Executive Compensation - Universal Technologies Holdings Limited reported a total compensation of HKD 70,000 for a senior executive for the year ended December 31, 2011, which included HKD 68,000 in other benefits and HKD 2,000 in retirement plan contributions[6]. - For the year ended December 31, 2012, the same senior executive received a total compensation of HKD 69,000, comprising HKD 67,000 in other benefits and HKD 2,000 in retirement plan contributions[9]. - There were no stock options granted to the senior executive in both 2011 and 2012, and no joining or signing bonuses were paid by the group[10]. - The group did not pay any discretionary bonuses or severance payments to the senior executive during the reported years[10]. Corporate Governance - The chairman and CEO of Universal Technologies Holdings Limited is Mr. Chan King Yeung, who has been in the position since November 18, 2011[7]. - The board of directors includes three executive directors, one non-executive director, and three independent non-executive directors as of April 14, 2025[12].

Financial Performance - Revenue for the twelve months ended December 31, 2024, was approximately HKD 331.05 million, an increase of about 3.7% compared to HKD 319.15 million for the same period in 2023[6] - The net loss attributable to shareholders for the twelve months ended December 31, 2024, was approximately HKD 69.13 million, a decrease of about 49.7% from HKD 137.34 million in the previous year[6] - Basic and diluted loss per share for the twelve months ended December 31, 2024, was HKD 1.25, compared to HKD 2.49 for the same period in 2023[8] - The total comprehensive loss for the period was HKD 114.805 million, compared to HKD 189.420 million in the previous year, indicating a significant reduction in overall losses[9] - For the twelve months ending December 31, 2024, the company recorded a net loss of HKD 102,752,000, compared to a net loss of HKD 192,709,000 for the same period in 2023, indicating an improvement in financial performance[24] - The company's loss attributable to shareholders for the year ended December 31, 2024, was HKD 69,127,000, a significant improvement compared to a loss of HKD 137,336,000 in 2023, indicating a reduction in losses by about 50%[40] Revenue Breakdown - Revenue from water supply and related services increased to HKD 294,307,000 from HKD 286,829,000, representing a growth of about 2.6%[25] - Total reported segment revenue for the year ended December 31, 2024, was HKD 331,049,000, an increase from HKD 319,147,000 in 2023, representing a growth of approximately 3%[38] - Revenue from water supply and related services was approximately HKD 308,422,000, an increase of 3.47% or about HKD 10,343,000 compared to the previous year[63] - The property investment and development segment generated revenue of approximately HKD 22,527,000, up from HKD 20,809,000, reflecting an increase of about 8.25%[63] - The financial services segment recorded revenue of approximately HKD 100,000, a significant decrease of 61% from HKD 259,000 in the previous year[64] Cash Flow and Liquidity - The net cash generated from operating activities for the year ended December 31, 2024, was HKD 118,019,000, a decrease of 13.7% compared to HKD 136,907,000 in 2023[14] - The net cash used in investing activities significantly improved to HKD (28,167,000) from HKD (296,508,000) in the previous year, indicating a reduction of 90.5%[14] - The net cash used in financing activities also decreased to HKD (84,664,000) from HKD (166,190,000), reflecting a 49.1% reduction[14] - The net increase in cash and cash equivalents was HKD 5,188,000, a significant recovery from a decrease of HKD (325,791,000) in 2023[14] - As of December 31, 2024, cash and cash equivalents totaled HKD 228,010,000, slightly up from HKD 226,402,000 at the beginning of the year[14] - The company's cash and bank balances increased to HKD 146,323,000 from HKD 102,770,000, representing a growth of 42.3%[14] - The company has unutilized bank financing of HKD 445,034,000 as of December 31, 2024, which supports its liquidity position[24] Assets and Liabilities - Non-current assets decreased to HKD 1,450.970 million as of December 31, 2024, from HKD 1,517.086 million in the previous year[11] - Current liabilities increased to HKD 986.808 million as of December 31, 2024, compared to HKD 785.097 million in the previous year, indicating a rise in short-term financial obligations[12] - The company's net assets decreased to HKD 497.440 million as of December 31, 2024, from HKD 613.513 million in the previous year, reflecting a decline in overall equity[13] - The total equity attributable to shareholders as of December 31, 2024, was HKD 707,779,000, down from HKD 799,224,000 in 2023, indicating a decline of 11.5%[16] - The company's total current liabilities amounted to HKD 498,227,000 as of December 31, 2024[24] Shareholder and Capital Structure - The board did not recommend the payment of an interim dividend for the twelve months ended December 31, 2024, consistent with the previous year[6] - The company repurchased 11,670,000 shares at a total cost of HKD 1,268,000 during the year, compared to 3,680,000 shares for HKD 495,000 in the previous year[16] - The company's issued and paid-up share capital remains at HKD 55,130,000, with 5,513,000,000 shares issued as of December 31, 2024[58] - The company has capital commitments of HKD 5,569,000 for properties, plants, and equipment, down from HKD 14,968,000 in the previous year[59] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the interim financial report for the period ending December 31, 2024[140] - The company has maintained the required public float according to listing rules as of the report date[136] - The company has adopted the corporate governance code and has complied with applicable provisions, with some deviations noted regarding the roles of the chairman and CEO[137] Foreign Exchange and Risk Management - The company reported a significant decrease in foreign exchange losses, with a net loss of HKD 2,170,000 compared to HKD 7,218,000 in the previous year[26] - The company has not entered into any arrangements to hedge foreign exchange risks, which may impact operational performance due to fluctuations in the exchange rates of RMB and HKD[106] - The group is closely monitoring foreign exchange rate fluctuations to manage currency risk[106] Employment and Operational Changes - The group has a total of 410 employees as of December 31, 2024, a slight decrease from 412 employees a year earlier[99] - The group entered into a lease agreement for a commercial property in Guangzhou, China, with a total floor area of approximately 8,944 square meters, starting from January 1, 2025, with a monthly rent of RMB 686,712 (approximately HKD 730,675) for the first year[101] Strategic Initiatives - The company plans to review its investment property portfolio and adjust its investment strategy as necessary to improve cash flow[24] - The company plans to focus on water supply and property investment and development businesses to provide stable revenue sources while exploring potential investment opportunities in other segments[66]

Financial Performance - Revenue for the twelve months ending December 31, 2024, was approximately HKD 331.05 million, an increase of about HKD 11.9 million or 3.7% compared to HKD 319.15 million for the same period in 2023[4] - Net loss attributable to shareholders for the twelve months ending December 31, 2024, was approximately HKD 69.13 million, a decrease of about HKD 68.21 million from HKD 137.34 million in the previous year[4] - Basic and diluted loss per share for the twelve months ending December 31, 2024, was HKD 1.25, compared to HKD 2.49 for the same period in 2023[4] - Total comprehensive loss for the twelve months ending December 31, 2024, was HKD 114.805 million, compared to HKD 189.420 million in the previous year[6] - The company reported a total comprehensive loss for the period of HKD 90,177,000, compared to a loss of HKD 158,374,000 in the previous year, indicating an improvement of 43%[13] - The group recorded a net loss of HKD 102,752,000 for the twelve months ended December 31, 2024, compared to a net loss of HKD 192,709,000 in 2023, indicating an improvement in financial performance[21] - The company's loss attributable to shareholders for the twelve months ended December 31, 2024, was HKD (69,127,000), a significant improvement from HKD (137,336,000) in 2023, indicating a reduction in losses by about 49.7%[40] Revenue Breakdown - Water supply and related services revenue increased to HKD 294,307,000 from HKD 286,829,000, reflecting a growth of 2.1%[20] - Revenue from water supply and related services was approximately HKD 308,422,000, up 3.47% or about HKD 10,343,000 year-on-year, driven by increased installation, construction, and maintenance income[68] - The property investment and development segment recorded revenue of approximately HKD 22,527,000, an increase of about HKD 1,718,000 from the previous year, supported by improved market conditions and consumer confidence[68] - The financial services segment reported revenue of approximately HKD 100,000, a decrease of 61% compared to HKD 259,000 in the previous year, due to enhanced credit monitoring for margin clients[69] Cash Flow and Liquidity - The net cash generated from operating activities for the year ended December 31, 2024, was HKD 118,019,000, a decrease of 13.7% compared to HKD 136,907,000 in 2023[11] - The net cash used in investing activities significantly improved to HKD (28,167,000) from HKD (296,508,000) in the previous year, indicating a reduction of 90.5%[11] - The net cash used in financing activities also decreased to HKD (84,664,000) from HKD (166,190,000), reflecting a reduction of 49.1%[11] - The net increase in cash and cash equivalents was HKD 5,188,000, a significant recovery from a decrease of HKD (325,791,000) in 2023[11] - As of December 31, 2024, cash and cash equivalents totaled HKD 228,010,000, slightly up from HKD 226,402,000 at the beginning of the year[11] - Cash and bank balances increased to HKD 146,323,000 from HKD 102,770,000, representing a growth of 42.3%[11] - Cash and bank balances increased to HKD 149,589,000 in 2024 from HKD 106,034,000 in 2023, representing an increase of 41%[53] Assets and Liabilities - Non-current assets as of December 31, 2024, totaled HKD 1,450.97 million, down from HKD 1,517.086 million in the previous year[8] - Current liabilities increased to HKD 986.808 million as of December 31, 2024, compared to HKD 785.097 million in the previous year[9] - Net assets as of December 31, 2024, were HKD 497.440 million, a decrease from HKD 613.513 million in the previous year[9] - The group’s total liabilities included a net current liability of HKD 498,227,000 as of December 31, 2024, indicating a need for careful cash flow management[21] - The group's asset-liability ratio increased to 73% as of December 31, 2024, compared to 69% as of December 31, 2023[109] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules, with a deviation where the roles of Chairman and CEO are held by the same individual, which is against the code's stipulation[129] - The board will regularly review and propose amendments as necessary to ensure compliance with the corporate governance code[130] - The Audit Committee, established in October 2001, comprises three independent non-executive directors and is responsible for reviewing financial reporting procedures and risk management systems[134] - The second interim financial report for the twelve months ending December 31, 2024, has been reviewed by the Audit Committee but not audited[134] Future Plans and Commitments - The group plans to focus on water supply and property investment and development businesses to provide stable income sources while exploring potential investment opportunities in other segments[72] - The company will consider raising additional debt or equity financing for any significant expansion, development, investment, or acquisition that may arise in the future[118] - The company has capital commitments for property, plant, and equipment amounting to HKD 5,569,000 in 2024, down from HKD 14,968,000 in 2023[62]

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 147.05 million, a decrease of about 4% compared to HKD 153.09 million for the same period last year[2]. - Net loss attributable to shareholders for the six months ended June 30, 2024, was approximately HKD 40.6 million, a slight decrease from HKD 41.59 million in the previous year[2]. - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.74, compared to HKD 0.75 for the same period last year[2]. - Total comprehensive loss for the six months ended June 30, 2024, was HKD 69.234 million, down from HKD 95.592 million in the previous year[6]. - The company recorded a net loss of HKD 61,554,000 for the six months ended June 30, 2024, compared to the previous year's performance, indicating ongoing financial challenges[16]. - The group reported a revenue of approximately HKD 147,049,000 for the six months ended June 30, 2024, a decrease of 4% or about HKD 6,042,000 compared to HKD 153,091,000 in the same period last year[78]. - The group recorded a net loss attributable to shareholders of approximately HKD 40,595,000, a slight decrease of about HKD 997,000 from a net loss of HKD 41,592,000 in the previous year[79]. Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to HKD 1,449.902 million, a decrease from HKD 1,517.086 million as of December 31, 2023[7]. - Current assets as of June 30, 2024, totaled HKD 507.132 million, down from HKD 525.296 million as of December 31, 2023[8]. - Total liabilities as of June 30, 2024, were HKD 809.138 million, compared to HKD 785.097 million as of December 31, 2023[9]. - Net assets as of June 30, 2024, were HKD 543.862 million, a decrease from HKD 613.513 million as of December 31, 2023[9]. - The net current liabilities as of June 30, 2024, were HKD 302,006,000, highlighting liquidity concerns[16]. - The group's total liabilities decreased to HKD 147,774,000 as of June 30, 2024, from HKD 154,217,000 as of December 31, 2023, indicating a reduction of approximately 4.1%[61]. - The asset-liability ratio as of June 30, 2024, was 71%, up from 69% as of December 31, 2023[97]. Cash Flow - For the six months ended June 30, 2024, the net cash generated from operating activities was HKD 51,420,000, a decrease of 18.1% compared to HKD 62,807,000 for the same period in 2023[10]. - The net cash used in investing activities was HKD (10,510,000), significantly improved from HKD (186,143,000) in the previous year, indicating a reduction in capital expenditures[10]. - The net cash used in financing activities was HKD (51,227,000), compared to HKD (58,155,000) in the prior year, reflecting a decrease of 11.5%[10]. - The total cash and cash equivalents decreased by HKD 10,317,000, a significant improvement from a decrease of HKD 181,491,000 in the same period last year[10]. - As of June 30, 2024, the company had cash and cash equivalents of HKD 213,816,000, down from HKD 367,706,000 at the end of June 2023[10]. Revenue Breakdown - Revenue from water supply and related services was HKD 132,560,000, down from HKD 135,320,000, reflecting a decline of 2.0%[17]. - The property investment and development segment recorded revenue of approximately HKD 12,001,000, a decrease of about HKD 2,594,000 from HKD 14,595,000 in the previous year, attributed to a slowdown in market recovery and weakened consumer sentiment[78]. - The financial services segment generated revenue of approximately HKD 34,000, down 82% from HKD 187,000 in the same period last year, due to poor performance in the Hong Kong stock market affecting investor confidence[78]. Cost Management - The company reported a decrease in operating costs, employee costs, administrative expenses, and financial costs contributing to the reduced net loss[2]. - Employee costs, including directors' remuneration, decreased to HKD 24,847,000 from HKD 28,363,000, a reduction of 12.0%[21]. - General and administrative expenses were approximately HKD 33,776,000, a decrease of about HKD 908,000, mainly due to reduced operating and employee costs[82]. - Financial expenses were approximately HKD 21,118,000, a decrease of about HKD 4,432,000, primarily due to the repayment of part of the bank loans[84]. Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2024[2]. - The company has a significant shareholder structure, with 永城, 朱女士, and Affluent Vast collectively holding 1,561,140,000 shares, representing 28.32% of the total issued share capital[114]. - 博舜 holds 600,000,000 shares, accounting for 10.88% of the total issued share capital[114]. - The company has not disclosed any other individuals with significant shareholdings or derivatives as of June 30, 2024[116]. Corporate Governance and Strategy - The company emphasizes the importance of environmental, social, and governance (ESG) responsibilities and is committed to maintaining high corporate governance standards and effective resource allocation[80]. - The company will continue to focus on market expansion and new strategies[136]. - The board consists of a total of seven members, ensuring diverse oversight[136]. - The company aims to enhance shareholder value through strategic initiatives[136].

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 147.05 million, a decrease of about HKD 6.04 million or 4% compared to HKD 153.09 million for the same period last year[1]. - The net loss attributable to shareholders for the six months ended June 30, 2024, was approximately HKD 40.6 million, a decrease of about HKD 0.99 million from HKD 41.59 million for the same period last year[1]. - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.74, compared to HKD 0.75 for the same period last year[1]. - The gross profit for the six months ended June 30, 2024, was HKD 12.31 million, an increase from HKD 10.66 million for the same period last year[2]. - The company reported a total comprehensive loss of HKD 69.23 million for the six months ended June 30, 2024, compared to HKD 95.59 million for the same period last year[3]. - The company reported a loss before tax of HKD 41,115,000 for the six months ended June 30, 2024, compared to a loss of HKD 51,459,000 in 2023[18]. - The net loss attributable to shareholders for the six months ended June 30, 2024, was HKD 40,595,000, compared to a loss of HKD 41,592,000 for the same period in 2023[21]. Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HKD 147,049,000, a decrease of 3.4% from HKD 153,091,000 in 2023[12]. - Water supply and related services revenue was HKD 132,560,000, down from HKD 135,320,000, reflecting a decline of 2.0%[12]. - Rental and property management service revenue decreased to HKD 12,001,000 from HKD 14,595,000, a drop of 17.8%[12]. - The financial services segment reported revenue of approximately HKD 34,000, a significant decrease of 82% compared to HKD 187,000 in the same period last year, due to poor performance in the Hong Kong stock market[46]. Cash and Assets - Cash and cash equivalents as of June 30, 2024, were HKD 112.20 million, down from HKD 233.85 million as of June 30, 2023[6]. - The total assets less current liabilities as of June 30, 2024, were HKD 1,147.90 million, compared to HKD 1,257.29 million as of December 31, 2023[5]. - The company has unutilized bank financing of HKD 439,277,000 as of June 30, 2024[11]. - The company's total equity attributable to shareholders was HKD 744,258,000 as of June 30, 2024[7]. - The fair value of investment properties decreased by HKD 32,590,000 during the period, resulting in a net value of HKD 588,708,000 as of June 30, 2024[24]. Liabilities and Financial Position - As of June 30, 2024, the company's current liabilities net amount to HKD 302,006,000[11]. - The company's accumulated losses amounted to HKD 583,552,000 as of June 30, 2024[7]. - The total liabilities to total assets ratio increased to 71% on June 30, 2024, compared to 69% on December 31, 2023[76]. - The company has a total of HKD 817,075,000 in secured bank loans as of June 30, 2024, down from HKD 866,798,000 as of December 31, 2023[38]. Dividends and Share Capital - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[1]. - The company's issued and paid-up share capital remains at HKD 55,130,000, with 5,513,000,000 shares as of June 30, 2024[41]. Operational Insights - The group plans to continue focusing on property investment and development in China and overseas, seeking potential investment opportunities to increase recurring income and achieve capital appreciation[47]. - The group anticipates that the water supply and property investment and development businesses will continue to provide stable income sources[48]. - The group is committed to maintaining high corporate governance standards and effective management systems to enhance competitiveness and long-term shareholder returns[48]. Audit and Governance - The independent review report for the interim results has been conducted by the auditor without any modifications, confirming the group's financial standing[86]. - The audit committee, consisting of three independent non-executive directors, oversees the financial reporting process and risk management systems[87]. - The interim financial report for the six months ending June 30, 2024, has not been audited but has been reviewed by the company's auditor[87].

Financial Performance - The group reported a net loss of HKD 192,709,000 for the fiscal year ending December 31, 2023[21]. - As of December 31, 2023, the group's net current liabilities amounted to HKD 259,801,000[21]. Financial Resources and Obligations - The group has unutilized bank financing of HKD 420,326,000 as of December 31, 2023[21]. - The board believes that the group has sufficient financial resources to meet its financial obligations in the foreseeable future[5]. - The company has maintained a strong banking relationship and expects to renew all bank financing upon maturity[21]. - The financial statements have been prepared on a going concern basis, with no significant uncertainties affecting the group's ability to continue operations[5]. Share Incentive Plan - The total number of shares that can be issued under the share incentive plan is 551,300,000, representing 10.0% of the company's issued share capital[6]. - There have been no share rewards granted under the share incentive plan since its adoption on January 15, 2021[16]. Strategic Plans - The company plans to review its investment property portfolio and adjust investment strategies as necessary to improve cash flow[21]. Reporting - The announcement serves as a supplement to the full-year results and annual report for 2023[22].

Financial Performance - The group reported a net loss attributable to shareholders of approximately HKD 137,336,000 for the year ended December 31, 2023, an increase of approximately HKD 33,268,000 compared to the previous year's loss of HKD 104,068,000[11]. - The company's revenue for the year ended December 31, 2023, was HKD 319.15 million, a decrease of HKD 29.85 million or 8.6% compared to HKD 349.00 million in 2022, primarily due to reduced income from the water supply business and rental income from commercial properties in China[102]. - The group's main business revenue was approximately HKD 319,147,000 for the year, a decrease of 8.6% or about HKD 29,853,000 compared to last year's revenue of HKD 349,000,000[169]. - Revenue from the water supply and related services segment was approximately HKD 296.11 million, a decrease of 5% or HKD 15.89 million from HKD 311.99 million in the previous year, primarily due to a decline in water consumption from commercial users[126]. - The investment properties and development segment recorded revenue of approximately HKD 22.78 million, down from HKD 33.06 million, reflecting a decrease of about HKD 10.28 million due to increased vacancy rates[126]. - The group recorded financial expenses of HKD 48,597,000 for the year ended December 31, 2023, a decrease of 9.7% compared to the previous fiscal year due to partial repayment of bank loans[137]. - The group reported a tax credit of HKD 12,750,000 for the year ended December 31, 2023, compared to a tax expense of HKD 13,015,000 in the previous year, primarily due to impairment losses on certain assets in the water supply and related businesses[137]. Assets and Liabilities - The group's receivables decreased by HKD 8,187,000 or 19% from HKD 42,659,000 as of December 31, 2022, to HKD 34,472,000 as of December 31, 2023, primarily due to reduced revenue from water supply and related businesses[2]. - The group's deposits, prepayments, and other receivables increased by HKD 84,460,000 to HKD 100,962,000 as of December 31, 2023, mainly due to receivables from independent third parties in the water supply business[3]. - The group's bank and other borrowings decreased by HKD 83,154,000 from HKD 949,952,000 as of December 31, 2022, to HKD 866,798,000 as of December 31, 2023, primarily due to loan repayments[4]. - The group's contract liabilities decreased by HKD 1,772,000 from HKD 15,873,000 as of December 31, 2022, to HKD 14,101,000 as of December 31, 2023, mainly due to reduced contract revenue from water supply and related businesses[6]. - The group's accounts payable increased by HKD 83,736,000 from HKD 266,707,000 as of December 31, 2022, to HKD 350,443,000 as of December 31, 2023, due to increased provisions for water supply costs related to ongoing litigation[4]. - The group's cash and bank balances and time deposits decreased from HKD 564,494,000 as of December 31, 2022, to HKD 229,666,000 as of December 31, 2023, a reduction of HKD 334,828,000 mainly due to bank loan repayments and deposits for property acquisitions[160]. - The group's non-current asset impairment loss was HKD 52,009,000 for the year ended December 31, 2023, an increase of HKD 18,875,000 compared to the previous year, primarily due to the water supply and related businesses[149]. - The group's inventory decreased from HKD 14,783,000 as of December 31, 2022, to HKD 5,627,000 as of December 31, 2023, a reduction of HKD 9,156,000 due to reclassification of certain assets as development properties[143]. - The group's investment properties decreased from HKD 656,381,000 as of December 31, 2022, to HKD 603,127,000 as of December 31, 2023, a reduction of HKD 53,254,000 attributed to impairment losses and currency depreciation[138]. Governance and Management - The board held five meetings, two audit committee meetings, two nomination committee meetings, and two remuneration committee meetings during the year[81]. - The company encourages all directors to participate in continuous professional development to enhance their knowledge and skills, providing training materials and updates on regulatory developments[82]. - The board is responsible for approving and monitoring the overall strategy and policies of the group, focusing on growth and financial performance[75]. - The company has adopted the standards of conduct for securities trading as outlined in the listing rules, ensuring compliance by its directors[78]. - The independent non-executive directors are required to submit written confirmations of their independence annually[85]. - The chairman is responsible for leading the board and ensuring effective governance practices are followed[86]. - The company’s organizational articles allow for the removal of directors by ordinary resolution at the shareholders' meeting[87]. - The nomination committee evaluates the independence of candidates nominated for independent non-executive director positions before their appointment[93]. Strategic Outlook - The company anticipates a slowdown in global economic growth in 2024, with inflation decreasing and the U.S. Federal Reserve's interest rate hike cycle potentially coming to an end[30]. - The company plans to maintain a cautious approach in response to external environmental changes, regularly reviewing its existing business and strategies to enhance risk management and strict cost control[30]. - The water supply and property investment and development businesses are expected to continue providing stable income for the company[30]. - The company aims to explore significant property projects in China and overseas, seeking new business and investment opportunities to enhance market competitiveness and diversify income sources[30]. - The company plans to adjust strategies prudently in response to market opportunities and risks, aiming for sustainable development and shareholder returns[115][128]. - The company will continue to focus on providing safe water and enhancing risk management to improve corporate image[128]. - The overall economic environment remains complex, with geopolitical and macroeconomic uncertainties impacting the recovery of the Chinese consumer market[115]. Employee and Corporate Culture - The group emphasizes employee training and development as a key element for long-term sustainable growth, providing training and career development pathways[170]. - The group has not made any significant investments, acquisitions, or disposals other than those disclosed in the report for the year ending December 31, 2023[172]. - The group is committed to improving corporate governance, corporate culture, and internal control standards to enhance sustainable development and long-term shareholder returns[170]. Ownership Structure - Major shareholder Ms. Zhu, along with Affluent Vast and Yongcheng, holds a total of 1,561,140,000 shares, representing 28.32% of the company's issued share capital[199]. - Yongcheng directly holds 961,140,000 shares, while 600,000,000 shares are held by Bosun, indicating a significant ownership structure[199]. - Affluent Vast is wholly and beneficially owned by Ms. Zhu, establishing a clear control chain over Yongcheng and Bosun[199]. - The company has a complex ownership structure involving multiple entities controlled by Ms. Zhu and her family through New Century[200].

Financial Performance - For the year ended December 31, 2023, the revenue was HKD 319.15 million, a decrease of HKD 29.85 million or 8.6% compared to HKD 349.00 million in 2022, primarily due to reduced income from water supply and commercial property rentals in China [2]. - The net loss attributable to shareholders for the year was HKD 137.34 million, an increase of HKD 33.27 million from HKD 104.07 million in 2022, mainly due to adverse market conditions leading to asset impairment losses and a decrease in the fair value of investment properties [2]. - Basic and diluted loss per share for the year was HKD 2.49, compared to HKD 1.89 in 2022 [2]. - The total comprehensive loss for the year was HKD 189.42 million, compared to HKD 230.49 million in 2022 [10]. - The group reported a net loss of HKD 192,709,000 for the year ending December 31, 2023, with a net current liability of HKD 259,801,000 [35]. - The total comprehensive loss for the year ending December 31, 2023, was HKD 189,420,000, with a loss of HKD 137,336,000 attributable to equity holders [17]. - The company reported a net loss attributable to shareholders of HKD 137,336,000 in 2023, compared to a loss of HKD 104,068,000 in 2022, representing a 32% increase in losses [86]. - The total comprehensive loss for the year was HKD 230,488,000, which included a loss of HKD 104,068,000 attributable to equity holders [17]. Revenue and Income Sources - Revenue from water supply and related services decreased to HKD 286,829,000 in 2023 from HKD 302,238,000 in 2022, representing a decline of approximately 5.4% [37]. - Total revenue for the year was HKD 319,147,000, down from HKD 349,000,000 in the previous year, indicating a decrease of about 8.6% [37]. - Revenue from water supply and related services was approximately HKD 296,112,000, down 5% or about HKD 15,885,000 from approximately HKD 311,997,000 in the previous year, primarily due to a decrease in water consumption by commercial users and the depreciation of the RMB against the HKD [141]. - The group's financial services segment recorded revenue of approximately HKD 259,000, a decrease of about HKD 3,689,000 from last year's revenue of HKD 3,948,000, attributed to poor performance in the Hong Kong stock market [142]. Asset and Liability Changes - Non-current assets decreased to HKD 1,517.09 million from HKD 1,734.31 million in 2022, with significant reductions in property, plant, and equipment, and intangible assets [13]. - Current liabilities increased to HKD 785.10 million from HKD 639.85 million in 2022, with bank and other borrowings rising to HKD 255.98 million [15]. - The company's net assets decreased to HKD 613.51 million from HKD 1,085.16 million in 2022, reflecting a decline in reserves [15]. - Total assets decreased to HKD 2,042,382,000 in 2023 from HKD 2,522,167,000 in 2022, reflecting a decline of approximately 19% [77]. - Total liabilities slightly decreased to HKD 1,428,869,000 in 2023 from HKD 1,437,012,000 in 2022 [77]. - The group's investment properties decreased from HKD 656,381,000 as of December 31, 2022, to HKD 603,127,000 as of December 31, 2023, a reduction of HKD 53,254,000 due to impairment losses [126]. - The group's intangible assets decreased from HKD 189,370,000 to HKD 122,340,000, a reduction of HKD 67,030,000, mainly due to impairment losses and amortization during the fiscal year [129]. Impairment and Loss Provisions - The company reported a significant increase in impairment losses on receivables, totaling HKD 52.01 million compared to HKD 33.13 million in 2022 [4]. - The fair value change of investment properties resulted in a loss of HKD 32.59 million, contrasting with a gain of HKD 1.26 million in the previous year [4]. - The company recognized goodwill impairment losses of HKD 11,328,000, an increase of HKD 11,328,000 from the previous year, primarily related to the financial services business [96]. - Non-current asset impairment losses increased to HKD 52,009,000, up HKD 18,875,000 from the previous year, mainly due to the water supply and related services [97]. - The company reported a loss provision of HKD 3,095,000 for other receivables in 2023, significantly higher than the HKD 571,000 provision in 2022, marking an increase of about 442.5% [68]. Cash Flow and Financing - Interest expenses on bank loans amounted to HKD 48,597,000 in 2023, compared to HKD 53,824,000 in 2022, reflecting a reduction of approximately 9.5% [40]. - The group maintained unused bank financing of HKD 420,326,000 as of December 31, 2023, supporting its ability to continue as a going concern [35]. - The group expects to have sufficient financial resources to meet its financial obligations in the foreseeable future based on projected cash flows [35]. - Cash and bank balances decreased to HKD 229,666,000, down HKD 334,828,000 from the previous year, primarily due to loan repayments and deposits for property acquisitions [111]. - Bank and other borrowings decreased to HKD 866,798,000, down HKD 83,154,000 from the previous year, mainly due to loan repayments [112]. Corporate Governance and Future Outlook - The company has adopted corporate governance principles to enhance shareholder value and protect stakeholder interests [187]. - The group plans to continue exploring potential investment and development opportunities in the property market to increase recurring income and capital appreciation [171]. - For 2024, the group anticipates a slowdown in global economic growth and will adopt a cautious approach to regularly review its existing business and assess strategies in response to market conditions [172]. - The board believes that the group's existing financial resources are sufficient to meet its current obligations and operational capital needs [177]. Employee and Operational Changes - As of December 31, 2023, the total number of employees was 412, an increase from 405 in the previous year [174]. - The company has not purchased, sold, or redeemed any of its listed securities during the year [186]. - The company plans to hold its annual general meeting on or before June 30, 2024 [185].

Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately HKD 153.09 million, a decrease of about HKD 16.05 million or 9% compared to HKD 169.14 million for the same period last year[23]. - The net loss attributable to shareholders for the six months ended June 30, 2023, was approximately HKD 41.59 million, a decrease of about HKD 1.91 million compared to HKD 43.50 million for the same period last year[29]. - The basic and diluted loss per share for the six months ended June 30, 2023, was HKD 0.75, compared to HKD 0.79 for the same period last year[20]. - The company's operating loss before tax for the six months ended June 30, 2023, was HKD 51.46 million, compared to HKD 60.50 million for the same period last year[22]. - The company reported a gross profit of HKD 10.66 million for the six months ended June 30, 2023, compared to HKD 11.49 million for the same period last year[22]. - The total comprehensive loss for the period was HKD (95,592,000), slightly improved from HKD (99,834,000) in the prior year[56]. - The company did not recommend an interim dividend for the six months ended June 30, 2023, consistent with the previous year[52]. - The company incurred a loss attributable to shareholders of HKD 41,592 for the first half of 2023, slightly improved from a loss of HKD 43,500 in the same period of 2022[100]. Revenue Breakdown - The company’s financial services business reported a decrease in revenue, contributing to the overall decline in income[23]. - Revenue from water supply and related services decreased to HKD 135,320,000 for the six months ended June 30, 2023, down from HKD 147,481,000 in the same period of 2022, representing a decline of approximately 8.8%[88]. - The financial services segment recorded revenue of approximately HKD 187,000, a decrease of about HKD 3,575,000 or 95% compared to the previous year[182]. - Revenue from water supply and related services was approximately HKD 138,309,000, a decrease of 6% or about HKD 9,307,000 compared to the previous year, primarily due to a decline in water usage by commercial users[181]. - Reported segment revenue for the first half of 2023 was HKD 152,904, a decrease of 7.9% compared to HKD 165,377 in the same period of 2022[99]. Expenses and Costs - The cost of sales/services for the six months ended June 30, 2023, was approximately HKD 142,427,000, a decrease of about HKD 15,224,000 or 9.6% compared to the same period last year[170]. - Employee costs, including directors' remuneration, were HKD 24,689,000 for the six months ended June 30, 2023, down from HKD 27,518,000 in the same period of 2022, indicating a reduction of about 10.4%[70]. - For the six months ended June 30, 2023, the group recorded general and administrative expenses of approximately HKD 41,208,000, a decrease of about 20% compared to the same period last year[187]. - Financial expenses for the six months ended June 30, 2023, amounted to approximately HKD 25,550,000, an increase of about HKD 632,000 compared to the same period last year[189]. Assets and Liabilities - Total assets as of June 30, 2023, were HKD 1,797.05 million, compared to HKD 1,734.31 million as of December 31, 2022[35]. - The company's cash and bank balances decreased to HKD 236.93 million as of June 30, 2023, from HKD 426.79 million as of December 31, 2022[35]. - Non-current liabilities decreased to HKD 699.95 million as of June 30, 2023, from HKD 797.17 million as of December 31, 2022[36]. - The total liabilities decreased to HKD 136,919 thousand from HKD 146,301 thousand, indicating a reduction of 6.5%[134]. - The company reported total liabilities of HKD 301,103 as of June 30, 2023, an increase from HKD 264,069 at the end of 2022[112]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 62,807,000, compared to HKD 4,784,000 for the same period in 2022[38]. - The net cash used in investing activities was HKD (186,143,000) for the six months ended June 30, 2023, compared to HKD (19,443,000) in the previous year[38]. - The net decrease in cash and cash equivalents was HKD (181,491,000) for the period, compared to HKD (69,831,000) in the previous year[38]. - Cash deposits pledged to banks amounted to RMB 132,000,000 (approximately HKD 142,304,000) as of June 30, 2023, consistent with the previous year[109]. Future Outlook - The company expects to have sufficient financial resources to meet its financial obligations in the foreseeable future[47]. - The group expects to maintain a strong relationship with banks and anticipates refinancing all bank loans upon maturity[67]. - The group aims to explore significant property projects in China and overseas to enhance market competitiveness and diversify income sources[183]. - The group emphasizes corporate governance and employee training to improve sustainable development and long-term shareholder returns[184]. Other Financial Metrics - The total tax expense for the period was HKD 10,934, an increase from HKD 2,870 in the previous year, primarily due to higher corporate income tax in China[100]. - The group incurred a net foreign exchange loss of HKD 6,524,000 for the six months ended June 30, 2023, compared to HKD 11,639,000 in the same period of 2022, showing a decrease of approximately 43%[70]. - The group recorded a tax expense of approximately HKD 10,934,000, an increase of about HKD 8,064,000 compared to the same period last year, primarily due to increased taxable income from water supply and related businesses[190].

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，並明確表示概不就因本公佈全部或任何部份內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED 環 球 實 業 科 技 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1026） 截至二零二三年六月三十日止六個月 中期業績公佈 概要 － 截至二零二三年六月三十日止六個月的收入約為153.09百萬港元（截至二零二二年六月三十日 止六個月：約169.14百萬港元），較去年同期減少約16.05百萬港元或9%。該減少主要由於本 集團自來水供應業務、物業投資及發展業務及金融服務業務收入減少所致。 － 截至二零二三年六月三十日止六個月的本公司股東應佔虧損淨額約為41.59百萬港元（截至二 零二二年六月三十日止六個月：約43.50百萬港元），較去年同期減少約1.91百萬港元，主要由 於經營成本、員工成本及行政費用（包括匯兌虧損）減少所致，部分被利得稅開支增加抵銷。 － 截至二零二三年六月三十日止六個月的每股基本及 ...