Financial Performance - The company's revenue for the fiscal year ending December 31, 2024, was approximately HKD 29,900,000, representing a 98.3% increase from HKD 15,100,000 in 2023[10]. - The gross profit for the fiscal year was approximately HKD 3,200,000, down from HKD 7,300,000 in the previous year, resulting in a gross margin of 10.8% compared to 48.3% in 2023[15]. - Other income for the year was approximately HKD 225,000, a decrease from HKD 347,000 in 2023, primarily consisting of interest income from receivables and recoveries of bad debts[15]. - The net other income and losses for the year amounted to approximately HKD 4,700,000, compared to a net loss of HKD 3,600,000 in the previous year[15]. - The group reported a consolidated loss of approximately HKD 21,900,000 for the year, a reduction from HKD 45,100,000 for the fiscal year ending December 31, 2023[18]. - As of December 31, 2024, total borrowings amounted to approximately HKD 147,000,000, with a fixed interest rate of 5% and due within one to three years[20]. - Cash and cash equivalents were approximately HKD 14,000,000 as of December 31, 2024, compared to HKD 12,000,000 a year earlier[20]. - The group reported a net loss of HKD 21,912,000 for the year ended December 31, 2024, compared to a loss of HKD 45,076,000 in 2023[135]. - The group's cash flow from operating activities was HKD 5,013,000 for the year, down from HKD 9,993,000 in the previous year[135]. - As of December 31, 2024, the group's capital deficiency was HKD 161,949,000, an increase from HKD 144,718,000 in 2023[135]. Business Strategy and Outlook - The company launched a new product in artificial intelligence development and cloud computing in Q4 2024, contributing to significant revenue growth[11]. - The company anticipates potential negative impacts on business performance and financial condition in 2025 due to external shocks and insufficient domestic demand[11]. - The company will focus on its professional business segments to leverage competitive advantages for better performance in the coming year[11]. - The company aims to continue developing and improving its robotic products, with a faster commercialization pace compared to 2023[14]. - The company expresses a cautiously optimistic outlook for the near future despite slower-than-expected economic recovery[11]. - The company plans to launch a new product in artificial intelligence development and cloud computing in Q4 2024 to capture growth opportunities in these markets[32]. - The company aims to diversify its products and expand into different regions to respond to macroeconomic fluctuations[53]. - The company plans to continue obtaining additional funding from external resources and/or fundraising opportunities[139]. Market and Industry Insights - The Chinese artificial intelligence market is expected to create over HKD 600 billion in economic value annually across various industries, with a current adoption rate of 41%[35]. - The cloud computing market in China is projected to exceed HKD 2.1 trillion by 2027, driven by advancements in AI large models[36]. - The engineering business's target customers include companies and government agencies operating in China, and any unexpected economic or political events in China could significantly impact operations[52]. - The company faces increasing competition in its market, leading to heightened pricing pressure and potential loss of market share[58]. Corporate Governance - The company appointed Mr. Su Zhenhui as Executive Director and Chairman, holding 24.93% of the total issued share capital through Tai Dong New Energy Holding Limited[38]. - Mr. Feng Zheng was appointed as Executive Director, previously serving in various roles at the Industrial and Commercial Bank of China from 2006 to 2018[39]. - The company has adopted the corporate governance code and complied with most applicable provisions, with some deviations noted[103]. - The board of directors has confirmed the independence of all independent non-executive directors as per GEM listing rules[73]. - The company has established a nomination committee to oversee the appointment and re-election of directors[114]. - The board consists of five directors, including executive and non-executive members, with specific roles outlined[108]. - The company has ensured that its corporate governance practices are rigorous and in line with the corporate governance code[113]. - The board has a balanced gender representation and diversity, which is considered essential for sustainable development[112]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable business practices that do not significantly impact the environment, with detailed policies outlined in the annual report[47]. - An Environmental, Social, and Governance (ESG) committee was established in December 2021 to manage ESG-related issues and develop relevant policies[155]. - The group has implemented an environmental management system compliant with ISO 14001:2015 standards to mitigate potential environmental impacts from its robotics business[167]. - The company aims to reduce greenhouse gas emissions by 10% by 2030 and achieve net-zero emissions by 2050[177]. - The company generated a total of 18.23 tons of greenhouse gas emissions, an increase from 12.55 tons in the previous year[178]. - The company has implemented resource efficiency measures, resulting in a reduction of water usage to 230 cubic meters from 850 cubic meters[183]. - The company is actively promoting the use of renewable energy and encouraging suppliers to reduce their greenhouse gas emissions[177]. Employee and Workforce Management - The overall employee turnover rate for the company was reported at 51% for the year, with a notable 28% turnover rate for male employees and an alarming 277% for female employees[197]. - The workforce consists of 11 full-time employees, with 91% being male and 9% female, indicating a significant gender imbalance[195]. - The company collaborates closely with universities in Shenzhen for campus recruitment to attract young talent with the necessary skills for its high-tech robotics business[194]. - The employee compensation policy is based on job responsibilities, performance, experience, and industry standards[78]. - The company adheres to local labor laws in Hong Kong and mainland China, ensuring compliance with regulations related to compensation, recruitment, and equal opportunities[194].
超人智能(08176) - 2024 - 年度财报