（股份代號 ：58） 董事會會議召開日期 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， 對其準確性及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。 SUNWAY INTERNATIONAL HOLDINGS LIMITED 新威國際控股 有限公司 （於百慕達註冊成立之有限公司） 新威國際控股有限公司（「本公司」）董事會（「董事會」）宣佈，董事會會議將於 二零二五年八月二十九日星期五舉行，藉以（其中包括）批准及刊發本公司及其附屬 公司截至二零二五年六月三十日止六個月之未經審核中期業績，及考慮派發中期股息 （如適用）。 承董事會命 新威國際控股有限公司 羅進財 執行董事兼公司秘書 香港，二零二五年八月十八日 於本公告日期，董事會包括一名執行董事（即 羅進財先生）、一名非執行董事（即余瑞 生先生）以及三名獨立非執行董事（即蔡本立先生、王裕鈞先生及曾傲嫣女士）。 網址： http://www.hk0058.com * 僅供識別 * ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新威國際控股有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00058 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本 ...

有的机器人公司在赛道上疾驰，有的却在退市边缘挣扎。 6月13日，*ST工智公告称，深交所决定终止公司股票上市。公司股票将于6月20日复牌并进入退市整理期，预计7月10日为最后交易日期。 同时，退市整理期间公司股票在风险警示板交易。退市整理期首个交易日，公司股票价格无涨跌幅限制，此后每日涨跌幅限制为10%。公司提醒投资者、 证券公司等市场主体在股票摘牌前及时了结股票质押式回购、约定购回、融资融券、转融通、深股通等业务。 年报"非标"触发退市红线 *ST工智退市的直接导火索，是2023年、2024年连续两年财报被出具无法表示意见的审计报告。 公司2023年度财务会计报告被出具无法表示意见的审计报告，股票交易自2024年5月6日起被实施退市风险警示。亚太（集团）会计师事务所指出了两大核 心问题。 其一，股权投资平台处置存疑。公司对哈工成长（岳阳）私募股权基金企业（有限合伙）等四家平台初始投资成本总额为6.5亿元，2023年期末余额为1.03 亿元，全年仅确认投资收益0.69万元。审计机构无法核实处置进度及关联资金往来，并质疑其长期股权投资各项指标核算的准确性。 其二，收入确认方法违规。2023年，公司以"时段法"确 ...

5月5日晚间，*ST工智（证券代码：000584）公告，公司收到终止上市事先告知书。 因连续两年财务报告被出具"无法表示意见"的审计结果，叠加内部控制审计的否定意见，*ST工智触发深交所强制退市条款。 收到终止上市事先告知书 根据公告，*ST工智于2025年4月30日收到深圳证券交易所送达的《终止上市事先告知书》（公司部函[2025]第196号）。 2025年4月28日，*ST工智披露的股票交易被实施退市风险警示后的首个年度报告显示，公司2024年度财务会计报告被出具无法表示意见的审计报告，财 务报告内部控制被出具否定意见的审计报告。 因触及《股票上市规则（2025年修订）》第9.3.12条第一款第（三）项和第（五）项规定的股票终止上市情形，深交所拟决定终止*ST工智股票上市交 易。 因2023年度财务会计报告被出具无法表示意见的审计报告，*ST工智公司股票交易自2024年5月6日起被实施退市风险警示。 根据相关规定，*ST工智有权申请听证或者提出书面陈述和申辩。若申请听证的，公司应当在收到告知书之日起五个交易日内，以书面形式向深交所提出 申请，并载明具体事项及理由。提出陈述和申辩的，应当在收到本告知书之日起 ...

重要新闻 今日两只新股申购。 6部门发布关于进一步优化离境退税政策扩大入境消费的通知。 国新办今日上午10时将举行新闻发布会，介绍稳就业稳经济推动高质量发展政策措施有关情况。 *ST工智（000584）：公司股票可能被终止上市，28日起停牌。 3.国务院新闻办公室将于4月28日(星期一)上午10时举行新闻发布会，请国家发展改革委副主任赵辰昕、人力资源社会保障部副部长俞家栋、商务部副部长 盛秋平、中国人民银行副行长邹澜介绍稳就业稳经济推动高质量发展政策措施有关情况，并答记者问。 4.日前，国家税务总局12366纳税服务平台以热点问题答复形式回应称，"二套转首套"满足相关条件可以享受住房贷款利息个税专项附加扣除，每年可享 受1.2万元税前扣除额。 5.商务部副部长盛秋平表示，商务部将继续深化国际消费中心城市建设，支持推动扩大入境消费。商务部将打造国际化消费环境，指导各地优化涉外支付 服务，提升离境退税政策效能，打造一批国际消费集聚区和入境消费友好商圈，打通外国人在华消费堵点、痛点。近期财政部门正积极研究对有关方面给 予专项资金支持。 6.国务院发布关于同意在海南全岛和秦皇岛等15个城市(地区)设立跨境电子商务综合 ...

Financial Performance - The consolidated loss for the year increased by approximately 25% compared to the same period in 2023, primarily due to the downturn in the property market in China [6]. - The company reported a loss from continuing operations of HKD 80,095,000 for the year ended December 31, 2024, compared to a loss of HKD 64,262,000 in 2023, representing a 24.5% increase in losses year-over-year [57]. - The company reported a significant focus on investment holding, with subsidiaries engaged in manufacturing and trading of prestressed high-strength concrete piles, ready-mixed concrete, autoclaved aerated concrete products, and ecological permeable concrete products [38]. - The company reported a total comprehensive loss of HKD 63,698,000 for the year ended December 31, 2024, compared to a loss of HKD 47,824,000 in the previous year, reflecting an increase in losses of approximately 33% [158]. - The company reported a net loss of HKD 80,095,000 for 2024, compared to a net loss of HKD 64,262,000 in 2023, indicating a deterioration in financial performance [152]. Revenue and Growth - Revenue from external customers in the construction materials business was HKD 256,385,000, representing a growth of about 4% from HKD 246,531,000 in the previous year [10]. - Revenue for the year ended December 31, 2024, was HKD 256,385,000, an increase of 3.4% from HKD 246,531,000 in 2023 [152]. - Gross profit for 2024 was HKD 43,832,000, up from HKD 37,556,000 in 2023, reflecting a gross margin improvement [152]. Assets and Liabilities - Total assets decreased to HKD 281,117,000 in 2024 from HKD 330,938,000 in 2023, reflecting a decline of approximately 15% [58]. - The company's total liabilities increased to HKD 202,375,000 in 2024, up from HKD 195,264,000 in 2023, indicating a rise of about 5.7% [58]. - The net asset value dropped to HKD 78,742,000 in 2024, down from HKD 135,674,000 in 2023, a decrease of approximately 42% [58]. - Current liabilities exceeded current assets by approximately HKD 33,863,000 as of December 31, 2024 [167]. Cash Flow and Financing - The group reported a net cash outflow from operating activities of about HKD 13,062,000 for the year ending December 31, 2024 [165]. - Cash and cash equivalents decreased by HKD 16,687,000 in 2024, compared to an increase of HKD 21,704,000 in 2023, indicating a shift in liquidity position [160]. - The company issued new shares raising HKD 3,592,000 and convertible notes raising HKD 30,000,000 during the year, enhancing its capital structure [160]. - The group plans to implement rigorous cost control measures to enhance operational efficiency and improve future cash flow [169]. Shareholder and Equity Information - As of December 31, 2024, the equity attributable to owners of the company was HKD 62,007,000, a decrease of approximately 33% compared to the previous year [13]. - The company’s total equity attributable to owners decreased to HKD 62,007,000 as of December 31, 2024, down from HKD 91,961,000 at the beginning of the year, indicating a decline in shareholder value [158]. - The board does not recommend a final dividend for the fiscal year [44]. Risk Management and Compliance - The company is exposed to foreign exchange risks due to its assets and liabilities being primarily denominated in Renminbi and Hong Kong dollars, with management actively monitoring these risks [23]. - The company has complied with relevant laws and regulations in its operations in China and Hong Kong, with no significant violations reported [61]. - The company has adopted a zero-tolerance policy towards bribery and corruption, ensuring all business dealings are conducted with integrity and professionalism [112]. Corporate Governance - The board consists of one executive director, one non-executive director, and three independent non-executive directors as of December 31, 2024 [92]. - The audit committee has reviewed the financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards and regulations [80]. - All independent non-executive directors have confirmed their independence according to the listing rules, possessing appropriate professional qualifications or financial management expertise [94]. Internal Controls and Audit - The internal control and risk management systems are designed to manage risks rather than eliminate them, ensuring the reliability of financial reporting and compliance with laws [105]. - The audit committee has reviewed the effectiveness of the risk management and internal control systems, concluding they are sufficient and effective [109]. - The company plans to enhance its internal controls and audit procedures to address risks of material misstatement in financial reporting [149]. Future Outlook - The company anticipates that infrastructure investment will continue to be a pillar for economic recovery in China, benefiting its business operations [6]. - The company anticipates positive impacts on the construction materials industry in Guangdong Province, benefiting from local GDP growth and trade volume increases [27]. - The company aims for local GDP growth of around 5% and plans to focus on green energy, commercial aerospace, and other strategic areas [28].

Financial Performance - For the year ended December 31, 2024, the revenue was HKD 256,385,000, an increase of HKD 9,854,000 compared to HKD 246,531,000 in the previous year, representing a growth of approximately 4%[2] - The gross profit for the same period was HKD 43,832,000, up by HKD 6,276,000 from HKD 37,556,000 year-on-year, indicating a growth of about 16.7%[2] - The loss attributable to the owners of the company was HKD 56,122,000, which is an increase of HKD 10,976,000 from HKD 45,146,000 in the previous year, reflecting a rise of approximately 24.3%[2] - The basic and diluted loss per share was HKD 30.71, an increase of HKD 5.57 from HKD 25.14 in the previous year, representing a rise of about 22.1%[2] - The total comprehensive loss for the year was HKD 91,070,000, compared to HKD 67,761,000 in the previous year, indicating an increase of approximately 34.4%[4] - The annual loss for the company in 2024 was HKD 56,122,000, compared to a loss of HKD 45,146,000 in 2023, indicating an increase in losses of approximately 24.4%[32] - Other income and loss for the fiscal year 2024 resulted in a loss of HKD 7,037,000, a decrease of HKD 7,638,000 compared to a profit of HKD 601,000 in the previous year[40] Assets and Liabilities - Non-current assets decreased to HKD 123,389,000 from HKD 134,710,000, a decline of about 8.5%[5] - Current liabilities slightly increased to HKD 191,591,000 from HKD 190,637,000, showing a marginal rise of approximately 0.5%[5] - The company's net assets decreased to HKD 78,742,000 from HKD 135,674,000, a significant drop of about 42%[6] - The company reported a cash and cash equivalents balance of HKD 10,593,000, down from HKD 27,749,000, representing a decrease of approximately 61.8%[5] - The total value of mortgaged assets to secure bank borrowings decreased to HKD 71,963,000 in 2024 from HKD 85,245,000 in 2023, a decline of approximately 15.5%[37] - The group's current liabilities exceeded its current assets by approximately HKD 33,863,000, raising significant doubts about the group's ability to continue as a going concern[65] Revenue Streams - Revenue from ready-mixed concrete increased to HKD 191,135 thousand in 2024 from HKD 145,885 thousand in 2023, reflecting a growth of approximately 31%[24] - The group reported revenue from pre-stressed high-strength concrete piles of HKD 49,028 thousand in 2024, down from HKD 70,147 thousand in 2023, representing a decrease of approximately 30%[24] - Major customers contributing over 10% of revenue include Customer A with HKD 29,178 thousand and Customer B with HKD 26,781 thousand in 2024[22] Cash Flow and Financing - The group has implemented several plans to alleviate cash flow pressure and improve financial conditions, including active measures to recover trade receivables and strict selection of reputable customers to minimize bad debts[14] - The group is closely monitoring its customer base and will consider alternative financing arrangements to support daily operations[14] - The net proceeds from the share subscription and issuance of convertible bonds amounted to approximately HKD 10,300,000, with actual usage of HKD 1,910,000[45] Expenses - Administrative expenses for the fiscal year 2024 were HKD 22,105,000, representing an 8% decrease from HKD 23,977,000 in the previous year[41] - The cost of materials used decreased to HKD 139,144,000 in 2024 from HKD 147,149,000 in 2023, showing a reduction of approximately 5.4%[27] Governance and Compliance - The company is actively seeking suitable candidates for the positions of chairman and chief executive officer to comply with corporate governance codes[60] - The company has adopted the standard code of conduct for securities trading by directors and confirmed compliance throughout the year[66] - The company will publish its annual report containing all required information on its website and the stock exchange's website in due course[67] Legal and Regulatory Matters - The group's subsidiary, Zhuhai Hesheng, had 70% of its equity in Guangdong Hengjia frozen by the Xiangzhou District Court from August 23, 2022, to August 22, 2025, as part of a legal dispute[54] Future Outlook - The board believes the group will have sufficient working capital to meet its financial obligations for the next 12 months, supporting the appropriateness of preparing financial statements on a going concern basis[12] - The company aims to expand its business scale through exploring new business opportunities, which is expected to bring new growth and momentum[56] - The group anticipates that the application of new accounting standards will not have a significant impact on future financial statements[19] Employment and Workforce - As of December 31, 2024, the group employed approximately 258 full-time staff across management, administration, technical, and production departments[48] Risk Factors - The group is exposed to foreign exchange risks primarily due to its assets and liabilities denominated in Renminbi and Hong Kong dollars[49] Dividends - The company does not recommend the distribution of a final dividend for the year ended December 31, 2024, consistent with the previous year[2] - The company did not declare or recommend any final dividends for the year ending December 31, 2024, consistent with 2023[30]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 100,511,000, a decrease of 13.1% compared to HKD 115,611,000 for the same period in 2023[1] - Gross profit for the same period was HKD 16,811,000, down from HKD 17,436,000, reflecting a gross margin of 16.7%[1] - The company reported a loss before tax of HKD 24,459,000, compared to a loss of HKD 19,982,000 in the previous year, indicating a worsening financial performance[2] - The total comprehensive loss for the period was HKD 21,359,000, compared to HKD 26,646,000 in the same period last year, showing an improvement in overall losses[3] - The company reported a basic and diluted loss per share of HKD 7.75, compared to HKD 7.56 in the previous year, indicating a slight increase in loss per share[2] - The company experienced a significant increase in other net losses, reporting a loss of HKD 9,263,000 for the six months ended June 30, 2024, compared to HKD 1,365,000 in the same period of 2023, marking an increase of approximately 579%[26] Assets and Liabilities - Non-current assets decreased to HKD 118,233,000 from HKD 134,710,000, indicating a reduction in long-term asset value[4] - Current assets increased to HKD 202,398,000 from HKD 196,228,000, primarily driven by an increase in trade receivables[4] - The company's net asset value decreased to HKD 114,315,000 from HKD 135,674,000, reflecting a decline in equity[5] - Total liabilities as of June 30, 2024, included interest-bearing borrowings of HKD 39,194,000, with an interest rate ranging from 3.45% to 7.50%[32] - The company's cash and cash equivalents significantly decreased to HKD 7,344,000 from HKD 27,749,000, highlighting liquidity challenges[4] Revenue Sources - The group reported a revenue of HKD 100,511 thousand for the sale of prestressed high-strength concrete piles and other products for the six months ended June 30, 2024, a decrease of 13.1% compared to HKD 115,611 thousand in the same period of 2023[11] - Major customers contributing over 10% of total revenue included Customer A with HKD 11,951 thousand and Customer B with HKD 11,421 thousand for the six months ended June 30, 2024[11] - Revenue from external customers for the six months ended June 30, 2024, was HKD 100,511,000, a decrease of approximately 13% compared to HKD 115,611,000 for the same period in 2023[25] Expenses - Selling and distribution expenses decreased by 10% to HKD 20,927,000 for the six months ended June 30, 2024, primarily due to reduced transportation costs[27] - Administrative expenses decreased by 17% to HKD 9,861,000 for the six months ended June 30, 2024, mainly due to lower employee costs[28] Legal and Regulatory Matters - There are ongoing legal proceedings involving claims totaling HKD 262,000,000 against the company[39] - The company’s indirect wholly-owned subsidiary, New Way Financial Management, received a statutory demand for repayment amounting to approximately HKD 958,000 for overdue legal service fees[45] - A second statutory demand was issued to New Way Financial Management for an adjusted amount of approximately HKD 754,000, requiring payment within three weeks[45] - The court has frozen 70% of the equity in Guangdong Hengjia, which was reduced to 50% following a ruling on April 10, 2023[44] - New Way Financial Management has initiated legal proceedings against several borrowers who have failed to repay loans, including Hua Li Capital and Tailor Wealth[46] - The court has issued a winding-up order against Tailor Wealth, with joint liquidators appointed to investigate its assets and liabilities[47] - A winding-up order has also been issued against Mei Rui Group, with joint liquidators appointed[48] - New Way Financial Management has withdrawn claims against Shenzhen Sipin Investment due to insufficient evidence[49] - Fuzhou Xufai Trading has expressed willingness to negotiate repayment terms, offering a sincerity deposit of HKD 1,000,000[50] - Legal actions have been initiated against Mr. Chen for the recovery of unpaid loans, with the court ruling confirming his responsibility to repay the principal, accrued interest, and related legal fees[51] - Mr. Chen's bank accounts and assets have been frozen for one to three years to enforce the court's ruling[52] - Fuzhou Dongye Trading Co., Ltd. has been deregistered as of January 2024, impacting the recovery of loans transferred to Tianlang Group[53] Corporate Governance - The company has established an audit committee to oversee financial reporting, risk management, and internal controls[57] - All directors confirmed compliance with the standard code of conduct for securities trading during the six months ending June 30, 2024[58] - The company is in the process of identifying suitable candidates for the roles of chairman and CEO to comply with governance codes[56] Future Outlook - The anticipated GDP growth rate for China in the second half of 2024 is approximately 5%[41] - The company expects to benefit from supportive policies in the construction materials industry due to government measures aimed at stabilizing the property market[41] Miscellaneous - The company did not declare or recommend any interim dividend for the six months ended June 30, 2024, nor for the same period in 2023[19] - The company did not adopt any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective during the accounting period[9] - The company has no significant capital commitments as of June 30, 2024[38] - The company has not granted, exercised, canceled, or expired any share options during the fiscal years 2023 and 2024[34] - The company has no significant employee stock options or changes in director information to report as of June 30, 2024[42] - The company has not engaged in any significant litigation or arbitration as of the announcement date[53] - No purchases, sales, or redemptions of the company's listed securities occurred in the six months ending June 30, 2024[54] - The unaudited interim report for 2024 will be published on the company's website and the stock exchange's website at an appropriate time[59]

Financial Performance - The consolidated loss for the year increased by approximately 42% compared to the same period in 2022, primarily due to a 45% decrease in revenue attributed to the sluggish property market in China [5]. - External customer revenue from the prestressed high-strength concrete pile business was HKD 246,531,000, down from HKD 451,115,000 in the previous year, reflecting a decrease of about 45% [9]. - The company reported a total revenue of HKD 50,648,000 for the year ending December 31, 2023, compared to HKD 51,036,000 in 2022, indicating a slight decrease of approximately 0.76% [56]. - The company reported a loss from continuing operations of HKD 64,262,000 for the year ended December 31, 2023, compared to a loss of HKD 45,384,000 in 2022, representing an increase of 41.5% [61]. - Gross profit for 2023 was HKD 37,556,000, down 64.5% from HKD 105,597,000 in the previous year [167]. - The company reported a total comprehensive loss of HKD 47,824,000 for the year ended December 31, 2023, compared to a loss of HKD 40,673,000 in the previous year, reflecting an increase in losses of approximately 17.7% [175]. Financial Position - The group's cash and cash equivalents stood at HKD 27,749,000, while interest-bearing borrowings amounted to HKD 18,511,000, with an interest rate ranging from 3.65% to 7.50% [12]. - The equity attributable to owners of the company decreased by approximately 34% to HKD 91,961,000 as of December 31, 2023 [12]. - Total assets decreased to HKD 330,938,000 in 2023 from HKD 409,537,000 in 2022, a decline of 19.2% [63]. - The company's net asset value fell to HKD 135,674,000 in 2023, down 33.3% from HKD 203,435,000 in 2022 [63]. - The total liabilities decreased to HKD 195,264,000 in 2023 from HKD 206,102,000 in 2022, a reduction of 4.1% [63]. - The company's total equity decreased to HKD 135,674,000 in 2023 from HKD 203,435,000 in 2022, a decline of 33.3% [173]. Cash Flow and Investments - The company has a cash reserve of HKD 50,648,000 available for distribution as of December 31, 2023, which is a slight decrease from the previous year's reserve [56]. - Operating cash flow for the year was HKD 27,690,000, a slight increase from HKD 26,518,000 in 2022, indicating a year-over-year growth of about 4.4% [177]. - The company invested HKD 2,981,000 in property, plant, and equipment during the year, a decrease from HKD 5,710,000 in 2022, indicating a reduction in capital expenditures of about 47.8% [179]. - The company reported a net cash outflow from investing activities of HKD 973,000, an improvement from HKD 5,450,000 in the previous year, reflecting a decrease in cash used for investments [179]. - The company’s financing activities resulted in a net cash outflow of HKD 5,013,000, slightly improved from HKD 5,532,000 in 2022, indicating better management of financing costs [179]. Market and Economic Conditions - The Chinese economy is expected to benefit from increased infrastructure investment, which will support the group's business in the coming years [6]. - The GDP of China increased by 5.2% in 2023, surpassing the previous year's target of around 5% [5]. - The People's Bank of China announced a reduction in the reserve requirement ratio by 0.5% starting February 5, 2024, providing approximately RMB 1 trillion in long-term liquidity to the market [24]. - The central bank will lower the 5-year Loan Prime Rate (LPR) by 25 basis points to 3.95% on February 20, 2024, marking the largest cut since the LPR was introduced in 2019, aimed at boosting the real estate sector [25]. - Guangdong province has introduced 30 measures to support the private economy, encouraging financial institutions to provide more financing support to private enterprises [26]. Corporate Governance and Compliance - The board of directors confirmed their independence in accordance with the listing rules, ensuring compliance with governance standards [69]. - The audit committee has reviewed the financial statements for the year ending December 31, 2023, ensuring compliance with applicable accounting standards [88]. - The company has established appropriate liability insurance for its directors and senior officers [87]. - The board is responsible for maintaining an effective risk management and internal control system, ensuring reasonable assurance against significant misstatements or losses [117]. - The company has adopted a zero-tolerance policy towards bribery and corruption, ensuring compliance with ethical standards in all business dealings [126]. Risk Management - The company faces significant risks in the construction materials industry, including rising raw material prices and intensified competition, which could impact future performance [44]. - The company continues to monitor and manage foreign exchange risks associated with its currency assets and liabilities, primarily denominated in RMB and HKD [44]. - The internal control auditor conducts annual audits to assess the effectiveness of the internal control system and identifies risk areas [121]. - The audit committee believes that the group's risk management and internal control systems are sufficient and effective for the reviewed year [122]. Shareholder Engagement - The company encourages shareholders to attend general meetings and express their opinions, with external auditors present to assist in addressing shareholder inquiries [136]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of the request [139]. - Shareholders can propose resolutions at general meetings if they represent at least 5% of the total voting rights or at least 100 shareholders [140]. Environmental and Social Responsibility - The company has a strong focus on environmental responsibility and aims to create economic value for stakeholders [68]. - The company emphasizes a culture of integrity and anti-corruption policies to guide employee conduct [92]. - The company has established a whistleblowing policy to allow employees and third parties to report misconduct confidentially [128].

Financial Performance - For the year ended December 31, 2023, revenue was HKD 246,531,000, a decrease of HKD 204,584,000 or 45.4% compared to HKD 451,115,000 in the previous year[3] - Gross profit for the year was HKD 37,556,000, down HKD 68,041,000 or 64.4% from HKD 105,597,000 in the prior year[3] - The loss attributable to owners of the company was HKD 45,146,000, an increase of HKD 7,761,000 or 20.8% from HKD 37,385,000 in the previous year[3] - Basic and diluted loss per share was HKD 25.14, an increase of HKD 4.32 or 20.8% from HKD 20.82 in the prior year[3] - Total comprehensive loss for the year amounted to HKD 67,761,000, compared to HKD 48,701,000 in the previous year, reflecting an increase of HKD 19,060,000 or 39.1%[6] - The group reported a net loss of HKD 21,570,000 for the year 2023, compared to a net loss of HKD 34,928,000 in 2022[28] Revenue Breakdown - The group's revenue for the year 2023 was HKD 246,531,000, a decrease of 45.4% compared to HKD 451,115,000 in 2022[25] - The revenue from prestressed high-strength concrete piles was HKD 70,147,000, down 18% from HKD 85,498,000 in the previous year[25] - The revenue from ready-mixed concrete was HKD 145,885,000, a decline of 53% from HKD 311,792,000 in 2022[25] - The external customer revenue for the fiscal year 2023 was HKD 246,531,000, a decrease of approximately 45% compared to HKD 451,115,000 in the previous year due to a sluggish property market[42] Assets and Liabilities - Non-current assets decreased to HKD 134,710,000 from HKD 174,746,000, a decline of 23%[8] - Current assets decreased to HKD 196,228,000 from HKD 234,791,000, a decline of 16.4%[8] - Total liabilities decreased slightly to HKD 190,637,000 from HKD 194,666,000, a decrease of 2.1%[8] - The company's equity attributable to owners decreased to HKD 91,961,000 from HKD 139,785,000, a decline of 34%[9] - The total trade receivables, net of credit loss provisions, were HKD 108,172,000 for the fiscal year 2023, down from HKD 160,261,000 in the previous year[36] - The aging analysis of trade receivables showed that HKD 75,463,000 was within 3 months, compared to HKD 79,140,000 in the previous year[37] - The total amount of assets pledged as collateral for bank borrowings was HKD 86,303,000, down from HKD 100,955,000 in the previous year[39] Expenses and Costs - The cost of materials used was HKD 147,149,000, down from HKD 238,914,000 in the previous year, reflecting a decrease of 38.3%[28] - Administrative expenses for the fiscal year 2023 were HKD 23,977,000, representing an 18% decrease from HKD 29,398,000 in the previous fiscal year[44] - The financing costs for the year 2023 totaled HKD 1,624,000, a decrease of 48% from HKD 3,129,000 in 2022[27] Dividends - The company does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[3] - The company did not declare or recommend any final dividends for the fiscal year 2023, consistent with the previous year[32] Legal and Compliance Issues - The company has issued convertible bonds amounting to HKD 15,000,000, which are currently considered invalid and non-convertible due to ongoing legal disputes[48] - There are ongoing legal actions involving claims of approximately HKD 40,000,000 related to convertible bonds, which have been dismissed without costs awarded[54] - The company has initiated legal actions to recover unpaid loans from guarantor Mr. Chen, with the court ruling that he is responsible for repaying the principal amount, accrued interest, and related legal fees[72] - The company has received legal advice regarding the recovery of receivables from Charmate, which is currently undergoing liquidation, with no evidence of asset holdings found[72] - Legal actions have been initiated against six borrowers for unpaid loans and interest, with ongoing litigation against various parties including Hua Li Capital and Tailor Wealth[64] Employment and Staff - As of December 31, 2023, the company employed approximately 264 full-time staff across management, administration, technical, and production departments in Hong Kong and mainland China[51] Market and Economic Conditions - The group recognized government subsidies of HKD 328,000 in 2022 related to COVID-19 support, with no similar subsidies reported in 2023[25] - The People's Bank of China announced a reduction in the reserve requirement ratio by 0.5% starting February 5, 2024, providing approximately RMB 1 trillion in long-term liquidity to the market[74] - The central bank lowered the 5-year Loan Prime Rate (LPR) by 25 basis points to 3.95% on February 20, 2024, marking the largest cut since the LPR was introduced in 2019, aimed at boosting the real estate sector[75] - Guangdong Province has introduced 30 measures to support the private economy, encouraging financial institutions to provide more financing support to private enterprises[76] - The implementation of comprehensive tax reduction and fee reduction policies is expected to positively impact the construction materials industry in Guangdong Province, benefiting the company[78] Corporate Governance - The company has confirmed compliance with the corporate governance code, although it has not yet appointed a chairman or CEO following the resignations of previous executives[82] - The audit committee has reviewed the annual performance for the year ending December 31, 2023[83] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year[80] - The company plans to publish its annual report on its website and the stock exchange's website in due course[87]