Company Overview - Aaron International is a Hong Kong-based company with over 40 years of experience in manufacturing quality home appliances [3] - The company focuses on OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) projects, providing comprehensive solutions to clients worldwide [3] - Its production facilities are located in Guangdong, China, with an annual production capacity exceeding 10 million units, enhancing its competitiveness in pricing and delivery time [3] Financial Performance - As of September 30, 2024, Aaron International reported total revenue of 249 million yuan, a year-on-year decrease of 0.12% [2] - The company recorded a net loss attributable to shareholders of 26.59 million yuan, a year-on-year decline of 41.57% [2] - The gross profit margin stands at 7.27%, and the debt-to-asset ratio is 24.71% [2] Market Performance - Over the past month, Aaron International's stock has shown a cumulative increase of 0%, while year-to-date, it has risen by 4.62%, underperforming the Hang Seng Index, which has increased by 18.09% [2] - As of the latest trading session, the stock price was 0.74 HKD per share, reflecting an increase of 8.82% with a trading volume of 286,000 shares and a turnover of 205,900 HKD [1] Valuation Metrics - Currently, there are no institutional investment ratings for Aaron International [3] - The average price-to-earnings (P/E) ratio for the household appliances and goods industry is 13.86 times, with a median of 3.8 times [3] - Aaron International's P/E ratio is -2.91 times, ranking 65th in the industry [3] Upcoming Events - The company is scheduled to disclose its annual report for the fiscal year 2024 on June 26, 2025 [4]

Company Overview - Aaron International (00684.HK) closed at HKD 0.68 per share, up 9.68% with a trading volume of 54,000 shares and a turnover of HKD 35,400 [1] - The company has over 40 years of experience in manufacturing quality home appliances, focusing on OEM and ODM projects, providing comprehensive solutions to clients worldwide [2] Financial Performance - For the fiscal year ending September 30, 2024, Aaron International reported total revenue of HKD 249 million, a year-on-year decrease of 0.12% [2] - The net profit attributable to shareholders was a loss of HKD 26.59 million, down 41.57% year-on-year [2] - The gross margin stood at 7.27%, and the debt-to-asset ratio was 24.71% [2] Stock Performance - Over the past month, Aaron International has seen a cumulative increase of 6.9%, but it has a year-to-date decline of 4.62%, underperforming the Hang Seng Index by 17.07% [2] - The company's price-to-earnings ratio is -2.65, ranking 70th in its industry, while the average TTM P/E ratio for the household appliances and goods sector is -2.22 [2] Industry Context - The household appliances and goods industry has a median P/E ratio of 1.56, with notable competitors like NVC International (02222.HK) at 1.3, Kafushan Group Holdings (08512.HK) at 1.82, and others showing higher valuations [2]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 276,058,000, a slight decrease of 0.12% compared to HKD 276,401,000 in the same period of 2023[4] - Gross profit for the same period was HKD 20,074,000, down 5.63% from HKD 21,271,000 year-on-year[4] - The company reported a loss before tax of HKD 28,562,000, compared to a loss of HKD 19,477,000 in the previous year, indicating a deterioration in performance[4] - Total comprehensive loss for the period was HKD 20,460,000, an improvement from a loss of HKD 40,479,000 in the same period last year[6] - Basic loss per share for the period was HKD 8.85, compared to HKD 6.25 in the previous year, indicating a worsening loss per share[6] - The total comprehensive income (expenses) for the period was HKD (20,460,000), which includes a net loss of HKD 29,491,000, reflecting a significant increase in losses compared to the previous period[13] - The total loss attributable to equity holders for the six months ended September 30, 2024, was HKD (29,491,000), compared to HKD (20,831,000) in 2023[46] - The net loss for the group was HKD 29.5 million, compared to a net loss of HKD 20.8 million in the previous year[79] - Earnings per share for the group were HKD 0.0885, compared to HKD 0.0625 in the previous year[79] Cash Flow and Assets - The company experienced a cash outflow from operating activities of HKD 36,819,000 for the six months ended September 30, 2024, compared to HKD 50,544,000 for the same period in 2023, showing an improvement of approximately 27.3%[15] - The company reported a net cash decrease of HKD 89,711,000 for the period, compared to an increase of HKD 11,383,000 in the previous year, indicating a significant shift in cash flow dynamics[17] - As of September 30, 2024, the company had cash and cash equivalents of HKD 337,177,000, down from HKD 446,304,000 at the same time in 2023, reflecting a decline of approximately 24.5%[17] - Total assets as of September 30, 2024, were HKD 1.0634 billion, down from HKD 1.0924 billion as of March 31, 2024[86] - Cash and bank deposits amounted to HKD 403.8 million as of September 30, 2024, compared to HKD 479.3 million as of March 31, 2024[86] Liabilities and Equity - Current liabilities increased to HKD 230,142,000 from HKD 183,856,000, indicating a 25.1% rise[10] - The company's net assets decreased to HKD 800,589,000 from HKD 871,007,000, reflecting a decline of 8.1%[10] - The total borrowing as of September 30, 2024, was HKD 8.1 million, with a debt-to-equity ratio of 1.0%, down from 1.2% as of March 31, 2024[86] Revenue Breakdown - Total revenue for the six months ended September 30, 2024, was HKD 276,058,000, with a breakdown of HKD 45,299,000 from Europe, HKD 172,233,000 from the Americas, HKD 47,078,000 from Asia, and HKD 11,448,000 from other regions[26] - Sales revenue in Europe decreased by 36% to HKD 45.3 million, accounting for 16.4% of total sales revenue[80] - Sales revenue in the Americas decreased by 4% to HKD 172.2 million, representing 62.4% of total sales revenue[80] - Sales revenue in Asia increased by 114% to HKD 47.1 million, accounting for 17.1% of total sales revenue[80] Operational Efficiency - The company plans to complete all received purchase orders within one year, indicating a focus on operational efficiency and resource allocation[25] - The group continues to strictly control costs and optimize manufacturing processes to improve production efficiency and reduce labor costs[80] Dividends and Shareholder Returns - The company has recognized a dividend distribution of HKD 49,958,000 during the period, which reflects its commitment to returning value to shareholders despite the losses[13] - The company declared an interim dividend of HKD 0.02 per share for the six months ended September 30, 2024, totaling HKD 6,661,000, compared to no dividend in the previous year[49] - The group declared an interim dividend of HKD 0.02 per share, consistent with the previous year's interim dividend, but without a special dividend this time[79] Market Challenges - The fair value loss from investment properties amounted to HKD 17,586,000 for the six months ended September 30, 2024, compared to HKD 15,660,000 in the previous year, indicating ongoing challenges in the property market[15] - The fair value loss on investment properties was HKD (17,586,000), and financial costs were HKD (236,000)[26] Corporate Governance - The board confirms compliance with the corporate governance code as per the listing rules during the reporting period[104] - The audit committee reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and regulations[107] - The company has adopted the standard code for securities transactions by directors and confirms compliance by all directors during the reporting period[106] Shareholder Information - 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%) as of September 30, 2024[98] - The company's public float is approximately 24.27%, which is below the minimum requirement of 25% as per the listing rules[101] - The company will take appropriate measures to restore the public float to the minimum required percentage[101]

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 276,058,000, a slight decrease of 0.1% compared to HKD 276,401,000 in the same period of 2023[3] - The gross profit for the same period was HKD 20,074,000, down from HKD 21,271,000, reflecting a decrease of approximately 5.6% year-over-year[3] - The company recorded a net loss of HKD 29,491,000 for the six months ended September 30, 2024, compared to a net loss of HKD 20,831,000 in the prior year, indicating an increase in losses of about 41%[3] - The total revenue for the six months ending September 30, 2023, was HKD 276,401,000, with a loss of HKD 15,860,000[22] - The basic loss attributable to shareholders for the six months ending September 30, 2024, was HKD 29,491,000, compared to HKD 20,831,000 for the same period in 2023[31] - The group reported a net loss of HKD 29.5 million for the six months ended September 30, 2024, compared to a net loss of HKD 20.8 million in the same period last year, resulting in a net loss margin decline from -7.5% to -10.7%[45] Assets and Liabilities - As of September 30, 2024, total assets were HKD 833,223,000, a decrease from HKD 908,505,000 as of March 31, 2024[9] - As of September 30, 2024, total assets amounted to HKD 1.0634 billion, with total liabilities of HKD 230.1 million and shareholders' equity of HKD 806 million[49] - The company has not reported any significant changes in its segment assets and liabilities for the six months ended September 30, 2024[17] Cash Flow and Investments - The company's cash and cash equivalents decreased to HKD 110,046,000 from HKD 174,556,000, representing a decline of approximately 37%[8] - The group held cash and bank deposits of HKD 403.8 million as of September 30, 2024, down from HKD 479.3 million as of March 31, 2024[50] - The company increased its property, plant, and equipment by approximately HKD 1,471,000 during the reporting period[35] - The group purchased three vehicles for approximately HKD 1.471 million during the six months ended September 30, 2024, with no significant investments in other tangible assets[52] Revenue Breakdown - The revenue from Europe was HKD 45,299,000, from the Americas was HKD 172,233,000, from Asia was HKD 47,078,000, and from other regions was HKD 11,448,000[18] - Sales revenue in Europe decreased by 36% to HKD 45.3 million, while sales in the Americas decreased by 4% to HKD 172.2 million, accounting for 62.4% of total sales[43] - Sales in Asia increased by 114% to HKD 47.1 million, representing 17.1% of total sales, and other markets saw a 203% increase to HKD 11.4 million, accounting for 4.1% of total sales[43] Operational Focus and Challenges - The company continues to focus on the manufacturing and sales of home appliances, with all received purchase orders expected to be completed within one year[16] - The group plans to seek growth opportunities through new customers and product categories, as well as online sales channels in mainland China[46] - The group anticipates continued challenges due to high inflation and geopolitical tensions, which may negatively impact consumer demand and sales in the U.S. market, currently accounting for over 60% of total sales[46] Employee and Governance - The group employed approximately 1,550 employees as of September 30, 2024, down from 1,640 employees in 2023[56] - The board confirms compliance with corporate governance codes and securities trading standards throughout the reporting period[59][61] Other Financial Metrics - The company recognized rental income of HKD 8,227,000 for the six months ending September 30, 2024, compared to HKD 8,561,000 in 2023[28] - The company reported a decrease in fair value of investment properties by HKD 17,586,000 for the six months ending September 30, 2024[34] - The group maintained strict control over all management expenses, with selling and distribution expenses increasing by 15.6% to HKD 7.9 million, representing 2.8% of sales revenue[45] - The financial position remains robust, supported by internal cash flow and available bank credit for operational needs and potential business expansion[52] Reporting and Compliance - The interim report will be made available on the Hong Kong Stock Exchange and the company's website at an appropriate time[63] - The company has not engaged in any share buybacks or sales during the six months ended September 30, 2024[58]

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]