Hong Kong, March 19, 2025 - Leading Hong Kong listed information technology (IT) software and service company, Computer And Technologies Holdings Limited (C&T or the Group, SEHK 00046) announced today its full-year results for the year ended December 31, 2024.

 

The Group recorded total revenue of HK$261.1 million, reflecting a modest increase of 1.4% from HK$257.5 million in the previous year.  To enhance software product development and project delivery efficiency, the Group continued to scale up its software development resources in the Greater Bay Area of Mainland China.  Consequently, the Group reduced the related costs and improved gross profit by HK$7.3 million or 5.4%, totaling HK$143.2 million (2023: HK$135.8 million).  This enhancement also contributed to an increase in the gross profit margin, which rose to 54.8% (2023: 52.8%).

 

In contrast, the Group's other income and gains experienced a slight decrease of HK$0.2 million, reaching a total of HK$16.1 million (2023: HK$16.3 million).  Furthermore, the Group encountered a valuation loss of HK$5.3 million on its investment property and financial assets, compared with a loss of HK$3.1 million in the preceding year, reflecting the prevailing market conditions.

 

Considering the launch of several new software products that received positive market feedback, the Group fully amortised the related remaining other intangible assets (including deferred development costs), resulting in an increase in other expenses by HK$2.1 million, bringing the total to HK$15.5 million (2023: HK$13.4 million).  Due to the increase in local assessable profits, the reduction of deferred tax assets and the additional tax provision related to the claim for an enhanced deduction of certain research and development expenditures in previous years^[1], the income tax expense surged by HK$5.9 million to HK$10.4 million (2023: HK$4.5 million).

 

As a result, the consolidated net profit attributable to shareholders decreased by HK$4.3 million, or 12.8%, to HK$29.1 million (2023: HK$33.4 million).  Affected by share repurchases throughout the year, the basic earnings per share only dropped by 11.5% to 11.95 HK cents (2023: 13.50 HK cents).

 

Given the Group's robust financial position, the Board has declared a final dividend of 5.5 HK cents per ordinary share for the year ended 31 December 2024, same as the 5.5 HK cents paid in the previous year.  With the previously declared interim dividend of 5.5 HK cents (2023: 5.5 HK cents) and the proposed final dividend, the total annual dividends for the Group will amount to 11 cents (2023: 11 HK cents) per ordinary share.

 

Mr. Ng Cheung Shing, Chairman of the Group said, “The economies of the HKSAR and Mainland China are expected to continue their growth in 2025, but the pace may vary significantly across different sectors.  There is also uncertainty on impact to government IT spending due to fiscal deficit in HKSAR.  Along with evolving geopolitical dynamics that may impact trade and investment, the overall outlook remains uncertain.

 

In this complex operating environment, management anticipates that business momentum will be driven by cost effective operation and focused go-to-market initiatives.  The Group is optimistic about enhancing its SaaS offerings, supported by an improved product portfolio characterised by cloud-native architecture, which is expected to bolster growth in recurring revenue streams.

 

Enabled by the Group's technical resource center in the Greater Bay Area, the Group's Solutions Services business aims to enhance its involvement in innovation, technology development, and smart city initiatives of the HKSAR government. The business will further strengthen its business development and consolidate resources in managed infrastructure, cloud, and security services, aiming to engage more key enterprises through our domains in digital transformation, automation, cybersecurity, cyber-monitoring, and AI.

 

To complement or expand its operations and market reach, the Group is actively exploring various joint ventures as well as merger and acquisition opportunities.  These initiatives could provide improved economies of scale or new growth prospects.  However, the Group remains committed to prudently evaluating these opportunities, balancing growth aspirations with financial returns.＂

 

 

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For details of the Group’s 2024 Annual Results, please refer to the official announcement.

 

 

About C&T Holdings

 

Computer And Technologies Holdings Limited (C&T, SEHK 00046) operates its business with a vision to build a better world with Information Technology. Established in 1991 and listed on the main board of Hong Kong Stock Exchange since 1998, C&T is committed to providing best-of-breed enterprise software products and cloud services from human resources management to cyber intelligence, information management, procurement management, property management and retail management to enable organizations to run their businesses and operations better. Apart from software products, the Group has a long-standing track record in delivering effective IT solutions and quality services, including IT solution design and implementation, software development, online e-services and business processing outsourcing services, to enhance the competitive advantages of our clients. For more than 30 years, the Group’s products and services have been widely adopted across industries and sectors and trusted by enterprise customers ranging from prominent brands to local conglomerates and multinational corporations, as well as government organizations and non-profit organizations. For more information, please visit C&T website: www.ctil.com.

 

 

Inquiries

Mr. Alan Ma

Tel: (852) 2503 8396

Fax: (852) 2503 8100

Email: alan_ma@ctil.com