格隆汇8月15日丨金达控股(00528.HK)宣布，本公司将于2025年8月27日（星期三）举行董事会会议，藉 以（其中包括）(i)考虑及酌情通过本公司及其附属公司截至2025年6月30日止六个月的中期业绩及其刊 发；及(ii)考虑派发中期股息（如有）。 ...

承董事會命 金達控股有限公司 主席 任維明 金 達 控 股 有 限 公 司 （股份代號：528） （於開曼群島註冊成立的有限公司， 以「金達 （ 開曼 ） 有限公司」的名稱於香港經營業務） 董事會會議通告 金達控股有限公司（「本公司」）的董事會（「董事會」）謹此宣佈，本公司將於二 零二五年八月二十七日（星期三）舉行董事會會議，藉以（其中包括）(i)考慮及 酌情通過本公司及其附屬公司截至二零二五年六月三十日止六個月之中期業 績及其刊發；及(ii)考慮派發中期股息（如有）。 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。 KINGDOM HOLDINGS LIMITED 中華人民共和國浙江省 二零二五年八月十五日 於本公告日期，本公司執行董事為任維明先生、沈躍明先生、張鴻文先生及任 中先生；本公司非執行董事為顏錦棠先生；而本公司獨立非執行董事為劉英 傑先生、嚴建苗先生、張嬋女士及范磊先生。 ...

FF301 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 公司名稱: Kingdom Holdings Limited 金達控股有限公司 （於開曼群島註冊成立的有限公司，以「金達（開曼）有限公司」的名稱於香港經營業務） 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) | 00528 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | | 0.01 | HKD | | 30,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 3,000,000,000 | HKD | | 0.01 ...

Market Performance - The cyclical and consumer stocks rebounded, with oil and gas extraction, steel, and coal sectors rising, alongside duty-free shops, liquor, and tourism hotels [1] - The Shanghai Composite Index reached a new high, closing at 3628.53 points, with an intraday peak of 3636.17 points, marking the highest since October 9, 2024 [6] - The A-share financing balance increased to 19,684.21 billion, the highest since July 2015, with the Shanghai financing balance surpassing 10,000 billion [6] Box Office Performance - As of July 29, the total box office for the summer season (June to August) exceeded 5.5 billion, with "Nanjing Photo Studio" grossing over 600 million in its first five days, becoming the third film to break 600 million in a week during the summer season [3] Banking Sector - The banking sector saw a rebound, with all stocks in the sector rising, particularly Qingnong Commercial Bank and Postal Savings Bank [7] - A-share listed banks announced a total dividend of 632.59 billion for 2024, a year-on-year increase of 3.14%, with state-owned banks accounting for 66.5% of the total dividends [10] - Several banks have disclosed their mid-term dividend plans for 2025, indicating a potential window for investment in bank stocks from August to September [10] Insurance Sector - The insurance sector, including China Ping An and New China Life, saw stock prices rise over 2%, with China Ping An reaching a new high in the current rebound [10] - The dynamic adjustment mechanism for preset interest rates is expected to improve the liability costs and net investment returns for life insurance companies, alleviating asset allocation pressures [11]

Market Overview - The cyclical and consumer stocks rebounded, with oil and gas extraction, steel, and coal sectors rising, alongside duty-free shops, liquor, and tourism hotels [1] - The Shanghai Composite Index reached a new high, closing at 3628.53 points, with an intraday peak of 3636.17 points, marking the highest level since October 9, 2024 [3] Financing and Investment Trends - A-share financing balance increased to 19684.21 billion, the highest since July 2015, with the Shanghai market's financing balance surpassing 10000 billion [3] - The structure of incremental funds in A-shares has varied across three market phases this year, with different contributors such as retail investors, private equity, and foreign capital [3] Banking Sector Performance - The banking sector rebounded, with all stocks in the sector rising, particularly Qingnong Commercial Bank and Postal Savings Bank [5] - A-share listed banks' total dividend for 2024 reached 6325.94 billion, a 3.14% increase year-on-year, with state-owned banks accounting for 66.5% of total dividends [8] Insurance Sector Performance - The insurance sector saw significant gains, with China Ping An and New China Life both rising over 2%, and Ping An reaching a new high in this rebound [9] - The dynamic adjustment mechanism for preset interest rates is expected to improve the liability costs and net investment returns for life insurance companies, alleviating asset allocation pressures [9]

Financial Performance - The Group recorded a sales growth of 5.2% for the year, reaching RMB 2.57 billion[16] - The Group experienced a loss of RMB 43.0 million for the year, attributed to the inventory impairment[16] - The Group's revenue for the year increased by approximately 5.2% year-on-year to RMB 2,571,606,000, compared to RMB 2,445,428,000 in 2023[39] - Gross profit decreased by approximately 62.8% year-on-year to RMB 153,274,000, with a gross profit margin dropping by 10.8 percentage points to 6.0%[39] - The Group's loss for the year amounted to RMB 43,338,000, compared to a profit of RMB 162,790,000 in 2023[39] - Revenue from overseas sales amounted to RMB 1,492,134,000, representing approximately 58.0% of the Group's total revenue[44] - Revenue from the European Union countries was approximately RMB 516,543,000, accounting for about 20.1% of total revenue, while non-EU countries contributed approximately RMB 975,591,000, or 37.9%[44] - Domestic sales in China dropped by approximately 9.6% to RMB 1,079,472,000, representing about 42.0% of total revenue[46] - Other income and gains decreased to approximately RMB 11,384,000 from RMB 18,927,000 in 2023, primarily due to lower interest income and government grants[76] - Selling and distribution expenses amounted to approximately RMB 34,476,000, accounting for 1.3% of revenue, down from 1.7% in 2023, attributed to reduced sales commissions[77] - The Group recorded a net loss of approximately RMB 43,338,000 for the year, compared to a profit of approximately RMB 162,790,000 in 2023[89] Inventory and Impairment - An impairment provision of approximately RMB 199 million for inventories was recognized due to significant drops in raw material and flax yarn prices in Q4 2024[16] - A provision for inventory impairment of approximately RMB 199,431,000 was made as of December 31, 2024, due to significant drops in raw material and flax yarn prices[39] - The impairment provision for inventories as of December 31, 2024, was approximately RMB199,431,000, reflecting the difference between inventory costs and net realizable values[71] Production and Capacity - The Group's production capacity in China totals 23,000 tonnes, with all four production bases operating at near full capacity[59] - The new production facility in Ethiopia has boosted the Group's annual production capacity by 5,000 tonnes, with production ramping up to about 70%[66] - The Group owns 78.67% equity interest in the Heilongjiang facility, marking its entry into the industrial hemp yarn market, which is expected to grow due to national policies[60] Supply Chain and Operations - The company aims to improve operational efficiency and optimize the global supply chain through globalization, process orientation, standardization, and digitalization strategies[22] - The Group is collaborating with CottonConnect to develop the REEL Linen Code of Conduct, focusing on sustainability and traceability in the linen supply chain[54] - The Group plans to build a warehouse in Heilongjiang to manage the supply chain of hemp materials, aiming to establish it as a national trading hub for hemp in China[53] - The Group's production bases are continuously being improved with the latest management systems and technologies, enhancing overall production efficiency and reducing costs[58] Financial Position - The total assets of the Group as of December 31, 2024, were RMB 3,115,009,000, a decrease from RMB 3,283,176,000 in 2023[31] - The total liabilities of the Group as of December 31, 2024, were RMB 1,640,180,000, compared to RMB 1,695,964,000 in 2023[31] - The Group's net current assets as of December 31, 2024, were approximately RMB 477,487,000 (2023: RMB 562,864,000), with total cash and deposits decreasing to approximately RMB 277,650,000 (2023: RMB 521,256,000)[107] - The liquidity ratio as of December 31, 2024, was approximately 129.9% (2023: 134.6%), and total equity was approximately RMB 1,474,829,000 (2023: RMB 1,587,212,000)[108] - The gross debt gearing ratio increased to approximately 69.4% as of December 31, 2024 (2023: 54.8%) due to higher borrowings[109] Dividends - The Board has recommended a final dividend of HK$0.05 per share for the year, down from HK$0.09 in 2023[40] - The Board proposed a final dividend of HKD 0.05 per share for the year, down from HKD 0.09 per share in 2023[43] - A final dividend of HK$0.05 per ordinary share has been recommended for the Year, pending approval at the upcoming annual general meeting[182] - The board proposed a final dividend of HKD 0.05 per ordinary share, subject to shareholder approval at the upcoming annual general meeting[189] Employee and Governance - The Group has 3,703 employees as of December 31, 2024, a slight increase from 3,700 employees in 2023[131] - The Group has adopted a share option scheme and a share award plan to incentivize Directors and employees contributing to the Group's success[135] - The company has a strong governance structure with a mix of executive and independent non-executive directors to ensure effective oversight[153][154] - The management team has a significant ownership stake in the company, aligning their interests with those of shareholders[145][147][148] Market and Economic Conditions - The Group faces risks including unstable demand for linen yarn, protectionism, and potential punitive tariffs on products made in China[176] - The Group's diversification of the supply chain is deemed urgent due to the aging population in China and rising operating costs in Asia[137] - The management team anticipates challenges in 2025 and beyond due to ongoing tariffs and political divergences among superpowers[137] Charitable Contributions - Charitable donations made by the Group during the Year totaled approximately RMB200,000, compared to RMB139,000 in 2023[185] - Charitable donations made by the group during the year totaled approximately RMB 200,000, compared to RMB 139,000 in 2023[192]

Financial Performance - The group's revenue increased by approximately 5.2% from RMB 2,445,428,000 in the year ended December 31, 2023, to RMB 2,571,606,000 in the year ended December 31, 2024, due to higher average selling prices[2] - The gross profit margin decreased by 10.8 percentage points to approximately 6.0% for the year ended December 31, 2024, attributed to higher average material costs[2] - The net loss for the year was approximately RMB 43,338,000, compared to a profit of approximately RMB 162,790,000 for the year ended December 31, 2023[3] - The loss attributable to equity holders of the parent company was approximately RMB 45,380,000, compared to a profit of approximately RMB 163,611,000 for the previous year[3] - The basic and diluted loss per share for the year was approximately RMB 0.07, down from earnings of approximately RMB 0.27 per share in the previous year[3] - The group reported a pre-tax loss of RMB 43,854,000 in 2024, compared to a profit of RMB 221,191,000 in 2023[33] - The total income tax expense for the year was a credit of RMB 516,000, a significant decrease from an expense of RMB 58,401,000 in 2023[34] - The company’s gross profit decreased by approximately 62.8% to RMB 153,274,000, resulting in a gross margin decline of 10.8 percentage points to 6.0%[62] Dividends - The board proposed a final dividend of HKD 0.05 per ordinary share for the year ended December 31, 2024, down from HKD 0.09 in the previous year[2] - Proposed final dividend for 2024 is HKD 0.05 per share, totaling approximately RMB 29,155,000, pending shareholder approval[36] - The company plans to pay a final dividend of HKD 0.05 per share for the year, down from HKD 0.09 in 2023, reflecting a commitment to shareholder returns while reserving resources for further expansion[62] Inventory and Assets - The total inventory as of December 31, 2024, was RMB 1,195,126,000, an increase from RMB 1,019,545,000 in the previous year[5] - Non-current assets decreased from RMB 1,093,960,000 in the previous year to RMB 1,041,403,000 as of December 31, 2024[5] - The carrying amount of non-current assets subject to impairment testing was RMB 980,000,000 as of December 31, 2024, compared to RMB 1,043,000,000 in 2023[22] - Inventory carrying amount increased to RMB 1,195,126,000 as of December 31, 2024, from RMB 1,019,545,000 in 2023, representing an increase of approximately 17.3%[23] - The total value of right-of-use assets decreased from RMB 68,815,000 at the beginning of 2023 to RMB 61,818,000 by the end of 2024, reflecting a depreciation expense of RMB 3,746,000 for the year[41] Liabilities and Borrowings - Current liabilities totaled RMB 1,596,119,000 as of December 31, 2024, compared to RMB 1,626,352,000 in the previous year[5] - The total accounts payable and notes payable as of December 31, 2024, was RMB 454,696,000, a decrease of 22.6% from RMB 587,651,000 in 2023[51] - The total amount of current interest-bearing bank and other borrowings increased to RMB 989,556,000 in 2024 from RMB 833,806,000 in 2023, representing an increase of 18.7%[53] - The current portion of bank loans due within one year rose to RMB 938,693,000 in 2024 from RMB 782,480,000 in 2023, an increase of 20.0%[54] - Interest-bearing bank and other borrowings increased by 17.8% to approximately RMB 1,023,992,000[92] Revenue Breakdown - Revenue from mainland China decreased to RMB 1,079,472,000 in 2024 from RMB 1,194,237,000 in 2023, a decline of about 9.6%[26] - Revenue from the European Union increased to RMB 516,543,000 in 2024 from RMB 468,957,000 in 2023, reflecting a growth of approximately 10.2%[26] - Revenue from continuing operations amounted to RMB 324,706,000, with no revenue reported in 2023 from a single customer[27] - Total customer contract revenue for 2024 was RMB 2,571,606,000, representing an increase of 5.2% from RMB 2,445,428,000 in 2023[29] - Sales of hemp yarn, hemp fiber, and waste accounted for RMB 2,344,251,000 in 2024, slightly up from RMB 2,339,400,000 in 2023[29] Operational Developments - The company has established four production bases in China with a total annual capacity of 23,000 tons, all operating near full capacity[70][73] - The company is investing in a new production facility in Ethiopia, which will increase annual capacity by 5,000 tons, with the project expected to benefit from reduced costs and tariffs[72] - The company is establishing a warehouse in Heilongjiang Province to manage the storage and supply chain of industrial hemp fiber, aiming to make it a national trade center for hemp materials in China[67] - The company has entered into foreign exchange forward contracts to manage currency risks, with no significant derivative financial assets or liabilities recorded as of December 31, 2024[101] Employee and Governance - The total employee cost for the year decreased by approximately 4.7% to RMB 250,102,000, compared to RMB 262,496,000 in the previous year[102] - The total number of employees as of December 31, 2024, was 3,703, a slight increase from 3,700 in 2023[102] - The company has adopted stock option and share incentive plans to motivate and reward employees contributing to its business success[102] - The company has established an audit committee to review and monitor financial reporting processes and risk management systems[115] - The audit committee consists of three independent non-executive directors, with Mr. Liu Yingjie as the chairman, ensuring compliance with corporate governance codes[117] Market Position and Future Outlook - The company continues to maintain its position as China's largest pure linen yarn exporter for 22 consecutive years, demonstrating its market leadership[60] - The company anticipates a positive long-term outlook for the linen industry, driven by changing consumer preferences towards sustainable and high-quality products[65] - The company is collaborating with CottonConnect to promote sustainability in the flax industry through the REEL flax behavior code[68] - The group plans to establish a new factory in Egypt, with feasibility studies already conducted and registration planned for 2024[100] - The company is conducting feasibility studies for establishing a new factory in Egypt, which could benefit from reduced or zero import tariffs from EU member states[103]

Revenue Growth - Revenue increased by approximately 37.5% to approximately RMB1,129,916,000 for the Review Period from approximately RMB821,476,000 for the Previous Period[8] - Domestic sales amounted to RMB538,944,000, contributing approximately 47.7% of total revenue, with a year-on-year increase of approximately 56.4%[11] - Overseas sales reached RMB590,972,000, contributing approximately 52.3% of total revenue, with a year-on-year increase of approximately 23.9%[11] - Revenue for the six months ended June 30, 2024, reached RMB 1,129,916,000, a 37.5% increase from RMB 821,476,000 in the same period of 2023[127] - Revenue from Mainland China was RMB 538,944,000, up 56.6% from RMB 344,603,000 in the previous year[127] - Revenue from the European Union increased to RMB 253,008,000, a rise of 5.8% compared to RMB 240,230,000 in 2023[127] Profitability - Profit for the Review Period increased by approximately 16.3% to RMB78,508,000 from approximately RMB67,500,000 for the Previous Period[8] - Profit attributable to the owners of the parent increased by approximately 9.5% to RMB73,961,000 for the Review Period from approximately RMB67,549,000 for the Previous Period[8] - Basic earnings per share increased by 9.1% to approximately RMB0.12 for the Review Period from RMB0.11 for the Previous Period[8] - Profit before tax increased to RMB 108,260, a rise of 22.4% from RMB 88,484 in the previous year[103] - Profit for the period was RMB 78,508, compared to RMB 67,500 in 2023, marking a growth of 16.4%[104] - The company reported a profit for the period of RMB 73,961, contributing to the overall increase in equity[108] Cost and Expenses - Gross profit margin slightly decreased by approximately 1.2 percentage points to approximately 17.6% for the Review Period from approximately 18.8% for the Previous Period[8] - The average procurement unit price for raw materials rose to approximately RMB73,999 per tonne, a 65.7% increase from RMB44,658 in the previous year, due to supply shortages[13] - Selling and distribution expenses amounted to approximately RMB16,164,000, accounting for approximately 1.4% of total revenue, a decrease from 1.7% in the previous period[21] - Administrative expenses increased by approximately 7.9% to RMB 53,271,000 from RMB 49,361,000 in the previous period, primarily due to higher staff costs and consulting fees[26] - Other expenses rose significantly to approximately RMB 7,293,000 from RMB 673,000, mainly due to a net exchange loss of RMB 4,268,000[28] - Finance costs totaled approximately RMB 18,660,000, an increase from RMB 15,326,000 in the previous period, with net borrowing interest expenses rising to RMB 18,512,000[29] Assets and Liabilities - As of June 30, 2024, the Group's total assets were approximately RMB 3,443,266,000, an increase from RMB 3,283,176,000 as of December 31, 2023[41] - The Group's net current assets as of June 30, 2024, were approximately RMB 614,907,000, compared to RMB 562,864,000 as of December 31, 2023[40] - Current interest-bearing bank loans amounted to RMB 391,380,000, an increase of 15.1% from RMB 339,817,000 as of December 31, 2023[48] - The gross debt gearing ratio increased to approximately 66.3% as of June 30, 2024, from 54.8% as of December 31, 2023[41] - Total financial liabilities at amortised cost reached RMB 1,694,035,000 as of June 30, 2024, including interest-bearing bank borrowings of RMB 1,064,796,000 and trade payables of RMB 488,255,000[164] Production and Capacity - The Group produced a total of 220 tonnes of hemp yarn during the review period, marking its first venture into the hemp yarn market[16] - The Group has five production bases with a total annual capacity of 34,000 tonnes, with utilization rates around 85% for most factories[15] - The Group's factory in Ethiopia is expected to contribute additional production capacity, enhancing overall operational efficiency[64] - 2024 is anticipated to be a bumper year for raw materials, with an expected abundant supply enabling strategic release of production capacity[64] Corporate Governance and Shareholder Information - The Company has adopted a Share Option Scheme since 30 May 2016, but no options have been granted under this scheme since its adoption[85] - The Share Award Plan, adopted on 26 August 2016, aims to incentivize and reward eligible persons for their contributions, with no shares awarded during the review period[89] - The Company has complied with all corporate governance code provisions throughout the review period, except for a deviation regarding the separation of roles of chairman and chief executive officer[96] - The Company does not have a chief executive officer; the chairman oversees general operations, which the Board believes does not impair the balance of power[97] - As of June 30, 2024, Mr. Ren Weiming holds a total of 327,062,000 shares, representing approximately 51.94% of the issued share capital[69] Future Outlook - The Group is optimistic about the future of the linen textile industry and plans to maintain production scale while monitoring international market developments[13] - Future plans include maintenance of existing factory projects and a potential factory setup in Egypt or Northern Africa[54] - The investment in Ethiopia is expected to reduce costs and provide duty-free access to European markets under the Everything but Arms initiative[17] - Overall, the company remains optimistic about future growth, citing a strong pipeline of products and services[180]

Financial Performance - Revenue increased by approximately 37.5% from RMB 821,476,000 in the previous period to RMB 1,129,916,000 in the review period[1] - Profit for the period rose by approximately 16.3% to RMB 78,508,000 from RMB 67,500,000 in the previous period[2] - Profit attributable to equity holders of the parent increased by approximately 9.5% to RMB 73,961,000 from RMB 67,549,000[2] - Basic earnings per share increased by 9.1% to approximately RMB 0.12 from RMB 0.11 in the previous period[2] - Total comprehensive income for the period amounted to RMB 70,786,000, compared to RMB 66,880,000 in the previous period[3] - The company reported a gross profit of RMB 221,016 thousand for the six months ended June 30, 2024, compared to RMB 173,921 thousand in 2023, indicating improved profitability[19] - Gross profit increased by about 28.5% to approximately RMB 198,845,000, with a gross margin decline of about 1.2 percentage points to approximately 17.6%[32] Assets and Liabilities - Non-current assets decreased from RMB 1,093,960,000 to RMB 1,060,790,000[4] - Current assets increased from RMB 2,189,216,000 to RMB 2,382,476,000[4] - Total liabilities increased from RMB 1,626,352,000 to RMB 1,767,569,000[4] - Net assets attributable to equity holders of the parent increased from RMB 1,522,981,000 to RMB 1,537,864,000[5] - Non-current assets as of June 30, 2024, totaled RMB 1,045,993 thousand, a decrease from RMB 1,078,857 thousand as of December 31, 2023[12] - The total amount of trade receivables increased to RMB 508,406,000 from RMB 558,356,000, with trade receivables of RMB 439,664,000[24] - The total accounts payable decreased to RMB 488,255,000 from RMB 587,651,000[25] - The net current assets as of June 30, 2024, were approximately RMB 614,907,000, an increase from RMB 562,864,000 as of December 31, 2023[42] - The total assets as of June 30, 2024, were approximately RMB 3,443,266,000, compared to RMB 3,283,176,000 as of December 31, 2023[42] Sales and Market Performance - Domestic sales contributed approximately 47.7% of total revenue, amounting to RMB 538,944,000, a year-on-year increase of about 56.4%[27] - Overseas sales accounted for approximately 52.3% of total revenue, totaling RMB 590,972,000, with a year-on-year increase of about 23.9%[27] - Sales of linen yarn, hemp yarn, and waste accounted for RMB 1,106,745 thousand, up from RMB 802,256 thousand, reflecting a significant growth in product sales[16] - The average selling price of linen yarn increased, despite a slight decrease in sales volume from 7,275 tons to 7,179 tons, a reduction of 1.3%[26] - Domestic sales in China grew by 56.4%, while export sales to the EU and non-EU regions rose by approximately 5.3% and 42.8%, respectively[31] Costs and Expenses - The company incurred research and development expenses of RMB 8,746 thousand for the six months ended June 30, 2024, down from RMB 12,656 thousand in the previous year, indicating a focus on cost management[19] - Interest expenses on bank loans increased to RMB 18,512 thousand in the first half of 2024, compared to RMB 16,235 thousand in the same period of 2023[18] - The group reported a total tax expense of RMB 29,752,000 for the period, compared to RMB 20,984,000 in the previous year[7] - The financial costs totaled approximately RMB 18,660,000, up from RMB 15,326,000 in the previous period[37] - The total employee cost for the review period was approximately RMB 79,101,000, a decrease from RMB 80,261,000 in the previous period, with a total of 3,736 employees as of June 30, 2024[50] Corporate Governance and Strategy - The company aims to enhance long-term shareholder returns by implementing a strategy focused on sustainable development and technological innovation[56] - The company is committed to good corporate governance practices to enhance investor confidence, and it has adhered to the corporate governance code throughout the review period, except for a specific deviation noted[63] - The chairman and CEO roles are separated, with Mr. Ren Wei Ming serving as chairman, ensuring a balance of power and effective operations within the company[64] - An audit committee has been established in accordance with the listing rules, consisting of three independent non-executive directors, and the interim results have been reviewed without dissent[65] Future Outlook and Risks - The company anticipates a bountiful year for raw materials in 2024, expecting sufficient supply to strategically release production capacity[54] - The company faces risks related to demand for linen yarn, trade protectionism, and potential punitive tariffs on Chinese products[53] - The company has no plans for significant acquisitions or capital assets, except for maintenance of existing factory projects and potential establishment of a factory in Egypt or North Africa[48] - The company has not recorded any significant derivative financial assets or liabilities as of June 30, 2024[49] - There have been no significant events disclosed since December 31, 2023[52] Dividends - The group did not declare any interim dividends for the six months ended June 30, 2024, consistent with the previous year[22] - No interim dividend has been recommended for the six months ending June 30, 2024, consistent with the previous year[57] - As of June 30, 2024, a total of 13,230,750 shares are held by the trustee for future grants, representing approximately 2.1% of the company's issued shares[60]

Financial Performance - Kingdom Holdings recorded a sales growth of 21.0% for the year, reaching RMB 2.4 billion, with a profit of RMB 162.8 million[16]. - The Group's revenue for the year increased by approximately 21.0% to RMB2,445,428,000 compared to RMB2,021,055,000 in 2022[43]. - Gross profit rose by approximately 6.4% year-on-year to RMB411,488,000, while the overall gross profit margin decreased by 2.3 percentage points to 16.8%[43]. - Profit for the year was RMB162,790,000, a decrease from RMB171,808,000 in 2022[43]. - Revenue from overseas sales amounted to RMB1,251,191,000, representing approximately 51.2% of the Group's total revenue[45]. - Domestic sales in China increased by approximately 54.2% to RMB 1,194,237,000, accounting for approximately 48.8% of the Group's total revenue[52][53]. - Other income and gains for the year recorded a net gain of RMB18,927,000, down from RMB54,431,000 in the previous year[79]. - The Group recorded a net profit of approximately RMB162,790,000 for the Year, compared to RMB171,808,000 for the year ended 31 December 2022, representing a decrease of about 5.9%[92][98]. Operational Efficiency - The Group's total consumption of electricity, water, steam, and natural gas decreased by 7.0%, 6.1%, 12.5%, and 6.8% respectively[17]. - The Group's production capacity for linen and industrial hemp yarn is currently 23,000 tonnes, with high utilization rates across its four production bases in China[65][67]. - The Group's production bases are continuously improved with the latest technologies, enhancing operational efficiency and reducing production costs[64][67]. - The Group aims to improve production processes to enhance operational efficiencies in pursuit of sustainable development[181]. Sustainability Initiatives - Kingdom achieved carbon neutrality in November 2023, verified by SGS, through various carbon emission reduction initiatives[18]. - The company has integrated Environmental, Social, and Governance (ESG) principles into its business strategy to ensure sustainable operations[17]. - The Group is collaborating with CottonConnect to develop the REEL Linen Code of Conduct, focusing on sustainability and traceability in the linen supply chain[59][61]. - The Group aims to promote the REEL Linen Code of Conduct, a sustainability initiative to improve environmental and product quality standards in the linen industry[145]. - The company has launched the REEL initiative aimed at promoting sustainable practices in the linen industry, focusing on improving environmental conditions and product traceability in its global supply chain[148]. Challenges and Risks - The geopolitical tensions and disruptions in shipment routes have posed challenges to the Group's operations during the year[15]. - The Group's principal risks include unstable demand for linen yarn, protectionism, and potential punitive tariffs on products made in China[188]. - The year 2024 and beyond are expected to be challenging due to geopolitical tensions and rising operational costs in Asia[143]. Dividends and Shareholder Relations - The Board has recommended a final dividend of HK$0.09 per ordinary share for the year, consistent with the previous year[24]. - The Board recommended a final dividend of HK$0.09 per share for the year, unchanged from 2022[44]. - The Chairman expressed gratitude to shareholders and business partners for their continuous support during the challenging year[25]. Future Outlook - Looking ahead to 2024, the company will focus on globalization, process orientation, standardization, and digitalization to enhance operational efficiency and customer service quality[23]. - The Group plans to establish a new factory in Egypt in 2024 to diversify its supply chain, following a feasibility study conducted in 2023[133]. - The company is conducting feasibility studies for new factories in Egypt and North Africa to diversify its supply chain, benefiting from potential EU tariff exemptions[148]. - The company plans to cautiously advance the new factory project in 2024, responding to the increasing operational costs in Asia and the aging population in China[148]. Employee and Management Information - As of December 31, 2023, the Group had a total of 3,700 employees, a decrease from 4,087 employees in 2022[135]. - Total staff costs for the year increased by approximately 0.3% to RMB 262,496,000, compared to RMB 261,764,000 in 2022[135]. - Ms. Shen Hong, aged 57, has over 20 years of financial experience and is the Group's managing director[161]. - Mr. Yan Jianmiao, aged 58, is an independent non-executive director with a strong academic background in economics and international trade[170]. - Mr. Chan Yan Kwan Andy, aged 55, serves as the chief financial officer and has over 20 years of experience in accounting and finance[174].