Financial Performance - The loss attributable to owners of Wong's International Holdings Limited for the year amounted to HK$837.5 million, compared to a profit of HK$152.7 million for the previous financial year[14]. - The underlying profit attributable to owners, excluding the effect of changes on investment properties and stock of completed properties, was HK$147.3 million, down from HK$163.1 million in the last financial year[15]. - The Group's revenue for the year ended December 31, 2024, was HK$2,664.7 million, a decrease from HK$3,185.7 million in the previous year[16]. - Operating loss for the year was HK$286.1 million, compared to an operating profit of HK$215.1 million for the last financial year[16]. - Earnings per share for the year was HK$1.75, compared to earnings per share of HK$0.32 for the previous financial year[16]. - The decrease in underlying profit was mainly due to a reduction in profit from the EMS Division by HK$1.6 million and from the Property Holding Division by HK$15.0 million[15]. - Other income decreased by HK$10.4 million, while income tax expenses increased by HK$13.7 million[15]. - The Group recorded a fair value loss of approximately HK$1 billion due to a sharp decline in commercial property prices in Hong Kong in 2024, but this did not affect cash flow[50]. - Revenue for 2024 is HK$2,664,674, a decrease of 16.3% from HK$3,185,668 in 2023[68]. - Operating loss for 2024 is HK$286,081 compared to a profit of HK$215,094 in 2023[68]. - Loss before income tax for 2024 is HK$782,828, significantly worse than the profit of HK$200,115 in 2023[68]. - Loss for the year attributable to owners is HK$837,464, a decline from a profit of HK$152,726 in 2023[68]. Dividends - The Company paid an interim dividend of HK$0.0275 per share for the year, down from HK$0.0300 per share in the previous year[19]. - The proposed final dividend is HK$0.0300 per share, consistent with the previous year, subject to shareholder approval[19]. - The Company paid an interim dividend of HK$0.0275 per share for 2024, down from HK$0.0300 in 2023, and recommends a final dividend of HK$0.0300 per share, unchanged from 2023[22]. - Proposed final dividend of HK$0.0300 per share, totaling HK$14,355[80]. Revenue Breakdown - Revenue for the Electronic Manufacturing Service (EMS) Division for the year ended 31 December 2024 was HK$2,603.0 million, a decrease of 16.7% from HK$3,123.9 million in the previous year[30]. - The EMS Division's attributable segment profit was HK$189.8 million, reflecting a 0.8% decrease from HK$191.4 million in the last financial year[32]. - The Property Holding Division reported revenue of HK$61.7 million, slightly down from HK$61.8 million in the previous year, with a segment loss of HK$916.1 million compared to a profit of HK$79.9 million in the last financial year[31]. Financial Position - As of 31 December 2024, the Group had total banking facilities of HK$2,908.9 million, down from HK$3,071.3 million in 2023[36]. - Total bank borrowings were HK$1,618.9 million as of 31 December 2024, a decrease from HK$1,790.7 million in 2023[36]. - Cash and cash equivalents, short-term bank deposits, and restricted cash amounted to HK$1,335.5 million as of 31 December 2024, compared to HK$1,348.0 million in 2023[36]. - The net gearing ratio for the Group as of 31 December 2024 was 0.08, down from 0.10 in 2023[38]. - The Group's total assets for 2024 were HK$7,678 million, while total liabilities were HK$3,265 million[62]. - Total assets decreased to HK$6,158,836 in 2024 from HK$7,310,256 in 2023, a reduction of 15.8%[68]. - Total liabilities decreased to HK$2,641,434 in 2024 from HK$2,835,989 in 2023, a reduction of 6.8%[68]. - Equity attributable to owners decreased to HK$3,517,402 in 2024 from HK$4,474,267 in 2023, a decline of 21.5%[68]. - The Group's borrowings to total equity ratio increased to 46.0% in 2024 from 40.0% in 2023[67]. Corporate Governance - The Group's leadership includes members with extensive experience in finance, accounting, and management across various industries, enhancing strategic decision-making capabilities[132][134]. - The company emphasizes strong governance with independent directors holding key committee positions, ensuring oversight and accountability[135][138]. - The diverse backgrounds of the directors contribute to a comprehensive understanding of market dynamics and operational challenges[130][131]. - The Group is committed to maintaining high standards of corporate governance and financial integrity through experienced leadership[135][139]. Shareholder Information - Mr. Wong Chung Mat holds 136,828,569 shares, representing 28.60% of the issued shares of the Company[151]. - Ms. Wong Yin Man holds 1,000,000 shares, representing 0.21% of the issued shares of the Company[151]. - Mr. Chan Tsze Wah holds 1,837,500 shares, representing 0.38% of the issued shares of the Company[151]. - Mr. Yu Sun Say holds 500,000 shares, representing 0.10% of the issued shares of the Company[151]. - As of December 31, 2024, no other Directors or chief executives had any interests or short positions in the shares of the Company[153]. Employee Information - As of December 31, 2024, the Group employed 2,604 employees, with a remuneration policy based on job nature, qualifications, and experience[45]. Risk Management - The Group has taken measures to hedge against the risk of high interest rates, which are expected to remain elevated[53]. - The Group does not use any foreign exchange hedging products, recognizing the currency risk associated with fluctuations in the Chinese Renminbi[39]. Share Option Scheme - The company has adopted a share option scheme on June 26, 2020, with a total of 47,848,379 shares available for grant, representing 10% of the issued shares as of the report date[168][171]. - No options have been granted under the scheme since its adoption date up to December 31, 2024[168]. - The overall limit on the number of shares that may be issued upon exercise of all outstanding options must not exceed 30% of the shares of the company in issue from time to time[171]. - The maximum entitlement of each participant under the scheme is limited to 1% of the shares of the company in issue in any 12-month period, unless approved by shareholders[176]. - The scheme will remain in force for 10 years, from June 26, 2020, to June 25, 2030[184]. - Eligible participants for the scheme include directors and employees of any member of the group who have contributed or will contribute to the group[170]. - The exercise price for options will be determined by the board but cannot be less than the nominal value of the shares[181]. - The minimum holding period for an option before it can be exercised is 1 year from the date of grant[178].

Financial Performance - The company reported a loss attributable to shareholders of HKD 837,500,000 for the fiscal year ending December 31, 2024, compared to a profit of HKD 152,700,000 in the previous fiscal year[4]. - Total revenue for the year was HKD 2,664,674,000, down 16.3% from HKD 3,185,668,000 in the previous year[5]. - The basic loss per share was HKD 1.75, compared to earnings of HKD 0.32 per share in the previous year[5]. - The company recorded a net operating loss of HKD 286,081,000, compared to an operating profit of HKD 215,094,000 in the previous year[5]. - The company reported a total comprehensive loss of HKD 929,352,000 for the year ended December 31, 2024[10]. - The company reported a net loss before tax of HKD 782,828,000 for 2024, compared to a profit of HKD 200,115,000 in 2023[25]. - The company recognized other income of HKD 4,371,000 in 2024, down from HKD 14,731,000 in 2023, indicating a decrease of approximately 70.3%[30]. - The operating loss for fiscal year 2024 was HKD 286,100,000, compared to an operating profit of HKD 215,100,000 in the previous year[47]. Asset and Equity Changes - Total assets decreased to HKD 6,158,836,000 from HKD 7,310,256,000, representing a decline of 15.8%[7]. - The company's equity attributable to shareholders decreased to HKD 3,517,402,000 from HKD 4,474,267,000, a drop of 21.5%[8]. - Non-current assets decreased from HKD 4,464,082,000 in 2023 to HKD 3,445,665,000 in 2024, a decline of about 22.8%[27]. - The group's share of net assets from joint ventures decreased to HKD 604,695,000 in fiscal year 2024 from HKD 1,051,442,000 in the previous year[37]. Liabilities and Cash Flow - The company’s total liabilities decreased to HKD 2,641,434,000 from HKD 2,835,989,000, a reduction of 6.9%[8]. - Cash and cash equivalents decreased to HKD 719,846,000 from HKD 942,040,000, a decline of 23.6%[7]. - Total loans decreased to HKD 1,618,928,000 in fiscal year 2024 from HKD 1,790,678,000 in the previous year[42]. - As of December 31, 2024, the total bank credit of the group was HKD 2,908,900,000, a decrease from HKD 3,071,300,000 in 2023[50]. - The total bank loans amounted to HKD 1,618,900,000, down from HKD 1,790,700,000 in 2023[50]. Segment Performance - The EMS segment recorded a loss of HKD 726,281,000, while the property holding segment also faced significant losses[22]. - For the fiscal year ending December 31, 2024, the reported segment performance showed a loss of HKD 726,281,000 compared to a profit of HKD 271,340,000 in 2023[25]. - The EMS segment generated revenue of HKD 2,603,000,000 in fiscal year 2024, down from HKD 3,123,900,000 in the previous year, with a segment profit of HKD 189,800,000, a decrease of 0.8%[48]. - The property holding segment reported revenue of HKD 61,700,000 for fiscal year 2024, compared to HKD 61,800,000 in the previous year, with a segment loss of HKD 916,100,000, contrasting with a profit of HKD 79,900,000 in the previous year[49]. Fair Value and Depreciation - The fair value of investment properties decreased by HKD 472,741,000, compared to a decrease of HKD 12,062,000 in the previous year[5]. - There was a fair value loss of HKD 472,741,000 related to investment properties[22]. - Depreciation expenses amounted to HKD 47,636,000 for the year[22]. - The group recorded a fair value loss of approximately HKD 1,000,000,000 due to a significant drop in commercial property prices in Hong Kong in 2024[55]. Dividends and Future Outlook - The company plans to propose a final dividend of HKD 0.0300 per share for the fiscal year ending December 31, 2024, totaling approximately HKD 14,355,000[32]. - The company declared an interim dividend of HKD 0.0275 per share for fiscal year 2024, down from HKD 0.0300 per share in the previous year[43]. - The EMS business revenue for the first half of 2025 is expected to be similar to the revenue recorded in the second half of 2024[54]. - The factory in Vietnam is expected to become a significant source of growth for the group, with steady revenue growth anticipated[54]. Accounting Standards and Compliance - The company has adopted several revised accounting standards effective from January 1, 2024, with no significant impact expected on financial performance[13][17]. - The company is assessing the impact of new accounting standards that will come into effect in 2025 and 2026, but no major effects are anticipated[14][15]. - The group's auditor, PwC, confirmed that the financial figures for the year ending December 31, 2024, align with the draft consolidated financial statements[64]. Employee and Operational Management - The group employed 2,604 employees as of December 31, 2024, with a compensation policy based on job nature, qualifications, and experience[53]. - The group is taking measures to simplify production operations in its Vietnam factory and enhance talent training and technical capabilities[54]. - The group has not utilized any foreign exchange hedging products, aligning with its prudent financial risk management policy[51]. - The group maintains sufficient bank credit and cash reserves to meet the cash needs of its manufacturing and property holding sectors[50]. Revenue Sources - Revenue from customer contracts was HKD 2,603,021,000, with additional rental income of HKD 61,653,000, totaling HKD 2,664,674,000[22]. - Revenue from North America increased to HKD 423,101,000 in 2024 from HKD 355,376,000 in 2023, reflecting a growth of approximately 19.0%[26].

Financial Performance - The company reported a revenue of HKD 1,224,403, a decrease of 27.1% compared to HKD 1,680,743 in the previous year[3]. - The operating loss for the period was HKD 144,205, compared to an operating profit of HKD 104,129 in the same period last year[3]. - The net loss attributable to shareholders was HKD 388,916, a significant decline from a profit of HKD 89,411 in the previous year[5]. - The total comprehensive loss for the period was HKD 448,308, compared to a total comprehensive loss of HKD 4,194 in the previous period, reflecting a significant increase in losses[11]. - For the six months ended June 30, 2024, the reported segment performance showed a loss of HKD 345,567,000 compared to a profit of HKD 129,059,000 for the same period in 2023[35]. - The company reported a net loss before tax of HKD 371,741,000 for the six months ended June 30, 2024, compared to a profit of HKD 101,231,000 for the same period in 2023[35]. - The company reported a net profit attributable to shareholders of HKD (388,916,000) for the six months ended June 30, 2024, compared to a profit of HKD 89,411,000 in the same period of 2023, resulting in a basic loss per share of HKD (0.81) compared to earnings of HKD 0.19 in 2023[45]. Assets and Liabilities - Total assets decreased to HKD 6,487,106 from HKD 7,310,256, reflecting a reduction of 11.3%[6]. - The company's cash and cash equivalents dropped to HKD 423,116 from HKD 942,040, a decrease of 55.1%[6]. - The total equity attributable to shareholders decreased to HKD 4,011,604 from HKD 4,474,267, a decline of 10.4%[8]. - As of June 30, 2024, total equity amounted to HKD 4,011,604, a decrease from HKD 4,413,093 on January 1, 2023, representing a decline of approximately 9.1%[11]. - The total assets reported as of June 30, 2024, were HKD 6,273,460,000, a decrease from HKD 7,076,596,000 as of December 31, 2023, reflecting a decline of approximately 11.3%[36]. - Total loans decreased to HKD 1,540,918,000 as of June 30, 2024, from HKD 1,790,678,000 as of December 31, 2023, reflecting a reduction of approximately 13.9%[63]. - The group’s trade payables as of June 30, 2024, were HKD 462,699,000, down from HKD 545,647,000 as of December 31, 2023, representing a decrease of approximately 15.1%[62]. Cash Flow and Investments - The net cash flow from operating activities for the six months ended June 30, 2024, was HKD 153,378, down from HKD 187,217 in the same period of 2023, indicating a decrease of about 18.1%[13]. - The cash flow from investing activities showed a net outflow of HKD 395,711, compared to a net inflow of HKD 232,886 in the previous year, indicating a significant shift in investment strategy[13]. - The company experienced a significant decrease in cash generated from investment activities, with cash inflows from the sale of property, plant, and equipment amounting to HKD 1,665, compared to HKD 595 in the previous year[13]. - The company’s financing income from interest decreased to HKD 10,696,000 for the six months ended June 30, 2024, compared to HKD 11,466,000 in the same period of 2023[41]. Dividends and Shareholder Information - The company declared a dividend of HKD 13,158, down from HKD 14,354 in the previous year[3]. - The company declared an interim dividend of HKD 0.0275 per share for the six months ended June 30, 2024, down from HKD 0.0300 per share in 2023, with total dividends amounting to HKD 13,158,000 compared to HKD 14,354,000 in the previous year[44]. - As of June 30, 2024, the company has a total of 136,828,569 shares held by director Wang Zhongmo, representing 28.60% of the issued shares[84]. - Salop Hong Kong Limited, fully owned by Wang Zhongmo, holds 135,828,569 shares, accounting for 28.39% of the issued shares[86]. - Cantrust (Far East) Limited is a trustee for 126,298,413 shares, which is 26.40% of the issued shares[86]. Segment Performance - The EMS segment generated revenue of HKD 1,193.1 million for the six months ended June 30, 2024, down from HKD 1,649.5 million in the previous year, with a segment profit of HKD 64.3 million, a decrease of 13.6%[76]. - The property holding segment recorded revenue of HKD 31.3 million, nearly unchanged from HKD 31.2 million in the previous year, but incurred a segment loss of HKD 409.9 million compared to a profit of HKD 54.6 million last year[77]. - Revenue from North America for the six months ended June 30, 2024, was HKD 157,169,000, a decrease from HKD 181,881,000 in the same period of 2023, representing a decline of 13.6%[37]. Governance and Compliance - The company has complied with the corporate governance code as per the listing rules, with the exception of the roles of Chairman and CEO being held by the same individual since February 2003[92]. - The current remuneration committee does not include responsibilities related to share schemes as outlined in the governance code, with the board overseeing the stock option plan[94]. - All directors confirmed compliance with the standard code of conduct for securities trading during the six months ending June 30, 2024[95]. - An audit committee, composed of three independent non-executive directors, reviewed the accounting principles and interim financial information for the six months ending June 30, 2024[96].

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，概不對因本公佈全部或任 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。 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號： 99） 截至二零二四年六月三十日止六個月之中期業績 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要： | | • | 本公司擁有人應佔虧損為港幣 388,900,000 元。這主要由於已完成物業存貨 之撇減撥備增加以及本集團及其合營企業持有之投資物業的公允價值虧 損港幣 446,800,000 元所致。公允價值虧損反映 ...

Financial Performance - The share of profits from joint ventures for 2023 is HK$49.5 million, a significant recovery from a loss of HK$44.1 million in 2022[2]. - The earnings per share increased by 35.8%, reaching HK$0.32 in 2023 compared to HK$0.23 in 2022[4]. - The current ratio improved to 4 times in 2023, up from 1.5 times in 2022[4]. - The total interim dividend paid was HK$0.03 per share, amounting to HK$14.354 million[10]. - The group reported a profit after income tax, with specific figures detailed in the financial statements[6]. - The financial health indicators, including net debt to total equity ratio, are detailed in the financial statements[3]. - The financial statements for the year have been audited by PricewaterhouseCoopers, who are eligible for re-appointment[92]. - The company has a comprehensive financial report that includes a five-year financial summary, indicating stable financial performance[200]. Customer Concentration - The largest customer accounted for 44% of total sales, while the combined sales from the top five customers represented 76%[18]. Environmental, Social, and Governance (ESG) Commitment - The company has committed to environmental responsibility, focusing on reducing emissions and waste[13]. - The Company has complied with the "comply or explain" provisions set out in the Stock Exchange ESG Guide for the financial year of 2023[124]. - The Group's ESG strategy aims for high-level positive outcomes in five major areas, including establishing a supportive workplace and ethical governance[126]. - The report is prepared using consistent methodologies, allowing for year-to-year comparison and identification of significant variations[137]. - The company is dedicated to high ethical governance and providing safe products through a well-established supplier selection system[151]. - The materiality matrix highlights key areas such as business strategy, risk management, and anti-corruption as priorities for the company[142]. - The company actively participates in local community activities and charitable events to create shared value and support those in need[152]. - The Group's performance on environmental and social matters is detailed in the Environmental, Social and Governance Report of this Annual Report[113]. Environmental Impact - In 2023, the company generated nitrogen oxides (NOx), sulfur oxides (SOx), and particulate matter (PM) emissions of 1,614.2 kg, 1.05 kg, and 115.62 kg respectively, showing a decrease compared to 2022 due to reduced local vehicle transportation[177]. - The company's carbon dioxide (CO2) emissions were 17,619 tons, with electricity consumption at 29,833,158 kWh, reflecting a 0.26% increase from 2022 due to the commencement of mass production at the Vietnam plant[177]. - The company is committed to enhancing environmental facilities and improving capabilities in processing and reducing hazardous waste and emissions during manufacturing[177]. - The company has implemented measures to maintain vehicles in good condition to minimize air emissions[177]. - The company aims to replace part of its electricity consumption with solar energy and has explored energy-saving opportunities, such as applying iPaint to factory roofs[166]. - The company has replaced common lamps with LED lighting and upgraded its HVAC system to improve energy efficiency[166]. - The company is focused on minimizing the impacts on the environment and natural resources while continuously improving environmental sustainability[174]. - The company conducts regular environmental testing through government-certified laboratories to ensure compliance with international standards and regulations[177]. - In 2023, water consumption was 200,521 tons, a decrease of 31% compared to 2022, mainly due to improved water usage efficiency[180]. - Hazardous waste increased by 34.4% to 152 tons in 2023, primarily due to an increase in PCB scrap materials and waste activated carbon[180]. - Non-hazardous waste increased by 18.9% to 1,147 tons, mainly due to the commencement of mass production at the Vietnam plant in 2023[180]. Corporate Governance - The company has established various committees, including the Remuneration Committee and Risk Management Committee, to ensure effective governance and oversight[196]. - The Company has maintained Directors' and officers' liability insurance throughout the year, providing appropriate cover for certain legal actions against its Directors and officers[64]. - There were no significant transactions, arrangements, or contracts involving Directors with material interests during the year[61]. - The Company has not entered into any arrangements to enable Directors or chief executives to acquire benefits by means of acquisition of shares or debentures during the year[58]. - The company has a strong management team with over 30 years of experience in electronics manufacturing, enhancing its market position[197]. - The company continues to leverage its experienced leadership to navigate market challenges and pursue growth opportunities[197]. Share Option Scheme - The total number of shares available for issue under the share option scheme is 47,848,379 shares, representing 10% of the issued shares of the Company as of the date hereof[56]. - The overall limit on the number of shares which may be issued upon exercise of all outstanding options granted and yet to be exercised under the Scheme and any other share option schemes of the Company must not exceed 30% of the shares of the Company in issue from time to time[56]. - The option period of a particular option is the period during which the option can be exercised, and it shall not expire later than 10 years from the date of grant[58]. - The exercise price shall be determined by the Board but must not be less than the higher of the closing price on the date of grant, the average closing price for the 5 business days immediately preceding the date of grant, or the nominal value of the shares[58]. - The Scheme shall remain in force for 10 years, commencing on June 26, 2020, up to and including June 25, 2030[58]. - The minimum period for which an option must be held before it can be exercised is 1 year, unless otherwise determined by the Board[58]. - No equity-linked agreement was entered into by the Company during the year, except for the share option scheme which subsisted at the year end[72]. - The company has not issued any share options under the plan since its adoption, indicating a cautious approach to equity compensation[198]. - As of January 1, 2023, and December 31, 2023, the number of share options available for grant under the plan is 47,848,379[198].

Revenue and Profit - EMS department revenue for the year ended December 31, 2023, was HKD 3,123,900,000, down from HKD 3,404,500,000 in the previous fiscal year[1] - EMS department profit increased by 21.8% to HKD 191,400,000, compared to HKD 157,200,000 in the previous fiscal year, attributed to improved operational efficiency[1] - The property holding department generated revenue of HKD 61,800,000 for the year ended December 31, 2023, slightly down from HKD 62,200,000 in the previous fiscal year[24] - The property holding department reported a profit of HKD 79,900,000, recovering from a loss of HKD 88,100,000 in the previous fiscal year[24] - The company's revenue for the year ended December 31, 2023, was HKD 3,185,668,000, a decrease of approximately 8.1% compared to HKD 3,466,674,000 in 2022[33] - The operating profit for the year was HKD 215,094,000, down from HKD 241,231,000 in the previous year, reflecting a decline of about 10.8%[33] - The profit attributable to the company's owners was HKD 152,726,000, an increase of 35.8% from HKD 112,436,000 in 2022[33] - Total revenue for the year ended December 31, 2023, was HKD 3,185,668,000, down from HKD 3,466,674,000 in 2022, representing a decrease of approximately 8.1%[108] - The operating profit for 2023 was HKD 215,100,000, compared to HKD 241,200,000 in 2022, indicating a decline of about 10.8%[108] - The net profit attributable to the company's owners for 2023 was HKD 152,726,000, up from HKD 112,436,000 in 2022, reflecting an increase of approximately 35.8%[99] Financial Position - As of December 31, 2023, the group's net bank loans amounted to HKD 442,700,000, a decrease from HKD 806,000,000 as of December 31, 2022[3] - The net asset to liability ratio as of December 31, 2023, was 0.10, down from 0.19 in the previous year[3] - Total bank credit as of December 31, 2023, was HKD 3,071,300,000, down from HKD 3,408,200,000 in the previous year[25] - Cash and cash equivalents, short-term bank deposits, and restricted cash totaled HKD 1,348,000,000 as of December 31, 2023, compared to HKD 1,217,000,000 in the previous year[25] - Total assets decreased to HKD 7,310,256,000 from HKD 7,678,233,000, a reduction of approximately 4.8%[45] - The company's cash and cash equivalents increased to HKD 942,040,000 from HKD 544,537,000, representing a growth of 73.1%[45] - The total equity attributable to the company's owners rose to HKD 4,474,267,000 from HKD 4,413,093,000, an increase of 1.4%[45] - Total assets as of December 31, 2023, were HKD 7,310,256,000, a decrease from HKD 7,678,233,000 in 2022, reflecting a decline of approximately 4.8%[59] - The total reportable segment assets for 2023 were HKD 7,076,596,000, down from HKD 7,392,372,000 in 2022, showing a decrease of about 4.3%[59] - The company's total assets as of December 31, 2023, are HKD 4,464,082,000, a slight decrease from HKD 4,588,757,000 in the previous year[74] Capital Expenditures and Investments - Capital expenditures for the year amounted to HKD 92,756,000, compared to HKD 20,816,000 in the previous year, indicating a significant increase[56] - The EMS segment reported assets of HKD 2,837,849,000 as of December 31, 2023, down from HKD 3,147,298,000 in 2022, a decline of approximately 9.9%[57] - The property holding segment's assets were HKD 4,238,747,000 in 2023, compared to HKD 4,245,074,000 in 2022, a slight decrease of about 0.2%[57] - The company recognized rental income of HKD 62,192,000 in 2023, compared to HKD 61,769,000 in 2022, reflecting a modest increase[56] - The fair value changes of investment properties resulted in a loss of HKD 80,148,000 in 2023, compared to a loss of HKD 12,062,000 in 2022, indicating a significant decline in performance[56] - The company’s equity in joint ventures was HKD 2,071,517,000 as of December 31, 2023, compared to HKD 2,058,112,000 in 2022, showing a slight increase of about 0.6%[57] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.03 per share, totaling HKD 14,354,000, compared to HKD 9,570,000 in the previous year[81] - The company paid dividends of approximately HKD 35,887,000 in 2023, compared to HKD 21,533,000 in 2022, indicating an increase of about 66.7%[96] Employment and Compensation - The company employed 2,581 employees as of December 31, 2023, with regular reviews of compensation and benefits policies[28] Market and Operational Insights - The company is leveraging its factories in mainland China and Vietnam to expand its EMS business customer base[13] - The company anticipates a slight decline in EMS business revenue in the first half of 2024 due to excess inventory at some customers[29] - The company has taken measures to hedge against rising interest rate risks, with loan rates expected to remain high in the first half of 2024[13] Other Financial Metrics - Basic earnings per share for 2023 were HKD 0.32, compared to HKD 0.23 in 2022, marking an increase of about 39.1%[99] - Revenue from North America decreased to HKD 355,376,000 in 2023 from HKD 472,813,000 in 2022, a decline of approximately 24.8%[92] - Revenue from Asia (excluding Hong Kong) was HKD 1,831,943,000 in 2023, down from HKD 1,991,567,000 in 2022, representing a decrease of about 8.0%[92] - The company confirmed liabilities related to customer contracts amounting to HKD 131,574,000 for the EMS segment in 2023, slightly up from HKD 126,291,000 in 2022[94] - The company’s share of profits from joint ventures increased to HKD 49,462,000 from a loss of HKD 44,073,000 in the previous year, marking a significant turnaround[85] - Non-current assets in Asia (excluding Hong Kong) decreased to HKD 286,350,000 from HKD 352,033,000, a decline of about 18.7%[74] - Trade receivables decreased to HKD 808,589,000 from HKD 1,071,437,000, representing a reduction of approximately 24.5%[86] - Total loans as of 2023 amounted to HKD 1,790,678,000, a decrease from HKD 2,022,968,000 in 2022, reflecting a reduction of approximately 11.4%[112] Miscellaneous - The estimated tax rate for profits sourced from Hong Kong remains at 16.5%, consistent with the previous year[80] - Gain from the sale of an associate company recognized in 2022 amounted to HKD 117,100,000[114] - Net financing costs increased by HKD 26,100,000[114] - EMS department profit increased by HKD 34,200,000[114] - Property holding department profit increased by HKD 168,000,000[114]

Financial Performance - For the six months ended June 30, 2023, the company's revenue was HKD 1,680,743,000, representing an increase of 7.8% compared to HKD 1,559,192,000 for the same period in 2022[12] - The operating profit for the same period was HKD 104,129,000, slightly up from HKD 103,532,000 in the previous year[12] - The net profit attributable to the company's owners for the six months ended June 30, 2023, was HKD 89,411,000, down from HKD 95,535,000 in 2022, reflecting a decrease of 6.4%[12] - The company reported a basic and diluted earnings per share of HKD 0.19 for the period, down from HKD 0.20 in the previous year, indicating a slight decline in profitability per share[12] - The group reported a profit attributable to owners of the company of HKD 89,411,000 for the six months ended June 30, 2023, compared to HKD 95,535,000 for the same period in 2022[84] Dividends and Shareholder Returns - The company declared a dividend of HKD 14,354,000 for the period, compared to HKD 9,570,000 in the previous year, indicating a significant increase in shareholder returns[12] - The company declared an interim dividend of HKD 0.03 per share[83] - The interim dividend declared is HKD 0.03 per share, an increase from HKD 0.02 per share in the previous year[157] Debt and Financing - As of June 30, 2023, the net bank loans amounted to HKD 670,600,000, down from HKD 806,000,000 as of December 31, 2022, showing a reduction in debt levels[3] - The company reported a financing cost of HKD 44,200,000 for the period, which increased from HKD 21,461,000 in the previous year, indicating higher borrowing costs[12] - The profit attributable to the company's owners for the six months ended June 30, 2023, was HKD 89,400,000, down from HKD 95,500,000 in the previous year, primarily due to increased financing costs of HKD 22,700,000[158] - The company has entered into an interest rate swap agreement with a notional principal amount of HKD 1,500,000,000 to hedge against interest rate risks[158] - The company has established interest rate swap contracts to hedge against the risk of rising interest rates on floating-rate loans[36] Assets and Equity - The total equity attributable to the company's owners as of June 30, 2023, was HKD 4,387,366,000, slightly down from HKD 4,413,093,000 at the end of 2022[28] - The company’s total equity as of June 30, 2023, was HKD 4,387,366,000, a decrease from HKD 4,478,537,000 as of January 1, 2022[29] - As of June 30, 2023, total assets reported were HKD 7,202,586,000, a decrease from HKD 7,392,372,000 as of December 31, 2022[49] - The fair value of investment properties as of June 30, 2023, was HKD 1,959,947,000, slightly up from HKD 1,959,215,000 at the end of 2022[115] Operational Efficiency - The company experienced a decrease in employee benefit expenses to HKD 209,319,000 from HKD 235,444,000, reflecting cost management efforts[12] - The total operating expenses for the six months ended June 30, 2023, amounted to HKD 118,965,000, compared to HKD 117,195,000 for the same period in 2022[79] - The depreciation expense for property, plant, and equipment was HKD 34,886,000 for the six months ended June 30, 2023, compared to HKD 35,651,000 for the same period in 2022[79] Segment Performance - For the six months ended June 30, 2023, external revenue from the EMS segment was HKD 1,649,523,000, compared to HKD 1,528,011,000 for the same period in 2022, representing an increase of 7.97%[48] - The EMS segment reported a profit of HKD 74,500,000 for the six months ended June 30, 2023, compared to HKD 41,200,000 for the same period in 2022, indicating a significant improvement[48] - The property holding segment reported a profit of HKD 54,559,000 for the six months ended June 30, 2023, compared to HKD 54,753,000 for the same period in 2022, showing a slight decline[48] Cash Flow and Liquidity - The group’s cash and cash equivalents at the beginning of the period were HKD 20,109,000, increasing to HKD 20,304,000 by June 30, 2023[69] - Cash and cash equivalents, short-term bank deposits, and restricted cash totaled HKD 1,243,000,000 as of June 30, 2023, compared to HKD 1,217,000,000 in December 2022[180] Risk Management - The company is aware of the currency risk from RMB fluctuations and will closely monitor and actively manage the associated risks[181] - The company does not use any foreign exchange hedging products, aligning with its prudent financial risk management policies[181] - The company has taken measures to hedge against rising interest rates, which are expected to remain high in the second half of the year[151] Economic Environment - Global economic conditions remain uncertain, with potential impacts from ongoing inflation and rising bank interest rates affecting recovery[183] - The semiconductor and component shortages have further eased, significantly shortening delivery cycles, but geopolitical tensions may still impact profitability in the second half of the year[183] Employee and Corporate Governance - The company has approximately 3,000 employees and regularly reviews its compensation policies, which include year-end bonuses and performance-based discretionary bonuses[163] - The company is committed to maintaining strict confidentiality regarding all reports and ensuring that whistleblowers are protected from retaliation[174]

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，概不對因本公佈全部或任 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。 （於百慕達註冊成立之有限公司） （股份代號：99） 截至二零二三年六月三十日止六個月之中期業績 財務摘要： • 本公司擁有人應佔利潤為港幣89,400,000元。 • EMS部門利潤增加港幣33,300,000元，乃因外部客戶銷售額增加、成本效益 改善及人民幣貶值所致。 未經審核中期業績 王氏國際集團有限公司（「本公司」）董事會（「董事會」或「董事」）欣然公佈本公司 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之未經審核簡明 綜合業績如下： ...

Financial Performance - The profit attributable to owners for the year ended December 31, 2022, was HK$112.4 million, an increase from HK$89.5 million in the previous financial year[18]. - Earnings per share for the year was HK$0.23, compared to HK$0.19 for the last financial year[31]. - The Group's revenue for the year ended December 31, 2022, was HK$3,466.7 million, up from HK$3,256.7 million in the previous year, representing a growth of approximately 6.4%[31]. - Operating profit for the year ended December 31, 2022, was HK$241.2 million, significantly higher than HK$120.3 million in the last financial year, indicating an increase of about 100%[31]. - Revenue for the EMS Division for the year ended December 31, 2022, was HK$3,404.5 million, an increase from HK$3,192.7 million in the previous financial year[59]. - Segment profit attributable to the EMS Division was HK$157.2 million, representing a 91.4% increase compared to HK$82.1 million in the last financial year[59]. - The Group's operating profit margin improved to 7.0% in 2022 from 3.7% in 2021[138]. Dividends - An interim dividend of HK$0.02 per share was paid for 2022, up from HK$0.015 in 2021, and a final dividend of HK$0.045 per share is recommended for payment[19]. - The company plans to hold its annual general meeting on June 1, 2023, where the proposed final dividend will be subject to shareholder approval[19]. Property and Investments - The Property Holding Division reported revenue of HK$62.2 million, a decrease from HK$64.0 million in the previous year, with a segment loss of HK$88.1 million compared to a profit of HK$66.5 million last year[25]. - The Group recognized a gain of HK$117.1 million from the deemed disposal of an associate, B.Duck Semk Holdings International Limited[53]. - The Group's properties and joint ventures experienced a decrease in value totaling HK$153.4 million[53]. - The Group experienced a foreign exchange difference totaling HK$22.7 million, which was offset by a decrease in property values amounting to HK$153.4 million[9]. Workforce and Training - The Group's total workforce at the end of the reporting period was 3,051 employees, with a turnover rate of 13.2% for employee benefit expenses to revenue[100]. - The Group has trained 98.0% of male employees and 97.1% of female employees in 2022, showing an increase from 89.7% and 92.2% in 2021 respectively[132]. - The average training hours completed per male employee decreased to 24.4 hours in 2022 from 25.4 hours in 2021, while female employees' average training hours decreased to 23.8 hours from 32.6 hours[132]. - The Group had no work-related fatalities in the past three years, including the reporting year, with 47 days lost due to work injury during the reporting period[129]. - The Group employed approximately 3,100 employees as of December 31, 2022, with a compensation policy based on job nature, qualifications, and experience[139]. Community Engagement and ESG - The Group is committed to environmental measures and has appointed an independent ESG consultant for continuous improvement[72]. - The Group has developed a climate change strategy to address potential climate-related risks and their financial impacts[69]. - The Group's community service efforts in 2022 concentrated on supporting the elderly and providing epidemic prevention materials[87]. - The Group donated approximately HK$216,000 during the reporting period for community activities, including contributions for poverty alleviation and humanitarian assistance[135]. - The Group has been awarded the Caring Company Logo for the eleventh consecutive year, recognizing its active participation in community activities[91]. Supply Chain and Cost Management - The Group is implementing strict cost-saving measures and aims to improve operating efficiency in response to rising costs and supply chain uncertainties[115]. - The Group is focused on addressing material shortages by exploring alternative supply sources and providing timely feedback to customers[115]. - The Company had a total of 645 suppliers in 2022, an increase from 493 in 2021, representing a growth of approximately 30.8%[178]. - The number of suppliers in Hong Kong rose to 192 in 2022 from 169 in 2021, while Mainland suppliers increased to 276 from 204, indicating a growth of 13.7% and 35.3% respectively[178]. - The Group has taken measures to hedge against the risks of rising interest rates, ensuring financial stability[119]. Corporate Governance - The Company emphasizes a quality Board and effective risk management as part of its corporate governance practices[180]. - The Company has complied with the Corporate Governance Code, with some deviations noted regarding the roles of the Chairman and CEO[180]. - The Company has adopted a formal procedure for the nomination and appointment of Board members to ensure independence and diversity[163]. - The Company has a balanced composition of Executive and Independent Non-executive Directors to provide diverse expertise[173]. - The Administrative Committee, comprising five Executive Directors, has been established to handle daily operations[184]. - The Company held four regular Board meetings in 2022 to discuss overall strategy, operation, financial performance, and risk management[188]. - The Remuneration Committee reviewed the remuneration paid to Directors and senior management and approved the 2023 remuneration packages for individual Directors[196]. - The Company's Directors' Remuneration Policy aims to establish competitive remuneration to attract and retain Directors, considering their duties, market benchmarks, and performance[198]. - The Nomination Committee was established on December 29, 2021, and is responsible for reviewing the Board's structure and making recommendations on Director appointments[198]. - The Company emphasizes the importance of independent viewpoints in Board decisions through various mechanisms, including formal nomination procedures[187]. - All Directors are encouraged to participate in continuous professional development to enhance their skills[191]. - The Company has implemented training programs for Directors, including reading materials and online training[192]. - The Administrative Committee oversees the implementation of strategies and policies approved by the Board, ensuring compliance and risk management[186]. - The Company has a structured approach to disclosing inside information, with designated officers responsible for assessing its materiality[186].

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，概不對因本公佈全部或任 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。 （於百慕達註冊成立之有限公司） （股份代號：99） 二零二二年度全年業績公佈 財務摘要： • 本公司擁有人應佔利潤（不包括本集團及本集團合營企業持有之物業價值 變動、匯兌差異及視為出售一間聯營公司之收益）增加約港幣36,600,000元 或29.9%。 • EMS部門之利潤增加港幣75,000,000元，乃因材料短缺狀況緩解及營運效率 提高。 全年業績 王氏國際集團有限公司（「本公司」）董事會（「董事會」或「董事」）欣然公佈本公司 ...