Financial Performance - The Group's core business revenue reached HK$2,373.0 million, representing a growth of 0.5% compared to last year[16] - The Group's gross profit was HK$246.0 million, with an adjusted EBITDA of HK$110.6 million for the core business[16] - The profit for the year increased by 13.7% to HK$149.3 million, up from HK$131.3 million last year, primarily due to increased interest income and improved share of results from associates[16] - Adjusted net profit rose by 9.4% to HK$87.1 million, and adjusted operating cash flow surged by 105.7% to HK$124.8 million[19] - The Group's basic earnings per share increased to HK 17.91 cents, up from HK 15.75 cents in the previous year[18] - The final dividend remained stable at HK 3.0 cents per share[18] - The Group's total revenue for 2024 was HK$2,373.0 million, representing a growth compared to last year's HK$2,360.4 million[93] - Profit for the year attributable to the Company's equity holders was HK$149.3 million, an increase of 13.7% over last year's HK$131.3 million[98] - The Group's adjusted EBITDA for the year was HK$407.4 million, representing an 18.6% margin[39] - For the year ended December 31, 2024, total revenue was HK$2,373.0 million, with a gross profit of HK$246.0 million, showing a stable performance compared to the previous year[117] Business Growth and Expansion - Orders for Unified Technology Services grew by 6.0% to HK$1,319.0 million, while System Integration and Other Businesses saw a 2.5% increase to HK$1,221.3 million[19] - The Group established an Offshore Development Center in Zhuhai in the second half of 2024 to enhance service capabilities[24] - The Group plans to expand into Southeast Asia, establishing offices in Malaysia and Australia in February 2025[49] - The Group focused on expanding its business into the Greater Bay Area and the Asia-Pacific market[97] - The Group is focusing on expanding its business opportunities in the Asia Pacific region and enhancing its technical capabilities in response to the rise of artificial intelligence technologies[112] - The Group plans to monitor geopolitical tensions and trade conflicts that may impact the global business environment and adjust strategies accordingly[144] - The Group is enhancing its capabilities in banking, finance, and insurance sectors to meet market demands, focusing on pre-sales, development, and after-sales services[151] - The Group's performance bonds issued to customers as security for contracts were approximately HK$113.2 million as of December 31, 2024, down from HK$126.8 million in 2023[156] Strategic Initiatives - The Group's strategic focus includes enhancing customer experience through innovative applications and simplifying IT operations to increase efficiency[21][24] - The Group signed a memorandum of understanding with Tencent to collaborate on cybersecurity solutions[45] - The Group established its fourth Offshore Development Center in the Greater Bay Area to enhance software development capabilities for Hong Kong, Macau, and overseas projects[106] - The establishment of a "Joint Development Technology Testing Center" with Kylinsoft aims to enhance technological capabilities and explore business opportunities in AI[136] - The Group's SOC in Guangzhou received the third-level certification for information system security from the Ministry of Public Security of the People's Republic of China[133] Market and Sector Performance - Revenue growth was particularly strong in the retail sector, along with an increase in revenue from the financial sector compared to the previous year[44] - The Group secured numerous orders from the government and healthcare sectors, including a contract worth over HK$100 million for a large-scale human resources management system[25] - The Security Operation Center (SOC) business has grown significantly, benefiting from government legislation for the security of critical infrastructure, with the Guangzhou SOC obtaining Level 3 certification[25] - The Intelligent Cybersecurity Services business generated service revenue of HK$213.5 million, reflecting stable demand for threat detection and security services[130] - The Integrated Managed Services Business achieved service revenue of HK$477.2 million, supported by market demand for IT Service Management (ITSM) projects and managed services[134] Social Responsibility and Community Engagement - The group is committed to sustainability, focusing on creating long-term value for shareholders, customers, employees, and the wider community[75] - The expanding Graduate Trainee program provided mentorship, skills training, and educational opportunities to empower youth, demonstrating the company's commitment to social contribution[77] - The company sponsored the CoolThink@JC Competition for the fifth consecutive year, supporting educational programs to develop computational thinking skills among students[77] Financial Position and Assets - The Group's bank balances and cash and time deposits totaled approximately HK$714.4 million, indicating a healthy financial position[98] - Total assets as of December 31, 2024, were HK$3,276.4 million, up from HK$3,110.9 million in 2023[94] - Total liabilities increased to HK$999.5 million in 2024 from HK$933.6 million in 2023[94] - Equity attributable to equity holders of the Company rose to HK$2,276.9 million in 2024, compared to HK$2,177.3 million in 2023[94] - The Group's gearing ratio was 0.0% as of December 31, 2024, down from 0.5% in 2023, indicating no reliance on bank borrowings[156] Events and Recognition - In 2024, the company hosted a series of events focused on five key sectors: Government, Healthcare, BFSI, Education, and Aviation, showcasing the latest technological trends[195] - Highlights of the events included digital government solutions, advanced healthcare systems, innovative Fintech platforms, comprehensive e-learning tools, and aviation optimization technologies, aimed at helping clients succeed in the digital age[196] - The commitment to providing value and driving innovation has been recognized by stakeholders, reinforcing the company's position as a trusted partner in the tech sector in Mainland China and Southeast Asia[193]
自动系统(00771) - 2024 - 年度财报