Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was RMB 131,245,000, representing an increase of 50.5% compared to RMB 87,307,000 for the fiscal year ending December 31, 2023[5] - The gross profit for the fiscal year 2024 was RMB 98,115,000, which is a 125.5% increase from RMB 43,551,000 in 2023[5] - The net profit for the fiscal year 2024 was RMB 54,560,000, compared to RMB 16,862,000 in 2023, indicating a growth of 223.5%[5] - The total comprehensive income for the fiscal year 2024 was RMB 54,818,000, up from RMB 16,030,000 in 2023, marking an increase of 242.5%[5] - The company reported other income of RMB 8,217,000 for 2024, compared to RMB 260,000 in 2023, showing significant growth[5] - Revenue for the year 2024 was reported at RMB 120,887,000, compared to RMB 83,408,000 in 2023, representing a growth of approximately 45%[21] - The company reported a total profit from external customers of RMB 131,245,000 for the year ending December 31, 2024, up from RMB 87,307,000 in 2023, indicating an increase of approximately 50%[26] - Reported segment profit before tax increased to RMB 82,591,000 in 2024 from RMB 27,005,000 in 2023, a significant increase of 205.5%[28] - The group reported a profit attributable to owners of the company of approximately RMB 54.9 million, compared to RMB 16.9 million in the previous year, mainly due to increased revenue from the financial services platform[55] Assets and Liabilities - As of December 31, 2024, the total assets of the company amounted to RMB 172,401,000, while total liabilities were RMB 49,426,000, resulting in a net asset value of RMB 172,386,000[8] - The company's accounts receivable and interest amounted to RMB 160,674,000, up from RMB 72,997,000, reflecting improved collection efficiency[8] - The total equity attributable to the owners of the company was RMB 172,386,000, compared to RMB 54,885,000 in the previous year, showing significant growth in shareholder value[8] - The company’s total current liabilities were RMB 49,426,000, a decrease from RMB 43,462,000, indicating better management of short-term obligations[8] - The company’s long-term service debt was reported at RMB 15,000, reflecting its commitment to long-term financial stability[8] - Total assets rose to RMB 221,827,000 in 2024 compared to RMB 102,367,000 in 2023, marking an increase of 116.5%[28] - Total liabilities increased slightly to RMB 49,441,000 in 2024 from RMB 47,292,000 in 2023, reflecting a growth of 4.6%[28] Expenses and Costs - Administrative expenses increased to RMB 29,304,000 in 2024 from RMB 13,792,000 in 2023, reflecting a rise of 113.5%[5] - The group’s administrative expenses amounted to approximately RMB 29.3 million, reflecting a year-on-year increase of 112%[53] - The group experienced an increase in expected credit loss impairment of approximately RMB 5.7 million, compared to RMB 3 million in the previous year, due to increased credit risk from existing customers[54] Investments and Future Plans - The company plans to continue investing in new technologies and market expansion to sustain growth momentum in the upcoming fiscal year[5] - The company is investing between HKD 1.5 million and HKD 2.0 million in research and development related to data security services, recognizing its increasing importance in the financial services industry[48] - The company is actively seeking various business opportunities to diversify its revenue sources and enhance shareholder returns[48] - The company intends to use the proceeds from the rights issue for general working capital, specifically for the development and operation of financial service platforms[62] Shareholder Information - The basic earnings per share for 2024 was RMB 28.93, slightly down from RMB 29.00 in 2023[7] - The average number of ordinary shares used for calculating basic earnings per share increased from 58,377,375 in 2023 to 189,654,483 in 2024[39] - The company does not recommend paying any final dividend for the fiscal year ending December 31, 2024[93] Corporate Governance and Compliance - The audit committee has reviewed the annual performance and the audited consolidated financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards[96] - The company emphasizes the importance of good corporate governance for effective management and sustainable business growth[97] - The company has implemented accounting standards in accordance with the Hong Kong Financial Reporting Standards and has adhered to the relevant disclosure requirements[20] Risk Management - The group faces foreign exchange risk due to bank balances in HKD, which is not the functional currency, primarily exposed to HKD to RMB fluctuations[74] - The group adopts a prudent treasury policy, continuously assessing customer financial conditions to minimize credit risk[75] - The group has implemented measures to reduce the risk of cybersecurity threats, which could adversely affect business operations and financial performance[71]
汇联金融服务(08030) - 2024 - 年度业绩