| 南方亚太房托(03447) | 8.310 | 8.300 | 0.73% | | --- | --- | --- | --- | | 中国国家文化产业 | 0.280 | 0.280 | 0.72% | | (00745) | | | | | 太古股份公司Ｂ(00087) | 11.560 | 11.560 | 0.70% | | 香港电讯－ＳＳ(06823) | 11.900 | 11.900 | 0.68% | | 极兔速递－Ｗ(01519) | 7.290 | 7.500 | 0.67% | | ＡＧＸ ＡＩ科技 | 100.950 | 100.950 | 0.65% | | (03006) | | | | | 万洲国际(00288) | 7.690 | 7.800 | 0.65% | | 康哲药业(00867) | 12.380 | 12.540 | 0.64% | | ＧＸ恒生高股息率 | 28.700 | 28.760 | 0.63% | | (03110) | | | | | 法拉帝(09638) | 25.750 | 25.800 | 0.58% | | 优品３６０(02360) | 1 ...

Financial Performance - In 2024, the Group recorded revenue of approximately HK$3,051.9 million, representing a year-on-year increase of 20.6%[12] - Profit attributable to owners of the Company was approximately HK$6.7 million, a significant turnaround from the net loss of HK$16.2 million in 2023[12] - Revenue from digital storage products increased by 18.5% to approximately HK$2,079.0 million in 2024, driven by increased market share and expanded customer base[59] - Gross profit margin for digital storage products decreased to 4.5% in 2024, down from 5.5% in 2023, due to rising product costs[59] - Revenue from general components increased by 25.4% year-on-year to approximately HK$973.0 million in 2024[61] - Gross profit for general components increased by 27.1% to approximately HK$85.2 million in 2024, with a gross profit margin of 8.8%[61] - The Group's gross profit for Year 2024 was HK$177.7 million, an 8.4% increase compared to HK$164.0 million in Year 2023[66] - The gross profit margin decreased to 5.8% in Year 2024 from 6.5% in Year 2023[66] - Other income and gains rose significantly from HK$3.7 million in Year 2023 to HK$14.9 million in Year 2024, mainly due to increased rebate income from suppliers[67] - Finance costs increased to approximately HK$45.7 million in Year 2024 from HK$35.3 million in Year 2023, attributed to higher use of factoring loans and import loans[84] - For the Year 2024, the Group recorded a net profit of HK$6.2 million, an improvement from a loss of HK$10.2 million in 2023[85][91] - The net profit attributable to the owners of the Company for 2024 was HK$6.7 million, compared to a net loss of HK$16.2 million in 2023[86][92] Market Trends and Industry Outlook - The semiconductor industry is expected to maintain growth driven by technological advancements and increasing market demand, particularly in AI applications[11] - The domestic storage industry chain achieved faster integration and demonstrated strong momentum, benefiting from price rebounds and technological upgrades[11] - The integration of AI applications is diversifying storage requirements, leading to sustained strong demand for memory chips from sectors like smart vehicles and robotics[16] - The traditional consumer electronics market is experiencing upgrades driven by AI, with increasing demand for high-performance, low-power semiconductor products[17] - Looking ahead, the consumer electronics market growth is expected to strengthen due to domestic subsidy policies and accelerated AI-driven product replacement cycles[16] - The semiconductor market in China is expected to maintain growth momentum due to the rapid development of 5G and IoT, alongside rising demand for automotive semiconductors[21] - The demand for semiconductor materials is driven by the increasing popularity of electric and smart vehicles[23] - The semiconductor industry is entering a new growth cycle driven by technological breakthroughs, supportive policies, and growing demand[24] - The Group's prospects indicate that the global semiconductor market is projected to expand to US$718.9 billion in 2025, representing a year-on-year increase of 13.2%[131] - The semiconductor industry is expected to benefit from domestic substitution processes, driven by national policies and stable downstream demand, with significant market opportunities anticipated in 2024[136] Strategic Initiatives and Business Development - The Group's business diversification strategy and optimization of product mix contributed to healthy and sustainable growth[12] - The Group expanded its customer base and consolidated market share through a customer-centric market expansion strategy[13] - The Group aims to enhance resilience and deepen innovation while expanding into key verticals such as industrial manufacturing and new energy vehicles[24] - The focus will be on optimizing the diversified product portfolio and building a resilient supply chain to improve risk resistance and agility[24] - The Group aims to enhance market competitiveness through business diversification and expanding customer types[57] - The Group plans to deepen its presence in multiple markets and expand its customer base, aiming for breakthroughs across various sectors, particularly in AI computing and intelligent manufacturing[134] - Strategic investments will be made in the AI industry chain, focusing on computing power, storage, and energy to capture emerging market opportunities[138] - The Group aims to enhance supply chain resilience and optimize delivery capabilities to support business growth in 2025[140] - The Group plans to strengthen partnerships with leading industry customers and explore structural growth opportunities in new infrastructure, smart manufacturing, and green energy[140] Management and Governance - Mr. Li, the founder and controlling shareholder, has over 35 years of experience in the semiconductor industry[29] - The company has a strong board with members holding degrees from prestigious institutions such as Stanford University and the University of Toronto[33][34] - The group is focusing on business development and has made strategic appointments to enhance operational efficiency[31][32] - The management team has a diverse background in finance and engineering, contributing to the company's strategic direction[34] - The Board is committed to maintaining high standards of corporate governance and has complied with applicable code provisions during 2024[142] - The Board consists of two executive Directors, one NED, and four INEDs as of the date of the Annual Report[150] - The Company has appointed four INEDs, meeting the requirement of at least one-third of the Board[152] - All INEDs have confirmed their independence in accordance with the Listing Rules[155] - The Board is responsible for leadership and control, overseeing business performance and strategic decisions[156] - The Company Secretary assists in establishing meeting agendas and maintaining detailed minutes of meetings[166] Employee and Training Initiatives - The Group's remuneration policy is performance-oriented and market-competitive, with regular reviews of remuneration packages[108] - The Company provides continuous training to employees to enhance their marketing skills and product knowledge[108] - As of December 31, 2024, the Group employed 141 employees in Hong Kong and the PRC, maintaining the same number as the previous year[104] Financial Position and Capital Management - As of December 31, 2024, the Group's cash resources were approximately HK$141.7 million, up from HK$96.5 million in 2023[87][93] - The total outstanding bank borrowings decreased to approximately HK$629.6 million as of December 31, 2024, from HK$759.1 million in 2023, resulting in a decrease in the gearing ratio from 252.4% to 207.6%[88][93] - The Group has not recommended any final dividend for the Year 2024, consistent with 2023[103] - The Group's bank financing is secured by trade receivables valued at approximately HK$221.8 million, down from HK$452.8 million as of December 31, 2023[106] - The Group has no significant contingent liabilities as of December 31, 2024, consistent with the previous year[105]

Financial Performance - Revenue for the fiscal year 2024 was approximately HKD 3,051.9 million, an increase of 20.6% compared to HKD 2,529.8 million in fiscal year 2023[5] - Gross profit for fiscal year 2024 was approximately HKD 177.7 million, representing a growth of 8.4% from HKD 164.0 million in fiscal year 2023[5] - The net profit attributable to owners of the company for fiscal year 2024 was approximately HKD 6.7 million, a significant recovery from a net loss of HKD 16.2 million in fiscal year 2023[5] - Basic earnings per share for fiscal year 2024 were HKD 0.63, compared to a loss per share of HKD 1.53 in fiscal year 2023[7] - The group reported a total segment profit of HKD 177,709 thousand in 2024, compared to HKD 163,997 thousand in 2023, reflecting a growth of 8.4%[26] - The group achieved a net profit of HKD 6,222 thousand in 2024, a turnaround from a net loss of HKD 10,160 thousand in 2023[26] - The basic earnings per share for the fiscal year 2024 is HKD 0.0063, compared to a loss of HKD (0.0153) in 2023, representing a significant turnaround[36] - The diluted earnings per share for 2024 is HKD 0.0048, compared to a diluted loss of HKD (0.0153) in 2023, indicating improved profitability[39] Revenue Breakdown - Digital storage products revenue increased to HKD 2,078,988 thousand in 2024 from HKD 1,753,883 thousand in 2023, representing a growth of 18.5%[24] - General components revenue rose to HKD 972,955 thousand in 2024 from HKD 775,913 thousand in 2023, marking a growth of 25.4%[24] - Revenue from external customers in Mainland China increased to HKD 2,141,718 thousand in 2024 from HKD 1,833,342 thousand in 2023, a growth of 16.8%[28] - The company's core product segments contributed 68.1% and 31.9% to total revenue, respectively, for digital storage products and general components[55] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 1,130.8 million, a decrease from HKD 1,177.6 million as of December 31, 2023[9] - Current liabilities amounted to HKD 945.6 million as of December 31, 2024, down from HKD 1,000.1 million in the previous year[9] - The total equity attributable to owners of the company was HKD 279.3 million as of December 31, 2024, slightly down from HKD 280.6 million in the previous year[9] - The total trade receivables decreased to HKD 577,021,000 in 2024 from HKD 818,065,000 in 2023, reflecting a reduction of approximately 29.5%[44] - The total trade payables increased to HKD 216,078,000 in 2024 from HKD 164,622,000 in 2023, representing a rise of approximately 31.2%[46] Costs and Expenses - The company reported a significant increase in inventory, which rose to HKD 379.3 million in fiscal year 2024 from HKD 227.7 million in fiscal year 2023[8] - The company’s financing costs increased to HKD 45.7 million in fiscal year 2024 from HKD 35.3 million in fiscal year 2023[6] - Distribution and selling expenses increased to approximately HKD 73.3 million in 2024, up from HKD 49.9 million in 2023, primarily due to higher commissions and promotional expenses[62] - Administrative expenses decreased by HKD 5.8 million to HKD 72.3 million in 2024 from HKD 78.1 million in 2023, primarily due to effective cost control measures[63] Other Income and Tax - The company recorded other income of HKD 14.9 million in fiscal year 2024, compared to HKD 3.7 million in fiscal year 2023[6] - The effective tax rate for the group in 2024 was impacted by a tax credit of HKD 2,563 thousand, compared to a tax expense of HKD 4,958 thousand in 2023[34] Corporate Governance and Compliance - The company has reassessed the terms and conditions of liabilities as of January 1, 2023, and January 1, 2024, confirming that the classification of current and non-current liabilities remains unchanged after the initial application of the amendments[14] - The adoption of the revised Hong Kong Financial Reporting Standards has not had a significant impact on the company's financial performance or position for past periods, and it is expected to have no significant impact for the current or future periods[15] - The company is currently analyzing the impact of the new regulations introduced by Hong Kong Financial Reporting Standard No. 18 on its financial statement presentation and disclosures[21] - The audit committee has reviewed and confirmed the accounting principles and practices adopted by the group for the audited annual performance in 2024[97] Future Outlook and Market Trends - The global semiconductor market size is projected to be USD 635.1 billion in 2024, reflecting a year-on-year growth of 19.8%[50] - The semiconductor market is projected to grow to USD 718.9 billion in 2025, reflecting a year-on-year increase of 13.2% driven by AI applications[89] - The group anticipates benefiting from national policy support, stable downstream industry demand growth, and accelerated domestic semiconductor substitution, creating market opportunities in 2024[91] - The group plans to strengthen collaboration with industry leaders to enhance supply chain resilience and optimize delivery capabilities to support business growth[91] - Strong domestic market demand is expected to further grow the domestic business, offsetting potential adverse impacts from uncertainties in overseas markets[93]

Market Performance - In the first half of 2024, 147 million mobile phones were shipped in the domestic market, representing a year-on-year growth of 13.2%[5] - China's integrated circuit exports reached RMB 542.7 billion in the first half of 2024, representing a year-on-year growth of 25.6%[5] - In the Review Period, China's automobile sales reached 14.047 million vehicles, representing a year-on-year increase of 6.1%, with new energy vehicle sales totaling 4.944 million vehicles, a year-on-year increase of 32% and a market share of 35.2%[44] - China's photovoltaic new installed capacity reached 102.48 GW during the Review Period, indicating significant growth in the photovoltaic energy storage market[45] Revenue and Profitability - The Group's revenue for the Review Period was approximately HK$1,593.3 million, representing an increase of 71.4% from HK$929.6 million in the Last Corresponding Period[11] - Revenue from digital storage products increased by 73.1% to approximately HK$1,097.4 million compared to HK$634.2 million in the first half of 2023[9] - Gross profit for the Group amounted to approximately HK$94.5 million, an increase of 86.6% compared to HK$50.6 million in the Last Corresponding Period, with a gross profit margin of 5.9%[15] - The net profit for the Review Period was approximately HK$2.3 million, a turnaround from a net loss of approximately HK$17.9 million in the Last Corresponding Period[19] - Total comprehensive income for the period was HK$553, compared to a total comprehensive loss of HK$20,847 in the previous year[74] Expenses and Costs - Selling and distribution expenses rose to approximately HK$30.6 million, primarily due to increased commission expenses and promotion fees[16] - Administrative expenses increased by approximately HK$10.2 million to approximately HK$43.8 million, mainly due to exchange losses from RMB depreciation[17] - Finance costs increased to approximately HK$25.8 million during the Review Period, up from HK$14.4 million in the Last Corresponding Period, due to increased borrowing and market interest rates[18] Cash Flow and Financial Position - The Group's cash resources as of June 30, 2024, were approximately HK$122.5 million, an increase from HK$96.5 million as of December 31, 2023[21] - Current assets totaled HK$1,040,001, a decrease from HK$1,177,564 as of December 31, 2023[75] - The company reported a cash balance of HK$122,459, an increase from HK$96,520 at the end of 2023[75] - The total cash generated from operating activities was HK$236,047 in 1H2024, a substantial recovery from the cash used in the previous year[79] Shareholder Information - As of June 30, 2024, Mr. Lee holds 835,710,000 shares, representing 77.73% of the issued shares of the Company[50] - Best Sheen, a substantial shareholder, holds 750,000,000 shares, accounting for 69.76% of the issued shares[54] - The Group did not declare any interim dividend for the Review Period, consistent with the previous year[29] Corporate Governance - The Audit Committee reviewed and confirmed the Group's unaudited financial results for the Review Period, ensuring compliance with accounting principles and practices[63] - The Company is committed to high standards of corporate governance and has complied with applicable code provisions during the Review Period[61] - The roles of Chairman and CEO are held by Mr. Lee, which the Board believes ensures consistent leadership and effective strategic planning[58] Future Outlook and Strategy - The semiconductor industry has a broad outlook, with the Group aiming to seize growth opportunities through a diversified development strategy[49] - The Group plans to optimize its product structure and enhance profitability while improving risk resistance[49] - The company is considering potential mergers and acquisitions to accelerate growth and expand its product offerings[187] Employee and Management Information - The Group employed 141 employees as of June 30, 2024, with a remuneration policy focused on performance-oriented and market-competitive packages[29] - The total remuneration for key management personnel in 1H2024 was HK$4,878,000, an increase from HK$4,268,000 in 1H2023, reflecting a growth of approximately 14.3%[180] Financial Instruments and Liabilities - The liability component of the convertible bond increased to HK$16,562,000 as of June 30, 2024, from HK$16,150,000 as of January 1, 2024, reflecting an increase of about 2.5%[154] - The Group's outstanding unsecured loan from the controlling shareholder decreased to approximately HK$28,470,000 as of June 30, 2024, down from HK$43,784,000 as of December 31, 2023, indicating a reduction of about 34.9%[181] Related Party Transactions - Rental expenses paid to related parties included HK$415,000 to Mr. Lee and HK$120,000 to Nicegoal Limited in 1H2024[178] - The Group's related party transactions were classified as de minimis, exempting them from shareholders' approval and disclosure requirements under the Listing Rules[178]

Financial Performance - For the first half of 2024, the company's revenue was approximately HKD 1,593.3 million, an increase of 71.4% compared to HKD 929.6 million in the first half of 2023[1] - The gross profit for the first half of 2024 was approximately HKD 94.5 million, representing an increase of 86.6% from HKD 50.6 million in the same period last year[1] - The net profit attributable to the company's owners for the first half of 2024 was approximately HKD 2.8 million, a significant recovery from a loss of HKD 17.7 million in the first half of 2023[1] - The basic earnings per share for the first half of 2024 was HKD 0.26, compared to a loss per share of HKD 1.67 in the first half of 2023[1] - The total comprehensive income for the first half of 2024 was HKD 553,000, a recovery from a total comprehensive loss of HKD 20.8 million in the same period last year[3] - The group reported a profit before tax of HKD 5,257 for the first half of 2024, a recovery from a loss of HKD 17,751 in the same period of 2023[13] - The group’s net profit for the first half of 2024 was HKD 2,348, compared to a net loss of HKD 17,925 in the first half of 2023[13] - The company reported a net profit of 2,771 thousand HKD for the first half of 2024, a recovery from a loss of 17,688 thousand HKD in the same period of 2023[22] - The group reported a net profit of approximately HKD 2.3 million, a turnaround from a loss of HKD 17.9 million in the same period last year[47] Revenue Breakdown - Digital storage product revenue for the first half of 2024 reached HKD 1,097,436, a significant increase from HKD 634,164 in the same period of 2023, representing a growth of approximately 73.2%[13] - General components revenue for the first half of 2024 was HKD 495,865, up from HKD 295,442 in the first half of 2023, marking an increase of about 67.7%[13] - Revenue from external customers in Hong Kong for the first half of 2024 was HKD 508,979, significantly up from HKD 185,149 in the first half of 2023, indicating an increase of approximately 174.5%[15] - Revenue from external customers in China for the first half of 2024 was HKD 1,069,506, compared to HKD 724,958 in the first half of 2023, representing an increase of about 47.5%[15] Assets and Liabilities - The company's non-current assets as of June 30, 2024, were valued at HKD 168.9 million, a decrease from HKD 176.7 million as of December 31, 2023[5] - Current assets totaled HKD 1,040.0 million as of June 30, 2024, down from HKD 1,177.6 million at the end of 2023[5] - The company's total liabilities decreased to HKD 855.7 million as of June 30, 2024, compared to HKD 1,000.1 million at the end of 2023[5] - The net asset value of the company was HKD 328.5 million as of June 30, 2024, slightly up from HKD 328.1 million at the end of 2023[6] - Trade receivables decreased to HKD 717,745,000 as of June 30, 2024, from HKD 818,065,000 as of December 31, 2023, representing a decline of approximately 12.3%[28] - The total amount of trade payables as of June 30, 2024, was HKD 177,823,000, compared to HKD 164,622,000 as of December 31, 2023, reflecting an increase of approximately 8%[30] Cost and Expenses - The cost of goods sold (COGS) for the first half of 2024 was 1,498,626 thousand HKD, compared to 874,721 thousand HKD in the first half of 2023, indicating an increase of 71%[18] - Distribution and selling expenses increased to approximately HKD 30.6 million from HKD 18.9 million, primarily due to higher commissions and promotional costs[44] - Administrative expenses rose to approximately HKD 43.8 million from HKD 33.6 million, mainly due to exchange losses from RMB depreciation[45] - Research and development expenses for the first half of 2024 were 1,910 thousand HKD, compared to 1,304 thousand HKD in the first half of 2023, marking a growth of 46%[18] Financing and Investments - The total financing costs for the first half of 2024 amounted to 25,819 thousand HKD, up from 14,369 thousand HKD in the first half of 2023, reflecting an increase of 80%[17] - The company issued convertible bonds with a principal amount of HKD 20,000,000 at an annual coupon rate of 0.5%, maturing on February 23, 2027[32] - The perpetual subordinated convertible securities have an annual distribution rate of 0.5% and can be converted into 28,570,000 shares, representing 2.66% of the issued shares as of June 30, 2024[51] - The convertible bonds have a term of five years with an annual interest rate of 0.5%, convertible into 57,140,000 shares, accounting for 5.31% of the issued shares as of June 30, 2024[52] - The total number of shares involved in the convertible bonds and perpetual subordinated convertible securities represents 7.97% of the issued shares as of June 30, 2024[52] Corporate Governance and Compliance - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, but these changes did not significantly impact the financial performance or position of the group[9] - The group is currently evaluating the impact of newly issued Hong Kong Financial Reporting Standards that are not yet effective[10] - The audit committee, composed of three independent non-executive directors, has reviewed and confirmed the accounting principles and financial performance for the review period[70] - The interim financial statements have not been audited, but have been reviewed by the independent auditor according to the relevant standards[70] - The company has adopted high standards of corporate governance to align with the best interests of the group and shareholders[68] Market Trends and Future Outlook - The semiconductor industry is experiencing a moderate recovery, with smartphone shipments in China increasing by 13.2% year-on-year to 147 million units in the first half of 2024[35] - The demand for high-performance computing chips is rapidly increasing, driven by advancements in AI technology[35] - The semiconductor market is expected to see growth driven by strong demand in the smartphone and server markets, with a projected increase in storage chip shipments[65] - In the electric vehicle sector, China's sales reached 14.047 million units, a year-on-year increase of 6.1%, with new energy vehicles accounting for 35.2% of the market share[65] - The photovoltaic sector in China added 102.48 GW of new installations, indicating a growing market for power semiconductor components[65] Employee and Shareholder Information - The group employed 141 staff members as of June 30, 2024, with a compensation policy based on performance and market competitiveness[56] - As of June 30, 2024, there are 4,940,000 unvested restricted shares, representing 0.46% of the issued share capital[57] - The share option plan has not issued any options since its adoption in February 2018, with approximately 3 years and 7.5 months remaining[59] - The board decided not to declare any interim dividends for the review period[55]

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，並明確表示概不會對本公告的全部或任何部分內容所產 生或因依賴該等內容而引致的任何損失承擔任何責任。 1 APEX ACE HOLDING LIMITED 光麗科技控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：6036） 有關二零二三年年報 之補充公告 茲提述光麗科技控股有限公司（「本公司」）截至二零二三年十二月三十一日止年 度之年報（「二零二三年年報」）。除文義另有所指外，本公告所用詞彙與二零二 三年年報所界定者具有相同涵義。 下文載列有關(i)全球發售的未使用所得款項淨額；及(ii)限制性股份獎勵計劃的若干 資料，以補充二零二三年年報中的披露： 1. 誠如二零二三年年報所披露，於二零二三年十二月三十一日，（全球發售募集的 116.9百萬港元中）合共約39.4百萬港元的所得款項淨額仍未使用（「未使用所得 款項」） 。未使用所得款項的詳情載列如下： | --- | --- | --- | --- | --- | --- | --- | |----------|-------------- ...

Financial Performance - In 2023, the Group achieved revenue of approximately HK$2,529.8 million, representing a decrease of 5.9% compared to the previous year[14]. - The attributable net loss to owners of the Company was approximately HK$16.2 million, a significant decrease of approximately 50.1% from HK$32.4 million in 2022[14]. - Revenue from digital storage products amounted to HK$1,753.9 million, down from HK$2,020.0 million in 2022, while gross profit increased by 117.9% to HK$97.0 million[60]. - The gross profit margin for digital storage products improved to 5.5% in 2023 from 2.2% in 2022[60]. - Revenue from general components was HK$775.9 million, an increase from HK$669.1 million in 2022, but gross profit decreased by 4.7% to HK$67.0 million[62]. - The gross profit margin for general components decreased to 8.6% in 2023 from 10.5% in 2022 due to lower demand[62]. - The Group's overall gross profit for 2023 was HK$164.0 million, representing an increase of 42.8% compared to HK$114.9 million in 2022[69]. - The gross profit margin for the Group improved to 6.5% in 2023 from 4.3% in 2022[69]. - The Group recorded a net loss of HK$10.2 million for 2023, an improvement from a net loss of HK$33.0 million in 2022, mainly due to increased gross profit from improved sales performance in the second half of 2023[87]. - Net loss attributable to the owners of the Company for 2023 was HK$16.2 million, compared to HK$32.4 million in 2022, with losses partially offset by a rebound in unit prices in the second half of 2023[88]. Market Trends and Opportunities - The storage chip segment is expected to bottom out in the second half of 2023, with gradual recovery in the consumer electronics market[16]. - The semiconductor industry is anticipated to end its downward trend, driven by demand for high-performance chips in emerging fields such as AI and IoT[16]. - New markets are emerging in industries like new energy, 5G, and autonomous driving, providing growth opportunities for the semiconductor industry[16]. - The global semiconductor market is expected to return to growth in 2024 due to increased demand for AI and High Performance Computing[20]. - China's total automobile sales are projected to reach 31 million vehicles in 2024, a year-on-year growth of 3%, with new energy vehicle sales exceeding 11.5 million, representing over 20% growth[21][24]. - The National Energy Administration forecasts that China's new wind power and photovoltaic installed capacity will reach approximately 200 million kilowatts in 2024[21][24]. - The semiconductor market is expected to benefit significantly from the advancement of in-vehicle entertainment systems and advanced driver assistance systems (ADAS) due to the push for automobile intelligence and electrification[22][25]. - IGBT power devices are identified as core semiconductor components for photovoltaic inverters, wind power converters, and energy storage converters, indicating substantial future development potential[22][25]. - The global semiconductor sales are expected to grow by 13.1% in 2024, reaching US$588.36 billion according to WSTS[134][139]. - The demand for high-performance chips in emerging fields such as artificial intelligence and the Internet of Things is expected to increase in the medium to long term[134][139]. Corporate Governance and Management - Ms. Lo Yuen Lai has been appointed as an executive director since March 22, 2019, and has held various positions within the company since 2015[33]. - Mr. Cheung Siu Kui has served as an independent non-executive director since February 15, 2018, and is the chairman of the Remuneration Committee[34]. - Mr. Yim Kwok Man has over 20 years of experience in corporate finance and has been an independent non-executive director since February 15, 2018[38]. - Dr. Chow Terence, appointed as an independent non-executive director on February 15, 2018, has a background in medicine and founded the first private medical group in Hong Kong with its own CT machine[39]. - The company has a diverse board with members having extensive experience in finance, healthcare, and technology sectors[36][39]. - The management team includes individuals with significant experience in strategic planning and operational support for the Greater China market[34]. - The company is focused on maintaining strong corporate governance through its independent non-executive directors[34][38]. - The Board consists of three executive Directors and three Independent Non-Executive Directors (INEDs), ensuring a balanced governance structure[159]. - The INEDs have confirmed their independence in accordance with the Listing Rules, contributing to the Board's effectiveness[161]. - The Board has delegated day-to-day responsibilities to executive Directors and senior management, while retaining oversight of strategic decisions and performance[173]. Operational Efficiency and Strategy - The Group expanded its product agency layout and improved the supply chain ecosystem, maintaining steady business development[15]. - A new energy product design company was established to design inverters and energy storage products under the Group's own brand[15]. - A trading platform company for new materials was set up to accelerate the introduction of new material products and expand new income sources[15]. - The Group aims to enhance its market presence in new energy and new materials sectors to improve business robustness and growth potential[27]. - The Group plans to improve management and operational efficiency to enhance profitability and deliver better performance to shareholders and investors[27]. - The Group focuses on sourcing and distributing quality electronic components to downstream manufacturers in the technology, media, and telecommunications sectors in Mainland China and Hong Kong[51]. - The Group is engaged in providing complementary technical support alongside the distribution of digital storage products and general electronic components[51]. - The Group continues to improve its supply chain ecosystem while expanding its product agency layout to strengthen competitive advantages[143][146]. - The Group has implemented a diversified development strategy to seize opportunities in the semiconductor market, focusing on both traditional and emerging markets[143][146]. Financial Position and Investments - As of December 31, 2023, total outstanding bank borrowings were approximately HK$759.1 million, up from HK$483.7 million in 2022, leading to an increase in the gearing ratio from 148.4% to 252.4%[96]. - Cash resources as of December 31, 2023, were approximately HK$96.5 million, slightly down from HK$99.6 million in 2022[89]. - The Group's financial statements are presented in HK$, with no significant exchange risk due to the pegging of HK$ to US$ and the low proportion of RMB revenue[97]. - The Company entered into a sale and purchase agreement to acquire a target property for HK$30.0 million, settled by issuing PSCS of HK$10.0 million and CB of HK$20.0 million[100]. - The PSCS has a distribution rate of 0.5% per annum and can convert into 28,570,000 shares, representing 2.66% of the issued shares as of 31 December 2023[100]. - The CB has a maturity of five years and an interest rate of 0.5% per annum, convertible into 57,140,000 shares, representing 5.31% of the issued shares as of 31 December 2023[101]. - The total conversion shares from both PSCS and CB represent 7.97% of the issued shares as of 31 December 2023[102]. - As of December 31, 2023, the Group's trade receivables secured banking facilities with an aggregate carrying amount of approximately HK$452.8 million, up from HK$138.5 million in 2022[107]. - The Group did not recommend any final dividend for the Year 2023, consistent with the previous year[108]. - The Group's leasehold land and buildings were valued at approximately HK$76.0 million as of 31 December 2023, down from HK$79.2 million in 2022[107]. - The Group's investment property had a legal charge of approximately HK$48.2 million as of 31 December 2023[107]. - There were no material contingent liabilities reported as of 31 December 2023[106]. - The Company has not held any significant investments and has no future plans for material investments or capital assets as of December 31, 2023[132][137]. Human Resources - The Group employed 141 employees as of 31 December 2023, a slight decrease from 144 in 2022[109]. - The Company granted 9,550,000 restricted shares under the Restricted Share Award Scheme, with 2,700,000 shares vested during the year 2023, leaving 4,940,000 unvested shares, representing 0.46% of the issued share capital as of December 31, 2023[115][116]. - The Custodian purchased a total of 7,145,000 shares for the Restricted Share Award Scheme, resulting in the Custodian holding 19,155,000 shares, which is 1.78% of the issued shares as of December 31, 2023[115][116].

Financial Performance - The revenue for the fiscal year 2023 was approximately HKD 2,529.8 million, a decrease of 5.9% compared to fiscal year 2022[2]. - The gross profit for fiscal year 2023 was approximately HKD 164.0 million, an increase of 42.8% compared to fiscal year 2022[2]. - The net loss attributable to the company's owners for fiscal year 2023 was approximately HKD 16.2 million, compared to a net loss of HKD 32.4 million in fiscal year 2022[2]. - The basic loss per share for fiscal year 2023 was HKD 1.53, compared to HKD 3.13 in fiscal year 2022[6]. - The total comprehensive loss for the year was HKD 12.2 million, compared to HKD 39.0 million in the previous year[4]. - The group reported a net loss attributable to shareholders of HKD 16.2 million for the fiscal year 2023, compared to a loss of HKD 32.4 million in 2022, indicating an improvement of approximately 50%[36]. - The group’s total revenue for the fiscal year 2023 was HKD 2,529.8 million, a decrease from HKD 2,689.1 million in 2022, reflecting a decline of about 5.9%[29]. - The group’s other income for the fiscal year 2023 was HKD 3.7 million, down from HKD 5.3 million in 2022, representing a decrease of approximately 30.2%[29]. - The group’s pre-tax loss for the fiscal year 2023 was HKD 5.2 million, compared to a pre-tax loss of HKD 33.9 million in 2022, showing a significant reduction in losses[29]. Revenue Breakdown - Revenue from external customers in China for fiscal year 2023 was HKD 1,833.3 million, down from HKD 2,200.1 million in fiscal year 2022[16]. - In the fiscal year 2023, the revenue from the digital storage products segment was HKD 1,753.9 million, down from HKD 2,020.0 million in 2022, representing a decrease of approximately 13.2%[52]. - The total revenue contribution from the two main product segments, digital storage products and general components, was 69.3% and 30.7%, respectively, to the overall group revenue[54]. - The company's revenue in the semiconductor segment was HKD 775.9 million in 2023, up from HKD 669.1 million in 2022, although gross profit decreased by 4.7% to HKD 67.0 million[163]. Assets and Liabilities - The company's total non-current assets as of December 31, 2023, were HKD 176.7 million, down from HKD 188.1 million as of December 31, 2022[7]. - The company's cash and cash equivalents as of December 31, 2023, were HKD 96.5 million, compared to HKD 99.6 million as of December 31, 2022[7]. - The group’s trade receivables before impairment totaled HKD 818.1 million as of December 31, 2023, compared to HKD 562.7 million in 2022, indicating an increase of approximately 45.4%[42]. - The company’s trade payables as of December 31, 2023, totaled HKD 164.6 million, an increase from HKD 131.8 million in 2022[67]. - The total bank financing as of December 31, 2023, was approximately HKD 452.8 million, compared to HKD 138.5 million in 2022[165]. - As of December 31, 2023, the total liabilities amounted to HKD 1,000,057 thousand, an increase from HKD 645,025 thousand in the previous year[179]. Expenses and Costs - Sales and distribution expenses were approximately HKD 49.9 million in 2023, down from HKD 54.5 million in 2022, primarily due to a decrease in commission expenses[81]. - Administrative expenses decreased to HKD 78.1 million in 2023 from HKD 79.8 million in 2022, attributed to effective cost control measures[81]. - The cost of inventory recognized as expenses for the fiscal year 2023 was HKD 2,363,301, a decrease of 7.9% from HKD 2,567,228 in 2022[191]. - Research and development expenses amounted to HKD 2,882, a decrease from HKD 3,105 in the previous year[191]. - Employee costs, including directors' remuneration, totaled approximately HKD 2,605,000 for 2023, up from HKD 2,243,000 in 2022[192]. - Commission expenses significantly decreased to HKD 13,857 from HKD 24,722, reflecting a reduction of 44%[191]. Financing and Investments - The company issued convertible bonds with a term of five years at an interest rate of 0.5%, convertible into 57,140,000 shares, representing 5.31% of the issued shares as of December 31, 2023[87]. - The company issued convertible bonds amounting to HKD 20 million with a coupon rate of 0.5%, maturing on February 23, 2027, and holders can convert them into 57,140,000 shares at HKD 0.35 per share[168]. - The group’s financing costs for fiscal year 2023 were approximately HKD 35.3 million, an increase from HKD 20.0 million in 2022, due to higher usage of factoring loans and rising market interest rates[99]. - The company plans to establish a new office in China with an investment of HKD 5,027 million[119]. - The acquisition and establishment of the Shenzhen headquarters will require HKD 35,888 million, with 100% of the funds remaining unutilized[119]. Future Outlook and Strategy - The semiconductor market is expected to grow by 13.1% in 2024, reaching USD 588.36 billion, driven by demand in AI, IoT, and new energy applications[137]. - The company established a new energy product design company in 2022 to capitalize on growth opportunities in the renewable energy sector[126]. - The company plans to actively participate in global trade shows in 2024 to promote its self-branded inverters and energy storage products[126]. - The company is focusing on diversifying its development strategy to capture industry changes and enhance its competitive advantage in both traditional and emerging markets[140]. - The company is committed to achieving self-sufficiency in the semiconductor supply chain, accelerating the domestic substitution process[139]. - The company is actively optimizing its product structure and supply chain to mitigate the impacts of industry fluctuations[156].

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，並明確表示概不會對本公告的全部或任何部分內容所產 生或因依賴該等內容而引致的任何損失承擔任何責任。 APEX ACE HOLDING LIMITED 光麗科技控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：6036） 有關二零二二年年報及二零二三年中期報告 之補充公告 茲提述光麗科技控股有限公司（「本公司」）本公司截至二零二二年十二月三十一 日止年度之年報（「二零二二年年報」）及截至二零二三年六月三十日止期間的中 期報告（「二零二三年中期報告」）。除文義另有所指外，本公佈所用詞彙與二零 二二年年報及二零二三年中期報告（視情況而定）所界定者具有相同涵義。 以下有關本公司分別於二零一九年八月三十日採納限制性股份獎勵計劃（「限制性 股份獎勵計劃」）及二零一八年二月十五日採納購股權計劃若干資料，以補充二零 二二年年報及二零二三年中期報告中的披露： 1. 根據限制性股份獎勵計劃及購股權計劃授出可發行股份獎勵及購股權的股份 數目除以分別於(i)截至二零二二年十二月三十一日止的財政年度；及(ii)截 ...

Taxation - The effective corporate income tax rate for qualifying small and micro enterprises in China is 5% for taxable income exceeding RMB 1 million, applicable from January 1, 2023, to December 31, 2024[1]. Share Information - The weighted average number of ordinary shares for basic earnings per share calculation for the six months ended June 30, 2023, is 1,010,615,414 shares[3]. - The diluted earnings per share calculation includes a weighted average number of ordinary shares of 1,034,308,613[5]. - The Group held 17,090,000 shares as of June 30, 2023, compared to 14,710,000 shares as of December 31, 2022, under the Restricted Share Award Scheme[50]. - The average closing price of the shares for the five trading days preceding the grant date was approximately HK$0.312 per share, with 90,450,000 shares available for grant under the Restricted Share Award Scheme as of January 1, 2023, and June 30, 2023[127]. - As of June 30, 2023, Mr. Lee holds a total of 835,710,000 shares, representing 77.73% of the issued shares of the Company[153]. - Best Sheen, beneficially owned by Mr. Lee, holds 750,000,000 shares, accounting for 69.76% of the issued shares[155]. - Nicegoal, also owned by Mr. Lee, holds 85,710,000 shares, which is 7.97% of the issued shares[155]. - The total number of shares held by Mr. Lee and his associated entities indicates a significant concentration of ownership within the Company[153]. Financial Performance - The Group's revenue for the Review Period was approximately HK$929.6 million, representing a decrease of 43.1% compared to the Last Corresponding Period[79]. - The net loss attributable to the owners of the Company was approximately HK$17.7 million, compared to a net profit of approximately HK$6.5 million during 1H2022[85]. - The Group's gross profit for the Review Period amounted to approximately HK$50.6 million, a decrease of 32.6% compared to the Last Corresponding Period, while the gross profit margin was 5.4%[79]. - The decline in revenue was primarily due to the continued decline in the selling prices of certain products[79]. - The company reported a loss before tax of HK$17,751,000 for the first half of 2023, compared to a profit before tax of HK$12,931,000 in the first half of 2022[184]. - The loss attributable to owners of the company for the period was HK$17,688,000, compared to a profit of HK$6,509,000 in the same period last year[184]. - Total comprehensive expense for the period, net of tax, was HK$20,847,000, compared to a comprehensive income of HK$5,122,000 in the first half of 2022[184]. Cash and Liquidity - Cash and cash equivalents, including restricted balances, totaled HK$109,626,000 as of June 30, 2023, compared to HK$99,562,000 as of December 31, 2022, reflecting an increase of approximately 10.7%[21]. - The Group's cash and short-term deposits included a restricted balance of approximately HK$10,131,000 as of June 30, 2023, slightly up from HK$10,046,000 as of December 31, 2022[32]. - As of June 30, 2023, the Group's cash resources were approximately HK$109.6 million, an increase from HK$99.6 million as of December 31, 2022[106]. Trade Receivables and Payables - As of June 30, 2023, the Group's trade receivables amounted to HK$227,593,000, an increase from HK$138,532,000 as of December 31, 2022[30]. - The impairment allowance for trade receivables was HK$66,989,000 as of June 30, 2023, up from HK$63,449,000 as of December 31, 2022[43]. - The aging analysis of loans receivable shows a total of HK$96,555,000 overdue by more than 90 days as of June 30, 2023, compared to HK$131,812,000 in the previous period[22]. - Other payables and accruals decreased from HK$22,789,000 as of December 31, 2022, to HK$15,527,000 as of June 30, 2023[23]. Borrowings and Liabilities - The total outstanding bank borrowings amounted to approximately HK$562.4 million, up from HK$483.7 million as of December 31, 2022, resulting in a gearing ratio increase from 148.4% to 182.4%[106]. - The Group's total liabilities increased from HK$15,227,512,000 as of January 1, 2023, to HK$15,639,000,000 as of June 30, 2023[28]. - The Group's bank borrowings secured by trade receivables totaled HK$227,593,000 as of June 30, 2023, compared to HK$138,532,000 as of December 31, 2022[36]. Impairment and Losses - The impairment loss recognized for the period was HK$3,659,000, compared to a write-back of HK$663,000 in the previous period[15]. - An impairment loss on trade receivables of approximately HK$3.7 million was recognized during the Review Period, compared to a reversal of impairment loss of HK$4.4 million in 1H2022[79]. - As at 30 June 2023, trade receivables past due over one year amounted to HK$60.8 million, with a provision for impairment loss of HK$60.0 million[79]. Corporate Governance - The company has adopted the Model Code for securities trading by Directors, with all Directors confirming compliance throughout the Review Period[166]. - The company is committed to high standards of corporate governance and has complied with all applicable code provisions during the Review Period[159]. - The Audit Committee comprises three Independent Non-Executive Directors (INEDs), enhancing the balance of power within the company[167]. Market and Industry Trends - During the review period, semiconductor demand in the industrial and automotive markets reached 28% of total semiconductor demand in 2022, valued at US$83.1 billion and US$79.3 billion respectively, with annual growth rates of 24.2% and 13.4%[74]. - The tightening of chip export restrictions from the United States, Japan, and the Netherlands is expected to accelerate the localization of semiconductors in China[75]. - The new energy industry, particularly the electric vehicle market, has rapidly developed, creating new demands for chip applications[74]. Future Plans and Investments - The company plans to utilize the net proceeds from the Global Offering and the Placing, which amounted to approximately HK$116.9 million and HK$25.566 million respectively, for operational and developmental purposes[132]. - The company is enhancing its sales, marketing, and technical support team by recruiting staff and providing training, with an investment of $10.75 million[138]. - The company is improving its warehouse and office in Hong Kong with an investment of $4.6 million, expected to complete between Q3 2023 and Q4 2024[138]. - The company aims to enhance its market position by leveraging the growth in demand for energy storage and photovoltaic technologies[135].