PEIP( 彼 岸 控 股 有 限 公 司 Peiport Holdings Ltd. (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 2885 INTERIM REPORT 中期報告 Contents 目錄 2 | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------|-----------------------------------| | | | | | | Corporate Information | 公司資料 | | | Management Discussion and Analysis | 管理層討論及分析 | | 18 | Corporate Governance and Other Information | 企業管治及其他資料 | | 27 | Interim Co ...

Financial Performance - The company reported a revenue of HKD 138,473,000 for the six months ending June 30, 2024, representing an increase of 18.9% compared to HKD 116,404,000 for the same period in 2023[1] - Gross profit for the same period was HKD 47,765,000, up 20.5% from HKD 39,610,000 year-over-year[1] - The net profit for the six months ending June 30, 2024, was HKD 3,853,000, compared to HKD 3,129,000 for the previous year, indicating a growth of 23.1%[1] - The total comprehensive income for the period was HKD 2,296,000, significantly higher than HKD 835,000 in the prior year[2] - The basic earnings per share for the period was HKD 0.72, compared to HKD 0.65 in the previous year, showing an increase of 10.8%[2] - The group's profit before tax for the six months ended June 30, 2024, was HKD 30,468,000, compared to HKD 20,629,000 for the same period in 2023, representing an increase of approximately 47.5%[14] - The net profit attributable to the parent company increased by approximately 11.5% to about HKD 2.9 million[25] Revenue Breakdown - Revenue from the sale of heat imaging products and services was HKD 37,169,000 for the six months ended June 30, 2024, compared to HKD 28,718,000 in the same period of 2023, indicating a growth of about 29%[12] - Revenue from self-stabilizing imaging products and services decreased to HKD 18,373,000 in the first half of 2024 from HKD 39,026,000 in 2023, showing a decline of approximately 53%[12] - Revenue from general aviation products and services increased to HKD 60,086,000 for the six months ended June 30, 2024, up from HKD 69,305,000 in the same period of 2023, reflecting a decrease of about 13%[12] - Revenue from thermal imaging products and services decreased by approximately 22.4% from about HKD 37.1 million to about HKD 28.8 million due to reduced demand for infrared imaging instruments and positioning systems[30] - Revenue from self-stabilizing imaging products and services increased by approximately 112.0% from about HKD 18.4 million to about HKD 39.0 million, driven by increased demand from existing customers[31] - Revenue from general aviation products and services increased by approximately 15.3% from about HKD 60.1 million to about HKD 69.3 million, attributed to rising demand for light and ultra-light aircraft engines[32] Assets and Liabilities - The company's total assets as of June 30, 2024, amounted to HKD 339,827,000, slightly down from HKD 343,368,000 at the end of 2023[3] - Current assets increased to HKD 394,509,000 from HKD 386,015,000, reflecting a growth of 2.9%[3] - The company’s cash and cash equivalents were HKD 222,350,000, down from HKD 243,342,000, indicating a decrease of 8.6%[3] - The total liabilities increased to HKD 90,867,000 from HKD 66,569,000, representing a rise of 36.4%[3] - Trade receivables as of June 30, 2024, amounted to HKD 60,789,000, a decrease from HKD 69,747,000 as of December 31, 2023, reflecting a decline of approximately 12.8%[19] - The total trade payables as of June 30, 2024, were HKD 18,540,000, compared to HKD 17,012,000 as of December 31, 2023, showing an increase of about 9.0%[22] - The allowance for trade receivables increased to HKD 20,480,000 as of June 30, 2024, from HKD 14,146,000 as of December 31, 2023, reflecting an increase of approximately 44.7%[19] Income and Expenses - Bank interest income rose significantly to HKD 4,100,000 in the first half of 2024, compared to HKD 626,000 in the same period of 2023, marking an increase of over 550%[12] - The group’s total tax expense for the period was HKD 984,000, compared to HKD 629,000 for the same period in 2023, representing an increase of about 56.4%[16] - Income tax expenses increased by approximately 66.7% from about HKD 0.6 million to about HKD 1.0 million, with the effective tax rate rising from approximately 20.1% to about 25.5%[40] - Selling and distribution expenses rose by approximately 31.6% from about HKD 13.6 million to about HKD 17.9 million, primarily due to increased salaries and commissions[37] - Administrative expenses increased by approximately 19.8% from about HKD 16.7 million to about HKD 20.0 million, mainly due to higher employee costs in R&D centers in Hong Kong and mainland China[38] Research and Development - Research and development costs for the six months ended June 30, 2024, were HKD 7,537,000, up from HKD 4,694,000 in the same period of 2023, indicating a growth of about 60.4%[14] - The company plans to increase R&D investment and launch new products to strengthen its product portfolio[29] Corporate Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring consistency with the annual consolidated financial statements[8] - The company has adhered to high standards of corporate governance throughout the reporting period[51] - The company has adopted the Listing Rules Appendix C3 as its own securities trading standards, ensuring compliance by all directors as of June 30, 2024[52] - The Audit Committee has reviewed the unaudited interim condensed consolidated financial statements for the six months ended June 30, 2024, confirming compliance with applicable accounting policies and disclosure requirements[54] Future Outlook - The economic outlook for 2024 remains uncertain, with anticipated macroeconomic challenges including geopolitical uncertainty and inflation[29] - The group is optimistic about the future prospects of STEM education and will continue to develop its STEM education business[29] Miscellaneous - The group recorded a net exchange difference of HKD 3,428,000 for the six months ended June 30, 2024, compared to HKD 5,945,000 for the same period in 2023, indicating a decrease of about 42.3%[14] - The group did not recommend the payment of an interim dividend for the period ended June 30, 2023[17] - The company had no significant contingent liabilities as of June 30, 2024[43] - The company had no major restructuring or significant investments during the period[49] - The company plans to utilize the net proceeds from its listing, which amounted to approximately HKD 81.2 million, for various purposes including establishing R&D centers and purchasing new technology[48] - The interim results announcement for the six months ended June 30, 2024, will be published on the Hong Kong Stock Exchange and the company's website[57] - The company expresses gratitude to its management, employees, and shareholders for their continued support[58]

Financial Performance - The total revenue for Peiport Holdings Ltd. in 2023 was HK$264,037,000, representing a growth of approximately 7.5% compared to HK$245,612,000 in 2022[14]. - The gross profit for 2023 was HK$81,429,000, an increase from HK$72,729,000 in 2022[3]. - The Group reported a loss before tax of HK$4,366,000 for 2023, an improvement from a loss of HK$5,267,000 in 2022[3]. - For the year ended December 31, 2023, the Group recorded a revenue increase of approximately HK$18.4 million to approximately HK$264.0 million, with a loss attributable to owners of the parent of approximately HK$3.3 million[43]. - Revenue from thermal imaging products and services decreased by approximately 6.1%, amounting to approximately HK$71.8 million, accounting for approximately 27.2% of the Group's total revenue[49]. - Revenue from self-stabilised imaging products and services decreased by approximately HK$6.9 million or 13.6%, totaling approximately HK$44.0 million, representing approximately 16.7% of the Group's revenue[51]. - Revenue from general aviation products and services increased by approximately HK$29.1 million or 24.8%, reaching approximately HK$146.6 million, which accounted for approximately 55.5% of the Group's total revenue[57]. - The total revenue of the Group increased by approximately HK$18.4 million, or 7.5%, from approximately HK$245.6 million in 2022 to approximately HK$264.0 million in 2023[65]. Assets and Liabilities - Total assets as of December 31, 2023, were HK$408,814,000, a decrease from HK$419,818,000 in 2022[5]. - Total liabilities for the Group were HK$66,569,000 as of December 31, 2023, slightly reduced from HK$67,337,000 in 2022[5]. - As of December 31, 2023, the Group reported net current assets of approximately HK$320.6 million, down from approximately HK$331.7 million as of December 31, 2022[96]. - The net cash generated from operating activities was approximately HK$14.7 million in 2023, a decrease from HK$40.8 million in 2022[96]. - The net cash used in investing activities was approximately HK$16.6 million in 2023, compared to HK$41.7 million in 2022[96]. Research and Development - In 2023, the Group invested significantly in expanding its research and development team, leading to the successful development of an automatic testing system utilizing AI technology[16]. - The Group invested significantly in expanding its R&D team in mainland China and Hong Kong, developing an AI-based automatic inspection system for market sales[19]. - The Group plans to continue expanding its R&D and marketing teams in 2024, focusing on products utilizing AI technology[22]. - The Group will continue to invest in research and development to strengthen its product portfolio with new offerings to meet market and customer needs[61]. - The company established new research and development centers in the Chinese Mainland and Hong Kong with an allocation of HK$39.6 million, of which HK$19.6 million has been utilized[116]. Market and Sales Strategy - The Group aims to enhance its marketing efforts by establishing offices in various regions of mainland China and expanding into Southeast Asia[27]. - The Group plans to introduce and fully promote newly developed products in 2024 through existing sales networks and maintenance centres in Greater China and Southeast Asia[61]. - The Group's revenue from general aviation products and services is anticipated to increase as it assists suppliers in establishing maintenance centers in various Asian countries[38]. - The Group is committed to maintaining product quality and reliability while investing in advanced technologies to meet user demands[32]. Dividends and Shareholder Information - The final dividend for the year ended December 31, 2022, was distributed to shareholders as a reward for their support[17]. - The board recommended a final dividend of HK1.35 cents per share for the year ended December 31, 2023, and a special dividend of HK1.35 cents per share, totaling HK2.70 cents per share[120][121]. - The proposed dividends are subject to shareholder approval at the AGM scheduled for June 12, 2024, with payment expected on or before July 8, 2024[122]. Corporate Governance - The Company has independent non-executive directors responsible for supervising and providing independent judgment to the Board[153]. - The Company’s nomination committee is chaired by Mr. Niu, while Ms. Yeung chairs the audit committee[156]. - The Company has a diverse board with members having backgrounds in finance, aviation, and marketing, enhancing its governance and strategic oversight[159]. - The company has adopted high corporate governance standards since its listing date on January 11, 2019, and has complied with all applicable code provisions throughout the year ended December 31, 2023[187][188]. - The Board currently consists of six members, including three executive Directors and three independent non-executive Directors, ensuring a diverse range of business experience and professionalism[199]. Management and Personnel - The total number of employees increased to 154 as of December 31, 2023, compared to 149 in the previous year[119]. - Total staff costs for the year ended December 31, 2023, were approximately HK$49.5 million, an increase from HK$47.3 million in 2022[119]. - The company has delegated day-to-day operations and management to senior management, who oversee general operations, business development, finance, and marketing[197]. - The company’s senior management includes individuals with over 20 years of experience in their respective fields, enhancing the company's operational capabilities[175][176][181]. Challenges and Outlook - The Chairman's statement highlighted the challenges posed by COVID-19 and the political and economic environment, yet emphasized the Group's resilience and growth[14]. - The Group remains alert to adapt to changing market dynamics, including geopolitical tensions and economic conditions that may affect product demand[62]. - The Group is optimistic about the prospects of STEM education and will continue developing its STEM business to ensure sustainability and relevance to the market[62].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of HKD 264,037,000, an increase of 7.3% compared to HKD 245,612,000 in the previous year[3]. - The cost of sales for the same period was HKD 182,608,000, resulting in a gross profit of HKD 81,429,000, which is a 12% increase from HKD 72,729,000 in the prior year[3]. - The company recorded other income of HKD 4,903,000, up from HKD 2,302,000, indicating a significant growth in additional revenue streams[3]. - The operating expenses, including selling and administrative costs, totaled HKD 33,313,000, compared to HKD 30,461,000 in the previous year, reflecting a 6% increase[3]. - The company reported a pre-tax loss of HKD 4,366,000, an improvement from a loss of HKD 5,267,000 in the previous year[3]. - The net loss for the year was HKD 3,596,000, slightly better than the loss of HKD 3,645,000 reported in the previous year[3]. - The basic and diluted loss per share was HKD 0.82, compared to HKD 0.81 in the previous year, indicating stable per-share performance despite the losses[4]. Strategic Focus and Future Plans - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[3]. - Future strategies include potential new product development and exploring acquisition opportunities to drive growth[3]. - The company aims to improve operational efficiency to reduce costs and enhance profitability in the next fiscal year[3]. - The company anticipates continued focus on expanding service offerings and enhancing product lines in the upcoming fiscal year[23]. - The company plans to launch new R&D products in 2024, leveraging its existing sales network and service centers across Greater China and Southeast Asia[56]. - The company remains optimistic about the prospects of its STEM education business and will continue to develop this area to ensure course content remains relevant to the market[56]. - The company is prepared to navigate a challenging environment and will remain vigilant to market trends and geopolitical tensions that may impact product demand[58]. - The company aims to maximize shareholder value by focusing on core values and enhancing brand recognition[56]. Assets and Liabilities - Total non-current assets amounted to HK$22,799,925,201, representing a significant portion of the company's asset base[6]. - Current assets totaled HK$38,601,539,461, indicating a strong liquidity position[6]. - Total current liabilities were HK$20,321,115,460, reflecting the company's short-term financial obligations[6]. - The net value of current assets was HK$32,056,931,331, showcasing the company's overall asset strength[6]. - Total assets minus current liabilities stood at HK$34,368,356,935, highlighting the company's net asset position[6]. - The total equity attributable to the company's shareholders was HK$34,242,245,352, indicating robust shareholder equity[6]. - The company reported a total of HK$4,000,000,000 in capital stock, which is a key component of its equity structure[6]. Compliance and Reporting Standards - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance and transparency[7]. - The consolidated financial statements include the financial position as of December 31, 2023, providing a snapshot of the company's performance[8]. - The group has adopted new and revised Hong Kong Financial Reporting Standards for the current financial year[11]. - The group will reassess control over investment objects if any of the three control factors change[10]. - The group recognizes any retained investment's fair value and any resulting gains or losses upon losing control over a subsidiary[10]. - The impact of the new accounting standards on financial data includes adjustments to retained earnings or non-controlling interests[13]. - The revised Hong Kong Accounting Standard No. 1 requires substantial disclosure of significant accounting policy information[14]. - The revised Hong Kong Financial Reporting Standard No. 12 narrows the scope of initial recognition exceptions for deferred tax assets and liabilities[14]. Revenue Breakdown - Revenue from mainland China was HKD 212,584,000 in 2023, compared to HKD 206,465,000 in 2022, showing an increase of about 3.4%[21]. - Revenue from product sales was HKD 67,231,000 in 2023, up from HKD 56,766,000 in 2022, indicating an increase of about 18%[23]. - Service revenue, including maintenance and rental, decreased to HKD 76,507,000 in 2023 from HKD 71,778,000 in 2022, a decline of approximately 6%[23]. - Revenue from the thermal imaging products and services segment decreased by approximately 6.1% to HKD 71.8 million for the year ended December 31, 2023, compared to HKD 76.5 million in 2022, accounting for about 27.2% of total group revenue[51]. - Revenue from the self-stabilizing imaging products and services segment decreased by approximately 13.6% to HKD 44.0 million for the year ended December 31, 2023, down from HKD 50.9 million in 2022, representing about 16.7% of total group revenue[53]. - Revenue from the general aviation products and services segment increased by approximately 24.8% to HKD 146.6 million for the year ended December 31, 2023, compared to HKD 117.5 million in 2022, making up about 55.5% of total group revenue[55]. Expenses and Losses - The group’s cost of goods sold for 2023 was HKD 173,646,000, compared to HKD 160,085,000 in 2022, representing an increase of approximately 8.8%[28]. - Research and development expenses increased to HKD 10,672,000 in 2023 from HKD 8,732,000 in 2022, reflecting a growth of about 22.3%[28]. - The net allowance for trade receivables was HKD 10,810,000 in 2023, up from HKD 3,413,000 in 2022, indicating a significant increase of approximately 216.5%[28]. - The group recorded a pre-tax loss, with total financial costs amounting to HKD 576,000 in 2023, slightly up from HKD 525,000 in 2022[30]. - The total tax expense for the current year was HKD 770 million, a decrease from HKD 1,622 million in the previous year, reflecting a reduction of approximately 52.6%[34]. - The company experienced a significant impairment loss of HKD 14,146 million, compared to HKD 2,272 million in the previous year, indicating a substantial increase in impairment[39]. Credit and Risk Management - The company has implemented strict credit control policies to minimize credit risk, with a review of overdue balances conducted regularly by senior management[40]. - The company’s trade terms primarily involve credit, with new customers generally required to make advance payments[40]. - The expected credit loss rates for overdue receivables were 0%–1.0% for current, 2.5% for less than one year overdue, 8.0% for less than two years overdue, and 33.3% for over three years overdue[44]. - The company utilized a provision matrix for measuring expected credit losses based on historical loss patterns and current economic conditions[41]. Dividends and Shareholder Information - The company proposed a final dividend of HKD 0.0135 per share, consistent with the previous year's dividend[36]. - The board of directors proposed a final dividend of HKD 1.35 per share and a special dividend of HKD 1.35 per share, totaling HKD 2.70 per share[94]. - The proposed dividends are subject to approval at the annual general meeting scheduled for June 12, 2024[95]. - The company has maintained a consistent number of issued ordinary shares at 400,000,000 for both the current and previous year[38]. Operational Insights - The company has maintained effective operations despite global challenges, with no significant adverse impact on business or supply chain as of December 31, 2023[50]. - The company closely monitors exchange rate fluctuations to manage foreign currency risks associated with transactions in USD and EUR[78]. - The group had no significant contingent liabilities as of December 31, 2023[76]. - As of December 31, 2023, the company had no pledged assets, consistent with the previous year[79]. - The company has not engaged in any major restructuring or investments during the reporting period[84].

Financial Performance - For the six months ended June 30, 2023, the Group recorded revenue of approximately HK$116.4 million, a decrease of approximately 2.5% compared to HK$119.4 million for the same period in 2022[11]. - Gross profit for the same period was approximately HK$39.6 million, an increase from HK$38.5 million in 2022, reflecting a gross margin improvement[11]. - Profit before tax for the period was HK$3.1 million, slightly down from HK$3.2 million in the previous year[11]. - Net profit attributable to owners of the parent was approximately HK$2.6 million, a decrease of approximately HK$0.1 million compared to HK$2.7 million in 2022[11]. - The Group's total revenue for the six months ended June 30, 2023, was approximately HK$116.4 million, a decrease of about 2.5% from approximately HK$119.4 million for the same period in 2022[36]. - The gross profit for the Group increased from approximately HK$38.5 million to approximately HK$39.6 million, with the gross profit margin rising from approximately 32.2% to approximately 34.0%[43]. - The group's profit for the period attributable to owners of the parent remained stable at approximately HK$2.6 million for the six months ended 30 June 2023[65]. - The company reported a profit of HK$2,618,000 for the period, compared to a loss in the previous period[154]. - Total comprehensive income for the period was HK$835,000, an increase from HK$335,000 in the prior year[149]. Revenue Breakdown - Revenue from the sale of thermal imaging products and services decreased by approximately 12.3% to HK$37.1 million, accounting for approximately 31.9% of the Group's total revenue[21]. - Revenue from thermal imaging products and services decreased by approximately HK$5.2 million, or 12.3%, from approximately HK$42.3 million to approximately HK$37.1 million[36]. - Revenue from self-stabilised imaging products and services increased by approximately HK$5.8 million, or 46.0%, from approximately HK$12.6 million to approximately HK$18.4 million[41]. - Revenue from general aviation products and services decreased by approximately HK$4.2 million, or 6.5%, from approximately HK$64.3 million to approximately HK$60.1 million[42]. - The self-stabilised imaging products accounted for approximately 15.8% of the Group's revenue during the period, up from 10.6% in the previous year[27]. - The thermal imaging products and services accounted for approximately 31.9% of the Group's revenue during the period, down from 35.3% in the previous year[24]. - The general aviation products and services accounted for approximately 51.6% of the Group's revenue during the period, down from 53.9% in the previous year[29]. - Revenue from external customers for the six months ended June 30, 2023, was HK$116,404,000, a decrease from HK$119,397,000 in 2022[189]. - Revenue from Mainland China was HK$91,469,000 for the six months ended June 30, 2023, down from HK$95,061,000 in 2022[189]. - Revenue from Hong Kong and Macau increased to HK$21,299,000 in 2023 from HK$20,592,000 in 2022[189]. Assets and Liabilities - Total assets as of June 30, 2023, were HK$408.0 million, down from HK$419.8 million as of December 31, 2022[14]. - Total liabilities decreased to HK$60.1 million from HK$67.3 million as of December 31, 2022[14]. - As of June 30, 2023, the Group reported net current assets of approximately HK$325.6 million, a decrease from HK$331.7 million as of 31 December 2022[68]. - Total non-current assets decreased to HK$24,819,000 as of June 30, 2023, from HK$25,201,000 at December 31, 2022, representing a decline of 1.5%[151]. - Current assets totaled HK$383,211,000, down from HK$394,617,000, indicating a decrease of 2.9%[151]. - Total current liabilities decreased to HK$57,640,000 from HK$62,879,000, a reduction of 8.5%[151]. - Net assets as of June 30, 2023, were HK$347,916,000, down from HK$352,481,000, reflecting a decrease of 1.6%[152]. - Total equity attributable to owners of the parent decreased to HK$347,788,000 from HK$352,235,000, a decline of 1.3%[152]. Cash Flow and Investments - The net cash used in operating activities was approximately HK$3.8 million, a slight decrease from HK$4.0 million for the same period in 2022[74]. - The net cash used in investing activities increased significantly to approximately HK$10.8 million from HK$0.4 million in the previous year, mainly for investments in time deposits[75]. - Cash and cash equivalents decreased to HK$231,931,000 from HK$244,598,000, a drop of 5.2%[151]. - The company reported a net decrease in cash and cash equivalents of HK$18,249,000 for the six months ended June 30, 2023, compared to HK$7,892,000 in 2022, indicating a worsening cash position[157]. - The principal portion of lease payments in financing activities increased to HK$3,675,000 in 2023 from HK$3,438,000 in 2022, showing an increase of approximately 6.9%[156]. - The company made significant investments in property, plant, and equipment, with purchases totaling HK$821,000 in 2023, compared to HK$91,000 in 2022[156]. Corporate Governance and Shareholding - The Board believes that high corporate governance standards are essential for safeguarding shareholder interests and enhancing corporate value[101]. - As of June 30, 2023, the total number of ordinary shares issued by the company is 400,000,000[112]. - Mr. YEUNG holds 300,000,000 shares, representing approximately 75% of the total shareholding[112]. - Ms. WONG also holds 300,000,000 shares, which is approximately 75% of the total shareholding, as she is the spouse of Mr. YEUNG[112]. - The company is owned approximately 75% by Peiport Alpha Ltd., which is controlled by Mr. YEUNG and Ms. WONG[112]. - The company did not engage in any arrangements to enable Directors to acquire rights in any other corporate body during the reporting period[115]. - The company has adopted the standard code of conduct for securities transactions by directors as per the listing rules[107]. - All directors confirmed compliance with the standard code during the six months ended June 30, 2023[107]. Operational Challenges and Future Plans - The economic growth of Mainland China was 5.5% for the first half of 2023, which was below market expectations, impacting the Group's operational environment[16]. - The Group remains focused on maintaining effective operations despite external challenges, including rising inflation and tighter monetary policies[19]. - The Group plans to invest significant resources to address external challenges and maintain competitive advantages in the second half of 2023[33]. - The Group aims to enhance its research and development capabilities and grow its talent base to sustain its competitive edge[34].

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。 Peiport Holdings Ltd. 彼岸控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2885） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 彼岸控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其 附 屬 公 司（統 稱 為「本 集 團」）截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月（「本 期 間」） 的未經審核中期簡明綜合財務業績連同截至二零二二年六月三十日止六個月 的未經審核及經重列比較數字及於二零二二年十二月三十一日的若干經審核 及經重列比較數字。 中期簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） （經重列） 收益 4 116,404 119,397 ...

Financial Performance - In 2022, the Group's revenue was HK$245,612,000, a decrease of 12.1% compared to HK$279,371,000 in 2021[3] - The Group reported a loss before tax of HK$5,267,000 in 2022, compared to a profit of HK$19,911,000 in 2021[3] - Total assets as of December 31, 2022, were HK$419,779,000, a decrease from HK$432,486,000 in 2021[5] - The Group's total liabilities remained relatively stable at HK$67,337,000 in 2022, compared to HK$67,311,000 in 2021[5] - In 2022, the Group recorded a revenue decrease of approximately HK$33.8 million, totaling approximately HK$245.6 million, and incurred a loss attributable to owners of the parent of approximately HK$3.2 million[40] - For the year ended December 31, 2022, the Group's revenue decreased by approximately HK$33.8 million to about HK$245.6 million, resulting in a loss attributable to equity holders of approximately HK$3.2 million[43] - Revenue from the sale of thermal imaging products and services decreased by 33.2% year-on-year, amounting to approximately HK$76.5 million, which accounted for about 31.2% of the Group's total revenue[47] - Revenue from the sale of self-stabilised imaging products increased by 3.9% year-on-year to approximately HK$50.9 million, representing about 20.7% of the Group's total revenue[52] - Revenue from the sale of general aviation products rose by 1.7% year-on-year to approximately HK$117.5 million, accounting for approximately 47.8% of the Group's total revenue[58] - Gross profit decreased from approximately HK$82.4 million in 2021 to approximately HK$72.7 million in 2022, with a stable gross profit margin of approximately 29.5% and 29.6% for the respective years[75] - Administrative expenses increased by approximately HK$4.8 million, or 15.9%, from approximately HK$30.1 million in 2021 to approximately HK$34.9 million in 2022[86] - Other expenses increased by approximately HK$10.2 million, or 242.9%, from approximately HK$4.2 million in 2021 to approximately HK$14.4 million in 2022, primarily due to a foreign exchange loss of approximately HK$10.5 million[87] - The gross profit margin for thermal imaging products decreased by approximately 2.7% from approximately 21.3% in 2021 to approximately 18.6% in 2022[76] Strategic Plans and Market Expansion - The Group plans to focus on expanding its general aviation products and services in 2023, with increased investments in marketing and product development[17] - The Group has expanded its research and development and system product manufacturing center in Hong Kong to enhance its thermal imaging products and services[16] - The Group added sales staff in Hong Kong and technical staff in Zhuhai to support market expansion and product development[15] - The Group plans to strengthen its research and development team in Hong Kong and Guangzhou to produce more high-end thermal imaging products, aiming to dominate the market in Mainland China and Hong Kong[23] - The Group will expand its sales network to cover six regions in China, including Northern, Northeast, Northwest, Eastern, South-Central, and Southwest, to enhance market expansion capabilities[23] - In 2023, the Group will explore sales markets in Southeast Asian countries and conduct site visits to promote its technology products[24] - The Group aims to invest more resources in the general aviation product sales and services segment, responding to increased demand for light and ultra-light aviation engines due to a shift towards domestic production[30] - The Group expects significant sales growth in 2023 as it promotes its business segments more aggressively following the end of pandemic restrictions[31] - The Group will focus on developing new products and pursuing new customers in the self-stabilised imaging products and services segment in 2023[25] - The Group's strategy includes collaboration with companies that have marketing capabilities to expand market share and secure more orders in 2023[29] - The Group has enhanced its R&D capabilities to meet the demands of the thermal imaging products and services market, particularly in response to price reductions from domestic competitors[26] - The overall economic downturn is expected to improve, providing opportunities for the Group to enhance its business segments[17] Impact of COVID-19 - The Group's operations were significantly impacted by COVID-19, leading to suppressed market consumption and challenges in business operations throughout 2022[41] - The ongoing impact of COVID-19 has suppressed market consumption, particularly in Mainland China, affecting overall business operations[43] - The Group anticipates that the economies of Mainland China and Hong Kong will regain momentum following the relaxation of COVID-19 controls[59] Human Resources and Corporate Governance - The Group had a total of 149 employees as of December 31, 2022, an increase from 147 employees in 2021[120] - Total staff costs for the year ended December 31, 2022, were approximately HK$47.3 million, up from HK$43.9 million in 2021, reflecting a year-over-year increase of about 7.7%[120] - The Company has adopted high corporate governance standards to safeguard shareholder interests and enhance corporate value[185] - The Board consists of six members, including three executive Directors and three independent non-executive Directors[197] - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the year ended 31 December 2022[187] - Senior management is responsible for overseeing general operations, business development, finance, and marketing[195] - The Company has arranged insurance coverage for directors' liability for all Directors[196] - The Company has adopted the Model Code for Securities Transactions to regulate dealings by Directors in the Company's securities[188] - The Board is collectively responsible for promoting the success of the Company by directing and supervising its affairs[194] - The Board makes decisions objectively in the interests of the Company[194] Cash Flow and Financial Position - As of 31 December 2022, the Group reported net current assets of approximately HK$331.7 million, down from approximately HK$349.0 million as of 31 December 2021[96] - The Group's cash and cash equivalents increased to approximately HK$244.6 million as of 31 December 2022, representing an increase of approximately HK$20.6 million compared to approximately HK$224.0 million as of 31 December 2021[96] - For the year ended 31 December 2022, net cash generated from operating activities was approximately HK$40.8 million, an increase from HK$26.2 million in 2021[96] - The net cash used in investing activities was approximately HK$41.7 million for the year ended 31 December 2022, compared to HK$2.6 million in 2021[96] - All unutilized proceeds have been placed in a licensed bank in Hong Kong[118] Dividend and Shareholder Information - A final dividend was distributed for the year ended December 31, 2021, to reward shareholders for their support[16] - The Board recommended a final dividend of HK1.35 cents per share for the year ended December 31, 2022, subject to shareholder approval at the AGM[121] - The proposed final dividend is expected to be paid on or before July 7, 2023[121] - The register of members will be closed from June 2, 2023, to June 9, 2023, for determining the entitlement to attend and vote at the AGM[127] - The register will also be closed from June 19, 2023, to June 21, 2023, for determining the entitlement to the proposed final dividend[128] - The Group's financial and cash flow position was considered in the decision to propose the final dividend, aimed at enhancing investor confidence[121] Management Team Experience - Ms. Wong has over 20 years of experience in the optoelectronics and general aviation industry[139] - Mr. Yeung has over 6 years of experience in the optoelectronics and general aviation industry[146] - Mr. Niu has extensive experience in equity capital markets and has served as a director of Vision Finance Asset Management Limited from February 2008 to January 2015[153] - Ms. Yeung is the chairwoman of the Company's audit committee and a member of the nomination committee[154] - Mr. Yeung was appointed as a Director on 22 August 2018 and has been involved in the management of operation and supplier relationships since joining the Group in February 2016[145] - Ms. Wong joined the Group in April 1998 and has actively participated in sales and operations[138] - Mr. Yeung was promoted to the business development director of Peiport Aero on 1 April 2019, responsible for managing daily operations[146] - Ms. Yeung has over 20 years of experience in finance and accounting, previously working at Ernst & Young and China Overseas Land & Investment Ltd[158] - Mr. Hou has over 20 years of experience in the aviation industry, serving as general manager at Guizhou Huang Ping Qie Lan General Aviation Company Limited since December 2017[165] - Ms. Sze, the deputy CEO, has over 20 years of marketing experience and has been with the Group since May 1999[167] - Mr. Kwan, the technology director, has over 20 years of experience in engineering and has been with the Group since September 1999[174] - Mr. Xia, the chief engineer, has over 20 years of experience in optoelectronics and general aviation, joining the Group in 2002[175] - The company is focused on enhancing its technical products and supplier relationships under the leadership of its technology director[174] - The Group's management team has extensive experience across various sectors, including finance, aviation, and engineering, contributing to its strategic direction[167][175] - The company aims to leverage its experienced management team to drive future growth and innovation in its product offerings[174] - The Group is committed to research and development, with a focus on advancing its product capabilities in the optoelectronics sector[175] - The overall administration and human resources management are overseen by Ms. Sze, ensuring effective operational support for the Group's strategic initiatives[167]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Peiport Holdings Ltd. 彼岸控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2885） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 彼岸控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度的經審核綜 合業績連同截至二零二一年十二月三十一日止年度的比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收益 4 245,612 279,371 銷售成本 (172,883) (197,020) ...

Financial Performance - The Group recorded revenue of approximately HK$119.4 million for the six months ended June 30, 2022, a decrease of approximately 1.8% compared to the same period in 2021[19]. - Net profit attributable to owners of the parent declined by approximately 64.6% to approximately HK$2.8 million for the same period[19]. - The Group's profit for the period attributable to owners decreased by approximately HK$5.1 million, or 64.6%, from approximately HK$7.9 million for the six months ended June 30, 2021, to approximately HK$2.8 million for the six months ended June 30, 2022[71]. - Revenue for the six months ended June 30, 2022, was HK$119,397,000, a decrease of 1.0% from HK$121,604,000 in the same period of 2021[165]. - Profit for the period was HK$2,529,000, down 67.9% compared to HK$7,880,000 in the previous year[169]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent were HK0.69 cents, a decrease from HK1.98 cents in the prior year[181]. - Total comprehensive income attributable to owners of the parent was HK$594,000, down from HK$8,535,000 in the previous year[176]. Revenue Breakdown - Revenue from thermal imaging products and services decreased by approximately 2.1%, totaling about HK$42.3 million, accounting for approximately 35.3% of the Group's revenue[28]. - Revenue from self-stabilised imaging products and services fell by approximately HK$10.8 million, a decline of about 46.2%, contributing approximately 10.6% to the Group's revenue[36]. - Revenue from general aviation products and services increased by approximately 16.9%, reaching about HK$64.3 million, and accounted for approximately 53.9% of the Group's revenue[37]. - Revenue from self-stabilised imaging products and services decreased by approximately HK$10.8 million, or 46.2%, from approximately HK$23.4 million to approximately HK$12.6 million due to delays in delivery schedules[49]. - Revenue from general aviation products and services increased by approximately HK$9.3 million, or 16.9%, from approximately HK$55.0 million to approximately HK$64.3 million, driven by increased market demand for light and ultra-light aircraft engines[49]. Economic Environment - The economic environment was adversely affected by the COVID-19 pandemic, with China's GDP growth at 2.5%, significantly below the government's target of 5.5%[18]. - Hong Kong's GDP contracted by 1.4% year-on-year in the second quarter of 2022 due to the ongoing pandemic[18]. - The GDP growth in mainland China was only 2.5% in the first half of 2022, significantly below the government's target of 5.5%[20]. - Hong Kong's GDP contracted by 1.4% year-on-year in the second quarter of 2022 due to the fifth wave of COVID-19[21]. - The economic outlook for 2022 remains uncertain due to the rapid spread of COVID-19 variants and tightening monetary policies by major central banks[40]. Operational Challenges - The Group faced challenges due to lockdown restrictions in China, impacting private spending and logistics[18]. - The Group remains focused on maintaining effective operations amidst complex market conditions[19]. - The Group is conservatively optimistic about long-term business prospects and aims to optimize resource allocation for sustainable growth[42]. - The Group plans to explore various opportunities to develop its businesses and formulate different strategies for effective resource utilization[43]. Assets and Liabilities - Total assets as of June 30, 2022, were HK$421.8 million, down from HK$432.5 million as of December 31, 2021[13]. - Total liabilities were HK$61.7 million as of June 30, 2022, compared to HK$67.3 million as of December 31, 2021[13]. - As at June 30, 2022, the Group's cash and cash equivalents were approximately HK$213.6 million, representing a decrease of approximately HK$10.4 million compared to approximately HK$224.0 million as at December 31, 2021[74]. Expenses - Selling and distribution expenses decreased by approximately HK$1.7 million, or 12.2%, from approximately HK$13.9 million to approximately HK$12.2 million, mainly due to reduced sales commission costs[61]. - Administrative expenses increased by approximately HK$1.6 million, or 11.4%, from approximately HK$14.0 million to approximately HK$15.6 million, primarily due to increased research and development costs[61]. - Other expenses increased by approximately HK$7.3 million, or 486.7%, primarily due to foreign exchange losses and write-offs of trade receivables[63]. - The cost of sales for the period was HK$80,873,000, resulting in a gross profit of HK$38,524,000[169]. Shareholder Information - As of June 30, 2022, Mr. Yeung Lun Ching and Ms. Wong Kwan Lik each hold approximately 75% of the company's shares, totaling 300,000,000 shares out of 400,000,000 shares issued[112]. - The company is primarily owned by Peiport Alpha Ltd., which is owned 50% by Mr. Yeung and 30% by Ms. Wong, making them controlling shareholders[112]. - Peiport Alpha has a total of 10 shares issued, with Mr. Yeung and Ms. Wong each holding 8 shares, representing 80% ownership[117]. - The total number of shares in issue as of June 30, 2022, is 400,000,000[112]. - The company did not grant any rights to acquire shares or debentures to directors or their family members during the six months ended June 30, 2022[127]. Corporate Governance - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the six months ended June 30, 2022[99]. - The Directors confirmed compliance with the required standards set out in the Model Code throughout the six months ended June 30, 2022[102]. - The audit committee reviewed the interim financial statements and confirmed compliance with accounting policies and disclosure requirements[160]. Share Option Scheme - The Share Option Scheme allows for a maximum of 40,000,000 shares to be issued, representing 10% of the shares in issue as of the Listing Date[141]. - The exercise price of the share options must be at least the highest of the closing price on the offer date, the average closing price for the five trading days before the offer, or the nominal value of the shares[148]. - The Share Option Scheme aims to motivate Eligible Participants to enhance performance efficiency and to attract and retain contributors beneficial to the Group's long-term growth[149]. - The Share Option Scheme became effective on January 11, 2019, and will remain in force for 10 years unless cancelled or amended[140].

Financial Performance - Revenue for the six months ended June 30, 2021, was HK$121,604,000, representing an increase of 19.1% compared to HK$102,092,000 for the same period in 2020[12]. - Gross profit for the period was HK$38,840,000, with a gross profit margin of approximately 31.98%[12]. - Profit attributable to owners of the parent for the period was HK$7,921,000, an increase of 6.9% from HK$7,408,000 in the prior year[12]. - The Group recorded a substantial increase in revenue by 19.1% on a period-to-period basis, with net profit increasing by 6.8% to approximately HK$7.9 million[17]. - Total comprehensive income for the period was HK$8,494,000, compared to HK$6,817,000 in 2020, representing an increase of approximately 24.7%[160]. - Profit before tax for the six months ended June 30, 2021, was HK$9,872,000, a marginal decrease from HK$9,916,000 in the previous year[158]. - Basic and diluted earnings per share for the period were HK1.98 cents, compared to HK1.85 cents in the same period of 2020, showing an increase of about 7%[163]. Revenue Breakdown - Revenue from the sale of thermal imaging products declined by approximately 37.2% to HK$43.2 million, accounting for 35.6% of the Group's revenue during the Period[18]. - Revenue from self-stabilised imaging products increased significantly by approximately 136.4% to HK$23.4 million, representing 19.2% of the Group's revenue[22]. - Revenue from general aviation products increased by 135.0% to approximately HK$55.0 million, accounting for 45.2% of the Group's revenue during the Period[22]. - Revenue from thermal imaging products and services decreased by approximately HK$25.6 million, or 37.2%, from approximately HK$68.8 million to approximately HK$43.2 million[36]. - Revenue from self-stabilised imaging products and services increased by approximately HK$13.5 million, or 136.4%, from approximately HK$9.9 million to approximately HK$23.4 million[36]. - Revenue from general aviation products and services increased by approximately HK$31.6 million, or 135.0%, from approximately HK$23.4 million to approximately HK$55.0 million[39]. Assets and Liabilities - Total assets as of June 30, 2021, were HK$405,073,000, slightly down from HK$405,506,000 as of December 31, 2020[14]. - Total liabilities as of June 30, 2021, were HK$354,418,000, compared to HK$351,283,000 as of December 31, 2020[14]. - As of June 30, 2021, the Group reported net current assets of approximately HK$339.3 million, compared to approximately HK$335.6 million as of December 31, 2020[56]. - Cash and cash equivalents were approximately HK$224.2 million as of June 30, 2021, representing an increase of approximately HK$14.0 million compared to approximately HK$210.2 million as of December 31, 2020[56]. - Total current liabilities decreased to HK$46,866,000 from HK$51,189,000, a reduction of 8.54%[184]. - Net assets increased to HK$355,277,000 from HK$351,283,000, reflecting a growth of 1.13%[188]. Operational Strategy - The company is focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[10]. - New product development initiatives are underway to leverage emerging technologies and meet customer demands[10]. - The management is optimistic about future growth prospects, aiming for a continued upward trend in revenue and profitability[10]. - The company plans to explore potential mergers and acquisitions to strengthen its market position[10]. - Ongoing efforts to improve operational efficiency and cost management are expected to contribute positively to financial performance[10]. - The Group is exploring opportunities to expand its business in the education industry, specifically through a cooperation agreement with Menlo Education Inc. to provide STEM education in Hong Kong[29]. Expenses and Costs - Selling and distribution expenses increased by approximately HK$1.5 million, or 12.1%, from approximately HK$12.4 million for the six months ended June 30, 2020, to approximately HK$13.9 million for the six months ended June 30, 2021[49]. - Administrative expenses increased by approximately HK$1.3 million, or 10.2%, from approximately HK$12.7 million for the six months ended June 30, 2020, to approximately HK$14.0 million for the six months ended June 30, 2021[49]. - The Group's other expenses decreased by approximately HK$1.7 million, or 53.1%, primarily due to the recognition of foreign exchange gain for the six months ended June 30, 2021[51]. - The Group's income tax expense decreased by approximately HK$0.5 million, or 20.0%, from approximately HK$2.5 million for the six months ended June 30, 2020, to approximately HK$2.0 million for the six months ended June 30, 2021[51]. Shareholder Information - As of June 30, 2021, Peiport Alpha Ltd. holds 300,000,000 shares, representing a 75% ownership stake in the company[96]. - Mr. Yeung Lun Ching and Ms. Wong Kwan Lik each have an interest in 300,000,000 shares, also reflecting a 75% ownership[96]. - The total number of shares issued as of June 30, 2021, is 400,000,000[96]. - The entire issued share capital of Peiport Alpha is owned 70% by Mr. Yeung and 30% by Ms. Wong[96]. - The company has not granted any rights to acquire shares or debentures to directors or their immediate family during the six months ended June 30, 2021[113]. - The company is approximately 75% owned by Peiport Alpha, with Mr. Yeung and Ms. Wong holding 70% and 30% of Peiport Alpha, respectively[3]. Share Option Scheme - The Share Option Scheme allows for a maximum issuance of 40,000,000 shares, representing 10% of the shares in issue as of the Listing Date and the date of the Interim Report[123]. - Each Eligible Participant can receive share options limited to 1% of the shares in issue within any 12-month period[123]. - The exercise price of the share options must be at least the highest of the closing price on the offer date, the average closing price for the five trading days prior, or the nominal value of the shares[130]. - The Share Option Scheme aims to motivate Eligible Participants to enhance performance efficiency and to attract and retain contributors beneficial to the company's long-term growth[131]. - The Share Option Scheme became effective on January 11, 2019, and will remain in force for 10 years until December 17, 2028[124]. - The company did not grant any share options under the Share Option Scheme during the reporting period[133].