Financial Performance - The group's revenue for the fiscal year ending December 31, 2024, is approximately THB 109.1 million, a decrease of about 77.5% or THB 375.7 million compared to THB 484.8 million for the fiscal year ending December 31, 2023[2]. - The group recorded a net loss of THB 286.1 million, while the previous fiscal year reported a net profit of approximately THB 7.9 million, primarily due to the completion of several significant projects and the lack of major new projects[2]. - The gross profit for the fiscal year 2024 was THB 23.999 million, compared to THB 88.885 million in the fiscal year 2023, indicating a significant decline in profitability[4]. - The basic and diluted loss per share for the fiscal year 2024 was THB 44.70, compared to a profit of THB 1.56 per share in the fiscal year 2023[5]. - The company reported a total revenue of 289,540 thousand THB in 2024, compared to 349,931 thousand THB in 2023, indicating a decrease of about 17.3%[6]. - The company reported a net loss of approximately 286.1 million THB for the fiscal year 2024, compared to a net profit of about 7.9 million THB in fiscal year 2023[95]. - The company recognized an impairment of THB 223.9 million due to a review of certain trade receivables and contract cost items for the fiscal year 2024[81]. Assets and Liabilities - Total non-current assets amounted to 392,330 thousand THB in 2024, compared to 699,900 thousand THB in 2023, indicating a decrease of approximately 43.8%[6]. - Current assets totaled 844,656 thousand THB in 2024, down from 934,353 thousand THB in 2023, reflecting a decline of about 9.6%[6]. - Total liabilities for 2024 were 660,390 thousand THB, a slight decrease from 682,315 thousand THB in 2023, representing a reduction of approximately 3.2%[7]. - The company's net asset value decreased from 951,938 thousand THB in 2023 to 576,596 thousand THB in 2024, showing a significant drop of around 39.4%[6]. - The total equity attributable to shareholders decreased from 477,489 thousand THB in 2023 to 364,377 thousand THB in 2024, a decline of approximately 23.7%[7]. - The company's bank deposits as of December 31, 2024, were approximately THB 72.8 million, down from THB 83.9 million in 2023, which are pledged against bank guarantees, loans, and overdrafts[110]. Cash Flow and Financing - The company plans to raise approximately 28.8 million HKD (equivalent to about 135 million THB) through a share placement to improve its financial position[16]. - The company is actively seeking additional bank credit and refinancing existing loans to enhance liquidity[16]. - The board believes that the group will have sufficient operating funds to meet its financial obligations for the next 12 months[17]. - The company plans to issue up to 120,000,000 shares at a placement price of HKD 0.08 per share, pending approval from the stock exchange[76]. - The company completed a rights issue on September 14, 2023, issuing a total of 200,000,000 shares at a subscription price of 0.1 HKD per share, representing a discount of approximately 57.98% from the last trading price[103]. Operational Challenges - There were delays in several key projects, which are now expected to be completed in fiscal year 2025, impacting the current year's performance[2]. - The company is considering further share placements or other fundraising activities to strengthen its capital base[16]. - The company aims to strictly control overdue receivables to minimize credit risk, with management regularly reviewing overdue balances[60]. - The cash deposit machine project has faced delays and challenges, leading to significant losses for Platt Finserve in the fiscal year ending December 31, 2024[59]. Market Strategy and Future Outlook - The company plans to focus on new project developments in the upcoming fiscal year to recover from the current downturn[2]. - The company is exploring potential market expansion strategies to enhance revenue streams in the future[2]. - The company plans to expand its IT integration solutions and support services in Thailand, aiming for a market share increase in the upcoming fiscal year[8]. - The company is currently assessing the impact of the 7.7 magnitude earthquake in Myanmar on its operations, with initial evaluations indicating limited effects[119]. Governance and Compliance - The company has adopted corporate governance principles and guidelines to enhance transparency and accountability, ensuring compliance with applicable rules[120]. - The board believes that the company has adhered to all applicable corporate governance rules for the year ending December 31, 2024, despite a deviation regarding the separation of roles between the Chairman and CEO[121]. - The independent auditor has verified the consolidated financial statements for the year ending December 31, 2024, confirming their compliance with relevant accounting principles[128]. Employee and Labor Costs - The group had 56 employees as of December 31, 2024, with labor costs amounting to approximately THB 41.6 million, representing 38.2% of the group’s revenue for the year[112].
佰达国际控股(01949) - 2024 - 年度业绩