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之內容概不負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 就 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之任何損失承擔任何責任。 協同通信集團有限公司 Synertone Communication Corporation (於開曼群島註冊成立之有限公司) (股份代號:1613) 截至二零二三年三月三十一日止年度全年業績公告 協 同 通 信 集 團 有 限 公 司(「本公司」,連 同 其 附 屬 公 司 統 稱「本集團」)董 事(「董 事」) 會(「董事會」)公 佈 本 集 團 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 的 綜 合 業 績,連 同截至二零二二年同期的比較數字如下: – 1 – 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 | | | 二零二三年 | 二零二二年 | |-----------------------------------------------|---------|----------------|----- ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 19,312,000, a decrease of 51.6% compared to HKD 39,950,000 in the same period of 2021[5] - Gross profit for the same period was HKD 3,147,000, down 72.7% from HKD 11,547,000 year-on-year[5] - The company reported a loss of HKD 8,855,000 for the six months, compared to a loss of HKD 9,964,000 in the previous year, indicating a 11.1% improvement[5] - Basic and diluted loss per share was HKD 0.64, compared to HKD 0.75 in the prior year[9] - The total comprehensive loss before tax for the period was HKD 8,851,000[44] - The company incurred a pre-tax loss of HKD 9,955 thousand for the six months ended September 30, 2022[46] - The company reported a net loss of approximately HKD 8,855,000 for the six months ended September 30, 2022[32] - The company's loss attributable to owners decreased by approximately HKD 0.8 million or 9.0% to about HKD 8.1 million, primarily due to reduced overall expenses under stricter cost control[190] Assets and Liabilities - Non-current assets decreased from HKD 142,525,000 as of March 31, 2022, to HKD 128,876,000 as of September 30, 2022, a decline of 9.6%[13] - Current assets also decreased from HKD 128,927,000 to HKD 104,766,000, representing a 18.7% decline[13] - Total liabilities decreased from HKD 163,048,000 to HKD 135,859,000, a reduction of 16.7%[13] - Total assets amounted to HKD 233,642 thousand, down from HKD 271,452 thousand as of March 31, 2022[49] - Total liabilities increased to HKD 136,841 thousand from HKD 166,017 thousand as of March 31, 2022[51] - As of September 30, 2022, total assets minus current liabilities amounted to HKD 97,783,000, down from HKD 108,404,000 in the previous period[17] - The company’s accumulated losses reached HKD 934,669,000, reflecting a decrease of 8,867,000 during the reporting period[19] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2022, was a loss of HKD 6,148,000, compared to a gain of HKD 3,324,000 in the previous year[23] - The net cash generated from investing activities was HKD 17,092,000, a significant improvement from a cash outflow of HKD 29,594,000 in the prior year[25] - The company reported a net increase in cash and cash equivalents of HKD 2,289,000 for the six months ended September 30, 2022, compared to an increase of HKD 9,739,000 in the previous year[25] - The company had a cash balance of HKD 9,738,000 at the end of the reporting period, down from HKD 13,924,000 a year earlier[25] Segment Performance - Revenue from external customers for the building intelligence segment was HKD 3,975,000, while the control systems segment generated HKD 14,666,000, and the data center segment contributed HKD 671,000, totaling HKD 19,312,000[44] - The adjusted EBIT for the building intelligence segment was a loss of HKD 3,393,000, while the control systems segment achieved a profit of HKD 1,339,000, and the data center segment reported a loss of HKD 1,695,000, resulting in a total adjusted EBIT loss of HKD 3,749,000[44] - The control systems segment's revenue decreased to HKD 14.7 million from HKD 26.4 million compared to the previous period, representing a decline of approximately 44.5%[135] - The building intelligence segment recorded an operating loss of HKD 3.4 million compared to a loss of HKD 5.5 million in the previous period, showing an improvement in loss margin[138] - The data center business generated revenue of HKD 0.7 million but incurred a loss of HKD 1.7 million during the period[141] Cost Management - Research and development expenses for the period were HKD 1,504,000, down 23.9% from HKD 1,975,000 in the previous year[5] - The company has implemented cost control measures and accelerated the collection of receivables to improve cash flow and financial condition[34] - Administrative and other operating expenses decreased by approximately HKD 3.0 million or 16.9% to about HKD 14.8 million due to reduced expenses during the lockdown period in China and stricter cost control measures implemented by the company[185] - Sales and distribution expenses decreased by approximately HKD 1.9 million or 65.5% to about HKD 1.0 million, consistent with the decrease in sales during the period[184] Credit and Receivables - The company recognized a reversal of expected credit loss of HKD 3,058,000, compared to a provision of HKD 1,429,000 in the previous year[5] - The expected credit loss provisions for trade receivables were HKD (748), compared to HKD 864 in the previous year, indicating an improvement[71] - The company maintains internal control policies and conducts credit assessments before granting loans to minimize credit and default risks[167] - The company has a significant overdue receivable balance of HKD 16,881,000 related to the sale of protective masks, which has been fully provided for[107] Future Outlook - The company expects a negative impact on the financial performance of the control systems and building intelligence segments due to ongoing lockdowns, particularly until March 31, 2023[146] - The company believes that if the COVID-19 situation improves, the rental and advertising business of Iogo Workshop will recover and financial performance will gradually improve[145] - The company anticipates stable organic growth in the medium term once the pandemic situation stabilizes and lockdowns are lifted[146] - The company plans to explore new business and investment opportunities, including potential mergers and acquisitions, to diversify and expand its operations for long-term benefits[152]

Financial Performance - The group's revenue increased by approximately HKD 23.9 million or 26.5% to approximately HKD 114.2 million for the fiscal year ending March 31, 2022, compared to HKD 90.3 million for the previous year[6]. - Gross profit decreased slightly by HKD 0.1 million to approximately HKD 22.9 million, with a gross margin decline from 25.5% to 20.1%[7]. - The loss attributable to owners of the company increased by approximately HKD 94.6 million or 6.3 times to HKD 109.7 million for the fiscal year ending March 31, 2022, compared to HKD 15.1 million for the previous year[7]. - The company reported a basic loss per share of HKD 0.09 for the fiscal year ending March 31, 2022, compared to HKD 0.01 in the previous year[8]. - The group recorded revenue of approximately HKD 114.2 million for the year, an increase of about HKD 23.9 million or 26.5% compared to the previous year's revenue of HKD 90.3 million[37]. Liquidity and Financial Ratios - The current ratio decreased from 1.0 in 2021 to 0.8 in 2022, indicating a decline in short-term liquidity[6]. - The debt-to-equity ratio increased significantly to 69.7% in 2022 from 43.8% in 2021, reflecting higher leverage[6]. - As of March 31, 2022, the company's current ratio was approximately 0.8, down from 1.0 in 2021, indicating a decline in short-term financial health[83]. - The debt-to-equity ratio as of March 31, 2022, was 70%, significantly higher than 44% in 2021, reflecting increased leverage[83]. Cash Flow and Expenditures - Operating cash flow for the year was negative at HKD 8.039 million, compared to negative HKD 7.726 million in the previous year[6]. - Capital expenditures increased to HKD 10.702 million in 2022 from HKD 2.251 million in 2021, indicating a focus on investment[6]. - The group invested approximately HKD 9.8 million in the initial capital expenditure for the data center business, which included the purchase of high-end computer equipment and leasing renovations[27]. Revenue Segmentation - The group's control systems business recorded external revenue of HKD 47.3 million in FY2022, up from HKD 39.5 million in FY2021[22]. - The building intelligence segment's external revenue increased to HKD 60.4 million in FY2022, compared to HKD 50.8 million in FY2021[26]. - The control systems business generated revenue of HKD 47.3 million, accounting for 41.5% of total revenue, while the building intelligence business contributed HKD 60.4 million, or 52.9%[38]. Credit Loss Provisions - The group recognized an expected credit loss provision of HKD 62.9 million in FY2022, a significant increase from HKD 4.6 million in FY2021[5]. - Expected credit loss provisions for trade receivables and loans amounted to HKD 62.9 million in FY2022, compared to a reversal of HKD 4.6 million in FY2021[49]. - The company has made specific provisions for expected credit losses of HKD 10.1 million for Debtor 1 and HKD 12.6 million for Debtor 2 due to uncertainties in recovering these amounts[60]. Employee Costs and Compensation - Employee costs for the year amounted to approximately HKD 22.5 million, an increase of about HKD 8.8 million or 64.2% compared to approximately HKD 13.7 million in the previous year[90]. - The group reviews its employee compensation policy annually, considering factors such as individual performance and industry standards[92]. - Continuous training programs are conducted for employees to enhance their skills and knowledge, including both internal and external courses[93]. Business Strategy and Future Outlook - The group anticipates a decline in revenue for the next fiscal year due to lockdown measures in China, but remains optimistic about the future of its control systems and building intelligence businesses[5]. - The group aims to identify new investment or acquisition opportunities to expand or diversify its business for long-term benefits[17]. - The group plans to propose a new share option scheme to incentivize employees, executives, or senior staff[92]. Governance and Compliance - The company has complied with all relevant laws and regulations, with no significant violations reported as of March 31, 2022[121]. - The company has adopted the Corporate Governance Code and believes it has complied with all applicable provisions for the year ended March 31, 2022, except for specific clauses[174]. - The board consists of two executive directors and three independent non-executive directors as of March 31, 2022[179]. Risk Management - The group faces various risks, including market risks related to its customer base in China, which may impact financial performance[111]. - The group has established preventive and emergency measures to mitigate operational risks and ensure effective control procedures[113]. - Financial risks related to exchange rates, interest rates, and liquidity are acknowledged and discussed in the financial statements[114].

SYNERTONE 協同通信集團有限公司 Synertone Communication Corporation (於開曼群農柱用成立的有限公司) 股份代號:1613 中 期 報 告 2021 目 錄 | --- | --- | |------------------------------|-------| | | | | 公司資料 | 頁 次 | | 簡明綜合損益表 | 2 4 | | 簡明綜合損益及其他全面收益表 | 6 | | 簡明綜合財務狀況表 | 7 | | 簡明綜合權益變動表 | 9 | | 簡明綜合現金流量表 | 10 | | 簡明綜合財務報表附註 | 12 | | 管理層討論及分析 | 40 | | 其他資料 | 50 | 公司資料 董事會 執行董事 韓衛寧*先 生（行政總裁） 王潔女士 獨立非執行董事 林英鴻先生 王忱先生 李明綺女士 委員會 審核委員會 林英鴻先生（主席） 王忱先生 李明綺女士 提名委員會 王忱先生（主席） 林英鴻先生 李明綺女士 薪酬委員會 李明綺女士（主席） 林英鴻先生 王忱先生 公司秘書 丁鍵煒先生 註冊辦事處 Cricket Square Hutchins Dri ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | SYNERTONE | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 協同通信集團有限公司 Synertone Communication Corporation | | | | | | | | | | | (於開曼群島註冊成立的有限公司) 股份代號:1613 | | | | | | | | | | | 年 報 | | | | | | | | | | | 2019 | | | | | | | | | | | | | | | | | | | | | | | ...

SYNERTONE 協同通信集團有限公司 Synertone Communication Corporation (於開量的熟証冊成立的有限公司) 88 to tem =1613 中期報告 0203 目 錄 | --- | --- | |------------------------------|-------| | | 頁 次 | | 公司資料 | 2 | | 簡明綜合損益表 | 4 | | 簡明綜合損益及其他全面收益表 | 6 | | 簡明綜合財務狀況表 | 7 | | 簡明綜合權益變動表 | 9 | | 簡明綜合現金流量表 | 10 | | 簡明綜合財務報表附註 | 12 | | 管理層討論及分析 | 42 | | 其他資料 | 52 | 公司資料 董事會 執行董事 韓衛寧*先 生（行政總裁） 獨立非執行董事 林英鴻先生 王忱先生 李明綺女士 委員會 審核委員會 林英鴻先生（主席） 王忱先生 李明綺女士 提名委員會 王忱先生（主席） 林英鴻先生 李明綺女士 薪酬委員會 李明綺女士（主席） 林英鴻先生 王忱先生 公司秘書 丁鍵煒先生 授權代表 韓衛寧*先 生 林英鴻先生 （韓衛寧*先生之替任代表） 丁鍵 ...

| --- | --- | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | 7 SYNERTONE | | | | | | 協同通信集團有限公司 Synertone Communication Corporation (於開曼群島註冊成立的有限公司) 股份代號 : 1613 | | | | | | 年報2020 | | | | | | | | | | | | | | | | | | | | | | 目錄 頁 次 公司資料2 財務摘要3 行政總裁報告書5 管理層討論及分析6 董 事 14 董事會報告 16 企業管治報告 26 環境、社會及管治報告 41 獨立核數師報告 57 綜合損益表 62 綜合損益及其他全面收益表 64 綜合財務狀況表 65 綜合權益變動表 67 綜合現金流量表 69 財務 ...

7 SYNERTONE 協同通信集團有限公司 Synertone Communication Corporation (Be開曼群處註冊成立的有限公司) 股份代號:1613 . . 0 0 0 目 錄 公司資料 2 簡明綜合損益表 4 簡明綜合損益及其他全面收益表 6 簡明綜合財務狀況表 7 簡明綜合權益變動表 9 簡明綜合現金流量表 10 簡明綜合財務報表附註 12 管理層討論與分析 46 其他資料 54 頁 次 二零一九年中期報告 1 協同通信集團有限公司 公司資料 董事會 執行董事 王浙安先生（主席） 韓衛寧*先 生（行政總裁） 獨立非執行董事 林英鴻先生 王忱先生 李明綺女士 委員會 審核委員會 林英鴻先生（主席） 王忱先生 李明綺女士 提名委員會 王忱先生（主席） 林英鴻先生 李明綺女士 薪酬委員會 李明綺女士（主席） 林英鴻先生 王忱先生 公司秘書 謝錦輝先生，FCIS、FCS、MHKIoD 授權代表 王浙安先生 林英鴻先生 （王浙安先生之替任代表） 謝錦輝先生 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1 ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|------------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-----------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (於開曼群島註冊成立的有限公司) 股份代號： 1613 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2019 年報 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ...