Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 1,075,732, a decrease of 21.1% compared to HKD 1,362,732 in 2023[3] - Gross profit for the year was HKD 149,463, down 18.6% from HKD 183,725 in the previous year[3] - The net profit attributable to shareholders for the year was HKD 45,219, representing a decline of 33.4% from HKD 67,871 in 2023[3] - Basic earnings per share decreased to HKD 9.02, down from HKD 13.54 in the previous year, reflecting a 33.4% drop[3] - Total comprehensive income for the year was HKD 72,406, an increase of 15.3% compared to HKD 62,768 in 2023, driven by revaluation gains[4] - Adjusted EBITDA for 2024 is HKD 63,850,000, down 29.0% from HKD 89,913,000 in 2023[14] - The net profit for the fiscal year 2024 was HK$45,219,000, down about 33.38% from HK$67,871,000 in the fiscal year 2023[35] - Basic earnings per share for fiscal year 2024 were HK$0.0902, compared to HK$0.1354 in fiscal year 2023[35] - The group reported a total tax expense of HKD 8,924,000 for 2024, compared to HKD 10,627,000 in 2023[18] Assets and Liabilities - Non-current assets increased to HKD 166,614 from HKD 129,095 in 2023, marking a growth of 29.1%[5] - Current assets decreased to HKD 713,630 from HKD 761,955, a decline of 6.3%[5] - Total assets as of December 31, 2024, are HKD 877,608,000, a slight decrease from HKD 885,964,000 in 2023[15] - Total liabilities as of December 31, 2024, are HKD (201,565,000), improved from HKD (215,764,000) in 2023[15] - The company's total equity increased slightly to HKD 675,762 from HKD 673,541, reflecting a growth of 0.3%[5] Revenue Sources - Major customer A contributed HKD 310,902,000 in 2024, up from HKD 261,243,000 in 2023[16] - Major customer B generated HKD 240,839,000 in 2024, a decrease from HKD 247,606,000 in 2023[16] Costs and Expenses - The cost of goods sold for 2024 is HKD 927,604,000, down from HKD 1,153,330,000 in 2023[19] - Employee costs for 2024 total HKD 241,761,000, slightly down from HKD 242,236,000 in 2023[19] - The cost of inventory was approximately HK$193,627,000 for the year 2024, compared to HK$196,331,000 in 2023[21] - Product development costs were around HK$29,693,000 for 2024, an increase from HK$27,539,000 in 2023[21] Cash Flow and Dividends - In the fiscal year 2024, the operating cash generated was HKD 77,239,000, with a net cash and cash equivalents balance of HKD 349,130,000 at the end of the fiscal year[36] - The cash dividend proposed for the fiscal year 2024 is HKD 0.02 per share, down from HKD 0.04 per share in 2023, and a special dividend of HKD 0.06 per share, unchanged from 2023[41] - The company declared an interim dividend of HK$0.04 per share for 2024, up from HK$0.03 per share in 2023[22] Operational Insights - The company continues to focus on expanding its operations in the home appliance sector, primarily in China, with ongoing investments in manufacturing facilities[8] - The group invested HKD 37,931,000 in new injection molding machines and precision laboratory testing equipment, compared to HKD 40,505,000 in the fiscal year 2023[37] - The company will continue to invest in computerized production and has integrated its enterprise resource planning system with Microsoft Power BI for detailed financial analysis, aiming to unlock operational potential and manage working capital more effectively[49] Risk Management and Compliance - The group has taken crisis risk management measures following severe flooding in 2023, with no damages reported in 2024[39] - The group has maintained its status as a high-tech enterprise in China, which allows for a lower profit tax rate and tax incentives from the government[37] - The group successfully obtained ISO 27001 certification, demonstrating satisfactory cybersecurity measures to protect data privacy[38] - The company remains compliant with the corporate governance code as per the Hong Kong Stock Exchange listing rules[54] - The audit committee reviewed the company's accounting principles and internal controls for the fiscal year ending December 31, 2024[57] Future Outlook - The company anticipates significant challenges in the second half of 2024 due to geopolitical tensions and economic instability, with a focus on innovation and market segmentation to develop differentiated new products by 2025[48] - The workforce includes approximately 19 employees in Hong Kong and between 531 to 569 employees in factories in China, with a total of about 1,596 to 2,058 workers directly or indirectly employed[50] Meetings and Governance - The annual general meeting is scheduled for May 20, 2025, at the InterContinental Hotel in Tsim Sha Tsui, Hong Kong[60] - No significant acquisitions or disposals of subsidiaries or associates were reported for the year ending December 31, 2024[53]

RAYMOND Industrial Ltd 利 民 實 業 有 限 公 司 Stock Code 股份代號 : 00229 E ille in the land 2024 INTERIM REPORT 中期報告 Contents 目錄 | --- | --- | |-------------------------------------------------------------------------------------|---------------------------------| | | | | Management Statement | 管理層報告書 | | Independent Review Report | 獨立審閱報告 | | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 簡明綜合損益及 其他全面收益表 | | Condens ...

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内容概不負責·對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公告全部或任何部分内容而產生或因依賴該等内容 而引致之任何損失承擔任何責任。 (股份代號：0229) 截至2024年6月30日止6個月 之中期業績公告 及 註冊辦公室地址變更 未經審核財務業績摘要 截至2024年6月30日止6個月 利民實業有限公司(「本公司」）董事（「董事」）會(「董事會」）謹此公佈本公司及其附屬公 司（統稱「本集團」）截至2024年6月30日止6個月之未經審核中期業績。本集團截至2024年6月30日 止6個月之簡明綜合損益表、簡明綜合損益及其他全面收益表及本集團於2024年6月30日之簡明綜合 財務狀況表及選定之說明附註均為未經審核賬目形式編製，但已由本公司審核委員會（「 審核委員 會」）連同本公司之獨立核數師羅申美會計師事務所審閱。 1 簡明綜合損益表 截至2024年6月30日止6個月 | --- | --- | --- | --- | |-----------|-------|---------|-----------| | | | | | | | | 6 ...

Financial Performance - For FY2023, the Group's consolidated turnover increased to HK$1,362,732,000, representing an increase of approximately 28.19% compared to the previous year[14]. - The net profit for FY2023 was HK$67,871,000, reflecting an increase of approximately 122.50% from HK$30,504,000 in FY2022, resulting in basic earnings per share of 13.54 Hong Kong cents[14]. - Cash generated from operations was HK$101,559,000 in FY2023, with net cash and cash equivalents at the end of the year amounting to HK$367,415,000, up from HK$334,379,000 at the beginning of FY2023[15]. - The current ratio improved to 3.51 as of December 31, 2023, from 3.42 in the previous year, while the quick ratio increased to 2.84 from 2.46[30]. - Trade receivables turnover increased to 60 days in FY2023, up from 55 days in FY2022, while inventory turnover decreased to 45 days from 78 days[31]. - Bank balances and cash rose to HK$367,415,000 as of December 31, 2023, an increase of HK$33,036,000 compared to HK$334,379,000 in FY2022[31]. - The gearing ratio remained stable at 0.32 as of December 31, 2023, unchanged from the previous year[30]. - The Board proposed a final dividend of HK$0.04 per ordinary share and a special dividend of HK$0.06 per ordinary share for the year ended December 31, 2023[34]. - An interim dividend of 3 Hong Kong cents per share was paid for the six months ended June 30, 2023, and a final dividend of 4 Hong Kong cents per share and a special dividend of 6 Hong Kong cents per share are proposed for the year ended December 31, 2023[113]. Investments and R&D - The Group invested HK$40,505,000 in FY2023 for new injection moulding machines and high precision laboratory testing equipment, compared to HK$20,102,000 in FY2022[19]. - The Group's investment in research and development aims to improve operational efficiency and enhance sales revenue from new product launches[19]. - The Group's investment in R&D has allowed it to maintain HNTE status for the seventh consecutive year, enabling growth through new knowledge and innovations[49]. - In 2024, the Group will continue to invest in the computerization of manufacturing, completing ERP system integration with a new barcode system to enhance real-time inventory data[50]. Strategic Focus and Market Adaptation - The Group's strategic focus on product diversification included launching innovative beverage products for both premium and affordable markets[10]. - The Group's financial prudence included lowering safety stock and optimizing fixed costs in response to global sales demand fluctuations[9]. - The Group's management emphasizes the importance of adapting to new business ecosystems and forming stronger partnerships with strategic customers[49]. - The Group plans to enhance its risk management protocols in response to extreme climate events to minimize future property losses[26]. - The Group anticipates strong challenges in 2024 due to ongoing geopolitical tensions and economic uncertainties[49]. Corporate Governance and Management - The Company has a diverse board with members holding various qualifications, including CPA and CFA[80][81]. - The management team has extensive experience in engineering, operations, and finance, contributing to the company's strategic direction[69][80]. - The Company emphasizes corporate governance with active committees for remuneration, audit, and nominations[80][81]. - The leadership structure includes a mix of executive and independent non-executive directors to ensure balanced decision-making[80][81]. - The board of directors reviewed the effectiveness of the internal control system for the company and its subsidiaries[200]. - The board held a total of 4 meetings during the fiscal year 2023[200]. - The board meetings were conducted in accordance with listing rules and corporate governance codes, ensuring directors had access to relevant information[200]. Compliance and Certifications - On May 4, 2023, the Group obtained ISO27001 certification, ensuring satisfactory cybersecurity measures for data privacy protection[20]. - The Group achieved ISO27001 certification on May 4, 2023, indicating satisfactory cybersecurity measures for data protection[22]. - The Company complied with the applicable code provisions of the Corporate Governance Code throughout the year ended December 31, 2023[186][188]. Employee Relations and Social Responsibility - The Company maintains good relationships with its employees by improving policies on remuneration and benefits, training, and occupational health and safety[104]. - Charitable donations made by the Group during the year ended 31 December 2023 amounted to approximately HK$1,390,000, compared to HK$1,462,000 in 2022[172][177]. - The Group operates a Mandatory Provident Fund scheme covering all employees, with details provided in note 20 to the financial statements[171][176]. Operational Challenges - The Group experienced losses of several million Hong Kong dollars due to severe flooding at the Nansha factory on September 8, 2023[24]. - The Group is preparing to comply with the Carbon Border Adjustment Mechanism (CBAM) and is focused on developing environmentally friendly products[54]. - The Group's R&D team will consider new ESG requirements in product development to manage climate change risks[54]. Shareholding and Directors - As of December 31, 2023, the total number of issued shares of the Company is 501,324,860 ordinary shares[141]. - The interests of the Directors in the shares of the Company included Dr. WONG, Man Hin Raymond with 3.30% and Mr. WONG, Ying Man John with 11.74% of total issued shares[134]. - The Company did not purchase, sell, or redeem any of its shares during the year ended December 31, 2023[118]. - The largest customer accounted for 33.94% of the Group's total revenue from sales of goods, while the five largest customers together represented 87.44%[111]. - The largest supplier accounted for 13.79% of the Group's total purchases, while the five largest suppliers together represented 22.20%[111]. - The Company has received annual confirmations of independence from all independent non-executive Directors, considering them independent[125].

Financial Performance - For the year ended December 31, 2023, the company reported total revenue of HKD 1,362,732,000, representing a 28.2% increase from HKD 1,063,058,000 in 2022[3] - Gross profit for the year was HKD 183,725,000, up 41.3% from HKD 129,987,000 in the previous year[3] - The company's net profit attributable to shareholders was HKD 67,871,000, a significant increase of 122.3% compared to HKD 30,504,000 in 2022[3] - Basic earnings per share rose to HKD 13.54, compared to HKD 6.09 in the prior year, reflecting a 122.3% increase[3] - Total comprehensive income for the year was HKD 62,768,000, compared to HKD 5,029,000 in 2022, indicating a substantial improvement[4] - The company reported a consolidated profit before tax of HKD 78,498,000 for 2023, up from HKD 34,336,000 in 2022, marking an increase of approximately 128.5%[20] - The group reported a net profit of HKD 67,871,000 for 2023, a substantial increase from HKD 30,504,000 in 2022, reflecting a growth of approximately 121.5%[34] - Basic earnings per share for fiscal year 2023 were HKD 0.1354, up from HKD 0.0609 in fiscal year 2022[46] Revenue and Sales - Total reported segment revenue for 2023 reached HKD 3,022,310,000, a significant increase from HKD 2,281,576,000 in 2022, representing a growth of approximately 32.5%[20] - Revenue from external customers in North America for 2023 was HKD 271,496,000, while in Europe it was HKD 615,866,000, showing a diversified revenue stream across regions[19] - Major customer A contributed HKD 462,470,000 to total revenue in 2023, up from HKD 311,480,000 in 2022, reflecting a growth of approximately 48.5%[23] - Revenue from goods sales increased to HKD 1,362,732,000 in 2023, up from HKD 1,063,058,000 in 2022, representing a growth of approximately 28.2%[24] Assets and Liabilities - The company's total assets increased to HKD 761,955,000 from HKD 711,225,000, marking a growth of 7.1%[6] - Current assets net value improved to HKD 544,603,000, up from HKD 503,110,000, an increase of 8.2%[6] - The total liabilities reported for 2023 were HKD (217,509,000), a slight increase from HKD (208,274,000) in 2022, indicating a stable financial position[22] - The company's total assets for 2023 were HKD 891,050,000, compared to HKD 854,140,000 in 2022, reflecting a growth of about 4.3%[22] Operational Efficiency - The company reported a decrease in inventory to HKD 144,473,000 from HKD 198,491,000, a reduction of 27.2%[6] - Trade and other receivables increased to HKD 248,009,000 from HKD 178,355,000, reflecting a growth of 38.9%[6] - Trade receivables increased to HKD 223,215,000 in 2023 from HKD 159,402,000 in 2022, reflecting a growth of approximately 39.96%[39] - Trade payables decreased to HKD 148,343,000 in 2023 from HKD 162,873,000 in 2022, a reduction of approximately 8.97%[43] Investments and R&D - The company invested HKD 40,505,000 in new injection molding machines and high-precision laboratory testing equipment to enhance R&D and operational capabilities[49] - The company continues to invest surplus cash into R&D and automation, maintaining its status as a high-tech enterprise in China[47] - The company plans to continue expanding its product offerings with new specifications and models, leading to the write-off of obsolete molds and tools valued at HKD 23,588,000 in 2023[30] Dividends and Employee Costs - The company declared a special dividend of HKD 0.06 per share for 2023, compared to no special dividend in 2022, totaling HKD 30,079,000[31] - Total employee costs rose to HKD 242,236,000 in 2023, up from HKD 209,045,000 in 2022, an increase of approximately 15.9%[28] Compliance and Governance - The company has adopted the standard code for securities trading by directors as per the listing rules, confirming compliance by all directors[68] - The remuneration committee held one meeting during the 2023 fiscal year, consisting of two executive directors and three independent non-executive directors[69] - The audit committee reviewed the group's accounting principles and financial reporting processes, holding two meetings in the 2023 fiscal year[70] - The nomination committee, comprising three independent non-executive directors, convened once during the 2023 fiscal year[71] Future Outlook and Challenges - The group expects significant challenges in 2024 due to geopolitical tensions and economic uncertainties, necessitating rapid responses and new strategies[60] - The group is preparing for the potential new requirements of the Carbon Border Adjustment Mechanism (CBAM) and will consider these in the development of new innovative products[61] Miscellaneous - The group achieved ISO27001 certification on May 4, 2023, demonstrating satisfactory cybersecurity measures to protect data privacy[50] - The company's annual general meeting is scheduled for May 20, 2024, at the InterContinental Hotel in Tsim Sha Tsui, Hong Kong[73]

Financial Performance - Revenue for the six months ended June 30, 2023, was HK$648,916,000, representing an increase of 14.14% compared to HK$568,455,000 for the same period in 2022[38]. - Gross profit for the period was HK$87,798,000, up 43.96% from HK$60,906,000 in the previous year[38]. - Profit before taxation increased to HK$32,157,000, a significant rise of 274.36% from HK$8,585,000 in the prior period[38]. - Profit attributable to shareholders for the period was HK$25,662,000, compared to HK$8,617,000 in the same period last year, marking an increase of 197.66%[38]. - Basic earnings per share rose to 5.12 HK cents, compared to 1.72 HK cents for the same period in 2022[38]. - Total comprehensive income for the period attributable to shareholders was HK$17,299,000, compared to a loss of HK$3,793,000 in the previous year[83]. - The consolidated profit before taxation for the six months ended June 30, 2023, was HK$32,157,000, up from HK$8,585,000 in the previous year, reflecting an increase of approximately 274.5%[193]. Cash and Liquidity - The Group's current ratio improved to 3.50 as of June 30, 2023, compared to 3.42 on December 31, 2022, and the quick ratio increased to 2.83 from 2.46[1]. - Bank balances and cash rose to HK$362,966,000 as of June 30, 2023, up HK$28,587,000 from approximately HK$334,379,000 on December 31, 2022, primarily due to lower inventory levels[1]. - The Group had no bank borrowings as of June 30, 2023, maintaining a gearing ratio of 0.32[1]. - Cash and cash equivalents at January 1, 2023, were HK$334,379, up from HK$244,802 at the same time in 2022, reflecting a growth of 36.5%[66]. - The net increase in cash and cash equivalents for the six months ended June 30, 2023, was HK$27,360, compared to HK$33,236 for the same period in 2022, showing a decrease of 17.5%[66]. - The net cash generated from operating activities for the first half of 2023 was HK$51,563,000, slightly down from HK$54,795,000 in the prior year[87]. Operational Efficiency - The Group's operating profit before working capital changes for the first half of 2023 was HK$48,908,000, compared to HK$18,734,000 in the same period last year, indicating improved operational efficiency[87]. - The Group's depreciation of property, plant, and equipment for the first half of 2023 was HK$14,267,000, down from HK$16,344,000 in the previous year[87]. - The decrease in inventories for the first half of 2023 was HK$58,300,000, while trade and other receivables saw a decrease of HK$49,429,000[87]. Staff and Employment - The Group employed 22 staff in Hong Kong and approximately 495 to 505 staff in its factories in China during the reporting period[16]. - The Group employs approximately 22 staff members in Hong Kong and between 1,400 to 2,000 workers in its PRC factory[154]. Corporate Governance - The Company has established a Remuneration Committee and a Nomination Committee in compliance with Listing Rules[51][29]. - The Company adopted the Model Code for Securities Transaction by Directors to ensure compliance with securities trading standards[48]. - Management confirmed compliance with the required standards set out in the Model Code during the six months ended June 30, 2023[48]. - The independent review report confirms that the interim financial information is prepared in accordance with the relevant provisions of the Listing Rules and HKAS 34[171]. Market and Strategic Outlook - Future outlook remains cautious due to market volatility and economic uncertainties, with no specific guidance provided for the upcoming quarters[64]. - The company is exploring market expansion opportunities in North America and Asia, particularly in the PRC and Japan[77]. - The management anticipates strong challenges in the second half of 2023 due to geopolitical tensions and economic uncertainties, necessitating quick strategic responses[127]. - The Group plans to find an additional manufacturing partner in Southeast Asia, such as Indonesia and Vietnam, to start small-scale pilot production outside China in the second half of 2023 due to ongoing US-China trade tensions[107]. Research and Development - The Group's R&D team will consider new environmental, social, and governance (ESG) requirements when developing innovative products to align with global sustainability trends[12]. - The Group has maintained its status as a high-tech enterprise for the seventh consecutive year through investments in R&D[136]. - The Group plans to invest in new machinery to support the launch of a series of new products while optimizing fixed costs[124]. Shareholder Information - As of June 30, 2023, the total number of issued shares was 501,324,860[10]. - Major shareholder Ms. SUN, Kwing Hai Amelia holds 21.41% of the total issued shares[158]. - The interim dividend declared was 3 Hong Kong cents per ordinary share, up from 2 Hong Kong cents in the corresponding period of 2022[100][108]. - The company approved dividends amounting to HK$20,053,000 during the period, reflecting its commitment to returning value to shareholders[86]. Compliance and Reporting - The company is committed to compliance with Hong Kong Accounting Standard 34 for interim financial reporting, ensuring transparency and accuracy in its financial disclosures[171]. - The Group's management has redefined its operating segments on a continental basis, focusing on customer locations, which may impact future reporting and performance assessments[104]. - The Group's remuneration policies remained unchanged from those disclosed in the 2022 annual report[144].

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，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等 內容而引致之任何損失承擔任何責任。 （股份代號：0229） 截至2023年6月30日止6個月之中期業績公告 未經審核財務業績摘要 截至2023年6月30日止6個月 利民實業有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬 公司（統稱「本集團」）截至2023年6月30日止6個月之未經審核中期業績。本集團截至2023年6月 30日止6個月之簡明綜合損益表，簡明綜合損益及其他全面收益報表及本集團於2023年6月30日之 簡明綜合財務狀況表及選定之說明附註均為未經審核賬目形式編製，但已經由本公司審核委員會 （ 「審核委員會」）及本公司之獨立核數師羅申美會計師事務所審閱。 ...

Financial Performance - For FY2022, the Group's consolidated turnover decreased to HK$1,063,058,000, representing a decrease of approximately 25.85% compared to the previous year[13]. - The net profit for FY2022 was HK$30,504,000, a decrease of approximately 27.30% from HK$41,960,000 in FY2021[13]. - The Group's net profit for FY2022 was HK$30,504,000, with basic earnings per share of 6.09 Hong Kong cents, a decrease from HK$41,960,000 and 8.41 Hong Kong cents in FY2021, respectively[18][20]. - The current ratio improved to 3.42 as of December 31, 2022, compared to 2.76 in the previous year, while the quick ratio increased to 2.46 from 1.99[22][28]. - The gearing ratio decreased to 0.32 as of December 31, 2022, down from 0.42 in FY2021[22][28]. - Trade receivables turnover improved to 55 days in FY2022 from 77 days in FY2021, while inventory turnover increased to 78 days from 64 days[23][29]. - Bank balances and cash rose to HK$334,379,000 as of December 31, 2022, an increase of HK$89,577,000 compared to HK$244,802,000 in FY2021, attributed to lower inventory and capital expenditures[24][29]. - The Board proposed a final dividend of 4 Hong Kong cents per ordinary share for FY2022, consistent with the previous year[27][33]. Research and Development - The Group invested HK$20,102,000 in R&D projects in FY2022, down from HK$32,187,000 in FY2021, to enhance operational capabilities and product development[14]. - The Group's management anticipates that R&D innovations will help enter new market segments and improve profit margins[14]. - The qualification as a high-tech enterprise is expected to provide tax benefits, enhancing the Group's competitiveness in the industry[19]. - The Group maintained its High and New Technology Enterprise (HNTE) status for the sixth consecutive year through investment in R&D[50]. - Research and development expenses increased by 30%, totaling $30 million, to support new technology initiatives[70]. Operational Strategy - The Group's strategy includes maintaining safety stock and optimizing fixed costs to mitigate the impact of supply chain disruptions and geopolitical tensions[9]. - The management has contingency plans to address supply chain disruptions and economic uncertainties, with a focus on maintaining agility and resilience in 2023[43][44]. - The Group's management will focus on improving operational stability by building a more stable global supply chain[51]. - The management's strategy includes scrutinizing the entire value chain to open new business opportunities and better manage working capital[50]. - The Group's management is committed to upskilling and reskilling existing employees to adapt to the adoption of digital technologies[50]. Market and Product Development - The Group plans to launch new products in 2023, aiming to generate more sales revenue from these innovations[17]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[70]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[70]. - The Group successfully opened new revenue sources from new customers and launched high-value new products in 2022 despite global trade uncertainties[48]. Employee and Governance - Approximately 27 staff members are employed in Hong Kong, while the factory in the PRC employs around 500 to 515 staff members, with total direct or indirect workers ranging from 1,450 to 2,000[55]. - The Company maintains good relationships with employees, ensuring reasonable remuneration and benefits[95]. - The Company is committed to improving communication mechanisms with customers to address complaints and feedback promptly[96]. - The Board comprises three executive Directors, three non-executive Directors, and three independent non-executive Directors[191]. - The Board convened four meetings during FY2022 to ensure effective governance and oversight[200]. Financial Management and Investments - The Group did not have any significant investments, material acquisitions, or disposals during FY2022[41][45]. - The Company has not purchased, sold, or redeemed any of its shares during the year ended 31 December 2022[111]. - The Company has not entered into any substantial management contracts during the year[166]. - There were no arrangements for directors to acquire benefits through shares or debentures during the year ended December 31, 2022[164]. - The auditors RSM Hong Kong have been appointed since June 1, 2020, and will be proposed for re-appointment at the forthcoming annual general meeting[188]. Cybersecurity and Digital Transformation - The Group plans to allocate more resources in 2023 to enhance cybersecurity and aims to achieve ISO27001 certification, which began in 2022[50]. - Significant resources will be required to manage cyber threats, ensuring privacy, identity management, and information security[50]. - The Group has engaged consultants for financial digital transformation to enhance data processing and analysis speed, aiming for improved operational efficiency and better business decision-making[19]. Charitable Contributions - Charitable donations made by the Group during the year ended 31 December 2022 amounted to approximately HK$1,462,000, compared to NIL in 2021[180].

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，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等 內容而引致之任何損失承擔任何責任。 （股份代號：0229） 截至2022年12月31日止年度之業績公告 利民實業有限公司（「本公司｣）董事（「董事｣）會（「董事會｣）欣然宣佈本公司及其附屬公司 （統稱「本集團｣）截至2022年12月31日止年度之經審核年度業績及上年度比較數字如下： 綜合損益表 （以港幣為單位） 2022年 2021年 附註 港幣千元 港幣千元 收入 3&4 1,063,058 1,433,612 銷售成本 (933,071) (1,261,281) 毛利 129,987 172,331 其他收入 5 3,455 449 其他淨收益 5 9,438 2,272 銷售費用 (12,350) (15,798) 一般及行政費用 (96,194) (111,982) ...

Financial Performance - The Group's revenue for the first six months of 2022 was HK$568,455,000, representing a decrease of 15.34% compared to HK$671,470,000 in the same period of 2021[7]. - The Group's net profit for the first half of 2022 was HK$8,617,000, down 7.52% from HK$9,318,000 in the corresponding period of 2021[7]. - Gross profit for the same period was HK$60,906,000, down 14.7% from HK$71,476,000 in 2021[118]. - Profit before taxation decreased to HK$8,585,000, a decline of 20.5% from HK$10,824,000 in the previous year[118]. - Profit attributable to shareholders for the period was HK$8,617,000, down 7.5% from HK$9,318,000 in 2021[121]. - Total comprehensive income for the period attributable to shareholders was a loss of HK$3,793,000, compared to a gain of HK$12,770,000 in 2021[121]. - The company reported a decrease in inventories of HK$43,776,000, contrasting with an increase of HK$34,011,000 in the previous year[131]. - The company paid dividends of HK$20,053,000 during the period, compared to HK$29,929,000 in the previous year[133]. - The company reported a foreign exchange loss of HK$12,410,000 during the period[129]. - The Group experienced lower revenue and results in the first half of the year due to seasonal demand, with expectations for higher demand in the second half[165]. Challenges and Market Conditions - Supply chain disruptions, rising interest rates, and geopolitical tensions contributed to the decline in sales demand and net profit[12]. - The management anticipates strong challenges in the second half of 2022 due to ongoing geopolitical tensions and economic uncertainties[13]. - Sales demand for small appliances began to recover at the end of May 2022 following the lifting of lockdowns in the PRC[12]. - The Group's management will focus on forming stronger partnerships with strategic customers to adapt to the evolving business ecosystem[13]. Financial Position and Ratios - The Group's current ratio improved to 3.74 as of June 30, 2022, compared to 2.76 on December 31, 2021[27]. - The quick ratio increased to 2.78 as of June 30, 2022, from 1.99 on December 31, 2021[27]. - Bank balances and cash rose to HK$278,024,000 as of June 30, 2022, up HK$33,222,000 from approximately HK$244,802,000 on December 31, 2021[28]. - The gearing ratio decreased to 0.28 as of June 30, 2022, down from 0.42 on December 31, 2021[27]. - The Group had no bank borrowings or contingent liabilities as of June 30, 2022[28][32]. - Current assets totaled HK$679,927,000, a decrease from HK$789,383,000 as of December 31, 2021[123]. - Net current assets were HK$498,260,000, slightly down from HK$503,501,000 at the end of 2021[123]. - Total equity as of June 30, 2022, was HK$647,070,000, compared to HK$670,830,000 at the end of 2021, indicating a decrease of 3.5%[125]. Corporate Governance - The Company complied with the Corporate Governance Code, with a deviation regarding the service term of independent non-executive directors[77]. - The Company believes sufficient measures have been taken to ensure corporate governance practices meet CG Code standards[86]. - The Company has adopted the Model Code for Securities Transaction by Directors, ensuring compliance by all Directors during the six months ended 30 June 2022[87]. - The Audit Committee reviewed the accounting practices and interim financial results for the six months ended 30 June 2022, ensuring adherence to relevant standards[93]. - The Company has established a Nomination Committee comprising three independent non-executive Directors to oversee director nominations[94]. Shareholder Information - As of June 30, 2022, the total number of issued shares of the company was 501,324,860 ordinary shares[67]. - Dr. Wong, Man Hin Raymond held 16,527,972 shares, representing 3.30% of the total issued shares[60]. - Mr. Wong, Ying Man John owned 58,845,136 shares, accounting for 11.74% of the total issued shares[60]. - Dr. Wong, Kin Lae Wilson was the beneficial shareholder of 107,198,981 shares, which is 21.41% of the total issued shares[63]. - The interests disclosed represent long positions in the shares of the company[67]. - As of June 30, 2022, substantial shareholders include Ms. SUN, Kwing Hai Amelia with 107,348,981 shares, representing 21.41% of total issued shares[71]. Operational Developments - The Group will continue to invest in research and development to maintain its High and New Technology Enterprise status for the sixth consecutive year[13]. - The integration of the ERP system with Microsoft Power BI aims to enhance financial analytics and decision-making capabilities[17]. - The Group is preparing to comply with the Carbon Border Adjustment Mechanism (CBAM) and other ESG requirements to remain competitive in the market[18]. - The Group did not engage in any significant investments, acquisitions, or disposals during the six months ended June 30, 2022[35][38]. - The Group's transactions were primarily conducted in USD, HKD, and RMB, with no further exposure to foreign currency fluctuations anticipated[37][40].