Financial Performance - The company reported a revenue of approximately HKD 41,068,000 for the year ended November 30, 2024, representing a 56.7% increase from HKD 26,203,000 in the previous year[12]. - The net loss for the year was approximately HKD 7,829,000, a 38.8% improvement compared to a net loss of HKD 12,782,000 in the prior year[12]. - The gross profit margin decreased to 30.0% from 58.9%, reflecting a 49.1% decline[12]. - Total assets decreased by 34.9% to HKD 27,151,000 from HKD 41,720,000[12]. - The company's cash and cash equivalents increased by 87.7% to HKD 11,494,000 from HKD 6,123,000[12]. - Operating expenses were approximately HKD 14,065,000, a 19.2% reduction from HKD 17,408,000 in the previous year[17]. - Revenue contributions included approximately HKD 11,620,000 (28.3%) from fintech resource services and HKD 14,010,000 (34.1%) from professional services[17]. - The revenue from the support services segment was approximately HKD 25,630,000, an increase of 170.8% from HKD 9,465,000 in the previous year[23]. - The total employee cost for the year was approximately HKD 7,029,000, a decrease from HKD 9,633,000 in the previous year[45]. Future Outlook - The company aims to expand its product lines and service offerings into new sectors and financial industries in 2025[8]. - The management expresses cautious optimism for 2025, anticipating a recovery in the Hong Kong economy and increased investment in IT infrastructure by financial institutions[8]. - The group anticipates a gradual recovery of the Hong Kong economy by 2025, maintaining an optimistic outlook for the financial market[21]. - The company expects to enhance operational efficiency and drive revenue growth as its primary goal for 2025[47]. Employee and Workforce Management - The company employed 16 staff in Hong Kong as of November 30, 2024, down from 18 in the previous year[45]. - Employee costs (excluding director remuneration) totaled approximately HKD 7,029,000, a decrease of 27.0% from HKD 9,633,000 in the previous year[19]. - The employee turnover rate for the year was 59%, an increase from 43% in 2023[131]. - The turnover rate for female employees rose significantly to 80% in 2024 from 31% in 2023[131]. - The group offers a minimum of 7 days of annual leave and additional leave types, promoting a competitive benefits package[132]. - The group emphasizes a fair recruitment process, prioritizing internal promotions before external hiring[130]. - The group has a zero-tolerance policy towards workplace harassment, ensuring a respectful work environment[133]. - The group provides flexible leave arrangements and medical insurance to support employee health and safety[136]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to sustainable development and has implemented significant measures related to environmental protection and community investment[98]. - The company has achieved a 46.72% reduction in total greenhouse gas emissions from fiscal year 2023 to fiscal year 2024, maintaining or lowering emissions density per employee[110]. - The total greenhouse gas emissions for fiscal year 2024 amounted to 18.62 tons of CO2 equivalent, down from 34.95 tons in fiscal year 2023[111]. - The company actively monitors climate change regulations and global trends to avoid cost increases and has implemented energy-saving measures[102]. - The company focuses on reducing resource usage across all operational aspects to protect the environment, particularly in energy and paper consumption[106]. - The total amount of non-hazardous waste generated in 2024 was 103.75 kg, a 70% reduction from 353.97 kg in 2023[113]. - The company is committed to integrating sustainability into its business operations and fulfilling its corporate responsibilities[99]. Corporate Governance - The board believes that corporate governance is a crucial element for the company's success and has adopted measures to maintain high standards of governance[169]. - The board consists of two executive directors and three independent non-executive directors, all of whom have confirmed their independence[174]. - The company has not established an internal audit function since its listing in 2000, but believes its current organizational structure provides sufficient risk management[172]. - The management provides quarterly financial reports to the board, detailing the company's performance and financial status[171]. - The company plans to hold three regular board meetings annually, with additional special meetings as necessary[176]. - The nomination committee adopted a board diversity policy in 2014, which was reviewed in the 2024 reporting year[178]. - The board ensures that newly appointed directors understand the group's operations and their responsibilities under applicable laws and regulations[187]. Compliance and Risk Management - The company has not discovered any serious violations of laws regarding bribery, extortion, fraud, and money laundering this year, with no corruption lawsuits filed against the company or its employees[156]. - The company has established policies to prevent bribery and corruption, ensuring that any benefits received during business operations comply with established policies and require prior written approval[153]. - The company has implemented a whistleblowing mechanism to encourage open communication and prompt reporting of any concerns by employees[158]. - The company provides ongoing training for directors on compliance with listing rules and regulatory developments to ensure adherence to relevant regulations[157].
辰罡科技(08131) - 2024 - 年度财报