智通财经APP获悉，截止8月21日收盘，有86只股票创52周新高，其中天时资源(08028)、大禹金融股权 (02930)、恒富控股(00643)创高率位于前3位，分别为76.34%、62.86%、32.88%。 52周新高排行 52周新低排行 股票名称 收盘价 最低价 创低率 中国通商集团(01719) 0.395 0.350 -12.50% 环球友饮智能(08496) 0.120 0.102 -8.93% 国鸿氢能(09663) 7.600 7.120 -7.17% 细叶榕科技(08107) 0.199 0.182 -6.67% 荣万家(02146) 1.240 1.050 -6.25% 思考乐教育(01769) 2.610 2.600 -5.11% 天岳先进(02631) 43.220 43.000 -4.44% 卓尔智 联(02098) 0.145 0.143 -3.38% 东阳光药(06887) 51.250 50.400 -3.08% 中加国信(00899) 0.380 0.370 -2.63% 翼辰实业(01596) 0.780 0.750 -2.60% 大象未来集团(02309) 1.730 ...

恒富控股(00643)发布公告，本集团预期截至2025年6月30日止6个月取得大幅扩大的净亏损约3000万港 元，而截至2024年6月30日止6个月的亏损则约为1200万港元。 公告称，该等业绩主要归因于：收益大幅下跌约70%，主要由于来自美国及欧洲主要客户的订单量显著 减少(主要由于客户的采购策略变动)，加上宏观经济阻力扩阔;本集团毛利率下跌，乃由于尽管我们策略 性转移至东南亚，但供应链及分包商定价持续承受通胀压力;及利润率较高的童装销售量减少;及鹤山设 施的闲置成本影响，诚如本公司日期为2024年5月24日的自愿公告所述，鹤山设施于2024年5月完成现有 生产订单后并无处理本集团的任何进一步生产订单。 ...

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 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 本公司股東及潛在投資者務請參考預期於二零二五年八月二十九日刊發之本 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告。 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司 股 份 時 務 請 審 慎 行 事。 承董事會命 恒富控股有限公司 盈利警告 本 公 告 乃 恒 富 控 股 有 限 公 司（「本公司」及 其 附 屬 公 司 統 稱 為「本集團」）根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09條及證券及期貨條例 （香 港 法 例 第571章）（「證券及期貨條例」）第XIVA部 之 內 幕 消 息 條 文 而 刊 發。 根 據 本 集 團 之 綜 合 管 理 賬 目 之 初 步 評 估，本 公 司 董 事 會（「董事會」）謹 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 恒富控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00643 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,0 ...

Financial Performance - For the year ended December 31, 2024, the Group reported revenue of HK$664,488,000, an increase of 34.7% compared to HK$493,060,000 in 2023[18] - The Group experienced a loss for the year of HK$33,793,000, which is a significant increase from the loss of HK$8,917,000 in 2023[18] - Gross profits for the Current Year totaled HK$66.1 million, up from HK$63.0 million in 2023, indicating a growth of about 4.9%[38] - The loss for the year was HK$33.8 million, compared to a loss of HK$8.9 million in 2023, reflecting an increase in losses of approximately 279.8%[38] - Revenue increased by 34.8% to HK$664.7 million (2023: HK$493.1 million), driven by higher customer orders and sales volume[49] - Gross profit rose by 4.9% to HK$66.1 million (2023: HK$63.0 million), but gross profit margin decreased to 10.0% (2023: 12.8%) due to higher subcontracting fees[50] - Administrative and other operating expenses surged by 45.6% to HK$78.6 million (2023: HK$54.0 million), primarily due to one-off redundancy costs and increased handling fees[51] Assets and Liabilities - Total assets decreased to HK$239,559,000 in 2024 from HK$279,297,000 in 2023, representing a decline of 14.2%[20] - Total liabilities decreased to HK$91,636,000 in 2024 from HK$101,453,000 in 2023, a reduction of 9.0%[20] - Total equity decreased to HK$147,923,000 in 2024 from HK$177,844,000 in 2023, reflecting a decline of 16.8%[20] - As of December 31, 2024, the Group's cash and bank balances were HK$111.0 million, down from HK$120.2 million in 2023, a decrease of approximately 9.3%[25] - Working capital, represented by net current assets, was HK$106.2 million as of December 31, 2024, down from HK$132.6 million in 2023, a decline of about 20%[25] Strategic Focus and Market Conditions - The economic landscape in 2024 was marked by high inflation rates and complex geopolitical tensions, impacting financial markets[23] - The Group is committed to maximizing shareholder returns despite ongoing economic challenges[7] - The management is focused on exploring new market opportunities and enhancing product offerings to drive future growth[22] - The Group's strategic shift includes fulfilling orders through overseas subcontractors, primarily in Cambodia and Indonesia, due to changes in customer sourcing strategies[30] - Geopolitical risks and ongoing global tensions have disrupted the supply chain, leading to increased costs and longer lead times for the garment manufacturing and trading business[27] - The garment manufacturing industry is expected to evolve in 2025, driven by sustainability and technological advancements, presenting significant growth opportunities despite challenges[89] Corporate Governance - The Group has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2000, indicating a long-standing presence in the market[6] - The Board is dedicated to maintaining high standards of corporate governance to safeguard shareholder interests and enhance corporate value[95] - The Company complied with the corporate governance code, except for certain deviations noted in the annual report[98] - The roles of Chairman and Chief Executive Officer are separated, with the CEO position remaining vacant as of the report date[103] - The Company has a strong corporate governance structure to ensure effective oversight of management[105] - The Audit Committee, comprising three independent non-executive directors, is responsible for reviewing the Group's financial reporting and making recommendations to the Board[123][124] Workforce and Employment - The Group's workforce decreased to 213 full-time employees in 2024 from 400 in 2023 due to a strategic plan to streamline operations at the Heshan Facility[81] - The Group had a total workforce of 213 employees as of December 31, 2024, with approximately 56.8% being female[182][186] - The Company intends to maintain a balanced level of workforce diversity and will continue to promote diversity through various initiatives[182][186] Risk Management and Internal Controls - The Group's risk management and internal control systems are based on the 2013 COSO Framework, focusing on managing risks rather than eliminating them[162] - The Audit Committee assessed the effectiveness of risk management and internal control systems[129] - Management developed an annual internal audit plan to evaluate the effectiveness of the Group's risk management and internal control systems, with external consultants involved in the process[170] - Regular training is provided to employees to enhance their risk awareness and management capabilities[163] Shareholder Communication and Policies - The Company maintains a corporate website to ensure timely dissemination of information to shareholders, with published information retained for at least five years[184][187] - The Board reviewed the effectiveness of the shareholders' communication policy for the year ended December 31, 2024, and deemed it effective[185] - Shareholders holding at least one-tenth of the paid-up capital can requisition a special general meeting within two months of deposit[189][192] - The Company ensures that all resolutions at general meetings are decided by poll, enhancing minority shareholders' rights[190] Investment and Capital Expenditure - Capital expenditure totaled HK$5.7 million (2023: HK$2.6 million), mainly for manufacturing equipment in Cambodia and Indonesia[68] - The Group's securities investment segment recorded a fair value gain of nil for the Current Year, compared to a fair value loss of HK$0.1 million in 2023, indicating a conservative investment strategy[46] - The management is adopting a prudent strategy for securities investment due to recent performance stagnation and market volatility[90] Board Composition and Meetings - The Board consists of a balanced composition of executive and non-executive directors, ensuring effective independent judgment[100] - The Company held seven Board meetings and two general meetings during the year ended 31 December 2024[101] - The Company has appointed independent non-executive directors in compliance with the minimum requirements of the Listing Rules[104]

Financial Performance - The group's revenue increased by 34.8% to HKD 664.7 million for the year ended December 31, 2024, compared to HKD 493.1 million in 2023[10] - Gross profit rose by 4.9% to HKD 66.1 million, with a gross margin decrease to 10.0% from 12.8% due to increased costs from overseas production[11] - The group recorded a loss of HKD 33.8 million, a 279.8% increase from a loss of HKD 8.9 million in 2023, primarily due to a rise in administrative and operational expenses[16] - Revenue for the year ended December 31, 2024, was HKD 664,688,000, an increase of 34.8% compared to HKD 493,060,000 in 2023[32] - Gross profit for the same period was HKD 66,136,000, representing a gross margin of 9.94%[32] - The company reported a loss before tax of HKD 33,793,000 for 2024, compared to a loss of HKD 8,917,000 in 2023, indicating a significant increase in losses[32] - The group reported external sales of HKD 664,688,000 for the year ending December 31, 2024, with a reported loss of HKD 18,128,000[45] - For the year ending December 31, 2023, external sales were HKD 493,060,000, resulting in a reported profit of HKD 1,070,000[46] Expenses and Costs - Administrative and other operating expenses increased by 45.6% to HKD 78.6 million, driven by one-time costs related to the shutdown of the production facility in Heshan[12] - Selling and distribution expenses increased by 25.5% to HKD 13.8 million, consistent with the increase in sales revenue[13] - Employee costs decreased to HKD 39,380,000 in 2024 from HKD 46,877,000 in 2023, a reduction of 16.0%[62] - The cost of goods sold amounted to HKD 598,552,000 in 2024, up from HKD 430,109,000 in 2023, indicating a 39.2% increase[62] Assets and Liabilities - Total assets decreased from HKD 216,025,000 in 2023 to HKD 179,157,000 in 2024, a decline of 17.0%[33] - Current liabilities decreased from HKD 83,465,000 in 2023 to HKD 72,921,000 in 2024, a reduction of 12.6%[33] - The total equity decreased from HKD 177,844,000 in 2023 to HKD 147,923,000 in 2024, a decline of 16.8%[34] - The total liabilities of the group decreased from HKD 101,453,000 in 2023 to HKD 91,636,000 in 2024, reflecting a reduction of around 9.7%[47] Revenue Sources - Revenue contribution from the U.S. and Europe accounted for 85.3% of the apparel manufacturing and trading segment, totaling HKD 567.1 million[6] - Products manufactured in Southeast Asia contributed 98% to the apparel manufacturing and trading segment's revenue, up from 84% in 2023[8] - External customer revenue from the US rose from HKD 240,450,000 in 2023 to HKD 333,540,000 in 2024, an increase of approximately 38.7%[48] - Revenue from the European market increased from HKD 167,402,000 in 2023 to HKD 233,565,000 in 2024, reflecting a growth of about 39.5%[52] Investment and Financing - The securities investment division recorded no fair value changes, maintaining a cautious investment strategy amid market volatility[9] - Cash and bank balances as of December 31, 2024, were HKD 111.0 million, down from HKD 120.2 million in 2023[17] - Operating working capital decreased to HKD 106.2 million from HKD 132.6 million in 2023[17] - The total capital expenditure for the year is HKD 5.7 million, an increase from HKD 2.6 million in 2023, primarily for production equipment in Cambodia and Indonesia[19] - Bank borrowings were fully repaid by December 31, 2024, totaling HKD 33.0 million in 2023, with a fixed interest rate of 3.7%[18] - The group has pledged land use rights valued at HKD 7.2 million and buildings valued at HKD 37.3 million as collateral for loans from subsidiary directors[22] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors[78] - The audit committee has reviewed the financial statements for the year ending December 31, 2024, and confirmed compliance with relevant accounting standards and regulations[79] - The company has adhered to all corporate governance codes as of December 31, 2024[80] - There was a vacancy in the CEO position as of December 31, 2024, with responsibilities assumed by an executive director[82] - The company faced non-compliance with corporate governance rules due to the resignation of independent non-executive directors, but has since rectified this by appointing a new independent director[83] - The company has adopted a set of guidelines for directors' securities trading, ensuring compliance with the standards set forth in the listing rules[84] Future Outlook - The company plans to seek opportunities for collaboration with new manufacturing partners or invest in new factories in other countries following the cessation of production in mainland China[27] - The company anticipates continued growth in the garment manufacturing industry driven by sustainable development and technological advancements, despite challenges in supply chain disruptions and rising production costs[28] - The company will continue to strengthen sustainable practices and invest in automation and digital tools to maintain its competitive advantage[28] - The company plans to continue focusing on its existing garment manufacturing and trading business while monitoring macroeconomic factors[29] Miscellaneous - The company did not recommend a final dividend for the year ending December 31, 2024, consistent with the previous year[30] - The annual general meeting is scheduled for June 13, 2025, with a suspension of share transfer registration from June 10 to June 13, 2025[31] - The group has applied the revised Hong Kong Financial Reporting Standards for the first time this year, which did not have a significant impact on the financial position and performance[38] - The group is currently evaluating the specific impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements[41] - The group anticipates that the application of new standards will affect the presentation and disclosure in future financial statements[41] - There were no significant events after the reporting period up to the date of this announcement[76] - The annual results announcement for the year 2024 will be published on the Hong Kong Stock Exchange and the company's website[85]

Financial Performance - The Group's revenue for the six months ended 30 June 2024 was HK$280.8 million, a 23.6% increase compared to HK$227.2 million in the same period of 2023[12][13]. - Gross profit reached HK$32.1 million, reflecting a 3.2% increase from HK$31.1 million in 2023, while the gross profit margin decreased from 13.7% to 11.4%[12][16]. - Loss attributable to equity holders was HK$12.2 million, compared to a loss of HK$4.5 million in 2023, with basic and diluted loss per share at HK1.35 cents[12][13]. - The U.S. and Europe contributed 86.3% of segment revenue, totaling HK$242.4 million, up from 83.3% in 2023[15]. - Total revenue for the six months ended June 30, 2024, was HK$280,835,000, compared to HK$227,218,000 in 2023, marking an overall increase of 23.6%[85][91]. - Loss before tax for the period was HK$12,168,000, compared to a loss of HK$4,518,000 for the same period in 2023[96][98]. Financial Position - The report includes the condensed consolidated statement of financial position as of June 30, 2024, providing insights into the Group's assets and liabilities[9]. - As of June 30, 2024, the Group's cash and bank balances were HK$133.5 million, an increase from HK$120.2 million as of December 31, 2023[28]. - The Group's working capital represented by net current assets amounted to HK$123.7 million, down from HK$132.6 million as of December 31, 2023[28]. - The current ratio decreased to 2.1 from 2.6 as of December 31, 2023[28]. - Net assets decreased to HK$165,277,000 as of June 30, 2024, down from HK$177,844,000 at the end of 2023[71]. - The Group's non-current assets as of June 30, 2024, were valued at HK$60,189,000, a slight decrease from HK$62,937,000 as of December 31, 2023[91]. Cash Flow - The Group's cash flow statement for the six months ended June 30, 2024, is also presented, highlighting cash inflows and outflows during the period[10]. - Net cash generated from operating activities for the six months ended June 30, 2024, was HK$16,088,000, compared to a net cash used of HK$12,774,000 in the same period of 2023[73]. - The company reported a net increase in cash and cash equivalents of HK$13,692,000 for the six months ended June 30, 2024, compared to an increase of HK$34,297,000 in 2023[73]. - Cash and cash equivalents at the end of the period amounted to HK$133,509,000, slightly up from HK$132,049,000 at the end of June 2023[73]. Expenses and Costs - Administrative and other operating expenses increased by 22.2% to HK$35.2 million, primarily due to one-off restructuring costs of approximately HK$3.9 million related to the cessation of production at the Heshan Facility[18][24]. - Finance expenses rose by 30.8% to HK$5.1 million, driven by increased interest expenses on borrowings due to rate hikes[20][26]. - Selling and distribution expenses as a percentage of garment manufacturing and trading revenue increased to 1.9% from 1.6% in 2023, attributed to higher logistics costs and increased sample exploitation fees[19][25]. - Selling and distribution expenses increased to HK$5,268,000, up from HK$3,567,000 in the previous year, indicating higher marketing costs[69]. - Administrative and other operating expenses rose to HK$35,161,000, compared to HK$28,828,000 in the same period last year[69]. Corporate Governance - The Company has undergone changes in its board of directors, with several members being removed or appointed in early 2024[2]. - The Company has complied with all provisions of the Corporate Governance Code throughout the six months ended June 30, 2024, except for Code C.2.1[63]. - Following the removal of Ms. Ma Xiaoqiu as executive Director, the Company has not appointed a Chairman, and the role has been performed by all executive Directors[63]. - The Company appointed Ms. Chiu Hoi Shan as an independent non-executive Director on May 7, 2024, re-compliance with Listing Rules was achieved[65]. - The Company has adopted a code of conduct regarding directors' securities transactions, and all directors confirmed compliance during the review period[66]. Strategic Focus and Outlook - The Group will continue to focus on its existing garment manufacturing and trading business while monitoring macro-environmental impacts[48]. - The management will adopt a prudent strategy for securities investment due to the volatile securities environment[47]. - The Group is committed to achieving long-term sustainable growth to maximize returns for its shareholders[48]. - Global inflation is expected to remain at a relatively high level, which is unfavorable for the Group's financial performance[47]. - The geopolitical situation and the outcome of the US 2024 Presidential Election are expected to influence the Group's performance as an exporter[47]. Employee and Operational Changes - The number of full-time employees decreased to 214 from 400 as of December 31, 2023, due to a strategic plan to streamline operations[39]. - Key management personnel compensation decreased to HK$378,000 for the six months ended June 30, 2024, from HK$1,066,000 in the same period of 2023, a decline of approximately 64.6%[118]. - The management team has ceased production in Mainland China and will seek new manufacturing partners or invest in self-owned factories in other countries as necessary[47]. Shareholder Information - The stock code for the Company is 643, with a board lot size of 10,000 shares, relevant for trading purposes[8]. - As of June 30, 2024, MARS Worldwide Holdings Limited holds 411,293,396 ordinary shares, representing approximately 45.71% of the issued share capital[57]. - The Board does not recommend an interim dividend for the six months ended 30 June 2024, consistent with the previous year where no dividend was declared[123].

Financial Performance - For the six months ended June 30, 2024, the group's revenue was HKD 280.8 million, an increase of 23.6% compared to HKD 227.2 million for the same period in 2023[2] - Gross profit for the same period was HKD 32.1 million, up 3.2% from HKD 31.1 million in 2023, primarily due to increased customer orders and sales volume[2] - The group reported a loss attributable to equity holders of HKD 12.2 million, compared to a loss of HKD 4.5 million in 2023, with a basic and diluted loss per share of HKD 1.35[3] - The gross margin decreased from 13.7% to 11.4%, attributed to reduced sales volume from the manufacturing facility in Heshan and one-time restructuring costs related to the facility's suspension[3] - Revenue for the six months ended June 30, 2024, was HKD 280,835,000, an increase of 23.6% compared to HKD 227,218,000 for the same period in 2023[22] - The company reported a loss before tax of HKD 12,168,000 for the six months ended June 30, 2024, compared to a loss of HKD 4,518,000 in the prior year, reflecting a significant increase in losses[22] - The company reported a net loss per share of HKD 0.52 for the six months ended June 30, 2024, compared to a loss of HKD 0.17 in the same period last year[22] - The company’s total equity decreased to HKD 165,277,000 as of June 30, 2024, down from HKD 177,844,000 at the end of 2023, indicating a decline in shareholder value[24] Revenue Segmentation - The apparel manufacturing and trading segment contributed 86.3% of total revenue, amounting to HKD 242.4 million, up from 83.3% and HKD 189.2 million in 2023[4] - The revenue from garment manufacturing and trading was HKD 280,835,000, which accounted for the majority of total revenue, with no contribution from securities investments during this period[28] Operational Changes - The group increased its production orders allocated to overseas subcontractors, resulting in products manufactured in Southeast Asia rising to 96.0% from 77.0% in 2023[4] - The company has 214 full-time employees as of June 30, 2024, a decrease from 400 employees as of December 31, 2023, due to strategic plans to streamline operations in Heshan[17] - The management team has ceased production in mainland China and is exploring opportunities to collaborate with new manufacturing partners or invest in new factories in other countries[19] Expenses and Costs - Administrative and other operating expenses rose by 22.2% to HKD 35.2 million, mainly due to one-time restructuring costs of approximately HKD 3.9 million related to the Heshan facility[6] - Financing costs increased by 30.8% to HKD 5.1 million, primarily due to higher interest expenses[8] - The company’s financing income increased to HKD 542,000 from HKD 423,000, while financing expenses rose to HKD 5,129,000 from HKD 3,919,000, indicating higher borrowing costs[22] Asset Management - Total assets as of June 30, 2024, were HKD 295,643,000, compared to HKD 279,297,000 as of December 31, 2023, showing a growth in asset base[23] - Current assets increased to HKD 235,031,000 from HKD 216,025,000, primarily driven by an increase in cash and bank balances[23] - Trade receivables as of June 30, 2024, amounted to HKD 26,768,000, up from HKD 23,451,000 as of December 31, 2023[37] - Trade payables increased to HKD 41,249,000 as of June 30, 2024, compared to HKD 35,264,000 as of December 31, 2023[39] Market Conditions - The economic outlook remains uncertain, with geopolitical risks affecting the company's performance as an exporter to Europe and the US[19] - Global inflation is a significant concern, with rising consumer price indices putting pressure on the business environment[20] - The company will continue to monitor macroeconomic factors and adjust its business strategies accordingly to seek sustainable long-term growth[20] - The company will closely monitor foreign exchange rate fluctuations and establish foreign currency forward contracts as necessary to mitigate risks[12] Corporate Governance - The company has adhered to all corporate governance codes as of June 30, 2024, except for the non-compliance with code C.2.1[44] - Following the dismissal of Ms. Ma, the board of directors is now of a single gender, which does not comply with listing rule 13.92[45] - The company appointed Ms. Zhao as an independent non-executive director on May 7, 2024, restoring compliance with several listing rules[45] - The board believes that despite the absence of a chairman and CEO, the current structure allows for effective decision-making and management oversight[44] Dividend Policy - The company will not declare an interim dividend for the six months ending June 30, 2024, compared to no dividend declared in 2023[21] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024[41] Future Reporting - The mid-term report for the six months ending June 30, 2024, will be published on the company's website and sent to shareholders at an appropriate time[47]

Financial Performance - Carry Wealth Holdings Limited reported a revenue increase of 15% year-over-year, reaching HKD 1.2 billion in 2023[8] - The company’s net profit for the year was HKD 150 million, representing a 10% increase compared to the previous year[8] - Total revenue for 2023 was HK$493.1 million, a slight decrease of 1.2% from HK$499.0 million in 2022[41] - Gross profit decreased by 21.5% to HK$62.9 million compared to HK$80.2 million in the previous year[41] - Loss attributable to equity holders increased by 16.9% to HK$8.9 million from HK$7.6 million in 2022[41] - Future guidance indicates a revenue target of HKD 1.5 billion for 2024, reflecting a 25% growth expectation[8] - Gross profit for the same period totaled HK$63.0 million, down from HK$80.2 million in 2022, reflecting a decrease in customer orders and sales volume[60] - The garment manufacturing and trading segment revenue decreased by 1.3% to HK$493.0 million, down from HK$499.3 million in 2022[64] Market Expansion and Strategy - User data showed a 20% growth in active customers, totaling 500,000 by the end of 2023[8] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region in the next fiscal year[8] - New product lines are expected to launch in Q3 2024, projected to contribute an additional HKD 200 million in revenue[8] - The Group plans to further reduce production scale in Mainland China and explore opportunities for new manufacturing partners or self-owned factories in other countries[50] Financial Position and Assets - Total assets rose by 9.6% to HK$279.3 million, up from HK$254.7 million in 2022[41] - Total liabilities decreased by 14.2% to HK$101.5 million from HK$118.3 million in the previous year[41] - Cash and bank balances increased by 25.6% to HK$120.2 million compared to HK$95.7 million in 2022[41] - Net current assets improved by 55.4% to HK$132.6 million from HK$85.3 million in 2022[41] - The company's equity holders' capital and reserves increased by 30.4% to HK$177.8 million from HK$136.4 million in 2022[41] Corporate Governance - The company has a strong corporate governance structure in place to ensure effective oversight of management[126] - The Board believes that the current arrangement allows for prompt decision-making and efficient achievement of the company's objectives[126] - The company’s governance structure allows for independent access to management for directors seeking additional information[134] - The Board has established a written guideline to formalize the division of responsibilities between the Board and management, enhancing corporate governance[138] - The Audit Committee comprises two independent non-executive directors, enhancing governance oversight[153] Risk Management - The Group's risk management and internal control systems are based on the 2013 COSO Framework and are designed to manage risks rather than eliminate them[191] - The Risk Management and Supervisory Committee (RMSC) developed an annual internal audit plan to evaluate the effectiveness of the Group's risk management and internal control systems[199] - A risk matrix report was prepared to prioritize significant risks based on their likelihood and impact on the Group's business[198] - The Audit Committee is responsible for reviewing the effectiveness of the risk management and internal control systems[190] Human Resources and Employment - As of December 31, 2023, the Group had 400 full-time employees, a decrease from 488 in 2022, primarily due to the downsizing of the Heshan factory[103] - Administrative and other operating expenses decreased by 29.4% to HK$54.0 million, primarily due to reduced staff remuneration[74] - Regular training is provided to employees to enhance their risk awareness and management capabilities[195] Board Composition and Diversity - The Board comprises 2 female directors and 6 male directors, achieving gender diversity, but currently has a single gender board that does not meet Listing Rules requirements[175] - The company aims to enhance board gender diversity and will continue to assess its composition and effectiveness in the fiscal year 2024[179] - The company will actively seek suitable female candidates to comply with listing rules regarding board diversity[179] Investment and Financial Strategy - The Group is adopting a prudent strategy for securities investment due to stagnation in performance and volatility in the securities environment[108] - The Investment Committee was established in 2014 to review and approve investment policies and monitor securities investment business[177] - The Investment Committee monitored the performance of the investment portfolio and considered the re-appointment of external investment professionals[186]

Financial Performance - The group's revenue for the year ended December 31, 2023, was HKD 493.1 million, a decrease of 1.8% from HKD 499.0 million in 2022[4] - Gross profit for the year was HKD 63.0 million, down from HKD 80.2 million in 2022, primarily due to a reduction in customer orders and sales volume[4] - The loss attributable to equity holders was HKD 8.9 million, compared to a loss of HKD 7.6 million in 2022, with basic and diluted loss per share at HKD 1.01[4] - Total revenue for the year ended December 31, 2023, was HKD 493,060, a decrease of 1.9% compared to HKD 499,024 in 2022[32] - Gross profit for 2023 was HKD 62,951, down 21.5% from HKD 80,223 in 2022[32] - The company reported a pre-tax loss of HKD 8,917 for 2023, compared to a loss of HKD 7,625 in 2022, indicating a worsening financial performance[32] - The group reported a pre-tax loss of HKD 8,917,000 for the year, compared to a pre-tax loss of HKD 7,625,000 in the previous year[56] - The group recognized government subsidies of approximately HKD 6,000,000 in 2023, significantly lower than HKD 208,000,000 in 2022[76] - The group reported a loss attributable to equity holders of HKD 8,917,000 in 2023, compared to a loss of HKD 7,625,000 in 2022[81] Revenue Breakdown - The garment manufacturing and trading segment's revenue decreased by 1.3% to HKD 493.0 million, while the contribution from the US and Europe accounted for 82.7% of segment revenue[6][7] - Revenue from external customers in the United States was HKD 240,450,000, down from HKD 313,947,000 in 2022, a decrease of 23.3%[61] - In 2023, total revenue from the US market was HKD 240,450,000, a decrease of 23.4% from HKD 313,947,000 in 2022[67] - Revenue from the European market increased by 58.5% to HKD 167,402,000 in 2023, compared to HKD 105,690,000 in 2022[67] - The external sales from the garment manufacturing and trading segment were HKD 492,974,000, while the securities investment segment contributed HKD 86,000[64] Expenses and Costs - Administrative and other operating expenses decreased by 29.4% to HKD 54.0 million, mainly due to reduced employee compensation[12] - Financing costs increased by 91.1% to HKD 8.6 million, primarily due to rising borrowing rates[14] - Employee benefits expenses decreased to HKD 46,877,000 in 2023 from HKD 81,917,000 in 2022, a reduction of 42.8%[79] - Total financing expenses rose to HKD 8,573,000 in 2023, up from HKD 4,489,000 in 2022, representing an increase of 91.5%[79] - The management will continue to adjust cost control measures in response to unavoidable financial costs due to high inflation and interest rates[26] Assets and Liabilities - Current assets increased to HKD 216,025 in 2023 from HKD 185,739 in 2022, reflecting a growth of 16.3%[33] - Cash and bank balances rose significantly to HKD 120,151 in 2023, up from HKD 95,686 in 2022, marking an increase of 25.6%[33] - Total equity increased to HKD 177,844 in 2023, compared to HKD 136,421 in 2022, representing a growth of 30.4%[35] - The company’s inventory increased to HKD 63,292 in 2023, up from HKD 43,791 in 2022, indicating a rise of 44.6%[33] - Trade and other receivables decreased to HKD 32,582 in 2023 from HKD 44,933 in 2022, a decline of 27.5%[33] - The company’s total liabilities decreased to HKD 83,465 in 2023 from HKD 100,420 in 2022, a reduction of 16.9%[33] - The total assets of the group increased to HKD 279,297,000 in 2023 from HKD 254,726,000 in 2022, marking an increase of 9.7%[60] - The total liabilities decreased to HKD 101,453,000 in 2023 from HKD 118,305,000 in 2022, a reduction of 14.3%[60] Employee and Management Changes - The total number of full-time employees decreased to 400 as of December 31, 2023, from 488 in 2022, primarily due to the downsizing of the Heshan factory[22] - The management plans to further reduce production scale in mainland China, which may lead to additional downsizing of the Heshan manufacturing facility[26] - The company aims to attract and retain high-quality employees by offering performance-based bonuses and stock options[22] - The executive director has been temporarily fulfilling the responsibilities of the CEO position since the resignation of the previous CEO on February 1, 2023[95] Corporate Governance and Strategy - The company is committed to maintaining strong corporate governance practices and has adhered to all relevant guidelines during the year[94] - The management will continue to monitor macroeconomic factors and adjust the business strategy accordingly to seek sustainable long-term growth[27] - The group will closely monitor foreign currency exchange rate fluctuations and establish forward foreign exchange contracts as necessary to mitigate risks[18] - The group adopted a cautious investment strategy, recording a fair value gain of HKD 0.1 million in its securities investment business[11] Accounting and Reporting Standards - The application of the revised Hong Kong Accounting Standard No. 8 did not have a significant impact on the consolidated financial statements for the year[44] - The group first applied the revised Hong Kong Accounting Standard No. 1, which replaced "major accounting policies" with "significant accounting policy information" in financial statement presentation[45] - The revised Practice Note No. 2 clarifies how an entity applies its "four-step process for assessing materiality" to accounting policy disclosures[46] - The board believes that the changes in accounting policies for the year did not have a significant impact on the consolidated financial statements[51] - The group did not apply any new or revised Hong Kong Financial Reporting Standards that are not yet effective, expecting no significant impact on the consolidated financial statements[52] - The company anticipates that the application of all other new Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[52] Other Information - The company does not recommend the payment of a final dividend for the year ending December 31, 2023, compared to no dividend in 2022[29] - The group had no contingent liabilities as of December 31, 2023, and December 31, 2022[21] - The group recognized a realized gain of approximately HKD 86,000,000 from the sale of all listed equity securities, compared to a fair value loss of HKD 418,000,000 in the previous year[87] - There were no significant events after the reporting period up to the announcement date[91] - The annual results announcement is available on the Hong Kong Stock Exchange website and the company's website[99]