Financial Performance - The group's revenue increased by 8.3% to HK$29,200,000 in 2024, compared to HK$26,900,000 in 2023[8] - Gross profit rose to HK$5,700,000 with a gross margin of 19.4%, up from HK$4,900,000 and 18.1% in the previous year[8] - The company recorded a profit attributable to owners of HK$200,000 in 2024, recovering from a loss of HK$1,600,000 in 2023[8] - Revenue for the year ended December 31, 2024, was HKD 29,155,000, an increase of 8.3% from HKD 26,911,000 in 2023[113] - Gross profit for 2024 was HKD 5,653,000, up 15.7% from HKD 4,882,000 in 2023[113] - The company reported a profit attributable to owners of HKD 189,000 for 2024, compared to a loss of HKD 1,643,000 in 2023[113] - Basic and diluted earnings per share for 2024 were HKD 0.2 cents, recovering from a loss of HKD 3.2 cents per share in 2023[113] - The company reported a total adjusted profit before tax of HKD 350,000 for 2024, compared to a loss of HKD 1,218,000 in 2023[151] - The income tax expense for 2024 is HKD 161,000, down from HKD 425,000 in 2023, showing a decrease of about 62.1%[161] Cash Flow and Liquidity - Cash outflow from operating activities was HK$10,300,000, compared to an inflow of HK$3,500,000 in 2023[10] - Cash and cash equivalents decreased to HKD 7,020,000 in 2024 from HKD 18,166,000 in 2023, reflecting cash flow challenges[114] - The company’s cash and cash equivalents decreased to HKD 7,020,000 in 2024 from HKD 18,166,000 in 2023, a reduction of approximately 61.4%[200] - The company’s cash balance significantly decreased from 10,723,000 HKD in 2023 to 320,000 HKD in 2024[189] - The net cash/debt position improved to HKD (2,275,000) in 2024 from HKD (12,548,000) in 2023, indicating a positive change in financial leverage[200] Assets and Liabilities - Total assets as of December 31, 2024, were HK$26,400,000, down from HK$27,000,000 in 2023, while total liabilities decreased to HK$4,700,000 from HK$5,600,000[10] - Total assets decreased to HKD 26,464,000 in 2024 from HKD 27,046,000 in 2023[114] - The company’s total liabilities decreased from HKD 5,618,000 in 2023 to HKD 4,745,000 in 2024, a reduction of approximately 15.5%[151] - The company’s total equity increased to HKD 21,719,000 in 2024 from HKD 21,428,000 in 2023, showing a positive trend in net assets[114] Shareholder and Capital Management - The company did not engage in any capital raising activities in 2024, but raised net proceeds of HK$18,000,000 from a rights issue in 2023[12] - The company completed a rights issue, resulting in the issuance of shares worth HKD 17,972,000 during the year[116] - The company adopted two share plans, including a stock option plan and a share award plan, which allow for a total issuance of up to 2,846,716 shares, representing 10% of the issued shares as of June 30, 2023[185] - The company has no outstanding stock options as of December 31, 2024, and did not grant any stock options during the reporting period[186] Risk Management - The business faces risks from fluctuating product prices, influenced by consumer behavior and economic conditions, and is taking measures to mitigate these risks[15] - The group has increased its provision for expected credit losses on accounts receivable to HKD 290,000 for the year ending December 31, 2024, compared to HKD 155,000 in 2023[16] - The group has not implemented any foreign exchange hedging policies but will monitor foreign exchange risk exposure and take appropriate measures if necessary[16] - The expected credit loss for trade receivables is sensitive to changes in economic conditions, with historical loss experiences not necessarily indicative of future defaults[144] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules and has not been aware of any significant non-compliance with relevant laws and regulations in 2024[53] - The board emphasizes the importance of good corporate governance practices to enhance accountability and transparency[56] - The board consists of five directors with diverse skills in business operations, corporate management, and financial management[58] - The board has implemented a diversity policy, considering various factors such as gender, age, and professional qualifications in director selection[59] - The company secretary assists the board in fulfilling obligations under GEM listing rules and ensures compliance with meeting regulations[62] Sustainability and Social Responsibility - The company continues to integrate sustainability into its core business strategy, focusing on employment practices, environmental protection, and corporate governance[74] - The company has enhanced workplace safety protocols and expanded employee development programs as part of its sustainability initiatives[74] - The company has prioritized reducing carbon emissions and optimizing resource efficiency in its environmental protection efforts[74] - The group reported a decrease in indirect greenhouse gas emissions to 8.5 tons (CO2 equivalent) in 2024, down from 8.7 tons in 2023[82] - The company values stakeholder feedback and maintains communication through various channels, including performance evaluations and financial reports[79] Employee and Compensation - The total employee costs, including salaries and wages, increased to HKD 2,328,000 in 2024 from HKD 2,073,000 in 2023, reflecting a rise of approximately 12.3%[10] - The total remuneration for the five highest-paid individuals in 2024 is HKD 1,263,000, up from HKD 1,050,000 in 2023, representing an increase of approximately 20.3%[165] - The group has implemented a performance-based compensation policy, with annual reviews of salary schemes and additional employee benefits[91] Compliance and Legal Matters - The company has not encountered any significant violations of labor laws, ensuring compliance with employment regulations throughout 2024[88] - The group maintains high standards of business integrity, with strict policies against bribery and corruption, ensuring ethical business practices[98] - The group has adhered to the Prevention of Bribery Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance during the year[98] - The company has established a whistleblowing policy to encourage reporting of any suspected misconduct or illegal activities[98] Financial Reporting and Accounting - The consolidated financial statements are prepared in accordance with all applicable Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance[123] - The financial statements are presented in Hong Kong dollars, which is the same as the company's functional currency[125] - Significant accounting judgments and estimates include determining tax provisions and assessing the useful lives and residual values of property, plant, and equipment[141] - The group regularly reviews tax treatments of transactions to account for changes in tax regulations[142]

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 29,155,000, representing an increase of 8.3% from HKD 26,911,000 in 2023[4] - Gross profit for the same period was HKD 5,653,000, up from HKD 4,882,000, indicating a gross margin improvement[4] - The net profit attributable to the owners of the company was HKD 189,000, a significant recovery from a loss of HKD 1,643,000 in the previous year[4] - Basic and diluted earnings per share for the year were both HKD 0.2 cents, compared to a loss of HKD 3.2 cents per share in 2023[4] - The company reported a comprehensive income of HKD 491,000 for the year, compared to a loss of HKD 1,733,000 in the previous year[4] - The adjusted profit before tax for the same period was HKD 350,000, with total segment profits amounting to HKD 4,223,000[17] - The group reported a total loss before tax of HKD 1,218,000 for the fiscal year ending December 31, 2023[18] - The company reported a pre-tax profit of HKD 350,000 for 2024, recovering from a loss of HKD 1,218,000 in 2023[24] - The group's revenue increased by 8.6% to HK$29,200,000 in 2024, compared to HK$26,900,000 in 2023[33] - Gross profit rose to HK$5,700,000 with a gross margin of 19.5%, up from HK$4,900,000 and 18.1% in the previous year[33] - The group recorded a profit attributable to owners of HK$200,000 in 2024, recovering from a loss of HK$1,600,000 in 2023[33] Assets and Liabilities - Total assets decreased slightly to HKD 26,464,000 from HKD 27,046,000 year-over-year[5] - The company's cash and cash equivalents decreased to HKD 7,020,000 from HKD 18,166,000, indicating a reduction in liquidity[5] - Total equity increased to HKD 21,719,000 from HKD 21,428,000, showing a positive trend in the company's financial health[5] - The total assets reported for the group were HKD 26,464,000, with allocated segment assets of HKD 18,556,000[17] - The total liabilities reported for the group were HKD 5,618,000, with segment liabilities amounting to HKD 2,909,000[18] - Total assets decreased to HK$26,400,000 in 2024 from HK$27,000,000 in 2023, with total liabilities reduced to HK$4,700,000 from HK$5,600,000[36] - The group's net asset value increased to HK$21,700,000 in 2024, compared to HK$21,400,000 in 2023, with a net asset value per share of HK$0.19[36] Sales and Revenue Segments - For the fiscal year ending December 31, 2024, the reported segment revenues were HKD 29,155,000, with contributions from home products, planting, and decorative products at HKD 5,332,000, HKD 2,106,000, and HKD 21,717,000 respectively[17] - Revenue from external customers in Hong Kong, the operating location, was HKD 23,824,000 for 2024, an increase from HKD 20,267,000 in 2023[19] - Sales of decorative products significantly increased to HKD 21,717,000 in 2024, up 33.5% from HKD 16,261,000 in 2023[22] - The group's revenue from a major customer in the home products segment was HKD 3,890,000 for 2024, representing over 10% of total revenue[21] Cash Flow and Investments - Cash used in operating activities was HK$10,300,000 in 2024, compared to HK$3,500,000 in 2023, while cash flow from investing activities was zero[36] - The group raised a net amount of HK$18,000,000 from a rights issue in 2023, with allocations for repaying customer advances and acquiring operating assets[37] - The group plans to monitor external conditions closely and may utilize unspent funds of HK$5,000,000 for operational needs in 2025[37] Tax and Dividends - The company’s total tax expense for 2024 was HKD 161,000, a decrease from HKD 425,000 in 2023[24] - The company did not declare any dividends for the year ending December 31, 2024, consistent with 2023[25] - The company has not recognized deferred tax assets for tax losses that can be carried forward indefinitely in Hong Kong, with tax losses amounting to HKD 2,767,000 in 2024[24] Business Operations - The company is engaged in the sale of household goods, planting products, and decorative items, with a focus on expanding its market presence[6] - The group has three reportable operating segments, which are monitored separately for performance evaluation and resource allocation[16] - The group’s financial services business has not generated revenue in the past two years[16] - The group remains focused on core business growth and product diversification to enhance market penetration amid uncertain global economic conditions[34] - The group has no significant capital commitments or major investments as of December 31, 2024[38] Trade Receivables and Payables - Trade receivables increased significantly to HKD 6,894,000 from HKD 2,728,000, reflecting improved sales performance[5] - Trade receivables increased to HKD 7,184,000 in 2024, up 149.9% from HKD 2,883,000 in 2023[28] - Trade payables slightly increased to HKD 1,982,000 in 2024 from HKD 1,921,000 in 2023[30] Financial Reporting Standards - The group is currently assessing the impact of new and revised Hong Kong Financial Reporting Standards on its financial statements[11]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 13,882 million, an increase of 10.3% compared to HKD 12,591 million for the same period in 2023[5] - Gross profit decreased to HKD 2,597 million, down 19.2% from HKD 3,213 million year-on-year[1] - The net loss attributable to owners for the period was HKD 482 million, compared to a loss of HKD 38 million in the same period last year[1] - The company recorded a net loss of HKD 349 million for the six months ended June 30, 2024, compared to a loss of HKD 38 million in the same period of 2023[9] - The company reported a basic and diluted loss per share of HKD 0.4, compared to HKD 0.1 in the previous year[1] - The company recorded a consolidated loss attributable to owners of HKD 500,000 (2023: HKD 40,000) with a basic and diluted loss per share of HKD 0.004 (2023: HKD 0.001)[24] Expenses and Liabilities - Administrative expenses reduced to HKD 2,734 million, a decrease of 11.3% from HKD 3,082 million in the previous year[1] - Current liabilities increased to HKD 8,271 million, up 47.5% from HKD 5,618 million at the end of 2023[2] - The net cash outflow from operating activities was HKD 7,409 million, compared to HKD 843 million in the previous year[4] - Total assets less current liabilities amounted to HKD 20,746 million, down from HKD 21,428 million at the end of 2023[2] Cash and Assets - Cash and bank balances at the end of the period were HKD 10,536 million, down from HKD 18,166 million at the end of 2023[4] - The total equity of the company as of June 30, 2024, was HKD 20,746 million, a decrease from HKD 21,428 million at the end of 2023[2] - Trade receivables as of June 30, 2024, amounted to HKD 6,177 million, significantly higher than HKD 2,883 million as of December 31, 2023[18] - Total assets as of June 30, 2024, were HKD 29,000,000 (2023: HKD 27,000,000) and total liabilities were HKD 8,300,000 (2023: HKD 5,600,000)[25] Revenue Segmentation - Home products segment revenue reached HKD 9,422 million, up 116.5% from HKD 4,351 million year-on-year[9] - The home products segment accounted for 67.8% of total revenue, indicating a strong focus on this area[9] - The company experienced a significant increase in revenue from Hong Kong, rising to HKD 4,090 million from HKD 2,410 million year-on-year[11] - The company reported a total segment profit of HKD 1,900 million, compared to HKD 1,678 million in the previous year, reflecting a 13.2% increase[9] Dividends and Shareholder Information - The company did not recommend any interim dividend for the reporting period, consistent with the previous year[16] - As of June 30, 2024, the company has issued a total of 113,868,640 shares, with Mr. Jin Guangwu holding 29.8% (33,905,456 shares) and Rising Sun Investment Limited holding 9.9% (11,318,396 shares) of the shares[31] - The company has not granted any share options or awards during the reporting period, with none outstanding as of December 31, 2023[32] - No interim dividend was recommended for the reporting period, consistent with the previous year[43] Corporate Governance and Management - The CEO position is currently vacant, and the company will appoint a suitable candidate when found[47] - The audit committee consists of three independent non-executive directors, ensuring accurate financial reporting and compliance with accounting standards[48] - The company has adopted GEM listing rules for securities trading by directors, and all directors confirmed compliance during the reporting period[46] Future Plans and Market Strategy - The company aims to actively respond to market volatility and achieve sustainable profit growth in the future[26] - The company plans to utilize HKD 5,000,000 from the net proceeds of the 2023 rights issue for the acquisition of operating assets[28] - The company will continue to monitor external conditions and its internal financial status to adapt its funding needs[28] Employee Information - The company has 15 employees as of June 30, 2024, consistent with the previous year[30] Share Plans - The company has adopted two share plans: the Share Option Scheme and the Share Award Scheme, both effective from January 1, 2023, in compliance with GEM Listing Rules[32] - The maximum number of shares that can be issued to service providers under the share option and award plans is capped at 284,671 shares, which is 1% of the shares issued as of June 30, 2023, and 0.2% of the shares issued as of the report date[39] - The vesting period for shares awarded under the Share Award Scheme is determined by the board, with a minimum period of 12 months[41]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 13,882,000, representing an increase of 10.3% from HKD 12,591,000 in the same period of 2023[3] - Gross profit decreased to HKD 2,597,000, down 19.2% from HKD 3,213,000 year-on-year[3] - Loss attributable to owners of the company for the period was HKD 482,000, compared to a loss of HKD 38,000 in the same period last year[3] - The basic and diluted loss per share was HKD 0.4, compared to HKD 0.1 for the same period in 2023[3] - The company recorded a pre-tax loss of HKD 158,000 for the period, compared to a pre-tax profit of HKD 263,000 in the same period last year[9] - The group recorded a consolidated loss attributable to shareholders of HKD 500,000 (2023: HKD 40,000), with a basic and diluted loss per share of HKD 0.4 cents (2023: HKD 0.1 cents)[23] Assets and Liabilities - The total assets less current liabilities amounted to HKD 20,746,000 as of June 30, 2024, down from HKD 21,428,000 at the end of 2023[5] - As of June 30, 2023, total assets amounted to HKD 29,017 million, with allocated assets of HKD 20,092 million across various segments[10] - The company reported a total liability of HKD 8,271 million as of June 30, 2023, with segment liabilities totaling HKD 7,109 million[10] - As of June 30, 2024, total assets were HKD 29,000,000 (December 31, 2023: HKD 27,000,000) and total liabilities were HKD 8,300,000 (December 31, 2023: HKD 5,600,000)[25] Revenue Segmentation - The home goods segment generated revenue of HKD 9,792,000, a substantial increase from HKD 4,351,000 in the previous year[9] - Revenue from external customers in Hong Kong increased to HKD 4,090 million for the six months ended June 30, 2024, compared to HKD 2,410 million in the same period of 2023[10] - Revenue from the People's Republic of China and the United States reached HKD 13,882 million for the six months ended June 30, 2024, up from HKD 12,591 million in the previous year[10] Expenses - Administrative expenses decreased to HKD 2,734,000 from HKD 3,082,000 year-on-year, reflecting a reduction of 11.3%[3] - Employee costs (excluding directors' remuneration) rose to HKD 908 million for the six months ended June 30, 2024, compared to HKD 611 million in the same period of 2023[12] Cash Flow - The net cash outflow from operating activities was HKD 7,400,000 (2023: HKD 800,000), resulting in a total net cash outflow of HKD 7,600,000 (2023: HKD 900,000)[24] Corporate Governance - The company has established an audit committee composed of three independent non-executive directors to ensure the accuracy and fairness of financial reporting[46] - The audit committee has reviewed the unaudited condensed interim results for the reporting period and believes they have been prepared in accordance with applicable accounting standards and GEM listing rules, ensuring full disclosure[47] - The board of directors includes executive directors and independent non-executive directors, indicating a diverse governance structure[47] - The company secretary is responsible for the announcement, reflecting the importance of corporate governance[47] Shareholder Information - Major shareholders include Mr. Jin Guangwu with a 29.8% stake and Rising Sun Investment Limited with a 9.9% stake in the company[31] - The company has adopted two share plans: the Share Option Plan and the Share Award Plan, both effective from January 1, 2023, with a total of 2,846,716 shares available for grant as of June 30, 2024, representing 10% of the issued shares as of June 30, 2023[32] - The maximum number of shares that can be issued under the Share Option Plan to service providers is capped at 284,671 shares, which is 1% of the issued shares as of June 30, 2023[34] Future Outlook - The outlook remains uncertain due to global economic challenges, including the US-China conflict and high global interest rates[26] - The group aims to achieve sustainable profit growth by actively responding to market volatility and seizing suitable business opportunities[26] Miscellaneous - The company has not reported any new product developments or market expansions during this period[3] - The company did not acquire any property, plant, or equipment during the reporting period, consistent with the previous year[15] - The company has not proposed any interim dividend for the reporting period, similar to the previous year[14] - There were no significant events after the reporting period that would impact the financial results[22] - The company has not engaged in any business that competes or may compete with its group during the reporting period[43] - The company will maintain its website for public access to the announcement, promoting stakeholder engagement[47] - The announcement date is August 27, 2024, indicating the timeliness of the financial reporting[47]

Financial Performance - The group's revenue increased by 20.6% to HKD 26,900,000 for the year ended December 31, 2023, compared to HKD 22,300,000 in 2022[9]. - Gross profit rose to HKD 4,900,000 with a gross margin of 18.1%, up from HKD 2,600,000 and 11.7% in the previous year, attributed to higher value-added home and decorative products and reduced raw material costs[9]. - The net loss attributable to owners narrowed to HKD 1,600,000 from a profit of HKD 49,300,000 in 2022, reflecting a significant decrease in losses compared to HKD 6,400,000 in the previous year after excluding one-time gains[9]. - Revenue for the year ended December 31, 2023, was HKD 26,911,000, an increase of 20.5% from HKD 22,312,000 in 2022[112]. - Gross profit for 2023 was HKD 4,882,000, representing a gross margin of 18.1%, compared to HKD 2,626,000 in 2022[112]. - The company reported a net loss attributable to owners of HKD 1,643,000 for 2023, a significant decline from a profit of HKD 49,290,000 in 2022[112]. - The company reported a pre-tax loss of HKD 1,218,000 in 2023, compared to a profit of HKD 49,712,000 in 2022, indicating a significant decline in performance[179]. Cash Flow and Liquidity - Cash inflow from operating activities was HKD 3,500,000, while investment activities generated a cash inflow of HKD 200,000, and financing activities produced HKD 16,500,000, resulting in a net cash inflow of HKD 13,200,000[11]. - Cash and cash equivalents rose to HKD 18,166,000 in 2023, up from HKD 4,960,000 in 2022, indicating a substantial liquidity improvement[113]. - The net cash used in operating activities was HKD 3,472,000, a significant increase from HKD 57,000 in the previous year[116]. - The company completed a rights issue, raising HKD 18,788,000, with issuance costs of HKD 816,000[116]. - The company had a net cash inflow from financing activities of HKD 16,500,000, compared to HKD 3,204,000 in the previous year[116]. Assets and Liabilities - Total assets increased to HKD 27,000,000 from HKD 22,200,000, with total liabilities decreasing to HKD 5,600,000 from HKD 17,000,000, leading to a net asset value of HKD 21,400,000[11]. - The company’s total equity increased to HKD 21,428,000 in 2023, compared to HKD 5,189,000 in 2022, marking a significant recovery[113]. - The total liabilities increased to HKD 5,618,000 in 2023 from HKD 17,004,000 in 2022, showing a decrease of approximately 67%[171]. - Trade receivables decreased significantly to HKD 2,728,000 in 2023 from HKD 10,693,000 in 2022, indicating improved collection efforts[113]. Shareholder and Capital Management - The company issued a total of 113,868,640 shares, raising net proceeds of HKD 18,000,000 from a rights issue, which will be used for customer advances, acquisition of operating assets, and general working capital[12]. - The company has not declared any dividends for the year ending December 31, 2023, consistent with 2022[22]. - The company has not granted any share awards or options during the reporting period, and there are no unexercised options as of December 31, 2023[31]. Corporate Governance - The board of directors includes experienced individuals with backgrounds in consumer industry management, financial management, and logistics[17][18][19]. - The audit committee has reviewed the financial statements and found them to be in accordance with applicable accounting standards[39]. - The company has acknowledged the importance of compliance with relevant laws and regulations, with no known significant non-compliance issues reported for 2023[41]. - The board has a clear policy distinguishing the roles of the chairman and the CEO, with the CEO position currently vacant as of 2023[51]. - The board consists of five members with diverse skills in business operations, corporate management, and financial management, including two executive directors and three independent non-executive directors[47]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to sustainable development, setting new performance targets related to employment, environmental protection, and corporate governance for the fiscal year ending December 31, 2023[67]. - The board established an Environmental, Social, and Governance (ESG) working group to oversee and evaluate the company's ESG objectives and strategies, reflecting a commitment to long-term sustainable development[68]. - The company aims to integrate ESG considerations into its decision-making processes, identifying and prioritizing relevant ESG issues and risks[69]. - The company adheres to the GEM listing rules for its ESG reporting, ensuring transparency and accountability in its operations[70]. Employee and Social Responsibility - The company emphasizes work-life balance by organizing various social activities and employee development programs[89]. - In 2023, the gender diversity ratio among employees was 39% male and 61% female, showing a commitment to equal opportunities[87]. - The company has not made any charitable donations in 2023, similar to 2022[23]. - The company encourages shareholder engagement through various communication channels, including quarterly reports and annual general meetings[64]. Risk Management and Compliance - The company has implemented a trade credit policy in 2023 to monitor credit risk exposure and customer settlement patterns[15]. - The company has no foreign currency hedging policies in place but will monitor foreign exchange risks[16]. - The company has implemented a supply chain management policy to assess and monitor suppliers' compliance with environmental and social standards[92]. - The company adheres to all employment laws and regulations, ensuring compliance with the Employment Ordinance and other anti-discrimination laws, with no significant violations reported in 2023[84].

Financial Performance - The company reported a revenue of HKD 26,911,000 for the year ended December 31, 2023, representing an increase of 20.5% compared to HKD 22,312,000 in 2022[4]. - Gross profit for the year was HKD 4,882,000, up 86.0% from HKD 2,626,000 in the previous year[4]. - The company incurred a loss attributable to owners of HKD 1,643,000, a significant decrease from a profit of HKD 49,290,000 in 2022[4]. - The group reported a pre-tax loss of HKD 1,218,000 for the year ending December 31, 2023, compared to a profit of HKD 3,363,000 in 2022[66]. - The company reported a significant reduction in net loss attributable to shareholders, narrowing to HKD 1,600,000 from a profit of HKD 49,300,000 in the previous year[85]. Assets and Liabilities - Total assets increased to HKD 27,046,000 in 2023 from HKD 22,193,000 in 2022, reflecting a growth of 21.0%[6]. - The group’s total assets were valued at HKD 27,046,000, with total liabilities amounting to HKD 5,618,000[66]. - Total liabilities decreased to HKD 5,600,000 from HKD 17,000,000[88]. - The company has no borrowings as of December 31, 2023, maintaining a strong financial position with a net asset value of HKD 21,400,000[88]. Cash Flow and Liquidity - Cash and cash equivalents rose sharply to HKD 18,166,000 from HKD 4,960,000, indicating a substantial increase in liquidity[6]. - The net cash generated from operating activities was HKD 3,500,000, compared to HKD 60,000 in 2022, while net cash from investing activities was HKD 200,000, improving from a cash outflow of HKD 40,000[88]. Share Capital and Equity - The group issued 8,476,364 shares at HKD 0.55 each to repay operational funding loans amounting to HKD 4,662,000, resulting in an increase in share capital and share premium of HKD 678,000 and HKD 3,984,000 respectively[31]. - The average number of ordinary shares outstanding increased to 51,241,000 in 2023 from a restated 19,923,000 in 2022[76]. - The company issued a total of 113,868,640 shares as of December 31, 2023, up from 28,467,160 shares in 2022, due to a rights issue that raised net proceeds of HKD 18,000,000[89]. - The company recognized a gain of HKD 55,704,000 from the termination of liabilities, which was not present in the current fiscal year[4][10]. - The company’s total equity increased to HKD 21,428,000 in 2023, compared to HKD 5,189,000 in 2022, marking a growth of 312.5%[6]. Trade Receivables and Impairments - Trade receivables decreased to HKD 2,728,000 from HKD 10,693,000, showing a reduction of 74.5%[6]. - The expected credit loss ratio for trade receivables was 16.1%, with a loss provision of approximately HKD 1,812,000[80]. - The impairment provision for trade receivables in 2023 was HKD 155, compared to HKD 1,812 in 2022, indicating a significant reduction in losses[93]. Expenses - Administrative expenses slightly decreased to HKD 6,048,000 from HKD 6,152,000, reflecting a reduction of 1.7%[4]. - The company’s financial expenses decreased significantly to HKD 3,000 from HKD 1,157,000, indicating improved cost management[4]. - The group’s administrative expenses included employee costs of HKD 2,073,000, up from HKD 1,619,000 in the previous year[52]. - The group recognized a provision for inventory costs of HKD 22,029,000, an increase from HKD 19,686,000 in 2022[52]. Revenue Breakdown - The group reported total revenue of HKD 22,312,000 for the year 2023, with contributions from home goods, planting, and decoration businesses being HKD 11,244,000, HKD 4,902,000, and HKD 6,166,000 respectively[48]. - Revenue from a single customer in the home goods business amounted to HKD 4,087,000, while a customer in the planting business generated HKD 4,006,000, and three customers in the decoration business contributed HKD 5,530,000, HKD 4,901,000, and HKD 2,850,000, each accounting for 10% or more of total revenue[49]. - Sales of home products decreased to HKD 6,644,000 in 2023 from HKD 11,244,000 in 2022, representing a decline of 41.5%[71]. Future Outlook - The outlook remains uncertain due to global economic challenges, including ongoing US-China tensions and high interest rates, which may impact business activities[87]. - The company aims to explore opportunities in the financial services sector, despite no revenue in recent years, to revitalize this business segment[86]. Compliance and Governance - The company has complied with GEM listing rules regarding director securities trading standards[106]. - The board of directors is in the process of identifying suitable candidates to fill the vacancy of the Chief Executive Officer position[106].

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 11,979,000, a significant increase of 173% compared to HKD 4,372,000 in the same period of 2022[18] - The gross profit for the same period was HKD 1,324,000, up from HKD 488,000, reflecting a gross margin improvement[18] - The company recorded a net loss attributable to shareholders of HKD 170,000 for the three months ended September 30, 2023, compared to a profit of HKD 54,944,000 in the prior year[21] - For the nine months ended September 30, 2023, total revenue reached HKD 24,570,000, an increase of 20% from HKD 20,381,000 in the same period of 2022[18] - The group's revenue increased by 20.6% to HKD 24,600,000 for the nine months ended September 30, 2023, compared to HKD 20,400,000 in 2022[37] - Gross profit rose to HKD 4,600,000 with a gross margin of 18.6%, up from HKD 2,500,000 and 12.1% in the previous year, attributed to higher margins in home and decorative products[37] - The company recorded a loss attributable to owners of HKD 200,000, compared to a profit of HKD 52,900,000 in 2022, resulting in a basic and diluted loss per share of HKD 0.007[37] - The basic and diluted loss per share for the three months ended September 30, 2023, was HKD (0.6), compared to earnings of HKD 352.5 in the same period of 2022[18] Administrative and Other Expenses - The company reported total administrative expenses of HKD 4,658,000 for the nine months ended September 30, 2023, slightly up from HKD 4,605,000 in the previous year[18] - The board does not recommend the distribution of dividends for the reporting period, consistent with the previous year[50] - The company has no significant commitments during the reporting period[38] Share Issuance and Corporate Governance - The company completed a rights issue on November 21, 2023, issuing 85,401,480 shares at a subscription price of HKD 0.22 per share[9] - The company has adopted a share option scheme and a share award scheme, but no options or awards were granted during the reporting period[12] - The company continues to comply with the GEM Listing Rules and will review its board structure for potential appointments[15] - The audit committee has reviewed the quarterly report and confirmed compliance with applicable accounting standards and GEM listing rules[58] Strategic Focus and Market Opportunities - The company aims to strengthen its business foundation and achieve steady performance in the coming years, despite global economic uncertainties[53] - The group continues to explore opportunities in the financial services sector, particularly in response to government initiatives to enhance market liquidity[37] - The company will focus on developing its core businesses and seeking suitable opportunities that can create synergies with its main operations[37] Foreign Exchange and Risk Management - The company has no foreign currency hedging policy due to stable exchange rates of its major currencies, but it will continue to monitor foreign exchange risks[23]

（於百慕達註冊成立之有限公司） （股份代號：08186） 二 零 二 三 年 第 三 季 度 業 績 香港聯合交易所有限公司GEM之特色 GEM之定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯 交所上市的公司帶有較高投資風險。有意投資之人士應了解投資於該等公司 的潛在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市之公司普遍為中小型公司，在GEM買賣之證券可能會較於主板 買賣之證券承受較大之市場波動風險，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香港聯合交易所有限公司（「聯交所」）對本公告 之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不 就因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失 承擔任何責任。 本公告乃遵照GEM證券上市規則（「GEM上巿規則」）之規定提供有關曼妠有限公 司（「本公司」）之資料，本公司董事（「董事」）會（「董事會」）願就本公告所載內容共 同及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所知及所 信，本公告所載資料在各主要方面均為準確及完整，且無誤導或欺詐成分，及 並無 ...

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 12,591, a decrease of 21.1% compared to HKD 16,009 for the same period in 2022[17] - Gross profit for the same period was HKD 3,213, representing a gross margin of 25.5%, compared to HKD 1,969 and a margin of 12.3% in 2022[17] - The company reported a net profit attributable to owners of HKD 493 for the three months ended June 30, 2023, compared to a loss of HKD 431 in the same period of 2022[17] - Basic and diluted earnings per share for the six months ended June 30, 2023, was HKD 0.017, an improvement from a loss of HKD 0.129 in 2022[17] - The company reported a net loss of HKD 38,000 for the six months ended June 30, 2023, compared to a net loss of HKD 2,007,000 in the same period of 2022[27] - The company achieved breakeven during the reporting period, compared to a loss of HKD 2,000,000 in 2022[93] Assets and Liabilities - Total non-current assets amounted to HKD 5,299 as of June 30, 2023, compared to HKD 5,486 as of December 31, 2022[19] - Current assets increased to HKD 21,790 as of June 30, 2023, from HKD 16,707 as of December 31, 2022[19] - Current liabilities rose to HKD 21,938 as of June 30, 2023, compared to HKD 16,969 as of December 31, 2022[19] - The company reported a net asset value of HKD 5,151 as of June 30, 2023, down from HKD 5,224 as of December 31, 2022[19] - Total assets as of June 30, 2023, amounted to HKD 27,089,000, compared to HKD 26,105,000 in the previous year, showing an increase of approximately 3.8%[28] - The total liabilities as of June 30, 2023, were HKD 21,938,000, an increase from HKD 20,458,000 in the previous year, indicating a rise of approximately 7.2%[28] Revenue Breakdown - Revenue from Hong Kong decreased to HKD 2,410,000, down 18.4% from HKD 2,954,000 in the previous year[52] - Revenue from the United States significantly dropped to HKD 1,334,000, a decline of 70.5% from HKD 4,513,000 in the same period last year[52] - The reported segment profit for the home goods business was HKD 340,000, down from HKD 1,411,000 in the previous year, indicating a decrease of about 76.0%[27] - The segment profit for the decorative products business was HKD 1,281,000, down from HKD 393,000 in the previous year, reflecting a decrease of approximately 226.2%[27] Expenses and Costs - Administrative expenses for the six months ended June 30, 2023, were HKD 3,082, an increase from HKD 2,931 in 2022[17] - The company incurred finance costs of HKD 1,014,000 for the six months ended June 30, 2023, compared to HKD 538,000 in the same period of 2022, representing an increase of about 88.5%[32] Cash Flow and Investments - Cash and cash equivalents at the end of the period were HKD 4,052,000, down from HKD 4,960,000 at the beginning of the period, reflecting a decrease of approximately 18.2%[24] - The group recorded a net cash outflow of HKD 900,000 during the reporting period, compared to a net inflow of HKD 1,200,000 in 2022[70] - The group completed the acquisition of property, plant, and equipment valued at HKD 2,500,000 during the reporting period[61] - The group has no significant capital commitments outstanding as of June 30, 2023[73] - There were no major investments or acquisitions made during the reporting period[74] Dividends and Future Outlook - The company did not recommend the payment of an interim dividend for the reporting period, consistent with the previous year[38] - The company expects ongoing global economic uncertainty to impact business operations, including challenges from U.S.-China tensions and rising global interest rates[95] - The company believes its improved financial condition will strengthen its business foundation for stable performance in the coming years[95] - The company has not proposed any interim dividend for the reporting period[99] Audit and Governance - The audit committee consists of three independent non-executive directors, chaired by Ms. Peng Jing Si, ensuring the accuracy and fairness of the group's financial statements and reports[106] - The audit committee reviews the group's financial control, internal control, and risk management systems[106] - Sufficient resources are provided to the audit committee to fulfill its responsibilities[106] Other Information - The group continues to explore opportunities in the financial services sector, which has been inactive for the past two years[69] - The group has no foreign currency hedging policy due to stable exchange rates of its major currencies[70] - No significant events occurred after the reporting period that would impact the financial statements[92]

（於百慕達註冊成立之有限公司） （股份代號：0.8.1.8.6） 二 零 二 三 年 中 期 業 績 香港聯合交易所有限公司GEM之特色 GEM之定位，乃為較其他在聯交所上市之公司帶有較高投資風險之中小型公 司提供一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險， 並應經過審慎周詳之考慮後方作出投資決定。 由於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 買賣之證券承受較大之市場波動風險，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香港聯合交易所有限公司（「聯交所」）對本公告 之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承 擔任何責任。 本公告乃遵照GEM證券上市規則（「GEM上市規則」）之規定提供有關本公司之資 料，本公司董事（「董事」）會（「董事會」）願就本公告所載內容共同及個別承擔全 部責任。各董事在作出一切合理查詢後確認，就彼等所知及所信，本公告所載 資料在各主要方面均為準確及完整，且無誤導或欺詐成分，及並無遺漏任何其 他事實，致令本公告之任何 ...