Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 287.85 million, a decrease of 15.1% compared to HKD 339.26 million in 2021[4]. - Gross profit increased to HKD 34.18 million, up 62.5% from HKD 21.03 million in the previous year[4]. - The company reported a loss before tax of HKD 61.23 million, compared to a loss of HKD 53.43 million in 2021, indicating a deterioration in financial performance[4]. - Total comprehensive loss for the year was HKD 61.79 million, compared to a comprehensive income of HKD 42.75 million in 2021[4]. - The basic and diluted loss attributable to owners of the company for 2022 was HKD 61,906,000, compared to a profit of HKD 49,989,000 in 2021[50]. - The total segment loss before tax for the year 2022 was HKD 61,225,000, worsening from a loss of HKD 53,434,000 in 2021[28][29]. - The group reported a net loss attributable to owners of approximately HKD 57.7 million, a decrease of about 2.2 times compared to a profit of HKD 49.7 million in 2021[76]. Assets and Liabilities - The company's net assets decreased to HKD 114.62 million from HKD 173.11 million in the previous year, reflecting a decline of 33.8%[8]. - Total assets decreased to HKD 319,751,000 in 2022 from HKD 417,114,000 in 2021, reflecting a reduction of 23.4%[32]. - The total liabilities also decreased to HKD 205,136,000 in 2022 from HKD 244,006,000 in 2021, a decline of 16%[32]. - Non-current assets totaled HKD 62,205,000 in 2022, down from HKD 68,966,000 in 2021, a decrease of 9.9%[38]. - As of December 31, 2022, the group's current assets net value was approximately HKD 70.2 million, with a current ratio of about 1.39[78][79]. - The group’s debt-to-capital ratio increased to approximately 1.78 as of December 31, 2022, compared to 1.41 in the previous year[79]. Revenue Breakdown - The group reported total revenue of HKD 287.85 million for the year ended December 31, 2022, with a breakdown of HKD 272.62 million from sales of connection products, HKD 8.27 million from service contracts, and HKD 6.96 million from financial services[17]. - Revenue from OEM customers amounted to HKD 164.23 million, while revenue from retail distributors was HKD 108.38 million, indicating a strong performance in these segments[17]. - The group generated HKD 81.63 million in revenue from the South Korean market and HKD 102.43 million from the United States, highlighting significant contributions from these regions[17]. - The electronic products segment contributed approximately HKD 272.6 million in revenue for the year ended December 31, 2022, a decrease of about 14.1% compared to HKD 317.2 million in 2021[60]. - The architectural design segment generated revenue of approximately HKD 8.3 million, down about 62.3% from HKD 22.0 million in the same period of 2021, primarily due to the impact of COVID-19 on the Chinese real estate market[61]. - The financial services segment, which started in 2022, recorded revenue of HKD 7.0 million and an operating profit of HKD 1.2 million for the year[63]. Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 106.48 million, up from HKD 84.13 million in 2021, showing improved liquidity[7]. - Trade and other receivables dropped to HKD 104.20 million from HKD 197.21 million, a decline of 47.2%[7]. - Trade receivables as of December 31, 2022, totaled HKD 45,686,000, a decrease from HKD 84,580,000 in 2021, with significant changes in aging analysis[55]. - Trade payables as of December 31, 2022, amounted to HKD 38,733,000, down from HKD 67,991,000 in 2021, indicating improved cash flow management[57]. Corporate Governance and Compliance - The company has complied with the GEM listing rules corporate governance code for the year ended December 31, 2022[103]. - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reports and internal control procedures[106]. - Following the resignation of certain directors, the composition of the board fell below the minimum required for the audit and nomination committees as per GEM listing rules[105]. - The company adopted a code of conduct for securities transactions by directors, which is not less stringent than the GEM listing rules[103]. Future Outlook and Strategic Initiatives - Future outlook remains uncertain with ongoing market challenges and no specific guidance provided for the upcoming year[10]. - The company plans to diversify into financial services, acquiring 100% of New China Investment Limited and 70% of New China Science Capital Limited[88]. - The company aims to enhance shareholder value and reinvest existing resources for maximum asset utilization and value[89]. - The company is developing a new service combining interior design with electronic home decor sales[86]. - The company will continue to monitor industry developments and review its business expansion plans regularly[81]. - The company has initiated a plan to strengthen its financial services business with experienced financial professionals joining the board[88]. Dividends and Share Capital - The company did not declare or recommend any dividends for the year ended December 31, 2022, consistent with 2021[48]. - The company maintained a share capital of HKD 7,040,000 with 704,000 shares issued and fully paid as of December 31, 2022[58]. - The company did not recommend a final dividend for the year, consistent with the previous year where no dividend was paid[107]. Regulatory Changes - The group expects no significant impact on its financial performance from the adoption of new Hong Kong Financial Reporting Standards[14]. - The group has not early adopted new financial reporting standards that are yet to take effect, indicating a cautious approach to regulatory changes[13]. - The group anticipates that the application of new financial reporting standards will not materially affect its financial position or performance[14].

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 68,641,000, a 10% increase from HKD 61,774,000 in the same period last year[9]. - Gross profit for the same period was HKD 6,867,000, significantly up from HKD 2,806,000 year-over-year, reflecting a gross margin improvement[9]. - The company incurred a loss from continuing operations of HKD 11,019,000 for the three months ended September 30, 2022, compared to a loss of HKD 11,182,000 in the prior year[11]. - Total comprehensive loss for the nine months ended September 30, 2022, was HKD 30,768,000, compared to a loss of HKD 6,437,000 in the same period last year[11]. - The company reported a net loss attributable to shareholders of approximately HKD 30.8 million for the nine months ended September 30, 2022, compared to a net loss of approximately HKD 6.4 million for the same period in 2021, representing an increase of approximately 381.3%[63]. - Basic loss per share for the nine months ended September 30, 2022, was approximately HKD 4.37, compared to a loss of HKD 0.91 per share for the same period in 2021[64]. Revenue and Income - The company reported other income of HKD 1,036,000 for the three months ended September 30, 2022, compared to HKD 18,000 in the previous year[9]. - The company reported a total of HKD 3,649,000 in other income for the nine months ended September 30, 2022, compared to HKD 2,159,000 in the previous year[9]. - Revenue from the electronic products business was approximately HKD 229.6 million for the nine months ended September 30, 2022, a decrease of about 0.6% compared to approximately HKD 231.1 million for the same period in 2021[50]. - Revenue from the construction design business decreased significantly from approximately HKD 18.8 million in 2021 to approximately HKD 6.1 million in 2022, a decline of about 67.6%[51]. - Total revenue for the group was approximately HKD 235.7 million for the nine months ended September 30, 2022, down about 5.7% from approximately HKD 249.9 million in the same period of 2021[54]. Expenses and Costs - Administrative expenses increased to HKD 16,962,000 for the three months ended September 30, 2022, from HKD 8,530,000 in the same period last year, indicating rising operational costs[9]. - The company’s financial costs rose to HKD 1,712,000 for the three months ended September 30, 2022, compared to HKD 549,000 in the previous year[9]. - Selling and distribution expenses rose by 21.4% to approximately HKD 6.8 million, attributed to increased marketing efforts and online store operations[57]. - Administrative expenses increased by approximately 20.4% to about HKD 48.9 million, primarily due to higher rental costs and employee expenses related to the new financial services business[58]. - Financial costs increased significantly to approximately HKD 2.1 million from HKD 549,000 in the previous year, due to new debt incurred since the second quarter of the previous fiscal year[61]. Losses and Liabilities - The company reported a loss attributable to owners of the company of HKD 30,768,000 for the nine months ended September 30, 2022, compared to a loss of HKD 6,437,000 for the same period last year[36]. - The company’s pre-tax loss for the nine months ended September 30, 2022, was HKD (21,053,000), compared to a pre-tax loss of HKD (1,473,000) for the same period last year[32]. - The company’s total liabilities increased, reflecting a need for further capital management strategies moving forward[9]. Shareholder Information - As of September 30, 2022, major shareholder Wang Lifeng holds 355,620,000 shares, representing 50.51% of the issued share capital[69]. - Modern Wealth Assets Limited, owned by Mr. Pang Guoxi, holds 74,403,000 shares, representing 10.57% of the issued share capital[73]. - The weighted average number of ordinary shares in issue for the nine months ended September 30, 2022, was 704,000, unchanged from the previous year[36]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM listing rules during the nine-month period[89]. - The audit committee is composed of three members, all of whom are independent non-executive directors[90]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[80]. Strategic Initiatives - The company aims to enhance shareholder value by strengthening its new service combining interior design with the sale of proprietary electronic home decor products, utilizing 3D printing technology for new architectural designs[66]. - The company is expanding its financial services business in both Hong Kong and mainland China, covering areas such as fund issuance, asset management, and insurance brokerage, which is expected to provide additional growth engines[68]. - The company is committed to providing comprehensive design services through enhanced internet interaction with users, aligning with the "Internet + Cultural Creativity" trend[66]. Other Information - The company did not declare any dividends for the nine-month period, consistent with the previous year[35]. - The company did not purchase, sell, or redeem any shares during the nine-month period[87]. - There were no significant events after September 30, 2022, up to the report date[97]. - The report will be available on the GEM website and the company's website for at least seven days from the publication date[99].

Financial Performance - For the six months ended June 30, 2022, the company reported revenue of HKD 167,073,000, an increase from HKD 146,327,000 in the same period of 2021, representing a growth of approximately 14.5%[5] - The gross profit for the six months ended June 30, 2022, was HKD 20,746,000, compared to HKD 18,309,000 for the same period in 2021, indicating a gross margin improvement[5] - The company recorded a net loss of HKD 19,638,000 for the six months ended June 30, 2022, compared to a profit of HKD 6,043,000 in the same period of 2021, reflecting a significant decline in profitability[5] - The basic and diluted loss per share for the six months ended June 30, 2022, was HKD (2.82), compared to earnings of HKD 0.94 in the same period of 2021[5] - The group recorded a net loss attributable to owners of approximately HKD 19.8 million, a decrease of about 419.4% compared to a profit of HKD 6.2 million in the previous year[59] - Total revenue for the group was approximately HKD 167.1 million, a 2.0% increase from HKD 163.8 million in the same period last year[51] Assets and Liabilities - Total assets as of June 30, 2022, amounted to HKD 371,474,000, an increase from HKD 344,743,000 as of December 31, 2021[8] - The total liabilities decreased to HKD 275,591,000 as of June 30, 2022, from HKD 228,448,000 at the end of 2021, indicating a reduction in financial obligations[8] - The company’s equity attributable to owners decreased to HKD 155,042,000 as of June 30, 2022, down from HKD 173,862,000 at the end of 2021, reflecting a decline in shareholder value[10] - The company’s total equity as of June 30, 2022, was HKD 133,189,000, reflecting a decrease from HKD 136,227,000 at the end of the previous year[13] - The company’s retained earnings increased to HKD 114,153,000 as of June 30, 2022, up from HKD 107,968,000 at the end of the previous year[13] - The company’s total liabilities decreased to HKD 1,000,000 from HKD 1,500,000, indicating improved financial stability[13] Cash Flow and Liquidity - The company reported a significant increase in trade and other receivables, totaling HKD 170,958,000 as of June 30, 2022, compared to HKD 197,207,000 at the end of 2021, indicating potential cash flow challenges[8] - For the six months ended June 30, 2022, the company reported a net cash inflow from operating activities of HKD 11,656,000, compared to a net outflow of HKD 15,549,000 in the same period last year[16] - The financing activities generated a net cash inflow of HKD 50,304,000, a significant increase from HKD 16,671,000 in the previous year[16] - The total cash and cash equivalents at the end of the period increased to HKD 140,089,000 from HKD 54,585,000 year-on-year[16] - The current ratio was maintained at approximately 1.35, down from 1.52 as of December 31, 2021, indicating a decrease in liquidity[63] Business Segments and Revenue Sources - Revenue from OEM customers was HKD 98,435,000, with a segment profit of HKD 2,423,000, while revenue from retail distributors was HKD 64,984,000, with a segment profit of HKD 5,922,000[27] - The comprehensive construction service contracts generated revenue of HKD 3,654,000 but reported a segment loss of HKD 2,020,000, indicating challenges in this segment[27] - The financial services business reported a segment loss of HKD 955,000, with no revenue generated during the period[27] - The electronic products business generated approximately HKD 163.4 million in revenue for the six months ended June 30, 2022, an increase of about 8.7% compared to HKD 150.3 million in the same period last year[46] - The construction design business saw a significant decline in revenue, dropping approximately 72.6% from about HKD 13.5 million in the previous year to approximately HKD 3.7 million for the six months ended June 30, 2022[47] Strategic Plans and Future Outlook - The company plans to focus on market expansion and new product development to improve future performance and mitigate losses[5] - The company aims to enhance shareholder value by leveraging favorable external conditions such as the depreciation of the RMB against the USD and a slowdown in raw material price increases[64] - The company is expanding into financial services in Hong Kong and mainland China, covering areas such as fund issuance, asset management, non-performing asset management, and insurance brokerage, which is expected to provide additional growth engines[64] - The company plans to establish more funds in China and register as a Qualified Domestic Limited Partner to explore opportunities in non-performing loans and mergers and acquisitions of listed companies[77] - The company aims to set up an investment fund to capture opportunities in the Greater Bay Area's cultural tourism development, leveraging partnerships with state-owned enterprises[78] Corporate Governance and Compliance - The company has adopted a code of conduct for directors' securities transactions, complying with GEM Listing Rules[97] - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[107] - The audit committee, consisting of three members, reviewed the financial performance for the half-year period[110] - All independent non-executive directors have confirmed their independence as per GEM listing rules[107] Shareholder Information - As of June 30, 2022, Mr. Wang Lifeng holds 355,620,000 shares, representing 50.51% of the company's issued share capital[87] - PT Design holds 355,620,000 shares, also representing 50.51% of the company's issued share capital as of June 30, 2022[91] - Mr. Pang Guoxi holds 74,403,000 shares, representing 10.57% of the company's issued share capital as of June 30, 2022[91] - The company has maintained sufficient public float during the reporting period[96]

Financial Performance - The Group recorded revenue of approximately HK$339.3 million for the year ended 31 December 2021, representing an increase of approximately 15.9% compared to 2020[17]. - The electronics business generated revenue of approximately HK$317.2 million, an increase of approximately 21.3% from HK$261.6 million in 2020[18]. - The master-planning and architectural design business recorded revenue of approximately HK$22.0 million, a decrease of approximately 29.2% compared to HK$31.1 million in 2020[19]. - The profit attributable to owners of the Company was approximately HK$49.7 million, a significant recovery from a loss of HK$5.1 million in 2020[17]. - The Group recorded a total turnover of approximately HK$339.3 million for the Year, representing an increase of approximately 15.9% compared to the previous year (PY2020: approximately HK$292.7 million)[37]. - The Group's gross profit decreased to approximately HK$21.0 million, a decline of approximately 54.9% from approximately HK$46.6 million in PY2020, primarily due to global supply chain disruptions and surging raw material prices[38]. - The gross profit margin fell from approximately 15.9% in PY2020 to approximately 6.2% for the Year[39]. - Other income for the Year was approximately HK$4.7 million, a slight decrease from approximately HK$5.3 million in PY2020[40]. - The Group reported a net profit attributable to owners of the Company of approximately HK$49.7 million, a significant increase of approximately 10.7 times compared to a net loss of approximately HK$5.1 million in PY2020[56]. - Basic and diluted earnings per share for the Year was approximately HK$7.1 cents, compared to basic and diluted losses of approximately HK$0.67 cents in PY2020[58]. Current Financial Position - As of 31 December 2021, the Group's net current assets, cash and bank balances, and equity attributable to owners amounted to approximately HK$116.3 million, HK$84.1 million, and HK$173.1 million, respectively[22]. - As of December 31, 2021, the Group's net current assets amounted to approximately HK$116.3 million, up from approximately HK$55.4 million in 2020[59]. - The current ratio as of December 31, 2021, was approximately 1.52, compared to approximately 1.45 in 2020[59]. - The Group's gearing ratio increased to approximately 1.41 as of December 31, 2021, from approximately 0.94 in the previous year[59]. - The Group raised new borrowings totaling approximately HK$51.7 million as of December 31, 2021, through bank loans and unsecured borrowings for working capital replenishment[62]. - The Group had no interest-bearing debt or pledged assets as of December 31, 2020, indicating a significant change in financial structure by 2021[62]. - The Group's debt-to-equity ratio was approximately 1.41, an increase from 0.94 as of December 31, 2020[60]. Business Strategy and Future Outlook - The Directors are implementing effective strategies to increase sales orders and revenue amidst the ongoing recovery from the pandemic[18]. - The Group plans to explore potential business opportunities in electronic gaming, medical, finance, and technology sectors[24]. - The Group aims to develop cross-border venture investment and fund management business in the Guangdong-Hong Kong-Macao Greater Bay Area[24]. - The Group's strategy includes maintaining close communication with customers and suppliers to sustain profitability in the Electronics Business[24]. - The Group is focused on strengthening new services in the Architectural Design Business, combining interior design with sales of electronic interior accessories[25]. - The Directors remain cautiously optimistic about the future performance of the Architectural Design Business despite challenges in the real estate market[25]. - The Group plans to maintain close communication with customers and suppliers to sustain profitability amid ongoing economic challenges[87]. Environmental and Corporate Governance - Environmental policies adopted in 2021 include using recycled materials and reducing electricity consumption[199]. - The Group aims to improve environmental quality by ensuring compliance with applicable environmental legislation and standards[199]. - The Group's strategy includes designing products for easier dismantling and recovery of components[199]. - The Company has a commitment to energy efficiency by selecting appliances with the lowest energy consumption[199]. - The Group's operations are guided by policies to avoid and control environmental pollution[199]. - The Company emphasizes good management practices and regular reviews to adapt to changing circumstances[199]. Management Team and Expertise - The management team includes experienced executives with backgrounds in architecture, electronics, and legal affairs, enhancing the company's strategic capabilities[126][128][135]. - The management team has extensive experience in various industries, including electronics and legal affairs, which supports the company's strategic initiatives[134][136]. - Mr. Fan has over 14 years of experience in the electronics industry, focusing on supply chain strategy and management[137]. - Dr. Chen holds a bachelor's degree in laws and has extensive experience in policy, legal, and strategic research[138]. - Mr. Ni has experience in public offerings and has worked with well-known financial advisory firms[143]. - Mr. Su obtained a Master of Science Degree in Financial Analysis and has held senior positions in various financial institutions[153]. - The company is expanding its management team with experienced professionals from diverse backgrounds[152]. Acquisitions and Investments - The company has initiated a plan to diversify into the financial services industry, acquiring 100% of State Venture Capital Limited and 70% of State Innovation Capital Limited at nominal consideration[88][91]. - The Finance Business aims to provide a full range of financial services, including fund issuance, asset management, and insurance brokerage, targeting both Hong Kong and the PRC markets[89][92]. - The Company plans to acquire the entire share capital of State Venture Investment (HK) Holdings Limited and Tianjin CIAM Corporate Management Limited to enhance its financial position[116][117]. - The acquisition of State Venture will provide access to Qingdao Guotou, which is 51% owned by State Venture, with an injection of RMB100 million capital[116][117]. - The Company aims to establish qualified domestic limited partnerships (QDLP) in the PRC to explore business opportunities in non-performing loans and mergers and acquisitions[116][117]. - Through the acquisition of Tianjin CIAM, the Company intends to register for qualified foreign limited partnerships (QFLP) in the PRC to collaborate with central enterprises in cultural tourism[119]. - The Company will leverage its subsidiaries to manage private equity funds and establish investment funds in the Greater Bay Area[119]. - The company aims to establish an investment fund to capture opportunities in the Greater Bay Area's cultural tourism development, collaborating with central enterprises and local state-owned assets in cities like Zhuhai, Guangzhou, Chengdu, and Qingdao[20]. Challenges and Market Conditions - The Group's production capacity and efficiency in the PRC were impacted by the COVID-19 pandemic, affecting consumer demand for electronic products globally[18]. - The architectural design business is closely monitored due to challenges faced by customers in the real estate sector, including high debt levels and liquidity issues[19]. - The Directors anticipate that the supply chain disruptions and inflation of raw material prices due to the Covid-19 pandemic will continue to impact the Electronics Business[87]. - The electronic products business has been negatively impacted by supply chain disruptions and rising raw material prices due to COVID-19, affecting profitability[90].

2022 CHINA UNITED VENTURE INVESTMENT LIMITED （於開曼群島註冊成立並於百慕達存續之有限公司） （前稱輝煌科技（控股）有限公司） 第一季度業績報告 新華聯合投資有限公司 第一季度業績報告 2022 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 關新華聯合投資有限公司（前稱輝煌科技（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 ...

Financial Performance - For the three months ended September 30, 2021, the revenue from continuing operations was HKD 86,072 thousand, an increase of 14.1% compared to HKD 75,683 thousand for the same period in 2020[7] - The gross profit for the nine-month period was HKD 38,927 thousand, representing a gross margin of approximately 15.6% compared to HKD 28,519 thousand in the previous year[7] - The loss from continuing operations for the three months ended September 30, 2021, was HKD 11,182 thousand, compared to a profit of HKD 32,728 thousand in the same period last year[7] - The total comprehensive loss for the three months was HKD 12,971 thousand, compared to a loss of HKD 1,766 thousand in the previous year[9] - The company reported a loss per share from continuing operations of HKD 1.59 for the three months ended September 30, 2021, compared to earnings of HKD 4.65 per share in the same period last year[9] - For the nine months ended September 30, 2021, the company reported a total comprehensive income of HKD 123,901,000, compared to HKD 140,206,000 for the same period in 2020, representing a decrease of approximately 11.6%[12] - The overall revenue for the nine months ended September 30, 2021, was HKD 249,861,000, an increase from HKD 232,406,000 in the same period of 2020, reflecting a growth of approximately 7.5%[23] - The company reported a loss of HKD 6,437,000 for the nine months ended September 30, 2021, compared to a loss of HKD 9,933,000 in the same period of 2020, indicating a reduction in losses[12] - The group recorded a revenue of approximately HKD 249.9 million for the nine months ended September 30, 2021, an increase of about 7.5% from HKD 232.4 million in the same period of 2020[50] Discontinued Operations - The company recorded a loss from discontinued operations of HKD 1,452 thousand for the three months ended September 30, 2021, compared to a loss of HKD 34,969 thousand in the same period last year[9] - The company’s total assets and liabilities related to the discontinued operations have been classified as held for sale in the financial statements[7] - The loss from discontinued operations for the nine months ended September 30, 2021, was HKD 6.306 million, a significant decrease from HKD 93.540 million for the same period in 2020[42] - The company did not recognize any impairment loss for the discontinued operations as the expected proceeds from the sale are anticipated to exceed the carrying amount of the related assets and liabilities[33] - The company has classified the assets and liabilities of the discontinued operations as held for sale in the consolidated financial statements[33] - The company has agreed to sell Dongguan Yalian Technology Electronics Co., Ltd. for RMB 101 million (approximately HKD 122.21 million), with the sale expected to contribute approximately HKD 90 million in pre-tax profit for the year ending December 31, 2021[43] Revenue Sources - Revenue from OEM customers for the nine months ended September 30, 2021, was HKD 154,192,000, accounting for 61.7% of total revenue, up from HKD 121,773,000 or 52.4% in the same period of 2020[23] - Retail distributors contributed HKD 76,902,000, representing 30.8% of total revenue for the nine months ended September 30, 2021, compared to HKD 86,976,000 or 37.4% in the same period of 2020, indicating a decline in percentage contribution[23] - The company’s revenue from comprehensive construction services was HKD 18,767,000 for the nine months ended September 30, 2021, down from HKD 23,657,000 in the same period of 2020, reflecting a decrease in market share[23] - Sales in South Korea for the nine months ended September 30, 2021, reached HKD 79,168,000, which is 31.7% of total sales, compared to HKD 65,208,000 or 26.1% in the same period of 2020, showing growth in this market[25] - For the nine months ended September 30, 2021, the electronic products business generated revenue of approximately HKD 231.1 million, an increase of about 10.7% compared to HKD 208.7 million for the same period in 2020[47] Expenses and Liabilities - The total liabilities as of September 30, 2021, were HKD 101,531,000, a decrease from HKD 116,654,000 as of December 31, 2020, indicating improved financial stability[12] - Depreciation and amortization expenses for the nine months ended September 30, 2021, amounted to HKD 4.780 million, compared to HKD 1.684 million for the same period in 2020[26] - Selling and distribution expenses increased by 26.2% to approximately HKD 5.55 million for the nine months ended September 30, 2021, due to costs associated with operating an online store and additional marketing efforts[53] - Administrative expenses decreased by about 7.4% to approximately HKD 28.52 million for the nine months ended September 30, 2021, compared to HKD 30.81 million in the same period of 2020[54] - Other income decreased by approximately 73.1% to about HKD 2.16 million for the nine months ended September 30, 2021, compared to HKD 8.02 million in the same period of 2020[52] Shareholder Information - The company issued 64,000,000 new shares at a placement price of HKD 0.1 per share, with net proceeds intended for general working capital[12] - The company did not declare any dividends for the nine-month period, consistent with the previous year[34] - The average number of issued ordinary shares for the calculation of basic earnings per share was 704,000 shares for both the nine months ended September 30, 2021, and 2020[41] - The basic and diluted loss per share for the nine months ended September 30, 2021, was approximately HKD 0.91, compared to a profit of HKD 0.58 in the same period of 2020[59] - The group reported a net loss attributable to owners of approximately HKD 6.44 million for the nine months ended September 30, 2021, a decline of about 256.6% from a profit of HKD 4.11 million in the same period of 2020[56] - The board plans to continue various initiatives disclosed in the annual report for the year ended December 31, 2020, to enhance shareholder value and maximize asset utilization through reinvestment and strategic partnerships[62] - The company has not granted any stock options under the incentive stock option plan since its adoption in December 2001[70] - The company maintained sufficient public float during the nine-month period[72] - The company did not purchase, sell, or redeem any shares during the nine-month period[80] - No dividends were recommended by the board for the nine-month period[81]

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 ...