Core Viewpoint - The company anticipates a significant increase in profit for the six months ending June 30, 2025, projecting a profit attributable to equity shareholders of between HKD 25 million and HKD 40 million, compared to approximately HKD 11 million for the same period ending June 30, 2024 [1] Group 1 - The increase in profit is primarily attributed to the direct operation of the Jia Jin Long Auto City through the acquisition of 90% of Shenzhen Jia Jin Long Industrial Development Co., Ltd., which generates higher revenue and net profit compared to managing the auto city through a management agreement [1] - The zipper business has shown stable performance, contributing approximately HKD 8 million to the profit attributable to equity shareholders during the period [1]

（於開曼群島註冊成立的有限公司） （股份代號：2011） 正面盈利預告 本 公 告 由 進 騰 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，統 稱「本集團」）根 據 香港聯合交易所有限公司證券上市規則第13.09(2)條及香港法例第571章證券及 期貨條例第XIVA部 項 下 內 幕 消 息 條 文（定 義 見 上 市 規 則）而 刊 發。 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 有 意 投 資 者， 基於對本集團截至2025年6月30日 止 六 個 月（「本期間」）的 未 經 審 核 綜 合 管 理 賬 目（「未經審核綜合管理賬目」）作 出 的 初 步 審 閱 及 目 前 可 得 的 最 新 資 料，本 集 團 預期本期間將錄得權益股東應佔溢利介乎25,000,000港元至40,000,000港 元，而 截 至2024年6月30日止六個月則錄得權益股東應佔溢利約11,000,000港 元。董 事 會 認 為，上 述 溢 利 增 加 乃 主 要 由 於（其 中 包 括）(1)透過認購深圳市嘉進隆實業發展 有限公司90%股 份 直 ...

Core Viewpoint - Jinteng Group (02011.HK) announced that it will hold a board meeting on August 29, 2025, to review and approve the interim results for the six months ending June 30, 2025 [1] Group 1 - The board meeting is scheduled for August 29, 2025 [1] - The meeting will focus on the interim results for the six months ending June 30, 2025 [1]

董事會會議日期 進 騰 集 團 有 限 公 司（「本公司」及 其 附 屬 公 司「本集團」）董 事 會（「董事會」）茲 通 告 謹定於2025年8月29日（星 期 五）舉 行 本 公 司 董 事 會 會 議，以 考 慮 及 批 准（其 中 包 括）本 集 團 截 至2025年6月30日 止 六 個 月 之 未 經 審 核 中 期 業 績。 代表董事會 進騰集團有限公司 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 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （於開曼群島註冊成立的有限公司） （股份代號：2011） 主席兼執行董事 葉兆麟 香 港，2025年8月18日 於 本 公 告 日 期，執 行 董 事 為 葉 兆 麟 先 生、麥 融 斌 先 生、吳 卓 軒 先 生 及 張 嘉 鉛 女 士；非 執 行 董 事 為 林 萍 女 士；及 獨 立 非 執 行 董 事 為 梁 家 ...

截至月份: 2025年7月31日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 進騰集團有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02011 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊 ...

Financial Performance - Revenue for 2024 reached HKD 333,376,000, representing a 25% increase from HKD 266,548,000 in 2023[8] - Gross profit margin improved to 52.6% in 2024, up from 41.5% in 2023[6] - Operating profit margin turned positive at 20.2% for 2024, compared to a loss of 25.3% in 2023[6] - Net profit attributable to equity shareholders was HKD 32,300,000 in 2024, a significant recovery from a loss of HKD 69,043,000 in 2023[8] - The pre-tax profit for the fiscal year was approximately HKD 63,690,000, a turnaround from a pre-tax loss of HKD 70,600,000 in 2023, representing an improvement of about HKD 132,290,000[18] - Overall gross profit rose approximately 58.8% from about HKD 110,540,000 in 2023 to about HKD 175,510,000 in 2024, with a gross margin increase from approximately 41.5% to 52.6%[26] - The net profit attributable to equity shareholders for 2024 was approximately HKD 32,300,000, compared to a loss of approximately HKD 69,040,000 in 2023, resulting in a profit margin of about 9.3%[32] Assets and Liabilities - Total assets increased to HKD 551,788,000 in 2024, up from HKD 278,103,000 in 2023[6] - Cash and cash equivalents rose to HKD 141,480,000 in 2024, compared to HKD 63,332,000 in 2023[6] - The company reported a current ratio of 1.3 in 2024, down from 2.2 in 2023, indicating tighter liquidity[6] - The debt-to-asset ratio increased to 65.1% in 2024, up from 52.0% in 2023, reflecting higher leverage[6] - The total assets minus current liabilities as of December 31, 2024, were HKD 364,074,000, compared to HKD 191,036,000 in 2023[12] - The net asset value of the company increased to HKD 192,593,000 in 2024 from HKD 133,459,000 in 2023[12] - The bank borrowings as of December 31, 2024, amounted to approximately HKD 114,490,000, with a portion secured by properties owned by related parties[44] - The debt-to-equity ratio as of December 31, 2024, was 59.4%, calculated based on bank borrowings divided by total equity[48] Revenue Breakdown - The revenue from the zipper business was approximately HKD 237,880,000, reflecting a slight increase of about 1.8% from HKD 233,680,000 in 2023[21] - The property management service generated revenue of approximately HKD 95,501,000, a significant increase of about 190.5% compared to HKD 32,871,000 in the previous year, as it contributed a full year's revenue versus only four months in the prior year[14] - Revenue from mainland China accounted for approximately HKD 224,380,000, representing 94.3% of the total zipper business revenue[22] Operational Strategies - The company plans to expand its market presence and invest in new product development to drive future growth[5] - The company plans to continuously review and adjust its operational policies for the zipper business to stabilize performance amid external pressures[15] - The company successfully turned a loss into a profit by adjusting operational strategies and diversifying its business in a challenging economic environment[65] - The introduction of property management services aims to diversify the business model and achieve stable cash flow, contributing to the company's profitability[66] Employee and Management - Employee costs for 2024 were approximately HKD 131,120,000, an increase from HKD 115,870,000 in 2023, attributed to a rise in the number of full-time employees and average salaries[58] - The group had 696 full-time employees as of December 31, 2024, compared to 655 in 2023[58] - The company provided various employee benefits, including free meals and dormitory accommodations for factory workers[147] - The company implemented a health and safety policy in compliance with relevant laws, ensuring a safe working environment[150] - The company conducted annual occupational health checks for employees to mitigate health risks[152] Corporate Governance - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[77] - The company has complied with all corporate governance code provisions during the reporting period, with specific deviations disclosed[75] - The chairman and CEO roles are held by the same individual, which is a deviation from the governance code, but the board believes this structure allows for effective decision-making[81] - The audit committee held five meetings during the fiscal year ending December 31, 2024, to review financial performance and compliance procedures[93] - The remuneration committee conducted four meetings in the same fiscal year to evaluate the compensation policies for directors and senior management[95] Environmental Management - The company adheres to ISO standards and relevant national laws in its environmental management policies, focusing on waste reduction and energy conservation[129] - The company has not reported any violations of the Environmental Protection Law of the People's Republic of China during the fiscal year ending in 2024[131] - The company has obtained the Pollution Discharge Permit from the Environmental Protection Bureau, ensuring emissions comply with national standards[135] - The company continuously improves its waste gas emission systems to further reduce environmental impact[135] - The company encourages employees to recycle resources to minimize environmental impact during daily operations[129] Social Responsibility - The group established the "Kaiyi Public Welfare Foundation" to provide financial assistance to employees in need, demonstrating its commitment to corporate social responsibility[172] - The group has suspended corporate social responsibility program activities in fiscal year 2024 due to internal restructuring and operational adjustments, while still providing targeted assistance through the foundation[172] - The group conducts anti-corruption training to enhance employees' awareness of integrity and compliance with national and regional anti-corruption laws[170] Customer Relations - The largest customer accounted for 28.6% of total revenue in 2024, up from 7.4% in 2023[200] - The top five customers represented 45.7% of total revenue in 2024, compared to 29.5% in 2023[200] - All top five customers are independent third parties, with no significant shareholders having interests in them[200]

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 333,376,000, representing a 25.1% increase from HKD 266,548,000 in 2023[2] - Gross profit increased by 58.8% to HKD 175,509,000 in 2024, compared to HKD 110,540,000 in 2023[2] - The company achieved a net profit of HKD 32,904,000 for the year, recovering from a loss of HKD 79,869,000 in the previous year[3] - The company reported a total comprehensive income of HKD 27,164,000 for the year, compared to a loss of HKD 84,006,000 in 2023[4] - The company’s basic earnings per share improved to HKD 5.6 in 2024, recovering from a loss of HKD 12.4 in 2023[3] - The company reported a pre-tax profit of HKD 63,685,000 in 2024, a turnaround from a pre-tax loss of HKD 70,602,000 in 2023[19] - The net profit attributable to equity shareholders for the year ended December 31, 2024, was approximately HKD 32,300,000, compared to a loss of HKD 69,040,000 in 2023, resulting in a profit margin of about 9.3%[57] Assets and Liabilities - Total assets rose significantly by 98.4% to HKD 551,788,000 in 2024, up from HKD 278,103,000 in 2023[2] - Cash and cash equivalents increased by 123.4% to HKD 141,480,000, compared to HKD 63,332,000 in 2023[2] - Equity attributable to shareholders increased by 46.6% to HKD 180,866,000 in 2024, from HKD 123,378,000 in 2023[2] - Trade receivables decreased to HKD 63,106,000 in 2024 from HKD 64,220,000 in 2023, with a provision for impairment of HKD 1,044,000[32] - Total trade and other payables increased to HKD 114,904,000 in 2024 from HKD 63,320,000 in 2023[34] - The debt-to-equity ratio was 60.1% as of December 31, 2024[72] Revenue Segments - For the fiscal year ending December 31, 2024, the reportable segment revenue for manufacturing and sales of zippers is HKD 237,875,000, while property management services report HKD 95,501,000, totaling HKD 333,376,000[18] - The reportable segment loss for manufacturing and sales of zippers is HKD (2,989,000), while property management services show a profit of HKD 91,510,000, resulting in a total profit of HKD 88,521,000[18] - The property management business contributed HKD 95,500,000 in revenue for the year ended December 31, 2024, an increase of approximately 190.5% from HKD 32,870,000 in 2023[50] - Revenue from the zipper business for the year ended December 31, 2024, was approximately HKD 237,880,000, an increase of about 1.8% from HKD 233,680,000 in 2023[45] Expenses - The depreciation expense for the fiscal year ending December 31, 2024, is HKD 22,866,000, while for 2023, it was HKD 31,148,000[18] - Total employee costs rose to HKD 131,121,000 in 2024, compared to HKD 115,873,000 in 2023, marking a growth of 13%[26] - Research and development expenses increased to HKD 15,731,000 in 2024 from HKD 8,825,000 in 2023, representing an increase of 78%[27] - Administrative expenses for the year ended December 31, 2024, were approximately HKD 101,080,000, representing about 30.3% of the group's revenue, a decrease from 35.2% in 2023[55] - Distribution costs for the year ended December 31, 2024, were approximately HKD 23,500,000, accounting for about 7.0% of the group's revenue, down from 8.7% in 2023[54] Business Operations - The company began providing property management services in September 2023, marking a strategic expansion into new service offerings[7] - The company has initiated a new business segment providing property management services in mainland China starting September 2023, which is now considered a new operating and reportable segment[16] - The company continues to operate its chain business and has started providing property management services since September 2023[41] - The company has successfully transitioned from a heavy asset business model to a light asset property management model, achieving profitability through diversification[90] Governance and Compliance - The board of directors includes four independent non-executive directors, ensuring adherence to good corporate governance principles[92] - The company has established a governance structure that allows for effective decision-making and execution, despite deviations from certain governance codes[96] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[100] - The audit committee held five meetings during the year ending December 31, 2024, to review financial performance and compliance procedures[101] Future Outlook - The company maintains a cautious outlook on the macroeconomic environment while actively seeking diversification opportunities to ensure stable growth and cash flow[91] - The company plans to continue exploring innovative strategies and investment opportunities to build a sustainable development foundation[89] Shareholder Information - The board of directors did not recommend any dividend for the year ended December 31, 2024, consistent with 2023[38] - The board of directors does not recommend a final dividend for 2024, consistent with 2023[108] Capital and Investments - The company successfully placed 16,733,000 new shares at HKD 1.21 per share, raising approximately HKD 19.9 million for general working capital and future investments[103] - As of December 31, 2024, the company has utilized HKD 5.8 million of the raised funds, with HKD 12.9 million remaining for future use[105] - The company entered into a share subscription agreement to acquire 90% of the target company for RMB 9 million, enhancing operational management efficiency[106] - The company completed a significant acquisition, with the target company becoming a subsidiary as of December 31, 2024, and its financial statements will be consolidated into the group's financials[107] Legal Matters - The company is involved in two ongoing litigation cases related to intellectual property infringement, with potential claims amounting to RMB 1,000,000 each[39] Audit and Reporting - The group's financial statements for the year ending December 31, 2024, have been audited and confirmed by Yongtuo Fuxin CPA Limited[110] - The annual results announcement will be published on the Hong Kong Stock Exchange and the company's website, with the annual report available by April 30, 2025[111]

[Supplementary Announcement to the 2023 Annual Report](index=1&type=section&id=Supplementary%20Announcement%20to%20the%202023%20Annual%20Report) [Impairment Details](index=1&type=section&id=(1)%20Impairment) The company recognized impairment losses on property, plant, and equipment and right-of-use assets totaling HKD 54 million due to revised zipper business forecasts, assessed by an independent valuer using discounted cash flow [Reasons and Circumstances for Impairment](index=1&type=section&id=Reasons%20and%20circumstances%20for%20impairment%20loss) Impairment resulted from management's revised financial forecasts for the zipper business, incorporating more conservative assumptions for 2023, including a shift to negative growth and lower gross margins 2023 Impairment Loss Details | Asset Category | Impairment Loss Amount (HKD Million) | | :--- | :--- | | Property, Plant, and Equipment | 25.5 | | Right-of-Use Assets | 28.5 | Key Financial Forecast Assumptions Comparison (2023 vs 2022) | Assumption | 2023 Forecast | 2022 Forecast | | :--- | :--- | :--- | | First-Year Growth Rate | -8% | +8% | | Fifth-Year Growth Rate | 3% | 2% | | Gross Profit Margin | 31% | 32% to 34% | | Discount Rate | 10% | 11% | | Terminal Growth Rate | 2% | 2% | [Impairment Assessment Methodology and Assumptions](index=2&type=section&id=Impairment%20assessment) An independent valuer assessed the zipper business's value in use via a five-year DCF model, incorporating specific revenue growth, gross margin, terminal growth, and a 10.02% WACC discount rate - The valuer used the **discounted cash flow (DCF) method** to estimate the value in use of assets or cash-generating units, complying with **Hong Kong Accounting Standard 36**[4](index=4&type=chunk) Key Financial Forecast Input Data for Valuation | Parameter | Input Data | | :--- | :--- | | Revenue Growth Rate | -9% for 2024, then 3% to 5% | | Gross Profit Margin | 31% | | Profit Margin | -4% to 0% | | Terminal Growth Rate | 2% | Key Parameters for Weighted Average Cost of Capital (WACC) Calculation | Parameter | Input Data | | :--- | :--- | | Risk-Free Rate | 2.56% | | Market Risk Premium | 10.02% | | Re-levered Beta | 0.57 | | Cost of Equity | 11.17% | | Cost of Debt | 4.90% | | **Weighted Average Cost of Capital (WACC)** | **10.02%** | [Update on Use of Proceeds from Fund-raising Activities](index=5&type=section&id=(2)%20Fund-raising%20Activities) The company updated the use of HKD 68.6 million from a 2022 share placement, with HKD 30 million remaining unutilized by year-end 2023, expected to be fully deployed by June 2024 for general operations and investments Use of Placement Proceeds and Progress (As of December 31, 2023) | Intended Use | Allocated Amount (HKD Million) | Utilized (HKD Million) | Unutilized (HKD Million) | Expected Utilization Time | | :--- | :--- | :--- | :--- | :--- | | General Working Capital, Business Opportunities, and Investments | 68.6 | 38.6 | 30.0 | June 30, 2024 | - There has been **no change** to the intended use of proceeds from the placement[9](index=9&type=chunk) [New Share Option Scheme Update](index=5&type=section&id=(3)%20New%20Share%20Option%20Scheme) The company adopted a new share option scheme on May 30, 2023, granting 55,776,480 options to directors, reaching the 10% authorized limit, with no cancellations by year-end 2023 - The company granted a total of **55,776,480 share options** to executive directors and the investment director in 2023, representing **10%** of the issued shares on the adoption date[10](index=10&type=chunk) - As of **November 29, 2023**, the maximum number of share options grantable under the new scheme has been reached[10](index=10&type=chunk) - For the year ended **December 31, 2023**, the number of granted share options cancelled was **zero**[10](index=10&type=chunk)[11](index=11&type=chunk)

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 160,386,000, representing a 30.0% increase from HKD 123,386,000 in the same period of 2023[1]. - Gross profit for the same period was HKD 88,910,000, up 108.7% from HKD 42,594,000, resulting in a gross margin of 55.4% compared to 34.5%[1]. - Net profit attributable to equity shareholders for the period was HKD 10,846,000, a significant increase of 220.0% from HKD 3,394,000 in 2023[2]. - Basic earnings per share increased to HKD 1.9 from HKD 0.6, reflecting a growth of 216.7%[2]. - The company reported a pre-tax profit of HKD 24,082,000, compared to HKD 5,861,000 in the previous year[2]. - The company’s total comprehensive income for the period was HKD 10,533,000, compared to HKD 5,910,000 in 2023[3]. - The group reported a total segment profit of HKD 47,740 thousand for the period ending June 30, 2024, compared to HKD 8,776 thousand in the same period of 2023, showcasing improved profitability[14]. - The profit attributable to equity shareholders increased to approximately HKD 10,850,000 for the six months ending June 30, 2024, compared to approximately HKD 3,390,000 for the same period in 2023, resulting in a profit margin of about 6.76%[36]. Assets and Liabilities - Total assets as of June 30, 2024, were HKD 346,120,000, a 24.5% increase from HKD 278,103,000 at the end of 2023[1]. - Cash and cash equivalents attributable to equity shareholders rose to HKD 75,977,000, a 20.0% increase from HKD 63,332,000[1]. - Total equity attributable to equity shareholders increased to HKD 157,941,000, up 28.0% from HKD 123,378,000[5]. - The group’s total assets for the reporting segments reached HKD 302,358 thousand as of June 30, 2024, compared to HKD 240,347 thousand as of June 30, 2023[12]. - The group’s total liabilities for the reporting segments amounted to HKD 155,456 thousand as of June 30, 2024, compared to HKD 79,428 thousand as of June 30, 2023, reflecting an increase in financial obligations[12]. Revenue Segments - The new property management services segment contributed HKD 45,271 thousand in revenue for the period ending June 30, 2024, which was not present in the previous year[15]. - The property management business contributed HKD 45,271,000 to total revenue for the six months ended June 30, 2024, while there was no revenue from this segment in the same period of 2023[31]. - The zipper business generated revenue of approximately HKD 115,115,000 for the six months ended June 30, 2024, a decrease of about 6.7% from HKD 123,386,000 in the same period of 2023[32]. - The revenue from the mainland China market for the zipper business was approximately HKD 108,337,000, accounting for 94.1% of total zipper revenue[32]. Expenses - The group incurred employee costs of HKD 64,700 thousand for the period ending June 30, 2024, up from HKD 51,051 thousand in the same period of 2023, reflecting a rise in operational expenses[16]. - Distribution costs increased by approximately 21.0% from about HKD 9,070,000 in 2023 to about HKD 10,970,000 for the six months ending June 30, 2024, primarily due to increased sales activities and advertising[35]. - Administrative expenses rose by approximately 46.5% from about HKD 32,570,000 in 2023 to about HKD 47,720,000 for the six months ending June 30, 2024, mainly due to increased professional fees related to business development and share-based payments of about HKD 5,520,000[35]. Cash Flow - The net cash inflow from operating activities for the six months ended June 30, 2024, is approximately HKD 10,820,000, a significant improvement from a net outflow of HKD 16,550,000 for the same period in 2023[44]. - The net cash outflow from investing activities for the six months ended June 30, 2024, is approximately HKD 18,500,000, primarily due to payments for the purchase of properties, plants, and equipment[44]. - As of June 30, 2024, cash and cash equivalents amount to approximately HKD 75,980,000, an increase of about HKD 12,650,000 compared to December 31, 2023[44]. Corporate Governance and Future Plans - The group has maintained strict corporate governance guidelines and has complied with all provisions of the corporate governance code, except for the absence of some independent non-executive directors at the annual general meeting[52]. - The company plans to adopt new accounting policies effective January 1, 2024, which are not expected to have a significant impact on the financial statements[9]. - The group plans to enhance automation, improve production processes, and strengthen financial management to address the complex operating environment and improve competitiveness[29]. - The group aims to explore other business or investment opportunities to establish a healthy and secure development model for stable returns to shareholders[30]. Shareholder Information - The company does not recommend any interim dividend for the six months ended June 30, 2024[26]. - The net proceeds from the placement of 16,733,000 new shares at HKD 1.21 per share amounted to approximately HKD 19,890,000, intended for general working capital and future business investments[55].

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 266,548,000, an increase of 23.7% from HKD 215,578,000 in 2022[4] - The gross profit for 2023 was HKD 110,540,000, representing a significant increase of 58.6% compared to HKD 69,710,000 in 2022, with a gross margin improvement from 32.3% to 41.5%[18] - The operating loss for the year was HKD 67,378,000, compared to an operating profit of HKD 4,395,000 in 2022, indicating a decline of approximately HKD 71,773,000[12] - The net loss attributable to equity shareholders for 2023 was HKD 69,043,000, compared to a loss of HKD 1,888,000 in 2022[4] - The group recorded a net loss of approximately HKD 79,869,000 for the year, compared to a profit of HKD 658,000 in 2022, indicating a substantial decline in overall performance[45] Revenue and Cost Analysis - The total sales cost for 2023 was approximately HKD 156,010,000, reflecting an increase of about 6.95% from HKD 145,870,000 in 2022[18] - Employee costs rose to approximately HKD 115,870,000 in 2023, up from HKD 93,290,000 in 2022, primarily due to an increase in the number of full-time employees and average salaries[33] - The net cash generated from operating activities for 2023 was HKD 1.30 million, a significant decrease from HKD 15.65 million in 2022, representing a decline of approximately 91.7%[56] - The net cash used in investing activities for 2023 was HKD (8.36) million, compared to HKD (13.65) million in 2022, indicating an improvement of approximately 38.5%[56] - The net cash used in financing activities for 2023 was HKD (33.38) million, a decrease from HKD 50.53 million in 2022, reflecting a change of approximately 165.9%[56] Asset and Liability Management - The total assets less current liabilities amounted to HKD 191,036,000, a decrease from HKD 228,200,000 in 2022[6] - Current assets as of December 31, 2023, totaled approximately HKD 107,680,000, with cash and cash equivalents amounting to HKD 63,330,000[29] - Lease liabilities increased to approximately HKD 72,010,000 in 2023 from HKD 43,090,000 in 2022, indicating a rise in the group's leasing commitments[25] - The group reported trade and other receivables of approximately HKD 103,750,000 as of December 31, 2023[29] - The company has a net inventory value of approximately HKD 27,090,000 as of December 31, 2023[101] Business Expansion and Strategy - The company has expanded into property management services starting from September 2023, which is expected to provide stable and robust income[17] - The group aims to diversify its business by introducing property management services, which are expected to provide stable cash flow and reduce operational risks[44] - The company plans to review its business strategies and explore other investment opportunities to ensure stable returns for shareholders[93] - The company is adopting a conservative approach towards the development of its zipper business due to ongoing geopolitical uncertainties and rising costs[92] Corporate Governance - The company adhered to all provisions of the corporate governance code for the year ending December 31, 2023, with exceptions noted[110] - The board consists of nine members, including four executive directors and four independent non-executive directors, ensuring a diverse governance structure[112] - The audit committee held three meetings during the year to review financial performance and compliance procedures[128] - The company has adopted a standard code of conduct for securities trading by directors, ensuring compliance and accountability[111] - The board is committed to maintaining high standards of corporate governance to protect shareholder interests[108] Environmental Compliance - The group adheres to ISO standards, such as ISO 14001, and has implemented an environmental management system to regulate its design, production, and sales processes[196] - Compliance with Chinese environmental laws, including the Environmental Protection Law and Solid Waste Pollution Prevention Law, is strictly maintained[197] - The company emphasizes the importance of resource recycling and aims to minimize environmental impact during daily operations[196] - The group evaluates the emissions of air pollutants, greenhouse gases, and wastewater to ensure compliance with Chinese regulations[197] - The company is committed to reducing waste and energy consumption as part of its environmental policy[196]