Financial Performance - The group's revenue for the year ended December 31, 2024, decreased by 13% to approximately HKD 136,109,000, compared to HKD 155,905,000 in 2023[8] - The loss attributable to the company's owners for the year was approximately HKD 27,020,000, an improvement from a loss of HKD 30,532,000 in 2023[8] - The core business recorded a loss of approximately HKD 23,433,000, compared to a loss of HKD 20,480,000 in 2023[8] - Revenue from toy products decreased by approximately 11% to about HKD 136,109,000, with a loss of HKD 18,220,000, up from a loss of HKD 16,714,000 in 2023[9] - The company reported a loss before tax of HKD 29,199,000, compared to a loss of HKD 27,606,000 in 2023, indicating a worsening financial performance[176] - The net loss for the year was HKD 29,373,000, slightly improved from HKD 30,578,000 in the prior year[176] - Basic and diluted loss per share for the year was HKD 8.26, compared to HKD 9.34 in 2023, reflecting a reduction in loss per share[176] - The company’s total comprehensive income for the year was HKD (30,356,000) in 2024, compared to HKD (29,526,000) in 2023, reflecting a slight increase in losses of about 2.8%[180] Cash Flow and Assets - As of December 31, 2024, the group's cash and bank balances were approximately HKD 24,547,000, down from HKD 42,986,000 in 2023[13] - Total current assets decreased to HKD 56,291,000 from HKD 89,423,000, a decline of 37.1% year-over-year[177] - Cash and cash equivalents decreased from HKD 42,986,000 at the beginning of the year to HKD 24,547,000 by the end of 2024, a reduction of about 42.9%[183] - The company's total assets less current liabilities decreased to HKD 54,442,000 from HKD 86,353,000, indicating a significant reduction in asset value[177] - The company's equity decreased to HKD 43,010,000 from HKD 74,661,000, reflecting a significant decline in shareholder value[177] Expenses and Liabilities - Distribution costs decreased by approximately 24% to about HKD 1,879,000, while administrative expenses decreased by approximately 25% to about HKD 58,582,000[11] - Financial expenses increased by approximately 60% to about HKD 1,108,000 due to increased interest on lease liabilities and loans[12] - The company's total liabilities increased, leading to a significant decrease in total equity, which fell from HKD 74,661,000 to HKD 43,010,000[179] - The company paid dividends to non-controlling interests amounting to HKD 1,295,000 in 2024, down from HKD 2,352,000 in 2023, a decrease of approximately 44.9%[183] Corporate Governance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and the CEO, which is currently shared among the board members and the company secretary[34] - The board consists of six directors, all experienced professionals, responsible for setting the overall business development goals and long-term corporate strategies[37] - The company has established a nomination committee to provide a framework for appointing high-quality directors for sustainable development[54] - The board has three committees: the Remuneration Committee, the Audit Committee, and the Nomination Committee, each with specific responsibilities[69] - The company has adopted the latest revised corporate governance code as of August 29, 2013, and has taken steps to comply with its provisions[33] Shareholder Communication - The company is committed to maintaining high levels of transparency and timely disclosure of company information[115] - The company has a policy in place to ensure shareholders receive timely and equal access to relevant information[113] - The board will continue to review and assess the effectiveness of shareholder communication[113] - The company has confirmed the independence of all non-executive directors as per the listing rules[134] Strategic Initiatives - The company aims to enhance its product portfolio and revenue sources through the anticipated strategies outlined in the August and November framework agreements[21] - The company is actively seeking mergers and acquisitions opportunities in the oil, gas exploration, and sustainable energy infrastructure sectors[21] - The company is also looking for investment opportunities in high-tech sectors in addition to oil and gas exploration[22] - The company has entered into a non-binding cooperation framework agreement with the government of Wuwei City, Gansu Province, to develop sustainable energy infrastructure, including energy storage facilities and transmission stations[19] Risk Management - The audit committee is responsible for ensuring effective risk management and internal controls are in place[93] - The company has established and maintained an effective risk management and internal control system for the year ending December 31, 2024[101] - The board has not identified any significant concerns or weaknesses in the internal control and risk management systems during the annual review[106] - No significant risks were identified during the risk assessment conducted for the year ending December 31, 2024[104] Employee and Board Diversity - The group employed approximately 610 full-time employees as of December 31, 2024, down from 740 in 2023[17] - As of December 31, 2024, 62% of the group's employees are female, highlighting the company's commitment to gender diversity[87] - The board diversity policy was adopted on August 29, 2013, and revised on December 20, 2018, emphasizing the importance of a diverse board for strategic goals and sustainable development[84] Audit and Compliance - The independent auditor confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2024, in accordance with Hong Kong Financial Reporting Standards[157] - The audit committee has reviewed the full-year results and confirmed compliance with applicable accounting standards and regulations[146] - The external auditor, Tianjian International CPA Limited, was paid HKD 785,000 for audit services during the review year[108]

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 136,109,000, a decrease of 12.7% compared to HKD 155,905,000 in 2023[2] - Gross profit for the year was HKD 29,074,000, down 42.1% from HKD 50,198,000 in the previous year[2] - The company reported a loss before tax of HKD 29,199,000, compared to a loss of HKD 27,606,000 in 2023, indicating a worsening financial performance[2] - The total comprehensive loss for the year was HKD 30,356,000, slightly higher than HKD 29,526,000 in 2023[3] - The company reported a total loss for the year 2024 of HKD 29,373,000, compared to a loss of HKD 30,578,000 in 2023, indicating a slight improvement in performance[17] - The loss attributable to the company's owners for the year ended December 31, 2024, was approximately HKD 27,020,000, an improvement from a loss of HKD 30,532,000 in 2023[27] - The core business recorded a loss of approximately HKD 23,433,000 for the year ended December 31, 2024, compared to a loss of HKD 20,480,000 in 2023[39] Assets and Liabilities - Current assets decreased to HKD 56,291,000 from HKD 89,423,000 in 2023, reflecting a significant reduction in liquidity[4] - The company's total equity dropped to HKD 43,010,000 from HKD 74,661,000 in the previous year, indicating a decline in financial stability[5] - The company's assets totaled HKD 82,498,000 in 2024, down from HKD 115,893,000 in 2023, reflecting a decrease of approximately 28.8%[20] - The total liabilities for 2024 were HKD 39,488,000, compared to HKD 41,232,000 in 2023, showing a reduction of about 4.2%[18] - Trade receivables decreased to HKD 9,182,000 in 2024 from HKD 16,912,000 in 2023, reflecting a significant reduction in outstanding amounts[28] Revenue Sources - Sales from toy products accounted for HKD 136,109,000 in 2024, which included revenue of HKD 129,095,000 from the largest customer, representing 95% of total revenue[21] - Revenue from Hong Kong increased to HKD 33,829,000 in 2024 from HKD 14,675,000 in 2023, representing a growth of approximately 130.5%[20] - Toy product revenue decreased by approximately 11% to HKD 136,109,000, with a loss of HKD 18,220,000, primarily due to a decline in sales outside of Hong Kong[40] - The novelty and decorative products segment reported no revenue, with a loss of HKD 5,213,000, attributed mainly to employee costs[41] Expenses and Financials - The company incurred financial expenses of HKD 1,108,000 in 2024, an increase from HKD 692,000 in 2023, marking a rise of approximately 60%[23] - Distribution costs decreased by approximately 24% to HKD 1,879,000, while administrative expenses fell by about 25% to HKD 58,582,000, mainly due to a significant reduction in average monthly salary and number of full-time employees[42] - Financial expenses increased by approximately 60% to HKD 1,108,000, due to increased interest on lease liabilities and loans[43] Shareholder Information - Basic and diluted loss per share was HKD 8.26, an improvement from HKD 9.34 in the previous year[3] - The net asset value per share as of December 31, 2024, was approximately HKD 0.11, down from HKD 0.19 the previous year[45] - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with no dividend in 2023[26] Corporate Governance and Management - The company has complied with the corporate governance code, except for the separation of roles between the Chairman and the CEO, which is currently shared among the board and the company secretary[55] - The company is in the process of finding a suitable candidate for the position of CEO following the resignation of Mr. Li Shaohua on November 17, 2022[56] - The audit committee, consisting of all independent non-executive directors, has reviewed the consolidated financial statements for the year ending December 31, 2024[57] Future Plans and Opportunities - The company is actively seeking acquisition opportunities in the oil and gas exploration and production sectors, as well as in sustainable energy infrastructure[52] - The company has entered into non-binding framework agreements to collaborate on sustainable energy infrastructure projects, which are expected to enhance the product portfolio and revenue sources[50][51] Employee Information - The group employed approximately 610 full-time employees as of December 31, 2024, down from 740 the previous year[48]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 68,611,000, a decrease of 7.8% compared to HKD 74,056,000 for the same period in 2023[5] - Gross profit for the period was HKD 14,660,000, down 31.9% from HKD 21,555,000 in the previous year[5] - The company reported a loss before tax of HKD 19,264,000, compared to a loss of HKD 10,774,000 in the same period last year, representing an increase of 79.8%[5] - Total comprehensive loss for the period was HKD 19,715,000, compared to HKD 11,635,000 in the previous year, indicating a rise of 69.3%[5] - Basic and diluted loss per share was HKD 5.45, compared to HKD 3.13 in the same period last year, reflecting a 74.0% increase in loss per share[6] - For the six months ended June 30, 2024, the company reported a total comprehensive loss of HKD 17,987,000, compared to a total comprehensive loss of HKD 10,932,000 for the same period in 2023, representing an increase of 64.5%[10] - The company reported a net loss of HKD 19,436,000 for the six months ended June 30, 2024, compared to a net loss of HKD 10,780,000 for the same period in 2023, representing an increase in net losses of approximately 80.5%[17] Assets and Liabilities - Non-current assets decreased to HKD 26,192,000 from HKD 26,470,000, a decline of 1.1%[8] - Current assets decreased to HKD 68,740,000 from HKD 89,423,000, a significant drop of 23.1%[8] - Total equity decreased to HKD 53,457,000 from HKD 74,661,000, a decline of 28.4%[9] - The company’s cash and cash equivalents decreased to HKD 16,897,000 from HKD 42,986,000, a decrease of 60.7%[8] - Total assets as of June 30, 2024, amounted to HKD 94,932,000, a decrease from HKD 115,893,000 as of December 31, 2023, reflecting a decline of approximately 18.0%[18] - The company recorded a total liability of HKD 41,475,000 as of June 30, 2024, compared to HKD 41,232,000 as of December 31, 2023, showing a slight increase in liabilities[18] - The total equity attributable to owners of the company as of June 30, 2024, was HKD 44,311,000, down from HKD 91,748,000 as of January 1, 2023, representing a decline of 51.7%[10] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2024, was HKD 22,858,000, compared to HKD 18,245,000 for the same period in 2023, indicating a deterioration of 25.5%[11] - The company reported a net cash used in investing activities of HKD 2,823,000 for the six months ended June 30, 2024, compared to HKD 215,000 for the same period in 2023, indicating a significant increase in investment outflows[11] - The company's cash and cash equivalents decreased by HKD 28,021,000 during the six months ended June 30, 2024, compared to a decrease of HKD 21,923,000 in the same period of 2023[11] - The cash and cash equivalents at June 30, 2024, stood at HKD 16,897,000, a significant decrease from HKD 45,442,000 at the beginning of the year[11] Revenue Breakdown - Revenue from toy products for the six months ended June 30, 2024, was HKD 68,611,000, a decrease of 5.3% from HKD 72,524,000 in the same period of 2023[16] - The company's revenue for the six months ended June 30, 2024, decreased by 7% year-on-year to approximately HKD 68,611,000 (2023: HKD 74,056,000) due to a decline in toy product sales[36] - Revenue from the toy product category decreased by approximately 5% to about HKD 68,611,000 (2023: HKD 72,524,000), accounting for 100% of total revenue, with a loss of approximately HKD 13,759,000 (2023: profit of HKD 5,632,000) primarily due to a drop in sales outside Hong Kong[37] - Revenue from external customers in Hong Kong increased to HKD 11,551,000 for the six months ended June 30, 2024, up from HKD 7,618,000 in the same period of 2023, marking an increase of approximately 51.5%[21] Operational Changes - The company employed approximately 650 full-time employees as of June 30, 2024, down from 740 as of December 31, 2023[45] - The company is actively seeking mergers and acquisitions opportunities in the oil and gas exploration and production sectors, as well as in sustainable energy infrastructure[50] - The company aims to enhance its product portfolio and revenue sources through the anticipated transactions under the August and November framework agreements[49] - The company will continue to optimize its product mix to meet customer demands and improve operational efficiency while implementing strict cost control measures[50] Corporate Governance - The company has not applied new accounting standards that have been issued but are not yet effective, indicating a cautious approach to financial reporting[14] - The company is in the process of identifying suitable candidates for the roles of Chairman and CEO following recent resignations[59] - The board has adopted a code of conduct for directors' securities trading, ensuring compliance with the standard code[60] - All directors confirmed adherence to the securities trading code for the six months ending June 30, 2024[60] - The audit committee consists of three independent non-executive directors, with Mr. Liu Shuren serving as the chairman[62] - The audit committee reviewed the unaudited consolidated interim results and interim report for the six months ending June 30, 2024[62]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 68,611,000, a decrease of 7.8% compared to HKD 74,056,000 for the same period in 2023[1]. - The gross profit for the period was HKD 14,660,000, down from HKD 21,555,000 in the previous year, reflecting a decline of 31.9%[1]. - The company recorded a loss before tax of HKD 19,264,000, compared to a loss of HKD 10,774,000 in the same period last year, indicating a significant increase in losses[1]. - Total comprehensive loss for the period was HKD 19,715,000, compared to HKD 11,635,000 in the previous year, representing an increase of 69.5%[2]. - Basic and diluted loss per share was HKD 5.45, compared to HKD 3.13 for the same period in 2023, reflecting a 74.0% increase in loss per share[2]. - The company reported a consolidated loss before tax of HKD 19,264,000 for the six months ended June 30, 2024, compared to a loss of HKD 10,774,000 for the same period in 2023, indicating a significant increase in losses[12]. - The company reported a loss attributable to shareholders of approximately HKD 17,806,000 for the period, compared to a loss of HKD 10,246,000 in the previous year[23]. - The basic and diluted loss per share was HKD 0.0545, compared to a loss of HKD 0.0313 in 2023[23]. Assets and Liabilities - Non-current assets decreased to HKD 26,192,000 from HKD 26,470,000 as of December 31, 2023, showing a slight decline[3]. - Current assets decreased to HKD 68,740,000 from HKD 89,423,000, indicating a reduction of 23.1%[3]. - The company's total equity decreased to HKD 53,457,000 from HKD 74,661,000, reflecting a decline of 28.4%[4]. - The total assets as of June 30, 2024, amounted to HKD 94,932,000, a decrease from HKD 115,893,000 as of December 31, 2023, reflecting a decline of approximately 18.1%[12]. - The company recorded a total liability of HKD 41,475,000 as of June 30, 2024, compared to HKD 41,232,000 as of December 31, 2023, showing a slight increase in liabilities[12]. Inventory and Receivables - Inventory as of June 30, 2024, was HKD 20,723,000, down from HKD 21,400,000, indicating a decrease of 3.2%[3]. - Trade and other receivables increased to HKD 25,167,000 from HKD 21,064,000, representing a growth of 19.5%[3]. - Trade and other receivables increased to HKD 22,921,000 as of June 30, 2024, compared to HKD 16,912,000 as of December 31, 2023, showing an increase of approximately 35.4%[20]. Segment Performance - The gross loss from the toy products segment was HKD 13,759,000 for the six months ended June 30, 2024, compared to a loss of HKD 5,632,000 for the same period in 2023, indicating a worsening performance in this segment[11]. - Revenue from toy products decreased by approximately 5% to about HKD 68,611,000, accounting for 100% of total revenue, with a loss of HKD 13,759,000 compared to a profit of HKD 5,632,000 in 2023[24]. Expenses - Distribution costs decreased by approximately 23% to about HKD 962,000, down from HKD 1,253,000 in 2023, due to lower inspection costs[26]. - Administrative expenses increased by approximately 2% to about HKD 34,320,000, up from HKD 33,825,000 in 2023, primarily due to higher employee costs[27]. - Financial expenses increased by approximately 6% to about HKD 381,000, compared to HKD 359,000 in 2023, attributed to increased interest on lease liabilities[28]. - The company incurred depreciation expenses of HKD 2,875,000 for the six months ended June 30, 2024, down from HKD 3,179,000 for the same period in 2023, indicating a reduction in depreciation costs[15]. Cash and Employment - As of June 30, 2024, the company had cash and bank balances of approximately HKD 16,897,000, down from HKD 42,986,000 as of December 31, 2023[29]. - The company employed approximately 650 full-time employees as of June 30, 2024, down from 740 as of December 31, 2023[33]. Strategic Initiatives - The company has entered into a non-binding cooperation framework agreement with the government of Wuwei City, Gansu Province, and Huaneng Jinxin Hengshun New Energy Co., Ltd. to develop sustainable energy infrastructure, including energy storage facilities and transmission stations[35]. - The company plans to acquire all assets and/or equity of Nanjing Dingzhen Automation Technology Co., Ltd., which specializes in R&D and manufacturing of new energy solutions, subject to legal and financial due diligence[35]. - The company is actively seeking mergers and acquisitions opportunities in the oil and gas exploration and production sectors, as well as in sustainable energy infrastructure[36]. - The company aims to enhance its product portfolio and revenue sources through the anticipated transactions under the August and November framework agreements[35]. Outlook and Governance - The company acknowledges that high interest rates are expected to create uncertainty and challenges in the operating environment for the second half of 2024[36]. - The company will continue to optimize its product mix to meet customer demands and improve operational efficiency while implementing strict cost control measures[36]. - There are no specific plans for significant investments or capital assets for the second half of 2024[35]. - The company has complied with the corporate governance code, with some deviations noted regarding the separation of roles between the chairman and CEO[38][39]. - The audit committee has reviewed the unaudited consolidated interim results for the six months ending June 30, 2024[41]. - The interim report will be published on the Hong Kong Stock Exchange and the company's website, containing all required information as per listing rules[42].

威發國際集團有限公司 於百慕達註冊成立之有限公司 股份代號：00765 2023 年 報 Perfectech International Holdings Limited Incorporated in Bermuda with limited liability Stock Code: 00765 2023 ANNUAL REPORT Perfectech I nter national Holdings Limited 威發國際集團有限公 司 ANNUAL REP O RT 2023 年 報 目錄 公司資料 2 管理層討論與分析 3 董事及高級管理人員之個人資料 7 企業管治報告 10 董事會報告 33 獨立核數師報告 41 綜合損益及其他全面收益表 46 綜合財務狀況表 47 綜合權益變動表 49 綜合現金流量表 50 財務概要 106 頁次 財務報表附註 52 公司資料 董事會 執行董事： 李邵華先生 方國洪先生 （於二零二三年三月十四日獲委任） 潘偉業先生 獨立非執行董事： 劉樹人先生 謝曉宏先生 耿建華先生 審核委員會 劉樹人先生 （委員會主席） 謝曉宏先生 耿建華先生 薪酬委員會 耿建華先生 ...

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 155,905,000, a decrease of 12.1% compared to HKD 177,458,000 in 2022[2] - Gross profit for the same period was HKD 50,198,000, down 18.4% from HKD 61,505,000 in 2022[2] - The company reported a loss before tax of HKD 27,606,000, compared to a loss of HKD 5,818,000 in the previous year, indicating a significant increase in losses[2] - The total comprehensive loss for the year was HKD 30,578,000, compared to a loss of HKD 5,971,000 in 2022, reflecting a worsening financial position[3] - Basic and diluted loss per share was HKD 9.34, compared to HKD 2.09 in the previous year, indicating a substantial increase in per-share losses[3] - The company reported a total loss of HKD 30,578,000 for the year 2023, compared to a loss of HKD 5,971,000 in 2022[21] - The loss attributable to the company's owners for the year ended December 31, 2023, was approximately HKD 30,532,000, compared to a loss of HKD 6,825,000 in 2022[49] - The core business recorded a loss of approximately HKD 20,480,000 for the year ended December 31, 2023, compared to a profit of HKD 715,000 in 2022[49] Assets and Liabilities - Current assets decreased to HKD 89,423,000 from HKD 127,043,000 in 2022, a decline of 29.5%[5] - The company's total equity decreased to HKD 74,661,000 from HKD 106,539,000 in 2022, a reduction of 29.9%[6] - The total assets of the company as of 2023 amounted to HKD 115,893,000, a decrease from HKD 157,638,000 in 2022[24] - The company’s liabilities totaled HKD 41,232,000 in 2023, compared to HKD 51,099,000 in 2022, indicating a reduction of 19.4%[24] - Trade receivables decreased to HKD 17,708,000 in 2023 from HKD 30,597,000 in 2022, a decline of 42.3%[36] - The total trade and other payables decreased to HKD 28,992,000 in 2023 from HKD 37,680,000 in 2022, a reduction of 23.1%[42] Revenue Breakdown - Revenue from toy products was HKD 152,049,000 in 2023, down from HKD 170,895,000 in 2022, representing a decline of 10.9%[27] - Revenue from Hong Kong customers was HKD 14,675,000 in 2023, an increase from HKD 14,060,000 in 2022[26] - Revenue from Europe decreased to HKD 12,133,000 in 2023 from HKD 15,986,000 in 2022, a decline of 24.5%[26] - Sales to the largest customer generated revenue of HKD 140,514,000, accounting for approximately 90% of total revenue in 2023[27] - Revenue from toy products decreased by approximately 11% to about HKD 152,049,000, accounting for about 98% of total revenue[50] Operational Insights - The company continues to focus on the manufacturing and sales of novelty gifts, decorative items, and toys, indicating ongoing commitment to its core business[9] - The loss in the toy product category increased to approximately HKD 16,714,000, primarily due to a decline in sales in Asia (excluding Hong Kong) and the United States[50] - Administrative expenses increased by approximately 10% to about HKD 77,982,000, mainly due to an increase in the average number of full-time employees[53] - The average credit period granted to trade customers was 60 days[39] Investment and Future Plans - The company invested HKD 3,403,000 in property, plant, and equipment in 2023[22] - The group has entered into a non-binding cooperation framework agreement to develop sustainable energy infrastructure, which is expected to enhance long-term profitability[62] - The group has no specific plans for significant investments or capital assets for the year ending December 31, 2024[63] - The company is actively seeking high-quality acquisition opportunities in the oil, gas exploration, and sustainable energy infrastructure sectors to enhance its core energy business[64] - The board will carefully evaluate potential investment opportunities to bring additional value and new revenue sources to the group, aiming for long-term returns for shareholders[64] Governance and Compliance - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with the standards set forth in the listing rules[67] - The company has complied with the corporate governance code, with the exception of the separation of roles between the chairman and the CEO[69] - The audit committee, consisting of all independent non-executive directors, has reviewed the consolidated financial statements for the year ending December 31, 2023[72] - The financial figures for the group have been agreed upon by the auditors, although no formal verification has been conducted according to Hong Kong auditing standards[73] - The annual results announcement will be published on the company's website and the Hong Kong Stock Exchange's website[75] Market Conditions - High interest rates are expected to continue creating uncertainty and challenges for the group's operating environment in the second half of 2024[64] - The group will continue to optimize its product portfolio to meet customer needs and improve production and operational efficiency while implementing strict cost control measures[64]

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 74,056,000, a decrease of 4.0% compared to HKD 77,343,000 for the same period in 2022[7] - Gross profit for the same period was HKD 21,555,000, down 3.7% from HKD 22,380,000 in 2022[7] - The company reported a loss before tax of HKD 10,774,000, compared to a loss of HKD 5,824,000 in the previous year, indicating a significant increase in losses[7] - Basic and diluted loss per share for the period was HKD 3.13, compared to HKD 2.07 in the same period last year[9] - The company reported a net loss of HKD (10,780) thousand for the six months ended June 30, 2023, compared to a net loss of HKD (6,760) thousand for the same period in 2022, indicating increased losses[32] - The loss attributable to the company's owners for the same period was approximately HKD 10,246,000, compared to a loss of HKD 6,781,000 in 2022[54] - The group recorded a core business loss of HKD 7,800,000 for the period, compared to a loss of HKD 2,075,000 in 2022[54] Assets and Liabilities - Total assets decreased to HKD 104,439,000 as of June 30, 2023, from HKD 118,649,000 at the end of 2022, reflecting a decline of 11.97%[12] - Current assets dropped to HKD 99,755,000 from HKD 127,043,000, a decrease of 21.5%[12] - The company's total equity as of June 30, 2023, was HKD 92,552,000, down from HKD 106,539,000 at the end of 2022, a decrease of 13.1%[13] - The total liabilities as of June 30, 2023, were HKD 34,312 thousand, compared to HKD 51,099 thousand as of June 30, 2022, indicating a reduction in liabilities[35] - Cash and cash equivalents decreased to HKD 45,442 thousand as of June 30, 2023, from HKD 71,734 thousand as of June 30, 2022, marking a decline of approximately 37%[18] Revenue Breakdown - Revenue from toy products for the six months ended June 30, 2023, was HKD 72,524 thousand, down from HKD 75,709 thousand in the same period of 2022, a decrease of about 4.5%[29] - Revenue from novelty and decorative items decreased by approximately 6% to about HKD 1,532,000[56] - Revenue from toy products decreased by approximately 4% to about HKD 72,524,000, accounting for about 98% of total revenue[55] Expenses - Distribution costs increased by approximately 56% year-on-year to about HKD 1,253,000, attributed to rising inspection costs[58] - Administrative expenses rose by approximately 17% year-on-year to about HKD 33,825,000, mainly due to an increase in average full-time employees[58] - Financial expenses decreased by approximately 6% year-on-year to about HKD 359,000, due to reduced interest on lease liabilities[59] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2023, was HKD (18,245) thousand, compared to HKD 15,191 thousand for the same period in 2022, indicating a significant decline[18] - The company’s cash flow from investing activities was HKD (215) thousand for the six months ended June 30, 2023, compared to HKD 196 thousand in the same period of 2022, indicating a negative shift in investment cash flow[18] Corporate Governance - The company has adopted the corporate governance code as per the latest amendments to the listing rules, ensuring compliance with the relevant guidelines[77] - The roles of Chairman and CEO are currently shared among the board and the company secretary, following the resignation of the previous Chairman in December 2020 and the CEO in November 2022[80] - The audit committee consists of three independent non-executive directors, with Mr. Liu Shuren serving as the chairman, and has reviewed the unaudited interim results for the six months ending June 30, 2023[83] - The company is in the process of identifying suitable candidates for the roles of Chairman and CEO to enhance governance and operational effectiveness[80] - The company confirmed compliance with the standards for directors' securities transactions during the six months ending June 30, 2023[81] Shareholder Information - As of June 30, 2023, the company had a total of 326,923,607 issued shares, with major shareholders holding significant stakes: Mr. Zhai Jun holds 125,297,040 shares (38.33%) and Mr. Gao Xiaorui holds 84,717,041 shares (25.91%) [74] - Major shareholders include Star Fly Limited, which is wholly owned by Mr. Zhai Jun, and Fresh Choice Holdings Limited, which is primarily owned by Mr. Gao Xiaorui [79] Strategic Outlook - The company is exploring more quality merger and acquisition opportunities in the oil, gas, and sustainable energy infrastructure sectors[70] - The board is cautiously evaluating new investment opportunities to create long-term returns for shareholders amid a challenging operating environment[70]

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告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 PERFECTECH INTERNATIONAL HOLDINGS LIMITED 威 發 國 際 集 團 有 限 公 司* （於百慕達註冊成立之有限公司） （股份編號：00765） 截至二零二三年六月三十日止六個月之中期業績公告 中期業績 威發國際集團有限公司（「本公司」）董事（「董事」，各位「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（「本集團」）於截至二零二三年六月三十日止六個月之未經審核簡明綜 合業績，以及二零二二年同期之比較數字。 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 （未經審核） 截至六月三十日止六個月 二零二三年 二零二二年 附註 港幣千元 港幣千元 收益 3 & 4 74,056 77,343 銷售成本 (52,501) (54,963) ...

企業管治報告 獨立非執行董事 提名委員會之詳情載於下文「提名委員會」分節。 企業管治報告 所有董事均有權獲得董事會文件及相關資料。該等文件及相關資料的形式及素質須足以使董事會可就獲提呈事 項作出知情決定。董事提出的疑問應即時得到全面答覆。 閱讀材料 劉樹人先生 ✓ 企業管治報告 各董事於二零二二年十二月三十一日在本公司之股份及購股權的權益已刊於本年報第35頁內。 董事會負責制定本集團策略及業務計劃，並集體負責其成功。 | --- | --- | |-------|----------------------------------------------------------------------------------------------------| | | | | | 保留予董事會及轉授予管理層的職能已經確立並會定期檢討，以確保彼等仍對本公司的需求適用。董事會已採納 | | | 備忘錄，列明其授權政策。董事會與管理層之間職責和責任的劃分已明確界定，並提供作為本公司的內部指引。 | | | 董事會將有關日常營運及行政之決策責任交予管理層。備忘錄亦設立一套原則，當董事會下授權力時應當遵守。 | | ...

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告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 PERFECTECH INTERNATIONAL HOLDINGS LIMITED 威 發 國 際 集 團 有 限 公 司* （於百慕達註冊成立之有限公司） （股份編號：00765） 截至二零二二年十二月三十一日止年度 之全年業績公告 業績 威發國際集團有限公司（「本公司」）董事（各自及統稱「董事」）會（「董事會」）欣然宣佈，本 公司及其附屬公司（「本集團」）於截至二零二二年十二月三十一日止年度之經審核綜合業 績連同二零二一年之比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 港幣千元 港幣千元 收益 3及4 177,458 186,211 銷售成本 (115,953) (129,323) ...