Financial Performance - The total revenue for the year ended December 31, 2024, was MOP 182,030,000, representing a 29.5% increase from MOP 140,580,000 in 2023[6] - Gross profit for the same period was MOP 26,903,000, up from MOP 8,092,000, indicating a significant improvement in profitability[6] - The net profit for the year was MOP 7,418,000, compared to a net loss of MOP 15,787,000 in the previous year, marking a turnaround in financial performance[6] - Basic and diluted earnings per share for 2024 were MOP 1.57, recovering from a loss of MOP 1.71 per share in 2023[7] - The group reported a net profit of MOP 9,407,000 for 2024, recovering from a loss of MOP 10,281,000 in 2023[27] - The net profit for the year ended December 31, 2024, was approximately MOP 7.4 million, a significant turnaround from a loss of approximately MOP 15.8 million in 2023[46] Revenue and Growth - The group reported revenue from renovation engineering contracts of MOP 182,030,000 for 2024, a significant increase from MOP 90,756,000 in 2023, representing a growth of 100.5%[13] - Total revenue for 2024 reached MOP 182,030,000, compared to MOP 140,580,000 in 2023, indicating an increase of 29.5%[13] - The group recorded a segment performance of MOP 27,380,000 for the renovation engineering division in 2024, compared to MOP 4,964,000 in 2023, reflecting a growth of 451.5%[18] - The company reported a revenue of MOP 182.0 million for the year ended December 31, 2024, an increase of approximately MOP 41.4 million or 29.4% compared to the previous year[34] Assets and Liabilities - Total assets as of December 31, 2024, were MOP 223,640,000, slightly down from MOP 228,780,000 in 2023[8] - The company's net asset value increased to MOP 194,333,000 from MOP 187,238,000, reflecting a growth of 3.8%[8] - Trade and other receivables rose to MOP 44,842,000 from MOP 30,103,000, indicating improved collection efficiency[8] - The company reported a decrease in trade and other payables to MOP 91,042,000 from MOP 99,001,000, suggesting better cash management[8] - Trade receivables (net of loss provisions) increased to MOP 25.1 million in 2024 from MOP 12.6 million in 2023[30] - Trade payables rose significantly to MOP 26.1 million in 2024 from MOP 6.7 million in 2023[32] Expenses and Costs - Administrative expenses for 2024 were MOP 29,742,000, up from MOP 28,093,000 in 2023, showing an increase of 5.9%[18] - The total employee costs for 2024 amounted to MOP 23,289,000, compared to MOP 19,004,000 in 2023, representing an increase of 22.5%[24] - Administrative expenses rose by approximately MOP 1.6 million to about MOP 29.7 million, primarily due to the expansion in the Hong Kong market[44] - The total employee cost for the year was approximately MOP 23.3 million, an increase from MOP 19.0 million in 2023, reflecting the increase in full-time employees to 159 from 49[57] Market and Strategic Outlook - The company plans to continue expanding its construction services and air purification system sales, focusing on enhancing operational efficiency and market reach[9] - The company anticipates strong recovery in the tourism and gaming sectors in Macau, with inbound tourists reaching 34.9 million in 2024, a 24% increase year-on-year[35] - The total gaming revenue in Macau for 2024 was MOP 220.2 billion, reflecting a 24% increase compared to the previous year[35] - The company plans to explore opportunities in the financial services sector after acquiring a licensed entity for asset management and securities advisory[36] - The company aims to diversify its revenue sources and maintain strict cost control measures to ensure sustainable growth[36] - The company is optimistic about capturing opportunities in the construction and financial services industries to create value for stakeholders[36] Financial Ratios and Compliance - The debt-to-equity ratio improved to 9.2% as of December 31, 2024, down from 13.8% in 2023, mainly due to a reduction in bank borrowings[49] - The group's liquidity ratio increased to 2.0 times as of December 31, 2024, compared to 1.8 times in 2023[50] - The company has complied with all relevant laws and regulations in Macau, Hong Kong, and China during the year[58] - The company has adopted the corporate governance code as per the listing rules and has complied with all mandatory disclosure requirements[60] - The audit committee reviewed the consolidated financial statements for the year ended December 31, 2024, and found them to comply with applicable accounting standards and listing rules[66] Dividends and Shareholder Information - The group did not declare any dividends for both 2024 and 2023, maintaining a policy of no dividend distribution[25] - The company does not recommend any final dividend for the year ended December 31, 2024, consistent with the previous year[68] - The annual general meeting is scheduled for June 20, 2025, at 3:00 PM[69] - The company will suspend share transfer registration from June 17, 2025, to June 20, 2025, to facilitate attendance at the annual general meeting[70] Risks and Challenges - Significant fluctuations in construction material and labor costs may lead to cost overruns, severely impacting operational performance and financial results[59]
奥邦建筑(01615) - 2024 - 年度业绩