Financial Performance - The total revenue for the year ended December 31, 2024, was approximately HKD 254,000, a decrease of 81.8% compared to HKD 1,399,000 for the previous year[3] - The total proceeds from the sale of trading securities amounted to approximately HKD 49,114,000, down 20.8% from HKD 62,032,000 in the previous year[3] - The loss attributable to the owners of the company for the year ended December 31, 2024, was approximately HKD 76,810,000, compared to a profit of HKD 53,505,000 in the previous year[3] - The basic loss per share for the year was HKD 1.08, a decline from earnings of HKD 0.96 per share in the previous year[3] - The company reported a net loss of HKD 72,218,000 from other income/expenses for the year, compared to a net gain of HKD 58,456,000 in the previous year[4] - The company's revenue for the year ended December 31, 2024, was HKD 254,000, a decrease of 81.6% compared to HKD 1,399,000 in 2023[13] - The group recognized a loss attributable to owners of approximately HKD 76,810,000 for the reporting period, compared to a profit of HKD 53,505,000 in the previous year[34] Asset and Equity Changes - The net asset value per share increased to HKD 1.53 from HKD 0.31 in the previous year[5] - The company's total assets less current liabilities were HKD 130,064,000, down from HKD 196,246,000 in the previous year[5] - The net asset value of the group as of December 31, 2024, was approximately HKD 130,064,000, representing a decrease of 30.2% from HKD 186,246,000 in the previous year[35] - The group's shareholders' equity decreased to approximately HKD 130,064,000 as of December 31, 2024, down by about 30.2% from HKD 186,246,000 as of December 31, 2023[36] Investment Performance - The net unrealized loss on financial assets classified at fair value through profit or loss was HKD (78,891,000) in 2024, compared to a gain of HKD 54,869,000 in 2023[14] - The total fair value of financial assets classified at fair value through profit or loss was HKD 115,713,000 in 2024, down from HKD 172,306,000 in 2023[20] - The fair value of listed equity securities in Hong Kong increased to HKD 27,070,000 in 2024 from HKD 12,197,000 in 2023[20] - The fair value of listed equity securities in the United States decreased to HKD 69,067,000 in 2024 from HKD 140,004,000 in 2023[20] - The group's non-listed investments amounted to approximately HKD 48,441,000 as of December 31, 2024, compared to HKD 42,346,000 in the previous year[35] Dividend and Shareholder Returns - The company did not recommend the payment of a final dividend for the year ended December 31, 2024, compared to no dividend in the previous year[3] - The group did not recommend any dividend payment for the years ended December 31, 2024, and 2023[19] - The group recognized dividend income of approximately HKD 254,000 for the year ended December 31, 2024, down from HKD 697,000 in 2023[22] Corporate Governance and Compliance - GSG Group Inc. maintains a high level of corporate governance and has adopted all provisions of the Corporate Governance Code[68] - The board is responsible for ensuring effective risk management and internal control systems, with external consultants reviewing these systems[71] - The audit committee consists of three independent non-executive directors, ensuring the review of financial statements and internal controls to protect shareholder interests[80] - The external auditor has verified that the financial figures in the consolidated financial statements for the year ending December 31, 2024, are consistent with the amounts drafted by the group[81] - The company has adopted the "Standard Code of Conduct for Securities Transactions by Directors" as per the listing rules, confirming compliance by all directors for the fiscal year ending December 31, 2024[78] Future Plans and Developments - LNPR Group Inc. is seeking to list on NASDAQ and has submitted an application to U.S. authorities[27] - There are no major future investment or capital asset acquisition plans disclosed beyond what has been announced[66] - The company will suspend share transfer registration from June 24, 2025, to June 27, 2025, to determine voting rights for the upcoming annual general meeting[79] Employee and Operational Information - As of December 31, 2024, the company had 5 employees, an increase from 2 employees in 2023, with compensation policies aligned with market standards[60] - The company has not declared any dividends for the years ending December 31, 2024, and December 31, 2023[75] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ending December 31, 2024[65] - The company has no significant contingent liabilities or capital commitments as of December 31, 2024[63][67] Share Capital and Financing Activities - The group completed a share placement on July 14, 2023, raising a net amount of approximately HKD 17,102,000[29] - A share consolidation was approved by shareholders on June 27, 2024, resulting in a capital reduction and restructuring of the company's share capital[30][31] - The net proceeds from the placement of new shares on May 13, 2024, amounted to approximately HKD 10.2 million, with intended uses including HKD 6.7 million for investments in listed and/or unlisted securities and HKD 2.0 million for repaying short-term loans[39][41] - The net proceeds from the placement of new shares on August 23, 2024, were approximately HKD 4.2 million, with HKD 3.7 million allocated for investments in listed and unlisted securities[42][45]
中国天弓控股(00428) - 2024 - 年度业绩