Financial Performance - Revenue from continuing operations decreased by approximately 1.7% to about HKD 508.5 million compared to HKD 517.4 million in the same period of 2023[3]. - Gross profit from continuing operations increased by approximately 10.5% to about HKD 130.5 million, with a gross profit margin rising by 2.9% to approximately 25.7%[4][5]. - Loss attributable to equity holders of the company was approximately HKD 53.7 million, compared to a loss of HKD 38.7 million in the same period of 2023, resulting in a basic loss per share of HKD 2.42[5][6]. - Total comprehensive income for the year was HKD 96.2 million, a significant improvement from a comprehensive loss of HKD 21.1 million in 2023[7]. - The group reported external customer revenue of HKD 508,478,000 for the year ending December 31, 2024, a decrease of 1.8% from HKD 517,429,000 in 2023[38]. - The group recorded a total adjusted loss before tax of HKD 51,189,000 for continuing operations, compared to a loss of HKD 30,983,000 in the previous year[32]. - The group incurred a loss of approximately HKD 42.1 million in the lending and credit card business, an increase from HKD 26.3 million for the year ended December 31, 2023, primarily due to increased employee costs[72]. - The group reported a loss from discontinued operations of HKD 488 for the year 2023, with a total loss of HKD 573 after accounting for the sale of the business[51]. Assets and Liabilities - Non-current assets decreased from HKD 339.3 million in 2023 to HKD 745.7 million in 2024, with a notable increase in financial assets at fair value through other comprehensive income from HKD 30.9 million to HKD 183.5 million[8]. - Current liabilities increased significantly from HKD 170.7 million in 2023 to HKD 385.0 million in 2024, primarily due to trade payables rising from HKD 123.3 million to HKD 335.5 million[9]. - The company’s total assets less current liabilities increased from HKD 640.1 million in 2023 to HKD 700.0 million in 2024[9]. - The company’s equity attributable to equity holders increased from HKD 599.6 million in 2023 to HKD 694.8 million in 2024[9]. - The total assets of the group as of December 31, 2024, amounted to HKD 1,085,025,000, compared to HKD 810,792,000 as of December 31, 2023[34]. - The group’s total liabilities increased to HKD 388,073,000 from HKD 177,109,000 year-over-year[35]. - Trade payables as of December 31, 2024, were approximately HKD 335.5 million, significantly increased from about HKD 123.3 million as of December 31, 2023[96]. Revenue Segments - The food and beverage segment generated revenue of HKD 405,377,000, down from HKD 431,409,000, reflecting a decline of 6.0%[40]. - The financial services segment reported revenue of HKD 101,678,000, an increase of 19.0% from HKD 85,244,000[32]. - Revenue from the food and beverage segment was approximately HKD 405.4 million in 2024, down about 6.0% from HKD 431.4 million in 2023[63]. - The gross profit for the food and beverage segment was approximately HKD 50.2 million in 2024, a decrease from HKD 53.1 million in 2023, reflecting a decline of about 5.5%[63]. - The financial services segment contributed approximately HKD 101.7 million to total revenue in 2024, an increase of about 19.3% from HKD 85.2 million in 2023[64]. - The financial services segment recorded a loss of approximately HKD 41.8 million in 2024, compared to a loss of HKD 23.0 million in 2023[65]. Expenses and Costs - Employee benefits expenses increased to HKD 81,007 in 2024 from HKD 57,218 in 2023, reflecting a significant rise in wage and salary costs[46]. - Administrative expenses for the reporting period were approximately HKD 134.8 million, an increase of about 26.6% compared to approximately HKD 106.5 million for the year ended December 31, 2023[81]. - Sales and distribution expenses accounted for approximately 8.1% of revenue during the reporting period, down from about 7.3% for the year ended December 31, 2023, with warehousing and logistics costs decreasing from approximately 5.7% to about 4.9%[80]. - The total financing costs for continuing operations decreased to HKD 682 in 2024 from HKD 828 in 2023[48]. - The cost of goods sold for the year 2024 was HKD 355,141, a decrease from HKD 378,269 in 2023[46]. Strategic Developments - The company plans to maintain a cautious approach in developing its restaurant services business due to high uncertainty in the overall environment[106]. - The group aims to diversify its business portfolio, focusing on both the restaurant and financial sectors to create long-term value for shareholders[105]. - The company is entering the credit card and insurance sectors as part of its long-term strategic development towards becoming a comprehensive financial services institution[107]. - The group will continue to assess the performance of its existing businesses and identify segments with growth potential[107]. Governance and Compliance - The company has not appointed a chairman for the board during the reporting period, deviating from the corporate governance code provisions C.2.1[117]. - The CEO, Mr. Liu Jiahao, will serve as the chairman for the upcoming annual general meeting on June 21, 2024[116]. - The company has adopted the standard code for securities trading by directors and confirmed compliance by all directors during the reporting period[118]. Other Information - The group continues to adopt the going concern basis in preparing the consolidated financial statements, expecting sufficient resources for ongoing operations[22]. - The group has not entered into any agreements or purchased any instruments to hedge its foreign exchange risk, which is considered minimal due to the peg between the Hong Kong dollar and the US dollar[102]. - There are no significant events affecting the group's operational and financial performance after December 31, 2024[120]. - The annual performance announcement and annual report will be available on the company's and the stock exchange's websites at an appropriate time[122].
未来发展控股(01259) - 2024 - 年度业绩