Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 3,336,832,000, an increase from HKD 3,306,882,000 in 2023, representing a growth of approximately 0.9%[7] - The net profit attributable to shareholders for the year was HKD 91,681,000, down from HKD 113,662,000 in 2023, indicating a decrease of about 19.4%[8] - Basic earnings per share for the year were HKD 0.30, compared to HKD 0.37 in the previous year, reflecting a decline of approximately 18.9%[8] - The operating profit margin decreased, with operating profit at HKD 112,772,000, down from HKD 142,245,000 in 2023, a decline of about 20.7%[7] - The total comprehensive income for the year was HKD 44,151,000, a significant increase from HKD 3,654,000 in 2023[8] - The profit attributable to shareholders for 2024 was HKD 91,681,000, down from HKD 113,662,000 in 2023, indicating a decrease of 19.4%[25] - In 2024, the company's revenue reached HKD 3.337 billion, a slight increase from HKD 3.307 billion in 2023, with a gross profit of HKD 645.7 million and a gross margin of 19.3%[33] Revenue Breakdown - Revenue from garment manufacturing and trading was HKD 3,219,982,000, up from HKD 3,189,702,000 in the previous year, indicating a growth of about 0.9%[16] - Revenue from the Chinese market was HKD 1.935 billion, accounting for 58.0% of total revenue, while sales in the US and Europe amounted to HKD 833 million, representing 25.0% of total revenue[33] - The apparel manufacturing and trading segment generated revenue of HKD 3.220 billion in 2024, with a profit contribution of HKD 144.5 million[35] - The property investment and development segment reported revenue of HKD 116.9 million in 2024, with a profit contribution of HKD 19.0 million[37] Expenses and Costs - The cost of goods sold for 2024 was HKD 2,535,506,000, compared to HKD 2,461,803,000 in 2023, reflecting an increase of 3%[24] - Interest expenses totaled HKD 76,756,000 in 2024, down from HKD 86,545,000 in 2023, showing a reduction of 11.3%[23] - The total financial costs for 2024 were HKD 80,706,000, a decrease from HKD 86,545,000 in 2023, indicating a reduction of 6.5%[23] - The company's administrative expenses as a percentage of total revenue decreased to 8.6% in 2024 from 9.0% in 2023, while sales and distribution expenses decreased to 6.1% from 6.7%[34] Assets and Liabilities - The net asset value decreased slightly to HKD 3,091,058,000 in 2024 from HKD 3,094,277,000 in 2023, a decline of approximately 0.1%[10] - The total non-current assets amounted to HKD 4,012,922,000 in 2024, a decrease from HKD 4,053,307,000 in 2023, representing a decline of about 1%[9] - Cash and cash equivalents decreased significantly to HKD 333,643,000 from HKD 557,722,000, a drop of approximately 40.2%[9] - The company's total liabilities decreased to HKD 1,251,688,000 in 2024 from HKD 1,152,286,000 in 2023, indicating a reduction of about 8.6%[10] - The company's bank loans decreased to HKD 763,863,000 in 2024 from HKD 900,107,000 in 2023, a reduction of approximately 15.1%[9] - The non-current liabilities to shareholders' equity ratio increased to 40.2% as of December 31, 2024, compared to 36.9% as of December 31, 2023, indicating a shift in capital structure[40] Investments and Development - The company is focusing on sustainable product development and has invested in R&D to achieve significant carbon reduction in its products[4] - The establishment of the "Rui Chuang World Qianjiang Technology Industrial Park" marks a significant milestone, expected to enhance cash flow stability and foster innovation across industries[6] - The company continues to invest in AI technology to optimize production processes and enhance supply chain integration, significantly improving operational agility and cost efficiency[31] - The company is committed to sustainable manufacturing practices, integrating eco-friendly materials and energy-saving processes into its business model[31] - The company has received multiple international certifications and industry awards for its green supply chain initiatives, enhancing its strategic partnerships with leading global brands[31] - The company aims to deepen its impact on sustainable development and strengthen its global presence in emerging markets through dynamic resource allocation and flexible strategic adjustments[32] Operational Efficiency - The company is enhancing its global supply chain network and digital transformation in fashion manufacturing to improve operational efficiency and strategic value[6] - The company has established a comprehensive reporting mechanism and complaint channels to ensure operational transparency and compliance with anti-corruption policies[40] - The company continues to monitor foreign currency risks, particularly related to RMB and USD, with a focus on mitigating risks associated with currency fluctuations[41] Employee and Dividend Information - The company has approximately 5,000 employees as of December 31, 2024, maintaining a focus on employee training and competitive compensation packages[46] - The company has decided not to declare a final dividend for the year, reflecting a cautious approach amid challenging market conditions[4] - The company did not recommend a final dividend for the year ending December 31, 2024, maintaining the interim dividend at HKD 0.035 per share[27] - The company did not declare a final dividend for the year ending December 31, 2024, compared to a dividend of HKD 0.12 per share totaling HKD 36.674 million in 2023[48]
达利国际(00608) - 2024 - 年度业绩