Financial Performance - For the fiscal year ending December 31, 2024, the company reported a total revenue of HKD 318,280,000, a decrease of 16.4% compared to HKD 380,630,000 in the previous year[9]. - The gross profit for the year was HKD 33,206,000, with a gross margin of 10.4%, representing a decline of HKD 10,293,000 and a drop of 23.7% year-over-year[15]. - The company incurred a net loss of HKD 322,155,000, compared to a loss of HKD 172,132,000 in the previous year, resulting in a basic loss per share of HKD 0.4067[15]. - Revenue from household products increased by 24.1% to HKD 77,712,000, while the PVC pipes and fittings segment saw a revenue decline of 24.5% to HKD 239,110,000, resulting in a loss of HKD 30,423,000[9]. - The company reported a loss before tax of HKD 342,964,000 for 2024, compared to a loss of HKD 168,520,000 in 2023, indicating a significant increase in losses[156]. - Total comprehensive loss for the year was HKD 340,595,000, compared to HKD 199,033,000 in 2023, reflecting a 71.2% increase in total losses[156]. - Basic and diluted loss per share for 2024 was HKD 40.67, compared to HKD 21.80 in 2023, representing an increase of 86.5%[156]. Assets and Liabilities - As of December 31, 2024, the company's current assets were approximately HKD 1,040,716,000, down from HKD 1,131,688,000 a year earlier, with a current ratio of 1.04[14]. - The total equity of the company decreased by 23.3% to HKD 1,113,116,000, with a debt-to-equity ratio of 1.36[14]. - Non-current assets decreased to HKD 1,591,044,000 in 2024 from HKD 1,924,725,000 in 2023, a decline of 17.3%[157]. - Total liabilities decreased to HKD 1,518,644,000 in 2024 from HKD 1,605,017,000 in 2023, a decrease of 5.4%[157]. - The company's net assets decreased to HKD 1,113,116,000 in 2024 from HKD 1,451,396,000 in 2023, a decline of 23.2%[159]. Corporate Governance - The board of directors includes experienced members with backgrounds in manufacturing, finance, and law, ensuring diverse expertise in governance[20][22][24]. - The company has adopted measures to maintain high standards of corporate governance, aligning with the principles of the Hong Kong Stock Exchange's corporate governance code[27]. - The board regularly reviews corporate governance guidelines and practices to ensure compliance and effectiveness[27]. - The company has implemented a code of conduct for directors' securities trading, confirming adherence to the standards set forth by the Hong Kong Stock Exchange[28]. - The board consists of nine members, with four women, ensuring a diverse skill set and perspectives to meet the company's business needs[45]. Risk Management - The board is committed to maintaining effective risk management and internal control systems, which are reviewed annually for effectiveness[56]. - The company has identified key risks affecting its strategic goals and has implemented measures to control these risks at acceptable levels[54]. - The internal control system covers all significant monitoring functions, including financial, operational, compliance, and risk management[55]. - The company has established a clear organizational structure for risk management, ensuring appropriate risk culture and appetite[57]. Environmental, Social, and Governance (ESG) - The company reported a significant reduction in sulfur dioxide emissions, decreasing from 1,988 kg in 2023 to 995 kg in 2024, representing a 50% reduction[68]. - Nitrogen oxide emissions also saw a decline from 62 kg in 2023 to 30 kg in 2024, a reduction of approximately 52%[68]. - The total greenhouse gas emissions decreased from 15,959 tons in 2023 to 13,189 tons in 2024, marking a reduction of about 17.4%[72]. - The company is committed to adhering to all environmental laws and regulations, with no significant violations reported during the year[73]. - The board of directors has reviewed and approved the environmental, social, and governance (ESG) report, ensuring compliance with relevant guidelines[61]. Employee Management - As of December 31, 2024, the group employed approximately 492 staff, a decrease from 536 staff as of December 31, 2023[19]. - Total employee compensation for the year amounted to HKD 47,180,000, down from HKD 51,600,000 in the previous year, indicating a reduction of approximately 8.3%[19]. - The group encourages participation in training programs for management and staff, with a focus on internal training for employees at the China plant[19]. - Employee turnover rate for 2024 was 33%, with male turnover at 32% and female turnover at 34%[90]. - 52.85% of employees received training this year, with an average training duration of 1.8 hours[94]. Investments and Capital Expenditure - Approximately HKD 7,671,000 was spent on acquiring production and other equipment during the year[111]. - The company’s capital reserve increased to HKD 356,505,000 as of December 31, 2024, from HKD 351,385,000 at the beginning of the year, reflecting a growth of approximately 1.2%[160]. - The company has recognized a loss of HKD 263,461,000 from changes in the fair value of long-term other assets in 2024, compared to a loss of HKD 106,089,000 in 2023[156]. Shareholder Information - As of December 31, 2024, the total shares held by the directors and senior executives amount to 397,321,340, representing 50.16% of the company's issued share capital[117]. - The company has a three-year service agreement with all directors, expiring between June 2026 and June 2027[116]. - The company has no other shareholders holding 5% or more of the issued share capital as of December 31, 2024[120]. - The company has adopted a share option scheme to incentivize directors and eligible employees[132]. Auditor and Financial Reporting - The company will propose a resolution at the annual general meeting to reappoint Deloitte as the auditor[137]. - The auditor's report provides reasonable assurance that the financial statements are free from material misstatement, but does not guarantee that all errors will be detected[149]. - The governance team is responsible for overseeing the financial reporting process of the group[148]. - The audit committee has discussed the nature and scope of the audit with external auditors and reviewed interim and annual financial statements before submission to the board[50].

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 318,280,000, a decrease of 16.3% compared to HKD 380,630,000 in 2023[2] - Gross profit for the same period was HKD 33,206,000, down 23.7% from HKD 43,499,000 in the previous year[2] - The company reported a loss before tax of HKD 342,964,000, which is a significant increase from a loss of HKD 168,520,000 in 2023, reflecting a 103.5% rise in losses[3] - The total comprehensive loss for the year was HKD 340,595,000, compared to HKD 199,033,000 in 2023, indicating a 71.2% increase in total losses[3] - Basic and diluted loss per share was HKD 40.67, compared to HKD 21.80 in the previous year, representing an increase of 86.5%[3] - The company recorded a net loss of HKD 322,155,000 for the year, compared to a loss of HKD 172,132,000 in the previous year[37] Assets and Liabilities - Non-current assets decreased to HKD 1,591,044,000 from HKD 1,924,725,000, a decline of 17.3%[4] - Current assets decreased to HKD 1,040,716,000 from HKD 1,131,688,000, reflecting a decrease of 8.0%[4] - The company reported a total of HKD 7,671,000 in capital expenditures for property, plant, and equipment in 2024, compared to HKD 42,680,000 in 2023, indicating a significant reduction in investment[18][19] - The total liabilities as of December 31, 2024, were HKD 1,518,644,000, down from HKD 1,605,017,000 in 2023, representing a decrease of approximately 5.4%[17] - The company's net asset value decreased to HKD 1,113,116,000 from HKD 1,451,396,000, a decline of 23.2%[5] - The group's total equity decreased by 23.3% to HKD 1,113,116,000 as of December 31, 2024, compared to HKD 1,451,396,000 as of December 31, 2023[42] Segment Performance - The company operates in segments including household products and PVC pipes, with no consolidated operating segments reported[10] - The segment profit for household products was HKD 2,958,000, while the segment loss for PVC pipes and fittings was HKD 30,423,000, leading to a total segment loss of HKD 325,455,000 for the consolidated group[14][15] - In the home products segment, revenue increased by 24.1% to HKD 77,712,000, while the PVC pipes and fittings segment saw a revenue decline of 24.5% to HKD 239,110,000[38] Cash and Financing - The group had bank balances and cash of approximately HKD 653,530,000 as of December 31, 2024, down from HKD 716,404,000 as of December 31, 2023[41] - The group had a total available bank credit of HKD 123,937,000 as of December 31, 2024, with a utilization rate of 0%[41] - The group's debt-to-equity ratio increased to 1.36 as of December 31, 2024, from 1.11 as of December 31, 2023[42] Employee and Compensation - The total employee compensation for the year was HKD 47,180,000, down from HKD 51,600,000 in the previous year[44] - The group employed approximately 492 staff as of December 31, 2024, a decrease from 536 staff as of December 31, 2023[44] Future Plans and Developments - The company received a total monetary compensation of approximately HKD 964,447,000 from the government for a project in Shenzhen, which is expected to support future developments[39] - The company plans to relocate its PVC pipe and fittings production from a temporary facility in Dongguan to a new factory in Zhongshan, which is currently in the design and approval stage[40] - The company aims to collaborate with experienced real estate developers for ongoing projects in compliance with government directives[39] Governance and Compliance - The group has complied with the corporate governance code throughout the year ended December 31, 2024[47] - The group did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2024[45] Dividend - There will be no final dividend proposed for the fiscal year ending December 31, 2024[29]

Financial Performance - The company reported a revenue of HKD 159,263,000 for the six months ended June 30, 2024, a decrease of 11.9% compared to HKD 180,782,000 for the same period in 2023[2]. - The gross profit for the same period was HKD 25,674,000, representing a gross margin of 16.1%, down from HKD 18,875,000 and a margin of 10.4% in 2023[2]. - The company incurred a loss before tax of HKD 155,776,000, compared to a loss of HKD 134,448,000 in the previous year, indicating a deterioration in financial performance[2]. - The total comprehensive loss for the period was HKD 157,892,000, compared to HKD 180,953,000 in the same period last year, reflecting a reduction in overall losses[2]. - The company reported a basic and diluted loss per share of HKD 17.75 for the period, compared to HKD 16.41 in the previous year, indicating worsening per-share performance[2]. - The group recorded a consolidated revenue of HKD 159,263,000 for the six months ended June 30, 2024, a decrease of 11.9% or HKD 21,519,000 compared to HKD 180,782,000 in the same period last year[35]. - The group reported a loss of HKD 140,569,000 for the period, compared to a loss of HKD 129,215,000 in the same period last year[35]. Asset and Liability Management - Non-current assets decreased to HKD 1,754,690,000 as of June 30, 2024, from HKD 1,924,725,000 at the end of 2023, indicating a decline in asset value[3]. - Current assets totaled HKD 1,085,078,000, a slight decrease from HKD 1,131,688,000 at the end of 2023, showing a reduction in liquidity[3]. - The company's net current liabilities stood at HKD 16,356,000, down from HKD 33,615,000, indicating improved short-term financial health[3]. - Total equity decreased to HKD 1,293,504,000 from HKD 1,451,396,000, reflecting a decline in shareholder value[4]. - The group's total current assets were approximately HKD 1,085,078,000 as of June 30, 2024, down from HKD 1,131,688,000 as of December 31, 2023[40]. - The total equity of the group decreased by 10.9% to HKD 1,293,504,000 as of June 30, 2024, compared to HKD 1,451,396,000 as of December 31, 2023[40]. Cash Flow and Investments - For the six months ended June 30, 2024, the net cash used in operating activities was (46,108) thousand HKD, compared to a net cash generated of 14,528 thousand HKD for the same period in 2023[7]. - The net cash generated from investing activities was 75,973 thousand HKD, a decrease from 197,132 thousand HKD in the prior year[7]. - The net increase in cash and cash equivalents for the six months ended June 30, 2024, was 14,786 thousand HKD, resulting in a cash balance of 642,898 thousand HKD at the end of the period[7]. - The company generated HKD 4,196,000 in property, plant, and equipment purchases for the six months ended June 30, 2024, down from HKD 10,167,000 in the previous year, indicating a decrease of 58.8%[22]. Foreign Exchange and Financial Risks - The company experienced a foreign exchange loss of HKD 17,323,000 due to currency fluctuations, compared to a loss of HKD 51,738,000 in the previous year, showing some improvement in currency risk management[2]. - The company experienced a foreign exchange gain of 6,463 thousand HKD for the six months ended June 30, 2024, compared to a gain of 21,515 thousand HKD in the previous year[14]. - The finance costs for the six months ended June 30, 2024, amounted to 4,742 thousand HKD, down from 9,687 thousand HKD in the same period of 2023[15]. Operational Highlights - Total rental income from investment properties increased significantly to HKD 678,000 for the six months ended June 30, 2024, compared to HKD 165,000 for the same period in 2023, representing a growth of 310.9%[16]. - The company recorded bank interest income of HKD 9,646,000 for the six months ended June 30, 2024, a substantial increase from HKD 681,000 in the previous year, marking an increase of approximately 1,320.4%[16]. - Deferred tax credits for the period amounted to HKD 7,719,000, up from HKD 1,660,000 in the previous year, reflecting a growth of 364.5%[17]. - The company reported a loss from investment property fair value changes of (820) thousand HKD for the six months ended June 30, 2024, compared to a gain of 790 thousand HKD in the previous year[14]. Shareholder Information - The company reported a total of 792,117,421 shares issued and fully paid as of June 30, 2024, an increase from 785,617,421 shares at the beginning of the year[30]. - As of June 30, 2024, the total shareholding of directors and senior executives amounted to 388,485,340 shares, representing 49.04% of the company's issued share capital[43]. - The largest individual shareholder, Li Da Hing, holds 20,756,072 personal shares and 58,121,087 family shares, totaling 388,485,340 shares[43]. - The company has not been notified of any other shareholders holding 5% or more of the issued share capital as of June 30, 2024[47]. Employee and Management Information - As of June 30, 2024, the group employed approximately 510 staff, a decrease from 572 staff as of June 30, 2023[42]. - Total employee compensation for the period amounted to HKD 23,449,000, compared to HKD 23,018,000 for the same period last year, reflecting an increase of 1.87%[42]. - The company has a policy to regularly review employee compensation levels and performance bonus systems to ensure competitiveness within the industry[42]. - Short-term employee benefits for key management personnel decreased from HKD 9,394,000 in December 2023 to HKD 8,503,000 in June 2024, a decline of about 9.5%[31]. Corporate Governance - The audit committee reviewed the accounting principles and practices adopted by the group and discussed audit, internal control, and financial reporting matters, including the unaudited interim results for the six months ending June 30, 2024[52]. - The board believes that the company has adopted and complied with the corporate governance code as set out in Appendix 14 of the Hong Kong Stock Exchange Listing Rules during the first six months ending June 30, 2024[53]. - The company has adopted a set of standards for directors' securities transactions that are not less stringent than those set out in Appendix 10 of the Listing Rules, and all directors confirmed compliance with these standards[54].

Financial Performance - The company's revenue for the six months ended June 30, 2024, was HKD 159,263,000, a decrease of 11.9% compared to HKD 180,782,000 for the same period in 2023[1] - Gross profit for the period was HKD 25,674,000, with a gross margin of 16.1%, compared to HKD 18,875,000 and a margin of 10.4% in the previous year[1] - The net loss for the period was HKD 140,569,000, compared to a net loss of HKD 129,215,000 in the same period last year, reflecting a year-over-year increase in losses of 8.7%[1] - Total comprehensive expenses for the period amounted to HKD 157,892,000, down from HKD 180,953,000 in the prior year, indicating a reduction of 12.8%[2] - The total segment loss for the six months ended June 30, 2024, was HKD 147,312,000, compared to HKD 110,356,000 for the same period in 2023, indicating an increase in losses of about 33.5%[10] - Rental income for the six months ended June 30, 2024, was HKD 1,362,000, compared to HKD 3,360,000 for the same period in 2023, reflecting a decline of approximately 59.5%[10] - The pre-tax loss for the six months ended June 30, 2024, was HKD 155,776,000, compared to HKD 134,448,000 for the same period in 2023, representing an increase of approximately 15.9%[10] - The group reported a loss of HKD 140,569,000 for the period, compared to a loss of HKD 129,215,000 in the previous year[24] Assets and Liabilities - The company's total assets less current liabilities stood at HKD 1,771,046,000, a decrease from HKD 1,958,340,000 as of December 31, 2023[4] - Current liabilities decreased to HKD 1,068,722,000 from HKD 1,098,073,000, showing a reduction of 2.7%[4] - Non-current assets totaled HKD 1,754,690,000, down from HKD 1,924,725,000, representing a decline of 8.8%[3] - The group's current assets were approximately HKD 1,085,078,000 as of June 30, 2024, down from HKD 1,131,688,000 as of December 31, 2023[27] - The total equity of the group decreased by 10.9% to HKD 1,293,504,000 as of June 30, 2024, compared to HKD 1,451,396,000 as of December 31, 2023[27] - The group's debt-to-equity ratio increased to 1.20 as of June 30, 2024, from 1.11 as of December 31, 2023[27] Cash and Receivables - The company's cash and cash equivalents were HKD 642,898,000, slightly up from HKD 636,149,000 at the end of the previous year[3] - Trade and other receivables increased to HKD 287,743,000 from HKD 273,297,000, reflecting a growth of 5.3%[3] - As of June 30, 2024, the group's cash and bank deposits amounted to approximately HKD 649,455,000, a decrease from HKD 716,404,000 as of December 31, 2023[27] Employee and Compensation - The total employee compensation for the period was HKD 23,449,000, compared to HKD 23,018,000 for the same period in 2023[29] - The group employed approximately 510 staff as of June 30, 2024, down from 572 staff as of June 30, 2023[29] Dividends and Governance - The company did not declare any dividends for the interim period ending June 30, 2023, nor for the previous interim period[17] - The group has adopted corporate governance practices in compliance with the relevant rules and regulations as of June 30, 2024[33] Other Financial Metrics - The company reported a basic and diluted loss per share of HKD 17.75, compared to HKD 16.41 in the previous year, indicating a worsening in per-share performance[2] - The group reported a basic and diluted loss per share of HKD 0.177 for the six months ended June 30, 2024, compared to HKD 0.164 for the same period in 2023, indicating a worsening of the loss per share by about 7.9%[18] - Interest income from bank deposits for the six months ended June 30, 2024, was HKD 9,646,000, significantly higher than HKD 681,000 for the same period in 2023[14] - The fair value change of investment properties resulted in a loss of HKD 820,000 for the six months ended June 30, 2024, compared to a gain of HKD 790,000 in the same period in 2023[11] - Depreciation of property, plant, and equipment for the six months ended June 30, 2024, was HKD 13,653,000, down from HKD 16,650,000 in the same period in 2023, indicating a decrease of approximately 18%[13] Segment Performance - The home products segment achieved a revenue of HKD 37,494,000, a 51.9% increase from HKD 24,686,000 year-on-year, but recorded a loss of HKD 10,218,000[25] - Revenue from the PVC pipes and fittings segment was HKD 120,407,000, a decrease of 21.2% from HKD 152,736,000 in the previous year, with a loss of HKD 8,217,000[25] Compensation and Agreements - The group received a prepayment of RMB 502,692,000 (approximately HKD 539,948,000) for land compensation as of June 30, 2024[22] - The group also received RMB 385,434,000 (approximately HKD 414,000,000) for relocation compensation and RMB 19,419,000 (approximately HKD 20,858,000) for underground engineering compensation[22] - The group is preparing to receive compensation for replacement land as part of the land recovery agreement with local authorities[26] - The group is in the process of submitting a building design concept plan to the Chinese government as part of an investment agreement signed with the Zhongshan Shaxi Town People's Government[26] Credit and Securities - The group had a total available bank credit of HKD 377,217,000 as of June 30, 2024, with a utilization rate of 0%[27] - The group has pledged assets with a net book value of HKD 122,012,000 as collateral for general bank credit[28] - The group has not engaged in any purchase, sale, or redemption of its listed securities during the six months ending June 30, 2024[30]

Financial Performance - The group recorded a consolidated revenue of HKD 380,630,000 for the year ended December 31, 2023, a decrease of 39.5% compared to HKD 628,672,000 in the previous year[38]. - The gross profit was HKD 43,499,000 with a gross margin of 11.4%, down by HKD 3,919,000 and 8.3% respectively from the previous year[56]. - The group incurred a loss of HKD 172,132,000 for the year, an improvement from a loss of HKD 213,452,000 in the previous year[43]. - The revenue from the PVC pipe and fittings segment was HKD 316,493,000, a decline of 36.4% from HKD 497,440,000 last year, with a segment loss of HKD 33,436,000[39]. - In the household products segment, revenue was HKD 62,602,000, down 51.8% from HKD 129,959,000, with a profit of HKD 4,813,000[53]. - Basic loss per share was HKD 0.2180, an improvement from a loss of HKD 0.2745 per share in the same period last year[74]. - The company reported a pre-tax loss of HKD 219,453,000 for the year, influenced by financial costs of HKD 21,838,000 and unallocated corporate expenses of HKD 28,128,000[172]. - The total segment profit (loss) for the year was a loss of HKD 173,866,000, with segment profits of HKD 16,549,000 from household products and HKD 6,381,000 from PVC pipes and fittings[172]. Assets and Liabilities - As of December 31, 2023, the group had cash and bank deposits of approximately HKD 716,404,000, an increase from HKD 593,280,000 in the previous year[43]. - The group's current assets were approximately HKD 1,131,688,000, compared to HKD 1,116,008,000 on December 31, 2022[58]. - The group's current ratio as of December 31, 2023, was approximately 1.03, down from 1.10 on December 31, 2022[58]. - Total equity decreased by 11.7% to HKD 1,451,396,000 as of December 31, 2023, from HKD 1,642,880,000 a year earlier[58]. - The debt-to-equity ratio increased to 1.11 as of December 31, 2023, compared to 0.95 on December 31, 2022[58]. - Total liabilities as of December 31, 2023, were HKD 1,605,017, compared to HKD 1,561,039 as of December 31, 2022, indicating an increase in liabilities[196]. - Inventory as of December 31, 2023, was valued at HKD 133,553,000, a decrease from HKD 172,694,000 in 2022[143]. Strategic Initiatives - The group plans to relocate its PVC pipe and fittings production from a temporary facility in Dongguan to a new factory in Zhongshan, with a development project covering approximately 119 acres[54]. - The construction and renovation of the residential and commercial properties in the "Huayang Nian Xuhui Good Times Community" urban renewal project are expected to be completed in 2024[46]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[7]. Economic Environment - The group anticipates challenges in the global economy due to lingering effects of the pandemic and international political tensions[40]. - The ongoing impact of the pandemic has led to a decline in revenue and gross profit across various product lines[69]. Financial Management - The group has not utilized any of its available bank credit of HKD 382,416,000, resulting in a utilization rate of 0%[43]. - The group has fully repaid bank borrowings ahead of schedule as of December 31, 2023[93]. - The group has pledged certain leasehold land and buildings, investment properties, and bank deposits totaling HKD 125,128,000 as collateral for general bank credit[77]. - The group recognizes government grants as income during the period they are receivable[105]. - The group measures expected credit losses for financial assets based on the expected credit loss model as per HKFRS 9[126]. Market Presence - The company reported that over 90% of its home product sales were made to customers in the United States for the year ending December 31, 2023[199]. - The group has over 90% of its non-current assets located in China, highlighting its concentrated market presence[2]. Shareholder Information - As of December 31, 2023, the number of unexercised share options was 41,300,000, representing 5.2% of the total issued shares[4]. - The weighted average exercise price of the share options was HKD 0.446, reflecting the company's compensation strategy for employees[4]. Impairment and Valuation - The group reported losses of HKD 1,083,000 and HKD 106,089,000 from fair value changes in investment properties and long-term assets, respectively[70]. - The expected credit loss provision for trade receivables is under review, with significant uncertainty regarding the final amounts to be recognized[139]. - The company’s directors have made significant judgments regarding the valuation of compensation properties, which may affect reported earnings[167]. - The group recognizes impairment losses on property, plant, and equipment and right-of-use assets individually[121].

Financial Performance - The group reported a consolidated revenue of HKD 380,630,000 for the year ended December 31, 2023, a decrease of 39.5% compared to HKD 628,672,000 in the previous year[5]. - The gross profit was HKD 43,499,000, with a gross margin of 11.4%, down from HKD 47,418,000 in the previous year[5]. - The net loss for the year was HKD 172,132,000, an improvement from a loss of HKD 213,452,000 in the same period last year[4]. - The company reported a pre-tax loss of HKD 168,520,000 for the year ended December 31, 2023, compared to a loss of HKD 219,453,000 in the previous year, representing a 23.2% improvement[49]. - The company experienced a total comprehensive loss of HKD 199,033,000 for the year, down from HKD 299,647,000 in the prior year, indicating a 33.5% reduction in overall losses[49]. - The group recorded a total segment profit (loss) of HKD (173,866,000), with significant losses in the PVC pipe segment[42]. - The basic and diluted loss per share for the year was HKD (21.80), an improvement from HKD (27.45) in the previous year[49]. - The group did not recommend the payment of a final dividend for the year ended December 31, 2023[83]. Revenue Breakdown - Total revenue for the year was HKD 628,672,000, with customer contract revenue contributing HKD 621,628,000 and rental income of HKD 7,044,000[42]. - The total segment revenue for household products was HKD 62,602,000, while PVC pipes and fittings generated HKD 316,493,000[63]. - The revenue for PVC pipes and fittings was HKD 316,493,000, a decrease of 36.4% from HKD 497,440,000 last year, resulting in a loss of HKD 33,436,000 for this segment[87]. - The revenue for household products was HKD 62,602,000, a decline of 51.8% from HKD 129,959,000 last year, with a profit of HKD 4,813,000[106]. Assets and Liabilities - Trade and other payables increased to HKD 1,024,120,000 from HKD 899,013,000 year-on-year[26]. - The total assets less current liabilities decreased to HKD 1,958,340,000 from HKD 2,185,535,000 compared to the previous year[26]. - The net asset value of the group was HKD 1,451,396,000, down from HKD 1,642,880,000 in the previous year[26]. - Non-current assets decreased to HKD 1,924,725,000 from HKD 2,087,911,000 year-over-year, reflecting a decline of 7.8%[50]. - The total assets of the group as of December 31, 2023, amounted to HKD 3,056,413,000, a decrease from HKD 3,203,919,000 as of December 31, 2022[65]. - The current ratio as of December 31, 2023, was approximately 1.03, down from 1.10 on December 31, 2022[112]. - Total equity decreased by 11.7% to HKD 1,451,396,000 as of December 31, 2023, compared to HKD 1,642,880,000 the previous year[112]. Cash and Financial Position - The company reported a net cash position of HKD 636,149,000, an increase from HKD 587,074,000 in the previous year, showing a growth of 8.3%[50]. - As of December 31, 2023, the group had cash and bank deposits of approximately HKD 716,404,000, an increase from HKD 593,280,000 on December 31, 2022[111]. - The group recorded a financial cost of HKD 13,434,000 for the year[62]. - The group recorded a net foreign exchange gain of HKD 7,229,000 for the year, compared to HKD 44,613,000 in the previous year[70]. Operational Developments - The company is expecting the completion of the construction and renovation of the commercial property related to the "Huayang Nian Xuhui Haoshiguang Home" urban renewal project in Shenzhen by 2024[7]. - The group is considering the development of an industrial land of approximately 119 acres in Zhongshan, planning to relocate its PVC pipe production and sales operations from Dongguan to the new facility[8]. - The group is in discussions with the government regarding compensation details for land replacement related to a project in Shenzhen[109]. Corporate Governance - The company has adopted a set of guidelines for directors' securities trading that are not less stringent than those set out in the Listing Rules[17]. - The company has complied with the corporate governance code as per the listing rules during the fiscal year ending December 31, 2023[117]. - No purchases, sales, or redemptions of the company's listed securities were made during the fiscal year[116]. Employee and Compensation - The group employed approximately 536 staff as of December 31, 2023, down from 570 the previous year, with total employee compensation for the year amounting to HKD 51,600,000[115]. Reporting and Future Actions - The annual report for 2023 will be published on the company's website and sent to shareholders in printed form as soon as practicable[122]. - The company will suspend shareholder registration from June 7 to June 13, 2024, to prepare for the annual general meeting[116].

中 期 報 告 2023 Interim Report 2023 目錄 | 公司資料 | 2 | | --- | --- | | 簡明綜合損益及其他全面收益表 | 3 | | 簡明綜合財務狀況表 | 4 | | 簡明綜合權益變動表 | 6 | | 簡明綜合現金流量表 | 7 | | 簡明綜合財務報表附註 | 8 | | 簡明綜合財務報表之審閱報告 | 25 | | 管理層討論及分析 | 27 | | 其他資料 | 32 | 1 世界（集團）有限公司 中期報告2023 公司資料 董事會 執行董事 李達興先生 （主席） 馮美寶女士 （行政總裁） 李振聲先生 李國聲先生 梁祖威先生（於2023 年 7 月 1日生效） 徐志遠先生（於2023 年 7 月 1日生效） 李漢聲先生（於2023 年 7 月 1日生效） 崔志謙先生 何德基先生 許志權先生 曾詠儀女士（於2023 年 7 月 1日生效） 項婷女士（於2023 年 7 月 1日生效） 合資格會計師 梁祖威先生， FCCA ，CPA 非執行董事 張子文先生 李家儀女士（於2023 年 7 月 1日生效） 獨立非執行董事 公司秘書 徐志遠先生， CPA 主要辦事處 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分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。 WORLD H世OU界SE（W集AR團E ）(H有OL限DI公NG司S) LIMITED （於開曼群島註冊成立7之13有限公司） （股份代號： ） 二零二三年中期業績公佈 世界（集團）有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公司 （「本集團」）截至二零二三年六月三十日止六個月之未經審核綜合中期業績連同二 零二二年同期之比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 二零二三年 二零二二年 一月一日至 一月一日至 二零二三年 二零二二年 六月三十日 六月三十日 附註 千港元 千港元 （未經審核） （未經審核） 3 180,782 320,919 營業額 (161,907) (282,312) 銷售成本 18,875 38,607 ...

Corporate Governance - The company has adopted a compensation policy for directors, CEOs, and senior management, which is reviewed annually and recommended to the board[1]. - The remuneration of non-executive and independent non-executive directors is linked to their responsibilities and contributions to the effective operation of the board[2]. - The company’s board is committed to high standards of corporate governance, regularly reviewing governance guidelines and adhering to the principles of the Hong Kong Stock Exchange[18]. - The board consists of a balanced mix of executive, non-executive, and independent non-executive directors, ensuring no concentration of power[20]. - The company’s remuneration committee held one meeting in 2022, with a 100% attendance rate from all members[12]. - The nomination committee also held one meeting in 2022, with all members attending, ensuring effective board appointments[14]. - The company secretary provides ongoing updates to the board regarding compliance with listing rules and governance practices[6]. - The company emphasizes continuous professional development for all directors to enhance their knowledge and skills[9]. - The board has established a clear separation of roles between the chairman and the CEO to maintain a balance of power[7]. - The board of directors has maintained a 100% attendance rate in all meetings held during the year[24]. - The audit committee held two meetings in 2022, with a 100% attendance rate from all members[117]. - The risk committee was established on April 1, 2016, and held one meeting in 2022 to oversee the company's business and assess its ability to respond to changes in the business and external environment[121][146]. - The board of directors does not recommend the payment of dividends for the year ending December 31, 2022[108]. - The board consists of eight members, including one female director, reflecting a commitment to diversity in skills, experience, and perspectives[115]. - The board has established a clear organizational structure for risk management, ensuring accountability and effective monitoring of risk levels[149]. - The board conducted an annual review of the risk management and internal control systems, concluding they are effective and sufficient[151]. - The company has established service agreements for a term of three years with all directors, ensuring continuity in leadership[185]. Financial Performance - For the year ended December 31, 2022, the group recorded a revenue of HKD 628,672,000, a decrease of 28.4% compared to the previous year[63]. - The group reported a loss of HKD 213,452,000 for the year, compared to a profit of HKD 44,022,000 in the same period last year[64]. - The group recorded a consolidated revenue of HKD 628,672,000 for the year ended December 31, 2022, a decrease of 28.4% from HKD 878,030,000 in the previous year[84]. - Gross profit was HKD 47,418,000 with a gross margin of 7.5%, representing a decline of HKD 102,006,000 and 68.32% compared to the same period last year[91]. - The group reported a net loss of HKD 213,452,000 for the year[84]. - Basic loss per share was HKD 0.2745, compared to earnings of HKD 0.0573 per share in the previous year[91]. - As of December 31, 2022, the group had cash and bank deposits of approximately HKD 593,280,000, down from HKD 849,593,000 a year earlier[92]. - The total equity of the group decreased by 15.3% to HKD 1,642,880,000 from HKD 1,939,591,000 as of December 31, 2021[93]. - The current ratio was approximately 1.10 as of December 31, 2022[93]. - The group has pledged assets totaling HKD 132,437,000 as collateral for general bank credit[95]. - The company reported a total reserve available for distribution to shareholders of approximately HKD 199,491,000 as of December 31, 2022, compared to HKD 214,674,000 in 2021, indicating a decrease of about 7%[132]. Operational Strategies - The group plans to adjust its operational strategies and reduce multiple expenditures to allocate resources appropriately[61]. - The group aims to enhance its decision-making and management capabilities by hiring professionals and high-tech personnel for new environmentally friendly business development[61]. - The group will invest in advanced machinery and equipment to improve production capacity and operational strategies[61]. - The group continues to conduct business transactions primarily in HKD, USD, and RMB, with no significant difficulties from foreign exchange fluctuations[66]. - The group will announce updates regarding the construction progress of the "Huayangnian Xuhui Haoshiguang Community Renewal Project" in Shenzhen upon receipt of the relevant properties[60]. - Approximately HKD 43,003,000 was spent on acquiring production and other equipment during the year[198]. Risk Management - The company has established a risk management system with key features aimed at ensuring effective risk management and internal controls[122]. - The company identified several key risks affecting its strategic goals and has implemented remedial measures to keep these risks at acceptable levels[149]. - The group emphasizes employee health and safety, ensuring a safe working environment with no work-related injuries reported during the reporting period[180]. - The group conducts long-term quality monitoring and regular inspections of all suppliers to maintain product quality[181]. - The group strictly adheres to national laws and regulations, maintaining a policy against bribery and corruption[195]. Environmental Initiatives - The company actively fulfills its social responsibilities and implements environmental protection measures to reduce harmful waste[129]. - The company has actively promoted environmental protection initiatives, including paper-saving practices and encouraging water conservation among employees[155]. - Water consumption for the year ended December 31, 2022, was 384 cubic meters, an increase from 281 cubic meters in 2021, representing a 36.7% increase[156]. - Electricity consumption decreased to 85,448 kWh in 2022 from 95,472 kWh in 2021, reflecting a reduction of 10.6%[156]. - Paper consumption increased to 920 kg in 2022 from 875 kg in 2021, marking a rise of 5.1%[156]. - The company reported a significant reduction in water consumption per ton sold, decreasing to 4.68 cubic meters per ton in 2022 from 4.18 cubic meters per ton in 2021[158]. - Total electricity consumption per ton sold was stable at 681 kWh per ton in 2022, slightly down from 682 kWh per ton in 2021[158]. Shareholder Communication - The company has maintained effective communication with shareholders, providing timely updates on its annual and interim results as per listing rules[173]. - The group has a significant public float, ensuring ample liquidity in the market[194]. - The company has a robust employee compensation policy based on performance, qualifications, and capabilities[192]. - The company has established a qualified supplier list to ensure procurement only from approved suppliers[181].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分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。 WORLD H世OU界SE（W集AR團E ）(H有OL限DI公NG司S) LIMITED （於開曼群島註冊成立7之13有限公司） （股份代號： ） 截至二零二二年十二月三十一日止年度業績公佈 世界（集團）有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司 （「本集團」）截至二零二二年十二月三十一日止年度之經審計綜合財務業績連同去 年同期之比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 2 628,672 878,030 營業額 (581,254) (728,606) 銷售成本 ...