Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 907,552,000, a decrease of 23.6% compared to HKD 1,189,026,000 for the same period in 2021[8] - The company reported a profit before tax of HKD 53,901,000, down 64.9% from HKD 153,365,000 in the previous year[8] - Basic earnings per share decreased to HKD 6.49 from HKD 17.10, reflecting a decline of 62.0%[8] - Total comprehensive income for the period was a loss of HKD 40,453,000, compared to a gain of HKD 118,746,000 in the prior year[8] - The group reported a profit of HKD 40,988,000 for the six months ended June 30, 2022, a decline of 62.0% compared to HKD 108,040,000 in the same period last year[39] - The profit attributable to the owners of the company for the same period was HKD 40,988,000, down 62.1% from HKD 108,040,000 in 2021[59] Assets and Liabilities - Non-current assets as of June 30, 2022, totaled HKD 1,032,044,000, slightly up from HKD 1,027,363,000 at the end of 2021[10] - Current assets decreased to HKD 1,481,181,000 from HKD 1,718,369,000, indicating a decline of 13.8%[10] - Total liabilities decreased to HKD 283,480,000 from HKD 340,978,000, reflecting a reduction of 16.9%[12] - The company's net assets decreased to HKD 2,104,484,000 from HKD 2,271,272,000, a decline of 7.3%[12] - The total equity of the group as of June 30, 2022, was HKD 2,104,484,000, down from HKD 2,271,272,000 as of December 31, 2021[60] Cash Flow and Expenses - The company's cash and cash equivalents decreased significantly to HKD 603,565,000 from HKD 833,586,000, a drop of 27.5%[10] - Operating cash flow before changes in working capital for the six months ended June 30, 2022, was HKD 111,716,000, compared to HKD 229,329,000 in the previous year, reflecting a significant decline[16] - The net cash used in operating activities for the six months ended June 30, 2022, was HKD 98,335,000, compared to HKD 75,323,000 in the same period of 2021[16] - Total expenses decreased to HKD 191,527,000 for the six months ended June 30, 2022, down 22.1% from HKD 245,943,000 in the previous year[30] - The cost of goods sold for the six months ended June 30, 2022, was HKD 723,741,000, down from HKD 872,397,000 in the previous year, indicating a reduction of 17.0%[35] Market and Operational Insights - The company has not disclosed any new product developments or market expansion strategies in the current report[8] - The company reported a decrease in revenue from the China market to HKD 787,688,000 for the six months ended June 30, 2022, compared to HKD 1,037,422,000 in the same period of 2021, representing a decline of 24.0%[27] - The group anticipates a continued slowdown in the domestic market in China, with consumer spending becoming more cautious due to unclear prospects[64] - Demand for medical products remains stable due to the ongoing pandemic, while the demand for environmentally friendly new energy vehicles continues to grow[64] - The international shipping sector is unlikely to recover smoothly in the short term due to ongoing supply chain disruptions and shortages of chips and imported components[64] Dividends and Shareholder Information - The company declared a final dividend of HKD 126,335,000 for the year ended December 31, 2021[16] - The interim dividend declared was HKD 0.06 per share, totaling HKD 37,901,000, down from HKD 0.15 per share and HKD 94,752,000 in the previous year[37] - As of June 30, 2022, Pan Island Investments Limited holds 366,210,937 shares, representing 57.97% of the company's issued share capital[81] - HSBC International Trustee Limited, as a trustee, holds 366,514,990 shares, accounting for 58.02% of the company's issued share capital[81] - David Michael Webb owns 37,938,498 shares, which is 6.00% of the company's issued share capital[81] Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code as set out in the Listing Rules during the review period[85] - The company has adopted the standard code of conduct for securities transactions by directors as per the Listing Rules[86] - All directors have confirmed compliance with the standard code throughout the review period[87] Future Outlook and Strategies - The group will strengthen its marketing team and network to explore market opportunities and actively seek orders to ensure stable revenue[64] - The group plans to integrate production processes, promote automation, and improve management systems to control rising operational costs[65] - The board has approved a new share option plan to attract and retain skilled participants for future development and expansion[77] - The global economic recovery faces significant challenges, including geopolitical instability, recurring COVID-19 variants, and persistent high inflation risks, leading to uncertainty in business prospects[64] - The group's operational costs are expected to rise, although the price of raw materials for mold steel may slightly decrease due to reduced demand[65]

Financial Performance - The group's revenue for the year ended December 31, 2021, was approximately HKD 2,273,399,000, an increase from HKD 2,064,882,000 in 2020[10]. - The profit attributable to the owners of the company for the same period was approximately HKD 227,841,000, compared to HKD 181,081,000 in 2020[10]. - Basic earnings per share for the year were HKD 0.3607, up from HKD 0.2867 in the previous year[10]. - The group's revenue for the year ended December 31, 2021, increased by 10.1% compared to the previous year[21]. - The group's profit after tax increased by 25.8% to HKD 227,841,000 for the year ended December 31, 2021, compared to HKD 181,081,000 in 2020[21]. - The cost of materials and consumables used to generate revenue increased by 8.0%, while the percentage of these costs in relation to revenue decreased to 36.1% from 36.9% in 2020[21]. - The actual tax rate increased to 27.8% from 18.0% in 2020, primarily due to prior year adjustments and increased recognition of deferred tax assets[21]. - Cash and bank deposits amounted to approximately HKD 833,586,000 as of December 31, 2021, down from HKD 918,623,000 in the previous year[22]. - The group maintained a total equity of approximately HKD 2,271,272,000 as of December 31, 2021, slightly down from HKD 2,274,394,000 a year earlier[22]. Market Outlook - The group anticipates continued pressure on the Chinese consumer products market, with a slowdown expected due to a cooling real estate market and reduced demand for home appliances[11]. - The outlook for the global economy remains uncertain, influenced by geopolitical tensions and supply chain disruptions[11]. - The demand for new technology electronic products is expected to remain positive, despite challenges in the electric vehicle sector due to standardization and charging infrastructure issues[11]. Operational Strategy - The group plans to adjust product prices in response to fluctuating raw material and steel prices due to inflationary pressures[13]. - The group is focusing on the development of core businesses and improving internal production and management to achieve stable growth and healthy returns[13]. - The impact of the COVID-19 pandemic remains a concern, with potential disruptions to operations due to outbreaks in mainland China[13]. - The group will integrate marketing strategies and networks to strengthen its competitive advantage in response to global market trends[11]. Corporate Governance - The company has established a Nomination Committee consisting of four independent non-executive directors, which held four meetings in the fiscal year ending December 31, 2021, with full attendance from all members[45][46]. - The Nomination Committee confirmed that the board members possess diverse skills, professional knowledge, experience, and qualifications, ensuring the board is capable of fulfilling its responsibilities[46]. - The company’s board diversity policy emphasizes the importance of diversity in enhancing overall performance, considering factors such as gender, age, cultural and educational background, and professional experience[64]. - The company’s independent non-executive directors actively participate in board meetings, providing independent judgment on strategy, policy, and company performance[41]. - The company has a structured process for evaluating the independence of all independent non-executive directors, ensuring compliance with the independence standards set forth in the listing rules[47]. - The Nomination Committee is responsible for reviewing the board's structure, size, and diversity, making recommendations for any changes to the board[45]. - The company’s board has distinct roles for the Chairman and the Managing Director, with the Chairman leading the board and the Managing Director implementing the board-approved strategies[40]. - The company has a policy for annual self-assessment of the board members to ensure effective governance[55]. - The Nomination Committee will review the nomination policy periodically to ensure its effectiveness and propose any necessary amendments to the board[63]. - The company maintains a clear framework for the powers and responsibilities of its committees, including the Audit, Nomination, and Remuneration Committees, which report their findings to the board after each meeting[42]. Audit and Risk Management - The Audit Committee held four meetings during the fiscal year ending December 31, 2021, reviewing quarterly performance and internal audit results[74]. - The Audit Committee recommended the approval of the consolidated financial statements for the year ending December 31, 2020, and the interim results for the six months ending June 30, 2021[76]. - The Audit Committee evaluated the effectiveness of the group's risk management and internal control systems, reporting findings to the board[80]. - The company confirmed that there are no significant uncertainties that could severely impact its ability to continue as a going concern[90]. - The company’s board of directors is responsible for preparing financial statements that reflect the group's true and fair state of affairs[90]. - The board confirmed its responsibility for overseeing the group's risk management and internal control systems, with annual reviews conducted by the risk management and internal control review task force[91]. - The internal audit department regularly reports to the board and audit committee on the effectiveness of internal controls, identifying any significant weaknesses or failures in procedures[94]. - The audit committee and board found no significant issues that would materially affect the group's financial condition or operational performance, deeming the risk management and internal control systems sufficient and effective[102]. - The fees paid to the external auditor for the fiscal year ending December 31, 2021, totaled HKD 3,100,000 for audit services and HKD 568,000 for interim review services[104]. ESG Commitment - The company aims to balance dividend distribution, maintaining sufficient liquidity, and seizing future growth opportunities to create long-term value for shareholders[115]. - The board of directors will consider the company's current financial performance and future financial requirements when recommending or declaring dividends[116]. - The company has established a rigorous ESG governance framework to assist the board in overseeing ESG-related matters[134]. - The ESG governance structure includes the board being ultimately responsible for the overall ESG vision and long-term sustainable development goals[135]. - The company will review its dividend policy periodically to ensure its effectiveness and may update or modify the policy as necessary[121]. - The ESG report is prepared in accordance with the guidelines set forth by the Hong Kong Stock Exchange, ensuring transparency and accountability[126]. - The report covers the company's manufacturing and sales operations in Guangdong and Zhejiang provinces, which are the core operations and main revenue sources[127]. - The company emphasizes ethical and responsible business practices as part of its corporate culture[134]. - The board will approve the overall ESG policies and strategies, as well as review the company's ESG performance[135]. - The company is committed to integrating sustainable development goals into its overall strategic direction[134]. Environmental Performance - The total GHG emissions for the year were 61,250 tons CO2 equivalent, a decrease of 7.2% from 68,758 tons in the previous year[155]. - Direct emissions (Scope 1) from diesel were 384 tons, an increase of 2.9% from 373 tons in the previous year[155]. - Indirect emissions (Scope 2) from purchased electricity were 60,521 tons, a decrease of 11% from 68,011 tons in the previous year[155]. - The GHG emissions per square meter of floor area were 0.19 tons CO2 equivalent, down from 0.21 tons in the previous year[155]. - The board has set strategic goals and indicators for the next three to five years to focus on achieving ESG vision[141]. - The company has established multiple environmental protection policies aimed at reducing emissions and conserving energy[154]. - The company engages with stakeholders through various channels to understand their expectations regarding ESG aspects[143]. - The company has identified and prioritized ESG projects based on their importance to the business and stakeholders[148]. - The company is committed to enhancing ESG risk management and internal controls to safeguard long-term stakeholder interests[141]. - The company’s operations are compliant with all applicable environmental protection laws and regulations in China[154]. - GHG emissions for Scope 1 totaled 712 tons, a decrease from 721 tons in 2020[2]. - Total hazardous waste generated was 207 tons, down from 370 tons in 2020, indicating a reduction of approximately 44%[160]. - Total non-hazardous waste generated was 39,498 tons, compared to 43,261 tons in 2020, reflecting a decrease of about 8%[160]. - Direct energy consumption was 1,969 MWh, a reduction from 2,033 MWh in 2020[167]. - Total energy consumption was 77,434 MWh, down from 79,455 MWh in 2020, representing a decrease of approximately 2.5%[167]. - Total water consumption was 490,418 cubic meters, significantly lower than 582,567 cubic meters in 2020, marking a reduction of about 16%[171]. - Total packaging materials used was 1,582 tons, slightly down from 1,587 tons in 2020[172]. - The company implemented energy-saving measures, including the use of high-efficiency production equipment and promoting recycling awareness among employees[170]. - The company has set annual energy-saving targets and continues to seek energy-saving potential and directions[166]. - The company has established a "Energy Saving Team" to ensure the effectiveness of environmental protection policies and monitor their implementation[166]. - The Chinese factory has implemented energy-saving and emission-reduction measures, including replacing old machinery with new ones, improving efficiency and reducing energy consumption[174]. Employee Management - As of December 31, 2021, the Chinese factory employed a total of 3,007 employees, with 2,601 males and 406 females[183]. - The employee turnover rate for 2021 was 16%, with 564 employees leaving the company, including 482 males (16%) and 82 females (17%)[184]. - Employees received a total of 22,015 hours of training in the Chinese factories during the year[194]. - The average training hours per employee was 7 hours, with 98% of employees receiving training[195]. - Male employees received an average of 7 hours of training (99% participation), while female employees received 10 hours (97% participation)[195]. - Senior management received an average of 2 hours of training (68% participation), while middle management received 9 hours (97% participation)[195]. - The company adheres strictly to labor laws and regulations in China to enforce its labor standards[196]. - The company emphasizes collaboration with suppliers who share its values and maintains a rigorous supplier selection process[197]. - The company has established policies to identify, assess, monitor, and manage environmental and social risks in its supply chain[197]. - The company is committed to reducing potential environmental and social risks that may impact its supply chain[197].

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 1,189,026 thousand, representing a 24.4% increase from HKD 955,564 thousand in 2020[10] - Profit before tax increased to HKD 153,365 thousand, up 71.1% from HKD 89,626 thousand in the previous year[10] - Net profit for the period was HKD 108,040 thousand, a 61.0% increase compared to HKD 67,128 thousand in 2020[10] - Total comprehensive income for the period was HKD 118,746 thousand, significantly higher than HKD 35,227 thousand in the same period last year[10] - Basic earnings per share rose to HKD 17.10, compared to HKD 10.63 in 2020, marking a 60.5% increase[10] - The company reported a profit of HKD 108,040,000 for the six months ended June 30, 2021, compared to HKD 67,128,000 for the same period in 2020, indicating a growth of approximately 61%[17] - Basic earnings per share for the six months ended June 30, 2021, were HKD 0.171, compared to HKD 0.106 in 2020, representing a growth of 61.3%[42] Assets and Equity - Non-current assets, including investment properties, totaled HKD 985,557 thousand as of June 30, 2021, slightly up from HKD 979,521 thousand at the end of 2020[12] - Current assets amounted to HKD 1,749,984 thousand, a decrease from HKD 1,766,123 thousand at the end of 2020[12] - The company's total equity decreased to HKD 2,216,270 thousand from HKD 2,274,394 thousand at the end of 2020[14] - The company’s total equity as of June 30, 2021, was HKD 2,216,270,000, down from HKD 2,274,394,000 as of January 1, 2021, primarily due to dividend payments[17] - Cash and bank deposits amounted to approximately HKD 934,887,000 as of June 30, 2021, compared to HKD 918,623,000 as of December 31, 2020, with no borrowings reported[63] Cash Flow and Operating Activities - Operating cash flow before changes in working capital for the six months ended June 30, 2021, was HKD 296,208,000, up from HKD 180,212,000 in 2020, indicating improved operational efficiency[19] - The net cash generated from operating activities for the six months ended June 30, 2021, was HKD 268,706,000, compared to HKD 168,038,000 in the previous year, reflecting a year-over-year increase of 60%[19] - The cash and cash equivalents at the end of June 30, 2021, amounted to HKD 934,887,000, compared to HKD 811,398,000 at the end of June 30, 2020, showing a year-over-year increase of 15.2%[19] Revenue Sources - Revenue from the manufacturing and sales of formwork and related products for the six months ended June 30, 2021, was HKD 1,189,026,000, an increase from HKD 955,564,000 in 2020, marking a growth of approximately 24.4%[30] - The company’s revenue from China for the six months ended June 30, 2021, was HKD 1,037,422,000, compared to HKD 821,029,000 in 2020, reflecting a growth of 26.4%[30] Expenses and Costs - Total expenses increased to HKD 245,943,000 for the six months ended June 30, 2021, compared to HKD 188,333,000 in 2020, reflecting a rise of 30.5%[34] - The cost of materials and consumables used increased by 17.6%, but the percentage of these costs to revenue decreased to 35.3% from 37.4% in 2020[62] - Employee benefit expenses increased by 14.5%, while other expenses rose by 30.6% during the reporting period[62] Dividends - The interim dividend declared was HKD 0.15 per share, totaling approximately HKD 94,752,000, up from HKD 0.10 per share and HKD 63,168,000 in 2020, marking a 50.0% increase[40] - The interim dividend declared is HKD 0.15 per share, an increase from HKD 0.10 per share in the previous year[71] - The company will suspend share transfer registration from September 14 to September 15, 2021, for dividend eligibility[72] Market Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] - The company expects ongoing challenges in the global economy due to the impact of COVID-19 and new variants, with varying recovery rates across countries[67] - The domestic market in China is projected to continue developing, particularly in smart home appliances and medical products, despite supply shortages in the automotive sector[67] - The company plans to enhance production capabilities through automation to mitigate reliance on labor amid rising labor costs[68] - The group anticipates fluctuations in raw material prices, particularly for mold steel, and will adjust procurement strategies to manage cost volatility[68] Governance and Compliance - The company has complied with all code provisions of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules throughout the review period[93] - The company has adopted the standard code as set out in Appendix 10 of the Listing Rules as the code of conduct for securities transactions by directors[94] - All directors have confirmed compliance with the standard code throughout the review period[95] Shareholder Information - Major shareholders include Pan Island Investments Limited, holding 366,210,937 shares, representing 57.97% of the company[83] - The board of directors has significant personal and family interests in the company, with total holdings of 407,372,381 shares, accounting for 64.49%[75]

® Annual Report 2020 年 報 LKM 龍記 ( 百慕達 ) 集團有限公 司 年 報 2020 ANNUAL REPORT2020 annummannanammannanammannanammannanammannanammanmannanammanmannanammanmannan 目 錄 2020 年報 l 龍記（百慕達）集團有限公司 | --- | --- | --- | |-------|--------------------------|-------| | | 公司資料 | 2 | | | 主席報告書 | 3 | | | 管理層之討論及分析 | 5 | | | 企業管治報告 | 7 | | | 董事會報告書 | 22 | | | 獨立核數師報告書 | 32 | | | 綜合損益及其他全面收益表 | 37 | | | 綜合財務狀況表 | 38 | | | 綜合權益變動表 | 40 | | | 綜合現金流量表 | 41 | | | 綜合財務報表附註 | 42 | | | 五年財務概要 | 98 | | | 持作投資之物業 | 99 | mmm 公司資料 http://www.ira ...

® 龍記(百慕達)集團有限公司 股份代號: 255 r 4 目錄 簡明綜合財務報表審閱報告 2 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況表 5 簡明綜合權益變動表 7 簡明綜合現金流量表 8 簡明綜合財務報表附註 9 管理層討論與分析 19 其他資料 22 1 2020 中期報告 簡明綜合財務報表審閱報告 Deloitte. 德勤 致：龍記（百慕達）集團有限公司 （於百慕達註冊成立之有限公司） 董事會 引言 本核數師已審閱龍記（百慕達）集團有限公司（「公司」）及其附屬公司（載於第4至18頁之簡明 綜合財務報表，其中包括於二零二零年六月三十日之簡明綜合財務狀況表與截至該日止 六個月期間之相關簡明綜合損益及其他全面收益表、權益變動表和現金流量表及若干說 明附註。香港聯合交易所有限公司證券上市規則規定，就中期財務資料編製之報告必須 符合當中有關條文以及香港會計師公會頒佈之香港會計準則第34號「中期財務報告」（「香 港會計準則第34號」）。公司董事須對根據香港會計準則第34號編製及呈列該等簡明綜合 財務報表負責。本核數師之責任是根據審閱對該等簡明綜合財務報表作出結論，並按照 委聘之協定條款僅向作為實體之 閣 ...

Annual Report 2019 年 報 龍 記 ( 百 慕 達 ) 集 團 有 限 公 司 2019年 報 2019 ANNUAL REPORT 目 錄 2019 年報 l 龍記（百慕達）集團有限公司 公司資料 2 主席報告書 3 5 管理層之討論及分析 企業管治報告 6 董事會報告書 22 獨立核數師報告書 32 38 綜合權益變動表 40 綜合現金流量表 41 42 五年財務概要 綜合損益及其他全面收益表 37 綜合財務狀況表 綜合財務報表附註 持作投資之物業 98 99 公司資料 獨立非執行董事 李達義博士 李裕海先生 王克勤先生 公司秘書 韋龍城先生 律師 胡關李羅律師行 註冊辦事處 核數師 主要往來銀行 執行董事 邵鐵龍先生（主席） 邵玉龍先生（董事總經理） 韋龍城先生 丁宗浩先生 邵旭桐先生 邵宇衡先生 香港 中環 康樂廣場1號 怡和大廈26樓 德勤‧關黃陳方會計師行 執業會計師 香港 金鐘道88號 太古廣場1座35樓 香港上海滙豐銀行有限公司 香港 皇后大道中1號 百慕達主要股份過戶登記處 MUFG Fund Services (Bermuda) Limited 4th Floor Nor ...

LKM ® 龍記(百慕達)集團有限公司 股份代號: 255 中 期 報 告 2019 d 0 目錄 簡明綜合財務報表審閱報告 2 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況表 5 簡明綜合權益變動表 7 簡明綜合現金流量表 8 簡明綜合財務報表附註 9 管理層討論與分析 29 其他資料 32 1 2019 中期報告 簡明綜合財務報表審閱報告 Deloitte. 德勤 致：龍記（百慕達）集團有限公司 （於百慕達註冊成立之有限公司） 董事會 引言 本核數師已審閱龍記（百慕達）集團有限公司（「公司」）及其附屬公司（統稱「貴集團」）（載於第 4至28頁之簡明綜合財務報表，其中包括於二零一九年六月三十日之簡明綜合財務狀況表 與截至該日止六個月期間之相關簡明綜合損益及其他全面收益表、權益變動表和現金流 量表及若干說明附註。香港聯合交易所有限公司證券上市規則規定，就中期財務資料編 製之報告必須符合當中有關條文以及香港會計師公會頒佈之香港會計準則第34號「中期 財務報告」（「香港會計準則第34號」）。公司董事須對根據香港會計準則第34號編製及呈列 該等簡明綜合財務報表負責。本核數師之責任是根據審閱對該等簡明綜合財務報 ...

® 4 K 龍記(百慕達)集團有限公司 股份代號: 255 018 年報21 2018 年報 龍記（百慕達）集團有限公司 目 錄 2018 年報 龍記（百慕達）集團有限公司 2 公司資料 3 主席報告書 5 管理層之討論及分析 6 企業管治報告 22 董事會報告書 32 獨立核數師報告書 37 綜合損益及其他全面收益表 38 綜合財務狀況表 40 綜合權益變動表 41 綜合現金流量表 42 綜合財務報表附註 94 五年財務概要 95 持作投資之物業 公司資料 執行董事 百慕達主要股份過戶登記處 邵鐵龍先生（主席） MUFG Fund Services (Bermuda) Limited 邵玉龍先生（董事總經理） The Belvedere Building 韋龍城先生 69 Pitts Bay Road 丁宗浩先生 Pembroke HM08 邵旭桐先生 Bermuda 邵宇衡先生 香港股份過戶登記分處 獨立非執行董事 香港中央證券登記有限公司 李達義博士 香港 李裕海先生 皇后大道東183號 王克勤先生 合和中心17樓 1712–1716舖 公司秘書 新加坡股份過戶代辦處 韋龍城先生 M & C Servi ...