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].

| --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | CEC-COILS。 759 阿信屋。 | | | | | | | | | CEC國際控股有限公司 CEC INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (於百藝達証冊成立之弟限公司) | | | (Stock Code 股 份 代 號 : 759) | | | ＡＮＮＵＡＬ ＲＥＰＯＲＴ 年 報 2023/2024 | 公司簡介 CEC國際控股有限公司（簡稱：CEC國際）為一家奉行「循序、堅定、敬業」經營理念的中小型企 業，業務包括設計以至生產各類型電子線圈及本地零售業務。 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 ...

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]

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之內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CEC INTERNATIONAL HOLDINGS LIMITED CEC 國 際 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號： 759） 截至2023年10月31日止6個月中期業績公佈 CEC International Holdings Limited（CEC國際控股有限公司）（「本公司」）之董事（「董 事」）會（「董事會」）謹此公佈，本公司及其附屬公司（統稱「本集團」）截至2023年10 月31日止6個月之未經審核綜合業績如下： 簡明綜合收益表 截至10月31日止6個月 2023年 2022年 附註 千港元 千港元 （未經審核） （未經審核） 收益 2 750,947 888,738 銷售成本 (448,593) (563,444) 毛利 302,354 325,294 其他收入 3 – 19,127 其他收益淨額 223 – 銷售及分銷費用 (234,413) (23 ...

Financial Performance - Revenue decreased by 15.8% to HKD 1,692,403,000 (2022: HKD 2,008,967,000) [18] - Annual profit increased by 24.3% to HKD 49,565,000 (2022: HKD 39,884,000) [18] - Basic earnings per share were HKD 0.0744 (2022: HKD 0.0599) [18] - The group recorded consolidated revenue of HKD 1,692,403,000 for the fiscal year 2022/23, a decrease of 15.8% compared to HKD 2,008,967,000 in 2021/22 [22] - The group achieved a profit attributable to equity holders of HKD 49,565,000, an increase of 24.3% from HKD 39,884,000 in the previous year, but a decrease of 22.9% to HKD 30,733,000 when excluding government subsidies [22] Operating Activities - Net cash inflow from operating activities was HKD 211,497,000 (2022: HKD 307,108,000) [18] - Net cash inflow from operating activities was HKD 211,497,000, down 31.1% from HKD 307,108,000 in 2022 [38] Profitability and Margins - Gross profit margin increased by 4 percentage points to 38.0% (2022: 34.0%) [18] - The retail segment's gross profit was HKD 639,772,000, down 5.4% from HKD 676,619,000, with a gross margin improvement to 39.3% from 35.2% [24] Assets and Liabilities - Total assets amounted to HKD 917,091,000 (2022: HKD 919,516,000) [12] - Total liabilities decreased to HKD 383,548,000 (2022: HKD 419,863,000) [12] - Current ratio improved to 1.13 (2022: 0.98) [10] - Interest coverage ratio increased to 136 (2022: 33) [10] - Cash and cash equivalents as of April 30, 2023, amounted to HKD 107,462,000, up from HKD 100,171,000 in 2022, representing a 1.3% increase [33] - Total bank borrowings decreased by 80.9% to HKD 3,517,000 from HKD 18,386,000 in 2022 [33] - The debt-to-equity ratio improved to 0.01 from 0.04 in the previous year, indicating a stronger capital structure [33] Retail Segment Performance - Retail business segment revenue was HKD 1,628,415,000, down 15.3% from HKD 1,922,315,000 in the previous year, accounting for approximately 96.2% of total revenue [24] - The total inventory value for the retail business as of April 30, 2023, was HKD 127,399,000, an increase of 24.6% from HKD 102,212,000 the previous year [25] - The total number of retail stores decreased to 166 from 172, with 6 new openings and 12 closures during the year [28] Employee and Management - The company employed approximately 1,400 staff as of April 30, 2023, a decrease from 1,500 in 2022 [44] - The average monthly employee turnover rate for the reporting period was 4.6%, slightly up from 4.1% in 2022, representing an increase of approximately 0.5 percentage points [198] - The group employed a total of 837 employees in its retail business as of April 30, 2023, a decrease from 855 employees in 2022 [196] - The group has implemented guidelines for health and safety, including regular training to enhance employee safety awareness [199] Corporate Governance - The board consists of three executive directors and three independent non-executive directors, with independent directors making up half of the board [116] - The company has adopted the corporate governance code and has complied with its principles, with one exception regarding the separation of roles between the chairman and CEO [112] - The company has established a remuneration committee to oversee the compensation policies for directors and senior management, ensuring fairness and consistency [129] - The audit committee was established in September 1999 to oversee the financial reporting system and internal controls of the group [140] Sustainability and Environmental Initiatives - The company has been actively involved in sustainability initiatives since the establishment of 759 Ahsin House in 2010, focusing on providing quality and affordable essential goods [163] - The board has integrated environmental, social, and governance (ESG) issues into its regular meetings to monitor sustainability progress and stakeholder engagement [167] - The company recognizes the increasing risks and opportunities associated with climate change, including extreme weather impacts on operations and supply chain disruptions [168] - The company is committed to sustainable development and aims to incorporate sustainability initiatives into daily operations, fostering a culture of environmental and social responsibility among employees [163] Shareholder Communication - The company adopted a shareholder communication policy to ensure shareholders receive comprehensive and understandable information [154] - The company encourages shareholder participation in annual general meetings to facilitate communication with the board [154] - The board encourages shareholder feedback and allows shareholders to raise questions through the company secretary at any time [158] Risk Management - The company has established a risk management system that includes monitoring ESG-related risks and compliance measures [168] - The audit committee expressed satisfaction with PwC's independence, objectivity, qualifications, and audit procedures [143] - No significant issues were found in risk management and internal control during the year ended April 30, 2023 [146]

Financial Performance - The company reported revenue of HKD 888,738,000 for the six months ended October 31, 2022, a decrease of 8.5% compared to HKD 971,637,000 in the same period of 2021[7]. - Gross profit for the period was HKD 325,294,000, down from HKD 336,918,000, reflecting a gross margin of approximately 36.6%[7]. - Operating profit increased to HKD 45,700,000, representing a 49.1% increase from HKD 30,658,000 in the previous year[7]. - Net profit attributable to equity holders was HKD 33,794,000, up 79.9% from HKD 18,798,000 year-on-year[7]. - Basic and diluted earnings per share rose to HKD 5.07, compared to HKD 2.82 in the prior year, marking an increase of 79.4%[7]. - The total comprehensive income for the period was HKD 15,698,000, compared to HKD 21,932,000 in the previous year, showing a decline of 28.5%[13]. - Profit attributable to equity holders for the same period was HKD 33,794,000, representing a 79.8% increase from HKD 18,798,000 in the previous year; excluding government subsidies, profit decreased by 20.5%[38]. Assets and Liabilities - Total assets as of October 31, 2022, amounted to HKD 936,592,000, an increase from HKD 919,516,000 as of April 30, 2022[12]. - Total liabilities rose to HKD 427,903,000, compared to HKD 419,863,000, marking a 1.0% increase[24]. - The total equity increased to HKD 508,689,000 from HKD 499,653,000, reflecting a solid financial position[12]. - The company’s total equity as of October 31, 2022, was HKD 508,689,000, an increase from HKD 484,304,000 at the same time last year, representing a growth of 5.0%[13]. Cash Flow and Liquidity - The company’s cash and cash equivalents stood at HKD 87,184,000, up from HKD 78,731,000, indicating improved liquidity[12]. - Cash generated from operating activities was HKD 129,818,000, up from HKD 115,670,000 in the previous year, indicating a growth of 12.2%[15]. - The net cash generated from operating activities after tax payments was HKD 107,912,000, slightly down from HKD 115,665,000 in 2021, reflecting a decrease of 6.1%[15]. - The group’s net cash inflow for the six months ended October 31, 2022, was HKD 9,432,000, compared to HKD 3,543,000 in the previous year[52]. - The operating cash inflow was HKD 107,912,000, down 6.7% from HKD 115,665,000 year-on-year[54]. - The group’s current ratio improved to 1.02 from 0.98, indicating enhanced liquidity[54]. Business Segments - Retail business revenue decreased to HKD 851,063,000, down 8.1% from HKD 926,094,000 in the same period last year[23]. - Operating profit for the retail segment increased to HKD 51,814,000, up 18.5% from HKD 43,810,000 in the previous year[23]. - The electronic components manufacturing segment reported revenue of HKD 37,123,000, a decrease of 17.9% compared to HKD 45,197,000 in the previous year[45]. - The segment's gross profit was HKD 4,586,000, down 9.2% from HKD 5,052,000, with a gross margin increase to 12.4% from 11.2%[45]. Government Support and Subsidies - The group received government subsidies related to COVID-19 amounting to HKD 18,842,000, which was not present in the previous year[27]. - The group received approximately HKD 18,842,000 in support funds from the anti-epidemic fund and the "Employment Support Scheme" during the review period[43]. Operational Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[6]. - The company plans to enhance sourcing efforts by sending procurement teams to participate in global food and consumer goods exhibitions to find quality products[59]. - The company is focused on maintaining its current scale and improving operational efficiency and service levels to enhance brand value[59]. - The company has no immediate plans for business expansion or large-scale investments due to the uncertain market environment[59]. - Financial resources will be accumulated to seize future opportunities as they arise[59]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with its applicable provisions, except for the deviation regarding the roles of the Chairman and CEO being held by the same person since 2018[67]. - The Audit Committee consists of three independent non-executive directors and has held regular meetings, reviewing accounting principles and internal controls for the six months ending October 31, 2022[68]. - The Remuneration Committee is responsible for establishing a formal and transparent procedure for determining the remuneration policy for all directors and senior management, with four members including one executive director[69]. - The Nomination Committee has been established to review the board's structure and diversity, and it currently has four members, including one executive director[70]. - The company has adopted the standard code of conduct for securities transactions by directors and confirmed compliance for the six months ending October 31, 2022[71]. Shareholding Structure - As of October 31, 2022, the company’s major shareholder, Ka Yan China Development (Holding) Company Limited, holds 442,295,660 shares, representing 66.39% of the issued share capital[63]. - The total equity held by major shareholder Lo Ching Yi, including family and trust interests, amounts to 472,250,848 shares, or 70.89% of the issued share capital[63]. - The company’s board members and senior executives hold a total of 4,194,611 shares, representing 0.63% of the issued share capital[60]. - No shares were repurchased or sold by the company or its subsidiaries in the six months ending October 31, 2022[66].

Financial Performance - CEC International Holdings Limited reported revenue of HKD 888,738,000 for the six months ended October 31, 2022, a decrease of 8.5% compared to HKD 971,637,000 in the same period of 2021[2] - The gross profit for the same period was HKD 325,294,000, down from HKD 336,918,000, resulting in a gross margin of approximately 36.6%[2] - Operating profit increased to HKD 45,700,000, representing a growth of 49.1% from HKD 30,658,000 in the previous year[2] - Net profit attributable to equity holders was HKD 33,794,000, up 79.8% from HKD 18,798,000 in the prior period[2] - Basic and diluted earnings per share rose to HKD 5.07, compared to HKD 2.82 in the same period last year[2] - The company reported a total comprehensive income of HKD 15,698,000 for the period, down from HKD 21,932,000 in the previous year[3] - The profit attributable to equity holders for the same period was HKD 33,794,000, representing a 79.8% increase from HKD 18,798,000 in 2021; excluding government subsidies, the profit decreased by 20.5%[32] Assets and Liabilities - Total assets as of October 31, 2022, were HKD 936,592,000, an increase from HKD 919,516,000 as of April 30, 2022[5] - Total liabilities increased slightly to HKD 427,903,000 from HKD 419,863,000, indicating a stable financial position[5] - The total liabilities increased to HKD 427,903,000 from HKD 419,863,000 as of April 30, 2022[17] - The group's long-term lease liabilities increased to HKD 102,946,000 as of October 31, 2022, from HKD 85,559,000 on April 30, 2022[46] - The group recorded a net current asset value of HKD 5,426,000 as of October 31, 2022, improving from a net current liability situation[50] Revenue Segments - CEC International Holdings Limited has three reportable segments: retail business, electronic component manufacturing, and investment property holdings[14] - The company reported a decrease in external sales in the retail segment to HKD 851,063,000 from HKD 926,094,000, a decline of 8.1%[17] - Retail business revenue for the six months was HKD 851,063,000, down 8.1% from HKD 926,094,000 in 2021, accounting for approximately 96% of total revenue[33] - The electronic components manufacturing segment reported revenue of HKD 37,123,000, a decrease of 17.9% from HKD 45,197,000 in 2021, with a gross profit of HKD 4,586,000, down 9.2%[38] Operational Efficiency - The group maintained operational cost control, with sales and distribution expenses at HKD 236,848,000, slightly down from HKD 238,650,000 in 2021[36] - The group achieved a profit of HKD 51,814,000 in the retail segment, an increase of 18% compared to HKD 43,810,000 in 2021[36] - The company received government subsidies related to COVID-19 amounting to HKD 18,842,000 during the period[20] - The group closed 9 stores and opened 3 new ones, resulting in a total of 166 stores as of October 31, 2022, down from 172 stores[35] Cash Flow - The group's net cash inflow for the six months ended October 31, 2022, was HKD 9,432,000, compared to HKD 3,543,000 in 2021[48] - Operating cash inflow for the period was HKD 107,912,000, a decrease of 6.7% from HKD 115,665,000 in 2021[50] Future Outlook - The group anticipates a continued low local consumption atmosphere in the near future, impacting retail performance[56] - The group plans to maintain its current scale and improve operational efficiency without major expansion or investment plans due to market uncertainties[56] Governance and Compliance - The company has adopted the standard code of conduct for directors' securities transactions as per the listing rules, confirming compliance for the six months ending October 31, 2022[63] - 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[61] - The current structure of having one person serve as both the chairman and CEO is believed to provide strong and effective leadership for the company[60] Reporting - The interim report for the six months ending October 31, 2022, will be sent to shareholders by January 31, 2023, and published on the company's website[64]