Core Viewpoint - The company expects a significant decline in profit attributable to equity shareholders for the current interim period, projecting a profit range of approximately HKD 1 million to HKD 10 million, compared to HKD 62.5 million for the six months ending June 30, 2024 [1] Summary by Relevant Sections - **Profit Forecast**: The anticipated profit for the current interim period is between HKD 1 million and HKD 10 million, a stark decrease from HKD 62.5 million for the same period in the previous year [1] - **Reasons for Decline**: The primary reasons for the expected decrease in profit include: - (a) A reduction in customer demand due to a challenging and competitive market environment, leading to decreased revenue and segment profit in the garment business [1] - (b) The absence of one-time gains in the upcoming period, as the company recognized a non-recurring gain of HKD 21 million from the sale of certain land use rights and associated buildings in mainland China during the first half of 2024, which will not be repeated in the first half of 2025 [1]

Core Viewpoint - Lianya Group (00458) anticipates a significant decline in profit attributable to shareholders for the current interim period, projecting a profit between HKD 1 million and HKD 10 million, compared to HKD 62.5 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected profit attributable to shareholders is projected to be between HKD 1 million and HKD 10 million for the current interim period [1] - For the six months ending June 30, 2024, the profit attributable to shareholders was HKD 62.5 million [1] Reasons for Profit Decline - The primary reasons for the anticipated decline in profit include: - A reduction in demand from several clients due to a challenging and competitive market environment, leading to decreased revenue and segment profit in the garment business [1] - The absence of one-time gains in the first half of 2025, as opposed to a non-recurring income of HKD 21 million recognized in the first half of 2024 from the sale of certain land use rights and associated buildings in mainland China [1]

Core Viewpoint - The company expects a significant decline in profit attributable to equity shareholders for the current interim period, projecting a profit range of approximately HKD 1 million to HKD 10 million, compared to HKD 62.5 million for the same period last year [1] Group 1: Financial Performance - The projected profit for the current interim period is significantly lower than the previous year's figure, indicating a potential decrease of up to 84% [1] - The decline in profit is attributed to reduced customer demand in a challenging market environment, impacting the garment business's revenue and segment profit [1] - The company recorded a non-recurring gain of HKD 21 million from the sale of certain land use rights and associated buildings in mainland China during the first half of 2024, which will not be repeated in the first half of 2025 [1]

盈利警告 本公告乃根據《上市規則》第 13.09 條及《證券及期貨條例》第 XIVA 部項下之 內幕消息條文（定義見《上市規則》）而作出。 董事會謹此通知股東及潛在投資者，根據本集團當前中期期間之未經審核管理 賬目及目前所得資料，本集團預期就當前中期期間所錄得之本公司權益股東應 佔溢利將介乎約100萬港元至1,000萬港元之間，而2024年6月30日止六個月期間 則錄得6,250萬港元。 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之任何損失承擔任何責任。 (b) 於2024年上半年，本集團因出售中國內地之若干租賃土地使用權及附屬建築 物而確認一筆2,100萬港元之非經常性收益；而於2025年上半年並無錄得該 類一次性項目。 本集團一直與我們客戶緊密合作以監察並應對業務挑戰。憑藉我們遍及多個地 區之生產基地及靈活之供應鏈，本集團將繼續透過自動化提升生產效率並精簡 營運，從而加強其競爭力。我們致力推動本集團之可持續長遠增長。 於本公告日期，本公司仍在落實本集團當前中期期間之 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Tristate Holdings Limited 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00458 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | HKD | | 0.1 HKD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 500,000,000 | HKD | | 0.1 HKD | | 50,000,000 | FF301 本月底法定/註冊股 ...

Financial Performance - Tristate Holdings Limited reported revenue of HKD 4,183,746,000 for 2024, a slight decrease of 0.75% from HKD 4,215,667,000 in 2023[9]. - The net profit attributable to equity shareholders was HKD 156,015,000, down 8.9% from HKD 171,232,000 in the previous year[9]. - The overall gross profit for the company was HKD 1.715 billion in 2024, down 4% from HKD 1.783 billion in 2023, with a gross margin of 41.0%[32]. - EBITDA for the company was HKD 580 million in 2024, a decrease of 4% from HKD 602 million in 2023[28]. - The company's cash flow from operations was HKD 410 million in 2024, down 31% from HKD 590 million in 2023[28]. - The group's net profit attributable to equity shareholders was HKD 156 million in 2024, down from HKD 171 million in 2023[22]. Business Segment Performance - The apparel business continued to show strong performance, benefiting from increased customer orders, leading to a robust revenue and profit contribution[9]. - Nautica's revenue decreased by 20% compared to the post-pandemic growth in 2023, prompting the brand to close underperforming stores[12]. - Spyder's revenue decreased by 10%, while Reebok's revenue fell by 19% in 2024 compared to the previous year[13]. - The group's brand business revenue was HKD 2.025 billion in 2024, a decrease of 11% from 2023, with net losses increasing[14]. - The apparel business generated revenue of HKD 2.158 billion, representing a 12% increase compared to 2023, contributing strong profits[15]. Operational Strategies - The company plans to further expand production capacity in Vietnam in 2025 to meet rising demand[9]. - The group plans to enhance brand awareness and expand customer base for C.P. Company despite a soft market outlook[16]. - The company aims to enhance brand awareness and expand customer base through marketing strategies and collaborations despite a soft market outlook[42]. - The company is focused on improving operational efficiency and controlling costs in response to challenges in the global economic environment[43]. Corporate Governance - The board of directors consists of eight members, including one executive director and four independent non-executive directors, ensuring a 50% independence ratio[59]. - The company has adhered to the Corporate Governance Code, with a deviation regarding the roles of the chairman and CEO being held by the same individual[54][57]. - The nomination committee evaluates the independence of non-executive directors annually, ensuring compliance with the listing rules[60]. - The board meets at least four times a year, with regular meetings scheduled quarterly[71]. Sustainability and Environmental Initiatives - The company aims to promote responsible production in the apparel industry, exceeding legal requirements to create long-term sustainable value for stakeholders[119]. - The company reported a commitment to sustainable development practices integrated across various operational areas, enhancing its business capabilities[119]. - The company emphasizes reducing carbon emissions and waste during production to promote sustainability[126]. - The company aims to reduce energy consumption density by 8%, water consumption density by 5%, and greenhouse gas emissions density by 9% by 2025, using 2021 as the baseline[140]. Employee and Community Engagement - The company emphasizes equal opportunities for both genders in recruitment, employee development, and promotion[68]. - The company invests in employee development through training programs covering industry knowledge and safety standards, continuously assessing learning needs[182]. - The company has established a confidential reporting policy to encourage employees to report unethical behavior, ensuring protection for whistleblowers[186]. - C.P. Company made donations to the Eleonora Cocchia Vivere a Colori ONLUS Association for cancer research and prevention efforts[189]. Risk Management and Compliance - The company has implemented a zero discharge of hazardous chemicals (ZDHC) wastewater guideline and conducts annual testing to ensure compliance with industry standards[168]. - The board monitors ESG-related risks and ensures strategies are effective and appropriate[131]. - The company has established mechanisms to ensure independent opinions are considered in board decisions, with independent directors actively participating in meetings[60]. - The company maintains a zero-tolerance policy towards corruption and fraud, adhering to applicable anti-corruption laws and providing clear guidelines for employees[185][187].

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 4,183,746, a slight decrease from HKD 4,215,667 in 2023, representing a decline of approximately 0.76%[3] - Profit attributable to equity shareholders was HKD 156,015, down from HKD 171,232 in 2023, reflecting a decrease of about 8.9%[4] - Basic and diluted earnings per share were both HKD 0.57, compared to HKD 0.63 in the previous year, indicating a decline of approximately 9.5%[3] - The total comprehensive income for the year was HKD 120,336, a decrease from HKD 184,550 in 2023, representing a decline of about 34.8%[5] - The group’s annual profit for 2024 was HKD 162,939 thousand, compared to HKD 180,173 thousand in 2023, reflecting a decrease of about 9.5%[18] - Total revenue for 2024 was HKD 4,183,746,000, a slight decrease from HKD 4,215,667,000 in 2023[22] - Revenue from China was HKD 1,193,708,000 in 2024, down from HKD 1,358,669,000 in 2023, representing a decrease of approximately 12.1%[22] - The overall gross profit was HKD 1.715 billion in 2024, down from HKD 1.783 billion in 2023, resulting in a gross margin of 41.0%[51] Dividends - The company declared a final dividend of HKD 0.17 per share[4] - The company declared a proposed final dividend of HKD 0.17 per share for 2024, down from HKD 0.19 per share in 2023[32] - The total dividend for the year will amount to HKD 0.23 per share, compared to HKD 0.25 in 2023[80] - The company declared an interim dividend of HKD 0.06 per share for 2024, consistent with 2023[79] Assets and Liabilities - Non-current assets decreased to HKD 1,191,504 from HKD 1,272,954 in 2023, a reduction of approximately 6.4%[6] - Current assets decreased to HKD 1,784,754 from HKD 1,843,724 in 2023, reflecting a decline of about 3.2%[6] - Total liabilities decreased to HKD 743,355 from HKD 804,497 in 2023, indicating a reduction of approximately 7.6%[6] - The company's net assets increased to HKD 1,255,923 from HKD 1,205,058 in 2023, representing an increase of about 4.2%[6] - The group’s total assets decreased to HKD 2,976,258 thousand in 2024 from HKD 3,116,678 thousand in 2023, a decline of about 4.5%[20] - Total liabilities for the group decreased to HKD 1,720,335 thousand in 2024 from HKD 1,911,620 thousand in 2023, a reduction of approximately 10.0%[20] Segment Performance - The group reported segment revenue for the Apparel division of HKD 2,350,053 thousand in 2024, up from HKD 2,036,739 thousand in 2023, representing an increase of approximately 15.4%[18] - The Brand business segment revenue decreased to HKD 2,025,773 thousand in 2024 from HKD 2,283,328 thousand in 2023, a decline of about 11.3%[18] - The group’s EBITDA for the Apparel segment increased to HKD 317,317 thousand in 2024 from HKD 279,595 thousand in 2023, an increase of around 13.5%[18] - The Brand segment reported an EBITDA of HKD 224,547 thousand in 2024, down from HKD 303,904 thousand in 2023, a decrease of approximately 26.1%[18] Impairments and Losses - The company reported a net loss of HKD 24,543,000 from impairment of property, plant, and equipment in 2024, compared to a loss of HKD 6,176,000 in 2023[28] - The company recorded a net impairment loss of HKD 25 million on property, plant, and equipment, a significant increase from HKD 6 million in 2023[52] Cash Flow and Financing - Cash flow from operations decreased by 31% to HKD 410 million in 2024[47] - Financing income increased to HKD 3,853,000 in 2024 from HKD 3,516,000 in 2023, reflecting a growth of approximately 9.6%[30] - The total tax expense for 2024 was HKD 83,717,000, compared to HKD 67,244,000 in 2023, indicating an increase of about 24.6%[30] Strategic Initiatives - The company plans to enhance its e-commerce performance by taking over its online platform from third-party partners starting May 2024[42] - The company plans to expand its production capacity in Vietnam in 2025 to meet rising demand[46] - The company is reviewing its franchise brand portfolio and may adjust its business strategy for Reebok[45] - The company aims to enhance brand awareness and expand customer base through marketing strategies and collaborations, focusing on existing wholesale markets and further expanding distribution networks in Europe and overseas[61] Risk Management - The group has established a corporate risk management mechanism to identify, assess, and manage risks, including environmental, social, and governance risks[63] - Key risks include macroeconomic environment, rising costs, and changes in business partner strategies, which could impact operations and financial stability[64] - The group actively monitors local government policies and regulatory changes to mitigate risks associated with legal and tax regulations[66] Governance and Compliance - The company has adhered to the principles of the Corporate Governance Code, with a noted deviation regarding the roles of the Chairman and CEO[75] - The company’s financial statements for the year ending December 31, 2024, have been reviewed by the audit committee alongside the management[74] - The group emphasizes a culture of attracting, motivating, and retaining talent, offering competitive compensation and benefits[70] Employee and Social Responsibility - The group employed approximately 6,530 staff as of December 31, 2024, an increase from 6,370 in 2023, with competitive compensation and benefits provided[60] - The company has been participating in various charitable activities, including donations to the Salvation Army, reflecting its commitment to social responsibility[72]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 1,926,401, a decrease of 6.3% compared to HKD 2,055,381 for the same period in 2023[9]. - Gross profit for the same period was HKD 794,933, down 9.4% from HKD 877,319 in 2023[9]. - Operating profit decreased to HKD 125,387, a decline of 14.5% from HKD 146,614 in the previous year[9]. - Profit before tax was HKD 97,141, down 15.5% from HKD 114,985 in 2023[9]. - Net profit for the period was HKD 63,903, a decrease of 18.1% compared to HKD 78,105 in the same period last year[9]. - Basic earnings per share for the period was HKD 0.23, down from HKD 0.27 in 2023[9]. - Total revenue for the group was HKD 1,993,621,000, compared to HKD 2,095,573,000 in the prior period, reflecting a decrease of 4.9%[17]. - The group reported a net profit of HKD 63,903,000, down from HKD 78,105,000, indicating a decline of 18.1%[17]. Assets and Liabilities - Total assets as of June 30, 2024, were HKD 1,824,950, slightly down from HKD 1,843,724 at the end of 2023[11]. - As of June 30, 2024, the total equity amounted to HKD 1,177,650, a decrease of 2.3% from HKD 1,205,058 as of December 31, 2023[12]. - The company's non-current liabilities decreased to HKD 775,119 as of June 30, 2024, down from HKD 804,497 at the end of 2023, reflecting a reduction of 3.6%[12]. - Current liabilities decreased to HKD 1,123,794 from HKD 1,107,123 at the end of 2023, reflecting a slight increase in financial stability[11]. - Cash and bank balances decreased to HKD 182,822,000 as of June 30, 2024, down 60.5% from HKD 462,655,000 as of December 31, 2023[47]. Inventory and Receivables - Inventory increased to HKD 952,122,000, up from HKD 741,108,000 at the end of 2023, indicating a 28.4% rise[11]. - The company experienced an increase in inventory write-downs to HKD 27,564 for the six months ended June 30, 2024, compared to HKD 16,622 in the previous year, representing a 65.5% increase[15]. - Accounts receivable as of June 30, 2024, amounted to HKD 401,677,000, a decrease of 4.3% from HKD 421,889,000 as of December 31, 2023[45]. - The aging of accounts receivable shows that amounts less than 3 months increased to HKD 572,031,000 from HKD 523,316,000, representing a growth of 9.3%[45]. Segment Performance - Revenue for the apparel segment reached HKD 1,040,680,000, an increase from HKD 966,921,000 in the previous year, representing a growth of 7.6%[17]. - Brand business revenue was HKD 952,941,000, down from HKD 1,128,652,000, indicating a decline of 15.6%[17]. - The pre-tax profit for the apparel segment was HKD 122,085,000, compared to HKD 124,548,000 in the previous year, showing a decrease of 2.0%[17]. - Nautica's revenue decreased by 20% in the first half of 2024 compared to the same period in 2023, reflecting a weaker domestic market in China and cautious consumer spending[63]. - Reebok's revenue in the first half of 2024 decreased by 17% compared to the previous year, attributed to slowing consumer demand and ongoing brand restructuring efforts[63]. Cash Flow and Dividends - The operating cash flow for the six months ended June 30, 2024, was a net cash outflow of HKD 212,768, a significant decline from a net inflow of HKD 82,267 in the prior year[15]. - The company paid dividends to non-controlling interests amounting to HKD 3,309 during the period[13]. - The interim dividend declared on August 26, 2024, is HKD 0.06 per share, consistent with the previous year[34]. Shareholder Information - The total issued and fully paid ordinary shares increased to 272,601,253 as of June 30, 2024, from 271,607,253 as of December 31, 2023[54]. - The company’s major shareholder, New Perfect Global Limited, holds 182,577,000 shares, also accounting for approximately 66.98% of the total issued share capital[75]. - The company has a stock option plan adopted on June 6, 2016, to grant options to eligible persons to subscribe for shares[77]. Corporate Governance - The company has adhered to the principles of the Corporate Governance Code, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[83]. - All directors confirmed compliance with the Standard Code for securities trading during the reporting period[85]. - The audit committee reviewed the interim financial statements for the six months ended June 30, 2024[90].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 1.926 billion, a decrease from HKD 2.055 billion in the same period of 2023, representing a decline of approximately 6.3%[2] - Profit attributable to equity shareholders for the same period was HKD 63.9 million, down from HKD 78.1 million in 2023, reflecting a decrease of about 18.1%[2] - Basic and diluted earnings per share for the period were HKD 0.23, compared to HKD 0.27 in the previous year, indicating a decline of approximately 14.8%[2] - Total comprehensive income for the period was HKD 25.978 million, significantly lower than HKD 71.953 million in 2023, marking a decrease of around 63.9%[3] - The company reported a pre-tax profit of HKD 97,141,000 for the total segments in 2024, down from HKD 114,985,000 in 2023, reflecting a decrease of approximately 15.5%[8] - The company’s net profit for the period was HKD 63,903,000 in 2024, compared to HKD 78,105,000 in 2023, indicating a decrease of approximately 18.2%[8] - The total tax expense for the six months ended June 30, 2024, was HKD 33,238,000, slightly down from HKD 36,880,000 in 2023, reflecting effective tax management[20] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 583.854 million, a slight decrease from HKD 587.387 million at the end of 2023[4] - Current assets were HKD 1.252 billion, down from HKD 1.273 billion at the end of 2023, reflecting a decrease of approximately 1.7%[4] - Current liabilities amounted to HKD 1.124 billion, an increase from HKD 1.107 billion at the end of 2023, indicating a rise of about 1.5%[4] - The net asset value as of June 30, 2024, was HKD 1.178 billion, down from HKD 1.205 billion at the end of 2023, representing a decrease of approximately 2.2%[4] - The total assets for the reporting segments amounted to HKD 3,076,563,000 as of June 30, 2024, compared to HKD 3,116,678,000 at the end of 2023, indicating a decrease of about 1.3%[10] - The total liabilities for the reporting segments were HKD 1,898,913,000 in 2024, a slight decrease from HKD 1,911,620,000 in 2023, reflecting a reduction of approximately 0.7%[10] Revenue Breakdown - Revenue from China for 2024 was HKD 580,312,000, down from HKD 638,816,000 in 2023, marking a decline of about 9.1%[12] - The revenue from the brand business was HKD 952,806,000 in 2024, a decrease from HKD 1,128,652,000 in 2023, representing a decline of about 15.6%[8] - Nautica's revenue decreased by 20% in the first half of 2024, while Reebok's revenue fell by 17% due to weak consumer demand and ongoing brand restructuring[38] - The apparel segment generated revenue of HKD 974 million, an increase of 5% from HKD 927 million in the first half of 2023, with advanced manufacturing business revenue rising by 15%[38] Expenses and Costs - Operating profit for the six months ended June 30, 2024, was impacted by employee costs totaling HKD 373,354,000, an increase of 3.3% from HKD 359,317,000 in 2023[18] - Financing costs for the brand business increased to HKD 628,000 in 2024 from HKD 256,000 in 2023, indicating a significant rise in financing expenses[8] - Financing costs for the six months ended June 30, 2024, amounted to HKD 30,383,000, a decrease from HKD 32,617,000 in the same period of 2023[19] - Selling and distribution expenses decreased due to reduced commissions and store costs following the optimization of Nautica's store network[41] - General and administrative expenses were lower compared to the first half of 2023, attributed to increased foreign exchange gains and cost control measures[42] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.06 per share for the period[2] - The interim dividend declared was HKD 0.06 per share, consistent with the previous year, resulting in total dividends of HKD 16,356,000 for the six months ended June 30, 2024[23] Strategic Initiatives and Market Position - The company has applied new and revised Hong Kong Financial Reporting Standards during the reporting period, but these changes did not impact the financial performance or position significantly[6] - The company has entered into a share option agreement to acquire a 45% stake in MO IP Srl for EUR 3,435,000, equivalent to HKD 5,924,000, indicating strategic expansion efforts[24] - The company has established eight directly operated retail stores for C.P. Company in major cities in China, including Beijing and Shanghai, as part of its market expansion strategy[33] - The company has entered into a 10-year franchise agreement to use certain trademarks related to the MASSIMO OSTI brand, with an option to acquire 45% of the issued share capital of MO IP Srl for EUR 3,435,000 if exercised within the specified period[32] - The company plans to enhance brand visibility and long-term value through increased marketing spending for C.P. Company in the first half of 2024[32] - The company expects a stronger performance in the second half of the year due to seasonal demand for apparel and brand products[38] - The company plans to expand its e-commerce presence and open more direct retail stores in major European markets[47] - The company aims to enhance brand image and sales for its licensed brands, Nautica and Spyder, despite recent weak consumer demand[47] - The company is focused on operational efficiency, brand innovation, and product optimization to strengthen competitiveness and create long-term value[47] - The company has sufficient cash and available bank credit facilities to support operational funding needs[47] - The company will continue to streamline operations and improve production efficiency through automation to maintain competitiveness in the garment business[47] Governance and Leadership - The board consists of one executive director, Wang Jianzhong, and three non-executive directors, including Wang Gu Yizhen, Mai Wang Yongyi, and Wang Suizhong, along with four independent non-executive directors[53] - The announcement date is August 26, 2024, indicating the company's ongoing governance structure[53] - The company is led by Chairman and CEO Wang Jianzhong, highlighting leadership continuity[53] - The board composition reflects a diverse range of expertise with both executive and independent members[53] - The presence of independent directors suggests a commitment to corporate governance and accountability[53] - The company is positioned for strategic decision-making with a well-rounded board[53] - The announcement does not provide specific financial metrics or performance indicators for the current period[53] - Future outlook and strategic initiatives are not detailed in the provided content[53] - No information on new products, technologies, market expansion, or acquisitions is available in the document[53] - The focus remains on board structure and governance rather than financial performance or market strategies[53]

Employee Statistics and Training - The total number of employees is categorized by gender, employment type (full-time or part-time), age group, and region[1] - Employee turnover rate is reported by gender, age group, and region[1] - The percentage of employees trained is categorized by gender and employee type (e.g., senior management, middle management)[1] - The average training hours completed per employee are reported, categorized by gender and employee type[1] Safety and Health - The number of work-related fatalities and the corresponding rate over the past three years, including the reporting year, is documented[1] - The number of workdays lost due to work-related injuries is provided[1] Corporate Governance - The board currently has a female representation of approximately 38%[10] - The audit committee held three meetings during the year ending December 31, 2023, focusing on the independence and performance of external auditors[20] - The internal audit department conducts ongoing independent assessments of the group's risk management and internal control systems[26] - The board has adopted a standard code as written guidelines regarding employee trading of the company's securities[29] - The board is responsible for overseeing the company's environmental, social, and governance (ESG) strategies and reporting, ensuring effective risk management[48] - The board has reviewed the adequacy of the risk management and internal control systems, confirming their effectiveness[55] - The board has established a policy to handle insider information, ensuring compliance with applicable laws and regulations[55] Sustainability and Environmental Initiatives - The company emphasizes the importance of sustainability in its operations, aiming to meet the high expectations of international brand clients regarding supply chain sustainability[46] - The company is committed to enhancing stakeholder engagement to better understand their needs and expectations[45] - The company is focused on expanding its ESG measures to improve its sustainable development capabilities[40] - The company is committed to sustainable development principles across all business units, integrating environmental, social, and governance measures into operations[66] - The company actively engages with stakeholders to understand their concerns and expectations, which is crucial for its sustainable development[77] - The company aims to enhance resource efficiency by managing internal monitoring across major environmental areas to reduce emissions[104] - The company has implemented energy-saving measures, including the deactivation of two transformers in the Hefei factory to reduce energy consumption[108] - The company is focused on improving the insulation of steam pipelines and valves to minimize energy loss to the environment[111] - The company has upgraded to variable frequency cooling units, which maintain reliable operation while reducing annual energy consumption[112] - The internal audit department reviews collected environmental data to ensure reliability and compliance with local regulations[114] - The company seeks to reduce water consumption by changing employee behavior and maintaining hardware facilities[117] - The company encourages the use of renewable energy and energy-efficient products in its properties and offices[104] - The company has implemented a carbon reduction operational model to align with global sustainability trends and meet increasing expectations from customers and investors[161] - The company has been assessing its greenhouse gas emissions since 2018, adopting guidelines for quantifying emissions based on the Hong Kong Environmental Protection Department's standards[162] Financial Performance and Projections - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% growth compared to the previous year[144] - User data showed a rise in active users to 1.2 million, marking a 15% increase year-over-year[144] - The company provided an optimistic outlook, projecting a revenue growth of 25% for the next fiscal year, aiming for $625 million[144] - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[144] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[144] - A strategic acquisition of a smaller competitor is anticipated to enhance the company's product offerings and increase market competitiveness[144] - Research and development investments have increased by 30%, totaling $15 million, to drive innovation in product development[144] - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% over the next year[144] - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[144] Dividends and Shareholder Information - The total dividend for the year will amount to HKD 0.25 per share, which includes an interim dividend of HKD 0.06 per share paid on September 29, 2023[148] - The company plans to pay the final dividend on July 16, 2024, pending shareholder approval at the upcoming annual general meeting[148] - As of December 31, 2023, the company's reserves were HKD 448,741,000, compared to HKD 448,649,000 in 2022, while retained earnings increased to HKD 657,433,000 from HKD 554,819,000 in 2022[148] Community and Social Responsibility - The group made charitable donations totaling HKD 178,000 in 2023, a decrease from HKD 565,000 in 2022[90] - The company focuses on community investment in areas such as education, health, and environmental issues[140] Compliance and Ethical Standards - The company has implemented policies to prevent child labor and forced labor, ensuring compliance with relevant laws and regulations[139] - The company has established measures to identify environmental and social risks in each segment of the supply chain[140] - The company has policies in place to ensure consumer data protection and privacy[140] - The company has not recorded any cases of bribery, extortion, fraud, or money laundering during the reporting period[140] - The company emphasizes the importance of anti-corruption training for its directors and employees[140] - The company has established a zero-tolerance policy towards corruption and fraud, adhering to relevant anti-corruption laws[196] - The company expects suppliers to consider environmental factors and adopt fair recruitment practices[198] - The company complies with international standards such as SRCCS and RDS for sustainable practices and animal welfare[199][200] Energy Consumption and Emissions - Energy consumption per standard unit in Hefei, China decreased by 19.18% from 20.1712 kWh to 16.3030 kWh[84] - Energy consumption per standard unit in Panyu, China (Factory 1 and 2) decreased by 6.57% from 13.2730 kWh to 12.4007 kWh[84] - Energy consumption per standard unit in Thailand increased by 7.95% from 9.4591 kWh to 10.2107 kWh[84] - Overall energy consumption per standard unit across the reported factories decreased by 6.47% from 13.76 kWh to 12.8695 kWh[84] - The company implemented a new cooling system in the Panyu factory to enhance energy efficiency by partially recovering waste steam[84] - The company reduced corridor lighting by half in the Vietnam factory to avoid excessive illumination[85] - The company installed insulation layers on the rooftops of the Panyu factory and planted vegetation to reduce air conditioning needs and energy consumption[86] - The company installed solar light tubes in the Hefei factory to utilize natural sunlight for indoor lighting[87] - The company achieved a water consumption reduction of 17.85% in its Hefei facility, with a consumption rate of 0.1841 cubic meters per standard piece compared to 0.2241 in 2021[157] - The total water consumption for 2023 was 279,696 cubic meters, an increase of 4.3% from 266,782 cubic meters in 2022[176] - The water consumption density for the headquarters increased to 10.62 cubic meters per employee in 2023, up from 9.28 cubic meters in 2022, indicating a rise of 14.4%[176] - Direct greenhouse gas emissions for 2023 totaled 3,315.46 tons CO2 equivalent, an increase of 5.4% from 3,146.06 tons in 2022[180] - The emissions from the Panyu plant in China increased to 1,410.44 tons CO2 equivalent in 2023, up 19.5% from 1,180.49 tons in 2022[180] - The company replaced old diesel boilers in the Panyu and Thailand plants with natural gas and liquefied petroleum gas boilers to reduce emissions[165] - The company implemented a real-time monitoring system for wastewater discharge points to ensure compliance with new municipal regulations[175] - The company adopted the Zero Discharge of Hazardous Chemicals (ZDHC) wastewater guidelines and conducts annual testing to meet industrial standards[165] - Total greenhouse gas emissions for 2023 were 8,798.14 tons CO2 equivalent, a decrease of 2.98% from 9,068.61 tons in 2022[163] - The carbon emissions density for the headquarters decreased to 0.95 tons CO2 equivalent per employee in 2023, down from 1.13 tons in 2022, representing a reduction of 15.9%[163] - Greenhouse gas performance improved by 20.64% in Hefei, China, with CO2 emissions per standard piece reduced to 7.279 kg from 9.172 kg in 2021[183] - Total CO2 emissions per standard piece across facilities decreased by 11.38%, from 5.290 kg in 2021 to 4.688 kg in 2023[183] - The company has implemented a waste fabric recycling program in Panyu and Thailand since 2020, expanding to Hefei and Vietnam in 2021[185] - The production process does not involve dyeing, resulting in minimal harmful waste generation[186]