Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was $37,914,000, a decrease of 57.5% compared to $89,059,000 in the previous year[3]. - The net profit for the year was $47,551,000, significantly up from $7,087,000 in the previous year, representing a 572.5% increase[3]. - Basic and diluted earnings per share increased to 10.54 cents from 1.58 cents, marking a growth of 567.1%[3]. - The pre-tax profit for the year ended December 31, 2024, was $47,558,000, a significant increase from $7,087,000 in 2023, reflecting a growth of approximately 572%[6]. - The company reported a significant increase in interest income, totaling $25,293,000 in 2024, up from $19,678,000 in 2023, which is an increase of about 28%[6]. - The company reported a net foreign exchange loss of $2,503,000 in 2024, compared to a gain of $1,239,000 in 2023[28]. - The company reported an EBITDA of $48.2 million, significantly higher than $7.8 million in the previous year[45]. Assets and Liabilities - The total assets as of December 31, 2024, were $1,581,868,000, an increase from $1,537,294,000 in the previous year[5]. - The company’s equity attributable to owners increased to $1,581,357,000 from $1,536,795,000, a rise of 2.9%[5]. - The total assets classified as non-current financial assets measured at fair value increased to $408,118,000 in 2024 from $324,361,000 in 2023, reflecting a growth of about 26%[31]. - The company’s classified liabilities totaled $33,594,000 as of December 31, 2024, compared to $30,977,000 in the previous year, indicating an increase of approximately 5.2%[17]. - The group had no outstanding bank borrowings as of December 31, 2024, resulting in a capital debt ratio of zero[64]. Cash Flow - The net cash generated from operating activities decreased to $22,888,000 in 2024 from $71,115,000 in 2023, representing a decline of about 68.7%[6]. - The net cash used in investing activities improved to $113,344,000 in 2024 compared to a cash outflow of $785,108,000 in 2023, indicating a positive turnaround[6]. - Cash and cash equivalents rose to $263,618,000 from $130,308,000, reflecting a 102.1% increase[5]. - Cash and cash equivalents at the end of 2024 increased to $263,618,000 from $130,308,000 in 2023, marking a growth of approximately 102%[6]. Investment and Revenue Segments - The company has three operational business units: financial services, proprietary investment, and real estate, maintaining the same structure as in 2023[13]. - Total revenue from financial products decreased to $28,149,000 in 2024 from $29,939,000 in 2023, representing a decline of approximately 6%[23]. - Dividend income from financial products significantly dropped to $7,450,000 in 2024 from $56,711,000 in 2023, a decrease of about 87%[23]. - The financial services segment generated a profit of $5.2 million, down from $11.0 million in 2023, mainly due to goodwill impairment losses of $7.6 million[51]. - The self-investment business recorded a profit of $56.0 million, a significant recovery from a loss of $3.6 million in 2023[57]. Goodwill and Impairment - The company recognized a goodwill impairment loss of $7,604,000 during the year[3]. - The company recorded a goodwill impairment loss of $7,604,000 for the fiscal year ending December 31, 2024[14]. Dividends - The company declared a final dividend of HKD 0.12 per share for the fiscal year ending December 31, 2024, totaling approximately $6,935,000, consistent with the previous year's dividend[29]. - The proposed final dividend for the fiscal year ending December 31, 2024, is HKD 0.12 per share, unchanged from 2023[43]. - The company plans to distribute the proposed final dividend on July 17, 2025, pending shareholder approval[44]. Regulatory and Governance - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to regulatory changes[9]. - The company has adopted and complied with the Corporate Governance Code as outlined in the Listing Rules Appendix C1[82]. - The audit committee, consisting of independent non-executive directors, has reviewed the audited consolidated financial statements for the year[83]. - The financial statements have been audited by Deloitte Touche Tohmatsu, confirming the accuracy of the reported figures[84]. Future Outlook and Strategy - The company plans to focus on its core financial services, including securities trading and brokerage, with a competitive commission rate and strong customer loyalty expected to drive sustainable growth[73]. - The company is prepared to capitalize on the recovering IPO market in 2025, leveraging existing customer relationships to enhance its underwriting business[74]. - The company aims to diversify its lending products, including commercial financing and specialized lending solutions, to explore new growth opportunities in the lending sector[75]. - The asset management business will prioritize tailored investment management services for high-net-worth clients to enhance brand recognition and market reputation[76]. - The company is actively seeking investment opportunities in high-end commercial properties and other real estate with strong future capital appreciation potential[76]. - The company aims to leverage global market recovery opportunities through balanced and prudent asset allocation strategies as it approaches 2025[77]. Employee and Operational Metrics - As of December 31, 2024, the company employed 41 staff members in Hong Kong, offering competitive compensation and performance-based remuneration[78]. - The total employee costs amounted to $4,725,000 in 2024, slightly down from $4,778,000 in 2023[28]. Miscellaneous - The group reported no bad debts for the year[56]. - There have been no significant events reported by the board after December 31, 2024, up to the date of this announcement[79]. - The company and its subsidiaries did not repurchase, sell, or redeem any of its listed securities during the year[80].
国际资源(01051) - 2024 - 年度业绩