Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 188,737,000, a decrease of 35.7% compared to HKD 293,151,000 in the fiscal year 2023[3] - The gross profit for the fiscal year 2024 was HKD 36,035,000, down 40.9% from HKD 60,823,000 in 2023[3] - The company incurred a loss before tax of HKD 28,340,000 for the fiscal year 2024, compared to a profit of HKD 6,690,000 in the previous year[3] - The net loss attributable to owners of the company from continuing operations was HKD 3,514,000, a significant improvement from a loss of HKD 32,652,000 in 2023[4] - The total comprehensive loss for the fiscal year 2024 amounted to HKD 38,702,000, compared to HKD 3,905,000 in 2023[3] - The company reported a basic and diluted loss per share of HKD 0.50 for the fiscal year 2024, compared to HKD 2.17 in 2023[4] - The company reported a pre-tax loss of HKD 28,340,000 for the year, with a net loss of HKD 30,637,000 after tax expenses[24] - The group recorded an annual loss of HKD 30.6 million for the fiscal year 2024, compared to a loss of HKD 0.9 million for the fiscal year 2023[59] Revenue Breakdown - Revenue from design, renovation, and decoration services decreased from HKD 83,246,000 to HKD 65,995,000, a decline of approximately 20.1%[14] - Revenue from the sale of alcoholic products decreased from HKD 209,905,000 to HKD 122,742,000, a decline of approximately 41.6%[14] - The construction and fitting services segment generated revenue of HKD 65.995 million, accounting for 35.0% of total revenue, down from HKD 83.246 million (28.4%) in 2023[51] - The consumer products segment generated revenue of HKD 122.742 million, representing 65.0% of total revenue, down from HKD 209.905 million (71.6%) in 2023[51] Expenses and Costs - The company's administrative expenses decreased to HKD 13,061,000 in 2024 from HKD 19,021,000 in 2023, reflecting a cost reduction strategy[3] - The financing costs increased to HKD 15,513,000 in 2024 from HKD 6,398,000 in 2023, indicating higher borrowing costs[3] - Other borrowing interest increased to HKD 15,492,000 in 2024 from HKD 6,330,000 in 2023, indicating rising financing costs[35] - Sales and distribution expenses for the consumer products business decreased from HKD 26.9 million in the fiscal year 2023 to HKD 23.0 million in the fiscal year 2024, a reduction of HKD 3.9 million[56] Assets and Liabilities - Total assets decreased from HKD 445,081 thousand in 2023 to HKD 455,907 thousand in 2024, reflecting a decline of approximately 2.3%[5] - The company's equity attributable to owners decreased from HKD 354,421 thousand in 2023 to HKD 340,872 thousand in 2024, a reduction of about 3.8%[6] - Current liabilities rose significantly, with trade payables increasing from HKD 2,488 thousand in 2023 to HKD 26,648 thousand in 2024, a substantial increase of around 973%[5] - The total equity decreased from HKD 363,471 thousand in 2023 to HKD 351,604 thousand in 2024, a decline of about 3.3%[6] - Trade receivables increased from HKD 103,174 thousand in 2023 to HKD 111,230 thousand in 2024, representing an increase of approximately 7.5%[5] Cash Flow and Financial Position - The company's cash and bank balances improved from HKD 40,434 thousand in 2023 to HKD 62,153 thousand in 2024, an increase of approximately 53.6%[5] - The current ratio as of December 31, 2024, was approximately 3.8 times, compared to approximately 3.9 times as of December 31, 2023[62] - The debt-to-equity ratio as of December 31, 2024, was approximately 21.3%, compared to 20.3% as of December 31, 2023[63] Future Outlook and Plans - The company is currently evaluating the impact of new Hong Kong Financial Reporting Standards on its consolidated financial statements, which may affect future disclosures[12] - The company plans to continue expanding its market presence in Hong Kong, China, and Macau, focusing on customer-based geographical segments[32] - Capital expenditure for the year ending December 31, 2024, is projected at HKD 3,820,000, primarily in consumer product business[31] Shareholder Information - The company has no plans to declare or recommend dividends for the fiscal year ending December 31, 2024, consistent with 2023[41] - The board does not recommend the payment of any final dividend for the year ending December 31, 2024[70] - The company has maintained a public float of at least 25% of its issued shares as required by listing rules[77] Corporate Governance - The audit committee consists of three independent non-executive directors and has reviewed the financial statements for the fiscal year 2024[78] - The annual report for the fiscal year 2024 will be sent to shareholders by April 30, 2025, or earlier[79]
旷逸国际(01683) - 2024 - 年度业绩