成員 ： 委員會 最少由 三名 成員組 成。 NAMYUE HOLDINGS LIMITED 南粵控股有限公司 ( 於香港註冊成立之有限公司) (股份代號: 01058) 提名委員會職權範圍 成 立 提名委員會(「委員會」)依據南粵控股有限公司(「本公司」)於二零零五年 六月八 日通過 的董 事會決 議案 而成 立 。 組 成及 法定 人數 委員會 成員經 由本 公司董 事會 (「董 事 會」)委 任，而 委員會 的大 部份成 員應為 獨立非 執行 董事 ， 而至 少一 名 委員會 成員為 不同 性別 。 法定人 數 ： 2 名成 員 委 員 會 會 議 及 程 序 須 受 本 公 司 的 組 織 章 程 細 則 所 載 的 董 事 會 會 議 程 序規定 所規管 。 委員會 主席須 由董 事會委 任， 並須 為 董事會 主席或 獨立 非執行 董事 。 出 席會 議 會議可 由成員 親身 出席、 透過 電話或 視像會 議之形 式進 行。成 員可 透 過會議 電話或 容許 全部與 會人 士聆 聽 對方聲 音之類 似通 訊器材 ，參與 會議。 本公司 的公司 秘書 為委員 會秘 書。委 員會秘 書或其 未克 出席 ...

格隆汇8月12日丨南粤控股(01058.HK)公告，将于2025年8月22日(星期五)举行董事会会议，藉以考虑及 批准(其中包括)公司及其附属公司截至2025年6月30日止6个月未经审核中期业绩，以及考虑派付中期股 息(如有)。 ...

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之任何損失承擔任何責任。 承董事會命 公司秘書 陳妙婷 香港，2025 年 8 月 12 日 NAMYUE HOLDINGS LIMITED 於本公告日期，董事會由兩名執行董事周昊先生及廖思揚先生；三名非執行董事 黃俊峰先生、曠虎先生及李潔玉女士；以及三名獨立非執行董事楊萬里先生、 梁聯昌先及楊格先生組成。 南粵控股有限公司 ( 於香港註冊成立之有限公司) (股份代號: 01058) 董事會會議日期 南粵控股有限公司（「本公司」）董事會（「董事會」）宣佈，將於 2025 年 8 月 22 日（星期五）舉行董事會會議，藉以考慮及批准（其中包括）本 公司及其附屬公司截至 2025 年 6 月 30 日止六個月之未經審核中期業績， 以及考慮派付中期股息（如有）。 ...

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: | 南粵控股有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01058 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 538,019,000 | | 0 | | 538,019,000 | | 增加 / 減少 (-) | ...

Financial Performance - For the three months ended March 31, 2025, the company's unaudited revenue was HKD 16,932,000, a decrease of 12.7% compared to HKD 19,393,000 in the same period last year[5] - The unaudited loss attributable to shareholders for the same period was HKD 4,940,000, which is a reduction of 38.4% from a loss of HKD 8,022,000 in the previous year[11] - The company's equity decreased to HKD 14,154,000 from HKD 19,061,000 over the same period[5] Asset Management - Total assets as of March 31, 2025, were HKD 95,564,000, down from HKD 97,154,000 as of December 31, 2024[5] Production and Sales - The total production of cowhide leather was 226,000 square feet, a significant decrease of 72.6% from 825,000 square feet in the previous year[8] - Cowhide leather sales volume was 760,000 square feet, down 42.5% from 1,322,000 square feet in the previous year[9] - The company did not produce any grey leather during the period, compared to 364 tons produced in the previous year[8] Revenue Streams - External processing business revenue increased by 159.6% to HKD 10,575,000 from HKD 4,074,000 year-on-year[11] Operational Efficiency - The company implemented cost control measures that effectively reduced operating costs, leading to improved operational performance despite a decline in revenue[8] - The company aims to enhance production conditions and product quality through equipment modifications and deepening cooperation with customers[8]

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 89,099,000, a decrease of 2.4% compared to HKD 91,244,000 in 2023[6]. - The company reported a net loss attributable to shareholders of HKD 33,765,000 for 2024, a reduction of 49.2% from a loss of HKD 66,449,000 in 2023[7]. - The company's gross profit margin improved from -33.8% in the previous year to 0.4% this year, marking a successful turnaround from loss to profit[17]. - The company reported a loss for the year of HKD 33,765,000, compared to a loss of HKD 66,449,000 in 2023, indicating a significant reduction in losses[55]. - Operating loss for the year was HKD 33,597,000, an improvement from a loss of HKD 65,931,000 in 2023[55]. - The total comprehensive loss for the year was HKD 67,102,000, which includes a loss of HKD 66,449,000 and other comprehensive expenses[149]. Revenue and Sales - The total sales volume of cowhide leather decreased by 14.1% to 5,343 thousand square feet in 2024 from 6,219 thousand square feet in 2023[6]. - Total revenue for the year was HKD 89,099,000, a decrease of 2.4% from HKD 91,244,000 in the previous year[19]. - The company achieved a significant increase in external processing revenue, which rose by 311.2% to HKD 37,762,000[19]. - The company aims to expand its self-operated business into the Southeast Asian market to increase export sales of leather and improve revenue and gross profit[11]. Cost Management and Efficiency - The company is committed to strengthening cost control and energy-saving measures to enhance operational efficiency amid a complex economic environment[12]. - The company implemented cost reduction measures, resulting in a 59.9% decrease in total procurement amounting to HKD 30,898,000[22]. - The company plans to closely monitor production costs and general administrative expenses to improve cash flow and working capital[154]. Assets and Liabilities - The net asset value of the company as of December 31, 2024, was HKD 19,061,000, a decrease from HKD 52,911,000 in 2023[14]. - Total assets decreased to HKD 97,154,000 in 2024 from HKD 135,537,000 in 2023, representing a decline of approximately 28%[56]. - Total liabilities decreased to HKD 78,093,000 in 2024 from HKD 82,626,000 in 2023, a reduction of about 5%[56]. - The company's total liabilities decreased to HKD 73,590,000 in 2024 from HKD 77,951,000 in 2023, showing a slight improvement in debt management[148]. Inventory and Production - The company's inventory as of December 31, 2024, was HKD 24,048,000, down 52.3% from HKD 50,457,000 a year earlier[23]. - The production of cowhide leather decreased by 27.9% to 3,325,000 square feet, while the production of external processing business surged by 403.3% to 18,965,000 square feet[18]. Corporate Governance - The board consists of two executive directors, three non-executive directors, and three independent non-executive directors, ensuring a high level of independence for effective judgment[91]. - The company has appointed independent non-executive directors with extensive experience in finance and management to strengthen governance[36][37]. - The board adopted a diversity policy on August 23, 2013, recognizing the benefits of a diverse board for achieving strategic goals and sustainable development[100]. Environmental and Compliance Efforts - The company is actively investing in environmental improvement projects and enhancing communication with local government to ensure compliance with environmental regulations[50]. - The company has complied with environmental standards and obtained necessary permits for its operations during the year[128]. - The company is committed to improving production technology and waste management to address environmental compliance risks[50]. Future Plans and Strategies - The company plans to enhance its leather business transformation and upgrade its external processing business model to improve production conditions and customer service[11]. - The company will focus on developing the "cowhide dog chew" business to tap into the pet food market, with plans to modify idle factory space for mass production[11]. - The company is exploring new opportunities in the pet market by developing a new product using by-products from leather processing, aiming to enhance resource utilization[21]. Employee and Shareholder Information - The group had 261 employees as of December 31, 2024, a decrease from 288 employees in the previous year[29]. - Major shareholders include Guangdong Nanyue Group Co., Ltd. with a 52% stake and Guangdong Yuehai Holdings Group Co., Ltd. with a 19.34% stake[73]. - The company encourages shareholders to opt for electronic communication to support environmental protection initiatives[126]. Risk Management - The company faces market risks due to ongoing industry pressures, including a decline in demand for leather products and increasing environmental compliance requirements[49]. - The company monitors raw material prices closely to mitigate inventory impairment risks and improve cash flow management[51]. - The company is focused on maintaining liquidity to manage risks associated with potential defaults from downstream customers due to market demand shrinkage[52].

Financial Performance - Revenue for the year was HKD 89,099 thousand, a decrease of 2.4% from HKD 91,244 thousand in 2023[3] - The company reported a loss of HKD 33,765 thousand, a 49.2% improvement from a loss of HKD 66,449 thousand in 2023[3] - The group reported a revenue of HKD 89,099,000 for 2024, a slight decrease from HKD 91,244,000 in 2023, representing a decline of approximately 2.4%[16] - Revenue from leather processing sales was HKD 51,337,000 in 2024, down from HKD 82,060,000 in 2023, indicating a significant decrease of about 37.5%[16] - The group's consolidated loss attributable to shareholders for the year ended December 31, 2024, was HKD 33,765,000, a reduction of HKD 32,684,000 or 49.2% compared to 2023[39] - Basic loss per share for 2024 was HKD 0.0628, down from HKD 0.1235 in 2023[32] Assets and Liabilities - Current ratio decreased by 38.0% to 0.67 from 1.08 in 2023[3] - Total assets decreased by 28.3% to HKD 97,154 thousand from HKD 135,537 thousand in 2023[3] - The net asset value per share decreased by 60.0% to HKD 0.04 from HKD 0.10 in 2023[3] - Total liabilities as of December 31, 2024, included a net current liability of approximately HKD 23,987,000, indicating significant uncertainty regarding the company's ability to continue as a going concern[31] Production and Sales - Leather sales volume decreased by 14.1% to 5,343 thousand square feet compared to 2023[3] - The production of cowhide leather decreased by 1,288,000 square feet or 27.9% to 3,325,000 square feet, while the production of grey leather dropped by 1,917 tons or 79.4% to 497 tons[44] - The external processing business saw a significant increase in production, rising by 15,197,000 square feet or 403.3% to 18,965,000 square feet[44] - The revenue from external processing business increased by 311.2% to HKD 37,762,000, while cowhide leather sales dropped by 30.1% to HKD 48,719,000[44] Government Support and Subsidies - The group received government subsidies of approximately HKD 122,000 in 2024, up from HKD 8,000 in 2023, reflecting a significant increase in support[18] Financial Management and Cost Control - The group has strengthened its management processes, including human resources and financial management, to optimize production workflows and reduce overall costs[35] - The group implemented measures to enhance efficiency and reduce costs, including optimizing human resources and production management[47] - The interest expense for the year was HKD 504,000, a decrease of 42.7% compared to the previous year, primarily due to reduced loan amounts[50] Business Strategy and Future Plans - The company is actively exploring new business opportunities to generate profits and expand revenue sources[9] - The group plans to continue transforming its leather business and expand into the Southeast Asian market to enhance revenue and gross profit[36] - The group aims to achieve dual goals of business diversification and profit growth by 2025, optimizing asset allocation[37] Environmental and Operational Improvements - Environmental improvements were made through collaboration with external research institutions to enhance wastewater treatment capabilities and overall production environment[35] - The group implemented various energy-saving measures, achieving significant reductions in water usage by approximately 300 tons per day[43] Inventory and Procurement - The group's comprehensive inventory as of December 31, 2024, was HKD 24,048,000, a decrease of HKD 26,409,000 or 52.3% compared to December 31, 2023[48] - The total procurement amount for the year was HKD 30,898,000, a reduction of 59.9% compared to the same period last year[47] Shareholder Information - The company did not recommend any dividend for the year ending December 31, 2024, consistent with 2023[26] - The company's annual performance announcement will be published on its website and the Hong Kong Stock Exchange website by the end of April 2024[59] - The 2025 Annual General Meeting is scheduled for June 18, 2025, with a suspension of share transfer registration from June 13 to June 18, 2025[58]

Financial Performance - Revenue declined by 2.4% to HKD 89,099 thousand in 2024 from HKD 91,244 thousand in 2023[4] - The company reported a loss of HKD 33,765 thousand in 2024, a 49.2% improvement from a loss of HKD 66,449 thousand in 2023[4] - Basic loss per share improved by 49.1% to HKD (6.28) in 2024 from HKD (12.35) in 2023[4] - The group reported a revenue of HKD 89,099,000 for 2024, a slight decrease from HKD 91,244,000 in 2023, representing a decline of approximately 2.4%[16] - Revenue from leather processing sales was HKD 51,337,000 in 2024, down from HKD 82,060,000 in 2023, indicating a significant decrease of about 37.5%[16] - The group reported a pre-tax loss of HKD 96,148,000 for the cost of goods sold in 2024, compared to HKD 100,586,000 in 2023, a decrease of about 4.4%[20] - The group's consolidated loss attributable to shareholders for the year ended December 31, 2024, was HKD 33,765,000, a reduction of HKD 32,684,000 or 49.2% compared to 2023[39] Asset and Liability Management - Current ratio decreased by 38.0% to 0.67 in 2024 from 1.08 in 2023[3] - Total assets decreased by 28.3% to HKD 97,154 thousand in 2024 from HKD 135,537 thousand in 2023[3] - The net asset value per share decreased by 60.0% to HKD 0.04 in 2024 from HKD 0.10 in 2023[3] - Accounts receivable decreased to HKD 20,839,000 in 2024 from HKD 26,873,000 in 2023, representing a decline of approximately 22.5%[27] - The company reported a net current liability of approximately HKD 23,987,000 as of December 31, 2024, indicating significant uncertainty regarding its ability to continue as a going concern[31] - Accounts payable decreased slightly to HKD 36,759,000 in 2024 from HKD 34,113,000 in 2023[28] - The group's cash and cash equivalents as of December 31, 2024, were HKD 3,419,000, down 52.1% from HKD 7,139,000 on December 31, 2023[49] - The group's interest-bearing loans totaled HKD 8,639,000 as of December 31, 2024, down from HKD 14,811,000 on December 31, 2023[49] - The ratio of interest-bearing loans to equity was 31.2% as of December 31, 2024, compared to 21.9% on December 31, 2023[50] Operational Efficiency - The company has implemented a dual processing model to expand sales channels and improve operational efficiency[34] - The company has focused on enhancing its wastewater treatment capabilities and overall production environment through collaboration with external research institutions[35] - The company has made significant improvements in production conditions, leading to increased output and reduced costs across various areas, including chemical materials and labor[34] - The company has strengthened its management processes, focusing on performance evaluation to optimize production workflows and reduce overall costs[35] - The group's gross profit margin improved from -33.8% in the previous year to 0.4%, indicating a successful turnaround from loss to profit[42] Business Development and Strategy - The company is actively exploring new business opportunities to generate profits and enhance operational cash flow[9] - The group plans to continue transforming and upgrading its leather business, focusing on enhancing production conditions and customer service[36] - The group aims to achieve dual goals of business diversification and profit growth by 2025[37] - The group is actively exploring opportunities in the pet food market, particularly through the development of "dog chew glue" products[36] - The group has successfully obtained the LWG international leather management system certification, enhancing customer confidence and increasing external processing business volume[41] - The group is exploring product diversification opportunities, including the production of dog chew products using by-products from leather processing[46] Employee and Governance - The group has 261 employees as of December 31, 2024, down from 288 employees on December 31, 2023[54] - The company will hold its 2025 Annual General Meeting on June 18, 2025, with a suspension of share transfer registration from June 13 to June 18, 2025[58] - The annual performance announcement for the year ending December 31, 2024, will be published by the end of April 2024, including an Environmental, Social, and Governance report[59] Inventory and Procurement - The group's comprehensive inventory as of December 31, 2024, was HKD 24,048,000, a decrease of HKD 26,409,000 or 52.3% compared to December 31, 2023[48] - The total procurement amount for the year was HKD 30,898,000, a reduction of 59.9% compared to the same period last year[47] Impairment and Losses - The group incurred an impairment loss of HKD 6,232,000 on receivables in 2024, compared to HKD 3,215,000 in 2023, indicating an increase in impairment[19] - The group reported a net impairment loss on property, plant, and equipment of HKD 4,158,000 for the year, compared to HKD 746,000 in 2023[48]

Financial Performance - For the nine months ended September 30, 2024, the company's revenue was HKD 64,193,000, a decrease of 7.3% compared to HKD 69,219,000 for the same period in 2023[2] - The company's attributable consolidated loss was HKD 11,349,000, a reduction of 61.7% from HKD 29,635,000 in the previous year[2] - Total assets as of September 30, 2024, were HKD 117,110,000, down from HKD 135,537,000 as of December 31, 2023[2] - Shareholders' equity decreased to HKD 41,595,000 from HKD 52,911,000 as of December 31, 2023[2] Production and Sales - The total production of cowhide leather was 2,472,000 square feet, a decrease of 35.5% from 3,831,000 square feet in the same period last year[4] - The total sales volume of cowhide leather was 3,789,000 square feet, down 13.2% from 4,365,000 square feet in the previous year[4] - Revenue from cowhide leather sales was HKD 37,046,000, a decline of 32.1% from HKD 54,573,000 in the previous year[5] External Processing Business - The external processing business saw a significant increase in production, reaching 11,975,000 square feet, up 440.4% from 2,216,000 square feet in the same period last year[4] - Revenue from external processing business increased to HKD 24,520,000, a rise of 335.8% compared to HKD 5,626,000 in the same period last year[5] - The company is actively increasing the proportion of external processing business to effectively reduce fixed costs and improve operational efficiency[4]

Financial Performance - The company's unaudited consolidated loss attributable to shareholders for the six months ended June 30, 2024, was HK$5,999,000, a decrease of 72.3% compared to the loss of HK$21,653,000 in the same period last year[4] - The company's gross profit margin improved from -12.1% in the same period last year to 12.7% in the current period, turning from a loss to a profit[5] - Revenue for the first half of 2024 was HK$42.12 million, compared to HK$38.59 million in the same period of 2023, representing a 9.1% increase[20] - Gross profit for the first half of 2024 was HK$5.36 million, a significant improvement from a gross loss of HK$4.67 million in the same period of 2023[20] - Net loss for the first half of 2024 was HK$5.99 million, a substantial reduction from the net loss of HK$21.65 million in the same period of 2023[20] - Basic and diluted loss per share for the first half of 2024 was HK1.12 cents, compared to HK4.02 cents in the same period of 2023[20] - Total comprehensive loss for the first half of 2024 was HK$5.62 million, a significant improvement from the total comprehensive loss of HK$24.90 million in the same period of 2023[22] - The company reported a net loss of HKD 21,653 thousand for the six months ended June 30, 2023, and a further loss of HKD 5,999 thousand for the six months ended June 30, 2024[25] - The company's total comprehensive loss for the six months ended June 30, 2024, was HKD 5,615 thousand[25] - Basic loss per share improved to HKD 0.011 in 2024 from HKD 0.040 in 2023, reflecting a reduced loss of HKD 5,999 thousand compared to HKD 21,653 thousand in the prior year[43] Assets and Liabilities - The unaudited net asset value as of June 30, 2024, was HK$47,296,000, a decrease of HK$5,615,000 from December 31, 2023, and a decrease of HK$47,817,000 from June 30, 2023[4] - Total equity decreased from HKD 120,013 thousand as of January 1, 2023, to HKD 95,113 thousand as of June 30, 2023, and further declined to HKD 47,296 thousand as of June 30, 2024[25] - Net assets as of June 30, 2024, were HK$47.30 million, compared to HK$52.91 million as of December 31, 2023[23] - The company's inventory as of June 30, 2024, was HK$39.61 million, a decrease from HK$50.46 million as of December 31, 2023[23] - Total inventory decreased by 21.5% to HKD 39,606,000 as of June 30, 2024, compared to HKD 50,457,000 at the end of 2023[8] - Property, plant, and equipment decreased by 2.2% to HKD 39,381,000 as of June 30, 2024, from HKD 40,248,000 at the end of 2023[10] - Interest-bearing loans decreased to zero as of June 30, 2024, compared to HKD 14,811,000 at the end of 2023[11] - Interest-bearing bank loans decreased from HKD 14,811,000 as of December 31, 2023, to HKD 0 as of June 30, 2024, with the previous loans secured by bank balances of HKD 25,000 and properties with a total book value of HKD 46,317,000[49] - The company's bank credit line was fully unused at HKD 38,350,000 as of June 30, 2024[11] - The company's issued and fully paid ordinary shares remained unchanged at 538,019,000 shares, with a total value of HKD 75,032,000 as of both June 30, 2024, and December 31, 2023[51] - The company's general reserve fund, which is non-distributable, was established with a reduction in share premium of HKD 133,349,000 in 1996 and further adjustments in subsequent years[52] - A special capital reserve was established with a limit of HKD 150,273,970, and as of June 30, 2024, the reserve had a credit balance of HKD 707,000, up from HKD 598,000 at the end of 2023[54] Cash Flow and Liquidity - Cash and cash equivalents decreased by 56.5% to HKD 3,109,000 as of June 30, 2024, from HKD 7,139,000 at the end of 2023[11] - Net cash inflow from operating activities was HKD 12,075,000, primarily due to a reduction in inventory[11] - Cash and cash equivalents decreased from HKD 7,036 thousand as of June 30, 2023, to HKD 3,109 thousand as of June 30, 2024[26] - Operating cash flow improved from a negative HKD 13,267 thousand in 2023 to a positive HKD 12,075 thousand in 2024[26] - Cash used in investing activities decreased from HKD 3,312 thousand in 2023 to HKD 1,729 thousand in 2024[26] - The company's cash flow from financing activities was negative HKD 14,346 thousand in 2024, compared to a positive HKD 14,584 thousand in 2023[26] - The company's cash and bank balances stood at HKD 3,109 thousand as of June 30, 2024, down from HKD 7,036 thousand as of June 30, 2023[26] Production and Sales - The total production of cattle leather for the period was 1,679,000 square feet, a decrease of 22.6% compared to 2,168,000 square feet in the same period last year[6] - The production of grey leather was 384 tons, a decrease of 51.2% compared to 787 tons in the same period last year[6] - The production of outsourced processing business was 6,312,000 square feet, an increase of 409.0% compared to 1,240,000 square feet in the same period last year[6] - The total sales of cattle leather for the period were 2,798,000 square feet, an increase of 16.2% compared to 2,408,000 square feet in the same period last year[6] - The sales of grey leather were 384 tons, a decrease of 51.2% compared to 787 tons in the same period last year[6] - The sales of outsourced processing business were 6,312,000 square feet, an increase of 409.0% compared to 1,240,000 square feet in the same period last year[6] - The company's consolidated revenue for the period was HK$42,118,000, an increase of 9.2% compared to HK$38,585,000 in the same period last year[6] - Revenue from customer contracts for the six months ended June 30, 2024, was HKD 42,118 thousand, compared to HKD 38,585 thousand in the same period in 2023, representing an increase of 9.2%[36] - Sales of processed leather decreased to HKD 28,606 thousand in 2024 from HKD 35,445 thousand in 2023, a decline of 19.3%[36] - Subcontracted leather processing revenue increased significantly to HKD 13,512 thousand in 2024 from HKD 3,140 thousand in 2023, a growth of 330.3%[36] - Revenue from Customer A accounted for 4,465 thousand HKD in the first six months of 2024, representing over 10% of the company's total revenue[35] - Revenue from Customer B accounted for 5,478 thousand HKD in the first six months of 2023, representing over 10% of the company's total revenue[35] Costs and Expenses - Procurement amount for the six months ended June 30, 2024, was HKD 12,722,000, a 66.4% decrease compared to the same period last year[7] - Capital expenditures for the six months ended June 30, 2024, totaled HKD 415,000, a decrease from HKD 827,000 in the same period last year[12] - Inventory provision reversal for the six months ended June 30, 2024, was HKD 10,451,000, compared to a provision of HKD 2,219,000 in the same period last year[8] - The group reported a pre-tax loss, with cost of goods sold increasing to HKD 47,207 thousand in 2024 from HKD 41,032 thousand in 2023[40] - Finance costs increased to HKD 295 thousand in 2024 from HKD 228 thousand in 2023, primarily due to higher bank loan and discounting expenses[39] - Impairment of trade receivables decreased to HKD 417 thousand in 2024 from HKD 1,200 thousand in 2023, a reduction of 65.3%[38] - Other income and gains, net, amounted to HKD 534 thousand in 2024, up from HKD 355 thousand in 2023, driven by higher sales of scrap materials in mainland China (HKD 900 thousand in 2024 vs. HKD 346 thousand in 2023)[37] - Total remuneration paid to key management personnel decreased to HKD 448,000 for the six months ended June 30, 2024, compared to HKD 525,000 for the same period in 2023[56] Strategic Plans and Future Outlook - The company plans to focus on product innovation, production process reengineering, and increasing outsourcing business to cultivate new competitive advantages in the second half of 2024[16] - The company aims to reduce costs, improve energy efficiency, and enhance management precision to ensure stable operations in a complex economic environment[16] - The company will seek new business opportunities to diversify revenue sources and enhance long-term growth potential[16] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code as set out in Appendix C1 of the Listing Rules, except for the temporary assumption of the Managing Director role by the Chairman during the transition period[64] - All directors of the company have confirmed compliance with the Model Code for Securities Transactions as set out in Appendix C3 of the Listing Rules during the six months ended June 30, 2024[65] - The company's audit committee and independent auditor, Zhonghui Anda CPA Limited, have reviewed the unaudited interim results for the six months ended June 30, 2024[66] - The company has not purchased, sold, or redeemed any of its listed securities on the Hong Kong Stock Exchange during the six months ended June 30, 2024[67] - No directors or senior executives of the company hold any interests or short positions in the company's shares or related securities as of June 30, 2024[59] Shareholding and Ownership - Guangdong Nanyue Group Co., Ltd. holds a 52.00% equity stake in the company through its 100% controlled subsidiary, Guangdong Assets Management (BVI) No.11 Limited[61][62] - Guangdong Yuehai Holdings Group Co., Ltd. holds a 19.34% equity stake in the company through its 100% controlled subsidiary, Yuehai Holdings Group Co., Ltd.[61][62] - The company's total issued ordinary shares as of June 30, 2024, amount to 538,019,000 shares[62] Environmental and Legal Provisions - The company has set aside a provision of approximately HKD 7,918 thousand for environmental violation penalties in mainland China, with no payments made as of June 30, 2024[48] Commitments and Reserves - Commitments for property leasehold improvements and plant and machinery increased to HKD 976,000 as of June 30, 2024, from HKD 269,000 at the end of 2023[55] - The company's property revaluation reserve increased by HKD 583 thousand in 2023 and HKD 807 thousand in 2024[25] - Exchange rate differences from the translation of foreign operations resulted in a loss of HKD 3,830 thousand in 2023 and HKD 423 thousand in 2024[25] Accounting Standards and Financial Reporting - The company adopted all relevant new and revised Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2024, with no significant impact on financial statements[30] - Over 90% of the company's revenue, performance, and assets are related to leather semi-finished and finished product processing and sales, as well as subcontracting leather processing in China[34] - The fair value of receivables measured at Level 2 was 2,928 thousand HKD as of June 30, 2024, compared to 4,460 thousand HKD as of December 31, 2023[32] - Trade receivables and bills receivable totaled HKD 27,219 thousand as of June 30, 2024, slightly up from HKD 26,873 thousand at the end of 2023[45]