Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 150,023,000, an increase of 4.0% compared to HKD 143,405,000 in the previous year[5]. - The gross profit for the same period was HKD 9,780,000, representing a gross margin of approximately 6.5%, up from HKD 7,860,000 in the prior year[5]. - The company recorded a net loss of HKD 3,140,000 for the year, significantly improved from a loss of HKD 30,321,000 in the previous year[5]. - The group reported a loss of HKD 3,140,000 for the year ending December 31, 2024, compared to a loss of HKD 30,321,000 in 2023[12]. - Loss before tax decreased from HKD 30,321,000 in 2023 to HKD 3,140,000 in 2024, indicating an improvement in financial performance[42]. - Basic loss per share improved from HKD (2.89) in 2023 to HKD (0.30) in 2024, reflecting a reduction in overall losses[42]. - The company reported a net loss of approximately HKD 3.1 million for the year ending December 31, 2024, down from a loss of about HKD 30.3 million for the previous year, driven by increased revenue and reduced administrative expenses[78]. Revenue Breakdown - The group's total revenue for the year 2024 was HKD 150,023,000, an increase of 4.1% compared to HKD 143,405,000 in 2023[31]. - Revenue from RMAA engineering projects was HKD 137,582,000, showing a growth of 2.0% from HKD 134,507,000 in the previous year[31]. - Revenue from new construction projects decreased significantly to HKD 1,125,000 from HKD 2,789,000, a decline of 59.7%[31]. - Revenue from anti-corrosion protection projects increased to HKD 11,316,000, up 85.5% from HKD 6,109,000 in the previous year[31]. - The expected revenue from performance obligations not yet fulfilled as of the reporting date is HKD 125,763,000, down from HKD 171,445,000 in the previous year, representing a decrease of 26.7%[32]. - Revenue recognized from performance obligations completed in the year amounted to HKD 515,000,000, significantly up from HKD 166,000,000 in 2023[48]. Assets and Liabilities - Total assets increased to HKD 130,239,000, compared to HKD 125,375,000 in the previous year, reflecting a growth of 3.0%[6]. - The company's current assets net value rose to HKD 42,650,000, up from HKD 34,392,000, indicating a 24.5% increase[7]. - The group has current liabilities totaling HKD 50,807,000, which includes trade payables and other payables, compared to HKD 51,351,000 in 2023[12]. - Trade payables increased from HKD 41,228,000 in 2023 to HKD 47,321,000 in 2024, representing a growth of 14.8%[51]. - The total amount of trade and other payables was HKD 64,221,000 in 2024, compared to HKD 59,320,000 in 2023, an increase of 8.5%[51]. Financial Position and Equity - The total equity of the company reached HKD 49,398,000, an increase of 19.0% from HKD 41,471,000 in the previous year[7]. - The capital debt ratio improved from about 19.1% to approximately 9.9% due to debt repayment, indicating a stronger financial position[79]. - The company’s bank and other borrowings decreased from HKD 7,922,000 in 2023 to HKD 4,922,000 in 2024, a reduction of 37.9%[54]. - The company has no contingent liabilities as of December 31, 2024[86]. Cost Management - The company’s administrative expenses decreased significantly to HKD 13,869,000 from HKD 33,138,000, a reduction of approximately 58.2%[5]. - Sales costs rose from approximately HKD 135.5 million to approximately HKD 140.2 million, an increase of about 3.5% due to higher subcontracting costs associated with increased revenue[70]. - Financing costs decreased significantly from HKD 2,121,000 in 2023 to HKD 366,000 in 2024, primarily due to reduced interest expenses on bank and other borrowings[37]. Shareholder Information - The company issued 210,000,000 shares at a placement price of HKD 0.055 per share, raising approximately HKD 11,067,000 after expenses[56]. - The company did not declare any dividends for the year ending December 31, 2024, consistent with the previous year[43]. - The board does not recommend any final dividend for the year ending December 31, 2024[98]. Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[5]. - The company is exploring new business opportunities in China to diversify its business portfolio and create new growth opportunities outside of Hong Kong[68]. - The group is implementing operational plans to improve profitability and generate sufficient operating cash flow[13]. Compliance and Governance - The audit committee has been established and consists of three independent non-executive directors, ensuring compliance with GEM listing rules[100]. - The audit committee reviewed the annual performance for the year ending December 31, 2024, prior to submission to the board[101]. - The group's auditor confirmed that the financial figures for the year ending December 31, 2024, are consistent with the consolidated financial statements[101].
圣唐控股(08305) - 2024 - 年度业绩