香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WORLD-LINK LOGISTICS (ASIA) HOLDING LIMITED 環宇物流（亞洲）控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6083） 截至二零二二年十二月三十一日止年度 之年度業績公告 環宇物流（亞洲）控股有限公司（「本公司」）及其附屬公司（統稱「本集團」）董事會（「董 事會」）欣然宣佈本集團截至二零二二年十二月三十一日止年度之綜合財務業績， 連同截至二零二一年十二月三十一日止年度之比較數字。財務資料已獲董事會批 准。 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收益 3 327,646 336,512 其他收入淨額 4,969 2,526 僱員福利開支 (61,657) (54,885) 物業、廠房及設備及使用權資產折舊 (45,415) (46,068) 分包開支 (38,784) (39,91 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 175,240,000, an increase of 15.7% compared to HKD 151,557,000 for the same period in 2021[7] - Operating profit for the same period was HKD 14,750,000, up 54.5% from HKD 9,564,000 in 2021[7] - Profit attributable to equity shareholders for the six months was HKD 10,338,000, representing a 29.5% increase from HKD 7,976,000 in the previous year[7] - Basic and diluted earnings per share for the period were HKD 2.06, compared to HKD 1.59 in the prior year[7] - The company reported a segment profit of HKD 14,465,000 for the six months ended June 30, 2022, compared to HKD 10,093,000 in the same period of 2021, reflecting a growth of 43.5%[32] - The company recorded a profit of approximately HKD 11.3 million for the six months ended June 30, 2022, representing an increase of about 36.0% compared to the previous period[80] Assets and Liabilities - Total assets as of June 30, 2022, were HKD 235,166,000, compared to HKD 242,603,000 as of December 31, 2021[10] - Current assets increased to HKD 137,181,000 from HKD 132,413,000 at the end of 2021[10] - The company reported a net asset value of HKD 119,210,000 as of June 30, 2022, compared to HKD 117,929,000 at the end of 2021[12] - The company’s total liabilities decreased, indicating a stronger balance sheet position compared to the previous year[16] - The company’s trade payables and accrued expenses totaled HKD 14,427,000 as of June 30, 2022, down from HKD 18,246,000 as of December 31, 2021, reflecting a decrease of 21%[55] - The company's total liabilities decreased from HKD 18,246,000 as of December 31, 2021, to HKD 14,427,000 as of June 30, 2022, indicating improved financial health[55] Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 40,209,000, an increase of 107% compared to HKD 19,399,000 in the same period of 2021[16] - The cash and cash equivalents at the end of the period increased to HKD 51,358,000 from HKD 48,005,000, marking a net increase of HKD 12,060,000[16] - The financing activities net cash outflow was HKD 27,459,000, a decrease from HKD 32,883,000 in the previous year, indicating improved cash management[16] - The company incurred a net cash outflow of HKD 690,000 from investing activities, compared to HKD 487,000 in the previous year, showing an increase in investment activities[16] - The company invested HKD 10,020,000 in right-of-use assets for the six months ended June 30, 2022, a decrease from HKD 106,000,000 in the same period of 2021, indicating a reduction in investment by 91%[52] Revenue Segmentation - Total revenue for the supply chain management services and marketing planning and sales for the six months ended June 30, 2022, was HKD 175,240,000, representing a 15.6% increase from HKD 151,557,000 in the previous year[26] - Revenue from external customers in the supply chain management services segment was HKD 88,894,000, while the marketing planning and sales segment generated HKD 86,346,000, contributing to the overall revenue growth[32] - Revenue from supply chain management services rose by approximately 8.2%, from about HKD 82.2 million to HKD 88.9 million, primarily due to the acquisition of new customers[75] - Revenue from marketing and sales services surged by approximately 24.5%, from about HKD 69.4 million to HKD 86.3 million, attributed to effective sales and marketing strategies[75] Dividends and Shareholder Information - The company paid dividends amounting to HKD 5,018,000, significantly lower than HKD 12,452,000 in the previous year, reflecting a strategic decision to conserve cash[16] - The company declared an interim dividend of HKD 0.010 per share, totaling approximately HKD 5,018,000, consistent with the interim dividend declared for the previous year[45] - The total equity held by Mr. Yang was 96,504,000 shares, representing 19.23% of the company's issued share capital[97] - Mr. Li held 147,764,000 shares, accounting for 29.44% of the company's issued share capital[97] - Mr. Lu's equity amounted to 81,912,000 shares, which is 16.32% of the company's issued share capital[97] - Best Matrix Global Limited owned 143,796,000 shares, representing 28.65% of the company's issued share capital[104] - Leader Speed Limited held 76,060,000 shares, which is 15.16% of the company's issued share capital[104] - Orange Blossom International Limited owned 81,392,000 shares, accounting for 16.22% of the company's issued share capital[104] Operational Highlights - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[8] - The company is focusing on expanding its supply chain management services and enhancing its marketing strategies to drive future growth[19] - The company successfully maintained operations during the fifth wave of COVID-19, with no single day or order affected[63] - The company achieved stable growth in sales and profits during the first half of 2022 despite challenges in the logistics supply chain[68] - The company implemented protective measures and emergency response plans to ensure employee safety and operational continuity during the pandemic[68] - The company reported an increase in warehouse capacity utilization efficiency compared to the same period in 2021[68] Economic Context - The total retail sales value index for the first half of 2022 decreased by 2.6% compared to the same period in 2021[63] - The local GDP for the first and second quarters of 2022 saw year-on-year declines of 3.9% and 1.3%, respectively[63] - The management maintains a cautious outlook for the second half of 2022 due to anticipated economic challenges from high inflation and interest rate hikes[72] Corporate Governance - The company has complied with the corporate governance code, except for the deviation from the code regarding the separation of the roles of chairman and CEO[114] - The audit committee has been established to ensure effective internal controls and risk management, consisting of three independent non-executive directors[115] - There were no significant contracts in which the company's directors had a direct or indirect material interest as of June 30, 2022[109] - The board is not aware of any business or interests of directors, controlling shareholders, or their associates that may compete with the group's business as of June 30, 2022[110]

Financial Performance - The company achieved a net profit of approximately HKD 16,000,000 for the year ended December 31, 2021, representing a 38.3% increase excluding government subsidies[5]. - The company's revenue increased from approximately HKD 212.3 million in 2020 to approximately HKD 336.5 million in 2021, representing a growth of about 58.5%[24]. - The net profit for the year ended December 31, 2021, was approximately HKD 16 million, a decrease of about 23.6% compared to the previous year, primarily due to reduced government subsidies[30]. - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year, representing a 15% year-over-year growth[53]. - The logistics solutions business segment generated revenue of approximately HKD 143 million, while the customized services segment generated revenue of approximately HKD 19 million, constituting the majority of the income from these segments[188]. Business Operations - The distribution business in Macau contributed 46.3% to the total revenue of the company in 2021, marking a historical high since the acquisition of the Macau business in 2019[6]. - The company successfully turned the distribution segment from loss to profit within two years of its establishment[6]. - The revenue and profit growth in the distribution segment were significantly driven by effective responses to the challenges posed by the COVID-19 pandemic[6]. - The company successfully transformed its Macau business from loss to profit over two years, with sales increasing approximately fivefold compared to the same period in 2020[18]. - The company plans to adopt a similar successful model from Macau in Hong Kong once the threat of COVID-19 diminishes[18]. Market and Customer Insights - The management noted increased demand for logistics services due to several competitors temporarily ceasing operations[9]. - User data showed a 20% increase in active users, reaching 500,000 by the end of the year[53]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[53]. - A new partnership with a major e-commerce platform is anticipated to drive additional revenue streams, estimated at HKD 150 million annually[53]. Cost Management and Efficiency - The company plans to continue optimizing service quality and IT systems while implementing stricter cost control measures to improve cost efficiency[9]. - Employee benefits expenses decreased from approximately HKD 58.3 million in 2020 to about HKD 54.9 million in 2021, attributed to a reduction in the number of employees[27]. - The company improved its transportation management system to allow end customers to track the status of their shipments, enhancing service traceability and transparency[22]. - The company expanded its warehouse capacity and utilization in 2021 to enhance service quality and meet customer demands[22]. Corporate Governance - The board emphasized the importance of corporate governance, ensuring compliance with the established guidelines and maintaining transparency[59]. - The board consists of three executive directors and three independent non-executive directors, with independent directors exceeding one-third of the board[66]. - The audit committee, comprising three independent non-executive directors, is responsible for overseeing financial reporting and internal controls[78]. - The company has established a risk management framework in place to assess and manage risks faced by the group[66]. - The board will regularly review the nomination policy to ensure its effectiveness and compliance with regulatory standards[98]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 5.018 million, and a special dividend of HKD 0.01 per share, also totaling approximately HKD 5.018 million[37]. - The proposed final dividend of HKD 0.02 per share amounts to approximately HKD 10.037 million, an increase from HKD 0.01 per share in 2020[37]. - The company announced a final dividend of HKD 0.02 per share for the year ended December 31, 2021, totaling approximately HKD 10,037,000, an increase from HKD 0.01 per share in 2020[119]. - The company declared an interim dividend of HKD 0.01 per share in 2021, which was paid in October 2021, and a special dividend of HKD 0.01 per share, paid in January 2022[120]. Audit and Compliance - The audit identified revenue recognition as a key audit matter due to its significance as a key performance indicator and the inherent risks of misstatement or manipulation to meet financial targets[188]. - The auditors assessed the appropriateness of the accounting policies adopted by the directors and the reasonableness of accounting estimates and disclosures[196]. - The audit firm communicates the audit plan scope, timing, and significant findings to the audit committee, including any major deficiencies identified in internal controls[199]. - The auditor is responsible for evaluating the overall presentation, structure, and content of the consolidated financial statements, ensuring they fairly reflect relevant transactions and matters[199]. Employee and Shareholder Relations - The company expressed gratitude to employees for their dedication during challenging times, contributing to the overall achievements in 2021[10]. - The company has established multiple communication channels with shareholders, including the publication of interim and annual reports and holding annual general meetings[107]. - The company has not purchased, sold, or redeemed any of its listed securities during the year[130]. - The company did not make any charitable donations during the year ending December 31, 2021[176]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[53]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on enhancing service quality[53]. - Research and development investments increased by 30%, focusing on innovative logistics solutions and technology[53].

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 151,557,000, representing a 55.7% increase from HKD 97,265,000 in the same period of 2020[6] - Operating profit decreased to HKD 9,564,000, down 23.5% from HKD 12,506,000 year-on-year[6] - Net profit attributable to equity shareholders was HKD 7,976,000, a decline of 19.9% compared to HKD 9,862,000 in the previous year[6] - Basic earnings per share for the period was HKD 1.59, down from HKD 1.98 in the same period last year[6] - The company reported a decrease in other income to HKD 1,199,000 from HKD 3,819,000 year-on-year[6] - The company reported a net cash inflow from operating activities of HKD 19,399,000 for the six months ended June 30, 2021, down from HKD 43,824,000 in the same period last year, representing a decrease of approximately 55.7%[16] - The company recorded a net loss of HKD 4,981,000 in dividends paid during the period, compared to a loss of HKD 7,411,000 in the previous year, reflecting a decrease of 32.5%[16] - The company’s total equity increased to HKD 120,304,000 as of June 30, 2021, up from HKD 115,099,000 at the beginning of the year, representing an increase of 4.8%[14] - The company’s retained earnings as of June 30, 2021, were HKD 48,227,000, compared to HKD 42,124,000 at the beginning of the year, indicating an increase of 14.8%[14] - The group recorded a profit of approximately HKD 8,300,000 for the six months ended June 30, 2021, a decrease of about 15.6% compared to the same period in 2020, mainly due to the absence of government subsidies in the first half of 2021[80] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 258,438,000, compared to HKD 260,803,000 as of December 31, 2020[9] - Non-current assets increased significantly to HKD 125,916,000 from HKD 39,614,000 at the end of 2020, primarily due to the rise in right-of-use assets[9] - Current liabilities rose to HKD 66,718,000 from HKD 60,973,000, reflecting an increase in lease liabilities[9] - Cash and cash equivalents decreased by HKD 13,971,000 during the period, ending with HKD 48,005,000 compared to HKD 64,613,000 at the end of the previous year[16] - Trade receivables (net of loss allowance) increased to HKD 59,146,000 as of June 30, 2021, from HKD 53,719,000 as of December 31, 2020[50] - Trade payables as of June 30, 2021, amounted to HKD 7,814,000, up from HKD 5,706,000 as of December 31, 2020[55] - As of June 30, 2021, the group had net current assets of approximately HKD 66,900,000, down from HKD 80,100,000 as of December 31, 2020, with cash and cash equivalents of approximately HKD 48,000,000[83] Revenue Breakdown - The revenue from transportation services was HKD 25,155,000, slightly down from HKD 25,275,000 year-on-year, indicating a decrease of 0.5%[25] - Revenue from goods sales surged over 6 times to HKD 69.4 million in the first half of 2021, up from HKD 10.1 million in the same period of 2020[73] - Revenue from value-added services increased by approximately 12.2% to HKD 6.5 million in the first half of 2021[74] - For the six months ended June 30, 2021, total revenue from external customers was HKD 151,557,000, compared to HKD 97,265,000 for the same period in 2020, representing a growth of approximately 55.7%[30] Expenses and Investments - The total operating expenses for the six months ended June 30, 2021, amounted to HKD 10,284,000, compared to HKD 6,759,000 in the previous year, indicating an increase of approximately 52.9%[38] - Legal and professional fees increased to HKD 1,415,000 for the six months ended June 30, 2021, compared to HKD 1,071,000 in the same period of 2020, reflecting a rise of approximately 31.9%[38] - Other expenses amounted to approximately HKD 10,300,000 for the six months ended June 30, 2021, representing a 52.2% increase compared to HKD 6,800,000 for the same period in 2020, primarily due to increased transportation costs and operational expenses from the expansion of distribution business[78] - The company’s investment activities resulted in a net cash outflow of HKD 487,000, compared to a net inflow of HKD 459,000 in the previous year[16] - The company’s financing activities resulted in a net cash outflow of HKD 32,883,000, compared to a net outflow of HKD 27,338,000 in the previous year, reflecting an increase of 20.0%[16] Shareholder Information - The total issued and paid-up share capital increased to 501,843,000 shares as of June 30, 2021, from 498,067,000 shares as of December 31, 2020[56] - Mr. Yang holds a total of 96,224,000 shares, including 81,192,000 shares held by Orange Blossom International Limited and 15,032,000 shares directly owned[99] - Mr. Li owns 147,764,000 shares, with 143,796,000 shares held by Best Matrix Global Limited and 3,968,000 shares directly owned[99] - Best Matrix Global Limited holds 143,796,000 shares, representing 28.65% of the company's issued share capital[103] - The company declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, consistent with the previous year's dividend[42] Governance and Management - The company has established an audit committee to ensure effective internal controls and risk management, consisting of three independent non-executive directors[117] - The board believes that the combination of the roles of chairman and CEO by Mr. Yang is appropriate for effective management and business development[114] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO as per A.2.1[114] - The audit committee has reviewed the unaudited interim results for the six months ended June 30, 2021[117] - The board consists of experienced and talented members, including three independent non-executive directors, ensuring a balance of power and authority[114] - The company emphasizes the importance of safeguarding asset security and maintaining reliable financial records as part of its internal control framework[117]

WORLD-LINK LOGISTICS (ASIA) HOLDING LIMITED 環宇物流（亞洲）控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 6083 com | | Licharia com | 2400 0010 Always Can Do 2020 年報 目錄 主席報告 2 公司資料 4 管理層討論及分析 5 董事及高級管理人員 9 企業管治報告 12 董事會報告 22 獨立核數師報告 30 綜合損益及其他全面收益表 34 綜合財務狀況表 35 綜合權益變動表 36 綜合現金流量表 37 綜合財務報表附註 38 財務概要 84 主席報告 各位股東： 本人謹代表董事會（「董事會」）欣然提呈本集團截至二零二零年十二月三十一日止年度（「二零二零年」）之年報。 二零二零年正值經濟下行，但本集團仍能錄得收益增長。COVID-19疫情爆發為全球經濟、旅遊業及消費意欲帶來負面影 響。根據「tradingeconomics.com」（一個提供過往經濟數據、預測及新聞等資訊的線上平台）發佈的統計數字，香港於二零 二零年的年度本地生產總值增長率連續兩年下跌，錄得負3%。而香港失業率亦由二零二零年首季的 ...

Financial Performance - Revenue for the six months ended June 30, 2020, was HKD 97,265,000, representing a 21.5% increase from HKD 80,136,000 in the same period of 2019[7] - Operating profit for the same period was HKD 12,506,000, up 18.3% from HKD 10,567,000 year-on-year[7] - Net profit for the six months ended June 30, 2020, was HKD 9,862,000, an increase of 21% compared to HKD 8,155,000 in 2019[7] - Basic earnings per share increased to HKD 1.98 from HKD 1.69, reflecting a growth of 17.2%[7] - The company's pre-tax profit for the six months ended June 30, 2020, was HKD 9,246,000, up from HKD 7,898,000 in the same period of 2019, indicating a growth of 17.1%[36] - The group recorded a profit of approximately HKD 9,900,000 for the six months ended June 30, 2020, representing a 20.9% increase compared to the same period in 2019[74] Revenue Breakdown - Total revenue for the six months ended June 30, 2020, was HKD 97,265,000, up from HKD 80,136,000 in 2019, indicating a growth of approximately 21%[27] - Transportation service revenue increased to HKD 25,275,000, a rise of 22% from HKD 20,593,000 in the previous year[27] - Warehousing service revenue rose to HKD 45,686,000, reflecting a 19% increase from HKD 38,312,000 in 2019[27] - Custom services revenue decreased to HKD 10,335,000, down 34% from HKD 15,575,000 in the prior year[27] Assets and Liabilities - Total assets as of June 30, 2020, were HKD 124,866,000, down from HKD 137,840,000 as of December 31, 2019[9] - Current liabilities increased to HKD 129,097,000 from HKD 120,962,000, indicating a rise of 6.5%[9] - The company's net asset value as of June 30, 2020, was HKD 116,177,000, compared to HKD 109,130,000 at the end of 2019, showing an increase of 6.3%[9] - Cash and cash equivalents at the end of the period increased to HKD 64,613,000, compared to HKD 20,283,000 at the end of June 2019, marking a significant increase of 218%[14] - Trade receivables decreased to HKD 44,422,000 as of June 30, 2020, down from HKD 63,261,000 as of December 31, 2019, representing a decline of 29.7%[49] - Trade payables decreased to HKD 4,855,000 as of June 30, 2020, from HKD 9,060,000 as of December 31, 2019, representing a decline of 46.4%[51] Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2020, was HKD 43,824,000, compared to HKD 28,462,000 for the same period in 2019, representing a 54% increase[14] - Net cash used in financing activities was HKD 27,338,000, compared to HKD 24,307,000 in the same period last year, indicating a 12% increase[14] - The company reported a net cash inflow of HKD 16,945,000 for the period, contrasting with a net outflow of HKD 12,638,000 in the previous year[14] Employee Expenses - Employee benefits expenses rose to HKD 27,696,000 from HKD 25,325,000, marking an increase of 9.3%[7] - Employee benefits expenses rose to approximately HKD 27,700,000 from HKD 25,300,000, reflecting improvements in employee welfare[71] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[8] - The company plans to continue expanding its logistics and packaging services to enhance market presence and operational efficiency[16] - The company plans to enhance its new business areas, including cold chain logistics and B2C services, to align with stable natural growth in existing business models[62] - The group plans to establish a new bonded distribution center in Q4 2020, adding 150,000 square feet to its existing 500,000 square feet distribution center[65] - The group aims to enhance its cross-border logistics infrastructure and improve overall customer satisfaction through this strategic initiative[65] Economic Context - The unemployment rate in Hong Kong rose to 6.2% in June 2020, up from 2.9% in June 2019, indicating a significant economic impact from the pandemic[61] - The group maintains a cautious outlook for the second half of 2020 due to uncertainties from COVID-19 but will continue to pursue diversified development[66] Corporate Governance - The financial report was authorized for publication on August 28, 2020, and complies with the relevant accounting standards[18] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2020[108] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which is deemed appropriate by the board[106] Shareholder Information - The total issued share capital increased to HKD 4,981,000 as of June 30, 2020, from HKD 4,941,000 as of December 31, 2019, reflecting an increase in share issuance[54] - The company has granted conditional share awards to directors, totaling 3,344,000 shares for each of the three directors, with vesting dates set for January 21, 2019, January 20, 2020, and January 19, 2021[101] - The company has not established any arrangements for directors to benefit from purchasing shares or bonds of the company or any other entity during the six months ending June 30, 2020[103] Acquisitions and Investments - The company acquired an additional 51% stake in Skya Link Limited on July 1, 2020, following a share purchase agreement[58] - The company acquired an additional 160 shares of Skya Link at HKD 1 per share, resulting in a 51% ownership stake[83] Contingent Liabilities - The company had no significant contingent liabilities as of June 30, 2020, consistent with the previous year[85] - The group did not engage in any major acquisitions or disposals of subsidiaries during the six months ended June 30, 2020[83]

Financial Performance - In 2019, the revenue from the food segment within the fast-moving consumer goods division increased by 89.1% compared to 2018[6]. - The profit margin improved from 7.2% in 2018 to 11.4% in 2019, attributed to successful cost control through technology[8]. - The group's revenue increased from approximately HKD 155.2 million in 2018 to approximately HKD 197.2 million in 2019, representing a growth of about 27.0%[23]. - New business growth was recorded at 56.7%, with organic growth at 20.8% in 2019[1]. - The group achieved a net profit of approximately HKD 22.5 million for the year ended December 31, 2019, an increase of about 102.7% compared to the previous year[29]. - Total revenue for the year ended December 31, 2019, was HKD 197,153,000, representing a 27% increase from HKD 155,210,000 in 2018[195]. - Operating profit for the year was HKD 28,608,000, up from HKD 14,137,000 in the previous year, indicating a significant improvement in operational efficiency[195]. - Net profit attributable to equity shareholders for the year was HKD 22,515,000, which is a 102% increase compared to HKD 11,108,000 in 2018[195]. - Basic earnings per share increased to HKD 4.61 from HKD 2.31, reflecting strong growth in profitability[195]. - Total assets as of December 31, 2019, amounted to HKD 120,962,000, compared to HKD 96,634,000 in 2018, showing a 25% increase[200]. - Current liabilities totaled HKD 67,427,000, up from HKD 17,835,000 in the previous year, indicating a significant rise in short-term obligations[200]. - The company's net asset value increased to HKD 109,130,000 from HKD 92,280,000, representing a growth of 18%[200]. Business Development - The company plans to further develop its cold chain business segment in 2020, focusing on new revenue streams and strict cost control[9]. - The group expanded its services to include business-to-consumer (B2C) delivery services, marking a significant milestone in its business model[18]. - The group successfully secured a new client in the cold chain logistics sector, enhancing its service offerings to various restaurant types[19]. - The group has established a presence in general trade through the acquisition of a new company in Macau, which will aid in expanding its logistics business[21]. Economic Environment - Despite the overall economic contraction of 1.2% in Hong Kong in 2019, the company successfully attracted new customers[5]. - The overall economic environment in 2019 was challenging due to local social movements and the US-China trade war[5]. Employee and Management Insights - Employee benefits expenses rose to approximately HKD 57.3 million in 2019 from HKD 52.7 million in 2018, driven by higher bonuses and salaries from the newly acquired company[25]. - The management expressed confidence in maintaining service quality and team spirit despite the adverse impacts of the COVID-19 pandemic on 2020 financial performance[9]. - The company acknowledged the support of employees and partners in achieving significant accomplishments in 2019 despite various challenges[10]. - The management is committed to creating sustainable shareholder value and robust financial performance in the future[10]. Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code as per the Listing Rules, ensuring proper regulation of its operations and decision-making processes[57]. - The board consists of experienced and outstanding individuals, including three independent non-executive directors, ensuring a balance of power and responsibilities[57]. - The company has established an audit committee, nomination committee, and remuneration committee, with clearly defined terms of reference[57]. - The chairman and CEO roles are held by the same individual, which the board believes is appropriate for effective management and business development[57]. - The company has a strong management structure and internal control procedures that incorporate core elements of good corporate governance[57]. - The company has a commitment to balancing the interests of shareholders, customers, and employees through its governance framework[57]. - The company has maintained compliance with the Corporate Governance Code, except for a specific provision regarding the separation of the roles of chairman and CEO[57]. Shareholder Information - A special dividend of HKD 0.015 per share was declared, totaling approximately HKD 7,411,007, to be paid on January 22, 2020[35]. - The proposed final dividend of HKD 0.01 per share, totaling HKD 4,980,671, was approved by the board on March 23, 2020, pending shareholder approval[35]. - The company's distributable reserves as of December 31, 2019, were approximately HKD 92,304,000, an increase from HKD 80,030,000 in 2018[126]. - The largest customer accounted for 39.2% of the total revenue for the year, while the top five customers represented 85.4% of total revenue[119]. - The top five suppliers contributed to 55.7% of the total procurement amount for the year[120]. - The company has maintained at least 25% of its issued share capital held by the public throughout the reporting period[122]. - The board of directors has approved a dividend policy prioritizing cash distributions to shareholders based on financial performance and future outlook[113]. Audit and Compliance - The audit identified revenue recognition for logistics solutions and customized services as a key audit matter due to its significance as a key performance indicator[177]. - The Group's financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, reflecting a true and fair view of the Group's financial position as of December 31, 2019[172]. - The independent auditor's report confirmed that the financial statements were free from material misstatement due to fraud or error[185]. - The Group's management is responsible for assessing the Group's ability to continue as a going concern and disclosing relevant matters[183]. - The audit firm has maintained professional skepticism and assessed risks of material misstatement due to fraud or error during the audit process[186]. - The Group's internal controls related to revenue recognition were evaluated as part of the audit procedures[177]. - The auditor's report does not cover other information included in the annual report, which is the responsibility of the directors[178]. - The audit committee, established on December 16, 2015, includes three independent non-executive directors and is responsible for overseeing financial reporting and internal controls[72]. Share Awards and Executive Holdings - The company confirmed a total expense of HKD 1,061,000 for the share award scheme for the year ended December 31, 2019, compared to HKD 2,940,000 in 2018[134]. - A total of 3,216,000 shares were issued and allocated to three directors on January 21, 2019, as part of the first batch of share awards[133]. - The second batch of share awards, totaling 3,408,000 shares, was issued to the same three directors on January 20, 2020[133]. - As of December 31, 2019, the total equity held by the directors and key executives in the company amounted to 147,764,000 shares, representing 29.91% of the issued share capital[138]. - The independent non-executive directors have been confirmed as independent by the nomination committee[130].

World - li LOGISTIC WORLD-LINK LOGISTICS (ASIA) HOLDING LIMITED 環宇物流(亞洲)控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號:6083 D ■ D E ■ t 真 T Always Can Do 公司資料 2 未經審核簡明綜合損益及其他全面收益表 3 未經審核簡明綜合財務狀況表 4 未經審核簡明綜合權益變動表 5 未經審核簡明綜合現金流量表 6 未經審核簡明綜合財務報表附註 7 管理層討論及分析 24 其他資料 28 1 公司資料 | --- | --- | |-------------------------------------------|--------------------------------------| | 董事會 | 公司網站 | | 執行董事 | http://www.world-linkasia.com | | 楊廣發先生 （主席及行政總裁） 李鑑雄先生 | 註冊辦事處 | | 陸有志先生 | Clifton House | | | 75 Fort Street | | 獨立非執行董事 | PO Box 1 ...

Financial Performance - In 2018, the company experienced a significant increase in new business revenue by 90.7% compared to 2017, despite a natural revenue decline of 14.1%[16] - The cold chain business recorded a remarkable revenue growth of 149.7% in 2018 compared to 2017, indicating strong performance in this segment[16] - The logistics solutions and customized services saw revenue declines of 1.5% and 14.6% respectively in 2018, attributed to economic downturns and weak retail performance[16] - The company's revenue for the year ended December 31, 2018, decreased by approximately 5.1% to about HKD 155.2 million from HKD 163.6 million in 2017[29] - The company's profit for the year ended December 31, 2018, was approximately HKD 11.1 million, representing a decline of about 53.0% compared to the previous year[35] - The food segment of the fast-moving consumer goods division saw a significant revenue increase of 95.4% in 2018, attributed to new customer acquisitions[23] - The personal care segment of the fast-moving consumer goods division experienced a revenue decline of 12% in 2018, falling to HKD 87.5 million from HKD 99.7 million in 2017[30] - Other income decreased from HKD 1.18 million in 2017 to HKD 0.504 million in 2018, primarily due to the absence of gains from property sales[31] - The overall economic conditions in Hong Kong negatively impacted the company's financial performance in the fourth quarter of 2018[13] Employee and Operational Expenses - The unemployment rate in Hong Kong remained low at 2.8% in the second half of 2018, impacting the company's employee expenses due to enhanced employee benefits[14] - The company invested significantly in employee welfare, information technology, and warehouse facilities, leading to increased operational expenses in 2018[17] - Employee costs increased by 13.4% to approximately HKD 52.7 million in 2018, due to enhanced employee benefits and a share incentive plan[25] - The group employed 253 full-time employees as of December 31, 2018, a decrease from 279 employees in 2017[47] Future Plans and Growth Strategies - The company plans to further expand its fast-moving consumer goods segment, particularly in pet health and nutrition products, as well as retail cold chain operations in 2019[17] - The company anticipates that its cold chain business will continue to be a strong growth driver moving forward[17] - The company plans to continue enhancing service quality and expanding its customer base in the cold chain business segment in 2019[26] - The company has diversified its offerings to include pet health and nutrition products, marking a significant milestone in its growth strategy[23] Economic Conditions - The overall GDP growth rate in Hong Kong was revised down from 3.4% to 3.2% for 2018, reflecting economic challenges faced by the company[13] - The retail sales value of fast-moving consumer goods in supermarkets increased by only 1.2% in 2018, indicating a challenging environment for the company's personal care segment[21] Corporate Governance and Board Structure - The board consists of experienced and outstanding individuals, including three independent non-executive directors, ensuring a balance of power and responsibilities[68] - The company has appointed three independent non-executive directors, exceeding one-third of the board, with at least one possessing appropriate professional qualifications or financial management expertise[72] - The board's main functions include reviewing and approving financial and business strategies, assessing risks, and selecting key management personnel[73] - The board aims to achieve gender balance and diversity in its composition, reflecting the Group's strategic goals[93] - The board has reviewed its structure and composition, focusing on diversity in age, experience, and professional background among its members[92] Audit and Financial Reporting - The audit identified revenue recognition as a key audit matter due to its significance as a performance indicator and inherent risks associated with misstatement[192] - The group’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, reflecting a true and fair view of the group's financial position as of December 31, 2018[188] - The auditors performed procedures to understand and assess the internal controls related to revenue recognition, including sampling service contracts and confirming recognized revenue with customers[192] - The independent auditor's report does not cover other information included in the annual report, and the auditors do not provide any assurance on that information[194] - The audit committee assists the board in overseeing the financial reporting process of the group[199] Shareholder Information - The company has established multiple communication channels with shareholders, including the publication of interim and annual reports[111] - The company encourages shareholders to attend the annual general meeting and provides at least 20 business days' notice[114] - The company is committed to responding to shareholder concerns and suggestions[114] - The company reported a total distributable reserve of approximately HKD 80,030,000 as of December 31, 2018, compared to HKD 76,930,000 in 2017[140] Dividends and Share Capital - The board proposed a final dividend of HKD 0.01 per share, totaling HKD 4.84 million, which is the same as the previous year[41] - The company has adopted a dividend distribution policy prioritizing cash dividends to shareholders[125] - The company maintained at least 25% of its issued share capital held by the public throughout the reporting period[136] Shareholder Equity and Incentive Shares - As of December 31, 2018, the total equity held by the directors and key executives represented 28.35% of the company's issued share capital, amounting to 136,092,000 shares for Mr. Yang[151] - The company granted a total of 3,344,000 incentive shares to each of the three executive directors, with vesting dates in 2019, 2020, and 2021[146] - The total expense related to the incentive shares for the year ended December 31, 2018, was HKD 2,940,000, compared to HKD 0 in 2017[148] Risk Management - The board is responsible for ensuring the effectiveness of the internal control and risk management systems, which have been reviewed annually[109] - The group’s financial performance and position are subject to the risks of revenue being recorded in the wrong period or manipulated to meet financial targets[192]