Financial Performance - Revenue for the fiscal year 2024 was approximately HKD 3,051.9 million, an increase of 20.6% compared to HKD 2,529.8 million in fiscal year 2023[5] - Gross profit for fiscal year 2024 was approximately HKD 177.7 million, representing a growth of 8.4% from HKD 164.0 million in fiscal year 2023[5] - The net profit attributable to owners of the company for fiscal year 2024 was approximately HKD 6.7 million, a significant recovery from a net loss of HKD 16.2 million in fiscal year 2023[5] - Basic earnings per share for fiscal year 2024 were HKD 0.63, compared to a loss per share of HKD 1.53 in fiscal year 2023[7] - The group reported a total segment profit of HKD 177,709 thousand in 2024, compared to HKD 163,997 thousand in 2023, reflecting a growth of 8.4%[26] - The group achieved a net profit of HKD 6,222 thousand in 2024, a turnaround from a net loss of HKD 10,160 thousand in 2023[26] - The basic earnings per share for the fiscal year 2024 is HKD 0.0063, compared to a loss of HKD (0.0153) in 2023, representing a significant turnaround[36] - The diluted earnings per share for 2024 is HKD 0.0048, compared to a diluted loss of HKD (0.0153) in 2023, indicating improved profitability[39] Revenue Breakdown - Digital storage products revenue increased to HKD 2,078,988 thousand in 2024 from HKD 1,753,883 thousand in 2023, representing a growth of 18.5%[24] - General components revenue rose to HKD 972,955 thousand in 2024 from HKD 775,913 thousand in 2023, marking a growth of 25.4%[24] - Revenue from external customers in Mainland China increased to HKD 2,141,718 thousand in 2024 from HKD 1,833,342 thousand in 2023, a growth of 16.8%[28] - The company's core product segments contributed 68.1% and 31.9% to total revenue, respectively, for digital storage products and general components[55] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 1,130.8 million, a decrease from HKD 1,177.6 million as of December 31, 2023[9] - Current liabilities amounted to HKD 945.6 million as of December 31, 2024, down from HKD 1,000.1 million in the previous year[9] - The total equity attributable to owners of the company was HKD 279.3 million as of December 31, 2024, slightly down from HKD 280.6 million in the previous year[9] - The total trade receivables decreased to HKD 577,021,000 in 2024 from HKD 818,065,000 in 2023, reflecting a reduction of approximately 29.5%[44] - The total trade payables increased to HKD 216,078,000 in 2024 from HKD 164,622,000 in 2023, representing a rise of approximately 31.2%[46] Costs and Expenses - The company reported a significant increase in inventory, which rose to HKD 379.3 million in fiscal year 2024 from HKD 227.7 million in fiscal year 2023[8] - The company’s financing costs increased to HKD 45.7 million in fiscal year 2024 from HKD 35.3 million in fiscal year 2023[6] - Distribution and selling expenses increased to approximately HKD 73.3 million in 2024, up from HKD 49.9 million in 2023, primarily due to higher commissions and promotional expenses[62] - Administrative expenses decreased by HKD 5.8 million to HKD 72.3 million in 2024 from HKD 78.1 million in 2023, primarily due to effective cost control measures[63] Other Income and Tax - The company recorded other income of HKD 14.9 million in fiscal year 2024, compared to HKD 3.7 million in fiscal year 2023[6] - The effective tax rate for the group in 2024 was impacted by a tax credit of HKD 2,563 thousand, compared to a tax expense of HKD 4,958 thousand in 2023[34] Corporate Governance and Compliance - The company has reassessed the terms and conditions of liabilities as of January 1, 2023, and January 1, 2024, confirming that the classification of current and non-current liabilities remains unchanged after the initial application of the amendments[14] - The adoption of the revised Hong Kong Financial Reporting Standards has not had a significant impact on the company's financial performance or position for past periods, and it is expected to have no significant impact for the current or future periods[15] - The company is currently analyzing the impact of the new regulations introduced by Hong Kong Financial Reporting Standard No. 18 on its financial statement presentation and disclosures[21] - The audit committee has reviewed and confirmed the accounting principles and practices adopted by the group for the audited annual performance in 2024[97] Future Outlook and Market Trends - The global semiconductor market size is projected to be USD 635.1 billion in 2024, reflecting a year-on-year growth of 19.8%[50] - The semiconductor market is projected to grow to USD 718.9 billion in 2025, reflecting a year-on-year increase of 13.2% driven by AI applications[89] - The group anticipates benefiting from national policy support, stable downstream industry demand growth, and accelerated domestic semiconductor substitution, creating market opportunities in 2024[91] - The group plans to strengthen collaboration with industry leaders to enhance supply chain resilience and optimize delivery capabilities to support business growth[91] - Strong domestic market demand is expected to further grow the domestic business, offsetting potential adverse impacts from uncertainties in overseas markets[93]
光丽科技(06036) - 2024 - 年度业绩