Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 29,904,000, representing a 98.5% increase from HKD 15,081,000 in the previous year[4] - Gross profit decreased to HKD 3,226,000 from HKD 7,281,000, indicating a decline of 55.7%[4] - Operating profit improved to HKD 781,000 compared to an operating loss of HKD 7,880,000 in the previous year[4] - The net loss for the year was HKD 21,912,000, a significant reduction from HKD 45,076,000 in the prior year, reflecting a 51.2% improvement[4] - Basic and diluted loss per share decreased to HKD 1.68 from HKD 4.87, showing a 65.5% reduction in loss per share[5] - The company reported a total comprehensive loss of HKD 17,231,000, down from HKD 39,836,000, indicating a 56.7% improvement[4] - The group reported a net loss of approximately HKD 21,912,000 for the year ending December 31, 2024, compared to a loss of HKD 45,076,000 in 2023[16] - The company recorded a consolidated loss of approximately HKD 21,900,000 in 2024, an improvement from a loss of HKD 45,100,000 in 2023[45] Assets and Liabilities - Total assets decreased to HKD 26,332,000 from HKD 27,554,000, a decline of 4.4%[6] - Total liabilities increased to HKD 188,281,000 from HKD 172,272,000, an increase of 9.3%[7] - The company's capital deficit increased to HKD 161,949,000 from HKD 144,718,000, reflecting a worsening of 11.9%[7] - As of December 31, 2024, the group's capital deficit was approximately HKD 161,949,000, an increase from HKD 144,718,000 in 2023[16] - The company reported a basic and diluted loss per share of HKD 10,179,000 in 2024, a significant improvement from a loss of HKD 27,756,000 in 2023, with the weighted average number of shares increasing from 569,740,000 to 607,464,000[35] Cash Flow and Financing - Cash and cash equivalents rose to HKD 14,038,000 from HKD 12,003,000, an increase of 16.9%[6] - The group has cash and cash equivalents of approximately HKD 14,038,000 as of December 31, 2024, compared to HKD 12,003,000 in 2023[16] - The group entered into a new financing agreement on January 16, 2023, securing approximately RMB 18,266,000 (equivalent to HKD 19,428,000) for future use[17] - The company reported a total financing cost of HKD 22,693 thousand in 2024, down from HKD 37,196 thousand in 2023, reflecting a decrease of 39%[31] - The company plans to continue seeking additional funding from external resources and/or fundraising opportunities[69] Revenue Sources - Revenue from engineering products and related services was HKD 29,301 thousand in 2024, compared to HKD 15,081 thousand in 2023, indicating a growth of 94.5%[27] - The company generated HKD 26,690 thousand in revenue from Hong Kong in 2024, with no revenue reported from this region in 2023[25] - The engineering business revenue surged by 98.3% year-on-year, reaching approximately HKD 29,900,000 in 2024, compared to HKD 15,100,000 in 2023[41][42] - The company identified three major customers contributing over 10% of total revenue in 2024, with Customer A contributing HKD 18,120 thousand and Customer B contributing HKD 7,967 thousand[26] Operational Performance - The group is actively taking measures to improve operational performance and cash inflow in its robotics business in Hong Kong and China[18] - The management is actively working to improve the operating performance and cash flow of the robotics business in Hong Kong and China[69] - Administrative expenses decreased from HKD 13,100,000 in 2023 to HKD 6,700,000 in 2024, primarily due to reduced employee-related costs[44] Future Outlook and Strategy - The group is assessing the impact of new accounting standards on its financial statements, particularly HKFRS 18, which will affect future disclosures[12] - A new product focusing on artificial intelligence development and cloud computing was officially launched in Q4 2024, aiming to capture growth opportunities in these markets[58] - The Chinese AI market is expected to create over RMB 600 billion in economic value annually across various industries, with a current adoption rate of 41%[60] - The cloud computing market in China is projected to exceed RMB 2.1 trillion by 2027, driven by large AI models[61] - The company plans to increase R&D investment and enhance market expansion in the future[62] Dividends and Share Capital - The company did not declare any final dividends for the year ending December 31, 2024, consistent with the previous year[34] - The board does not recommend a final dividend for the year ended December 31, 2024[63] - As of December 31, 2024, the total issued share capital of the company is approximately HKD 60,746,000, divided into 607,463,599 shares[49] - A total of 45,537,129 new shares were issued at HKD 0.174 each to settle outstanding unsecured loans and interest, amounting to approximately HKD 7,923,000 on March 20, 2025[69] Other Financial Information - The company reported a total of HKD 225 thousand in other income for 2024, a decrease from HKD 347 thousand in 2023[29] - Trade receivables decreased from HKD 8,525,000 in 2023 to HKD 6,032,000 in 2024, with the 0 to 30 days category showing a decline from HKD 8,367,000 to HKD 5,971,000[36] - Trade payables increased significantly from HKD 1,230,000 in 2023 to HKD 5,524,000 in 2024, with the 0 to 30 days category rising from HKD 949,000 to HKD 5,378,000[37] - The company has no foreign currency derivatives to hedge its foreign exchange risks but monitors these risks closely[52] - The company did not make any significant investments or acquisitions during the year[54][55]
超人智能(08176) - 2024 - 年度业绩