近日，多家A股公司"摘星脱帽"。 5月11日，*ST有树(300209.SZ)公告称，关于撤销对公司股票交易退市风险警示及其他风险警示的申请已获得深交所审核同意。根据相关规定，公司股票 将于5月12日（星期一）开市起停牌1天，于5月13日（星期二）开市起复牌，股票简称将由"*ST有树"变更为"有棵树"，股票代码仍为"300209"，股票交易 价格的日涨跌幅限制仍为20%。 事实上，近日已有多家A股公司"摘星脱帽"。据不完全统计，5月以来，九芝堂、天邦食品、山东墨龙、永悦科技等公司实现"脱帽"，撤销ST；ST宁科实 现"摘星"，由*ST变为ST；恒宇信通、新宁物流、文投控股、天创时尚、理工导航等公司"摘星脱帽"，撤销*ST。 *ST有树将撤销*ST 周二复牌 5月11日，*ST有树(300209.SZ)公告称，公司股票将自2025年5月13日（星期二）开市起撤销退市风险警示及其他风险警示，同时，公司股票简称变更 为"有棵树"，股票代码仍为300209。 已有多家A股公司"摘星脱帽" Wind统计数据显示，5月以来，至少有九芝堂、山东墨龙、理工导航、天邦食品等上市公司股票撤销ST、*ST。 公告显示，公司2023 ...

Economic Performance - The year 2024 was marked by significant economic challenges, including persistent inflation and geopolitical conflicts impacting global supply chains and trade flows[16]. - For FY2024, the Group recorded revenue of approximately HK$515.9 million, representing a decrease of approximately 1.4% compared to FY2023 revenue of approximately HK$523.3 million[25]. - The Toys Division's revenue decreased by approximately 1.7% to HK$514 million, with gross profit dropping to approximately HK$13.8 million, a decrease of approximately 64.8% from HK$39.2 million in FY2023[29]. - The Group's net loss for FY2024 amounted to approximately HK$73.8 million, compared to a net loss of approximately HK$29.4 million in FY2023, primarily due to a reduction in gross profit and increased impairment losses[27]. - The Agricultural Products Division improved its revenue to approximately HK$1.9 million in FY2024, up from approximately HK$0.4 million in FY2023, but still recorded a segment loss before taxation of approximately HK$3.5 million[34]. - The Toys Division faced tremendous pressure on product margins and turnover in FY2025, indicating a challenging market environment ahead[18]. Financial Position - The Group's net current liabilities at the end of FY2024 were approximately HK$220.3 million, an increase from HK$185.2 million in FY2023, with cash and cash equivalents of approximately HK$55.3 million[35]. - Capital deficiencies attributable to owners of the Company increased to approximately HK$139 million as of December 31, 2024, compared to approximately HK$80.1 million as of December 31, 2023[36]. - The Group's gearing ratio as of December 31, 2024, was approximately 136.7%, up from 131% in 2023, indicating a high level of debt relative to equity[36]. - The Group's current liabilities net amount to approximately HKD 220,257,000, while total liabilities net amount to approximately HKD 140,487,000, indicating significant uncertainty regarding the Group's ability to continue as a going concern[45]. - The Group's bank balance is approximately HKD 55,258,000, against loans of approximately HKD 217,089,000 that are due within the next twelve months[45]. Management Plans and Strategies - The Group is cautiously optimistic about the performance improvements in both the Toys Division and Agricultural Products Division, with plans to explore new business opportunities[19]. - The management plans to extend the plantation and sales of agricultural products in Japan, which are currently in the development stage[34]. - The Group has proposed to issue shares under the general mandate on January 28, 2025, to support ongoing business operations despite the current financial challenges[37]. - Management believes that the Group will have sufficient working capital for at least 12 months from December 31, 2024, based on successful measures such as share issuance and loan maturity extensions[47]. - The management plans to raise equity funds through new share placements and/or rights issues to address auditor concerns regarding going concern issues, aiming to complete this by the end of 2025[53]. - The audit committee agrees with management's action plan to address the audit qualification and supports the Group's ability to continue as a going concern[49]. ESG Commitment and Governance - The Group's ESG management structure and processes remained unchanged from the previous reporting period, indicating a consistent approach to environmental, social, and governance issues[67]. - The Group is committed to providing strong returns to investors while ensuring a healthy and safe working environment for employees and contributing to sustainable local community developments[68]. - The reporting scope of the ESG Report focuses on the primary business of manufacturing and trading toys, with the Zhongshan division being financially significant and operationally important[71]. - The Board regularly approves and updates strategies related to environmental and social issues, ensuring that all departments implement ESG policies according to their operations[68]. - The Group continues to invest substantial resources to monitor ESG issues, policies, and practices, reflecting its commitment to sustainability and compliance with legal requirements[67]. - The Group's governance structure emphasizes the importance of risk management and compliance with relevant laws and regulations to enhance competitiveness and promote sustainable business development[63]. Environmental Performance - The Group's environmental performance is overseen by the Board, ensuring compliance with all relevant environmental laws and regulations[85]. - The Group has complied with the Environmental Protection Law of the PRC and other relevant regulations to minimize environmental risks[85]. - The Group has established an environmental management system in accordance with ISO 14001 standards to enhance its environmental performance[92]. - The Group's indirect CO2 emissions increased by 3.00% from 5,129 tonnes in 2023 to 5,283 tonnes in 2024, while CO2 emissions per employee decreased by 6.05% from 3.47 tonnes to 3.26 tonnes[98]. - The Group aims to reduce air pollutant emissions, specifically hazardous SOx, NOx, and PM, by 2-3% in the coming year[106]. - The Group has not reported any confirmed cases of breaching environmental legislation regarding emissions and waste discharge during the 2024 Reporting Period[93]. Climate Change and Risk Management - The Board oversees climate-related risks, recognizing them as material risks that could impact strategic objectives and financial performance[149]. - The Group has identified energy and water as immediate areas to address climate change and reduce future costs[150]. - The Group recognizes climate change as a strategic business risk and integrates climate-related risks and opportunities into its overall business strategy[175]. - The Group has identified extreme weather events such as typhoons, heavy rain, and flooding as physical acute risks, which could lead to delivery delays and increased operational costs[158]. - Legal and policy risks related to stricter carbon emission reduction policies may increase operational costs and litigation risks for the Group[166]. - The Group acknowledges that climate change presents opportunities for cost savings through improved energy efficiency and the adoption of green technologies[169]. Employee Welfare and Practices - The Group employed 1,654 full-time employees as of December 31, 2024, in Zhongshan and Hong Kong[197]. - The employee gender distribution shows 971 males and 683 females in 2024, compared to 952 males and 566 females in 2023, indicating a growth in both male and female employees[199]. - The Group has established an updated employment policy in compliance with the National Labour Law, with no reported cases of non-compliance regarding employment practices during the 2024 reporting period[192]. - The Group contributes to "Five social insurance and one housing fund," ensuring employees receive endowment, medical, unemployment, employment injury, maternity insurance, and housing provident fund[194]. - All employees are entitled to various statutory holidays and paid leave, including paternity and maternity leave, as part of the Group's commitment to employee welfare[194]. - The Group has been certified by the ICTI CARE Foundation, demonstrating its commitment to promoting safe and fair working conditions[192].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性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。 WINSHINE SCIENCE COMPANY LIMITED 瀛 晟 科 學 有 限 公 司 * （ 於 百慕 達 註 冊 成 立 之 有 限 公 司） （股份代號：209） 截至二零二四年十二月三十一日止年度 末期業績公告 業績概要 瀛晟科學有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公告本公司及其附屬公司 （統稱「本集團」）截至二零二四年十二月三十一日止年度之經審核綜合財務業績，與截至 二零二三年十二月三十一日止年度的比較數字如下： - 1 - 綜合損益表 截至二零二四年十二月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收入 | 4 | 515,908 | 523,262 | | 銷售成本 | | (503,105) | (483,996) | | 毛利 | | 12, ...

WINSHINE /月如 Winshine Science Company Limited 瀛 晟 科 學 有 限 公 司 (Incorporated in Bermuda with limited liability) (於百慕逵註冊成立之有限公司) | --- | --- | --- | --- | --- | |-----------------|-------|----------|----------------|-------| | | | | | | | Stock Code: 209 | | | | | | 股份代號: 209 | | | | | | | | 2024 | | | | | | 中期報告 | INTERIM REPORT | | | | | | | | * For identification purpose only * 優供識別 Contents 目錄 | --- | --- | --- | |----------------------------------------------------------|-------|------------------------- ...

Financial Performance - The company reported a revenue of HKD 191,131,000 for the six months ended June 30, 2024, a decrease of 5.7% compared to HKD 202,686,000 in the same period of 2023[1]. - The gross loss for the period was HKD 26,725,000, compared to a loss of HKD 21,109,000 in the previous year, indicating a worsening performance[2]. - The group reported a loss before tax of HKD 26,709,000 for the six months ended June 30, 2024, compared to a loss of HKD 21,109,000 in the same period of 2023[15]. - The company reported a loss attributable to shareholders of HKD 26,565,000 for the six months ended June 30, 2024, compared to a loss of HKD 21,050,000 for the same period in 2023, representing an increase in loss of approximately 26.5%[23]. - The gross profit for the six months ended June 30, 2024, was approximately HKD 4.07 million, a decrease of about HKD 6.85 million from HKD 10.92 million for the same period in 2023[37]. Revenue Breakdown - Revenue from toy products for the six months ended June 30, 2024, was HKD 189,771,000, a decrease of 6.6% from HKD 202,528,000 in the same period of 2023[13]. - Revenue from agricultural products for the same period was HKD 1,360,000, an increase from HKD 158,000 in 2023[13]. - The toy division's revenue decreased by 6.3% to HKD 189.8 million due to reduced procurement orders from major customers in the United States[38]. - The agriculture division's revenue surged by 760.8% to HKD 1.36 million, attributed to increased sales of early-season agricultural products[39]. Assets and Liabilities - The company’s total assets decreased to HKD 277,570,000 as of June 30, 2024, down from HKD 291,907,000 at the end of 2023[3]. - Current liabilities increased slightly to HKD 479,521,000 from HKD 477,091,000, reflecting ongoing financial pressures[4]. - The company has a net current liability of HKD 201,951,000, which is an increase from HKD 185,184,000 at the end of 2023[4]. - The group’s total assets as of June 30, 2024, were HKD 396,416,000, a decrease from HKD 414,325,000 as of December 31, 2023[17]. - Total liabilities as of June 30, 2024, were HKD 497,441,000, compared to HKD 495,194,000 as of December 31, 2023[17]. Cash Flow and Financing - The bank balance and cash as of June 30, 2024, was HKD 16,137,000, a significant decrease from HKD 119,335,000 at the end of 2023[3]. - The company has implemented cost-saving measures to improve cash flow and manage operational costs effectively[9]. - The company is considering additional financing arrangements to enhance equity and liquidity[9]. - The company has extended the maturity of a bank financing of approximately HKD 171,967,000 to December 13, 2024, to improve financial stability[9]. - The company has successfully negotiated multiple extensions for its bonds and loans, with the latest extension pushing due dates to 2025[30][31]. Debt and Equity - The company’s total bank loans amounted to approximately HKD 245,256,000, an increase from HKD 238,097,000 as of December 31, 2023, representing a growth of 4.85%[29]. - The company’s capital deficit increased by 24.8% to HKD 101.0 million as of June 30, 2024, primarily due to operating losses during the period[40]. - The company's debt-to-equity ratio was approximately 128% as of June 30, 2024, compared to 131% as of December 31, 2023[40]. - The company issued convertible bonds A with a total principal amount of HKD 22,500,000, with an initial conversion price of HKD 0.25 per share, allowing conversion into a maximum of 90,000,000 shares[33]. - Convertible bonds A were converted into 80,000,000 shares and convertible bonds B into 63,636,362 shares as of May 31, 2023[33]. Operational Changes and Future Outlook - The company plans to redeploy resources towards high-growth and more profitable businesses to improve profitability in the toy sector[41]. - The company is optimistic about future growth driven by innovative products and adapting to changing consumer preferences[42]. - The acquisition of agricultural planting and sales business is expected to create synergies and enhance existing agricultural operations, particularly in response to high demand for fruits in Japan[42]. - The company aims to diversify procurement and logistics partnerships to improve supply chain resilience[42]. - Cost control measures will be implemented to streamline operations and reduce expenses[42].

Financial Performance - For the year ended December 31, 2023, revenue from the manufacturing and trading of toys decreased by approximately 38.4% to HK$522.8 million, primarily due to reduced purchase orders from a major US customer[17]. - Revenue from the plantation and sale of agricultural products in Japan was HK$0.44 million for the year ended December 31, 2023[18]. - For FY2023, the Group recorded revenue of approximately HK$523.3 million, representing a decrease of approximately 38.4% compared to HK$849.1 million in FY2022[31]. - The net loss for FY2023 amounted to approximately HK$29.4 million, a significant decline from the net profit of approximately HK$8.1 million in FY2022[33]. - The Toys Division's revenue decreased by approximately 38.4% to HK$522.8 million, with gross profit dropping to approximately HK$39.2 million, a decrease of approximately 60.0% from FY2022[34]. - The Agricultural Products Division generated revenue of HK$0.44 million and recorded a segment loss before taxation of approximately HK$3.3 million due to its development stage in FY2023[40]. Operational Challenges and Strategies - The company anticipates that 2024 will be a challenging year, with continued pressure on product margins and turnover in the Toys Division[19]. - Cost-cutting measures have been implemented to reduce operating costs and improve the company's financial position[20]. - The company is seeking to diversify its principal business activities and move towards more profitable sectors to ensure shareholder returns[20]. - The Board is cautiously optimistic about the performance improvements in both the Toys Division and Agricultural Products Division[26]. - The company plans to explore new business opportunities with lower management costs and seek new potential customers to increase market share[26]. Capital and Funding - The company issued new shares under the General Mandate amounting to approximately HK$6.5 million on January 15, 2024, to explore opportunities and provide sufficient working capital[21]. - The Group has proposed to issue shares under the general mandate on January 15, 2024, to support ongoing business operations despite the net liabilities status[43]. - Management believes that the Group will have sufficient working capital for at least 12 months from December 31, 2023, due to successful measures such as share issuance and loan maturity extensions[54]. - The management plans to raise equity funds through placing new shares and/or rights issues by the end of 2024 to address auditor concerns regarding going concern issues[60]. - Management acknowledges the need for further equity funding to resolve the auditor's concerns and will actively seek potential investors[60]. Going Concern and Audit Issues - The Group's auditor issued a disclaimer of opinion on the consolidated financial statement for FY2023 due to material uncertainty regarding the Group's ability to continue as a going concern[47]. - The Group's current net current liabilities and net liabilities are approximately HKD 185,184,000 and HKD 80,869,000 respectively, with bank balances around HKD 119,335,000, indicating significant uncertainty regarding the Group's ability to continue as a going concern[50]. - The Group's ability to generate operating cash flows and secure additional financing remains uncertain, which is a key factor in the auditor's disclaimer[55]. - The Group aims to remove the disclaimer in the audit of the consolidated financial statements for the year ending December 31, 2024, if all plans are successfully completed[61]. - The Group's consolidated financial statements have been prepared on a going concern basis, contingent on the successful implementation of management's plans and obtaining additional financing[55]. Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG Report for 2023 covers commitments, practices, and performance from January 1, 2023, to December 31, 2023, focusing on the toy manufacturing and trading business[74]. - The Group maintains the same ESG management structure and process as the previous reporting period, ensuring consistency in monitoring ESG issues and performance[86]. - The Group emphasizes the importance of resource management and occupational health and safety in achieving a good corporate image[71]. - The Group conducts regular stakeholder engagement and materiality assessments to identify key ESG-related issues[82]. - The Group's commitment to ethical standards and compliance with relevant laws is emphasized in all ESG matters[86]. Environmental Performance - Total GHG emissions decreased by 28.18% from 7,380 tonnes in 2022 to 5,300 tonnes in 2023[1]. - Scope 1 emissions reduced by 16.59% from 205 tonnes in 2022 to 171 tonnes in 2023[1]. - Scope 2 emissions decreased by 28.52% from 7,175 tonnes in 2022 to 5,129 tonnes in 2023[1]. - The Group targets to lower total GHG emissions by 2-3% for the coming year through various energy efficiency initiatives[3]. - The Group has implemented a VOCs removal system to ensure emissions are within legal requirements[4]. Employee Welfare and Safety - The Group's employment policy is regularly updated and certified by ICTI CARE Foundation, ensuring safe and fair working conditions[158]. - The Group adopts fair recruitment procedures, prohibiting discrimination based on various personal attributes[162]. - The Group provides additional medical insurance beyond the "Five social insurance and one housing fund" for extra protection[192]. - The Group has attained OHSAS 18001 certification to systematize occupational health and safety management[192]. - The Group offers regular medical checks and stress management courses to ensure employee well-being[191].

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 523,262,000, a decrease of 38.4% compared to HKD 849,096,000 in 2022[4] - Gross profit for the same period was HKD 39,266,000, down 60.0% from HKD 97,883,000 in the previous year[4] - The company reported a net loss of HKD 29,361,000 for the year, compared to a profit of HKD 8,079,000 in 2022[4] - Basic and diluted loss per share was HKD 6.36, compared to earnings of HKD 2.21 per share in the prior year[4] - The group reported a pre-tax loss of HKD 22.998 million in 2023, compared to a profit of HKD 11.769 million in 2022[26] - The net loss for the fiscal year 2023 was approximately HKD 29.4 million, compared to a net profit of HKD 8.1 million in fiscal year 2022, primarily due to a decrease in orders from a major customer[57] - The toy division's revenue decreased by approximately 38.4% to HKD 522.8 million, with a gross profit of about HKD 39.2 million, down from HKD 97.9 million in fiscal year 2022[60] - The toy division recorded a pre-tax segment loss of approximately HKD 7.26 million in fiscal year 2023, compared to a pre-tax profit of HKD 53.1 million in fiscal year 2022[60] - The agriculture division generated revenue of HKD 0.44 million in fiscal year 2023 and recorded a pre-tax segment loss of approximately HKD 3.3 million due to its developmental stage in Japan[61] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 291,907,000, an increase from HKD 218,596,000 in 2022[8] - The company had net current liabilities of HKD 185,184,000, compared to HKD 192,768,000 in the previous year[8] - Cash and cash equivalents amounted to HKD 119,335,000, up from HKD 49,765,000 in 2022[8] - The total loans increased to HKD 238,097,000 in 2023 from HKD 190,943,000 in 2022, reflecting an increase of 24.6%[38] - The company has a bank balance of approximately HKD 119,335,000, but total loans and convertible bonds amount to HKD 240,573,000, indicating significant financial uncertainty[52] - As of December 31, 2023, the company's net current liabilities were approximately HKD 185.2 million, with cash and cash equivalents of about HKD 119.3 million[62] Financing and Capital Raising - The company plans to raise approximately HKD 6,500,000 through the issuance of 101,964,566 shares at HKD 0.066 each[15] - A bank financing agreement was extended, with a total amount of RMB 160,000,000 (approximately HKD 176,561,000) due by December 13, 2024[15] - The company plans to issue 101,964,566 new shares at a net price of approximately HKD 0.066 per share, generating net proceeds of HKD 6,500,000[48] - The company aims to complete its capital raising activities by the end of 2024, assuming all plans proceed as intended[71] - The company issued 101,964,566 new shares at a net issue price of approximately HKD 0.066 per share on January 15, 2024[76] Cost Management - The group implemented cost-saving measures to improve cash flow and meet operational funding needs[19] - The company has implemented cost-cutting measures to reduce operating costs and improve financial stability[73] - Employee benefits expenses decreased to HKD 106,082,000 in 2023 from HKD 126,828,000 in 2022, representing a reduction of 16.4%[31] - The company has reduced its workforce from 1,696 employees in 2022 to 1,513 employees in 2023, resulting in employee costs decreasing from approximately HKD 126.8 million to HKD 106.1 million[75] Future Outlook - The company anticipates continued challenges in the toy sector, with significant pressure on product profitability and sales expected to persist into 2024[73] - The board is optimistic about future performance improvements in both the toy and agricultural sectors while exploring new business opportunities to increase market share[73] - The company plans to expand its agricultural business in Japan following the acquisition of 78.9% of Meishin Co., Ltd.[61] Governance and Compliance - The company has complied with all applicable corporate governance code provisions during the fiscal year ending December 31, 2023[74] - The audit opinion raised significant uncertainty regarding the company's ability to continue as a going concern, with the auditors not expressing an opinion on the financial statements for the fiscal year 2023[65] Shareholder Returns - No dividends were declared or proposed for both years, indicating a focus on retaining earnings for future growth[33] - The company does not recommend a final dividend for the fiscal year ending December 31, 2023[56] Acquisitions - The company acquired 100% of the issued share capital of Hengda Investment Group for a total cash consideration of HKD 1,700,000, enhancing its agricultural business in Japan[46] - The fair value of identifiable assets and liabilities acquired from Hengda Investment Group amounted to HKD 2,209,000, resulting in goodwill of HKD 740,000[47]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性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份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 WINSHINE SCIENCE COMPANY LIMITED * 209 補充公告 茲提述瀛晟科學有限公司*（「本公司」，連同其附屬公司統稱「本集團」）截至二零二二年十 二月三十一日止年度（「二零二二財年」）之全年業績公告（「二零二二年業績公告」）及年度 報告（「二零二二年年報」）。除文義另有界定外，本公告所用詞彙與二零二二年業績公告 及二零二二年年報所界定者具有相同涵義。 本公司董事（「董事」）會（「董事會」）謹此提供以下二零二二年年報以及於二零二二年三月 二十一日公佈（「該公告」）有關出售龐富實業有限公司（「龐富」）60%權益及龐富結欠一名 獨立第三方之股東貸款（「銷售貸款」）之60%的須予披露交易（「出售事項」）及二零二二年 業績公告和二零二二年年報所披露其他應收款項減值虧損之額外資料。 該公告與二零二二年年報之間的重大差異 股東貸款為約21,025,836.47港元，該公告所載其中60%款項 ...

Winshine Science Company Limited 瀛晟科學有限 公 司* Stock Code: 209 (Incorporated in Bermuda with limited liability) 股份代號: 209 (於百慕達註冊成立之有限公司) 中期報告 For identification purpose only 僅供識別 Winshine Science Company Limited 瀛晟科學有限公 司* Contents 目錄 | Abbreviations | 2 | 簡稱 | | --- | --- | --- | | Corporate Information | 3-5 | 公司資料 | | Management Discussion and Analysis | 6-10 | 管理層討論及分析 | | Condensed Consolidated Statement of Profit or Loss | 11 | 簡明綜合損益表 | | Condensed Consolidated Statement of | 12 | 簡明綜合損益及其他全面收益表 | | P ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性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。 WINSHINE SCIENCE COMPANY LIMITED 瀛 晟 科 學 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：209） 截至二零二三年六月三十日止六個月 中期業績公佈 瀛晟科學有限公司（「本公司」）之董事會（「董事會」）謹此宣佈本公司及其附屬公司（下文統 稱「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合業績，連同比較數 字如下： 簡明綜合損益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 收入 4 202,686 497,188 銷售成本 (191,765) (422,979) 毛利 10,921 74,209 其他收入、收益及虧損 5 7,063 7,769 出售附屬公司之收益 – (3,297) 銷售及分銷成本 (5,586) (10,561) ...