Group 1 - As of July 4, 96 stocks reached a 52-week high, with Tongyuan International (03830), ITE HOLDINGS (08092), and China National Cultural Industry (00745) leading the high rate at 36.07%, 25.49%, and 25.00% respectively [1] - The top three stocks by closing price that reached a 52-week high are Tongyuan International at 0.078, ITE HOLDINGS at 0.052, and China National Cultural Industry at 0.300 [1] - Other notable stocks that reached a 52-week high include Nippon Kyoei (00627) at 21.54% and Sanofi (02257) at 21.50% [1] Group 2 - The 52-week low rankings show that Health Road (02587) had the largest decline at -18.31%, followed by Rongda Technology (09881) at -12.43% [3] - Other stocks that reached a 52-week low include New Stone Culture (01740) at -8.62% and Emperor Entertainment Hotel (00296) at -5.00% [3] - The list of stocks with significant declines also includes Qiyi Technology (01739) at -3.38% and Huanying Media (01003) at -2.86% [3]

Company Overview - Tongyuan International (03830.HK) is primarily engaged in the manufacturing and sales of toys, operating through two main departments: outdoor sports toys and infant/preschool toys [2]. Financial Performance - As of October 31, 2024, Tongyuan International reported total revenue of 125 million yuan, a year-on-year decrease of 8.46% [2]. - The company achieved a net profit attributable to shareholders of 5.0833 million yuan, reflecting a year-on-year increase of 22.95% [2]. - The gross profit margin stands at 17.38%, with a debt-to-asset ratio of 50.19% [2]. Stock Performance - Over the past month, Tongyuan International has seen a cumulative increase of 17.39%, and a year-to-date increase of 107.69%, outperforming the Hang Seng Index's increase of 20.75% [2]. - The stock closed at 0.06 HKD per share on July 3, with a trading volume of 4.875 million shares and a turnover of 288,900 HKD, showing a volatility of 5.56% [1]. Valuation Metrics - The current price-to-earnings (P/E) ratio for Tongyuan International is -8.57, ranking 60th in its industry [2]. - The average P/E ratio for the household appliances and goods industry is 12.14, with a median of 2.65 [2]. - Comparatively, other companies in the industry have P/E ratios of 1.55 for Lian International (09918.HK), 1.63 for Kaifushan Group Holdings (08512.HK), and 3.68 for Shengnuo Group (01418.HK) [2].

Financial Performance - The company's unaudited revenue for the six months ended October 31, 2024, was approximately HKD 136.1 million, a decrease of 8.5% compared to HKD 148.7 million in the same period last year[5]. - Profit attributable to the company's owners for the review period was approximately HKD 5.5 million, slightly improved from HKD 4.5 million in the previous year[5]. - Revenue for the six months ended October 31, 2024, was HKD 136,130,000, a decrease of 8.4% compared to HKD 148,709,000 for the same period in 2023[24]. - Gross profit for the same period was HKD 23,666,000, down 11.4% from HKD 26,711,000 in 2023[24]. - Operating profit increased to HKD 6,688,000, representing a significant rise of 56.2% from HKD 4,283,000 in the previous year[24]. - Net profit for the period was HKD 4,557,000, an increase of 23.6% compared to HKD 3,684,000 in 2023[24]. - The company reported a net profit before tax of HKD 6,605,000 for the six months ended October 31, 2024, compared to HKD 4,039,000 for the same period in 2023[54]. - The total cost of sales for the six months ended October 31, 2024, was HKD 112,464,000, down from HKD 121,998,000 in the previous year[54]. - The company incurred a total expense of HKD 129,746,000 for the six months ended October 31, 2024, compared to HKD 143,913,000 in the same period of 2023[61]. Revenue Breakdown - Revenue from North America increased by 0.9% to approximately HKD 69.3 million, while revenue from Europe decreased by 1.2% to approximately HKD 32.9 million[6]. - Revenue from the laboratory equipment business decreased by 22.7% to approximately HKD 28.3 million, impacted by economic slowdown and intense price competition in China[6]. - Revenue from the Americas was HKD 69,803,000, slightly up from HKD 69,716,000 in the previous year, while revenue from China decreased to HKD 28,292,000 from HKD 36,631,000[60]. - Revenue for Guangdong Tongyuan Technology Co., Ltd. was HKD 28,292,000 for the six months ended October 31, 2024, down 22.9% from HKD 36,631,000 in the same period last year[87]. Expenses and Costs - Gross profit decreased by 11.2% to approximately HKD 23.7 million, with a gross margin decline of 3.0% to 17.1%[8]. - Selling and distribution expenses decreased by 12.5% to approximately HKD 6.3 million, reflecting a reduction in sales commissions[10]. - Administrative expenses decreased by 25.2% to approximately HKD 11.0 million, primarily due to reduced employee costs and other fixed indirect expenses[11]. - The company recorded an income tax expense of approximately HKD 2.0 million, an increase from HKD 0.4 million in the previous year, mainly due to increased taxable profits[14]. Cash Flow and Liquidity - As of October 31, 2024, the company reported a net cash outflow from operating activities of HKD (1,435) thousand, a significant decrease compared to HKD 11,154 thousand in the same period of 2023[35]. - The company reported a net cash inflow of HKD 320,000 for the six months ended October 31, 2024, down from HKD 1,113,000 in the same period last year[87]. - The company incurred a net cash outflow from investing activities of HKD (2,086) thousand, down from HKD (5,338) thousand in the prior year[35]. - The company reported a decrease in cash flow from financing activities, with a net outflow of HKD (1,499) thousand compared to HKD (1,387) thousand in the previous period[35]. Assets and Liabilities - Total assets as of October 31, 2024, were HKD 63,492,000, an increase from HKD 58,304,000 as of April 30, 2024[27]. - The company's total liabilities were HKD 31,865,000, slightly up from HKD 31,192,000 in the previous period[29]. - The company's total liabilities related to lease obligations increased, with principal repayments of HKD (1,431) thousand and interest repayments of HKD (68) thousand[35]. - The total liabilities of Guangdong Tongyuan Technology Co., Ltd. were HKD 17,834,000 as of October 31, 2024, compared to HKD 16,119,000 as of April 30, 2024[88]. Equity and Earnings Per Share - The company reported a basic and diluted earnings per share of HKD 0.6, compared to HKD 0.5 in the same period last year[26]. - The basic earnings per share for the six months ended October 31, 2024, was HKD 0.6, an increase from HKD 0.5 in the same period of 2023[67]. - The company's total equity increased to HKD 41,116 thousand as of October 31, 2024, up from HKD 38,152 thousand at the beginning of the period[32]. - The company's accumulated losses decreased to HKD (67,039) thousand from HKD (71,549) thousand, indicating an improvement in financial performance[32]. Future Outlook and Strategy - The company anticipates ongoing challenges from global conflicts and currency weakness, but aims to expand its global product range and sales[18]. - The company plans to expand its product range by introducing new popular licenses, targeting markets where it previously had no business presence[21]. - The company aims to enhance its laboratory equipment business by focusing on three key areas: optimizing smart laboratory products, providing customized services, and improving sales management[21]. - The company remains optimistic about future market opportunities and aims to align its products with national education strategies[22]. Other Financial Information - The company has not entered into any foreign currency hedging financial instruments as of October 31, 2024[17]. - No dividends were declared or paid for the six months ending October 31, 2024[69]. - The company has not made any purchases, sales, or redemptions of its listed securities during the six months ended October 31, 2024[95]. - The company has no significant investments other than those in subsidiaries as of October 31, 2024[96].

Financial Performance - For the six months ended October 31, 2024, total revenue was HKD 136,130,000, with a gross profit of HKD 23,666,000, resulting in a gross margin of approximately 17.4%[7] - The net profit before tax for the group was HKD 6,605,000, reflecting a decrease from HKD 4,039,000 in the same period last year[7] - The total revenue for the same period last year was HKD 148,709,000, showing a decline of approximately 8.5% year-over-year[7] - Operating profit for the six months ended October 31, 2024, was HKD 6,688,000, an increase of 56.3% compared to HKD 4,283,000 in the previous year[16] - The total comprehensive income for the period was HKD 4,515,000, up from HKD 2,964,000, indicating a growth of 52.2%[20] - Earnings per share increased to HKD 0.6 from HKD 0.5, reflecting a growth of 20%[23] - The group experienced a net loss of HKD 6,320 thousand for the six months ending October 31, 2024, compared to a loss of HKD 7,201 thousand in the same period of 2023, reflecting an improvement of approximately 12.2%[42] - The total comprehensive loss for the period, after tax, was HKD 42 thousand, compared to a loss of HKD 720 thousand in the previous year, showing a significant reduction[39] Revenue Breakdown - The toy business generated revenue of HKD 107,838,000, while the laboratory equipment business reported revenue of HKD 28,292,000, indicating a decline in the toy segment compared to the previous period[7] - Revenue from the Americas was HKD 69,803,000, slightly up from HKD 69,716,000 year-over-year[11] - Revenue from Europe decreased to HKD 32,905,000 from HKD 33,283,000, reflecting a decline of 1.1%[11] - Revenue from the Asia-Pacific region (excluding China) dropped significantly to HKD 5,130,000 from HKD 9,079,000, a decrease of 43.5%[11] - Revenue from China also saw a decline, falling to HKD 28,292,000 from HKD 36,631,000, representing a decrease of 22.9%[11] - Revenue from North America increased by 0.9% to approximately HKD 69.3 million, compared to HKD 68.7 million in the previous year[73] - Revenue from the laboratory equipment business decreased by 22.7% to approximately HKD 28.3 million (2023: HKD 36.6 million), impacted by the slowdown in the Chinese economy and intense industry price competition[97] Cost and Expenses - The cost of sales for the six months ending October 31, 2024, was HKD 23,666 thousand, down from HKD 26,711 thousand in the previous year, indicating a reduction of about 11.4%[42] - Total expenses for the six months ended October 31, 2024, were 129,746 thousand HKD, a decrease of 9.8% from 143,913 thousand HKD in the same period of 2023[44] - The company incurred advertising and promotional expenses of 1,151 thousand HKD for the six months ended October 31, 2024, down from 1,468 thousand HKD in the same period of 2023, reflecting a reduction of 21.5%[44] - Employee costs, including directors' remuneration, amounted to 10,665 thousand HKD for the six months ended October 31, 2024, a decrease of 20% from 13,328 thousand HKD in the same period of 2023[44] - The company’s total cost of goods sold was 92,498 thousand HKD for the six months ended October 31, 2024, compared to 99,992 thousand HKD in the same period of 2023, showing a decrease of 7.5%[44] - Sales and distribution expenses decreased by 12.5% to approximately HKD 6.3 million (2023: HKD 7.2 million), primarily due to a reduction in sales commissions corresponding to the decline in revenue from the toy and laboratory equipment businesses[100] - Administrative expenses decreased by 25.2% to approximately HKD 11.0 million (2023: HKD 14.7 million), mainly due to reduced employee costs and other fixed indirect expenses[101] Assets and Liabilities - Total assets as of October 31, 2024, amounted to HKD 63,191,000, with liabilities totaling HKD 31,865,000, resulting in a net asset position[9] - The total assets as of October 31, 2024, amounted to HKD 63,492,000, an increase from HKD 58,304,000[28] - Total liabilities stood at HKD 31,865,000, slightly up from HKD 31,192,000, indicating a growth of 2.2%[24] - The company’s cash and bank balances were reported at HKD 20,000 as of October 31, 2024, indicating a tight liquidity position[9] Strategic Focus and Future Outlook - The company has identified two main operating segments: the toy business and laboratory equipment, with a focus on resource allocation based on performance metrics[5] - The company is committed to evaluating its performance regularly to optimize resource distribution and enhance overall operational efficiency[5] - The group is focused on improving its financial performance and is exploring new strategies for market expansion and product development[41] - The company plans to expand its product range by introducing new popular licenses, which is expected to enhance profitability and capture market share in previously untapped countries[82] - The company expects a potential improvement in the global economic situation by 2025, which may present opportunities for launching more competitive and innovative products[81] - The company remains optimistic about future market opportunities, bolstered by its ability to adapt to market changes and innovate[109] Compliance and Reporting - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from May 1, 2024, which will not have a significant impact on the financial performance and position of the group[34] - The group has not early adopted certain new and revised Hong Kong Financial Reporting Standards that will become effective in future periods, which are not expected to have a significant impact on the consolidated financial statements[36] - The management has made significant judgments and estimates in preparing the interim financial information, which may differ from actual results[37] - The company will issue its interim report for the six months ending October 31, 2024, to shareholders in due course[113] - The board of directors confirmed compliance with the standards set forth in the Listing Rules Appendix C3 during the reporting period[115] Stakeholder Engagement - The company expresses gratitude to all stakeholders for their support and contributions throughout the period[116]

Revenue Performance - Revenue from the toy business increased by 10.3% from approximately HKD 141.2 million to approximately HKD 155.7 million[4]. - Revenue from the laboratory equipment business surged by 69.7% from approximately HKD 35.0 million to approximately HKD 59.4 million[4]. - Total revenue for the group grew by 22.1% to approximately HKD 215.1 million, compared to approximately HKD 176.2 million in the previous year[4]. - The company's revenue for the fiscal year was approximately HKD 215.1 million, an increase of 22.1% from HKD 176.2 million in the previous year[6]. - Revenue from the toy business rebounded from approximately HKD 141.2 million to about HKD 155.7 million, reflecting a growth of 10.3%[5]. - Revenue from the laboratory equipment business increased significantly by 69.7%, rising from approximately HKD 35.0 million to about HKD 59.4 million[6]. Financial Performance - The group reduced its loss margin to approximately HKD 7.3 million, down from approximately HKD 50.5 million in the previous year[4]. - The gross profit for the year was approximately HKD 32.7 million, compared to HKD 6.8 million in the previous year, with gross margins for the toy and laboratory equipment businesses rising to 13.8% and 18.9%, respectively[7]. - The company recorded a net loss of approximately HKD 7.3 million, a significant reduction from HKD 50.5 million in the previous year, attributed to increased revenue and improved gross margins[14]. - Administrative expenses decreased by 13.9% to approximately HKD 28.6 million, down from HKD 33.2 million in the previous year[10]. - The company reported a net loss of HKD 9,191,000 for 2024, compared to a net loss of HKD 54,090,000 in 2023, indicating an improvement in financial performance[172]. - The total comprehensive loss for the year ended April 30, 2024, was HKD 11,040,000, compared to a total comprehensive loss of HKD 55,742,000 for the previous year[172]. Operational Changes - The company is focusing on quality control as it shifts from in-house production to outsourcing in its toy business[4]. - The shift to a subcontracting model has resulted in lower fixed investments and costs for the toy business, leading to a turnaround from loss to profit[4]. - The company is committed to adapting its business model to meet changing consumer behaviors post-COVID[4]. - The company is actively participating in educational equipment exhibitions to introduce new products and understand market demand[4]. Growth Potential - The laboratory equipment division is positioned for significant growth due to government support and increasing investment in education[4]. - The company believes the new laboratory equipment division has substantial potential for profitability in the near future[4]. - The company is optimistic about future market opportunities, bolstered by its enhanced market adaptability and innovation capabilities[24]. Cash and Liquidity - As of April 30, 2024, the company's cash and cash equivalents amounted to approximately HKD 7.3 million, an increase from HKD 3.4 million in 2023, primarily due to a decrease in inventory and trade receivables[18]. - The current ratio as of April 30, 2024, was 1.1, down from 1.3 in 2023, indicating a decline in liquidity[18]. - The company's net current assets were approximately HKD 3.4 million as of April 30, 2024, compared to HKD 9.1 million in 2023[18]. - The company has no bank borrowings as of April 30, 2024, maintaining a financial capital debt ratio of 0%[18]. Corporate Governance - The company has maintained high standards of corporate governance to protect shareholder interests and enhance group performance throughout the fiscal year[67]. - The board consists of seven members, including four executive directors and three independent non-executive directors, maintaining compliance with listing rules regarding independent directors[67]. - The company provides ongoing professional development for all directors to ensure they are informed about the latest regulatory updates and corporate governance practices[69]. - The company has established a shareholder communication policy to provide relevant information to shareholders for informed decision-making[83]. Environmental and Social Responsibility - The company is committed to reducing its carbon footprint and improving energy and natural resource efficiency as part of its sustainability goals[99]. - The company has established an environmental management system and appointed an environmental management working group to oversee all environmental-related matters[108]. - The company emphasizes stakeholder engagement, including shareholders, employees, customers, and suppliers, as crucial for sustainable development strategies[103]. - The company has set a target to reduce greenhouse gas emissions by 50% by 2030 and aims for carbon neutrality by 2060[123]. Employee Management - The company has implemented a "Health and Safety Management Procedure" to ensure a safe working environment, with 65 workdays lost due to occupational injuries during the reporting period[139]. - 100% of employees received training during the reporting period, with an average training time of 10.66 hours per employee[142]. - The employee turnover rate was reported at 32.95% overall, with a notable 99.35% turnover rate in China[138]. - The company encourages employee participation in various training programs, including personal training courses and on-the-job training[140]. Supply Chain and Quality Control - The company emphasizes supply chain management, prioritizing quality by developing reliable raw material suppliers to ensure timely delivery of high-quality products[26]. - The company collaborates closely with qualified suppliers to manage quality control and manufacturing processes, focusing on product safety[147]. - The company adheres to ISO 9001:2015 quality management system standards in its manufacturing processes, ensuring product quality and safety[146]. Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements reflect the group's financial position as of April 30, 2024, in accordance with Hong Kong Financial Reporting Standards[159]. - Key audit matters identified include revenue recognition, which is deemed critical for the audit of the consolidated financial statements[162]. - The audit focused on revenue recognition due to a significant number of transactions from various customers during the year, leading to substantial audit resources being allocated to this area[163].

Revenue Growth - Revenue from the laboratory equipment business increased by 69.7% to approximately HKD 59.4 million (2023: HKD 35.0 million) reflecting strong growth potential in this new business segment[8] - Total revenue for the year ended April 30, 2024, was HKD 215,144,000, representing a 22.1% increase from HKD 176,232,000 in the previous year[33] - The group recorded a net loss of approximately HKD 7.3 million (2023: HKD 50.5 million), a reduction attributed to a 22.1% increase in revenue and improved gross margin[13] - Revenue from the Americas region was HKD 93,474,000, an increase from HKD 72,544,000 in the previous year, indicating a growth of 28.7%[85] - Revenue from China surged to HKD 61,571,000, up from HKD 35,068,000, representing a growth of 75.9% year-over-year[85] - Total revenue for the Toys segment was HKD 141,164,000, with a cost of sales of HKD 138,675,000, resulting in a gross profit of HKD 2,489,000[71] - Toy sales reached HKD 155,670,000 for the fiscal year ending April 30, 2024, compared to HKD 141,164,000 in the previous year, representing a growth of 10.6%[74] - The laboratory equipment business was established in January 2022 to align with China's educational policies and meet the growing market demand[5] Financial Performance - The group reported a net loss before tax of HKD 8,134,000 for the fiscal year ending April 30, 2024[79] - The company reported a net loss of HKD 9,191,000 for the year, a decrease from a net loss of HKD 54,090,000 in the prior year, reflecting a 83.0% reduction in losses[40] - The group’s accumulated losses increased to HKD 78,887,000 from HKD 71,549,000 in the previous year[60] - The company reported a basic loss per share of HKD (0.7) for the year ending April 30, 2024, compared to HKD (5.1) in 2023, indicating an improvement in financial performance[103] - The group incurred a one-time severance cost of approximately HKD 7,909,000 due to the termination of its toy manufacturing operations in China[76] - The company did not declare or pay any final dividends for the year ending April 30, 2024, consistent with the previous year[102] Cost Management - Sales and distribution expenses increased by 10.2% to approximately HKD 13.0 million (2023: HKD 11.8 million), primarily due to increased commissions and advertising expenses[11] - The company reported a significant reduction in administrative expenses to HKD 28,601,000 from HKD 33,189,000, a decrease of 13.5%[33] - Total expenses for the year ending April 30, 2024, were HKD 224,098,000, an increase from HKD 214,438,000 in 2023, driven by higher costs in various operational areas[101] Asset Management - The total assets decreased to HKD 58,304,000 from HKD 78,215,000, showing a decline of 25.5% year-over-year[43] - The group has approximately HKD 212.1 million (2023: HKD 242.1 million) in unutilized bank credit facilities to meet working capital needs[15] - Cash and bank balances increased to HKD 7,340,000 from HKD 3,379,000, indicating a 117.5% increase in liquidity[42] - The company incurred HKD 1,680,000 in impairment losses on property, plant, and equipment during the year, compared to no such losses in 2023[101] Strategic Initiatives - The company plans to enhance its product portfolio through innovation and expand its online business to reach a broader audience[19] - The company is actively responding to national policies promoting large-scale equipment upgrades and consumer goods replacement, aiming to increase order volume and brand influence in the Chinese education market[20] - The company has established a "1+4 strategic layout" to improve regional collaboration and expand new business channels across 31 provinces and municipalities[21] - The company is focusing on diversifying procurement and logistics partnerships to enhance supply chain resilience[19] - The company plans to focus on expanding its market presence and enhancing product development strategies in the upcoming fiscal year[39] Market Challenges - The group expects the toy business to continue facing challenges in the short term due to economic conditions in major markets like Europe and the US[122] - Revenue from Europe decreased by 10.1% to approximately HKD 48.1 million, attributed to the impact of the Russia-Ukraine war and the strengthening of the US dollar[143] Innovation and Development - The company is committed to developing innovative and competitive products, expanding its product range, and enhancing sustainability in packaging[154] - The company has invested significantly in R&D, launching the "K" series smart laboratory products, including "Teacher Lift Demonstration Platform" and "Smart Control Cabinet," enhancing its existing product matrix[172] - The AI scoring system developed by the company has been validated in national examinations, receiving high recognition from schools and educational authorities[172] Governance and Compliance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange regulations throughout the fiscal year[180] - The annual general meeting of shareholders is scheduled for October 4, 2024[175]

Financial Performance - The company's unaudited revenue for the six months ended October 31, 2023, was approximately HKD 148.7 million, representing a 19.3% increase compared to HKD 124.6 million in the same period last year[5]. - Profit attributable to the company's owners for the review period was approximately HKD 4.5 million, a significant recovery from a net loss of HKD 36.2 million in the previous year[14]. - Revenue for the six months ended October 31, 2023, was HKD 148,709,000, an increase of 19.3% compared to HKD 124,604,000 for the same period in 2022[23]. - Gross profit for the same period was HKD 26,711,000, compared to a gross loss of HKD 13,380,000 in the previous year, indicating a significant recovery[23]. - Operating profit for the six months was HKD 4,283,000, a turnaround from an operating loss of HKD 35,077,000 in the prior year[23]. - The company reported a net profit of HKD 3,684,000 for the period, compared to a net loss of HKD 37,446,000 in the same period last year[23]. - For the six months ended October 31, 2023, the profit attributable to the company's owners was HKD 4,510,000, compared to a loss of HKD 36,189,000 for the same period in 2022, representing a significant turnaround[65]. - The basic earnings per share for the six months ended October 31, 2023, was HKD 0.5, compared to a loss per share of HKD 3.6 for the same period in 2022[65]. Revenue Breakdown - Revenue from North America increased by 24.2% to approximately HKD 68.7 million, driven by increased sales orders and stable average selling prices[6]. - Revenue from Europe decreased by 11.0% to approximately HKD 33.3 million, primarily due to economic downturns in Eastern Europe and the strengthening of the US dollar affecting purchasing power[6]. - Revenue from the laboratory equipment business surged by 92.6% to approximately HKD 36.6 million, indicating high growth potential for this newly invested segment[6]. - The toy business generated revenue of HKD 112,078,000, while the laboratory equipment business contributed HKD 36,631,000[52]. - Revenue from China rose significantly to HKD 36,631,000, compared to HKD 18,973,000 in the same period last year, marking a growth of 93.5%[58]. Expenses and Costs - Gross profit for the group was HKD 26,711,000, with a gross margin of approximately 17.9%[52]. - Administrative expenses decreased by 17.9% to approximately HKD 14.7 million, attributed to reduced employee costs and lower operating lease expenses[11]. - Financial costs decreased by 71.4% to approximately HKD 0.2 million, due to lower average bank borrowing levels and increased interest income from cash reserves[12]. - The company incurred a total comprehensive loss of HKD 2,964,000 for the six months ended October 31, 2023, compared to a comprehensive loss of HKD 39,565,000 in the same period of 2022[30]. - The company recognized an impairment loss of approximately HKD 908,000 on certain software that could not generate cash flows during the six months ended October 31, 2023[71]. Assets and Liabilities - The total assets as of October 31, 2023, were HKD 86,658,000, an increase from HKD 78,215,000 as of April 30, 2023[26]. - Cash and bank balances increased to HKD 7,568,000 from HKD 3,379,000, indicating improved liquidity[26]. - As of October 31, 2023, the company's total equity increased to HKD 41,116,000, compared to HKD 38,152,000 as of May 1, 2023, reflecting a growth of approximately 7.7%[30]. - The total amount of trade receivables and notes receivable as of October 31, 2023, was HKD 29,788,000, a substantial increase from HKD 12,388,000 as of April 30, 2023[75]. - The total liabilities were HKD 45,542,000, with segment liabilities of HKD 26,083,000 for the toy business and HKD 19,459,000 for the laboratory equipment business[56]. Cash Flow and Investments - Operating cash flow for the six months ended October 31, 2023, was HKD 11,154,000, a decrease of 67.5% from HKD 34,233,000 in the previous year[33]. - The company reported a net cash outflow from investing activities of HKD 5,338,000, compared to HKD 2,528,000 in the prior year, indicating increased investment expenditures[33]. - The company incurred a loss of HKD 3,304,000 for the six months ended October 31, 2023, an improvement from a loss of HKD 5,030,000 in the same period last year[84]. - The company paid HKD 600,000 in office rental expenses to Tianlong Enterprise Investment Co., Ltd. for the six months ended October 31, 2023, down from HKD 2,400,000 in the previous year[81]. Strategic Outlook - The company anticipates challenges from ongoing global economic issues, including the impact of the COVID-19 pandemic and the Ukraine war, but remains committed to innovation and strategic progress[17]. - The company plans to expand its product range and focus on innovative licensed products, which have shown significant potential[20]. - The company aims to enhance sales management and improve response times to customer needs, aligning with national education policies[20]. - The management is optimistic about future opportunities, anticipating a recovery in the global economic landscape in the second half of 2024[21]. Governance and Compliance - The company has complied with the corporate governance code as per the listing rules appendix 14 for the six months ending October 31, 2023[98]. - All directors confirmed adherence to the standard code of conduct regarding securities transactions during the six months ending October 31, 2023[99]. - The audit committee reviewed the interim report and discussed matters related to audit, internal control, risk management, and financial reporting for the six months ending October 31, 2023[100].

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 佈 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。 童園國際有限公司 Kiddieland International Limited （股份代號：3830） （於開曼群島註冊成立的有限公司） 截 至 二 零 二 三 年 十 月 三 十 一 日 止 六 個 月 的 中 期 業 績 公 佈 中 期 業 績 童 園 國 際 有 限 公 司（「童 園」或「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 三 年 十 月 三 十 一 日 止 六 個 月 的 未 經 審 核 綜 合 中 期 業 績 以 及 二 零 二 二 年 同 期 的 未 經 審 核 比 較 數 字。 簡 明 綜 合 ...

Business Performance - The revenue of the new business segment "Kiddie Tech" increased significantly by 680% to approximately HKD 35.1 million for the year ending April 30, 2023, compared to HKD 4.5 million in 2022[6]. - The group's revenue for the year was approximately HKD 176.2 million, a decrease of 27.8% compared to last year (2022: HKD 244.2 million) [14]. - The net loss attributable to the company's owners for the year was approximately HKD 50.5 million, an improvement from last year's loss of HKD 65.5 million [22]. - Revenue from North America decreased by 50.8% to approximately HKD 71.5 million (2022: HKD 145.4 million) due to lower average selling prices and order volumes [13]. - Revenue from Europe decreased by 32.1% to approximately HKD 53.5 million (2022: HKD 78.8 million), impacted by the economic downturn in Eastern Europe and the appreciation of the US dollar [13]. - Revenue from the laboratory equipment business increased significantly by 680% to approximately HKD 35.1 million (2022: HKD 4.5 million), reflecting the growth potential of this new business segment [13]. - Gross profit for the year decreased by 34.6% to approximately HKD 6.8 million (2022: HKD 10.4 million), with a slight decline in gross profit margin to 3.8% from 4.3% last year [15]. - Other losses for the year amounted to approximately HKD 13.7 million, primarily due to one-time severance payments related to changes in the toy business operations [16]. Operational Changes - The company has transitioned its toy business from in-house production to outsourcing, aiming to reduce fixed indirect costs and improve cost efficiency[9]. - The company launched new products such as champion tables and I-shaped tables, enhancing its laboratory product series to five distinct categories[9]. - The company has established a sales team covering all 31 provinces and regions in China, rapidly expanding its market presence[10]. - The company has implemented a standardized management system, "Kingdee Cloud," to streamline various operational processes including procurement and quality control[11]. - The company is focusing on maintaining close relationships with outsourcing suppliers to ensure quality control and timely delivery of products[5]. - The company has optimized its examination evaluation system, launching multiple versions compatible with LINUX, WINDOWS, and ANDROID, which received high recognition from educational authorities[9]. Market Outlook - The company believes that the education equipment sector has significant growth potential, supported by government initiatives in China[6]. - The company is optimistic about the global economic situation improving in the second half of 2024, which is expected to clear global inventory backlog and create more opportunities for innovative products[36]. - The company plans to expand its product range in preschool and ride-on toys, focusing on enhancing its product portfolio, particularly licensed products with significant potential[37]. Financial Management - Cash and cash equivalents as of April 30, 2023, were approximately HKD 3.4 million, down from HKD 8.6 million, mainly due to increased repayment of bank loans [26]. - The group had no bank borrowings as of April 30, 2023, compared to HKD 44.6 million in borrowings the previous year, resulting in a financial leverage ratio of 0% [26]. - The company has adopted a dividend policy to allow shareholders to share in profits while retaining sufficient reserves for future development[51]. - The board of directors will continuously review the dividend policy, considering various factors including financial performance and capital expenditure needs[52]. Corporate Governance - The board of directors consists of eight members, including five executive directors and three independent non-executive directors[109]. - The attendance rate for board meetings was 100% for all directors except for one independent non-executive director who was newly appointed[113]. - The remuneration committee held two meetings during the year ending April 30, 2023, with a 100% attendance rate for all members[119]. - The nomination committee also held two meetings during the same period, with all members achieving a 100% attendance rate[121]. - The audit committee conducted three meetings in the year ending April 30, 2023, with all members present at each meeting[126]. - The company emphasizes continuous professional development for all directors to ensure compliance with the latest regulations and governance practices[116]. - The company has adopted a board diversity policy since 2017, considering factors such as gender, age, and professional experience[123]. Environmental Sustainability - The company is committed to environmental sustainability, having installed solar panels and energy-saving devices in its factories, and actively promoting recycling and energy conservation measures[31]. - The company has established an environmental management system to comply with national environmental laws and regulations[158]. - Total atmospheric pollutant emissions for the year ended April 30, 2023, were 0.0983 tons, a reduction of approximately 40% compared to 0.1626 tons in 2022[160]. - Total greenhouse gas emissions for the year ended April 30, 2023, were 2,286.94 tons of CO2 equivalent, a significant decrease of approximately 74% compared to 8,887.00 tons in 2022[163]. - The total hazardous waste generated was approximately 0.295 tons, representing a substantial reduction of about 86% from 2.18 tons in 2022[166]. - The group has committed to reducing greenhouse gas emissions by 50% by 2030 and achieving carbon neutrality by 2060[179]. Employee Management - The company reported a significant reduction in employee numbers, with total employees decreasing from 543 in 2022 to 26 in 2023[194]. - Employee turnover rate increased dramatically to 95% overall, attributed to factory shutdowns[194]. - The company adheres to local labor laws and provides competitive compensation and benefits to employees[188]. - The company has a five-day work week policy in its production facilities in China and Hong Kong[191]. - 100% of employees received training in 2023, up from 87% in 2022[200]. - Average training hours per employee increased to 6.07 hours in 2023 from 4.73 hours in 2022[200]. Community Engagement - The company actively participates in community activities to enhance stakeholder communication and social responsibility[152]. - The company emphasizes stakeholder engagement to enhance business strategies and risk management[153].

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 佈 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。 童園國際有限公司 Kiddieland International Limited （股份代號：3830） （於開曼群島註冊成立的有限公司） 截 至 二 零 二 三 年 四 月 三 十 日 止 年 度 的 全 年 業 績 公 佈 全 年 業 績 童 園 國 際 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 三 年 四 月 三 十 日 止 年 度 的 全 年 業 績 連 同 上 一 年 度 的 比 較 數 字 如 下： – 1 – 綜 合 全 面 收 益 表 | --- | --- | |-------|- ...