2025 中期業績報告 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聯交所上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 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買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本報告全部或任何部份內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 本報告的資料乃遵照《香港聯合交易所有限公司GEM證券上市規則》（「GEM上市規則」）而刊載， 旨在提供有關僑洋國際控股有限公司（「本公司」或「我們」）及其附屬公司（統稱「本集團」）的資料； 本公司董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。各董事在作出一切合理查 詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分， 且並無遺漏任何事項，足以令致本報告或其所 ...

公告称，收益增加主要是由于销售价格及销售数量增加所致。 侨洋国际控股(08070)公布2025年中期业绩，收益约1.37亿港元，同比增长7.87%;公司拥有人应占溢利 879.7万港元，同比减少12.96%;每股盈利4.4港仙。 ...

Core Viewpoint - Qiaoyang International Holdings (08070) reported a mid-year performance for 2025, showing a revenue increase of 7.87% year-on-year, primarily driven by higher sales prices and quantities [1] Financial Performance - Revenue reached approximately HKD 137 million [1] - Profit attributable to owners decreased by 12.96% to HKD 8.797 million [1] - Earnings per share stood at HKD 0.044 [1]

KEEN OCEAN INTERNATIONAL HOLDING LIMITED 僑 洋 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8070） 提名委員會－職權範圍 (於2025年8月25日修訂並通過) Keen Ocean International Holding Limited 僑洋國際控股有限公司（「本公司」）董事會（「董 事會」）已成立稱為提名委員會之董事會轄下委員會（「提名委員會」），其組成及具體職責載列 如下： 1. 成員 2. 提名委員會秘書 3. 會議 – 1 – 1.1 提名委員會成員應由董事會從本公司董事中委任，並至少由三名成員組成，大部分成 員應為獨立非執行董事。 1.2 提名委員會之主席應由董事會委任，並必須為董事會主席或一名獨立非執行董事。 1.3 提名委員會成員應至少包括一名不同性別的董事。 2.1 本公司之公司秘書應擔任提名委員會之秘書。 2.2 提名委員會可不時委任任何其他具備適當資格及經驗之人士為提名委員會秘書。 3.1 提名委員會應每年舉行至少一次會議。 3.2 除非另有協定或豁免，否則就提名委員會所有定期會議而言，應至少於各會議舉行當 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 KEEN OCEAN INTERNATIONAL HOLDING LIMITED 僑洋國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8070） 截至2025年6月30日止六個月之 中期業績公告 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聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在 風險，並應經過審慎周詳的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買賣的證券會有高流通量 的市場。 本公告的資料乃遵照《香港聯合交易所有限公司GEM證券上市規則》（「GEM上市 規則」）而刊載，旨在提供有關僑洋國際控股有限公司（「本公司」或「我們」）及其附 屬公司（統稱「本集團」）的資料；本公司董事（ ...

KEEN OCEAN INTERNATIONAL HOLDING LIMITED 僑洋國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8070） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 執行董事 鍾天成 香港，二零二五年八月十三日 於本公告日期，執行董事為鍾志華先生、鍾天成先生及黃石輝先生；及獨立非執 行董事為張以德先生、林春雷先生及付靜艷女士。 本公告的資料乃遵照香港聯合交易所有限公司（「聯交所」）GEM證券上市規則而刊 載，旨在提供有關本公司的資料；董事願就本公告的資料共同及個別地承擔全部 責任。各董事在作出一切合理查詢後，確認就其所知及所信，本公告所載資料在 各重要方面均屬準確完備，沒有誤導或欺詐成份，且並無遺漏任何事項，足以令 致本公告或其所載任何陳述產生誤導。 本公告將由刊登日期起最少七日於聯交所網站www.hkexnews.hk內「最新上市公司 公告」網頁刊載，並將於本公司網站www.keenocean.com.h ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 僑洋國際控股有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08070 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊股本 ...

Financial Performance - Total revenue for the fiscal year ended December 31, 2024, was HKD 287,213,000, a decrease of 12% compared to HKD 326,713,000 in 2023[9] - The company reported a pre-tax profit of HKD 20,680,000 for 2024, compared to HKD 19,021,000 in 2023, reflecting a growth of 8.7%[9] - Total revenue decreased by approximately HKD 39.5 million or 12.1% from HKD 326.7 million in 2023 to HKD 287.2 million in 2024, primarily due to weakened customer demand amid economic downturn[22] - Gross profit increased by approximately HKD 5.7 million or 11.3%, from HKD 50.7 million in 2023 to HKD 56.4 million in 2024, with gross margin rising from 15.5% to 19.6%[22] - The company recorded a profit of approximately HKD 17.5 million for the year ending December 31, 2024, compared to HKD 17.2 million in 2023[25] Sales and Revenue Composition - The sales of transformers accounted for approximately 41.5% of total sales, down from 44.8% in the previous year[14] - Sales of electronic components accounted for approximately 57.4% of total sales, up from 53.5% in the previous year[14] - The sales of electronic health products were reported as zero for 2024, down from HKD 2,687,000 in 2023[17] - Sales from major customers, such as Customer A and Customer B, increased to HKD 52.5 million and decreased to HKD 108.5 million respectively, highlighting shifts in customer revenue contributions[21] - The company's top five customers accounted for approximately 70.3% of revenue for the year ended December 31, 2024, down from 79.0% in 2023[149] Assets and Liabilities - The total assets as of December 31, 2024, were HKD 217,654,000, a slight increase from HKD 210,474,000 in 2023[10] - The net asset value of the group as of December 31, 2024, was approximately HKD 84.7 million, down from HKD 98.1 million in 2023[29] - The current ratio of the group was approximately 1.33, with current assets of HKD 177.7 million and current liabilities of HKD 132.9 million as of December 31, 2024[29] - The debt-to-equity ratio decreased to approximately 0.17 in 2024 from 0.26 in 2023, primarily due to a reduction in bank loans during the review period[30] Corporate Governance - The company has adhered to the corporate governance code as stipulated in the GEM listing rules for the year ending December 31, 2024[57] - The board consists of six directors, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[62] - The independent non-executive directors have confirmed their understanding of their responsibilities under the GEM listing rules[62] - The company emphasizes the importance of corporate culture as a foundation for long-term business development and economic success[58] - The company maintains high standards of corporate governance, as detailed in the corporate governance report[198] Risk Management - The company has established a risk management and internal control system, which is regularly assessed for effectiveness[74] - The board is responsible for establishing and maintaining an effective risk management and internal control system[104] - The company aims to instill a strong risk awareness culture among all employees to enhance the effectiveness of the risk management system[104] - Significant risks and internal control weaknesses identified during the year have been reported to the audit committee for further action[117] - The company has adopted a whistleblowing policy to encourage employees and stakeholders to report suspected misconduct confidentially[110] Employee and Management - Employee headcount increased to approximately 585 as of December 31, 2024, compared to about 458 in 2023, with total employee costs around HKD 46.8 million[38] - The gender ratio of the employee team, including senior management, is 54% male to 46% female, indicating a balanced gender diversity[99] - The company has implemented a comprehensive plan to identify and train female employees for potential promotion to senior management or board positions[98] - The salary range for senior management for the year 2024 includes 2 individuals earning between 0 to 1,000,000 HKD, compared to 3 individuals in 2023[78] Capital Expenditure and Investments - Capital expenditure for the year ended December 31, 2024, was approximately HKD 6.1 million, a significant decrease from HKD 26.5 million in 2023[32] - The capital expenditure primarily related to the purchase of two non-residential properties and leasehold improvements[32] - The group plans to invest up to 30% of its cash in short-term, low-risk Hong Kong-listed securities, subject to certain conditions[42] - The group had outstanding capital commitments of approximately HKD 641,000 as of December 31, 2024[37] Dividends - The company declared a special interim dividend of HKD 0.15 per ordinary share, totaling HKD 30,000,000 for the six months ended June 30, 2024[136] - The board does not intend to declare a final dividend for the year ending December 31, 2024[136] - The company has adopted a dividend policy to maintain sufficient cash reserves for operational needs and future business growth[137] - The company has not set a predetermined dividend payout ratio, allowing the board discretion in declaring dividends[138] Shareholder Information - The company has multiple communication channels with shareholders and investors, including quarterly and annual reports, and annual general meetings[119] - The company has established multiple communication channels with shareholders to enhance investor relations[125] - The company has received independence confirmations from its independent non-executive directors, affirming their status as independent individuals[182] - The company has not redeemed any of its own shares during the fiscal year ending December 31, 2024[194]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 287,213,000, a decrease of 12.1% from HKD 326,713,000 in 2023[4] - Gross profit for the year was HKD 56,403,000, representing a gross margin of 19.6%, compared to HKD 50,656,000 in the previous year[4] - Operating profit increased to HKD 22,472,000, up 4.0% from HKD 21,606,000 in 2023[4] - The net profit for the year was HKD 17,546,000, slightly up from HKD 17,174,000 in 2023, resulting in an earnings per share of HKD 8.78, compared to HKD 8.59 in the previous year[4] - The group reported a profit before tax of HKD 20,680,000 in 2024, compared to HKD 19,021,000 in 2023, an increase of about 8.7%[17] - The total income tax expense for 2024 was HKD 3,134,000, up from HKD 1,847,000 in 2023, representing an increase of approximately 69.5%[16] - The company recorded a profit of approximately HKD 17.5 million for the year ended December 31, 2024, compared to HKD 17.2 million for the year ended December 31, 2023[44] Revenue Breakdown - The group's revenue from transformer sales decreased to HKD 119,202,000 in 2024 from HKD 146,176,000 in 2023, representing a decline of approximately 18.5%[10] - Customer contract revenue fell to HKD 287,213,000 in 2024, down from HKD 326,713,000 in 2023, a decrease of about 12.1%[10] - Revenue from electronic components sales decreased to HKD 164,783,000 in 2024 from HKD 174,750,000 in 2023, reflecting a decline of approximately 5.7%[10] - Major customer A's revenue from transformer sales increased to HKD 52,537,000 in 2024, up from HKD 43,116,000 in 2023, an increase of about 21.5%[14] - Major customer B's revenue from electronic components and other products decreased to HKD 108,534,000 in 2024 from HKD 162,054,000 in 2023, a decline of approximately 33.1%[14] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 177,672,000, a marginal increase from HKD 175,507,000 in 2023[5] - Current liabilities rose to HKD 132,917,000 from HKD 112,338,000 in the previous year, indicating a 17.5% increase[5] - The company's cash and cash equivalents decreased to HKD 6,130,000 from HKD 11,711,000 in 2023, reflecting a decline of 47.6%[5] - The company reported a significant increase in trade and other receivables, which rose to HKD 71,882,000 from HKD 34,898,000, marking a 105.6% increase[5] - The company has maintained its share capital at HKD 2,000,000, with total equity attributable to owners decreasing to HKD 84,763,000 from HKD 98,158,000[6] Trade Receivables and Credit Management - Trade receivables increased to HKD 63,775,000 in 2024 from HKD 29,644,000 in 2023, reflecting a growth of 115%[22] - The aging analysis of trade receivables shows that amounts overdue over one year increased to HKD 757,000 in 2024 from HKD 511,000 in 2023[23] - The provision for bad debts decreased slightly to HKD 4,567,000 in 2024 from HKD 4,614,000 in 2023, indicating effective credit management[24] - The weighted average expected loss rate for overdue receivables over one year is 82% in 2024, compared to 90% in 2023, showing improved credit risk management[25] - The company provided an average credit period of 15 to 90 days to trade customers, with no overdue or impairment records reported[23] - The company has assessed the credit quality of potential new customers before extending credit, ensuring a robust credit risk management process[23] Expenses and Investments - Research and development expenses increased to HKD 11,499,000 in 2024 from HKD 10,048,000 in 2023, an increase of about 14.5%[19] - The company's capital expenditure for the year ended December 31, 2024, was approximately HKD 6.1 million, significantly lower than HKD 26.5 million for the year ended December 31, 2023[49] - The total employee cost for the year ended December 31, 2024, was approximately HKD 46.8 million, an increase from HKD 44.9 million for the year ended December 31, 2023[55] - The group had no significant investments as of December 31, 2024, consistent with the previous year[52] - The group plans to invest up to 30% of its cash in short-term, low-risk Hong Kong-listed securities, subject to certain conditions[58] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.15 per share, totaling HKD 30,000,000 for 2024, compared to no dividend in 2023[19] - The company declared a special interim dividend of HKD 0.15 per ordinary share, totaling HKD 30,000,000 for the six months ended June 30, 2024[64] - The board does not intend to declare a final dividend for the year ending December 31, 2024[64] Governance and Risk Management - The company has complied with the corporate governance code provisions for the year ending December 31, 2024[66] - The audit committee has reviewed the audited annual results for the year ending December 31, 2024[70] - The risk management committee oversees the risk governance structure and hedging policies, including copper futures purchases[71]

Company Information [Board of Directors and Key Management](index=4&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83%E5%8F%8A%E4%B8%BB%E8%A6%81%E7%AE%A1%E7%90%86%E5%B1%A4) The Board of Directors, comprising executive and independent non-executive members, is supported by audit, nomination, remuneration, and risk management committees - Executive Directors include Mr. Zhong Zhiheng (Chairman), Mr. Zhong Tiancheng, and Mr. Huang Shihui[4](index=4&type=chunk) - Independent Non-Executive Directors include Mr. Zhang Yide, Mr. Li Zhongbang, and Mr. Lin Chunlei[4](index=4&type=chunk) - The company has an Audit Committee (Chairman: Mr. Zhang Yide), Nomination Committee (Chairman: Mr. Li Zhongbang), Remuneration Committee (Chairman: Mr. Lin Chunlei), and Risk Management Committee (Chairman: Mr. Zhong Tiancheng)[4](index=4&type=chunk) [Company Contact and Registration Information](index=4&type=section&id=%E5%85%AC%E5%8F%B8%E8%81%AF%E7%B5%A1%E5%8F%8A%E8%A8%BB%E5%86%8A%E4%BF%A1%E6%81%AF) The company is registered in the Cayman Islands with primary operations in Heyuan, Guangdong, China, and Hong Kong, audited by Viven CPA Limited, and banking with HSBC and DBS Bank (Hong Kong) - Registered office is located at Cricket Square, Cayman Islands[4](index=4&type=chunk) - Primary place of business in China is Heyuan High-tech Development Zone, Guangdong Province[4](index=4&type=chunk) - Hong Kong share registrar is Union Registrars Limited[6](index=6&type=chunk) Management Discussion and Analysis [Business Review](index=6&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group designs, develops, produces, and sells transformers, switching power supplies, electronic healthcare products, and other electronic components, experiencing revenue decline due to reduced transformer orders and economic downturn, yet improved operating profit margins from higher product prices and lower production costs, with electronic components sales significantly increasing - Main business involves the design, development, production, and sale of transformers, switching power supplies, electronic healthcare products, and other electronic components[7](index=7&type=chunk) - For the six months ended June 30, 2024, transformer sales accounted for approximately **35.7%** (2023: **48.0%**), and electronic components for approximately **62.7%** (2023: **50.8%**)[7](index=7&type=chunk) - Revenue decline primarily due to slower transformer purchase orders and weakened demand from general economic downturn[7](index=7&type=chunk) - Operating profit margin increased year-on-year, mainly benefiting from higher product selling prices and reduced production waste and overall production costs[7](index=7&type=chunk) [Financial Review](index=7&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) For the six months ended June 30, 2024, Group revenue significantly decreased by **41.5%** to **HK$127.1 million** due to economic downturn, but gross profit margin rose from **12.3%** to **20.4%** due to strict cost control and higher product prices, resulting in a slight increase in profit for the period to **HK$10.1 million** Key Financial Indicators for the Six Months Ended June 30, 2024 | Metric | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 127,072 | 217,271 | -41.5% | | Cost of Sales | (101,197) | (190,466) | -46.9% | | Gross Profit | 25,875 | 26,805 | -3.5% | | Gross Profit Margin | 20.4% | 12.3% | +8.1pp | | Other Income | 2,156 | 1,875 | +15.0% | | Other Gains | 850 | 3,572 | -76.2% | | Selling and Distribution Expenses | (2,587) | (3,901) | -33.7% | | Administrative Expenses | (14,559) | (15,664) | -7.1% | | Finance Costs | (1,043) | (1,516) | -31.2% | | Income Tax Expense | (583) | (1,307) | -55.4% | | Profit for the Period | 10,109 | 9,864 | +2.5% | - Revenue decrease primarily due to weakened customer demand from economic downturn[8](index=8&type=chunk) - Gross profit margin increase primarily due to strict control over material costs and higher product selling prices compared to the same period in 2023[8](index=8&type=chunk) - Other gains decrease primarily due to losses from hedging policies leading to reduced investment income[8](index=8&type=chunk) [Outlook](index=8&type=section&id=%E5%B1%95%E6%9C%9B) Facing global economic recession, the Group actively seeks growth in clean energy electronic components (e.g., inverters) and EV markets (e.g., high-frequency inductors), plans to establish Southeast Asian production bases to mitigate tariffs, and continuously enhances production efficiency to control costs - Will seek clients in clean energy electronic components (especially inverters) and collaborate with European clients to develop new models[10](index=10&type=chunk) - Has utilized existing technology to develop and produce high-frequency inductors for the electric vehicle market, expected to account for a significant portion of future revenue[10](index=10&type=chunk) - Plans to seek strategic partners in Southeast Asia for an offshore production base outside China to mitigate US tariff impacts and enhance competitiveness[10](index=10&type=chunk) - Committed to improving production process efficiency and effectiveness to minimize production costs[10](index=10&type=chunk) [Liquidity and Financial Resources](index=9&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) As of June 30, 2024, the Group maintained a sound financial position with net assets increasing to **HK$107.3 million** and net current assets at **HK$67.0 million**, significant growth in bank and cash balances, and a debt-to-asset ratio decrease to **0.07** due to reduced bank borrowings and increased cash Liquidity and Financial Resources Overview | Metric | June 30, 2024 (HK$ Thousand) | December 31, 2023 (HK$ Thousand) | Change | | :--- | :--- | :--- | :--- | | Net Assets | 107,262 | 98,136 | +9,126 | | Net Current Assets | 67,037 | 63,169 | +3,868 | | Shareholders' Funds | 107,262 | 98,136 | +9,126 | | Current Assets | 192,810 | 175,507 | +17,303 | | Current Liabilities | 125,773 | 112,338 | +13,435 | | Bank and Cash Balances | 22,700 | 11,711 | +10,989 | | Net Assets Per Share | HK$0.54 | HK$0.49 | +HK$0.05 | | Debt-to-Asset Ratio | 0.07 | 0.26 | -0.19 | - Debt-to-asset ratio decreased primarily due to reduced bank borrowings and increased bank and cash balances from operating activities[11](index=11&type=chunk) [Capital Expenditure](index=9&type=section&id=%E8%B3%87%E6%9C%AC%E9%96%8B%E6%94%AF) For the six months ended June 30, 2024, the Group's capital expenditure was approximately **HK$7.8 million**, primarily for property, plant, and equipment, a significant decrease from **HK$23.7 million** in the prior period Capital Expenditure Overview | Period | Amount (HK$ Thousand) | Primary Use | | :--- | :--- | :--- | | For the six months ended June 30, 2024 | 7,800 | Additions to property, plant and equipment | | For the six months ended June 30, 2023 | 23,700 | Additions to property, plant and equipment | | For the year ended December 31, 2023 | 26,500 | Additions to property, plant and equipment | [Capital Structure](index=9&type=section&id=%E8%B3%87%E6%9C%AC%E6%9E%B6%E6%A7%8B) The Group maintains prudent funding and treasury policies, with its capital structure primarily comprising bank borrowings and equity attributable to owners, where bank borrowings are denominated in HKD and secured by pledged bank deposits and trade receivables - Capital structure includes bank borrowings and equity attributable to owners of the Group (comprising issued share capital and retained earnings)[13](index=13&type=chunk) - Bank borrowings are denominated in HKD and secured by the Group's pledged bank deposits and trade receivables[13](index=13&type=chunk) [Foreign Exchange Risk](index=10&type=section&id=%E5%A4%96%E5%BD%99%E9%A2%A8%E9%9A%AA) The Group's sales are primarily USD-denominated, with some