PC PARTNER(01263)

Search documents
栢能集团建议将于新加坡交易所的第二上市地位改为主要上市地位
Zhi Tong Cai Jing· 2025-08-08 13:59
此外,根据公司于2025年5月16日就建议转换向新加坡交易所提出豁免遵守新交所自由流通量规定的申 请,新加坡交易所已于2025年6月4日授予公司遵守新交所自由流通量规定的豁免,宽限期自转换日期起 计为期九个月。 栢能集团(01263)发布公告,根据公司向新加坡交易所提出将其于新加坡交易所的第二上市地位改为主 要上市地位的申请,新加坡交易所已于2025年8月8日原则上批准建议转换,但须符合本公布所载的若干 条件。建议转换将自2025年8月20日起生效,届时公司将于港交所及新加坡交易所拥有双重主要上市地 位。 ...
栢能集团(01263) - 内幕消息建议将於新加坡交易所之第二上市地位改為主要上市地位
2025-08-08 13:51
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佈的內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公佈全部或任何 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。 本公佈僅供參考,並不構成收購、購買或認購本公司任何證券的邀請或要約。 ® PC PARTNER GROUP LIMITED 栢能集團有限公司 * (於開曼群島註冊成立之有限公司) (港交所股份代號:1263) (新加坡交易所股票代碼:PCT) 建議將於新加坡交易所之第二上市地位改為主要上市地位 董事會謹此宣佈,根據本公司向新加坡交易所提出將其於新加坡交易所之第二上 市地位改為主要上市地位之申請,新加坡交易所已於二零二五年八月八日原則上 批准建議轉換,惟須符合本公佈下文所載之若干條件。建議轉換將自二零二五年 八月二十日起生效,屆時本公司將於港交所及新加坡交易所擁有雙重主要上市地 位。 董事會同時謹此宣佈,根據本公司於二零二五年五月十六日就建議轉換向新加坡 交易所提出豁免遵守新交所自由流通量規定之申請,新加坡交易所已於二零二五 年六月四日授予本公司遵守新交所自由流通量規定之豁免,寬限期自轉換日期起 計為期九 ...
栢能集团(01263) - 董事会会议延期举行
2025-08-07 10:48
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佈的內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公佈的全部或任 何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 ® PC PARTNER GROUP LIMITED 栢能集團有限公司 * (於開曼群島註冊成立之有限公司) (港交所股份代號:1263) (新加坡交易所股票代碼:PCT) 董事會會議延期舉行 茲提述栢能集團有限公司(「本公司」)日期為二零二五年八月六日之公佈(「該公 佈」),內容有關建議於二零二五年八月十四日(星期四)舉行本公司董事(「董事」)會 (「董事會」)會議(「董事會會議」)之通知,舉行董事會會議旨在(其中包括)審批本公 司及其附屬公司截至二零二五年六月三十日止六個月之中期業績(「中期業績」)及其 刊發,以及考慮派發中期股息(如有)。 董事會謹此宣佈,由於需要額外時間落實將載於中期業績公佈之若干資料,故董事 會會議由二零二五年八月十四日(星期四)延後至二零二五年八月十九日(星期二)舉 行,該公佈所載之議程則維持不變。 承董事會命 栢能集團有限公司* 主席 王錫豪 香港,二零二五年八月七日 於 ...
栢能集团(01263) - 董事会会议日期
2025-08-06 09:18
栢能集團有限公司(「本公司」)之董事會(「董事會」)謹此宣佈,本公司將於二零二五 年八月十四日(星期四)舉行董事會會議,藉以(其中包括)審批本公司及其附屬公司 截至二零二五年六月三十日止之中期業績及其刊發,以及考慮派發中期股息(如 有)。 承董事會命 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佈的內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示概不會對本公佈的全部或任何 部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 ® PC PARTNER GROUP LIMITED 栢能集團有限公司 * (於開曼群島註冊成立之有限公司) (港交所股份代號:1263) (新加坡交易所股票代碼:PCT) 董事會會議日期 栢能集團有限公司* 主席 王錫豪 香港,二零二五年八月六日 於本公佈日期,執行董事為王錫豪先生、王芳柏先生、梁華根先生、何乃立先生及 文偉洪先生;非執行董事為何黃美德女士;而獨立非執行董事為陳艷女士、蔡思勄 先生、吳成偉先生、江治強先生、關秀英女士、LOW Teck Seng教授及張俊偉先 生。 * 僅供識別 ...
栢能集团(01263) - 股份发行人及根据《上市规则》第十九B 章上市的香港预托证券发行人的证券变...
2025-08-01 08:40
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: 栢能集團有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 FF301 III.已發行股份及/或庫存股份變動詳情 | 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) | 01263 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | 本月底法 ...
英伟达RTX 50系列需求爆发 栢能集团(01263)或成核心受益标的
智通财经网· 2025-05-15 06:54
Core Viewpoint - Nvidia's new GeForce RTX 50 series graphics cards are experiencing high demand, significantly exceeding supply, with retail prices up to 50% above the official suggested price [1] Group 1: Nvidia and RTX 50 Series - The RTX 5090 graphics card is currently priced over $3000 in the market, maintaining a high premium [1] - The RTX 5090 and RTX 5080 feature significant technical improvements over the previous generation, including the latest Ada Lovelace architecture, enhanced graphics processing capabilities, and support for ultra-high resolutions [1] - The VRAM for the RTX 5090 has been increased to 24GB, enhancing gaming graphics and performance [1] Group 2: Company Performance and Market Outlook - According to GF Securities, the shipment volume of the RTX 50 series is expected to reach 35-40 million units by 2025, representing a growth of over 30% compared to the previous RTX 40 series [2] - Biostar Group, a major GPU manufacturer, reported a revenue of 10.082 billion yuan for 2024, a 10% increase year-on-year, with a net profit of 262 million yuan, up 331% [2] - The strong demand for new graphics cards and reduced promotional expenses contributed to improved gross margins for Biostar Group [2] Group 3: Profitability and Valuation - If the RTX 5090 accounts for 5% of the RTX 50 series shipments, Biostar Group could see a net profit contribution of approximately 512 million HKD from this product alone, nearly doubling its 2024 net profit [3] - Biostar Group has recently partnered with Supermicro and is entering the Chinese cloud service supply chain, which may provide new growth opportunities [3] - The company's stock is currently trading at a PE ratio of only 4 times for 2025, significantly lower than competitors like Asus (12 times) and MSI (13 times), indicating substantial valuation recovery potential [3]
栢能集团(01263) - 2024 - 年度财报
2025-03-28 09:28
Financial Performance - The company reported a sales revenue growth despite challenging economic conditions, with a strong rebound in profitability[18]. - The company recorded a revenue increase of HKD 914.7 million, representing a growth of 10.0%, from HKD 9,167.2 million in FY2023 to HKD 10,081.9 million in FY2024, driven by strong demand for graphics cards following the launch of NVIDIA's "SUPER" series GPUs[29]. - The company's net profit margin improved significantly from 0.7% in FY2023 to 2.6% in FY2024, attributed to the strong demand for new graphics cards and lower advertising expenses[30]. - Gross profit for FY2024 was HKD 955.5 million, an increase of HKD 254.8 million or 36.4% from FY2023, with a gross margin of 9.5% compared to 7.6% in FY2023[66]. - Net profit attributable to shareholders for FY2024 was HKD 262.1 million, compared to HKD 60.8 million in FY2023, driven by improved gross margins offsetting increased expenses[74]. Product Development and Innovation - The new generation Blackwell GPU is set to launch in January 2025, expected to enhance gaming performance and attract significant market demand[20]. - New product lines introduced include laptops, medical-grade computers, and a GPU server line for AI and machine learning applications[20]. - The company is committed to innovation and product development, investing in operational excellence to increase shareholder returns[20]. - The company must continuously innovate and adapt to rapid technological changes to remain competitive in the electronics manufacturing industry[47]. Market Expansion and Strategy - The company has successfully implemented a "China +1" strategy, relocating its headquarters to Singapore and listing on the Singapore Exchange[18]. - The company aims to explore new global business opportunities through its expansion into Southeast Asia[18]. - The company has strategically relocated its headquarters to Singapore and established a new manufacturing facility in Indonesia, expanding its footprint in Southeast Asia[28]. - The company is exploring new global opportunities and expanding its market presence, particularly in the gaming sector, driven by increasing demand for high-performance graphics cards[26]. Supply Chain and Procurement Risks - The company relies heavily on NVIDIA as its main GPU supplier, with approximately 67.9% of total procurement coming from NVIDIA, posing a concentration risk[33]. - The company faces potential risks if NVIDIA reallocates resources to AI-related products, which could lead to delays or shortages in obtaining GPUs necessary for manufacturing graphics cards[34]. - Disruptions to manufacturing facilities and production processes, due to geopolitical tensions or supply chain issues, could significantly impact the company's capacity and reputation[41]. - Trade tariffs and export restrictions may pose significant risks to the company's business operations and financial performance[45]. Financial Position and Liquidity - The balance sheet remains robust, with improving liquidity[18]. - The company has maintained strong cash inflows and a solid financial position, gradually improving its working capital[30]. - Current assets decreased by 8.4% from HKD 4,627.9 million to HKD 4,238.9 million, primarily due to a reduction in inventory and cash[79]. - Cash and bank balances decreased by 6.3% from HKD 2,491.2 million to HKD 2,334.0 million, primarily due to increased cash usage for procurement and financing[83]. Governance and Corporate Structure - The board has seen new appointments, enhancing governance and oversight[7]. - The company is committed to maintaining a robust corporate governance framework to create long-term value for stakeholders while considering sustainability factors in its business development strategy[113]. - The company has established a two-tier governance structure, including a board of directors and an ESG working team, to oversee ESG strategies and ensure effective management and internal control systems[116]. Environmental, Social, and Governance (ESG) Initiatives - The company aims to improve data collection and reporting systems in environmental management, social responsibility, and governance, gradually expanding the scope of disclosures[117]. - The company has identified 21 key ESG issues impacting its operations and stakeholders, including environmental compliance and greenhouse gas emissions management[126]. - The company has implemented a series of environmental protection measures aimed at reducing energy and water consumption, carbon emissions, and waste disposal[131]. - The company actively engages in community support and charitable activities, contributing to local employment and development[126]. Employee Welfare and Training - The company is committed to providing competitive compensation and career development paths for employees, ensuring their rights and welfare[122]. - Approximately 82.45% of employees received training during the reporting period, with each employee completing an average of 12.68 hours of training[170]. - The company emphasizes open communication with employees and has established a framework to handle complaints and prevent retaliation[167]. - The company achieved a 0% fatality rate due to work-related incidents over the past three years, with five recorded work injuries during the reporting period, resulting in a total of 463 lost workdays[169]. Community Engagement and Support - The company donated approximately HKD 7,000 to support local communities during the reporting period[193]. - The company aims to continue supporting community and environmental projects that align with its mission and values in the coming years[194].
栢能集团(01263) - 2024 - 年度业绩
2025-02-28 11:59
Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of HKD 10,081.9 million, representing a 10.0% increase from HKD 9,167.2 million in 2023[4] - Gross profit for the same period was HKD 955.5 million, a significant increase of 36.4% compared to HKD 700.7 million in the previous year, resulting in a gross margin of 9.5%[4] - The net profit attributable to shareholders surged to HKD 262.1 million, marking a 331.1% increase from HKD 60.8 million in 2023, with a net profit margin of 2.6%[4] - The company reported total comprehensive income of HKD 242.9 million for the year, compared to HKD 58.5 million in 2023[6] - Basic and diluted earnings per share rose to HKD 0.68, up from HKD 0.16 in the previous year, reflecting strong profitability growth[8] Revenue Breakdown - Revenue from the design, manufacturing, and trading of electronic and personal computer parts reached HKD 10,081,957 thousand in 2024, up from HKD 9,167,215 thousand in 2023, representing an increase of 9.9%[21] - Revenue from the Asia-Pacific region increased to HKD 4,355,025 thousand in 2024, compared to HKD 3,274,159 thousand in 2023, reflecting a growth of 33%[23] - The sales of graphics cards accounted for HKD 8,481,820 thousand in 2024, up from HKD 7,266,157 thousand in 2023, marking a growth of 16.7%[23] - Sales in the graphics card segment rose from HKD 7,266.1 million in FY2023 to HKD 8,481.8 million in FY2024, an increase of 16.7%[93] - Sales of self-branded graphics cards grew from HKD 5,661.2 million in FY2023 to HKD 6,318.1 million in FY2024, marking an 11.6% increase, primarily due to higher sales volume in the Chinese market[93] Asset and Liability Management - Non-current assets increased to HKD 776.3 million from HKD 667.5 million in the previous year, driven by investments in property, plant, and equipment[10] - Current assets decreased to HKD 4,238.9 million from HKD 4,627.9 million, primarily due to a reduction in inventory levels[10] - Total liabilities decreased to HKD 2,073.9 million from HKD 2,452.1 million, reflecting improved management of trade and other payables[10] - The company's net assets increased to HKD 2,862.0 million from HKD 2,774.2 million, indicating a solid financial position[11] - Trade payables decreased from HKD 1,046.9 million to HKD 816.2 million, a reduction of 22.0%, due to decreased procurement of raw materials[125] Investment and Expansion - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[13] - The company has strategically relocated its headquarters to Singapore and established a new manufacturing facility in Indonesia, expanding its footprint in Southeast Asia[60] - The company invested a total of HKD 123.3 million to establish a headquarters in Singapore and for capital expenditures related to a new manufacturing facility in Indonesia[62] - The establishment of a new production facility in Indonesia aims to improve flexibility in response to trade restrictions and tariffs, allowing the company to seize new business opportunities[91] Cost Management - The total cost of sales was HKD 9,126,471 thousand in 2024, compared to HKD 8,466,469 thousand in 2023, reflecting an increase of 7.8%[35] - Research and development expenses amounted to HKD 63,838 thousand in 2024, down from HKD 74,971 thousand in 2023, a decrease of 14.8%[35] - Selling and distribution expenses decreased by HKD 8.6 million to HKD 129.6 million in FY2024, a reduction of 6.2%, attributed to lower advertising and marketing costs[107] - Administrative expenses rose by HKD 89.2 million to HKD 532.0 million in FY2024, an increase of 20.1%, primarily due to higher employee costs and professional fees related to the Singapore listing[108] Risks and Challenges - The company relies heavily on NVIDIA as its main GPU supplier, with approximately 67.9% of total procurement coming from NVIDIA, posing a risk if the relationship is disrupted[65] - The shift of NVIDIA's business focus towards AI applications may lead to resource reallocation that could affect the supply of GPUs for gaming, potentially causing delays or shortages[66] - The company faces intense competition in the industry, and failure to respond effectively to market trends and consumer preferences may result in loss of market share and revenue[70] - Disruptions to manufacturing facilities and production processes due to geopolitical tensions or natural disasters could significantly impact the company's capacity and overall performance[73] Corporate Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules, with a board consisting of 13 directors, over half of whom are non-executive directors[160] - The audit committee was established on December 21, 2011, and consists of three independent non-executive directors as of November 5, 2024[165] - The audit committee reviewed the audited consolidated financial statements for the year ending December 31, 2024[166] Future Outlook - The company plans to launch the next-generation Blackwell gaming GPU in January 2025, which is expected to enhance gaming performance and attract market demand[91] - The self-branded graphics card business is expected to remain a key growth driver for the company in the coming years, driven by increasing demand for high-performance gaming graphics[58]
栢能集团(01263) - 2024 - 中期财报
2024-09-13 08:31
Revenue and Sales Performance - Revenue for the first half of fiscal year 2024 increased by approximately 18.4% to HKD 4,944.2 million, up from HKD 4,175.4 million in the same period of fiscal year 2023[9]. - Sales of graphics cards grew by 22.6% to HKD 4,088.7 million, compared to HKD 3,333.9 million in the first half of fiscal year 2023[9]. - ODM/OEM graphics card sales surged by 87.4% to HKD 1,055.4 million, up from HKD 563.1 million in the previous year[9]. - Own brand graphics card sales increased by 9.5% to HKD 3,033.3 million, compared to HKD 2,770.8 million in the first half of fiscal year 2023[9]. - Revenue increased from HKD 4,175.4 million in the first half of FY2023 to HKD 4,944.2 million in the first half of FY2024, representing an 18.4% growth[15]. - Sales of graphics cards rose from HKD 3,333.9 million in the first half of FY2023 to HKD 4,088.7 million in the first half of FY2024, a growth of 22.6%[15]. - ODM/OEM graphics card sales surged from HKD 563.1 million in the first half of FY2023 to HKD 1,055.4 million in the first half of FY2024, marking an 87.4% increase[16]. - Revenue from the Asia-Pacific region increased by 50.6%, from HKD 1,438.8 million in the first half of FY2023 to HKD 2,167.5 million in the first half of FY2024[18]. - Revenue from China rose by 17.6%, from HKD 939.3 million in the first half of FY2023 to HKD 1,104.6 million in the first half of FY2024[22]. Financial Performance - Gross profit rose by 72.5% from HKD 323.7 million in the first half of FY2023 to HKD 558.4 million in the first half of FY2024, with a gross margin improvement from 7.8% to 11.3%[26]. - Net profit attributable to shareholders increased to HKD 194.1 million in the first half of FY2024 from HKD 20.1 million in the first half of FY2023, driven by improved gross margins[36]. - Basic and diluted earnings per share rose to HKD 0.500 in the first half of FY2024 from HKD 0.052 in the first half of FY2023, with an interim dividend of HKD 0.20 per share declared[37]. - Profit before tax increased to HKD 228,459,000 from HKD 29,715,000, representing a growth of 669.5% year-over-year[88]. - Net profit for the period was HKD 192,265,000, compared to HKD 19,175,000 in the previous year, marking a substantial increase[88]. Expenses and Costs - Raw material costs increased by 14.8% from HKD 3,731.6 million in the first half of FY2023 to HKD 4,282.1 million in the first half of FY2024, aligning with the sales growth[25]. - Selling and distribution expenses decreased by 10.1% from HKD 60.3 million in the first half of FY2023 to HKD 54.2 million in the first half of FY2024, due to reduced marketing costs[29]. - Administrative expenses increased by 35.7% from HKD 210.3 million in the first half of FY2023 to HKD 285.4 million in the first half of FY2024, primarily due to higher employee costs[30]. - Financing costs decreased by 49.4% from HKD 35.2 million in the first half of FY2023 to HKD 17.8 million in the first half of FY2024, as the company relied more on internal reserves[32]. - Income tax expenses surged by 244.8% from HKD 10.5 million in the first half of FY2023 to HKD 36.2 million in the first half of FY2024, attributed to increased profits from key subsidiaries[35]. Assets and Liabilities - Total current assets increased from HKD 4,627.9 million as of December 31, 2023, to HKD 4,765.7 million as of June 30, 2024, an increase of 3.0%, primarily due to increases in inventory and trade receivables[40]. - Total current liabilities increased from HKD 2,452.2 million on December 31, 2023, to HKD 2,467.6 million on June 30, 2024, representing a growth of 0.6%[45]. - Total non-current assets decreased by 3.6% from HKD 667.5 million as of December 31, 2023, to HKD 643.8 million as of June 30, 2024, mainly due to a reduction in the carrying value of property, plant, and equipment[38]. - Total liabilities for borrowings are classified as current liabilities due to the banks' rights to demand repayment regardless of compliance with covenants[161]. Corporate Developments - The company plans to establish a new global headquarters in Singapore and a new manufacturing facility in Indonesia by the end of 2024 to expand its regional footprint[12]. - The company plans to apply for a listing on the Singapore Exchange and establish a global headquarters in Singapore, along with a new manufacturing facility in Indonesia[67]. - The group did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended June 30, 2024[66]. - The group has terminated the 2016 share option scheme, which had a maximum number of shares involved of 7,961,866, representing approximately 2.05% of the total issued shares[69]. Shareholder Information - The company declared an interim dividend of HKD 0.20 per share, totaling HKD 77,577,000, compared to HKD 0.10 per share and HKD 38,788,000 in the previous year[79]. - The beneficial ownership of Mr. Wang Fangbo is 27,639,750 shares, representing 7.13% of the equity[75]. - As of June 30, 2024, Mr. Wang Xihao holds 55,405,750 shares, representing 14.28% of the company's equity[73]. - Ms. He Huang Meide has a beneficial interest in 55,050,000 shares, accounting for 14.19% of the equity, including 54,850,000 shares held by Perfect Choice Limited[73]. Compliance and Governance - The company continues to maintain compliance with various legal and regulatory requirements, adhering to ISO standards and responsible business practices[11]. - The company has not established an internal audit function but has engaged an auditing firm to evaluate its risk management and internal control systems[84]. - The board consists of 10 directors, with a mix of executive and independent non-executive directors, ensuring a balanced governance structure[84].
栢能集团(01263) - 2024 - 中期业绩
2024-08-23 11:36
Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 4,944.2 million, an increase of 18.4% compared to HKD 4,175.4 million in 2023[2] - Gross profit rose to HKD 558.4 million, reflecting a significant increase of 72.5% from HKD 323.7 million in the previous year[2] - Net profit attributable to shareholders surged to HKD 194.1 million, marking an impressive increase of 865.7% from HKD 20.1 million in 2023[2] - The gross profit margin improved to 11.3%, up 44.9% from 7.8% in the prior year[2] - The company reported a net profit margin of 3.9%, a substantial increase of 680.0% compared to 0.5% in the previous year[2] - Basic and diluted earnings per share for the period were HKD 0.500, compared to HKD 0.052 in the same period last year[4] - Basic and diluted earnings per share for the six months ended June 30, 2024, were based on a profit attributable to shareholders of HKD 194,060,000, a significant increase from HKD 20,102,000 for the same period in 2023[27] Revenue Breakdown - The Asia-Pacific region generated HKD 2,167,457,000 in revenue, up 50.7% from HKD 1,438,821,000 year-over-year[14] - Sales of graphics cards grew by 22.6% to HKD 4,088.7 million, driven by an increase in ODM/OEM orders, which rose by 87.4% to HKD 1,055.4 million[39] - Non-branded business revenue increased by 38.8% to HKD 1,849.9 million, primarily due to higher sales in the ODM/OEM graphics card segment[40] - Sales of self-branded graphics cards increased by 9.5% to HKD 3,033.3 million, supported by the popularity of new products using NVIDIA's "SUPER" series GPUs[39] - Brand business revenue grew from HKD 2,842.5 million in the first half of FY2023 to HKD 3,094.3 million in the first half of FY2024, an 8.9% increase[45] Expenses and Costs - Research and development expenses amounted to HKD 37,416,000 for the six months ended June 30, 2024, slightly down from HKD 39,340,000 in the previous year[22] - Sales and distribution expenses decreased by 10.1% from HKD 60.3 million in the first half of FY2023 to HKD 54.2 million in the first half of FY2024, primarily due to reduced advertising and marketing expenses[55] - Administrative expenses increased by 35.7% from HKD 210.3 million in the first half of FY2023 to HKD 285.4 million in the first half of FY2024, with employee costs rising by 45.8% to HKD 221.3 million[56] - Financing costs decreased by 49.4% from HKD 35.2 million in the first half of FY2023 to HKD 17.8 million in the first half of FY2024, mainly due to reduced bank borrowings[58] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 5,409.5 million, compared to HKD 5,295.4 million as of December 31, 2023[5] - Current assets increased to HKD 4,765.7 million, up from HKD 4,627.9 million at the end of 2023[5] - The company's net current assets stood at HKD 2,298.1 million, an increase from HKD 2,175.8 million in the previous year[6] - Total liabilities as of June 30, 2024, were reported at HKD 1,300,429,000, slightly up from HKD 1,280,048,000 as of December 31, 2023[32] - Total current liabilities rose by 0.6% to HKD 2,467.6 million, mainly due to bank borrowings and a decrease in product warranty and return provisions[68] Cash Flow and Financing - Net cash generated from operating activities for the first half of the fiscal year 2024 was HKD 558.5 million, significantly lower than the previous year's HKD 228.5 million pre-tax profit[73] - Net cash used in financing activities for the first half of fiscal year 2024 was HKD 817.6 million, primarily for repaying import loans of HKD 797.5 million[75] - The net cash to equity ratio decreased from 50.8% on December 31, 2023, to 41.8% on June 30, 2024, due to a reduction in cash and bank balances and an increase in total equity[78] Strategic Developments - The company is establishing a new global headquarters in Singapore and a manufacturing facility in Indonesia, expected to be operational by the end of 2024, as part of its strategy to expand into Southeast Asia[42] - The company has launched a new GPU server product line specifically for AI and machine learning applications to capitalize on rapid growth opportunities[42] - The group plans to apply for a listing on the Singapore Exchange and will establish a global headquarters in Singapore, along with a new manufacturing facility in Indonesia[84] Governance and Compliance - The company has complied with the corporate governance code, except for deviations regarding the separation of roles between the chairman and CEO, and the establishment of an internal audit function[90] - The audit committee, consisting of four independent non-executive directors, reviewed the group's unaudited interim results for the six months ending June 30, 2024[92]