Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately HKD 250.8 million, a decrease of about 5.6% compared to HKD 265.6 million for the fiscal year ending December 31, 2023[5]. - The loss attributable to the company's owners for the fiscal year 2024 was approximately HKD 18.4 million, compared to a loss of HKD 18.2 million in the fiscal year 2023[5]. - The total comprehensive loss for the fiscal year 2024 was HKD 18.378 million, slightly lower than HKD 18.518 million in the previous year[8]. - The basic and diluted loss per share for the fiscal year 2024 was HKD 3.07, compared to HKD 3.03 for the fiscal year 2023[8]. - The group reported a pre-tax loss of HKD 18,402,000 for 2024, compared to a loss of HKD 18,173,000 in 2023, indicating a slight increase in losses[31]. - The group recorded a loss attributable to owners of HKD 18.4 million in FY2024, slightly increasing from HKD 18.2 million in FY2023[59]. Revenue Breakdown - Total revenue for the fiscal year 2024 is approximately HKD 250.8 million, a decrease of 5.6% from HKD 265.6 million in fiscal year 2023[44]. - The logistics and warehousing segment generated external sales of HKD 92,711,000 for the fiscal year ending December 31, 2024, compared to HKD 81,542,000 in 2023, indicating a growth of about 13.5%[22]. - The electronic commerce segment reported external sales of HKD 37,981,000 for the fiscal year ending December 31, 2024, a decrease from HKD 83,389,000 in 2023, reflecting a decline of approximately 54.5%[22]. - Air freight agency services revenue increased from approximately HKD 77.6 million in fiscal year 2023 to approximately HKD 89.6 million in fiscal year 2024, driven by an increase in air freight tonnage handled[45]. - Sea freight agency services revenue rose from approximately HKD 23.2 million in fiscal year 2023 to approximately HKD 30.5 million in fiscal year 2024, attributed to favorable rates obtained from key customers[46]. - E-commerce business revenue decreased significantly from approximately HKD 83.4 million in fiscal year 2023 to approximately HKD 38.0 million in fiscal year 2024, due to changes in operational strategy leading to fewer B2C orders[47]. Expenses and Cost Management - Administrative and selling expenses decreased primarily due to reduced legal and professional fees, as well as a decrease in employee numbers and salary expenses[5]. - Total employee costs decreased to HKD 38,557,000 in 2024 from HKD 48,907,000 in 2023, reflecting a reduction of approximately 21%[31]. - The group incurred a total of HKD 27,472,000 in cost of sales for 2024, down from HKD 38,206,000 in 2023, representing a decrease of approximately 28%[31]. - Administrative and selling expenses reduced by approximately HKD 5.4 million from HKD 41.2 million in FY2023 to HKD 35.8 million in FY2024, due to decreased legal and professional fees and cost control measures[58]. Assets and Liabilities - Total assets decreased from HKD 68,963 million in 2023 to HKD 63,204 million in 2024, a decline of approximately 8.5%[9]. - Non-current assets increased significantly from HKD 36,415 million in 2023 to HKD 56,594 million in 2024, representing a growth of about 55.5%[9]. - Current liabilities rose from HKD 60,949 million in 2023 to HKD 78,841 million in 2024, an increase of approximately 29.4%[10]. - Total equity decreased from HKD 61,247 million in 2023 to HKD 42,869 million in 2024, a decline of around 30%[10]. - The company's borrowings increased from HKD 3,000 million in 2023 to HKD 11,323 million in 2024, an increase of approximately 277.4%[10]. - The company's total liabilities increased from HKD 60,949 million in 2023 to HKD 78,841 million in 2024, a rise of about 29.4%[10]. Strategic Initiatives - The company aims to restructure its financing sources to minimize interest expenses[5]. - The company is exploring new strategies for market expansion and product development to improve future performance[11]. - The company aims to enhance competitiveness through advanced technologies such as transportation and warehouse management systems and big data analytics[43]. - The management team is committed to strict cost control measures and strategic pricing adjustments to improve profitability[43]. - The company plans to continue careful management of costs and profit margins to seek ongoing improvements in the future[43]. Compliance and Governance - The board confirmed compliance with all corporate governance code provisions during the reporting period from January 1, 2024, to December 31, 2024[72]. - The audit committee has reviewed the consolidated financial statements for the fiscal year 2024 and confirmed compliance with applicable accounting standards and GEM listing rules[82]. - The company has implemented anti-corruption and reporting policies to promote a healthy corporate culture and high ethical standards[73]. Shareholder Communication - The company has adopted electronic communication arrangements for distributing company communications to shareholders, effective December 31, 2024[76]. - The company will publish its communications on its website and the Hong Kong Stock Exchange website[77]. - The company encourages shareholders to provide updated contact information to facilitate timely communication[78].
骏高控股(08035) - 2024 - 年度业绩