香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 截至 2025 年 3 月 31 日止年度 經審核業績公佈 本年度摘要 – 本集團營運收益顯著改善 財務摘要 金山科技工業有限公司 (「本公司」) 董事局 (「董事局」) 謹公佈本公司及其附屬公司 (「本 集團」) 截至 2025 年 3 月 31 日止年度 (「本年度」) 之經審核綜合業績。 1 • 營業額為 6,851,300,000 港元，增加 5.8% • 毛利率改善 96 個基點至 29.4% • 本年度扣除財務成本及應佔聯營公司業績前溢利上升 9.9% 至 359,500,000 港元 • 本年度本公司擁有人應佔溢利為 30,400,000 港元 • 每股基本盈利為 2.9 港仙 • 負債比率為 0.98 • 董事局建議派發末期股息每股 1.0 港仙，全年股息為每股 2.5 港仙，派息率為 86.2% 業務回顧及展望 業績回顧 本年度，本集團營業額較截至 2024 年 3 月 31 日止財政 ...

Revenue and Profit Performance - Total revenue for the first half of the year reached HKD 3.5356 billion, a 7.7% increase compared to the same period last year[12] - Revenue for the six months ended September 30, 2024, increased to HKD 3,535,635 thousand, up 7.7% from HKD 3,283,720 thousand in the same period in 2023[34] - Total external sales for the six months ended September 30, 2024, were HKD 3,535.6 million, with the battery segment contributing HKD 2,780.2 million and the audio segment contributing HKD 755.4 million[53] - Revenue from the Chinese market (including Hong Kong and Mainland China) for the six months ended September 30, 2024, was HKD 1,606.6 million, representing a 10.8% increase compared to the same period in 2023[56] - Revenue from the Americas region grew by 23.7% to HKD 848.9 million for the six months ended September 30, 2024, compared to HKD 686.1 million in the same period in 2023[56] - Gross profit margin improved by 200 basis points to 29.4%, with gross profit rising to HKD 1.0388 billion[12] - Gross profit rose to HKD 1,038,756 thousand, a 15.6% increase compared to HKD 898,334 thousand in the previous year[34] - Profit before financial costs and share of associates' results (PBFCRA) increased by 59.9% to HKD 201.3 million[12] - Net profit attributable to shareholders surged by 648.3% to HKD 26.1 million, with basic earnings per share at 2.86 HK cents[12] - Net profit attributable to the company's owners surged to HKD 26,138 thousand, a significant increase from HKD 3,493 thousand in 2023[34] - Basic earnings per share improved to 2.86 HK cents, up from 0.38 HK cents in the prior year[34] - Pre-tax profit for the six months ended September 30, 2024, was HKD 121.3 million, a 64.5% increase compared to HKD 73.7 million in the same period in 2023[53] - Pre-tax profit for the six months ended September 30, 2024, was HK$26,138 thousand, compared to HK$3,493 thousand in the same period in 2023[68] - The company reported a net profit of HKD 26.14 million for the first half of 2024, compared to HKD 3.49 million in the same period of 2023[42] Business Segment Performance - Battery business revenue grew by 8.8%, while audio business revenue increased by 3.6%[12] - Battery business revenue increased by 8.8% YoY to HKD 2,780,300,000, driven by a HKD 233,400,000 increase in disposable battery sales[16] - Battery business gross margin improved from 23.4% to 25.2% due to enhanced production efficiency, improved product mix, and lower commodity prices[17] - KEF brand audio business revenue grew by 14.7% YoY, with KEF product sales increasing by 16.3% across North America, Europe, and Asia[18] - Audio business gross margin rose by 3.7% to 44.8%, supported by higher-margin KEF products[20] Costs and Expenses - Distribution expenses rose by 6.2% to HKD 431.6 million, driven by higher global shipping costs[12] - Administrative costs increased by 8.0% to HKD 468.4 million, mainly due to higher R&D expenses for next-generation rechargeable batteries[13] - The company's financial costs for the six months ended September 30, 2024, were HKD 117.2 million, a slight decrease from HKD 120.6 million in the same period in 2023[53] - Interest on bank and other loans decreased to HK$108,706 thousand in 2024 from HK$113,633 thousand in 2023[64] - Depreciation of property, plant, and equipment increased to HK$101,511 thousand in 2024 from HK$96,929 thousand in 2023[63] - The company incurred HK$2,640,000 in immediate tax expenses related to the global minimum top-up tax for the six months ended September 30, 2024[66] Assets and Liabilities - Total assets increased slightly by 0.3% to HKD 7.6 billion, while net assets grew by 1.6% to HKD 2.2 billion[2] - Total assets decreased slightly to HKD 3,875,627 thousand as of September 30, 2024, from HKD 3,923,823 thousand as of March 31, 2024[38] - Current liabilities increased to HKD 4,179,165 thousand as of September 30, 2024, compared to HKD 3,696,376 thousand as of March 31, 2024[38] - Non-current liabilities decreased to HKD 1,260,922 thousand as of September 30, 2024, from HKD 1,751,779 thousand as of March 31, 2024[40] - Equity attributable to the company's owners stood at HKD 1,104,077 thousand as of September 30, 2024, down from HKD 1,204,730 thousand as of March 31, 2024[40] - The company's total equity as of September 30, 2024, was HKD 2.19 billion, compared to HKD 2.53 billion as of September 30, 2023[42] - The company's total assets as of September 30, 2024, were HKD 2.15 billion, compared to HKD 2.72 billion as of September 30, 2023[42] - The company's current liabilities exceeded current assets by approximately HKD 426.2 million as of September 30, 2024, primarily due to the reclassification of non-current loans as current liabilities and increased repayments of capital expenditures, term loans, and loan interest[49] - The company's total current liabilities as of September 30, 2024, included bank loans, trade credits, and other loans of approximately HKD 2,240.6 million, which are due within 12 months from the reporting date[49] - Bank loan net amount increased by HKD 148,400,000 to HKD 2,397,300,000, with 69.4% being revolving or short-term loans[26] - Trade receivables and bills (net of credit loss provisions) increased to HK$1,354,680 thousand in 2024 from HK$1,023,360 thousand in 2023[73] - Accounts payable and accrued expenses rose to HK$1,763,760 thousand in 2024 from HK$1,497,036 thousand in 2023[75] - Short-term unsecured bank loans and commercial credit increased to HK$1,578,963 thousand in 2024 from HK$1,555,333 thousand in 2023[75] - Investment properties increased by HK$47,235,000 due to the reclassification of self-used properties in mainland China[69] - Capital expenditure on property, plant, and equipment was HK$109,432,000 in 2024, up from HK$33,730,000 in 2023[70] - The company recognized HK$16,110,000 in right-of-use assets and lease liabilities for new lease agreements in 2024[71] - Contingent liabilities increased to 21,895 thousand HKD as of September 30, 2024, compared to 20,218 thousand HKD as of March 31, 2024[101] - Capital commitments for property, plant, and equipment decreased to 1,067 thousand HKD as of September 30, 2024, from 2,536 thousand HKD as of March 31, 2024[101] Cash Flow and Financing - Operating activities generated a net cash inflow of HKD 122.28 million in the first half of 2024, compared to HKD 99.52 million in the same period of 2023[44] - Investment activities resulted in a net cash outflow of HKD 98.85 million in the first half of 2024, primarily due to the purchase of property, plant, and equipment amounting to HKD 108.46 million[44] - Financing activities used a net cash outflow of HKD 456.61 million in the first half of 2024, including the repayment of bank and other loans totaling HKD 358.42 million[44] - The company's cash and cash equivalents decreased by HKD 433.18 million in the first half of 2024, ending the period with HKD 833.33 million[44] - The company issued perpetual bonds through a subsidiary, raising HKD 19.42 million in the first half of 2024[44] - GP Industrial issued perpetual subordinated bonds with a total principal of $11,000,000 (approximately HK$85,400,000), with incremental costs of HK$400,000 deducted from the principal[77] - The perpetual bonds have a distribution rate of 9.5% in the first year and 8.5% in the second year, with rates reset annually thereafter[77] - GP Industrial received proceeds of $2,500,000 (approximately HK$19,400,000) from the issuance of perpetual bonds[78] - Related parties subscribed to perpetual bonds with a total principal of $4,000,000 (approximately HK$31,100,000), and a wholly-owned subsidiary of Meilong subscribed to $1,000,000 (approximately HK$7,800,000)[78] Dividends and Shareholder Information - The company declared an interim dividend of 1.5 HK cents per share, compared to no dividend in the same period last year[2] - The company declared an interim dividend of 1.5 HKD cents per share, totaling approximately 13,732,000 HKD, payable on January 8, 2025[106] - As of September 30, 2024, the company's directors and CEO held significant equity interests, with Chairman Luo Zhongrong holding 26.54% of the issued shares[108] - Directors and the President hold 85.59% equity in the subsidiary GP Industries as of September 30, 2024[110] - Director Li Yaoxiang holds $1,000 thousand in perpetual bonds of GP Industries, while Director Luo Hongze holds $2,500 thousand, out of a total issued amount of $11,000 thousand[111] - Major shareholder Tu Meimei holds 98,432,150 ordinary shares, representing 10.75% of the company's issued shares[114] - Major shareholder Wu Yijing holds 48,868,573 ordinary shares, representing 5.34% of the company's issued shares[114] - Ring Lotus Investment Limited and HSBC International Trustee Limited each hold 70,569,500 ordinary shares, representing 7.71% of the company's issued shares[114] Investments and Other Income - Other industrial investments contributed HKD 31,000,000 pre-tax, up from HKD 24,800,000 YoY, due to improved performance from Mei Long and Hui Shan Industrial[22] - The group's total equity strengthened by HKD 201,000,000 through bond issuance, property revaluation, and increased profits[24] - The company recognized a gain of HKD 11.6 million from the derecognition of a subsidiary during the six months ended September 30, 2024[58] - Other income and gains for the six months ended September 30, 2024, totaled HKD 73.2 million, slightly lower than HKD 73.5 million in the same period in 2023[58] - Government grants received by the company increased by 44.8% to HKD 27.8 million for the six months ended September 30, 2024, compared to HKD 19.2 million in the same period in 2023[58] - The fair value of financial assets classified as equity instruments measured at fair value through profit or loss was HK$538,000 as of September 30, 2024[82] - The fair value of equity instruments measured at fair value through other comprehensive income (Level 2) was HK$11,649,000 as of September 30, 2024[82] - The fair value of equity instruments measured at fair value through other comprehensive income (Level 3) was HK$43,728,000 as of September 30, 2024[82] - The fair value of equity instruments measured at fair value through other comprehensive income (Level 3) using the market approach was HK$14,373,000 as of September 30, 2024[82] - The fair value of equity instruments measured at fair value through other comprehensive income (Level 3) using a combination of asset and market approaches was HK$4,747,000 as of September 30, 2024[89] - The fair value of equity instruments measured at fair value through other comprehensive income (Level 3) using the asset approach was HK$92,300,000 as of September 30, 2024[94] - Fair value of financial assets as of September 30, 2024, was measured using income and market approaches for buildings and land, and a combination of market and cost methods for equipment and inventory[97] Corporate Governance and Board Changes - Director Zhang Dongren resigned as an executive director effective September 1, 2024[118] - Non-executive director Wu Jiahui was appointed as an independent non-executive director of Techtronic Industries Co. Ltd. (Stock Code: 669) effective October 7, 2024[118] - The board of directors includes executive directors Luo Zhongrong (Chairman and President), Li Yaoxiang (Vice Chairman and Executive Vice President), Lin Xianli, Luo Hongze, and Liu Kun, as well as non-executive director Wu Jiahui and independent non-executive directors Lu Minghua, Chen Zhicong, Chen Qibiao, and Tang Weizhang[124] - The company's audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2024[123] Miscellaneous - Sales in the Americas and Asia regions increased, while Europe experienced a decline[12] - The group plans to accelerate the sale of unused factory land and buildings in China to enhance net asset position[24] - KEF's new experience center in London and strong product pipeline are expected to boost demand for KEF speakers[30] - The group is investing in rechargeable energy storage solutions, focusing on next-generation nickel-zinc batteries for consumer and industrial applications[30] - The company's share of the performance of associates, excluding Xuan Yu Technology, was HKD 37,176 thousand, down from HKD 64,171 thousand in 2023[34] - Other comprehensive income for the period included a reclassification of exchange differences from the disposal of a subsidiary, amounting to HKD 23,204 thousand[36] - Other comprehensive income for the first half of 2024 was a loss of HKD 117.56 million, primarily due to a decrease in the investment revaluation reserve of HKD 159.71 million[42] - The company paid dividends to non-controlling interests amounting to HKD 4.08 million in the first half of 2024[44] - Sales to associates amounted to 133,437 thousand HKD for the six months ended September 30, 2024, compared to 154,704 thousand HKD for the same period in 2023[104] - Purchases from associates increased to 258,455 thousand HKD for the six months ended September 30, 2024, from 258,014 thousand HKD in the same period in 2023[104] - The company did not buy or redeem any of its listed securities during the six months ended September 30, 2024[119] - The company's issued and fully paid ordinary shares remained at 915,475 thousand shares, with a total value of 998,666 thousand HKD as of both March 31, 2024, and September 30, 2024[99]

Revenue and Profitability - The group's revenue increased by 7.7% to HKD 3,535,600,000 for the six months ended September 30, 2024[2]. - Battery business revenue rose by 8.8% to HKD 2,780,300,000, driven by a sales increase of HKD 233,400,000 in disposable batteries[10]. - The gross profit margin improved from 27.4% to 29.4%, with gross profit rising from HKD 898,300,000 to HKD 1,038,800,000[4]. - The company's profit attributable to equity shareholders surged by 648.3% to HKD 26,100,000, with earnings per share at HKD 2.86 compared to HKD 0.38 in the previous year[2][8]. - The unaudited consolidated profit for the period was HKD 81.7 million, compared to HKD 39.9 million in the same period last year, representing a growth of 104.5%[27]. - The basic earnings per share for the period was HKD 2.86, significantly up from HKD 0.38 in the previous year[27]. - The company recorded a pre-tax profit of HKD 73,729,000 for the six months ended September 30, 2024, compared to HKD 213,438,000 for the same period in 2023, indicating a significant decrease[50]. Dividends - The board declared an interim dividend of HKD 0.015 per share, compared to no dividend in the previous year[2]. - The final dividend for the year ending March 31, 2024, was HKD 0.01 per share, amounting to approximately HKD 9,155,000, paid on September 20, 2024[83]. Expenses and Costs - Distribution expenses rose by 6.2% to HKD 431,600,000, primarily due to increased global shipping costs[4]. - Administrative costs increased by 8.0% to HKD 468,400,000, mainly due to rising operational and R&D costs for the new generation of rechargeable batteries[5]. - The company incurred other expenses totaling HKD 10,646,000, compared to HKD 5,906,000 in the prior period, reflecting an increase of approximately 80.5%[47]. - Total financial costs amounted to HKD 117,175,000, slightly down from HKD 120,583,000, a decrease of approximately 2.0%[49]. Assets and Liabilities - As of September 30, 2024, total assets amounted to HKD 3,752,976,000, an increase from HKD 3,678,862,000 as of March 31, 2024, reflecting a growth of approximately 2%[31]. - The group's current liabilities exceeded current assets by approximately HKD 426.2 million, primarily due to the reclassification of non-current loans as current liabilities[21]. - Current liabilities increased to HKD 4,179,165,000 from HKD 3,696,376,000, indicating a rise of approximately 13%[36]. - The company's net asset value as of September 30, 2024, was HKD 2,188,516,000, compared to HKD 2,154,530,000 as of March 31, 2024, representing an increase of about 1.6%[33]. - The total equity attributable to owners of the company decreased to HKD 1,104,077,000 from HKD 1,204,730,000, a decline of about 8.3%[33]. Investments and Financial Instruments - The fair value of the investment in Xuan Yu Technology Group was assessed at HKD 92,300,000 as of September 30, 2024, with a recognized fair value loss of HKD 175,500,000 during the period[16]. - The fair value of financial assets classified as equity instruments at fair value through profit or loss was HKD 538,000 as of September 30, 2024, down from HKD 1,267,000 in March 2024[70]. - The fair value of financial assets and liabilities measured at fair value was HKD 92,300 thousand, a significant decrease from HKD 267,825 thousand as of March 31, 2024[74]. - The company recognized a government grant of HKD 27,788,000, up from HKD 19,185,000, representing an increase of approximately 44.8% year-over-year[46]. Business Segments - The audio business revenue grew by 14.7% to HKD 510,400,000, reflecting successful strategies to enhance market share and customer engagement[2][11]. - The audio segment generated revenue of HKD 755,388,000, up from HKD 729,458,000, reflecting a growth of about 3.5% year-over-year[44]. - The battery segment reported revenue of HKD 2,780,247,000, compared to HKD 2,554,262,000, marking an increase of approximately 8.8%[44]. Debt and Financing - As of September 30, 2024, the group's net bank loans rose by HKD 148.4 million to HKD 2,397.3 million, with a debt-to-equity ratio of 1.10, up from 1.04 on March 31, 2024[19]. - The issuance of perpetual bonds amounted to USD 11,000,000 (approximately HKD 85,400,000), with an initial distribution rate of 9.5% for the first year[66]. - The group reported unsecured short-term bank loans and commercial credit of HKD 1,578,963,000 as of September 30, 2024, slightly up from HKD 1,555,333,000 in March 2024[63]. Market Outlook and Strategy - The group anticipates stable demand for battery products, while the demand for electronic and audio products may grow slowly due to ongoing global economic challenges[22]. - The opening of KEF's experience center in London is expected to enhance demand for KEF speakers, supported by strong product plans and expanded distribution channels[22]. - The group plans to accelerate the sale of non-core assets, including vacant land and buildings, to strengthen its capital structure and liquidity[24]. - The group is increasing investments in rechargeable energy storage solutions for large data centers and smart cities, focusing on the development of next-generation nickel-zinc batteries[22]. Related Party Transactions - The company recognized related party transactions involving the subscription of perpetual bonds amounting to HKD 7,767 thousand and HKD 19,415 thousand from directors[80]. - The group sold goods to associates amounting to HKD 133,437,000 for the six months ended September 30, 2024, compared to HKD 154,704,000 in the same period of 2023, representing a decrease of approximately 13.7%[81]. - Purchases from associates totaled HKD 258,455,000 for the six months ended September 30, 2024, slightly up from HKD 258,014,000 in the previous year, indicating a marginal increase of 0.2%[81]. - Management fee income from associates was HKD 1,889,000 for the six months ended September 30, 2024, down from HKD 2,741,000 in the same period of 2023, reflecting a decrease of approximately 30.9%[81]. Governance and Compliance - The company has complied with the corporate governance code, with the roles of chairman and CEO being separated, although the current structure is deemed appropriate by the board[86]. - The audit committee, consisting of four independent non-executive directors and one non-executive director, reviewed the unaudited consolidated financial statements for the six months ended September 30, 2024[87].

Gold Peak 60th Anniversary Over the span of 60 years, Gold Peak has continuously thrived as a leading force in the realm of power and sound, ceaselessly pushing the boundaries of innovation and development. Our dedication extends beyond customer satisfaction, as we are deeply commited to nurturing a sustainable lifestyle and implementing eco-friendly manufacturing practices for the goodwill of our planet. 金山科技六十週年 60年以來，金山科技作為電池 和音響領域的領導者，一直持續 推動創新與發展。我們的專注不限 於令顧客稱心滿意，更致力培養 可持續生活方式，落實環保生產， 為保護地球出一分力。 Batery ...

Financial Performance - The company's revenue for the fiscal year ending March 31, 2024, was HKD 6,476,000,000, a decrease of 1.6% compared to HKD 6,581,000,000 in the previous year[3][24]. - The profit attributable to the company's owners was a loss of HKD 367,300,000, compared to a profit of HKD 36,900,000 in the previous year[6][11]. - The company reported a full-year loss of HKD 341,860,000 for the year ending March 31, 2024, compared to a profit of HKD 86,237,000 for the previous year[25]. - The group reported a loss attributable to owners of the company of HKD 367,329,000 for the year, compared to a profit of HKD 36,930,000 in the previous year, resulting in a basic loss per share of HKD 0.401[97]. - The company reported a basic loss per share of HKD 0.401, compared to earnings of HKD 0.04 per share in the previous year[6][24]. - The company recorded a total income of HKD 150,708,000 for the year ending March 31, 2024, down from HKD 263,400,000 in the previous year, indicating a decline of approximately 42.8%[147]. Cost and Expenses - Gross profit margin improved from 26.6% to 28.5%[2]. - The operating profit before financial costs and share of associates was HKD 327,100,000, up from HKD 167,600,000 in the previous year[3][10]. - Distribution costs increased by 2.0% to HKD 845,700,000, while administrative expenses decreased by 6.3% to HKD 812,100,000[8]. - Other operating expenses decreased significantly by HKD 141,400,000 to HKD 9,400,000, mainly due to one-time impairment losses in the previous year[9]. - The group's financial costs increased to HKD 248,541,000 in the year ended March 31, 2024, from HKD 205,293,000 in 2023[118]. Business Segments - Sales in the battery business decreased by 1.7%, amounting to a reduction of HKD 83,000,000, primarily due to declines in Europe and Asia[7][12]. - The battery business revenue was HKD 840,900,000, a decline of 3.4% year-over-year, while the gross profit margin improved from 21.2% to 24.2%[37][38]. - The sound division generated revenue of HKD 1,580,293,000, while the battery division generated HKD 4,896,113,000, showing a decrease in both segments compared to the previous year's figures of HKD 1,601,954,000 and HKD 4,979,072,000 respectively[94]. Investments and Financial Position - The company incurred a loss of HKD 408,700,000 from its investment in Xuan Yu Technology, including an impairment loss of HKD 386,300,000, compared to a profit of HKD 17,800,000 last year[35][45]. - The company plans to closely monitor the financial situation of its associate, Xuan Yu Technology, which is facing financial difficulties and exploring restructuring options[18][23]. - The group has approximately HKD 2,488,000,000 in available bank standby credit to meet its financial obligations in the foreseeable future[81]. - The group’s total assets decreased from HKD 4,408,605,000 to HKD 3,923,823,000 year-over-year[26]. - The net asset value dropped from HKD 2,722,762,000 to HKD 2,154,530,000[27]. Market Conditions and Future Outlook - The company anticipates ongoing challenges due to global economic conditions, including high inflation and interest rates, which may impact consumer spending on electronic and audio products[21]. - High interest rates are anticipated to significantly increase the group's financing costs, prompting the development of alternative financing channels for future business expansion[72]. - The recent strengthening of the USD against the RMB may alleviate some cost pressures and enhance pricing flexibility[48]. - The company plans to focus on producing consumer batteries and promoting its GP brand products in the global consumer market[49]. Regulatory and Compliance - The group has assessed the impact of pillar two tax legislation on its operations, with all jurisdictions meeting transitional country-by-country reporting safe harbor standards except for Poland and Vietnam[61]. - The group is subject to the OECD's Pillar Two model rules, with relevant legislation enacted in several jurisdictions, including Germany, Japan, and the UK, effective from January 1, 2024[85]. - The group has not recognized any tax risks related to the Pillar Two legislation as it has not yet come into effect for the fiscal year ending March 31, 2024[85]. Shareholder Information - The company proposed a final dividend of HKD 0.01 per share for the year ending March 31, 2024, compared to no dividend in the previous year[143]. - The company will suspend share transfer registration from September 11, 2024, to September 12, 2024, to determine shareholders eligible for the final dividend[152]. - All transfers must be submitted to the company's share transfer registration office by September 10, 2024, at 4:30 PM to qualify for the final dividend[152].

Financial Performance - The group's revenue for the six months ended September 30, 2023, was HKD 3,284,000,000, a decrease of 2.6% compared to HKD 3,373,000,000 in the same period last year[9]. - Profit for the period was HKD 39,900,000, down 64% from HKD 110,900,000 in the previous year[9]. - Profit attributable to the company's owners was HKD 3,500,000, a decrease of 95.4% from HKD 75,700,000 in the same period last year[9]. - The earnings per share were HKD 0.38, compared to HKD 8.27 in the previous year[12]. - Other income decreased by 68.3% to HKD 73,500,000 from HKD 231,500,000 in the previous year, with no one-time gains recorded in the current period[13]. - The gross profit margin improved from 25.5% to 27.4%, despite the decline in revenue, resulting in a gross profit increase of 4.6% to HKD 898,300,000[10][11]. - The revenue for the battery business in the first half of the year was SGD 438.9 million, a decrease of 5.5% compared to the same period last year[20]. - KGG Group's revenue was SGD 125.3 million, down 4.3% from SGD 130.9 million in the same period last year[20]. - The professional speaker manufacturing business saw a revenue increase of 13.7%, primarily due to a 20.1% increase in sales in North and South America[20]. - The company's pre-tax profit for the six months was HKD 73,729,000, down 43.3% from HKD 130,120,000 in the previous year[59]. Expenses and Costs - Administrative expenses decreased by 6.6% to HKD 433,500,000, primarily due to workforce reduction and cost control measures[13]. - Financial costs increased by 41.5% to HKD 120,600,000, reflecting rising global interest rates[14]. - Total financial costs rose to HKD 120,583,000, up 41.5% from HKD 85,221,000 in the previous year[58]. - The company incurred other expenses and losses totaling HKD 5,906,000, a decrease of 88.5% from HKD 51,331,000 in the prior period[57]. - The company invested approximately HKD 33,730,000 in property, plant, and equipment, a significant reduction from HKD 159,445,000 in the same period last year[63]. Cash Flow and Assets - Cash generated from operating activities was HKD 99,521, compared to a cash outflow of HKD 6,188 in the previous year[41]. - Total assets decreased to HKD 3,494,153 from HKD 3,859,460 as of March 31, 2023[38]. - The company reported a cash and cash equivalents balance of HKD 914,756, down from HKD 1,277,888 at the beginning of the period[41]. - The company's total assets as of September 30, 2023, were HKD 2,722,762,000, compared to HKD 3,217,552,000 a year earlier, indicating a decrease of approximately 15.4%[42]. - Accounts receivable from customer contracts increased to HKD 1,153,755 thousand as of September 30, 2023, up from HKD 986,573 thousand on March 31, 2023, reflecting a growth of approximately 17%[66]. - The aging analysis of accounts receivable shows that amounts overdue by 0-60 days rose to HKD 1,024,241 thousand, a 35% increase from HKD 760,577 thousand[66]. Liabilities and Equity - The group's net bank loans increased by HKD 77 million to HKD 2.317 billion, with a debt-to-equity ratio of 0.92 as of September 30, 2023[22]. - The group has 86% of its bank loans classified as current liabilities, indicating a significant portion due within one year[22]. - Current liabilities increased to HKD 4,465,143 from HKD 4,236,125, resulting in a negative net current liabilities of HKD 970,990[39]. - The company's retained earnings decreased to HKD 982,304,000 from HKD 1,028,285,000 year-over-year, a reduction of approximately 4.5%[42]. - The company's total liabilities decreased to HKD 2,782,919 thousand from HKD 2,474,487 thousand, indicating a reduction of approximately 11%[69]. Dividends and Shareholder Information - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2023[12]. - The company paid dividends to non-controlling interests amounting to HKD 43,796,000 during the reporting period[42]. - Major shareholders as of September 30, 2023, included Tu Meimei with 10.75% and Wu Qianhui with 5.34% of the issued shares[90]. - The total number of issued and fully paid ordinary shares was 915,475 thousand shares, with a total value of 998,666 thousand HKD[77]. Governance and Compliance - The company has complied with the corporate governance code as per the listing rules, except for the separation of roles between the Chairman and CEO, which is held by Mr. Luo Zhongrong[94]. - All directors have adhered to the standards set forth in the securities trading code during the six-month period ending September 30, 2023[95]. - An audit committee has been established to review and monitor the group's financial reporting and internal controls, consisting of 4 independent non-executive directors and 1 non-executive director[97]. - The board of directors includes a mix of executive and independent non-executive members, ensuring a balanced governance structure[98].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 2023/2024 年度未經審核中期業績公佈 （截至 2023 年 9 月 30 日止六個月） 金山科技工業有限公司（「本公司」）董事局（「董事局」）謹公佈本公司及其附屬公 司（「本集團」）截至2023年9月30日止六個月之未經審核綜合業績。 摘要 • 營業額為 3,284,000,000 港元，減少2.6%。 • 本期間溢利為 39,900,000 港元，減少64%。 • 本公司擁有人應佔溢利為 3,500,000 港元，減少95.4%。 • 每股盈利為 0.38港仙（2022/23年 : 8.27港仙）。 • 董事局不建議派發截至2023年9月30日止六個月之中期股息（2022/23年 : 無）。 ...

Financial Performance - The turnover for the financial year 2022-2023 amounted to HK$6.6 billion[20] - The total revenue for the financial year 2022-2023 amounted to HK$6.581 billion, a decrease of 7.9% from HK$7.146 billion in 2021-2022[31] - The total profit for the year was HK$36.9 million, down 76.5% from HK$156.9 million in the previous year[31] - Earnings per share decreased to 4.0 Hong Kong cents, compared to 19.8 Hong Kong cents in 2022, reflecting a decline of 79.8%[31] - Profit before taxation fell to HK$100.4 million, down from HK$264.9 million, indicating a decrease of about 62.1%[47] - The Group's total profit attributable to owners decreased from HK$156.9 million in FY2022 to HK$36.9 million in FY2023[102] - The Group's revenue for FY2023 was HK$6,581.0 million, a decline of HK$480.6 million or 6.8% compared to FY2022[94] - The Group's profit margin has been under relentless pressure due to prevailing economic headwinds[54] Assets and Liabilities - Total assets exceeded HK$8.2 billion as of the end of the financial year[20] - Total assets as of March 31, 2023, were HK$8.268 billion, down from HK$9.374 billion in 2022, representing a decrease of 11.8%[31] - The Group's net current liabilities decreased primarily due to proceeds from the sale of subsidiaries and financing arrangements, including the issuance of future equity simple agreements and new long-term loans raised during the year[128] - The Group's net bank borrowings decreased, and it has sufficient resources to settle current liabilities as they fall due, supported by proceeds from disposals and financing arrangements[125] Workforce and Operations - The company employs over 6,650 staff worldwide[27] - The workforce decreased to 6,650 employees from 7,050 in the previous year, reflecting a reduction in operational scale[31] - Capital expenditure for the year was HK$292.8 million, slightly down from HK$302.7 million in 2022[31] - The manufacturing capacity rebalancing project was mostly completed in FY2023, leading to improved manufacturing efficiency and economies of scale expected in FY2024[151] Research and Development - The company emphasizes R&D in new rechargeable battery technology and B2B battery business[19] - The company continues to invest in R&D for battery technologies with improved performance and sustainability features[28] - Research and development expenditures increased by 30%, amounting to HKD 150 million, aimed at enhancing product innovation[175] - The Group is focusing on R&D for sustainable battery products, including Nickel Metal Hydride batteries with recycled materials[78][82] Sustainability Initiatives - The company aims to become a leader in providing energy and sound solutions with a focus on sustainability[23] - New eco-friendly paper packaging has been introduced for GP Alkaline batteries[26] - The Group is focusing on sustainability, with over 10% recycled materials used in selected rechargeable battery models and a commitment to eliminate plastics in packaging[76] - Six plants in Malaysia, Vietnam, and China achieved Zero Waste to Landfill Gold Validation, reflecting the Group's commitment to green production[72][74] - The Group's battery facilities have extended the use of renewable energy, with six plants committed to reducing emissions and waste, achieving Zero Waste to Landfill Gold Validation[135] Market and Sales Performance - Major product categories include GP Alkaline batteries, GP Recyko rechargeable batteries, KEF premium acoustic products, and Celestion professional speakers[19] - Sales performance of Celestion is improving as demand for professional sound equipment rises with the resumption of large-scale music events[70] - Approximately 75.7% of FY2023 revenue was from the Batteries Business, while 24.3% came from the Electronics and Acoustics Business[95] - The battery business revenue fell by 7.5% to S$87.01 million, with sales of disposable and rechargeable batteries decreasing by 6.2% and 15.5% respectively, and regional sales dropping by 17.5% in the Americas, 13.4% in Europe, and 1.4% in Asia[110] Strategic Initiatives - A new subsidiary, KEF GP Group Limited, was established to enhance brand development and market growth, including the opening of experience centers in major cities[54] - The Group's strategies include strengthening social media marketing and e-commerce capabilities to support global distribution[54] - The introduction of innovative new products remains a core long-term strategy, with a focus on operational excellence and efficiency improvements across manufacturing and distribution[155] - The company is exploring strategic acquisitions to bolster its supply chain efficiency, with a budget of HKD 300 million allocated for potential deals[175] Challenges and Economic Factors - The Group faced significant challenges due to high material costs, reduced consumer demand, and increased interest rates, impacting sales and profitability[51] - The overall economic slowdown and credit tightening in the market have further compounded the challenges faced by the Group[54] - High interest rates have significantly increased the Group's finance costs, prompting management to consider equity financing to reduce borrowing levels and finance costs[150] - Challenges from high interest rates and shortages of electronic components are expected to persist, affecting inventory optimization and working capital requirements[153]

Financial Performance - The turnover for the financial year 2022-2023 amounted to HK$6.6 billion[20] - The total revenue for the financial year 2022-2023 amounted to HK$6.581 billion, a decrease of 7.9% from HK$7.146 billion in 2021-2022[31] - The total profit for the year was HK$36.9 million, down 76.5% from HK$156.9 million in the previous year[31] - Earnings per share decreased to 4.0 Hong Kong cents, compared to 19.8 Hong Kong cents in the prior year, reflecting a decline of 79.8%[31] - Profit before taxation fell to HK$100.4 million, down from HK$264.9 million, indicating a decrease of about 62.1%[47] - The Group's total profit attributable to owners decreased from HK$156.9 million in FY2022 to HK$36.9 million in FY2023[102] - The Group's revenue for FY2023 was HK$6,581.0 million, a decline of HK$480.6 million or 6.8% compared to FY2022[94] - The profit attributable to owners of the Company was adjusted from HK$X billion to HK$Y billion due to the reclassification of financial statements following acquisitions[136] Assets and Liabilities - Total assets exceeded HK$8.2 billion as of the end of the financial year[20] - Total assets as of March 31, 2023, were HK$8.268 billion, down from HK$9.374 billion in 2022, representing a decrease of 11.8%[31] - The Group's current liabilities decreased to HK$4,236.1 million from HK$5,107.0 million, a reduction of approximately 17.0%[47] - The Group's net bank borrowings decreased by HK$XX million, with a borrowing ratio calculated based on consolidated net bank borrowings to shareholders' funds[124] - The Group's net current liabilities decreased primarily due to proceeds from the sale of subsidiaries and financing arrangements, including the issuance of future equity simple agreements and new long-term loans raised during the year[128] Workforce and Operations - The company employs over 6,650 staff worldwide[27] - The workforce decreased to 6,650 employees from 7,050 in the previous year, reflecting a reduction in operational scale[31] - Capital expenditure for the year was HK$292.8 million, slightly down from HK$302.7 million in the previous year[31] Research and Development - The company emphasizes R&D in new rechargeable battery technology and B2B battery business[19] - The company continues to invest in R&D for battery technologies with enhanced performance and sustainability features[28] - The Group is focusing on R&D for Nickel Metal Hydride batteries with recycled materials and new alloy materials for extreme temperature performance[78][82] - Investment in R&D increased by 30%, focusing on sustainable energy solutions and battery technology advancements[175] Sustainability Initiatives - The company aims to lead in providing energy and sound solutions with a focus on sustainability[23] - New eco-friendly paper packaging has been introduced for GP Alkaline batteries[26] - The Group is committed to sustainability, with six plants achieving Zero Waste to Landfill Gold Validation and solar panels installed in manufacturing facilities[72][74] - Over 10% of recycled materials are currently used in selected rechargeable battery models, with plans to expand this application[76] - The Group aims to minimize its carbon footprint and enhance green production through increased investments in sustainable practices[86][89] Market and Product Development - Major product categories include GP Alkaline batteries, GP Recyko rechargeable batteries, KEF premium acoustic products, and Celestion professional speakers[19] - A new subsidiary, KEF GP Group Limited, was established to enhance brand development and market growth, including the opening of experience centers in major cities[54] - The partnership with Lotus resulted in the launch of the KEF x Lotus home audio product, LS60 Wireless Lotus Edition, in March 2023, with further rollouts planned from July[69] - Sales performance of Celestion is improving as demand for professional sound equipment rises with the resumption of large-scale music events[70] - KEF's LS60 Wireless music system received positive market response, enhancing the Group's innovation capabilities[79][82] - The company plans to expand its market presence in Asia Pacific, targeting a 25% increase in market share by 2025[175] Challenges and Strategic Responses - The Group faced significant challenges due to high material costs, reduced consumer demand, and increased interest rates, impacting sales and profitability[51] - To mitigate rising interest costs, the Group has shifted towards more equity financing for business expansion[54] - The overall economic slowdown and credit tightening have further pressured the Group's profit margins[54] - Business activities increased as countries reopened, but inflation and high interest rates suppressed consumer spending, slowing demand for battery products in FY2023[149] - High interest rates significantly increased the Group's finance costs, prompting management to consider equity financing for future expansions to reduce borrowing levels[150] Corporate Governance - The company has maintained compliance with the Corporate Governance Code throughout the financial year ended March 31, 2023, except for deviations from code provision C.2.1[199] - The Board of Directors focuses on the overall strategic development and financial performance monitoring of the Group[200] - The Board consists of six executive directors, one non-executive director, and four independent non-executive directors as of March 31, 2023[197]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 2022/2023 年度全年業績公佈 財務摘要 • 持續經營業務營業額下跌6.8% 至6,581,000,000 港元 • 本公司擁有人應佔全年溢利減少76.5% 至36,900,000 港元 • 毛利率增加0.7 % 至26.6% • 每股盈利為 4.0港仙（2021/22年 : 19.8港仙） • 董事局不建議派發末期股息 (2021/22年：無) 金山科技工業有限公司 (「本公司」) 董事局 (「董事局」) 謹公佈本公司及其附屬公司 (「本 ...