本文源自：金融界AI电报 环宇物流(亚洲)(06083.HK)发布公告，集团近期与丰益亚洲有限公司(丰益亚洲)订立经销协议(该协议)。 根据该协议，集团以经销商身份向香港药房、药行、临时商店及独立超级市场分销产品，包括但不限于 知名品牌"Virjoy(唯洁雅)"及"Zenses(倩丝)"的若干纸巾产品。订立该协议后，集团将能进一步拓展其经 销市场策划与销售业务，将经销市场的覆盖扩展至更多元的范围。 ...

董事会认为，该协议已按正常商业条款经公平磋商后订立，属公平合理且符合公司及其股东的整体最佳 利益。 环宇物流(亚洲)(06083)发布公告，集团近期与丰益亚洲有限公司(丰益亚洲)订立经销协议(该协议)。根 据该协议，集团以经销商身份向香港药房、药行、临时商店及独立超级市场分销产品，包括但不限于知 名品牌"Virjoy(唯洁雅)"及"Zenses(倩丝)"的若干纸巾产品。订立该协议后，集团将能进一步拓展其经销 市场策划与销售业务，将经销市场的覆盖扩展至更多元的范围。 ...

董事会认为，该协议已按正常商业条款经公平磋商后订立，属公平合理且符合公司及其股东的整体最佳 利益。 智通财经APP讯，环宇物流(亚洲)(06083)发布公告，集团近期与丰益亚洲有限公司(丰益亚洲)订立经销 协议(该协议)。根据该协议，集团以经销商身份向香港药房、药行、临时商店及独立超级市场分销产 品，包括但不限于知名品牌"Virjoy(唯洁雅)"及"Zenses(倩丝)"的若干纸巾产品。订立该协议后，集团将 能进一步拓展其经销市场策划与销售业务，将经销市场的覆盖扩展至更多元的范围。 ...

格隆汇8月1日丨环宇物流(亚洲)(06083.HK)发布公告，集团近期与丰益亚洲有限公司("丰益亚洲")订立 经销协议。根据该协议，集团以经销商身份向香港药房、药行、临时商店及独立超级市场分销产品，包 括但不限于知名品牌"Virjoy(唯洁雅)"及"Zenses(倩丝)"的若干纸巾产品。订立该协议后，集团将能进一 步拓展其经销市场策划与销售业务，将经销市场的覆盖扩展至更多元的范围。 ...

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份內容 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） 自願性公告 業務最新狀況 本公告乃環宇物流（亞洲）控股有限公司（「本公司」連同其附屬公司「本集團」）自願作 出，以向本公司股東（「股東」）及潛在投資者提供有關本集團最新業務發展的資訊。 本公司董事（「董事」）會（「董事會」）欣然宣佈，本集團近期與豐益亞洲有限公司 （「豐益亞洲」）訂立經銷協議（「該協議」）。根據該協議，本集團以經銷商身份向香港藥房、 藥行、臨時商店及獨立超級市場分銷產品，包括但不限於知名品牌「Virjoy（唯潔雅）」及 「Zenses（倩絲）」的若干紙巾產品。訂立該協議後，本集團將能進一步拓展其經銷市場策劃 與銷售業務，將經銷市場的覆蓋擴展至更多元的範圍。 董事經作出一切合理查詢後深知、盡悉及確信，豐益亞洲及其最終 ...

Financial Performance - The group's revenue and net profit levels were maintained for the year ending December 31, 2024, despite a challenging economic environment[7]. - The company's revenue increased from approximately HKD 331,200,000 for the year ended December 31, 2023, to approximately HKD 351,400,000 for the year ended December 31, 2024, representing a growth of about 6.1%[20]. - Other net income rose from HKD 1,800,000 for the year ended December 31, 2023, to HKD 3,900,000 for the year ended December 31, 2024, primarily due to increased market and promotional support income[21]. - The net profit after tax for the year ended December 31, 2024, was approximately HKD 18,400,000, a decrease of about 8.0% compared to the previous year, attributed to adverse market conditions in Macau and increased employee costs[26]. - The company reported a net profit for the year of HKD 18,571,000, a decline of 7.4% from HKD 20,045,000 in 2023[157]. - Basic and diluted earnings per share for 2024 were both HKD 3.78, down from HKD 3.99 in 2023[157]. Market Conditions - The local GDP growth rate in Hong Kong for 2024 is estimated to be 2.5%, while private consumption expenditure is expected to decline by 0.6%[7]. - The retail sales value index in Hong Kong decreased by 7.3% compared to 2023, indicating a slow recovery in the retail market[15]. - Macau's retail sales value decreased by 15.5% year-on-year, reflecting a poor local retail market situation[15]. - The business environment for 2025 is expected to be filled with challenges and opportunities, with potential market opportunities arising from weaker competitors exiting the market[10]. Operational Strategy - The company plans to further expand its market planning and sales division in the coming years to maximize the synergy of its logistics backbone and distribution network[8]. - The company aims to optimize service quality and IT systems while implementing stricter cost control measures to improve cost efficiency[10]. - The company continues to operate as a fourth-party logistics (4PL) service provider, achieving natural growth in both Hong Kong and Macau markets[8]. - The company plans to expand its distribution network and brand partnerships through the adoption of fourth-party logistics (4PL) services[17]. - The company has begun offering cold chain services to an existing customer, enhancing its overall logistics solutions[18]. - The company is focusing on inventory management and operational cash flow monitoring to reduce business risks[19]. Employee and Governance - Employee benefits expenses increased to approximately HKD 65,700,000 for the year ended December 31, 2024, up from HKD 63,700,000 for the year ended December 31, 2023, mainly due to salary increases[22]. - The group employed 183 full-time employees as of December 31, 2024, a decrease from 206 employees in 2023[38]. - The company has established a governance structure that includes an audit committee, remuneration committee, and nomination committee to ensure proper regulation of its operations and decision-making processes[47]. - The board consists of experienced individuals, including three independent non-executive directors, ensuring a balance of power and responsibilities[48]. - The company has a strong focus on corporate governance, integrating core elements to balance the interests of shareholders, customers, and employees[47]. Financial Position - The company has a current asset net value of approximately HKD 54,600,000 as of December 31, 2024, down from HKD 83,500,000 in the previous year[27]. - The company's debt-to-asset ratio as of December 31, 2024, was 0.01, unchanged from the previous year[28]. - As of December 31, 2024, the group had bank borrowings of approximately HKD 1,000,000, down from HKD 2,000,000 in 2023[35]. - The group recognized new right-of-use assets and lease liabilities of HKD 69,000,000 due to the renewal of lease agreements[37]. - The group has a total bank financing facility of HKD 25,000,000, with HKD 15,000,000 guaranteed by the group[35]. Dividends - The board declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, payable on September 30, 2024[31]. - A special dividend of HKD 0.02 per share was declared, amounting to approximately HKD 10,037,000, to be paid on January 2, 2025[31]. - The proposed final dividend of HKD 0.02 per share, totaling approximately HKD 10,037,000, is subject to shareholder approval at the upcoming annual general meeting[31]. - The company declared dividends totaling HKD 15,054,000 for the year, compared to HKD 10,037,000 in the previous year[161]. Risk Management and Compliance - The company has established a risk management framework to assess and manage risks faced by the group[53]. - The board is committed to ensuring effective internal controls and risk management structures are in place[62]. - The company has implemented procedures for handling and disclosing inside information, ensuring compliance with listing rules[81]. - The company has complied with all relevant laws and regulations, including the Cayman Islands Companies Law and listing rules[131]. Audit and Financial Reporting - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2024[140]. - The audit identified revenue recognition in the supply chain management services as a key audit matter due to its significance as a key performance indicator[144]. - The group is responsible for preparing consolidated financial statements in accordance with Hong Kong Financial Reporting Standards and ensuring internal controls to prevent material misstatements[149]. - The auditor's responsibility includes obtaining reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[151].

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 351,375,000, representing an increase of 6.5% compared to HKD 331,204,000 in 2023[4] - Net other income increased significantly to HKD 3,945,000 from HKD 1,811,000, marking a growth of 118.5%[4] - Operating profit for the year was HKD 24,894,000, a slight decrease of 1.0% from HKD 25,148,000 in the previous year[4] - The net profit attributable to equity shareholders was HKD 18,972,000, down 5.3% from HKD 20,025,000 in 2023[4] - Basic and diluted earnings per share decreased to HKD 3.78 from HKD 3.99, reflecting a decline of 5.3%[4] - The group reported a pre-tax profit of HKD 22,407 for 2024, compared to HKD 23,981 in 2023, reflecting a decrease of 6.6%[18] - The net profit for the year ended December 31, 2024, was approximately HKD 18,600,000, a decrease of about 7.4% compared to the previous year, attributed to adverse market conditions in Macau and increased employee costs[48] Assets and Liabilities - Total assets decreased to HKD 219,829,000 from HKD 263,730,000, a reduction of 16.6%[5] - Current liabilities decreased to HKD 165,182,000 from HKD 180,220,000, indicating a decline of 8.3%[5] - The company's net asset value decreased to HKD 106,751,000 from HKD 113,271,000, a decrease of 5.8%[5] - The group’s total non-current assets in 2024 were HKD 68,757, compared to HKD 30,311 in 2023[21] - The group reported a current asset net value of approximately HKD 54,600,000 as of December 31, 2024, down from HKD 83,500,000 the previous year[49] - The asset-to-liability ratio as of December 31, 2024, was 0.01, consistent with the previous year[50] - As of December 31, 2024, the group had bank borrowings of approximately HKD 1,000,000, down from HKD 2,000,000 in 2023[57] Revenue Breakdown - Supply chain management services revenue for 2024 was HKD 151,798, a decrease of 3.6% from HKD 156,510 in 2023[13] - Marketing and sales revenue increased by 14.2% to HKD 199,577 in 2024 from HKD 174,694 in 2023[13] - Revenue from external customers in Hong Kong increased to HKD 281,269 in 2024, up 27% from HKD 221,427 in 2023[21] - Revenue from external customers in Macau decreased by 36.3% to HKD 70,106 in 2024 from HKD 109,777 in 2023[21] - The company's revenue increased from approximately HKD 331,200,000 for the year ended December 31, 2023, to approximately HKD 351,400,000 for the year ended December 31, 2024, representing a growth of about 6.1%[43] Dividends - The company declared dividends totaling HKD 15,054,000 for the year, compared to HKD 10,037,000 in the previous year[6] - The company reported a total dividend of HKD 25,091,000 for 2024, compared to HKD 20,074,000 in 2023, including a special dividend of HKD 10,037,000[34] - The board declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, payable on September 30, 2024[53] - A special dividend of HKD 0.02 per share, totaling approximately HKD 10,037,000, was declared and will be paid on January 2, 2025[53] - The proposed final dividend of HKD 0.02 per share, subject to shareholder approval, will be paid around July 2, 2025[54] Employee and Operational Insights - Employee benefits expenses were approximately HKD 65,700,000 for the year ended December 31, 2024, compared to HKD 63,700,000 for the previous year, reflecting an increase mainly due to salary raises[45] - The group employed 183 full-time employees as of December 31, 2024, a decrease from 206 employees in 2023[60] - The company is focusing on inventory management and enhancing operational cash flow control, resulting in a decrease in overall inventory levels[41] - The company has begun providing cold chain services to an existing client, enhancing customer relationships and offering comprehensive logistics solutions[40] - The company has successfully established a new distribution partnership with an Australian cookie and snack manufacturer for Hong Kong and Macau[39] Governance and Compliance - The company has established an audit committee, nomination committee, and remuneration committee to ensure proper governance practices[73] - The company has adhered to the corporate governance code, except for the separation of the roles of chairman and CEO, which is deemed appropriate in this context[74] - The board consists of experienced individuals, including three independent non-executive directors, ensuring a balance of power and responsibilities[74] - The Audit Committee was established on December 16, 2015, to ensure effective internal controls and risk management within the company[75] - The Audit Committee is currently composed of three independent non-executive directors, with Ms. Lai Ying Ying serving as the chairperson[75] - The Audit Committee has reviewed the annual performance of the group for the year ending December 31, 2024[75] Market Conditions - The local GDP in Hong Kong is projected to grow by 2.4% in 2024, while the total retail sales value index decreased by 7.3% compared to 2023[36] - Macau's local retail sales value decreased by 15.5% year-on-year as of the third quarter of 2024, indicating a challenging market environment[37] - The company maintained profitability despite a challenging operating environment in 2024[38] Shareholding Structure - The total equity held by directors and key executives amounted to 97,200,000 shares, representing 19.37% of the issued share capital[64] - Best Matrix Global Limited holds 143,796,000 shares, representing 28.65% of the company's issued share capital[67] - Leader Speed Limited owns 76,060,000 shares, accounting for 15.16% of the total issued shares[67] - Orange Blossom International Limited has 82,088,000 shares, which is 16.36% of the company's issued capital[67] - Li's total shareholding includes 147,764,000 shares, with 143,796,000 shares held by Best Matrix Global Limited and 3,968,000 shares directly owned[66] - Lu's total shareholding consists of 81,912,000 shares, with 76,060,000 shares held by Leader Speed Limited and 5,852,000 shares directly owned[66] - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or any other entity[69] - There are no significant contracts in which the company's directors have a direct or indirect material interest[70] - The group has no significant contingent liabilities as of December 31, 2024[58] - The capital structure includes equity interests and will be reviewed regularly by the board[56] - The group has not purchased, sold, or redeemed any listed securities during the year[62]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 149,889,000, a decrease of 3.8% from HKD 154,759,000 in the same period of 2023[2] - Operating profit for the period was HKD 8,617,000, down 22.9% from HKD 11,186,000 in the previous year[2] - Net profit attributable to equity shareholders was HKD 7,231,000, a decline of 20% compared to HKD 9,031,000 in the prior year[2] - Basic and diluted earnings per share decreased to HKD 1.44 from HKD 1.80, representing a drop of 20%[2] - The company reported a total comprehensive income of HKD 7,049,000 for the period, down from HKD 9,041,000 in the previous year[2] - The company reported a pre-tax profit of HKD 8,408,000 for the six months ended June 30, 2024, compared to HKD 11,027,000 in the same period of 2023, indicating a decrease of 23.9%[15] - The company recorded a profit of approximately HKD 7 million for the six months ended June 30, 2024, representing a decrease of about 22.0% compared to the same period in 2023[38] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 187,367,000, down from HKD 263,730,000 as of December 31, 2023[3] - Current liabilities decreased to HKD 129,555,000 from HKD 180,220,000, indicating improved liquidity[3] - Non-current assets increased significantly to HKD 96,441,000 from HKD 33,007,000, primarily due to the rise in right-of-use assets[3] - The total equity attributable to equity shareholders decreased to HKD 109,171,000 from HKD 113,271,000, reflecting a reduction in retained earnings[4] - The total trade receivables (net of impairment) as of June 30, 2024, were HKD 73,161,000, a decrease of 27.8% from HKD 100,993,000 as of December 31, 2023[25] - Trade and other payables decreased to HKD 85,184,000 as of June 30, 2024, down 40.4% from HKD 142,754,000 as of December 31, 2023[26] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 71,847,000, a significant increase from HKD 25,673,000 in the same period of 2023, representing a growth of 179%[6] - The net cash and cash equivalents increased to HKD 67,164,000 at the end of the period, compared to HKD 42,524,000 at the end of June 2023, marking a growth of 58%[6] - The company's cash and cash equivalents as of June 30, 2024, were approximately HKD 67,200,000, an increase from HKD 38,000,000 as of December 31, 2023[40] Expenses - Employee benefits expenses increased to approximately HKD 30.4 million for the six months ended June 30, 2024, up from HKD 27.9 million in the previous year[35] - The company reported total other expenses of HKD 8,149,000 for the six months ended June 30, 2024, an increase of 9.6% compared to HKD 7,435,000 for the same period in 2023[18] - The company's transportation expenses increased to HKD 1,900,000 for the six months ended June 30, 2024, up 11.6% from HKD 1,703,000 for the same period in 2023[18] - The company’s insurance expenses rose to HKD 941,000 for the six months ended June 30, 2024, an increase of 7.9% compared to HKD 872,000 for the same period in 2023[18] Revenue Breakdown - Supply chain management services revenue decreased to HKD 73,210,000 from HKD 77,123,000, reflecting a decline of 5% year-over-year[10] - Market planning and sales revenue also saw a decrease, falling to HKD 76,679,000 from HKD 77,636,000, a decline of 1.2%[10] - Revenue from supply chain management services fell by about 5.1%, from HKD 77.1 million to HKD 73.2 million during the same period[34] - Revenue from marketing and sales services decreased by approximately 1.2%, from HKD 77.6 million to HKD 76.7 million, attributed to a decline in demand for disinfectant products and more conservative consumer spending[34] Dividends - The company paid dividends amounting to HKD 20,074,000, an increase of 33% from HKD 15,056,000 in the previous year[6] - The company declared a special dividend of HKD 0.02 per share, totaling approximately HKD 10,037,000, compared to HKD 0.03 per share totaling HKD 15,056,000 for the previous year[20] - The company declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, to be paid on or around September 30, 2024[39] Strategic Focus - The company plans to focus on expanding its market presence and enhancing operational efficiency in the upcoming quarters[2] - The company continues to focus on supply chain management and market planning as its primary business segments, with no significant changes in operational strategy reported[12] - The company continues to expand its distribution network and has signed a contract with a European chocolate manufacturer to act as its official distributor in Hong Kong and Macau[31] - The company is focusing on enhancing its cold chain services through collaboration with a multinational food and beverage processing group[31] - The management remains cautious about the company's performance in the second half of 2024 due to potential ongoing global economic recession[33] Governance and Compliance - The company has established an audit committee to ensure effective internal controls and risk management[61] - The company believes that the board's composition ensures a balance of power and authority[60] - The company’s financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[8] - The company has not applied any new accounting standards or interpretations that have not yet come into effect during the reporting period[9] Shareholding Structure - The company’s major shareholders include individuals with significant holdings, such as Mr. Li with 29.44% of the issued share capital[51] - Best Matrix Global Limited holds 143,796,000 shares, representing 28.65% of the company's issued share capital[54] - Leader Speed Limited owns 76,060,000 shares, accounting for 15.16% of the company's issued share capital[54] - Orange Blossom International Limited has 82,088,000 shares, which is 16.36% of the company's issued share capital[54] - Ms. Luo Huiyi, as a spouse, holds 97,200,000 shares, equating to 19.37% of the company's issued share capital[54] - Ms. Chen Bixian, as a spouse, possesses 147,764,000 shares, representing 29.44% of the company's issued share capital[54] - Ms. Huang Sufeng, as a spouse, owns 81,912,000 shares, which is 16.32% of the company's issued share capital[54] Employment - The company employed 191 full-time employees as of June 30, 2024, a decrease from 206 employees as of December 31, 2023[47] Risk Management - The company has no foreign currency hedging policy but will monitor foreign exchange risks continuously[42] - The company confirmed no significant capital commitments as of June 30, 2024[44] - The company reported no significant acquisitions or disposals during the reporting period ending June 30, 2024[46]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 149,889, a decrease of 3.8% compared to HKD 154,759 for the same period in 2023[2] - The operating profit for the same period was HKD 8,617, down 22.9% from HKD 11,186 in 2023[2] - The net profit attributable to equity shareholders was HKD 7,231, a decrease of 19.9% from HKD 9,031 in the previous year[2] - Basic and diluted earnings per share were HKD 1.44, down from HKD 1.80 in 2023, representing a decline of 20%[2] - The group reported a pre-tax profit of HKD 8,408 for the six months ended June 30, 2024, compared to HKD 10,469 for the same period in 2023, reflecting a decrease of approximately 20%[12][14] - The group recorded a profit of approximately HKD 7 million for the six months ended June 30, 2024, a decrease of about 22.0% compared to the previous period[34] Revenue Breakdown - Supply chain management services revenue for the six months ended June 30, 2024, was HKD 73,210, a decrease of 5% from HKD 77,123 in the same period of 2023[10] - Marketing planning and sales revenue for the six months ended June 30, 2024, was HKD 76,679, down 1% from HKD 77,636 in the same period of 2023[10] - Revenue from supply chain management services fell by about 5.1%, from HKD 77.1 million to HKD 73.2 million during the same period[30] - Revenue from marketing and sales services decreased by approximately 1.2%, from HKD 77.6 million to HKD 76.7 million, attributed to a decline in demand for disinfectant products and more conservative consumer spending[30] Cash Flow and Assets - Cash generated from operating activities increased significantly to HKD 71,847, compared to HKD 25,673 in the prior year, marking an increase of 179.5%[6] - Total assets decreased to HKD 283,808 from HKD 296,737 as of December 31, 2023, reflecting a decline of 4.4%[3] - Current assets net value was HKD 57,812, down from HKD 83,510 in the previous year, indicating a decrease of 30.8%[4] - The company’s cash and cash equivalents increased to HKD 67,164 from HKD 42,524, showing a growth of 57.9%[6] - As of June 30, 2024, the company's net current assets were approximately HKD 57,800,000, with cash and cash equivalents of about HKD 67,200,000, compared to HKD 83,500,000 and HKD 38,000,000 respectively as of December 31, 2023[36] Equity and Dividends - The company’s total equity attributable to equity shareholders decreased to HKD 109,171 from HKD 111,977, a decline of 2.5%[4] - The company declared a special dividend of HKD 0.02 per share, totaling approximately HKD 10,037,000, compared to HKD 0.03 per share and HKD 15,056,000 for the previous year[18] - The company plans to pay an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, compared to no interim dividend for the previous period[18] Expenses and Liabilities - Total income tax expense for the six months ended June 30, 2024, was HKD 1,359, slightly lower than HKD 1,428 for the same period in 2023[17] - The group incurred legal and professional fees of HKD 985 for the six months ended June 30, 2024, an increase from HKD 892 in the same period of 2023[16] - Other expenses increased by approximately 9.6%, from HKD 7.4 million to HKD 8.1 million, primarily due to increased general office and administrative costs in marketing and sales services[32] Market Conditions and Strategy - The local GDP in Hong Kong increased by 3.3% year-on-year as of Q2 2024, while the retail sales value index dropped by 9.7%[27] - Macau's retail sales value decreased by 23.1% year-on-year as of Q2 2024[27] - The management remains cautious about the group's performance in the second half of 2024 due to potential ongoing global economic recession[29] - The company plans to continue focusing on supply chain management services and market planning and sales, with no specific new product launches or acquisitions mentioned in the report[7] - The group has established a new subsidiary in Hong Kong for marketing and sales services, indicating a commitment to growth despite market challenges[28] - The group is focusing on expanding its cold chain business through collaboration with a European multinational food and beverage processing group[28] Shareholder Information - The company’s major shareholders include individuals with significant holdings, such as Mr. Yang with 97,200,000 shares, representing 19.37% of the issued share capital[46] - Best Matrix Global Limited holds 143,796,000 shares, representing 28.65% of the company's issued share capital[49] - Leader Speed Limited owns 76,060,000 shares, accounting for 15.16% of the company's issued share capital[49] - Orange Blossom International Limited has 82,088,000 shares, which is 16.36% of the company's issued share capital[49] - Ms. Lo Wai Yi, as a spouse, holds 97,200,000 shares, equating to 19.37% of the company's issued share capital[49] - Ms. Chan Pik San, as a spouse, owns 147,764,000 shares, representing 29.44% of the company's issued share capital[49] - Ms. Wong Su Fung, as a spouse, holds 81,912,000 shares, which is 16.32% of the company's issued share capital[49] Corporate Governance - The company has established an audit committee to ensure effective internal controls and risk management[55] - The company believes that the board, composed of experienced and capable individuals, ensures a balance of power and authority[54] - There are no significant contracts in which the company's directors have a direct or indirect material interest as of June 30, 2024[52] - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or any other entity during the six months ending June 30, 2024[51] Accounting and Compliance - The group has not applied any new accounting standards or interpretations that have not yet come into effect during the accounting period[9] - The group expects to reflect changes in accounting policies in the annual financial statements for the year ending December 31, 2024[9] - The company confirmed new right-of-use assets and lease liabilities of approximately HKD 69,000,000 related to lease agreements renewed on June 20, 2024[41] Employment and Workforce - The company employed 191 full-time employees as of June 30, 2024, down from 206 as of December 31, 2023[42]

Financial Performance - The company achieved a net profit of approximately HKD 20,000,000 for the year ended December 31, 2023, representing a growth of 12.2% excluding government subsidies [4]. - The company's revenue increased from approximately HKD 327.6 million for the year ended December 31, 2022, to approximately HKD 331.2 million for the year ended December 31, 2023, representing a growth of about 1.1% [20]. - The net profit for the year ended December 31, 2023, was approximately HKD 20 million, a decrease of about 6.5% compared to the previous year, but the after-tax net profit increased by 12.2% [26]. - Total revenue for the year ended December 31, 2023, was HKD 331,204,000, a slight increase of 0.4% from HKD 327,646,000 in 2022 [173]. - Net profit for the year was HKD 20,045,000, down 6.5% from HKD 21,443,000 in the previous year [173]. - Basic earnings per share decreased to HKD 3.99 from HKD 4.08, reflecting a decline of 2.2% [173]. - Operating profit for the year was HKD 25,148,000, a decrease of 6.2% compared to HKD 26,796,000 in 2022 [173]. - The company's net asset value increased to HKD 113,271,000 from HKD 109,261,000, showing a growth of 3.7% [175]. - The total equity attributable to equity shareholders decreased from HKD 116,632,000 to HKD 107,007,000, reflecting a decline of approximately 8.2% [178]. - The net profit for the year ended December 31, 2023, was HKD 20,025,000, slightly down from HKD 20,486,000 in the previous year, indicating a decrease of about 2.3% [178]. Economic Environment - The GDP of Hong Kong recorded a growth of 3.2% in 2023, indicating a recovering economic environment [14]. - The number of inbound tourists to Hong Kong surged to 33,000,000 in 2023, compared to only 600,000 in 2022, reflecting a significant recovery in the tourism sector [14]. - The retail sales value index increased by 7.8% in 2023 compared to 2022, indicating a positive trend in consumer spending [14]. - The overall business environment is gradually improving, contributing to the company's solid performance and growth in 2023 [14]. Business Development - The company established a new wholly-owned subsidiary in Hong Kong for marketing and sales operations in 2023, enhancing its business model and network capabilities [15]. - The company signed a contract with a well-known European chocolate manufacturer, becoming its official distributor in Hong Kong and Macau [15]. - The company plans to continue its strategic deployment as a fourth-party logistics (4PL) service provider to enhance market share and operational efficiency [5]. - The company has successfully diversified its customer base to mitigate business risks and reduce concentration risk [15]. - The company has developed a new ERP system to support its growth as a 4PL service provider and established a distribution network with local retailers [19]. - The company has rented a new warehouse in Macau to meet the growing sales demand and new distribution brands [19]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth [173]. Governance and Compliance - 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 [53]. - The board consists of experienced individuals, including three independent non-executive directors, ensuring a balance of power and responsibilities [54]. - The company has established an audit committee, nomination committee, and remuneration committee to oversee governance practices [53]. - All independent non-executive directors have confirmed their independence according to the guidelines set out in the Listing Rules [58]. - The company has implemented a code of conduct for directors' securities transactions, adhering to the standards set by the Listing Rules [55]. - The board is responsible for evaluating risks faced by the company and implementing appropriate risk management measures [59]. - The company has established a formal and transparent process for the selection and appointment of directors [82]. - The board reviews the nomination policy regularly to ensure compliance with regulatory requirements and good corporate governance practices [83]. - The company has maintained compliance with all relevant laws and regulations, including the Cayman Islands Companies Law and listing rules [146]. Employee and Social Responsibility - Employee benefits expenses rose to approximately HKD 63.7 million in 2023 from HKD 61.7 million in 2022, primarily due to salary increases [22]. - The group employed 206 full-time employees as of December 31, 2023, an increase from 196 employees in 2022 [39]. - The company emphasizes the importance of maintaining good relationships with employees and customers to achieve its business goals [149]. - The company is committed to providing training and development opportunities for female employees to enhance their career progression [78]. - The company has established a whistleblowing policy to allow employees and third parties to report concerns confidentially without fear of retaliation [103]. - The company has committed to environmental protection to ensure sustainable business development [145]. - The company has implemented green office measures to reduce energy and natural resource consumption, including energy-saving lighting and eco-friendly paper [145]. Financial Position - The company recorded a net cash position of approximately HKD 38 million as of December 31, 2023, compared to HKD 54.1 million in the previous year [27]. - The cash and cash equivalents at the end of the year decreased to HKD 37,969,000 from HKD 54,149,000, a reduction of approximately 30.0% [181]. - The total liabilities decreased from HKD 9,703,000 to HKD 8,000,000, indicating a reduction of approximately 17.5% [178]. - The group has not established an internal audit function as of December 31, 2023, but the audit committee will continue to review the need for such a function annually [89]. - The auditor's fees for the year ending December 31, 2023, include HKD 1,100,000 for audit services and HKD 26,000 for non-audit services [87]. Dividends and Shareholder Information - The company declared a special dividend of HKD 0.02 per share, totaling approximately HKD 10.037 million, to be paid on January 2, 2024 [31]. - The company announced a final dividend of HKD 0.02 per share for the year ending December 31, 2023, compared to HKD 0.01 per share in 2022, amounting to approximately HKD 10,037,000 [108]. - No interim dividend was declared for the year 2023, while a special dividend of HKD 0.03 per share was paid in 2023, compared to HKD 0.03 in 2022 [109]. - The company's distributable reserves as of December 31, 2023, amounted to approximately HKD 98,001,000, an increase from HKD 96,609,000 in 2022 [122]. - The board of directors is committed to maintaining sufficient resources and flexibility to meet financial and operational needs while seeking to enhance shareholder value [110].