Magic Empire Global Ltd: 20-F filed 2025-04-14

Name: Magic Empire Global Ltd: 20-F filed 2025-04-14
Creator: Magic Empire Global Ltd

What Magic Empire Global Ltd reported in its annual report (foreign private issuer) filed 2025-04-14 (fiscal FY 2024): 36 published measures, 111 facts as tagged in accession 0001641172-25-004566.

This filing

Form: 20-F (annual report (foreign private issuer))
Filed: 2025-04-14
Fiscal period: fiscal FY 2024
Accession: 0001641172-25-004566 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Magic Empire Global Ltd filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit
At 2024-12-31	136,143,184	HKD
At 2023-12-31	138,257,174	HKD
At 2024-12-31	17,526,832	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit
At 2024-12-31	6,605,179	HKD
At 2023-12-31	3,989,317	HKD
At 2024-12-31	850,338	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2024-12-31	129,538,005	HKD
At 2023-12-31	134,267,857	HKD
At 2022-12-31	136,333,569	HKD
At 2021-12-31	5,508,863	HKD
At 2024-12-31	16,676,494	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-4,729,852	HKD	366
2023-01-01 to 2023-12-31	-483,812	HKD	365
2022-01-01 to 2022-12-31	-3,842,278	HKD	365
2024-01-01 to 2024-12-31	-608,912	USD	366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-4,649,862	HKD	366
2023-01-01 to 2023-12-31	94,490	HKD	365
2022-01-01 to 2022-12-31	-910,364	HKD	365
2024-01-01 to 2024-12-31	-598,615	USD	366

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2023-01-01 to 2023-12-31	1,904,972	HKD	365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	12,784,230	HKD	366
2023-01-01 to 2023-12-31	13,792,030	HKD	365
2022-01-01 to 2022-12-31	11,198,252	HKD	365
2024-01-01 to 2024-12-31	1,645,819	USD	366

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2023-01-01 to 2023-12-31	-1,581,900	HKD	365
2022-01-01 to 2022-12-31	125,634,459	HKD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	39,753,736	HKD	366
2023-01-01 to 2023-12-31	-27,919,010	HKD	365
2022-01-01 to 2022-12-31	-14,596,700	HKD	365
2024-01-01 to 2024-12-31	5,117,826	USD	366

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit
At 2024-12-31	-9,140,679	HKD
At 2023-12-31	-4,410,827	HKD
At 2024-12-31	-1,176,755	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	5,064,050	shares	366
2023-01-01 to 2023-12-31	5,064,050	shares	365
2022-01-01 to 2022-12-31	4,269,028	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	5,064,050	shares	366
2023-01-01 to 2023-12-31	5,064,050	shares	365
2022-01-01 to 2022-12-31	4,269,028	shares	365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-0.93	HKD/shares	366
2023-01-01 to 2023-12-31	-0.1	HKD/shares	365
2022-01-01 to 2022-12-31	-0.9	HKD/shares	365
2024-01-01 to 2024-12-31	-0.12	USD/shares	366

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-0.93	HKD/shares	366
2023-01-01 to 2023-12-31	-0.1	HKD/shares	365
2022-01-01 to 2022-12-31	-0.9	HKD/shares	365
2024-01-01 to 2024-12-31	-0.12	USD/shares	366

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	381,820	HKD	365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit
At 2024-12-31	1,314,011	HKD
At 2023-12-31	1,695,006	HKD
At 2024-12-31	169,163	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-10,225,540	HKD	366
2023-01-01 to 2023-12-31	-2,812,798	HKD	365
2022-01-01 to 2022-12-31	-4,502,678	HKD	365
2024-01-01 to 2024-12-31	-1,316,417	USD	366

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit
At 2024-12-31	130,640,958	HKD
At 2023-12-31	96,256,048	HKD
At 2024-12-31	16,818,486	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit
At 2024-12-31	3,541,670	HKD
At 2023-12-31	3,989,317	HKD
At 2024-12-31	455,948	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit
At 2024-12-31	1,794,218	HKD
At 2023-12-31	2,302,436	HKD
At 2024-12-31	230,984	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	23,009,770	HKD	366
2023-01-01 to 2023-12-31	16,604,828	HKD	365
2022-01-01 to 2022-12-31	15,700,930	HKD	365
2024-01-01 to 2024-12-31	2,962,236	USD	366

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	23,009,770	HKD	366
2023-01-01 to 2023-12-31	16,604,828	HKD	365
2022-01-01 to 2022-12-31	15,700,930	HKD	365
2024-01-01 to 2024-12-31	2,962,236	USD	366

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2023-12-31	5,064,050	shares

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit
At 2024-12-31	4,188,215	HKD
At 2023-12-31	1,658,382	HKD
At 2024-12-31	539,183	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit
At 2024-12-31	4,267,945	HKD
At 2023-12-31	1,746,317	HKD
At 2024-12-31	549,447	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit
At 2024-12-31	4,064,908	HKD
At 2023-12-31	4,064,908	HKD
At 2024-12-31	523,309	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit
At 2024-12-31	2,750,897	HKD
At 2023-12-31	2,369,902	HKD
At 2024-12-31	354,146	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit
At 2024-12-31	1,644,000	HKD
At 2023-12-31	1,164,000	HKD
At 2024-12-31	211,645	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-4,729,852	HKD	366
2023-01-01 to 2023-12-31	-483,812	HKD	365
2022-01-01 to 2022-12-31	-3,460,458	HKD	365
2024-01-01 to 2024-12-31	-608,912	USD	366

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	380,995	HKD	366
2023-01-01 to 2023-12-31	209,966	HKD	365
2022-01-01 to 2022-12-31	62,683	HKD	365
2024-01-01 to 2024-12-31	49,049	USD	366

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	5,495,688	HKD	366
2023-01-01 to 2023-12-31	2,328,986	HKD	365
2022-01-01 to 2022-12-31	1,042,220	HKD	365
2024-01-01 to 2024-12-31	707,505	USD	366

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-10,000	HKD	365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	391,820	HKD	365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	820,227	HKD	365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	1,788,518	HKD	366
2023-01-01 to 2023-12-31	2,044,020	HKD	365
2022-01-01 to 2022-12-31	2,044,020	HKD	365
2024-01-01 to 2024-12-31	230,251	USD	366

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-508,218	HKD	366
2023-01-01 to 2023-12-31	314,033	HKD	365
2022-01-01 to 2022-12-31	-3,192,306	HKD	365
2024-01-01 to 2024-12-31	-65,427	USD	366

Inspect the source

Entity: Magic Empire Global Ltd / CIK 0001881472
Captured: 2026-09-21T17:32:53.014Z
SEC response SHA-256: d0530883177fd2c0e25bf4d6bce6422baa91adf3ddd0d444dba7d1b1354e2471

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001881472.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))