香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 所 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 FOURACE INDUSTRIES GROUP HOLDINGS LIMITED 科利實業控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1455） 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 全 年 業 績 公 告 財 務 摘 要 – 1 – • 截至二零二五年三月三十一日止財政年度（「二零二五年財政年度」或「報 告 期 間」）的 收 益 較 截 至 二 零 二 四 年 三 月 三 十 一 日 止 財 政 年 度（「二 零 二 四 年 財 政 年 度」）的 約268.0百 萬 港 元 增 加 約4.3百 萬 港 元（1.6%）至 約 272.3百 萬 港 元。 • 二 零 二 五 ...

智通财经APP获悉，截止5月20日收盘，有91只股票创52周新高，其中三生制药(01530)、TEAMWAY INTL GP(01239)、中国碳中和(01372)创高率位于前3位，分别为49.25%、30.53%、17.14%。 52周新高排行 | 股票名称 | 收盘价 | 最高价 | 创高率 | | --- | --- | --- | --- | | 三生制药(01530) | 19.180 | 22.000 | 49.25% | | TEAMWAY INTL GP(01239) | 0.229 | 0.248 | 30.53% | | 中国碳中和(01372) | 1.600 | 1.640 | 17.14% | | 松景科技(01079) | 0.080 | 0.099 | 16.47% | | Ｈ＆Ｈ国际控股(01112) | 13.720 | 14.140 | 16.28% | | 中华银科技(00515) | 0.144 | 0.150 | 11.11% | | 英皇钟表珠宝(00887) | 0.290 | 0.305 | 8.93% | | 百应控股(08525) | 1.000 | 1.0 ...

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 154,860,000, an increase of 23.2% compared to HKD 125,661,000 for the same period in 2023[12] - Gross profit for the same period was HKD 52,025,000, representing a gross margin of 33.6%, up from HKD 45,556,000 in 2023[12] - Operating profit increased to HKD 24,460,000, a rise of 26.9% from HKD 19,311,000 in the previous year[12] - The company recorded a net profit of HKD 22,946,000, which is a 25.0% increase compared to HKD 18,263,000 in the prior year[12] - The group reported a net profit attributable to shareholders of HKD 22,946,000 for the six months ended September 30, 2024, compared to HKD 18,263,000 in 2023, reflecting a growth of 25.0%[52] - The basic earnings per share increased to HKD 1.8 in 2024 from HKD 1.4 in 2023, marking a rise of 28.6%[52] Assets and Equity - Total assets as of September 30, 2024, amounted to HKD 505,992,000, up from HKD 475,916,000 as of March 31, 2024[19] - The company's total equity rose to HKD 437,241,000, compared to HKD 414,111,000 at the end of the previous fiscal year[16] - The company’s retained earnings as of September 30, 2024, stood at HKD 335,615,000, an increase from HKD 304,775,000 as of March 31, 2024[21] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 268,960,000 from HKD 253,573,000, indicating improved liquidity[16] - For the six months ending September 30, 2024, the company reported a net cash inflow from operating activities of HKD 17,187,000, a decrease of 35.5% compared to HKD 26,717,000 for the same period in 2023[24] - The company’s net cash used in investing activities was HKD 1,264,000 for the six months ending September 30, 2024, a significant improvement from HKD 6,000,000 in the same period of 2023[24] Expenses and Cost Management - Total expenses for the six months ended September 30, 2024, amounted to HKD 132,634,000, compared to HKD 109,767,000 in 2023, an increase of 20.8%[48] - Research and development expenses decreased to HKD 3,576,000 from HKD 4,296,000, reflecting a focus on cost management[12] - Sales and distribution expenses decreased by approximately HKD 1.7 million (about 20.2%) to approximately HKD 6.7 million, attributed to reduced promotional expenses for its own brand products[69] - Administrative expenses increased by approximately HKD 2.5 million (about 14.7%) to approximately HKD 19.5 million, mainly due to the development of OBM business[70] Market and Sales Performance - The hair care segment generated revenue of HKD 142,971,000 in 2024, up from HKD 112,907,000 in 2023, indicating an increase of 26.7%[38] - The group's revenue from the United States surged to HKD 66,851,000 in 2024, compared to HKD 32,617,000 in 2023, representing a significant increase of 104.0%[41] - Trade receivables increased significantly to HKD 79,993,000 from HKD 53,619,000, indicating potential growth in sales[16] Dividends and Shareholder Returns - The company paid no dividends during the six months ending September 30, 2024, compared to HKD 29,407,000 paid in the same period of the previous year[24] - The group did not declare any interim dividend for the six months ended September 30, 2024, consistent with the previous year[54] Strategic Initiatives and Future Plans - The group plans to diversify its business model by introducing its own brand personal care products and expanding its beauty care product offerings in the second half of fiscal year 2025[66] - The group is focused on ODM and OBM models, targeting high-end markets, particularly in hair care appliances[62] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code during the reporting period, except for the combined roles of Chairman and CEO[102] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim financial information and found it compliant with applicable accounting standards[111] Employee and Operational Metrics - As of September 30, 2024, the group has a total of 408 employees, down from 446 employees as of March 31, 2024, with total employee costs amounting to approximately HKD 33.1 million[84] - The company has adopted a share option scheme to reward selected eligible individuals for their contributions to the group's growth and development[84] Risks and Challenges - The group faced significant challenges due to ongoing geopolitical tensions, high interest rates, and weak global consumer sentiment, which may impact performance in the second half of fiscal year 2025[64] Miscellaneous - There are no significant events that may affect the group after the reporting period[85] - The expected timeline for utilizing the unutilized proceeds is based on the group's best estimates of future market conditions, which may change[89]

Financial Performance - For the six months ended September 30, 2024, revenue increased by 23.2% to HKD 154.9 million from HKD 125.7 million for the same period in 2023[1]. - Gross profit for the six months ended September 30, 2024, rose by 14.0% to HKD 52.0 million, with a gross profit margin decreasing by 2.7% to 33.6%[1]. - Profit attributable to equity holders increased by 25.1% to HKD 22.9 million, with a profit margin increasing by 0.2% to 14.8%[1]. - Earnings per share for the six months ended September 30, 2024, was HKD 1.8 cents, up from HKD 1.4 cents for the same period in 2023[4]. - Total comprehensive income for the period amounted to HKD 22.4 million, compared to HKD 13.8 million for the same period in 2023[4]. - The company reported operating profit of HKD 24.46 million for the six months ended September 30, 2024, up from HKD 19.31 million for the same period in 2023[6]. - The company’s financial income for the period was HKD 5.23 million, compared to HKD 4.34 million for the same period in 2023[6]. - Total operating expenses for the six months ended September 30, 2024, were HKD 132,634,000, an increase of 20.8% compared to HKD 109,767,000 for the same period in 2023[22]. - Cost of goods sold increased to HKD 68,758,000 for the six months ended September 30, 2024, from HKD 51,395,000 in the prior year, representing a 33.9% increase[22]. - The income tax expense for the six months ended September 30, 2024, was HKD 6,679,000, compared to HKD 5,386,000 for the same period in 2023, indicating a 24.0% increase[25]. Revenue Breakdown - The revenue from personal care appliances, specifically the hair care series, reached HKD 142,971,000, up 26.6% from HKD 112,907,000 in the previous year[18]. - Revenue from the United States increased significantly to HKD 66,851,000, compared to HKD 32,617,000 in the same period last year, representing a growth of 104.5%[19]. - The revenue from Japan was HKD 72,703,000, showing a decrease of 6.5% from HKD 77,891,000 in the same period last year[19]. - The company’s total revenue from other categories, including tools and accessories, was HKD 3,449,000, up from HKD 2,395,000 in the previous year[18]. Assets and Liabilities - The total assets as of September 30, 2024, were HKD 505.99 million, an increase from HKD 475.92 million as of March 31, 2024[8]. - Total liabilities as of September 30, 2024, were HKD 68.75 million, compared to HKD 61.81 million as of March 31, 2024[8]. - Trade receivables as of September 30, 2024, amounted to HKD 79,993,000, significantly higher than HKD 53,619,000 as of March 31, 2024, representing a 48.9% increase[31]. - Trade payables as of September 30, 2024, were HKD 31,832,000, compared to HKD 25,843,000 as of March 31, 2024, reflecting a 23.0% increase[32]. Dividends and Shareholder Information - The board has resolved not to declare an interim dividend for the six months ended September 30, 2024[1]. - The company did not declare any interim dividend for the six months ended September 30, 2024, consistent with the previous year[29]. - As of September 30, 2024, directors and executives hold significant shares, with Mr. Li Shuye owning approximately 36.7% of the company[74]. - Ace Champion holds 468,750,000 shares, representing approximately 36.7% of the company's issued share capital[79]. - 永金有限公司 also holds 468,750,000 shares, accounting for about 36.7% of the company's issued share capital[79]. Corporate Governance - The company has maintained compliance with all corporate governance codes during the reporting period[83]. - The roles of Chairman and CEO are currently held by the same individual, 李舒野, which the company believes provides strong and stable leadership[84]. - The company has established an audit committee consisting of three independent non-executive directors[96]. - The audit committee reviewed the interim financial results and confirmed compliance with applicable accounting standards and listing rules[96]. Future Outlook and Strategy - The group aims to expand its beauty care product offerings in the second half of fiscal year 2025 to provide a more diversified product mix[43]. - The group continues to face significant challenges from geopolitical tensions, high interest rates, and inflation, which may impact performance in the second half of fiscal year 2025[42]. - The group plans to improve and simplify its business model and strategies, focusing on supply chain management and strict cost control measures[43]. - The group will actively seek growth opportunities through new customers and product innovations in its ODM business[43]. - The group will continue to closely monitor industry developments and regularly review its business expansion plans[62]. Cash and Financing - As of September 30, 2024, the group maintained cash and bank balances of approximately HKD 269.0 million, an increase from HKD 253.6 million as of March 31, 2024[54]. - The group had no bank borrowings as of September 30, 2024, consistent with the previous period[55]. - The group has unutilized bank financing of approximately HKD 34.5 million, secured by properties with a net book value of approximately HKD 3.4 million and HKD 566,000[55]. - The asset-to-liability ratio was zero as of September 30, 2024, unchanged from March 31, 2024[56]. Employee and Operational Costs - Total employee costs during the reporting period amounted to approximately HKD 33.1 million, compared to HKD 27.0 million in the first half of 2024[63]. - Administrative expenses increased by approximately HKD 2.5 million (about 14.7%) to approximately HKD 19.5 million, mainly due to the expansion of OBM business[48]. - Sales and distribution expenses decreased by approximately HKD 1.7 million (about 20.2%) to approximately HKD 6.7 million, primarily due to reduced promotional expenses for own brand products[47]. Investments and Capital Expenditure - The group has capital commitments of approximately HKD 0.5 million for properties, plants, and equipment as of September 30, 2024, up from HKD 0.2 million as of March 31, 2024[59]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[90]. - The company confirms that there are no changes in director information that require disclosure under the listing rules[89].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported revenue of approximately HKD 268.0 million, a decrease of about 26.7% compared to HKD 365.6 million for the fiscal year ending March 31, 2023[5]. - The profit attributable to equity holders decreased from approximately HKD 64.2 million in the fiscal year 2023 to about HKD 38.7 million in fiscal year 2024, representing a decline of approximately 39.7%[9]. - The company's net profit margin decreased from approximately 17.6% to about 14.4%, a drop of approximately 3.2 percentage points[9]. - Total revenue decreased by approximately HKD 97.6 million (26.7%) from about HKD 365.6 million in FY2023 to about HKD 268.0 million in FY2024, primarily due to a decline in sales of personal care appliances, particularly the hair care series[13]. - Gross profit decreased by approximately HKD 15.0 million (13.3%) to about HKD 97.4 million in FY2024, while gross profit margin increased by approximately 5.6 percentage points to about 36.3%[14]. - Net profit attributable to equity holders decreased by approximately HKD 25.5 million (39.7%) from about HKD 64.2 million in FY2023 to about HKD 38.7 million in FY2024, with net profit margin declining by approximately 3.2 percentage points to about 14.4%[20]. Business Strategy and Development - The decline in sales was primarily due to reduced demand for hair care products from two major customers[9]. - The company is accelerating the development of its OBM (Own Brand Manufacturing) business model and will continue to invest in marketing efforts to promote its personal care and lifestyle electronic products in the Chinese and Hong Kong markets[10]. - The company plans to utilize its extensive technical knowledge and manufacturing capabilities to expand its business into the retail market[10]. - The company aims to enhance the competitiveness of its high-quality products and strengthen R&D capabilities to increase market share in its existing ODM (Original Design Manufacturer) business[5]. - The group continues to develop its own brand of personal care and lifestyle appliances for retail customers[61]. Expenses and Financial Management - Marketing and distribution expenses increased due to the launch of the OBM business, although this was partially offset by slight improvements in product gross margins[9]. - Selling and distribution expenses increased by approximately HKD 16.4 million (approximately 364.4%) to about HKD 20.9 million in FY2024, attributed to marketing and distribution costs for launching self-branded personal care products in China and Hong Kong[15]. - Employee costs totaled approximately HKD 56.6 million in FY2024, down from about HKD 68.1 million in FY2023[30]. - Cash and bank balances as of March 31, 2024, were approximately HKD 253.6 million, compared to about HKD 247.1 million as of March 31, 2023[22]. - The group had no bank borrowings as of March 31, 2024, and maintained an asset-liability ratio of zero[23]. Governance and Management - The management team has over 35 years of experience in the small household appliances and personal care appliances industry[34]. - The company has a strong focus on sales and marketing strategies, with key decisions made by the executive team led by the CEO[34]. - The company has a robust governance structure with independent directors providing oversight and independent opinions[41]. - The independent non-executive director has over 20 years of experience in corporate finance, accounting, and auditing[41]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[134]. Shareholder and Dividend Information - The board does not recommend the payment of a final dividend for FY2024, compared to a final dividend of HKD 0.015 and a special dividend of HKD 0.008 per share for FY2023[32]. - The company reported a total of 468,750,000 shares outstanding, with the largest shareholder holding 36.7% of the equity[35]. - The company has not granted any stock options under the stock option plan since its adoption on August 21, 2020, and there are no unexercised options[98]. Risk Management and Compliance - The risk management system has identified no significant risks based on the assessment conducted for the fiscal year 2023/24[181]. - The internal control system aligns with the COSO 2013 framework, ensuring operational effectiveness and compliance with applicable laws[182]. - The company has implemented measures to ensure the accuracy and timeliness of disclosed information, with no significant internal control deficiencies identified[182]. - The company has adopted a whistleblowing policy to report any misconduct, ensuring confidentiality and protection for whistleblowers[191]. Future Outlook - The management anticipates facing significant challenges in the fiscal year ending March 31, 2025, due to ongoing geopolitical tensions and economic uncertainties[10]. - The company has set a target to launch new products by June 2026, with an expected allocation of HKD 19.3 million for this initiative[131].

Financial Performance - Total revenue for the quarter ending March 31, 2024, was HKD 268,024,000, a decrease of 26.7% compared to HKD 365,561,000 for the same period in 2023[1] - Gross profit for the quarter was HKD 97,365,000, down from HKD 112,411,000, reflecting a gross margin of approximately 36.3%[1] - Operating profit decreased to HKD 39,709,000 from HKD 71,067,000, indicating a decline of 44.3% year-over-year[1] - Net profit for the quarter was HKD 38,716,000, compared to HKD 64,205,000 in the previous year, representing a decrease of 39.8%[1] - Earnings per share (EPS) for the quarter was HKD 3.0, down from HKD 5.0 in the same quarter last year[1] - Total revenue for the year ending March 31, 2024, was HKD 268,024,000, a decrease from HKD 365,561,000 for the year ending March 31, 2023, representing a decline of approximately 26.7%[30] - Basic earnings per share for the year ending March 31, 2024, was HKD 3.0, down from HKD 5.0 for the year ending March 31, 2023, indicating a decrease of 40%[32] - The company’s profit attributable to equity holders for the year ending March 31, 2024, was HKD 38,716,000, down from HKD 64,205,000 for the year ending March 31, 2023, reflecting a decrease of approximately 39.7%[32] Revenue and Customer Concentration - The top five customers accounted for approximately 99.3% of total revenue, with Customer A contributing HKD 83,250,000 and Customer B contributing HKD 82,633,000[13] - Revenue by geographical location for the year ending March 31, 2024: Japan contributed HKD 172,162,000, the US contributed HKD 71,252,000, Europe contributed HKD 16,492,000, and other regions contributed HKD 8,118,000[30] Expenses and Costs - Total expenses for the year ended March 31, 2024, amounted to HKD 233,322,000, a decrease of 22.6% from HKD 301,602,000 for the year ended March 31, 2023[16] - The cost of goods sold for the year ended March 31, 2024, was HKD 105,647,000, down 37.1% from HKD 167,949,000 for the year ended March 31, 2023[16] - Employee costs, including directors' remuneration, were HKD 56,645,000 for the year ended March 31, 2024, a decrease of 16.9% from HKD 68,142,000 for the year ended March 31, 2023[16] - Sales and distribution expenses increased by approximately HKD 16.4 million (approximately 364.4%) to about HKD 20.9 million in the fiscal year 2024, driven by marketing and distribution costs for launching personal care products in China and Hong Kong[84] - Administrative expenses slightly decreased by approximately HKD 1.7 million (4.8%) to about HKD 33.9 million in the fiscal year 2024[85] Assets and Liabilities - Cash and cash equivalents increased to HKD 253,573,000 from HKD 247,126,000, showing a growth of 2.0%[3] - Total assets amounted to HKD 475,916,000, up from HKD 456,779,000, reflecting a growth of 4.2%[3] - Total liabilities increased to HKD 61,805,000 from HKD 51,415,000, indicating a rise of 20.7%[5] - Trade receivables as of March 31, 2024, amounted to HKD 16.7 million, an increase from HKD 13.2 million as of March 31, 2023[49] - Trade payables as of March 31, 2024, were HKD 25.8 million, slightly up from HKD 24.4 million as of March 31, 2023[54] Corporate Governance and Shareholder Information - The company has a significant shareholder, Ace Champion, holding 468,750,000 shares, representing approximately 36.7% of the issued share capital[131] - The company has not granted any stock options under its stock option plan since its adoption on August 21, 2020, until March 31, 2024[136] - The company plans to review its corporate governance policies regularly to ensure compliance with governance codes[135] - The company has confirmed that no directors or senior management hold any interests in the company's shares or related securities as of March 31, 2024[127] Future Outlook and Strategic Plans - The group plans to continue focusing resources on developing its OBM business model, leveraging years of experience in product design and development[60] - The group aims to expand its business into the retail market, utilizing its rich technical knowledge and manufacturing capabilities[60] - The group is continuously reviewing the development plans for its OBM business to adapt to changing market conditions[61] - The group anticipates continued challenges through the fiscal year ending March 31, 2025, due to weak consumer sentiment and potential decreases in customer orders[80] - The company plans to continue monitoring industry developments and regularly review its business expansion plans[118] Compliance and Reporting - The company reported a comprehensive income statement for the year ending March 31, 2024, with figures consistent with the draft financial statements[169] - The annual report for the year ending March 31, 2024, will be published on the Hong Kong Stock Exchange website and the company's website at an appropriate time[170] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the accounting principles and internal controls for the fiscal year ending March 31, 2024[142]

Financial Performance - For the fiscal year ending March 31, 2024, total revenue was HKD 268,024,000, a decrease of 26.7% compared to HKD 365,561,000 for the previous year[3]. - Gross profit for the year was HKD 97,365,000, down 13.4% from HKD 112,411,000 in the prior year[3]. - Operating profit decreased significantly to HKD 39,709,000, representing a decline of 44.2% from HKD 71,067,000 year-over-year[3]. - Net profit for the year was HKD 38,716,000, a decrease of 39.8% compared to HKD 64,205,000 in the previous year[3]. - Basic and diluted earnings per share were HKD 3.0, down from HKD 5.0 in the prior year, reflecting a 40% decline[3]. - The company's profit attributable to equity holders decreased from approximately HKD 64.2 million in FY2023 to about HKD 38.7 million in FY2024, a decline of 39.7%[108]. - The group's net profit margin decreased by 3.2 percentage points from approximately 17.6% to about 14.4% during the same period[108]. Assets and Liabilities - Total assets as of March 31, 2024, amounted to HKD 475,916,000, an increase from HKD 456,779,000 the previous year[5]. - Total liabilities increased to HKD 61,805 million from HKD 51,415 million, representing a growth of 20.5% year-over-year[22]. - Total equity and liabilities reached HKD 475,916 million, compared to HKD 456,779 million, reflecting a growth of 4.2%[22]. - The company reported a total equity of HKD 414,111,000, up from HKD 405,364,000[5]. - The asset-to-liability ratio of the group was zero as of March 31, 2024, unchanged from the previous year[143]. - The group has no significant liabilities as of March 31, 2024, similar to the previous year[145]. Revenue Sources - The company reported significant revenue contributions from personal care appliances, with hair care series generating HKD 244,950,000, down from HKD 328,703,000[16]. - The company reported that five major customers accounted for approximately 99.3% of total revenue, slightly down from 99.4% in the previous year[31]. - The company’s revenue from customer A for the year ending March 31, 2024, is HKD 83,250,000, down from HKD 129,807,000 in 2023, a decline of 36%[54]. - The company recorded a significant drop in sales due to reduced demand for hair care products from two major customers, leading to a revenue of approximately HKD 268.0 million, down from about HKD 365.6 million in the fiscal year 2023[100]. Expenses and Costs - The cost of goods sold was HKD 105,647 million, down from HKD 167,949 million, showing a decrease of 37.1% year-over-year[34]. - Employee costs, including directors' remuneration, amounted to HKD 56,645 million, a decrease from HKD 68,142 million, representing a reduction of 16.5%[34]. - Sales and distribution expenses increased by approximately HKD 16.4 million (approximately 364.4%) to about HKD 20.9 million for the fiscal year 2024, attributed to marketing and distribution costs for launching self-branded personal care products in China and Hong Kong[80]. - Administrative expenses slightly decreased by approximately HKD 1.7 million (4.8%) to about HKD 33.9 million for the fiscal year 2024[81]. - The total employee cost for the group was approximately HKD 56.6 million, down from about HKD 68.1 million in the previous year[116]. Future Plans and Strategies - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year[3]. - The company plans to continue expanding its market presence and investing in new product development[30]. - The company is focusing on developing its OBM business model to improve overall business performance[78]. - The company plans to accelerate the development of its OBM (Original Brand Manufacturer) business model and continue marketing efforts to promote its self-branded personal care and lifestyle appliances in China and Hong Kong[101]. - The group plans to continue investing in the development of personal care products and ensure sufficient resources for its OBM business[104]. Dividends and Shareholder Returns - The company recognized a final dividend of HKD 29,407 million for the year, compared to HKD 19,178 million in the previous year, marking an increase of 53.4%[37]. - The board does not recommend the payment of a final dividend for the fiscal year 2024, compared to a final dividend of HKD 0.015 and a special dividend of HKD 0.008 for the fiscal year 2023[188]. - The company did not recommend the payment of a final dividend for the year ending March 31, 2024[61]. Market Conditions and Challenges - The company plans to continue facing significant challenges due to geopolitical tensions and economic uncertainties, impacting customer orders and demand[76]. - The company is evaluating the impact of new accounting standards and interpretations, with no significant expected impact on financial performance[28]. - The group will continue to monitor industry developments and regularly review its business expansion plans[146]. Research and Development - The company’s research and development efforts are ongoing, with plans to launch new products according to a structured business plan[77]. - The group aims to enhance its research and engineering capabilities, with a budget allocation of approximately HKD 16.4 million[120]. Cash and Financing - The company’s cash and cash equivalents as of March 31, 2024, total HKD 253,573,000, an increase from HKD 247,126,000 in 2023[46]. - As of March 31, 2024, the group had unused bank financing of approximately HKD 34.5 million[111]. - The group had no bank borrowings as of March 31, 2024, consistent with the previous year[142]. - As of March 31, 2024, the unused proceeds are deposited in several licensed banks in Hong Kong[152].

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 125,661,000, a decrease of 44.5% compared to HKD 226,357,000 for the same period in 2022[7] - Gross profit for the same period was HKD 45,556,000, down 30.8% from HKD 65,810,000 year-over-year[7] - Operating profit decreased to HKD 19,311,000, a decline of 61.0% from HKD 49,515,000 in the previous year[7] - The company recorded a net profit of HKD 18,263,000, which is a 55.0% decrease compared to HKD 40,679,000 for the same period last year[7] - Basic and diluted earnings per share were HKD 1.4, down from HKD 3.2 in the previous year, reflecting a 56.3% decline[7] - The total comprehensive income for the six months ended September 30, 2023, was HKD 13,783,000, down from HKD 30,299,000, marking a decline of 54.5%[12] - For the six months ended September 30, 2023, the group recorded a profit of approximately HKD 18.3 million, a decrease of about 55.0% compared to HKD 40.7 million in the same period last year[43] - Net profit attributable to equity holders decreased by approximately HKD 22.4 million (about 55.0%) from approximately HKD 40.7 million in the first half of 2023 to approximately HKD 18.3 million in the first half of 2024, with net profit margin declining from 18.0% to 14.6%[52] Assets and Liabilities - Total assets as of September 30, 2023, amounted to HKD 458,107,000, slightly up from HKD 456,779,000 as of March 31, 2023[10] - The company's total liabilities increased to HKD 67,094,000 from HKD 51,415,000, representing a 30.5% rise[10] - Cash and cash equivalents at the end of the period were HKD 237,538,000, slightly down from HKD 234,168,000 at the end of the previous year[13] - The company had no bank borrowings as of September 30, 2023, and maintained an asset-liability ratio of zero[56] Revenue Breakdown - Revenue from personal care appliances for the six months ended September 30, 2023, was HKD 123,266,000, a significant drop of 44.7% compared to HKD 222,835,000 in the same period last year[23] - Revenue from Japan decreased to HKD 77,891 thousand from HKD 131,270 thousand, representing a decline of approximately 40.5% year-on-year[25] - Revenue from the United States dropped to HKD 32,617 thousand from HKD 78,222 thousand, a decrease of about 58.3% year-on-year[25] Cash Flow and Investments - Operating cash flow for the six months ended September 30, 2023, was HKD 26,717,000, down from HKD 87,929,000 in the previous year, indicating a decrease of 69.6%[13] - The company reported a net cash outflow from investing activities of HKD 6,000,000, compared to HKD 5,890,000 in the previous year, indicating a slight increase in cash used for investments[13] Dividends and Shareholder Returns - The company paid dividends totaling HKD 29,407,000 during the period, an increase from HKD 19,178,000 in the previous year, reflecting a rise of 53.5%[13] - The company did not declare any interim dividend for the six months ended September 30, 2023, consistent with the previous year[35] Strategic Focus and Future Plans - The company plans to focus on research and development to enhance product offerings and market expansion strategies moving forward[6] - The company continues to develop new personal care and lifestyle products under its own brand (OBM) to capture potential retail market opportunities[42] - The company aims to offset the decline in sales demand by creating and promoting high-value new products and seeking new business opportunities with clients[43] - The company plans to continue enhancing product competitiveness and R&D capabilities to increase market share and establish long-term relationships with customers amid global economic uncertainties[44] - The company will maintain strict cost control and operational efficiency to mitigate potential impacts from geopolitical instability and economic uncertainty[44] Corporate Governance and Compliance - The company has maintained compliance with all provisions of the corporate governance code during the reporting period, except for the separation of the roles of Chairman and CEO, which are held by Mr. Li Shuye[75] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited interim financial information and found it to comply with applicable accounting standards and listing rules[85] - The company confirms that its public float has been maintained in accordance with listing rules throughout the reporting period[83] - The company emphasizes that forward-looking statements in the report cannot be guaranteed to be achieved or accurate, advising caution for shareholders and potential investors[84] Utilization of Proceeds - The net proceeds from the global offering amount to approximately HKD 66.2 million, with actual utilization during the reporting period being HKD 43.3 million[67] - 54.5% of the proceeds (HKD 36.1 million) are allocated for expanding and upgrading production facilities, with HKD 21.4 million already utilized[67] - 24.8% of the proceeds (HKD 16.4 million) are designated for enhancing research and engineering capabilities, with HKD 15.7 million utilized[67] - 12.9% of the proceeds (HKD 8.5 million) are intended for introducing new products under the company's brand, with only HKD 2.0 million utilized[67] - 3.5% of the proceeds (HKD 2.3 million) are aimed at strengthening sales and marketing efforts in global markets, with HKD 1.5 million utilized[67] - 4.3% of the proceeds (HKD 2.9 million) are allocated for upgrading IT systems and design software, with HKD 2.7 million utilized[67] - As of September 30, 2023, the unutilized net proceeds are stored in licensed banks in Hong Kong, amounting to HKD 40.1 million[68] - The company plans to utilize the remaining proceeds by June 2024, subject to market conditions[68] Employee Costs - The total employee cost during the reporting period was approximately HKD 27.0 million, down from approximately HKD 38.3 million in the first half of 2023[63] Shareholder Information - The major shareholder, Ace Champion, holds 468,750,000 shares, representing approximately 36.7% of the issued share capital[73] - The company maintains a cautious strategy regarding the utilization of proceeds to remain flexible in response to changing market conditions[68] - The company expresses gratitude to shareholders, investors, employees, and business partners for their ongoing support[86]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容所產生或因依賴該等內容而引致的任何損 失承擔任何責任。 FOURACE INDUSTRIES GROUP HOLDINGS LIMITED 科 利 實 業 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1455） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 的 未 經 審 核 中 期 業 績 公 告 財務摘要 • 截至二零二三年九月三十日止六個月（「二零二四年上半年」或「報告 期間」）的收益較截至二零二二年九月三十日止六個月（「二零二三年 上半年」）的226.4百萬港元減少44.5%至125.7百萬港元 • 二 零 二 四 年 上 半 年 的 毛 利 減 少30.7%至45.6百 萬 港 元（二 零 二 三 年 上 半 年：65.8百 萬 港 元），而 二 零 二 四 年 上 半 年 的 毛 利 率 則 增 加7.2%至 36.3%（二零二三年上半年：29.1%） • 二 零 二 四 年 上 半 年 的 本 ...

Financial Performance - The company's total revenue for the fiscal year 2023 was approximately HKD 365.6 million, a decrease of about 22.8% from HKD 473.4 million in the fiscal year 2022[10]. - Sales of hair care products decreased by approximately 21.0% to about HKD 328.7 million, primarily due to a decline in demand in the US market[10]. - The company's sales in the US market dropped by approximately 55.5% to about HKD 104.0 million, compared to HKD 233.7 million in the previous fiscal year[10]. - Conversely, sales in the Japanese market increased by approximately 19.6% to about HKD 220.6 million, up from HKD 184.4 million[10]. - The group's gross profit decreased by approximately HKD 7.8 million (6.5%) to about HKD 112.4 million, while the gross profit margin increased by approximately 5.3 percentage points to about 30.7%[17]. - Profit attributable to equity holders increased by approximately 7.5% to about HKD 64.2 million, compared to HKD 59.7 million in the previous fiscal year[12]. - Net profit attributable to equity holders increased by approximately HKD 4.5 million (7.5%) to about HKD 64.2 million, with a net profit margin rising by approximately 5.0 percentage points to about 17.6%[21]. Cost Management - The gross profit margin increased by approximately 5.3% to about 30.7%, compared to 25.4% in the previous fiscal year, due to cost control measures and a decrease in direct labor costs[11]. - Administrative expenses slightly decreased by approximately HKD 1.8 million (4.8%) to about HKD 35.6 million[18]. - Financing costs recorded approximately HKD 1,000, a significant decrease from HKD 24,000 in the previous fiscal year, as the group had no bank borrowings since June 2022[19]. - Income tax expenses decreased by approximately HKD 0.5 million (4.0%) to about HKD 12.1 million, with an effective tax rate of approximately 15.8%[20]. - The company will maintain strict cost control and streamline operations to improve operational efficiency[14]. Cash and Debt Position - The overall financial condition of the company remains stable, with no bank borrowings reported[7]. - As of March 31, 2023, the group maintained cash and bank balances of approximately HKD 247.1 million, up from HKD 172.2 million a year earlier[23]. - The group had no bank borrowings as of March 31, 2023, compared to approximately HKD 0.3 million a year earlier, resulting in a debt-to-equity ratio of zero[26][27]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.015 per share and a special dividend of HKD 0.008 per share, pending shareholder approval[36]. - The board proposed a final dividend of HKD 0.015 per share and a special dividend of HKD 0.008 per share, subject to shareholder approval[68]. Management and Governance - The company has a strong management team with extensive experience in production and operational management, particularly in its wholly-owned subsidiary Shenzhen Keli Electric Co., Ltd., which is crucial for maintaining production efficiency[44]. - The independent non-executive directors bring over 20 years of experience in corporate finance, accounting, and auditing, enhancing the company's governance and strategic oversight[46]. - The leadership team is committed to maintaining high standards of corporate governance and financial transparency, which is essential for investor confidence and long-term sustainability[46]. - The company has established compliance oversight through its management team, ensuring adherence to regulations[60]. - The company has a diverse board with members holding various professional qualifications, enhancing governance[52]. - The company has established a corporate governance policy that is regularly reviewed to ensure compliance with the corporate governance code[157]. - The board is responsible for overall management, strategy planning, and compliance with legal and regulatory requirements[160]. Market Strategy and Development - The company plans to continue investing in R&D to enhance its technical team's capabilities and to introduce high-value products to explore new revenue sources[13]. - The company remains committed to its strategy of developing its own brand products and pursuing an Own Brand Manufacturing (OBM) model in potential markets[13]. - The company is focused on expanding its market presence and developing new products and technologies to meet consumer demands and enhance competitiveness in the industry[39]. - The company is actively pursuing strategies for market expansion and potential mergers and acquisitions to strengthen its market position and drive future growth[39]. - The company reported a significant increase in overall sales and marketing strategies, with a focus on business development led by Chairman and CEO Mr. Li Shuye, who has over 35 years of experience in the small household appliances and personal care appliances industry[39]. Employee Relations - The company maintained a stable relationship with its 541 employees, with no significant labor disputes reported during the fiscal year[82]. - Total employee costs for the period were approximately HKD 68.1 million, down from HKD 96.4 million in the previous year, with a total of 541 employees[34]. Risk Management and Internal Controls - The risk management system identified no significant risks during the 2022/23 risk assessment[192]. - The internal control system aligns with the COSO 2013 framework, ensuring operational effectiveness and compliance with laws[193]. - The board has conducted an annual review of the effectiveness of risk management and internal control procedures through the audit committee, with no significant improvements required[197]. - An external independent internal control consultant was appointed to review the internal control procedures at both the company and business levels[197]. Shareholder Information - The company reported a significant reliance on its top five customers, with sales accounting for 99.4% of total revenue in the fiscal year 2023, down from 99.8% in fiscal year 2022[87]. - The largest customer contributed 35.5% of total revenue in fiscal year 2023, a decrease from 54.0% in fiscal year 2022[87]. - Procurement from the top five suppliers accounted for 42.9% of total purchases in fiscal year 2023, up from 34.1% in fiscal year 2022[87]. - The largest supplier represented 12.7% of total purchases in fiscal year 2023, compared to 11.6% in fiscal year 2022[87]. Stock Options and Incentives - The stock option plan adopted on August 21, 2020, allows for a total of 125,000,000 shares to be issued, representing approximately 9.78% of the company's issued share capital as of March 31, 2023[114]. - No stock options have been granted under the stock option plan since its adoption up to the report date[106]. - The stock option plan aims to reward selected eligible individuals for their contributions to the group's growth and development[107].