Core Viewpoint - The company reported a revenue decline of approximately 9.5% for the six months ending June 30, 2025, amounting to about HKD 2.715 billion [1] Financial Performance - The loss attributable to equity holders was approximately HKD 79 million, compared to a loss of HKD 69 million for the same period in 2024 [1] - The basic loss per share attributable to equity holders was approximately HKD 0.094, an increase from HKD 0.081 in the same period of 2024 [1] Net Asset Value - As of June 30, 2025, the net asset value per share attributable to equity holders was approximately HKD 4.0, slightly up from about HKD 3.9 as of December 31, 2024 [1]

公告称，收入下降由于期内关税政策的不确定性，客户仍在评估其供应链决策以降低进口关税。此外， 集团位于越南的工厂于2025年第二季才开始生产及其产能尚未能完全开放承接订单，加上集团的机壳产 品在上半年需求持续疲软。亏损主要归因于销售收入及毛利下降，部分影响被其他收入及收益的增加和 经营成本的下降所抵销。 巨腾国际(03336)公布2025年中期业绩，收入约为27.15亿港元，同比下跌约9.5%。毛利约为7300万港 元，同比下跌约63.6%。公司股权持有人应占亏损约为7907.2万港元，同比增长15.1%;每股基本亏损约 为9.4港仙。 ...

公告称，收入下降由于期内关税政策的不确定性，客户仍在评估其供应链决策以降低进口关税。此外， 集团位于越南的工厂于2025年第二季才开始生产及其产能尚未能完全开放承接订单，加上集团的机壳产 品在上半年需求持续疲软。亏损主要归因于销售收入及毛利下降，部分影响被其他收入及收益的增加和 经营成本的下降所抵销。 智通财经APP讯，巨腾国际(03336)公布2025年中期业绩，收入约为27.15亿港元，同比下跌约 9.5%。毛 利约为7300万港元，同比下跌约 63.6%。公司股权持有人应占亏损约为7907.2万港元，同比增长15.1%; 每股基本亏损约为 9.4 港仙。 ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company experienced a 9.5% revenue decline and a 63.6% gross profit drop, with loss attributable to equity holders expanding to HK$79 million, while net asset value per share slightly rose Key Financial Indicators for H1 2025 | Indicator | Six Months Ended June 30, 2025 | Y-o-Y Change | | :--- | :--- | :--- | | Revenue (HK$ million) | Approx. 2,715 | Down approx. 9.5% | | Gross Profit (HK$ million) | Approx. 73 | Down approx. 63.6% | | Gross Margin (%) | Approx. 2.7% | Down from 6.6% | | Loss Attributable to Equity Holders (HK$ million) | Approx. 79 | Loss expanded (prior period loss HK$69 million) | | Basic Loss Per Share (HK cents) | Approx. 9.4 | Loss expanded (prior period loss 8.1 HK cents) | | Net Asset Value Per Share (End of Period) (HK$) | Approx. 4.0 | Increased (HK$3.9 at end of 2024) | [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) Revenue declined by 9.5% to HK$2.715 billion, with gross profit significantly reduced to HK$72.68 million, leading to an expanded pre-tax loss of HK$130 million and a total loss of HK$133 million Condensed Consolidated Statement of Profit or Loss Summary (HK$ '000) | Item | 2025 H1 (Unaudited) | 2024 H1 (Unaudited) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 2,714,737 | 2,999,320 | -9.5% | | Gross Profit | 72,681 | 199,416 | -63.6% | | Loss Before Tax | (130,312) | (94,559) | +37.8% | | Loss for the Period | (133,125) | (101,863) | +30.7% | | Loss Attributable to Equity Holders of the Company | (79,072) | (68,699) | +15.1% | | Basic Loss Per Share (HK cents) | (9.4) | (8.1) | +16.0% | [Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) Despite a HK$133 million loss, total comprehensive income turned positive to HK$96.52 million, driven by HK$227 million in exchange gains from overseas operations, a significant improvement year-on-year - Benefiting from positive exchange differences from overseas operations, total comprehensive income for the period turned profitable, recording **HK$96.52 million**, compared to a total comprehensive expense of **HK$308 million** in the prior period[5](index=5&type=chunk) [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) Total assets reached HK$10.68 billion, with net assets at HK$5.80 billion, a slight increase from 2024 year-end, and net current assets improved to HK$134 million, while borrowings rose Key Items from Statement of Financial Position (HK$ '000) | Item | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | | :--- | :--- | :--- | | Total Non-current Assets | 5,809,036 | 5,729,626 | | Total Current Assets | 4,872,854 | 4,612,833 | | Total Current Liabilities | 4,739,290 | 4,513,891 | | Total Non-current Liabilities | 141,359 | 114,244 | | Net Assets | 5,801,241 | 5,714,324 | | Equity Attributable to Equity Holders of the Company | 4,785,457 | 4,637,196 | [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) [Note 1: Basis of Preparation and Going Concern](index=6&type=section&id=Note%201%3A%20Basis%20of%20Preparation%20and%20Going%20Concern) Prepared under HKAS 34, the Group obtained a post-period waiver for syndicated loan covenant breaches and is implementing measures like refinancing and asset recovery to ensure going concern - The Group breached two covenants of its **HK$1.126 billion** syndicated loan at the end of the reporting period but subsequently obtained a one-time waiver from the bank[9](index=9&type=chunk) - To ensure going concern, management plans to improve liquidity through loan refinancing, utilizing approximately **HK$1.677 billion** in unutilized credit facilities, and recovering approximately **HK$485 million** from asset disposals[10](index=10&type=chunk) [Note 2: Segment Information](index=7&type=section&id=Note%202%3A%20Segment%20Information) The Group operates as a single segment, manufacturing notebook and handheld device casings, with approximately 88.5% of revenue generated from Mainland China Revenue by Geographical Region (HK$ '000) | Region | 2025 H1 | 2024 H1 | | :--- | :--- | :--- | | Mainland China (excluding Hong Kong) | 2,401,545 | 2,705,649 | | Others | 313,192 | 293,671 | [Note 3: Revenue, Other Income and Gains](index=7&type=section&id=Note%203%3A%20Revenue%2C%20Other%20Income%20and%20Gains) Revenue of HK$2.715 billion was solely from casing sales, while other income and gains surged to HK$209 million, largely due to a HK$139 million gain from asset disposals - A disposal gain of **HK$139 million** was recognized during the period from the sale of assets related to a production plant in Suzhou, China, which is the primary reason for the significant year-on-year increase in other income and gains[19](index=19&type=chunk)[24](index=24&type=chunk) [Note 7 & 8: Dividends and Loss Per Share](index=10&type=section&id=Note%207%20%26%208%3A%20Dividends%20and%20Loss%20Per%20Share) The Board recommends no interim dividend, with basic loss per share calculated at 9.4 HK cents based on a HK$79.07 million loss - The Board decided not to declare an interim dividend for the six months ended June 30, 2025[26](index=26&type=chunk) - Basic loss per share attributable to equity holders of the Company was **9.4 HK cents**, compared to **8.1 HK cents** in the prior period[27](index=27&type=chunk) [Management Discussion and Analysis](index=13&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review and Outlook](index=13&type=section&id=Business%20Review%20and%20Outlook) Sales faced pressure from tariffs and Vietnam factory ramp-up, leading to revenue decline and expanded losses, while the company strategically shifts production to Vietnam and eyes future growth from Windows upgrades and AI PCs - Sales performance was under pressure in the first half, primarily due to tariff fluctuations in export markets and the initial underutilization of the Vietnam factory's production capacity[36](index=36&type=chunk) - The company is strategically relocating some of its Chinese production capacity to Vietnam to reduce costs, improve efficiency, and enhance supply chain resilience[37](index=37&type=chunk) - Looking ahead, Windows system upgrades (expected to phase out **240 million** PCs) and the rapid growth of AI PCs (shipments projected to surge **165.5%** in 2025) are key market growth drivers[39](index=39&type=chunk) [Financial Review](index=14&type=section&id=Financial%20Review) Revenue declined 9.5% with gross margin at 2.7% due to weak demand and factory ramp-up, while asset disposal gains boosted other income, but foreign exchange losses and increased turnover days led to an expanded HK$79 million loss [Revenue and Gross Margin](index=14&type=section&id=Revenue%20and%20Gross%20Margin) Revenue fell 9.5% to HK$2.715 billion due to tariff uncertainties and factory ramp-up, while gross margin dropped to 2.7%, or 6.3% excluding inventory provisions Revenue and Gross Margin Performance | Indicator | 2025 H1 | 2024 H1 | | :--- | :--- | :--- | | Revenue (HK$ million) | Approx. 2,715 | Approx. 2,999 | | Gross Margin (%) | Approx. 2.7% | Approx. 6.6% | | Gross Margin Excluding Inventory Provisions (%) | Approx. 6.3% | Approx. 8.2% | [Operating Costs and Other Expenses](index=15&type=section&id=Operating%20Costs%20and%20Other%20Expenses) Operating costs decreased by 14.6% to HK$297 million due to cost controls, but other expenses surged 546.9% to HK$35 million, primarily from a shift from foreign exchange gain to loss - Operating costs decreased by **14.6%** year-on-year, primarily due to reductions in staff costs, depreciation, professional fees, and transportation expenses[43](index=43&type=chunk) - Other expenses significantly increased, mainly due to the appreciation of RMB against USD, which resulted in a shift from net foreign exchange gain to net loss[44](index=44&type=chunk) [Liquidity and Financial Ratios](index=16&type=section&id=Liquidity%20and%20Financial%20Ratios) Total borrowings rose to HK$2.81 billion, with gearing at 26.3%, while operating cash flow significantly decreased to HK$149 million, and all key turnover days lengthened Key Financial Ratios | Indicator | 2025 H1 | 2024 H1 | | :--- | :--- | :--- | | Inventory Turnover Days | Approx. 78 | Approx. 88 | | Trade Receivables Turnover Days | Approx. 145 | Approx. 134 | | Trade Payables and Notes Turnover Days | Approx. 65 | Approx. 50 | - Net cash flow from operating activities significantly decreased from **HK$480 million** in the prior period to **HK$149 million**, primarily due to increased loss before tax and higher inventory[49](index=49&type=chunk) [Corporate Governance and Other Disclosures](index=18&type=section&id=Corporate%20Governance%20and%20Other%20Disclosures) [Interim Dividend](index=18&type=section&id=Interim%20Dividend) The Board has decided not to recommend any interim dividend for the six-month period ended June 30, 2025 - The Board does not recommend the payment of an interim dividend for the current period[59](index=59&type=chunk) [Corporate Governance Practices](index=18&type=section&id=Corporate%20Governance%20Practices) The company largely complies with the Corporate Governance Code, with a deviation where the Chairman also serves as CEO, an arrangement the Board believes ensures unified strategic leadership - The company deviates from the Corporate Governance Code's requirement for separation of Chairman and Chief Executive Officer roles, with Mr. Zheng Liyu currently holding both positions[60](index=60&type=chunk) [Audit Committee](index=19&type=section&id=Audit%20Committee) The Audit Committee has reviewed the Group's accounting policies and the unaudited interim financial results for the period, expressing no disagreement - The Audit Committee has reviewed the interim results for the current period and has no disagreement[63](index=63&type=chunk)

（於開曼群島註冊成立之有限公司） 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通知之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不會就因本通知全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 JU TENG INTERNATIONAL HOLDINGS LIMITED 張勵研 香港，二零二五年八月五日 於本通知日期，執行董事為鄭立育先生、邱輝欽先生、黃國光先生、徐容國先生及王挺進先 生；非執行董事為鄭立彥先生；及獨立非執行董事為葉偉明先生、袁志豪先生及莊淑惠博士。 (1) 省覽及通過本公司及其附屬公司截至二零二五年六月三十日止六個月的未經審核中期 業績，並通過於香港聯合交易所及本公司網站內刊發有關公告﹔ (2) 通過本公司截至二零二五年六月三十日止六個月的中期報告﹔ (3) 考慮及通過派發二零二五年六月三十日止六個月的中期股息（如有）﹔以及 (4) 省覽及通過其他事項（如有）。 （股份代號：3336） 董事會會議通知 巨騰國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈，本公司將 於二零二五年八月十五日（星期五）舉行董事會會議，目的如下 ...

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之內容概不負責，對其 準確性或完備性亦不發表任何聲明，並表明不會就因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 JU TENG INTERNATIONAL HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） （股份代號：3336） 海外監管公告 本公告是由巨騰國際控股有限公司（「本公司」）依據香港聯合交易所有限公司證券上市規 則第 13.10B 條作出。 以下所附是本公司按臺灣證券交易所股份有限公司的規定於二零二五年八月四日在臺灣證 券交易所股份有限公司網頁刊發的公告。 承董事會命 巨騰國際控股有限公司 主席兼執行長 香港，二零二五年八月四日 於本公告日期，執行董事為鄭立育先生、邱輝欽先生、黃國光先生、徐容國先生及王挺進 先生；非執行董事為鄭立彥先生；及獨立非執行董事為葉偉明先生、袁志豪先生及莊淑惠 博士。 -1- 【法規來源】外國發行人募集與發行有價證券處理準則§42 附表三十九 ____巨騰國際控股____有限公司 臺灣存託憑證流通及兌回情形月報表 114 年 7 月 | 項 目 | 單位數 | | ...

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 致：香港交易及結算所有限公司 公司名稱: 巨騰國際控股有限公司(於開曼群島註冊成立之有限公司) 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) | 03336 | 說明 | 巨騰國際 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本 ...

Financial Performance - The company reported revenue of approximately HKD 6,026 million for the fiscal year 2024, a decrease of 13.1% compared to HKD 6,936 million in 2023[10]. - The loss attributable to equity holders of the company was HKD 530 million, representing an increase of 129.4% from a loss of HKD 231 million in the previous year[10]. - The basic and diluted loss per share was HKD 62.7 cents, up 129.7% from HKD 27.3 cents in 2023[10]. - The gross profit margin decreased to 2.9% from 7.3% in the previous year, a decline of 4.4 percentage points[10]. - The operating loss margin increased to -8.8% from -2.3%, reflecting a deterioration of 6.5 percentage points[10]. - The net loss margin also worsened to -8.8% from -3.3%, indicating a decline of 5.5 percentage points[10]. - The company recorded a significant increase in impairment of property, plant, and equipment to approximately HKD 304,000,000 in 2024, compared to HKD 45,000,000 in 2023[26]. - The company recorded a loss before tax of HKD 727,561, compared to a loss of HKD 166,645 in the previous year, indicating a significant increase in losses[199]. - The net loss for the year was HKD 729,882, which is a 121.1% increase from the loss of HKD 328,821 in 2023[199]. - Gross profit for the same period was HKD 173,185, down 65.9% from HKD 507,500 in 2023[199]. - Administrative expenses rose to HKD 556,402 from HKD 518,044, suggesting increased operational costs[199]. - The company incurred other expenses of HKD 313,788, significantly higher than HKD 75,122 in the previous year, indicating potential issues in cost management[199]. Cash Flow and Financial Position - The company achieved a net cash flow from operating activities of HKD 741 million, an increase of 23.9% from HKD 598 million in the previous year[10]. - The group's cash flow from operating activities increased from approximately HKD 598 million in 2023 to approximately HKD 741 million in 2024, primarily due to a decrease in inventory and trade receivables[42]. - As of December 31, 2024, total bank and other borrowings amounted to approximately HKD 2,640,000,000, a decrease of about 15.8% from HKD 3,137,000,000 the previous year[41]. - The total bank and other borrowings decreased from approximately HKD 3,137 million in 2023 to approximately HKD 2,640 million in 2024, resulting in a slight decrease in the debt ratio to approximately 25.5%[43]. - The group's inventory net value as of December 31, 2024, is HKD 1,048,338,000, with significant management judgment involved in the assessment of inventory provisions[184]. - The net value of the group's property, plant, and equipment as of December 31, 2024, is HKD 4,819,400,000, with impairment assessments based on cash-generating units[187]. Market Trends and Strategy - The global personal computer market showed a slight growth of 1.3% in 2024, but the domestic market in China experienced a significant decline in shipments[18][19]. - The demand for AI PCs is expected to drive significant growth, with global shipments projected to reach 114 million units by 2025, a 165.5% increase from 2024[21]. - The company is actively investing in production facilities in Vietnam to enhance its capacity to meet Southeast Asian demand[22]. - The company is focusing on domestic factory integration and the construction of a factory in Vietnam to reduce operating costs and enhance production flexibility[19]. - The company aims to leverage the upcoming PC replacement cycle driven by operating system upgrades and technological innovations[21]. - The company plans to continue optimizing resource allocation and production efficiency to adapt to market changes and challenges[22]. - The group is focused on developing new casing products to capture market opportunities amid competition from alternative products in the laptop and handheld device markets[53]. - The group aims to diversify its product portfolio to reduce reliance on casing products, which are currently its main revenue source[54]. Governance and Management - The management team consists of experienced professionals with extensive backgrounds in the computer and electronics industry, contributing to strategic planning and operational management[66][67][68]. - The company has established a comprehensive product quality inspection procedure to ensure all products meet quality standards[59]. - The company emphasizes occupational safety management, complying with relevant laws and regulations, and conducts regular safety training for employees[60]. - The company maintains strong relationships with key stakeholders, including employees, customers, suppliers, and shareholders, which are crucial for its success[61]. - The company has a diverse talent pool, with a robust internal promotion system to retain and motivate high-performing employees[62]. - The company prioritizes supplier management, selecting high-quality suppliers based on financial status, operational level, and product quality[64]. - The company aims to enhance shareholder value through sustainable profit growth and stable dividends, considering capital adequacy and liquidity[65]. Shareholder Information - No final dividend is recommended for the current year, consistent with the previous year[85]. - The group’s distributable reserves as of December 31, 2024, are approximately HKD 4,715,277,000[93]. - Sales to the top five customers accounted for approximately 79% of the total revenue for the year ending December 31, 2024, with the largest customer representing about 22%[95]. - The group did not purchase, sell, or redeem any of its listed securities during the year ending December 31, 2024[91]. - The company has not issued any new share capital during the year ending December 31, 2024[92]. - The company has a total of 8 senior management personnel with varying salary ranges, indicating a diverse compensation structure[105]. - The company has established a share option scheme effective from May 11, 2015, with a remaining duration of approximately one month[117]. - The company has established a share award plan to reward eligible participants for their contributions and attract suitable talent for future development[125]. Corporate Governance - The company has adopted the corporate governance code as per the Listing Rules Appendix C, ensuring compliance for the financial year ending December 31, 2024[143]. - The board consists of five executive directors, one non-executive director, and four independent non-executive directors, overseeing the company's overall management and operations[147]. - The independent non-executive directors have confirmed their compliance with the independence guidelines as per the Listing Rules[147]. - The company has established a practice of rotating directors at the annual general meeting as per its articles of association[149]. - The remuneration of directors is subject to approval by shareholders at the company's general meeting[150]. - The board held a total of six meetings and two shareholder meetings in the fiscal year ending December 31, 2024[152]. - The corporate governance committee reviewed the company's governance policies and practices during the fiscal year[156]. - The board aims to achieve at least 30% female representation by December 31, 2030, as part of its diversity policy[160]. - The gender ratio of the workforce as of December 31, 2024, is 90% male and 10% female among directors, and 56% male and 44% female among employees[161]. Risk Management - The board is responsible for maintaining a robust internal control system, with a focus on risk management and compliance processes[170]. - An independent professional was hired to conduct an annual review of the group's risk management and internal control systems for the fiscal year ending December 31, 2024[171]. - The board acknowledges that the risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatements[172].

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately HKD 6,026 million, a decrease of about 13.1% year-on-year[3] - The gross profit for the same period was approximately HKD 173 million, down approximately 65.9% compared to the previous year[3] - The gross profit margin fell from approximately 7.3% for the year ending December 31, 2023, to about 2.9%[3] - The loss attributable to equity holders of the company was approximately HKD 530 million, compared to a loss of approximately HKD 231 million for the previous year[3] - Basic loss per share attributable to equity holders was approximately HKD 0.627, compared to HKD 0.273 for the year ending December 31, 2023[3] - Total comprehensive loss for the year was approximately HKD 1,042 million, compared to HKD 644 million in the previous year[5] - The group's pre-tax loss was impacted by a significant increase in property, plant, and equipment impairment, which rose to HKD 303,596,000 in 2024 from HKD 45,000,000 in 2023[19] - The basic loss per share increased to HKD 0.626 in 2024 from HKD 0.273 in 2023, reflecting a worsening financial performance[25] Assets and Liabilities - Non-current assets decreased from approximately HKD 6,527 million to HKD 5,729 million year-on-year[6] - Current assets decreased from approximately HKD 5,628 million to HKD 4,613 million year-on-year[6] - Total equity decreased from approximately HKD 6,757 million to HKD 5,714 million year-on-year[7] - Trade receivables decreased to HKD 2,120,561,000 in 2024 from HKD 2,490,039,000 in 2023, a reduction of approximately 14.8%[26] - The aging analysis of trade receivables showed a decline in amounts within 3 months to HKD 1,315,604,000 in 2024 from HKD 1,440,992,000 in 2023[27] - As of December 31, 2024, total bank and other borrowings amounted to approximately HKD 2,640,000,000, a decrease of about 15.8% from HKD 3,137,000,000 in the previous year[44] Revenue Sources - Revenue from customers in mainland China (excluding Hong Kong) was HKD 5,417,093,000, down 16.6% from HKD 6,495,182,000 in the prior year[14] - Major customers contributed sales of approximately HKD 1,325,689,000, HKD 1,314,717,000, HKD 954,772,000, and HKD 668,830,000, each accounting for over 10% of total sales[15] Operational Costs - The cost of goods sold decreased to HKD 5,853,135,000 in 2024 from HKD 6,428,556,000 in 2023, a decline of about 8.9%[19] - Operating costs increased by approximately 6.3% to about HKD 706,000,000, compared to HKD 664,000,000 in the previous year, with operating costs as a percentage of revenue rising to approximately 11.7% from 9.6%[39] Financing and Credit - The group has approximately HKD 1,743,267,000 in undrawn revolving credit facilities available to support its financial obligations and operations[10] - The group has outstanding receivables of approximately HKD 501,151,000 from the sale of non-current assets classified as held for sale, with HKD 84,933,000 collected after the reporting period[10] - The group has a history of successfully extending revolving loans and will continue negotiations for refinancing existing bank loans[10] - The group's financing costs decreased to HKD 182,728,000 in 2024 from HKD 214,562,000 in 2023, representing a reduction of approximately 14.8%[18] Market Outlook - The global PC market shipment volume is projected to reach 245 million units in 2024, reflecting a growth of 1.3% compared to 2023[30] - The Chinese PC market experienced a sharp decline of 12% in shipment volume in the first quarter of 2024 due to increased economic uncertainty[30] - The company maintains a cautiously optimistic outlook for the future development of the PC market, anticipating a recovery in market demand driven by economic recovery and technological innovation[35] Other Financial Metrics - Interest income increased to HKD 33,794,000 from HKD 28,167,000 year-over-year[17] - The group recorded a net foreign exchange gain of HKD 145,114,000, compared to HKD 111,780,000 in the previous year[17] - Other income and gains rose by approximately 7.8% to about HKD 301,000,000, compared to HKD 280,000,000 in the previous year, accounting for about 5.0% of total revenue[38] - The total tax expense for the year was HKD 2,321,000 in 2024, a substantial decrease from HKD 162,176,000 in 2023[23] - Income tax expenses for the year were approximately HKD 2,000,000, a significant decrease from HKD 162,000,000 in the previous year[42] Corporate Governance - The independent non-executive directors were unable to attend the annual general meeting on May 16, 2024, due to other business commitments, but all committee members were present to answer questions[59] - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the standards set forth in the listing rules[60] - There have been no significant events affecting the group from the end of the fiscal year until the announcement date[61] - The audit committee reviewed the accounting policies and financial performance of the group for the year[62] - Ernst & Young has verified the financial figures in the consolidated income statement and balance sheet for the year ending December 31, 2024, confirming consistency with the group's financial statements[63] - The annual results announcement is available on the company's website and the Hong Kong Stock Exchange[64]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 2,999 million, a decrease of 13.4% compared to HKD 3,463 million in 2023[3]. - The net loss attributable to equity holders for the same period was HKD 69 million, compared to a loss of HKD 57 million in 2023, representing an increase of 21.1%[3]. - Basic and diluted loss per share for the period was HKD 8.1, up 20.9% from HKD 6.7 in the previous year[3]. - EBITDA for the period was HKD 356 million, down 21.2% from HKD 452 million in 2023[3]. - The company reported a loss of HKD 101,863,000 for the six months ended June 30, 2024, compared to a loss of HKD 120,716,000 for the same period in 2023, representing a 15% improvement in performance[6]. - Total comprehensive expenses for the period amounted to HKD 307,875,000, down from HKD 650,972,000 in the previous year, indicating a reduction of approximately 53%[6]. - The company recorded a pre-tax loss of HKD 155,826 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 266,452 in the same period of 2023, showing an improvement of 41.5%[18]. - The company reported a basic loss attributable to equity holders of HKD 68,699,000 for the six months ended June 30, 2024, compared to a loss of HKD 57,073,000 for the same period in 2023[22]. Profitability Metrics - Gross profit margin improved to 6.6%, up from 3.1% in the previous year, reflecting a 3.5% increase[3]. - The operating loss margin decreased to -4.9%, an improvement from -6.3% in 2023, indicating a 1.4% enhancement[3]. - The net loss margin was -2.3%, compared to -1.6% in the previous year, showing a decline of 0.7%[3]. - Other income and gains fell by about 41.5% to approximately HKD 156,000,000, primarily due to a decrease in foreign exchange gains of about HKD 104,000,000[40]. - Operating costs rose by approximately 7.0% to about HKD 347,000,000, with employee costs and transportation expenses being the main contributors[40]. Cash Flow and Liquidity - Cash flow from operating activities increased significantly to HKD 480 million, compared to HKD 178 million in the previous year, representing a 169.7% increase[3]. - For the six months ended June 30, 2024, the company reported a net cash flow from operating activities of HKD 480,098, compared to HKD 178,347 for the same period in 2023, representing an increase of 169%[11]. - The company recorded a net cash outflow from investing activities of HKD 198,952, compared to HKD 10,959 in the previous year, indicating increased investment activity[11]. - Financing activities resulted in a net cash outflow of HKD 201,682, a significant improvement from HKD 495,056 in the same period of 2023[11]. Assets and Liabilities - Non-current assets decreased to HKD 6,263,762,000 as of June 30, 2024, from HKD 6,527,161,000 at the end of 2023, reflecting a decline of about 4%[7]. - Current assets totaled HKD 5,247,116,000, down from HKD 5,628,353,000, marking a decrease of approximately 7%[8]. - The net current assets decreased to HKD 604,603,000 from HKD 948,941,000, representing a decline of about 36%[8]. - Total liabilities decreased to HKD 4,642,513,000 from HKD 4,679,412,000, showing a slight reduction of around 1%[8]. - The company's equity attributable to shareholders was HKD 5,070,602,000 as of June 30, 2024, down from HKD 5,345,443,000 at the end of 2023, indicating a decrease of approximately 5%[10]. - The company’s non-current liabilities decreased to HKD 419,448,000 from HKD 719,310,000, representing a significant reduction of about 42%[8]. Market and Strategic Outlook - The global personal computer market showed a year-on-year growth of 3.2% and 3.4% in the first two quarters of 2024, according to Canalys[37]. - The company is actively adjusting its product mix and market strategies to address weak demand and is implementing strict cost control measures[37]. - The company plans to relocate part of its production capacity to Vietnam, with the new facility expected to commence operations in the second half of 2024[37]. - The upcoming end of support for Windows 10 by Microsoft in 2025 is expected to drive a replacement demand for personal computers, with over 240 million devices potentially needing upgrades[38]. - AI PCs are projected to reach a shipment volume of 54.5 million units by the end of 2024, accounting for 22% of total PC shipments, which may enhance the company's market opportunities[38]. - The company maintains a cautiously optimistic outlook for the personal computer market despite ongoing geopolitical tensions and economic uncertainties[38]. - The company will continue to pursue cost reduction and efficiency improvement strategies to enhance operational flexibility and competitiveness[38]. Shareholder and Governance Information - The company did not recommend any interim dividend for the current period, consistent with the previous year[21]. - Major shareholders include Nanya with 303,240,986 shares, representing approximately 25.27% of the issued share capital as of June 30, 2024[73]. - The company has adopted corporate governance practices in line with the corporate governance code and regularly reviews these practices[79]. - The board believes that having the same person serve as both chairman and CEO enhances consistent leadership and effective strategy execution[79]. - The company has not granted any awards under the share incentive plan as of June 30, 2024[72]. Stock Options and Incentive Plans - The company has a stock option plan that allows for the exercise of options within a specified period, with the latest options expiring in 2024[58]. - The total number of stock options granted includes 12,252,800 options with an exercise price of HKD 1.48, valid until August 31, 2024[63]. - The stock reward plan aims to attract suitable talent to drive future development, with contributions from eligible participants being recognized[67]. - The vesting period for stock rewards is defined as ten working days after the date determined by the board or the date when performance targets are met[69]. - The company has made amendments to the stock reward plan to allow existing shares to meet future awards without needing to purchase new shares[67].