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佈之內容概不負責，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佈全部或任何部分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。 長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED ( 於 香 港 註 冊 成 立 之 有 限 公 司 ) (股份代號：00294) 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 佈 長江製衣有限公司(｢本公司｣)之董事會宣佈本公司及其附屬公司(統稱｢本集團｣)及本集團的合營企業截至二零二五年 三月三十一日止年度之綜合業績連同相應期間的比較數字及所選取的解釋資料如下： 綜合損益表 截至二零二五年三月三十一日止年度 ( 以港元計 ) | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千元 | 千元 | | 收入 | 及 3 4 | 186,431 | 234,302 | | 銷售成本 | | (152,017) | (189,849) | | 毛利 | | 34,41 ...

Financial Performance - For the six months ended September 30, 2024, the company reported a loss of HKD 31,773,000 compared to a loss of HKD 18,367,000 for the same period in 2023, indicating a deterioration in performance [2]. - Total comprehensive income for the six months ended September 30, 2024, was HKD (14,145,000), while in 2023 it was HKD (38,762,000), showing an improvement in overall financial performance despite the loss [2]. - The Group reported a comprehensive loss of HK$57,129,000 for the six months ended September 30, 2024 [48]. - The loss attributable to ordinary equity shareholders for the six months ended September 30, 2024 was $31,773,000, compared to a loss of $18,367,000 in 2023, representing an increase of 73.2% [116]. - The company reported a loss for the period of $31,773,000, compared to a loss of $18,367,000 in 2023 [66]. - The consolidated loss before taxation for the six months ended September 30, 2024 was HK$32,180,000, compared to a loss of HK$17,667,000 in the same period of 2023, indicating a significant increase in losses [88]. - EBITDA for the period was reported at a loss of HK$36,708,000, compared to a loss of HK$21,081,000 in the same period last year, reflecting a 74% increase in losses [179]. Revenue and Sales - For the six months ended 30 September 2024, the Group's revenue from the manufacture and sale of garments was HK$73,088,000, a decrease of 22.0% compared to HK$94,865,000 in the same period of 2023 [16]. - Revenue from the manufacture and sale of textiles was HK$21,356,000, down 81.8% from HK$117,401,000 in the previous year [16]. - Processing service income for the period was HK$73,465,000, a decline of 22.9% from HK$95,383,000 in the same period of 2023 [16]. - Total revenue for the Group for the six months ended 30 September 2024 was HK$75,301,000, down 23.2% from HK$98,153,000 in the same period of 2023 [16]. - Revenue from external customers for the six months ended 30 September 2024 was HK$73,465,000, a decrease from HK$95,383,000 in the same period of 2023, representing a decline of approximately 23% [85]. - The core garment business revenue continued to decline, attributed to reduced orders from U.S. clients due to the current political situation [181]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period increased to HKD 190,100,000 from HKD 74,842,000 in the previous year, reflecting a significant improvement in liquidity [7]. - Net cash used in operating activities decreased to HKD (8,726,000) from HKD (13,369,000), indicating better cash management in operations [7]. - The company reported a net cash generated from investing activities of HKD 6,315,000, compared to a net cash used of HKD (93,532,000) in the previous year, highlighting a positive shift in investment cash flows [7]. - As of September 30, 2024, cash and cash equivalents totaled $303,425,000, a slight decrease from $304,504,000 as of March 31, 2024 [125]. Assets and Liabilities - The company’s total equity as of September 30, 2024, was HKD 1,004,908,000, a decrease from HKD 1,046,921,000 in the previous year, indicating a decline in shareholder value [2]. - Current liabilities increased to HK$64,637,000 as of September 30, 2024, from HK$48,888,000 as of March 31, 2024 [46]. - The Group's inventories were valued at HK$708,756,000 as of September 30, 2024, compared to HK$736,597,000 as of March 31, 2024 [46]. - Total non-current assets as of September 30, 2024 were valued at $228,684,000, a slight decrease from $234,775,000 as of 31 March 2024 [113]. - The Group's trade creditors and bills payable totaled $45,526,000 as of September 30, 2024, compared to $35,703,000 as of March 31, 2024 [125]. Dividends and Shareholder Returns - The company approved dividends of HKD (4,135,000) for the previous year, which reflects its commitment to returning value to shareholders despite current losses [2]. - The Board has resolved not to declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year [192]. - No interim dividend was declared for the period, consistent with the previous year where no dividend was paid [116]. Investment and Capital Expenditures - The company’s investment in property, plant, and equipment showed a cash outflow of HKD 13,000, indicating ongoing capital expenditures [7]. - The Group acquired property, plant, and equipment at a cost of $13,000,000, compared to $8,000,000 in the same period last year [75]. - The Group's depreciation for owned property, plant, and equipment was $291,000 for the six months ended September 30, 2024, compared to $108,000 in 2023 [115]. Market Conditions and Future Outlook - The company noted that the major part of the loss was due to the devaluation of investment properties in Hong Kong and losses from its investment in Wuxi No. 1 Cotton Investment Co., Ltd. [179]. - The Group does not foresee an improvement in the current business situation for the remainder of the year [195]. - The Group's investment in Wuxi No. 1 Cotton Investment Co., Ltd. remains weak, contributing to the overall loss [195]. - The Group's factory in China Panyu received fewer orders from U.S. customers due to the current political situation, impacting revenue from the core garment business [195].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 75,301,000, a decrease of 23.3% compared to HKD 98,153,000 for the same period in 2023[1]. - The net loss for the period was HKD 31,773,000, compared to a net loss of HKD 18,367,000 in the same period last year, representing a 72.6% increase in losses[1][3]. - Basic and diluted loss per share was HKD 0.15, compared to HKD 0.09 for the same period in 2023[1]. - Total comprehensive loss for the period was HKD 14,145,000, a significant improvement from a total comprehensive loss of HKD 57,129,000 in the previous year[7][8]. - Revenue from garment manufacturing and sales decreased to HKD 73,088,000 for the six months ended September 30, 2024, down from HKD 94,865,000 in 2023, representing a decline of approximately 22.9%[18]. - Total revenue from textile manufacturing and sales was HKD 21,000 for the six months ended September 30, 2024, compared to HKD 117,000 in 2023, indicating a significant drop of about 82.1%[18]. - The total rental income from investment properties was HKD 1,836,000 for the six months ended September 30, 2024, down from HKD 2,770,000 in 2023, reflecting a decrease of approximately 33.8%[18]. - The total reported segment loss before interest, tax, depreciation, and amortization was HKD (26,170,000) for the six months ended September 30, 2024, compared to HKD (20,132,000) in 2023, indicating a worsening of approximately 30.1%[25]. - The company reported a loss attributable to equity holders of HKD 31,773,000 for the six months ended September 30, 2024, compared to a loss of HKD 18,367,000 for the same period in 2023, representing a 73% increase in losses[49]. - Revenue decreased by 23% to HKD 75,301,000 for the six months ended September 30, 2024, down from HKD 98,153,000 in the previous year[48]. - Gross profit fell by 33% to HKD 13,511,000, with a gross margin of 18%, down from 20% in the prior year[48]. - Operating loss increased by 191% to HKD 7,751,000, with an operating margin of -10% compared to -3% in the previous year[48]. - EBITDA loss was HKD 36,708,000, worsening from a loss of HKD 21,081,000 in the same period last year, resulting in an EBITDA margin of -49%[48]. Assets and Liabilities - Non-current assets decreased from HKD 1,045,571,000 as of March 31, 2024, to HKD 1,027,331,000 as of September 30, 2024[10]. - Current assets increased from HKD 357,862,000 to HKD 383,212,000, driven by an increase in inventory from HKD 8,030,000 to HKD 19,193,000[10]. - Current liabilities rose from HKD 48,888,000 to HKD 64,637,000, primarily due to an increase in accounts payable and other payables[10]. - The company's total equity decreased from HKD 1,023,188,000 to HKD 1,004,908,000[10]. - The total specific non-current assets decreased to HKD 690,384,000 as of September 30, 2024, from HKD 718,444,000 as of March 31, 2024, indicating a decline of approximately 3.9%[27]. - Accounts receivable decreased to HKD 32,238,000 as of September 30, 2024, down from HKD 38,506,000 at the end of the previous reporting period[42]. Market Performance - Revenue from external customers in Hong Kong decreased to HKD 2,977,000 for the six months ended September 30, 2024, down from HKD 5,890,000 in 2023, a decline of approximately 49.6%[27]. - Revenue from the United States market was HKD 5,595,000 for the six months ended September 30, 2024, compared to HKD 9,759,000 in 2023, representing a decrease of about 42.3%[27]. Corporate Governance and Compliance - The company continues to adopt the same accounting policies as in the previous financial year, with no significant changes expected in the upcoming annual financial statements[12]. - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[47]. - The company has adhered to the corporate governance code as per the listing rules during the period ending September 30, 2024[57]. - The board confirmed compliance with the securities trading code for directors throughout the review period[58]. - The audit committee, consisting of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group for the period ending September 30, 2024[56]. Future Outlook - The company anticipates that the current challenging conditions will not improve in the remaining part of the fiscal year[49]. Employee Information - The group employed approximately 247 employees as of September 30, 2024, with compensation packages based on performance and market salary levels[54]. Other Information - The company did not purchase, sell, or redeem any of its listed securities during the period ending September 30, 2024[55]. - The interim report for the six months ending September 30, 2024, will be sent to shareholders and published on the company's website[59]. - The company recorded a net valuation loss of HKD 8,957,000 related to investment properties, contrasting with a net valuation gain of HKD 222,000 in the prior year[41]. - The company purchased other properties, plant, and equipment at a cost of HKD 13,000,000, compared to HKD 8,000,000 in the previous year[39]. - As of September 30, 2024, the group's cash and cash equivalents and bank deposits amounted to approximately HKD 303,425,000, a slight decrease from HKD 304,504,000 as of March 31, 2024[50]. - The fair value net amount of forward foreign exchange contracts used for hedging expected transactions was HKD 493,000 (liability) as of September 30, 2024, compared to HKD 223,000 (asset) as of March 31, 2024[52].

Financial Performance - The Group's revenue for the year 2023/24 was HK$234,302,000, a decrease of 36% from HK$365,761,000 in 2022/23[7][16][18]. - The overall loss for the Group was HK$48,172,000, compared to a loss of HK$23,249,000 in the previous year, representing a 107% increase in losses[7][19]. - Operating profit decreased by 97% to HK$653,000 from HK$18,738,000 in the prior year, primarily due to reduced sales orders and losses from the Bangladesh factory[16][18]. - Gross profit fell by 38% to HK$44,453,000, with a gross profit margin of 19%, down from 20%[16]. - The core garment business experienced a 36% decline in sales, totaling HK$234,302,000 for the fiscal year 2022/23, down from HK$365,761,000 in the previous year[23]. - The group recorded an overall loss of HK$48,172,000 for the fiscal year 2022/23, compared to a loss of HK$23,249,000 in the previous year[23]. Cash Flow and Assets - The cash and bank balances were HK$304,504,000, a slight decrease of 1% from HK$306,173,000[16]. - Total assets decreased by 8% to HK$1,094,459,000, while total liabilities decreased by 16% to HK$71,271,000[16]. - The return on total assets was -4.4%, a decline of 2.5 percentage points from -1.9%[16]. - The current ratio improved by 9% to 7.3 times, up from 6.7 times[16]. - The group did not have any short-term or long-term borrowings as of March 31, 2024, and 2023[27]. - As of March 31, 2024, the group's cash and cash equivalents and bank deposits amounted to approximately HK$304,504,000, slightly down from HK$306,173,000 in 2023[27]. Market Conditions and Challenges - The garment manufacturing business is expected to face further challenges due to unstable global political and economic conditions[9][13]. - The factory in China, operating under Exquisite Knitters (Guangzhou) Limited, faced unfavorable results due to a drop in garment orders and labor dismissal compensation, leading to a pessimistic outlook for the coming year[22]. - The management is pessimistic about the results for the next financial year due to ongoing adverse factors affecting profitability, including weak market conditions and rising costs[26]. Corporate Governance - The company has complied with the Corporate Governance Code throughout the financial year ended March 31, 2024[142]. - The board of directors consists of six executive directors and three independent non-executive directors as of March 31, 2024[144]. - The Company has established mechanisms to ensure independent views and inputs are available to the board[145]. - The Company complies with the corporate governance code provisions, ensuring a balanced distribution of power and authority within the Board[156]. - The Audit Committee reviewed and discussed the interim and annual results to ensure the Group's financial statements were prepared in accordance with accounting principles generally accepted in Hong Kong[169]. Employee and Diversity Policies - As of March 31, 2024, the Group had a total workforce of 277 employees, with 28% (77) being male and 72% (200) being female[186]. - The Board comprises nine Directors, including two females and three independent non-executive directors, promoting critical review and control of the management process[184]. - The Company aims to have at least two directors of opposite gender and will increase the ratio of female members over time when selecting candidates for Board appointments[183]. - The Nomination Committee conducted an annual review of the implementation and effectiveness of the Board Diversity Policy and is satisfied with its proper implementation[185]. - The Company recognizes the benefits of a diverse workforce and will continue to enhance diversity subject to the availability of suitable candidates[187]. Social Responsibility - The group is committed to upholding high environmental standards and did not identify any material non-compliance related to product safety or environmental performance[37][38]. - The group actively supports charitable organizations and encourages staff participation in various charitable activities, demonstrating its corporate social responsibility[40]. - Charitable donations made by the Group during the year increased to HK$12,000 from HK$10,000 in 2023[86]. Shareholder Information - The final dividend recommended by the Board is HK2 cents per ordinary share, totaling HK$4,135,000, consistent with the previous year[84]. - The reserves available for distribution to equity shareholders as of March 31, 2024, amount to HK$248,502,000, a decrease from HK$261,208,000 in 2023[85]. - The largest customer accounted for 15% of the Group's total sales, while the five largest customers collectively represented 51% of total sales, up from 43% in 2023[95]. - The largest supplier accounted for 17% of total purchases, with the five largest suppliers together making up 40% of total purchases, an increase from 37% in 2023[95].

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佈之內容概不負責，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佈全部或任何部分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。 長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED ( 於 香 港 註 冊 成 立 之 有 限 公 司 ) (股份代號：00294) 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 佈 長江製衣有限公司(｢本公司｣)之董事會宣佈本公司及其附屬公司(統稱｢本集團｣)及本集團的合營企業截至二零二四年 三月三十一日止年度之綜合業績連同相應期間的比較數字及所選取的解釋資料如下： 綜合損益表 截至二零二四年三月三十一日止年度 ( 以港元計 ) | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千元 | 千元 | | 收入 | 及 3 4 | 234,302 | 365,761 | | 銷售成本 | | (189,849) | (294,064) | | 毛利 | | 44,45 ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HK$98,153,000, a decrease of 50.7% compared to HK$199,522,000 in the same period of 2022[11]. - Gross profit for the period was HK$20,033,000, down 49.6% from HK$39,621,000 year-on-year[11]. - The company reported a loss from operations of HK$2,663,000, compared to a profit of HK$8,104,000 in the previous year[11]. - Net loss for the period was HK$18,367,000, compared to a profit of HK$7,821,000 in the same period last year[11]. - Basic and diluted loss per share was HK$0.09, compared to earnings of HK$0.04 per share in the prior year[11]. - Total comprehensive loss for the period was HK$57,129,000, compared to a total comprehensive loss of HK$66,194,000 in the previous year[15]. - The reportable segment (loss)/profit (adjusted EBITDA) for the six months ended 30 September 2023 was a loss of $20,132,000, compared to a profit of $11,218,000 in the same period of 2022[67]. - The consolidated (loss)/profit before taxation for the six months ended 30 September 2023 was a loss of $17,667,000, compared to a profit of $9,522,000 in the same period of 2022[67]. - The company recorded a loss attributable to equity shareholders of HK$18,367,000, a significant decline from a profit of HK$7,821,000 in the previous year, representing a 335% decrease[150]. - The operating margin fell to -3% from 4% year-on-year, indicating a substantial deterioration in operational performance[150]. Revenue Breakdown - For the six months ended September 30, 2023, the revenue from the manufacture and sale of garments was HK$94,865,000, a decrease of 50% compared to HK$190,161,000 in the same period of 2022[56]. - Revenue from the manufacture and sale of textiles dropped to HK$117,000 from HK$4,952,000, indicating a significant decline[56]. - Processing service income decreased to HK$401,000 from HK$1,406,000, reflecting a reduction of approximately 71%[56]. - Total revenue for the period was HK$98,153,000, down from HK$199,522,000, representing a decline of about 51%[56]. - Revenue from external customers for the six months ended 30 September 2023 was $98,153,000, a decrease of 50.7% compared to $199,522,000 in the same period of 2022[60]. - Revenue from external customers in Europe decreased significantly, with the United Kingdom revenue dropping from $43,351,000 in 2022 to $23,350,000 in 2023[71]. Cash Flow and Assets - Cash and cash equivalents decreased to $74,842,000 at the end of the period, down from $178,074,000 at the beginning of the period, representing a decline of 58.0%[28]. - Operating activities generated a net cash outflow of $13,369,000 for the six months ended September 30, 2023, compared to a cash inflow of $39,266,000 in the prior year[28]. - As of September 30, 2023, total assets less current liabilities amounted to $1,073,834,000, a decrease of 5.6% from $1,137,540,000 as of March 31, 2023[19]. - The total equity decreased to $1,046,921,000 as of September 30, 2023, down from $1,108,185,000 as of March 31, 2023, indicating a decline of 5.5%[19]. - The company’s inventories increased significantly to $25,438,000 as of September 30, 2023, up from $16,318,000 as of March 31, 2023, reflecting a rise of 55.0%[19]. - Current liabilities rose to $78,518,000, an increase of 40.4% from $55,881,000 as of March 31, 2023[19]. - The total specified non-current assets as of 30 September 2023 were valued at $504,381,000, down from $552,569,000 as of 31 March 2023[71]. Expenses and Costs - Selling and distribution expenses decreased to HK$11,584,000 from HK$12,447,000, a reduction of 6.9%[11]. - Administrative expenses were reduced to HK$15,449,000 from HK$16,728,000, a decrease of 7.7%[11]. - The finance costs for the six months ended 30 September 2023 were $278,000, down from $1,069,000 in the same period of 2022[67]. - The total finance costs decreased to $278,000 in 2023 from $1,069,000 in 2022, primarily due to a reduction in interest on bank advances[76]. - The provision for deferred tax relating to the origination and reversal of temporary differences was $700,000 for the six months ended 30 September 2023, compared to $1,249,000 in 2022[76]. Investments and Valuation - The company experienced a net valuation gain on investment properties of HK$222,000, down from HK$1,733,000 in the previous year[11]. - The company recognized a net valuation gain of $222,000 on investment properties for the six months ended 30 September 2023, down from $1,733,000 in the previous year[94]. - The company’s investment in Wuxi recorded losses, with low gross margins due to increased production costs and high material prices impacting profitability[156]. Corporate Governance and Compliance - The interim financial report was authorized for issue on 29 November 2023, covering the six months ended 30 September 2023[31]. - The report is prepared in accordance with HKAS 34 and reflects the same accounting policies as the annual financial statements for the year ended 31 March 2023[32]. - The report is unaudited but has been reviewed by the Company's Audit Committee[35]. - The auditor's report for the year ended 31 March 2023 was unqualified and did not contain any statements under sections 406 or 407 of the Companies Ordinance[41]. - The company has complied with the Code on Corporate Governance Practices throughout the period ended September 30, 2023, except for the non-executive directors not being appointed for a specific term[197]. - All directors confirmed compliance with the required standards set out in the Model Code for Securities Transactions throughout the review period[198]. - The audit committee has reviewed the accounting principles and practices adopted by the group and the unaudited interim financial statements for the period ended September 30, 2023[196]. Employee and Shareholder Information - The company employed approximately 302 employees as of 30 September 2023, with remuneration packages linked to performance and market salary levels[162]. - The total number of shares available for issue under the share option scheme as of September 30, 2023, was 20,674,768 shares, representing 10% of the issued share capital[179]. - No share options were granted, exercised, or cancelled during the period, and no share options were outstanding as of September 30, 2023[180]. - Guangzhou Textiles Industry & Trade Holdings Ltd. holds 17,806,000 ordinary shares, accounting for 8.61% of the issued ordinary shares[188]. - The company did not purchase, sell, or redeem any of its listed securities during the period ended September 30, 2023[191].

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佈之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不會就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之任何 損失承擔任何責任。 長江製衣有限公司 YANGTZEKIANG GARMENT LIMITED (於香港註冊成立之有限公司) (股票代號：00294) 截至二 零二三年九月三 十日止六個月 之中期 業績公佈 長江製衣有限公司(｢本公司｣)之董事會宣佈本公司及其附屬公司(統稱｢本集團｣)及本集團的合營企業截至二零二三年 九月三十日止六個月之未經審核中期業績。中期業績尚未經審核，但已由本公司之審核委員會審閱。 綜合損益表 截至二零二三年九月三十日止六個月 – 未經審核 (以港元計) 截至九月三十日止六個月 二零二三年 二零二二年 附註 千元 千元 收入 3 & 4 98,153 199,522 銷售成本 (78,120) (159,901) 毛利 20,033 39,621 其他收益 8,433 2,841 銷售及分銷費用 (11,584) (12,447) 行政費用 (15,449) (16,728) 其他經營費用 5(c) ...

Financial Performance - The Group's revenue for the year ended 31 March 2023 was HK$365,761,000, a decrease of 6% compared to HK$390,446,000 in the previous year[8]. - The operating profit improved to HK$18,738,000 from a loss of HK$13,064,000 in the previous year, indicating a significant operational turnaround[9]. - The overall loss for the year was HK$23,249,000, a decline from a profit of HK$30,274,000 in the previous year, primarily due to losses from the Wuxi investment[10]. - Gross profit increased by 18% to HK$71,697,000, with a gross profit margin of 20%, up from 16%[19]. - The net profit margin was -6%, a decline of 14 percentage points from the previous year[19]. - Earnings before interest, taxes, depreciation, and amortization (EBITDA) showed a loss of HK$15,368,000, down from a profit of HK$39,703,000[19]. Liquidity and Financial Health - The current ratio improved by 56% to 6.7 times, indicating better short-term financial health[19]. - Cash and bank balances increased by 30% to HK$306,173,000, reflecting improved liquidity[19]. - The Group has no short-term or long-term borrowings as of March 31, 2023[31]. - The Group's cash and cash equivalents and bank deposits as of March 31, 2023, were approximately HK$306,173,000, up from HK$235,472,000 in 2022[31]. Investment and Market Outlook - The management expects the losses from the Wuxi investment to be significantly reduced in the coming year, which should improve overall results[11]. - The management expects a decrease in business orders in the coming year as manufacturing shifts from China to other Asian countries[24]. - The Wuxi Group, in which the Group holds a 49% stake, reported substantial losses due to lower yarn prices and increased material costs[29]. - The management anticipates that domestic demand will gradually recover while the export market remains weak[29]. Corporate Governance and Board Structure - The Board comprises six executive directors and three independent non-executive directors as of March 31, 2023[143]. - The Company has complied with the Corporate Governance Code throughout the financial year ended March 31, 2023[141]. - The Board is committed to transparency, accountability, and independence to protect shareholder interests[140]. - The Audit Committee comprises three independent non-executive directors and is responsible for monitoring the integrity of the Company's financial statements and internal control systems[160]. - The Company has established a mechanism to ensure independent viewpoints from directors are communicated to the Board[145]. Shareholder Information and Dividends - The Company maintained a dividend per share of HK$0.02, unchanged from the previous year[19]. - The Board recommended a final dividend of HK2 cents per ordinary share for the year ended March 31, 2023, totaling HK$4,135,000, consistent with the previous year[87]. - As of March 31, 2023, the reserves available for distribution to equity shareholders amounted to HK$261,208,000, down from HK$286,812,000 in 2022[88]. - The Board will consider various factors before declaring or recommending dividends, maintaining discretion in the decision-making process[197]. Employee and Social Responsibility - The Group employs approximately 369 employees as of March 31, 2023, with remuneration packages based on performance and market salary levels[66]. - The Group encourages employee participation in charitable activities to demonstrate corporate social responsibility[47]. - Charitable donations made by the Group during the year amounted to HK$10,000, a decrease from HK$11,000 in 2022[89]. Risk Management - The Group has implemented adequate risk mitigation measures to address changes in global economic and macro-economic conditions, particularly in light of the COVID-19 outbreak[53]. - The Risk Management Committee oversees the design, implementation, and monitoring of risk management and internal control systems for the Group[191]. Diversity and Inclusion - The Company has adopted a Board Diversity Policy aiming for at least two female directors, with a focus on increasing the proportion of female members over time[179]. - The Company recognizes the benefits of a diverse workforce and will continue to enhance diversity subject to the availability of suitable candidates[184]. - The Nomination Committee conducted an annual review of the Board Diversity Policy and confirmed its effective implementation during the year ended March 31, 2023[182].

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佈之內容概不負責，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佈全部或任何部分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。 長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED (於香港註冊成立之有限公司) (股份代號：00294) 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 佈 長江製衣有限公司(｢本公司｣)之董事會宣佈本公司及其附屬公司(統稱｢本集團｣)及本集團的合營企業截至二零二三年 三月三十一日止年度之綜合業績連同相應期間的比較數字及所選取的解釋資料如下： 綜合損益表 截至二零二三年三月三十一日止年度 (以港元計) 二零二三年 二零二二年 附註 千元 千元 收入 3及4 365,761 390,446 銷售成本 (294,064) (329,819) 毛利 71,697 60,627 其他收益淨額 5 12,486 9,119 銷售及分銷費用 (23,368) (28,201) 行政費用 (31,412) (40,473) 其他經營費用 6( ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$199,522,000, an increase of 23.3% from HK$161,671,000 in the same period of 2021[10]. - Gross profit for the period was HK$39,621,000, compared to HK$25,441,000 in the previous year, reflecting a gross margin improvement[10]. - Profit for the period was HK$7,821,000, a decrease of 3.5% from HK$8,103,000 in the prior year[10]. - Basic and diluted earnings per share remained stable at HK$0.04, unchanged from the previous year[10]. - Total comprehensive income for the period was a loss of HK$66,194,000, compared to a gain of HK$18,974,000 in the same period last year[15]. - The company reported a profit for the period of HK$7,821,000 for the six months ended September 30, 2022, down from HK$8,494,000 in the previous year, reflecting a decrease of approximately 7.9%[25]. - The company reported a total comprehensive income of HK$7,821,000 for the period, compared to HK$19,369,000 in the previous year, indicating a significant decrease of approximately 59.6%[25]. - The consolidated profit before taxation for the six months ended September 30, 2022, was HKD 9,522,000, compared to HKD 8,450,000 in the same period of 2021, showing an increase of about 12.7%[64]. - Profit before taxation for the same period was $5,183,000, down from $6,891,000 in 2021, indicating a decrease of 24.8%[75]. - Profit attributable to equity shareholders decreased by 8% to HK$7,821,000 compared to HK$8,494,000 last year[162]. Revenue Breakdown - Revenue from the manufacture and sale of garments was HK$190,161,000, up from HK$144,981,000, reflecting a growth of 31.0% year-on-year[51]. - For the six months ended September 30, 2022, the revenue from external customers for the manufacturing and sale of garments and textiles was HKD 196,519,000, an increase from HKD 158,648,000 in the same period of 2021, representing a growth of approximately 24%[59]. - Revenue for the six months ended September 30, 2022, was HK$199,522,000, representing a 23% increase from HK$161,671,000 in the same period last year[161]. - The Group's total revenue from external customers for property leasing was HKD 3,003,000, slightly down from HKD 3,023,000 in the previous year[59]. Expenses and Costs - Selling and distribution expenses increased to HK$12,447,000 from HK$14,903,000, indicating a reduction in costs[10]. - Administrative expenses decreased to HK$16,728,000 from HK$23,775,000, showing improved operational efficiency[10]. - Management reduced selling and distribution costs as well as administrative costs by 25%[163]. - The company’s finance costs increased to $1,069,000 from $1,246,000 in the previous year, reflecting a decrease of 14.2%[75]. Assets and Liabilities - As of September 30, 2022, total assets amounted to HK$1,130,985,000, a decrease from HK$1,203,851,000 as of March 31, 2022, representing a decline of approximately 6.04%[21]. - Net current assets were reported at HK$300,851,000, slightly down from HK$305,396,000, indicating a decrease of about 1.77%[21]. - Total equity attributable to equity shareholders decreased to HK$1,099,665,000 from HK$1,169,994,000, a decline of approximately 5.97%[21]. - The company’s current liabilities increased to HK$116,672,000 from HK$93,467,000, representing an increase of about 25%[21]. - The total liabilities, including trade creditors, accrued charges, dividends payable, and amounts due to related companies, amounted to $87,433,000 as of September 30, 2022, up from $54,015,000 as of March 31, 2022, marking a 61.8% increase[107]. Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2022, was HK$39,266,000, compared to a net cash used of HK$393,000 in the same period of 2021[30]. - Cash and cash equivalents at the end of the period were HK$270,366,000, an increase from HK$261,029,000 at the end of the same period in 2021, marking an increase of about 3.9%[30]. - As of September 30, 2022, cash and bank balances were approximately HK$270,366,000, an increase from HK$235,472,000 as of March 31, 2022[172]. - The group did not have any short-term or long-term borrowings as of September 30, 2022[172]. Market and Strategic Focus - The company continues to focus on market expansion and new product development strategies to enhance future growth prospects[10]. - The company anticipates challenges in the second half of the financial year due to global inflation, high interest rates, and geopolitical tensions[163]. Shareholder Information - No interim dividend was declared for the current period, while a final dividend of $0.02 per ordinary share was approved, totaling $4,135,000 for the year ended March 31, 2022[89][91]. - The Board resolved not to declare an interim dividend for the six months ended September 30, 2022, compared to no dividend declared in the same period of 2021[159]. - As of September 30, 2022, Chan Family Investment Corporation Ltd. held a total of 48,032,240 shares, representing a significant portion of the company's equity[178]. - Guangzhou Textiles Industry & Trade Holdings Ltd. is the beneficial owner of 17,806,000 ordinary shares, accounting for 8.61% of the issued shares[199]. Accounting and Compliance - The interim financial report is unaudited but has been reviewed by the Company's Audit Committee, ensuring a level of oversight[39]. - The Group has not applied any new accounting standards that are not yet effective for the current accounting period, maintaining consistency in financial reporting[45]. - The financial statements for the year ended 31 March 2022 were unqualified, indicating no significant issues raised by the auditor[45]. - The interim financial report was authorized for issue on 29 November 2022, reflecting timely compliance with regulatory requirements[35].