Financial Performance - The company reported significant progress in operating its IDC business with optimized operational costs and capital management, reflecting a strong financial performance for the fiscal year ending December 31, 2024[6]. - Revenue for the fiscal year 2024 was HKD 189.0 million, a decrease of 1.6% from HKD 192.6 million in 2023[23]. - The operating loss for 2024 improved to HKD 56.7 million from HKD 131.0 million in 2023, indicating a significant reduction in losses[23]. - The net loss attributable to shareholders for 2024 was HKD 61.97 million, down from HKD 113.65 million in 2023[23]. - The information appliance business recorded revenue of HKD 134.2 million in 2024, a decline of 11.9% compared to the previous fiscal year[28]. - The IDC business generated revenue of HKD 54.8 million in 2024, an increase of 38.5% from 2023, turning a loss into a profit of HKD 23.7 million[30]. - Total revenue slightly decreased by 1.8% to HKD 189.0 million in FY2024, down from HKD 192.6 million in FY2023, primarily due to a decline in demand for set-top boxes in the information home appliance business[37]. - Gross profit increased by 23.0% or HKD 12.3 million to HKD 66.0 million in FY2024, attributed to increased rental income from IDC business[37]. - The investment segment recorded a net gain of HKD 38.3 million, a decrease of 29.4% from HKD 54.2 million in the previous year[32]. - The group recorded a net gain of HKD 72.6 million in other income and net gains, a 20.1% increase from HKD 60.5 million in FY2023, mainly from cryptocurrency sales[38]. - The group recorded a foreign exchange net loss of HKD 0.2 million for the year, compared to a loss of HKD 2.0 million in the previous fiscal year[69]. - The group recorded a loss attributable to owners of the company of HKD 62.0 million in fiscal year 2024, a significant reduction of 45.5% from HKD 113.7 million in fiscal year 2023[48]. Economic and Market Conditions - The domestic economic recovery in China stabilized during the fiscal year 2024, supported by multiple government stimulus measures, positively impacting the leasing business with tangible asset returns[7]. - The investment business performed strongly, bolstered by the appreciation of the securities and digital asset portfolio, with digital assets achieving historical highs due to strong recognition from the U.S. government[7]. - AI demand is expected to continue growing, with the emerging data center market anticipated to provide scalable solutions driven by renewable energy and supportive digitalization policies[9]. - The company is closely monitoring macroeconomic challenges and regulatory changes, conducting portfolio reviews of non-listed equity investments to maintain resilience in uncertain economic conditions[7]. - The company acknowledges the increasing importance of AI in driving growth and recognizes the potential adverse impacts of protectionism on its strategic business layout[6]. Operational Strategies and Future Plans - The company is focusing on developing new product lines as a key priority for the upcoming year, addressing structural inefficiencies and implementing cost plans for financial benefits and business sustainability[8]. - The company plans to explore opportunities in cloud services to meet the growing demand driven by advancements in AI technology[31]. - The company aims to maintain positive profitability while controlling asset depreciation risks and demonstrating good cost efficiency[7]. - The company is committed to effective risk management amidst global economic uncertainties, focusing on diversification and growth opportunities[11]. Risk Management and Compliance - The company has taken various measures to recover overdue loans and receivables, including legal actions against overdue borrowers[45]. - The group has not received any repayments of principal or interest from borrowers as of the report date[56][57][58]. - The group maintains a prudent treasury policy to minimize credit risk through continuous credit assessments of clients[52]. - The group has issued demand letters to independent third-party borrowers for the repayment of all outstanding loan principal and accrued interest, but has not received any repayments as of the report date[59]. - The group has established important risk management processes to ensure effective risk management and internal control systems[179]. - The board is responsible for maintaining a robust and effective risk management and internal control system to protect the group's assets and shareholders' interests[178]. Corporate Governance - The board of directors consists of both executive and independent non-executive members, ensuring a diverse governance structure[103]. - The board is responsible for overseeing the group's overall strategy, financial performance, and risk management[148]. - The board meets at least four times a year to review the group's financial performance and significant investments[154]. - All independent non-executive directors have confirmed their independence according to GEM listing rules, ensuring proper governance[151]. - The company has established a formal and transparent process for the appointment and re-election of directors, with a three-year service agreement for executive directors[156][157]. - The company has adopted principles for determining director and employee compensation, ensuring it reflects performance and responsibilities[110]. - The company has mechanisms in place to seek external independent professional advice to assist the board in fulfilling its duties[149]. Shareholder Relations - The company expresses gratitude to shareholders, customers, and business partners for their contributions and support in its development[11]. - Shareholders have the right to request a special general meeting if they hold at least 10% of the paid-up capital, with specific procedures outlined for such requests[184]. - The company encourages active participation from shareholders in corporate activities through its shareholder communication policy[187]. - Investors expect transparency of information and investment returns, facilitated through regular investor meetings and annual shareholder meetings[200]. Sustainability and ESG Initiatives - The company emphasizes its commitment to sustainability and has established a governance framework to manage environmental, social, and governance (ESG) issues effectively[196]. - The report includes quantitative key performance indicators (KPIs) to measure the effectiveness of ESG-related policies[193]. - The company has conducted a materiality assessment through stakeholder surveys to identify significant operational issues related to sustainability[193]. - The board of directors is responsible for overseeing the group's sustainability performance and goals, ensuring stakeholder feedback is considered[197]. - The company has set sustainable development goals aligned with its core corporate culture, focusing on creating positive impacts on society and the environment[196].

Financial Performance - The group's total revenue for the fiscal year ended December 31, 2024, decreased by 1.8% to HKD 189.0 million compared to the previous fiscal year[4]. - Gross profit for the fiscal year increased by 23.0% to HKD 66.0 million compared to the previous fiscal year[4]. - The company recorded a loss attributable to owners of HKD 62.0 million for the fiscal year, an improvement from a loss of HKD 113.7 million in the previous fiscal year[4]. - Basic loss per share for the fiscal year was HKD 0.02, compared to HKD 0.05 in the previous fiscal year[4]. - The group's operating loss for the fiscal year was HKD 56.7 million, significantly reduced from HKD 131.0 million in the previous fiscal year[5]. - Total comprehensive loss for the fiscal year amounted to HKD 65.5 million, compared to HKD 125.1 million in the previous fiscal year[6]. - The company reported a total loss of HKD 62,016,000 for the year ended December 31, 2024, compared to a loss of HKD 113,654,000 in the previous year, indicating a reduction in losses by approximately 45%[8]. - The company reported a net loss of HKD 117,260,000 for the year, with a significant provision for loan losses amounting to HKD 55,217,000[19]. - The company reported a loss attributable to shareholders of HKD 61,970,000 for 2024, compared to a loss of HKD 113,654,000 in 2023, indicating a 45.5% improvement in losses year-over-year[32]. Equity and Assets - As of December 31, 2024, total equity attributable to owners was HKD 1,639.0 million, down from HKD 1,705.7 million in the previous year[4]. - Total equity attributable to owners decreased to HKD 1,635,419,000 as of December 31, 2024, down from HKD 1,700,878,000 at the beginning of the year, reflecting a decline of about 3.85%[8]. - Non-current assets as of December 31, 2024, totaled HKD 516.7 million, slightly up from HKD 507.9 million in the previous year[7]. - Current assets decreased to HKD 584.9 million from HKD 745.2 million in the previous year, primarily due to a reduction in trade and other receivables[7]. - The total assets as of December 31, 2023, were HKD 2,103,286,000, while total liabilities stood at HKD 402,408,000[20]. - The company’s total liabilities increased by 27.1% from the previous year, indicating a rise in financial obligations[20]. - The current ratio as of December 31, 2024, was 5.3 times, an increase from 4.4 times in 2023, indicating improved liquidity[69]. - The debt-to-equity ratio as of December 31, 2024, was 19.4%, down from 23.7% in 2023, reflecting a decrease in leverage[69]. Revenue Segments - Revenue from the Information Appliances segment was HKD 134,235,000, while the IDC segment generated HKD 54,800,000, contributing to a total segment revenue of HKD 262,065,000 for the year[17]. - Revenue from product sales decreased to HKD 134,235,000 in 2024, down 12.3% from HKD 152,988,000 in 2023[24]. - IDC rental income increased to HKD 54,800,000 in 2024, up 38.4% from HKD 39,581,000 in 2023[24]. - The information appliance business recorded revenue of HKD 134.2 million for the fiscal year ending December 31, 2024, a decrease of 11.9% compared to HKD 152.5 million in the previous fiscal year[51]. - The IDC business generated revenue of HKD 54.8 million for the fiscal year 2024, an increase of 38.5% compared to HKD 39.5 million in 2023, turning a loss of HKD 3.0 million into a profit of HKD 23.7 million[53]. Expenses and Costs - The company incurred a depreciation expense of HKD 38,216,000 for property, plant, and equipment[20]. - Distribution and selling expenses increased by 60.2% to HKD 8.3 million, primarily due to one-time severance costs of HKD 2.7 million related to downsizing the information appliance sales team[62]. - General and administrative expenses slightly decreased by 0.8% to HKD 121.6 million, excluding one-time severance costs of HKD 13.7 million, reflecting strict cost control measures[63]. - Research and development costs (excluding employee costs) increased significantly to HKD 12,079,000 in 2024 from HKD 1,501,000 in 2023[26]. Investments and Loans - The company confirmed a total of RMB 86,000,000 (equivalent to HKD 96,272,000) as receivable loans under current assets, with accrued interest of HKD 18,693,000, and recognized a loss provision of HKD 114,965,000 for impaired receivables[39]. - A loan of HKD 60,000,000 was extended to an independent third party, with accrued interest of HKD 1,504,000, and a loss provision of HKD 51,106,000 was recognized, reflecting an increase from HKD 32,557,000 in the previous year[40]. - The company has a loan provision of HKD 218,897,000 in 2024, up from HKD 198,104,000 in 2023, indicating a 10.5% increase in provisions[38]. Corporate Governance and Compliance - The group emphasizes high standards of corporate governance, applying the relevant codes from the GEM Listing Rules[97]. - The group has adopted GEM Listing Rules as guidelines for directors' securities transactions, confirming compliance for the year ending December 31, 2024[96]. - The audit committee held four meetings during the review year to oversee financial reporting and risk management systems[93]. - The group’s operations must comply with applicable laws and regulations in China, Hong Kong, and the United States, and it has maintained compliance in all major areas during the year[91]. Market and Strategic Outlook - The company continues to explore opportunities in market expansion and new product development to enhance future performance[17]. - The company is facing market challenges due to technological changes in the information appliance sector and is focusing on developing new appliance products to diversify revenue sources[52]. - The company plans to continue monitoring the investment environment and the volatility of cryptocurrencies in the upcoming year[57]. - The group is actively monitoring risks related to global political and regulatory changes that could impact its operations and financial performance[90]. Environmental and Social Responsibility - The group is committed to environmental protection and has not generated significant waste or air pollutants[89].

Yuxing InfoTech Investment Holdings Limited 裕 興 科 技 投 资 控 股 有 限 公 ( 於百慕建註冊成立之有限公司》 股份代號: 8005 中 期 報 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他 在 主 板上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛 在風險，並應經過審慎周詳之考慮後方作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣之證券會有高流通 量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本 報 告 的 資 料 乃 遵 照 聯 交 所《GEM證 券 上 市 規 則》（「GEM上 市 規 則」）而 刊 載，旨 在 提 供 有 關 裕 興 ...

Financial Performance - For the six months ended June 30, 2024, the group's revenue was approximately HKD 120.7 million, an increase of 237.5% compared to the same period last year[2]. - The group recorded a gross profit of approximately HKD 37.7 million, up from HKD 11.7 million for the same period in 2023[2]. - The profit attributable to owners of the company was approximately HKD 53.2 million, compared to a loss of HKD 4.5 million in the previous year[2]. - Basic earnings per share for the six months ended June 30, 2024, were approximately HKD 2.14, compared to a loss of HKD 0.18 per share in the same period last year[2]. - The total comprehensive income for the period was HKD 50.8 million, compared to a loss of HKD 18.96 million in the previous year[4]. - The company reported a net profit of HKD 52,489,000 for the six months ended June 30, 2024, compared to a net loss of HKD 5,095,000 in the same period of 2023[12]. - The group achieved a profit attributable to owners of approximately HKD 53.2 million, a turnaround from a loss of HKD 4.5 million in the previous year[58]. Assets and Liabilities - As of June 30, 2024, total equity attributable to owners of the company was approximately HKD 1,757.2 million, an increase from HKD 1,705.7 million as of December 31, 2023[2]. - Non-current assets totaled approximately HKD 494.0 million as of June 30, 2024, down from HKD 507.9 million as of December 31, 2023[5]. - Current assets included cryptocurrency valued at HKD 177.5 million, an increase from HKD 110.7 million in the previous period[5]. - Current liabilities decreased to HKD 280.8 million from HKD 364.3 million as of December 31, 2023[5]. - The company’s retained earnings increased to HKD 1,075,794,000 as of June 30, 2024, compared to HKD 1,131,783,000 as of June 30, 2023, indicating a decrease of about 4.9%[6]. - The total liabilities as of June 30, 2024, were not explicitly stated but are essential for assessing the company's financial health alongside equity figures[8]. Revenue Segments - The group operates in four main segments: Information Appliances, IDC, Investment, and Leasing, focusing on sales, development, and operational activities in these areas[10]. - Revenue from the Information Appliances segment reached HKD 93,337,000, while IDC segment revenue was HKD 27,400,000 for the six months ended June 30, 2024[11]. - For the six months ended June 30, 2024, the revenue from the information appliances business increased by 286.9% to approximately HKD 93.3 million, compared to HKD 24.1 million for the same period in 2023[46]. - The IDC business generated revenue of approximately HKD 27.4 million for the six months ended June 30, 2024, representing a 137.5% increase from HKD 11.5 million in the same period of 2023[47]. Investment and Financing - The company generated HKD 66,528,000 in investment income during the six months ended June 30, 2024, compared to HKD 35,498,000 in the same period of 2023[15]. - The investment segment recorded a net fair value gain of approximately HKD 11.6 million, down from HKD 34.8 million in the previous year, attributed to unrealized gains from private equity investments and realized gains of HKD 53.9 million from digital asset sales[48]. - The company reported a financing cost of HKD 288,000 for the six months ended June 30, 2024, down from HKD 324,000 in the same period of 2023[16]. Operational Efficiency - General and administrative expenses decreased by 14.7% to approximately HKD 50.8 million, down from HKD 59.6 million in the previous year, due to strict cost control measures[54]. - Other operating expenses significantly decreased by 53.6% to approximately HKD 8.1 million, compared to HKD 17.4 million in the previous year, as there were no intangible asset amortizations during the period[55]. Corporate Governance and Compliance - The company is dedicated to high standards of corporate governance, adhering to the GEM Listing Rules[74]. - The company has established an Audit Committee consisting of three independent non-executive directors, with responsibilities including reviewing financial information and overseeing risk management[76]. - The company has complied with all applicable laws and regulations in China, Hong Kong, and the United States during the reporting period[70]. Market and Strategic Initiatives - The group plans to closely monitor market changes in the information appliances sector to enhance customer experience and explore opportunities in different regions[46]. - The group is actively negotiating with buyers regarding the sale of its data center in the United States, which is part of its strategic exit from the U.S. market[47]. Risk Management - The group faces significant risks including supply chain constraints in microchips, rapid product innovation, and increasing regulatory challenges that may impact revenue and profitability[67]. - The group has adopted a prudent treasury policy, continuously assessing clients' financial conditions to minimize credit risk[65]. - The group has implemented a credit policy that includes credit risk assessments and collateral evaluations before granting or extending loans[66].

Financial Performance - Revenue for the fiscal year 2023 was HKD 192.6 million, a decrease of 13.7% compared to HKD 223.2 million in 2022[21]. - The operating loss for 2023 was HKD 131.9 million, improved from a loss of HKD 262.1 million in 2022[21]. - The net loss attributable to shareholders for 2023 was HKD 113.7 million, compared to a loss of HKD 290.1 million in the previous year[21]. - The total assets decreased to HKD 2,103.3 million in 2023 from HKD 2,255.1 million in 2022[22]. - The equity attributable to shareholders was HKD 1,705.7 million in 2023, down from HKD 1,827.2 million in 2022[22]. - The group reported a gross profit of approximately HKD 53.7 million in the fiscal year 2023, representing a 92.8% increase from approximately HKD 27.8 million in the fiscal year 2022[42]. - The group recorded a net income of approximately HKD 60.5 million from other income and net gains/losses in the fiscal year 2023, compared to a net loss of approximately HKD 84.8 million in the fiscal year 2022[43]. - General and administrative expenses increased by 27.6% to approximately HKD 122.6 million in the fiscal year 2023, up from approximately HKD 96.1 million in the fiscal year 2022[47]. - Other operating expenses for the fiscal year 2023 amounted to approximately HKD 64.2 million, a significant increase of 279.9% compared to HKD 16.9 million in the fiscal year 2022[48]. - The group reported a loss attributable to owners of approximately HKD 113.7 million in fiscal year 2023, down from approximately HKD 290.1 million in fiscal year 2022[56]. Business Operations - The group achieved stable operational performance in the fiscal year ending December 31, 2023, driven by advancements in information appliances and strategic positioning in the IDC business[4]. - The global set-top box market is expected to present further opportunities, with a focus on improving product functionality to meet growing consumer expectations in the next fiscal year[5]. - The group has strategically exited the IDC market in the United States due to ongoing political tensions, reallocating resources to more stable markets[5]. - The company is prioritizing the development of core business through enhanced competitiveness while maintaining a cautious approach to entering new fields[7]. - The information appliance business generated revenue of approximately HKD 152.3 million in 2023, a decline of 26.8% from the previous fiscal year[27]. - The IDC business recorded revenue of approximately HKD 39.6 million in 2023, an increase of 163.9% compared to 2022[29]. - The company plans to sell its IDC in the U.S. for USD 110 million (approximately HKD 858 million), pending shareholder approval[30]. - The group aims to continue developing new products and expanding into new markets in Europe and Asia to diversify revenue sources[28]. Investments and Financial Assets - Investment activities in the listed securities portfolio were profitable, with a shift in focus from the stock market to the digital asset market for the next fiscal year[6]. - The group recorded a fair value net gain of approximately HKD 54.2 million in the fiscal year 2023, compared to a net loss of approximately HKD 32.3 million in the fiscal year 2022, primarily from private equity investments in aircraft leasing and pharmaceutical R&D[34]. - The group realized a gain of approximately HKD 27.6 million from the sale of listed securities, including Tencent Holdings and Apple Inc., during the fiscal year 2023[35]. - The cryptocurrency market rebound resulted in a recovery of approximately HKD 50.0 million in the fiscal year 2023, compared to a loss of approximately HKD 50.4 million in the fiscal year 2022[36]. - The expected credit loss provision for receivables was approximately HKD 55.2 million in fiscal year 2023, down from HKD 83.1 million in fiscal year 2022[50]. - Trade and other receivables provision was approximately HKD 41.7 million in fiscal year 2023, compared to zero in fiscal year 2022, due to increased credit risk[50]. Risk Factors - The group faces revenue unpredictability due to tight supply of microchips for information appliance business, leading to potential fluctuations in any reporting period[77]. - Rapid changes in product innovation and features may intensify competition, risking market share loss and reduced profit margins[77]. - Increasing customer preference for streaming services and demand for smart home integration could adversely impact the set-top box market and the group's financial performance[77]. - The group is exposed to risks from protectionism and unilateralism affecting global conditions, which may lead to operational challenges and increased costs due to regulatory measures[77]. - Investments held by the group worldwide may be influenced by local, national, or international political, social, legal, tax, regulatory, and environmental changes[77]. - The value of the group's digital assets may fluctuate due to market price volatility, impairment, and unique loss risks such as cyberattacks and human errors[77]. - The group's digital asset investments may face regulatory challenges or restrictions[77]. Corporate Governance - The company emphasizes the importance of sound corporate governance for sustainable growth and shareholder value[150]. - The board consists of executive directors and independent non-executive directors, with their biographies available on pages 15 and 16 of the annual report[113]. - The board is responsible for the overall leadership and strategic direction of the company, overseeing financial and operational performance[156]. - The company has established procedures for handling and disclosing inside information in compliance with the Securities and Futures Ordinance and GEM Listing Rules[189]. - The board conducted an annual review of the effectiveness of the risk management and internal control systems, covering financial, operational, compliance, and risk management functions[188]. - The company has established a formal and transparent new director appointment process, ensuring compliance with its articles of association[165]. - The company has adopted a diversity policy, emphasizing the importance of diverse skills, experience, and perspectives among its members[168]. - The company has implemented appropriate policies and controls to safeguard assets and ensure compliance with relevant laws and regulations[175]. Employee and Supplier Relations - The group has 100+ full-time employees as of December 31, 2023, down from 130+ in the previous year, with employee costs amounting to approximately HKD 57.5 million[75]. - The company has maintained stable and good relationships with its major suppliers and customers throughout the year[131]. - The largest supplier accounts for 60.1% of the company's total purchases, while the top five suppliers combined account for 88.2%[131]. - The largest customer accounts for 38.4% of sales, while the top five customers together represent 92.9% of total sales[132]. - The company has adopted a compensation policy that aligns with market practices to attract and retain talent[118]. - The company emphasizes performance and responsibilities in its compensation structure to incentivize outstanding individuals[118]. Miscellaneous - The group reported a charitable donation of HKD 10,000 for the year ending December 31, 2023, compared to zero in 2022[97]. - The board does not recommend the payment of a final dividend for the year ending December 31, 2023, consistent with no dividend in 2022[100]. - The company has not made any significant investments or acquisitions during the year, aside from the aforementioned property sale[69]. - The company has not encountered any significant events affecting its business or reliance on its success from major customers[131].

Financial Performance - The group's total revenue for the fiscal year ended December 31, 2023, decreased by 13.7% to approximately HKD 192.6 million compared to the previous fiscal year[5]. - Gross profit for the fiscal year increased by 92.8% to approximately HKD 53.7 million[5]. - The loss attributable to owners of the company for the fiscal year was approximately HKD 113.7 million, a significant improvement from a loss of HKD 290.1 million in the previous fiscal year[5]. - Basic loss per share for the fiscal year was approximately HKD 0.05, compared to HKD 0.12 in the previous fiscal year[5]. - The group's operating loss for the fiscal year was HKD 131.0 million, a reduction from HKD 259.7 million in the previous fiscal year[6]. - Total comprehensive loss for the fiscal year was HKD 125.1 million, compared to HKD 270.1 million in the previous fiscal year[7]. - The company reported a total loss of HKD 117,260,000 for the year ending December 31, 2023, compared to a loss of HKD 290,118,000 in the previous year, indicating a significant improvement[20]. - The total comprehensive loss for the year was HKD 125,063,000, which includes other comprehensive losses[20]. - The group recorded a net income of approximately HKD 60.5 million in the fiscal year 2023, a significant improvement from a net loss of approximately HKD 84.8 million in the fiscal year 2022[67]. - The group recorded a loss attributable to equity holders of approximately HKD 113.7 million in fiscal year 2023, down from approximately HKD 290.1 million in fiscal year 2022[76]. Assets and Liabilities - As of December 31, 2023, total equity attributable to owners of the company was approximately HKD 1,705.7 million, down from HKD 1,827.2 million in the previous year[5]. - Non-current assets decreased significantly from HKD 1,384.6 million to HKD 507.9 million[9]. - Current assets net value increased from HKD 494.4 million to HKD 1,231.1 million[10]. - The company’s total equity as of December 31, 2023, was HKD 1,700,878,000, showing a decrease from the previous year[20]. - The total liabilities as of December 31, 2022, were HKD 429,118,000, with the largest liabilities in the investment segment at HKD 124,101,000[25]. - The group's total liabilities to equity ratio was 23.7% as of December 31, 2023, compared to 23.5% in 2022, indicating stable financial leverage[77]. - The group has no significant outstanding debts as of December 31, 2023, apart from lease liabilities and bank loans, ensuring sufficient liquidity for upcoming cash needs[77]. Revenue Segments - Revenue from the Information Appliances segment was HKD 152,988,000, while the Internet Data Center (IDC) segment generated HKD 39,581,000, contributing to a total segment revenue of HKD 222,235,000[20]. - Product sales revenue decreased to HKD 152,988,000 in 2023 from HKD 208,237,000 in 2022, representing a decline of 26.5%[30]. - IDC rental income increased significantly to HKD 39,581,000 in 2023 from HKD 15,000,000 in 2022, marking a growth of 164.1%[30]. - The information appliance business recorded revenue of approximately HKD 152.3 million for the fiscal year 2023, a decrease of 26.8% compared to fiscal year 2022[56]. - The IDC business generated revenue of approximately HKD 39.6 million in fiscal year 2023, an increase of 163.9% compared to fiscal year 2022[58]. Expenses and Costs - General and administrative expenses increased by 27.6% to approximately HKD 122.6 million in the fiscal year 2023, up from approximately HKD 96.1 million in the fiscal year 2022, mainly due to one-time severance costs and expenses related to IDC in the U.S.[70]. - Other operating expenses surged by 279.9% to approximately HKD 64.2 million in the fiscal year 2023, compared to approximately HKD 16.9 million in the fiscal year 2022, primarily due to depreciation and amortization related to cryptocurrency mining assets[71]. - Distribution and selling expenses decreased by 19.6% to approximately HKD 5.2 million in the fiscal year 2023, down from approximately HKD 6.4 million in the fiscal year 2022[69]. - The group made a provision for expected credit losses of approximately HKD 55.2 million for loans receivable in the fiscal year 2023, down from approximately HKD 83.1 million in the fiscal year 2022, reflecting increased credit risk[72]. Investments and Future Plans - The company plans to expand its operations in overseas markets, particularly in the United States, where it reported non-current assets of HKD 852,440,000[27]. - The company plans to continue developing new products and expanding into new markets in Europe and Asia to diversify revenue sources[57]. - The company aims to maintain its IDC business through leasing data center facilities and actively seeks opportunities to establish new IDC bases globally[60]. - The company has implemented effective cost control measures, which have positively impacted its long-term sustainable business strategy[57]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a final dividend for the fiscal year 2023[5]. - The company did not declare a final dividend for the year ending December 31, 2023, consistent with the previous year[37]. - The group's shareholder capital remained stable at approximately HKD 62.2 million as of December 31, 2023, with 2,487,704,800 shares outstanding[88]. Regulatory and Compliance - The group is committed to maintaining compliance with applicable laws and regulations in China, Hong Kong, and the United States[97]. - The group emphasizes environmental protection in its operations, generating no significant waste or air pollutants[96]. - The group is actively monitoring regulatory challenges related to its digital asset investments[95]. Employee and Operational Insights - As of December 31, 2023, the group employed over 100 full-time staff, a decrease from over 130 in the previous year, with employee costs amounting to approximately HKD 57.5 million, down from HKD 59.1 million[94]. - The group’s employee compensation and benefits are aligned with market standards, with performance directly linked to remuneration[94]. - The group faces significant risks including supply chain challenges due to microchip shortages, which may lead to unpredictable revenue fluctuations[95].

Financial Performance - For the nine months ended September 30, 2023, the group's revenue was approximately HKD 78.6 million, a decrease of 38.1% compared to the same period last year[3]. - The group recorded a gross profit of approximately HKD 28.6 million for the nine months ended September 30, 2023, compared to HKD 14.9 million for the same period in 2022[3]. - The loss attributable to owners of the company for the nine months ended September 30, 2023, was approximately HKD 24.0 million, significantly reduced from HKD 130.8 million in the same period last year[3]. - The basic loss per share for the nine months ended September 30, 2023, was approximately HKD 0.97, compared to HKD 5.26 for the same period in 2022[3]. - The total comprehensive loss for the period was HKD 19.4 million, compared to HKD 42.8 million for the same period in 2022[6]. - The company reported a net loss of HKD 6,402,000 for the three months ended September 30, 2023, compared to a net loss of HKD 14,058,000 for the same period in 2022[27]. - The company’s total other income for the nine months ended September 30, 2023, was HKD 41,383,000, compared to a loss of HKD 51,842,000 for the same period in 2022[27]. - The group recorded a net gain of approximately HKD 27.0 million from financial assets measured at fair value, compared to a net loss of approximately HKD 71.3 million in the same period last year[85]. - The group recorded a cryptocurrency reversal of approximately HKD 22.6 million during the period, compared to a write-down of approximately HKD 21.4 million in the same period last year[67]. Equity and Dividends - As of September 30, 2023, the total equity attributable to owners of the company was approximately HKD 1,789.6 million, down from HKD 1,827.2 million as of December 31, 2022[3]. - The board of directors does not recommend the payment of any dividend for the nine months ended September 30, 2023, consistent with the previous year[3]. - The company has not declared any dividends for the nine months ended September 30, 2023, consistent with the previous year[30]. Income and Expenses - The income tax expense for the nine months ended September 30, 2023, was HKD 1,498,000, compared to HKD 1,360,000 for the same period in 2022, reflecting an increase of 10.2%[28]. - Distribution and sales expenses decreased by 26.1% to approximately HKD 3.6 million, while general and administrative expenses increased by 65.4% to approximately HKD 108.1 million, primarily due to intangible asset amortization related to cryptocurrency mining equipment[89]. Business Operations - The company continues to explore new strategies for market expansion and product development to improve future performance[3]. - The company is focused on expanding its market presence and enhancing its product offerings in the information appliance sector[59]. - The company is engaged in the sale and distribution of information appliances, including high-definition set-top boxes and OTT/IPTV set-top boxes, leveraging its extensive experience in hardware and software design[39]. - The group faces challenges in revenue predictability due to tight supply of microchips for its information appliance business[94]. - The information appliance business faces threats from intense competition due to rapid technological product iterations[112]. Assets and Liabilities - As of September 30, 2023, the group's net current assets were approximately HKD 1,319.6 million, significantly up from approximately HKD 494.4 million as of December 31, 2022[70]. - The group had no contingent liabilities as of September 30, 2023, consistent with the previous year[72]. - The company’s interest income from bank deposits for the three months ended September 30, 2023, was HKD 184,000, a decrease of 68.0% compared to HKD 575,000 for the same period in 2022[27]. - The debt-to-equity ratio decreased to 21.0% as of September 30, 2023, from 23.5% on December 31, 2022, due to a reduction in trade and other payables and repayment of bank loans[91]. Environmental and Compliance - The company is committed to minimizing adverse environmental impacts and encourages resource recycling and energy conservation among employees[113]. - The group has no significant waste production or air pollutants emissions, emphasizing environmental protection in daily operations[113]. - The company has adopted trading standards as per GEM Listing Rules for directors' securities transactions, ensuring compliance during the reporting period[126]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing financial information and overseeing risk management[125]. - The board of directors has established an audit committee to assist in financial oversight and ensure compliance with internal controls[128]. Shareholder Information - As of September 30, 2023, Unicorn Resources Inc. holds a 29.80% stake in the company, with 741,379,800 shares[101]. - The total number of shares outstanding as of September 30, 2023, was 2,487,704,800[103]. - As of September 30, 2023, Mr. Cong Yu holds a 29.80% stake in the company through Unicorn, which owns 741,379,800 shares[115].

YUXING INFOTECH INVESTMENT HOLDINGS LIMITED 裕 興 科 技 投 資 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：8005） 第三季度業績公佈 截至二零二三年九月三十日止九個月 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板 上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在風 險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣之證券會有高流通量 之市場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 本公佈的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載，旨在 提供有關裕興科技投資控股有限公司（「本公司」）及其附屬公司（統稱「集團」）的資 料。本公司的董事（「董 ...

Financial Performance - For the six months ended June 30, 2023, the group's revenue was approximately HKD 35.8 million, a decrease of 60.2% compared to the same period last year[9]. - The group recorded a gross profit of approximately HKD 11.7 million for the six months ended June 30, 2023, compared to HKD 9.9 million for the same period in 2022[9]. - The loss attributable to owners of the company for the six months ended June 30, 2023, was approximately HKD 4.5 million, significantly improved from a loss of HKD 105.4 million in the same period last year[9]. - Basic loss per share for the six months ended June 30, 2023, was approximately HKD 0.18, compared to HKD 4.24 for the same period in 2022[9]. - The company reported a total comprehensive loss of HKD 39.9 million for the six months ended June 30, 2023, compared to a total comprehensive loss of HKD 45.1 million for the same period in 2022[13]. - The company reported a net loss of HKD 10,680,000 for the first half of 2023, a significant improvement from a net loss of HKD 47,260,000 in the same period of 2022[188]. Equity and Assets - As of June 30, 2023, total equity attributable to owners of the company was approximately HKD 1,808.8 million, slightly down from HKD 1,827.2 million as of December 31, 2022[9]. - The group's total assets less current liabilities amounted to HKD 1,860.8 million as of June 30, 2023, compared to HKD 1,878.9 million as of December 31, 2022[16]. - Current liabilities totaled HKD 324.7 million as of June 30, 2023, down from HKD 376.1 million as of December 31, 2022[16]. - Non-current liabilities were approximately HKD 53.8 million as of June 30, 2023, compared to HKD 53.0 million as of December 31, 2022[16]. - Total equity amounted to HKD 2,090,217 thousand, reflecting a decrease of HKD 105,885 thousand compared to the previous period[19]. - The total amount of assets classified as held for sale reached HKD 850,200 thousand, with no previous amount reported[33]. Cash Flow and Financing - For the six months ended June 30, 2023, the net cash used in operating activities was HKD (42,373,000), a decrease from HKD (112,736,000) in the same period of 2022, indicating improved cash flow management[38]. - The net cash used in investing activities was HKD (43,737,000), compared to a net cash generated of HKD 101,567,000 in the prior year, reflecting a shift in investment strategy[38]. - The net cash used in financing activities was HKD (1,712,000), significantly improved from HKD (11,254,000) in the previous year, suggesting reduced reliance on external financing[38]. - The total cash and cash equivalents decreased to HKD 88,720,000 as of June 30, 2023, down from HKD 319,592,000 at the end of the previous year, indicating a tighter liquidity position[38]. - The group has no significant outstanding debts apart from lease liabilities and certain loans as of June 30, 2023[97]. Investment Properties and Valuation - The company anticipates selling investment properties located in the United States within the next twelve months, indicating a strategic shift in asset management[45]. - The fair value of financial assets measured at fair value through profit or loss was approximately HKD 15,582,000 as of June 30, 2023, down from HKD 16,429,000 at the end of 2022, reflecting market fluctuations[47]. - The fair value of the investment property located in the United States was approximately HKD 796,858,000 as of May 31, 2022, with an average adjustment price of USD 1,279 per square foot[54]. - The group's investment properties measured at fair value in profit or loss amounted to HKD 107,681,000 as of June 30, 2023, compared to HKD 79,957,000 as of December 31, 2022[62]. - The company reported a net change in fair value of investment properties of HKD 27,724,000 during the reporting period[65]. Segment Performance - The group's revenue from various business segments includes HKD 24.122 million from IDC, HKD 11.535 million from other services, and a total income of HKD 35.769 million[78]. - The net loss from the IDC segment was HKD 6.023 million, while the other segments reported varying performances, leading to an overall segment performance of HKD 22.891 million[78]. - Rental income from the leasing business was approximately HKD 4.2 million, reflecting a slight decrease of 14.5% compared to the same period last year, attributed to currency depreciation and lower occupancy rates[91]. - The group recognized a revaluation net loss of approximately HKD 2.0 million from investment properties due to decreased rental rates[92]. Risk Management and Governance - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with corporate governance standards[123]. - The company is committed to improving risk management systems across various aspects of its operations, facing risks from geopolitical tensions and macroeconomic conditions due to the COVID-19 pandemic[131]. - The group adopts a prudent treasury policy and continuously assesses the financial status of clients to minimize credit risk[103]. Shareholder Information - The total number of shares outstanding as of June 30, 2023, was 2,487,704,800 shares[118]. - Unicorn Resources Inc. holds a 29.80% stake in the company, with 741,379,800 shares, indicating significant ownership concentration[138]. - The company has a total of 179,211,680 shares issued under the share option plan, representing 10% of the total issued shares as of the adoption date[135].

YUXING INFOTECH INVESTMENT HOLDINGS LIMITED 裕 興 科 技 投 資 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：8005） 中期業績公佈 截至二零二三年六月三十日止六個月 香港聯合交易所有限公司（「聯交所」） GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板 上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在風 險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣之證券會有高流通量 之市場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 本公佈的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載，旨在 提供有關裕興科技投資控股有限公司（「本公司」）及其附屬公司（統稱「集團」）的資 料。本公司的董事（「董事 ...