7月2日，截至港股收盘，恒生指数上涨0.62%，报24221.41点。威讯控股（01087.HK）收报0.43港元/ 股，上涨14.67%，成交量126.44万股，成交额47.39万港元，振幅20.0%。 最近一个月来，威讯控股累计涨幅8.7%，今年来累计涨幅22.95%，跑赢恒生指数20%的涨幅。 财务数据显示，截至2024年12月31日，威讯控股实现营业总收入4.66亿元，同比减少16.93%；归母净利 润-6354.9万元，同比减少54.14%；毛利率12.32%，资产负债率68.86%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 大事提醒 2025年6月24日，田一妤于2025-06-24增持3万股，每股均价0.35港元，最新持股数目1837万股，最新持 股比例9.18% （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 资料显示，威讯控股有限公司(前称:泓淋科技集团有限公司)是一家在香港联交所上市的公司(股份代 号:1087)。威讯控股有限公司及其子公司(集团)主要从事的业务包括:网络系统集成、专业网络服务、及 移动软件平台。 本集团主要 ...

Financial Performance - The Group's financial performance was adversely affected by intense competition in Mainland China and global market uncertainty, leading to a decline in sales orders and overall sales[17]. - Revenue for the year ended December 31, 2024, was RMB 466,031,000, a decrease of 16.9% from RMB 561,011,000 in 2023[32]. - Gross profit for 2024 was RMB 57,434,000, down from RMB 69,698,000 in 2023, resulting in a gross profit margin of 12.3%[32][40]. - Loss before tax increased to RMB 66,505,000 in 2024 from RMB 33,519,000 in 2023, indicating a significant rise in operational challenges[32]. - The net loss margin for 2024 was (13.6%), compared to (6.3%) in 2023, reflecting worsening financial performance[40]. - A net loss of approximately RMB 63.5 million was recorded for the year, compared to a net loss of approximately RMB 35.4 million in 2023[48]. - The Group recorded a gross profit of approximately RMB 57.4 million, a decrease of approximately RMB 12.3 million or approximately 17.6% compared to 2023, with a gross profit margin of approximately 12.3%[69]. - Other comprehensive loss for the year totaled approximately RMB 1,932,000, contributing to a total comprehensive loss of approximately RMB 65.5 million[46]. Revenue Breakdown - Revenue from the IT infrastructure system integration segment was approximately RMB 434.0 million for the year, down from approximately RMB 504.7 million in 2023[56]. - Revenue from the smart office software solutions business was significantly impacted, leading to a decline in sales due to conservative spending by multinational corporations[57]. - Revenue from the Hong Kong region's Library Project was approximately RMB 85.2 million, representing a decrease of approximately RMB 20.5 million or approximately 19.4% compared to 2023[54]. - Revenue from smart office software solutions decreased by approximately RMB 24.3 million or 43.2%, totaling approximately RMB 32.0 million for the Year[61]. Cost Management and Expenditures - Stringent controls on expenditures will be implemented to manage uncertainties related to economic and political conditions[26]. - The company will implement strict cost controls to manage uncertainties related to economic and political conditions[28]. - The cost of sales decreased by approximately RMB 82.7 million or 16.8% to approximately RMB 408.6 million for the Year, in line with the decrease in revenue[68]. - The Group's administrative expenses decreased by approximately RMB 0.3 million or 0.5% to approximately RMB 62.0 million for the Year[76]. Cash Flow and Financing - Cash flows from operating activities improved to RMB 7,640,000 in 2024, compared to a cash outflow of RMB 36,906,000 in 2023[44]. - The net cash from operating activities for the year was approximately RMB 7.6 million[103]. - The net cash used in financing activities was approximately RMB 3.0 million, primarily due to the repayment of bank borrowings of approximately RMB 195.8 million and new borrowings of approximately RMB 200.2 million[104]. - Capital expenditures for the year were approximately RMB 3.0 million, significantly lower than RMB 88.1 million in 2023[106]. Strategic Initiatives - The Group has incorporated AI into its product features to enhance innovation and improve customer productivity and efficiency[20]. - The Group plans to enhance product innovation in AI and green technology to align with global sustainability trends and improve competitive edge[26]. - The Group aims to enhance product innovation and competitiveness, particularly in AI and green technology, to strengthen its market position[131]. - The Group remains cautiously optimistic about business prospects due to new market opportunities created by China's "Going Global" strategy and the Belt and Road Initiative[130]. Market Environment - The worldwide IT market experienced a slight rebound in the second half of the year, driven by advancements in AI technologies, presenting both challenges and opportunities for the Group[20]. - The operational environment faced challenges including intense competition in the China market and uncertainties in the global economy, affecting customer demand and sales orders[48]. Governance and Leadership - The company has a diverse board with members holding various qualifications, including CPA and CFA designations, enhancing its governance and financial oversight[160]. - The Board consists of three executive Directors, one non-executive Director, and three independent non-executive Directors as of December 31, 2024[176]. - The Board held a total of 9 meetings during the Year, with 2 written resolutions passed[182]. - The Board is responsible for overseeing major matters, including financial objectives and risk management[181]. Employee and Operational Metrics - The total number of employees decreased to 323 in 2024 from 325 in 2023, with notable changes in various departments[124]. - The average turnover days for trade and bills receivables increased to 230 days as of December 31, 2024, from 202 days in 2023, due to longer collection periods[97]. - The Group's cash conversion cycle increased from 73 days in 2023 to 100 days in 2024, influenced by the rise in average turnover days for trade and bill receivables[98].

Financial Performance - For the year ended December 31, 2024, the company recorded total revenue of approximately RMB 466.0 million, a decrease of approximately RMB 95.0 million or about 16.9% compared to RMB 561.0 million for the year ended December 31, 2023[4] - The net loss for the year ended December 31, 2024, was approximately RMB 63.5 million, compared to a net loss of approximately RMB 35.4 million for the year ended December 31, 2023[4] - Basic and diluted loss per share for the year ended December 31, 2024, was approximately RMB 32.33, compared to RMB 28.90 for the year ended December 31, 2023[4] - The company reported a gross profit of RMB 57.4 million for the year ended December 31, 2024, down from RMB 69.7 million in the previous year[5] - Total revenue from customer contracts decreased to RMB 466,031,000 in 2024 from RMB 561,011,000 in 2023, representing a decline of approximately 17%[20] - Revenue from external customers in mainland China decreased to RMB 361,386,000 in 2024 from RMB 427,155,000 in 2023, representing a decline of approximately 15.4%[18] - Revenue from the IT infrastructure system integration segment was approximately RMB 434.0 million, down from RMB 504.7 million in 2023[44] - Revenue from smart office software solutions decreased by approximately RMB 24.3 million or about 43.2% to approximately RMB 32.0 million, compared to RMB 56.3 million in 2023[45] - The pre-tax loss attributable to the parent company increased to RMB 63,549,000 in 2024 from RMB 41,229,000 in 2023, reflecting a rise of about 54%[28] Cash Flow and Liquidity - Cash and cash equivalents at the end of the year were RMB 85.5 million, an increase from RMB 76.2 million at the end of the previous year[9] - The company generated net cash inflow from operating activities of RMB 7.6 million for the year ended December 31, 2024, compared to an outflow of RMB 36.9 million in the previous year[9] - The group has implemented measures to enhance liquidity and believes it will have sufficient working capital to meet its financial obligations over the next 15 months[14] - The average turnover days for trade and bills receivables increased to 230 days from 202 days in the previous year, impacting the cash conversion cycle which rose from 73 days to 100 days[62] Assets and Liabilities - Total assets less current liabilities amounted to RMB 222.1 million as of December 31, 2024, down from RMB 279.4 million in the previous year[8] - The company’s total equity was RMB 212.4 million as of December 31, 2024, compared to RMB 266.8 million in the previous year[8] - The group reported a net loss of approximately RMB 63,549,000 for the year ending December 31, 2024, with current liabilities exceeding current assets by approximately RMB 10,742,000[14] - As of December 31, 2024, the company's debt-to-capital ratio increased to approximately 33.7% from 31.2% in the previous year, mainly due to a decrease in total assets[58] - The company had interest-bearing bank and other borrowings totaling approximately RMB 201.4 million as of December 31, 2024, up from RMB 169.6 million in the previous year[58] Expenses and Costs - The cost of sold inventory decreased to RMB 406,772,000 in 2024 from RMB 488,535,000 in 2023, a reduction of about 17%[22] - Financing costs increased to RMB 13,303,000 in 2024 from RMB 10,704,000 in 2023, marking an increase of approximately 24%[21] - Sales and distribution expenses decreased by approximately RMB 1.4 million or about 5.1% to approximately RMB 26.0 million, compared to RMB 27.4 million in 2023[51] - Administrative expenses decreased by approximately RMB 0.3 million or about 0.5% to approximately RMB 62.0 million, remaining stable compared to 2023[52] - Research and development costs rose to RMB 22,465,000 in 2024 from RMB 21,963,000 in 2023, an increase of about 2.3%[22] Impairments and Fair Value Losses - The company incurred a goodwill impairment of RMB 8.5 million during the year ended December 31, 2024[5] - The fair value loss on investment properties increased to RMB 16,082,000 in 2024 from RMB 6,812,000 in 2023, indicating a significant decline in property value[22] - The company recorded a fair value loss of approximately RMB 2.9 million on equity investments, compared to RMB 3.0 million in 2023, due to market impacts from geopolitical tensions and economic fluctuations[70] Strategic Initiatives and Future Outlook - The company maintained strategic partnerships with major technology firms to expand its customer base and enhance service offerings[43] - The company is focusing on expanding its target customer base beyond multinational corporations to include domestic manufacturers[45] - The company is actively exploring potential mergers and acquisitions to strengthen its market position[82] - The company remains cautiously optimistic about business prospects, actively seeking opportunities domestically and internationally while implementing strict cost control measures[74] Corporate Governance and Reporting - The board does not recommend declaring any final dividend for the year ended December 31, 2024, similar to the previous year[75] - The company has maintained a public float of at least 25% of its issued shares as required by listing rules[81] - The annual report for the fiscal year ending December 31, 2024, will be published on the Hong Kong Stock Exchange and the company's website at the appropriate time[82] - The company is committed to adhering to all applicable information as required by listing rules[82] - The report will include all relevant data as stipulated by the listing rules[82] - The company aims to enhance transparency and provide stakeholders with timely updates on financial performance[82] - The board includes independent non-executive directors, ensuring diverse oversight[82]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 227,297,000, a decrease of 13.1% from RMB 261,641,000 in 2023[6] - Gross profit for the same period was RMB 23,338,000, down 30.0% from RMB 33,355,000 in 2023[6] - Loss before tax increased to RMB 41,895,000 compared to RMB 18,710,000 in the previous year[6] - Loss for the period attributable to owners of the parent was RMB 40,467,000, compared to a profit of RMB 23,133,000 in 2023[6] - Basic and diluted loss per share for the period was (20.94) RMB cents, compared to (16.41) RMB cents in 2023[7] - Total revenue decreased by approximately RMB34.3 million or approximately 13.1% to approximately RMB227.3 million for the six months ended 30 June 2024 compared to RMB261.6 million for the same period in 2023[17] - Gross profit decreased by approximately RMB10.1 million or approximately 30.2% to approximately RMB23.3 million for the Period, with a gross profit margin of approximately 10.3%, down from 12.7% in the previous year[20] - A net loss of approximately RMB40.5 million was recorded for the Period, compared to a net loss of approximately RMB19.3 million for the six months ended 30 June 2023[17] - The Group recorded a loss for the period of approximately RMB 40.5 million, an increase from approximately RMB 19.3 million in the same period last year, primarily due to fair value losses on investment properties[31] - Total comprehensive loss for the period was RMB 40,626,000, up from RMB 17,963,000 in the previous year, indicating a year-over-year increase of about 126.1%[106] Operational Challenges - The company has experienced a significant increase in losses, indicating potential challenges in operational efficiency and market conditions[6] - Future outlook may involve strategic adjustments to address the declining revenue and increasing losses[6] - The Group aims to strengthen its product portfolio and expand its customer base and sales network, expecting improved sales performance in the second half of 2024[45] - The Group will continue to develop and optimize smart office solutions, incorporating Artificial Intelligence (AI) to enhance productivity and efficiency[46] - The Group's strategic partnerships with various tech giants aim to enhance customer relationships and acquire new customers despite market challenges[14] Financial Position - Total assets as of 30 June 2024 were approximately RMB743,498,000, a slight decrease from RMB746,400,000 as of 31 December 2023[11] - Interest-bearing bank and other borrowings increased to approximately RMB184,597,000 as of 30 June 2024, up from RMB169,561,000 as of 31 December 2023[11] - The Group maintained a current ratio of 1.0 as of 30 June 2024, consistent with the previous period[11] - The gearing ratio as of June 30, 2024, was approximately 32.4%, compared to 31.2% as of December 31, 2023, indicating stable financial leverage[32] - The Group had net assets of approximately RMB 236.0 million, indicating the ability to meet redemption obligations under the Convertible Bond[67] Cash Flow and Investments - Net cash used in operating activities for the period was approximately RMB 34.7 million, while net cash generated from financing activities was approximately RMB 12.9 million[38] - The net cash generated from investing activities was approximately RMB 1.0 million, primarily from the sale of debt investments[39] - The Group recorded a fair value loss on equity investments at fair value through profit or loss of approximately RMB 2.9 million during the period[44] - The fair value loss on investment properties for the period was approximately RMB 14.9 million, contributing to the overall loss[31] - The Group's cash and cash equivalents decreased to RMB 55,142,000 as of June 30, 2024, from RMB 76,196,000 at the end of 2023, representing a decrease of approximately 27.6%[109] Share Capital and Corporate Governance - The company reported no dividends have been paid or proposed during the six months ended June 30, 2024, and the same applies for the previous period[161] - The Board did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[84] - The company has complied with the Corporate Governance Code except for the deviation regarding the roles of chairman and CEO being held by the same individual[88] - The Company plans to re-comply with the Corporate Governance Code by appointing a suitable candidate for the CEO position in the future[88] Employee and Management Changes - As of June 30, 2024, the total number of employees decreased to 320 from 325 as of December 31, 2023, with a notable increase in manufacturing and technical engineering staff to 128[50] - Changes in the board included the resignation of Mr. Lu Chengye as executive Director and Ms. Chung, Elizabeth Ching Yee as non-executive Director effective May 31, 2024[102] Accounting and Compliance - The interim financial information has not been audited but has been reviewed by the company's audit committee[136] - The accounting policies adopted for the interim financial information are consistent with those used in the preparation of the Group's annual consolidated financial statements for the year ended December 31, 2023[138] - The company has adopted the Model Code for Securities Transactions by the Directors and confirmed compliance with the required standards during the six months ended June 30, 2024[91][96]

Financial Performance - Total revenue for the six months ended June 30, 2024, decreased by approximately RMB 34.3 million or 13.1% to approximately RMB 227.3 million compared to RMB 261.6 million for the same period in 2023[3] - Gross profit for the same period decreased by approximately RMB 10.1 million or 30.2% to approximately RMB 23.3 million, down from RMB 33.4 million in 2023[3] - The company recorded a net loss of approximately RMB 40.5 million for the six months ended June 30, 2024, compared to a net loss of RMB 19.3 million for the same period in 2023[3] - The gross margin for the six months ended June 30, 2024, was 10.3%, down from 12.7% in 2023[2] - The net loss margin for the same period was (17.8%), compared to (7.4%) in 2023[2] - Total comprehensive loss for the period was RMB 40,626,000, up from RMB 17,963,000 in the previous year, indicating a year-over-year increase of about 126.1%[6] - The company reported a loss attributable to equity holders of RMB 40,467,000 in 2024, compared to a loss of RMB 23,133,000 in 2023, indicating a worsening of approximately 75%[23] - Basic and diluted loss per share increased to RMB 20.94 in 2024 from RMB 16.41 in 2023, reflecting a rise of about 27%[23] Revenue Breakdown - Total revenue from customer contracts decreased to RMB 227,297,000 in 2024 from RMB 261,641,000 in 2023, representing a decline of approximately 13%[17] - Revenue from product sales was RMB 118,049,000 in 2024, down from RMB 131,510,000 in 2023, a decrease of about 10%[17] - Revenue from service provision fell to RMB 109,248,000 in 2024 from RMB 130,131,000 in 2023, a decline of approximately 16%[17] Expenses and Costs - Financing costs increased to RMB 6,233,000 in 2024 from RMB 4,716,000 in 2023, reflecting a rise of about 32%[18] - Research and development costs rose to RMB 11,380,000 in 2024 from RMB 10,818,000 in 2023, an increase of approximately 5%[19] - Selling and distribution expenses decreased by approximately RMB 2.4 million or about 18.8% to approximately RMB 10.4 million, mainly due to reduced marketing and promotional expenses[42] - Administrative expenses decreased by approximately RMB 0.3 million or about 0.9% to approximately RMB 32.0 million, remaining similar to the previous year[43] - The cost of sales decreased by approximately RMB 24.3 million or about 10.6% to approximately RMB 204.0 million, consistent with the revenue decline[39] Cash Flow and Assets - Net cash used in operating activities was RMB 34,723,000 for the six months ended June 30, 2024, compared to RMB 3,034,000 in the same period of 2023, indicating a significant increase in cash outflow[10] - The company recorded a net cash inflow from financing activities of RMB 12,883,000, down from RMB 41,006,000 in the previous year, representing a decrease of about 68.6%[10] - Current assets increased to RMB 488,434,000 from RMB 464,626,000, showing a growth of about 5.1%[7] - Non-current assets decreased to RMB 255,064,000 as of June 30, 2024, down from RMB 281,774,000 at the end of 2023, reflecting a decline of approximately 9.5%[7] - Cash and cash equivalents decreased to RMB 55,142,000 from RMB 76,196,000, a decline of approximately 27.6%[10] Liabilities and Equity - The company's total liabilities increased to RMB 499,184,000 from RMB 467,012,000, indicating a rise of about 6.9%[7] - The company's equity attributable to owners decreased to RMB 235,960,000 from RMB 266,833,000, a decline of approximately 11.5%[9] - The debt-to-equity ratio increased to 32.4% in 2024 from 31.2% in 2023[2] Investment and Fair Value - The company reported a fair value loss of approximately RMB 2.9 million on equity investments and a fair value loss of approximately RMB 14.9 million on investment properties during the period[3] - As of June 30, 2024, the total value of the group's investment properties is RMB 64,544,000, a decrease from RMB 77,575,000 as of December 31, 2023, reflecting a fair value loss of RMB 14,891,000 during the period[25] - The fair value of financial assets measured at fair value through other comprehensive income for Huaxun Ark Technology Co., Ltd. is RMB 12,566,000 as of June 30, 2024, down from RMB 12,939,000 as of December 31, 2023[30] Corporate Governance - The audit committee, composed of three independent non-executive directors, reviewed the interim consolidated financial statements for the six months ended June 30, 2024, ensuring compliance with applicable accounting standards[65] - The company has adopted the corporate governance code and has been compliant with its principles, with the exception of the separation of the roles of chairman and president[61] - The company plans to seek suitable candidates for the position of president to comply with the corporate governance code in the future[61] - The company confirmed that all directors complied with the standards of the securities trading code during the six months ended June 30, 2024[63] Future Outlook - The company plans to continue developing and optimizing its IT infrastructure solutions and smart office software solutions, integrating AI into its products to enhance innovation and productivity[4] - The company maintains a cautious optimism regarding business prospects and aims to actively explore new markets, particularly in the Asia-Pacific region[4]

Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 561,011,000, a slight increase from RMB 556,679,000 in 2022, representing a growth of approximately 0.6%[33]. - Gross profit decreased to RMB 69,698,000 in 2023 from RMB 85,371,000 in 2022, indicating a decline of about 18.4%[33]. - The loss before tax for 2023 was RMB 33,519,000, compared to a loss of RMB 28,809,000 in 2022, reflecting a worsening of approximately 16.5%[33]. - The loss attributable to the owners of the parent increased to RMB 41,229,000 in 2023 from RMB 35,882,000 in 2022, marking an increase of about 14.3%[33]. - The company reported a stable growth in sales from its smart office software solutions, benefiting from market changes in 2023[23]. - The company anticipates continued revenue from the smart library system project in Hong Kong, which is expected to provide a stable income source[19]. - The loss per share attributable to owners for 2023 was RMB 28.90 cents, compared to RMB 26.69 cents in 2022, indicating a decline in shareholder value[33]. - Revenue for 2023 was RMB 561,011,000, a slight increase from RMB 556,679,000 in 2022, representing a growth of 0.2%[49]. - Gross profit margin decreased to 12.4% in 2023 from 15.3% in 2022, indicating a decline in profitability[42]. - Net loss for the year from continuing operations was RMB 35,421,000, compared to RMB 33,019,000 in 2022, reflecting an increase in losses of approximately 7.3%[49]. - The Group's total revenue increased by approximately RMB4.3 million or approximately 0.8% to approximately RMB561.0 million for the year ended 31 December 2023[54]. - The Group's gross profit decreased by approximately RMB15.7 million or approximately 18.4% to approximately RMB69.7 million for the year[54]. - A net loss for the year was recorded at approximately RMB35.4 million, compared to a net loss of approximately RMB33.0 million in 2022[54]. Market Conditions - The Group's core traditional IT infrastructure system integration business in Mainland China faced a decline due to intense competition and geopolitical uncertainties, leading to reduced customer demand and sales orders[16]. - The global economic environment in 2023 was challenging, with inflation, rising interest rates, and geopolitical tensions affecting markets and supply chains[15]. - The Group's performance was impacted by the overall economic slowdown in China, which affected customer demand[16]. - The Group is well-positioned to capture market opportunities arising from changes in the economy and market needs[17]. - The Group's financial performance reflects the ongoing challenges in the global business environment, but it continues to adapt and seek growth opportunities[15]. Strategic Initiatives - The Group maintained strategic partnerships with various tech giants to acquire new customers through alliances[16]. - The integration of Internet of Things (IoT) solutions is becoming increasingly important for companies in China, enhancing efficiency and competitiveness[17]. - The Group is focused on leveraging its core competitiveness to provide advanced and customized IT infrastructure solutions across diverse segments[16]. - The Group aims to maintain stable development in IT infrastructure and smart office software solutions, leveraging its enhanced customer base[147]. - The Group will continue to develop one-stop smart-space solutions to facilitate enterprises' digital transformation[147]. - The Group actively participates in tenders to secure income streams from both private and public sector customers[147]. - The company plans to explore new markets vigorously, particularly in the Asia Pacific region, to tap into emerging business opportunities[24]. Financial Position and Liquidity - Current ratio decreased to 1.0 in 2023 from 1.3 in 2022, suggesting a decline in short-term liquidity[42]. - Cash and cash equivalents increased to RMB 76,196,000 in 2023 from RMB 59,436,000 in 2022, showing improved cash position[45]. - Total liabilities increased, with current liabilities rising to RMB 467,012,000 in 2023 from RMB 382,620,000 in 2022, indicating higher financial obligations[45]. - Gearing ratio increased significantly to 31.2% in 2023 from 12.7% in 2022, suggesting a higher level of debt relative to equity[42]. - Net cash used in operating activities was RMB (36,906,000) in 2023, slightly worse than RMB (35,242,000) in 2022[47]. - Finance costs rose to RMB 10,704,000 in 2023 from RMB 4,249,000 in 2022, indicating increased borrowing costs[49]. - Equity attributable to owners of the parent decreased to RMB 266,833,000 in 2023 from RMB 309,236,000 in 2022, reflecting a decline in shareholder equity[45]. - The average turnover days for trade and bills receivables increased to 202 days in 2023 from 173 days in 2022, attributed to longer collection periods for certain customers[95]. - The cash conversion cycle for the Group increased from 37 days in 2022 to 73 days in 2023, influenced by the rise in average turnover days for trade and bills receivables[96]. Leadership and Governance - The company has a strong leadership team with diverse backgrounds in finance, technology, and management, enhancing its strategic capabilities[170]. - The board includes experienced non-executive directors who contribute to corporate governance and strategic oversight[172][179]. - The leadership team's extensive experience in their respective fields positions the company well for future growth and innovation[170]. - Mr. Lu has over 20 years of experience in the communication industry, including roles in base station software development and management of TD-SCDMA/TD-LTE production lines[165][168]. - Ms. Chung has over 20 years of experience in banking, finance, and investment, with a focus on strategic planning and business development[173][176]. - Mr. Tsoi has over 30 years of experience in accounting, auditing, and financial management, currently serving as a director at Alliott, Tsoi CPA Limited[180][181]. - Mr. Hon has over 15 years of experience in listed companies and financial institutions, with extensive expertise in corporate finance, mergers and acquisitions, investment, and financial management[189]. Investment Activities - The Group held equity securities listed in Hong Kong worth approximately RMB6.8 million as financial assets for trading as of 31 December 2023, down from approximately RMB13.5 million in 2022[62]. - The Group recorded a net fair value loss on equity investments of approximately RMB3.0 million during the year, compared to a fair value gain of approximately RMB5.1 million in 2022[62]. - Net fair value losses on investment properties amounted to approximately RMB6.8 million for the year, compared to approximately RMB3.2 million in 2022[62]. - The company recorded fair value losses on equity investments of approximately RMB3.0 million for the year, compared to gains of RMB5.1 million in 2022, due to geopolitical tensions and economic volatility affecting the Hong Kong stock market[124][127]. - The company aims to strengthen its financial position and enhance liquidity through the placement and subscription, expanding its shareholder base[123][126].

Financial Performance - For the year ended December 31, 2023, the total revenue was approximately RMB 561.0 million, an increase of about RMB 4.3 million or approximately 0.8% compared to RMB 556.7 million for the year ended December 31, 2022[4]. - The net loss for the year ended December 31, 2023, was approximately RMB 35.4 million, compared to a net loss of approximately RMB 33.0 million for the year ended December 31, 2022[4]. - Basic and diluted loss per share for the year ended December 31, 2023, was approximately RMB 28.90, compared to RMB 26.69 for the year ended December 31, 2022[4]. - The gross profit for the year ended December 31, 2023, was RMB 69.7 million, down from RMB 85.4 million in the previous year[5]. - The company reported a pre-tax loss of RMB 41,229,000 in 2023, compared to a loss of RMB 35,882,000 in 2022, indicating a deterioration in financial performance[39]. - The group reported a loss of approximately RMB 35.4 million for the year, compared to a loss of RMB 33.0 million in 2022, primarily due to a decline in gross profit and increased financing costs[77]. Revenue Breakdown - Revenue from external customers in 2023 was RMB 561,011,000, a slight increase of 0.6% from RMB 556,679,000 in 2022[25]. - Revenue from the communication systems segment was RMB 561,011,000 in 2023, with product sales contributing RMB 318,590,000 and service provision contributing RMB 242,421,000[28]. - Revenue from the library project in Hong Kong contributed approximately RMB 105.7 million, an increase of about RMB 55.9 million or approximately 112.2% from RMB 49.8 million in 2022[65]. - Revenue from smart office software solutions increased by approximately RMB 0.4 million or about 0.7% to approximately RMB 56.3 million, compared to RMB 55.9 million in 2022[67]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the year were RMB 76.2 million, an increase from RMB 59.4 million at the beginning of the year[12]. - The company recorded a net cash outflow from operating activities of RMB 36.9 million for the year ended December 31, 2023[12]. - The group has implemented measures to enhance liquidity to meet financial obligations over the next twelve months[18]. - Cash used in operating activities was approximately RMB 36.9 million, while cash used in investing activities was approximately RMB 20.4 million, primarily for the acquisition of investment properties[82]. Assets and Liabilities - The total assets less current liabilities amounted to RMB 279.4 million as of December 31, 2023, compared to RMB 363.8 million in the previous year[10]. - The company’s total liabilities increased, with current liabilities totaling RMB 467.0 million as of December 31, 2023, compared to RMB 382.6 million in the previous year[10]. - The company’s non-current assets totaled RMB 281.8 million as of December 31, 2023, compared to RMB 250.8 million in the previous year[9]. - The group’s current liabilities totaled RMB 225,763,000 as of December 31, 2023, while cash and cash equivalents amounted to RMB 76,196,000[18]. Investment and Acquisitions - The total consideration for the acquisition of Huaying Trading included a cash outflow of approximately RMB 26.26 million after deducting deposits and cash acquired[61]. - The company completed the acquisition of Huaying Trading Co., Ltd. for HKD 87.9 million (approximately RMB 81.36 million) on June 8, 2023[58]. - The company acquired a 30% interest in a joint venture, Wafer iMusic Joint Venture, through a settlement agreement involving a payment of HKD 9 million[93]. Expenses and Cost Management - Financing costs increased significantly to RMB 10,704,000 in 2023 from RMB 4,249,000 in 2022, primarily due to higher interest expenses on bank and other borrowings[30]. - Sales and distribution expenses decreased by approximately RMB 1.3 million or 4.5% to about RMB 27.4 million, compared to RMB 28.7 million in 2022[72]. - Administrative expenses decreased by approximately RMB 6.2 million or 9.1% to about RMB 62.3 million, down from RMB 68.5 million in 2022, due to ongoing cost reduction efforts[73]. Shareholder Returns and Dividends - The company did not declare any dividends for the year ending December 31, 2023, consistent with the previous year[36]. - No final dividend is recommended for the year ending December 31, 2023, similar to the previous year[100]. Future Outlook - The company anticipates continued growth through expanding its customer base and exploring opportunities in other regions, despite facing challenges in the network system integration business[46]. - The group maintains a cautiously optimistic outlook for its business and operational prospects, supported by an expanding customer base and stable revenue sources[99]. - The integrated product matrix and strong R&D capabilities enhance the group's core competitiveness in smart office solutions[99]. - The group will continue to develop and optimize solutions to provide customers with one-stop smart space solutions, aiding in digital transformation[99].

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 261,641,000, representing an increase of 32.8% compared to RMB 197,059,000 in the same period of 2022[16]. - Gross profit for the same period was RMB 33,355,000, up from RMB 26,963,000, indicating a growth of 23.5%[16]. - Loss before tax increased to RMB 18,710,000 in 2023 from RMB 13,514,000 in 2022, reflecting a rise of 38.5%[16]. - The loss for the period attributable to owners of the parent was RMB 23,133,000, compared to RMB 15,230,000 in 2022, marking a 52.1% increase[16]. - Basic and diluted loss per share for the six months ended June 30, 2023, was (19.73) RMB cents, compared to (14.32) RMB cents in 2022[18]. - The Group recorded a net loss of approximately RMB 19.3 million for the Period, compared to a net loss of approximately RMB 14.1 million for the same period in 2022[33]. - Loss for the period was RMB 19,327,000, compared to a loss of RMB 14,096,000 in the prior year, reflecting a 37.5% increase in losses[188]. - Loss attributable to owners of the parent was RMB 23,133,000, compared to RMB 15,230,000 in the previous year, marking a significant increase in losses[188]. - Total comprehensive loss for the period was RMB (17,963,000), down from RMB (27,674,000) in the previous year, reflecting a reduction of 34.9%[192]. Operational Insights - The company is engaged in network system integration, providing network infrastructure solutions and smart office software solutions[3]. - The interim report indicates ongoing challenges with increasing losses, necessitating strategic adjustments moving forward[15]. - The company continues to explore market expansion opportunities and new technology developments to enhance its service offerings[15]. - Future outlook includes a focus on improving operational efficiency and potentially diversifying revenue streams through new product offerings[15]. - The Group's smart office software solutions and PropTech solutions recorded stable growth, driven by increased demand for smart office devices[32]. - The Group aims to maintain stable development in its IT infrastructure system integration and smart office software solution businesses, focusing on digital transformation and customer needs[90]. - The Group aims to continue developing integrated smart office solutions to meet corporate needs in areas such as operational efficiency and carbon reduction[93]. - The Group plans to expand its R&D team and enhance the construction of its R&D center in Xi'an to provide more diversified products and services[93]. - The Group is establishing strategic partnerships with cloud services and technology giants to enhance its market position[94]. Financial Position - Current ratio decreased to 1.1 times as of 30 June 2023, down from 1.3 times as of 31 December 2022[26]. - Gearing ratio increased to 19.6% as of 30 June 2023, compared to 12.7% as of 31 December 2022[26]. - Total assets increased to approximately RMB 792.2 million as of 30 June 2023, up from approximately RMB 746.4 million as of 31 December 2022[26]. - Cash and cash equivalents (excluding pledged deposits) rose to approximately RMB 78.2 million as of 30 June 2023, compared to approximately RMB 59.4 million as of 31 December 2022[26]. - Total equity decreased to RMB 302,130,000 from RMB 320,093,000 at the end of 2022, a reduction of 5.6%[197]. - Interest-bearing bank and other borrowings rose to RMB 101,022,000 from RMB 59,574,000 at the end of 2022, an increase of 69.6%[194]. - As of June 30, 2023, total non-current assets increased to RMB 311,730,000 from RMB 250,761,000 at the end of 2022, marking a growth of 24.3%[194]. - Current assets decreased to RMB 480,498,000 from RMB 495,651,000 at the end of 2022, a decline of 3.1%[194]. - Net current assets were RMB 58,499,000, down from RMB 113,031,000 at the end of 2022, indicating a decrease of 48.2%[197]. Governance and Management - The roles of chairman and CEO are held by the same individual, which deviates from the Corporate Governance Code, but the Board believes this facilitates business strategy execution[153]. - The Audit Committee consists of three independent non-executive Directors and convened one meeting during the review period[159]. - The Company has complied with the principles and applicable code provisions of the Corporate Governance Code throughout the six months ended June 30, 2023, with noted deviations[153]. - The company appointed Ms. Chung, Elizabeth Ching Yee as a non-executive Director effective January 3, 2023[145]. - Mr. Lu, Brian Yong Chen resigned as independent non-executive Director effective January 31, 2023[145]. - Ms. Tin Yat Yu Carol was appointed as vice-chairman of the company effective June 15, 2023[146]. - The company appointed Mr. Hon Ming Sang as independent non-executive Director and chairman of the Compensation and Benefits Committee effective January 31, 2023[171]. Shareholder Information - As of June 30, 2023, Mr. Chan Sek Keung, Ringo held a 14.51% interest in the Company, while Ms. Tin Yat Yu, Carol held a 15.50% interest[105]. - As of June 30, 2023, the total number of issued shares of the Company was 117,240,000 shares[110]. - The company did not declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[147]. - The total number of shares available for issue under both the Old and New Share Option Schemes is 6,924,600, representing approximately 5.91% of the total issued shares as of June 30, 2023[122]. - The New Share Option Scheme was approved by shareholders on June 23, 2021[118]. Acquisitions and Investments - The acquisition of Sino Profit Trading Limited was completed on June 8, 2023, making it an indirect wholly-owned subsidiary of the Company, with a total consideration of HK$87,900,000[89]. - The acquisition of all shares of Huaying Trading Co., Ltd. was completed on June 8, 2023, for a total consideration of HKD 87,900,000[91][92]. - As of June 30, 2023, the Group had outstanding capital commitments of approximately RMB 7.4 million related to the acquisition of a 30% interest in an unincorporated joint venture[69][76].

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 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 InvesTech Holdings Limited 威 訊 控 股 有 限 公 司 （於開曼群島註冊成立並於百慕達存續的有限公司） （股份代號：1087） 截至二零二三年六月三十日止六個月 中期業績公告 摘要 截至六月三十日止六個月 二零二三年 二零二二年 人民幣千元 人民幣千元 （未經審核）（未經審核） 收入 261,641 197,059 毛利 33,355 26,963 除稅前虧損 (18,710) (13,514) 期內虧損 (19,327) (14,096) ...

Market Growth and Opportunities - In 2022, the Group experienced a substantial increase in the adoption of smart office devices and solutions, driven by the ongoing penetration of the collaborative office concept[17]. - The smart mobile office market in China maintained rapid growth during the Year, indicating strong market demand for IT solutions[17]. - The national 14th Five-Year Plan (2021-2025) and the Digital China strategy provided fertile opportunities for the IT industry, contributing to market growth[16]. - The Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035) issued by the State Council encourages the development of innovative infrastructure, benefiting the IT sector[16]. - The ongoing evolution of the smart office industry presents practically limitless opportunities for growth and expansion[17]. - The smart office market is experiencing rapid growth, with significant adoption of smart office equipment and solutions globally, particularly in China[19]. - The smart office solutions are expected to become an embedded trend, offering virtually limitless opportunities for rapid growth in the market[22]. Financial Performance - Revenue for the year ended December 31, 2022, was RMB 556,679,000, representing a 14.9% increase from RMB 484,598,000 in 2021[35]. - Gross profit for 2022 was RMB 85,371,000, up from RMB 57,108,000 in 2021, resulting in a gross profit margin of 15.3% compared to 11.8% in the previous year[40]. - Loss before tax increased to RMB 28,809,000 in 2022 from RMB 22,048,000 in 2021, indicating a growing financial challenge[35]. - The loss attributable to owners of the parent for continuing operations was RMB 35,882,000 in 2022, compared to RMB 18,176,000 in 2021[35]. - The Group's total comprehensive loss for the year was approximately RMB 50.4 million, compared to a loss of approximately RMB 93.7 million in 2021[52]. - The net loss for the year was approximately RMB 33.0 million, compared to a net loss of approximately RMB 21.0 million in 2021, primarily due to a fair value loss of approximately RMB 10.9 million from a debt investment[55]. Operational Challenges - Despite the resurgence of COVID-19 and its impact on economic recovery, the Group successfully navigated the complex external environment[15]. - The gearing ratio increased to 12.7% in 2022 from 10.8% in 2021, reflecting a higher level of debt relative to total assets[40]. - The return on total assets was (4.7%) in 2022, worsening from (3.1%) in 2021, highlighting declining efficiency in asset utilization[40]. - The average turnover days for trade and bills receivables increased to 173 days as of December 31, 2022, from 154 days in 2021, attributed to longer collection periods for certain customers[98]. Strategic Initiatives - The Group managed to enhance sales during the Year by capturing market opportunities presented by favorable national policies and addressing government needs[16]. - The Group's focus on network system integration and smart office software solutions aligns with the growing demand in the digital economy[3]. - The Group aims to enhance its research and development capabilities by allocating more resources to provide diverse products and services[27]. - The Group's strategy includes securing more orders from both private and public sector customers, with a focus on collaborations with technology giants and participation in tenders[28]. - The Group formed a strong alliance with Microsoft, launching two enterprise digital transformation solutions: "AIoT-based Smart Building Digital-twin Solution" and "Teams-based Digital Administrative Office Solution" in 2022[21]. Human Resources and Governance - The total number of employees increased to 306 as of December 31, 2022, from 285 in the previous year, with notable growth in manufacturing and technical engineering roles[137]. - The company aims to leverage the extensive experience of its directors to improve investment strategies and market expansion efforts[169][174]. - The Board of Directors consists of four executive Directors, two non-executive Directors, and three independent non-executive Directors as of December 31, 2022[197]. - The company is committed to enhancing overall performance through good corporate governance practices[194]. - The appointment of experienced directors reflects the company's commitment to robust corporate governance and strategic oversight[172][174].