Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenues of HKD 2,664.9 million, a decrease of 15% compared to HKD 3,135.4 million in 2023[19] - The gross profit for the same period was HKD 100.4 million, down from HKD 278.7 million in 2023, indicating a significant decline in profitability[19] - The company recorded a net loss attributable to shareholders of HKD 169.2 million for the fiscal year 2024, compared to a profit of HKD 2.7 million in 2023[19] - The company’s basic loss per share for 2024 was HKD (70.25), compared to earnings of HKD 3.11 in 2023, highlighting a substantial downturn[19] - The company’s operating expenses for the fiscal year 2024 were HKD 171.6 million, a reduction from HKD 183.2 million in 2023[19] - Total revenue decreased to HKD 1,828.9 million for the nine months ending December 31, 2024, impacted by inventory provisions and discounting measures[23] - Revenue decreased by 31.4% to HKD 1,828.9 million for the nine months ended December 31, 2024, compared to HKD 2,664.9 million in the previous fiscal year[32] - The adjusted loss attributable to shareholders was HKD 43.3 million, excluding inventory impairment and expected credit loss provisions[31] Asset Management - The total assets of the company as of December 31, 2024, were HKD 2,017.8 million, reflecting a decrease from HKD 2,664.9 million in 2023[8] - The total assets of the company reached HKD 2,017.8 million as of March 31, 2023, with current assets at HKD 1,723.0 million[21] - Shareholders' equity stood at HKD 690.6 million as of March 31, 2023, reflecting a decrease from previous years[21] - Trust receipt loans decreased from HKD 268.2 million as of March 31, 2024, to HKD 140.0 million as of December 31, 2024, due to strategic debt refinancing[53] - Trade payables decreased from HKD 735.8 million to HKD 323.0 million, attributed to increased repayments to suppliers compared to the previous fiscal year[53] - Inventory decreased significantly from HKD 707.7 million to HKD 417.9 million, with inventory turnover days reducing from 3.4 months to 2.2 months due to proactive inventory clearance measures[54] Market Strategy - The company plans to expand its market presence in mainland China, leveraging its established network of offices across major cities[2] - The company is focusing on enhancing its product offerings in the automotive electronics sector, which accounted for 6% of total revenue in 2024[17] - The company plans to increase investment in the automotive electronics segment to enhance customer engagement and market share[24] - The company aims to enhance domestic production rates and reduce costs by introducing domestic production lines, thereby increasing product competitiveness[27] - The company aims to become a preferred platform for small and medium suppliers, enhancing its product and service ecosystem through continuous introduction of quality suppliers[66] - The company plans to focus on high-growth segments such as automotive electronics, AI, and low-altitude economy, targeting to become a leader in these niche markets[66] Operational Efficiency - The company’s distribution costs decreased to HKD 22.6 million in 2024 from HKD 28.9 million in 2023, indicating improved cost management[19] - Administrative expenses decreased by 37.9% to HKD 106.5 million, reflecting the company's efforts to streamline its cost structure[48] - Financing costs decreased by 48.8% from HKD 52.6 million in the previous fiscal year to HKD 26.9 million for the nine months ended December 31, 2024, mainly due to a decline in the weighted average effective interest rate[52] - The company is focused on efficient resource allocation to revitalize growth in underperforming business segments[26] Human Resources - As of December 31, 2024, the company employed 312 full-time employees, a decrease from 325 employees as of March 31, 2024[70] - The company has implemented a stock option plan to reward directors and eligible employees for their contributions[70] - The company emphasizes employee satisfaction and work-life balance, providing additional paid birthday leave for employees[196] - The company provides competitive compensation packages, including medical and life insurance, to attract and retain talent[193] - The annual employee turnover rate is 16.89%, with 50 employees leaving the company during the reporting period[190] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report adheres to the guidelines set by the Hong Kong Stock Exchange and the Singapore Exchange, ensuring comprehensive sustainability disclosures[86] - The ESG report emphasizes the importance of assessing climate risks and opportunities, aligning with the Task Force on Climate-related Financial Disclosures (TCFD) framework[86] - The company is committed to reducing environmental impact through resource conservation and efficiency, viewing climate change as both a risk to mitigate and an opportunity for market expansion[99] - The company has identified 42 economic, environmental, and social-related ESG areas relevant to its operations through stakeholder surveys[106] - The company has established a governance structure for sustainable development, which includes an ESG team responsible for planning and implementing sustainability strategies across departments[124] - The company has implemented specific anti-corruption policies and encourages employees to report misconduct through existing whistleblower policies[120] Climate Change Initiatives - The group aims to achieve carbon neutrality by 2060, aligning with national goals[169] - The short-term target is to reduce energy consumption by 5% by 2028 compared to 2024 levels[169] - The company has successfully reduced NOx emissions to 0.74 kg, SOx emissions to <0.01 kg, and PM emissions to 0.05 kg during the reporting period[149] - The company has implemented measures to reduce greenhouse gas emissions, including replacing incandescent and fluorescent lights with LED lighting[158] - The main sources of greenhouse gas emissions were purchased electricity (218.03 tons) and business travel (67.31 tons), accounting for 97% of total emissions[158] Corporate Governance - The board consists of two executive directors, one non-executive director, and four independent non-executive directors as of December 31, 2024[130] - The company emphasizes gender diversity, currently having six male directors and one female director on the board[136] - The company has implemented a nomination policy to promote diversity and inclusivity within the board[134] - The board is committed to effective communication with shareholders and fostering constructive relationships within the board and management[131] - The board oversees the sustainable development strategy, with various departments responsible for implementing measures[99]

Financial Performance - For the nine months ended December 31, 2024, the company reported revenue of HKD 1,828,900, a decrease of 31.4% compared to HKD 2,664,883 for the previous year[4]. - Gross profit for the same period was HKD 68,336, down 31.9% from HKD 100,397[5]. - The company recorded a pre-tax loss of HKD 68,495, which is a 59.7% improvement from a loss of HKD 170,004 in the previous year[5]. - Loss attributable to owners of the company was HKD 61,601, a decrease of 63.6% compared to HKD 169,223 from the previous year[6]. - Basic loss per share was HKD 70.25, down 63.6% from HKD 193.13[6]. - The total comprehensive loss for the period was HKD 188,143,000, which includes a loss of HKD 169,223,000 attributed to owners[9]. - The company reported a net loss attributable to shareholders of HKD 61,601,000 for the nine months ended December 31, 2024, and HKD 169,223,000 for the year ended March 31, 2024, resulting in a basic and diluted loss per share of HKD 70.25 and HKD 193.13 respectively[41]. Assets and Liabilities - Total assets as of December 31, 2024, were HKD 1,414,475, a decrease from HKD 1,869,823 as of March 31, 2024[7]. - Non-current assets totaled HKD 233,051, down from HKD 260,081[7]. - Current assets decreased to HKD 1,181,424 from HKD 1,609,742[7]. - Current liabilities decreased from HKD 1,341,273,000 in March 2024 to HKD 980,848,000 in December 2024, a reduction of approximately 27%[8]. - The company's equity attributable to owners decreased from HKD 502,486,000 in March 2024 to HKD 418,272,000 in December 2024, representing a drop of approximately 17%[9]. - The company's total liabilities and equity decreased from HKD 1,869,823,000 in March 2024 to HKD 1,414,475,000 in December 2024, a decline of about 24%[8]. Cash Flow and Financing - Operating cash flow used amounted to HKD 163,091,000, a significant decrease from the cash generated of HKD 59,392,000 in the previous year[11]. - Cash and cash equivalents decreased by HKD 25,815,000, ending the period at HKD 41,412,000 compared to HKD 68,851,000 at the beginning of the period[12]. - The company’s financing activities generated a net cash inflow of HKD 139,397,000, a turnaround from a net cash outflow of HKD 299,084,000 in the previous year[12]. - The company reported a significant reduction in financing costs, which fell by 48.8% to HKD 26,924 from HKD 52,603[5]. - The company repaid trust receipt loans amounting to HKD 847,633,000 during the nine months, while receiving HKD 719,917,000 from new trust receipt loans[12]. Inventory and Trade Receivables - The company experienced a decrease in inventory by HKD 262,629,000, contrasting with an increase of HKD 206,440,000 in the previous year[11]. - Trade receivables as of December 31, 2024, amounted to HKD 719,934,000, a decrease from HKD 836,007,000 as of March 31, 2024, after deducting credit loss provisions[27]. - The aging analysis of trade receivables shows that amounts overdue over 90 days were HKD 190,746,000 as of December 31, 2024, compared to HKD 230,448,000 as of March 31, 2024[27]. - The net trade receivables balance as of December 31, 2024, was HKD 708,448,000, compared to HKD 816,508,000 as of March 31, 2024[27]. Operational Segments - The industrial segment generated revenue of HKD 493.3 million, down 17.2% from the previous fiscal year, influenced by declines in both exports and domestic demand in China[52]. - The automotive electronics segment reported sales of HKD 490.9 million, a decrease of 38.4%, but the company remains optimistic about long-term investments in this area due to growing demand for new energy vehicles[53]. - The home appliances segment's revenue was HKD 318.2 million, down 28.3%, affected by weak global consumer electronics market and domestic demand slowdown[54]. - The electronic manufacturing services segment saw a revenue drop of 35.7% to HKD 151.7 million, primarily due to ongoing trade tensions impacting export markets[55]. Cost Management - Administrative expenses decreased by 37.9% to HKD 106.5 million, reflecting the company's proactive review and streamlining of its cost structure[64]. - The company recorded a loss attributable to shareholders of HKD 61.6 million for the nine months ended December 31, 2024, a decrease from a loss of HKD 169.2 million in the previous fiscal year, primarily due to reduced foreign exchange losses and lower financing costs[48]. - Inventory impairment significantly reduced to HKD 26.1 million from HKD 83.4 million in the previous fiscal year, as part of the company's active inventory reduction measures[48]. Corporate Governance and Compliance - The company adheres to high standards of corporate governance and has complied with all relevant codes during the nine months ending December 31, 2024[86]. - The independent auditor, Ernst & Young LLP, has reviewed the consolidated financial statements for the nine months ending December 31, 2024[89]. - The board has established an audit committee consisting of four independent non-executive directors to oversee financial reporting and risk management[88]. Future Outlook - The company plans to continue monitoring its financial performance and make necessary adjustments to improve its financial health moving forward[47]. - The company aims to become the preferred platform for small and medium suppliers, enhancing its product and service ecosystem through continuous introduction of quality suppliers[76]. - The company plans to focus on high-growth segments such as automotive electronics, AI, and low-altitude economy, targeting to become a leading player in these niche markets[76].

Financial Performance - The company reported revenue of HKD 1,189.8 million for the six months ended September 30, 2024, a decrease of 12.5% compared to HKD 1,359.5 million for the same period in 2023[26]. - Gross profit for the same period was HKD 23.9 million, down 61.4% from HKD 62.0 million year-on-year[26]. - The loss attributable to the company's owners narrowed to HKD 62.2 million from HKD 95.2 million, representing a 34.7% improvement[26]. - Adjusted gross margin was 6.2%, a decline of 1.1% compared to the previous year, excluding the impact of inventory provisions[30]. - The company recorded a loss before tax of HKD 70,395,000, compared to a loss of HKD 96,712,000 in the previous year, showing an improvement of approximately 27.2%[111]. - The net loss for the period was HKD 62,160,000, which is a reduction from HKD 95,264,000, reflecting a decrease of about 34.7%[111]. - The company’s total comprehensive loss for the period was HKD 59,574,000, down from HKD 116,178,000, indicating a reduction of approximately 48.8%[111]. Segment Performance - The automotive electronics segment saw a significant decline in revenue, dropping 24.0% to HKD 305.2 million from HKD 401.4 million[34]. - The industrial segment, however, experienced growth, with revenue increasing by 12.3% to HKD 314.9 million[34]. - The home appliances segment generated sales of HKD 211.9 million, a decrease of approximately 14.9% year-on-year, impacted by weak global consumer electronics market and domestic demand slowdown[37]. - The electronic manufacturing services segment's revenue fell by about 18.2% to HKD 102.6 million, reflecting a challenging export environment[39]. - The distributor segment achieved revenue of HKD 92.3 million, an increase of approximately 15.6% year-on-year, boosted by discounts and promotions to clear inventory[40]. Inventory and Cash Flow Management - The company recorded an increase in inventory provisions of HKD 49.8 million for the current period, compared to HKD 37.0 million in the previous period[30]. - The company plans to implement strategies to reduce inventory and improve cash flow in response to market conditions[30]. - The gross profit margin decreased from 4.6% in the first half of FY2024 to 2.0% in FY2025, due to inventory provisions of HKD 49.8 million[45]. - The company reported a net current asset value of HKD 208,618 thousand, down from HKD 268,469 thousand, a decrease of about 22%[116]. - The net cash used in operating activities for the six months ended September 30, 2024, was HKD (199,022) thousand, compared to HKD (58,595) thousand for the same period in 2023, indicating a significant increase in cash outflow[124]. Financing and Debt - Financing costs decreased by HKD 13.9 million due to lower bank borrowing levels and a reduction in the weighted average effective interest rate[30]. - As of September 30, 2024, the group has bank borrowings of HKD 449.9 million, with 16.6% denominated in USD, 1.8% in HKD, and the remainder in RMB[63]. - The group's net debt-to-equity ratio increased to 159.7% as of September 30, 2024, up from 99.5% on March 31, 2024, primarily due to increased loans from the ultimate controlling company and a decrease in cash and equity[69]. - The group has unutilized bank financing of HKD 259.5 million as of September 30, 2024, down from HKD 489.6 million on March 31, 2024[63]. - The group obtained new bank loans totaling HKD 785,724,000 during the interim period, compared to HKD 449,633,000 in the previous year[184]. Employee and Administrative Expenses - Administrative expenses decreased by 24.5% to HKD 69.0 million in the first half of FY2025, mainly due to cost structure review and streamlining efforts[50]. - The company’s administrative expenses for the six months ended September 30, 2024, totaled HKD 68,982,000, compared to HKD 91,402,000 in the same period last year, indicating a decrease of approximately 24.5%[142]. - Total compensation for directors and key management personnel for the six months ended September 30, 2024, was HKD 3,564,000, down from HKD 6,231,000 in the same period of 2023[200]. Shareholder Information - The total number of shares issued as of September 30, 2024, is 87,692,049, with major shareholders holding significant stakes, including 77.53% by Xie Lishu and Huang Shaoli combined[83]. - Major shareholders include Shanghai Yachuang, Kunshan Yachuang, and Yachuang Taixin, all holding 67,991,806 shares, representing 77.53% of the total[87]. - The company did not declare any interim dividends for the six months ended September 30, 2024, consistent with the previous year[154][155]. Future Outlook - The company expects continued pressure on margins due to weak end-market demand and intensified price competition in the semiconductor market[30]. - The company anticipates growth opportunities in emerging fields such as autonomous driving, low-altitude economy, and robotics[44]. - The group plans to focus on high-growth areas such as automotive electrification and new energy home appliances, while continuing to invest in market share[70]. - The group is optimistic about the prospects of the electronic components distribution industry, particularly in AI and industrial digitalization[70].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 1,189,829 thousand, a decrease of 12.5% compared to HKD 1,359,457 thousand in 2023[2] - Gross profit dropped to HKD 23,933 thousand, reflecting a significant decline of 61.4% from HKD 61,981 thousand in the previous year[4] - The company reported a loss before tax of HKD (70,395) thousand, which is an improvement of 27.2% compared to HKD (96,712) thousand in the same period last year[4] - Loss attributable to shareholders was HKD (62,159) thousand, a reduction of 34.7% from HKD (95,227) thousand in 2023[6] - Basic and diluted loss per share was HKD (70.89), down 34.8% from HKD (108.68) in the previous year[6] - Total comprehensive income for the six months ended September 30, 2024, was HKD 443,184,000, compared to HKD 690,550,000 for the same period in 2023, representing a decrease of approximately 35.8%[13] - The company reported a total revenue of HKD 87,622,000 for the six months ended September 30, 2024, compared to HKD 199,780,000 for the same period in 2023, marking a decline of about 56.2%[13] - The company incurred total expenses of HKD 199,695,000 for the six months ended September 30, 2024, compared to HKD 274,651,000 for the same period in 2023, which is a decrease of approximately 27.3%[13] - The company reported a loss of HKD (20,906,000) for the six months ended September 30, 2024, compared to a loss of HKD (95,227,000) for the same period in 2023, showing an improvement in loss performance[13] Assets and Liabilities - Total assets decreased to HKD 1,570,637 thousand from HKD 1,869,823 thousand, indicating a decline in overall asset value[10] - Current liabilities amounted to HKD 1,110,006 thousand, down from HKD 1,341,273 thousand, showing a reduction in short-term obligations[10] - The company’s total liabilities decreased from HKD 690,761,600 as of March 31, 2024, to HKD 443,184,000 as of September 30, 2024, indicating a reduction in financial obligations[13] - Trade receivables as of September 30, 2024, amounted to HKD 790,756,000, down from HKD 836,007,000 as of March 31, 2024, representing a decrease of approximately 5.4%[46] - Trade payables of HKD 333,283,000 as of September 30, 2024, a decrease from HKD 735,772,000 as of March 31, 2024, reflecting a reduction of approximately 54.7%[50] Cash Flow and Liquidity - Cash and cash equivalents were reported at HKD 56,759 thousand, down from HKD 68,851 thousand, reflecting a decrease in liquidity[8] - The net cash used in operating activities for the six months ended September 30, 2024, was HKD (199,022,000), compared to HKD (58,595,000) for the same period in 2023, indicating a significant increase in cash outflow[18] - Cash and cash equivalents at the end of the period were HKD 56,759,000, down from HKD 58,000,000 in the previous year, reflecting a decrease of approximately 2.1%[18] - The company’s financing activities resulted in a net cash inflow of HKD 188,426,000 for the six months ended September 30, 2024, compared to a net cash outflow of HKD (194,446,000) in the previous year[18] - The company’s investment activities resulted in a net cash outflow of HKD (320,000) for the six months ended September 30, 2024, compared to HKD (2,159,000) in the same period of 2023[18] Operational Efficiency - The company experienced a notable reduction in administrative expenses, which fell by 24.5% to HKD (68,982) thousand from HKD (91,402) thousand[4] - Employee costs, excluding director remuneration, decreased to HKD 44,017,000 from HKD 54,860,000, reflecting a reduction of about 19.5% year-over-year[42] - The company has reassessed its liabilities as of April 1, 2023, and concluded that the classification of liabilities as current or non-current remains unchanged, indicating no impact on financial position or performance[25] - The company recognized a net foreign exchange loss of HKD 3,316,000, significantly lower than the HKD 15,431,000 loss reported in the previous year, marking a decrease of about 78.5%[42] Market Segments and Revenue Sources - The company operates in three geographical segments: South China, North China, and Taiwan, focusing on the electronic components trade[28] - The industrial segment generated revenue of HKD 314.9 million, an increase of 12.3% year-on-year, driven by the "Made in China 2025" initiative[79] - The automotive electronics segment saw revenue decline by 24.0% to HKD 305.2 million, impacted by inventory buildup of new energy vehicle components[80] - The home appliances segment reported revenue of HKD 211.9 million, down 14.9% due to weak demand in the global consumer electronics market[83] - The distribution segment achieved revenue of HKD 92.3 million, an increase of 15.6%, supported by discounts and promotions to clear inventory[85] - The telecommunications segment's revenue fell 47.4% to HKD 48.6 million, primarily due to weak mobile phone demand[87] Future Outlook and Strategy - The company anticipates growth opportunities in emerging fields such as autonomous driving and robotics, allocating resources accordingly[90] - The company is focusing on high-growth areas such as automotive electrification and new energy appliances, aiming to increase market share and explore potential opportunities in other business segments[111] - The company remains optimistic about the electronic components distribution industry, driven by ongoing global demand for advanced technology and industrial digitalization[111] - The company is investing in research and development, particularly in artificial intelligence and generative AI applications, to enhance capabilities and drive energy demand growth[111] Governance and Compliance - The company has complied with corporate governance codes and has established an audit committee consisting of four independent non-executive directors[124] - The board of directors confirmed compliance with the Singapore Exchange listing manual, section 720(1) [132] - The board consists of two executive directors, one non-executive director, and four independent non-executive directors [132]

Financial Performance - The company recorded a loss attributable to shareholders of HKD 169 million for the fiscal year 2024, compared to a profit of HKD 2.7 million in fiscal year 2023, primarily due to increased inventory provisions of HKD 83.4 million and foreign exchange losses of approximately HKD 14.6 million [3]. - Total revenue decreased by 15% from HKD 3,135.4 million in fiscal year 2023 to HKD 2,664.9 million in fiscal year 2024, reflecting the impact of global economic downturn and weak end-market demand [16]. - For the fiscal year ending March 31, 2024, the company's revenue decreased by 15% to HKD 2,664.9 million compared to the previous year [26]. - The company reported a loss attributable to shareholders of HKD 169.3 million for the fiscal year 2024, a significant decline from a profit of HKD 92.5 million in 2021 [23]. - Basic loss per share for the fiscal year 2024 was HKD (170.00), compared to earnings of HKD 108.54 in 2021 [23]. - The gross profit margin faced pressure due to weak market demand, inventory pressure, and exchange rate fluctuations [26]. - The company's gross profit margin fell sharply from 8.9% in the previous fiscal year to 3.8% in the current fiscal year, primarily due to intensified price competition and inventory provisions [111]. - Overall revenue decreased by 15.0% year-on-year to HKD 2,664.9 million, as all segments reported lower sales compared to the previous year's revenue of HKD 3,135.4 million [118]. Segment Performance - The automotive electronics segment accounted for 29.9% of total sales in fiscal year 2024, an increase of 2.9% year-on-year, despite a 5.7% decline in sales revenue [4]. - The electronic manufacturing services segment's sales amounted to HKD 236.0 million in fiscal year 2024, with a year-on-year decline of 3.7%, but its contribution to total revenue increased from 7.8% to 8.8% [5]. - For the fiscal year ending March 31, 2024, the automotive electronics segment became the largest revenue source for the company, recording sales of HKD 797.4 million, despite a 5.7% decrease compared to the previous fiscal year [76]. - Revenue from the electronic manufacturing services segment decreased by 3.7% year-on-year to HKD 236.0 million, primarily due to trade tensions affecting export markets [105]. - Revenue from the telecommunications segment decreased by 16.1% year-on-year to HKD 170.4 million, driven by reduced consumer demand for smartphones [106]. - The audio-visual segment reported revenue of HKD 157.6 million, a year-on-year decrease of 17.9%, with expectations of ongoing challenges [107]. - The distribution segment's revenue was HKD 182.7 million, down 0.2% year-on-year, impacted by weak demand for consumer electronics [108]. - The lighting segment recorded revenue of HKD 55.2 million, a significant decline of 43.7%, reflecting weak demand in the consumer and commercial lighting markets [109]. - Other segments saw a revenue decline of 39.7% year-on-year to HKD 25.7 million, attributed to decreased demand for personal computers and electronic toys, although AI growth is expected to improve the situation [110]. Strategic Focus and Investments - The company plans to continue investing in the automotive electronics sector to enhance customer engagement and increase market share [4]. - The company will continue to focus resources on sectors with growth potential, particularly in automotive electronics, industrial, and home appliance areas [18]. - The company plans to focus on high-growth industries such as automotive electronics and renewable energy, which will remain key development areas for the fiscal year ending March 31, 2025 [89]. - The company will continue to invest in key customers and suppliers to enhance sales and market share in the automotive electronics segment [76]. - The company aims to align inventory levels with demand to mitigate potential risks and achieve sustainable growth [19]. Financial Position and Assets - The total assets of the company as of March 31, 2024, were HKD 1,869.8 million, a decrease from HKD 2,017.8 million in the previous fiscal year [8]. - The net asset value per share decreased to HKD 573.47 in fiscal year 2024 from HKD 788.10 in fiscal year 2023 [8]. - The net asset liability ratio increased to 99.5% as of March 31, 2024, from 78.6% as of March 31, 2023, primarily due to a decrease in shareholder equity [150]. - Trade receivables increased from HKD 806.0 million in FY2023 to HKD 816.5 million in FY2024, with average credit terms of 30 to 120 days [132]. - Inventory increased from HKD 586.3 million in FY2023 to HKD 707.7 million in FY2024, with inventory turnover days rising from 2.5 months to 3.4 months [133]. - Financing costs rose by 20.2% from HKD 43.8 million in FY2023 to HKD 52.6 million in FY2024, mainly due to increased average effective interest rates [140]. - The group has unutilized bank financing of HKD 489.6 million as of March 31, 2024, compared to HKD 416.6 million as of March 31, 2023 [170]. - The group’s secured bank borrowings amounted to HKD 78.8 million as of March 31, 2024, up from HKD 19.8 million the previous year [171]. Market Challenges and Outlook - The company anticipates challenges in the global semiconductor market and macroeconomic uncertainties in the upcoming fiscal year [26]. - The company's sales in the consumer electronics market have been adversely affected by geopolitical conflicts and a downturn in demand [26]. - The geopolitical tensions and ongoing trade conflicts have created challenges in the business environment, impacting the macroeconomic outlook [175]. - The group expects the current inventory clearance situation among distributors and OEMs to persist throughout the remainder of calendar year 2024, with a positive shift in supply-demand dynamics anticipated in 2025 [151]. Governance and Compliance - The company appointed a new independent non-executive director on August 11, 2023, and subsequently appointed a chief independent director on August 23, 2023 [184]. - The company has a diverse board with members holding qualifications from various professional accounting and legal institutions [184][200]. - The company maintains compliance with the listing rules and has engaged internal auditors for the environmental, social, and governance report [192]. - The environmental, social, and governance report covers the company's operations in Hong Kong and mainland China from April 1, 2023, to March 31, 2024 [192]. - The company ensures the quality of reported data by adhering to GRI standards, emphasizing accuracy, balance, clarity, comparability, completeness, materiality, sustainability, timeliness, and verifiability [194]. Human Resources and Development - As of March 31, 2024, the group employed 325 full-time employees, a decrease from 377 employees as of March 31, 2023, with 23.4% based in Hong Kong, 72.9% in mainland China, and the remainder in Taiwan [155]. - The group has implemented strategies for talent recruitment, retention, and development, including regular training programs and performance-linked compensation [178]. Research and Development - The group has invested in research and development to accumulate expertise in energy efficiency, driven by the growing importance of energy demand due to AI applications [176]. - The group is increasingly focusing on the development of AI, particularly generative AI applications that can be integrated into various devices, believing this will drive energy demand growth [176].

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 2,664,883, a decrease of 15.0% compared to HKD 3,135,433 in the previous year[3] - Gross profit fell to HKD 100,397, down 64.0% from HKD 278,677 year-on-year[4] - The company reported a loss before tax of HKD 170,004, compared to a profit of HKD 4,343 in the previous year, indicating a significant decline[4] - Basic loss per share was HKD 193.13, a sharp drop from earnings of HKD 3.11 per share in the prior year[5] - For the fiscal year ending March 31, 2024, the company reported a loss of HKD 169,223,000, compared to a profit of HKD 2,716,000 in the previous year[12] - Total comprehensive loss for the year was HKD 188,064,000, which includes other comprehensive losses of HKD 18,841,000[12] - The company reported a significant reduction in cash and cash equivalents at year-end, totaling HKD 68,851,000, down from HKD 317,230,000 at the beginning of the year[15] - The company reported a loss attributable to shareholders of HKD 169.2 million for the fiscal year ending March 31, 2024, compared to a profit of HKD 2.7 million for the previous fiscal year, marking a significant decline in performance[55] - Revenue decreased by 15.0% year-on-year to HKD 2,664.9 million, down from HKD 3,135.4 million in the previous fiscal year, due to weak demand and a high-interest environment[58] Assets and Liabilities - Total assets decreased to HKD 1,869,823 from HKD 2,017,789, reflecting a reduction of 7.3%[7] - Current liabilities increased to HKD 1,341,273, up from HKD 1,292,930, indicating a rise of 3.7%[9] - The company’s equity attributable to owners decreased to HKD 502,486 from HKD 690,550, a decline of 27.3%[9] - The company’s total assets decreased, reflecting a decline in overall financial health, with total equity dropping significantly[12] - The net asset value per share decreased to HKD 573.47 from HKD 788.10 year-on-year[50] - The net asset liability ratio as of March 31, 2024, was 99.5%, up from 78.6% a year earlier, primarily due to a decrease in shareholders' equity resulting from losses recorded in the fiscal year[89] Cash Flow and Financing - Cash and cash equivalents significantly decreased to HKD 68,851 from HKD 317,230, a decline of 78.3%[7] - Financing costs increased by 20.2% to HKD 52,603 from HKD 43,750, indicating rising financial burdens[4] - The financing activities resulted in a net cash outflow of HKD 299,084,000, contrasting with a net inflow of HKD 181,552,000 in the previous year[15] - The company incurred interest expenses of HKD 52,248,000 on bank loans and trust receipts, up from HKD 43,332,000 in the previous year[14] Inventory and Trade Receivables - Inventory levels rose to HKD 707,663, up from HKD 586,266, representing an increase of 20.6%[7] - The company experienced an increase in inventory provisions amounting to HKD 83,389,000, compared to a reversal of provisions of HKD 1,000,000 in the previous year[14] - Trade receivables increased to HKD 836,007,000 in 2024, up 2.9% from HKD 816,752,000 in 2023, with a provision for credit losses of HKD 19,499,000[35] - As of March 31, 2024, the net trade receivables amounted to HKD 816,508,000, representing 44% of the total assets, with HKD 229,202,000 being overdue[127] Segment Performance - The automotive electronics segment generated sales of HKD 797.4 million, making it the largest revenue source for the company, despite a 5.7% decrease compared to the previous year[60] - The industrial segment's revenue dropped by 21.4% to HKD 595.8 million, while the home appliance segment saw a decline of 21.8% to HKD 444.0 million[59] - The electronic manufacturing services segment saw a revenue decline of 3.7% to HKD 236.0 million in FY2024, primarily due to trade tensions affecting export markets[64] - The telecommunications segment's revenue decreased by 16.1% to HKD 170.4 million in FY2024, driven by reduced consumer demand for smartphones[65] - The audio-visual segment generated revenue of HKD 157.6 million in FY2024, reflecting a year-on-year decrease of 17.9% with ongoing challenges expected[66] - The lighting segment's revenue fell by 43.7% to HKD 55.2 million, indicating weak demand in consumer and commercial lighting markets[68] Corporate Governance and Compliance - The company has complied with the corporate governance codes of Hong Kong and Singapore, ensuring adherence to high standards of corporate governance practices[102] - The audit committee, composed entirely of independent non-executive directors, has reviewed the group's audited annual results for the fiscal year ending March 31, 2024[107] - The auditor's report is addressed to all shareholders and is not intended for any other purpose[136] Future Outlook and Strategy - The group plans to focus on high-growth sectors such as automotive electronics and new energy, which will remain key development areas through the fiscal year ending March 31, 2025[91] - The group is investing in research and development of generative AI applications, anticipating that the increasing prevalence of AI will drive energy demand growth[92] - The company plans to continue supporting key customers and suppliers in the automotive electronics sector to enhance sales and market share despite current challenges[60] Dividends and Shareholder Returns - The company did not declare a final dividend for the fiscal year ending March 31, 2024, following a special dividend of HKD 0.40 per share in the previous year[47] - The board does not recommend a final dividend for the fiscal year ending March 31, 2024, aiming to retain cash for business operations and future growth[95] - The company did not declare any dividends for the fiscal year ending March 31, 2024, compared to HKD 63,964,000 in dividends declared for the previous year[115]

智通财经APP获悉，威雅利(00854)复牌大涨37%，截至发稿，涨37.1%，报3.03港元，成交额474.11万港元。 消息面上，威雅利公布，持股21.24%主要股东香港雅创台信电子提出自愿有条件现金收购要约，旨在获得公司之控股权作长期投资，每股现金价3.3港元，较停牌前收报溢价49.32%。据悉，香港雅创台信电子由上海雅创最终实益全资拥有，上海雅创主要从事汽车、工业及电力业务，尤其是主要于中国汽车行业的电子元件分销及电源管理集成电路设计业务。 ...

（新加坡股份代號 : BDR） 中期報告 2023/24 目錄 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 4 | | 管理層討論與分析 | 5 | | 權益披露 | 13 | | 企業管治及其他資料 | 18 | | 簡明綜合財務報表審閱報告 | 21 | | 簡明綜合損益及其他全面收益表 | 22 | | 簡明綜合財務狀況表 | 23 | | 簡明綜合權益變動表 | 25 | | 簡明綜合現金流量表 | 27 | | 簡明綜合財務報表附註 | 28 | 公司資料 董事 非執行董事 謝力書 （主席） 黄紹莉 執行董事 範欽生 （自二零二三年十一月十四日起委任） 獨立非執行董事 章英偉 （首席獨立董事） （自二零二三年八月十一日起委任） 劉進發 （自二零二三年八月二十三日起委任） 曹思維 （自二零二三年八月二十三日起委任） 姜茂林 （自二零二三年八月二十三日起委任） 公司秘書 陳麗而 （自二零二三年十月三日起委任） 審核委員會 劉進發 （主席）（自二零二三年八月二十三日起委任） 章英偉 （自二零二三年八月十一日起委任） 曹思維 （自二零二三年八月二十三日起委任） 姜茂林 （自二零二 ...

香港交易及結算所有限公司、香港聯合交易所有限公司及新加坡證券交易所有限 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。 新加坡證券交易所有限公司概不對本公告內作出的任何陳述、載列的任何報告或 發表的任何意見的正確性承擔任何責任。 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 威雅利電子（集團）有限公司 （於百慕達註冊成立的有限公司） （香港股份代號：854） （新加坡股份代號：BDR） 截至二零二三年九月三十日止六個月 未經審核中期業績公告 財務摘要 截至九月三十日止六個月 二零二三年 二零二二年 變動 千港元 千港元 % （未經審核）（未經審核） 收益 1,359,457 1,782,845 –23.7 毛利 61,981 169,974 –63.5 ...

公司簡介 威雅利電子（集團）有限公司（「威雅利」及其附屬公司，統稱「本集團」）於一九八零年代初成立，於二零 零一年在新加坡證券交易所有限公司主板上市（新加坡股份代號：BDR），並於二零一三年在香港聯合 交易所有限公司主板上市（香港股份代號：854）。本集團以香港為基地，主要從事電子元器件的經銷， 並配套工程解決方案。本集團的產品應用於工業、影音、電訊、家電、照明、電子製造服務及汽車電子 等多個產業領域。 本集團與二十多家國際知名的主要供應商建立了長期業務合作關係，旗下產品組合極多元化，現為超過 三千家客戶提供逾一萬種產品。主要市場包括中國內地、香港及台灣。 本集團在供應商、客戶及銀行等各個界別均享有良好信譽，其中不少更是長期合作夥伴。優良的管理政 策有效確保存貨和現金流維持健康水平，令本集團擁有穩健的財務業績和強勁的盈利記錄。 威雅利在中國內地已建立龐大的辦事處網絡，覆蓋北京、重慶、廣州、青島、上海、深圳、廈門及中山。 而位於上海的外高橋保稅區的全資附屬公司是本集團在北中國地區的物流中心。隨著更多台灣的大型 電子製造商在中國內地經營業務，本集團亦已於台北設有全資附屬公司，以把握商機。 二零二二/二三年年度報告 ...