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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：540） 截至二零二二年十二月三十一日止年度 末期業績公佈 財務摘要 截至十二月三十一日止年度 二零二二年 二零二一年 變動 收益 （百萬港元） 561.8 750.5 -25.1% 毛利 （百萬港元） 42.6 48.8 -12.7% 毛利率 7.6% 6.5% 本公司權益持有人應佔 年內虧損 （百萬港元） (34.5) (31.3) 10.2% 本公司權益持有人應佔 淨虧損率 -6.1% -4.2% 年內本公司權益持有人應佔 虧損的每股基本及 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$ 205.1 million, a decrease of 33.0% compared to HK$ 306.0 million in 2021[6]. - Gross profit for the same period was HK$ 9.7 million, down 45.2% from HK$ 17.7 million in 2021[6]. - Loss before income tax improved to HK$ 21.0 million, a 19.2% reduction from a loss of HK$ 26.0 million in the previous year[6]. - Loss attributable to equity holders of the Company was HK$ 20.9 million, a decrease of 20.8% compared to HK$ 26.4 million in 2021[6]. - Basic and diluted losses per share were HK$ 0.0348, compared to HK$ 0.0440 in the prior year[6]. - The Group's overall revenue for the six months ended 30 June 2022 was approximately HK$205.1 million, representing a decrease of approximately 33.0% compared to the same period last year[18]. - The gross profit margin for the six months ended 30 June 2022 decreased to 4.7% from 5.8% in the same period last year, primarily due to reduced sales orders from existing customers[19]. - The net loss attributable to equity holders of the Company for the six months ended 30 June 2022 was approximately HK$20.9 million, an improvement from a net loss of approximately HK$26.4 million in the same period last year[25]. - Revenue from the Apparel Supply Chain Servicing Business for the six months ended 30 June 2022 was approximately HK$205.1 million, a decrease of approximately 33.0% compared to the last corresponding period[26]. - Gross profit from the Apparel Supply Chain Servicing Business decreased to HK$9.7 million for the six months ended 30 June 2022, down from HK$17.7 million in the same period last year[27]. Assets and Liabilities - Net current assets decreased by 23.5% to HK$ 55.9 million as of June 30, 2022, from HK$ 73.1 million at the end of 2021[6]. - Total assets declined by 13.0% to HK$ 380.4 million from HK$ 437.3 million[6]. - Total liabilities decreased by 10.6% to HK$ 282.9 million from HK$ 316.6 million[6]. - Equity attributable to equity holders of the Company fell by 19.3% to HK$ 97.4 million from HK$ 120.7 million[6]. - Trade and bills receivable decreased from approximately HK$110.2 million as of December 31, 2021, to approximately HK$54.2 million as of June 30, 2022, aligning with the decrease in revenue for the same period[47]. - Trade and bills payable decreased from approximately HK$169.1 million as of December 31, 2021, to approximately HK$144.8 million as of June 30, 2022, primarily due to partial settlements during the period[49]. - Total borrowings as of June 30, 2022, are HK$105,878,000, slightly down from HK$109,437,000 as of December 31, 2021[190]. Inventory and Receivables - Inventory turnover days increased to 69 days from 30 days in the previous year, indicating a slower inventory movement[6]. - Inventory balance increased from approximately HK$44.6 million as of 31 December 2021 to approximately HK$103.5 million as of 30 June 2022, resulting in an increase in inventory turnover days from 30 days to 69 days[42]. - Trade receivable turnover days increased from 56 days as of December 31, 2021, to 73 days as of June 30, 2022, due to delays in customer payments[48]. - Total trade receivables as of June 30, 2022, were HK$54,215,000, down 48% from HK$104,951,000 as of December 31, 2021[176]. Cash Flow and Financing - Cash and cash equivalents totaled approximately HK$129.7 million as of June 30, 2022, with a current ratio of approximately 1.2, unchanged from December 31, 2021[55]. - The Group maintained a net cash position despite a decrease in cash and cash equivalents of approximately HK$63.5 million due to purchases for upcoming shipments[55]. - Cash used in operations for the six months ended June 30, 2022, was HK$56,824,000, a decrease of 16.4% compared to HK$67,889,000 in the same period of 2021[107]. - Net cash used in financing activities was HK$3,559,000 for the first half of 2022, a significant decrease from the cash generated of HK$27,111,000 in the same period of 2021[107]. Employee and Operational Costs - As of June 30, 2022, the Group had a total of 1,173 employees, with total staff costs approximately HK$35.0 million, down from HK$37.6 million in the previous period[69]. - Employee benefit expenses remained stable at HK$28,753,000 for the six months ended June 30, 2022, compared to HK$28,729,000 in 2021[154]. - Distribution costs decreased by approximately 36.7% to approximately HK$2.0 million, mainly due to reductions in employee wages and sales commission payments[36]. - Administrative expenses decreased significantly due to the absence of goodwill impairment provision and a reduction in customer relationship amortization[37]. Market Outlook and Strategy - The Group expects the global economy to remain volatile due to the COVID-19 outbreak and the China-US trade war, while continuing to monitor market changes[93]. - The Group aims to enhance product innovation and operating efficiency to explore new opportunities and improve cost competitiveness[94]. Other Information - The Group did not utilize any financial instruments for hedging foreign currency risk during the six months ended June 30, 2022[63]. - There were no significant capital commitments as of June 30, 2022, remaining unchanged from December 31, 2021[65]. - The Group did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[172]. - The Group had no plans for material investments and capital assets as of June 30, 2022[82].