Financial Performance - The company reported revenue of HKD 14,480 million for the year ended December 31, 2024, an increase of 13.9% from HKD 12,712 million in 2023[16]. - The net loss attributable to the company's owners was HKD 3,086 million for 2024, compared to a loss of HKD 1,590 million in 2023, representing a significant increase in losses[16]. - The basic loss per share was HKD 3.89, compared to HKD 2.00 in the previous year, indicating a deterioration in financial performance[5]. - The group's attributable profit for the year ending December 31, 2024, was HKD 253 million, down from HKD 276 million in 2023, reflecting a decrease of 8.4%[27]. - Revenue for the group reached HKD 14.369 billion for the year ending December 31, 2024, compared to HKD 12.507 billion in 2023, indicating a growth of 14.9%[27]. Asset and Equity Changes - Total assets decreased to HKD 12,642 million in 2024 from HKD 16,355 million in 2023, reflecting a decline in the company's asset base[5]. - The company's equity attributable to owners decreased to HKD 4,644 million from HKD 8,098 million, a decline of 42.7%[5]. Impairment and Losses - The company recognized an impairment loss of HKD 1,510 million related to its investment in Road King Infrastructure, reflecting a decrease in the recoverable amount of its investment[19]. - Road King Infrastructure reported a loss attributable to owners of HKD 4,122 million for 2024, up from HKD 3,962 million in 2023, indicating ongoing challenges in its operations[21]. Revenue Segments - Revenue from domestic environmental projects amounted to HKD 215 million, slightly down from HKD 217 million in 2023, while segment losses increased to HKD 17 million from HKD 15 million[28]. - The construction materials segment recorded revenue of HKD 609 million, up from HKD 591 million in 2023, with net profit increasing to HKD 75 million from HKD 65 million[32]. - The quarry segment reported revenue of HKD 171 million, down from HKD 197 million in 2023, but net profit improved to HKD 20 million from HKD 12 million[38]. Borrowings and Financial Management - Total borrowings decreased from HKD 1,478,000,000 in 2023 to HKD 1,132,000,000 in 2024, with current liabilities classified at HKD 1,076,000,000[44]. - Financial costs for the year were HKD 90,000,000, down from HKD 108,000,000 in 2023, with a net foreign exchange loss of HKD 20,000,000[47]. Corporate Governance and Management - The company has a strong board of independent directors with diverse expertise in finance, law, and engineering, enhancing governance and oversight[56][57][58]. - The management team is well-qualified, with advanced degrees from prestigious universities and extensive industry experience, contributing to strategic decision-making[59][60]. - The company emphasizes internal audit functions to maintain integrity and independence, reporting directly to the chairman and audit committee[67]. Shareholder Information - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with the previous year[17]. - As of December 31, 2024, the distributable reserves available to shareholders amounted to approximately HKD 1,758,272,000[80]. - The total issued share capital of Liji Holdings Limited as of December 31, 2024, is 1,241,877,992 shares[89]. Environmental and Social Responsibility - The company is committed to sustainable development, focusing on environmental protection, employee safety, and community relations as part of its operational management[177]. - The total emissions of nitrogen oxides, sulfur oxides, and suspended particles increased by 10.84% from 10,158.48 kg in 2023 to 11,259.47 kg in 2024, attributed to increased concrete production[192]. - The company aims to improve environmental performance by monitoring resource management and implementing an environmental management system compliant with ISO 14001:2015[189]. Risk Management - The company has adopted a risk assessment framework based on the Committee of Sponsoring Organizations of the Treadway Commission, which includes a nine-box matrix for evaluating significant risks[168]. - The internal audit team conducts a systematic review of the risk management and internal control systems at least annually, providing reasonable assurance of their effectiveness[169]. Employee and Workforce Information - The group employed 3,922 employees as of December 31, 2024, an increase from 3,736 employees in 2023[122]. - The total staff cost for the group was HKD 1,925,000,000 for the fiscal year ending December 31, 2024, compared to HKD 1,802,000,000 in 2023[122].
WAI KEE HOLD(00610) - 2024 - 年度财报