承董事會命 Eternity Investment Limited 永恒策略投資有限公司* * 764 董事會會議日期 Eternity Investment Limited (永恒策略投資有限公司*) (「本公司」)之董事會(「董事會」) 謹此宣佈，將於二零二五年八月二十八日(星期四)舉行董事會會議，以(其中包括)批准及 刊發本公司及其附屬公司截至二零二五年六月三十日止六個月未經審核之中期業績及考慮 派發中期股息(如適用)。 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，概不對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的任何損失承擔任何責任。 ETERNITY INVESTMENT LIMITED 主席 李雄偉 香港，二零二五年八月十五日 於本公佈日期，董事會包括三名執行董事李雄偉先生、張國偉先生及張國勳先生；以及 四名獨立非執行董事尹成志先生、吳向仁先生、梁曼儀女士及羅國豪先生。 * 僅供識別 ...

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 FF301 致：香港交易及結算所有限公司 公司名稱: 永恒策略投資有限公司 (於百慕達註冊成立之有限公司) 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) | 00764 | 說明 | 永恒策略 | | | | | | | | | 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 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本 ...

Group 1 - The core viewpoint of the article highlights the recent performance of Eternal Strategy (00764.HK), which saw a stock price increase of 9.52% to HKD 0.046, despite a cumulative decline of 40% year-to-date [1] - As of June 9, the Hang Seng Index rose by 1.63%, closing at 24,181.43 points, indicating a positive market trend [1] - Financial data shows that Eternal Strategy achieved total revenue of HKD 207 million for the year ending December 31, 2024, representing a year-on-year growth of 13.87%, while the net profit attributable to shareholders decreased by 51.08% to a loss of HKD 385 million [1] Group 2 - The company's gross profit margin stands at 49.84%, with a debt-to-asset ratio of 59.5%, indicating a relatively high level of leverage [1] - Currently, there are no institutional investment ratings for Eternal Strategy, suggesting a lack of analyst coverage or interest [1] - In terms of industry valuation, the average price-to-earnings (P/E) ratio for the sector is 3.77 times, with Eternal Strategy's P/E ratio at -0.39 times, ranking it 23rd in the industry [1]

Financial Performance - In 2024, Eternity Investment Limited reported a loss attributable to owners of HK$416 million, a 51% increase compared to the previous year[13]. - The increase in loss was primarily due to a HK$137 million increase in impairment loss related to goodwill and a HK$49 million increase in loss from changes in fair value of investment properties[13]. - The company recorded a loss for the year attributable to owners of HK$415,699,000, a 51% increase from HK$275,152,000 in the previous year[30]. - The property investment business reported a segment loss (before taxation) of HK$278 million in 2024, a 430% increase from HK$52 million last year[20]. - The sale of financial assets business reported a segment loss (before taxation) of HK$25 million, a 281% increase compared to last year, attributed to a trading loss of HK$8 million[14]. - The jewelry products business reported a segment profit (before taxation) of HK$1 million, a 67% decrease from HK$3 million last year, due to increased gold prices affecting sales orders[18]. - The money lending business showed a segment loss (before taxation) of HK$20 million, an 84% improvement from HK$124 million last year, mainly due to a HK$95 million decrease in allowance for expected credit losses[17]. Revenue and Sales - Revenue for the year ended December 31, 2024, was HK$223,973,000, a 14% increase from HK$196,694,000 in the previous year[29]. - Revenue from the newly expanded golf club operation increased from HK$29,428,000 to HK$132,176,000 during the year[29]. - The jewelry product sales revenue decreased by HK$14,137,000 due to sluggish market conditions[29]. - The sale of jewelry products generated revenue of HK$69,284,000, a 16% decrease from HK$82,421,000 in the previous year, with a segment profit of HK$432,000, an 84% decrease from HK$2,730,000[111]. Impairment and Losses - Impairment loss in respect of goodwill increased by HK$137,250,000[30]. - A one-off loss of HK$23 million was recognized on the modification of terms for guaranteed secured notes due in 2025[13]. - An impairment loss of HK$189,029,000 was recognized for goodwill related to the acquisition of Smart Title Limited[44]. - The fair value of the investment property portion of the Shun Tak Property decreased from HK$163,700,000 at December 31, 2023, to HK$116,000,000 at December 31, 2024, resulting in a loss of HK$47,700,000[134]. Future Plans and Strategies - To address market conditions, the company plans to expand its jewelry product categories and develop budgeted jewelry products to meet consumer demand[18]. - The company intends to maintain the size of its loan portfolio in 2025 while closely monitoring customer repayment performance[17]. - The company will explore new markets for its jewelry products, including Japan and Southeast Asia, by attending trade shows and organizing sales trips in 2025[18]. - The Group plans to expand its sales territories into new overseas markets, such as Japan and Southeast Asia[152]. - The Group is developing new product lines, including stone-type and budgeted jewelry products, to adapt to changing consumer budgets[152]. Economic Outlook - The company expects the global macroeconomic environment to remain uncertain in 2025 and will adjust its equity securities portfolio accordingly[14]. - The directors expect the performance of the Group's jewelry sales business in 2025 to be similar to that of 2024 due to ongoing macroeconomic uncertainties[152]. - The Group anticipates that the loan interest income generated from its lending business in 2025 will be approximately the same as in 2024 due to the uncertain global macroeconomic environment[154]. Operational Performance - The Group recognized a gain on disposals of residential serviced apartments of HK$6,395,000 during the year ended December 31, 2024[37]. - The Group's expected credit loss provision for financial assets decreased from HK$132,729,000 for the year ended 31 December 2023 to HK$39,756,000 for the year ended 31 December 2024[51]. - The Group's loan and interest receivables, after accumulated allowance for ECL, amounted to HK$171,816,000, down from HK$248,614,000 in 2023[106]. Governance and Management - The Board consists of a balanced mix of executive and independent non-executive directors to ensure effective leadership and decision-making[189]. - The Company has a clear governance framework that supports effective leadership and control over its operations[196]. - The Board oversees the Group's strategic direction and financial performance, with specific responsibilities delegated to four committees: Audit, Remuneration, Nomination, and Finance[196]. - The Company met the Listing Rules requirements by having at least three independent non-executive directors, representing one-third of the Board[200].

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was HKD 223,973,000, representing an increase of 13.8% compared to HKD 196,694,000 in 2023[2]. - The gross profit for the same period was HKD 111,627,000, up from HKD 97,902,000, indicating a growth of 13.9%[2]. - The company reported a significant operating loss of HKD 336,174,000, compared to a loss of HKD 189,433,000 in the previous year, reflecting an increase in losses of 77.5%[2]. - The net loss for the year was HKD 415,699,000, which is a 51.2% increase from the loss of HKD 275,152,000 in 2023[3]. - Basic and diluted loss per share for the year was HKD 11.25, compared to HKD 7.45 in 2023, marking a 51.5% increase in loss per share[3]. - The company reported a loss attributable to shareholders of HKD 415,699,000 for the year ended December 31, 2024, compared to a loss of HKD 275,152,000 for the year ended December 31, 2023[9]. - The company reported a net loss of HKD 288,305,000 for the year, compared to a loss of HKD 11,570,000 in 2023[31]. - The impairment loss on goodwill increased significantly to HKD 189,029,000 from HKD 51,779,000 in the previous year[31]. - The company recognized a loss of HKD 22,885,000 from modifying the terms of guaranteed notes, compared to a gain of HKD 33,445,000 in the previous year[31]. - The group reported a significant loss of HKD 22,885,000 related to the modification of guaranteed notes due in 2025[53]. - The group recognized a loss of HKD 189,029,000 related to goodwill impairment from the acquisition of Smart Title Limited[53]. Assets and Liabilities - Total assets decreased to HKD 2,599,323,000 from HKD 3,074,573,000, a decline of 15.4%[6]. - The company's total equity decreased to HKD 1,052,646,000 from HKD 1,501,571,000, representing a reduction of 30%[6]. - Current liabilities exceeded current assets by HKD 563,632,000 as of December 31, 2024, compared to HKD 305,985,000 as of December 31, 2023[9]. - Total liabilities as of December 31, 2024, were HKD (1,546,677,000), compared to HKD (1,573,002,000) as of December 31, 2023, indicating a reduction in liabilities[20][21]. - The cumulative expected credit loss provision for loans was HKD 813,704,000 as of December 31, 2024, compared to HKD 754,906,000 in the previous year[40]. - The expected credit loss provision for receivables was HKD 58,798,000, a decrease of HKD 95,118,000 compared to the previous year, with HKD 38,184,000 allocated to Stage 3 (credit impaired) receivables[77]. Revenue Breakdown - Revenue from external customers in China for the year 2024 was HKD 137,220,000, significantly up from HKD 73,272,000 in 2023, reflecting a growth of 87.6%[24]. - Revenue from external customers in Hong Kong decreased to HKD 76,446,000 in 2024 from HKD 113,735,000 in 2023, a decline of 32.7%[24]. - Revenue from jewelry sales decreased to HKD 69,284,000, down 17% from HKD 83,421,000 in the previous year[28]. - Membership fees increased to HKD 34,375,000, up 39% from HKD 24,718,000 in 2023[28]. - The revenue increase was primarily driven by the newly expanded golf club operations, which generated HKD 132,176,000, up from HKD 29,428,000 in the previous year[49]. - The property investment business generated revenue of HKD 9,104,000, an 81% decrease from HKD 48,206,000 in the previous year, resulting in a pre-tax segment loss of HKD 278,118,000, an increase of 430% from HKD 52,446,000[82]. - Revenue from the jewelry products business was HKD 69,284,000, a 16% decrease from HKD 82,421,000 in the previous year, with a pre-tax segment profit of HKD 432,000, down 84% from HKD 2,730,000[80]. Cash Flow and Liquidity - The company has not disclosed any new product developments or market expansion strategies during the reporting period[2]. - The company is implementing measures to improve cash flow, including aggressive collection of receivables and marketing initiatives to increase occupancy rates in residential serviced apartments in Beijing, China[9]. - The cash flow forecast prepared by management covers the period until March 31, 2026, and the board believes that the company will have sufficient working capital for the next twelve months[10]. - The company has a significant liquidity concern, with current liabilities exceeding current assets by HKD 563,632,000 as of December 31, 2024[47]. - Liquidity risk is mitigated by regular monitoring of cash flow and maintaining adequate liquidity to meet obligations[97]. Operational Challenges and Strategies - The company is actively considering the realization of certain financial assets to enhance cash flow[12]. - The company is taking steps to control administrative costs to improve operating cash flow[12]. - The company plans to maintain its loan portfolio size in 2025, expecting loan interest income to remain similar to that of 2024 due to an uncertain global macroeconomic environment[92]. - The company is developing a new product line, including affordable jewelry, to cater to consumers' reduced budgets amid unfavorable market conditions[93]. - The company aims to expand into new overseas markets, such as Japan and other Southeast Asian countries, to broaden its sales reach[93]. - The company will focus on marketing and leasing activities to improve occupancy rates and generate sustainable income from properties built on its main site[93]. - The company plans to complete the remaining four serviced apartments and two office buildings as scheduled[93]. - The board remains cautious about the major risks and uncertainties affecting financial performance, particularly in the unclear global macroeconomic environment expected in 2025[94]. Risk Management - Strategic risks include the failure to identify or implement the correct strategies, with measures such as regular reviews of business unit strategies and comprehensive due diligence on potential acquisitions[96]. - Economic risks may lead to increased bad debts and asset value declines, with proactive monitoring of leading indicators to identify economic conditions[96]. - Credit risk management involves thorough understanding of clients before loan issuance and regular monitoring of receivables to assess recoverability[97]. - Price risk is managed through diversification of stock investments and regular monitoring of the investment portfolio[97]. Corporate Governance - The company has adhered to corporate governance codes and standards, ensuring compliance with regulations throughout the fiscal year ending December 31, 2024[99][101]. - No purchases, redemptions, or sales of the company's listed securities were conducted by the company or its subsidiaries during the fiscal year ending December 31, 2024[102].

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 108,156,000, an increase from HKD 90,278,000 in the same period of 2023, representing a growth of 19.9%[22] - Gross profit for the period was HKD 57,940,000, compared to HKD 43,731,000 in 2023, reflecting a gross margin improvement[22] - The company reported a loss before tax of HKD 126,898,000, significantly higher than the loss of HKD 52,350,000 in the previous year[22] - Basic and diluted loss per share for the period was HKD 3.46, compared to HKD 1.38 in the same period last year[23] - Total comprehensive loss for the period amounted to HKD 138,885,000, compared to HKD 90,917,000 in 2023, indicating a substantial increase in overall losses[25] - The company reported a loss attributable to owners of HKD 127,983,000 for the six months ended June 30, 2024, with current liabilities exceeding current assets by HKD 342,839,000[42] - The company incurred a total loss of HKD 127,983,000 for the six months ended June 30, 2024, compared to a loss of HKD 51,025,000 for the same period in 2023[50] Cash Flow and Liquidity - Cash and cash equivalents increased significantly to HKD 54,052 thousand from HKD 18,359 thousand, representing a growth of approximately 194.5%[26] - Operating cash flow for the six months ended June 30, 2024, was HKD 80,992,000, a significant increase from HKD 29,931,000 in the same period of 2023, representing a growth of 170.5%[40] - The company plans to implement several measures to improve cash flow, including aggressive collection of receivables and cost-saving initiatives to control administrative expenses[42] - The board has reviewed cash flow forecasts up to August 31, 2025, and believes that the group will have sufficient working capital for its operational needs over the next twelve months[44] Assets and Liabilities - As of June 30, 2024, total assets decreased to HKD 2,940,880 thousand from HKD 3,074,573 thousand as of December 31, 2023, representing a decline of approximately 4.4%[26] - Total equity decreased to HKD 1,362,686 thousand from HKD 1,501,571 thousand, reflecting a decline of about 9.2%[28] - Total liabilities increased slightly to HKD 1,578,194 thousand from HKD 1,573,002 thousand, showing a marginal increase of 0.3%[29] - The net current liabilities position worsened to HKD (342,839) thousand compared to HKD (305,985) thousand, indicating a deterioration in liquidity[29] Segment Performance - The property investment segment reported a loss of HKD 88,890,000, while the jewelry sales segment generated a profit of HKD 9,489,000 for the six months ended June 30, 2024[47] - Revenue from jewelry sales was HKD 31,796 thousand, while revenue from property investment was HKD 11,133 thousand, showing a decline in property management income from HKD 20,047 thousand in 2023 to HKD 4,506 thousand in 2024[62] - The newly expanded golf club operations generated revenue of HKD 64,613,000 and recorded a segment profit (before tax) of HKD 24,860,000 for the six months ending June 30, 2024[197] Impairments and Losses - The company incurred a goodwill impairment loss of HKD 45,591 thousand, compared to a loss of HKD 9,606 thousand in the previous year[66] - The company recognized a loss of HKD 19,418,000 from fair value changes of its listed equity securities[154] - The group reported a goodwill impairment loss of HKD 45,591,000 and a loss from changes in fair value of investment properties of HKD 26,144,000 during the reporting period[193][195] Financing and Borrowings - The company reported financing costs of HKD 44,036,000 for the six months ended June 30, 2024, compared to HKD 34,361,000 in the previous year[47] - The group reported unsecured borrowings of HKD 200,000,000, with an interest rate of 8% until March 31, 2024, and 10% thereafter[105] - The group has a loan of HKD 200,000,000 from a financial company, with an interest rate of 10% effective from April 1, 2024[160] Employee Costs and Expenses - Employee costs, including salaries and benefits, rose to HKD 38,677,000 from HKD 31,461,000, reflecting increased operational costs[75] - The total remuneration for executive directors and the CEO for the six months ended June 30, 2024, is HKD 609,000, a significant decrease from HKD 11,408,000 in the same period of 2023[126] Future Outlook and Strategies - The company anticipates improved performance in its golf club operations for 2024 due to the full-year effect of its management[200] - The company plans to expand into new overseas markets, such as Japan and the Asia-Pacific region, to broaden its sales reach[200] - The company expects rental income from property investments to significantly decrease in 2024 due to the termination of the golf club lease agreement[200] Legal and Compliance - The company did not incur any liabilities related to a civil lawsuit after reaching a settlement on April 24, 2024[146] - The frozen bank accounts were released on May 13, 2024, following the settlement of the lawsuit[146] Credit Loss Provisions - Expected credit loss provisions for financial assets decreased by 32% from HKD 1,662,000 to HKD 1,127,000 for the respective periods[156] - The expected credit loss provision for trade receivables increased significantly to HKD 3,108,000 from HKD 988,000, reflecting a rise of 214%[95]

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 108,156 thousand, an increase of 19.8% compared to HKD 90,278 thousand for the same period in 2023[1] - The gross profit for the period was HKD 57,940 thousand, compared to HKD 43,731 thousand in the previous year, reflecting a growth of 32.5%[1] - Revenue from external customers for the six months ending June 30, 2024, was HKD 108,156,000, compared to HKD 90,278,000 for the same period in 2023, reflecting a growth of approximately 19.7%[20] - Revenue from jewelry sales decreased to HKD 31,796 thousand in 2024 from HKD 43,968 thousand in 2023, a decline of about 27.5%[23] - Revenue from golf club operations, including activities, dining, and membership fees, totaled HKD 55,667 thousand in 2024, with membership fees contributing HKD 15,257 thousand[23] - The newly expanded golf club operations generated revenue of HKD 64,613,000 and recorded a segment profit (before tax) of HKD 24,860,000 for the six months ending June 30, 2024[75] Losses and Financial Performance - The loss attributable to owners of the company for the period was HKD 127,983 thousand, significantly higher than the loss of HKD 51,025 thousand in the prior year, representing an increase of 150.5%[2] - Basic and diluted loss per share for the period was HKD 3.46, compared to HKD 1.38 in the same period last year, indicating a deterioration in performance[2] - The company reported a net loss of HKD 87,599 thousand for the six months ended June 30, 2024, compared to a loss of HKD 3,971 thousand in 2023[26] - The group reported a loss attributable to the owners of the company of HKD 127,983,000 for the six months ended June 30, 2024[9] - The company experienced a significant impairment loss of HKD 45,591 thousand related to goodwill during the reporting period[26] - The group incurred a trading loss of HKD 4,621,000 from the sale of two Hong Kong listed equity securities, with a total sale value of HKD 9,803,000 against a book value of HKD 14,424,000[59] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 2,940,880 thousand, down from HKD 3,074,573 thousand as of December 31, 2023, a decrease of 4.4%[4] - Non-current assets amounted to HKD 2,375,133 thousand, slightly down from HKD 2,479,236 thousand at the end of 2023, a decline of 4.2%[4] - The total liabilities were HKD 1,578,194 thousand, a slight increase from HKD 1,573,002 thousand at the end of 2023[7] - Current liabilities exceeded current assets by HKD 342,839,000 as of June 30, 2024[9] - The total outstanding borrowings as of June 30, 2024, were HKD 651,831,000, slightly down from HKD 653,904,000 as of December 31, 2023[47] Dividends and Shareholder Returns - The company did not declare an interim dividend for the period, consistent with the previous year[2] - The company did not declare or propose any interim dividends for the six months ended June 30, 2024, consistent with the previous year[32] Cash Flow and Financing - The group is implementing measures to improve cash flow, including aggressive collection of receivables and cost-saving initiatives[9] - The group anticipates sufficient operating funds for the next twelve months based on cash flow forecasts and ongoing financing discussions[10] - The board has committed to providing ongoing financial support to ensure sufficient liquidity for operations[9] - The company plans to invest more resources in marketing and leasing activities to improve occupancy rates and establish sustainable income sources from properties[79] Market and Operational Strategies - The company plans to continue expanding its market presence in both Hong Kong and China, focusing on property investment and financial asset sales[20] - The group is developing affordable jewelry products to expand its offerings in response to market conditions and has received multiple small order inquiries for alternative gemstone jewelry[71] - The group plans to explore new markets in Japan and other Asia-Pacific countries through trade exhibitions and sales trips in the second half of 2024[71] - The group expects the performance of its jewelry sales business in 2024 to be similar to that of 2023 due to adjustments in gross margins to secure more sales orders[78] Employee and Operational Costs - Employee costs for the six months ended June 30, 2024, amounted to HKD 38,868,000, up from HKD 31,662,000 in the same period last year, primarily due to the commencement of golf club operations[58] - Sales and distribution expenses increased by 12% to HKD 2,448,000 from HKD 2,182,000 in the previous period[44] Economic and Regulatory Environment - The Chinese government has implemented measures to boost the economy, including issuing RMB 1 trillion in special bonds and adopting proactive fiscal policies[79] - The board remains cautious about the major risks and impacts for 2024 due to the uncertain global macroeconomic environment[79] Compliance and Governance - The company has adhered to the corporate governance code and confirmed compliance with the standards for securities trading by directors[81][82] - The board has reviewed the interim report and financial statements for the six months ending June 30, 2024, and agreed on the accounting policies adopted[84]

Financial Performance - The company reported a loss attributable to owners of HK$275.15 million in 2023, a 1% increase compared to the previous year[13]. - The loss was primarily due to a HK$59.14 million decrease in gains from disposals of residential serviced apartments and a HK$22.98 million increase in impairment loss on goodwill[13]. - The group reported a loss attributable to owners of HK$275,152,000, a slight increase from HK$272,772,000 in the previous year[39]. - The share of losses from associates increased by 80% to HK$31.91 million in 2023, primarily due to the financial performance deterioration of China Healthwise Holdings Limited[30]. - The company recognized a one-off gain of HK$33.45 million on the modification of terms of guaranteed secured notes due 2023[13]. - The company anticipates an uncertain global macroeconomic environment in 2024 and will adjust its equity securities portfolio accordingly[14]. Segment Performance - The money lending business reported a segment loss of HK$124.12 million, a 17% improvement from HK$148.85 million last year, attributed to a HK$34.28 million decrease in allowance for expected credit losses[19]. - The sale of financial assets business achieved a segment loss of HK$6.51 million, a 92% improvement compared to the previous year, due to a trading gain of HK$4.17 million[14]. - The jewelry products business reported a segment profit of HK$2.73 million, a 72% increase from HK$1.59 million last year, driven by increased selling prices due to rising gold prices[20]. - The property investment business reported a segment loss (before taxation) of HK$52.45 million in 2023, compared to a profit of HK$13.32 million last year, mainly due to a HK$59.14 million decrease in gains from disposals of residential serviced apartments[24]. - The newly expanded golf club operation business reported a segment loss (before taxation) of HK$7.24 million, with expectations for improved performance in 2024[25]. Revenue and Profitability - Total revenue for the year ended December 31, 2023, was HK$196.69 million, a 16% increase from HK$169.93 million in the previous year, attributed to a trading gain of HK$4.17 million and HK$29.43 million from the golf club operation[36]. - The gross profit from the jewelry products business increased by 22% to HK$13,712,000, with the gross profit margin rising from 14% to 16%[42][45]. - The gross profit from the property investment business increased by 5% to HK$35,246,000, with the gross profit margin increasing from 65% to 73%[43][45]. - The newly expanded golf club operation generated a gross profit of HK$13,306,000, achieving a gross profit margin of 45%[44][45]. Expenses and Liabilities - Selling and distribution expenses increased by 20% to HK$4,578,000, primarily due to higher overseas travel and exhibition expenses[49][50]. - Administrative expenses increased by 11% from HK$116,382,000 in 2022 to HK$129,153,000 in 2023, primarily due to a HK$6,600,000 increase in salaries and a HK$13,075,000 increase in general administration expenses related to the golf club operations[54]. - Finance costs rose by 9% from HK$61,072,000 in 2022 to HK$66,603,000 in 2023, attributed to an increase in interest rates from 13% to 17% per annum[56]. - The Group's net current liabilities are HK$305,985,000, with a current ratio of 0.66 as of December 31, 2023, compared to 0.78 in 2022[76]. Market and Product Development - The company plans to expand its product categories by developing budget jewelry products to meet consumer demand and launched new stone-type jewelry products in Q4 2023[20]. - The company aims to cultivate new markets for its jewelry products, targeting Japan and other Southeast Asian countries in 2024[20]. - The Group is expanding its product categories by developing budgeted jewelry products to meet consumer demand and launched other stone-type jewelry products in Q4 2023[150]. - The Group is cultivating new markets for its jewelry products, targeting Japan and other Southeast Asian countries in 2024[150]. Asset Management - The carrying amount of the Shun Tak Property was HK$328,455,000, down from HK$333,951,000 in 2022, with HK$164,755,000 classified as property, plant, and equipment[89]. - The fair value of the Group's Hong Kong-listed equity securities was HK$104,012,000, down from HK$132,920,000 in 2022[89]. - The fair value of the investment in an unlisted investment holding company decreased from HK$11,259,000 at the end of 2022 to HK$5,535,000 at the end of 2023, resulting in a loss of HK$5,724,000[199]. - The Group's outstanding loan receivables amounted to HK$248,614,000 as of December 31, 2023, down from HK$412,069,000 in 2022[143]. Legal and Compliance - A civil claim was filed against Bayhood No. 9 Co. for an unsettled legal fee of RMB31,000,000 (approximately HK$34,209,000) related to a property transaction[91][93]. - The Group's management noted that the possibility of Bayhood No. 9 Co. being required to pay the unsettled legal fee is remote, and no provision for liability has been made[91][93].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 196,694,000, an increase of 15.7% compared to HKD 169,926,000 in 2022[2] - Gross profit for the same period was HKD 97,902,000, up from HKD 80,716,000, reflecting a gross margin improvement[2] - The company reported a loss for the year of HKD 275,152,000, slightly higher than the loss of HKD 272,776,000 in 2022[3] - Basic and diluted loss per share for the year was HKD 7.45, compared to HKD 7.34 in the previous year[3] - The group reported a loss attributable to the owners of the company of HKD 275,152,000 for the year ended December 31, 2023, compared to a loss of HKD 272,772,000 in 2022[11] - The company recorded a loss of HKD 275,152,000 for the year 2023, slightly higher than the loss of HKD 272,776,000 in 2022, indicating a marginal increase of about 0.1%[23][25] - The company reported a pre-tax loss of HKD 256,036,000 for 2023, compared to a pre-tax loss of HKD 301,615,000 in 2022, an improvement of approximately 15.1%[23][25] - The total segment loss for 2023 was HKD 187,579,000, compared to a loss of HKD 216,103,000 in 2022, indicating an improvement of about 13.2%[23][25] Assets and Liabilities - Total assets decreased to HKD 3,074,573,000 from HKD 3,457,470,000, indicating a reduction of approximately 11%[8] - Non-current assets totaled HKD 2,479,236,000, down from HKD 2,579,566,000, a decline of about 3.9%[7] - Current liabilities decreased to HKD 901,322,000 from HKD 1,119,801,000, a reduction of approximately 19.5%[8] - The company’s equity attributable to owners decreased to HKD 1,507,246,000 from HKD 1,799,173,000, a decline of about 16.2%[8] - Current liabilities exceeded current assets by HKD 305,985,000 as of December 31, 2023, compared to HKD 241,897,000 in 2022[11] - The group's total assets as of December 31, 2023, amounted to HKD 3,074,573,000, down from HKD 3,457,470,000 in 2022, reflecting a decrease of approximately 11.1%[28][30] - The total liabilities increased to HKD 1,573,002,000 in 2023 from HKD 1,664,054,000 in 2022, showing a reduction of about 5.5%[28][30] Cash Flow and Financial Management - The group has implemented measures to improve cash flow, including aggressive collection of receivables and marketing initiatives to increase occupancy rates in serviced apartments in Beijing[11] - The board has reviewed cash flow forecasts until March 31, 2025, and believes that the group will have sufficient working capital for the next twelve months[12] - The group plans to actively consider liquidating certain financial assets measured at fair value through profit or loss to enhance cash flow[14] - The group has initiated cost-saving measures to control administrative expenses and improve operating cash flow[14] - The total financing costs for the year ended December 31, 2023, amounted to HKD 66,603,000, compared to HKD 61,072,000 in 2022, marking an increase of approximately 9%[47] - The interest expense on bank borrowings increased to HKD 8,045,000 in 2023 from HKD 4,566,000 in 2022, representing a rise of 76.5%[47] Revenue Sources - Revenue from jewelry products was HKD 83,421,000, up from HKD 82,397,000 in the previous year, reflecting a growth of 1.2%[39] - Revenue from property investment increased to HKD 14,742,000 from HKD 13,823,000, representing a growth of 6.6%[39] - The company recorded revenue of HKD 196,694,000 for the year ended December 31, 2023, representing a 16% increase from HKD 169,926,000 in the previous year[69] - Total revenue includes HKD 22,585,000 from club asset rental income, HKD 4,363,000 from investment property rental income, and HKD 14,742,000 from membership fees[116] Operational Developments - The group has commenced operations in the golf club business, which is considered a new operating and reportable segment[20] - The newly expanded golf club operations generated revenue of HKD 29,428,000 but recorded a pre-tax segment loss of HKD 7,235,000 due to seasonal closure[130] - The company aims to improve occupancy rates through competitive pricing and flexible payment terms despite signs of economic slowdown in mainland China[124] - The company has established a performance-linked compensation system to incentivize its marketing team in mainland China[124] Risk Management - The company has implemented measures to mitigate strategic risks, including regular reviews of business unit strategies and comprehensive due diligence on potential acquisitions[140] - Economic risks are monitored through regular assessments of leading indicators to identify potential downturns in the economic environment[140] - Credit risk management includes thorough credit quality assessments of clients before loan issuance and regular monitoring of receivables[142] - The company maintains liquidity by regularly monitoring financial conditions and ensuring adequate cash reserves for obligations[142] - Price risk is managed by diversifying investments across multiple stocks to mitigate the impact of stock price fluctuations[142] Compliance and Governance - The company has adopted a corporate governance code and has complied with the relevant regulations throughout the fiscal year ending December 31, 2023[145] - The roles of the Chairman and CEO are held by the same individual, Mr. Li, to provide consistent leadership and effective execution of long-term business strategies[145] - The audit committee has reviewed and agreed upon the accounting policies and practices adopted by the company for the fiscal year ending December 31, 2023[149]

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，概不對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。 ETERNITY INVESTMENT LIMITED * 764 有關截至二零二二年十二月三十一日止年度年報之 補充公佈 謹此提述Eternity Investment Limited（永恒策略投資有限公司*）（「本公司」，連同其附屬公 司為「本集團」）截至二零二二年十二月三十一日止年度之年報（「二零二二年年報」）。除另 有指明外，本公佈所用詞彙與二零二二年年報所界定者具有相同涵義。 除二零二二年年報第348頁至第371頁綜合財務報表附註54(c)中所披露有關應收貸款之信 貸風險及預期信貸虧損（預期信貸虧損）評估之資料外，董事會謹此向本公司股東及潛在 投資者提供下列有關於二零二二年十二月三十一日就應收貸款所得之抵押品及╱或擔保 （如有）之額外資料，以及本集團為收回逾期應收貸款而採取的措施之最新資料： ...