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]

Financial Performance - The company recorded revenue of HKD 388,770,000 for the year 2018, representing a growth of approximately 3.1% compared to 2017[21] - The profit attributable to the owners of the company was HKD 24,500,000, an increase of 44.1% from HKD 17,000,000 in 2017[21] - The overall design and architectural design business saw revenue and profit increase to HKD 44,800,000 and HKD 13,500,000 respectively, compared to HKD 10,400,000 and HKD 4,500,000 in 2017[21] - Gross profit for the group in 2018 was approximately HKD 66.5 million, representing a growth of about 24.3% compared to HKD 53.5 million in 2017[39] - The group recorded other income of approximately HKD 3.5 million in 2018, down from HKD 4.3 million in 2017[40] - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[58] - The company reported a net profit margin of 12%, up from 10% in the previous year, reflecting improved operational efficiency[58] - The company reported a decrease in other income to HKD 3,451,000 from HKD 4,348,000 in the previous year[199] - Administrative expenses rose to HKD 32,460,000, compared to HKD 29,042,000 in 2017[199] Business Segments - The company anticipates significant uncertainty for its electronic products business in 2019 due to the ongoing US-China trade war[21] - The revenue and profit from the electronic products business decreased in the fourth quarter of 2018[21] - In 2018, the electronic products business generated approximately HKD 344 million in revenue and HKD 14.9 million in profit attributable to the company's owners[33] - The overall design and architectural design business contributed approximately HKD 44.8 million in revenue and HKD 9.6 million in profit attributable to the company's owners in 2018[38] - The board is not optimistic about the electronic products business due to uncertainties from the US-China trade war and expects the appreciation of the RMB to negatively impact performance[50] - The group plans to continue focusing on the overall design and architectural design business in 2019, expecting it to contribute to revenue if there are no signs of a downturn in the construction industry[49] Shareholder Information - The board proposed a final dividend of HKD 0.3 per share, down from HKD 1.5 per share in 2017, subject to shareholder approval[23] - The company proposed a final dividend of HKD 0.3 per share, totaling HKD 1,920,000, to be paid to shareholders listed on May 20, 2019[77] - The company’s dividend policy must comply with relevant laws and regulations, considering financial performance, operational needs, and future development plans[169] - The board will consider various factors, including profitability and liquidity needs, when recommending any dividend payments[169] Financial Position - The company maintained a strong financial position with cash on hand of approximately HKD 65,100,000 and no outstanding bank borrowings as of December 31, 2018[22] - As of December 31, 2018, the group's current assets, bank balances, and cash amounted to approximately HKD 41 million, HKD 65.1 million, and HKD 120 million, respectively[48] - The group has no interest-bearing debt as of December 31, 2018, consistent with the previous year[48] - The company had distributable reserves amounting to HKD 5,988,000[83] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules, with no specific term for non-executive directors' appointments[129] - All independent non-executive directors have confirmed their independence according to GEM Listing Rules[98] - The board consists of ten members, including six executive directors and four independent non-executive directors[131] - The company emphasizes a clear separation of roles between the chairman and the CEO to ensure balanced power distribution[134] - The remuneration committee is composed of four independent non-executive directors and three executive directors, focusing on the remuneration policies for directors and senior management[139] Strategic Initiatives - The company plans to focus on developing its overall design and architectural design business segments to enhance shareholder returns in the coming year[22] - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[58] - The company is investing $50 million in research and development for new technologies aimed at enhancing product efficiency[58] - Market expansion plans include entering three new international markets by the end of the fiscal year, projected to increase market share by 5%[58] - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[58] Risk Factors - The company expressed gratitude to customers, suppliers, business partners, employees, and shareholders for their continued support[23] - The company has adopted various environmental policies to enhance environmental quality, including the use of recyclable materials and energy-efficient equipment[71] - The independent auditor's report highlights the importance of management's judgment in estimating contract revenue[178] Audit and Compliance - The financial statements were audited by Deloitte Touche Tohmatsu, who is eligible and willing to be reappointed at the upcoming annual general meeting[124] - The auditor has issued an unqualified opinion on the group's disclosed continuing connected transactions[108] - The audit committee held four meetings during the year, reviewing financial announcements and internal controls[147] Other Information - The group recognized contract revenue of HKD 44,780,000 as of December 31, 2018[178] - Trade receivables and contract assets amounted to approximately HKD 72,215,000 and HKD 5,630,000, representing about 26% and 2% of the group's total assets respectively[181] - An additional impairment loss of HKD 2,140,000 was recognized for trade receivables during the year ended December 31, 2018[181]