Revenue and Profitability - The revenue for SMART GLOBE HOLDINGS LIMITED for the fiscal year 2024 was approximately HKD 117.6 million, an increase of about 20.9% compared to HKD 97.2 million in fiscal year 2023[2]. - The printing business generated revenue of approximately HKD 108.1 million in fiscal year 2024, an increase of about 11.1% from HKD 97.2 million in fiscal year 2023[4][6]. - The supply chain management services business, which commenced operations in August 2024, generated revenue of approximately HKD 9.5 million and a net profit of approximately HKD 0.4 million[5][6]. - Other income increased from approximately HKD 0.9 million in fiscal year 2023 to HKD 2.6 million in fiscal year 2024, mainly due to increased bank interest income and government subsidies[9]. - Revenue for the fiscal year 2024 was approximately HKD 117.6 million, a decrease from HKD 97.2 million in fiscal year 2023[37]. - Revenue from book products was HKD 99,757,000, up 11.5% from HKD 89,659,000 in 2023[53]. - Supply chain management services generated revenue of HKD 9,520,000, marking the first contribution from this segment[58]. - The printing business reported a segment loss of HKD 5,608,000, while the supply chain management services achieved a profit of HKD 361,000[58]. Financial Performance - The net loss for fiscal year 2024 was approximately HKD 12.0 million, compared to a loss of HKD 3.7 million in fiscal year 2023, primarily due to competitive pricing strategies and increased administrative expenses related to supply chain management services in Sub-Saharan Africa[2][12]. - The gross profit for fiscal year 2024 was approximately HKD 13.7 million, a decrease of about 36.2% from HKD 21.6 million in fiscal year 2023, primarily due to lower profit margins from the printing business[7]. - The gross margin for the printing business decreased to 12.1% in fiscal year 2024 from 22.2% in fiscal year 2023[7]. - The company reported a loss attributable to shareholders of approximately HKD 12 million for the fiscal year 2024, compared to a loss of HKD 3.69 million in fiscal year 2023[35]. - The company’s basic loss per share for fiscal year 2024 was HKD 1.18, compared to HKD 0.36 in fiscal year 2023[35]. - The company incurred a loss before tax of HKD 12,000,000 for the year, compared to a loss of HKD 3,666,000 in the previous year, indicating a significant decline in performance[48]. - The basic loss per share for the year 2024 was HKD (12,000) thousand, compared to HKD (3,690) thousand in 2023, indicating a significant increase in losses[66]. Expenses and Costs - Administrative expenses increased by approximately 12.4% to HKD 23.2 million in fiscal year 2024, primarily due to higher employee costs and legal/professional fees related to supply chain management services[11]. - The company reported a total employee cost of approximately HKD 38.5 million for the fiscal year 2024, an increase from HKD 34.7 million in fiscal year 2023[26]. - The company has no interest-bearing bank borrowings as of December 31, 2024, maintaining a current ratio of approximately 4.3[20]. Assets and Liabilities - The total assets as of December 31, 2024, were approximately HKD 142.5 million, a decrease from HKD 150.3 million in 2023[17]. - Shareholders' equity decreased to approximately HKD 113.2 million in 2024 from HKD 126.6 million in 2023[17]. - The group’s debt-to-equity ratio increased to 7.1% in 2024 from 5.2% in 2023[20]. - Current assets as of December 31, 2024, were approximately HKD 107.0 million, down from HKD 114.6 million in 2023[18]. - The net current asset value decreased by approximately HKD 12.9 million or 13.5% to about HKD 82.1 million in 2024[18]. - The total assets decreased to HKD 117,573,000 as of December 31, 2024, down from HKD 130,688,000 in 2023[49]. - The net asset value also declined to HKD 113,159,000 in 2024, compared to HKD 126,603,000 in 2023[49]. Strategic Developments - The company plans to continue leveraging its one-stop printing platform and improve operational efficiency despite challenges from digital transformation and global competition[14]. - The group has successfully expanded its supply chain management services into the logistics sector in sub-Saharan Africa, contributing to revenue in FY2024[15]. - The group established its own truck fleet in Zambia and completed the acquisition of land in early 2025, planning to expand its logistics fleet and build a logistics center[15]. - The group signed a memorandum of understanding with COSCO SHIPPING Africa for strategic cooperation, aiming to formalize a binding agreement within the next year[15]. - The company completed the acquisition of land in Zambia on January 3, 2025, as part of its strategy to capitalize on logistics opportunities in sub-Saharan Africa[33]. - The company established two new subsidiaries in Zambia, expanding its operations into supply chain management services[56]. Shareholder Information - The board of directors did not recommend any final dividend for fiscal year 2024, consistent with fiscal year 2023[13]. - No dividends were declared or proposed for the past two years, consistent with the previous year[65]. - The company has not purchased, sold, or redeemed any of its securities during the fiscal year 2024[28]. - The company issued convertible bonds with a principal amount of HKD 20.1 million, convertible into a maximum of 16,750,000 shares at a conversion price of HKD 1.2 per share[27]. - The net proceeds from the convertible bond issuance are intended for general working capital, including expanding the logistics fleet and developing a logistics center[27]. - The company raised approximately HKD 20.7 million from a share placement in 2022, which has been fully utilized for acquiring land in Zambia, accounting for 76.3% of the total cost[32]. Employee Information - As of December 31, 2024, the company had 438 employees, up from 364 employees as of December 31, 2023[26].
竣球控股(01481) - 2024 - 年度业绩