COMBA: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

COMBA announced its financial performance for the fiscal year ending 2024, with revenue down 24.3% year-on-year to 4.53 billion HKD, and gross margin decreased from 27.8% in the same period last year to 25.9%. The company recorded a net loss attributable to Shareholders of 0.564 billion HKD, compared to a profit of 6.7 million HKD in the same period last year.The company continues to maintain its investment in research and development, with R&D expenses amounting to 0.409 billion HKD, slightly down from 0.446 billion HKD in the same period last year. Sales and distribution expenses decreased to 0.554 billion HKD, administrative expenses reduced to 0.472 billion HKD, and financial costs also significantly decreased to 31.26 million HKD, reflecting the company's progress in cost control.Over the five...Show More

COMBA announced its financial performance for the fiscal year ending 2024, with revenue down 24.3% year-on-year to 4.53 billion HKD, and gross margin decreased from 27.8% in the same period last year to 25.9%. The company recorded a net loss attributable to Shareholders of 0.564 billion HKD, compared to a profit of 6.7 million HKD in the same period last year.The company continues to maintain its investment in research and development, with R&D expenses amounting to 0.409 billion HKD, slightly down from 0.446 billion HKD in the same period last year. Sales and distribution expenses decreased to 0.554 billion HKD, administrative expenses reduced to 0.472 billion HKD, and financial costs also significantly decreased to 31.26 million HKD, reflecting the company's progress in cost control.Over the five-year performance trend, the company's revenue has continued to decline from the peak of 6.36 billion HKD in 2022 to its current level. Despite facing financial challenges, the company maintains stable R&D investment and continues to optimize its debt structure, gradually reducing financial costs from 69.35 million HKD in 2020 to the current level.