Financial Performance - For the fiscal year ending September 30, 2024, the group's revenue was approximately HKD 736,338,000, representing a growth of about 9.6% compared to HKD 671,750,000 for the previous year[8]. - The group's net profit for the fiscal year was approximately HKD 100,411,000, an increase of about 49.7% from HKD 67,054,000 in the prior year[18]. - Gross profit for the fiscal year was approximately HKD 277,440,000, reflecting a growth of about 32.7% from HKD 209,106,000 the previous year[14]. - Administrative expenses increased by approximately 19.0%, totaling about HKD 103,667,000 compared to HKD 87,143,000 in the previous year, primarily due to rising employee costs[16]. - Sales and distribution costs remained stable at approximately HKD 52,282,000 compared to HKD 51,521,000 in the previous year[15]. - The total dividend for the fiscal year will amount to HKD 0.090 per share, compared to HKD 0.065 per share in the previous year[9]. Capital and Investments - As of September 30, 2024, the company held interest-bearing bank loans of HKD 39,000,000, a decrease from HKD 85,000,000 as of September 30, 2023[26]. - The company's asset-liability ratio as of September 30, 2024, was approximately 7.4%, down from 17.4% as of September 30, 2023[29]. - As of September 30, 2024, the company had capital commitments of approximately HKD 51,347,000 for the acquisition of properties, machinery, and equipment, up from HKD 11,262,000 as of September 30, 2023[33]. - The company has entered into an agreement to purchase machinery and production equipment for a new manufacturing facility in Indonesia for USD 4,250,000 (approximately HKD 33,150,000)[35]. Employee and Management - The company employed a total of 423 employees as of September 30, 2024, an increase from 411 employees as of September 30, 2023[37]. - Employee benefit expenses, including director remuneration, amounted to approximately HKD 109,735,000 for the year ended September 30, 2024, compared to approximately HKD 92,367,000 for the year ended September 30, 2023[37]. - The average training hours per employee was 16.2, with 319 employees receiving training in the fiscal year ending September 30, 2024[198]. - Senior management received an average of 30 training hours, while general employees received an average of 15.4 hours[198]. - The company has a zero-accident and zero-injury goal for its business processes moving forward[193]. Corporate Governance - The board consists of eight members, including four executive directors and four independent non-executive directors[49]. - All directors confirmed compliance with the standard code of conduct for securities trading as of September 30, 2024[45]. - The board held a total of six meetings, with attendance rates for executive directors ranging from 5/5 to 6/6[52]. - Independent non-executive directors provided independent professional judgment on the group's development, performance, and risk management[51]. - The company has established a nomination committee responsible for reviewing the composition and structure of the board[58]. - The company has adopted a policy for the appointment, re-election, and removal of directors, requiring re-election at least every three years[58]. Environmental, Social, and Governance (ESG) - The company is committed to reducing emissions and has established clear short-term and long-term sustainability goals in accordance with government requirements[121]. - The environmental, social, and governance (ESG) framework is integrated into daily operations, with the board responsible for overseeing all ESG matters[133]. - The company aims to enhance its internal data collection mechanisms and gradually expand the scope of disclosures as needed[126]. - The company reported a total greenhouse gas emissions of 2,488 metric tons CO2 equivalent for the year ending September 30, 2024, a decrease of 19.6% from 3,095 metric tons in 2023[161]. - The company achieved ISO 14001:2015 certification for its environmental management system, demonstrating its commitment to sustainable development[157]. Safety and Compliance - The company has implemented a comprehensive safety system to manage health and safety risks, including regular safety training for employees[192]. - The company has developed emergency response solutions for incidents such as fires and chemical leaks to minimize personnel casualties[193]. - The company has established a mechanism for employees to report labor violations, ensuring the protection of labor rights[199]. - The company has a strict policy against employing individuals under the legal working age of 18[199]. - No labor disputes occurred between the company and its employees during the reporting period[199].

Financial Performance - For the fiscal year ending September 30, 2024, the company reported total revenue of HKD 736,338,000, an increase of 9.6% from HKD 671,750,000 in the previous year[1] - Gross profit for the same period was HKD 277,440,000, up 32.7% from HKD 209,106,000 year-on-year[1] - Operating profit increased to HKD 123,672,000, representing a growth of 51.7% compared to HKD 81,497,000 in the prior year[1] - The net profit attributable to the company's owners for the year was HKD 100,411,000, a significant rise of 49.8% from HKD 67,054,000 in the previous year[1] - Basic earnings per share increased to HKD 17.82, up from HKD 11.90, reflecting a growth of 49.0%[1] - Total comprehensive income attributable to the company's owners was HKD 113,521,000, compared to HKD 63,883,000 in the previous year, marking an increase of 77.8%[3] - The company's profit attributable to owners for the year ended September 30, 2024, was HKD 100,411,000, compared to HKD 67,054,000 for the year ended September 30, 2023, representing a significant increase[33] - Profit attributable to the owners of the company was approximately HKD 100,411,000, marking an increase of about 49.7% from HKD 67,054,000[48] Assets and Liabilities - Non-current assets totaled HKD 176,357,000, an increase from HKD 144,801,000 in the previous year[5] - Current assets increased to HKD 643,072,000 from HKD 600,194,000, reflecting a growth of 7.1%[5] - The company's total assets less current liabilities amounted to HKD 594,297,000, up from HKD 520,792,000, indicating a growth of 14.1%[5] - The company's equity totalled HKD 583,563,000, an increase from HKD 513,420,000, representing a growth of 13.6%[5] - Trade receivables increased to HKD 221,094,000 as of September 30, 2024, from HKD 168,950,000 as of September 30, 2023, indicating a growth in sales[36] - The company's trade receivables, notes receivable, and other receivables net amount totaled HKD 218,323,000 as of September 30, 2024, up from HKD 178,098,000 as of September 30, 2023, indicating a positive trend in receivables management[36] - Trade payables increased to HKD 55,542,000 in 2024 from HKD 36,555,000 in 2023[38] Taxation and Expenses - The total income tax expense for 2024 was HKD 21,405,000, compared to HKD 13,994,000 in 2023, marking an increase of about 53.0%[23] - The company did not make any provisions for corporate income tax in various jurisdictions, including Singapore and Taiwan, due to the absence of taxable profits for the year ended September 30, 2024[27][28] - The company's corporate income tax rate in China remains at 25% for the year ended September 30, 2024, with a preferential rate of 15% applicable to its subsidiary Zhuhai Zetao, which was recognized as a high-tech enterprise[24] - Administrative expenses rose to approximately HKD 103,667,000, an increase of about 19.0% from HKD 87,143,000, primarily due to higher employee costs[46][47] - The total R&D expenses for the year ended September 30, 2024, were HKD 3,404,000, slightly down from HKD 3,438,000 for the previous year, reflecting ongoing investment in innovation[29] - Employee benefit expenses, including directors' remuneration, amounted to approximately HKD 109,735,000 for the year ended September 30, 2024, up from HKD 92,367,000 for the year ended September 30, 2023[66] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 3.6 cents per share for the year ended September 30, 2024, compared to HKD 2.4 cents per share for the year ended September 30, 2023[32] - The company proposed a final dividend of HKD 0.054 per share for the year ended September 30, 2024, compared to HKD 0.033 per share for the previous year, resulting in a total dividend of HKD 0.090 per share[70] Investments and Future Plans - The group is currently constructing a new manufacturing facility on industrial land acquired in Indonesia, aiming to enhance cost competitiveness and service delivery[50] - The group plans to continue investing in R&D to develop high-quality, environmentally friendly products in collaboration with international chemical companies[52] - As of September 30, 2024, the company had capital commitments of approximately HKD 51,347,000 for the acquisition of properties, machinery, and equipment, significantly up from HKD 11,262,000 as of September 30, 2023[62] - The company entered into an agreement to purchase machinery and production equipment for a new manufacturing facility in Indonesia for USD 4,250,000 (approximately HKD 33,150,000) post-reporting period[64] Compliance and Governance - The group adopted the revised Hong Kong Accounting Standard No. 1 and the revised Hong Kong Financial Reporting Standard No. 2 for the first time this year, impacting the disclosure of accounting policies in the consolidated financial statements[11] - The group has not early adopted new standards that will take effect on January 1, 2024, which may impact future financial reporting[13] - The revised Hong Kong Financial Reporting Standard No. 18 will require entities to categorize all income and expenses into five categories starting from 2027[15] - The group is currently assessing the impact of new standards on the structure of its income statement and cash flow statement[16] - The independent auditor confirmed that the financial statements for the year ending September 30, 2024, are consistent with the audited consolidated financial statements[78] General Information - The group operates in a single reportable segment focused on manufacturing and selling adhesive products for shoe factories[17] - The annual general meeting for the fiscal year ending September 30, 2024, is scheduled to be held on a date determined by the board of directors[77] - The annual performance announcement and annual report will be published on the Hong Kong Stock Exchange and the company's website at an appropriate time[79] - The company expresses gratitude to customers, suppliers, business partners, and shareholders for their support over the past year[80] - The board of directors includes four executive directors and four independent non-executive directors as of the announcement date[81]

Financial Performance - The revenue for the six months ended March 31, 2024, was approximately HK$332,498,000, compared to approximately HK$358,656,000 for the same period in 2023, indicating stability[12]. - Gross profit increased by approximately 17.9%, reaching approximately HK$124,918,000 for the six months ended March 31, 2024, up from approximately HK$105,965,000 in 2023[12]. - Other income rose by approximately 75.4%, totaling approximately HK$6,087,000 for the six months ended March 31, 2024, compared to approximately HK$3,471,000 in 2023[12]. - Profit attributable to owners of the Company for the six months ended March 31, 2024, was approximately HK$40,991,000, representing an increase of approximately 48.8% from approximately HK$27,539,000 in 2023[14]. - Profit for the period increased to HK$40,991,000, representing a 48.5% increase compared to HK$27,539,000 in the same period last year[79]. - Total comprehensive income for the period attributable to owners of the Company was HK$41,294,000, up from HK$30,493,000, reflecting a 35.5% increase[80]. - Profit from operations rose to HK$51,274,000, representing a 47.4% increase from HK$34,750,000 in 2023[94]. - Basic earnings per share increased to HK7.28 cents, up from HK4.89 cents in the previous year, reflecting a growth of 48.9%[94]. Cost Management - Selling and distribution costs decreased by approximately 13.7%, amounting to approximately HK$22,622,000 for the six months ended March 31, 2024, down from approximately HK$26,225,000 in 2023[12]. - Administrative expenses remained stable at approximately HK$53,005,000 for the six months ended March 31, 2024, compared to approximately HK$49,936,000 in 2023[12]. - Employee benefits expense for the six months ended March 31, 2024, amounted to approximately HK$48,220,000, slightly down from approximately HK$48,613,000 for the same period in 2023[24]. - The Group is committed to strengthening operational cost control in response to high inflation and decreased purchasing power in the market[15]. Financial Position - As of March 31, 2024, the Group had interest-bearing bank borrowings of HK$62,000,000, down from HK$85,000,000 as of September 30, 2023[21]. - The Group's gearing ratio as of March 31, 2024, was approximately 12.1%, a decrease from approximately 17.4% as of September 30, 2023[21]. - The current ratio of the Group improved to approximately 2.9 as of March 31, 2024, compared to approximately 2.7 as of September 30, 2023[21]. - Total liabilities increased to HK$539,605,000 from HK$520,792,000, reflecting a growth of 3.6%[83]. - Total current assets as of March 31, 2024, were HK$603,856,000, slightly up from HK$600,194,000 in 2023[99]. - Total equity as of March 31, 2024, was HK$531,617,000, up from HK$513,420,000 in 2023, reflecting a growth of 3.2%[102]. Investments and Commitments - The Group plans to invest in and develop its OEM business proactively to broaden its revenue base[19]. - As of 31 March 2024, the Group had capital commitments of approximately HK$3,041,000, a decrease from approximately HK$11,262,000 as of 30 September 2023[30]. - A construction works contract was entered into for a manufacturing plant in Indonesia, with a fixed consideration of Rp117,766,000,000 (approximately HK$57,085,000)[30]. Dividends - The Board declared an interim dividend of HK3.6 cents per ordinary share for the six months ended 31 March 2024, an increase from HK2.4 cents for the same period last year[27]. - The final dividend for the year ended 30 September 2023 was approved and paid at HK3.3 cents per ordinary share, down from HK4.3 cents for the previous year[152]. - An interim dividend of HK3.6 cents per ordinary share was declared for the six months ended 31 March 2024, totaling approximately HK$20,281,000, compared to HK$13,520,000 for the same period in 2023[175]. Operational Overview - The Group operates three manufacturing plants located in China, Vietnam, and Indonesia, with a new plant under construction in Indonesia to enhance cost competitiveness and service capabilities[15]. - The Group operates in a single segment focused on manufacturing and selling adhesives, primers, hardeners, and vulcanized shoes adhesive products for footwear manufacturers[121]. - The Group's financial statements are prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with local regulations[110]. Taxation - The Group's provision for the PRC Enterprise Income Tax for the period was HK$190,000, with Macau Complementary Tax at HK$6,096,000[147]. - The Group's overall tax provision reflects a significant increase in tax expenses compared to the previous period, indicating a potential impact on net profit[165]. Corporate Governance - The Company complied with the Corporate Governance Code provisions for the six months ended 31 March 2024[27]. - All Directors confirmed compliance with the Model Code for Securities Transactions throughout the reporting period[27]. - The audit committee, consisting of four independent non-executive Directors, has reviewed the condensed consolidated financial statements for the six months ended March 31, 2024[62].

Financial Performance - For the six months ended March 31, 2024, the company reported revenue of HKD 332,498,000, a decrease of 7.3% compared to HKD 358,656,000 for the same period in 2023[2] - Gross profit for the same period increased to HKD 124,918,000, up 17.9% from HKD 105,965,000 year-on-year[2] - Operating profit rose to HKD 51,274,000, representing a significant increase of 47.4% compared to HKD 34,750,000 in the previous year[2] - Net profit attributable to shareholders for the period was HKD 40,991,000, an increase of 48.9% from HKD 27,539,000 in the prior year[2] - Basic earnings per share increased to HKD 0.0728, up from HKD 0.0489, reflecting a growth of 48.9%[2] - The group reported a profit of HKD 40,991,000 for the six months ended March 31, 2024, compared to HKD 27,539,000 for the same period in 2023, representing a significant increase of 48.8%[19] - The basic earnings per share for the six months ended March 31, 2024, was HKD 0.0728, up from HKD 0.0489 in the same period of 2023[19] - Other income rose by approximately 75.4%, totaling about HKD 6,087,000 for the six months ended March 31, 2024, compared to HKD 3,471,000 in 2023, primarily driven by increased interest income[27] Assets and Liabilities - Total assets as of March 31, 2024, amounted to HKD 1,175,461,000, compared to HKD 1,171,995,000 as of September 30, 2023[6] - Current assets increased to HKD 603,856,000 from HKD 600,194,000, indicating a slight growth of 0.4%[6] - The company’s cash and cash equivalents stood at HKD 358,505,000, up from HKD 346,392,000, reflecting an increase of 3.4%[6] - The company has maintained a stable non-current asset base, with total non-current assets at HKD 145,854,000, slightly up from HKD 144,801,000[6] - As of March 31, 2024, the group's interest-bearing bank borrowings were HKD 62,000,000, down from HKD 85,000,000 as of September 30, 2023[37] - The group's debt-to-equity ratio was approximately 12.1% as of March 31, 2024, compared to 17.4% as of September 30, 2023, indicating improved financial stability[39] Dividends and Taxation - The group declared an interim dividend of HKD 0.036 per share for the six months ended March 31, 2024, compared to HKD 0.024 per share for the same period in 2023, reflecting a 50% increase[17] - The total tax expense for the six months ended March 31, 2024, was HKD 9,678,000, an increase of 49.1% from HKD 6,493,000 in the same period of 2023[12] - The group did not generate any income in Hong Kong for the six months ended March 31, 2024, and therefore did not make any provision for Hong Kong profits tax[16] - The group’s subsidiary in China, Zhuhai Zetao, enjoys a preferential corporate income tax rate of 15% for the six months ended March 31, 2024[13] - The group’s subsidiary in Indonesia is subject to a corporate income tax rate of 22% for the six months ended March 31, 2024[15] Operational Focus and Strategy - The company continues to focus on the manufacturing and sales of adhesives and related products for the footwear industry, with no new product launches or acquisitions reported during this period[7] - The group is actively constructing a new manufacturing facility on industrial land acquired in Indonesia to enhance cost competitiveness and service delivery[32] - The group plans to continue monitoring and controlling operational costs in response to market inflation and declining purchasing power[33] - The company is committed to R&D, focusing on environmentally friendly products and collaborating with international chemical firms to develop new products[34] - The group anticipates stable sales growth in the medium to long term due to increasing global demand for footwear and stricter quality requirements for adhesives[36] Employment and Commitments - The group employed a total of 405 employees as of March 31, 2024, with employee benefit expenses amounting to approximately HKD 48,220,000 for the six months ending March 31, 2024[46] - As of March 31, 2024, the group has capital commitments of approximately HKD 3,041,000 for the acquisition of properties, machinery, and equipment[42] Compliance and Governance - The group has maintained compliance with the corporate governance code as of March 31, 2024[54] - The group has no significant investments, acquisitions, or disposals during the six months ending March 31, 2024[41] - There are no significant contingent liabilities as of March 31, 2024[43] - The group has not adopted any share option schemes since July 22, 2020[47] - The group has no purchases, sales, or redemptions of its listed securities during the six months ending March 31, 2024[56] - The group has no major events occurring after the reporting period, aside from the disclosed construction contract[44] - The construction contract for the manufacturing plant in Indonesia is fixed at IDR 117,766,000,000 (approximately HKD 57,085,000), excluding VAT[44]

Financial Performance - The group's revenue for the year ended September 30, 2023, was approximately HKD 671.75 million, a decrease of about 22.1% compared to HKD 862.10 million for the previous year[8]. - The net profit for the year ended September 30, 2023, was approximately HKD 67.05 million, down approximately 33.8% from HKD 101.35 million in the prior year[8]. - Adjusted net profit for the year ended September 30, 2023, is approximately HKD 63.76 million, a decrease of about 6.1% compared to the adjusted net profit of HKD 67.87 million for the previous year[18]. - The group reported a gross profit of approximately HKD 209.11 million for the year ended September 30, 2023, compared to HKD 223.18 million in the previous year, indicating relative stability[14]. - The board proposed a final dividend of HKD 0.033 per share and a special dividend of HKD 0.008 per share, compared to HKD 0.043 and HKD 0 for the previous year respectively[9]. Cost Management - The sales and distribution costs remained stable at approximately HKD 51.52 million for the year ended September 30, 2023, compared to HKD 51.83 million in the previous year[16]. - Administrative expenses were approximately HKD 87.14 million for the year ended September 30, 2023, compared to HKD 92.55 million in the previous year, showing relative stability[17]. - The group is actively monitoring and controlling operational costs in response to market inflation and declining purchasing power[21]. Debt and Financial Position - As of September 30, 2023, the group held interest-bearing bank loans of HKD 85 million, an increase from HKD 30 million as of September 30, 2022[25]. - The group's debt-to-equity ratio as of September 30, 2023, was approximately 17.4%, up from 7.5% a year earlier[28]. - The group has no significant contingent liabilities as of September 30, 2023, maintaining a stable financial position[33]. Employee and Workforce - The group employed a total of 411 employees as of September 30, 2023, compared to 396 employees a year prior[35]. - The total number of employees as of September 30, 2023, is 411, an increase from 396 in 2022, representing a growth of 3.8%[174]. - The employee turnover rate for the reporting period is 15.1%, up from 14.6% in the previous year, indicating a slight increase in employee attrition[174]. - The number of trained employees increased significantly to 269, representing 65.3% of the total workforce, compared to 137 (34.6%) in the previous year[184]. Governance and Compliance - The board consists of seven members, including four executive directors and three independent non-executive directors[48]. - All directors confirmed compliance with the standard code for securities trading throughout the year ending September 30, 2023[43]. - The company has established a remuneration committee, nomination committee, and audit committee to oversee governance functions[45]. - The company has adopted a board diversity policy to achieve appropriate balance in professional knowledge, skills, experience, and perspectives[70]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to sustainable development, prioritizing it in long-term goals and has established clear short-term and long-term sustainability visions and targets[121]. - The group has formed a cross-departmental ESG working group to enhance cooperation and achieve consistent performance in environmental, social, and governance matters[121]. - The company aims to reduce all emissions (including air pollutants, greenhouse gases, hazardous and non-hazardous waste, and wastewater) by 3% by 2026 and by 20% by 2036, with a long-term goal of achieving carbon neutrality by 2050[142]. - The company has established an environmental management system certified by ISO 14001:2015 to monitor and improve its environmental impact and operational efficiency[142]. Safety and Health - The company has maintained a zero fatality rate due to work-related incidents for three consecutive years, with no reported work-related injuries in 2023[180]. - Employee training programs are tailored to departmental needs, with a focus on environmental management and occupational health and safety, ensuring compliance with ISO14001 standards[182]. - The company has implemented a comprehensive safety policy, conducting regular safety inspections and providing protective equipment to employees[176]. Supplier and Product Management - The company emphasizes the importance of environmental and social responsibility in supplier relationships, prioritizing those with ISO 14001 certification[188]. - The company has established a responsible chemical management system to ensure the safety of hazardous materials used in its products[192]. - The group adheres strictly to national and local laws regarding product safety labeling, ensuring compliance with regulations such as the Chemical Safety Labeling Regulations in China[197].

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 部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 INFINITY DEVELOPMENT HOLDINGS COMPANY LIMITED 星 謙 發 展 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：640） 截至二零二三年九月三十日止年度之年度業績公佈 星謙發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止年度之經審核綜合 業績，連同截至二零二二年九月三十日止年度同期之比較數字如下： 綜合損益表 截至二零二三年九月三十日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 4 671,750 862,101 銷售成本 (462,644) (638,921) 毛利 209,106 223,180 其他收入 8,568 4,529 出售分類為持作出售之資產所得收益 840 32,692 投資物業公平值變動 – (600) 其他收益及虧損淨額 ...

Financial Performance - For the six months ended 31 March 2023, the company reported a total revenue of HK$358,656,000, compared to HK$377,603,000 for the same period in 2022, indicating a decrease of approximately 5.5%[2] - Revenue for the six months ended March 31, 2023, was HK$358,656,000, a decrease of 5.5% compared to HK$377,603,000 in 2022[5] - Gross profit increased by approximately 16.7%, reaching HK$105,965,000 for the six months ended 31 March 2023, up from HK$90,789,000 in 2022[63] - Profit before tax for the period was HK$34,032,000, down 40.7% from HK$57,480,000 in 2022[5] - Profit attributable to owners for the six months ended March 31, 2023, was approximately HK$27,539,000, a decrease of approximately 49.1% compared to HK$54,083,000 for the same period in 2022[88] - Basic earnings per share decreased to HK4.89 cents from HK9.60 cents, reflecting a 49.1% drop[5] - The comprehensive income for the period ending March 31, 2023, was HK$30,493,000, compared to HK$58,950,000 for the previous period[199] - Other comprehensive income for the period, net of tax, was HK$2,954,000, down from HK$4,867,000 year-on-year[173] - The total comprehensive income attributable to owners of the company decreased significantly, reflecting the overall decline in profitability[173] Dividends and Shareholder Returns - The interim dividend declared for the six months ended 31 March 2023 is HK$0.024 per ordinary share, totaling approximately HK$13,520,000, an increase from HK$10,704,000 for the same period in 2022[10] - The Board declared an interim dividend of HK2.4 cents per ordinary share for the six months ended March 31, 2023, compared to HK1.9 cents for the same period in 2022[1] - Dividends declared for the period were HK$24,224,000, which is a significant increase from HK$15,774,000 in the prior period[199] Assets and Liabilities - The total non-current assets in the geographical region were reported at HK$358,656,000, down from HK$377,603,000[3] - Current assets totaled 574,594 million, compared to 558,244 million, indicating an increase of about 3%[33] - Total current liabilities rose to 217,538 million from 201,215 million, representing an increase of approximately 8%[33] - The Group's inventories decreased significantly from 128,239 million to 85,420 million, a reduction of about 33%[33] - Trade, bills, and other receivables decreased from 278,684 million to 183,743 million, a decline of approximately 34%[33] - The Group's cash and bank balances increased to 279,259 million, up from 135,238 million, showing a growth of about 106%[33] - The Group's right-of-use assets saw a significant decrease from 41,149 million to 14,181 million, a reduction of about 66%[33] - The Group's investments in associates decreased from 6,740 million to 6,126 million, a decline of approximately 9%[33] Expenses and Costs - Selling and distribution costs rose by approximately 11.4%, amounting to HK$26,225,000 for the six months ended 31 March 2023, compared to HK$23,535,000 in 2022[63] - Administrative expenses increased by approximately 24.1%, totaling HK$49,936,000 for the six months ended 31 March 2023, up from HK$40,252,000 in 2022[63] - The company incurred finance costs of HK$1,332,000, significantly higher than HK$366,000 in the previous year[5] - The increase in gross profit was primarily due to a decrease in costs of purchase for the six months ended 31 March 2023[63] Employee and Management Information - As of March 31, 2023, the Group employed a total of 412 employees, an increase from 396 employees as of September 30, 2022[75] - For the six months ended March 31, 2023, employee benefits expense amounted to approximately HK$48,613,000, compared to approximately HK$43,116,000 for the same period in 2022, reflecting an increase of about 11.6%[75] - The remuneration policy for Directors is linked to the financial results of the Group and individual performance, ensuring competitiveness within the industry[75] Corporate Governance and Compliance - The Company complied with the Corporate Governance Code provisions for the six months ended March 31, 2023[1] - The Company confirmed compliance with the Model Code for Securities Transactions by Directors throughout the reporting period[1] - The audit committee has reviewed the condensed consolidated financial statements for the six months ended March 31, 2023[113] - RSM Hong Kong has conducted a review of the financial statements in accordance with the relevant standards[113] Future Outlook and Strategy - The Group expects stable growth in sales in the medium to long term due to increasing global demand for footwear and environmental adhesive products[68] - The Group will continue to monitor working capital management closely and adjust business strategies as necessary in response to market changes[72] - The Board finds it challenging to predict sales performance for 2023 due to uncertainties from high inflation and decreased purchasing power[90] - The Group plans to invest in and develop its OEM business to broaden its revenue base[91] - The company plans to adopt a cautious approach in 2023 to ensure sustainable development and will closely monitor working capital management[119] - The company will also keep a vigilant watch on the latest developments in the footwear manufacturing industry and inflation trends[119] Shareholding and Interests - As of March 31, 2023, Mr. Ieong Un holds a total of 342,500,000 shares in All Reach, representing approximately 60.80% of the shareholding[104] - Mr. Ieong Un also beneficially owns 78,818,769 shares, which accounts for about 13.99% of the total shares[104] - The total interests beneficially held by Mr. Ieong Un, including those held by his spouse, amount to 421,318,769 shares[110] - All Reach Investments Limited, wholly owned by Mr. Ieong Un, holds 342,500,000 shares, representing approximately 60.80% of the total shareholding[131] - Ms. Chan Sut Kuan, spouse of Mr. Ieong Un, holds 421,318,769 shares, which accounts for approximately 74.79% of the total shareholding[131] Cash Flow and Financial Position - Net cash generated from operating activities was HK$142,658,000, compared to a cash outflow of HK$8,147,000 in the previous period[158] - Cash and cash equivalents at the end of the period were HK$274,733,000, up from HK$198,588,000 in the previous year[158] - The company reported a net cash used in investing activities of HK$18,466,000, compared to a net cash generated of HK$85,439,000 in the previous period[158] - The company reported a cash flow change of HK$6,269,000 for the period, indicating a positive cash flow trend[200] Financial Reporting Standards - The Group has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a material effect on the consolidated financial statements[53] - The interim financial information is prepared in accordance with Hong Kong Accounting Standard 34[144] - The financial statements were prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with local regulations[183] - The financial review was conducted in accordance with Hong Kong Standard on Review Engagements 2410, indicating no significant issues were found[143] Other Information - The company continues to engage in the manufacturing and selling of adhesives and related products for the footwear industry, maintaining its core business focus[181] - There were no significant investments, material acquisitions, or disposals during the six months ended 31 March 2023[74] - No other material events occurred after the reporting period up to the date of this interim report[75] - No listed securities were purchased, sold, or redeemed by the Company or its subsidiaries during the six months ended March 31, 2023[1] - No other individuals, apart from the directors, have registered interests or short positions in the shares as of March 31, 2023[111]

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。 INFINITY DEVELOPMENT HOLDINGS COMPANY LIMITED 星 謙 發 展 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：640） 截至二零二三年三月三十一日止六個月之 中期業績公佈 星謙發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止六個月之未經審 核簡明綜合中期業績，連同截至二零二二年三月三十一日止六個月同期之比較數 字如下： 簡明綜合損益表 截至二零二三年三月三十一日止六個月 截至三月三十一日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 收益 4 358,656 377,603 銷售成本 (252,691) (286,814) 毛利 105,965 90,789 其他收入 3,471 1,611 出售分類為持作出售之資產 ...

Environmental Impact - Total hazardous waste increased to 131 tonnes in 2022 from 60 tonnes in 2021, representing a 118.3% increase[1]. - Hazardous waste intensity rose to 0.0041 tonnes per tonnes of adhesives produced in 2022, up from 0.0023 in 2021, indicating an increase of 78.3%[1]. - Total non-hazardous waste decreased significantly to 20 tonnes in 2022 from 267 tonnes in 2021, a reduction of 92.5%[1]. - Non-hazardous waste intensity improved to 0.0006 tonnes per tonnes of adhesives produced in 2022, down from 0.0103 in 2021, a decrease of 94.2%[1]. - Total sewage generated during the reporting period was approximately 46,403 tonnes, a reduction of around 7% compared to the previous year[5]. - Water consumption decreased to 59,640 cubic meters in 2022 from 72,156 cubic meters in 2021, a reduction of 17.3%[24]. Energy Consumption - Total energy consumption increased to 5,796 MWh in 2022 from 4,520 MWh in 2021, an increase of 28.2%[19]. - Direct energy consumption decreased slightly to 1,183 MWh in 2022 from 1,216 MWh in 2021, a decrease of 2.7%[19]. - Indirect energy consumption rose significantly to 4,613 MWh in 2022 from 3,304 MWh in 2021, an increase of 39.7%[19]. Financial Performance - The Group's revenue for the year ended 30 September 2022 was approximately HK$862,101,000, representing an increase of approximately 34.0% compared to HK$643,446,000 for the year ended 30 September 2021[81]. - The gross profit for the year ended 30 September 2022 was approximately HK$223,180,000, reflecting an increase of approximately 13.5% from HK$196,675,000 in the previous year[81]. - Profit attributable to owners of the Company rose by approximately 144.4%, from HK$41,463,000 in 2021 to HK$101,350,000 in 2022[82]. - Adjusted profit attributable to owners for 2022, excluding non-core items, is approximately HK$67,874,000, representing a 15.8% increase from HK$58,599,000 in 2021[82]. Corporate Governance - The Company complied with all applicable code provisions of the Corporate Governance Code for the year ended 30 September 2022, except for one deviation related to the "Chairman and Chief Executive" section[68]. - The Board held a total of 5 meetings during the year, with all executive directors attending 100% of the meetings[73]. - The Company has established various Board Committees, including the Remuneration Committee, Nomination Committee, and Audit Committee, to delegate specific responsibilities[71]. - The Board is responsible for corporate policy formulation, business strategic planning, risk management, and significant operational and financial matters[74]. - The Company ensures compliance with statutory requirements and maintains good corporate governance practices through continuous updates on regulatory developments[70]. Research and Development - The Group has established partnerships with international chemical corporations and technology experts to enhance its research and development capabilities[41]. - The Group's R&D efforts are focused on developing high-quality products to meet market needs and future industry demands[57]. - The Group collaborates with renowned chemical companies from Germany and Japan for new product development[57]. Market Outlook - The medium to long-term outlook indicates stable sales growth due to increasing global demand for footwear and environmental water-based adhesive products[42]. - The Board finds it challenging to predict sales performance for 2023 due to ongoing global pandemic effects and market uncertainties such as high inflation and decreased purchasing power[56]. - The Group maintains long-term relationships with prestigious customers, which is expected to support stable sales growth[42]. - The Group will continue to allocate necessary resources to increase market share as appropriate[42]. Employee Information - As of 30 September 2022, the Group employed a total of 396 employees, an increase from 356 employees as of 30 September 2021[90]. - For the year ended 30 September 2022, employee benefits expense amounted to approximately HK$92,581,000, compared to approximately HK$85,433,000 for the year ended 30 September 2021, reflecting an increase of about 8.4%[90]. Risk Management - The Group's risk management procedures aim to identify, evaluate, and manage risks effectively rather than eliminate all risks of failure[190]. - The Board conducted an annual review of its risk management and internal control effectiveness for the year ended September 30, 2022, with no significant areas of improvement identified[170]. - The Board is directly responsible for the risk management and internal control systems of the Group, supported by the Audit Committee[168].

Revenue and Profitability - Revenue for the six months ended March 31, 2022, was approximately HK$377,603,000, representing an increase of approximately 16.2% compared to HK$324,972,000 for the same period in 2021[12]. - The profit for the period attributable to the owners of the Company for the six months ended 31 March 2022 was approximately HK$54,083,000, representing an increase of approximately 81.7% compared to HK$29,760,000 for the same period in 2021[15]. - Excluding a one-off non-recurring gain on the disposal of properties of approximately HK$32,692,000, the adjusted profit for the period would be approximately HK$21,391,000, representing a decrease of approximately 28.1% compared to the previous year's HK$29,760,000[15]. - Profit from operations increased to HK$57,586,000, a 58.6% rise compared to HK$36,339,000 in the previous year[78]. - Profit before tax for the period was HK$57,480,000, up 68.8% from HK$34,044,000 in the prior year[78]. - Basic earnings per share rose to HK9.60 cents, compared to HK5.28 cents in the previous year, reflecting a 81.7% increase[78]. - Total comprehensive income for the period attributable to the owners of the Company was HK$58,950,000, up 75.5% from HK$33,579,000 in the prior year[87]. Costs and Expenses - Gross profit for the same period decreased to approximately HK$90,789,000, a decline of approximately 18.7% from HK$111,618,000 in 2021[12]. - The decrease in gross profit was primarily due to increased costs of purchase for the six months ended March 31, 2022[12]. - Selling and distribution costs remained stable at approximately HK$23,535,000 for the six months ended March 31, 2022, compared to HK$22,323,000 in 2021[12]. - Administrative expenses decreased by approximately 25.7% to approximately HK$39,222,000 from HK$52,790,000 in the previous year[12]. - The employee benefits expense for the six months ended March 31, 2022, amounted to approximately HK$43,116,000, down from approximately HK$48,087,000 for the same period in 2021[30]. Financial Position - As of March 31, 2022, the Group had interest-bearing bank borrowings of approximately HK$30,000,000, down from approximately HK$37,798,000 as of September 30, 2021[26]. - The Group's gearing ratio as of March 31, 2022, was approximately 8.0%, compared to approximately 9.6% as of September 30, 2021[26]. - The current ratio of the Group as of March 31, 2022, was approximately 2.6, down from approximately 3.1 as of September 30, 2021[26]. - Current assets increased to HK$581,833,000, compared to HK$477,483,000 as of September 30, 2021, marking a 21.8% growth[90]. - Current liabilities rose to HK$220,885,000, up from HK$154,580,000, indicating a 42.7% increase[90]. - Net current assets improved to HK$360,948,000, compared to HK$322,903,000 as of September 30, 2021, reflecting an 11.8% increase[90]. - Total non-current liabilities decreased from HK$12,118,000 to HK$8,005,000, a reduction of approximately 34.7%[95]. - Net assets increased from HK$428,542,000 to HK$471,718,000, representing an increase of about 10.1%[95]. - Total equity rose from HK$428,542,000 to HK$471,718,000, marking an increase of approximately 10.1%[95]. - Cash and cash equivalents at the end of the period increased to HK$198,588,000 from HK$112,813,000, a growth of about 76.0%[100]. Investments and Dividends - An interim dividend of HK1.9 cents per ordinary share has been declared for the six months ended 31 March 2022, down from HK2.7 cents in the same period last year[36]. - The final dividend for the year ended 30 September 2021 was approved at HK2.3 cents per ordinary share, down from HK5.2 cents in the previous year, totaling HK$12,957,000[134]. - An interim dividend of HK1.9 cents per ordinary share was declared for the six months ended 31 March 2022, totaling approximately HK$10,704,000, compared to HK$15,210,000 for the same period in 2021[141]. Market and Operational Strategy - The increase in revenue was driven by contributions across all geographic regions for the six months ended March 31, 2022[12]. - The company aims to continue exploring market expansion opportunities and enhancing operational efficiency in the upcoming periods[12]. - Future product development and technological advancements are being prioritized to strengthen the company's market position[12]. - The Group plans to tighten control over operating costs in the short term due to uncertainties from the persistent epidemic effect[15]. - The Board expects stable sales growth in the medium to long term due to increasing global demand for footwear and stringent quality requirements for adhesives[19]. - The Group will continue to invest in its core business and consider developing its OEM business to broaden its revenue base[20]. Corporate Governance and Compliance - The Company complied with the Corporate Governance Code provisions for the six months ended 31 March 2022[37]. - The Board believes that having the same individual as chairman and CEO provides strong and consistent leadership for the Group[38]. - All Directors confirmed compliance with the Model Code for Securities Transactions throughout the reporting period[40]. Research and Development - The Group collaborates with international chemical corporations and technology experts to enhance its research and development capabilities and maintain a technological leading position in the industry[17]. Shareholding and Management - Mr. Ieong Un holds a long position of 342,500,000 shares (60.80%) through All Reach Investments Limited and an additional 78,818,769 shares (13.99%) as a beneficial owner[48]. - The total interests beneficially held by Mr. Ieong Un amount to 78,818,769 shares[60]. - Mrs. Chan Sut Kuan, as the spouse of Mr. Ieong Un, has an interest in 421,318,769 shares, which is about 74.79% of the total shares[57]. - Key management personnel remuneration increased to HK$13,019,000 for the six months ended 31 March 2022, up from HK$12,752,000 in the previous year, representing a growth of 2.1%[163]. - Directors' emoluments rose to HK$9,493,000 for the six months ended 31 March 2022, compared to HK$9,042,000 in the same period last year, reflecting an increase of 5.0%[165]. Assets and Liabilities - The Group's financial assets at fair value through other comprehensive income (FVTOCI) include listed equity securities valued at HK$3,752,000 and listed debt securities valued at HK$1,456,000, totaling HK$5,208,000 as of 31 March 2022[109]. - The ageing analysis of trade receivables shows that as of March 31, 2022, the total amount was HK$223,350,000, an increase from HK$162,717,000 as of September 30, 2021[148]. - Trade payables aged 0 to 90 days as of March 31, 2022, were HK$74,630,000, compared to HK$28,118,000 as of September 30, 2021[155]. - The Group did not have any significant contingent liabilities as of March 31, 2022[28]. - The Group's lease liabilities increased to approximately HK$7,535,000 as of March 31, 2022, from approximately HK$3,354,000 as of September 30, 2021[26]. Miscellaneous - The Group did not have any significant investments, material acquisitions, or disposals for the six months ended March 31, 2022[28]. - The company expresses gratitude to patrons, suppliers, business partners, and shareholders for their support during the period[66]. - The company operates under the community property regime according to Macau laws[58]. - The Group operates in a single segment focused on manufacturing and selling adhesive products for footwear manufacturers[119].