SILKWAVEINC：ANNUALRESULTSANNOUNCEMENTFORTHEYEARENDED31DECEMBER2024.pdf

1、1Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia

2、nce upon the whole or any part of the contents of this announcement.SILKWAVE INC (Incorporated in the Cayman Islands with limited liability)(Stock Code:471)ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024HIGHLIGHTSYear ended 31 December20242023ChangeChangeUS$000US$000US$000%Revenue6,3

3、947,338(944)(12.9%)Gross profit2,9042,52438015.1%Gain/(loss)from operations156(2,531)2,687106.2%Share of results of an associate(541)(49,599)49,058(98.9%)Impairment loss recognised on intangible assets(4,817)(20,224)15,407(76.2%)Impairment loss recognised under expected credit loss model(4,257)(2,61

4、4)(1,643)62.9%Loss for the year(9,459)(74,968)65,509(87.4%)Total assets36,39344,785(8,392)(18.7%)Total liabilities12,73411,6661,0689.2%Net assets23,65933,119(9,460)(28.6%)2FINANCIAL RESULTSThe board(the“Board”)of directors(the“Directors”)of Silkwave Inc(the“Company”)announces the consolidated result

5、s of the Company and its subsidiaries(collectively referred to as the“Group”)for the year ended 31 December 2024(the“Year”),together with the comparative figures for the year of 2023 as follows:CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the year ended 31 December 2024

6、20242023NotesUS$000US$000Revenue36,3947,338Cost of sales(3,490)(4,814)Gross profit2,9042,524Other income414Administrative expenses(933)(3,087)Market development and promotion expenses(54)(498)Finance costs5(731)(862)Other expenses(358)(92)Share of results of an associate(541)(49,599)Impairment loss