Financial Performance - The company reported a significant increase in revenue, achieving a total of $XX million, representing a YY% growth compared to the previous year[2]. - Revenue for the year ended 31 December 2021 was approximately HK$926.5 million, representing an increase of 7.3% compared to approximately HK$863.6 million for the year ended 31 December 2020[49]. - Loss attributable to owners of the Company for the year ended 31 December 2021 was approximately HK$25.4 million, compared to a loss of approximately HK$12.6 million for the year ended 31 December 2020[49]. - The Group's profit margins have declined due to increased material costs, including copper, aluminum, and plastic, amid global shortages of microchips and integrated circuits[8]. - The Group's gross profit ratio decreased from 13.77% in 2020 to 13.08% in 2021 due to increased material costs and a global shortage of chips and integrated circuits caused by the Pandemic[19]. User Engagement - User data showed an increase in active users, reaching ZZ million, which is an increase of AA% year-over-year[2]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting revenue growth of BB%[2]. - New product launches are expected to contribute an additional $CC million in revenue, with a focus on innovative technology[2]. - The company plans to focus on exploring new business opportunities in Europe, North America, and Asia in the future[31]. Market Expansion - The company is expanding its market presence in the Asia-Pacific region, targeting a growth rate of DD% in that market[2]. - The Group aims to diversify income sources by identifying business opportunities in emerging markets and other sectors to weather adverse economic cycles[12]. Acquisitions and Investments - Recent acquisitions are anticipated to enhance the company's capabilities and are expected to add $EE million to the annual revenue[2]. - The Group has been gradually outsourcing production to suppliers in Vietnam since 2018 to enhance investment returns from its production plants[12]. - The Group is exploring new business opportunities in South Asia for cross-selling LNBs to existing customers[25]. Research and Development - The company is investing in R&D, allocating $FF million to develop new technologies and improve existing products[2]. - The research and development team is based in Hsinchu, Taiwan, focusing on the development of new 5G products to create more business opportunities and revenue[17]. - The Group's R&D team is focused on developing new products for next-generation radio and antenna communications[25]. Operational Efficiency - The management discussed strategies to improve operational efficiency, aiming for a reduction in costs by GG%[2]. - The average turnover days for the Group improved to 100 days in 2021 from 125 days in 2020, reflecting enhanced operational efficiency[55]. Sustainability Initiatives - The board emphasized the importance of sustainability initiatives, committing to invest $II million in eco-friendly practices[2]. Financial Health - The Group's total borrowings decreased to approximately HK$390.9 million in 2021 from HK$421.2 million in 2020, with a gearing ratio reduction from 46.99% to 38.43%[59]. - The Group's cash and cash equivalents increased to HK$111.4 million in 2021, compared to HK$88.9 million in 2020[59]. - The current ratio improved to 0.99 in 2021 from 0.66 in 2020, indicating better short-term financial health[59]. Corporate Governance - The company emphasizes the importance of good corporate governance to enhance shareholder value and ensure long-term benefits[87]. - The Company complied with the Corporate Governance Code provisions for the year ended December 31, 2021, except for a deviation due to resignations of independent non-executive Directors[88]. - The company has improved its corporate governance practices, focusing on maintaining a strong board and robust risk management, which is expected to benefit shareholders in the long term[91]. Risk Management - The Group is currently facing significant commercial risks due to the ongoing trade war between the PRC and the US, impacting its operations and major customers[194]. - To mitigate the impact of the trade war, the Group is strengthening supply chain management by encouraging suppliers to establish new production facilities in Vietnam[194]. - The Group maintains a level of operating cash flows deemed adequate to finance daily operations and mitigate cash flow fluctuations[196]. Shareholder Information - The Rights Issue raised approximately HK$68.9 million before expenses by issuing 164,053,830 Rights Shares at a subscription price of HK$0.42 per share, representing a discount of approximately 16.00% to the theoretical closing price[44]. - The shareholding structure post-Rights Issue shows substantial shareholders maintaining their respective percentages, with public shareholders decreasing from 47.2% to 36.3%[46].

Financial Performance - The Group's financial performance improved for the six months ended June 30, 2021, despite ongoing negative impacts from the COVID-19 pandemic[16] - Profit margins declined compared to the same period in 2020 due to global shortages of chips and increased material costs, including copper, aluminum, and plastic[16] - Revenue for the six months ended June 30, 2021, was approximately HK$554.5 million, representing an increase of 16.3% compared to HK$476.7 million for the same period in 2020[65] - Profit attributable to owners of the Company was approximately HK$0.1 million for the six months ended June 30, 2021, compared to a loss of approximately HK$1.2 million for the same period in 2020[65] - Basic earnings per share for the six months ended June 30, 2021, was HK$0.03, compared to a loss per share of HK$0.38 for the same period in 2020[65] Impact of COVID-19 - The pandemic caused delays in shipments to North American customers due to production issues with suppliers in Vietnam[16] - Dish Media's subscriber count experienced a slight decline due to the impact of the COVID-19 variant on Nepal's tourism industry, yet it generated stable subscription revenue in the first half of 2021[20] Revenue Segments - Revenue from the media entertainment platform related products segment increased by 6.1% compared to the six months ended June 30, 2020, reaching approximately HK$78.7 million[30] - Revenue from the other multimedia products segment increased by 17.3% to approximately HK$128.3 million compared to HK$109.4 million for the six months ended June 30, 2020[36] - Revenue from the satellite TV equipment and antenna products segment was approximately HK$347.5 million, an increase from HK$293.1 million for the six months ended June 30, 2020[43] - North America segment revenue for the six months ended 30 June 2021 was approximately HK$322.6 million, a 16.7% increase compared to HK$276.4 million for the same period in 2020[51] - Asia accounted for approximately 25.5% of the Group's total revenue for the six months ended June 30, 2021, up from 14.5% in the same period in 2020[46] Costs and Margins - The Group's gross profit margin decreased from 13.12% for the six months ended June 30, 2020, to 10.46% for the six months ended June 30, 2021, attributed to rising material costs and a global chip shortage[25] - The segment margin for media entertainment platform related products was 7.08%, down 0.75 percentage points from 7.83% in the previous year due to low profit margins from small home appliance trading[30] - The segment margin for other multimedia products decreased to 5.79%, down 3.41 percentage points from 9.20% for the six months ended June 30, 2020[36] - The segment margin for satellite TV equipment and antenna products decreased to 9.69%, down 1.63 percentage points from 11.32% for the six months ended June 30, 2020[43] Capital and Financing - A capital reorganization and rights issue were proposed on April 28, 2021, to strengthen the financial position and improve liquidity, with the rights issue completed on July 21, 2021[25] - The Company raised approximately HK$68.9 million from the Rights Issue, with net proceeds of approximately HK$66.3 million after expenses[57] - The net price per Rights Share was approximately HK$0.40, representing a discount of approximately 16.00% to the theoretical closing price of HK$0.50 per Adjusted Share[57] - The Company intends to use the net proceeds from the Rights Issue for partial repayment of outstanding loans[60] Trade and Receivables - Trade receivables as of June 30, 2021, were approximately HK$238.9 million, an increase from HK$122.5 million as of December 31, 2020[70] - Trade payables as of June 30, 2021, were approximately HK$304.7 million, an increase from HK$208.1 million as of December 31, 2020[73] - Average turnover days for trade receivables decreased to 59 days in 2021 from 76 days in 2020[70] - Average turnover days for trade payables decreased to 94 days in 2021 from 120 days in 2020[73] Assets and Liabilities - As of June 30, 2021, the Group's net asset value was HK$46.8 million, down from HK$53.5 million as of December 31, 2020, resulting in a net asset value per share of HK$0.14 compared to HK$0.16 previously[16] - The Group's total cash and cash equivalents increased to HK$99.7 million as of June 30, 2021, from HK$88.9 million as of December 31, 2020[16] - Total borrowings rose to approximately HK$457.8 million as of June 30, 2021, up from HK$421.2 million as of December 31, 2020, with 81.5% denominated in US dollars[16] - The gearing ratio decreased from 47.0% as of December 31, 2020, to 44.5% as of June 30, 2021[16] Corporate Governance - The Company has complied with the Corporate Governance Code provisions during the six months ended June 30, 2021, except for certain deviations[195] - Following the resignation of two independent non-executive directors, the Company initially had only one INED, failing to meet the requirement of at least three INEDs on the Board[195] - After appointing two new INEDs on August 24, 2021, the Company fully complied with the requirements under the Listing Rules[195] - The Company has confirmed compliance with the Model Code regarding securities transactions by Directors for the six months ended 30 June 2021[199] Employment and Shareholding - As of June 30, 2021, the Group employed a total of 667 full-time employees, an increase from 646 as of December 31, 2020[108] - The interests of Mr. Hung Tsung Chin in the Company include 50,718,859 shares, representing 15.46% of the issued share capital[114] - Mr. Chen Wei Chun holds 350,000 shares in Pro Brand Technology, Inc., a non-wholly owned subsidiary of the Company[125] - The total number of shares held by Mr. Hung Tsung Chin in Pro Brand Technology, Inc. is 450,000, representing 0.57% of the issued share capital[126]

B SANDMARTIN INTERNATIONAL HOLDINGS LIMITED 聖 馬 丁 國 際 控 股 有 限 公 司 * INCORPORATED IN BERMUDA WITH LIMITED LIABILITY 於百慕逵註冊成立之有限公司 Stock Code 股份代號 : 482 2020 | 年報 ANNUAL REPORT * For identification purpose only 佳供談別 CONTENTS 目 錄 Corporate Information 公司資料 2 Chairman's Letter to Shareholders 主席致股東報告 4 Business Overview and Management Discussion 業務概覽及管理層討論與分析 6 and Analysis Financial Review 財務回顧 18 Corporate Governance Report 企業管治報告 24 Biographies of Directors and Senior Management 董事及高级管理層之履歷 50 Report of the ...

SANDMARTIN INTERNATIONAL HOLDINGS LIMITED 聖 馬 丁 國 際 控 股 有 限 公 司 * INCORPORATED IN BERMUDA WITH LIMITED LIABILITY 於百慕達註冊成立之有限公司 Stock Code 股份代號 : 482 2020 中期報告 INTERIM REPORT * For identification purpose only 佳供識別 CONTENTS 2 4 6 11 17 31 33 35 37 38 | --- | --- | |----------------------------------------------------------|----------------------| | | | | Corporate Information | 公司資料 | | Chairman's Letter to Shareholders | 主席致股東報告 | | Management Discussion and Analysis | 管理層討論與分析 | | Financial Review | 財務回顧 | ...

ANNUAL REPORT 2019 年報 SANDMARTIN INTERNATIONAL HOLDINGS LIMITED 聖馬丁國際控股有限公司* SANDMARTIN INTERNATIONAL HOLDINGS LIMITE D 聖馬丁國際控股有限公司* SANDMARTIN INTERNATIONAL HOLDINGS LIMITED 聖馬丁國際控股有限公司* INCORPORATED IN BERMUDA WITH LIMITED LIABILITY 於百慕達註冊成立之有限公司 Stock Code 股份代號 : 482 2019 ANNUAL REPORT 年報 * For identication purpose only 僅供識別 CONTENTS 2 4 6 14 19 46 53 70 78 80 82 84 86 244 | --- | --- | |----------------------------------------------------------|----------------------------| | | | | Corporate Information ...

Financial Performance - The Group's financial performance improved over the past six months despite uncertainties from the China-United States trade war[11]. - Revenue from continuing operations for the six months ended 30 June 2019 was approximately HK$667.6 million, representing a decline of 6.8% compared to HK$716.7 million for the same period in 2018[58]. - Profit attributable to owners of the Company from continuing and discontinued operations was approximately HK$146.0 million for the six months ended 30 June 2019, compared to a loss of approximately HK$62.9 million for the same period in 2018[58]. - Basic earnings per share from continuing and discontinued operations was HK4.45 cents for the six months ended 30 June 2019, compared to a loss per share of HK1.92 cents for the same period in 2018[58]. - The decrease in revenue was mainly due to the underperformance of the Group's satellite TV equipment and antenna segment[58]. Operational Efficiency - The efficiency of the Group's operations and profitability increased due to cost-saving measures and streamlining of manufacturing workflows[11]. - The Group's operations benefited from outsourcing production to subcontractors[11]. - The Group is strengthening its supply chain management to mitigate the impact of tariffs imposed by the United States on products from China[11]. Product Development - The Group is developing new 5G related products, including small cell technology and next generation radio frequency and antenna products[11]. - The research and development team is working on these new products at the research center in Hsinchu, Taiwan[11]. - The Group anticipates that the growth will depend on business opportunities arising from new 5G peripherals and related products[11]. - New products, including retractable chargers and ultraviolet light sterilizers, are set to launch in the second half of 2019[28][32]. - The Group aims for new 5G products to generate more business opportunities and revenue[11]. Market Performance - Segment revenue for Asia for the six months ended 30 June 2019 was approximately HK$188.7 million, a 34.5% increase compared to HK$140.3 million for the same period in 2018[50]. - Segment revenue for Africa for the six months ended 30 June 2019 was approximately HK$1.8 million, reflecting a 60.0% drop from HK$4.5 million in the same period in 2018[46]. - Segment revenue for Europe for the six months ended 30 June 2019 was approximately HK$63.6 million, a 34.4% decrease from HK$97.0 million for the same period in 2018[50]. - Segment revenue for North America for the six months ended 30 June 2019 was approximately HK$374.6 million, an 18.2% decline from HK$457.9 million in the same period in 2018[54]. - Segment revenue for the Middle East for the six months ended 30 June 2019 was approximately HK$31.8 million, a 211.8% increase compared to HK$10.2 million for the same period in 2018[50]. - Segment revenue for South America for the six months ended 30 June 2019 was approximately HK$6.4 million, a 4.9% increase from HK$6.1 million in the same period in 2018[54]. Financial Position - As of June 30, 2019, the Group's net asset value was HK$549.8 million, resulting in a net asset value per share of HK$0.17, up from HK$0.01 as of December 31, 2018[71]. - The overall cash and cash equivalents increased to HK$81.8 million as of June 30, 2019, compared to HK$72.7 million as of December 31, 2018[71]. - The Group's current ratio improved to 0.83 as of June 30, 2019, from 0.73 as of December 31, 2018[71]. - Total borrowings increased to HK$481.3 million as of June 30, 2019, with a decrease in the gearing ratio from 42.55% to 28.08% during the same period[71]. - The Group's finance costs for the six months ended 30 June 2019 were approximately HK$18.5 million, an increase from approximately HK$14.0 million for the same period in 2018[58]. Employee and Management - The Group employed a total of 636 full-time employees as of June 30, 2019, down from 777 as of December 31, 2018[87]. - The Company’s financial review indicates a focus on performance-based remuneration for employees[87]. - The emolument policy for Directors and senior management is based on merit, qualifications, and market competitiveness, with recommendations made by the remuneration committee[107]. - The remuneration committee considers individual performance and achievement when determining Directors' emoluments[109]. Corporate Actions - The completion of the disposal of My HD Media FZ-LLC in June 2019 relieved the Group from heavy financial burdens[11]. - The disposal of interests in MyHD is expected to relieve the financial burden on the Group, allowing for better resource allocation[77]. - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2019, consistent with the previous year[77]. - The Company completed the disposal of MyHD on June 25, 2019[87].

SANDMARTIN INTERNATIONAL HOLDINGS LIMITED 聖 馬 丁 國 際 控 股 有 限 公 司 * lncorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司 Stock Code 股份代號 : 482 2018 ANNUAL REPORT 年報 my HD 8888. DishHome * For identification purpose only 僅供識別 CONTENTS 錄 | --- | --- | --- | |------------------------------------------------|----------------------------|-------| | | | | | | | | | Corporate Information | 公司資料 | | | Chairman's Letter to Shareholders | 主席致股東報告 | | | Business Overview and Management Discussion | 業務概覽及管理層討論與分析 ...