Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of $431,082,000, a significant increase of 308% compared to $105,682,000 in 2023[2] - Gross profit for the same period was $15,576,000, up from $9,322,000, reflecting a growth of 67.5%[2] - The operating profit surged to $42,283,000, compared to just $2,001,000 in the previous year, marking a dramatic increase of 2013.9%[2] - Net profit attributable to the company's owners reached $40,302,000, a substantial rise from $1,815,000, representing an increase of 2,124.5%[3] - Basic and diluted earnings per share both stood at 11.10 cents, compared to 0.50 cents in 2023, indicating a 2,120% increase[3] Assets and Liabilities - Total assets as of December 31, 2024, amounted to $452,828,000, up from $409,337,000 in 2023, reflecting an increase of 10.6%[5] - Current assets increased to $386,297,000 from $371,475,000, showing a growth of 4%[5] - The company reported a net asset value of $430,410,000, compared to $389,658,000 in the previous year, which is an increase of 10.5%[6] - The company’s total liabilities increased to $21.718 million in 2024 from $19.679 million in 2023, reflecting a rise in financial obligations[12] Cash and Receivables - The company’s cash and bank balances improved to $12,637,000 from $6,056,000, representing a growth of 108.5%[5] - The company’s accounts receivable increased significantly to $347.348 million in 2024 from $34.819 million in 2023, indicating improved sales and collection efficiency[15] - Trade receivables as of the reporting date totaled approximately $347.3 million, significantly up from $34.8 million in 2023, with the 0-30 days category accounting for $315.7 million[22] Business Segments and Operations - The company operates in three business segments: sales of graphite products globally, manufacturing and sales of electronic products in the UK, and design and manufacturing services[28] - The company acquired 100% of GoMeta Limited to develop third-generation internet-related businesses, including NFTs and cryptocurrencies, which are expected to generate new revenue streams[32] - Axiom Manufacturing Services Limited, a wholly-owned subsidiary, provides comprehensive outsourced manufacturing services, primarily to clients in the UK across various industries[31] Market Outlook and Future Plans - The company anticipates a cautious but optimistic outlook for the graphite market in 2025, influenced by geopolitical factors and the demand for electric vehicles[38] - The management forecasts that the UK business revenue will remain at high levels, with a budget increase to GBP 68 million for the upcoming year[39] Corporate Governance and Compliance - The company has not adopted any new or revised accounting standards that would significantly impact its financial position or performance for the current year[9] - The audit committee, composed of three independent non-executive directors, reviewed the financial reporting process and internal controls for the year ending December 31, 2024[58] - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are held by the same individual[55] Employee and Cost Management - The company’s employee costs for the year were $16.030 million, up from $15.457 million in 2023, indicating an increase in workforce or compensation[16] - The group employed 328 employees as of December 31, 2024, an increase from 314 in 2023, indicating a positive trend in workforce growth[49] Dividends and Investments - The company has not declared any dividends for the year ended December 31, 2024, consistent with 2023[20] - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ending December 31, 2024[46]
谊砾控股(00076) - 2024 - 年度业绩