香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 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 告 全部或任何部分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。 SUN HING VISION GROUP HOLDINGS LIMITED 新興光學集團控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：125） 截至二零二五年三月三十一日止財政年度 業績公告 新 興 光 學 集 團 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）謹 此 公 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 綜 合 業 績 連 同 去 年 比 較 數 字 如 下： * 僅供識別 – 1 – 新興光學集團控股有限 公 司 附 註： 綜合損益及其他全面收入表 截至二零二五年三月三十一日止年度 | | | | | | | | | 二零二五年 | | 二零二四年 | | | | --- | --- | --- | --- | ...

签署《重整投资协议》仅5天后，公司便发生控制权变更，ST聆达重整转型半导体能否成行？ ST聆达（300125）4月2日晚公告，因控股股东大量股份被司法划转用于抵偿债务，ST聆达变更为无控股股东、无实控人状态。这将对公司股权结构、公 司治理等产生重大影响。 而在3月28日，ST聆达刚刚确定重整方案：精测电子实控人彭骞控制的两家半导体初创企业联合组成产业投资人，与ST聆达签署了《重整投资协议》。产 业投资人拟在取得ST聆达控制权后，将处于国内领先水平的电致变色EC膜材料业务或高精度金属掩膜版业务引入公司。 除控制权突变之外，ST聆达重整或还存在潜在风险挑战。根据目前监管要求，ST聆达存在的资金占用和违规担保问题原则上在进入正式重整前需解决， 这成为重整方案能否较快实施的一大挑战。此外，重整后ST聆达能否有足够资金引入半导体优质资产或切换主业，还有待观察。 而目前，ST聆达还在被证监会立案调查中，上述诸多不确定性，似乎也为公司重整之路平添了不少挑战。 重整方案"揭晓" ST聆达公告称，3月28日公司与预重整投资人签署《重整投资协议》。这家主要营收来源已于一年前停产的光伏企业，向重整迈出重要一步。 产业投资人为合肥威 ...

Financial Performance - The group's consolidated revenue increased by 16.52% to HKD 409 million for the six months ended September 30, 2024, compared to HKD 351 million in 2023[5]. - The ODM business revenue rose by 29.15% to HKD 319 million, accounting for 78.00% of the total revenue[6]. - The gross profit margin decreased to 12.88% from 14.52% in the previous year due to intense industry competition[5]. - The loss attributable to shareholders was HKD 11 million, compared to a loss of HKD 2 million in 2023, with a basic loss per share of HKD 0.043[5]. - The brand eyewear distribution business revenue declined by 13.59% to HKD 89 million, representing 21.76% of total revenue[8]. - Revenue for the six months ended September 30, 2024, was HKD 408,829,000, representing an increase of 16.4% compared to HKD 351,306,000 for the same period in 2023[37]. - Gross profit for the same period was HKD 52,669,000, up from HKD 51,013,000, indicating a slight increase in profitability[36]. - The company reported a net loss attributable to owners of HKD 11,308,000 for the six months ended September 30, 2024, compared to a loss of HKD 2,289,000 in the prior year, reflecting a significant increase in losses[38]. - The company reported a total revenue of HKD 408,829 thousand for the six months ended September 30, 2024, compared to HKD 351,306 thousand for the same period in 2023, representing a year-over-year increase of approximately 16.4%[57]. - The company experienced a total comprehensive loss of HKD 19,559 thousand for the six months ended September 30, 2024, compared to a loss of HKD 10,662 thousand for the same period in 2023[46]. - The company reported a loss before tax of HKD 15,805 thousand for the six months ended September 30, 2024, compared to a loss of HKD 15,755 thousand in the same period of 2023[61]. - The basic loss per share for the period was HKD 4.30, compared to HKD 0.87 in the same period last year, indicating a deterioration in earnings performance[38]. Financial Position - Cash and bank balances stood at HKD 197 million, with outstanding bank loans of approximately HKD 35 million[10]. - The current ratio was 2.26:1, indicating a strong liquidity position[10]. - The net asset value decreased from HKD 670 million to HKD 661 million during the review period[10]. - Total assets as of September 30, 2024, were HKD 676,961,000, a decrease from HKD 684,613,000 as of March 31, 2024[41]. - Current assets increased to HKD 586,404,000 from HKD 563,481,000, driven by higher inventory and accounts receivable[41]. - The company’s cash and cash equivalents decreased to HKD 197,236,000 from HKD 274,529,000, indicating a reduction in liquidity[41]. - The total equity as of September 30, 2024, was HKD 661,243,000, down from HKD 670,395,000 as of March 31, 2024[44]. - The company incurred financing costs of HKD 987,000, slightly higher than HKD 898,000 in the previous period, reflecting increased borrowing costs[36]. - The company reported a foreign exchange gain of HKD 6,098,000, a significant improvement compared to a loss of HKD 17,270,000 in the prior year[36]. - The company’s cash flow from operating activities was negative at HKD 64,368 thousand for the six months ended September 30, 2024[49]. - The company’s total assets as of September 30, 2024, were HKD 698,868 thousand, a decrease from HKD 722,369 thousand as of March 31, 2024[46]. Operational Efficiency and Strategy - The company anticipates a challenging business environment due to geopolitical tensions and macroeconomic factors, which will likely lead to fluctuating demand for eyewear products[17]. - The company plans to enhance overall efficiency by improving production efficiency, tightening budget controls, and optimizing supplier networks and logistics processes[17]. - A new production line in Vietnam is expected to strengthen product supply stability and diversification[17]. - The company aims to explore new sales channels and distribution partners for its eyewear brand distribution business[18]. - The introduction of a more flexible product range with customized design elements is planned to adapt to changing consumer preferences[18]. - The company maintains a strong financial position and is confident in overcoming future challenges while creating long-term value for stakeholders[18]. Corporate Governance - The company has established an audit committee to review financial reports and ensure compliance with internal controls and risk management[20]. - The board of directors is committed to maintaining high standards of corporate governance and has adopted a diversity policy for board member selection[23]. Shareholder Information - No interim special dividend or interim dividend was declared for the six months ended September 30, 2024, compared to a special dividend of HKD 0.015 per share in 2023[11]. - The total issued and paid-up share capital remained at 262,778,286 shares, valued at HKD 26,278,000[94]. - Directors and key executives hold a total of 141,533,828 shares, representing 53.86% of the company's issued share capital[107]. - United Vision International Limited, a major shareholder, holds 141,533,828 shares, accounting for 53.86% of the issued share capital[111]. - FMR LLC holds 26,277,000 shares, representing 9.99% of the issued share capital[114]. - Fidelity Puritan Trust owns 20,999,000 shares, which is 7.99% of the issued share capital[114]. - Preferable Situation Assets Limited has 18,346,000 shares, equating to 6.98% of the issued share capital[114]. - Yeo Seng Chong holds 13,160,000 shares, representing 5.01% of the issued share capital[114]. - The Vision Trust, established by directors Gu Yi Yong and Gu Jia Yong, is the ultimate beneficiary of the shares held by United Vision International Limited[115]. - FMR LLC indirectly holds 26,277,000 shares of the company, with 2,642,000 shares owned by Fidelity Management Trust Company and 2,338,000 shares by Fidelity Investments Canada ULC[116]. - David Michael Webb owns 28,984,000 shares, with 11,794,800 shares directly held and 17,189,200 shares held through his wholly-owned company, Preferable Situation Assets Limited[117]. - Fidelity Puritan Trust directly holds 20,999,000 shares of the company as of December 29, 2017[118]. - Yeo Seng Chong holds 13,160,000 shares, with 2,842,000 shares directly held and the remainder held through various entities including Yeoman Capital Management Pte Limited[119]. - Lim Mee Hwa also holds 13,160,000 shares, with 250,000 shares directly held and the rest held through her spouse and related entities[120]. - As of September 30, 2024, no other individuals are recorded as major shareholders in the company's shares[121].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 408,829,000, an increase from HKD 351,306,000 for the same period last year, representing a growth of approximately 16.4%[5] - Gross profit for the same period was HKD 52,669,000, compared to HKD 51,013,000 in the previous year, indicating a slight increase of 3.2%[5] - The company reported a loss attributable to owners of HKD 11,308,000 for the six months ended September 30, 2024, compared to a loss of HKD 2,289,000 in the prior year, reflecting a significant increase in losses[5] - The company reported a pre-tax loss of HKD 15,805,000 for the six months ended September 30, 2024, compared to a pre-tax loss of HKD 4,623,000 in the same period last year[23][28] - Basic loss per share attributable to the owners of the company was HKD (11,308,000) for the current period, compared to HKD (2,289,000) in the previous period[42] - The company recorded a loss attributable to shareholders of HKD 11 million, compared to a loss of HKD 2 million in the previous year[51] Assets and Liabilities - The total assets as of September 30, 2024, were HKD 676,961,000, a decrease from HKD 684,613,000 as of March 31, 2024[7] - Current assets increased to HKD 327,166,000 from HKD 342,139,000, indicating a decrease in liquidity[7] - The company’s cash and cash equivalents decreased to HKD 197,236,000 from HKD 274,529,000, showing a decline of approximately 28.1%[7] - The accounts receivable increased to HKD 224,252 thousand from HKD 159,933 thousand, with overdue accounts over 90 days rising to HKD 7,775 thousand[45] - The accounts payable increased to HKD 141,672 thousand from HKD 111,768 thousand, with overdue accounts over 90 days rising to HKD 3,541 thousand[47] - The net asset value decreased from HKD 670 million to HKD 661 million over the reporting period[57] Revenue Sources - The company recognized revenue from eyewear products amounting to HKD 408,127,000, with no revenue from other categories for the six months ended September 30, 2024[16] - Eyewear product revenue for the six months ended September 30, 2024, was HKD 350,604,000, while total revenue including licensing income reached HKD 351,306,000[25] - The external sales for eyewear products increased to HKD 408,127,000, compared to HKD 350,604,000 in the previous period, reflecting a growth of approximately 16.4%[20] - The ODM business revenue rose by 29.15% to HKD 319 million, accounting for 78% of the total revenue[52] Costs and Expenses - The total administrative costs for the period were HKD 5,076,000, with financing costs amounting to HKD 987,000[22] - The financing costs for the period were HKD 987,000, slightly higher than HKD 898,000 in the previous year[5] - The gross profit margin decreased to 12.88% from 14.52% due to intense industry competition leading to price reductions[51] - The company reported a net impairment loss on accounts receivable of HKD 166,000, down from HKD 349,000 in the previous year, indicating improved receivables management[5] Dividends - The company declared a special dividend of HKD 0.015 per share, totaling HKD 3,942,000 for the period ending March 31, 2024[41] - The company has not proposed an interim special dividend for the six months ending September 30, 2024[41] - The company did not declare any interim special dividend or interim dividend for the six months ending September 30, 2024[50] - The company will not declare any interim special dividend or interim dividend for the six months ending September 30, 2024, compared to an interim special dividend of HKD 0.015 per share in 2023[58] Operational Challenges and Strategies - The company anticipates a challenging business environment due to geopolitical tensions and inflation, which will likely lead to volatile market demand for eyewear products[61] - The company plans to enhance overall efficiency by improving production efficiency, strengthening budget control, and optimizing the supply chain and logistics processes[62] - The company will continue to explore new sales channels and distribution partnerships for its eyewear distribution business[63] - The company aims to diversify its product range by introducing more flexible pricing tiers and incorporating more design and customization elements into its products[63] - The company is committed to maintaining a strong financial position to overcome future challenges and create long-term value for stakeholders[63] - The company will carefully manage fixed asset investments and continue to invest in strategically important assets for future growth[62] - The company’s production line in Vietnam is expected to enhance product supply stability and diversification[62] - The company will review its brand portfolio and leverage opportunities to enrich it with new brands that have strong potential[63] Governance and Compliance - The company’s audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2024[67] - The company has established a Nomination Committee, which includes all independent non-executive directors, to review the board's structure and make recommendations for changes aligned with corporate strategy[70] - The Nomination Committee considers candidates' integrity, professional knowledge, industry experience, and commitment to the group's business when recommending or selecting candidates for the board[71] - The company has adopted a diversity policy for board members, ensuring a balanced composition that includes different genders, professional backgrounds, and industry experiences[72] - As of September 30, 2024, the board consists of one female director and seven male directors, maintaining a diverse composition[72] - The company has adopted the standard code of conduct for directors' securities transactions, confirming compliance with the regulations as of September 30, 2024[74] - During the review period, the company or its subsidiaries did not purchase, sell, or redeem any listed securities[75] Acknowledgments - The company expresses gratitude to customers for their support during the period and acknowledges the efforts of shareholders, employees, suppliers, and banks[76] - The board is composed of five executive directors and three independent non-executive directors as of November 29, 2024[77]

Financial Performance - The company's consolidated revenue for the year ended March 31, 2024, was approximately HKD 702 million, a slight decrease from HKD 705 million in 2023[10]. - The company reported a loss attributable to owners of HKD 28 million for the year, an improvement from a loss of HKD 31 million in 2023[10]. - The gross profit margin decreased to 10.67% from 15.49% in the previous year, primarily due to intense competition leading to price reductions[10]. - ODM business revenue decreased by 6.53% to HKD 515 million, accounting for 73.36% of total revenue, with significant declines in Europe and the US[11]. - Revenue from the brand eyewear distribution business increased by 22.52% to HKD 185 million, benefiting from economic rebounds in several Asian countries[12]. - The company anticipates a challenging business environment due to high inflation and interest rates, with unstable market demand for eyewear products expected in the short term[21]. - The company reported a pre-tax loss of HKD 39,013,000, compared to a loss of HKD 34,354,000 in the previous year, indicating a worsening financial performance[137]. - Net loss attributable to shareholders for the year was HKD 28,365,000, a reduction from HKD 30,558,000 in the prior year[137]. - Total assets decreased to HKD 1,246,954,000 from HKD 1,345,136,000, reflecting a decline in overall asset value[138][139]. - Current assets decreased to HKD 563,481,000 from HKD 612,410,000, indicating a reduction in liquidity[138]. - The company's cash and cash equivalents decreased to HKD 274,529,000 from HKD 328,760,000, showing a decline in cash reserves[138]. - Total equity decreased to HKD 670,395,000 from HKD 722,369,000, reflecting a decrease in shareholder value[139]. Cash Flow and Investments - The company held cash and bank balances of HKD 275 million as of March 31, 2024, with bank borrowings of approximately HKD 36 million[14]. - The company invested HKD 11,205,000 in property, plant, and equipment, up from HKD 9,163,000 in the previous year, reflecting ongoing capital expenditures[142]. - The company incurred a loss of HKD 2,001,000 from joint ventures, which was not present in the previous year[141]. - The financing activities resulted in a cash outflow of HKD 20,768,000, slightly lower than the outflow of HKD 22,072,000 in the previous year[142]. - The company paid dividends of HKD 7,884,000, consistent with the previous year[142]. Corporate Governance - The board consists of five executive directors and three independent non-executive directors, with independent directors accounting for at least one-third of the board[32]. - The company has adhered to all applicable corporate governance code provisions during the fiscal year ending March 31, 2024[30]. - The chairman and CEO roles are held by the same individual, which deviates from the corporate governance code, but the board believes this structure provides effective leadership[36]. - The board held four meetings during the fiscal year, with all directors attending all meetings[33]. - The company has established mechanisms to ensure the independence of the board, including annual reviews and independent professional advice[34]. - The company is committed to maintaining high standards of corporate governance to enhance management and protect shareholder interests[30]. - The board is responsible for formulating company policies and overall strategies while effectively overseeing business management[34]. - The company plans to maintain the current board structure while regularly reviewing its effectiveness to ensure a balance of power[36]. Risk Management - The company has established a structured risk management system to identify, assess, and report risks, ensuring effective internal controls[53]. - The group identified key risks including market risk, credit risk, and liquidity risk, which could impact its operational and financial status[68]. - The company closely monitors foreign exchange risks and utilizes forward contracts to manage risks associated with currency fluctuations[17]. - The risk management system includes regular assessments and action plans for identified risks, ensuring ongoing monitoring and improvement[56]. - No significant deficiencies were found in the risk management and internal control systems during the annual review conducted by the board[54]. Employee and Stakeholder Engagement - The group has approximately 3,200 employees as of March 31, 2024, with compensation based on individual performance and overall business results[18]. - The company emphasizes maintaining diversity and equal opportunity in its employee recruitment process[50]. - The company encourages employees to report any suspected illegal activities or corruption, ensuring anonymity and protection for whistleblowers[59]. - The group is committed to creating long-term value for stakeholders despite the anticipated challenges in the business environment[23]. Shareholder Information - The company plans to declare a special final dividend of HKD 0.015 per share for the year ended March 31, 2024[15]. - The group proposed a final special dividend of HKD 0.015 per share, amounting to approximately HKD 3,942,000[66]. - Major shareholders include United Vision International Limited, Marshvale Investments Limited, and HSBC International Trustee Limited, each holding 141,533,828 shares, representing 53.86% of the issued share capital[98]. - The company has a total of 141,533,828 shares held by The Vision Trust, representing 53.86% of the issued share capital, owned by directors Gu Yiyong and Gu Jiayong[81]. Accounting and Financial Reporting - The consolidated financial statements are prepared based on historical cost, except for certain financial instruments measured at fair value[158]. - The group assesses control over subsidiaries based on three elements, and will reevaluate if any of these elements change[160]. - Revenue from customer contracts is recognized when control of goods or services is transferred to the customer[167]. - The group recognizes revenue from transferred products based on the expected consideration amount, excluding anticipated returns or exchanges[172]. - The group will cease to recognize assets and liabilities of a subsidiary when control is lost, with any resulting gains or losses recorded in profit or loss[162]. - The group evaluates for objective evidence of impairment in joint ventures, conducting impairment tests as necessary[166]. - The group recognizes gains or losses on the sale or disposal of property, plant, and equipment based on the difference between the sale proceeds and the carrying amount of the asset[194].

Financial Performance - For the fiscal year ending March 31, 2024, the total revenue was HKD 702,343,000, a decrease of 0.2% compared to HKD 704,914,000 in the previous year[3] - The cost of sales increased to HKD 627,395,000, up 5.3% from HKD 595,701,000, resulting in a gross profit of HKD 74,948,000, down 31.2% from HKD 109,213,000[3] - The company reported a pre-tax loss of HKD 39,013,000, compared to a loss of HKD 34,354,000 in the previous year, indicating a deterioration in financial performance[3] - The net loss attributable to shareholders was HKD 28,365,000, an improvement from a loss of HKD 30,558,000 in the prior year, reflecting a 7.1% reduction in losses[3] - The gross profit margin decreased to 10.67% from 15.49% in the previous year, primarily due to intense competition leading to price reductions[52] - The company reported a total loss of HKD 73,465,000 for the year ended March 31, 2024, compared to HKD 74,589,000 in 2023, showing a slight improvement[39] Assets and Liabilities - Total assets decreased to HKD 1,247,054,000 from HKD 1,344,136,000, while total liabilities also decreased to HKD 556,659,000 from HKD 611,767,000[5] - Cash and cash equivalents were reported at HKD 274,529,000, down from HKD 328,760,000, indicating a liquidity contraction[5] - The company's total equity decreased to HKD 670,395,000 from HKD 722,369,000, reflecting a decline of 7.2%[6] - Non-current assets as of March 31, 2024, totaled HKD 315,898,000, a slight decrease from HKD 317,287,000 in 2023[33] - Accounts receivable from customer contracts decreased to HKD 159.933 million from HKD 173.980 million[47] - Total accounts payable increased to HKD 170.960 million from HKD 161.582 million[49] Revenue Segmentation - For the fiscal year ending March 31, 2024, total revenue from customer contracts was HKD 702,343,000, with HKD 700,442,000 from eyewear products and HKD 1,901,000 from licensing income[23] - The eyewear products segment generated external sales of HKD 700,442,000 in the fiscal year ending March 31, 2024, while the other segment contributed HKD 1,901,000[31] - The group’s performance in the eyewear products segment showed a loss of HKD 42,625,000 for the fiscal year ending March 31, 2024, compared to a loss of HKD 33,219,000 in the previous year[31] - The group’s total sales for the eyewear products segment decreased by approximately 0.2% from HKD 702,400,000 in 2023 to HKD 700,442,000 in 2024[23] - The group’s licensing income is recognized when the license holder sells licensed products, typically within 30 days after the reporting period[26] - The group’s segments include eyewear products, contact lenses, and trademark licensing, with the latter two combined under "other segments" due to not meeting quantitative thresholds[28] Operational Efficiency and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[3] - The company reported a significant increase in administrative expenses to HKD 102,914,000 from HKD 105,958,000, indicating a focus on operational efficiency[3] - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[3] - To enhance efficiency, the group will focus on improving production efficiency, budget control, and optimizing the supply chain[61] - A new eyewear product line under the Fila brand was successfully launched in China, contributing positively to revenue and customer satisfaction[63] - The group plans to diversify its product range by introducing more flexible pricing and customized design elements[63] Governance and Compliance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[65] - The company has established a clear separation of roles between the Chairman and the CEO, with the current structure maintained since its inception[66] - The Audit Committee, composed entirely of independent non-executive directors, has reviewed the consolidated financial statements for the year ending March 31, 2024[68] - The Remuneration Committee is responsible for recommending policies and structures regarding the remuneration of all directors and senior management[69] - The Nomination Committee has been formed to review the structure, size, and composition of the Board, ensuring a balance of skills and diversity[70] - The company has adopted a policy regarding the diversity of Board members, considering various factors such as gender, age, and professional background[73] Market Outlook - The group anticipates a challenging business environment due to high inflation and geopolitical tensions, leading to unstable market demand for eyewear products[60] - The Asia market remains crucial, contributing 98.38% to the group's distribution revenue, up from 98.01% in the previous year[55] Dividend and Shareholder Information - The total dividend declared for the year was HKD 7,884,000, unchanged from the previous year[42] - The company did not recommend a final dividend for the year ended March 31, 2024, compared to no dividend in 2023[43] - The company proposed a special final dividend of HKD 0.015 per share, consistent with the previous year's special dividend[50] Financial Ratios and Performance Metrics - The group maintained a healthy financial position with cash and bank deposits of HKD 275,000,000 as of March 31, 2024, and a debt-to-equity ratio of 5.39%[58] - Current assets net value and current ratio were approximately HKD 342,000,000 and 2.55:1, respectively[59] - The accounts receivable turnover period improved to 81 days from 86 days, while inventory turnover period increased to 62 days from 56 days[59] - Income from bank interest increased significantly to HKD 11,596,000 in 2024 from HKD 5,718,000 in 2023, reflecting a growth of 102.5%[35] - Financing costs rose to HKD 1,945,000 in 2024 from HKD 1,647,000 in 2023, representing an increase of 18.1%[37] - Basic loss per share improved marginally to HKD 0.1079 from HKD 0.1163 in the previous year[52]

Financial Performance - The group's consolidated revenue for the six months ended September 30, 2023, decreased by 5.90% to HKD 351 million, compared to HKD 373 million in 2022[5] - The gross margin and net profit margin were 14.52% and -0.65%, respectively, showing slight improvement from 14.43% and -0.32% in 2022[5] - The ODM business revenue fell by 15.70% to HKD 247 million, accounting for 70.37% of total revenue, with significant declines in Europe and the US markets[6] - Revenue from the brand eyewear distribution business increased by 32.05% to HKD 103 million, representing 29.34% of total revenue, benefiting from the economic recovery in Asia[7] - The basic loss per share for the period was HKD 0.87, compared to HKD 0.45 in 2022[5] - The company reported a loss before tax of HKD 4,623,000, compared to a loss of HKD 2,026,000 in the previous year, indicating a worsening financial performance[36] - The net loss attributable to shareholders for the period was HKD 2,289,000, compared to a loss of HKD 1,191,000 in the prior year[36] - The company incurred a total comprehensive expense of HKD 31,940,000 during the period, which includes a foreign exchange loss of HKD 30,749,000[42] - The company reported a loss attributable to owners of the company of HKD 1,191,000 for the six months ended September 30, 2023, compared to a loss of HKD 2,289,000 for the previous period, indicating a 48% improvement[42] Cash Flow and Liquidity - The group recorded a net operating cash inflow of HKD 12 million during the review period, maintaining a strong liquidity position[9] - As of September 30, 2023, the group held cash and bank balances of HKD 320 million, with outstanding bank loans of approximately HKD 37 million[9] - The company’s cash and cash equivalents stood at HKD 319,781,000, down from HKD 328,760,000, reflecting a decrease in liquidity[39] - The company reported a net cash inflow from operating activities of HKD 11,859,000 for the six months ended September 30, 2023, compared to HKD 3,649,000 for the same period in 2022, representing an increase of 225%[43] - Cash and cash equivalents decreased by HKD 4,054,000 during the period, ending at HKD 319,781,000 compared to HKD 307,766,000 at the same time last year[43] Debt and Financial Position - The debt-to-equity ratio was 5.31%, indicating a stable financial position[9] - Current liabilities increased to HKD 230,344,000 from HKD 212,438,000, indicating a rise in short-term financial obligations[39] - Total liabilities as of September 30, 2023, were reported at HKD 116,640,000 for payables due within 90 days[68] Dividends and Shareholder Returns - The company declared an interim special dividend of HKD 0.015 per share, consistent with the previous year, while not declaring an interim dividend[12] - The company paid dividends totaling HKD 3,942,000 during the period, consistent with the previous year[43] Operational Efficiency and Strategy - The company anticipates a challenging business environment due to high inflation, potential interest rate hikes, and ongoing geopolitical conflicts, which will likely lead to significant fluctuations in market demand for eyewear products[18] - The company plans to enhance overall efficiency by improving production efficiency, strengthening budget control, streamlining organizational structure, and optimizing supplier networks and logistics processes[18] - The company is progressing well with plans to establish new production lines in Vietnam and Jiangxi Province, China, to enhance product supply flexibility[18] - The company will continue to prudently manage fixed asset investments while strategically investing in assets that are crucial for future growth[18] Corporate Governance - The company has established an audit committee to review financial reports and ensure compliance with internal controls and risk management[22] - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[21] - The board of directors has adopted a diversity policy, ensuring a balanced composition that includes members of different genders, professional backgrounds, and industry experiences[26] Shareholder Information - Directors and key executives hold a total of 141,533,828 shares, representing 53.86% of the company's issued share capital[82] - The Vision Trust, established by directors Gu Yiyong and Gu Jiayong, holds 141,533,828 shares, accounting for 53.86% of the issued share capital[86] - Webb David Michael holds 28,984,000 shares, which is 11.02% of the issued share capital[87] - FMR LLC holds 26,277,000 shares, representing 9.99% of the issued share capital[87] - Fidelity Puritan Trust owns 20,999,000 shares, which is 7.99% of the issued share capital[87] - Preferable Situation Assets Limited holds 18,346,000 shares, accounting for 6.98% of the issued share capital[87] - Yeo Seng Chong and Lim Mee Hwa each hold 13,160,000 shares, representing 5.01% of the issued share capital[87] - All disclosed shareholdings are classified as good positions, with no other individuals recorded as major shareholders as of September 30, 2023[90]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分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。 新興光學集團控股有限 公司 SUN HING VISION GROUP HOLDINGS LIMITED 新 興 光 學 集 團 控 股 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：125） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 新興光學集團控股有限公司（「本公司」）董事（「董事」，各為一名「董事」）會（「董事 會」）謹此宣佈本公司及其附屬公司（「本集團」）截至二零二三年九月三十日止六 個月之未經審核簡明綜合業績，連同去年同期之比較數字如下： ...

Financial Performance - The company's consolidated revenue for the year ended March 31, 2023, decreased by 19.61% to HKD 705 million compared to HKD 877 million in the previous year[22]. - The company recorded a net loss attributable to shareholders of HKD 31 million for the year, compared to a profit of HKD 9 million in the previous year, resulting in a basic loss per share of HKD 0.1163[22]. - The gross profit margin decreased to 15.49% from 18.11% in the previous year, while the net profit margin fell to -4.33% from 0.99%[22]. - The ODM business revenue decreased by 23.68% to HKD 551 million, accounting for 78.16% of total revenue, primarily due to high inflation and reduced consumer confidence in Europe and the US[23]. - Revenue from the brand eyewear distribution business slightly increased by 4.86% to HKD 151 million, representing 21.42% of total revenue[24]. - The revenue from the brand contact lenses business was HKD 1 million, down from HKD 9 million in the previous year[26]. - The company reported a total revenue of HKD 1.2 billion for the fiscal year ending March 31, 2023, representing a year-on-year increase of 15%[49]. - The company reported a net loss of HKD 30,558,000 for the year, compared to a profit of HKD 8,655,000 in 2022[169]. - Total comprehensive loss for the year was HKD 51,232,000, a significant decline from a comprehensive income of HKD 18,803,000 in the prior year[169]. Assets and Liabilities - The company's long-term assets recorded a non-cash impairment loss of HKD 25 million due to the challenging business environment[22]. - As of March 31, 2023, the group had total equity attributable to owners of HKD 722,000,000, down from HKD 781,000,000 as of March 31, 2022[27]. - Non-current assets decreased to HKD 332,754,000 from HKD 385,221,000, reflecting a decline of 13.6%[171]. - Current assets also decreased to HKD 612,410,000 from HKD 655,154,000, a reduction of 6.5%[171]. - The total number of shares available for issuance under the 2014 Share Option Scheme is 26,277,828 shares, equivalent to approximately 10% of the total issued shares as of March 31, 2023[117]. Cash Flow and Financing - The group recorded a net operating cash inflow of HKD 33,000,000 for the year ended March 31, 2023, with cash and bank balances amounting to HKD 329,000,000[27]. - The operating cash flow before changes in working capital was HKD 20,015,000, down from HKD 36,341,000 in the prior year, indicating a decline of approximately 45%[177]. - The net cash generated from operating activities was HKD 33,474,000, a decrease of 26% from HKD 45,166,000 in the previous year[179]. - The financing activities used cash of HKD 22,072,000, slightly down from HKD 23,160,000 in the previous year, indicating a stable financing strategy[179]. Market and Business Strategy - The group plans to establish a production facility in Vietnam to enhance product supply stability[37]. - The group aims to improve overall efficiency by enhancing production efficiency, budget control, and optimizing supplier networks and logistics processes[37]. - The group anticipates continued volatility in market demand for eyewear products due to geopolitical and macroeconomic challenges[35]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[49]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of HKD 500 million allocated for this purpose[49]. Corporate Governance - The board of directors held five meetings during the fiscal year, with full attendance from all members, indicating strong governance[50]. - The company has maintained compliance with corporate governance codes, ensuring transparency and accountability[47]. - The independent directors possess significant financial expertise, enhancing the board's overall effectiveness[49]. - The company confirms that the independence of the board is a key factor for good corporate governance, with mechanisms in place for independent professional advice[52]. - The company has adopted a board diversity policy, ensuring a balanced composition of skills, experience, and perspectives among board members[70]. Risk Management - The company recognizes market risk, credit risk, and liquidity risk as major risks affecting its operational and financial status[93]. - The board has established a structured risk management system to identify, assess, and monitor risks, ensuring effective internal controls[75]. - The risk management system includes regular evaluations and action plans for identified risks, ensuring accountability within the organization[79]. Shareholder Information - Shareholders holding at least 10% of the voting rights can request a special general meeting within two months of their request[84]. - The company proposed a final special dividend of HKD 0.015 per share, totaling approximately HKD 3,942,000[91]. - The total sales from the top five customers accounted for approximately 71.07% of the company's total sales, with the largest customer contributing about 24.93%[99]. Environmental and Ethical Commitment - The company is committed to environmental sustainability and has implemented policies to reduce waste and energy consumption[95]. - The company emphasizes ethical conduct and integrity as core values, aligning with relevant anti-corruption laws and regulations[82].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分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。 新興光學集團控股有限 公司 SUN HING VISION GROUP HOLDINGS LIMITED 新 興 光 學 集 團 控 股 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：125） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 財 政 年 度 業 績 公 告 新興光學集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本 公司及其附屬公司（「本集團」）截至二零二三年三月三十一日止年度綜合業績 連同去年比較數字如下： ...