Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 1,067,830, a decrease of 4.2% compared to HKD 1,114,213 in 2023[3] - Gross profit for the year was HKD 321,590, down 9.5% from HKD 355,187 in the previous year[3] - Net profit for the year was HKD 170,373, a decrease of 3.3% from HKD 177,131 in 2023[3] - Basic and diluted earnings per share were HKD 13.63, compared to HKD 14.03 in the previous year, reflecting a decline of 2.9%[4] - Total comprehensive income for the year was HKD 164,618, down 4.1% from HKD 171,781 in 2023[4] Cash and Assets - Cash and cash equivalents increased to HKD 418,507, up 17.8% from HKD 354,981 in 2023[5] - Total assets increased to HKD 843,152, up 14.6% from HKD 735,567 in 2023[5] - The company reported a net asset value of HKD 829,677, an increase of 14.3% from HKD 725,684 in the previous year[5] Revenue Breakdown - Revenue from sleepwear products increased to HKD 726,449,000 in 2024 from HKD 659,620,000 in 2023, representing an increase of 10.1%[11] - Revenue from the United States decreased to HKD 793,227,000 in 2024 from HKD 926,580,000 in 2023, a decrease of 14.4%[14] - Revenue from major customer A decreased to HKD 784,911,000 in 2024 from HKD 922,276,000 in 2023, a decline of 14.9%[15] Expenses and Financials - Sales and distribution expenses for the year ended December 31, 2024, were approximately HKD 52.2 million, a decrease of about 6.2% from HKD 55.7 million in 2023[38] - Administrative expenses for the year ended December 31, 2023, were approximately HKD 69.1 million, a slight increase of about 1.5% from HKD 68.1 million in 2022[39] - Financial expenses for 2024 were approximately HKD 19.2 million, compared to HKD 18.1 million in 2023[40] Dividends - The proposed final dividend per share increased to HKD 0.056 in 2024 from HKD 0.0485 in 2023, representing an increase of 10.3%[26] - The board proposed a final dividend of HKD 0.056 per share, representing a dividend payout ratio of approximately 41.1% of the profit attributable to shareholders[33] Operational Developments - The company continues to focus on the manufacturing and sales of sleepwear and homewear products, with no new segments reported[10] - The company plans to establish production bases in Africa, Central America, and Vietnam to capitalize on upcoming demand recovery opportunities[33] - The company established a representative office in the United States in 2024 to enhance design and pre/post-sales operations, aiming to strengthen customer relationships[31] Market Investments - The group invested in 11 sets of marketable bond instruments with a principal amount ranging from 2,000,000, totaling approximately 2,500,000[47] - The group also invested in 9 sets of funds with a principal amount totaling approximately 11,700,000 as of December 31, 2024[48] Employee and Corporate Governance - The group employed 2,028 staff as of December 31, 2024, an increase from 1,977 staff as of December 31, 2023[56] - The company's capital structure has remained unchanged since its listing on November 28, 2019, consisting of ordinary shares and other reserves[54] - The board of directors confirmed compliance with the non-competition agreement, with no reported competitive business activities during the year[57] Future Outlook - The company aims to stabilize growth in existing businesses while planning future expansions to capture business opportunities as global and domestic demand recovers[43] - The new garment production facility in Vietnam is expected to have a monthly capacity of approximately 2 million pieces, with initial trial production planned before the end of 2025[43] - The company plans to establish a new subsidiary in the United States in 2025 to enhance design and pre/post-sales operations, improving communication with customers[43]
捷隆控股(01425) - 2024 - 年度业绩