Financial Performance - For the year ended March 31, 2024, the Group's revenue increased by 17.3% to HK$484.8 million compared to HK$413.3 million in 2023[10] - The gross profit for the year was HK$39.5 million, representing a significant increase of 136.3% from HK$16.7 million in the previous year[10] - The consolidated net loss for the year was HK$69.1 million, an increase of 11.4% from HK$62.1 million in 2023[10] - Basic loss per share for the year was HK20.8 cents, compared to HK18.6 cents in 2023, reflecting an 11.8% increase in loss per share[10] - Net loss for the year was HK$69.1 million, with the net loss margin improving from -15.0% to -14.3% compared to the previous year[29] - The retained profit available for distribution to shareholders as of March 31, 2024, was HK$261,371,000, down from HK$301,576,000 in 2023[131] Dividends - The Group plans to recommend a final dividend of HK2 cents and a special dividend of HK13 cents, resulting in a total dividend of HK30 cents per share for the year[13] - An interim dividend of HK2 cents per ordinary share and an interim special dividend of HK13 cents per ordinary share were paid, totaling HK$49,958,000[116] Operational Efficiency - Inventory turnover days improved to 32 days from 63 days, a reduction of 31 days[11] - Trade receivables turnover days increased to 69 days from 64 days, an increase of 5 days[11] - Selling and distribution expenses decreased by 14% to HK$14.0 million, and as a percentage of sales turnover, these expenses fell from 4.0% to 2.9%[22] - Administrative expenses decreased by 10% to HK$73.2 million, with the percentage of sales turnover declining from 19.7% to 15.1%[22] - The Group plans to enhance efficiency and reduce costs through operational streamlining and the introduction of more automation systems[39] Financial Stability - The gearing ratio decreased to 1.2% from 1.6%, indicating improved financial stability[11] - Total borrowings as of March 31, 2024, were HK$10.7 million, a decrease from HK$15.8 million in 2023, resulting in a gearing ratio of 1.2%, down from 1.6%[38] - As of March 31, 2024, the Group held cash and bank deposits of HK$479.3 million, down from HK$554.3 million in 2023, reflecting a decrease of 13.5%[38] Business Outlook - The business outlook remains uncertain due to ongoing geopolitical tensions and sluggish consumer sentiment, with expectations of a challenging environment[30] - The Group plans to seek growth opportunities through new customers, new product categories, and online sales channels in mainland China[39] Assets and Liabilities - Total assets as of March 31, 2024 were HK$1,092.4 million, financed by current liabilities of HK$183.9 million and long-term liabilities of HK$37.5 million[37] - The total assets of the Group as of March 31, 2024, were HK$1.0924 billion, down from HK$1.2489 billion in 2023[41] Shareholding Structure - As of March 31, 2024, Mr. Cheung holds personal interest in 46,779,335 shares, while The Cheung Lun Family Trust has interest in 154,349,960 shares[61] - Ms. Cheung has personal interest in 1,258,000 shares, with The Cheung Lun Family Trust also holding 154,349,960 shares[67] - Dr. Cheung possesses personal interest in 900,000 shares, alongside The Cheung Lun Family Trust's interest in 154,349,960 shares[70] - As of March 31, 2024, Mr. Cheung Shu Wan holds 46,779,335 ordinary shares, representing approximately 60.39% of the issued share capital of the company[145] - Ms. Cheung Lai Chun holds 600,000 ordinary shares, with a total of 154,949,960 shares when including trust interests, representing approximately 46.52% of the issued share capital[145] - Ms. Cheung Lai See holds 1,258,000 ordinary shares, totaling 155,607,960 shares with trust interests, representing approximately 46.72% of the issued share capital[145] - Dr. Cheung Shu Sang holds 900,000 ordinary shares, with a total of 155,249,960 shares including trust interests, representing approximately 46.61% of the issued share capital[145] Governance and Management - The Group's management structure includes family members, which may influence strategic decision-making and operational efficiency[64] - The Company has a diverse board with independent non-executive directors, enhancing governance and oversight[74] - The Group's financial and administrative functions are overseen by experienced executives, ensuring robust financial management[62] - The Company aims to comply with the Corporate Governance Code and has applied most of its provisions throughout the year[198] Compliance and Recognition - The Group has maintained compliance with applicable laws and regulations, with no material breaches reported for the year ended March 31, 2024[113] - The Group has been recognized as a "Caring Company" since 2007 and received the "Happy Company Award" since 2014 for its commitment to employee welfare[106] Research and Development - The Company is actively involved in engineering, research, and development functions, indicating a focus on innovation and intellectual property management[68] - The Group's commitment to research and development suggests a proactive approach to new product and technology development[68] Employee and Director Remuneration - The emoluments of directors and senior management are determined by the Board based on market rates and individual contributions[171] - Employee remuneration packages are structured based on market conditions and individual performance, including benefits like medical insurance and training subsidies[170]

Dividend Distribution - The proposed special dividend is set to be distributed on September 20, 2024, to shareholders listed on August 30, 2024[2] - Shareholders must submit their share transfer documents by 4:30 PM on August 27, 2024, to qualify for the proposed special dividend[2] - The company will suspend share transfer procedures from August 28 to August 30, 2024, inclusive[2] - The special dividend proposal is subject to approval at the upcoming annual general meeting[2] - The financial year ending March 31, 2024, is highlighted for the eligibility of the proposed special dividend[6] Company Leadership - The board of directors includes key executives such as the chairman and managing director, indicating strong leadership continuity[7] Financial Performance and Transparency - The announcement is part of the company's end-of-year performance report, reflecting ongoing financial commitments[6] - The company maintains its commitment to transparency by supplementing its performance announcements[6] - The company emphasizes its adherence to regulatory requirements in the announcement process[1] Operational Framework - The company is registered in Bermuda, indicating its international operational framework[8]

Financial Performance - The group's total revenue for the year ended March 31, 2024, was HKD 484,763,000, an increase from HKD 413,332,000 in the previous year, representing a growth of approximately 17.2%[24] - The gross profit for the year was HKD 39,534,000, compared to HKD 16,727,000 in the previous year, indicating a significant improvement in profitability[24] - The group reported a loss attributable to shareholders of HKD 69,131,000 for the year, compared to a loss of HKD 62,053,000 in the previous year, reflecting a deterioration in financial performance[24] - The group’s operating loss before tax was HKD 72,123,000, compared to a loss of HKD 60,705,000 in the previous year, showing an increase in operational challenges[24] - The consolidated net loss for the fiscal year was HKD 69.1 million, up from HKD 62.1 million in 2023, resulting in a loss per share of HKD 0.208, compared to HKD 0.186 in the previous year[102] - For the year ended March 31, 2024, the company reported a net loss of HKD 69.1 million, compared to a net loss of HKD 62.1 million for the previous year, with a net loss margin improving from 15.0% to 14.3%[121] Assets and Liabilities - The total assets of the group as of March 31, 2024, were HKD 1,092,361,000, down from HKD 1,248,881,000 in the previous year, indicating a decrease of approximately 12.5%[18] - Non-current liabilities decreased from HKD 47,509,000 to HKD 37,498,000, a reduction of approximately 21.2%[26] - Net asset value declined from HKD 1,007,339,000 to HKD 871,007,000, representing a decrease of about 13.5%[26] - Total assets less current liabilities decreased from HKD 1,054,848,000 to HKD 908,505,000, a decline of approximately 13.9%[36] - The company’s total liabilities decreased to HKD 221,354,000 in 2024 from HKD 241,542,000 in 2023, a reduction of about 8%[50] Revenue Segmentation - The group’s revenue from the Americas was HKD 323,692,000, which was the largest segment, while Europe and Asia contributed HKD 116,175,000 and HKD 36,819,000 respectively[17] - The group's sales revenue increased by 17% to HKD 484.8 million, with sales in the Americas rising by 33% to HKD 323.7 million, accounting for 66% of total sales[77] - Sales in Europe increased by 29% to HKD 116.2 million, representing 24% of total sales, while sales in Asia decreased by 47% to HKD 36.8 million, making up 8% of total sales[77] Cash Flow and Liquidity - The group’s cash and cash equivalents as of March 31, 2024, were HKD 174,556,000, down from HKD 186,575,000 in the previous year, indicating a liquidity contraction[18] - As of March 31, 2024, the group held cash and bank deposits of HKD 479.3 million, down from HKD 554.3 million in the previous year[83] - The net cash outflow from operating activities was HKD 38.4 million, compared to a net inflow of HKD 54.1 million in the previous year[83] Cost Management - The group implemented strict cost control measures, reducing sales and distribution expenses by 14% to HKD 14 million, with the percentage of sales and distribution expenses to sales revenue decreasing from 4.0% to 2.9%[78] - Administrative expenses decreased by 10% to HKD 73.2 million, with the percentage of administrative expenses to sales revenue dropping from 19.7% to 15.1%[78] - The company plans to enhance efficiency and reduce costs through continuous improvement, supply chain management, and the introduction of more automated systems[108] Investment Properties - The group’s investment properties recorded a fair value loss of HKD 69,143,000 during the year, highlighting challenges in the real estate market[24] - The fair value of investment properties decreased by HKD 44 million to HKD 236 million as of March 31, 2024[79] - The group made an impairment provision of approximately HKD 24.9 million for properties, plants, and equipment due to indications of impairment[80] Employee and Operational Metrics - Employee costs increased to HKD 159.6 million from HKD 139.9 million in 2023, reflecting higher salaries and benefits[93] - The company employed approximately 1,560 employees as of March 31, 2024, compared to 1,540 employees the previous year[126] Dividends - The proposed interim dividend for the year is HKD 0.02 per share, reflecting the company's commitment to returning value to shareholders despite the losses[7] - The company proposed a final dividend of HKD 0.02 per share and a special dividend of HKD 0.13 per share, totaling HKD 66.61 million and HKD 43.30 million respectively, marking a return to dividend payments after no dividends in 2023[94] - The company has not declared any interim dividends for 2023, maintaining a focus on financial recovery[69] Government Assistance - The group recognized government assistance and tax refunds of approximately HKD 5,000,000 during the year, compared to HKD 1,543,000 in the previous year[14] - The company received approximately HKD 5,000 in subsidies from the Chinese government for the year, a significant decrease from the HKD 1.6 million received in the previous year[119]

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 276,401,000, representing a 12.2% increase from HKD 246,388,000 in the same period of 2022[4] - Gross profit increased to HKD 21,271,000, up 48.5% from HKD 14,316,000 year-on-year[4] - The company reported a net loss of HKD 20,831,000 for the period, compared to a loss of HKD 45,480,000 in the previous year, indicating a 54.1% improvement[4] - Total comprehensive expenses for the period amounted to HKD 40,479,000, down from HKD 85,200,000 in the same period last year[6] - Basic loss per share improved to HKD 6.25 cents from HKD 13.65 cents year-on-year[6] - For the six months ended September 30, 2023, the company reported a pre-tax loss of HKD 19,477,000, a significant improvement from a loss of HKD 43,625,000 in the same period last year, representing a reduction of approximately 55.3%[11] - The company reported segment losses of HKD 15,860,000 for the six months ended September 30, 2023, compared to HKD 19,043,000 in the same period last year, indicating an improvement in operational efficiency[18] - Total other income for the six months ended September 30, 2023, was HKD 20,477,000, an increase of 22% compared to HKD 16,754,000 in the same period of 2022[24] - The company reported a loss attributable to owners of the company of HKD 20,831,000 for the six months ended September 30, 2023, a decrease in loss of 54% compared to HKD 45,480,000 in the same period of 2022[27] Cash Flow and Liquidity - The net cash used in operating activities for the six months ended September 30, 2023, was HKD 50,544,000, compared to a net cash generated of HKD 69,199,000 in the prior year, indicating a shift in cash flow dynamics[12] - The company generated a net cash inflow from investing activities of HKD 64,849,000 for the six months ended September 30, 2023, contrasting with a net cash outflow of HKD 107,635,000 in the same period last year[12] - The company’s cash and cash equivalents stood at HKD 170,022,000, down from HKD 186,575,000[8] - The company’s cash and cash equivalents at the end of the period stood at HKD 446,304,000, up from HKD 345,373,000 at the end of the previous year, representing an increase of approximately 29.2%[12] - The group maintained a strong liquidity position with cash and bank deposits of HKD 509.1 million as of September 30, 2023, compared to HKD 554.3 million on March 31, 2023[56] Assets and Liabilities - Trade receivables increased significantly to HKD 153,818,000, up 110.6% from HKD 72,968,000 as of March 31, 2023[8] - Inventory levels rose to HKD 46,007,000, compared to HKD 41,066,000 at the end of the previous reporting period[8] - Current liabilities increased to HKD 234,316,000, up from HKD 194,033,000 as of March 31, 2023[9] - The company's total assets decreased slightly to HKD 1,011,706,000 from HKD 1,054,848,000[9] - Trade receivables for product sales as of September 30, 2023, amounted to HKD 154,254,000, a significant increase from HKD 73,266,000 as of March 31, 2023[38] - Short-term deposits as of September 30, 2023, were HKD 62,783,000, a decrease from HKD 115,632,000 as of March 31, 2023[39] - Trade payables as of September 30, 2023, totaled HKD 91,400,000, an increase from HKD 51,240,000 as of March 31, 2023[40] - As of September 30, 2023, the total assets of the group amounted to HKD 1.246 billion, a slight decrease from HKD 1.249 billion on March 31, 2023[56] - The debt-to-equity ratio as of September 30, 2023, was 1.4%, a slight improvement from 1.6% on March 31, 2023[56] Sales Performance - The group’s sales revenue increased by 12% to HKD 276.4 million for the six months ended September 30, 2023, compared to HKD 246.4 million in the same period last year[49] - European sales revenue rose by 47% to HKD 71.1 million, accounting for 26% of total sales revenue[51] - Sales revenue in the Americas increased by 11% to HKD 179.5 million, representing 65% of total sales revenue[51] - Asian sales revenue decreased by 30% to HKD 22 million, making up 8% of total sales revenue[51] - Other markets saw a 21% decline in sales revenue to HKD 3.8 million, contributing 1% to total sales revenue[51] Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.02 per share for the year 2023, totaling HKD 49,958,000, compared to no dividend declared in 2022[30] - The company declared an interim dividend of HKD 0.02 per share and a special interim dividend of HKD 0.13 per share for the six months ended September 30, 2023[49] - Major shareholders include Credit Suisse Trust Limited with 154,349,960 shares (46.34%) and Unison Associates Limited with 147,779,960 shares (44.37%) [67] - The company did not purchase, sell, or redeem any of its shares during the six months ending September 30, 2023 [71] - The company will suspend share transfer registration from December 13 to December 15, 2023, for entitlement to interim dividends [70] Operational Efficiency - The company plans to complete all received procurement orders within one year, indicating a focus on operational efficiency and timely delivery[17] - Total administrative expenses decreased by 16.9% to HKD 38.4 million, with the percentage of administrative expenses to sales revenue dropping from 18.8% to 13.9%[52] - The management assessed impairment losses of HKD 24,879,000 on certain property, plant, and equipment due to weak customer demand and unfavorable operating conditions[35] - The company recognized a decrease in the fair value of investment properties amounting to HKD 15,660,000 for the six months ended September 30, 2023, compared to an increase of HKD 1,517,000 in the same period of 2022[31] - The group reported a net cash outflow from operating activities of HKD 50.5 million for the six months ended September 30, 2023, compared to a cash inflow of HKD 69.2 million in the same period of 2022[56] - Inventory balance as of September 30, 2023, was HKD 46 million, a decrease of HKD 14.4 million compared to the previous year, with inventory turnover days reduced from 61 days to 31 days[58] - Trade receivables increased to HKD 153.8 million as of September 30, 2023, up HKD 64.1 million year-on-year, with trade receivables turnover days increasing from 66 days to 102 days[58] - Trade payables increased to HKD 91.4 million as of September 30, 2023, up HKD 45.3 million year-on-year, with trade payables turnover days increasing from 36 days to 65 days[58] Employee and Governance - The group employed approximately 1,640 employees as of September 30, 2023, a decrease from 1,680 employees in 2022[61] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules during the reporting period [72] - The audit committee reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and regulations [74] - The company expressed gratitude to employees, shareholders, and business partners for their contributions and support [75] - The group has no significant contingent liabilities as of September 30, 2023[60] - The group plans to seek growth opportunities through new customers and product categories, particularly in the online sales channels in mainland China[55]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ALLAN INTERNATIONAL HOLDINGS LIMITED （亞倫國際集團有限公司）* （於百慕達註冊成立之有限公司） （股份代號：684） 二零二三╱二零二四年度中期業績 業績 亞倫國際集團有限公司（「本公司」）董事會宣佈本公司及其附屬公司（「本集團」）截 至二零二三年九月三十日止六個月未經審核之簡明綜合業績以及二零二二年同 期之比較數字詳列如下： 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 營業額 3 276,401 246,388 銷售成本 (255,130) (232,072) ...

Financial Performance - Revenue decreased by 47.2% to HK$413.33 million, with all markets experiencing declines[28] - Net loss increased by 129.9% to HK$62.05 million, resulting in a net loss margin of -15.0%[8] - Gross profit fell by 67.5% to HK$16.73 million, with gross profit margin decreasing from 6.6% to 4.0%[21][27] - Loss per share rose by 129.6% to HK$18.6[22] - For the year ended 31 March 2023, the Group reported a net loss of HK$62.1 million, worsening from a net loss of HK$27.0 million in 2022, with a net loss margin increasing from 3.4% to 15.0%[34] - Consolidated net loss for the year ended 31 March 2023 was HK$62.1 million, compared to a loss of HK$27.0 million in 2022, with basic loss per share increasing to HK18.6 cents from HK8.1 cents[51] Market Performance - European market sales dropped by 76% to HK$90.20 million, accounting for 22% of total sales[28] - Americas sales decreased by 20% to HK$243.80 million, representing 59% of total sales[28] - Asian market sales fell by 5% to HK$70.00 million, making up 17% of total sales[28] - Sales turnover decreased by 47% to HK$413.3 million, with Europe experiencing the most severe drop of 76% to HK$90.2 million, representing 22% of the Group's sales turnover[53] - Sales turnover to America decreased by 20% to HK$243.8 million, representing 59% of the Group's sales turnover[53] - Sales turnover to Asia decreased by 5% to HK$70.0 million, representing 17% of the Group's sales turnover[53] Expenses and Cost Management - Sales and distribution expenses decreased by 33% to HK$16.30 million, but as a percentage of revenue, it increased to 4.0% from 3.1%[29] - Administrative expenses reduced by 15% to HK$81.50 million, with the percentage of revenue rising to 19.7% from 12.2%[29] - Selling and distribution expenses decreased by 33% to HK$16.3 million, but as a percentage of sales turnover, they increased from 3.1% to 4.0%[54] - Administrative expenses decreased by 15% to HK$81.5 million, with the percentage of sales turnover rising from 12.2% to 19.7%[54] Assets and Liabilities - As of 31 March 2023, total assets were HK$1,248.9 million, down from HK$1,412.6 million in 2022, with shareholders' equity at HK$1,007.3 million, a decrease from HK$1,102.5 million[36] - The Group's total borrowings were HK$15.8 million, with a gearing ratio of 1.6%, down from 1.9% in 2022[36] - Segment assets decreased from HK$1,412,550,000 in 2022 to HK$1,248,881,000 in 2023, representing a decline of approximately 11.6%[122] - Consolidated liabilities reduced from HK$310,003,000 in 2022 to HK$241,542,000 in 2023, a decrease of around 22.1%[126] Cash Flow and Investments - The Group generated a net cash inflow from operating activities of HK$54.1 million for the year ended 31 March 2023, compared to an outflow of HK$32.0 million in 2022[36] - The Group invested HK$4.1 million in capital expenditures for plant and machinery, down from HK$12.9 million in 2022, funded by internal resources and bank loans[65] - The Group's inventories decreased by HK$54.4 million to HK$41.1 million, with inventory turnover days increasing from 47 to 63 days[36] - Trade receivables decreased by HK$92.6 million to HK$73.0 million, with trade receivables turnover days decreasing from 77 to 64 days[36] Corporate Governance and Management - The Company is focused on engineering, research and development, and management of intellectual property/patent applications[47] - The Company is involved in corporate strategic planning and development to enhance its market position[44] - The management team includes experienced professionals with backgrounds in finance, engineering, and management science[46] - The Board held four meetings during the year to ensure effective oversight and governance[164] - The Company is committed to maintaining high standards of corporate governance practices[158] Shareholding and Ownership - As of March 31, 2023, Mr. Cheung had personal interest in 46,779,335 shares and The Cheung Lun Family Trust had interest in 154,349,960 shares of the Company[45] - Ms. Cheung had personal interest in 1,258,000 shares and The Cheung Lun Family Trust had interest in 154,349,960 shares of the Company[47] - Dr. Cheung had personal interest in 900,000 shares and The Cheung Lun Family Trust had interest in 154,349,960 shares of the Company[47] - Credit Suisse Trust Limited holds 154,349,960 shares, representing approximately 46.34% of the company's shareholding[189] - UAL holds 147,779,960 shares, accounting for about 44.37% of the total shares[189] - AICL is a beneficial owner of 134,821,960 shares, which is approximately 40.48% of the company's shares[189] Strategic Focus and Future Plans - The Group plans to focus on stringent cost control and seek growth opportunities through new customers and product categories, particularly in the mainland China market and online sales channels[34] - The Company is exploring new strategies for market expansion and product development to drive future growth[44]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ALLAN INTERNATIONAL HOLDINGS LIMITED （亞倫國際集團有限公司）* （於百慕達註冊成立之有限公司） （股份代號：684） 截至二零二三年三月三十一日止年度末期業績公佈 業績 亞倫國際集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司及其附屬公司 （「本集團」）截至二零二三年三月三十一日止年度經審核之綜合業績及二零二二年 三月三十一日止之比較數字詳列如下： ...

Financial Performance - For the six months ended September 30, 2022, the company reported revenue of HKD 246,388,000, a decrease of 44.8% compared to HKD 445,916,000 in the same period last year[4]. - Gross profit for the same period was HKD 14,316,000, down 65.9% from HKD 42,018,000 year-on-year[4]. - The company recorded a loss before tax of HKD 43,625,000, compared to a profit of HKD 12,865,000 in the previous year[4]. - The net loss for the period was HKD 45,480,000, a significant decline from a profit of HKD 9,385,000 in the prior year[4]. - Basic loss per share for the period was HKD 13.65, compared to earnings of HKD 2.80 per share in the previous year[8]. - The company reported a net loss of HKD 45,480,000 for the six months ended September 30, 2022, compared to a profit of HKD 9,385,000 in the same period last year[15]. - The net loss for the six months ended September 30, 2022, was HKD 45.5 million, a significant decline from a net profit of HKD 9.4 million in the previous year, resulting in a net profit margin drop from 2.1% to -18.5%[71]. - Gross profit fell by 66% to HKD 14.3 million, with the gross profit margin decreasing from 9.4% to 5.8% due to increased material costs and transportation delays[71]. Assets and Liabilities - Total assets as of September 30, 2022, were HKD 1,804,970,000, down from HKD 1,822,540,000 as of March 31, 2022[10]. - Current assets decreased to HKD 743,310,000 from HKD 822,890,000, reflecting a reduction in inventory and trade receivables[10]. - The company’s total liabilities decreased to HKD 794,284,000 from HKD 859,443,000, reflecting improved financial management[13]. - The company’s total assets as of September 30, 2022, amounted to HKD 1,010,686,000, a decrease from HKD 1,140,427,000 at the end of the previous period[15]. - The group’s trade payables amounted to HKD 46.148 million as of September 30, 2022, compared to HKD 82.530 million as of March 31, 2022[55]. Cash Flow and Investments - Operating cash flow before changes in working capital was negative HKD 13,170,000, a significant decline from positive HKD 2,891,000 in the previous year[17]. - Cash and cash equivalents decreased by HKD 47,807,000, compared to a decrease of HKD 130,286,000 in the prior year[19]. - The company’s cash flow from operating activities was positive at HKD 69,199,000, compared to a negative cash flow of HKD 66,706,000 in the previous year[17]. - The company invested approximately HKD 4.1 million in fixed assets for expanding and upgrading manufacturing facilities for the six months ended September 30, 2022, compared to HKD 5.8 million in the same period of 2021[78]. Inventory and Trade Receivables - The company reported a significant decrease in inventory, which fell to HKD 60,409,000 from HKD 95,494,000 year-on-year[10]. - Trade receivables also decreased to HKD 89,743,000 from HKD 165,587,000, indicating a tighter cash flow situation[10]. - Trade receivables from product sales amounted to HKD 90.074 million as of September 30, 2022, down from HKD 165.973 million as of March 31, 2022[53]. - Trade receivables decreased by HKD 192.3 million to HKD 89.7 million, with trade receivables turnover days improving from 115 to 66 days[77]. Segment Performance - For the six months ended September 30, 2022, the total revenue from the segments was HKD 246,388,000, with Europe contributing HKD 48,329,000, the Americas HKD 161,728,000, Asia HKD 31,563,000, and other regions HKD 4,768,000[30]. - The total segment loss for the same period was HKD 19,043,000, with the Americas reporting the highest loss of HKD 12,500,000[30]. Corporate Governance and Shareholder Information - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules, except for a vacancy in the company secretary position[99]. - Major shareholders include Credit Suisse Trust Limited holding approximately 46.34% of the company's shares as of September 30, 2022[93]. - The company has no significant changes in the board of directors during the six months ended September 30, 2022, except for the appointment of a new independent non-executive director[100]. Employee and Operational Information - As of September 30, 2022, the company employed about 1,680 employees, a decrease from 2,180 employees in 2021[80]. - The remuneration paid to directors during the interim period was HKD 4.521 million, compared to HKD 5.688 million for the six months ended September 30, 2021[58]. - The group plans to focus on strict cost control and operational streamlining to improve efficiency amid a challenging business environment[74]. - The group aims to seek growth opportunities through new customers and product categories, particularly in the online sales channels in mainland China[74]. Other Financial Information - The company did not declare an interim dividend for the six months ended September 30, 2022, compared to HKD 0.08 per share in the previous year[45]. - The company paid dividends of HKD 6,661,000 during the period, a decrease from HKD 77,091,000 in the previous year[19]. - The group recognized an impairment loss of HKD 24.879 million due to business performance being below management's expectations, with no impairment loss recorded for the six months ended September 30, 2021[50]. - The fair value of investment properties increased by HKD 1,517,000 during the period, compared to an increase of HKD 13,960,000 in the previous year[47].

Financial Performance - For the year ended March 31, 2022, revenue decreased by 13.9% to HK$783,192,000 from HK$909,466,000 in 2021[14] - Gross profit fell by 66.3% to HK$51,514,000, resulting in a gross profit margin of 6.58%, down from 16.83%[15] - The company reported a net loss of HK$26,995,000, a decline of 158.2% compared to a net profit of HK$46,402,000 in the previous year[16] - Earnings per share decreased to a loss of HK$8.1, down 158.7% from earnings of HK$13.8 per share in 2021[17] - Total dividend per share dropped by 84.0% to HK$4 from HK$25 in the previous year[19] - For the year ended 31 March 2022, the Group's sales turnover decreased by 14% to HK$783.2 million compared to HK$909.5 million in 2021[24] - The consolidated net loss for the year was HK$27 million, a decline from a profit of HK$46.4 million in 2021, resulting in a basic loss per share of HK8.1 cents[24] Sales and Market Performance - Sales turnover to Europe decreased by 11% to HK$380.1 million, representing 49% of the Group's total sales turnover[29] - Sales turnover to America decreased by 9% to HK$304.4 million, accounting for 39% of the Group's total sales turnover[29] - Sales turnover to Asia decreased by 34% to HK$73.4 million, representing 9% of the Group's total sales turnover[29] - Sales turnover to other markets decreased by 25% to HK$25.3 million, making up 3% of the Group's total sales turnover[29] Operational Metrics - Inventory turnover days increased to 47 days from 36 days, while trade receivables turnover days improved to 77 days from 97 days[20] - The gearing ratio slightly decreased to 1.9% from 2.2%, indicating a reduction in leverage[20] - Return on equity declined to -2.3% from 3.9%, reflecting the impact of the net loss on shareholder returns[20] - The Group faced increased expenses, rising from 10.6% to 12.2% compared to the previous year[34] - Logistics issues, including container shortages and freight disruptions, significantly impacted sales turnover and supply chain operations[28] - The rise in raw material costs, particularly for electronic components, and increased energy costs contributed to reduced profit margins[28] Future Outlook - The company is focusing on new product development and market expansion strategies to recover from the current downturn[22] - Future outlook remains cautious due to sluggish market sentiments and ongoing challenges in the industry[22] - The company anticipates a challenging business environment due to high inflation and geopolitical uncertainties, affecting consumer sentiment negatively[39] Financial Position - Total assets as at 31 March 2022 were HK$1,412.6 million, down from HK$1,583.9 million in 2021, with shareholders' equity decreasing to HK$1,102.5 million[45] - Cash and bank deposits held as at 31 March 2022 amounted to HK$504.6 million, a decrease from HK$616.3 million in 2021[46] - The group's net cash outflow from operating activities was HK$32 million, compared to HK$16.7 million in 2021[49] - The company's distributable reserves as of March 31, 2022, included retained profits of HK$260,592,000, down from HK$340,607,000 in 2021, indicating a decrease of approximately 23.5%[152] Governance and Management - The company is focused on maintaining a robust governance structure with a diverse board of directors[85] - The company continues to prioritize research and development to enhance its product offerings and market position[87] - The Group's executive team includes family members, indicating a strong familial connection within the management structure[80] - The company has a diverse management team with members holding degrees from prestigious institutions such as the University of Newcastle and Imperial College Business School[96][100] Shareholder Information - As of March 31, 2022, Mr. Cheung held personal interest in 46,779,335 shares, while The Cheung Lun Family Trust had interest in 154,349,960 shares[78] - Ms. Cheung had personal interest in 1,258,000 shares, with The Cheung Lun Family Trust also holding 154,349,960 shares as of March 31, 2022[86] - Dr. Cheung had personal interest in 900,000 shares, with The Cheung Lun Family Trust holding 154,349,960 shares as of March 31, 2022[89] - The Cheung Lun Family Trust is a significant shareholder, holding a total of 154,349,960 shares across multiple directors[86] Environmental and Social Responsibility - The Group is committed to environmental sustainability, with manufacturing sites certified under ISO 14001:2004 for environmental management systems[126] - The Group's environmental policies focus on reducing waste and energy consumption through the Reduce, Reuse, and Recycle principles[126] - The Group provides competitive remuneration packages and training for employees, recognized as a "Caring Company" since 2007 and a "Happy Company" since 2014[126] Compliance and Legal Matters - For the year ended March 31, 2022, there was no material breach of applicable laws and regulations that significantly impacted the Group's business[129] - The Group did not have any significant violations of applicable laws and regulations that would materially impact its business operations during the year[134] - There were no interests in any of the Group's five largest suppliers or customers held by directors or significant shareholders during the year[143]

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 445,916,000, an increase of 1.3% compared to HKD 438,760,000 in the same period last year[7] - Gross profit decreased to HKD 42,018,000 from HKD 71,284,000, reflecting a significant decline in profitability[7] - The net profit for the period was HKD 9,385,000, down from HKD 19,270,000, indicating a decrease of 51.3% year-on-year[7] - Total comprehensive income for the period was HKD 14,506,000, compared to HKD 32,141,000 in the previous year, representing a decline of 54.8%[11] - The basic earnings per share decreased to HKD 0.028 from HKD 0.0574, a decline of 51.1%[11] - The company reported a profit of HKD 19,270,000 for the period, compared to a profit of HKD 9,385,000 in the previous six months[17] - The group reported a total revenue of HKD 445,916,000 for the six months ended September 30, 2021, with a segment loss of HKD 5,466,000[31] - The group experienced a net profit before tax of HKD 12,865,000 for the six months ended September 30, 2021, compared to HKD 22,184,000 in the same period last year[31][43] - Other income increased to HKD 19,541,000 from HKD 12,090,000 year-on-year, driven by rental income and management fees[47] - The group recorded a total tax expense of HKD 3,480,000 for the current period, up from HKD 2,914,000 in the previous year[48] - Basic earnings per share attributable to the company owners decreased to HKD 9,385,000 from HKD 19,270,000 year-on-year[51] - The net profit decreased to HKD 9.385 million, down from HKD 19.27 million in 2020, resulting in a net profit margin decline from 4.4% to 2.1%[85] Assets and Liabilities - Non-current assets increased to HKD 584,733,000 from HKD 565,110,000, showing a growth of 3.9%[13] - Total assets less current liabilities decreased to HKD 1,196,915,000 from HKD 1,263,627,000, reflecting a decline of approximately 5.3%[17] - The company reported a decrease in net assets to HKD 1,140,427,000 from HKD 1,204,994,000, a decline of approximately 5.3%[17] - The company experienced an increase in trade payables to HKD 153,866,000 from HKD 147,700,000, indicating a rise of 4.4%[17] - The company has capital commitments of 717 thousand HKD as of September 30, 2021, down from 2,427 thousand HKD as of March 31, 2021[64] - The group has no significant contingent liabilities as of September 30, 2021[93] Cash Flow and Dividends - The net cash generated from operating activities was a negative HKD 66,706,000, compared to a positive HKD 44,628,000 in the previous year[19] - The company’s cash and cash equivalents at the end of the period were HKD 392,855,000, down from HKD 593,015,000 in the previous year, representing a decrease of 33.8%[21] - The company paid dividends amounting to HKD 77,091,000 during the period, significantly higher than HKD 23,480,000 in the same period last year[21] - For the six months ended September 30, 2021, the company declared a final dividend of 8 HK cents per share, compared to 7 HK cents per share in 2020, totaling 26,814 thousand HKD[54] - The company also declared a special dividend of 15 HK cents per share for 2021, with a total amount of 50,277 thousand HKD, whereas there was no special dividend in 2020[54] - The board declared an interim dividend of HKD 0.02 per share, consistent with the previous year[81] Operational Insights - The company plans to focus on expanding its market presence and enhancing product development strategies in the upcoming periods[7] - The company plans to maintain strict cost control and improve production efficiency while focusing on high-quality products and R&D capabilities[88] - The outlook remains uncertain due to various adverse factors, including rising material costs and supply chain disruptions, which are expected to impact profit margins[86] - The group continues to focus on the manufacturing and sales of household appliances as its primary business[27] - The group’s procurement orders received are expected to be completed within one year[28] Inventory and Receivables - Inventory rose significantly to HKD 127,729,000 from HKD 93,858,000, an increase of 36.1%[13] - Trade receivables increased to HKD 282,065,000 from HKD 240,597,000, reflecting a growth of 17.3%[13] - Trade receivables from product sales amounted to 283,396 thousand HKD, net of credit loss provisions of 1,331 thousand HKD, resulting in a total of 282,065 thousand HKD[60] - The analysis of trade receivables shows that 0-90 days receivables were 192,560 thousand HKD, compared to 159,074 thousand HKD in the previous period[60] - Trade receivables balance was HKD 28.206 million, with turnover days increasing from 97 days to 115 days[90] Shareholder Information - Major shareholders include Credit Suisse Trust Limited with 154,349,960 shares (46.16%) and Unison Associates Limited with 147,779,960 shares (44.20%) as of September 30, 2021[104] - The group has not granted any share options under the share option scheme as of September 30, 2021[107] - The group plans to suspend share transfer registration from December 15 to December 17, 2021, for the entitlement of interim dividends[108] - The company repurchased a total of 1,084,000 ordinary shares at a total cost of approximately HKD 1,973,860 during the six months ended September 30, 2021[110] - The highest price paid per share during the repurchase was HKD 1.93, while the lowest was HKD 1.70[110] - All repurchased shares have been cancelled, resulting in a corresponding reduction in the company's issued share capital[110] - The board believes that the share repurchase is in the best interest of the company and its shareholders, potentially enhancing net asset value per share and/or earnings per share[110] - No other purchases, sales, or redemptions of the company's shares occurred during the same period[111] Governance and Compliance - The company has complied with the corporate governance code principles as per the Hong Kong Stock Exchange listing rules[113] - The audit committee and accountants reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2021[119] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules[118] - The board expresses gratitude to employees, shareholders, and business contacts for their contributions and support[121] - The mid-term report is accessible through the company's website for further details[121] Employment and Workforce - As of September 30, 2021, the group employed about 2,180 employees, a decrease from 2,370 in 2020[94]