智通财经APP讯，APOLLO出行(00860)公布2025年中期业绩，收入8489.8万港元，同比收窄32.75%;公 司拥有人应占亏损约1.05亿港元，同比减少69.32%;每股基本亏损10.3港仙。 （原标题：APOLLO出行(00860)公布中期业绩 公司拥有人应占亏损约1.05亿港元 同比减少69.32%） ...

APOLLO出行(00860)公布2025年中期业绩，收入8489.8万港元，同比收窄32.75%;公司拥有人应占亏损 约1.05亿港元，同比减少69.32%;每股基本亏损10.3港仙。 ...

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 佈 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：860） 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 Apollo智 慧 出 行 集 團 有 限 公 司（「AFMG」或「本 公 司」）董 事（「董 事」）會 （「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司（統 稱「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 簡 明 綜 合 中 期 業 績， 連 同 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 比 較 數 字。本 期 間 的 未 經 審 核 中 期 簡 明 綜 合 財 務 資 料 經 由 本 公 司 審 核 委 員 會（「審 ...

Core Viewpoint - APOLLO Outing (00860.HK) announced a board meeting scheduled for August 29, 2025, to approve the interim results for the six months ending June 30, 2025, and to consider the payment of an interim dividend, if any [1] Group 1 - The board meeting will take place at the company's main office in Hong Kong [1] - The interim results to be approved will cover the period ending June 30, 2025 [1] - The consideration of an interim dividend will be part of the meeting agenda [1]

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 佈 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立及於百慕達存續之有限公司） 承董事會命 Apollo智慧出行集團有限公司 主席兼執行董事 許晉瑛 香港，二零二五年八月十八日 於本公佈日期，董事會包括兩名執行董事，即許晉瑛先生（ 主席 ）及陳逸子女士； 以及三名獨立非執行董事，即翟克信先生、Charles Matthew Pecot III先生及李巧恩 女士。 （股份代號：860） 董事會會議日期 Apollo智慧出行集團有限公司（「本公司」）董事（「董事」）會（「董事會」） 宣佈，本公司將於二零二五年八月二十九日在本公司之香港主要辦事 處舉行董事會會議，藉以（ 其中包括 ）批准本公司及其附屬公司截至二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 及 考 慮 派 付 中 期 股 息 （ 如有 ）。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Apollo 智慧出行集團有限公司（於開曼群島註冊成立及於百慕達存續之有限公司） 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00860 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000,000 | HKD | | 0.01 HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 200,000,000,000 | HKD | | 0.01 HKD | | 2,00 ...

Market Growth Projections - The global luxury car market is projected to grow from $582.19 billion in 2023 to $623.9 billion in 2024, representing a year-on-year increase of 7.2%[9]. - The global high-performance car market is expected to grow from $19.16 billion in 2023 to $25.6 billion in 2024, with a year-on-year growth rate of 33.6%[7]. - In China, the luxury car market is estimated to reach $161.55 billion in 2024, with a compound annual growth rate (CAGR) of 2.0% until 2031[10]. - The global new energy vehicle market is valued at approximately $1,328.08 billion in 2024, with a projected CAGR of 32.5% from 2025 to 2030[12]. - In 2024, sales of new energy vehicles in China exceeded 11 million units, accounting for nearly two-thirds of global registrations, reflecting a year-on-year increase of over 40%[12]. - The Japanese new energy vehicle market is projected to grow from approximately USD 43.32 billion in 2024 to about USD 94.51 billion by 2029, driven by government incentives and increasing environmental awareness[19]. - The global top-tier supercar market is projected to reach $84.76 billion by 2029, with a compound annual growth rate (CAGR) of 26.0% from 2025 to 2029[28]. Company Strategy and Innovation - The company is focusing on innovation in lightweight composite materials and hybrid power systems to enhance vehicle performance and safety[7]. - The company is committed to sustainable transportation solutions, aligning with global trends towards electrification and stricter emission regulations[12]. - The company plans to invest in R&D to ensure the Apollo supercar series incorporates cutting-edge technology and unparalleled performance, funded by proceeds from various subscription agreements and the sale of Divergen[15]. - The company aims to redefine luxury and performance standards in the luxury electric vehicle market, which is expected to grow significantly post-2025[30]. - The investment in Divergent Technologies Inc. is expected to create synergies with the company's mobility business, leveraging patented 3D printing technology for vehicle structures[43]. - The company aims to utilize its proprietary electric vehicle technology to establish strong synergies with EV Power, enhancing the overall value chain in mobility[42]. Financial Performance - Revenue for the year ended December 31, 2024, increased by approximately 21.8% to about HKD 340,200,000, compared to approximately HKD 279,200,000 for the previous year[34]. - The company's gross profit for the year was approximately HKD 15,700,000, with a gross margin of about 4.6%, down from 22.6% in the previous year[35]. - The company reported a net loss attributable to shareholders of approximately HKD 1,538,300,000 for the year, compared to a loss of HKD 860,500,000 in the previous year, indicating a significant increase in losses[39]. - The impairment of goodwill was recognized at approximately HKD 646,100,000, up from HKD 410,200,000 in the previous year, primarily due to increased competition in the mobility industry and global economic uncertainties[37]. - The company confirmed an impairment loss of approximately HKD 201,300,000 for other receivables, which included HKD 165,300,000 for bills receivable and HKD 35,900,000 for consideration receivable[38]. - The total current assets and current liabilities as of December 31, 2024, are approximately HKD 1,549,800,000 and HKD 854,700,000, respectively, compared to HKD 719,300,000 and HKD 524,800,000 as of December 31, 2023[53]. - The group’s cash and cash equivalents amounted to approximately HKD 464,800,000 as of December 31, 2024, a significant increase from HKD 64,300,000 as of December 31, 2023[53]. - The group’s asset-liability ratio as of December 31, 2024, is approximately 0.8%, down from 1.1% as of December 31, 2023[56]. - The group has no write-offs of receivables as of December 31, 2024, indicating effective credit risk management[50]. Share Issuance and Capital Structure - The company completed a share placement on January 24, 2024, issuing 96,130,985 shares at HKD 0.51 each, enhancing its capital structure[21]. - A subsequent share placement on May 13, 2024, involved the issuance of 445,652,177 shares at HKD 0.46 each, further optimizing the company's equity structure[23]. - The company issued HKD 300,000,000 of 5% convertible bonds, with net proceeds of approximately HKD 299,200,000 intended for R&D of supercars and electric vehicles[25]. - The company sold 4,931,588 shares of Divergent Technologies Inc., representing approximately 12.87% of its total issued shares, for a total consideration of $101,533,292.15 (approximately HKD 793,000,000)[24]. - The net proceeds from the sale are expected to be approximately HKD 790,000,000, with around HKD 711,000,000 allocated for R&D of high-performance supercars and electric vehicles[24]. Corporate Governance and Management - The company has complied with the corporate governance code as per the listing rules during the year[128]. - The board of directors includes a mix of executive and independent non-executive directors, ensuring independence and accountability[153]. - The company has established a corporate governance committee to review policies and ensure compliance with legal and regulatory requirements since November 24, 2017[158]. - The audit committee consists of independent non-executive directors, with Li Qiao En appointed as the chairperson effective June 13, 2024[162]. - The company has appointed Mr. Xu Jinying as the executive director and chairman of the board since September 20, 2023[138]. - The company has maintained sufficient public float as per listing rules prior to the report's publication[127]. - The board is committed to maintaining high levels of business integrity and corporate governance practices to enhance shareholder value[150]. Employee and Talent Management - The company aims to attract and retain top talent through the Share Option Scheme, which was designed to incentivize employees and promote business success[103]. - The total employee cost for the year was approximately HKD 48,800,000, down from HKD 66,600,000 in the previous year[65]. - The total employee gender ratio is approximately 2.2:1 (male to female), with efforts to improve female representation in senior positions[173]. - The company aims to provide training and support to enhance the competitiveness of female employees in the traditionally male-dominated automotive industry[173]. Risk Management and Compliance - The company identified various financial and operational risks, particularly related to its operations primarily located in China[77][78]. - The audit committee has reviewed the effectiveness of the company's risk management and internal control systems, confirming their adequacy for the fiscal year ending December 31, 2024[184]. - The company has no internal audit department but considers hiring external professionals for internal audit functions to meet its needs cost-effectively[183]. - The company continues to monitor foreign exchange risks, primarily from sales and purchases in HKD, RMB, EUR, and JPY, without significant operational difficulties anticipated[60].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 340,198,000, an increase from HKD 279,213,000 in the previous year, representing a growth of approximately 21.8%[3] - The cost of sales for the same period was HKD 324,474,000, leading to a gross profit of HKD 15,724,000, compared to a gross profit of HKD 63,147,000 in the prior year, indicating a significant decline in profitability[3] - The net loss for the year was HKD 1,549,092,000, which is a substantial increase from the net loss of HKD 868,976,000 reported in the previous year, reflecting a deterioration in financial performance[5] - The basic loss per share for the year was HKD 180.0 cents, compared to HKD 179.0 cents in the previous year, showing a slight increase in loss per share despite the higher revenue[3] - The total comprehensive loss for the year was HKD 1,642,720,000, significantly higher than HKD 919,580,000 in the previous year, indicating increased financial strain[5] Research and Development - Research and development expenses amounted to HKD 184,619,000, a significant increase compared to HKD 24,773,000 in the previous year, highlighting the company's focus on innovation[3] - The company has paid HKD 93,600,000 (approximately USD 12,000,000) as a "R&D cost deposit" related to a design and development project for a key component of the Apollo supercar[29] - The company has not provided sufficient evidence regarding the deliverables of the design and development project, raising concerns about the accounting treatment of the R&D cost deposit[31] - Approximately HKD 711,000,000 from the net proceeds of the Divergent sale will be allocated for R&D in high-performance supercars and electric vehicles[77] Assets and Liabilities - Non-current assets decreased from HKD 3,200,329 thousand in 2023 to HKD 1,317,321 thousand in 2024, representing a decline of approximately 59%[6] - Current assets increased from HKD 719,340 thousand in 2023 to HKD 1,549,813 thousand in 2024, showing a growth of about 115%[7] - Total liabilities increased from HKD 524,753 thousand in 2023 to HKD 854,699 thousand in 2024, indicating a rise of approximately 63%[7] - The net asset value decreased from HKD 3,341,457 thousand in 2023 to HKD 1,966,761 thousand in 2024, reflecting a decline of around 41%[7] - The company reported a total equity of HKD 1,966,761 thousand in 2024, down from HKD 3,341,457 thousand in 2023, which is a decrease of approximately 41%[7] Market Expansion and Strategy - The company plans to continue its market expansion efforts and invest in new technologies to enhance its competitive position in the industry[2] - The company is focusing on investing more financial resources into core automotive technology solutions to ensure continued growth in a competitive market[33] - The company anticipates continued market expansion and product development in the upcoming fiscal year, although specific financial guidance was not provided[14] Share Capital and Financing - The total issued share capital as of December 31, 2024, was 1,022,438,090 shares, with a par value of HKD 0.01 per share, amounting to HKD 10,224,000 (approximately USD 1,300,000)[26] - The company issued 541,783,000 new shares at a subscription price of HKD 0.46 per share, raising approximately HKD 205,000,000 (approximately USD 26,000,000) before expenses[26] - The group completed the sale of Divergent preferred shares for a total consideration of USD 101,533,292.15 (approximately HKD 793,000,000), representing about 12.87% of Divergent's issued shares[77] Auditor and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, reflecting a commitment to transparency and compliance[9] - The independent auditor's report indicates that the financial statements reflect the group's financial position as of December 31, 2024, in accordance with Hong Kong Financial Reporting Standards[28] - The group has adopted revised Hong Kong Financial Reporting Standards this year, which did not impact its financial position or performance[12] Employee and Operational Costs - Employee costs for the year amounted to approximately HKD 48,800,000, a decrease from HKD 66,600,000 in the previous year[80] - The group had a total of 43 employees as of December 31, 2024, compared to 42 employees as of December 31, 2023[80] Market Trends and Projections - The global top-tier supercar market is projected to grow from $19.16 billion in 2023 to $25.6 billion in 2024, representing a year-over-year increase of 33.6%[34] - The luxury car market is forecasted to grow from $582.19 billion in 2023 to $623.9 billion in 2024, reflecting a year-over-year growth of 7.2%[37] - The global new energy vehicle market is projected to reach approximately $1,328.08 billion in 2024, with a compound annual growth rate (CAGR) of 32.5% from 2025 to 2030[39] Corporate Governance - The board includes two executive directors and three independent non-executive directors, ensuring a diverse governance structure[91] - The company does not plan to declare any final dividends for the current year, consistent with the previous year[74]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 126,235 thousand, a slight decrease of 1.05% compared to HKD 127,571 thousand for the same period in 2023[2] - Gross profit for the same period was HKD 12,310 thousand, down 43.5% from HKD 21,771 thousand in 2023[2] - The net loss for the six months ended June 30, 2024, was HKD 347,895 thousand, compared to a net loss of HKD 82,438 thousand in 2023, representing a significant increase in losses[3] - Total comprehensive loss for the period was HKD 417,027 thousand, compared to HKD 162,428 thousand in the previous year, indicating a worsening financial position[3] - The company reported a basic loss per share of HKD 50.14 for the six months ended June 30, 2024, compared to HKD 16.10 for the same period in 2023[2] - The total adjusted loss before tax for the group was HKD (348,606) thousand, compared to HKD (62,459) thousand in the previous year[39] - The company reported a pre-tax loss of HKD 351,994,000 for the six months ended June 30, 2024, compared to a loss of HKD 91,475,000 for the same period in 2023[59] - The company incurred total finance costs of HKD 2,072,000 for the six months ended June 30, 2024, down from HKD 9,577,000 in the same period of 2023[51] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 2,900,773 thousand, down from HKD 3,200,329 thousand as of December 31, 2023[7] - Current assets increased to HKD 873,171 thousand from HKD 719,340 thousand, reflecting improved liquidity[7] - Current liabilities rose to HKD 538,083 thousand from HKD 524,753 thousand, indicating a slight increase in short-term obligations[8] - The company's equity attributable to owners was HKD 3,199,575 thousand, down from HKD 3,363,213 thousand at the end of 2023[10] - The company’s total liabilities included a significant portion classified as current or non-current liabilities, reflecting ongoing financial obligations[22] Cash Flow and Financing - The company reported a net cash flow from operating activities of HKD (4,590) thousand for the six months ended June 30, 2024, compared to HKD (29,894) thousand in the same period last year[21] - The financing activities generated a net cash flow of HKD 110,126 thousand, a significant increase from HKD (14,013) thousand in the previous year[21] - The total cash and cash equivalents at the end of the period amounted to HKD 193,216 thousand, up from HKD 102,645 thousand year-over-year[21] - The company issued shares resulting in proceeds of HKD 215,027 thousand during the reporting period[21] Revenue Segmentation - Revenue from the mobility technology solutions segment was HKD 37,457 thousand, significantly up from HKD 3,604 thousand in the previous year, representing an increase of 938%[40] - Revenue from jewelry products, watches, and other goods was HKD 84,923 thousand, down 18% from HKD 103,245 thousand in the same period of 2023[40] - The adjusted loss before tax for the mobility technology solutions segment was HKD (225,705) thousand, while the jewelry products segment reported an adjusted loss before tax of HKD (9,668) thousand[35] Investments and Market Strategy - The company has made investments in property, plant, and equipment, with cash outflows for these activities amounting to HKD 32,347 thousand[21] - The company is focused on expanding its market presence, particularly in mainland China and Japan, with reported revenues of HKD 84,923 thousand and HKD 20,807 thousand respectively from these regions[42] - The company has agreed to sell 4,931,588 shares of preferred stock in Divergent Technologies Inc., representing approximately 12.87% of Divergent's issued shares, for a total consideration of $101,533,292.15 (approximately HKD 793 million)[94] Corporate Governance and Management - The company has complied with the corporate governance code as per the listing rules for the six months ended June 30, 2024[169] - The audit committee has been established to assist the board in financial monitoring and risk management, comprising three members[172] - The company has experienced a change in board members, with Mr. He Jingfeng resigning effective September 20, 2023, and Mr. Li Ju resigning effective October 31, 2023[151] Stock Options and Employee Compensation - The company has granted stock options totaling 23,999,400, with 14,725,000 options exercised, leaving 9,274,400 options available[147] - The total equity held by the directors and executives is detailed in the report, reflecting their commitment to the company's performance[139] - The 2023 Share Option Scheme was adopted on June 30, 2023, and aims to provide eligible participants with the opportunity to own equity in the company, thereby incentivizing better contributions to the group's performance and growth[153] Market Trends and Projections - The global luxury car market is projected to grow from approximately $582.19 billion in 2023 to about $632.8 billion in 2024, with a compound annual growth rate (CAGR) of 8.7%[99] - The top supercar market is expected to increase from around $19.16 billion in 2023 to approximately $25.6 billion in 2024, reflecting a CAGR of 33.6%[97] - The global electric vehicle sales reached over 3 million units in Q1 2024, marking a year-on-year growth of 25%, with China contributing nearly 1.9 million units sold, a 35% increase from the previous year[102]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 126,235,000, compared to HKD 127,571,000 for the same period in 2023, representing a slight decrease of 1.05%[2] - The gross profit for the period was HKD 12,310,000, a significant decline from HKD 21,771,000 in the previous year, indicating a drop of 43.06%[2] - The net loss for the period was HKD 347,895,000, compared to a net loss of HKD 82,438,000 in the same period last year, reflecting an increase in losses of 322.73%[2][4] - The total comprehensive loss for the period amounted to HKD 417,027,000, compared to HKD 162,428,000 in the previous year, marking an increase of 156.80%[3] - The company reported a basic loss per share of HKD 50.14, compared to HKD 16.10 in the previous year, representing an increase in loss per share of 211.68%[2] - The group reported a pre-tax loss of HKD 189,836,000 for the six months ended June 30, 2024, compared to a loss of HKD 35,891,000 for the same period in 2023[13] - The basic loss per share attributable to ordinary equity holders was HKD (343,241,000) for the six months ended June 30, 2024, compared to HKD (77,404,000) for the same period in 2023[18] - The group reported a net impairment reversal of accounts receivable amounting to HKD (48,000) for the six months ended June 30, 2024[13] - The group experienced a significant increase in the cost of goods sold, which impacted overall financial performance[13] - The group’s gross profit for the period was approximately HKD 12,300,000, down from HKD 21,800,000 in the previous interim period, resulting in a gross profit margin decrease to about 9.8% from 17.1%[43] - The net loss attributable to shareholders was approximately HKD 343,200,000, compared to a loss of HKD 77,400,000 in the previous interim period[44] Revenue Breakdown - Revenue from customer contracts, including sales of vehicles and related parts, was HKD 122,380,000, compared to HKD 106,849,000 in the previous year, reflecting an increase of 14.5%[12] - Interest income from loan financing was HKD 3,855,000, significantly down from HKD 20,722,000 in the same period last year, indicating a decrease of 81.6%[12] - Revenue from outbound services was HKD 37.5 million, while sales of jewelry products, watches, and other goods generated approximately HKD 84.9 million, down from HKD 103.2 million in the previous period[42] Assets and Liabilities - The company's cash and cash equivalents increased to HKD 200,705,000 from HKD 64,289,000, showing a growth of 212.51%[5][6] - Non-current assets decreased to HKD 2,900,773,000 from HKD 3,200,329,000, a decline of 9.36%[5] - Current liabilities totaled HKD 538,083,000, slightly up from HKD 524,753,000, indicating an increase of 2.43%[6] - The company's equity attributable to owners was HKD 3,199,575,000, down from HKD 3,363,213,000, reflecting a decrease of 4.87%[6] - Accounts receivable decreased to HKD 6,411 million as of June 30, 2024, compared to HKD 1,844 million as of December 31, 2023, indicating a significant increase[20] - Accounts payable increased to HKD 140,537 million as of June 30, 2024, up from HKD 101,379 million as of December 31, 2023, reflecting a substantial rise[22] - Current assets totaled approximately HKD 873,200,000 and current liabilities were about HKD 538,100,000, compared to HKD 719,300,000 and HKD 524,800,000 respectively at the end of 2023[47] - The group’s interest-bearing bank borrowings amounted to approximately HKD 17,400,000 as of June 30, 2024, down from HKD 37,800,000 as of December 31, 2023[49] - The asset-to-liability ratio was approximately 0.5% as of June 30, 2024, compared to 1.1% as of December 31, 2023[49] Share Capital and Dividends - The total issued share capital reached 1,022,438,090 shares as of June 30, 2024, compared to 480,654,928 shares as of December 31, 2023[23] - The company issued 541,783,000 new shares in January 2024, raising approximately HKD 5,417 million[24] - The company does not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with no dividend declared for the same period in 2023[15] - The company has not declared any interim dividends for the period ending June 30, 2024, consistent with the previous year[61] Market Trends and Projections - The global top-tier supercar market is projected to grow from approximately USD 19.16 billion in 2023 to about USD 25.6 billion in 2024, with a compound annual growth rate of 33.6%[26] - The global luxury car market is projected to grow from approximately $582.19 billion in 2023 to about $632.8 billion in 2024, with a compound annual growth rate (CAGR) of 8.7% and 7.7% through 2028[28] - By 2031, China is expected to become the fastest-growing market for luxury and ultra-luxury cars, with a projected CAGR of around 13%, capturing approximately 30-35% of the global market share[28] - In 2023, China's luxury car brand sales increased by approximately 24.5% year-on-year, reaching 4.39 million units[28] - The average selling price of luxury cars in China rose to RMB 631,000 in May 2024, surpassing the average spending in the mass market[28] - From 2024 to 2026, the sales value of China's luxury car industry is expected to reach approximately RMB 1.18 trillion in 2024, RMB 1.25 trillion in 2025, and RMB 1.32 trillion in 2026[29] - In Q1 2024, global electric vehicle sales reached over 3 million units, marking a 25% year-on-year increase, with China contributing nearly 1.9 million units, a 35% increase from the previous year[30] - The market share of new energy vehicles in China is approximately 35.2%, with expectations of reaching 11.5 million units sold in 2024[30] - By 2035, electric vehicles are expected to account for two-thirds of all new car sales, driven by increasing demand for environmentally sustainable transportation solutions[39] Company Strategy and Operations - The company’s operational focus includes the design, development, and prototype manufacturing of automotive parts and related products[12] - The company is actively developing the Apollo EV, a luxury electric vehicle aimed at high-performance customers transitioning from traditional supercars[33] - The group is focusing on developing luxury electric vehicles, integrating the Apollo brand's characteristics of lightweight structure and high performance[40] - The group plans to participate in various renowned international events in the second half of 2024 to enhance market interest and consumer engagement[39] - The group aims to optimize its capital structure to ensure sustainable operations and maximize returns for shareholders[50] - The company aims to maintain strict control over overdue accounts to minimize credit risk, with overdue balances reviewed regularly by senior management[20] - The company does not hold any collateral for its accounts receivable and has not taken other credit enhancement measures[20] - The company has completed two rounds of share placements in January and May 2024, issuing a total of 541,783,162 new shares, raising approximately HKD 254 million for debt repayment and R&D support[36] Corporate Governance and Compliance - The company has maintained consistent accounting policies in line with the Hong Kong Financial Reporting Standards, with no significant impact on financial performance from recent amendments[9] - The financial data presented is unaudited and should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2023[8] - The company has complied with the corporate governance code as per the listing rules[58] - The audit committee has reviewed and discussed the interim results for the period ending June 30, 2024[60] - The company has not engaged in any purchases, sales, or redemptions of its own securities during the period[57] - There were no significant acquisitions or disposals of subsidiaries, joint ventures, or associates during the period[52] - The company continues to monitor foreign exchange risks but does not anticipate severe operational difficulties or liquidity issues due to currency fluctuations[51] - There are no specific plans for major investments or capital assets disclosed as of June 30, 2024[54]