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。 截至2025年3月31日止年度全年業績公告 摘要 中港照相器材集團有限公司（「本公司」）董事會（「董事會」）提呈本公司及其附屬公司（「本集團」）截 至2025年3月31日止年度（「FY2024/25」或「本年度」）的綜合業績，連同去年（「FY2023/24」或「上年 度」）的比較數字如下。 1 • 收益減少9.2%至港幣10.01億元（FY2023/24：港幣11.02億元） • 本公司股東應佔淨虧損為港幣230萬元（FY2023/24：淨利潤港幣2,980萬元） • 經調整的本公司股東應佔淨利潤為港幣1,640萬元（FY2023/24：港幣3,280萬元），乃撇除主要 之一次性非現金項目（包括投資物業的公平值變動、金融資產、物業、廠房及設備、使用權資 產的減值虧損，以及因確認稅項虧損及投資物業的公平值變動引致的遞延稅項調整） • 每股虧損為0.20港仙（FY2023/24：每股盈利2.51港仙） • ...

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].

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。 2023 9 30 截至 年 月 日止六個月 中期業績公告 摘要 • 7.7% 5.79 5.38 收益增加 至港幣 億元（去年同期：港幣 億元） • 2,870 1,220 股東應佔淨利潤為港幣 萬元（去年同期：港幣 萬元） • 2.43 1.03 每股基本盈利為 港仙（去年同期： 港仙） • 董事會不建議派付任何中期股息 未經審核中期業績 中港照相器材集團有限公司（「本公司」）董事會（「董事會」）呈列本公司及其附屬公司（「本集團」）截 2023 9 30 至 年 月 日止六個月（「本期間」）之未經審核綜合業績連同去年同期（「去年同期」）之比較數 ...

Business Operations - The Group has been the sole authorized distributor of FUJIFILM photography products in Hong Kong and Macau since 1968, and of ASTALIFT skincare products since 2010[18]. - The Group operates retail businesses in Hong Kong, providing photofinishing and imaging solutions through its Fotomax retail chain[18]. - The Group has been providing imaging operations at the Hong Kong Disneyland Resort since July 2019[18]. - The Group focuses on delivering exceptional products and services in photography, imaging solutions, skincare, and consumer electronics[17]. Financial Performance - Revenue for the year ended March 31, 2023, was HK$1,079,245,000, representing an increase of 6.3% from HK$1,015,240,000 in 2022[24]. - Profit attributable to owners of the Company for the year ended March 31, 2023, was HK$40,810,000, compared to HK$18,110,000 in 2022, marking a significant increase of 125.3%[24]. - Basic earnings per share for the year ended March 31, 2023, was 3.44 HK cents, up from 1.53 HK cents in 2022, reflecting a growth of 125.5%[24]. - The current ratio improved to 3.03 in 2023 from 2.88 in 2022, indicating better short-term financial health[24]. - Total assets less current liabilities increased to HK$739,418,000 in 2023, up from HK$716,694,000 in 2022, showing a growth of 3.2%[22]. - Cash and bank balances increased to HK$235,919,000 in 2023, compared to HK$229,230,000 in 2022, reflecting a growth of 2.9%[22]. - The dividend payout ratio for the year ended March 31, 2023, was 43.57%, down from 65.45% in 2022[24]. Product Launches and Innovations - FUJIFILM Hong Kong launched the new FUJIFILM X-H2S high-speed digital camera at the festival, which was well-received by attendees[34]. - FUJIFILM X-H2S features a readout speed 4 times faster than existing models, achieving blackout-free burst shooting at 40 frames per second[55]. - FUJIFILM X-H2 is the world's first APS-C camera compatible with 8K/30P Apple ProRes internal recording, equipped with a 40.2MP sensor[58]. - The instax mini Link 2 allows users to add drawings or texts to photos using augmented reality, enhancing user interactivity[62]. - FUJIFILM launched the instax SQUARE Link printer, showcasing it alongside instax mini Link 2 and instax Link WIDE, attracting significant media attention[43]. - The instax mini Heart Sketch instant film was launched in February 2023, expanding the product line[62]. - FUJIFILM's new products include the ASTALIFT wrinkle repair serums, which received top rankings in their categories[68]. Market Trends and Consumer Behavior - The Group is optimistic about the recovery of the Hong Kong economy following the lifting of anti-Pandemic measures[87]. - The increase in the number of overseas visitors is a favorable factor contributing to the recovery of retail consumption in Hong Kong[76]. - Sales of digital cameras and lenses increased by 17.1%, reaching 71.7% of the sales from the pre-COVID-19 year of FY2018/19[99]. - Sales of instant cameras and films increased by 26.6% and 46.0% respectively compared to the previous year, driven by the resumption of social functions[99]. Corporate Culture and Values - The Group emphasizes a customer-centric approach, aiming to enhance the quality of life for its customers[6]. - The Group promotes a corporate culture of open communication and mutual respect[13]. - The Group's core values include accountability, collaboration, and curiosity to learn[11][10][8]. - The Group has established a vision to make the environments where it operates better places[6]. - The Group's corporate culture emphasizes customer-centricity, collaboration, and sustainability, fostering a warm atmosphere for staff and stakeholders[149]. Corporate Governance and Leadership - The executive team includes Mr. Sun Tao Hung Stanley as CEO and Deputy Chairman, and Mr. Sun Tao Hsi Ryan as COO, both with extensive experience in the industry[160][162]. - The CFO, Ms. Chan Wai Kwan Rita, has over 20 years of professional experience in auditing, accounting, and financial management[164]. - The company has a strong leadership team with extensive experience in various sectors, including retail and finance, enhancing its strategic decision-making capabilities[182]. - The board includes members with significant expertise in accounting, investment, and management, ensuring robust governance and oversight[184]. - The independent non-executive directors play a crucial role in maintaining the integrity and transparency of the company's operations[179]. Social Responsibility and ESG Initiatives - The Group aims to create high-quality products and services while fulfilling its corporate social responsibility[14]. - The Group joined the ESG Pledge Scheme of 2023, demonstrating commitments to environmental management and corporate governance[86]. - The Group emphasizes social responsibility as a key element of sustainable development, engaging in various volunteer activities and donations to charities[158]. - The ESG committee, chaired by the COO, oversees sustainability policies and performance in areas such as environment, workplace, supply chains, and community[189]. - Various green office initiatives have been implemented, including the development of e-forms and materials recycling, to reduce environmental and social impact[192]. Employee Engagement and Development - The Group is committed to continuous learning and innovation among employees to enhance competitiveness[8]. - The total number of full-time and part-time employees increased to 542 as of March 31, 2023, up from 530 in the previous year[156]. - The group continues to implement a comprehensive key performance indicator program to enhance operational efficiency and fairly assess employee performance[156]. Challenges and Market Competition - The Group anticipates intense competition in the labor market as economic activities recover, leading to challenges in hiring competent candidates[137]. - The company adopted aggressive pricing strategies to enhance competitiveness amid intensified market competition[111]. - The professional AV segment faced a 5.3% sales drop compared to the previous year, attributed to reduced demand for household projects[129].

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。 2023 3 31 截至 年 月 日止年度全年業績公告 摘要 • 6.3% 10.79 FY2021/22 10.15 收益增加 至港幣 億元（ ：港幣 億元） • 4,080 FY2021/22 1,810 本公司股東應佔淨利潤為港幣 萬元（ ：港幣 萬元） • 3.44 FY2021/22 1.53 每股盈利為 港仙（ ： 港仙） • 1 FY2021/22 1 0.5 董事會建議派付末期股息每股普通股 港仙（ ： 港仙）及特別股息每股普通股 港 FY2021/22 仙（ ：無） 中港照相器材集團有限公司（「本公司」）董事會（「董事會」）提呈本公司及其附屬公司（「本集團」）截 2023 3 31 FY2022/23 FY2021/22 至 年 月 日止年度（「 」或「本年度」）的綜合業績，連同去年（「 」或「上年 度」）的比較數字如下。 ...

Financial Performance - The Group recorded a consolidated revenue of HK$538 million for the Period, representing an increase of 13.0% compared to the Previous Period[6]. - Net profit attributable to shareholders for the Period was HK$12.2 million, an increase of 308.4% compared to the Previous Period[6]. - Basic earnings per share for the Period was HK1.03 cents, up from HK0.25 cent in the Previous Period[9]. - The increase in net profit was partially offset by a revaluation loss of investment properties of HK$6.2 million and an exchange loss of HK$2.2 million due to Renminbi depreciation[6]. - The Group does not recommend the payment of any interim dividend for the Period due to uncertainties in the global economy[9]. - Overall sales of Fotomax increased by 13.9% compared to the previous period, compensating for losses in other imaging services[19]. - The total comprehensive income for the period was HK$7,834,000, up 104.67% from HK$3,821,000 in the prior year[81]. - Profit for the period reached HK$12,257,000, a substantial increase of 288.67% from HK$3,152,000 in the same period last year[81]. - The Group's profit before income tax for the six months ended 30 September 2022 was HK$12,236,000, compared to HK$2,996,000 for the same period in 2021, representing an increase of approximately 308%[144]. Sales and Product Performance - Sales of instax cameras, films, and printers grew by 76.2% compared to the Previous Period, driven by government consumption vouchers and restrictions on outbound travel[12]. - The sales of consumer electronic products and household appliances increased by 46.9% compared to the pre-COVID-19 period of FY2019/20, but growth slowed to 9.2% during the Period[12]. - Retail sales, including e-commerce, grew by 9.9% compared to the previous period, with the average transaction size increasing by 9.8% due to higher sales of premium AV products[16]. - Sales of B-to-B commercial and professional AV products improved by 37.7% compared to the previous period, recovering to 92.1% of pre-COVID-19 sales levels[16]. - Astalift skincare products experienced a sales growth of 21.2%, with 18.4% of sales attributed to new distribution channels in Matsumoto Kiyoshi[18]. - ID photo service sales increased by 28.6% compared to the previous period, driven by a surge in passport and visa applications following the relaxation of travel restrictions[19]. - The new instax mini Link 2 smartphone printer received positive market reception, contributing to significant sales during the period[13]. - The Professional AV segment saw a 16.4% increase in sales from government and educational institutions, but overall sales decreased by 15.2% due to a 58.5% drop in private sector projects[24][27]. Marketing and Promotions - The Group launched two new digital camera models, X-H2S and X-H2, and four new lenses to compensate for earlier sales losses[10]. - The Group participated in the "Hong Kong Camera & Imaging Festival 2022," promoting FUJIFILM products and demonstrating new models[12]. - The group launched promotional activities in collaboration with prestigious AV brands, enhancing customer engagement and sales[16]. - Marketing and promotion events will be held for TV and AV products in light of the upcoming FIFA World Cup, which historically drives sales[29]. Financial Position and Management - As of September 30, 2022, the Group had cash and bank balances of HK$216 million and was debt-free, indicating strong financial resources[33]. - The Group's trade receivables stood at HK$59 million, while inventories were valued at HK$168 million as of September 30, 2022, reflecting prudent inventory management strategies[33]. - The Group invested HK$6 million in tangible assets, including machinery and equipment, during the six months ended September 30, 2022, all financed from internal resources[37]. - The Group has capital commitments of HK$2 million as of September 30, 2022, compared to nil in the previous year, indicating planned future investments[37]. - The Group continues to adopt a conservative approach to financial risk management, regularly reviewing its treasury policies[34]. - The Group's activities expose it to various financial risks, including foreign exchange risk, interest rate risk, credit risk, and liquidity risk, with no changes in risk management affecting results for the period[118]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code throughout the six months ended 30 September 2022[61]. - The company has implemented updated practices in customer data collection and retention, including deleting personal data of customers with no transactions in three years[61]. - The company has conducted full-scope security audits of its network and systems following a cyber security incident in October 2021[61]. - The company has confirmed that all directors complied with the Code of Conduct regarding securities transactions throughout the reporting period[61]. - The Company has not granted any rights to acquire shares or debentures to directors or their family members during the period[50]. Shareholding Structure - Dr. Sun Tai Lun Dennis is deemed to be interested in a total of 712,496,214 shares, representing 60.11% of the Company's issued share capital[51]. - Fine Products Limited holds 700,034,214 shares, accounting for 59.06% of the Company's issued share capital[51]. - Searich Group Limited is a substantial shareholder with 600,034,214 shares, which is 50.62% of the Company's issued share capital[51]. - The interests of substantial shareholders include Dr. Sun Tai Lun Dennis, Fine Products Limited, and Tricor Equity Trustee Limited, collectively holding significant shares[51]. Future Outlook - The group plans to launch new products, including the X-T5 digital camera and Serum Wrinkle Repair Day and Night Essences, in the second half of the year[29]. - The recent lifting of quarantine requirements is expected to stimulate inbound and outbound tourism, benefiting the photographic products and services segments[29]. - The Group will adjust inventory levels and portfolios to balance cost structures and market expectations in response to economic developments[29]. - The Group intends to adopt new standards and amendments when they become effective, with expectations of no material impact on future reporting periods[116].