Revenue Performance - The group's revenue from semiconductor production and trading decreased by approximately 52.0% compared to the previous fiscal year[12]. - The broadband infrastructure and smart field business revenue decreased by 7.8% compared to the previous fiscal year[14]. - The group recorded a revenue of approximately HKD 120.0 million for the period, a decrease of about HKD 100.8 million or 45.7% compared to the revenue of approximately HKD 220.8 million for the year ended December 31, 2023[37]. - The semiconductor business faced significant challenges, with total revenue of approximately HKD 85.4 million, down about HKD 92.6 million or 52.0% from approximately HKD 178.0 million for the year ended December 31, 2023[37]. - The broadband infrastructure and smart venue segment contributed approximately HKD 34.6 million in revenue, a decrease of about HKD 8.3 million or 19.3% compared to approximately HKD 42.9 million for the year ended December 31, 2023[37]. Profitability and Financial Challenges - The gross profit (before inventory provision) for the period was approximately HKD 6.7 million, a decrease of about HKD 21.6 million or 76.3% compared to approximately HKD 28.3 million for the year ended December 31, 2023[39]. - The overall gross profit margin (before inventory provision) was approximately 5.6%, down about 7.2 percentage points from approximately 12.8% for the year ended December 31, 2023[39]. - The group recorded an inventory provision of HKD 13.2 million due to poor performance in the semiconductor business[43]. - The group reported a net loss of approximately HKD 127.9 million for the period, compared to a net loss of approximately HKD 34.1 million for the year ended December 31, 2023[56]. - The group recorded a tax expense of approximately HKD 19.4 million for the period, compared to a tax credit of approximately HKD 2.6 million for the year ended December 31, 2023[55]. Strategic Initiatives and Market Position - The company plans to allocate resources to higher profit and more stable cash flow projects to enhance profitability and maintain strong cash flow[14]. - The company has successfully entered overseas markets to develop its smart product sales business, creating a second growth curve[14]. - The company aims to leverage its advantages in smart technology to actively seize investment opportunities and enrich its asset portfolio[14]. - The company is actively seeking acquisition targets in the smart living technology sector, particularly in artificial intelligence and IoT components, to create potential business synergies[19]. - The company plans to cautiously manage its semiconductor operations due to ongoing uncertainties in the global trade environment and geopolitical complexities, which have led to a slow economic recovery[27]. Market Trends and Economic Environment - The ongoing geopolitical tensions and macroeconomic instability continue to impact consumer confidence in traditional consumer electronics, affecting the group's production and trading performance[12]. - The demand for broadband infrastructure construction and smart field solutions has significantly decreased due to liquidity issues in the real estate sector in China[13]. - The global economic environment remains unpredictable, with concerns over high inflation and interest rates suppressing consumer market growth, particularly in the consumer electronics sector[16]. - The semiconductor business is expected to face challenges due to ongoing trade tensions and geopolitical conflicts, impacting the global semiconductor supply chain[72]. Corporate Governance and Compliance - The company aims to maintain high standards of corporate governance to ensure sustainable growth and maximize shareholder value[145]. - The audit committee, established on September 23, 2015, is responsible for reviewing the integrity of financial statements and overseeing risk management and internal control systems[158]. - The company has adopted a risk management system that includes risk identification, assessment, and management[175]. - The board consists of five members, including two women, as of January 1, 2024, promoting gender balance within the board[191]. - The company has complied with applicable laws and regulations without any known violations that could significantly impact its business and operations[123]. Employee and Operational Insights - The group employed 267 full-time employees as of December 31, 2024, with approximately 97.0% in China and 3.0% in Hong Kong[67]. - Employee costs for the group were approximately HKD 42.3 million and HKD 44.9 million for the years ending December 31, 2024, and 2023, respectively[67]. - The company has implemented debt collection procedures to minimize credit risk, including closer monitoring of overdue debts and more frequent communication with clients[51]. Investment and Financial Assets - The group’s investment in listed equity securities amounted to a total purchase cost of approximately HKD 323.5 million during the period[30]. - The fair value change of financial assets recognized in profit or loss resulted in an unrealized loss of approximately HKD 11.1 million at the end of the period[30]. - The book value of listed equity securities decreased to approximately HKD 48.2 million as of December 31, 2024, from approximately HKD 69.3 million at the beginning of the year[31]. - The group recorded a realized loss of approximately HKD 20.3 million from the sale of listed equity securities and an unrealized fair value loss of about HKD 11.1 million as of December 31, 2024, totaling approximately HKD 31.4 million in other income and losses[44]. Dividend Policy and Shareholder Returns - No final dividend was recommended for the current period, consistent with the previous year[69]. - The board of directors did not recommend any final dividend for the period, and no interim dividends were declared[92]. - The board's dividend policy aims to maintain sufficient cash reserves to meet operational funding requirements and future growth while enhancing shareholder value[196]. - The board will review the dividend policy periodically and has the discretion to update or amend it as deemed appropriate[197].

聚焦创投圈投融资最新情报。 炜璨医疗完成数千万元天使轮融资 炜璨医疗宣布完成数千万元天使轮融资。本轮融资由元禾原点和诺庾资本联合领投，南京江北科投跟 投。本轮资金将用于加快第一代产品上市步伐，加速新一代产品研发，并迅速推动颠覆性创新产品的项 目落地。 炜璨医疗成立于2023年4月，专注于微创植入式给药装置（PORT）的新技术研发与应用。公司始终聚焦 在这一细分领域，致力于以PORT为平台，不断创新突破开发更多的应用场景，并加快信息化数字化底 层产品，完成新产品的革命性创新。 爱连健康完成Pre-A轮融资 武汉爱连健康科技有限公司（以下简称"爱连健康"）完成Pre-A轮融资，夏尔巴投资独家注资。本轮融 资资金将重点投向爱连健康到家医护服务体系的升级与AI中台的建设。 爱连健康是一家数字化医疗健康服务平台。基于医疗供应链和医疗大数据，打通需求端、供给端和支付 端闭环，建立线上线下管家式医疗服务系统，为用户提供全生命周期的医疗健康服务。 睿健医药完成超2亿元融资 通用型化学诱导细胞治疗药物企业-睿健医药科技有限公司（以下简称"睿健医药"或"公司"）宣布完成 B+轮融资，短短数月间迅速完成两轮超亿元融资，合计融资金额 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 119,991,000, a decrease of 45.5% compared to HKD 220,807,000 in 2023[2] - Gross loss for the year was HKD 6,452,000, compared to a gross profit of HKD 27,628,000 in the previous year[2] - The net loss for the year was HKD 127,879,000, significantly higher than the net loss of HKD 34,116,000 in 2023, representing a 275.5% increase in losses[2] - The group recorded a loss of approximately HKD 127,879,000 for the year ending December 31, 2024[8] - The group reported a total loss before tax of HKD 108,468,000 in 2024, compared to a loss of HKD 36,676,000 in 2023[16] - The group reported a net loss of approximately HKD 127.9 million for the current period, compared to a net loss of approximately HKD 34.1 million for the year ended December 31, 2023[57] Revenue Breakdown - Revenue from electronic product manufacturing decreased to HKD 55,034,000 in 2024 from HKD 92,493,000 in 2023, a decline of approximately 40.5%[13] - Revenue from electronic product trading also fell to HKD 30,361,000 in 2024 from HKD 85,453,000 in 2023, a decline of approximately 64.5%[13] - The semiconductor business recorded a gross loss of approximately HKD 3.3 million, a decrease of about HKD 15.2 million or 127.8% compared to a gross profit of approximately HKD 11.9 million for the year ended December 31, 2023[47] - The revenue from self-produced semiconductor sales was approximately HKD 55.0 million, a decrease of about HKD 37.5 million or 41% from approximately HKD 92.5 million for the year ended December 31, 2023[42] - The revenue from semiconductor trading was approximately HKD 30.4 million, down about HKD 55.1 million or 64.4% from approximately HKD 85.5 million for the year ended December 31, 2023[43] Assets and Liabilities - Total assets decreased to HKD 121,278,000 from HKD 215,308,000, reflecting a decline of 43.7%[3] - Current liabilities increased to HKD 211,128,000 from HKD 124,195,000, indicating a rise of 70.0%[3] - The company reported a significant increase in administrative expenses to HKD 53,392,000 from HKD 50,377,000, an increase of 4.0%[2] - As of December 31, 2024, the group's current liabilities and asset deficit were approximately HKD 89,850,000 and HKD 59,069,000, respectively[8] - The group had no outstanding bank borrowings as of December 31, 2024, maintaining a conservative financial policy[59] Cash Flow and Financial Management - The company's cash and cash equivalents decreased to HKD 26,568,000 from HKD 42,473,000, a decline of 37.4%[3] - The group has cash and bank balances of only approximately HKD 26,568,000[8] - The group expects to meet its financial obligations based on cash flow forecasts prepared by management[9] - The group has established a financial risk management policy to ensure all payables are settled within the credit period of 30 to 180 days[26] Cost Management and Expenses - The group’s total employee costs amounted to HKD 42,342,000 in 2024, down from HKD 44,905,000 in 2023, indicating a decrease of 5.7%[20] - Research and development costs were HKD 5,079,000 in 2024, a decrease of 46.4% from HKD 9,477,000 in 2023[20] - The total administrative expenses for the current period were approximately HKD 53.4 million, an increase of about HKD 3.0 million or 6.0% compared to approximately HKD 50.4 million for the year ended December 31, 2023[50] Market Challenges and Strategic Focus - The semiconductor business outlook is expected to be challenging due to ongoing trade tensions and geopolitical complexities affecting the global semiconductor supply chain[68] - The group is facing challenges in the broadband infrastructure and smart domain business due to regulatory impacts and reduced market demand[28] - The group aims to optimize its product mix and resources towards higher profit projects while exploring opportunities in smart product business[29] - The company is focused on becoming a solution integrator in the smart domain and will continue to seek acquisition targets related to smart living technologies and AI[71] Corporate Governance - The company is committed to high standards of corporate governance, which is crucial for sustainable growth and maximizing shareholder value[73] - The board of directors believes that the current governance arrangements are appropriate and beneficial for maintaining operational stability[74] - The audit committee has confirmed that the financial performance was prepared in accordance with applicable accounting standards and listing rules[79]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 83,084,000, a decrease of 37.5% compared to HKD 132,855,000 for the same period in 2023[2] - Gross profit for the same period was HKD 10,938,000, down 53.7% from HKD 23,581,000 year-over-year[2] - The company achieved a profit before tax of HKD 1,102,000, a significant recovery from a loss of HKD 16,980,000 in the previous year[2] - Net profit for the period was HKD 652,000, compared to a loss of HKD 18,417,000 in the same period last year[2] - Basic and diluted earnings per share were HKD 0.08, recovering from a loss of HKD 2.3 per share in the prior year[2] - The group reported a profit of 652,000 HKD for the six months ended June 30, 2024, compared to a loss of 18,417,000 HKD for the same period in 2023[22] - The gross profit for the period was approximately HKD 10.9 million, a decrease of about HKD 11.7 million or 49.6% compared to HKD 23.6 million in the previous period[52] - The net profit for the period was approximately HKD 0.7 million, an increase of about HKD 19.1 million compared to a net loss of HKD 18.4 million in the previous period[57] Assets and Liabilities - Total assets increased to HKD 249,042,000 as of June 30, 2024, compared to HKD 215,308,000 at the end of 2023[3] - Current liabilities decreased to HKD 121,277,000 from HKD 124,195,000 at the end of 2023, indicating improved liquidity[3] - The company reported a net current asset value of HKD 127,765,000, up from HKD 91,113,000 at the end of 2023[3] - Non-current liabilities increased to HKD 115,750,000 from HKD 88,239,000, reflecting changes in financial obligations[4] - The company’s total equity as of June 30, 2024, was HKD 71,228,000, an increase from HKD 66,762,000 at the end of 2023[4] - Total liabilities increased to HKD 237,027 thousand from HKD 212,434 thousand, reflecting a rise of 11.6%[15] Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HKD 83,084 thousand, a decrease of 36.4% compared to HKD 130,942 thousand for the same period in 2023[13] - Revenue from electronic product manufacturing was HKD 34,559 thousand, down 40.4% from HKD 57,930 thousand year-on-year[13] - Revenue from electronic product trading decreased by 56.5% to HKD 22,859 thousand from HKD 52,507 thousand[13] - Broadband infrastructure construction services generated revenue of HKD 13,645 thousand, an increase of 39.0% from HKD 9,797 thousand[13] - Revenue from broadband infrastructure construction services for the six months ended June 30, 2024, was 1,515 thousand HKD, compared to 4,713 thousand HKD in the same period of 2023, indicating a significant decrease[34] Cash Flow and Investments - Operating cash flow before changes in working capital was negative HKD 12,631,000, a significant decline from negative HKD 1,477,000 in the previous year[6] - Cash and cash equivalents increased by HKD 2,785,000, reaching HKD 45,838,000 at the end of the period, compared to HKD 44,825,000 in the previous year[7] - The net cash generated from investing activities was HKD 844,000, down from HKD 1,213,000 in the same period last year[7] - Financing activities generated a net cash inflow of HKD 26,583,000, a turnaround from a cash outflow of HKD 7,348,000 in the previous year[7] - The company invested approximately HKD 296.5 million in listed equity securities and options during the period, with net proceeds from sales of about HKD 290.4 million, resulting in a net realized gain of approximately HKD 41.1 million[50] Costs and Expenses - Research and development costs decreased to 2,232,000 HKD from 4,855,000 HKD year-over-year, indicating a reduction of approximately 54%[20] - Total employee costs amounted to 22,305,000 HKD, down from 23,336,000 HKD, reflecting a decrease of about 4.4%[20] - Administrative expenses for the period were approximately HKD 24.6 million, a decrease of about HKD 1.1 million or 4.2% from HKD 25.7 million in the previous period[55] Corporate Governance and Structure - The company is committed to high standards of corporate governance, with a clear division of responsibilities between the chairman and the CEO, although the CEO position has been vacant since February 1, 2021[74] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial results for the period and confirmed compliance with applicable accounting standards[77] Market and Strategic Outlook - The company aims to diversify its investment portfolio and is exploring opportunities in cryptocurrency and blockchain technology[49] - The company is adopting a more cautious approach in project management and resource allocation to optimize its product mix amid challenges in the real estate sector[43] - The broadband infrastructure sector faces profitability pressure due to national policies promoting lower broadband costs, impacting long-term expansion capabilities[43] - The global semiconductor market is experiencing increased competition, particularly in the assembly and packaging segments, where the company operates[45] - The group aims to become a comprehensive solution provider in the smart domain, actively seeking acquisition targets in smart living technologies, AI, and IoT[67] Employee and Shareholder Information - The group employs 300 full-time staff, with approximately 96.7% based in China and 3.3% in Hong Kong[64] - As of June 30, 2024, the executive director Zhang Liang holds approximately 74.96% of the company's issued share capital through Yoho Bravo Limited[68] - The board does not recommend any interim dividend for the period, consistent with the previous year[66]

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 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 BRAINHOLE TECHNOLOGY LIMITED （於開曼群島註冊成立之有限公司） （股份代號：2203） 截至二零二四年六月三十日止六個月之中期業績公告 財務業績 董事會欣然宣佈本集團截至二零二四年六月三十日止六個月的未經審核簡明 綜 合 財 務 業 績，連 同 二 零 二 三 年 同 期 未 經 審 核 的 比 較 數 字 如 下： 未經審核簡明綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |-----------------------|---------------|---------------------------------------------------------------------- ...

Financial Performance - The group's revenue from semiconductor production and trading decreased by approximately 17.6% compared to the previous fiscal year due to high inflation and interest rates impacting consumer confidence [12]. - The group's broadband infrastructure and smart venue business revenue decreased by 10.0% compared to the previous fiscal year [15]. - The group recorded a revenue of approximately HKD 220.8 million for the period, a decrease of about HKD 42.8 million or 16.2% compared to the previous fiscal year revenue of approximately HKD 263.6 million, primarily due to a decline in the semiconductor business [40]. - The total revenue from the semiconductor business for the period was approximately HKD 177.9 million, a decrease of about HKD 38.0 million or 17.6% compared to approximately HKD 215.9 million in the previous fiscal year [40]. - The gross profit for the period was approximately HKD 27.6 million, a decrease of about HKD 20.9 million or 43.1% from approximately HKD 48.5 million in the previous fiscal year, mainly due to reduced revenue in the semiconductor and broadband infrastructure segments [42]. - The overall gross margin for the period was approximately 12.5%, down about 5.9 percentage points from approximately 18.4% in the previous fiscal year [42]. - The group recorded a net loss for the period of approximately HKD 34.1 million, compared to a net loss of HKD 57.6 million for the previous year [60]. - The group recorded a trade receivables, contract assets, and receivables from related companies impairment reversal of approximately HKD 0.4 million, compared to an impairment loss of HKD 10.7 million in the previous year [52]. Market Conditions - The semiconductor business outlook remains challenging due to ongoing US-China trade tensions and geopolitical conflicts affecting the global semiconductor supply chain [16]. - Concerns over high inflation and interest rate hikes are expected to further suppress growth momentum in the consumer market [16]. - The overall recovery of customer orders remains uncertain, with semiconductor clients generally slowing down new order placements [12]. - The consumer electronics market is experiencing extended replacement cycles, with no clear signs of growth momentum at present [78]. - The group continues to face intense competition from both large multinational companies and small local players in the semiconductor market [12]. Strategic Focus and Investments - The group aims to strengthen production processes and quality control in response to increasing customer demands for higher technical standards [16]. - The group plans to seek acquisition targets in smart living-related technologies and electronic components in AI and IoT sectors to create potential business synergies [19]. - The group will actively monitor market and industry trends to seize investment opportunities arising from technological innovation, including diversification into Web 3.0 [19]. - The group aims to diversify its investment portfolio by exploring opportunities in blockchain and Web 3.0 technologies [29]. - The strategic investment business was initiated in the second half of 2022, focusing on technology innovation and emerging applications in smart living [27]. Operational Management - The group is adopting a more cautious approach to cost management and project selection, focusing resources on higher profit and more stable cash flow projects [15]. - The company emphasizes quality assurance at all operational stages to understand and anticipate customer needs [6]. - The group has a good reputation for providing quality products and value-added solutions, which is a key driver for its growth [5]. - The company has established a new construction service framework agreement with Shidi Group, which will last for three years and is expected to generate service fees totaling up to RMB 8.0 million (approximately HKD 9.8 million) over the term [141]. Corporate Governance - The board of directors is responsible for the overall management of the company, including the approval of financial statements and risk management systems [159]. - The company has established three board committees: audit committee, nomination committee, and remuneration committee, to assist in fulfilling its responsibilities [165]. - The audit committee held 2 meetings during the period, reviewing the group's accounting principles and financial reporting systems [167]. - The company has adopted a risk management system to manage business and operational risks, which includes risk identification, assessment, and management [182]. - The company has engaged an external independent consultant for semi-annual reviews of its risk management and internal control systems to maintain high corporate governance standards [184]. Employee and Diversity - The gender ratio of employees, including management, is 1.37:1 as of December 31, 2023, indicating a focus on gender diversity within the workforce [197]. - The company has adopted a nomination policy to ensure a diverse board composition, considering factors such as skills, experience, and gender diversity [192]. - The board currently consists of five members, with two being female, reflecting a commitment to gender balance and diversity [195]. - The company emphasizes the importance of employee diversity and will continue to implement its nomination policy without gender restrictions [196]. Environmental and Social Responsibility - The company has not received any environmental complaints or faced significant environmental incidents during the reporting period [73]. - No charitable donations were made during the period, compared to HKD 78,000 in 2022 [147].

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 220,807,000, a decrease of 16.2% compared to HKD 263,566,000 in 2022[2] - Gross profit for the same period was HKD 27,628,000, down 43.1% from HKD 48,539,000 in the previous year[2] - The company reported a loss before tax of HKD 36,676,000, an improvement from a loss of HKD 61,729,000 in 2022[2] - The net loss for the year was HKD 34,116,000, compared to a net loss of HKD 57,612,000 in the prior year, indicating a 40.9% reduction in losses[2] - Revenue from electronic product manufacturing was HKD 92,493,000, down 24.7% from HKD 122,762,000 in the previous year[15] - Revenue from electronic product trading was HKD 85,453,000, a decrease of 8.5% compared to HKD 93,178,000 in 2022[15] - The broadband infrastructure and smart domain segment generated revenue of HKD 42,861,000, down 10.0% from HKD 47,626,000 in 2022[18] - The group reported a pre-tax loss of HKD 36,676,000 in 2023, compared to a loss of HKD 61,729,000 in 2022[18] - The company’s loss for the year 2023 was HKD 34,116,000, compared to a loss of HKD 57,612,000 in 2022, representing a 40.8% improvement[25] Assets and Liabilities - Total assets decreased to HKD 215,308,000 from HKD 261,208,000, reflecting a decline of 17.6%[3] - Current liabilities also decreased to HKD 124,195,000 from HKD 150,374,000, a reduction of 17.4%[3] - The total assets of the group decreased to HKD 279,182,000 in 2023 from HKD 333,417,000 in 2022, representing a decline of 16.3%[19] - The total liabilities of the group decreased to HKD 212,434,000 in 2023 from HKD 231,838,000 in 2022, a reduction of 8.4%[19] - Trade receivables decreased to HKD 70,622,000 in 2023 from HKD 91,083,000 in 2022, reflecting a decline of 22.5%[26] - The total amount of trade and other receivables was HKD 65,814,000 in 2023, down from HKD 94,982,000 in 2022, a decline of 30.8%[26] - The company’s trade payables decreased to HKD 47,937,000 in 2023 from HKD 59,129,000 in 2022, a decrease of 19.1%[30] - The group had no outstanding bank borrowings as of December 31, 2023, compared to HKD 7.3 million in 2022[75] - The asset-to-liability ratio as of December 31, 2023, was zero, compared to 7.2% as of December 31, 2022[75] Expenses and Cost Management - The company has reported a significant reduction in administrative expenses, which fell to HKD 50,999,000 from HKD 63,797,000, a decrease of 20.1%[2] - Total employee costs for 2023 amounted to HKD 44,905,000, a decrease of 2.6% from HKD 46,102,000 in 2022[23] - The R&D expenses for 2023 were HKD 9,477,000, a decrease from HKD 10,018,000 in 2022, reflecting a reduction of 5.4%[23] - Selling and distribution costs increased to approximately HKD 9.0 million, an increase of about HKD 2.2 million or 32.4% compared to approximately HKD 6.8 million for the fiscal year ending December 31, 2022[62] Strategic Focus and Investments - The company is focusing on expanding its broadband infrastructure services and smart field solutions as part of its growth strategy[7] - The strategic investment business was initiated in the second half of 2022, aiming to leverage opportunities in innovative technology and cryptocurrency[42] - The company plans to strengthen and diversify its investment portfolio, with a timely increase in cryptocurrency investments[45] - The company is exploring opportunities to invest in cryptocurrencies as part of its strategy to capture new opportunities in blockchain and Web 3.0[44] - The group plans to seek acquisition targets focused on intelligent living-related technologies and electronic components in artificial intelligence and the Internet of Things[90] Market Challenges - The semiconductor business experienced a revenue decline of approximately 17.6% compared to the previous fiscal year, attributed to various market pressures[40] - The overall economic recovery remains uncertain, with signs of potential recession affecting customer order volumes in the semiconductor sector[40] - The semiconductor business outlook is expected to be challenging due to ongoing trade tensions between the US and China, as well as geopolitical complexities affecting the global semiconductor supply chain[86] - The company continues to face challenges from government policies affecting the telecommunications industry, impacting profitability[36] Corporate Governance - The company is committed to high standards of corporate governance, which is essential for sustainable growth and maximizing shareholder value[92] - The Chairman and CEO roles are distinct, with the CEO position remaining vacant since February 1, 2021, to maintain operational stability[94] - The board held only 2 regular meetings during the period, but deemed this sufficient due to the management of daily operations by executive directors[96] - The Audit Committee, consisting of three independent non-executive directors, has confirmed that the annual performance was prepared in accordance with applicable accounting standards and listing rules[102] - The company believes that the current governance arrangements are appropriate and will continue to assess the effectiveness of its structure as the business grows[94] Future Outlook - The group anticipates benefiting from the Chinese government's strong support for the development of 5G networks, artificial intelligence, and big data processing[89] - The group aims to strengthen its production processes and quality control while closely monitoring macroeconomic changes to seize market opportunities[88] - The company will closely monitor and evaluate the performance of its listed equity securities to make timely and appropriate adjustments to its investment portfolio[50]

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倚賴該等內容而引致的任何損失承擔任何責任。 BRAINHOLE TECHNOLOGY LIMITED (cid:20431) (cid:15324) (cid:18575) (cid:12606) (cid:13767) (cid:25870) (cid:8234) (cid:8886) （於開曼群島註冊成立之有限公司） (cid:28625)(cid:20319)(cid:7611)(cid:7585)(cid:21789)(cid:28643)2203(cid:28626) 有 關 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 年 報 的 補 充 公 告 茲提述腦 洞科技有限公司（「本公司」）截至二零二二年十二月三十一日止年度 的年報（「二零二二年年報」）。除另有說明外，本公告所用詞彙與二零二二年年 報所界定者具有相同涵義。 除二零二二年年報第10頁所載「管理層討論及分析－業務回顧－(iii)戰略投資業 務－上市股本證 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 132,855,000, a decrease of 17.4% compared to HKD 160,834,000 in the same period of 2022[1] - Gross profit for the same period was HKD 23,581,000, down 18.3% from HKD 28,838,000 year-on-year[1] - The company reported a loss before tax of HKD 16,980,000, compared to a loss of HKD 5,203,000 in the previous year, indicating a significant increase in losses[1] - The net loss for the period was HKD 18,417,000, which is a 136.1% increase from HKD 7,795,000 in the prior year[1] - Total revenue from customer contracts for the six months ended June 30, 2023, was HKD 130,942,000, down 17% from HKD 157,658,000 in the same period of 2022[17] - Revenue from the production of electronic products decreased to HKD 57,930,000, a decline of 15% compared to HKD 68,267,000 in the previous year[17] - Revenue from electronic product trading also fell by 27% to HKD 52,507,000 from HKD 72,136,000 year-on-year[17] - The broadband infrastructure construction services revenue increased to HKD 9,797,000, up 71% from HKD 5,711,000 in the same period of 2022[17] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 243,212,000, down from HKD 261,208,000 at the end of 2022[2] - Current liabilities decreased slightly to HKD 144,934,000 from HKD 150,374,000 at the end of 2022[2] - The total assets as of June 30, 2023, were HKD 314,490,000, a decrease of 5.7% from HKD 333,417,000 at the end of 2022[23] - The total liabilities as of June 30, 2023, were HKD 231,354,000, showing a slight decrease of 0.2% from HKD 231,838,000 at the end of 2022[23] Cash Flow and Investments - Cash and cash equivalents increased to HKD 44,825,000 from HKD 26,151,000, reflecting improved liquidity[2] - Operating cash flow for the six months was HKD 23,197,000, a significant increase from HKD 1,017,000 in the same period last year[7] - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 23,179,000, a significant increase from HKD 1,282,000 in the same period of 2022, representing a growth of approximately 1,710%[8] - The net cash used in investing activities was HKD 1,213,000, a decrease from HKD 6,754,000 in the previous year, indicating a reduction in investment outflows[8] - The net cash used in financing activities was HKD 7,348,000, a decrease of 66% from HKD 21,985,000 in the same period of 2022[8] - Cash and cash equivalents at the end of the period increased to HKD 44,825,000, compared to HKD 30,738,000 at the end of the same period last year, reflecting a growth of 46%[8] Strategic Focus and Future Outlook - The company plans to focus on new product development and market expansion strategies to enhance future performance[1] - The company anticipates that the demand for technology applications in the smart living sector will grow rapidly, driven by government support for 5G networks, artificial intelligence, IoT, cloud computing, and big data processing in China[109] - The company is actively seeking acquisition targets in smart living-related technologies and electronic components in AI and IoT, aiming for potential business synergies[110] - The company plans to diversify investments in innovative technologies and Web 3.0 to capitalize on technological advancements and create greater value for shareholders[110] Employee and Governance - The group employed 188 full-time staff as of June 30, 2023, with employee costs amounting to approximately HKD 23.3 million and HKD 25.2 million for the six months ended June 30, 2023, and June 30, 2022, respectively[105] - The company is committed to high standards of corporate governance, believing that sound governance practices are crucial for sustainable growth and maximizing shareholder interests[120] - The Audit Committee was established on September 23, 2015, with responsibilities including monitoring financial statements and overseeing the financial reporting system[124] Market Conditions and Challenges - The semiconductor business outlook for the coming year is expected to be challenging due to ongoing trade tensions between the US and China, impacting the global semiconductor supply chain and market[109] - Concerns over inflation and interest rate hikes are likely to exert downward pressure on the consumer market, with extended replacement cycles for consumer electronics such as smartphones and personal computers[109] - The group continues to face intense competition in the semiconductor assembly and packaging market[69] - There is uncertainty regarding the recovery of consumer markets, with no signs of growth momentum returning[71] Shareholder Information - As of June 30, 2023, the executive director Zhang Liang holds 599,658,000 shares, representing approximately 74.96% of the company's issued share capital[112] - Yoho Bravo Limited, a company wholly owned by Zhang Liang, also holds 599,658,000 shares, indicating significant insider ownership[113] - The board did not recommend the payment of any interim dividend for the current period, consistent with the previous year[107] - No interim dividend was declared or recommended during the period[36]

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 倚賴該等內容而引致的任何損失承擔任何責任。 BRAINHOLE TECHNOLOGY LIMITED 脑 洞 科 技 有 限 公 司 （於開曼群島註冊成立之有限公司） 2203 （股份代號： ） 截至二零二三年六月三十日止六個月之中期業績公告 董事會欣然宣佈本集團截至二零二三年六月三十日止六個月的未經審核簡明綜合財務業績， 連同二零二二年同期未經審核的比較數字如下： 未經審核簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 3 132,855 160,834 營業額 ...