Revenue and Profitability - Revenue for the six months ended 30 June 2024 decreased to HK$178.749 million from HK$198.551 million in the same period in 2023[4] - Revenue for the six months ended 30 June 2024 decreased by 10.0% to HK$178,749,000 compared to HK$198,551,000 in the same period last year[8][9] - Revenue from feeder shipping services accounted for 73.2% of total revenue, while carrier-owned container services contributed 17.4%[5] - Revenue from the Group's feeder vessel services decreased by approximately HK$23,982,000 or 15.5% compared to the same period last year[19] - Revenue from the Group's carrier-owned container services decreased by approximately HK$3,594,000 or 17.9% compared to the same period last year[19] - Revenue for the six months ended 30 June 2024 was HK$178.749 million, a decrease from HK$198.551 million in the same period in 2023[57] - Revenue from rendering feeder shipping services decreased to HK$130,852 thousand in 2024 from HK$154,834 thousand in 2023[93] - Revenue from sea freight forwarding agency services increased to HK$31,082 thousand in 2024 from HK$23,357 thousand in 2023[93] - Total revenue for the six months ended 30 June 2024 was HK$178,749 thousand, compared to HK$198,551 thousand in the same period in 2023[93] - Revenue from external customers for the six months ended 30 June 2024 was HK$178,749,000, with Guangdong routes contributing HK$31,082,000, Fujian routes HK$30,718,000, Guangxi routes HK$51,759,000, and Hainan routes HK$21,764,000[77] Gross Profit and Margins - Gross profit for the period was HK$32.691 million, down from HK$39.367 million in 2023, with a gross profit margin of 18.3% compared to 19.8% in 2023[4] - Gross profit decreased by 17.0% to HK$32,691,000, with gross profit margin declining from 19.8% to 18.3%[8][9] - Gross profit for the six months ended 30 June 2024 was HK$32.691 million, down from HK$39.367 million in 2023[57] - Segment results showed a gross profit of HK$32,691,000, with Guangdong routes contributing HK$4,714,000, Fujian routes HK$6,548,000, Guangxi routes HK$8,096,000, and Hainan routes HK$6,707,000[78] Net Profit and Loss - The company reported a loss attributable to equity holders of HK$9.225 million, compared to a profit of HK$6.419 million in 2023[4] - The Group recorded a loss of HK$9,225,000, compared to a profit of HK$6,419,000 in the same period last year[8][9] - The company reported a net loss of HK$9.225 million for the six months ended 30 June 2024, compared to a net profit of HK$6.419 million in 2023[57] - The Group recorded a loss attributable to equity holders of approximately HK$9,225,000 for the six months ended 30 June 2024, compared to a profit of HK$6,419,000 in the same period last year[19] - The Group reported a loss attributable to equity holders of HK$9,225,000 for the six months ended 30 June 2024, compared to a profit of HK$6,419,000 in the prior period[104] - Loss for the period was HK$9,225 thousand[61] - The Group reported a pre-tax loss of HK$1,305,000 in 2024, compared to a pre-tax profit of HK$7,662,000 in 2023[171] Earnings Per Share - Basic and diluted loss per share was HK$0.06, compared to earnings per share of HK$0.41 in 2023[4] - Basic and diluted loss per share for the six months ended 30 June 2024 was HK$0.6, compared to earnings per share of HK$0.41 in 2023[57] - The Group's basic loss per share was HK$0.006 for the six months ended 30 June 2024, compared to earnings per share of HK$0.004 in the prior period[110] Segment Performance - The Fujian routes segment contributed 17.2% to total revenue, while Guangdong routes accounted for 28.9%[5] - Feeder shipping services saw a 2.1% increase in shipment volume to 174,891 TEUs, but gross profit decreased by 21.4% to HK$27,977,000[10][12] - Sea freight forwarding agency services recorded a 7.4% increase in shipment volume to 4,253 TEUs and a 24.9% increase in gross profit to HK$4,714,000[11][12] - Segment results for the six months ended 30 June 2023 were HK$39,367 thousand, with the highest contribution from Guangdong routes at HK$14,143 thousand[86] Operational Costs and Expenses - Operational costs decreased by 8.2% to HK$146,058,000, primarily due to lower bunker charges and feeder vessel rental fees[13][14] - Administrative and other operating expenses increased by 11.1% to HK$39,477,000 due to tax audit penalties[15][16] - Administrative and other operating expenses increased to HK$39.477 million in 2024 from HK$35.527 million in 2023[57] - The total cost of services for the period was HK$146,058,000, with Guangdong routes incurring HK$26,368,000, Fujian routes HK$24,170,000, Guangxi routes HK$43,663,000, and Hainan routes HK$15,057,000[77] - Unallocated income and expenses included other income, net of HK$6,750,000, administrative and other operating expenses of HK$39,477,000, and finance costs of HK$1,269,000[79] - The Group's depreciation expense increased to HK$6,021,000 in 2024 from HK$5,940,000 in 2023[171] Tax and Penalties - Tax expenses increased by approximately HK$6,677,000 and tax penalties increased by approximately HK$4,887,000 compared to the same period last year[19] - Income tax expenses rose significantly to HK$7.920 million in 2024 from HK$1.243 million in 2023[57] - The Group recorded a current period Hong Kong Profits Tax of HK$668,000 for the six months ended 30 June 2024, compared to HK$1,243,000 in the prior period[104] - The Group's Hong Kong subsidiaries are subject to a two-tiered profits tax regime, with the first HK$2 million of assessable profits taxed at 8.25% and profits above HK$2 million taxed at 16.5%[103] - The Group's entities in China are subject to a 25% statutory Enterprise Income Tax rate, but no tax was provided for the six months ended 30 June 2024 as there were no assessable profits[103] Assets and Liabilities - Current assets decreased to HK$179.506 million from HK$189.322 million at the end of 2023[5] - Net current assets stood at HK$46.495 million, down from HK$50.677 million at the end of 2023[5] - The gearing ratio improved to 22.2% from 23.8% at the end of 2023[5] - As of 30 June 2024, the Group held bank balances and cash equivalent to approximately HK$104,016,000, a decrease from HK$106,505,000 as of 31 December 2023[21] - The Group's gearing ratio as of 30 June 2024 was 22.2%, a decrease from 23.8% as of 31 December 2023[21] - Total assets decreased from HK$215,394 thousand to HK$205,206 thousand compared to the previous period[59] - Net current assets decreased from HK$50,677 thousand to HK$46,495 thousand[59] - Total equity decreased from HK$214,359 thousand to HK$204,636 thousand[59] - Accumulated profits decreased from HK$77,680 thousand to HK$68,455 thousand[62] - Specified non-current assets in Hong Kong decreased to HK$123,308 thousand in 2024 from HK$126,615 thousand in 2023[89] Cash Flow - Net cash from operating activities improved to HK$2,353 thousand from a negative HK$18,370 thousand in the previous period[69] - Net cash from investing activities increased to HK$914 thousand from HK$388 thousand[69] - Net cash used in financing activities was HK$5,641 thousand compared to HK$129 thousand in the previous period[69] - Cash and cash equivalents decreased by HK$2,374 thousand to HK$104,016 thousand[69] - Cash generated from operations improved significantly to HK$3,879,000 in 2024 from a negative HK$13,795,000 in 2023[171] Borrowings and Financial Liabilities - The Group had a mortgage loan of approximately HK$18,660,000 and a term loan of approximately HK$25,223,000 as of 30 June 2024, both repayable over five years[21] - The effective interest rates on the Group's borrowings ranged from 1.6% to 6.9% as of 30 June 2024[21] - Secured bank borrowings as of 30 June 2024 amounted to HK$48,909,000, with HK$2,080,000 bearing interest at HIBOR plus 1.7% per annum, repayable within one year[162] - A mortgage loan of approximately HK$18,660,000 as of 30 June 2024 bears interest at the lower of HIBOR plus 1.25% or Hong Kong Dollar Prime Rate minus 2.7%, repayable over five years[163] - A term loan of approximately HK$25,223,000 as of 30 June 2024 bears interest at 1-month HIBOR plus 1.75%, repayable over five years[163] - The effective interest rates on interest-bearing borrowings ranged from 1.6% to 6.9% as of 30 June 2024[163] - Total lease liabilities as of 30 June 2024 were HK$1,563,000, with current liabilities at HK$993,000 and non-current liabilities at HK$570,000[166] - Total cash outflow for leases for the six months ended 30 June 2024 was approximately HK$20,052,000[166] - Unpaid lease payments not reflected in lease liabilities as of 30 June 2024 were approximately HK$8,019,000[167] Property, Plant, and Equipment - The Group's property, plant and equipment had a total net carrying amount of HK$102,766,000 as of 30 June 2024[122] - The carrying amount of leasehold land and buildings decreased from HK$64,475,000 as of January 1, 2024, to HK$63,068,000 as of June 30, 2024[132] - The net book value of leasehold land and buildings was approximately HK$62,394,000 as of June 30, 2024, compared to HK$63,749,000 as of December 31, 2023[132] - The remaining lease terms for the Group's leasehold land and buildings ranged between 19.5 to 41.5 years as of June 30, 2024[132] - The fair value of investment properties remained constant at HK$56,800,000 as of both January 1, 2024, and June 30, 2024[134][135] - The carrying amount of investment properties decreased from HK$56,799,000 as of January 1, 2024, to HK$55,504,000 as of June 30, 2024[134] - Investment properties with a total carrying amount of approximately HK$55,504,000 as of June 30, 2024, were pledged to secure banking facilities[139] Trade Receivables and Payables - Trade receivables from third parties decreased to HK$62,801,000 as of 30 June 2024 from HK$66,372,000 at 31 December 2023, with a loss allowance of HK$2,734,000 remaining unchanged[146][150] - The aging analysis of trade receivables shows that 33,712,000 (53.7%) were within 30 days, 16,744,000 (26.7%) were 31-60 days, 6,684,000 (10.6%) were 61-90 days, and 5,661,000 (9.0%) were over 90 days as of 30 June 2024[156] - Trade payables to third parties increased to HK$57,279,000 as of 30 June 2024 from HK$55,717,000 at 31 December 2023, with 38,291,000 (66.9%) within 30 days, 10,101,000 (17.6%) 31-60 days, 6,307,000 (11.0%) 61-90 days, and 2,580,000 (4.5%) over 90 days[160][161] - Trade and other receivables decreased to HK$3,938,000 in 2024 from HK$20,915,000 in 2023, while trade and other payables reduced to HK$4,984,000 from HK$49,663,000[171] Share Capital and Ownership - Authorized share capital as of 30 June 2024 was 10,000,000,000 ordinary shares of HK$0.01 each, totaling HK$100,000,000[168] - Issued and fully paid share capital as of 30 June 2024 was 1,550,000,000 ordinary shares of HK$0.01 each, totaling HK$15,500,000[168] - Mr. Lau Yu Leung holds a 69.18% interest in the company through controlled corporations[36] - Madam Tong Hung Sum also holds a 69.18% interest in the company through controlled corporations[36] - Mr. Lau Tak Fung Wallace holds a 0.60% interest in the company[36] - Mr. Lau Tak Kee Henry holds a 3.39% interest in the company[36] - Ever Winning Investment holds 1,019,831,999 shares, representing 65.80% of the company's total shares[47] Employee and Management Compensation - Total number of employees as of 30 June 2024 was 174, compared to 182 as of 31 December 2023[30] - Total staff costs for the six months ended 30 June 2024 were approximately HK$20,802,000, compared to HK$20,969,000 for the same period last year[30] - The Group's remuneration policy compensates employees based on performance, qualifications, and operating results, including basic salaries and cash bonuses[30] - Directors and senior management receive compensation in the form of fees, salaries, allowances, discretionary bonuses, and other benefits, with reference to market levels and company performance[31] - Key management personnel remuneration increased to HK$6,481,000 in 2024 from HK$5,641,000 in 2023, with salaries and allowances rising to HK$5,884,000 from HK$5,044,000[169] Other Income and Expenses - Other income increased by 29.3% to HK$6,750,000, driven by higher government grants and bank interest income[14][16] - Other income, net, increased to HK$6.750 million in 2024 from HK$5.222 million in 2023[57] - Other income, net increased to HK$6,750 thousand in 2024 from HK$5,222 thousand in 2023, driven by higher government grants of HK$4,451 thousand[96] - Finance costs decreased to HK$1,269 thousand in 2024 from HK$1,400 thousand in 2023, primarily due to lower interest on interest-bearing borrowings[97] Financial Assets and Investments - The fair value of equity investments listed in Hong Kong decreased from HK$6,158,000 as of December 31, 2023, to HK$5,861,000 as of June 30, 2024[142] - Financial assets at fair value through profit or loss decreased to HK$5,861,000 as of 30 June 2024 from HK$6,158,000 at the beginning of the reporting period, with a net fair value change of HK$(297,000) recognized in profit or loss[143] - The fair value of financial assets at FVPL (Level 1) was HK$5,861,000 as of 30 June 2024, slightly lower than HK$6,158,000 as of 31 December 2023[175] Dividends and Shareholder Returns - The Board resolved not to declare an interim dividend for the six months ended 30 June 2024[53] - The Board resolved not to declare an interim dividend for the six months ended 30 June 2024 and 2023[106] Accounting Standards and Reporting - The interim financial statements were prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" (HKAS 34) and the applicable disclosure provisions of the Rules Governing the Listing of Securities on the Stock Exchange[70] - The company adopted revised HKFRSs, including amendments to HKAS 1 regarding the classification of liabilities as current or non-current and non-current liabilities with covenants, effective from the current period[73] - The Interim Financial Statements were approved by the board of directors on 29 August 2024[177][178] Miscellaneous - The Group utilized HK$750,000 of bank guarantee facilities as of 30 June 2024, unchanged from 31 December 2023, secured by pledged bank deposits[157] - No significant transactions with connected

Revenue Performance - Revenue for the six months ended June 30, 2024, was HKD 4,178,749,000, a significant increase from HKD 198,551,000 in the same period of 2023[3] - For the six months ended June 30, 2024, revenue from external customers was HKD 178,749,000, a decrease from HKD 198,551,000 for the same period in 2023, representing a decline of approximately 9.1%[25] - The group reported revenue of approximately HKD 178,749,000 for the six months ended June 30, 2024, a decrease of 10.0% compared to HKD 198,551,000 for the same period in 2023[38] Profitability - Gross profit for the same period was HKD 32,691,000, down from HKD 39,367,000 year-on-year[5] - The gross profit for the six months ended June 30, 2024, was HKD 32,691,000, compared to HKD 39,367,000 for the same period in 2023, indicating a decrease of about 17.0%[22] - The company reported a loss before tax of HKD 1,305,000 for the six months ended June 30, 2024, compared to a profit of HKD 6,419,000 for the same period in 2023, reflecting a significant decline in performance[23] - The group reported a loss attributable to equity holders of approximately HKD 9,225,000, compared to a profit of approximately HKD 6,419,000 in the same period last year, primarily due to a significant decrease in revenue from shipping services[42] Expenses - Administrative and other operating expenses rose to HKD 39,477,000 from HKD 35,527,000 in the previous year[6] - The total administrative and other operating expenses for the six months ended June 30, 2024, were HKD 39,477,000, compared to HKD 35,527,000 for the same period in 2023, an increase of approximately 11.0%[23] - Employee costs, including directors' remuneration, totaled HKD 20,802,000, slightly down from HKD 20,969,000, a decrease of 0.8%[27] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 205,206,000, down from HKD 215,394,000 at the end of 2023[16] - Current liabilities amounted to HKD 133,011,000, a decrease from HKD 138,645,000 at the end of the previous year[16] - Trade receivables from third parties amounted to HKD 65,535,000, down from HKD 69,106,000, a decrease of 5.0%[32] - Trade payables to third parties amounted to HKD 57,279,000 as of June 30, 2024, compared to HKD 55,717,000 as of December 31, 2023[34] - Other payables, including accrued expenses, were HKD 16,083,000 as of June 30, 2024, down from HKD 22,612,000 as of December 31, 2023[34] Cash Flow and Financing - The net cash position as of June 30, 2024, was HKD 46,495,000, compared to HKD 50,677,000 at the end of 2023[16] - The group had bank borrowings of approximately HKD 2,080,000, secured against trade receivables, with an interest rate of HIBOR plus 1.7%[35] - The actual annual interest rate for interest-bearing borrowings ranged from 1.6% to 6.9% as of June 30, 2024[37] - The group had no bank borrowings as of June 30, 2024, compared to approximately HKD 4,080,000 as of December 31, 2023[44] Other Income - The company reported other income of HKD 56,750,000, an increase from HKD 5,222,000 year-on-year[6] - Bank interest income increased to HKD 794,000 from HKD 440,000, representing an increase of 80.0%[26] - Government grants rose to HKD 4,451,000 from HKD 3,457,000, reflecting a growth of 28.8%[26] - Other income increased by approximately 29.3% to about HKD 6,750,000 from approximately HKD 5,222,000 in the same period last year, attributed to increased government subsidies and bank interest income[41] Segment Performance - The company’s segment performance showed a gross profit of HKD 4,714,000 from marine cargo agency services for the six months ended June 30, 2024[22] - The company’s segment performance from Fujian shipping services generated a gross profit of HKD 6,548,000 for the same period[22] - The company’s segment performance from Guangdong shipping services generated a gross profit of HKD 8,096,000 for the same period[22] - The company’s segment performance from Hainan shipping services generated a gross profit of HKD 6,626,000 for the same period[22] Employee and Operational Metrics - The group had a total of 174 employees as of June 30, 2024, a decrease from 182 employees as of December 31, 2023[46] - The group identified new customers to expand revenue sources despite a challenging business environment, indicating proactive measures to adapt to market conditions[43] - The group plans to continue providing high-quality services and effectively manage its fleet and container operations to improve cost efficiency[43] Dividends and Shareholder Returns - The company did not declare any interim dividends for the six months ended June 30, 2024, and 2023[30] - The group did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[50] - The group anticipates that despite the current challenges, it will ultimately deliver returns to shareholders in the long term[43] Miscellaneous - The company has not adopted any new accounting standards that will take effect from January 1, 2024, for the current financial period[20] - There were no significant events affecting the group from June 30, 2024, to the date of the announcement[52]

Financial Performance - For the year ended December 31, 2023, the Group recorded revenue of approximately HK$392,220,000, a decrease of 40.2% compared to HK$655,518,000 in 2022[17]. - The Group's profit for the year was approximately HK$513,000, down from HK$27,642,000 in 2022, representing a decline of 98.1%[17]. - Gross profit for 2023 was HK$68,364,000, with a gross profit margin of 17.4%, compared to HK$103,810,000 and a margin of 15.8% in 2022[10]. - Operating profit decreased to HK$3,558,000 in 2023, down from HK$34,834,000 in 2022, reflecting a significant decline in operating profit margin to 0.9%[10]. - The Group's operational costs amounted to approximately HK$323,856,000, representing a decrease of approximately HK$227,852,000 or 41.3% compared to the same period last year[36]. Asset and Liability Management - Current assets as of December 31, 2023, were HK$189,322,000, while current liabilities were HK$138,645,000, resulting in net current assets of HK$50,677,000[13]. - The Group's total assets decreased to HK$354,039,000 in 2023 from HK$413,132,000 in 2022, indicating a reduction of 14.3%[13]. - The gearing ratio improved to 23.8% in 2023, down from 30.4% in 2022, reflecting a stronger balance sheet position[13]. - As of December 31, 2023, the Group held bank balances and cash of approximately HK$106,505,000, a decrease from approximately HK$147,991,000 in 2022[48]. Operational Performance - Container throughput at Hong Kong port decreased by 13.7% compared to the previous year, impacting the Group's operations[17]. - The total shipment volume for the Group's feeder shipping services, carrier owned container services, and barge services decreased by 125,856 TEUs or 26.1%, from 482,364 TEUs to 356,508 TEUs[31]. - The sea freight forwarding agency services experienced a decrease in shipment volume of 558 TEUs or 6.4%, from 8,685 TEUs to 8,127 TEUs[32]. Client and Market Strategy - The Group aims to negotiate with shipowners to reduce vessel leasing costs and improve vessel utilization rates to enhance efficiency and service[22]. - The Group has successfully secured several new clients to expand revenue streams despite a challenging operating environment[21]. ESG and Sustainability Initiatives - The company emphasizes its commitment to sustainable development, integrating environmental, social, and governance (ESG) measures into its operations[71]. - The Group's ESG strategy aims to achieve sustainable development goals by ensuring compliance with the industry's highest ESG standards through effective management processes and strategies[98]. - The Group recognizes the importance of effective ESG risk management for achieving robust and long-term development, particularly in addressing environmental risks in the shipping industry[99]. - The Group is committed to continuously implementing and enhancing ESG strategies to create value for shareholders, customers, employees, and communities[103]. Employee and Workplace Management - As of December 31, 2023, the Group had a total workforce of 182 employees, with 144 located in Mainland China and 38 in Hong Kong[116]. - The employee turnover rate was 15% for females and 10% for males, with a total turnover rate of 19% for employees under 30 years old[117]. - The Group reported zero work-related fatalities and zero lost days due to work injury for the year ended December 31, 2023[121]. - A total of 182 training hours were provided to employees during the year, emphasizing the importance of employee development[126]. Environmental Impact and Compliance - The Group strictly adheres to all environmental protection laws and regulations, including the "Environmental Protection Law of the People's Republic of China"[154]. - The Group encourages employees and suppliers to reduce environmental impact and comply with environmental policies[155]. - The Group's gas oil consumption surged by 67% in 2023 compared to the previous year, leading to a significant increase in overall greenhouse gas emissions[163]. - Greenhouse gas emissions reached 36,599.13 tonnes in 2023, up from 23,651.21 tonnes in 2022, exceeding the target of ≤ 19,559.53 tonnes by 2030[166]. Governance and Compliance - The Group adheres to various laws and regulations regarding anti-corruption, including the "Prevention of Bribery Ordinance" in Hong Kong and multiple laws in Mainland China[144]. - The Group has implemented a whistleblowing policy to combat fraud and corruption, allowing employees to report misconduct confidentially[145]. - The Group's governance framework includes transparency, accountability, and alignment with ESG values to promote sustainable development[110].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 392.22 million, a decrease of 40.2% compared to HKD 655.52 million in 2022[3] - Gross profit for the same period was HKD 68.36 million, down 34.2% from HKD 103.81 million in 2022[3] - The net profit for the year was HKD 0.51 million, a significant decline from HKD 27.64 million in the previous year, representing a decrease of 98.2%[4] - Basic and diluted earnings per share were both HKD 0.03, compared to HKD 1.78 in 2022, reflecting a decrease of 98.3%[3] - Revenue from external customers for the year ended December 31, 2023, was HKD 392,220,000, a decrease from HKD 655,518,000 in 2022, representing a decline of approximately 40.2%[18] - The company reported a pre-tax profit of HKD 685,000 for the year ended December 31, 2023, down from HKD 32,896,000 in 2022, reflecting a significant decrease of approximately 98%[20] - The annual profit for the year ended December 31, 2023, was HKD 513,000, compared to HKD 27,642,000 in 2022, marking a decline of about 98.1%[20] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 215.39 million, a slight decrease from HKD 221.44 million in 2022[6] - Current liabilities decreased to HKD 138.65 million from HKD 191.70 million in the previous year, indicating a reduction of 27.7%[6] - The company reported a net cash position of HKD 106.51 million, down from HKD 147.99 million in 2022, a decrease of 28.0%[6] - The company's net asset value for investment properties decreased to approximately HKD 56,799,000 in 2023 from HKD 61,356,000 in 2022, reflecting a decline of about 7.5%[36] - Trade receivables from third parties amounted to HKD 69,106,000 in 2023, down from HKD 75,539,000 in 2022, representing a decrease of approximately 8.5%[37] - Trade payables to third parties decreased to HKD 55,717,000 in 2023 from HKD 85,541,000 in 2022, reflecting a significant decline of approximately 34.9%[40] - The company’s total liabilities related to trade and other payables were approximately HKD 88,603,000 in 2023, compared to HKD 120,530,000 in 2022, indicating a decrease of about 26.5%[40] Income and Expenses - Other income increased to HKD 15.07 million from HKD 11.86 million, marking a growth of 26.5%[3] - Administrative and other operating expenses were HKD 78.24 million, slightly down from HKD 80.84 million in the previous year, a decrease of 3.2%[3] - Service costs for the year ended December 31, 2023, totaled HKD (323,856,000), compared to HKD (551,708,000) in 2022, indicating a reduction of about 41.2%[18] - The company recorded a significant impairment loss of HKD 1,967,000 in 2023, which was not present in the previous year[24] - The company’s financing costs for the year ended December 31, 2023, were HKD (2,873,000), compared to HKD (1,938,000) in 2022, indicating an increase of approximately 48.4%[20] - The company's interest expenses for loans increased to HKD 2,779,000 in 2023 from HKD 1,840,000 in 2022, representing a growth of approximately 51.1%[24] - Employee costs decreased slightly to HKD 50,447,000 in 2023 from HKD 51,707,000 in 2022, a reduction of about 2.4%[24] Government Support and Subsidies - The company received government subsidies of HKD 11,416,000 in 2023, up from HKD 9,758,000 in 2022, reflecting an increase of about 16.9%[22] - The group’s other income was positively impacted by increased government support and interest income, reflecting a strategic focus on diversifying revenue streams[50] Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, with no significant impact from the adoption of new or revised standards this year[10][11] - The company is committed to maintaining compliance with the applicable disclosure requirements of the Stock Exchange[9] - The company has adhered to the corporate governance principles and standards as outlined in the listing rules up to the fiscal year ending December 31, 2023[75] Future Outlook and Strategy - The management expects that the adoption of new standards will not have a significant impact on the group's financial performance and position[14] - The group has identified several new clients to expand revenue sources despite challenging business conditions[52] - The group plans to continue managing costs and seeking new revenue sources to navigate industry challenges[52] Employment and Workforce - The group has a total of 182 employees as of December 31, 2023, down from 203 employees in 2022[67] Dividends and Securities - The company did not recommend any dividend payment for the year ending December 31, 2023, consistent with the previous year[29] - There were no purchases, sales, or redemptions of the company's listed securities during the fiscal year ending December 31, 2023[71]

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]