Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 187,279,000, representing an increase of 9.9% compared to HKD 170,406,000 for the year ended December 31, 2023[4] - Gross profit for the year was HKD 62,081,000, up from HKD 60,350,000, indicating a growth of 2.9%[4] - The net profit attributable to equity holders for the year was HKD 28,055,000, slightly down from HKD 28,229,000, reflecting a decrease of 0.6%[4] - Basic and diluted earnings per share were HKD 3.51, compared to HKD 3.53 for the previous year, showing a decline of 0.6%[4] - Total revenue for the year 2024 reached HKD 187,279,000, an increase from HKD 170,406,000 in 2023, representing a growth of approximately 9.3%[16] - Civil engineering revenue increased to HKD 149,854,000 in 2024 from HKD 135,579,000 in 2023, marking a growth of about 10.5%[16] - The company’s revenue from traffic engineering decreased to HKD 22,010,000 in 2024 from HKD 24,166,000 in 2023, reflecting a decline of approximately 9.0%[16] - The company’s revenue from landscape architecture increased significantly to HKD 5,238,000 in 2024 from HKD 2,815,000 in 2023, representing an increase of about 86.1%[16] - The company’s revenue from other supporting services rose to HKD 4,509,000 in 2024 from HKD 1,965,000 in 2023, indicating a growth of approximately 129.5%[16] Assets and Liabilities - Total assets decreased to HKD 158,008,000 from HKD 172,218,000, a reduction of 8.2%[5] - Current liabilities decreased to HKD 27,348,000 from HKD 25,814,000, an increase of 5.9%[5] - The company's total equity decreased to HKD 136,152,000 from HKD 153,097,000, a decline of 11.1%[5] - Trade receivables increased from HKD 61,827,000 in 2023 to HKD 72,417,000 in 2024, representing a growth of about 17.1%[31] - Trade payables increased to HKD 5,055,000 in 2024 from HKD 2,922,000 in 2023, marking a rise of 73.0%[41] - Contract assets increased to HKD 34,750,000 in 2024 from HKD 30,141,000 in 2023, representing a growth of approximately 15.5%[37] - The balance of contract liabilities decreased to HKD 225,000 in 2024 from HKD 272,000 in 2023, a reduction of 17.3%[37] Dividends - The company declared dividends totaling HKD 45,000,000 during the year[7] - The interim dividend per share decreased from HKD 0.08125 in 2023 to HKD 0.05625 in 2024, a reduction of approximately 30.7%[27] - The company did not recommend the payment of a final dividend for the year ending December 31, 2024[27] - The board does not recommend the payment of a final dividend for the year 2023, with total cash dividends amounting to HKD 0.05625 per share, down from HKD 0.08125 per share in 2022[69] Credit Loss Provisions - The company reported an expected credit loss provision of HKD 1,178,000, up from HKD 527,000, indicating an increase of 123.5%[4] - The provision for expected credit losses on trade receivables rose from HKD 2,221,000 in 2023 to HKD 3,336,000 in 2024, an increase of about 50.2%[35] - The expected credit loss provision for contract assets rose to HKD 301,000 in 2024 from HKD 238,000 in 2023, an increase of 26.5%[41] - The expected credit loss provision for contract assets at the beginning of the year was HKD 238,000 in 2024, up from HKD 178,000 in 2023, an increase of 33.9%[41] Operational Focus and Strategy - The company continues to focus on expanding its engineering design and consultancy services in Hong Kong[8] - The group aims to enhance operational efficiency and profitability while actively seeking opportunities to expand its customer base and market share[59] Corporate Governance - The board emphasizes the importance of corporate governance and has adhered to the corporate governance code throughout the year[81][84] - The audit committee was established on August 20, 2018, in accordance with GEM Listing Rules, with responsibilities including the review of financial statements and internal controls[90] - The audit committee consists of three independent non-executive directors, with Ms. Qi Weizhen serving as the chairperson[90] - The company's annual performance has been reviewed by the audit committee, which provided recommendations and opinions[90] Changes in Management and Structure - There were changes in the board composition, with Mr. Chen resigning as an independent non-executive director and Mr. Peng appointed to the same position[78][79] - The company has adopted a share option scheme since August 20, 2018, but no options have been granted under this scheme[87] Compliance and Reporting - The announcement complies with the GEM Listing Rules and aims to provide relevant information about the company[92] - The directors confirm that the information in the announcement is accurate and complete, with no misleading or fraudulent elements[92] - The announcement will be published on the Hong Kong Stock Exchange website for at least seven days from the date of publication[93] - The company will also publish the announcement on its own website[93]
宝燵控股(08601) - 2024 - 年度业绩