智通财经APP讯，百德国际(02668)公布，自2025年5月21日起，廖南钢先生因希望投入更多时间于其他 业务事宜，故已辞任执行董事、董事会主席以及公司提名委员会、策略委员会和投资及融资委员会各自 的主席;钱谱女士因希望投入更多时间于集团的其他业务事宜，故已辞任执行董事、公司行政总裁、上 市规则第3.05条项下的公司授权代表、根据香港法例第622章公司条例第16部代表公司在香港接收法律 程序文件及通知的授权代表，以及公司薪酬委员会、提名委员会、策略委员会和投资及融资委员会各自 的成员。周一杰先生因希望投入更多时间于其他业务事宜，故已辞任执行董事;刘晓伟先生因希望投入 更多时间于其他业务事宜，故已辞任非执行董事;郑穗军先生因希望投入更多时间于其他业务事宜，故 已辞任独立非执行董事、薪酬委员会主席以及审核委员会及提名委员会各自的成员。 同日起，吴宗传先生已获委任为执行董事、董事会主席、公司行政总裁、提名委员会、策略委员会和投 资及融资委员会各自的主席，以及薪酬委员会成员;刘伟雄先生已获委任为执行董事以及策略委员会和 投资及融资委员会各自的成员;幸曙光先生已获委任为执行董事、授权代表、法律程序文件代理人以及 策略 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 674.8 million, an increase of 59.7%, primarily due to the recovery of the supply chain business[8]. - The supply chain business recorded revenue of HKD 575.9 million, a growth of 93.1% compared to 2023, driven by demand recovery in China's manufacturing and construction sectors[7]. - The hotel management and catering services segment generated revenue of HKD 96.2 million, a decrease of 20.8% year-on-year, with losses reduced to HKD 1.1 million from HKD 7.7 million in 2023[8]. - The group recorded a net loss of approximately HKD 229,200,000 for the year ending December 31, 2024, compared to a net loss of HKD 202,200,000 in the previous year, with the increase mainly attributed to goodwill impairment losses of HKD 164,600,000[25]. - The group recorded a net loss of approximately HKD 229,199,000 for the year ending December 31, 2024, with current liabilities exceeding current assets by approximately HKD 216,047,000[157]. - The group reported a significant impairment loss of HKD 164,648,000 related to goodwill[182]. - The basic and diluted loss per share for the year was HKD 4.89, compared to HKD 5.09 in the previous year[182]. - Total comprehensive loss for the year amounted to HKD 238,977,000, up from HKD 216,739,000 in the previous year, indicating a year-over-year increase of about 10.5%[185]. Asset and Liability Management - The company's total liabilities rose to HKD 1,211,274,000 in 2024, compared to HKD 580,990,000 in 2023, marking an increase of approximately 108.5%[187]. - The equity attributable to shareholders increased to HKD 593,777,000 in 2024 from HKD 367,254,000 in 2023, representing a growth of about 61.6%[189]. - The total principal amount of borrowings was approximately HKD 490,321,000, with accrued compound and default interest totaling HKD 45,176,000 due within one year[173]. - The group has outstanding bank loans totaling approximately RMB 301,567,000 (approximately HKD 319,692,000) and related interest totaling RMB 41,711,000 (approximately HKD 44,217,000) as of December 31, 2024[173]. - The group’s current ratio decreased to 0.75 from 1.25 in 2023, attributed to increased trade payables and short-term borrowings related to acquisitions[32]. Strategic Initiatives - The company plans to focus on three strategic directions for 2025: deepening industrial synergy, optimizing financial structure, and accelerating digital transformation[9]. - The acquisition of the iron ore mining business has enabled vertical integration in the supply chain, laying the foundation for future business diversification[7]. - The company aims to enhance operational efficiency and strengthen market position through strategic partnerships and cost optimization initiatives[8]. - The company plans to expand its product offerings to achieve business and market diversification, positioning itself to benefit from future industry opportunities[57]. Credit and Receivables Management - The expected credit loss provision for trade receivables decreased by over 90% compared to the same period last year, indicating improved asset quality[8]. - The total amount of trade receivables overdue within 12 months was HKD 175.6 million, compared to HKD 388.7 million in 2023, while those overdue for more than 12 months increased to HKD 66.1 million from HKD 20.4 million[29]. - The company successfully recovered over RMB 300,000,000 in outstanding receivables in 2024, improving cash flow and ensuring sufficient operating capital[42]. - The group is actively monitoring receivables collection and assessing recoverability of overdue balances to mitigate credit risk[29]. Corporate Governance - The board of directors consists of seven members, including four executive directors, one non-executive director, and two independent non-executive directors as of December 31, 2024[125]. - The company is committed to maintaining high standards of corporate governance and has adhered to the corporate governance code throughout the review year[116]. - The audit committee is tasked with monitoring the effectiveness of internal controls and risk management systems[138]. - The company has established five board committees to assist in executing the board's responsibilities and monitoring specific areas of the group's affairs[135]. Market Outlook and Challenges - The macroeconomic outlook for 2025 is expected to be complex and challenging, influenced by geopolitical conflicts, inflation pressures, and supply chain restructuring[57]. - The company will continue to adapt to market changes and explore potential growth opportunities in the future[8]. - The company is committed to improving operational efficiency and customer satisfaction in the hotel management and catering services sector despite a challenging operating environment[57].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 PAK TAK INTERNATIONAL LIMITED * 2668 截至二零二四年十二月三十一日止年度 之年度業績公告 百 德 國 際 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度 之 經 審 核 綜 合 業 績 連 同 截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 之 經 審 核 比 較 數 字 如 下： * 僅供識別 – 1 – 綜合損益表 截至二零二四年十二月三十一日止年度 | | | 二零二四年 二零二三年 | | | | --- | --- | --- | --- | --- | | | | 千港元 附 註 千港元 | | | | 收 益 | | 2 674 ...

Revenue Performance - For the six months ended June 30, 2024, the total revenue of Pak Tak International Limited was HKD 378,500,000, a significant increase of 376.1% compared to HKD 79,500,000 for the same period in 2023[19]. - The supply chain business generated revenue of HKD 328,000,000, a substantial increase of HKD 311,200,000 from HKD 16,800,000 in the same period last year, attributed to the recovery of the Chinese market and consumer demand[15]. - The hotel management and catering services segment reported revenue of HKD 49,200,000, a decrease of 19.8% from HKD 61,400,000 in the previous year, primarily due to a return to normal market conditions after a strong recovery in the first half of 2023[16]. - The company reported revenue of HKD 378,542,000 for the six months ended June 30, 2024, a significant increase from HKD 79,501,000 in the same period of 2023, representing a growth of approximately 376%[47]. - Revenue from supply chain business products amounted to HKD 326,800,000, while hotel management and catering services generated HKD 42,963,000, indicating a strong performance in these segments[63]. Financial Position - The company recorded a net loss of approximately HKD 36.8 million for the six months ended June 30, 2024, compared to a net loss of HKD 74.2 million for the same period in 2023, primarily due to a significant reduction in expected credit losses from trade receivables in the supply chain business[21]. - Total assets as of June 30, 2024, were HKD 571,489,000, down from HKD 622,283,000 at the end of 2023, a decrease of about 8%[50]. - The company's total equity decreased to HKD 319,606,000 from HKD 367,254,000, reflecting a decline of about 13%[51]. - The company’s total liabilities exceeded its cash and cash equivalents by approximately HKD 298,530,000 as of June 30, 2024[58]. - The company’s capital debt ratio was 116.2% as of June 30, 2024, compared to 103.9% as of December 31, 2023, indicating a stable financial position[24]. Cash Flow and Liquidity - As of June 30, 2024, the company's cash and cash equivalents were HKD 17.1 million, down from HKD 85.4 million as of December 31, 2023, while interest-bearing borrowings totaled HKD 371.5 million[24]. - Operating cash flow generated a net cash outflow of HKD 57,800,000 for the six months ended June 30, 2024, compared to a net inflow of HKD 26,795,000 in the same period of 2023[55]. - The company has implemented plans to alleviate liquidity pressure, including negotiating repayment terms with banks and obtaining additional funding through shareholder loans[59]. - The company is actively pursuing measures to accelerate the collection of receivables from customers, which is critical for improving cash flow[59]. - The company has forecasted cash flow for at least the next 12 months, indicating confidence in its operational funding and ability to meet financial obligations[59]. Investment and Acquisitions - The company is in the process of acquiring a company primarily engaged in the production and sale of iron ore and iron concentrate, which is viewed as a strategic move to diversify revenue sources and capitalize on future economic opportunities[34]. - The company plans to continue leasing its investment properties to generate rental income and may consider selling them at an appropriate time to increase operational funds[17]. - The company has no significant investments as of June 30, 2024, and has not engaged in any major acquisitions or disposals of subsidiaries or associates during the reporting period[29][30]. Credit Loss and Receivables - The company expects a reversal of credit loss provisions, with a recovery of HKD 3,200,000 for the six months ended June 30, 2024, compared to a provision of HKD 49,400,000 in the same period last year, due to the recovery of significant overdue receivables[20]. - Trade receivables (net of expected credit loss provisions) stood at HKD 442.9 million as of June 30, 2024, up from HKD 413 million as of December 31, 2023, with overdue trade receivables exceeding 12 months at HKD 91.3 million[23]. - The expected credit loss model indicated a provision of HKD 3,196,000 for trade receivables for the six months ended June 30, 2024, compared to HKD 47,627,000 for the same period in 2023, reflecting a significant decrease in credit loss provisions[80]. Corporate Governance and Compliance - The company has complied with the corporate governance code, with the exception of the chairman's absence at the annual general meeting due to other business commitments[43]. - There have been no changes in the information of directors since the last annual report[40]. - No directors have any interests in businesses that directly or indirectly compete with the company[39]. - The company has confirmed that all directors have complied with the securities trading code during the six months ending June 30, 2024[44]. Legal and Regulatory Matters - The company has a pending legal claim from Huaxia Bank for approximately RMB 294.3 million (equivalent to about HKD 322.6 million) due to a breach of loan agreement by its subsidiary, Shenzhen Jinsong Supply Chain Co., Ltd.[100]. - The legal proceedings related to the claim are still in the preliminary stage, and the board believes it is too early to assess the potential outcomes or impacts on the company's financial position[101].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 378,542,000, a significant increase from HKD 79,501,000 in the same period of 2023, representing a growth of 376%[2] - The net loss for the period was HKD 36,808,000, an improvement compared to a net loss of HKD 74,171,000 in the prior year, reflecting a reduction of 50.3%[3] - Total comprehensive loss for the period amounted to HKD 47,648,000, down from HKD 92,336,000 in the previous year, indicating a decrease of 48.6%[3] - The basic and diluted loss per share for the period was HKD 0.79, compared to HKD 1.90 in the same period last year, showing an improvement of 58.6%[2] - The company incurred a pre-tax loss of HKD 36,676,000 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 72,026,000 for the same period in 2023, indicating an improvement in financial performance[13][15] - The company reported a loss attributable to equity shareholders of HKD 36,808,000 for the six months ended June 30, 2024, compared to a loss of HKD 74,104,000 for the same period in 2023[23] - The company incurred operating losses of HKD 5,130,000 for the six months ended June 30, 2024, compared to an operating profit of HKD 584,000 for the same period in 2023[17] - The company recorded a fair value loss on investment properties of HKD 5,130,000, compared to a loss of HKD 11,364,000 in the previous year, indicating a reduction of 54.9%[2] Revenue Breakdown - Revenue from the supply chain business was HKD 327,019,000, while hotel management and catering services generated HKD 42,963,000 during the same period[14] - The supply chain business generated revenue of HKD 328,000,000, a substantial increase of HKD 311,200,000 year-on-year, attributed to the recovery of the Chinese market and consumer demand[43] - The hotel management and catering services segment reported revenue of HKD 49,200,000, a decrease of 19.8% compared to HKD 61,400,000 in the same period last year[44] Assets and Liabilities - Cash and cash equivalents as of June 30, 2024, were HKD 17,146,000, a decline from HKD 85,362,000 at the end of 2023[4] - The total assets less current liabilities stood at HKD 398,224,000, down from HKD 449,570,000 as of December 31, 2023[4] - Non-current assets decreased to HKD 301,443,000 from HKD 325,957,000, reflecting a reduction of 7.5%[4] - As of June 30, 2024, total assets amounted to HKD 872,932,000, a decrease from HKD 948,240,000 as of December 31, 2023[16] - Total liabilities as of June 30, 2024, were HKD 553,326,000, down from HKD 580,986,000 as of December 31, 2023[16] - The capital debt ratio increased to 116.2% as of June 30, 2024, compared to 103.9% as of December 31, 2023, indicating a rise in leverage[54] Cash Flow and Liquidity - The company is actively negotiating with banks to revise repayment terms to alleviate liquidity pressure and improve financial conditions[8] - Plans are in place to secure additional funding through shareholder loans to repay overdue bank borrowings[8] - The company has accelerated measures to recover payments from customers, which is critical for improving cash flow[8] - The liquidity ratio was reported at 1.20 as of June 30, 2024, slightly down from 1.25 as of December 31, 2023, reflecting stable financial resources[54] Legal and Governance Issues - The company is facing a lawsuit from a bank for the recovery of principal and interest amounting to approximately HKD 314,901,000, which exceeds the company's cash and cash equivalents[7] - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with no dividend in the same period of 2023[24] - The company has adhered to the corporate governance code principles as of June 30, 2024, with the exception of the chairman's absence at the annual general meeting due to other business commitments[64] - All directors have confirmed compliance with the standard code of conduct for securities trading during the six-month period ending June 30, 2024[65] - The audit committee has reviewed the unaudited interim financial statements for the six months ending June 30, 2024, and believes they comply with applicable accounting standards and listing rules[66] Operational Changes and Strategies - The company aims to enhance the performance of its supply chain business by focusing on the domestic market and actively seeking new potential clients[43] - The company has implemented prudent strategies to adapt to changing market dynamics in the hotel and catering services sector, aiming to improve product and service quality[45] - The expected credit loss provision decreased from HKD 49,400,000 to a reversal of HKD 3,200,000, mainly due to the recovery of significant overdue receivables in the supply chain business[49] - The group plans to acquire a company engaged in iron ore and iron concentrate production, which is expected to diversify revenue sources and enhance sustainable development[61] - The group aims to strengthen its supply chain business performance and achieve vertical integration for cost efficiency following the acquisition[62] Employee and Management Information - The total remuneration for key management personnel was HKD 2,191,000 for the six months ended June 30, 2024, compared to HKD 1,987,000 for the same period in 2023[38] - Employee count decreased to approximately 280 as of June 30, 2024, from 310 a year earlier, indicating a reduction in workforce[59] Other Financial Information - The company has implemented changes in accounting policies, but these have not significantly impacted the financial results for the current or prior periods[10] - The company recorded interest income of HKD 154,000 for the six months ended June 30, 2024, a significant decrease from HKD 1,174,000 in 2023[17] - The company purchased property, plant, and equipment amounting to approximately HKD 2,650,000 during the six months ended June 30, 2024[25] - The company recorded a fair value loss of HKD 96,000 on financial assets for the six months ended June 30, 2024[17] - The investment property in Yunfu generated rental income of HKD 1,300,000, with a fair value of HKD 165,200,000 as of June 30, 2024[46] - Direct costs and operating expenses surged from HKD 67,500,000 to HKD 361,500,000, an increase of HKD 294,000,000, primarily due to the significant growth in the supply chain business[49] - Trade receivables and other receivables amounted to HKD 442.9 million as of June 30, 2024, up from HKD 413 million as of December 31, 2023, with overdue trade receivables of HKD 17.3 million within 12 months[52] - Cash and cash equivalents decreased to HKD 17.1 million as of June 30, 2024, from HKD 85.4 million as of December 31, 2023, while interest-bearing borrowings stood at HKD 371.5 million[53] - The group has provided financial guarantees amounting to HKD 298.5 million as of June 30, 2024, down from HKD 305.8 million as of December 31, 2023[57] - The group has no significant investments or major acquisitions during the reporting period, maintaining a conservative capital expenditure approach[58] - The fair value loss of investment properties was HKD 11,400,000, reflecting challenges in the commercial environment in China[51]

Financial Performance - The company recorded a net loss of approximately HKD 202,200,000 for the year ending December 31, 2023, compared to a net loss of HKD 14,300,000 for the year ending December 31, 2022, primarily due to significant increases in expected credit losses and fair value losses on investment properties [6]. - Total revenue for the year ended December 31, 2023, was HKD 422,500,000, a decrease of 41.8% from HKD 726,500,000 for the year ended December 31, 2022 [185]. - The supply chain business generated revenue of HKD 298,300,000 for the year ended December 31, 2023, significantly down from HKD 632,200,000 in the previous year [179][185]. - The hotel management and catering services segment contributed revenue of HKD 121,500,000 for the year ended December 31, 2023, showing growth despite challenges [180]. - The company’s independent auditor has issued a disclaimer of opinion on the consolidated financial statements due to the significance of the matters described [14]. Asset and Liability Management - Fair value losses on investment properties amounted to HKD 55,400,000, a substantial increase from HKD 400,000 in the previous year, attributed to a sluggish real estate market in China [7]. - Trade receivables and other receivables decreased by HKD 224,000,000, mainly due to a reduction in trade receivables from supply chain operations, reflecting a slowdown in business [8]. - The company faces immediate repayment demands on two interest-bearing bank loans totaling approximately RMB 301,567,000 (approximately HKD 330,578,000) as of December 31, 2023 [15]. - As of December 31, 2023, the company faces a maximum liability of HKD 305,800,000 due to breaches of loan agreements secured by the company [32]. - The company reported a total borrowings of approximately HKD 367.3 million as of December 31, 2023, down from HKD 448.5 million in 2022, representing a decrease of about 18.5% [92]. Cash Flow and Liquidity - The company's cash and cash equivalents increased to HKD 85,400,000 as of December 31, 2023, up from HKD 37,700,000 in the previous year, while interest-bearing borrowings decreased to HKD 381,600,000 from HKD 470,900,000 [13]. - The debt-to-equity ratio rose to 103.9% as of December 31, 2023, compared to 82.8% in the previous year, primarily due to significant losses impacting shareholder equity [13]. - The company has a current ratio of 1.25, indicating stable liquidity compared to 1.29 in the previous year [13]. - The board has prepared cash flow forecasts covering at least the next twelve months, believing the company will have sufficient working capital to meet its financial obligations [17]. - The company has successfully recovered trade receivables exceeding RMB 76,000,000, aiding in ensuring sufficient operating capital through cash inflows [26]. Strategic Initiatives - The company plans to obtain additional funding through shareholder loans to repay overdue bank loans, with one major shareholder verbally agreeing to provide necessary funds if needed [24]. - The company is actively pursuing the acquisition of a company engaged in iron ore and iron concentrate production to diversify its supply chain business [52]. - The company aims to enhance customer value creation and strengthen core competitiveness through strategic acquisitions and operational improvements in 2024 [175]. - The management is focusing on domestic market opportunities and expects an increase in demand for the supply chain business [179]. - The company will continue to focus on advancing its hotel management and catering services business [52]. Governance and Compliance - The company has complied with applicable laws and regulations without any significant violations during the fiscal year ending December 31, 2023 [131]. - The company has adopted a standard code for securities trading that meets or exceeds the listing rules [141]. - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors [144]. - The board is committed to reviewing the effectiveness of the corporate governance structure and making changes as necessary [140]. - All independent non-executive directors confirmed their independence annually, ensuring compliance with listing rules [152]. Employee and Operational Insights - As of December 31, 2023, the total employee cost was approximately HKD 58,200,000, accounting for 13.8% of the company's revenue [47]. - The company had approximately 300 employees as of December 31, 2023, down from about 330 employees in 2022 [47]. - The overall gender diversity within the company is approximately 43%, with 129 out of 302 employees being female [197]. - The management is focused on operational efficiency and a customer-centric approach to drive sustainable growth in the hotel management and catering services sector [192]. - The company has implemented decisive measures in response to challenges, including modifying penalties and suspending order acceptance due to delayed payments from several clients [191].

Financial Performance - The company reported a revenue of HKD 422,492,000 for the year ended December 31, 2023, a decrease of 41.8% compared to HKD 726,536,000 in 2022[11]. - The net loss for the year was HKD 202,150,000, significantly higher than the loss of HKD 14,261,000 in the previous year, representing a year-over-year increase of 1,319.5%[11]. - The total comprehensive loss for the year was HKD 216,739,000, compared to HKD 77,493,000 in 2022, indicating a substantial increase in overall losses[12]. - The company reported a net loss attributable to shareholders of HKD 201,747,000 for 2023, compared to a loss of HKD 14,259,000 in 2022, indicating a significant increase in losses[60]. - The company reported a pre-tax loss of HKD 199,451,000 for the current period, reflecting ongoing operational challenges[50]. Revenue Breakdown - Total revenue from external customers was HKD 422,492,000, with the supply chain business contributing HKD 298,284,000, property investment contributing HKD 2,672,000, and hotel management and catering services contributing HKD 121,536,000[66]. - Revenue from supply chain business products was HKD 294,706,000, down 53.0% from HKD 626,693,000 in the previous year[17]. - The supply chain business generated revenue of HKD 298,300,000, down from HKD 632,200,000 in the previous year[143]. - Revenue from hotel management and catering services increased from HKD 87,500,000 in 2022 to HKD 121,500,000 in 2023, showing growth despite challenges[170]. Expenses and Costs - Direct costs and operating expenses decreased to HKD 389,177,000 from HKD 689,812,000, reflecting a reduction of 43.6%[11]. - The company recorded a significant increase in administrative expenses, which rose to HKD 43,612,000 from HKD 43,174,000, a rise of 1.0%[11]. - The company reported a total cost of goods sold of HKD 293,191,000 from supply chain operations, down from HKD 594,619,000 in the previous year, indicating a reduction of approximately 50.7%[34]. - The company incurred financial costs of HKD 31,863,000 during the year, contributing to the overall loss[86]. Asset and Liability Management - The company's total assets decreased from HKD 658,903,000 in 2022 to HKD 449,570,000 in 2023, reflecting a decline in overall asset value[52]. - The company's equity total decreased from HKD 568,923,000 in 2022 to HKD 367,254,000 in 2023, indicating a decline in shareholder equity[55]. - The total liabilities as of December 31, 2023, were HKD 580,986,000, compared to HKD 758,884,000 in 2022, indicating a reduction in debt[88]. - The company's overdue receivables over 12 months increased to HKD 20,408,000 in 2023 from HKD 17,354,000 in 2022, representing a 6.06% increase[102]. - The company's bank loans amounted to HKD 367,308,000 in 2023, down from HKD 448,450,000 in 2022, reflecting a reduction of 18.06%[127]. Credit Risk and Provisions - The company recognized an expected credit loss provision of HKD 60,090,000 for trade receivables, which increased from HKD 18,259,000 in the previous year, reflecting a significant rise in credit risk[34]. - The expected credit loss provision increased to HKD 89,000,000, up from HKD 19,500,000 in the previous year, primarily due to delayed payments from several customers in the supply chain business[147]. - The net expected credit loss provision for the supply chain business was HKD 56,199,000 in 2023, up from HKD 15,725,000 in 2022[89]. Funding and Liquidity - The company plans to obtain additional funding through shareholder loans to address liquidity issues and repay overdue bank loans[24]. - Cash and cash equivalents at year-end were HKD 85,362,000, which is insufficient to cover the total overdue bank loans of approximately HKD 330,578,000[24]. - The company has outstanding loans totaling approximately RMB 294,300,000 (about HKD 322,612,000) that have not been repaid, leading to legal claims from the bank[108]. - The company is actively negotiating with banks to revise repayment terms for existing loans that were demanded for immediate repayment due to covenant breaches[24]. Future Outlook and Strategy - For 2024, the group is cautiously optimistic about its supply chain business and is actively managing risks while exploring growth opportunities[194]. - The company plans to enhance product and service quality in hotel management and catering services to maintain competitiveness[141]. - The group is in discussions with banks to renew and extend overdue bank loans, expecting successful negotiations in the coming months[195].

智通财经APP获悉，百德国际(02668)大涨超24%，创阶段新高，截至发稿，涨24.29%，报0.43港元，成交额156万港元。 消息面上，百德国际公布，于2024年2月29日，该公司拟向宗传投资控股有限公司收购宗传投资集团有限公司全部已发行股本，代价为约人民币2.9亿元，公司将以每股代价股份0.336港元的发行价向卖方或其指定第三方配发及发行9.5亿股代价股份的方式支付。 于完成后，该集团将持有目标公司全部已发行股本，使目标集团(包括(其中包括)主要于中国从事生产及销售金属商品的抚顺兴洲)将成为公司附属公司，其财务业绩将于公司财务报表综合入账。 公告称，透过收购事项，该集团能够将抚顺兴洲的铁矿石及铁精粉生产及销售业务纳入其现有供应链业务，从而实现业务及市场多元化。 ...

（於百慕達註冊成立之有限公司） 股份代號: 2668 2023 INTERIM REPORT 2023 中 期 報 告 其他資料 10 中期簡明綜合財務報表審閱報告 14 簡明綜合損益表 15 簡明綜合損益及其他全面收益表 16 簡明綜合財務狀況表 17 簡明綜合權益變動表 19 簡明綜合現金流量表 20 目錄 公司資料 2 管理層討論及分析 4 中期財務資料附註 21 1 二零二三年中期報告 | --- | --- | |-----------------------------------------|------------------------------------------------------------------------------| | | | | 公司資料 | | | 董事會 | 投資及融資委員會 | | 執行董事 | 廖南鋼先生 （主席） | | 廖南鋼先生 （主席） | 錢譜女士 | | 錢譜女士 （行政總裁） | 公司秘書 | | 王建先生 寧杰先生 | 施吉文先生 | | 非執行董事 | 授權代表 | | 劉曉偉先生 | 錢譜女士 | | 獨立非執行董事 | 施吉文先生 ...

Revenue Performance - For the six months ended June 30, 2023, total revenue decreased to HKD 79,501 thousand, down 78.8% from HKD 374,684 thousand in the same period of 2022[10] - Revenue from sales of supply chain products was HKD 14,937 thousand, a significant drop of 95.6% compared to HKD 338,876 thousand in the previous year[6] - Revenue from hotel management and catering services increased to HKD 53,424 thousand, up 121.9% from HKD 24,165 thousand in the prior year[6] - The group's total revenue for the six months ended June 30, 2023, was HKD 79,500,000, a decrease of 78.8% compared to HKD 374,700,000 for the same period in 2022[138] - The supply chain business generated revenue of HKD 16,800,000 for the six months ended June 30, 2023, down from HKD 342,500,000 in the previous year[138] - The hotel management and catering services segment reported revenue growth from HKD 28,400,000 to HKD 61,400,000 during the same period[139] Financial Losses - The company reported a loss before tax of HKD 72,026 thousand, compared to a profit of HKD 33,762 thousand in the same period last year[10] - The net loss attributable to equity shareholders for the period was HKD 74,104 thousand, compared to a profit of HKD 31,266 thousand in the previous year[10] - Total comprehensive loss for the period amounted to HKD 92,336 thousand, compared to a total comprehensive income of HKD 10,639 thousand in the same period of 2022[12] - The group reported a loss before tax of HKD 72,026,000 for the six months ended June 30, 2023, compared to a profit before tax of HKD 33,762,000 for the same period in 2022[23][24] - The group’s total comprehensive income for the six months ended June 30, 2023, was a loss of HKD 74,171,000, compared to a profit of HKD 31,266,000 for the same period in 2022[23][24] - The net loss for the six months ended June 30, 2023, was approximately HKD 74,200,000, compared to a net profit of HKD 31,300,000 for the same period in 2022[113] Asset and Liability Changes - Non-current assets decreased to HKD 432,914 thousand as of June 30, 2023, down from HKD 462,121 thousand at the end of 2022[13] - Current assets decreased to HKD 650,538 thousand, compared to HKD 865,686 thousand at the end of the previous year[13] - Total liabilities decreased to HKD 519,177 thousand from HKD 668,904 thousand at the end of 2022[14] - The company's equity attributable to equity shareholders decreased to HKD 476,651 thousand from HKD 568,923 thousand at the end of 2022[14] - As of June 30, 2023, total assets amounted to HKD 1,083,452,000, a decrease from HKD 1,327,807,000 as of December 31, 2022[50] - Total liabilities as of June 30, 2023, were HKD 603,305,000, down from HKD 758,884,000 as of December 31, 2022[50] - The company’s trade receivables at the end of the reporting period were HKD 452,708,000, a decrease from HKD 634,037,000 as of December 31, 2022[65] - The company had bank loans secured amounting to HKD 362,426,000 as of June 30, 2023, compared to HKD 435,996,000 as of December 31, 2022[70] - The company’s trade payables were HKD 76,117,000 as of June 30, 2023, compared to HKD 152,386,000 as of December 31, 2022[68] - The company’s supply chain business reported segment assets of HKD 533,520,000 as of June 30, 2023, down from HKD 746,028,000 as of December 31, 2022[50] - The company’s deferred tax assets and liabilities were HKD 4,782,000 and HKD 36,298,000 respectively as of June 30, 2023[50] Operational Efficiency and Cost Management - The company focused on enhancing procurement cost control and optimizing operational efficiency in its hotel management and catering services segment[108] - The group continues to focus on operational efficiency and customer experience to drive growth in the competitive hotel management and catering services industry[136] - The company implemented stricter credit risk control measures, leading to a reduction in sales orders and delayed payments from several customers[78] - Direct costs and operating expenses decreased significantly from HKD 327,600,000 to HKD 67,500,000 for the six months ended June 30, 2023[112] - Financial costs reduced from HKD 17,200,000 to HKD 12,500,000 due to loan repayments during the same period[113] Employee and Corporate Structure - As of June 30, 2023, the group had approximately 310 employees, a decrease from about 400 employees as of June 30, 2022[155] - The group has provided corporate guarantees for financing to several subsidiaries, with a guarantee amount of HKD 300,900,000 as of June 30, 2023, down from HKD 314,700,000 as of December 31, 2022[165] Dividends and Shareholder Returns - The group did not declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[31] - The board does not recommend any interim dividend for the six months ended June 30, 2023, consistent with zero dividend for the same period in 2022[169] Credit Loss Provisions - The group recorded an increase in expected credit loss provisions from HKD 1,800,000 to HKD 49,400,000 due to delayed payments from certain customers in the supply chain business[141] - The group's trade receivables (net of expected credit loss provisions) were HKD 442,100,000 as of June 30, 2023, down from HKD 624,200,000 as of December 31, 2022[144] - The company recorded an impairment loss of HKD 49,360,000 for trade receivables and other receivables during the six months ended June 30, 2023[93]