行业景气度回升，置身其中小牛电动也尝到了"甜头"。根据小牛电动披露的2025年一季度业绩，Q1期 间公司收入同比增加了35.1%至6.82亿元（人民币，下同）。展望Q2，小牛电动方面更是预测该季度公 司收入增速有望进一步升至40%-50%之间。 虽然"吆喝声"更见响亮，然而小牛电动依然迟迟未能将规模优势转化为实实在在的赚钱能力，盈利"老 大难"问题依然存在。季报显示，期内小牛电动的毛利率为17.3%，同比反而下滑了1.6个百分点；同 期，公司的净亏损为3884.5万元，虽较上年同期的-5479.8万元有所收敛，但距离扭亏似乎仍任重道远。 这份喜忧参半的财报"成绩单"，果不其然也未能让处于反弹势头中的小牛电动更进一步。一如文首所 述，绩后小牛电动股价大跌超过12%。盘中最大跌幅更是一度逼近16%。 小牛有没有盈利时间表？ 电动两轮车行业的景气度贝塔，正在被以旧换新政策重新激活。 身为国内锂电高端电动两轮车鼻祖的小牛电动（NIU.US），距离真正意义上的反转到底还有多远？关 于这个问题，投资者或许期待该公司最新的财报就能给出答案，然而公布业绩的当天，小牛电动却是低 开低走，最终收跌12.27%。 在新国标叠加以旧 ...

Financial Performance - Revenue for the fiscal year ended December 31, 2024, decreased by 12.0% to HKD 681,678,000 compared to HKD 774,727,000 in 2023[7] - Gross profit dropped by 51.2% to HKD 109,444,000 from HKD 224,288,000 year-on-year[7] - The company reported a net loss of HKD 20,329,000 for the year, compared to a profit of HKD 63,726,000 in the previous year[15] - Earnings per share showed a loss of HKD 3.4, down from a profit of HKD 10.6 in 2023[7] - For the year ended December 31, 2024, the group's revenue decreased by 12.0% to HKD 681,678,000, compared to HKD 774,727,000 in 2023[26] - The gross profit for the year decreased by 51.2% to HKD 109,444,000, with a gross profit margin decline of 12.9 percentage points to 16.1%[31] - The company reported a loss of HKD 20,329,000 for the year, compared to a profit of HKD 63,726,000 in 2023, resulting in a basic loss per share of HKD 0.034[32] - The company paid dividends of HKD 15,000,000 in 2024, down from HKD 39,000,000 in 2023[188] Revenue Breakdown - Revenue from watch bands and fashion accessories fell by 28.9% and 30.7% respectively due to global demand slowdown[17] - Revenue from smartphone frames and parts increased by 7.3% despite geopolitical tensions affecting orders[17] - The revenue from watch bands decreased by 28.9% to HKD 190,626,000, down from HKD 267,940,000 in 2023[27] - Revenue from mobile phone frames and parts increased by 7.3% to HKD 304,378,000, compared to HKD 283,570,000 in 2023[28] - The largest customer accounted for approximately 19.4% of the total revenue for the year ending December 31, 2024, down from 31.9% in 2023, while the top five customers accounted for 56.1% of total revenue, down from 69.2%[117] Assets and Liabilities - Total assets decreased by 1.9% to HKD 1,169,745,000 from HKD 1,192,807,000[7] - Total borrowings increased by 35.5% to HKD 67,783,000 compared to HKD 50,033,000 in the previous year[7] - The company's current assets net value decreased to HKD 297,079,000 from HKD 381,265,000 in 2023, with cash and bank balances at HKD 222,249,000[45] - The total outstanding bank borrowings increased to HKD 67,783,000 from HKD 50,033,000 in 2023, with a debt-to-asset ratio of 0.06[47] - Current liabilities increased to HKD 224,561,000 in 2024 from HKD 180,860,000 in 2023[187] Operational Efficiency and Cost Management - The company implemented stricter cost-cutting measures to enhance competitiveness in a challenging business environment[18] - The company aims to enhance operational efficiency and optimize resource allocation to ensure long-term stable and sustainable profitability amidst global economic challenges[53] - The group focuses on high-end customers and aims to expand its product range to include mobile and wearable device components to mitigate risks associated with customer concentration[73] Corporate Governance - The company has adopted a board diversity policy, considering factors such as gender, age, and professional experience to enhance board effectiveness[151] - The board consists of ten directors, including six executive directors and four independent non-executive directors, ensuring a diverse skill set and experience[135] - Independent non-executive directors make up at least one-third of the board, with a designated term of three years, ensuring compliance with independence guidelines[138] - The company has received annual confirmations of independence from its four independent non-executive directors, representing one-third of the board[96] - The company has adopted a standard code for securities trading by directors, confirming compliance with regulations up to December 31, 2024[133] Environmental and Social Responsibility - The company emphasizes environmental protection and has implemented monitoring systems to manage waste and pollution in its operations[77] - The company aims to integrate economic growth, environmental protection, and social responsibility into its business strategy to create sustainable value for stakeholders[129] - The company has established an environmental, social, and governance report to inform stakeholders about its sustainable development performance[78] Audit and Compliance - The audit opinion confirms that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2024[171] - The auditors assessed the appropriateness of the accounting policies and the reasonableness of accounting estimates made by the directors[181] - The audit involved understanding and evaluating the design and implementation of internal controls related to revenue recognition[177] - The Audit Committee held three meetings during the year ending December 31, 2024, to review the group's interim and annual performance, accounting principles, and internal controls[143] Employee Management - The total number of employees as of December 31, 2024, was 2,455, a decrease from 2,495 in the previous year, with total employee costs amounting to HKD 273,309,000, down from HKD 295,377,000[52] - The company’s employee compensation includes salaries and discretionary bonuses based on group performance and individual contributions[52] - The range of senior management compensation for the year ending December 31, 2024, was between HKD 1,000,001 and HKD 2,000,000[148] Future Outlook - The company is focused on revenue growth while prioritizing long-term stability and sustainable profitability as key strategic measures[53] - The company expects that the application of new standards will not have a significant impact on consolidated financial statements in the foreseeable future[194] - The company has no plans for market expansion or acquisitions mentioned in the provided documents[102]

Financial Performance - The group's revenue for the year ended December 31, 2024, was HKD 681,678,000, a decrease of 12.0% compared to HKD 774,727,000 in 2023[5] - The group's gross profit fell to HKD 109,444,000, down 51.2% from HKD 224,288,000 in the previous year, resulting in a gross margin of 16.1%, a decrease of 12.9 percentage points[8] - The group reported a net loss of HKD 20,329,000 for the year, compared to a profit of HKD 63,726,000 in 2023, with a basic loss per share of HKD 0.034[9] - The total capital expenditure contracted but not provided for was HKD 46,935,000, up from HKD 23,731,000 in 2023, indicating ongoing investment in infrastructure[23] - Pre-tax profit before losses was HKD 69,062,000 in 2024, down from HKD 86,285,000 in 2023, a decrease of 20.0%[39] - Tax expenses for the year 2024 were HKD 1,387,000, significantly lower than HKD 7,205,000 in 2023, a reduction of 80.7%[40] Revenue Breakdown - Revenue from watchbands and fashion accessories decreased by 28.9% and 30.7% respectively, while revenue from mobile phone frames and parts increased by 7.3%[6] - Revenue from mobile phone frames and parts increased to HKD 304,378,000 in 2024 from HKD 283,570,000 in 2023, representing a growth of 7.0%[36] - Revenue from smart wearable device frames and parts decreased to HKD 157,130,000 in 2024 from HKD 180,613,000 in 2023, a decline of 12.9%[36] - Revenue from the Chinese market was HKD 319,033,000 in 2024, down from HKD 335,253,000 in 2023, a decline of 4.3%[37] - Revenue from Switzerland decreased to HKD 177,555,000 in 2024 from HKD 253,505,000 in 2023, a decline of 30.0%[37] - Revenue from Vietnam increased significantly to HKD 40,389,000 in 2024 from HKD 7,764,000 in 2023, a growth of 419.5%[37] Assets and Liabilities - The group's inventory balance as of December 31, 2024, was HKD 64,244,000, an increase of 6.4% from HKD 60,358,000 in 2023, with an inventory turnover period of 39.8 days[16] - Trade receivables amounted to HKD 166,055,000, up from HKD 141,884,000 in the previous year, with a trade receivables turnover period of 82.7 days[17] - Trade payables increased to HKD 116,514,000 from HKD 85,776,000 in 2023, with a trade payables turnover period of 64.7 days[18] - As of December 31, 2024, the group's net current assets amounted to HKD 297,079,000, a decrease from HKD 381,265,000 as of December 31, 2023[19] - The total cash and bank balances were HKD 222,249,000, down from HKD 317,161,000 in the previous year, with 20.9% in HKD, 19.9% in RMB, and 59.1% in USD[19] - The total outstanding bank borrowings increased to HKD 67,783,000 from HKD 50,033,000, with 57,783,000 HKD due within one year[19] Dividends and Shareholder Returns - The group did not recommend the payment of a final dividend for the year ended December 31, 2024[5] - The company confirmed an interim dividend of HKD 0.5 per share for 2024, totaling HKD 3,000,000, while no final dividend was proposed for the year[44] - The interim dividend paid in October 2024 was 0.5 HK cents per ordinary share, down from 1.5 HK cents in 2023, resulting in a total dividend of 0.5 HK cents for the year[55] - The company did not repurchase or redeem any of its listed securities during the year ended December 31, 2024[52] Operational Challenges and Future Plans - The group faced challenges due to a slowdown in global demand for luxury personal goods, impacting sales across its product lines[4] - The group plans to enhance operational efficiency and resource allocation to ensure sustainable profitability amid global economic challenges[26] Employee and Cost Management - The total number of employees decreased to 2,455 from 2,495, with total employee costs amounting to HKD 273,309,000, down from HKD 295,377,000[25] - Total employee costs amounted to HKD 273,309,000 in 2024, compared to HKD 295,377,000 in 2023, reflecting a decrease of 7.5%[39] Financial Ratios and Metrics - The group's debt-to-asset ratio increased to 0.06 from 0.04, indicating a slight rise in leverage[21] - Financing costs decreased to HKD 2,866,000 in 2024 from HKD 4,271,000 in 2023, a reduction of 32.8%[38] Receivables and Overdue Accounts - The total trade and other receivables increased to HKD 231,926,000 in 2024 from HKD 181,219,000 in 2023, reflecting a growth of approximately 28%[45] - Trade receivables amounted to HKD 169,004,000 in 2024, up from HKD 142,768,000 in 2023, indicating an increase of about 18%[45] - As of December 31, 2024, overdue trade receivables amounted to HKD 79,016,000, compared to HKD 54,037,000 in 2023, showing an increase of approximately 46%[48] Reporting and Compliance - The preliminary annual performance announcement will be published on the company's website and the Hong Kong Stock Exchange website[56] - The annual report for the year ending December 31, 2024, will be presented to shareholders by the end of April 2025[56] - The financial figures in the preliminary announcement have been verified by Deloitte, but no opinion or guarantee has been provided regarding the summary[54]

小马智行2024年营收增长4.3%，盈利时间取决于 Robotaxi推出速度 自动驾驶公司的盈利能力成为关注焦点。 3月25日，小马智行(PONY.US)披露2024年第四季度及全年财报。2024年，小马智行营收达5.48亿元， 同比增长4.3%。小马智行2022年及2023年营收分别为4.72亿元和5.1亿元，连续三年实现营收增长。 具体业务方面，2024年，小马智行自动驾驶出行服务收入达5328万元。在Robotaxi业务，2024年第四季 度，小马智行与广汽埃安、北汽新能源分别达成Robotaxi量产合作，单季营收2.59亿元。 当前，自动驾驶公司仍处于待盈利状态。文远知行2024 年营收3.61亿元，较上年同期的4.02亿元下降 10%；净亏损25.17亿元，上年同期为净亏损19.49亿元。Mobileye 2024年营收同比下降20.4%至16.54亿 美元，净亏损达到30亿美元。 辰韬资本执行总经理刘煜冬表示，目前，机构看重的是自动驾驶公司自身实际的规模化商业应用进展， 以及在新技术变革下迅速调整和适应的能力。下一阶段，自动驾驶公司的盈利能力也是机构关注焦点。 刘煜冬认为："前几年自动驾驶企业的亏 ...

WINOX HOLDINGS LIMITED 盈利時控股有限公司 (於開曼群島註冊成立之有限公司) Stock Code 股份代號：6838 2024 INTERIM REPORT 中期報告 WINOX HOLDINGS LIMITED 盈利時控股有限公司 (於開曼群島註冊成立之有限公司) Stock Code 股份代號：6838 | --- | --- | |-------|-------| | | | | | | | | | | | 2024 | | | | 目錄 公司資料及重要日期 2 財務摘要 3 管理層討論及分析 4 簡明綜合財務報表審閱報告 8 中期財務資料 簡明綜合損益及其他全面收益表 9 簡明綜合財務狀況表 10 簡明綜合權益變動表 11 簡明綜合現金流量表 12 簡明綜合財務報表附註 13 企業管治及其他資料 24 公司資料及重要日期 | --- | --- | --- | |---------------------------------------------|--------------------------------------------------------------- ...

香港交易及結算所有限公司與香港聯合交易所有限公司對本公告的內容槪不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示槪不就因本公告全部或任何部份內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 1 WINOX HOLDINGS LIMITED 盈 利 時 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6838） 二零二四年中期業績 | --- | --- | |-------|-----------------------------------------------------------------------------| | | | | | 財務摘要 | | ⚫ | 本集團的收益達 322,245,000 港元，比去年同期下跌 16.1% 。 | | ⚫ | 本集團的毛利達 68,559,000 港元，比去年同期下跌 37.4% 。 | | ⚫ | 本集團的期內溢利為 9,255,000 港元，比去年同期下跌 67.0% 。 | | ⚫ | 每股基本盈利為 1.5 港仙，比去年同期下跌 68.1% 。 | | ⚫ | 董事會宣派截至二零二四年六月三十日止六個月的 ...

Financial Performance - Revenue for the fiscal year ended December 31, 2023, decreased by 32.6% to HKD 774,727,000 compared to HKD 1,149,762,000 in 2022[21] - Net profit for the same period fell by 43.3% to HKD 63,726,000, down from HKD 112,396,000 in 2022[21] - Basic earnings per share decreased by 43.3% to HKD 10.6, compared to HKD 18.7 in the previous year[21] - Gross profit for the year decreased by 26.6% to HKD 224,288,000, with a gross profit margin increase of 2.4 percentage points to 29.0%[54] - Administrative and other expenses decreased by 11.3% to HKD 112,291,000, primarily due to reduced salary and maintenance costs[33] - Research and development expenses decreased by 36.8% to HKD 29,670,000, mainly due to lower salary expenses[60] Revenue Breakdown - Revenue from mobile phone frames and parts dropped by 42.8% due to geopolitical tensions affecting customer orders[12] - Revenue from straps and fashion accessories declined by 21.7% and 44.0%, respectively, due to reduced demand for luxury goods[22] - Revenue from popular jewelry decreased by 44.0% to HKD 42,604,000, compared to HKD 76,105,000 in 2022[30] - Revenue from smart wearable device frames and parts decreased by 23.4% year-on-year[151] - For the year ended December 31, 2023, the group's revenue was distributed as follows: 31.3% in HKD, 27.1% in RMB, and 41.6% in USD, compared to 14.3%, 37.6%, and 48.1% respectively in 2022[97] Assets and Liabilities - The total assets as of December 31, 2023, were HKD 1,192,807,000, a decline of 9.4% from HKD 1,316,034,000 in 2022[8] - The total borrowings decreased significantly by 57.7% to HKD 50,033,000 from HKD 118,287,000 in 2022[8] - The group's trade receivables as of December 31, 2023, were HKD 141,884,000, down from HKD 186,982,000 in the previous year, with a turnover period of 77.5 days[36] - The group's cash and bank balances amounted to HKD 317,161,000, an increase from HKD 270,794,000 in 2022[37] - The group maintained a healthy liquidity position with net current assets of HKD 381,265,000 as of December 31, 2023, compared to HKD 364,795,000 in the previous year[37] - The total outstanding bank borrowings were HKD 50,033,000 as of December 31, 2023, significantly reduced from HKD 118,287,000 as of December 31, 2022, with 85.5% in HKD and 14.5% in RMB[95] - The group's debt-to-asset ratio was 0.04 as of December 31, 2023, down from 0.09 a year earlier[96] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.02 per share, down from HKD 0.05 in 2022, resulting in a total dividend of HKD 0.035 for the year[11] - As of December 31, 2023, the company's reserves available for distribution to shareholders were approximately HKD 334.9 million, slightly down from HKD 335.6 million in 2022[141] - The company has adopted a dividend policy aiming for a payout ratio of at least 30% of the profit attributable to shareholders for each financial year[142] Operational Strategies - The company plans to delay the completion of the first phase of its new factory to 2025 to conserve financial resources amid economic uncertainties[27] - The company emphasizes improving operational efficiency and resource utilization to enhance profitability and achieve sustainable growth amid global economic challenges, including escalating US-China trade sanctions and geopolitical tensions[71] - The group is committed to maintaining consistent and sustainable long-term profitability as a top priority while focusing on revenue enhancement[71] - The company is focusing on high-end customers and expanding its product range to include mobile and wearable devices to mitigate risks associated with economic downturns[148] Environmental and Social Responsibility - The group is committed to environmental protection and resource efficiency in its operations and decision-making processes[119] - The group has established environmental monitoring systems in its Chinese factories to ensure compliance with local environmental regulations[136] - The group emphasizes strict adherence to environmental laws and regulations, regularly monitoring its operational impact on the environment[120] - The group has implemented additional waste management measures for hazardous waste, ensuring proper disposal by qualified companies[121] - The company made charitable contributions totaling HKD 121,000 during the year, down from HKD 289,000 in the previous year[144] Governance and Compliance - The board consists of ten members, including six executive directors and four independent non-executive directors, ensuring a diverse governance structure[160] - The company established an Audit Committee on June 25, 2011, which is composed entirely of independent non-executive directors[166] - The Audit Committee reviews accounting policies and oversees the financial reporting process of the company[167] - The company held two meetings of the Remuneration Committee during the year ending December 31, 2023, to review and approve performance-linked bonus proposals[169] - The Nomination Committee held one meeting to review the structure, size, and composition of the board, assessing the independence of non-executive directors[171] - The company has a diversity policy for board members, which is reviewed annually to ensure its effectiveness[172] - The company’s governance structure includes a clear delineation of responsibilities among the board and its committees, ensuring compliance with applicable laws and regulations[168] - The company’s risk management and internal control systems are regularly reviewed for effectiveness, with recommendations made to improve identified weaknesses[177] Financial Reporting - The company has applied new Hong Kong Financial Reporting Standards and amendments effective from January 1, 2023, impacting the preparation of consolidated financial statements[199] - The company reported audit fees of HKD 1,618,000 for audit services and HKD 340,000 for non-audit services in the past three years[182] - The company is committed to timely communication with shareholders and investors through various platforms as outlined in its shareholder communication policy[181]

Financial Performance - The group's revenue for the year ended December 31, 2023, was HKD 774,727,000, a decrease of 32.6% compared to HKD 1,149,762,000 in 2022[9]. - The group's gross profit for the year was HKD 224,288,000, down 26.6% from HKD 305,581,000 in 2022, with a gross profit margin increase of 2.4 percentage points to 29.0%[12]. - The net profit for the year was HKD 63,726,000, representing a decline of 43.3% compared to the previous year[3]. - Total revenue for the year was HKD 774,727,000, with a gross profit of HKD 224,288,000 (2022: revenue HKD 1,149,762,000, gross profit HKD 305,581,000)[55]. - The company's net profit decreased by 43.3% to HKD 63,726,000 for the year (2022: HKD 112,396,000), with basic earnings per share also down by 43.3% to HKD 10.6 (2022: HKD 18.7)[38]. - Basic earnings per share for 2023 were HKD 63,726,000, a decrease of 43.3% from HKD 112,396,000 in 2022[120]. - The proposed final dividend is HKD 0.02 per share, significantly lower than the previous year's HKD 0.05 per share, totaling HKD 12 million compared to HKD 30 million last year[101]. - The total dividend proposed for the year ending December 31, 2023, is HKD 12,000,000, down from HKD 30,000,000 in 2022, reflecting a reduction in the final dividend per share from 5 HKD cents to 2 HKD cents[138]. Revenue Breakdown - Revenue from the watch bands decreased by 21.7% to HKD 267,940,000, while revenue from mobile phone frames and parts fell by 42.8% to HKD 283,570,000[34][10]. - Revenue from smart wearable device frames and parts decreased by 23.4% to HKD 180,613,000[35]. - The group's revenue from mobile phone frames and components decreased to HKD 283,570,000 in 2023 from HKD 495,553,000 in 2022, representing a decline of approximately 42.7%[66]. - Revenue from watch bands fell to HKD 267,940,000 in 2023, down from HKD 342,189,000 in 2022, a decrease of about 21.6%[66]. - The total revenue for the group in 2023 was HKD 774,727,000, compared to HKD 1,149,762,000 in 2022, indicating a decline of approximately 32.6%[66]. Cost and Expenses - The cost of sales for the year included direct material costs, which accounted for approximately 45.0% of total sales costs (2022: 51.4%)[39]. - Research and development expenses decreased by 36.8% to HKD 29,670,000 (2022: HKD 46,926,000), primarily due to reduced salary expenses[42]. - The cost of inventory recognized as an expense was HKD 541,246,000 in 2023, compared to HKD 832,634,000 in 2022, reflecting a decrease of approximately 34.9%[69]. - The company reported a decrease in employee costs to HKD 295,377 million from HKD 402,862 million, reflecting a cost reduction strategy[118]. Assets and Liabilities - As of December 31, 2023, the group's inventory balance was HKD 60,358,000, a decrease of 34.6% from HKD 92,311,000 in 2022[21]. - The group's trade receivables as of December 31, 2023, were HKD 141,884,000, down from HKD 186,982,000 in 2022[22]. - The total assets less current liabilities amounted to HKD 1,011,947,000 (2022: HKD 1,014,638,000)[56]. - The company’s total equity was HKD 1,008,710,000 (2022: HKD 1,011,924,000)[56]. - The total liabilities decreased to HKD 126,942 million from HKD 176,249 million, indicating a reduction of approximately 28%[106]. - The group’s asset-liability ratio was 0.04 as of December 31, 2023 (2022: 0.09)[49]. Financing and Cash Flow - The financing costs for the year were HKD 4,271,000, a decrease of 26.1% from HKD 5,779,000 in 2022, mainly due to a reduction in average bank borrowings[18]. - The group reported a total interest expense of HKD 4,271,000 in 2023, down from HKD 5,779,000 in 2022, a reduction of about 26.0%[68]. - As of December 31, 2023, the group's total outstanding bank borrowings amounted to HKD 50,033,000, significantly reduced from HKD 118,287,000 in 2022, a decrease of about 57.7%[74]. - The group had available undrawn bank financing totaling HKD 201,452,000 as of December 31, 2023, compared to HKD 195,569,000 in 2022, an increase of approximately 3.0%[75]. - Trade payables decreased to HKD 85,776 million from HKD 110,616 million, indicating improved cash flow management[106]. Operational Changes - The group decided to delay the completion of the first phase of the new factory to 2025 to conserve financial resources in response to global economic challenges[8]. - The total number of employees decreased to 2,495 in 2023 from 3,301 in 2022, a reduction of about 24.4%[79]. - The company plans to apply for a 200% tax deduction on eligible R&D expenses, which may positively impact future profitability[98]. - The company aims to improve operational efficiency and resource utilization to enhance profitability and achieve sustainable growth amid global economic challenges[54]. Trade Receivables Management - The company's trade receivables amounted to HKD 141,884 million, down from HKD 186,982 million in the previous year, reflecting a reduction of approximately 24%[102]. - Trade receivables as of January 1, 2022, amounted to HKD 490,460,000, with overdue trade receivables at HKD 54,037,000 as of December 31, 2023, down from HKD 95,338,000 in 2022[124][127]. - The company reported overdue trade receivables of HKD 5,953,000 for over 90 days, significantly reduced from HKD 17,020,000 in 2022[127]. - The total amount of trade receivables overdue between 31 to 60 days decreased to HKD 57,075,000 in 2023 from HKD 74,685,000 in 2022[126]. - The total trade payables for 2023 were HKD 85,776,000, a decrease from HKD 110,616,000 in 2022[130]. Compliance and Governance - The company has adhered to all applicable corporate governance codes throughout the year[132]. - The group expects no significant impact on the consolidated financial statements from the application of the revised Hong Kong Financial Reporting Standards in the foreseeable future[64].

Financial Performance - Revenue for the six months ended June 30, 2023, decreased by 30.7% to HKD 384,233,000 compared to HKD 554,521,000 in the same period last year[12] - Net profit for the period decreased by 23.7% to HKD 28,013,000, with basic earnings per share dropping by 23.0% to HKD 4.7[14] - Gross profit fell by 14.7% to HKD 109,534,000, with a gross margin increase of 5.3 percentage points to 28.5% due to RMB depreciation and cost reduction measures[14] - Profit before tax decreased to HKD 32,258,000, a decline of 26.1% from HKD 43,667,000 in the previous year[66] - The company's profit before tax for the six months ended June 30, 2023, was HKD 3,614,000, compared to HKD 3,429,000 for the same period in 2022, representing an increase of approximately 5.4%[102] Revenue Breakdown - The revenue from smart wearable device frames and components increased by 28.2% to HKD 124,577,000 compared to HKD 97,204,000 in the previous year[23] - Revenue from watch bands decreased by 30.2% to HKD 123,796,000, while revenue from fashion jewelry fell by 58.3% to HKD 21,153,000[46] - Revenue from mobile phone frames and parts decreased to HKD 114,707,000 from HKD 229,380,000, a decline of 50.0%[98] - Revenue from China was HKD 190,696,000, down 18.7% from HKD 234,595,000 in the previous year[100] - Revenue from smart wearable device frames and parts was HKD 124,577,000, up 28.2% from HKD 97,204,000 in the previous year[98] Expenses and Costs - Administrative and other expenses decreased by 14.6% to HKD 55,710,000, primarily due to reduced salaries and maintenance costs[26] - Employee costs, including director remuneration, amounted to HKD 156,983,000, down 29.2% from HKD 221,552,000 in 2022[34] - R&D expenses decreased by 13.6% to HKD 17,513,000, mainly due to reduced salaries[52] - Direct material costs decreased by 44.0% to HKD 116,107,000 from HKD 207,054,000[130] - Direct labor costs decreased by 32.7% to HKD 111,303,000 from HKD 165,357,000[130] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 1,181,580,000, a decrease of 10.2% from HKD 1,316,034,000[9] - Current liabilities decreased to HKD 210,896,000 from HKD 301,396,000, indicating a reduction of 30.0%[67] - Total borrowings decreased by 40.4% to HKD 70,466,000 from HKD 118,287,000[9] - Trade receivables amounted to HKD 142,656,000, down from HKD 186,982,000 as of December 31, 2022, with a turnover period of 77.6 days[56] - The total trade receivables as of June 30, 2023, amounted to HKD 246,537,000, down from HKD 302,431,000 at the end of 2022, reflecting a decrease of about 18.5%[119] Cash Flow and Financing - The net cash generated from operating activities was HKD 95,315,000, significantly lower than HKD 213,599,000 for the same period last year, reflecting a decrease of 55.3%[94] - The company reported a net cash outflow from investing activities of HKD 34,993,000, compared to HKD 37,887,000 in the previous year[94] - Cash and cash equivalents were HKD 246,862,000, down from HKD 270,794,000, a decrease of 8.8%[67] - The company has an outstanding loan amount of approximately HKD 48,083,000 and available undrawn facilities of HKD 132,000,000[166] - The company entered into a bank financing agreement for a revolving loan of USD 1,000,000 and a term loan of HKD 150,000,000, with the term loan to be repaid in 60 equal monthly installments starting one month after drawdown[165] Corporate Governance and Shareholder Information - The company has complied with all applicable corporate governance codes during the six-month period ending June 30, 2023[189] - The company is committed to maintaining high levels of corporate governance to enhance transparency and accountability, benefiting shareholder interests[200] - As of June 30, 2023, Mr. Yao Hanming holds a 60% beneficial ownership in Ming Fung Group (Hong Kong) Limited, which directly owns approximately 95.45% of Ming Fung Investment Limited, and Ming Fung Investment Limited holds 396,000,000 shares of the company, representing 66% of the total issued share capital[158] - The company has established a nomination committee consisting of four independent non-executive directors and one executive director[170] - The company emphasizes the importance of effective two-way communication with the financial community and stakeholders to enhance shareholder value[168]

香港交易及結算所有限公司與香港聯合交易所有限公司對本公告的內容槪不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示槪不就因本公告全部或任何部份內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 WINOX HOLDINGS LIMITED 盈 利 時 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6838） 二零二三年中期業績 財務摘要 ⚫ 本集團的收益達384,233,000港元，比去年同期下跌30.7%。 ⚫ 本集團的毛利達109,534,000港元，比去年同期下跌14.7%。 ⚫ 本集團的期內溢利為28,013,000港元，比去年同期下跌23.7%。 ⚫ 每股基本盈利為4.7港仙，比去年同期下跌23.0%。 ⚫ 董事會宣派截至二零二三年六月三十日止六個月的中期股息每股普通股 1.5 港仙。 ...