Financial Performance - The company reported total revenue of approximately HKD 211,795,000 for the year, a decrease of about HKD 19,345,000 compared to the previous year[18]. - Gross profit was approximately HKD 61,371,000, down by about HKD 33,143,000 year-on-year, resulting in a gross margin of 29%, a decrease of 12 percentage points[18]. - The company's operating revenue for the year ended December 31, 2023, was HKD 211,795,000, a decrease of approximately 8.36% compared to HKD 231,140,000 in the previous year[42]. - The gross profit for the same period was HKD 61,371,000, down from HKD 94,514,000, indicating a significant decline in profitability[42]. - The group’s revenue for the year ended December 31, 2023, was HKD 211,795,000, a decrease from HKD 231,140,000 in the previous year, representing a decline of approximately 8.4%[97]. - The industrial products segment generated revenue of HKD 205,185,000, while the energy business contributed HKD 6,610,000, indicating a significant reliance on industrial products for overall revenue[103]. - The gross profit for the industrial products segment was HKD 83,151,000, while the energy business reported a gross loss of HKD 21,780,000, leading to a total gross profit of HKD 61,371,000[103]. - The company reported a pre-tax loss from continuing operations of HKD 70,750,000 for the year ended December 31, 2023, compared to a profit in the previous year[103]. - The total comprehensive loss for the year was HKD (106,812) million, compared to HKD (33,329) million in the previous year, marking an increase of 220.5%[8]. - For the fiscal year ending December 31, 2023, the company reported a net loss attributable to shareholders of HKD 62,509,000, compared to a loss of HKD 24,741,000 in the previous year, representing an increase in losses of approximately 152%[154]. Asset Management - The company is seeking to divest certain assets of its radar business, with assets classified as held for sale amounting to HKD 4,576,000 in equipment, HKD 1,964,000 in intangible assets, and HKD 6,125,000 in inventory[6]. - The company has reclassified certain assets from the radar business as "assets held for sale" as of December 31, 2023, indicating a strategic shift in asset management[145]. - The company's non-current assets decreased to HKD 418,929 million from HKD 449,446 million, a decline of 6.75%[59]. - Current assets also saw a decrease, dropping to HKD 405,969 million from HKD 563,736 million, a reduction of 28%[60]. - The total assets of the group as of December 31, 2023, amounted to HKD 960,502,000, with liabilities totaling HKD 706,925,000, resulting in a net asset position[103]. Expenses and Costs - Other income increased to HKD 23,276,000, up by approximately 12.65% from HKD 20,664,000 in the previous year, primarily due to increased rental income[31]. - Distribution costs decreased by approximately 22.71% to HKD 34,929,000 from HKD 45,193,000, reflecting improved cost management[32]. - Administrative expenses rose by approximately 10.40% to HKD 97,311,000 compared to HKD 88,139,000 in the previous year, indicating increased operational costs[33]. - The company reported a significant increase in depreciation and amortization expenses, totaling HKD 54,098,000 for the year, compared to HKD 18,981,000 in the previous year, reflecting a rise of approximately 185%[154]. - The company recorded a loss from the early termination of leases amounting to HKD 214,000, compared to a gain of HKD 32,000 in the previous year[125]. Market and Industry Outlook - The company remains optimistic about the future of the SMT industry despite current challenges, as the technology is essential for high-density electronic assembly[21]. - The domestic smartphone market showed a 6.5% year-on-year increase in overall shipments, with 5G smartphone shipments growing by 11.9%[23]. - The LED market in China is projected to reach RMB 68.4 billion in 2023, with expectations to grow to RMB 72.1 billion in 2024[23]. - The company anticipates that the sales of semiconductor equipment components will rise to USD 22.46 billion by 2024, up from USD 19.54 billion in 2023[8]. Financial Stability - The total liabilities decreased to HKD 234,887,000 from HKD 294,017,000, indicating improved financial stability[41]. - Total liabilities decreased to HKD 706,925 million from HKD 804,461 million, a decrease of 12.14%[64]. - The company's equity attributable to owners decreased to HKD 261,745 million from HKD 316,727 million, a decline of 17.3%[62]. - The company has significantly reduced credit risk by closely monitoring overall credit risk levels and ensuring adequate provisions for uncollectible amounts[194]. - A proper liquidity risk management framework has been established to meet short-term, medium-term, and long-term financing needs, effectively managing liquidity risk[194]. Innovation and Development - The company launched several new products in 2023, including multiple IC bonding machines and semiconductor ovens, with significant improvements in functionality and reliability[24]. - The company obtained 5 new patents in 2023, bringing the total number of design patents to 59 as of December 31, 2023[24]. - The company actively participated in several major industry exhibitions in 2023, enhancing its influence in the market[26]. Foreign Exchange and Financial Risks - The company faces foreign exchange risk due to transactions and assets denominated in RMB, HKD, and USD, and will continue to monitor currency fluctuations closely[195].

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 117,039,000, a decrease of 18.5% compared to HKD 143,749,000 for the same period in 2022[4] - Gross profit for the same period was HKD 54,305,000, down 17.1% from HKD 65,524,000 year-over-year[4] - The company reported a net loss of HKD 47,004,000 for the six months ended June 30, 2023, compared to a loss of HKD 1,862,000 in the prior year, indicating a significant increase in losses[4] - The basic and diluted loss per share for the period was HKD 1.92, compared to HKD 0.13 in the same period last year[7] - The company reported a net loss of HKD 27,959,000 for the six months ended June 30, 2023, compared to a net loss of HKD 1,862,000 for the same period in 2022, representing a substantial increase in losses[13] - The net loss before tax for the period was HKD 46,478,000, compared to a loss of HKD 1,799,000 in the same period last year[31] - The group recorded a loss attributable to shareholders of approximately HKD 27,959,000 for the period, with total expenses of about HKD 28,185,000[66] Expenses and Liabilities - Administrative expenses rose to HKD 66,164,000, an increase of 69.8% from HKD 38,995,000 in the previous year[4] - The company incurred a net cash outflow from investing activities of HKD 17,507,000 for the six months ended June 30, 2023, compared to HKD 5,325,000 for the same period in 2022, indicating increased investment expenditures[16] - The company’s financing activities resulted in a net cash outflow of HKD 21,205,000 for the six months ended June 30, 2023, compared to HKD 1,722,000 for the same period in 2022, indicating increased financing costs[16] - The net financial expenses for the period were approximately HKD 12,656,000, an increase of about HKD 12,161,000 compared to the same period in 2022[94] - Total liabilities increased significantly, with current liabilities rising to HKD 64,767,000 from HKD 16,232,000[40] Assets and Equity - Total assets decreased to HKD 1,011,865,000 as of June 30, 2023, down from HKD 1,157,741,000 at the end of 2022[9] - Cash and cash equivalents fell to HKD 176,463,000 from HKD 273,446,000, representing a decline of 35.5%[9] - The company reported a significant increase in other income to HKD 3,815,000 from HKD 1,195,000, marking a growth of 218.5%[4] - The total equity attributable to the owners of the company decreased to HKD 288,779,000 as of June 30, 2023, from HKD 316,964,000 as of January 1, 2023, reflecting a decline of 8.9%[13] - The company’s retained earnings decreased to HKD 22,120,000 as of June 30, 2023, from HKD 50,079,000 as of January 1, 2023, reflecting a decline of 55.8%[13] Business Segments and Operations - The company has established two new operational and reporting segments: energy storage business and radar business, to enhance performance evaluation and resource allocation[28] - The energy storage project in Shanxi Province, with a planned total scale of 500 MW/1000 MWh, is expected to start generating sustainable revenue for the group by the end of 2023[47] - The radar business segment generated revenue of approximately HKD 297,000 during the six months ended June 30, 2023[48] - The company is focusing on expanding its energy storage and radar businesses to create greater commercial value[43] - The energy storage and radar businesses are still in the investment phase, leading to delayed revenue generation[66] Market Trends and Opportunities - The global Mini/Micro LED market is projected to exceed USD 2 billion in 2023, with an annual growth rate of over 145%, providing new market opportunities for the group's related equipment products[50] - China's new energy vehicle market share increased from 2.7% in 2017 to 30.1% in May 2023, indicating a strong growth trajectory that will expand demand across the entire industry chain[51] - The total installed capacity of global energy storage projects reached 237.2 GW by the end of 2022, with a year-on-year growth rate of approximately 15%[56] - The cumulative installed capacity of new energy storage in China has reached 1.3 billion kilowatts, with a year-on-year growth of 18.2%, accounting for 48.8% of the total installed capacity[79] - The demand for high-end bird deterrent devices in substations and high-voltage transmission towers is projected to reach a market scale of over HKD 10 billion[63] Corporate Governance and Risk Management - The group has established a liquidity risk management framework to meet short-term, medium-term, and long-term financing needs[109] - The board believes that the group's credit risk has been significantly reduced through close monitoring and adequate impairment provisions[108] - The group faced foreign exchange risks due to transactions and assets denominated in various currencies, with no hedging instruments used during the period[110] - The audit committee reviewed the interim results for the six months ended June 30, 2023, ensuring compliance with applicable accounting standards and regulations[118] - The group has maintained its corporate governance practices in accordance with the relevant codes and standards throughout the reporting period[117] Future Outlook - The company plans to adopt both independent construction and cooperative development strategies for energy storage projects across multiple provinces, aiming for rapid deployment and steady progress[77] - The company’s energy storage business is expected to gradually generate revenue starting in the second half of 2023, following the successful completion of the He Rong power station project[79] - Forward-looking statements regarding the group's business opportunities and prospects do not guarantee future performance and may differ significantly due to various factors[125] - Factors affecting actual performance include general industry and economic conditions, changes in customer demand, and government policy changes[125]

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内容概不負責，對其準確 性或完備性亦無發表聲明，且表明不會就本公告全部或任何部分内容而產生或因倚賴該等内 容而引致之任何損失承擔任何責任。 SINO ICT HOLDINGS LIMITED 芯 成 科 技 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號 : 00365） 有關二零二三年中期業績公告的澄清公告 茲提述芯成科技控股有限公司（「本公司」）日期為二零二三年八月三十一日有關截至二零二 三年六月三十日止六個月之中期業績公告（「業績公告」）。 由於在業績公告的英文版中發現有誤，本公司董事會謹此澄清第25頁「股息」一段，應更正如 下： 「董事會不建議就截至二零二三年六月三十日止六個月期間派付中期股息（二零二二年六月三 十日六個月期間：無）。」 除上文所披露者外，業績公告中的所有其他資料保持不變。 ...

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。 SINO ICT HOLDINGS LIMITED 芯 成 科 技 控 股 有 限 公 司 （於百慕達註冊成立的有限公司） （股份代號：00365） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 中期業績 芯成科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬公司（統稱 「本集團」）截至二零二三年六月三十日止六個月（「本期間」）之未經審核合併業績（「業績」）。該業績 並未經審核，惟已於二零二三年八月三十一日由本公司之審核委員會（「委員會」）審閱。 簡明合併綜合收益表 截至二零二三年 截至二零二二年 六月三十日 六月三十日 附註 止六個月 止六個月 港幣千元 港幣千元 ...

Financial Performance - For the fiscal year ending December 31, 2022, the company's revenue and securities investment income amounted to HKD 231,616,000, with a gross profit of HKD 94,990,000, resulting in a gross margin of 41.01%[9]. - The group's revenue and securities investment income for the year ended December 31, 2022, was approximately HKD 231,616,000, a decrease of about HKD 91,365,000 year-on-year[43]. - The gross profit and securities investment income amounted to approximately HKD 94,990,000, down by about HKD 46,839,000 year-on-year, with a gross margin of 41.01%, a decrease of 2.9 percentage points[43]. - The SMT and semiconductor equipment manufacturing segment generated revenue of approximately HKD 231,140,000, a year-on-year decline of about HKD 77,697,000, with a segment gross profit of approximately HKD 94,514,000, down by about HKD 33,347,000[45]. - The group recorded a loss attributable to shareholders of approximately HKD 24,504,000 for the year, compared to a profit of HKD 38,282,000 in the previous year, indicating a significant decrease in profitability[69]. - The company reported a loss before tax of HKD 33.641 million for 2022, compared to a profit of HKD 46.416 million in 2021, indicating a significant downturn in profitability[147]. - The net loss for the year was HKD 33.092 million, a decline from a profit of HKD 38.282 million in 2021, indicating a shift in financial performance[147]. Business Segments and Developments - The SMT and semiconductor equipment manufacturing segment generated total revenue of HKD 231,140,000, with a gross profit of approximately HKD 94,514,000 during the same period[11]. - The company has successfully developed high-value products, including the new semiconductor packaging equipment "IC Bonding Machine" and "Nitrogen Reflow Soldering" equipment, enhancing its product offerings[8]. - The company is actively expanding its business in power storage stations and bird radar, achieving notable interim results despite facing financial pressures[8]. - The company has established a 500,000 kW/1,000,000 kWh energy storage project in Shanxi Province, covering an area of 96.07 acres, with the first phase completed in March 2023 at a scale of 100,000 kW/200,000 kWh[15][16]. - The company has developed a domestic low-altitude target monitoring radar system, with plans for on-site testing at partner airports in 2023[19]. - The company’s self-developed bird monitoring radar, the Nieshield S8, is the only commercial radar in China capable of detecting small targets, enhancing safety in aviation and power supply sectors[20]. - The company plans to expand its energy storage business into system integration, utilizing both independent construction and cooperative development strategies[31]. - The company expanded its business by adding new energy sales and bird detection solutions during the fiscal year[160]. Market Trends and Projections - The overall performance of the semiconductor industry is expected to remain within anticipated ranges despite external economic challenges[11]. - The global Mini/Micro LED market is expected to exceed $1 billion by 2022, with a projected penetration rate of 10% for Mini LED TVs by 2025, leading to sales of 25.5 million units[25]. - The penetration rates for smart cockpit-equipped new energy vehicles priced between RMB 300,000 to 400,000 and RMB 250,000 to 300,000 are 55.7% and 47.4% respectively, indicating strong market demand[26]. - The global demand for energy storage is forecasted to reach 40 billion watt-hours by 2025, and 1,000 million megawatt-hours by 2060, with a compound annual growth rate of approximately 7.0%[28]. - The new energy storage capacity in China is expected to exceed 30 million kilowatts by 2025, with mainstream storage technologies reaching world-leading levels[29]. - The global commercial radar market reached $12.2 billion in 2020 and is projected to grow at a compound annual growth rate of 5.6% from 2021 to 2027, with the market size expected to reach approximately $5.2 billion by 2026[32]. - The demand for bird detection radar is anticipated to exceed RMB 6.09 billion due to the rapid development of civil airports in China[32]. - The automotive Internet of Things module shipments are expected to accelerate, driven by the resilience of the domestic new energy vehicle industry despite challenges in battery raw material prices and supply chain issues[26]. Research and Development - The company has increased its R&D efforts in high-precision bonding equipment, achieving micron-level precision suitable for various high-tech industries[12]. - The company has added three new patents during the year, emphasizing its commitment to independent research and development[13]. - The company launched a new semiconductor packaging equipment IC bonding machine in 2022, significantly improving functionality, performance, and reliability compared to previous models[49]. - The company holds a total of 7 invention patents, 38 utility model patents, 12 design patents, and 11 software copyrights as of December 31, 2022[49]. Governance and Compliance - The company has adopted the corporate governance code and has complied with all provisions during the year[94]. - The board of directors consists of eight members, including two executive directors, two non-executive directors, and four independent non-executive directors, ensuring compliance with regulatory requirements[96]. - The company has established an appropriate liquidity risk management framework to meet short-term, medium-term, and long-term financing and liquidity management requirements[84]. - The company has implemented a whistleblowing policy to allow employees and stakeholders to report concerns anonymously[132]. - The company has confirmed that all independent non-executive directors are still considered independent as of the reporting date[173]. - The company has complied with environmental protection laws and regulations throughout the year ended December 31, 2022[194]. - The company has not entered into any significant contracts with its controlling shareholders or their subsidiaries during the year[180]. Employee and Stakeholder Relations - The company provides adequate training to employees to maintain and enhance their work capabilities[90]. - The company recognizes the importance of maintaining effective communication and good relationships with key stakeholders, including employees, customers, suppliers, banks, regulatory bodies, and shareholders[196]. - The gender ratio among all employees in 2022 was 30:7, highlighting the company's commitment to diversity[114]. Financial Management - The company has implemented a low-frequency trading investment strategy, holding financial assets valued at approximately HKD 85,000, which accounts for less than 1% of total assets[22]. - The company monitors cash and cash equivalents levels to maintain sufficient operating capital and mitigate cash flow volatility[84]. - The company faces foreign exchange risks due to transactions, assets, and liabilities denominated in RMB, HKD, and USD, and has not used any financial instruments for hedging during the year[86]. - The company does not recommend a final dividend for the year ended December 31, 2022, consistent with the previous year[89].

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。 SINO ICT HOLDINGS LIMITED 芯 成 科 技 控 股 有 限 公 司 （於百慕達註冊成立的有限公司） （股份代號：00365） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 全 年 業 績 公 告 全年業績 芯成科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬公司（統稱 「本集團」）截至二零二二年十二月三十一日止年度經審核的全年業績如下： 合併綜合收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 十二月三十一日 十二月三十一日 附註 止年度 止年度 港幣千元 港幣千元 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 143,749,000, a decrease of 26.7% compared to HKD 196,127,000 for the same period in 2021[5] - Gross profit for the same period was HKD 65,524,000, down 30.9% from HKD 95,058,000 year-on-year[5] - The net loss attributable to equity holders for the six months ended June 30, 2022, was HKD 1,862,000, compared to a profit of HKD 32,887,000 in the prior year[5] - Basic and diluted loss per share for the period was HKD (0.13), compared to earnings of HKD 2.26 per share in the previous year[5] - The total comprehensive loss for the period was HKD 8,359,000, which includes a loss of HKD 1,862,000 and a foreign currency translation loss of HKD 6,497,000[13] - The company reported a net cash outflow from operating activities of HKD 26,447,000 for the six months ended June 30, 2022, compared to a net inflow of HKD 257,142,000 in the same period of 2021[15] - The company recorded realized and unrealized gains from listed equity securities amounting to HKD 519,000 for the six months ended June 30, 2022, compared to HKD 14,038,000 in the same period of 2021[28] - The company recorded other income of HKD 1,195,000 for the six months ended June 30, 2022, down from HKD 3,607,000 for the same period in 2021, indicating a decline in additional income sources[36] - The company’s financial expenses, net, were approximately HKD 495,000, a decrease of about HKD 6,718,000 compared to the same period in 2021, primarily due to reduced interest expenses[125] Assets and Liabilities - Total assets as of June 30, 2022, were HKD 758,827,000, slightly down from HKD 759,615,000 as of December 31, 2021[10] - Current assets increased to HKD 598,370,000 from HKD 594,678,000, with cash and cash equivalents at HKD 269,603,000[10] - Total liabilities as of June 30, 2022, were HKD 418,597,000, compared to HKD 411,026,000 at the end of 2021[10] - The total equity as of June 30, 2022, was HKD 340,230,000, down from HKD 348,589,000 at the beginning of the year[13] - The company’s retained earnings as of June 30, 2022, were HKD 72,721,000, a slight decrease from HKD 74,583,000 at the beginning of the year[13] - The fair value of financial assets measured at fair value as of June 30, 2022, was HKD 5,275,000, with HKD 127,000 in listed securities and HKD 5,148,000 in unlisted securities[52] Market and Business Strategy - The company is focusing on expanding its market presence and developing new technologies to enhance its product offerings[6] - The company established a joint venture in the energy storage sector, aiming to develop and operate battery energy storage projects[67] - A joint venture was also formed to expand the bird radar business, focusing on localized research and application of bird monitoring and warning systems[68] - The company plans to develop independent energy storage stations in provinces such as Shanxi and participate in peak shaving and frequency regulation services for the grid[67] - The company aims to enhance its brand influence and competitiveness while actively developing energy storage and radar-related businesses to increase profitability[97] Operational Insights - The company did not declare or recommend any dividends for the six months ended June 30, 2022, consistent with the previous year[42] - The company’s average accounts receivable turnover days increased to approximately 185 days as of June 30, 2022, compared to 95 days at the end of 2021[131] - The company has actively managed its securities investments, realizing a total investment gain of approximately HKD 519,000 from its holdings in Gome Financial Technology (628.HK) and HKD 500,000 from its investment in Guodian Technology (1296.HK) prior to its privatization[118] Economic Outlook - The group anticipates an economic recovery in the second half of the year, supported by improvements in domestic pandemic control and a rebound in the manufacturing sector, as indicated by the purchasing managers' index returning above the critical point in June[99] - The company plans to enter the grid-side energy storage market, developing large-scale independent energy storage stations with fast frequency regulation and peak shaving capabilities[88] Compliance and Governance - The audit committee reviewed the interim results for the six months ended June 30, 2022, ensuring compliance with applicable accounting standards and regulations[156] - The board cautions investors that the unaudited interim financial performance and operational data for the six months ended June 30, 2022, are based on internal data and should be used with caution to avoid investment risks[163] - The group emphasizes ethical values and has established reporting procedures to prevent fraud and bribery[138] - The group has established a risk management framework to effectively manage credit risk, liquidity risk, foreign exchange risk, and price risk[140][141][144][145]

Financial Performance - For the year ended December 31, 2021, the total revenue of the group was approximately HKD 322,981,000, representing a 19% increase compared to the previous year[12]. - The overall gross profit was approximately HKD 141,829,000, which is a 5% increase year-on-year[12]. - Profit attributable to equity holders of the company was HKD 38,282,000, marking a significant growth of 95% compared to the previous year[12]. - The group's core business revenue for the year ended December 31, 2021, was approximately HKD 322.98 million, representing a year-on-year increase of about 19%[42]. - The overall gross profit for the company increased to approximately HKD 141.83 million, up about 5% year-on-year[42]. - The profit attributable to equity holders for the year significantly rose to approximately HKD 38.28 million[42]. - The company's operating revenue and securities investment income for 2021 was HKD 322,981,000, an increase of 19.4% from HKD 270,560,000 in 2020[142]. - Profit before tax for 2021 was HKD 46,416,000, up 83.8% from HKD 25,249,000 in 2020[142]. - Net profit attributable to equity holders for 2021 was HKD 38,282,000, representing a significant recovery from a loss of HKD 11,611,000 in 2019[142]. - Total assets increased to HKD 759,615,000 in 2021, compared to HKD 753,206,000 in 2020, reflecting a growth of 0.5%[142]. - Total liabilities decreased to HKD 411,026,000 in 2021 from HKD 443,992,000 in 2020, a reduction of 7.5%[142]. - The company's total equity increased to HKD 348,589,000 in 2021, up from HKD 309,214,000 in 2020, marking a growth of 12.7%[142]. Business Segments and Innovations - The SMT and semiconductor equipment manufacturing segment generated total revenue of approximately HKD 308,837,000, an increase of HKD 75,053,000, or 32% year-on-year[15]. - The gross margin for the SMT and semiconductor equipment manufacturing segment was approximately 41%, remaining stable compared to the previous year[15]. - The company has developed a high-precision die bonding machine, achieving positioning accuracy at the micron level, comparable to international advanced technology[16]. - The group successfully developed a "dual electromagnetic pump selective wave soldering" technology, which is energy-efficient and has high precision, marking a leading position in the industry[17]. - The group launched three new products during the year, including semiconductor chip bonding equipment, semiconductor packaging reflow soldering ovens, and modular intelligent multi-channel curing ovens, and obtained 13 patents[47]. - The company is actively enhancing its R&D efforts in the packaging field, particularly in IC bonding and FC flip chip equipment[15]. - The company aims to optimize IC bonding equipment from specialized to general-purpose types gradually[16]. Market Trends and Opportunities - The demand for automotive semiconductors is expected to increase, as electric vehicles use 2.9 times more semiconductor chips than traditional internal combustion engine vehicles[21]. - The Mini LED display market is expected to grow rapidly, enhancing the demand for high-precision soldering equipment[28]. - The global smartphone shipment reached 1.35 billion units, with a year-on-year growth rate of 7%[23]. - The semiconductor sales in 2021 reached $555.9 billion, a year-on-year increase of 26.2%, with China's market sales at $192.5 billion, growing by 27.1%[31]. - By 2030, non-fossil energy is projected to account for 25% of primary energy consumption in China, with wind and solar power capacity expected to reach 2.24 times that of 2020[33]. - The group anticipates a golden period of expansion in the energy storage industry, driven by national policies and the growing demand for renewable energy[19]. - The global energy storage annual demand is expected to reach 1.25 TWh by 2030, with a compound annual growth rate of about 30% from 2020 to 2030, indicating a new trillion RMB-level emerging market[34]. Strategic Initiatives - The company has established a joint venture in the renewable energy sector, focusing on the development and operation of energy storage stations[11]. - The group has established a joint venture in Zhuhai, focusing on energy storage projects, anticipating significant growth in the energy storage industry due to national policies and market mechanisms[19]. - The group plans to further develop other new energy storage projects and smart energy projects, leveraging policy benefits and operational advantages of joint ventures[37]. - The group aims to increase production efficiency and market share in the SMT and semiconductor equipment manufacturing sectors through continuous technological innovation[17]. - The management is exploring potential mergers and acquisitions to strengthen its competitive position in the market[144]. - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[144]. Governance and Compliance - The board of directors did not recommend the payment of a final dividend for the year ended December 31, 2021[86]. - The company has established a board diversity policy since 2018, focusing on various aspects such as gender, age, and professional experience to enhance performance quality[105]. - All independent non-executive directors have confirmed their independence in accordance with the Main Board Listing Rules[104]. - The company provides ongoing training for directors to ensure compliance with legal and regulatory requirements, with satisfactory training records reported as of December 31, 2021[99]. - The company has established a three-tier risk management approach to identify, assess, and mitigate risks across its operations[123]. - The internal control system is based on COSO principles, ensuring compliance with laws and regulations, asset security, and the integrity of financial reporting[124]. - The board confirmed that the group has sufficient resources for ongoing operations, thus adopting the going concern basis for financial statements preparation[120]. - The company has complied with all relevant laws and regulations without any significant violations during the year[196]. Human Resources and Operations - The group employed approximately 313 full-time employees in mainland China and 21 staff in Hong Kong as of December 31, 2021[87]. - The company has established a liquidity risk management framework to meet short-term, medium-term, and long-term financing needs[80]. - The company has established a dedicated team to handle insider information and ensure compliance with relevant laws and regulations[127]. - The company encourages directors, especially non-executive and independent non-executive directors, to participate in various professional training activities to improve governance standards[99]. - The company secretary received over 15 hours of professional training to update skills and knowledge during the year[118]. Shareholder Information - As of December 31, 2021, the major shareholder, Xindin Limited, holds 987,176,230 shares, representing approximately 67.85% of the total equity[183]. - Chen Ping holds 100,000,000 shares, accounting for 6.87% of the total equity[183]. - Bi Tianfu owns 87,783,168 shares, which is 6.03% of the total equity[183]. - Da Guang International Limited holds 84,270,000 shares, representing 5.79% of the total equity[183]. - The company did not enter into any significant contracts with its controlling shareholders or their subsidiaries as of December 31, 2021[179]. - The company did not buy, redeem, or sell any of its listed securities during the year[187].

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 196,127,000, representing a 22.4% increase from HKD 160,211,000 for the same period in 2020[5] - Gross profit for the same period was HKD 95,058,000, up from HKD 84,208,000, indicating a gross margin improvement[5] - Operating profit decreased to HKD 44,990,000 from HKD 47,826,000, reflecting a decline of 3.8%[5] - Net profit attributable to equity holders for the period was HKD 32,887,000, compared to HKD 31,352,000 in the previous year, marking a 4.9% increase[5] - The total profit before tax for the group was HKD 37,777 thousand, compared to HKD 38,798 thousand in the same period last year, reflecting a slight decrease of about 2.6%[34] - The group’s overall gross profit and profit attributable to equity holders increased to approximately HKD 95,058,000 and HKD 32,887,000, respectively, with increases of approximately 12.88% and 4.90% year-on-year[74] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 1,046,528,000, a significant increase from HKD 753,206,000 at the end of 2020[9] - Total liabilities increased to HKD 704,348,000 from HKD 443,992,000, indicating a rise in financial obligations[9] - Cash and cash equivalents rose to HKD 351,309,000 from HKD 116,609,000, showing a substantial liquidity improvement[9] - Total accounts receivable decreased to HKD 84,841,000 from HKD 99,990,000, a decline of 15.2%[52] - Accounts payable increased to HKD 66,679,000 from HKD 48,181,000, an increase of 38.4%[53] - The capital-to-debt ratio was 27.51% as of June 30, 2021, indicating a stable financial position[94] Cash Flow - The net cash inflow from operating activities was HKD 257,142 thousand, while the net cash outflow from financing activities was HKD (151,209) thousand[20] - Total cash and cash equivalents increased by HKD 232,007 thousand, ending the period with HKD 351,309 thousand[20] - The company held cash and bank deposits of approximately HKD 351,309,000 as of June 30, 2021, an increase of approximately HKD 234,700,000 from the beginning of the period[95] Revenue Segments - Revenue from the industrial products segment was HKD 179,248 thousand, representing a significant increase from HKD 113,921 thousand in the same period last year, a growth of approximately 57.5%[34] - The SMT equipment manufacturing and related business segment generated revenue of approximately HKD 179,248,000, a year-on-year increase of 57.34%[64] - The revenue from SMT equipment manufacturing and related businesses was HKD 179,248,000, up from HKD 113,921,000 year-on-year[86] Expenses and Provisions - Administrative expenses totaled HKD 28,810 thousand, with HKD 14,853 thousand attributed to the unallocated items[34] - Bad debt provisions decreased to HKD 80,000 from HKD 467,000 year-over-year, representing an 82.9% reduction[39] - Financial expenses net amount improved to HKD (7,213,000) from HKD (9,028,000), a decrease of 20.1%[41] - Current tax expense for the period decreased to HKD 4,890,000 from HKD 7,446,000, a reduction of 34.4%[48] Corporate Strategy and Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[2] - The company continues to focus on SMT equipment manufacturing and securities investment as its primary business segments[24] - The group expects to maintain sufficient resources for ongoing operations in the foreseeable future, indicating a stable outlook[28] - The management maintains a cautiously optimistic outlook for the second half of 2021, anticipating further achievements in the SMT and semiconductor equipment manufacturing sectors[72] Research and Development - The company plans to continue investing in R&D for SMT and semiconductor equipment to enhance technological capabilities[65] - The group added 10 new patent authorizations during the reporting period, including 3 invention patents, 5 utility model patents, and 2 design patents[77] - The group actively participated in major industry exhibitions, such as SEMICON China 2021, to showcase its main products and new research and development equipment[78] Market Trends - The global semiconductor sales reached USD 43.61 billion in May 2021, with a year-on-year growth of 26.20%[69] - The Chinese semiconductor market recorded a growth rate of 26.10%, reflecting increasing domestic demand[69] - The Mini/MicroLED market is projected to exceed USD 1 billion by 2022, with an annual growth rate of over 145%[68] - The smart home market in China has surpassed RMB 100 billion, with a compound annual growth rate of 20% over the past four years[68] Shareholder Information - As of June 30, 2021, major shareholders include Xin Ding Limited with 987,176,230 shares (67.85%), Chen Ping with 100,000,000 shares (6.87%), and Bi Tianfu with 87,783,168 shares (6.03%)[114] - The company did not recommend any interim dividend for the six months ended June 30, 2021, compared to no dividend for the same period in 2020[121] Governance and Compliance - The company is committed to good corporate governance practices and has complied with the corporate governance code throughout the reporting period[118] - The audit committee has reviewed the interim results for the six months ended June 30, 2021, and confirmed compliance with applicable accounting standards and regulations[119] - The board believes that the group's credit risk has been significantly reduced through close monitoring and adequate impairment provisions[103] - The board has established a framework for managing liquidity risk to meet the group's short-term, medium-term, and long-term financing needs[104] - The board has confirmed that all directors have adhered to the trading code of conduct during the reporting period[122]

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