FF301 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8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: 中港照相器材集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年9月2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) | 01123 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD ...

附註： 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份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 2025 年 8 月 8 日（星期五）舉行之 股東週年大會的投票表決結果 中港照相器材集團有限公司(「本公司」)於 2025 年 8 月 8 日（星期五）舉行之股東週年大 會(「股東週年大會」)上，所有列載於 2025 年 7 月 10 日的股東週年大會通告內的決議案 均以一股一票方式進行投票表決。投票表決結果如下﹕ | | 普通決議案 | 票數 | (%) | | --- | --- | --- | --- | | | | 贊成 | 反對 | | 1. | 省覽本公司截至2025年3月31日止年度之經審 | 712,276,245 | 0 | | | 核綜合財務報表及董事會和核數師報告。 | (100.00%) | (0.00%) | | 2. | (a) 重選孫道弘先生為執行董事。 | 712,276,245 | 0 | | | | (100.00%) | (0.00%) | | | (b) ...

FF301 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: 中港照相器材集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01123 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD ...

股份代號 年度業績報告 Annual Report 2024/25 2024 25 Annual Report 年報 (Stock Code 股份代號 : 1123) The Group has established over half a century, and has been confronted with the rapid development of technology, the fierce market competition and the uncertainty of the business environment. We are aware of the importance of corporate culture in the sustainable development and management of the Group as well as its indispensable guiding role. The management hopes to reshape the spirit of the entire corporate culture by esta ...

Financial Performance - Revenue decreased by 9.2% to HKD 1,000.75 million (FY2023/24: HKD 1,102.41 million) [5] - The net loss attributable to shareholders was HKD 2.3 million (FY2023/24: net profit of HKD 29.8 million) [5] - Adjusted net profit attributable to shareholders was HKD 16.4 million (FY2023/24: HKD 32.8 million) [5] - Basic and diluted loss per share was HKD 0.20 (FY2023/24: earnings of HKD 2.51) [5] - The company experienced a net loss of HKD 2,058,000 for the year, compared to a profit of HKD 30,915,000 in the previous year [36] - The company's consolidated revenue decreased by 9.2% year-on-year to HKD 1 billion, marking the first annual decline since FY2019/20 [39] - The adjusted net profit attributable to shareholders, excluding one-time non-cash items, was HKD 16.4 million, down from HKD 32.8 million in the previous year [41] Assets and Liabilities - Total assets decreased to HKD 892.33 million (2024: HKD 941.61 million) [8] - Total liabilities decreased to HKD 217.62 million (2024: HKD 252.79 million) [9] - Non-current assets decreased to HKD 389.60 million (2024: HKD 403.96 million) [8] - Current assets decreased to HKD 502.73 million (2024: HKD 537.65 million) [8] - The total equity attributable to shareholders decreased to HKD 674.89 million (2024: HKD 688.95 million) [8] - The total assets decreased to HKD 892,331,000 from HKD 941,609,000, a reduction of 5.2% [36] - The total liabilities also decreased to HKD 217,615,000 from HKD 252,793,000, a decline of 13.9% [36] Dividends - The board did not recommend a final dividend (FY2023/24: final dividend of HKD 0.01 per share) [5] - The company did not recommend a final dividend for the current year [23] - The company did not recommend a final dividend for the year due to the reported loss, compared to a previous dividend of HKD 0.01 per share [41] - The board does not recommend a final dividend for the fiscal year ending March 31, 2025, compared to a final dividend of HKD 0.01 per share for FY2023/24 [59] Revenue Breakdown - Total revenue for 2025 was HKD 1,000,748, a decrease of 9.3% from HKD 1,102,410 in 2024 [16] - Product sales decreased to HKD 825,817 in 2025 from HKD 893,037 in 2024, representing a decline of 7.5% [16] - Service income fell to HKD 174,931 in 2025 from HKD 209,373 in 2024, a decrease of 16.4% [16] - The product sales segment generated revenue of HKD 890,232,000, down from HKD 953,899,000, reflecting a decline of 6.7% [35] - The service segment's revenue decreased to HKD 179,024,000 from HKD 213,301,000, a drop of 16.0% [35] Cost and Expenses - The cost of sales for 2025 was HKD 645,228, down from HKD 719,632 in 2024, reflecting a reduction of 10.3% [17] - Advertising and marketing expenses increased by 26.1% to HKD 15.5 million, with a sales-to-expense ratio rising from 1.1% to 1.6% [40] Customer and Market Insights - Revenue from a major customer in the product sales category was approximately HKD 44,109,000, down from HKD 46,225,000 in the previous fiscal year [37] - Sales of digital cameras and lenses decreased by 3.5%, while instant camera and printer sales increased by 11.7% [42] - The consumer electronics and home appliances segment saw a significant revenue decline of 14.7%, with a 21.1% drop in the second half of the year [46] - Television sales fell by 17.7% due to intense competition from Chinese brands, while audio products only saw a slight decline of 5.7% [47] Strategic Initiatives - The company launched several new products, including the instax WIDE 400TM and instax mini 99TM, contributing significantly to business growth [44] - The company plans to open the FUJIFILM House of Photography in Tsuen Wan in Q2 FY2025/26, aiming to create an immersive experience for photography enthusiasts [55] - The company will focus on high-end, high-margin audio products to counter competition from mainland brands, enhancing partnerships with major suppliers and optimizing pricing strategies [55] - The company launched several new products in July 2024, including Advanced Lotion and Advanced Cream, to strengthen its product lineup [50] - The company implemented targeted marketing strategies, including seasonal promotions and collaborations with KOLs, to enhance customer engagement and loyalty [53] - The company continues to invest in customer engagement programs, such as the AV Life membership discount plan, to drive online sales despite the closure of two stores [48] - The company will open a new flagship AV Life store in Times Square, Hong Kong, covering 2,000 square feet, enhancing brand visibility and customer experience [56] Governance and Compliance - The audit committee has reviewed the financial statements for the year ending March 31, 2025, confirming compliance with applicable accounting standards [61] - The company has adhered to the corporate governance code throughout the fiscal year ending March 31, 2025 [64] - The annual general meeting is scheduled for August 8, 2025, with a suspension of share transfer registration from August 5 to August 8, 2025 [66] - The board consists of a mix of executive and independent non-executive directors, ensuring diverse governance [67]

Financial Performance - The Company reported a consolidated revenue decline of 7.5%, from HK$579 million in the Previous Period to HK$536 million[10]. - Gross profit margin decreased from 26.4% to 25.6%, primarily due to a reduced sales proportion of higher-margin products and services[10]. - Net profit attributable to Shareholders was HK$7.1 million, reflecting a significant decline of 75.2% compared to the Previous Period[10]. - Basic earnings per share decreased from HK2.43 cents to HK0.60 cent for the Period[13]. - Profit for the period was HK$7,064,000, a decrease of 76.1% from HK$29,572,000 in the previous year[83]. - Total comprehensive income for the period was HK$8,348,000, down from HK$26,619,000, indicating a decrease of 68.7%[90]. - Profit before income tax for the period was HK$10,653,000, down from HK$27,903,000 in 2023, indicating a decrease of about 61.8%[165]. - Profit attributable to owners of the Company for the six months ended September 30, 2024, was HK$7,135,000, a decrease of 75.2% compared to HK$28,746,000 for the same period in 2023[178]. Sales Performance - Sales of digital cameras and lenses declined by 12.2% compared to the Previous Period, attributed to limited production capacity[15]. - Sales of instant cameras, printers, and films surged by 26.7% compared to the Previous Period, driven by increased inbound tourism and social gatherings[15]. - Consumer Electronic Products and Household Appliances segment sales declined by 8.8%, following a 19.9% drop in the Previous Year[15]. - The sales composition remained stable, with AV products accounting for 89.2% of total sales, while home appliances and accessories contributed 5.9% and 4.9% respectively[21]. - The consumer electronics and home appliances segment saw a decline in sales by 8.8% compared to the previous year, following a 19.9% drop in the prior period[19]. - The B-to-B commercial and professional AV products segment experienced a 3.7% increase in sales, driven by a remarkable 126.3% rise in interactive digital board sales[22]. - Skincare products sales declined by 8.0% year-over-year, with online sales particularly affected, dropping by 18.7% due to increased competition from parallel imports[24]. - The photofinishing and imaging services segment saw a decline of 22.5% in sales, primarily due to a 31.0% decrease in ID photo sales[27]. Product Development and Marketing - New product launches included X-T50, GFX100S II, and instax mini 99, reflecting the Company's commitment to innovation[15]. - The Company organized several marketing events to enhance brand exposure, including exhibitions and promotional activities[15]. - New product launches in July 2024 included Advanced Lotion and Advanced Cream, enhancing the product line amidst market challenges[26]. - The company plans to launch new products, including Advanced Lotion and Advanced Cream, in July 2024, enhancing its product lineup[28]. Operational Adjustments - The Company does not recommend the payment of any interim dividend for the Period due to prevailing economic uncertainties[13]. - Strategic measures included closing underperforming Fotomax shops and opening new FOTOMETA shops to attract younger consumers[27]. - The company closed two underperforming stores and opened two new FOTOMETA stores targeting younger consumers, maintaining a total of 54 stores[30]. Financial Position - As of September 30, 2024, the company had cash and bank balances of HK$274 million and was debt-free, indicating strong financial resources[38]. - The company invested HK$12 million in capital expenditures during the period, financed from internal resources[41]. - Total assets as of September 30, 2024, were HK$936,056,000, a slight decrease from HK$941,609,000 as of March 31, 2024[94]. - Current assets totaled HK$533,404,000, down from HK$537,645,000, reflecting a decrease of 0.4%[94]. - Cash and bank balances increased to HK$248,478,000 from HK$219,349,000, showing a growth of 13.3%[94]. - Trade receivables decreased to HK$53,347,000 from HK$71,305,000, a decline of 25.2%[94]. - Non-current liabilities totaled HK$68,744,000, slightly down from HK$69,975,000, a decrease of 1.8%[98]. - Total liabilities were HK$251,045,000, compared to HK$252,793,000, indicating a decrease of 0.7%[98]. - Equity attributable to owners of the Company was HK$685,011,000, down from HK$688,816,000, a decline of 0.4%[94]. Employee and Governance - The total number of employees decreased from 625 to 583, highlighting ongoing adjustments in human resources[42]. - The company emphasizes investment in employee training and development to enhance skills and product knowledge[44]. - Competitive compensation packages are provided to employees, including base salary, allowances, insurance, and discretionary bonuses[44]. - The company has complied with the corporate governance code throughout the reporting period[68]. - No incidents of non-compliance with written guidelines by employees were noted during the period[68]. Shareholder Information - As of September 30, 2024, Dr. Sun Tai Lun Dennis holds a total of 712,496,214 shares, representing 60.11% of the company's issued share capital[49]. - Mr. Sun Tao Hung Stanley holds 711,276,214 shares, accounting for 60.01% of the company's issued share capital[49]. - Mr. Fung Yue Chun Stephen holds 70,000,000 shares, which is 5.90% of the company's issued share capital[49]. - The Company has not entered into any arrangements enabling Directors or their associates to acquire benefits through share acquisition[55]. - As of September 30, 2024, no other interests or short positions were recorded for Directors beyond those disclosed[54].

Financial Performance - Revenue decreased by 7.5% to HKD 535.53 million compared to HKD 579.10 million in the same period last year[3] - Net profit attributable to shareholders was HKD 7.10 million, down from HKD 28.70 million in the same period last year[3] - Basic earnings per share decreased to 0.60 HK cents from 2.43 HK cents in the same period last year[4] - Total comprehensive income for the period was HKD 8.35 million, down from HKD 26.62 million in the same period last year[10] - Operating profit decreased to HKD 11.71 million from HKD 29.00 million in the same period last year[4] - The group's adjusted profit before tax for the six months ended September 30, 2024, was a loss of HKD 3,589,000, compared to a profit of HKD 1,669,000 in 2023[30] - The group reported a net income of HKD 7,064,000 for the six months ended September 30, 2024, down from HKD 29,572,000 in 2023, a decline of 76.1%[28] - Basic earnings per share for the six months ended September 30, 2024, was HKD 0.006, down from HKD 0.024 in the previous year[37] - The company reported a net loss provision for trade receivables of HKD 1,710,000, compared to HKD 205,000 at the end of the previous period[43] - The income tax expense for the current period totaled HKD 3,589,000, compared to a tax credit of HKD 1,669,000 in the same period last year[32] Revenue and Sales Performance - The group's total revenue for the six months ended September 30, 2024, was HKD 537,521,000, a decrease of 7.7% compared to HKD 582,142,000 for the same period in 2023[28] - The sales from external customers in the product sales segment were HKD 442,650,000 for 2024, down from HKD 463,118,000 in 2023, representing a decline of 5.5%[28] - The service segment reported sales of HKD 10,683,000 in 2024, compared to HKD 13,550,000 in 2023, indicating a decrease of 21.2%[28] - Sales of digital cameras and lenses decreased by 12.2% year-on-year, attributed to limited production capacity despite strong consumer loyalty to FUJIFILM products[57] - Sales of instant cameras, photo printers, and film increased significantly by 26.7% year-on-year, driven by rising inbound tourist numbers and social gatherings[58] - The consumer electronics and home appliances division saw a sales decline of 8.8%, following a 19.9% drop in the previous year, due to post-pandemic consumer behavior and economic slowdown[60] - The B2B commercial and professional audio-visual products division's sales increased by 3.7%, with interactive digital boards seeing a substantial rise of 126.3%[63] - The skincare products division experienced an 8.0% decline in sales, influenced by increased competition and the depreciation of the Japanese yen[64] - The photography and technical services division's sales fell by 22.5%, primarily due to a high comparison base from the previous year and a decline in demand for photo printing[67] - The overall sales of the professional audio-visual consulting and installation services division decreased by 34.1% compared to the same period last year, primarily due to delays in project completions[69] - Sales from government sectors, including hospitals, recorded a notable growth of 77.4%, reflecting increased investments in upgrading video conferencing facilities[69] Financial Position - Cash and bank balances reached HKD 274 million, indicating a stable financial position[3] - The total assets amounted to HKD 936.06 million, slightly down from HKD 941.61 million as of March 31, 2024[15] - Current liabilities totaled HKD 182.30 million, compared to HKD 182.82 million as of March 31, 2024[17] - Trade receivables at the end of the period amounted to HKD 53,347,000, a decrease from HKD 71,305,000 as of March 31, 2024[42] - Trade payables at the end of the period were HKD 54,838,000, a slight decrease from HKD 55,226,000 as of March 31, 2024[50] - The group's trade receivables amounted to HKD 53 million, while inventory was valued at HKD 148 million as of September 30, 2024[74] Dividends and Corporate Governance - The company did not recommend any interim dividend for this period[3] - The company did not recommend any interim dividend for the current period, consistent with the previous year[36] - The board is committed to achieving high standards of corporate governance and has adhered to the principles outlined in the corporate governance code[79][80] Future Outlook and Strategic Initiatives - The group plans to adopt new accounting standards effective from April 1, 2024, which are not expected to have a significant impact on the group's financial position[24] - The company plans to launch a series of new products in the second half of the year, including new FUJIFILM cameras and skincare products[72] - The company is focusing on strategic measures such as negotiating favorable lease agreements and enhancing service quality through training programs[72] - The operational days of the theme park increased from 157 days in the previous year to 175 days, contributing to the growth in imaging service sales[68]

Financial Performance - Revenue for the fiscal year 2024 reached HK$1,102,410,000, representing an increase of 2.93% from HK$1,079,245,000 in 2023[22] - Gross profit for the fiscal year 2024 was HK$279,145,000, with a gross profit margin of 25.32%, up from 24.63% in 2023[22] - Profit before income tax for 2024 was HK$31,440,000, a decrease of 29.3% compared to HK$44,502,000 in 2023[22] - Profit attributable to owners of the Company for 2024 was HK$29,756,000, down from HK$40,810,000 in 2023, resulting in a profit margin of 2.70%[22] - Basic earnings per share decreased to 2.51 HK cents in 2024 from 3.44 HK cents in 2023, a decline of 27.0%[25] - Return on equity fell to 4.32% in 2024, down from 6.02% in 2023, indicating a decrease of 28.3%[25] - The dividend payout ratio for 2024 was 39.83%, a decrease from 43.57% in 2023[25] - Consolidated revenue for the financial year ended March 31, 2024, was HK$1,102 million, representing an increase of 2.1% compared to the previous year[81] - Net profit attributable to shareholders was HK$29.8 million, down from HK$40.8 million in the previous year; excluding certain adjustments, net profit was HK$35.4 million for the year[85] Assets and Liabilities - Total assets increased to HK$941,609,000 in 2024, up from HK$913,412,000 in 2023, representing a growth of 3.0%[25] - Net assets rose to HK$688,816,000 in 2024, compared to HK$678,709,000 in 2023, marking an increase of 1.6%[25] - The current ratio was reported at 2.94 times in 2024, slightly down from 3.03 times in 2023[25] - The group maintained a debt-free status with cash and bank balances totaling HK$244 million as of March 31, 2024, ensuring adequate liquidity for operational needs[149] - The segment's trade receivables stood at HK$71 million, while inventories were valued at HK$164 million as of March 31, 2024[150] Market Presence and Partnerships - The Group has maintained a long-standing partnership with FUJIFILM, serving as the sole authorized distributor of FUJIFILM photography products in Hong Kong and Macau since 1968[18] - The Group operates retail businesses in Hong Kong, including the Fotomax retail chain, which provides photofinishing and imaging solutions[18] - The Group has been providing imaging operations at the Hong Kong Disneyland Resort since July 2019, expanding its market presence[18] - The anticipated growth in inbound and outbound tourist numbers is expected to positively impact the company's photographic-related business segments[87] - The company anticipates increased demand for its commercial TV and professional AV solutions due to the resumption of hotel projects and international events in Hong Kong[92] Product Development and Innovation - The company launched a special edition FUJIFILM X100V camera to commemorate Disney's 100th anniversary, with only 100 units produced worldwide[32] - The instax PalTM handheld camera was officially launched in November 2023, showcasing the latest products in the instax family[40] - The X-S20 digital camera, launched in May 2023, weighs 491g and features a 26.1MP sensor, AI autofocus, and 6.2K video recording capabilities[52] - The GFX100 II, released in September 2023, boasts a 102MP sensor and advanced AI autofocus, enhancing image quality and stabilization[55] - The X100VI, set to launch in February 2024, features a 40.2MP sensor and 5-axis IBIS system, maintaining the compact design of its predecessors[57] - The instax SQUARE SQ40, launched in July 2023, includes an "auto exposure" function for optimal contrast in various lighting conditions[61] - The instax PalTM camera, a palm-sized model, is designed for photo taking and compatible with instax LinkTM series printers, available in five colors[62] - The company plans to launch a new brand "FOTOMETA" targeting young customers and pet owners, with a store opening scheduled for May 2024[99] Corporate Culture and Social Responsibility - The management emphasizes the importance of corporate culture for sustainable development and aims to reshape it to align with the Group's long-term vision[4] - The Group focuses on enhancing employee training and encouraging innovative solutions to improve competitiveness[8] - The Group is committed to creating high-quality products and services while fulfilling its corporate social responsibility[14] - The Group's corporate culture emphasizes customer-centricity, collaboration, and sustainability, fostering a transparent and accountable governance environment[159] - The Group's social responsibility efforts included regular donations and sponsorships, alongside organizing various volunteer service activities, demonstrating commitment to sustainability[162] Operational Efficiency and Employee Development - The company has completed a comprehensive office renovation to enhance the working environment for employees, promoting better communication and collaboration[86] - The total number of full-time and part-time staff increased to 627 as of March 31, 2024, compared to 542 a year earlier, reflecting ongoing staff development initiatives[160] - The comprehensive KPIs program was maintained to enhance operational efficiency and provide a fair assessment of staff performance[160] - The Group invested HK$23.8 million in tangible assets and HK$0.6 million in intangible assets during the year, all financed by internal resources[157] Sales Performance and Market Trends - Sales of digital cameras and lenses recorded a 49.6% increase, while sales of instant cameras and films increased by 17.8% compared to the Previous Year[112] - The photography segment recorded strong growth, with digital camera and lens sales increasing by 49.6% and instant cameras and film sales rising by 17.8% compared to the previous year[118] - Sales growth in the photography segment slowed significantly in the second half of the year, dropping from 103.5% in the first half to 8.9% in the second half due to supply constraints and increased demand from tourists[118] - The consumer electronics and household appliances segment experienced a 17.0% decline in sales compared to the previous year, with retail, wholesale, and online sales dropping by 16.7%, 17.2%, and 18.7% respectively[124] - The skincare products segment faced a challenging year with a 21.5% decrease in sales, attributed to intense competition and the depreciation of the Yen[133] Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to $550 million[179] - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[179] - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[179] - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and customer base, with an estimated cost of $30 million[179] - Research and development expenses increased by 12%, totaling $40 million, to support new technology initiatives[179]

Financial Performance - Revenue increased by 2.1% to HKD 1,102.41 million (FY2022/23: HKD 1,079.25 million) [5] - Net profit attributable to shareholders was HKD 29.80 million (FY2022/23: HKD 40.80 million), representing a decrease of 27.5% [5] - Earnings per share decreased to 2.51 HK cents (FY2022/23: 3.44 HK cents) [5] - Total comprehensive income for the year was HKD 27.89 million, down from HKD 39.52 million [7] - Basic earnings per share for 2024 were HKD 2.51, down from HKD 3.44 in 2023, with net profit attributable to shareholders at HKD 29,756,000 [27] - Total comprehensive income for the year was HKD 30,915,000 in 2024, down from HKD 42,436,000 in 2023, reflecting a decrease of about 27.2% [41] - The company reported a profit before tax of HKD 31,440,000 in 2024, down from HKD 44,502,000 in 2023, a decrease of approximately 29.3% [41] Dividends - The board proposed a final dividend of 1 HK cent per ordinary share, consistent with the previous year [5] - The company proposed a final dividend of HKD 0.01 per share, totaling approximately HKD 11,853,000 for the year ending March 31, 2024 [28] - The board proposed a final dividend of HKD 0.01 per ordinary share for the fiscal year ending March 31, 2024, subject to shareholder approval at the upcoming annual general meeting [72] Assets and Liabilities - Non-current assets increased to HKD 403.96 million (2023: HKD 386.76 million) [9] - Current assets totaled HKD 537.65 million, slightly up from HKD 526.65 million [9] - Total liabilities increased to HKD 252.79 million (2023: HKD 234.70 million) [10] - The net current asset position improved to HKD 354.83 million compared to HKD 352.65 million in the previous year [10] - The company's total assets increased from HKD 913,412,000 in 2023 to HKD 941,609,000 in 2024, an increase of approximately 3.1% [43] - Non-current assets in Hong Kong rose to HKD 273,955,000 in 2024 from HKD 257,362,000 in 2023, representing an increase of about 6.5% [45] - Trade receivables increased to HKD 71,510,000 in 2024 from HKD 46,418,000 in 2023, with a net amount of HKD 71,305,000 after impairment losses [29] - Trade payables and notes decreased from HKD 58,565,000 in 2023 to HKD 55,226,000 in 2024, a reduction of approximately 4.0% [36] - As of March 31, 2024, the group had no debt and cash reserves totaling HKD 244 million, ensuring sufficient liquidity for operational needs [70] - Trade receivables amounted to HKD 71 million, with inventory valued at HKD 164 million, reflecting prudent credit and inventory management strategies [71] Revenue Breakdown - Total revenue for 2024 was HKD 1,102,410,000, a slight increase from HKD 1,079,245,000 in 2023, with product sales at HKD 893,037,000 and service income at HKD 209,373,000 [21] - Revenue from product sales was HKD 893,037,000 in 2024, slightly down from HKD 894,863,000 in 2023, indicating a decrease of about 0.2% [41] - Service revenue increased from HKD 25,432,000 in 2023 to HKD 23,320,000 in 2024, a decline of approximately 8.3% [41] - Revenue from a major customer increased to HKD 46,225,000 in 2024 from HKD 35,827,000 in 2023, reflecting an increase of about 29.0% [45] Expenses and Costs - Total expenses for 2024 were HKD 1,078,783,000, compared to HKD 1,068,027,000 in 2023, with the cost of goods sold at HKD 719,632,000 [23] - The company recorded a current tax expense of HKD 6,452,000 for 2024, compared to HKD 3,279,000 in 2023, reflecting an increase in taxable profits [26] - The depreciation of property, plant, and equipment was HKD 12,464,000 in 2024, slightly down from HKD 12,803,000 in 2023 [23] - Advertising and marketing expenses decreased by 15.9% to HKD 12.3 million, representing 1.1% of sales [47] Product and Market Developments - The company launched several new digital cameras and lenses, including the X-S20 and GFX100 II, enhancing its product lineup [53] - Sales of photography products saw significant growth, with digital cameras and lenses increasing by 49.6% and instant cameras by 17.8% [52] - The consumer electronics and home appliances segment experienced a decline in sales by 17.0% compared to the previous year [56] - The B2B commercial and professional audio-visual products segment's sales surged by 35.3% year-on-year, with commercial TVs increasing by 61.6% [59] - The skincare division experienced a 21.5% decline in sales compared to the previous year due to intense competition and currency depreciation [60] - Two new products were launched: The Serum Brightening and The Serum Multi-Tune, both receiving industry accolades [61] - The photography and technical services division saw a 0.7% increase in annual sales, with a 40.6% rise in ID photo services in the first half, followed by a 34.0% decline in the second half [62] - Printing services sales increased by 7.0%, driven by social activities and travel resumption [63] - The theme park's imaging solutions service sales surged by 245.9% due to increased operating days and higher tourist spending [64] - The professional audio-visual consulting division's sales rose by 7.5%, with a notable 43.7% increase in sales from hospitals [65] - A new brand "FOTOMETA" targeting young customers and pet owners will launch in May 2024, alongside becoming the imaging solutions provider for KidZania [68] Future Outlook - The group maintains a cautious optimism regarding future prospects, supported by government initiatives to boost tourism and consumer sentiment [67] - The company has begun evaluating the impact of new accounting standards effective from January 1, 2024, and expects no significant impact on its financial performance [18] Corporate Governance - The group's financial statements for the year ending March 31, 2024, were reviewed by the audit committee and confirmed to be in accordance with applicable accounting standards [74] - The company has complied with the corporate governance code throughout the fiscal year ending March 31, 2024 [78] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the fiscal year ending March 31, 2024 [77] - The annual general meeting is scheduled for August 9, 2024, with a record date for the proposed final dividend on August 16, 2024 [80]

Financial Performance - Consolidated revenue reached HK$579 million, representing an increase of 7.7% compared to the Previous Period[8]. - Net profit attributable to Shareholders for the Period was HK$28.7 million, a rise of 134.9% compared to the Previous Period[8]. - Excluding certain subsidies and losses, net profit attributable to Shareholders improved by 226.7% to HK$35.3 million compared to the Previous Period[8]. - Basic earnings per share was HK2.43 cents for the Period, up from HK1.03 cents in the Previous Period[9]. - Profit for the period reached HK$29,572,000, a substantial increase of 141.5% from HK$12,257,000 in the prior year[108]. - Total comprehensive income for the period reached HK$26,619,000, a significant increase of 239.5% compared to HK$7,834,000 in the previous year[110]. - Profit for the period increased to HK$29,572,000, up 142.5% from HK$12,257,000 in the same period last year[110]. - For the six months ended September 30, 2023, profit attributable to owners of the Company was HK$28,746,000, a significant increase from HK$12,236,000 in the same period of 2022, representing a growth of 134.1%[176]. Sales and Market Trends - Five new digital cameras and lenses were launched, resulting in a 90.7% increase in sales compared to the Previous Period[15]. - Sales revenue for instant cameras, photo printers, and films increased by 27.2% compared to the Previous Period[15]. - The re-emergence of social activities significantly drove the demand for photographic products[14]. - The semiconductor industry's stabilization contributed to increased production of cameras to meet consumer demand[14]. - Segment sales decreased by 19.9% compared to the Previous Period, ending two consecutive years of growth during the COVID-19 period[22]. - Retail sales dropped by 19.1%, while wholesales decreased by 20.8%, with a reduction from 27.3% in Q1 to 13.1% in Q2[22]. - Online sales fell by 23.5%, indicating a general decline in consumer demand for household entertainment and electrical appliances[22]. - Hotel TV sales surged by 230.3% compared to the Previous Period, driven by the reactivation of the hospitality industry[28]. - Sales of interactive digital boards increased by 479.4% compared to the Previous Period, reflecting their growing popularity among schools and corporations[28]. - ID photo services saw a significant increase of 40.6% due to rising demand from overseas travel[36]. - The sales of attractions in the segment grew by 333.1% compared to the Previous Period due to the increase in inbound tourists[41]. Strategic Initiatives - The Group adjusted its strategies to cope with changes in demand and spending patterns during the Period[7]. - The segment organized strategic marketing events, including the "Cat Shooting Fun Day" in May 2023, to boost sales and brand awareness[19]. - A new concept store named Fotometa is set to open in the second half of the year to target high-spending consumers[48]. - The Group plans to participate in promotional activities across various shopping malls in Hong Kong to encourage local consumption[49]. - The group plans to launch several digital cameras and instant photography products in the second half of the year, expecting significant revenue contributions from the photography segment[53]. - A new attraction named "Frozen World" is set to open in November 2023, expected to boost sales of imaging products and services within the park[53]. Financial Position and Management - The Group had cash and bank balances of HK$233 million and was debt-free as of 30 September 2023[50]. - Trade receivables stood at HK$74 million, while inventories were valued at HK$185 million as of 30 September 2023[51]. - The group maintains a conservative approach to financial risk management and does not engage in high-leverage or speculative derivative products[56]. - The Group's financial risk management policies have not changed since the last year-end, maintaining exposure to foreign exchange, interest rate, credit, and liquidity risks[142][143]. - The Group's financial assets and liabilities' carrying amounts were close to their fair values, indicating stable financial conditions[149]. - The Group reported a decrease in other income and gains, net, to HK$10,313,000 from HK$19,742,000, a decline of 47.8%[108]. - Administrative expenses increased to HK$50,364,000 from HK$46,761,000, reflecting a rise of 6.5% year-over-year[108]. - Cash generated from operations increased to HK$42,353,000, up from HK$34,236,000 in the previous year, marking a growth of 24%[121]. Shareholder Information - As of September 30, 2023, Dr. Sun Tai Lun Dennis holds a total of 712,496,214 shares in the Company, representing 60.11% of the issued share capital[73]. - Fine Products Limited, controlled by Dr. Sun Tai Lun Dennis, holds 700,034,214 shares, accounting for 59.06% of the Company's issued share capital[73]. - Searich Group Limited, also linked to Dr. Sun Tai Lun Dennis, has a beneficial ownership of 600,034,214 shares, which is 50.62% of the issued share capital[73]. - The interests of substantial shareholders include Tricor Equity Trustee Limited, which holds 711,276,214 shares, equating to 60.01% of the issued share capital[73]. - The total number of shares held by substantial shareholders with 5% or more voting power is significant, indicating concentrated ownership[73]. Corporate Governance - The Company has complied with the corporate governance code throughout the Period[80]. - The Audit Committee, comprising four Independent Non-executive Directors and one Non-executive Director, reviewed the Group's financial statements for the Period[93]. - The external auditors, PricewaterhouseCoopers, reviewed the unaudited condensed consolidated financial information in accordance with applicable standards[93]. - The interim financial information was approved for issue by the Board of Directors on November 29, 2023, and has been reviewed but not audited[126]. - The Group's interim financial information for the six months ended September 30, 2023, was prepared in accordance with HKAS 34 and has been reviewed but not audited[130][131].