股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 公司名稱: 毅興行有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年8月4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) | 01047 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 800,000,000 | HKD | | 0.1 | HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 800,000,000 | HKD | | 0.1 | HKD | | 80,000,000 ...

Financial Performance - Revenue from contracts with customers increased to HK$705,051,000, up 8.6% from HK$649,296,000 in the previous year[5] - Gross profit rose to HK$109,111,000, representing a 21.3% increase compared to HK$89,913,000 in the same period last year[5] - Operating profit improved to HK$12,602,000, a significant recovery from an operating loss of HK$3,523,000 in the prior year[5] - Loss for the period decreased to HK$5,842,000, down from HK$19,472,000 in the same period last year, indicating a 70% reduction in losses[5] - The company reported a basic and diluted loss per share of HK$1.84, an improvement from HK$4.99 in the prior year[7] - The Group reported a loss attributable to equity holders of HK$6,803,000 for the period, an improvement from a loss of HK$18,412,000 in the same period last year[119] - The basic loss per share for the period was HK$0.0184, compared to HK$0.0499 for the six months ended December 31, 2023[122] - The Group's profit before taxation turned around during the period, indicating improved performance[194] Assets and Liabilities - Non-current assets totaled HK$293,780,000, a decrease from HK$296,835,000 as of June 30, 2024[16] - Current assets decreased to HK$691,279,000 from HK$720,048,000, reflecting a decline in inventory levels[16] - Total equity decreased from HK$ 519,297,000 as of June 30, 2024, to HK$ 496,930,000 as of December 31, 2024, representing a decline of approximately 4.3%[19] - Total liabilities decreased from HK$ 497,586,000 to HK$ 488,129,000, a reduction of approximately 1.9%[19] - Current liabilities increased from HK$ 491,314,000 to HK$ 484,299,000, indicating a decrease of approximately 1.9%[19] - Non-current liabilities decreased from HK$ 6,272,000 to HK$ 3,830,000, a reduction of approximately 38.9%[19] - Total assets less current liabilities decreased from HK$ 525,569,000 to HK$ 500,760,000, a decline of about 4.7%[19] Cash Flow and Liquidity - Cash and bank balances increased to HK$134,713,000, up from HK$104,233,000, indicating improved liquidity[16] - For the six months ended December 31, 2024, cash generated from operations was HK$95,018,000, a significant increase from HK$10,503,000 in the same period of 2023[31] - The net cash generated from operating activities rose to HK$95,632,000 compared to HK$570,000 in the previous year, indicating strong operational performance[31] - Cash and cash equivalents at December 31, 2024, were HK$134,713,000, an increase from HK$108,968,000 at the same time last year[31] - The Group's cash and bank balances as of December 31, 2024, amounted to approximately HK$134,713,000[196] Segment Performance - Gross revenue from external customers reached HK$705,051,000, with a significant contribution from the Engineering segment at HK$449,172,000[88] - Operating profit for the Group was HK$12,602,000, driven primarily by the Trading segment, which reported an operating profit of HK$11,059,000[88] - The engineering plastics business saw a 9.9% year-on-year increase in turnover to HK$71,582,000, with profit before taxation rising to HK$7,521,000 from a loss of HK$2,028,000[182] - The plastic raw material trading business turnover increased by 12.6% to HK$449,172,000, with a slight increase in gross profit margin by 0.5 percentage points[184] - The colorants, pigments, and compounded plastic resins business turnover remained stable at HK$184,297,000, with profit before taxation decreasing to HK$10,505,000 from HK$14,422,000[183] Financial Risks and Management - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[56] - The Group's financial risk management includes the use of valuation techniques for financial instruments not traded in active markets[74] - The Group's net debt is calculated as total borrowings less cash and cash equivalents, contributing to the gearing ratio[196] Future Outlook and Strategy - The management remains cautiously optimistic about future development while adhering to a conservative strategy in the plastic raw material trading business[188] - The company plans to focus on the recovery trends in the tailor-made toy consumption and premium/gift market while optimizing its product portfolio in the engineering plastics sector[189] - The establishment of the first sales point in Vietnam is expected to contribute significant revenue in the future, given the strong domestic demand and manufacturing index[190] - The Group will continue to implement stringent cost control measures, including reductions in administrative, distribution, and production costs[194] - The Group aims for long-term stable growth and optimum returns to shareholders despite external challenges[195] Dividends and Shareholder Returns - The company paid dividends of HK$2,385,000 to non-controlling interests during the period[22] - The Board of Directors resolved not to declare any interim dividend for the six months ended 31st December 2024[174]

Financial Performance - Revenue from customer contracts for the six months ended December 31, 2024, was HKD 705,051,000, an increase of 8.6% compared to HKD 649,296,000 in 2023[2] - Gross profit for the same period was HKD 109,111,000, up 21.3% from HKD 89,913,000 in 2023[2] - Operating profit turned positive at HKD 12,602,000 compared to an operating loss of HKD 3,523,000 in the previous year[2] - The net loss for the period was HKD 5,842,000, significantly improved from a net loss of HKD 19,472,000 in 2023[3] - Basic and diluted loss per share improved to HKD 1.84 from HKD 4.99 in the previous year[3] - The group reported a total operating profit of HKD 12,602,000 for the six months ended December 31, 2024, compared to an operating loss of HKD 3,523,000 for the same period in 2023[21] - The loss attributable to shareholders narrowed significantly to HKD 6,803,000, compared to a loss of HKD 18,412,000 in the same period of 2023[36] - The company achieved an operating profit of HKD 12,602,000, reversing from an operating loss of HKD 3,523,000 in the previous year[36] Revenue Breakdown - External customer revenue from the trading segment was HKD 449,172,000, while the coloring agent segment generated HKD 184,297,000, and the engineering plastics segment contributed HKD 71,582,000[20] - The engineering plastics business saw a revenue increase of 9.9% to HKD 71,582,000, driven by a solid customer base and stable market demand[37] - The group's revenue for the coloring agents, color powders, and blends business was HKD 184,297,000, nearly flat compared to HKD 185,369,000 in the previous year, with a pre-tax profit of HKD 10,505,000, down from HKD 14,422,000[39] - The plastic raw material trading business saw a revenue increase of 12.6% year-on-year to HKD 449,172,000, up from HKD 398,791,000, with a slight increase in gross margin by 0.5 percentage points[39] - The group’s revenue from external customers outside Hong Kong was approximately HKD 546,532,000 for the six months ended December 31, 2024, an increase of 13.8% from HKD 480,263,000 in the same period of 2023[22] Assets and Liabilities - Total assets decreased to HKD 985,059,000 from HKD 1,016,883,000 as of June 30, 2024[10] - Current assets decreased to HKD 691,279,000 from HKD 720,048,000 as of June 30, 2024[8] - Inventory decreased to HKD 242,916,000 from HKD 300,277,000 as of June 30, 2024[8] - Total liabilities decreased to HKD 488,129,000 from HKD 497,586,000 as of June 30, 2024[10] - The group's total assets as of December 31, 2024, amounted to HKD 985,059,000, with total liabilities of HKD 127,458,000[20] Capital Expenditures and Financials - Capital expenditures for the six months ended December 31, 2024, were HKD 10,231,000, compared to HKD 6,487,000 for the same period in 2023, reflecting a 57% increase[21] - The group’s financial expenses totaled HKD 12,995,000 for the six months ended December 31, 2024, compared to HKD 12,158,000 for the same period in 2023[21] - Financial income increased to HKD 886,000, up from HKD 683,000 in the previous year, while financial expenses rose to HKD 12,995,000 from HKD 12,158,000[25] Risk Management and Governance - The company has established a risk management and internal control system to manage risks rather than eliminate them, ensuring reasonable assurance against material misstatements or losses[70] - The company conducts annual reviews of its risk management and internal control systems, which are deemed sufficient[70] - The board emphasizes the importance of diversity in its composition, considering factors such as gender, age, cultural background, and professional experience[55] - The company has a commitment to providing a respectful environment free from discrimination based on gender, race, age, or other factors[59] - The company has engaged external consultants to assist the board and audit committee in ongoing monitoring and execution of internal audit functions[68] Employee and Management Policies - The group has a total of approximately 638 full-time employees as of December 31, 2024, with a performance-based compensation policy[47] - The company has implemented key performance indicators and annual reward programs to enhance employee performance and operational efficiency[65] - The remuneration committee is responsible for ensuring a transparent remuneration policy and evaluates the performance and annual compensation of senior management[64] Future Outlook and Strategy - The management team maintains a cautiously optimistic outlook for future development, focusing on optimizing business strategies in response to international conditions and monetary policies[40] - The group plans to continue strict cost control measures, including reducing administrative, distribution, and production costs, to enhance capital strength[42] - The group aims to enhance order delivery efficiency and product premium capabilities while focusing on high-value application scenarios in the toy and gift markets[42] Corporate Governance - The board has appointed a female director on December 20, 2024, to enhance gender diversity within the board[57] - The audit committee has reviewed the accounting principles adopted by the group and discussed internal controls and financial reporting matters, including the unaudited interim financial information for the six months ending December 31, 2024[63] - The company has a zero-tolerance policy towards corruption and fraud, as per its anti-corruption policy approved by the board[72] - The board has adopted a whistleblowing policy in accordance with the regulations of the stock exchange[71]

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a growth of 15% year-over-year[1]. - The Group recorded an audited consolidated turnover of HK$1,276,350,000 for the year ended June 30, 2024, representing an 8.4% increase from HK$1,177,827,000 in 2023[10]. - Overall gross profit increased by 34.9% to HK$199,263,000 compared to HK$147,704,000 in the previous year, with gross profit margin improving by 3.1 percentage points to 15.6%[12]. - Loss attributable to equity holders narrowed significantly by 65.3% to HK$18,041,000 from HK$52,007,000 in 2023, with basic loss per share improving to HK4.89 cents from HK14.09 cents[12]. - The Group achieved an operating profit of HK$18,098,000 for the full year, compared to an operating loss of HK$34,237,000 in the previous year[12]. - Revenue from contracts with customers increased to HK$1,276,350, a 8.4% rise from HK$1,177,827 in 2023[123]. - Gross profit improved to HK$199,263, representing a 35% increase compared to HK$147,704 in the previous year[123]. - Loss for the year decreased to HK$16,833, down from HK$50,939 in 2023, indicating a reduction of 66.9%[125]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, aiming to increase market share by 25% in the region over the next two years[5]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on eco-friendly materials[4]. - The Group established its first sales point in the ASEAN market in Vietnam, anticipating significant growth and contribution to revenue and net profit over the next three years[23]. - The Group aims to enhance market penetration and build competitive advantages by expanding its product portfolio and exploring new customer sources in sustainable development industries[19]. - The Group plans to adopt sound business strategies and prudent financial management to foster a second growth curve in the ASEAN region[18]. Financial Management and Risk - The Group's cash and cash equivalents as of June 30, 2024, amounted to approximately HK$104,233,000, with total borrowings of approximately HK$385,873,000[25]. - The Group's gearing ratio as of June 30, 2024, was approximately 77.6%, based on shareholders' funds of approximately HK$497,127,000[25]. - The Group's liquidity risk management involves maintaining sufficient cash balances and adequate credit facilities to meet both short-term and long-term liquidity requirements[160]. - The Group's financial liabilities and net-settled derivative financial liabilities are analyzed based on their maturity groupings, ensuring prudent liquidity management[161]. - Management considers the credit risk associated with guarantees provided for banking facilities to be minimal, reflecting a stable financial position[159]. Corporate Governance - The Company has complied with all applicable code provisions in the Corporate Governance Code throughout the year ended June 30, 2024[65]. - The Board composition includes a balanced mix of executive and non-executive Directors, ensuring strong independence as per Rule 3.10A of the Listing Rules[68]. - The Audit Committee comprises three Independent Non-executive Directors and has reviewed the accounting principles and practices adopted by the Group[61]. - The Company emphasizes maintaining sound corporate governance principles and structures as part of its risk management strategy[65]. - The Company has established measurable objectives for board diversity and compliance with governance policies[82]. Sustainability and Corporate Social Responsibility - The company is committed to sustainability, with a goal to reduce carbon emissions by 30% by 2025[10]. - The Group's mission includes satisfying customer needs while contributing to public wellbeing through sustainable practices[38]. - The Company is committed to corporate social responsibility, engaging in various activities to support staff, community, and environmental initiatives[38]. Employee and Management Information - The Group had approximately 628 full-time employees as of June 30, 2024, with an incentive scheme linked to the Group's profit and employee performance[31]. - The fundamental policy of the Group's remuneration scheme links total compensation for senior management with performance goals[48]. - The Group aims to attract and retain key executives essential to its long-term success through competitive compensation[48]. - The Company has implemented a competitive remuneration policy aimed at attracting and retaining senior management, including a performance-based incentive plan[50]. Financial Risks and Derivatives - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[140]. - Management regularly monitors financial risks and uses financial derivatives to hedge certain risk exposures[140]. - The Group does not use derivative financial instruments for speculative purposes[140]. - The Group has assessed the impact of new accounting standards and revisions, expecting no significant effect on the consolidated financial statements[141]. Shareholder Communication and Dividends - The Company promotes shareholder attendance at general meetings to enhance accountability and inform them of the Group's strategy and goals[104]. - The Company adopted a Dividend Policy effective from January 1, 2019, aiming to balance shareholder interests with prudent capital management[107]. - The Board has complete discretion on dividend payments, subject to restrictions under the Companies Act of Bermuda and the Company's Bye-laws[109]. - The Group's financial results, cash flow, liquidity, and capital requirements are considered when declaring dividends[107].

Financial Performance - The company reported a total revenue of HKD 1,276,350,000 for the year ending June 30, 2024, compared to HKD 1,177,827,000 in 2023, representing an increase of approximately 8.4%[1] - Gross profit for the year was HKD 199,263,000, up from HKD 147,704,000 in the previous year, indicating a significant improvement in profitability[1] - The company recorded a net loss of HKD 16,833,000 for the year, a reduction from a net loss of HKD 50,939,000 in 2023, reflecting a decrease in losses by approximately 66.9%[2] - The company reported a total comprehensive loss of HKD 16,493,000 for the year, compared to HKD 107,209,000 in 2023, indicating a substantial improvement in overall financial performance[2] - The company reported a loss attributable to shareholders of HKD 18,041,000 for 2024, a decrease from a loss of HKD 52,007,000 in 2023, indicating an improvement in financial performance[25] - Basic loss per share improved to HKD 4.89 in 2024 from HKD 14.09 in 2023, showing a reduction in losses per share[25] Revenue Breakdown - Revenue from customer contracts for 2024 reached HKD 1,276,350, an increase of 8.4% from HKD 1,177,827 in 2023[11] - The group's total sales for the reporting period amounted to HKD 1,337,806, with external customer revenue contributing HKD 1,276,350[13] - The trading segment reported external customer revenue of HKD 771,942, while the coloring segment generated HKD 367,439[13] - The revenue from the coloring agents, color powders, and blends business increased by 25.8% to HKD 367,439,000, with a pre-tax profit surge of 71.3% to HKD 25,697,000[33] - The revenue from the engineering plastics business slightly decreased by 1.1% to HKD 136,969,000, while pre-tax profit increased by 66.8% to HKD 10,901,000[33] - The revenue from the plastic raw materials trading business rose by 3.3% to HKD 771,942,000, with a significant reduction in pre-tax losses by 43.8% to HKD 39,728,000[33] Assets and Liabilities - Total assets rose to HKD 1,016,883,000 in 2024, compared to HKD 991,269,000 in 2023, marking an increase of approximately 2.6%[4] - Trade receivables increased to HKD 243,833,000 in 2024 from HKD 217,246,000 in 2023, showing a growth of about 12.3%[3] - The company's cash and cash equivalents decreased to HKD 104,233,000 in 2024 from HKD 150,637,000 in 2023, a decline of about 30.8%[3] - Non-current liabilities decreased to HKD 6,272,000 for restoration cost provisions from HKD 10,452,000 in 2023, indicating a reduction of approximately 40.5%[4] - The company’s equity attributable to shareholders decreased to HKD 519,297,000 in 2024 from HKD 536,504,000 in 2023, a decline of about 3.2%[4] - Trade receivables, net of impairment provisions, increased to HKD 206,908,000 in 2024 from HKD 184,072,000 in 2023, indicating growth in receivables[27] Expenses and Financials - Financial income increased to HKD 865,000, while financial expenses rose to HKD 23,601,000, resulting in a net financial expense of HKD 22,736,000[20] - The group recorded a net inventory impairment provision of HKD 3,461,000, a decrease from HKD 7,480,000 in the previous year[19] - The group’s employee benefits expense totaled HKD 134,934,000, slightly down from HKD 136,155,000 in the previous year[19] - The group received government subsidies amounting to approximately HKD 1,595,000, supporting operations in certain regions of mainland China[19] Taxation - Hong Kong profits tax for the year is calculated at a rate of 16.5%, resulting in a tax expense of HKD 335,000 for 2024 compared to HKD 63,000 in 2023, reflecting a significant increase[22] - The corporate income tax in mainland China is calculated at a rate of 25%, with a tax expense of HKD 14,144,000 for 2024, up from HKD 3,307,000 in 2023[22] Corporate Governance - The audit committee consists of three independent non-executive directors and is responsible for reviewing the effectiveness of external audits and internal controls[45] - The remuneration committee held four meetings during the year to assess performance and review the annual compensation and bonuses of senior management[46] - The nomination committee conducted two meetings to review the structure, size, and composition of the board, including the technical knowledge and experience of its members[47] - The corporate governance committee held two meetings to review the group's corporate governance policies and training arrangements for employees[48] - The company has adopted a set of standards for securities trading by directors that meet or exceed the requirements of the Hong Kong Stock Exchange[41] - The company has not appointed a CEO as of the announcement date, with responsibilities shared among the executive directors[43] Future Outlook and Strategy - The company established its first sales point in Vietnam, which is expected to play a significant role in its growth strategy, with plans for the Vietnamese business to mature and become a major revenue contributor within three years[34] - The company is actively managing foreign exchange risks through forward foreign exchange contracts, with a maximum principal amount of HKD 304,200,000 for selling HKD to buy USD as of June 30, 2024[37] - The company will not declare a final dividend for the fiscal year ending June 30, 2024, to retain sufficient funds for business development[32] Employee Information - As of June 30, 2024, the group has approximately 628 full-time employees, with a performance-based compensation policy reviewed annually[38] Shareholder Information - The annual general meeting of shareholders is scheduled for November 14, 2024[42] - The company did not declare any interim or final dividends for the periods ending June 30, 2023, and December 31, 2023, indicating a focus on retaining earnings[23] - The company did not repurchase any of its shares during the year, nor did it buy or sell any listed securities[40]

Revenue and Profitability - Revenue from contracts with customers for the six months ended December 31, 2023, was HK$649,296,000, an increase of 1.9% compared to HK$637,858,000 in the same period of 2022[4] - Gross profit for the period was HK$89,913,000, up from HK$71,996,000, reflecting a gross margin improvement[4] - The Group recorded total turnover of HK$649,296,000 for the six months ended 31st December 2023, a slight increase of 1.8% compared to HK$637,858,000 in the same period last year[181] - Overall gross profit increased by 24.9% to HK$89,913,000, with a gross profit margin rising by 2.6 percentage points to 13.8%[181] - Loss attributable to shareholders narrowed significantly by 46% to HK$18,412,000, compared to HK$34,092,000 in the previous year[181] Operating Performance - Operating loss decreased to HK$3,523,000 from HK$21,028,000, indicating a significant reduction in operational losses[4] - The group reported a loss before income tax of HK$14,998,000, compared to a loss of HK$28,721,000 in the same period last year[93] - The provision for impairment of inventories was HK$5,795,000, indicating a significant increase in inventory write-downs[93] - The operating loss for the group was HK$3,523,000, compared to an operating loss of HK$21,028,000 in the same period last year[93] Financial Position - Total equity decreased to HK$515,628,000 as of December 31, 2023, down from HK$536,504,000 as of June 30, 2023, representing a decline of approximately 3.6%[18] - Non-current assets totaled HK$297,634,000 as of December 31, 2023, slightly up from HK$294,943,000 at the end of June 2023[16] - Current assets decreased to HK$676,656,000 from HK$696,326,000, primarily due to a reduction in cash and bank balances[16] - Total liabilities increased slightly to HK$458,662,000 from HK$454,765,000, indicating a rise of approximately 0.4%[19] - Total borrowings decreased to HK$326,877,000 as of December 31, 2023, from HK$338,922,000 as of June 30, 2023, a reduction of about 3.6%[147] Cash Flow and Liquidity - Cash and bank balances were HK$108,968,000, down from HK$150,637,000, reflecting a liquidity contraction[16] - For the six months ended December 31, 2023, cash generated from operations was HK$10,503,000, a significant decrease of 87.4% compared to HK$83,382,000 in the same period of 2022[30] - Net cash generated from operating activities fell to HK$570,000, down from HK$73,196,000, indicating a decline of 99.2%[30] - The Group's cash and bank balances as of December 31, 2023, amounted to approximately HK$108,968,000[197] Financing and Costs - The company reported finance costs of HK$12,158,000, an increase from HK$8,290,000, indicating rising borrowing costs[4] - Finance costs totaled HK$12,158,000, significantly higher than the previous year's HK$8,290,000[93] - The current income tax expense for Mainland China corporate income tax was HK$7,409,000, up from HK$3,900,000 in the same period last year[111] Shareholder Information - The basic and diluted loss per share for the period was HK$4.99, an improvement from HK$9.23 in the previous year[8] - No interim dividend was declared for the six months ended December 31, 2023, consistent with the previous year[118] - The Board of Directors resolved not to declare any interim dividend for the six months ended 31st December 2023[176] Business Operations and Strategy - The company is engaged in the manufacturing and trading of plastic materials, pigments, colorants, compounded plastic resins, and engineering plastic products[33] - The Group plans to expand its operations in the ASEAN region, with a new customer base expected to start operations in the first half of 2024[191] - The Group has secured ISCC PLUS certification, anticipating increased demand for environmentally friendly materials in the future[192] - The automotive industry is expected to have bright development prospects, supported by government policies promoting auto sales in mainland China[190] - The Group maintains a conservative strategy in light of ongoing economic uncertainties and will focus on long-term development and prudent financial management[189] Accounting and Compliance - The company has adopted new accounting standards including HKFRS 17 for insurance contracts starting from July 1, 2023[41] - The interim financial information has been prepared in accordance with Hong Kong Accounting Standard 34, and should be read in conjunction with the annual financial statements for the year ended June 30, 2023[36] - The adoption of new accounting standards and amendments is not expected to significantly affect the Group's financial performance and position[51] - The Group has commenced an assessment of the impact of new standards but does not expect significant effects on its results of operations[51]

Financial Performance - Revenue from customer contracts for the six months ended December 31, 2023, was HKD 649,296,000, an increase of 1.9% compared to HKD 637,858,000 for the same period in 2022[2] - Gross profit for the same period was HKD 89,913,000, representing a significant increase of 24.9% from HKD 71,996,000 in 2022[2] - The operating loss decreased to HKD 3,523,000 from HKD 21,028,000, indicating improved operational efficiency[2] - The net loss for the period was HKD 19,472,000, a reduction of 44.8% compared to HKD 35,309,000 in the previous year[3] - Basic and diluted loss per share improved to HKD 4.99 from HKD 9.23 year-on-year[3] - Total revenue for the six months ended December 31, 2023, was HKD 649,296,000, a slight increase of 1.8% compared to HKD 637,858,000 in 2022[36] - Overall gross profit increased by 24.9% to HKD 89,913,000, with a gross margin improvement of 2.6 percentage points to 13.8%[36] - Loss attributable to shareholders narrowed significantly by 46% to HKD 18,412,000, compared to HKD 34,092,000 in the same period last year[36] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 974,290,000, a decrease from HKD 991,269,000 as of June 30, 2023[10] - Current assets decreased to HKD 676,656,000 from HKD 696,326,000, primarily due to a reduction in cash and bank balances[8] - Total liabilities increased slightly to HKD 458,662,000 from HKD 454,765,000, reflecting ongoing financial obligations[10] - The company's equity attributable to shareholders decreased to HKD 496,239,000 from HKD 511,349,000, indicating a decline in retained earnings[10] Revenue Segmentation - External customer revenue from the trading segment was HKD 398,791,000, while the coloring agent segment generated HKD 185,369,000, and the engineering plastics segment contributed HKD 65,136,000[20] - Revenue from external customers outside Hong Kong was approximately HKD 480,263,000, an increase from HKD 440,762,000 in the same period of 2022[22] - Revenue from the coloring agents, color powders, and blends business rose by 18.7% to HKD 185,369,000, with a pre-tax profit increase of over 100% to HKD 14,422,000[37] - Revenue from the engineering plastics business remained stable at HKD 65,136,000, with a pre-tax loss of HKD 2,028,000 after accounting for a one-time inventory provision of HKD 4,535,000[39] - Revenue from the plastic raw materials trading business decreased by 4.4% to HKD 398,791,000, with a pre-tax loss narrowing to HKD 23,679,000[39] Financial Management - The company has adopted new accounting standards effective from July 1, 2023, which are not expected to have a significant impact on the financial statements[15] - The group’s financial expenses totaled HKD 12,158,000 for the six months ended December 31, 2023, compared to HKD 8,290,000 for the same period in 2022[20] - Financial income increased to HKD 683,000 from HKD 597,000, while financial expenses rose significantly to HKD 12,158,000 from HKD 8,290,000[6] - The deferred tax asset recognized for tax losses carried forward was HKD 77,217,000 as of December 31, 2023, up from HKD 69,070,000 as of June 30, 2023[28] Operational Efficiency - The group reported a pre-tax loss of HKD 14,998,000 for the six months ended December 31, 2023, compared to a pre-tax loss of HKD 28,721,000 in the same period of 2022[21] - The group’s depreciation expense for property, plant, and equipment was HKD 7,690,000 for the six months ended December 31, 2023, down from HKD 8,128,000 in the previous year[24] - Total capital expenditure for the six months ended December 31, 2023, was HKD 6,487,000, a decrease from HKD 6,682,000 in the same period of 2022[20] Strategic Initiatives - The company has identified a new location in the ASEAN region, expected to commence operations in the first half of 2024, aiming to enhance sustainable business growth and market expansion[42] - The company has successfully obtained the ISCC PLUS certification in 2023, indicating a commitment to global green low-carbon transformation and increasing demand for environmentally friendly materials[42] - The automotive industry is showing promising growth, with an increase in customer base and order volume, particularly due to policies promoting automotive consumption in mainland China[40] - The company anticipates a recovery in the engineering plastics business as market conditions improve, particularly with stabilizing interest rates and inflation[40] Governance and Compliance - The company emphasizes the importance of risk management and internal controls, having engaged external consultants to assist in monitoring and improving these systems[53] - The company maintains a zero-tolerance policy towards corruption and fraud, as outlined in its anti-corruption policy[73] - The governance committee is responsible for developing and reviewing corporate governance policies and ensuring compliance with legal requirements[67] - The audit committee consists of all independent non-executive directors, ensuring the objectivity and credibility of financial reporting[62] - The remuneration committee is responsible for establishing transparent remuneration policies and evaluating the performance of senior management at least once a year[65] - The board aims to appoint at least one female director by December 31, 2024, to enhance gender diversity[57] Employee Management - The company has approximately 602 full-time employees as of December 31, 2023, with a performance-based compensation policy and annual reviews[48] - The company provides various employee benefits, including discretionary bonuses and training programs, to enhance performance and operational efficiency[66]

Financial Performance - The company reported a consolidated income of $XX million for the fiscal year, representing a YY% increase compared to the previous year[61]. - The Group recorded an audited consolidated turnover of HK$1,177,827,000 for the year ended 30th June 2023, a 32.3% decrease from HK$1,738,775,000 in 2022[39]. - Loss per share for the year was HK14.09 cents, down from earnings per share of HK15.33 cents in 2022[39]. - Loss attributable to equity holders of the Company was HK$52,007,000, compared to a profit of HK$56,598,000 in the previous year[39]. - Overall gross profit declined by 51.3% year-on-year to HK$147,704,000, with a gross profit margin narrowing by 4.9 percentage points to 12.5%[45]. - Turnover from the plastic trading business dropped by 32% year-on-year to HK$747,248,000, with a loss before taxation of HK$70,704,000[51]. - The turnover of the colorants, pigments, and compounded plastic resins business fell by 17.8% year-on-year to HK$292,047,000[49]. - The engineering plastic business saw a 51.4% decline in turnover to HK$138,532,000, with profit before taxation plummeting 85.9% to HK$6,535,000[52]. Market Outlook and Strategy - The company provided a future outlook, projecting a revenue growth of BB% for the next fiscal year[191]. - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of DD% by 2025[69]. - The Group plans to adopt "Three New Strategies" focusing on new materials, new customers, and new markets to drive corporate transformation and upgrade[53]. - The Group is actively exploring new customer sources in industries such as photovoltaic and new energy vehicles to expand its business footprint[58]. - The Group is considering partnerships in the ASEAN market to capture market share with high-quality raw materials[59]. Operational Efficiency and Cost Management - The company has implemented new operational strategies aimed at reducing costs by FF%, improving overall efficiency[69]. - The gross profit margin improved to GG%, up from HH% in the previous year, indicating better cost management[61]. - The Group's credit policy includes regular monitoring of trade debtors to minimize credit risk[83]. - The Group has implemented a credit policy to minimize credit risk associated with counterparties failing to fulfill their obligations[88]. Sustainability and Corporate Responsibility - The board of directors emphasized a commitment to sustainability, aiming for a reduction in carbon emissions by JJ% over the next five years[69]. - The Group aims to develop sustainable materials and promote environmentally friendly projects, having obtained ISCC PLUS certification for its subsidiaries[57]. - The Group is actively pursuing sustainable material development and has obtained ISCC PLUS certification for its subsidiary[60]. - The Group emphasizes corporate social responsibility, conducting various activities to support employees, the community, and the environment during the year[96]. Governance and Management - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the year ended June 30, 2023, except for the separation of roles between chairman and chief executive officer[184][185]. - The Board of Directors held a total of three regular meetings, three ad-hoc meetings, and one general meeting during the year[191]. - The Audit Committee comprises three Independent Non-executive Directors and has reviewed the annual financial statements for the year ended June 30, 2023[171]. - The Board composition meets Rule 3.10A of the Listing Rules, ensuring at least one-third of members are independent non-executive Directors[195]. - The Company has a balanced board structure to ensure strong independence and effective governance[195]. Shareholder Information - As of June 30, 2023, no substantial shareholders owning 5% or more of the Company's issued share capital were reported, aside from the interests of Directors and chief executives[165]. - The Company maintains a register of substantial shareholders as required under Section 336 of Part XV of the SFO[165]. - The largest supplier accounted for 34% of the Group's purchases, while the five largest suppliers combined represented 77%[169]. - The aggregate percentage of sales attributable to the Group's five largest customers is less than 13% of total sales for the year ended June 30, 2023[169].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不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的任何損失承擔任 何責任。 NGAI HING HONG COMPANY LIMITED 毅 興 行 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：1047） 網址：https://www.nhh.com.hk 截 至 二 零 二 三 年 六 月 三 十 日 止 年 度 業 績 報 告 毅興行有限公司（「本公司」）之董事會（「董事會」）宣佈，本公司及其附屬公司（「本集團」）截至 二零二三年六月三十日止年度之經審核綜合業績如下： 綜合收益表 2023年 2022年 附註 千港元 千港元 客戶合約之收益 2 1,177,827 1,738,775 銷售成本 5 (1,030,123) (1,435,641) 毛利 147,704 303,134 其他收入 3 6,736 6,797 其他收益╱（虧損）－淨額 4 5,117 (249) 分銷成本 5 (80,576) (88,273) 貿易應收款虧損撥備 (883) ...

Financial Performance - Revenue from contracts with customers decreased by 31.5% to HK$637,858,000 compared to HK$931,125,000 in the previous year[5] - Gross profit fell by 55.2% to HK$71,996,000 from HK$160,623,000 year-on-year[5] - Operating loss for the period was HK$21,028,000, a significant decline from an operating profit of HK$52,445,000 in the prior year[5] - Loss attributable to equity holders of the Company was HK$34,092,000, compared to a profit of HK$33,979,000 in the same period last year[9] - Total comprehensive loss for the period amounted to HK$74,803,000, contrasting with a comprehensive income of HK$53,388,000 in the previous year[13] - The company reported a comprehensive loss of HK$74,803,000 for the six months ended December 31, 2022[25] - The company reported a fair value gain of financial assets at FVOCI of HK$188,000 for the period[30] - The company’s retained earnings increased to HK$447,511,000 as of December 31, 2022, from HK$428,300,000 at the beginning of the period[30] - The company incurred a net cash outflow of HK$104,189,000 in financing activities, compared to a net cash outflow of HK$1,847,000 in the previous year[33] - The company paid dividends totaling HK$16,724,000 to owners during the reporting period[25] Assets and Liabilities - Non-current assets decreased to HK$298,993,000 from HK$313,640,000, reflecting a decline of 4.7%[18] - Current assets dropped significantly to HK$696,796,000 from HK$914,018,000, a decrease of 23.8%[18] - Total liabilities decreased from HK$568,612,000 to HK$428,270,000, reflecting a reduction of approximately 24.7%[22] - Current liabilities decreased significantly from HK$553,266,000 to HK$413,790,000, a decline of around 25.2%[22] - Total equity decreased from HK$659,046,000 as of June 30, 2022, to HK$567,519,000 as of December 31, 2022, representing a decline of approximately 13.9%[19] - Retained earnings fell from HK$464,592,000 to HK$423,116,000, a decrease of about 8.9%[19] - The total assets less current liabilities decreased from HK$674,392,000 to HK$581,999,000, a reduction of about 13.7%[22] - The Group's total financial assets and liabilities classified as Level 3 financial instruments were all measured at fair value as of December 31, 2022[71] Cash Flow and Financing - Cash generated from operations for the six months ended December 31, 2022, was HK$83,382,000, an increase of 34% compared to HK$62,145,000 in the same period of 2021[33] - Net cash generated from operating activities was HK$73,196,000, up 46% from HK$50,123,000 year-on-year[33] - Cash and cash equivalents at December 31, 2022, decreased to HK$132,477,000 from HK$248,014,000 at the same date in 2021[33] - The Group's undrawn borrowing facilities amounted to HK$321,704,000 as of December 31, 2022, compared to HK$297,734,000 as of June 30, 2022, reflecting an increase of approximately 8%[155] - As of December 31, 2022, total borrowings amounted to HK$314,656,000, a decrease from HK$392,827,000 as of June 30, 2022, representing a reduction of approximately 19.9%[151] Segment Performance - The Group's operating segments include Trading, Colorants, Engineering Plastic, and Others, with performance assessed based on revenue from contracts with customers and operating profit[81] - Turnover from the colorant, pigment, and compounded plastic resin business fell to HK$156,226,000, down from HK$186,121,000, but profit before taxation increased to HK$7,134,000 from HK$904,000[182] - The engineering plastic business saw turnover decline to HK$64,269,000 from HK$142,736,000, with a loss before income tax of HK$1,719,000 compared to a profit of HK$23,290,000 in the previous year[183] - Turnover from the plastic trading business decreased by 30.7% to HK$417,363,000, with a loss before income tax of HK$31,528,000 compared to a profit of HK$26,486,000 in the previous year[184] Dividends and Share Capital - The company paid dividends totaling HK$7,384,000 during the period, compared to HK$14,768,000 in the previous year[33] - The Directors proposed a final dividend of HK2.0 cents per share, totaling HK$7,384,000 for the year ended June 30, 2022, which was paid during the six months ended December 31, 2022[119] - The company declared a special dividend of HK$3,692,000 and a final dividend of HK$7,384,000 for the respective periods ending June 30, 2021, and June 30, 2022[121] - The share capital remained unchanged at HK$36,920,000 as of both June 30, 2022, and December 31, 2022[19] Risk Management - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[54] - The Group's liquidity and funding risk management policies have not materially changed since June 30, 2022[62] - The Group closely monitors currency fluctuations and manages exchange risk through forward exchange contracts, although none were outstanding as of December 31, 2022[199] Management and Strategy - The management is cautiously optimistic about future developments due to stabilizing external factors and anticipated government policies to stimulate demand[188] - The Group continues to implement stringent cost control measures, including reducing administrative and manufacturing costs[190] - The Group has secured high value-added orders from new customers in high-end sanitary products, premium kitchenware, and smart appliances[189]