FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 匯聚科技有限公司 呈交日期： 2024年12月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 01729 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | 事件 ...

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份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。 1729 關連交易－ 第四份設備採購協議 於二零二四年十一月二十二日，本公司與立訊精密訂立第四份設備採購協議，據此，本集團 同意購買及立訊精密集團同意銷售設備，代價為約人民幣7,600,000元。 於本公告日期，立訊精密為控股股東，透過其全資附屬公司立訊精密有限公司於約70.86%的 已發行股份中擁有權益，並由王來春女士及王來勝先生最終控制。因此，立訊精密為本公司 的關連人士，而與立訊精密的交易將構成上市規則第14A章項下本公司的關連交易。 由於第四份設備採購協議項下代價的最高適用百分比率（定義見上市規則）超過0.1%但低於 5%，因此第四份設備採購協議項下擬進行的交易須遵守上市規則第14A章項下的申報及公告 規定，但獲豁免遵守獨立股東批准規定。 主要事項 根據第四份設備採購協議，本集團同意購買及立訊精密集團同意銷售設備。 由於其於立訊精密集團的實益權益，董事會主席兼非執行董事王來春女士被視為於第四份設 ...

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 匯聚科技有限公司 呈交日期： 2024年11月22日 FF305 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01729 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前 ...

FF305 FF305 B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) 第 2 頁 共 6 頁 v 1.3.0 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 匯聚科技有限公司 呈交日期： 2024年11月18日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01729 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發 ...

表格類別： 股票 狀態： 新提交 公司名稱： 匯聚科技有限公司 呈交日期： 2024年11月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01729 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) ...

Financial Performance - Revenue for the nine months ended December 31, 2023, was HK$4,826.3 million, a decrease of 16.3% compared to HK$5,764.8 million in the previous period[10]. - Gross profit for the same period was HK$679.9 million, representing an increase of 8.8% from HK$624.7 million[10]. - Profit for the period was HK$277.6 million, up 28.6% from HK$215.9 million year-on-year[10]. - Basic earnings per share increased to 14.2 Hong Kong cents, a rise of 27.9% from 11.1 Hong Kong cents[10]. - Cash generated from operations was HK$1,055.7 million, a significant improvement of 175.8% compared to a cash outflow of HK$1,393.4 million in the previous period[10]. - Bank balances and cash increased to HK$338.0 million, up 17.4% from HK$288.0 million[10]. - Shareholders' funds rose to HK$1,361.2 million, reflecting a growth of 20.2% from HK$1,132.4 million[10]. - Capital expenditure decreased to HK$80.5 million, down 64.6% from HK$227.3 million[10]. - Gross profit margin improved to 14.1%, up 3.3 percentage points from 10.8%[10]. - Return on shareholders' funds was 20.4%, an increase of 1.3 percentage points from 19.1%[10]. Business Expansion and Strategy - The Group expanded its business into the server sector, which significantly contributed to revenue and profit growth[14]. - A new wholly-owned subsidiary, Linkz Cables Mexico, was established to increase market share outside China and Asia, with a new plant expected to start production in 2024[14]. - Two wholly-owned subsidiaries were established to enhance production capacity and R&D capabilities for medical equipment cables, with production starting in September 2023[14]. - The Group underwent multi-dimensional operating integrations following the acquisition by Luxshare Precision Limited, enhancing operational efficiency[15]. - The financial year end date was changed from 31 March to 31 December to align with Luxshare Group, facilitating better preparation of consolidated financial statements[15]. - The Group's proactive approach includes seeking investment opportunities to diversify its business portfolio and enhance shareholder value[14]. - The Group aims to leverage the growth in 5G technology and increased demand for network communication products to drive business growth[21]. - The strategic alliance with Luxshare Precision is expected to enhance the Group's core competitiveness and facilitate growth opportunities in various sectors, including consumer electronics and healthcare[24]. Revenue Breakdown by Sector - The data center sector's revenue increased slightly by HK$0.1 million to HK$791.0 million, maintaining the highest revenue in the cable assembly business[40]. - The telecommunications sector experienced a revenue decline of HK$88.6 million or 13.8%, down to HK$555.4 million, despite stable order volume and improved profit margins from new models[41]. - The medical equipment sector's revenue rose by HK$12.4 million or 5.0% to HK$258.0 million, driven by sustained high demand for medical equipment cables[41]. - The industrial equipment sector's revenue decreased by HK$23.0 million or 48.5% to HK$24.4 million, attributed to slower-than-expected economic recovery and high inflation[43]. - The revenue of the automotive sector was HK$100.4 million, a decrease of HK$61.6 million or 38.0% compared to HK$162.0 million in the previous year, impacted by geopolitical issues and trade wars[44]. - The networking cable sector reported revenue of HK$788.7 million, down HK$466.0 million or 37.1% from HK$1,254.7 million in the previous year, due to suppressed overseas orders caused by war, high interest rates, and inflation[45]. - The server sector generated revenue of HK$2,231.4 million, a decline of HK$296.4 million or 11.7% from HK$2,527.8 million in the previous year, with a focus on developing new products related to AIGC[46]. Operational Efficiency and Cost Management - Total operating expenses as a percentage of revenue remained stable at 5.6% during the review period[37]. - Distribution and selling expenses decreased from HK$61.4 million to HK$48.1 million, a decrease of HK$13.3 million or 21.7% compared to the Previous Year, with the percentage of these expenses to revenue decreasing from 1.1% to 1.0%[48]. - Administrative expenses decreased from HK$143.6 million to HK$124.5 million, a decrease of HK$19.1 million or 13.3% compared to the Previous Year, with administrative expenses as a percentage of revenue increasing from 2.5% to 2.6%[49]. - Research and development expenses were HK$95.7 million, a decrease of HK$14.2 million or 12.9% compared to HK$109.9 million in the Previous Year, with R&D expenses as a percentage of revenue increasing from 1.9% to 2.0%[50]. - The Group focused on the development and delivery of new products with AIGC (Artificial Intelligence Generated Content) during the Review Period, improving profitability[48]. Dividend and Shareholder Returns - The Board proposed a final dividend of HK$0.7 cents per share, totaling approximately HK$13.6 million, compared to HK$0.5 cents per share for the previous year[19]. - The proposed final dividend is subject to approval at the upcoming annual general meeting scheduled for 29 May 2024[118]. - The dividend payout for the previous year was HK$0.5 cents per share, indicating a 40% increase in the proposed dividend for the current year[117]. - The Group's expected working capital requirements and future expansion plans are considered in the dividend declaration process[116]. Risk Management and Compliance - The Directors identified several principal risks, including potential labor shortages, credit risk from customers, and fluctuations in raw material prices, which could adversely affect the Group's business and financial conditions[94]. - The Group's ability to maintain strong relationships with customers and suppliers may be compromised if it fails to attract or retain key managerial and technical personnel[94]. - The Company has maintained high standards of compliance with relevant laws and regulations, with no identified breaches during the reporting period[160]. - The Group's policies and practices on compliance with legal and regulatory requirements are regularly reviewed and monitored[182]. Corporate Governance and Board Structure - The Board currently comprises two executive Directors, one non-executive Director, and three independent non-executive Directors, ensuring a diverse governance structure[188]. - The three independent non-executive Directors represent more than one-third of the Board, exceeding the requirement of the Listing Rules[188]. - The Company has adopted a Board Diversity Policy since December 28, 2018, to enhance the quality of its performance through diversity[188]. - The Nomination Committee will evaluate and recommend retiring Directors for re-appointment based on their overall contribution, attendance, and performance on the Board[190]. - The Company ensures that independent non-executive Directors do not participate in daily management, maintaining their independent judgment[194]. Sustainability and Corporate Social Responsibility - The Group is committed to sustainability, implementing initiatives to reduce carbon emissions and energy consumption, such as using LED lighting and heat recovery systems in its factories[164]. - The Group has received various recognitions for its corporate social responsibility efforts, including the 15 Years+ Caring Company logo and the Industry Cares Award during FY2023[164]. - The Company actively participates in non-profit social development projects in its operational cities and encourages employee involvement in community activities[166].

Financial Performance - Revenue for the six months ended September 30, 2023, was HK$2,626.7 million, a decrease of 19.9% compared to HK$3,280.0 million for the same period in 2022[11]. - Gross profit increased to HK$405.0 million, representing a 29.8% increase from HK$312.0 million in the previous year[11]. - Profit for the period rose to HK$151.3 million, a significant increase of 65.7% from HK$91.3 million in the prior year[11]. - Basic earnings per share improved to 7.8 Hong Kong cents, up 66.0% from 4.7 Hong Kong cents in the same period last year[11]. - Gross profit margin increased to 15.4%, up 5.9 percentage points from 9.5% in the previous year[11]. - Net profit margin rose to 5.8%, an increase of 3.0 percentage points from 2.8% in the prior year[11]. - EBITDA as a percentage of revenue improved to 10.8%, up 5.5 percentage points from 5.3% in the previous year[11]. - Operating profit for the Reporting Period was HK$235.1 million, an increase of HK$106.5 million or 82.8%, with the operating profit margin rising from 3.9% to 9.0%[14]. - Profit before taxation was HK$187.1 million, with an effective tax rate of 19.1%[16]. Revenue Breakdown by Sector - The server business contributed significantly to profit improvement by adjusting its customer/product portfolio and selling price structure[12]. - The Group's revenue decreased by HK$653.3 million or 19.9% to HK$2,626.7 million from HK$3,280.0 million for the same period last year, primarily due to declines in server and digital cable businesses[17]. - The data centre sector's revenue increased significantly by HK$126.1 million or 35.2% to HK$484.1 million, maintaining the highest revenue sector in the cable assembly business[19]. - The telecommunication sector recorded a slight revenue decrease of HK$4.1 million or 1.2% to HK$348.6 million, with stable order volume and improved profit margins from new models[20]. - The medical equipment sector's revenue rose by HK$16.6 million or 12.9% to HK$145.1 million, driven by sustained high demand for medical equipment cables[20]. - The industrial equipment sector's revenue decreased by HK$15.8 million or 55.2% to HK$12.8 million, impacted by slower global economic recovery and high inflation[22]. - The automotive sector's revenue fell by HK$21.2 million or 23.4% to HK$69.5 million, affected by geopolitical issues and a decrease in sales orders[23]. - The networking cable sector's revenue decreased by HK$243.1 million or 33.1% to HK$491.2 million, due to suppressed economic activities from various global factors[24]. - The server sector's revenue decreased by HK$513.1 million or 33.5% to HK$1,017.8 million, with a focus on developing new products related to artificial intelligence during the reporting period[26]. Cost and Expenses - Total operating expenses were HK$158.6 million, accounting for 6.0% of revenue[16]. - Research and development expenses for the Reporting Period were HK$59.8 million, a decrease of HK$8.0 million or 11.8% compared to HK$67.8 million for the same period last year[30]. - Finance costs for the Reporting Period were HK$49.1 million, up from HK$25.2 million in the same period last year[31]. - Total employee benefit expenses, including Directors' remuneration, were approximately HK$261.3 million for the reporting period, compared to approximately HK$261.9 million for the same period last year[47]. Cash Flow and Financing - Net cash used in operating activities for the six months ended September 30, 2023, was HK$92,672,000, a decrease from HK$102,847,000 in the prior year, indicating improved cash flow management[91]. - Net cash from investing activities was HK$526,496,000 for the six months ended September 30, 2023, compared to a net cash outflow of HK$70,380,000 in the same period last year, reflecting significant investment activity[91]. - Bank borrowings raised amounted to HK$704,525,000, while loans raised from related companies totaled HK$1,641,198,000, indicating strong financing efforts[91]. - The Group's bank loan decreased by HK$589.2 million or 43.7% to HK$758.9 million as of September 30, 2023, from HK$1,348.1 million as of March 31, 2023[41]. Shareholder Information - An interim dividend of HK0.75 cents per share was declared, amounting to a total of approximately HK$14.6 million[31]. - The total number of shares available for issue under the 2023 Share Option Scheme is 194,595,200, representing 10% of the issued shares of the Company[63]. - The Company has not purchased, sold, or redeemed any of its listed securities during the six months ended 30 September 2023[63]. - The total interests of Luxshare Precision and its controlled corporations are deemed to be 1,380,594,000 shares, maintaining a consistent percentage of 70.95%[60]. Market Outlook and Strategy - The global economy is expected to grow by 3.0% in 2024, with emerging markets in Asia, including China and India, projected to grow by 4.5% and 6.3% respectively[32]. - The Group has established a new wholly-owned subsidiary in Mexico to increase market share outside of China and Asia, with a new plant expected to be operational in 2024[32]. - The demand for cable assembly products is anticipated to rise due to the rapid deployment of 5G technology and the increasing application of network communication[32]. - The Group is optimistic about the growth potential of its server business, which includes customized products for data centers, driven by China's investment in digital infrastructure[34]. - The automotive wire harness products are positioned to capitalize on the booming electric vehicle market, with a target of 20% of new vehicle sales in China being new energy vehicles by 2025[36]. Corporate Governance and Compliance - The Audit Committee has reviewed the interim results for the six months ended 30 September 2023 and confirmed compliance with applicable accounting standards and legal requirements[65]. - The Company continues to comply with the Securities and Futures Ordinance regarding the disclosure of interests and short positions[61]. - The Company has fully complied with the Corporate Governance Code during the six months ended 30 September 2023[64]. Financial Position - As of September 30, 2023, total assets amounted to HK$4,618,229, a decrease of 5.1% from HK$4,866,739 as of March 31, 2023[84]. - Current liabilities increased to HK$3,878,196, down 9.2% from HK$4,270,635 in the previous period[84]. - The Group's total trade and other receivables reached HK$1,604,194,000 as of 30 September 2023, compared to HK$1,541,265,000 as of 31 March 2023[121]. Share Option Scheme - The Company adopted a new 2023 Share Option Scheme on March 21, 2023, which will remain in force for 10 years, replacing the 2018 Share Option Scheme[133]. - The purpose of the 2023 Share Option Scheme is to attract, retain, and motivate high-caliber participants aligned with the Group's performance goals[133]. - The Group recognized share-based payments of HK$6,622,000 for the six months ended 30 September 2023, compared to HK$2,156,000 for the same period in 2022[138].

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 2,626.7 million, a decrease of 19.9% compared to HKD 3,280.0 million for the same period in 2022[2] - Gross profit increased by 29.8% to HKD 405.0 million, up from HKD 312.0 million year-on-year[2] - Net profit for the period was HKD 151.3 million, representing a 65.7% increase from HKD 91.3 million in the previous year[2] - Basic earnings per share rose to HKD 7.8, a 66.0% increase compared to HKD 4.7 in the same period last year[2] - The gross margin improved to 15.4%, up 5.9 percentage points from 9.5% in the prior year[2] - Operating profit for the period was HKD 235.1 million, a significant increase of HKD 106.5 million or 82.8% from HKD 128.6 million in the previous year, with the operating profit margin rising from 3.9% to 9.0%[30] - EBITDA for the reporting period was HKD 283.5 million, up HKD 110.3 million or 63.7% from HKD 173.2 million year-on-year, with an EBITDA margin rising from 5.3% to 10.8%[38] Revenue Breakdown - The revenue from the wire components segment was HKD 1,060,151, an increase of 10.6% compared to HKD 958,456 in the previous year[17] - The digital wire segment generated revenue of HKD 548,789, down 30.6% from HKD 790,596 in the prior year[17] - Server product sales amounted to HKD 1,017,757, a significant decrease of 33.5% from HKD 1,530,925 in the same period last year[17] - Revenue from China was HKD 1,711,693, a decrease of 28% from HKD 2,373,145 in the same period last year[18] - Revenue from the United States increased to HKD 485,527, up 21% from HKD 400,935 in the previous year[18] - The data center segment's revenue rose by HKD 126.1 million or 35.2% to HKD 484.1 million, maintaining high shipment levels[33] - The telecommunications segment's revenue slightly decreased by HKD 4.1 million or 1.2% to HKD 348.6 million, with stable order volumes and improved profit margins from new product launches[34] - The medical equipment segment's revenue increased by HKD 16.6 million or 12.9% to HKD 145.1 million, driven by sustained demand for medical equipment wires[35] - The industrial equipment segment's revenue fell by HKD 15.8 million or 55.2% to HKD 12.8 million, impacted by slow global economic recovery[35] - The automotive segment's revenue decreased by HKD 21.2 million or 23.4% to HKD 69.5 million, affected by geopolitical issues and trade wars[35] - The network wire segment's revenue declined by HKD 243.1 million or 33.1% to HKD 491.2 million, due to suppressed overseas orders[35] - The server segment's revenue decreased by HKD 513.1 million or 33.5% to HKD 1,017.8 million, despite improvements in profitability from new AI-related product developments[36] Expenses and Costs - Research and development expenses decreased to HKD 59.8 million from HKD 67.8 million, reflecting a focus on cost management[4] - Total operating expenses decreased to HKD 158.6 million, down HKD 11.2 million or 6.6% from HKD 169.8 million, primarily due to a 4.3% decline in the average exchange rate of RMB to HKD[39] - The total interest expenses for the period were HKD 49,050,000, significantly higher than HKD 25,182,000 in the previous year, marking a 94.5% increase[20] - Financing costs increased to HKD 49.1 million from HKD 25.2 million in the previous year, including interest expenses from various loans and lease liabilities[40] - The company incurred a loss on inventory write-down of HKD 6,630,000, a significant improvement from a gain of HKD 168,000 in the previous year[20] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 4,618.2 million, down from HKD 4,866.7 million as of March 31, 2023[6] - Current liabilities decreased to HKD 3,878.2 million from HKD 4,270.6 million, indicating improved liquidity[6] - The net asset value increased to HKD 1,224.4 million from HKD 1,144.1 million, reflecting a stronger financial position[6] - Total liabilities as of September 30, 2023, were HKD 4,592,816, down from HKD 4,962,894 as of March 31, 2023[15] - The company's debt ratio rose to 68.4% as of September 30, 2023, from 64.9% as of March 31, 2023, mainly due to loans from Luxshare Group[48] Dividends and Shareholder Equity - The company declared an interim dividend of HKD 0.75 per share, totaling HKD 14,595,000, compared to HKD 19,460,000 for the same period last year, which was HKD 1.00 per share[23] - The company's shareholder equity increased by HKD 80.6 million or 7.1% to approximately HKD 1,213.0 million as of September 30, 2023, driven by a profit of HKD 141.4 million during the period[45] Future Outlook and Strategic Initiatives - The company anticipates global economic growth of 3.0% in 2024, with emerging markets in Asia expected to grow by 5.0%[42] - The company is optimistic about the growth potential in the server business, driven by increasing demand for digital infrastructure in China and geopolitical factors[44] - The company has established a new wholly-owned subsidiary, Linkz Cables Mexico, to increase market share outside of China and Asia, with a new factory expected to commence production in 2024[43] - The company aims to leverage the "East Data West Computing" policy to enhance its market position and strategic resources for sustainable growth[44] - The company anticipates that the 5G technology development will drive demand for data center services and related products[43] - The automotive wiring harness products are expected to help the company tap into the growing electric vehicle market in China, which aims for 20% of new car sales to be electric by 2025[44] Employee and Corporate Governance - The group had a total of 4,607 employees as of September 30, 2023, an increase from 3,805 employees a year earlier[53] - The total employee benefit expenses, including directors' remuneration, for the period amounted to approximately HKD 261.3 million, slightly down from HKD 261.9 million in the previous year[53] - The audit committee has reviewed the interim results and confirmed compliance with applicable accounting standards and regulations[59] - The company continues to monitor foreign exchange risks and has implemented prudent financial management policies to mitigate these risks[50] Capital Expenditures - The company made capital expenditures of approximately HKD 58,179,000 on property, plant, and equipment, a decrease from HKD 151,211,000 in the previous year[26] - The group has capital commitments for property, plant, and equipment amounting to HKD 19.8 million as of September 30, 2023, compared to HKD 20.7 million as of March 31, 2023[51]

Company Overview - The Group has over 30 years of experience in providing customized interconnect solutions, with manufacturing facilities located in Shanghai, Suzhou, and Huizhou, PRC[3]. - The Group's product offerings include a variety of copper and optical fiber cable assemblies, digital cable products, and servers, tailored to customer specifications[3]. - The Group's headquarters is located in Hong Kong, with a registered office in the Cayman Islands[10]. - The Group's website is www.time-interconnect.com, providing further information about its services and products[10]. Business Strategy and Vision - The Group aims to become a Tier-1 supplier in sectors such as 5G telecommunications, data communication, healthcare, transport, and industrial markets[6]. - The Group's strategy focuses on maintaining long-term and stable business relationships with market leaders[7]. - The Group's vision is to be recognized as a "Preferred Supplier" capable of delivering world-class quality and services consistently[5]. - The Group aims to diversify its business portfolio and broaden its income sources through proactive investment opportunities[28]. Financial Performance - Revenue for the year ended 31 March 2023 was HK$5,764.8 million, representing a 60.6% increase from HK$3,590.1 million in 2022[11]. - Profit for the year increased by 28.3% to HK$215.9 million, up from HK$168.3 million in the previous year[11]. - Adjusted profit for the year was HK$215.9 million, a 10.6% increase from HK$195.2 million in 2022[11]. - Basic earnings per share rose to 11.1 Hong Kong cents, a 22.0% increase from 9.1 Hong Kong cents in the prior year[11]. - The company reported a significant cash outflow from operations of HK$1,393.4 million, a decrease of 630.8% compared to cash generated of HK$262.5 million in 2022[11]. - Capital expenditure increased dramatically to HK$227.3 million, up 282.7% from HK$59.4 million in the previous year[11]. Market and Product Development - The Group established a new subsidiary, Time X-Ware Technology Limited, to enter the server business, enhancing its product offerings in data centers[16]. - The Group plans to establish a new plant in Mexico to increase market share outside China and Asia, focusing on 5G-related and data center business[21]. - Demand for medical equipment cables is expected to positively impact the Group's orders in FY2023 due to increased health awareness post-pandemic[23]. - The automotive wiring products are anticipated to capture opportunities in the growing electric vehicle market, with a target of 20% new energy vehicle sales by 2025 in China[23]. - The Group aims to expand its server business to leverage the market potential of cloud services and communications in China[23]. Operational Efficiency - The Group emphasizes efficient production capabilities and extensive quality control measures[7]. - The average copper price decreased significantly during the review year, impacting the gross profit margin, which fell to 10.8% from 16.4%[15]. - The overall gross profit margin decreased from 16.4% to 10.8% compared to the Previous Year due to high material costs and the introduction of the server business[40]. - The Group's total operating expenses as a percentage of revenue decreased to 5.5% from 9.0% in the Previous Year[32]. Shareholder and Dividend Information - The Board proposed a final dividend of HK0.5 cents per share for FY2023, down from HK1 cent in FY2022[20]. - The Directors recommended a final dividend of HK0.5 cents per share for FY2023, down from HK1.0 cent in FY2022, totaling approximately HK$9.7 million[46]. - The Company reserves the right to update its Dividend Policy at any time without a legally binding commitment to pay dividends[107]. Corporate Governance and Management - The company is committed to maintaining high standards of corporate governance and financial transparency[94][95]. - The Group's management actively monitors foreign exchange exposure and may consider hedging significant foreign currency risks as necessary[85]. - The Company has established a Remuneration Committee to review the emolument policy and structure for Directors and senior management, meeting at least once a year[151][154]. - The Board currently consists of two executive Directors, one non-executive Director, and three independent non-executive Directors, exceeding the requirement of at least one-third independent non-executive Directors as per Listing Rules[189]. Sustainability and Social Responsibility - The Group has implemented various environmental initiatives, such as using LED lighting and heat recovery systems, and has received multiple recognitions for its sustainability efforts during FY2023[168]. - The Group is committed to reducing carbon emissions and has identified six key United Nations Sustainable Development Goals relevant to its operations[168]. - Charitable donations made by the group during the year ended March 31, 2023, totaled approximately HK$51,900, an increase from approximately HK$45,900 in 2022[121]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% to $625 million[101]. - The Group anticipates continued growth in the data center sector due to rising cloud technology utilization and the development of 5G[55]. - The Group's strategy focuses on achieving long-term, steady, and sustainable growth while considering environmental, social, and governance aspects[188].

Financial Performance - Revenue for the year ended March 31, 2023, was HKD 5,764.8 million, representing a 60.6% increase from HKD 3,590.1 million in the previous year[2] - Net profit for the year was HKD 215.9 million, up 28.3% from HKD 168.3 million, with adjusted net profit increasing by 10.6% to HKD 215.9 million[2] - Basic earnings per share rose to HKD 11.1, a 22.0% increase from HKD 9.1 in the previous year[2] - The operating profit for the year was HKD 316,594,000, compared to HKD 297,220,000 in the previous year, reflecting an increase of about 6.4%[12][14] - The company reported a pre-tax profit of HKD 256,240,000 for the year, up from HKD 232,855,000 in the previous year[13][14] - The adjusted net profit for the year was HKD 215.9 million, reflecting a 20.7% increase from HKD 195.2 million in the previous year[39] - The profit before tax for fiscal year 2023 was HKD 256.3 million, up HKD 23.4 million or 10.0% from HKD 232.9 million in the previous year[50] Revenue Breakdown - The revenue breakdown includes HKD 1,889,886,000 from wire components, HKD 1,370,708,000 from digital wires, and HKD 2,527,782,000 from server products[13] - Revenue from server sales amounted to HKD 2,499,162 thousand in 2023, with additional commission income from server-related components of HKD 28,620 thousand[22] - The group’s revenue from the Chinese market reached HKD 4,033,900,000 for the year ended March 31, 2023, up from HKD 1,664,349,000 in the previous year[18] - The new server business contributed significantly to revenue growth, with total revenue from this segment reaching HKD 2,527.8 million, accounting for 43.8% of total revenue[41] Expenses and Costs - Gross profit increased by 6.2% to HKD 624.7 million, down from HKD 588.1 million, resulting in a gross margin of 10.8%, a decrease of 5.6 percentage points[2] - Cash generated from operations was negative at HKD (1,393.4) million, a significant decline of 630.8% compared to HKD 262.5 million in the previous year[2] - Capital expenditure surged by 282.7% to HKD 227.3 million, up from HKD 59.4 million[2] - Total operating expenses for FY2023 were HKD 314.9 million, a decrease of HKD 7.0 million or 2.2% from HKD 321.9 million in the previous year[47] - Financing costs for the fiscal year 2023 amounted to HKD 55.8 million, an increase from HKD 38.0 million in the previous year[49] Assets and Liabilities - Total assets increased to HKD 4,866.7 million, compared to HKD 2,000.7 million in the previous year[6] - The total liabilities of the group as of March 31, 2023, were HKD 4,962,894,000, with reportable segment liabilities of HKD 1,132,672,000[15] - As of March 31, 2023, the shareholders' equity was approximately HKD 1,132.4 million, an increase of HKD 81.2 million or 7.7% compared to HKD 1,051.2 million on March 31, 2022[58] - The bank loans increased significantly to HKD 1,348.1 million as of March 31, 2023, up by HKD 285.9 million or 26.9% from HKD 1,062.2 million on March 31, 2022[59] Market and Strategic Developments - The company plans to establish a new factory in Mexico to expand its market share outside of China and Asia, aiming to capitalize on the upcoming 5G network opportunities[56] - The company is optimistic about the growth potential of its server business, which is expected to enhance its existing wire and cable products and expand its customer base[57] - The automotive market, particularly electric vehicles, is projected to grow significantly, with the Chinese government targeting 20% of new car sales to be electric vehicles by 2025[56] Employee and Operational Insights - The total employee costs for 2023 were HKD 504,591 thousand, an increase from HKD 459,472 thousand in 2022[25] - The group had approximately 3,949 employees as of March 31, 2023, an increase from 3,232 employees in the previous year, driven mainly by the growth in new server business and recruitment in Huizhou[67] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions during the fiscal year ending March 31, 2023[69] - The audit committee believes that the audited consolidated financial statements are prepared in accordance with applicable accounting standards and fairly present the group's financial position as of March 31, 2023[74]