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].

Financial Performance - The total revenue for the group in 2023 reached HKD 62,197,300, reflecting a 12.1% increase compared to HKD 55,502,300 in 2022[53]. - For the fiscal year ending December 31, 2023, the company reported total revenue of HKD 393,328,000, an increase from HKD 319,673,000 in 2022, representing a growth of approximately 23%[104]. - The gross profit for the year was HKD 75,494,000, significantly up from HKD 29,663,000 in the previous year, indicating a gross margin improvement[104]. - The company achieved a net profit of HKD 304,102,000 for the year, compared to a net loss of HKD 32,816,000 in 2022, marking a substantial turnaround[104]. - Total comprehensive income for the year was HKD 296,607,000, compared to a loss of HKD 88,142,000 in the prior year, reflecting a positive shift in overall financial performance[100]. - The company reported a basic earnings per share of HKD 0.77, a significant improvement from a loss per share of HKD 0.08 in the previous year[100]. - The company recorded a profit attributable to shareholders of approximately HKD 304,179,000 for the year ended December 31, 2023, a significant increase compared to a loss of HKD 32,727,000 for the year ended December 31, 2022[146]. - The profit before tax for 2023 was HKD 415,128,000, compared to a loss of HKD 4,195,000 in 2022[113]. - The company reported a segment profit of HKD 12,489,000 in 2023, recovering from a loss of HKD 51,667,000 in 2022[113]. Assets and Liabilities - The company's total assets increased to HKD 1,500,935,000, up from HKD 1,286,372,000 in 2022, indicating strong asset growth[101]. - The group’s accounts payable and accrued expenses amounted to HKD 188,185,000, a decrease of approximately HKD 21,060,000 from the previous period[16]. - The group has provided guarantees of approximately HKD 1,034,100,000 for its subsidiaries' bank credit, significantly up from HKD 345,000,000 as of December 31, 2022[43]. - The total outstanding deferred consideration as of December 31, 2023, was RMB 1,550,000,000, equivalent to approximately HKD 31 billion, to be paid in six installments[140]. Expenses - Administrative expenses for the period were approximately HKD 94,794,000, a decrease from HKD 85,795,000 in the previous period, primarily due to cost control efforts and layoffs[2][3]. - The company recorded a decrease in administrative expenses to HKD 94,794,000 from HKD 108,185,000, indicating improved cost management[104]. - Sales and distribution costs increased by 27.9% compared to the previous period, primarily due to increased sales activities during the post-pandemic recovery[185]. - Interest expenses related to performance-related incentive provisions were approximately HKD 1,918,000, down from HKD 4,328,000 in the previous period[189]. Investments - The fair value of the group's investment in China Mobile amounted to HKD 175,700,000, with an unrealized fair value gain of approximately HKD 26,100,000 during the year[13][14]. - The group holds 2,000,000 shares in China Mobile, representing about 0.01% of its issued shares, contributing to stable income[14]. - The fair value of investment properties as of December 31, 2023, is HKD 779.7 million, classified as investment properties[62]. - The company acquired several retail stores and offices in Longhua, China, and various office units and parking lots in Hong Kong as part of its investment properties[178]. - The company recognized a net fair value gain of approximately HKD 28,459,000 on investment properties, with no such gain reported in the previous year[150]. Market and Growth - The fastest-growing market in 2023 was Mexico, with light vehicle sales increasing by 25% to 1.36 million units[22]. - The group has completed multiple projects in Mexico during the review period, indicating market expansion efforts[22]. - Revenue composition by region showed that China accounted for 42.3% (down from 74.6% last year), South Korea 14.4% (up from 4.3%), and Mexico 13.6% (up from 5.0%) among others[148]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[104]. Financing - As of December 31, 2023, the group had drawn loans of approximately HKD 37,000,000, with an average effective interest rate of 5.77%, up from 5.14% in the previous period[9]. - The group has available bank credit of approximately HKD 102,300,000 for the electroplating equipment division, unchanged from December 31, 2022, with no financing drawn down[40]. - The group has utilized approximately HKD 31,628,000 of bank financing for investment properties, compared to none as of December 31, 2022[41]. - The group provided unsecured revolving loan financing of HKD 80,000,000 under the 2022 loan financing agreement, with interest based on the Hong Kong Shanghai Banking Corporation's published best lending rate[192]. Governance and Compliance - The company has adopted the corporate governance code and confirmed compliance with the standards set forth during the fiscal year ending December 31, 2023[80]. - The audit committee has reviewed the financial statements for the fiscal year ending December 31, 2022, and the interim results for the six months ending June 30, 2023[74]. - The upcoming annual general meeting is scheduled for June 24, 2024, with announcements to be made in accordance with listing rules[75]. - The company has received independent shareholder approval for the 2022 loan financing agreement, which constitutes a continuing connected transaction under the listing rules[66]. Other Income and Losses - The company recognized other income of HKD 92,333,000 in 2023, up from HKD 87,574,000 in 2022[113]. - Other income amounted to approximately HKD 93,919,000, primarily from interest and fees generated from receivables[154]. - The group incurred tax expenses of approximately HKD 111,026,000[190]. - The expected credit loss model recognized a net impairment loss of approximately HKD 9,608,000 as of December 31, 2023, compared to HKD 5,433,000 in 2022[142].

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 ...

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 ...