Financial Performance - Revenue for 2020 was HK$1,469,237, a decrease of 5.5% from HK$1,554,364 in 2019[9] - Profit attributable to owners of the Company increased to HK$123,991, up 40% from HK$88,705 in 2019[9] - EBITDA for 2020 was HK$252,302, representing a 25% increase from HK$201,650 in 2019[9] - Basic earnings per share rose to 13.87 HK cents, compared to 9.92 HK cents in 2019, marking a 39.5% increase[9] - Total dividends per share increased to 4.0 HK cents, up from 2.0 HK cents in 2019, reflecting a dividend payout ratio of 28.8%[9] - The Group's gross profit increased by approximately 4.8% to HK$447,303,000, with a gross profit margin of approximately 30.4% compared to 27.4% in 2019[53] - The Group's overall revenue for the year ended December 31, 2020, decreased by approximately 5.5% to HK$1,469,237,000 compared to HK$1,554,364,000 in 2019[53] - The consolidated profit attributable to owners of the Company increased by 39.8% year-on-year to HK$123,991,000 from HK$88,705,000 in 2019[53] Business Segments - Revenue by business segments showed that magnesium alloy die casting accounted for 28.4% of total revenue in 2020, down from 31.9% in 2019[17] - Aluminium alloy die casting represented 53.3% of total revenue in 2020, compared to 46.0% in 2019, indicating a growth in this segment[17] - Revenue from the plastic injection moulding business segment increased by approximately 9.6% to HK$783,500,000, accounting for approximately 53.3% of the Group's overall revenue[58] - Revenue from the magnesium alloy die casting business dropped by approximately 15.9% to HK$417,495,000, accounting for approximately 28.4% of the Group's overall revenue[59] - The revenue of the aluminium alloy die casting business decreased by approximately 19.8% to HK$112,859,000 compared to HK$140,665,000 in 2019, accounting for about 7.7% of the Group's overall revenue[60][63] - The zinc alloy die casting business revenue decreased by approximately 29.8% to HK$111,498,000, representing 7.6% of the Group's overall revenue, down from 10.2% in 2019[65][68] - Revenue from other businesses dropped by approximately 0.2% to HK$43,885,000, accounting for about 3.0% of the Group's overall revenue, slightly up from 2.8% in 2019[66][69] Operational Efficiency and Innovations - The Group's operational efficiency and gross profit margin improved due to resource integration and optimization of information systems, leading to reduced manufacturing overhead[29] - The Group has developed new materials with high efficiency on heat dissipation, successfully applied to notebook bottom casings, enhancing product service life and stability[36] - The Group's patented Micro-arc Composite Ceramic Technology significantly enhanced corrosion resistance in road wheel production, surpassing aluminum wheels[40] - The "Metal Liquid Die Casting Cum Forging Dual Forming Method" won the "Asia International Innovative Invention Award" in November 2020, recognizing the Group's innovative technology efforts[40] - The Group aims to expedite the implementation of "Industry 4.0" in its production bases to improve production efficiency through the Industrial Internet of Things (IIoT)[47] Market Strategy and Growth - The Group plans to capture potential growth in the Chinese market, focusing on domestic consumption and innovation as part of China's "Dual Circulation Strategy"[35] - The Group anticipates a recovery trend across different industries in 2021 as vaccination programs are implemented and the market adapts to new norms[67][70] - The Group seeks investment and development opportunities to expand its existing business portfolio and revenue sources[81] Human Resources and Management - The Group employed approximately 4,400 full-time employees as of December 31, 2020, an increase from 3,500 in 2019[88] - The Group recognizes employees as invaluable assets and provides competitive remuneration packages to attract and retain talent[136] - The Group's emolument policy aligns with local practices, including a share option scheme and share award scheme for qualifying staff[144] - The Group has joined a mandatory provident fund scheme for all employees in Hong Kong, with contributions required from both employer and employees[145] Governance and Compliance - The Board reported no material non-compliance with applicable laws and regulations that significantly impacted the Group's business and operations during the year[135] - The Group's business operations complied with relevant laws and regulations that significantly impact the Group as a whole during the year[138] - The Company has maintained directors' liability insurance throughout the year to provide appropriate cover for its directors[179] Financial Position and Liquidity - As of December 31, 2020, the Group had bank and cash balances of approximately HK$258,661,000, a decrease from HK$264,087,000 in 2019[80] - The Group's interest-bearing borrowings totaled approximately HK$153,458,000 as of December 31, 2020, down from HK$259,046,000 in 2019, with all borrowings denominated in Hong Kong dollars and Euros[84] - The net current assets of the Group were approximately HK$467,632,000 as of December 31, 2020, compared to HK$351,936,000 in 2019, resulting in a current ratio of approximately 2.1[84] - The total amount of trade-related financing and revolving loan financing reached HK$80 million, with specific limits including HK$20 million for revolving loans and HK$40 million for financing against unpaid VAT invoices[192] Leadership and Experience - Mr. Lee Yuen Fat, the Chairman, has over 40 years of experience in the die casting industry and holds a master's degree in materials engineering from Yanshan University, China[95] - Mr. Wong Wing Chuen, the Vice Chairman, has over 35 years of experience in die design and manufacturing, overseeing the Group's manufacturing activities[100] - Ms. Chan So Wah, the Director of Operations, has over 35 years of experience in sales, marketing, and management, and was awarded the Asian Outstanding Leadership Award for Women in September 2019[101] - The Group's strategic direction is guided by its experienced board members, ensuring alignment with industry trends and market demands[97] Corporate Social Responsibility - The Group made charitable donations amounting to approximately HK$49,000 during the year, compared to HK$55,000 in 2019[160] - The management is committed to enhancing environmental protection and sustainability through regular reviews of environmental practices and implementing eco-friendly measures[131] - The Group's environmental policy includes strict compliance with laws, establishing an environmental management system, and promoting sustainable development across the supply chain[137]

Financial Performance - Revenue for the six months ended June 30, 2020, was HK$616,265,000, a decrease of 13.5% compared to HK$712,507,000 in the same period of 2019[13]. - Gross profit for the period was HK$170,489,000, representing a gross margin of approximately 27.6%[13]. - Profit for the period increased significantly to HK$50,818,000, compared to HK$14,257,000 in the prior year, marking a growth of 257.5%[13]. - Earnings per share (basic) rose to 5.71 HK cents, up from 1.62 HK cents in the previous year[13]. - Profit from operations was HK$69,605,000, a substantial increase from HK$29,110,000 in the same period of 2019[13]. - Total comprehensive income for the period was HK$36,704,000, compared to HK$19,231,000 in the previous year, representing an increase of 91%[15]. - For the six months ended June 30, 2020, the consolidated profit was HK$50,818,000, a significant increase from HK$14,257,000 in the same period of 2019, representing a growth of 257%[46]. - The consolidated profit attributable to owners of the Company increased by approximately 252.4% to HK$51,026,000 from HK$14,480,000 in the previous year[119]. - The Group's gross profit for the Period grew by 21.0% to HK$170,489,000 compared to HK$140,890,000 in the first half of 2019[119]. - The EBITDA for the Group amounted to HK$111,493,000, an increase from HK$75,209,000 in the same period last year[119]. Cash Flow and Assets - Net cash generated from operating activities for the six months ended June 30, 2020, was HK$119,264,000, an increase of 63.2% compared to HK$73,138,000 in 2019[26]. - Cash and cash equivalents at the end of the period increased to HK$293,583,000 from HK$203,777,000 in 2019, representing a growth of 44.1%[26]. - The Group's cash and cash equivalents at the beginning of the period were HK$262,252,000, showing a solid liquidity position[26]. - The net cash used in investing activities was HK$28,290,000, compared to HK$13,170,000 in the previous year, indicating an increase in investment outflows[26]. - The net cash used in financing activities decreased to HK$57,567,000 from HK$106,713,000 in 2019, reflecting improved cash management[26]. - Non-current assets decreased to HK$702,637,000 from HK$728,579,000 as of December 31, 2019, reflecting a decline of 3.6%[17]. - Current liabilities decreased significantly to HK$405,069,000 from HK$537,157,000, a reduction of 24.6%[19]. - Net current assets improved to HK$436,740,000, up from HK$351,936,000, indicating a growth of 24%[19]. - Bank borrowings reduced to HK$132,143,000 from HK$201,532,000, a decrease of 34.4%[19]. - Total equity increased to HK$1,026,784,000 from HK$1,007,955,000, reflecting a growth of 1.8%[19]. Revenue Breakdown - Revenue from external customers for the six months ended June 30, 2020, totaled HK$616,265,000, with segment profits of HK$72,931,000[41]. - Revenue from die casting products was HK$288,207,000, a decrease of 22.4% from HK$371,242,000 in 2019[52]. - Revenue from the plastic injection moulding business decreased by approximately 8.6% to HK$286,170,000, accounting for approximately 46.4% of the Group's overall revenue[121]. - Revenue from the magnesium alloy die casting business dropped by approximately 9.5% to HK$210,027,000, representing about 34.1% of the Group's overall revenue[122]. - Revenue from the zinc alloy die casting business decreased by approximately 32.2% to HK$47,986,000, accounting for 7.8% of the Group's overall revenue[126]. - Revenue from the aluminium alloy die casting business dropped by approximately 31.3% to HK$48,796,000, representing 7.9% of the Group's overall revenue[126]. - Revenue from other businesses, including trading of lighting products and motor vehicle repairing services, decreased by approximately 9.2% to HK$23,286,000[126]. Strategic Initiatives and Future Outlook - The company aims to enhance its market presence through strategic initiatives and potential acquisitions in the upcoming periods[11]. - The management remains optimistic about future growth prospects and is focused on innovation and technology development[11]. - The Group plans to expand its market share in plastic injection products and precision components through quality products and services[121]. - The Group aims to explore different applications of magnesium alloy, particularly in precision components, automotive, and construction industries to enhance profitability[122]. - The Group is focusing on material and technological innovation, internal optimization, and strong client relationships to enhance profitability and explore potential projects[141]. - The Group will allocate more resources to technology R&D to seize greater opportunities in the market[132]. - The impact of COVID-19 on the Group's financial position and operations remains under evaluation due to the pandemic's dynamic nature[114]. Shareholder Information and Corporate Governance - Mr. Lee Yuen Fat holds a controlling interest in the Company with 480,000,000 shares, representing 53.71% of the total interest[158]. - The Group has not made any material acquisitions or disposals of subsidiaries, associates, or joint ventures for the six months ended June 30, 2020[150]. - The Company has adopted share option and share award schemes to incentivize eligible employees for their contributions[153]. - The Group emphasizes competitive compensation packages, including pension plans and medical benefits, to attract and retain talent[153]. - The Audit Committee, established in June 2007, comprises four independent non-executive directors and is responsible for reviewing financial reports and internal controls[195]. - The Nomination Committee, also established in June 2007, assesses the independence of non-executive directors and makes recommendations for board appointments[196]. - The company has complied with all code provisions set out in the Corporate Governance Code during the review period[193].

Financial Performance - Revenue for 2019 was HK$1,554,364, a decrease of 16.1% from HK$1,852,329 in 2018[27]. - Profit attributable to owners of the Company was HK$88,705, down 21.9% from HK$113,556 in 2018[27]. - Basic earnings per share decreased to 9.92 HK cents from 12.71 HK cents in 2018, representing a decline of 21.8%[27]. - Total dividends per share were 2.0 HK cents, down from 3.5 HK cents in 2018, reflecting a dividend payout ratio of 20.2%[27]. - The Group recorded a 16.1% year-on-year decrease in revenue to HK$1,554,364,000 in 2019, down from HK$1,852,329,000 in 2018[37]. - Profit attributable to owners of the Company dropped by 21.9% year-on-year to HK$88,705,000, compared to HK$113,556,000 in 2018[37]. - The Group's EBITDA amounted to HK$201,650,000, a decrease from HK$221,115,000 in 2018[62]. - The gross profit margin improved to 25.5% in 2019 from 24.2% in 2018 due to increased operational efficiency and automation[63]. - The Group's overall revenue for the year ended December 31, 2019, dropped by approximately 16.1% to HK$1,554,364,000 compared to HK$1,852,329,000 in 2018[61]. Business Segments - Revenue percentage by business segments showed a decline in magnesium alloy die casting from 49.0% in 2018 to 46.0% in 2019[31]. - The plastic injection segment increased its revenue percentage from 8.7% in 2018 to 9.0% in 2019[31]. - The zinc alloy die casting segment's revenue percentage rose from 9.1% in 2018 to 10.2% in 2019[31]. - Revenue from the plastic injection moulding business segment decreased by approximately 21.2% to HK$714,815,000, accounting for approximately 46.0% of the Group's overall revenue[66]. - Revenue from the magnesium alloy die casting business segment dropped by approximately 11.7% to HK$496,168,000, accounting for approximately 31.9% of the Group's overall revenue[67]. - The revenue of the zinc alloy die casting business decreased by approximately 5.7% to HK$158,745,000 in 2019, accounting for about 10.2% of the Group's overall revenue[68][71]. - The aluminium alloy die casting business revenue was approximately HK$140,665,000, reflecting a decrease of about 12.8% and accounting for around 9.0% of the Group's total revenue[73][76]. - Revenue from other businesses, including trading of lighting products and home appliances, decreased by approximately 18.7% to HK$43,971,000[74][77]. Strategic Focus and Future Plans - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year[27]. - The management indicated ongoing investments in new technologies to drive future growth[27]. - The company is exploring potential mergers and acquisitions to strengthen its market position[27]. - The Group aims to expand applications of magnesium alloy in new energy vehicles to provide optimal solutions to customers[67]. - The Group plans to expedite the development of Industry 4.0 data management to enhance production efficiency and mitigate rising labor costs[56]. - The Group is focusing on self-enhancement in material application, precision mould development, technology innovation, product diversification, and internal optimization to prepare for future business opportunities[75][78]. - The Group's commitment to innovation is reflected in its focus on research and development for new business opportunities[139]. Challenges and Risks - The Group faced challenges due to the prolonged US-China trade dispute, which dampened consumer sentiment and demand for products[41]. - The Group is preparing for potential disruptions in the manufacturing supply chain due to geopolitical tensions and trade disputes, collaborating with local partners in selected ASEAN countries for production capability expansion[89]. - The Group has faced various risks and uncertainties, which are outlined in the "Principal Risks and Uncertainties" section of the report[146]. Environmental and Technological Initiatives - The rapid development of 5G technology is expected to significantly increase demand for large complex die-casted parts for communication base stations[43]. - The Group is exploring the application of biocide-free germ-repellent plastic in various fields, including medical and health care, due to the outbreak of the novel coronavirus[47]. - Advanced Out Mold Release (AOMR) technology is being pursued to reduce toxic waste and emissions, reflecting the Group's focus on technological advancements[48]. - The Group will continue to pursue technological innovation, focusing on environmentally-friendly surface finishing technology (AOMR) to reduce toxic waste and emissions[88]. - The management will review and consider implementing further eco-friendly measures to enhance environmental protection and sustainability in operations[147]. Human Resources and Corporate Governance - The Group had approximately 3,500 full-time employees as of December 31, 2019, down from 4,100 in 2018[108]. - The Group provides competitive salary packages, including retirement schemes, medical benefits, and bonuses, to attract and retain high-caliber staff[108]. - The Group has adopted a share option scheme and a share award scheme to incentivize qualifying staff[108]. - The company is focused on maintaining high standards of corporate governance and ethical business practices[125]. - The leadership team is committed to strategic planning and business development to drive future growth[123]. Financial Position and Reserves - As of December 31, 2019, the Group had restricted bank balances and cash balances of approximately HK$264,087,000, an increase from HK$256,123,000 in 2018[95]. - The Group's interest-bearing borrowings as of December 31, 2019, amounted to approximately HK$259,046,000, down from HK$324,702,000 in 2018[95]. - The net current assets of the Group were approximately HK$351,936,000 as of December 31, 2019, compared to HK$283,103,000 in 2018, resulting in a current ratio of approximately 1.7[99]. - As of December 31, 2019, the Company's reserve available for distribution amounted to approximately HK$215,977,000, down from HK$248,451,000 in 2018[172]. - The Group's current assets amounted to approximately HKD 889,093,000, while current liabilities were about HKD 537,157,000, resulting in a current ratio of 1.7[103]. Customer and Supplier Relationships - The largest customer accounted for 36.1% of total sales, while the five largest customers combined represented 76.8%[169]. - The largest supplier contributed 10.2% of total purchases, and the five largest suppliers together accounted for 33.4%[170].

Revenue and Profit Performance - Revenue for the six months ended June 30, 2019, was HK$712,507,000, a decrease of 17.6% compared to HK$864,234,000 in the same period of 2018[12]. - Gross profit for the period was HK$140,890,000, down from HK$174,389,000, reflecting a gross margin decline[12]. - Profit for the period was HK$14,257,000, a decrease of 30.6% from HK$20,584,000 in the prior year[12]. - Basic earnings per share for the period were 1.62 HK cents, down from 2.22 HK cents in 2018[12]. - Segment profit for the reportable segments totaled HK$33,675,000 for the six months ended June 30, 2019, down 30.8% from HK$48,605,000 in the prior year[98]. - The Group's consolidated profit for the period was HK$14,257,000, a decrease of 30.6% from HK$20,584,000 in the same period of 2018[98]. - Profit attributable to owners of the Company for the six months ended June 30, 2019 was HK$14,480,000, down from HK$19,862,000 in 2018, a decrease of 27.3%[128]. Cost Management and Expenses - The company reported finance costs of HK$6,280,000, an increase from HK$5,758,000 in the previous year[12]. - The cost of sales was HK$571,617,000, a reduction from HK$689,845,000, indicating improved cost management[12]. - Interest expenses on bank borrowings rose to HK$6,065,000 for the six months ended June 30, 2019, compared to HK$5,758,000 in 2018, marking an increase of 5.3%[115]. - The Group's total income tax expense for the six months ended June 30, 2019, was HK$8,138,000, slightly down from HK$8,873,000 in 2018, a decrease of 8.3%[118]. Asset and Liability Management - Non-current assets decreased to HK$765,546,000 from HK$785,306,000, a decline of 2.5%[16]. - Current assets decreased to HK$767,810,000 from HK$934,389,000, a decline of 17.8%[16]. - Trade receivables decreased to HK$302,699,000, down 19.6% from HK$376,785,000[16]. - Trade payables decreased to HK$184,941,000, down 30.0% from HK$264,032,000[18]. - Current liabilities decreased to HK$503,528,000 from HK$651,286,000, a decline of 22.7%[18]. - Net assets decreased to HK$945,809,000 from HK$957,860,000, a decline of 1.3%[18]. - The Group's equity attributable to owners decreased to HK$928,321,000 from HK$940,257,000, a decline of 1.3%[18]. Cash Flow and Financing Activities - Net cash generated from operating activities for the six months ended June 30, 2019, was HK$71,091,000, compared to a net cash used of HK$60,761,000 in the same period of 2018[27]. - Net cash used in investing activities was HK$13,170,000 for the six months ended June 30, 2019, a decrease from HK$35,209,000 in 2018[27]. - Net cash used in financing activities amounted to HK$104,666,000 for the six months ended June 30, 2019, compared to net cash generated of HK$19,787,000 in 2018[27]. - Cash and cash equivalents at the end of the period were HK$203,777,000, an increase from HK$172,178,000 at the end of June 30, 2018[27]. Business Operations and Market Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the interim report[10]. - Management indicated a focus on improving operational efficiency and cost control strategies moving forward[10]. - The Group plans to strengthen its research and development capabilities to secure more new project orders for plastic injection and precision products[170]. - The Group will continue to implement stringent cost control measures and increase automation in production to enhance operational efficiency[161]. - The Group aims to explore additional applications of magnesium alloy in the automotive and precision component industry to enlarge its market share[171]. - The Group remains confident in its strategies to explore new business opportunities and provide value-added products and services for customers[162]. Financial Reporting Standards and Compliance - The application of HKFRS 15 had no material impact on the Group's opening retained earnings and financial position as of January 1, 2018[37]. - The Group adopted all new and revised Hong Kong Financial Reporting Standards (HKFRSs) effective from January 1, 2019, including HKFRS 16 Leases[43]. - The Group applied HKFRS 16 using the modified retrospective approach, with no restatement of comparative information for 2018[46]. - The Group recognized approximately HK$10,030,000 of right-of-use assets and approximately HK$10,145,000 of lease liabilities as of June 30, 2019, due to the initial application of HKFRS 16[84]. Market Conditions and Future Outlook - The Group expects the global business environment to remain uncertain due to trade tensions and political unease, and will leverage its expertise to mitigate unfavorable market conditions[184]. - The Group is exploring new business opportunities in emerging segments, particularly in lightweight solutions for new energy vehicles[188]. - The Intelligent Foundry Industry Light Alloy Innovation Center commenced operations in January 2018, enhancing the integration of smart technology and industry development[189].

Financial Performance - Revenue for 2018 reached HK$1,852,329,000, an increase of 6.5% from HK$1,738,738,000 in 2017[11] - Profit attributable to owners of the Company rose significantly to HK$113,556,000, compared to HK$33,998,000 in the previous year, marking a growth of 233%[11] - EBITDA increased to HK$221,115,000, up from HK$185,282,000, reflecting a growth of 19.3%[11] - Basic earnings per share improved to 12.71 HK cents, a substantial increase from 3.80 HK cents in 2017[11] - Total dividends per share were proposed at 3.5 HK cents, up from 1.0 HK cent in the previous year, indicating a strong return to shareholders[11] - The dividend payout ratio for 2018 was 27.5%, slightly higher than 26.3% in 2017[11] - Gross profit rose to HK$447,799,000, compared to HK$309,769,000 in 2017, with a gross profit margin improvement of 6.4 percentage points to 24.2%[20] - The overall gross profit margin improved from 17.8% in 2017 to 24.2% in 2018, contributing to a 234.0% increase in profit attributable to owners of the Company, reaching HK$113,556,000[40] Revenue Breakdown - Revenue from magnesium alloy die casting accounted for 49.0% of total revenue, up from 41.0% in 2017[15] - Revenue from aluminium alloy die casting increased to 30.3%, compared to 33.9% in the previous year[15] - The plastic injection moulding business segment recorded a significant revenue increase of approximately 27.3% to HK$906,869,000, accounting for about 49.0% of the Group's overall revenue[41] - Revenue from the magnesium alloy die casting business decreased by approximately 4.6% to HK$561,695,000, accounting for about 30.3% of the Group's overall revenue[45] - The zinc alloy die casting business revenue was HK$168,382,000, representing a decrease of approximately 17.3% and accounting for about 9.1% of the Group's overall revenue[45] - Revenue from the aluminium alloy die casting business decreased by approximately 20.1% to HK$161,303,000, contributing about 8.7% to the Group's overall revenue[45] - Other businesses saw a revenue increase of approximately 68.6% to HK$54,080,000, primarily driven by increased sales of LED lighting products[45] Strategic Focus and Innovation - The company is focusing on expanding its market presence and enhancing product offerings through technological innovation[11] - Future outlook includes continued investment in new product development and potential market expansion strategies[11] - The Group's consistent strategies in product solutions and R&D efforts in material and technology innovation contributed to maintaining revenue growth despite global economic challenges[22] - The Group's focus on R&D in materials and production technology is essential for maintaining long-term customer relationships and product extension[27] - The Group aims to strengthen its capabilities in material application, technology innovation, product diversification, and client base expansion to remain competitive amid ongoing political and economic uncertainties[47] - The Group continues to focus on research and development in materials and production applications to align with market trends[54] - The management team emphasizes the importance of innovation and technology in maintaining competitive advantage in the die casting market[75] Corporate Governance and Management - The Group is focused on maximizing shareholder value by seeking investment opportunities to broaden its business portfolio[57] - The company has a strong board of directors with members holding significant experience in finance and investment, enhancing corporate governance and strategic direction[88] - The Group is focused on mergers and acquisitions, equity, and project investments, indicating a proactive approach to growth and market expansion[93] - The independent non-executive directors bring diverse expertise from various sectors, contributing to informed decision-making and strategic oversight[92] - The company is committed to maintaining high standards of corporate governance through its audit committee chaired by Mr. Kong Kai Chuen[90] - The management team has a robust background in financial advisory services, which supports the company's strategic initiatives and investment decisions[91] Environmental and Social Responsibility - The management emphasizes the importance of environmental sustainability and is committed to implementing eco-friendly practices in operations[102] - The Group will continue to review environmental practices and consider further measures to enhance sustainability[102] - The Group's emolument policy aligns with local practices, providing competitive remuneration packages to attract and retain employees[109] - During the year, the Group made charitable and other donations totaling approximately HK$185,000, a decrease from HK$927,000 in 2017[129] Market Position and Customer Relations - Ka Shui has established strong relationships with global clients in fast-growing industries, including 3C electronics, personal care, medical, and automotive components[23] - The Board recognizes the value of maintaining good relationships with customers and suppliers as vital for achieving long-term goals[107] - The largest customer accounted for 37.8% of total sales, while the five largest customers combined represented 74.1%[117] - The largest supplier contributed 11.3% of total purchases, and the five largest suppliers together accounted for 37.5%[118] Financial Position and Liabilities - As of December 31, 2018, the Group's net current assets were approximately HK$283,103,000, an increase from HK$158,547,000 in 2017, with a current ratio of approximately 1.4 compared to 1.2 in 2017[59] - The Group's total bank borrowings as of December 31, 2018, amounted to approximately HK$324,702,000, down from HK$368,278,000 in 2017[58] - The net gearing ratio as of December 31, 2018, was approximately 7.2%, a decrease from 14.0% in 2017[58] - The Group's current liabilities were approximately HK$651,286,000 as of December 31, 2018, down from HK$826,024,000 in 2017[59] - As of December 31, 2018, the Company's reserves available for distribution amounted to approximately HK$248,451,000, compared to HK$245,739,000 in 2017[120] Shareholder Information - As of December 31, 2018, Mr. Lee holds a controlling interest of 480,000,000 shares, representing approximately 53.71% of the Company[178] - Mr. Lee also has a beneficial interest in 127,980,000 shares held by family trusts, accounting for approximately 14.32% of the Company[178] - The Company has specific performance obligations in its financing agreements, requiring Mr. Lee to maintain at least a 50% shareholding[170] - The New Share Option Scheme allows for the issuance of up to 89,376,140 shares, which is approximately 10.0% of the issued share capital as of the report date[198] - The maximum number of shares that can be issued under the New Share Option Scheme and any other schemes must not exceed 10% of the shares in issue at the date of approval[192]