资金流向方面，今日主力资金净流入7672.84万元，占比成交额8.09%。其中，超大单净流入8093.71万 元、占成交额8.54%，大单净流出420.87万元、占成交额0.44%，中单净流出流出1713.19万元、占成交 额1.81%，小单净流出5959.65万元、占成交额6.29%。 天府文旅最新一期业绩显示，截至2024三季报，公司营业总收入1.34亿元、同比减少37.17%，归属净利 润884.21万元，同比增长6.59%，扣非净利润1311.59万元，同比增长35.96%，流动比率1.273、速动比率 0.949、资产负债率39.08%。 天府文旅（000558）3月24日主力资金净流入 7672.84万元 金融界消息 截至2025年3月24日收盘，天府文旅（000558）报收于3.76元，上涨9.94%，换手率 19.76%，成交量254.59万手，成交金额9.48亿元。 通过天眼查大数据分析，成都新天府文化旅游发展股份有限公司共对外投资了39家企业，参与招投标项 目12次，知识产权方面有商标信息1条，专利信息1条，此外企业还拥有行政许可60个。 来源：金融界 天眼查商业履历信息显示，成都新天府文 ...

Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 199,197,000, an increase of 7.4% compared to HKD 185,114,000 for the same period in 2023[1] - Gross profit for the same period was HKD 43,468,000, significantly up from HKD 6,497,000 in 2023, indicating a substantial improvement in profitability[2] - The company reported a loss before tax of HKD 39,534,000, a reduction of 42.8% from a loss of HKD 68,893,000 in the previous year[2] - The net loss attributable to the owners of the company for the period was HKD 40,056,000, down from HKD 57,287,000 in 2023, reflecting a 30.1% improvement[3] - The company reported a total comprehensive loss of HKD 73,208,000 for the six months ended June 30, 2024, compared to a loss of HKD 57,287,000 for the same period in 2023[6] - Basic loss per share for the six months ended June 30, 2024, was HKD 40,056, compared to HKD 57,287 for the same period in 2023[25] Revenue Breakdown - The total revenue for the six months ended June 30, 2024, was HKD 199,197,000, an increase of 7.4% from HKD 185,114,000 in the same period of 2023[14] - Revenue from manufacturing and sales increased to HKD 177,671,000, up from HKD 165,539,000, reflecting a growth of 7.3%[10] - Revenue from the music and entertainment segment rose to HKD 1,814,000, compared to HKD 1,408,000, marking a growth of 28.8%[10] - The company’s revenue from the Hong Kong market was HKD 70,384,000, an increase from HKD 68,965,000, reflecting a growth of 2.0%[11] - Revenue from the China market was HKD 88,989,000, slightly up from HKD 88,442,000, indicating a growth of 0.6%[11] Assets and Liabilities - Cash and cash equivalents increased to HKD 120,175,000 from HKD 99,494,000, representing a 20.7% rise[4] - Total assets as of June 30, 2024, were HKD 800,936,000, compared to HKD 690,423,000 at the end of 2023, marking a 15.9% increase[4] - Current liabilities rose to HKD 367,768,000 from HKD 266,696,000, indicating a 37.8% increase[5] - The company's net asset value decreased to HKD 674,313,000 from HKD 722,802,000, a decline of 6.7%[5] - Total liabilities increased to HKD 452,773,000 from HKD 345,352,000, representing a rise of 31.1%[16] Operational Efficiency - The company reported a significant reduction in selling and distribution expenses to HKD 12,677,000 from HKD 16,341,000, a decrease of 22.1%[2] - The manufacturing and sales business reported a loss of HKD 8,617,000, compared to a loss of HKD 50,246,000 in the previous year, indicating an improvement in performance[14] - Gross margin for the manufacturing and sales business increased by 19.8% to approximately 17.9%, attributed to cost-saving measures and reduced material consumption[44] Investments and Development - The group acquired properties, plants, and equipment worth approximately HKD 546,000 for the six months ending June 30, 2024, compared to HKD 1,300,000 for the same period in 2023[26] - The total value of properties held for sale and under development increased to HKD 333,346,000 as of June 30, 2024, from HKD 258,459,000 as of December 31, 2023[28] - The company has begun pre-sales of properties under development, collecting deposits from customers as part of its sales agreements[37] - The company is actively seeking potential property development and management projects in China[53] Corporate Governance - The audit committee consists of one non-executive director and two independent non-executive directors, who reviewed accounting policies and discussed the group's audit, internal controls, risk management, and financial reporting matters[71] - The board acknowledges the importance of good corporate governance practices in maintaining and enhancing shareholder value and investor confidence[74] - The group's interim results for the period are unaudited but have been reviewed by the audit committee and the group's auditor, Deloitte[75] Future Outlook - The company plans to allocate resources to expand its music licensing business and invest in music performances in overseas markets and the Greater Bay Area[46] - The company plans to enhance sales and marketing efforts for the industrial park, including organizing more visits for potential clients and providing additional sales incentives to property agents[53] - The group plans to continue allocating more resources to expand and develop sales teams in Hong Kong, overseas, and China to optimize the product portfolio and provide more value-added services[58]

Economic Challenges - The Group faced significant challenges in various business segments, with the US import market declining by double digits during the year[12]. - A conservative approach will be maintained to address global economic challenges, including geopolitical issues and rising interest rates[18]. - The overall economic environment, including the impact of the Ukraine war, has led to increased logistics costs and changes in customer procurement strategies[12]. - The Group expects to face challenges in 2024 due to economic and political uncertainties, which may negatively impact customer purchasing power, particularly in the Manufacturing and Sales Business and Trading Business[115][118]. Business Performance - Total revenue for the year was approximately HK$548.7 million, an increase of 22.1% from HK$449.4 million in 2022[24]. - Gross profit margin decreased to approximately 16.1% from 21.0% in the previous year[24]. - The Lending Business generated revenue of approximately HK$5.7 million, a 49.9% increase from HK$3.8 million in 2022[38]. - The Property Development Business contributed approximately HK$160 million in revenue from the delivery of industrial buildings[24]. - The Manufacturing and Sales Business revenue decreased to approximately HK$346.6 million, representing 63.2% of total revenue, down from 91.6% in 2022[27]. - The revenue from the music and entertainment segment increased by approximately 4.7% to about HK$4.0 million, with over 60% derived from musical work licensing income[51]. Financial Position - The Group's total borrowings as of December 31, 2023, amounted to approximately HK$163.4 million, a decrease from approximately HK$195.9 million as of December 31, 2022[103][107]. - The current ratio as of December 31, 2023, was 2.6 times, down from 3.0 times in the previous year, primarily due to an increase in contract liabilities of approximately HK$27.1 million[104][102]. - The gearing ratio decreased from 24.9% in 2022 to 22.6% in 2023, attributed to a reduction in total borrowings[104][102]. - The Group's cash and cash equivalents as of December 31, 2023, were approximately HK$196.1 million, slightly down from approximately HK$200.9 million in 2022[104][105]. Corporate Governance - The Company complied with the Corporate Governance Code throughout the year, with no incidents of non-compliance noted[163]. - The Board comprises eight members, including two executive directors, three non-executive directors, and three independent non-executive directors, ensuring a balance of expertise and experience[165]. - The Company is committed to enhancing its corporate governance practices in line with the latest developments[162]. - The Company appointed Ms. SIN Chui Pik, Christine on 28 September 2023, restoring compliance with multiple Listing Rules[179]. Strategic Initiatives - The Group has implemented restructuring measures to enhance efficiency and resilience, which will continue to be intensified in 2024[17]. - The Group aims to focus on sustainability through diversification and dedication to core businesses[17]. - The Group plans to extend its supply chain to better meet changing customer demands[17]. - The Group plans to enhance its procurement ability and production efficiency to reduce overall production costs in the Manufacturing and Sales Business, amidst intensified competition in the domestic market[117][120]. Property Development - As of December 31, 2023, Zhongda Qingyuan has completed approximately 79% of the construction work for the first stage of the Zhongxing Industrial Park, which includes 20 industrial buildings with a total gross floor area of approximately 139,000 sq. m.[68]. - The total construction area of the Zhongxing Industrial Park is approximately 165,000 sq. m., with around 70% completed as of the report date[69]. - The Group has provided financial guarantees of approximately HK$134 million related to transitional guarantees for mortgage loans to purchasers of the industrial buildings[75]. - The Group has signed provisional sales agreements for industrial buildings with a total gross floor area of approximately 27,000 sq. m, expecting delivery to purchasers in 2024[130]. Employee and Operational Changes - The Group's total staff costs for the year were approximately HK$174.2 million, compared to HK$189.6 million in 2022, with a reduction in full-time employees from approximately 1,190 to 1,000[153]. - As of December 31, 2023, the Group had approximately 1,000 full-time employees, a decrease from about 1,190 employees as of December 31, 2022[157]. - Directors are encouraged to attend external seminars and training programs at the Company's expense to stay updated on legal, regulatory, and market changes[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 548,688,967, an increase of 22.1% compared to HKD 449,403,342 in 2022[2] - Gross profit for 2023 was HKD 88,347,519, down from HKD 94,285,660 in 2022, representing a decrease of 6.3%[3] - The company reported a net loss of HKD 82,071,950 for 2023, compared to a loss of HKD 2,401,214 in 2022, indicating a significant increase in losses[4] - Basic loss per share for 2023 was HKD 32.35, compared to HKD 0.77 in 2022[4] - The company reported a total comprehensive loss of HKD 65,334,885 for the year ended December 31, 2023, which includes a loss of HKD 81,961,487 from operations[8] - The company reported a loss of HKD 7,355,103 in 2023, compared to a profit of HKD 2,650,146 in 2022[37] - The total loss before tax for the year was HKD 74,716,847, compared to a loss of HKD 5,051,360 in the previous year[26] - Total other income and losses for 2023 amounted to a loss of HKD 7,116,401, compared to a gain of HKD 68,716,756 in 2022[87] Assets and Liabilities - Non-current assets decreased to HKD 377,731,354 in 2023 from HKD 381,987,711 in 2022, a decline of 1.3%[6] - Current assets decreased to HKD 690,422,827 in 2023 from HKD 761,772,899 in 2022, a decline of 9.3%[6] - Total liabilities increased to HKD 345,655,094 in 2023 from HKD 355,619,813 in 2022, an increase of 2.8%[7] - The company's total equity attributable to owners decreased to HKD 726,639,362 as of December 31, 2023, down from HKD 791,974,247 at the beginning of the year[8] - The company's cash and cash equivalents decreased to HKD 99,493,689 in 2023 from HKD 125,297,011 in 2022, a decrease of 20.6%[6] - The group's total assets as of December 31, 2023, amounted to HKD 1,068,154,181, while total liabilities were HKD 345,352,094[29] Revenue Breakdown - The lending business generated revenue of HKD 5,672,580 in 2023, up from HKD 3,784,531 in 2022, marking a growth of 50.0%[26] - The manufacturing and sales business reported a revenue decline to HKD 346,642,843 in 2023 from HKD 411,781,643 in 2022, a decrease of about 15.8%[26] - The property development business achieved revenue of HKD 160,429,227 in 2023, with a profit of HKD 11,569,298, compared to a loss of HKD 11,870,601 in 2022[26] - Revenue from property sales reached HKD 160,429,227 in 2023, while there was no revenue from this segment in 2022[31] - Revenue from external customers in China increased significantly to HKD 353,542,293 in 2023, up 52.7% from HKD 231,688,354 in 2022[34] - The music and entertainment business generated revenue of HKD 3,985,706 in 2023, slightly up from HKD 3,806,067 in 2022, with a stable loss of around HKD 3,447,739[26] - The trading business reported revenue of HKD 29,174,721 in 2023, an increase from HKD 27,837,042 in 2022, with a loss of HKD 2,306,067[26] Operational Changes - The company transferred HKD 38,512,183 from property, plant, and equipment to investment properties, reflecting a strategic shift in asset allocation[8] - The company plans to disclose information related to the OECD's Pillar Two tax reform in future financial statements once applicable legislation is enacted[17] - The company continues to monitor the impact of international tax reforms on its financial reporting and tax liabilities[17] - The company plans to continue expanding its customer base and enhancing its lending and trading businesses[56] - The company will continue to hire more overseas sales agents and participate in trade fairs to reach new customers in 2024[94] - The company plans to expand its lending business cautiously while collaborating with other lending companies to attract new customers[93] Investments and Future Plans - The company is developing an industrial park on a land area of approximately 208,000 square meters in Qingyuan, China, which includes multiple industrial and commercial buildings[73] - The company plans to initiate enforcement procedures to auction the Qingyuan land parcel, with shareholder approval obtained for this action[71] - The group anticipates delivering properties in the Zhongxing Industrial Park, with a total construction area of approximately 27,000 square meters, to buyers in 2024[99] - The group has signed joint venture agreements with two independent third parties to promote overseas concert activities, expecting to invest in more performances in regions like the UK and the Greater Bay Area of China[97] Financial Management - The company incurred a tax expense of HKD 7,355,103 in 2023, which included HKD 4,474,177 for land appreciation tax in China[37] - The company did not declare or recommend any dividends for the years ending December 31, 2023, and 2022[45] - The board of directors did not recommend a final dividend for the year, consistent with the previous year[114] - The audit committee, consisting of two independent non-executive directors and one non-executive director, reviewed the group's annual performance and consolidated financial statements[118] - Deloitte has audited the group's consolidated financial statements for the year and issued an unqualified opinion report[120] Employee and Operational Efficiency - The total employee cost for the year was approximately HKD 174.2 million, down from HKD 189.6 million in the previous year, with a workforce of about 1,000 full-time employees[110] - The group plans to enhance operational efficiency by streamlining production processes to reduce waste and improve profitability in the printing industry[96] - The manufacturing and sales business will focus on enhancing procurement capabilities and production efficiency to reduce overall production costs[94] - The company will invest in new equipment for its expanded production lines to improve efficiency and reduce labor costs[94] Market Conditions and Challenges - The company anticipates facing various challenges in 2024 due to global economic and political uncertainties, particularly between China and other countries[91] - Increased awareness of sustainable development is expected to create new opportunities for environmentally friendly products and printing solutions in 2024[91]

(Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) Stock Code 股份代號: 00055 Interim Report 中期報告 2023 Units Nos. 1103 and 1105-1111, Level 11, CORPORATE INFORMATION BOARD OF DIRECTORS Executive directors: Tower 2, Grand Century Place, 193 Prince Edward Road West, Mongkok, Kowloon, Hong Kong 香港九龍旺角太子道西193號 新世紀廣場2期 11 樓 1103室及1105-1111室 Tel 電話：(852) 2669 6111 Fax 傳真：(852) 2677 6556 Website 網址：www.newaygroup.com.hk 中星集團控股有限 公 司 Neway Group Holdings Limited Mr. SUEK Ka Lun, Ernie (Chairman) Mr. SUEK Ch ...

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告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 NEWAY GROUP HOLDINGS LIMITED * 中 星 集 團 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） 00055 （股份代號： ） 集團中期業績 Neway Group Holdings Limited * 中星集團控股有限公司（「本公司」）董事（「董事」）會 （「董事會」）公佈本公司及其附屬公司（「本集團」）截至二零二三年六月三十日止六 個月（「本期」）之未經審核簡明綜合業績，連同去年同期之比較數字如下： 簡明綜合損益及其他全面收入報表 截至二零二三年六月三十日止六個月 截至下列日期止六個月 二零二三年 二零二二年 附註 六月三十日 六月三十日 ...

Financial Performance - Total revenue for the year was approximately HK$449.4 million, a decrease of 28.0% from HK$623.6 million in 2021, while the gross profit margin improved to 21.0% from 17.4%[23][25]. - Revenue from the Manufacturing and Sales Business decreased by approximately 29.0% to HK$411.8 million, with a segment loss of approximately HK$6.6 million[36]. - The Music and Entertainment Business generated revenue of approximately HK$3.8 million, a slight decrease from HK$4.4 million in 2021[26]. - The Trading Business contributed approximately HK$27.8 million to total revenue, representing 6.2% of the Group's revenue[26]. - Revenue from manufacturing and sales of printed products decreased by approximately 28.8% to HK$411.8 million compared to HK$578.4 million in 2021[40]. - The segment loss for manufacturing and sales of printed products was approximately HK$6.6 million, an improvement from a loss of approximately HK$10.6 million in 2021[42]. - The gross profit margin increased by 2.9 percentage points to approximately 19.3% for the year, up from approximately 16.4% in 2021[42]. - The Music and Entertainment Business plans to launch a talent show in Hong Kong in 2023 and expand its music licensing through acquisitions[127]. Operational Challenges - The Group faced significant challenges in 2022 due to high inventory levels among customers and strict anti-pandemic measures in China, impacting revenue and profit margins across various business segments[11]. - The Manufacturing and Sales segment's revenue decline was primarily due to high inventory levels at customers and tightened anti-pandemic measures in the PRC[37]. - The Property Development Business experienced negative impacts on sales activities due to economic suppression from pandemic measures[21]. - The Group expects challenges in 2023 due to global economic and political uncertainties, but anticipates a faster recovery of the global economy as epidemic prevention measures are relaxed[113][116]. Strategic Initiatives - The Group is actively exploring business opportunities in Southeast Asia and South America to diversify risks arising from geopolitical tensions, with plans to expand its customer base in the U.S., Europe, and China[14]. - The Group aims to invest in shows and concerts in Hong Kong and collaborate with talents and artists to widen revenue streams in the music and entertainment business as travel restrictions are relaxed[17]. - The Group will continue to seek potential property development projects in Hong Kong and China to further its growth strategy[17]. - The Group plans to enhance sales and marketing activities for Zhongxing Industrial Park in 2023, including engaging more property agents and organizing tours for potential customers[130]. - The Group plans to revise its strategies across all business segments and cautiously expand its operations to seize domestic sales opportunities in manufacturing and property development[113][116]. Financial Position - The Group's total borrowings increased from approximately HK$142.2 million as of December 31, 2021, to approximately HK$195.9 million as of December 31, 2022, reflecting a significant rise in debt levels[102][106]. - The current ratio improved from 2.3 times in 2021 to 3.0 times in 2022, indicating enhanced liquidity and cash flow management[102][103]. - The gearing ratio rose from 17.1% in 2021 to 24.9% in 2022, primarily due to the increase in total borrowings[103][104]. - The Group's cash and cash equivalents increased to approximately HK$200.9 million as of December 31, 2022, up from approximately HK$149.0 million in 2021[102][104]. - The Group's liquidity position remains stable, supported by internal cash flows and available banking facilities to meet future capital expenditures[109][110]. Corporate Governance - The Company has complied with the Corporate Governance Code throughout the year, emphasizing the importance of good corporate governance practices[173][174]. - The Company is committed to enhancing its corporate governance practices to align with the latest developments in the Group[173][178]. - The Board of Directors comprises eight members, including two executive Directors, three non-executive Directors, and three independent non-executive Directors, ensuring a balance of expertise and experience[176][181]. - The Company has established a Remuneration Committee and a Nomination Committee, both comprising three members, ensuring compliance with Listing Rules[185]. - The Company promotes a culture of openness and debate, encouraging all Directors to contribute actively to Board discussions[198].

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告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 NEWAY GROUP HOLDINGS LIMITED * 中 星 集 團 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） 00055 （股份代號： ） 截至二零二二年十二月三十一日止年度 全年業績公告 Neway Group Holdings Limited * 中星集團控股有限公司 （「中星」或「本公司」）董事 （「董事」）會（「董事會」）公佈本公司及其附屬公司（統稱「本集團」或「我們」）截至二 零二二年十二月三十一日止年度（「本年度」）之經審核綜合業績，連同截至二零二一 年十二月三十一日止年度（「二零二一年度」）之比較數字如下： 綜合損益及其他全面收入報表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 ...

Financial Performance - Total revenue for the six months ended June 30, 2022, was HK$230,016,000, a decrease of 21.5% from HK$293,097,000 in the same period of 2021[15]. - Gross profit for the same period was HK$51,977,000, down from HK$53,523,000, reflecting a gross margin of approximately 22.6%[15]. - Profit before taxation increased significantly to HK$41,005,000, compared to HK$10,892,000 in the previous year, marking an increase of 276.5%[15]. - Profit for the period was HK$38,195,000, a substantial rise from HK$8,102,000, indicating a year-over-year growth of 371.5%[15]. - Revenue from goods and services was HK$227,104,000, down from HK$289,347,000, representing a decline of 21.5%[15]. - Rental income decreased to HK$1,464,000 from HK$2,735,000, a decline of 46.5%[15]. - Interest income from lending business increased to HK$1,448,000, up from HK$1,015,000, reflecting a growth of 42.7%[15]. - Selling and distribution expenses rose to HK$15,545,000 from HK$13,929,000, an increase of 11.6%[15]. - Administrative and other expenses increased to HK$74,381,000 from HK$62,932,000, a rise of 18.2%[15]. - Other gains and losses, net, significantly improved to HK$77,372,000 from HK$30,604,000, indicating a growth of 152.5%[15]. Profitability Metrics - For the six months ended June 30, 2022, the profit attributable to owners of the Company was HK$38,249,000, a significant increase from HK$8,149,000 in the same period of 2021, representing a growth of 369%[17]. - The total comprehensive income for the period attributable to owners of the Company was HK$14,294,000, slightly down from HK$15,361,000 in the previous year, a decrease of 7%[17]. - Basic earnings per share increased to 15.1 HK cents, compared to 3.2 HK cents for the same period last year, marking an increase of 371%[17]. Asset and Liability Management - Non-current assets decreased from HK$548,159,000 as of December 31, 2021, to HK$387,271,000 as of June 30, 2022, a decline of 29%[20]. - Current assets increased from HK$608,144,000 as of December 31, 2021, to HK$808,384,000 as of June 30, 2022, an increase of 33%[20]. - Cash and cash equivalents rose significantly from HK$145,680,000 to HK$236,267,000, representing an increase of 62%[20]. - Net current assets improved from HK$341,060,000 to HK$553,643,000, an increase of 62%[23]. - Total equity increased from HK$832,058,000 as of December 31, 2021, to HK$846,456,000 as of June 30, 2022, a growth of 2%[23]. - The total liabilities decreased by HK$62,000 in contract liabilities, reflecting better management of obligations[30]. Cash Flow and Financing - For the six months ended June 30, 2022, the net cash used in operating activities was HK$101,689,000, compared to HK$34,900,000 for the same period in 2021, indicating a significant increase in cash outflow[28]. - New bank borrowings raised during the six months ended June 30, 2022, amounted to HK$123,742,000, an increase from HK$91,020,000 in the previous year[30]. - Cash and cash equivalents at the end of the period were HK$236,267,000, up from HK$162,175,000 at the end of June 30, 2021, indicating a strong liquidity position[30]. - The company reported a significant increase in receivables aged 31-60 days, rising to HK$20,250,000 from HK$12,212,000, marking a substantial increase of 65.9%[132]. Revenue Breakdown by Segment - Revenue from the manufacturing and sales business decreased to HK$212,063,000 from HK$271,331,000, representing a decline of 21.8% year-over-year[41]. - Revenue from the music and entertainment business totaled HK$1,531,000, down 34.7% from HK$2,345,000 in the previous year[41]. - The Group's revenue from geographical markets showed a significant decline in Hong Kong, dropping to HK$74,124,000 from HK$114,900,000, a decrease of 35.5%[45]. - Revenue from the People's Republic of China (PRC) also decreased to HK$104,320,000 from HK$117,362,000, a decline of 11.1%[45]. Operational Strategies and Future Outlook - The company plans to continue focusing on operational efficiency and cost management to enhance profitability in future periods[32]. - The group plans to enhance its online sales platform and explore opportunities to invest in potential projects to expand the music licensing business[187]. - The group will revise its sales strategy and allocate resources to improve production efficiency and reduce operating costs in response to economic uncertainties[180]. - The group will continue to allocate more resources to enhance online sales platforms to boost physical record sales and expand membership subscriptions[191]. Investment and Development Activities - The company has made a deposit of HK$2,397,000 for the acquisition of property, plant, and equipment, down from HK$12,677,000 in the previous period[20]. - The company acquired property, plant, and equipment worth approximately HK$16,136,000 during the six months ended 30 June 2022, compared to HK$3,388,000 in the same period of 2021[79]. - The company disposed of investment properties valued at approximately HK$137,357,000 through the disposal of a subsidiary during the six months ended 30 June 2022[84]. - The Group's properties under development increased from nil on 31 December 2021 to approximately HK$215,741,000 by 30 June 2022[102]. Legal and Compliance Matters - The company accepted a tax penalty of approximately HK$3,700,000 and additional tax payables of approximately HK$2,094,000 for previous years of assessment[69]. - The freeze order on the land has been extended to 12 May 2025, impacting the Group's ability to utilize the asset[96]. - The compulsory enforcement proceedings against Zhongqing are pending shareholder approval, delaying the auction process[102].

Revenue and Financial Performance - The Group's revenue from manufacturing and sales of printing products increased by approximately 21% due to higher customer demand driven by changes in product mix [11]. - Total revenue for the year was approximately HK$623.6 million, an increase of 17.1% from HK$532.7 million in 2020 [24]. - Gross profit margin decreased to approximately 17.4% from 25.0% in 2020 [24]. - Revenue from the manufacturing and sales business increased by approximately 19.3% to HK$579.7 million for the year, while the segment loss was approximately HK$16.5 million [45]. - The manufacturing and sales of printing products segment recorded a revenue increase of approximately 20.6% to HK$578.4 million, driven by increased sales orders from both overseas and domestic clients [47]. - The segment loss for the manufacturing and sales business decreased to approximately HK$10.6 million, attributed to a decrease in gross profit margin by 7.2 percentage points to approximately 16.4% [51]. - Revenue from the surgical masks segment decreased to approximately HK$1.3 million, with a loss of approximately HK$5.9 million, leading to the cessation of manufacturing masks [52]. - The music and entertainment business segment revenue increased by approximately 7.8% to HK$4.4 million, with a segment loss of approximately HK$4.5 million [54]. - The Group recorded a fair value gain of approximately HK$46.8 million in "other gains and losses" during the Year, compared to a fair value loss of HK$9.9 million in 2020 [84][86]. - Revenue from the Trading Business increased to approximately HK$33.1 million, but a segment loss of approximately HK$3.1 million was recorded due to a decrease in gross profit margin and higher operational costs [85][87]. Business Strategy and Market Conditions - The Group adopted a conservative approach in response to increased global uncertainty from COVID-19, focusing on a diversification strategy for future performance [10]. - The lending business was affected by the local property market and interest rate movements, leading to a more conservative loan approval process [13]. - The Group plans to continue seeking investment and development opportunities in Hong Kong, the PRC, and other regions [20]. - The Group is committed to reducing exposure to the local property market by investing in new product development and operating platforms [13]. - The local entertainment market remains heavily impacted by COVID-19 policies, prompting the Group to tighten expenses in preparation for market recovery [19]. - The Group will maintain a cautious approach to manage increasing business and credit risks while pursuing expansion opportunities [21]. - The Group expects to face various challenges in 2022 due to economic and political uncertainties, including the prolonged trade dispute between the U.S. and China and the impact of COVID-19 variants [110][113]. - The Group intends to diversify into target market sectors while maintaining strict control over operating costs, despite ongoing global economic uncertainty [118][122]. Property and Development Projects - The property business reached a turning point, with development in Qingyuan City accelerating and the sale of a production facility in Hong Kong completed in January 2022 [20]. - The Group commenced the development of an industrial park project in Qingyuan City, PRC, with phase II construction already started [24]. - The first industrial building's construction commenced in July 2020, with a gross floor area of approximately 22,000 sqm, representing around 5% of the planned gross floor area, and 89.5% of the construction was completed by December 31, 2021 [73][75]. - The second phase development plan submitted in July 2021 has an expected gross floor area of approximately 118,000 sqm, representing around 28% of the planned gross floor area, and will include 19 industrial buildings [73][75]. - The Group intends to apply for compulsory enforcement to auction commercial land parcels in Qingyuan, with plans to develop residential buildings if successful [125]. - The Group plans to engage more property agents to reach potential customers in and around Qingyuan City [127]. Financial Position and Investments - The Group's total borrowings decreased from approximately HK$150.2 million as of December 31, 2020, to approximately HK$142.2 million as of December 31, 2021 [101]. - The current ratio as of December 31, 2021, was 2.3, down from 2.6 in 2020, while the quick ratio decreased from 1.9 to 1.5 [100]. - The gearing ratio improved from 18.1% in 2020 to 17.1% in 2021, primarily due to the reduction in total borrowings [105]. - The Group's cash and cash equivalents were approximately HK$149.0 million as of December 31, 2021, down from approximately HK$228.9 million in 2020 [101]. - The Group's equity instruments at fair value amounted to approximately HK$47.3 million as of December 31, 2021, with a fair value loss in investments of approximately HK$2.7 million during the Year [89][90]. - The largest investment was in Zhong Wei Capital L.P., representing 1.33% of its total share capital, with a fair value of approximately HK$17.5 million [90]. - The top five largest investments amounted to approximately HK$40.1 million, representing approximately 3.5% of the Group's audited total assets as of December 31, 2021 [90]. - The Group plans to carefully study market conditions and monitor investment performance to minimize the impact of market volatility [91]. Corporate Governance and Management - The Board consists of Executive Directors, Non-executive Directors, and Independent Non-executive Directors, ensuring compliance with Listing Rules regarding independent representation [180][183]. - The Audit Committee is chaired by Mr. LEE Kwok Wan, with members including Mr. WONG Sun Fat and Mr. LAI Sai Wo, Ricky, ensuring oversight of financial reporting [178]. - The Remuneration Committee is also chaired by Mr. LEE Kwok Wan, focusing on the compensation structure for the Board members [178]. - The Company has established a Nomination Committee to oversee the appointment and re-election of Directors, chaired by Mr. SUEK Ka Lun, Ernie [178]. - The Chief Executive Officer, Mr. SUEK Chai Hong, is responsible for the operational management and strategic planning of the Company [192]. - All existing independent non-executive Directors have confirmed their independence annually, in line with Listing Rules [183]. - The Company promotes continuous development for Directors through external seminars and training programs at the Company's expense [198]. - The Chairman and Chief Executive Officer roles are held by different individuals to maintain independence and balanced judgment [185]. - The term of appointment for Directors is typically three years, subject to retirement by rotation and re-election [193]. - The Company has maintained effective communication with shareholders, ensuring their views are conveyed to the Board [187].