FF301 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 公司名稱: 金至尊集團(國際)有限公司 呈交日期: 2025年8月4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) | 02882 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000,000 | HKD | | 0.001 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 200,000,000,000 | HKD | | 0.001 | HKD | | 200,000,000 | | 2. 股份分 ...

DISTRIBUTION NETWORK 分銷網絡 | | | | 31 March | 30 June | | | --- | --- | --- | --- | --- | --- | | | Countries | | 2025 | 2024 | Y-o-Y | | | and Regions | | 2025年 | 2024年 | Changes | | | 國家及地區 | | 3月31日 | 6月30日 | 按年變化 | | Self-operated Shops | Mainland China1 中國內地1 | | 99 6 | 72 5 | +27 +1 | | | Hong Kong SAR, China2 中國香港特別行政區2 | | | | | | 自營店 | Macau SAR, China3 中國澳門特別行政區3 | | 0 | 1 | -1 | | | | Sub-total 小計 | 105 | 78 | +27 | | Licensed Shops | Mainland 內地 | | 132 | 141 | -9 | | 品牌店 | Overseas 海外 | | 1 | – ...

Financial Performance - Total revenue for the company reached HK$370 million, representing a year-on-year increase of 47%[8] - The segment loss for the overall business increased by 111% to HK$28 million, with a segment loss margin of 7%[11] - Retailing segment revenue grew by 49% to HK$331 million, but the segment loss increased by 638%[11] - The company reported a year-on-year revenue increase of 132% in Hong Kong, Macau, and overseas markets, with losses in this segment increasing by 336%[8] - Gold and platinum sales accounted for HK$290 million, a 55% increase year-on-year, with a gross profit margin of 30%[15] - Same-store sales (SSS) in Hong Kong and Macau decreased by 31%, but overall revenue in these regions increased by 127%[16] - The mainland market revenue grew by 32% to HK$282 million, with a segment loss of HK$15 million, an increase of 44%[8] - Total revenue increased by 47% to HK$370,250,000 for the six months ended December 31, 2024, compared to HK$251,762,000 in the same period of 2023[21] - Gross profit rose by 54% to HK$119,660,000, with an overall gross margin improvement of 1 percentage point to 32%[21] - Operating loss surged by 198% to HK$90,697,000, with the operating loss margin widening to 24%[24] - Loss for the period increased by 14% to HK$112,721,000, while the net loss margin decreased by 9 percentage points to 30%[24] - Excluding gold hedging losses, the adjusted loss for the period would be HK$52,283,000, reflecting a reduction of 47%[24] - Loss attributable to equity holders decreased by 8% to HK$49,978,000[24] Shop and Distribution Network - The number of self-operated shops increased to 93, up by 21 from the previous period, while licensed shops decreased to 139, down by 2[6] - The company expanded its distribution network to 241 shops, an increase of 22 from the previous period[2] - The total number of shops increased to 241 as of December 31, 2024, up from 219 on June 30, 2024[25] - The total number of self-operated shops increased to 101, up by 36% year-on-year, while licensed shops decreased to 140, down by 17%[29] - The Group operated a total of 232 shops in Mainland as of December 31, 2024, including 139 licensed shops and 93 self-operated shops[72] Inventory and Financial Position - Average inventory turnover days increased by 63 days to 615 days as of December 31, 2024[18] - The Group's inventory increased by 34% to HK$977,573,000 (30 June 2024: HK$728,097,000), with average inventory turnover days at 615 days[90] - The debt-to-equity ratio was 570% as of 31 December 2024, compared to 537% on 30 June 2024[83] - The Group's cash and bank balances amounted to HK$32,227,000 as of December 31, 2024[86] - The Group's total capital commitments were HK$4,319,000 as of December 31, 2024 (30 June 2024: HK$509,000)[93] - The Group's liabilities taken up and waived by a shareholder during the year ended June 30, 2024, amounted to approximately HK$12,018,000[186] - Current liabilities increased to HK$1,977,013,000 from HK$1,510,894,000, reflecting a rise of about 31%[180] - Net current liabilities reached HK$845,156,000, worsening from HK$682,645,000, indicating a deterioration of approximately 24%[180] Corporate Governance and Shareholder Information - The Board has resolved not to recommend an interim dividend for the period[120] - As of December 31, 2024, the total number of issued shares of the company is 269,671,601 shares[127] - Mr. WONG Ho Lung, Danny holds a long position of 201,737,311 shares, representing 74.81% of the total shares[126] - The company maintains compliance with the Corporate Governance Code, with no known deviations during the review period[162] - The company emphasizes good corporate governance practices, focusing on a quality Board and sound risk management[155] - The roles of chairman and chief executive are currently held by the same individual, with plans to review this structure periodically[161] Strategic Initiatives and Market Outlook - The Group is optimistic about mid- to long-term prospects, focusing on expanding its footprint in the Mainland market amid improving macroeconomic conditions[103] - The Group has launched a new three-year corporate strategy centered on Mainland Market Expansion, Branding, and Operational Efficiency[108] - The Group aims to enhance its e-commerce presence and promote affordable luxury jewellery to attract young consumers[109] - The Group has refreshed its store image to create a comfortable shopping experience, integrating a new theme concept of "Stylish Femme" into its decor[114] - The Group is leveraging Luk Fook's systems to improve operational efficiency through supply chain management and data analytics[115] Awards and Recognition - The company received multiple awards in 2024, including the "Outstanding Corporate Strategy Awards" and "Quality Service Retailer of the Year"[123] - The company is recognized for its ESG efforts with the "CAPITAL – ESG Awards 2024"[123] - The company has been acknowledged for its service quality in the "Hong Kong Happy Shopping Festival 2024"[123]

Financial Performance - For the first half of the fiscal year 2024/25, revenue reached HKD 370.25 million, an increase of 47% compared to the same period last year[3]. - Gross profit increased by 54% to HKD 119.66 million, with a gross margin improvement of 1 percentage point to 32%[4]. - The loss for the period increased by 14% to HKD 112.72 million, primarily due to a surge in gold prices affecting the fair value of gold loans[3]. - Adjusted loss, excluding gold hedging losses, decreased by 47% to HKD 52 million[3]. - The loss attributable to equity holders decreased by 8% to HKD 49.98 million, with a basic loss per share of HKD 0.19[4]. - Total operating expenses as a percentage of revenue improved by 2 percentage points to 44%[4]. - The company reported a comprehensive loss of HKD 131.17 million for the period, compared to HKD 88.29 million in the previous year[9]. - The company reported a net loss of approximately HKD 112,721,000 for the six months ending December 31, 2024[25]. - The company reported a net loss of HKD 112,721,000 for the period, compared to a net loss of HKD 90,770,000 in the previous year, indicating ongoing financial challenges[40][42]. Assets and Liabilities - Non-current assets increased to HKD 340.13 million from HKD 285.79 million[11]. - As of December 31, 2024, the total current liabilities amounted to HKD 1,977,013,000, an increase from HKD 1,510,894,000 as of June 30, 2024, reflecting a growth of approximately 30.8%[13]. - The net current liabilities stood at HKD (845,156,000) as of December 31, 2024, compared to HKD (682,645,000) on June 30, 2024, indicating a deterioration of about 24%[13]. - Non-current liabilities totaled HKD 199,687,000 as of December 31, 2024, up from HKD 176,675,000 as of June 30, 2024, representing an increase of approximately 13%[15]. - The company’s total assets minus current liabilities were reported at HKD (505,022,000) as of December 31, 2024, compared to HKD (396,860,000) on June 30, 2024, indicating a decline of approximately 27.3%[13]. - The company’s equity attributable to equity holders was reported at HKD (381,990,000) as of December 31, 2024, compared to HKD (314,505,000) on June 30, 2024, reflecting a decrease of about 21.4%[15]. - The company’s total liabilities net of equity amounted to HKD (704,709,000) as of December 31, 2024, compared to HKD (573,535,000) on June 30, 2024, indicating an increase of approximately 22.9%[15]. Revenue Breakdown - Retail revenue from Mainland China was HKD 404,896,000, while retail revenue from Hong Kong and Macau was HKD 94,348,000, contributing significantly to the overall revenue[40]. - Total revenue increased by 47% to HKD 370,250,000 for the six months ended December 31, 2024, compared to HKD 251,762,000 in 2023[59]. - Retail revenue rose by 49% to HKD 330,502,000 (2023: HKD 221,706,000), accounting for 89% of total revenue (2023: 88%), with a segment loss of HKD 16,526,000 (2023: HKD 2,240,000) and a loss margin of 5% (2023: 1%)[67]. - Wholesale revenue increased by 33% to HKD 25,317,000 (2023: HKD 19,028,000), representing 7% of total revenue (2023: 8%), with a segment loss of HKD 297,000 (2023: HKD 2,589,000) and a loss margin of 1% (2023: 13%)[68]. - Overall revenue from mainland China increased by 32% to HKD 282,283,000, accounting for 76% of total revenue[95]. - E-commerce revenue in mainland China surged by 163% to HKD 80,697,000, making up 33% of retail revenue[95]. Operational Metrics - The number of stores increased to 241 as of December 31, 2024, compared to 241 stores as of June 30, 2024[59]. - The number of global stores increased to 241 as of December 31, 2024, up from 219 on June 30, 2024, with significant expansion in mainland China[62]. - The number of stores in mainland China increased to 232, including 139 brand stores and 93 self-operated stores[91]. - The group had a net cash balance of HKD 32,227,000 as of December 31, 2024, with a debt-to-equity ratio of 570%[97]. - The group’s total inventory increased by 34% to HKD 977,573,000, with an average inventory turnover period of 615 days[99]. - Capital expenditure during the review period was HKD 22,808,000, significantly up from HKD 3,559,000 in the previous year[101]. - As of December 31, 2024, the group had 1,144 employees, an increase from 978 employees on June 30, 2024[106]. Strategic Initiatives - The company aims to expand its retail and wholesale operations in Mainland China and Hong Kong, focusing on increasing market share in the jewelry sector[34]. - The group is adjusting its strategy to address market challenges, with a focus on promoting non-diamond jewelry products to enhance overall performance[108]. - The group is optimistic about growth opportunities in overseas markets and has begun expanding its international business, initially focusing on Asian countries[109]. - The new three-year corporate strategy emphasizes expanding the mainland market, building the brand, and improving operational efficiency[109]. - The group aims to enhance its e-commerce presence and strengthen partnerships with various online platforms to attract younger consumers[111]. Governance and Compliance - The group is committed to maintaining good corporate governance practices and has complied with all relevant codes, except for the separation of the roles of Chairman and CEO[116]. - The board has decided not to declare an interim dividend for ordinary shareholders during this period[115]. - The group has not purchased, sold, or redeemed any of its listed securities during the review period[119]. - The mid-term performance announcement will be published on the Hong Kong Stock Exchange and the company's website[121].

Shop Operations - As of June 30, 2024, the total number of self-operated shops increased to 78, up by 18 from 60 in the previous year, while licensed shops decreased to 141, down by 29 from 170[1] - The total number of shops in Mainland China is 213, reflecting a decrease of 14 compared to the previous year[3] - The total number of licensees in Mainland China decreased to 84, down by 18 from the previous year, and the total number of cities served decreased by 7 to 80[2] - The number of self-operated shops in Northern China increased by 8 to 37, while licensed shops decreased by 15 to 64[2] - The distribution network decreased to 219 shops from 230, with a notable increase in self-operated shops in Hong Kong and Macau[34] Financial Performance - Overall revenue decreased by 5% to HK$587 million, with a segment loss of HK$48 million, indicating a loss margin of -8%[8] - Revenue for FY2024 decreased by 5% to HK$587 million compared to HK$619 million in FY2023[12] - The Group's total revenue decreased by 5% to HK$586,896,000 for the year, compared to HK$618,514,000 in the previous year[20] - The Group's loss for the year increased by 34% to HK$208,746,000, with a net margin widening by 11 percentage points to -36%[32] - Loss attributable to equity holders rose by 51% to HK$135,316,000, compared to HK$89,744,000 in the previous year[32] Revenue Breakdown - Revenue from Hong Kong and Macau reached HK$115 million, representing a year-on-year increase of 30%, but the segment loss increased by 117% to HK$24 million[8] - Revenue from Mainland China was HK$472 million, a decrease of 11% year-on-year, with a segment loss of HK$24 million, which reduced by 12%[8] - Retail revenue slightly declined by 2% to HK$532,209,000, accounting for 91% of total revenue, with a segment loss increasing by 3% to HK$22,175,000[37] - Gold and platinum sales increased by 3% to HK$452,000,000, with a gross profit of HK$112,000,000 and a margin of 25%[39] - The licensing segment experienced a revenue decline of 26% to HK$22,000,000, with a significant loss margin of -86%[36] Inventory and Cash Management - Inventory increased by 37% to HK$728 million, with average inventory turnover days rising to 552 days[13] - Cash and bank balances decreased by 55% to HK$32 million, while net cash position improved to HK$32 million from a net borrowing of HK$780 million[13] Strategic Initiatives - The Group is committed to enhancing its brand recognition through "3DG Prestige Service" and innovative product designs[15] - Following the acquisition of Luk Fook Holdings in January 2024, the Group plans to expand its licensing business beyond Mainland China[22] - The Group is shifting focus to non-diamond jewellery products due to sluggish demand for diamonds[24] - The Group anticipates that sales will rebound as consumers adapt to higher gold prices and the Renminbi strengthens[24] - The Group's strategic initiatives include upgrading store images to enhance customer experience and brand perception[23] Corporate Governance - The Board currently comprises four executive directors, one non-executive director, and four independent non-executive directors, ensuring a balance of skills and experiences appropriate to the Company's business requirements[91] - The Company has complied with all code provisions of the Corporate Governance Code during the Year under review, except for the deviation regarding the separation of roles between the chairman and chief executive officer[86] - The Board recognizes the importance of sound corporate governance practices to enhance shareholder value and safeguard shareholders' interests[78] - The Company is committed to maintaining a good corporate governance standard and ensuring compliance with applicable rules and regulations[78] - The existing Board composition, supported by Board Committees, is believed to ensure a balance of power and authority[87] Risk Management - The Company has established a Risk Management and Sustainability Committee to enhance risk management and ensure timely identification of risks[139] - The risk management framework is designed to manage key risks and is integrated into the internal control system as part of corporate governance[145] - The Audit Committee regularly reviews the effectiveness of the Company's risk management and internal control systems to safeguard shareholders' interests[133] - The Group identifies and assesses risks relevant to its strategies and objectives, ensuring alignment with operational goals[150] - The Group engages in periodic monitoring and reporting of risks, establishing an emergent risk reporting mechanism[151] Market Challenges - The company faces challenges from geopolitical tensions and economic uncertainties affecting consumer sentiment in the retail sector[18] - The Group's financial position and operations may be affected by economic risks, including possible economic slowdown or downturn in the global or Mainland economy[165] - The Group is facing strong competition in the jewellery industry and has developed branding strategies to enhance brand image and awareness[175] - Fluctuations in raw material prices could adversely affect profitability, prompting the Group to improve purchasing procedures to maintain reasonable costs[174] Community Engagement and Recognition - The Group's donations during the year amounted to approximately HK$28,000, an increase from HK$18,000 in 2023[195] - The Group received the "Hong Kong Q-Mark Service Scheme" certification in July 2023, recognizing its service excellence[73] - The Group was awarded the "Services Awards 2023 – Jewellery" by Capital in August 2023[74] - The Group achieved the "Best Label Award 2023 (Best Jewellery)" from Marie Claire in September 2023[74] - The Group received the "ESG Awards 2023" from CAPITAL in October 2023, highlighting its commitment to environmental, social, and governance standards[74]

Financial Performance - The total revenue for the fiscal year 2024 reached HKD 586.9 million, a decrease of 5% compared to HKD 618.5 million in 2023[2] - The gross profit increased by 6% to HKD 170.2 million, resulting in a gross margin of 29%, up 3 percentage points from the previous year[2] - The operating loss for the year increased by 58% to HKD 128.0 million, while the net loss rose by 34% to HKD 208.7 million[2][3] - The loss attributable to equity holders increased by 51% to HKD 135.3 million, with a basic loss per share of HKD 0.502[2][5] - The company reported a net loss of approximately HKD 208,746,000 for the year ending June 30, 2024[10] - The group's loss increased by 34% to HKD 208,746,000 (2023: HKD 155,719,000), with a net profit margin worsening by 11 percentage points to -36% (2023: -25%) due to hedge losses from rising gold prices[38] - The company incurred a net loss of HKD 157,269,000 for the year, with a pre-tax loss of HKD 159,954,000[18] - The company reported a pre-tax loss of HKD 140,144,000 for continuing operations in 2024, compared to a loss of HKD 88,293,000 in 2023[23] Operating Expenses and Liabilities - The total operating expenses as a percentage of revenue increased by 14 percentage points to 55%[2] - Current liabilities amounted to HKD 1,510,894,000, a decrease from HKD 2,006,898,000 in the previous year[7] - The net current liabilities increased to HKD 682,645,000 from HKD 450,906,000 year-over-year[7] - Non-current liabilities rose to HKD 176,675,000, compared to HKD 144,134,000 in the previous year[7] - The company has a total equity deficit of HKD 573,535,000, up from HKD 370,739,000 in the previous year[7] Revenue Sources and Segments - Retail revenue from Mainland China reached HKD 402,360,000, while retail revenue from Hong Kong and Macau was HKD 88,028,000, contributing to a total revenue of HKD 490,388,000 from retail goods[18] - The company reported a total revenue of HKD 804,292,000, including HKD 29,599,000 from brand services and HKD 183,802,000 from new media marketing services[18] - Retail business remained the main revenue source, contributing 91% of total revenue, with retail revenue slightly down by 2% to HKD 532,209,000 (2023: HKD 545,494,000)[42] - The group has identified three reportable segments as of June 30, 2023: retail and franchise business selling gold and jewelry products in Mainland China, retail business selling gold and jewelry products in Hong Kong and Macau, and new media marketing services in Mainland China[15] Inventory and Cash Flow - The inventory level increased to HKD 728.1 million, up from HKD 532.9 million in 2023[6] - The company reported an operating cash outflow of HKD 4,822,000 for the period from July 1, 2023, to January 12, 2024[32] - Inventory increased by 37% to HKD 728,097,000, with average inventory turnover days rising to 552 days[56] Strategic Initiatives and Future Plans - The company is expanding its retail network by opening self-operated stores in Hong Kong, Macau, and mainland China[1] - The company is redeploying its brand business as part of its new corporate strategy[1] - The company plans to expand its new media marketing services, which generated HKD 183,802,000 in revenue, indicating a strategic focus on digital marketing[18] - The group plans to expand its mainland business through self-operated stores, brand stores, and e-commerce, targeting young consumers with affordable luxury jewelry[62] - The company is exploring opportunities for market expansion and potential acquisitions to enhance its service offerings and revenue streams[18] Governance and Compliance - The board emphasizes maintaining high-quality governance practices and has adopted the corporate governance code as per the Hong Kong Stock Exchange[66] - The audit committee has reviewed the consolidated financial statements for the year ending June 30, 2024[69] - The auditor confirmed that the preliminary performance announcement aligns with the audited financial statements for the year[70] Changes and Announcements - The company has changed its registered office address to a new location in Shatin, Hong Kong, effective February 27, 2024[8] - The company will change its English name from "Hong Kong Resources Holdings Company Limited" to "3DG HOLDINGS (INTERNATIONAL) LIMITED" effective from July 9, 2024[64] - The company has decided not to declare any final dividends for the year ending June 30, 2024[65] Employee and Stakeholder Relations - The company expresses gratitude to employees, shareholders, customers, and stakeholders for their support and contributions[72]

Financial Performance - The group recorded total revenue of approximately HKD 252 million for the period, a decrease of 14% compared to the previous period's revenue of approximately HKD 293 million[9]. - The loss attributable to owners for the period was approximately HKD 54 million, an increase of 13% from the previous period's loss of approximately HKD 48 million, primarily due to increased financing costs[9]. - Retail and franchise revenue for the period was approximately HKD 252 million, a decrease of 14% from approximately HKD 293 million in the previous period, mainly due to the closure of underperforming stores[13]. - Same-store sales recorded a decline of 7%, with mainland China same-store sales decreasing by 9% and Hong Kong same-store sales increasing by 4%[13]. - Revenue for the six months ended December 31, 2023, was HKD 251,762,000, a decrease of 14.2% compared to HKD 293,358,000 for the same period in 2022[60]. - The company reported a net loss of approximately HKD 98,463,000 for the six months ended December 31, 2023, indicating significant financial challenges[74]. - The total comprehensive loss for the period was HKD 98,463,000, compared to HKD 84,049,000 in the prior year, indicating a 17.1% increase in losses[62]. - The company reported a loss attributable to owners of HKD (54,244,000) for the six months ended December 31, 2023, compared to a loss of HKD (48,025,000) for the same period last year[69]. Financing Costs and Liabilities - Financing costs increased significantly by 79% to approximately HKD 60 million, compared to HKD 34 million in the previous period, mainly due to interest rate hikes[9]. - The net borrowing as of December 31, 2023, was HKD 1.025 billion, compared to HKD 967 million as of June 30, 2023[28]. - Current liabilities increased to HKD 2,124,866,000 from HKD 2,006,898,000, resulting in a net current liability of HKD (540,471,000) compared to HKD (450,906,000) previously[66]. - The total liabilities as of December 31, 2023, were HKD 2,275,012,000, up from HKD 2,151,032,000 as of June 30, 2023, indicating an increase of about 5.8%[90]. - The company reported a financing cost of HKD 60,445,000 for the six months ended December 31, 2023, compared to HKD 33,841,000 for the same period in 2022, reflecting an increase of approximately 78.5%[95]. Cash Flow and Assets - As of December 31, 2023, the total cash and bank balances amounted to HKD 916 million, a decrease from HKD 936 million as of June 30, 2023[28]. - The company's cash and cash equivalents decreased to HKD 27,998,000 from HKD 71,229,000, reflecting a decline of about 60.7%[65]. - The company reported a net cash inflow from operating activities of HKD 1,632,000 for the six months ended December 31, 2023, compared to a net outflow of HKD 4,403,000 in the same period of 2022[72]. - The company experienced a net decrease in cash and cash equivalents of HKD 41,925,000, compared to a decrease of HKD 24,135,000 in the prior year[72]. - Total assets as of December 31, 2023, amounted to HKD 1,584,395,000, a slight increase from HKD 1,555,992,000 as of June 30, 2023[65]. Operational Strategies - The group plans to enhance profitability by focusing on profitable stores, closing underperforming ones, and implementing cost control measures[14]. - The company plans to enhance productivity in existing stores and implement gradual expansion strategies in mainland China, Hong Kong, and Macau[23]. - The company aims to streamline operations and invest in technology solutions to improve overall productivity[23]. - The company continues to promote the "King of Gold" brand through comprehensive marketing plans and has received multiple industry awards for its efforts[18]. - The company has faced challenges in the new media marketing services business, leading to a decision to exit this segment[22]. Shareholder and Corporate Governance - The company has issued a total of 269,671,601 ordinary shares as of December 31, 2023, unchanged from June 30, 2023[30]. - The company has adopted a high standard of corporate governance and complied with the corporate governance code throughout the reporting period[53]. - The company will review and update its corporate governance practices to comply with listing rules[54]. - All directors confirmed compliance with the standard code for securities transactions during the reporting period[56]. - The company did not declare or recommend any dividends for the six months ended December 31, 2023, consistent with the previous year[101]. Employee and Management Changes - The group had 886 employees as of December 31, 2023, up from 874 employees as of June 30, 2023[37]. - The company appointed new directors, including Mr. Huang Haolong as Chairman and CEO, effective January 19, 2024[57]. - The total remuneration for key management personnel was HKD 5,775,000 for the six months ended December 31, 2023, down from HKD 6,149,000 in 2022, reflecting cost-cutting measures[144]. Discontinued Operations - The company has reclassified its new media marketing services in mainland China as discontinued operations, impacting the comparability of segment data[83][87]. - Revenue from discontinued operations for the six months ended December 31, 2023, was HKD 172,000, compared to HKD 151,307,000 in 2022, representing a decrease of approximately 99.9%[136]. - The total comprehensive loss from discontinued operations for the six months ended December 31, 2023, was HKD 6,946,000, compared to a comprehensive income of HKD 2,663,000 in 2022, highlighting a significant downturn[136].

Financial Performance - For the six months ended December 31, 2023, the company reported revenue of HKD 251,762,000, a decrease of 14.2% compared to HKD 293,358,000 in the same period of 2022[4] - The gross profit for the same period was HKD 77,529,000, representing an increase of 12.9% from HKD 68,650,000 in 2022[4] - The company recorded a loss from continuing operations before tax of HKD 90,419,000, compared to a loss of HKD 85,347,000 in the previous year, indicating a decline of 3.8%[4] - Total comprehensive income for the period was a loss of HKD 98,463,000, which is a 17.1% increase in loss compared to HKD 84,049,000 in 2022[6] - The basic loss per share for the period was HKD 0.2011, compared to HKD 0.1781 in the same period last year, reflecting a 12.9% increase in loss per share[8] - The net loss attributable to the owners of the company for the period was HKD 54,244,000, compared to HKD 48,025,000 in the previous year, marking an increase of 12.9%[6] - The company reported a net loss of approximately HKD 98,463,000 for the six months ended December 31, 2023, with current liabilities and total liabilities amounting to approximately HKD 540,471,000 and HKD 459,032,000, respectively, indicating significant uncertainty regarding the company's ability to continue as a going concern[13] - The company reported a loss before tax of HKD 85,347,000 for the six months ended December 31, 2023, compared to a loss of HKD 86,675,000 in the same period of 2022[26] - The company reported a net loss of HKD 86,675,000 for the six months ended December 31, 2023, compared to a net loss of HKD 48,025,000 in the same period of 2022[34] Assets and Liabilities - Non-current assets totaled HKD 231,585,000 as of December 31, 2023, an increase from HKD 224,301,000 in June 2023[10] - Current assets amounted to HKD 1,552,589,000, slightly down from HKD 1,555,992,000 in June 2023[10] - The company's total liabilities increased to HKD 2,124,866,000 from HKD 2,006,898,000 in June 2023, indicating a rise of 5.9%[12] - Trade receivables (net of credit loss provisions) amounted to HKD 35,967,000 as of December 31, 2023, down from HKD 47,692,000 as of June 30, 2023[36] - Trade payables increased significantly to HKD 78,608,000 as of December 31, 2023, from HKD 31,106,000 as of June 30, 2023[38] - The group has pledged bank deposits with a carrying amount of HKD 887,778,000 as of December 31, 2023, as collateral for bank financing[39] - The total liabilities directly associated with the assets classified as held for sale were HKD 31,754,000 as of December 31, 2023[46] Revenue Breakdown - Revenue from retail sales of gold and jewelry products in mainland China was HKD 173,641,000, while retail sales in Hong Kong amounted to HKD 37,879,000, leading to a total revenue of HKD 211,520,000 from these segments[21] - The total external sales for the period reached HKD 251,762,000, which includes HKD 30,710,000 from e-commerce sales[21] - Revenue from discontinued operations for the six months ended December 31, 2023, was HKD 172, a significant decrease from HKD 151,307 in the same period of 2022[44] - The group's total revenue for the period was approximately HKD 252 million, a decrease of 14% compared to the previous period's revenue of approximately HKD 293 million[50] - Retail and franchise revenue in mainland China decreased by 14% to approximately HKD 204 million from approximately HKD 237 million in the previous period[51] Operational Changes and Strategy - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2023, but these changes did not have a significant impact on the financial position and performance for the current and prior periods[15] - The company has reclassified comparative segment data to align with the current reporting period, particularly regarding the discontinued operations in the new media marketing services[18] - The group plans to focus on improving profitability by closing underperforming stores and enhancing the retail business through a revised franchise system[53] - The group will no longer engage in new media marketing services after selling Brand New Management Limited for HKD 8.896 million, allowing for a focus on retail and franchise operations[61] - The group aims to enhance productivity in existing stores and implement gradual expansion strategies in mainland China, Hong Kong, and Macau[62] Financing and Capital Structure - The company issued HKD 52,000,000 convertible bonds (Convertible Bonds A) maturing on November 12, 2023, allowing conversion into 80,000,000 new shares at a conversion price of HKD 0.65 per share, with no conversions occurring before maturity[66] - The company issued HKD 32,500,000 convertible bonds (Convertible Bonds B) maturing on December 6, 2023, allowing conversion into 50,000,000 new shares at a conversion price of HKD 0.65 per share, with no conversions occurring before maturity[67] - As of December 31, 2023, the company's total cash and bank balances amounted to HKD 916 million, a decrease from HKD 936 million as of June 30, 2023[68] - The company's net borrowings as of December 31, 2023, were HKD 1.025 billion, up from HKD 967 million as of June 30, 2023[68] - The current ratio as of December 31, 2023, was 75%, compared to 78% as of June 30, 2023, with current assets of HKD 1.584 billion and current liabilities of HKD 2.125 billion[70] Corporate Governance - The company has adopted a set of corporate governance principles to ensure the best interests of shareholders and stakeholders[84] - The company has complied with the corporate governance code, with the exception of the separation of roles between the Chairman and CEO, which are held by the same individual[84] - The audit committee has reviewed the accounting standards and internal controls, discussing financial reporting matters, including the unaudited interim financial statements for the period ending December 31, 2023[88] - The interim financial report will be published on the Hong Kong Stock Exchange and the company's website, with all required information included[89] - The board of directors consists of executive, non-executive, and independent non-executive directors, ensuring a diverse governance structure[90] Employee and Shareholder Information - The company had 886 employees as of December 31, 2023, an increase from 874 employees as of June 30, 2023[78] - The board has decided not to declare an interim dividend for the period[65]

Retail Performance - The retail sales of gold and silver jewelry in China for the first half of 2023 reached CNY 168.9 billion, an increase of 17.5% compared to the same period last year, significantly outpacing the overall retail sales growth of 8.2%[25] - In Hong Kong, the cumulative retail sales of jewelry, watches, and luxury gifts for the first five months of 2023 amounted to HKD 24.85 billion, representing a 76.6% increase year-on-year, far exceeding the overall retail sales growth of 18.4%[25] - Macau's jewelry and watch sales in the first half of 2023 grew by over 80% year-on-year, with the second quarter showing a remarkable increase of 110% compared to the same period last year[25] - The gold jewelry sector is experiencing robust growth, with a year-on-year increase of 33.5% in online retail sales, indicating strong consumer demand[26] - The overall jewelry consumption in China is showing a rapid recovery trend, particularly sensitive to economic conditions, with leading companies expanding their retail presence[26] Company Strategy and Development - The company aims to enhance brand recognition and reputation through the promotion of its own brand "King of Gold" while seizing market opportunities to increase revenue in mainland China and Hong Kong[24] - The company plans to develop online sales platforms and introduce high-end products to strengthen its market presence[2] - The company is committed to expanding its retail store network in response to the recovering consumer demand in the jewelry sector[26] - The company continues to seek partnerships for exclusive franchises or alliances to enhance its distribution channels in both physical and e-commerce[4] - The group plans to focus on franchise store growth in mainland China to minimize capital investment while leveraging local knowledge[36] Financial Performance - The group's revenue for the fiscal year ending June 30, 2023, was approximately HKD 804.3 million, a decrease of about 10.8% compared to HKD 902 million for the fiscal year ending June 30, 2022[33] - Retail revenue from gold and jewelry products was approximately HKD 592 million, down 13% from HKD 680 million in the previous fiscal year, with retail gold and jewelry accounting for 74% of total revenue[35] - The mainland China retail business generated approximately HKD 504 million, a decrease of 17% from HKD 608 million in the previous fiscal year, contributing 85% of the group's retail sales[35] - The group's gross profit decreased from approximately HKD 196.2 million in the previous fiscal year to about HKD 171.6 million, a reduction of approximately 12.5%[34] - The group recorded a loss attributable to shareholders of approximately HKD 89.7 million, an increase of about HKD 10.8 million compared to HKD 78.9 million in the previous fiscal year[34] Market Outlook - The group expects continued growth in consumer demand driven by economic recovery and government stimulus policies post-pandemic[29] - The group anticipates that the tourism and logistics recovery in Hong Kong and Macau will provide additional growth opportunities for gold and jewelry consumption[29] Corporate Governance - The company reported a commitment to high standards of corporate governance, adhering to the corporate governance code as per the Hong Kong Stock Exchange regulations[84] - The board held five meetings and two shareholder meetings during the year, with all directors attending all meetings[89] - The company has independent non-executive directors with extensive experience in finance and management, ensuring strong oversight[82] - The chairman and CEO roles are held by the same individual, which the board believes provides strong leadership and effective decision-making[84] - The company has adopted the standard code for securities trading by directors, confirming compliance throughout the year[87] Environmental, Social, and Governance (ESG) Initiatives - The company has implemented sustainable development principles, focusing on environmental protection, emission reduction, and community engagement[115] - The company emphasizes stakeholder engagement to assess the most significant environmental, social, and governance issues impacting its sustainable development[117] - The company has established a governance framework for environmental, social, and governance (ESG) management, which includes decision-making at the board level, organizational management, and execution across various departments[125] - The company aims to reduce greenhouse gas emissions intensity by 20% by 2025, using 2020 as the baseline year[138] - The company is committed to enhancing its ESG performance through good corporate governance and proactive environmental measures[130] Employee Management - The total number of employees decreased from 946 in 2022 to 874 in 2023, a reduction of approximately 7.6%[172] - The company has a comprehensive training system covering onboarding, leadership, and on-the-job training to enhance employee skills and efficiency[178] - The company provides necessary protective equipment and medical insurance to employees[175] - The company actively promotes employee awareness of environmental, health, and safety issues[175] - The employee turnover rate improved from 28% in 2022 to 24% in 2023, indicating a reduction of 4 percentage points[172] Supply Chain and Quality Assurance - The company has established a supply chain management policy to ensure high-quality standards from suppliers, including compliance with environmental and social regulations[182] - The company has implemented a quality assurance policy that includes inspections of jewelry products before delivery to retail stores, with no significant complaints received during the reporting period[188] - The company has a zero-tolerance policy towards bribery and corruption, with training provided to all directors and employees on anti-corruption measures[195] - The company emphasizes environmental, social, and governance (ESG) factors in its supplier selection process, including the prohibition of child and forced labor[184] Financial Health and Risks - The group's cash and cash equivalents totaled HKD 936 million, an increase from HKD 882 million in 2022[52] - The group's net borrowings as of June 30, 2023, amounted to HKD 967 million, up from HKD 863 million in 2022, with total borrowings of HKD 1.903 billion[52] - The independent auditor's report for the year ended June 30, 2023, disclosed a disclaimer of opinion due to significant uncertainties affecting the group's ability to continue as a going concern[66] - The management is actively monitoring the acquisition progress and negotiating with Lux Group to ensure financial support for operations post-acquisition[71] Community Engagement - The company encourages community involvement and supports charitable donations, evaluating organizations based on alignment with its values[196] - The group has been awarded the "Caring Company 10+" by the Hong Kong Council of Social Service for the third consecutive year, emphasizing its commitment to corporate social responsibility[197]

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佈的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 HONG KONG RESOURCES HOLDINGS COMPANY LIMITED 香港資源控股有限公司 （於百慕達註冊成立之有限公司， 並以HKRH China Limited名稱在香港經營業務） （股份代號：2882） 截至二零二三年六月三十日止年度之年度業績公佈 香港資源控股有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬公司（統稱為「本集 團」）截至二零二三年六月三十日止年度之綜合業績。 綜合損益及其他全面收益表 截至二零二三年六月三十日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 3(a) 804,292 901,974 ...