Financial Performance - The company recorded a loss attributable to shareholders of approximately HKD 14,100,000 for the year ended December 31, 2024, compared to a profit of HKD 304,179,000 for the previous year, marking a significant decline [6]. - Basic loss per share for the review period was HKD 0.04, down from a basic earnings per share of HKD 0.77 in the previous year [7]. - Revenue from contracts with customers was approximately HKD 375,960,000, a decrease of 4.4% compared to the previous year, primarily due to stagnation in global automotive production and a rebound in demand for high-end communication equipment [8]. - Interest income from debt instrument investments was approximately HKD 17,961,000, down from HKD 25,175,000 in the previous year [10]. - The net reversal of expected credit losses was approximately HKD 1,683,000, significantly lower than the previous period's reversal of HKD 384,788,000 [33]. - The fair value loss on investment properties was approximately HKD 78,054,000, compared to HKD 28,459,000 in the previous period [34]. - The company reported a 2.1% depreciation of the Renminbi during the review period, negatively impacting its financials [93]. Revenue and Income Sources - Rental income generated from properties held by the group was approximately HKD 13,174,000, a significant increase from HKD 1,177,000 in the previous year, following the acquisition of legal ownership of several investment properties in Hong Kong and China [9]. - Dividend income from investments in Hong Kong listed securities was approximately HKD 12,017,000, slightly up from HKD 11,608,000 in the previous year [11]. - The total interest income from loans granted by the group during the review period was approximately HKD 1,592,000, compared to HKD 790,000 in the previous period, representing an increase of 101% [44]. - The geographical revenue composition for the review period included China at 28.7%, South Korea at 18.4%, the UK at 12.9%, and the US at 12.0% [8]. Investment and Asset Management - The fair value of investment properties held as of December 31, 2024, was approximately HKD 689,387,000, down from HKD 779,718,000 as of December 31, 2023 [40]. - The total investment cost of debt instruments held by the group was HKD 419,622,000, down from HKD 626,829,000 in the previous year, reflecting a decrease of 33% [48]. - The net carrying amount of investments after impairment losses was HKD 415,442,000, compared to HKD 642,902,000 in 2023, indicating a decline of 35.4% [48]. - The company maintains a diversified investment portfolio, focusing on stable dividend-paying companies and low-risk bonds [72]. Corporate Governance and Compliance - The company is committed to compliance with the new Hong Kong Companies Ordinance (Chapter 622) regarding business reviews and disclosures [115][117]. - The board consists of six members, including three executive directors and three independent non-executive directors, with one female director as of December 31, 2024 [180]. - The independent non-executive directors account for at least one-third of the board, ensuring compliance with listing rules [183]. - The company has established four committees: audit committee, nomination committee, remuneration committee, and investment committee to enhance management efficiency [190]. Market and Economic Conditions - The company faces economic climate and individual market performance risks, particularly in Taiwan, the United States, and Europe [118]. - The sales performance is significantly influenced by local economic conditions, which can affect consumer confidence and overall sales [118]. - The overall commercial real estate investment landscape in mainland China and Hong Kong is expected to remain challenging in 2025 [69]. Shareholder Information - The board proposed a final dividend of HKD 0.02 per share for the review period, consistent with the previous year [101]. - The company's reserves available for distribution to shareholders as of December 31, 2024, are approximately HKD 411,136,000, which includes retained earnings of about HKD 374,698,000 [132]. - Major shareholders include 佳帆 with 201,995,834 shares (52.79%) and Medusa with 48,520,666 shares (12.68%) as of December 31, 2024 [152]. Risk Management - The company has established individual credit limits for customers to mitigate credit risk, reviewing financial conditions and credit histories regularly [119]. - The company aims to diversify its investment portfolio to reduce equity price risk associated with market volatility [124]. - The company is considering credit ratings of issuers to minimize risks related to bonds and certificates of deposit [125].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容所產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 亞 洲 聯 網 科 技 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：679） 截至二零二四年十二月三十一日止年度之全年業績公佈 亞洲聯網科技有限公司 (「本公司」) 董事會 (「董事會」) 公佈本公司及其附屬公司 (「本集 團」) 截至二零二四年十二月三十一日止年度 (「回顧期內」) 之經審核綜合業績，連同上年 之比較數字如下：－ 綜合損益及其他全面收益表 截至二零二四年十二月三十一日止年度 ASIA TELE-NET AND TECHNOLOGY CORPORATION LIMITED | | 附註 | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | | 千港元 | 千港元 | | 收入 | | | | | 與客戶簽訂合約 | 4 | 375,960 | 393,328 | | 租金收入 | | 13,174 | 1,177 | | 利息收 ...

亞洲聯網科技 有 限 公 司 Asia Tele-Net and Technology Corporation Limited (於百慕達註冊成立之有限公司) (股份代號 : 0679) | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 中 | 期 報 | 告 21 | | | | --- | --- | |------------------------------|-------| | | | | 目錄 | | | 公司資料 | 2 | | 管理層討論及分析 | 4 | | 其他資料 | 28 | | 簡明綜合財務審閱報告 | 34 | | 簡明綜合損益及其他全面收益表 | 36 | | 簡明綜合財務狀況表 | 38 | | 簡明綜合權益變動表 | 41 | | 簡明綜合現金流量表 | 42 | | 簡明綜合財務報表附註 | 44 | 1 亞洲聯網科技有限公司 I 2024 中期報告 | ...

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 198,726,000, a decrease of 0.17% compared to HKD 200,069,000 for the same period in 2023[1] - The company reported a profit before tax of HKD 26,944,000, compared to a loss of HKD 36,424,000 in the previous year, showing a turnaround in performance[1] - Total comprehensive income for the period was HKD 22,404,000, down from HKD 89,925,000 in the prior year, reflecting a decrease of approximately 75%[2] - The profit before tax for the group was HKD 26,944,000 for the six months ended June 30, 2024, compared to a profit of HKD 146,400,000 for the same period in 2023, indicating a significant decline[10] - The company reported a profit attributable to owners of approximately HKD 29,060,000 for the period ending June 30, 2024, a significant decrease from HKD 110,007,000 for the same period last year, representing a decline of about 73.6%[22] Earnings Per Share - Basic earnings per share decreased to HKD 7.58 from HKD 27.92, representing a decline of about 72.9%[2] - The basic earnings per share for the six months ended June 30, 2024, was HKD 0.076, down from HKD 0.279 for the same period in 2023[16] - Basic earnings per share for the review period were HKD 0.0758, down from HKD 0.2792 in the previous year, indicating a decrease of approximately 72.9%[22] Assets and Liabilities - Non-current assets totaled HKD 1,142,134,000, down from HKD 1,273,979,000, indicating a reduction of approximately 10.3%[3] - Current assets increased to HKD 978,146,000 from HKD 862,034,000, marking an increase of about 13.5%[3] - Total liabilities decreased to HKD 618,519,000 from HKD 635,078,000, reflecting a reduction of approximately 2.6%[4] - The company's equity attributable to owners increased slightly to HKD 1,472,506,000 from HKD 1,469,072,000, showing a marginal growth[4] Revenue Breakdown - Revenue from contracts with customers for the six months ended June 30, 2024, was HKD 198,726,000, compared to HKD 200,069,000 for the same period in 2023, representing a decrease of 0.67%[8] - The segment revenue from electroplating equipment was HKD 198,726,000, while property investment and fund management contributed HKD 5,118,000 and HKD 16,729,000, respectively, totaling HKD 220,573,000[9] - Revenue from the printed circuit board business increased from HKD 76,880,000 to HKD 127,300,000, representing a growth of 65.6% year-over-year[47] Expenses and Costs - Sales and distribution costs increased by 6.0% due to heightened sales activities during the review period[28] - Administrative expenses decreased by 4.0% as the company continued efforts to control operating costs[29] - Financial costs included bank loan interest of HKD 614,000, up from HKD 567,000 in the previous period, and lease liabilities interest of approximately HKD 112,000, down from HKD 145,000[31] Investment and Financial Activities - The company has established an investment committee to enhance internal organization based on business nature, focusing on electroplating equipment, property investment, and fund management[9] - The investment strategy focuses on a balanced approach to explore favorable short-term and long-term investments, aiming for a diversified portfolio[40] - The group plans to report its business activities in three segments starting in 2024: electroplating equipment, property investment, and fund management[46] Foreign Exchange and Credit Loss - The company experienced a net loss from foreign exchange of HKD 21,563,000 for the six months ended June 30, 2024[14] - The expected credit loss model recognized a loss of HKD 1,394,000 during the period, contrasting with a reversal of HKD 113,173,000 for the same period in 2023[17] - Expected credit loss provisions for trade receivables were HKD 4,018,000, while provisions for deferred consideration were HKD 1,394,000, indicating a significant change in credit risk assessment[30] Dividends and Share Repurchase - The company declared a final dividend of HKD 0.02 per share, totaling HKD 7,653,000, for the year ended December 31, 2023[15] - The interim dividend declared for the six months ended June 30, 2024, is HKD 0.01 per share, consistent with the previous year[61] - The company repurchased a total of 11,320,000 ordinary shares from the open market at an average price of HKD 0.995 per share, which were subsequently cancelled on August 16, 2024[76] Market and Economic Conditions - Global smartphone shipments are projected to increase by 9% year-over-year in Q2 2024, reaching approximately 292.2 million units[48] - The global printed circuit board market is expected to reach approximately USD 79.37 billion by 2024, driven by demand from consumer electronics, automotive electronics, and IoT devices[49] - The average rent in Hong Kong is expected to decline further in the second half of 2024 due to high vacancy rates[55] Corporate Governance - The audit committee reviewed the financial statements for the six months ending June 30, 2024, in accordance with the relevant accounting principles and practices[71] - The company’s remuneration committee is responsible for establishing the executive director remuneration policy and evaluating their performance[72] - The investment committee is tasked with reviewing and monitoring any investment projects or financial activities, with a two-tier approval structure for significant transactions[74] - All directors confirmed compliance with the standard code of conduct for securities trading during the six-month period ending June 30, 2024[75]

Financial Performance - The revenue for the year ended December 31, 2023, was approximately HKD 393,328,000, representing a 23.0% increase compared to the previous year[5]. - The profit attributable to the company's owners was approximately HKD 304,179,000, a significant increase from a loss of HKD 32,727,000 in the previous year[8]. - The gross profit margin improved to 19.2%, up from approximately 9.3% in the previous year due to cost control measures[22]. - Basic earnings per share for the year were HKD 0.77, compared to a basic loss per share of HKD 0.08 in the previous year[20]. - Other income amounted to approximately HKD 93,919,000[39]. - The estimated tax expense related to deferred consideration was approximately HKD 109,458,000, significantly higher than HKD 27,661,000 in the previous year[53]. - The net reversal of impairment losses for deferred consideration was approximately HKD 395,911,000, compared to HKD 58,900,000 in the previous year[47]. - The company recorded a decrease in interest income from bank deposits to approximately HKD 2,635,000 from HKD 11,333,000 in the previous year[41]. - The company reported a significant increase in contract assets, with a net amount of (HKD 5,233,000) compared to HKD 209,000 in the previous year[35]. - The total equity of the company increased to HKD 1,469,033,000 in 2023, up from HKD 1,184,245,000 in 2022, representing a growth of approximately 24.2%[71]. - The company's non-current liabilities decreased from HKD 102,127,000 in 2022 to HKD 31,902,000 in 2023, a reduction of about 68.7%[71]. - The company has cash on hand of approximately HKD 138.1 million as of December 31, 2023, down from HKD 515.6 million as of December 31, 2022[145]. - The company reported a total reserve available for distribution to shareholders of approximately HKD 53,197,000, which includes retained earnings of about HKD 46,879,000 and other reserves of approximately HKD 6,318,000[194]. Revenue Composition - Revenue from the printed circuit board business accounted for approximately 61.9% of total revenue, while surface treatment business contributed about 38.1%[9]. - Revenue composition by region showed that China accounted for 42.3%, South Korea 14.4%, and Mexico 13.6%[21]. - Revenue from the surface treatment business increased by 123.3% to approximately 121,676,000, with 42.7% of sales directed to China[112]. - Approximately 43.5% of the surface treatment business revenue was generated from sales to Mexico[112]. Investment Activities - The fair value change of investment properties was approximately HKD 28,459,000, compared to none in the previous year[14]. - The company has acquired several retail stores and offices in Longhua, China, and various office units and parking spaces in Hong Kong, classified as investment properties[26]. - The company has entered into a loan financing agreement for a revolving loan of HKD 80 million, effective until October 20, 2025[133]. - The company plans to lease properties to generate stable income, with no immediate cash outflow due to the acquisition being settled through interest-free promissory notes[78]. - The company has pledged several investment properties to a licensed bank in Hong Kong to obtain mortgage loans as of December 31, 2023[148]. - The fair value of investments in listed equity securities was HKD 175,700,000 as of December 31, 2023, with a significant increase in dividend income received amounting to HKD 8,352,000[81][91]. Expenses and Costs - Administrative expenses for the review period were approximately HKD 78,713,000, a decrease of 8.4% compared to HKD 85,795,000 in the previous year[33]. - Sales and distribution costs were approximately HKD 12,597,000, an increase of 27.9% compared to the previous year due to increased sales activities post-pandemic[44]. - The total financial costs were approximately HKD 3,923,000, with a notable decrease in the provision for performance-related rewards[51]. - The company recognized impairment losses of approximately HKD 5,421,000 for property, plant, and equipment, and HKD 7,561,000 for right-of-use assets related to its factory in China[35]. Market Trends and Outlook - The overall decline in the printed circuit board industry in 2023 was attributed to reduced demand for smartphones and other electronic products, reflecting broader market trends[98]. - Global smartphone shipments in Q4 2023 increased by 8.5% year-on-year, totaling approximately 326.1 million units, although annual shipments saw a decline of 3.2%[108][109]. - The fastest-growing market in 2023 was Mexico, with light vehicle sales increasing by 25% to 1,360,100 units[115]. - The company expects a slight rebound in the global smartphone market in 2024, driven by rising demand in emerging markets and new technology developments[111]. - The automotive sales in 2023 reached 75.3 million units, reflecting an 11.9% growth compared to the previous year[113]. Corporate Governance and Community Engagement - The company’s board of directors includes experienced professionals with extensive backgrounds in finance and management, contributing to strategic planning and operations[180][183][184]. - The company has been actively involved in community initiatives, including the establishment of the Hong Kong Charity Foundation to support youth education and development[179]. Risks and Liabilities - The company is subject to foreign currency risk, as its assets and liabilities are primarily settled in USD and HKD[191]. - The company has a liquidity risk related to its ability to meet its obligations as they come due[191]. - The company has a contingent liability related to the properties, with a total secured liability of approximately RMB 1.55 billion, excluding accrued interest and penalties[134]. - The company provided guarantees of approximately HKD 1,034,100,000 for bank credit facilities granted to its subsidiaries as of December 31, 2023, up from HKD 345,000,000 as of December 31, 2022[172]. Employee and Operational Metrics - The group employed a total of 327 employees as of December 31, 2023, down from 431 employees as of December 31, 2022[155]. - The group has no significant capital commitments as of December 31, 2023[154]. - The company has not granted any share options during the review period, similar to the previous year[174]. - The top five customers accounted for approximately 47.2% of the total revenue, with the largest customer representing about 13.4%[195]. - The company has a significant reliance on its top suppliers, with the total purchases from the five largest suppliers making up less than 29.8% of total purchases[195]. - The company operates in key markets including Taiwan, the United States, and Europe, and is exposed to economic conditions in these regions which could impact sales and performance[188]. - The company has not experienced any major changes in the nature of its business during the reporting year[192].

(b) 從銀行存款收取的利息 (d) 遞延代價之設算利息收入 餘額為各種雜項收入和收到的費用。 行政費用約 94,794,000 港元 (b) 去年期內提供裁員成本約 22,390,000 港元 扣除回顧期內業績相關獎勵金撥備及去年期內提供裁員成本後，回顧期內日常行政費用約為 78,713,000 港元，低於去年期內 (去年期內： 85,795,000 港元)。主要是由於回顧期內裁員以及我 們持續努力控制營運成本以推動績效改善。 (減值虧損)預期信貸虧損模式下之撥回，淨值 去年期內物業、廠房、設備及使用權資產減值 由於表現相關獎勵款項之撥備在幾年前被折讓至現值，當預期支付時間表接近時，此獎勵款項的 現值將向上修正，設算利息開支亦將相應提高。 回顧期內，本集團錄得與遞延代價相應的估計稅費約 109,458,000 港元 (去年期內：27,661,000 港 元)。 折算海外經營所產生之匯兌差額約 7,495,000 港元 有關更詳細的說明，請參考本業績公佈之財務資料附註 10。 於二零二三年十二月三十一日，根據2022貸款融資協議之條款，高信金融集團已提取貸款約 37,000,000 港元 (二零二二年十二月三 ...

Financial Performance - The company recorded a profit attributable to owners of approximately HKD 110,007,000 for the period ending June 30, 2023, a significant increase from HKD 12,913,000 for the same period last year, representing a growth of 751.5%[6] - Basic earnings per share for the review period were HKD 0.2792, compared to HKD 0.0303 for the previous year, marking an increase of 821.1%[7] - Revenue for the period was approximately HKD 200,069,000, reflecting a year-on-year increase of 19.9%[9] - The gross profit margin improved from 4.9% in the previous year to 19.1% in the current period, indicating effective cost control measures[10] - The company reported a net fair value gain of approximately HKD 14,227,000 from investments, compared to HKD 9,894,000 in the previous year, an increase of 43.5%[12] - The net income related to the Longhua project was HKD 105,798,000, compared to HKD 48,837,000 in the previous period, indicating an increase of approximately 116.5%[36] - Profit before tax surged to HKD 146,400,000, compared to HKD 30,835,000 in the previous year, marking an increase of 373.5%[116] - Net profit for the period was HKD 109,976,000, a substantial rise from HKD 12,908,000, representing an increase of 752.5%[116] - Total comprehensive income for the period was HKD 89,925,000, compared to a loss of HKD 12,829,000 in the previous year[118] Revenue Composition - Revenue composition showed that 46.3% came from printed circuit board business and 53.7% from surface treatment business, a shift from 85.0% and 15.0% respectively in the previous year[9] - The geographical revenue distribution indicated that China accounted for 52.2%, followed by Korea at 12.2% and Mexico at 10.3%[9] - The revenue from the electroplating equipment business for printed circuit boards decreased by 32.1% from HKD 113,274,000 to HKD 76,880,000, with 41.8% of sales to China and 27.1% to South Korea[55] - The surface treatment business revenue surged by 347.2% from approximately HKD 19,963,000 to HKD 89,279,000, with 58.3% of sales to China and 22.9% to Mexico[58] - The geographical revenue analysis showed that revenue from Mainland China (excluding Hong Kong) was HKD 104,476,000, down from HKD 139,296,000 in 2022, a decrease of 25.0%[134] Cost and Expenses - Sales and distribution costs rose by 29.7% compared to the previous period, primarily due to increased sales activities during the post-pandemic recovery[29] - Administrative expenses decreased by 10.6% compared to the previous period, attributed to layoffs and ongoing efforts to control operational costs[30] - Tax expenses amounted to approximately HKD 36,424,000, up from HKD 17,927,000 in the previous period, reflecting an increase of about 102.8%[34] - The deferred tax expense for the six months ended June 30, 2023, was HKD 24,505,000, compared to HKD 14,199,000 in 2022, representing an increase of 72.6%[141] Investment and Financial Position - As of June 30, 2023, the total investment cost of the group is HKD 683,000,000, with approximately HKD 305,000,000 classified as non-current assets and HKD 378,000,000 as current assets[45] - The group holds 21 listed equity securities in Hong Kong with a fair value of HKD 186,000,000 as of June 30, 2023[46] - The investment in China Mobile Limited amounts to HKD 102,739,000, with a fair value of HKD 128,100,000, representing 7.49% of the group's total assets[47] - The group has recorded deferred tax liabilities of HKD 114,384,000, primarily related to expected tax expenses from arrangements in Longhua[53] - The company has provided guarantees amounting to approximately HKD 1,602,100,000 for bank credit facilities as of June 30, 2023, compared to HKD 345,000,000 as of December 31, 2022[79] - The company had cash on hand of approximately HKD 164,371,000 as of June 30, 2023, down from HKD 515,554,000 as of December 31, 2022[74] - The available bank credit for financial and investment purposes increased to HKD 1,499,800,000 as of June 30, 2023, from HKD 218,000,000 as of December 31, 2022[75] - The company incurred a net cash outflow from investing activities of HKD 66,839,000 for the six months ended June 30, 2023, compared to HKD 162,358,000 for the same period in 2022, indicating improved cash management[126] Shareholder Information - As of June 30, 2023, Mr. Lan Guoqing holds a total of 273,391,167 shares, representing 69.40% of the company's issued share capital[88] - Major shareholders include Medusa with 48,520,666 shares (12.32%), Jiafan with 201,995,834 shares (51.27%), and J & A with 19,400,000 shares (4.92%)[91] - The interim dividend declared is HKD 0.01 per share for the six months ended June 30, 2023, consistent with the previous year[83] - The company declared a final dividend of HKD 0.02 per share for the year ended December 31, 2022, totaling HKD 7,879,000, which is a decrease from HKD 8,529,000 in the previous year[144] Management and Governance - The audit committee has reviewed the financial statements for the six months ending June 30, 2023, with Deloitte providing a review report[100] - The company has complied with the corporate governance code, with some deviations regarding the roles of the chairman and CEO[95][98] - The remuneration committee is responsible for setting the executive directors' remuneration policies and evaluating their performance[102] - The nomination committee regularly reviews the board's structure and composition, making recommendations for changes[103] - The company has three independent non-executive directors on the audit committee, ensuring adequate oversight[100] - The chairman and managing director roles are held by the same individual, which the board believes strengthens leadership[98] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[6] - The company anticipates that 2023 revenue will be slightly higher than last year, despite caution regarding gross profit and general business risks due to inflation and high interest rates[63] - The company plans to continue focusing on the development of plating machinery and related industrial equipment to drive future growth[137]

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分內容所產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 ASIA TELE-NET AND TECHNOLOGY CORPORATION LIMITED * 亞亞亞亞 洲洲洲洲 聯聯聯聯 網網網網 科科科科 技技技技 有有有有 限限限限 公公公公 司司司司 (於百慕達註冊成立之有限公司) (股份代號: 679) 截截截截至至至至二二二二零零零零二二二二三三三三年年年年六六六六月月月月三三三三十十十十日日日日止止止止六六六六個個個個月月月月之之之之 中中中中期期期期業業業業績績績績公公公公佈佈佈佈 亞洲聯網科技有限公司 (「本公司」) 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期間之未經審核業績連同比較數字載列如下﹕ 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 附註 二零二三年 二零二二年 千港元 千港元 (未經審核) (未經審核) 收入－與客戶簽訂合約 ...

Financial Performance - The company reported a loss attributable to owners of approximately HKD 32,727,000 for the year ended December 31, 2022, a significant decrease from a loss of HKD 838,547,000 in the previous year, primarily due to reduced impairment losses under expected credit loss models and tax provisions being reversed [4]. - Revenue for the year was approximately HKD 319,673,000, representing a decrease of 12.3% compared to the previous year, mainly due to weakened demand for high-end communication equipment and automobiles [6]. - The gross profit margin decreased to 9.3% from approximately 10.1% in the previous year, attributed to customer price pressures and increased material costs due to inflation [7]. - The basic loss per share for the year was HKD 0.08, a significant improvement from HKD 1.97 in the previous year [5]. - Tax expenses were approximately HKD 28,621,000, reflecting a pre-tax profit of about HKD 100,070,000, compared to a loss of HKD 1,048,133,000 in the previous period [35]. Revenue Composition - The revenue composition showed that approximately 77.6% came from the printed circuit board business, while 22.4% was from surface treatment, indicating a slight shift in business focus [6]. - The geographical revenue breakdown indicated that China accounted for 74.6% of total revenue, an increase from 60.3% in the previous year, while revenue from the US decreased to 4.8% from 11.4% [6]. - The revenue from the printed circuit board business decreased by 10.7% from HKD 211,856,000 in the previous year to HKD 189,166,000 in the current year, with 91.0% of sales directed to China [56]. - Surface treatment business revenue decreased by 12.1% from approximately HKD 61,998,000 to approximately HKD 54,477,000 [61]. Income and Expenses - Other income and losses amounted to approximately HKD 47,260,000, which included a net foreign exchange loss of HKD 54,025,000, compared to a gain of HKD 2,714,000 in the previous year, largely due to an 8.5% depreciation of the Renminbi [10][13]. - Interest income from bank deposits was approximately HKD 11,333,000, down from HKD 19,945,000 in the previous year [17]. - The company generated approximately HKD 90,369,000 in other income, which included interest from loans and investments, with a notable decrease in deferred consideration interest income from HKD 244,341,000 in the previous year [15]. - Administrative expenses totaled approximately HKD 108,185,000, an increase of about HKD 47,924,000 compared to the previous period [24]. Impairment and Provisions - The net impairment loss reversal for deferred consideration was approximately HKD 58,900,000, significantly improved from a net loss of HKD 1,320,267,000 in the previous period [30]. - The company provided a redundancy cost provision of approximately HKD 22,390,000 during the review period [27]. Market and Economic Outlook - The economic outlook for 2023 is bleak, with the IMF projecting global growth to decline from 3.4% in 2022 to 2.9% [68]. - The World Bank warns of widespread economic downturn, predicting global output growth of only 1.7% in 2023 due to persistent high inflation and monetary tightening [68]. - The company plans to enhance cost management and optimize operational efficiency in response to the changing economic landscape [68]. Corporate Governance - The company is committed to maintaining good corporate governance standards, emphasizing integrity, transparency, and independence [175]. - The board consists of two executive directors and three independent non-executive directors, ensuring a balance of power and expertise [180]. - The company has established service contracts with executive directors, which will continue unless terminated with six months' written notice [138]. - The board is committed to ensuring that any significant transactions involving major shareholders or directors are reviewed and handled appropriately [190]. Shareholder Information - As of December 31, 2022, the equity attributable to the owners of the company was approximately HKD 1,184,249,000, a decrease from HKD 1,319,202,000 as of December 31, 2021 [92]. - The company reported a final dividend of HKD 0.02 per share, totaling HKD 0.03 per share including the interim dividend [126]. - The top five customers accounted for approximately 44.2% of total revenue, with the largest customer representing about 18.0% [132]. Risk Management - The company has established credit limits for individual customers to mitigate credit risk, reviewing financial status and credit records regularly [120]. - The company has no foreign currency hedging policy in place but will continue to monitor foreign exchange risks [124]. - The company is committed to reducing its environmental impact through various strategic initiatives [171].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容所產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 ASIA TELE-NET AND TECHNOLOGY CORPORATION LIMITED * 亞亞亞亞 洲洲洲洲 聯聯聯聯 網網網網 科科科科 技技技技 有有有有 限限限限 公公公公 司司司司 （於百慕達註冊成立之有限公司） （（（（股股股股份份份份代代代代號號號號：：：：679）））） 截截截截至至至至二二二二零零零零二二二二二二二二年年年年十十十十二二二二月月月月三三三三十十十十一一一一日日日日止止止止年年年年度度度度之之之之全全全全年年年年業業業業績績績績公公公公佈佈佈佈 亞洲聯網科技有限公司 (「本公司」) 董事會 (「董事會」) 公佈本公司及其附屬公司 (「本集 團」) 截至二零二二年十二月三十一日止年度 (「回顧期內」) 之經審核綜合業績，連同上年 之比較數字如下：－ 綜綜綜綜合合合合損損損損益益益益及及及及其其其其他他他他全全全全面面面面收收收收益益益益表表表表 截至二零二二年十二 ...