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，並明確表示概不就因本公佈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。 截至二零二五年三月三十一日止年度之全年業績公佈 | 損益表重點 | | | | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | 百萬港元 | 百萬港元 | | 收益 | | | | －半導體分銷 | 1,146.2 | 937.3 | | －消費類產品及產品採購業務 | 43.3 | 46.7 | | －創投 | – | – | | －其他 | 0.4 | 0.3 | | | 1,189.9 | 984.3 | | 除利息、稅項、折舊、攤銷及非現金項目前溢利╱（虧損） | | | | －公司費用 | (34.5) | (29.6) | | －創投 | (1.4) | (11.2) | | －半導體分銷 | 139.8 | 200.5 | | －消費類產品及產品採購業務： | | | | 銷售及分銷費用 | (20.9) | (19.7) | | 經營虧損 | (4.1) ...

Group 1 - Semiconductor stocks in Hong Kong experienced a collective decline, with notable drops in companies such as Beike Micro (02149.HK) and Huahong Semiconductor (01347.HK), both falling over 6% [1] - Other companies like Xianxixing (00595.HK), Naodong Technology (02203.HK), and SMIC (00981.HK) also saw declines exceeding 3% [1]

Financial Performance - Total revenue for the six months ending September 30, 2024, was HKD 629.3 million, a 55.2% increase from HKD 405.7 million in the same period last year[14]. - Semiconductor distribution revenue increased to HKD 606.5 million, up from HKD 381.4 million, representing a growth of 58.9%[10]. - The company reported a profit attributable to shareholders of HKD 56.3 million, compared to HKD 31.6 million in the previous year, marking an increase of 78.1%[10]. - Basic earnings per share for the period were HKD 0.062, up from HKD 0.035 in the previous year, reflecting improved profitability[14]. - The company reported a pre-tax profit of HKD 56,428,000 for the period, reflecting a strong performance despite the challenges faced in certain segments[35]. - The venture capital segment reported revenue of HKD 0.2 million, recovering from a loss of HKD 7.6 million in the previous year[97]. - The company's gross profit before interest and tax was HKD 58.6 million, compared to HKD 31.7 million in the previous year[95]. - The company’s operating loss was HKD 2.3 million, a decrease from an operating profit of HKD 0.7 million in the previous year[95]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.01 per share for the six months ending September 30, 2024, compared to no dividend in the same period last year[1]. - The total dividend declared for the six months ended September 30, 2024, was approximately HKD 9,087,000, compared to HKD 0 for the same period in 2023[59]. - The company declared dividends from its joint ventures amounting to HKD 46.62 million for the six months ended September 30, 2024, compared to HKD 16.32 million in the previous year[90]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 1,942.3 million, up from HKD 1,872.1 million as of March 31, 2024[12]. - Total liabilities increased to HKD 177,081, up 19.06% from HKD 148,713 as of March 31, 2024, primarily due to an increase in bank borrowings[20]. - The total liabilities as of September 30, 2024, were HKD 190,960,000, a decrease from HKD 162,608,000 as of March 31, 2024, indicating a reduction of approximately 17.4%[42]. - The net asset value as of September 30, 2024, was HKD 1,751,351, representing a growth of 2.45% from HKD 1,709,507 as of March 31, 2024[22]. - Current assets increased to HKD 250,897, up 11.88% from HKD 224,279 as of March 31, 2024, driven by a rise in inventory to HKD 111,551, which is a 24.5% increase[20]. Cash Flow and Financing - Cash and cash equivalents stood at HKD 95.8 million, compared to HKD 76.3 million in the previous period[12]. - Operating cash flow for the six months ended September 30, 2024, was HKD 6,172, a recovery from a negative cash flow of HKD 67,721 in the same period last year[28]. - Financing activities generated a net cash flow of HKD 11,652, down from HKD 20,414 in the previous year, indicating a shift in financing strategy[28]. - The financing costs for the six months ended September 30, 2024, were HKD 3,112,000, up from HKD 1,328,000 in 2023, indicating a significant increase of 134.1%[54]. Market and Industry Outlook - The global semiconductor revenue is projected to grow by 19% in 2024, reaching USD 630 billion, driven by demand for AI-related semiconductors[98]. - The semiconductor industry is experiencing a rebound due to a surge in demand for AI-related semiconductors, particularly in the memory storage chip sector, which is expected to benefit significantly from the ongoing growth in AI server functionality[102]. - The global economic outlook remains complex, with inflation pressures and geopolitical tensions posing significant risks to stability[111]. - The semiconductor market is expected to continue its strong growth trajectory, driven by the increasing demand for AI technologies and advanced memory solutions[111]. Strategic Focus and Future Plans - The company plans to continue expanding its semiconductor distribution business and exploring new product development opportunities[14]. - Future outlook includes continued investment in product development and market expansion, leveraging the increase in cash reserves for strategic initiatives[30]. - The company is actively exploring new technologies and product developments to strengthen its market position and improve overall profitability[39]. - The company aims to leverage opportunities in the semiconductor distribution core business driven by AI advancements and the growing importance of advanced storage chip solutions[112]. Employee and Governance - The group employed approximately 140 full-time employees as of September 30, 2024, an increase from 134 employees on March 31, 2024[125]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by Dr. Su[136]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting procedures and internal controls[140].

Revenue Growth - Revenue for the six months ended September 30, 2024, was HKD 629.3 million, a 55.2% increase from HKD 405.7 million in the same period of 2023[2] - Semiconductor distribution revenue reached HKD 606.5 million, up from HKD 381.4 million, reflecting a significant growth of 59.2%[2] - Total revenue for the six months ended September 30, 2024, reached HKD 629,302,000, compared to HKD 405,739,000 in the previous year, indicating an increase of 55.2%[42] - Semiconductor distribution revenue for the six months ended September 30, 2024, was HKD 606,461,000, up from HKD 381,487,000 in the same period last year, representing a growth of 59.1%[42] Profitability - The company reported a net profit attributable to shareholders of HKD 56.3 million, compared to HKD 31.6 million in the previous year, marking an increase of 78.1%[2] - Basic and diluted earnings per share for the period were HKD 6.20, compared to HKD 3.48 in the previous year, representing an increase of 78.4%[6] - The group reported a total of HKD 50,999,000 in trade payables, including HKD 31,947,000 in trade payables and HKD 16,046,000 in accrued expenses as of September 30, 2024[79] - The group’s profit before tax for the six months ended September 30, 2024, was HKD 56,317,000, compared to HKD 31,639,000 for the same period in 2023, representing an increase of 78.2%[58] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 1,942.3 million, up from HKD 1,872.1 million as of March 31, 2024, indicating a growth of 3.7%[4] - Total liabilities increased to HKD 177,081 thousand, a rise of 19.06% from HKD 148,713 thousand as of March 31, 2024, primarily due to an increase in bank borrowings[13] - The total current liabilities were HKD 177.1 million as of September 30, 2024, compared to HKD 148.7 million on March 31, 2024[133] - The total equity as of September 30, 2024, was HKD 1,751.4 million, compared to HKD 1,709.5 million as of March 31, 2024[124] Cash Flow and Financial Position - Cash and cash equivalents increased to HKD 95.8 million from HKD 76.3 million, showing a growth of 25.5%[4] - The current ratio decreased to 141.7% from 150.8%, indicating a slight decline in liquidity position[4] - The group’s cash and cash equivalents decreased to HKD 31,112,000 as of September 30, 2024, from HKD 31,632,000 as of March 31, 2024[72] - The debt-to-equity ratio increased to 4.1% from 2.1%, reflecting a rise in borrowings and lease liabilities to HKD 71.9 million from HKD 36.2 million[4] Foreign Exchange and Investments - The company recorded a foreign exchange gain of HKD 3.7 million, a significant improvement from a loss of HKD 2.3 million in the prior year[10] - The company recorded a net foreign exchange gain of HKD 5,583,000 for the six months ended September 30, 2024[51] - The total investment in joint ventures was reported at HKD 1,493,395,000, indicating a strategic focus on collaborative growth[40] Future Outlook and Strategy - The company plans to continue expanding its semiconductor distribution and consumer products segments, focusing on innovation and market penetration[29] - The group aims to continue focusing on its core semiconductor distribution business while adapting to major industry trends driven by advancements in artificial intelligence and the growing e-commerce sector[119] - The company aims to enhance its product offerings and market presence through ongoing research and development initiatives[42] Market Trends - Global semiconductor revenue is projected to grow by 19% in 2024, reaching USD 630 billion, driven by demand for AI-related semiconductors[93] - The memory storage chip market is expected to grow by 20.5% in 2025, reaching USD 196.3 billion, supported by demand for high-performance memory solutions[93] - The demand for high-bandwidth memory (HBM) is expected to surge by 284% in 2024, indicating strong growth potential in the AI server market[93] Employee and Operational Metrics - The company employed approximately 140 full-time employees as of September 30, 2024, an increase from 134 employees on March 31, 2024[136] - The company maintained a prudent policy in managing its financial resources to seize business growth opportunities[133]

2024 年 ANNUAL REPORT 報 目錄 Contents Pages 頁次 | FINANCIAL HIGHLIGHTS | 財務重點 | 2 | | --- | --- | --- | | CORPORATE INFORMATION | 公司資料 | 4 | | CHAIRMAN'S STATEMENT | 主席致辭 | 6 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層討論及分析 | 9 | | PROFILE OF DIRECTORS AND SENIOR MANAGEMENT | 董事及高級管理層履歷 | 17 | | DIRECTORS' REPORT | 董事會報告 | 21 | | CORPORATE GOVERNANCE REPORT | 企業管治報告 | 34 | | ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT | 環境、社會及管治報告 | 45 | | INDEPENDENT AUDITOR'S REPORT | 獨立核數師報告 | 85 | | AUDITED CONSOLIDATED FI ...

截至二零二四年三月三十一日止年度之全年業績公佈 – 2 – 綜合損益表 截至二零二四年三月三十一日止年度 千港元 千港元 | --- | --- | --- | |-------|---------|---------| | | (3,905) | (3,986) | | | | | | | (3,905) | (3,986) | | | 105,258 | 36,732 | – 4 – – 5 – 千港元 千港元 資產淨值 1,709,507 1,613,336 權益總額 1,709,507 1,613,336 1.1 編製基準 當本公司直接或間接擁有少於被投資企業大多數投票權或類似權利時，本集團於評估其是否擁有對被投資企業之權 力時會考慮一切相關事實及情況，包括： 倘有事實及情況顯示上述三個控制權元素中一項或以上出現變動，則本集團會重新評估其是否控制被投資企業。於 一間附屬公司之擁有權權益變動如並無導致喪失控制權，則入賬列為權益交易。 香港財務報告準則第17號 保險合約 香港會計準則第1號及香港財務報告 準則實務報告第2號（修訂本） 披露會計政策 (a) 香港會計準則第1號（修訂本）要求實體披露其重要會計 ...

Revenue Performance - Revenue from semiconductor distribution reached HKD 381,487,000, a slight increase of 0.16% compared to HKD 378,896,000 in the previous year[4] - Revenue from consumer products procurement business surged to HKD 23,799,000, up 234.5% from HKD 7,126,000 year-on-year[4] - Total revenue for the six months ended September 30, 2023, was HKD 405,739,000, representing an increase of 5.4% from HKD 386,222,000 in the same period last year[4] - Revenue for the six months ended September 30, 2023, was HKD 405.7 million, an increase from HKD 386.2 million in the same period of 2022, representing a growth of 5.0%[40] - Total revenue for the six months ended September 30, 2023, was HKD 405,739 thousand, compared to HKD 386,222 thousand for the same period in 2022, representing a growth of approximately 5.9%[60] - Semiconductor distribution segment revenue was HKD 378,896 thousand, contributing significantly to the total revenue[54] - The total revenue from customer contracts for the semiconductor distribution segment was HKD 381,487,000, while the procurement business generated HKD 23,799,000, leading to a total revenue of HKD 405,739,000[71] Profit and Loss - The company reported a net profit of HKD 31,639,000 for the six months ended September 30, 2023, down 17.9% from HKD 38,551,000 in the previous year[16] - The company's profit attributable to owners for the six months ended September 30, 2023, was HKD 31.6 million, down from HKD 38.6 million in the previous year, indicating a decrease of 18.2%[40] - The company reported a pre-tax profit of HKD 31,787 thousand for the six months ended September 30, 2023, down from HKD 38,637 thousand in the same period of 2022, indicating a decrease of approximately 17.5%[60] - The company reported a loss before interest and tax of HKD 15.6 million, compared to a loss of HKD 16.6 million in the same period last year, indicating an improvement[105] - The company incurred a loss of HKD 9,873 thousand in the venture capital segment for the six months ended September 30, 2023[54] - The venture capital business recorded a loss of HKD 7.6 million, an improvement from a loss of HKD 9.9 million in 2022, primarily due to fair value losses on financial assets[126] Dividends - The company declared an interim dividend of HKD 0.01 per share, significantly lower than HKD 0.04 per share in the previous year, with total dividends paid amounting to HKD 9,087,000[8] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2023[8] - No interim dividend is recommended for the six months ending September 30, 2023[164] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 1,803,816,000, an increase from HKD 1,753,589,000 as of March 31, 2023[2] - Total liabilities stood at HKD 170,241,000 as of September 30, 2023, compared to HKD 140,253,000 as of March 31, 2023[2] - Total non-current assets as of September 30, 2023, amounted to HKD 1,615.7 million, compared to HKD 1,547.0 million as of March 31, 2023, showing an increase of 4.4%[44] - The total equity as of September 30, 2023, was HKD 1,633.6 million, compared to HKD 1,613.3 million as of March 31, 2023, reflecting an increase of approximately 1.3%[59] - The debt-to-equity ratio increased to 3.1% as of September 30, 2023, compared to 1.2% as of March 31, 2023[59] - The company’s total assets increased to HKD 1,633,575,000 as of September 30, 2023, up from HKD 1,613,336,000 as of March 31, 2023[63] - The group recorded financial assets at fair value through profit or loss of approximately HKD 29,600,000 as of September 30, 2023, down from HKD 38,200,000 on March 31, 2023[147] Cash Flow - The net cash flow used in operating activities was HKD (67,721,000), a significant increase in cash outflow compared to HKD (1,166,000) in the previous period[65] - The financing activities generated a net cash inflow of HKD 20,414,000, contrasting with a net cash outflow of HKD (38,051,000) in the previous period[65] - The company’s cash and cash equivalents decreased to HKD 57,370,000 at the end of the period, down from HKD 112,506,000 at the beginning of the period[65] - The group’s cash and cash equivalents as of September 30, 2023, amount to HKD 57,400,000, a decrease from HKD 121,400,000 on March 31, 2023[161] Market and Industry Trends - The Southeast Asian e-commerce market is projected to grow at a compound annual growth rate (CAGR) of over 17% over the next five years, with a market value expected to reach USD 211 billion by 2025[110] - Global semiconductor revenue is projected to decline by 11.2% in 2023, totaling $599.6 billion, following a slight increase of 0.2% in 2022[116] - The smartphone market's continuous innovation is driving competition and may lead to further price reductions, increasing demand for semiconductors[123] - IDC forecasts a recovery in the smartphone industry in 2024, with an expected year-on-year growth of 4.5%[198] - The five-year compound annual growth rate (CAGR) for the smartphone industry is projected to be 1.7%[198] Corporate Governance and Management - The company continues to comply with the corporate governance code as per the listing rules, with minor deviations noted[111] - The board believes that combining the roles of chairman and CEO enhances operational efficiency and business strategy execution[143] - The company’s management confirmed compliance with the corporate governance code throughout the reporting period ending September 30, 2023[168] Employee and Operational Insights - The group employed approximately 135 full-time employees as of September 30, 2023, compared to 138 on March 31, 2023[142] - The company’s operating expenses for employee benefits were HKD 7.195 million, a decrease from HKD 7.744 million in the previous year, showing a reduction of about 7%[114] Strategic Initiatives - The company is actively exploring market expansion opportunities in Southeast Asia, leveraging the growing middle class and increasing internet penetration[110] - The company continues to focus on the development of its core semiconductor distribution business while adapting to industry trends and challenges[124] - The company is well-prepared to respond to market changes, leveraging its extensive brand resources and operational strategies[120] - The company’s digital transformation efforts are aimed at adapting to changing consumer demands in the retail sector[200]

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,概不就因本公佈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。 此廣告的中英的勳銜或榮銜 要細2pt,如下: SBS, JP, SBS,太平紳士 此廣告的人名「黎逸鴻」的 「逸」字客人要求艇仔邊要用 兩點,緊記要用以下造字: 逸 逸 >>> 截至二零二三年九月三十日止六個月之中期業績公佈 | 損益表重點 | | | |---------------------------------------------|------------------------|------------| | | 截至九月三十日止六個月 | | | | 二零二三年 | 二零二二年 | | | 百萬港元 | 百萬港元 | | 收益 | | | | -半導體分銷 | 381.4 | 378.9 | | -消費類產品及產品採購業務 | 23.8 | 7.1 | | -其他 | 0.5 | 0.2 | | | 405.7 | 386.2 | | 除利息、稅項、折舊及非現金項目前溢利╱(虧損) | ...

Financial Performance - Revenue for 2023 was HK$660.0 million, a decrease of 36.7% from HK$1,042.4 million in 2022[6] - Profit before interest, tax, depreciation, and non-cash items was HK$39.9 million, down 84.4% from HK$256.6 million in 2022[6] - Profit for the year attributable to owners of the Company was HK$40.7 million, a decline of 82.4% compared to HK$231.0 million in 2022[6] - Proposed final dividend is HK$9.1 million, down from HK$36.3 million in 2022, with a dividend per share of HK$1.0[6] - Gross profit for the year was around HK$4.3 million, a significant decline from HK$37.8 million in 2022[20] - The Group's profit before interest and tax was HK$40.7 million, significantly lower than HK$236.0 million in the previous year[37] - Profit before tax for the same period was HK$40,841,000, down 82.7% from HK$236,034,000 in 2022[174] - The profit for the year attributable to owners of the company was HK$40,718,000, a decline of 82.4% compared to HK$231,021,000 in 2022[174] Assets and Liabilities - Total assets increased to HK$1,753.6 million in 2023 from HK$1,745.5 million in 2022[9] - Total equity decreased slightly to HK$1,613.3 million in 2023 from HK$1,622.0 million in 2022[9] - Cash and cash equivalents decreased to HK$121.4 million in 2023 from HK$152.2 million in 2022[9] - Total debt to total equity ratio increased to 1.2% in 2023 from 0.5% in 2022[9] - Current assets to current liabilities ratio decreased to 164.3% in 2023 from 239% in 2022[9] - Current assets decreased to HK$206.6 million in 2023 from HK$258.6 million in 2022, a reduction of approximately 20.1%[94] - The Group's net current assets fell to HK$80.9 million in 2023 from HK$150.2 million in 2022, representing a decline of about 46.1%[94] - Financial assets at fair value through profit or loss were approximately HK$38.2 million as of March 31, 2023, down from HK$53.9 million in 2022, a decrease of around 29.1%[96] - Total liabilities increased to HK$140,253,000 from HK$123,426,000 in 2022, resulting in net assets of HK$1,613,336,000[176] Market Trends and Economic Outlook - The global semiconductor revenue is projected to decline by 11.3%, from US$599.6 billion in 2022 to US$532.0 billion in 2023[23] - The International Monetary Fund predicts a decrease in global economic growth from 3.4% in 2022 to 2.8% in 2023, with advanced economies expected to slow from 2.7% to 1.3%[20] - The ongoing geopolitical instability and inflationary pressures are expected to dampen growth in the short term[25] - Global smartphone sales declined by 11.3% in 2022, totaling 1.21 billion units, impacting the semiconductor market[39] - The overall economic environment remains uncertain, with geopolitical tensions and inflation continuing to pose risks to growth[36] - The ongoing pandemic and geopolitical tensions have contributed to a deteriorating outlook for global economic growth, prompting the Group to invest resources in addressing these challenges[80][83] Business Strategy and Operations - The Group is focusing on expanding its e-commerce operations, particularly in Southeast Asia, to align with emerging consumer market trends[24] - Marketing and sales operations in Indonesia have been strengthened, with a wider range of products tailored to local requirements[24] - The Group aims to enhance internal management and efficiency to adapt to market fluctuations and capitalize on opportunities[25] - The Group is committed to developing a diverse array of high-quality, tech-savvy consumer products and introducing premium brand partners[24] - The Group aims to consolidate its market position and maintain competitive advantages while delivering reasonable returns to shareholders[81][84] - The Group is committed to focusing on the development of its core semiconductor distribution business and will monitor industry trends to identify new growth opportunities[74][76] - The Group has been expanding its e-commerce presence in Southeast Asia, particularly in Indonesia, which is expected to yield substantial advantages for its consumer product business[79][82] - The Group's operational foundation in e-commerce is gradually stabilizing, indicating potential for future growth in the consumer product and sourcing business[79][82] Governance and Management - The management team includes Mr. Chan Chi Hang as Chief Financial Officer since August 2015, with extensive experience in accounting and auditing[120] - Mr. Lai Yat Hung Edmund has been an Independent Non-executive Director since 2019, with over 30 years of experience in finance and treasury management[119] - Dr. Lui Ming Wah has served as an Independent Non-executive Director since 1996, contributing significant industrial experience[113] - The management team emphasizes the importance of risk management and financial oversight in its operations[121] - The company continues to strengthen its governance structure with experienced directors and management[118] Shareholder Information - A final dividend of HK$0.01 per share has been recommended for the year ended March 31, 2023, down from HK$0.04 in 2022[152] - The total proposed dividend amounts to approximately HK$9.1 million based on 908,663,302 shares in issue[153] - Distributable reserves as of March 31, 2023, were approximately HK$443,885,000, down from HK$467,317,000 in 2022[164] - The Company has adopted a share option scheme for its subsidiary, 830 Lab, which includes interests in share options granted to Mr. Sunny So[196] - The Company provides a competitive remuneration package to eligible employees, including medical and retirement benefits[186] - The remuneration of Directors is recommended by the remuneration committee and approved by the Board, considering their skills and contributions[186] Risk Management - The Group has implemented monitoring procedures to minimize credit risk and ensure adequate impairment losses for irrecoverable amounts[138] - The Group is exposed to interest rate risk due to floating interest rates on bank borrowings and monitors this exposure closely[140] - The Group maintains a level of cash and cash equivalents deemed adequate to finance operations and mitigate cash flow fluctuations[139] - The Group is committed to environmental sustainability and complies with all relevant laws and regulations regarding environmental protection[142] - There were no material disputes with key stakeholders during the year under review, indicating effective communication and relationships[151]

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,並明確表示概不就因本公佈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。 截至二零二三年三月三十一日止年度之全年業績公佈 | 損益表重點 | | | |---------------------------------------------------|------------|------------| | | 二零二三年 | 二零二二年 | | | 百萬港元 | 百萬港元 | | 收益 | | | | -半導體分銷 | 634.3 | 1,012.7 | | -消費類產品及產品採購業務 | 24.7 | 29.0 | | -創投 | – | – | | -其他 | 1.0 | 0.7 | | | 660.0 | 1,042.4 | | 除利息、稅項、折舊、攤銷及非現金項目前溢利╱(虧損) | | | | -公司 | (26.9) | (26.6) | | -創投 | (18.9) | 11.3 | | -半導體分銷 | 102.8 | 285.2 | | -消費類產品及產 ...