Group 1 - The company, 雅视光学 (01120.HK), announced that its board meeting will be held on August 28, 2025, to approve the publication of the interim results for the six months ending June 30, 2025 [1] - The board will also consider the distribution of an interim dividend during this meeting [1]

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，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ARTS OPTICAL INTERNATIONAL HOLDINGS LIMITED 雅 視 光 學 集 團 有 限 公 司 * （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：1120） 香港，2025年8月14日 董事會會議召開日期 根據香港聯合交易所有限公司證券上市規則第13.43條之規定，茲宣布雅視光學 集團有限公司（「本公司」）之董事會（「董事會」）會議將於2025年8月28日（星期四） 舉行，藉以（其中包括）批准刊發本公司及其附屬公司截至2025年6月30日止六個 月之中期業績公告及考慮派發中期股息。 * 僅供識別 承董事會命 雅視光學集團有限公司 主席 吳海英 於本公告日期，董事會由八名董事組成，其中四名為執行董事，分別為吳海英先生、 吳逸珊女士、吳劍英先生及吳志紅女士；以及四名獨立非執行董事，分別為黃㭝維 先生、鍾曉藍先生、林羽龍先生及方健僑博士。 ...

Core Viewpoint - The company, 雅视光学, anticipates a significant loss for the six months ending June 30, 2025, with expected losses ranging from HKD 12 million to HKD 20 million, contrasting with a profit of approximately HKD 2.5 million in the same period of 2024 [1] Group 1: Financial Performance - The expected loss for the upcoming reporting period is projected to be between HKD 12 million and HKD 20 million [1] - In the same period of 2024, the company reported a profit attributable to owners of approximately HKD 2.5 million [1] Group 2: Reasons for Loss - The anticipated loss is primarily attributed to the impact of U.S. tariff policies, which have disrupted trade between the U.S. and China and affected global supply chains, leading to increased operational costs for production facilities in Vietnam and Malaysia [1] - The development of the eyewear frame distribution and lens business in China and Southeast Asia has resulted in significant increases in employee costs, promotional expenses, and exhibition costs [1] - The company has incurred higher financing costs due to bank borrowings used to fund the establishment of production bases outside of China [1]

Core Viewpoint - The company, 雅视光学, anticipates a significant net loss for the six months ending June 30, 2025, ranging from HKD 12 million to HKD 20 million, contrasting with a net profit of approximately HKD 2.5 million in the same period of 2024 [1] Financial Performance - The expected net loss for the upcoming reporting period is attributed to several factors, including increased operational costs due to U.S. tariff policies affecting trade between the U.S. and China, as well as global supply chain disruptions [1] - The company reported a net profit of approximately HKD 2.5 million in the same period of the previous year [1] Operational Challenges - The establishment of production facilities in Vietnam and Malaysia has led to increased operational costs [1] - Rising employee costs, promotional expenses, and exhibition costs in the Chinese and Southeast Asian markets have significantly impacted the company's financials [1] - The company has incurred higher financing costs due to bank loans taken to fund the establishment of production bases outside of China [1]

Core Viewpoint - The company, 雅视光学 (01120.HK), anticipates a net loss attributable to shareholders ranging from HKD 12 million to HKD 20 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 2.5 million for the same period in 2024 [1] Group 1: Financial Performance - The expected loss for the reporting period is primarily attributed to the impact of U.S. tariff policies, which have disrupted trade between the U.S. and China and affected global supply chains [1] - The operational costs have increased due to the establishment of production facilities in Vietnam and Malaysia [1] - The company has incurred significant increases in employee costs, promotional expenses, and exhibition costs due to the development of its eyewear frame distribution and lens business in China and Southeast Asia [1] Group 2: Financing and Investment - The group has increased its financing costs significantly due to bank borrowings used to fund the establishment of production bases outside of China [1] - The company plans to acquire a property in Malaysia for HKD 23.828 million [1]

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，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ARTS OPTICAL INTERNATIONAL HOLDINGS LIMITED 董事會認為，本公司擁有人應佔預計虧損淨額的原因乃主要由於以下事項： 本公告所載之資料僅基於董事會參考本公司於報告期間之未經審核綜合管理賬目 及董事會目前可得之其他資料的初步評估而得出，有關資料未經本公司核數師審 閱。此外，本公告所載之資料並非基於經董事會審核委員會審閱或批准之任何數 據或資料而得出。本公司仍在落實其於報告期間之未經審核綜合中期業績，有關 資料待進一步審閱後可能作出調整。本公司報告期間之中期業績公告將根據上市 規則預計於2025年8月底刊發。 雅 視 光 學 集 團 有 限 公 司 * （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：1120） 盈利警告 本公告乃由本公司根據上市規則第13.09條及證券及期貨條例第XIVA部項下的 內幕消息條文之規定而發表。董事會謹此通知本公司股 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 雅視光學集團有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01120 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,00 ...

Group 1 - The company, Arts Optic Property (M) Sdn. Bhd., plans to acquire a property from WWRC Malaysia Sdn. Bhd. for 12.88 million MYR (approximately 23.83 million HKD) [1] - The property to be acquired is a semi-detached factory unit with two floors, located in Selangor, Malaysia, covering an area of approximately 3,740 square meters [1] - The acquisition is part of the company's long-term business strategy to expand its optical lens business in Malaysia, providing space for future growth [2] Group 2 - The new property is adjacent to another property currently leased by Arts Optic Lab (M) Sdn. Bhd., which is expected to enhance operational efficiency and control transportation costs [2] - The acquisition will expand the company's fixed asset base and provide opportunities for capital appreciation from the property [2]

Financial Performance - The group recorded a consolidated revenue increase of 7% to HKD 1,282,300,000 for the fiscal year ending December 31, 2024, compared to HKD 1,196,300,000 in 2023[6] - The net profit attributable to the company's owners decreased significantly to HKD 11,400,000, with earnings per share at HKD 0.0296, down from HKD 51,300,000 and HKD 0.1329 in 2023[6] - The gross profit margin declined from 31.0% in 2023 to 29.4% in the reporting period due to significant price pressure from original design manufacturing customers[7] - Revenue from the original design manufacturing segment accounted for 68% of total revenue, with sales increasing by 3% to HKD 875,400,000[8] - The distribution segment's revenue rose by 13% to HKD 294,800,000, representing 23% of total revenue[10] - The eyewear lens segment saw a substantial revenue increase of 38% to HKD 112,100,000, accounting for 9% of total revenue[12] - Operating profit decreased significantly to HKD 21,744 thousand in 2024, down 48.7% from HKD 42,070 thousand in 2023[151] - Net profit for the year was HKD 15,808 thousand, a decline of 72.1% compared to HKD 56,696 thousand in 2023[152] - The company reported a loss of HKD 2,012 thousand in total comprehensive income attributable to owners in 2024, compared to a gain of HKD 61,834 thousand in 2023[152] - The total comprehensive income for the year was HKD 1,327,000, a decrease from HKD 67,596,000 in 2023, indicating a substantial drop in overall profitability[158] Cash Flow and Financial Position - Operating cash inflow was HKD 54,700,000, down from HKD 68,100,000 in 2023, while capital expenditures increased significantly to HKD 174,100,000[13] - The company's cash net position decreased from a surplus of HKD 136,100,000 to a deficit of HKD 13,800,000[13] - The debt-to-equity ratio increased from 6% to 27% due to higher bank borrowings, which amounted to HKD 96,400,000[15] - The net asset value per share decreased to HKD 1.35 from HKD 1.40 in the previous year[16] - Total assets increased to HKD 773,149 thousand in 2024, up from HKD 747,382 thousand in 2023[154] - Current liabilities increased to HKD 649,102 thousand in 2024, up from HKD 613,953 thousand in 2023[154] - The company's total equity decreased to HKD 604,995 thousand in 2024 from HKD 631,808 thousand in 2023[155] - The company incurred a net cash outflow from investing activities of HKD 183,258,000 in 2024, compared to HKD 74,014,000 in 2023, indicating a significant increase in investment expenditures[161] Dividends and Shareholder Returns - The board of directors does not recommend a final dividend for the year ending December 31, 2024, compared to a dividend of HKD 0.05 per share in 2023[24] - The company paid dividends of HKD 19,313,000 to shareholders in 2024, reduced from HKD 38,626,000 in 2023, reflecting a 50% decrease in dividend payouts[161] Operational Developments - The company anticipates significant pricing pressure from U.S. customers due to additional tariffs imposed by the Trump administration starting in early 2025[21] - The company has established manufacturing facilities for optical frames and lenses in Southeast Asia, which began operations in Q4 2024, to meet the growing demand for production bases outside of China[21] - The distribution and lens segments have shown profit margin growth, indicating their increasing importance to the company's future development[23] - The company plans to increase resources in the Asian region to establish a self-owned network or form joint ventures with strategic distribution partners[23] Governance and Compliance - The board consists of eight directors, with four executive directors and four independent non-executive directors, all of whom attended 100% of board meetings[83] - The company has adhered to all applicable code provisions of the Corporate Governance Code for the year ending December 31, 2024[81] - The company has established an audit committee, a remuneration committee, and a nomination committee to oversee various aspects of its affairs[93] - The independent auditor's report confirms that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2024[129] - The company has adopted a shareholder communication policy since 2012 to ensure shareholders receive comprehensive and timely information[126] Employee and Diversity Initiatives - Approximately 3,600 full-time employees were employed as of December 31, 2024, a slight decrease from 3,700 employees as of December 31, 2023[97] - The company aims to maintain gender diversity among employees, with a male-to-female ratio of approximately 0.85 as of December 31, 2024[99] Accounting and Financial Reporting - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, including HKAS 1 (revised) on classification of liabilities as current or non-current[165] - The financial statements are prepared in Hong Kong dollars, differing from the company's functional currency, which is US dollars[163] - The financial statements comply with applicable disclosure requirements under the Listing Rules of the Stock Exchange and the Companies Ordinance[164] - The company applies the acquisition method for accounting business combinations, measuring identifiable assets and liabilities at fair value on the acquisition date[176] Risk Management and Internal Controls - The audit committee reviewed the effectiveness and adequacy of the group's risk management and internal control systems for the year ending December 31, 2024, with no significant issues found but noted areas for improvement[116] - The company has established an insider information disclosure policy to ensure timely handling and release of insider information, preventing any individual from having an advantage in trading the company's securities[117]

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 1,282,272,000, representing an increase of 7.2% from HKD 1,196,309,000 in 2023[4] - Profit attributable to owners of the company decreased to HKD 11,419,000, down 77.8% from HKD 51,321,000 in the previous year[4] - Earnings per share for 2024 was HKD 0.0296, a decline from HKD 0.1329 in 2023[7] - The company did not declare a final dividend for the year, compared to a final dividend of HKD 0.050 per share in 2023[4] - Total comprehensive income for the year was HKD 1,327,000, a significant drop from HKD 67,596,000 in 2023[6] Revenue Breakdown - The original design manufacturing segment generated revenue of HKD 875,424,000, up from HKD 853,987,000, reflecting a growth of 2.9%[15] - The distribution segment reported revenue of HKD 294,790,000, a 13% increase from HKD 260,775,000 in the previous year[15] - The eyewear lens segment saw significant growth, with revenue rising to HKD 112,058,000 from HKD 81,547,000, marking a 37.5% increase[15] - Revenue from the original design manufacturing segment accounted for 68% of total revenue in 2024, down from 71% in 2023, with sales increasing by 3% to HKD 875,400,000[36] - Revenue from the distribution segment increased by 13% from HKD 260,800,000 in 2023 to HKD 294,800,000 in 2024, accounting for 23% of the group's total revenue in 2024[38] - The revenue from the lens segment surged by 38% from HKD 81,500,000 in 2023 to HKD 112,100,000 in 2024, representing 9% of the group's total revenue in 2024[39] Costs and Expenses - Gross profit for the year was HKD 376,482,000, slightly up from HKD 370,989,000 in 2023, indicating a gross margin improvement[6] - Operating profit decreased significantly to HKD 21,744,000 from HKD 42,070,000 in the previous year, reflecting operational challenges[6] - The cost of goods sold for the year 2024 was HKD 908,308,000, compared to HKD 823,084,000 in 2023, reflecting an increase of 10.4%[25] - The total employee costs for the year 2024 amounted to HKD 454,066,000, an increase of 3.3% from HKD 437,341,000 in 2023[25] - The company incurred a total financing cost of (5,066) thousand HKD in 2024, compared to (685) thousand HKD in 2023, indicating a significant increase in financing expenses[21] Assets and Liabilities - Non-current assets increased from HKD 529,162,000 in 2023 to HKD 622,664,000 in 2024, representing a growth of 17.6%[8] - Total liabilities rose from HKD 613,953,000 in 2023 to HKD 649,102,000 in 2024, an increase of 5.7%[9] - The company’s net asset value decreased from HKD 631,808,000 in 2023 to HKD 604,995,000 in 2024, a decline of 4.2%[9] - The company reported a significant increase in bank borrowings, rising from HKD 16,545,000 in 2023 to HKD 69,714,000 in 2024[9] - Trade payables increased to HKD 173,490,000 in 2024 from HKD 155,388,000 in 2023[29] Foreign Exchange and Impairment - The company experienced a foreign exchange loss of HKD 10,782,000 related to overseas operations, contrasting with a gain of HKD 10,762,000 in the previous year[6] - The net foreign exchange loss for 2024 was (15,010) thousand HKD, compared to (13,521) thousand HKD in 2023, indicating a deterioration of 11%[17] - The company reported a total impairment loss of 1,514 thousand HKD for 2024, compared to a reversal of (81) thousand HKD in 2023[21] - The impairment loss on accounts receivable for 2024 was HKD 1,514,000, compared to a reversal of HKD 81,000 in 2023[25] Market and Operational Outlook - The group faces significant operational challenges in the coming years but maintains a cautiously optimistic outlook, focusing on prudent decision-making and strategic resource optimization[48] - The market outlook indicates potential growth in smart glasses driven by consumer demand and technological integration, despite geopolitical and economic uncertainties[47] - The company anticipates significant pricing pressure from U.S. customers due to tariffs imposed by the Trump administration starting in early 2025[49] - The company recognizes unlimited business opportunities in the Asian region and plans to enhance resources to establish a self-sufficient network or joint ventures with strategic distribution partners[49] Corporate Governance and Compliance - The company has adhered to all applicable corporate governance codes as outlined in the Hong Kong Stock Exchange's listing rules for the fiscal year ending December 31, 2024[52] - The consolidated financial statements for the year ending December 31, 2024, have been reviewed by the audit committee and audited by the company's auditor[54]