Financial Performance - The group's revenue for the six months ended June 30, 2022, was approximately HKD 2,281,100,000, representing a year-on-year increase of 12.0% compared to HKD 2,036,300,000 for the same period in 2021[9]. - Gross profit decreased by 22.8% to HKD 231,400,000 from HKD 299,800,000 in the same period last year[9]. - Profit attributable to ordinary shareholders was HKD 29,500,000, a decrease of 25.3% compared to HKD 39,500,000 for the same period in 2021[9]. - The basic earnings per share for the period was HKD 0.034, compared to HKD 0.046 for the same period last year[9]. - Total sales revenue reached approximately HKD 2,281,100,000, an increase of about 12.0% compared to HKD 2,036,300,000 for the six months ended June 30, 2021[16]. - Gross profit was approximately HKD 231,400,000, a decrease of about 22.8% from HKD 299,800,000 for the six months ended June 30, 2021, with a gross margin reduced to approximately 10.1% from 14.7%[18]. - The net profit for the period was HKD 32,017,000, a decrease of 18.5% from HKD 39,252,000 in the prior year[66]. - The total comprehensive income for the period was a loss of HKD 122,428,000, compared to a profit of HKD 39,252,000 in the same period last year[66]. - The group reported a pre-tax profit of HKD 29,453,000 for the six months ended June 30, 2022, down from HKD 39,519,000 for the same period in 2021, representing a decline of about 25.5%[109]. Business Segments - The textile business contributed 83.3% and the garment business contributed 16.7% to the group's total revenue[9]. - The garment business benefited from strategic expansion into Cambodia, resulting in a significant increase in the customer base, including more European clients and new U.S. retailers[12]. - The company anticipates that the garment business will be the main source of revenue for the remainder of 2022, supported by a more diversified customer portfolio[13]. - The fabric segment generated revenue of HKD 1,899,981, while the garment segment contributed HKD 381,154, indicating a significant increase in garment revenue from HKD 176,131 in the previous year[93]. Market Conditions - Inflation and tightening monetary policy in the U.S. may continue to pressure global market sentiment, potentially hindering the recovery of the textile business[13]. - The overall market sentiment in the textile and garment industry has been negatively impacted by geopolitical tensions and pandemic-related restrictions, affecting consumer demand and production costs[6][10]. - The company will closely monitor the situation in China, where government commitments to stimulate the economy may lead to a recovery in consumer demand[13]. Expenses and Cost Management - Selling and distribution expenses decreased to approximately HKD 63,000,000 from HKD 68,400,000 for the six months ended June 30, 2021, mainly due to reduced production in the fabric business[20]. - Administrative expenses decreased to approximately HKD 157,500,000 from HKD 161,200,000 for the six months ended June 30, 2021, reflecting prudent cost control strategies[21]. - The company incurred financing costs of HKD 21,336,000, an increase from HKD 19,784,000 in the previous year[64]. - Research and development costs for the six months ended June 30, 2022, were HKD 67,792, slightly up from HKD 65,983 for the same period in 2021, reflecting an increase of about 2.7%[104]. Financial Position - As of June 30, 2022, the current ratio was approximately 2.6, up from 2.1 as of December 31, 2021, indicating improved liquidity[27]. - The total bank borrowings amounted to approximately HKD 1,775,900,000 as of June 30, 2022, down from HKD 1,815,000,000 as of December 31, 2021[27]. - The group had no significant contingent liabilities as of June 30, 2022, maintaining a stable financial position[35]. - The total assets of the group as of June 30, 2022, were HKD 4,527,586, with total liabilities amounting to HKD 2,450,403, resulting in a net asset position[82]. - Total liabilities decreased from HKD 3,982,309 thousand as of December 31, 2021, to HKD 2,450,403 thousand as of June 30, 2022, indicating a reduction of approximately 38.5%[70]. - The total current liabilities decreased from HKD 1,660,926 thousand to HKD 1,131,266 thousand, a reduction of approximately 31.7%[70]. - The company’s long-term borrowings decreased from HKD 3,532,304 thousand to HKD 1,288,902 thousand, indicating a significant reduction of about 63.5%[70]. Capital Expenditure and Investments - The group invested approximately HKD 40,800,000 in capital expenditure during the period, with about 92.2% allocated for the purchase of factories and machinery[33]. - The company reported a capital expenditure of HKD 40,826 for the six months ended June 30, 2022, compared to HKD 51,159 for the same period in 2021, indicating a decrease in investment[86]. - As of June 30, 2022, the group's capital commitments for properties, plants, and equipment amounted to approximately HKD 76,000,000, an increase from HKD 40,600,000 as of December 31, 2021[33]. Shareholder Information - The company does not recommend any interim dividend for the period, consistent with the previous year[29]. - The group has established a share option scheme to incentivize eligible participants and promote growth[41]. - As of June 30, 2022, the total equity held by directors accounted for approximately 38.69% and 11.38% of the company's issued share capital, indicating significant insider ownership[46]. - Major shareholders include Exceed Standard with 38.23% and Power Strategy with 11.04% of the issued share capital[55]. Workforce and Employment - The group employed 4,533 staff in China and 2,428 in Cambodia as of June 30, 2022, reflecting a slight increase in workforce[41]. - The group reported short-term employee benefits of HKD 13,509,000 for the six months ended June 30, 2022, slightly up from HKD 13,355,000 for the year ended December 31, 2021[121].

Financial Performance - The company reported a revenue increase of 14.7% year-on-year, from approximately HKD 3,826,800,000 in 2020 to approximately HKD 4,389,400,000 in 2021[19]. - The net profit attributable to ordinary shareholders was HKD 46,000,000, reversing a net loss of HKD 37,300,000 in 2020[19]. - The EBITDA for 2021 was HKD 414,003,000, compared to HKD 344,976,000 in 2020, reflecting a significant recovery[5]. - The gross profit margin improved to 12.7% in 2021 from 11.2% in 2020[6]. - Overall revenue for 2021 increased by approximately 14.7% to about HKD 4,389,400,000, compared to approximately HKD 3,826,800,000 in 2020[30]. - Gross profit rose by approximately 30.6% to about HKD 558,900,000, with a gross margin increase from 11.2% in 2020 to 12.7% in 2021[30]. - The company reported a profit attributable to ordinary shareholders of approximately HKD 46,000,000 for 2021, compared to a loss of approximately HKD 37,300,000 in 2020[30]. - Revenue for the year ended December 31, 2021, was HKD 4,389,437, an increase of 14.7% from HKD 3,826,829 in 2020[194]. - Gross profit for the same period was HKD 558,943, representing a 30.6% increase compared to HKD 427,822 in 2020[194]. - Net profit for the year was HKD 49,096, a significant recovery from a loss of HKD 35,592 in 2020[194]. - Basic earnings per share for ordinary shareholders was HKD 5.3, compared to a loss of HKD 4.3 per share in the previous year[194]. Dividend and Shareholder Returns - The board proposed a final dividend of HKD 0.013 per share for the year[21]. - The board proposed a final dividend of HKD 0.013 per ordinary share, compared to no dividend in 2020, pending shareholder approval[48]. - The company reported a final dividend of HKD 0.013 per share for the year, compared to no dividend in the previous year[129]. Operational Challenges and Strategies - The company faced challenges due to supply chain disruptions and raw material shortages but managed to secure essential supplies[19]. - The company aims to diversify raw material supply sources to mitigate risks and ensure production continuity[34]. - The company anticipates ongoing supply chain challenges in 2022, including shortages of raw materials and shipping services[34]. - The company will continue to communicate closely with customers to manage order demands and ensure timely delivery of products[34]. - The company aims to enhance its competitive edge by providing comprehensive textile and garment production solutions[22]. Investment and Expansion Plans - The company plans to establish a comprehensive textile production base in Vietnam, aiming to start garment production in the second half of 2022[22]. - The company plans to invest in developing a new integrated textile production base in Vietnam[33]. - The group plans to accelerate the development of production facilities in Vietnam, aiming to commence garment production by the end of 2022[35]. - The group plans to build a textile production base on leased land in Vietnam, with costs to be covered by internal resources or bank loans[60]. Financial Position and Resources - The asset-to-liability ratio was 48.8% in 2021, indicating a stable financial position[6]. - The company completed a loan financing of HKD 1,300,000,000 in 2021 to enhance financial resources for future development[23]. - As of December 31, 2021, the group's current assets net value was approximately HKD 1,790,600,000, up from HKD 1,188,600,000 in 2020, mainly due to increased inventory[45]. - The group’s cash and cash equivalents were approximately HKD 863,400,000, compared to HKD 803,900,000 in 2020, with a current ratio of about 2.1 times[45]. - The total bank borrowings amounted to approximately HKD 1,815,000,000, an increase from HKD 1,544,200,000 in 2020, with a net debt to equity ratio of about 48.8%[45]. - Financing costs decreased by approximately 25.4% to about HKD 44,600,000 from HKD 59,900,000 in 2020, primarily due to reduced average bank borrowings and interest rates[39]. Governance and Compliance - The board of directors consists of eight members, including five executive directors and three independent non-executive directors[68]. - All directors confirmed compliance with the securities trading standards set forth by the Hong Kong Stock Exchange for the year ending December 31, 2021[67]. - The company confirmed compliance with listing rules, with independent non-executive directors constituting at least one-third of the board[75]. - The company’s independent non-executive directors confirmed their independence in accordance with listing rules[75]. - The company has implemented a budget management system to better monitor business and financial performance, with no significant failures in financial, operational, or compliance controls reported during the review year[91]. - The audit committee held three meetings during the year, with all members attending 100% of the meetings[90]. - The company has a risk management system in place to ensure effective monitoring and control of various operational risks[95]. - The company has adopted a shareholder communication policy to encourage active communication with shareholders[102]. Employee and Community Engagement - The company has been recognized for its contributions to the community and industry[106][111]. - The company made charitable donations totaling HKD 1,812,000 during the year[135]. - The company emphasizes maintaining strong relationships with employees, customers, and suppliers as a key factor for stable development[126]. Audit and Financial Reporting - The consolidated financial statements reflect the group's financial position as of December 31, 2021, and its performance for the year, prepared in accordance with Hong Kong Financial Reporting Standards[172]. - The audit was conducted under Hong Kong auditing standards, ensuring independence and adherence to ethical responsibilities[173]. - Key audit matters were identified based on professional judgment, which are significant to the audit of the consolidated financial statements[174]. - The company must assess its ability to continue as a going concern and disclose relevant matters if applicable[187]. - The audit report aims to provide reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[186]. - The independent auditor must comply with ethical requirements regarding independence and communicate any relationships that may affect independence[188].

Financial Performance - For the six months ended June 30, 2021, the company's revenue increased by approximately 26.5% to HKD 2,036,300,000 from HKD 1,610,000,000 in the same period last year[12]. - Gross profit rose by 110.8% to HKD 299,800,000, with a gross margin increase of 5.9 percentage points to 14.7%[12]. - The company reported a profit attributable to ordinary shareholders of HKD 39,500,000, compared to a loss of HKD 37,900,000 in the same period last year[12]. - Total sales revenue reached approximately HKD 2,036,300,000, an increase of about 26.5% compared to HKD 1,610,000,000 for the six months ended June 30, 2020[21]. - Gross profit was approximately HKD 299,800,000, representing an increase of about 110.8% from HKD 142,200,000 for the six months ended June 30, 2020, with a gross margin rising to approximately 14.7%[22]. - The company reported a net profit attributable to ordinary shareholders of approximately HKD 39,500,000, a significant recovery from a net loss of HKD 37,900,000 for the six months ended June 30, 2020[30]. - The company achieved a profit before tax of HKD 48,153,000, a turnaround from a loss of HKD 38,205,000 in the prior year[69]. - The company reported a profit of HKD 39,252,000 for the six months ended June 30, 2021, compared to a loss of HKD 38,883,000 in the same period of 2020, marking a significant turnaround[71]. - Total comprehensive income for the period was HKD 39,252,000, a recovery from a total comprehensive loss of HKD 161,125,000 in the previous year[71]. - The group reported a profit before tax of HKD 39,519,000 for the six months ended June 30, 2021, compared to a loss of HKD 37,862,000 for the same period in 2020[114]. Revenue Breakdown - The fabric business accounted for 91.4% of total revenue, while the garment business contributed 8.6%[12]. - For the six months ended June 30, 2021, total revenue from external customers was HKD 2,036,283,000, with the fabric segment contributing HKD 1,860,152,000 and the garment segment contributing HKD 176,131,000[88]. - Revenue from external customers in South Korea was HKD 753,596,000, an increase from HKD 568,511,000 in the same period last year[96]. - Revenue from knitted fabrics and related processing services was HKD 1,860,152,000, up from HKD 1,466,914,000, representing a 27% increase[103]. Expenses and Costs - Selling and distribution expenses increased to approximately HKD 68,400,000, up from HKD 45,000,000 for the six months ended June 30, 2020[25]. - Administrative expenses rose to approximately HKD 161,200,000, compared to HKD 146,800,000 for the six months ended June 30, 2020[26]. - The cost of sales and services for the six months ended June 30, 2021, was HKD 1,736,456,000, compared to HKD 1,467,812,000 in the previous year, reflecting an increase of 18.3%[110]. - Research and development costs increased to HKD 65,983,000 from HKD 62,050,000, indicating a focus on innovation[110]. Challenges and Risks - The company faced challenges in the garment segment due to factory shutdowns in Cambodia caused by COVID-19, leading to losses in that division[14]. - Ongoing geopolitical tensions between China and the U.S. may continue to affect raw material supply and pricing volatility[17]. - The company plans to actively communicate with key suppliers to maintain stable supply and mitigate the impact of raw material shortages[17]. - The company will seek alternative shipping channels to ensure timely delivery of goods to customers[17]. - Approximately 76.6% of the group's sales are denominated in USD, with the remaining sales in HKD and RMB, exposing the group to foreign exchange risks primarily related to RMB[37]. Capital Expenditures and Investments - Capital expenditures for developing a new textile production base in Vietnam have been delayed due to local lockdowns[15]. - The group invested approximately HKD 51,200,000 in capital expenditures during the period, with about 78.1% allocated for the purchase of plants and machinery[39]. - Capital expenditures for the six months ended June 30, 2021, were HKD 51,159,000, with the fabric segment accounting for HKD 38,013,000[88]. - The group had no significant contingent liabilities or major investments exceeding 5% of total assets as of June 30, 2021[41][42]. Financial Position - As of June 30, 2021, the company's current assets net value was approximately HKD 1,000,200,000, down from HKD 1,188,600,000 as of December 31, 2020[32]. - Total bank borrowings amounted to approximately HKD 1,828,400,000 as of June 30, 2021, compared to HKD 1,544,200,000 as of December 31, 2020[33]. - The company’s total assets less current liabilities amounted to HKD 2,806,369,000, down from HKD 3,091,716,000, reflecting a decline of approximately 9.2%[75]. - The company’s equity attributable to shareholders increased to HKD 2,036,839,000 from HKD 1,997,320,000, showing an increase of about 2.0%[75]. - Non-current assets decreased to HKD 1,806,140,000 as of June 30, 2021, down from HKD 1,903,145,000 at the end of 2020, reflecting a decline of approximately 5.1%[73]. - Current assets increased to HKD 3,057,489,000, up from HKD 2,800,235,000, representing a growth of about 9.2%[73]. - Current liabilities rose to HKD 2,057,260,000, compared to HKD 1,611,664,000, indicating an increase of approximately 27.6%[75]. Corporate Governance - The company has maintained good corporate governance practices throughout the reporting period[64]. - The audit committee, composed of three independent non-executive directors, oversees the financial reporting and risk management processes[65]. - The group did not engage in any equity fundraising activities during the period[45]. Workforce and Employment - The group employed 4,645 staff in China and 2,113 in Cambodia as of June 30, 2021, reflecting a stable workforce[47]. - Short-term employee benefits for key management personnel were HKD 13,355,000 for the six months ended June 30, 2021, slightly down from HKD 13,521,000 for the same period in 2020[135].

KAM HING INTERNATIONAL HOLDINGS LIMITED 錦 興 國 際 控 股 有 限 公 司 (於鳳凰華島駐冊成立2 張公司) 股份代號 : 02307 MIX responsible sources FSC" C111999 Esc 目錄 2 公司資料 | --- | --- | |-------|----------------------| | | | | | | | 3 | 財務摘要及概要 | | 5 | 主席報告 | | 8 | 管理層討論及分析 | | 14 | 企業管治報告 | | 22 | 董事及高級管理層履歷 | | 26 | 董事會報告 | | 34 | 獨立核數師報告 | | | 經審核財務報表 | | 39 | 綜合損益表 | | 40 | 綜合全面收益表 | | 41 | 綜合財務狀況表 | | 43 | 綜合權益變動表 | | 45 | 綜合現金流量表 | | 47 | 財務報表附註 | | 114 | 五年財務概要 | 公司資料 董事會 香港總辦事處及主要營業地點 | --- | --- | |------------------------------ ...

Financial Performance - Overall revenue decreased by 20.6% from HKD 2,028,300,000 to HKD 1,610,000,000 compared to the same period last year[10] - Gross profit fell by 54.3%, from HKD 311,200,000 to HKD 142,200,000, with a gross margin decline of 6.5 percentage points[10] - The company reported a loss attributable to ordinary shareholders of HKD 37,900,000, compared to a profit of HKD 44,500,000 in the same period last year[10] - Total sales revenue decreased by approximately 20.6% to about HKD 1,610,000,000 compared to HKD 2,028,300,000 for the same period last year[16] - Gross profit fell by approximately 54.3% to about HKD 142,200,000, with a gross profit margin decreasing to approximately 8.8% from 15.3%[17] - The company incurred a loss before tax of HKD 38,205,000 compared to a profit of HKD 52,036,000 in the prior year[66] - The net loss attributable to ordinary shareholders was HKD 37,862,000, compared to a profit of HKD 44,539,000 in the same period last year[66] - The total comprehensive loss for the period amounted to HKD 161,125,000, compared to a total comprehensive income of HKD 44,524,000 in the prior year[68] - The basic and diluted loss per share was HKD 0.044, compared to earnings per share of HKD 0.051 in the previous year[66] - The group reported a net loss of HKD 38,883 for the six months ended June 30, 2020, compared to a profit of HKD 44,524 in the same period of 2019[84] Revenue Breakdown - The fabric products segment generated revenue of HKD 1,466,914, while the garment products segment contributed HKD 143,051, indicating a significant drop in both segments compared to the previous year[84] - Revenue from external customers in mainland China was HKD 568,511, a slight decrease from HKD 576,207 in the previous year, while revenue from Hong Kong dropped significantly from HKD 304,634 to HKD 182,668[90] - The group's revenue for the six months ended June 30, 2020, was 1,467,812 thousand HKD, a decrease from 1,717,119 thousand HKD for the same period in 2019, representing a decline of approximately 14.5%[96] Cost Management - Administrative expenses decreased to approximately HKD 146,800,000 from HKD 163,000,000, attributed to strict budget control[20] - The total employee benefits expense decreased to 251,436 thousand HKD from 287,574 thousand HKD, a decline of approximately 12.6%[96] Financial Position - Current assets net value was approximately HKD 1,304,200,000, with a current ratio of about 2.3 times[25] - Total bank borrowings amounted to approximately HKD 1,663,200,000, down from HKD 1,911,300,000 at the end of the previous year[27] - The group’s total assets as of June 30, 2020, were HKD 4,164,386, compared to HKD 4,827,214 as of December 31, 2019, indicating a decrease in asset value[84] - The total equity as of June 30, 2020, was HKD 1,815,634, down 8.7% from HKD 1,989,808 at the end of 2019[71] - The company's cash and cash equivalents at the end of the period were HKD 619,117, a decrease of 20% from HKD 772,957 at the beginning of the period[74] Strategic Initiatives - The company has delayed expansion plans in Cambodia and Vietnam until the pandemic is under control[13] - The company aims to diversify its supply chain to ensure stable supply of quality raw materials[14] - The company plans to continue efforts to establish a stable foundation in Southeast Asia as a leading one-stop textile and garment solution provider[14] Government Support - Other income increased to approximately HKD 48,600,000, primarily due to government subsidies of about HKD 30,100,000 compared to HKD 2,300,000 last year[18] - The group received government subsidies amounting to HKD 30,066 during the reporting period, which contributed to other income[94] Employee and Governance - As of June 30, 2020, the group employed 4,894 staff in China, down from 5,530 as of December 31, 2019, while increasing staff in Cambodia to 2,004 from 1,819[40] - The company has established a mandatory provident fund scheme for all employees in Hong Kong, along with medical insurance coverage[40] - The company is committed to maintaining good corporate governance practices throughout the reporting period[61] Capital Expenditure - Capital expenditure investment was approximately HKD 64,800,000, with about 93.7% used for purchasing plants and machinery[33] - Capital expenditure for the group was HKD 64,771 for the six months ended June 30, 2020, down from HKD 97,967 in the same period of 2019, reflecting a reduction in investment[84] Risk Management - The group has implemented a prudent treasury policy to mitigate financial risks related to interest and exchange rate fluctuations[37] - The group regularly reviews its liquidity and financing needs to ensure financial stability[37] Other Information - The company did not declare any interim dividend for the period[29] - The group did not engage in any equity fundraising activities during the reporting period[39] - There were no significant acquisitions or disposals during the period[36] - The company has not disclosed any new product or technology developments in the provided content[41] - The group did not recognize any gains or losses upon the transfer of the endorsed notes during the reporting periods ending June 30, 2020, and June 30, 2019[116]

KAM HING INTERNATIONAL HOLDINGS LIMITED 錦 興 國 際 控 股 有 限 公 司 ( 於 関曼群島 註冊成立之有限公司 ) 股份代號：02307 MIX Paper from responsible sources FSC" C111999 目錄 2 公司資料 3 財務摘要及概要 5 主席報告 7 管理層討論及分析 13 企業管治報告 21 董事及高級管理層履歷 25 董事會報告 33 獨立核數師報告 經審核財務報表 38 綜合損益表 39 綜合全面收益表 40 綜合財務狀況表 42 綜合權益變動表 44 綜合現金流量表 46 財務報表附註 118 五年財務概要 ҲҲҲ░╚ФФФФФФФФФФФФФФФ 公司資料 Grand Cayman KY1-1111, Cayman Islands | --- | --- | |------------------------------------------|----------------------------------------| | | | | 董事會 | 香港總辦事處及主要營業地點 | | 執行董事 | 香港 | ...

Financial Performance - Total revenue for the first half of 2019 decreased by approximately 5.6% to HKD 2,028,300,000 from HKD 2,149,000,000 in the same period of 2018[8] - Gross profit for the same period was approximately HKD 311,200,000, a decrease of about 2.6% from HKD 319,500,000 in the previous year, with a slight increase in gross margin to 15.3% from 14.9%[15] - Profit attributable to ordinary shareholders decreased by 17.1% to HKD 44,500,000 compared to HKD 53,700,000 in the prior year[8] - Basic earnings per share for the period were HKD 0.051, down 17.7% from HKD 0.062 in the same period of 2018[8] - The company recorded a profit before tax of HKD 52,036, down 30.8% from HKD 75,331 in the previous year[56] - Net profit attributable to shareholders was HKD 44,524, representing a decrease of 17% compared to HKD 53,657 in the prior year[56] - The group reported a profit before tax of HKD 287,574,000, compared to HKD 282,759,000 for the same period in 2018, reflecting a slight increase of 0.29%[110] - Total tax expense for the period was HKD 7,512,000, significantly lower than HKD 21,674,000 in the previous year, indicating a decrease of approximately 65.3%[112] Market Contribution - The United States remained the largest end market, accounting for 60.7% of total revenue, despite indirect impacts from ongoing trade tensions[10] - The Chinese market contributed 24.3% to total revenue, with stable demand particularly in the high-end women's and children's clothing sectors[10] - The fabric business and garment business accounted for 91.8% and 8.2% of total revenue, respectively[10] Operational Developments - The company plans to build a new factory in Cambodia to enhance production capacity and design capabilities, expected to be completed in 2020[10] - Due to uncertainties in the global economy, the company has decided to postpone residential property development in Enping, China, to focus on core business operations[12] - The company aims to leverage its production efficiency and innovation to maintain its leadership position amid increasing competition and market challenges[12] Financial Position - As of June 30, 2019, the group's current assets net value was approximately HKD 581,700,000, down from HKD 657,500,000 at the end of 2018[19] - Total bank and other borrowings amounted to approximately HKD 1,862,100,000, a decrease from HKD 2,003,600,000 at the end of 2018, with a net debt to equity ratio of approximately 52.2%[20] - Total assets as of June 30, 2019, were HKD 4,630,454, a decrease from HKD 4,706,515 as of December 31, 2018[60] - The company's net asset value increased to HKD 1,970,308 from HKD 1,938,856 at the end of the previous year[62] - The group’s liabilities totaled HKD 2,660,836 as of June 30, 2019, down from HKD 3,029,741 at the end of 2018, representing a decrease of approximately 12.2%[100] Cash Flow and Investments - The net cash flow from operating activities for the six months ended June 30, 2019, was HKD 133,783,000, a significant improvement from a net cash outflow of HKD 207,887,000 in the same period of 2018[67] - The net cash flow used in investing activities was HKD (63,784,000) for the six months ended June 30, 2019, compared to HKD (122,815,000) in the prior year, indicating a reduction in cash outflow[67] - The financing activities resulted in a net cash outflow of HKD (140,243,000) for the six months ended June 30, 2019, compared to a net inflow of HKD 478,635,000 in the same period of 2018[67] Shareholder Information - As of June 30, 2019, the total equity held by Mr. Dai Jin Chun is 336,600,000 shares, representing approximately 38.69% of the company's issued share capital[38] - Mr. Dai Jin Wen holds 99,000,000 shares, accounting for approximately 11.38% of the company's issued share capital[38] - The company has adopted a share option scheme that allows for the issuance of up to 86,991,900 shares, which is 10% of the company's share capital at the time of approval[43] - The company must obtain shareholder approval for any share options exceeding 1% of the issued shares within any twelve-month period[43] Corporate Governance - The company continues to focus on maintaining good corporate governance practices to enhance shareholder value[51] - The board did not recommend any interim dividend for the period, consistent with the previous year[23] - The group had no significant contingent liabilities as of June 30, 2019, consistent with the previous year[28] Accounting Changes - The company adopted the new Hong Kong Financial Reporting Standard 16, which affects the accounting treatment of leases, effective January 1, 2019[73] - The adoption of HKFRS 16 resulted in an increase of lease liabilities by HKD 47,080,000 as of January 1, 2019[81] - Right-of-use assets increased by HKD 168,465,000, while prepaid land lease payments decreased by HKD 118,135,000[80] - The company has opted for exemptions for low-value asset leases and short-term leases under HKFRS 16[81]

KAM HING INTERNATIONAL HOLDINGS LIMITED 錦 興 國 際 控 股 有 限 公 司 ( 於 開曼群島註冊成立之有限公司) 股份代鲸：02307 2018 年報 FSC MIX F8C® C102904 and of the production 公司資料2 財務摘要及概要3 主席報告5 管理層討論及分析8 企業管治報告15 董事及高級管理層履歷23 董事會報告27 獨立核數師報告35 經審核財務報表 綜合損益表40 綜合全面收益表41 綜合財務狀況表42 綜合權益變動表44 綜合現金流量表46 財務報表附註48 五年財務概要120 目錄 P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands | --- | --- | |-------------------------|------------------------------------------------| | | | | 公司資料 | | | | | | 董事會 | 香港總辦事處及主要營業地點 | | | | | 執行董事 | 香港 | | | 新界荃灣 | ...