Financial Performance - Revenue for the three months ended March 31, 2025, was $19.8 million, an increase of 76.8% from $11.2 million in the same period of 2024[3] - Gross profit for the same period was $2.5 million, compared to $0.4 million in 2024, reflecting a significant improvement[4] - The company reported a net profit of $0.9 million for the three months ended March 31, 2025, reversing a loss of $1.6 million in the previous year[4] - Operating income improved to $593,312 from a loss of $1.57 million year-over-year[4] - Total comprehensive income for the period was $703,962, compared to a loss of $2.87 million in the same quarter of 2024[5] Cash Flow and Liquidity - Cash and cash equivalents decreased to $11.53 million from $14.89 million at the end of the previous year[8] - The company reported a net cash outflow from operating activities of $6.23 million, compared to a net inflow of $3.49 million in the same period last year[8] Balance Sheet - Inventory increased to $25.45 million from $22.29 million, indicating a rise in stock levels[6] - Total assets decreased slightly to $96.08 million from $95.57 million[6] - The company’s total equity increased to $45.69 million from $44.98 million, showing a positive trend in shareholder equity[7]

Financial Performance - The company's revenue for 2024 was $81.1 million, a decrease of 22.8% compared to $105.1 million in 2023[9]. - Gross profit for 2024 was $7.3 million, down from $15.5 million in 2023, reflecting a significant decline in profitability[9]. - The company reported a loss before tax of $3.5 million in 2024, compared to a profit of $1.9 million in 2023[9]. - Total assets decreased to $103.4 million in 2024 from $106.1 million in 2023, indicating a reduction in the company's asset base[9]. - The total liabilities increased to $58.4 million in 2024 from $55.0 million in 2023, resulting in a higher debt level[9]. - The company's net asset value was $45.0 million in 2024, down from $51.1 million in 2023, showing a decline in shareholder equity[9]. - The group experienced a net loss of $3.8 million for the year ended December 31, 2024, a decrease of $5.5 million from a net profit of $1.7 million in the previous year[15]. - The company recorded a net loss of $3.8 million for the year ending December 31, 2024, compared to a net profit of $1.7 million for the year ending December 31, 2023, resulting in a decrease of $5.5 million. The net profit margin decreased from 1.6% to a net loss margin of 4.7%[25]. - The group's gross profit was approximately $7.3 million with a gross margin of 9.0%, down from $15.5 million and 14.7% respectively in the previous year, reflecting decreased sales volume and underutilized production capacity[18]. - Operating loss for the year ended December 31, 2024, was $2.8 million, compared to an operating profit of $1.9 million in the previous year[22]. Sales and Market Performance - The overall motorcycle sales in Vietnam reached approximately 51.7 thousand units in 2024, an increase of 30.8% compared to the previous year[12]. - The company exported approximately 27.6 thousand units of scooters and national motorcycles to ASEAN and non-ASEAN markets, a decrease of 41.0% from the previous year[12]. - Revenue for the year ended December 31, 2024, was $81.1 million, a decrease of $24.0 million or 22.8% compared to $105.1 million for the year ended December 31, 2023, primarily due to a significant drop in sales in Thailand[16]. - Domestic sales in Vietnam contributed approximately 50.3% of total revenue, up from 34.4% in the previous year, with domestic revenue increasing by 13.0% to $40.8 million[16]. - Export sales revenue decreased by 41.6% to $40.3 million, down from $69.0 million in the previous year, largely due to reduced sales in Thailand[16]. Corporate Governance - The company maintains a high standard of corporate governance, adhering to the corporate governance code as per the Hong Kong Stock Exchange[49]. - The company has established three board committees: the audit committee, the remuneration committee, and the nomination committee, with defined scopes of authority[61]. - The board is responsible for setting the group's goals, strategies, policies, and business plans, as well as monitoring operational and financial performance through annual budgets[54]. - The company emphasizes a corporate culture of "quality first and customer satisfaction," aiming for sustainable development and value creation for stakeholders[48]. - The board believes that the risk management and internal control systems are effective and sufficient as of December 31, 2024[81]. Employee and Workforce Management - The company employed 1,014 employees as of December 31, 2024, with total salary and related costs approximately $10.5 million, down from $12.0 million in the previous year[35]. - As of December 31, 2024, the total number of shares issued by the company is 797,489,604, with key shareholders holding significant stakes, including SY International Ltd. with 67.07%[141]. - The group has a total of 1,014 employees, with 793 male and 221 female employees, indicating a gender ratio of approximately 78% male to 22% female[188]. - The majority of employees (751) are full-time junior staff, while there are 150 full-time middle management and 113 full-time senior management[188]. - Employee training statistics for 2024 show that 12.74% of female employees and 87.26% of male employees participated in training programs, with an average training duration of 6 hours per employee[200]. Sustainability and Environmental Initiatives - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 25% by 2026[107]. - The company is committed to promoting environmental sustainability and high standards of corporate governance[156]. - The company has established an ESG governance framework to enhance its ESG management efforts[164]. - The company aims to expand the reporting scope of environmental KPIs to better reflect its ESG performance in the future[161]. - The company conducts annual environmental assessments, including noise and air quality tests, to ensure employee health and safety[198]. Risk Management - The company faces significant risks in the Vietnamese motorcycle industry due to market changes and increased competition[144]. - The company emphasizes the importance of risk management practices to mitigate operational and financial risks[144]. - The group has established procedures to identify, assess, and manage significant risks, with management responsible for risk identification[83]. Shareholder Communication - The board emphasizes the importance of maintaining clear and timely communication with shareholders to build investor confidence and attract new investors[93]. - The company has adopted a formal shareholder communication policy to ensure accurate and timely information is available through annual reports, interim reports, and announcements[93]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of submitting a written request[96]. Future Outlook and Strategic Initiatives - The company plans to launch two to three new or revamped motorcycle models in the Vietnamese market, including scooters and national vehicles, to enhance product diversification and profitability[38]. - The company is focusing on market expansion, particularly in Southeast Asia, aiming for a 30% market share by 2025[105]. - New product development includes the launch of an electric scooter line, expected to contribute $50 million in revenue in the first year[104]. - The management team has set a performance guidance of 20% EBITDA margin for the upcoming fiscal year[110].

Financial Performance - Revenue for the year ended December 31, 2024, was $81.1 million, a decrease of 22.8% from $105.1 million in 2023[3] - Gross profit fell to $7.3 million, down 52.8% from $15.5 million in the previous year[3] - The company reported a net loss of $3.8 million, compared to a profit of $1.7 million in 2023, representing a decline of 323.5%[3] - Basic and diluted loss per share was $(0.0042), compared to earnings of $0.0019 per share in 2023[7] - Total comprehensive loss for the year was $(6.155 million), a significant drop from a comprehensive income of $254,775 in the previous year[7] - The company reported a total pre-tax loss of $(3,524,562) for 2024, compared to a pre-tax profit of $1,857,866 in 2023[24] - The company reported a pre-tax loss of $3,844,473 for 2024, compared to a profit of $1,686,198 in 2023, resulting in a basic loss per share of $0.0042 for 2024, down from a profit of $0.0019 per share in 2023[34] - The company recorded an operating loss of $2.8 million for the fiscal year ending December 31, 2024, compared to an operating profit of $1.9 million for the fiscal year ending December 31, 2023[61] - The company's net loss margin increased from a net profit margin of 1.6% for the fiscal year ending December 31, 2023, to a net loss margin of 4.7% for the fiscal year ending December 31, 2024[65] Revenue Breakdown - Total revenue for the manufacturing and sales of motorcycles decreased to $72,781,261 in 2024 from $95,887,544 in 2023, representing a decline of approximately 24%[20] - Revenue from the manufacturing and sales of spare parts and engines decreased to $8,357,169 in 2024 from $9,260,375 in 2023, a decrease of about 10%[20] - The total reported segment revenue for 2024 was $98,605,201, down from $134,209,819 in 2023, indicating a decline of approximately 26.5%[24] - Revenue from Vietnam increased to $40,759,244 in 2024 from $36,131,761 in 2023, showing an increase of about 7%[27] - Revenue from Malaysia surged to $20,239,131 in 2024 from $6,754,409 in 2023, marking an increase of approximately 199%[27] Assets and Liabilities - Non-current assets decreased to $7.79 million from $8.49 million in 2023, reflecting a decline of 8.3%[9] - Current assets totaled $95.57 million, down from $97.61 million in 2023, a decrease of 2.1%[9] - Current liabilities increased to $56.30 million from $52.75 million, marking a rise of 6.5%[9] - The company's equity attributable to owners decreased to $44.98 million from $51.13 million, a decline of 12.1%[10] - The total amount of trade and other payables rose from $9,746,471 in 2023 to $22,220,446 in 2024, an increase of about 128.5%[45] Expenses - Research and development expenses decreased to $1,722,989 in 2024 from $2,420,421 in 2023, indicating a reduction of approximately 29%[30] - The total cost of goods sold was $73,851,650 in 2024, compared to $89,657,485 in 2023, reflecting a decrease of about 17.7%[40] - Employee costs totaled $9,340,639 in 2024, down from $10,642,128 in 2023, marking a reduction of about 12.2%[28] - The total salary and related costs for the year ending December 31, 2024, were approximately $10.5 million, a decrease from $12.0 million in 2023, with a total of 1,014 employees as of December 31, 2024[69] - The total interest expense for 2024 was $2,560,684, compared to $2,930,985 in 2023, showing a decrease of approximately 12.6%[28] Inventory and Provisions - The company reported inventory write-downs of $1,668,167 in 2024, significantly higher than $196,144 in 2023, indicating a substantial increase in inventory losses[30] - The company’s total inventory value was $22,292,912 in 2024, slightly down from $22,853,016 in 2023, reflecting a decrease of about 2.4%[38] - The company reported a total inventory provision of $3,934,206 as of December 31, 2024, up from $2,751,978 in 2023, representing an increase of approximately 43.0%[41] Market and Economic Conditions - The overall economic growth rate (GDP) in Vietnam for 2024 is projected to be 7.09%, indicating a recovery in economic activity[50] - The company’s exports to ASEAN countries decreased by 41.0% compared to the previous year, with total sales of scooters and national vehicles amounting to approximately 27.6 thousand units[51] - The company's total sales volume to ASEAN countries decreased, primarily due to conservative consumer purchasing power in Thailand, leading to a decline in overall motorcycle sales compared to the same period last year[53] Future Outlook and Strategy - The company plans to actively explore new models and customers to seek business growth opportunities and enhance revenue[55] - The group plans to launch two to three new or modified motorcycle models in the Vietnamese market, including scooters and national vehicles, to enhance product diversification and profitability[71] - The outlook for 2025 indicates potential market demand growth due to global interest rate cuts and lower commodity prices, although uncertainties remain due to US trade policies[70] - The group is actively seeking to enhance long-term profitability and aims to provide the best returns to its shareholders[72] Dividends and Shareholder Returns - The board did not recommend a final dividend for the year ended December 31, 2024[3] - The board of directors does not recommend the payment of a final dividend for the year ending December 31, 2024 (2023: none) [90] Corporate Governance and Compliance - The company has maintained sufficient public float as required by listing rules for the year ending December 31, 2024, and as of the announcement date [91] - The annual performance announcement will be published on the Hong Kong Stock Exchange's disclosure website and the company's website [92]

Revenue and Profitability - Revenue for the nine months ended September 30, 2024, was $61.2 million, a decrease of 31.4% from $89.2 million in the same period of 2023[1] - Gross profit for the same period was $4.9 million, down 62.3% from $13.0 million year-over-year[1] - The company reported a net loss after tax of $1.9 million, compared to a profit of $3.5 million in the previous year, representing a decline of 154.3%[1] Cash Flow and Liquidity - Operating cash flow for the nine months ended September 30, 2024, was $15.5 million, a significant improvement from a cash outflow of $3.3 million in the same period of 2023[7] - Cash and cash equivalents at the end of the period were $17.3 million, up from $8.5 million at the end of 2023, reflecting improved liquidity[7] Assets and Liabilities - Total assets decreased to $94.2 million as of September 30, 2024, from $97.6 million at the end of 2023[4] - Current liabilities increased to $20.2 million from $9.7 million at the end of 2023, indicating a rise in short-term financial obligations[4] Shareholder Equity and Financial Management - The total equity attributable to the company's shareholders decreased to $48.3 million from $51.1 million at the end of 2023, indicating a decline in shareholder value[6] - The company reported a net financing income of $987,837, an increase from $872,999 in the same period last year, showing improved financial management[2] Foreign Exchange Impact - The company experienced a foreign exchange loss of $915,140 for the period, compared to a loss of $1,697,434 in the previous year[3]

Financial Performance - The company's revenue for the six months ended June 30, 2024, was $32.8 million, a decrease of 45.9% from $60.6 million for the same period in 2023[6]. - The company recorded a net loss of $2.4 million for the six months ended June 30, 2024, compared to a net profit of $3.0 million for the same period in 2023, a decrease of $5.4 million[6]. - Revenue for the six months ended June 30, 2024, was $32,849,975, a decrease of 46.1% compared to $60,607,091 for the same period in 2023[42]. - Gross profit for the same period was $2,832,826, down 66.5% from $8,456,522 in 2023[42]. - The group reported a pre-tax loss of $2,418,066 for the six months ended June 30, 2024, compared to a pre-tax profit of $3,008,031 for the same period in 2023[55]. - The total comprehensive loss for the period was $4,738,801, compared to a comprehensive income of $2,932,094 in 2023[43]. - The group reported an operating loss of $2,418,353 for the six months ended June 30, 2024, compared to a profit of $3,001,138 for the same period in 2023, resulting in a basic loss per share of $0.0027[61]. Sales and Market Performance - Total sales in Vietnam reached approximately 21.4 thousand units, an increase of 37.2% year-on-year, with scooters accounting for about 6.8 thousand units and national motorcycles for 14.6 thousand units[5]. - Sales of scooters and national motorcycles exported to ASEAN countries totaled approximately 11.1 thousand units, a decrease of 66.6% compared to the same period last year[5]. - The decline in sales to ASEAN countries was attributed to conservative consumer purchasing power in key markets like Malaysia, the Philippines, and Thailand, influenced by currency depreciation against the US dollar[5]. - The company plans to expand its market presence beyond ASEAN countries to Europe and the Middle East, aiming to diversify sales channels and enhance market competitiveness[5]. Cost and Expenses - The group's cost of sales for the six months ended June 30, 2024, was $30.0 million, a decrease of 42.5% from $52.2 million for the same period in 2023[8]. - Distribution expenses decreased by 36.7% to $1.9 million for the six months ended June 30, 2024, compared to $3.0 million for the same period in 2023[10]. - Administrative and other operating expenses decreased by 8.8% to $3.1 million for the six months ended June 30, 2024, from $3.4 million for the same period in 2023[11]. - The group’s employee costs for the six months ended June 30, 2024, totaled $4,884,839, down from $5,799,568 in the same period of 2023, reflecting a decrease of 15.8%[57]. Assets and Liabilities - As of June 30, 2024, the group's current assets were $91.9 million, down from $97.6 million as of December 31, 2023[16]. - The group reported a total equity of $46,398,720 as of June 30, 2024, down from $51,137,521 at the end of 2023, a decrease of about 9.2%[45]. - The company’s total liabilities decreased to $2,090,013 from $2,170,072, reflecting a decrease of about 3.7%[44]. - Current liabilities increased to $51,326,253 from $52,797,600, indicating a decrease of about 2.8%[44]. Cash Flow and Financing - Cash and cash equivalents stood at $21,972,259 as of June 30, 2024, up from $8,857,049, reflecting a significant increase of approximately 148.5%[49]. - The net cash flow from operating activities for the six months ended June 30, 2024, was $6,683,036, compared to a negative cash flow of $(3,217,501) for the same period in 2023[49]. - The net cash flow from investing activities for the first half of 2024 was $8,385,622, compared to $2,848,463 in the same period of 2023, indicating a substantial increase[49]. - The company’s borrowings amounted to $42,098,345 for the first half of 2024, compared to $63,182,782 in the previous year, showing a decrease of about 33.3%[49]. Strategic Initiatives - The company aims to continue developing new models and seeking business growth opportunities to enhance revenue and create higher value[7]. - The company plans to enhance brand awareness through targeted marketing campaigns and expand market coverage to attract more potential consumers[26]. - The company aims to strengthen product design and core technology development as part of its focus on product innovation[26]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic acquisitions and partnerships, as evidenced by the increase in related party transactions[69]. Related Party Transactions - The company has engaged in related party transactions with various subsidiaries, including Sanyang Motor Colombia S.A.S. and Vietnam Sanyang Machinery Industry Joint Stock Company, indicating ongoing strategic partnerships[69]. - The total receivables from related parties as of June 30, 2024, were $492,837, a significant increase from $99,729 as of December 31, 2023, representing a growth of approximately 393%[70]. - The total payables to related parties as of June 30, 2024, were $6,248,339, compared to $1,309,586 as of December 31, 2023, indicating an increase of approximately 377%[70]. Governance and Compliance - The financial results were reviewed by KPMG, confirming compliance with applicable accounting standards[38]. - The company continues to adhere to corporate governance practices as outlined in the listing rules[35]. - There were no significant events after June 30, 2024, that could impact the group[37].

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依賴該等內容而引致的任何損失承擔任 何責任。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 (於開曼群島註冊成立的有限公司) (股份代號：422) 截至二零二四年六月三十日止六個月 中期業績公告 | --- | --- | --- | --- | |-----------------------------|------------|-------------------------------------|-------------------------------| | 財務摘要： | 二零二四年 | 截至六月三十日止六個月 \n二零二三年 | （以百萬美元表示） \n變動金額 | | ‧收入 | 32.8 | 60.6 | (27.8) | | ‧毛利 | 2.8 | 8.5 | (5.7) | | ‧稅後（虧損）／利潤 | ( ...

Financial Performance - Revenue for the three months ended March 31, 2024, was $11.2 million, a decrease of 60.5% from $28.3 million in the same period of 2023[11] - Gross profit for the same period was $0.4 million, down 88.7% from $3.4 million year-over-year[11] - The company reported a net loss after tax of $1.6 million for the three months ended March 31, 2024, compared to a profit of $1.6 million in the prior year, representing a decline of $3.2 million[11] Cash Flow and Assets - Operating cash flow for the period was $3.5 million, a significant improvement from a negative cash flow of $4.3 million in the same quarter of 2023[9] - Total assets decreased to $88.0 million as of March 31, 2024, down from $97.6 million at the end of 2023[17] - Cash and bank balances were $47.6 million, a decrease from $54.0 million at the end of 2023[17] - The company’s total equity was $48.3 million as of March 31, 2024, down from $51.1 million at the end of 2023[8] Inventory and Financing - Inventory levels were reported at $22.2 million, slightly down from $22.9 million in the previous year[20] - The company experienced a significant increase in financing income, which was $0.7 million compared to $1.8 million in the same period last year[4] Foreign Exchange Impact - The company recorded a foreign exchange loss of $1.3 million for the period, compared to a loss of $0.2 million in the same quarter of 2023[15]

Economic Outlook - The company anticipates ongoing challenges in the global economy for 2024, including inflation and high interest rates, which are expected to negatively impact consumer sentiment and the motorcycle manufacturing and sales industry[1]. Financial Performance - The company's revenue for the fiscal year ending December 31, 2023, was $105.1 million, a decrease of 20.9% from $132.9 million in 2022[42]. - The net profit for the fiscal year 2023 was $1.7 million, improving from a net loss of $0.2 million in 2022, representing a $1.9 million improvement[41]. - Total sales volume in Vietnam for 2023 was approximately 39.5 thousand units, a decrease of 13.0% compared to the previous year[39]. - Exports to ASEAN countries decreased, with total sales of scooters and national vehicles amounting to approximately 46.8 thousand units, down 26.9% year-on-year[39]. - The total assets as of December 31, 2023, were $106.1 million, down from $127.0 million in 2022[27]. - The total liabilities decreased to $55.0 million in 2023 from $76.1 million in 2022[27]. - The equity return rate improved to 3.3% in 2023 from a negative 0.4% in 2022[27]. - Domestic sales revenue in Vietnam decreased by 8.1% to $36.1 million for the year ended December 31, 2023, down from $39.3 million for the year ended December 31, 2022[43]. - Gross profit increased by $1.9 million to approximately $15.5 million, with a gross margin improvement of 4.5 percentage points to 14.7% for the year ended December 31, 2023[44]. - Sales cost decreased by 24.8% to $89.7 million for the year ended December 31, 2023, from $119.3 million for the year ended December 31, 2022, resulting in a sales cost ratio reduction from 89.8% to 85.3%[46]. - Net profit for the year ended December 31, 2023, was $1.7 million, an improvement of $1.9 million from a net loss of $0.2 million for the year ended December 31, 2022, resulting in a net profit margin of 1.6%[51]. - Administrative and other operating expenses increased by 11.3% to $7.9 million for the year ended December 31, 2023, from $7.1 million for the year ended December 31, 2022[54]. Strategic Initiatives - The company plans to adopt a more flexible and diversified procurement strategy for raw materials and components to reduce production costs and enhance efficiency[1]. - The company plans to launch multiple new or revamped motorcycle models in Vietnam, ASEAN countries, Europe, and the Middle East to enhance product diversification and market share[68]. - The company will continue to expand sales and maintenance service points to improve customer service and brand loyalty[68]. - The company is actively exploring markets outside ASEAN, including Europe and the Middle East, with sales in Dubai increasing by 25.3% compared to 2022[36]. - The company is committed to developing multiple electric vehicle models in addition to gasoline motorcycles, emphasizing lightweight design and user convenience[183]. Corporate Governance and Compliance - The company emphasizes high standards of corporate governance and compliance with national laws and regulations[79][80]. - The company has not changed its auditor in the past three years, with a resolution to reappoint KPMG as the auditor to be presented at the upcoming annual general meeting[109]. - The board has established an ESG governance structure to enhance management of ESG initiatives, with specific goals set for sustainable development[121]. - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules and has complied with all applicable provisions[196]. - The board of directors is responsible for monitoring the company's business and management affairs, ensuring a balanced composition of executive and non-executive directors[197]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to promoting environmental sustainability and high standards of corporate social governance[103]. - The company aims to expand the reporting scope of environmental KPIs in the future to provide a more comprehensive reflection of ESG performance[111]. - The company is focused on enhancing employee awareness and participation in ESG initiatives, including carbon reduction and community contributions[121]. - The company has engaged stakeholders through surveys and interviews to assess the importance of ESG issues relevant to its business[110]. - The company has established an ESG management framework, with a Safety and Health Committee responsible for reviewing environmental and labor safety policies[138]. Risk Management - The company faces climate-related risks, including extreme weather events that could disrupt the supply chain and increase operational costs due to stricter regulations[160]. - The company has implemented measures to enhance disaster resilience and business continuity in response to extreme weather risks[161]. - The company is addressing market and regulatory risks by planning factory relocations to comply with stricter environmental and labor standards[170]. Customer Relations and Quality Management - The company conducts annual customer satisfaction surveys and analyzes the results to improve service and maintain long-term relationships, with no customer complaints reported this year[166][175]. - The company emphasizes product quality management by implementing ISO9001 standards and conducting weekly meetings to address significant quality issues, ensuring compliance with national laws and regulations[163]. - The company has established strict quality control measures, including monthly evaluations of supplier delivery quality and adherence to environmental and labor regulations[181]. - The company has not experienced any significant quality violations or product recalls during the fiscal year ending December 31, 2023[180]. Investment and Development - The company has allocated approximately $11.7 million for the construction and establishment of a research and development center in Vietnam[76]. - The company plans to expand its distribution channels in Vietnam, with an investment of approximately $15.0 million for building new specialty stores and $4.0 million for enhancing existing distributors[76]. - The company has earmarked approximately $9.0 million for mergers and acquisitions of assets or businesses[76].

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聲明， 並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 （於開曼群島註冊成立的有限公司） （股份代號：422） 公 告 截至二零二三年九月三十日止九個月之 未經審核業績 財務摘要： （以百萬美元表示） 截至九月三十日止九個月 二零二三年 二零二二年 變動 （未經審核） （未經審核） 金額 ‧總收入 89.2 95.9 (6.7) ‧毛利 13.0 9.1 3.9 ‧稅後淨利潤／（虧損） 3.5 (0.6) 4.1 越南製造加工出口（控股）有限公司（「本公司」）謹此宣佈本公司及其附屬公司（「本集團」） ...

Sales Performance - Total sales volume in Vietnam decreased by 16.2% to approximately 15.6 thousand units for the six months ended June 30, 2023, compared to the same period last year[2]. - Revenue for the six months ended June 30, 2023, was $60.6 million, a decrease of 2.6% from $62.2 million for the same period in 2022[3]. - Revenue from motorcycle manufacturing and sales for the six months ended June 30, 2023, was $55,983,595, compared to $55,732,411 for the same period in 2022, showing a slight increase of 0.4%[75]. - Total segment revenue for the six months ended June 30, 2023, was $77,212,783, compared to $79,191,202 in the previous year, indicating a decrease of about 2.5%[75]. - The total sales of the top five foreign direct investment motorcycle manufacturers in Vietnam decreased by 13.2% year-on-year to 1,223,614 units in the first half of 2023[96]. Profitability - Net profit increased to $3.0 million for the six months ended June 30, 2023, up from $0.3 million in the same period last year, representing an increase of $2.7 million[13]. - The company recorded a net profit of $3.0 million for the six months ended June 30, 2023, an increase of $2.7 million compared to $0.3 million for the same period in 2022, resulting in a net profit margin increase from 0.6% to 5.0%[103]. - The company reported a pre-tax profit of $3,008,031 for the six months ended June 30, 2023, compared to $350,198 for the same period in 2022, indicating a substantial growth[75]. - Gross profit increased to approximately $8.5 million with a gross margin of 14.0% for the six months ended June 30, 2023, compared to a gross profit of approximately $5.7 million and a gross margin of 9.1% for the same period in 2022[80]. - For the six months ended June 30, 2023, the company reported revenue of $60,607,091, a decrease of 2.57% from $62,204,787 in the same period of 2022[125]. Expenses and Costs - Administrative and other operating expenses rose by 6.3% to $3.4 million, accounting for 5.6% of total revenue for the six months ended June 30, 2023[4]. - The cost of sales decreased by 7.6% from $56.5 million for the six months ended June 30, 2022, to $52.2 million for the same period in 2023, primarily due to a decline in overall sales volume[79]. - Distribution expenses rose by 2.4% from $2.96 million for the six months ended June 30, 2022, to $3.03 million for the same period in 2023, driven by increased transportation and packaging costs due to higher sales volume in ASEAN countries[81]. - Research and development expenses increased to $710,454 for the six months ended June 30, 2023, compared to $630,994 for the same period in 2022, indicating a focus on innovation[93]. - The company's selling cost as a percentage of total revenue decreased from 90.9% for the six months ended June 30, 2022, to 86.0% for the same period in 2023, reflecting improved cost management[79]. Financial Position - Cash and bank deposits totaled $52.4 million as of June 30, 2023, down from $55.3 million at the end of 2022[25]. - As of June 30, 2023, total equity was reported at $53,814,840, an increase from $50,882,746[47]. - As of June 30, 2023, total assets amounted to $115,175,322, a decrease of 2.4% from $118,048,536 as of December 31, 2022[59]. - Current liabilities decreased to $67,864,896 from $73,765,269, reflecting a reduction of approximately 8.0%[59]. - The company’s debt ratio improved to 75.0% as of June 30, 2023, down from 79.0% at the end of 2022, calculated as total bank loans divided by total equity[110]. Future Plans and Strategies - The company launched several new stylish models of scooters and cars in the first half of 2023 to meet the demands of young consumers and women[8]. - The company plans to continue expanding its distribution channels in Vietnam, including enhancing existing dealers and building new specialty stores[10]. - The company aims to actively develop new models and diversify its product offerings to meet consumer demand and enhance revenue[3]. - The company plans to focus on the Vietnamese student market and conduct nationwide motorcycle safety education activities to attract potential consumers[107]. - The company plans to focus on product innovation and enhance its core technology development capabilities to improve long-term profitability[135]. Compliance and Governance - The company has maintained compliance with all applicable corporate governance code provisions as of June 30, 2023[36]. - The mid-term financial report was reviewed by KPMG in accordance with the Hong Kong Institute of Certified Public Accountants' standards[39]. - The group has no provisions for Hong Kong profits tax as it did not earn any taxable income during the reporting period[143]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[40]. - The company expressed gratitude to its shareholders, suppliers, and customers for their support during the reporting period[122]. - The group’s major shareholder, Sanyang Industrial Co., Ltd., holds approximately 67.07% of the total share capital[141]. Inventory and Trade Receivables - The company recorded a significant increase in inventory write-downs, amounting to $206,256 for the six months ended June 30, 2023, compared to $26,690 for the same period in 2022[93]. - Trade receivables decreased to $18,955,035 as of June 30, 2023, from $19,740,540 as of December 31, 2022[152]. - Trade receivables from related parties amounted to $24,622 for the six months ended June 30, 2023, compared to $67,226 for the same period in 2022, reflecting a decrease[163]. Impairment and Losses - The company incurred an impairment loss of approximately $0.3 million on other properties, plants, and equipment due to poor performance in its motorcycle manufacturing and sales segments[102]. - The group reported a significant impairment loss of $255,900 for the six months ended June 30, 2023, compared to $134,352 for the same period in 2022[150]. - Inventory write-downs amounted to $206,256 for the six months ended June 30, 2023, up from $26,690 in the same period of 2022, due to slow-moving inventory[151].