Financial Analysis Report: Combine Will International Holdings Limited
Company Overview
Combine Will International Holdings Limited, a company incorporated in the Cayman Islands, operates in the international market. The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report. However, based on the provided financial statements, it appears to be involved in trading and manufacturing activities.
Business Description and Industry Position
The company is positioned in a competitive market, but its specific industry and market share are not clearly defined in the report. The company’s competitors and market share are also not explicitly mentioned.
Revenue Streams, Customer Base, Supply Chain, and Competitive Advantage
The report does not provide detailed information on the company’s revenue streams, customer base, supply chain, and competitive advantage.
Financial Statement Analysis
Income Statement
The report does not provide a detailed Income Statement. However, it mentions variances between the unaudited and audited financial statements, primarily due to the adoption of new accounting standards on disclosure.
Balance Sheet
The company’s Balance Sheet shows:
Total current liabilities: HK$842,154 (2024) and HK$641,365 (2023)
Total liabilities: HK$861,651 (2024) and HK$684,871 (2023)
Cash Flow Statement
The Cash Flow Statement shows:
Net cash generated from/(used in) financing activities: HK$73,265 (2024) and HK$(51,385) (2023)
Key Facts and Investor Action
The company has adopted new accounting standards on disclosure, which led to reclassifications of certain items, but did not have a material impact on financial results.
The company’s financial statements have been audited by Messrs RSM SG Assurance LLP and Messrs RSM Hong Kong.
Dividend and Earnings
No dividend amount is proposed or mentioned in the report.
There is no explicit mention of earnings increase or decrease.
Important Information
The report is dated 9 April 2025 and is for the financial year ended 31 December 2024.
The company’s auditor’s report was issued on 9 April 2025.
Special Activity or Action
The company is adopting new accounting standards on disclosure, which led to reclassifications of certain items.
Summary of Key Findings
The company’s financial statements show variances between the unaudited and audited financial statements primarily due to the adoption of new accounting standards. The company’s financial position and cash flows have been re-presented to align with this new presentation.
Recommendation
For current investors: Based on the report, there are no compelling reasons to sell or buy more shares. However, investors should take note of the adoption of new accounting standards and the reclassification of certain items.
For potential investors: The report does not provide sufficient information to make a well-informed investment decision. However, investors should be cautious when dealing in the shares of the company.
Disclaimer: This recommendation is based solely on the provided report and should not be considered as investment advice.
Net Profit Growth or Decline
The report does not explicitly state the net profit growth or decline.
Date of Report: 9 April 2025 Financial Year: 31 December 2024
Recommendation for current investors: Hold, but exercise caution due to changes in accounting standards.
Recommendation for potential investors: Conduct further research before making an investment decision.
In conclusion, Combine Will International Holdings Limited’s financial report shows variances between the unaudited and audited financial statements primarily due to the adoption of new accounting standards. The company’s financial position and cash flows have been re-presented to align with this new presentation. Investors should exercise caution when dealing in the shares of the company. 1 2 3
View Combine Will Historical chart here
