Financial Performance - The company recorded a loss attributable to equity holders of approximately HKD 12,010,000 for the year ended December 31, 2024, compared to a loss of HKD 28,330,000 in 2023, with a loss per share of HKD 0.0044[9] - Fair value losses on financial assets recognized in profit or loss amounted to approximately HKD 6,170,000, while unrealized fair value losses on listed securities were about HKD 4,400,000, down from HKD 16,700,000 in 2023[9] - The company sold a group of subsidiaries for a consideration of HKD 200,000, resulting in a loss on sale of HKD 472,674[10] - The company's revenue for the year ended December 31, 2024, was HKD 2,196,240, an increase from HKD 2,191,881 in 2023[83] - The pre-tax loss for the year was HKD (12,273,262), an improvement from HKD (28,381,550) in the previous year[83] - Total assets decreased to HKD 63,016,135 in 2024 from HKD 75,058,197 in 2023, representing a decline of approximately 16.5%[83] - The net asset value as of December 31, 2024, was HKD 62,176,632, down from HKD 74,191,021 in 2023, indicating a decrease of about 16.2%[83] - The company reported a total reserve of approximately HKD 47,178,000 as of December 31, 2024, down from HKD 58,269,000 in 2023[84] Investment Strategy - The company plans to explore new potential investment areas while managing risks through business diversification and due diligence[15] - The company aims to continue discovering undervalued investment opportunities across different industries and regions to enhance shareholder returns[15] - The company will maintain a balance between investing in listed and unlisted securities to improve shareholder returns while adapting its short-term strategies to market conditions[12] - The company has adopted an investment policy focused on capital appreciation through investments in listed and unlisted companies in Hong Kong and China[86] - The company will not own or control more than 30% of the voting rights of any company, nor make investments exceeding 20% of its net asset value[88] Economic Outlook - The outlook for Hong Kong's economy is expected to achieve moderate growth in 2025, influenced by the recovery of the global economy and closer economic ties with mainland China[13] - External risks such as geopolitical tensions and inflation pressures may impact consumer confidence and corporate investment willingness[13] Corporate Governance - The company has appointed independent non-executive directors with extensive experience in auditing and financial management, enhancing governance[58][61] - The company has a strong focus on compliance and governance, with members serving on audit, remuneration, and nomination committees[59][62] - The company is committed to maintaining high standards of corporate governance, as evidenced by the qualifications of its board members[60][62] - The board confirmed compliance with the regulatory requirements set by the Hong Kong Stock Exchange and other relevant laws[70] - The company has confirmed the independence of all independent directors as of the report date, in compliance with the listing rules[90] Shareholder Information - The company has a significant shareholder, Beibo Global Asset Management Limited, holding 504,410,000 shares, representing approximately 18.44% of the total issued shares[99] - Another major shareholder, Vibrant Noble Limited, owns 379,900,000 shares, accounting for about 13.89% of the total issued shares[99] - The company’s independent director, Ms. Chan Pei-Kwan, holds 254,500,000 shares through Fame Image Limited, which is equivalent to approximately 9.30% of the total issued shares[99] Employee Management - The total employee costs for the reporting period were approximately HKD 2,110,000, down from approximately HKD 2,410,000 in the previous year[39] - The company emphasizes internal promotions over external hiring to foster employee growth[171] - The company provides competitive benefits, including medical insurance, to ensure employee health and safety[166] - The employee turnover rate for the reporting year was 20%, with a 25% turnover rate for male employees and 100% for employees over 50 years old[175] - The company has established clear complaint procedures for employees to report concerns confidentially[178] Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the performance and initiatives of the company for the year ending December 31, 2024[123] - The company aims to integrate ESG considerations into its business strategy progressively[132] - The company has identified significant sustainability issues based on their importance to stakeholders and the company's development, guiding their environmental, social, and governance (ESG) strategies and reporting priorities[142] - The company recognizes the increasing demand for environmental, social, and governance (ESG) investments and aims to minimize negative impacts from its operations and investment portfolio[150] - The company conducts an annual review of its ESG commitments and performance, providing recommendations to the board's compliance committee[131] Sustainability and Environmental Impact - Total greenhouse gas emissions decreased from 5.25 tons CO2 equivalent in 2023 to 4.72 tons CO2 equivalent in 2024, a reduction of 0.53 tons or approximately 10.1%[192] - The company generated no hazardous waste during the reporting year and implemented comprehensive waste reduction methods[199] - The company has established a digital-first document management system to reduce printing needs and configured all printers for default double-sided printing[200] - The company will continue to explore energy-saving opportunities and environmental measures to further reduce absolute emissions and improve density metrics[195]
鼎立资本(00356) - 2024 - 年度财报