Financial Performance - Revenue for the six months ended June 30, 2024, was $304,522 thousand, a decrease of 10.5% compared to $340,222 thousand for the same period in 2023[1] - Operating loss for the period was $(2,602) thousand, compared to an operating profit of $6,060 thousand in the prior year, indicating a significant decline[2] - Loss attributable to owners of the company was $(9,728) thousand, a stark contrast to a profit of $284 thousand in the same period last year[2] - Basic and diluted loss per share was $(0.94), compared to earnings of $0.03 per share in the previous year[2] - The company reported a total comprehensive loss of $(9,343) thousand for the period, compared to $(2,009) thousand in the previous year[3] - The group incurred a total loss of $4.36 million for the six months ended June 30, 2024, compared to a profit of $3.34 million for the same period in 2023[11] - The gross profit for the same period fell from approximately $47.16 million to about $38.62 million, a decrease of around $8.53 million[29] - The company reported a net loss attributable to equity holders of approximately $9.73 million for the six months ended June 30, 2024, compared to a net profit of about $284,000 for the same period in 2023[30] Revenue Breakdown - The revenue from garment sales was $183.36 million for the six months ended June 30, 2024, down from $216.80 million in the same period of 2023, reflecting a decrease of about 15.4%[11] - The revenue from apparel accessories was $121.16 million for the six months ended June 30, 2024, slightly down from $123.42 million in the same period of 2023, indicating a decrease of approximately 1.8%[11] - The group recognized rental income of $0.24 million for the six months ended June 30, 2024, compared to $0.52 million in the same period of 2023, a decline of about 53.8%[11] - The apparel segment generated revenue of approximately $183.36 million, a decrease of about 15.4% or $33.44 million compared to the previous year[31] - The accessories segment's revenue was approximately $121.16 million, down about $2.26 million or 1.8% year-over-year[32] Assets and Liabilities - Total assets as of June 30, 2024, amounted to $512,367 thousand, an increase from $474,997 thousand as of December 31, 2023[4] - Current assets increased to $331,696 thousand from $286,572 thousand, driven by a rise in inventory and trade receivables[4] - Total liabilities rose to $330,024 thousand from $283,311 thousand, primarily due to an increase in trade payables and borrowings[5] - Non-current assets decreased to $180,671 thousand from $188,425 thousand, reflecting a decline in property, plant, and equipment[4] - Trade receivables increased to $89,295,000 as of June 30, 2024, from $83,812,000 as of December 31, 2023[24] - The net trade receivables amounted to $84,709,000 as of June 30, 2024, compared to $79,267,000 as of December 31, 2023[24] - Total trade payables increased to $66,421,000 as of June 30, 2024, from $44,485,000 as of December 31, 2023[26] Tax and Financial Provisions - The income tax expense for the six months ended June 30, 2024, was $1.15 million, up from $0.49 million in the same period of 2023, representing an increase of approximately 134.5%[16] - The company has provided a tax provision of approximately $811,000 for the tax years 2000/01 to 2021/22 as of June 30, 2024[17] - The maximum withholding tax exposure related to a sale of subsidiaries is estimated at approximately RMB 10,005,000 (equivalent to $1,533,000)[18] - The company has assessed that the provisions made as of June 30, 2024, are adequate but not excessive[17] - The company expects no impact on its annual effective tax rate for 2024 from the implementation of Pillar Two legislation in Vietnam[19] Economic and Market Conditions - For the six months ended June 30, 2024, the company's revenue decreased by approximately 10.5% to about $304.52 million, primarily due to reduced customer orders and supply chain disruptions[29] - Geopolitical uncertainties, including the ongoing Russia-Ukraine conflict and trade tensions between China and the U.S., are expected to continue affecting the global economy[36] - The group continues to assess the impact of the global economic situation on its financial performance and business operations, implementing appropriate financial management measures to mitigate risks and seize future opportunities[37] Corporate Governance and Reporting - The company has not adopted any new accounting standards that would significantly impact future transactions[8] - The group plans to adopt new accounting standards and interpretations, which are not expected to have a significant impact on the group's financial performance in the foreseeable future[9] - The company has not adopted any new standards that would take effect after January 1, 2025, indicating a cautious approach to regulatory changes[9] - The company has adhered to corporate governance practices as outlined in the Hong Kong Stock Exchange Listing Rules during the reporting period[46] - All directors confirmed compliance with the standards of conduct regarding securities trading during the six months ending June 30, 2024[48] - The interim report for the six months ending June 30, 2024, will be published on the Hong Kong Stock Exchange and the company's website[50] - The announcement reflects the company's ongoing compliance with regulatory requirements[50] - The company is focused on maintaining effective communication with stakeholders through its reporting[50] - Future performance expectations and strategic initiatives will be detailed in the forthcoming interim report[50]

Financial Performance - Revenue decreased by approximately $162.2 million or 18.9% to $696.6 million in 2023 from $858.9 million in 2022[15] - Gross profit was approximately $95.3 million, down by about $30.1 million, resulting in a gross margin of 13.7% compared to 14.6% in the previous year[13][15] - The company reported a net loss attributable to owners of approximately $6.0 million, with a basic loss per share of $0.6 cents[13][15] - The total assets decreased to $475.0 million from $519.1 million in the previous year[13] - The company's revenue for the fiscal year 2023 was approximately $697 million, resulting in a loss of about $6 million[35] - Gross profit decreased by $30,058,000 to $95,271,000, with a gross margin decline of 0.9 percentage points attributed to pricing pressure and decreased sales volume[53] - The net loss for the year was approximately $6,008,000, compared to a net profit of $9,911,000 for the previous year, reflecting the significant drop in revenue and gross profit[57] - The apparel segment's revenue decreased by approximately $65,055,000 to $455,064,000, a decline of 12.5%, mainly due to excess inventory from over-purchasing during the COVID-19 pandemic[59] - The accessories segment reported revenues of approximately $241,570,000 and a profit of $19,763,000, with stable gross margins despite global economic uncertainties[60] Strategic Initiatives - The company plans to enhance automation and innovation capabilities to maintain competitiveness and resilience in the industry[16] - The company is focusing on diversifying production bases in Southeast Asia to mitigate supply chain risks and enhance operational flexibility[17][18] - The strategy of "rooting in China, serving China" is increasingly favored by brand owners to meet local market demands[18] - The company aims to establish a win-win relationship with brand customers by providing high-quality products, believing that mutual growth is key to becoming a world-class enterprise[19] - Over the past decade, the company has focused on attracting existing brand customers, strengthening relationships that serve as valuable assets during challenging times[20] - The company is undergoing a strategic restructuring to enhance organizational efficiency and focus on core competencies, particularly in garment and accessory production[32] - The company plans to optimize its cost structure while minimizing negative impacts on employees, aiming to improve efficiency without compromising product quality[34] - The company is implementing a supply chain restructuring plan to mitigate geopolitical risks and enhance operational efficiency[39] Sustainability and Community Engagement - The company is committed to sustainable community development through participation in charitable activities and environmental initiatives[22] - The company is committed to reducing the use of natural resources and harmful chemicals while ensuring economic development through advanced technologies[47] - Sustainable development is viewed as an integral part of the business, aimed at creating long-term value for stakeholders[47] - The company has made significant progress in charitable initiatives, supporting children's development through partnerships with various organizations[46] - The company aims to achieve carbon neutrality by 2030, aligning with global sustainability trends[93] Market Outlook and Growth Projections - The global economic growth rate is projected to decline from 2.6% in 2023 to 2.4% in 2024, indicating a cautious outlook for the company[16] - The outlook for 2024 indicates that global trade growth is expected to be only half of the pre-COVID-19 average, with a forecasted global growth rate of 2.4%, down from 2.6% in the previous year[62] - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[92] - New product launches are expected to contribute an additional $200 million in revenue, with a focus on sustainable textiles[93] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[94] Corporate Governance - The company is committed to corporate governance as a key element in creating shareholder value, having established various committees to ensure effective communication and decision-making[23] - The company emphasizes the importance of employee support and training to maintain past achievements and future performance, ensuring a comfortable work environment[21] - The board of directors consists of five executive directors, one non-executive director, and three independent non-executive directors, with independent directors making up one-third of the board, complying with listing rules[170] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set forth in the listing rules[159] - The company is committed to maintaining high standards of corporate governance, adhering to the applicable code provisions[159] Risk Management - The company has adopted principles to minimize financial and capital risks, with detailed management of market, credit, and liquidity risks outlined in the financial statements[198] - The internal audit team identified areas for improvement in risk management and internal control systems based on an independent investigation in 2023[199] - The board is committed to managing and monitoring risks associated with business activities, including environmental and social risks[196] Employee and Director Information - The group employs approximately 31,300 employees globally and promotes open communication with staff through various channels[85] - The total remuneration for directors in 2023 was approximately $787,000, a decrease from $2,550,000 in 2022[186] - The company has strengthened its leadership team with the appointment of key executives, enhancing its strategic direction and operational capabilities[98] Financial Management - The company plans to continue implementing rigorous financial management measures to mitigate risks and prepare for future challenges[67] - Significant progress was made in reducing operational costs, with a focus on restoring profitability as the top priority for the upcoming year[35] - The group continues to implement strict cost control measures, including reducing production costs, distribution costs, and administrative expenses[70]

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of $696,634 thousand, a decrease of 18.9% from $858,861 thousand in 2022[2]. - Gross profit for 2023 was $95,271 thousand, down 23.9% from $125,329 thousand in the previous year[2]. - Operating profit decreased significantly to $6,332 thousand, compared to $19,066 thousand in 2022, reflecting a decline of 66.8%[2]. - The company reported a net loss attributable to owners of the company of $6,008 thousand, compared to a profit of $9,911 thousand in 2022[2]. - Basic and diluted loss per share for 2023 was $(0.6), a decline from earnings of $1.0 per share in the previous year[2]. - The company incurred a loss of $5,918,000 for the year 2023, compared to a profit of $9,130,000 in 2022, indicating a significant decline in profitability[30]. - The company reported a total comprehensive loss of $(7,715) thousand for the year, compared to a comprehensive income of $6,637 thousand in 2022[3]. - Total revenue for the year was $696,634,000, down 18.9% from $858,861,000 in the previous year[152]. - Operating profit decreased to $6,332,000, a decline of 66.8% from $19,066,000 in the prior year[152]. - The basic loss per share was $(0.6), compared to earnings of $1.0 per share in the previous year[152]. Assets and Liabilities - Total assets as of December 31, 2023, were $474,997 thousand, down from $519,084 thousand in 2022, representing a decrease of 8.5%[4]. - Non-current assets totaled $188,425 thousand, a decrease of 8.8% from $206,632 thousand in the previous year[4]. - Current assets decreased to $286,572 thousand from $312,452 thousand, reflecting an 8.3% decline[4]. - Non-current liabilities totaled $45,856,000, with current liabilities amounting to $312,268,000, leading to a total liabilities figure of $358,124,000[25]. - Total liabilities decreased to $283,311 thousand as of December 31, 2023, down from $316,663 thousand in the previous year, representing a reduction of approximately 10.5%[156]. - Non-current liabilities totaled $30,654 thousand, a decrease of 16.4% from $36,663 thousand in the previous year[156]. - Current liabilities amounted to $252,657 thousand, down from $280,000 thousand, reflecting a decline of about 9.8%[156]. Revenue Sources - Revenue from three major external customers accounted for over 10% of total revenue, with amounts of $133,647,000, $93,992,000, and $75,700,000 for 2023, compared to $186,608,000, $166,660,000, and $102,427,000 in 2022[22]. - The company has no significant revenue sources other than the sale of apparel and accessories, with some incidental income from waste sales following the same recognition policy[27]. - The company's total revenue sources for the fiscal year were approximately 65.3% from the apparel business and 34.7% from accessories[79]. - Revenue from the US, Europe, and Asia accounted for 45.9%, 16.1%, and 20.4% of total revenue, respectively, for the fiscal year ending December 31, 2023[82]. - The apparel segment's revenue decreased by approximately $65.055 million to $455.064 million, representing a decline of 12.5%, primarily due to inventory overstocking during the COVID-19 pandemic and lower-than-expected consumer demand post-pandemic[51]. Financial Expenses and Taxation - The company experienced a significant increase in financial expenses, which rose to $(12,432) thousand from $(8,152) thousand in 2022[2]. - The average effective tax rate for entities operating in Vietnam was assessed at 24%, indicating that the company does not expect to incur any additional taxes due to its operations in Vietnam[40]. - The current income tax expense for 2023 was $4,066 thousand, compared to $1,826 thousand in 2022, indicating a significant increase[179]. - The deferred income tax expense for 2023 was $(1,407) thousand, compared to $(482) thousand in 2022, reflecting changes in tax liabilities[179]. Corporate Governance and Strategy - The company aims to enhance governance and strengthen partnerships as part of its corporate social responsibility strategy[106]. - The company is committed to corporate governance and has established an audit committee to oversee financial procedures and internal controls[138]. - The board of directors does not recommend the distribution of a final dividend for the year[44]. - The board of directors does not recommend a final dividend for the year ended December 31, 2023, compared to a final dividend of $0.268 per share for the year ended December 31, 2022[97]. Market Conditions and Future Outlook - The company plans to implement strict cost control measures, including reducing production, distribution, and administrative costs, to mitigate risks and ensure sustainable growth[56]. - The company is cautiously optimistic about the long-term prospects of its core business despite global economic challenges[55]. - The economic environment for 2023 remained complex, with the US economy outperforming many other major economies, while Europe faced stagnation due to high inflation and interest rates[76]. - Global economic growth is projected to slow down to 2.4% in 2024, down from 2.6% in the previous year, marking the third consecutive year of decline[102]. Cash and Bank Balances - The company reported a total cash and bank deposits of approximately $75,780,000 as of December 31, 2023, a decrease of about $18,172,000 compared to December 31, 2022[107]. - The cash and bank balances stood at $93,952 thousand, unchanged from the previous reporting period[167]. Inventory and Receivables - The company’s inventory increased to $83,328 thousand, up from $77,506 thousand, reflecting a rise of approximately 7.3%[167]. - The accounts receivable aging report shows that receivables aged 0 to 30 days were $34,715,000, down 13.7% from $40,170,000 last year[126]. - The company’s trade receivables decreased to $130,890 thousand from $140,989 thousand, a decline of about 7.2%[167].

智通财经APP讯，联泰控股(00311)发布公告，预期截至2023年12月31日止年度归属于公司所有者的亏损大约600万美元至800万美元，而截至2022年12月31日止年度则取得经重列的归属于公司所有者的利润约990万美元。 预期转盈为亏主要是由于：诚如公司所日期为2023年7月17日的公告所述，供应链于过去数年因COVID-19疫情而受到干扰。大部分品牌拥有者担忧供应链断裂，因此于疫情期间积极提高存货水平，导致后COVID-19时代的存货供过于求。有鉴于此，集团的收入由截至2022年12月31日止年度约8.59亿美元下跌约20.3%至截至2023年12月31日止年度约6.85亿美元。由于收入下跌，集团若干厂房的营运效益未达设计水平，故难免产生亏损。 由于利率仍然高企，故集团的财务费用由截至2022年12月31日止年度约900万美元上升约55.6%至截至2023年12月31日止年度约1400万美元。 集团的管理层将继续采取积极措施降低集团的经营风险、提升营运效益、减省成本并严加管理现金流量。集团亦将继续密切监察市况，按需要及时调整业务策略。 ...

Financial Performance - Total revenue for the six months ended June 30, 2023, was $340,222 thousand, a decrease of 26.4% compared to $462,813 thousand for the same period in 2022[9]. - Gross profit for the same period was $47,155 thousand, down 37.5% from $75,476 thousand in 2022[9]. - Operating profit decreased to $6,060 thousand, a decline of 52.1% from $12,603 thousand in the previous year[9]. - Net profit attributable to the owners of the company was $284 thousand, significantly lower than $6,969 thousand in the prior year, representing a decrease of 95.9%[9]. - The company reported a total comprehensive loss of $2,009 thousand for the period, compared to a total comprehensive income of $4,749 thousand in the previous year[10]. - Profit for the period was $22 thousand, significantly down from $6,560 thousand in the previous year, reflecting a decline of 99.7%[135]. - The group reported a profit of $3.336 million for the six-month period, with a loss of $7.160 million from garments and a profit of $10.496 million from accessories[61]. - The company reported a net profit share from joint ventures and associates of $251,000 for the six months ended June 30, 2023, compared to a loss of $1,706,000 for the same period in 2022, indicating a turnaround in performance[161]. Assets and Liabilities - Total assets as of June 30, 2023, were $521,209 thousand, slightly up from $519,084 thousand at the end of 2022[6]. - Total liabilities increased to $323,568 thousand from $316,663 thousand, marking a rise of 2.8%[6]. - Non-current assets totaled $197,901 thousand, down from $206,632 thousand, reflecting a decrease of 4.0%[4]. - The total liabilities were $316,663,000, with current liabilities totaling $280,000,000[32]. - The company’s total liabilities to related parties decreased significantly, with payables to joint ventures dropping from $678,000 to $5,000[195]. - The company maintained a contingent liability of approximately $21,112,000 related to potential import duties and other taxes as of June 30, 2023, unchanged from December 31, 2022[174]. Cash Flow and Liquidity - Cash and bank balances decreased to $75,832 thousand from $93,952 thousand, a decline of 19.3%[4]. - Cash used in operating activities for the six-month period was $10.749 million, compared to $19.284 million for the same period last year, indicating an improvement[64]. - The group’s cash and bank balances decreased to $75.832 million at the end of the period from $97.701 million at the beginning of the period[64]. - The company’s cash and cash equivalents as of June 30, 2023, were not explicitly stated but are critical for assessing liquidity and operational flexibility[150]. - The company has not experienced significant changes in liquidity risk management policies compared to the previous fiscal year ended December 31, 2022[51]. Earnings Per Share - Basic and diluted earnings per share for the period were $0.03, down from $0.67 in the previous year[8]. - The company reported a basic earnings per share of 0.03 cents for the six months ended June 30, 2023, compared to 0.67 cents for the same period in 2022[118]. Inventory and Receivables - The total inventory as of June 30, 2023, was $92,311 thousand, up 10.5% from $83,328 thousand at the end of 2022[150]. - The net receivables from trade accounts amounted to $85,671 thousand, an increase of 32.3% from $64,722 thousand as of December 31, 2022[150]. - The company’s trade payables as of June 30, 2023, were $66,349,000, an increase from $51,386,000 as of December 31, 2022, representing a rise of approximately 29.2%[167]. Financial Risks and Management - The company faced financial risks including market risk, credit risk, and liquidity risk[37]. - The independent committee concluded that unaccounted items were primarily due to high turnover rates among financial personnel[29]. - The company identified significant unaccounted inventory items related to a business unit in the Philippines, indicating prior period financial misstatements[95]. Tax Provisions and Claims - The company recognized a tax provision of approximately $811,000 (equivalent to HKD 6,323,000) for the tax years 2000/01 to 2021/22 as of June 30, 2023[108]. - The company has provided a tax provision of approximately RMB 10,005,000 (equivalent to $1,533,000) related to a pending tax review as of June 30, 2023[116]. - Current tax expenses for the first half of 2023 were $859,000, a decrease of 40.2% from $1,437,000 in the same period last year[179]. Strategic Initiatives - The company continues to focus on strategic human resource policies to support growth and social responsibility initiatives in the apparel and accessories manufacturing industry[187]. - The group’s main business activities include the manufacturing and trading of garments and accessories, with production facilities located in China, Cambodia, the Philippines, India, and Myanmar[68].

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的內容概不負責，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分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 LUEN THAI HOLDINGS LIMITED 聯 泰 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：311） 截至二零二三年六月三十日止六個月期間 中期業績公告 及 恢復買賣 本集團財務摘要 截至六月三十日止六個月期間 二零二三年 二零二二年 千美元 千美元 （未經審核） （未經審核） （經重列） 收入 340,222 462,813 經營利潤 6,060 12,603 歸屬於本公司所有者的利潤 284 6,969 ...

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的內容概不負責，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分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 LUEN THAI HOLDINGS LIMITED 聯 泰 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：311） 截至二零二三年六月三十日止六個月期間 中期業績公告 及 恢復買賣 本集團財務摘要 截至六月三十日止六個月期間 二零二三年 二零二二年 千美元 千美元 （未經審核） （未經審核） （經重列） 收入 340,222 462,813 經營利潤 6,060 12,603 歸屬於本公司所有者的利潤 284 6,969 ...

Employee Engagement and Welfare - The company has approximately 36,000 employees globally and continues to promote open communication with employees through various channels[2]. - The company emphasizes providing a safe and pleasant working environment, fair compensation, and development opportunities for employees[4]. - The company has a strong focus on employee care initiatives to recognize and reward contributions within a robust corporate culture[4]. - The company prioritizes employee needs, providing attractive compensation packages and ensuring a comfortable work environment[157]. - The company emphasizes employee well-being and diversity, attracting top talent from around 20 different countries[200]. Financial Performance - The company reported a mid-term dividend of $0.220 per share, totaling approximately $2,275,000, and proposed a final dividend of $0.268 per share, totaling approximately $2,771,000, pending shareholder approval[22]. - The company's distributable reserves as of December 31, 2022, amounted to $73,693,000[24]. - The company's revenue increased by approximately $63.2 million or 7.9% from $795.7 million in 2021 to $858.9 million in 2022[30]. - Net profit attributable to the company's owners increased by approximately 17.4% to $13.1 million in 2022, compared to $11.2 million in 2021[30]. - Basic earnings per share improved to 1.3 cents in 2022 from 1.1 cents in 2021[28]. Production and Supply Chain Management - The company has diversified its production footprint across Southeast Asia, including Cambodia, Myanmar, and the Philippines, to mitigate supply chain disruptions, especially during the COVID-19 pandemic[19]. - The company aims to reduce risks associated with procurement concentration by streamlining and integrating production capabilities in Southeast Asia[19]. - The company has established manufacturing centers in multiple Southeast Asian countries as part of its long-term strategy[29]. - The company is focused on reshaping its supply chain to support both domestic and international operations, with plans to establish an innovation center in the United States[181]. Corporate Governance and Compliance - The board of directors has confirmed compliance with the corporate governance code as per the listing rules for the year ending December 31, 2022[105]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set forth in the listing rules[106]. - Independent non-executive directors have reviewed the ongoing connected transactions and confirmed they are conducted on normal commercial terms[82]. - The company has mechanisms in place for directors to consult external independent professionals when necessary[121]. Sustainability and Innovation - The company is committed to sustainability, managing natural and social impacts, and integrating sustainability into business decisions[155]. - The introduction of sustainable and digital solutions, including the Luentech Textile Solutions and NTX™ technology, aims to improve supply chain sustainability and reduce environmental impact[173]. - The company has implemented advanced technologies to reduce water, energy, and harmful chemical usage, significantly decreasing its carbon footprint and waste[198]. - The company is committed to supporting the UN Global Compact principles, focusing on human rights, labor, environment, and anti-corruption[193]. Market and Customer Relations - The company achieved a revenue increase of 7.9% and a net profit growth of 17.4% in 2022 compared to the previous year[153]. - The company has established strong relationships with existing brand clients, which are considered valuable assets for future growth[144]. - The company plans to enhance customer relationships and attract new clients to diversify its customer base and expand revenue sources[166]. - The average customer return rate on the e-commerce platform is between 20% to 30%, significantly higher than the average return rate of 7% for newly launched products[190]. Challenges and Future Outlook - The company continues to face challenges from COVID-19 and global inflation affecting economic recovery[29]. - The group anticipates a decline in overall demand for its quality products due to potential inventory surplus among customers[72]. - The company has experienced a decline in bargaining power in its OEM business over the past few years, necessitating a shift towards a new manufacturing model to add value for customers and stakeholders[184]. - The company expresses confidence in its long-term development despite the challenging macroeconomic environment and inflation[72].

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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 LUEN THAI HOLDINGS LIMITED 聯 泰 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：311） 截至二零二二年十二月三十一日止年度 年終業績 本集團財務摘要 截至十二月三十一日止年度 二零二二年 二零二一年 千美元 千美元 收入 858,861 795,659 經營利潤 22,293 21,874 歸屬於本公司所有者的利潤 13,138 11,195 每股基本收益（美仙） 1.3 1.1 聯泰控股有限公司（「本公司」）董事局（「董事局」）欣然宣佈本公司及其附屬公司（統稱「本 集團」或「聯泰」）截至二零二二年十二月三十一日止年度的合併業績。 ...

Financial Performance - Total revenue for the six months ended June 30, 2022, was $462.81 million, an increase from $334.21 million in the same period of 2021, representing a growth of 38.4%[14] - Gross profit for the same period was $76.08 million, compared to $49.41 million in 2021, reflecting a gross margin improvement[14] - Operating profit increased to $13.23 million from $5.42 million year-on-year, indicating a significant operational efficiency gain[14] - Net profit for the period was $7.19 million, up from $0.95 million in the previous year, marking a substantial increase of 658.4%[14] - Total comprehensive income for the six months ended June 30, 2022, was $5,378,000, compared to $2,472,000 for the same period in 2021, representing a 117% increase[17] - Profit attributable to the owners of the company for the period was $7,598,000, up from $2,483,000 in the previous year, indicating a significant growth[18] - The group reported a total profit of $13.69 million for the six months ended June 30, 2022, compared to $5.91 million for the same period in 2021, marking an increase of approximately 131.5%[43] Assets and Liabilities - Total assets as of June 30, 2022, amounted to $636.54 million, compared to $561.99 million at the end of 2021, showing a growth of 13.2%[12] - Current assets increased to $426.08 million from $348.08 million, a rise of 22.4%[8] - Total liabilities rose to $431.10 million from $358.12 million, reflecting an increase of 20.3%[12] - The total equity attributable to the owners of the company as of June 30, 2022, was $203,890,000, an increase from $188,587,000 at the end of June 2021[18] - Trade payables increased to $111,054,000 as of June 30, 2022, compared to $81,134,000 as of December 31, 2021, representing a 37% increase[65] - Other payables totaled $201,496,000 as of June 30, 2022, up from $154,387,000 as of December 31, 2021, indicating a 30% rise[65] Cash Flow and Financing - The company reported a cash flow from operating activities of $(19,284,000) for the six months ended June 30, 2022, compared to $18,522,000 in the same period of 2021, reflecting a negative shift in cash flow[23] - The net cash generated from financing activities was $24,190,000, a significant improvement from $(7,592,000) in the previous year, indicating better financing conditions[23] - The company’s bank borrowings increased by approximately 18.6% to $177.62 million as of June 30, 2022, compared to $149.77 million at the end of 2021[109] Operational Efficiency and Cost Management - The company continues to focus on improving operational efficiencies and managing costs effectively to enhance profitability[14] - The operating profit for the six months ended June 30, 2022, was impacted by a provision for slow-moving inventory of $1,685,000, compared to a reversal of $(468,000) in the previous year[69] - The group’s operating expenses for the six months ended June 30, 2022, were $6.50 million, compared to $4.96 million for the same period in 2021, reflecting an increase of approximately 30.7%[43] Market and Product Development - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[14] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided documents[56] Dividend and Shareholder Information - The company declared a final dividend of $3,361,000 during the period, impacting the retained earnings[18] - Basic earnings per share for the six months ended June 30, 2022, was $0.73, up from $0.09 in the same period of 2021[81] - The interim dividend declared for the six months ended June 30, 2022, was $0.220 per share, compared to no dividend in the same period of 2021[86] - Major shareholder Shanghai Textile (Hong Kong) Limited holds 730,461,936 shares, representing approximately 70.64% of the company's equity[128] Risks and Challenges - The company anticipates challenges in the second half of 2022 due to potential decreases in sales and ongoing uncertainties in the market[112] - The International Monetary Fund has adjusted global growth forecasts for 2022 and 2023 to 3.2% and 2.9%, respectively, indicating a pessimistic outlook[111] - The company has implemented prudent policies to hedge against foreign exchange risks, with most operations denominated in USD, EUR, HKD, and other currencies[110] Corporate Governance - The company has established several committees, including an Audit Committee and a Remuneration Committee, to enhance corporate governance and shareholder value[134][135] - The Audit Committee reviewed the interim financial information for the six months ended June 30, 2022, ensuring compliance with accounting principles[136] - The company confirmed compliance with the corporate governance code as per the listing rules during the six-month period ending June 30, 2022[134]