Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 93,064,000, a decrease of 1.5% from HKD 94,439,000 in 2023[3] - Net profit for the year was HKD 13,287,000, representing a 28.8% increase compared to HKD 10,305,000 in 2023[3] - Basic earnings per share increased to HKD 3.32 cents from HKD 2.58 cents, reflecting a growth of 28.6%[3] - The company reported a significant increase in operating profit to HKD 18,502,000, up 18.5% from HKD 15,574,000 in the previous year[3] - The group's total operating expenses for the year ended December 31, 2024, amounted to 13,325 thousand Ringgit, an increase from 11,051 thousand Ringgit in 2023, representing a growth of approximately 20.6%[24] - The group reported a total of 19,259 thousand Ringgit in dividends for the year 2024, down from 27,337 thousand Ringgit in 2023, a decrease of approximately 29.3%[28] - The group’s net profit for the year ended December 31, 2024, was 13,287 thousand Ringgit, compared to 10,305 thousand Ringgit in 2023, indicating an increase of about 28.8%[29] - The group generated a net cash inflow from operating activities of approximately 14.98 million MYR for the fiscal year ending December 31, 2024, compared to approximately 14.33 million MYR in 2023[55] Assets and Liabilities - Total assets decreased to HKD 54,015,000 from HKD 61,824,000, a decline of 12.7%[4] - Current liabilities decreased to HKD 18,382,000 from HKD 21,511,000, a reduction of 14.3%[4] - The total amount of loans receivable as of 2024 is 9,000,000 MYR, down from 18,000,000 MYR in 2023[33] - The company’s debt-to-asset ratio as of December 31, 2024, is 32%, a decrease from 34% in 2023[42] - The group's total equity and liabilities as of December 31, 2024, were approximately 42.98 million MYR and 20.63 million MYR, respectively, compared to approximately 48.95 million MYR and 25.03 million MYR in 2023[57] Customer and Market Insights - Major customers contributed over 10% of total revenue, with Customer A generating 21,316 thousand Ringgit in 2024, down from 24,262 thousand Ringgit in 2023, reflecting a decline of approximately 8%[23] - The group primarily operates in Malaysia, with all non-current assets and revenue from external customers located in this region[22] - The top five customers accounted for 71.0% of total revenue as of December 31, 2024, down from 74.0% in 2023, all being insurance companies or charitable organizations[62] Employee and Operational Metrics - The group incurred employee costs of 58,415 thousand Ringgit in 2024, a decrease from 63,364 thousand Ringgit in 2023, representing a reduction of about 7.5%[27] - As of December 31, 2024, the company had 1,225 employees, with total employee costs amounting to approximately MYR 58.42 million, representing about 62.8% of total revenue for the year[60] - The company has 1,225 employees as of December 31, 2024, down from 1,412 employees in 2023[74] - The average number of monthly service seats decreased from 1,110 to 1,095, while the revenue per service seat remained stable at approximately 7,082 MYR for the fiscal year ending December 31, 2024[46] Financial Reporting Standards - The group has adopted the revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which includes significant changes in accounting policies for loan classifications[9] - The revised standards classify loans as current liabilities unless the group has the right to defer repayment for at least 12 months after the reporting period[10] - The new policy does not result in any changes to the group's loan classifications and does not require retrospective adjustments[11] - The group is currently assessing the impact of the new and revised Hong Kong Financial Reporting Standards on its consolidated financial statements[14] - The introduction of Hong Kong Financial Reporting Standard No. 18 will significantly change the presentation of financial performance data in the income statement, enhancing comparability and transparency[15] Strategic Initiatives - The company plans to expand its market presence and enhance its service offerings in the upcoming fiscal year[6] - The company is focusing on developing new technologies to improve customer engagement and operational efficiency[6] - The company has established a new office in Kuala Lumpur to support its growth strategy in Southeast Asia[5] - The company is focusing on maintaining productivity and expects a stable and resilient overall outlook for 2025[80] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the draft audited annual performance for the year ending December 31, 2024[93] - The company has adhered to the corporate governance code and has no significant deviations from the code provisions as of December 31, 2024, except for the absence of an internal audit function[92] - The company has confirmed compliance with the standards for securities trading by directors as of December 31, 2024[90] Miscellaneous - The company has confirmed that there are no significant events after December 31, 2024, that require adjustment or disclosure[84] - The company has no significant investments or capital asset plans as of December 31, 2024[78] - The company does not plan to declare any final dividends for the year ending December 31, 2024[81] - The company has not engaged in any purchases, sales, or redemptions of its listed securities as of December 31, 2024[89] - The company has extended the repayment date for loans to December 31, 2022, with a fixed annual interest rate of 11%[71]
比特策略(06113) - 2024 - 年度业绩