Financial Performance - Revenue for the year ended December 31, 2024, increased to HKD 257,278,000, up 10.5% from HKD 232,920,000 in 2023[4] - Gross profit rose to HKD 71,075,000, representing a 11.9% increase compared to HKD 63,692,000 in the previous year[4] - Profit attributable to owners of the company for the year was HKD 26,360,000, a 26.5% increase from HKD 20,773,000 in 2023[4] - Basic and diluted earnings per share increased to HKD 1.318, up from HKD 1.039 in the prior year, reflecting a growth of 26.9%[4] - Pre-tax profit for 2024 was HKD 70,075,000, compared to HKD 61,692,000 in 2023, reflecting a growth of 13.5%[18] - Total tax expenses for 2024 amounted to HKD 4,716,000, an increase from HKD 3,706,000 in 2023, marking a 27.2% rise[20] - The group's gross profit for the fiscal year ending December 31, 2024, was HKD 71.1 million, up HKD 7.4 million from HKD 63.7 million in the previous year, resulting in a gross margin of 27.6%, an increase of 0.3 percentage points from 27.3%[35] - The profit attributable to the company's owners for the fiscal year ending December 31, 2024, was HKD 26.4 million, an increase of HKD 5.6 million or 26.9% from HKD 20.8 million in the previous year[35] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 188,815,000, an increase from HKD 172,428,000 in 2023[6] - Current assets net worth improved to HKD 125,360,000, compared to HKD 118,625,000 in the previous year[6] - Non-current assets increased to HKD 14,327,000, up from HKD 10,903,000 in 2023, indicating a growth of 31.5%[6] - Cash and bank balances rose to HKD 90,431,000, compared to HKD 82,158,000 in the previous year, marking an increase of 10.7%[6] - Trade receivables net amount for 2024 was HKD 67,483,000, up from HKD 62,352,000 in 2023, indicating an 8.5% increase[26] - Trade payables increased to HKD 33,478,000 in 2024 from HKD 22,474,000 in 2023, a significant rise of 48.9%[29] - The company’s inventory cost for the year was HKD 186,203,000, compared to HKD 169,228,000 in the previous year, reflecting a 10.0% increase[18] Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[7] - The company is currently assessing the impact of new accounting standards on its financial statements, particularly regarding the presentation and disclosure of financial performance[17] - The group faced challenges in 2025 due to tariffs and trade wars, leading to a cautious outlook for future growth[34] - The company has diversified some production to Vietnam in response to market demands[34] Corporate Governance - The board will continue to review and monitor the company's corporate governance practices to maintain a high level of governance[53] - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance by all directors for the year ending December 31, 2024[55] - The audit committee, consisting of two independent non-executive directors and one non-executive director, has reviewed the group's annual performance and financial statements without disagreement[56] Dividends and Shareholder Information - Proposed final dividend per share for 2024 remains at HKD 0.005, totaling HKD 10,000,000, consistent with 2023[22] - The proposed final dividend for the year ending December 31, 2024, is HKD 0.005 per ordinary share, unchanged from 2023[59] - The company will suspend share transfer registration from June 6, 2025, to June 13, 2025, to determine shareholder eligibility for the upcoming annual general meeting[61] - The annual general meeting is scheduled for June 13, 2025, at 11:30 AM in Hong Kong[62] Employee Information - The total number of employees as of December 31, 2024, was 115, an increase from 112 in 2023[45] - Capital expenditures for the fiscal year ending December 31, 2024, amounted to HKD 8.5 million, an increase from HKD 5.4 million in 2023[41]
蚬壳电业(02381) - 2024 - 年度业绩