Financial Performance - The group recorded revenue of approximately HKD 36,101,000 for the shipping and logistics business, a decrease of about 27% compared to HKD 49,646,000 in the previous year[8]. - Gross profit for the shipping and logistics segment was approximately HKD 6,545,000, down about 72% from HKD 23,691,000 in the previous year[8]. - The telecommunications segment generated revenue of approximately HKD 5,801,000, a decrease of about 87% from HKD 44,982,000 in the previous year[9]. - The group reported a loss of approximately HKD 30,713,000 for the year, compared to a profit of HKD 11,132,000 in the previous year, representing an increase in loss of about 376%[19]. - Revenue from continuing operations was approximately HKD 48,142,000, down about 49% from HKD 94,628,000 in the previous year[19]. - The total revenue for the company was approximately 79,172,000 HKD in 2024, compared to 143,654,000 HKD in 2023[189]. Assets and Liabilities - As of December 31, 2024, the company held financial assets at fair value through profit or loss amounting to HKD 35,418,000, with a collateralized margin financing of HKD 1,932,000[26]. - The company reported cash and bank balances of approximately HKD 62,772,000 as of December 31, 2024, compared to HKD 14,517,000 in 2023[28]. - The company's total equity attributable to owners was approximately HKD 162,229,000 as of December 31, 2024, down from HKD 191,879,000 in 2023[28]. - As of December 31, 2024, the group had no bank loans or other borrowings[51]. - The company had no capital commitments as of December 31, 2024, consistent with the previous year[24]. Employee and Operational Metrics - The company had a total of 19 full-time employees as of December 31, 2024, down from 40 in 2023[31]. - Employee costs for the year ended December 31, 2024, were approximately HKD 21,100,000, compared to HKD 29,800,000 in 2023[31]. - The group’s dry bulk fleet has a total capacity of approximately 32,000 deadweight tons, consistent with the previous year[6]. Corporate Governance - The board consists of three executive directors, one non-executive director, and three independent non-executive directors[92]. - The company has established systems and procedures to ensure compliance with relevant laws and regulations affecting its operations[44]. - The company has adopted measures to ensure effective execution of contractual arrangements and compliance with them[80]. - The company has established a risk management and internal control system that complies with the Corporate Governance Code[136]. - The company has engaged an external auditor, Fu Rui Ma Ze, to audit its consolidated financial statements for the fiscal year ending December 31, 2024[86]. Sustainability and Environmental Impact - The company is committed to sustainable development and has adjusted its business strategy to focus on shipping and logistics operations, covering key performance indicators from its Hong Kong office and two owned vessels[167]. - The company aims to enhance its sustainability disclosures to align more closely with international sustainability standards in the coming years[165]. - The company prioritizes reducing and controlling gas and waste emissions, implementing policies and indicators to encourage waste reduction, recycling, and sustainable development[176]. - The total greenhouse gas emissions decreased by approximately 12% compared to the previous year, with total emissions amounting to 17,310.76 tons in 2024, down from 19,755.67 tons in 2023[187]. - The company has not violated any environmental protection laws, rules, or regulations during the reporting period[178]. Shareholder Relations - There were no interim dividends paid to shareholders for the year ending December 31, 2024, and the board does not recommend a final dividend for the same period[45]. - The company has maintained a public shareholding percentage exceeding 25% throughout the fiscal year[82]. - The board plans to recommend a dividend distribution of no less than 15% of the annual profit attributable to shareholders in the foreseeable future[160]. Risk Management - The company faces several risks related to the contractual arrangements, including potential non-compliance with Chinese laws and the possibility of losing rights to assets held by related parties[79]. - The company has not insured against the risks associated with the contractual arrangements and their proposed transactions[79]. - The interpretation and implementation of the newly enacted Foreign Investment Law may create uncertainties affecting the company's corporate structure and business operations[79].
亚洲能源物流(00351) - 2024 - 年度财报