格隆汇8月1日丨威雅利(00854.HK)公告，对比2024财年中期录得综合净亏损约78.6百万港元，集团截至 2025年6月30日止六个月将有可能录得综合净溢利介于15.0百万港元至25.0百万港元。 董事会认为集团本期间财务表现显著改善主要归因于以下因素：(i)本期间毛利率较2024财年中期整体改 善；(ii)集团若干贸易应收款项于本期间出现减值拨回净额，而2024财年中期则存在减值亏损净额；及 (iii)本期间录得存货拨备回拨净额，而2024财年中期则就滞销存货作出库存拨备。 ...

WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 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。 本公告由威雅利電子（集團）有限公司（「本公司」，連同其附屬公司為「本集團」） 依據香港聯合交易所有限公司證券上市規則（「香港上市規則」）第13.09條及證券及 期貨條例（香港法例第571章）第XIVA部的內幕消息條文（定義見香港上市規則）以 及新加坡證券交易所有限公司上市手冊主板規則第703條宣佈。 本公司董事會（「董事會」）欣然知會本公司股東及潛在投資者，基於董事會就本集 團截至二零二五年六月三十日止六個月（「本期間」）之未經審核綜合管理帳目（「未 經審核管理帳目」）的初步評估，董事會預期，對比截至二零二四年六月三十日止 六個月（「二零二四財年中期」）錄得綜合淨虧損約78.6百萬 ...

Market Overview - Hong Kong stocks experienced a pullback after an initial rise, with the Hang Seng Index closing down 0.29% at 24,517.76 points and a total trading volume of 258.95 billion HKD [1] - The Hang Seng China Enterprises Index fell 0.18% to 8,861.39 points, while the Hang Seng Tech Index decreased by 0.24% to 5,418.4 points [1] - Shenwan Hongyuan remains optimistic about investment opportunities in Hong Kong and A-share markets, predicting that Hong Kong will play a crucial role in the restructuring of the global financial order [1] Blue Chip Performance - Anta Sports (02020) led blue-chip stocks, rising 2.28% to 91.85 HKD, contributing 4.55 points to the Hang Seng Index [2] - Other notable performers included Kuaishou-W (01024) up 2.13% and Trip.com Group-S (09961) up 1.59%, while Shenzhou International (02313) and Zhongsheng Holdings (00881) saw declines of 2.75% and 2.67%, respectively [2] Sector Highlights - Large tech stocks showed mixed results, with Kuaishou rising over 2% and Baidu nearly 1%, while Tencent fell 0.19% [3] - The humanoid robot sector is gaining traction, with Shengye rising nearly 15% following positive developments [3] - The innovative drug sector remains active, with Lijun Pharmaceutical rising 13% amid ongoing interest in new drug procurement [4][5] Innovative Drug Sector - The 11th batch of national drug procurement has started, focusing on mature "old drugs" while excluding innovative drugs [5] - Analysts believe that the current innovative drug market is driven by value reassessment, with domestic investors increasing their positions through Hong Kong Stock Connect [5] Stablecoin Activity - China San San Media (08087) surged 72.73% after announcing plans to apply for a stablecoin license in Hong Kong, which will officially take effect on August 1 [6] - The global regulatory framework for stablecoins is expected to lead to significant industry growth [6] New Consumption Trends - New consumption stocks showed varied performance, with Guoquan (02517) up 7.29% and Hu Shang Ayi (02589) up 1.99%, while Gu Ming (01364) fell 4.26% [7] - Guoquan expects a net profit of approximately 180 to 210 million RMB for the first half of 2025, representing a year-on-year increase of 111% to 146% [7] Notable Stock Movements - Weiyali (00854) saw a dramatic increase of 288.34% after resuming trading, reaching a peak of 33.2 HKD [8] - Chongqing Machinery (02722) rose 14.06% following news of NVIDIA resuming sales of its H20 chip in China [9] - Jiufang Zhitu Holdings (09636) increased by 10.06% as it plans to issue shares for strategic investments [10] - Quzhi Group (00917) fell 12.06% after announcing a share placement at a discount to its market price [11]

Key Points - A total of 133 stocks reached their 52-week highs as of July 16, with notable performers including 威雅利 (00854) at 909.12%, 绿心集团股权 (02999) at 135.29%, and 首都金融控股 (08239) at 65.22% [1] - 威雅利 (00854) closed at 12.660, with a peak price of 33.200, marking a significant increase of 909.12% [1] - 绿心集团股权 (02999) had a closing price of 0.020 and reached a high of 0.040, reflecting a growth of 135.29% [1] - 首都金融控股 (08239) closed at 1.590, with a maximum price of 1.900, indicating a rise of 65.22% [1] - Other notable stocks include 中国三三传媒 (08087) with a 59.54% increase, and 云能国际 (01298) with a 41.23% increase [1] - The report also lists stocks that reached their 52-week lows, with 百利达集团控股 (08179) at -7.14% and 昊天国际建投 (01341) at -6.28% [5]

Market Overview - The Hong Kong stock market opened high but closed lower, with the Hang Seng Index down by 0.29%, the Hang Seng China Enterprises Index down by 0.18%, and the Hang Seng Tech Index down by 0.24% [1][2] - All three indices reached new highs since April during the trading session [1] Sector Performance - Major technology stocks mostly declined, with Meituan down 1.66%, Netease down 1%, and Xiaomi, JD.com, and Tencent also falling, while Baidu and Alibaba saw gains [2] - Large financial stocks, including banks, insurance, and brokerage firms, performed poorly, and sectors related to "anti-involution" saw significant declines, particularly in construction materials, cement, and steel [2] - Conversely, education stocks surged due to a national initiative for large-scale vocational skills training, and cryptocurrency-related stocks rebounded in the afternoon [2][11] - Biopharmaceutical stocks continued their upward trend, and semiconductor stocks rose as Nvidia announced a resumption of chip sales to China [2] Notable Stock Movements - Kintone International saw a drop of over 7%, while NIO, Meituan, and BYD Electronics fell over 1%. Conversely, Tongcheng Travel rose over 3%, and Tencent Music and Kuaishou increased by over 2% [4][5] - Real estate stocks declined, with Midea Real Estate down over 5% and several other major developers falling by over 3% [6] - Coal stocks experienced significant drops, with Anyu Asia and Mongolia Energy down over 6% [7] Tourism and Education Stocks - Tourism-related stocks were active, with Tongcheng Travel rising over 5% and other travel companies following suit [8] - The government announced a large-scale vocational skills training initiative, leading to a collective rise in education stocks, including China Oriental Education and Zhonghui Group, both up over 3% [10] Cryptocurrency Stocks - Cryptocurrency-related stocks saw significant gains, with Blue Ocean Interactive up over 25% and Boya Interactive up over 9% [11][12] Individual Stock Highlights - Weiyali resumed trading and saw a dramatic increase of 918.4% at one point, closing with a gain of 288.34% [13] - China San San Media rose over 72%, with a month-to-date increase of 378%, following plans to apply for a stablecoin license [17] Capital Flows - Southbound funds recorded a net inflow of 1.603 billion HKD, with the Shanghai-Hong Kong Stock Connect seeing a net buy of 2.009 billion HKD [21] Market Outlook - Huatai Securities indicated that market volatility may increase, with the importance of sector rotation rising. They suggested focusing on sectors with higher profitability and safety margins in the short term, such as food and beverage, personal care, and finance [23]

Company Overview - 威雅利电子(集团)有限公司 was established in 1981 and has developed its business from Hong Kong to the Greater China region and then expanded throughout Asia, establishing long-term partnerships with renowned suppliers in the electronic components distribution sector [3] - The company emphasizes internal management and external development, focusing on improving employee efficiency and competitiveness while providing diverse electronic components and comprehensive reliable solutions [3] - 威雅利 aims to lead innovation and design ideas, quickly converting customer needs into products to enhance their market advantages [3] Financial Performance - As of September 30, 2024, 威雅利 reported total revenue of 1.073 billion yuan, a year-on-year decrease of 12.48% [1] - The company recorded a net profit attributable to shareholders of -56.0544 million yuan, an increase of 34.73% year-on-year [1] - The gross profit margin stood at 2.01%, with a debt-to-asset ratio of 71.78% [1] Market Position and Valuation - Currently, there are no institutional investment ratings for 威雅利 [2] - The company's price-to-earnings (P/E) ratio is -2.1, ranking 177th in the industrial engineering sector, where the average P/E ratio is 16.33 [2] - Comparatively, other companies in the sector have P/E ratios such as 中国航天万源 at 0.32, 谊砾控股 at 0.36, and 亿都(国际控股) at 0.65 [2] Recent Developments - On July 15, 2025, 威雅利 plans to complete a placement of 15 million new shares, accounting for 14.61% of the enlarged share capital, at a placement price of 2.66 HKD per share, raising a net amount of 39.5 million HKD [4]

Core Viewpoint - The stock of Viyali (00854.HK) experienced a significant surge of over 900% upon its resumption of trading after a nine-month suspension, indicating strong market interest and potential investor confidence in the company [1][2]. Group 1: Company Overview - Viyali is a well-established electronic components distributor based in Hong Kong, founded in 1981, and listed on the Singapore Stock Exchange in 2001 before moving to the Hong Kong Stock Exchange in 2013 [5]. - The company primarily engages in the distribution of electronic components and has secured agency qualifications from renowned manufacturers such as STMicroelectronics, Asahi Kasei Microdevices, Murata, and Sony [5]. - Viyali's annual distribution revenue is approximately between 3 billion to 4 billion HKD, and it was ranked among the top 50 global electronic component distributors in 2022 [5]. Group 2: Recent Developments - On July 15, 2024, Viyali completed the issuance of 15 million new shares at a subscription price of 2.66 HKD per share, raising approximately 39.5 million HKD, with 60% allocated for repaying bank loans and 40% for operational funding [2][3]. - Following the share issuance, Viyali's total issued share capital increased from 87.69 million shares to 102.69 million shares, with the controlling shareholder, Hong Kong Taixin, reducing its stake from 87.76% to 74.94% [3]. - The company’s stock was suspended from trading on September 30, 2024, due to a public holding percentage falling below 15%, but resumed trading on July 16, 2025 [4]. Group 3: Strategic Importance - The acquisition of Viyali by Yachuang Electronics through its wholly-owned subsidiary Hong Kong Taixin is seen as a strategic integration within the electronic components distribution industry, enhancing Yachuang's product line and market position [6]. - The combined distribution revenue of Yachuang Electronics and Viyali is projected to reach 5 billion HKD, significantly increasing their market share, particularly in the automotive semiconductor sector [6].

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].