格隆汇8月13日丨仁恒实业控股(03628.HK)公告，董事会会议将于2025年8月29日(星期五)举行，以(其中 包括)考虑并批准公司及其附属公司截至2025年6月30日止6个月的未经审核综合财务报表和其发布及处 理任何其他事宜。 ...

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倚賴該等內容 而引致的任何損失承擔任何責任。 仁恒實業控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於二零二五年八月 二十九日（星期五）舉行，以（其中包括）考慮並批准本公司及其附屬公司截至二零二五年六月三十日止 六個月的未經審核綜合財務報表和其發佈及處理任何其他事宜。 RENHENG Enterprise Holdings Limited 仁恒實業控股有限公司 （於開曼群島註冊成立的有限公司） 承董事會命 仁恒實業控股有限公司 （股份代號：3628) 董事會會議通告 劉利 香港，二零二五年八月十三日 於本公告日期，執行董事為劉利女士，廖麗娟女士及文元先生；獨立非執行董事為林家禮博士、林 至頴先生及鄔煒先生。 主席及行政總裁 ...

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: 仁恒實業控股有限公司 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 03628 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 804,000,000 | | 0 | | 804,000,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 804,000,000 | | 0 | | 804,000,000 | 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 ...

Financial Performance - The company recorded a revenue of approximately HKD 114,896,000 for the year ended December 31, 2024, representing a decrease of about 7.7% compared to the previous year[6]. - The net profit attributable to shareholders for the year was approximately HKD 7,035,000, down from HKD 13,558,000 in 2023[6]. - The company recorded a profit of HKD 7,035,000 for the year ending December 31, 2024, down from HKD 13,558,000 for the previous year, representing a decline of approximately 48.2%[26]. - Revenue for 2024 was HKD 114,896,000, a decrease of 7.3% compared to HKD 124,423,000 in 2023[196]. - Gross profit for 2024 was HKD 38,527,000, down 15.7% from HKD 45,724,000 in 2023[196]. - Net profit for the year was HKD 7,035,000, a decline of 48.2% from HKD 13,558,000 in 2023[196]. - Basic and diluted earnings per share for 2024 were HKD 0.88, compared to HKD 1.69 in 2023, reflecting a decrease of 48%[196]. Revenue Sources - Revenue from the tobacco flavoring and blending machinery contracts was HKD 108,722,000, accounting for 94.6% of total revenue, compared to HKD 102,897,000 or 82.7% in the previous year[26]. - The average contract value for completed tobacco flavoring machinery contracts was HKD 4,727,000, down from HKD 6,431,000 in the previous year[28]. Expenses and Costs - Operating expenses decreased by HKD 597,000 or 2.2% to HKD 26,191,000 compared to HKD 26,788,000 in the previous year[29]. - Selling and distribution expenses decreased significantly by HKD 3,758,000 to HKD 6,452,000, attributed to a focus on a limited number of major clients[30]. - Administrative expenses increased by HKD 3,161,000 or 19.1% to HKD 19,739,000, mainly due to higher travel, welfare, and security expenses[30]. - Research and development expenses slightly decreased by HKD 67,000 or 1.4% to HKD 4,605,000[30]. Assets and Liabilities - The group's cash and cash equivalents reached HKD 96,630,000 as of December 31, 2024, compared to HKD 86,100,000 in 2023, primarily denominated in RMB and HKD[35]. - The net current assets of the group increased to HKD 106,521,000 as of December 31, 2024, from HKD 98,984,000 in 2023[35]. - The group maintained a zero debt ratio as of December 31, 2024, consistent with the previous year[35]. - Total assets less current liabilities increased to HKD 129,838,000 in 2024 from HKD 125,066,000 in 2023, representing a growth of 2.2%[198]. - Current assets net worth rose to HKD 106,521,000 in 2024, up from HKD 98,984,000 in 2023, an increase of 7.8%[198]. - Trade and other receivables increased to HKD 49,380,000 in 2024 from HKD 38,780,000 in 2023, a growth of 27.5%[198]. - Cash and cash equivalents decreased to HKD 59,532,000 in 2024 from HKD 86,100,000 in 2023, a decline of 30.8%[198]. Corporate Governance - The company has adopted all the corporate governance code provisions except for the separation of the roles of Chairman and CEO, as stated in code provision C.2.1[88]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[90]. - All independent non-executive directors have confirmed their independence and possess appropriate professional accounting qualifications or relevant financial management experience[99]. - The company has no established corporate governance committee, with the board authorized to perform governance functions[97]. - The roles of Chairman and CEO are held by the same individual, Liu Li, ensuring clarity in leadership[100]. - The company will present a resolution for the re-election of directors at the annual general meeting, including Liu Li and other newly appointed directors[104]. Environmental and Social Responsibility - The company is focused on sustainable development, aiming to create long-term value for shareholders and stakeholders[135]. - The environmental, social, and governance report is prepared in accordance with the Hong Kong Stock Exchange's guidelines for the fiscal year ending December 31, 2024[136]. - In the fiscal year 2024, the company emitted 388.14 tons of CO2 equivalent greenhouse gases, a decrease of 22.1% from 498.87 tons in fiscal year 2023[145]. - The total water consumption was approximately 23,557 tons in fiscal year 2024, a significant decrease of 49.7% from 46,748 tons in fiscal year 2023[147]. - The company strictly adheres to labor laws and regulations, with no reported violations during the reporting period[152]. - The company has committed to corporate social responsibility and community investment initiatives moving forward[175]. Employee and Workforce Information - Employee costs totaled approximately HKD 19,798,000 for the year ended December 31, 2024, slightly down from HKD 19,981,000 in 2023[37]. - The average employee count in fiscal year 2024 was 132, with a gender distribution of 20% female and 80% male[155]. - Employee turnover rates for fiscal year 2024 and 2023 were 9.09% and 5.56% respectively[161]. - The injury rate per 100 employees was 0% in fiscal year 2024, compared to 0.68% in fiscal year 2023[165]. - The employee training participation rate for females increased to 33.3% in fiscal year 2024 from 29% in fiscal year 2023[167]. Audit and Financial Reporting - The company confirmed that the consolidated financial statements for the year ending December 31, 2024, were prepared in accordance with relevant laws and listing rules[118]. - The auditors aim to obtain reasonable assurance that the financial statements are free from material misstatement[189]. - The audit report does not cover other information included in the annual report, which is the responsibility of the company's directors[183]. - The audit partner responsible for issuing the independent auditor's report is Ye Tianxing[193].

Financial Performance - For the year ending December 31, 2024, the revenue was HKD 114,896,000, a decrease of 7.7% compared to HKD 124,423,000 in 2023[3] - The gross profit margin for the year was 33.5%, down from 36.7% in 2023[3] - The profit attributable to shareholders for the year was HKD 7,035,000, compared to HKD 13,558,000 in 2023[3] - The total comprehensive income for the year was HKD 4,625,000, significantly lower than HKD 12,065,000 in 2023[3] - The company reported a decrease in net profit for 2024 to HKD 7,035,000, down from HKD 13,558,000 in 2023, indicating a decline of approximately 48%[21] - The group recorded a profit of HKD 7,035,000 for the year ended December 31, 2024, down from HKD 13,558,000 in 2023, reflecting a year-on-year revenue decline of approximately 7.7%[32] Assets and Liabilities - Non-current assets decreased from HKD 26,082,000 in 2023 to HKD 23,317,000 in 2024[5] - Current assets increased from HKD 209,435,000 in 2023 to HKD 222,154,000 in 2024[5] - The net current asset value improved from HKD 98,984,000 in 2023 to HKD 106,521,000 in 2024[5] - Trade receivables increased to HKD 39,274,000 in 2024 from HKD 24,787,000 in 2023, with a provision for credit losses of HKD 3,563,000[11] - The aging analysis of trade receivables shows that HKD 28,161,000 was overdue as of December 31, 2024, compared to HKD 1,524,000 in 2023, but these amounts are not considered bad debts[25] - Trade payables decreased to HKD 20,030,000 in 2024 from HKD 25,798,000 in 2023, with the average credit period for purchases being 90 days[27] - The group had cash and cash equivalents totaling HKD 96,630,000 as of December 31, 2024, up from HKD 86,100,000 in 2023[41] - The net current assets of the group as of December 31, 2024, were HKD 106,521,000, an increase from HKD 98,984,000 in 2023[41] - The group maintained a zero debt ratio as of December 31, 2024, consistent with the previous year[41] Revenue Breakdown - The revenue from customer contracts for machinery construction was HKD 108,722,000, with additional sales of other products totaling HKD 6,174,000[11] - Total revenue for the year 2023 was HKD 124,423,000, with HKD 102,897,000 from construction contracts and HKD 21,526,000 from other products[13] - Revenue from the tobacco flavoring machinery contracts reached HKD 108,722,000, accounting for 94.6% of total revenue, compared to HKD 102,897,000 or 82.7% in the previous year[32] Expenses - Operating expenses decreased to HKD 26,191,000 in 2024 from HKD 26,788,000 in 2023, a reduction of HKD 597,000 or 2.2%[35] - Selling and distribution expenses dropped significantly to HKD 6,452,000 from HKD 10,210,000, attributed to a focus on a limited number of key customers[36] - Research and development expenses for the year ended December 31, 2024, were HKD 4,605,000, a slight decrease of HKD 67,000 or 1.4% from HKD 4,672,000 in 2023[37] - Tax expenses for the year ended December 31, 2024, were HKD 3,299,000, compared to HKD 4,360,000 for the year ended December 31, 2023[37] Dividends - The company did not recommend a final dividend for the year ending December 31, 2024[3] - The company has not declared any dividends for 2024, consistent with 2023, maintaining a policy of no dividend distribution[22] - The board does not recommend the payment of dividends for the year ended December 31, 2024, consistent with the previous year[38] Government Support and Other Income - Government subsidies increased to HKD 1,047,000 in 2024 from HKD 574,000 in 2023, representing an increase of 82.5%[17] - The company’s total other income for 2024 was HKD 1,913,000, compared to HKD 1,545,000 in 2023, showing an increase of 23.8%[17] - Other income increased by HKD 368,000 or 23.8% to HKD 1,913,000, primarily due to increased subsidy income[34] Operational Insights - The warranty period for construction services ranges from one to three years, ensuring compliance with agreed specifications[14] - The company’s operations are primarily based in China, with all revenues derived from this market[16] - The average credit period for sales of other products is 90 days from delivery[15] - The average contract value for completed tobacco flavoring machinery contracts was HKD 4,727,000 in 2024, down from HKD 6,431,000 in 2023[34] Workforce - The group employed 136 staff as of December 31, 2024, down from 147 in 2023, with total employee costs approximately HKD 19,798,000 compared to HKD 19,981,000 in 2023[43] Future Outlook - The tobacco machinery industry is expected to maintain stable growth in the coming years, supported by the group's technological advancements and market opportunities[39] - The group will focus on capturing market opportunities in customized products and ensuring contracts across various machinery industries[40] Acquisitions - No significant acquisitions or disposals of subsidiaries occurred during the year ended December 31, 2024[44]

RENHENG Enterprise Holdings Limited 仁 恒 窝 紫 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) 《股份代號 : 3628) 2 0 2 4 mm 中期報告 minumminin TTT en sommining more and 摘要 • 截至二零二四年六月三十日止六個月的收益為60,979,000港元，較二零二三年同期增加 5.4%； • 截至二零二四年六月三十日止六個月，本公司股東應佔溢利為7,555,000港元，而截至二 零二三年六月三十日止六個月本公司股東應佔溢利為804,000港元；及 • 董事不建議派付截至二零二四年六月三十日止六個月的中期股息。 1 中期報告 2024 仁恒實業控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬公司 （統稱「本集團」）截至二零二四年六月三十日止六個月的未經審核簡明綜合財務報表，連同二 零二三年同期的未經審核比較數字如下： 簡明綜合損益及其他全面收益表 截至六月三十日止六個月 二零二四年 二零二三年 千港元 千港元 附註 （未經審核） （未經審核） | --- | --- | --- | ...

Financial Performance - For the six months ended June 30, 2024, the revenue was HKD 60,979,000, an increase of 5.4% compared to HKD 57,840,000 for the same period in 2023[1][2] - The profit attributable to shareholders for the six months ended June 30, 2024, was HKD 7,555,000, significantly up from HKD 804,000 for the same period in 2023[1][2] - The gross profit for the six months ended June 30, 2024, was HKD 20,788,000, compared to HKD 14,503,000 in the previous year, reflecting a strong improvement in profitability[2] - The total comprehensive income for the period was HKD 6,771,000, compared to a loss of HKD 2,556,000 in the previous year, showcasing a turnaround in financial performance[2] - The basic earnings per share for the six months ended June 30, 2024, was HKD 0.94, compared to HKD 0.10 for the same period in 2023, indicating significant growth in earnings[2] - Basic earnings per share for the six months ended June 30, 2024, were HKD 7,555,000, significantly higher than HKD 804,000 for the same period in 2023, indicating a substantial increase in profitability[18] Revenue Breakdown - Revenue from construction contracts for tobacco machinery was HKD 57,452,000, while sales of other products contributed HKD 388,000, indicating a significant focus on core operations[10] - Revenue from the tobacco flavoring and blending machinery contracts amounted to HKD 56,525,000, contributing 92.7% of total revenue, down from 99.3% in the previous year[27] - Sales of the wind delivery system increased by approximately 1,841.3% to HKD 3,785,000, compared to HKD 195,000 in the same period last year[27] Costs and Expenses - Research and development costs increased to HKD 2,658,000 for the six months ended June 30, 2024, up from HKD 1,500,000 in the same period last year, indicating a focus on innovation[2] - Research and development costs rose to HKD 2,658,000, an increase of 77.2% compared to HKD 1,500,000 in the previous year, due to an increase in R&D projects[28] Assets and Liabilities - Non-current assets decreased to HKD 24,754,000 as of June 30, 2024, from HKD 26,082,000 as of December 31, 2023, reflecting changes in asset management[3] - Current assets, including inventory, were HKD 221,652,000 as of June 30, 2024, compared to HKD 209,435,000 as of December 31, 2023, indicating a positive trend in asset liquidity[3] - The total liabilities decreased slightly to HKD 114,743,000 as of June 30, 2024, from HKD 110,451,000 as of December 31, 2023, suggesting improved financial stability[3] - Trade receivables increased to HKD 63,558,000 as of June 30, 2024, from HKD 24,787,000 as of December 31, 2023, showing a growth of 156.5%[20] - As of June 30, 2024, the group's net current assets amounted to HKD 106,909,000, an increase from HKD 98,984,000 as of December 31, 2023[30] Dividends and Cash Management - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, reflecting a conservative approach to cash distribution[1] - The company has not declared or proposed any interim dividends for the period, indicating a focus on reinvestment or cash preservation[19] - The group has maintained a stable capital structure with no borrowings, mortgages, or pledges as of June 30, 2024[30] Corporate Governance - The group has adopted all the code provisions of the Corporate Governance Code, except for the provision regarding the roles of the chairman and CEO being held by the same individual[41] - The audit committee currently consists of three independent non-executive directors, chaired by Dr. Lin Jiali[42] - The committee reviewed the interim results for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards[42] - Sufficient disclosures have been made regarding the interim performance[42] Shareholder Information - Major shareholders include LinkBest with 360,000,000 shares (44.8%) and Open Venture with 240,000,000 shares (29.9%), both fully owned by Ms. Liu Li[37] Market Position and Strategy - The group aims to capture market opportunities in customized products and is committed to key technological innovations in the automated machinery sector[29] - The group primarily conducts business with the China National Tobacco Corporation, which is the largest tobacco manufacturer globally, producing over 2 million tons of tobacco annually[29]

Financial Performance - The company reported a revenue of approximately HKD 124,423,000 for the year 2023, representing a year-on-year growth of about 80.1%[7] - The net profit attributable to shareholders for the year was approximately HKD 13,558,000, compared to a loss of HKD 2,363,000 in 2022[7] - Revenue from tobacco flavoring and blending machinery contracts reached HKD 102,897,000, accounting for 82.7% of total revenue, up from HKD 55,551,000 or 80.4% in the previous year, reflecting an increase of approximately 80.1% year-on-year[31] - The gross profit margin for the year was 36.7%, slightly down from 37.0% the previous year, while the gross profit from tobacco flavoring machinery increased to HKD 35,283,000 from HKD 18,313,000[32] - The company recorded a profit of HKD 13,558,000 for the year ended December 31, 2023, compared to a loss of HKD 2,363,000 for the previous year, representing a significant turnaround in performance[31] Business Operations - The company primarily conducts business with the China National Tobacco Corporation, which is the largest tobacco manufacturer globally[7] - The company is one of 35 licensed manufacturers and aims to upgrade cigarette technology to meet customer demands, ensuring stable demand for its tobacco machinery products[7] - The company believes that the tobacco machinery industry will maintain stable growth in the coming years, driven by the need for advanced technology in new tobacco machinery products[7] - The company is exploring new developments to diversify its revenue streams, leveraging the strong foundation established by its tobacco machinery business[7] - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and strategic investments[19] Management and Governance - The company has a diverse board with members holding positions in various listed companies, indicating a strong governance structure[18] - The management team includes experienced professionals with over 25 years in sales and marketing, and over 10 years in corporate finance and risk management[22][23] - The board's composition reflects a commitment to corporate governance and strategic oversight, with members having significant experience in various sectors[21] - The company has adopted all principles of the corporate governance code, except for the separation of the roles of chairman and CEO, which are held by the same person[111][126] - Independent non-executive directors constitute 50% of the board, ensuring compliance with listing rules regarding independence and expertise in financial management[124][125] Financial Position and Assets - As of December 31, 2023, the group's cash and cash equivalents amounted to HKD 86,100,000, a decrease from HKD 97,195,000 in 2022[42] - The group's net current assets increased to HKD 98,984,000 as of December 31, 2023, compared to HKD 85,628,000 in 2022[42] - The current ratio and quick ratio improved to 1.9 and 1.2 respectively, up from 1.6 and 0.9 in 2022[42] - There were no bank borrowings, mortgages, or pledges as of December 31, 2023, maintaining a debt ratio of zero[42] - The company confirmed a tax expense of HKD 4,360,000 for the year, compared to HKD 1,775,000 in the previous year, primarily due to profits generated by its subsidiaries in China[36] Environmental and Social Responsibility - The company has identified key environmental and social issues, including emissions, resource usage, and community investment, which are critical for sustainable development[178] - In the fiscal year 2023, the company emitted 498.87 tons of CO2 equivalent greenhouse gases, an increase from 399.50 tons in fiscal year 2022, primarily due to increased transportation distances for products[185] - The annual emission density was 0.022 tons of CO2 equivalent per square meter, compared to 0.017 tons in fiscal year 2022, with a total building area of 23,223 square meters[186] - The company encourages employees to participate in green workshops to enhance environmental awareness and promote climate action[191] - The company is committed to reducing packaging sizes and material costs while ensuring product protection during transportation[189] Shareholder Engagement and Communication - The company is committed to timely and effective communication with shareholders, maintaining a shareholder communication policy that aligns with market standards[164] - The company has established procedures for shareholders to propose resolutions at special general meetings, ensuring compliance with relevant regulations[160] - The company maintains regular reviews of its shareholder communication policy to ensure its effectiveness[164] - The annual general meeting is scheduled for June 19, 2024, with a suspension of share transfer registration from June 12 to June 19, 2024[105] - The company has established a three-year term for both executive and independent non-executive directors, with provisions for rotation at the annual general meeting[129]

Financial Performance - For the year ended December 31, 2023, revenue was HKD 124,423,000, an increase of 80.1% year-on-year[4] - The profit attributable to shareholders for the year was HKD 13,558,000, compared to a loss of HKD 2,363,000 in 2022[4] - Total comprehensive income for the year was HKD 12,065,000, compared to a total comprehensive expense of HKD 11,877,000 in 2022[4] - Basic and diluted earnings per share for the year were HKD 1.69, compared to a loss of HKD 0.29 in 2022[5] - The company reported a net profit attributable to shareholders of HKD 13,558,000 in 2023, a turnaround from a loss of HKD 2,363,000 in 2022[28] - The company recorded a profit of HKD 13,558,000 for the year ended December 31, 2023, compared to a loss of HKD 2,363,000 for the previous year, marking a significant turnaround[40] Revenue Breakdown - Total revenue for 2023 reached HKD 124,423,000, a significant increase from HKD 69,083,000 in 2022, representing an increase of approximately 80%[17] - Revenue from the construction of tobacco flavoring and fragrance machinery was HKD 102,897,000 in 2023, compared to HKD 55,551,000 in 2022, marking an increase of about 85%[19] - Sales of other products, including the fiber delivery system and water treatment system, generated HKD 21,526,000 in 2023, up from HKD 13,532,000 in 2022, reflecting a growth of approximately 59%[19] - Revenue from the tobacco machinery segment increased approximately 80.1% year-on-year, contributing HKD 102,897,000 or 82.7% of total revenue[40] Asset and Liability Changes - Non-current assets decreased from HKD 28,082,000 in 2022 to HKD 26,082,000 in 2023[6] - Current assets decreased from HKD 230,366,000 in 2022 to HKD 209,435,000 in 2023[6] - Current liabilities decreased from HKD 144,738,000 in 2022 to HKD 110,451,000 in 2023[6] - Total equity increased from HKD 111,321,000 in 2022 to HKD 123,386,000 in 2023[8] - Trade receivables increased to HKD 21,572,000 in 2023 from HKD 9,213,000 in 2022, reflecting a growth of 134.1%[32] - Trade payables decreased to HKD 25,798,000 in 2023 from HKD 36,383,000 in 2022, a reduction of 29.1%[33] Expenses and Income - Other income decreased slightly to HKD 1,545,000 in 2023 from HKD 1,858,000 in 2022, primarily due to a decline in bank interest income[24] - The impairment loss reversal for trade receivables was HKD (322,000) in 2023, compared to HKD (42,000) in 2022, indicating improved receivables management[26] - Sales and distribution costs increased by 30.9% to HKD 10,210,000 due to marketing activities initiated in response to regulatory trends and the end of the COVID-19 pandemic[44] - Administrative expenses for the year ended December 31, 2023, were HKD 16,578,000, a slight decrease of HKD 77,000 or 0.5% compared to 2022[45] - R&D expenses increased to HKD 4,672,000 for the year ended December 31, 2023, up HKD 348,000 or 8.0% from HKD 4,324,000 in 2022[47] - Tax expenses for the year ended December 31, 2023, were HKD 4,360,000, significantly higher than HKD 1,775,000 in 2022, attributed to profits from subsidiaries in China[47] Dividends and Shareholder Returns - The board did not recommend the payment of a final dividend for the year ended December 31, 2023[4] - No dividends were declared or proposed for 2023, consistent with the previous year[29] - The group did not recommend any dividend for the year ended December 31, 2023, consistent with 2022[48] Market and Operational Insights - The company’s primary operations are concentrated in China, with all revenues derived from this market[23] - The warranty period for construction services ranges from one to three years, ensuring compliance with agreed specifications[20] - The tobacco machinery industry is expected to maintain stable growth, supported by the group's technological advancements and market opportunities[49] - The group did not engage in any significant acquisitions or disposals of subsidiaries during the year ended December 31, 2023[55] Cash and Liquidity - The group reported cash and cash equivalents of HKD 86,100,000 as of December 31, 2023, down from HKD 97,195,000 in 2022[52] - Current assets net value increased to HKD 98,984,000 as of December 31, 2023, compared to HKD 85,628,000 in 2022[52] - The group maintained a current ratio of 1.9 and a quick ratio of 1.2 as of December 31, 2023, compared to 1.6 and 0.9 in 2022, respectively[52] - The group had a total employee cost of approximately HKD 19,981,000 for the year ended December 31, 2023, compared to HKD 19,041,000 in 2022[54]

Financial Performance - For the six months ended June 30, 2023, the revenue was HKD 57,840,000, an increase of 73% compared to HKD 33,368,000 for the same period in 2022[3] - The profit attributable to shareholders for the six months ended June 30, 2023, was HKD 804,000, a turnaround from a loss of HKD 2,029,000 in the same period of 2022[3] - The gross profit for the six months ended June 30, 2023, was HKD 14,503,000, compared to HKD 9,176,000 for the same period in 2022, reflecting a significant improvement[4] - The company reported a pre-tax profit of HKD 1,753,000 for the six months ended June 30, 2023, compared to a pre-tax loss of HKD 1,816,000 in the same period of 2022[4] - The total comprehensive income for the period was HKD 804,000, compared to a total comprehensive loss of HKD 6,921,000 in the same period of 2022[4] - Revenue increased to 57,840,000 HKD, a 73.3% increase from 33,368,000 HKD in the prior year[39] Cash Flow and Assets - The cash and cash equivalents at the end of the period were HKD 72,264,000, down from HKD 97,195,000 at the beginning of the period[11] - The net cash used in operating activities for the six months ended June 30, 2023, was HKD 24,208,000, an improvement from HKD 34,618,000 in the same period of 2022[11] - The total assets less current liabilities as of June 30, 2023, were HKD 110,946,000, a slight decrease from HKD 113,710,000 as of December 31, 2022[6] - Trade receivables rose to 20,540,000 HKD as of June 30, 2023, compared to 13,075,000 HKD at the end of 2022, reflecting a 57.1% increase[32] - Inventory decreased to 84,590,000 HKD as of June 30, 2023, down from 97,097,000 HKD at the end of 2022, indicating a reduction of approximately 12.8%[30] - Trade payables decreased to 28,241,000 HKD as of June 30, 2023, from 31,297,000 HKD at the end of 2022, reflecting a decline of approximately 9.4%[35] Expenses and Costs - Total employee costs increased to HKD 9,326,000 in the first half of 2023, up from HKD 6,196,000 in the same period of 2022, driven by higher salaries and bonuses[26] - Administrative expenses increased by 1,024,000 HKD or 14.4% to 8,123,000 HKD compared to 7,099,000 HKD in the previous period[39] - Sales and distribution costs rose by 460,000 HKD or 12.1% to 4,274,000 HKD from 3,814,000 HKD in the prior year[39] - Operating expenses increased by HKD 1,484,000 or 13.6% to HKD 12,397,000, primarily due to the relaxation of travel restrictions[43] - Research and development costs recognized as expenses were HKD 1,500,000 for the six months ended June 30, 2023, compared to HKD 1,591,000 in the same period of 2022, indicating a focus on innovation[26] Foreign Exchange and Tax - The company experienced a foreign exchange loss of HKD 3,360,000 during the period, compared to a loss of HKD 4,892,000 in the same period of 2022[4] - Tax expenses for the period were HKD 949,000, significantly higher than HKD 213,000 in the previous period, with a tax rate of 25% applicable[44] - The group reported a foreign exchange loss of HKD 3,360,000 due to the depreciation of the RMB against the HKD[44] Corporate Governance and Shareholding - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023[3] - As of June 30, 2023, Ms. Liu Li holds 600,000,000 shares, representing 74.6% of the company's issued share capital[59] - LinkBest Capital Group Limited and Open Venture Global Limited, both wholly owned by Ms. Liu Li, hold 360,000,000 shares (44.8%) and 240,000,000 shares (29.9%) respectively[62] - The company has adopted all code provisions of the Corporate Governance Code, except for the provision that the roles of Chairman and CEO are held by the same individual, Ms. Liu Li[65] - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ending June 30, 2023, and confirmed compliance with applicable accounting standards[69] Market and Operational Focus - The company’s major operations are concentrated in China, with all revenue generated from this market[19] - The company has a significant reliance on construction contracts, which accounted for the majority of its revenue during the reporting period[18] - The company’s non-current assets are primarily located in China, aligning with its operational focus[19] - The tobacco machinery industry is expected to maintain stable growth, supported by the strong demand from the China National Tobacco Corporation[52] - The company has not presented segment information as it does not provide regular financial data to its chief operating decision maker[20] Other Income - Other income for the six months ended June 30, 2023, was HKD 335,000, a decrease from HKD 687,000 in the same period of 2022, primarily due to a drop in government subsidies from HKD 593,000 to HKD 57,000[23] - Other income decreased by 352,000 HKD or 51.2% to 335,000 HKD, down from 687,000 HKD in the previous period[41] - The company reported a pre-tax profit of HKD 812,000 for the six months ended June 30, 2023, compared to HKD 825,000 in the same period of 2022, reflecting a slight decline[26] - Other income and loss items amounted to HKD 812,000 for the six months ended June 30, 2023, compared to HKD 825,000 for the same period last year[43] Acquisitions and Contingent Liabilities - There were no major acquisitions or disposals of subsidiaries during the six months ended June 30, 2023[51] - The group has no significant contingent liabilities as of June 30, 2023[49]