CORPORATE OBJECTIVE 企業目標 To become a technologically advanced and innovative company in Asia and the preferred partner by providing comprehensive electronics solutions and building a pet health ecosystem. 致力提供全面電子解決方案及 建構寵物健康生態系統，以成為 亞洲先進及創新的公司及最備受 信賴的商務夥伴為目標。 Contents 目錄 MISSION STATEMENT 企業使命 We contribute to the advancement of society by providing people with quality products and employing advanced technology, with protecting the environment always in mind. We hire and nurture professionals and, together ...

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，概不對因本公告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。 – 收益為1,388,000,000港元（二零二四年：1,400,300,000港元） – 毛利為192,700,000港元（二零二四年：203,300,000港元） – 股權持有人應佔溢利為34,400,000港元（二零二四年：32,100,000港元） – 每股基本盈利為12.08港仙（二零二四年：11.26港仙） – 董事會建議派發末期股息每股4.0港仙（二零二四年：末期股息每股4.0港仙） – 年內每股股息合共8.0港仙（二零二四年：8.0港仙） 全年業績 信佳國際集團有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公司（合稱 「信佳」或「本集團」）截至二零二五年三月三十一日止年度之綜合業績。 截至二零二五年三月三十一日止年度之全年業績公告 財務摘要 * 僅供識別 -1- 綜合收益表 截至二零二五年三月三十一日止年度 | | | 二零二五年 | 二零二四年 | | --- | - ...

（以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：港股君 资金流向方面，当日主力流入0.188万港元，流出17.228万港元，净流出17.04万港元。 信佳国际集团有限公司乃新一代全方位电子解决方案供应商,在2002年9月于香港联合交易所主板上市,主 要从事电子产品研发、制造及销售。产品包括IoT资产追踪管理应用产品、专业音响设备、电子影音产 品、无线网络及射频产品、电讯产品、智能卡、近场通讯产品及直发器等。集团亦透过全资附属公司佳 宠国际集团控股有限公司从事宠物相关业务。佳宠致力围绕'关爱宠物、科学养宠'的理念,利用创新科 技,为宠物打造完善的宠物健康生态系统,同时提供全面的宠物相关产品及服务,包括宠物食品用品及智能 电子产品研发、生产、销售及分销,以及相关的社交、电商平台及宠物保险的创建及开发。此外,集团亦 有其他策略投资以产生协同效应。集团拥有两大生产据点,包括位于中国东莞的信佳高新科技产业园及 越南厂房。信佳荣获不同环保证书,包括ISO14001、QC080000、RoHS及WEEE指令、绿色产品管理系统 及香港Q唛环保管理证书。现时,集团的客 ...

Financial Performance - For the six months ended 30 September 2024, Suga International Holdings Limited recorded a turnover of HK$694.7 million, a decrease of 3.5% compared to HK$717.5 million in the same period last year[18]. - The gross profit for the period was HK$98.7 million, with a gross profit margin of 14.2%, compared to HK$104.1 million and 14.5% in the previous year[14]. - Profit attributable to owners amounted to HK$20.3 million, with a net profit margin of 2.9%, compared to HK$19.7 million and 2.7% respectively in the prior year[36]. - Operating profit fell by 11.2% to HK$23,282,000, compared to HK$26,223,000 in the previous year[65]. - Revenue for the six months ended September 30, 2024, was HK$694,741,000, a decrease of 3.2% compared to HK$717,521,000 in the same period of 2023[68]. - Gross profit decreased by 5.1% to HK$98,745,000, with a gross profit margin of 14.2%, down from 14.5%[65]. - Profit for the period rose by 3.4% to HK$20,340,000, up from HK$19,665,000 in the prior year[65]. Cash and Liquidity - As of 30 September 2024, the Group had net cash of HK$271.3 million, representing a significant increase of 124.0% from HK$121.1 million at the end of March 2024[19]. - The Group's cash level has significantly increased, indicating strong liquidity and the ability to allocate resources flexibly for promising projects[61]. - Cash and cash equivalents increased significantly to HK$281,527,000 from HK$161,874,000, a growth of 73.8%[138]. - Net cash generated from operating activities for the six months ended 30 September 2024 was HK$167,765,000, an increase of 87.6% compared to HK$89,513,000 in 2023[154]. Financial Stability - Total bank borrowings decreased to HK$10.3 million from HK$40.8 million, indicating improved financial stability[14]. - The current ratio stood at 2.41, while the gearing ratio was reduced to 1.3% from 5.2% year-on-year, reflecting a stronger balance sheet[14]. - The Group maintained cash and bank balances of approximately HK$281.5 million as of 30 September 2024, up from HK$161.9 million as of 31 March 2024[79]. - The liquidity ratio was 2.41 times as of 30 September 2024, down from 2.61 times as of 31 March 2024[81]. Strategic Initiatives - Suga has implemented a "China Plus One" strategy, establishing a factory in Vietnam to mitigate risks associated with the Sino-US trade conflict[20]. - The "China Plus One" strategy continues to provide a competitive advantage, allowing the Group to secure orders and strengthen its market position amid global trade tensions[26]. - The Group aims to leverage its production layout in Mainland China and Vietnam to prepare for securing more new orders, including those from neighboring regions[27]. - The Group's "China Plus One" production layout aims to enhance competitiveness and risk resilience amid global economic challenges[52]. Operational Efficiency - The Group's inventory turnover days improved to 79 days, down from 107 days, indicating better inventory management[14]. - Suga's management has focused on optimizing operations and controlling costs, contributing to stable performance despite a challenging business environment[18]. - The Group's proactive measures in optimizing operations and controlling costs have contributed to maintaining stable performance despite a challenging business environment[22]. Market and Product Performance - Electronic products sales reached HK$594.5 million, a 0.7% increase year-on-year, accounting for 85.6% of total sales[42]. - Pet business sales decreased by 21.3% to HK$100.2 million, representing 14.4% of total sales[46]. - The Group's IoT product categories have expanded to cover Smart City, logistics, and retail management, contributing significantly to revenue[44]. - Orders for IoT products from new customers increased, offsetting decreases in orders for professional audio equipment and other consumer products[72]. Future Outlook - The outlook for the second half of 2024 remains cautiously optimistic, with a focus on maintaining excellent operation and management[52]. - The Group anticipates continued stable development in the pet business segment, particularly in Southeast Asia, driven by a growing middle-class consumer base[59]. - The Group's strategic focus includes research and development in electronic products and pet food, indicating potential for future growth[157]. Corporate Governance - The Company had complied with the Corporate Governance Code throughout the reporting period, ensuring adherence to the Listing Rules[99][103]. - The Audit Committee reviewed the accounting policies and practices adopted by the Group and discussed risk management and internal control systems for the six months ended September 30, 2024[108][111]. Shareholder Information - The Board declared an interim dividend of HK4.0 cents per share for the six months ended September 30, 2024, consistent with the interim dividend of HK4.0 cents per share for the same period in the previous year[97][101]. - As of September 30, 2024, the interests of Dr. Ng Chi Ho included 6,930,000 shares and a total interest of 170,528,000 shares, representing 59.88% of the issued ordinary shares[115].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 694.7 million, a decrease of 3.5% from HKD 717.5 million in the same period of 2023[3]. - Gross profit for the same period was HKD 98.7 million, down from HKD 104.1 million, reflecting a decline of 5.3%[3]. - Profit attributable to owners of the company was HKD 20.3 million, an increase of 3.1% compared to HKD 19.7 million in 2023[3]. - Basic earnings per share increased to HKD 7.14 from HKD 6.90, representing a growth of 3.5%[3]. - Operating profit for the period was HKD 23.3 million, down from HKD 26.2 million, a decrease of 11.1%[6]. - The company reported a total comprehensive income of HKD 22.6 million for the period, compared to a loss of HKD 0.9 million in the previous year[14]. - Revenue from external customers for the six months ended September 30, 2024, was approximately HKD 694,741,000, a decrease from HKD 717,521,000 in the same period of 2023[37]. - The group reported a net loss of HKD 2,156,000 from other losses for the six months ended September 30, 2024, compared to a net loss of HKD 1,232,000 in 2023[41]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.04 per share, consistent with the previous year[3]. - The total interim dividend declared was HKD 11,392,000, consistent with the previous year, maintaining a dividend per share of 4.0 HK cents[59]. - The company's profit attributable to owners for the six months ended September 30, 2024, was HKD 20,344,000, compared to HKD 19,653,000 for the same period in 2023, representing an increase of 3.5%[53]. - Basic earnings per share for the six months ended September 30, 2024, was 7.14 HK cents, up from 6.90 HK cents in 2023, reflecting a growth of 3.5%[55]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 1,141.3 million, an increase from HKD 1,079.1 million as of March 31, 2024[17]. - Total liabilities increased to HKD 347.0 million from HKD 296.1 million, reflecting a rise of 17.2%[20]. - The total assets as of September 30, 2024, amounted to HKD 1,141,311,000, while total liabilities were HKD 347,021,000[35]. - Total liabilities related to trade payables and other payables reached HKD 299,530,000 as of September 30, 2024, compared to HKD 227,909,000 as of March 31, 2024[68]. - The group's total liabilities as of March 31, 2024, were HKD 296,062,000, with classified liabilities of HKD 236,250,000[37]. Cash and Cash Equivalents - Cash and cash equivalents rose significantly to HKD 281.5 million from HKD 161.9 million, an increase of 73.8%[17]. - The total cash and cash equivalents as of September 30, 2024, were HKD 27,498,000[35]. - As of September 30, 2024, the group's cash and bank balance was approximately HKD 281.5 million, an increase from HKD 161.9 million as of March 31, 2024[78]. - Total bank borrowings amounted to HKD 10.3 million as of September 30, 2024, down from HKD 40.8 million as of March 31, 2024[78]. - The net cash position (total bank borrowings minus cash and cash equivalents) was HKD 271.3 million as of September 30, 2024, compared to HKD 121.1 million as of March 31, 2024[78]. Segment Performance - Revenue for the six months ended September 30, 2024, was HKD 694,741,000, with electronic products contributing HKD 666,027,000 and pet-related products contributing HKD 131,005,000[30]. - The electronic products segment generated sales of HKD 594.5 million, accounting for 85.6% of total sales, reflecting a year-on-year increase of 0.7%[71]. - The pet business experienced a sales decline of 21.3%, with revenue of HKD 100.2 million, representing 14.4% of total sales[73]. - The company anticipates stable growth in the pet business, focusing on consumer demand for pet electronics and health food, particularly in Southeast Asia[76]. - The professional audio equipment segment is expected to maintain stable revenue, supported by a mature product line and market demand[74]. Financial Management and Strategy - The company has not adopted the new accounting standards that will take effect in the upcoming fiscal years, indicating no significant impact on current and foreseeable transactions[27]. - The company is evaluating the financial impact of the new accounting standards and expects no major effects on the reporting period[27]. - The company is actively negotiating repayment plans for overdue amounts from Guangdong Fuchuan, with a receivable amount of approximately HKD 22,041,000 as of September 30, 2024[62]. - The company has successfully requested Guangdong Fuchuan to settle overdue amounts through the transfer of properties valued at 80% of market price[62]. - The company has improved its net cash position, providing flexibility to allocate resources to promising development projects and investment opportunities[76]. Employee and Operational Insights - The group employed approximately 2,016 staff as of September 30, 2024, with 52 based in Hong Kong and the remainder primarily in mainland China and Vietnam[84]. - The company has maintained a consistent credit period of 30 to 60 days for its customers, applying a simplified approach to measure expected credit losses[63]. Market Outlook - The company is optimistic about the future, leveraging its diversified business strategy and "China +1" approach to navigate market uncertainties and seize growth opportunities[74]. - The IoT business has expanded its product offerings and partnerships, contributing significantly to revenue growth and addressing various application scenarios[71]. - The group plans to continue investing in product development and innovative sales strategies to adapt to the evolving pet market[73].

Financial Performance - For the year ended March 31, 2024, the company reported revenue of HK$1,400,293, a decrease of 3.0% from HK$1,443,482 in 2023[16] - Gross profit for the same period was HK$203,267, with a gross profit margin of 14.5%, up from 14.1% in 2023[16] - Operating profit decreased to HK$44,956, down 46.8% from HK$84,291 in the previous year[16] - Profit attributable to owners of the company was HK$32,059, a decline of 46.4% compared to HK$59,810 in 2023[16] - Basic earnings per share were HK11.26 cents, down from HK21.00 cents in FY 2022/23[47] - Profit for the year was HK$32.3 million, a decrease of 46.2% from HK$60.1 million in the previous financial year, with basic earnings per share of HK11.26 cents[108] - Shareholders' profit decreased by 46.4% to HK$32,100,000, with a net profit margin of 2.3% compared to 4.2% in the previous fiscal year[50] Revenue Breakdown - Revenue from electronic products was HK$1,160,198, down 6.7% from HK$1,243,928 in 2023[18] - Revenue from pet-related products increased to HK$240,095, up 20.3% from HK$199,554 in 2023[18] - Sales from electronic products amounted to HK$1,160.2 million, representing a year-on-year decrease of 6.7% and accounting for 82.9% of total sales[53] - The pet business achieved sales of HK$240.1 million, an increase of 20.3% year-on-year, accounting for 17.1% of total sales[61] - Revenue from the electronic products segment was approximately HK$1,160.2 million, representing 82.9% of the Group's total revenue, a decrease of HK$83.7 million or 6.7% compared to the previous financial year[110][114] - Revenue from the pet-related products segment recorded approximately HK$240.1 million, representing 17.1% of the Group's total revenue, an increase of HK$40.5 million or 20.3% compared to the previous financial year[115][119] Cash Flow and Liquidity - The company’s cash and cash equivalents increased to HK$161,874 from HK$138,225 in 2023[16] - The Group maintains strong liquidity, allowing for flexible investment in potential development projects[38] - As of March 31, 2024, the Group's current assets were approximately HK$754.2 million and current liabilities were approximately HK$289.0 million, resulting in a liquidity ratio of 2.61 times[117][120] - The Group maintained cash and bank balances of approximately HK$161.9 million and total bank borrowings of HK$40.8 million, resulting in a net cash position of HK$121.1 million[118] Expenses and Cost Management - Distribution and selling expenses decreased by HK$4.4 million or 7.2% to HK$57.6 million, with a selling and distribution expenses to revenue ratio of 4.1%[98] - General and administrative expenses decreased by HK$9.4 million or 8.1% to HK$106.7 million, primarily due to a reduction in employee benefits expenses[99] - Net finance costs were HK$3.5 million, down from HK$4.7 million in the previous year, with an interest coverage ratio of 13.7 times[100] Market and Strategic Initiatives - The Group's R&D team is focusing on building a comprehensive pet health ecosystem, anticipating robust development in the pet business[34] - The Group plans to leverage the "China Plus One" production strategy to enhance strengths and ensure steady business development[37] - The Group aims to expand opportunities in diversified IoT applications, including smart homes and smart cities, capitalizing on the maturation of 5G technology[37] - The Group expects steady development in its core electronic products business, with revenue recovery anticipated from professional audio equipment as existing customers reduce inventories and new customers place orders[74] - The promotion of 5G technology is expected to facilitate the widespread application of IoT, aligning with the Group's development goals and creating new business opportunities[79] Corporate Governance and Leadership - The company has complied with all applicable code provisions of the Corporate Governance Code throughout the financial year ended 31 March 2024, except for code provision C.2.1[199] - Dr. Wu Minzhu was appointed as CEO of the Group on July 1, 2023, bringing extensive experience from IBM, Nokia, and Qualcomm[157] - The Group's board includes experts in various fields, enhancing its strategic direction and governance[166] - The leadership team comprises individuals with extensive backgrounds in engineering, finance, and corporate governance, ensuring robust oversight[174] Innovation and Development - The Group's commitment to innovation is reflected in Dr. Wu's leadership role in various technology and industry associations in Hong Kong[158] - The Group's focus on research and development is evident through its partnerships with local universities and research institutions[167] - The Group is actively involved in innovation and technology initiatives, as evidenced by Dr. LAW's previous roles in governmental committees[181][182] Employee and Community Engagement - The Group provides educational sponsorship subsidies, discretionary performance bonuses, and share options in addition to standard employee benefits[137] - The Group is actively involved in community and educational initiatives, promoting technology and innovation in Hong Kong[168]

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 1,400,300,000, a decrease of 3.0% from HKD 1,443,500,000 in 2023[3] - Gross profit for the same period was HKD 203,300,000, slightly up from HKD 202,900,000 in 2023, indicating a marginal increase of 0.2%[3] - Profit attributable to equity holders was HKD 32,100,000, down 46.4% from HKD 59,800,000 in the previous year[3] - Basic earnings per share decreased to HKD 0.1126 from HKD 0.2100, reflecting a decline of 46.6%[3] - Total comprehensive income for the year was HKD 9,963,000, down from HKD 25,768,000 in 2023, representing a decline of 61.2%[6] - Operating profit for the year was HKD 84,291,000, with net profit amounting to HKD 60,075,000, reflecting a decrease from the previous year's net profit[27] - The total income tax expense for 2024 is 9,139,000 HKD, down 15.4% from 10,797,000 HKD in 2023[37] Dividends - The board recommended a final dividend of HKD 0.04 per share, consistent with the previous year's final dividend, but total annual dividends decreased to HKD 0.08 from HKD 0.12[3] - The interim dividend paid for the period ending September 30, 2023, is 11,392,000 HKD, down from 14,240,000 HKD in 2023[45] - The company plans to propose a final dividend of 4.0 HKD per share for the year ending March 31, 2024, totaling approximately 11,392,000 HKD[44] Assets and Liabilities - Total assets decreased to HKD 1,079,098,000 from HKD 1,231,230,000, a reduction of 12.3%[8] - Total liabilities decreased to HKD 296,062,000 from HKD 426,830,000, a decline of 30.6%[10] - The total assets as of March 31, 2024, were HKD 1,079,098,000, compared to HKD 1,231,230,000 in 2023, indicating a decrease in total assets[23][21] - The total liabilities as of March 31, 2024, were HKD 296,062,000, down from HKD 426,830,000 in 2023, showing a reduction in total liabilities[23][21] Cash Flow and Financing - Cash and cash equivalents increased to HKD 161,874,000 from HKD 138,225,000, an increase of 17.2%[8] - The group's net cash position improved to HKD 121.1 million as of March 31, 2024, compared to HKD 0.9 million a year earlier, reflecting effective cost control strategies[64] - The group reported a total bank borrowings of HKD 40.8 million as of March 31, 2024, significantly reduced from HKD 137.3 million a year earlier, indicating improved financial health[64] - The group has no collateralized assets for bank financing as of March 31, 2024, ensuring flexibility in financial operations[68] Segment Performance - The electronic products segment generated sales of HKD 1,160,200,000, down 6.7% year-on-year, accounting for 82.9% of total sales[56] - The pet business achieved sales of HKD 240,100,000, an increase of 20.3% year-on-year, representing 17.1% of total sales[59] - The segment performance for electronic products showed a profit of HKD 48,389,000, while the pet-related products segment contributed HKD 4,921,000[17] Market Outlook and Strategy - The company plans to continue focusing on market expansion and product development to drive future growth[27] - The company plans to enhance its IoT product offerings and has established a dedicated IoT department for diversified product development[57] - The group plans to leverage the growing adoption of IoT technology driven by 5G to enhance its diversified business layout and capture new market opportunities[63] - The company maintains a cautiously optimistic outlook for the second half of 2024, anticipating stable growth in electronic products and further orders in the IoT sector[60] Corporate Governance - The board of directors has committed to high standards of corporate governance, complying with applicable codes except for the separation of the roles of chairman and CEO until July 1, 2023[73] Employee Information - The group employed approximately 2,364 staff as of March 31, 2024, with a compensation policy that includes various benefits and performance bonuses[70] Other Information - No significant events occurred after March 31, 2024, until the date of this announcement[78] - The annual general meeting is scheduled for August 15, 2024, at 3:00 PM at a specified location in Hong Kong[80] - Financial and other relevant information will be published on the Hong Kong Stock Exchange website and the company's website[81]

Financial Performance - The Group recorded a revenue of HK$717.5 million for the six months ended 30 September 2023, representing a decrease of 3.5% compared to HK$743.6 million in the same period last year[16]. - Gross profit for the period was HK$104.1 million, with a gross profit margin of 14.5%, unchanged from the previous year[13]. - Operating profit decreased to HK$26.2 million from HK$33.5 million, indicating a decline of 21.8% year-on-year[13]. - Profit attributable to owners of the Company was HK$19.7 million, down from HK$26.7 million, reflecting a decrease of 26.3%[13]. - Basic earnings per share fell to 6.90 HK cents from 9.36 HK cents, a decline of 26.3%[13]. - The net profit margin for the period was 2.7%, down from 3.6% in the first half of 2022/23[31]. - The Group declared an interim dividend of HK4.0 cents per share, down from HK5.0 cents per share in the previous year[32]. - The Group recorded other net losses of HK$1.2 million for the period, compared to other net gains of HK$13.9 million in the previous year, primarily due to net foreign currency exchange losses[69]. - Profit for the period was HK$19.7 million, a decrease of HK$7.2 million or 27.0% compared to HK$26.9 million in the previous year, with basic earnings per share of HK6.90 cents[73]. - Other comprehensive loss for the period amounted to HK$20,521,000, compared to a loss of HK$32,753,000 in the previous year[153]. - Total comprehensive loss for the period was HK$856,000, a significant improvement from a loss of HK$5,805,000 in the same period of 2022[153]. Cash Flow and Liquidity - Cash and cash equivalents increased to HK$170.3 million from HK$138.2 million, showing a growth of 23.2%[13]. - The current ratio improved to 2.31 from 2.13, indicating better short-term financial health[13]. - The net cash position increased to HK$65.9 million as of September 30, 2023, compared to a net cash of HK$0.9 million as of March 31, 2023[90]. - For the six months ended 30 September 2023, cash generated from operations was HK$95,067,000, an increase of 7.5% compared to HK$88,458,000 for the same period in 2022[159]. - Net cash generated from operating activities was HK$89,513,000, up from HK$76,610,000, reflecting a growth of 16.1% year-over-year[159]. - Dividends paid during the six months ended 30 September 2023 amounted to HK$19,934,000, compared to HK$17,087,000 in the same period of 2022, indicating an increase of 16.9%[159]. Business Segments - Sales from electronic products, the Group's core business, amounted to HK$590.2 million, representing a year-on-year decrease of 7.9%[38]. - The pet business recorded sales of HK$127.3 million, a year-on-year increase of 23.8%, accounting for 17.7% of total sales[41]. - Revenue from the electronic products segment was approximately HK$590.2 million, a decrease of HK$50.6 million or 7.9% compared to the previous year, representing 82.3% of the Group's total revenue[82]. - Revenue from the pet-related products segment increased to approximately HK$127.3 million, an increase of HK$24.5 million or 23.8% compared to the previous period, representing 17.7% of the Group's total revenue[87]. Strategic Initiatives - The Group remains cautiously optimistic about business prospects for FY2023/24, focusing on expanding its product portfolio and leveraging its "China Plus One" strategy[18]. - The management plans to enhance production efficiency in Vietnam, which is now on par with facilities in China, to meet emerging demand[17]. - The establishment of an IoT department aims to develop a diversified IoT product portfolio, providing one-stop solutions for business partners[40]. - The Group's IoT product development has led to significant revenue growth, particularly from electronic paper displays produced in Vietnam[42][49]. - The "China Plus One" strategy continues to drive business development, leveraging production capabilities in both China and Vietnam[49][51]. - The Group is committed to enhancing product R&D and optimizing the pet health ecosystem to meet evolving consumer demands[47][53]. - The Group expects stable revenue growth from electronic products and increased orders in the IoT field in the future[49]. Financial Position - The Group's total assets as of September 30, 2023, were approximately HK$1,147.0 million, down from HK$1,231.2 million as of March 31, 2023[94]. - The Group's total liabilities as of September 30, 2023, were approximately HK$363.3 million, down from HK$426.8 million as of March 31, 2023[94]. - The liquidity ratio improved to 2.31 times as of September 30, 2023, compared to 2.13 times as of March 31, 2023[89]. - The debt ratio decreased to approximately 0.32 times as of September 30, 2023, from approximately 0.35 times as of March 31, 2023[94]. - The Group's net asset value decreased from HK$804.4 million as of March 31, 2023, to HK$783.6 million as of September 30, 2023[95]. - The Group's capital expenditures for the period were HK$2.2 million, primarily for machinery and equipment for production plants in China and Vietnam[97]. Corporate Governance - The Company complied with the Corporate Governance Code throughout the period, except for a deviation regarding the separation of the roles of Chairman and Chief Executive Officer until June 30, 2023[115][120]. - The Audit Committee reviewed the accounting policies and practices adopted by the Group and discussed risk management and internal control systems for the six months ended September 30, 2023[124][128]. - The Company confirmed compliance with the Model Code for Securities Transactions by Directors during the six months ended September 30, 2023[122][126]. - There was sufficient public float of not less than 25% of the Company's issued shares as required under the Listing Rules as of the report date[123][127]. Financial Risks and Instruments - The Group is exposed to various financial risks, including foreign exchange risk, cash flow and fair value interest rate risk, credit risk, and liquidity risk[182]. - The fair value estimation of the Group's financial instruments is categorized into three levels, with Level 1 being quoted prices in active markets[185]. - The Group maximizes the use of observable market data for fair value estimation, particularly for level 1 financial instruments[192]. - The financial risk management strategy emphasizes the importance of accurate fair value estimation to mitigate potential financial risks[199].

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，概不對因本公告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。 截至二零二三年九月三十日止六個月之未經審核中期業績公告 財務摘要 – 收益為717,500,000港元（二零二二年：743,600,000港元） – 毛利為104,100,000 港元（二零二二年：107,900,000港元） – 本公司擁有人應佔溢利為19,700,000港元（二零二二年：26,700,000港元） – 每股基本盈利為6.90 港仙（二零二二年：9.36港仙） – 董事會議決派發中期股息每股4.0港仙（二零二二年：中期股息每股5.0港仙） ...

Financial Performance - Total revenue for the year 2023 was HK$1,443,482,000, a decrease of 22.2% from HK$1,855,875,000 in 2022[13] - Revenue from electronic products was HK$1,243,928,000 in 2023, down 12% from HK$1,412,953,000 in 2022[13] - Revenue from pet-related products totaled HK$199,554,000, a significant decline from HK$442,922,000 in 2022, representing a decrease of 55.0%[13] - Revenue from the United States was HK$654,433,000, down 45.4% from HK$1,196,719,000 in 2022[13] - Revenue from the People's Republic of China increased to HK$411,843,000, up 51.6% from HK$271,799,000 in 2022[13] - Revenue for the year ended 31 March 2023 was HK$1,443.5 million, a decrease of approximately 22.2% compared to HK$1,855.9 million in the previous year[30] - Gross profit for the year was HK$202.9 million, with a gross profit margin of 14.1%, up from 13.9% in the previous year[30] - Profit attributable to shareholders increased by 5.9% to HK$59.8 million, compared to HK$56.5 million in the previous year[30] - Basic earnings per share were HK21.00 cents, an increase from HK19.83 cents in the previous year[30] - The Group recorded revenue of HK$1,443.5 million for the year ended 31 March 2023, a decrease of 22.2% compared to HK$1,855.9 million in the previous year[76] - Gross profit for the year was HK$202.9 million, representing a decrease of 21.3% from HK$257.7 million in the prior year[78] - The Group's profit for the year was HK$60.1 million, a 5.8% increase from HK$56.8 million in the prior year[76] Dividends - The company proposed a final dividend of HK4.0 cents per share and a special dividend of HK3.0 cents per share, totaling HK12.0 cents for the year[32] - The total proposed dividend for the year is HK$12.0 per share, consistent with the previous fiscal year[59] Business Strategy and Development - The company aims to become a technologically advanced and innovative partner in Asia, focusing on comprehensive electronics solutions and a pet health ecosystem[6] - The company is actively developing Internet of Things (IoT) technology, with stable growth in orders from a new innovative IoT partner focused on the European and American markets[36] - The Group plans to continue promoting business diversification and leverage the "China Plus One" strategy for steady development[70] - The Group aims to diversify its business and leverage the "China + 1" production layout advantage to ensure stable overall business development amid economic recovery opportunities[100] - The Group's focus on developing IoT technology has led to steady growth in orders from an innovative IoT company, contributing to revenue growth[58] Operational Performance - The pet business recorded sales of HK$199.6 million, a decrease of 54.9% from HK$442.9 million in the previous fiscal year, accounting for 13.8% of the Group's total sales[40] - The electronic products business generated revenue of HK$1,243.9 million, down 12.0% from HK$1,413 million in the previous year, representing 86.2% of total sales[57] - The Group's production capacity in the Dongguan plant was fully utilized due to increased order volumes from Mainland China, while the Vietnam plant is gradually receiving new business opportunities[63] - The Group's cooperation with new customers in producing Single-Board Computers and professional audio equipment began to yield significant revenue contributions in the second half of the year[63] Financial Position - Total bank borrowings decreased to HK$137.3 million from HK$206.0 million in the previous year[30] - The current ratio improved to 2.13, up from 1.80 in the previous year[30] - As of March 31, 2023, the Group's current assets were approximately HK$870.4 million and current liabilities were approximately HK$408.2 million, resulting in a liquidity ratio of 2.13 times[85] - The Group's total assets and total liabilities as of March 31, 2023, were approximately HK$1,231.2 million and HK$426.8 million, respectively, with a debt ratio of approximately 0.35 times[86] - The net asset value of the Group decreased from HK$810.0 million as of March 31, 2022, to HK$804.4 million as of March 31, 2023[86] - The Group had aggregate banking facilities of approximately HK$822.7 million as of March 31, 2023, with unused facilities of HK$682.3 million[86] Corporate Governance - The company is committed to maintaining high standards of corporate governance and transparency[160] - The Company has complied with all applicable code provisions of the Corporate Governance Code, except for code provision C.2.1[167] - The Board is responsible for risk management and internal control systems, ensuring reasonable assurance of achieving business objectives[186] - The Board holds at least four meetings annually to review business development and overall strategic policies[187] - The Company has complied with the Listing Rules regarding the appointment of at least three independent non-executive directors, ensuring one has appropriate professional qualifications[200] Management and Leadership - Dr. Ng Chi Ho held both the Chairman and CEO positions until July 1, 2023, when Dr. Ng Man Cheuk was appointed as CEO[140] - The management team includes experienced professionals with extensive backgrounds in finance, accounting, and technology[160] - The management team regularly discusses sustainability issues and makes appropriate recommendations[174] Sustainability and Community Engagement - The company is committed to environmental protection and nurturing talent while providing quality products and services[18] - The Group has established a sustainable development management framework to oversee relevant work and ensure high-quality product delivery[174] - The Group is actively engaged in community and civic initiatives to support local development[158]