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永旺(00984) - 2024 - 年度业绩
AEON STORESAEON STORES(HK:00984)2025-04-01 08:44

Financial Performance - AEON Stores (Hong Kong) reported total revenue of HKD 8,095,338,000 for the year ended December 31, 2024, a decrease of 6.85% compared to HKD 8,692,870,000 in 2023[2]. - The company recorded a net loss of HKD 340,721,000 for the year, compared to a net loss of HKD 187,802,000 in the previous year, representing an increase in loss of 81.2%[2][3]. - The total comprehensive loss attributable to owners of the company was HKD 331,847,000 for the year, compared to HKD 187,076,000 in 2023[3]. - The group incurred a total loss of HKD 354,013,000 for the year ending December 31, 2024, compared to a loss of HKD 211,417,000 in the previous year, reflecting an increase in losses[15]. - The group reported a loss of HKD 338.07 million for the year, compared to a loss of HKD 188.66 million in 2023, resulting in a basic loss per share based on 260 million shares issued[21]. - The adjusted EBITDA for the group was a loss of HKD 246.7 million, increasing from a loss of HKD 157.8 million in 2023[40]. - The group's adjusted EBITDA for 2024 was HKD (246,652) thousand, compared to HKD (157,811) thousand in 2023, indicating a decline in operational performance[43]. Revenue Breakdown - Direct sales in Hong Kong amounted to HKD 3,745,995,000, while sales in Mainland China were HKD 4,349,343,000, indicating a shift in revenue distribution[15]. - The company's Hong Kong business recorded a revenue decline of 9.5%, totaling HKD 3,746.0 million in 2024, compared to HKD 4,140.9 million in 2023[31]. - The group's revenue for the year in mainland China was HKD 4,349.3 million, a decrease of 4.5% compared to HKD 4,552.0 million in 2023[33]. - Total revenue for the group decreased by 6.9% to HKD 8,095.3 million in 2024, down from HKD 8,692.9 million in 2023[39]. Assets and Liabilities - The total current liabilities net amount was HKD 1,199,273,000 as of December 31, 2024[6]. - The company’s total assets less current liabilities amounted to HKD 2,529,350,000 as of December 31, 2024[4]. - The group’s current liabilities exceeded current assets by HKD 1,199.3 million as of December 31, 2024, compared to HKD 683.7 million in 2023[41]. - The group has a negative debt-to-equity ratio of -53.32% as of December 31, 2024, due to a loan of HKD 229.7 million from the ultimate holding company AEON Co., Ltd.[41]. Cash Flow and Expenses - Operating cash flow and lease liabilities showed a net outflow of HKD 447,630,000 for the year ended December 31, 2024[6]. - The group confirmed cash flow forecasts indicating the ability to meet financial obligations for the next twelve months, supported by continued backing from its parent company, AEON Co., Ltd.[7]. - The total advertising, promotion, and selling expenses for 2024 were HKD 290.07 million, a slight decrease from HKD 295.98 million in 2023[6]. - The company's total other expenses for 2024 amounted to HKD 1,037.20 million, down from HKD 1,062.91 million in 2023[6]. - The net foreign exchange loss for the year was HKD 5.92 million, compared to a gain of HKD 6.12 million in 2023[7]. Inventory and Assets Management - The company’s inventory as of December 31, 2024, was HKD 845,714,000, slightly up from HKD 837,475,000 in 2023[4]. - Non-current assets, including property, plant, and equipment, increased to HKD 3,609,049,000 from HKD 3,213,060,000 in 2023, reflecting a growth of 12.3%[4]. - The group has pledged HKD 36.8 million of its deposits as collateral for rental deposits and HKD 7.0 million for regulatory purposes[41]. Strategic Initiatives - AEON Stores (Hong Kong) plans to continue focusing on operational efficiency and cost management strategies to mitigate losses in the upcoming fiscal year[6]. - The group successfully launched new products under its brands, such as TOPVALU and HÓME CÓORDY, contributing to increased brand awareness and sales growth[28]. - The group aims to enhance its digital transformation and improve customer experience through the introduction of smart loss prevention systems and smart shopping carts in stores[36]. - The group will continue to optimize its tenant structure and improve service quality to increase rental income, achieving a win-win development[37]. - The group plans to open 8 new stores in the Greater Bay Area in 2025, including locations in Guangzhou, Foshan, Shenzhen, and Jiangmen[37]. - Capital expenditure for the 2025 investment plan is estimated at approximately HKD 256 million for new store openings and renovations[38]. Dividend Policy - The group did not declare any final dividend for the year ending December 31, 2024, maintaining a zero dividend policy as in 2023[20]. - The group will not recommend any final dividend for the year ending December 31, 2024, compared to zero dividend in 2023[40]. Employment and Workforce - The group employed approximately 4,900 full-time and 3,900 part-time staff in Hong Kong and mainland China as of December 31, 2024[44]. Compliance and Review - The audit committee reviewed the annual performance for the year ended December 31, 2024, in conjunction with management[48].