Financial Performance - The company's total revenue for the year ending December 31, 2024, was HKD 39,986,349, an increase from HKD 37,170,632 in the previous year, representing a growth of approximately 4.9%[3] - Gross profit for the year was HKD 1,382,851, compared to HKD 1,300,615 in the previous year, indicating a growth of about 6.3%[3] - The net profit attributable to shareholders for the year was HKD 379,266, up from HKD 360,540, reflecting an increase of approximately 5.2%[4] - Basic earnings per share increased to HKD 14.75 from HKD 14.03, marking a rise of about 5.1%[4] - The total comprehensive income for the year was HKD 295,136, down from HKD 311,107 in the previous year, indicating a decrease of approximately 5.1%[4] Expenses and Costs - The company reported a total operating expenses of HKD 1,059,973, which includes selling and distribution expenses of HKD 498,713 and administrative expenses of HKD 202,094[3] - Research and development expenses were HKD 26,507, slightly decreased from HKD 26,894 in the previous year[3] - The company incurred a financing cost of HKD 248,548, which highlights the cost of capital management[32] - The total employee costs, including salaries and related expenses, increased to HKD 376,719,000 in 2024 from HKD 342,780,000 in 2023, marking an increase of about 9.9%[38] Assets and Liabilities - Total assets decreased from HKD 17,936,181 thousand in 2023 to HKD 17,311,227 thousand in 2024, a decline of approximately 3.47%[5] - Total liabilities increased from HKD 15,076,338 thousand in 2023 to HKD 14,586,457 thousand in 2024, a decrease of approximately 3.25%[6] - The company's equity increased from HKD 2,979,155 thousand in 2023 to HKD 2,812,545 thousand in 2024, reflecting a decrease of about 5.6%[6] - The total accounts receivable as of December 31, 2024, is HKD 4,460,739,000, a decrease from HKD 4,863,658,000 in 2023, reflecting a reduction of approximately 8.3%[40] Market Strategy and Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[2] - The company has indicated a focus on strategic acquisitions to enhance its competitive position in the market[2] - The group aims to expand into new ecosystems such as cloud applications, the metaverse, cybersecurity, and low-altitude economy by leveraging technological services and innovations[53] - The company is actively responding to market challenges by focusing on "new technology-driven, high-quality growth" and enhancing its core capabilities in digital economy[47] Revenue Recognition and Reporting Standards - The group recognizes revenue upon the transfer of control of goods to distributors, which occurs when the goods are delivered to the specified location[21] - The estimated variable consideration is included in the transaction price and is assessed based on expected value[22] - The group has updated the estimated transaction price at each reporting period to reflect current conditions[23] - The company has adopted the revised Hong Kong Financial Reporting Standards starting from January 1, 2024, which will impact the presentation of financial statements[10] Shareholder Information - The company plans to maintain a final dividend of HKD 0.05 per share for the year ending December 31, 2024, subject to shareholder approval[45] - The proposed final dividend is HKD 0.05 per share, totaling HKD 128,526,000, to be paid on June 20, 2025[68] - The total declared final dividend for the year ending December 31, 2023, was HKD 128,526,000, paid on June 21, 2024[69] Corporate Governance - The company has complied with all corporate governance code provisions for the year ending December 31, 2024, except for the separation of roles between the chairman and CEO[73] - The annual performance for the year ending December 31, 2024, has been reviewed and approved by the company's audit committee[75] Employee Information - The total number of employees as of December 31, 2024, was 1,423, a decrease from 1,466 in the previous year[60] - The total employee costs for the fiscal year ending December 31, 2024, were approximately HKD 464.65 million, up from HKD 424.24 million in the previous year[60]
长虹佳华(03991) - 2024 - 年度业绩