2024 ANNUAL REPORT 年 報 2024 Annual Report 年報 Financial Highlights 財務概要 REVENUE 收入 2,373.3 2014 HK$ million 百萬港元 2024 6,044.9 10-year CAGR 十年複合年增長率 9.8% SALES PROPORTION BY GEOGRAPHICAL REGION 按地區銷售佔比 EMEA LACIS APAC USCA HK$ million 百萬港元 33.5% 34.7% 16.0% 15.8% 6,709.3 2023 36.5% 6,044.9 2024 31.2% 17.6% 14.7% Financial Highlights 財務概要 | | | | Year ended 31 December | | | --- | --- | --- | --- | --- | | | | | 截至十二月三十一日止年度 | | | | | 2024 | 2023 | | | (in HK$'000) | （千港元） | 二零二四年 | 二零二三年 | +/(-) | | Revenue | ...

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，概不對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。 PAX GLOBAL TECHNOLOGY LIMITED 百富環球科技有限公 司* （於百慕達註冊成立之有限公司） （股份代號：327） 二零二四年，全球經濟復甦持續低迷，在高利率與強美元的雙重衝擊下，眾多國際 客戶對支付終端佈署的步伐更為審慎。百富始終秉持長遠發展視野，積極應對變 局，以安卓智能支付終端及軟件即服務（「SaaS」）解決方案驅動支付科技創新，攜手 世界各地收單銀行、支付服務商及渠道合作夥伴探索更多協同合作，助力商戶提升 靈活性及數字化競爭力。 截至二零二四年十二月三十一日止年度之業績公佈 財務概要 | | | 截至十二月三十一日止年度 | +/(-) | | --- | --- | --- | --- | | | 二零二四年 | 二零二三年 | | | （千港元） 業績 | | | | | 收入 | 6,044,878 | 6,709,324 | -9.9% | | 毛利 | 2,85 ...

24 7 中期報告 PAX Global Technology Limited 百富環球科技有限公司 (Incorporated in Bermuda with limited liability) | --- | --- | --- | --- | --- | |------------------------------|--------|-------|-------|-------| | | | | | | | (於百慕達註冊成立的有限公司) | | | | | | Stock Code 股份代號 : 00327 | | | | | | | | | | | | | | B | | | | | (0) at | | | | | | | | | | 2024 Interim Report " For Idantification Purpose Only 僅 供 議 別 Content 目錄 | --- | --- | |-------|------------------------------------------------------------------------------------- ...

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因本公佈全部或任何 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。 PAX GLOBAL TECHNOLOGY LIMITED 百富環球科技有限公 司* （於百慕達註冊成立之有限公司） （股份代號：327） 截至二零二四年六月三十日止六個月之 中期業績公佈 | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------| | | ...

Financial Performance - Revenue for 2023 was HK$6,709,324, a decrease of 16.8% from HK$8,062,702 in 2022[5]. - Gross profit decreased by 9.4% to HK$2,994,001, resulting in a gross profit margin of 44.6%, up from 41.0% in 2022[5][7]. - Operating profit fell by 12.2% to HK$1,254,366, with an operating profit margin of 18.7% compared to 17.7% in the previous year[5][7]. - Profit for the year was HK$1,165,103, down 8.1% from HK$1,268,203 in 2022[5]. - Basic earnings per share decreased by 8.1% to HK$1.075, while the proposed final dividend per ordinary share increased by 21.1% to HK$0.23[6]. - Profit attributable to the owners of the Company was HK$1,155.2 million, representing a decrease of 8.7% from HK$1,264.7 million in 2022[43]. - The proposed final dividend for 2023 is HK$0.23 per ordinary share, an increase from HK$0.19 in 2022, totaling approximately HK$246,056,000[44]. - The annual profit for 2023 was HK$1,165.1 million, down 8.1% from HK$1,268.2 million in 2022, with profit attributable to owners at HK$1,155.2 million, a decline of 8.7%[47]. Asset and Liability Management - Total current assets decreased by 7.6% to HK$7,553,221, while total assets fell by 4.4% to HK$9,075,329[5]. - Net current assets increased by 7.1% to HK$6,064,406, and total equity rose by 8.4% to HK$7,486,174[5]. - Total liabilities decreased significantly by 38.5% to HK$1,589.2 million in 2023, down from HK$2,584.5 million in 2022[65]. - The current ratio improved to 5.1 from 3.3 in 2022, indicating better liquidity[7]. Research and Development - Research and development costs increased by 13.6% to HK$644,075, indicating a focus on innovation[5]. - The company is investing in new technology development, allocating $50 million towards R&D initiatives in the upcoming year[32]. - The Group plans to continue investing in technology development, focusing on Android smart terminals and SaaS platforms for long-term growth[58]. Market Expansion and Sales Growth - The company operates over 11,000,000 connected terminals, enhancing its market presence in the payment solutions sector[19]. - The company is exploring market expansion opportunities to increase its footprint in the payment solutions industry[20]. - PAX achieved record-high sales in Mexico, Chile, and Argentina, which have become significant growth drivers for the company[52]. - In the EMEA region, PAX experienced substantial sales growth in the UAE and Kuwait, nearly doubling sales, despite a slowdown in Saudi Arabia[54]. - The Asia Pacific region saw impressive sales growth in Japan, Indonesia, and the Philippines, with Japan's sales doubling due to an increase in inbound tourism[55]. - The Group's revenue from SaaS solutions, including MAXSTORE, reached over HK$100 million in 2023, with over 11 million devices connected to the platform[89]. Corporate Governance and Management - The board of directors includes experienced executives, with a new Chief Financial Officer appointed on March 14, 2024, to strengthen financial oversight[22]. - The company emphasizes employee engagement, retention, and training as part of its corporate culture[132]. - The Board consists of eight members, including four executive Directors and four independent non-executive Directors, ensuring a balanced composition for effective independent judgment[139]. - The Company has established formal and transparent procedures for the appointment and succession planning of Directors, enhancing governance practices[140]. - The Audit Committee consists of four independent non-executive Directors, including at least one member with appropriate professional qualifications or financial management expertise[169]. Risk Management - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against risk issues[199]. - The Audit Committee identifies significant risks, including ESG risks, and assesses their levels to determine acceptable risks for achieving strategic objectives[200]. - The Board acknowledges its overall responsibility for maintaining effective risk management and internal control systems to safeguard shareholder interests[198]. Future Outlook - Future outlook includes continued investment in new product development and technology enhancements to maintain competitive advantage[16]. - The company has provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[32]. - New product launches are expected to contribute an additional $200 million in revenue, with a focus on enhancing payment solutions[32].

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，概不對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。 截至二零二三年十二月三十一日止年度之業績公佈 PAX GLOBAL TECHNOLOGY LIMITED 百富環球科技有限公 司* （於百慕達註冊成立之有限公司） （股份代號：327） | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|------------ ...

Financial Performance - Revenue decreased by 14.7% to HK$3,568.6 million for the six months ended June 30, 2023, compared to HK$4,182.5 million for the same period in 2022[9] - Gross profit for the period was HK$1,570.9 million, representing a decrease of 6.0% from HK$1,671.3 million in the previous year[5] - Operating profit declined by 11.7% to HK$689.6 million, down from HK$781.1 million in the prior year[5] - Profit attributable to the owners of the Company was HK$650.6 million, a decrease of 7.0% from HK$699.8 million in 2022[5] - Profit for the period was HK$659.6 million, representing a decrease of 6.3% compared to HK$703.8 million for the six months ended June 30, 2022[20] - Basic earnings per share decreased by 6.7% to HK$0.603 from HK$0.646 in the previous year[6] - Total comprehensive income for the period was HK$582,511, an increase from HK$517,277 in 2022, driven by lower exchange losses[111] Revenue Breakdown - Revenue from E-payment Terminals products decreased by 15.8% to HK$3,444.4 million for the six months ended 30 June 2023 from HK$4,091.0 million for the same period in 2022[12] - Revenue from provision of services increased by 35.6% to HK$124.1 million for the six months ended 30 June 2023 from HK$91.5 million for the same period in 2022[13] - The USCA region recorded a revenue growth of 20.2% to HK$591.4 million, driven by increased demand for Android smart payment terminals[9] - Revenue from the LACIS region decreased by 18.0% to HK$1,371.1 million, while EMEA revenue fell by 19.1% to HK$1,155.9 million[9] Expenses and Costs - Research and development costs increased by 14.9% to HK$306.9 million, compared to HK$267.0 million in the previous year[5] - Selling expenses decreased by 7.1% to HK$354.4 million for the six months ended June 30, 2023 from HK$381.4 million for the same period in 2022[18] - Administrative expenses increased by 7.3% to HK$581.0 million for the six months ended June 30, 2023 from HK$541.3 million for the same period in 2022[19] Assets and Liabilities - Total current assets decreased by 7.2% to HK$7,585.3 million as of June 30, 2023, from HK$8,173.0 million at the end of 2022[5] - Total equity increased by 4.9% to HK$7,245.8 million compared to HK$6,905.9 million at the end of 2022[5] - Total assets decreased from HK$9,490,329,000 as of December 31, 2022, to HK$8,958,231,000 as of June 30, 2023, representing a decline of approximately 5.6%[113] - Current liabilities decreased significantly from HK$2,509,506,000 to HK$1,634,863,000, a reduction of approximately 34.8%[115] Cash Flow and Investments - For the six months ended June 30, 2023, net cash generated from operating activities was HK$111.7 million, a significant improvement from a net cash used of HK$34.6 million in the same period of 2022[52] - Cash and cash equivalents decreased from HK$3,160,238,000 to HK$2,876,585,000, a drop of approximately 9.0%[113] - The net cash used in investing activities was HK$108,202,000, down from HK$158,738,000 in the same period of 2022[125] Shareholder Information - The board declared an interim dividend of HK$0.21 per ordinary share for the six months ended June 30, 2023, compared to HK$0.17 per share for the same period in 2022[72] - A total of 1,432,000 share options were exercised during the six months ended June 30, 2023, with a weighted average closing price of HK$6.48 per share before exercise[75] - The total number of issued shares as of June 30, 2023, was 1,075,327,000 ordinary shares[84] Market and Economic Outlook - The global economic growth is projected to decline from 3.5% in 2022 to 3.0% in 2023, impacting customer deployment plans[29] - The electronic payment industry in the Middle East and Africa continues to flourish, with notable sales growth recorded in Nigeria, South Africa, and the UAE[40] - The global retail POS market size is projected to grow from US$16.2 billion in 2022 to US$34.6 billion in 2030, with a compound annual growth rate (CAGR) of 13.5%[48] Corporate Governance and Compliance - The company has complied with all applicable corporate governance code provisions for the six months ended June 30, 2023[95] - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[133] Research and Development - PAX launched several new products in the first half of 2023, including Android smart payment solutions and the Elys series, which received international design awards[35] - The Group is focused on strengthening its technological innovation capabilities and building higher technical barriers with Android smart terminals and the SaaS ecosystem[47]

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因本公佈全部或任何 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。 PAX GLOBAL TECHNOLOGY LIMITED 百富環球科技有限公 司* （於百慕達註冊成立之有限公司） （股份代號：327） 截至二零二三年六月三十日止六個月之 中期業績公佈 | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|----------------------------------------| | | | ...

PAX Global Technology Limited 百富環球科技有限公司* (Incorporated in Bermuda with Iimited liability) (於百慕達註冊成立的有限公司) Stock Code 股份代號 : 00327 20 $ 2022 Annual Report A920Pro 年 報 0) O " For Idantification Purpose Only 童 供 裝 別 Financial Highlights 財務概要 Financial Highlights 財務概要 REVENUE 收入 2018 4,415.4 2019 4,925.7 2020 5,650.6 HK$ million 百萬港元 Year 年 2022 8,062.7 2021 7,196.0 0 2,000 4,000 6,000 8,000 10,000 年度增長 Annual Growth 12% CAGR複合年增長率 16% SALES BY GEOGRAPHICAL REGION 按地區銷售額 3,252,078 1,881,410 793,145 1,269,349 7 ...

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，概不對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。 截至二零二二年十二月三十一日止年度之業績公佈 PAX GLOBAL TECHNOLOGY LIMITED 百富環球科技有限公 司* （於百慕達註冊成立之有限公司） （股份代號：327） | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|------------ ...