Core Viewpoint - HNA Technology plans to engage in a strategic cooperation with CWT International Limited, involving the procurement of copper and other metal products, with a total investment not exceeding 250 million RMB [1][2][3] Group 1: Transaction Details - The transaction constitutes a related party transaction due to shared indirect controlling shareholders [1][4] - HNA Technology will use its own funds to purchase copper products from CWT, with the transaction structured under a CIF (Cost, Insurance, and Freight) model [2][3] - The expected cycle for buying and selling goods is approximately 30 days, with total transport time not exceeding 45 days [3] Group 2: Financial Implications - The annual trade scale is projected to reach 1.5 billion RMB, contributing an estimated net income of no more than 15 million RMB, which represents about 1.34% of the expected revenue for 2024 [3][5] - The pricing for the transaction will be based on the London Metal Exchange (LME) floating copper price, with adjustments made based on market conditions [4][5] - CWT's financial status indicates a registered capital of 4.731 billion HKD, total assets of 27.632 billion HKD, and a debt ratio of 82% [5][6]

Summary of Key Points Group 1: 52-Week Highs - A total of 69 stocks reached their 52-week highs as of May 27, with notable performers including: - Kingway Medical Holdings (08559) with a high rate of 78.95%, closing at 0.020 and reaching a peak of 0.034 [1] - CWT INT'L (00521) at 20.16%, closing at 0.134 and peaking at 0.149 [1] - Ginkgo Education (01851) at 19.83%, closing at 1.090 and peaking at 1.450 [1] - Other significant stocks include: - Wing On (00289) at 16.00% [1] - CTR Holdings (01416) at 9.28% [1] - Chinese Silver Technology (00515) at 8.18% [1] Group 2: 52-Week Lows - The 52-week low rankings featured several stocks, with the most significant declines being: - Moshang Group Holdings (01817) with a low rate of -21.43%, closing at 0.350 and hitting a low of 0.275 [2] - Huajin International Holdings (02738) at -6.11% [2] - Baide International (02668) at -5.91% [2] - Other notable declines include: - China Frontier Technology Group at -4.84% [2]

Financial Performance - The company reported a revenue of HK$1.2 billion for the fiscal year, representing a 15% increase compared to the previous year[5]. - The company expects a revenue growth of 10-12% for the next fiscal year, driven by new product launches and market expansion strategies[5]. - For the year ended December 31, 2024, the Group's revenue from continuing operations amounted to HK$38,885,894,000, an increase of 4.46% from HK$37,226,295,000 in 2023[78]. - The profit attributable to owners from continuing operations was HK$304,386,000, significantly up from HK$17,733,000 in 2023, marking an increase of approximately 1615.5%[78]. - The Group recorded EBITDA from continuing operations of HK$1,629,069,000, compared to HK$1,274,210,000 in 2023, reflecting a growth of 27.9%[79]. - The net profit for the year was HK$348,307,000, significantly up from HK$79,194,000 in 2023, primarily driven by improved profitability in the concentrates business and better margins in freight logistics[96]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[5]. - The Group aims to maximize shareholders' interests by expanding its global commercial network and seizing growth opportunities in Greater China and other regions[86]. - The company plans to enhance efficiency and leverage innovation to drive service excellence in the upcoming financial year 2025[115]. - The company plans to expand its African operations, particularly in logistics, and explore new minerals and energy trading[124]. - The Group's strategy includes learning from successful experiences in Singapore to contribute to economic growth and sustainable development in its operating regions[96]. Research and Development - Investment in R&D increased by 20%, focusing on innovative technologies and product enhancements[5]. - The company is exploring partnerships with technology firms to enhance its service offerings and drive digital transformation[5]. Corporate Governance and Management - Mr. Wang Kan resigned as CEO in June 2024 but retains other relevant positions on the Board of Directors and Board Committees[23]. - Mr. Zhao Quan has nearly 30 years of experience in airlines, finance, and airport investment, and remains an Executive Director[32]. - The company is under the substantial shareholding of HNA Trust Management, which influences its corporate governance[32]. - The company has a diverse board with independent non-executive directors contributing to its oversight[18]. - The Board currently consists of seven Directors, including four Executive Directors and three Independent Non-executive Directors[165]. - The company has revised its Board Diversity Policy in 2022 to achieve sustainable and balanced development[180]. - The Board has delegated various responsibilities to committees, including the Audit Committee, Remuneration Committee, and Nomination Committee, as detailed in the corporate governance report[196]. Financial Health and Debt Management - As of December 31, 2024, the Group had cash and cash equivalents of HK$2,271,537,000, an increase from HK$1,998,840,000 as of December 31, 2023[138]. - Total borrowings increased to HK$5,924,561,000 as of December 31, 2024, up from HK$5,646,278,000 in the previous year[138]. - The Group's overall strategy remains unchanged, focusing on optimizing the debt and equity balance to maximize returns to stakeholders[140]. - The consolidated net debt decreased to HK$1,655,867,000 from HK$2,528,508,000 year-over-year, indicating improved financial health[143]. - The Group's gearing ratio improved to 18.6% as of December 31, 2024, down from 27.1% in the previous year[143]. Employee and Talent Management - The total number of employees as of December 31, 2024, was 5,936, a decrease from 6,029 in the previous year[151]. - The Group's remuneration policies are designed to be fair and competitive, ensuring retention and attraction of talent[151]. - The company emphasizes hiring suitable talent to meet business needs rather than focusing solely on achieving a balanced gender ratio[183]. Logistics and Operations - The Group's logistics business established a subsidiary in Hainan Free Trade Port in November 2024 to provide logistics solutions for local companies[96]. - The logistics segment achieved a 17% revenue growth from HK$4,619,054,000 to HK$5,411,113,000 and a 31% increase in profit before tax from HK$218,436,000 to HK$286,333,000, driven by improved performance in logistics services, particularly freight logistics[116][119]. - The Group's freight logistics benefited from elevated ocean freight rates despite geopolitical tensions and the Red Sea crisis impacting the global economy[96]. - The company expanded its Bonded Logistics Centre in Serang, Indonesia, enhancing regional storage and distribution capabilities to support increasing demand for secure, efficient commodity handling[114][118]. Shareholder Returns - The company declared a dividend of HK$0.10 per share, reflecting a 5% increase from the last dividend payout[5]. - The Group's total capital, measured as total debt plus equity attributable to owners, was HK$8,901,645,000, down from HK$9,343,704,000[143].

Financial Performance - For the fiscal year ending December 31, 2024, CWT International Limited reported total revenue of HKD 38,885,894, an increase of 4.5% from HKD 37,226,295 in 2023[3] - Gross profit for the same period was HKD 1,811,079, up from HKD 1,646,236, reflecting a gross margin improvement[3] - The net profit from continuing operations was HKD 348,307, significantly higher than HKD 57,723 in the previous year, marking a year-over-year increase of 503%[3] - Basic and diluted earnings per share increased to HKD 2.67 from HKD 0.34, indicating strong profitability growth[5] - Other income increased to HKD 620,332 from HKD 505,175, showing a growth of 22.7%[3] - Net profit for the year was HKD 348,307,000, significantly up from HKD 79,194,000 in 2023, driven by improved profitability in commodity trading and logistics despite geopolitical tensions[46] Revenue Breakdown - Transportation services revenue rose to HKD 3,737,694,000, up 24.5% from HKD 3,000,945,000 in the previous year[15] - Logistics services revenue increased slightly to HKD 1,528,768,000 from HKD 1,467,851,000, reflecting a growth of 4.1%[15] - Commodity trading and related services generated HKD 32,108,541,000, a growth of 2.99% compared to HKD 31,175,669,000 in 2023[15] - Revenue from the Chinese market reached HKD 27,020,205,000, up 6.66% from HKD 25,335,560,000 in the previous year[17] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 21,870,424, compared to HKD 19,122,248 in 2023, representing an increase of 14.3%[6] - Current liabilities rose to HKD 19,783,347 from HKD 16,717,618, reflecting a 12.3% increase[7] - Non-current liabilities decreased to HKD 2,943,245,000 from HKD 3,922,449,000, a reduction of 25%[8] - The company’s total liabilities increased to HKD 21,406,149 in 2024 from HKD 19,114,740 in 2023, reflecting a rise of 11.9%[25] - The company’s total liabilities reached HKD 22,726,592,000 in 2024, up from HKD 20,640,067,000 in 2023, an increase of 10.09%[28] Cash Flow and Capital Structure - Cash and cash equivalents increased to HKD 2,271,537 from HKD 1,998,840, reflecting a growth of 13.6%[6] - Total borrowings amounted to HKD 5,924,561,000, with HKD 5,136,740,000 due within one year, reflecting an increase from HKD 5,646,278,000 in the previous year[62] - The group's total debt was HKD 4,120,695,000, a decrease from HKD 4,672,423,000 as of December 31, 2023, excluding short-term trade financing[64] - The net debt ratio (net debt to total capital) improved to 18.6% from 27.1% year-over-year[64] - The group plans to optimize its capital structure through new share issuance and debt refinancing, maintaining its overall strategy unchanged compared to the previous year[63] Operational Highlights - The logistics division demonstrated resilience, with cost management and technology upgrades helping to alleviate cost pressures amid rising fuel costs[48] - The logistics division recorded a revenue increase of 17%, rising from HKD 4,619,054,000 to HKD 5,411,113,000, with a 31% increase in profit before tax from HKD 218,436,000 to HKD 286,333,000, driven by improved logistics services, particularly freight logistics[54] - The commodity trading segment's revenue increased by 3% from HKD 31,175,669,000 to HKD 32,108,541,000, while profit before tax surged 443% from HKD 17,206,000 to HKD 93,468,000, attributed to enhanced operational efficiency[55] Strategic Initiatives - The group plans to expand its network in Europe and add four new offices in Central Europe by mid-2025 to drive business growth[51] - The company plans to expand its logistics operations in Africa, focusing on improving logistics and operations in the region[56] - The company has established a subsidiary in Hainan Free Trade Port to provide logistics solutions for local businesses, aiming to capitalize on the development opportunities in the region[71] - A strategic cooperation agreement was signed with Access World Group to expand collaboration in the bulk commodity trade and logistics sector, coinciding with the 50th anniversary of diplomatic relations between China and Malaysia[71] Governance and Compliance - The company has complied with the corporate governance code, with a noted exception regarding the roles of the Chairman and CEO being held by the same individual until June 28, 2024[75][77] - The board believes that having the same person serve as both Chairman and CEO ensures effective strategic planning and decision-making[76] Workforce and Employee Count - The group has a total employee count of 5,936, down from 6,029 in the previous year, indicating a reduction in workforce[69] Market Outlook - The global economic growth rate is projected at 3.3% for 2025 and 2026, with inflation expected to decline to 4.2% in 2025 and 3.5% in 2026[70] - The group emphasizes the need to focus on core industries and enhance competitiveness while seeking opportunities in China and globally to mitigate risks[70]

WT International Limited Stock Code 股份代號: 521 2024 INTERIM REPORT 中 期 報 告 CONTENTS 目錄 Definitions 釋義 2 Corporate Information 公司資料 5 Report on Review of Interim Financial Report 中期財務報告之審閱報告 7 Interim Results 中期業績 9 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 9 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 12 Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 14 Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 16 Note ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 20,275,771, an increase of 27.4% compared to HKD 15,970,654 for the same period in 2023[1] - Gross profit for the same period was HKD 860,145, a slight decrease of 1.3% from HKD 876,085 in 2023[1] - Other income increased significantly to HKD 351,720, up 60.4% from HKD 219,100 in the previous year[1] - The net profit from continuing operations for the six months was HKD 136,447, down 13.4% from HKD 157,586 in 2023[2] - Basic and diluted earnings per share from continuing and discontinued operations were HKD 1.06, compared to HKD 1.18 in the prior year[3] - The report indicates a pre-tax profit for the reportable segments of HKD 262,429,000 for the six months ending June 30, 2024, compared to HKD 301,842,000 for the same period in 2023, reflecting a decrease of about 13%[20] - The total revenue for the reportable segments was HKD 20,228,398,000 for the six months ending June 30, 2024, compared to HKD 15,926,072,000 in 2023, indicating a significant increase of approximately 27.5%[19] - The net profit for the period was HKD 136,447,000, a decrease from HKD 159,243,000 in 2023, indicating a decline of about 14.3%[39] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 22,240,476, an increase from HKD 19,122,248 at the end of 2023[4] - Current liabilities increased to HKD 20,433,840 from HKD 16,717,618 in December 2023[5] - The net asset value as of June 30, 2024, was HKD 4,793,094, slightly down from HKD 4,798,162 at the end of 2023[6] - Trade receivables expected to be recovered within one year totaled HKD 3,606,276,000, compared to HKD 2,275,364,000 in the previous year, reflecting an increase of approximately 58.2%[34] - Trade payables and notes payable amounted to HKD 1,914,841,000, up from HKD 1,232,832,000 in December 2023, marking a significant increase of about 55.5%[36] - Other payables, deposits received, and payables totaled HKD 12,358,383,000, compared to HKD 10,504,049,000 in December 2023, representing an increase of approximately 17.6%[35] - Total debt as of June 30, 2024, was HKD 4,406,928,000, down from HKD 4,672,423,000 as of December 31, 2023[52] - The group's debt ratio (net debt to total capital) decreased to 22.6% as of June 30, 2024, compared to 27.1% as of December 31, 2023[52] Revenue Breakdown - Revenue from transportation services amounted to HKD 1,748,962,000, up from HKD 1,577,214,000, reflecting a year-on-year increase of about 10.9%[11] - Revenue from logistics services was HKD 761,617,000, compared to HKD 736,017,000 in the previous year, indicating a growth of approximately 3.5%[11] - Revenue from trading and related services surged to HKD 17,000,820,000, a substantial rise from HKD 12,862,945,000, marking an increase of around 32.5%[11] - Revenue generated from contracts with customers in mainland China was HKD 13,897,982,000, compared to HKD 10,881,421,000 in the previous year, showing a growth of approximately 27.7%[12] - The company reported a rental income of HKD 47,373,000, slightly up from HKD 44,582,000, reflecting an increase of about 6.4%[11] Expenses and Costs - The company reported a financing cost of HKD 306,603, which is an increase from HKD 247,288 in the previous year[1] - For the six months ending June 30, 2024, the interest expenses from continuing operations amounted to HKD 278,776,000, an increase of 24.1% compared to HKD 224,596,000 for the same period in 2023[23] - Employee costs, including directors' remuneration, totaled HKD 726,374,000 for the six months ended June 30, 2024, a decrease of 1.9% from HKD 740,524,000 in the same period of 2023[24] - The cost of goods sold for the six months ended June 30, 2024, was HKD 15,910,719,000, compared to HKD 13,586,612,000 for the same period in 2023, reflecting an increase of 17.0%[24] - The total tax expense for the six months ended June 30, 2024, was HKD 65,541,000, a decrease of 7.7% from HKD 70,786,000 in the same period of 2023[25] Operational Insights - The company plans to continue monitoring segment performance and resource allocation to enhance operational efficiency moving forward[19] - The logistics services segment is expected to see stable rental rates and potential increases in renewal prices, despite current market pressures[41] - The company anticipates strong performance in the second half of 2024, particularly in the food and beverage logistics sector, aligning with seasonal trends[41] - The chemical cluster in Singapore has rebounded due to increased production and regional demand, with expectations for continued growth driven by sustainability trends and capacity expansion[41] - The company is focusing on enhancing efficiency, optimizing capacity, and exploring new revenue channels in its chemical logistics operations[41] Corporate Governance and Future Outlook - The company has not applied any new accounting standards or interpretations that have not yet come into effect during the reporting period[10] - The interim financial report was authorized for publication on August 28, 2024, in accordance with the Hong Kong Listing Rules[8] - The company is exploring business opportunities in Hainan Free Trade Port and Southeast Asia, establishing strategic partnerships and joint ventures to assess potential investments[58] - The International Monetary Fund forecasts global economic growth of 3.2% in 2024 and 3.3% in 2025, indicating a cautious optimism for the future despite ongoing challenges[57] - The company is investing in digital transformation to automate processes and enhance customer experience, particularly in the retail market in Southeast Asia[47]

Financial Performance - The company reported a revenue of HK$1.2 billion for the fiscal year, representing a 15% increase year-over-year[1]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% year-over-year growth[10]. - For the year ended December 31, 2023, the Group's revenue was HK$37,226,295,000, a decrease of 3.8% from restated 2022 revenue of HK$38,689,030,000[69]. - The net profit for 2023 was HK$79,194,000, down 69.0% from HK$255,089,000 in 2022[86]. - The Group reported a net profit of HK$57,723,000 from continuing operations, a decline of 84.5% compared to HK$371,702,000 in 2022[86]. - EBITDA from continuing operations for 2023 was HK$1,274,210,000, down 12.9% from restated 2022 EBITDA of HK$1,462,903,000[70]. User Growth and Market Expansion - User data showed a growth of 25% in active users, reaching 2 million by the end of the year[1]. - User data showed a 15% increase in active users, reaching 2 million by the end of the fiscal year[10]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[1]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[10]. Future Outlook and Guidance - The company provided a future outlook with a revenue guidance of HK$1.5 billion for the next fiscal year, indicating a projected growth of 25%[1]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming for $625 million[10]. - The global economic outlook for 2024 is projected at 3.1% growth, with the Group focusing on core industries and seeking growth opportunities in the PRC and other developing countries[74][75]. Strategic Initiatives - New product launches included a state-of-the-art logistics platform, expected to enhance operational efficiency by 30%[1]. - A strategic acquisition of a local logistics firm was completed, valued at HK$300 million, aimed at enhancing service capabilities[1]. - A strategic acquisition of a smaller tech firm was completed, enhancing the company's capabilities in artificial intelligence[10]. - The company plans to invest $100 million in infrastructure improvements over the next three years to enhance operational efficiency[10]. - The company announced a new partnership with a tech firm to integrate AI into its operations, projected to reduce costs by 15%[1]. Research and Development - Research and development expenses increased by 10%, totaling HK$150 million, focusing on innovative supply chain solutions[1]. - Research and development expenses increased by 30%, totaling $30 million, to support new technology initiatives[10]. Sustainability and Corporate Responsibility - The company is implementing sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2030[1]. - The company emphasizes improving workflow quality and management efficiency in Hong Kong while fulfilling corporate social responsibility[150]. Financial Services and Performance - Financial services represented 12.65% of the total revenue for the year 2023[52]. - Financial services PBT improved by 88.4% from HK$102,360,000 in 2022 to HK$192,834,000 in 2023[115]. - The financial services and commodity marketing segments showed improved performance compared to 2022, helping to offset some negative impacts from freight logistics[86]. Logistics and Operations - Logistics services contributed 1.92% to the total turnover in 2023[52]. - The logistics group exceeded budget expectations and outperformed the previous year despite challenges in the shipping sector, including a threefold increase in container rates[90]. - Revenue from logistics services segment decreased significantly from HK$7,376,388,000 to HK$4,619,054,000, a drop of approximately 37.8%[105]. - Profit before tax (PBT) for logistics services fell over 65.5% from HK$632,809,000 to HK$218,436,000[105]. Corporate Governance - The board consists of eight directors, equally divided between four executive directors and four independent non-executive directors, ensuring a balanced composition[151]. - The company has complied with the corporate governance code, except for the deviation where the roles of chairman and CEO are held by the same individual, which the board believes ensures consistent leadership[144][145]. - The board diversity policy was revised in 2022 to achieve sustainable and balanced development, considering factors such as gender, age, and professional experience[164][165]. - The Company aims to provide sufficient notice and quality information for Board meetings to facilitate informed decision-making[186]. Employee and Workforce Management - The Group's employee count as of 31 December 2023 was 6,029, a slight decrease from 6,070 in the previous year[136][138]. - The gender ratio of the board is currently 7:1 (male to female), with the company prioritizing high-caliber candidates over achieving a balanced gender ratio[166]. - As of December 31, 2023, the gender ratio of the workforce was approximately 2:1, with over 84% of the workforce coming from the male-dominated logistics services industry[167].

Financial Performance - The total comprehensive income attributable to the company's owners for the year ended December 31, 2023, was HKD 60,400,000, compared to HKD 92,697,000 in 2022, representing a decrease of approximately 34.8%[2] - The basic and diluted earnings per share for the year ended December 31, 2023, were HKD 0.16, down from HKD 2.37 in 2022, indicating a significant decline of approximately 93.3%[3] - The total annual profit for the year ended December 31, 2023, was HKD 79,194,000, down from HKD 255,089,000 in 2022, reflecting a decrease of about 69.0%[14] - Total revenue for the group in 2023 was HKD 37,226,295, a decrease of 3.99% from HKD 38,689,030 in 2022[30] - The total revenue for the year ended December 31, 2023, was HKD 37,136,728, a decrease from HKD 38,538,993 in 2022, representing a decline of approximately 3.6%[54] - The net profit for the year was HKD 79,194,000, significantly down from HKD 255,089,000 in the previous year[113] - The net profit from continuing operations was HKD 57,723,000, down from HKD 371,702,000 in 2022[113] Asset and Liability Changes - Non-current assets decreased from HKD 6,666,101,000 in 2022 to HKD 6,315,981,000 in 2023, a reduction of about 5.2%[6] - Current assets also saw a decline from HKD 29,838,364,000 in 2022 to HKD 19,122,248,000 in 2023, a decrease of approximately 36.1%[6] - The company’s total liabilities decreased to HKD 25,438,229 in 2023 from HKD 36,504,465 in 2022, indicating a reduction of about 30.3%[69] - Total liabilities decreased from HKD 31,673,263 in 2022 to HKD 20,640,067 in 2023, representing a reduction of approximately 34%[70] - The company’s total assets in Singapore decreased from HKD 4,440,300 in 2022 to HKD 4,239,029 in 2023, a decline of approximately 5%[90] Revenue Breakdown - Revenue from transportation services decreased significantly to HKD 3,000,945, down 47.6% from HKD 5,737,638 in the previous year[30] - Logistics services revenue slightly increased to HKD 1,557,418, compared to HKD 1,543,084 in 2022, reflecting a growth of 0.9%[30] - Revenue from goods trading and related services rose to HKD 31,175,669, an increase of 4.3% from HKD 29,890,618 in 2022[30] - Revenue from the Chinese market was HKD 25,335,560, a slight decrease of 1.95% from HKD 25,841,494 in 2022[30] Operational Changes - The company has ceased operations related to certain structural trading services, which have been classified as discontinued operations[9] - The financial services segment has ceased operations for structured trade services, and the reported segment data excludes any amounts from discontinued operations[52] - The company decided to terminate its structured trade services due to ongoing disputes and legal challenges, reflecting a strategic shift[136] Cash Flow and Investments - Cash and cash equivalents increased from HKD 1,609,650,000 in 2022 to HKD 1,998,840,000 in 2023, an increase of about 24.1%[6] - The company reported a profit from joint ventures and associates amounting to HKD 634,532 in 2023, consistent with the previous year[54] - The capital expenditure for the year was HKD 4,619,054, compared to HKD 7,376,388 in 2022, showing a significant decrease of approximately 37.8%[69] Strategic Initiatives - The company has allocated resources based on the performance of reportable segments, focusing on sales and expenses generated by each segment[53] - The company is exploring business opportunities in Hainan Free Trade Port and Southeast Asian countries through strategic partnerships and joint ventures[180] - The company aims to enhance core competitiveness while promoting further collaboration among business segments[180] - The company is focusing on accelerating automation to reduce costs and improve efficiency while developing new cargo sources to diversify freight volumes and maintain market share[168] Market Outlook - The company anticipates a more optimistic outlook for the industry in 2024 due to continued economic liberalization in China[116] - The International Monetary Fund forecasts global economic growth rates of 3.1% for 2024 and 3.2% for 2025[154] Governance and Compliance - The company has complied with the corporate governance code, with some noted deviations[187] - The board believes that having the same person serve as both Chairman and CEO ensures effective strategic planning and decision-making[188] Shareholder Relations - The company expresses gratitude to shareholders, investors, customers, suppliers, and business partners for their support and trust[189] - The company did not recommend any dividend payments for the fiscal years ending December 31, 2022, and 2023[111][124] Challenges and Risks - The company faced challenges in the shipping market, with a significant decline from peak levels in 2022, leading to a drop in freight rates to pre-COVID-19 levels due to reduced demand and increased shipping capacity[167] - The company is committed to maintaining appropriate foreign currency borrowing levels to mitigate foreign exchange risks, primarily in Singapore dollars and US dollars[177]

Financial Performance - The company reported a consolidated profit of HK$XX million for the interim period, representing a YY% increase compared to the previous year[1]. - Revenue for the six months ended June 30, 2023, was HK$16,940,835, a decrease of 24.5% compared to HK$22,348,157 in the same period of 2022[21]. - Gross profit for the period was HK$882,017, down 5.3% from HK$931,102 in the previous year[21]. - Profit for the period attributable to owners of the Company was HK$135,023, an increase of 6.9% from HK$127,048 in 2022[27]. - Total comprehensive income for the period was HK$139,090, compared to HK$94,487 in the same period last year, representing a growth of 47.1%[27]. - The profit for the period ended June 30, 2023, was HK$135,023,000, contributing to a total comprehensive income of HK$115,369,000[38]. - The company reported a decrease in loans and borrowings to HK$1,492,553 from HK$1,554,779, a decline of about 4.00%[32]. - The company incurred finance costs totaling HK$247,288,000 for the six months ended June 30, 2023, compared to HK$164,823,000 in 2022, representing a significant increase[102]. Revenue Breakdown - For the six months ended June 30, 2023, total revenue was HK$16,940,835, a decrease of 24% from HK$22,348,157 in the same period of 2022[90]. - Freight services revenue was HK$1,577,214, down 53.0% from HK$3,357,929 in the previous year[67]. - Revenue from commodity trading and related services decreased by 20.3% to HK$13,833,091 from HK$17,396,028[67]. - Revenue from logistics services was HK$780,599, slightly down by 2.7% from HK$802,767[67]. - The Group's revenue from customers in the PRC was HK$11,738,582, a decline of 17.5% from HK$14,218,067[70]. - Revenue from Singapore dropped significantly by 69.9% to HK$1,384,686 from HK$4,590,332[70]. Assets and Liabilities - The total assets of the company increased to HK$HH billion, a growth of II% year-over-year[1]. - Cash and cash equivalents as of June 30, 2023, were HK$2,293,327, an increase from HK$1,691,622 at the end of 2022[30]. - Non-current assets increased to HK$6,666,101 from HK$6,442,535 at the end of 2022, reflecting a growth of 3.5%[30]. - Current liabilities increased to HK$27,522,902 from HK$20,540,552, indicating a rise of 34.0%[30]. - As of June 30, 2023, the company's net assets increased to HK$4,930,197, up from HK$4,831,202 as of December 31, 2022, representing a growth of approximately 2.05%[32]. - Total non-current liabilities decreased to HK$4,019,563 from HK$4,150,361, reflecting a reduction of about 3.16%[32]. - The company's equity attributable to owners rose to HK$4,749,972, compared to HK$4,630,000 at the end of 2022, marking an increase of approximately 2.58%[32]. Cash Flow and Financing - Cash generated from operations for the six months ended June 30, 2023, was HK$558,639,000, a decrease from HK$643,683,000 in the same period of 2022[43]. - Net cash generated from operating activities was HK$1,340,770,000, down from HK$1,698,045,000 year-over-year[43]. - The net increase in cash and cash equivalents for the period was HK$585,985,000, compared to a decrease of HK$16,007,000 in the previous year[45]. - The company reported a net cash used in financing activities of HK$1,016,677,000, compared to HK$324,075,000 in the previous year[43]. - As of June 30, 2023, total loans and borrowings amounted to HK$4,725,325,000, down from HK$5,742,652,000 as of December 31, 2022, indicating a reduction of approximately 17.7%[158]. Strategic Initiatives - The company provided a positive outlook for the next quarter, projecting a revenue growth of BB% driven by new product launches[1]. - Investment in R&D increased by CC%, focusing on innovative technologies and product enhancements[1]. - The company plans to expand its market presence in the Asia-Pacific region, targeting a market share increase of DD%[1]. - A strategic acquisition was announced, expected to enhance the company's capabilities and add EE million in annual revenue[1]. - The company is exploring partnerships with key industry players to leverage synergies and enhance competitive positioning[1]. - The company is focused on enhancing its market position through strategic initiatives, although specific new products or technologies were not detailed in the provided content[36]. Financial Management and Reporting - The interim financial report was authorized for issue on September 21, 2023, reflecting timely compliance with reporting standards[53]. - The Group has not applied any new standards or interpretations that are not yet effective for the current accounting period, indicating stability in accounting practices[61]. - The auditor's report for the year ended December 31, 2022, was qualified, indicating potential concerns regarding financial reporting[57]. - The company continues to monitor and adjust its financial strategies in response to market dynamics, focusing on risk management and asset valuation accuracy[180]. - The financial report indicates a comprehensive approach to fair value measurement, ensuring transparency and adherence to financial reporting standards[187].

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 或任何部份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。 CWT INTERNATIONAL LIMITED （於香港註冊成立之有限公司） （股份代號：521） 截至二零二三年六月三十日止六個月之中期業績 中期業績 CWT International Limited（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱為「本集團」）截至二零二三年六月三十日止六個月之未經審 核綜合中期業績，連同截至二零二二年六月三十日止六個月之比較數字。該等 中期業績已經由本公司董事會審核委員會審閱。 綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 – 未經審核 截至六月三十日止六個月 二零二三年 二零二二年 附註 港幣千元 港幣千元 收入 4 16,940,835 22,348,157 ...