capabilities to adapt to global economic challenges[43] - The company has not made any significant investments or acquisitions during the year ending December 31, 2024, aside from the disclosed investment in Jinjiang Holdings[42] - The company has no bank borrowings as of December 31, 2024, maintaining a prudent funding strategy[45] Future Outlook - The company expects to obtain development approval within 12 to 18 months after submitting the development proposal[36] - The company continues to actively engage with local authorities to expedite the approval process for the land development[36] Employee Costs and Contingent Liabilities - The total employee cost, including director remuneration, for the year is HKD 20,181,000, a decrease from HKD 20,753,000 in the previous year[52] - The company has no significant contingent liabilities as of December 31, 2024, consistent with the previous year[49] - There are no major capital commitments reported as of December 31, 2024, similar to the previous year[51] Miscellaneous - The company will closely monitor its foreign exchange risks and take appropriate measures if necessary[48] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year[60] - The annual report for the year ending December 31, 2024, will be made available to shareholders in due course[61]
海亮国际(02336) - 2024 - 年度业绩