Legend Strategy International Holdings Group Company Limited (1355.HK) reported QQ4 2024 revenue of HKD 10.79 million, down 70.95% year over year, with a gross profit of HKD 6.13 million and a gross margin of 56.8%. The quarter delivered a modest EBITDA of HKD 0.91 million but flagged a substantial operating loss of HKD 17.74 million driven by higher operating and other expenses, culminating in a net loss of HKD 12.17 million (EPS -0.0244). Management commentary is not included in the supplied transcript dataset; as such, quotes and qualitative guidance from the earnings call are not extractable from this source. On the balance sheet, the company carries a heavy debt load (total debt HKD 164.99 million) and negative equity (HKD -42.36 million), with liquidity pressures reflected in weak near-term liquidity ratios (current ratio 0.24, quick ratio 0.24, cash ratio 0.19). Cash and equivalents stood at HKD 13.86 million at period-end. Operating cash flow was positive at HKD 6.56 million, contributing to free cash flow of HKD 6.39 million, while cash inflows from financing activities totaled HKD -6.97 million and net debt remained substantial (net debt HKD 151.14 million). The quarter’s performance underlines a high-risk, turnaround-oriented investment profile in a muted PRC travel lodging environment, where deleveraging, cost discipline, and occupancy stabilization will be critical to material profitability improvements. Investors should monitor debt renegotiation potential, any equity dilution needs (the company issued about HKD 14.99 million in common stock during the period), and early signals of occupancy/revenue stabilization as catalysts for improvement.