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 就 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。 本公告所載資料僅基於董事會經審閱本集團2025年中期期間的未經審核綜合 管 理 賬 目 及 現 時 所 得 的 資 料 後 的 初 步 評 估，而 相 關 資 料 須 待 董 事 會 及 董 事 會 審 核 委 員 會 審 閱。因 此，本 集 團2025年中期期間的實際業績可能與本公告所 載 資 料 有 所 差 異。本 公 司 股 東 及 有 意 投 資 者 務 請 參 閱 本 公 司2025年中期期間 的 中 期 業 績 公 告（預 計 將 於2025年11月 底 或 之 前 刊 發）。 – 1 – 盈利警告 本公告乃由富士高實業控股有限公司* （「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 第13.09(1)條及香港 法例第571章證券及期貨條例第XI ...

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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 富士高實業控股有限公司 呈交日期: 2025年11月5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) | 00927 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000 ...

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 富士高實業控股有限公司 呈交日期: 2025年10月2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) | 00927 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊 ...

第 1 頁 共 10 頁 v 1.1.1 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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 富士高實業控股有限公司 呈交日期: 2025年9月3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) | 00927 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 20 ...

股東週年大會投票結果 茲提述富士高實業控股有限公司（* 「本公司」）所刊發日期為2025年7月18日之通函（「該通 函」）。本公告所用之詞彙與該通函所定義者具有相同涵義。 於2025年8月22日舉行之股東週年大會上，載於該通函內的股東週年大會通告所建議的 普通決議案（「決議案」）以投票方式進行表決。本公司的香港股份過戶登記分處香港中央 證券登記有限公司在股東週年大會上擔任監票人。 本公司執行董事楊志雄先生、源而細先生、周文仁先生、源子敬先生及楊少聰先生，以 及獨立非執行董事吳宏斌博士、車偉恒先生及謝勤女士均已親身或通過電子方式出席 股東週年大會。 由於大多數已點票數贊成普通決議案，董事會欣然宣佈於股東週年大會上正式通過所有 決議案。有關各決議案之投票結果如下： 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，概不就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。 | | | 贊成 | 反對 | | --- | --- | --- | --- | | | 普通決議案 | 投票股份數目 | 投票股份數目 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 富士高實業控股有限公司 呈交日期: 2025年8月6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) | 00927 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股 ...

Financial Performance - For the year ended March 31, 2025, revenue decreased to HK$925.56 million, down 6.7% from HK$992.52 million in 2024[9]. - Gross profit margin improved to 26.6%, an increase of 8.9 percentage points from 17.7% in the previous year[9]. - Net profit margin turned negative at -3.9%, a decline of 5.6 percentage points compared to 1.7% in 2024[9]. - Total assets decreased by 8.2% to HK$864.70 million from HK$942.03 million in 2024[9]. - Cash and cash equivalents fell by 27.3% to HK$236.76 million, down from HK$325.84 million[9]. - Shareholders' equity increased by 12.3% to HK$500.74 million from HK$570.95 million in 2024[9]. - Operating profit decreased to HK$17.17 million, down from HK$44.23 million in 2024[16]. - Profit attributable to equity holders of the Company was a loss of HK$36.11 million, compared to a profit of HK$17.17 million in 2024[16]. - Dividends per share decreased to HK7.0 cents from HK8.0 cents, reflecting a reduction of 12.5%[9]. - Current assets decreased to HK$703,806,000 in 2025, down 12.0% from HK$799,783,000 in 2024, primarily due to a reduction in cash and cash equivalents[17]. - The company's net current assets were HK$437,389,000, reflecting a decline of 18.0% compared to HK$533,624,000 in 2024[17]. - Total equity decreased to HK$591,646,000 in 2025, down 11.9% from HK$672,043,000 in 2024[17]. - The Group recorded a loss attributable to equity holders of approximately HK$36.1 million, compared to a profit of approximately HK$17.2 million in 2024, primarily due to a cash payment of approximately HK$90.7 million related to a settlement agreement[41]. Market and Economic Outlook - The International Monetary Fund (IMF) projects global economic growth to remain at 3.2% for 2025, with inflation expected to ease from 5.9% in 2024 to 4.5% in 2025[27]. - Global economic growth is forecasted to slow to approximately 1.9% in 2025, impacting market conditions and consumer sentiment[49]. - The global economic growth is projected to slow to approximately 1.9% in 2025, the lowest since the pandemic, largely due to the impact of new U.S. tariff policies disrupting global trade[53]. - The earphones and headphones market was valued at approximately US$71.16 billion in 2024, with expected revenue growth at a CAGR of 12.05% from 2025 to 2032, reaching nearly US$176.82 billion by 2032[49]. Strategic Initiatives - Fujikon has established a significant production foothold in Indonesia, enhancing its ability to capture overseas orders and penetrate new markets[25]. - The company is investing in automation technologies, including the installation of robotic arms, to improve production efficiency and reduce costs[26]. - Fujikon is optimistic about its strategic initiatives in the automotive industry, leveraging its electro-acoustic production capabilities to meet industry regulations[28]. - The establishment of production lines in Indonesia allows Fujikon to efficiently expand production capacity and replicate this model in other regions[29]. - The Group plans to strengthen its position in the automotive sector, with new products expected to commence production by the end of December 2025, offering stable revenue and profit[51]. - The Group is adopting a China Plus One strategy to navigate macroeconomic challenges and is helping customers shift production to offshore bases[50]. - The company has restructured its product portfolio to focus on products with longer life cycles, ensuring a consistent revenue stream and greater profitability[24]. Leadership and Governance - Mr. Yeung Chi Hung, the Chairman and CEO, has over 50 years of experience in the electronics and acoustics industry[76]. - Mr. Yuen Yee Sai, the Joint Deputy Chairman, also has over 50 years of experience in the electronics industry and extensive knowledge of trading in the PRC[77]. - Mr. Chow Man Yan, the Joint Deputy Chairman, has over 50 years of experience in production and material management within the electronics and acoustics industry[80]. - Mr. Yuen Chi King, the CFO, has over 10 years of experience in the financial securities industry and oversees the implementation of corporate strategy[81]. - Mr. Yeung Siu Chung, the COO, is committed to modernizing the company's management system and has over 20 years of experience in engineering and marketing[82]. - Dr. Ng Wang Pun, an Independent Non-Executive Director, holds a doctorate in business administration and has been involved in various advisory roles[85]. - The company has a strong leadership team with extensive industry experience, contributing to its strategic planning and operational efficiency[76][77][80][81][82]. Shareholder Information - As of March 31, 2025, the total number of shares in issue was 425,839,000, with key directors holding significant shares: Johnny Yeung (4.04%), Simon Yuen (15.16%), Michael Chow (18.77%), and Ben Yeung (17.52%)[139][140]. - Substantial shareholders holding 5% or more of the ordinary shares as of March 31, 2025, are recorded in the company's register[166]. - The five largest customers accounted for approximately 80.9% of the Group's total revenue, with the largest customer alone contributing about 25.4%[178][180]. - The five largest suppliers represented approximately 25.7% of the Group's total purchases[178][180]. Corporate Governance and Compliance - The Group's business operations and results may be influenced by various factors, with principal risks discussed in the "Chairman's Statement" and "Management Discussion and Analysis" sections[99]. - Environmental policies and compliance with local laws that significantly impact the Group are discussed in the "Environmental, Social and Governance Report" section[100]. - The Group's financial results for the Year are detailed in the consolidated statement of comprehensive income on pages 90 to 91 of the annual report[104]. - The Audit Committee reviewed the financial statements and confirmed compliance with applicable accounting standards and regulations[187]. - The auditor, PricewaterhouseCoopers, has not changed in the past three years and will offer themselves for re-appointment at the Annual General Meeting[196]. Dividends and Share Options - An interim dividend of HK2.0 cents per ordinary share was paid during the Year, with a final dividend of HK5.0 cents per ordinary share recommended, subject to shareholder approval[105]. - The company declared an interim dividend of HK$0.02 per ordinary share and proposed a final dividend of HK$0.05 per ordinary share, subject to shareholder approval[112]. - The company has adopted a Share Option Scheme to incentivize eligible participants for their contributions to the group's growth[154]. - The maximum number of shares that may be allotted to an individual participant under the Share Option Scheme is limited to 1% of the issued share capital in any 12-month period[150]. - A minimum vesting period of 12 months is required before options can be exercised, with shorter periods needing approval from the Directors or the remuneration committee[160].

Financial Performance - Revenue for the year ended March 31, 2025, was HKD 925.6 million, a decrease of 6.7% compared to HKD 992.5 million in 2024[6] - Loss attributable to equity holders was HKD 36.1 million, a decline of 310.3% from a profit of HKD 17.2 million in 2024[6] - Basic loss per share was HKD 0.085, compared to a basic earnings per share of HKD 0.040 in 2024[8] - Operating profit for the year was HKD 29,457,000, down from HKD 57,860,000 in 2024, reflecting a decrease of 49.1%[20] - The company reported a net loss of HKD 66,382,000 in the headset segment for 2025, compared to a loss of HKD 10,715,000 in 2024[17] - The company reported a loss attributable to equity holders of approximately HKD 36.1 million for 2025, compared to a profit of approximately HKD 17.2 million in 2024[30] Revenue Breakdown - Revenue from four major customers accounted for approximately HKD 685,331,000, with individual contributions of HKD 234,834,000, HKD 222,902,000, HKD 116,875,000, and HKD 110,720,000, each exceeding 10% of total revenue[18] - Revenue from the headset and audio segment decreased to approximately HKD 526.5 million, accounting for about 56.9% of total revenue, down from HKD 649.2 million in 2024[31] - Revenue from the accessories and parts segment increased to approximately HKD 399 million, representing about 43.1% of total revenue, up from HKD 343.3 million in 2024[32] Assets and Liabilities - Total assets less current liabilities amounted to HKD 598.3 million, down from HKD 675.9 million in 2024[10] - Non-current assets increased to HKD 160.9 million from HKD 142.2 million in 2024[9] - Current assets decreased to HKD 703.8 million from HKD 799.8 million in 2024[9] - Cash and cash equivalents were HKD 236.8 million, down from HKD 325.8 million in 2024[9] - Total equity attributable to equity holders decreased to HKD 500.7 million from HKD 570.9 million in 2024[10] - The accounts receivable net amount as of March 31, 2025, was HKD 187.5 million, down from HKD 303.6 million in 2024[25] - The accounts payable as of March 31, 2025, was HKD 105.2 million, a decrease from HKD 127.4 million in 2024[26] Dividends - Final dividend per share was HKD 0.050, down from HKD 0.060 in 2024[6] - The company proposed a final dividend of HKD 0.05 per share for the year ended March 31, 2025, down from HKD 0.06 in 2024[23] - The company plans to distribute a final dividend of HKD 0.05 per share for the fiscal year ending March 31, 2025, pending shareholder approval[27] Operational Efficiency - The group aims to strengthen its operational efficiency by restructuring production processes and outsourcing non-core tasks[36] - The group plans to increase automation investments in mainland China and Indonesia to reduce labor costs and improve production efficiency[36] - Distribution and sales expenses accounted for 48.9% and 51.1% of total expenses from the headset and accessory segments, respectively[18] Financial Position - The group maintains a strong financial position with a bank credit facility of approximately HKD 162 million, unchanged from 2024[37] - The group has provided corporate guarantees of approximately HKD 157.1 million for its subsidiaries' bank financing as of March 31, 2025[41] - The effective tax rate for the year was maintained at 16.5%, consistent with the previous year[21] Strategic Initiatives - The company has implemented a "China +1" strategy to attract potential customers and adapt to geopolitical challenges, enhancing production capacity in Indonesia to seize emerging opportunities[33] - The group recorded a net foreign exchange loss of approximately HKD 700,000 for the year, compared to a net gain of HKD 4.8 million in 2024[38] - The group has secured a major client in the automotive industry, with products expected to start production by December 2025, providing stable revenue for 7 to 10 years[34] Employee and Expenses - The group employed approximately 2,000 staff as of March 31, 2025, with total employee expenses of about HKD 261.6 million, down from HKD 281.7 million in 2024[40] - The company recorded a provision for bad debts of HKD 15,615,000, a significant improvement from a provision of HKD 27,459,000 in 2024[20] - The company recorded a provision reversal of approximately HKD 15.6 million for bad debts during the fiscal year, contributing to improved profitability[29]

Financial Performance - For the six months ended September 30, 2024, the Group's revenue totaled HK$516.4 million, representing a year-on-year increase of 4.8%[7]. - Gross profit amounted to HK$121.2 million, with a gross profit margin of 23.5%, up from 20.8% in the previous year[7]. - Profit for the accessories and components segment surged to HK$57.1 million, compared to HK$17.8 million in the previous year, attributed to business restructuring and new orders[10]. - The Group recorded net foreign exchange losses of approximately HK$6.9 million during the interim period, compared to net gains of HK$2.4 million in 2023, primarily due to the depreciation of the Renminbi[26]. - Profit for the period reached HK$39,680,000, up 24.8% from HK$31,806,000 in the same period last year[114]. - Total comprehensive income for the period was HK$47,460,000, significantly higher than HK$16,204,000 in the previous year[114]. - The profit before income tax for the period was HK$49,922,000, an increase of 25.3% compared to HK$39,893,000 in 2023[167]. Revenue Breakdown - Revenue from the headsets and headphones segment was HK$274.2 million, accounting for 53.1% of total revenue, a decrease from HK$318.7 million in the previous year[10]. - The accessories and components segment saw revenue rise to HK$242.2 million, up from HK$173.9 million, contributing 46.9% of total revenue[10]. - Revenue from external parties is derived from numerous customers and measured consistently with the condensed consolidated statement of comprehensive income[161]. - Revenue from headsets and headphones segment was approximately HK$167,598,000, down from HK$225,603,000 in 2023, representing a decline of 25.7%[167]. - Revenue from accessories and components segment increased to approximately HK$192,985,000, up from HK$164,527,000 in 2023, reflecting a growth of 17.3%[167]. - External revenue from Hong Kong was approximately HK$461,458,000, a decrease of 4.7% from HK$484,368,000 in 2023, while revenue from China increased significantly to approximately HK$54,927,000 from HK$8,196,000[167]. Economic Outlook - The global economic outlook remains uncertain, with growth projected to fall below the 2010s average in nearly 60% of economies[11]. - The earphones and headphones market is projected to grow at a CAGR of approximately 12% from 2024 to 2030, reaching nearly US$140.84 billion by 2030[11]. - The global economic outlook remains uncertain, with nearly 60% of economies expected to grow below the average rate of the 2010s from 2024 to 2025[14]. - The earphone and headphone market is projected to grow at a compound annual growth rate of approximately 12%, increasing from $63.51 billion in 2023 to nearly $140.84 billion by 2030[14]. Strategic Initiatives - The Group plans to focus on developing products with longer life cycles, particularly in the education and automotive sectors[12]. - Fujikon is engaged in R&D for new products in the gaming and automotive segments, with some projects nearing completion[12]. - The Group aims to expand its presence in the automotive market, leveraging its qualifications in high-quality electroacoustic production[12]. - Fujikon continues to invest in automation, including the installation of robotic arms for an upcoming automotive project, enhancing production efficiency and meeting large-volume orders[19]. - The Group is implementing a "Make or Buy" strategy to streamline operations, maintaining essential production in-house while outsourcing secondary production[20]. Human Resources and Corporate Governance - As of 30 September 2024, the Group employed approximately 2,200 employees, a decrease from 2,300 in 2023, with staff costs amounting to HK$138.5 million compared to HK$143.3 million in the previous year[28]. - The Group's human resources policies reward employees based on performance, with discretionary bonuses linked to both group and individual performance[28]. - The Remuneration Committee meets biannually to review the remuneration policies for directors and senior management, ensuring packages are aligned with market conditions and individual contributions[80][81]. - The Audit Committee plays a crucial role in linking the Board with the auditor, overseeing financial reporting and risk management processes[83][87]. - The company complied with the Corporate Governance Code, except for the separation of roles of chairman and chief executive officer[74]. Financial Position - The Group's net current assets as of September 30, 2024, amounted to approximately HK$516.8 million, a decrease of about 3.5% from HK$533.6 million as of March 31, 2024[26]. - Cash and cash equivalents were approximately HK$285.1 million as of September 30, 2024, representing a decrease of approximately 12.5% from HK$325.8 million as of March 31, 2024[26]. - Total current liabilities rose to HK$291,146,000 from HK$266,159,000, reflecting an increase of approximately 9.4%[106]. - Total equity as of September 30, 2024, was HK$674,353,000, compared to HK$672,043,000 as of March 31, 2024, indicating a slight increase of approximately 0.3%[108]. - The company reported a significant increase in investment properties, rising to HK$3,400,000 from HK$1,400,000, which is a growth of 142.9%[106]. Shareholder Information - The Board declared an interim dividend of HK2.0 cents per ordinary share for the Interim Period, consistent with the previous year[34]. - The total number of shares in issue as of 30 September 2024 was 425,839,000 shares[43]. - The interests of directors in the Company included 17,221,000 shares held by Yeung Chi Hung, Johnny (4.04% ownership), and 64,572,500 shares held by Yuen Yee Sai, Simon (15.16% ownership)[43]. - The company did not purchase, sell, or redeem any shares during the interim period[72]. Taxation and Compliance - The estimated assessable profits in Hong Kong are taxed at a rate of 16.5%, consistent with the previous year[196]. - The company is exempt from Bermuda income tax until March 2035[198]. - The company's subsidiaries in China are subject to a corporate income tax rate of 25%[198]. - A 10% withholding tax is levied on dividends declared to foreign investors from foreign investment enterprises established in China, effective from January 1, 2008[197].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 516,385,000, representing an increase of 4.0% compared to HKD 492,564,000 for the same period in 2023[6] - Gross profit for the same period was HKD 121,224,000, up 18.5% from HKD 102,322,000 year-on-year[6] - Operating profit increased to HKD 43,462,000, a rise of 29.4% from HKD 33,594,000 in the previous year[6] - Net profit for the period was HKD 39,680,000, compared to HKD 31,806,000, reflecting a growth of 24.7%[8] - Total comprehensive income for the period was HKD 47,460,000, significantly higher than HKD 16,204,000 in the same period last year[8] - Total revenue for the six months ended September 30, 2024, reached HKD 516.4 million, an increase of 4.8% compared to HKD 492.6 million in 2023[38] - Gross profit for the same period was HKD 121.2 million, with a gross margin of 23.5%, up from 20.8% in 2023[38] - Net profit attributable to equity holders was HKD 16.5 million, down from HKD 18.2 million in 2023[38] Revenue Breakdown - The revenue from external customers in Hong Kong was approximately HKD 461,458,000, a decrease from HKD 484,368,000 in 2023, reflecting a decline of about 4.0%[25] - The revenue from external customers in China increased significantly to approximately HKD 54,927,000, compared to HKD 8,196,000 in 2023, marking a growth of approximately 572.0%[25] - The revenue from the earphone and audio headset segment was HKD 274.2 million, a decrease from HKD 318.7 million in 2023, representing 53.1% of total revenue[40] - The accessories and components segment reported revenue of HKD 242.2 million, up from HKD 173.9 million in 2023, accounting for 46.9% of total revenue[41] Assets and Liabilities - Non-current assets increased to HKD 166,778,000 from HKD 142,244,000 as of March 31, 2024[10] - Current assets totaled HKD 807,940,000, slightly up from HKD 799,783,000[10] - The company reported a net asset value of HKD 674,353,000, compared to HKD 672,043,000 as of March 31, 2024[12] - The accounts receivable as of September 30, 2024, amounted to HKD 302.0 million, slightly down from HKD 303.6 million as of March 31, 2024[33] - The group provided corporate guarantees amounting to approximately HKD 157.1 million for its subsidiaries' bank financing[52] Dividends - The company declared an interim dividend of HKD 0.02 per share for the six months ended September 30, 2024, consistent with the dividend declared in 2023[30] - The company declared an interim dividend of HKD 0.02 per share, consistent with the previous year[36] Operational Developments - The company plans to focus on developing long-cycle products to diversify and stabilize revenue sources amid challenging market conditions[40] - The group has established its first offshore production base in Indonesia, with a major client confirming the relocation of its product assembly line from mainland China to this facility, set to begin deliveries in Q1 2025[45] - The group is focusing on developing long-cycle products, particularly in the automotive sector, to capture opportunities in education and automotive fields[45] - The group is enhancing automation in its production facilities in mainland China and Indonesia, which is expected to improve production efficiency and meet large-scale orders for advanced audio products[46] Financial Ratios - The group maintains a strong financial position with a current ratio of approximately 2.8 times and a quick ratio of approximately 2.2 times as of September 30, 2024[48] Employee and Market Conditions - The group employed approximately 2,200 employees as of September 30, 2024, down from 2,300 in 2023, with employee expenses totaling approximately HKD 138.5 million[50] - The global economic outlook remains uncertain, with a projected compound annual growth rate of approximately 12% for the earphone and headphone market from 2024 to 2030[42] - The group recorded a net foreign exchange loss of approximately HKD 6.9 million during the interim period, compared to a net gain of HKD 2.4 million in 2023, primarily due to the depreciation of the Renminbi[49] Accounting Standards - The company adopted revised accounting standards effective from April 1, 2024, with no significant impact on its accounting policies[16] - The company is currently evaluating the impact of new accounting standards that will take effect in future fiscal years, but has not yet determined any significant impact on its financial performance[22] Bad Debts and Depreciation - The company reported a provision for bad debts of HKD 3,653,000 for the six months ended September 30, 2024, compared to HKD 1,017,000 in 2023, which is an increase of approximately 259.0%[26] - The depreciation of property, plant, and equipment for the six months ended September 30, 2024, was HKD 10,291,000, compared to HKD 7,916,000 in 2023, reflecting an increase of about 30.0%[26]