Summary by Futu AI
HSC Resources Group Limited announced its full-year performance as of April 30, 2024, with revenue of HKD 394.5 million, a 42.1% increase from the previous fiscal year. However, the annual net profit decreased to HKD 2.2 million, mainly due to the decline in gross margin, reduction in other income, and increase in financial costs. The basic and diluted earnings per share were HKD 0.02, a significant decrease from last year's HKD 0.16. The Board of Directors does not recommend the payment of final dividends. The company was established in the Cayman Islands in 2016 and was listed on the Main Board of the Hong Kong Stock Exchange in February 2019. Its main business includes designing, supplying, and installing fire safety systems for buildings that are under construction or undergoing renovation, as well as maintaining, repairing, and selling fire protection equipment for completed properties. During the reporting period, the company's economic environment gradually improved, and it expects to improve its business activities and economic conditions while seeking opportunities to expand into other overseas markets.