Financial Performance - Revenue for the nine months ended September 30, 2023, was HKD 945,600,000, a decrease of 29.6% compared to HKD 1,342,288,000 in 2022[4] - Profit attributable to owners for the same period was HKD 11,138,000, representing an increase of 168.4% from a loss of HKD 16,280,000 in 2022[4] - Basic earnings per share for the nine months was HKD 1.62, up 165.1% from a loss of HKD 2.49 per share in the previous year[4] - Gross profit for the nine months was HKD 42,064,000, compared to HKD 15,957,000 in 2022, indicating a significant improvement[6] - The company reported a pre-tax profit of HKD 11,143,000 for the nine months, a turnaround from a pre-tax loss of HKD 16,156,000 in the previous year[6] - Total comprehensive income for the nine months was HKD 13,629,000, compared to a loss of HKD 21,836,000 in 2022[7] Operational Highlights - The sales in the Chinese market for the three months ended September 30, 2023, were HKD 180.1 million, down from HKD 231.0 million in the same period of 2022[14] - The sales in Hong Kong for the three months ended September 30, 2023, increased to HKD 107.4 million from HKD 73.1 million in 2022, representing a growth of 46.8%[14] - Operating costs, including distribution and administrative expenses, decreased by 5.7% to HKD 26.2 million for the nine months ended September 30, 2023, compared to HKD 27.8 million in 2022[29] Shareholder and Capital Management - The company issued new shares through a rights issue, raising HKD 37,957,000 during the period[7] - The estimated net proceeds from the rights issue completed on August 31, 2023, is approximately HKD 36,800,000, with HKD 27,300,000 utilized as of September 30, 2023[44] - The company plans to use HKD 25.8 million from the rights issue proceeds to repay bank loans and HKD 7.3 million for R&D of new applications for microcontroller units and electronic paper[44] - As of September 30, 2023, Dr. Yan holds 535,091,722 shares, representing 55.22% of the company's issued shares[32] - Major shareholder Shijie holds 448,846,000 shares, accounting for 46.32% of the company's issued shares[38] Governance and Management Changes - Dr. Yan Yulin has resigned as chairman but will continue as an executive director effective September 4, 2023[50] - Mr. Yan Zijie has been appointed as the chairman and non-executive director of the company[51] - Mr. Zhang Weihua has resigned as executive director and CEO of the company[52] - Mr. Chen Jiahao has been appointed as the CEO of the company[53] - The board consists of three executive directors, two non-executive directors, and three independent non-executive directors as of November 9, 2023[56] Compliance and Internal Controls - The company has complied with the GEM Listing Rules on corporate governance, with minor deviations noted[46] - The audit committee has reviewed the accounting principles, internal controls, risk management, and the unaudited consolidated financial statements for the nine months ending September 30, 2023[48] - The company has adopted the GEM Listing Rules as its own code of conduct for securities trading by directors, confirming compliance by all directors for the nine months ending September 30, 2023[49] Future Plans - The company plans to diversify its product offerings in the domestic market and focus on the growing demand for electronic products in ASEAN countries[26] - The company will target applications related to microcontrollers for new energy vehicles and electronic paper products, aligning with national policies on green energy and semiconductor industries[26] Other Financial Information - Administrative expenses decreased to HKD 15,461,000 from HKD 16,441,000 in the previous year, reflecting cost control measures[6] - Financing costs increased to HKD 6,367,000 from HKD 4,152,000, indicating higher borrowing costs[6] - The company has not granted any stock options under its stock option plan during the reporting period[36] - The company has a maximum of 60,000,000 shares available for issuance under the stock option plan, equivalent to about 6.2% of the issued shares[36] - The company has not purchased, sold, or redeemed any of its listed securities during the review period[45] - The company has allocated HKD 4.0 million for upgrading its ERP system, expected to be fully utilized by the end of 2024[42] - No interim dividend was proposed for the nine months ended September 30, 2023, consistent with the previous year[18] - The report will be published on the Hong Kong Stock Exchange website and the company's website for at least seven days from the publication date[56]

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。 Hi-Level Technology Holdings Limited 揚 宇 科 技 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8113） 截至2023年9月30日止九個月之 第三季度業績公告 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上市的公司普遍為中小型公司，在GEM買賣的證券可能較於聯交所主 板買賣的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聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關揚宇科技控股有限公司（「本公司」）的資料。本公司的董事（「董事」）願就 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 648,431,000, a decrease of 36.2% compared to HKD 1,017,045,000 in the same period of 2022[5] - Profit attributable to owners of the company for the six months ended June 30, 2023, was HKD 10,117,000, down 22.7% from HKD 13,090,000 in the previous year[5] - Basic earnings per share for the six months ended June 30, 2023, was HKD 1.55, a decline of 22.5% compared to HKD 2.00 in 2022[5] - Gross profit for the six months ended June 30, 2023, was HKD 31,728,000, down from HKD 36,373,000 in the same period of 2022, representing a decrease of 13.5%[7] - Total comprehensive income for the six months ended June 30, 2023, was HKD 12,608,000, compared to HKD 13,090,000 in the same period of 2022, reflecting a decrease of 3.7%[7] - The company reported a total employee cost of HKD 4,075,000 for the six months ended June 30, 2023, a decrease of 10% from HKD 4,530,000 in the same period of 2022[23] - The company incurred a total cost of goods sold of HKD 635,253,000 for the six months ended June 30, 2023, down from HKD 962,122,000 in the same period of 2022, reflecting a decrease of 33.9%[23] Cash Flow and Assets - For the six months ended June 30, 2023, the company reported a net cash inflow from operating activities of HKD 119,375,000, compared to HKD 51,391,000 for the same period in 2022, representing an increase of 132.8%[11] - The company's cash and cash equivalents at the end of the period were HKD 95,877,000, down from HKD 115,602,000 at the end of June 2022, reflecting a decrease of 17.1%[11] - The company reported a net cash outflow from financing activities of HKD 118,442,000 for the six months ended June 30, 2023, compared to HKD 50,006,000 in the same period of 2022, indicating an increase of 136.5%[11] - Current assets as of June 30, 2023, totaled HKD 402,315,000, a slight decrease from HKD 409,143,000 as of December 31, 2022[8] - Current liabilities increased to HKD 364,839,000 as of June 30, 2023, compared to HKD 385,870,000 as of December 31, 2022[8] - The company experienced a foreign exchange gain of HKD 2,491,000 from its subsidiaries during the reporting period[9] - The company reported a net asset value of HKD 39,811,000 as of June 30, 2023, up from HKD 27,203,000 at the end of 2022[8] - The group reported a net cash position as of June 30, 2023, with cash and bank balances amounting to HKD 110,877,000, compared to HKD 106,896,000 on December 31, 2022[49] Equity and Liabilities - The company’s total equity as of June 30, 2023, was HKD 39,811,000, an increase from HKD 27,203,000 at the beginning of the year[9] - Trade payables as of June 30, 2023, were HKD 242,860,000, up from HKD 131,614,000 as of December 31, 2022[30] - The total transaction price allocated to the company's existing contracts as of June 30, 2023, was HKD 11,296,000, down from HKD 13,608,000 in 2022[33] - The group had no significant contingent liabilities as of June 30, 2023, consistent with the previous year[53] - The group had no significant capital commitments as of June 30, 2023[56] Operational Metrics - Accounts receivable turnover days increased to 35 days in 2023 from 26 days in 2022[49] - Inventory turnover days improved to 41 days in 2023 from 65 days in 2022, while average accounts payable turnover days increased to 55 days from 46 days[50] - The aging analysis of trade receivables showed that amounts overdue by 1 to 30 days increased to HKD 84,222,000 from HKD 81,721,000 year-on-year[28] Corporate Governance and Future Plans - The company has complied with the GEM Listing Rules and corporate governance code, with no significant deviations reported[75] - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a diverse governance structure[83] - The company plans to focus on industries supported by national policies and introduce various MCU solutions for new energy vehicles and green products in the second half of the year[43] - The company proposed a rights issue to raise up to approximately HKD 78,300,000 by issuing up to 652,770,000 new shares at a subscription price of HKD 0.12 per share[80] Dividends and Share Options - The company did not declare or pay any dividends for the financial year ended December 31, 2022[22] - The company did not recommend an interim dividend for the six months ended June 30, 2023, compared to HKD 0.01 per share for the same period in 2022[40] - The group has not issued any share options under the share option scheme during the reporting period[66] Employee and Investment Information - The total number of employees remained stable at approximately 80 as of June 30, 2023[59] - There were no major investments or acquisitions made by the group during the six months ending June 30, 2023[57]

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。 Hi-Level Technology Holdings Limited 揚 宇 科 技 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8113） 截至二零二三年六月三十日止六個月之 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上市的公司普遍為中小型公司，在GEM買賣的證券可能較於聯交所主 板買賣的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聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 ...

Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of HKD 312,280,000, a decrease of 34% from HKD 472,838,000 for the same period in 2022[3] - The profit attributable to owners of the company for the same period was HKD 4,182,000, down from HKD 5,038,000 in the previous year, representing a decline of 17%[3] - Revenue from the China market was HKD 225,896,000, a decrease of 35% from HKD 350,433,000 in the previous year[13] - Revenue from Hong Kong was HKD 75,332,000, down 29% from HKD 106,193,000 in the same period last year[13] - The total comprehensive income for the period was HKD 10,452,000, compared to HKD 5,038,000 in the same period of 2022, indicating an increase due to foreign exchange gains[5] - The financing costs increased to HKD 2,790,000 from HKD 1,198,000 in the previous year, reflecting a rise of 133%[5] - Gross profit for the same period was HKD 15,345,000, down 1% from HKD 15,541,000 year-on-year, with a gross margin increase from 3.3% to 4.9%[27] - The overall consumer electronics market remains weak, impacting sales and gross profit margins[22] Dividend Policy - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2023, consistent with the previous year[15] - The company does not recommend an interim dividend for the three months ended March 31, 2023, consistent with the previous year[21] Operational Costs - The company reported total employee costs of HKD 2,026,000 for the period, down from HKD 2,336,000 in the previous year[22] - Operating costs, including distribution and administrative expenses, decreased by 6% to HKD 8,613,000 from HKD 9,151,000 year-on-year[28] Strategic Focus - The company is focusing on developing products related to new energy vehicles and energy storage equipment, adapting to trends in the semiconductor industry[23] - The company is developing solutions for metaverse hardware applications, which are expected to drive future revenue growth[25] - The company has obtained distribution rights from E Ink, the world's largest supplier of electronic paper, and is developing applications for portable appliances and testing instruments[25] Corporate Governance - The company has complied with the applicable corporate governance code provisions during the reporting period[42] - All directors confirmed compliance with the code of conduct for securities transactions during the reporting period[46] - The audit committee reviewed the accounting principles and policies adopted by the group for the three months ending March 31, 2023[44] Shareholder Information - As of March 31, 2023, major shareholder Shijie holds 224,423,000 shares, representing 34.38% of the issued share capital[36] - The company raised approximately HKD 30 million from the placement of 150,000,000 shares in January 2016[38] - The revised use of proceeds includes HKD 4.6 million for upgrading the ERP system, with a remaining balance of HKD 4.0 million expected to be utilized by the end of 2024[39] - The company allocated HKD 11.2 million for expanding its ELA business, with HKD 3.7 million already utilized[39] Miscellaneous - The company did not grant any share options under the share option scheme during the reporting period[34] - The company has not purchased, sold, or redeemed any of its listed securities during the review period[41] - The board expresses gratitude to employees, shareholders, customers, suppliers, and business partners for their ongoing support[47]

香港交易及結算所有限公司及聯交所對本公告之內容概不負責，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之任何損失承擔任何責任。 Hi-Level Technology Holdings Limited 揚 宇 科 技 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8113） 截至二零二三年三月三十一日止三個月之 第一季度業績公告 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聯交所主 板買賣的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聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關揚宇科技控股有限公司（「本公司」）的資料。本公司的董事（「董事」）願就 ...

Financial Performance - Revenue for 2022 was HKD 1,732,213,000, a decrease of 39.2% compared to HKD 2,847,359,000 in 2021[11] - The company reported a loss attributable to owners of HKD 68,545,000, which is an increase of 46.0% from a loss of HKD 46,954,000 in the previous year[11] - Basic loss per share was HKD 10.50, up 46.0% from HKD 7.19 in 2021[11] - The gross loss for the year ended December 31, 2022, was HKD 23,553,000, an increase of 296.5% from HKD 5,940,000 in the previous year, resulting in a gross loss margin of 1.4%[30] - The net capital debt ratio was 417.4% as of December 31, 2022, compared to 182.1% as of December 31, 2021[36] - The company reported cumulative losses of HKD 133,615,000 as of December 31, 2022, which affects the reserves available for distribution to shareholders[114] - The total comprehensive income for the year was a loss of HKD 76,282,000, which includes a foreign exchange loss of HKD 7,737,000 from overseas operations[177] - The total equity as of December 31, 2022, was HKD 27,203,000, a decrease from HKD 103,485,000 at the beginning of the year, primarily due to accumulated losses[177] Sales and Market Performance - The MID segment, including tablets and smart home speakers, experienced a significant decline in sales due to pandemic-related restrictions in mainland China[17] - Sales of automotive infotainment systems increased due to rising demand in Europe and the Americas post-lockdown[18] - Sales of video camera products improved, benefiting from early pandemic recovery in Europe and the US, with increased demand for mid-to-high-end products[19] - Sales of smartphone panel modules decreased significantly due to reduced demand in domestic and emerging markets[22] Corporate Governance - The company emphasizes high levels of corporate governance to enhance its corporate image and performance[56] - The board consists of eight directors, including executive, non-executive, and independent non-executive members[58] - The company has been listed on GEM since January 7, 2016, and has complied with applicable corporate governance code provisions[56] - The independent non-executive directors confirmed their independence in accordance with GEM Listing Rules[67] - The company has established a Nomination Committee, which includes one executive director and two independent non-executive directors[77] - The board is responsible for maintaining effective risk management and internal control systems, covering financial, operational, compliance monitoring, and risk management functions[96] Future Plans and Strategies - The company plans to expand revenue sources, enhance product diversification, and explore new suppliers in response to a challenging business environment in 2023[25] - The company is actively developing new products, including applications for electronic paper in consumer electronics and solutions for the metaverse[27] - The company plans to participate in the 2023 Hong Kong Electronics Fair and the 2023 Canton Fair to showcase new products[27] Financial Management and Reporting - The company has adopted the Hong Kong Financial Reporting Standards, ensuring compliance with all relevant regulations and disclosure requirements[194] - The financial statements are prepared based on historical cost, except for certain financial instruments measured at fair value[195] - The independent auditor's report confirms that the consolidated financial statements fairly present the financial position of the group as of December 31, 2022[156] Inventory and Cash Management - The company implemented strict inventory control measures, reducing year-end inventory levels to normal levels[16] - The carrying amount of inventory was HKD 140,771,000, net of a provision of HKD 48,727,000[160] - The company’s inventory decreased significantly by HKD 295,777,000 compared to an increase of HKD 302,579,000 in the previous year, indicating improved inventory management[182] - The cash and cash equivalents at the end of the year were HKD 91,896,000, a decrease from HKD 98,864,000 at the beginning of the year[184] Employee and Management Structure - The company is committed to providing adequate training for employees to ensure they possess the necessary qualifications and experience for their roles[97] - The remuneration policy for employees is based on merit, qualifications, skills, and job nature, with directors' remuneration determined by the remuneration committee[144] - The company has established a management structure that defines authority to assist in achieving business objectives and protecting assets from unauthorized use[96]

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。 Hi-Level Technology Holdings Limited 揚 宇 科 技 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8113） 截至二零二二年十二月三十一日止年度 全年業績 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 所主板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，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市的公司普遍為中小型公司，在GEM買賣的證券可能較於聯交所主 板買賣的證券承受較大的市場波動風險，同時亦無法保證在GEM買賣的證券會有 高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關揚 宇科技控股有限公司（「本公司」）的資料。而本公司各董事（「董事」）願就本公告共 ...

Financial Performance - Revenue for the nine months ended September 30, 2022, was HKD 1,324,288, a decrease of 39% compared to HKD 2,206,347 in the same period of 2021[4] - The company reported a loss attributable to owners of HKD 16,280 for the nine months ended September 30, 2022, compared to a profit of HKD 33,217 in the same period of 2021, representing a 149% decline[4] - Basic loss per share for the nine months ended September 30, 2022, was HKD (2.49), down 149% from HKD 5.09 in the same period of 2021[4] - Gross loss for the nine months ended September 30, 2022, was HKD 15,957, compared to a gross profit of HKD 69,447 in the same period of 2021[6] - Total comprehensive loss for the nine months ended September 30, 2022, was HKD 21,836, compared to total comprehensive income of HKD 33,217 in the same period of 2021[6] - Gross profit for the nine months ended September 30, 2022, was HKD 15,957,000, down 77% from HKD 69,447,000 in the same period of 2021, resulting in a gross margin decline from 3.2% to 1.2%[29] Dividends and Shareholder Information - The company did not declare an interim dividend for the nine months ended September 30, 2022, compared to an interim dividend of HKD 1.00 per share in the same period of 2021[4] - The company did not declare an interim dividend for the nine months ended September 30, 2022, compared to an interim dividend of HKD 0.01 per share in 2021[24] - As of September 30, 2022, the company had a total of 652,000,000 shares issued, with Dr. Yan holding 267,545,861 shares, representing 40.99% of the total issued shares[33] - The company’s major shareholder, Shijie, holds 224,423,000 shares, representing 34.38% of the total issued shares[39] - The company did not grant any share options under its share option scheme during the reporting period, with a maximum of 60,000,000 shares available for issuance, equivalent to approximately 9.2% of the total issued shares[37] Costs and Expenses - The company experienced a significant increase in sales costs, which amounted to HKD 1,326,331 for the nine months ended September 30, 2022, compared to HKD 2,136,900 in the same period of 2021[6] - Administrative expenses decreased to HKD 16,441 for the nine months ended September 30, 2022, from HKD 19,915 in the same period of 2021[6] - The company incurred financing costs of HKD 4,152 for the nine months ended September 30, 2022, compared to HKD 1,806 in the same period of 2021[6] - Operating costs (distribution costs and administrative expenses) for the nine months ended September 30, 2022, were HKD 27,787,000, a 9% decrease from HKD 30,387,000 in the same period of 2021[30] Market Conditions and Business Outlook - The company experienced weak customer demand and adverse business conditions, including lockdowns in China and geopolitical tensions, impacting overall performance[25] - The company noted that panel supply was excessive due to high inventory levels among tablet manufacturers, affecting the small display panel business[25] - The company plans to explore new market opportunities in Southeast Asia and India, focusing on strong IC solutions for various metaverse hardware applications[26] Foreign Exchange and Compliance - The company reported a foreign exchange loss of HKD 5,556 related to its overseas operations for the nine months ended September 30, 2022[6] - The company recorded a net foreign exchange loss of HKD 2,879,000 for the nine months ended September 30, 2022[20] - The company reported that it has complied with the GEM Listing Rules and corporate governance code, with no significant deviations noted[46] - The company has adopted the GEM Listing Rules as its own code of conduct for securities trading by directors, confirming compliance as of September 30, 2022[49] Future Plans and Allocations - The company allocated HKD 11.2 million for expanding its product range, including automotive infotainment and AI & IoT development, with a remaining balance of HKD 7.5 million expected to be utilized by the end of 2024[43] - The company plans to utilize the remaining proceeds for the development of metaverse hardware, with an expected expenditure of HKD 7.5 million by the end of 2024[43] Governance and Acknowledgments - The company’s audit committee reviewed the accounting principles and policies, internal controls, and risk management for the nine months ending September 30, 2022[48] - The board expresses gratitude to all employees for their contributions and efforts, as well as to shareholders, customers, suppliers, and business partners for their long-term support[51] - The report will be available on the Hong Kong Stock Exchange website for at least seven days from the date of publication[52]

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 1,017,045, a decrease of 34% compared to HKD 1,551,575 in 2021[6] - Profit attributable to owners of the company for the same period was HKD 13,090, down 57% from HKD 30,146 in 2021[6] - Basic earnings per share decreased to HKD 2.00, a 57% decline from HKD 4.62 in the previous year[6] - Gross profit for the six months was HKD 36,373, down from HKD 56,207, reflecting a significant decrease in gross margin[8] - Total revenue for the six months ended June 30, 2022, was HKD 1,017,045,000, down 34.4% from HKD 1,551,575,000 in the same period of 2021[20] - Revenue from the China market for the six months ended June 30, 2022, was HKD 746,326,000, representing a decrease of 22.3% compared to HKD 960,832,000 in the same period of 2021[20] - The company reported a net profit attributable to shareholders of HKD 13,090,000 for the six months ended June 30, 2022, down 56.5% from HKD 30,146,000 in the same period of 2021[29] - The total employee costs for the six months ended June 30, 2022, amounted to HKD 4,530,000, a decrease of 35.7% from HKD 7,039,000 in the same period of 2021[27] - The company incurred a net foreign exchange loss of HKD 1,688,000 for the six months ended June 30, 2022, compared to no loss in the same period of 2021[27] - The profit attributable to owners for the six months ended June 30, 2022, was HKD 13,090,000, a decrease of 57% compared to HKD 30,146,000 for the same period in 2021[52] Dividends - The company did not declare an interim dividend for 2022, compared to HKD 1.00 per share in 2021[6] - The company did not recommend an interim dividend for the six months ended June 30, 2022, compared to HKD 0.01 per share for the same period in 2021[44] - The company did not declare or pay any dividends for the financial year ended December 31, 2021[25] Assets and Liabilities - Total assets as of June 30, 2022, were HKD 696,524, a decrease from HKD 745,050 at the end of 2021[10] - Current liabilities amounted to HKD 596,694, down from HKD 647,795 in the previous year[10] - The total amount of trade and other receivables was HKD 151,147,000, slightly up from HKD 146,694,000 in 2021[31] - Trade receivables amounted to HKD 107,985,000 as of June 30, 2022, down from HKD 132,197,000 at the end of 2021[31] - Trade payables were HKD 322,430,000 as of June 30, 2022, compared to HKD 308,790,000 at the end of 2021[34] Cash Flow - The company reported a net cash inflow from operating activities, reflecting ongoing operational efficiency despite the revenue decline[8] - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 51,391,000, a significant improvement from a net cash outflow of HKD 134,516,000 in the same period of 2021[13] - The company’s financing activities resulted in a net cash outflow of HKD 50,006,000 for the six months ended June 30, 2022, compared to a net cash inflow of HKD 106,139,000 in the same period of 2021[13] - The total cash and cash equivalents at the end of the period increased to HKD 115,602,000 from HKD 113,864,000 at the beginning of the period[13] - The bank balance and cash amounted to HKD 115,602,000 as of June 30, 2022, compared to HKD 113,864,000 on December 31, 2021[54] Financial Ratios - As of June 30, 2022, the current ratio was 117%, slightly up from 115% on December 31, 2021[54] - The net debt-to-equity ratio was 102% as of June 30, 2022, down from 182% on December 31, 2021[55] - The average accounts receivable turnover days increased to 21 days in the reporting period, compared to 18 days in 2021[54] - The inventory turnover days increased to 83 days, while the average accounts payable turnover days increased to 58 days, compared to 46 days and 39 days in 2021, respectively[54] Market Conditions and Strategy - The company faced a supply surplus in the panel market, leading to downward pressure on panel prices and a decrease in panel sales compared to the previous year[46] - The company plans to strengthen inventory control and cash flow management in response to market uncertainties and price competition in the panel sector[48] Corporate Governance and Compliance - The company has complied with the GEM Listing Rules and corporate governance codes during the reporting period[78] - No purchases, sales, or redemptions of the company's listed securities were made during the review period[77] Employee and Operational Information - The total number of employees remained stable at approximately 100 as of June 30, 2022[64] - The company did not grant any share options under the share option scheme during the reporting period[70] Investments and Future Plans - The company plans to upgrade its ERP system with an allocated budget of HKD 4.6 million, of which HKD 0.6 million has been utilized[75] - For expanding the ELA business, HKD 11.2 million was allocated, with HKD 3.7 million utilized for R&D personnel expenses and equipment purchases[75] - The company allocated HKD 11.2 million for expanding product categories, with full utilization of HKD 11.2 million for automotive infotainment and drone Wi-Fi transmission[75] - The company has earmarked HKD 5.6 million for artificial intelligence and IoT development, which has been fully utilized[75] - The company plans to develop metaverse hardware with a revised allocation of HKD 7.5 million, expected to be utilized by the end of 2024[75] - General working capital was allocated HKD 3.0 million, which has been fully utilized[75] Other Financial Information - There were no significant contingent liabilities as of June 30, 2022, consistent with the previous year[57] - The group did not hold any significant investments or conduct major acquisitions or disposals during the reporting period[62]