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之內容概不負責，對其準確性及完整性亦不發 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。 SiS Mobile Holdings Limited 新 龍 移 動 集 團 有 限 公 司 * 新龍移動集團有限公司（「本公司」）董事會（「董事會」）宣佈，董事會會議將於二 零二五年三月二十日（星期四）舉行，以（其中包括）考慮及審批本公司及其附屬公司 截至二零二四年十二月三十一日止之末期業績，並考慮派發末期股息（如有）。 承董事會命 新龍移動集團有限公司 公司秘書 黃依婷 香港，二零二五年三月十日 於本公告刊發日期，本公司董事為執行董事林家名先生、方保僑先生及黃依婷女士；非執行董事 林惠海先生、林郁磊先生及林易先生；及獨立非執行董事朱頌儀女士、鄭德忠先生及馬紹燊先 生。 * 僅供識別 1 ( 於開曼群島註冊成立之有限公司 ) (股份代號: 1362) 董事會會議日期 ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 470,383,000, a decrease of 30.4% compared to HKD 675,542,000 for the same period in 2023[1] - Gross profit for the same period was HKD 25,809,000, up from HKD 22,880,000, reflecting an increase of 12.8%[1] - The company recorded a profit before tax of HKD 5,449,000, down from HKD 6,282,000, representing a decline of 13.3%[1] - Net profit for the period was HKD 4,140,000, compared to HKD 4,726,000 in the previous year, a decrease of 12.4%[1] - Basic and diluted earnings per share for the six months ended June 30, 2024, were both HKD 1.47, down from HKD 1.69 in the same period of 2023, a decline of 13.0%[2] - Revenue decreased by 30% to HKD 470,383,000 due to a weak trading environment for mass-produced products and continued low consumer spending in the local market[19] - Net profit fell by 12% to HKD 4,140,000, impacted by rising labor costs and increased marketing expenses[19] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 205,479,000, slightly down from HKD 212,393,000 as of December 31, 2023[2] - Current liabilities decreased to HKD 57,371,000 from HKD 64,555,000, a reduction of 11.3%[2] - Total liabilities amounted to HKD 60,421,000, with a current ratio of approximately 3.6 as of June 30, 2024[22] - The company held cash and bank deposits of HKD 88,285,000, down from HKD 110,498,000 as of December 31, 2023[22] - The company's net asset value increased to HKD 164,322,000 from HKD 163,316,000, reflecting a growth of 0.6%[2] Accounting and Compliance - The company has applied new accounting standards, which did not have a significant impact on the financial position or performance for the current and prior periods[5] - The audit committee consists of all independent non-executive directors and has reviewed the company's condensed consolidated financial statements for the six months ending June 30, 2024[30] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any subsidiaries during the period ending June 30, 2024[31] - The interim report for the six months ending June 30, 2024, will be sent to shareholders by September 30, 2024, and published on the company's and the stock exchange's websites[32] Employee and Operational Insights - Employee count increased to 51, with total salaries and benefits amounting to HKD 10,886,000, up from HKD 7,537,000 in the previous year[24] - The company has no outstanding bank borrowings and maintains a strong liquidity position[22] - The company is diversifying its product range to better respond to market conditions and emerging opportunities[21] Acknowledgments and Future Outlook - The company expresses gratitude to employees, customers, suppliers, and strategic partners for their unwavering support during challenging times[33] - The company acknowledges the steadfast confidence of shareholders, which inspires the pursuit of excellence and continuous improvement[33] - The company pays tribute to the late former chairman, Lin Jiafeng, for his valuable contributions to the group[33]

Financial Performance - The company's revenue increased by 5% to HKD 1,935,876,000 for the fiscal year ending December 31, 2023, compared to HKD 1,837,386,000 in the previous year[5]. - Net profit decreased significantly from HKD 21,452,000 to HKD 9,010,000 due to high operating costs and weak economic recovery in Hong Kong[5][16]. - Gross profit decreased to HKD 47,861,000, down 16.83% from HKD 57,514,000 in the previous year[196]. - Profit before tax was HKD 11,007,000, a decline of 54.91% compared to HKD 24,408,000 in 2022[196]. - Basic and diluted earnings per share decreased to HKD 3.22, down 57.93% from HKD 7.66 in 2022[196]. - The net profit for the year was HKD 9,010,000, contributing to a total comprehensive income of HKD 10,353,000, compared to HKD 21,188,000 in the previous year, indicating a decrease of about 51.2%[200]. - The company recognized a fair value gain of HKD 1,343,000 on equity investments during the year, contrasting with a fair value loss of HKD 264,000 in the previous year[200]. - The company declared dividends amounting to HKD 5,600,000 during the year, impacting retained earnings[200]. Assets and Liabilities - The total assets of the company as of December 31, 2023, amounted to HKD 232,062,000, with total equity of HKD 163,316,000 and total liabilities of HKD 68,746,000[17]. - The current ratio as of December 31, 2023, was approximately 3.3, down from 4.0 in the previous year[17]. - Cash and cash equivalents increased to HKD 110,498,000 from HKD 86,122,000 year-on-year[17]. - Current liabilities increased to HKD 64,555,000 from HKD 47,412,000 in the previous year[199]. - The company's equity attributable to owners increased to HKD 163,316,000 from HKD 158,563,000 in 2022[199]. - The company’s retained earnings increased to HKD 132,803,000 from HKD 122,258,000, showing a growth of approximately 8.7%[200]. Employee and Workforce - The number of employees increased to 65 as of December 31, 2023, compared to 48 in the previous year, with total employee compensation amounting to HKD 18,817,000, up from HKD 17,200,000[21]. - The employee compensation policy remains unchanged compared to the previous year, linking performance to rewards[21]. - Employee turnover rate for the fiscal year 2023 was 15.8% for those under 30 years old, 5.4% for ages 30 to 50, and 9.2% for those over 50[56]. - The total training hours provided to employees in fiscal year 2023 was 107 hours, with an average of 2 hours per trained employee, a decrease from 133 hours and 3.6 hours in fiscal year 2022[63]. - 43% of employees received training in fiscal year 2023, down from 77% in fiscal year 2022[63]. Environmental, Social, and Governance (ESG) - The report covers the company's ESG management approach and performance for the fiscal year 2023, with no changes in the reporting scope compared to the previous year[26]. - The company has established an ESG governance framework, with the board responsible for overseeing significant ESG issues and performance[33]. - Stakeholder engagement is prioritized, with communication channels established to address concerns related to business strategy, financial performance, and employee welfare[36]. - The company aims to align its development direction with stakeholder expectations through ongoing evaluation of ESG issues[39]. - Energy consumption decreased by 1.8% to 110,742 kWh in the fiscal year 2023, compared to 112,821 kWh in 2022[46]. - Total greenhouse gas emissions increased to 81.0 tons in 2023 from 78.3 tons in 2022, with scope 1 emissions at 0.0 tons and scope 2 emissions at 69.8 tons[44]. - The company has implemented measures to reduce harmful waste, with non-hazardous waste generated at 1,525 kg in 2023, compared to 1,413 kg in 2022[44]. - The company has committed to using electric vehicles to reduce greenhouse gas emissions from transportation[43]. - The company has established a recycling program for electronic waste, complying with local regulations for the disposal of regulated electronic equipment[50]. - The company plans to continue reviewing and developing ESG policies and goals to improve its ESG performance in the future[41]. Corporate Governance - The board of directors consists of eight members, including three executive directors and three independent non-executive directors, ensuring a diverse range of expertise[86]. - The company emphasizes strict adherence to ethical guidelines, with all employees required to comply with the established code of conduct[77]. - The company has established a governance policy to ensure compliance with legal and regulatory requirements[105]. - The board is collectively responsible for fulfilling corporate governance duties, which have been formally incorporated into its responsibilities[102]. - The audit committee is responsible for monitoring the integrity of financial statements before submission to the board[96]. - The attendance rate for the board meetings and committees in 2023 was 100% for all executive directors, with each attending all 6 board meetings and relevant committee meetings[107]. - The company has made amendments to its articles of association to comply with listing rules regarding shareholder protection[115]. - The independent directors have reviewed the compliance of the non-competition agreement established by the controlling shareholder, confirming adherence[113]. - The company is committed to enhancing corporate governance and ensuring compliance with regulatory requirements[110]. Shareholder Information - The company proposed a final dividend of HKD 0.015 per share, totaling HKD 4,200,000[133]. - As of December 31, 2023, the company's distributable reserves amounted to HKD 122,372,000, including share premium and special reserves of HKD 104,521,000[138]. - The board's ability to declare dividends depends on profitability, capital requirements, and overall financial condition[140]. - The company has a policy to declare dividends based on operating performance and financial health[140]. - Shareholders holding at least 10% of voting rights can request a special general meeting, ensuring their rights are protected[116]. Business Strategy - The company plans to diversify its product portfolio and increase product types to overcome current challenges[12]. - The management is committed to improving business strategies to enhance resilience and deliver higher returns to shareholders[12]. - The company aims to expand its product supply and brand portfolio while enhancing its distribution network to increase market share[84]. - The company is a leading mobile phone distributor in Hong Kong, representing brands such as Samsung, Honor, and TCL, and has been listed on the Hong Kong Stock Exchange since January 15, 2015[25].

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 1,935,876,000, representing an increase of 5.35% from HKD 1,837,386,000 in 2022[3] - Gross profit decreased to HKD 47,861,000, down 16.76% from HKD 57,514,000 in the previous year[3] - The profit before tax for 2023 was HKD 11,007,000, a decline of 54.91% compared to HKD 24,408,000 in 2022[3] - The net profit for the year was HKD 9,010,000, down 58.12% from HKD 21,452,000 in 2022[3] - Basic and diluted earnings per share for 2023 were both HKD 3.22, a decrease of 57.93% from HKD 7.66 in 2022[4] - Revenue increased from HKD 1,837,386,000 to HKD 1,935,876,000, representing a moderate growth[24] - Net profit decreased to HKD 9,010,000 from HKD 21,452,000, indicating a significant decline[16] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 212,393,000, an increase from HKD 191,921,000 in 2022[4] - Current liabilities increased to HKD 64,555,000 from HKD 47,412,000 in the previous year, reflecting a rise of 36.23%[4] - Total liabilities amounted to HKD 68,746,000, with total assets at HKD 232,062,000, resulting in a current ratio of approximately 3.3[26] - The total equity attributable to the owners of the company increased to HKD 163,316,000 from HKD 158,563,000, a growth of 2.23%[4] Cash and Liquidity - The company's cash and cash equivalents rose to HKD 110,498,000, up from HKD 86,122,000 in 2022, indicating a growth of 28.23%[4] - Cash and cash equivalents increased to HKD 110,498,000 from HKD 86,122,000, showing improved liquidity[27] Foreign Exchange and Investments - The company reported a net foreign exchange loss of HKD 723,000 in 2023, compared to a loss of HKD 796,000 in 2022[12] - The group's listed securities increased in value by 12.5% for the year ending December 31, 2023, attributed to improvements in the U.S. market, with fair value gains of HKD 1,343,000 compared to a loss of HKD 264,000 in 2022[29] - Dividend income received by the group was HKD 466,000, up from HKD 365,000 in 2022[29] Employee and Operational Insights - The number of employees increased to 65 as of December 31, 2023, from 48 in the previous year, with total salaries and benefits amounting to HKD 18,817,000, compared to HKD 17,200,000 in 2022[30] - The company faced challenges due to high operating costs, weak economic recovery in Hong Kong, and intense market competition[24] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and has complied with its provisions[34] - The audit committee, composed entirely of independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2023[36] - The group currently has no significant contingent liabilities or guarantees as of December 31, 2023[32] - The group has maintained compliance with all relevant laws and regulations regarding employment, working conditions, health, safety, and the environment[33] Future Plans and Shareholder Information - The company plans to diversify its product portfolio and integrate satellite technology and AI into mobile devices to create new market demand[25] - Proposed final dividend of HKD 1.5 cents per share, totaling HKD 4,200,000, subject to shareholder approval[21] - The annual report for 2023 will be distributed to shareholders in April 2024 and published on the company's website[39] - The management expresses gratitude to employees, customers, suppliers, and shareholders for their support during challenging times[40]

Financial Performance - For the six months ended June 30, 2023, the company's revenue decreased by 5% to HKD 675,452,000 compared to HKD 707,738,000 in the same period last year[6]. - The net profit attributable to shareholders for the same period was HKD 4,726,000, down from HKD 8,927,000 in the previous year[6]. - The gross profit margin for the period was approximately 3.39%, down from 3.80% in the previous year, reflecting the impact of rising costs[12]. - The company reported a basic and diluted earnings per share of HKD 1.69, compared to HKD 3.19 in the prior year[12]. - For the six months ended June 30, 2023, the company reported a profit of HKD 4,726,000, a decrease of 47.1% compared to HKD 8,927,000 for the same period in 2022[25]. Assets and Equity - Non-current assets decreased from HKD 14,054,000 as of December 31, 2022, to HKD 12,725,000 as of June 30, 2023[13]. - Current assets increased slightly from HKD 191,921,000 to HKD 195,839,000 during the same period[13]. - The total equity attributable to shareholders decreased from HKD 158,563,000 to HKD 157,884,000[13]. - The company's total equity attributable to owners increased to HKD 157,884,000 as of June 30, 2023, up from HKD 145,340,000 at the end of June 2022, representing an increase of 8.7%[14]. - The company's retained earnings increased to HKD 128,519,000 as of June 30, 2023, from HKD 100,509,000 at the end of June 2022, marking a growth of 27.9%[14]. Cash Flow and Liquidity - The company's cash and cash equivalents rose to HKD 100,709,000 from HKD 86,122,000, indicating improved liquidity[13]. - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 15,923,000, a significant improvement from a cash outflow of HKD 81,000 in the same period last year[15]. - The company's total cash and cash equivalents increased to HKD 100,709,000 as of June 30, 2023, compared to HKD 64,642,000 at the end of June 2022, reflecting a growth of 55.7%[15]. - The company recorded a net cash outflow from investing activities of HKD 82,000 for the six months ended June 30, 2023, compared to HKD 58,000 in the same period last year[15]. - The company’s financing activities resulted in a cash outflow of HKD 1,254,000 for the six months ended June 30, 2023, contrasting with a cash inflow of HKD 8,746,000 in the same period of 2022[15]. Tax and Expenses - The company recognized a tax expense of HKD 1,556,000 for the six months ended June 30, 2023, compared to HKD 824,000 for the same period in 2022, indicating a rise of 88.9%[24]. - The company recorded a fair value loss on equity instruments of HKD 962,000 for the six months ended June 30, 2023[14]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules throughout the reporting period[63]. - The audit committee, composed entirely of independent non-executive directors, reviewed the financial statements for the six months ending June 30, 2023[66]. Shareholder Information - Directors and their associates held a total of 205,582,221 shares, representing 73.42% of the issued share capital[50]. - Major shareholder Summertown Ltd holds 203,607,467 shares, representing approximately 72.72% of the company's issued share capital[62]. - Gold Sceptre Limited owns 191,357,867 shares, accounting for about 68.34% of the issued share capital[62]. - New Dragon International Group Limited has 146,442,667 shares, which is approximately 52.30% of the issued share capital[62]. Employee and Operational Information - The number of employees increased to 50 as of June 30, 2023, from 46 as of June 30, 2022[42]. - The group’s average credit period for trade customers is 30 days, with no interest charged on overdue debts[33]. - The group has no bank borrowings as of June 30, 2023, maintaining a strong liquidity position[40]. Risk Management - The company has no major financial risks reported in the current period[48]. - The company has no currency hedging policy but monitors currency fluctuation risks[47]. - The company has not reported any major currency risk due to the peg between HKD and USD[47]. - The company continues to monitor and assess the need for currency hedging as necessary[47]. Stock Options and Securities - The company’s stock options plan details are available in the 2022 annual report[57]. - As of June 30, 2023, the company had no unexercised stock options[55]. - The total number of unexercised stock options as of June 30, 2023, is 7,590,000, unchanged from December 31, 2022[60]. - The total number of stock options held by directors and their associates is 6,390,000, all of which are unexercised[60]. - No stock options were granted, exercised, or forfeited during the reporting period[60]. - The company did not purchase, sell, or redeem any of its listed securities during the period ending June 30, 2023[67]. - The exercise price for the stock options is set at HKD 2.36[60].

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之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對就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。 SiS MOBILE HOLDINGS LIMITED 新龍移 動集團有限 公司 * （於開曼群島註冊成立之有限公司） （股份代號：1362） 截至二零二三年六月三十日止六個月 中期業績 新龍移動集團有限公司（「本公司」）之董事（「董事」）欣然宣佈本公司及其附屬公司 （「本集團」）截至二零二三年六月三十日止六個月之簡明綜合業績，連同二零二二年 同期之比較數字。中期財務報表已由本公司審核委員會審閱。 簡明綜合損益及其他全面收益表 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 (未經審核 ) (未經審核) 收益 4 675,542 707,738 銷售成本 (652,662 ) (680,875) 毛利 22,880 26,863 其他收入 255 513 其他收益及虧損, 淨額 (410 ) (428) 銷售及分銷支出 (6,755 ) (5,913) 行政支出 (9,675 ) ...

Financial Performance - Revenue decreased by 19% to HKD 1,837,386,000 from HKD 2,275,455,000 in the previous year[5] - Net profit attributable to shareholders was HKD 21,452,000, down from HKD 33,286,000 year-on-year[5] - Gross profit for 2022 was HKD 57,514, down 20.4% from HKD 72,340 in 2021[178] - Profit before tax decreased to HKD 24,408, a decline of 39.2% from HKD 40,135 in the previous year[178] - Basic and diluted earnings per share for 2022 were both HKD 7.66, down from HKD 11.89 in 2021[178] - Total revenue for the year 2022 was HKD 1,837,386, a decrease of 19.3% compared to HKD 2,275,455 in 2021[178] Assets and Liabilities - The company's equity attributable to owners increased to HKD 158,563, up from HKD 137,375 in 2021[181] - Total assets as of December 31, 2022, were HKD 191,921, an increase of 9.3% from HKD 175,492 in 2021[181] - Current liabilities decreased to HKD 47,412, down 15.3% from HKD 55,912 in the previous year[181] - Cash and cash equivalents rose to HKD 86,122, an increase of 53.6% compared to HKD 56,035 in 2021[181] Operating Expenses and Cash Flow - Operating expenses rose by 3.5% to HKD 34,059,000, compared to HKD 32,916,000 in the previous year[13] - Operating cash flow before changes in working capital was HKD 27,531,000, down 41% from HKD 46,727,000 in the previous year[185] - Net cash generated from operating activities increased significantly to HKD 30,739,000 from HKD 749,000 in 2021[185] - The company incurred financial costs of HKD 303,000, up from HKD 111,000 in 2021, reflecting increased borrowing costs[185] Inventory and Waste Management - Inventory levels decreased by 45% to a reasonable level as of December 31, 2022[14] - The company generated 1,413 kg of non-hazardous waste in 2022, down from 1,688 kg in 2021[27] Employee and Compensation - The number of employees increased to 48 from 45 year-on-year, with total employee compensation of HKD 17,200,000[17] - The total number of full-time employees increased by 7% (or 3 employees) to 48 as of December 31, 2022[35] - The employee turnover rate in 2022 was high, reflecting a broader trend in Hong Kong, with expectations for improvement as government measures are implemented[41] Corporate Governance - The board of directors consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[65] - The company has confirmed that all independent non-executive directors meet the independence criteria as per the listing rules[66] - The audit committee convened four meetings in 2022 to review the group's financial performance and management accounts[75] - The company has adopted the corporate governance code as per the listing rules and confirmed compliance during the year[153] Environmental Impact - The company reported a total greenhouse gas emission of 78 tons for the fiscal year 2022, a slight decrease from 79 tons in 2021[27] - The company's electricity consumption for 2022 was 112,821 kWh, a reduction of 0.4% compared to 113,307 kWh in 2021[28] - The company promotes a green environment by encouraging recycling and reducing office waste[33] Shareholder Rights and Dividends - The company proposed a final dividend of HKD 0.02 per share, totaling HKD 5,600,000 for shareholders registered on July 4, 2023[115] - The company has a policy to declare dividends based on profitability and financial conditions, ensuring it does not affect normal operations[121] - Shareholders can request a special meeting if they hold at least 10% of the company's paid-up capital[94] Risk Management and Compliance - The company has no significant contingent liabilities or guarantees as of December 31, 2022[22] - The company has confirmed compliance with significant laws and regulations affecting its operations, including those of the Cayman Islands and Hong Kong[155] - The independent auditor identified revenue recognition from the sale of goods as a key audit matter due to its significance to the overall financial statements[166] Strategic Initiatives - The company aims to expand its product offerings and brand portfolio while enhancing its distribution network to increase market share[63] - The company has implemented a stock option plan to incentivize directors and senior staff since 2015[37] - The company has a strong management team with extensive experience in the information and communication technology industry, with key executives having over 30 years of experience[99][100][103]

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之內容概不負責，對其準確性或完備性亦無 發表聲明，且明確表示不會就本公告全部或任何部份內容或因倚賴該等內容而引致之任何損失承擔任何責 任。 SiS MOBILE HOLDINGS LIMITED 新龍移 動集團有限 公司 * （於開曼群島註冊成立之有限公司） （股份代號：1362） 截至二零二二年十二月三十一日止年度 全年業績 新龍移動集團有限公司（「本公司」）董事（「董事」）欣然宣佈本公司及其附屬公司 （「本集團」）截至二零二二年十二月三十一日止年度之經審核綜合業績，連同二零二 一年之比較數字載列如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收益 4 1,837,386 2,275,455 銷售成本 (1,779,872 ) (2,203,115) 毛利 57,514 72,340 其他收入 1,636 718 其他收益及虧損，淨額 5 (683 ) (7) 銷售及分銷支出 (12,795 ) (12,712) 行政支出 (20,961 ) (20,093) 財務成本 (303 ) ...

Financial Performance - The company's net profit attributable to shareholders increased by 23% to HKD 8,927,000 for the six months ended June 30, 2022, compared to HKD 7,234,000 in the same period last year[9]. - Revenue decreased by 25% to HKD 707,738,000 from HKD 940,694,000 year-on-year[9]. - Earnings per share rose from HKD 2.58 to HKD 3.19[10]. - The company reported a gross profit of HKD 26,863,000, up from HKD 24,578,000[20]. - The total comprehensive income for the six months ended June 30, 2022, was HKD 7,965,000, compared to HKD 8,214,000 for the same period in 2021, reflecting a decrease of approximately 3%[26]. - The pre-tax profit for the six months ended June 30, 2022, was HKD 8,927,000, up from HKD 7,234,000 in the same period of 2021, representing an increase of about 23%[54]. Assets and Liabilities - The company's total assets less current liabilities increased to HKD 145,978,000 from HKD 139,253,000[22]. - The net asset value of the company increased to HKD 145,340,000 from HKD 137,375,000[22]. - The company reported a total equity of HKD 137,375,000 as of January 1, 2022, compared to HKD 104,666,000 on January 1, 2021, marking an increase of approximately 31%[26]. - The company’s total liabilities decreased to HKD 28,000,000 as of June 30, 2022, from HKD 28,000,000 as of January 1, 2022, indicating stability in its financial position[26]. - The company’s retained earnings increased to HKD 109,436,000 as of June 30, 2022, from HKD 74,457,000 a year earlier, reflecting a growth of approximately 47%[26]. - The company’s total assets as of June 30, 2022, were HKD 145,340,000, compared to HKD 112,880,000 on June 30, 2021, indicating an increase of about 29%[26]. - The total assets of the group as of June 30, 2022, amounted to HKD 204,456,000, consisting of total equity of HKD 145,340,000 and total liabilities of HKD 59,116,000[83]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2022, was a negative HKD 81,000, a significant decline from HKD 13,865,000 in the previous year[29]. - The financing activities generated a net cash inflow of HKD 8,746,000 for the six months ended June 30, 2022, compared to a cash outflow of HKD 1,253,000 in the same period of 2021[29]. - The company's cash and cash equivalents increased to HKD 64,642,000 as of June 30, 2022, from HKD 70,064,000 a year earlier, indicating a decrease of approximately 7%[29]. - The group maintained a cash surplus of HKD 54,642,000 as of June 30, 2022, compared to HKD 56,035,000 as of December 31, 2021[83]. Operational Challenges - The company remains cautious due to adverse external conditions, including inflation and supply chain disruptions[11]. - The company acknowledges the impact of COVID-19 and geopolitical tensions on its operations and supply chain[11]. - The company aims to adapt its business model to the challenging environment and create new value opportunities for shareholders[10]. Investment and Shareholder Information - The group reported a current ratio of approximately 3.2 as of June 30, 2022, compared to 3.1 as of December 31, 2021[83]. - The group had a short-term bank loan of HKD 10,000,000 as of June 30, 2022, which was not present as of December 31, 2021[83]. - The total accounts receivable amounted to HKD 28,827,000 as of June 30, 2022, down from HKD 40,259,000 as of December 31, 2021[64]. - The total accounts payable was HKD 22,572,000 as of June 30, 2022, compared to HKD 23,722,000 as of December 31, 2021[69]. - The group did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[82]. - Major shareholders include Summertown Ltd with 203,607,467 shares (72.72%) and Gold Sceptre Limited with 191,357,867 shares (68.34%) as of June 30, 2022[125]. Corporate Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules throughout the reporting period[127]. - The company’s board of directors confirmed adherence to the standard code for securities trading during the reporting period[130]. - The company’s financial statements for the six months ending June 30, 2022, were reviewed by the audit committee, which consists of all independent non-executive directors[131]. - The company has not reported any other relevant interests or short positions in its issued share capital as of June 30, 2022[126]. Stock Options - The company reported a total of 6,390,000 stock options outstanding as of June 30, 2022[118]. - The exercise price for the stock options is set at HKD 2.36, with various expiration dates extending to June 30, 2023[118]. - The total number of stock options granted to employees and other eligible persons amounts to 7,590,000[118]. - The company has not issued, exercised, or forfeited any stock options during the reporting period[118].

Financial Performance - The total revenue for the fiscal year ended December 31, 2021, increased by 95% to HKD 2,275,455,000 compared to HKD 1,166,222,000 in the previous year[11] - Net profit attributable to shareholders rose to HKD 33,286,000, representing a growth of 207% from HKD 10,830,000 last year[17] - Earnings per share increased from HKD 0.0387 to HKD 0.1189[11] - Operating expenses for the year totaled HKD 32,916,000, an increase of 22% compared to HKD 27,001,000 in the previous year[17] - The total revenue from the sale of goods for the year ended December 31, 2021, was approximately HKD 2,275,455,000[192] Assets and Liabilities - The total assets of the group as of December 31, 2021, amounted to HKD 195,165,000, with total equity of HKD 137,375,000 and total liabilities of HKD 57,790,000[19] - Cash and cash equivalents stood at HKD 56,035,000, slightly down from HKD 57,489,000 a year earlier[20] - The group did not have any pledged assets as of December 31, 2021[21] - As of December 31, 2021, the company had no distributable reserves available for shareholders[134] Employee Information - As of December 31, 2021, the number of employees increased to 45 from 39 in 2020, with total employee compensation amounting to HKD 16,949,000, up from HKD 12,697,000 in 2020[25] - The total number of full-time employees increased by 15% to 45 as of December 31, 2021[88] - The employee training hours increased to a total of 167 hours in 2021, averaging 3.4 hours per employee, compared to 126 hours and 4.5 hours per employee in 2020[97] - The employee turnover rate is very low, and the company has never experienced operational disruptions due to safety incidents[94] Corporate Governance - The board of directors consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[32] - The company is committed to maintaining high corporate governance standards to protect shareholder interests and enhance corporate value[29] - The board is responsible for formulating business strategies and monitoring the company's performance, with most decisions made by the board rather than management[31] - The attendance rate for the board meetings in 2021 was 100% for all directors at the annual general meeting and 80% for committee meetings[62] - The company complied with the corporate governance code as stipulated in the listing rules throughout the year[180] Risk Management and Internal Control - The company has established an internal audit function, with two reviews of the risk management and internal control systems conducted in 2021[63] - The company has a structured approach to risk management and internal control, with regular evaluations and enhancements as necessary[63] Environmental Impact - The total greenhouse gas emissions for the fiscal year 2021 were 79 tons, a slight decrease from 80 tons in 2020[84] - The electricity consumption for 2021 was 113,307 kWh, representing a 4% decrease from 118,193 kWh in 2020 due to improved air circulation measures[80] - The amount of non-hazardous waste generated was 1,688 kg in 2021, up from 1,165 kg in 2020[79] - The water consumption increased by 28% to 169 cubic meters, although it remains insignificant[81] Shareholder Information - The company reported a total of 185,973,108 shares held by director Lin Jiafeng, representing 66.90% of the issued share capital[153] - Director Lin Jiaming holds 184,827,200 shares, accounting for 66.49% of the issued share capital[153] - Director Lin Huihai has a total of 9,244,358 shares, which is 3.33% of the issued share capital[153] - The company has purchased appropriate directors' liability insurance during the year[142] Donations and Community Engagement - The group made a donation of HKD 5,000 to charitable organizations in 2021[115] - The group emphasizes cash and in-kind donations as the most direct and effective way to serve the community[114] Stock Options and Incentives - The company has adopted a stock option plan to provide additional incentives for directors and employees, although no stock options were exercised, granted, or expired during the year[25] - The total number of stock options granted during the year amounted to 7,590,000[165] - The total number of stock options unexercised as of December 31, 2021, was 6,390,000[165] - The exercise price for the stock options was set at HKD 2.36[165] Customer and Supplier Concentration - The top five customers accounted for approximately 64% of the total revenue, with the largest customer contributing 20%[174] - The top five suppliers represented about 95% of the total purchase value, with the largest supplier accounting for 69%[174]