Financial Performance - The total revenue for the year ended December 31, 2020, increased by 6.2% to HKD 9,758.8 million, compared to HKD 9,185.9 million in 2019[11] - Gross profit rose by 2.0% to HKD 1,710.3 million, up from HKD 1,676.9 million in the previous year[11] - The company's total revenue for the year reached HKD 9,758.8 million, an increase of 6.2% from HKD 9,185.9 million in the previous year[26] - The mobile casing and precision components segment generated revenue of HKD 7,558.0 million, up 6.2% from HKD 7,119.9 million, accounting for 77.4% of total revenue[19] - The smart appliance casing business saw sales rise by 9.7% to HKD 688.2 million, representing 7.1% of total revenue[20] - The home and sports goods segment increased sales by 24.7% to HKD 808.2 million, making up 8.3% of total revenue[23] - The telecommunications equipment and other segment's revenue declined by 10.9% to HKD 704.4 million, accounting for 7.2% of total revenue[24] - Gross profit for the year increased by approximately 2.0% to about HKD 1,710.3 million, while the gross profit margin decreased by about 0.8 percentage points to approximately 17.5%[30] - Basic earnings per share decreased by 12.6% to HKD 5.42 from HKD 6.20 in the previous year[33] - Net cash flow from operating activities was HKD 1,396.8 million, down from HKD 1,514.5 million in the previous year, while net cash used in investing activities increased to HKD (857.7) million from HKD (673.1) million[34] Market and Product Development - The company successfully increased its market share in the mobile phone sector, particularly with its "Glastic" casing, despite a global decline in mobile phone shipments[12] - New product shipments, including 3D and integrated Glastic casing products, saw an increase in proportion during the year, benefiting from strong sales of new smartphone models[12] - The company anticipates that the proliferation of 5G networks will drive overall mobile phone shipments back to an upward trajectory, enhancing the market position of its cost-effective Glastic solutions[15] - Ongoing investments in IoT-related new product lines and components are part of the company's long-term strategic goals to increase participation in IoT products[15] - The company plans to focus on mobile and precision components, with ongoing R&D for new product lines and components to enhance profitability[26] - The market anticipates a rise in smartphone shipments due to the proliferation of 5G models, with the company aiming to meet customer demand with its high-cost performance Glastic casing solutions[26] - New product development includes the launch of a next-generation smartphone case, which is anticipated to capture D% of the market share within the first year[54] - New product launches included a smart appliance line, which is expected to contribute an additional $50 million in revenue in the upcoming year[80] Financial Position and Investments - The debt-to-equity ratio improved from 37.8% to 26.6% year-on-year, indicating a stronger financial position[11] - Total assets increased to HKD 14,299.9 million from HKD 13,573.4 million, with cash and cash equivalents rising to HKD 1,757.4 million from HKD 1,487.5 million[37] - The debt-to-equity ratio improved to 26.6% from 37.8% in the previous year, with total borrowings decreasing to HKD 2,227.7 million from HKD 2,632.8 million[38] - Capital expenditures for the year amounted to HKD 1,206.5 million, up from HKD 925.6 million in the previous year, primarily for expanding property, plant, and equipment related to mobile phone casing and precision components[39] - The group plans to consider dividend declarations based on profitability, financial condition, and capital expenditure plans[46] - The group emphasizes the importance of maintaining sufficient cash reserves to meet operational needs and future growth[97] Governance and Compliance - The company has maintained high standards of corporate governance throughout 2020, adhering to the Hong Kong Stock Exchange's corporate governance code[64] - The board of directors consists of five executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[66] - The board held four meetings during the year, with all directors actively participating, demonstrating commitment to corporate governance[71] - The company has implemented a risk management system to monitor and control operational risks effectively[69] - All directors have confirmed compliance with the trading code for securities transactions throughout the year[65] - The company emphasizes continuous professional development for its directors to enhance their knowledge and skills[74] - The company is committed to creating value for shareholders through effective management and governance practices[69] - The audit committee confirmed the effectiveness of the company's risk management and internal control systems[89] - The board confirmed its responsibility for ensuring the timely publication of financial statements and compliance with accounting standards[98] Shareholder and Market Engagement - The company emphasizes the importance of effective communication with shareholders and investors, providing relevant information through annual reports and its website[116] - Major customers accounted for approximately 35.7% of total revenue, while the top five customers represented about 63.5%[144] - The company has established a share option scheme to reward and motivate eligible participants contributing to its business success[158] - The company has no predetermined dividend payout ratio, and dividend payments will be made at the board's discretion based on various factors including financial performance and cash needs[97] Risk Management - The company has established a systematic risk management framework to address compliance, financial, operational, and strategic risks[105] - The risk management committee was formed in 2015 and includes financial units from various production bases to assess core risks[105] - The board regularly reviews the effectiveness of the company's risk management and internal control systems[102] Corporate Social Responsibility - The company is committed to enhancing governance, promoting employee welfare, and fulfilling social responsibilities for sustainable growth[124] - The company made charitable donations totaling HKD 217,000 during the year[143]

Financial Performance - The group's revenue increased by 2.1% to HKD 3,990.3 million from HKD 3,908.9 million in the same period last year[17]. - The profit attributable to the company's owners dropped by 90.8% to HKD 29.0 million from HKD 315.8 million in the previous year[27]. - Gross profit decreased by 26.5% to HKD 607.2 million, with a gross margin of 15.2%, down 5.9 percentage points year-on-year[19]. - Other income and net gains decreased by 14.6% to HKD 63.7 million, primarily due to a reduction in government subsidies[20]. - The net profit margin for the company attributable to owners fell to 0.7% from 8.1% in the previous year[27]. - Total revenue for the first half of 2020 was HKD 3,990,306, an increase from HKD 3,908,942 in the same period of 2019, representing a growth of approximately 2.1%[52]. - The gross profit decreased to HKD 607,215 from HKD 825,843 year-on-year, indicating a decline of about 26.4%[52]. - The profit attributable to the company's owners for the first half of 2020 was HKD 30,811, a significant drop from HKD 316,002 in the same period of 2019, reflecting a decrease of approximately 90.3%[52]. - The group reported a profit before tax of HKD 30,811 for the period, compared to HKD 316,002 in the previous year, showing a decrease of approximately 90.3%[85]. Expenses and Costs - Selling and distribution expenses rose by 5.7% to HKD 61.9 million, accounting for 1.6% of the group's revenue[22]. - Administrative expenses increased by 5.8% to HKD 451.7 million, representing 11.3% of the group's revenue[23]. - Financial expenses decreased by 13.4% to HKD 88.4 million due to lower average interest rates during the period[25]. - The group recorded a net loss of HKD 11.2 million from foreign exchange, compared to a net gain of HKD 85.6 million in the previous year[24]. - Research and development costs for the six months ended June 30, 2020, amounted to HKD 202,279, up from HKD 171,236 in 2019, reflecting a growth of about 18.2%[97]. Assets and Liabilities - Total assets as of June 30, 2020, were HKD 13,256.2 million, down from HKD 13,573.4 million as of December 31, 2019[29]. - Cash and cash equivalents amounted to HKD 1,296.0 million, a decrease from HKD 1,487.5 million as of December 31, 2019[28]. - Non-current assets increased to HKD 6,312,053 as of June 30, 2020, compared to HKD 6,109,351 at the end of 2019[56]. - Current assets decreased to HKD 6,944,148 from HKD 7,464,029 year-on-year, primarily due to a reduction in inventory and trade receivables[56]. - The group’s total liabilities were HKD 7,261,854 as of June 30, 2020, compared to HKD 7,591,002 at the end of 2019, representing a reduction of approximately 4.3%[89]. - The company’s total liabilities decreased to 2,509,213,000 HKD as of June 30, 2020, from 2,948,445,000 HKD as of December 31, 2019, reflecting a reduction of approximately 14.9%[123]. Market and Product Insights - Sales from mobile phone casings and precision components rose by 10.3% to HKD 3,149.3 million, accounting for 78.9% of total revenue[40]. - Revenue from smart appliance casings decreased by 21.7% to HKD 268.1 million, representing 6.7% of total revenue[43]. - The mobile phone casing and precision components accounted for 78.9% of total revenue in 2020, up from 73.1% in 2019[47]. - The company anticipates a stable recovery in mobile phone market demand, particularly with the expected growth in 5G smartphone shipments over the next two to three years[48]. - The company plans to focus on developing new products and technologies, particularly in the smart home and mobile configuration sectors, to enhance competitiveness[50]. Shareholder and Governance Information - The total issued share capital as of June 30, 2020, was 6,479,505,097 shares, with the largest shareholder holding 36.12% of the total issued shares[179]. - The company’s major shareholders do not include any directors or senior executives, ensuring a clear separation of interests[193]. - The company’s board believes that having the same individual serve as both chairman and CEO provides strong and consistent leadership[197]. - The audit committee consists of three independent non-executive directors and one non-executive director, ensuring compliance with governance standards[198]. - The company has adhered to all applicable provisions of the corporate governance code during the reporting period, except as noted[196]. Cash Flow and Financing - The company reported a net cash flow from operating activities of (46,413) thousand HKD for the six months ended June 30, 2020, compared to (109,427) thousand HKD in the same period of 2019, indicating an improvement[72]. - The company experienced a net cash outflow from investing activities of (424,279) thousand HKD for the six months ended June 30, 2020, compared to (165,140) thousand HKD in the same period of 2019, reflecting increased investment expenditures[72]. - The company reported a significant increase in new bank loans, totaling 2,265,954 thousand HKD for the six months ended June 30, 2020, compared to 2,109,543 thousand HKD in the same period of 2019[72]. - The company’s cash and cash equivalents decreased by (208,455) thousand HKD during the six months ended June 30, 2020, compared to a decrease of (53,215) thousand HKD in the same period of 2019[74]. Dividend and Share Options - The company did not recommend any interim dividend for the period, compared to an interim dividend of 0.01 HKD per share totaling 64,795,000 HKD for the six months ended June 30, 2019[106]. - The company reported a basic and diluted earnings per share of 0.0045 HKD for the six months ended June 30, 2020, compared to 0.0488 HKD for the same period in 2019, reflecting a decrease of approximately 90.8%[109]. - The company paid dividends of (3,240) thousand HKD during the six months ended June 30, 2020, a decrease from (51,836) thousand HKD in the same period of 2019[72]. - The company has 58,000,000 unexercised share options, equivalent to approximately 0.90% of the issued shares as of the date of the report[189]. - The company reported a total of 32,300,000 share options granted, with an exercise price of HKD 1.80[188].

Financial Performance - Total revenue for the year increased by 3.2% to HKD 9,185.9 million, compared to HKD 8,899.3 million in 2018[12] - Gross profit decreased by 6.5% to HKD 1,676.9 million, down from HKD 1,793.9 million in 2018, resulting in a gross margin of approximately 18.3%[12] - Net profit attributable to shareholders fell by 26.0% to HKD 401.5 million, compared to HKD 542.8 million in 2018, with a net profit margin of approximately 4.4%[12] - Basic earnings per share were HKD 0.062, down 29.2% from HKD 0.0876 in the previous year[35] - The net cash inflow from operating activities was HKD 1,514.5 million, compared to HKD 1,037.7 million in the previous year[36] - The group's total assets as of December 31, 2019, were HKD 13,573.4 million, slightly down from HKD 13,642.1 million in the previous year[40] - The debt-to-equity ratio was 37.8% as of December 31, 2019, down from 48.4% in the previous year[41] - Capital expenditures for the year amounted to HKD 925.6 million, down from HKD 1,255.9 million in the previous year[42] Dividend Distribution - The company plans to distribute a final dividend of HKD 0.05 per share, down from HKD 0.8 per share in 2018, leading to a total annual dividend of HKD 1.05 per share[12] - The interim dividend for the six months ended June 30, 2019, was HKD 0.01 per ordinary share, down from HKD 0.02 per ordinary share in 2018[49] - The proposed final dividend for the year ended December 31, 2019, is HKD 0.0005 per ordinary share, significantly reduced from HKD 0.08 per ordinary share in 2018[49] - The total dividend for the year is HKD 0.0105 per share, compared to HKD 0.028 per share in 2018, reflecting a decrease in the payout ratio to 17% of profit attributable to owners[49] Market and Product Development - The smartphone market has approached saturation, impacting the company's operations, but it remains confident in its technological capabilities and strategic positioning[13] - New product developments, such as the "Glastic" casing, have been widely adopted by brands, enhancing market share in the smartphone sector[13] - The company's smartphone business now covers six major global brands, reducing dependency on any single geographical market[13] - Investment in IoT innovation is a priority, with resources allocated to develop new products to expand the product line and strengthen long-term customer relationships[13] - The company is focusing on high-tech, high-volume products that can enhance product value and stabilize average selling prices and gross margins[13] - The group anticipates a new wave of smartphone upgrades driven by the expansion of the 5G market, with expectations of rapid price declines for 5G smartphones[16] - The introduction of the mid-range 5G smartphone by a key customer is expected to attract significant market attention, contributing to the anticipated growth in smartphone shipments[29] - The company aims to strengthen its market position by diversifying its customer base and expanding into international markets[29] Governance and Management - The management team has extensive experience in the electronics and electrical industry, with over 30 years of combined experience[51][52][53][54][55] - The board consists of five executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[67] - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange throughout 2019, with some deviations noted in the roles of the chairman and CEO[65] - The board is responsible for maintaining comprehensive accounting records to monitor the company's financial status[71] - The company emphasizes the importance of risk management and internal controls, with regular discussions between the board and management to ensure effectiveness[71] - The board meets regularly on a quarterly basis, ensuring all directors are adequately informed and can make informed decisions[72] - The board held a total of four meetings during the year, with all executive directors attending all meetings[74] - The company has a commitment to continuous professional development for its directors[77] Risk Management - The company has identified various financial and operational risks, particularly related to its significant operations in China[130] - The company’s risk management framework includes compliance, financial, operational, and strategic risks, with a structured approach to identify and monitor significant risks[106] - The board believes that the risk management and internal control systems are sufficient and effective, with no significant violations that would adversely affect the company's financial position or operational performance[113] - The company has adhered to risk management and internal control provisions during the reporting period, with the board responsible for maintaining and reviewing the effectiveness of these systems[104] Employee Compensation and Share Options - The company has a competitive compensation structure to attract and retain employees, recognizing them as invaluable assets for future success[134] - The company's employee compensation policy is determined by the remuneration committee based on performance, qualifications, and capabilities[192] - The remuneration of the company's directors is decided by the remuneration committee, referencing the group's operating performance and market statistics[193] - The company has adopted a share option scheme as a reward for directors and eligible employees, with details provided in the financial statements[195] - The total number of stock options granted to directors is 18,000,000, with Mr. Wang Yanan holding 5,000,000 options[153] - The stock option plan aims to reward and encourage eligible participants contributing to the success of the group's business[159] Corporate Social Responsibility - The company emphasizes its commitment to environmental protection and sustainable development, with ongoing reviews of its environmental practices[132] - The company made charitable donations totaling HKD 60,000 during the year[144] Financing and Capital Structure - A financing agreement was established on February 18, 2020, for a maximum principal amount of HKD 700,000,000, with a term of three years[176] - The company entered into a non-revolving loan financing agreement on January 14, 2019, with a principal amount of HKD 500,000,000, for a term of 3.5 years[177] - A non-revolving loan financing agreement was established on December 24, 2018, with a principal amount of HKD 200,000,000, for a term of 3 years[178] - The company signed a non-revolving loan financing agreement on June 15, 2018, with a principal amount of HKD 500,000,000, for a term of 3 years[181] - A term loan financing agreement was entered into on September 25, 2017, with a maximum principal amount of HKD 400,000,000, for a term of 3 years[182]

Financial Performance - The group's revenue decreased by 5.8% to HKD 3,908.9 million compared to HKD 4,150.3 million in the same period last year[15]. - Profit attributable to the company's owners fell by 24.6% to HKD 315.8 million from HKD 418.9 million in the previous year[15]. - Gross profit declined by 13.9% to HKD 825.8 million, with a gross margin of 21.1%, down 2.0 percentage points year-on-year[17]. - Profit before tax decreased by 22.8% to HKD 388.1 million, attributed to the decline in gross margin[24]. - The net profit margin for the company attributable to owners dropped to 8.1% from 10.1% in the previous year[26]. - The net profit for the period was HKD 316.0 million, compared to HKD 417.3 million in the previous year, a decrease of 24.2%[58]. - The group's profit before tax for the six months ended June 30, 2019, was HKD 315,777,000, a decrease from HKD 418,943,000 in 2018, representing a decline of approximately 24.7%[148]. Revenue Breakdown - The smartphone casing and precision components business generated revenue of HKD 2,856.2 million, accounting for 73.1% of the group's total revenue, a decline of 1.3% from HKD 2,894.9 million year-on-year[39]. - The smart appliance casing segment saw a significant decline in sales, dropping 32.3% to HKD 342.5 million, representing 8.7% of total revenue[42]. - The home and sports goods segment reported a sales decline of 8.1% to HKD 327.8 million, down from HKD 356.6 million year-on-year, accounting for 8.4% of total revenue[44]. - The network communication equipment and other segment saw a revenue increase of 23.5% to HKD 382.4 million, up from HKD 309.7 million year-on-year, representing 9.8% of total revenue[45]. - Revenue from the mobile casing and precision components segment for the six months ended June 30, 2019, was approximately HKD 1,262,520,000, accounting for 32.3% of the group's total revenue[131]. Expenses and Costs - Selling and distribution expenses decreased by 23.1% to HKD 58.5 million, accounting for 1.5% of the group's revenue[20]. - Administrative expenses rose by 0.9% to HKD 427.1 million, representing 10.9% of the group's revenue[21]. - Financial costs increased by 25.9% to HKD 102.1 million, mainly due to higher bank borrowings and interest rates[23]. - Research and development costs for the period were HKD 171,236,000, down from HKD 212,099,000 in the previous year, indicating a reduction of about 19.3%[148]. - The total tax expense for the period was HKD 72,113,000, compared to HKD 85,488,000 in 2018, reflecting a decrease of approximately 15.6%[137]. Cash Flow and Financing - The company reported a net cash flow from operating activities of (HKD 109,427,000) for the six months ended June 30, 2019, compared to HKD 203,500,000 in the same period of 2018[73]. - The company incurred a net cash outflow from investing activities of (HKD 165,140,000) for the six months ended June 30, 2019[72]. - The company raised new bank loans amounting to HKD 2,109,543,000 during the period[73]. - The company reported a decrease in cash and cash equivalents of (HKD 53,215,000) for the six months ended June 30, 2019[75]. - The company paid dividends amounting to (HKD 51,836,000) during the reporting period[73]. Assets and Liabilities - As of June 30, 2019, the group held cash and cash equivalents of HKD 1,113.4 million, a decrease from HKD 1,276.1 million as of December 31, 2018[28]. - The group's total assets increased to HKD 13,966.2 million as of June 30, 2019, compared to HKD 13,642.1 million at the end of 2018[28]. - The debt-to-equity ratio as of June 30, 2019, was 52.6%, up from 48.4% at the end of 2018[36]. - Total non-current assets increased to HKD 6,206.0 million as of June 30, 2019, compared to HKD 5,921.8 million at the end of 2018[61]. - The company's net asset value rose to HKD 6,374.5 million as of June 30, 2019, compared to HKD 5,937.2 million at the end of 2018[64]. Capital Expenditure - The total capital expenditure for the period was HKD 570.2 million, primarily for the acquisition of production equipment and the construction of new manufacturing facilities[31]. - The group acquired property, plant, and equipment for approximately HKD 570,182,000 during the period, compared to HKD 702,923,000 in the same period last year, a decrease of about 18.8%[157]. - Capital commitments included HKD 117,689,000 for the purchase of properties, plants, and equipment, and HKD 12,732,000 for the construction of leased buildings in mainland China as of June 30, 2019[191]. Strategic Initiatives - The company plans to focus on new product development and market expansion strategies to counteract the declining revenue trends[15]. - The company plans to enhance production efficiency and product yield through the optimization of production line processes and increased automation[47]. - The company is developing new products related to 5G technology, including plastic antenna resonators and mobile phone casings with RF and heat dissipation features[47]. - The company has secured significant orders from major clients, including Samsung and VIVO, which will help expand market share and reduce customer concentration risk[47]. Accounting Changes - The adoption of HKFRS 16 resulted in an increase of HKD 357,568,000 in right-of-use assets[97]. - Lease liabilities increased by HKD 41,947,000 as of January 1, 2019, reflecting the present value of remaining lease payments[102]. - The total value of right-of-use assets and lease liabilities as of June 30, 2019, was HKD 356,565,000 and HKD 38,353,000 respectively, reflecting a decrease from January 1, 2019[111]. - The group recognized lease liabilities based on the present value of lease payments, which included fixed payments and variable lease payments dependent on indices or rates[107]. - The group will continue to report under HKAS 17 for comparative periods prior to the adoption of HKFRS 16[87].

Financial Performance - Total revenue increased by 3.9% to HKD 8,899.3 million, compared to HKD 8,562.8 million in 2017[10] - Gross profit decreased by 19.6% to HKD 1,793.9 million, with a gross margin of approximately 20.2% compared to 26.1% in 2017[10] - Net profit attributable to shareholders fell by 46.0% to HKD 542.8 million, with a net profit margin of approximately 6.1% compared to 11.7% in 2017[10] - Revenue from mobile phone casings and precision components rose by 12.0% to HKD 6,621.4 million, accounting for 74.4% of total revenue[17] - The sales of smart appliance casings declined by 1.6% to HKD 848.5 million, representing 9.5% of total revenue[21] - Revenue from home and sports goods increased by 21.0% to HKD 606.8 million, making up 6.8% of total revenue[22] - Revenue from network communication equipment and others rose by 4.5% to HKD 739.1 million, maintaining an 8.3% share of total revenue[23] - The group's total revenue for the year was HKD 8,899.3 million, an increase of HKD 336.5 million or 3.9% compared to the previous year[32] - Gross profit decreased to HKD 1,793.9 million, down HKD 437.2 million or 19.6%, primarily due to a sharp decline in shipment volume and unit price of metal mobile phone casings in the second half of 2018[32] - Profit attributable to shareholders was HKD 542.8 million, a decrease of 46.0% from HKD 1,006.1 million in the previous year[32] Dividends - The company proposed a final dividend of HKD 0.008 per share, down from HKD 0.038 per share in 2017, resulting in a total annual dividend of HKD 0.028 per share compared to HKD 0.054 per share in 2017[10] - The interim dividend per ordinary share was declared at HKD 0.02, an increase from HKD 0.016 in 2017, while the final dividend was set at HKD 0.008, down from HKD 0.038 in 2017[45] - Total dividends for the year amounted to HKD 0.028 per share, compared to HKD 0.054 in 2017, representing a payout ratio of approximately 32% of the profit attributable to the owners for the year ended December 31, 2018[45] - The group reported a total dividend of HKD 2.8 per share for the year, down from HKD 5.4 per share in the previous year[122] Research and Development - The company is investing in R&D for products applicable to 5G, including plastic antenna resonators and mobile phone casings with RF and heat dissipation features[14] - The company is focusing on R&D for 5G applications, including the development of plastic antennas for base stations and RF integration for mobile phone casings[30] - The company aims to accelerate new product growth and expand business areas in response to economic uncertainties and market slowdowns[25] Corporate Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange's listing rules throughout 2018[61] - The board of directors consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced governance structure[63] - The company emphasizes the importance of effective risk management systems and internal controls, regularly discussing these with management[66] - The board is responsible for creating shareholder value and ensuring the company's overall financial health[63] - The company has adopted reasonable corporate governance principles to enhance shareholder value and protect stakeholder interests[61] - The board's structure is deemed suitable for the company's current operations and is subject to periodic review[66] - The company has a commitment to transparency and accountability in its financial reporting and operations[66] Risk Management - The company has established a risk management framework to identify and assess major risks affecting performance, including compliance, financial, operational, and strategic risks[106] - The Audit Committee is responsible for reviewing the effectiveness of the risk management and internal control systems regularly[101] - The board believes that the risk management and internal control systems are adequate and effective, with sufficient resources allocated to internal audit functions[110] - The board continuously monitors the risk management and internal control systems to manage, rather than eliminate, risks that may prevent achieving business objectives[106] Employee and Compensation - The group employed approximately 16,000 long-term employees as of December 31, 2018, down from about 18,000 employees in the previous year[43] - The board of directors reviewed employee compensation regularly and made necessary adjustments according to current market practices[131] - The company has established a remuneration policy for employees based on performance, qualifications, and capabilities[184] Shareholder Information - The largest customer accounted for approximately 38.1% of total revenue, while the top five customers represented about 66.9% of total revenue as of December 31, 2018[142] - The largest supplier contributed approximately 14.8% of total procurement, with the top five suppliers accounting for about 28.3% of total procurement, excluding capital purchases[142] - The company emphasizes effective communication with shareholders and investors, providing relevant information through its annual report and website[117] Environmental and Social Responsibility - The company has implemented environmental protection policies and regularly reviews its environmental practices to promote sustainability[129] - The company made charitable donations totaling HKD 1,100,000 during the year[141] Financial Position - As of December 31, 2018, the group's total assets were HKD 13,642.1 million, slightly up from HKD 13,623.7 million in the previous year[36] - The debt-to-equity ratio as of December 31, 2018, was 48.4%, compared to 45.0% in the previous year[37] - The group’s financial position and operating performance are significantly influenced by economic, political, and legal developments in China[127] - The company’s available distributable reserves as of December 31, 2018, amounted to HKD 1,599,869,000, with approximately HKD 51,836,000 proposed as a final dividend post-reporting period[140] Audit and Compliance - The external auditor for the group is Ernst & Young, appointed by shareholders at the 2018 annual general meeting[112] - The audit committee, composed entirely of independent non-executive directors, reviewed the financial statements for the six months ended June 30, 2018, and the year ended December 31, 2018, ensuring compliance with applicable accounting standards[89] - The total fees paid to external auditors for the year were broken down into HKD 3,680,000 for audit services and HKD 291,000 for non-audit services, totaling HKD 3,971,000[94] Stock Options and Shareholding - The company has established a stock option plan to reward and encourage eligible participants contributing to the success of the business[153] - The company holds a total of 31,000,000 share options among its directors[147] - As of December 31, 2018, a total of 58,000,000 stock options remain unexercised, with a weighted average exercise price of HKD 1.80 per share[163] - The stock options granted during the year include 20,300,000 options with an exercise price of HKD 1.80 per share[158] - The company has not entered into any stock-linked agreements as of December 31, 2018[164] - The stock options are subject to adjustment in the event of rights issues or similar capital changes[162] - The company has not disclosed any other significant shareholders with 5% or more ownership apart from those mentioned[167]