格隆汇8月18日丨APOLLO出行(00860.HK)宣布，本公司将于2025年8月29日在本公司的香港主要办事处 举行董事会会议，藉以（其中包括）批准本公司及其附属公司截至2025年6月30日止六个月的中期业绩 公布及考虑派付中期股息（如有）。 ...

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]

Market Overview - The global luxury car market was valued at approximately $483.84 billion in 2023, projected to grow to $744.20 billion by 2032, with a CAGR of 4.9% from 2024 to 2032[6]. - The global top supercar market is expected to grow from $19.16 billion in 2023 to $25.6 billion in 2024, with a CAGR of 33.6% driven by advanced technology and high-net-worth consumer demand[5]. - In 2023, global deliveries of pure electric vehicles and plug-in hybrid electric vehicles reached 14.2 million units, a year-on-year increase of 35%, with 10 million being pure electric vehicles[7]. - China maintained its position as the largest electric vehicle market globally, with sales reaching 8.4 million units, accounting for 59% of global sales[9]. Product Development - The Apollo IE flagship supercar features a naturally aspirated V12 engine and a lightweight carbon fiber body, emphasizing performance and aesthetic design[11]. - The upcoming Apollo EVO supercar is set to redefine high-performance vehicles with its advanced carbon fiber monocoque structure and exceptional handling capabilities, expected to open for pre-orders next year[12]. - The company continues to develop top supercars and luxury electric vehicles to strengthen its leading position in the luxury mobility industry[10]. - The company is actively expanding into the luxury electric vehicle market, planning to develop a new model that emphasizes luxury, technology, and sustainability[17]. Strategic Partnerships and Initiatives - The company entered a strategic partnership with Guangzhou Juyuan Technology to develop and apply ultra-fast charging (XFC) battery systems, aiming to enhance the luxury electric vehicle market[22]. - Apollo's subsidiary GLM Co., Ltd continues to provide extensive mobility development and engineering services, being Japan's first company to obtain an electric vehicle production license[19]. - The company is collaborating with GLM's expert team in Japan to develop promising mobility and platform engineering service projects to meet specific customer needs[31]. Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue decreased by approximately 64.0% to about HKD 279.2 million, compared to HKD 774.9 million for the fifteen months ending December 31, 2022[34]. - The revenue from the mobility services segment was approximately HKD 14.2 million, down from HKD 218.8 million for the previous period, primarily due to the ongoing development of the next-generation supercar[34]. - The gross profit for the year was approximately HKD 63.1 million, with a gross profit margin increasing to about 22.6% from 20.6% in the previous period[35]. - The company recorded a net profit attributable to shareholders of approximately HKD 263.5 million, reversing from a loss of HKD 860.5 million in the previous period[36]. Operational Changes - The company has strategically sold several subsidiaries during the year, contributing to a 41.5% reduction in general and administrative expenses to approximately HKD 161 million[35]. - The company completed the sale of Ideenion for a total consideration of EUR 15 million (approximately HKD 124.35 million) on February 22, 2023[63]. - The company agreed to sell Shengda Holdings for a total consideration of HKD 408 million, which was completed on July 31, 2023[65]. - The company announced the termination of the acquisition of WM Motor Global Investment Limited, citing global market volatility and geopolitical conflicts as key factors[27]. Governance and Management - New management appointments were made to strengthen the company's leadership and strategic direction in the mobility industry[25]. - The company has established an audit committee to assist the board in providing independent opinions on financial control, internal monitoring, and risk management systems[153]. - The company has a strong governance structure with independent non-executive directors overseeing various committees, ensuring accountability and transparency[162][164]. - The board is responsible for leading and controlling the group, overseeing overall strategy, policy, and performance evaluation[177]. Risk Management - The group continues to monitor foreign exchange risks, primarily from sales and purchases denominated in HKD, RMB, EUR, and JPY, and does not anticipate significant operational difficulties from currency fluctuations[62]. - The lending division recognized an expected credit loss provision of approximately HKD 7,940,000 against total receivables of about HKD 193,692,000, reflecting an increase of approximately 63.1% from HKD 4,867,000 as of December 31, 2022[49]. - The lending division has maintained strict internal controls to minimize credit risk, including regular monitoring of loan recoverability and borrower status[51]. Employee and Shareholder Relations - The company aims to maintain strong relationships with employees, customers, and business partners, emphasizing competitive compensation and training opportunities[86]. - The gender ratio of the group's total employees, including senior management, is approximately 2.2:1 (male to female) as of December 31, 2023[198]. - The compensation range for board members and senior management includes four individuals earning between HKD 3,500,001 and HKD 4,000,000[190]. Future Outlook - The company is focused on expanding its market presence and developing new products and technologies to drive future growth[157][158]. - The company aims to consolidate its position as a leading provider of mobility technology solutions and is focusing on developing proprietary future mobility technologies[110].

Financial Performance - For the fiscal year ending December 31, 2023, total revenue reached HKD 774,888,000, a significant increase from HKD 279,213,000 in the previous 15-month period, representing a growth of approximately 177%[3] - Gross profit for the year was HKD 159,709,000, compared to HKD 63,147,000 in the previous period, indicating a gross margin improvement[3] - The company reported a net loss of HKD 266,359,000 for the year, a decrease from a net loss of HKD 868,976,000 in the previous period, reflecting a reduction in losses by approximately 69%[3] - Basic earnings per share for the year were reported at HKD (179.0), compared to HKD 61.9 cents in the previous period, showing a significant decline in earnings per share[3] - The company reported a total comprehensive loss of HKD 919,580,000 for the year ended December 31, 2023, compared to a loss of HKD 66,129,000 in the previous year, indicating a significant increase in losses[4] - The company experienced a net loss attributable to shareholders of HKD 912,234,000, compared to a loss of HKD 63,181,000 in the prior year, highlighting a worsening financial position[4] - The company reported a profit attributable to shareholders of approximately HKD 263,500,000 for the year ending December 31, 2023, reversing a loss of HKD 860,500,000 from the previous period[76] Operational Expenses - Research and development expenses totaled HKD 55,478,000, up from HKD 24,773,000 in the previous period, indicating an increase in investment in innovation[3] - The company incurred selling and administrative expenses of HKD 19,490,000, compared to HKD 10,959,000 previously, reflecting a rise in operational costs[3] - The company recorded a significant impairment loss on goodwill amounting to HKD 410,210,000, compared to HKD 107,824,000 in the previous period[21] - The group reported a pre-tax loss of HKD 72,691,000 for the current period, compared to a loss of HKD 439,252,000 in the previous period, showing an improvement of 83%[21] Strategic Focus and Future Guidance - The company aims to expand its market presence and is focusing on new product development as part of its growth strategy[2] - Future guidance indicates a continued focus on improving operational efficiency and reducing net losses in the upcoming fiscal year[2] - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[2] - The financial results indicate a need for strategic reassessment and potential market expansion to recover from the losses incurred[4] - The company is focusing on new product development and technology advancements to enhance future performance[4] - The group is actively exploring the luxury electric vehicle market, demonstrating a commitment to continuous innovation and sustainable development[70] Asset Management and Liabilities - Non-current assets decreased from HKD 3,593,315 thousand in 2022 to HKD 3,200,329 thousand in 2023, representing a decline of approximately 10.9%[6] - Current assets decreased from HKD 1,340,514 thousand in 2022 to HKD 719,340 thousand in 2023, indicating a reduction of about 46.4%[6] - The company's total assets decreased to HKD 3,394,916,000 from HKD 4,314,939,000, indicating a decline of about 21.3% year-over-year[7] - The total liabilities and equity structure indicates a significant shift in asset management strategies[6] - As of December 31, 2023, total current liabilities amounted to HKD 524,753,000, a decrease from HKD 618,890,000 in the previous year, representing a reduction of approximately 15.2%[7] Share Capital and Corporate Governance - The company executed a share consolidation, merging every twenty shares with a par value of HKD 0.1 into one share with a par value of HKD 2.0, effective December 14, 2023[38] - The company reported a total issued share capital of 480,655,000 shares as of December 31, 2023, down from 9,613,099,000 shares due to the share consolidation[37] - The company’s share capital was reduced from HKD 2.00 to HKD 0.01 per share due to the consolidation, impacting the total issued share capital[38] - The company has complied with the corporate governance code as per the listing rules during the year[112] - The Audit Committee has been established with four independent non-executive directors, including the chairman Zhang Zhenming[115] Market Trends and Industry Insights - The global top-tier supercar market is expected to grow from approximately $19.16 billion in 2023 to $25.6 billion in 2024, with a compound annual growth rate (CAGR) of 33.6% driven by advanced technology and high-net-worth consumer demand[41] - The global luxury car market was valued at $483.84 billion in 2023 and is projected to reach $744.20 billion by 2032, with a CAGR of 4.9% from 2024 to 2032, fueled by technological advancements and increased disposable income[42] - In 2023, global deliveries of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) reached 14.2 million units, representing a year-over-year growth of 35%, with 10 million being BEVs and 4.2 million being PHEVs[44] - China maintained its position as the largest electric vehicle market globally for nine consecutive years, with sales reaching 8.4 million units, accounting for 59% of global sales[45] Corporate Transactions and Developments - The company completed the sale of Ideenion Group for a total consideration of €15,000,000, approximately HKD 124,350,000, with recognized revenue of HKD 6,590,000 for the year ending December 31, 2023[40] - The company also completed the sale of Sheng Da Hang Limited for a total consideration of HKD 408,000,000, with recognized revenue of HKD 18,163,000 for the year ending December 31, 2023[40] - The company entered into an agreement to acquire WM Motor for US$2,023,270,000 (approximately HKD 15,853,710,000), which constitutes a very significant acquisition under the listing rules[93] - The acquisition agreement for WM Motor was terminated on September 8, 2023, due to global market volatility and geopolitical conflicts[95] Employee and Operational Changes - As of December 31, 2023, the total number of employees was 42, down from 139 on December 31, 2022, with employee costs amounting to approximately HKD 66.6 million for the year[101] - The company has no significant future investment or capital asset plans beyond what has been disclosed[102]

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之有限公司） （股份代號：860） 有關截至二零二二年十二月三十一日止十五個月 年報之補充資料 茲提述Apollo智慧出行集團有限公司（「本公司」，連同其附屬公司，統 稱「本集團」）於二零二三年四月二十七日刊發截至二零二二年十二月 三十一日止十五個月之年報（「年報」）。除非文義另有所指，否則本公 佈所用詞彙與年報內所界定者具有相同涵義。 本公司謹為年報補充以下有關本集團借貸業務之資料。 借貸業務 ...