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].

Financial Performance - The environmental maintenance business recorded a revenue of approximately HK$247,348,000 in 2022, a decline of 24% compared to HK$325,957,000 in 2021 due to the impact of COVID-19 lockdowns[4]. - The Group recorded a revenue of approximately HK$262,271,000 for the year ended 31 December 2022, representing a decrease of approximately 21.0% compared to HK$332,047,000 for the year ended 31 December 2021[32]. - The total comprehensive loss attributable to equity holders of the Company was approximately HK$177,211,000, compared to an income of approximately HK$48,439,000 in 2021[32]. - The Group's gross profit for the year amounted to approximately HK$47,857,000, a decrease from HK$81,852,000 in 2021, resulting in a total comprehensive loss attributable to equity holders of approximately HK$177,211,000 compared to an income of approximately HK$48,439,000 in 2021[13]. - The gross profit ratio for the year was approximately 18.2%, down from approximately 24.7% for the year ended 31 December 2021[38]. - The total revenue for the year was HK$262,271,000, down from HK$332,047,000, with a cost of revenue of approximately HK$214,414,000, a reduction of about 14.3% from HK$250,195,000 in the previous year[66]. Business Operations - As of December 31, 2022, the Group had 11 environmental maintenance service contracts in progress with a total contract amount of approximately RMB584,560,000, down from RMB730,000,000 in 2021[4]. - The environmental maintenance business is expanding into other regions in the PRC, including Xinjiang Autonomous Region, Hebei Province, and Inner Mongolia Autonomous Region[32]. - The Group invested in three new businesses: manufacturing and sales of medical devices, sales of cosmetics products, and sales of frozen meat[37]. - The acquisition of Shanghai Umitai Medical Technology Co. Ltd expanded the group's business into medical devices, generating approximately HK$3,328,000 in revenue during the year[63]. - The frozen meat trading business initiated in August 2022 generated approximately HK$6,064,000 in revenue during the year[63]. - The cosmetics trading business started in October 2022 contributed approximately HK$2,157,000 in revenue during the year[63]. Financial Position - The total assets of the Group decreased to HK$681,957,000 in 2022 from HK$848,607,000 in 2021[52]. - The net assets of the Group were HK$472,738,000 in 2022, down from HK$656,201,000 in 2021[52]. - As of December 31, 2022, the Group's cash and cash equivalents decreased by 64.9% to approximately HK$81,911,000 compared to HK$233,608,000 as of December 31, 2021[92]. - The Group maintained a net cash position as of December 31, 2022, and did not disclose a gearing ratio due to the absence of significant debt[16]. - The Group's restricted cash amounted to approximately HK$9,000, compared to HK$7,688,000 in 2021, pledged as performance guarantees for various projects[16]. Expenses and Impairments - General and administrative expenses increased by approximately 170.4% to approximately HK$191,498,000, primarily due to goodwill impairment of approximately HK$129,112,000[67]. - A fair value loss on investment properties amounted to approximately HK$12,128,000, compared to a fair value gain of approximately HK$1,874,000 in the previous year[67]. - Goodwill impairment related to the BYL Group amounted to approximately HK$91,701,000, with additional impairment of intangible assets for customer relationships at approximately HK$2,849,000[68]. - The group recorded a loss on disposal of financial assets at fair value through profit or loss amounting to approximately HK$2,884,000, compared to a gain of HK$59,409,000 in 2021[41]. Shareholder Information - As of December 31, 2022, the Company's reserves available for distribution to shareholders amounted to approximately HK$403,757,000[85]. - The Group did not recommend any dividend payment for the year ended 31 December 2022[118]. - The Company has a dividend policy that is subject to review based on operational performance, liquidity, and capital requirements, with no guarantee of specific dividend payments in any period[107]. - The interests of substantial shareholders recorded as of December 31, 2022 include no interests or short positions in shares or debentures that required notification[126]. Corporate Governance - The Company is committed to high standards of corporate governance and business ethics[165]. - The Board comprises six directors, including three executive directors and three independent non-executive directors[186]. - The Company has complied with the Corporate Governance Code throughout the year ended December 31, 2022[185]. - The Board is responsible for maintaining proper accounting records to monitor the Company's overall financial position[198]. - The Company provides timely announcements of operations and financial positions to shareholders through half-yearly and annual results[198]. Risk Management - The management will continue to monitor foreign exchange risks, particularly fluctuations in RMB against HKD, and will adopt hedging measures where necessary[16]. - The Group faced tremendous pressure on recovery due to complex external factors and sporadic COVID-19 resurgences, which restricted business expansion[77]. Employee Information - As of December 31, 2022, the Group had a total of 2,192 employees, comprising 1,000 staff and 1,192 laborers[147]. - Total employee benefits expenses decreased by approximately 24.4% to approximately HK$144,878,000, attributed to a reduction in the number of employees from 4,690 to 2,192[67]. Strategic Initiatives - The Group plans to explore business opportunities in high growth sectors in the PRC, including high technology and internet businesses[37]. - The Group aims to generate a stable and constant stream of income and create long-term value for shareholders[37]. - The management team is focused on strategic initiatives that include potential mergers and acquisitions to enhance market presence[102].

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 NET-A-GO TECHNOLOGY COMPANY LIMITED 網譽科技有限公司 （於開曼群島註冊成立的有限公司） 1483 （股份代號： ） 截至二零二二年十二月三十一日止年度 年度業績公佈 業績 董事會公佈本公司及其附屬公司（「本集團」）截至二零二二年十二月三十一日止年度 的綜合業績連同緊接上一個年度的比較數字如下： 綜合全面收益表 截至二零二二年十二月三十一日止年度 截至十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 4 262,271 332,047 收益 5 (214,414) (250,195) 收益成本 47,857 81,852 毛利 5 (191,498) (70,808) 一般及行政開支 5 (12,474) (626) ...

Financial Performance - Revenue for the six months ended June 30, 2022, amounted to approximately HK$138,913,000, representing a decrease of 12.1% compared to the same period of the previous financial year[13]. - Profit attributable to equity holders of the Company decreased by 67.6% to HK$7,404,000 for the Interim Period, down from HK$22,846,000 for the same period of the previous financial year[13]. - Basic and diluted earnings per share for the Interim Period were HK0.9 cents, a decrease from HK3.1 cents in the previous year[23]. - No dividend was declared for the Interim Period[13]. - Gross profit for the six months ended June 30, 2022, was HK$19,712,000, down from HK$38,505,000 in the previous year[18]. - Operating profit for the Interim Period was HK$13,793,000, compared to HK$38,210,000 for the same period in the previous year[18]. - Total comprehensive income for the period was HK$9,800,000, significantly lower than HK$35,684,000 in the previous year[23]. - Profit before income tax for the Interim Period was HK$13,660,000, with an income tax expense of HK$3,219,000[20]. - Other comprehensive loss for the period was HK$(641,000), compared to a gain of HK$5,236,000 in the previous year[20]. - The total accumulated losses as of June 30, 2022, were HK$120,032,000[46]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to HK$845,292,000, a decrease of 0.4% from HK$848,607,000 as of December 31, 2021[33]. - Current assets decreased to HK$511,236,000 from HK$521,764,000, reflecting a decline of 2.4%[32]. - Trade receivables increased significantly to HK$168,901,000, up 25.5% from HK$134,475,000 in the previous year[32]. - Total equity as of June 30, 2022, was HK$642,211,000, down from HK$656,201,000, representing a decrease of 2.1%[35]. - Current liabilities rose to HK$203,081,000, an increase of 5.5% compared to HK$192,406,000 at the end of 2021[38]. - Total liabilities increased to HK$203,081,000, reflecting a rise of 5.5% from HK$192,406,000[38]. - Non-current liabilities included deferred income tax liabilities of HK$39,489,000, slightly up from HK$39,131,000[35]. Cash Flow - For the six months ended June 30, 2022, the net cash outflow from operating activities was HK$19,382,000, compared to HK$6,399,000 in the same period of 2021[48]. - The net cash inflow from investing activities for the same period was HK$5,365,000, an increase from HK$1,561,000 in 2021[48]. - The net cash inflow from financing activities was HK$13,614,000, significantly lower than HK$129,435,000 in the previous year[48]. - As of June 30, 2022, cash and cash equivalents decreased to HK$231,341,000 from HK$236,775,000 at the end of the previous period[48]. Segment Performance - The Group has four operating segments: environmental maintenance, property leasing, securities trading, and medical devices[65]. - Segment revenue for the environmental maintenance business was HK$131,718,000, while the property leasing business generated HK$12,852,000[70]. - Revenue from environmental maintenance business was HK$131,718,000, down 15.8% from HK$156,467,000 in the previous year[86]. - Medical devices business generated sales of HK$5,581,000, with no revenue reported in the same period of 2021[86]. Employee and Operational Metrics - The Group had a total of 843 employees as of June 30, 2022, a decrease from 1,859 employees as of June 30, 2021[152]. - Salaries and benefits expenses for workers were approximately HK$71,122,000, consistent with the previous year's expenses of HK$71,174,000[153]. Investment and Future Plans - The Group completed the acquisition of 90% equity interests in a medical devices business for a total consideration of RMB27,000,000 (approximately HK$33,067,972) on May 31, 2022[167]. - The Group aims to diversify revenue sources and increase shareholder value through potential investment opportunities[194]. - The Board emphasizes investing in high-growth businesses in the PRC, including high technology, software consulting, and internet services, to create long-term shareholder value[195]. Risks and Challenges - The Group is exposed to foreign exchange risk due to fluctuations between HKD and RMB, but does not engage in speculative derivatives or hedging instruments[162]. - The identification of potential investment opportunities has been delayed due to COVID-19 and related restrictions imposed by the PRC Government[195].

Financial Performance - Revenue for 2021 was HK$332,047,000, an increase of 30% from HK$255,443,000 in 2020[14] - Profit before income tax for 2021 was HK$57,079,000, slightly up from HK$56,720,000 in 2020[14] - The Group's profit after tax for continuing operations was approximately HK$48,297,000, compared to approximately HK$43,083,000 in the previous year[30] - The total comprehensive income attributable to equity holders from continuing operations was approximately HK$48,439,000, compared to approximately HK$42,697,000 in 2020[31] - The gross profit for the year amounted to approximately HK$81,852,000, down from approximately HK$91,033,000 in 2020, with a gross profit ratio of approximately 24.7% compared to 35.6% in the previous year[31] - Cost of revenue rose to approximately HK$250,195,000 in 2021, a 52.2% increase from HK$164,410,000 in 2020, primarily due to higher revenue from the environmental maintenance business[46] Assets and Liabilities - Total assets as of December 31, 2021, were HK$848,607,000, compared to HK$669,099,000 in 2020, reflecting a growth of 27%[14] - Net assets increased to HK$656,201,000 in 2021, up from HK$468,134,000 in 2020, representing a 40% increase[14] - Current liabilities decreased to HK$152,687,000 in 2021 from HK$160,197,000 in 2020, indicating improved financial stability[14] - The Group maintained a strong cash position with total current assets of HK$521,764,000 in 2021[14] - As of December 31, 2021, the Group's cash and cash equivalents were approximately HK$233,608,000, representing an increase of 80.9% compared to approximately HK$129,132,000 as of December 31, 2020[54] Revenue Sources - The environmental maintenance business contributed approximately HK$325,957,000 to the total revenue, reflecting an increase of 28.5% from HK$253,704,000 in the previous year[30] - The property leasing business generated rental income of approximately HK$3,133,000, up from HK$1,665,000 in 2020, reflecting a recovery in office vacancy rates[34] - Revenue from securities trading business rose to HK$2,957,000 in 2021, significantly up from HK$74,000 in 2020, representing an increase of approximately 3,895.9%[45] Expenses and Employee Costs - General and administrative expenses increased to approximately HK$71,434,000 in 2021, up 38.4% from HK$51,601,000 in 2020, aligned with revenue growth and increased share-based payment expenses[47] - Employee benefits expenses totaled approximately HK$191,672,000 in 2021, reflecting a 41.1% increase from HK$135,853,000 in 2020, driven by a rise in labor numbers and minimum salary rates[52] - The number of employees increased to 4,690 as of December 31, 2021, from 4,185 in 2020, indicating a growth of approximately 12.1%[52] Strategic Focus and Future Outlook - The management is optimistic about future growth and market expansion strategies[19] - The company is focused on new product development and technological advancements to enhance its market position[19] - The Group plans to explore business opportunities in high-growth sectors in the PRC, including high technology, software consulting, and internet services[23] - The Group remains optimistic about future business development and intends to execute established business strategies to enhance value and provide returns to shareholders[24] Shareholder Information and Dividends - The Group's reserves available for distribution to shareholders amounted to approximately HK$432,571,000 as of December 31, 2021[112] - The Company does not recommend payment of any dividend for the year ended December 31, 2021[107] - The Directors will review the dividend policy from time to time and may modify it as deemed necessary[109] Corporate Governance and Leadership - The company has a strong leadership team with diverse backgrounds in finance, law, and management, enhancing its strategic decision-making capabilities[93][96][100] - The independent directors bring valuable insights and governance oversight, ensuring accountability and strategic alignment with shareholder interests[96][98] Share Option and Award Schemes - The company adopted a Share Reward Scheme on August 10, 2021, with 22,894,000 ordinary shares acquired at a total cost of HK$33,806,000[64][66] - The company adopted a share option scheme on February 5, 2021, granting options for a total of 29,600,000 ordinary shares at an exercise price of HK$1.21 per share[74] - The purpose of the share option schemes is to recognize contributions from eligible participants and to motivate them for better performance and efficiency for the benefit of the Group[199] Investment and Financial Strategy - The Group adopted a more conservative investment strategy in the securities market, disposing of various higher-risk equity securities[34] - The Board aims to enhance the overall return on capital by effectively utilizing temporary idle funds through treasury management[34] - The increase in cash position was primarily due to net proceeds of approximately HK$149,537,000 from the share placing in April 2021[54] Related Party Transactions and Compliance - The Company confirmed compliance with the disclosure requirements in accordance with Chapter 14A of the Listing Rules regarding related party transactions[152] - The Company did not purchase, redeem, or sell any of its listed securities during the year, except for 22,894,000 ordinary shares acquired by the trustee of the 2021 Share Award Schemes[170]