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 ...

Financial Performance - The company's revenue for the fiscal year ended December 31, 2019, was HKD 1,210,334,000, an increase of 7.2% compared to HKD 1,128,653,000 in 2018[11] - The net profit for the same period was HKD 138,396,000, down 10.2% from HKD 154,126,000 in 2018, with basic earnings per share decreasing to 27.7 HK cents from 30.8 HK cents[11] - Gross profit decreased by 0.6% to HKD 306,959,000, with a gross margin decline of 2.0 percentage points to 25.4%[24] - Net profit for the year fell by 10.2% to HKD 138,396,000, down from HKD 154,126,000 in 2018[24] - Total revenue for 2019 was HKD 1,210,334 thousand, an increase of 7.2% from HKD 1,128,653 thousand in 2018[181] - Gross profit for 2019 was HKD 306,959 thousand, slightly down from HKD 308,694 thousand in 2018, resulting in a gross margin of 25.4%[181] - Net profit for the year was HKD 138,396 thousand, compared to HKD 154,126 thousand in 2018, reflecting a decrease of 10.2%[181] - Earnings per share (basic) decreased to HKD 27.7 cents from HKD 30.8 cents in 2018, a decline of 10.7%[181] Dividends - The total dividend for the year was 8 HK cents per share, a decrease from 14.5 HK cents in 2018, including an interim dividend of 5 HK cents[12] - The proposed final dividend for the year ended December 31, 2019, is HKD 0.03 per share, down from HKD 0.085 per share in 2018, resulting in a total dividend of HKD 0.08 per share for the year[79] - The company paid dividends totaling HKD 67,500 thousand in 2019, compared to HKD 65,000 thousand in 2018, an increase of 3.8%[190] - The board has adopted a dividend policy targeting a payout ratio of at least 40% of the profit attributable to shareholders for each financial year[81] Revenue Segments - The new product segment of smart wearable devices generated sales of HKD 156,719,000, with the main products being smart watch cases and components[13] - The mobile phone case and components segment achieved sales of HKD 589,104,000, an increase of 18.9% compared to the previous year[13] - The sales of watch bands decreased by 33.8% compared to the previous year[13] - The fashion jewelry and leather goods accessories segment, now renamed as trendy accessories, saw a sales increase of 13.2% compared to the previous year[13] - The sales of smart wearable device frames and parts reached HKD 156,719,000, a 72.1 times increase from HKD 2,174,000 in 2018[24] - The revenue from mobile phone frames and parts rose by 18.9% to HKD 589,104,000, up from HKD 495,437,000 in 2018[22] - The revenue from fashion jewelry increased by 13.2% to HKD 112,448,000, compared to HKD 99,341,000 in 2018[23] - The revenue from straps decreased by 33.8% to HKD 352,063,000, down from HKD 531,701,000 in 2018[20] Assets and Liabilities - Total assets as of December 31, 2019, were HKD 1,110,774,000, with total liabilities of HKD 70,494,000 and net assets of HKD 760,434,000[5] - The group's current assets net value as of December 31, 2019, was HKD 235,477,000, down 12.7% from HKD 269,788,000 in 2018[37] - The group had cash and bank balances of HKD 137,292,000 as of December 31, 2019, a decrease of 42.6% from HKD 239,478,000 in the previous year[37] - The total outstanding secured bank borrowings as of December 31, 2019, was HKD 70,494,000, an increase of 34.9% from HKD 52,250,000 in 2018[38] - The group's trade receivables amounted to HKD 264,090,000, an increase of 72.5% from HKD 153,243,000 as of December 31, 2018[33] - The group's trade payables as of December 31, 2019, were HKD 173,141,000, up 69.5% from HKD 102,206,000 in the previous year[34] - The group's inventory as of December 31, 2019, totaled HKD 133,345,000, a significant increase of 78.1% from HKD 74,804,000 in 2018[35] - Inventory balance as of December 31, 2019, was HKD 133,345,000, a 78.3% increase from HKD 74,804,000 in 2018[32] Operational Efficiency and Strategy - The company plans to invest in the growth of the smart wearable device segment to capture future market opportunities[13] - The company’s operating efficiency is highlighted as a key factor for long-term sustainable development[15] - The company aims to leverage its expertise in premium steel products to explore long-term growth opportunities amid economic uncertainties[14] - The company is committed to improving operational efficiency and utilizing resources to enhance profitability, aiming for sustainable growth[46] Governance and Compliance - The company’s board of directors includes a mix of executive and independent non-executive members, ensuring governance and oversight[85] - The company has adopted corporate governance practices in compliance with the applicable code provisions, with some deviations noted[123] - The independent auditor, Deloitte, was appointed for the year, and a resolution will be proposed at the annual general meeting for their reappointment[121] - The company has established internal control and risk management systems to ensure compliance with legal and regulatory requirements[129] - The board emphasizes the development of corporate governance and internal control systems as part of its strategic oversight[128] - The audit committee, composed entirely of independent non-executive directors, held four meetings in the fiscal year to review financial performance and internal controls[139] - The remuneration committee, which includes four independent non-executive directors, held one meeting to review performance-linked bonuses and executive compensation[140] - The company has purchased liability insurance for directors and senior management to protect against legal actions arising from corporate activities[130] Market and Economic Conditions - The global economic and trade activities faced significant disruptions due to the COVID-19 pandemic, with central banks lowering interest rates to boost liquidity[46] - The company plans to focus on high-end steel products and expand its product range to include mobile and wearable device accessories to mitigate risks associated with economic downturns[70] Shareholder Information - The total number of ordinary shares held by major shareholders includes Ming Fung Investment Limited and Ming Fung Group (Hong Kong) Limited, each holding approximately 330,000,000 shares, representing 66% of the total issued share capital[108] - The executive directors, including Yao Hanming and Luo Huiping, collectively own 66.34% of the company's issued share capital through controlled corporations[102] - Major shareholders include Shengxiong Holdings Limited, which holds 42,500,000 shares, accounting for 8.5% of the total issued share capital[108] - The company has a significant concentration of ownership, with the top two shareholders controlling 66.34% of the shares[102] - The company maintained a sufficient public float, with at least 25% of the total issued share capital held by the public[117] Environmental and Social Responsibility - The company has implemented environmental protection measures, including energy-efficient lighting and waste management systems, to comply with local regulations[76] - The company made charitable contributions totaling HKD 267,000 during the year, compared to HKD 174,000 in 2018[82]

WINOX 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 201 9 INTERIM REPORT 告 前 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 10 中期財務資料 簡明綜合損益及其他全面收入表 11 簡明綜合財務狀況表 12 簡明綜合權益變動表 13 簡明綜合現金流量表 14 簡明綜合財務報表附註 15 企業管治及其他資料 28 公司資料及重要日期 | --- | --- | |------------------------------|-------| | | | | 歐偉明 （副主席） * 羅惠萍 | | | （財務董事） | | | 周錦榮 李展強 | | | 姚浩婷 姚達星 溫嘉旋 * | | | 黃龍德 * 胡銘霖 * | | * 獨立非執行董事 審核委員會 黃龍德（主席） 歐偉明 溫嘉旋 胡銘霖 薪酬委員會 黃龍德（主席） 姚漢 ...

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 2 018年 報 目錄 公司資料及重要日期 2 | --- | |------------------------------| | | | | | 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 | 3 4 6 11 14 25 34 38 39 40 41 42 84 公司資料及重要日期 | --- | --- | --- | --- | |---------------------------------------|-----------------------------------------------|-------|---------------------------------------------------------------------- ...