BoardWare Intelligence Technology Limited 博維智慧科技有限公司 BoardWare Intelligence Technology Limited （於開曼群島註冊成立的有限公司） (incorporated in the Cayman Islands with limited liability) Stock code 股份代號 : 1204 ANNUAL REPORT 2024 年報 BoardWare Intelligence Technology Limited 博維智慧科技有限公司 BoardWare Intelligence Technology Limited （於開曼群島註冊成立的有限公司） (incorporated in the Cayman Islands with limited liability) Stock code 股份代號 : 1204 BoardWare Intelligence Technology Limited 博維智慧科技有限公司 ANNUA L R E P O RT 2024 年報 CONTENTS | | 目錄 | | ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因本公告全部或任何部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。 BoardWare Intelligence Technology Limited 博維智慧科技有限公司 （股份代號：1204） （於開曼群島註冊成立的有限公司） 截 至2024年12月31日止年度的 年度業績公告 財務摘要 本集團的收益由2023年財年約717.6百萬港元減少至2024年財年約648.0百萬港 元，較2023年財年減少約9.7%。 本集團的毛利由2023年財年約115.6百萬港元增加至2024年財年約124.8百萬港 元，較2023年財年增加約8.0%。 年內溢利由2023年財年約4.5百萬港元減少至2024年財年約1.0百 萬 港 元，較 2023年財年減少約77.8%。 本集團的純利率由2023年財年約0.6%減少至2024年財年約0.1%，較2023 ...

BoardWare Intelligence Technology Limited 博維智慧科技有限公司 BoardWare Intelligence Technology Limited （於開曼群島註冊成立的有限公司） (incorporated in the Cayman Islands with limited liability) Stock code 股份代號 : 1204 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------|--------------------------------|---------------------------------------------|-----------|-------| | | | | | | | | | | CONTENTS CONTENTS | 目錄 目錄 | | | | | | | | 2–4 | | | Corpor ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 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。 BoardWare Intelligence Technology Limited 博維智慧科技有限公司 （股份代號：1204） （於開曼群島註冊成立的有限公司） 截 至2024年6月30日止六個月的 未經審核中期業績公告 | --- | |-----------------------------------------------------------------------------------------------------------------------------| | | | 財務摘要 | | 2024 年財政期間的收益由約 394.1 百萬港元減少至約 318.1 百 萬 港 元，較 財政期間減少約 76.0 百萬港元或 19.3% 。 | | 2024 年 ...

USE OF PROCEEDS During the second half of FY2023, the usage of the Net Proceeds was slightly higher than the intended usage as disclosed in the interim report published by the Company on 20 September 2023, mainly due to the acceleration of the hiring of staff for the expansion of business in the PRC and strategic investments in relation to Barco. 股息 扣除包銷費及佣金以及本公司承擔的其他上市開 支後，上市所得款項淨額約為93.0百萬港元。於 2023年12月31日，董事並不知悉招股章程「未來 計劃及所得款項用途」一節所載的所得款項計劃 用途有任何重大變動。本公司將根據招股章程 「未來計劃及所得款項用途」一節所載的所得款項 淨額擬定用途使用於全球發售籌集的所得款項淨 ...

本集團收益由2022年財年的約580.8百萬港元增加約136.8百萬港元或23.6%至2023 年財年的約717.6百 萬 港 元。增 加 是 由 於 企 業IT解決方案業務所得的收益增加約 116.6百萬港元及分銷及轉售業務所得的收益增加約27.7百萬港元之綜合影響 所 致。有 關 收 益 變 動 的 解 釋，請 參 閱 本 公 告「業 務 回 顧」一 節。 銷售及服務成本 本集團銷售及服務成本由2022年財年的約480.5百萬港元增加約121.4百萬港元 或25.3%至2023年財年的約601.9百 萬 港 元。2023年財年銷售及服務成本增幅大於 收 益 增 幅，主 要 原 因 為 來 自 中 國 重 大 金 額 的 合 約 的 毛 利 率 較 低。兩 個 期 間 的 銷 售 及 服 務 成 本 組 成 並 無 重 大 變 動。 毛利及毛利率 本集團毛利由2022年財年的約100.4百萬港元增加約15.2百萬港元或15.1%至2023 年財年的約115.6百 萬 港 元，是 由 於 企 業IT解決方案和分銷及轉售錄得的收益均 增 加。然 而，本 集 團 毛 利 率 由2022年財年的17.3%下降至20 ...

Financial Performance - Revenue for the six months ended 30 June 2023 was HK$394,144 thousand, a significant increase from HK$247,015 thousand in the same period in 2022[191] - Gross profit for the six months ended 30 June 2023 was HK$51,153 thousand, compared to HK$49,112 thousand in the same period in 2022[191] - Operating profit for the six months ended 30 June 2023 was HK$2,010 thousand, a decrease from HK$11,005 thousand in the same period in 2022[191] - Net finance income for the six months ended 30 June 2023 was HK$727 thousand, compared to a net finance cost of HK$1,258 thousand in the same period in 2022[191] - Profit before income tax for the six months ended 30 June 2023 was HK$2,737 thousand, down from HK$9,747 thousand in the same period in 2022[191] - Profit for the period ended 30 June 2023 was HK$1,238 thousand, a decrease from HK$7,136 thousand in the same period in 2022[191] - Basic earnings per share for the six months ended 30 June 2023 were HK$0.25, down from HK$2.06 in the same period in 2022[191] - Diluted earnings per share for the six months ended 30 June 2023 were HK$0.25, down from HK$2.03 in the same period in 2022[191] Bank Deposits and Facilities - Bank deposits restricted for securing banking facilities increased to HK$53.9 million as of 30 June 2023, up from HK$53.3 million as of 31 December 2022[189]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 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。 截 至2023年6月30日止六個月的 未經審核中期業績公告 負債總額 180,399 242,037 總權益及負債 512,764 573,060 * 少 於1,000港 元 – 5 – – 1 – 博 維 智 慧 科 技 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至2023年6月30日 止 六 個 月（「2023年財政期間」） 的 未 經 審 核 簡 明 綜 合 中 期 業 績，連 同2022年 同 期（「2022年財政期間」）的 比 較 數 字 如 下： 簡明綜合損益表 期內溢利 1,238 7,136 本 公 司 為 投 資 控 股 公 司，其 附 屬 公 司 主 要 於 澳 門、香 ...

Revenue Performance - Revenue from distribution and resale increased from HK$139.3 million in FY2021 to HK$223.3 million in FY2022, driven by large resale orders in China and fulfillment of outstanding wireless LAN product orders in Hong Kong[4] - Enterprise IT solutions revenue decreased from HK$395.0 million in FY2021 to HK$357.5 million in FY2022, primarily due to reduced professional IT services and IT equipment leasing revenues, partially offset by a HK$5.6 million increase in managed services[2] - Total revenue increased by approximately HK$46.5 million or 8.7% to HK$580.8 million in FY2022, driven by an HK$84.0 million increase in distribution and resale business revenue, offset by an HK$37.5 million decrease in Enterprise IT solutions revenue[36] - Revenue from the PRC surged from HK$0.2 million in FY2021 to HK$41.1 million in FY2022, reflecting the company's successful expansion in the region[33] - Revenue increased by 8.7% from HKD 534.3 million in FY2021 to HKD 580.8 million in FY2022[54] - Revenue increased from approximately HK$534.3 million in FY2021 to approximately HK$580.8 million in FY2022, representing an 8.7% increase[127] - Revenue from the PRC increased significantly from approximately HK$0.2 million in FY2021 to approximately HK$41.1 million in FY2022, demonstrating the company's successful expansion in the Greater Bay Area[135] - Revenue from Enterprise IT solutions decreased from HK$395.0 million in FY2021 to HK$357.5 million in FY2022, driven by a decrease in Professional IT services and IT equipment leasing revenues[181] - Distribution and resale revenue increased from HK$139.3 million in FY2021 to HK$223.3 million in FY2022, due to larger resale orders in China and fulfillment of outstanding orders in Hong Kong[185] - Revenue from China increased significantly from HK$0.2 million in FY2021 to HK$41.1 million in FY2022, reflecting the company's expansion in the Chinese market[183] R&D and Innovation - R&D expenses increased by HK$6.7 million in FY2022, mainly for new AIoT and BCI teams in China focusing on metaverse-related technologies like 3D reconstruction, haptic feedback, and iris recognition[8] - The company established AIoT and BCI teams in China in 2022, with 57 R&D employees as of December 2022, and expects further growth in R&D headcount in FY2023[21] - BCI technology is being developed for applications in healthcare, smart automobiles, smart homes, and wearable devices, with potential integration into the company's existing IT solutions[21] - The non-invasive BCI headband, a closed-loop control system, is being applied in medical rehabilitation, AIoT, and the metaverse industry, enhancing user interaction experiences[46] - The company tested metaverse-related technologies in various scenarios, including exhibitions, education, entertainment, and cultural tours, leveraging its "Metaverse Public Cloud Platform Space"[23] - R&D expenses increased by HKD 6.7 million, primarily due to the establishment of new AIoT and BCI teams in China[51] - The company developed an experimental BCI headset, aiming to commercialize it when the technology and operational environment mature[47] - The company developed an experimental BCI headband, a non-invasive brain-computer interface product, with plans to commercialize it once the technology and operating environment mature[149] - The company made progress in R&D for BCI technology, which is expected to become a future profit driver, particularly in the metaverse industry[150] - The company established an AIoT and BCI team in FY2022, focusing on brain-computer interaction and sensory-induced EEG signal acquisition technologies, with 57 R&D employees in China as of December 2022[162] - The company is developing a "Metaverse Public Cloud Platform Space" using self-developed 3D reconstruction and AI rendering algorithms, aiming to enhance user interaction in the metaverse[172] - The company's non-invasive BCI headband, a closed-loop control system, is being developed for applications in medical rehabilitation, AIoT, and the metaverse industry[173] Financial Position and Expenses - Other income and net gains increased by HK$3.6 million (289.5%) to HK$4.8 million in FY2022, primarily due to COVID-19 related subsidies in Hong Kong and rental subventions in China[6] - Cash and cash equivalents increased significantly to HK$105.5 million as of December 31, 2022, compared to HK$14.5 million in the previous year[14] - The company's gearing ratio decreased to 0% as of December 31, 2022, from 18.6% in the previous year[14] - Profit for the year decreased by HK$20.8 million (86.7%) to HK$3.2 million in FY2022, primarily due to reduced pre-tax profit[13] - Sales and distribution expenses increased by HK$5.5 million (8.9%) to HK$67.2 million in FY2022, mainly due to increased entertainment, travel, and depreciation costs[10] - Income tax expense decreased by HK$2.6 million (43.3%) to HK$3.4 million in FY2022, with an effective tax rate of 51.3%[13] - The company maintained a conservative treasury policy, focusing on credit risk assessment and maintaining adequate cash levels for operations[13] - Gross profit decreased by HK$11.7 million or 10.4% to HK$100.4 million in FY2022, primarily due to lower gross profit margin projects and increased contribution from lower-margin distribution and resale business[36] - Selling and distribution expenses increased by HK$5.9 million or 31.5% to HK$24.6 million in FY2022, driven by expanded sales and marketing teams and increased sponsorship activities[38] - Net financing costs decreased by 41.2% from HKD 1.7 million in FY2021 to HKD 1.0 million in FY2022[57] - Total staff costs increased from HKD 72.7 million in FY2021 to HKD 90.2 million in FY2022, with the number of employees rising from 189 to 249[63] - General and administrative expenses increased by HK$5.5 million (8.9%) to HK$67.2 million in FY2022, primarily due to higher entertainment, travel, and legal expenses related to the company's listing[188] - Sales and distribution expenses increased by HK$5.9 million or 31.5% to HK$24.6 million in FY2022, driven by expanded sales and marketing teams and increased sponsorship activities in Hong Kong and China[190] - Net finance costs decreased by HK$0.7 million or 41.2% to HK$1.0 million in FY2022, primarily due to increased finance income from bank deposits[193] - The Group had no borrowings as of 31 December 2022, compared to HK$31.5 million in 2021, with total lease liabilities of HK$12.2 million (2021: HK$10.1 million)[195] - The Group did not engage in any hedging activities using financial instruments for foreign exchange risk management during FY2022 and FY2021[197] Market Expansion and Strategic Initiatives - The company expects strong demand for Enterprise IT services in 2023, supported by cybersecurity awareness and supportive policies in Macau, Hong Kong, and the Greater Bay Area[33] - The company successfully listed on the Main Board of the Stock Exchange on 15 July 2022, issuing 125,000,000 ordinary shares at HKD 1.08 per share[49][59] - The company plans to leverage its competitive advantages to maintain its leading position in Macau and explore opportunities in Hong Kong and the Greater Bay Area[52] - The company successfully listed on the Main Board of the Stock Exchange on July 15, 2022, marking a significant milestone in its development[136] - The company expects to benefit from the increasing demand for IT solutions in Macau due to the new 10-year gaming operator license finalized in December 2022, which requires operators to invest in non-gaming industries[140] - The company's subsidiary in Hengqin is well-positioned to explore market opportunities due to the city's focus on developing tourism, leisure, healthcare, and high-tech industries, along with preferential tax treatments[153] - The company's distribution and resale business segment saw an increase in orders, contributing to revenue growth in FY2022 despite the ongoing impact of the COVID-19 pandemic[154] - The company plans to extend its service scope by leveraging its technical expertise in Macau and expanding its enterprise IT solution business in Hong Kong and the Greater Bay Area[143] - The development of 5G networks and IoT in Macau, supported by government policies, is expected to drive demand for IT solutions in the coming years[146] - The company's revenue growth in the PRC reflects a strategic shift to reduce reliance on the Macau market, with significant progress achieved in FY2022[135] - The company expects increased demand for IT solutions in Macau's "Big Health" industry, modern financial services, high technology, and conferences/exhibitions sectors due to the government's "1+4" diversification strategy[167] - The company plans to expand its service scope in Hong Kong and the Greater Bay Area, leveraging its existing distribution business and IT maintenance services[167] - The company is exploring fundraising opportunities from market investors and financial institutions in China to support its R&D efforts[162] Use of Proceeds and Capital Allocation - Net proceeds from the listing amounted to HKD 93.0 million, with no material changes to the planned use of proceeds as disclosed in the prospectus[67][70] - The Group allocated 43.8% of the net proceeds to capturing business opportunities in the Greater Bay Area, with HK$33.2 million utilized out of the planned HK$40.7 million[93] - 30.4% of the net proceeds were allocated to upfront costs of two Enterprise IT solution projects, with HK$28.3 million fully utilized[93] - 15.8% of the net proceeds were allocated to strengthening product development capabilities, with HK$10.2 million utilized out of the planned HK$14.7 million[93] - 10.0% of the net proceeds were allocated to general working capital, with HK$7.0 million utilized out of the planned HK$9.3 million[93] - The Group had no capital commitments as of 31 December 2022, compared to approximately HK$0.9 million as of 31 December 2021[87] - The Group has no other updates on the use of net proceeds beyond the disclosed allocations as of the date of the annual report[94] Leadership and Governance - Mr. Chao Ka Chon, Chairman and CEO, has over 18 years of experience in the IT industry, including roles at HKBN JOS (Macau) Limited and Noveland Textiles Limited[81][82] - Ms. Chiu Koon Chi, Executive Director, has over 15 years of experience in marketing, including roles at IDT Telecom Asia Pacific Limited and Noveland Textiles Limited[84] Risk Management and Contingencies - No significant contingent liabilities were reported as of 31 December 2022 and 31 December 2021[64] - The company did not pledge any non-financial assets as of 31 December 2022, with restricted bank deposits of HKD 53,317,000[67] - The majority of the Group's monetary assets and liabilities are denominated in HK$, MOP, and US$, with minimal foreign exchange risk due to currency pegs[86] COVID-19 Impact - The company faced adverse economic impacts due to the COVID-19 pandemic in Macau, Hong Kong, and the PRC, yet still achieved revenue growth[127] - The company's distribution and resale business segment saw an increase in orders, contributing to revenue growth in FY2022 despite the ongoing impact of the COVID-19 pandemic[154]

於2022年財年及2021年 財 年，並 無 向 中 國 附 屬 公 司 擁 有 人 派 發 的 未 匯 出 盈 利 須 繳 納5%的 預 扣 稅。並 無 就 未 匯 出 盈 利 計 提 遞 延 所 得 稅 負 債。 – 12 – (a) 每股基本盈利 計 算 每 股 攤 薄 盈 利 時，假 設 所 有 潛 在 攤 薄 股 份 均 已 轉 換，並 對 股 東 應 佔 溢 利 及 發 行 在 外 普 通 股 的 加 權 平 均 數 作 出 調 整。 貿 易 應 收 款 項 屬 短 期 性 質，故 其 賬 面 值 與 公 平 值 相 約。 本 集 團 一 般 授 予 貿 易 應 收 款 項 一 至 三 個 月 的 信 貸 期。於 各 報 告 期 末 按 發 票 日 期 劃 分 的 貿 貿 易 應 付 款 項 主 要 指 存 貨 應 付 款 項。於 各 報 告 期 末 按 發 票 日 期 劃 分 的 貿 易 應 付 款 項 賬 齡 分 析 如 下： – 14 – 每股面值0.01港元之普通股 於2021年12月31日 及2022年1月1日 38,000 380 年內增加 (d) 9,962,000 99,620 附 ...