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]

Financial Performance - The company's revenue for the fiscal year ending December 31, 2022, decreased by 17.0% to HKD 1,149,762,000 compared to HKD 1,385,113,000 in 2021[19] - Net profit increased by 19.0% to HKD 112,396,000, up from HKD 94,419,000 in the previous year[19] - Basic earnings per share rose by 19.1% to HKD 0.187, compared to HKD 0.157 in 2021[19] - Gross profit increased by 2.9% to HKD 305,581,000, with a gross margin improvement of 5.2 percentage points to 26.6%[34] - The proposed final dividend for the year ending December 31, 2022, is HKD 0.05 per ordinary share, totaling approximately HKD 30 million, an increase from HKD 0.03 per share in 2021[97] Revenue Breakdown - Revenue from watch bands and fashion jewelry decreased by 9.2% and 4.6%, respectively, while revenue from mobile phone frames and components fell by 12.7%[20] - Revenue from smart wearable device frames and components dropped significantly by 34.7%[20] - Revenue for the year was denominated in HKD (14.3%), RMB (37.6%), and USD (48.1%), reflecting a shift from the previous year's distribution[54] - The company reported a total revenue for the year ending December 31, 2022, with major customers accounting for approximately 26.4% and 71.0% of total revenue, respectively[89] Assets and Liabilities - Total assets as of December 31, 2022, amounted to HKD 1,316,034,000, a decrease of 18.3% from the previous year[12] - The company's net asset value was HKD 1,011,924,000, reflecting a 1.1% increase year-on-year[12] - The total outstanding bank borrowings as of December 31, 2022, were HKD 118,287,000, down from HKD 258,234,000 a year earlier, with 71.9% of these borrowings subject to floating interest rates[53] - The group's debt-to-asset ratio was 0.09 as of December 31, 2022, a decrease from 0.16 the previous year[54] - As of December 31, 2022, the group's net current assets amounted to HKD 364,795,000, an increase from HKD 306,373,000 as of December 31, 2021[52] Operational Efficiency - The company maintained stable operations despite production facility closures due to the COVID-19 pandemic[22] - The company decided to slow down its expansion plans, postponing the completion of the first phase of a new factory to 2024 to conserve financial resources[28] - The group aims to enhance operational efficiency and resource utilization to improve profitability and ensure sustainable growth amid economic uncertainties in 2023[59] - Employee costs for the year amounted to HKD 402,862,000, down from HKD 456,323,000 in the previous year, with a total employee count of 3,301 as of December 31, 2022[58] Research and Development - Research and development expenses increased by 28.9% to HKD 46,926,000, primarily due to salary increases[44] - The company is investing in new technology development, allocating $E million towards R&D initiatives aimed at enhancing operational efficiency[66] Governance and Compliance - The board of directors is responsible for formulating the overall strategic direction of the group and monitoring its performance[126] - The company has adhered to the principles of the Corporate Governance Code throughout the year ending December 31, 2022[144] - The audit committee held four meetings during the year to review the group's interim and annual performance, accounting principles, and internal controls[153] - The company has confirmed that all independent non-executive directors meet the independence criteria as per Listing Rule 3.13[129] Risk Management - The group has established a risk management framework to identify and manage risks associated with its business strategies and objectives[181] - The audit committee reviews the effectiveness of the risk management and internal control systems at least annually, covering all significant controls including financial, operational, and compliance[182] - The company has been actively monitoring economic, political, and legal developments in China to manage operational risks[90] Sustainability and Social Responsibility - The management team emphasized a commitment to sustainability, with initiatives expected to reduce operational carbon footprint by J%[66] - The company has implemented environmental protection measures in its Chinese factories, including waste monitoring systems and energy-efficient lighting[94] - During the year, the group made charitable and other donations amounting to HKD 289,000, down from HKD 324,000 in 2021[100] Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[66] - New product launches are anticipated to contribute an additional $C million in revenue, with a focus on expanding the product line in the D market[66] - Market expansion efforts are underway, with plans to enter the E region, targeting a market size of $F billion[66] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the G sector[66]

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） 二零二二年全年業績 財務摘要 ⚫ 本集團的收益達1,149,762,000港元，下跌17.0%。 ⚫ 本集團的毛利達305,581,000港元，上升2.9%。 ⚫ 本集團的年內溢利為112,396,000港元，上升19.0%。 ⚫ 每股基本盈利為18.7港仙，上升19.1%。 ⚫ 董事會建議就截至二零二二年十二月三十一日止年度派付期末股 息每股普通股5港仙。 ...

Financial Performance - Revenue for the six months ended June 30, 2022, increased by 3.5% to HKD 554,521,000 compared to HKD 536,010,000 in the same period last year[9]. - Gross profit rose by 26.2% to HKD 128,436,000, with a gross margin increase of 4.2 percentage points to 23.2%[15]. - Profit for the period surged by 121.7% to HKD 36,724,000, with basic earnings per share increasing by 117.9% to HKD 6.1 cents[15]. - Total revenue for the six months ended June 30, 2022, was HKD 554,521,000, an increase from HKD 536,010,000 in the same period of 2021, representing a growth of approximately 3.8%[39]. - Gross profit for the same period was HKD 128,436,000, compared to HKD 101,803,000 in 2021, reflecting a significant increase of about 26.2%[39]. - The net profit for the six months ended June 30, 2022, was HKD 36,724,000, up from HKD 16,565,000 in 2021, indicating a growth of approximately 121.5%[39]. - The company reported a basic earnings per share of 6.1 HK cents for the period, compared to 2.8 HK cents in the previous year, marking an increase of 117.9%[39]. Revenue Breakdown - Revenue from watch bands grew by 10.1% to HKD 177,258,000, while revenue from fashion jewelry increased by 80.6% to HKD 50,679,000[13]. - Revenue from mobile phone frames and parts slightly decreased by 0.7% to HKD 229,380,000, and revenue from smart wearable device frames and parts fell by 16.1% to HKD 97,204,000[13]. - Revenue from the Chinese market decreased to HKD 234,595,000 from HKD 281,240,000, while revenue from Switzerland increased to HKD 164,002,000 from HKD 154,768,000[55]. Assets and Liabilities - Total assets as of June 30, 2022, were HKD 1,331,598,000, a decrease of 17.3% from HKD 1,610,090,000[9]. - Current liabilities decreased to HKD 352,072,000 from HKD 604,548,000 at the end of 2021, representing a reduction of about 41.7%[41]. - The total equity as of June 30, 2022, was HKD 976,686,000, down from HKD 1,001,099,000 at the end of 2021, indicating a decrease of approximately 2.4%[41]. - The company's debt-to-asset ratio was 0.09 as of June 30, 2022, down from 0.16 as of December 31, 2021[29]. Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 213,599,000 for the six months ended June 30, 2022, compared to a net cash outflow of HKD 9,725,000 in the same period last year[46]. - The company incurred a net cash outflow from investing activities of HKD 37,887,000, an improvement from HKD 69,086,000 in the prior year[46]. - Financing activities resulted in a net cash outflow of HKD 142,890,000, compared to a net cash inflow of HKD 65,328,000 in the same period last year[46]. Expenses and Costs - Employee costs for the period amounted to HKD 221,552,000, up from HKD 194,451,000 in 2021, which is an increase of about 14%[34]. - Research and development expenses increased by 54.2% to HKD 20,279,000, up from HKD 13,150,000 in the previous year[23]. - Financing costs rose by 105.1% to HKD 3,408,000, compared to HKD 1,662,000 in the previous year, mainly due to an increase in average bank borrowings[23]. Governance and Shareholding - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange rules throughout the six months ending June 30, 2022[88]. - The board of directors includes key executives such as the chairman, vice-chairman, and managing director, with a total of six executive directors and four independent non-executive directors[88]. - As of June 30, 2022, the company’s major shareholders include Mr. Yao Hanming and Ms. Luo Huiping, each holding approximately 66.34% of the total issued share capital[95]. - The company’s governance structure is designed to enhance transparency and accountability, ultimately benefiting shareholders[88]. Future Outlook - The company maintained a cautious optimism for the second half of 2022, focusing on improving operational efficiency and sustainable growth despite economic challenges[35]. - The company plans to continue discussions with local government authorities regarding the construction land indicators for a new production facility in Huizhou, China, indicating ongoing market expansion efforts[71].

Financial Performance - For the fiscal year ended December 31, 2021, the company reported revenue of HKD 1,385,113,000, representing a 16.6% increase from HKD 1,187,440,000 in 2020[6]. - Gross profit for the same period was HKD 297,101,000, up 23.7% from HKD 240,161,000 in the previous year[6]. - Net profit for the year was HKD 94,419,000, a slight decrease of 1.7% compared to HKD 96,085,000 in 2020[6]. - Basic and diluted earnings per share were HKD 15.7, with a total dividend of HKD 3.5 per share, including a final dividend of HKD 3[6]. - Total assets as of December 31, 2021, were HKD 1,610,090,000, an increase of 30.5% from HKD 1,233,858,000 in 2020[6]. - The company’s total borrowings amounted to HKD 258,234,000, with a debt-to-asset ratio of 0.16[6]. - The net asset value per share was HKD 1.67, with a return on equity of 9.4%[6]. - Revenue from watch bands and fashion accessories surged by 78.0% and 55.6%, reaching HKD 376,687,000 and HKD 79,765,000 respectively[16][19]. - Revenue from mobile phone frames and parts decreased by 12.8% to HKD 567,465,000, down from HKD 650,760,000 in the previous year[17]. - Revenue from smart wearable device frames and parts rose by 31.9% to HKD 361,196,000, compared to HKD 273,801,000 in 2020[18]. - Gross profit increased by 23.7% to HKD 297,101,000, with a gross profit margin of 21.4%, up from 20.2% in the previous year[22]. - Net profit for the year decreased by 1.7% to HKD 94,419,000, with basic earnings per share falling by 1.9% to HKD 0.157[22]. Operational Strategy - The company aims to enhance product quality and customer service to meet market demands[10]. - Future outlook includes potential market expansion and new product development strategies[10]. - The company plans to maintain competitive pricing while ensuring timely delivery of products[10]. - The company plans to complete the construction of a new factory building in phases starting in early 2023, with a total loan of HKD 150,000,000 secured for this project[14]. - The company maintains confidence in the future development of its smart wearable device segment despite ongoing chip shortages expected to continue into 2022[14]. - The company is committed to improving operational efficiency and resource utilization to enhance profitability and achieve sustainable growth[45]. Financial Position and Assets - Total direct material costs were HKD 591,960,000, up from HKD 540,837,000, while direct labor costs rose to HKD 363,624,000 from HKD 298,054,000[29]. - Inventory balance increased by 14.1% to HKD 134,670,000, driven by an increase in work-in-progress[33]. - Trade receivables rose to HKD 358,855,000 from HKD 251,950,000, with a turnover period of 80.5 days[34]. - Trade payables increased to HKD 251,627,000 from HKD 193,759,000, with a turnover period of 74.7 days[35]. - Net current assets were HKD 306,373,000, up from HKD 269,173,000, with cash and bank balances of HKD 207,002,000[38]. - Total bank borrowings increased significantly to HKD 258,234,000 from HKD 72,493,000, with 49.2% at floating rates[39]. - The company's capital expenditure commitments amounted to HKD 30,100,000, up from HKD 21,988,000, primarily related to property and equipment acquisitions[41]. - Cash and cash equivalents at year-end were HKD 207,002 thousand, up from HKD 174,638 thousand in the previous year, showing improved liquidity[186]. - The company’s total equity rose to HKD 1,001,099 thousand, compared to HKD 899,850 thousand in 2020, reflecting a strong capital position[186]. Shareholder Information - As of December 31, 2021, the reserves available for distribution to shareholders were approximately HKD 338,032,000, down from HKD 361,847,000 in 2020[79]. - The board proposed a final dividend of HKD 0.03 per ordinary share for the year ended December 31, 2021, totaling approximately HKD 18,000,000, the same as in 2020[78]. - The group’s largest and five largest customers accounted for approximately 25.7% and 74.5% of total revenue for the year ended December 31, 2021, respectively, compared to 18.1% and 65.2% in 2020[70]. - The company has adopted a dividend policy targeting a payout ratio of at least 40% of the profit attributable to shareholders for each financial year[80]. - The company has a strong ownership structure with significant control held by its directors and their related entities[105]. Governance and Compliance - The board of directors consists of four independent non-executive directors, accounting for one-third of the board[90]. - The company received annual confirmation letters regarding the independence of its directors as per the listing rules[90]. - The company has a non-competition agreement in place with its controlling shareholders, ensuring compliance throughout the year[91]. - The company has adopted corporate governance policies in line with the corporate governance code and has complied with all applicable provisions[129]. - The board consists of ten members, including six executive directors and four independent non-executive directors, ensuring a balanced governance structure[133]. - The independent non-executive directors represent at least one-third of the board, meeting the independence criteria set forth in the listing rules[139]. - The company has implemented a robust internal control system and risk management procedures[136]. - The audit committee assists the board in fulfilling its responsibilities regarding risk management and internal control systems, reviewing their effectiveness at least annually[155]. Risk Management - The financial condition, operating performance, and business outlook of the group may be affected by various identified risks and uncertainties[68]. - The group has maintained a prudent treasury policy, including holding cash in Hong Kong, to manage risks associated with its operations in China[71]. - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against significant misstatements or losses[153]. - The board of directors has reviewed the effectiveness of the group's risk management and internal control systems and considers them effective and adequate[158]. Audit and Financial Reporting - The company has appointed Deloitte as its independent auditor for the fiscal year[127]. - The independent auditor's fees for the year ending December 31, 2021, amounted to HKD 1,530,000 for audit services and HKD 330,000 for non-audit services[163]. - The financial statements for the year ending December 31, 2021, have been prepared in accordance with Hong Kong Financial Reporting Standards[165]. - The group has applied the revised Hong Kong Financial Reporting Standards for the first time, effective from January 1, 2021, with no significant impact on the financial statements[195].

WINOX HOLDINGS LIMITED 盈利時控股有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：6838 INTERIM REPORT 2021 中期報告 WINOX HOLDINGS LIMITED 盈利時控股有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：6838 INTERIM REPORT 2021 中期報告 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 9 中期財務資料 | --- | --- | |---------------------------------|-------| | | | | 簡明綜合損益及其他全面收益表 10 | | | 簡明綜合財務狀況表 11 | | | 簡明綜合權益變動表 12 | | | 簡明綜合現金流量表 13 | | ...

盈利時控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號 : 6838 2020 年報 目錄 | --- | --- | |------------------------------|-------| | | | | 公司資料及重要日期 | | | 財務摘要 | | | 主席報告書 | | | 管理層討論及分析 | | | 董事、高級管理人員及公司秘書 | | | 董事會報告 | | | 企業管治報告 | | | 獨立核數師報告 | | | 綜合損益及其他全面收益表 | | | 綜合財務狀況表 | | | 綜合權益變動表 | | | 綜合現金流量表 | | | 綜合財務報表附註 | | | 五年財務概要 | | 2 3 4 6 11 15 26 35 39 40 41 42 43 84 公司資料及重要日期 | --- | --- | --- | --- | |---------------------------|----------------------------------------|-------|--------------------------------------------| ...

WINOX HOLDINGS LIMITED 盈利時控股有限公司 WINOX HOLDINGS LIMITED 盈利時控股有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：6838 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：6838 2020 2020 INTERIM REPORT 中期報告 INTERIM REPORT 中期報告 目錄 公司資料 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 9 中期財務資料 簡明綜合損益及其他全面收益表 10 簡明綜合財務狀況表 11 簡明綜合權益變動表 12 簡明綜合現金流量表 13 簡明綜合財務報表附註 14 企業管治及其他資料 24 公司資料 董事會 姚漢明（主席） 姚達星（副主席） 李展強（董事總經理） 羅惠萍 周錦榮（財務董事） 姚浩婷 歐偉明* 溫嘉旋* 黃 ...