SIS INT'L(00529)

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SIS INT'L(00529) - 董事会会议日期
2025-08-14 12:11
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,對其準確性及完 整性亦不發表任何聲明,並明確表示,概不就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。 SIS INTERNATIONAL HOLDINGS LIMITED 新龍國際集團有限公司* (於百慕達註冊成立之有限公司) (股份代號:00529) 董事會會議日期 新龍國際集團有限公司(「本公司」)董事會(「董事會」)宣佈,董事會會議將 於二零二五年八月二十六日(星期二)舉行,以(其中包括)考慮及審批本公司及 其附屬公司截至二零二五年六月三十日止之六個月中期業績,並考慮派發中期股息 (如有)。 承董事會命 新龍國際集團有限公司 公司秘書 趙麗珍 香港,二零二五年八月十四日 於本公告日期,林家名先生、林惠海先生、林慧蓮女士、林郁磊先生及林易先生為本公司執 行董事;吳思煒女士、陳嫦萍女士、杜珠聯女士及朱頌儀女士為獨立非執行董事。 * 僅供識別 ...
SIS INT‘L(00529):陈嫦萍辞任独立非执董事
智通财经网· 2025-08-12 08:49
智通财经APP讯,SIS INT'L(00529)发布公告,陈嫦萍已提出辞任公司独立非执董事,以及审核委员会 主席、提名委员会及薪酬委员会成员,以投入更多时间于其他个人事务,并将于2025年8月17日生效。 紧随陈嫦萍的辞任,独立非执行董事朱颂仪将由审核委员会成员调任为主席,自2025年8月17日起生 效。 ...
SIS INT'L(00529) - 董事名单与其角色和职能
2025-08-12 08:46
SiS INTERNATIONAL HOLDINGS LIMITED 新龍國 際集團有限 公司 * 於 二零二 五 年 八 月 十 七 日 起 生 效 , 新 龍 國 際 集 團 有 限 公 司 董 事 會 (「 董 事 會 」) 成 員 載 列 如 下 : 執 行 董 事 林 家 名 先 生 ( 主 席 兼 行 政 總 裁 ) 林惠海 先 生 林慧蓮 女 士 林 郁 磊 先 生 林 易 先 生 獨 立 非 執 行 董 事 朱 頌 儀 女 士 杜珠聯 女 士 吳 思 煒 女 士 董 事 會 下 設 三 個 委 員 會 。 下 表 提 供 若 干 董 事 會 成 員 在 這 些 委 員 會 中 所 擔 任 的 職 位 : | 董 事 | 審 核 委 員 會 | 提 名 委 員 會 | 薪 酬 委 員 會 | | --- | --- | --- | --- | | 林 家 名 先 生 | - | C | M | | 朱 頌 儀 女 士 | C | M | C | | 杜珠聯 女 士 | M | M | M | | 吳 思 煒 女 士 | M | M | M | (於百慕達註冊成立之有限公司) (股份代號:0052 ...
SIS INT'L(00529) - 独立非执行董事辞任
2025-08-12 08:43
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,對其準確性及完整性 亦不發表任何聲明,並明確表示,概不就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。 獨立非執行董事辭任 新龍國際集團有限公司(「本公司」)董事會(「董事會」)謹此宣佈,陳嫦萍女士(「陳 女士」)已提出辭任本公司獨立非執董事,以及審核委員會主席、提名委員會及薪酬委 員會成員,以投入更多時間於其他個人事務,並將於二零二五年八月十七日生效。 陳女士已確認,彼與董事會及本公司之間概無意見分歧,亦無有關彼辭任之其他事宜需 敦請香港聯合交易所有限公司及本公司股東垂注。 承董事會命 SIS INTERNATIONAL HOLDINGS LIMITED 新龍國際集團有限公司* (於百慕達註冊成立之有限公司) (股份代號:00529) 董事會謹藉此機會感謝陳女士於任內之付出及對本公司作出之寶貴貢獻。 緊隨陳女士之辭任,獨立非執行董事朱頌儀女士將由審核委員會成員調任為主席,自二 零二五年八月十七日起生效。 香港,二零二五年八月十二日 於本公告日期,林家名先生、林惠海先生、林慧蓮女士、林郁磊先生及林易先生為 ...
SIS INT'L(00529) - 附属公司业绩
2025-08-12 08:40
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,對其準確性及完整性 亦不發表任何聲明,並明確表示,概不就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。 SIS INTERNATIONAL HOLDINGS LIMITED (於百慕達註冊成立之有限公司) (股份代號:00529) 附屬公司業績 新龍國際集團有限公司(「本公司」)根據香港法例第 571 章證券及期貨條例第 XIVA 部項下內幕消息條文(定義見香港聯合交易所有限公司證券上市規則(「上市 規則」))及上市規則第 13.09(2)(a) 條發出本公告。 本公司持有 60.8%有效權益之附屬公司 SiS Distribution (Thailand) Public Company Limited(「SiS Thai」)(泰國交易所股份代號:SIS)於泰國證券交易所網站披露其 截至二零二五年六月三十日止六個月的未經審核綜合財務資料。該等財務資料乃根據 泰國企業會計準則編製。 以下載列 SiS Thai 截至二零二五年六月三十日止六個月未經審核主要財務數據: | | | 截至六月三十日止六個月 | | ...
SIS INT'L(00529) - 截至2025年7月31日止月份之股份发行人的证劵变动月报表
2025-08-01 09:17
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 新龍國際集團有限公司 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) | 00529 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 350,000,000 | HKD | | 0.1 | HKD | | 35,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 350,000,000 | HKD | | 0.1 | HKD | | 35,000,000 | 本月底法定/註冊股本總額: HK ...
SIS INT'L(00529) - 2024 - 年度财报
2025-04-28 09:06
Financial Performance - The company's net profit reached HKD 213.4 million, an increase of 33% compared to HKD 160.4 million in the previous year[18]. - Total revenue decreased by 1% from HKD 9.07 billion to HKD 9.01 billion[22]. - The net asset value per share increased by 2.7% from HKD 14.6 to HKD 15.0[22]. - Earnings per share rose by 54% from HKD 0.319 to HKD 0.490[22]. - Distribution revenue totaled HKD 8.67 billion, a decline of 1% year-on-year[20]. - SiS Distribution (Thailand) contributed a classified profit of HKD 213.7 million, with a growth rate of 4.6%[20]. - The company recorded a fair value loss of HKD 127.6 million in the Hong Kong commercial property market[23]. - The retained earnings available for distribution to shareholders decreased from HKD 1,078,318,000 in 2023 to HKD 1,047,336,000 in 2024[162]. - The company’s total distributable reserves as of December 31, 2024, amounted to HKD 1,076,522,000[162]. - The company’s ability to declare dividends is contingent upon its operating performance and financial condition[163]. Assets and Liabilities - As of December 31, 2024, the total assets of the group amounted to HKD 8,530,115,000, with total equity of HKD 4,176,197,000 and total liabilities of HKD 4,353,918,000[31]. - The current ratio improved to approximately 1.26 as of December 31, 2024, compared to 1.08 as of December 31, 2023[31]. - Cash and bank deposits at the end of 2024 were HKD 1,438,647,000, an increase from HKD 1,284,363,000 in 2023[31]. - The debt-to-equity ratio decreased to 68% as of December 31, 2024, down from 78% in 2023[32]. Employee and Compensation - The number of employees increased to 1,233 as of December 31, 2024, compared to 1,160 in 2023[34]. - Total employee compensation and benefits for the year amounted to HKD 296,991,000, up from HKD 255,378,000 in 2023[34]. - The employee turnover rate for those under 30 years old is 21.6%, with male turnover at 18.2% and female turnover at 23.9%[113]. - In fiscal year 2024, approximately 54% of employees participated in career development-related training, with an average training time of 3.7 hours per employee[120]. - Average training hours by gender: Male employees received an average of 4.5 hours (61% trained), while female employees received 3.0 hours (49% trained)[125]. Corporate Governance - The board of directors consists of nine members, with five being female, reflecting a commitment to diversity[45]. - The audit committee held four meetings during the year ending December 31, 2024, reviewing the group's financial performance[48]. - The nomination committee met twice in the year ending 2024 to assess the independence of non-executive directors[52]. - The remuneration committee held two meetings during the year to review and determine the compensation for executive directors and senior management[53]. - The company has established a nomination policy effective from January 1, 2019, outlining the criteria for board member selection[41]. - The company recognizes the importance of a diverse board as a competitive advantage, considering various factors such as gender and professional experience[45]. - The audit committee is responsible for monitoring the integrity of financial statements before submission to the board[49]. - The company has appointed Deloitte as the external auditor, with fees for audit services amounting to HKD 5,290,000, tax advisory services at HKD 202,000, and other services totaling HKD 570,000, leading to a total of HKD 6,062,000 for the year ending December 31, 2024[61]. - The company has complied with the corporate governance code as per the listing rules for the year ending December 31, 2024[196]. - All independent non-executive directors have confirmed their independence in accordance with the listing rules[196]. Environmental, Social, and Governance (ESG) - The report covers the environmental, social, and governance (ESG) performance for the fiscal year 2024, from January 1, 2024, to December 31, 2024[73]. - The company has established an ESG governance framework, with the board responsible for overseeing significant ESG issues and performance[80]. - A comprehensive assessment of ESG components has been conducted to understand their importance to stakeholders and the company's operations[84]. - The report adheres to the guidelines set forth by the Hong Kong Stock Exchange for ESG reporting[74]. - The company aims to create long-term value for stakeholders while balancing environmental and social interests[80]. - The report includes measurable key performance indicators to evaluate the effectiveness of ESG policies and management systems[79]. - The company reported a total greenhouse gas emissions of 6,753 tons for the fiscal year 2024, a decrease from 9,923 tons in fiscal year 2023, reflecting a reduction of approximately 32.8%[95]. - Energy consumption for the fiscal year 2024 was 14,106,000 kWh, down from 17,370,000 kWh in fiscal year 2023, indicating a reduction of about 18.5%[97]. - Water usage decreased to 180,782 cubic meters in fiscal year 2024 from 241,882 cubic meters in fiscal year 2023, representing a reduction of approximately 25.3%[97]. - The company maintained zero direct greenhouse gas emissions (Scope 1) from fuel consumption during the reporting period[94]. - Indirect emissions (Scope 2) were recorded at 6,689 tons in fiscal year 2024, down from 9,881 tons in fiscal year 2023, marking a reduction of about 32.2%[95]. - The company has implemented energy systems in its iconic building in Japan to save energy and reduce greenhouse gas emissions, setting an example for other organizations[100]. - The company is committed to sustainable practices, including the recycling of electronic equipment under the Hong Kong WEEE Producer Responsibility Scheme[101]. - The company plans to continue reviewing and developing its ESG policies and goals to improve its ESG performance in the future[89]. - The company has identified key climate-related risks and their potential financial impacts, including increased compliance costs due to stricter environmental regulations in Hong Kong and Japan[105]. Strategic Initiatives - The group plans to expand its distribution business and optimize its capital structure to drive long-term growth[26]. - The management demonstrated resilience and adaptability in response to ongoing global challenges, preparing for sustained performance[26]. - The company aims to enhance operational resilience by diversifying its supply chain and strengthening infrastructure against extreme weather events[108]. - The company plans to expand its range of environmentally friendly products in response to increasing customer demand for sustainable technology[105]. - The company has implemented energy-efficient measures to reduce operational costs and improve business efficiency[108]. Shareholder Information - The company reported a final dividend of HKD 0.02 per share, totaling HKD 5,559,000 for shareholders registered on July 4, 2025[152]. - The company has not entered into any equity-linked agreements during the fiscal year[161]. - The company’s main business includes investment trading and holding, as well as providing corporate management services[150]. - The company’s financial performance and risks faced during the year are detailed in the management discussion and analysis section of the annual report[153]. - The company’s investment properties and related assets are detailed in the financial statements as of December 31, 2024[157]. Compliance and Legal - The company has adhered to relevant laws and regulations, including Bermuda law and the Hong Kong Companies Ordinance[197]. - There were no purchases, sales, or redemptions of the company's listed securities during the year[198]. - The company maintained sufficient public float throughout the year ending December 31, 2024[199]. - No significant events affecting the group occurred after the year-end date and until the date of this report[200].
SIS INT'L(00529) - 2024 - 年度业绩
2025-03-24 14:55
Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 9,067,962, an increase from HKD 9,006,657 in 2023, representing a growth of approximately 0.68%[3] - The gross profit for the year was HKD 668,588, compared to HKD 746,915 in the previous year, indicating a decrease of about 10.5%[3] - The net profit for the year was HKD 213,360, up from HKD 160,412 in 2023, reflecting a significant increase of approximately 32.9%[4] - Basic and diluted earnings per share increased to HKD 49.0 from HKD 31.9, marking a growth of 53.3%[4] - The total revenue for the group in 2024 was HKD 8,868,201,000, a decrease from HKD 8,920,111,000 in 2023, representing a decline of approximately 0.58%[11] - The profit from distribution of mobile and IT products in Hong Kong was HKD 2,389,724,000, down from HKD 2,625,286,000 in the previous year, indicating a decrease of about 9%[13] - The group reported a total profit before tax of HKD 277,097,000 for 2024, compared to HKD 239,321,000 in 2023, reflecting an increase of approximately 15.8%[11] - The group’s total comprehensive income for 2024 was HKD 261,359,000, compared to HKD 190,840,000 in 2023, indicating an increase of approximately 37%[11] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 8,530,115, compared to HKD 8,601,309 in 2023, showing a slight decrease of about 0.83%[5] - The total liabilities decreased from HKD 3,531,171 in 2023 to HKD 3,079,044 in 2024, a reduction of about 12.8%[5] - The company’s non-current assets decreased to HKD 4,647,047 from HKD 4,794,354, reflecting a decline of about 3.1%[5] - As of December 31, 2024, the total assets of the group amounted to HKD 8,530,115,000, with total equity of HKD 4,176,197,000 and total liabilities of HKD 4,353,918,000[41] - The current ratio improved to approximately 1.26 as of December 31, 2024, compared to 1.08 as of December 31, 2023[41] - The debt-to-equity ratio was 68% as of December 31, 2024, compared to 78% in 2023[42] Cash Flow and Financial Position - The company's cash and cash equivalents increased to HKD 1,148,732 from HKD 961,129, representing a growth of approximately 19.5%[5] - Cash and bank deposits at the end of 2024 were HKD 1,438,647,000, an increase from HKD 1,284,363,000 in 2023[41] - The net cash deficit was HKD 1,408,494,000 as of December 31, 2024, down from HKD 1,881,674,000 in 2023[42] Employee and Compensation - The number of employees increased to 1,233 as of December 31, 2024, from 1,160 in 2023[44] - Total employee compensation and benefits amounted to HKD 296,991,000 for the year ending December 31, 2024, up from HKD 255,378,000 in 2023[44] Investment and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[7] - The company recorded a fair value loss of HKD 127.6 million in Hong Kong's office and commercial property market[36] - The value of investment properties in Japan was HKD 2.08 billion, while the total value in Hong Kong, Singapore, and Thailand was HKD 1.29 billion[36] Tax and Financial Standards - The group’s income tax expense for 2024 was HKD 63,737,000, down from HKD 78,909,000 in 2023, representing a decrease of approximately 19.2%[16] - The group plans to continue applying the new Hong Kong Financial Reporting Standards, expecting no significant impact on the consolidated financial statements in the foreseeable future[9] Dividends and Shareholder Information - The company proposed a final dividend of HKD 0.02 per share, totaling HKD 5.56 million, subject to shareholder approval[6] Other Financial Metrics - The financial expenses for the group in 2024 were HKD 75,435,000, slightly lower than HKD 78,971,000 in 2023, showing a reduction of about 4.5%[11] - The group incurred a net foreign exchange loss of HKD 16,326,000 in 2024, compared to a loss of HKD 16,140,000 in 2023, indicating a slight increase in losses[14] - The group’s share of profits from associates was HKD 10,611,000 in 2024, compared to HKD 9,699,000 in 2023, marking an increase of about 9.4%[11] - The rental income from investment properties in Japan was HKD 115,337,000 in 2024, up from HKD 123,697,000 in 2023, reflecting a decrease of approximately 6.8%[11] - The total distribution revenue was HKD 8.67 billion, a 1% decrease compared to the previous year[34] - Accounts receivable and other receivables amounted to HKD 1.43 billion, slightly down from HKD 1.43 billion in the previous year[24] - Accounts payable increased to HKD 665.86 million from HKD 605.20 million in the previous year[27] - The nominal value of outstanding forward contracts was HKD 306,610,000 as of December 31, 2024, compared to HKD 160,220,000 in 2023[45] - The group has no contingent liabilities or guarantees as of December 31, 2024[46] - The company maintained sufficient public float throughout the year ending December 31, 2024[53]
SIS INT'L(00529) - 2024 - 中期财报
2024-09-26 13:28
Financial Performance - Net profit surged by 37% to HKD 71,022,000, while revenue decreased to HKD 3,906,365,000, reflecting challenges in the current market environment [5]. - The company reported a profit of HKD 71,022,000 for the six months ended June 30, 2024, compared to HKD 51,819,000 in the same period of 2023, representing a year-over-year increase of 37.1% [16]. - Gross profit for the period was HKD 350,489,000, up from HKD 289,696,000 in the previous year, indicating a growth of 21% [16]. - Basic and diluted earnings per share increased to HKD 12.01 from HKD 7.33, reflecting a significant rise of 63.5% [16]. - Total revenue for the six months was HKD 3,906,365,000, compared to HKD 4,371,945,000 in the prior year, showing a decrease of 10.6% [16]. - The company reported a pre-tax profit of HKD 89,096 for the six months ended June 30, 2024, compared to HKD 72,287 for the same period in 2023, reflecting an increase of approximately 23.2% [31][38]. Revenue and Segment Performance - Distribution business revenue contracted by 11% to HKD 3,752,163,000, but segment profit increased by 4% to HKD 113,970,000 due to higher-margin value-added products [10]. - Revenue from information technology products was HKD 2,858,127, down from HKD 3,180,478, indicating a decrease of about 10.1% [30]. - The company reported a rental income of HKD 60,614 from hotel operations, an increase from HKD 44,856 in the previous year, reflecting growth in this segment [30]. - The total operating profit from Thailand was HKD 102,737, while Hong Kong contributed HKD 11,233, indicating a strong performance in Thailand [32]. Investment and Asset Management - The fair value of the property investment portfolio decreased by HKD 55,419,000, with a significant loss of HKD 90,315,000 in the Hong Kong market, while the Japanese market showed a profit of HKD 34,896,000 [11]. - Investment in the US stock market yielded a segment profit of HKD 62,659,000, up from HKD 29,767,000 in the previous year [11]. - The company is actively exploring new investment opportunities and focusing on expanding its distribution business and optimizing its real estate investment portfolio [13]. - The company recognized a fair value gain on equity instruments of HKD 6,127,000, compared to HKD 1,464,000 in the previous year, marking a substantial increase of 318.5% [17]. Cash Flow and Financial Position - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 250,710,000, compared to HKD 104,294,000 for the same period in 2023, representing an increase of 140.5% [23]. - The net cash generated from investing activities was HKD 46,628,000, a significant increase from HKD 1,281,000 in the previous year [23]. - The company reported a cash and cash equivalents balance of HKD 1,041,833,000, up from HKD 961,129,000, an increase of 8.4% [18]. - The total cash and cash equivalents as of June 30, 2024, amounted to HKD 1,041,833,000, up from HKD 928,387,000 at the end of June 2023, reflecting a year-on-year increase of 12.2% [23]. - The company’s total liabilities decreased, contributing to a stronger balance sheet position compared to the previous year [38]. Shareholder and Governance Information - The company expressed gratitude to its stakeholders for their unwavering support and commitment during challenging times [14]. - Major shareholders Yang Shengcong and Lin Meihua each hold 5.26% of the company's issued share capital, totaling 14,614,000 shares [80]. - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules throughout the reporting period [81]. - The audit committee, composed entirely of independent non-executive directors, reviewed the interim report for the six months ending June 30, 2024 [83]. Employee and Remuneration Details - The number of employees as of June 30, 2024, was 1,193, an increase from 1,168 as of June 30, 2023 [65]. - Total salaries and benefits paid and payable to employees (excluding directors' remuneration) amounted to HKD 146,615,000, up from HKD 101,520,000 in the previous year [65]. - The remuneration paid or payable to directors amounted to HKD 8,434,000, an increase from HKD 7,854,000 for the same period last year [54]. - The company has adopted an employee stock option plan to enhance employee productivity and retention [65]. Debt and Financing Activities - New bank borrowings for the period were HKD 2,077,302,000, slightly down from HKD 2,212,965,000 in the same period last year [23]. - The company recorded a significant gain from the sale of financial instruments at fair value, amounting to HKD 88,371,000, with no comparable figure from the previous year [23]. - The company’s cash flow from financing activities showed a net outflow of HKD 180,479,000, compared to HKD 10,634,000 in the previous year, indicating a significant increase in financing activities [23].
SIS INT'L(00529) - 2024 - 中期业绩
2024-08-29 14:48
Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 3,906,365 thousand, a decrease of 10.6% compared to HKD 4,371,945 thousand for the same period in 2023[1] - Gross profit for the same period was HKD 350,489 thousand, representing an increase of 21% from HKD 289,696 thousand in 2023[1] - The net profit attributable to the company's owners was HKD 33,371 thousand, up 64% from HKD 20,380 thousand in the previous year[2] - Basic and diluted earnings per share increased to HKD 12.01, compared to HKD 7.33 in the prior year, reflecting a growth of 64%[2] - The profit before tax for the six months ended June 30, 2024, was HKD 89,096,000, compared to HKD 72,287,000 for the same period in 2023, indicating an increase of about 23.2%[9][10] - The company reported a net loss of HKD 20,088,000 from foreign exchange losses for the six months ended June 30, 2024, compared to a loss of HKD 26,573,000 in the same period of 2023, showing an improvement[11] - The company’s total tax expense for the six months ended June 30, 2024, was HKD 18,074,000, a decrease from HKD 20,468,000 in the same period of 2023[12][14] - Net profit surged by 37% to HKD 71,022,000, while revenue decreased to HKD 3,906,365,000, reflecting challenges in the current market environment[27] Assets and Liabilities - The company's total assets as of June 30, 2024, were HKD 4,512,909 thousand, a decrease from HKD 4,794,354 thousand at the end of 2023[4] - Non-current assets, including investment properties, decreased to HKD 3,082,265 thousand from HKD 3,376,893 thousand in the previous year[4] - Accounts receivable and other receivables amounted to HKD 1,238,032,000 as of June 30, 2024, down from HKD 1,413,459,000 as of December 31, 2023[18] - Trade payables and other payables increased to HKD 690,827,000 as of June 30, 2024, compared to HKD 605,203,000 as of December 31, 2023[19] - Total equity decreased to HKD 3,979,217 thousand from HKD 4,052,636 thousand in the previous year[5] - The company reported a net cash position of HKD 1,041,833 thousand, an increase from HKD 961,129 thousand at the end of 2023[4] - The company reported a net cash deficit of HKD 1,423,733,000 as of June 30, 2024, down from HKD 1,881,674,000 at the end of 2023[34] - The debt-to-equity ratio was 70% as of June 30, 2024, compared to 78% at the end of 2023[36] Business Strategy and Operations - The company plans to continue focusing on market expansion and new product development to drive future growth[1] - Distribution business revenue contracted by 11% to HKD 3,752,163,000, but segment profit increased by 4% to HKD 113,970,000 due to higher sales of value-added products[28] - The company is actively exploring new investment opportunities while focusing on expanding its distribution business and optimizing its real estate investment portfolio[33] Corporate Governance and Compliance - The audit committee, composed entirely of independent non-executive directors, reviewed the interim report for the six months ended June 30, 2024, along with the company's auditors[43] - The company has adhered to the corporate governance code as stipulated in the Hong Kong Stock Exchange Listing Rules throughout the period ending June 30, 2024[41] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any subsidiaries during the six months ended June 30, 2024[44] Employee and Community Engagement - Employee count increased to 1,193, with total salaries and benefits amounting to HKD 146,615,000, up from HKD 101,520,000 a year earlier[38] - The company expressed gratitude to employees, customers, suppliers, business partners, banks, and shareholders for their unwavering commitment and support[46] Dividend and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024[17] - The company did not declare an interim dividend for the six months ended June 30, 2024, compared to no dividend declared for the same period last year[26] - The interim report will be sent to shareholders by September 30, 2024, and will also be published on the company's and the Hong Kong Stock Exchange's websites[45]