Financial Performance - The Group recorded a revenue of approximately HK$198,551,000 for the six months ended June 30, 2023, representing a decrease of 42.2% compared to HK$343,396,000 for the same period in 2022[14]. - Gross profit for the period was approximately HK$39,367,000, down 38.5% from HK$64,035,000 in the previous year, with a gross profit margin increase from 18.6% to 19.8%[14]. - Profit attributable to equity holders of the Company was approximately HK$6,419,000, a decrease of 72.2% from HK$23,083,000 in the prior year[14]. - Revenue from feeder shipping services decreased by approximately HK$95,967,000 or 38.3%, while revenue from carrier owned container services decreased by approximately HK$21,528,000 or 51.8%[25][29]. - Profit for the period was HK$6,419,000, a decline of 72.1% compared to HK$23,083,000 in the previous year[80]. - Basic earnings per share decreased to HK$0.41 from HK$1.49, representing a drop of 72.5%[78]. - The total comprehensive expenses for the period amounted to HK$790,000, compared to a total comprehensive income of HK$20,827,000 for the same period in 2022[85]. - The Group's profit before tax for the six months ended June 30, 2023, was HK$7,662,000, a significant decrease from HK$26,645,000 in the prior year, representing a decline of about 71.2%[105][106]. Operational Metrics - The Group's feeder shipping services, carrier owned container services, and barge services saw a total shipment volume decrease of 24.4%, from 226,531 TEUs to 171,247 TEUs[16]. - Sea freight forwarding agency services experienced a shipment volume decline of 13.0%, from 4,553 TEUs to 3,960 TEUs, with gross profit decreasing by 56.7%[17]. - The container throughput of Hong Kong port decreased by 15.5% during the same period, impacting the Group's overall performance[15]. - For the six months ended June 30, 2023, the Group's container throughput decreased by 15.5% compared to the same period last year[19]. - The Group's feeder shipping services recorded a TEU volume of 171,247, down 24.4% from 226,531 TEUs in the same period last year, with gross profit decreasing by 35.7% to approximately HK$35,592,000[19][21]. - Sea freight forwarding services saw a TEU volume decrease of 13.0% to 3,960 TEUs, with gross profit declining by 56.7% to approximately HK$3,775,000[19][21]. Financial Position - Current assets as of June 30, 2023, were HK$192,717,000, down from HK$238,006,000 at the end of 2022[12]. - Current liabilities decreased to HK$140,398,000 from HK$191,695,000, resulting in net current assets of HK$52,319,000[12]. - Total assets decreased to HK$361,278,000 from HK$413,132,000, with net assets slightly down to HK$219,600,000[12]. - The Group's gearing ratio as of June 30, 2023, was 30.8%, slightly up from 30.4% as of December 31, 2022[33]. - The Group's equity-to-debt ratio as of June 30, 2023, was 30.8%, slightly up from 30.4% as of December 31, 2022[36]. - The Group had mortgage loans of approximately HK$19,744,000 as of June 30, 2023, down from approximately HK$20,416,000 as of December 31, 2022[36]. - The Group's total number of employees as of June 30, 2023, was 201, a slight decrease from 203 as of December 31, 2022[48]. Cash Flow and Liquidity - As of June 30, 2023, the Group had cash and bank balances of approximately HK$124,543,000, a decrease from HK$147,991,000 as of December 31, 2022[36]. - The company experienced a net cash outflow from operating activities of HK$18,370,000 for the six months ended June 30, 2023, compared to a net cash inflow of HK$7,742,000 in 2022[88]. - The cash and cash equivalents at the end of the reporting period were HK$124,543,000, an increase from HK$118,912,000 at the end of June 2022[88]. - The Group's total cash outflow for leases was approximately HK$38,132,000, compared to HK$34,869,000 for the same period in 2022, reflecting an increase of about 6.5%[170]. Cost Management - The Group's operational costs decreased by approximately HK$120,177,000 or 43.0% to approximately HK$159,184,000 compared to the same period last year[21][24]. - The cost of services for the six months ended June 30, 2023, was HK$159,184,000, compared to HK$279,361,000 for the same period in 2022, reflecting a reduction of approximately 43%[105][106]. - The Group's total staff costs for the six months ended June 30, 2023, were approximately HK$20,969,000, compared to approximately HK$19,275,000 for the same period last year, reflecting an increase of about 8.8%[48]. - Finance costs increased to HK$1,400,000 from HK$707,000, reflecting a rise of 97.7%[120]. Strategic Initiatives - The Group aims to expand its customer base and explore extending routes to diversify revenue sources amid challenges in the global trade market[26][27]. - The Group continues to maintain high-quality services and manage costs effectively to enhance competitiveness[27][31]. Compliance and Governance - The Audit Committee has reviewed the unaudited financial statements for the six months ended June 30, 2023, ensuring compliance with relevant regulatory requirements[40]. - The interim financial statements were approved by the board of directors on August 25, 2023[190]. - The Group has adopted new/revised HKFRSs effective from the current period, including amendments to HKAS 1, HKAS 8, and HKAS 12, which may impact future financial reporting[98][101].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 EVER HARVEST GROUP HOLDINGS LIMITED 永 豐 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1549） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 公 告 永豐集團控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈， 本公司及其附屬公司（統稱「本集團」）截至2023年6月30日止六個月之未經 審核簡明綜合業績，連同2022年同期之比較數字載列如下： 簡明綜合收益表 截至2023年6月30日止六個月 截至6月30日止六個月 2023年 2022年 （未經審核） （未經審核） 附註 千港元 千港元 收益 4 198,551 343,396 服務成本 (159,184) (279,361) 毛利 39,367 64,035 ...

Financial Performance - For the year ended December 31, 2022, the Group recorded a revenue of approximately HK$655,518,000, representing an increase of 34.1% compared to HK$488,964,000 in 2021[17]. - The Group achieved a profit for the year of approximately HK$27,642,000, up from HK$22,783,000 in 2021, reflecting a growth of 21.1%[17]. - Gross profit for the year was approximately HK$103,810,000, with a gross profit margin of 15.8%[10]. - Operating profit for the year was approximately HK$34,834,000, with an operating profit margin of 5.3%[10]. - The Group's gross profit for the same period was approximately HK$103,810,000, an increase of 27.0% from HK$81,733,000 in 2021, with a gross profit margin decreasing from 16.7% to 15.8%[28]. - The Group's profit for the year was approximately HK$27,642,000, compared to HK$22,783,000 in 2021[28]. Assets and Liabilities - Current assets increased to HK$238,006,000, while current liabilities decreased to HK$191,695,000, resulting in net current assets of HK$46,311,000[13]. - Total assets reached HK$413,132,000, with net assets amounting to HK$220,390,000[13]. - The gearing ratio improved to 30.4%, down from 36.7% in the previous year[13]. - As of December 31, 2022, the Group held bank balances and cash of approximately HK$147,991,000, up from approximately HK$123,821,000 in 2021[51]. - The Group's gearing ratio as of December 31, 2022, was 30.4%, down from 36.7% in 2021[51]. - The Group's total borrowings included a mortgage loan of approximately HK$20,416,000 and a term loan of approximately HK$26,430,000, both repayable over five years[51]. Operational Performance - Container throughput at Hong Kong port decreased by 6.3% compared to the previous year, yet the Group outperformed the market[17]. - Total shipment volume for feeder shipping services, carrier owned container services, and barge services increased by 61,803 TEUs or 14.7%, from 420,561 TEUs to 482,364 TEUs[30]. - Gross profit from these services increased by approximately HK$21,071,000 or 30.6%, from approximately HK$68,886,000 to approximately HK$89,957,000[30]. - Sea freight forwarding agency services experienced a decrease in shipment volume of 633 TEUs or 6.8%, from 9,318 TEUs to 8,685 TEUs, but gross profit increased by approximately HK$1,006,000 or 7.8%[31]. - The Group's operational costs amounted to approximately HK$551,708,000, representing an increase of approximately HK$144,477,000 or 35.5% compared to the previous year[36]. - The Group's operational costs amounted to approximately HK$551,708,000, an increase of about HK$144,477,000 or 35.5% compared to the same period last year[38]. Environmental and Sustainability Initiatives - The Group aims to reduce GHG emissions to ≤ 19,559.53 tonnes by 2030[99]. - The company has implemented measures to minimize air emissions, focusing on fuel efficiency and vessel maintenance[100][105]. - The company is committed to creating green offices and has actively implemented electricity savings, emission reduction, and recycling initiatives[91]. - The Group aims to reduce total GHG emissions by 5% by 2030 compared to 2021 levels[107]. - Greenhouse gas (GHG) emissions rose to 23,651.21 tonnes CO2 equivalent in 2022, up from 20,588.98 tonnes in 2021[99]. - Total NOx emissions increased to 604.40 tonnes in 2022 from 525.65 tonnes in 2021[103]. - Total SOx emissions rose to 355.92 tonnes in 2022, up from 309.55 tonnes in 2021[103]. - Total PM emissions increased to 48.89 tonnes in 2022 from 42.52 tonnes in 2021[103]. - The Group has installed energy-efficient equipment and lighting devices in offices to enhance energy efficiency[110]. - The Group is committed to preventing oil spillage and protecting aquatic habitats as part of its environmental responsibility[123]. Human Resources and Employee Welfare - As of December 31, 2022, the Group employed a total of 203 staff, with 149 female and 54 male employees, indicating a strong female representation[138][139]. - The workforce is primarily located in Mainland China (165 employees) and Hong Kong (38 employees), highlighting the geographical distribution of the Group's human resources[140]. - The Group's remuneration and benefits include allowances, holidays, pensions, and a discretionary bonus scheme to reward outstanding employee performance[137]. - Employee turnover rate for females is 12.75% and for males is 7.41%[143]. - The turnover rate for employees under 30 years old is significantly higher at 34.15%, compared to 5.71% for those aged 30-50 and 4.55% for those over 50[143]. - The total training hours for employees in 2022 amounted to 203 hours, with an average of 1 hour per employee trained[152][154]. - 100% of employees across all employment categories received training, including senior, middle level, supervisory, and general staff[154]. - The Group reported zero work-related fatalities and zero lost days due to work injury during the year ended December 31, 2022[148][145]. Governance and Compliance - The Group has complied with all relevant laws and regulations impacting its operations, including anti-discrimination ordinances in Hong Kong and employment regulations in Mainland China[132][134]. - The Group has established emergency policies and procedures to mitigate risks from flooding and extreme weather conditions, ensuring employee safety and asset protection[126][128]. - The Group strictly complies with various laws and regulations, including the Company Law and Anti-Money Laundering Law of the People's Republic of China[171]. - The Group promotes integrity and prevents unethical pursuits through clear reporting channels for suspected business irregularities[175]. - There were no concluded legal cases regarding corrupt practices brought against the Group or its employees[177]. - The Board meets annually to evaluate climate-related risks and formulate strategies for risk management, demonstrating proactive governance[125][129]. Community Engagement and Social Responsibility - The Group donated a total of HK$107,800 to support cultural and social services during the year ended December 31, 2022[180]. - The Group actively maintains communication with non-governmental organizations to understand community needs and support initiatives that create lasting benefits[179]. - The Group has a zero-tolerance policy towards child and forced labor, ensuring compliance with relevant regulations[156]. - No service-related complaints were received during the reporting year, indicating a commitment to service responsibility[164].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 EVER HARVEST GROUP HOLDINGS LIMITED 永 豐 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1549） 截 至2022年12月31日 止 年 度 的 全 年 業 績 公 告 永 豐 集 團 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈， 本 公 司 及 其 附 屬 公 司（以 下 統 稱「本 集 團」）截 至2022年12月31日 止 年 度 的 經審核綜合業績，連同2021年同期的比較數字載列如下： 綜合收益表 截至2022年12月31日止年度 2022年 2021年 附註 千港元 千港元 收益 4 655,518 488,964 服務成本 (551,708) (407,231) 毛利 103,810 81,733 其他收入 5 11,859 19,757 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$343,396,000, representing an increase of 81.2% compared to HK$189,565,000 in 2021[10] - Gross profit for the same period was HK$64,035,000, with a gross profit margin of 18.6%, up from 13.5% in 2021[10] - Profit attributable to equity holders of the Company was HK$23,083,000, a significant increase from HK$1,942,000 in the previous year[10] - Earnings per share rose to HK$1.49, compared to HK$0.14 in 2021, reflecting a growth of 964.3%[10] - Profit before tax reached HK$26,645,000, compared to HK$2,121,000 for the same period in 2021, indicating a substantial increase of 1,157.5%[104] - Total comprehensive income for the period was HK$20,827,000, compared to HK$2,853,000 in 2021, representing an increase of 630.5%[107] Assets and Liabilities - Current assets increased to HK$246,787,000 from HK$221,498,000, while current liabilities slightly rose to HK$198,369,000 from HK$198,026,000[15] - The net current assets improved to HK$48,418,000, up from HK$23,472,000, indicating better liquidity[15] - Total assets reached HK$417,076,000, an increase from HK$396,514,000 as of December 31, 2021[15] - The gearing ratio improved to 33.3% from 36.7%, indicating a reduction in financial leverage[15] - The Group's bank balances and cash as of June 30, 2022, were approximately HK$118,912,000, a slight decrease from approximately HK$123,821,000 as of December 31, 2021[39] Operational Highlights - The Company is focusing on expanding its service offerings, particularly in feeder shipping and freight forwarding services[13] - Future outlook includes continued investment in new technologies and market expansion strategies to enhance operational efficiency[13] - Container throughput at Hong Kong port decreased by 3.7% compared to the same period last year, yet the Group's feeder shipping services recorded an increase in shipment volume of 39,012 TEUs, or 20.8%, from 187,519 TEUs to 226,531 TEUs[18] - The Group plans to extend routes and explore new ports in southern China to broaden its customer base and diversify operating risks[32] - The Group aims to maintain strong customer relationships and enhance cost efficiency to compete effectively in the market[32] Expenses and Costs - Operational costs totaled approximately HK$279,361,000, representing an increase of approximately HK$115,311,000, or 70.3%, compared to approximately HK$164,050,000 for the same period last year[23] - Administrative and other operating expenses increased by approximately HK$9,263,000, or 32.3%, totaling approximately HK$37,926,000 compared to approximately HK$28,663,000 for the same period in 2021[31] - The Group's administrative and operating expenses totaled approximately HK$37,926,000 for the six months ended June 30, 2022, an increase of about HK$9,263,000 or 32.3% compared to the same period last year[33] Shareholder Information - Mr. Lau Yu Leung holds a 63.06% interest in the company through controlled corporations and his spouse[74] - Madam Tong Hung Sum also holds a 63.06% interest in the company, which is linked to Mr. Lau Yu Leung's holdings[74] - Mr. Lau Tak Kee Henry owns 52,500,000 shares, representing approximately 3.39% of the company[74] - The interests of directors and chief executives are recorded in accordance with the Securities and Futures Ordinance[73] Corporate Governance - The Company has complied with the Corporate Governance Code throughout the six months ended June 30, 2022[53] - No options have been granted, exercised, or cancelled under the Share Option Scheme since its adoption on June 10, 2016[61] - The Group regularly reviews and determines the remuneration packages of its Directors and senior management based on market levels and Group performance[60] Future Plans and Investments - The Group entered into a vessel transfer agreement to acquire a vessel for a purchase price of RMB7,800,000 (approximately HK$9,136,000) on July 1, 2022, to increase fleet capacity and reduce costs[38] - The net proceeds from a previous subscription amounted to approximately HK$20.5 million, intended for potential acquisition of additional vessels, repayment of existing borrowings, and general working capital[65] - The intended use of net proceeds includes HK$12,300,000 for potential acquisition of additional vessels, HK$6,100,000 for repayment of existing borrowings, and HK$2,100,000 for general working capital[68] Taxation - The Group's Hong Kong Profits Tax for the period was HK$3,562,000, compared to HK$179,000 in 2021, indicating a substantial increase of approximately 1,889%[169] - The Group's PRC entities did not incur any assessable profits for the periods ended June 30, 2022, and 2021, resulting in no provision for PRC Enterprise Income Tax[171] - The Group's current tax for Hong Kong Profits Tax was calculated at a two-tiered rate, with the first HK$2 million taxed at 8.25% and profits above that taxed at 16.5%[170] Employee Information - As of June 30, 2022, the Group had a total of 199 employees, with total staff costs approximately HK$19,275,000, an increase of 9.7% from approximately HK$17,574,000 for the same period last year[59] - The total remuneration of employees includes basic salaries and cash bonuses, reflecting the Group's performance and qualifications[59]

Financial Performance - Revenue for the year ended December 31, 2021, was HK$488,964,000, representing a significant increase of 33.7% compared to HK$365,715,000 in 2020[6] - Gross profit for 2021 was HK$81,733,000, with a gross profit margin of 16.7%, compared to HK$62,353,000 and a margin of 17.0% in 2020[6] - Operating profit for 2021 was HK$27,578,000, up from HK$20,581,000 in 2020, indicating a positive trend in operational efficiency[6] - Net profit attributable to equity holders for 2021 was HK$22,783,000, a decrease from HK$26,225,000 in 2020, reflecting challenges in net profitability despite revenue growth[6] - The Group achieved a gross profit of approximately HK$81,733,000, which is an increase of 31.1% from HK$62,353,000 in the previous year, while the gross profit margin decreased from 17.0% to 16.7%[25] - Profit for the year was approximately HK$22,783,000, a decrease from HK$26,225,000 in 2020[25] Asset and Liability Management - Current assets increased to HK$221,498,000 in 2021 from HK$173,596,000 in 2020, while current liabilities decreased to HK$198,026,000 from HK$203,529,000[10] - Total assets reached HK$396,514,000 in 2021, up from HK$347,940,000 in 2020, indicating strong asset growth[10] - The gearing ratio increased to 36.7% in 2021 from 34.4% in 2020, suggesting a higher level of financial leverage[10] - The Group's bank balances and cash as of December 31, 2021, were approximately HK$123,821,000, up from approximately HK$102,641,000 in 2020[47] - The Group's total borrowings included a mortgage loan of approximately HK$21,417,000 and a term loan of approximately HK$27,516,000, both repayable in over five years[51] - The Group's equity-to-debt ratio was 36.7% as of December 31, 2021, compared to 34.4% in 2020[51] Operational Strategy - The company is focusing on expanding its service offerings, including feeder shipping and sea freight forwarding services, to enhance revenue streams[8] - Future outlook includes continued investment in new technologies and market expansion strategies to drive growth[6] - The company plans to explore potential mergers and acquisitions to strengthen its market position and operational capabilities[6] - The Group is actively seeking opportunities in new ports and customers in southern China to expand its customer base and diversify operating risks[19] - The Group plans to increase vessel fleet capacity to meet the rising demand for feeder shipping services[19] - The Group aims to expand its shipping network by exploring new routes in southern China to diversify its customer base and operating risks[37] Environmental, Social, and Governance (ESG) Initiatives - The Group has engaged stakeholders to identify and prioritize material ESG issues, including emissions, resource use, and climate change[80] - The Group complied with all relevant environmental laws and regulations during the reporting year, particularly in the PRC[85] - The Group has implemented measures to minimize air emissions, primarily from gas oil consumption by vessel fleets[92] - Fuel-saving measures are in place, including optimizing routing and maximizing vessel utilization[94] - The Group's environmental performance is monitored through a data monitoring system that tracks key performance indicators (KPIs)[85] - The Group is committed to creating green offices and has actively implemented electricity savings and recycling initiatives[86] Employee Management and Development - The Group had a total of 198 employees as of December 31, 2021[128] - Employee turnover rate is 19.44% for females and 11.11% for males[132] - Total training hours for employees amounted to 198 hours, with 100% of senior, middle level, supervisory, and general employees receiving training[144] - The Group has a zero-tolerance policy towards child and forced labor within its supply chain[149] - The Group has implemented health and safety measures, including regular fire drills and mandatory mask-wearing due to COVID-19[140] Community Engagement and Corporate Responsibility - The Group donated a total of HK$232,000 to support cultural and social services during the year ended December 31, 2021[171] - The Group actively engages with non-governmental organizations to understand community needs and promote positive messages through corporate responsibility activities[170] - Community investment initiatives have focused on education and health, with resources amounting to $2 million contributed to local projects[188] Future Outlook and Growth Projections - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% to $187.5 million[188] - New product launches are expected to contribute an additional $30 million in revenue, with a focus on expanding the product line in the next quarter[188] - The company is considering strategic acquisitions to enhance its service offerings, with a budget of $10 million allocated for potential deals[188]

Financial Performance - The Group recorded a revenue of approximately HK$189,565,000 for the six months ended June 30, 2021, representing an increase of 12.3% compared to HK$168,779,000 for the same period in 2020[13]. - Gross profit for the period was approximately HK$25,515,000, a decrease of 14.6% from HK$29,865,000 in the previous year, with a gross profit margin declining from 17.7% to 13.5%[13]. - Profit for the period attributable to equity holders of the Company was approximately HK$1,942,000, reflecting a significant decrease of 86.8% from HK$14,693,000 in the prior year[13]. - Earnings per share for the period were HK$0.14, down from HK$1.05 in the previous year[6]. - The Group's net profit margin decreased to 1.0% from 8.7% in the prior year[6]. - Total comprehensive income for the period was HK$2,853,000, down from HK$13,955,000 in the previous year[99]. - The company reported a net cash used in operating activities of HK$15,280,000 for the six months ended June 30, 2021, compared to a net cash generated of HK$2,721,000 in the same period of 2020[106]. - The company incurred finance costs of HK$28,663,000 for the period, compared to HK$27,500,000 in the previous year[96]. Assets and Liabilities - Current assets as of June 30, 2021, were HK$167,949,000, down from HK$173,596,000 as of December 31, 2020[9]. - Current liabilities decreased to HK$191,697,000 from HK$203,529,000 as of December 31, 2020[9]. - The Group's net current liabilities improved to HK$23,748,000 from HK$29,933,000 at the end of 2020[9]. - Total assets as of June 30, 2021, were HK$338,312,000, compared to HK$347,940,000 as of December 31, 2020[9]. - The gearing ratio improved to 31.1% from 34.4% as of December 31, 2020[9]. - As of June 30, 2021, the Group held bank balances and cash of approximately HK$83.2 million, down from approximately HK$102.6 million as of December 31, 2020[43][44]. - The Group's mortgage loan as of June 30, 2021, was approximately HK$22.0 million, with an effective interest rate range of 1.3% to 2.3%[43][44]. - The Group's total equity increased to HK$145,274,000 as of June 30, 2021, from HK$142,421,000 at the end of 2020[101]. Operational Highlights - For the six months ended June 30, 2021, the Group's total shipment volume for feeder shipping services increased by 1,175 TEUs or 0.6%, from 186,344 TEUs to 187,519 TEUs, while gross profit decreased by approximately HK$5,614,000 or 21.0%, from approximately HK$26,757,000 to approximately HK$21,143,000[17]. - The Group's sea freight forwarding agency services recorded an increase in shipment volume of 112 TEUs or 2.4%, from 4,618 TEUs to 4,730 TEUs, and an increase in gross profit of approximately HK$1,264,000 or 40.7%, from approximately HK$3,108,000 to approximately HK$4,372,000[19]. - The Group's operational costs totaled approximately HK$164,050,000, representing an increase of approximately HK$25,136,000 or 18.1% compared to the corresponding period of last year[21]. - The Group plans to extend its shipping routes and explore new ports in southern China to broaden its customer base and diversify operating risks[32]. Financing Activities - The Group completed a share placement and subscription on July 30 and August 6, 2021, raising approximately HK$20.5 million for potential vessel acquisitions, repayment of existing borrowings, and general working capital[37][38]. - The Company raised approximately HK$20.5 million from a placing and subscription agreement for 100,000,000 ordinary shares at a price of HK$0.231 per share, representing an 11.2% discount to the closing price of HK$0.26 on the agreement date[65][66]. - The net proceeds will be allocated as follows: 60% for potential acquisition of additional vessels, 30% for repayment of existing borrowings, and 10% for general working capital[71][75]. - As of the report date, HK$6.1 million has been utilized to repay existing borrowings, leaving approximately HK$14.4 million in net proceeds deposited with a licensed financial institution[71][75]. Corporate Governance - The Company has not granted, exercised, or cancelled any options under its Share Option Scheme since its adoption on June 10, 2016[64][68]. - The interests of Directors and Chief Executives in the Company include Mr. Lau Yu Leung and Madam Tong Hung Sum, each holding 945,000,000 shares, representing 67.5% of the Company[79]. - The Company aims to strengthen its financial position through the repayment of existing borrowings, which is part of the strategy following the capital raise[66][70]. - The Company did not declare an interim dividend for the six months ended June 30, 2021, compared to no dividend declared in the same period of 2020[94]. Compliance and Accounting - The Group has not early adopted any new/revised HKFRSs that are effective from January 1, 2021, indicating a conservative approach to accounting changes[118]. - The interim financial statements were prepared in accordance with HKAS 34, reflecting the Group's commitment to transparency and compliance with accounting standards[111]. - The financial statements are presented in Hong Kong dollars (HK$), ensuring consistency with the Group's functional currency[114].

Financial Performance - Revenue for the year ended December 31, 2020, was HK$365,715,000, representing a 8.3% increase from HK$336,704,000 in 2019[8] - Gross profit for 2020 was HK$62,353,000, with a gross profit margin of 17.0%, compared to 14.2% in 2019[8] - Operating profit for 2020 was HK$20,581,000, up from HK$3,871,000 in 2019, indicating a significant improvement in operational efficiency[8] - Net profit attributable to equity holders of the Company for 2020 was HK$26,225,000, a substantial increase from HK$1,602,000 in 2019[8] - Earnings per share for 2020 was HK$1.87, compared to HK$0.11 in 2019, reflecting strong profitability growth[8] - For the year ended 31 December 2020, the Group recorded a revenue of approximately HK$365,715,000, representing an increase of 8.6% compared to HK$336,704,000 for the year ended 31 December 2019[29] - The Group achieved a gross profit of approximately HK$62,353,000, an increase of 30.4% from approximately HK$47,809,000 in the previous year, with a gross profit margin rising from 14.2% to 17.0%[29] - The Group's profit for the year was approximately HK$26,225,000, significantly up from approximately HK$1,602,000 in the prior year[29] Assets and Liabilities - Current assets as of December 31, 2020, were HK$173,596,000, while current liabilities were HK$203,529,000, resulting in net current liabilities of HK$29,933,000[13] - Total assets increased to HK$347,940,000 in 2020, with a gearing ratio of 34.4%[13] - The Group's net current liabilities were approximately HK$29,933,000 as of December 31, 2020, but it believes its cash holdings and future revenue will suffice for working capital needs[56] - The Group had a gearing ratio of 34.4% as of December 31, 2020, compared to 35.9% as of December 31, 2019[55] - The Group's bank balances and cash as of December 31, 2020, were approximately HK$102,641,000, up from approximately HK$74,087,000 as of December 31, 2019[55] Market and Growth Strategies - The Company plans to expand its market presence and enhance service offerings in the feeder shipping and freight forwarding sectors[10] - New product development initiatives are underway to improve service efficiency and customer satisfaction[10] - The Company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service portfolio[10] - The Group is actively seeking opportunities in new ports and customers in southern China to expand its customer base and diversify operating risks[22] - The Group considers recent property market conditions in Hong Kong as an opportunity for property acquisition to enhance profitability and asset base[22] - The Group plans to explore future prospects in property investments, considering the recent retreating property market in Hong Kong as an opportunity for acquisition[47] - The Group aims to extend its shipping routes to new ports in southern China to broaden its customer base and diversify operating risks[45] Operational Efficiency - Revenue from feeder shipping services, carrier owned container services, and barge services increased by approximately HK$33,140,000 or 11.1%, from approximately HK$297,361,000 to approximately HK$330,501,000[32] - The average unit price of bunker charges decreased by approximately 35%, contributing to an increase in gross profit by approximately HK$15,405,000 or 37.1%[33] - The sea freight forwarding agency services recorded a revenue decrease of approximately HK$4,129,000 or 10.5%, from approximately HK$39,343,000 to approximately HK$35,214,000[36] - The Group's operational costs totaled approximately HK$303,362,000, representing an increase of approximately HK$14,467,000 or 5.0% compared to the same period last year[39] Sustainability and Environmental Impact - The Group is committed to long-term sustainability and has complied with all relevant environmental laws and regulations during the reporting year[87] - The Group implemented electricity savings, emission reduction, and recycling initiatives, aiming to create green offices[91] - Air emissions are primarily from gas oil consumption by the vessel fleet, and the Group has taken measures to control emissions[94] - The Group conducts regular maintenance and cleaning of vessels to improve engine performance and reduce air emissions[96] - The Group aims to maximize vessel utilization and minimize fuel consumption through effective routing and management[95] - The Group is committed to minimizing the adverse environmental impact of its operations through various energy-efficient measures[103] - The Group's vessels are maintained according to compliance schedules to reduce emissions and improve performance[104] Employee and Workplace Policies - As of December 31, 2020, the Group employed a total of 193 staff, with 154 in Mainland China and 39 in Hong Kong[129] - The employee turnover rate was 13.77% for females and 7.27% for males, with a significant turnover rate of 40.90% for employees under 30[132] - The Group reported zero work-related fatalities and lost days due to work injury during the year ended December 31, 2020[137] - The Group's remuneration and benefits include allowances, holidays, pensions, and a discretionary bonus scheme for outstanding performance[126] - The Group aims to create a workplace free from discrimination and harassment, providing equal opportunities for all employees[125] - The total training hours of employees for the year ended December 31, 2020, were 40 hours, with an average of 4 hours completed per senior employee[144] Compliance and Governance - The Group has developed its own corporate governance code to ensure transparency, accountability, and independence[86] - The Group prohibits the use of child labour and forced labour across all units and suppliers, with no reported non-compliance during the year ended December 31, 2020[150] - The Group has implemented a zero-tolerance approach to bribery and corruption, adhering to relevant laws and regulations in both Hong Kong and the People's Republic of China[160] - The Group's human resources policies comply with employment regulations in the jurisdictions where it operates, including various ordinances in Hong Kong and labor laws in the PRC[150] - The Group has established a whistle-blowing policy to encourage reporting of suspected business irregularities, ensuring confidentiality and anonymity[162] Community Engagement - The Group encourages employee participation in community welfare and voluntary work, aiming to create lasting benefits for communities[170] - The Group supports initiatives that assess and manage the social impact of operations, contributing to sustainable community development[169] - The Group actively communicates with non-governmental organizations to understand community needs and promote positive messages[170] - The Group's community investment initiatives focus on environmental protection and conservation efforts[173] Future Outlook - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[200] - User data showed a growth of 25% in active users, totaling 5 million by the end of the quarter[200] - The company provided guidance for Q4 2023, expecting revenue between $1.3 billion and $1.5 billion, representing a growth of 10% to 25%[200] - New product launches contributed to a 30% increase in sales, with the latest product line accounting for $300 million in revenue[200] - The company invested $50 million in R&D for new technologies aimed at enhancing user experience[200] - Market expansion efforts led to a 20% increase in market share in the Asia-Pacific region[200] - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $200 million allocated for this purpose[200] - Strategic partnerships established in Q3 are expected to generate an additional $100 million in revenue over the next year[200] - Overall, the company remains optimistic about future growth, citing strong demand and innovative product offerings[200]

Financial Performance - The Group reported a revenue of approximately HK$168,779,000 for the six months ended 30 June 2020, representing an increase of 5.2% compared to HK$160,446,000 in the same period last year[17]. - Gross profit for the period was approximately HK$29,865,000, an increase of 18.3% from HK$25,235,000 in the previous year, with a gross profit margin rising from 15.7% to 17.7%[17]. - Profit attributable to equity holders of the Company surged to approximately HK$14,693,000, marking a 299.3% increase from HK$3,680,000 in the prior year[17]. - Revenue for the six months ended June 30, 2020, was HK$168,779,000, an increase of 5.8% from HK$160,446,000 in the same period of 2019[72]. - Gross profit for the same period was HK$29,865,000, representing a gross margin of 17.7%, compared to HK$25,235,000 in 2019[72]. - Profit for the period was HK$14,693,000, significantly higher than HK$3,680,000 in the same period of 2019, marking a 298% increase[72]. - The Group's profit before tax for the six months ended 30 June 2020 was HK$7,217,000, compared to HK$4,590,000 for the same period in 2019, representing an increase of approximately 57.0%[110]. - Total comprehensive income for the period was HK$13,955,000, compared to HK$3,738,000 in the same period of 2019[75]. Operational Metrics - Total shipment volume for feeder shipping services, carrier owned container services, and barge services increased by 11.9%, from 166,596 TEUs to 186,344 TEUs[19]. - Gross profit from feeder shipping services and related services increased by approximately HK$3,721,000 or 16.2%, from HK$23,036,000 to HK$26,757,000[19]. - Sea freight forwarding agency services experienced a decrease in shipment volume of 9.8%, from 5,118 TEUs to 4,618 TEUs, but gross profit increased by 41.3%, from HK$2,199,000 to HK$3,108,000[20]. - The gross profit margin for sea freight forwarding agency services improved from 13.4% to 17.9%[21]. Assets and Liabilities - Current assets as of 30 June 2020 were HK$143,194,000, compared to HK$138,305,000 as of 31 December 2019[14]. - The Group's net current assets increased to HK$28,846,000 from HK$11,130,000 at the end of 2019[14]. - The gearing ratio increased to 37.6% from 35.9%[14]. - The Group's total borrowings amounted to approximately HK$45,516,000 as of June 30, 2020, compared to approximately HK$38,548,000 as of December 31, 2019, resulting in a debt-to-equity ratio of 37.6%[42]. - Cash and cash equivalents at the end of the reporting period were HK$79,567,000, up from HK$61,277,000 in the previous year, marking an increase of approximately 29.9%[87]. - Trade receivables from third parties amounted to HK$48,875,000 as of June 30, 2020, down from HK$53,231,000 at December 31, 2019[178]. - Trade payables to third parties were HK$45,544,000 as of June 30, 2020, compared to HK$55,040,000 at December 31, 2019[195]. Staff and Management - The Group's total staff costs for the six months ended June 30, 2020, were approximately HK$17,268,000, slightly down from approximately HK$17,290,000 in the same period last year[50]. - As of June 30, 2020, the Group had 193 employees, an increase from 191 employees as of December 31, 2019[50]. - The remuneration policy of the Group is regularly reviewed based on legal frameworks, market conditions, and individual performance[58]. Future Plans and Strategy - The Group plans to extend routes and explore new ports in southern China to diversify its customer base and operating risks[33][36]. - The company continues to focus on enhancing its sea freight transportation and freight forwarding services in Hong Kong and the PRC, aiming for market expansion[90]. Shareholder Information - As of June 30, 2020, Mr. Lau Yu Leung and Madam Tong Hung Sum each hold 945,000,000 shares, representing a 67.50% interest in the Company[63]. - Mr. Lau Tak Fung Wallace and Mr. Lau Tak Kee Henry each hold 52,500,000 shares, representing a 3.75% interest in the Company[63]. - Ever Winning Investment holds a beneficial ownership of 63.75% in the company, with 892,500,000 shares[69]. - The company did not declare an interim dividend for the six months ended June 30, 2020, compared to no dividend declared in the same period of 2019[69]. Other Financial Information - The Group's other income decreased by 31.6% to approximately HK$5,526,000 from HK$8,079,000 in the prior year, mainly due to a reduction in gains on financial assets[27][29]. - Administrative and other operating expenses were HK$27,500,000, slightly reduced from HK$28,097,000 in 2019[72]. - The Group recorded a bank interest income of HK$52,000 and a net exchange gain of HK$363,000 for the six months ended June 30, 2020[133]. - The Group's financing costs, including interest on borrowings and lease liabilities, totaled HK$674,000 for the six months ended June 30, 2020, compared to HK$627,000 in the previous year[133].

Financial Performance - Revenue for the year ended December 31, 2019, was HK$336,704,000, representing a slight decrease from HK$336,962,000 in 2018[8] - Gross profit margin for 2019 was 14.2%, an increase from 14.0% in 2018[8] - Operating profit for 2019 was HK$3,871,000, compared to an operating loss of HK$4,088,000 in 2018[8] - Profit attributable to equity holders of the company for 2019 was HK$1,602,000, a recovery from a loss of HK$5,230,000 in 2018[8] - Earnings per share for 2019 was 0.11 HK cents, compared to a loss per share of 0.37 HK cents in 2018[8] - The Group achieved a profit of approximately HK$1,602,000 for the year, compared to a loss of approximately HK$5,230,000 in the previous year[17] Assets and Liabilities - Current assets as of December 31, 2019, were HK$138,305,000, with current liabilities of HK$127,175,000, resulting in net current assets of HK$11,130,000[13] - Total assets at the end of 2019 were HK$242,606,000, with a gearing ratio of 35.9%[13] - The Group's bank balances and cash as of December 31, 2019, were approximately HK$74,087,000, compared to approximately HK$73,035,000 as of December 31, 2018[47] - The Group's gearing ratio as of December 31, 2019, was 35.9%, up from 29.7% as of December 31, 2018[47] Operational Performance - Container throughput at Hong Kong port decreased by 6.6% year-on-year, impacting the Group's operations[28] - Revenue from feeder shipping services, carrier owned container services, and barge services decreased by approximately HK$11,267,000 or 3.7%[29] - The gross profit margin for the aforementioned services ranged from 9.7% to 16.8%, down from 10.6% to 20.2% in the previous year[29] - Sea freight forwarding agency services saw an increase in revenue of approximately HK$11,009,000 or 38.9%, rising from approximately HK$28,334,000 to approximately HK$39,343,000[33] - The Group's operational costs totaled approximately HK$288,895,000, representing an increase of approximately HK$5,730,000 or 2.0% compared to the same period last year[36] Strategic Initiatives - The company plans to expand its market presence and enhance service offerings in the upcoming year[8] - New product development initiatives are underway to improve service efficiency and customer satisfaction[8] - The company is exploring potential mergers and acquisitions to strengthen its market position[8] - The Group is actively seeking opportunities in new ports and customers in southern China to expand its customer base and diversify operating risks[21] - The Group plans to closely monitor ship usage and implement measures to improve cost-effectiveness[21] Environmental Performance - The Group is committed to improving its Environmental, Social, and Governance (ESG) performance and has engaged stakeholders to understand the impacts of its operations[66] - Total NOx emissions amounted to 732.63 tonnes, SOx emissions were 431.44 tonnes, and PM emissions totaled 59.26 tonnes[87] - Total Scope 1 GHG emissions were 28,502.37 tCO2e, Scope 2 emissions were 123.88 tCO2e, and Scope 3 emissions were 15.00 tCO2e, leading to total GHG emissions of 28,641.25 tCO2e[96] - The Group is committed to reducing emissions from vessels by implementing fuel-saving measures and conducting regular maintenance[90] - The Group has established green office initiatives focusing on energy conservation and emission reduction[89] Employee and Social Responsibility - The Group employed a total of 191 staff as of December 31, 2019, reflecting its workforce size[115] - The Group has implemented a whistle-blowing policy to report fraud and corruption, providing clear channels for anonymous reporting[145] - The Group encourages employee participation in community welfare and voluntary work, promoting positive social impacts alongside its growth[148][149] - The Group prohibits the use of child and forced labor across all units and suppliers[131] - The Group emphasizes sustainable practices in supply chain management, ensuring suppliers align with its environmental vision[135] Corporate Governance - The company has a diverse board with members experienced in various sectors, including finance, property, and logistics, enhancing its strategic decision-making capabilities[184][192] - The company emphasizes corporate governance with independent directors serving on key committees such as audit and remuneration[184][192] - The management team is involved in both strategic planning and operational execution, ensuring alignment with corporate goals[174][176] - The board composition reflects a commitment to governance and oversight, with members holding significant experience in their respective fields[184][192]