Financial Performance - The Group generated revenue of approximately HK$488.1 million for the year ended 30 June 2024, representing an increase of 23.4% compared to HK$395.4 million for the year ended 30 June 2023[5]. - The Group recorded a net loss of approximately HK$4.8 million for the year ended 30 June 2024, an improvement from a net loss of approximately HK$5.3 million for the year ended 30 June 2023[5]. - Gross profit for the year ended 30 June 2024 was HK$33.6 million, compared to HK$30.1 million for the year ended 30 June 2023, reflecting a growth in profitability[7]. - Total comprehensive loss for the year was HK$5.8 million, compared to HK$10.7 million in the previous year, indicating a reduction in overall losses[8]. - Loss per share for the year ended 30 June 2024 was HK$0.81, an improvement from HK$0.93 for the year ended 30 June 2023[7]. - The Group's loss before taxation was HK$3,565,000, indicating a challenging financial period despite revenue growth[42]. - The Group's financial results are subject to the risks associated with being listed on the GEM, which may experience higher market volatility[2]. Revenue Breakdown - The Group's service income from environmental and cleaning services was HK$485.4 million, while interest income from money lending was HK$2.7 million for the year ended 30 June 2024[7]. - Revenue from environmental and cleaning services increased to HK$485,387,000 in 2024, up from HK$391,005,000 in 2023, representing a growth of approximately 24.1%[38]. - Revenue from the environmental and cleaning services business in Hong Kong increased by approximately HK$94.6 million to approximately HK$467.5 million for the year ended 30 June 2024, compared to HK$372.9 million for the year ended 30 June 2023[32]. - The breakdown of revenue by service sector for the year ended 30 June 2024 shows commercial services at HK$148.9 million (31.8%), residential services at HK$134.5 million (28.8%), hospitality at HK$14.4 million (3.1%), transportation at HK$92.0 million (19.7%), and government services at HK$68.7 million (14.7%)[33]. Expenses and Costs - Selling and marketing expenses increased to HK$3.0 million for the year ended 30 June 2024, up from HK$2.5 million in the previous year[7]. - Administrative expenses rose to HK$24.3 million for the year ended 30 June 2024, compared to HK$22.3 million for the year ended 30 June 2023[7]. - Total salaries, wages, and other benefits increased to HK$249,886,000 in 2024 from HK$199,877,000 in 2023, reflecting a rise of approximately 25%[59]. - The cost of inventories sold rose to HK$8,315,000 in 2024 from HK$7,647,000 in 2023, representing an increase of about 8.7%[60]. - The expense relating to short-term leases increased to HK$924,000 in 2024 from HK$534,000 in 2023, showing a significant rise of approximately 73%[60]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to HK$231,291,000, an increase from HK$224,023,000 in 2023, representing a growth of approximately 1.13%[9]. - Current liabilities increased to HK$100,306,000 in 2024 from HK$82,168,000 in 2023, reflecting a rise of about 22.08%[9]. - Trade receivables rose to HK$94,366,000 in 2024, up from HK$86,739,000 in 2023, indicating an increase of approximately 8.83%[9]. - Cash and cash equivalents increased to HK$103,174,000 in 2024 from HK$90,313,000 in 2023, marking a growth of around 14.25%[9]. - Total equity attributable to owners of the Company decreased to HK$193,838,000 in 2024 from HK$199,298,000 in 2023, a decline of about 2.31%[10]. - Net current assets decreased to HK$130,985,000 in 2024 from HK$141,855,000 in 2023, representing a decrease of approximately 7.69%[9]. - Non-current assets, including property, plant, and equipment, decreased to HK$47,290,000 in 2024 from HK$60,092,000 in 2023, a decline of about 21.29%[9]. Loans and Financing - The Group's money lending strategy focuses on providing secured and unsecured loans to individuals and corporations in Hong Kong and the PRC, with a cautious approach to credit risk assessment[116][121]. - The Group conducts a "know-your-client" procedure and credit risk assessment before approving loan applications, ensuring only borrowers with sound financial abilities are considered[119][121]. - The total loan portion, net of loss allowance, was HK$35,129,000 in 2024 compared to HK$37,031,000 in 2023, indicating a decrease of approximately 5.1%[88]. - The Group's loan portfolio includes approximately HK$28.5 million granted to 2 individual borrowers in Hong Kong, secured by personal guarantees and/or mortgage charges[126]. - The Group has initiated legal proceedings against Borrower F and Borrower G to recover outstanding loans, successfully obtaining default judgment orders from the High Court of The HKSAR[128]. Corporate Governance and Compliance - The Board does not recommend the payment of a final dividend for the year ended 30 June 2024, consistent with the previous year[5]. - The Group's audit committee reviewed the consolidated financial statements for the year ended June 30, 2024, confirming compliance with applicable accounting standards[167]. - The Company has complied with the Corporate Governance Code for the year ended June 30, 2024, with some deviations noted[167]. - The board of directors includes two executive directors and three independent non-executive directors[171]. - The Company is led by Chairman and CEO Yu Shaoheng[171]. Market and Operational Insights - The Group aims to transfer increased labor costs to customers and implement more efficient workflows to offset rising labor costs[141][142]. - The Group plans to strengthen marketing efforts to expand market shares in the commercial and residential sectors and focus on high-value customers to increase revenue through cross-selling services[143][146]. - The Shanghai Operations are not expected to improve significantly in the coming fiscal year due to negative factors affecting nearly all sectors of businesses in Shanghai[144]. - The Group is exploring new environmental and cleaning services to expand its service scope and position itself as a one-stop cleaning contractor[143][146].

Financial Performance - For the six months ended December 31, 2023, the company reported revenue of HK$237,162,000, an increase of 23.4% compared to HK$192,147,000 for the same period in 2022[12]. - Gross profit for the same period was HK$15,174,000, slightly down from HK$15,710,000, indicating a gross margin of approximately 6.4%[13]. - Profit before taxation increased to HK$4,908,000, up 94.5% from HK$2,519,000 in the prior year[13]. - The company achieved a profit for the period of HK$4,580,000, representing a 106.4% increase compared to HK$2,224,000 in the previous year[13]. - Total comprehensive income for the six months ended December 31, 2023, was HK$4,751,000, compared to HK$1,755,000 for the same period in 2022, representing a significant increase of 170%[15]. - Profit for the period attributable to owners of the Company for the six months ended December 31, 2023, was HK$4,783,000, up from HK$2,488,000 in 2022, reflecting an increase of 92%[15]. - Earnings per share for the six months ended December 31, 2023, was HK$0.89, compared to HK$0.46 for the same period in 2022, indicating an increase of 93%[15]. Expenses and Costs - Administrative expenses decreased to HK$10,991,000 from HK$12,131,000, reflecting a cost reduction strategy[13]. - Selling and marketing expenses rose to HK$1,744,000, up from HK$1,349,000, indicating increased investment in marketing efforts[13]. - Finance costs increased to HK$408,000 from HK$292,000, reflecting higher borrowing costs[13]. - Total staff costs, including directors' emoluments, rose to HK$127,578,000 for the six months ended December 31, 2023, up from HK$100,200,000 in 2022, marking an increase of approximately 27.3%[80]. - The Group's central administrative costs for the six months ended December 31, 2023, were HK$1,656,000, a decrease from HK$3,299,000 in the same period of 2022[65]. Assets and Liabilities - Trade receivables increased to HK$106,109,000 as of December 31, 2023, from HK$86,739,000 as of June 30, 2023, representing a growth of 22%[18]. - Current assets totaled HK$243,342,000 as of December 31, 2023, compared to HK$224,023,000 as of June 30, 2023, marking an increase of 9%[18]. - Total equity attributable to owners of the Company increased to HK$204,252,000 as of December 31, 2023, from HK$199,298,000 as of June 30, 2023, reflecting a growth of 2.5%[19]. - Current liabilities rose to HK$98,564,000 as of December 31, 2023, compared to HK$82,168,000 as of June 30, 2023, indicating an increase of 20%[18]. - Cash and cash equivalents decreased to HK$83,811,000 as of December 31, 2023, from HK$90,313,000 as of June 30, 2023, a decline of 7%[18]. Segment Performance - For the six months ended December 31, 2023, the Group's revenue from Environmental and Cleaning services was HK$236,063,000, an increase of 25.7% compared to HK$187,797,000 for the same period in 2022[61]. - Money Lending revenue decreased to HK$1,099,000 for the six months ended December 31, 2023, down 74.7% from HK$4,350,000 in the same period of 2022[61]. - Reportable segment profits for Environmental and Cleaning services were HK$2,536,000, while Money Lending profits were HK$7,364,000 for the six months ended December 31, 2023[65]. Cash Flow - For the six months ended December 31, 2023, the net cash used in operating activities was HK$378,000, a decrease from HK$7,286,000 in the same period of 2022[40]. - The net cash used in investing activities increased significantly to HK$6,199,000 from HK$114,000 year-on-year[40]. - The net cash used in financing activities was HK$33,000, compared to HK$1,043,000 in the previous year[40]. Market Strategy and Outlook - The company is focused on expanding its market presence and enhancing operational efficiency as part of its growth strategy[12]. - The Group plans to enhance marketing efforts to expand market share in commercial and residential sectors, aiming to improve revenue per customer through cross-selling services[172]. - The Group's cautious approach in money lending strategies focuses on reducing exposure to high-risk loans, considering only borrowers with sound financial abilities[177]. Risks and Challenges - The Group is facing increased labor costs and turnover rates in the environmental and cleaning services industry, prompting efforts to transfer costs to customers and implement stringent cost control measures[170]. - The Group's money lending business has been affected by prolonged Sino-US trade tensions and the global spread of COVID-19, impacting borrowers' ability to repay loans[155]. Regulatory and Compliance - The directors confirmed that the financial information presented is accurate and complete in all material respects[4]. - The Group is currently evaluating the impact of new and revised Hong Kong Financial Reporting Standards, which may affect its performance and financial position in the future[50].

Financial Performance - Revenue for the six months ended December 31, 2023, was HK$237,162,000, representing a 23.4% increase from HK$192,147,000 in the same period of 2022[8]. - Gross profit for the same period was HK$15,174,000, slightly down from HK$15,710,000, indicating a gross margin decrease[8]. - Profit before taxation increased to HK$4,908,000, up 94.5% from HK$2,519,000 in the prior year[8]. - Profit for the period reached HK$4,580,000, a 106.4% increase compared to HK$2,224,000 in the previous year[8]. - Basic and diluted earnings per share improved to 0.89 HK cents, up from 0.46 HK cents in the same period last year[10]. - Total comprehensive income for the period was HK$4,751,000, compared to HK$1,755,000 in the prior year, reflecting a significant increase[10]. - The profit for the period was HK$4,783,000, compared to HK$2,488,000 for the same period last year, representing a year-over-year increase of 92.0%[15]. - The Company reported a total comprehensive income of HK$4,954,000 for the period, reflecting a significant increase from HK$2,019,000 in the previous year[15]. Expenses and Cost Management - Administrative expenses decreased to HK$10,991,000 from HK$12,131,000, showing a cost control improvement[8]. - Selling and marketing expenses rose to HK$1,744,000 from HK$1,349,000, indicating increased investment in marketing efforts[8]. - Staff costs, including directors' emoluments, rose to HK$127,578,000 for the six months ended December 31, 2023, up from HK$100,200,000 in 2022, reflecting a 27% increase[58]. - Selling, marketing, and administrative expenses increased slightly to approximately HK$12.7 million, down from approximately HK$13.5 million in 2022, mainly due to reduced general office expenses[151]. Assets and Liabilities - As of December 31, 2023, total assets amounted to HK$243,342,000, an increase of 8.6% from HK$224,023,000 as of June 30, 2023[13]. - Trade receivables increased significantly to HK$106,109,000, up 22.2% from HK$86,739,000 in the previous period[13]. - Current liabilities rose to HK$98,564,000, reflecting a 19.9% increase from HK$82,168,000[13]. - Net current assets improved to HK$144,778,000, a slight increase of 2.1% from HK$141,855,000[13]. - Total equity attributable to owners of the Company reached HK$204,252,000, up from HK$199,298,000, marking a growth of 2.0%[13]. - Cash and cash equivalents decreased to HK$83,811,000 from HK$90,313,000, a decline of 7.5%[13]. - The Group's total trade payables amounted to HK$33,909,000 as of December 31, 2023, compared to HK$23,982,000 as of June 30, 2023[95]. Cash Flow - For the six months ended December 31, 2023, the net cash used in operating activities was HK$378,000, a decrease from HK$7,286,000 in the same period of 2022[29]. - The net cash used in investing activities increased significantly to HK$6,199,000 from HK$114,000 year-on-year[29]. - The net cash used in financing activities was HK$33,000, compared to HK$1,043,000 in the previous year[29]. - Cash and cash equivalents at the end of the period were HK$83,811,000, slightly up from HK$81,316,000 at the end of the previous year[29]. Segment Performance - Service income from Environmental and Cleaning services increased to HK$236,063,000 for the six months ended December 31, 2023, up from HK$187,797,000 in 2022, marking a growth of 25.7%[47]. - Reportable segment profits from Environmental and Cleaning services were HK$2,536,000 for the six months ended December 31, 2023, down from HK$4,239,000 in 2022, indicating a decline of 40.2%[47]. - Interest income from Money Lending decreased to HK$1,099,000 for the six months ended December 31, 2023, down from HK$4,350,000 in 2022, a decline of 74.7%[47]. - The money lending business recognized an impairment loss of approximately HK$48 million due to borrowers defaulting on loans amid challenging economic conditions[120][123]. Corporate Governance - The company has complied with the Corporate Governance Code and GEM Listing Rules for the six months ended December 31, 2023, with some deviations noted[196]. - The company has established a code of conduct for securities transactions by directors, with no reported non-compliance during the reporting period[193]. - The roles of the Chairman and CEO are held by the same executive director, which deviates from the code provision A.2.1[199]. - The company believes that a balanced mechanism exists under the supervision of the board and independent non-executive directors to adequately represent shareholder interests[199]. Market Strategy and Outlook - The Group aims to strengthen its marketing efforts to expand market share in commercial and residential sectors, focusing on high-value customers to increase revenue through cross-selling services[141]. - The Group continues to adopt a cautious approach in its money lending strategies, focusing on borrowers with sound financial abilities to mitigate risks associated with economic downturns[143]. - The Group's investment strategy remains cautious, targeting only companies listed on the Stock Exchange with valuable prospects for future investments[144].

Financial Performance - For the three months ended September 30, 2023, the revenue was HK$113,107,000, representing an increase of 19.1% compared to HK$94,946,000 for the same period in 2022[12]. - The gross profit for the same period was HK$7,528,000, a decrease of 7.1% from HK$8,104,000 in the previous year[12]. - Profit before taxation was HK$279,000, down 77.9% from HK$1,262,000 in the prior year[12]. - The profit for the period was HK$117,000, a decline of 87.8% compared to HK$962,000 for the same period in 2022[12]. - Basic and diluted earnings per share were HK$0.02, down from HK$0.22 in the previous year[13]. - Total comprehensive income for the period was HK$66,000, compared to HK$210,000 in the same period last year[13]. - Other income decreased significantly from HK$873,000 in Q3 2022 to HK$51,000 in Q3 2023, a drop of 94.2%[32]. - The total comprehensive income for the period ended September 30, 2023, was HK$66,000, compared to HK$1,168,000 for the same period in 2022[58]. Revenue Sources - Revenue from Environmental and Cleaning services increased to HK$112,565,000 in Q3 2023, up from HK$92,685,000 in Q3 2022, representing a growth of 21.4%[30]. - For the three months ended September 30, 2023, the environmental and cleaning services in Hong Kong generated revenue of approximately HK$108.2 million, an increase from approximately HK$88.0 million for the same period in 2022[79]. - The increase in revenue was mainly due to an additional contribution of approximately HK$20.2 million from the environmental and cleaning services business in Hong Kong, attributed to several new cleaning service contracts obtained during the period[109][112]. Expenses and Costs - Selling and marketing expenses increased to HK$1,028,000 from HK$694,000, reflecting a rise of 48.2%[12]. - Administrative expenses decreased to HK$6,048,000 from HK$6,865,000, a reduction of 11.9%[12]. - Finance costs increased to HK$199,000 from HK$146,000, marking a rise of 36.3%[12]. - Staff costs, including Directors' emoluments, rose to HK$59,653,000 in Q3 2023, compared to HK$49,328,000 in Q3 2022, an increase of 20.9%[38]. - The Group is facing increased labor costs and high turnover rates in the environmental and cleaning services sector, prompting efforts to pass costs onto customers and implement stricter cost control measures[100][101]. Profitability and Losses - Interest income from Money Lending decreased to HK$542,000 in Q3 2023, down from HK$2,261,000 in Q3 2022, a decline of 76.0%[30]. - The net profit for the environmental and cleaning business in Hong Kong for the three months ended September 30, 2023, was approximately HK$2.1 million, down from approximately HK$3.5 million for the same period in 2022, excluding one-off subsidies[81]. - The decrease in net profit is attributed to rising manpower service costs and a decline in prices from some customers upon contract renewals[81]. - The Group recognized an impairment loss of approximately HK$54.1 million on past due loans and interest receivables due to borrowers' financial difficulties[86]. - Interest income from the money lending business decreased to approximately HK$0.5 million for the three months ended September 30, 2023, down from approximately HK$2.3 million in 2022, mainly due to a decrease in average loan balances and interest rates[109][112]. Taxation and Dividends - The subsidiaries incorporated in the PRC are subject to a 25% Enterprise Income Tax rate for the three months ended September 30, 2023, unchanged from 2022[49]. - The Group is not subject to any income tax in the Cayman Islands and the British Virgin Islands[44][48]. - The Board does not recommend the payment of any dividend for the three months ended September 30, 2023[111][114]. Corporate Governance - The Company has complied with the Corporate Governance Code and GEM Listing Rules for the three months ended September 30, 2023, with some deviations noted[136]. - The roles of chairman and chief executive officer are currently held by the same individual, Mr. Yu Shaoheng, which deviates from Code provision A.2.1[138]. - The Company has adopted a code of conduct regarding securities transactions by Directors, with no reported noncompliance during the reporting period[128]. - There are no competing interests among Directors or controlling shareholders during the reporting period[129]. Future Outlook and Strategies - The Group plans to strengthen marketing efforts to expand market share in commercial and residential sectors and explore new environmental and cleaning services to enhance service offerings[99]. - A cautious and prudent approach will continue to guide the Group's money lending strategies, with a focus on borrowers with sound financial abilities[103][106]. - The management has refined marketing strategies in Shanghai to attract new customers and reduce unnecessary expenditures through efficient workflows and stringent cost control[102][105].

Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 香港交易及結算所有限公司以及聯交所對本公 告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不會就本公告全 部或任何部分內容而產生或因倚賴該等內容而 引致之任何損失承擔任何責任。 PPS INTERNATIONAL (HOLDINGS) LIMITED 寶聯控股有限公司 (Incorporated in th ...

Financial Performance - The revenue from environmental and cleaning services in Hong Kong increased by approximately HK$36.0 million to approximately HK$372.9 million for the year ended 30 June 2023, compared to approximately HK$336.9 million for the year ended 30 June 2022[22]. - The Group's financial performance reflects a positive trend in revenue growth, indicating effective management and service delivery strategies[22]. - For the year ended June 30, 2023, the Group reported total revenue of approximately HK$395.4 million, representing an increase of approximately 6.8% compared to HK$370.3 million in 2022[101]. - The Group experienced a decrease in revenue contribution of approximately HK$5.4 million from Shanghai Operations due to lost cleaning service contracts[101]. - The commercial sector contributed HK$140.8 million (37.8% of total revenue) in 2023, up from HK$136.8 million (40.6%) in 2022, while the residential sector remained stable at HK$131.3 million (35.2%) in 2023[25]. - Revenue from the hospitality sector increased to HK$17.1 million (4.6%) in 2023 from HK$15.3 million (4.5%) in 2022, reflecting a slight recovery in the industry[29]. - Transportation sector revenue rose significantly to HK$65.4 million (17.5%) in 2023 from HK$34.3 million (10.2%) in 2022, driven by increased service requests[30]. - The net profit for the environmental and cleaning business in Hong Kong was HK$8.0 million for the year ended June 30, 2023, down from HK$8.3 million in 2022, primarily due to rising manpower costs and declining service prices[33]. Money Lending Business - The Group conducts its money lending business in Hong Kong and the PRC under the relevant licenses[16]. - The money lending business aims to increase capital returns and generate revenue, targeting both individual and corporate customers in Hong Kong and the PRC[41]. - The Group adopts a cautious approach in its money lending strategies, ensuring only borrowers with sound financial capabilities are considered for loans[48]. - As of June 30, 2023, the Group has 7 outstanding loans with a total principal amount of approximately HK$88.2 million, including HK$38.5 million to 2 corporate borrowers in Hong Kong, HK$28.5 million to 2 individual borrowers in Hong Kong, and HK$21.2 million to 3 individual borrowers in the PRC[53][55]. - The Group employs a rigorous credit risk assessment process, including a "know-your-client" procedure, anti-money laundering risk assessment, and evaluation of borrowers' financial capabilities based on their asset portfolios and credit histories[50][51]. - The Group closely monitors loan repayments, with immediate reporting to management for any delays, and takes necessary actions based on the borrowers' financial conditions and market circumstances[51][52]. - The Group's average gross loan balance decreased from approximately HK$104.2 million as of June 30, 2022, to approximately HK$88.2 million as of June 30, 2023, primarily due to repayments from borrowers in Hong Kong and few new loans granted during the year[71]. - The interest income from the money lending business for the year ended June 30, 2023, was approximately HK$4.4 million, a decline from approximately HK$9.9 million in 2022, while the operating loss was approximately HK$1.7 million compared to a net operating profit of approximately HK$5.2 million in 2022[78][81]. - The expected credit losses (ECL) allowances increased to HK$51.2 million as of June 30, 2023, from HK$46.2 million in 2022, with stage 3 loans remaining at HK$44.2 million[78]. Operational Challenges - Shanghai operations recorded a revenue decrease of approximately HK$5.4 million to HK$18.1 million in 2023, with a net loss of HK$0.6 million compared to a net profit of HK$0.5 million in 2022, attributed to fierce competition and city-wide lockdown impacts[40]. - The prolonged social unrest in Hong Kong, Sino-US trade tensions, and the COVID-19 pandemic have severely impacted borrowers' financial conditions, leading to defaults on loan repayments[66]. - High turnover rates in the operation team could negatively impact service quality and financial results due to difficulties in recruiting and retaining sufficient workforce[181]. - Adverse changes in macroeconomic conditions, such as fluctuations in GDP and property prices in Hong Kong and the PRC, may affect market demands and customer repayment abilities, impacting the Group's revenue and liquidity[188]. Environmental and Cleaning Services - The Group is engaged in various environmental services, including public area cleaning, overnight kitchen cleaning, pest control, waste management, and housekeeping services[15]. - The Company aims to expand its market presence in both Hong Kong and the PRC through its diverse service offerings in environmental and cleaning services[15]. - The Group provides secure and confidential waste destruction services for commercial clients, enhancing its service portfolio[15]. - The Group's waste management solutions include the collection, transportation, and disposal of household, construction, and trade waste[15]. - The Group emphasizes quality control and has obtained ISO 9001 and ISO 14001 certifications, aiming to deliver professional services and achieve customer satisfaction[171]. Financial Position and Assets - As of June 30, 2023, the Group had cash and cash equivalents of approximately HK$90.3 million, up from approximately HK$74.5 million in 2022[114]. - The Group's net current assets were approximately HK$141.9 million as of June 30, 2023, compared to approximately HK$147.2 million in 2022, with a current ratio of approximately 2.7 times[115]. - The total interest-bearing borrowings amounted to approximately HK$22.5 million, resulting in a gearing ratio of 11.10% as of June 30, 2023[117]. - The Group's properties had carrying values of approximately HK$54.4 million, a decrease from approximately HK$58.3 million in 2022[123]. - The Group's total outstanding balances as of June 30, 2023, were HK$88,242,000 with an ECL allowance of HK$51,211,000, leading to a net outstanding balance of HK$37,031,000[72]. Employee and Operational Management - The Group is committed to enhancing employee loyalty and providing a safe and healthy working environment, emphasizing labor diversity and equal opportunities[178]. - Professional training and self-development sponsorships are provided to employees to support their continuous development[178]. - The Group maintains open communication with employees to foster a good and long-lasting relationship[178]. - The Group's selling, marketing, and administrative expenses rose by approximately HK$0.6 million to approximately HK$24.8 million for the year ended June 30, 2023[107]. Risk Management and Compliance - The Group has adopted relevant operation policies to ensure compliance with laws and regulations, including the GEM Listing Rules and the Employees' Compensation Ordinance, to mitigate risks of penalties or license revocation[191]. - The Group has established internal reporting procedures for suspected misconduct or fraud, ensuring compliance with relevant laws and regulations[188]. - The Group is exposed to litigation claims, including employee compensation claims, which may adversely affect its financial conditions and results of operations[181]. Future Prospects and Strategy - The Group's management is focusing on strengthening marketing efforts to expand market share in commercial and residential sectors amid challenging economic conditions[93]. - A cautious approach in investment strategies will be maintained, focusing on companies listed on the Stock Exchange with valuable prospects[96]. - The Group is considering applying for winding-up of the borrowers and guarantors as part of its recovery strategy[68].

Hong Kong Exchanges and Clearing Limited and The Stock Exchange 香港交易及結算所有限公司以及香港聯合交易 of Hong Kong Limited take no responsibility for the contents of 所有限公司對本公告之內容概不負責，對其準 this announcement, make no representation as to its accuracy or 確性或完整性亦不發表任何聲明，並明確表示 completeness and expressly disclaim any liability whatsoever for any loss 概不會就本公告全部或任何部分內容而產生或 howsoever arising from or in reliance upon the whole or any part of the 因倚賴該等內容而引致之任何損失承擔任何責 contents of this announcement. 任。 PPS INTERNATIONAL (HOLDINGS) LIMITE ...

Financial Performance - For the nine months ended March 31, 2023, the Group reported revenue of HK$292,578,000, a 4.3% increase from HK$280,974,000 in the same period of 2022[10] - Gross profit for the nine months was HK$21,569,000, down 20.7% from HK$27,152,000 in the previous year[10] - Profit before taxation for the nine months decreased to HK$3,038,000, a decline of 80% compared to HK$15,177,000 in the same period of 2022[10] - The Group's profit for the period attributable to owners was HK$2,409,000, down 83.1% from HK$14,250,000 in the previous year[11] - Basic and diluted earnings per share for the nine months were HK$0.45, compared to HK$2.64 in the same period of 2022[11] - For the three months ended March 31, 2023, revenue was HK$100,431,000, an increase of 5.4% from HK$94,815,000 in the same period of 2022[10] - The Group's profit for the three months was a loss of HK$91,000, compared to a profit of HK$3,785,000 in the same period of 2022[11] - The Group reported total comprehensive income for the nine months of HK$1,803,000, down from HK$14,977,000 in the same period of 2022[11] Revenue Sources - The Group's revenue from Environmental and Cleaning services for the nine months ended March 31, 2023, was HK$288,680,000, an increase from HK$271,529,000 in the same period of 2022, representing a growth of approximately 6.2%[27] - Interest income from Money Lending decreased to HK$3,898,000 for the nine months ended March 31, 2023, down from HK$9,445,000 in the previous year, reflecting a decline of approximately 58.8%[27] - The Group's revenue from other sources, including interest income from Money Lending, was HK$292,578,000 for the nine months ended March 31, 2023, compared to HK$280,974,000 in the previous year, indicating a growth of about 4.1%[27] Expenses and Costs - Administrative expenses increased to HK$16,821,000 for the nine months, up from HK$13,843,000 in the previous year, reflecting a 21.5% rise[10] - Total staff costs, including directors' emoluments, amounted to HK$152,237,000 for the nine months ended 31 March 2023, slightly down from HK$152,356,000 in the previous year[35] - Selling, marketing, and administrative expenses increased by approximately HK$3.0 million to approximately HK$18.8 million for the nine months ended March 31, 2023, compared to approximately HK$15.8 million in 2022[110] - The cost of consumable goods increased to HK$6,036,000 for the nine months ended 31 March 2023, up from HK$5,096,000 in the previous year, representing an increase of approximately 18.4%[35] Taxation and Dividends - The current tax provision for the nine months ended 31 March 2023 was HK$832,000, compared to HK$868,000 for the same period in 2022, indicating a decrease of approximately 4.1%[36] - The income tax expenses for the nine months ended 31 March 2023 totaled HK$905,000, compared to HK$540,000 for the same period in 2022, indicating an increase of approximately 67.5%[36] - The company did not recommend any dividend for the nine months ended 31 March 2023, consistent with the previous year where no dividend was declared[42] Investments and Financial Assets - The Group's net unrealised gain on financial assets at fair value was HK$166,000 for the nine months ended March 31, 2023, compared to no gain in the previous year[30] - The Group's investment strategy remains cautious, focusing on companies listed on the Stock Exchange with valuable prospects for future investments[104] - As of March 31, 2023, the Group's investments in financial assets at fair value through profit or loss amounted to approximately HK$430,270, a significant increase from HK$34,000 as of March 31, 2022[91] Operational Challenges - The labor market competition in Hong Kong has intensified, leading to higher labor turnover rates in the environmental and cleaning services industry[95] - The Shanghai Operations are experiencing difficulties in operations and bidding processes due to intense labor supply and fierce competition in pricing[99] - The money lending business recognized an impairment loss of approximately HK$46.0 million on overdue loans and interest receivables as of 31 March 2023, due to borrowers facing financial difficulties amid economic challenges[79][81] Corporate Governance - The Company has complied with the Corporate Governance Code and GEM Listing Rules for the nine months ended March 31, 2023, with some deviations noted[143] - The audit committee consists of three members, including Mr. Kwan Tze Cheng as the chairman, and has reviewed the financial and accounting policies, internal controls, risk management, and financial reporting for the nine months ending March 31, 2023[149] - The roles of chairman and chief executive officer are held by Mr. Yu Shaoheng, which is a deviation from the Code provision A.2.1[145]

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 香港交易及結算所有限公司以及香港聯合交易 所有限公司對本公告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示 概不會就本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責 PPS INTERNATIONAL (HOLDINGS) LIMITED 寶 ...

Financial Performance - Revenue for the six months ended December 31, 2022, was HK$192,147,000, representing an increase of 3.2% compared to HK$186,159,000 for the same period in 2021[14] - Gross profit for the same period was HK$15,710,000, a decrease of 13.6% from HK$18,197,000 in the previous year[14] - Profit before taxation decreased to HK$2,519,000, down 78.6% from HK$11,793,000 in the prior year[14] - Profit for the period was HK$2,224,000, a decline of 79.5% compared to HK$10,852,000 for the same period in 2021[14] - Total comprehensive income for the period attributable to owners of the Company was HK$2.019 million, down 81.3% from HK$10.804 million in the previous year[16] - Basic and diluted earnings per share for the six months ended December 31, 2022, was 0.46 HK cents, compared to 1.96 HK cents for the same period in 2021, representing a decline of 76.5%[16] - The Company reported a total equity of HK$215.093 million as of December 31, 2022, compared to HK$213.338 million as of June 30, 2022[20] - The Group's profit attributable to owners for the six months ended December 31, 2022, was HK$2,488,000, a decrease of 76.5% from HK$10,560,000 in the same period of 2021[94] Expenses and Costs - Administrative expenses increased to HK$12,131,000, up 36.8% from HK$8,887,000 in the previous year[14] - Selling and marketing expenses remained relatively stable at HK$1,349,000, a slight decrease from HK$1,376,000 in the prior year[14] - Other income decreased significantly to HK$581,000 from HK$4,536,000 in the previous year, indicating a decline of 87.2%[14] - Finance costs decreased to HK$292,000, down 56.9% from HK$677,000 in the previous year[14] - Staff costs, including directors' emoluments, amounted to HK$100,200,000 for the six months ended December 31, 2022, slightly down from HK$102,226,000 in the same period of 2021[82] - Selling, marketing, and administrative expenses rose by approximately HK$3.2 million to about HK$13.5 million, up from HK$10.3 million in 2021[198] - The increase in expenses was attributed to higher staff costs, rental expenses, entertainment, advertising, promotion, travel, and general office expenses[198] Cash Flow and Assets - As of December 31, 2022, total assets less current liabilities amounted to HK$216.014 million, an increase from HK$214.361 million as of June 30, 2022[19] - Current assets as of December 31, 2022, were HK$229.682 million, slightly up from HK$224.602 million as of June 30, 2022[19] - Net current assets increased to HK$152.717 million as of December 31, 2022, compared to HK$147.195 million as of June 30, 2022[19] - Cash and cash equivalents increased to HK$81.316 million as of December 31, 2022, compared to HK$74.780 million as of June 30, 2022, indicating a growth of 8.4%[19] - The total cash and cash equivalents at the end of the period increased to HK$81,316,000, up from HK$68,557,000, marking a growth of 18.8%[41] Segment Performance - Revenue from Environmental and Cleaning services for the six months ended December 31, 2022, was HK$187,797,000, an increase from HK$179,812,000 in the same period of 2021, representing a growth of approximately 10.99%[64] - Money Lending revenue for the six months ended December 31, 2022, was HK$4,350,000, down from HK$6,347,000 in the same period of 2021, indicating a decline of approximately 31.43%[64] - Reportable segment profit for Environmental and Cleaning services was HK$4,239,000 for the six months ended December 31, 2022, down from HK$5,056,000 in the same period of 2021, a decrease of approximately 16.19%[68] - The net operating profit from the money lending business was approximately HK$2.2 million for the six months ended December 31, 2022, compared to approximately HK$4.6 million in 2021, reflecting the decline in interest income[174] Market and Operational Outlook - The company is focusing on improving operational efficiency and cost management in response to the declining profit margins[14] - Future outlook includes potential market expansion and the introduction of new products to drive revenue growth[14] - The Group will continue to monitor the impact of the COVID-19 pandemic on its operations and financial position[151] - The Group's money lending strategy will focus on borrowers with sound financial abilities to reduce exposure to high-risk loans[191] - The Group plans to enhance service quality by providing training to frontline staff to cope with the changing environment[185] Regulatory and Compliance - The current Hong Kong Profits Tax provision is calculated at a rate of 8.25% for the first HK$2,000,000 of estimated assessable profits, with the remaining profits taxed at 16.5%[84] - The PRC Enterprise Income Tax is calculated at 25% of the estimated assessable profits of PRC subsidiaries[86] - The Group has maintained a share capital of HK$5,400,000 and a share premium of HK$198,524,000, indicating a stable capital structure[26] Shareholder Information - No dividends were recommended for the six months ended December 31, 2022, consistent with the previous year where no dividends were declared[90] - The share capital as of December 31, 2022, included 540,000,000 ordinary shares issued and fully paid, amounting to HK$5,400,000[128] - The Group has not granted any share options under the Share Option Scheme during the six months ended December 31, 2022[143]