Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 294,721,000, representing an increase of 56.3% compared to HKD 188,400,000 in 2023[2] - The gross profit decreased to HKD 11,507,000 from HKD 17,677,000, indicating a decline of 34.8% year-over-year[2] - Operating loss for the year was HKD 85,611,000, compared to a loss of HKD 27,341,000 in the previous year, reflecting an increase in losses of 213.5%[2] - The net loss attributable to equity holders of the company was HKD 76,221,000, up from a loss of HKD 40,132,000 in 2023, marking an increase of 90.0%[3] - The total loss before tax for the group was HKD 100,447,000, compared to a loss of HKD 23,228,000 in the previous year, indicating a significant increase in losses[18] - The company reported a basic loss per share of HKD 0.06 for continuing operations, compared to HKD 0.02 in the previous year[4] - The group reported a total comprehensive loss attributable to equity holders of approximately HKD 24.80 million, an improvement from a loss of about HKD 36.83 million in the previous year[70] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 977,508,000, a significant increase from HKD 588,504,000 in 2023, representing a growth of 66.1%[5] - Non-current assets increased to HKD 388,820,000 from HKD 140,422,000, showing a rise of 176.5% year-over-year[5] - Current assets rose to HKD 588,688,000, compared to HKD 448,082,000 in the previous year, reflecting an increase of 31.4%[5] - Total liabilities increased to HKD 629,094,000 from HKD 157,462,000, indicating a rise of 299.5%[6] - The company reported contract assets of HKD 34.700 million for 2024, an increase from HKD 16.358 million in 2023[27] - Contract liabilities amounted to HKD 3,475,000, representing obligations to provide advertising services for which the company has received payment from clients[30] Revenue Breakdown - The group reported external revenue of HKD 294,721,000 for the environmental maintenance business, a decrease from HKD 294,721,000 in the previous year[18] - The media advertising and marketing business generated external revenue of HKD 88,501,000, compared to HKD 73,613,000 in the previous year, reflecting a growth of approximately 20.1%[18] - The trading business reported external revenue of HKD 161,419,000, up from HKD 161,419,000 in the previous year[18] - Revenue from environmental maintenance services was HKD 132.607 million in 2023, compared to HKD 161.419 million projected for 2024[26] - Media advertising and marketing business generated HKD 88.501 million in revenue in 2023, with operations starting in May 2024[26] - The environmental maintenance business generated revenue of approximately HKD 132.61 million in the current year, down from approximately HKD 161.42 million in the previous year, indicating a decline in performance[73] Expenses and Costs - Total expenses for 2024 were HKD 391,627,000, up from HKD 215,228,000 in 2023, with significant increases in employee benefits expenses (up 12.9% to HKD 115,364,000) and costs related to media advertising and marketing[32] - Financial costs for 2024 were HKD 23,910,000, compared to HKD 221,000 in 2023, indicating a substantial increase in interest expenses related to advertising issuance rights and embedded marketing contracts[34] - The company’s total revenue cost for 2024 was HKD 283,214,000, significantly higher than HKD 170,723,000 in 2023, indicating increased operational costs[32] - General and administrative expenses rose to about HKD 60,709,000, a 40.2% increase from HKD 43,290,000 in 2023[83] - Employee benefits expenses totaled approximately HKD 115,364,000, reflecting a 12.9% increase from HKD 102,211,000 in 2023[84] Business Operations - The company is primarily engaged in environmental maintenance, media advertising, and marketing, as well as trading businesses[8] - The group continues to operate two business segments: environmental maintenance and trading, while also launching a media advertising and marketing business[16] - The company plans to expand its media advertising and marketing services, primarily targeting cinema advertising in China[26] - The company aims to strengthen its business model through precise marketing and scenario-based experiences, addressing challenges in offline customer conversion[101] - The company will continue to explore business opportunities in high-growth sectors in China to ensure stable and sustainable revenue sources[101] Corporate Actions - The group has sold its medical device sales business and is in the process of selling its property leasing business, classifying these as discontinued operations[16] - The company completed the sale of a subsidiary, generating a profit of HKD 26,723,000, with cash proceeds from the sale amounting to HKD 24,648,000[40] - The company plans to sell its property leasing business for RMB 71,788,700 (approximately HKD 77,525,000), pending certain conditions[41] - The company entered into an agreement to sell 90% of its stake in Shanghai Youmitai Medical Technology Co., Ltd. for RMB 22,500,000 (approximately HKD 24,648,000), with the sale expected to impact future financial performance[38] Governance and Compliance - The company has complied with the corporate governance code throughout the year, ensuring adherence to legal and business standards[102] - The audit committee, composed of three independent non-executive directors, has reviewed the annual results for the year[106] - The executive directors are Mr. Sang Kangqiao and Mr. Xu Wenzhe, while the non-executive director is Ms. Chen Wenting, and the independent non-executive directors are Mr. Xu Zhihao, Mr. Lin Jiade, and Mr. Huang Chengsi[109]

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HK$105,424,000, representing an increase of 2.7% compared to the same period in the previous financial year[4]. - Loss from continuing operations attributable to shareholders increased to HK$3,933,000 for the Interim Period, compared to HK$1,124,000 for the Corresponding Period[4]. - Loss attributable to equity holders of the Company amounted to HK$4,811,000 for the Interim Period, up from HK$1,945,000 in the Corresponding Period[4]. - Basic and diluted loss per share for profit from continuing operations for the Interim Period was HK0.5 cents[4]. - Total loss for the period was HK$7,664,000, compared to a loss of HK$465,000 in the previous year[7]. - The total comprehensive loss for the six months ended June 30, 2024, was HK$17,754,000, compared to HK$1,375,000 in the same period of 2023, indicating a significant increase in losses[8]. - Loss attributable to equity holders from continuing operations was HK$3,933,000, up from HK$1,124,000 in 2023, reflecting a worsening operational performance[8]. - The company recorded a basic and diluted loss per share of HK$0.6 for the period, compared to HK$0.3 in the previous year, indicating a decline in profitability[9]. - The company incurred a loss for the period of HK$4,811 million, contributing to a total comprehensive loss of HK$10,090 million[13]. - The Group's gross profit for the Interim Period was HK$7,581,000, down from HK$11,523,000 in the Corresponding Period[6]. Cash Flow and Assets - The company reported a net cash outflow from operating activities of HK$71,205 million for the period, compared to a net inflow of HK$4,061 million in the previous period[15]. - The cash and cash equivalents at the end of the period stood at HK$301,516 million, up from HK$185,323 million at the end of the previous period[15]. - The company declared no dividends for the period, consistent with the previous year[9]. - The company reported a current income tax expense of HK$2,280,000 for the six months ended June 30, 2024, compared to HK$1,697,000 in 2023, reflecting an increase in tax obligations[58][59]. - The company experienced a foreign exchange loss of HK$10,090,000 due to translation differences on foreign operations, compared to a loss of HK$910,000 in 2023[8]. - The company reported a total asset increase to HK$732,260,000 as of June 30, 2024, compared to HK$588,504,000 at the end of 2023, representing a growth of approximately 24.5%[10]. - Cash and cash equivalents rose to HK$301,516,000 from HK$245,234,000, marking an increase of approximately 22.9%[10]. - Total liabilities increased to HK$321,109,000 from HK$157,462,000, reflecting a rise of approximately 104.5%[12]. Segment Performance - Revenue from environmental maintenance services was HK$81,351,000, down from HK$91,318,000 in 2023, indicating a decrease of about 11%[47]. - The trading business, particularly in cosmetic products, saw significant growth, with revenue increasing to HK$19,142,000 from HK$8,994,000, marking a rise of approximately 113%[47]. - Revenue from media advertisement business reached HK$3,791,000, compared to no revenue in the same period last year, indicating a successful entry into this segment[47]. - Rental income from property leasing was HK$996,000, down from HK$1,364,000 in 2023, reflecting a decrease of approximately 27%[47]. - Discontinued operations in medical device sales generated revenue of HK$3,328,000, down from HK$7,289,000 in the previous year, a decline of about 54%[47]. - The geographical revenue breakdown showed that revenue from China was HK$87,330,000, down from HK$93,663,000, while revenue from Hong Kong increased to HK$18,094,000 from HK$8,994,000[44]. Operational Changes - The company completed the disposal of its medical devices business for a consideration of RMB22,500,000 on April 30, 2024, aiming to cut losses and reallocate resources[60][61]. - The Group's strategic decision to sell the medical devices business was influenced by the unstable market conditions and poor sales performance in that segment[86]. - The Group invested in the media advertisement business starting June 2024, expanding its operational segments[82]. - The Group's capital expenditure for the Interim Period was approximately HK$1,057,273, primarily used in the environmental maintenance business, compared to HK$Nil in the corresponding period[102]. Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the Interim Period[109]. - The Audit Committee consists of three independent non-executive directors, chaired by Mr. Lam Ka Tak[110]. - The unaudited interim financial results for the Group have been reviewed by the Audit Committee[110]. - The Group has no material contingent liabilities as of June 30, 2024[105]. - The Company does not recommend payment of a dividend for the Interim Period[105].

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 105,424,000, an increase of 2.7% compared to HKD 102,657,000 for the same period last year[2]. - The loss attributable to equity holders of the company for the six months was HKD 4,811,000, compared to a loss of HKD 1,945,000 in the same period last year[3]. - Basic and diluted loss per share for continuing operations was HKD 0.5 cents, up from HKD 0.2 cents in the previous year[4]. - The company reported a gross profit of HKD 7,581,000, down from HKD 11,523,000 in the previous year[2]. - The company reported a total comprehensive loss of HKD 17,754,000 for the period, compared to a total comprehensive loss of HKD 1,375,000 in the previous year[4]. - The comprehensive loss for the six months ended June 30, 2024, was HKD 17,754,000, compared to a comprehensive loss of HKD 3,771,000 for the same period in 2023, indicating a significant increase in losses[7]. - The company reported a cumulative loss of HKD 311,514,000 as of June 30, 2024, up from HKD 275,197,000 as of June 30, 2023, representing an increase of approximately 13%[7]. - The total comprehensive loss attributable to owners for the six months ended June 30, 2024, was HKD 9,957,000, compared to HKD 3,771,000 for the same period in 2023, highlighting a worsening financial performance[7]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 732,260,000, an increase from HKD 588,504,000 as of December 31, 2023[6]. - Total liabilities increased to HKD 321,109,000 from HKD 157,462,000 as of December 31, 2023[6]. - As of June 30, 2024, the total equity amounted to HKD 411,151,000, a decrease from HKD 472,738,000 as of January 1, 2023, reflecting a decline of approximately 13%[7]. - The company’s non-current assets decreased to HKD 114,016,000 from HKD 140,422,000 as of December 31, 2023[5]. - Cash and cash equivalents as of June 30, 2024, were approximately HKD 301,516,000, an increase of about 23.0% from HKD 245,234,000 as of December 31, 2023[48]. - Trade receivables amounted to approximately HKD 171,230,000, an increase of about 12.0% compared to the previous amount as of December 31, 2023[49]. - The company’s trade payables as of June 30, 2024, totaled HKD 5,265,000, reflecting a decrease from HKD 20,528,000 at the end of the previous year[32]. Revenue Breakdown - Revenue from environmental maintenance services decreased to HKD 81,351,000, down 11% from HKD 91,318,000 year-on-year[17]. - Revenue from property leasing was HKD 996,000, a decline of 27% compared to HKD 1,364,000 in the previous year[17]. - Revenue from media advertising was HKD 3,791,000, with no revenue reported in the same period last year[17]. - Revenue from cosmetics trading increased significantly to HKD 19,142,000, compared to HKD 8,994,000 in the previous year, representing a 112% growth[17]. - The environmental maintenance business generated revenue of approximately HKD 81,351,000, a decrease of about 10.7% compared to HKD 91,318,000 in the same period last year[39]. - The media advertising business generated revenue of approximately HKD 3,791,000, with a total of 54 advertising contracts signed, expecting to achieve at least RMB 150 million in total advertising revenue for the year[40]. - Total revenue for the group was approximately HKD 105,424,000, an increase of about 2.7% compared to HKD 102,657,000 in the same period last year, primarily due to increased revenue from the cosmetics trade business[43]. Expenses and Financial Income - General and administrative expenses for the six months ended June 30, 2024, totaled HKD 12,113,000, an increase from HKD 11,240,000 in the same period of 2023[19]. - Financial income for the period was HKD 2,109,000, down from HKD 3,263,000 in the previous year[20]. - Income tax expense for the six months ended June 30, 2024, was HKD 2,280,000, compared to HKD 1,697,000 in the same period of 2023[21]. - The cost of revenue for the period was approximately HKD 97,843,000, an increase of about 7.4% compared to HKD 91,134,000 in the same period last year[44]. Corporate Actions and Governance - The company did not declare any interim dividend for the period[4]. - The company did not recommend the payment of an interim dividend for the current period, consistent with the previous year[57]. - The board approved the sale of the medical device business for RMB 22,500,000 on April 30, 2024, to mitigate losses and improve liquidity[37]. - The company sold 90% of its stake in Shanghai Youmitai Medical Technology Co., Ltd. for RMB 22,500,000, completing the sale on August 1, 2024[53]. - The company has adopted a share award scheme to recognize and reward contributions from eligible participants, with a maximum limit of 10% of the issued share capital[60]. - The company has complied with the corporate governance code throughout the interim period[65]. - The audit committee, composed of three independent non-executive directors, reviewed the interim financial results[67]. Future Outlook and Strategy - The company plans to continue expanding its media advertising and cosmetics trading businesses, exploring opportunities in high-growth sectors in China post-pandemic[61]. - The company expresses gratitude to employees, shareholders, and business partners for their continuous support and trust amid market challenges[69]. Employee Information - As of June 30, 2024, the company had 898 employees, an increase from 872 employees as of June 30, 2023[56].

Share Incentive Plan - The company adopted a share incentive plan on August 10, 2021, aimed at recognizing contributions from eligible participants and retaining talent for growth and development [7]. - The maximum number of shares that can be granted under the share incentive plan is capped at 10% of the company's issued share capital as of the adoption date, which amounts to 79,500,000 shares [11]. - The individual limit for shares granted to selected participants is set at 3% of the company's issued share capital, totaling 23,850,000 shares [11]. - The remaining duration of the share incentive plan is approximately 8 years [11].

Financial Performance - The Group recorded a revenue of approximately HK$205,314,000 for the year ended 31 December 2023, representing a decrease of approximately 21.7% compared to HK$262,271,000 for the year ended 31 December 2022[9]. - The cost of revenue for the year amounted to approximately HK$182,350,000, a decrease of approximately 15.0% compared to HK$214,414,000 in the previous year, aligning with the revenue decline from the environmental maintenance business[32]. - Gross profit for the year was approximately HK$22,964,000, down from HK$47,857,000 in 2022[41]. - The Group recorded a total comprehensive loss attributable to equity holders of approximately HK$36,829,000, compared to a loss of HK$177,211,000 in the previous year[41]. - Environmental maintenance services income decreased to HK$161,419,000 from HK$247,348,000[53]. - Revenue from the trading of cosmetic products increased significantly to HK$19,986,000 from HK$2,157,000[51]. - Sales of medical devices amounted to HK$14,033,000, up from HK$3,328,000 in the previous year[53]. - The gross profit ratio for the Year was approximately 11.2%, lower than the gross profit ratio of approximately 18.2% for the year ended 31 December 2022[46]. Assets and Liabilities - The Group's total assets decreased to HK$588,504,000 in 2023 from HK$681,957,000 in 2022, reflecting a decline of approximately 13.7%[20]. - Current assets decreased to HK$448,082,000 in 2023 from HK$505,512,000 in 2022, a decrease of approximately 11.3%[20]. - Net assets as of 31 December 2023 were approximately HK$431,042,000, down from HK$472,738,000 in 2022[20]. Employee and Operational Metrics - The Group had a total of 1,809 employees as of 31 December 2023, down from 2,192 employees in the previous year[55]. - Total employee benefits expenses for the Year were approximately HK$107,867,000, a decrease of approximately 25.5% compared to HK$144,878,000 in 2022[55]. - General and administrative expenses decreased to approximately HK$50,085,000, representing a decrease of approximately 73.8% compared to HK$191,498,000 in 2022[55]. Business Strategy and Future Plans - The Group plans to explore business opportunities in high-growth sectors in the PRC, including high technology and internet businesses, to generate stable income streams[44]. - The Group aims to leverage available resources to develop its core and new businesses[62]. - The development of the meat trading business and logistics chain business is a focus area for the Group[60]. - The Group plans to continue exploring business opportunities in high-growth sectors in China, including high-tech and internet businesses, to create stable and sustainable revenue sources post-pandemic[62]. Corporate Governance and Compliance - The Company has maintained effective indemnification provisions for directors and senior officers against losses and liabilities incurred during the execution of their duties, excluding those arising from fraud and misrepresentation[199]. - The management team, including Mr. Lam Ka Tak, Mr. Xu Zhihao, and Mr. Wong Sincere, has participated in all scheduled meetings, indicating active engagement in corporate governance[196]. - The Company aims to maximize long-term shareholder value while balancing the interests of broader stakeholders[185]. - The Company has complied with the Corporate Governance Code throughout the year ended December 31, 2023[183]. Shareholder Information - The Group's reserves available for distribution to shareholders amounted to approximately HK$393,531,000 as of December 31, 2023[100]. - The Company does not recommend payment of any dividend for the year ended December 31, 2023[100]. - The Directors' shareholding includes Mr. Sang Kangqiao with 289,372,000 shares, representing approximately 36.4% of the total[104]. Audit and Financial Reporting - The Group's financial statements for the year ended December 31, 2023, have been audited by PwC, with a resolution to reappoint them as auditors at the upcoming annual general meeting[161]. - The Audit Committee has reviewed the consolidated financial statements for the year ended December 31, 2023[179]. - The annual report is accessible on the Stock Exchange website and the company's website, ensuring transparency and availability of financial information[197]. Share Option Schemes - The Company has adopted two share option schemes to motivate and retain eligible participants[121]. - The maximum number of shares for the 2021 Share Option Scheme is 79,500,000, representing 10% of the issued shares at the adoption date[152]. - The total number of shares available for issue under the 2013 and 2021 Share Option Schemes are 40,000,000 and 0 shares respectively, which represent approximately 5.03% and 0% of the issued shares as of the report date[175].

Financial Performance - For the year ended December 31, 2023, the company reported total revenue of HKD 205,314,000, a decrease of 21.7% from HKD 262,271,000 in 2022[13] - The gross profit for the year was HKD 22,964,000, down 52.0% from HKD 47,857,000 in the previous year[13] - The operating loss for the year was HKD 49,331,000, compared to an operating loss of HKD 164,629,000 in 2022, indicating an improvement[13] - The net loss attributable to equity holders of the company was HKD 40,132,000, a reduction from HKD 159,952,000 in the prior year[15] - Total comprehensive loss for the year was HKD 43,533,000, down from HKD 188,990,000 in 2022[14] - The company reported a loss before tax of HKD 45,339,000 in 2023, compared to a loss of HKD 163,175,000 in 2022, indicating an improvement[31] - The loss attributable to equity holders was HKD 34,845,000 in 2023, compared to HKD 157,410,000 in 2022, indicating a decrease of about 77.9%[69] - The basic loss per share improved to HKD 0.05 in 2023 from HKD 0.20 in 2022, reflecting a 75% reduction in loss per share[69] Revenue Breakdown - Environmental maintenance service revenue decreased to HKD 161,419,000 from HKD 247,348,000, representing a decline of 34.7%[33] - Trade business revenue increased significantly to HKD 19,986,000 from HKD 2,157,000, marking a growth of 828.5%[33] - Revenue from environmental maintenance business was HKD 107,867,000 in 2023, down from HKD 144,878,000 in 2022, indicating a decrease of approximately 25.6%[56] - The revenue cost for the year was approximately HKD 182,350,000, a decrease of about 15.0% compared to HKD 214,414,000 in 2022, aligning with the decline in environmental maintenance business revenue[120] - The cosmetics trading business generated revenue of approximately HKD 19,986,000, a significant increase from HKD 2,157,000 in 2022[160] Assets and Liabilities - Current assets decreased to HKD 448,082,000 from HKD 505,512,000 in the previous year, reflecting a decline of 11.3%[17] - Total assets decreased to HKD 588,504,000 from HKD 681,957,000, a decline of 13.7%[18] - Total liabilities decreased to HKD 157,462,000 from HKD 209,219,000, indicating a reduction of 24.8%[18] - Non-current assets decreased from HKD 176,445,000 in 2022 to HKD 140,422,000 in 2023[31] - Trade receivables decreased to HKD 152,833,000 in 2023 from HKD 186,468,000 in 2022, a decline of approximately 18.0%[74] - The company’s trade payables decreased to HKD 20,528,000 in 2023 from HKD 44,149,000 in 2022, a reduction of approximately 53.5%[78] Impairment and Provisions - The impairment of goodwill was recorded at HKD 91,701,000 in 2022, with no impairment in 2023[30] - The company reported a net impairment loss on financial assets and contract assets of HKD 15,392,000 in 2023, compared to HKD 12,474,000 in 2022, reflecting an increase of approximately 23.3%[56] - The company recognized contract assets of HKD 29,436,000 in 2023, with a provision for impairment of HKD 13,078,000[33] - The company’s goodwill was fully impaired as of December 31, 2023, indicating a complete write-off of previously recognized goodwill[84] Cash Flow and Expenditures - The cash and cash equivalents increased to HKD 245,234,000 in 2023 from HKD 81,911,000 in 2022[107] - Capital expenditure for 2023 was HKD 1,243,000, down from HKD 2,367,000 in 2022, a decrease of 47.5%[30] - Employee benefits expenses for the year amounted to approximately HKD 107,867,000, a decrease of about 25.5% compared to HKD 144,878,000 in the previous year, primarily due to the reduction in workforce[164] Corporate Governance and Compliance - The company has adhered to the corporate governance code and will continue to review and update its practices to ensure compliance with legal and business standards[190] - The audit committee reviewed the annual results for the year ending December 31, 2023, ensuring compliance with the relevant regulations[194] Future Outlook and Strategy - The company plans to continue utilizing available resources to develop its core and new businesses, particularly in high-growth sectors in China, including high-tech and internet businesses[180] - The total amount allocated for new environmental maintenance projects and logistics chain business development is approximately HKD 149.5 million[188] Employee and Workforce Changes - As of December 31, 2023, the group had cash and cash equivalents of approximately HKD 245,234,000, an increase of 199.4% from HKD 81,911,000 in 2022[138] - As of December 31, 2023, the company had a total of 1,809 employees, a decrease from 2,192 employees as of December 31, 2022, reflecting a reduction of approximately 17.4%[164]

Financial Performance - During the Interim Period, the Group recorded total revenue of approximately HK$109,946,000, representing a decrease of approximately 20.9% compared to the corresponding period of approximately HK$138,913,000[8]. - The loss attributable to the equity holders of the Company was approximately HK$1,945,000, compared to a profit of approximately HK$7,404,000 in the corresponding period, mainly due to a decrease in revenue from the environmental maintenance business by approximately HK$40.4 million[10]. - Revenue for the Interim Period was approximately HK$109,946,000, representing a decrease of 20.9% compared to the same period of the previous financial year[22]. - The company reported a loss for the period of HK$465,000, a significant decline from a profit of HK$10,441,000 in the previous year[39]. - Total comprehensive loss attributable to equity holders of the Company was HK$2,855,000, compared to a total comprehensive income of HK$6,763,000 in the previous financial year[26]. - Gross profit for the interim period was HK$13,014,000, down from HK$19,712,000 in the previous year[37]. - Operating loss for the six months ended June 30, 2023, was HK$1,873,000, compared to an operating profit of HK$13,793,000 in the same period of 2022[37]. - The company incurred finance income of HK$3,264,000 and finance costs of HK$159,000, resulting in net finance income of HK$3,105,000[39]. - The company reported a basic loss per share of HK$0.003 for the six months ended June 30, 2023, compared to earnings per share of HK$0.009 in the same period of 2022[182]. - The diluted loss per share for the Interim Period was equal to the basic loss per share due to the non-dilutive effect of share options[198]. Cash Flow and Assets - The Group's cash and cash equivalents as of 30 June 2023 were approximately HK$185,323,000, reflecting an increase of approximately 126.3% from approximately HK$81,911,000 as of 31 December 2022[10]. - Net cash inflow from operating activities was HK$4,061,000, a significant improvement from a net outflow of HK$19,382,000 in the previous year[60]. - Net cash inflow from investing activities increased to HK$107,741,000 compared to HK$5,365,000 in the same period last year[60]. - The total cash and cash equivalents at the end of the period reached HK$185,323,000, up from HK$231,341,000 at the end of the previous period[60]. - The company experienced a cash increase of HK$100,607,000 during the period, contrasting with a decrease of HK$403,000 in the prior year[60]. - Total assets as of June 30, 2023, increased to HK$686,997,000, up from HK$681,957,000 as of December 31, 2022, representing a growth of approximately 0.6%[41]. - The company reported a decrease in non-current assets, specifically property, plant, and equipment, which fell to HK$29,691,000 from HK$37,341,000, a decline of 20.6%[41]. - Trade receivables as of 30 June 2023 were approximately HK$203,631,000, representing an increase of approximately 9.2% compared to the amount as of 31 December 2022[11]. - Trade receivables rose to HK$203,631,000, an increase of 9.2% from HK$186,468,000 at the end of 2022[41]. - Current liabilities totaled HK$178,902,000, slightly up from HK$174,029,000 at the end of 2022, indicating a 1.1% increase[58]. Business Segments and Operations - The company operates four segments: environmental maintenance, property leasing, securities trading, and others, which includes medical devices, cosmetics, and frozen meat sales[90]. - The financial performance of the "Others" segment includes revenues from manufacturing and selling medical devices, cosmetics, and frozen meat[90]. - The company continues to focus on market expansion and new product development strategies[22]. - The company is focused on expanding its environmental maintenance and property leasing businesses, with ongoing investments in new technologies and market strategies[47]. - The company did not report any new product launches or significant market expansions during the interim period[34]. Liabilities and Equity - Total liabilities as of June 30, 2023, were HK$213,131,000, compared to HK$209,219,000 at the end of 2022, reflecting a 1.0% increase[58]. - Lease liabilities decreased to HK$1,356,000 from HK$1,820,000 in the previous financial year[28]. - Deferred income tax liabilities remained relatively stable at HK$32,873,000 compared to HK$32,958,000 in the previous year[28]. - Total equity as of June 30, 2023, was HK$473,866,000, slightly up from HK$472,738,000 in the previous year[28]. - Non-controlling interests increased to HK$93,587,000 from HK$92,107,000 year-on-year[28]. Dividends - The company did not declare any dividends for the Interim Period[26]. - The company did not recommend the payment of an interim dividend for the interim period, consistent with the previous year[182].

Revenue Performance - Total revenue for the six months ended June 30, 2023, was HKD 109,946,000, a decrease of 21% compared to HKD 138,913,000 for the same period in 2022[1] - Revenue from environmental maintenance services was HKD 91,318,000, down 30% from HKD 131,718,000 year-over-year[8] - Revenue from property leasing was HKD 1,364,000, a slight decrease from HKD 1,614,000 year-over-year[8] - The total revenue for the group during the interim period was approximately HKD 109,946,000, a decrease of about 20.9% compared to HKD 138,913,000 in the same period last year, primarily due to the completion and non-renewal of several environmental maintenance service contracts[50] - Revenue from the environmental maintenance business decreased by approximately 40.4 million HKD, contributing to the overall decline in revenue[54] - The group completed the acquisition of Shanghai Youmitai Medical Technology Co., Ltd., which generated revenue of approximately HKD 7,289,000 during the interim period, compared to HKD 5,581,000 in the same period last year[46] - The group began operating a frozen meat trading business in China, generating revenue of approximately HKD 902,000 during the interim period[47] - The cosmetics trading business started in October 2022 contributed approximately HKD 8,994,000 in revenue during the interim period[48] Profit and Loss - The company reported a segment profit of HKD 6,790,000 for the first half of 2023, compared to HKD 12,852,000 in the same period of 2022, reflecting a decline of 47%[1] - The company reported a segment loss of HKD 1,680,000 in the first half of 2023, compared to a profit of HKD 7,808,000 in the same period of 2022[1] - The company reported a loss attributable to shareholders of HKD 1,945,000 for the six months ended June 30, 2023, compared to a profit of HKD 7,404,000 in the same period last year, representing a significant decline[19] - The group recorded a loss attributable to equity holders of approximately HKD 1,945,000 during the interim period, compared to a profit of approximately HKD 7,404,000 in the same period last year[54] - Gross profit for the six months was HKD 13,014,000, down from HKD 19,712,000 in the previous year[96] - The company reported a comprehensive loss of HKD 910,000 during the period, compared to a comprehensive income of HKD 6,763,000 for the same period last year[105] Financial Position - Cash and cash equivalents as of June 30, 2023, amounted to HKD 185,323,000, an increase from HKD 81,911,000 at the end of 2022[4] - Total assets as of June 30, 2023, were HKD 686,997,000, compared to HKD 681,957,000 at the end of 2022[4] - The total liabilities as of June 30, 2023, were HKD 213,131,000, an increase from HKD 209,219,000 at the end of 2022[4] - Trade receivables as of June 30, 2023, amounted to HKD 204,431,000, an increase from HKD 187,268,000 as of December 31, 2022, reflecting a growth of approximately 9.2%[22] - The accumulated losses increased to HKD 275,197,000 as of June 30, 2023, from HKD 113,972,000 as of January 1, 2022[105] - The company maintained a net cash position as of June 30, 2023, with no disclosed debt-to-equity ratio due to the absence of net debt[61] Dividends and Shareholder Returns - The company did not recommend the payment of an interim dividend for the current period, consistent with the previous year[17] - No interim dividend was declared for the period[99] Employee and Operational Metrics - As of June 30, 2023, the group had 872 employees, an increase from 843 employees as of June 30, 2022[68] Business Segments - The company operates four business segments: environmental maintenance, property leasing, securities trading, and others[114] - The other business segment includes financial data from medical device manufacturing, cosmetics sales, and frozen meat sales[115] Financial Standards and Regulations - The company has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not have a significant impact on the financial statements[111] Future Outlook and Strategy - The board believes that investing in high-growth businesses in China, including high-tech, software consulting, and internet services, is key to providing stable income and long-term value for shareholders[81]

Share Incentive Plan - The share incentive plan allows for a maximum of 79,500,000 shares, representing approximately 10% of the company's issued share capital as of the adoption date [4]. - As of December 31, 2022, the number of shares available for grant under the share incentive plan was 24,624,000, accounting for about 3.10% of the total issued shares [4]. - The remaining term of the share incentive plan is approximately 8 years [4]. - The purpose of the share incentive plan is to recognize and reward contributions from eligible participants and to attract and retain suitable personnel for the company's growth [7]. - No shares have been granted or vested to eligible participants since the adoption date of the share incentive plan [8].

Revenue Performance - The revenue for the year ended December 31, 2022, was approximately HKD 247.3 million, a decrease of about 24.1% compared to HKD 326.0 million in the previous year[5]. - The revenue for the medical device business was approximately HKD 8.4 million, a decrease of about 30.0% from HKD 12.0 million in the previous year[23]. Goodwill Impairment - The goodwill impairment loss for the environmental maintenance business was approximately HKD 91.7 million, based on the recoverable amount determined using the discounted cash flow method[13]. - The goodwill impairment loss for the property leasing business was approximately HKD 18.4 million, based on fair value less costs to sell[3]. Business Outlook - The expected revenue growth rates for the environmental maintenance business were adjusted to -43.2% and -9.4% for the first and second years, respectively, due to the impact of COVID-19[6]. - The management anticipates a gradual recovery in the environmental maintenance business starting from the fiscal year 2025[6]. - The valuation growth rates for the year 2022 were not applicable, while the growth rates for 2023 and 2024 were set at 50% and 30%, respectively, for the acquisition valuation[18]. - The valuation growth rates for the 2022 fiscal year were significantly impacted by the observed revenue decline, leading to higher growth rates in subsequent years[19]. Challenges Faced - The company faced challenges in acquiring new contracts during the fiscal year 2022 due to competitive pricing and reduced willingness to bid on new projects[6]. Valuation Methods - The company utilized the direct comparison method for valuing investment properties, supported by observable comparable sales data from the active real estate market in Beijing[3].