Financial Performance - Total revenue increased by approximately HKD 6.6 million or 4.6% to about HKD 150 million for the year ended December 31, 2024, compared to approximately HKD 143.4 million for the previous year[9]. - Revenue increased from approximately HKD 143.4 million for the year ended December 31, 2023, to approximately HKD 150 million for the year ended December 31, 2024, representing a growth of about 4.6%[15]. - The group reported a loss attributable to owners of approximately HKD 3.1 million for the year ended December 31, 2024, down from approximately HKD 30.3 million for the previous year[23]. - The company reported a loss before tax of HKD 3,093,000, improving from a loss of HKD 30,756,000 in the previous year[180]. - The group reported a loss of HKD 3,140,000 for the year ending December 31, 2024, compared to a loss of HKD 30,321,000 in 2023[194]. - Basic and diluted loss per share improved to HKD 0.30 from HKD 2.89 in 2023[180]. - The company reported a total loss and comprehensive expenses of HKD (30,321,000) for the year ended December 31, 2023, which decreased to HKD (3,140,000) in 2024[184]. Revenue and Projects - The group undertook 238 projects generating revenue in the year ended December 31, 2024, up from 182 projects in the previous year[13]. - The group secured 98 new projects with a total contract value of approximately HKD 96.8 million during the reporting period[13]. - The group reported revenue from construction contracts of approximately HKD 150,023,000 for the year ended December 31, 2024[164]. - Revenue for the year ended December 31, 2024, was HKD 150,023,000, an increase of 4.3% from HKD 143,405,000 in 2023[180]. Cost and Expenses - Cost of sales rose from approximately HKD 135.5 million to approximately HKD 140.2 million, an increase of about 3.5%, primarily due to increased subcontracting costs driven by higher revenue[16]. - Gross profit increased from approximately HKD 7.9 million to approximately HKD 9.8 million, with the overall gross margin improving from about 5.5% to approximately 6.5%[17]. - Administrative expenses decreased by approximately HKD 19.3 million or 58.3%, from about HKD 33.1 million to approximately HKD 13.8 million, mainly due to effective cost control measures implemented in 2024[18]. - Other income rose from HKD 0.9 million to HKD 1.3 million, primarily from the sale of vehicles during the year[19]. Financial Position - Total assets as of December 31, 2024, were HKD 130,239,000, compared to HKD 125,375,000 in 2023, reflecting a growth of 3.0%[181]. - Current liabilities decreased to HKD 87,589,000 from HKD 90,983,000, a reduction of 3.9%[181]. - Net current assets increased to HKD 42,650,000 from HKD 34,392,000, an increase of 24.0%[181]. - The company's total equity increased to HKD 49,398,000 in 2024 from HKD 41,471,000 in 2023, representing a growth of approximately 19.4%[183]. - The company's share capital rose from HKD 10,500,000 in 2023 to HKD 12,600,000 in 2024, an increase of 20%[184]. Governance and Compliance - The company has adhered to all applicable corporate governance codes as of December 31, 2024, ensuring transparency and accountability[39]. - The board consists of six members, including one executive director and three independent non-executive directors, promoting effective governance and strategic implementation[41]. - The company held four board meetings during the year ending December 31, 2024, with full attendance from the chairman and independent directors[52]. - The company has adopted a board diversity policy, considering various measurable categories such as gender, age, and professional experience in board member selection[48]. - The audit committee is composed of three independent non-executive directors, ensuring compliance with GEM listing rules and corporate governance codes[61]. Risk Management - The company has established a risk management and internal control system, which is regularly reviewed by the audit committee to ensure its effectiveness[63]. - The risk management framework aims to identify and manage risks at an acceptable level while achieving strategic objectives[78]. - The company has implemented a three-tier risk management approach to identify, analyze, assess, mitigate, and respond to risks[78]. - The management's ability to implement plans and measures to improve financial conditions is subject to significant uncertainty[196]. Market Conditions - The construction industry in Hong Kong remains relatively stable, but economic uncertainties and rising labor and material costs pose challenges[10]. - The demand for RMAA and cathodic protection services remains stable, indicating a consistent market need[13]. - The company recognizes the importance of the upcoming property maintenance and construction projects in driving the growth of the RMAA and renovation industry in Hong Kong[14]. Shareholder Communication - The company has established multiple communication channels with shareholders and investors, including annual general meetings, annual reports, interim reports, and a dedicated website[90]. - The company has a dedicated office for handling shareholder inquiries regarding shareholdings, transfers, and dividends[86]. - The company emphasizes the importance of shareholders providing detailed contact information for timely responses to inquiries[87]. Environmental Commitment - The company aims to prioritize innovative construction solutions and enhance its commitment to innovation and environmental responsibility[10]. - The company has committed to environmental sustainability by implementing measures to minimize operational impacts on the environment[118].
圣唐控股(08305) - 2024 - 年度财报