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告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部 份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：00894） 截至2023年6月30日止六個月 中期業績公告 財務摘要 截至6月30日止六個月 2023年 2022年 千港元 千港元 變動 收入 761,975 989,716 (23.0%) 毛利 102,474 164,569 (37.7%) 息稅折舊及攤銷前利潤 53,615 97,067 (44.8%) 股東應佔（虧損）╱溢利 (15,368) 30,404 不適用 每股（虧損）╱盈利 (3.23)港仙 6.39港仙 不適用 中期業績 萬裕科技集團有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公 ...

Production Capacity and Product Offerings - The Group has a total production capacity of over 1 billion pieces of E-Caps per month, with manufacturing facilities located in Dongguan, Wuxi, and Jiangxi, China[6] - Man Yue Technology Holdings Limited has been listed on The Stock Exchange of Hong Kong since 1997, focusing on high technology electronic components including Aluminum Electrolytic Capacitors and Conductive Polymer Aluminum Solid Capacitors[2] - The Group launched the innovative Polymer Caps in 2006 and has since become a major global vendor in this segment[3] - The Group owns renowned brands SAMXON® and X-CON®, recognized for their advanced technology and superior quality[5] - The Group's products comply with the European Union's RoHS directive, ensuring they meet environmental protection standards globally[5] - The Group is committed to environmental sustainability, with all products being halogen-free and production facilities adhering to local environmental regulations[7] - The Group has introduced energy-efficient solutions, including capacitors for LED lamps and new storage devices for environmentally friendly products[7] Financial Performance - Revenue for the year ended December 31, 2022, decreased by 11.7% to approximately HK$1,846,555,000 compared to HK$2,091,264,000 in 2021[32] - Gross profit declined by 8.2% to HK$328,006,000, maintaining a gross profit margin of approximately 17.8%[32] - EBITDA decreased by 10.8% to HK$192,326,000 from HK$215,649,000 in the previous year[32] - Profit attributable to shareholders fell by 44.2% to HK$42,686,000, down from HK$76,494,000 in 2021[32] - Earnings per share dropped by 44.2% to 8.98 HK cents from 16.09 HK cents[32] - Net assets per share decreased by 10.9% to 316.69 HK cents compared to 355.30 HK cents in 2021[32] - The Group's revenue decreased by 11.7% to approximately HK$1,846,555,000 compared to the previous year, primarily due to supply chain disruptions and customer destocking activities[48] - The gross profit margin remained relatively stable at approximately 17.8% for the Year despite weaker order flow in the second half[48] - Net profit attributable to shareholders fell by 44.2%, from approximately HK$76,494,000 in 2021 to approximately HK$42,686,000 in 2022[48] Market Trends and Economic Outlook - The global inflation rate for 2022 peaked at 8.75%, significantly impacting consumer spending and demand[32] - Global inflation is projected to decrease from 8.8% in 2022 to 6.6% in 2023, and further to 4.3% in 2024, remaining above pre-pandemic levels of approximately 3.5%[64] - Global growth is estimated at 2.9% for 2023, with a slight increase to 3.1% in 2024, indicating ongoing economic challenges despite improvements[64] - The reopening of China is expected to stimulate economic recovery and improve order placements from customers[39] - The market size of global passive electronic components is projected to grow from approximately US$36.59 billion in 2022 to approximately US$69.25 billion in 2029, with a CAGR of 9.5% from 2023 to 2029[53] - The number of IoT connected devices is expected to increase from approximately 9.7 billion in 2020 to over 29 billion by 2030, with China projected to have around 5 billion consumer devices[53] Strategic Initiatives and Future Plans - The company plans to continue investing in research and development to enhance product quality and meet market demands[38] - The company aims to secure its market position and deliver promising returns through strategic partnerships and diversified customer portfolios[40] - The Group plans to strategically manage resources, enhance operating discipline, and focus on profits and cash flow to navigate potential economic downturns[64] - The Group aims to expand its product and customer spectrum to capture new growth drivers and increase market share[64] - The ongoing trends in digital transformation and IoT are expected to drive significant demand for electronic components in the medium to long term[64] - The Group is committed to strengthening its product portfolio through increased investment in R&D to seize market opportunities[64] Corporate Governance and Board Structure - The company has a diverse board with members holding significant experience in law, finance, and accounting, enhancing governance and oversight[80][81][82] - The company emphasizes the importance of independent directors in its governance structure, ensuring unbiased oversight and strategic direction[84] - The board includes members who have served in various capacities across multiple listed companies, indicating a strong network and industry knowledge[81][83] - The company has adopted the Corporate Governance Code and ensured compliance throughout the year[105] - The Board consists of three Executive Directors and four Independent Non-executive Directors, meeting the requirement of more than one-third for independent representation[107] - The company has implemented sufficient measures to align its corporate governance practices with the applicable code provisions[105] - The company emphasizes a culture of acting lawfully, ethically, and responsibly across the organization[108] Human Resources and Workforce Management - As of December 31, 2022, the Group employed 2,501 employees, a decrease from 2,999 in 2021, reflecting adjustments in workforce management[68] - The Group's remuneration policy is performance-oriented and market-competitive, with regular reviews of compensation packages[68] - Senior management has extensive experience in their respective fields, contributing to strategic business development and operational efficiency[90][91][92][93][100] - The company encourages continuous professional development for directors to enhance their skills and knowledge[135] Risk Management and Compliance - The company is focused on maintaining a strong financial position by closely monitoring foreign exchange risks associated with currency fluctuations[65] - The Company has established a whistleblowing policy and system for employees to raise concerns confidentially and anonymously, promoting anti-corruption laws and regulations[188] - The Audit Committee comprises four Independent Non-executive Directors, ensuring a suitable mix of expertise in various sectors[199] - The Audit Committee is responsible for providing an independent view on the effectiveness of the financial process, risk management, and internal control systems, meeting at least twice a year[200]

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告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部 份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：00894） 截至2022年12月31日止年度 全年業績公告 財務摘要 截至12月31日止年度 2022年 2021年 千港元 千港元 變動 收入 1,846,555 2,091,264 -11.7% 毛利 328,006 357,489 -8.2% 息稅折舊及攤銷前利潤 192,326 215,649 -10.8% 股東應佔溢利 42,686 76,494 -44.2% 每股盈利 8.98港仙 16.09港仙 -44.2% 每股資產淨值 316.69港仙 355.30港仙 -10.9% 全年業績 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 989,716,000, a decrease of 4.3% from HKD 1,034,591,000 in the same period of 2021[12] - Gross profit decreased by 6.9% to HKD 164,569,000, with a gross margin of 16.6%, down from 17.1%[12] - Shareholders' profit attributable to the company was HKD 30,404,000, representing an 18.8% decline compared to HKD 37,445,000 in 2021[12] - Operating profit decreased to HKD 50,639,000 from HKD 52,768,000, a reduction of 4.0% year-on-year[30] - Profit before tax was HKD 37,173,000, down 14.8% from HKD 43,564,000 in the previous year[30] - The net profit for the period was HKD 28,743,000, a decrease of 22.2% compared to HKD 36,934,000 for the same period in 2021[30] - The total comprehensive income for the period was HKD (82,968,000), compared to HKD 65,490,000 in the same period last year, indicating a significant decline[32] - The group reported total liabilities of HKD 1,793,103,000 as of June 30, 2022, compared to HKD 1,779,005,000 as of December 31, 2021[57] Cash Flow and Liquidity - As of June 30, 2022, cash and cash equivalents amounted to HKD 270,404,000, an increase from HKD 215,732,000 at the end of 2021[16] - Operating cash flow for the six months ended June 30, 2022, was HKD 51,390, a turnaround from a cash outflow of HKD 47,187 in the same period of 2021[45] - The company reported a net cash inflow from financing activities of HKD 75,552, compared to HKD 61,578 in the previous year[45] - The company reported a cash flow from operating activities of HKD 1,163,918 for the first half of 2022, compared to HKD 1,119,180 for the same period in 2021[118] Debt and Equity - Total bank and other borrowings were HKD 1,163,918,000, up from HKD 1,074,962,000 at the end of 2021[16] - The net debt-to-equity ratio was 55.6% as of June 30, 2022, compared to 50.9% at the end of 2021[16] - The company's equity as of June 30, 2022, was HKD 1,606,661, down from HKD 1,689,629, representing a decrease of 4.9%[37] Market and Growth Strategies - The company plans to commence operations at a new manufacturing facility in Qingyuan, Guangdong Province, by the end of 2022 to expand market share[15] - The company aims to leverage digital transformation trends in remote work, e-commerce, and online shopping to capture demand for electronic components[21] - The company plans to continue expanding its market presence and investing in new technologies to enhance its product offerings and operational efficiency[75] - Future outlook includes a projected revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion efforts[152] - Market expansion strategies include entering two new international markets by the end of 2022, targeting a 15% increase in overall sales from these regions[152] Research and Development - The company aims to enhance research and development efforts to capture the latest market trends despite recent economic challenges[15] - The company is investing HKD 5 million in R&D for advanced capacitor technologies, which is expected to enhance product performance and competitiveness[152] - The company is committed to research and development to stay at the forefront of technological advancements and industry developments[21] Operational Efficiency - The company has established partnerships with three new suppliers to improve supply chain efficiency and reduce costs by 10%[152] - The management emphasized a focus on sustainability initiatives, aiming to reduce production waste by 30% over the next three years[152] Employee and Management - The company employed a total of 2,886 employees as of June 30, 2022, down from 2,999 employees at the end of 2021[21] - The total remuneration for key management personnel was HKD 6,433,000 for the six months ended June 30, 2022, a decrease of 26.5% from HKD 8,724,000 in the same period of 2021[132] Inventory and Assets - The inventory increased to HKD 800,709, up from HKD 786,660, indicating a rise of 1.3%[35] - As of June 30, 2022, the total non-current assets amounted to HKD 1,445,808, a decrease of 3.5% from HKD 1,497,181 as of December 31, 2021[35] - The net book value of property, plant, and equipment as of June 30, 2022, was HKD 678,847, down from HKD 714,435 at the end of the previous year, indicating a decrease of about 5%[100] Shareholder Information - The largest shareholder, Man Yue Holdings Inc., held a 44.09% equity interest in the company as of June 30, 2022[129] - The company did not declare an interim dividend for the period, consistent with the previous year[99] Economic Outlook - The International Monetary Fund revised the global GDP growth forecast for 2022 down to 3.2%, reflecting potential economic crises globally[20] - The global passive electronic components market is projected to grow from USD 34.11 billion in 2021 to USD 46.87 billion by 2027, with a CAGR of 5.44%[13]

Production Capacity and Facilities - Man Yue Technology Holdings Limited has a total production capacity of over 1 billion pieces of capacitors per month across its manufacturing facilities in Dongguan, Wuxi, and Jiangxi, China[5]. - The Group operates two aluminum foil factories in Qingyuan and Yaan, China, producing aluminum foil for its own consumption[5]. - The Group plans to commence operations at a new manufacturing facility in Qingyuan, Guangdong, China, in 2022 to expand production capacity[52]. - The new manufacturing facility in Qingyuan, Guangdong, China, is expected to commence production in 2022 to meet rising demand for electronic components[68]. - The company is focusing on expanding its manufacturing capabilities, with an investment of $K million in new facilities in Dongguan, China[92]. Product Innovation and Development - The Group launched the innovative Polymer Caps in 2006 and has since become a major global vendor in this segment[4]. - The Group's commitment to R&D has enabled the development of groundbreaking products, including Electric Double Layer Capacitors (EDLC) launched in 2009[4]. - The company plans to continue investing in R&D to enhance product stability and performance, aiming to meet evolving market demands[32]. - The company is investing in R&D, allocating $G million towards the development of new technologies aimed at enhancing product efficiency and sustainability[84]. - The Vice Chief Engineer of the Research & Development Department is responsible for product development and cost management, indicating a focus on innovation[101]. Financial Performance - For the year ended December 31, 2021, the company achieved a record high revenue of approximately HK$2,091,264,000, representing a growth of 30.7% compared to HK$1,599,599,000 in 2020[27]. - Gross profit for the year was HK$357,489,000, reflecting an increase of 31.5% from HK$271,877,000 in 2020[27]. - EBITDA for 2021 was HK$215,649,000, which is a 43.8% increase from HK$149,986,000 in the previous year[27]. - Profit attributable to shareholders surged to HK$76,494,000, marking a significant increase of 217.9% from HK$24,064,000 in 2020[27]. - Earnings per share rose to 16.09 HK cents, up 218.0% from 5.06 HK cents in 2020[27]. Market Outlook and Economic Factors - Despite achieving strong results, the company anticipates potential negative impacts on economic activities due to COVID-19 variants and geopolitical tensions in 2022[33]. - The company remains confident in the long-term demand for electronic components driven by increasing reliance on technology[33]. - The global electronic components market is expected to grow from US$484.99 billion in 2021 to US$541.95 billion in 2022, with a CAGR of 11.7%[45]. - The adoption of IoT and remote work trends are key drivers for the increasing demand for electronic components, with projections of over 30 billion IoT connections by 2025[46]. - The global GDP growth forecast for 2022 was moderated to 4.4%, a decrease of 0.5 percentage points from the previous projection[63]. Corporate Governance and Management - The Company has a strong management team with over 23 years of experience in business development and channel management in China[94]. - The Group's financial reporting, budget control, and compliance are overseen by the Chief Financial Officer, who has over 16 years of experience in accounting and auditing[96]. - The Company has adopted the Corporate Governance Code and has complied with its provisions throughout the year, with a deviation regarding the appointment of non-executive directors[110]. - The Board consists of three Executive Directors and three Independent Non-executive Directors, meeting the requirement of having more than one-third independent members[113]. - The Company has established three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee to support the Board's functions[113]. Shareholder Relations and Board Composition - The Company has adopted a Nomination Policy to set out the nomination procedure and criteria for selecting candidates for directorship[140]. - The Nomination Committee reviews the Board's structure, size, and composition at least annually to ensure alignment with the Company's corporate strategy[143]. - All Directors are encouraged to participate in continuous professional development, including training on ESG developments[139]. - The Company ensures that at least one Independent Non-executive Director has appropriate professional qualifications or financial management expertise[121]. - The Company adopted a board diversity policy on August 1, 2013, and revised it on December 28, 2018, aiming for sustainable and balanced development through increased diversity[176]. Employee and Operational Efficiency - The Group employed a total of 2,999 employees as of December 31, 2021, an increase from 2,767 in 2020[71]. - The Group aims to enhance operational efficiency and tighten cost control to improve profitability and competitiveness of its quality products[68]. - The company has implemented new strategies to improve operational efficiency, which are projected to reduce costs by I% over the next year[84]. - Executive directors frequently engage with senior management to maintain effective feedback systems and respond to changes efficiently[196]. Financial Position and Debt Management - The Group's cash and cash equivalents as of 31 December 2021 amounted to approximately HK$215,732,000, down from approximately HK$263,486,000 in 2020[54]. - Total outstanding bank and other borrowings increased to approximately HK$1,074,962,000 in 2021 from approximately HK$1,024,517,000 in 2020[54]. - The net gearing ratio as of 31 December 2021 was 50.9%, up from 49.2% in 2020, indicating a net debt position of approximately HK$859,230,000[55]. - The net working capital increased to approximately HK$291,638,000 as of December 31, 2021, from approximately HK$253,842,000 in 2020, representing an increase of approximately HK$37,796,000[61]. - The current ratio improved to 1.18 times as of December 31, 2021, compared to 1.16 times in 2020[61].

MAN YUE TECHNOLOGY HOLDINGS LIMITED (Stock Code: 00894) Interim Report 2021 INTERIM REPORT 2021 中期報告 萬裕科技集團有限公司 Save Oil, Save Minerals, Fresh Air, Green Future Tomorrow Starts Here (於百慕達註冊成立之有限公司) (Incorporated in Bermuda with limited liability) 中期報告 2021 (股份代號 : 00894) Save Oil, Save Minerals, Fresh Air, Green Future Tomorrow Starts Here 本報告以環保紙印製 目錄 萬裕科技集團有限公司 目錄 公司資料 2 | --- | --- | |----------------------------------|-------| | | | | 管理層討論及分析 | | | 中期財務報表之審閱報告 | | | 未經審核綜合損益表 | | | 未經審核綜合損益及其他全面收入表 | | ...

MAN YUE TECHNOLOGY HOLDINGS LIMITED 萬 裕 科 技 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (Stock Code 股份代號：00894) 2020 ANNUAL REPORT 年 報 / 11 SAVE OIL, SAVE MINERALS, FRESH AIR, GREEN FUTURE, TOMORROW STARTS HERE ii Man Yue Technology Holdings Limited 萬裕科技集團有限公司 Man Yue Technology Holdings Limited (the "Company") is a company whose shares have been listed on The Stock Exchange of Hong Kong Limited since 1997. The core businesses of the Company and its subsidiaries (collectivel ...

MAN YUE TECHNOLOGY HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) INTERIM REPORT 2020 INTERIM REPORT 2020 中期報告 萬裕科技集團有限公司 SAVE OIL, SAVE MINERALS, FRESH AIR, GREEN FUTURE, TOMORROW STARTS HERE (Stock Code: 00894) (於百慕達註冊成立之有限公司) (股份代號 : 00894) 中期報告 2020 111 SAVE OIL, SAVE MINERALS, FRESH AIR, GREEN FUTURE, TOMORROW STARTS HERE 以疆使紙肉酸 目錄 萬裕科技集團有限公司 . ). 目錄 . - = 1 . . . 公司資料 2 管理層討論及分析 中期財務報表之審閱報告 未經審核綜合損益表 未經審核綜合損益及其他全面收入表 未經審核綜合財務狀況表 未經審核綜合權益變動表 未經審核簡明綜合現金流量表 未經審核綜合財務報表附註 企業管治及其他資料 詞彙 4 ...

(Incorporated in Bermuda with limited liability) (Stock Code 股份代號 : 00894) （於百慕達註冊成立之有限公司） ON® YIPC® Tomorrow Starts Here Save Oil, Save Minerals, Fresh Air, Green Future 2019 Annual Report 年報 Man Yue Technology Holdings Limited (the "Company") is a company whose shares have been listed on The Stock Exchange of Hong Kong Limited since 1997. The core businesses of the Company and its subsidiaries (collectively called the "Group" or "Man Yue Tech") are the manufacture and sale of high technology electronic co ...

(股份代號: 00894) (於百慕達註冊成立之有限公司) Save Oil, Save Minerals, Fresh Air, Green Future Tomorrow Starts Here 2019 中期報告 本報告以環保紙印製 萬裕科技集團有限公司 目錄 . 43 企業管治及其他資料 2 公司資料 4 管理層討論及分析 7 中期財務報表之審閱報告 8 未經審核綜合損益表 9 未經審核綜合損益及其他全面收入表 10 未經審核綜合財務狀況表 12 未經審核綜合權益變動表 14 未經審核簡明綜合現金流量表 15 未經審核綜合財務報表附註 48 詞彙 . 萬裕科技集團有限公司 公司資料 | --- | --- | |-----------------|----------------------------------------------------------------------------------------------| | | | | 董事會 執行董事 | | | | 紀楚蓮 （主席） 陳宇澄 （董事總經理） 陳達昌 王晴明（於 2019 年 1 月 10 日辭任） | | | 獨立非 ...