Financial Performance - The company recorded a profit attributable to owners of approximately HKD 12,913,000 for the period ended June 30, 2022, a decrease from HKD 84,223,000 for the same period last year, primarily due to a reduction in gross profit and interest income from deferred consideration[21]. - Basic earnings per share for the review period were HKD 0.0303, compared to HKD 0.1975 for the previous period[22]. - Revenue for the review period was approximately HKD 166,925,000, representing a decrease of 3.6% compared to the previous year, with 85.0% of revenue coming from the printed circuit board business[24]. - Gross margin decreased to 4.9%, down from approximately 15.5% in the previous year, due to pricing pressure and inflation[25]. - The company reported a net loss from foreign exchange of approximately HKD 26,839,000, compared to HKD 2,594,000 in the previous year, primarily due to the depreciation of the Renminbi[29]. - The company experienced a decrease in gross profit of approximately HKD 18,653,000, from HKD 26,890,000 in the previous year to HKD 8,237,000 in the review period[21]. - The company reported a net fair value loss of approximately HKD 9,894,000 on investments measured at fair value through profit or loss, compared to a gain of HKD 4,449,000 in the previous year[26]. - The company reported a loss of HKD 16,955,000 in other income or losses, compared to a gain of HKD 1,811,000 in the previous year[135]. - Profit before tax decreased to HKD 30,835,000, down 73.0% from HKD 114,341,000 in the prior year[135]. - Net profit for the period was HKD 12,908,000, a decline of 84.7% compared to HKD 84,197,000 in 2021[135]. - Total comprehensive income for the period was a loss of HKD 12,829,000, compared to a gain of HKD 109,561,000 in the previous year[138]. Revenue Breakdown - The geographical breakdown of revenue showed that China accounted for 83.4%, the United States 5.6%, South Korea 2.3%, Taiwan 2.0%, and other global regions 6.7%[24]. - Revenue from the printed circuit board (PCB) business increased by 7.6% to HKD 113.274 million, driven primarily by shipments to China, which accounted for 91.7% of total revenue[70]. - Surface treatment business revenue decreased by 37.9% to approximately HKD 19.963 million, with 53.0% of shipments directed to China[72]. - Revenue from customized electroplating machinery and other industrial machinery contracts was HKD 133,237,000, down from HKD 137,420,000 year-on-year[167]. - Revenue from parts sales of electroplating machinery increased to HKD 6,374,000 from HKD 3,542,000, showing a growth of 80.5%[167]. - The geographical revenue breakdown shows significant growth in China, with revenue rising to HKD 139,296,000 from HKD 82,267,000, an increase of 69.2%[171]. Expenses and Losses - The company indicated an increase in expected credit loss provisions by approximately HKD 35,403,000 during the review period[21]. - Expected credit loss under the impairment model for deferred consideration was HKD 45,150,000, compared to HKD 8,634,000 in the previous period[51]. - The company recognized an expected credit loss of approximately HKD 45,150,000 for the six months ending June 30, 2022, compared to HKD 8,634,000 for the same period in 2021[190]. - The company incurred a tax expense of HKD 3,728,000 for the six months ended June 30, 2022, compared to HKD 76,162,000 in the previous year[178]. - Deferred tax expense for the period was HKD 14,199,000, compared to a tax credit of HKD 46,018,000 in the previous year[178]. Cash Flow and Assets - The company reported a net cash outflow from operating activities of HKD 7,387,000 for the six months ended June 30, 2022, compared to an outflow of HKD 32,666,000 in the same period last year[154]. - Cash and cash equivalents at the end of the period were HKD 321,761,000, a decrease from HKD 1,154,647,000 at the end of the previous year[156]. - The company generated cash inflow from financing activities of HKD 54,396,000, compared to an outflow of HKD 4,407,000 in the previous year[156]. - The company reported a significant decrease in cash flow from investment activities, with a net cash outflow of HKD 382,755,000 due to fair value investments[154]. - The company's total assets decreased to HKD 1,242,720,000 from HKD 1,781,284,000 at the end of 2021[147]. - The company's equity attributable to owners decreased to HKD 1,297,798,000 from HKD 1,319,202,000 at the end of 2021[150]. Investments and Financing - The company has invested in various debt instruments and listed securities to improve the average return rate of its funds[83]. - The company’s investment portfolio primarily consists of blue-chip companies, with over 50% of the fair value of investments attributed to a leading telecommunications service provider in China[198]. - The company anticipates that the majority of its investments will be realized within the next twelve months, classifying them as current assets[198]. - The company has received a guarantee of HKD 200,000,000 from a related party for the repayment of debts, which is included in the financial statements as of December 31, 2021, and June 30, 2022[187]. - The group provided an unsecured revolving loan of HKD 130 million to Gao Xin Financial Group, with an average interest rate of 5% per annum[59]. - The company’s loan receivables as of June 30, 2022, totaled HKD 44,151,000, a decrease from HKD 56,837,000 as of December 31, 2021[194]. Corporate Governance - The company has complied with the corporate governance code, with some deviations regarding the roles of the chairman and CEO[109]. - The chairman and CEO roles are currently held by the same individual, which the board believes enhances leadership effectiveness[114]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[116]. - The remuneration committee is responsible for establishing executive director remuneration policies and evaluating their performance[120]. - The nomination committee regularly reviews the board's structure and composition, making recommendations for changes to assist in overall strategy formulation[121]. - The company’s chairman or managing director is not required to retire by rotation, which deviates from the corporate governance code[115]. Dividends and Shareholder Information - The company announced an interim dividend of HKD 0.01 per share for the six months ending June 30, 2022, consistent with the previous year[98]. - The company declared a final dividend of HKD 0.02 per share for the year ending December 31, 2021, totaling approximately HKD 8,529,000, and an interim dividend of HKD 0.01 per share for the six months ending June 30, 2022, amounting to about HKD 4,265,000[183][185]. - Major shareholders include Medusa with 48,520,666 shares (11.38%), J & A with 19,400,000 shares (4.55%), and 佳帆 with 201,995,834 shares (47.37%) as of June 30, 2022[105].

Financial Performance - The company recorded a profit attributable to owners of approximately HKD 838,547,000 for the year ended December 31, 2021, compared to HKD 138,772,000 for the previous year, indicating a significant increase [11]. - Revenue for the year increased by approximately HKD 364,634,000 or 8.8% compared to the previous year, with 77.4% of revenue coming from the printed circuit board business and 22.6% from surface treatment [13]. - Gross profit margin decreased to 10.1% from approximately 17.2% in the previous year due to customer price pressures and increased material costs from inflation [14]. - The company reported a basic loss per share of HKD 1.97 for the year, compared to a basic profit per share of HKD 0.33 in the previous year [12]. - The group recorded a net loss of approximately HK$787,338,000 related to the Longhua project, compared to a net profit of HK$182,788,000 in the previous year [38]. - The net tax payable was approximately HK$241,634,000, significantly higher than HK$102,518,000 in the previous year, due to a pre-tax loss of approximately HK$1,028,253,000 from the Longhua project [35]. Revenue Composition - The revenue composition by region showed that China accounted for 60.3%, Taiwan 12.4%, the United States 11.4%, and other regions contributed the remaining percentage [13]. - In 2021, 43.7% of the company's revenue was generated from sales to China, with over 55% of orders expected to be shipped to China in 2022 [63]. - The revenue from the printed circuit board business decreased by 2.3% to HK$211,856,000, with 61.7% of sales to China and 14.3% to Taiwan [55]. - The surface treatment business revenue increased by 12.6% to approximately HK$61,998,000, with 43.7% of sales to China [60]. Investment and Financing - The company’s investments included various listed securities in Hong Kong, with total fair value accounting for 1.43% of total assets as of December 31, 2021 [17]. - The group provided unsecured revolving loan financing of HK$130,000,000 under the 2019 loan financing agreement [20]. - The group provided unsecured revolving loan financing of HK$130,000,000 under the 2019 loan financing agreement, with an average effective interest rate of 5% [42]. - As of December 31, 2021, the group had drawn approximately HK$36,000,000 from the loan, compared to HK$55,500,000 in 2020 [42]. - Interest income from loans to independent third parties ranged from 2.2% to 8.0%, generating approximately HK$1,318,000 in the review period, up from HK$787,000 in the previous year [43]. Operational Challenges - The company is facing delays in receiving payments from its project company due to its clients' (real estate developers) outstanding debts, with a delayed payment of 800 million RMB [68]. - The company has noted a slow sales process for remaining office and retail units in the Longhua project due to a calm market [67]. - The company faces challenges in maintaining reasonable product costs and meeting delivery deadlines in the coming year [66]. - The group experienced a decline in gross profit margin due to increased sales costs from currency appreciation and inflation [59]. Corporate Governance - The company emphasizes high standards of corporate governance, focusing on integrity, transparency, and independence [183]. - The board consists of two executive directors and three independent non-executive directors, ensuring a diverse range of expertise and experience [193]. - The board held four meetings during the review period, with all directors attending 100% of the meetings [196]. - The company has complied with listing rules regarding the appointment of independent non-executive directors, ensuring at least one has appropriate professional qualifications [193]. - The board's role includes ensuring good corporate governance and compliance with relevant codes [193]. Future Outlook - The automotive sales outlook for 2022 is optimistic, although semiconductor supply chain shortages may limit supply rather than demand [64]. - The company anticipates a slight growth in the global economy for 2022, but acknowledges significant uncertainty and volatility due to factors like the Omicron variant and the Russia-Ukraine war [66]. - The company expects to receive 800 million RMB in 2022 and 750 million RMB in 2023 as part of the Longhua project payment schedule [68]. Risk Management - The company has established a risk management strategy to monitor and maintain sufficient cash and cash equivalents for operational needs [123]. - The company faces foreign currency risk due to most of its assets and liabilities being denominated in USD, HKD, EUR, and RMB [124]. - The company has implemented credit limits for individual customers to mitigate credit risk, reviewing financial statuses and credit histories regularly [120]. Employee and Compensation - The total employee compensation for the review period was approximately HKD 85,633,000, down from HKD 135,152,000 in the previous year [96]. - The company employed a total of 455 employees as of December 31, 2021, down from 492 the previous year [96]. Shareholder Information - Major shareholders include Jia Fan with 201,995,834 shares (47.37%) and Medusa with 48,520,666 shares (11.38%) of the company [160]. - The company had reserves available for distribution to shareholders amounting to approximately HKD 147.83 million, including retained earnings of about HKD 69.38 million [133]. - The board proposed a final dividend of HKD 0.02 per share for the review period, consistent with the previous year [101].

亞 洲聯 網 科 技 有限公司 Asia Tele-Net and Technology Corporation Limited (於百慕進註冊成立之有限公司) (股份代號 : 0679) 中期報告 2021 目錄 公司資料 2 管理層討論及分析 3 其他資料 21 簡明綜合財務審閱報告 27 簡明綜合損益及其他全面收益表 29 簡明綜合財務狀況表 31 簡明綜合權益變動表 33 簡明綜合現金流量表 34 簡明綜合財務報表附註 36 1 亞洲聯網科技有限公司 I 2021 中期報告 | --- | --- | |-----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------| | 公司資料 | | | 董事會 | 主要往來銀行 | | 藍國慶 M.H., J.P. （主 ...

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) 年度報告 2020 目 頁次 公司资料 2 3 23 26 38 52 ୧୫ 59 61 62 64 138 錄 主席報告及管理層討論與分析 | --- | |--------------------------| | | | | | 董事及高層管理人員簡介 | | 董事會報告 | | 企業管治報告 | | 獨立核數師報告 | | 綜合損益及其他全面收益表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 綜合財務報表附註 | | 財務概要 | 公司資料 | --- | --- | |-----------------------------------|---------------------------------------------| | | | | 董事曾 | 主要往來銀行 | | 藍國慶 M.H., J.P. | 香港上海滙豐銀行有限公司 | | (主席兼 ...

亞洲聯網科技 有 限 公 司 Asia Tele-Net and Technology Corporation Limited (於百慕娃註冊成立之有限公司) (股份代號:0679) 中期報告 2020 目錄 | --- | --- | |------------------------------|-------| | | | | 公司資料 | 2 | | | | | 管理層討論及分析 | 3 | | 其他資料 | 26 | | 簡明綜合財務審閱報告 | 32 | | 簡明綜合損益及其他全面收益表 | 34 | | 簡明綜合財務狀況表 | 36 | | 簡明綜合權益變動表 | 38 | | 簡明綜合現金流量表 | 39 | | 簡明綜合財務報表附註 | 41 | 1 亞洲聯網科技有限公司 I 2020 中期報告 | --- | --- | |---------------------------------------------------------------------------------------------------------------------|----------------- ...

亞洲聯網科技 有 限 公 司 Asia Tele-Net and Technology Corporation Limited (於百慕逵註冊成立之有限公司) (股份代號 : 0679) 2019 年度報告 8 100 目錄 頁次 公司資料2 主席報告及管理層討論與分析3 | --- | |--------------------------| | | | | | 董事及高層管理人員簡介 | | 董事會報告 | | 企業管治報告 | | 獨立核數師報告 | | 綜合損益及其他全面收益表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 綜合財務報表附註 | | 財務概要 | 23 26 38 52 58 59 61 62 64 146 公司資料 | --- | --- | |-------------------------------------------------|--------------------------------------| | 董事會 | 註冊辦事處 | | 藍國慶 M.H., J.P. | Clarendon House | | （主席兼董事總經理） ...

Financial Performance - The company recorded a profit attributable to owners of approximately HKD 112,607,000 for the period ended June 30, 2019, compared to HKD 71,872,000 for the same period last year, representing an increase of 56.8%[15]. - Revenue for the period was approximately HKD 209,171,000, an increase of 8.3% compared to the previous year, primarily due to higher sales of high-end communication equipment and automobiles[17]. - Basic earnings per share for the review period were HKD 0.264, compared to HKD 0.1685 for the same period last year, indicating a significant increase[16]. - Profit before tax increased to HKD 154,268,000, up 45.2% from HKD 106,229,000 in the previous year[128]. - Net profit for the period was HKD 112,740,000, compared to HKD 71,829,000 in 2018, reflecting a growth of 56.9%[128]. Revenue Composition - Approximately 66.8% of revenue came from the printed circuit board business, while 33.2% came from surface treatment, showing a shift in revenue composition[17]. - The company’s revenue composition by installation location included 49.6% from China, 17.8% from Mexico, and 15.0% from Taiwan, indicating a diverse geographical revenue base[17]. - Revenue from the electroplating equipment business increased from HKD 108,975,000 to HKD 114,842,000, a growth of 5.4%[59]. - The surface treatment business revenue surged by 210.6% from approximately HKD 18,337,000 to about HKD 56,953,000[64]. - Revenue from external customers in China (excluding Hong Kong) was HKD 103,709 thousand, a decrease from HKD 113,968 thousand in the previous year[198]. - The company recorded revenue from Mexico of HKD 37,188 thousand, significantly up from HKD 1,180 thousand in the previous year, indicating a growth of over 3,000%[198]. Cost and Expenses - The gross profit margin improved from 20.4% in the previous year to 24.1% during the review period, reflecting efforts to enhance production efficiency and control costs[19]. - Administrative expenses decreased by 6.8% to approximately HKD 47,558,000, compared to HKD 51,027,000 in the previous year, due to ongoing cost control measures[26]. - Tax expenses for the period were approximately HKD 41,528,000, up from HKD 34,400,000 in the previous year, primarily due to increased taxable income from subsidiaries in China and Taiwan[31]. Cash Flow and Assets - The company reported a cash balance of approximately HKD 140,197,000 as of June 30, 2019, down from HKD 144,792,000 as of December 31, 2018[85]. - The net cash used in operating activities was HKD (4,596,000), compared to HKD 13,469,000 generated in the previous year, showing a significant decline[152]. - Total assets as of June 30, 2019, amounted to HKD 1,272,930,000, an increase from HKD 796,630,000 at the end of 2018[134]. - The company's current liabilities decreased to HKD 196,650,000 from HKD 216,882,000, representing a reduction of approximately 9.9%[136]. - The net current assets increased significantly to HKD 1,076,280,000 from HKD 579,748,000, marking an increase of approximately 85.7%[136]. Investments and Liabilities - The unrealized fair value loss on trading investments amounted to approximately HKD 2,384,000, an increase from HKD 7,285,000 in the previous period[34]. - Deferred tax liabilities recorded were approximately HKD 394,801,000, related to expected tax expenses from the Longhua project[57]. - The company assessed that the credit risk for receivables had not significantly increased since initial recognition, resulting in no adjustment to impairment provisions during the review period[42]. Corporate Governance - The audit committee has reviewed the financial statements for the six months ending June 30, 2019, with no significant issues reported[112]. - The company has maintained compliance with the corporate governance code, with some deviations noted regarding the roles of the chairman and CEO[107]. - The remuneration committee is responsible for setting executive compensation policies and evaluating the performance of executive directors[114]. - The nomination committee regularly reviews the board's structure and composition to ensure effective governance[115]. - The company has three independent non-executive directors on the board, ensuring adequate oversight and protection of shareholder interests[110]. Future Outlook - The company anticipates that full-year revenue will be very close to that of 2018, reflecting low capital investment sentiment among customers[69]. - The company plans to continue efforts in sales expansion, customer base growth, cost control, and production efficiency improvement[70]. - The company is actively searching for a suitable long-term production base in the Shenzhen area, with the current short-term lease expiring in December 2020[82].

Financial Performance - The company recorded a profit attributable to owners of approximately HKD 84,513,000 for the year ended December 31, 2018, a decrease of about 59.7% compared to HKD 209,483,000 for the previous year[12]. - Revenue for the year was approximately HKD 342,750,000, representing a decline of about 57.2% from the previous year, primarily due to decreased sales of high-end communication equipment and automobiles[14]. - The basic earnings per share for the year were HKD 0.20, compared to HKD 0.49 in the previous year[13]. - The company reported a net unrealized fair value loss of approximately HKD 19,101,000 from trading investments, a significant increase from a gain of HKD 754,000 in the previous year[21]. - Other income and losses amounted to approximately HKD 46,290,000, including net foreign exchange gains of HKD 8,198,000, compared to a loss of HKD 8,986,000 in the previous year[20]. - Tax expenses were approximately HKD 51,938,000, down from HKD 70,504,000 in the previous period, correlating with a decrease in pre-tax revenue from the Longhua project, which was HKD 202,041,000 compared to HKD 293,697,000 last year[50]. - The company recorded a foreign exchange difference of approximately HKD 61,329,000 due to RMB depreciation and revaluation of deferred consideration and related deferred tax liabilities[51]. - The overall financial performance of the group is based on the after-tax profit attributable to the owners of the company[43]. Revenue Breakdown - Approximately 77.2% of revenue came from the printed circuit board business, while 22.8% came from surface treatment, compared to 83.7% and 16.3% respectively in the previous year[14]. - Geographically, China accounted for 59.6% of revenue, up from 46.7% in the previous year, while Taiwan contributed 20.2%, down from 30.2%[14]. - Revenue from the electroplating equipment business dropped significantly by 72.2%, from HKD 585,982,000 to HKD 162,182,000, with 51.7% of sales directed to China[67]. - Surface treatment business revenue decreased by 57.8% from approximately HKD 113.7 million to approximately HKD 48.0 million[76]. - 69.5% of the surface treatment business revenue was shipped to China, up from 64.9% in the previous year[76]. Cost and Expenses - The average gross profit margin improved from 12.9% in the previous year to 16.9% in the current year, attributed to the completion of higher-margin projects and reduced costs related to technical issues with new plating equipment[15]. - Sales and distribution costs were approximately HKD 17,738,000, which decreased by 11.1% compared to the previous year, mainly due to reduced labor costs[39]. - Administrative expenses were approximately HKD 104,540,000, reflecting a 1.0% increase from the previous year, attributed to a decrease in performance-related provisions and increased general expenses[42]. - The total employee compensation for the year was approximately HKD 132,994,000, slightly down from HKD 134,153,000 in the previous year[111]. Market Conditions - The market for high-end smartphones faced a slowdown in demand, impacting the company's order intake and production capacity utilization[68]. - The trade war has negatively impacted clients, particularly in the automotive sector, with 60% of surveyed companies reporting reduced profits and increased manufacturing costs due to tariffs[76]. - German automotive exports declined by 20% year-on-year, raising concerns about the impact of trade tensions on demand[80]. - The company anticipates weak and stagnant sales in the PCB equipment sector driven by mobile phones and automotive electronics in 2019[81]. Strategic Plans - The company plans to continue focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[12]. - The company plans to accelerate product development in flexible PCB technology and enhance after-sales services to compensate for potential losses in equipment sales[81]. - The company aims to leverage its proprietary brand "PAL" to apply electroplating technology across various sectors, promoting synchronized growth across its business divisions[98]. Shareholder Information - The company did not recommend any final dividend for the year ended December 31, 2018, consistent with the previous year[113]. - The company's reserves available for distribution to shareholders as of December 31, 2018, were approximately HKD 31,313,000, with accumulated losses of about HKD 47,134,000[149]. - The company does not recommend the payment of dividends for the fiscal year ending December 31, 2018[143]. Risk Management - The company faces significant risks including economic conditions affecting consumer confidence, which could negatively impact sales and performance in key markets such as Taiwan, the US, and Europe[134]. - The company has established credit limits for individual customers to mitigate credit risk, reviewing each customer's financial status and credit history[135]. - The company maintains a focus on managing liquidity risk by monitoring cash and cash equivalents to meet operational needs[139]. - The company has a significant exposure to foreign currency risk due to most assets and liabilities being denominated in USD, HKD, EUR, and RMB[140]. Corporate Governance - The company has not entered into any significant transactions during the review period, aside from the aforementioned supplementary agreements[97]. - The company is currently under no negotiations or agreements regarding any potential acquisitions or disposals that require disclosure[99]. - The independent auditor found no issues that would lead them to believe that the related party transactions exceeded the company's established limits[179].