Group 1 - The company, Junma Semiconductor (08490), expects a loss attributable to shareholders of approximately HKD 30.4 million for the period ending June 30, 2025, compared to a profit of about HKD 2.2 million in the same period of 2024 [1] - The primary reasons for the shift from profit to loss include impairment losses on certain intangible assets and a decline in revenue and gross margin for the company's products during this period [1] - The impairment losses recognized during this period are attributed to intense competition and a general decrease in consumer demand in the first half of 2025, leading to underperformance of several products [1] Group 2 - The impairment is a non-cash expense and will not affect the overall operations of the company during this period [1] - The company's profit before interest, tax, depreciation, and amortization (EBITDA) for this period is approximately HKD 2.5 million, compared to about HKD 18.7 million for the period ending June 30, 2024 [1]

Group 1 - The company expects a loss attributable to shareholders of approximately HKD 30.4 million for the period ending June 30, 2025, compared to a profit of approximately HKD 2.2 million for the same period in 2024 [1] - The primary reasons for the shift from profit to loss include impairment losses on certain intangible assets and a decline in revenue and gross margin for the company's products during this period [1] - The impairment losses recognized during this period are attributed to intense competition and a general decrease in consumer demand in the first half of 2025, leading to underperformance of certain products [1] Group 2 - The impairment is a non-cash expense and will not affect the overall operations of the company during this period [1] - The company's profit before interest, tax, depreciation, and amortization (EBITDA) for this period is approximately HKD 2.5 million, compared to approximately HKD 18.7 million for the period ending June 30, 2024 [1]

駿碼半導體材料有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8490） 盈利警告 本公佈乃由駿碼半導體材料有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.10條及 香港法例第571章證券及期貨條例第XIVA 部的內幕消息條文（定義見GEM上市規則） 而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責， 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佈全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Niche-Tech Semiconductor Materials Limited 股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 駿碼半導體材料有限公司 執行主席兼執行董事 周博軒 香港，二零二五年八月十八日 於本公佈日期，執行董事為周博軒博士，周振基教授及石逸武先生，非執行董事 為李超凡先生及周馮慧蘭女士，及獨立非執行董事為吳宏偉教授、戴進傑先生及 潘禮賢先生。 本公司董事會（「董事會」）董事（「董事」）謹此知會本公司股東（「股東」）及潛在投 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 駿碼半導體材料有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08490 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股 ...

Impairment Loss - The company recognized an impairment loss of approximately HKD 20,026,000 for the fiscal year 2024, compared to no impairment loss in 2023[4] - The recoverable amount for the copper alloy bonding wire cash-generating unit was determined to be HKD 6,526,000, down from HKD 13,018,000 in 2023, resulting in an impairment loss of approximately HKD 900,000[4] - The silver alloy bonding wire cash-generating unit was assessed to have a recoverable amount of zero, leading to a full impairment loss of approximately HKD 19,126,000 for the fiscal year 2024[5] - The pre-tax discount rate used for the impairment testing was 16.28%, down from 18.41% in 2023[5] Financial Performance - The budgeted gross profit margin for the copper alloy bonding wire cash-generating unit was 20.8%, a decrease from 21.7% in 2023[4] - The company plans to provide monthly updates to the board on financial and operational performance to comply with corporate governance codes[8] - The company will deliver monthly revenue and gross profit analysis segmented by product within three weeks after each month-end[8] - The company aims to enhance its financial reporting procedures to ensure compliance with GEM listing rules[6] Market Conditions - The management team noted increased competitive activity, prompting a reassessment of market share and expected profits for certain products[3] - The company continues to receive positive feedback from customers regarding its projects, indicating satisfactory performance expectations[3]

Financial Performance - The group's revenue decreased by 8.3% from approximately HKD 212.6 million in 2023 to about HKD 194.9 million in 2024[7]. - Gross profit fell by 36.0% from HKD 54.9 million in 2023 to approximately HKD 35.1 million in 2024, with a gross margin decline from 25.8% to 18.0%[7]. - The group recorded a loss attributable to owners of approximately HKD 43.1 million in 2024, compared to a profit of HKD 0.5 million in 2023[7]. - EBITDA for the year was approximately HKD 15.3 million, down from HKD 28.6 million in 2023, excluding non-cash impairment losses and provisions[8]. - The group recorded an impairment loss of approximately HKD 20.0 million on intangible assets and a provision of about HKD 5.6 million for obsolete and slow-moving inventory during the year[7]. - The group's current assets net value decreased to approximately HKD 38.8 million from HKD 70.6 million in the previous year[22]. - The debt-to-equity ratio increased to approximately 78.0% from 42.7% in the previous year[22]. - The group recorded a significant increase in financial costs by 61.8% to approximately HKD 6.6 million due to increased bank borrowings[19]. - Total available reserves for distribution as of December 31, 2024, were approximately HKD 138.6 million, down from HKD 143.3 million in 2023[114]. - The company did not recommend a final dividend for the review year, maintaining a dividend of zero for 2023[104]. Market and Business Strategy - The company plans to focus on expanding its customer base targeting high-power semiconductor device customers and enhancing R&D capabilities[8]. - The demand for semiconductor packaging materials is expected to increase in the coming years due to the rapid development of AI and other emerging technologies[10]. - The group aims to seek new business collaborations and focus on innovations in advanced semiconductor packaging materials for applications in electric vehicles, micro-LEDs, AI, and 5G communications[10]. - The group plans to enhance R&D and market expansion for high-end wire products to meet the growing demand in the high-end packaging market[23]. - The company is actively developing products to meet the growing demand for high-power semiconductor devices driven by the rapid development of the electric vehicle industry[24]. - The board remains optimistic about the long-term development of the industry and the group's future prospects despite ongoing global economic and political uncertainties[10]. Corporate Governance - The board consists of eight members, including three executive directors and three independent non-executive directors, ensuring a balance of power[59]. - The company has not appointed a CEO, with daily management executed by senior management and overseen by executive directors[60]. - The independent non-executive directors have confirmed their independence according to GEM listing rules, ensuring compliance and governance standards[62]. - The company has adopted a board diversity policy in May 2018, focusing on factors such as gender, age, and professional experience to enhance board efficiency[68]. - The board is responsible for the overall management of the company, guiding and monitoring its affairs to promote success[64]. - The company has established a clear division of responsibilities between the chairman and the CEO to ensure effective governance[60]. - The board retains decision-making authority on major matters, including significant policies and financial transactions[65]. - The company has achieved its goal of having at least one female board member with the appointment of a new non-executive director effective December 31, 2024[69]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with GEM listing rules without any reported violations[84]. Risk Management and Compliance - The company has established an internal audit department to review the effectiveness of risk management and internal control systems[87]. - The risk management procedures and systems have been reviewed, and the board considers them effective and sufficient for the year under review[91]. - The company has adopted a policy for timely and accurate disclosure of significant information, ensuring potential inside information is identified and assessed promptly[92]. - The company encourages two-way communication with institutional and private investors, having adopted a shareholder communication policy to facilitate access to comprehensive and understandable information[95]. - The company has complied with relevant laws and regulations, with no significant violations reported during the review year[126]. - There were no major disputes with suppliers, customers, or other stakeholders during the review year[128]. Environmental, Social, and Governance (ESG) - The group integrates ESG principles into business operations, focusing on environmental protection, employee care, and product quality improvement[168]. - The group established a comprehensive and forward-looking sustainable development management framework to ensure effective implementation of ESG strategies[176]. - The committee is responsible for coordinating sustainable development efforts across departments, ensuring ESG principles are integrated into corporate culture[176]. - The company is committed to sustainable practices and compliance with environmental laws, implementing measures to reduce waste and energy consumption[124]. - The company has identified key ESG risks and implemented targeted regulatory measures to mitigate operational impacts[182]. - The company has maintained excellent compliance performance with no recorded violations of environmental and safety regulations in the past year[193]. - The company aims for zero environmental pollution and zero complaints from surrounding environments[196]. - The company has set specific goals for environmental and employee safety, with clear indicators for waste management and resource utilization[194]. Shareholder Information - The company has adopted a dividend policy prioritizing cash distributions to shareholders, with the payout ratio determined by the board based on financial performance and future outlook[163]. - The company has not purchased, sold, or redeemed any of its listed securities during the review year[160]. - The independent auditor for the review year is KPMG, which is eligible for reappointment at the upcoming annual general meeting[165]. - Major shareholders include BVI Holdings with 357,000,000 shares, representing 50.60% of the company's issued share capital[154]. - The company has not entered into any significant contracts with its controlling shareholders during the review year[144].

Financial Performance - The company's revenue decreased by 8.3% from approximately HKD 212.6 million in 2023 to about HKD 194.9 million in 2024[9]. - Gross profit fell by 36.0% from HKD 54.9 million in 2023 to approximately HKD 35.1 million in 2024, with a gross margin decline from 25.8% to 18.0%[9]. - The company recorded a net loss attributable to shareholders of approximately HKD 43.1 million, compared to a profit of HKD 0.5 million in 2023[22]. - EBITDA for the year was approximately HKD 15.3 million, down from HKD 28.6 million in 2023, excluding the impairment loss and inventory provision[10]. - The company's current ratio decreased to approximately 1.3 from 1.6 in the previous year, indicating a decline in liquidity[24]. - The total bank borrowings increased to approximately HKD 134.6 million from HKD 94.3 million in the previous year[24]. - The company's available distributable reserves as of December 31, 2024, were approximately HKD 138.6 million, down from HKD 143.3 million in 2023[116]. - The company did not recommend a final dividend for the review year, maintaining a dividend of zero for 2023[106]. Revenue Breakdown - Revenue from bonding wires increased by 9.7% to approximately HKD 109.4 million, driven by higher market share of gold and gold alloy wire products[17]. - Revenue from packaging glue products decreased by 27.5% to approximately HKD 76.8 million due to intense market competition and declining export demand[17]. - The company reported that sales to the top five customers accounted for approximately 34.3% of total sales, down from 43.2% in 2023, with the largest customer contributing about 11.5% of total sales[117]. - The largest supplier accounted for approximately 40.2% of total purchases, an increase from 33.4% in 2023, while the top five suppliers represented about 67.7% of total purchases[121]. Market Outlook and Strategy - The company aims to expand its customer base targeting high-power semiconductor device customers, such as those using Insulated Gate Bipolar Transistors (IGBTs)[10]. - The company plans to focus on innovation in advanced semiconductor packaging materials to capture opportunities in the automotive and AI markets[16]. - The global semiconductor market is projected to reach $635.1 billion in 2024, representing a year-on-year growth of 19.8%[25]. - The semiconductor market is expected to grow to $718.9 billion in 2025, with a year-on-year increase of 13.2%[25]. - The company plans to develop new LED outdoor packaging materials by 2025 to expand market share and enhance competitiveness[26]. - The demand for high-power semiconductor devices is increasing due to the rapid development of the electric vehicle industry[26]. - The company is focusing on advanced semiconductor packaging technology to meet market demands for high-performance computing, 5G networks, and AI chips[26]. - The board remains optimistic about the long-term development and future prospects of the company despite global economic volatility[15]. Corporate Governance - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[61]. - The company emphasizes good corporate governance practices to benefit shareholders and adapt to changing economic environments[60]. - The board has established clear distinctions between the roles of the chairman and the CEO, ensuring effective governance[62]. - The independent non-executive directors have confirmed their independence according to GEM listing rules, ensuring compliance and governance standards[64]. - The company has adopted a board diversity policy to enhance efficiency, considering factors such as gender, age, cultural background, and professional experience[70]. - The company has not appointed a CEO, with daily management executed by senior management and overseen by executive directors[60]. - The board is responsible for overall management and strategic guidance, ensuring accountability and transparency[66]. - The company is committed to continuously improving its corporate governance practices to meet legal requirements and recent developments[60]. Risk Management and Compliance - The company has established an internal audit department to review the effectiveness of risk management and internal control systems[89]. - The board has reviewed the internal control system and deemed it effective and sufficient for the year under review[90]. - The risk management procedures and systems have been reviewed, with the board considering them effective and sufficient for the year under review[93]. - The company has adopted a policy for timely and accurate disclosure of significant information, ensuring potential inside information is identified and assessed promptly[94]. - The company has complied with relevant laws and regulations, with no significant violations reported during the review year[128]. - There were no major disputes with suppliers, customers, or other stakeholders during the review year[130]. Environmental, Social, and Governance (ESG) Initiatives - The group integrates ESG principles into its business operations, focusing on environmental protection, employee care, and product quality improvement[170]. - The group established a comprehensive and forward-looking sustainable development management framework to ensure effective implementation of ESG strategies[178]. - The company has committed to environmental sustainability by adhering to environmental laws and implementing effective resource utilization measures[126]. - The company has maintained excellent compliance performance with no recorded violations of environmental and safety regulations in the past year[195]. - The company is committed to continuous improvement of environmental policies and practices to achieve higher standards in environmental protection and occupational safety[195]. - The company achieved an annual kitchen oil smoke emission concentration of ≤2.0 mg/L, meeting all environmental targets[198]. - The company reported zero deaths and serious injuries, achieving all safety targets[198]. - The company is focused on sustainable development and contributing to social and planetary sustainability[199].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 108,966,000, an increase of 7.3% compared to HKD 101,554,000 for the same period in 2023[2] - Gross profit for the same period was HKD 26,105,000, up from HKD 25,412,000, reflecting a slight increase in gross margin[2] - The net profit for the period was HKD 2,162,000, compared to HKD 1,119,000 in the previous year, representing a significant increase of 93.2%[2] - The basic earnings per share improved to HKD 0.31 from HKD 0.16, demonstrating enhanced profitability on a per-share basis[3] - The company reported a total comprehensive loss of HKD 9,191,000 for the six months ended June 30, 2024, compared to a loss of HKD 10,310,000 in the same period of 2023[8] - The company recorded a profit attributable to owners of approximately HKD 2.2 million, compared to HKD 1.1 million in the same period last year[53] Revenue Breakdown - The revenue from wire bonding was HKD 58,267,000, up from HKD 52,614,000, reflecting an increase of 10.1% year-over-year[17] - The revenue from packaging adhesive reached HKD 46,816,000, a slight increase from HKD 45,555,000, indicating a growth of 2.8%[17] - Revenue from customers in mainland China (excluding Hong Kong) was HKD 102,823,000, up from HKD 101,061,000, showing a growth of 1.7%[19] - Revenue from Hong Kong customers significantly increased to HKD 5,761,000 from HKD 200, indicating a substantial growth[19] Costs and Expenses - The company reported a total of HKD 82,861,000 in cost of sales for the period, compared to HKD 76,142,000 in the previous year, reflecting an increase of 8.5%[27] - The total employee costs for the period were HKD 13,574,000, slightly down from HKD 13,828,000 in the previous year, a decrease of 1.8%[24] - Sales and distribution expenses were approximately HKD 5.6 million, while administrative expenses decreased to approximately HKD 15.6 million due to reduced depreciation and cost-saving measures[51] Financing and Cash Flow - The company reported a financing cost of HKD 3,026,000, which is a substantial increase from HKD 1,429,000 in the prior year[2] - The total interest expenses for the period amounted to HKD 3,587,000, significantly up from HKD 1,429,000 in the previous year, indicating a year-over-year increase of 151.5%[21] - Operating cash flow for the six months ended June 30, 2024, was HKD 5,532,000, compared to a cash outflow of HKD 7,566,000 in the same period of 2023[10] - The company experienced a net cash outflow from investing activities of HKD 29,203,000, which is higher than the HKD 20,244,000 outflow in the previous year[10] - Financing activities generated a net cash inflow of HKD 22,318,000, slightly down from HKD 23,016,000 in the prior year[10] - The total cash and cash equivalents decreased to HKD 3,183,000 as of June 30, 2024, from HKD 29,164,000 a year earlier[10] Assets and Liabilities - Non-current assets totaled HKD 190,513,000 as of June 30, 2024, compared to HKD 175,166,000 at the end of 2023, indicating growth in asset base[6] - Trade receivables increased to HKD 115,670,000 from HKD 113,420,000, showing a slight growth in receivables[6] - The company’s total liabilities increased to HKD 118,875,000 from HKD 112,396,000, reflecting a rise in financial obligations[6] - The net asset value decreased slightly to HKD 217,599,000 from HKD 220,938,000, indicating a minor reduction in equity[7] - Trade receivables as of June 30, 2024, were HKD 80,920,000, an increase from HKD 74,564,000 as of December 31, 2023, showing a growth of 8.5%[32] Shareholding and Corporate Governance - As of June 30, 2024, the company has a total issued share capital of HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[76] - Dr. Zhou holds 357,000,000 shares, representing 50.60% of the company's issued share capital[70] - The company has a significant concentration of ownership, with the top shareholders holding over 50% of the total shares[75] - The company has complied with the corporate governance code as per GEM listing rules, ensuring a clear distinction between the roles of the chairman and the CEO[80] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results and found them compliant with applicable accounting standards[84] Future Outlook and Strategy - The group plans to focus on innovation in advanced semiconductor materials for applications in electric vehicles, micro-LED, artificial intelligence, and 5G communications[55] - The group will continue to seek new business collaborations and invest more resources in upstream packaging materials for the semiconductor industry[55] - In 2024, global semiconductor manufacturing equipment sales are expected to reach a record $109 billion, representing a year-on-year increase of 3.4%[54] - The demand for power semiconductor devices is experiencing rapid growth, driven by the widespread application of electric vehicles[55]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 108,966,000, an increase of 7.3% compared to HKD 101,554,000 for the same period in 2023[3] - Gross profit for the same period was HKD 26,105,000, up from HKD 25,412,000, reflecting a gross margin improvement[3] - The net profit for the six months ended June 30, 2024, was HKD 2,162,000, compared to HKD 1,119,000 for the same period in 2023, representing a significant increase of 93.2%[3] - The company reported a basic earnings per share of HKD 0.31 for the six months ended June 30, 2024, compared to HKD 0.16 for the same period in 2023[4] - The company reported a total comprehensive loss of HKD 9,191,000 for the six months ended June 30, 2024, compared to a loss of HKD 10,310,000 in the same period of 2023[9] - For the six months ended June 30, 2024, the company reported a profit of HKD 2,162,000, compared to HKD 1,119,000 for the same period in 2023, representing an increase of 93.3%[31] Revenue Breakdown - The revenue from wire bonding was HKD 58,267,000, up from HKD 52,614,000, representing an increase of 10.1%[18] - The revenue from packaging adhesive was HKD 46,816,000, compared to HKD 45,555,000, reflecting a growth of 2.8%[18] - Revenue from customers in mainland China was HKD 102,823,000, up from HKD 101,061,000, showing a growth of 1.7%[20] - Revenue from Hong Kong customers increased significantly to HKD 5,761,000 from HKD 200, indicating a substantial rise[20] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was HKD 5,532,000, a significant improvement from a cash outflow of HKD 7,566,000 in the same period of 2023[11] - The net cash used in investing activities was HKD 29,203,000, compared to HKD 20,244,000 in the previous year, indicating increased investment[11] - The net cash generated from financing activities was HKD 22,318,000, slightly down from HKD 23,016,000 in the prior year[11] - As of June 30, 2024, cash and cash equivalents decreased to HKD 3,183,000 from HKD 29,164,000 at the end of the previous year[11] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 255,116,000, compared to HKD 245,736,000 as of December 31, 2023, indicating growth in asset base[8] - Non-current liabilities increased to HKD 37,517,000 as of June 30, 2024, from HKD 24,798,000 as of December 31, 2023, reflecting higher bank borrowings[8] - The total equity as of June 30, 2024, was HKD 217,599,000, slightly down from HKD 220,938,000 as of December 31, 2023[8] - The company's current ratio as of June 30, 2024, is approximately 1.5, down from 1.6 as of December 31, 2023[59] - The company's total bank borrowings and overdrafts amount to approximately HKD 119.6 million as of June 30, 2024, compared to HKD 94.3 million as of December 31, 2023[59] Shareholder Information - As of June 30, 2024, the company has a total issued share capital of HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[77] - Dr. Zhou holds 357,000,000 shares, representing 50.60% of the company's issued share capital[71] - Professor Zhou also holds 357,000,000 shares and an additional 510,000 shares, totaling 50.60% and 0.07% respectively[71] - Mr. Li holds 16,050,000 shares, which accounts for 2.27% of the total issued share capital[71] - The company has a significant concentration of ownership, with the top shareholders holding over 50% of the total shares[76] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules, ensuring a clear distinction between the roles of the chairman and the daily management[81] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards[85] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[82] - The company plans to continue improving its corporate governance practices to align with statutory requirements and recent developments[81] Future Plans and Market Outlook - The company plans to continue focusing on expanding its market presence and enhancing its product offerings in the semiconductor materials sector[2] - The company plans to focus on innovation in advanced semiconductor materials for applications in electric vehicles, micro-LEDs, artificial intelligence, and 5G communications[56] - In 2024, global semiconductor manufacturing equipment sales are expected to reach a record high of $109 billion, representing a year-on-year increase of 3.4%[55] - The demand for power semiconductor devices is experiencing rapid growth due to the widespread application of electric vehicles, with significant sales of copper alloy bonding wires for next-generation power semiconductor devices[56]

Financial Performance - The group's revenue for the fiscal year 2023 decreased by 2.4% to approximately HKD 212.6 million from HKD 217.9 million in 2022[7]. - Gross profit for the fiscal year 2023 was approximately HKD 54.9 million, a decrease of 5.3% from HKD 58.0 million in 2022, resulting in a gross margin of 25.8%[7]. - Net profit attributable to owners for the fiscal year 2023 was approximately HKD 0.5 million, down from HKD 8.6 million in 2022[7]. - EBITDA for the fiscal year 2023 was approximately HKD 28.6 million, compared to HKD 34.1 million in 2022[7]. - Revenue from bonding wire products decreased by 5.9% to approximately HKD 99.7 million, while revenue from packaging adhesive products increased by 5.6% to approximately HKD 106.0 million[15]. - Other income recorded a net gain of approximately HKD 5.6 million, up from HKD 4.3 million in the previous year, influenced by a one-time government subsidy of approximately HKD 2.6 million[17]. - Financial costs increased significantly by 115.4% to approximately HKD 4.1 million due to higher bank borrowings and rising interest rates[19]. - The group’s available distributable reserves as of December 31, 2023, were approximately HKD 143.3 million, down from HKD 156.2 million as of December 31, 2022[135]. Market and Growth Prospects - In the second half of 2023, the group's revenue and gross profit increased by 17.0% and 19.2% respectively compared to the same period in 2022[13]. - The company anticipates significant growth in demand for IGBT and other high-power semiconductor products due to the rapid development of 5G technology[9]. - The semiconductor market is expected to grow at a compound annual growth rate of 7.7% from 2024 to 2032, reaching a market value of approximately USD 1,218.58 billion by 2032[24]. - The group is focused on innovation in advanced semiconductor packaging materials to capitalize on expected market recovery opportunities[14]. - The company plans to launch three new series of packaging adhesive products and has developed a new type of copper alloy bonding wire, which has already received orders from top customers in China[25]. - The group is actively seeking potential acquisition targets and will continue to enhance its R&D capabilities to capture opportunities in emerging markets such as 5G, electric vehicles, and artificial intelligence[26]. Corporate Governance - The board of directors consists of both executive and non-executive members, ensuring a balanced governance structure[154]. - The company has adopted a board diversity policy to enhance efficiency, considering factors such as gender, age, and professional experience[83]. - The company has complied with GEM listing rules and corporate governance codes, ensuring accountability and transparency[70]. - The company has a structured approach to risk management and internal controls, which is regularly reviewed[78]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting and internal control systems during the year[94]. - The board has established a target for gender diversity and will actively consider various aspects of board diversity[86]. - The company provides ongoing professional development training for all directors to ensure they remain informed and capable[90]. Sustainability and Social Responsibility - The company is committed to environmental sustainability, adhering to environmental laws and implementing effective resource utilization measures[147]. - The ESG report emphasizes the company's commitment to sustainable development, focusing on environmental protection, employee welfare, and community investment[197]. - The company has implemented green office measures to reduce energy consumption and promote recycling[147]. - The company made charitable donations of HKD 147,000 during the review year, compared to HKD 33,500 in 2022[188]. Risk Management - The group’s performance is significantly influenced by the economic, political, and legal developments in China, where most of its assets and operations are located[142]. - The group has implemented a cautious treasury policy, maintaining cash reserves in Hong Kong to manage risks associated with its operations in China[142]. - The company has adopted a policy for timely and accurate disclosure of significant information, ensuring compliance with insider information regulations[111]. - The board is responsible for maintaining effective risk management and internal control systems, which are reviewed at least annually[107]. Shareholder Information - No interim dividend was declared, and no final dividend is recommended for the year ending December 31, 2023[31]. - The company has adopted a dividend policy prioritizing cash distribution to shareholders, with the payout ratio determined by the board based on financial performance and future outlook[189]. - The company maintains sufficient public float as required by GEM listing rules as of the report date[189].