Company Overview - 名仕快相集团控股有限公司 is a leading operator of self-service identity photo digital cameras in Hong Kong and Guangdong, operating under the brands "Max Sight Photo" and "名仕富美" [2] - The company also diversifies its business by providing medical services through its medical centers in Hong Kong, aiming to expand revenue sources [2] Business Operations - The photography service aims to provide high-quality photo services with a "no-conditions guarantee," allowing customers to retake photos until satisfied or receive a full refund [2] - The target customers are the general public, with strategically located photo booths in high-traffic areas such as government offices, railways, airports, universities, hospitals, and shopping centers [2] - The medical services sector is expected to see stable growth due to increasing public health awareness, offering various health services including check-up plans, vaccination services, outreach doctor services, and health products [2] Financial Performance - As of December 31, 2024, the company reported total revenue of 61.3464 million yuan, a year-on-year decrease of 17.42%, and a net profit attributable to shareholders of -0.3695 million yuan, a decrease of 105.21% [1] - The gross profit margin stands at 30.61%, with a debt-to-asset ratio of 47.25% [1] Market Position - The company's price-to-earnings ratio is -320.8, ranking 56th in the industry, while the average price-to-earnings ratio for the support services industry is 3.55 [1] - Other companies in the education and training sector have price-to-earnings ratios ranging from 1.35 to 2.3 [1] Future Plans - The company aims to strengthen its core business and continue exploring new market opportunities for sustainable growth and increased shareholder value [2]

Revenue Performance - The group's revenue for the year ending December 31, 2024, is approximately HKD 66,246,000, a decrease of about HKD 13,972,000 from approximately HKD 80,218,000 for the year ending December 31, 2023, representing a decline of approximately 17.4%[6] - Revenue from the photography services business decreased by approximately 33.2% to about HKD 43,415,000 for the year ending December 31, 2024, compared to HKD 65,039,000 for the year ending December 31, 2023[6] - Revenue from the medical services business increased by approximately 50.4% to about HKD 22,831,000 for the year ending December 31, 2024, up from HKD 15,179,000 for the year ending December 31, 2023[6] - The company's total revenue for the year ending December 31, 2024, was HKD 66,246,000, compared to HKD 80,218,000 for the previous year, representing a decrease of approximately 17.4%[10] - The group's revenue from photography services in Hong Kong for the year 2024 was HKD 42,498,000, while in 2023 it was HKD 63,830,000, indicating a decrease of approximately 33.4%[20] - The medical services revenue in Hong Kong for 2024 was HKD 22,831,000, compared to HKD 15,179,000 in 2023, reflecting an increase of about 50.0%[20] Profitability and Losses - The company's reported a loss attributable to owners of approximately HKD 399,000 for the year ending December 31, 2024, an increase of about HKD 8,057,000 from a profit of approximately HKD 7,658,000 for the year ending December 31, 2023[7] - The net profit attributable to the company's shareholders was HKD (399,000), a substantial decrease from HKD 7,658,000, marking a decline of around 105.2%[10] - The group reported a total comprehensive income of HKD 718,000 for the year, down from HKD 8,231,000, which is a decrease of approximately 91.3%[10] - The basic and diluted earnings per share were HKD (0.05), compared to HKD 0.96 in the previous year, indicating a significant decline[10] - The group reported a loss attributable to equity shareholders of approximately HKD 399 million for the year, compared to a profit of HKD 7,658 million in the previous year[36] Expenses and Costs - The company's incurred administrative expenses of HKD 19,219,000, an increase from HKD 18,273,000, reflecting a rise of about 5.2%[10] - The group’s total service costs decreased from approximately HKD 53,313,000 for the year ended December 31, 2023, to approximately HKD 45,969,000 for the year ending December 31, 2024, a reduction of about HKD 7,344,000[58] - The group recorded a cost of goods sold of HKD 4,219,000, which increased from HKD 3,515,000 in the previous year[34] - The group’s total employee benefits expenses increased to HKD 17,180,000 in 2024 from HKD 16,159,000 in 2023[30] - The group’s depreciation expense for property, plant, and equipment was HKD 9,938,000, slightly decreasing from HKD 9,864,000 in the previous year[34] Assets and Liabilities - Total non-current assets increased from HKD 19,032,000 to HKD 23,175,000, representing a growth of approximately 21.3% year-over-year[11] - Current assets rose from HKD 26,778,000 to HKD 31,265,000, marking an increase of about 16.5% compared to the previous year[11] - Total liabilities decreased from HKD 13,149,000 to HKD 16,020,000, indicating a reduction of approximately 18.0% year-over-year[11] - Net current assets improved from HKD 13,629,000 to HKD 15,245,000, reflecting a growth of around 11.8%[11] - The total assets of the group as of December 31, 2024, amounted to HKD 45,810,000, down from HKD 54,440,000 in 2023, indicating a reduction of about 15.9%[21] Dividends - The board does not recommend the declaration of an interim dividend for the year ending December 31, 2024, nor a final dividend for the same period[8] - The group declared an interim dividend of HKD 0.375 per share and a special dividend of HKD 0.5625 per share for the year[35] - The board recommended a special dividend of HKD 0.005625 per share, totaling HKD 4,500,000, which was approved by shareholders[87] - The interim dividend for the six months ended June 30, 2023, was HKD 0.00375 per share, amounting to HKD 3,000,000, approved by shareholders[88] Future Outlook and Strategy - The company anticipates a significant demand for its photography services in Hong Kong due to the recovery of social and economic activities in mainland China and the introduction of new travel permits[49] - The company plans to reallocate resources to enhance its self-service identity photo kiosks, focusing on upgrading equipment and marketing efforts[50] - The company is exploring various potential projects in its photography services business, aiming for diversified development through increased investment in information technology infrastructure[51] - The company is actively seeking to recruit suitable practitioners and expand its medical services business in Hong Kong, aligning with the government's healthcare strategy[53] - The company believes that the demand for medical and health services in Hong Kong will continue to grow, driven by increased public health awareness post-pandemic[53] Compliance and Governance - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and comply with the GEM listing rules[14] - The company has adopted corporate governance standards in compliance with GEM listing rules[92] - The company has confirmed compliance with trading standards for directors as of December 31, 2024[93] - The audit committee, along with management and external auditors, has reviewed the accounting principles and policies adopted by the group for the year ending December 31, 2024[100] Financial Position and Liquidity - The group maintains a robust financial position primarily funded through operating cash flow[70] - The company has established an adequate liquidity risk management framework to manage short-term, medium-term, and long-term funding needs[72] - The group continues to monitor financial liabilities to align with available financial resources[72] - The company has no bank loans as of December 31, 2024, compared to a bank loan of HKD 1,000,000 as of December 31, 2023[70] - The total amount of unutilized net proceeds is HKD 31,852,000, with specific allocations for various business developments and general operating funds[75] Challenges and Risks - The company has faced challenges in expanding its self-service identity verification photo machine network in Guangdong Province due to the introduction of an online application system[76] - The board believes a more cautious approach should be taken in executing the expansion plans in mainland China[77] - The company has not entered into any agreements or purchased instruments to hedge against currency risks, primarily facing foreign exchange risk from cash and bank balances held in USD[80] Miscellaneous - The annual general meeting is scheduled for June 20, 2025[90] - There were no purchases, sales, or redemptions of the company's listed securities during the year ended December 31, 2024[95] - The group’s auditor confirmed that the financial figures in the preliminary announcement are consistent with the draft consolidated financial statements[98] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website, including all information required by GEM listing rules for the 2024 annual report[101]

Revenue Performance - The group's revenue for the six months ended June 30, 2024, decreased by approximately HKD 4,903,000 to about HKD 34,574,000, compared to HKD 39,477,000 for the same period in 2023[12]. - Revenue from the photography services segment decreased by approximately 29.50% to about HKD 23,441,000, down from HKD 33,249,000 in the previous year[12]. - Revenue from the medical services segment increased by approximately 78.76% to about HKD 11,133,000, compared to HKD 6,228,000 for the same period in 2023[12]. - Total revenue for the six months ended June 30, 2024, was HKD 34,574,000, a decrease of 12% from HKD 39,477,000 in the same period of 2023[37]. - Photography service revenue was HKD 23,441,000, down 29% from HKD 33,249,000 year-on-year[37]. - Medical service revenue increased significantly to HKD 11,133,000, up 79% from HKD 6,228,000 in the previous year[37]. - For the six months ended June 30, 2024, the total revenue from external customers was HKD 34,574,000, a decrease of 12.1% compared to HKD 39,477,000 for the same period in 2023[44]. - The group reported a total of HKD 1,935,000 in non-current assets for deposits related to utilities as of June 30, 2024, down from HKD 2,255,000 in December 2023[62]. Profitability and Loss - The group's gross profit for the six months ended June 30, 2024, was approximately HKD 10,839,000, with a gross profit margin of about 31.35%, compared to HKD 13,056,000 and 33.07% in the previous year[12]. - The loss attributable to equity shareholders for the six months ended June 30, 2024, was approximately HKD 199,000, compared to a profit of HKD 3,708,000 for the same period in 2023[12]. - Operating profit for the six months ended June 30, 2024, was HKD 739,000, down from HKD 3,956,000 in the previous year[15]. - The profit before tax for the six months ended June 30, 2024, was HKD 392,000, compared to HKD 3,677,000 in the previous year[15]. - The company reported a net profit of HKD 252,000 for the period, down from HKD 3,733,000 in the previous year[15]. - Total comprehensive income for the six months ended June 30, 2024, was HKD 434,000, compared to HKD 4,084,000 for the same period in 2023, representing a decrease of approximately 89.4%[17]. - Basic and diluted earnings per share for the period were (0.02) HKD, down from 0.46 HKD in the previous year[17]. - The company reported a basic loss attributable to equity shareholders of approximately HKD 199,000 for the six months ended June 30, 2024, compared to a profit of approximately HKD 3,708,000 for the same period in 2023[56]. Cash Flow and Assets - Cash and bank balances increased from HKD 20,669,000 to HKD 24,919,000, an increase of about 20.9%[19]. - Operating cash flow for the six months ended June 30, 2024, was HKD 6,292,000, slightly down from HKD 6,496,000 in the same period last year[24]. - The company reported a net cash inflow of HKD 4,061,000 for the six months ended June 30, 2024, compared to HKD 3,349,000 in the same period of 2023[26]. - Cash and cash equivalents at the end of the period were HKD 24,919,000, up from HKD 20,333,000 at the end of June 2023, reflecting a net increase of HKD 4,061,000[26]. - The company recorded a decrease in trade receivables from HKD 2,854,000 to HKD 2,160,000, a reduction of approximately 24.3%[19]. - Current assets decreased from HKD 31,265,000 to HKD 30,200,000, a reduction of approximately 3.4%[19]. - Non-current assets decreased from HKD 23,175,000 as of December 31, 2023, to HKD 19,753,000 as of June 30, 2024, a decline of about 14.5%[19]. - The company has stored all unutilized net proceeds in licensed banks in Hong Kong as of the date of the mid-term report[127]. Liabilities and Equity - The company’s total liabilities increased from HKD 16,020,000 to HKD 17,222,000, an increase of about 7.5%[19]. - The total equity of the group was approximately HKD 23,879,000 as of June 30, 2024, down from HKD 26,798,000 as of June 30, 2023[93]. - The debt-to-asset ratio increased to 52.20% as of June 30, 2024, from 49.52% as of June 30, 2023[93]. - The company had no outstanding bank loans as of June 30, 2024, compared to HKD 2,000,000 on June 30, 2023[93]. Operational Developments - The company operates primarily in two segments: photography services in Hong Kong and mainland China, and medical services in Hong Kong[39]. - The group is reallocating resources to develop its medical services business, including purchasing equipment and upgrading IT infrastructure to enhance service quality and reliability[77]. - A new clinic was established in Kowloon and began operations in January 2024, contributing to the increase in medical services revenue[77]. - The group is exploring various potential projects related to its photography services business, aiming to diversify its business model and enhance its core operations[79]. - The group plans to continue evaluating the profitability of its photo booths and adjust their locations accordingly to optimize revenue generation[79]. - The company has actively sought to recruit suitable medical professionals and related equipment to further expand its medical services business[127]. Dividends and Shareholder Information - The company does not recommend the distribution of any interim dividend for the six months ended June 30, 2024[12]. - The company did not declare any interim dividend for the six months ended June 30, 2024, while a special dividend of HKD 4,500,000 was approved for the year ended December 31, 2023[54]. - As of June 30, 2024, Causeway Treasure holds 427,600,560 shares, representing approximately 53.45% of the company's equity[114]. - Both Mr. Chan Wing Chai and Mr. Chan Tin Ki own about 47.25% of Causeway Treasure, while Ms. Au Yeung Ying Ho holds approximately 5.5%[115]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the six months ending June 30, 2024[122]. - The company has established an audit committee in compliance with GEM listing rules to oversee financial reporting and risk management[122]. - There are no known interests or holdings in competing businesses by directors or major shareholders as of June 30, 2024[121]. - The company has not adopted any new accounting standards that would have a significant impact on its financial performance for the current period[34].

Revenue Performance - The group's revenue for the six months ended June 30, 2024, was approximately HKD 34,574,000, a decrease of about HKD 4,903,000 from HKD 39,477,000 for the same period in 2023, representing a decline of approximately 12.42%[3] - Revenue from the photography services segment decreased by approximately 29.50% to about HKD 23,441,000, down from HKD 33,249,000 in the previous year[3] - Revenue from the medical services segment increased by approximately 78.76% to about HKD 11,133,000, compared to HKD 6,228,000 for the same period in 2023[3] - Photography services revenue was HKD 23,441,000, down from HKD 33,249,000, while medical service revenue increased to HKD 11,133,000 from HKD 6,228,000[14] Profitability and Loss - The group's gross profit for the six months ended June 30, 2024, was approximately HKD 10,839,000, with a gross profit margin of about 31.35%, compared to HKD 13,056,000 and a margin of 33.07% in 2023[3] - The loss attributable to equity shareholders for the six months ended June 30, 2024, was approximately HKD 199,000, compared to a profit of HKD 3,708,000 for the same period in 2023[3] - The company reported a basic and diluted loss per share of HKD (0.02) for the six months ended June 30, 2024, compared to earnings of HKD 0.46 in 2023[5] - The company reported a net loss of HKD 199,000 for the period, compared to a loss of HKD 3,708,000 in the previous period[8] Comprehensive Income - Total comprehensive income for the six months ended June 30, 2024, was approximately HKD 434,000, significantly lower than HKD 4,084,000 for the same period in 2023[5] - The total comprehensive income for the period was HKD 434,000, compared to HKD 4,084,000 in the previous period, reflecting a significant decrease[8] Expenses and Costs - The administrative expenses for the six months ended June 30, 2024, were approximately HKD 10,188,000, compared to HKD 9,331,000 in 2023[4] - Total corporate and administrative expenses amounted to HKD 6,970,000, leading to a pre-tax profit of HKD 392,000 for the reporting period[16] - Total employee costs increased to 9,135,000 HKD for the six months ended June 30, 2024, up from 7,818,000 HKD in the same period of 2023, representing a rise of 16.8%[20] Assets and Liabilities - As of June 30, 2024, total non-current assets amounted to HKD 19,753,000, a decrease of 15.5% from HKD 23,175,000 as of December 31, 2023[6] - Current assets totaled HKD 30,200,000, slightly down from HKD 31,265,000, reflecting a decrease of 3.4%[6] - Total liabilities decreased to HKD 17,222,000 from HKD 16,020,000, indicating a rise of 7.5%[6] - The net asset value as of June 30, 2024, was HKD 12,978,000, down from HKD 15,245,000, a decline of 14.9%[6] - The company's total equity attributable to shareholders decreased to HKD 24,169,000 from HKD 28,686,000, a drop of 15.8%[7] Cash Flow - The net cash flow from operating activities for the first half of 2024 was HKD 6,292,000, down from HKD 6,496,000 in the previous year, reflecting a decrease of approximately 3.1%[9] - Cash and cash equivalents increased to HKD 24,919,000 at the end of June 2024, up from HKD 20,333,000 at the end of June 2023, representing a growth of approximately 22.5%[10] - The company reported a net cash used in financing activities of HKD 6,064,000 for the first half of 2024, compared to HKD 2,927,000 in the same period last year, indicating increased financing costs[10] Shareholder Information - The company did not recommend the payment of any interim dividend for the six months ended June 30, 2024[3] - The company declared a special dividend of HKD 4,500,000, impacting the equity attributable to shareholders[8] - As of June 30, 2024, directors and senior management hold approximately 53.45% of the company's shares through Causeway Treasure, which owns 427,600,560 shares[65] - Major shareholders include Causeway Treasure with 53.45% ownership (427,600,560 shares) and ME Group International Plc. with 13.75% ownership (109,972,500 shares) as of June 30, 2024[68] Strategic Developments - The group continues to focus on expanding its medical services in Hong Kong and enhancing its photography services in both Hong Kong and mainland China[16] - The group is reallocating resources to develop the medical services business, including purchasing equipment and upgrading IT systems to enhance service quality and reliability[40] - The company plans to establish or acquire new clinics and medical-related businesses to further expand its medical services operations[40] - The introduction of the non-Chinese citizen permit is expected to increase demand for identification photos, contributing additional revenue to the photography services business[38] Governance and Compliance - The company has maintained a high level of corporate governance, adhering to all applicable rules of the GEM listing[60] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended June 30, 2024, and found them to comply with applicable accounting standards and regulations[74]

Financial Performance - For the fiscal year ending December 31, 2023, the company reported a revenue increase of 156.7% to approximately HKD 80,218,000[10] - The profit attributable to equity shareholders rose by 166.5% to approximately HKD 7,658,000 for the same period[10] - Revenue from the photography services business reached approximately HKD 65,039,000, reflecting a growth of about 178.4%[12] - The medical services business generated revenue of approximately HKD 15,179,000, marking an increase of approximately 92.4%[14] - The company's revenue increased from approximately HKD 31,253,000 for the year ended December 31, 2022, to approximately HKD 80,218,000 for the year ended December 31, 2023, representing an increase of about 156.5%[32] - Photography services revenue rose approximately 178.4% to about HKD 65,039,000 for the year ended December 31, 2023, compared to HKD 23,362,000 for the previous year[32] - Medical services revenue increased to approximately HKD 15,179,000 for the year ended December 31, 2023, up from HKD 7,891,000 for the year ended December 31, 2022, reflecting a growth driven by increased patient visits[32] - The company's gross profit improved to approximately HKD 26,905,000 for the year ended December 31, 2023, with a gross profit margin of about 33.54%, compared to HKD 5,078,000 and a margin of 16.25% for the previous year[34] - Other income decreased from approximately HKD 2,073,000 for the year ended December 31, 2022, to about HKD 584,000 for the year ended December 31, 2023, primarily due to a reduction in rental revision income[35] - The company's profit attributable to owners increased from a loss of approximately HKD 11,518,000 for the year ended December 31, 2022, to a profit of approximately HKD 7,658,000 for the year ended December 31, 2023, primarily due to increased revenue from the Hong Kong photography services business[42] Business Strategy and Expansion - The company plans to establish or acquire new clinics and related medical businesses to expand its medical services portfolio[14] - The company is exploring various potential projects to enhance its photography services, including upgrading self-service photo booths and introducing IT infrastructure[12] - The board believes that further development of the medical services business is crucial for the company's diversification strategy[14] - The company plans to strengthen its photography services and expand its customer base while reallocating resources to develop its medical services business in response to the growing demand for healthcare[19] - The company is actively seeking to recruit suitable practitioners and establish new medical centers in Hong Kong, aligning with the government's primary healthcare blueprint[28] - The company aims to enhance its existing core businesses and explore new business opportunities for sustainable growth and shareholder value creation[29] - The company has established new medical centers in Hong Kong and is actively seeking suitable practitioners and equipment to expand its medical services[54] Dividends and Shareholder Returns - A special dividend of HKD 0.005625 per share, totaling HKD 4,500,000, has been proposed, pending approval at the upcoming annual general meeting[17] - The company has proposed an interim dividend of HKD 0.00375 per share, totaling HKD 3,000,000, which was approved by shareholders[63] - A special dividend of HKD 0.005625 per share, totaling HKD 4,500,000, is proposed for the year ending December 31, 2023, pending shareholder approval[63] - The board considers various factors, including financial performance and capital expenditure needs, before declaring dividends[122] Financial Position and Ratios - Total equity increased to approximately HKD 27,945,000 as of December 31, 2023, from HKD 22,714,000 as of December 31, 2022[47] - Cash and cash equivalents amounted to approximately HKD 25,669,000 as of December 31, 2023, compared to HKD 21,699,000 as of December 31, 2022[47] - The current ratio and quick ratio were 1.95 and 1.87, respectively, as of December 31, 2023, compared to 1.92 and 1.87 as of December 31, 2022[47] - The company had bank loans of approximately HKD 1,000,000 as of December 31, 2023, unchanged from the previous year[47] - The company's total liabilities to total assets ratio was 48.7% as of December 31, 2023, down from 51.5% as of December 31, 2022[48] Risks and Compliance - The company faces currency risk primarily from cash and bank balances denominated in USD and RMB, with no hedging agreements currently in place[57] - The company relies on a professional team for its medical services, and any failure to attract or retain qualified professionals could adversely affect its financial performance[91] - The company emphasizes the importance of its reputation in the medical services sector, which could be negatively impacted by any negligence or legal issues, affecting its business and financial status[92] - The company has complied with all relevant laws and regulations, with no significant violations reported that could impact its operations[95] Corporate Governance - The company has adopted a corporate governance code in compliance with GEM Listing Rules and has adhered to all applicable provisions during the year[180] - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, complying with the GEM Listing Rules regarding board composition[187] - The board has adopted a diversity policy and aims to appoint a director of a different gender by December 31, 2024[191] - All independent non-executive directors have confirmed their independence according to GEM listing rules, ensuring effective governance[191] - The company provides necessary onboarding training for new directors to ensure understanding of operations and responsibilities[194] - The roles of the chairman and CEO are clearly separated, with distinct responsibilities assigned to each[195] Share Options and Ownership - The company aims to encourage contributions from qualified individuals through its share option plan, which was adopted on February 8, 2018[139] - The share option plan is designed to reward past contributions and retain experienced personnel within the group[139] - The maximum number of shares to be issued under the share option plan shall not exceed 10% of the total issued shares at any time[142] - The total number of shares to be issued due to the exercise of all options granted to any eligible person within any 12-month period shall not exceed 1% of the total issued shares[145] - The beneficial ownership of Causeway Treasure is divided among Chen Yongji (47.25%), Chen Tianqi (47.25%), and Ouyang Yinghe (5.5%) as of December 31, 2023[136] Stakeholder Relationships - The group maintains strong relationships with key stakeholders, including employees, customers, and suppliers, with no significant disputes reported as of December 31, 2023[98] - The group does not rely on any single customer for its photography and medical services, ensuring a diversified customer base[103] - The group regularly reviews employee benefits and complies with local labor laws, providing medical insurance and other benefits[98] Auditor and Compliance - The auditor, KPMG, resigned on November 7, 2023, and the board appointed another firm to fill the vacancy[176] - The independent non-executive directors have reviewed the continuing connected transactions and confirmed that they were conducted under fair and reasonable terms, aligning with the overall interests of shareholders[162] - The auditor has stated that there are no matters of concern regarding the continuing connected transactions, which were established in accordance with regulatory agreements[163]

Financial Performance - For the fiscal year ending December 31, 2023, the total revenue was HKD 80,218 thousand, a significant increase from HKD 31,253 thousand in the previous year, representing a growth of approximately 156%[3] - The operating profit for the year was HKD 9,090 thousand, compared to a loss of HKD 12,049 thousand in the previous year, indicating a turnaround in operational performance[3] - The net profit for the year was HKD 8,019 thousand, recovering from a loss of HKD 12,383 thousand in the previous year, showcasing a substantial improvement in profitability[3] - The basic and diluted earnings per share for the year were HKD 0.96, compared to a loss of HKD 1.44 in the previous year, reflecting a positive shift in earnings[10] - The company reported a total comprehensive income of HKD 8,231 thousand for the year, recovering from a loss of HKD 11,833 thousand in the previous year[10] - The group reported a pre-tax loss of HKD 12,503,000 for the year ended December 31, 2022, compared to a pre-tax profit of HKD 8,431,000 for the year ended December 31, 2023[30] - The company reported a basic earnings per share of 9.57 HKD for 2023, compared to a loss of 14.39 HKD in 2022, indicating a significant recovery in profitability[47] - The company reported a profit attributable to owners of the company of approximately HKD 7,658,000 for the year ending December 31, 2023, an increase of about HKD 19,176,000 from a loss of HKD 11,518,000 in the previous year, primarily due to increased revenue from photography services in Hong Kong[140] Revenue Breakdown - Total revenue for the year ended December 31, 2023, was HKD 80,218,000, with a breakdown of HKD 63,830,000 from photography services in Hong Kong, HKD 1,209,000 from services in mainland China, and HKD 15,179,000 from medical services in Hong Kong[132] - Photography services revenue increased by approximately 178.4% to about HKD 65,039,000 for the year ended December 31, 2023, compared to HKD 23,362,000 for the year ended December 31, 2022[69] - Medical services revenue was approximately HKD 15,179,000 for the year ended December 31, 2023, up from HKD 7,891,000 for the year ended December 31, 2022, due to an increase in patient visits[69] - The group's total revenue from external customers in Hong Kong was HKD 79,009,000, compared to HKD 30,313,000 in 2022[152] Cost and Expenses - The group reported a significant increase in cost of services to HKD 39,374,000 for the year ended December 31, 2023, compared to HKD 18,155,000 for the year ended December 31, 2022[45] - The group's service costs increased from approximately HKD 26,175,000 for the year ended December 31, 2022, to approximately HKD 53,313,000 for the year ended December 31, 2023, representing an increase of about 102%[70] - Administrative expenses increased from approximately HKD 16,596,000 for the year ended December 31, 2022, to approximately HKD 18,273,000 for the year ended December 31, 2023, an increase of about 10%[80] - The group incurred total employee benefit expenses of HKD 15,529,000 for the year ended December 31, 2023, up from HKD 12,078,000 in the previous year[36] Assets and Liabilities - The total assets of the company amounted to HKD 38,420 thousand, up from HKD 33,143 thousand in the previous year, reflecting growth in asset base[5] - The total equity of the group was approximately HKD 27,945,000, an increase from HKD 22,714,000 as of December 31, 2022, representing a growth of 22.3%[91] - The group's total assets as of December 31, 2023, amounted to HKD 54,440,000, compared to HKD 46,792,000 in the previous year[151] - The company’s non-current assets increased to 3,239,000 HKD in 2023 from 1,548,000 HKD in 2022, reflecting growth in long-term investments[52] Cash Flow and Liquidity - Cash and bank balances increased to HKD 20,669 thousand from HKD 16,699 thousand, indicating improved liquidity[5] - The group's cash and cash equivalents totaled approximately HKD 25,669,000 as of December 31, 2023, compared to HKD 21,699,000 as of December 31, 2022, reflecting a 18.5% increase[91] - The current ratio and quick ratio as of December 31, 2023, were 1.95 and 1.87, respectively, compared to 1.92 and 1.87 as of December 31, 2022, indicating stable liquidity management[91] - The group maintained a healthy financial position with bank loans of approximately HKD 1,000,000 as of December 31, 2023, consistent with the previous year[89] Dividends and Shareholder Returns - The group proposed a special dividend of HKD 0.5625 per share, totaling HKD 4,500,000, subject to shareholder approval[41] - The company declared an interim dividend of 0.375 HKD per share for 2023, compared to no dividend in 2022, signaling a return to shareholder rewards[46] - The board proposed a special dividend of HKD 0.005625 per share, subject to approval at the upcoming annual general meeting[140] Business Strategy and Future Plans - The company aims to expand its market presence and enhance its service offerings, focusing on both domestic and international markets[16] - The company is committed to ongoing research and development of new products and technologies to drive future growth[16] - The group is actively seeking to recruit suitable medical professionals and establish new medical centers in Hong Kong to expand its medical services business[66] - The group aims to diversify its business model by optimizing its operations through increased investment in information technology infrastructure[64] - The group recognizes significant expansion potential in the medical and healthcare services sector and intends to collaborate with the Hong Kong government and stakeholders to support a sustainable healthcare system[67] Risks and Compliance - The group faces currency risk primarily from cash and bank balances denominated in USD and RMB, with no hedging instruments currently in place[102] - The company has adhered to all applicable corporate governance code provisions as of December 31, 2023[118] - The company has maintained compliance with the GEM Listing Rules regarding director transactions as of December 31, 2023[121] Miscellaneous - The group successfully won a tender to provide automatic photography services for identity documents in Hong Kong, effective from March 1, 2023, for a period of 24 months[63] - The group plans to allocate resources to upgrade and maintain its automatic photography machines and enhance advertising and promotional activities[64] - The company operates primarily in providing photography services through self-service identity photo booths in Hong Kong and Guangdong Province, China, and has been offering medical services since October 2021[146]

Revenue Growth - The group's revenue increased from approximately HKD 20,154,000 for the nine months ended September 30, 2022, to approximately HKD 61,508,000 for the nine months ended September 30, 2023, representing an increase of about 205%[21]. - For the nine months ended September 30, 2023, the company's revenue was HKD 61,508,000, representing a significant increase from HKD 20,154,000 in the same period of 2022, which is a growth of approximately 205%[43]. - The group reported a total revenue of HKD 61,508,000 for the nine months ended September 30, 2023, compared to HKD 20,154,000 for the same period in 2022, representing a growth of 205%[72]. Photography Services - Photography service revenue surged approximately 236% to about HKD 51,615,000 for the nine months ended September 30, 2023, compared to HKD 15,360,000 for the same period in 2022[21]. - Photography service revenue in Hong Kong reached HKD 51,615,000, up from HKD 15,360,000 in the previous year, indicating a significant increase of 236%[72]. - The company has successfully tendered for a contract to provide automatic photography services for identity documents in Hong Kong, effective from March 1, 2023, for a duration of 24 months[107]. Medical Services - Medical services revenue reached approximately HKD 9,893,000 for the nine months ended September 30, 2023, marking an increase of about 106% from HKD 4,794,000 for the same period in 2022, primarily due to an increase in patient visits[21]. - Medical service revenue in Hong Kong was HKD 9,893,000, compared to HKD 4,794,000 in the prior year, reflecting a growth of 64%[72]. - The group is actively seeking opportunities to expand its medical services by establishing new medical centers in Hong Kong, with new lease agreements signed with independent third parties[59]. Profitability - The group's gross profit for the nine months ended September 30, 2023, was approximately HKD 20,776,000, with a gross profit margin of about 33.78%, compared to a gross profit of HKD 1,101,000 and a margin of 5.46% for the same period in 2022[21]. - The profit attributable to equity shareholders increased from a loss of approximately HKD 8,508,000 for the nine months ended September 30, 2022, to a profit of approximately HKD 6,694,000 for the same period in 2023[21]. - Operating profit for the nine months ended September 30, 2023, was HKD 7,332,000, a turnaround from an operating loss of HKD 8,909,000 in the previous year[43]. Comprehensive Income - The total comprehensive income for the nine months was HKD 7,196,000, a significant improvement from a total comprehensive loss of HKD 8,601,000 in the previous year[45]. - The group reported a total comprehensive income of HKD 7,196,000 for the nine months, compared to a loss of HKD 8,601,000 in the previous year[62]. Dividends and Utilization of Proceeds - The company does not recommend the declaration of any interim dividend for the nine months ended September 30, 2023[21]. - As of September 30, 2023, the company had unutilized net proceeds of approximately HKD 12,756,000, with expected full utilization by December 31, 2024[5]. - The company plans to upgrade its verification center and IT infrastructure with an allocation of HKD 2,000,000, expected to be fully utilized by December 31, 2024[5]. Expenses and Financial Management - Administrative expenses rose from approximately HKD 12,591,000 for the nine months ended September 30, 2022, to about HKD 13,715,000 for the same period in 2023, mainly due to increased employee costs and travel expenses[116]. - The group incurred a total corporate expenses of HKD 9,265,000 during the reporting period[57]. - The company maintains an appropriate level of cash and cash equivalents to manage liquidity risks effectively[167]. Future Plans and Investments - The company aims to establish or acquire new clinics and related medical services, with an allocation of HKD 2,000,000, also expected to be fully utilized by December 31, 2024[5]. - The company is exploring new business opportunities and optimizing its business model through increased investment in IT infrastructure[108]. - The company plans to reallocate unutilized funds from its expansion plans to develop its self-service identity photo digital camera business in Hong Kong and acquire new clinics and medical services[164]. Compliance and Governance - The company has maintained compliance with all applicable corporate governance codes as of September 30, 2023[37]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[191].

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 公告的內容概不負責，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倚賴該等內容而引 致的任何損失承擔任何責任。 本公告的資料乃遵守聯交所GEM證券上市規則（「GEM上市規則」）而刊載， 旨在提供有關名仕快相集團控股有限公司（「本公司」，連同其附屬公司為「本 集團」或「我們」）的資料；本公司董事（「董事」）願就本公告的資料共同及個 別地承擔全部責任。各董事於作出一切合理查詢後，確認就其所深知及 確信，本公告所載資料於各重大方面均屬準確完備，沒有誤導或欺詐成分， 且並無遺漏任何其他事項，足以令致本公告所載任何陳述或本公告產生 誤導。 Max Sight Photo (cid:8907)(cid:7571)(cid:11945)(cid:17846) Max Sight Group Holdings Limited 名 仕 快 相 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8483） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 第 三 季 度 業 績 ...

Revenue Growth - The company's revenue for the six months ended June 30, 2023, was HKD 39,477,000, a significant increase from HKD 11,455,000 in the same period of 2022, representing a growth of 244%[23] - Photography service revenue reached HKD 33,249,000, up from HKD 8,439,000, indicating a growth of 295% year-over-year[23] - Medical service revenue increased to HKD 6,228,000 from HKD 3,016,000, reflecting a growth of 106% compared to the previous year[23] - Revenue from external customers for the six months ended June 30, 2023, was HKD 39,477,000, a significant increase from HKD 11,455,000 in the same period of 2022, representing a growth of approximately 244%[35] - The group's revenue increased from approximately HKD 11,455,000 for the six months ended June 30, 2022, to approximately HKD 39,477,000 for the six months ended June 30, 2023, representing an increase of about 245%[190] - Photography services revenue surged by approximately 294% to about HKD 33,249,000, compared to HKD 8,439,000 for the same period in 2022[190] - Medical services revenue reached approximately HKD 6,228,000, up from HKD 3,016,000 in the previous year, following the launch of medical services in Hong Kong[190] Profitability - The company reported a profit before tax of HKD 3,677,000 for the six months ended June 30, 2023, compared to a loss of HKD 15,960,000 in the same period of 2022[31] - The total comprehensive income for the period was HKD 10,034,000, a turnaround from a loss of HKD 16,702,000 in the previous year[6] - The profit from the photography services segment in Hong Kong was HKD 10,789,000, while the medical services segment reported a loss of HKD 1,092,000[31] - The company's profit attributable to equity shareholders increased from a loss of approximately HKD 6,434,000 for the six months ended June 30, 2022, to a profit of approximately HKD 3,708,000 for the six months ended June 30, 2023, primarily due to increased revenue from the photography services business in Hong Kong[115] - The net profit for the period was approximately HKD 3,733,000, a significant turnaround from a loss of HKD 6,974,000 in the same period last year[198] Expenses and Costs - The total employee costs for the six months ended June 30, 2023, amounted to HKD 10,164,000, up from HKD 6,654,000 in the previous year, indicating a rise of about 53%[39] - Service costs increased from approximately HKD 11,952,000 to about HKD 26,421,000, primarily due to rising licensing fees and rent associated with the recovery of the photography service business in Hong Kong[84] - Administrative expenses rose from approximately HKD 8,245,000 for the six months ended June 30, 2022, to approximately HKD 9,331,000 for the six months ended June 30, 2023, an increase of about 13.2% attributed to higher employee costs, marketing expenses, and travel and entertainment expenses[112] - The company's financing costs for the six months ended June 30, 2023, were approximately HKD 279,000, compared to HKD 256,000 for the same period in 2022, indicating a rise of about 9%[113] Cash Flow and Liquidity - Operating cash flow before changes in working capital was HKD 8,551,000, compared to a negative cash flow of HKD 3,535,000 in the previous year[93] - The net cash increase for the period was HKD 3,349,000, contrasting with a decrease of HKD 8,533,000 in the same period last year[95] - The group maintained cash and cash equivalents of HKD 20,333,000 at the end of the period, down from HKD 22,471,000 a year earlier[95] - The group maintained a current ratio of 2.07 and a quick ratio of 2.00 as of June 30, 2023, compared to 2.03 and 1.98, respectively, as of June 30, 2022, showing stable liquidity[121] Investments and Future Plans - The company plans to continue expanding its photography and medical service offerings in both Hong Kong and mainland China[22] - The company plans to allocate unutilized proceeds towards the development of its self-service identity photo digital camera network in Hong Kong and Guangdong Province, as well as purchasing medical equipment and establishing new clinics[172] - The company is actively seeking opportunities to expand its medical services business, including recruiting suitable medical professionals and acquiring related equipment[172] - The company is reallocating resources to develop its medical services, including purchasing equipment and upgrading IT systems[80] Shareholder Information - The company proposed an interim dividend of HKD 0.00375 per share, totaling HKD 3,000,000, subject to shareholder approval[48] - The company plans to distribute an interim dividend of HKD 0.00375 per share, totaling HKD 3,000,000, subject to shareholder approval at a special general meeting[131] - Major shareholders include Causeway Treasure with 53.45%, ME Group International Plc. with 13.75%, and Zhang Silting with 7.80%[153] - The board consists of seven members, including three independent non-executive directors, ensuring proper maintenance of shareholder interests[157] Compliance and Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and has complied with all applicable provisions during the six months ended June 30, 2023[135] - The audit committee has reviewed the group's financial information for the six months ended June 30, 2023, and found it compliant with applicable accounting standards and GEM Listing Rules[160]

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 公告的內容概不負責，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倚賴該等內容而引 致的任何損失承擔任何責任。 本公告的資料乃遵守聯交所GEM證券上市規則（「GEM上市規則」）而刊載， 旨在提供有關名仕快相集團控股有限公司（「本公司」）（連同其附屬公司， 統稱「本集團」或「我們」）的資料；本公司董事（「董事」）願就本公告的資料 共同及個別地承擔全部責任。各董事於作出一切合理查詢後，確認就其 所深知及確信，本公告所載資料於各重大方面均屬準確完備，沒有誤導 或欺詐成分，且並無遺漏任何其他事項，足以令致本公告所載任何陳述 或本公告產生誤導。 Max Sight Photo (cid:8907)(cid:7571)(cid:11945)(cid:17846) Max Sight Group Holdings Limited 名 仕 快 相 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8483） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 ...