同得仕（集團）有限公司 TUNGTEX (HOLDINGS) COMPANY LIMITED （於香港註冊成立之有限公司） （股份代號：00518） 業績公告 截至二零二五年三月三十一日止年度 業 績 同 得 仕（集 團）有 限 公 司（「本公司」）及 其 附 屬 公 司（「本集團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度（「本年度」）之 已 審 核 綜 合 業 績，連 同 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 比 較 數 字 如 下： 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。 – 1 – | | | | | | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | --- ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 323,320,000, an increase of 36% compared to HKD 237,529,000 for the same period in 2023[7] - Gross profit for the same period was HKD 51,889,000, up from HKD 44,807,000, reflecting a gross margin improvement[7] - The company reported a loss of HKD 15,367,000 for the six months ended September 30, 2024, compared to a loss of HKD 11,592,000 in the prior year, indicating a 32% increase in losses[7] - Basic and diluted loss per share was HKD 3.3, compared to HKD 2.4 for the same period last year[7] - The group reported a consolidated loss before tax of HKD 15.20 million for the six months ended September 30, 2024, compared to a loss of HKD 11.42 million in the same period of the previous year[35][37] - The company incurred a total comprehensive expense of HKD 15,874,000 during the reporting period, which includes a loss attributable to owners of the company of HKD 10,979,000[16] - The company recorded a pre-tax operating loss of HKD 15,800,000 for the period, compared to a pre-tax operating loss of HKD 13,100,000 in the previous year[55] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 488,129,000, an increase from HKD 472,815,000 as of March 31, 2024[12] - Current liabilities increased to HKD 200,725,000 from HKD 169,805,000, indicating a rise in short-term obligations[12] - The company's net current assets decreased to HKD 287,404,000 from HKD 303,010,000, reflecting a decline in liquidity[12] - Non-current assets totaled HKD 82,305,000, slightly down from HKD 84,955,000[12] - The total liabilities decreased to HKD 399,409,000 as of September 30, 2024, from HKD 404,767,000 as of April 1, 2023[16] - The company reported a decrease in total equity attributable to owners of the company to HKD 386,638,000 as of September 30, 2024, from HKD 404,767,000 as of April 1, 2023[16] Cash Flow and Investments - The company reported a net cash outflow from operating activities of HKD (24,106,000) for the six months ended September 30, 2024, compared to a net inflow of HKD 2,116,000 in the same period last year[20] - As of September 30, 2024, the total cash and cash equivalents were HKD 157,907,000, down from HKD 168,162,000 at the beginning of the period[20] - The company’s investment activities resulted in a net cash outflow of HKD (5,432,000) for the six months ended September 30, 2024[20] - The company repaid bank borrowings of HKD 81,592,000 during the six months ended September 30, 2024, and raised new bank borrowings of HKD 104,897,000[50] - The group's net cash balance, excluding pledged bank deposits, was HKD 83,100,000 as of September 30, 2024, down from HKD 116,800,000 on March 31, 2024[71] Revenue Breakdown - For the six months ended September 30, 2024, the total revenue amounted to HKD 323,320,000, with production and sales contributing HKD 207,813,000 and retail sales contributing HKD 115,507,000[26] - The revenue from the Chinese market was HKD 164,380,000, while the revenue from the United States was HKD 72,671,000, and from Canada was HKD 59,190,000[27] - Total revenue for the six months ended September 30, 2024, was HKD 323,300,000, representing a 36.1% increase compared to the same period last year[54] - Revenue from garment retail reached HKD 87.76 million, with the majority coming from the Chinese market, which contributed HKD 29.83 million[32] - Sales in the Asian market increased by 42.1% to HKD 177,800,000, with China accounting for over 92.5% of this growth, achieving a significant increase of 39.8%[59] - In North America, sales amounted to HKD 131,900,000, reflecting a year-on-year increase of 28.7%, with the U.S. and Canada contributing HKD 72,700,000 and HKD 59,200,000 respectively[60] Operational Insights - The company continues to explore market expansion opportunities and new product development strategies to enhance future performance[7] - The company adjusted its operations and logistics strategy in Vietnam to meet increased customer demand and mitigate potential disruptions[57] - The company experienced a backlog of orders due to temporary capacity constraints and logistics inefficiencies during the reporting period[57] - The group experienced a segment loss of HKD 3.46 million across its operations, with Asia reporting a profit of HKD 3.27 million, North America a loss of HKD 5.53 million, and Europe and others a loss of HKD 1.20 million[33] - The group’s inventory provision netted HKD 1.87 million, reflecting ongoing challenges in inventory management[37] Employee and Corporate Governance - The group’s total employee benefits expenses amounted to HKD 53.63 million for the six months ended September 30, 2024, down from HKD 62.90 million in the previous year, indicating a reduction of approximately 14.4%[37] - The group employed approximately 1,600 staff as of September 30, 2024, an increase from about 1,500 employees on March 31, 2024[76] - The board did not recommend an interim dividend for the six months ended September 30, 2024, consistent with the previous period[77] - The company has complied with all provisions of the corporate governance code during the reporting period[95] - The company adopted the standard code for securities transactions by directors and confirmed compliance by all directors throughout the period[96] Strategic Initiatives - The group is committed to sustainable development and continues to monitor and comply with environmental regulations in manufacturing facilities[58] - The group plans to enhance customer relationships and expand market and customer bases while diversifying product offerings[66] - The group anticipates a cautious approach to cash and working capital management to maintain financial flexibility for long-term investments[66] - The group aims to implement effective resource allocation between retail sales networks, inventory levels, and marketing plans to sustain profitability and accelerate revenue growth[65] - The group has established closer ties with existing clients and formed new business relationships with well-known domestic brands and retailers, driving significant sales progress despite industry challenges[58]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 323,320,000, an increase of 36.0% compared to HKD 237,529,000 for the same period in 2023[2]. - Gross profit for the same period was HKD 51,889,000, up 15.0% from HKD 44,807,000 year-on-year[2]. - The company recorded a net loss of HKD 15,367,000 for the period, compared to a net loss of HKD 11,592,000 in the previous year, representing a 32.5% increase in losses[2][8]. - Basic and diluted loss per share was HKD 3.3, compared to HKD 2.4 for the same period last year[5]. - The group reported a total revenue of HKD 323,320,000 for the period, with sales from goods amounting to HKD 177,784,000 in Asia, HKD 131,861,000 in North America, and HKD 13,675,000 in Europe and others[32]. - The group experienced a pre-tax loss of HKD 15,202,000 for the six months ended September 30, 2023, compared to a pre-tax loss of HKD 11,422,000 for the same period in 2022, indicating a deterioration in performance[32][35]. - The group recorded a basic and diluted loss per share of HKD 0.033 for the six months ended September 30, 2023, compared to a loss of HKD 0.024 for the same period in 2022[45]. - The group declared a final dividend of HKD 0.005 per share, totaling HKD 2,300,000, for the year ended March 31, 2024, but did not recommend an interim dividend for the six months ended September 30, 2023[43]. Assets and Liabilities - Total assets as of September 30, 2024, were HKD 488,129,000, an increase from HKD 472,815,000 as of March 31, 2024[15]. - Current liabilities increased to HKD 200,725,000 from HKD 169,805,000, indicating a rise in financial obligations[16]. - The company’s cash and cash equivalents stood at HKD 157,907,000, a decrease from HKD 168,162,000 as of March 31, 2024[15]. - Trade receivables, net of credit loss provisions, amounted to HKD 100,055,000 as of September 30, 2024, up from HKD 86,379,000 as of March 31, 2024[49]. - Trade payables and other payables totaled HKD 82,690,000 as of September 30, 2024, compared to HKD 66,440,000 as of March 31, 2024[51]. - The total bank borrowings amounted to HKD 74,800,000 as of September 30, 2024, with an asset-to-liability ratio of 20.3%[77]. Operational Efficiency - The company reported a decrease in administrative expenses to HKD 36,834,000 from HKD 38,237,000 year-on-year, reflecting a 3.7% reduction[2]. - Employee benefit expenses totaled HKD 53,631,000 for the six months ended September 30, 2023, down from HKD 62,899,000 in the previous year, reflecting cost-cutting measures[39]. - The group’s financing costs were HKD 1,811,000, contributing to the overall financial burden during the reporting period[32]. - The group will continue to focus on cost management and operational efficiency to mitigate the adverse financial impacts of cost inflation[74]. Market Performance - The group’s revenue from the Asia segment was HKD 125,144,000, with a segment profit of HKD 2,859,000, while North America reported a loss of HKD 1,103,000[35]. - The group’s sales in the Asian market increased by 42.1% to HKD 177,800,000, with China accounting for over 92.5% of this market and recording a significant growth of 39.8%[63]. - North American sales reached HKD 131,900,000, representing a 28.7% increase compared to the same period last year, with the U.S. and Canada contributing HKD 72,700,000 and HKD 59,200,000 respectively[65]. - The retail sales in the U.S. rebounded with a 22.2% increase year-on-year, as brand customers concluded their inventory destocking phase[67]. - Canadian market sales recorded a rebound of 37.6%, driven by improved consumer purchasing power due to easing inflation and gradually lowering policy rates[67]. - Overall retail sales increased by 31.6% to HKD 115,500,000, with sales from digital channels rising significantly by 51.4%, accounting for 86.4% of total retail sales[69]. Strategic Initiatives - The company is adjusting its business and operational strategies to address market volatility and challenges while aiming for significant sales growth[54]. - The group aims to enhance customer relationships and expand market presence while diversifying product offerings[73]. - The group plans to implement effective stimulus policies to restore market confidence and maintain high-quality development in the long term[72]. - The group continues to identify market opportunities and update its product offerings to meet the diverse and evolving consumer expectations[68]. - The group adjusted its operations and logistics strategy in Vietnam to alleviate potential disruptions and accelerate overall delivery cycles[59]. Sustainability and Governance - The group maintained a commitment to sustainable development and environmental regulations in its manufacturing processes[61]. - The group recognizes the need to retain sufficient funds to meet financial obligations and support future business growth[78]. - The group continues to adopt a prudent policy to hedge against currency and interest rate risks associated with its core business[79]. - The audit committee, consisting of three independent non-executive directors, has reviewed the group's accounting policies and practices, as well as risk management and internal control measures[86]. - The company has adhered to all corporate governance codes as stipulated by the Hong Kong Stock Exchange during the current period[87]. - All directors confirmed compliance with the standard code of conduct for securities trading throughout the entire period[89].

Financial Performance - The total revenue for the fiscal year ending March 31, 2024, was HKD 516.8 million, a decrease of 31.4% compared to HKD 753.2 million in the previous year[6]. - The company reported a loss attributable to shareholders of HKD 12.8 million, compared to a profit of HKD 19.7 million in the same period last year[6]. - The EBITDA for the year was HKD 1,561,000, a substantial decline from HKD 39,905,000 in 2023[22][23]. - The pre-tax operating loss for 2024 was HKD 15,597,000, compared to a pre-tax operating profit of HKD 24,231,000 in 2023[24]. - The gross profit for the same period was HKD 105,819,000, down 34.5% from HKD 161,442,000 year-over-year[196]. - The company incurred a net loss of HKD 13,989,000 for the year, contrasting with a profit of HKD 18,800,000 in the previous year[198]. - Basic and diluted loss per share was HKD 2.8, compared to earnings of HKD 4.4 per share in the prior year[196]. - The total comprehensive loss for the year amounted to HKD 16,435,000, compared to a total comprehensive income of HKD 12,937,000 in the previous year[198]. Market Performance - Sales in the North American market decreased by 50.3%, accounting for 42.7% of total revenue, primarily due to reduced consumer demand and high inventory levels[6]. - Sales in the Asian region, mainly to China, showed stable performance, contributing 53.7% to total revenue, despite challenges in the domestic consumption market[7]. - North American market sales decreased by 50.3% to HKD 220.9 million, with sales in the U.S. and Canada at HKD 135.6 million and HKD 85.3 million, reflecting declines of 48.0% and 53.6% respectively[39]. - The overall economic uncertainty and high interest rates have led to a significant decline in consumer spending on non-essential items, with Canadian sales dropping to HKD 85.3 million, down 53.6% from HKD 183.7 million in 2023[41]. Cost Management - The cost of sales as a percentage of total revenue increased to 79.5% in 2024 from 78.6% in 2023, an increase of 0.9 percentage points attributed to adverse global and regional economic conditions[15]. - Distribution expenses decreased by 7.9% year-on-year to HKD 55,307,000, with significant reductions in freight and handling fees by 43.8% and employee costs by 15.3%[16]. - Administrative expenses slightly decreased by 2.9% to HKD 76,798,000, primarily due to reduced employee performance bonuses and overall cost control measures[19]. Strategic Initiatives - The company is focusing on product and process innovation, supply chain management, and enhancing retail omnichannel capabilities to improve efficiency and customer satisfaction[8]. - The management is implementing strict measures to control operating costs and exploring lean production opportunities to maintain competitiveness[7]. - The company plans to strengthen strategic partnerships with existing customers while expanding its product, market, and customer base[8]. - The group has implemented flexible production capacity allocation and optimized supply chain management to mitigate the impact of reduced orders and declining profits[32]. Consumer Behavior and Trends - The consumer price index in China rose only 0.2% in 2023, indicating weak domestic demand and declining consumer confidence[35]. - The group has focused on enhancing online sales and digital marketing strategies to adapt to changing consumer behaviors post-pandemic, resulting in a strong recovery in online sales in the second half of the year[33]. - The group has closely monitored consumer demand and adjusted product offerings and marketing strategies to resonate with cautious consumer sentiment[36]. Corporate Governance - The group maintains a commitment to corporate governance, adhering to the principles and code provisions set out in the Hong Kong Stock Exchange's Corporate Governance Code[64]. - The board consists of three executive directors and five independent non-executive directors, all of whom are confirmed to be independent[69]. - The company has adopted a standard code for securities trading by directors, confirming compliance for the entire fiscal year ending March 31, 2024[71]. - The board has established committees including the Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific areas of the company's affairs[76]. Risk Management - The company has established a risk management system to identify, assess, and manage various risks, including financial, operational, and regulatory risks[94]. - The board reviews the effectiveness of the risk management and internal control systems annually, ensuring they are adequate and effective for the company's operations[96]. - The company encourages employees to report any concerns regarding financial reporting or internal controls, promoting a culture of transparency[97]. Employee and Stakeholder Engagement - The group recognizes the importance of employee retention and satisfaction, providing career development opportunities and competitive compensation packages[61]. - The company has a strong focus on stakeholder engagement, collecting feedback from customers, employees, and suppliers to inform business practices[131]. - The company is committed to ensuring fair procurement practices with suppliers[131]. Financial Position - As of March 31, 2024, the group's cash level was HKD 269,300,000, down from HKD 295,300,000 a year earlier[53]. - The total bank borrowings amounted to HKD 51,400,000 as of March 31, 2024, compared to HKD 54,500,000 a year prior[53]. - The asset-to-equity ratio was 13.3% as of March 31, 2024, indicating a stable financial position[53]. - The group’s capital expenditure for the year was HKD 2,100,000, up from HKD 1,800,000 in the previous year, primarily for upgrading production facilities[52].

營運（虧損）╱溢利之比較如下： 本集團於本年度之稅前營運虧損為港幣15,600,000元（二零二三年：稅前營運溢利為 港幣24,200,000元）。 本集團本年度之除稅前虧損為港幣13,300,000元（二零二三年：除稅前溢利為港幣 22,900,000元）。 每股（虧損）╱盈利 每股（虧損）╱盈利 基本及攤薄（港仙） 7 (2.8) 4.4 業績 其他應收賬款 預付供應商訂金大幅上升乃主要由於二零二四年三月三十一日製造分部向供應商採 購較高的訂單量，與客户於二零二四年三月三十一日後第一季度相對較高的交付訂 單量相符。 其他應付賬款及合約負債之比較如下： 本年度在錯綜複雜的環境下充斥著宏觀經濟不穩定及地緣政治動盪，加上消費環境 充滿挑戰，我們主要市場對非必需品的需求受到抑制，進一步加劇了製造及出口業 務面臨的困難。 在高度推廣促銷的市場環境下，中國零售管理層密切監控盈虧情況，同時實施更嚴 格的成本優化措施，進一步提升我們的競爭力並改善整體盈利能力。因我們的策略 性舉措使然，其銷售表現及財務狀況於本年度下半年得到顯著復甦，抵銷本年度上 半年的下滑，使我們的零售銷售表現回到穩定軌道並提高了盈利能力。 亞洲市場的銷 ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 237,529,000, a decrease of 43% compared to HKD 415,433,000 for the same period in 2022[9] - Gross profit for the same period was HKD 44,807,000, down 44% from HKD 80,347,000 year-on-year[9] - The net loss for the period was HKD 11,592,000, compared to a profit of HKD 5,786,000 in the previous year[10] - Basic and diluted loss per share was HKD 2.4, compared to earnings of HKD 1.4 per share in the prior year[9] - The group reported a loss before tax of HKD 11,422,000 for the six months ended September 30, 2023, compared to a profit before tax of HKD 8,162,000 for the same period in 2022[29] - The company incurred a loss of HKD 10,979,000 during the period, compared to a profit of HKD 6,165,000 in the previous period[15] - The total comprehensive expense for the period was HKD 15,874,000, which includes foreign exchange losses of HKD 4,282,000[15] - The group recorded an operating loss before tax of HKD 13,100,000, compared to an operating profit of HKD 10,700,000 in the previous year[45] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 446,774,000, a decrease from HKD 467,555,000 as of March 31, 2023[12] - Current liabilities amounted to HKD 145,039,000, slightly down from HKD 148,834,000 at the end of the previous fiscal year[12] - The company’s equity attributable to owners decreased to HKD 399,409,000 from HKD 416,925,000, reflecting a decline of approximately 4%[13] - Trade receivables, net of credit loss provisions, amounted to HKD 70,779,000 as of September 30, 2023, down from HKD 89,401,000 as of March 31, 2023[37] - Trade payables amounted to HKD 50,683,000 as of September 30, 2023, an increase from HKD 44,983,000 as of March 31, 2023[38] Cash Flow and Financing - The company reported a net cash inflow from operating activities of HKD 2,116,000 for the six months ended September 30, 2023, a significant decrease from HKD 20,983,000 in the same period last year[17] - Cash and cash equivalents decreased by HKD 61,000, ending the period at HKD 182,087,000, compared to HKD 185,511,000 at the end of the previous period[17] - The company repaid bank loans totaling HKD 81,352,000 during the financing activities, a decrease from HKD 146,814,000 in the previous year[17] - New bank borrowings raised during the same period were HKD 72,846,000, allocated for general working capital[39] - The total bank borrowings as of September 30, 2023, amounted to HKD 46,000,000, a decrease from HKD 54,500,000 on March 31, 2023, with a debt-to-equity ratio of 11.9%[67] Revenue Breakdown - Total revenue for the six months ended September 30, 2023, was HKD 237,529,000, with garment sales contributing HKD 149,774,000 and product retail contributing HKD 87,755,000[22] - The revenue breakdown for the six months ended September 30, 2023, shows HKD 125,144,000 from Asia, HKD 102,476,000 from North America, and HKD 9,909,000 from other regions[27] - The company’s revenue from the United States market was HKD 59,467,000, while revenue from Canada was HKD 43,009,000[22] Market Performance - Sales in Asia decreased by 9.6% to HKD 125,100,000, with China contributing HKD 117,600,000, a decline of 9.9% year-on-year[51] - Retail sales in North America fell by 59.4% to HKD 102,500,000, with U.S. sales dropping 60.4% to HKD 59,500,000[53] - Canadian sales decreased by 58.0% to HKD 43,000,000 due to high inflation and a tightening credit environment[56] - Overall retail sales for the period amounted to HKD 87,800,000, a decline of 12.0% compared to the previous year[57] - E-commerce sales decreased by 15.2%, accounting for over 75% of total retail sales[59] Operational Strategies - The group aims to streamline its management structure and implement cost control measures to mitigate financial impacts from reduced orders and profit margins[47] - The company is adjusting inventory strategies due to high levels of client inventory and uncertain market demand[55] - The company is implementing cost optimization measures to improve operational performance amid a competitive market environment[60] - The group plans to actively explore new markets and diversify its product offerings to reduce reliance on specific markets and increase revenue sources[63] - The group is committed to strict cost control measures to improve operational and financial management, aiming for sustainable growth[64] Employee and Governance - Employee benefits expenses totaled HKD 62,900,000 for the period, slightly down from HKD 63,700,000 for the same period last year[72] - The group employs approximately 1,400 staff members, focusing on employee development and competitive compensation to retain talent[72] - The audit committee, consisting of four independent non-executive directors, reviewed the group’s accounting policies and financial reporting matters[82] - The company has complied with all provisions of the corporate governance code during the reporting period[83] - All directors confirmed adherence to the standard code for securities transactions throughout the reporting period[84] Shareholding Structure - As of September 30, 2023, the company’s directors and senior management hold a total of 5,060,160 shares, representing 1.12% of the issued shares[75] - Major shareholder Corona Investments Limited owns 150,059,268 shares, accounting for 33.27% of the issued shares[79] - Webb David Michael holds 22,563,800 shares directly and indirectly through Preferable Situation Assets Limited, totaling 54,158,000 shares, which is 12.00% of the issued shares[80] - The company has not granted, exercised, or cancelled any stock options under the stock option plan during the reporting period[76] - The company did not repurchase any of its listed securities during the reporting period[81]

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。 同 得 仕（ 集 團 ）有 限 公 司 TUNGTEX (HOLDINGS) COMPANY LIMITED （於香港註冊成立之有限公司） （股份代號：00518） 中期業績公告 截至二零二三年九月三十日止六個月 業績 同得仕（集團）有限公司（「本公司」）及其附屬公司（「本集團」）截至二零二三年九月 三十日止六個月（「本期間」）之未經審核簡明綜合中期業績，連同截至二零二二年 九月三十日止六個月之比較數字如下： 簡明綜合損益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 港幣千元 港幣千元 （未經審核） （未經審核） 營業額 3 237,529 415,433 銷售成本 (192,722) (335,086) 毛利 44,807 80,347 ...

Financial Performance - The total revenue for the fiscal year ended March 31, 2023, increased by 28.0% to HKD 753,200,000[6]. - The company recorded a profit attributable to shareholders of HKD 19,700,000, compared to a loss of HKD 26,100,000 in the previous year[6]. - The company achieved a pre-tax profit of HKD 22,900,000, a turnaround from a pre-tax loss of HKD 26,500,000 in the previous year[15]. - Gross profit was HKD 161,400,000, with a gross margin of 21.4%, up from 19.0% year-on-year, attributed to increased sales leverage and improved operational efficiency[15]. - The group's EBITDA for the year was HKD 39,900,000, a turnaround from an EBITDA loss of HKD 8,900,000 in the previous year[47]. - The net profit for the year was HKD 18,800,000, a significant recovery from a loss of HKD 26,697,000 in 2022[196]. - Basic and diluted earnings per share improved to HKD 4.4 from a loss of HKD 5.8 in the prior year[194]. - Total comprehensive income for the year was HKD 12,937,000, compared to a loss of HKD 20,160,000 in 2022[196]. Market Performance - North America market revenue grew significantly by 65.1%, accounting for 59.0% of total revenue[7]. - Revenue from the Asian market, primarily impacted by challenges in China, decreased by 9.7%, representing 36.1% of total revenue[7]. - Retail sales for the "Betu" brand in China declined by 10.6% year-on-year, or 5.4% excluding foreign exchange effects[8]. - Total sales in China fell by 12.7% year-on-year to HKD 254,400,000, with retail sales and sales to domestic brand customers contributing to this decline[25]. - Sales in the Asian market decreased by 9.7% year-on-year to HKD 271,800,000, primarily due to the impact of COVID-19 in mainland China, which accounted for approximately 93.6% of Asian sales[25]. Cost Management and Efficiency - The company continues to implement strict cost control measures and reduce capital expenditures to enhance operational efficiency[8]. - Distribution expenses decreased by 12.9% to HKD 60,000,000, aligning with a 10.6% decline in retail sales[16]. - The cost of sales as a percentage of total revenue decreased to 78.6% from 81.0% in the previous year, attributed to improved sales leverage and operational efficiency[41]. - The group's capital expenditure for the year was HKD 1,800,000, a significant decrease from HKD 43,600,000 in the same period last year[37]. Operational Challenges - The retail environment in China remains challenging, with domestic sales showing a decline due to weak consumer demand and economic uncertainty[19]. - The company is focusing on cost control and management to mitigate the negative impact of reduced foot traffic in physical stores[22]. - Management anticipates ongoing macroeconomic and geopolitical uncertainties will continue to hinder global consumer market recovery, particularly in North America[31]. Governance and Corporate Structure - The board of directors consists of three executive directors and four independent non-executive directors, ensuring a diverse governance structure[68]. - The company has established audit, remuneration, and nomination committees to oversee specific areas of corporate governance[75]. - The board composition is reviewed regularly to ensure it possesses the necessary expertise and experience for the company's business needs[69]. - The company provides directors with ongoing training on regulatory requirements and corporate governance to support their roles[70]. Shareholder Engagement and Dividends - The board proposed a final dividend of HKD 0.005 per share for the fiscal year, consistent with the previous year[12]. - The company has adopted a dividend policy to allow shareholders to share in profits while retaining sufficient reserves for future business development[102]. - The company encourages shareholders to attend the annual general meeting to raise inquiries and has established various communication channels for shareholder engagement[99]. Environmental and Social Responsibility - The company is committed to sustainable development goals and promoting environmentally friendly practices in its supply chain[9]. - The company is committed to high environmental standards and compliance with relevant laws and regulations, including corporate governance and disclosure requirements[125]. - The company’s environmental, social, and governance report will be published in July 2023, detailing its policies and benefits[125]. Risk Management - The Group's risk management system includes systematic assessment and prioritization of financial, operational, and regulatory risks[91]. - The internal audit function is responsible for regular and independent reviews of the Group's risk management and internal control systems[93]. - The Group encourages employees to report any concerns regarding financial reporting or internal controls[94].

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。 同 得 仕（ 集 團 ）有 限 公 司 TUNGTEX (HOLDINGS) COMPANY LIMITED （於香港註冊成立之有限公司） （股份代號：00518） 業績公告 截至二零二三年三月三十一日止年度 業績 同得仕（集團）有限公司（「本公司」）及其附屬公司（「本集團」）截至二零二三年三月 三十一日止年度（「本年度」）之已審核綜合業績，連同截至二零二二年三月三十一日 止年度之比較數字如下： 綜合損益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 港幣千元 港幣千元 營業額 3 753,214 588,269 銷售成本 (591,772) (476,223) 毛利 161,442 112,046 其他收入及收益 6,744 4,972 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 415,433,000, a significant increase from HKD 232,444,000 in the same period last year, representing an increase of 78.5%[9] - Gross profit for the same period was HKD 80,347,000, compared to HKD 35,623,000 in the previous year, reflecting a gross margin improvement[9] - The net profit for the period was HKD 5,786,000, a turnaround from a net loss of HKD 32,334,000 in the prior year[10] - Basic and diluted earnings per share were HKD 1.4, compared to a loss per share of HKD 7.1 in the previous year[9] - The group reported a consolidated profit of HKD 31,222,000 for the six months ended September 30, 2022, compared to a loss of HKD 15,790,000 in the previous year, indicating a turnaround in performance[32] - The company recorded a pre-tax profit of HKD 8,162,000 for the six months ended September 30, 2022, compared to a pre-tax loss of HKD 32,393,000 in the same period of the previous year[32] Assets and Liabilities - Total assets as of September 30, 2022, were HKD 500,176,000, down from HKD 517,064,000 as of March 31, 2022[12] - Current liabilities decreased to HKD 198,981,000 from HKD 218,977,000, indicating improved liquidity management[12] - The total equity attributable to the owners of the company was HKD 400,261,000, slightly down from HKD 405,325,000 as of March 31, 2022[13] - The total cash and cash equivalents at the end of the period were HKD 185,511,000, a decrease from HKD 278,082,000 at the beginning of the period[17] - Trade receivables, net of credit loss provisions, amounted to HKD 96,567,000 as of September 30, 2022, up from HKD 82,681,000 as of March 31, 2022[47] - Trade payables amounted to HKD 60,984,000 as of September 30, 2022, down from HKD 77,988,000 as of March 31, 2022[49] Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 20,983,000 for the six months ended September 30, 2022, compared to a net outflow of HKD 27,647,000 in the same period last year[17] - The company’s investment activities resulted in a net cash outflow of HKD 5,000,000 for the period, reflecting ongoing investments in property and equipment[17] - The company invested HKD 642,000,000 in properties, plant, and equipment during the six months ended September 30, 2022, compared to HKD 41,001,000 in the same period of the previous year[44] Market Performance - Total revenue from customer contracts for the six months ended September 30, 2022, was HKD 415,433,000, with significant contributions from the United States (HKD 150,038,000) and Canada (HKD 102,369,000)[25] - North America generated revenue of HKD 252,407,000, while Asia contributed HKD 138,435,000, and Europe and other regions accounted for HKD 24,591,000 during the same period[32] - Retail sales in North America increased by 190.3% year-on-year to HKD 252,400,000, accounting for 60.8% of total revenue[63] - Sales in Canada grew over 1.5 times to HKD 102,400,000, driven by strong consumer spending and economic activity[65] - Sales in Asia remained stable at HKD 138,400,000, with China contributing HKD 130,600,000, a decrease of approximately 5.0%[66] - Retail sales in China declined by 3.2% to HKD 99,700,000, reflecting ongoing impacts from the pandemic[68] Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[10] - The company shifted its strategic focus from China to the North American market, resulting in nearly double the sales growth in that region compared to the previous year[59] - The company plans to enhance and restructure production capacity at its Vietnam factory to meet rising export order demand[59] - The company continues to invest in long-term strategic initiatives, particularly in digital technology and sustainability[77] Employee and Operational Insights - The total employee benefits expense increased to HKD 63,734,000 for the six months ended September 30, 2022, up from HKD 56,730,000 in the prior year[36] - The company employed approximately 1,300 employees as of September 30, 2022, up from about 1,200 employees as of March 31, 2022, primarily due to an increase in production workers[87] - The company successfully adjusted inventory and expenditure to mitigate the financial impact of the pandemic on retail performance[60] - The management implemented flexible adjustments in production planning and supply chain optimization to address uncertainties[62] Governance and Shareholder Information - Major shareholder Corona Investments Limited held 150,059,268 shares, representing 33.27% of the issued shares as of September 30, 2022[96] - The total number of issued shares as of September 30, 2022, was 451,067,557[99] - The audit committee, consisting of four independent non-executive directors, reviewed the group's accounting policies and financial reporting matters during the period[103] - The company adhered to all provisions of the corporate governance code as set out in the listing rules during the period[104]