Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 163.79 million, an increase of 11.5% compared to HKD 145.48 million for the same period in 2020[7] - The net profit for the six months ended June 30, 2021, was HKD 6.04 million, a decrease of 57.8% from HKD 14.60 million in the same period of 2020[7] - The total comprehensive income for the second quarter of 2021 was HKD 7.44 million, compared to HKD 13.53 million in the second quarter of 2020[7] - The company reported a loss before tax of HKD 8,772,000 for the six months ended June 30, 2021, compared to a profit of HKD 7,080,000 for the same period in 2020[25] - Net profit attributable to the company's owners was approximately HKD 6.2 million, a decrease of about 2% compared to HKD 6.3 million in the same period in 2020[55] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 275.59 million, an increase from HKD 179.34 million as of December 31, 2020[8] - Current liabilities increased significantly to HKD 211.78 million from HKD 123.93 million as of December 31, 2020[9] - Non-current liabilities increased to HKD 212.69 million as of June 30, 2021, compared to HKD 124.83 million as of December 31, 2020[9] - The company’s total liabilities increased to HKD 166,159,000 as of June 30, 2021, compared to HKD 78,761,000 as of December 31, 2020[39] Equity and Earnings - The company reported a basic and diluted earnings per share of HKD 0.94 for the six months ended June 30, 2021, down from HKD 2.25 for the same period in 2020[7] - The company's equity attributable to owners increased to HKD 136.86 million as of June 30, 2021, from HKD 133.68 million as of December 31, 2020[9] - The company’s total equity increased to HKD 136,860,000 as of June 30, 2021, from HKD 129,672,000 at the beginning of the year[12] Cash Flow - For the six months ended June 30, 2021, the net cash used in operating activities was HKD (15,549,000), compared to HKD (30,426,000) for the same period in 2020, indicating a significant improvement[15] - The total cash and cash equivalents at the end of the period were HKD 54,585,000, slightly down from HKD 56,305,000 at the end of June 2020[15] - The company’s financing activities generated net cash of HKD 16,671,000 during the reporting period, compared to HKD 5,873,000 in the prior year[15] Revenue Breakdown - Revenue from OEM customers was HKD 97,727,000, while revenue from retail distributors was HKD 52,532,000 for the six months ended June 30, 2021[25] - The electronic products segment generated revenue of approximately HKD 150.3 million, an increase of about 5.8% compared to the same period in 2020 (HKD 142.1 million)[46] - The construction design segment contributed revenue of approximately HKD 13.5 million, a decrease of about 7.5% compared to the same period in 2020 (HKD 14.6 million)[47] Operational Focus - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[7] - The company continues to focus on expanding its product offerings in the computer and multimedia electronics sectors, aiming to enhance revenue streams[21] Other Financial Metrics - The average credit period granted by trade suppliers ranges from 30 to 150 days[39] - Selling and distribution expenses rose by 11.5% to approximately HKD 3.8 million, primarily due to costs associated with operating an online store and additional marketing efforts[52] - Administrative expenses decreased by approximately 2.4% to HKD 21.8 million compared to HKD 22.3 million in the same period in 2020[53] - The group recorded a tax credit of approximately HKD 14.8 million for the period, compared to a tax expense of HKD 1.2 million in the same period in 2020[54] Shareholder Information - The company did not recommend any interim dividend for the six-month period ended June 30, 2021, consistent with the previous year[35] - The company has not granted any share options under the incentive scheme since its adoption in December 2001[67] - There were no arrangements made for directors to benefit from purchasing shares or debentures of the company or any other entity during the half-year period[68] - The company maintained sufficient public float throughout the half-year period[69] - The company has complied with the GEM Listing Rules regarding the required standards for directors' securities transactions[70]

Financial Performance - Revenue for the first quarter of 2021 was HKD 73,196,000, representing a 32.2% increase from HKD 55,390,000 in the same period of 2020[10] - Gross profit for the first quarter of 2021 was HKD 7,168,000, with a gross margin of 9.8%, compared to HKD 4,694,000 and 8.5% in the first quarter of 2020[10] - The net loss for the first quarter of 2021 was HKD 5,981,000, an improvement from a net loss of HKD 8,699,000 in the same period of 2020[10] - The total comprehensive loss for the first quarter of 2021 was HKD 4,387,000, compared to HKD 7,703,000 in the same period of 2020[10] - The company recorded a pre-tax loss of approximately HKD 5,854,000 for the period, compared to a loss of HKD 8,441,000 in the same period of 2020[28] - Other income for the period was approximately HKD 845,000, slightly down from HKD 854,000 in the same period of 2020[41] Earnings Per Share - The company reported a basic loss per share of HKD 0.83 for the first quarter of 2021, compared to HKD 1.24 for the same period in 2020[10] - The basic loss per share for the period was 0.83 HKD cents, improved from 1.24 HKD cents in the first quarter of 2020[29] Revenue Breakdown - OEM customers contributed HKD 43,898,000, accounting for 60.0% of total revenue, up from 52.1% in the previous year[20] - Retail distributors generated HKD 25,768,000 in revenue, representing 35.2% of total revenue, compared to 37.0% in the prior year[20] - The company provided comprehensive construction services that generated HKD 3,530,000, which was 4.8% of total revenue, down from 10.9% in the previous year[20] - The electronic products segment generated revenue of approximately HKD 69,666,000, a growth of about 41.1% from HKD 49,369,000 in the first quarter of 2020[35] - The construction design segment reported revenue of approximately HKD 3,530,000, a decrease of about 41.4% from HKD 6,021,000 in the same period of 2020[36] - Total revenue for the first quarter of 2021 was approximately HKD 73,196,000, representing a 32.1% increase compared to HKD 55,390,000 in the same period of 2020[39] Expenses - Selling and distribution expenses were approximately HKD 1,745,000, a 19.0% increase from HKD 1,466,000 in the same period of 2020, attributed to increased marketing efforts[42] - Administrative expenses decreased by approximately 11.4% to HKD 8,445,000 from HKD 10,163,000 in the first quarter of 2020, due to ongoing cost control measures[43] Future Strategies - The company aims to expand its market presence and enhance product offerings in the upcoming quarters[10] - Future strategies include focusing on research and development of new products to drive growth and improve financial performance[10] Shareholding and Governance - As of March 31, 2021, PT Design holds 355,620,000 shares, representing 50.51% of the company's issued ordinary shares[51] - Mr. Pang Guoxi has a controlled interest in 74,403,000 shares, accounting for 10.57% of the issued share capital[51] - The company has not granted any share options under the incentive scheme since its adoption[55] - The company maintained sufficient public float during the reporting period[57] - The audit committee, consisting of three independent non-executive directors, reviewed the financial results for the three months ending March 31, 2021[70] Dividend Policy - The company did not recommend any dividend payment for the period, consistent with the previous year[27]

Financial Performance - The Group recorded revenue of approximately HK$292.7 million for the year ended 31 December 2020, representing a decrease of approximately 15.9% compared to 2019[34] - The loss attributable to owners of the Company was approximately HK$4.6 million in 2020, compared to a profit of HK$12.3 million in 2019[34] - The electronics business experienced a revenue decline of 6.9% and a gross profit decline of 8.8% compared to the previous year[35] - The master-planning and architectural design business saw revenue decrease to approximately HK$31.1 million, a decline of approximately 53.6% from HK$67.1 million in 2019[36] - For the year ended December 31, 2020, the Group recorded revenue of approximately HK$292.7 million, a decrease of about 15.9% compared to 2019[38] - The Group reported a loss attributable to owners of approximately HK$4.6 million for the year, compared to a profit of HK$12.3 million in 2019[38] - Revenue from the Electronics Business decreased by approximately 6.9% to HK$261.6 million in 2020, down from HK$280.9 million in 2019[57] - Gross profit from the Electronics Business was approximately HK$39.1 million in 2020, compared to HK$42.9 million in 2019, with a stable gross profit margin of approximately 15.0%[57] - The Architectural Design Business experienced a more severe impact, with revenue dropping approximately 53.6% to about HK$31.1 million in 2020 from approximately HK$67.1 million in 2019[38] - The Group reported a net loss attributable to owners of approximately HK$4.6 million in 2020, compared to a net profit of approximately HK$12.3 million in 2019, primarily due to the adverse impact of COVID-19[66] Cash Position and Expenditures - The Group had cash on hand of approximately HK$56.4 million as of 31 December 2020, with no outstanding bank borrowings[37] - The Group maintained a strong cash position of approximately HK$56.4 million as of December 31, 2020, with no outstanding bank borrowings[39] - The Group's liquidity position as of December 31, 2020, included net current assets of approximately HK$55.4 million and cash and bank balances of approximately HK$56.4 million, with a current ratio of approximately 1.45[76] - Capital expenditures in 2020 amounted to approximately HK$6.0 million, an increase from approximately HK$4.0 million in 2019[76] - The Group incurred capital expenditure of HK$6.0 million during the Year, primarily for the purchase of new environmentally friendly production equipment in Guangdong province[141] Dividends and Shareholder Value - The Directors do not recommend the payment of a final dividend for the year ended December 31, 2020, due to an unstable external business environment expected in 2021[48] - The company plans to enhance shareholder value through new strategies aimed at maximizing asset utilization and pursuing growth via M&A and partnerships[82] - The Company’s distributable reserve available for shareholders as of December 31, 2020 amounted to HK$Nil[151] Business Strategy and Future Plans - The Group plans to explore new products in the electronic and design industries and develop innovative products with the latest technologies[43] - The Group aims to build e-commerce and omnichannel retail for its electronic products and redesign production lines and supply chains to adapt to external challenges[44] - The Group remains confident in its performance for the coming year despite the challenges posed by the COVID-19 pandemic[45] - The Group plans to introduce an interior design business to complement its current architectural design services, targeting both residential and commercial spaces[77] - The Electronics Business faces challenges due to the Sino-US trade conflict, prompting the Group to consider diversifying production lines to Southeast Asia and India[80] - The company is adapting its architectural design strategy based on deep market understanding to offer innovative solutions[83] - The company is exploring potential opportunities to address the challenges posed by trade wars and shifting supply chains[84] Marketing and Sales Initiatives - The company has initiated an omnichannel marketing strategy by launching an online store on a renowned e-commerce platform in China, with plans to partner with at least five more platforms[81] - The company has initiated a multi-channel marketing strategy by opening stores on major e-commerce platforms in China since December 2020, with plans to expand to at least five platforms[85] Administrative and Operational Insights - Administrative expenses increased by approximately 26.3% to HK$47.8 million in 2020, up from approximately HK$37.9 million in 2019, mainly due to a one-off additional royalty charge and legal fees related to corporate restructuring[65] - The Group adopted various environmental policies during the Year 2020 to improve environmental quality, including using recycled materials and reducing electricity consumption[129] - The Group plans to implement additional environmental policies as necessary to ensure responsible business operations[135] Corporate Governance and Compliance - The Company is subject to corporate governance codes requiring directors to retire by rotation at least once every three years[154] - The Company complied with the disclosure requirements under Chapter 20 of the GEM Listing Rules regarding related party transactions[198] - All independent non-executive Directors confirmed their independence as per Rule 5.09 of the GEM Listing Rules[175] Management and Directors - Dr. Fong has been an independent non-executive director since January 10, 2019, and is a member of the audit committee[106] - Dr. Yan has nearly 10 years of experience in the medical industry and has been employed by the Hospital Authority since July 2011[113] - Dr. Feng has led various companies through initial public offerings and mergers and acquisitions since becoming a PRC sponsor representative in 2015[121] - Dr. Feng was recognized as one of the Top Ten Innovative Figures in International Finance Managers in China in 2017[121] - Dr. Feng holds multiple degrees, including a doctoral degree in business administration obtained in August 2018 from EuroPort Business School[122] - Dr. Yan is the chairman of the audit committee and the remuneration committee, and a member of the strategy and development committee[112] - Dr. Fong has served in various senior positions in the Government of Hong Kong for over 25 years prior to his current role[107] - Dr. Yan obtained his Bachelor of Medicine and Bachelor of Surgery degree from the University of Hong Kong in November 2011[114] - Dr. Feng is a registered PRC lawyer and holds several professional qualification certificates, including Financial Risk and Regulation Certificate[121] Supplier and Customer Insights - The Group's largest supplier accounted for approximately 5.8% of total purchases, while the top five suppliers accounted for about 22.6% of total purchases for the Year 2020[137] - The largest customer represented around 19.7% of total turnover, and the top five customers accounted for approximately 65.9% of total turnover for the Year 2020[137] Related Party Transactions - The total contract sum payable by the Group to PT Shenzhen was RMB 8.2 million (approximately HK$ 9.3 million) for subcontracting architectural schematic design work[185] - The annual caps for architectural schematic design work subcontracted by the Group to PT Consultants were HK$ 75.0 million for the years ended December 31, 2018 and 2019, and HK$ 37.5 million for the six months ending June 30, 2020[188] - The annual caps for master planning work subcontracted by PT Consultants to the Group were HK$ 25.0 million for the years ended December 31, 2018 and 2019, and HK$ 12.5 million for the six months ending June 30, 2020[189] - No new subcontracting agreements were entered into between the Group and PT Consultants for the year ended December 31, 2020[188] - The Company had no transactions that needed to be disclosed as connected transactions during the year ended December 31, 2020[191] - There were no significant contracts involving directors with material interests at the end of the year or during the year ended December 31, 2020[182] - The Company did not enter into any arrangements to enable directors to acquire benefits through the purchase of shares or debentures during the year 2020[178] - PT Shenzhen is wholly owned by PT Consultants, which is owned 27.6% by Mr. Wang, 22.0% by Mr. Kong Lixing, and 13.6% by Mr. Zhao Guo Xing[200]

輝 煌 科 技 ( 控 股 ) 有 限 公 司 (於開曼群島註冊成立並於百慕達存續之有限公司) 股份代號 : 8159 第三季度業績報告 2020 輝煌科技（控股）有限公司 第三季度業績報告2020 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位乃為相較其他在聯交所上市之公司帶有更高投資風險之中小型公司提供一個上市之 市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳考慮後方作出投資決 定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承受更 大市場波動風險，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的 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，旨在提供有關輝煌 科技（控股）有限公司（「本公司」，連同其附屬公司統稱「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 ...

輝 煌 科 技 ( 控 股 ) 有 限 公 司 (於開曼群島註冊成立並於百慕連存續之有限公司) 股份代號: 8159 中期報告 2020 輝煌科技（控股）有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位乃為相較其他在聯交所上市之公司帶有更高投資風險之中小型公司提供一個上市之 市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳考慮後方作出投資決 定。 由於在GEM上市之公司一般為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承 受更大市場波動風險，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的 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，旨在提供有關輝煌 科技（控股）有限公司（「本公司」，連同其附屬公司統稱「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，確認就其所深 知及確信，本報 ...

GLORY MARK HI-TECH (HOLDINGS) LIMITED 輝 煌 科 技 ( 控 股 ) 有 限 公 司 (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立並於百慕達存續之有限公司) Stock Code 股份代號: 8159 0100 011 10000111 1000010110 11010000 年報 ANNUAL REPORT 2019 STATO TO I 000000101 0011010 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than ot ...

[Report Overview](index=1&type=section&id=Report%20Overview) [GEM Listing Features and Disclaimer](index=2&type=section&id=GEM%20Listing%20Features%20and%20Disclaimer) The report emphasizes GEM's high-risk nature for investors, with HKEX disclaiming responsibility and directors affirming data accuracy - The GEM market is positioned as a listing platform for small and medium-sized companies with higher investment risks, and investors should understand potential risks and invest cautiously[2](index=2&type=chunk) - Hong Kong Exchanges and Clearing Limited and the Stock Exchange are not responsible for the content of this report, make no representation, and expressly disclaim any liability for any loss[2](index=2&type=chunk) - The company's directors collectively and individually accept full responsibility for the information in this report, confirming its accuracy, completeness, and absence of misleading or fraudulent content[3](index=3&type=chunk) [Financial Performance](index=3&type=section&id=Financial%20Performance) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Group reported a **HK$8,699 thousand loss** for the period, a significant decline from profit, driven by a **29.3% revenue drop** and **56.7% gross profit decrease**, leading to a **1.32 HK cents basic loss per share** Key Data from Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :--------------------------- | :------------------ | :------------------ | :--------- | | Revenue | 55,390 | 78,369 | -29.3% | | Cost of sales | (50,696) | (67,525) | -24.9% | | Gross profit | 4,694 | 10,844 | -56.7% | | Other income | 854 | 913 | -6.57% | | Profit (Loss) before tax | (8,279) | 1,168 | -809.0% | | Income tax expense | (420) | (723) | -41.9% | | Profit (Loss) for the period | (8,699) | 445 | -2054.8% | | Earnings (Loss) per share | (1.32) HK cents | 0.07 HK cents | -1985.7% | - Total comprehensive income (expense) for the period was **(HK$7,703 thousand)**, compared to **HK$777 thousand** in the same period last year, primarily impacted by the loss for the period[6](index=6&type=chunk) [Notes to the Financial Statements](index=4&type=section&id=Notes%20to%20the%20Financial%20Statements) These notes provide essential background on the company's accounting policies, revenue recognition, segment data, tax treatment, dividends, earnings per share, and reserve changes [General Information and Basis of Presentation](index=4&type=section&id=General%20Information%20and%20Basis%20of%20Presentation) The Company, an investment holding entity listed on GEM since 2002, presents its consolidated financial statements in HKD, with USD as its functional currency, adhering to GEM Listing Rules and HKFRS - The Company is an investment holding company, with its shares listed on GEM on **January 4, 2002**[8](index=8&type=chunk)[9](index=9&type=chunk) - The consolidated financial statements are presented in **Hong Kong dollars**, with the functional currency being **US dollars**, prepared in accordance with GEM Listing Rules and Hong Kong Financial Reporting Standards[8](index=8&type=chunk)[9](index=9&type=chunk) [Significant Accounting Policies](index=4&type=section&id=Significant%20Accounting%20Policies) The unreviewed three-month consolidated financial statements are prepared using historical cost, with investment properties at fair value, consistent with 2019 policies - The financial statements are prepared under the historical cost convention, with investment properties measured at fair value[10](index=10&type=chunk) - Accounting policies are consistent with those in the **2019 annual financial statements**[10](index=10&type=chunk) [Revenue Recognition](index=4&type=section&id=Revenue%20Recognition) Revenue is recognized from connector product sales (net of discounts) and architectural services, based on completion stage or cost recovery, with immediate expense recognition for expected losses - Revenue refers to the sale of connector products (used in computers, consumer electronics, communications, automotive electronics, medical equipment, etc.) and the provision of subcontracting services, recognized after deducting discounts and returns[11](index=11&type=chunk) - Revenue and costs from comprehensive architectural services are recognized based on contract pricing and stage of completion; if results cannot be reliably estimated, they are recognized when costs are likely to be recovered[14](index=14&type=chunk) - When total contract costs are likely to exceed total contract revenue, expected losses are immediately recognized as expenses[15](index=15&type=chunk) [Segment Information](index=5&type=section&id=Segment%20Information) The Group's segments, based on customer type and business, saw reduced sales across OEM, retail, and architectural services, with South Korea experiencing the most significant regional decline Major Customer Information (For the three months ended March 31) | Customer Category | 2020 (HK$ thousand) | 2020 (%) | 2019 (HK$ thousand) | 2019 (%) | | :------------------------------------- | :------------------ | :------- | :------------------ | :------- | | OEM Customers | 28,846 | 52.1 | 42,162 | 53.8 | | Retail Distributors | 20,523 | 37.0 | 26,661 | 34.0 | | Provision of comprehensive architectural services | 6,021 | 10.9 | 9,546 | 12.2 | | **Total** | **55,390** | **100.0**| **78,369** | **100.0**| Sales Analysis by Customer Market Region (For the three months ended March 31) | Region | 2020 (HK$ thousand) | 2020 (%) | 2019 (HK$ thousand) | 2019 (%) | | :-------------------------- | :------------------ | :------- | :------------------ | :------- | | United States of America | 15,112 | 27.3 | 15,439 | 19.7 | | Japan | 13,583 | 24.5 | 18,337 | 23.4 | | South Korea | 9,910 | 17.9 | 24,808 | 31.7 | | People's Republic of China | 7,591 | 13.7 | 9,901 | 12.6 | | Taiwan | 6,225 | 11.2 | 6,835 | 8.7 | | Other regions | 2,969 | 5.4 | 3,049 | 3.9 | | **Total** | **55,390** | **100.0**| **78,369** | **100.0**| [Profit (Loss) Before Tax](index=6&type=section&id=Profit%20%28Loss%29%20Before%20Tax) The Group reported a **HK$8,279 thousand loss before tax** for the period, a significant decline from the prior year's profit, after accounting for depreciation and amortization Composition of Profit (Loss) Before Tax (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | | :----------------------- | :------------------ | :------------------ | | Depreciation and amortization | 1,634 | 1,814 | - The loss before tax for the period was **HK$8,279 thousand**, compared to a profit of **HK$1,168 thousand** in the same period last year[6](index=6&type=chunk) [Income Tax Expense](index=6&type=section&id=Income%20Tax%20Expense) Income tax expense decreased to **HK$420 thousand**, primarily China enterprise income tax, with no Hong Kong profits tax or deferred tax provisions due to no assessable profits or significant timing differences - Income tax expense for the period was approximately **HK$420 thousand**, a decrease from **HK$723 thousand** in the same period last year[40](index=40&type=chunk) - The tax provision made refers to China enterprise income tax; no Hong Kong profits tax provision was made as there were no assessable profits in Hong Kong[20](index=20&type=chunk) - No deferred tax provision was made for the period or at the reporting date due to the absence of significant timing differences[20](index=20&type=chunk) [Dividends](index=7&type=section&id=Dividends) The Board does not recommend any dividend payment for the period, consistent with the prior year - The Board does not recommend the payment of any dividend for the period (for the three months ended March 31, 2019: nil)[23](index=23&type=chunk) [Earnings (Loss) Per Share](index=7&type=section&id=Earnings%20%28Loss%29%20Per%20Share) Basic loss per share was **1.32 HK cents**, a decline from prior year's earnings, calculated from a **HK$8,441 thousand loss** attributable to shareholders and **640 million weighted average shares** - Basic loss per share for the period was **1.32 HK cents**, compared to earnings per share of **0.07 HK cents** in the same period last year[6](index=6&type=chunk)[24](index=24&type=chunk) - Loss per share is calculated based on a loss attributable to shareholders of approximately **HK$8,441 thousand** and a weighted average of **640,000,000 shares**[24](index=24&type=chunk) [Reserves](index=7&type=section&id=Reserves) Group reserves changed due to a **HK$8,441 thousand loss** attributable to shareholders and a **HK$996 thousand increase** in exchange fluctuation reserve - Changes in the Group's reserves primarily include a loss attributable to shareholders of approximately **HK$8,441 thousand** (2019: profit of HK$445 thousand) and an increase in exchange fluctuation reserve of approximately **HK$996 thousand** (2019: increase of HK$332 thousand)[25](index=25&type=chunk) [Management Discussion and Analysis](index=8&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=8&type=section&id=Business%20Review) Both the electronics and architectural design businesses experienced significant revenue declines due to the COVID-19 pandemic, leading management to adopt a conservative outlook and implement mitigation strategies [Electronics Business](index=8&type=section&id=Electronics%20Business) The electronics business, impacted by COVID-19 on global demand and China's production, saw revenue decrease by **28.3% to HK$49,369 thousand**, prompting efforts to fulfill orders and launch high-value products - The electronics business primarily engages in the design, manufacturing, and sale of connector products, and is one of the world's leading VGA cable manufacturers[28](index=28&type=chunk) - During the period, the global COVID-19 pandemic adversely affected global consumer demand for electronic products and the Group's production capacity and efficiency in China[28](index=28&type=chunk) Electronics Business Revenue (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :------------- | :------------------ | :------------------ | :--------- | | Business Revenue | 49,369 | 68,823 | -28.3% | - The Group has made every effort to fulfill orders, maintain close contact with customers, and launch high-value-added products to mitigate negative impacts[28](index=28&type=chunk) [Architectural Design Business](index=9&type=section&id=Architectural%20Design%20Business) The architectural design business, despite prior growth, saw revenue decline by **36.9% to HK$6,021 thousand** due to COVID-19-related project suspensions in China, leading to a conservative outlook - The architectural design business has shown satisfactory revenue growth since its launch in **Q3 2017**, but during the period, it was impacted by the COVID-19 pandemic, leading to the suspension of design projects in China[32](index=32&type=chunk) Architectural Design Business Revenue (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :------------- | :------------------ | :------------------ | :--------- | | Business Revenue | 6,021 | 9,546 | -36.9% | - Given the adverse and uncertain economic conditions, the directors hold a conservative view on the Group's future quarterly performance[32](index=32&type=chunk) [Financial Review](index=9&type=section&id=Financial%20Review) The Group experienced a **29.3% turnover decrease**, **56.7% gross profit reduction**, and a **5.3 percentage point drop in gross margin** to **8.5%**, driven by pandemic-related production scale and fixed costs, alongside reduced selling expenses, increased administrative expenses, and lower income tax [Turnover](index=9&type=section&id=Turnover) Turnover for the period was approximately **HK$55,390 thousand**, representing a **29.3% decrease** from the prior year Turnover (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :------- | :------------------ | :------------------ | :--------- | | Turnover | 55,390 | 78,369 | -29.3% | [Gross Profit](index=9&type=section&id=Gross%20Profit) Gross profit decreased by **56.7% to HK$4,694 thousand**, with gross margin falling from **13.8% to 8.5%**, mainly due to reduced production scale and unreduced fixed costs during COVID-19 Gross Profit and Gross Margin (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :----------- | :------------------ | :------------------ | :--------- | | Gross profit | 4,694 | 10,844 | -56.7% | | Gross margin | 8.5% | 13.8% | -5.3pp | - The decrease in gross margin was primarily due to reduced production scale during the COVID-19 pandemic, while some fixed costs could not be lowered[34](index=34&type=chunk) [Other Income](index=9&type=section&id=Other%20Income) Other income for the period was approximately **HK$854 thousand**, a slight decrease from the prior year Other Income (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :--------- | :------------------ | :------------------ | :--------- | | Other income | 854 | 913 | -6.57% | [Selling and Distribution Expenses](index=9&type=section&id=Selling%20and%20Distribution%20Expenses) Selling and distribution expenses decreased by **31.4% to HK$1,466 thousand**, primarily attributable to reduced revenue during the period Selling and Distribution Expenses (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :------------------------- | :------------------ | :------------------ | :--------- | | Selling and distribution expenses | 1,466 | 2,138 | -31.4% | - The decrease in selling and distribution expenses was due to reduced revenue during the period[36](index=36&type=chunk) [Administrative Expenses](index=9&type=section&id=Administrative%20Expenses) Administrative expenses increased by approximately **23.0% to HK$10,163 thousand** for the period Administrative Expenses (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :----------------- | :------------------ | :------------------ | :--------- | | Administrative expenses | 10,163 | 8,261 | +23.0% | [Finance Costs](index=9&type=section&id=Finance%20Costs) The Group incurred no finance costs during the current or prior period - The Group incurred no finance costs during the period or for the three months ended March 31, 2019[38](index=38&type=chunk) [Income Tax Expense](index=10&type=section&id=Income%20Tax%20Expense) Income tax expense for the period was approximately **HK$420 thousand**, a decrease from the prior year Income Tax Expense (For the three months ended March 31) | Metric | 2020 (HK$ thousand) | 2019 (HK$ thousand) | Change (%) | | :--------------- | :------------------ | :------------------ | :--------- | | Income tax expense | 420 | 723 | -41.9% | [Equity and Corporate Governance](index=10&type=section&id=Equity%20and%20Corporate%20Governance) [Directors' and Chief Executive's Interests](index=10&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests) As of March 31, 2020, Mr. Wang Lifeng, through PT Design Group Holdings Limited, was the largest single shareholder, holding **55.57%** of the issued share capital, with no other directors or executives holding interests Directors' and Chief Executive's Interests in Shares (As at March 31, 2020) | Name of Director/Entity | Capacity | Number of issued ordinary shares held | Percentage of the Company's issued share capital | | :------------------------------- | :-------------------------- | :------------------------------------ | :----------------------------------------------- | | Mr. Wang Lifeng | Interest in controlled corporation | 355,620,000 | 55.57% | | Wise Thinker Holdings Limited | Interest in controlled corporation | 355,620,000 | 55.57% | | PT Design Group Holdings Limited | Beneficial owner | 355,620,000 | 55.57% | - Mr. Wang Lifeng indirectly wholly owns **355,620,000 shares** through PT Design Group Holdings Limited[41](index=41&type=chunk) - Save as disclosed above, no other directors, chief executives, or their associates held any interests or short positions in any shares or related shares[42](index=42&type=chunk) [Substantial Shareholders' Interests](index=11&type=section&id=Substantial%20Shareholders%27%20Interests) As of March 31, 2020, Mr. Pang Kwok Sai, through Modern Wealth Assets Limited, held **11.63%** of the Company's issued share capital, making him a substantial shareholder Substantial Shareholders' Interests in Shares (As at March 31, 2020) | Name of Shareholder | Capacity | Number of issued ordinary shares held | Percentage of the Company's issued share capital | | :--------------------------- | :-------------------------- | :------------------------------------ | :----------------------------------------------- | | Mr. Pang Kwok Sai | Interest in controlled corporation | 74,403,000 | 11.63% | | Modern Wealth Assets Limited | Beneficial owner | 74,403,000 | 11.63% | - Mr. Pang Kwok Sai is deemed to be interested in **74,403,000 shares** held by his wholly-owned company, Modern Wealth Assets Limited[45](index=45&type=chunk) [Share Option Scheme](index=11&type=section&id=Share%20Option%20Scheme) Adopted on December 13, 2001, the share option scheme incentivizes directors and employees, limiting grants to **30% of issued shares** (1% per individual) with specific shareholder approval for substantial shareholders, and an exercise price based on market value or nominal value, with no options granted to date - The Company adopted a share option scheme on **December 13, 2001**, to incentivize directors and eligible employees[46](index=46&type=chunk) - The total number of shares involved in share options shall not exceed **30%** of the issued shares, and grants to individuals shall not exceed **1%**[46](index=46&type=chunk) - The exercise price is determined by the directors and shall not be less than the highest of the closing price of the shares on the date of grant, the average closing price for the five business days immediately preceding the date of grant, and the nominal value of the shares[48](index=48&type=chunk) - No share options have been granted by the Company under the scheme since its adoption[49](index=49&type=chunk) [Arrangements for Share Transactions](index=12&type=section&id=Arrangements%20for%20Share%20Transactions) Apart from the share option scheme, no arrangements were made during the period for directors to benefit from purchasing shares or debentures of the Company or other entities - Save for the share option scheme, neither the Company nor any of its subsidiaries entered into any arrangements during the period that would enable directors to acquire benefits by purchasing shares or debentures of the Company or any other body corporate[50](index=50&type=chunk) [Public Float and Compliance](index=12&type=section&id=Public%20Float%20and%20Compliance) The Company maintained a sufficient public float and its directors confirmed compliance with GEM Listing Rules and the code of conduct for securities transactions - The Company maintained a sufficient public float throughout the period[51](index=51&type=chunk) - The directors confirmed that they have complied with the required standards of dealings set out in Rules **5.48 to 5.67** of the GEM Listing Rules and the code of conduct for securities transactions by directors adopted by the Company throughout the period[53](index=53&type=chunk) [Interests in Competing Businesses](index=13&type=section&id=Interests%20in%20Competing%20Businesses) Mr. Wang Lifeng and former directors hold interests in architectural design entities, including PT Design Consulting, PT Shenzhen, and Shanghai PT, which compete with the Group, necessitating established conflict management mechanisms Directors' and Former Directors' Interests in Competing Businesses (As at March 31, 2020) | Name of Director and Former Director of the Company | Name of entity considered to be competing or potentially competing with the Group's business | Description of competing business | Nature of interest

Financial Performance - For the three months ended September 30, 2019, the company reported revenue of HKD 83,252,000, a decrease of 25.7% compared to HKD 112,088,000 in the same period last year[10]. - The gross profit for the nine months ended September 30, 2019, was HKD 39,474,000, down 17.5% from HKD 47,563,000 in the previous year[10]. - The net profit attributable to the owners of the company for the three months ended September 30, 2019, was HKD 1,716,000, a significant decrease of 88.7% from HKD 15,221,000 in the same period last year[10]. - The company reported a basic earnings per share of HKD 0.27 for the three months ended September 30, 2019, compared to HKD 2.38 in the same period last year[10]. - Total comprehensive income for the three months ended September 30, 2019, was HKD 1,160,000, down from HKD 14,820,000 in the same period last year[10]. - The company's profit attributable to shareholders for the nine-month period was approximately HKD 7.3 million, a decrease from HKD 20.2 million in the previous year, primarily due to the adverse effects of the US-China trade war[42]. Revenue Breakdown - The revenue from the electronic products business decreased by 16.5% year-on-year, contributing approximately HKD 218.3 million for the nine-month period compared to HKD 261.3 million in the previous year[33]. - The overall design and architectural design business generated revenue of approximately HKD 43.7 million, a significant increase of about 95.0% compared to HKD 22.4 million in the same period last year[35]. Expenses and Income - Total other income for the nine-month period was approximately HKD 3.4 million, compared to HKD 2.7 million in the previous year[37]. - Administrative expenses increased to approximately HKD 27.2 million from HKD 21.5 million in the previous year, reflecting the growth in the overall design and architectural design business[39]. - The company incurred income tax expenses of approximately HKD 2.9 million for the nine-month period, up from HKD 2.0 million in the previous year[41]. Equity and Dividends - The company’s total equity as of September 30, 2019, was HKD 124,611,000, an increase from HKD 116,055,000 at the end of the previous year[13]. - The company declared dividends of HKD 9,600,000 during the period, impacting retained earnings[13]. - The company did not recommend any dividend payment for the nine-month period, consistent with the previous year[28]. Management and Outlook - The management expressed optimism about future growth despite the current decline in revenue and profit margins[10]. - The board maintains a conservative outlook for the company's performance in the last quarter of 2019, closely monitoring market conditions and developments related to the US-China trade war[35]. Compliance and Governance - The company is committed to maintaining compliance with GEM listing rules and Hong Kong Financial Reporting Standards[16]. - The company has complied with the corporate governance code as per GEM Listing Rules, with a minor deviation regarding the term of non-executive directors[65]. - The company has confirmed compliance with trading standards for directors throughout the nine-month period[53]. Shareholding and Directors - As of September 30, 2019, Mr. Wang holds 355,620,000 shares, representing 55.57% of the issued share capital[47]. - Mr. Pang holds 74,403,000 shares, accounting for 11.63% of the issued share capital[47]. - The company has not granted any share options under the incentive scheme since its adoption[51]. - There are no disclosed interests or short positions in the company's shares by directors or key executives as of September 30, 2019[48]. - The executive directors include Mr. Wang Lifeng, Mr. Huang Zhen, Mr. He Yongyi, Mr. Pang Guoxi, Mr. Kong Lihang, and Mr. Zhao Guoxing, along with independent non-executive directors[69]. Audit and Reporting - The audit committee consists of four members, including independent non-executive director Mr. Liu Kejie as chairman, responsible for reviewing and supervising the company's financial reports and internal control procedures[68]. - The report for the third quarter performance is unaudited but has been reviewed by the audit committee[68]. - The report will be published on the GEM website and the company's website for at least seven days from the date of publication[70]. - In case of any discrepancies between the Chinese and English versions of the report, the English version shall prevail[71].

輝 煌 科 技 ( 控 股 ) 有 限 公 司 (於開曼群島註冊成立並於百慕進存續之有限公司) 股份代號: 8159 中 期 報 售 2019 · · ● ● . @ 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位乃為相較其他在聯交所上市之公司帶有更高投資風險之公司提供一個上市之市場。 有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳考慮後方作出投資決定。 GEM之較高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司之新興性質使然，在GEM買賣之證券可能會較於主板買賣之證券承受更大 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的 任何損失承擔任何責任。 1 輝煌科技（控股）有限公司 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，旨在提供有關輝煌 科技（控股）有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司董事（「董 事」）願就本報告的 ...

Financial Performance - Revenue for the three months ended March 31, 2019, was HKD 78,369,000, a decrease of 6.5% from HKD 83,550,000 in the same period of 2018[5] - Gross profit for the same period was HKD 10,844,000, compared to HKD 9,219,000 in 2018, reflecting an increase of 17.6%[5] - The net profit for the period was HKD 445,000, significantly up from HKD 144,000 in the previous year, marking a growth of 209.7%[5] - The company reported a basic earnings per share of HKD 0.07, compared to HKD 0.01 in the same period last year[5] - The total comprehensive income for the period was HKD 777,000, down from HKD 1,212,000 in the same period of 2018[5] - Revenue from the connection products business was approximately HKD 68,823,000, a decrease of 14.4% compared to HKD 80,417,000 in the same period last year[24] - Revenue from the comprehensive construction services business was approximately HKD 9,546,000, a significant increase of about 204.8% compared to HKD 3,132,000 in the same period last year[25] - Other income for the period was approximately HKD 913,000, down from HKD 1,317,000 in the same period last year[29] Revenue Sources - Sales to OEM customers accounted for 53.8% of total revenue, down from 64.6% in 2018, while retail distributors contributed 34.0%, up from 31.7%[13] - Revenue from the Korean market was HKD 24,808,000, representing 31.7% of total sales, a decrease from 44.0% in the previous year[14] Expenses and Financial Position - Administrative expenses rose to approximately HKD 8,260,000, an increase of about 9.3% from HKD 7,557,000 in the previous year[31] - The effective tax expense for the period was approximately HKD 723,000, compared to HKD 648,000 in the same period last year[33] - The company incurred depreciation and amortization expenses of HKD 1,814,000, slightly down from HKD 1,988,000 in the previous year[16] - The company maintained a strong financial position with net current assets of approximately HKD 42,700,000 and cash and bank balances of about HKD 57,000,000 as of March 31, 2019[35] - The company has no interest-bearing borrowings as of March 31, 2019, maintaining a current ratio of 1.31[35] Corporate Governance - The company adhered to the corporate governance code as per GEM listing rules, with a noted deviation regarding the term of independent non-executive directors[57] - The audit committee, consisting of four members, reviewed the financial reports and internal control procedures, although the first-quarter results were unaudited[58] - No directors or controlling shareholders had interests in competing businesses during the period, ensuring no conflicts of interest[52] - The company has established a governance framework to manage potential conflicts of interest among its directors[51] - The company confirmed compliance with the trading standards set forth in the GEM listing rules during the reporting period[48] Dividends and Share Activity - The company did not recommend any dividend payment for the period, consistent with the previous year[20] - There were no purchases, sales, or redemptions of shares by the company or its subsidiaries during the period[56] Other Information - The company has not disclosed any new product developments or market expansion strategies in the provided documents[55] - There were no acquisitions or mergers reported during the period[55] - The company has a priority right to undertake architectural design services unless otherwise requested by independent developers[51] - The company did not recognize any deferred tax liabilities during the period due to the absence of significant timing differences[19] - The company reported a first-quarter performance with no specific financial figures disclosed in the provided documents[55]