Edvance Intl (01410.HK) announced that in the 2024 fiscal year, the group recorded revenue and gross profit of approximately HKD 625 million and approximately HKD 137 million, respectively. Compared with the revenue and gross profit of approximately HKD 577 million and approximately HKD 137 million in the 2023 fiscal year, they increased by approximately 8.3% and decreased by approximately 0.2%, respectively. In the 2024 fiscal year, the company recorded a profit attributable to owners of the company of approximately HKD 29.7 million (2023 fiscal year: a loss attributable to owners of the company of approximately HKD 27.5 million). Earnings per share were 2.94 Hong Kong cents.
In the 2024 fiscal year, the company's cybersecurity services business accounted for more than 50% of the group's revenue and was the main driving force for the group's growth. The company is proud of this achievement, but will continue to overcome various challenges that may affect its future development and profitability. Most importantly, the economic outlook is uncertain, and the company has seen suppliers begin to consolidate, resulting in a decrease in the number of suppliers and ultimately increasing the risks associated with products and solutions distributed by the company's group companies. The company will continue to double its efforts to invest more resources in its services and value-added distribution models to ensure that it can retain and attract talented individuals to help its customers more effectively configure their cybersecurity solutions, while maintaining trust with existing and new supplier partners. This also means that the management team must reduce the operating profits of strategic long-term trades that have been selected.
The company will continue to double its efforts to invest more resources in its services and value-added distribution models to ensure that it can retain and attract talented individuals to help its customers more effectively configure their cybersecurity solutions, while maintaining trust with existing and new supplier partners. This also means that the management team must reduce the operating profits of strategic long-term trades that have been selected.