香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 HERALD HOLDINGS LIMITED 興利集團有限公司* (於百慕達註冊成立之有限公司) | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 港幣千元 | 港幣千元 | | 收入 | 3 及 4 | 703,704 | 711,337 | | 銷售成本 | | (499,192) | (551,059) | | 毛利 | | 204,512 | 160,278 | | 其他收入 | 5 | 14,694 | 15,213 | | 其他收益淨額 | 5 | 15,480 | 856 | | 分銷費用 | | (12,785) | (11,140) | | 行政費用 | | (179,959) | (173,984) | | 投資物業重估虧損淨額 | | (10,978) | (7,465) | | 經營溢利/（虧損） | | 30,9 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 392,170,000, a decrease of 3.9% from HKD 406,783,000 in the same period last year[3] - Gross profit increased to HKD 114,989,000, up 11.5% from HKD 103,324,000 year-on-year[3] - Operating profit rose significantly to HKD 30,483,000, compared to HKD 10,396,000 in the previous year, marking a 194.5% increase[3] - Net profit for the period was HKD 27,782,000, a substantial increase of 264.5% from HKD 7,628,000 in the prior year[3] - Basic and diluted earnings per share improved to HKD 4.50, up from HKD 1.36 in the same period last year[6] - Total comprehensive income for the period was HKD 37,645,000, compared to a loss of HKD 874,000 in the previous year[8] - Reported segment profit increased significantly to HKD 37,315,000 for the six months ended September 30, 2024, compared to HKD 18,421,000 in 2023, representing a growth of 102.5%[64] - The company reported a pre-tax profit of HKD 30,359,000 for the six months ended September 30, 2024, compared to HKD 9,744,000 in 2023[65] - The net profit attributable to shareholders increased to HKD 27.2 million, compared to HKD 8.2 million in the previous year[102] Revenue Breakdown - Revenue from toy sales for the six months ended September 30, 2024, is HKD 227,268,000, down from HKD 261,917,000 in the same period last year, a decrease of approximately 13%[51] - Revenue from computer products increased to HKD 60,419,000 for the six months ended September 30, 2024, compared to HKD 51,089,000 in the previous year, representing an increase of about 18%[51] - Revenue from watches for the six months ended September 30, 2024, is HKD 104,483,000, up from HKD 93,777,000 in the previous year, indicating an increase of approximately 11%[51] - Revenue from external customers in the toy segment was HKD 227,268,000 for the six months ended September 30, 2024, while the computer products segment generated HKD 60,419,000[58] - Revenue from the toy segment decreased by 13% to HKD 227 million, while operating profit fell from HKD 21.4 million to HKD 15.5 million[102] - The computer products segment saw an 18% increase in revenue to HKD 60 million, with operating profit improving from a loss of HKD 7.5 million to a profit of HKD 2.5 million[102] - The watch segment's revenue increased by 11% to HKD 104 million, with operating profit slightly rising to HKD 7 million from HKD 6.5 million[103] Cash and Assets - Cash and cash equivalents increased to HKD 263,643,000 from HKD 229,188,000, reflecting a growth of 15.0%[10] - Total assets amounted to HKD 629,448,000, an increase from HKD 540,880,000, representing a growth of 16.4%[10] - The total assets of the company as of September 30, 2024, were HKD 883,583,000, an increase from HKD 812,449,000 as of March 31, 2024[66] - Current assets increased to HKD 629 million from HKD 541 million as of March 31, 2024, with inventories at HKD 109 million[107] - The company’s cash and cash equivalents as of September 30, 2024, total HKD 263,643,000, compared to HKD 228,851,000 at the same time last year[43] Liabilities and Equity - Current liabilities rose to HKD 236,172,000 from HKD 180,723,000, indicating an increase of 30.7%[13] - Shareholders' equity increased to HKD 599,030,000 from HKD 580,371,000, reflecting a growth of 3.2%[15] - Total equity as of September 30, 2024, is HKD 655,702,000, with retained earnings of HKD 452,451,000[41] - The total liabilities increased to HKD 271,087,000 as of September 30, 2024, compared to HKD 219,463,000 as of March 31, 2024[66] Cash Flow - Cash generated from operating activities for the six months ended September 30, 2024, is HKD 31,746,000, compared to HKD 63,103,000 in the previous year, indicating a decrease of about 50%[43] - The company reported a net increase in cash and cash equivalents of HKD 32,504,000 for the six months ended September 30, 2024, compared to HKD 59,936,000 in the previous year[43] - Net cash from investing activities for the six months ended September 30, 2024, is HKD 2,871,000, an increase from HKD 395,000 in the same period last year[43] Share Options and Dividends - The company declared an interim dividend of HKD 3 cents per share, amounting to HKD 18,135,000, consistent with the previous year[73] - The company has a total of 60,449,076 shares available for issuance under the 2023 Share Option Scheme, which represents approximately 9.34% of the total issued shares as of the report date[121] - The company has not granted any share options under all share option schemes during the six-month period[125] - The total number of share options available for grant under the 2023 Share Option Scheme remains at 56,449,076 as of both April 1, 2024, and September 30, 2024[125] Corporate Governance - The company has complied with the Corporate Governance Code as per the listing rules during the six-month period ending September 30, 2024[142] - A code of conduct for securities trading by directors has been adopted, and all directors confirmed compliance with the standard code[143] - The audit committee consists of three independent non-executive directors and regularly meets with senior management and external auditors to discuss audit matters and review risk management and internal control systems[138] - The remuneration committee is composed of two independent non-executive directors and one executive director, overseeing the company's compensation policies[139] - The nomination committee includes two executive directors and three independent non-executive directors, responsible for nominating directors and reviewing board structure[141] Employee Information - As of September 30, 2024, the total number of employees in the group is 2,282, a decrease from 2,210 in 2023, with total employee costs amounting to HKD 146,435,000, slightly up from HKD 145,750,000 in 2023[135] - The basic annual salary for Mr. Lai Man Bun has been adjusted from HKD 1,820,000 to HKD 2,340,000 effective September 1, 2024[136]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 392,170,000, a decrease of 3.4% compared to HKD 406,783,000 for the same period in 2023[1] - Gross profit increased to HKD 114,989,000, up 11.4% from HKD 103,324,000 year-over-year[1] - Operating profit surged to HKD 30,483,000, a significant increase from HKD 10,396,000 in the previous year, representing a 193.5% growth[1] - The net profit for the period was HKD 27,782,000, compared to HKD 7,628,000 in the same period last year, marking a 264.5% increase[1] - Basic and diluted earnings per share rose to HKD 4.50, up from HKD 1.36 in the prior year, reflecting a 230.9% increase[3] - Total comprehensive income for the period was HKD 37,645,000, compared to a loss of HKD 874,000 in the previous year[5] - Profit before tax for the six months ended September 30, 2024, was HKD 30,359,000, compared to HKD 9,744,000 for the same period in 2023, an increase of approximately 211.5%[26] Revenue Breakdown - Revenue from toys decreased from HKD 261,917,000 in 2023 to HKD 227,268,000 in 2024, a decline of approximately 13.2%[19] - Revenue from computer products increased from HKD 51,089,000 in 2023 to HKD 60,419,000 in 2024, an increase of approximately 18.5%[19] - Revenue from watches increased from HKD 93,777,000 in 2023 to HKD 104,483,000 in 2024, an increase of approximately 11.4%[19] - The company reported a decrease in revenue from Hong Kong, from HKD 41,999,000 in 2023 to HKD 33,249,000 in 2024, a decline of approximately 20.9%[19] - Revenue from mainland China increased from HKD 35,221,000 in 2023 to HKD 47,735,000 in 2024, an increase of approximately 35.6%[19] Assets and Liabilities - Current assets increased to HKD 629,448,000, up from HKD 540,880,000, indicating a 16.3% growth[7] - Total assets as of September 30, 2024, were HKD 883,583,000, compared to HKD 812,449,000 as of March 31, 2024, an increase of approximately 8.7%[26] - Total liabilities as of September 30, 2024, were HKD 271,087,000, compared to HKD 219,463,000 as of March 31, 2024, an increase of approximately 23.5%[26] - The company's debt-to-asset ratio was 31% as of September 30, 2024, compared to 27% as of March 31, 2024[49] Equity and Dividends - The company's total equity increased to HKD 612,496,000 from HKD 592,986,000, reflecting a 3.5% rise[9] - The company declared a dividend of HKD 18,135,000 to shareholders, compared to no dividends declared in the previous year[7] - The interim dividend declared is HKD 0.03 per share, totaling HKD 18,000,000, consistent with the previous year[52] Employee and Operational Insights - As of September 30, 2024, the total number of employees is 2,282, a slight decrease from 2,210 in the previous year, with total employee costs amounting to HKD 146,435,000, up from HKD 145,750,000[55] - The company continues to focus on expanding its market presence and enhancing product offerings, although specific new products and technologies were not detailed in the report[1] - The company did not purchase, sell, or redeem any of its listed securities during the six-month period ending September 30, 2024[56] Cash and Investments - As of September 30, 2024, the company's cash balance, including pledged bank balances, was HKD 269 million, up from HKD 233 million as of March 31, 2024[47] - The company recorded a net gain of HKD 9.9 million from trading securities, compared to a net loss of HKD 4.8 million in the previous year[44] - The company has no significant contingent liabilities as of September 30, 2024[50]

● ● ● ● ● ● ● 2 18 41 45 120 公司資料 獨立非執行董事 律師 香港金鐘道89號力寶中心第2期31樓3110室 主要股份登記處 . . | --- | --- | --- | |------------------------------|----------------|----------------| | 資產總值 | 812,449 | 903,505 | | 負債總額 | 219,463 | 247,803 | | 資產淨值 | 592,986 | 655,702 | | 股東應佔資產淨值 | 580,371 | 642,415 | | 每股股東應佔資產淨值（港元） | 0.96 | 1.06 | | 已發行及實收股數 | 604,490,763 股 | 604,490,763 股 | 本人謹代表董事會向股東提呈興利集團有限公司（「本公司」）及其附屬公司（以下統稱「本集團」）截至二零二四年三月三 十一日止年度之年報。 玩具部 電腦製品部於截至二零二四年三月三十一日止年度之收入由前年度之港幣127,000,000元下跌18%至港幣104,000,000 元，而經營虧損由前年度 ...

Financial Performance - The group reported a net realized and unrealized loss of HKD 3,000,000 for the year ending March 31, 2024, compared to a loss of HKD 5,000,000 in 2023[1]. - The group reported a loss attributable to shareholders of HKD 14,783,000 for the year, compared to a profit of HKD 82,327,000 in the previous year[15]. - Total comprehensive income for the year was a loss of HKD 26,446,000, down from a total of HKD 61,132,000 in the previous year[17]. - The group's revenue for the year ended March 31, 2024, was HKD 711,337,000, a decrease of 43.7% compared to HKD 1,262,978,000 for the previous year[27]. - Gross profit for the same period was HKD 160,278,000, down 46.4% from HKD 299,767,000 year-on-year[27]. - The group reported a net loss of HKD 14,783,000 for the year, compared to a profit of HKD 82,288,000 in the previous year[27]. - Revenue from toy sales was HKD 407,943,000, a significant decline from HKD 973,458,000 in the prior year, representing a drop of 58.1%[25]. - Revenue from the computer products division fell by 18% from HKD 127 million to HKD 104 million, with operating losses increasing from HKD 2.7 million to HKD 6.5 million[57]. - Comprehensive income for the current year was HKD (17.36) million, down from HKD 117.88 million in the previous year[56]. Income and Expenses - Dividend and interest income from trading securities amounted to HKD 2,700,000, an increase from HKD 2,000,000 in the previous year[1]. - Administrative expenses decreased to HKD 173,984,000 from HKD 196,351,000, reflecting a reduction of 11.3%[27]. - The group recognized other income of HKD 15,213,000, an increase from HKD 10,317,000 in the previous year, marking a growth of 47.5%[27]. - The group’s financing costs decreased to HKD 1,115,000 from HKD 3,078,000, a reduction of 63.7%[27]. - Interest income increased significantly from HKD 636,000 to HKD 2.07 million, marking a rise of over 225%[48]. - The company reported a comprehensive interest expense reduction from HKD 3.08 million to HKD 1.12 million, a decrease of approximately 63.7%[48]. - Total employee costs for the year were HKD 281.54 million, a decrease from HKD 409.40 million in the previous year[107]. Assets and Liabilities - The total liabilities of the group as of March 31, 2024, were HKD 592,986,000, down from HKD 655,702,000 the previous year[31]. - Total assets decreased from HKD 903.5 million to HKD 812.45 million, a reduction of approximately 10%[56]. - Total liabilities decreased from HKD 247.8 million to HKD 219.46 million, reflecting a decline of about 11.5%[56]. - The group maintained a strong financial position with no outstanding bank loans as of March 31, 2024, compared to a revolving loan of HKD 10 million in the previous year[81]. - Total assets as of March 31, 2024, amounted to HKD 812 million, down from HKD 903 million in 2023, with current liabilities at HKD 181 million and non-current liabilities at HKD 39 million[80]. - The group’s total liabilities were HKD 132.018 million for the toy segment, HKD 12.511 million for computer products, and HKD 21.569 million for watches and electronics[64]. Dividends - The company plans to maintain a dividend of HKD 0.03 per share, consistent with the previous year, totaling HKD 36.27 million[50]. - The proposed final dividend amounts to HKD 18.1 million, subject to shareholder approval at the annual general meeting[85]. - The company plans to propose a final dividend of HKD 0.03 per share at the annual general meeting, maintaining the total annual dividend at HKD 0.06 per share, consistent with the previous year[105]. Market Challenges and Strategies - The toy division is expected to face challenges due to delays and cancellations of related movie releases, leading to anticipated sales declines[4]. - The computer products division is working to expand its customer base as inventory issues with a major client have gradually improved[4]. - The group aims to maintain competitiveness despite facing a challenging market environment in the new fiscal year[104]. Foreign Exchange and Risk Management - The group is closely monitoring foreign exchange risks associated with transactions in currencies such as RMB, USD, and GBP[103]. Employment - The group employs approximately 126 people in Hong Kong, 2,020 in mainland China, and 31 in Europe[107]. Other Information - The group applied the practical expedient under HKFRS 15, exempting the disclosure of expected future revenue from contracts with customers that are expected to last one year or less[26]. - The group has no significant contingent liabilities as of March 31, 2024[82]. - The board has established a remuneration committee consisting of two independent non-executive directors and one executive director[110]. - The company has no plans to purchase, sell, or redeem any of its listed securities during the fiscal year ending March 31, 2024[108].

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 406,783,000, a decrease of 49.7% compared to HKD 808,531,000 in the same period of 2022[31]. - Gross profit for the same period was HKD 103,324,000, down 43.6% from HKD 182,933,000 year-over-year[31]. - The operating profit before financing costs was HKD 10,396,000, a significant decline of 84.3% from HKD 66,157,000 in the previous year[31]. - The net profit for the period was HKD 7,628,000, representing a decrease of 82.5% compared to HKD 43,759,000 in the prior year[31]. - Earnings per share for the period was HKD 1.36, down from HKD 7.28 in the same period last year[32]. - The company’s total comprehensive income for the period was HKD 7,628,000, compared to a loss of HKD 8,502,000 in the previous period, indicating a turnaround[22]. Assets and Liabilities - Total equity attributable to shareholders as of September 30, 2023, is HKD 624,201,000, a decrease from HKD 642,415,000 as of March 31, 2023, representing a decline of approximately 2.8%[26]. - The company’s total liabilities decreased from HKD 655,702,000 as of March 31, 2023, to HKD 636,693,000 as of September 30, 2023, a reduction of approximately 2.9%[26]. - The company’s total assets as of September 30, 2023, amounted to HKD 893,002,000, a slight increase from HKD 883,105,000 as of March 31, 2023[12]. - The total assets less current liabilities as of September 30, 2023, amounted to HKD 683,894,000, down from HKD 706,737,000 as of March 31, 2023, reflecting a decrease of 3.2%[58]. - The net asset value as of September 30, 2023, was HKD 636,693,000, a decline of 2.9% from HKD 655,702,000 as of March 31, 2023[58]. Cash Flow and Liquidity - The company reported a net cash generated from operating activities of HKD 63,103,000 for the six months ended September 30, 2023, compared to HKD 29,268,000 for the same period in 2022, indicating a growth of 115%[14]. - Cash and cash equivalents increased to HKD 228,851,000 as of September 30, 2023, up from HKD 170,330,000 as of March 31, 2023, marking a growth of 34.3%[14]. - The group maintained a strong cash position with total cash reserves, including pledged bank balances, of HKD 232 million as of September 30, 2023, compared to HKD 171 million as of March 31, 2023[125]. - The current ratio, representing the company's liquidity, was 2.84 times as of September 30, 2023, compared to 2.98 times on March 31, 2023[174]. - The quick ratio improved from 1.49 times on March 31, 2023, to 1.77 times as of September 30, 2023[174]. Revenue Breakdown - Revenue from toys was HKD 261,917,000, a decrease of 59.3% from HKD 643,470,000 in the previous year[46]. - Revenue from computer products was HKD 51,089,000, down 38.6% from HKD 82,886,000 year-over-year[46]. - Revenue from watches increased to HKD 93,777,000, up 14.5% from HKD 82,175,000 in the previous year[46]. - Revenue from North America for the six months ended September 30, 2023, was HKD 193,186,000, a significant decrease of 62.5% from HKD 515,145,000 in the previous year[68]. - The revenue from the toy division was HKD 262 million, a decrease of 59% compared to HKD 643 million in the previous year, primarily due to a tightening consumer environment and retailers reducing inventory levels[171]. Shareholder Information - The company declared an interim dividend of HKD 0.03 per share, consistent with the previous year[85]. - The interim dividend will be distributed on January 17, 2024, to shareholders registered by January 4, 2024[128]. - The company has 4 million stock options outstanding from the 2013 stock option plan, representing approximately 0.66% of the issued shares[113]. - The new stock option plan adopted on September 19, 2023, allows for the issuance of up to 56,449,076 shares, approximately 9.34% of the issued shares[113]. - The company’s major shareholders include Moral Excel Holdings Ltd and HSBC International Trustee Ltd, each holding 10.70% of the issued shares[184]. Operational Insights - The company expressed concerns about the performance in the second half of the fiscal year due to a weak toy division and inventory issues with a major customer in the computer products division[104]. - The company has ongoing research and development efforts in new products, although specific details were not provided in the extracted data[67]. - The company is exploring market expansion opportunities, particularly in regions outside of North America, as indicated by the revenue from other regions[68]. - The company is also considering strategic initiatives related to mergers and acquisitions to enhance its market position, although specific plans were not detailed in the extracted data[67]. Employee and Cost Management - The company's employee count as of September 30, 2023, was 139 in Hong Kong, 2,038 in Mainland China, and 33 in Europe, with total employee costs amounting to HKD 145,750,000, down from HKD 274,549,000 in the previous year[188]. - The total short-term employee benefits for the six months ended September 30, 2023, were HKD 14,556,000, compared to HKD 13,026,000 in the previous year[197]. - The company’s total employee costs for the review period were significantly reduced, indicating a strategic focus on cost management[188].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 HERALD HOLDINGS LIMITED 興利集團有限公司* (於百慕達註冊成立之有限公司) （股份代號：00114） 截至二零二三年九月三十日止六個月之中期業績公告 業績 興利集團有限公司（「本公司」）董事會（「董事會」）謹提呈本公司及其附屬公司（統稱 「本集團」）截至二零二三年九月三十日止六個月未經審核之綜合業績連同二零二二年同期 之比較數字如下： 綜合損益表 – 未經審核 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 附註 二零二三年 二零二二年 港幣千元 港幣千元 收入 3 406,783 808,531 銷售成本 (303,459) (625,598) 毛利 103,324 182,933 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 HERALD HOLDINGS LIMITED 興利集團有限公司* (於百慕達註冊成立之有限公司) (股份代號：00114) 截至二零二三年三月三十一日止年度之全年業績公告 興利集團有限公司（「本公司」）董事會（「董事會」）謹提呈本公司及其附屬公司 （統稱「本集團」）截至二零二三年三月三十一日止年度之綜合業績，連同去年之比 較數字及部份相關的附註解釋如下： 綜合損益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 港幣千元 港幣千元 收入 3 及 4 1,262,978 1,175,142 銷售成本 (963,211) (1,055,156) 毛利 299,767 119,986 其他收入 5 10,317 11,861 其他收益/（虧損）淨額 5 15,644 (5,915) 分銷費用 (10,181) (11,414) ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 808,531,000, an increase of 45% compared to HKD 558,541,000 for the same period in 2021[6] - Gross profit for the same period was HKD 182,933,000, up from HKD 58,444,000, reflecting a significant improvement in profitability[6] - Operating profit for the six months was HKD 66,157,000, compared to an operating loss of HKD 35,385,000 in the previous year[6] - Net profit attributable to shareholders was HKD 44,025,000, a turnaround from a loss of HKD 31,379,000 in the prior year[7] - Basic and diluted earnings per share for the period were HKD 7.28, compared to a loss per share of HKD 5.19 in the previous year[7] - Total comprehensive income for the period was HKD 8,339,000, compared to a loss of HKD 27,601,000 in the same period last year[9] - The company's reported segment revenue for the six months ended September 30, 2022, was HKD 810,158,000, a significant increase from HKD 559,878,000 in the same period last year, representing a growth of approximately 45%[44] - The overall revenue from external customers reached HKD 808,531,000, compared to HKD 558,541,000 in the previous year, indicating a year-over-year increase of about 45%[44] - The reported segment profit for the six months ended September 30, 2022, was HKD 72,338,000, a turnaround from a loss of HKD 27,800,000 in the same period last year[45] - The toy division achieved a record revenue of HKD 643 million, a 60% increase from HKD 401 million in the previous year, due to increased demand following the easing of COVID-19 restrictions[85] - The watch division's revenue decreased by 14% to HKD 82 million from HKD 96 million in the previous year, attributed to reduced promotional activities and a weak UK market[85] - The computer products division's revenue increased by 35% to HKD 83 million from HKD 62 million in the previous year, with an operating profit of HKD 4 million compared to a loss of HKD 1.7 million in the previous year[86] Assets and Liabilities - Non-current assets decreased to HKD 346,024,000 from HKD 392,763,000 as of March 31, 2022[11] - Current assets increased to HKD 642,265,000 from HKD 579,700,000, indicating improved liquidity[11] - Total liabilities increased to HKD 315,619,000 from HKD 294,059,000, reflecting a rise in current liabilities[13] - Total equity decreased to HKD 621,044,000 from HKD 630,840,000, showing a slight decline in shareholder equity[16] - Total equity value reached HKD 718,585,000, a decrease of HKD 30,841,000 compared to the previous period[21] - Retained earnings amounted to HKD 503,811,000, reflecting a decrease of HKD 31,379,000[21] - The total assets of the company as of September 30, 2022, amounted to HKD 989,269,000, up from HKD 972,463,000 as of March 31, 2022[47] - The total liabilities increased to HKD 368,225,000 as of September 30, 2022, compared to HKD 341,623,000 as of March 31, 2022[47] Cash Flow - Cash generated from operating activities was HKD 29,302,000, a significant improvement from a cash outflow of HKD 96,356,000 in the previous year[25] - The company reported a net cash increase of HKD 13,733,000, compared to a decrease of HKD 54,851,000 in the prior period[25] - The company’s cash and cash equivalents as of September 30 totaled HKD 99,200,000, down from HKD 113,957,000 at the same time last year[25] - As of September 30, 2022, the group's cash balance was HKD 102 million, up from HKD 91 million as of March 31, 2022[89] Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.03 per share, consistent with the previous year, amounting to HKD 18,135,000[55] - Major shareholders include Ms. Wu Yaozhi with 106,639,893 shares (17.64%), and Ms. Zhang Yi with a total of 69,504,057 shares (11.50%) including personal and spouse holdings[115] - Moral Excel Holdings Ltd. and HSBC International Trustee Ltd. each hold 64,689,760 shares, accounting for 10.70% of the issued shares[115] - Ms. Zhang Qin holds 64,104,057 shares, representing 10.60% of the issued shares[115] - The group’s issued and paid-up capital was HKD 47,150,000 as of September 30, 2022, with 604,491 thousand shares issued[69] Employee and Governance - As of September 30, 2022, the total employee count was 4,132, with 138 in Hong Kong, 3,961 in Mainland China, and 33 in Europe, compared to 142, 5,751, and 32 respectively in the previous year[122] - Total employee costs for the review period amounted to HKD 274,549,000, an increase from HKD 252,482,000 in the previous year, reflecting a commitment to competitive compensation[122] - The Audit Committee consists of three independent non-executive directors and regularly meets with senior management and external auditors to discuss audit matters and review risk management[124] - The Remuneration Committee is composed of two independent non-executive directors and one executive director, overseeing the compensation policies[125] - The Nomination Committee includes two executive directors and three independent non-executive directors, responsible for nominating directors and reviewing board structure[126] - The company adhered to the Corporate Governance Code as per the listing rules during the six-month period ending September 30, 2022[128] Market Outlook - The overall order volume as of the end of October 2022 decreased by 39% compared to the same period last year, raising concerns about the group's performance in the second half of the fiscal year[88] - The company is focused on expanding its market presence and enhancing product offerings in the toy and electronics sectors[30]

Financial Performance - The company's revenue for the year ended March 31, 2022, increased by 16% to HKD 1,175,142,000 from HKD 1,012,000,000 in the previous year[11]. - The company reported a net loss attributable to shareholders of HKD 61,147,000, compared to a net profit of HKD 33,921,000 in the prior year[7]. - The toy division's revenue rose by 23% to HKD 845,000,000, despite facing significant operational challenges[12]. - The computer products division's revenue increased by 45% to HKD 132,000,000, with a reduction in operating loss from HKD 11,300,000 to HKD 700,000[13]. - The watch division achieved a revenue increase of 32% to HKD 199,000,000, resulting in an operating profit of HKD 24,900,000[14]. Assets and Liabilities - The total assets of the group as of March 31, 2022, were HKD 972,463,000, up from HKD 948,346,000 the previous year[8]. - The total liabilities increased to HKD 341,623,000 from HKD 229,761,000, indicating a rise in financial obligations[8]. - As of March 31, 2022, the group's current liabilities increased from HKD 188 million to HKD 294 million, with bank loans amounting to HKD 54 million compared to HKD 1 million in the previous year[19]. - The group's debt-to-asset ratio as of March 31, 2022, was 35%, up from 24% in the previous year, indicating a significant increase in leverage[19]. Liquidity and Equity - Cash reserves decreased to HKD 91,000,000 from HKD 171,000,000, reflecting a reduction in liquidity[18]. - The company maintained a stable financial position with total equity attributable to shareholders at HKD 617,070,000, down from HKD 706,816,000[8]. - The operating liquidity ratio decreased to 1.97 times from 3.05 times year-on-year, while the quick ratio fell from 1.52 times to 0.71 times, reflecting a decline in short-term liquidity[19]. Dividends - The board proposed a final dividend of HKD 0.03 per share, maintaining the total annual dividend at HKD 0.06 per share, resulting in an annual return rate of 10.0% compared to 9.5% in the previous year[24]. - The total amount of dividends proposed for the final dividend is HKD 18,135,000, unchanged from the previous year[44]. - The company proposed a final dividend of HKD 0.03 per share for the year ending March 31, 2022, consistent with the previous year[40]. Shareholder Information - As of March 31, 2022, Dr. Zhang Zengji holds a total of 106,639,893 shares, representing 17.64% of the issued shares[57]. - Robert Dorfman holds 51,471,000 shares, accounting for 8.51% of the issued shares[57]. - Major shareholders include Ms. Wu Yaozhi with 106,639,893 shares (17.64%) and Ms. Zhang Yi with 69,504,057 shares (11.50%)[73]. Environmental and Social Responsibility - Total greenhouse gas emissions increased to 20,285.8 tons CO2 equivalent, up from 17,872.1 tons in the previous year, representing an increase of 7.8%[106]. - Industrial wastewater discharge totaled 775.0 cubic meters, a 37.5% increase from 564.0 cubic meters in the previous year[106]. - Hazardous waste emissions rose to 31.5 tons, up from 21.6 tons, marking a 46.0% increase year-over-year[106]. - The company aims to reduce hazardous waste emissions per employee by 2% in the coming year through investments in UV printing technology[107]. Governance and Compliance - The company is committed to compliance with legal and regulatory requirements, as well as adherence to corporate governance codes[169]. - The independent auditor's report confirms the responsibility of the directors to prepare true and fair financial statements in accordance with applicable laws and accounting standards[171]. - The board is responsible for maintaining an effective internal control and risk management system to protect shareholder interests and group assets[174]. Employee Information - The total number of employees as of March 31, 2022, is approximately 6,026, with 141 in Hong Kong, 5,854 in mainland China, and 31 in Europe[87]. - Employee turnover rate was 14.21%, with male turnover at 15.55% and female turnover at 12.95%[118]. - 100% of all employees received training during the reporting period, with 100% for both male and female employees[127]. Audit and Financial Reporting - The auditor's fees for the fiscal year included HKD 3,366,000 for audit services and HKD 433,000 for non-audit services, totaling HKD 3,799,000[170]. - The audit committee assists the board in overseeing the financial reporting process[193]. - The auditor must report any significant deficiencies in internal control identified during the audit to the audit committee[199].