承董事會命 堅寶國際控股有限公司 堅寶國際控股有限公司 主席 賴培和 香港，二零二五年八月十二日 堅寶國際控股有限公司* ( 於百慕達註冊成立之有限公司 ) (股份代號： 675) 董事會召開日期 堅寶國際控股有限公司(「本公司」及其附屬公司「本集團」) 董事會(「董事會」) 兹通告 謹定於二零二五年八月二十二日(星期五) 舉行董事會會議，以考慮及通過本集團截至二零 二五年六月三十日止的六個月中期業績，及派發中期股息 (如有)，以及處理其他事項。 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。 K & P International Holdings Limited 於本公告日期，董事會成員包括執行董事賴培和先生及陳友華先生；及獨立非執行董事 麥貴榮先生、李沅鈞先生及龐雪卿女士。 * 僅供識別 ...

呈交日期: 2025年8月1日 I. 法定/註冊股本變動 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: 堅寶國際控股有限公司 (於百慕達註冊成立之有限公司) FF301 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 本月底法定/註冊股本總額： HKD 90,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 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) | 00675 | 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 | | | 267,004,800 | | 0 | | 267,004,800 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | ...

Financial Performance - The Group's revenue for the year ended December 31, 2024, was approximately HK$176.4 million, representing a decrease of 5.0% from the previous year[24] - Overall gross profit amounted to approximately HK$36.3 million, an increase of 41.6% from the previous year[24] - Loss attributable to owners of the Company was approximately HK$9.1 million, compared to HK$26.1 million in 2023[24] - Basic loss per share for the year ended December 31, 2024, was HK3.39 cents, down from HK9.77 cents in 2023[24] - The precision parts and components segment's turnover decreased by 5.0% to approximately HK$176.4 million compared to 2023[26] - Excluding one-off losses from forward currency contracts, the precision parts segment recorded a profit of approximately HK$3.7 million[26] - The Group incurred a loss of approximately HK$10.6 million in forward currency contracts in 2024, down from HK$16.7 million in 2023[25] - The overall gross profit margin of the Group increased by 6.8 percentage points to 20.6% in 2024 compared to 2023[31] - The Group's gross profit increased by HK$10.7 million to approximately HK$36.3 million in 2024[48] - Loss before finance costs decreased by HK$17.6 million to approximately HK$8.4 million in 2024[48] Market Conditions - The European market faced low economic growth rates, impacting the Group's major customers[25] - The Group's financial performance was affected by rising geopolitical tensions and ongoing tariff wars, leading to economic uncertainty[25] - The Group benefited from an increase in customer order intake and clearance of excess inventory, improving production facility utilization[25] Financial Position - The Group's total borrowings amounted to approximately HK$3.0 million as of December 31, 2024[41] - The aggregate balance of bank balances and cash was approximately HK$67.2 million at the end of the reporting period[42] - The Group's financial position remains healthy, with a negative gearing ratio indicating a "net cash" position[49] - Finance costs decreased by 35.9% to approximately HK$0.3 million due to a decline in financing activities[31] Corporate Governance - The company has complied with all provisions of the Corporate Governance Code, except for the separation of the roles of Chairman and Chief Executive Officer, which are held by the same individual[65] - The Board includes a balanced composition of Executive Directors and Independent Non-executive Directors, ensuring strong independent judgment[67] - The company has established Board committees to delegate various responsibilities, enhancing governance and oversight[74] - The Board formulates overall strategy, monitors financial performance, and aligns goals with market conditions to maximize long-term shareholder value[76] - The Company has not established a corporate governance committee, with the Board responsible for corporate governance duties[83] Board and Committee Activities - The Company held five regular board meetings and one annual general meeting during the year ended December 31, 2024, with all directors attending at least 80% of the meetings[81] - The Remuneration Committee currently comprises 3 members, all of whom are independent non-executive directors[115] - During the year, the Remuneration Committee held two meetings, with all members attending 100% of the meetings[116][118] - The Audit Committee held three meetings during the year, with members required to meet at least twice a year with the Company's auditors[175] - The Nomination Committee consists of 1 executive director and 3 independent non-executive directors, with a total of 2 meetings held during the year[131] Diversity and Inclusion - The Company is committed to improving Board diversity and achieved its diversity objectives in 2024[144] - The Board Diversity Policy aims for at least one female member and at least 33% of the Board to be non-executive or independent non-executive directors[146] - The gender ratio in the overall workforce is 64.90% female (453) and 35.10% male (245) as of the date of the report[148] - The Board consists of 20% female (1) and 80% male (4) members, while senior management is 0% female (0) and 100% male (2)[148] Risk Management and Internal Controls - The Board conducted a review of the effectiveness and adequacy of the Group's risk management and internal control systems, which were deemed effective and adequate[189] - The internal audit team reports directly to the Audit Committee and the Board, conducting reviews on material controls and compliance with policies[195] - The Group's risk management processes include identifying risks, assessing their impact, and implementing strategies to mitigate them[193] - The Group's internal control systems are designed to protect assets, ensure compliance with laws, and provide reliable financial information[189] Remuneration Policies - The Company's remuneration policy ensures that compensation is based on skill, knowledge, responsibilities, and involvement in the Company's affairs[125] - The remuneration packages for Executive Directors include basic salary, pensions, and discretionary bonuses, reflecting the Company's performance and profitability[125] - The remuneration for Independent Non-executive Directors mainly consists of a Director's fee, determined by their duties and responsibilities[125]

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 176,428,588, a decrease of 5.3% compared to HKD 185,786,572 in 2023[3] - Gross profit increased to HKD 36,312,660, up 41.6% from HKD 25,648,701 in the previous year[3] - The company reported a loss attributable to owners of HKD 9,056,074, significantly improved from a loss of HKD 26,097,860 in 2023[3] - Basic and diluted loss per share improved to HKD 0.0339 from HKD 0.0977 in the prior year[3] - Total comprehensive loss for the year was HKD 17,305,628, compared to HKD 29,131,569 in 2023, reflecting a reduction in overall losses[4] - The company incurred a total loss of HKD 26,567,262 before tax for the year ended December 31, 2023, compared to a loss of HKD 8,752,120 in the previous year, reflecting a worsening financial performance[26][24] - The company reported a pre-tax loss of HKD 8,752,120 for 2024, an improvement from a loss of HKD 26,567,262 in 2023[38] - The loss attributable to the company's owners was approximately HKD 9,100,000, compared to HKD 26,100,000 in 2023[47] Assets and Equity - Non-current assets decreased to HKD 178,619,763 from HKD 194,624,493, indicating a decline of 8.2%[6] - Current assets also decreased to HKD 151,522,682 from HKD 189,043,712, a decline of 20%[6] - Total equity decreased to HKD 255,753,778 from HKD 299,759,886, reflecting a decline of 14.7%[6] - Total non-current assets decreased to HKD 176,370,789 in 2024 from HKD 192,445,519 in 2023, reflecting a decline of 8.4%[30] - As of December 31, 2024, the company has issued 267,004,800 ordinary shares, with total equity amounting to approximately HKD 255,800,000[64] Revenue Sources - The company reported external customer sales of HKD 185,786,572 for the year ended December 31, 2023, compared to HKD 176,428,588 for the previous year, representing a growth of approximately 5.7%[24][26] - Revenue from Mainland China increased to HKD 16,008,480 in 2024, up 12.7% from HKD 14,205,598 in 2023[29] - Revenue from North America rose to HKD 32,007,629, an increase of 8.2% compared to HKD 29,558,019 in 2023[29] - The company's total revenue from the precision components segment accounted for a significant portion of its overall revenue, highlighting its importance to the business[22] Expenses and Costs - Financing costs decreased to HKD 333,870 in 2024, down 35.8% from HKD 520,757 in 2023[35] - The company recorded a loss of approximately HKD 10,600,000 from forward currency contracts, an improvement from HKD 16,700,000 in 2023[52] - The company’s depreciation expense for property, plant, and equipment (excluding right-of-use assets) was HKD 8,832,577 for the year ended December 31, 2023[26] - Financing costs decreased by 35.9% to approximately HKD 300,000 due to reduced financing activities[53] Dividends - Proposed final dividend for 2024 is HKD 0.04 per share, down from HKD 0.08 per share in 2023, totaling HKD 10,680,192 compared to HKD 21,360,384 in 2023[40] - The company proposed a final dividend of HKD 0.04 per ordinary share, down from HKD 0.08 in 2023[49] Corporate Governance and Compliance - The company has adhered to the corporate governance code, with the roles of Chairman and CEO not being separated, which the board believes does not affect the balance of power[69] - The consolidated financial statements for the year ending December 31, 2024, have been reviewed by the audit committee and approved by the board[71] Future Outlook - The company is confident in improving profitability in 2025 despite challenges in global markets[54] Employee and Operational Information - The total number of employees as of December 31, 2024, is approximately 698, with 667 based in mainland China[66] - The group had no fundraising activities in 2024, aside from obtaining general standby credit to meet trading needs[65] - The company did not purchase, redeem, or sell any of its listed securities during the year[67] Other Financial Information - The company recognized contract liabilities of HKD 1,814,767 at the beginning of the year, down from HKD 3,134,372 in 2023[33] - The company reported a net exchange gain of HKD 962,716 for the year ended December 31, 2023, compared to a loss in the previous year[26] - Total income, including other income and gains, was HKD 180,524,120 in 2024, down 5.4% from HKD 190,812,882 in 2023[33]

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 89,330,897, a decrease of 6.9% compared to HKD 95,261,132 for the same period in 2023[2] - Gross profit increased to HKD 15,852,367, representing a gross margin of 17.7%, compared to HKD 9,376,788 and a gross margin of 9.8% in the previous year[2] - The company reported a net loss attributable to the owners of the company for the period was HKD 10,808,989, significantly improved from a loss of HKD 24,143,853 in the same period last year[2] - The group reported a pre-tax loss of HKD 10,808,989 for the six months ended June 30, 2024, compared to a loss of HKD 24,143,853 for the same period in 2023[23] - The overall gross profit increased by 69.1% to approximately HKD 15.9 million, resulting in a gross margin of 17.7%, up 7.9 percentage points year-on-year[34] - Basic loss per share for the six months ended June 30, 2024, was HKD 0.0405, improved from HKD 0.0904 for the same period last year[33] Comprehensive Loss and Financial Position - The company reported a comprehensive loss of HKD 14,277,993, compared to HKD 32,076,823 in the previous year, indicating a reduction in overall losses[3] - Total assets as of June 30, 2024, were HKD 361,082,529, down from HKD 382,384,359 as of December 31, 2023[4] - Non-current assets as of June 30, 2024, totaled HKD 185,582,090, a decrease from HKD 192,445,519 as of December 31, 2023[15] - The total accounts receivable as of June 30, 2024, was HKD 33,886,349, a decrease from HKD 35,895,370 as of December 31, 2023[26] - The total accounts payable as of June 30, 2024, was HKD 9,520,178, a slight decrease from HKD 9,989,918 as of December 31, 2023[28] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were HKD 42,084,656, down from HKD 48,259,519 at the end of the previous period[7] - The company experienced a net cash outflow from operating activities of HKD 7,696,067, compared to an inflow of HKD 20,733,745 in the same period last year[7] - The group reported cash and cash equivalents of HKD 92,929,875 as of June 30, 2024, compared to HKD 100,355,497 as of December 31, 2023[27] - As of June 30, 2024, the total borrowings from banks and other financial institutions amounted to approximately HKD 7 million, while cash and cash equivalents totaled approximately HKD 92.9 million[36] - The group maintained a net cash position, with a debt ratio indicating that cash and cash equivalents exceeded total debt[36] Operational Efficiency and Strategic Initiatives - The company aims to improve operational efficiency and reduce losses in the upcoming quarters through strategic initiatives[1] - Employee expenses for the current period amounted to HKD 29,533,335, while depreciation expenses were HKD 4,205,095, compared to HKD 30,507,301 and HKD 4,524,078 respectively for the same period last year[18] - Sales and distribution costs decreased by 4.4% to approximately HKD 8.2 million, while administrative and other expenses also decreased by 4.4% to approximately HKD 11.1 million[34] Customer and Market Insights - Major customers contributed over 10% of revenue, with Customer A generating HKD 22,686,563 and Customer B generating HKD 10,075,027 in the first half of 2024[13] - Revenue from the Hong Kong market was HKD 2,266,897 for the first half of 2024, down from HKD 3,409,168 in the same period of 2023[14] Currency and Financial Risks - The group recorded a net loss from forward currency contracts of HKD 10,635,692 due to the depreciation of the RMB against the USD for the six months ended June 30, 2024[25] - The group reported a net foreign exchange gain of HKD 504,731 for the first half of 2024, compared to a gain of HKD 487,493 in the same period of 2023[16] Governance and Compliance - The company has established an audit committee to review and supervise the financial reporting process and internal controls[48] - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO[46] Future Outlook - The outlook for the second half of 2024 anticipates potential interest rate cuts starting in September, which may boost consumer sentiment and corporate investments[35]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 89,330,897, an increase from HKD 73,478,530 in the same period last year, representing a growth of approximately 21.5%[2] - Gross profit for the same period was HKD 15,852,367, compared to HKD 9,376,788 in the previous year, indicating a significant increase of approximately 68.5%[2] - The net loss attributable to the company's owners for the six months ended June 30, 2024, was HKD 10,808,989, an improvement from a loss of HKD 24,143,853 in the same period last year, reflecting a reduction of approximately 55.2%[2] - The total comprehensive loss attributable to the company's owners for the period was HKD 14,277,993, down from HKD 32,076,823 in the previous year, marking a decrease of approximately 55.5%[3] - The company reported a loss before tax of HKD 12,012,699 for the six months ended June 30, 2024, compared to a loss of HKD 26,615,011 for the same period in 2023, indicating an improvement in financial performance[14] - The company recorded a net foreign exchange gain of HKD 504,731 for the six months ended June 30, 2024, compared to a gain of HKD 487,493 for the same period in 2023[12] - The company reported a decrease in sales of products, with total sales revenue of HKD 89,330,897 for the six months ended June 30, 2024, compared to HKD 95,261,132 in the previous year[12] - The company's revenue for the six months ended June 30, 2024, was approximately HKD 89,300,000, a decrease of 6.2% compared to the same period last year[27] - Gross profit increased by 69.1% to approximately HKD 15,900,000 for the same period[27] - The loss attributable to the company's owners was approximately HKD 10,800,000, compared to HKD 24,100,000 for the six months ended June 30, 2023[27] - Basic loss per share for the period was HKD 0.0405, down from HKD 0.0904 for the same period last year[17] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 189,122,090, a decrease from HKD 194,624,493 as of December 31, 2023[4] - Current assets decreased to HKD 171,962,439 from HKD 189,043,712, indicating a decline of approximately 9.0%[4] - Current liabilities increased to HKD 69,923,546 from HKD 55,541,448, representing an increase of approximately 25.9%[4] - The company's net asset value as of June 30, 2024, was HKD 264,121,509, down from HKD 299,759,886 as of December 31, 2023[4] - The total borrowings from banks and other financial institutions amounted to approximately HKD 7,000,000 as of June 30, 2024[30] - The total equity of the group was approximately HKD 264,100,000 as of June 30, 2024, with 267,004,800 shares issued[32] Cash Flow and Investments - Cash and cash equivalents amounted to HKD 50,845,219 as of June 30, 2024, compared to HKD 42,084,656 as of December 31, 2023[21] - The group's cash and cash equivalents totaled approximately HKD 92,900,000 as of June 30, 2024, indicating a strong financial position[30] - The company has not engaged in any fundraising activities during the reporting period[33] - The group maintained a "net cash" position, with cash balances exceeding its debts as of June 30, 2024[30] - Capital expenditures for the six months ended June 30, 2024, amounted to HKD (1,477,094), reflecting ongoing investments in operational capacity[9] Business Strategy and Operations - The company continues to focus on its two business segments: precision components and headquarters & others, with performance monitored for resource allocation and evaluation decisions[7] - The company plans to continue focusing on precision components and expanding its market presence in Asia and North America[9] - The company is exploring new product development and technological advancements to enhance its competitive edge in the market[9] - Operating profit for the precision components segment was approximately HKD 100,000, a significant improvement from a loss of HKD 5,500,000 in the same period last year[28] - The company had a significant concentration credit risk of 33% from accounts receivable related to a single customer in the precision components category as of June 30, 2024[21] Market Conditions and Future Outlook - The company anticipates a potential interest rate cut starting in September 2024, which may boost consumer spending and business investments[29] - The group plans to temporarily halt signing forward currency contracts to manage production cost fluctuations due to RMB exchange rate volatility[28] - The company recorded a realized loss of HKD 10,635,692 from foreign currency contracts due to the depreciation of the RMB against the USD during the six months ended June 30, 2024[19] - The company had no outstanding forward foreign currency contracts as of June 30, 2024, as all contracts were terminated in April 2024[19] Dividend and Financial Statements - The interim dividend proposed is HKD 0.02 per ordinary share, unchanged from the previous year[25] - The board approved the interim financial statements for publication on August 22, 2024[24]

Financial Performance - The Group's turnover for the year ended December 31, 2023, was approximately HK$185.8 million, a decrease of 31.7% from HK$272.1 million in 2022[12][22] - Loss attributable to owners of the Company was approximately HK$26.1 million, compared to a loss of HK$0.5 million in 2022[12][22] - Basic loss per share for the year was HK9.77 cents, up from HK0.19 cent in the previous year[12][22] - Overall gross profit decreased to approximately HK$25.6 million, representing a decline of 53.6% from the previous year[12][22] - The precision parts and components segment's turnover also decreased by 31.7% to approximately HK$185.8 million compared to 2022[22][24] - Overall gross profit decreased by 53.6% to approximately HK$25.6 million, resulting in a gross profit margin decline of 6.5 percentage points to 13.8%[28][31] - Loss attributable to shareholders was approximately HK$26.1 million, compared to a profit of HK$0.5 million in 2022, with basic loss per share of HK$0.0977[26][29] Market Conditions - The challenging market conditions were attributed to the ongoing war in Ukraine, inflation pressures, and interest rate hikes, which weakened consumer sentiment, particularly in Europe[22][23] - The decline in revenue led to lower capacity utilization of the Group's production facilities, while direct costs were not proportionately reduced[22][24] Financial Position - The Group's equity decreased to HK$299.8 million from HK$350.3 million in 2022[12] - Property, plant, and equipment value decreased to HK$192.4 million from HK$201.3 million in 2022[12] - The Group's financial position remains healthy, with bank balances and cash totaling approximately HK$100.4 million as of December 31, 2023[39] - Total borrowings from banks amounted to approximately HK$7.0 million, indicating a "net cash" positive status[38][45] - The Group distributed interim and final dividends totaling approximately HK$21.3 million in 2023, maintaining a strong financial position for future operations[29][32] Cost Management - The selling and distribution costs decreased by 13.4% to approximately HK$16.8 million, while administrative expenses slightly decreased by 1.0% to approximately HK$23.2 million[28][31] - The finance costs remained stable at approximately HK$0.5 million despite a rise in market interest rates[28][37] Workforce and Employment - The Group's workforce totaled approximately 729 employees, with the majority based in Mainland China[49] - The group had approximately 729 employees as of December 31, 2023, with around 694 based in mainland China, 30 in Hong Kong, and 5 overseas[55] Corporate Governance - The Board of Directors includes a balanced composition of Executive Directors and Independent Non-executive Directors, ensuring strong independent judgment[64] - The company has complied with all provisions of the Corporate Governance Code throughout the year ended December 31, 2023, except for the separation of the roles of Chairman and CEO[62] - The Board is collectively responsible for overseeing the management of the business, focusing on enhancing shareholder value and monitoring financial performance[75] - The company has established Board committees to delegate various responsibilities as outlined in their respective terms of reference[75] - The Company has established a Board Independence Evaluation Mechanism to ensure strong independent judgment and safeguard shareholders' interests[95] - The Company has not established a corporate governance committee; the Board is responsible for corporate governance duties[85] Board Meetings and Committees - The Board held five regular meetings and one annual general meeting during the year ended December 31, 2023, with full attendance from all directors[83] - The Remuneration Committee held two meetings during the year, with all members attending 100% of the meetings[119] - The Nomination Committee held two meetings during the year, with full attendance from its members[138] - The Audit Committee held three meetings during the year, with all members attending at least two meetings[180] Risk Management and Internal Controls - The Board acknowledges its responsibility for ongoing risk management and internal control systems, which are designed to manage risks rather than eliminate them[186] - The Group's risk management processes include identifying risks that may affect business operations and assessing their potential impact and likelihood of occurrence[196] - The internal audit function is performed by a dedicated team that reports directly to the Audit Committee and the Board, conducting reviews on material controls and compliance[198] - The Board has overall responsibility for maintaining effective risk management and internal control systems, which were reviewed for effectiveness and adequacy during the year[192] Diversity and Inclusion - The company emphasizes the importance of board diversity, considering factors such as age, gender, skills, and professional experience in its composition[141] - The Company aims to foster an inclusive environment to enhance employee loyalty and motivation, which is crucial for optimal performance[144] - The Board achieved its diversity objectives in 2023, including at least one female member and at least 33% of members being non-executive or independent non-executive directors[150] - The Company appointed one female director on April 30, 2023, to enhance gender diversity in the Board and senior management[151] Remuneration Policies - The remuneration policy ensures that compensation for employees, including directors and senior management, is based on skills, knowledge, responsibilities, and involvement in the company's affairs[129] - Executive directors' remuneration includes basic salary, pensions, and discretionary bonuses, reflecting the company's performance and profitability[129] - Individual directors and senior management do not participate in determining their own remuneration, ensuring fairness in the process[129] Auditor and Financial Reporting - The auditor's remuneration for the year includes HK$880,000 for audit services and HK$72,000 for non-audit services, totaling HK$952,000[177] - The directors are responsible for preparing the consolidated financial statements for the year ended December 31, 2023, ensuring compliance with statutory requirements and applicable accounting standards[184] - The Audit Committee reviewed the consolidated financial statements for the year ended December 31, 2023, and the interim financial statements for the six months ended June 30, 2023[181]

Financial Performance - Total revenue for K & P International Holdings Limited for the year ended December 31, 2023, was HKD 185.79 million, a decrease of 31.7% compared to HKD 272.10 million in 2022[3]. - Gross profit for the year was HKD 25.65 million, down 53.7% from HKD 55.32 million in the previous year[3]. - The company reported a loss before tax of HKD 26.57 million, compared to a profit of HKD 1.31 million in 2022[3]. - The net loss attributable to owners of the company for the year was HKD 26.10 million, compared to a loss of HKD 503,036 in the previous year[3]. - Basic and diluted loss per share for the year was HKD 0.0977, compared to HKD 0.0019 in 2022[3]. - Total comprehensive loss for the year amounted to HKD 29.13 million, compared to HKD 7.12 million in 2022[4]. - The adjusted loss before tax for the precision components segment was HKD 24,241,878, while the headquarters and other segment reported a loss of HKD 3,762,656, resulting in a total adjusted loss before tax of HKD 26,567,262[22]. - The company reported a pre-tax loss of HKD 26,567,262 for 2023, compared to a profit of HKD 1,306,185 in 2022[35]. - The group reported a net loss after tax of approximately HKD 26,100,000 for the year[59]. Revenue Breakdown - Revenue from product sales was HKD 185,786,572, down 31.7% from HKD 272,102,667 in the previous year[29]. - Major customers contributing over 10% of revenue included Customer A with HKD 43,214,506 and Customer B with HKD 28,917,208, totaling HKD 72,131,714 for 2023, down from HKD 103,287,042 in 2022[26]. - Revenue from the Greater China region decreased significantly from HKD 27,083,355 in 2022 to HKD 14,205,598 in 2023, reflecting a decline of 47.6%[26]. - The group's revenue for the year ended December 31, 2023, was approximately HKD 185,800,000, a decrease of 31.7% compared to the previous year[47]. - The group's revenue decreased by 31.7% to approximately HKD 185,800,000 compared to last year[59]. Assets and Liabilities - Non-current assets decreased to HKD 194.62 million from HKD 203.28 million in the previous year[6]. - Current assets decreased to HKD 189.04 million from HKD 233.63 million in 2022, primarily due to a reduction in inventory and accounts receivable[6]. - Total liabilities decreased to HKD 83.91 million from HKD 86.66 million in the previous year[6]. - The company's equity decreased to HKD 299.76 million from HKD 350.25 million in 2022[6]. - Total non-current assets in Hong Kong decreased from HKD 69,713,550 in 2022 to HKD 64,957,644 in 2023, a decline of 6.4%[26]. - The total equity of the group was approximately HKD 299,800,000 as of December 31, 2023[64]. Expenses and Costs - Employee expenses decreased to HKD 77,222,030, down 13.2% from HKD 88,930,862 in 2022[32]. - The cost of goods sold was HKD 160,137,871, a reduction of 26.2% from HKD 216,781,642 in the previous year[32]. - Sales and distribution costs decreased by 13.4% to approximately HKD 16,800,000, while administrative and other expenses decreased by 1.0% to approximately HKD 23,200,000[53]. - Depreciation expenses for property, plant, and equipment (excluding right-of-use assets) amounted to HKD 8,832,577 for the year[22]. Dividends and Subsidies - Proposed final dividend per share for 2023 is HKD 0.08, an increase from HKD 0.06 in 2022[37]. - The company received a government subsidy of approximately HKD 1,554 in 2023, significantly lower than HKD 291,596 in 2022[30]. Future Outlook - The group expects a gradual recovery in the global economy in 2024, with an increase in customer orders and new project developments[54]. - The financial position remains robust, allowing for potential business expansion or sufficient funding during economic uncertainties[54]. Other Financial Information - The company incurred a net loss of HKD 9,772,199 from fair value losses on financial liabilities/assets for the year[24]. - The group recorded an unrealized net loss of approximately HKD 9,800,000 from certain forward currency contracts due to the depreciation of the RMB against the USD[52]. - The group's cash and cash equivalents totaled approximately HKD 100,400,000 at the end of the reporting period[61]. - The group maintained a "net cash" position, with cash balances exceeding its debts[62]. - As of December 31, 2023, total bank borrowings amounted to approximately HKD 7,000,000[61]. - The company has adopted new accounting standards that do not significantly impact the consolidated financial statements[17][18]. - No fundraising activities were conducted by the group during the year 2023[65]. - The company’s capital expenditure for the year was HKD 4,556,104, reflecting ongoing investments in operations[24]. - Financing costs increased to HKD 520,757 in 2023, up from HKD 467,848 in 2022[31]. - The group had approximately 729 employees, with the majority based in mainland China[66].

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 95,261,132, a decrease of 35% compared to HKD 146,826,508 in the same period of 2022[4] - Gross profit for the same period was HKD 9,376,788, down 67% from HKD 28,627,975 year-on-year[4] - The company reported a loss attributable to owners of HKD 24,143,853, compared to a profit of HKD 7,643,548 in the previous year[4] - Basic and diluted loss per share was HKD 9.04, compared to earnings of HKD 2.86 per share in the prior year[4] - Total comprehensive loss for the period was HKD 32,076,823, significantly higher than a loss of HKD 927,613 in the same period last year[5] - The company reported a loss before tax of HKD 26,615,011 for the six months ended June 30, 2023, compared to a profit before tax of HKD 9,420,240 in the same period of 2022[18] - The company reported a pre-tax loss of HKD 24,143,853 for the six months ended June 30, 2023, compared to a profit of HKD 7,643,548 for the same period in 2022[33] - The overall gross profit decreased by 67.2% to approximately HKD 9,400,000, resulting in a loss attributable to the company's owners of approximately HKD 24,100,000[47] Assets and Liabilities - Non-current assets decreased to HKD 194,816,009 from HKD 203,277,367 at the end of 2022[7] - Current assets decreased to HKD 214,598,633 from HKD 233,631,096 at the end of 2022, with inventory dropping from HKD 81,933,176 to HKD 60,133,671[7] - Current liabilities increased to HKD 80,618,996 from HKD 59,868,024 at the end of 2022, indicating a rise in financial obligations[7] - The total equity decreased to HKD 302,154,728 from HKD 350,251,839 at the end of 2022, reflecting a decline in retained earnings and reserves[8] - Non-current assets as of June 30, 2023, totaled HKD 190,937,035, down from HKD 201,318,417 as of December 31, 2022[25] Cash Flow - Net cash inflow from operating activities for the six months ended June 30, 2023, was HKD 20,733,745, a decrease of 20% compared to HKD 26,052,948 in the same period of 2022[12] - The company experienced a net cash increase of HKD 2,599,398 in cash and cash equivalents for the six months ended June 30, 2023, compared to an increase of HKD 21,267,951 in the same period of 2022[12] - The financing activities generated a net inflow of HKD 2,797,778 for the six months ended June 30, 2023, compared to a net outflow of HKD 4,033,602 in the same period of 2022[12] - As of June 30, 2023, the total cash and cash equivalents amounted to approximately HKD 113,400,000, reflecting a strong financial position[53] Revenue Sources - Major customers contributed significantly to revenue, with Customer A generating HKD 23,033,426 and Customer B generating HKD 11,968,110 in the first half of 2023, down from HKD 33,843,464 and HKD 23,547,301 respectively in 2022[22] - Revenue from the Asia region, including Japan, was HKD 50,720,938 for the six months ended June 30, 2023, a decrease of 33% from HKD 75,796,052 in the same period of 2022[23] - Revenue from product sales was HKD 95,261,132, down 35.1% from HKD 146,826,508 in the previous year[26] - For the six months ended June 30, 2023, the group's revenue was approximately HKD 95,300,000, a decrease of 35.1% compared to the same period last year[47] Employee and Operational Costs - Employee expenses decreased to HKD 39,721,238, down 19.1% from HKD 49,164,264 in the previous year[28] - The company incurred capital expenditures of HKD 1,036,912 for the six months ended June 30, 2023, compared to HKD 751,395 in the same period of 2022[18] Dividends and Shareholder Information - The company declared an interim dividend of HKD 5,340,096 for the period[10] - The company declared an interim dividend of HKD 0.02 per share, consistent with the previous year, totaling HKD 5,340,096[31] - The company’s major shareholder, Celaya (PTC) Limited, holds 97,242,000 shares, representing 36.42% of the issued share capital[65] - The founder, Mr. Lai Pei Wo, directly holds 35,998,000 shares and has a total interest of 133,240,000 shares, accounting for 49.90% of the company[60] Risk and Governance - The company experienced a significant concentration credit risk of 36% from one major customer as of June 30, 2023[38] - The company has established an audit committee to review and supervise the financial reporting process and internal controls[71] - The company has adhered to the corporate governance code as per the listing rules, with no significant deviations reported[68] - The company’s board structure has not separated the roles of Chairman and CEO, which is considered to facilitate quick decision-making[69] Currency and Market Position - The impact of exchange rate changes resulted in a net gain of HKD 341,597 for the six months ended June 30, 2023[12] - The company recorded a net foreign exchange loss of HKD 487,493, compared to a net gain of HKD 5,512,342 in the same period last year[28] - The group recorded unrealized fair value losses of approximately HKD 17,000,000 related to forward currency contracts due to RMB depreciation[50] - The fair value loss on forward currency contracts was HKD 17,013,574 for the six months ended June 30, 2023, compared to a loss of HKD 3,567,587 in the same period last year[37] Future Plans and Activities - The company aims to enhance production flexibility and efficiency while managing RMB exchange rate fluctuations through forward currency contracts[52] - The company has no plans for significant market expansion or mergers and acquisitions disclosed in the report[73] - The company did not engage in any fundraising activities during the period ending June 30, 2023[57] - The company has not purchased, redeemed, or sold any of its listed securities during the reporting period[67] - The company’s stock option plan, which provided incentives to employees, was terminated on May 22, 2022[58] Employee Count - As of June 30, 2023, the company had approximately 792 employees, with about 756 located in mainland China, 31 in Hong Kong, and 5 overseas[58]

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 之任何損失承擔任何責任。 K & P International Holdings Limited 堅寶國際控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：675） 截至二零二三年六月三十日止六個月之中期業績 未經審核中期業績 堅寶國際控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈本公司及其附屬公司（「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業績連同去年同期之比較數字。本中期簡明 綜合財務報表乃未經審核，但已由本公司審核委員會所審閱。 簡明綜合利潤表 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 港元 港元 收入 3 95,261,132 146,826,508 銷售成本 (85,884,344) (118,198,533) __________________ __________________ 毛利 9,376,7 ...