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Reitar Logtech Holdings | 20-F: Registration statement / Annual report / Transition report

Reitar Logtech Holdings | 20-F: Registration statement / Annual report / Transition report

Reitar Logtech Holdings | 20-F:年度报告/过渡报告/注册声明
美股SEC公告 ·  2024/07/31 13:13

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Reitar Logtech Holdings reported significant revenue growth but declining profitability for FY2024. Revenue surged 198.2% YoY to HK$252.0M, primarily driven by its construction management and engineering design segment, which contributed 91.7% of total revenue. However, net income decreased 69.2% YoY to HK$19.6M, while gross profit margin contracted to 25.4% from 28.9% in FY2023.The company maintains a strong project pipeline with contract backlog of HK$1,036.7M, despite facing operational challenges. Operating expenses increased 139.3% YoY to HK$35.9M as the company expanded its operations. Management has discontinued the subleasing business in FY2023 to focus on core operations, with no dividends declared for both FY2023 and FY2024.Notable risk factors include high concentration in both suppliers and customers, with two subcontractors accounting for 37.7% of payables and two customers contributing 79.7% of revenue. The company also faces geographic concentration risk in Hong Kong, along with exposure to interest rate and foreign currency fluctuations, particularly in USD.
Reitar Logtech Holdings reported significant revenue growth but declining profitability for FY2024. Revenue surged 198.2% YoY to HK$252.0M, primarily driven by its construction management and engineering design segment, which contributed 91.7% of total revenue. However, net income decreased 69.2% YoY to HK$19.6M, while gross profit margin contracted to 25.4% from 28.9% in FY2023.The company maintains a strong project pipeline with contract backlog of HK$1,036.7M, despite facing operational challenges. Operating expenses increased 139.3% YoY to HK$35.9M as the company expanded its operations. Management has discontinued the subleasing business in FY2023 to focus on core operations, with no dividends declared for both FY2023 and FY2024.Notable risk factors include high concentration in both suppliers and customers, with two subcontractors accounting for 37.7% of payables and two customers contributing 79.7% of revenue. The company also faces geographic concentration risk in Hong Kong, along with exposure to interest rate and foreign currency fluctuations, particularly in USD.
域塔物流科技报告了2024财年的显著营业收入增长,但盈利能力下降。营业收入同比激增198.2%,达到港币25200万,主要得益于其施工管理和工程设计板块,该板块贡献了91.7%的总营业收入。然而,净利润同比下降69.2%,降至港币1960万,毛利润率从2023财年的28.9%收缩至25.4%。尽管面临运营挑战,公司仍保持强劲的项目管道,合同积压为港币103670万。由于公司扩大业务,营业费用同比增加139.3%,达到港币3590万。管理层已在2023财年停止了转租业务,以专注于核心运营,2023财年和2024财年均未宣布分红派息。显著的风险因素包括供应商和客户的高度集中,有两个分包商占应付账款的37.7%,两个客户贡献了79.7%的营业收入。公司还面临在香港的地域集中风险,并受到利率和外汇波动的影响,尤其是美元。
域塔物流科技报告了2024财年的显著营业收入增长,但盈利能力下降。营业收入同比激增198.2%,达到港币25200万,主要得益于其施工管理和工程设计板块,该板块贡献了91.7%的总营业收入。然而,净利润同比下降69.2%,降至港币1960万,毛利润率从2023财年的28.9%收缩至25.4%。尽管面临运营挑战,公司仍保持强劲的项目管道,合同积压为港币103670万。由于公司扩大业务,营业费用同比增加139.3%,达到港币3590万。管理层已在2023财年停止了转租业务,以专注于核心运营,2023财年和2024财年均未宣布分红派息。显著的风险因素包括供应商和客户的高度集中,有两个分包商占应付账款的37.7%,两个客户贡献了79.7%的营业收入。公司还面临在香港的地域集中风险,并受到利率和外汇波动的影响,尤其是美元。
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