香 港 交 易 及 結 算 所 有 限 公 司、香 港 聯 合 交 易 所 有 限 公 司 及 新 加 坡 證 券 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明， 並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 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。 COMBA TELECOM SYSTEMS HOLDINGS LIMITED 京信通信系統控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （香 港 股 份 代 號：2342） （新 加 坡 股 份 代 號：STC） 截至二零二五年六月三十日止六個月之 中期業績公告 財務摘要 業 績 京 信 通 信 系 統 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）董 事（「董 事」）欣 然 呈 報 本 公 司 及 其 附 屬 公 司（統 稱 為「本 集 團」）截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 （「期 內」）之 ...

Group 1 - The company, 京信通信 (02342.HK), announced that it will hold a board meeting on August 19, 2025, to approve the publication of its interim results for the six months ending June 30, 2025 [1] - The board meeting will also consider the distribution of an interim dividend, if applicable [1]

香港交易及結算所有限公司 、 香港聯合交易所有限公司及新加坡證券交易所有限公司對 本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對 因本公告全部或任何部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。 承董事會命 京信通信系統控股有限公司 執行董事 張飛虎 香港，二零二五年八月六日 於本公告刊發日期，董事會由以下執行董事組成：霍東齡先生、張躍軍先生、霍欣茹女 士及張飛虎先生；由以下非執行董事組成：易磊先生；及由以下獨立非執行董事組成： 伍綺琴女士、王洛琳女士及張智強先生。 COMBA TELECOM SYSTEMS HOLDINGS LIMITED （香港股份代號：2342） （新加坡股份代號：STC） 董事會會議召開日期 京信通信系統控股有限公司（「本公司」）之董事會（「董事會」）謹此宣 佈，本公司將於二零二五年八月十九日（星期二）舉行董事會會議，藉以（其 中包括）批准刊發本公司及其附屬公司截至二零二五年六月三十日止六個月之 中期業績公告，以及考慮派發中期股息（如有）。 京 信 通 信 系 統 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） ...

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 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 京信通信系統控股有限公司 呈交日期: 2025年8月6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) | 02342 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500, ...

上市企业：京信通信[02342]、中兴通讯[000063]、亨鑫科技[HK1085]、爱立信[ERIC] 相关企业：华为、中信科移动（大唐电信）、京信通信、诺基亚、康普、生益科技、华正新材、唯捷创 芯、飞荣达、卓胜微、中电科41所、中国移动、中国电、中国联通 关键词：5G天线产业链、5G天线发展历程、5G天线市场规模、5G天线市场竞争格局、5G天线行业发 展趋势 内容概要：在当今数字化时代，无线通信技术的飞速发展让5G天线成为了推动全球信息互联互通的关 键力量。从5G网络的大规模部署到物联网的蓬勃兴起，5G天线作为信号收发的核心部件，其重要性愈 发凸显。在5G技术的推动下，智能手机通信天线不再仅仅局限于传统的频段，而是需要支持包括Sub- 6GHz低频和毫米波高频(30GHz以上)在内的多个频段。2024年全球手机通信天线规模19.8亿美元，多频 段高性能抗干扰5G智能手机通信天线规模32.33亿元；预计2025年全球手机通信天线规模约21亿美元， 多频段高性能抗干扰5G智能手机通信天线规模约38亿元。中国移动通信在过去的十几年里，已经逐渐 从2G、3G向着现代全球范围广泛使用的4G发展和完善，现如今，通过相 ...

Core Insights - The report highlights the emerging opportunities in the low Earth orbit (LEO) satellite communication sector, particularly following the MWC 2025 event in Shanghai, which showcased advancements in ground infrastructure for satellite internet [5][6] - The report emphasizes the maturation of the NTN (Non-Terrestrial Network) industry chain and the expected acceleration in ground infrastructure development, driven by upcoming commercial trials of LEO satellite systems [5][6] Industry Commentary: Communication - The MWC 2025 event has spotlighted the LEO satellite internet, presenting at least three catalysts for investment opportunities in this sector [5] - The next-generation LEO constellation design is nearing maturity, with domestic projects like Qianfan, State Grid, Hongyan, and Tianqi starting to form, indicating a shift towards a mainstream NTN network architecture [5] - Major players in the 5G equipment sector, such as Huawei, ZTE, and FiberHome, are expected to benefit significantly from this transition, particularly in baseband, routing, and antenna technologies [5] - The report notes that the upcoming commercial trials of LEO satellite systems will likely lead to increased demand for ground infrastructure, including gateway station projects and related components [5][6] Investment Highlights - The AMD Helios cabinet design is set to compete with the Rubin NVL144 supernode cabinet, indicating a trend towards higher bandwidth and more efficient networking solutions [6] - The Mi400 Helios cabinet is expected to integrate 72 Mi400 GPUs, requiring extensive copper cabling and high-density connectors, which suggests a sustained demand for high-speed copper and optical modules in the coming years [6] Market Overview - The report provides a snapshot of the market performance, noting that the overall market saw mixed results, with the Shenwan Communication Index rising by 1.58% while major indices like the Shanghai Composite Index and Shenzhen Component Index experienced declines [8] - Specific sectors such as optical modules and optical cables saw significant weekly gains, indicating strong investor interest in these areas [8] Regulatory Developments: Non-Bank Financial Sector - The report discusses the introduction of the "1+6" policy measures for the Sci-Tech Innovation Board, aimed at optimizing the classification and evaluation of securities firms, which is expected to enhance the financial service ecosystem for technology innovation [9][10] - The new regulations are designed to support high-quality development and encourage differentiated operations among securities firms, fostering a competitive landscape [10]

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 4,528.3 million, a decrease of 24.3% from HKD 5,981.9 million in 2023[22]. - Gross profit for 2024 was HKD 1,171.1 million, down 29.5% from HKD 1,662.7 million in 2023, resulting in a gross margin of 25.9%, a decline of 1.9 percentage points[22]. - The operating loss for 2024 was HKD 509.2 million, compared to an operating profit of HKD 108.6 million in 2023, indicating a significant decrease in operational performance[22]. - Net loss attributable to shareholders for 2024 was HKD 564.2 million, a substantial drop from a profit of HKD 6.7 million in 2023, reflecting a net profit margin of -12.5%[22]. - Total assets decreased by 17.7% to HKD 7,439.6 million in 2024 from HKD 9,039.5 million in 2023[23]. - The company reported an average return on equity of -18.8% in 2024, down from 0.2% in 2023, indicating a decline in profitability[23]. - Revenue from China Mobile Group decreased by 32.8% to HKD 747,056,000, accounting for 16.5% of total revenue[46]. - Revenue from China Unicom Group decreased by 76.1% to HKD 178,750,000, representing 3.9% of total revenue[46]. - Revenue from China Telecom Group increased by 9.2% to HKD 440,063,000, making up 9.7% of total revenue[47]. - International revenue decreased by 7.9% to HKD 2,208,117,000, but still accounted for 48.8% of total revenue[47]. - Revenue from base station antennas and subsystems decreased by 25.3% to HKD 1,912,775,000, accounting for 42.2% of total revenue[49]. - Revenue from network systems decreased by 21.7% to HKD 874,837,000, representing 19.3% of total revenue[49]. - Revenue from services decreased by 42.9% to HKD 935,042,000, making up 20.7% of total revenue[49]. - Other income and gains decreased by 25.7% to HKD 129,351,000, accounting for 2.9% of total revenue[51]. - The company will not declare a final dividend for the year, consistent with the previous year[59]. Innovation and Product Development - The company launched the ComFlex MAX low-power product, achieving significant order growth in multiple international markets[26]. - The company introduced the Green Antenna 2.0, receiving high recognition from domestic operators and winning the first centralized procurement project for green base station antennas in China[27]. - The newly launched green antenna FPTP2.0 improved energy conversion efficiency by over 20%[42]. - The company introduced the industry's first passive IoT system prototype and networking solution, leading innovation in 5G-A technology[32][42]. - The group launched the industry-leading high-frequency, high-power indoor distribution coverage series products, enabling low-cost and efficient simultaneous upgrades of multi-operator network signals[63]. - The group is actively exploring new business opportunities in the 5G sector, including the launch of a full range of mobile robots and unmanned forklift products, with applications in key industries such as 3C, pharmaceuticals, automotive, and textiles[68]. - The group has established a comprehensive smart computing platform, FLeX5, integrating 5G networks, IoT, MEP, and AI, providing tailored solutions for various industries, including smart mining and smart warehousing[64]. Corporate Governance - The board consists of seven directors, with four being executive directors and three independent non-executive directors, ensuring a balance of skills and experience relevant to the company's operations[115]. - The company has adopted the standards for securities trading by directors as outlined in the Hong Kong Listing Rules, confirming compliance from January 1, 2024, to the date of the report[114]. - The audit committee reviews the effectiveness of the internal control system annually, concluding that the risk management and internal control systems are effective and adequate[113]. - The company emphasizes high standards of corporate governance to ensure transparency and accountability, which is crucial for protecting shareholder interests[112]. - The company has established a robust governance framework, with all members of the nomination, remuneration, and audit committees being independent non-executive directors to ensure independence in decision-making[112]. - The company has been recognized for its commitment to corporate governance principles and has adhered to the relevant codes and guidelines since January 1, 2024[112]. - The company’s senior management team has significant industry experience, with members holding various professional qualifications and leadership roles in industry associations[109]. - The company has a clear division of responsibilities between the chairman and the CEO[121]. - The independent non-executive directors are appointed for a fixed term of no more than three years[122]. - The board aims to maintain a minimum female representation of 27% and increase it to approximately 33% by 2033[134]. - The company has set measurable goals for board diversity and will review these annually to ensure effectiveness[132]. Employee and Safety Management - The total number of employees is 4,349, with 3,069 males and 1,280 females, leading to a female representation of about 29%[133]. - The employee turnover rate for those under 30 years old is 4.87%, while for those aged 31-40 it is 7.30%[190]. - The company has achieved zero work-related fatalities in the past three years, including the reporting period[194]. - A total of 1,115 employees received fire safety training, significantly improving their safety awareness[194]. - The company conducted 49 health and safety training sessions in 2024, enhancing overall employee safety awareness[197]. - The organization has established a long-term incentive framework to enhance employee satisfaction with compensation[184]. - The employee benefits package includes competitive salaries, insurance contributions, and statutory leave entitlements[184]. - The group has established a comprehensive safety management system, including procedures for safety and environmental protection, with 100% of responsible persons signing safety responsibility agreements[198]. - The group emphasizes long-term career development for employees, providing dual career paths and linking compensation and promotions to experience, ability, and performance[199]. - In 2024, the training participation rate for male and female employees across all levels reached 100%[199]. Environmental and Social Responsibility - The company aims to integrate sustainable development and social responsibility into its corporate culture[165]. - The company achieved EcoVadis silver rating in the 2024 corporate social responsibility assessment, reflecting its commitment to sustainable development[174]. - The company has implemented an ISO14001 environmental management system to ensure compliance with environmental regulations and control emissions[175]. - The company has maintained zero fines for air emissions and ensures that all production areas comply with environmental impact assessments[175]. - The company categorizes waste into hazardous and non-hazardous types, ensuring 100% compliance in the disposal of non-hazardous waste[176]. - The company actively engages with stakeholders through various communication channels to enhance transparency and confidence in its sustainable development efforts[171]. - The company focuses on reducing environmental impacts throughout the product lifecycle and integrates green, low-carbon development concepts into all operational processes[170]. - The company has not reported any significant violations of laws regarding emissions and waste disposal during the reporting period[174]. - The company emphasizes the importance of energy conservation and environmental protection in its operational management strategies[170]. - The company collaborates with partners, customers, and suppliers to seek sustainable green and low-carbon business environments[170]. - Greenhouse gas emissions increased by 150.34% to 1,892 thousand tons in 2024 from 756 thousand tons in 2023[177]. - Energy consumption decreased by 19% year-on-year, while water consumption decreased by 14% year-on-year[179]. - The company achieved a total of 2.03 million kWh of green electricity generation in 2024, resulting in a cost reduction of approximately 1.84 million HKD[179]. - Non-hazardous waste increased by 52.64% to 722 tons in 2024 from 473 tons in 2023[177]. - The company aims to halve total greenhouse gas emissions by 2030 in accordance with SBTi standards[178]. - The company implemented a distributed photovoltaic power generation project, enhancing renewable energy usage[179]. - The company is focusing on reducing energy consumption through technological innovations and improving product efficiency[178]. - The company is actively responding to climate change issues and enhancing its carbon emission management capabilities[183].

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 4.53 billion, a decrease of 24.5% from HKD 5.98 billion in 2023[5] - Gross profit was HKD 1.17 billion, down 29.5% from HKD 1.66 billion in 2023, with a gross margin of 25.9%, compared to 27.8% in the previous year[5] - Shareholders' loss amounted to HKD 564.19 million, a significant decline from a profit of HKD 6.70 million in 2023[5] - Operating cash flow was HKD 339.44 million, down 30.9% from HKD 492.72 million in 2023[5] - Total assets decreased by 17.7% to HKD 7,439.6 million in 2024 from HKD 9,039.5 million in 2023[34] - The average return on equity was -18.8% in 2024, a decline of 19.0 percentage points from 0.2% in 2023[34] - The group achieved total sales revenue of HKD 452,826,000 in 2024, a decrease of 24.30% compared to HKD 598,197,000 in 2023[189] Revenue Breakdown - Revenue from China Mobile decreased by 32.8% to HKD 747,056,000, accounting for 16.5% of total revenue, down from 18.6%[58] - Revenue from China Unicom decreased by 76.1% to HKD 178,750,000, representing 3.9% of total revenue, down from 12.5%[58] - Revenue from China Telecom increased by 9.2% to HKD 440,063,000, accounting for 9.7% of total revenue, up from 6.7%[59] - International revenue accounted for 48.8% of total revenue, despite a 7.9% decrease to HKD 2,208,117,000[59] Research and Development - The company has applied for approximately 5,900 patents globally, indicating a strong focus on R&D[15] - R&D expenses decreased by 8.2% to HKD 409,436,000, representing 9.0% of total revenue, up from 7.5%[64] - The company launched the ComFlex MAX low-power product, achieving significant order growth across multiple markets[37] - The company aims to enhance new business development and maintain product innovation to meet evolving market demands[72] Corporate Governance - The board of directors consists of seven members, including four executive directors and three independent non-executive directors, ensuring a balance of skills and experience suitable for the company's business[127] - The company emphasizes high levels of corporate governance to ensure transparency and accountability, which is crucial for the development of the group and the protection of shareholder interests[124] - The audit committee reviews the effectiveness of the internal control system annually, concluding that the risk management and internal control systems are effective and sufficient[125] - The company has adopted the standard code of conduct for securities trading by directors as per the Hong Kong Listing Rules, with all directors confirming compliance[126] Environmental, Social, and Governance (ESG) Initiatives - The company aims to minimize environmental impact throughout the entire product lifecycle, focusing on green and low-carbon development[182] - The company has committed to aligning its operations with science-based carbon targets (SBTi) to address climate change[182] - The company received the EcoVadis silver medal in the 2024 corporate social responsibility assessment[186] - The group aims to achieve a 50% reduction in total greenhouse gas emissions by 2030, in line with the SBTi standards[190] Employee and Workforce Management - The total number of employees is 4,349, with 3,069 males and 1,280 females, resulting in a female representation of approximately 29%[145] - The company aims to maintain a minimum female representation of 27% at the board level and 30% at the employee level, with targets to increase to approximately 33% and 35% by 2033[146] - The management structure in 2024 includes 332 middle management, 234 lower management, and 28 entry-level positions[199] - The company is committed to enhancing its employee diversity and inclusion strategies moving forward[199] Strategic Partnerships and Market Expansion - The company aims to expand its market presence through innovative technologies and strategic partnerships, including AI smart traffic projects[46] - The company continues to strengthen its stable cooperation with international mobile operators and leading telecom equipment manufacturers to provide advanced 5G application solutions globally[79] - The company is actively exploring innovative business opportunities in the "5G + vertical industry applications" sector to contribute to revenue growth[80] Financial Management and Cost Control - Total employee cost for the year was HKD 1,130,918,000, an increase from HKD 1,070,859,000 in the previous year[100] - Financing costs decreased significantly by 42.7% to HKD 31,264,000, making up 0.7% of total revenue[67] - Cost management strategies have been implemented, resulting in a reduction of operational expenses by K%[109] Shareholder Engagement - The company has adopted a shareholder communication policy to enhance transparency and accountability since March 19, 2012[164] - The company encourages shareholder participation in general meetings and allows proxy voting[171] - The company held a total of eight board meetings and one annual general meeting during the year, with all directors achieving high attendance rates[128]

Comba Telecom Systems (02342) H2 2024 Earnings Call March 27, 2025 04:00 AM ET Speaker0Good morning, ladies and gentlemen. On behalf of Comber Telecom Systems Holdings Limited, I would like to welcome you all for joining today's twenty twenty four Annual Results Investor Presentation Video Conference. In today's meeting, there will be a presentation followed by Q and A session. During the Q and A session, you may raise your questions to the management by clicking on the raise hand button and wait for furthe ...

Corporate Information [Corporate Profile](index=2&type=section&id=Corporate%20Information) This section provides the company's basic information, including board members, committee members, and registered offices - Key leadership includes the Chairman, Vice Chairman, and President, with Independent Non-executive Directors chairing the Audit, Nomination, and Remuneration Committees[17](index=17&type=chunk) Management Discussion and Analysis [Financial Performance Review](index=4&type=section&id=Financial%20Performance%20Review) The Group's revenue declined due to a slowdown in telecom capital spending, shifting from profit to a loss of HK$158 million | Metric | H1 2024 (HK$'000) | H1 2023 (HK$'000) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 2,343,455 | 3,228,189 | -27.4% | | Gross Profit | 622,613 | 848,985 | -26.7% | | Gross Profit Margin | 26.6% | 26.3% | +0.3pp | | Profit/(Loss) Attributable to Owners of the Parent | (158,433) | 112,178 | Shifted from profit to loss | | Basic Earnings/(Loss) per Share | (5.73) HK cents | 4.04 HK cents | Shifted from profit to loss | - The Board recommended **no interim dividend** to preserve financial flexibility, compared to HK 1.2 cents per share in the prior period[32](index=32&type=chunk) Revenue Analysis Total revenue fell 27.4% to HK$2.34 billion, driven by a slowdown in telecom spending and mixed performance across key customers and business segments **Revenue by Customer (HK$'000)** | Customer | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | China Mobile | 426,493 | 623,651 | -31.6% | | China Unicom | 127,338 | 526,620 | -75.8% | | China Telecom | 293,648 | 208,184 | +41.1% | | China Tower | 223,798 | 212,713 | +5.2% | | International Customers & Core Equipment Manufacturers | 974,207 | 1,288,123 | -24.4% | **Revenue by Business Segment (HK$'000)** | Business Segment | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Base Station Antennas and Subsystems | 995,652 | 1,652,227 | -39.7% | | Network Systems | 372,860 | 500,383 | -25.5% | | Services | 597,687 | 708,722 | -15.7% | | Others (incl. Wireless Transmission) | 294,917 | 282,905 | +4.2% | Profitability and Expense Analysis Gross margin slightly improved to 26.6% despite lower gross profit, while R&D spending increased and other income significantly decreased - **Gross profit margin remained stable with a slight increase**, attributed to new product competitiveness and effective cost reduction measures[24](index=24&type=chunk) - Other income and gains **decreased by 65.1% YoY**, mainly due to a significant one-off exchange gain of HK$110 million in the prior period from loan portfolio restructuring[25](index=25&type=chunk) **Key Expense Changes (HK$'000)** | Expense Item | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Research & Development Expenses | 229,653 | 213,916 | +7.4% | | Selling & Distribution Expenses | 255,832 | 254,003 | +0.7% | | Administrative Expenses | 207,127 | 208,762 | -0.8% | | Finance Costs | 13,505 | 30,107 | -55.1% | [Business Outlook and Strategy](index=9&type=section&id=Business%20Outlook%20and%20Strategy) The Group will focus on new business development and product innovation, capitalizing on the ongoing global 5G deployment and evolution to 5G-A/6G - The Group anticipates continued growth in global 5G base station deployment, with **5G-A and 6G creating new opportunities** in integrated cloud-network-computing, the low-altitude economy, and industrial internet[33](index=33&type=chunk) - Product innovation focuses on the new high-efficiency, low-loss **"Green Antenna Solution 2.0"** and 5G-A antennas supporting the low-altitude economy[34](index=34&type=chunk)[35](index=35&type=chunk) - In 5G vertical industries, the company has developed the FLeX5 platform and established replicable business models in smart mining and warehousing[36](index=36&type=chunk) - The Group has achieved breakthroughs in **"5G + Composite Navigation Robots"** and 5G-A passive IoT technology, with the latter being recognized on a prestigious technology list[39](index=39&type=chunk) [Liquidity and Capital Management](index=15&type=section&id=Liquidity%20and%20Capital%20Management) The Group maintained a sound financial position with net current assets of HK$1.77 billion and a gearing ratio of 10.2% **Key Working Capital Indicators** | Indicator | June 30, 2024 | June 30, 2023 | | :--- | :--- | :--- | | Average Trade Receivables Turnover | 260 days | 218 days | | Average Trade Payables Turnover | 364 days | 305 days | | Average Inventory Turnover | 132 days | 99 days | - As of June 30, 2024, the Group's **gearing ratio** (total interest-bearing bank borrowings to total assets) was **10.2%**, up from 8.5% at the end of 2023[30](index=30&type=chunk)[41](index=41&type=chunk) - Of the net proceeds from the 2020 placement, **HK$10.58 million** allocated for capacity expansion remains unutilized, with the expected timeline extended to June 30, 2025[44](index=44&type=chunk)[45](index=45&type=chunk) [Other Disclosures](index=19&type=section&id=Other%20Disclosures) This section covers employee information, share repurchases, interests of directors and shareholders, and compliance with corporate governance codes - As of June 30, 2024, the Group had approximately **4,800 employees**, with total staff costs for the period amounting to **HK$555.92 million**[50](index=50&type=chunk) - During the period, the company repurchased **3.14 million shares** on the Hong Kong Stock Exchange for approximately **HK$1.77 million** to enhance EPS and show confidence in its prospects[52](index=52&type=chunk) - The company confirmed compliance with the Corporate Governance Code as set out in Appendix C1 of the Hong Kong Listing Rules during the reporting period[61](index=61&type=chunk) Interim Consolidated Financial Statements [Interim Consolidated Statement of Profit or Loss](index=27&type=section&id=Interim%20Consolidated%20Statement%20of%20Profit%20or%20Loss) The Group's revenue was HK$2.34 billion, resulting in a loss attributable to owners of the parent of HK$158.4 million for the period | Item (HK$'000) | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Revenue | 2,343,455 | 3,228,189 | | Gross Profit | 622,613 | 848,985 | | (Loss)/Profit Before Tax | (142,672) | 179,869 | | (Loss)/Profit for the Period | (157,282) | 123,349 | | (Loss)/Profit Attributable to Owners of the Parent | (158,433) | 112,178 | [Interim Consolidated Statement of Comprehensive Income](index=28&type=section&id=Interim%20Consolidated%20Statement%20of%20Comprehensive%20Income) Including other comprehensive losses, the total comprehensive loss for the period was HK$330.9 million, an increase from the prior year | Item (HK$'000) | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | (Loss)/Profit for the Period | (157,282) | 123,349 | | Other Comprehensive Loss, Net of Tax | (173,616) | (184,248) | | Total Comprehensive Loss for the Period | (330,898) | (60,899) | [Interim Consolidated Statement of Financial Position](index=29&type=section&id=Interim%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group's total assets were HK$8.73 billion, with net assets of HK$3.48 billion | Item (HK$'000) | June 30, 2024 (Unaudited) | Dec 31, 2023 (Audited) | | :--- | :--- | :--- | | Total Non-current Assets | 2,222,996 | 2,578,197 | | Total Current Assets | 6,507,240 | 6,830,828 | | **Total Assets** | **8,730,236** | **9,409,025** | | Total Current Liabilities | 4,734,022 | 5,267,009 | | Total Non-current Liabilities | 515,441 | 315,650 | | **Total Liabilities** | **5,249,463** | **5,582,659** | | **Net Assets** | **3,480,773** | **3,826,366** | | Cash and Cash Equivalents | 1,438,319 | 1,188,457 | [Interim Consolidated Statement of Changes in Equity](index=31&type=section&id=Interim%20Consolidated%20Statement%20of%20Changes%20in%20Equity) Total equity attributable to owners of the parent decreased from HK$3.58 billion to HK$3.27 billion, mainly due to the period's comprehensive loss - Equity attributable to owners of the parent **decreased from HK$3,581.5 million** at the beginning of the period **to HK$3,274.3 million** at the end[72](index=72&type=chunk) - The decrease in equity was primarily driven by a **total comprehensive loss of HK$320.7 million** and the impact of share repurchases and cancellations[72](index=72&type=chunk) [Interim Consolidated Statement of Cash Flows](index=33&type=section&id=Interim%20Consolidated%20Statement%20of%20Cash%20Flows) The Group generated net cash from operating activities of HK$157.4 million, resulting in a net increase in cash of HK$289.5 million | Item (HK$'000) | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Net Cash Flows From Operating Activities | 157,372 | 526,217 | | Net Cash Flows From Investing Activities | 97,504 | 62,929 | | Net Cash Flows From/(Used in) Financing Activities | 34,585 | (461,363) | | Net Increase in Cash and Cash Equivalents | 289,461 | 127,783 | | Cash and Cash Equivalents at End of Period | 1,438,319 | 1,564,275 | Notes to the Interim Condensed Consolidated Financial Statements [4. Operating Segment Information](index=39&type=section&id=4.%20Operating%20Segment%20Information) The Group operates in two main segments, with the 'Radio Telecommunication Network System Equipment and Services' segment being the primary revenue source **By Operating Segment (HK$'000)** | For the six months ended June 30, 2024 | Radio Telecommunication Network System Equipment and Services | Operator Telecommunication Services | Total | | :--- | :--- | :--- | :--- | | Revenue | 2,261,115 | 82,340 | 2,343,455 | | Loss Before Tax | (120,415) | (22,257) | (142,672) | **Revenue by Geographical Location (HK$'000)** | Region | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Mainland China | 1,576,903 | 2,125,601 | | Other APAC Countries/Regions | 291,351 | 475,562 | | Americas | 309,124 | 284,957 | | European Union | 152,320 | 304,206 | [12. Trade Receivables](index=51&type=section&id=12.%20Trade%20Receivables) Total trade receivables decreased to HK$3.18 billion, with an impairment provision of HK$786.7 million **Aging Analysis of Trade Receivables (HK$'000)** | Aging | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Within 3 months | 1,159,033 | 1,503,441 | | 4 to 6 months | 373,704 | 472,277 | | 7 to 12 months | 827,302 | 673,858 | | Over 1 year | 1,604,512 | 1,610,065 | | **Gross Total** | **3,964,551** | **4,259,641** | | Impairment Provision | (786,740) | (755,186) | | **Net Amount** | **3,177,811** | **3,504,455** | [14. Interest-bearing Bank Borrowings](index=55&type=section&id=14.%20Interest-bearing%20Bank%20Borrowings) Total interest-bearing bank borrowings increased to HK$892.2 million, with interest rates ranging from 1.2% to 6.94% | Item (HK$'000) | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Due within 1 year | 579,644 | 707,980 | | Due after 1 year | 312,586 | 87,961 | | **Total** | **892,230** | **795,941** | [16. Share Option Schemes and Share Award Scheme](index=58&type=section&id=16.%20Share%20Option%20Schemes%20and%20Share%20Award%20Scheme) The 2013 Share Option Scheme has been terminated, with 47.8 million options outstanding under this scheme as of the period end - The 2013 Share Option Scheme was terminated on May 22, 2023, with no new options to be granted, though existing options remain valid[113](index=113&type=chunk) - As of June 30, 2024, **47,810,000 share options** under the 2013 Scheme remained outstanding[120](index=120&type=chunk) - As of June 30, 2024, **300,000 share options** under the 2023 Scheme remained outstanding[127](index=127&type=chunk) [21. Related Party Transactions](index=78&type=section&id=21.%20Related%20Party%20Transactions) Total remuneration for key management personnel was approximately HK$17.8 million, with no other significant related party transactions **Key Management Personnel Remuneration (HK$'000)** | Item | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Short-term employee benefits | 15,757 | 7,532 | | Equity-settled share option expenses | 356 | 1,175 | | Awarded share expenses | 1,623 | 1,626 | | **Total** | **17,794** | **10,440** | - The Group established a share incentive plan for its indirect subsidiary, Comba Network, recognizing an expense of **HK$13.41 million** for this plan in H1 2024[145](index=145&type=chunk)[147](index=147&type=chunk)[150](index=150&type=chunk)