Workflow
KING FOOK HOLD(00280)
icon
Search documents
天顺股份(002800)4月25日主力资金净买入1487.01万元
Sou Hu Cai Jing· 2025-04-27 23:16
4月25日的资金流向数据方面,主力资金净流入1487.01万元,占总成交额6.71%,游资资金净流出 618.01万元,占总成交额2.79%,散户资金净流出868.99万元,占总成交额3.92%。 近5日资金流向一览见下表: | | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净占比 散户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-04-25 12.29 3.02% | | | 1487.01万 | 6.71% | -618.01万 | -2.79% | -868.99万 | -3.92% | | 2025-04-24 | 11.93 | 1.71% | 71.31万 | 0.37% | -416.68万 | -2.17% | 345.37万 | 1.80% | | 2025-04-23 | 11.73 | -3.14% | 103.57万 | 0.61% | -934.09万 | -5.53% | 830.52万 | 4.92% | | 2025-04-22 12.11 ...
300280 深夜公告!
Zheng Quan Shi Bao· 2025-04-22 15:05
紫天科技(300280)4月22日晚间公告称,公司原定于2025年4月23日披露公司2024年年度报告以及2025年 第一季度报告。截至公告日,因公司仍未聘请年审会计师,预计无法在法定期限(2025年4月30日)前 披露2024年年度报告及2025年第一季度报告。 深夜突发! 公告称,2024年5月20日,公司召开2023年年度股东大会,审议通过聘请北京亚泰国际会计师事务所 (特殊普通合伙)(简称"亚泰国际")为公司2024年度审计机构。公司于2025年4月14日收到亚泰国际发 来的《通知函》,告知公司截至2025年4月11日仍未与亚泰国际签订2024年度审计业务约定书,并欠付 2023年度审计费用,亚泰国际将不再与公司洽谈2024年年审合作事宜。鉴于上述原因,公司无法在法定 期限(2025年4月30日)内完成审计工作,无法按时披露2024年年度报告及2025年第一季度报告。 值得一提的是,紫天科技早在今年3月17日就已经停牌。 据了解,2024年9月6日,因涉嫌信息披露违法违规,根据相关法律法规,紫天科技被中国证监会立案调 查,相关案件正在调查中。 2024年10月25日,因涉嫌拒绝阻碍执法,中国证监会依法 ...
国家统计局:2024年全国房地产开发投资100280亿元,比上年下降10.6%
证券时报网讯,据国家统计局,2024年,全国房地产开发投资100280亿元,比上年下降10.6%(按可比 口径计算);其中,住宅投资76040亿元,下降10.5%。 2024年,房地产开发企业房屋施工面积733247万平方米,比上年下降12.7%。 其中,住宅施工面积513330万平方米,下降13.1%。 房屋新开工面积73893万平方米,下降23.0%。 其中,住宅新开工面积53660万平方米,下降23.0%。 房屋竣工面积73743万平方米,下降27.7%。 其中,住宅竣工面积53741万平方米,下降27.4%。 校对:吕久彪 ...
景福集团(00280) - 2025 - 中期财报
2024-12-18 08:36
Financial Performance - Total revenue for the period reached HKD 387.3 million, an increase of 6.4% from HKD 363.9 million in the same period last year[9]. - Net profit attributable to shareholders decreased to HKD 37.0 million, down 15.3% from HKD 43.7 million in the previous year[9][14]. - Retail business revenue increased by 7.0% to HKD 387.2 million, driven by a mid-single-digit growth in jewelry sales despite challenging economic conditions[10]. - Gross profit margin improved from 30.4% to 31.9%, resulting in a gross profit increase of HKD 12.8 million[13]. - Same-store sales growth reached 8.6% during the period, supported by a loyal customer base and strong supplier relationships[10]. - Operating profit decreased to HKD 36,926 thousand from HKD 45,383 thousand, indicating a decline of 18.5% year-over-year[55]. - Profit before tax was HKD 34,644 thousand, down from HKD 43,737 thousand, representing a decrease of 20.8%[55]. - Net profit for the period was HKD 37,044 thousand, compared to HKD 43,737 thousand in the previous year, a decline of 15.4%[55]. - Total comprehensive income for the period was HKD 39,761 thousand, slightly lower than HKD 43,689 thousand from the same period last year[55]. Market Outlook - The geopolitical tensions and high gold prices are expected to continue affecting consumer sentiment in the short term[16]. - The company anticipates a gradual recovery in the luxury goods market in the medium to long term due to recent government measures aimed at stabilizing the economy[16]. Investment and Development - The company plans to continue investing in the design and production of daily wear gold products and unique jewelry to meet customer preferences[16][17]. - Continued investment in employee development, brand building, digital marketing, and creative product design is planned to better serve existing and potential customers[20]. - The introduction of the "Gold for Diamonds" product line has been successful and will be expanded across all stores[17]. Financial Position - As of September 30, 2024, the group's current assets and current liabilities were approximately HKD 861.1 million and HKD 170.1 million, respectively[21]. - The total borrowings of the group were approximately HKD 68.5 million, resulting in a healthy debt-to-equity ratio of 8.9%[21]. - Total assets as of September 30, 2024, amounted to HKD 957,956 thousand, a slight increase from HKD 917,316 thousand as of March 31, 2024[58]. - Current liabilities increased to HKD 170,117 thousand from HKD 147,758 thousand, indicating a rise of 15.1%[58]. - Equity attributable to owners of the company was HKD 771,339 thousand, up from HKD 755,220 thousand, reflecting a growth of 2.1%[58]. Cash Flow and Investments - The company's cash and cash equivalents at the end of the period were HKD 192,925,000, a decrease from HKD 353,914,000 at the end of the previous period, reflecting a reduction of approximately 45.5%[64]. - Operating cash flow before changes in working capital was HKD 60,577,000, compared to HKD 62,407,000 in the prior year, showing a slight decrease of about 2.9%[64]. - The company experienced a net cash outflow from investing activities of HKD 63,832,000, compared to HKD 58,020,000 in the previous year, indicating an increase in cash outflow of approximately 10.5%[64]. - The company reported a foreign exchange gain of HKD 143,000 from the translation of overseas operations for the period[61]. - The company’s investment income recognized at fair value through other comprehensive income amounted to HKD 1,570,000 for the period[61]. Employee and Management - The group employed approximately 139 employees as of September 30, 2024, with a performance-based bonus reward program in place[27]. - Employee benefits expenses for the six months ended September 30, 2024, amounted to HKD 37,588,000, a slight decrease from HKD 38,013,000 in the same period of 2023, reflecting a 1.1% decline[106]. - The total salary, allowances, and benefits for key management personnel reached HKD 8,350,000 for the six months ended September 30, 2024, an increase from HKD 8,033,000 in the same period last year[162]. Dividends and Share Capital - The company has not established a dividend policy or predetermined dividend rate, with future dividends to be considered based on various factors[41]. - The company declared an interim dividend of 0.4 HKD per share for the 2024/25 fiscal year, consistent with the previous year's interim dividend[98]. - The total issued share capital remained unchanged at HKD 393,354,000 with 909,308,465 shares as of both September 30, 2024, and March 31, 2024[142]. Accounting and Compliance - The company anticipates that the adoption of new accounting standards will not have a significant impact on its financial performance or position[73]. - The group expects to adopt all relevant accounting standards upon their effective dates, ensuring compliance with regulatory requirements[75]. - The company's auditor provided an unqualified opinion on the financial statements for the year ending March 31, 2024[44].
景福集团(00280) - 2025 - 中期业绩
2024-11-22 10:18
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。 fOOK holdings limited 集團有限公司 於香糖團立方廣公司) 《嚴傑圖》 《嚴份機:280 截至 2024 年 9 月 30 日止 6 個月之中期業績 景福集團有限公司(「本公司」)董事會(「董事會」)宣佈,本公司及其附屬公司(統稱「本集團」)於截至 2024年9月30日止6個月之未經審核中期簡明綜合財務報表連同去年同期之比較數字如下: 簡明綜合損益及其他全面收益表 | --- | --- | --- | --- | |------------------------------------------------------------------|-------|---------------------------------------------------|------------------------------------------| | | 附註 | 未經審核 截 ...
景福集团(00280) - 2024 - 年度财报
2024-07-30 09:07
ANNUAL REPORT 2024 目錄 2 公司資料 3 董事及高級管理人員簡歷 6 主席報告書 7 管理層討論及分析 10 董事會報告書 15 企業管治報告 22 風險管理及內部監控報告 25 獨立核數師報告書 29 綜合損益及其他全面收益表 30 綜合財務狀況表 32 綜合權益變動表 33 綜合現金流量表 34 綜合財務報表附註 82 投資物業概況 83 五年財務概況 公司資料 | 董事會 | 執行董事 | | --- | --- | | (於本年報日期) | (主席) 鄧日燊先生B.Sc., M.B.A., B.B.S., J.P. | | | 馮鈺斌博士 | | | 王渭濱先生 | | | 非執行董事 | | | 何厚浠先生 | | | 何維珊女士 | | | 獨立非執行董事 | | | 鄭家成先生 | | | 鄭國成先生 | | | 侯旦丹女士 | | | 冼雅恩先生 | | 授權代表 | 鄧日燊先生B.Sc., M.B.A., B.B.S., J.P. | | | 梁佩玲女士 | | 公司秘書 | 梁佩玲女士 | | 核數師 | 香港立信德豪會計師事務所有限公司 | | | 執業會計師 | | ...
景福集团(00280) - 2024 - 年度业绩
2024-06-17 11:26
Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was HKD 775,573,000, a decrease of 13.3% from HKD 894,702,000 in 2023[2] - Gross profit for the same period was HKD 240,785,000, down 10.8% from HKD 269,941,000 in the previous year[2] - Operating profit increased to HKD 86,740,000, up 4.0% from HKD 82,779,000 in 2023[2] - The net profit for the year was HKD 85,191,000, representing a 7.2% increase compared to HKD 79,452,000 in 2023[2] - The total comprehensive income for the year was HKD 82,904,000, compared to HKD 78,435,000 in the previous year, reflecting a growth of 5.9%[4] - Basic and diluted earnings per share increased to HKD 9.37 from HKD 8.73, marking a rise of 7.3%[4] Revenue Breakdown - Total revenue for the year ended March 31, 2024, was HKD 775,573,000, a decrease of 13.3% from HKD 894,702,000 for the year ended March 31, 2023[20] - Revenue from gold jewelry, jewelry, watches, and gifts retail was HKD 733,364,000, down 12.1% from HKD 834,659,000 in the previous year[20] - Revenue from bullion trading was HKD 39,863,000, a decline of 31.4% compared to HKD 58,220,000 in the prior year[20] - Retail revenue decreased by 13.4%, from HKD 892.9 million to HKD 773.2 million, due to a sluggish jewelry market and the closure of certain retail stores[44] Expenses and Liabilities - The cost of goods sold for the year was HKD 533,645,000, down 14.5% from HKD 623,824,000 in the previous year[25] - The pre-tax profit for the year was significantly impacted by a decrease in revenue and increased operating expenses, with total operating expenses amounting to HKD 17,444,000 for the year ended March 31, 2024[23] - Current liabilities were HKD 147,758,000, significantly higher than HKD 74,948,000 in the previous year[6] - Trade payables increased to HKD 17,732 million in 2024 from HKD 9,690 million in 2023, reflecting a significant rise in liabilities[39] - Administrative expenses increased to HKD 52.4 million from HKD 50.5 million, primarily due to higher employee salaries and bonuses[43] Assets and Cash Flow - Total assets as of March 31, 2024, amounted to HKD 917,316,000, an increase from HKD 854,184,000 in 2023[6] - The company's cash and cash equivalents decreased to HKD 231,231,000 from HKD 301,060,000, a decline of 23.2%[6] - Trade receivables increased significantly to HKD 8,047,000 in 2024 from HKD 1,070,000 in 2023, showing a substantial growth[37] - The company reported a significant decrease in other receivables from HKD 35,969,000 in 2023 to zero in 2024, indicating a complete write-off or collection of these receivables[37] Dividends - The proposed final dividend for the year ended March 31, 2024, is HKD 2.6 per share, up from HKD 2.0 per share in 2023, while the special dividend has been set to zero, down from HKD 8.0 per share in 2023[28] - The company reported a total of HKD 94,568,000 in dividends declared during the year, compared to HKD 18,209,000 in the previous year, marking a significant increase[27] - The board proposed a final dividend of HKD 0.026 per share for the year ended March 31, 2024, compared to HKD 0.020 per share in the previous year[41] - The company has not established a dividend policy or predetermined dividend rate, with the board considering various factors for future dividend announcements[51] Operational Developments - The group primarily operates in the retail of gold jewelry, watches, and gifts, with a focus on expanding its market presence[8] - The company opened a new watch store and a new jewelry store in December 2023, focusing on exclusive brands to enhance product diversification and customer experience[45] - Same-store sales growth was recorded at 1% despite the overall revenue decline, attributed to cost reductions and improved gross margins[47] - The company plans to expand its jewelry and watch brand portfolio and improve operational efficiency while maintaining strict cost and inventory controls in the upcoming year[48] Accounting and Audit - The company is currently evaluating the impact of new accounting standards and revisions, expecting no significant effect on the consolidated financial statements[13] - The audit committee reviewed the accounting policies and practices, risk management systems, and financial reporting matters for the year ending March 31, 2024[53] - The auditor, Hong Kong Lixin Dehao CPA Limited, confirmed that the preliminary performance announcement figures align with the audited consolidated financial statements for the year ending March 31, 2024[54] - The auditor's reports for both financial years were unqualified and did not include any emphasis of matter[55]
景福集团(00280) - 2024 - 中期财报
2023-12-20 08:33
Financial Performance - For the six months ended September 30, 2023, the company recorded total revenue of HKD 363.9 million, a decrease of HKD 48.6 million or 11.8% compared to HKD 412.5 million in the same period last year[7] - The net profit attributable to the company's owners reached HKD 43.7 million, an increase from HKD 38.6 million in the same period last year[7] - Retail business revenue decreased by HKD 49.8 million or 12.1% to HKD 362.0 million compared to HKD 411.8 million in the previous year[8] - Operating profit increased to HKD 45,383,000, up 11.5% from HKD 40,750,000 in the previous year[48] - Net profit for the period was HKD 43,737,000, a rise of 13.4% compared to HKD 38,627,000 in 2022[48] - Total comprehensive income for the period was HKD 43,689,000, compared to HKD 37,435,000 in the same period last year, reflecting an increase of 16.5%[48] - Basic and diluted earnings per share increased to HKD 4.8, up from HKD 4.2 in the previous year[48] - The company reported a pre-tax profit of HKD 43,735,000 for the six months ended September 30, 2023, compared to HKD 38,626,000 for the same period in 2022, an increase of 13.4%[76] Revenue Breakdown - Revenue for the six months ended September 30, 2023, was HKD 363,913,000, a decrease of 11.8% compared to HKD 412,514,000 in 2022[65] - Revenue from gold jewelry, jewelry, watches, and gifts retail was HKD 342,357,000, down 8.3% from HKD 373,176,000 in the previous year[65] - Revenue from gold bar trading decreased by 49.1% to HKD 19,637,000 from HKD 38,637,000[65] - Diamond wholesale revenue increased significantly to HKD 1,919,000 from HKD 701,000, marking a growth of 173.0%[65] - Other income for the six months ended September 30, 2023, was HKD 14,195,000, compared to HKD 6,268,000 in the same period of 2022, representing a growth of 126.5%[67] Dividends and Shareholder Information - The company will pay an interim dividend of HKD 0.4 per share for the six months ended September 30, 2023, consistent with the previous year[4] - The company declared a total dividend of HKD 90,931,000 for the 2022/23 fiscal year, significantly higher than HKD 14,570,000 in the previous year[74] - Major shareholder Yang Zhi Cheng Holdings Limited held 586,195,857 shares, representing 64.47% of the issued share capital as of September 30, 2023[30] - Directors' shareholdings as of September 30, 2023, included Mr. Tang with 7,528,500 shares (0.83%), Mr. Ho with 6,657,000 shares (0.73%), and Dr. Feng with 5,856,517 shares (0.64%)[27] Liquidity and Financial Position - The company reported a current ratio with current assets of approximately HKD 913.5 million and current liabilities of approximately HKD 228.7 million, indicating a healthy liquidity position[18] - The total borrowings as of September 30, 2023, were approximately HKD 50.8 million, resulting in a debt-to-equity ratio of 7.1%[18] - Cash and cash equivalents rose to HKD 353,914,000, compared to HKD 301,060,000 at the end of March 2023[49] - The company reported a significant increase in cash flow from financing activities, with total liabilities from financing activities amounting to HKD 199,294,000 as of September 30, 2023[113] Employee and Management Information - As of September 30, 2023, the company had a total of approximately 133 employees, with a performance-based bonus reward program in place[24] - Employee benefit expenses for the six months ended September 30, 2023, totaled HKD 38,013,000, an increase of 5.5% from HKD 35,082,000 in the same period of 2022[83] - The total remuneration for key management personnel for the six months ended September 30, 2023, was HKD 8,033,000, an increase from HKD 7,323,000 in the previous year[120] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code during the six months ended September 30, 2023, except for the absence of formal appointment letters for directors[35] - The company’s auditor, Hong Kong Li Xin De Hao Accounting Firm, reviewed the interim financial statements for the six months ended September 30, 2023[38] - The company has not established a dividend policy or predetermined dividend rate, with future dividends to be considered based on various factors[36] Asset and Inventory Management - Total assets as of September 30, 2023, were HKD 971,271,000, an increase from HKD 854,184,000 as of March 31, 2023[49] - The company reported a significant increase in inventory, which stood at HKD 394,582,000, up from HKD 387,379,000 as of March 31, 2023[49] - Trade receivables as of September 30, 2023, amounted to HKD 8,067,000, a substantial increase from HKD 1,070,000 as of March 31, 2023[18] - Inventory as of September 30, 2023, totaled HKD 394,582,000, compared to HKD 387,379,000 as of March 31, 2023, with jewelry being the largest component at HKD 232,575,000[19] Investment and Capital Expenditures - The total cash outflow from investing activities was HKD 58,020,000, compared to a cash inflow of HKD 16,557,000 in the same period last year, indicating a shift in investment strategy[53] - Capital expenditures for the six months ended September 30, 2023, were approximately HKD 119,000, a significant decrease from HKD 8,392,000 in the same period of 2022[85] - The company recognized a total of HKD 10,766,000 in right-of-use asset additions for the six months ended September 30, 2023[89] Fair Value Measurements - The fair value of investments in equity securities listed in Hong Kong was HKD 145,000 as of September 30, 2023, down from HKD 173,000 as of March 31, 2023[101] - The fair value of unlisted equity securities increased from HKD 326,000 at the beginning of the period to HKD 654,000 at the end of the period, reflecting a significant change in fair value recognized in other comprehensive income[125] - The fair value measurement of unlisted equity securities is based on observable inputs classified as Level 3, with a valuation technique using market approach and significant unobservable inputs[127] - The fair value of unlisted equity securities is sensitive to the price-to-book ratio, which ranged from 0.16 to 0.49 as of September 30, 2023, compared to 0.22 to 0.85 as of March 31, 2023[129]
景福集团(00280) - 2024 - 中期业绩
2023-11-20 10:15
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。 截截截截至至至至 2023 年年年年 9 月月月月 30 日日日日止止止止 6 個個個個月月月月之之之之中中中中期期期期業業業業績績績績 景福集團有限公司(「本公司」)董事會(「董事會」)宣佈,本公司及其附屬公司(統稱「本集團」)於截至 2023年9月30日止6個月之未經審核中期簡明綜合財務報表連同去年同期之比較數字如下: 簡簡簡簡明明明明綜綜綜綜合合合合損損損損益益益益及及及及其其其其他他他他全全全全面面面面收收收收益益益益表表表表 未未未未經經經經審審審審核核核核 截截截截至至至至9月月月月30日日日日止止止止6個個個個月月月月 2023年年年年 2022年 附註 千千千千港港港港元元元元 千港元 收收收收入入入入 5 363,913 412,514 銷售成本 (253,192) (283,848) 毛毛毛毛利利利利 110,721 128,666 其他收益及收入 6 14,195 ...
景福集团(00280) - 2023 - 年度财报
2023-07-20 10:52
Financial Performance - For the fiscal year ending March 31, 2023, the company reported a profit before tax of HKD 79,452,000, an increase of 32.3% compared to HKD 60,040,000 in 2022[12] - Total revenue for the year ended March 31, 2023, was HKD 894.7 million, an increase of 9.2% from HKD 819.2 million in 2022[117] - Gross profit for the same period was HKD 269.9 million, up from HKD 234.2 million, reflecting a gross margin improvement[117] - Operating profit increased to HKD 82.8 million from HKD 65.9 million, representing a growth of 25.8%[117] - Profit before tax rose to HKD 79.5 million, compared to HKD 60.0 million in the previous year, marking a 32.5% increase[117] - The company reported a net profit of HKD 79.5 million for the year, consistent with the profit before tax figure[117] - The company's total comprehensive income for the year was HKD 78,435,000, an increase from HKD 59,995,000 in the previous year, representing a growth of approximately 30.7%[156] - Basic and diluted earnings per share increased to HKD 8.73 from HKD 6.59, reflecting a year-over-year growth of approximately 32.5%[156] - The company reported a profit of HKD 79,466,000 for the year, compared to HKD 60,050,000 in the previous year, marking a significant increase of 32.3%[170] Cash Flow and Liquidity - The company’s cash flow from financing activities showed a total cash outflow of HKD 114,838,000, primarily due to repayments of gold loans and lease liabilities[18] - The net cash generated from operating activities was HKD 98,627,000, a decrease from HKD 172,467,000 in the prior year, indicating a decline of 42.7%[167] - The company reported a net increase in cash and cash equivalents of HKD 46,671,000, compared to HKD 45,254,000 in the previous year, showing a slight increase of 3.1%[167] - As of March 31, 2023, total cash and cash equivalents stood at HKD 301,060,000, up from HKD 254,519,000 in the previous year, representing a growth of 18.3%[167] - Cash and cash equivalents rose to HKD 301,060,000 from HKD 254,519,000, indicating improved liquidity[79] Assets and Liabilities - Total assets as of March 31, 2023, amounted to HKD 854,184,000, a decrease of 1.3% from HKD 863,288,000 in 2022[121] - Current assets increased to HKD 817,195,000 from HKD 782,690,000, reflecting a growth of 4.4%[121] - Current liabilities decreased to HKD 74,948,000 from HKD 135,303,000, a reduction of 44.7%[121] - The company's total financial liabilities amounted to HKD 70,987,000, with trade payables at HKD 9,690,000 and lease liabilities at HKD 42,731,000[149] - The group’s lease liabilities amounted to approximately HKD 14,849,000, a decrease from HKD 15,397,000 in 2022[32] Equity and Retained Earnings - The net asset value as of March 31, 2023, was HKD 570,901,000, down from HKD 586,675,000 in 2022[32] - The company's retained earnings decreased to HKD 177,547,000 from HKD 193,321,000 in the previous year[32] - Total equity as of March 31, 2023, was HKD 766,977,000, up from HKD 707,686,000, reflecting an increase of 8.4%[121] - The company's retained earnings increased to HKD 338,917,000 from HKD 278,595,000, showing a growth of approximately 21.7%[160] Risk Management - The group has engaged external consultants to enhance risk management processes and provide overall commentary on the risk management system[36] - The internal audit department plays a crucial role in maintaining effective risk management and internal control systems[48] - The group conducts semi-annual self-assessments of its internal control systems to ensure compliance and effectiveness[47] - The group has established a risk management and internal control system that is deemed effective and sufficient for the reporting period[49] - The group has undergone a review of its risk management processes with the assistance of external consultants[49] Financial Management Practices - The group has adopted a conservative approach to financial risk management, focusing on minimizing potential adverse impacts on financial performance[79] - The company has implemented effective policies for managing foreign exchange risk, which are expected to mitigate significant impacts on profit and reserves[127][128] - The company has not utilized any derivative instruments for hedging purposes, maintaining a straightforward financial strategy[79] - The company’s financial risk management practices are aligned with the Hong Kong Financial Reporting Standards, ensuring transparency in fair value measurements[153] Changes in Accounting Standards - The company adopted revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its accounting policies[176] - The new insurance contract standards established principles for recognition, measurement, presentation, and disclosure, replacing the previous standards[183] - The company highlighted that the revised standards aim to simplify financial performance interpretation and provide additional transitional exemptions[183] - The company reported that the fair value measurement framework is divided into three levels based on the reliability of significant inputs used[194] - The company indicated that the revised accounting standards would come into effect for annual periods beginning on or after January 1, 2024[190]