Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 50,875,000, a decrease of 88% compared to HKD 420,436,000 in 2023[3] - Operating loss from continuing operations increased to HKD 26,712,000, representing a 378% increase from HKD 5,591,000 in the previous year[3] - Loss attributable to equity shareholders of the company was HKD 33,712,000, up 152% from HKD 13,389,000 in 2023[5] - Basic loss per share from continuing and discontinued operations was HKD (0.014), a 133% increase from HKD (0.006) in 2023[5] - Total comprehensive loss for the year was HKD 53,558,000, compared to HKD 31,690,000 in 2023, reflecting a significant increase[6] - The company reported a pre-tax loss of HKD 31,214,000 for 2024, compared to a loss of HKD 9,340,000 in 2023, indicating a significant increase in losses[27] - The company recorded a net loss of HKD 33,712,000 for the year 2024, compared to a loss of HKD 13,389,000 in 2023[32] Revenue Breakdown - Semiconductor sales accounted for 86% of the total revenue in 2023, with HKD 366,970,000, while the revenue from photovoltaic power generation was HKD 49,515,000, contributing 97% of the total revenue in 2024[15] - The revenue from property development and related services was HKD 125,000 in 2024, consistent with 1% of total revenue, compared to HKD 430,000 in 2023[15] - The company reported a total of HKD 1,155,000 in revenue from Hong Kong in 2024, down from HKD 357,588,000 in 2023, indicating a significant market contraction[16] - The revenue from mainland China was HKD 49,720,000 in 2024, a decrease from HKD 62,848,000 in 2023, reflecting a decline of approximately 21%[16] - The photovoltaic power generation segment generated revenue of approximately HKD 49.5 million for the year, compared to approximately HKD 53.0 million for the year ended December 31, 2023, making it the main source of income for the company[45] Assets and Liabilities - Non-current assets decreased to HKD 249,392,000 from HKD 282,633,000 in the previous year[7] - Current assets totaled HKD 463,083,000, down from HKD 487,060,000 in 2023[7] - Net assets decreased to HKD 665,018,000 from HKD 718,576,000 in the previous year[8] - Total reported segment assets decreased to HKD 549,058 thousand in 2024 from HKD 671,563 thousand in 2023, a reduction of about 18.2%[20] - The total liabilities of the company decreased to HKD 47,457 thousand in 2024 from HKD 51,117 thousand in 2023, a decrease of approximately 7.9%[20] Expenses - The company reported a significant increase in administrative expenses to HKD 32,005,000 from HKD 26,024,000 in 2023[4] - Employee costs increased to HKD 4,606 thousand in 2024 from HKD 4,293 thousand in 2023, reflecting a rise of about 7.3%[19] - Research and development expenses were HKD 2,105,000 in 2024, down from HKD 2,373,000 in 2023[28] - The administrative expenses increased by approximately HKD 6.0 million or about 23.0% to approximately HKD 32.0 million for the year[48] Accounting Standards and Compliance - The company is currently evaluating the impact of new accounting standards, including HKFRS 18, which will significantly change the presentation of financial statements starting from 2027[13] - The company has not adopted any new accounting standards that may significantly impact the consolidated financial statements for the current or future periods[12] - The company anticipates that the adoption of new accounting standards will not have a significant impact on the financial results for the current or future periods[12] - The company has adopted a standard code for securities trading by directors, ensuring compliance throughout the year[68] - The audit committee reviewed the group's financial performance before submission to the board for approval[70] Discontinued Operations - The company has reclassified the performance of the cigarette film processing segment as discontinued operations, as it is no longer regularly reviewed by the executive directors[17] - The company incurred a loss from discontinued operations of HKD 3,731,000 in 2024, up from HKD 2,921,000 in 2023[30] - The net cash outflow from discontinued operations was HKD 1,387,000 in 2024, slightly higher than HKD 1,379,000 in 2023[30] - The company expects to complete the sale of Jiangsu Jingerun Technology Co., Ltd., which operates in the processed cigarette film business, by 2025, classifying this segment as discontinued operations[40] Future Outlook and Strategy - The company continues to focus on its core businesses, including the sale of processed cigarette films and semiconductor operations[9] - The group is actively seeking opportunities to develop new businesses and has established a team of experts to explore these ventures[64] - The company plans to sell its entire issued share capital of Jiangsu Jingerun Technology Co., Ltd. for approximately HKD 23,301,000, expected to complete in 2025[29] Miscellaneous - The company did not declare any dividends for the year ending December 31, 2024, consistent with 2023[31] - The group had no capital commitments as of December 31, 2024[66] - There were no significant investments, acquisitions, or disposals made by the group during the year[60] - The group maintained a prudent financial management policy throughout the year, ensuring a stable liquidity position[65] - As of December 31, 2024, the group had no significant contingent liabilities[61] - The group's total capital expenditure for the year was approximately HKD 0.4 million[58] - As of December 31, 2024, the group employed 41 staff members, down from 57 staff members as of December 31, 2023, with total employee costs for ongoing operations around HKD 14.2 million[62]

Financial Performance - Revenue decreased by approximately 53.1% to approximately HK$106.4 million for the six months ended 30 June 2024 compared to the corresponding period in 2023[1]. - Gross profit decreased by approximately 5.7% to approximately HK$17.2 million for the six months ended 30 June 2024 compared to the corresponding period in 2023[1]. - Profit attributable to equity shareholders of the Company decreased by approximately 67.5% to approximately HK$1.9 million for the six months ended 30 June 2024 compared to approximately HK$5.8 million for the corresponding period in 2023[4]. - Earnings per share decreased by approximately 67.5% to approximately HK cents 0.077 for the six months ended 30 June 2024 compared to the corresponding period in 2023[1]. - The total revenue of the Company was approximately HK$106.4 million for the Period, representing a decrease of approximately 53.1% compared to approximately HK$226.7 million for the six months ended 30 June 2023[5]. - The gross profit decreased by approximately HK$1.0 million, or approximately 5.7%, from approximately HK$18.2 million for the six months ended 30 June 2023 to approximately HK$17.2 million for the Period[9]. - The Group recorded impairment losses of approximately HK$0.1 million on trade and other receivables for the Period, compared to a reversal of impairment losses of approximately HK$1.4 million for the six months ended 30 June 2023[13]. - The total comprehensive loss for the period was HK$13,220,000, compared to a loss of HK$23,846,000 in the same period last year[61]. - The Group's profit for the period ended 30 June 2024 was approximately HK$1,879,000, a decrease of 67.5% compared to HK$5,777,000 for the same period in 2023[116]. Revenue Breakdown - Revenue from sales of semi-conductors was approximately HK$79.0 million for the Period, down from approximately HK$197.3 million for the six months ended 30 June 2023, indicating a significant decline[5]. - Revenue generated from photovoltaic power stations was approximately HK$26.4 million for the Period, slightly down from approximately HK$27.9 million for the six months ended 30 June 2023[7]. - Revenue from sales of sub-processing cigarette films was HK$913,000, which remained consistent at 1% of total revenue for both periods[87]. - Properties development and related services generated revenue of HK$57,000, maintaining a 1% share of total revenue in both periods[87]. - Revenue from external customers for the six months ended June 30, 2024, was HK$913,000, a decrease of 31.3% from HK$1,331,000 in 2023[98]. - Revenue from sales of semi-conductors was HK$79,029,000, accounting for 73% of total revenue, down from HK$197,327,000, which was 86% of total revenue in 2023[87]. - Revenue from the generation of photovoltaic power increased to HK$26,378,000, representing 25% of total revenue, compared to HK$27,909,000, which was 12% of total revenue in 2023[87]. Expenses and Costs - Administrative expenses amounted to approximately HK$16.1 million for the Period, an increase from approximately HK$13.2 million for the six months ended 30 June 2023[13]. - The decrease in profit was mainly caused by reduced revenue and increased administrative expenses[4]. - The Group's cash flow from financing activities showed a net cash used of HK$406,000 for the six months ended June 30, 2024, compared to HK$24,837,000 in the same period of 2023[67]. - The Group's short-term employee benefits for key management increased to HK$2,238,000 for the six months ended June 30, 2024, from HK$1,640,000 in the previous year, representing a rise of about 36.5%[133]. Dividends and Shareholder Returns - The Board does not recommend payment of any interim dividend for the six months ended 30 June 2024[1]. - The Group did not recommend any interim dividend for the period, consistent with the previous year where no dividend was paid[25]. - The company paid dividends amounting to HK$24,341,000 in the first half of 2023, with no dividends paid in the first half of 2024[67]. Cash and Liquidity - As at 30 June 2024, the cash and cash equivalents of the Group amounted to approximately HK$211.5 million, a decrease of approximately HK$25.8 million from approximately HK$237.3 million as at 31 December 2023[15]. - Cash and cash equivalents decreased to HK$211,466,000 as of June 30, 2024, down from HK$266,174,000 at the end of June 2023, reflecting a decrease of approximately 20.5%[67]. - Net cash used in operating activities for the six months ended June 30, 2024, was HK$20,811,000, a significant decline from a net cash generation of HK$1,936,000 in the same period of 2023[67]. Share Capital and Ownership - As of June 30, 2024, Mr. Guo Yumin holds a controlled corporation interest of 1,206,086,000 shares, representing approximately 49.55%[31]. - Ms. Xia Yu holds a spouse interest of 1,478,442,164 shares, representing approximately 60.74%[31]. - The issued and fully paid ordinary shares remained at 2,434,136,000 shares with a total amount of HK$6,085,000 as of June 30, 2024, unchanged from December 31, 2023[128]. - On June 15, 2024, the Group's controlling shareholder entered into an agreement to sell 608,500,000 shares, representing approximately 25.0% of the total issued share capital, for a total consideration of HK$152,125,000[141]. - Following the share transfer, the controlling shareholders will hold approximately 37.1% of the total issued share capital, while the purchaser will hold 25.0%[142]. Corporate Governance and Management - The Board has not filled the position of chief executive, believing it will not adversely affect the Company[47]. - The Company has complied with the corporate governance code provisions, except for the separation of the roles of chairman and chief executive[47]. - The interim condensed consolidated financial statements were approved by the Board of Directors on August 30, 2024[147]. Segment Information - The Group operates in four segments: sales of sub-processing cigarette films, sales of semi-conductors, properties development and related services, and generation of photovoltaic power[4]. - The Group's operating segments include sales of sub-processing cigarette films, sales of semi-conductors, properties development and related services, and generation of photovoltaic power[92]. Fair Value Measurements - The Group's financial assets at fair value through profit or loss (FVTPL) include a convertible loan valued at HK$31,965,000 as of June 30, 2024[78]. - The fair value measurement hierarchy includes Level 1 inputs based on quoted prices in active markets, Level 2 inputs that are observable, and Level 3 inputs that are unobservable[80]. - The Group engages external valuation experts for Level 3 fair value measurements to ensure accuracy and compliance[85]. - The Group's financial assets at FVTPL decreased from HK$32,749,000 at January 1, 2024, to HK$31,965,000 at June 30, 2024, reflecting an exchange difference of HK$784,000[85]. Employee Information - As of June 30, 2024, the Group employed 53 employees, a decrease from 57 employees as of June 30, 2023[26]. - The Group provides various employee social security plans, including housing and medical insurance[24].

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 106.4 million, a decrease of about 53.1% compared to HKD 226.7 million in the same period of 2023[1][2] - Gross profit for the same period was approximately HKD 17.2 million, down about 5.7% from HKD 18.2 million year-on-year[1][2] - Profit attributable to equity shareholders for the six months ended June 30, 2024, was approximately HKD 1.9 million, a decrease of about 67.5% from HKD 5.8 million in 2023[1][2] - Earnings per share for the period was approximately HKD 0.077, down about 67.5% from HKD 0.237 in the same period of 2023[1][3] - Total other income for the six months ended June 30, 2024, was HKD 4,384,000, compared to HKD 3,879,000 for the same period in 2023, representing an increase of approximately 13%[16] - The company reported a net loss of HKD (321,000) for other gains and losses for the six months ended June 30, 2024, compared to a loss of HKD (462,000) in the same period of 2023, showing an improvement of 30.5%[17] Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HKD 106,377,000, a decrease of 53% compared to HKD 226,738,000 for the same period in 2023[11] - Semiconductor sales accounted for 73% of total revenue in 2024, generating HKD 79,029,000, down from HKD 197,327,000 in 2023[11] - The photovoltaic power segment generated revenue of HKD 26,378,000, representing 25% of total revenue, compared to 12% in the previous year[11] - Semiconductor sales revenue was approximately HKD 79.0 million, down from HKD 197.3 million in the same period last year, representing a decline of about 60.0%[29] Assets and Liabilities - Total non-current assets as of June 30, 2024, were approximately HKD 266.9 million, down from HKD 282.6 million as of December 31, 2023[5] - Current assets totaled approximately HKD 485.7 million, slightly down from HKD 487.1 million at the end of 2023[5] - Net assets as of June 30, 2024, were approximately HKD 705.4 million, a decrease from HKD 718.6 million at the end of 2023[6] - The total assets of the reportable segments as of June 30, 2024, were HKD 634,560,000, down from HKD 715,730,000 at the end of 2023[15] - The total liabilities of the reportable segments as of June 30, 2024, were HKD 45,758,000, compared to HKD 47,419,000 at the end of 2023[15] Dividends and Shareholder Returns - The board of directors did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[1] - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the same period in 2023[22] - Basic earnings per share for the six months ended June 30, 2024, was HKD 0.00077, compared to HKD 0.00237 for the same period in 2023, reflecting a decrease of approximately 67.5%[23] Financial Reporting Standards - The company adopted new and revised Hong Kong Financial Reporting Standards effective January 1, 2024, without changing its accounting policies or making retrospective adjustments[8] - The company is currently evaluating the impact of adopting the new Hong Kong Financial Reporting Standard No. 18 on the presentation and disclosure of its consolidated financial statements[9] - The company anticipates that the amendments to Hong Kong Accounting Standard No. 21 will not have a significant impact on its consolidated financial statements[9] Operational Insights - The company operates four reportable segments: sales of processed cigarette films, semiconductor sales, property development and related services, and photovoltaic power generation[14] - The semiconductor market is expected to face uncertainties in supply during the second half of 2024, impacting the company's semiconductor sales division[37] - The company employed 53 staff as of June 30, 2024, a decrease from 57 staff a year earlier[37] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, ensuring adherence to good governance principles[38] - As of June 30, 2024, the company has not appointed a CEO, with the chairman, Mr. Guo Yumin, overseeing overall management and strategic direction[38] - The audit committee, established on June 22, 2012, consists of three independent non-executive directors and has reviewed the interim financial results for the six months ending June 30, 2024[40] - The company has maintained sufficient public float as required by the listing rules as of June 30, 2024[41] - All directors confirmed compliance with the standard code of conduct for securities trading for the six months ending June 30, 2024[39] Cash Flow and Expenses - The company had cash and cash equivalents of approximately HKD 211.5 million as of June 30, 2024, down from HKD 237.3 million at the end of 2023, a decrease of about 10.8%[34] - The company recognized a depreciation expense of HKD 8,456,000 for property, plant, and equipment for the six months ended June 30, 2024, down from HKD 8,675,000 in the same period of 2023[21] - The company benefited from a deferred tax asset of HKD 1,718,000 for the six months ended June 30, 2024, compared to HKD 2,065,000 in the same period of 2023[18] - Income tax expense for the six months ended June 30, 2024, was HKD 1,258,000, slightly down from HKD 1,266,000 in the same period of 2023[18]

Financial Performance - Revenue for the year ended December 31, 2023, was HK$423,708,000, representing a 34% increase from HK$315,701,000 in 2022[10] - The semiconductor sales grew by 43.7% compared to 2022, with a gross profit increase of approximately 28.8%[14] - The photovoltaic business revenue decreased by approximately 5.6% due to RMB exchange rate fluctuations[15] - The loss attributable to equity shareholders was HK$13,389,000, a 283% decrease from a profit of HK$7,313,000 in 2022[10] - Basic and diluted loss per share for 2023 was HK$0.006, compared to earnings of HK$0.003 in 2022, marking a 300% decline[10] - The total revenue for the Year was approximately HK$423.7 million, representing an increase of 34.2% compared to approximately HK$315.7 million for the year ended 2022[28] - The Group recorded a loss attributable to equity shareholders of approximately HK$13.4 million for the Year, compared to a profit of approximately HK$7.3 million for the year ended 31 December 2022[29] - Revenue from sales of semi-conductors contributed approximately HK$367.0 million for the Year, up from approximately HK$255.3 million for the year ended 31 December 2022[31] - Revenue generated from photovoltaic power reached approximately HK$53.0 million for the Year, down from approximately HK$56.2 million for the year ended 31 December 2022[38] Future Outlook - The Group anticipates stable revenue for the photovoltaic business in the future due to growing domestic demand for new energy sources[15] - Looking ahead to 2024, the Group expects an acceleration in global and domestic economic growth, with increased demand for semiconductor products[16] - The Group anticipates an increase in demand for semiconductor products and new energy due to global carbon reduction trends, focusing on sales of semiconductor and photovoltaic power segments in 2024[75] Expenses and Financial Management - Administrative expenses increased by approximately HK$1.6 million, or approximately 6.1%, to approximately HK$28.6 million for the Year[41] - Other losses, net were approximately HK$22.9 million, an increase of approximately HK$17.7 million compared to approximately HK$5.2 million for the year ended 31 December 2022[43] - Finance costs amounted to approximately HK$0.8 million for the Year, slightly down from approximately HK$0.9 million for the year ended 31 December 2022[50] - Income tax expense was approximately HK$4.1 million for the Year, compared to approximately HK$4.8 million for the year ended 31 December 2022[51] - The Group recorded a net cash inflow from operating activities of approximately HK$14.8 million, while net cash outflows from investment and financing activities were approximately HK$71.8 million and HK$25.3 million, respectively[58] - The Group's current ratio as of December 31, 2023, was 19.0, slightly down from 19.6 as of December 31, 2022[58] - The Board does not recommend the payment of any final dividend for the year, compared to HK$1.0 cent per share for the year ended December 31, 2022[74] Human Resources - As of December 31, 2023, the Group employed 57 employees, with total staff costs of approximately HK$12.6 million for the year[66] Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG report is prepared based on the principles of materiality, quantification, and consistency, ensuring relevant issues are prioritized[91] - The reporting scope includes major subsidiaries such as Jiangsu Sheen Color Science Technology Co., Ltd. and Xuzhou Shuntai New Energy Power Generation Co., Ltd., focusing on key business segments like sales of sub-processing cigarette films and photovoltaic power generation[94] - The Board is responsible for overseeing the Group's ESG strategy, including risk management and internal control systems[102] - An ESG working team has been established to assist the Board in developing and implementing ESG strategies, ensuring compliance with relevant laws and regulations[107] - The Group conducts regular reviews of ESG-related metrics and compares them with historical data to ensure meaningful assessments[101] - The audit committee, supported by the internal control team, assesses and manages ESG-related risks, which are integrated into the overall risk management processes[108] - The Board tracks and reviews the achievement of ESG objectives at least once a year to ensure continuous implementation of policies[109] - The Group aims to enhance the Board's knowledge and awareness of the ESG landscape as part of its sustainability journey[101] - The Group identified 23 material ESG topics impacting the environment and society through its operations[114] - The Board reviews and validates the materiality process annually to ensure the Group's ESG strategies and goals are met[125] - The highest materiality topics include occupational health and safety, quality and safety of goods/services, and customer satisfaction[124] - The Group engages with a wide network of stakeholders, including employees, customers, suppliers, shareholders, government, and community[126] - The materiality assessment process involves identification, prioritization, and validation to manage sustainability topics effectively[120] - The Group's environmental risk management and waste management practices are considered highly material issues[124] - The Group's commitment to anti-corruption and anti-competitive practices is a key focus area in its ESG strategy[124] - The Group emphasizes the importance of personal data privacy protection and intellectual property rights in its operations[124] - The Board ensures continuous implementation of the Group's policies related to environmental, social, and governance issues[117] - The Group develops multiple engagement channels for stakeholders to express their views on business conduct and sustainability management[130] Environmental Performance - The Group released 40.3 kg of Nitrogen Oxides (NOx), 0.1 kg of Sulphur Oxides (SOx), and 3.9 kg of Particulate Matter (PM) in 2023, showing a decrease in NOx emissions from 46.7 kg in 2022 and PM emissions from 4.5 kg in 2022[142][144] - The Group's effluent discharges have been confirmed as non-material to its operations, ensuring compliance with the PRC Law on the Prevention and Treatment of Water Pollution[145][147] - The Group did not encounter any incidents of non-compliance with applicable laws and regulations related to air emissions, effluent discharges, noise emissions, and greenhouse gases during the year[136] - The Group's environmental management systems ensure strict compliance with environmental regulations and continual improvement towards cleaner practices[134][138] - The Group's activities include manufacturing and printing films, as well as generating photovoltaic power, contributing to its commitment to environmental sustainability[133][134] - Regular maintenance of machinery and vehicles is conducted to ensure fuel efficiency and reduce emissions[137][140] - The Group's total greenhouse gas emissions for 2023 were 451.1 tonnes of CO2 equivalent, a decrease from 481.6 tonnes in 2022, representing a reduction of approximately 6.5%[155] - Scope I emissions decreased from 17.7 tonnes in 2022 to 13.1 tonnes in 2023, a reduction of about 26.0%[155] - Scope II emissions also decreased from 463.9 tonnes in 2022 to 438.0 tonnes in 2023, a decline of approximately 5.6%[155] - The carbon intensity for both Scope I and II emissions remained stable at 0.02 tonnes of CO2 equivalent per square meter of gross floor area for 2023[155] - The Group produced 55.2 million kWh of electricity from photovoltaic power stations in 2023, with sales of 54.7 million kWh, resulting in an overproduction of 0.9%[156] - The replacement of high-environmental impact electricity from fossil fuel sources avoided the release of 31,405.3 tonnes of CO2 equivalent into the environment[156] - The Group aims to reduce its GHG emissions intensity (Scope I + II) by 3% by the end of 2030, using 2022 as the baseline year[159] - The hazardous waste generated by the Group in 2023 totaled 2,076 kg, with a hazardous waste intensity of 0.10 kg per square meter of gross floor area[163] - The Group is committed to minimizing its carbon footprint by encouraging video conferencing and reducing waste generation[160] - The Group's energy reduction initiatives are focused on controlling Scope I and II emissions, while also addressing Scope III emissions throughout its value chain[158] - The total amount of hazardous waste generated in 2023 was 2,076 kg, with a density of 0.10 kg per square meter of gross floor area[165] - The Group's gross floor area in 2023 was 21,321.6 square meters, which was used to calculate the hazardous waste intensity[166] - The total non-hazardous waste generated in 2023 was 681.5 kg, a decrease from 1,327.9 kg in 2022, resulting in a non-hazardous waste intensity of 0.03 kg per square meter[171] - The Group aims to reduce waste generated from operations by 3% in waste intensity by the end of 2030 compared to 2022 levels[173] - The Group consumed 768.1 mWh of electricity in 2023, with a total energy intensity of (2.53) mWh per square meter of gross floor area[176] - Direct energy consumption in 2023 was 47.9 mWh, down from 64.5 mWh in 2022[179] - Indirect energy consumption was (53,938) mWh in 2023, slightly lower than (54,254.6) mWh in 2022[179] - The Group has implemented waste separation systems and recycling initiatives to enhance resource efficiency[172] - The Group did not encounter any incidents of non-compliance with laws related to energy and water resource use in 2023[175] - The Group is committed to minimizing fuel and electricity consumption through various initiatives and will regularly review their effectiveness[181] - The Group aims to reduce GHG emissions from electricity purchases by 3% in energy intensity by 2030 from 2022 levels[183] - The energy intensity in 2023 remained similar to 2022, with both years having a gross floor area of 21,321.6 square meters[186] - Total water consumption in 2023 was 13,927 cubic meters, resulting in a water intensity of 0.6 cubic meters per square meter gross floor area, down from 1.0 in 2022[191][192] - The Group plans to reduce water consumption intensity by 3% by 2025, using 2022 as the baseline year[195] - A total of 6,567.0 kg of packaging material was consumed in 2023, maintaining a packaging consumption intensity of 0.3 kg per square meter gross floor area[197][199] - The Group has implemented energy-efficient systems, including LED lighting and cooling systems, to enhance energy efficiency[186] - The Group regularly checks for water leakages and prioritizes the use of water-saving products[190] - The Group has adopted measures to comply with the Building Energy Efficiency Ordinance to improve energy efficiency in property development[186] - The Group emphasizes sustainable packaging approaches during the design phase of products[198] - The Group is committed to enhancing water efficiency through advanced water recycling facilities[195]

Financial Results - Sheen Tai Holdings Group Company Limited announced its full-year results for the year ending December 31, 2023[2] Audit Committee - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance results before submission to the board[4] - The announcement confirms compliance with listing rules as reviewed by the audit committee[4]

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 423,708,000, representing a 34.2% increase from HKD 315,701,000 in 2022[3] - Gross profit decreased to HKD 37,688,000 in 2023 from HKD 38,540,000 in 2022, reflecting a decline of 2.2%[3] - The company reported a loss attributable to equity shareholders of HKD 13,389,000 for 2023, compared to a profit of HKD 7,313,000 in 2022[5] - Basic and diluted loss per share for 2023 was HKD (0.006), compared to earnings per share of HKD 0.003 in 2022[7] - The company reported a net comprehensive loss of HKD 31,690,000 for 2023, compared to a loss of HKD 50,722,000 in 2022, indicating an improvement[9] - The pre-tax profit for the reportable segments decreased to HKD 22,814,000 in 2023 from HKD 28,853,000 in 2022, a decline of 20.5%[29] - The company reported a pre-tax loss of HKD 9,340,000 for 2023, compared to a profit of HKD 12,089,000 in 2022[39] Assets and Liabilities - Cash and cash equivalents decreased to HKD 237,340,000 in 2023 from HKD 330,894,000 in 2022, a decline of 28.2%[3] - Total assets decreased to HKD 769,693,000 in 2023 from HKD 828,252,000 in 2022, a reduction of 7.1%[3] - Net assets decreased to HKD 718,576,000 in 2023 from HKD 774,607,000 in 2022, a decline of 7.2%[12] - The company’s total liabilities decreased to HKD 51,117,000 in 2023 from HKD 53,645,000 in 2022, a decrease of 4.7%[12] - Total reportable segment assets decreased to HKD 715,730,000 in 2023 from HKD 787,931,000 in 2022, a reduction of 9.2%[29] - The total liabilities for reportable segments decreased to HKD 47,419,000 in 2023 from HKD 49,307,000 in 2022, a decline of 3.6%[29] Revenue Breakdown - Semiconductor sales accounted for 86% of total revenue in 2023, increasing from 80% in 2022, with sales reaching HKD 366,970,000[22] - Revenue from photovoltaic power generation decreased to HKD 53,036,000 in 2023, down from HKD 56,214,000 in 2022, representing a decline of 5.7%[22] - Revenue from the sale of processed cigarette films was HKD 3,272,000 in 2023, a slight decrease from HKD 3,728,000 in 2022[22] - Revenue from external customers for the semiconductor segment increased to HKD 366,970,000 in 2023 from HKD 255,344,000 in 2022, representing a growth of 43.8%[27] - Major customer revenue from the semiconductor segment increased significantly to HKD 356,620,000 in 2023 from HKD 240,219,000 in 2022, an increase of 48.5%[32] Expenses and Costs - Administrative expenses increased by approximately HKD 1.6 million or about 6.1% to approximately HKD 28.6 million for the year[59] - Research and development expenses were HKD 2,400,000 in 2023, slightly down from HKD 2,418,000 in 2022[41] - Interest income from bank deposits decreased to HKD 1,228,000 in 2023 from HKD 1,782,000 in 2022, a decline of 31.0%[27] - The company recognized government grants of approximately HKD 50,000 in 2023, compared to HKD 235,000 in 2022, a decrease of 78.7%[32] - The company’s financing costs, specifically interest expenses on lease liabilities, decreased to HKD 828,000 in 2023 from HKD 901,000 in 2022, a reduction of 8.1%[34] Compliance and Governance - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance by all directors since the beginning of the year[79] - The audit committee was established on June 22, 2012, and currently consists of three independent non-executive directors[82] - The company's auditor has agreed to the figures presented in the consolidated income statement and other comprehensive income, as well as the consolidated financial position[84] Future Outlook - The group anticipates an increase in demand for semiconductor products and plans to focus on the development of semiconductor sales and photovoltaic power generation in 2024[74]

Financial Performance - Revenue increased by approximately 71.2% to approximately HK$226.7 million for the six months ended 30 June 2023 compared to approximately HK$132.4 million for the same period in 2022[4] - Profit attributable to equity shareholders of the Company increased by approximately 339.6% to approximately HK$5.8 million for the six months ended 30 June 2023 compared to approximately HK$1.3 million for the same period in 2022[13] - Earnings per share increased by approximately 339.6% to approximately HK cents 0.237 for the six months ended 30 June 2023 compared to the same period in 2022[4] - Total revenue for the six months ended June 30, 2023, was HK$226,738,000, representing a 71% increase from HK$132,410,000 in the same period of 2022[149] - Profit for the period rose significantly to HK$5,776,000, compared to HK$1,312,000 in 2022, marking a 339.5% increase[108] - The Group's profit for the period attributable to equity shareholders is approximately HK$5,777,000, an increase from HK$1,314,000 in the same period of 2022, representing a growth of 338%[180] Revenue Breakdown - Revenue from sales of semi-conductors was approximately HK$197.3 million for the Period, representing an increase from approximately HK$99.1 million for the same period in 2022[16] - Revenue generated from photovoltaic power stations was approximately HK$27.9 million for the Period, compared to approximately HK$31.0 million for the same period in 2022[23] - Revenue from sales of sub-processing cigarette films was approximately HK$1.3 million for the Period, down from approximately HK$2.0 million for the same period in 2022[15] - Revenue from external customers for the six months ended June 30, 2023, was HK$226,738,000, a significant increase of 71.1% compared to HK$132,410,000 in the same period of 2022[160] - Revenue from sales of semi-conductors was HK$197,327,000, accounting for 86% of total revenue, up from HK$99,062,000 (74% of total revenue) in 2022[149] - Generation of photovoltaic power revenue was HK$27,909,000, which is 12% of total revenue, down from HK$31,022,000 (23% of total revenue) in 2022[149] Profitability and Margins - Gross profit decreased by approximately 15.2% to approximately HK$18.2 million for the six months ended 30 June 2023 compared to the same period in 2022[4] - The gross profit margin decreased by approximately 8.2% to approximately 8.0% for the six months ended 30 June 2023 compared to the same period in 2022[4] - Gross profit for the same period decreased to HK$18,236,000, a decline of 15.7% compared to HK$21,497,000 in 2022[107] - Reportable segment profit before tax for the six months ended June 30, 2023, was HK$13,079,000, down 7% from HK$14,049,000 in the same period of 2022[162] Cash Flow and Financial Position - Cash and cash equivalents amounted to approximately HK$266.1 million as at 30 June 2023, a decrease of approximately HK$64.8 million from approximately HK$330.9 million as at 31 December 2022[38] - The company reported a net decrease in cash and cash equivalents of HK$45,928,000 for the six months ended June 30, 2023, compared to a decrease of HK$26,140,000 in the same period of 2022[117] - Net cash generated from operating activities for the six months ended June 30, 2023, was HK$1,936,000, a significant recovery from a cash outflow of HK$54,989,000 in the prior year[117] - Total non-current assets decreased to HK$254,700,000 from HK$303,017,000 as of December 31, 2022, reflecting a decline of 16.0%[111] - Current assets slightly decreased to HK$522,655,000 from HK$525,235,000, a reduction of 0.1%[111] - Net assets as of June 30, 2023, were HK$726,420,000, down from HK$774,607,000 at the end of 2022, indicating a decrease of 6.2%[112] Employee and Management Information - The Group employed 57 employees as at 30 June 2023, down from 62 employees as at 30 June 2022[51] - The Company has not filled the position of chief executive, with Mr. Guo Yumin acting as chairman and responsible for overall management[93] - The Board believes the absence of a chief executive will not adversely affect the Company, as decisions will be made collectively by the executive Directors[94] Corporate Governance and Compliance - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all Directors confirmed compliance during the reporting period[95] - The Audit Committee comprises three independent non-executive Directors, ensuring supervision of the financial reporting process and internal controls[96] - The Company maintained sufficient public float as required under the Listing Rules during the six months ended June 30, 2023[102] Market Outlook and Strategic Focus - The Group expects stable demand and supply of memory chips in the second half of 2023 amid a global economic slowdown[61] - The company remains vigilant regarding potential changes in the external economic environment affecting the semiconductor sector[62] - The company is focusing on the development of its semiconductor division amidst the ongoing economic challenges[62] - Future outlook includes continued focus on expanding semi-conductor sales and exploring new markets for photovoltaic power generation[159]

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依賴該等內容而引致的任何損失承擔任何責任。 Sheen Tai Holdings Group Company Limited 順 泰 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：01335） 截 至2023年6月30日 止 六 個 月 中 期 業 績 公 告 財務摘要 • 截至2023年6月30日止六個月的收入約226.7百萬港元，較2022年同期增加 約71.2%。 • 截至2023年6月30日止六個月的毛利約18.2百萬港元，較2022年同期減少 約15.2%。 • 截至2023 年6 月30 日止六個月的毛利率約8.0%，較2022年同期下降約8.2%。 • 截至2023年6月30日止六個月的本公司權益股東應佔溢利約5.8百萬港元， 較2022年同期增加約339.6%。 • 截至2023 年6 月30 日止六個月的每股盈利約0.237港仙，較2022年同期增 加約339.6%。 ...

Financial Performance - Revenue for the year ended December 31, 2022, was HK$315,701,000, representing a 378% increase compared to HK$66,113,000 in 2021[11] - Profit from operations for 2022 was HK$12,990,000, a significant turnaround from a loss of HK$5,159,000 in 2021, marking a 352% improvement[11] - The profit attributable to equity shareholders of the Company was HK$7,313,000 in 2022, compared to a loss of HK$6,794,000 in 2021, reflecting a 208% increase[11] - The basic earnings per share for 2022 was HK$0.003, a 200% increase from a loss of HK$0.003 in 2021[11] - Non-controlling interests decreased to HK$9,000 in 2022 from HK$110,000 in 2021, a reduction of 92%[11] - The total revenue for the year was approximately HK$315.7 million, representing an increase of approximately 377.5% compared to approximately HK$66.1 million for the year ended 31 December 2021[28] - Revenue from sales of semi-conductors was approximately HK$255.3 million for the year, marking the primary source of revenue growth[31] - The gross profit increased by approximately HK$2.1 million, or approximately 5.8%, from approximately HK$36.4 million for the year ended 31 December 2021 to approximately HK$38.5 million for the year[42] - The gross profit margin decreased from approximately 55.1% for the year ended 31 December 2021 to approximately 12.2% for the year, primarily due to lower margins in the semi-conductor segment[42] - The income tax expense for the year amounted to approximately HK$4.8 million, compared to approximately HK$0.8 million for the year ended 31 December 2021[47] Business Strategy and Operations - The new semiconductor sales business contributed significantly to revenue growth in 2022, with expectations for even greater contributions in the future[16] - The Group disposed of a subsidiary, Treasure Cloud Limited, in 2022 to reallocate resources towards existing businesses and the new semiconductor venture[15] - The Group plans to expand into existing and new business markets as the economies of Hong Kong and the mainland recover in 2023[17] - The Group established a new sales segment focused on trading semi-conductor memory chips and wafers in 2022, anticipating steady demand growth[87] - The Group focuses on sales of sub-processing cigarette films, sales of semiconductors, property development, and photovoltaic power generation, with principal facilities located in the PRC[96] Financial Management and Cost Control - The Group will implement stricter financial budgeting and cost controls in response to rising operating costs due to high global inflation[17] - Administrative expenses decreased by approximately HK$3.4 million, or approximately 11.2%, from approximately HK$30.4 million for the year ended 31 December 2021 to approximately HK$27.0 million for the year[44] - The Group has adopted a prudent financial management approach, maintaining a healthy liquidity position throughout the Year[88] - The Group maintained a prudent financial management policy throughout the year, ensuring a stable liquidity position[93] - As of December 31, 2022, the Group had no capital commitments, consistent with the previous year[94] ESG and Sustainability - The ESG report covers the period from January 1, 2022, to December 31, 2022, detailing the Group's operational practices and environmental protection strategies[98] - The Board is responsible for overseeing the Group's ESG strategy, including the evaluation of ESG-related risks and opportunities[116] - The Group conducts ongoing ESG-related risk management and opportunities assessment in collaboration with the Audit Committee and Internal Audit[117] - The Group aims to enhance the Board's knowledge and awareness of the ESG landscape as part of its sustainability journey[115] - The Group identified 23 material ESG topics that impact the environment and society through its operations, following the ESG Reporting Guide[129] - The overall ESG performance and related risk assessments will be reported to the Board annually to ensure the achievement of the Group's ESG strategy and goals[125] - The Group's ESG strategy includes initiatives for environmental risk management, energy consumption, and waste management[132] - The material ESG issues include air emissions, greenhouse gas emissions, and hazardous waste management, which are critical for the Group's sustainability efforts[132] - The Group emphasizes the importance of community investment and anti-corruption practices as part of its social responsibility initiatives[134] Environmental Impact and Emissions - The Group has focused on environmental protection and pollutant emission during production and operation, ensuring compliance with regulatory standards for air, water, and land discharges[155] - During the year, the Group did not encounter any incidents of non-compliance with applicable laws and regulations related to air emissions, effluent discharges, noise emissions, greenhouse gases, and waste[156] - The Group's air emissions primarily come from vehicle usage and production processes, including the emission of sulphur oxides (SOx), nitrogen oxides (NOx), and particulate matter (PM)[157] - The Group's total greenhouse gas emissions (Scope I and II) amounted to 481.6 tonnes of CO2 equivalent (tCO2e) in 2022, a decrease from 680.2 tCO2e in 2021[178] - The carbon intensity for Scope I and II emissions was 0.02 tCO2e per square meter of gross floor area in 2022, down from 0.03 tCO2e in 2021[178] - The Group produced 55.5 million kilowatt-hours (kWh) of electricity from photovoltaic power stations in 2022, with a total sale of 55.1 million kWh, resulting in an overproduction of 0.8%[179] - The replacement of high-environmental impact electricity from fossil fuel sources avoided the release of 43,619.3 tCO2e of greenhouse gases[179] - The Group's Scope I emissions (direct emissions) increased to 17.7 tCO2e in 2022 from 9.4 tCO2e in 2021 due to the additional vehicle acquisition[178] - Scope II emissions (indirect emissions) decreased to 463.9 tCO2e in 2022 from 670.8 tCO2e in 2021, primarily due to reduced electricity consumption[178] Waste Management - The total non-hazardous waste generated by the Group in 2022 was 1,327.9 kg, with a non-hazardous waste intensity of 0.06 kg per square meter gross floor area[199] - The Group's non-hazardous waste in 2021 was 739.6 kg, indicating a significant increase of approximately 79.8% in 2022[199] - The Group has implemented waste separation systems and recycling bins to enhance recycling efforts[200] - The Group prioritizes waste recycling and aims to reduce hazardous waste generation by exploring less hazardous alternatives[188] - The Group's hazardous waste mainly consists of waste printer cartridges, which do not have a material impact on operations[189] - The Group's incineration method for non-hazardous waste is aimed at energy efficiency, accumulating waste until approximately 2 tonnes before disposal[197]

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依賴該等內容而引致的任何損失承擔任何責任。 Sheen Tai Holdings Group Company Limited 順 泰 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：01335） 全 年 業 績 公 告 截 至2022年12月31日 止 年 度 集團財務概要 截至2022年12月31日止年度（以港元為單位） 2022年 2021年 千港元 千港元 收入 315,701 66,113 毛利 38,540 36,443 稅前溢利╱（虧損） 12,089 (6,129) 應佔溢利╱（虧損）： 本公司權益股東 7,313 (6,794) 每股盈利╱（虧損） 基本（每股港元） 0.003 (0.003) ...