Financial Performance - For the year ended December 31, 2024, the total revenue was HKD 1,275,339,000, a decrease of 2.7% from HKD 1,311,246,000 in 2023[3] - The gross profit for the same period was HKD 19,956,000, down 18.0% from HKD 24,367,000 in 2023[3] - The net loss attributable to the owners of the company was HKD 22,602,000, compared to a loss of HKD 24,256,000 in 2023[3] - The operating loss for the year was HKD 9,677, compared to an operating profit of HKD 14,945 in 2023[24] - The company reported a net loss of HKD 21,862 for 2024, compared to a net profit of HKD 1,044 in 2023[24] - Basic loss per share was approximately HKD 0.51 cents (2023: HKD 0.54 cents), a reduction of about 5.56%[56] Assets and Liabilities - The total assets as of December 31, 2024, amounted to HKD 324,198,000, an increase from HKD 304,734,000 in 2023[5] - The total liabilities increased to HKD 257,186,000 in 2024 from HKD 218,940,000 in 2023[6] - The company’s equity attributable to owners decreased to HKD 59,876,000 from HKD 84,755,000 in 2023[5] - The net current assets decreased from HKD 220,110 thousand to HKD 83,889 thousand after the reclassification of convertible loan notes[17] - The total assets less current liabilities adjusted from HKD 223,009 thousand to HKD 86,788 thousand following the reclassification[17] Revenue Breakdown - Revenue from energy-related products was HKD 1,198,999, down 7.1% from HKD 1,291,246 in 2023[22] - The energy digital trade industrial park generated revenue of approximately HKD 18.90 million, compared to HKD 20.00 million in 2023[47] - Major customer A generated revenue of HKD 545,874, an increase of 83.7% from HKD 296,790 in 2023[26] Cash Flow and Financial Management - Cash and cash equivalents remained stable at HKD 25,236,000, slightly up from HKD 25,230,000 in 2023[5] - The company’s trade payables decreased significantly to HKD 13,000 in 2024 from HKD 405,000 in 2023, indicating improved cash flow management[34] - The outstanding bank borrowings remained unchanged at HKD 13,387,000 for both 2024 and 2023[35][36] Corporate Governance and Compliance - The company has maintained high standards of corporate governance and has set self-regulatory practices to protect shareholder interests[71] - The independent auditor confirmed that the consolidated financial statements for the year ended December 31, 2024, are in accordance with the Hong Kong Financial Reporting Standards[80] - The audit committee reviewed the accounting principles and practices adopted by the group and found no disagreements with the company regarding the annual performance for the year ended December 31, 2024[82] Future Outlook and Plans - The company plans to continue its operations based on the assessment of sufficient working capital for at least the next 12 months[11] - The company plans to focus on expanding its energy digital trading operations and exploring new market opportunities[22] - The company anticipates facing challenges in 2025 due to rising risks of global economic stagflation and ongoing geopolitical tensions affecting oil and petrochemical prices[49] - The group plans to operate 30 digital industry parks and attract over 2,000 enterprises, having already introduced no less than 600 enterprises into the digital industry park[51] Shareholder Information - The company did not recommend any dividend payment for the year ending December 31, 2024, consistent with the previous year[30] - The board of directors does not recommend the payment of a final dividend for the year ending December 31, 2024[70] - The company expressed gratitude to business partners and shareholders for their ongoing support and commended the management team and employees for their dedication[85]
金泰能源控股(02728) - 2024 - 年度业绩