Financial Performance - The Group reported a net loss of approximately HK$27.3 million for the year ended 31 December 2024, compared to a net loss of approximately HK$25.7 million in 2023[15]. - Basic and diluted loss per share was approximately HK$4.51 cents, slightly higher than HK$4.43 cents in 2023[15]. - The Group incurred a loss of approximately HK$27.3 million for the year, compared to a loss of approximately HK$25.7 million in 2023, representing an increase in loss of about 6.2%[39]. - The Group recorded total revenue of approximately HK$20.6 million for the year ended 31 December 2024, an increase from approximately HK$18.9 million in 2023, representing a growth of about 9.0%[39]. - The Group had cash and bank balances of approximately HK$6.4 million, down from HK$14.2 million in 2023, and net current assets of approximately HK$5.2 million, compared to HK$15.6 million in 2023[115][119]. - The gearing ratio improved to approximately 0.27 as of December 31, 2024, from approximately 1.41 in 2023, with total interest-bearing debts reduced to approximately HK$9.8 million from HK$79.8 million[116][119]. - The Board did not recommend any dividend payment for the year ended December 31, 2024, consistent with 2023[114][118]. Revenue Breakdown - Revenue from the financial services business was approximately HK$10.5 million, down from approximately HK$11.4 million in 2023, while segment profit increased to approximately HK$6.4 million from HK$3.3 million[16]. - Corporate financial advisory services generated revenue of approximately HK$7.5 million, representing about 36.4% of the Group's total revenue, down from approximately HK$8.4 million in 2023[17]. - The corporate consulting business achieved revenue of approximately HK$5.5 million in 2024, up from approximately HK$4.0 million in 2023, reflecting a growth of about 37.5%[26]. - The digital business reported revenue of approximately HK$4.6 million in 2024, an increase from approximately HK$3.5 million in 2023, marking a growth of about 31.4%[27]. - The financial services business generated revenue of approximately HK$10.5 million in 2024, down from approximately HK$11.4 million in 2023, indicating a decline of about 7.9%[40]. - Corporate financial advisory services contributed approximately HK$7.5 million to total revenue, accounting for approximately 36.4% of the Group's total revenue[41]. Loan Receivables - As of 31 December 2024, the Group had loan receivables with a gross principal amount of approximately HK$3.7 million, down from approximately HK$5.2 million in 2023[21]. - Interest income from loan receivables remained stable at approximately HK$0.5 million for both 2024 and 2023[21]. - Individual loan receivables accounted for approximately 53.7% of total gross loan receivables as of December 31, 2024, compared to 61.7% in 2023[48]. - Corporate loan receivables represented approximately 46.3% of total gross loan receivables as of December 31, 2024, up from 38.3% in 2023[48]. - The interest rate for individual loans was maintained at 8% for 2024, while corporate loans had a fixed interest rate of 12%[48]. - The expected credit loss (ECL) rate for loan receivables ranged from 11.9% to 22.3%, depending on the nature and risk characteristics of the loans[54]. Business Strategy and Future Plans - The Group plans to explore new business opportunities in fintech innovations and digital transformation strategies to enhance its service offerings[31]. - The Group aims to leverage artificial intelligence and emerging technologies to improve its digital presence and service offerings[30]. - The Group is strategically positioning itself to leverage AI-driven technologies within its financial services framework while continuing investments in live concerts and events[85]. - The Group aims to enhance the performance of its financial services segment by exploring new opportunities, including asset management prospects under the Capital Investment Entrant Scheme (CIES) and expanding its license to include investments in virtual assets[89]. - The Group is considering diversifying into other regional capitals like the United States to broaden its customer reach and potentially boost revenue streams[86]. Corporate Governance and Management - The Board has decided to cease further losses related to NOIZChain, reflecting a commitment to safeguarding shareholder value and reallocating resources to areas with greater potential for sustainable growth[84]. - The Board is actively exploring other potential business opportunities that align with the Company's strategic priorities and have a higher likelihood of generating meaningful returns for shareholders[84]. - The Group anticipates a continued need for professional services related to corporate governance for Hong Kong listed companies[90]. - The Directors' service contracts are subject to retirement and re-election at the AGM in accordance with the Articles of Association[182]. - The independent non-executive directors have service agreements with a term of one year, subject to re-election at the annual general meeting[187]. Employee and Operational Changes - The Group employed 15 staff as of December 31, 2024, down from 18 in 2023, with a remuneration policy focused on equality and performance[128]. - The Group's employee compensation policy is based on fairness and market competitiveness, with annual reviews[134]. Investments and Assets - As of December 31, 2024, the Group managed a listed security investment with a fair value of approximately HK$0.4 million, unchanged from 2023, indicating cautious management of trading performance amid market fluctuations[73]. - The Group's investment in ICO Group Limited (stock code: 1460) includes 1,600,000 shares, representing 0.18% of total shares held, with a market value of approximately HK$310,000[79]. - The Group's investment in Evergrande Property Services Group Limited (stock code: 6666) includes 113,000 shares, representing 0.001% of total shares held, with a market value of approximately HK$85,000[79]. - The Group's financial assets at fair value through profit or loss as of December 31, 2024, included realised losses of HK$42,000 from ICO Group Limited and unrealised gains of HK$30,000 from Evergrande Property Services Group Limited[78]. Customer and Supplier Information - The largest customer accounted for 19.44% of the Group's total sales in 2024, down from 21.44% in 2023[170]. - The five largest customers contributed 47.33% to the Group's total sales in 2024, a decrease from 55.55% in 2023[170]. - The largest supplier represented 100% of the Group's total purchases in 2024, with no applicable data for 2023[170]. Charitable Contributions - Charitable contributions made by the Group amounted to approximately HK$89,800 in 2024, compared to approximately HK$39,800 in 2023[171]. Miscellaneous - There were no material subsequent events undertaken by the Company or the Group after December 31, 2024[162]. - The Group had no pledged assets as of December 31, 2024, maintaining the same status as in 2023[122]. - The Group had no foreign exchange risk exposure in US dollars against HK$ as of December 31, 2024, and did not engage in currency hedging arrangements during the year[127][133].
声扬集团(08163) - 2024 - 年度财报