董事會會議日期 中國恒天立信國際有限公司 (「本公司」) 董事會 (「董事會」) 謹此宣佈，本公司 董事會會議將於二零二五年八月二十八日 (星期四) 舉行，藉以 (其中包括) 通過本 公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核中期業績及其發 佈，並考慮派發中期股息(如有)。 承董事會命 中國恒天立信國際有限公司 公司秘書 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 CHTC FONG'S INTERNATIONAL COMPANY LIMITED 中國恒天立信國際有限公司 (於百慕達註冊成立之有限公司) (股份代號: 641) 李志強 香港，二零二五年八月十三日 於本公告日期，本公司之執行董事為管幼平先生 (主席) 與陳鵬先生（總經理）；非執行 董事為方國樑先生；以及獨立非執行董事為唐永智先生、蔣高明博士與陳英博士。 ...

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: 中國恒天立信國際有限公司 II. 已發行股份及/或庫存股份變動 | 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) | 00641 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,100,216,570 | | 0 | | 1,100,216,570 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,100,216,570 | | 0 | | 1,100,216,570 | 第 2 頁 共 10 頁 v 1.1.1 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 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue increase of 13% to approximately HKD 1,968,000,000 compared to the previous year[9]. - The group reported a loss attributable to shareholders of approximately HKD 118,000,000, an improvement from a loss of HKD 239,000,000 in 2023[9]. - The group’s consolidated revenue for the fiscal year ending December 31, 2024, increased by 13% to approximately HKD 1,968,000,000, compared to HKD 1,740,000,000 in 2023[47]. - The revenue from the dyeing and finishing machinery segment was approximately HKD 1,527,000,000, accounting for 78% of the group's total revenue, representing a 19% increase from HKD 1,288,000,000 in the previous year[48]. - The stainless steel casting segment generated revenue of approximately HKD 385,000,000, accounting for 19% of total revenue, a slight decrease of 2% from HKD 394,000,000 in the previous year[60]. - The stainless steel trading segment generated revenue of approximately HKD 56 million, representing 3% of the group's total revenue, a slight decline of 3% from HKD 58 million in the previous year[68]. - The basic and diluted loss per share for the year was HKD 0.1076, compared to HKD 0.2169 in the previous year[47]. Market and Sales Strategy - The sales breakdown for 2024 shows that dyeing machinery accounted for 78% of total revenue, stainless steel castings for 19%, and stainless steel materials for the remaining 3%[9]. - In 2024, the revenue from mainland China represented 43% of total sales, while Hong Kong contributed 3%[21]. - The company aims to increase its market share by 3% through targeted marketing strategies[9]. - The company plans to increase R&D investment to develop high-cost performance products that meet market demand[12]. - The company will focus on technology upgrades and customized solutions in the dyeing machinery manufacturing sector to meet evolving customer needs[10]. - Market expansion plans include entering two new international markets by Q3 2024[6]. Operational Efficiency and Cost Management - The company aims to enhance production efficiency and expand capacity to ensure stable business operations[10]. - Operational efficiency improvements are projected to reduce costs by 5% in the next quarter[8]. - The company is implementing cost control measures across all operational areas to maintain cash flow and manage financial stability[52]. - The group plans to enhance operational efficiency and control costs while continuing to focus on core business development and product design improvements[73]. Research and Development - The company is investing in new technology development, allocating $10 million for R&D in the upcoming fiscal year[5]. - The company plans to increase investment in R&D to provide higher value products and improve production efficiency through automation and digital transformation[59]. Corporate Governance - The board of directors is responsible for strategic direction and overall policy, ensuring effective leadership and monitoring of the company's affairs[87]. - The board has established three committees: the Nomination Committee, the Remuneration Committee, and the Audit Committee, each with clear written terms of reference[99]. - The company conducts regular reviews of its corporate governance policies and practices to ensure compliance with legal and regulatory requirements[98]. - The company promotes its core values and strategies across all levels of employees, integrating them into business decisions and operations[92]. Financial Management and Stability - The group’s debt ratio increased to 96% as of December 31, 2024, compared to 89% the previous year[84]. - The current ratio as of December 31, 2024, was 0.59, slightly up from 0.56 the previous year[84]. - The net cash inflow from operating activities for the fiscal year ending December 31, 2024, was approximately HKD 165 million[83]. - Employee costs for the fiscal year 2024 amounted to approximately HKD 521 million, accounting for 26% of operating revenue, down from 32% in the previous year[82]. Future Outlook - The company anticipates moderate global economic growth in 2025, supported by the restructuring of manufacturing industry supply chains in developing economies[12]. - The company acknowledges the ongoing challenges posed by geopolitical tensions and trade protectionism affecting global economic recovery[12]. - The group expects business conditions to remain very challenging this year, with a negative market outlook impacting overseas markets[79]. Shareholder Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and transparency[127]. - The board will consider various factors, including financial performance and capital expenditure needs, when deciding on future dividend declarations[133]. - The board has decided not to recommend any final dividend for the year ending December 31, 2024, resulting in no dividends being declared for the entire year[137].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of HKD 1,968,433,000, representing an increase of 13.1% compared to HKD 1,740,330,000 in 2023[2] - The gross profit for the same period was HKD 497,262,000, slightly up from HKD 489,572,000, indicating a gross margin improvement[2] - The company incurred a pre-tax loss of HKD 104,879,000, which is an improvement from a loss of HKD 248,484,000 in the previous year, reflecting a reduction in losses by 57.8%[2] - The annual loss attributable to shareholders was HKD 116,122,000, down from HKD 238,791,000, marking a 51.4% decrease in losses year-over-year[3] - The group reported a net loss of approximately HKD 116,122,000 for the year ended December 31, 2024[10] - The company reported a basic loss per share of HKD 10.76, improving from HKD 21.69 in the previous year[3] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 2,161,483,000, a decrease from HKD 2,228,828,000 in 2023[4] - The net current liabilities decreased to HKD 799,515,000 from HKD 942,170,000, representing a reduction of approximately 15.1% year-over-year[5] - Total assets minus current liabilities increased to HKD 1,361,968,000, up from HKD 1,286,658,000, indicating a growth of about 5.9%[5] - Non-current bank and other borrowings rose significantly to HKD 293,376,000 from HKD 74,378,000, reflecting an increase of approximately 295.5%[5] - The net assets decreased to HKD 973,475,000 from HKD 1,110,572,000, a decline of around 12.3%[5] - The total equity attributable to owners decreased from HKD 1,184,173,000 to HKD 1,043,706,000, a drop of about 11.9%[5] Revenue Breakdown - Revenue from the sale of dyeing machines was HKD 1,527,047,000, up 18.6% from HKD 1,288,151,000 in the previous year[14] - Revenue from stainless steel casting products decreased slightly to HKD 385,241,000 from HKD 393,783,000, a decline of 2.0%[14] - Revenue from stainless steel trading was HKD 56,145,000, down from HKD 58,396,000, a decrease of 3.9%[14] - Revenue from mainland China accounted for HKD 844,543,000, an increase of 13.8% from HKD 742,385,000 in 2023[20] - Revenue from the Asia-Pacific region (excluding mainland China and Hong Kong) was HKD 469,208,000, up 14.2% from HKD 410,703,000[20] Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming fiscal year[2] - The company plans to increase R&D investment and focus on high-value products to maintain competitiveness in the market[48] - The management team is focused on expanding new customer sources and exploring potential collaboration opportunities to lay the foundation for long-term growth[59] - The group plans to continue investing in technology research and development to provide customers with higher value products[56] - The group aims to enhance operational efficiency by closely monitoring market trends and controlling operating costs[64] Financial Management - The group has implemented financial risk management policies to ensure all payables are settled within the credit period[42] - The group has implemented a prudent financial management policy to ensure ongoing operations and has sufficient cash and cash equivalents to meet current operational needs[70] - The company emphasizes the importance of effective governance and compliance with applicable laws and regulations for its stable development[75] Employee and Operational Metrics - As of December 31, 2024, the group had approximately 1,900 employees, a decrease from about 2,200 employees as of December 31, 2023[66] - Employee costs, including director remuneration and retirement benefit contributions, amounted to approximately HKD 521 million for the year 2024, accounting for 26% of operating revenue, down from 32% in 2023[68] Market Outlook - Global economic growth is expected to remain moderate in 2025, with challenges from geopolitical tensions and trade protectionism[47] - The group anticipates that the business environment will remain challenging this year, with negative market outlooks and a slowdown in overseas markets, but demand in mainland China and Southeast Asia remains strong[64] Compliance and Reporting - The audit committee has reviewed the accounting policies and the audited consolidated financial statements for the year ending December 31, 2024[78] - The annual report for the year ending December 31, 2024, will be sent to shareholders and published on the Hong Kong Stock Exchange website and the company's website[79]

GREEN INNOVATION GLOBALISATION 中 國 恒 天 立 信 國 際 有 限 公 司 (股 恒 天 立 信 國 際 有 限 公 司 (股 (股) (股 (股 (股 (股 (股 ( 環 保 創 新 國際化 中期報告 2024 INTERIM REPORT 2024 @ 目錄 | --- | --- | |------------------------------|-------| | | 頁次 | | | | | 公司資料 2 | | | 財務概覽 3 | | | 簡明綜合損益及其他全面收益表 | 4–5 | | 簡明綜合財務狀況表 6–7 | | | 簡明綜合權益變動表 8 | | | 簡明綜合現金流量表 9 | | | 簡明綜合財務報告附註 10–24 | | | 管理層論述及分析 25–30 | | | 其他資料 31–34 | | 中國恒天立信國際有限公司 二零二四年 中期報告 2 | --- | --- | |------------------------------------------------------------------------------|----- ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue from continuing operations of HKD 905,502,000, representing an increase of 6.7% compared to HKD 847,985,000 for the same period in 2023[1] - The gross profit for the same period was HKD 229,552,000, up 8.6% from HKD 211,214,000 year-over-year[1] - The company incurred a loss from continuing operations of HKD 45,046,000, a significant improvement compared to a loss of HKD 79,225,000 in the prior year[2] - Total comprehensive loss for the period was HKD 50,182,000, down from HKD 100,484,000 in the previous year, indicating a reduction of 50%[2] - The company reported a pre-tax loss of HKD 44,989,000 for the six months ended June 30, 2024, compared to a loss of HKD 78,059,000 in the same period of 2023, indicating an improvement in financial performance[17] - The basic loss per share attributable to the company’s owners for the six months ended June 30, 2024, was HKD (0.04), compared to HKD (0.07) for the same period in 2023, indicating a reduction in loss per share[20] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 2,196,410,000, slightly down from HKD 2,228,828,000 at the end of 2023[3] - Current assets increased to HKD 1,275,997,000 from HKD 1,220,193,000, reflecting a growth of 4.6%[3] - Current liabilities rose to HKD 2,049,276,000 from HKD 2,162,363,000, showing a decrease of 5.2%[4] - The company's net assets decreased to HKD 1,060,390,000 from HKD 1,110,572,000, a decline of 4.5%[4] - The company reported cash and bank balances of HKD 262,211,000, an increase from HKD 203,602,000 in the previous period[3] - The company's total assets as of June 30, 2024, were not explicitly stated but are implied to have been stable compared to previous periods, reflecting consistent operational capacity[21] Revenue Breakdown - The revenue breakdown shows that the manufacturing and sales of dyeing machinery generated HKD 704,066,000, while stainless steel casting products contributed HKD 174,115,000, and stainless steel trading accounted for HKD 27,321,000[9] - The group’s revenue from the manufacturing and sales of dyeing machinery increased from HKD 618,872,000 in the previous year to HKD 705,838,000, reflecting a strong demand in this segment[10] - The stainless steel casting products segment saw a revenue increase from HKD 207,019,000 to HKD 181,658,000, indicating a slight decline in performance compared to the previous period[10] - For the six months ended June 30, 2024, the stainless steel trading segment recorded revenue of approximately HKD 27,000,000, a decrease of 16% compared to HKD 32,000,000 in the same period last year[36] Operational Challenges - The company faced challenges due to rising raw material prices and a tight labor market, impacting operational costs[29] - The order volume for castings has declined due to customers reducing inventory levels after a significant increase during the pandemic, coupled with a cautious ordering strategy in an uncertain economic environment[34] - The group is implementing cost control measures and capital expenditure management to maintain sufficient cash flow amid a challenging business environment[31] Strategic Initiatives - The management team is focused on developing new customer sources and seeking potential collaboration opportunities to drive growth in unique and high-end casting products[34] - The group plans to upgrade production facilities and increase automation to enhance production efficiency and support the development of higher value casting combinations[34] - The group is enhancing market promotion efforts and focusing on key projects to improve product value and accelerate new customer development[31] - The management is committed to optimizing labor teams and utilizing subcontracting to effectively meet customer demands while controlling fixed labor costs[31] - The group is prioritizing the transformation of digital factories and improving manufacturing processes to increase production capacity and efficiency[33] Market Performance - Sales in the Hong Kong and mainland China markets amounted to approximately HKD 327 million, a slight increase of 5% from HKD 312 million in the previous year[29] - The overseas market sales reached approximately HKD 377 million, a significant increase of 24% from HKD 304 million in the previous year[29] - The management remains cautiously optimistic about the stainless steel trading business, anticipating stable growth due to ongoing large-scale infrastructure projects in Hong Kong[37] Financial Management - The company continues to provide an average credit term of 60 days to its business customers, consistent with the previous year[21] - The average credit period for purchases remained at 90 days, consistent with the previous year[25] - The group aims to enhance operational efficiency by monitoring market conditions and optimizing its workforce structure[38] - The group maintained a cash balance of approximately HKD 262,000,000 as of June 30, 2024, with 51% in RMB, 22% in EUR, 19% in USD, and 6% in HKD[40] - The company's interest expenses on borrowings rose to HKD 35,875,000 in the first half of 2024 from HKD 32,397,000 in the same period of 2023, an increase of about 8%[14] - The group's debt ratio increased to 101% as of June 30, 2024, compared to 89% on December 31, 2023, primarily due to an increase in bank borrowings[41] - The current ratio improved to 0.62 as of June 30, 2024, up from 0.56 on December 31, 2023[41] - The company continues to monitor overall foreign exchange risks and will consider hedging against significant foreign exchange risks when necessary[41]

Financial Performance - For the fiscal year 2023, the company's consolidated operating revenue decreased by 30% to approximately HKD 1,740,000,000, with sales of dyeing and finishing machinery accounting for 74% of the revenue[8]. - The company reported that the operating profit for 2023 was a loss of HKD 205,000,000, compared to a profit of HKD 169,000,000 in 2022[15]. - The company's consolidated revenue for the year ended December 31, 2023, decreased by 30% to approximately HKD 1,740,000,000, compared to HKD 2,489,000,000 in 2022[47]. - The annual loss attributable to the company's owners was approximately HKD 239,000,000, compared to HKD 205,000,000 in 2022[47]. - The operating revenue from the manufacturing and sales of dyeing and finishing machinery was approximately HKD 1,288,000,000, accounting for 74% of the total revenue, down 30% from HKD 1,841,000,000 in the previous year[51]. - The stainless steel casting segment recorded revenue of approximately HKD 394 million, accounting for 23% of the group's total revenue, a decrease of 26% from HKD 533 million last year[59]. - The stainless steel trading segment generated revenue of approximately HKD 58 million, representing only 3% of the group's total revenue, down 49% from HKD 115 million in the previous year[63]. - The company reported a net profit margin of 12%, reflecting improved operational efficiency[39]. Market and Business Strategy - The company plans to maintain a cautiously optimistic outlook for 2024, focusing on R&D for new products and technologies to capture future market opportunities[12]. - The company aims to strengthen its sales team and technical services to meet market demands and enhance product offerings[12]. - The company is investing 50 million in R&D for new technologies aimed at enhancing production efficiency[39]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on innovative textile machinery[39]. - Market expansion plans include entering two new international markets, projected to increase market share by 5%[39]. - The management team emphasized the importance of sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[39]. - The management team is implementing operational cost and capital expenditure control measures to promote business recovery and reduce the operational breakeven point[53]. - The company aims to enhance market promotion efforts, focus on key projects, and accelerate the development of new customers in emerging markets[53]. Operational Efficiency and Cost Management - The company is committed to cost reduction and efficiency improvement to ensure stable cash flow and sustainable development across its business segments[8]. - The company acknowledges the challenges posed by high operating costs due to rising raw material prices and increased competition in the market[8]. - The company plans to continue strict cost control measures across all operational areas, including production, sales, and administration[52]. - Employee costs totaled approximately HKD 551 million, accounting for 32% of revenue, an increase from 28% in the previous year[72]. - The company recorded an operating loss of approximately HKD 198,000,000 in this business segment, compared to HKD 121,000,000 in 2022[51]. Governance and Management - The company has maintained compliance with all provisions of the Corporate Governance Code as outlined in the Hong Kong Stock Exchange Listing Rules for the year ended December 31, 2023[80]. - The board of directors is responsible for overseeing the company's operations and ensuring effective governance practices are in place[82]. - The company has established three board committees: the Nomination Committee, the Remuneration Committee, and the Audit Committee, each with clear written terms of reference[98]. - The Nomination Committee is responsible for considering director nominations and is composed of a majority of independent non-executive directors[100]. - The company emphasizes board diversity, adopting a policy to enhance performance quality through diverse skills, experiences, and perspectives among board members[100]. - The company has a succession plan in place for directors and monitors the independence of non-executive directors[104]. - The Remuneration Committee's primary goal is to attract, retain, and motivate talented employees, which is essential for the company's success[113]. Shareholder Relations and Dividends - The board of directors highlighted the commitment to shareholder returns, with plans to increase dividends by 10% in the next fiscal year[39]. - The company reported no final dividend for the year ended December 31, 2023, with no interim dividend paid, resulting in no dividends for the entire year[147]. - The board of directors has decided to consider various factors before declaring dividends, including the group's financial performance and overall economic environment[142]. Risk Management - The board of directors is responsible for assessing the nature and extent of risks faced by the group in achieving its strategic business objectives[129]. - The internal audit department conducted an internal audit project in 2023 to identify key risk areas in the group's strategy, operations, and finance[130]. - The board regularly reviews the effectiveness of the risk management and internal control systems[129]. - The company ensures compliance with applicable laws and regulations through its internal control systems[130]. Related Party Transactions - The company has engaged in significant related party transactions during the year ending December 31, 2023, with details disclosed in the financial report note 38[179]. - 本公司与奇偉閥門的采购协议中，买方在截至2023年12月31日的年度内向奇偉閥門采购的金额为人民币2,959,490元（约合3,327,000港元）[170]. - 本公司与AUTEFA的许可及合作协议的年度上限为10,000,000港元[173].

Financial Performance - For the year ending December 31, 2023, the company's revenue from continuing operations was HKD 1,740,330, a decrease of 30.0% compared to HKD 2,488,688 in 2022[2] - The cost of sales for the year was HKD 1,250,758, down from HKD 1,845,243 in the previous year, reflecting a reduction of 32.2%[2] - The gross profit for 2023 was HKD 489,572, which is a decline of 23.9% from HKD 643,445 in 2022[2] - The company reported a loss before tax of HKD 248,484, compared to a loss of HKD 158,366 in 2022, indicating a worsening of 56.9%[2] - The total comprehensive loss for the year was HKD 274,480, down from HKD 429,919 in the previous year, representing a decrease of 36.2%[5] - The basic loss per share from continuing and discontinued operations was HKD 21.69, compared to HKD 18.60 in 2022, reflecting an increase of 16.1%[5] - The group reported a net loss of approximately HKD 238,791,000 for the year ended December 31, 2023, with current liabilities netting around HKD 942,170,000[20] - The group reported a net loss attributable to shareholders of approximately HKD 239,000,000 for the year, compared to a loss of HKD 205,000,000 in 2022[69] - The basic loss per share for the year was HKD 0.2169, compared to HKD 0.1860 in 2022[69] Assets and Liabilities - Non-current assets decreased to HKD 2,228,828 from HKD 2,717,735, a reduction of 17.9%[7] - Current assets also declined to HKD 947,585 from HKD 1,246,527, a decrease of 23.9%[7] - The company's total liabilities decreased to HKD 2,162,363 from HKD 2,474,914, a reduction of 12.6%[8] - Net assets fell to HKD 1,110,572 from HKD 1,385,052, indicating a decrease of 19.8%[8] - The group's total non-current assets decreased from HKD 2,642,596,000 in 2022 to HKD 2,168,704,000 in 2023, reflecting a reduction of about 18%[31] - The total amount of trade and other payables decreased to HKD 783.19 million in 2023 from HKD 911.82 million in 2022[61] - The group's bank and other borrowings amounted to HKD 1,189 million, with 54% denominated in RMB and 46% in HKD[94] - The debt ratio increased to 89% as of December 31, 2023, compared to 58% the previous year[96] Revenue Breakdown - The group's revenue from the sale of dyeing machines was HKD 1,288,151,000, a decrease of 30% from HKD 1,840,604,000 in the previous year[25] - Revenue from the sale of stainless steel casting products was HKD 393,783,000, down from HKD 532,555,000, representing a decline of 26%[25] - The total operating revenue for the group was HKD 1,740,330,000, compared to HKD 2,488,688,000 in the previous year, indicating a decrease of approximately 30%[26] - The sales revenue from dyeing machinery accounted for 74% of total revenue, amounting to approximately HKD 1,288,000,000, down 30% from HKD 1,841,000,000 in the previous year[71] - The sales revenue from the Hong Kong and China markets was approximately HKD 619,000,000, a decrease of 3% from HKD 638,000,000 in the previous year[71] - The overseas market sales revenue was approximately HKD 669,000,000, down 44% from HKD 1,203,000,000 in the previous year[71] - The group recorded a revenue of approximately HKD 394 million in the stainless steel casting business, accounting for 23% of total revenue, a decrease of 26% from HKD 533 million last year[80] Financial Management and Governance - The consolidated financial report complies with the Hong Kong Financial Reporting Standards and the relevant disclosure requirements of the Stock Exchange[11] - The company has adopted new Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not have a significant impact on the financial position and performance of the group[12] - The management has assessed that the changes in accounting policies have not had a significant impact on the group, and the adjustments to profit and loss are not material[17] - The directors believe that the group will have sufficient financial resources to meet its financial obligations in the foreseeable future, with no significant uncertainties affecting the going concern assumption[22] - The company emphasizes the importance of effective governance and compliance with the Hong Kong Stock Exchange's corporate governance code as of December 31, 2023[98] - The company has adopted a set of securities trading conduct rules for directors, which are more lenient than the standard rules, and confirmed compliance as of December 31, 2023[99] - The audit committee has reviewed the accounting policies and the audited consolidated financial statements for the year ending December 31, 2023, confirming consistency with the reported figures[102] Operational Strategies and Future Outlook - The group plans to actively negotiate with banks to renew loans maturing before December 31, 2024, ensuring continued financial support[21] - The group plans to continue investing in research and development of new products and technologies to meet market demands[66] - The group aims to enhance cost control measures across all operational structures to maintain cash flow stability[73] - The management team is committed to enhancing operational efficiency and upgrading production capacity to support the development of higher-value casting products[82] - The group is focused on optimizing organizational structure and implementing cost reduction measures to improve profitability in the stainless steel trading segment[83] - The group believes that the demand for high-quality stainless steel castings will continue to grow in the medium to long term, contributing to sustained profitability[82] - The group acknowledges the ongoing economic uncertainties and challenges in demand growth affecting the manufacturing sector[66] - The group anticipates continued challenges in business operations this year, with a negative market outlook and expected slowdown in overseas markets[88] Dividends and Shareholder Returns - The company did not declare any final dividend for the year ended December 31, 2023, and no interim dividend was paid during the year[47] - The company did not recommend any final dividend for the year ending December 31, 2023, and no interim dividend was paid during the year[63] Impairments and Losses - The company recognized an impairment loss of HKD 68,718,000 on goodwill, reducing the carrying amount from HKD 533,515,000 to HKD 464,797,000 by the end of 2023[49] - The group did not recognize any impairment losses for the year as the fair value less costs to sell exceeded the carrying amount[39]

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of HKD 847.985 million, a decrease of 33.6% compared to HKD 1,277.810 million in the same period of 2022[14] - The gross profit for the same period was HKD 211.214 million, down 33.1% from HKD 315.730 million year-on-year[14] - The company incurred a loss from continuing operations of HKD 79.225 million, compared to a loss of HKD 75.020 million in the previous year, reflecting an increase in loss of 3%[14] - The total comprehensive loss for the period was HKD 100.484 million, compared to HKD 156.144 million in the same period last year, indicating a reduction in comprehensive loss of 35.8%[14] - The company reported a net loss of HKD 78.06 million for the six months ended June 30, 2023, compared to a loss of HKD 75.05 million in the same period of 2022[19] - The group reported a loss before tax from continuing operations of HKD 77,230,000 for the six months ended June 30, 2023, compared to a loss of HKD 72,858,000 for the same period in 2022[27] - The total comprehensive loss for the period was HKD 101.04 million, compared to a total comprehensive loss of HKD 157.57 million in the same period of 2022[19] - The loss attributable to the company's owners was approximately HKD 78 million, compared to a loss of HKD 75 million in the previous year, with a basic and diluted loss per share of HKD 0.0709[63] Revenue Breakdown - The revenue breakdown by region shows that Asia-Pacific contributed HKD 336 million (37%) in 2023, up from HKD 161 million (26%) in 2022[9] - The company reported a significant increase in revenue from North America and South America, which rose to HKD 88 million (10%) in 2023 from HKD 21 million (3%) in 2022[9] - The revenue from external sales in China was HKD 367,350,000, down 12.8% from HKD 421,403,000 in the previous year[32] - The group’s stainless steel casting products segment generated revenue of HKD 199,480,000, down from HKD 293,859,000 in the previous year[27] - The manufacturing and sales of dyeing and finishing machinery segment generated revenue of approximately HKD 616 million, accounting for 72% of total revenue, down 32% from HKD 907 million year-on-year[64] - The sales in the Hong Kong and China markets amounted to approximately HKD 312 million, a decrease of 6% from HKD 333 million in the previous year, while overseas sales dropped 47% to approximately HKD 304 million from HKD 574 million[64] - The stainless steel casting products segment recorded revenue of approximately HKD 200 million, representing 24% of total revenue, a decrease of 32% from HKD 294 million year-on-year[67] - For the six months ended June 30, 2023, the stainless steel trading segment recorded revenue of approximately HKD 32 million, accounting for about 4% of the group's total revenue, a decrease of 58% from HKD 77 million in the same period last year[69] Expenses and Costs - The company’s administrative and other expenses decreased to HKD 232.705 million in 2023 from HKD 267.187 million in 2022, a reduction of 12.9%[14] - Interest expenses for the six months ended June 30, 2023, increased to HKD 36,124,000 from HKD 27,161,000 in the previous year, reflecting a rise in borrowing costs[34] - The group recorded a gross loss of HKD 43,402,000 from its segments, with the manufacturing and sales of dyeing machinery segment reporting a loss of HKD 55,152,000[27] - The company has implemented strict cost control measures across its operations, including reducing non-production staff and optimizing labor teams to maintain cost efficiency[65] - Employee costs for the first half of 2023 amounted to approximately HKD 282 million, representing 33% of total revenue, compared to 29% in the same period last year[73] Assets and Liabilities - As of June 30, 2023, total assets amounted to HKD 3,638 million, a decrease of 6.5% from HKD 3,885 million as of December 31, 2022[17] - Non-current assets decreased to HKD 2,571 million from HKD 2,718 million, reflecting a decline of 5.4%[17] - Current assets decreased to HKD 1,067 million from HKD 1,247 million, a reduction of 14.5%[17] - Total liabilities decreased to HKD 2,255 million from HKD 2,475 million, a decline of 8.9%[18] - The company’s equity attributable to owners decreased to HKD 1,358 million from HKD 1,460 million, a decrease of 7%[19] - The company’s bank and other borrowings increased to HKD 1,247 million from HKD 1,198 million, an increase of 4.1%[18] - The group had bank and other borrowings of approximately HKD 1.247 billion as of June 30, 2023, with 51% denominated in RMB, 48% in HKD, and 1% in USD[75] - The group’s debt ratio increased to 78% as of June 30, 2023, compared to 58% on December 31, 2022, while the current ratio was 0.47, down from 0.50[76] Cash Flow - Cash and cash equivalents decreased to HKD 238.96 million from HKD 401.33 million, a drop of 40.5%[20] - Operating cash flow showed a net outflow of HKD 110.27 million, an improvement from a net outflow of HKD 262.95 million in the previous year[20] - The group reported a net cash outflow of approximately HKD 110 million from operating activities for the six months ended June 30, 2023[75] - The net cash used in operating activities for the first half of 2023 was (21,000) HKD, compared to no cash used in the same period of 2022[40] Strategic Initiatives - The company plans to enhance its one-stop smart dyeing and finishing solutions, indicating a focus on innovation and technology upgrades[2] - The company aims to explore market expansion opportunities and new product development as part of its strategic initiatives moving forward[2] - The company plans to continue investing in new product research and development, launching more high-quality products to meet diverse customer needs[66] - The management team is focused on prudent capacity expansion and upgrading facilities to support the development of higher-value casting products[68] - The group plans to continue monitoring market trends and controlling operational costs to enhance efficiency and focus on core business development[72] Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2023, ensuring compliance with applicable accounting standards and regulations[87] - The company maintained compliance with all provisions of the Corporate Governance Code during the six months ended June 30, 2023[86] - The board of directors includes the chairman and general manager, along with independent non-executive directors, ensuring a diverse governance structure[88]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公 告全部或任何部分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。 CHTC FONG’S INTERNATIONAL COMPANY LIMITED 中 國 恒 天 立 信 國 際 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：641） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 中國恒天立信國際有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬 公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核綜合中 期業績連同比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 千港元 千港元 持續經營業務 ...