Financial Performance - The group's revenue for the reporting year was approximately HKD 6,032.0 million, an increase of 49.7% compared to HKD 4,028.3 million in the previous year[2]. - The profit attributable to equity holders was approximately HKD 106.4 million, up 60.5% from HKD 66.3 million in the previous year[2]. - Basic and diluted earnings per share were approximately HKD 2.52, compared to HKD 1.57 in the previous year, reflecting a 60.5% increase[2]. - The EBITDA for the reporting year was approximately HKD 239.9 million, a significant increase from HKD 125.4 million in the previous year, representing an increase of 91.2%[2]. - The total comprehensive income for the year was approximately HKD 71.3 million, compared to HKD 54.1 million in the previous year, an increase of 31.9%[5]. - The company reported a total profit before tax of HKD 56,283,000 for the year ended December 31, 2024, compared to HKD 82,853,000 for the previous year[19][21]. - The company's profit before tax for the year 2024 was HKD 106,393,000, compared to HKD 66,323,000 in 2023, representing a growth of approximately 60.5%[24]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of a final dividend for the reporting year, compared to no dividend in the previous year[2]. - The company does not intend to declare any dividends for the year ending December 31, 2024, consistent with the previous year[26]. - The company has not identified any significant impact from the newly adopted accounting standards on its financial statements for the current and prior years[13]. Revenue Segmentation - Revenue from the New Energy and EPC segment was HKD 4,127,452 thousand, compared to HKD 2,119,585 thousand in the previous year, indicating a growth of about 94.5%[16]. - The Green Building and Construction segment generated revenue of HKD 908,398 thousand, down from HKD 1,349,387 thousand, reflecting a decline of approximately 32.6%[16]. - The Smart Energy Management Services segment saw revenue increase to HKD 65,863 thousand from HKD 16,055 thousand, marking a significant growth of about 310.5%[16]. - The Health and Medical segment reported revenue of HKD 925,256 thousand, up from HKD 409,875 thousand, which is an increase of approximately 126.5%[16]. - Total revenue from confirmed sales was HKD 5,575,515,000 in 2024, compared to HKD 3,616,051,000 in 2023, marking an increase of 54.2%[24]. Assets and Liabilities - Total assets increased to HKD 4,476,615,000 in 2024 from HKD 3,496,284,000 in 2023, representing a growth of approximately 28%[6]. - Total liabilities rose to HKD 2,936,941,000 in 2024 compared to HKD 2,185,049,000 in 2023, marking an increase of about 34%[7]. - The company's equity increased to HKD 1,539,674,000 in 2024 from HKD 1,311,235,000 in 2023, reflecting a growth of approximately 17%[7]. - Cash and cash equivalents reached HKD 265,887,000 in 2024, up from HKD 137,372,000 in 2023, indicating a significant increase of about 93%[6]. - Trade and other receivables amounted to HKD 1,743,307,000 in 2024, compared to HKD 1,229,460,000 in 2023, representing an increase of approximately 42%[6]. Strategic Focus and Future Plans - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[3]. - The company is focusing on new product development in the health and medical sectors, aiming to enhance its service offerings in the coming years[9]. - The company anticipates continued growth in revenue driven by new product launches and market expansion strategies[16]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and expand its service offerings[16]. - The company aims to establish new energy solutions as a core growth driver while maintaining commitments to existing green building projects[32]. Operational Efficiency - The company reported a net profit margin of approximately 1.8%, up from 1.6% in the previous year, showing improved efficiency[4]. - The gross profit margin improved to approximately 2.9% from 3.2% in the previous year, indicating a slight decrease in profitability[4]. - The company recorded a significant increase in other income and gains, amounting to approximately HKD 182.7 million, compared to HKD 18.8 million in the previous year[4]. - The company reported a decrease in the provision for impairment losses on trade receivables, with a provision of HKD 2,292,000 in 2024 compared to HKD 11,392,000 in 2023, a reduction of approximately 80%[27]. Employee and Governance - The group has 1,118 employees as of December 31, 2024, down from 1,469 in the previous reporting year[56]. - The company has complied with all applicable corporate governance codes, except for a deviation regarding the roles of the Chairman and CEO being held by the same individual[63]. - The audit committee, consisting of three directors, has reviewed and approved the consolidated financial statements for the reporting year, ensuring compliance with applicable accounting standards and regulations[69].
中环新能源(01735) - 2024 - 年度业绩