Financial Performance - Total revenue increased by 48% year-on-year to HK$551.1 million in 2024[12] - Profit before tax and impairment of non-financial assets was HK$74.7 million, compared to a loss of HK$11.6 million in 2023[9] - Gross profit margin improved to 49.1% year-on-year, reflecting effective cost control measures[13] - Profit attributable to owners of the Company was approximately HK$61,859,000 in 2024, compared to a loss of approximately HK$25,676,000 in 2023[29] - Gross profit for FY2024 was approximately HK$270.6 million, with a gross profit margin of 49.1%, compared to a gross profit of approximately HK$162.6 million and a margin of 43.7% in FY2023[45] - The Group recorded an operating profit of approximately HK$61.9 million for FY2024, a turnaround from an operating loss of approximately HK$25.7 million in FY2023[61] - The Group's revenue increased by approximately HK$178.8 million or 48.0%, from approximately HK$372.3 million for FY2023 to approximately HK$551.1 million for FY2024[47] Assets and Liabilities - Total assets as of December 31, 2024, were HK$452.4 million, up from HK$369.4 million in 2023[9] - Total liabilities increased to HK$206.5 million in 2024, compared to HK$174.4 million in 2023[9] - Equity attributable to owners of the Company rose to HK$245.9 million from HK$195.0 million in 2023[9] - Cash and cash equivalents increased by 49.5%, from approximately HK$48.7 million as of December 31, 2023, to approximately HK$72.8 million as of December 31, 2024[64] - Interest-bearing bank borrowings decreased by 73.2%, from approximately HK$23.1 million as of December 31, 2023, to approximately HK$6.2 million as of December 31, 2024[65] - The current ratio improved to approximately 1.6 times as of December 31, 2024, compared to approximately 1.2 times as of December 31, 2023[68] - The gearing ratio increased to approximately 27.5% as of December 31, 2024, from approximately 24.7% as of December 31, 2023[69] Market and Economic Environment - The global economic environment remains challenging, with uneven recovery across major markets impacting consumer confidence[11] - The global apparel market is expected to grow from US$708.8 billion in 2024 to US$766.6 billion in 2025, representing a growth rate of 8.2%[18] - Global economic growth is forecasted to remain at 2.8% in 2025, the same as in 2024, indicating a slow recovery[20] - The United Nations forecasts global economic growth of 2.8% in 2025, with challenges such as geopolitical conflicts and high debt levels expected to create market uncertainty[38] Operational Developments - The Group's production bases are located in five major garment exporting countries, enhancing its market responsiveness[12] - Primway S.A.R.L, acquired in 2023, has begun to realize synergies and boost the Group's European business in 2024[16] - The Group operates in over 40 markets worldwide, consolidating its sales network and partnerships[16] - The Group's production bases in major garment exporting countries have seen a steady increase in order volumes[29] - The Group aims to enhance production efficiency through increased investment in automation equipment[29] - The proportion of revenue from RFID products has significantly increased, reflecting the growing application of RFID technology in the retail sector[34] - The Group plans to expand the market for RFID products and enhance competitiveness by incorporating sustainability into its operations and sourcing environmentally friendly materials[42] Corporate Governance - The company is committed to maintaining high standards of corporate governance and has complied with all provisions of the Corporate Governance Code during the reporting period[103] - The Board is responsible for formulating the Group's strategy and overseeing management, ensuring sound internal control and risk management systems are in place[114] - The Company promotes a culture of openness and encourages Directors to voice differing views during meetings[115] - The Company emphasizes the importance of internal control and risk management to safeguard assets and shareholder interests[130] - The Company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance during the Reporting Period[129] Employee and Workforce - The Group's employee benefit expense for FY2024 was approximately HK$171.0 million, an increase from approximately HK$153.7 million in FY2023, reflecting a growth of about 11.5%[79] - As of FY2024, the total number of employees increased to 1,424, up from 1,219 in FY2023, representing a growth of approximately 16.8%[78] - As of the date of the annual report, the workforce gender ratio is 54.6% male (778 employees) and 45.4% female (646 employees)[181] - The company emphasizes the importance of gender diversity across all levels and plans to improve this balance in the future[182] Shareholder Communication - The company recognizes the importance of communication with shareholders and has adopted a Shareholders Communication Policy[186] - The AGM provides an opportunity for shareholders to communicate with the Board, with key members present to address questions[187] - Votes at general meetings are conducted by poll, with detailed procedures explained to shareholders[188] - Shareholders holding at least one-tenth of the paid-up capital can requisition an extraordinary general meeting (EGM)[191] Future Outlook - The Group's capital expenditure will be reduced in 2025 following the peak investment period[23] - The integration of Primway S.A.R.L. is expected to provide new momentum for the Group's European business in 2025[19] - The Group aims to strengthen its business resilience and explore new opportunities while consolidating existing markets[43]

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，概不對因本公告全部 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。 CIRTEK HOLDINGS LIMITED 常達控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1433） 截 至2024年12月31日止年度之末期業績 常達控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬 公 司（統 稱 為「本集團」）截 至2024年12月31日 止 年 度（「報告期」）之 綜 合 業 績 如 下： 綜合損益表 截 至2024年12月31日止年度 | | | | | | | | | | | | | | | | 註 | 2024年 | 2023年 | | | | 附 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Financial Performance - The Group's revenue increased by 65.1% to approximately HK$264.5 million in the first half of 2024, compared to approximately HK$160.3 million in the same period of 2023[6]. - The gross profit margin rebounded to 46.9% during the Review Period, up from 39.3% in the first half of 2023[6]. - Profit attributable to owners of the Company was approximately HK$31.3 million, compared to a loss of approximately HK$18.8 million in the first half of 2023[6]. - The overall gross profit margin for the same period amounted to approximately HK$124.2 million, reflecting a significant increase of approximately 97.3% from HK$62.9 million in the corresponding period of 2023[12]. - The reported net profit for the first half of 2024 was approximately HK$31.3 million, compared to a net loss of approximately HK$18.8 million in the first half of 2023[13]. - The increase in revenue was driven by a gradual recovery in demand for apparel brands across various regional markets, leading to an increase in customer orders[9]. - Revenue for the six months ended June 30, 2024, was HK$264,519,000, an increase from HK$160,255,000 in the same period of 2023, representing a growth of 65%[39]. - Gross profit for the same period was HK$124,174,000, compared to HK$62,926,000 in 2023, indicating a 97% increase[39]. - Profit before tax for the period was HK$37,848,000, a significant recovery from a loss of HK$18,067,000 in the previous year[39]. - The total comprehensive income for the period as of June 30, 2024, was HK$21,313,000, while the total comprehensive loss for the same period in 2023 was HK$28,615,000[42]. Operational Efficiency - The Group successfully transitioned to a profitable position by leveraging its global network of sales and production facilities[6]. - New plants in Bangladesh, Central America, and Eastern Europe have been operating smoothly, improving operational efficiency and reducing costs[6]. - The Group has established an extensive global network of sales and production facilities at strategic locations over the past several years[5]. - The Group has transitioned from the investment stage to the harvesting period, focusing on consolidating its business foundation and improving operational efficiency[16]. Market Conditions - The Chinese Mainland and the United States recorded GDP growth of 5.0% and 2.1% year-on-year, respectively, in the first half of 2024[5]. - Overall retail sales in the United States increased by 2.5% in sales orders between April and June 2024 compared to the same period last year[5]. - The improving global economic trend since the second half of 2023 has bolstered consumer sentiment and industry development[6]. - The overall consumer confidence index in the United States rose to 100.3 in July 2024, indicating improving market conditions[15]. - Retail sales in the apparel and accessories sector in the U.S. saw a 0.6% increase in June 2024 compared to the previous month[15]. Financial Position - As of June 30, 2024, the Group had net current assets of approximately HK$41.7 million, an increase of 46.3% from approximately HK$28.6 million as of December 31, 2023[14]. - Cash and cash equivalents increased to approximately HK$56.8 million as of June 30, 2024, up 66.5% from approximately HK$34.2 million as of December 31, 2023[14]. - The current ratio improved to approximately 1.27 times as of June 30, 2024, compared to approximately 1.19 times as of December 31, 2023[14]. - The gearing ratio decreased to approximately 19.2% as of June 30, 2024, down from approximately 24.7% as of December 31, 2023[14]. - The Group's interest-bearing bank borrowings were approximately HK$13.4 million as of June 30, 2024, a reduction of 41.5% from approximately HK$23.1 million as of December 31, 2023[14]. Shareholder Information - No interim dividend is recommended for the six months ended June 30, 2024, consistent with the previous year[20]. - The Group maintained a public float of no less than 25% as required under the Listing Rules[20]. - As of June 30, 2024, Mr. Barry Chan and Ms. Candy Law hold 1,308,000,000 shares of the Company, representing 65.4% of the total issued share capital[23]. - Mr. Barry Chan owns 51% and Ms. Candy Law owns 49% of Charming International, which holds the aforementioned shares[25]. - The interests of substantial shareholders include Charming International, which holds 1,308,000,000 shares, equating to 65.4% of the Company's total issued share capital[28]. Risk Management and Future Outlook - The Group remains cautiously optimistic about its outlook despite challenges such as high interest rates and uncertain trade relationships[15]. - The Group aims to minimize borrowings and enhance liquidity flexibility to strengthen resilience against market fluctuations[16]. - The Group will actively explore new business opportunities and diversify its operations to create long-term shareholder value[16]. - The Group's management expressed confidence in future performance despite known and unknown risks, as indicated in forward-looking statements[35]. Environmental Commitment - Solar panels have been installed in factories in Mainland China to reduce carbon emissions, emphasizing the Group's commitment to environmental protection[16]. Corporate Governance - The Company has established an Audit Committee comprising three independent non-executive Directors to oversee financial reporting and internal controls[30]. - The Audit Committee is responsible for safeguarding the Group's assets and ensuring effective risk management systems[30].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 264,519,000, representing a 65% increase from HKD 160,255,000 in the same period of 2023[1] - Gross profit for the same period was HKD 124,174,000, up 97% from HKD 62,926,000 year-on-year[1] - The company reported a profit before tax of HKD 37,848,000 compared to a loss of HKD 18,067,000 in the previous year[2] - Net profit for the period was HKD 31,292,000, a significant recovery from a loss of HKD 18,761,000 in 2023[2] - Basic and diluted earnings per share for the period were HKD 1.56, compared to a loss per share of HKD 0.94 in the prior year[2] - Total revenue for the six months ended June 30, 2024, reached HKD 264,519,000, a significant increase of 65% compared to HKD 160,255,000 for the same period in 2023[12] - The company reported a gross profit of HKD 123,174,000, representing a gross margin of approximately 46.5% for the first half of 2024[18] - The company achieved a net profit of approximately HKD 31,300,000 for the first half of 2024, compared to a net loss of HKD 18,800,000 in the same period of 2023[35] - The gross margin improved to 46.9% in the first half of 2024, compared to 39.3% in the same period of 2023[32] Assets and Liabilities - Non-current assets increased to HKD 194,679,000 as of June 30, 2024, from HKD 187,668,000 at the end of 2023[4] - Current assets totaled HKD 193,838,000, up from HKD 181,757,000 at the end of 2023[4] - The company's total equity increased to HKD 216,345,000 from HKD 195,032,000 year-on-year[5] - Non-current assets totaled HKD 185,453,000 as of June 30, 2024, compared to HKD 178,814,000 at the end of 2023, indicating a growth of 3.6%[13] - Trade receivables increased to HKD 46,929,000 as of June 30, 2024, compared to HKD 45,566,000 as of December 31, 2023, with a net book value of HKD 45,951,000[25] - Trade payables decreased to HKD 54,938,000 as of June 30, 2024, from HKD 57,323,000 as of December 31, 2023[26] - As of June 30, 2024, the group's net current assets amounted to approximately HKD 41,700,000, an increase from HKD 28,600,000 as of December 31, 2023[36] - The group's cash and cash equivalents reached approximately HKD 56,800,000 as of June 30, 2024, compared to HKD 34,200,000 as of December 31, 2023[36] - The current ratio improved to approximately 1.27 times as of June 30, 2024, up from 1.19 times as of December 31, 2023[37] - The debt-to-equity ratio was approximately 19.2% as of June 30, 2024, a decrease from 24.7% as of December 31, 2023[37] Market and Growth Strategy - The company continues to focus on the production and sale of printed products, with ongoing investments in technology and market expansion[7] - The financial results reflect a strong recovery and growth strategy, positioning the company for future opportunities in the market[8] - Revenue from mainland China was HKD 93,527,000, up 56% from HKD 59,815,000 year-over-year[12] - The company plans to expand its market presence in Bangladesh, where revenue increased by 120% to HKD 44,476,000[12] - The company continues to focus on enhancing its product offerings and exploring potential mergers and acquisitions to drive future growth[10] - The company is actively developing and improving RFID products and solutions to capitalize on the growing application of RFID technology in the retail and apparel industry[33] - The group is focusing on RFID technology as a key development area, which is expected to drive growth as major brands adopt RFID products[41] Expenses and Financial Management - The cost of sales increased to HKD 140,345,000 for the six months ended June 30, 2024, compared to HKD 97,329,000 in the previous year, reflecting a rise of 44%[18] - The company recorded other income and gains of HKD 3,933,000 for the first half of 2024, down from HKD 5,778,000 in the same period last year[17] - Total tax expenses for the period amounted to HKD 6,556,000, a significant increase from HKD 694,000 in the previous year[21] - The company incurred tax expenses at a rate of 25% for profits generated in China and 21% for U.S. federal income tax[20] - Sales and distribution expenses increased by approximately 6.8% to HKD 31,600,000, driven by an increase in the number of sales representatives and sales activities[34] - Administrative expenses rose by approximately 4.2% to HKD 57,300,000, primarily due to increased operational costs from expanding new subsidiaries[35] Sustainability and Corporate Responsibility - The company has been focusing on sustainable development by sourcing biodegradable materials and reducing the use of microplastics in its products[33] - The group has constructed solar panels in its factories in mainland China to reduce carbon emissions, emphasizing its commitment to environmental sustainability[41] Corporate Governance and Compliance - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant financial impact during the current accounting period[10] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim consolidated financial information for the six months ended June 30, 2024, and confirmed compliance with applicable accounting standards[51] - The interim report for the six months ended June 30, 2024, containing all information required by the listing rules, has been published on the Hong Kong Stock Exchange website and the company's website[52] - Forward-looking statements regarding the group's financial condition and operational performance are subject to known and unknown risks and uncertainties that may cause actual results to differ significantly from those anticipated[53] Employee and Management - Total remuneration for key management personnel was HKD 3,798,000 for the six months ended June 30, 2024, up from HKD 3,583,000 in the previous year[31] - The board expresses gratitude to all employees for their hard work and dedication, which are essential for the group's continued success[54] Dividend and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[22] - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2024[44] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period, and as of June 30, 2024, it held no treasury shares[51]

Financial Performance - Revenue for the year ended December 31, 2023, was HK$372,310,000, a decrease of 8.9% compared to HK$408,572,000 in 2022[10] - Profit before tax and impairment of non-financial assets was a loss of HK$11,585,000, compared to a profit of HK$20,310,000 in 2022[10] - The Group recorded a net loss attributable to owners of approximately HK$25.7 million for the year, compared to a profit of approximately HK$12.6 million in 2022[31] - The Group's revenue decreased by 8.9% year-on-year to approximately HKD 372.3 million in 2023, down from HKD 408.6 million in 2022[34] - The Group's operating loss was approximately HK$25.7 million compared to an operating profit of approximately HK$12.6 million in FY2022[65] Assets and Liabilities - Total assets as of December 31, 2023, were HK$369,425,000, down from HK$395,067,000 in 2022, reflecting a decrease of 6.5%[10] - Total liabilities increased to HK$174,393,000 in 2023, up from HK$155,807,000 in 2022, representing a rise of 11.9%[10] - Equity attributable to owners of the Company decreased to HK$195,032,000 in 2023 from HK$239,260,000 in 2022, a decline of 18.5%[10] - Net assets decreased to approximately HK$195.0 million as of 31 December 2023, down from approximately HK$239.3 million as of 31 December 2022[72] - The Group's net current assets decreased to approximately HK$28.6 million as of December 31, 2023, down approximately HK$41.8 million from approximately HK$70.4 million as of December 31, 2022, resulting in a current ratio of 1.2 times, down from 1.5 times[76][80] Market Trends and Consumer Confidence - The Global Consumer Confidence Index recorded a month-on-month increase of 0.5 points to 47.71 in December 2023, indicating signs of recovery in the retail industry[14] - The retail industry faced challenges due to high interest rates and inflation, leading to low consumer confidence and excess inventory[13] - Apparel sales in certain areas returned to pre-pandemic levels, revitalizing the global manufacturing industry, including apparel labels and trim products[14] - The global consumer confidence index rose to 49.1 points in February 2024, indicating a gradual improvement in the retail environment[43] Strategic Initiatives and Growth - The Group's global expansion strategy continued despite economic challenges, demonstrating resilience and adaptability in various markets[13] - The Group completed the acquisition of 25% equity in Primway S.A.R.L, enhancing its business presence in Europe and contributing to immediate revenue growth[19] - The Group's RFID product sales experienced steady growth due to increased adoption in the apparel industry, attracting many new customers in Europe[20] - The Group expanded its production capacity with new plants in Mexico and Bangladesh, establishing production bases across Asia, Europe, and America by the end of 2023[19] - The Group's sales network has been extended to over 40 markets globally, with new sales offices in Italy and Spain successfully attracting new customers and orders[19] Cost Management and Profitability - The Group maintained an annual gross profit margin of 43.7% despite a revenue decline of approximately 8.9% to HK$372.3 million in 2023, down from HK$408.6 million in 2022[31] - The Group's gross profit decreased by approximately HK$10.9 million or 6.3%, from approximately HK$173.5 million in FY2022 to approximately HK$162.6 million in FY2023, with a gross profit margin increase from 42.5% to 43.7%[52] - The Group's proactive cost control measures and flexible resource deployment helped maintain its gross profit margin despite rising labor costs due to inflation[31] Financial Management and Governance - The Group maintained a prudent financial management approach, ensuring a healthy liquidity position throughout the reporting period[82][89] - The Group did not recommend the payment of a final dividend for FY2023, compared to HK$0.20 per ordinary share for FY2022[95][101] - The Board consists of six Directors, including three executive Directors and three independent non-executive Directors, ensuring a balanced composition for effective management[124] - The Company has adopted a dividend policy allowing for the declaration and distribution of dividends at the Board's discretion[192] Internal Controls and Risk Management - The Company emphasizes the importance of internal control and risk management to protect its assets and shareholders' interests[151] - The Audit Committee reviews the Group's control environment and risk assessment processes to ensure effective management of business and control risks[151] - The Board is satisfied that the overall financial, operational, and compliance controls, as well as risk management, remain effective and adequate[154] Shareholder Communication and Engagement - The Company recognizes the importance of communication with shareholders and has adopted a Shareholders Communication Policy[194] - The AGM provides an opportunity for communication between the Board and shareholders, with key personnel present to address questions[195] - Voting at general meetings will be conducted by poll, with detailed procedures explained to shareholders[196] - The Company aims to ensure timely information is provided to shareholders to enable informed engagement and exercise of rights[200]

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 408,572,000, an increase from HKD 235,116,000 in 2022[3] - Gross profit for the year was HKD 173,456,000, compared to HKD 162,553,000 in the previous year, reflecting a gross margin improvement[3] - The net profit attributable to the owners of the company for the year was HKD 12,558,000, a significant recovery from a loss of HKD 25,676,000 in 2022[3] - Basic and diluted earnings per share for the year were HKD 0.63, compared to a loss per share of HKD 1.28 in the previous year[3] - Total comprehensive loss for the year amounted to HKD 40,236,000, compared to a loss of HKD 5,413,000 in 2022, primarily due to foreign exchange losses[4] - The company's total equity increased to HKD 239,260,000 from HKD 195,032,000, reflecting a stronger financial position[7] - The group reported a net loss attributable to shareholders of HKD 25,676,000 for the year, compared to a profit of HKD 12,558,000 in the previous year, indicating a significant decline in profitability[42] Revenue Breakdown - Total revenue for 2023 reached HKD 408,572,000, an increase of 9.7% compared to HKD 372,310,000 in 2022[22] - Revenue from Mainland China was HKD 128,401,000, a decrease of 6.9% from HKD 137,517,000 in 2022[22] - Revenue from Hong Kong decreased by 30.2% to HKD 54,721,000 from HKD 78,373,000 in 2022[22] - Revenue from Bangladesh was HKD 50,696,000, down 16.2% from HKD 60,481,000 in 2022[22] - The company reported no revenue from any major customer contributing over 10% of total revenue in 2023, compared to HKD 43,501,000 from a major customer in 2022[25] Assets and Liabilities - Non-current assets totaled HKD 189,170,000 as of December 31, 2023, slightly up from HKD 187,668,000 in 2022[6] - Current assets increased to HKD 205,897,000 from HKD 181,757,000 in the previous year, indicating improved liquidity[6] - Current liabilities decreased to HKD 135,521,000 from HKD 153,159,000, enhancing the company's net current asset position[6] - Trade receivables net value increased from HKD 42,923,000 in 2022 to HKD 44,912,000 in 2023, an increase of approximately 5%[43] - Trade payables decreased from HKD 57,323,000 in 2022 to HKD 53,572,000 in 2023, a reduction of about 6%[46] Costs and Expenses - The cost of sales increased from HKD 209,757,000 in 2022 to HKD 235,116,000 in 2023, reflecting an increase of about 12%[34] - Total other income and gains decreased from HKD 9,516,000 in 2022 to HKD 1,901,000 in 2023, representing a decline of approximately 80%[32] - The total tax expense for the year was HKD 6,218,000, slightly up from HKD 6,026,000 in 2022, marking an increase of about 3%[38] - Employee benefits expenses for the fiscal year 2023 were approximately HKD 153.7 million, compared to HKD 156.7 million in the fiscal year 2022[85] Strategic Focus and Future Plans - The company continues to focus on the production and sales of printed products, with plans for market expansion and potential new product development[10] - The group plans to enhance its competitive advantage by increasing the use and development of sustainable materials and products, with a solar power system set to be operational in its China factory by 2024[1] - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not significantly impact the financial statements[18] - The group focused on optimizing its global sales network, successfully attracting new customers in Spain and Italy during challenging market conditions[55] - The group invested more resources in developing RFID products, which saw significant sales growth and increased their share of overall business[56] Acquisitions and Investments - The group acquired 100% of the shares of Card King Limited for HKD 5,000,000 to expand its business scope[47] - The company made a significant acquisition of shares in Primway S.A.R.L for a total consideration of EUR 1,095,000 on February 24, 2023[88] - Card King Limited generated revenue of HKD 8,510,000 but incurred a loss of HKD 2,330,000 for the year ended December 31, 2022[50] Shareholder Information - The board of directors did not recommend a final dividend for the fiscal year 2023, whereas a dividend of HKD 0.20 per share was paid in the fiscal year 2022[86] - The annual general meeting for shareholders is scheduled for June 21, 2024, with eligible shareholders entitled to attend and vote[107] - Share transfer registration will be suspended from June 18 to June 21, 2024, to facilitate the annual general meeting[108] Audit and Compliance - The preliminary announcement of the group's performance for the fiscal year 2023 has been verified by Ernst & Young, aligning with the consolidated financial statements[105] - The audit committee consists of three independent non-executive directors, including Ms. Lu Meien (Chair), Mr. Li Dechang, and Mr. Lin Chuqing[104]

Financial Performance - The Group recorded revenue of approximately HK$160.3 million for the first half of 2023, a decrease of 24.7% compared to approximately HK$212.8 million in the same period last year[11]. - The loss attributable to owners of the Company was approximately HK$18.8 million in the first half of 2023, compared to a profit of approximately HK$9.3 million in the same period last year[11]. - The overall performance of the apparel industry was unsatisfactory due to reduced consumer spending on non-essential goods, particularly in North America[10]. - Other income decreased by approximately 20.5% from approximately HK$7.3 million in the first half of 2022 to HK$5.8 million for the six months ended 30 June 2023[25][33]. - Selling and distribution expenses increased by approximately 6.7% from approximately HK$27.7 million in the first half of 2022 to approximately HK$29.6 million in the same period of 2023[27][34]. - Administrative expenses rose by approximately 7.8% from approximately HK$51.1 million in the first half of 2022 to approximately HK$55.0 million in the same period of 2023[28][35]. - Reported net loss for the first half of 2023 was approximately HK$18.8 million, compared to a net profit of approximately HK$9.3 million in the first half of 2022[41][50]. - The company incurred a loss before tax of HK$18,067,000, compared to a profit of HK$13,319,000 in the prior year[129]. - The net loss for the period was HK$18,761,000, contrasting with a profit of HK$9,273,000 in the previous year[131]. - Total comprehensive loss attributable to owners of the company for the period was HK$28,615,000, compared to HK$3,025,000 in the prior year[131]. Cost and Profitability - The gross profit margin decreased to 39.3% in the first half of 2023, down from 40.5% in the first half of 2022, due to high labor costs despite a decrease in raw material and transportation costs[11]. - Gross profit for the same period was HK$62,926,000, down 26.9% from HK$86,165,000 year-over-year[129]. - The cost of sales for the six months ended June 30, 2023, was HK$97,329,000, down 23.2% from HK$126,688,000 in 2022[177]. Assets and Liabilities - As of 30 June 2023, the Group had net current assets of approximately HK$31.4 million, down from approximately HK$70.4 million as of 31 December 2022[43][51]. - Cash and cash equivalents for the Group accounted for approximately HK$32.8 million as of 30 June 2023, compared to approximately HK$62.3 million as of 31 December 2022[52]. - Interest-bearing bank borrowings amounted to approximately HK$25.2 million as of 30 June 2023, an increase from approximately HK$20.9 million as of 31 December 2022[53]. - The current ratio was approximately 1.23, down from 1.52 as of December 31, 2022[54]. - The gearing ratio increased to approximately 23.6% as of June 30, 2023, compared to 21.3% as of December 31, 2022[54]. - Total non-current assets increased to HK$192,094,000 as of June 30, 2023, up from HK$189,170,000 at December 31, 2022, reflecting a growth of 1.5%[133]. - Current assets decreased to HK$169,048,000, down 18% from HK$205,897,000 at December 31, 2022, primarily due to a reduction in cash and cash equivalents[133]. - Total equity decreased to HK$206,648,000 as of June 30, 2023, down 13.6% from HK$239,260,000 at December 31, 2022[134]. Strategic Initiatives - The Group is establishing strategic factories in China, Vietnam, and Bangladesh, with the new factory in Bangladesh nearing completion and production gradually moving there[17]. - The Group launched RFID products during the Review Period, receiving numerous inquiries from existing and potential customers, indicating a resilient sales performance amid challenging conditions[18]. - The Group is actively investing in research and development to explore new RFID products and enhance related technologies and productivity[18]. - The Group acquired a portion of the equity of Primway S.A.R.L, a French packaging company, to create synergies and expand into the international market[19]. - The Group's new factory for fast printing, Yinyibai, launched in December 2022, has enhanced its online retail channel[19]. - The Group is actively expanding its production capabilities with new factories in Bangladesh and Mexico to enhance efficiency and meet growing market demand[20][21]. - The Group plans to invest resources to expand its RFID product market, which is experiencing increasing demand[72]. - The Group plans to expand its fast printing business to the B2B level through Yinyibai, responding to increasing market demand driven by international exhibitions and conferences[77][81]. Market Conditions - The global economy is projected to grow by 2.7% in real terms in 2023, with the Group cautiously optimistic about the apparel label and trim product industries[70]. - Retail sales in Hong Kong grew by 19.6% year-on-year in June 2023, indicating signs of improvement in the retail industry[71]. - The Group's order volume shows signs of stabilization, with some customer projects delayed from early to late 2023, potentially enhancing sales performance[74]. - The Group's factory relocation in Bangladesh is nearing completion, and the Sri Lanka facility is expected to commence production within the year, positioning the Group to capitalize on market improvements[74]. Corporate Governance - The company established an Audit Committee comprising three independent non-executive Directors to oversee financial reporting and internal controls[116]. - The company has maintained compliance with corporate governance standards as outlined in the CG Code[116]. - There were no competing interests reported by the Directors or substantial shareholders for the six months ended June 30, 2023[115]. - The company has not issued any new stock options during the reporting period[103]. - The interests of directors and chief executives in shares are disclosed in accordance with the Securities and Futures Ordinance[108]. Shareholder Information - No interim dividend is recommended for the six months ended June 30, 2023[85]. - Directors and chief executives hold a total of 1,308,000,000 shares, representing approximately 65.4% of the company's total issued share capital[109]. - Charming International, a controlled corporation, holds 1,308,000,000 shares, with Mr. Barry Chan and Ms. Candy Law owning 51% and 49% respectively[112].

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，概不對因本公告全部 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。 CIRTEK HOLDINGS LIMITED 常達控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1433） 截至2023年6月30日止六個月之 中期業績公告 常達控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈本公司及其附 屬公司（下文統稱為「本集團」）截至2023年6月30日止六個月之未經審核中期簡明 綜合業績（已由本公司審核委員會（「審核委員會」）審閱），連同2022年同期的比較 數字如下： 中期簡明綜合損益表 截至2023年6月30日止六個月 截至6月30日止六個月 2023年 2022年 （未經審核） （未經審核） 附註 千港元 千港元 收益 4 160,255 212,853 銷售成本 (97,329) (126,688) ...

Financial Performance - For the year ended December 31, 2022, the company reported revenue of approximately HK$408.6 million, representing a year-on-year increase of over 12.7%[10] - The profit for the year amounted to HK$12.6 million, despite facing significant cost pressures throughout the year[14] - The Group's revenue for FY2022 increased by approximately 12.7% year-on-year, amounting to HK$408.6 million, compared to HK$362.5 million in 2021[33] - The gross profit margin was maintained at 42.5% despite rising raw material costs and supply chain disruptions[33] - Gross profit increased by approximately HK$15.5 million or 9.8%, from approximately HK$158.0 million in FY2021 to approximately HK$173.5 million in FY2022, with the gross profit margin decreasing from 43.6% to 42.5%[54][59] - Other income and gains rose by approximately HK$2.9 million, from approximately HK$6.6 million in FY2021 to approximately HK$9.5 million in FY2022, mainly due to government subsidies received[55][60] - Selling and distribution expenses increased by approximately HK$7.6 million or 16.6%, from approximately HK$45.8 million in FY2021 to approximately HK$53.4 million in FY2022, primarily due to higher marketing and promotion expenses[56][61] - Administrative expenses increased by approximately HK$18.3 million or 19.2%, from approximately HK$95.1 million in FY2021 to HK$113.4 million in FY2022, due to an increase in headcount and operational expansion[62][67] Assets and Liabilities - Total assets as of December 31, 2022, were HK$395.1 million, while total liabilities stood at HK$155.8 million[10] - Equity attributable to owners of the company decreased to HK$239.3 million from HK$249.7 million in 2021[10] - As of December 31, 2022, the Group had net assets of approximately HK$239.3 million, down from approximately HK$249.7 million as of December 31, 2021[73] - The Group maintained cash and bank balances of approximately HK$62.3 million as of December 31, 2022, compared to approximately HK$102.1 million as of December 31, 2021[74] - Interest-bearing bank borrowings increased to approximately HK$20.9 million as of December 31, 2022, from approximately HK$13.6 million as of December 31, 2021[75] - The Group's net current assets decreased to approximately HK$70.4 million as of December 31, 2022, down by approximately HK$37.4 million from approximately HK$107.8 million as of December 31, 2021, resulting in a current ratio of 1.5 times, down from 1.8 times[77][81] - The gearing ratio increased from approximately 18.5% as of December 31, 2021, to approximately 21.3% as of December 31, 2022, mainly due to an increase in interest-bearing bank borrowings during the reporting period[78][82] Market and Operational Strategy - The company has established production factories in major apparel manufacturing countries, including China, Vietnam, and Bangladesh, and developed a sales network in over 40 major fashion markets globally[18] - New sales bases have been set up in Southern and Western Europe and Central America, with production bases launched in Turkey and India to support sales[18] - The company has successfully diversified its supply chain by shifting production activities to different countries, attracting more brands to cooperate and expanding its customer base[18] - The global market faced challenges due to geopolitical tensions, inflation, and disrupted supply chains, impacting consumer sentiment and market needs[13] - The company remains resilient and flexible amidst these challenges, leveraging its effective business strategies to navigate the difficult market conditions[14] - The apparel market and manufacturing industries globally faced downward pressure, but the company recorded a year-on-year growth in revenue[14] - The Group's strategic global arrangements include setting up factories in major apparel manufacturing countries, enhancing productivity in Bangladesh, and expanding into regions with development potential[38] Investments and Acquisitions - The Group strategically acquired 25% equity of Primway S.A.R.L in February 2023 to strengthen its market share in Europe[20] - The acquisition of Print100 Limited was completed on May 6, 2022, and the new factory in Kwai Chung was launched in December 2022, focusing on the fast printing business[43] - On January 27, 2022, the Company entered into a provisional sale and purchase agreement to acquire 100% of Print100 Limited, which was completed on May 6, 2022[102] - On February 24, 2023, the Group entered into an investment agreement to acquire shares in Primway S.A.R.L for a total consideration of EUR1,095,000[91][97] Corporate Governance - The company is committed to high standards of corporate governance, emphasizing accountability and transparency[126] - The Board consists of six Directors, including three executive Directors and three independent non-executive Directors, ensuring a balanced composition for effective management[131] - Independent non-executive Directors are appointed for a term of three years, subject to retirement by rotation as per the company's Articles of Association[134] - The Nomination Committee, primarily composed of independent non-executive Directors, is responsible for recommending candidates for directorship[135] - The Board is responsible for formulating the Group's strategy, overseeing management, and ensuring sound internal control and risk management systems are in place[138] - Key decisions are fully discussed at board meetings, with all directors encouraged to contribute actively and express differing views[139] - The Company emphasizes the importance of internal control and risk management to safeguard assets and shareholder interests[158] Shareholder Communication and Dividends - The Company has adopted a Dividend Policy allowing the declaration and distribution of dividends at the Board's discretion, with interim dividends determined as appropriate[198] - The Company recognizes the importance of communication with Shareholders and has adopted a Shareholders Communication Policy to provide timely information and enable active engagement[199] - The AGM serves as a platform for communication between the Board and Shareholders, with key figures present to address questions raised by Shareholders[200] - The final dividend recommended by the Board is HK$0.20 per ordinary share, down from HK$0.25 in 2021[33]

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，概不對因本公告全部 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。 CIRTEK HOLDINGS LIMITED 常達控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1433） 截至2022年12月31日止年度之末期業績 以及預期動用所得款項的最新時間表 常達控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬 公司（統稱為「本集團」）截至2022年12月31日止年度（「報告期」）之綜合業績如下： 綜合損益表 截至2022年12月31日止年度 附註 2022年 2021年 千港元 千港元 收益 3 408,572 362,513 銷售成本 (235,11 6) (204,503) 毛利 173,456 158,010 其他收入及收益 3 9,516 6,550 銷售及分銷開支 (53,435) (45,790) 行政開支 (113,424) (95,143) 其他經營收入╱（開支）淨額 4,866 (120) 融資成本 5 (2 ...