2024/2025 電子線圈業務始創於1979年，經過多年來不斷循序發展，至今已成為較具規模的電子線圈製造 商，產品市場來自包括電訊及資訊科技設備、數據網絡及電壓轉換技術、辦公室自動化設備、 影音產品，以及家居電器及電動工具等不同行業。CEC國際於電子線圈業務經驗豐富且具競爭 力，在中國內地設有具規模之生產設施、研發部門、銷售與客戶服務、及遍佈中國香港及中國 內地之市場推廣中心。 本集團於2010年7月7日創立759阿信屋，參照日本生活區的消費模式開拓本地的零售業務，向 顧客提供優閒的購物環境及多種多樣的產品，並以服務本港街坊為目標。除日本外，貨源亦來 自歐洲各國、東南亞、韓國、中國內地及台灣等。759阿信屋積極將進貨領域進一步擴大，除 食品外，自行進口急凍食品、酒類、住宅用品、廚具及個人護理用品等，為本港顧客提供更全 面的選擇。未來，759阿信屋將繼續致力為街坊服務，提供舒適悠閒、多元、具新意的購物體驗。 CEC國際於1999年11月在香港聯合交易所有限公司上市，期望通過資本市場的監督，有序按步 完善公司之企業管治水平。並以努力不懈的態度持續發展企業之業務，為股東帶來穩紮之長期 投資回報。 | 2 | CE ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: CEC INTERNATIONAL HOLDINGS LIMITED (CEC國際控股有限公司*) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00759 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | ...

Group 1 - The core viewpoint of the article indicates that CEC International Holdings (00759.HK) reported a slight decline in comprehensive income for the fiscal year ending April 30, 2025, amounting to HKD 1.44 billion, a decrease of 1.7% compared to the previous fiscal year [1] - The annual loss attributable to equity holders increased to HKD 43.83 million, representing a 47.0% expansion from the prior year [1] - Despite the overall loss, the company has shown gradual improvement in performance when assessed biannually, suggesting that cost-cutting measures implemented during the economic downturn are yielding some positive results [1] Group 2 - According to data from the Hong Kong Census and Statistics Department, the total sales value of the retail industry in Hong Kong has experienced a year-on-year decline for 14 consecutive months, indicating a deteriorating operating environment for the local retail market [1] - In response to the challenging conditions, the company has taken steps to optimize sourcing, improve store displays, and enhance employee service quality to mitigate the decline in revenue as much as possible [1]

智通财经APP讯，CEC INT'L HOLD(00759)公布截至2025年4月30日止年度全年业绩，收益约14.44亿港 元，同比减少1.72%;净亏损4383.1万港元，同比增长约47%;每股亏损6.58港仙。 ...

洲际油气股份有限公司发布了关于股东减持股份的计划公告。安东石油技术（集团）有限公司目前持有 公司股份291,488,519股，占公司总股本的7.03%，这些股份来源于公司执行的司法重整。安东石油指定 北京厚晟、厦门久承、北京钰晟达、海口东铎四家主体直接持有266,666,667股，安东软件持有 24,821,852股。 根据减持计划，北京厚晟、厦门久承、海口东铎拟在公告披露之日起15个交易日后的3个月内进行减 持。在任意连续90日内，通过集中竞价方式减持不超过41,500,000股（约占公司总股本的1%），通过大 宗交易方式减持不超过83,000,000股（约占公司总股本的2%）。具体减持数量分别为北京厚晟不超过 13,761,400股，厦门久承不超过5,976,000股，海口东铎不超过104,762,600股。 安东石油及其一致行动人承诺自受让转增股票之日起12个月内不转让或委托他人管理其基于本次重整投 资所直接或间接持有的公司股份。此次减持计划符合相关法律法规，不存在不得减持股份的情形。洲际 油气股份有限公司董事会于2025年3月29日发布公告。 以上内容为证券之星据公开信息整理，由智能算法生成（网信算备 ...

Financial Performance - Total revenue for the six months ended October 31, 2024, was HKD 702,392,000, a decrease of 6.4% compared to HKD 750,947,000 in the same period of 2023[7] - Gross profit for the same period was HKD 275,609,000, down 9.0% from HKD 302,354,000 year-over-year[7] - The company reported an operating loss of HKD 25,384,000, compared to an operating profit of HKD 7,783,000 in the previous year[7] - Net loss attributable to equity holders for the period was HKD 28,648,000, compared to a profit of HKD 330,000 in the same period last year[7] - Basic and diluted loss per share was HKD 4.30 cents, compared to earnings of HKD 0.05 cents per share in the prior year[7] - The total comprehensive loss for the period amounted to HKD 29,344,000, which includes a loss of HKD 28,648,000 attributed to the period[15] - The group incurred a total loss of HKD 28,648,000 for the period, compared to a profit of HKD 330,000 in the same period last year[29] - Operating loss for the retail segment was HKD 10,719,000, compared to a profit of HKD 20,456,000 in the previous year[29] Assets and Liabilities - Total assets as of October 31, 2024, were HKD 880,594,000, a slight decrease from HKD 886,305,000 as of April 30, 2024[13] - Total liabilities increased to HKD 418,947,000 from HKD 395,314,000, indicating a rise in financial obligations[13] - The company's current liabilities exceeded current assets by HKD 8,265,000 as of October 31, 2024, primarily due to the recognition of lease liabilities[23] - The company reported a total equity of HKD 461,647,000 as of October 31, 2024, down from HKD 490,991,000 at the beginning of the period[15] - The company's total liabilities included HKD 130,997,000 in current lease liabilities and HKD 90,418,000 in non-current liabilities[23] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 54,543,000 from HKD 71,422,000, indicating a decline in liquidity[13] - The company reported a net cash generated from operating activities of HKD 76,434,000 for the six months ended October 31, 2024, compared to HKD 78,323,000 for the same period in 2023, reflecting a decrease of approximately 2.4%[18] - The company’s cash and cash equivalents decreased by HKD 16,778,000, from HKD 71,422,000 at the beginning of the period to HKD 54,543,000 at the end of the period[18] - The company incurred a loss of HKD 3,905,000 in cash flow from investing activities, down from HKD 6,466,000 in the previous year, indicating a reduction in investment expenditures[18] - The financing activities resulted in a net cash outflow of HKD 89,307,000, compared to HKD 81,448,000 in the prior year, showing an increase in financing costs[18] Revenue Segmentation - Retail business revenue was HKD 675,013,000, down 7.1% from HKD 726,750,000 year-over-year[29] - The electronic components manufacturing segment reported revenue of HKD 26,956,000, an increase of 13.4% from HKD 23,703,000 in the previous year[29] - The retail segment revenue for the same period was HKD 675,013,000, down 7.1% from HKD 726,750,000 in 2023, accounting for approximately 96% of total revenue[49] - The gross profit for the six months ended October 31, 2024, was HKD 275,609,000, compared to HKD 302,354,000 in 2023, reflecting the decline in revenue[46] Market Challenges and Strategies - The company is facing challenges in the retail market due to high outbound travel by local residents and persistent high interest rates affecting consumer spending[47] - Management anticipates that the current challenging retail market conditions will persist for a considerable time, and plans to implement cost-saving measures[70] - The procurement team will continue to expand sourcing channels and regularly introduce new products to enhance customer shopping experience[70] - The company plans to negotiate lease renewals for stores with expiring leases to adjust rental levels according to market conditions[70] - Management will close underperforming stores to improve overall profitability in the retail business[70] Corporate Governance - The company has adopted the corporate governance code as per the listing rules, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[78] - The Audit Committee consists of three independent non-executive directors and has held regular meetings to review accounting principles and internal controls[79] - The Remuneration Committee is responsible for establishing a transparent process for determining the remuneration of directors and senior management[80] - The Nomination Committee evaluates the board's structure and diversity, ensuring alignment with the company's corporate strategy[81] - All directors confirmed compliance with the standard code of conduct regarding securities trading during the six months ending October 31, 2024[82]

Financial Performance - CEC International Holdings Limited reported a revenue of HKD 702,392,000 for the six months ended October 31, 2024, a decrease of 6.4% compared to HKD 750,947,000 for the same period in 2023[2]. - The gross profit for the same period was HKD 275,609,000, down 8.8% from HKD 302,354,000 year-on-year[2]. - The company recorded an operating loss of HKD 25,384,000, compared to an operating profit of HKD 7,783,000 in the previous year[2]. - The net loss attributable to equity holders was HKD 28,648,000, a significant decline from a profit of HKD 330,000 in the prior period[2]. - The comprehensive loss attributable to equity holders for the period was HKD 29,344,000, compared to HKD 7,656,000 in the previous year[4]. - The group reported an operating loss of HKD 17,247,000 for the six months ended October 31, 2024, compared to a profit of HKD 15,763,000 in 2023[15]. - The group recorded a net loss attributable to equity holders of HKD 28,648,000 for the six months ended October 31, 2024, compared to a profit of HKD 330,000 in 2023[25]. - The group recorded a loss attributable to equity holders of HKD 28,648,000 for the period, compared to a profit of HKD 330,000 in 2023[33]. Assets and Liabilities - The total assets as of October 31, 2024, were HKD 880,594,000, slightly down from HKD 886,305,000 as of April 30, 2024[6]. - Current liabilities exceeded current assets by HKD 8,265,000, primarily due to lease liabilities totaling HKD 130,997,000[9]. - The company’s total equity decreased to HKD 461,647,000 from HKD 490,991,000 in the previous reporting period[6]. - The total liabilities of the group increased to HKD 418,947,000 as of October 31, 2024, compared to HKD 395,314,000 as of April 30, 2024[17]. - The current ratio decreased to 0.97 as of October 31, 2024, reflecting the impact of economic conditions on the group's performance[53]. Revenue Breakdown - Retail business revenue for the six months ended October 31, 2024, was HKD 675,013,000, a decrease of 7.1% from HKD 726,750,000 in 2023[15]. - Electronic components manufacturing revenue increased to HKD 26,956,000, up 13.5% from HKD 23,703,000 in 2023[15]. - Retail business segment revenue was HKD 675,013,000, down 7.1% from HKD 726,750,000 in 2023, accounting for approximately 96% of total revenue[35]. - The gross profit for the retail segment decreased to HKD 272,424,000, a decline of about 8.9% from HKD 299,075,000 in 2023, with a gross margin of 40.4%[36]. - The electronic components manufacturing segment reported revenue of HKD 26,956,000, an increase of 13.7% from HKD 23,703,000 in 2023[40]. Cash Flow and Financing - The financial income for the period was HKD 1,011,000, compared to HKD 1,100,000 in the previous year[2]. - The group has sufficient operating cash flow and bank financing to meet its financial obligations for the next twelve months[9]. - The net cash outflow for the six months ended October 31, 2024, was HKD 16,778,000, compared to HKD 9,591,000 in the same period of 2023[49]. - Operating cash inflow for the period was HKD 76,434,000, a decline of 2.4% from HKD 78,323,000 in 2023[49]. - The total bank credit available was approximately HKD 382,375,000, with an unused credit amount of HKD 348,512,000 as of October 31, 2024[43]. Operational Changes - The group closed 5 stores and opened 9 new stores, resulting in a total of 169 stores as of October 31, 2024[38]. - The group experienced a significant decline in consumer spending due to high local interest rates and reduced foot traffic in retail areas[32]. - The total inventory value for the retail segment increased by 14.4% to HKD 152,334,000 as of October 31, 2024, compared to HKD 133,190,000 on April 30, 2024[36]. - Inventory increased by 11.8% to HKD 169,185,000 as of October 31, 2024, due to a more aggressive purchasing policy aimed at enhancing product offerings[44]. - The retail segment's selling and distribution expenses were HKD 236,928,000, an increase of 1.2% from HKD 234,111,000 in 2023[39]. Management and Governance - The group did not declare any interim dividend for the six months ending October 31, 2024[26]. - Management anticipates that the current challenging retail environment will persist for an extended period and plans to implement cost-saving measures[59]. - The group will continue to expand its sourcing range and introduce new products regularly to enhance customer experience and improve retail segment revenue[59]. - The company has adopted the standard code of conduct for directors' securities trading as per the listing rules, confirming compliance for the six months ending October 31, 2024[66]. - The audit committee consists of three independent non-executive directors, with regular meetings held at least twice per fiscal year to review accounting principles and internal controls[64]. - The current structure of having one individual serve as both the chairman and CEO is believed to provide strong and effective leadership for the company[63]. Reporting and Future Outlook - The interim report for the six months ending October 31, 2024, will be published by January 31, 2025, and will be available on the company's website[67].

Financial Performance - For the fiscal year ending April 30, 2024, the company reported revenue of HKD 1,469,606,000, a decrease from HKD 1,692,403,000 in 2023[6] - The company incurred a loss attributable to equity holders of HKD (29,812,000) for 2024, compared to a profit of HKD 49,565,000 in 2023[6] - Total assets decreased to HKD 886,305,000 in 2024 from HKD 917,091,000 in 2023[6] - The company's net asset value was HKD 490,991,000 in 2024, down from HKD 533,543,000 in 2023[6] - The basic loss per share for 2024 was HKD (4.47), compared to earnings of HKD 7.44 per share in 2023[6] - Revenue decreased by 13.2% to HKD 1,469,606,000 (2023: HKD 1,692,403,000) [9] - The company recorded a loss of HKD 29,812,000 (2023: profit of HKD 49,565,000) [9] - Basic loss per share was HKD 0.0447 (2023: basic earnings of HKD 0.0744) [9] - The company reported a total of approximately HKD 131,338,000 in paid-up capital surplus as of April 30, 2024, unchanged from 2023, and retained earnings available for distribution decreased to approximately HKD 10,962,000 from HKD 17,624,000 in 2023[43] - The company did not declare any interim or final dividends for the year ending April 30, 2024 (2023: final dividend of HKD 0.01 per share) [10] Operational Metrics - The gross profit margin improved to 39.4% in 2024 from 38.0% in 2023[6] - The EBITDA margin decreased significantly to 0.3% in 2024 from 5.7% in 2023[6] - The current ratio was 1.03 in 2024, down from 1.13 in 2023[6] - The interest coverage ratio dropped to 7 in 2024 from 136 in 2023[6] - The debt-to-equity ratio increased to 0.05 in 2024 from 0.01 in 2023[6] - Cash inflow from operating activities was HKD 160,930,000 (2023: HKD 211,497,000) [9] - The net cash inflow from operating activities was HKD 160,930,000, a decline of 23.9% from HKD 211,497,000 in the previous year[21] - The group’s inventory as of April 30, 2024, was HKD 151,303,000, an increase of 4.9% from HKD 144,282,000 in 2023[18] Retail Segment Performance - Retail segment revenue fell by approximately 12.6% to HKD 1,422,887,000 (2023: HKD 1,628,415,000) [13] - Retail segment gross profit decreased by 10.3% to HKD 573,835,000 (2023: HKD 639,772,000) [13] - Operating profit for retail business dropped by 84% to HKD 15,981,000 (2023: HKD 100,703,000) [14] - The retail market in Hong Kong is facing unprecedented challenges, with various retailers experiencing significant declines in sales, including essential consumer goods retailers[26] - The company is unable to predict when the retail market will bottom out and expects the current situation to persist for a considerable time[26] Strategic Initiatives - All major investment plans and non-essential expenditures will be frozen to achieve maximum cost-saving effects[26] - The management is reviewing the operational data of each 759 store to determine future lease renewal arrangements and is exploring rent adjustments with landlords[26] - The company aims to diversify its product sources by actively seeking new suppliers globally, targeting direct bulk orders to minimize import costs[26] - The procurement team is tasked with sourcing new products to enhance customer choices and shopping experience[26] - The company believes that maintaining quality and affordability will garner strong customer support in the local market[26] Governance and Compliance - The company has adopted the corporate governance code and has complied with its principles, with one exception regarding the roles of the chairman and CEO[58] - The company’s board of directors includes independent non-executive directors who have been assessed for their independence, ensuring they provide valuable contributions to the company[45] - The company has established a risk management and internal control system to prevent significant misstatements, losses, errors, fraud, and corruption[76] - The audit committee is composed of 3 independent non-executive directors, ensuring appropriate professional qualifications and experience in accounting and corporate finance[74] Environmental and Social Responsibility - The group prioritizes environmental protection, focusing on waste management, packaging materials, and energy conservation in its operations[91] - The group has established a sustainability working group led by executive directors to coordinate sustainability activities across the organization[88] - The company is committed to sustainable development and aims to provide quality and affordable essential goods to the local community[87] - The group has not reported any significant violations of environmental protection laws during the reporting period[91] Employee Relations - The company emphasizes equal opportunity employment and regularly reviews compensation to attract and retain employees[42] - The average monthly employee turnover rate was 4.5%, slightly down from 4.6% in 2023, with a turnover rate of 4.7% for female employees and 4.0% for male employees[104] - The company employed a total of 821 employees as of April 30, 2024, down from 837 in 2023, with 729 full-time and 92 part-time employees[103] - The training participation rate for retail employees increased to 90% in 2024 from 81% in 2023, with an average training duration of 1.5 hours per employee[53] Financial Risks and Management - The company does not currently hedge any financial risks, as it regularly monitors its exposure to various financial risks[142] - The group has no significant liquidity risk, supported by available bank financing and cash reserves[151] - The debt-to-equity ratio as of April 30, 2024, is 0.05, compared to 0.01 as of April 30, 2023, indicating a slight increase in leverage[156] - If market interest rates increase or decrease by 50 basis points, the annual after-tax loss is expected to change by HKD 250,000, reflecting the impact of interest income and expenses[155]

Financial Performance - CEC International Holdings Limited reported total revenue of HKD 1,469,606 thousand for the year ended April 30, 2024, a decrease of 13.2% compared to HKD 1,692,403 thousand in 2023[2] - The gross profit for the same period was HKD 579,388 thousand, down 10% from HKD 643,697 thousand in the previous year[2] - The company recorded a net loss attributable to equity holders of HKD 29,812 thousand, compared to a profit of HKD 49,565 thousand in 2023, representing a significant decline[2] - Basic and diluted loss per share was HKD 4.47, compared to earnings of HKD 7.44 per share in the prior year[2] - Total revenue for the year ended April 30, 2024, was HKD 1,469,606,000, a decrease of 13.2% from HKD 1,692,403,000 in 2023[14] - Operating loss before tax for the total business was HKD 30,252,000 in 2024, compared to a profit of HKD 57,913,000 in 2023[14] - The company reported a net loss of HKD 29,812,000 for the year ended April 30, 2024, compared to a profit of HKD 49,565,000 in 2023[14] - The company did not receive any government subsidies in 2024, compared to HKD 19,331,000 in 2023 related to COVID-19 support[21] - Total expenses for sales, distribution, and administrative costs amounted to HKD 1,487,108,000 in 2024, down from HKD 1,642,670,000 in 2023, a reduction of 9.5%[24] Assets and Liabilities - Total assets decreased to HKD 886,305 thousand from HKD 917,091 thousand, reflecting a decline of approximately 3.4%[5] - Total liabilities increased to HKD 395,314 thousand from HKD 383,548 thousand, indicating a rise of about 3.1%[6] - The company's cash and cash equivalents decreased to HKD 71,422 thousand from HKD 86,022 thousand, a decline of 17.0%[5] - The net accounts receivable decreased to HKD 11,176,000 from HKD 14,447,000, reflecting a reduction in the allowance for losses[30] - Total bank balances and cash as of April 30, 2024, were HKD 92,862,000 (2023: HKD 107,462,000), reflecting a decrease in liquidity[45] Segment Performance - The company has three reportable segments: retail business, electronic component manufacturing, and investment property holdings, which are regularly reviewed by management for performance assessment[12] - Retail business revenue decreased to HKD 1,422,887,000 in 2024 from HKD 1,628,415,000 in 2023, representing a decline of 12.7%[14] - Retail segment revenue decreased to HKD 1,422,887,000, a decline of approximately 12.6% from HKD 1,628,415,000[37] - The retail segment gross profit was HKD 573,835,000, down 10.3% from HKD 639,772,000, accounting for about 97% of total revenue[37] - Electronic components manufacturing segment revenue fell by 27.4% to HKD 45,685,000 (2023: HKD 62,926,000) amid declining global industrial product demand[42][43] - Manufacturing segment operating loss widened to HKD 17,461,000 (2023: HKD 15,443,000), an increase of 13.1% year-on-year, following a restructuring plan[43] Inventory and Cash Flow - Inventory levels increased to HKD 151,303 thousand from HKD 144,282 thousand, showing a rise of 4.1%[5] - The total inventory value for the retail business as of April 30, 2024, was HKD 133,190,000, an increase of 4.5% from HKD 127,399,000 in the previous year[38] - Inventory as of April 30, 2024, increased by 4.9% to HKD 151,303,000 (2023: HKD 144,282,000) compared to the previous year[48] - Net cash outflow for the year was HKD 14,295,000 (2023: cash inflow of HKD 7,795,000), with operating cash inflow down 23.9% to HKD 160,930,000 (2023: HKD 211,497,000)[50][51] Corporate Governance and Future Plans - CEC International Holdings Limited has not adopted any new accounting standards that would significantly impact its financial performance or position for the current or future periods[9] - The company did not recommend any final dividend for the fiscal year 2023/24, compared to a dividend of HKD 0.01 per share in 2022/23[28] - The group plans to freeze all major investment projects and non-essential expenditures to maximize cost-saving efforts amid uncertain market conditions[55] - The group is actively reviewing the operational data of each store to determine future lease renewal decisions and exploring potential rent adjustments with landlords[55] - The board of directors adheres to the corporate governance code but deviates from the principle of separating the roles of chairman and CEO[59] - The audit committee, composed of three independent non-executive directors, has reviewed the accounting principles and internal controls for the fiscal year ending April 30, 2024[62] - The company confirms compliance with the standard code of conduct for securities trading by all directors during the period from May 1, 2023, to April 30, 2024[63] - The annual general meeting is scheduled for September 26, 2024[66] - The preliminary financial results and annual report will be published on the company's website and the Hong Kong Stock Exchange's website[67] Strategic Initiatives - 759阿信屋 aims to diversify its product sources globally, focusing on direct procurement from producers to minimize import costs and enhance product variety[57] - The company emphasizes a low-margin, high-volume sales strategy to attract a broad customer base in the local market[57] - Management believes that maintaining high quality at low prices will secure customer support and drive growth in the local consumer market[57] - Retail business segment sales and distribution costs increased by approximately 3.1% to HKD 465,834,000 (2023: HKD 452,044,000) despite efforts to control operating costs[41] - Retail business segment operating profit decreased by 84% to HKD 15,981,000 (2023: HKD 100,703,000) due to rising costs and lack of government subsidies[41]

Financial Performance - Revenue for the six months ended October 31, 2023, was HKD 750,947,000, a decrease of 15.5% compared to HKD 888,738,000 in the same period of 2022[7] - Gross profit for the same period was HKD 302,354,000, down 7.0% from HKD 325,294,000 year-on-year[7] - Operating profit significantly decreased to HKD 7,783,000, a decline of 83.0% from HKD 45,700,000 in the previous year[7] - Net profit attributable to equity holders was HKD 330,000, a drastic drop of 99.0% compared to HKD 33,794,000 in the prior year[7] - The company reported a total comprehensive loss of HKD 7,656,000 for the period, compared to a comprehensive income of HKD 15,698,000 in the same period last year[10] - Cash generated from operating activities decreased to HKD 85,918,000 in 2023 from HKD 129,818,000 in 2022, reflecting a decline of approximately 33.8%[16] - The net cash generated from operating activities after tax payments was HKD 78,323,000, down from HKD 107,912,000 in the previous year, representing a decrease of about 27.5%[16] - The group recorded a significant decline in profit attributable to equity holders, down 99% to HKD 330,000 from HKD 33,794,000 in the previous year[39] Assets and Liabilities - Total assets as of October 31, 2023, amounted to HKD 923,347,000, a slight increase from HKD 917,091,000 as of April 30, 2023[13] - Current liabilities increased to HKD 285,845,000 from HKD 270,779,000, indicating a rise in short-term financial obligations[13] - The company’s total equity as of October 31, 2023, was HKD 519,225,000, compared to HKD 508,689,000 as of October 31, 2022, reflecting a growth of about 2.9%[14] - Total liabilities increased to HKD 404,122,000 from HKD 383,548,000, an increase of approximately 5.4%[25] - The group’s total bank borrowings and credit facilities amounted to approximately HKD 383,353,000, with undrawn credit of about HKD 369,728,000[48] Cash Flow and Liquidity - The company’s cash and cash equivalents decreased to HKD 75,564,000 from HKD 86,022,000, reflecting a reduction in liquidity[13] - The cash and cash equivalents at the end of the period were HKD 75,564,000, down from HKD 87,184,000 at the end of the previous year, showing a decrease of approximately 13.3%[16] - The net cash outflow for the six months ended October 31, 2023, was HKD 9,591,000, compared to a cash inflow of HKD 9,432,000 in the previous year[54] - Operating cash inflow for the period was HKD 78,323,000, down 27.4% from HKD 107,912,000 in the previous year[54] Business Segments Performance - Retail business revenue decreased to HKD 726,750,000 from HKD 851,063,000, a decline of approximately 14.6%[23] - Electronic components manufacturing revenue decreased to HKD 23,703,000 from HKD 37,123,000, a decline of approximately 36.1%[23] - The retail business segment revenue was HKD 726,750,000, down 14.6% from HKD 851,063,000 year-on-year, accounting for approximately 97% of total revenue[41] - The gross profit for the retail segment decreased to HKD 299,075,000, a decline of about 6.6% from HKD 320,156,000 in the previous year, with a gross profit margin of 41.2%, up 3.6 percentage points year-on-year[41] - The electronic components manufacturing segment reported revenue of HKD 23,703,000, a decrease of 36.2% compared to HKD 37,123,000 in the same period last year[45] Market Outlook and Strategy - Future outlook remains cautious due to the significant decline in profits and overall market conditions[6] - The company plans to continue its focus on retail operations, electronic component manufacturing, and investment properties, aiming for strategic growth in these sectors[17] - Management does not foresee significant expansion plans due to current market risks, focusing instead on improving operational efficiency and service levels[61] Governance and Shareholding - As of October 31, 2023, the total number of shares held by directors and senior management in CEC International Holdings Limited is 442,295,660, representing 66.39% of the issued share capital[62] - The major shareholder, Ms. Luo Jingyi, holds a total of 472,250,848 shares, which accounts for 70.89% of the issued share capital[65] - The company has adopted the corporate governance code as per the listing rules, with a noted deviation regarding the separation of the roles of Chairman and CEO[69] - The company’s governance structure is believed to provide strong and effective leadership, with the current arrangement of one individual serving as both Chairman and CEO[69] - The Audit Committee consists of three independent non-executive directors, with regular meetings held at least twice a fiscal year to review accounting principles and internal controls[70] - The Remuneration Committee has four members, including one executive director, and is responsible for establishing transparent procedures for the remuneration policies of all directors and senior management[71] - The Nomination Committee, comprising four members, reviews the board's structure and diversity, and assesses the independence of non-executive directors[72]