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，概不就因本公告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。 KA SHUI INTERNATIONAL HOLDINGS LIMITED 嘉瑞國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：822） 截至二零二五年六月三十日止六個月之 未經審核中期業績公告 | 財務摘要 | | | | | --- | --- | --- | --- | | | 截至六月三十日止六個月 | | | | | 二零二五年 | 二零二四年 | +/(-) | | | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | | 業績 | | | | | 收入 | 646,247 | 614,102 | 5.2% | | 毛利 | 89,149 | 84,721 | 5.2% | | 本公司權益持有人應佔虧損 | (39,361) | (50,097) | (21.4%) | | 未計利息、稅項、折舊及攤銷前盈利 | 18,875 | 7,229 | 1 ...

格隆汇8月19日丨嘉瑞国际(00822.HK)公告，公司将于2025年8月29日(星期五)举行董事会会议，藉以(其 中包括)批准公司及其附属公司截至2025年6月30日止6个月中期业绩及考虑派发中期股息(如有)。 ...

董事會召開日期 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。 KA SHUI INTERNATIONAL HOLDINGS LIMITED 嘉瑞國際控股有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 822) 嘉瑞國際控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 二零二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）批准本 公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績及考慮派發 中期股息（如有）。 承董事會命 嘉瑞國際控股有限公司 主席及行政總裁 李遠發 香港，二零二五年八月十九日 於本公告日期，董事會成員包括四名執行董事，即李遠發先生、黃永銓先生、陳素華女士及陳善榮工 程師，及四名獨立非執行董事，即孫啟烈教授 BBS, JP 、盧偉國博士工程師， GBS, MH, JP 、江啟銓先生及鄧觀瑤先 生。 ...

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 FF301 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月4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) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本 ...

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 1,481,802,000, representing a 15.5% increase from HKD 1,282,495,000 in 2023[3] - Gross profit decreased by 3.6% to HKD 229,866,000 from HKD 238,395,000[3] - Loss attributable to equity holders of the company increased by 115.6% to HKD 61,306,000 compared to HKD 28,435,000 in the previous year[3] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was HKD 69,079,000, up 4.3% from HKD 66,250,000[3] - Basic loss per share was HKD 6.86, a 115.7% increase from HKD 3.18 in 2023[3] - Total comprehensive loss for the year was HKD 77,847,000, compared to HKD 20,716,000 in the previous year[6] - The reported total loss for the year ending December 31, 2024, was HKD (19,062,000), compared to a loss of HKD (11,789,000) in 2023, indicating a deterioration in performance[19] - The company reported a net loss for the year of HKD (67,074,000) in 2024, compared to a net loss of HKD (29,408,000) in 2023, indicating a significant increase in losses[19] Assets and Liabilities - Non-current assets totaled HKD 863,191,000, a decrease from HKD 883,316,000 in 2023[7] - Current assets increased to HKD 1,025,106,000 from HKD 837,175,000, driven by higher inventory and trade receivables[7] - Total liabilities increased to HKD 623,231,000 from HKD 398,871,000, primarily due to increased bank borrowings[8] - Trade receivables increased to HKD 490,529,000 from HKD 408,201,000 in 2023, reflecting a growth of approximately 20.1%[28] - The group's interest-bearing borrowings amounted to approximately HKD 203.9 million as of December 31, 2024, compared to HKD 64.5 million in 2023[42] - The group's net current assets were approximately HKD 401.9 million as of December 31, 2024, down from HKD 438.3 million in 2023, with a current ratio of approximately 1.6[44] Revenue Breakdown - Revenue from the plastic segment significantly increased to HKD 680,556,000 in 2024, up from HKD 579,277,000 in 2023, marking a growth of about 17.5%[19] - Major customer revenue from the plastic segment rose to HKD 469,177,000 in 2024, compared to HKD 337,902,000 in 2023, reflecting a growth of approximately 38.8%[22] - Revenue from the Chinese market (excluding Hong Kong) surged to HKD 744,297,000 in 2024, up from HKD 584,213,000 in 2023, representing a growth of about 27.4%[21] - Revenue from the magnesium alloy business increased significantly by approximately 34.1% to HKD 462,578,000, representing about 31.2% of total revenue[33] - Revenue from the aluminum alloy business grew by approximately 6.2% to HKD 242,569,000, contributing about 16.4% to total revenue[34] - Zinc alloy business revenue decreased by approximately 37.6% to HKD 48,917,000, down from HKD 78,355,000 in 2023[35] Operational Insights - The company is engaged in the production and sale of zinc, magnesium, aluminum alloys, and other products, with a focus on home goods and automotive components[9] - The group operates nine business segments, including zinc, magnesium, aluminum alloy, plastic products, automotive repair services, special vehicle sales, new energy vehicle power systems, and smart home products[16] - The automotive power system segment combines automotive repair services, special vehicle sales, and new energy vehicle power systems due to similar economic characteristics and shared customer types[16] - The group’s segments do not report or utilize segment assets and liabilities for major operating decisions[17] - The group aims to strengthen its sales and marketing teams over the next three years to capture a larger market share in the growing new energy vehicle sector[39] Financial Management and Governance - The group maintains a cautious approach to financial resource management, ensuring adequate cash levels and credit facilities to meet operational needs[42] - The board consists of three executive directors and four independent non-executive directors as of March 28, 2025[66] - The audit committee is composed of four independent non-executive directors, with a focus on reviewing financial reports and risk management[59] - The company established a Compensation Committee in June 2007 to review and recommend remuneration policies for directors and senior management[61] - A Risk Management Committee was formed in October 2020 to oversee risk management processes and internal controls, ensuring their effectiveness and suggesting improvements[62] Future Outlook and Investments - The company plans to continue R&D investments in magnesium-related new materials and aims to enhance the thermal conductivity of magnesium alloys, achieving a thermal conductivity coefficient of 140 W/(m • K)[37] - The company will conduct small to medium-scale production trials to verify and refine the performance of the new alloy while accelerating product launches to capture market share[37] - The group has successfully developed materials that meet FAA flammability requirements, which are now supplied to leading aircraft manufacturers in China, highlighting its ability to identify emerging market opportunities[40] - The group plans to invest resources in its manufacturing base in Wuhu, Anhui Province, to support the growing low-altitude economy, which has attracted nearly 200 aerospace supply chain companies[40] Compliance and Corporate Actions - The group has not made any retrospective adjustments regarding the adoption of the revised Hong Kong Accounting Standard No. 1, which classifies liabilities as current or non-current[12] - The adoption of the revised Hong Kong Financial Reporting Standards is expected to have no significant impact on the financial statements for the current or future periods[13] - The group has not early adopted any new or revised standards that may be relevant, with the current conclusion indicating minimal impact on the consolidated financial statements[13] - The company has maintained compliance with the corporate governance code, except for a temporary deviation regarding the roles of the chairman and CEO[56] - The company will suspend the transfer of shares from May 27, 2025, to May 30, 2025, to facilitate the upcoming annual general meeting[53] Employee and Dividend Information - As of December 31, 2024, the group had approximately 4,550 full-time employees, a decrease from 4,762 employees as of December 31, 2023[50] - The board of directors decided not to recommend the payment of a final dividend for the year ending December 31, 2024, consistent with the previous year[52]

Corporate Information [Core Corporate Information](index=2&type=section&id=Corporate%20Information) This section provides fundamental information about Kary International Holdings Limited, including board and committee members, registered office, principal place of business, auditor, and principal bankers, noting personnel changes during the reporting period - Changes in the company's board and committee members include the retirement of Independent Non-executive Director Mr. Luk Tung on May 31, 2024, and the appointment of Mr. Tang Koon Yiu on the same day, along with the appointment of Chief Financial Officer Mr. Yu Wai Chun on January 3, 2024[4](index=4&type=chunk) - The company's principal bankers include The Hongkong and Shanghai Banking Limited, Standard Chartered Bank (Hong Kong) Limited, and Bank of China (Hong Kong) Limited, with RSM Hong Kong as the auditor[6](index=6&type=chunk) Key Information for Shareholders [Key Information for Shareholders](index=5&type=section&id=Key%20Information%20for%20Shareholders) This section provides core transaction information for shareholders, including the announcement date of the 2024 interim results, stock code, board lot size, and investor relations contact details Key Shareholder Information | Item | Content | | :--- | :--- | | 2024 Interim Results Announcement Date | August 26, 2024 | | Stock Code | 822 | | Board Lot Size | 2,000 shares | Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Profit or Loss](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2024, the Group's revenue increased by **15.5%** year-on-year to **HKD 614 million**, but gross profit decreased by **17.9%** to **HKD 84.72 million** due to a significant rise in cost of sales, with operating loss expanding to **HKD 44.07 million** and loss for the period expanding to **HKD 53.10 million**, while loss attributable to owners of the company was **HKD 50.10 million**, and basic loss per share was **HKD 5.61 cents** Key Profit or Loss Indicators for H1 2024 (HKD thousands) | Indicator | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 614,102 | 531,611 | +15.5% | | Gross Profit | 84,721 | 103,136 | -17.9% | | Operating Loss | (44,066) | (21,346) | +106.4% | | Loss for the Period | (53,095) | (22,762) | +133.3% | | Loss Attributable to Owners of the Company | (50,097) | (21,703) | +130.8% | - Basic loss per share expanded from **HKD 2.43 cents** in the prior period to **HKD 5.61 cents**[11](index=11&type=chunk) [Condensed Consolidated Statement of Financial Position](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group's total assets were **HKD 1.797 billion**, a slight increase from the end of 2023, while net current assets decreased to **HKD 374 million**, primarily due to a significant increase in bank borrowings within current liabilities, and total equity decreased to **HKD 1.190 billion** Key Financial Position Indicators (HKD thousands) | Indicator | June 30, 2024 | December 31, 2023 | Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 877,026 | 883,316 | -0.7% | | Current Assets | 919,968 | 837,175 | +9.9% | | **Total Assets** | **1,796,994** | **1,720,491** | **+4.4%** | | Current Liabilities | 545,850 | 398,871 | +36.9% | | Non-current Liabilities | 60,774 | 67,023 | -9.3% | | **Total Liabilities** | **606,624** | **465,894** | **+30.2%** | | **Total Equity** | **1,190,370** | **1,254,597** | **-5.1%** | - Bank borrowings within current liabilities significantly increased from **HKD 63.33 million** to **HKD 199 million**, which is the primary reason for the rise in total current liabilities[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) In the first half of 2024, cash flow from operating activities turned negative, with a net outflow of **HKD 15.65 million**, compared to a net inflow of **HKD 106 million** in the prior period, while cash flow from financing activities turned into a net inflow of **HKD 129 million**, mainly from new bank loans, and the cash and cash equivalents balance at period-end was **HKD 251 million** Key Cash Flow Indicators (HKD thousands) | Indicator | H1 2024 | H1 2023 | Change | | :--- | :--- | :--- | :--- | | Net Cash from Operating Activities | (15,654) | 106,258 | Turned from positive to negative | | Net Cash Used in Investing Activities | (55,865) | (48,565) | Increased expenditure | | Net Cash from/(Used in) Financing Activities | 129,168 | (38,382) | Turned from negative to positive | | Cash and Cash Equivalents at End of Period | 251,147 | 259,694 | -3.3% | [Notes to the Condensed Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes to the financial statements detail key information such as the company's accounting policies, business segment performance, revenue composition, related party transactions, and share capital structure, highlighting that plastic and magnesium alloy businesses were the main drivers of revenue growth, though the plastic business incurred losses due to higher initial costs at the Mexico plant, and also disclosing no interim dividend was declared for the period - The Group primarily engages in the manufacturing and sale of zinc, magnesium, and aluminum alloy and plastic products, also involved in automotive components, smart home, and other sectors[19](index=19&type=chunk) - The Board resolved not to declare an interim dividend for the six months ended June 30, 2024[64](index=64&type=chunk)[65](index=65&type=chunk) - In April 2024, the Group acquired the remaining equity interest in Huizhou Gongxiang Intelligent Casting Industry Light Alloy Innovation Center Co., Ltd., an associate, making it a wholly-owned subsidiary[81](index=81&type=chunk)[82](index=82&type=chunk) [5. Segment Information](index=31&type=section&id=5.%20Segment%20Information) By business segment, plastic and magnesium alloy businesses saw significant revenue growth, while aluminum and zinc alloy revenues declined, with the plastic business, despite the fastest revenue growth, recording a segment loss of **HKD 26.56 million** primarily due to initial costs at the new Mexico plant, while the magnesium alloy business achieved profitability Revenue by Business Segment (HKD thousands) | Business Segment | H1 2024 Revenue | H1 2023 Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Zinc Alloy | 30,188 | 36,007 | -16.2% | | Magnesium Alloy | 199,916 | 159,106 | +25.6% | | Aluminum Alloy | 96,666 | 117,548 | -17.8% | | Plastic | 268,981 | 190,213 | +41.4% | | Automotive Powertrain Systems | 15,198 | 21,794 | -30.3% | | Lighting Products | 2,983 | 6,597 | -54.8% | [6. Revenue](index=35&type=section&id=6.%20Revenue) From a product type perspective, die-casting products and plastic products are the Group's primary revenue sources, contributing **HKD 307 million** and **HKD 235 million** respectively, with most revenue (**HKD 543 million**) recognized at a point in time Revenue by Product Type (HKD thousands) | Product Type | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Die-casting Products | 306,633 | 300,682 | +2.0% | | Plastic Products | 234,670 | 168,471 | +39.3% | | Molds | 31,898 | 32,353 | -1.4% | | Others | 40,901 | 30,105 | +35.9% | Management Discussion and Analysis [(A) FINANCIAL REVIEW](index=53&type=section&id=%28A%29%20FINANCIAL%20REVIEW) In the first half of 2024, the Group's revenue increased by **15.5%** to **HKD 614 million** year-on-year, driven by brand customers' inventory replenishment and anticipated interest rate cuts, however, gross profit margin decreased from **19.4%** to **13.8%**, and gross profit fell by **17.9%**, due to a low-margin sales strategy, product mix changes, and higher initial costs at the Mexico plant, ultimately expanding net loss attributable to owners of the company to **HKD 50.10 million** - Revenue growth is primarily attributed to channel inventory replenishment and increased new customer orders, with strong performance particularly in the plastic and magnesium alloy businesses[99](index=99&type=chunk) - The main reasons for the decline in gross profit include: 1) a low-margin sales pricing strategy; 2) changes in product mix; and 3) the Mexico plant still being in its initial stage with higher production costs[99](index=99&type=chunk) [(B) BUSINESS REVIEW](index=54&type=section&id=%28B%29%20BUSINESS%20REVIEW) Business segment performance varied, with the plastic business seeing a **41.4%** revenue increase due to its "China + Mexico" strategy but incurring temporary losses from high initial costs in Mexico, while the magnesium alloy business grew **25.6%** benefiting from AI cooling demand, whereas aluminum and zinc alloy businesses declined by **17.8%** and **16.2%** respectively due to product substitution and decreased demand for home goods - Plastic Business: Revenue increased by **41.4%** to **HKD 269 million**, benefiting from the "China + Mexico" dual-location manufacturing strategy, but the Mexico plant's initial high costs led to a segment loss[102](index=102&type=chunk)[104](index=104&type=chunk) - Magnesium Alloy Business: Revenue increased by **25.6%** to **HKD 200 million**, primarily driven by the growing demand for high thermal conductivity magnesium alloy heat dissipation materials due to AI popularization[103](index=103&type=chunk)[105](index=105&type=chunk) - Aluminum Alloy Business: Revenue decreased by **17.8%** to **HKD 96.67 million**, affected by the substitution effect of increased magnesium alloy application in new energy vehicles[106](index=106&type=chunk)[110](index=110&type=chunk) - Zinc Alloy Business: Revenue decreased by **16.2%** to **HKD 30.19 million**, due to a significant reduction in demand from the home goods market[107](index=107&type=chunk)[111](index=111&type=chunk) [(C) PROSPECTS](index=56&type=section&id=%28C%29%20PROSPECTS) The Group maintains a cautiously optimistic outlook for the second half of 2024, anticipating a rebound in consumer electronics demand during the holiday season, and will continue to advance its "Four New" strategies: expanding into new businesses like "low-altitude economy," developing new materials such as flame-retardant and ultra-high thermal conductivity magnesium alloys, optimizing the "China + Mexico" layout to explore new markets, and seeking new opportunities in 3D printing and the hydrogen economy - New Businesses: Secured orders from a leading domestic aircraft manufacturer, entering the "low-altitude economy" supply chain, and collaborating with industry leaders to develop lightweight magnesium alloy electronic control and drive products[115](index=115&type=chunk)[118](index=118&type=chunk) - New Materials: Successfully developed magnesium alloy materials meeting US FAA flame retardant standards for aircraft components, while the thermal conductivity of new-generation ultra-high thermal conductivity magnesium alloys has increased from **110W/(m·K)** to **140W/(m·K)** to meet AI computing heat dissipation demands[122](index=122&type=chunk)[125](index=125&type=chunk) - New Markets: Utilizing the "China + Mexico" dual-base layout to serve global customers, reduce geopolitical risks and logistics costs, and committed to optimizing the long-term profitability of the Mexico plant[128](index=128&type=chunk)[130](index=130&type=chunk) - New Opportunities: Actively seeking opportunities in Southeast Asia and the Middle East, and exploring emerging fields such as 3D custom printing, smart electronics, and the hydrogen economy[129](index=129&type=chunk)[131](index=131&type=chunk) [Liquidity and Financial Resources](index=62&type=section&id=Liquidity%20and%20Financial%20Resources) The Group adopts a prudent financial management policy, holding bank and cash balances of approximately **HKD 253 million** as of June 30, 2024, with total interest-bearing borrowings of approximately **HKD 201 million**, and a current ratio of **1.7**, down from **2.1** at the end of last year, while the net gearing ratio is not applicable as cash and deposits exceed total borrowings Liquidity and Capital Structure (HKD thousands) | Indicator | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Bank and Cash Balances | 252,985 | 196,319 | | Total Interest-bearing Borrowings | 201,180 | 64,518 | | Net Cash | 51,805 | 131,801 | | Net Current Assets | 374,118 | 438,304 | | Current Ratio | 1.7 | 2.1 | [(I) HUMAN RESOURCES](index=65&type=section&id=%28I%29%20HUMAN%20RESOURCES) As of June 30, 2024, the Group had approximately **4,430** full-time employees, a decrease from **4,762** at the end of 2023, viewing employees as core assets and providing competitive compensation, benefits, and training opportunities, along with a share option scheme to incentivize staff - As of June 30, 2024, the Group had approximately **4,430** full-time employees[141](index=141&type=chunk) Other Information [Directors' and Chief Executives' Interests](index=65&type=section&id=Directors%27%20and%20Chief%20Executives%27%20Interests) This section discloses the interests of the company's directors and chief executives in the shares, underlying shares, and debentures of the company and its associated corporations as of June 30, 2024, with Chairman Mr. Lee Yuen Fat holding approximately **63.55%** of the company's interests through controlled companies and a discretionary trust, and some executive directors also holding share options - Chairman Mr. Lee Yuen Fat holds **440 million shares** (**49.23%**) through his wholly-owned company Precisefull Limited and is deemed to have an interest in an additional **128 million shares** (**14.32%**) as the founder of the YF Lee Family Trust[146](index=146&type=chunk)[147](index=147&type=chunk) - Executive Directors Mr. Lee Yuen Fat, Mr. Wong Wing Chuen, and Ms. Chan So Wah each hold **2,000,000** share options[148](index=148&type=chunk) [Share Option Scheme](index=70&type=section&id=Share%20Option%20Scheme) The company adopted a share option scheme in 2017, with **40,210,000** share options granted in 2022 remaining unexercised as of June 30, 2024, at an exercise price of **HKD 0.39** and a weighted average remaining contractual life of **3.34 years**, with these options vesting in two tranches on October 31, 2023, and October 31, 2024 Details of Unexercised Share Options | Grant Date | Exercise Price (HKD) | Number Unexercised (June 30, 2024) | Number Exercisable (June 30, 2024) | | :--- | :--- | :--- | :--- | | October 31, 2022 | 0.39 | 40,210,000 | 20,105,000 | - All share options granted on October 31, 2022, vested in two tranches: **50%** on October 31, 2023, and the remaining **50%** on October 31, 2024[167](index=167&type=chunk) [Corporate Governance](index=76&type=section&id=Corporate%20Governance) The company has established an Audit Committee, Nomination Committee, Remuneration Committee, and Risk Management Committee to ensure a high level of corporate governance, with committee memberships adjusted during the reporting period due to director changes, and the company has adopted and all directors have confirmed compliance with the standard code for directors' securities transactions - The memberships of the Audit Committee, Nomination Committee, and Remuneration Committee all changed on May 31, 2024, due to the retirement of Mr. Luk Tung and the appointment of Mr. Tang Koon Yiu[173](index=173&type=chunk)[176](index=176&type=chunk)[179](index=179&type=chunk) - The Risk Management Committee is chaired by Chief Executive Officer Mr. Chu Wai Man, with Chief Financial Officer Mr. Yu Wai Chun added as a new member on August 26, 2024[182](index=182&type=chunk) - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the current period[187](index=187&type=chunk)

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 614,102,000, representing a 15.5% increase from HKD 531,611,000 in the same period of 2023[1] - Gross profit decreased to HKD 84,721,000, down 17.9% from HKD 103,136,000 year-on-year[1] - Loss attributable to equity holders of the company was HKD 50,097,000, a 130.8% increase compared to a loss of HKD 21,703,000 in the previous year[1] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined by 69.1% to HKD 7,229,000 from HKD 23,423,000[1] - Basic loss per share was HKD (5.61), compared to HKD (2.43) in the same period last year, reflecting a 130.9% increase in loss per share[1] - Total comprehensive loss for the period was HKD 64,565,000, compared to HKD 34,440,000 in the previous year[3] - The group reported a total comprehensive loss of HKD 53,095,000 for the six months ended June 30, 2024, compared to a loss of HKD 22,762,000 for the same period in 2023, highlighting a significant increase in overall losses[13] Assets and Liabilities - Non-current assets amounted to HKD 877,026,000, slightly down from HKD 883,316,000 as of December 31, 2023[4] - Current assets increased to HKD 919,968,000 from HKD 837,175,000, driven by higher inventory levels[4] - Total liabilities increased to HKD 545,850,000 from HKD 398,871,000, primarily due to an increase in current liabilities[5] - The total trade receivables as of June 30, 2024, were HKD 372,163,000, down from HKD 408,201,000 at the end of December 2023, reflecting a decrease of about 8.8%[22] - The group’s total liabilities increased, with trade payables amounting to HKD 214,538,000 as of June 30, 2024, slightly up from HKD 214,513,000 at the end of December 2023[24] - The company's interest-bearing borrowings amounted to approximately HKD 201,180,000 as of June 30, 2024, compared to HKD 64,518,000 as of December 31, 2023[39] Revenue Breakdown - Revenue from the zinc segment was HKD 30,188,000 for the six months ended June 30, 2024, down from HKD 36,007,000 in the same period of 2023, indicating a decline in this segment[11] - The magnesium segment reported a profit of HKD 3,895,000 for the six months ended June 30, 2024, compared to a loss of HKD 9,542,000 for the same period in 2023, showing a turnaround in performance[12] - The plastic business revenue rose by about 41.4% to HKD 268,981,000, contributing approximately 43.8% to total revenue[26] - Magnesium alloy business revenue grew by approximately 25.6% to HKD 199,916,000, accounting for about 32.6% of total revenue[27] - Aluminum alloy business revenue decreased by approximately 17.8% to HKD 96,666,000, contributing about 15.7% to total revenue[28] - Zinc alloy business revenue declined by approximately 16.2% to HKD 30,188,000, representing about 4.9% of total revenue[29] - Other businesses saw a revenue drop of approximately 36.1% to HKD 18,351,000[30] Costs and Expenses - The cost of goods sold for the period was HKD 486,843,000, an increase from HKD 382,974,000 in the previous year, representing a year-on-year increase of approximately 27.1%[18] - Research and development expenses decreased to HKD 8,893,000 from HKD 22,865,000, indicating a reduction of about 61.1%[18] - The group incurred financing costs of HKD 5,642,000 for the six months ended June 30, 2024, significantly higher than HKD 2,056,000 for the same period in 2023, reflecting increased borrowing costs[13] - Interest income decreased to HKD 1,458,000 for the six months ended June 30, 2024, down from HKD 2,598,000 in the same period of 2023, indicating a decline in interest-earning assets[14] - The group’s depreciation and amortization expenses totaled HKD 45,360,000 for the six months ended June 30, 2024, compared to HKD 41,685,000 for the same period in 2023, reflecting increased asset utilization[12] - The group’s depreciation expense for property, plant, and equipment was HKD 37,920,000, a slight increase from HKD 36,229,000 in the previous year[18] Dividends and Shareholder Returns - The group did not declare an interim dividend for the six months ended June 30, 2024, compared to a dividend of HKD 17,875,000 for the same period in 2023[20] - The board has decided not to declare an interim dividend for the six months ending June 30, 2024, maintaining a prudent approach to retain sufficient funds for future business development opportunities[47] Strategic Initiatives - The company continues to focus on the production and sales of zinc, magnesium, aluminum alloys, and smart home products, targeting customers in home goods and automotive parts sectors[6] - The company anticipates new orders driven by restocking demand and expected interest rate cuts starting in Q3 2024, particularly in the laptop and mobile accessories segments[31] - The company has secured an order from a leading domestic aircraft manufacturer for magnesium alloy shell products, marking entry into the low-altitude economy supply chain[32] - The company is collaborating with research institutions to develop high thermal conductivity magnesium alloy materials, enhancing fire resistance and heat resistance[34] - The company aims to leverage big data and cloud computing for real-time management and production scheduling to improve operational efficiency[31] - The company has developed a new generation of ultra-high thermal conductivity magnesium alloy, with thermal conductivity coefficient increased from 110 W/(m • K) to 140 W/(m • K) according to third-party testing data[35] - The company is actively seeking opportunities in Southeast Asia and the Middle East, aligning with regional initiatives such as the Belt and Road[37] - The company has implemented a dual production strategy in China and Mexico, enhancing its market share and reducing geopolitical risks and logistics costs[36] - The company plans to develop a series of special materials for semi-solid equipment forming to increase its market share in various casting industries[35] Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024[55] - The risk management committee was established in October 2020 to oversee and review the risk management and internal control processes[53] - The company has complied with all provisions of the Corporate Governance Code during the reporting period[49] - The remuneration committee is responsible for reviewing and determining the remuneration of individual directors and senior management[52] - The nomination committee evaluates the independence of independent non-executive directors and provides recommendations for board changes[51] - The board consists of four executive directors and four independent non-executive directors as of August 26, 2024[57] - The risk management committee includes the CEO and other executive directors, ensuring effective oversight of risk management practices[53] Employee and Operational Metrics - The company employs approximately 4,430 full-time employees as of June 30, 2024, down from 4,762 as of December 31, 2023[45] - The company has not made any significant investments, acquisitions, or disposals as of June 30, 2024[44] - The company has not established any financial instruments for hedging foreign exchange risks but is monitoring its overall foreign exchange risk exposure[41] - The company or any of its subsidiaries did not purchase, sell, or redeem any of its listed securities during the six months ending June 30, 2024[48] - The company expresses gratitude to customers, suppliers, and shareholders for their continued support during the reporting period[56]

Financial Performance - Revenue for 2023 decreased to HK$1,282,495,000 from HK$1,504,439,000 in 2022, representing a decline of approximately 14.7%[10] - The company reported a loss attributable to owners of the Company of HK$28,435,000 in 2023, compared to a profit of HK$74,844,000 in 2022[10] - EBITDA for 2023 was HK$66,250,000, down from HK$183,767,000 in 2022, indicating a decrease of about 64.0%[10] - Basic loss per share for 2023 was HK(3.18) cents, compared to earnings of HK8.37 cents per share in 2022[10] - No dividends were declared for 2023, while total dividends per share in 2022 were HK2.3 cents[10] - The Group's gross profit for the year reduced by approximately 28.9% to HK$238,395,000, with a gross profit margin of approximately 18.6% compared to 22.3% in 2022[44] - The Group's overall revenue for the year ended December 31, 2023, decreased by approximately 14.8% to HK$1,282,495,000 compared to HK$1,504,439,000 in 2022[44] - The consolidated net loss attributable to owners of the Company amounted to approximately HK$28,435,000, a significant decline from a net profit of HK$74,844,000 in 2022[44] Business Segments - The revenue breakdown by business segments showed magnesium alloy at 26.9%, aluminum alloy at 45.2%, and plastic at 6.1% for 2023[19] - Revenue from the plastic business segment declined by approximately 18.0% to HK$579,277,000, accounting for approximately 45.2% of the Group's overall revenue[46] - The magnesium alloy business revenue decreased by approximately 23.5% to HK$345,052,000, representing approximately 26.9% of the Group's overall revenue[51] - The aluminium alloy business revenue increased by approximately 20.0% to HK$228,366,000, growing its contribution to the Group's overall revenue from approximately 12.7% in 2022 to approximately 17.8% in 2023[52] - The zinc alloy business revenue was approximately HK$78,355,000, a decrease of approximately 21.1% compared to HK$99,327,000 in 2022, accounting for approximately 6.1% of the Group's overall revenue[53] - Revenue from other businesses dropped by approximately 9.8% to HK$51,445,000 compared to HK$57,061,000 in 2022[58] Strategic Initiatives - The Group invested in establishing an upstream magnesium processing project in Shaanxi Province, China, driven by projected substantial increases in global demand for raw magnesium[36] - The acquisition of Global Plastic Solutions Group in July 2023 enhanced the Group's production capabilities and strengthened its presence in North America, with a facility over 90,000 square feet[36] - The Group aims to diversify its market presence by pursuing opportunities in Southeast Asia and the Middle East, aligning with regional initiatives like the Belt and Road Initiative[37] - The Group is actively pursuing opportunities in Southeast Asia and the Middle East, including potential partnerships in the Indonesian electric commercial vehicle market[83] - The Group is investigating its role in the hydrogen economy, aiming to foster global cooperation to create value for stakeholders[84] Innovation and Development - The Group's R&D projects received gold medals at the "2023 Asia International Innovative Invention Award" for technologies including a patented Multiple Power Ports System for electric vehicles[29] - The Group's advancements in single-piece casting of magnesium and aluminum alloy auto parts have positioned it prominently in the new energy vehicle sector[29] - The Group's new energy vehicle component manufacturing saw significant growth in 2023, benefiting from the expanding new energy vehicle industry[75][79] - A pilot production facility for germ-repelling plastic has been established with an annual capacity of 250 tons, aiming to meet client demands for sizable samples and explore various applications[67][71] Management and Governance - The company appointed a new Chief Financial Officer, Mr. Yu Wai Chun, effective January 3, 2024, following the resignation of Mr. Seto Sai Cheong Paul[3] - The Group's remuneration policy is based on market trends, individual performance, and the financial performance of the Group, aiming to attract and retain high-caliber staff[112] - The Group's remuneration policy is competitive and regularly reviewed to align with market practices, with a share option scheme in place for qualifying staff[163] - The Group provides regular training courses and recreational activities to promote interaction among staff and establish a harmonious team spirit[110] Financial Position - As of December 31, 2023, the Group's cash and cash equivalents were approximately HK$196,319,000, down from HK$246,013,000 in 2022[96] - The Group's interest-bearing borrowings as of December 31, 2023, totaled approximately HK$64,518,000, a decrease from HK$69,806,000 in 2022[97] - The net current assets of the Group were approximately HK$438,304,000 as of December 31, 2023, compared to HK$533,429,000 in 2022, reflecting a current ratio of approximately 2.1[99] - As of December 31, 2023, the Company's reserve available for distribution amounted to approximately HK$214,357,000, an increase from HK$211,233,000 in 2022[173] Compliance and Sustainability - The Group's environmental policy includes strict compliance with applicable laws, establishment of an environmental management system, and progressive introduction of cleaner production practices[156] - The Group aims to integrate environmentally and socially responsible management practices across its operations, focusing on four key areas identified through stakeholder feedback[158] - The Group is committed to sustainable development and has implemented training and education initiatives across its supply chain[156] - There was no material non-compliance with applicable laws and regulations that significantly impacted the Group's business and operations during the year[150] Outlook - The Group maintains a cautiously optimistic outlook for 2024, anticipating potential interest rate cuts and improved consumer sentiment[59] - The Group maintains a cautiously optimistic outlook for growth in 2024, anticipating increased consumer confidence due to stable interest rates and expectations of potential rate cuts[63] Employee Information - As of December 31, 2023, the Group had approximately 4,762 full-time employees, an increase from 3,750 employees as of December 31, 2022, representing a growth of about 27%[109]

Revenue and Profit Decline - Revenue for the year ended December 31, 2023, decreased by 14.8% to HKD 1,282,495 thousand compared to HKD 1,504,439 thousand in 2022[8] - Gross profit declined by 28.9% to HKD 238,395 thousand in 2023 from HKD 335,334 thousand in 2022[8] - The company's equity holders' share of loss was HKD 28,435 thousand in 2023, a significant decrease from a profit of HKD 74,844 thousand in 2022, representing a 138.0% decline[8] - EBITDA dropped by 63.9% to HKD 66,250 thousand in 2023 from HKD 183,767 thousand in 2022[8] - Basic loss per share was HKD 3.18 cents in 2023, compared to a profit of HKD 8.37 cents in 2022, marking a 138.0% decrease[8] - Total comprehensive loss for the year was HKD 20,716 thousand in 2023, compared to a comprehensive income of HKD 24,668 thousand in 2022[1] - The company's equity holders' share of comprehensive loss was HKD 19,324 thousand in 2023, down from a comprehensive income of HKD 32,182 thousand in 2022[1] - Net loss attributable to equity holders was HKD 28,435,000 in 2023, compared to a net profit of HKD 74,844,000 in 2022[117] - Gross profit decreased by 28.9% to HKD 238,395,000 in 2023, with a gross margin of 18.6%, down from 22.3% in 2022[117] - Overall revenue decreased by 14.8% to HKD 1,282,495,000 in 2023 compared to HKD 1,504,439,000 in 2022, primarily due to weak sales in plastic, zinc, and magnesium alloy businesses[117] Segment Performance - The company's magnesium alloy business revenue decreased by 23.5% to HKD 345,052,000 in 2023, accounting for 26.9% of the group's total revenue[88] - The company's magnesium alloy business saw a significant decline in profit, with a profit of HKD 1,075,000 in 2023 compared to HKD 25,770,000 in 2022[89] - The company's plastic business reported a loss of HKD 4,789,000 in 2023, a significant drop from a profit of HKD 54,620,000 in 2022[89] - The company's automotive power systems business reported a loss of HKD 11,540,000 in 2023, compared to a loss of HKD 7,532,000 in 2022[89] - Plastic business revenue declined by 18.0% to HKD 579,277,000 in 2023, accounting for 45.2% of total revenue[118] - Zinc alloy business revenue decreased by 21.1% to HKD 78,355,000 in 2023, representing 6.1% of total revenue[120] - The aluminum alloy business revenue increased by 20.0% to HKD 228,366,000 in 2023, contributing 17.8% to the group's total revenue, up from 12.7% in 2022[106] - The company's other business segments, including lighting product trading and automotive repair services, saw a revenue decline of 9.8% to HKD 51,445,000 in 2023[112] Financial Position and Liabilities - Non-current liabilities increased to HKD 67,023 thousand in 2023 from HKD 47,642 thousand in 2022, primarily due to higher lease liabilities and deferred tax liabilities[9] - Net asset value decreased to HKD 1,254,597 thousand in 2023 from HKD 1,290,276 thousand in 2022[9] - The company's equity holders' share of equity declined to HKD 1,244,332 thousand in 2023 from HKD 1,283,467 thousand in 2022[9] - Current liabilities rose to HKD 398,871 thousand in 2023 from HKD 372,742 thousand in 2022, mainly due to an increase in trade payables (HKD 214,513 thousand in 2023 vs. HKD 184,897 thousand in 2022)[16] - Net current assets decreased to HKD 438,304 thousand in 2023 from HKD 533,429 thousand in 2022, indicating a reduction in liquidity[16] - The company's total assets minus current liabilities stood at HKD 1,321,620 thousand in 2023, slightly lower than HKD 1,337,918 thousand in 2022[16] - Total interest-bearing borrowings as of December 31, 2023, amounted to HKD 64,518,000, a decrease from HKD 69,806,000 in 2022[142] - Bank loans due within one year were HKD 63,333,000, with no loans due between the second to fifth years, and HKD 1,185,000 due in the second to fifth years excluding on-demand repayment terms[142] - Net cash position as of December 31, 2023, was HKD 131,801,000, down from HKD 176,207,000 in 2022[142] Assets and Receivables - Non-current assets increased to HKD 883,316 thousand in 2023 from HKD 804,489 thousand in 2022, driven by growth in property, plant, and equipment (HKD 505,610 thousand in 2023 vs. HKD 492,350 thousand in 2022)[16] - Current assets decreased to HKD 837,175 thousand in 2023 from HKD 906,171 thousand in 2022, primarily due to a decline in inventory (HKD 159,822 thousand in 2023 vs. HKD 192,525 thousand in 2022)[16] - Trade receivables increased to HKD 417,912 thousand in 2023 from HKD 405,432 thousand in 2022, reflecting higher sales activity[16] - Trade receivables (net of provisions) increased to HKD 408,201,000 in 2023 from HKD 398,656,000 in 2022, with a notable rise in overdue balances over 180 days[109] - Trade receivables increased to HK$408,201 thousand in 2023 from HK$398,656 thousand in 2022, and notes receivables increased to HK$9,711 thousand from HK$6,776 thousand[47] Operational and Strategic Developments - The company primarily produces and sells zinc, magnesium, aluminum alloys, plastic products, and components, targeting customers in home appliances, 3C products, automotive parts, and precision components[18] - The company has six reportable segments in 2023 (up from four in 2022), including lighting product trading and automotive power systems, which met the quantitative thresholds for reportable segments[54] - The company had 4,762 full-time employees as of December 31, 2023, compared to 3,750 employees on December 31, 2022, representing a 27% increase in workforce[57] - The company's share incentive plan expired on January 9, 2023[57] - The company did not make any significant investments, acquisitions, or disposals during the year ended December 31, 2023[56] - The company completed the acquisition of 90% of the issued share capital of Avery Plastics and GPS for approximately USD 1,973,000[79] - The company has established a trial production facility for antibacterial plastics with an annual capacity of 250 tons, aiming to attract more clients[123] - Over 100 tons of high thermal conductivity magnesium alloy have been used by downstream manufacturers and clients, with potential demand expected from the new energy vehicle sector[123] - The company acquired Global Plastic Solutions and Avery Plastics Consulting Group in Mexico to enhance supply chain resilience and expand its presence in the North American market[126] - The company's new energy vehicle parts business saw significant growth in 2023, benefiting from the expansion of the new energy vehicle industry[125] - The company is exploring opportunities in Southeast Asia and the Middle East, particularly in the electric commercial vehicle sector in Indonesia[143] - The company is engaging with potential clients in the UAE for its eco-friendly sand 3D printing business, offering personalized product manufacturing and rapid prototyping services[143] - The company is collaborating with a leading developer of AI-powered pool cleaning robots, leveraging its manufacturing expertise to enhance product quality and market competitiveness[144] - The AI-powered pool cleaning robot, with patented technology, is expected to capture a significant market share in the near future[144] Taxation and Regulatory Changes - The company operates under a two-tier profits tax system in Hong Kong, with the first HK$2 million of profits taxed at 8.25% and the excess at 16.5%, while subsidiaries in mainland China are subject to a 25% corporate income tax rate[43] - The company's three subsidiaries in China were recognized as high-tech enterprises, enjoying a preferential corporate income tax rate of 15%[95] - The company's subsidiaries in Hong Kong are affected by the abolition of the offsetting mechanism for Mandatory Provident Fund (MPF) contributions against Long Service Payment (LSP), effective from May 1, 2025, with the LSP calculation based on the salary immediately before the transition date[29] Financial Reporting and Standards - The company adopted revised Hong Kong Financial Reporting Standards, which had no significant impact on its financial position or performance[20] - The company's deferred tax assets and liabilities were adjusted under the revised Hong Kong Accounting Standard 12, with no material impact on the consolidated financial statements[22] - The company's long-service obligations were adjusted under the revised Hong Kong Accounting Standard 19, with no significant impact on its financial position or performance[23] - The company has adopted the revised Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2023, including amendments to HKAS 8, HKAS 12, and HKAS 1, with no significant impact expected on the consolidated financial statements[36][39] Dividends and Shareholder Information - The company did not recommend the payment of a final dividend for the year ended December 31, 2023, compared to a final dividend of 2.0 HK cents in 2022[85] - The board of directors decided not to recommend a final dividend for the year ended December 31, 2023, compared to 2.0 HK cents per share in 2022[99] - The company will suspend share transfer registration from May 28, 2024, to May 31, 2024, inclusive[66] - The company did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2023[71] Risk Management and Governance - The company has established a Risk Management Committee, chaired by Executive Director Chu Wai Man, to oversee risk management and internal control processes[76] - The company's Audit Committee reviewed the audited consolidated financial statements for the year ended December 31, 2023[64] - The company's Remuneration Committee, chaired by Independent Non-Executive Director Professor Sun Kai-lit, is responsible for reviewing and determining the remuneration of directors and senior management[75] - The company expressed gratitude to customers, suppliers, shareholders, management, and employees for their support and contributions during the year[78] Other Financial Metrics - Total depreciation and amortization expenses decreased to HKD 93,327,000 in 2023 from HKD 105,649,000 in 2022[91] - Revenue in the United States decreased to HKD 458,985,000 in 2023 from HKD 556,930,000 in 2022[91] - Revenue in China (excluding Hong Kong) decreased to HKD 654,566,000 in 2023 from HKD 734,190,000 in 2022[91] - Other income decreased to HKD 21,129,000 in 2023 from HKD 31,220,000 in 2022, with a significant drop in government grants from HKD 14,775,000 to HKD 5,351,000[93] - Financing costs increased to HKD 5,332,000 in 2023 from HKD 4,165,000 in 2022, driven by higher interest expenses on lease liabilities and bank borrowings[93] Market and Industry Outlook - The company plans to enhance market penetration in 3C, automotive, and healthcare industries through targeted marketing and promotion[113] - The company expanded its magnesium business, offering comprehensive metal solutions and starting shipments to the European market in early 2023[115] - The company maintains a cautious but optimistic outlook for 2024, with expectations of improved consumer confidence due to potential interest rate cuts and slowing inflation[138]

Financial Performance - For the six months ended June 30, 2023, revenue decreased to HK$531,611,000, down 23.4% from HK$693,717,000 in the same period of 2022[15] - Gross profit for the same period was HK$103,136,000, representing a decline of 33.7% compared to HK$155,428,000 in 2022[15] - The company reported a loss from operations of HK$21,346,000, contrasting with a profit of HK$20,837,000 in the prior year[15] - Loss before tax was HK$24,255,000, compared to a profit of HK$18,598,000 in the previous year[15] - The net loss for the period attributable to owners of the company was HK$21,703,000, compared to a profit of HK$18,502,000 in 2022[15] - Basic loss per share was HK$2.43, compared to earnings of HK$2.07 per share in the same period last year[15] - The company reported a decrease in inventories from HK$192,525,000 to HK$166,059,000, a decline of about 13.8%[21] - Total comprehensive income for the six months ended June 30, 2023, was a loss of HK$33,166,000, compared to a loss of HK$7,004,000 for the same period in 2022, reflecting a significant decline[25] - The Group reported a consolidated loss for the period of HK$22,762,000 for the six months ended June 30, 2023, compared to a profit of HK$14,762,000 in the same period of 2022[120] Expenses and Costs - Selling and distribution expenses decreased to HK$16,544,000, down 7.1% from HK$17,798,000 in 2022[15] - General and administrative expenses reduced to HK$114,592,000, a decrease of 7.4% from HK$123,804,000 in the previous year[15] - For the six months ended June 30, 2023, the cost of inventories sold decreased to HK$382,974,000 from HK$503,500,000 in 2022, representing a reduction of approximately 24%[141] - Depreciation and amortization expenses for the six months ended June 30, 2023, totaled HK$41,685,000, down from HK$48,122,000 in the same period of 2022[118] - Employee benefits expense, including salaries, bonuses, and allowances, decreased to HK$149,504,000 from HK$186,275,000, reflecting a decline of approximately 19.7%[144] Assets and Liabilities - The company's non-current assets decreased from HK$804,489,000 as of December 31, 2022, to HK$799,072,000 as of June 30, 2023, reflecting a reduction of approximately 0.6%[21] - Current assets also declined from HK$906,171,000 at the end of 2022 to HK$819,624,000, a decrease of about 9.5%[21] - The company's net current assets decreased from HK$533,429,000 to HK$481,032,000, a decline of about 9.8%[22] - Total equity attributable to owners of the company decreased from HK$1,283,467,000 to HK$1,228,576,000, a reduction of approximately 4.3%[22] - Non-current liabilities decreased from HK$47,642,000 to HK$42,268,000, a reduction of approximately 11.5%[22] Cash Flow and Financing - Net cash generated from operating activities for the six months ended June 30, 2023, was HK$106,258,000, slightly down from HK$107,903,000 in 2022[27] - Cash and cash equivalents at the end of the period increased to HK$259,694,000 from HK$241,467,000 at the end of June 2022, marking a year-on-year increase of 7.5%[27] - The company incurred payments for the purchase of property, plant, and equipment amounting to HK$25,445,000, a decrease of 52.5% compared to HK$53,517,000 in the previous year[27] - The company’s bank loans raised during the period amounted to HK$20,000,000, while bank loans repaid totaled HK$32,709,000[27] Market and Operational Focus - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[15] - The Group's overall performance indicates a need for strategic adjustments in product offerings and market focus to address declining revenues and increasing liabilities[125] Segment Performance - Revenue from the zinc alloy segment was HK$36,007,000, magnesium alloy segment was HK$159,106,000, and aluminium alloy segment was HK$117,548,000 for the first half of 2023[118] - The segment loss for the Group for the six months ended June 30, 2023, was HK$17,156,000, compared to a profit of HK$27,248,000 in the same period of 2022, indicating a significant downturn in performance[120] Shareholder Information - The Board resolved not to declare an interim dividend for the six months ended June 30, 2023, compared to HK$0.3 cents per share in 2022[145] - The total issued and fully paid ordinary shares remained at 893,761,400 as of June 30, 2023, unchanged from previous periods[177] Fair Value Measurements - The Group's financial assets and liabilities' carrying amounts approximate their respective fair values, indicating stable financial health[51] - The fair value hierarchy categorizes inputs into three levels, with Level 1 being quoted prices in active markets for identical assets or liabilities[55] - The Group's valuation techniques and inputs for fair value measurements are reviewed and discussed with the Board to ensure accuracy and compliance[72]