Financial Performance - The group's revenue from continuing operations for the year ended December 31, 2024, was approximately HKD 437.6 million, a decrease of about HKD 16.1 million or 3.5% compared to HKD 453.7 million for the year ended December 31, 2023[4] - The loss for the year was approximately HKD 17.8 million, a reduction of about HKD 1.3 million or 6.8% from HKD 19.1 million in the previous year[4] - The basic and diluted loss per share from continuing and discontinued operations for the year was HKD 3.01, compared to HKD 3.32 in 2023[4] - Gross profit from continuing operations was HKD 43.8 million, down from HKD 59.2 million in the previous year[6] - Other income decreased to HKD 2.3 million from HKD 3.9 million year-on-year[6] - The total loss from continuing operations before tax was HKD 21.0 million, compared to a loss of HKD 5.5 million in the previous year[6] - The company reported a net loss attributable to owners of the company from continuing operations of HKD 19.5 million, compared to HKD 4.9 million in the previous year[6] - The company reported a loss from continuing operations of HKD 37,455,000, compared to a loss of HKD 11,462,000 in the previous year, indicating a worsening performance[7] - The group recorded a loss before tax from continuing operations of approximately HKD 20.9 million, an increase of about HKD 13.4 million or 179.0% from the previous year[48] - The group reported a total loss of approximately HKD 17.8 million for the year, a decrease of about HKD 1.3 million or 6.8% from the previous year[49] Revenue Breakdown - The group's revenue for the year ending December 31, 2024, was HKD 440,086,000, a decrease of 8.7% from HKD 482,008,000 in 2023[19] - Revenue from system integration contracts was HKD 275,373,000, down from HKD 301,375,000, representing a decline of 8.6%[19] - Revenue from network security services significantly decreased to HKD 2,447,000 from HKD 28,277,000, a drop of 91.3%[19] - The group’s revenue from maintenance services was HKD 151,169,000, a slight decrease from HKD 152,356,000 in the previous year[19] - The total revenue from other services was HKD 11,097,000, which was not reported in the previous year[19] - The group’s revenue from public sector clients was HKD 297,458,000, while private sector clients contributed HKD 142,628,000[21] Assets and Liabilities - The company's net assets decreased to HKD 151,372,000 in 2024 from HKD 182,999,000 in 2023, a decline of 17.4%[9] - The total assets less current liabilities decreased from HKD 191,155,000 in 2023 to HKD 158,383,000 in 2024, a reduction of 17.1%[8] - Non-current assets decreased from HKD 72,162,000 in 2023 to HKD 52,016,000 in 2024, a decline of 28%[8] - Cash and cash equivalents decreased significantly from HKD 122,708,000 in 2023 to HKD 81,807,000 in 2024, a drop of 33.4%[8] - The total liabilities decreased from HKD 84,764,000 in 2023 to HKD 62,446,000 in 2024, a reduction of 26.3%[9] Cost and Expenses - The cost of goods sold decreased to HKD 272,397,000 in 2024 from HKD 306,211,000 in 2023, a decline of 11.0%[25] - The total comprehensive expenses for the year amounted to HKD 35,798,000, compared to HKD 25,656,000 in the previous year, representing an increase of 39.5%[7] - Research and development costs rose to HKD 6,460,000 in 2024, up from HKD 5,174,000 in 2023, an increase of 24.8%[25] - The depreciation expense for owned properties, plants, and equipment was HKD 2,075,000 in 2024, down from HKD 2,344,000 in 2023, a decrease of 11.5%[25] Dividends and Shareholder Returns - The board of directors does not recommend the payment of any dividend for the year, consistent with the previous year[4] - The company did not recommend the payment of a final dividend for the years ended December 31, 2024, and December 31, 2023[28] Corporate Actions and Governance - The company entered into a conditional acquisition agreement to purchase a company engaged in regulated activities under the Securities and Futures Ordinance in Hong Kong for a total consideration of HKD 3 million, to be paid through the issuance of shares[58] - The proposed acquisition was ultimately terminated on November 5, 2024, as the company decided not to proceed with the acquisition after careful consideration[59] - The company issued convertible bonds with a total principal amount of HKD 2 million, with a conversion price of HKD 0.50 per share and an annual interest rate of 8%[61] - The estimated net proceeds from the convertible bond issuance, after expenses, are approximately HKD 1.9 million, intended for general working capital if the proposed acquisition does not proceed[63] - The company has complied with the corporate governance code and principles as required by the GEM listing rules throughout the year[71] - The audit committee has reviewed the group's financial performance for the year and found no discrepancies with the company[79] Employee and Workforce - The total employee cost for the year was approximately HKD 82.5 million, a decrease from HKD 93.3 million in the previous year, reflecting a reduction in workforce from 243 to 206 employees[66] - The company has a stock option plan in place, granting a total of 34.8 million options to eligible participants, including employees and directors, over various dates[67] Future Outlook - The group anticipates that the transaction price for system integration and maintenance service contracts will be recognized as revenue by December 31, 2027[23] - The company plans to continue implementing strict cost control measures to address uncertainties in the business environment[38]
未来数据集团(08229) - 2024 - 年度业绩