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 | | | 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) | 00114 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | 本月底法定/註冊股本總額： USD 10,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 F ...

獨立非執行董事 李大壯SBS，OM，太平紳士 吳梓堅EdD，CA (AUST.)，FCPA 王秀玲FCPA 秘書 股份代號 : 00114 年 報 2025 目錄 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 3 | | 主席報告書 | 4 | | 董事會報告書 | 7 | | 環境、社會及管治報告 | 18 | | 企業管治報告 | 30 | | 獨立核數師報告 | 37 | | 綜合損益表 | 41 | | 綜合損益及其他全面收入表 | 42 | | 綜合財務狀況表 | 43 | | 綜合權益變動表 | 45 | | 綜合現金流量表 | 46 | | 財務報表附註 | 47 | | 五年財務概要 | 117 | | 投資物業資料 | 118 | | 股東權利 | 119 | 公司資料 執行董事 Robert Dorfman 主席 黎文斌ACG，HKACG，CPA 董事總經理 張曾基PhD，Hon LLD，Hon DBA，太平紳士 黎智健CPA 主要銀行 中國建設銀行（亞洲）股份有限公司 富邦銀行（香港）有限公司 核數師 畢馬威會計師事務所 執業會計師 根據《會計及財務匯報局條例》 ...

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]

[Company Information](index=3&type=section&id=Company%20Information) This section outlines Stelux Group's fundamental company information, detailing board members, auditors, and registered and head office contact details - Independent Non-Executive Directors include Li Tat Chung, Yeap Wen Jie, Ng Tsz Kin, and Wong Sau Ling[346](index=346&type=chunk) - The company's auditor is KPMG[347](index=347&type=chunk) - The company's registered office is in Bermuda, with its Hong Kong head office located in Lippo Centre, Admiralty, Hong Kong[326](index=326&type=chunk)[346](index=346&type=chunk) [Financial Highlights](index=4&type=section&id=Financial%20Highlights) This section summarizes Stelux Group's FY2024 financial performance and position, noting significant revenue decline, a shift to loss, and stable dividends 2024 Financial Year Key Financial Data (Consolidated Statements) | Indicator | FY2024 (HK$ Thousand) | FY2023 (HK$ Thousand) | | :--- | :--- | :--- | | Revenue | 711,337 | 1,262,978 | | Operating (Loss)/Profit | (16,242) | 120,957 | | (Loss)/Profit Attributable to Shareholders | (14,385) | 82,327 | | Dividends Paid and Proposed | 36,270 | 36,270 | | Basic (Loss)/Earnings Per Share (HK Cents) | (2.38) | 13.62 | | Dividends Paid and Proposed Per Share (HK Cents) | 6 | 6 | 2024 Financial Year Balance Sheet Summary (Consolidated Statements) | Indicator | FY2024 (HK$ Thousand) | FY2023 (HK$ Thousand) | | :--- | :--- | :--- | | Total Assets | 812,449 | 903,505 | | Total Liabilities | 219,463 | 247,803 | | Net Assets | 592,986 | 655,702 | | Net Assets Attributable to Shareholders | 580,371 | 642,415 | | Net Assets Attributable to Shareholders Per Share (HK$) | 0.96 | 1.06 | [Chairman's Statement](index=5&type=section&id=Chairman%27s%20Statement) The Chairman's Statement reports a 44% revenue drop and net loss for FY2024, primarily due to weak toy demand and absence of prior property sale gains, with strong watch division performance and stable dividends - Group revenue decreased by **44%** year-on-year to **HK$711 million**, shifting from a net profit of **HK$82.3 million** last year to a net loss of **HK$14.4 million** this year[329](index=329&type=chunk) - Toy division revenue fell by **58%** to **HK$408 million**, turning an operating profit into an operating loss of **HK$9.5 million**, mainly due to a tight consumer environment and retailers reducing inventory[350](index=350&type=chunk) - Computer products division revenue decreased by **18%** to **HK$104 million**, with operating loss increasing to **HK$6.5 million**, due to significant delays in shipments caused by major customers' excessive inventory[8](index=8&type=chunk) - Watch division revenue grew by **22%** to **HK$199 million**, and operating profit increased by **58%** to **HK$22.5 million**, benefiting from strong consumer demand for watches[331](index=331&type=chunk) - Group cash balance (including pledged bank balances) increased to **HK$233 million** (last year: **HK$171 million**)[11](index=11&type=chunk) - The Group's gearing ratio is **27%**, current ratio is **2.99 times**, and quick ratio is **1.80 times**, indicating a sound financial position[334](index=334&type=chunk) - A final dividend of **HK$0.03** per share is proposed, totaling **HK$0.06** per share for the full year, representing a **12.5%** return[14](index=14&type=chunk) [Directors' Report](index=8&type=section&id=Directors%27%20Report) The Directors' Report outlines the Group's main business, key risks, compliance, employee relations, customer/supplier information, board and management structure, remuneration, share option schemes, and major shareholder holdings - The Group's principal activities are the manufacturing, sale, and distribution of toys, computer products, watches, electronic products, and gifts[339](index=339&type=chunk) - Key risks include global economic slowdown, increased competition, rising raw material and labor costs, and stricter regulations[17](index=17&type=chunk) - The Group has established an enterprise risk management mechanism and complies with laws and regulations significantly impacting its operations[43](index=43&type=chunk)[361](index=361&type=chunk) 2024 Financial Year Major Customer and Supplier Proportions | Category | Sales Proportion | Procurement Proportion | | :--- | :--- | :--- | | Largest Customer | 41% | - | | Top Five Largest Customers Combined | 64% | - | | Largest Supplier | - | 11% | | Top Five Largest Suppliers Combined | - | 34% | - The Board of Directors includes Chairman Robert Dorfman, Managing Director Lai Man Bun, Executive Director Cheung Tsang Kay, and four Independent Non-Executive Directors[148](index=148&type=chunk) - The Group adopted a new 2023 Share Option Scheme, replacing the 2013 scheme, with a total of **60,449,076 shares** available for issue (**9.34%** of issued shares); no options were granted this financial year[372](index=372&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk) Major Shareholder Holdings (as at March 31, 2024) | Shareholder Name | Number of Shares Held | Percentage of Issued Shares | | :--- | :--- | :--- | | Ms. Ng Yiu Chi | 106,639,893 | 17.64% | | Ms. Cheung Yee | 69,504,057 | 11.50% | | Ms. Cheung Kan | 65,536,303 | 10.84% | | Mr. Tong Sek King | 65,536,303 | 10.84% | | Moral Excel Holdings Ltd | 64,689,760 | 10.70% | | HSBC International Trustee Ltd | 64,689,760 | 10.70% | Directors' Basic Remuneration Update (Effective July 1, 2024) | Director | Updated Annual Basic Remuneration (HK$ Thousand) | Previous Annual Basic Remuneration (HK$ Thousand) | | :--- | :--- | :--- | | Mr. Robert Dorfman | 3,484 | 4,355 | | Dr. Cheung Tsang Kay | 3,276 | 4,095 | [Environmental, Social and Governance Report](index=19&type=section&id=Environmental%2C%20Social%20and%20Governance%20Report) This report details Stelux Group's Environmental, Social, and Governance (ESG) strategies, performance, and commitments, with the Board assuming overall responsibility and management executing daily tasks, covering environmental emissions, resource use, employment, health and safety, training, labor standards, supply chain, product responsibility, anti-corruption, and community investment, all in accordance with HKEX ESG Reporting Guide [ESG Governance and Reporting Scope](index=19&type=section&id=5.1%20ESG%20Governance%20and%20Reporting%20Scope) The Group's Board is responsible for ESG strategy formulation and oversight, with management handling daily execution; the reporting period is April 1, 2023, to March 31, 2024, covering all Group manufacturing operations and adhering to the HKEX ESG Reporting Guide - The Board assumes overall responsibility for the Group's ESG strategy and reporting, with management responsible for daily execution[73](index=73&type=chunk)[316](index=316&type=chunk) - The reporting period is from April 1, 2023, to March 31, 2024, prepared annually, covering three major manufacturing subsidiaries with no change from the previous year[74](index=74&type=chunk)[75](index=75&type=chunk)[94](index=94&type=chunk) - The report is prepared in accordance with Appendix C2 "Environmental, Social and Governance Reporting Guide" of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, adhering to principles of materiality, quantification, balance, and consistency[76](index=76&type=chunk)[96](index=96&type=chunk)[299](index=299&type=chunk)[317](index=317&type=chunk) [Environmental Performance](index=21&type=section&id=5.2%20Environmental%20Performance) The Group is committed to minimizing environmental impact and responsible resource use, with significant reductions in 2024 GHG emissions, industrial wastewater, hazardous and non-hazardous waste, electricity, tap water, and packaging material consumption, targeting less than 5% increase in emissions and consumption for the next year 2024 Financial Year Emissions Data (Year-on-Year) | Indicator | Unit | FY2024 | FY2023 | | :--- | :--- | :--- | :--- | | Greenhouse Gas – Scope 2 (Total Emissions) | CO2e (Tonnes) | 7,209.6 | 17,706.4 | | Greenhouse Gas – Scope 2 (Emissions Per Employee) | CO2e (Tonnes) | 2.8 | 3.6 | | Industrial Wastewater (Total Emissions) | Cubic Meters | 236.0 | 241.6 | | Industrial Wastewater (Emissions Per Employee) | Cubic Meters | 0.093 | 0.050 | | Hazardous Waste (Total Emissions) | Tonnes | 9.8 | 22.6 | | Hazardous Waste (Emissions Per Employee) | Tonnes | 0.004 |

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) ...