Financial Performance - Total revenue increased by 14.53% year-on-year to HKD 604,794,000, with profit reaching HKD 7,628,000, a growth of over 40% compared to HKD 5,392,000 in 2023[8]. - The total contract value obtained by the company in 2024 reached over HKD 640 million, representing a year-on-year growth of approximately 7%[14]. - Revenue for the year increased to HKD 604,794,000, a year-on-year growth of 14.53% from HKD 528,066,000 in 2023[26]. - Gross profit rose to HKD 118,056,000, reflecting a year-on-year increase of 10.91%[26]. - The group recorded an operating profit of HKD 3,784,000 for the year, compared to HKD 1,174,000 in 2023, reflecting a significant improvement in profitability[27]. - Net profit for the year reached HKD 7,628,000, an increase of over 40% from HKD 5,392,000 in 2023[27]. Market and Business Development - The order volume for 2024 exceeded HKD 640,000,000, marking the highest level since 2015[8]. - The mainland China market saw a significant rebound, increasing by 140% compared to 2023, accounting for about 40% of the total order volume in 2024[14]. - Macau remains the largest market, contributing approximately 50% of the total order volume in 2024, despite a decrease in contracts by nearly 50% compared to 2023 due to a lack of new guidelines from the gaming authority[15]. - The gaming industry in Macau is facing challenges due to changes in consumer spending patterns and a decrease in high-spending clientele[9]. - The company achieved a significant increase of over 25% in order volume from the Macau government and other vertical markets in 2024[17]. Dividend and Financial Management - The company plans to pay a final dividend of HKD 0.01 per share, marking the eleventh consecutive year of dividend payments[8]. - The company continues to evaluate new business opportunities, which may affect future dividend payments[86]. - As of December 31, 2024, the company's distributable reserves were HKD 110,642,000, of which HKD 6,161,000 is proposed as the final dividend[156]. Research and Development - The company has established R&D facilities in Shanghai and Jiangxi, along with 24-hour service centers in mainland China[7]. - The company continues to seek the latest technologies for future applications in the IT industry, particularly those currently unfeasible due to infrastructure limitations[7]. - The company is focusing on high-potential leaders in the data network infrastructure and IT solutions sectors to enhance its product and service offerings[18]. Corporate Governance - The company has established a corporate governance policy and defined the responsibilities of the board[67]. - The board of directors held four meetings during the year, indicating active governance and oversight[55]. - The audit committee is responsible for reviewing the company's financial information and overseeing the financial reporting system and internal controls[78]. - The company confirmed that all independent non-executive directors are considered independent according to the GEM Listing Rules[62]. Environmental and Social Responsibility - The company supports responsible disposal of solid waste and encourages donations of surplus materials to charities[99]. - The company recognizes the impact of extreme weather on logistics and has implemented policies to mitigate related risks[109]. - The company focuses on continuous monitoring of regulatory developments to ensure compliance with environmental standards[100]. - Total charitable donations made by the company during the year amounted to HKD 194,000[157]. Employee Management - Employee costs represent the largest component of the group's cost structure, with administrative expenses increasing from HKD 76,727,000 in 2023 to HKD 80,736,000 in 2024, a rise of 5.2%[27]. - The total number of employees remained stable at 149, with 114 in Macau, 12 in Hong Kong, and 23 in mainland China[31]. - Employee turnover rate for the year is 10.77%, with 13.10% for males and 2.94% for females[119]. - The company provides competitive employment benefits to attract and retain talent, including performance bonuses and housing allowances[117]. Compliance and Risk Management - The company adheres to all legal regulations and industry best practices to ensure a safe working environment[120]. - The board has reviewed the effectiveness of the risk management and internal control systems during the year[85]. - The company has implemented a whistleblower policy to encourage reporting of potential abuses or illegal activities without fear of retaliation[129]. Supply Chain Management - The company has a total of 26 major suppliers across various regions, including 6 in Macau, 15 in Hong Kong, and 1 each in mainland China, the rest of Asia, the USA, and Europe[133]. - The number of suppliers with contract amounts exceeding HKD 1,500,000 has been assessed for environmental and social risks annually[135]. - The company actively monitors and reviews its operational key procedures to ensure ethical, quality, safety, and efficiency standards throughout the supply chain[131].
爱达利网络(08033) - 2024 - 年度财报