導致該等業績主要是由於銷售收入壓力因素。儘管預期將錄得虧損，本集團財務狀況依 然保持穩固和健全。 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，並明確表示概不就因本公佈全部或任何部份內容而產生或因依賴該等內容而引致之任何 損失承擔任何責任。 DATRONIX HOLDINGS LIMITED 連達科技控股有限公司* ( 於百慕達註冊成立之有限公司 ) ( 股份代號： 889) 盈利警告 本公佈乃連達科技控股有限公司（「本公司」， 連同其附屬公司統稱「本集團」）根據香 港聯合交易所有限公司證券上市規則（「上市規則」）第 13.09 條及期貨條例 ( 香港法例 第 571 章 ) 第 XIVA 部內幕消息條文而發出。 d 根據本集團內部未經審核的管理賬目而作出之初步評估，本公司董事會「董事會」謹此 知會本公司各股東及準投資者，預期本集團截至 2025 年 6 月 30 日止 6 個月將錄得本公 司股東應佔虧損多於 6,000,000 港元，相對截至 2024 年同期的淨虧損為 15,000,000 港元。 本公佈內所載的資料由本公司管理層對目前掌握的 ...

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 FF301 II. 已發行股份及/或庫存股份變動 公司名稱: 連達科技控股有限公司 呈交日期: 2025年8月1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) | 00889 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底 ...

Group 1 - The company, Lian Da Technology Holdings (00889.HK), will hold a board meeting on August 13, 2025, at its office located at 499 King's Road, North Point, Hong Kong [1] - The board will approve the interim results for the six months ending June 30, 2025, and consider the distribution of an interim dividend, if applicable [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，並明確表示概不就因本公佈全部或任何部份內容而產生或因依賴該等內容而引 致之任何損失承擔任何責任。 DATRONIX HOLDINGS LIMITED 連達科技控股有限公司* d （於百慕達註冊成立之有限公司） （股份代號： 889 ） 董事會召開日期 連達科技控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將 於2025年8月13日（星期三）假座香港北角英皇道499號北角工業大廈19樓舉行董事 會會議。董事會將於會上通過議案，以（其中包括）批准本公司及其附屬公司截至 2025年6月30日止6個月的中期業績及其發佈，以及考慮派發中期股息(如適用)。 承 董 事 會 命 主席 蕭佑忠 香港，2025年7月31日 截至本公佈日期，本公司董事會成員包括執行董事蕭佑忠先生（主席）、徐惠美女 士（副主席）、商承輝先生及蕭蓮娜女士，以及獨立非執行董事李傑華先生、黃華 生先生及溫捷基先生。 * 僅供識別 ...

Financial Performance - Revenue for the full year 2024 reached HK$262.4 million, a 7.2% increase from HK$243.6 million in 2023[55] - Gross profit for the full year 2024 was HK$85.4 million, representing a gross margin of 32.5% compared to 30.8% in 2023[55] - The profit attributable to owners of the company for 2024 was HK$3.8 million, a significant recovery from a loss of HK$6.9 million in 2023[57] - Earnings per share for 2024 improved to HK$1.2 cents, up from a loss of HK$7.6 cents in 2023[59] - Net assets increased to HK$865.6 million in 2024, compared to HK$754.6 million in 2023, reflecting a growth of 14.7%[61] Revenue Breakdown - Datronix reported revenue of HK$183.0 million for 2024, a decrease of 17.7% from HK$222.4 million in 2023[76] - The communication segment generated HK$38.7 million in 2024, down 14% from HK$45.1 million in 2023, contributing 21% of total revenue[79] - Data processing segment sales were HK$26.3 million in 2024, a decrease of 37% from 2023, contributing 14% of total revenue[80] - Industrial application segment sales were HK$61.4 million in 2024, down 13% from HK$70.4 million in 2023, contributing 34% of total revenue[84] - High precision and reliability segment reported sales of HK$56.6 million in 2024, a decrease of 13% from HK$65.2 million in 2023, contributing 31% of total revenue[85] Financial Position - As of December 31, 2024, Datronix had a cash balance of HK$141.7 million and no bank loans[78] - The Group's total equity amounted to approximately HK$754.6 million, a decrease from HK$813.3 million in 2023[98] - The Group's cash and cash equivalents were approximately HK$141.7 million as of December 31, 2024, compared to HK$145.2 million in 2023[98] - The Group had no bank loans or other borrowings as of December 31, 2024, indicating a strong financial position[98] Operational Strategy - The Group plans to focus on core competencies, streamline operations, and diversify revenue streams to adapt to market changes[87] - The Group employs approximately 720 personnel globally, with 80 in Hong Kong, 360 in the PRC, and 280 overseas as of December 31, 2024[99] - The Group has implemented a competitive remuneration policy based on business performance and market practices[100] - The Group has a staff education sponsorship program and provides training courses related to operational systems and product safety[99] - The Group's management regularly reviews employee remuneration packages to ensure competitiveness[100] Shareholder Information - The Group does not recommend the payment of a final dividend for 2024, consistent with 2023[137] - The Company has adopted a dividend policy that considers factors such as current and future operations, financial performance, and liquidity position[138] - The Group's reserves available for distribution to shareholders at the end of the reporting period were HK$83,206,000, with accumulated losses of HK$76,997,000[175] Corporate Governance - The Company has a senior management team with extensive experience in operations management, finance, and manufacturing[121][122][123] - The Company has been actively involved in corporate governance with independent non-executive directors overseeing key committees[126] - The Group's operations are subject to various risks and uncertainties that may affect business performance, including cyclical market conditions and compliance with government regulations[154] - The Group has complied with applicable laws and regulations that significantly impact its operations during the year[164] Management and Leadership - Mr. Siu Ronald was appointed as Chairman of the Board and Chief Executive Officer effective August 21, 2024[190] - Ms. Siu Nina Margaret was appointed as an Authorised Representative of the Company effective August 21, 2024[190] Miscellaneous - During the year, the Group made charitable and other donations amounting to HK$1,293,000, compared to zero in 2023[172] - There were no significant events affecting the Group after the year ended December 31, 2024[153] - The Company cannot declare or pay a dividend if it is unable to pay its liabilities as they become due or if the realizable value of its assets is less than the aggregate of its liabilities and share capital[175]

Financial Performance - For the year ended December 31, 2024, the total revenue was HK$182,963,000, a decrease of 17.8% compared to HK$222,427,000 in 2023[3] - The gross profit for 2024 was HK$53,329,000, down 27.7% from HK$73,733,000 in 2023[3] - The net loss attributable to the company for 2024 was HK$51,255,000, compared to a net loss of HK$24,227,000 in 2023, representing an increase in loss of 111.5%[5] - The total comprehensive loss for the year was HK$58,636,000, compared to HK$36,996,000 in 2023, indicating a 58.3% increase in comprehensive loss[5] - The basic and diluted loss per share for 2024 was HK$0.160, compared to HK$0.076 in 2023, reflecting a 110.5% increase in loss per share[5] - Operating loss for 2024 was HKD 51.6 million, compared to an operating loss of HKD 23.7 million in 2023[42] - Net loss for 2024 was HKD 51.3 million, compared to a net loss of HKD 24.2 million in 2023[42] Assets and Equity - The company's total assets decreased to HK$816,342,000 in 2024 from HK$877,676,000 in 2023, a decline of 7%[7] - Current assets decreased to HK$256,335,000 in 2024 from HK$272,031,000 in 2023, a reduction of 5.8%[7] - The company's cash and cash equivalents were HK$141,733,000 in 2024, down from HK$145,176,000 in 2023, a decrease of 2.5%[7] - The total equity decreased to HK$754,646,000 in 2024 from HK$813,282,000 in 2023, a decline of 7.2%[8] - The total amount of non-current assets decreased to HKD 560,007,000 in 2024 from HKD 605,345,000 in 2023, a reduction of 7.5%[doc id='18'] - Cash and cash equivalents as of December 31, 2024, were HKD 141.7 million, with no bank debt issued[43] Revenue Sources - Major customers contributed HKD 95,480,000 to total revenue in 2024, up from HKD 75,103,000 in 2023, indicating a growth of 27.1%[23] - Bank interest income increased to HKD 3,920,000 in 2024 from HKD 3,072,000 in 2023, reflecting a rise of 27.7%[24] - The company’s total sales in the United States decreased to HKD 156,942,000 in 2024 from HKD 189,534,000 in 2023, a decline of 17.2%[18] - The company’s total sales in the European Union increased to HKD 3,801,000 in 2024 from HKD 2,913,000 in 2023, a growth of 30.4%[18] - The company’s total sales in other countries decreased to HKD 11,200,000 in 2024 from HKD 18,395,000 in 2023, a decline of 39.2%[18] Segment Performance - The communications segment reported sales of HKD 38.7 million in 2024, down 14% from HKD 45.1 million in 2023[44] - The data processing segment's sales were HKD 26.3 million in 2024, a decrease of 37% from the previous year[45] - Sales in the industrial applications segment were HKD 61.4 million in 2024, down 13% from HKD 70.4 million in 2023[46] - The high-reliability products segment reported sales of HKD 56.6 million in 2024, a decrease of 13% from HKD 65.2 million in 2023[47] Strategic Focus - The company plans to focus on core competencies, streamline operations, and diversify revenue sources to navigate economic challenges[49] Governance - The board of directors includes executive directors Mr. Hsiao Yu-Chung (Chairman), Ms. Hsu Hui-Mei (Vice Chairman), Mr. Shang Cheng-Hui, and Ms. Hsiao Lien-Na, along with independent non-executive directors Mr. Chung Pui-Lam, Mr. Lee Kit-Wah, and Mr. Wong Wah-Sang[66] Dividends - The company did not declare a final dividend for the year ending December 31, 2024, consistent with no interim dividend declared in 2023[36]

Customer Base and Market Focus - The Group's customer base exceeds 300, including manufacturers in telecommunications, data processing, technology, automotive, and medical equipment sectors[5] - The Group focuses on the high-end segment of the magnetics industry, offering both customized and standard magnetic components[5] - The Company designs and manufactures a variety of magnetic components, including transformers, inductors, and magnetics for medical devices[9] - The Group's products are utilized in advanced electronic equipment across various markets, including telecommunications, industrial equipment, and medical devices[11] - The Group's manufacturing capabilities are tailored to meet specific customer requirements, ensuring high levels of customization[5] Quality and Innovation - The Group's products meet or exceed multiple performance and safety standards, including IATF: 16949 and ISO9001[11] - The Group's world-class design and manufacturing capabilities provide a competitive advantage in delivering customized solutions[6] - The Company emphasizes the importance of quality, service, and value in its customer relationships, as evidenced by numerous awards received[2] - The Company is committed to innovation and development in the magnetics sector, focusing on energy savings and power conversion applications[9] Financial Performance - Datronix reported revenue of HK$96.8 million for the first half of 2024, down 12% from HK$110.2 million in the same period of 2023[15] - The gross margin for the first six months of 2024 was 26.5%, a slight decrease from 27.4% in the comparable period of 2023[15] - The operating loss for the first half of 2024 was HK$13.3 million, an increase of 7% compared to the same period in 2023[16] - The net loss for the first half of 2024 was HK$15.1 million, an increase of HK$1.1 million from the same period of 2023[16] - The communication segment contributed HK$18.9 million in sales, a decrease of 14% compared to HK$21.9 million in the same period of 2023[17] - The data processing segment reported sales of HK$16.8 million, down 22% from HK$21.6 million in the first half of 2023[17] - The industrial application segment sales were HK$32.2 million, a decrease of 5% compared to HK$34.0 million in the same period of 2023[17] - The High Precision and Reliability Segment reported sales of HK$28.9 million for the first half of 2024, down from HK$32.7 million in the same period of 2023, contributing 30% of total sales[19] - Group sales for the six months ended 30 June 2024 were HK$96.8 million, a decrease of 12% compared to HK$110.2 million in the same period of 2023[19] - Gross profit for the first half of 2024 was HK$25.7 million, down from HK$30.3 million in the first half of 2023, with a gross margin decrease from 27.4% to 26.5%[19] - The operating loss increased to HK$13.3 million in the first half of 2024 from a loss of HK$12.4 million in the same period of 2023[19] - Net loss for the first half of 2024 was HK$15.1 million, compared to a net loss of HK$14.0 million for the same period in 2023[19] Cash Flow and Assets - The cash balance as of June 30, 2024, was HK$154.8 million, with no bank loans issued[16] - As of 30 June 2024, total equity was approximately HK$792.1 million, down from HK$813.3 million as of 31 December 2023[19] - Cash and cash equivalents amounted to approximately HK$154.8 million as of June 30, 2024, compared to HK$145.2 million as of 31 December 2023[19] - The company reported a net cash inflow from operating activities of HK$16,430,000 for the six months ended June 30, 2024, compared to HK$11,248,000 for the same period in 2023, reflecting an increase of approximately 46.5%[27] - Cash and cash equivalents at the end of the period were HK$154,792,000, up from HK$145,176,000 at the beginning of the period, marking an increase of about 6.4%[27] - The company reported a net cash used in investing activities of HK$5,860,000 for the six months ended June 30, 2024, compared to HK$4,160,000 for the same period in 2023, indicating an increase of about 40.8%[27] - Total assets less current liabilities amounted to HK$832,720,000, a decrease from HK$854,706,000 as of December 31, 2023, representing a decline of approximately 2.8%[22] - Net current assets as of June 30, 2024, were HK$233,324,000, down from HK$249,361,000 at the end of 2023, indicating a decrease of about 6.4%[22] Corporate Governance and Management - The Company has complied with the Corporate Governance Code throughout the accounting period, with some deviations noted[53] - Mr. Siu Paul Y. serves as both Chairman and Chief Executive Officer, which is a deviation from the Corporate Governance Code[53] - The audit committee reviewed the unaudited interim results and discussed the financial reporting process and internal control system of the Group[53] - There were no changes in directors' information since the 2023 annual report, except for Mr. Chung Pui Lam's retirement as an independent non-executive director[56] - All directors confirmed compliance with the Model Code for Securities Transactions throughout the review period[55] - Mr. Zhong Peilin resigned as an independent non-executive director of Java Holdings Limited, effective from May 24, 2024[57] - No other changes to director information have been disclosed since the company's 2023 annual report[57] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, same as in 2023[41] - The Company does not recommend the payment of an interim dividend for the six months ended June 30, 2024, compared to nil in 2023[51] - As of June 30, 2024, the total shares held by Mr. Siu Paul Y. in the Company amounted to 231,412,000 ordinary shares[48] - The Company has not been notified of any substantial shareholders other than directors or chief executives as of June 30, 2024[51] - No purchases, sales, or redemptions of the Company's listed securities were made during the six months ended June 30, 2024[51] Revenue and Taxation - The Group's revenue for the six months ended June 30, 2024, was HK$96,438,000, a decrease of 12.3% compared to HK$109,930,000 for the same period in 2023[36] - Revenue from the United States was HK$84,621,000, down 11.5% from HK$95,557,000 in the previous year[36] - The Group's geographical revenue breakdown shows that revenue from the PRC was HK$5,261,000, up 12.2% from HK$4,690,000 in 2023[36] - The Group reported a loss before income tax expense of HK$5,000,000 for the six months ended June 30, 2024, compared to a loss of HK$3,000,000 in the same period of 2023[37] - Current tax provision for the period was HK$1,748,000, an increase from HK$1,559,000 in the previous year[38] - The company reported a loss before income tax expense of HK$13,315,000 for the six months ended June 30, 2024, compared to a loss of HK$12,419,000 for the same period in 2023[40] - The income tax expense for the period was HK$1,748,000, an increase from HK$1,559,000 in the previous year[40] Other Financial Metrics - The company incurred a total comprehensive loss of HK$19,936,000 for the six months ended June 30, 2024, compared to a loss of HK$13,978,000 for the same period in 2023, indicating a worsening of approximately 42.6%[25] - Non-current liabilities, specifically lease liabilities, decreased to HK$922,000 as of June 30, 2024, from HK$1,430,000 as of December 31, 2023, a reduction of about 35.5%[23] - Total equity as of June 30, 2024, was HK$792,068,000, down from HK$813,282,000 at the end of 2023, representing a decrease of approximately 2.6%[23] - The total cost of additions to property, plant, and equipment during the six months ended June 30, 2024, was HK$4,231,000, down from HK$4,826,000 in the same period of 2023[41] - Trade receivables as of June 30, 2024, amounted to HK$16,756,000, a decrease from HK$31,783,000 as of December 31, 2023[42] - Trade payables increased to HK$10,050,000 as of June 30, 2024, compared to HK$7,132,000 as of December 31, 2023[44] - The company has capital commitments contracted but not provided for in the financial statements amounting to approximately HK$2,600,000 as of June 30, 2024[47] - There were no material contingent liabilities as of June 30, 2024, consistent with the previous year[47] - The fair value changes of equity instruments designated at fair value through other comprehensive income resulted in a gain of HK$4,473,000 for the period[25] - The company experienced an exchange loss of HK$10,431,000 on translating foreign operations during the period[25] Reporting and Compliance - The Group adopted new/revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no material impact on reported results[31] - The Group's rental income under operating lease remained stable at HK$1,080,000 for both periods[34] - The Group's total other revenue and gains for the six months ended June 30, 2024, was HK$4,195,000, an increase of 8.1% from HK$3,880,000 in 2023[34] - The interim report for Datronix Holdings Limited was released on August 16, 2024[58]

1 2024年中期業績 連達科技控股 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 確表示概不就因本公佈全部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 d DATRONIX HOLDINGS LIMITED 連達科技控股有限公司* （於百慕達註冊成立之有限公司） （股份代號： 889） 截至 2024 年 6 月 30 日止 6 個月之中期業績公佈 連達科技控股有限公司（「本公司」）之董事會（「董事會」）欣然公佈，本公司及其附屬公司（統稱「本集團」） 截至2024年6月30日止6個月之未經審核簡明綜合中期財務報表，連同2023年之比較數字如下： 簡明綜合損益及其他全面收益表 截至 2024 年 6 月 30 日止 6 個月 | --- | --- | --- | --- | |-------------------------------------------------------------|-------|---------------------------|-----------------| | | | ...

Financial Performance - Revenue for 2023 was HK$230.8 million, a decrease of 18.8% compared to 2022[24] - Gross profit for 2023 was HK$79.9 million, representing a gross margin of 34.6%[24] - Profit attributable to owners of the company for 2023 was HK$3.8 million, a recovery from a loss of HK$6.9 million in 2022[26] - Earnings per share for 2023 was HK$5.5 cents, compared to a loss of HK$7.6 cents in 2022[28] - Datronix reported revenue of HK$222.4 million for 2023, a decrease of 15.2% from HK$262.4 million in 2022[47] - The Group's revenue was approximately HK$222.4 million, a decrease of 15.2% compared to HK$262.4 million in 2022[70] - The operating loss for 2023 was approximately HK$23.7 million, compared to an operating profit of HK$28.2 million in the previous year[70] - Net loss attributable to owners of the Company was HK$24.2 million in 2023, compared to a profit of HK$27.9 million in 2022[48][66] Segment Performance - The communication and networking segment accounted for 20% of total revenue in 2023, down from 19% in 2022[33] - The communication segment generated HK$45.1 million in revenue for 2023, down 11% from HK$50.7 million in 2022, contributing 20% of total revenue[50][53] - Data processing segment sales increased by 20% to HK$41.7 million in 2023, contributing 19% of total revenue[51][54] - Industrial application segment sales decreased by 25% to HK$70.4 million in 2023, contributing 32% of total revenue[56][61] - High precision and reliability segment reported sales of HK$65.2 million in 2023, a decrease of 22% from HK$83.2 million in 2022, contributing 29% of total revenue[57][62] Financial Position - Net assets increased to HK$865.6 million in 2023, up from HK$864.1 million in 2022[31] - The Group maintained a stable balance sheet with a cash balance of HK$145.2 million and no bank loans as of December 31, 2023[49] - The total equity of the Group as of December 31, 2023, was approximately HK$813.3 million, down from HK$850.3 million in 2022[71] - Cash and cash equivalents amounted to approximately HK$145.2 million as of December 31, 2023, an increase from HK$136.8 million in 2022[71] - The Group had no bank loans or other financing arrangements for the year ended December 31, 2023, indicating a strong financial position[68] Customer and Market Insights - The US market represented 87% of total product sales in 2023, an increase from 85% in 2022[35] - The company serves over 300 customers across various industries, including telecommunications and medical equipment[39] - The largest customer accounted for 18% of the Group's total sales[108] - The aggregate of the five largest customers represented 57% of total sales[108] Management and Governance - The Company has a strong management team with over 20 years of experience in various fields, including finance and operations[99][100] - The Group's future success relies significantly on the contributions of its management team and technical personnel[131] - The Company has confirmed compliance with the connected transactions requirements under Chapter 14A of the Listing Rules, ensuring transactions are conducted on terms no less favorable than those available to independent third parties[190] Corporate Governance and Compliance - The Group strictly complies with applicable laws and regulations impacting its operations[140] - The financial statements for the year ended December 31, 2023, have been audited and presented[104] - The directors do not recommend the payment of a final dividend for 2023, consistent with 2022[114] - The Group's liquidity position, working capital, and future capital needs are considered before declaring dividends[115] Employee and Operational Insights - The Group employed approximately 910 personnel globally as of December 31, 2023, with a significant presence in the PRC and overseas[73] - The Group values its employees as one of its greatest strengths and strives to provide equal opportunities[139] - The Group provides a defined contribution retirement scheme under the Mandatory Provident Fund Scheme, requiring both employer and employee contributions of 5% of relevant income[195] Future Outlook and Strategy - The company aims to expand its global presence to enhance proximity to its customer base and participate in relevant markets[40] - Datronix is diversifying into consumer electronics, including energy-saving products, to broaden its product line and address market demands[60][64] - The Group operates in cyclical markets sensitive to economic conditions, which may cause fluctuations in operating results[130] Shareholder Information - As of December 31, 2023, Mr. Siu Paul Y. holds 231,412,000 corporate interests, representing 72.32% of the issued share capital of the company[165][171] - The company has no management contracts concerning the administration of its business during the year[159] - No substantial shareholders were reported other than the directors or chief executives as of December 31, 2023[173]

Financial Statements [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=1&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) In 2023, Landa Technology Holdings reported a net loss of HK$24,227 thousand, a significant shift from the previous year's net profit, with turnover decreasing by 15.2% and basic earnings per share turning negative Consolidated Statement of Profit or Loss and Other Comprehensive Income Summary | Indicator | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Turnover | 222,427 | 262,424 | | Cost of sales | (148,694) | (181,751) | | Gross profit | 73,733 | 80,673 | | (Loss)/Profit before tax | (23,664) | 28,177 | | (Loss)/Profit for the year and attributable to owners of the Company | (24,227) | 27,875 | | Basic and diluted (loss)/earnings per share | (HK$0.076) | HK$0.087 | - Turnover decreased by **15.2% year-on-year** in 2023, from **HK$262,424 thousand** in 2022 to **HK$222,427 thousand**[3](index=3&type=chunk) - The company shifted from a **profit before tax of HK$28,177 thousand** in 2022 to a **loss before tax of HK$23,664 thousand** in 2023[3](index=3&type=chunk) [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of December 31, 2023, total assets less current liabilities decreased, net assets declined by 4.35%, while cash and cash equivalents increased, reflecting shifts in the company's financial structure Consolidated Statement of Financial Position Summary | Indicator | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Non-current assets | 605,345 | 633,258 | | Current assets | 272,031 | 293,823 | | Current liabilities | 22,670 | 21,783 | | Non-current liabilities | 41,424 | 55,020 | | Net assets | 813,282 | 850,278 | | Cash and cash equivalents | 145,176 | 136,772 | - As of the end of 2023, **net assets decreased by 4.35% year-on-year** to **HK$813,282 thousand**[7](index=7&type=chunk)[8](index=8&type=chunk) - **Cash and cash equivalents increased by 6.14%** to **HK$145,176 thousand**[7](index=7&type=chunk) Financial Statement Notes [Compliance Statement](index=5&type=section&id=1.%20Compliance%20Statement) The company's consolidated financial statements adhere to Hong Kong Financial Reporting Standards, HKEX Listing Rules, and Hong Kong Companies Ordinance disclosure requirements - Financial statements comply with **Hong Kong Financial Reporting Standards**, **Listing Rules**, and **Hong Kong Companies Ordinance** disclosure requirements[10](index=10&type=chunk) [Basis of Preparation](index=5&type=section&id=2.%20Basis%20of%20Preparation) The consolidated financial statements are primarily prepared under the historical cost convention, with certain assets measured at valuation or fair value - Financial statements are primarily prepared under the **historical cost convention**, but specific assets (e.g., investment properties) are measured at **fair value**[11](index=11&type=chunk) [Functional and Presentation Currency](index=5&type=section&id=3.%20Functional%20and%20Presentation%20Currency) The company's functional and presentation currency is HKD, aligning with its listing on the Hong Kong Stock Exchange - The company's functional and financial statement presentation currency is **HKD**, suitable for its Hong Kong listing status[12](index=12&type=chunk) [Adoption of Hong Kong Financial Reporting Standards](index=5&type=section&id=4.%20Adoption%20of%20Hong%20Kong%20Financial%20Reporting%20Standards) The Group adopted new/revised HKFRS effective January 1, 2023, impacting presentation but not significantly affecting financial position or performance, while also assessing other new standards and the MPF-LSP offsetting mechanism - Adoption of new/revised **HKAS 1** and **HKFRS Practice Statement 2** impacted the presentation of accounting policy disclosures but did not materially affect financial position or performance[13](index=13&type=chunk)[14](index=14&type=chunk)[16](index=16&type=chunk) - The Group is evaluating the impact of **new accounting standards and amendments** issued but not yet effective[16](index=16&type=chunk) - The abolition of the **MPF-LSP offsetting mechanism** in Hong Kong had no material impact on 2022 and 2023 results or financial position, as assessed by the directors[17](index=17&type=chunk) [Segment Information](index=7&type=section&id=5.%20Segment%20Information) The Group operates as a single segment in electronic component manufacturing and trading, with revenue primarily from the US market, experiencing shifts in geographical and major customer sales in 2023 - The Group is considered a **single operating segment**, primarily engaged in the **manufacturing and trading of electronic components**[19](index=19&type=chunk)[23](index=23&type=chunk) External Sales and Designated Non-current Assets by Geographical Location | Region | 2023 External Sales (Thousand HKD) | 2022 External Sales (Thousand HKD) | 2023 Designated Non-current Assets (Thousand HKD) | 2022 Designated Non-current Assets (Thousand HKD) | | :--- | :--- | :--- | :--- | :--- | | Hong Kong | 660 | 522 | 334,964 | 340,356 | | China | 10,925 | 16,176 | 206,048 | 222,682 | | United States | 189,534 | 230,248 | 12,545 | 11,771 | | Vietnam | - | - | 51,788 | 58,449 | | European Union | 2,913 | 4,778 | - | - | | Other Countries | 18,395 | 10,700 | - | - | | **Total** | **222,427** | **262,424** | **605,345** | **633,258** | - In 2023, sales from **US customers were HK$189,534 thousand**, a **17.68% year-on-year decrease**; sales from **other countries increased by 71.92%** to **HK$18,395 thousand**[21](index=21&type=chunk) Sales to Major Customers | Major Customer | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Customer A | 39,490 | 42,029 | | Customer B | 35,613 | 54,538 | | Customer C | - | 58,301 | - **Customer C** was no longer a major customer of the Group in 2023 (revenue less than 10% of total revenue)[26](index=26&type=chunk) [Other Income and Gains](index=8&type=section&id=6.%20Other%20Income%20and%20Gains) Total other income and gains decreased to HK$6,432 thousand in 2023, driven by increased bank interest and dividend income, offset by reduced government grants and exchange gains Other Income and Gains Summary | Indicator | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Bank interest income | 3,072 | 1,234 | | Rental income under operating leases | 2,160 | 1,969 | | Exchange gain, net | - | 1,857 | | Government grants | 101 | 2,546 | | Dividend income | 996 | 256 | | **Total** | **6,432** | **8,983** | - **Bank interest income increased by 149%** year-on-year, and **dividend income increased by 289%**[27](index=27&type=chunk) - **Government grants significantly decreased by 96.0%**, and exchange gains turned from **HK$1,857 thousand** in 2022 to **no gain** in 2023[27](index=27&type=chunk) [Loss / Profit Before Tax](index=8&type=section&id=7.%20Loss%20%2F%20Profit%20Before%20Tax) The 2023 loss before tax of HK$23,664 thousand was primarily due to a HK$15,600 thousand fair value loss on investment properties, alongside increased operating expenses - The **loss before tax of HK$23,664 thousand** in 2023 was primarily due to a **fair value loss on investment properties of HK$15,600 thousand**[3](index=3&type=chunk)[28](index=28&type=chunk) Selected Expenses | Indicator | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Cost of inventories recognized as expense | 148,694 | 181,751 | | Depreciation expense | 18,502 | 13,101 | | Research and development expenses | 7,164 | 5,092 | - **Depreciation expense increased by 41.2%** year-on-year, and **research and development expenses increased by 40.7%**[28](index=28&type=chunk) [Income Tax Expense](index=9&type=section&id=8.%20Income%20Tax%20Expense) Income tax expense increased to HK$563 thousand in 2023, mainly due to under-provision of overseas current tax, with varying tax rates applied across different jurisdictions Income Tax Expense Summary | Indicator | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Current tax – Hong Kong Profits Tax | 432 | 530 | | Current tax – Overseas | 2,789 | 1,052 | | Deferred tax credit | (2,658) | (1,280) | | **Total Income Tax Expense** | **563** | **302** | - **Overseas current tax increased by 165%** year-on-year, primarily due to **under-provision in prior years**[29](index=29&type=chunk) - Mainland China subsidiaries are taxed at **25%**, US subsidiaries at **21%**, and the Vietnam subsidiary incurred **no tax** due to no assessable profits[30](index=30&type=chunk)[31](index=31&type=chunk) [Loss / Earnings Per Share](index=9&type=section&id=9.%20Loss%20%2F%20Earnings%20Per%20Share) Basic and diluted loss per share was HK$0.076 in 2023, a reversal from the HK$0.087 earnings per share in 2022, with no dilutive effects Loss / Earnings Per Share Summary | Indicator | 2023 | 2022 | | :--- | :--- | :--- | | (Loss)/Profit attributable to owners of the Company (Thousand HKD) | (24,227) | 27,875 | | Number of ordinary shares in issue | 320,000,000 | 320,000,000 | | Basic and diluted (loss)/earnings per share | (HK$0.076) | HK$0.087 | - Basic and diluted (loss)/earnings per share are identical as there were **no dilutive potential ordinary shares** in either reporting period[33](index=33&type=chunk) [Trade and Other Receivables](index=10&type=section&id=10.%20Trade%20and%20Other%20Receivables) Total trade and other receivables slightly decreased to HK$31,783 thousand by end-2023, with shifts in aging profiles and credit terms of 30-90 days maintained Trade and Other Receivables Aging Analysis | Aging | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Within 30 days | 13,643 | 15,034 | | 31 to 60 days | 13,414 | 9,728 | | 61 to 90 days | 2,921 | 5,118 | | Over 90 days | 3,287 | 4,720 | | Less: Loss allowance | (1,482) | (831) | | **Total** | **31,783** | **33,769** | - The Group generally grants **credit terms of 30 to 90 days** to customers and closely monitors overdue receivables[35](index=35&type=chunk) [Trade and Other Payables](index=10&type=section&id=11.%20Trade%20and%20Other%20Payables) Current trade and other payables slightly increased to HK$20,605 thousand by end-2023, driven by higher accrued expenses for production plants, while non-current retention payables were eliminated Trade and Other Payables Summary | Indicator | 2023 (Thousand HKD) | 2022 (Thousand HKD) | | :--- | :--- | :--- | | Trade payables | 7,132 | 8,618 | | Other payables and accrued expenses | 11,204 | 10,604 | | Accrued expenses for production plants | 2,269 | 559 | | **Total Current Liabilities** | **20,605** | **19,781** | | Non-current retention payables | - | 3,608 | - **Accrued expenses for production plants significantly increased** from **HK$559 thousand** in 2022 to **HK$2,269 thousand** in 2023[37](index=37&type=chunk) - **Non-current retention payables were reduced to zero** in 2023, compared to **HK$3,608 thousand** in 2022[37](index=37&type=chunk) [Dividends](index=10&type=section&id=12.%20Dividends) The Board did not recommend a final dividend for 2023, and no interim dividend was paid during the year, contrasting with 2022's interim dividend - **No final dividend** is recommended for 2023, and **no interim dividend** was paid during the year (2022: interim dividend of **HK$0.01 per share**)[38](index=38&type=chunk)[40](index=40&type=chunk) [Annual General Meeting and Closure of Register of Members](index=11&type=section&id=Annual%20General%20Meeting%20and%20Closure%20of%20Register%20of%20Members) The Annual General Meeting is scheduled for June 5, 2024, with a temporary closure of the register of members from May 31 to June 5 to determine voting eligibility - The **2024 Annual General Meeting** will be held on **June 5**, with the **register of members closed from May 31 to June 5**[41](index=41&type=chunk) [Scope of Work by BDO Limited](index=11&type=section&id=Scope%20of%20Work%20by%20BDO%20Limited) The auditor, BDO Limited, agreed to the preliminary results announcement's financial statements and notes, but their work does not constitute an assurance engagement - The auditor has agreed to the financial statements and notes in the preliminary announcement, but their work is **not an assurance engagement**, providing **no specific assurance** on the announcement[42](index=42&type=chunk) Management Discussion and Analysis [Overall Review](index=12&type=section&id=Overall%20Review) In 2023, the company faced a slow global economic recovery, resulting in a 15.2% revenue decrease and a shift to net loss, primarily due to investment property revaluation, yet maintained a stable financial position with ample cash - In 2023, global economic recovery was **slow and uneven**, impacted by **high inflation** and **geoeconomic fragmentation**[44](index=44&type=chunk) Key Financial Performance Indicators | Indicator | 2023 (Million HKD) | 2022 (Million HKD) | | :--- | :--- | :--- | | Revenue | 222.4 | 262.4 | | Gross profit | 73.7 | 80.7 | | Gross profit margin | 33.1% | 30.7% | | Operating (loss)/profit | (23.7) | 28.2 | | Net (loss)/profit | (24.2) | 27.9 | - Operating loss was primarily due to a **fair value loss on investment properties of HK$15.6 million**, partially offset by investment income[44](index=44&type=chunk) - As of December 31, 2023, the company had **HK$145.2 million in cash** and **no bank debt**, maintaining a stable financial position[45](index=45&type=chunk) [Market Review](index=12&type=section&id=Market%20Review) In 2023, sales declined across most segments, but the Data Processing segment achieved a 20% growth, contributing 19% to total turnover - The **Data Processing segment's sales grew by 20%** against the trend, contributing **19% of total turnover**[47](index=47&type=chunk) Sales by Segment | Segment | 2023 Sales (Million HKD) | 2022 Sales (Million HKD) | % of Total Turnover (2023) | | :--- | :--- | :--- | :--- | | Communications & Networking | 45.1 | 50.7 | 20% | | Data Processing | 41.7 | 34.75 (Estimated) | 19% | | Industrial Applications | 70.4 | 93.7 | 32% | | High Reliability Products | 65.2 | 83.2 | 29% | - **Communications & Networking segment sales decreased by 11%**, **Industrial Applications segment by 25%**, and **High Reliability Products segment by 22%**[46](index=46&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk) [Achievements and Awards](index=12&type=section&id=Achievements%20and%20Awards) Landa Technology has received 42 customer awards, recognizing the Group's excellence in product, service, and performance quality - Landa Technology has received **42 awards** from customers, recognizing its **product, service, and performance quality**[50](index=50&type=chunk) [Future Outlook](index=12&type=section&id=Future%20Outlook) The company aims to enhance performance through revenue diversification and cost improvements, with its Vietnam factory increasing efficiency and plans to expand into consumer electronics to broaden its market reach - The company is committed to improving performance through **revenue diversification** and **cost improvement measures**[51](index=51&type=chunk) - The **Vietnam factory continues to enhance efficiency** to mitigate trade war and tariff impacts[51](index=51&type=chunk) - The Group is expanding into **consumer electronics**, including **energy-saving products**, to broaden its product lines and geographical business footprint[51](index=51&type=chunk) Business and Financial Review [Business and Financial Performance](index=13&type=section&id=Business%20and%20Financial%20Performance) In 2023, turnover decreased by 15.2% to HK$222.4 million, while gross profit margin improved to 33.1%, leading to a shift from operating profit to loss attributable to owners Key Business and Financial Performance | Indicator | 2023 (Million HKD) | 2022 (Million HKD) | | :--- | :--- | :--- | | Turnover | 222.4 | 262.4 | | Gross profit margin | 33.1% | 30.7% | | Operating (loss)/profit | (23.7) | 28.2 | | (Loss)/Profit attributable to owners | (24.2) | 27.9 | - In 2023, **gross profit margin improved by 2.4 percentage points** to **33.1%**[53](index=53&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=13&type=section&id=Liquidity%2C%20Financial%20Resources%20and%20Capital%20Structure) By end-2023, total equity was HK$813.3 million, cash and cash equivalents increased, and the Group maintained a robust financial position with no bank debt and limited foreign exchange risk Liquidity and Financial Resources | Indicator | 2023 (Million HKD) | 2022 (Million HKD) | | :--- | :--- | :--- | | Total equity | 813.3 | 850.3 | | Cash and cash equivalents | 145.2 | 136.8 | - The Group has **no bank credit or other financing arrangements**, maintaining a **robust financial position** with **sufficient cash** for working capital needs[54](index=54&type=chunk)[55](index=55&type=chunk) - The Group primarily conducts business transactions in **USD**, exposing it to **limited foreign exchange fluctuation risk**[56](index=56&type=chunk) [Employees and Remuneration Policy](index=13&type=section&id=Employees%20and%20Remuneration%20Policy) As of end-2023, the Group employed approximately 910 people globally, providing training and reviewing remuneration policies based on performance and market conditions - As of December 31, 2023, the Group had approximately **910 employees globally**, distributed across **Hong Kong, China, and overseas**[57](index=57&type=chunk) - The Group offers **employee training sponsorship programs and courses**, and reviews remuneration policies based on **performance, market levels, and individual contributions**[57](index=57&type=chunk) [Contingent Liabilities](index=13&type=section&id=Contingent%20Liabilities) As of December 31, 2023, the Group reported no significant contingent liabilities - As of December 31, 2023, the Group had **no significant contingent liabilities**[58](index=58&type=chunk) [Capital Commitments](index=13&type=section&id=Capital%20Commitments) Capital commitments for property, plant, and equipment significantly decreased to HK$1.6 million by end-2023, a substantial reduction from the previous year Capital Commitments for Property, Plant and Equipment | Indicator | 2023 (Million HKD) | 2022 (Million HKD) | | :--- | :--- | :--- | | Property, plant and equipment capital commitments | 1.6 | 6.9 | - Capital commitments **decreased significantly by 76.8%** year-on-year[59](index=59&type=chunk) [Purchase, Redemption or Sale of the Company's Listed Securities](index=13&type=section&id=Purchase%2C%20Redemption%20or%20Sale%20of%20the%20Company%27s%20Listed%20Securities) Neither the company nor its subsidiaries purchased, redeemed, or sold any of the company's listed securities during the reporting year - During the year, neither the company nor its subsidiaries **purchased, redeemed, or sold any of the company's listed securities**[60](index=60&type=chunk) Corporate Governance and Other Information [Audit Committee](index=13&type=section&id=Audit%20Committee) The Audit Committee reviewed the Group's 2023 audited financial statements and discussed financial reporting procedures and internal control systems with the Board - The Audit Committee reviewed the **2023 audited financial statements** and discussed **financial reporting procedures and internal control systems**[61](index=61&type=chunk) [Corporate Governance](index=13&type=section&id=Corporate%20Governance) The company generally complied with the Corporate Governance Code, noting two deviations regarding the Chairman and CEO roles and the Chairman's retirement by rotation, which the Board deems to have sufficient power balance - The company generally complied with the **Corporate Governance Code**, but had **two deviations** during the reporting period[62](index=62&type=chunk) - **Mr. Siu Po Paul serves as both Chairman and Chief Executive Officer**, with the Board believing this arrangement provides **sufficient balance of power**[62](index=62&type=chunk) - According to the company's articles, the **Chairman is not required to retire by rotation** or be counted in the number of directors subject to annual retirement[64](index=64&type=chunk)[65](index=65&type=chunk) [Standard Code for Securities Transactions by Directors](index=14&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The company adopted the Standard Code for Securities Transactions by Directors, with all directors confirming full compliance throughout the year - The company adopted the **Standard Code for Securities Transactions by Directors**, and all directors confirmed **full compliance** throughout the year[66](index=66&type=chunk) [Publication of Results Announcement and Annual Report](index=14&type=section&id=Publication%20of%20Results%20Announcement%20and%20Annual%20Report) This results announcement is published on the HKEX and company websites, with the 2023 Annual Report to be dispatched to shareholders and published later - The results announcement is published on the **HKEX and company websites**, and the **annual report will be dispatched and published later**[67](index=67&type=chunk) [Board of Directors](index=14&type=section&id=Board%20of%20Directors) As of the announcement date, the Board comprises five executive directors, including Mr. Siu Po Paul as Chairman, and three independent non-executive directors - The Board of Directors consists of **five executive directors** and **three independent non-executive directors**, with **Mr. Siu Po Paul as Chairman**[68](index=68&type=chunk)