Financial Performance - Revenue for the six months ended December 31, 2024, was HK$72,334,000, a decrease of 13.4% compared to HK$83,563,000 for the same period in 2023[7]. - Gross profit for the period was HK$43,921,000, down 13.7% from HK$50,860,000 in the previous period[7]. - Profit for the period increased to HK$11,637,000, representing a significant rise of 104.3% compared to HK$5,682,000 in the previous period[10]. - Earnings per share for the period were HK3.72 cents, up from HK2.18 cents in the previous period, reflecting a growth of 70.7%[10]. - Total comprehensive income for the period was HK$11,998,000, compared to HK$6,292,000 in the previous period, marking an increase of 90.5%[10]. - Profit before taxation for the six months ended 31 December 2024 was HK$11,987,000, an increase of 77.5% compared to HK$6,777,000 for the same period in 2023[21]. - The Group reported a profit before taxation of HK$11,987,000, compared to HK$6,777,000 for the same period last year, marking an increase of 77.5%[45]. - Profit attributable to owners of the Company for the same period was approximately HK$11.6 million, an increase from approximately HK$5.6 million in the previous period, mainly driven by the principal subsidiary Multitone Electronics PLC and a reduction in fair value loss on financial assets[121][126]. Revenue Breakdown - Revenue from technology system sales, including software licensing, was HK$60,378,000, down from HK$71,433,000, representing a decline of 15.5%[41]. - Revenue from installation and maintenance services increased to HK$24,820,000, up from HK$23,350,000, reflecting a growth of 6.3%[41]. - The Group's revenue for the six months ended December 31, 2024, was HK$72,334,000, a decrease of 13.4% compared to HK$83,563,000 for the same period in 2023 due to delays in Emergency Services orders in the UK and decreased sales in Germany[120][125]. Expenses and Costs - Distribution costs decreased to HK$12,280,000 from HK$13,826,000, a reduction of 11.2%[7]. - General and administrative expenses increased to HK$22,418,000 from HK$20,169,000, an increase of 11.1%[7]. - General and administrative expenses increased by approximately 11.2% to approximately HK$22 million compared to approximately HK$20 million in 2023, primarily due to higher administrative staff costs[123][128]. Assets and Liabilities - Current assets increased to HK$180,778,000 as of December 31, 2024, compared to HK$171,576,000 as of June 30, 2024[14]. - Net assets rose to HK$177,410,000 as of December 31, 2024, up from HK$165,412,000 as of June 30, 2024, indicating a growth of 7.3%[14]. - Trade and other receivables increased to HK$46,091,000 from HK$36,263,000, reflecting a growth of 27.1%[14]. - Cash and cash equivalents at the end of the period were HK$108,890,000, a decrease from HK$105,760,000 at the end of the previous year[21]. - The total equity at 31 December 2024 was HK$177,410,000, an increase from HK$140,885,000 at 31 December 2023, reflecting a growth of 26%[18]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended 31 December 2024 was HK$6,875,000, compared to HK$11,115,000 in 2023, reflecting a decrease of 38.5%[21]. - The company incurred finance costs of HK$231,000 for the six months ended 31 December 2024, a decrease from HK$294,000 in the same period of 2023[21]. - The repayment of lease liabilities amounted to HK$2,006,000 for the six months ended 31 December 2024, compared to HK$1,862,000 in 2023[21]. Taxation - Current tax expense decreased to HK$350,000 from HK$1,095,000, a reduction of 68.0%[54]. - The corporate income tax rate for the Group's German subsidiary remained at 31.45% for both years[57]. - The PRC subsidiary's enterprise income tax rate was maintained at 25% for both years[57]. Investments and Fair Value - The Group recorded an overall fair value loss on financial assets of approximately HK$0.4 million during the period, attributed to changes in market sentiment[130][132]. - As of 31 December 2024, the fair value of listed equity investments in Hong Kong classified as financial assets at fair value through profit or loss amounted to approximately HK$3.3 million, up from approximately HK$0.4 million on 30 June 2024[131]. - The Group held 101,000 shares in STAR CM Holdings Limited, with an accumulated unrealized loss of approximately HK$2.3 million as of 31 December 2024[138]. - The Group held 14,660,000 shares in China Environmental Resources Group Limited, with an accumulated unrealized loss of approximately HK$399,600 during the period[140]. Dividends - The Group has resolved not to pay any interim dividend for the six months ended 31 December 2024, consistent with the decision in 2023[63]. - The Board resolved not to declare an interim dividend for the six months ended 31 December 2024, consistent with the previous year[119][124]. Market and Strategic Initiatives - The UK remains the largest market for the company, with both revenue and profit on target, and several large contracts in the Emergency Services sector expected in early 2025[189]. - The company is investing in a rebranding initiative to modernize its image while maintaining a connection to its history, with the new branding set to launch on July 1, 2025[175][177]. - The company plans to expand its sales team to target new market sectors, particularly in the Baltic and Eastern European regions[174][189]. - The company is focusing on developing new products within its EkoTek® range to enhance staff safety and nurse call solutions, leveraging newer technology for greater bandwidth[184][187]. Product Development - The Multitone Nucleus™ product is currently in internal release, with external sales expected in the first quarter of 2025[180][185]. - The Multitone Evolve™ device is moving to the pilot stage, with expected sales availability in the second quarter of 2025[182][186]. - The company is set to release two major products in the first half of 2025, following a restructuring of its R&D efforts[175][177]. Operational Challenges - Sales in the EU market for the first half of the fiscal year were approximately HK$14.4 million, a decrease of 22.2% from approximately HK$18.5 million in the previous period[191][195]. - The increase in administrative expenses and the decrease in revenue highlight the need for strategic adjustments in operations and cost management moving forward[123][128]. - 看通集团有限公司在2024年下半年未能实现预期的欧元区复苏，导致运营受到 considerable 影响[144]. - 看通集团有限公司截至2024年12月31日的六个月收入和利润有所减少，但反映出对运营的深思熟虑和审慎管理[145].

Financial Performance - Revenue for the year ended June 30, 2024, was HK$152,279,000, an increase of 18.3% from HK$128,737,000 in 2023[2] - Adjusted profit for 2024 was HK$5,724,000, down 41.5% from HK$9,694,000 in 2023[2] - Attributable profit for 2024 was HK$5,724,000, consistent with the adjusted profit figure[2] - Earnings per share decreased to 2.18 HK cents in 2024 from 3.72 HK cents in 2023, representing a decline of 41.3%[2] - The Group reported total revenue of approximately HK$152 million for the fiscal year ended 30 June 2024, representing an increase of approximately 17.8% compared to HK$129 million in the previous fiscal year[17] - The profit attributable to the owners of the Group for the fiscal year ended 30 June 2024 was approximately HK$5.7 million, a decrease from approximately HK$9.7 million in the prior period[19] - Distribution costs for the fiscal year ending 30 June 2024 were approximately HK$27.5 million, a slight increase from HK$26.7 million in the previous period[19] - General and administrative expenses totaled approximately HK$54.4 million, representing a 12.6% increase from HK$48.3 million in the previous period[19] Cash and Assets - Cash and cash equivalents as of June 30, 2024, were HK$109,308,000, up from HK$100,760,000 in 2023[2] - Total assets increased to HK$242,416,000 in 2024 from HK$223,951,000 in 2023, reflecting a growth of 8.3%[2] Strategic Initiatives - The company plans to integrate artificial intelligence capabilities into its critical messaging systems to enhance efficiency and effectiveness[10] - The rollout of the Multitone Nucleus™ platform is scheduled for 2025, with a transition to an agile software development model[12] - The company aims to expand its market share in public safety, healthcare, and transportation sectors, emphasizing the importance of timely information exchange[9] - Future developments will include features for clinical collaboration and critical message delivery via the new Multitone Evolve™ messaging device[11] Investment and Market Performance - The Group's revenue growth is attributed to the resolution of supply chain issues and successful fulfillment of emergency services orders in the UK[17] - The Group's investment portfolio included listed equity investments in Hong Kong valued at approximately HK$0.4 million as of 30 June 2024[21] - The Group's investment in STAR CM Holdings recorded an accumulated unrealized loss of approximately HK$2.3 million[23] - STAR CM Holdings reported revenue of approximately RMB426.6 million for the year ended December 31, 2023, down from RMB873.4 million in 2022, indicating a decline of approximately 51.2%[23] Operational Developments - Multitone's i-Message® platform enhancements positively impacted sales in the UK public sector healthcare market[24] - EkoTek product line secured additional orders in the UK mental healthcare sector, with a new impact-resistant product (IK10 rating) expected in the next reporting period[24] - The MaBLE wander alarm wristband solution for elderly care was launched in the EU market, with successful installation in Germany[24] Economic and Market Conditions - A general economic slowdown has led to reduced consumer spending on non-essential items, particularly artifacts and collectibles[24] - The fiscal policies implemented to mitigate inflation are beginning to alleviate pressure on global economies, with signs of recovery observed across most economies[29] - Energy prices have stabilized, and component costs have shown a noticeable decline toward the end of the reporting period[29] Corporate Governance - The Company is committed to compliance with applicable laws and regulations, ensuring adherence to those that significantly impact the Group[56] - The Group emphasizes environmental protection and energy conservation, leading to significant achievements in environmental management[55] - The Company has a share option scheme, but no options have been granted since its adoption[79] - The Company has adopted an Anti-Corruption Policy on December 29, 2022, to prevent and address fraud and corruption[147] Risk Management - The Board has established and maintained effective risk management and internal control systems, reviewing their effectiveness annually[171] - The risk management framework is integrated into strategy development, business planning, and daily operations, with risks identified and ranked based on likelihood and consequence[177] - The internal control system is based on the COSO framework, which includes five components: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring[177] Shareholder Engagement - The Company encourages all shareholders to attend general meetings or appoint proxies to vote on their behalf[127] - The Company communicates with shareholders through annual and interim reports, with prompt responses to inquiries from shareholders and investors[166] - The Company ensures that the rights of shareholders and voting procedures are clearly explained during general meetings[166] Human Resources - Staff costs for the year ended June 30, 2024, were approximately HK$79 million, an increase from approximately HK$73 million in 2023[99] - As of June 30, 2024, the Group employed about 164 full-time and part-time staff globally[99] - The Company provides on-the-job training and development opportunities to enhance employees' career progression and values their health and well-being[58] Board Composition and Responsibilities - The Board consists of a balanced composition, with independent non-executive Directors exceeding one-third of the total[119] - The Board believes that the current ratio of executive, non-executive, and independent non-executive Directors is reasonable for checks and balances in decision-making[119] - The Board is collectively responsible for the leadership and control of the company, overseeing strategic decisions and performance[116]

Financial Performance - The total revenue for the year ended June 30, 2024, was HKD 152,279,000, an increase of 18.3% compared to HKD 128,737,000 in 2023[1] - The gross profit for the year was HKD 93,513,000, up from HKD 74,299,000, reflecting a growth of 25.8%[1] - The net profit for the year was HKD 5,724,000, a decrease of 41.5% from HKD 9,694,000 in the previous year[2] - The total comprehensive income for the year was HKD 15,938,000, significantly higher than HKD 1,314,000 in 2023[2] - Basic and diluted earnings per share decreased to HKD 2.18 from HKD 3.72, representing a decline of 41.2%[2] - The pre-tax profit for the fiscal year ending June 30, 2024, was reported at HKD 3,812,000, compared to a pre-tax profit of HKD 9,646,000 for the previous year, showing a decrease of 60.5%[11] - The profit attributable to the owners of the company for the fiscal year was approximately HKD 5.7 million, down from HKD 9.7 million in the previous year, primarily due to losses from financial assets and increased general and administrative expenses[27] Revenue Breakdown - For the fiscal year ending June 30, 2024, the total revenue from cultural product sales was HKD 80,446,000, an increase from HKD 59,722,000 in the previous year, representing a growth of 34.4%[8] - The revenue from technology system sales, including software licensing, reached HKD 47,278,000, up from HKD 45,806,000, indicating a growth of 3.2%[8] - The total revenue from leasing system products was HKD 24,555,000, compared to HKD 23,209,000 in the previous year, reflecting a growth of 5.8%[8] - The overall revenue for the group for the fiscal year ending June 30, 2024, was HKD 152,279,000, an increase from HKD 128,737,000 in the previous year, marking a growth of 18.2%[8] Assets and Liabilities - Non-current assets increased to HKD 37,717,000 from HKD 35,094,000, showing a growth of 7.5%[3] - Current assets totaled HKD 171,576,000, up from HKD 100,760,000, indicating a substantial increase of 70.4%[3] - Total liabilities decreased to HKD 73,932,000 from HKD 87,414,000, a reduction of 15.4%[4] - The company's equity increased to HKD 165,412,000 from HKD 134,593,000, reflecting a growth of 22.8%[4] Expenses - Distribution costs for the fiscal year were approximately HKD 27.5 million, a slight increase from HKD 26.7 million in the previous period, attributed to enhanced sales and marketing activities[29] - General and administrative expenses totaled approximately HKD 54.4 million, an increase of 12.6% from HKD 48.3 million in the previous period[30] - Financial costs decreased to approximately HKD 0.5 million from HKD 1.3 million in the previous fiscal year[31] Market and Product Development - The company remains focused on becoming a leader in integrated communication and automation solutions, leveraging opportunities in applications and IoT[25] - New product development is underway for EkoTek® and MaBLE, targeting enhanced safety and usability in high-risk environments, with a launch expected in the next reporting period[38] - The Multitone i-Message® critical messaging platform received significant updates, positively impacting sales in the UK public health market[37] - The next-generation Multitone Evolve™ device aims to enhance emergency communication solutions and is expected to launch within 2025, despite some design delays[47] Employee and Governance - The total employee cost for the year ended June 30, 2024, was approximately HKD 76 million, an increase from HKD 69 million in 2023[58] - The group employed approximately 164 full-time and part-time staff as of June 30, 2024[58] - The company has complied with the corporate governance code throughout the year, except for the separation of roles between the chairman and CEO[61] Cash Flow and Financing - The group maintained a strong financial position with liquid funds totaling approximately HKD 109 million as of June 30, 2024, an increase from HKD 101 million in 2023[53] - A fundraising measure completed on June 17, 2024, raised approximately HKD 14.8 million for general operating funds and potential investment opportunities[54] - The group has no borrowings, maintaining a zero debt-to-equity ratio, and continues to manage cash flow effectively to meet operational capital needs[53] Regulatory and Compliance - The company has adopted new accounting standards that did not have a significant impact on the financial performance for the year[6] - The company anticipates that the new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the reported amounts and disclosures in the consolidated financial statements in the foreseeable future[9] - The audit committee reviewed the accounting principles and practices adopted by the group for the year ended June 30, 2024[64]

Financial Performance - Revenue for the six months ended December 31, 2023, was HK$83,563,000, representing an increase of 57.5% compared to HK$52,992,000 in the previous period[5]. - Gross profit for the same period was HK$50,860,000, up 68.5% from HK$30,141,000 in the previous period[5]. - Profit for the period increased to HK$5,682,000, a rise of 35.3% from HK$4,199,000 in the previous period[8]. - Earnings per share for the period were HK2.18 cents, compared to HK1.61 cents in the previous period, reflecting a growth of 35.4%[8]. - Total comprehensive income for the period was HK$6,292,000, compared to a comprehensive loss of HK$4,862,000 in the previous period[8]. - The profit before taxation for the six months ended December 31, 2023, was HK$6,777,000, an increase of 59.5% from HK$4,245,000 in 2022[17]. - Net cash generated from operating activities was HK$11,115,000, a significant recovery from a net cash outflow of HK$28,907,000 in the previous year[17]. - The Group's revenue for the six months ended December 31, 2023, was HK$83,563,000, representing an increase from HK$52,992,000 in the same period of 2022, reflecting a growth of approximately 58%[36]. - Profit for the period attributable to owners of the Company increased to HK$5,682,000 for the six months ended 31 December 2023, compared to HK$4,199,000 for the same period in 2022, representing a growth of approximately 35.3%[53]. Assets and Liabilities - Non-current assets increased to HK$53,812,000 as of December 31, 2023, from HK$48,388,000 as of June 30, 2023[12]. - Current assets decreased to HK$163,555,000 from HK$175,563,000, indicating a decline of 6.9%[12]. - Net assets rose to HK$140,885,000 as of December 31, 2023, compared to HK$134,593,000 as of June 30, 2023, an increase of 4.3%[12]. - Cash and cash equivalents increased to HK$105,760,000 from HK$100,760,000, showing a growth of 5%[12]. - The total equity at December 31, 2023, was reported at (HK$140,885,000), a slight improvement from (HK$128,417,000) at the end of 2022[14]. - The total amount of trade payables decreased to HK$46,896,000 as of December 31, 2023, from HK$51,743,000 as of June 30, 2023, a reduction of approximately 9.4%[93]. - Contract liabilities from receipts in advance decreased to HK$22,038,000 as of December 31, 2023, from HK$31,402,000 as of June 30, 2023, representing a decline of about 29.9%[97]. Expenses - Distribution costs for the period were HK$13,826,000, up from HK$11,793,000 in the previous period, reflecting an increase of 17.2%[5]. - General and administrative expenses increased by approximately 17.6% to approximately HK$20 million for the six months ended 31 December 2023, compared to approximately HK$17 million in the previous period, driven by higher administrative staff costs and legal fees[112][117]. - The company incurred finance costs of HK$294,000, up from HK$35,000 in the previous year, indicating increased borrowing costs[17]. Revenue Segments - Revenue from technology system sales, including software licensing, amounted to HK$48,083,000 for the period, up from HK$21,967,000 in the previous year, indicating a growth of about 119%[36]. - The segment result for technology system sales was HK$20,137,000, compared to HK$3,333,000 in the prior period, showing a significant improvement in performance[39]. - The Group's leasing of system products generated revenue of HK$12,130,000, compared to HK$10,557,000 in the previous year, marking an increase of approximately 15%[36]. Taxation - Current tax expenses increased to HK$1,095,000 for the six months ended December 31, 2023, compared to HK$89,000 in the same period of 2022, primarily due to higher corporate income tax in Germany[47]. - The estimated corporate income tax rate for the Group's subsidiary in Germany is 31.45% for the current year, up from 31% in the previous year[50]. Investments and Fair Value - The Group recorded a fair value loss on financial assets at fair value through profit or loss of approximately HK$12.2 million during the period, attributed to changes in market sentiment[119][125]. - The fair value of listed equity investments in Hong Kong classified as financial assets at fair value through profit or loss was approximately HK$1.4 million as of 31 December 2023, down from approximately HK$14.0 million[120][121]. Strategic Initiatives - The company aims to expand its business through mergers and acquisitions, indicating a strategic focus on growth despite recent challenges[126]. - Continuous investment in R&D has led to improvements in the structure and management of the R&D function, aiding in reducing time to market for key projects[165]. - Development of the Multitone Aurora™ platform is ongoing, aimed at delivering a secure messaging application compatible with various devices, with a release expected towards the end of the fiscal year[167]. Market Performance - The UK market remains the largest for the company, exceeding revenue and sales intake targets by the end of December 2023[174]. - Sales in Oceania, particularly in Australia, showed significant improvement, making it the third largest market outside the UK, following Germany and the Irish Republic[177]. - The US market continues to underperform, with no substantial revenue growth expected in the short term, but long-term strategies are being developed[178].

Financial Performance - Revenue for the six months ended December 31, 2023, was HK$83,563,000, representing an increase of 58.5% compared to HK$52,992,000 for the same period in 2022[8]. - Gross profit for the period was HK$50,860,000, up 68.5% from HK$30,141,000 in the previous period[8]. - Profit for the period increased to HK$5,682,000, a rise of 35.3% from HK$4,199,000 in the previous period[11]. - Basic and diluted earnings per share were HK2.18 cents, compared to HK1.61 cents for the same period last year, reflecting a growth of 35.4%[11]. - Total comprehensive income for the period was HK$6,292,000, compared to a comprehensive expense of HK$4,862,000 in the previous period[11]. - Profit before taxation for the six months ended December 31, 2023, was HK$6,777,000, an increase from HK$4,245,000 in 2022, representing a growth of approximately 59.5%[20]. - Profit for the period attributable to owners of the Company increased to HK$5,682,000 for the six months ended 31 December 2023, compared to HK$4,199,000 in 2022, representing a growth of approximately 35.3%[56]. Assets and Liabilities - Non-current assets increased to HK$53,812,000 as of December 31, 2023, from HK$48,388,000 as of June 30, 2023[15]. - Current assets decreased to HK$163,555,000 from HK$175,563,000 as of June 30, 2023, primarily due to a reduction in inventories[15]. - Net assets rose to HK$140,885,000 as of December 31, 2023, compared to HK$134,583,000 as of June 30, 2023[15]. - The total equity as of December 31, 2023, was negative HK$140,885,000, a slight improvement from negative HK$128,417,000 at the end of 2022[17]. - Current liabilities decreased to approximately HK$73 million from HK$87 million[191]. - The company maintained a healthy level of financial liquidity with net current assets of approximately HK$89 million as of December 31, 2023[191]. Cash Flow - Net cash generated from operating activities for the six months ended December 31, 2023, was HK$11,115,000, compared to a net cash outflow of HK$28,907,000 in the previous year[20]. - Cash and cash equivalents at the end of the period increased to HK$105,760,000 from HK$72,646,000, marking an increase of approximately 45.5%[20]. - The effect of foreign exchange rate changes resulted in an increase of HK$1,569,000 in cash and cash equivalents during the period[20]. Expenses - Distribution costs increased to HK$13,826,000 from HK$11,793,000, reflecting a rise of 17.2% year-on-year[8]. - General and administrative expenses increased by approximately 17.6% to approximately HK$20 million for the six months ended 31 December 2023, compared to approximately HK$17 million in the previous year[115][120]. - The company incurred finance costs of HK$294,000 for the period, up from HK$35,000 in the previous year, indicating increased borrowing costs[20]. Revenue Segmentation - Revenue from technology system sales, including software licensing, was HK$48,083,000 for the period, up from HK$21,967,000 in the previous year, marking a significant increase of about 119.5%[39]. - The segment result for technology system sales was HK$20,137,000, compared to HK$3,333,000 in the prior period, indicating a substantial improvement in performance[42]. - The total revenue recognized at a point in time was HK$48,083,000, while revenue recognized over time amounted to HK$35,480,000 for the period[42]. Investments and Fair Value - The company reported a fair value loss on financial assets of HK$12,248,000 during the period, compared to a gain of HK$3,153,000 in the previous period[8]. - The fair value of investment property as of 31 December 2023 was HK$6,001,000, which was valued using the direct comparison method[71]. - As of 31 December 2023, the fair value of listed equity investments in Hong Kong classified as financial assets at fair value through profit or loss was approximately HK$1.4 million, down from approximately HK$14.0 million[123][124]. Market and Strategic Developments - The UK remains the largest market for the company, exceeding revenue and sales intake targets by the end of December 2023[177]. - The subsidiary in Germany achieved record revenue levels in the first half of the fiscal year, attributed to fulfilling order backlogs and a contract with Klinikum der Universität München[179]. - Sales in Oceania, particularly in Australia, showed significant improvement, making it the third largest market outside the UK, following Germany and the Irish Republic[180]. - The US market continues to underperform, with no substantial revenue growth expected in the short term, but the company is working on a strategy for long-term improvement[181]. Corporate Governance - The Board of directors resolved not to pay any interim dividend for the six months ended 31 December 2023, consistent with the decision in 2022[59]. - Key management personnel remuneration for the six months ended 31 December 2023 totaled approximately HK$5.8 million, an increase from approximately HK$3.1 million in the previous period[109][118].

Financial Performance - Revenue for the year ended June 30, 2023, was HK$128,737,000, a slight increase from HK$127,755,000 in 2022, representing a growth of 0.85%[3] - Adjusted profit for 2023 was HK$9,694,000, up from HK$4,558,000 in 2022, marking an increase of 113.4%[3] - Attributable profit for 2023 was HK$9,694,000 compared to HK$4,558,000 in 2022, reflecting a growth of 113.4%[3] - Earnings per share increased to 3.72 HK cents in 2023 from 2.06 HK cents in 2022, representing an increase of 80.6%[3] - Profit attributable to owners for the year ended June 30, 2023, was approximately HK$9.7 million, an increase from approximately HK$4.6 million for the previous year, with earnings per share rising to HK3.72 cents from HK2.06 cents[37] - The profit attributable to owners for the year ended June 30, 2023, was approximately HK$9.7 million, up from HK$4.6 million in the previous year, representing an increase of about 110.9%[40] - Earnings per share increased to HK$3.72 from HK$2.06, reflecting a growth of approximately 80.8% year-over-year[40] Assets and Liabilities - Cash and cash equivalents as of June 30, 2023, were HK$100,760,000, down from HK$108,260,000 in 2022, a decrease of 6.9%[3] - Total assets increased to HK$223,951,000 in 2023 from HK$210,187,000 in 2022, an increase of 6.5%[3] - Equity attributable to owners of the Company rose to HK$134,593,000 in 2023 from HK$133,279,000 in 2022, a marginal increase of 0.98%[3] - The Group's liquid assets as of June 30, 2023, amounted to approximately HK$101 million, a decrease from HK$108 million in 2022[118] - Current assets were approximately HK$176 million, up from HK$159 million in 2022, while current liabilities increased to approximately HK$87 million from HK$75 million[118] - The Group maintained a net current asset position of approximately HK$89 million, compared to HK$84 million in 2022, indicating healthy financial liquidity[118] - The Group had no borrowings as of June 30, 2023, maintaining a zero-gearing ratio, consistent with the previous year[118] Strategic Initiatives - Project Aurora is highlighted as a key strategic initiative aimed at sustainable urbanization and enhancing community quality of life[12] - Future focus will remain on the completion of Project Aurora, which is expected to be a transformative milestone for the Group[16] - The company has established strategic partnerships with international organizations to incorporate cutting-edge technologies and sustainable practices in product development[15] - The company aims to expand its market share while aligning with government strategies to protect vulnerable populations and maintain economic stability[22] Product Development and Innovation - The company continued to invest in the development of next-generation products, including Cloud and Internet of Things solutions, to enhance critical messaging capabilities[27] - The Multitone i-Message® platform successfully migrated to Cloud computing, with sales to the UK public sector healthcare and interest from international markets[29] - The EkoTek® personal security platform saw increased sales in the UK mental healthcare sector, driven by new product developments[34] - The company launched the MaBLE wander alarm wristband solution for elderly and dementia patient care, which integrates with the EkoTek Management System[35] - The next generation EkoTek Hub was released in Q1 2022, enabling larger deployments and supporting more devices in the Mental Healthcare market[64] - The development of a vandal and ligature resistant call point device for the EkoTek range led to the largest deployment of EkoTek solutions in the UK at Camden & Islington Mental Healthcare NHS Trust[65] - The Multitone Digital Alerter ("MDA") is under development, featuring an e-ink display and expected to be released for sales by the end of 2023[98] - The company plans to address market feedback with the launch of both Multitone Aurora™ and MDA in the forthcoming fiscal year, enhancing available solutions and opening new markets[106] Market Performance - The UK sales operation exceeded targets for the fiscal year despite significant challenges, with a focus on achieving increased sales targets in the new fiscal year[105] - The EU market is recovering post-COVID-19, with key distributors in France and Scandinavia increasing their sales[107] - In Oceania, sales have recovered and exceeded pre-pandemic levels, aided by a new distributor in New Zealand[108] - The US market remains behind expectations, although revenue has surpassed the previous period[109] - Component shortages and supply chain interruptions are easing, leading to a recovery in the second half of the fiscal year[91] Financial Management and Compliance - The Group has consistently followed prudent financial management principles, maintaining positive liquidity[133] - The Group does not engage in speculative derivative transactions or structured products, managing foreign exchange risk directly[134] - The Group has complied with all relevant laws and regulations that significantly impact its business and operations during the review year[183] - Compliance procedures are in place to ensure adherence to applicable laws and regulations, with no significant disputes reported with distributors or customers during the year[177][179] Governance and Leadership - The company in 2023 continued to expand its board, enhancing governance structure[155] - The management team includes experienced professionals with extensive backgrounds in finance, technology, and international markets[161][162][163][164] - Employee training and development opportunities are provided to enhance professional knowledge and skills[184] - An Environmental, Social and Governance (ESG) Report will be published alongside the annual report to comply with listing rules[171][175] Dividend Policy - No dividend will be paid for the year ended June 30, 2023, with capital reserved for business expansion and future investment opportunities[181] - The Company has established a dividend policy that allows for the declaration and distribution of dividends, subject to financial performance and other factors[188] - The Board will continually review the dividend policy, with no assurance of specific dividend payments in any given period[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之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公佈全部或任何部分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。 KANTONE HOLDINGS LIMITED 看 通 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1059） 截至2023年6月30日止年度 全年業績之公佈 全年業績 看通集團有限公司（「本公司」），連同其附屬公司，統稱（「本集團」）之董事（「董事」）會（「董 事會」）宣佈，本集團截至2023年6月30日止年度之綜合業績連同去年之比較數字如下： 綜合損益及其他全面收益表 截至2023年6月30日止年度 2023年 2022年 附註 千港元 千港元 收益 3 128,737 127,755 銷售成本 (54,438) (54,696) 毛利 74,299 73,059 其他收入、收益及虧損 3,551 2,985 按公平值計入損益之金融資產之公平值收益 10,582 — ...

Revenue and Profitability - Revenue for the six months ended December 31, 2022, was HK$52,992,000, a decrease of 15.8% compared to HK$62,870,000 in the previous period[5] - Gross profit for the same period was HK$30,141,000, down 17.3% from HK$36,432,000 in the previous period[5] - Profit for the period increased to HK$4,199,000, representing a 25.8% increase from HK$3,337,000 in the previous period[8] - Total comprehensive income for the period was a loss of HK$4,862,000, compared to a gain of HK$4,924,000 in the previous period[8] - Basic and diluted earnings per share were HK1.61 cents, slightly up from HK1.54 cents in the previous period[8] - Profit before taxation for the six months ended December 31, 2022, was HK$4,245,000, an increase of 19.7% compared to HK$3,545,000 in 2021[18] - The segment result for the technology segment was HK$3,333,000 for the six months ended December 31, 2022, down from HK$6,780,000 in the same period of 2021, reflecting a decrease of approximately 50.9%[44] - Profit attributable to owners of the Company for the six months ended December 31, 2022, was HK$4,199,000, up from HK$3,337,000 in 2021, representing an increase of approximately 25.9%[56] Cash Flow and Financial Position - Cash and cash equivalents decreased to HK$72,646,000 from HK$108,260,000 as of June 30, 2022[11] - Total assets less current liabilities amounted to HK$129,703,000, down from HK$135,672,000 as of June 30, 2022[11] - Net assets decreased to HK$128,417,000 from HK$133,279,000 as of June 30, 2022[11] - Net cash used in operating activities was HK$28,907,000, significantly higher than HK$4,392,000 in the previous year[18] - Cash and cash equivalents at the end of the period were HK$72,646,000, down from HK$102,169,000 at the end of the previous period[18] - The Group incurred finance costs of HK$35,000, a decrease of 90.1% from HK$352,000 in the previous year[18] - The repayment of loans to third parties amounted to HK$5,971,000, slightly lower than HK$6,135,000 in the previous year[18] - The Group's cash used in investing activities was HK$3,481,000, a decrease from HK$10,563,000 in the previous year[18] - The group maintained liquid assets of approximately HK$73 million as of December 31, 2022, down from HK$108 million on June 30, 2022[195] - Current assets were approximately HK$140 million, while current liabilities amounted to approximately HK$61 million, resulting in net current assets of approximately HK$79 million[195] - The group's gearing ratio was 2.7% as of December 31, 2022, compared to zero on June 30, 2022, indicating a shift towards leveraging for business expansion[195][198] Revenue Breakdown - Revenue from technology system sales, including software licensing, was HK$21,967,000, down 17.5% from HK$26,513,000 in the previous year[38] - Revenue from installation and maintenance services decreased to HK$20,468,000, a decline of 15.0% from HK$24,168,000 in 2021[38] - Total revenue for the Group was HK$52,992,000, representing a decrease of 15.8% compared to HK$62,870,000 in the same period last year[38] - Total revenue for the six months ended December 31, 2022, was HK$52,992,000, a decrease from HK$62,870,000 in the same period of 2021, representing a decline of approximately 15.7%[41] - The Group reported total revenue of approximately HK$53 million for the six months ended 31 December 2022, a decrease of approximately 15.9% compared to approximately HK$63 million in the previous period, primarily due to an 11.9% devaluation of the pound sterling[105] Expenses and Cost Management - Distribution costs decreased to HK$11,793,000 from HK$12,901,000 in the previous period, reflecting a reduction of 8.6%[5] - General and administrative expenses decreased by approximately 19% to approximately HK$17 million for the six months ended December 31, 2022, down from approximately HK$21 million in 2021, due to reduced administrative staff costs and legal fees[108] - Key management personnel remuneration for the six months ended December 31, 2022 totaled approximately HK$3.137 million, down from approximately HK$5.543 million in the previous period[101] Asset Management - As of December 31, 2022, the carrying value of property, plant, and equipment was HK$33,846,000, down from HK$38,811,000 as of July 1, 2022, indicating a decrease of approximately 12.8%[61] - The Group's finished goods inventory was HK$11,223,000 as of December 31, 2022, an increase of 7.3% from HK$10,463,000 as of June 30, 2022[70] - The Group's total trade and other receivables reached HK$24,242,000 as of December 31, 2022, compared to HK$23,837,000 as of June 30, 2022, reflecting a slight increase of 1.7%[70] - The Group's trade receivables amounted to HK$12,556,000, a decrease of 5.3% from HK$13,261,000 as of June 30, 2022[70] - The ageing analysis of trade receivables showed that HK$12,059,000 (96.0%) were within 0-60 days past due as of December 31, 2022, compared to HK$10,658,000 (80.5%) as of June 30, 2022[72] Investments and Fair Value - The company reported a fair value gain on financial assets of HK$3,153,000 for the period[5] - The Group recorded an overall fair value gain on financial assets at fair value through profit or loss of approximately HK$4.3 million during the period, attributed to changes in market sentiment on certain stocks[114] - As of December 31, 2022, the fair value of listed equity investments in Hong Kong classified as financial assets at fair value through profit or loss amounted to approximately HK$11 million, consisting of two equity securities listed on the main board of The Stock Exchange of Hong Kong Limited[115] - The Group held 5,700,000 shares in Yuan Heng Gas Holdings Limited, recording an accumulated unrealized loss of HK$1,881,000 as of December 31, 2022[122] - The Group held 180,000 shares in STAR CM Holdings Limited, with an accumulated unrealized gain of HK$4,293,000 as of December 31, 2022[129] Strategic Initiatives and Future Outlook - The company is focusing on R&D to support Cloud and IoT solutions, aiming to develop a competitive advantage despite challenges from the Ukraine conflict[134] - The Multitone i-Message™ platform has been successfully migrated to a Cloud computing instance, leading to increased sales in the UK public sector healthcare[136] - The new Cloud-optimized service architecture for the Multitone i-Message™ platform, under development as "Aurora," is a major focus for R&D[137] - The company is investing in the development of the Multitone Digital Alerter ("MDA"), which will feature an e-ink display, rapid charging, two-way communication, and is scheduled for sale release towards the end of 2023[171] - The management team faces challenges from component shortages, supply chain interruptions, and rising costs due to the ongoing conflict in Ukraine and predicted global economic slump[168][172] Loan Management and Credit Policy - The company maintains a credit assessment process for loans, which includes verifying the identity and financial status of borrowers and guarantors[155][160] - All loans are made using idle funds and are only granted to individuals known to the directors of the subsidiary[154][155] - The company has established procedures for handling delinquent loans, including sending demand letters and potentially taking legal action if necessary[165] - The company’s PRC directors maintain personal contact with borrowers and remind them of repayment obligations one month before due dates[161]

Financial Performance - Revenue for the year ended June 30, 2022, was HK$127,755,000, a decrease of 8.6% from HK$139,069,000 in 2021[6] - Adjusted profit for the year was HK$4,558,000, down 19.6% from HK$5,669,000 in the previous year[6] - Attributable profit for the year was HK$4,558,000, compared to HK$5,689,000 in 2021, reflecting a decrease of 19.9%[6] - Earnings per share for the year was 2.06 HK cents, down from 2.62 HK cents in 2021, representing a decline of 21.4%[6] - Profit attributable to owners of the Company for the year ended June 30, 2022, was approximately HK$4.6 million, down from approximately HK$5.7 million in the previous year, reflecting an 8% decrease in revenue despite an 11% reduction in general and administrative expenses[30] - Earnings per share decreased to HK2.06 cents from HK2.62 cents in the previous year[30] Cash and Assets - Cash and cash equivalents as of June 30, 2022, were HK$108,260,000, a decrease from HK$118,848,000 in 2021[6] - Total assets as of June 30, 2022, were HK$210,187,000, while total equity was HK$133,279,000[6] - Current assets were approximately HK$159 million, a decrease from approximately HK$178 million in 2021, representing a decline of about 10.67%[158] - Current liabilities amounted to approximately HK$75 million, down from approximately HK$91 million in 2021, indicating a reduction of about 17.58%[158] - The Group maintained net current assets of approximately HK$84 million, slightly down from approximately HK$87 million in 2021, a decrease of about 3.45%[158] - The Group had no borrowings as of June 30, 2022, maintaining a zero gearing ratio[158] Cost Management - Distribution costs for the year were approximately HK$24.4 million, a decrease of about 5% from approximately HK$25.7 million in the previous year, primarily due to the negative impact of COVID-19 on travel and the cancellation of trade shows[30] - General and administrative expenses decreased by approximately 11% to approximately HK$46 million from approximately HK$51.8 million in the previous year, attributed to prudent cost control measures[30] - Finance costs decreased to approximately HK$629,000 from approximately HK$1.1 million in the previous fiscal year[31] Strategic Focus and Development - The company is focusing on software development and enhancement, transitioning existing customers from traditional RF solutions to smartphone-based secure messaging[17] - The company aims to adapt to the challenges posed by the pandemic and rising inflation through active measures and strategic adjustments[17] - The management is committed to creating more revenue in a low growth environment, indicating a focus on resilience and innovation[17] - The Group is focusing on expanding its market share and aligning with government strategies to protect vulnerable populations and maintain economic stability[21] - The Group is investing in R&D, particularly in cloud-based solutions, to enhance its competitive advantage in the healthcare sector[35] Partnerships and Innovations - The partnership with Amazon Web Services (AWS) has enabled the Group to offer a reliable cloud platform with over 99.9% availability, supporting the migration of its i-Message solution to the cloud[38] - The company has successfully transitioned its Multitone i-Message solution to the cloud, leveraging a partnership with Amazon Web Services (AWS) to provide a reliable cloud platform for existing healthcare clients[41] - The next generation EkoTek Hub was released in Q1 2022, enabling the deployment of larger EkoTek solutions that support a greater number of devices[46] - The largest EkoTek solution ever deployed in the UK was successfully implemented at Camden & Islington Mental Healthcare NHS Trust, leading to recognition as the Best Mental Health Solution at the Health Tech Digital Awards 2022[47] - The successful innovation in the EkoTek and EkoCare product lines has led to high-profile contracts in the mental healthcare market[45] Economic Outlook - Global economic growth is forecasted to slow from 6.1% in 2021 to 3.2% in 2022, with significant downgrades in Europe due to the war in Ukraine and tighter monetary policy[132][134] - Global inflation is anticipated to reach 6.6% in advanced economies and 9.5% in emerging markets in 2022, reflecting upward revisions of 0.9 and 0.8 percentage points respectively[132][134] - The risks to the economic outlook are overwhelmingly tilted to the downside, indicating potential challenges ahead[132][134] Property Acquisition - The company has acquired a property in the UK for £575,000 through its wholly-owned subsidiary, Multitone Electronics PLC[123] - The acquisition allows Multitone to better control the development of the area around its head office and provides an opportunity to expand office premises[131][133] - Multitone plans to hold the property for investment purposes, leasing it out for rental income while retaining a small portion for its own use[131][134] Management and Governance - Mr. Chan has held 52.46% equity interest in the company through his controlled entity, Cheng Chuang Investment Limited, with 136,628,444 shares as of the report date[186] - Mr. Liu has over 35 years of professional experience in finance and accounting, serving as a non-executive director since October 2020[189] - Ms. To has approximately 10 years of legal experience and has been a non-executive director since July 2017[190] - Mr. Leung has extensive experience in accounting and finance, currently serving as an independent non-executive director since October 2017[193] - The CEO, Mr. Edward Paterson, prioritizes the development of new technologies and solutions in the Multitone product portfolio[200]

Financial Performance - Revenue for the six months ended December 31, 2021, was HK$62,870,000, a decrease of 6.3% compared to HK$66,993,000 in the previous period[6]. - Gross profit for the same period was HK$36,432,000, down 7.1% from HK$39,218,000 in the previous period[6]. - Profit before taxation decreased to HK$3,545,000, representing a decline of 50.1% from HK$7,076,000 in the previous period[10]. - Profit for the period was HK$3,337,000, down 51.6% compared to HK$6,884,000 in the previous period[10]. - Total comprehensive income for the period was HK$4,924,000, a decrease of 62.9% from HK$13,252,000 in the previous period[10]. - Basic and diluted earnings per share were HK1.54 cents, down from HK3.17 cents in the previous period[10]. - The profit for the period ended December 31, 2021, was HK$3,337,000, compared to HK$6,884,000 for the same period in 2020[20]. - Profit attributable to owners of the Company was approximately HK$3.3 million, down from approximately HK$6.9 million in the previous period, primarily due to a decrease in turnover and a significant drop in interest income from money lending activities, which decreased by HK$1.4 million, or about 87.5%[118]. Assets and Liabilities - Non-current assets increased to HK$44,472,000 as of December 31, 2021, compared to HK$38,885,000 as of June 30, 2021[15]. - Current assets decreased to HK$156,169,000 from HK$177,105,000 as of June 30, 2021[15]. - Net assets increased to HK$112,587,000 from HK$107,663,000 as of June 30, 2021[15]. - Total equity remained stable at HK$112,587,000 as of December 31, 2021, compared to HK$107,663,000 as of June 30, 2021[15]. - As of December 31, 2021, total equity amounted to HK$112,587,000, an increase from HK$107,663,000 as of July 1, 2021[20]. - The Group's trade receivables as at 31 December 2021 were HK$14,809,000, slightly down from HK$14,822,000 as at 30 June 2021[77]. - Total inventories as at 31 December 2021 amounted to HK$22,190,000, a decrease from HK$23,105,000 as at 30 June 2021[72]. - The carrying value of property, plant, and equipment increased to HK$41,445,000 as at 31 December 2021 from HK$34,582,000 as at 1 July 2021[67]. - As of December 31, 2021, trade payables amounted to HK$50,458,000, an increase from HK$48,601,000 as of June 30, 2021[94]. - Receipts in advance from customers for the provision of services were HK$22,034,000 as of December 31, 2021, down from HK$24,970,000 as of June 30, 2021[101]. Cash Flow - Cash and cash equivalents at the end of the period were HK$102,169,000, a decrease from HK$118,689,000 at the end of 2020[26]. - Net cash used in operating activities for the six months ended December 31, 2021, was HK$4,392,000, compared to a net cash generated of HK$17,551,000 for the same period in 2020[26]. - The company reported a net cash used in investing activities of HK$10,563,000 for the six months ended December 31, 2021[26]. - The company experienced a decrease in cash and cash equivalents of HK$16,719,000 during the period[26]. Segment Performance - Revenue from technology system sales, including software licensing and maintenance services, was HK$50,681,000, down from HK$55,542,000, representing a decline of 8.3%[39]. - Revenue from technology installation and maintenance services increased to HK$24,168,000, up 11.5% from HK$21,681,000 in the previous year[39]. - The segment result for technology system sales was HK$4,816,000, while the segment result for leasing of system products was HK$1,926,000, contributing to a consolidated segment result of HK$6,780,000[44]. - The Group's performance in the first half of the fiscal year indicates a focus on technology and service offerings, with a notable increase in installation and maintenance services revenue[39]. Corporate Governance and Management - The Group did not declare any interim dividend for the six months ended 31 December 2021, consistent with the previous year[64]. - The Group has resolved not to declare an interim dividend for the six months ended December 31, 2021, consistent with the previous year[116]. - The Company complied with the Corporate Governance Code during the six months ended December 31, 2021, except for the non-executive Director not being appointed for a specific term[195]. - Mr. Liu Ka Lim received a special one-off bonus of HK$540,000 as of December 31, 2021[196]. Strategic Initiatives - The Group's adaptive market strategies helped maintain revenue levels despite pandemic challenges by adjusting the product mix to meet changing market needs[117]. - The Group's future income from rental contracts has been pledged as collateral for defined benefit retirement schemes of certain subsidiaries in the UK[111]. - The Offeror plans to review the existing principal businesses and financial position to formulate future business strategies, which may include asset disposals, acquisitions, and business diversification[136]. - The Company is exploring the possibility of introducing Multitone's products to Hong Kong and other Asian markets, which may require additional working capital[136]. - The Offeror's acquisition strategy may enhance the long-term growth potential of the Group[136]. Market Conditions - The UK economy is projected to grow by 4.7% in 2022 and 2.3% in 2023, with potential deceleration in growth thereafter[156]. - Increased border controls and additional import/export requirements due to Brexit have caused short-term disruptions in the supply chain[156]. - The emergence of new virus variants remains a downside risk, although the economy has adapted to social distancing measures[156]. Employee and Operational Insights - The Group employed about 170 staff globally, with staff costs amounting to approximately HK$32.5 million for the six months ended December 31, 2021, compared to HK$27.3 million for the same period in 2020[181]. - The remuneration and promotion of employees are determined by senior management based on business needs and market terms[181].