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 ...

Financial Performance - For the six months ended June 30, 2022, the Group recorded revenue of approximately HK$212.8 million, an increase of 36.1% compared to HK$156.4 million in the same period last year[9]. - Profit attributable to the owners of the Company increased approximately four times to about HK$9.3 million, with a profit margin of 4.4%, compared to HK$2.1 million and 1.4% in the first half of 2021[9]. - Reported net profit for the first half of 2022 was approximately HK$9.3 million, an increase from approximately HK$2.1 million in the first half of 2021, reflecting improved financial performance due to stable business development across multiple countries[28]. - Profit before tax increased significantly to HK$13,319,000, compared to HK$3,804,000 in the previous year, marking a growth of 250%[96]. - Basic earnings per share for the period were HK$0.46, compared to HK$0.11 for the same period in 2021, indicating a significant improvement in profitability[96]. - The Group's profit before tax for the six months ended June 30, 2022, was HK$9,273,000, compared to HK$2,136,000 for the same period in 2021, representing a significant increase[162]. Revenue Growth - The Group's unaudited consolidated revenue for the six months ended June 30, 2022, was approximately HK$212.8 million, representing a 36.1% increase compared to approximately HK$156.4 million in the same period of 2021[20][23]. - Revenue from Mainland China was HK$73,164,000, up 32% from HK$55,410,000 in the previous year[125]. - The Group's revenue from the sale of printing products was HK$212,853,000, with all revenue derived from this segment[135]. - The Group's geographical revenue distribution included HK$40,945,000 from Hong Kong, up from HK$30,158,000 in the previous year[125]. - The total revenue from Bangladesh, Vietnam, the United States, and other countries was HK$34,603,000, compared to HK$31,533,000 in the prior year[125]. Cost and Expenses Management - The Group implemented stringent cost control measures and optimized production capacity to mitigate the impact of rising raw material prices and labor costs[9]. - Selling and distribution expenses rose by approximately 24.5%, from approximately HK$22.2 million in the first half of 2021 to approximately HK$27.7 million in the first half of 2022, driven by increased marketing consultancy fees and salaries[26]. - Administrative expenses increased by approximately 13.8%, from approximately HK$44.8 million in the first half of 2021 to approximately HK$51.1 million in the same period of 2022, mainly due to rising labor costs and operational costs of expanding new subsidiaries[26]. - The total tax charge for the period was HK$4,046,000, compared to HK$1,668,000 in the prior period, representing an increase of approximately 142%[154]. Market Expansion and Client Acquisition - The Group successfully expanded its sales network, with Vietnam showing the highest growth rate in sales compared to other markets during the Review Period[10]. - The Group acquired two new clients in the Chinese market and secured numerous domestic brand clients, actively expanding its local market presence[10]. - Sales offices in emerging markets such as Mexico and Spain have commenced operations, with plans to establish new production bases in these regions in the second half of the year[10]. - In May 2022, the Group completed the acquisition of Print100 Limited, which is expected to enhance brand reputation and diversify income sources[16][18]. Sustainability and Innovation - The Group's strategic focus on green consumerism aligns with the increasing awareness among international apparel brands, driving new development momentum in the industry[8]. - The Group launched more environmentally friendly products made from recyclable materials to meet market demands and support ESG initiatives[15][17]. - The Group is committed to sustainability by using environmentally friendly materials and inks, including 100% water-based ink for heat transfer labels[45]. Financial Position and Assets - As of 30 June 2022, the Group had net current assets of approximately HK$98.7 million, down from approximately HK$107.8 million as of 31 December 2021[28]. - Cash and cash equivalents as of 30 June 2022 were approximately HK$95.5 million, a decrease from approximately HK$102.1 million as of 31 December 2021[30]. - Interest-bearing bank borrowings were approximately HK$11.5 million as of 30 June 2022, down from approximately HK$13.6 million as of 31 December 2021[30]. - The gearing ratio was approximately 2.9% as of 30 June 2022, down from approximately 3.4% as of 31 December 2021, indicating a solid financial position[30]. - Non-current assets totaled HK$170,584,000 as of June 30, 2022, up from HK$164,658,000 at the end of 2021, indicating a growth of 3.7%[100]. Corporate Governance - The Company has complied with all provisions of the Corporate Governance Code during the review period[47]. - The Company confirmed compliance with the corporate governance code as per the Listing Rules throughout the reporting period[56]. - The Group maintained high standards of corporate governance practices and procedures[56]. Employee and Management - Employee benefit expenses for the Reporting Period amounted to approximately HK$73.6 million, an increase from approximately HK$63.6 million in the same period of 2021[32]. - The Group had a total of 1,146 employees as of 30 June 2022, compared to 1,000 employees as of 30 June 2021[32]. - The compensation for key management personnel for the six months ended June 30, 2022, was HK$2,850,000, a decrease from HK$3,547,000 in the same period of 2021[190].

Financial Performance - Revenue for FY2021 reached HK$362.5 million, a 39.8% increase from HK$259.3 million in FY2020[9] - Profit for the year attributable to owners of the Company soared to HK$15.0 million, representing an increase of over 809% compared to HK$1.6 million in FY2020[9] - The Group's revenue for FY2021 exceeded pre-COVID-19 levels, with a year-on-year increase of over 50% in key markets such as China, Vietnam, and Bangladesh[15] - Net profit for FY2021 surged over 809% to approximately HKD 15 million compared to the same period in 2020[15] - The gross profit margin decreased from approximately 50.2% in FY2020 to approximately 43.6% in FY2021, attributed to a 58.4% increase in cost of sales[30] - The cost of sales rose by approximately HK$75.4 million, representing an increase of 58.4%, from approximately HK$129.1 million in FY2020 to approximately HK$204.5 million in FY2021, driven by increased sales volume and procurement prices[48] - The Group's gross profit increased by approximately HK$27.8 million or 21.4%, from approximately HK$130.2 million in FY2020 to approximately HK$158.0 million in FY2021, with the gross profit margin decreasing from approximately 50.2% to 43.6%[48] Assets and Liabilities - Total assets increased to HK$401.0 million, up from HK$361.7 million in FY2020, reflecting a growth of 10.5%[9] - The total liabilities rose to HK$151.4 million, compared to HK$125.6 million in the previous year, indicating a 20.6% increase[9] - The equity attributable to owners of the Company was HK$249.7 million, up from HK$236.1 million in FY2020, marking a growth of 5.1%[9] - As at 31 December 2021, the Group had net assets amounted to approximately HK$249.7 million, an increase from approximately HK$236.1 million as at 31 December 2020[53] - The Group's cash and bank balances decreased to approximately HK$102.1 million as at 31 December 2021 from approximately HK$114.7 million as at 31 December 2020[53] - The Group's interest-bearing bank borrowings decreased from approximately HK$21.2 million as at 31 December 2020 to approximately HK$13.6 million as at 31 December 2021[53] Market Expansion and Strategy - The Group expanded its market presence across over 40 major fashion markets globally, enhancing its sales network[12] - New sales offices were established in Turkey, Guatemala, and Mexico in the second half of 2021 to capture emerging market opportunities[18] - The Group launched its own RFID supply chain solution in 2021, receiving positive market feedback[20] - A new factory was opened in India in the second half of 2021, alongside the operational commencement of a factory in Turkey, enhancing global business expansion[19] - The Group aims to diversify its income sources and mitigate market risks through new business sites and collaborations[21] - The Group's production bases are strategically located in China, Vietnam, and Bangladesh to meet the demand for express delivery from apparel clients[19] Corporate Governance - The Company has complied with all applicable code provisions of the Code of Corporate Governance during the reporting period, except for certain deviations related to the composition of the Nomination Committee[68] - The Board is composed of six Directors, with three executive Directors and three independent non-executive Directors, ensuring a balanced composition for effective management[70] - The Company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance with required standards since the Listing Date (March 12, 2020) with no incidents of non-compliance reported[91] - The Company emphasizes internal control and risk management, with the Board responsible for the effectiveness of the internal control system[99] - The Audit Committee reviews the Group's control environment and risk assessment processes, ensuring effective management of business and control risks[93] Employee and Management - As of December 31, 2021, the Company had a total of 1,050 employees, an increase from 990 employees in 2020[57] - The employee benefit expense for FY2021 was approximately HK$136.9 million, up from approximately HK$98.9 million in FY2020[57] - The management team is committed to driving the Group's growth and operational efficiency through strategic initiatives[131] - The company has a strong management team with members holding significant experience in finance and operations, including Mr. Chew Yong Hock as Sales and Marketing Director since July 2012[145] Shareholder Information - The Board recommended a final dividend of HK$0.25 per ordinary share for FY2021, subject to approval at the 2022 AGM[122] - The Company has adopted a dividend policy allowing for the declaration and distribution of dividends at the Board's discretion, subject to shareholder approval for final dividends[116] - Shareholders can requisition an Extraordinary General Meeting (EGM) if they hold at least 10% of the paid-up capital, and the meeting must be held within two months of the requisition[118] - The Company ensures timely communication with shareholders, providing information through its website and during the Annual General Meeting (AGM)[116] Audit and Financial Reporting - The consolidated financial statements provide a true and fair view of the Group's financial position as of December 31, 2021, in accordance with HKFRSs[179] - The audit included procedures designed to respond to the risks of material misstatement of the consolidated financial statements[180] - The Audit Committee reviewed the financial statements for the year ended December 31, 2021, focusing on business highlights and compliance with accounting standards and Listing Rules requirements[110] - The Group accounted for the impairment on trade receivables using an expected credit loss (ECL) approach, which involved significant judgement and subjective assumptions[182] Sustainability and Innovation - The Group has launched more eco-products made from recyclable materials to align with sustainability goals[35] - The Group's RFID products continued to be the fastest-growing segment, driven by increased retail and inventory management needs[35] - The management team is dedicated to fostering innovation and exploring new technologies to improve operational efficiency and service delivery[145]