Financial Performance - The total sales revenue for the fiscal year was HKD 1,067,000,000, a decrease of 20.8% compared to HKD 1,347,000,000 in the previous year[7]. - Sales revenue from sprinkler controllers to a major US customer was HKD 456,000,000, down approximately 34% from the previous year[7]. - The overall gross profit margin slightly decreased by about 1.1%, from 20.9% in the previous year to 19.8%[17]. - Net profit attributable to the company's owners decreased by 42% to HKD 63,000,000, compared to HKD 108,000,000 in the previous year[7]. - The sales of electronic components increased from approximately HKD 166,800,000 in the previous year to about HKD 237,000,000 this year, a growth of 42.1%[15]. Dividend and Financial Position - The company proposed a final dividend of HKD 0.03 per share, bringing the total annual dividend to HKD 0.06 per share[9]. - The company maintained a strong financial position with sufficient funds for operations and future development after the proposed dividend distribution[9]. - As of December 31, 2024, the total cash and cash equivalents amount to HKD 450,000,000, an increase of HKD 19,100,000 compared to December 31, 2023[26]. - The total current assets as of December 31, 2024, are HKD 928,800,000, up from HKD 899,300,000 on December 31, 2023, while total current liabilities decreased to HKD 437,200,000 from HKD 472,600,000[24]. - The current ratio improved to 2.1 times as of December 31, 2024, compared to 1.9 times a year earlier[24]. Capital Expenditure and Investments - The total expenditure for acquiring properties, plants, and equipment was approximately HKD 6,000,000 to expand production capacity[22]. - The company made capital expenditures totaling HKD 6,000,000 for the purchase of properties, plants, and equipment[27]. - There were no significant investments, acquisitions, or disposals of subsidiaries during the year[28]. Legal Matters - The company is monitoring a potential lawsuit related to a fire incident involving its product, with no current liabilities recognized[31]. - The company is seeking immediate payment of approximately RMB 212,000,000 from the borrower and guarantor as per the civil lawsuit filed in January 2020[35]. - A mediation agreement was signed on April 28, 2021, with a payment schedule requiring RMB 20,000,000 by May 31, 2021, RMB 80,000,000 by June 30, 2021, and the remaining balance by December 31, 2021[37]. - As of the report date, the company has not received overdue payments from the guarantor and borrower, leading to a full impairment loss recorded in the audited consolidated financial statements for the year ended December 31, 2019[36]. Workforce and Employment - The company employs 2,149 staff as of December 31, 2024, with competitive salary levels and no significant labor disputes reported[38]. - The company has a total of 1,573 employees in China and 4 in Hong Kong, with no part-time or contract workers reported[118]. - The employee turnover rate for males is 5.17% and for females is 3.13% on average per month in 2024[118]. - The average percentage of trained employees in the Shenzhen and Yichun factories was 39.38% for males and 60.62% for females[123]. Corporate Governance - The board of directors consists of five executive directors and four independent non-executive directors, ensuring a diverse governance structure[153]. - The company has adhered to the corporate governance code throughout the reporting period, emphasizing the importance of good governance for sustainable development[150]. - Independent non-executive directors have confirmed their independence and compliance with the relevant guidelines[156]. - The board meets at least quarterly, with a minimum of 14 days' notice provided for regular meetings[162]. Environmental, Social, and Governance (ESG) Initiatives - The report covers the environmental, social, and governance (ESG) performance for the period from January 1, 2024, to December 31, 2024[57]. - The company emphasizes the importance of ESG management for sustainable development and enhancing brand image, which can lead to increased revenue and reduced risks[60]. - The company is committed to continuous improvement in its ESG performance, ensuring transparency and accuracy in reporting[59]. - The company aims to reduce carbon emissions intensity by 50% by 2025 compared to 2018 levels[94]. - The company has implemented various sustainable measures, including the use of photovoltaic solar energy and energy-efficient equipment[94]. Risk Management - The company has implemented a risk management policy to identify, assess, and manage significant risks, with senior management prioritizing identified risks annually[190]. - The board acknowledges its responsibility for the internal control and risk management systems, which are deemed effective and adequate[189]. - The audit committee ensures that the financial reporting system, risk management, and internal control procedures are properly monitored[181]. Community Engagement - The group actively engages with community organizations to understand local needs and supports community projects when feasible[142]. - The group encourages employee participation in community service and fundraising activities, enhancing social responsibility among staff[142]. - The company is committed to community investment, focusing on areas such as education, health, and culture[150].

天眼查App显示，近日，江西华讯方舟数字科技有限公司成立，法定代表人为秦星，注册资本1000万人 民币，由江西华讯方舟电子信息产业发展有限公司全资持股。 来源：金融界 序号股东名称持股比例1江西华讯方舟电子信息产业发展有限公司100% 经营范围含许可项目：广播电视传输设备制造，民用航空器零部件设计和生产（依法须经批准的项目， 经相关部门批准后在许可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或 许可证件为准）人工智能应用软件开发，软件开发，电子专用材料研发，新材料技术研发，物联网技术 研发，移动通信设备制造，网络设备制造，光通信设备制造，安防设备制造，互联网设备制造，广播电 视设备制造（不含广播电视传输设备），终端测试设备制造，电子元器件与机电组件设备制造，集成电 路制造，雷达及配套设备制造，电力电子元器件制造，电子（气）物理设备及其他电子设备制造，智能 无人飞行器制造，计算机软硬件及外围设备制造，半导体器件专用设备制造，信息系统集成服务，供应 链管理服务，数据处理服务，物联网技术服务，卫星通信服务，通讯设备销售，广播电视传输设备销 售，互联网设备销售，电子元器件批发，计算机软硬件及辅助 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 1,066,945,000, a decrease of 20.8% from HKD 1,347,416,000 in 2023[3] - Gross profit for the same period was HKD 211,167,000, down 25.1% from HKD 282,141,000 in the previous year[3] - The company's net profit for the year was HKD 71,702,000, representing a decline of 37.1% compared to HKD 114,127,000 in 2023[3] - Basic and diluted earnings per share decreased to HKD 13.34 from HKD 22.92, a drop of 41.6%[3] - Total comprehensive income for the year was HKD 64,849,000, down 34.3% from HKD 98,632,000 in 2023[4] - The company's profit attributable to ordinary equity holders for 2024 was HKD 63,085,000, a decrease of 41.9% from HKD 108,423,000 in 2023[31] - The company reported a profit attributable to owners of HKD 63,100,000 for the year, down from HKD 108,400,000 in 2023, mainly due to the overall revenue decline[49] Assets and Liabilities - The company’s total assets as of December 31, 2024, were HKD 1,662,216,000, compared to HKD 1,579,922,000 in 2023, reflecting an increase of 5.2%[5] - Current assets increased to HKD 928,843,000 from HKD 899,296,000, a rise of 3.3%[5] - The company’s total liabilities decreased to HKD 932,279,000 from HKD 891,181,000, a reduction of 4.6%[6] - Total assets as of December 31, 2024, were HKD 1,179,577,000, with segment assets for electronic products at HKD 1,108,976,000[17] - The company reported a total liability of HKD 449,640,000, with segment liabilities for electronic products at HKD 440,473,000[17] - As of December 31, 2024, total bank borrowings amounted to HKD 191,400,000, with HKD 56,100,000 secured against properties valued at HKD 141,800,000[57] Revenue Sources - The company continues to focus on manufacturing and trading electronic products, with plans for market expansion and new product development[7] - For the fiscal year ending December 31, 2024, total revenue reached HKD 1,066,945,000, with external customer sales from the electronic products segment accounting for HKD 1,066,911,000[17] - The company's main revenue source remains from the sale of electronic products, with additional income from energy-saving business solutions[41] - Revenue from external customers in the US decreased to HKD 776,437,000 in 2024 from HKD 978,361,000 in 2023, representing a decline of approximately 20.6%[19] - Customer A contributed HKD 455,789,000 to revenue in 2024, down from HKD 690,501,000 in 2023, indicating a decline of approximately 34%[22] Expenses and Costs - The cost of goods sold and services provided for 2024 was HKD 600,986,000, down from HKD 789,109,000 in 2023, reflecting a decrease of about 23.9%[26] - Total financing costs decreased from HKD 22,349,000 in 2023 to HKD 14,894,000 in 2024, a reduction of approximately 33.3%[27] - The overall gross profit margin slightly decreased from 20.9% in 2023 to 19.8% in 2024, mainly due to rising unit costs of raw materials and labor costs in China[45] - Total operating expenses decreased by approximately HKD 9,800,000, primarily due to a reduction in employee costs, which fell by about HKD 17,100,000[46] Capital Expenditures and Investments - The company made capital expenditures of HKD 20,781,000 on non-current assets, which include property, plant, and equipment[17] - The company has three production facilities in China, with capital expenditures of approximately HKD 6,000,000 for property, plant, and equipment to expand production capacity[50] - The company did not engage in any significant investments, acquisitions, or disposals of subsidiaries during the year[56] Legal and Regulatory Matters - The group is involved in a potential lawsuit related to a fire incident in the U.S. involving a customer’s electrostatic disinfectant sprayer, which may be linked to a defective lithium-ion battery[59] - The group believes it bears no responsibility for the fire incident, as the battery supplier was chosen by the customer[60] - A civil lawsuit has been filed to recover approximately RMB 212,000,000 in debts from a borrower and guarantor[62] - The group has not received overdue payments from the borrower and guarantor as of the announcement date[64] Employee and Labor Relations - The group employs 2,149 employees, with 2,084 based in China and 65 in Hong Kong, maintaining competitive salary levels[66] - There have been no significant labor disputes or changes in employee numbers that could disrupt normal business operations[66] Future Outlook and Strategy - The management anticipates a challenging operating environment in 2025, influenced by ongoing trade disputes between the US and China, which may negatively impact global economic conditions[68] - The group is actively seeking opportunities to establish production facilities in Vietnam to mitigate the impact of increased tariffs imposed by the US[68] - The group plans to continue exploring new electronic product opportunities with potential customers to expand its revenue base and maintain growth momentum[69] - The group will focus on its core electronic product division while developing new products and projects in Hong Kong, China, and overseas to enhance shareholder returns[70] Financial Reporting and Compliance - The audit committee reviewed the group's financial performance for the year ending December 31, 2024, and found the financial statements to comply with applicable accounting standards[75] - The company has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact on the financial statements[11] - The company will publish its annual report for the year ending December 31, 2024, on its website and the Hong Kong Stock Exchange website at an appropriate time[80]

Alltronics Holdings Limited 華 訊 股 份 有 限 公 司 （於開曼群島註冊成立之有限公司） 股份代號：833 2024 中 期 報 告 目錄 | --- | |--------------------------| | | | | | 中期簡明綜合損益表 | | 中期簡明綜合全面收益表 | | 中期簡明綜合財務狀況表 | | 中期簡明綜合權益變動表 | | 中期簡明綜合現金流量表 | | 中期簡明綜合財務報表附註 | | 中期股息 | | 暫停辦理股份過戶登記 | | 管理層討論及分析 | | 購股權計劃 | | 董事及主要行政人員權益 | | 主要股東之權益 | | 企業管治 | | 補充資料 | | 公司資料 | 2 3 4 6 8 10 37 37 38 47 48 50 52 53 54 中期簡明綜合損益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |-----------------------------------------------------------------------|-------|---------- ...

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。 ALLTRONICS HOLDINGS LIMITED 華訊股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：833） 截至二零二四年六月三十日止六個月之 未經審核中期業績公告 華 訊 股 份 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 呈 列 本 公 司 及 其 附 屬 公 司（「本集團」）截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月（「本期間」）之 未 經 審 核 中 期簡明綜合業績，連同二零二三年同期之比較數字如下： 簡明綜合損益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |-------------------------------------------------------|---------|----------------------------------------------- ...

Alltronics Holdings Limited 華 訊 股 份 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號：833 年 報 _2023 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|---------|-------|-----------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | HIHHHHH | | REEDDEDIE | | unnum | | m m | | | | | | | | | | | | | | | | | mmm | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ...

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 1,347,416, a decrease of 22.3% compared to HKD 1,732,089 in 2022[2] - Gross profit for the year was HKD 282,141, down from HKD 328,581 in the previous year, reflecting a gross margin of approximately 20.9%[2] - The company reported a profit before tax of HKD 153,027, an increase of 4.3% from HKD 146,669 in 2022[2] - Net profit for the year was HKD 114,127, compared to HKD 121,483 in 2022, resulting in a basic and diluted earnings per share of HKD 22.92[2] - The company recognized a gain of HKD 15,000 from the sale of an associate during the year[2] - The overall gross profit decreased by HKD 46.4 million, but the gross profit margin improved from 19.0% in 2022 to 20.9% in 2023 due to lower unit costs of raw materials and a higher proportion of sales from electronic products[88] - The company reported a net profit attributable to shareholders of HKD 108.4 million for the year, a decrease of HKD 3.7 million compared to HKD 112.1 million in 2022[92] - Total comprehensive income for the year was HKD 98.632 million, compared to HKD 100.154 million in the previous year[145] Revenue Breakdown - Revenue from the sale of electronic products dropped from approximately HKD 1,731,784,000 in 2022 to HKD 1,347,261,000 in 2023[73] - Sales of electronic components decreased from approximately HKD 278,700,000 in 2022 to HKD 166,800,000 in 2023 due to reduced customer demand[73] - Sales of sprinkler controller products to a major customer fell by approximately HKD 70,900,000 to HKD 690,500,000 from HKD 761,400,000 in 2022[73] - Sales of plastic molds for the year were approximately HKD 67,500,000, down from HKD 85,700,000 in 2022[73] - Other segment revenues remained low, accounting for less than 1% of total revenue for the year[74] Cost Management - The cost of goods sold for the year was HKD 789,109, down from HKD 1,045,497 in 2022, representing a significant reduction of approximately 24.6%[42] - The company reported a net impairment loss on trade receivables of HKD 3,458, significantly reduced from HKD 18,270 in the previous year[2] - The inventory provision decreased to HKD 1,626 from HKD 28,111 in the previous year, showing improved inventory management[42] - The provision for expected credit losses on trade receivables was HKD 30,334, compared to HKD 26,876 in the previous year, indicating an increase in credit risk management[51] Market and Expansion Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[2] - The company has entered into a share transfer agreement to acquire a 30% stake in Yunlian New Energy (Guangdong) Co., Ltd. for RMB 1,500,000, aiming to diversify into the high-growth renewable energy sector in China[54] - The company has acquired a 4% stake in a Chinese R&D company for RMB 11.2 million, focusing on home and outdoor energy storage products[139] - The company expects the U.S. to remain its primary market for products in the coming year[132] Financial Position - The total assets of the company amounted to HKD 1,179,922, while total liabilities were HKD 491,181, resulting in a net asset position[34] - Total current assets as of December 31, 2023, were HKD 899.3 million, down from HKD 934.8 million in 2022, while total current liabilities decreased from HKD 575.6 million to HKD 472.6 million[95] - The cash and cash equivalents balance increased by HKD 137.7 million to HKD 430.9 million as of December 31, 2023[96] - The net current liabilities decreased to HKD 472,615,000 in 2023 from HKD 575,636,000 in 2022, representing a reduction of 17.9%[159] - The net assets increased to HKD 688,741,000 in 2023, up from HKD 609,031,000 in 2022, reflecting a growth of 13.1%[159] - The total equity attributable to owners of the company increased to HKD 642,165,000 in 2023 from HKD 589,086,000 in 2022, an increase of 9.0%[159] Governance and Corporate Actions - The board proposed a final dividend of HKD 0.02 per share, bringing the total dividends for the fiscal year 2023 to HKD 0.04 per share[56] - The annual general meeting will be held on June 3, 2024, to approve the proposed dividend[69] - The company has established a nomination committee in compliance with listing rules, consisting of at least five members, mostly independent non-executive directors[64] - The board emphasizes corporate governance as a key to success and is committed to adhering to best practices[133] Risks and Challenges - Future outlook remains cautious due to market conditions, with no specific guidance provided for the upcoming year[2] - The geopolitical tensions and trade disputes between the US and China may negatively impact the global economy and the group's business operations[111] - The group will continue to monitor foreign exchange risks and take appropriate actions to minimize these risks[109]

Revenue Performance - Revenue from electronic products for the six months ended June 30, 2023, was HKD 729,092,000, a decrease from HKD 857,351,000 in the same period of 2022[38] - Revenue for the six months ended June 30, 2023, was HKD 729,248 thousand, a decrease of 14.9% compared to HKD 857,505 thousand for the same period in 2022[137] - The revenue from the biodiesel products and energy-efficient gas stove business in Hong Kong was approximately HKD 200,000 during the period[69] - Revenue from external customers for the electronics segment was HKD 729,092,000, with a pre-tax operating profit of HKD 88,141,000, indicating strong performance in this segment[184] - For the six months ended June 30, 2023, total revenue from industrial products was HKD 857,505,000, with electronic products contributing HKD 857,351,000 and diesel products contributing HKD 154,000[194] Profitability and Financial Performance - The total profit attributable to the owners of the company for the period was HKD 52,200,000, up from HKD 40,400,000 in the same period last year, primarily due to improved gross margin and reduced impairment losses on financial assets[41] - Net profit for the period was HKD 55,239 thousand, up 24.9% from HKD 44,208 thousand in the prior year[137] - Profit before tax increased to HKD 76,790 thousand, a 39.7% rise compared to HKD 54,962 thousand for the same period last year[137] - Operating profit rose to HKD 95,133 thousand, reflecting a 17.6% increase from HKD 80,873 thousand in the previous year[137] - Gross profit increased to HKD 136,241 thousand, up 4.4% from HKD 130,961 thousand year-over-year[137] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period amounted to HKD 381,794,000, an increase from HKD 293,649,000 at the end of 2022[19] - The company's operating cash flow before changes in working capital for the six months ended June 30, 2023, was HKD 131,774,000, compared to HKD 128,790,000 for the same period in 2022, representing an increase of 2%[157] - The net cash flow from operating activities for the six months ended June 30, 2023, was HKD 151,849,000, up from HKD 56,973,000 in the previous year, indicating a significant increase of 166%[157] - Cash and cash equivalents, along with bank overdrafts, netted HKD 381.8 million as of June 30, 2023, an increase of HKD 88.6 million from December 31, 2022[103] - The group had no net debt as of June 30, 2023, compared to a net debt of approximately HKD 4.6 million as of December 31, 2022[104] Dividends and Shareholder Returns - The company proposed an interim dividend of HKD 0.02 per ordinary share for the six months ended June 30, 2023[8] - The group plans to balance its capital structure through various options, including dividend payments, issuing new shares, and debt management[75] Assets and Liabilities - As of June 30, 2023, the total current assets of the group amounted to HKD 960.6 million, compared to HKD 934.8 million as of December 31, 2022[102] - The total current liabilities of the group were HKD 563.6 million as of June 30, 2023, down from HKD 575.6 million as of December 31, 2022[102] - The company's total assets as of June 30, 2023, were HKD 1,237,736,000, while total liabilities were HKD 594,195,000, resulting in a healthy asset-to-liability ratio[184] - The group’s total liabilities include trade payables and notes, which are critical for assessing financial health[49] Operational Insights - The overall performance of the electronics division remained stable in the first half of 2023, with total revenue decreasing from HKD 183,700,000 in 2022 to HKD 90,700,000 in 2023, a decline of 50.7%[126] - The sales of the sprinkler controller products remained stable, showing an increase of HKD 11,000,000[126] - The company expects the potential demand for home energy storage and outdoor energy storage products to grow due to the overall trend of energy transition, and has acquired a 4% stake in a R&D company for RMB 11,200,000[117] - The company is focusing on expanding its energy-saving business, although specific revenue figures for this segment were not disclosed[194] - The company will continue to explore new electronic product opportunities with existing and potential customers to expand its revenue base[128] Employee and Management Insights - The company has 2,652 employees as of June 30, 2023, with 68 employed in Hong Kong and 2,584 in China[115] - The board believes that the management and employees are the company's most valuable assets contributing to its success[116] Legal and Compliance Matters - The group is actively monitoring a potential liability related to a lithium-ion battery incident, asserting no responsibility for the design and manufacturing defects[77] - The group has submitted a civil appeal regarding a court ruling that requires it to pay RMB 9,476,532.75 to a plaintiff for unpaid product payments and losses[108] - The group is in discussions with legal advisors regarding further actions to recover overdue payments and debts[87] Market Outlook - The group expects the U.S. market to continue being the primary market for its products, accounting for approximately 65.7% of total revenue during the period, up from 64.2% in 2022[98] - The company anticipates low revenue levels from energy-saving business in the second half of 2023 due to the cessation of all installation works at Suning stores since 2021[129] - The company has indicated plans for future market expansion, although specific strategies were not detailed in the provided content[199]

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。 ALLTRONICS HOLDINGS LIMITED 華訊股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：833） 截至二零二三年六月三十日止六個月之 未經審核中期業績公告 華訊股份有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然呈列本公司及其附 屬公司（「本集團」）截至二零二三年六月三十日止六個月（「本期間」）之未經審核中 期簡明綜合業績，連同二零二二年同期之比較數字如下： 簡明綜合損益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 附註 二零二三年 二零二二年 （未經審核） （未經審核） 千港元 千港元 收益 4 729,248 857,505 銷售成本 (593,007) (726,544) ...

Audit and Compliance - The independent auditor for the group is Crowe (HK) CPA Limited, with audit and non-audit service fees amounting to HKD 2,050,000 and HKD 275,000 respectively for the year ended December 31, 2022[8]. - The audit committee reviewed the group's interim and annual results for the year ended December 31, 2022, confirming compliance with applicable accounting standards and sufficient disclosure[3]. - The audit committee ensures that the board responds timely to matters raised in the auditor's management letter[3]. - The audit committee and board conduct a comprehensive review of the internal control and risk management systems every six months, with no significant discrepancies found during the latest review[16]. - The independent auditor has issued an unqualified opinion on the group's continuous related party transactions, confirming they were conducted on normal commercial terms[89]. - The independent auditor, Deloitte (Hong Kong) Limited, has audited the consolidated financial statements for the year ended December 31, 2022[100]. - The consolidated financial statements reflect the group's financial position as of December 31, 2022, and its performance for the year, in accordance with Hong Kong Financial Reporting Standards[103]. Risk Management - The company has established a risk management framework involving the board, audit committee, and senior management to identify and manage significant risks[15]. - The board is responsible for overseeing the design, implementation, and overall effectiveness of the internal control and risk management systems, which are aimed at managing rather than eliminating risks[15]. - The company has not established an internal audit department but has engaged independent consultants to review its internal control and risk management systems[16]. - The company has implemented a whistleblowing policy allowing employees and third parties to report any actions that may harm the company's interests, with all reports being independently investigated[16]. - The company emphasizes compliance with applicable laws and regulations, with no significant violations reported during the year[47]. Corporate Governance - The board acknowledges its responsibility for the effectiveness of the internal control and risk management systems, which are designed to provide reasonable assurance against material misstatements or losses[11]. - The board of directors includes both executive and independent non-executive members, ensuring governance and oversight[80]. - The board of directors emphasizes that corporate governance is key to the group's success and is committed to following best practices[92]. Financial Performance - The total revenue for the year ended December 31, 2022, increased by approximately HKD 76 million, reaching HKD 1,732.1 million, a growth of 4.6% compared to HKD 1,656.4 million in 2021[119]. - Sales revenue from electronic products rose by 4.7% to HKD 1,731.8 million, up from HKD 1,654.2 million in the previous year[128]. - The gross profit margin improved from 15.7% in 2021 to 19.0% in 2022, attributed to better control of production costs and a higher proportion of sales from products with higher average gross margins[133]. - The net profit attributable to the company's owners for the year was approximately HKD 112 million, compared to HKD 69 million in 2021[119]. - The company's profit attributable to owners for the year was HKD 112,100,000, an increase from HKD 69,300,000 in 2021, primarily due to higher gross profit[137]. - The net profit for the year 2022 was HKD 121,483 thousand, compared to HKD 67,142 thousand in 2021, reflecting an increase of 80.9%[157]. - Basic and diluted earnings per share for the year were HKD 23.69, up from HKD 14.66 in the previous year, marking a 61.5% increase[154]. - Total comprehensive income for the year was HKD 100,154 thousand, compared to HKD 81,076 thousand in 2021, showing a growth of 23.5%[157]. Shareholder Information - The company’s dividend policy considers operational performance, profitability, financial condition, cash needs, and other relevant factors[22]. - The company declared an interim dividend of HKD 0.02 per share, totaling HKD 9,461,164, and proposed a final dividend of HKD 0.02 per share, pending shareholder approval[44]. - The company proposed a final dividend of HKD 0.02 per share, bringing the total dividend for the year to HKD 0.04 per share[121]. - The company provides various communication channels for shareholders, including interim and annual reports, annual general meetings, and timely responses to inquiries[24]. - The company encourages shareholder participation in annual general meetings, providing a platform for communication with the board[24]. Environmental and Social Responsibility - The company has implemented environmental policies in accordance with international standards, achieving ISO 9001 and ISO 14001 certifications for quality and environmental management systems[40]. - The company’s production facilities have adopted environmentally friendly practices to enhance energy efficiency while reducing consumption and emissions[40]. - The company made charitable donations totaling HKD 228,000 during the year[45]. Inventory and Assets - Inventory as of December 31, 2022, was approximately HKD 371,369,000, net of an allowance for obsolete inventory of about HKD 42,547,000[141]. - The company is focused on identifying slow-moving and obsolete inventory as a key audit matter due to its significant impact on the financial statements[141]. - The management's assessment of inventory provisions involves significant judgment, making it a critical area of focus for the audit[141]. - The group spent approximately HKD 6,000,000 on the acquisition of properties, plants, and equipment to expand production capacity[138]. Legal Matters - Shenzhen Dexun is involved in a legal lawsuit regarding unpaid procurement orders, with the total claim amounting to approximately RMB 10,800,000[192]. - The court ruled that Shenzhen Dexun must pay RMB 9,476,532.75 for unpaid finished goods and production losses, along with overdue payment compensation calculated at an annual interest rate of 5.775%[196]. - Shenzhen Dexun is also required to pay storage fees of RMB 22,240 per month from November 1, 2020, until the retrieval of the inventory[196]. - The intermediate court has annulled the initial judgment and sent the case back for retrial, indicating ongoing legal proceedings[197]. - The hearing date for the retrial has not yet been determined, but the company believes it will not have a significant adverse impact on its operations[200].