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 致：香港交易及結算所有限公司 公司名稱: 星凱控股有限公司 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) | 01166 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,500,000,000 | HKD | | 0.2 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 2,500,000,000 | HKD | | 0.2 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 FF301 第 1 頁 共 10 頁 v 1. ...

Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

Financial Performance - The company reported a revenue of HKD 299,714,000 for the six months ended December 31, 2024, a decrease of 47.3% compared to HKD 567,572,000 in the same period of 2023[4] - Gross profit increased to HKD 25,568,000, up 38.5% from HKD 18,434,000 year-on-year[4] - The company recorded a pre-tax loss of HKD 30,068,000, an improvement of 56.7% compared to a loss of HKD 69,469,000 in the previous year[5] - The net loss for the period was HKD 26,572,000, a reduction of 55.1% from HKD 59,177,000 in the same period last year[5] - Total comprehensive income for the period was HKD -33,279,000, compared to HKD -22,350,000 in the previous year[7] - Basic and diluted loss per share was HKD 0.22, an improvement from HKD 0.49 in the same period of 2023[7] - The total comprehensive income for the six months ended December 31, 2024, was a loss of HKD 32,960,000, compared to a loss of HKD 21,882,000 in the previous period, indicating a worsening financial performance[12] - The company reported a total comprehensive loss of HKD 30,068,000 for the six months ending December 31, 2024, compared to a loss of HKD 69,469,000 for the same period in 2023, showing an improvement of approximately 56.7%[27] Assets and Liabilities - Non-current assets totaled HKD 988,639,000, a slight decrease from HKD 1,008,628,000 as of June 30, 2024[9] - Current assets decreased to HKD 300,155,000 from HKD 358,687,000 as of June 30, 2024[9] - Total equity decreased to HKD 766,676,000 from HKD 798,726,000 as of June 30, 2024[10] - The cash and cash equivalents decreased by HKD 18,581,000 during the six months ended December 31, 2024, while there was an increase of HKD 22,774,000 in the same period of 2023[15] - The total equity as of December 31, 2024, was HKD 766,676,000, down from HKD 865,805,000 as of December 31, 2023, reflecting a decline in shareholder equity[12] - The company’s total assets as of December 31, 2024, were not explicitly stated but can be inferred to have decreased given the decline in total equity and cash reserves[12] - Trade receivables as of December 31, 2024, amounted to HKD 62,421,000, down from HKD 84,113,000 as of June 30, 2024, reflecting a decrease of about 25.8%[50] - The asset-liability ratio as of December 31, 2024, was 0.30, with total borrowings of approximately HKD 229,000,000 against shareholder equity of about HKD 767,000,000[82] Cash Flow and Financing - The net cash generated from operating activities for the six months ended December 31, 2024, was HKD 17,101,000, compared to HKD 6,254,000 for the same period in 2023, representing a significant increase[13] - The company reported a net cash outflow from financing activities of HKD 38,520,000 for the six months ended December 31, 2024, compared to a net inflow of HKD 10,342,000 in the previous year[13] - Interest paid on borrowings decreased to HKD 6,346,000 in the six months ended December 31, 2024, from HKD 8,428,000 in the same period of 2023, indicating reduced financing costs[13] - Financing costs totaled HKD 8,640,000 for the six months ended December 31, 2024, slightly up from HKD 8,523,000 in 2023, reflecting a marginal increase of 1.4%[35] - The company raised new borrowings of HKD 43,412,000 during the six months ended December 31, 2024, compared to HKD 99,401,000 in the same period last year[59] Revenue Breakdown - Revenue from the China market for the six months ending December 31, 2024, was HKD 244,429,000, significantly lower than HKD 505,712,000 for the same period in 2023, marking a decline of approximately 51.8%[32] - The wire and cable segment generated revenue of approximately HKD 92,846,000, a decrease of about 20.6% year-on-year, accounting for approximately 31.0% of total revenue[69] - The copper rod business reported revenue of approximately HKD 196,284,000, a decrease of about 55.9% year-on-year, representing approximately 65.5% of total revenue[69] - Revenue from mainland China and Hong Kong dropped by approximately 51.0% year-on-year to about HKD 251,316,000, representing about 83.9% of total revenue[71] - Revenue from the Americas decreased by approximately 29.7% year-on-year to about HKD 13,234,000, accounting for about 4.4% of total revenue[71] Segment Performance - The reported loss for the cable and wire manufacturing segment was HKD 13,864,000, while the copper trading segment reported a profit of HKD 5,654,000, leading to a total segment loss of HKD 18,641,000 for the six months ending December 31, 2024[23] - The investment property segment recorded a loss of HKD 10,431,000 for the six months ending December 31, 2024, compared to a loss of HKD 36,815,000 in the same period of 2023[24] - The fair value change of investment properties resulted in a loss of HKD 13,983,000 for the six months ending December 31, 2024, compared to a loss of HKD 41,167,000 in the same period of 2023[23] Corporate Governance and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2024, which did not have a significant impact on its financial performance or position[18] - The company did not recommend any dividend payment for the six months ended December 31, 2024, consistent with the previous year[38] - The company has complied with the gender diversity requirement of having at least one female director by December 31, 2024[129] - The independent non-executive directors have served on the board for over nine years, requiring shareholder approval for their reappointment[131] - The company continues to evaluate the effectiveness of its corporate governance structure, including the separation of the roles of chairman and CEO[140] Strategic Plans and Future Outlook - The company plans to enhance its core competitiveness by increasing investment in R&D and expanding into new markets such as renewable energy and AI applications[78] - The company aims to implement a major customer strategy to deepen cooperation with key clients and explore industry transformation paths[78] - The company will optimize its management system to improve operational efficiency and reduce resource waste[78] - The company plans to sell assets to save significant maintenance and development costs, reduce real estate market risks, and improve liquidity and financial condition[104] Asset Disposal - The company announced a significant sale of 100% equity in Dongguan Huayi Copper Industry Co., Ltd. for a cash consideration of RMB 70,000,000 (approximately HKD 77,000,000)[91] - The sale constitutes a very substantial disposal as the applicable percentage exceeds 75%, requiring compliance with the listing rules for disclosure and shareholder approval[105] - A special general meeting for shareholder approval of the equity transfer agreement is scheduled for February 17, 2025[106] - Upon completion of the sale, the seller will no longer hold any interest in the target company, which will cease to be a subsidiary of the group[107]

Financial Performance - For the six months ended December 31, 2024, the company reported a revenue of HKD 299,714,000, a decrease of 47.3% compared to HKD 567,572,000 for the same period in 2023[2]. - The gross profit for the same period was HKD 25,568,000, representing a gross margin of approximately 8.5%, up from HKD 18,434,000 in 2023[2]. - The company incurred a pre-tax loss of HKD 30,068,000, an improvement from a pre-tax loss of HKD 69,469,000 in the previous year[3]. - The net loss for the period was HKD 26,572,000, compared to a net loss of HKD 59,177,000 in the same period last year, indicating a reduction in losses[3]. - The company reported a total comprehensive loss of HKD 33,279,000 for the period, compared to a total comprehensive loss of HKD 22,350,000 in the previous year[3]. - The basic and diluted loss per share was HKD 0.22, an improvement from HKD 0.49 in the same period last year[3]. - The company reported a total comprehensive loss of HKD 30,068,000 for the six months ended December 31, 2024, compared to a loss of HKD 69,469,000 in the same period of 2023, marking a significant improvement[24]. Assets and Liabilities - Total assets as of December 31, 2024, were HKD 1,289,294,000, down from HKD 1,367,315,000 as of June 30, 2024[5]. - Current liabilities decreased to HKD 367,138,000 from HKD 404,822,000, reflecting improved liquidity management[5]. - The company’s total liabilities decreased from HKD 1,745,636,000 to HKD 1,771,862,000 during the reporting period[8]. - The total liabilities as of December 31, 2024, were HKD 522,118,000, down from HKD 568,589,000 as of June 30, 2024, reflecting a decrease of approximately 8.2%[25]. - As of December 31, 2024, trade receivables were approximately HKD 62,421,000, down from HKD 83,113,000 as of June 30, 2024[43]. - The group’s trade payables were HKD 70,128,000 as of December 31, 2024, down from HKD 117,763,000 as of June 30, 2024[48]. Cash Flow and Financing - The net cash generated from operating activities for the six months ended December 31, 2024, was HKD 17,101,000, compared to HKD 6,254,000 for the same period in 2023[10]. - The company’s cash and cash equivalents stood at HKD 83,441,000, down from HKD 102,526,000 as of June 30, 2024[5]. - The net cash used in financing activities for the six months ended December 31, 2024, was HKD 38,520,000, compared to a net cash inflow of HKD 10,342,000 in the previous year[10]. - The group raised new borrowings of HKD 43,412,000 for the six months ending December 31, 2024, compared to HKD 99,401,000 for the same period in 2023[50]. - The average effective annual interest rate for bank borrowings ranged from 3.5% to 7.0% as of December 31, 2024[50]. - The group generated operating funds primarily from operating cash flow and bank borrowings[77]. Revenue Breakdown - For the six months ending December 31, 2024, total external customer revenue was HKD 299,714,000, with contributions from cable and wire manufacturing (HKD 92,846,000), copper rod trading (HKD 196,284,000), and investment properties (HKD 10,584,000)[19]. - The revenue from the wire and cable business was approximately HKD 92,846,000, a decrease of about 20.6% from approximately HKD 116,998,000 in the same period last year, accounting for about 31.0% of total revenue[61]. - The copper rod business generated revenue of approximately HKD 196,284,000, down about 55.9% from approximately HKD 444,970,000 in the same period last year, representing about 65.5% of total revenue[61]. - Revenue from mainland China and Hong Kong dropped by approximately 51.0% to HKD 251,316,000 from HKD 512,657,000 in the same period last year, accounting for about 83.9% of total revenue[62]. Strategic Initiatives - The company plans to focus on cost control and operational efficiency to improve future performance[2]. - The company plans to focus on core business development, expanding into new energy, robotics, and AI applications, while enhancing product development capabilities[70]. - The company aims to optimize its management system through lean management to improve operational efficiency and reduce resource waste[71]. - The group will implement a major customer strategy to deepen cooperation with core customers and explore industry transformation pathways[70]. Governance and Compliance - The company has adopted the corporate governance code as per Listing Rule Appendix C1, with compliance to all relevant provisions except for specific deviations noted[130]. - The company has complied with the listing rules regarding board member gender diversity by appointing at least one female director by December 31, 2024[127]. - The company appointed Ms. Dou as an independent non-executive director effective December 18, 2024, enhancing board diversity[126]. Legal and Regulatory Matters - An indirect non-wholly owned subsidiary, Zhou's Stone, was ordered to pay approximately RMB 21,000,000 due to a lawsuit related to halted land development projects since 2020[105]. - The company is closely monitoring the litigation situation and will inform shareholders of any significant developments[107].

Financial Performance - The total revenue for the fiscal year ending June 30, 2024, was approximately HKD 795.7 million, an increase of 112.6% compared to HKD 374.3 million in the previous year[12]. - The loss attributable to the company's owners was approximately HKD 88.5 million, a decrease of 49.8% from HKD 176.2 million in the previous year[12]. - The revenue from the wire and cable business was approximately HKD 248.1 million, a 21.0% increase from HKD 205.1 million in the previous year, accounting for 31.2% of total revenue[13]. - The revenue from the copper rod business surged to approximately HKD 537.1 million, a 241.9% increase from HKD 157.1 million in the previous year, representing 67.5% of total revenue[13]. - Revenue from rental income was approximately HKD 10.5 million, a decrease of 13.3% from HKD 12.1 million in the previous year, accounting for 1.3% of total revenue[13]. - The Americas market revenue increased by 3.0% to approximately HKD 30.4 million, representing 3.8% of total revenue[13]. - Revenue from mainland China and Hong Kong rose by 144.8% to approximately HKD 690.4 million, accounting for 86.8% of total revenue[13]. - The European market revenue increased by 24.5% to approximately HKD 42.0 million, representing 5.3% of total revenue[13]. Business Strategy and Operations - The company aims to optimize and integrate existing businesses while seeking potential partnerships and new business opportunities for balanced development and revenue diversification[20]. - The group anticipates a challenging operating environment in the coming year due to high interest rates and a sluggish leasing market[20]. - The group will adjust strategies and resources in response to economic conditions to enhance cash flow and mitigate uncertainties from the leasing market and high interest rates[20]. - The main business activities include cable and wire operations, copper rod business, property investment, and mining operations[26]. Risk Management - The board of directors has identified key risks and uncertainties that may directly or indirectly affect the group's financial condition and operational performance[27]. - The group actively monitors foreign exchange risks, particularly fluctuations in the Renminbi, as most of its operations are based in China[29]. - The management is focused on managing market risks that could impact profitability and the ability to achieve business objectives[30]. - The group employs dynamic benchmarks to analyze interest rate risks and considers various methods to manage these risks cost-effectively[31]. Corporate Governance - The company has complied with all principles of the Corporate Governance Code, except for specific deviations noted in the report[93]. - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring compliance with listing rules[100]. - The company is actively seeking to appoint a new independent non-executive director by the first half of 2025 to comply with governance code B.2.4(b) due to the current board's composition exceeding the nine-year tenure limit[96]. - The board believes that maintaining the current composition, with independent non-executive directors making up half of the board, supports effective corporate governance despite deviations from the code[96]. Shareholder Information - The company announced a share consolidation on March 4, 2024, merging every 20 existing shares with a par value of HKD 0.01 into 1 consolidated share with a par value of HKD 0.20[35]. - The company did not recommend a final dividend for the year ending June 30, 2024[43]. - The company has no predetermined dividend payout ratio, and the board will consider various factors such as financial performance and cash flow when declaring dividends[125]. Environmental, Social, and Governance (ESG) - The company has adopted environmental initiatives, including waste paper recycling and energy conservation measures[41]. - The board is responsible for overseeing the company's environmental, social, and governance (ESG) strategies and ensuring compliance with sustainable development principles[144]. - The company aims to become a leading manufacturer and quality supplier of cables, wires, and copper rods in China and globally[143]. - The company is committed to creating value for society and the environment through responsible actions in its business operations[93]. Employee and Workforce Management - The group employed approximately 350 employees, a decrease from 400 employees as of June 30, 2023[85]. - The employee turnover rate for 2024 was 22%, compared to 18% in 2023, indicating an increase in employee attrition[191]. - The percentage of employees receiving training remained high at 94.00% in 2024, slightly down from 94.13% in 2023[198]. - The company provided medical insurance for all eligible employees in both China and Hong Kong, adhering to local statutory requirements[195]. Legal and Compliance - The company has maintained compliance with relevant laws and regulations without any significant violations during the review year[34]. - The company has not engaged in large-scale capital investments in the mining sector during the review year due to uncertainties in the Mongolian and international mineral markets[28]. - The company has not reported any violations related to hazardous or non-hazardous waste during the 2024 report period[158]. Future Outlook - The group recognizes climate change as a source of both risks and emerging opportunities, aiming to enhance energy efficiency and increase the use of renewable energy[180]. - The company aims to reduce air pollutants and CO2 emissions by 1-2% at the Dongguan factory in the coming year[156]. - The company plans to lower energy consumption by 2-3% in the next year through continued energy-saving measures[162].

Financial Performance - Revenue for the year ended June 30, 2024, was HKD 795,700,000, a significant increase of 112.5% compared to HKD 374,316,000 in the previous year[1] - Gross profit for the same period was HKD 67,224,000, up from HKD 12,155,000, reflecting a gross margin improvement[1] - The company reported a pre-tax loss of HKD 110,956,000, an improvement from a loss of HKD 164,198,000 in the prior year[2] - Total comprehensive income for the year was HKD (89,662,000), compared to HKD (200,525,000) in the previous year, indicating a reduction in losses[2] - The company reported a basic and diluted loss per share of HKD (0.75), an improvement from HKD (1.48) in the previous year[2] - The company recorded a loss of HKD 89,247,000 for the year ending June 30, 2024[16] - The company reported a total loss of HKD 96,458,000 for the year ended June 30, 2024, compared to a loss of HKD 40,187,000 in the previous year, indicating a deterioration in performance[21] - The loss attributable to the company's owners was approximately HKD 88.5 million, a decrease of 49.8% from a loss of HKD 176.2 million in the previous year[56] Assets and Liabilities - Current assets totaled HKD 358,687,000, slightly up from HKD 352,088,000 year-over-year[3] - Total liabilities increased to HKD 404,822,000 from HKD 342,925,000, leading to a net current liability position of HKD (46,135,000)[3] - Non-current assets decreased to HKD 1,008,628,000 from HKD 1,094,772,000, primarily due to a decline in investment properties[3] - Total equity decreased to HKD 798,726,000 from HKD 888,155,000, reflecting a reduction in reserves[4] - The company's total debt was HKD 262,434,000, with HKD 156,604,000 due within the next 12 months[16] - The company's total liabilities increased to HKD 568,589,000 in 2024 from HKD 558,705,000 in 2023, indicating a rise of approximately 1.6%[24] - The company’s total equity as of June 30, 2024, was HKD 379,726,000, down from HKD 464,155,000 as of June 30, 2023[23] Revenue Breakdown - Revenue from customer contracts for the sale of goods was HKD 785,198,000 for the year 2024, compared to HKD 362,204,000 in 2023, representing a significant increase[18] - For the fiscal year ending June 30, 2024, total revenue reached HKD 795,700,000, with cable and wire contributing HKD 248,137,000 and copper rods contributing HKD 537,061,000[27] - The revenue from the copper rod business was approximately HKD 537.1 million, a significant increase of 241.9% compared to HKD 157.1 million in the previous year[59] - The revenue from the wire and cable business was approximately HKD 248.1 million, an increase of 21.0% from HKD 205.1 million in the previous year[58] - Revenue from external customers in China for the year ended June 30, 2024, was HKD 675,323,000, a substantial increase from HKD 264,041,000 in the previous year, representing a growth of approximately 155.6%[26] Operational Challenges - The company experienced a foreign exchange loss of HKD 22,992,000 during the year, which contributed to the overall loss reported[6] - The company has undergone a reclassification adjustment resulting in a foreign exchange difference of HKD 5,766,000 during the year[6] - The company plans to implement measures to enhance profitability and operational cash flow, including renegotiating sales terms and controlling employee costs[16] - The group anticipates a challenging operating environment in the coming year due to high interest rates and a sluggish rental market[62] Corporate Governance - The company has adopted the corporate governance code and has complied with all relevant provisions, except for specific deviations noted in the report[81] - All independent non-executive directors have served for over nine years, requiring shareholder approval for their continued appointment[82] - The company is currently seeking a new independent non-executive director to comply with governance code requirements[86] - The company will announce further details regarding the appointment of a new independent non-executive director in due course[86] Legal Matters - The legal proceedings against certain directors were withdrawn by the Hong Kong High Court on August 28, 2024[79] - The indirect non-wholly owned subsidiary, Zhou's Stone, was ordered to pay approximately RMB 21,000,000 due to a lawsuit related to halted construction projects since 2020[80] - The Guangdong Province Zhanjiang Intermediate People's Court will review the case again in March 2024 after the initial judgment was deemed unclear[80] - The company has been seeking legal advice and will keep shareholders and potential investors informed of any significant developments regarding the lawsuit[80] Future Outlook - The group continues to seek potential business partners and new business opportunities to diversify and sustain growth[62] - The group expects that the application of the new guidance will not have a significant impact on its consolidated financial statements[10] - The group does not expect significant effects from the upcoming amendments on its consolidated financial statements[13]

Financial Performance - For the six months ended December 31, 2023, the company reported a revenue of HKD 567,572,000, an increase from HKD 194,552,000 in the same period of 2022, representing a growth of 192.4%[3] - The gross profit for the same period was HKD 18,434,000, compared to HKD 7,250,000 in 2022, indicating a significant increase of 153.5%[3] - The company incurred a pre-tax loss of HKD 69,469,000, compared to a loss of HKD 5,555,000 in the previous year, reflecting a deterioration in performance[9] - The net loss for the period was HKD 59,177,000, which is a substantial increase from HKD 11,019,000 in 2022[9] - The basic and diluted loss per share for the period was HKD 2.47, compared to HKD 0.46 in the previous year, highlighting a significant increase in losses per share[11] - The company reported a comprehensive income of HKD 13,883,000 for the six months ended December 31, 2023, compared to a loss of HKD 22,992,000 in the same period of 2022[19] - The pre-tax loss for the six months ended December 31, 2023, was HKD 58,757,000, compared to a loss of HKD 10,912,000 in the same period of 2022, reflecting a deterioration in financial performance[49] - The loss attributable to the owners of the company for the review period was approximately HKD 58,757,000, compared to a loss of approximately HKD 10,912,000 in the same period last year[79] Cash Flow and Assets - The company's cash and cash equivalents increased to HKD 110,675,000 from HKD 85,665,000, showing a growth of 29.2%[13] - The total assets as of December 31, 2023, were HKD 1,070,283,000, a decrease from HKD 1,103,935,000 as of June 30, 2023[14] - The total cash and cash equivalents at the end of the period increased to HKD 110,675,000, up 39.6% from HKD 79,285,000 in the prior year[21] - The net cash generated from operating activities was HKD 6,254,000, a decrease of 89.2% compared to HKD 57,986,000 in the same period of 2022[19] - The net cash generated from investing activities was HKD 6,178,000, down from HKD 20,435,000 year-on-year[19] - The net cash generated from financing activities was HKD 10,342,000, compared to a net cash used of HKD 68,063,000 in the previous year, indicating a significant improvement[19] - The company’s total equity as of December 31, 2023, was HKD 867,322,000, reflecting a decrease from HKD 1,089,524,000 in the previous year[19] Revenue Breakdown - For the six months ended December 31, 2023, the total revenue was HKD 567,572,000, with contributions from cable and wire manufacturing (HKD 116,998,000), copper trading (HKD 444,970,000), and investment properties (HKD 5,604,000)[29] - The wire and cable business generated revenue of approximately HKD 116,998,000, a 6.4% increase from HKD 109,912,000 in the previous year, driven by recovering demand in the home appliance sector[82] - The copper rod business achieved revenue of approximately HKD 444,970,000, a significant increase of approximately 465.3% from HKD 78,718,000 in the previous year, supported by stable international copper prices[82] - Revenue from rental operations was approximately HKD 5,604,000, a decrease of 5.4% from HKD 5,922,000 in the previous year, representing about 1.0% of total revenue[87] - Revenue from mainland China and Hong Kong surged by approximately 253.2% to about HKD 512,657,000, representing about 90.3% of total revenue[84] Liabilities and Borrowings - The total liabilities decreased to HKD 204,478,000 from HKD 215,780,000, indicating a reduction of 5.2%[14] - The group had trade payables of HKD 83,154,000, up from HKD 55,173,000 as of June 30, 2023[68] - The group raised new borrowings of HKD 99,401,000 during the six months ended December 31, 2023, compared to zero in the same period last year[70] - The financing costs for the six months ended December 31, 2023, amounted to HKD 8,523,000, down from HKD 10,692,000 in the previous year, showing a reduction of approximately 20%[43] Governance and Compliance - The company has adopted the principles of the Corporate Governance Code and complied with all relevant provisions, except for specific deviations noted in the report[109] - The company is currently seeking a new independent non-executive director to comply with the Corporate Governance Code due to the tenure of existing directors exceeding nine years[117] - The company maintains a governance structure where the roles of Chairman and CEO are held by the same individual, Mr. Zhou, which the board believes is in the best interest of the group[118] - The Audit Committee, composed of independent non-executive directors, has reviewed the unaudited interim results for the review period and agreed on the accounting treatment adopted[121] - The company has adopted a standard code of conduct for securities trading, with all directors confirming compliance during the review period[122] Legal Matters - The indirect non-wholly owned subsidiary, Lianjiang Zhou's Stone Co., Ltd., was ordered to pay approximately RMB 21,000,000 due to a lawsuit related to construction costs[103] - The company has been seeking legal advice and will monitor the lawsuit closely, with updates to be provided to shareholders and potential investors as necessary[103] Future Outlook - The company is closely monitoring the economic conditions in Mongolia to adjust its investment strategies accordingly[88] - The company plans to optimize and integrate existing businesses while actively seeking potential partnerships and new business opportunities for sustainable growth[91] - The company has not made any significant investments during the review period and has no plans for major investments or capital assets sales as of the report date[101]

智通财经APP讯，星凯控股(01166)发布截至2023年12月31日止6个月业绩，该集团期内取得营业额5.68亿港元，同比增加191.73%;公司拥有人应占期内亏损5875.7万港元，同比扩大438.46%;每股基本亏损2.47港仙。 公告称，回顾期内铜杆业务的营业额约为4.45亿港元，较去年同期约为7871.8万港元增加约465.3%。国际铜价在回顾期内保持稳定，伦敦金属交易所3个月期铜价于回顾期内维持在约8500美元。铜价在回顾期内维持稳定，加上经济持续改善，铜杆贸易业务经营环境大幅改善。集团因应铜价发展及经营环境的改善，加强发展铜杆业务。 ...

Financial Performance - For the six months ended December 31, 2023, the company reported a revenue of HKD 567,572,000, an increase from HKD 194,552,000 in the same period of 2022, representing a growth of approximately 192.2%[2] - The gross profit for the same period was HKD 18,434,000, compared to HKD 7,250,000 in 2022, indicating a significant increase of 154.5%[2] - The company incurred a loss before tax of HKD 69,469,000, a substantial decline from a loss of HKD 5,555,000 in the previous year[4] - The net loss for the period was HKD 59,177,000, compared to a net loss of HKD 11,019,000 in 2022, reflecting an increase in losses of 436.5%[4] - The total comprehensive income for the period was a loss of HKD 22,350,000, compared to a loss of HKD 19,156,000 in the same period last year[4] - The company reported a basic and diluted loss per share of HKD 2.47, compared to HKD 0.46 in the same period of 2022[4] - The company reported a pre-tax loss of HKD (58,757) thousand for the six months ended December 31, 2023, compared to a loss of HKD (10,912) thousand in the same period last year[60] - The company reported a loss attributable to shareholders of approximately HKD 58,757,000, compared to a loss of HKD 10,912,000 in the same period last year[134] Assets and Liabilities - The company's non-current assets totaled HKD 1,071,327,000 as of December 31, 2023, down from HKD 1,094,772,000 as of June 30, 2023[6] - Current assets increased to HKD 375,657,000 from HKD 352,088,000, showing a growth of approximately 6.5%[6] - The total liabilities amounted to HKD 581,179,000, compared to HKD 558,705,000 in the previous period, indicating an increase of about 4.0%[8] - The company’s total assets as of December 31, 2023, were reported at HKD 1,828,432,000, consistent with the previous year[15] - The company’s accumulated losses reached HKD (1,715,877,000) as of December 31, 2023, indicating ongoing financial challenges[15] - The group’s total borrowings stood at HKD 283,788,000, which are secured[74] - The group's accounts payable as of December 31, 2023, amounted to HKD 83,154,000, compared to HKD 55,173,000 as of June 30, 2023, reflecting an increase of approximately 50.7%[96] Cash Flow - The company reported a net cash inflow from operating activities of HKD 6,254,000 for the six months ended December 31, 2023, compared to HKD 57,986,000 for the same period in 2022, indicating a significant decrease[17] - The group recorded a net cash inflow from investing activities of HKD 6,178,000, down from HKD 20,435,000 in the prior year, highlighting reduced investment returns[17] - Financing activities resulted in a net cash inflow of HKD 10,342,000, a recovery from a net cash outflow of HKD (68,063,000) in the previous period[17] - The company's cash and cash equivalents increased by HKD 22,774,000, compared to an increase of HKD 10,358,000 in the same period last year[17] - As of December 31, 2023, the company had cash and cash equivalents totaling HKD 110,675,000, up from HKD 79,285,000 at the end of the previous year[17] - The group raised new borrowings of HKD 99,401,000 for additional working capital and repaid HKD 82,830,000 during the six months ending December 31, 2023, compared to zero new borrowings and HKD 56,169,000 repayments in the same period of 2022[74] Segment Performance - The group has three reportable segments, including cable and wire manufacturing and trading, and has not conducted any business activities in its mining segment since acquisition[47] - The copper rod business generated revenue of approximately HKD 444,970,000, a significant increase of about 465.3% from HKD 78,718,000 in the previous year[109] - The group's wire and cable business revenue was approximately HKD 116,998,000, an increase of about 6.4% from HKD 109,912,000 in the previous year[108] - Revenue from the Chinese market was HKD 505,712 thousand, a substantial increase from HKD 133,303 thousand in the previous year[55] - Revenue from the China and Hong Kong business surged by approximately 253.2% to about HKD 512,657,000, representing approximately 90.3% of total revenue[136] Governance and Compliance - The company has adopted the corporate governance code and complied with all relevant provisions, except for specific deviations outlined in the document[156] - The independent non-executive director has served for over nine years and was re-elected at the 2022 annual general meeting[158] - The company is currently seeking a new independent non-executive director to meet regulatory requirements[159] - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of the company[160] - The audit committee has reviewed the unaudited interim results for the review period and agreed with the accounting treatment adopted[161] Future Outlook - The group anticipates a challenging operating environment for wires and cables in the coming year due to high foreign interest rates and uncertainties from the U.S. presidential election[113] - The group plans to adjust its sales strategy and resources to mitigate uncertainties arising from domestic economic conditions, the war, and high interest rates[113] - The group is reviewing the new Investment Law in Mongolia to assess its potential benefits for investments in the country[111] - The company continues to focus on optimizing and integrating existing businesses while exploring potential partnerships and new business opportunities for sustainable growth[145] - The construction of the modern factory in Dongguan is nearing completion, with efforts to finalize the project and review land resource allocation to enhance revenue and shareholder returns[143] Legal and Regulatory Matters - The company is currently appealing a court decision requiring it to pay approximately RMB 21,000,000 related to a construction project, which may impact future financial performance[12] - The indirect non-wholly owned subsidiary, Lianjiang Zhou's Stone Co., Ltd., has suspended its land development project due to the stone industry outlook and previous pandemic issues, resulting in a court ruling on July 5, 2023, requiring compensation of approximately RMB 21,000,000[112] - The company has been seeking legal advice and will keep shareholders informed of any significant developments regarding ongoing litigation[165] Taxation - The group did not recognize any tax provision for Hong Kong profits tax for the six months ending December 31, 2023, due to tax losses offsetting taxable profits[82] - The group’s tax expense for the six months ended December 31, 2023, included a deferred tax expense of HKD (10,292,000), compared to a deferred tax income of HKD 5,464,000 for the same period in 2022[38]

Financial Performance - The company reported a loss of HKD 176,759,000 for the year, with property, plant, and equipment valued at HKD 17,709,000 and right-of-use assets at HKD 8,414,000 prior to impairment assessment [35]. - The company reported a comprehensive loss of HKD 200,138 thousand for the year ended June 30, 2023, compared to a loss of HKD 110,921 thousand in the previous year, indicating an increase in losses of approximately 80% [56]. - Basic and diluted earnings per share for the year were HKD (0.074), a decline from HKD (0.043) in the prior year, reflecting a worsening financial performance [56]. - The company reported a loss of HKD 176,246,000 for the year, reflecting a significant decrease in overall income [61]. - The overall comprehensive income for the year was reported at HKD (200,525,000), reflecting the losses incurred [61]. - For the fiscal year ending June 30, 2023, the company reported a pre-tax loss of HKD 164,198,000, compared to a pre-tax loss of HKD 112,639,000 for the previous year, indicating a significant decline in performance [147]. - The company recorded a loss of HKD 40,187,000 in the reportable segments, a decrease from a profit of HKD 13,245,000 in the previous year, highlighting a shift in operational efficiency [147]. - The company reported a significant impairment loss on intangible assets of HKD 92,044,000 for the year, compared to HKD 70,769,000 in the previous year, indicating challenges in asset valuation [147]. Assets and Liabilities - The total assets of the company as of June 30, 2023, amounted to HKD 1,446,860,000, down from HKD 1,692,464,000 in the previous year, reflecting a decrease in overall asset value [147]. - The company’s reportable segment assets totaled HKD 1,023,007,000 as of June 30, 2023, a decrease from HKD 1,151,491,000 in the previous year, suggesting a contraction in business operations [147]. - The company’s liabilities totaled HKD 558,705,000 as of June 30, 2023, down from HKD 603,784,000 in the previous year, indicating a reduction in financial obligations [147]. - As of June 30, 2023, total equity amounted to HKD 888,155,000, with accumulated losses of HKD 1,657,120,000 [61]. Revenue and Segments - Total external customer revenue for the cable and wire segment was HKD 205,120 thousand, with a loss of HKD 38,687 thousand, while the copper rod segment generated HKD 157,084 thousand with a loss of HKD 10,157 thousand, leading to a total revenue of HKD 374,316 thousand and an overall loss of HKD 40,187 thousand [111]. - The group's customer contract revenue from product sales decreased to HKD 362,204 thousand in 2023 from HKD 458,085 thousand in 2022, while rental income from other sources was HKD 12,112 thousand, down from HKD 13,436 thousand [131]. Compliance and Governance - The company has maintained a zero-tolerance policy towards child labor and forced labor, ensuring a safe and comfortable working environment for employees [5]. - There were no violations of employment laws or regulations reported during the year, nor any labor disputes [11]. - The company has not received any reports of intellectual property infringement during the reporting period [25]. - The company’s management is responsible for ensuring the financial statements are free from material misstatement due to fraud or error, highlighting the importance of internal controls [45]. - The company’s audit committee assists the board in overseeing the financial reporting process, ensuring compliance with accounting standards [46]. - The company’s financial report was approved and authorized for publication by the board of directors on September 29, 2023 [59]. Employee and Training - The employee turnover rate for males was 18% and for females was 15% in 2023, showing a slight increase compared to 2022 [9]. - The company encourages employee participation in external training programs, with a focus on enhancing technical, management, and professional skills [14]. Risk Management - The group has no significant concentration of credit risk, with risks diversified across multiple counterparties and customers [164]. - The group has no foreign currency hedging policy but closely monitors foreign exchange risks [160]. - The group’s financial risk management includes monitoring interest rate risks associated with floating-rate borrowings [184]. - The group’s equity price risk is managed through daily monitoring of individual securities against market indices [192]. Environmental and Community Engagement - The company has prioritized local suppliers to support community development and encourages employees to engage in environmental protection activities [28]. - The group has achieved ISO 9001:2015 certification, ensuring products meet strict quality control standards [199]. - The group invests in high-end production technology to enhance quality and safety, maintaining a competitive advantage [199].