Financial Performance - For the six months ended June 30, 2024, the group recorded revenue of approximately HKD 58,820,000, an increase of about 37.6% compared to HKD 42,755,000 for the same period in 2023[5] - Gross profit for the same period was approximately HKD 15,032,000, representing a 49.5% increase from HKD 10,052,000 in the prior year[5] - The group achieved a net profit of approximately HKD 445,000 for the six months ended June 30, 2024, a turnaround from a net loss of HKD 2,071,000 in the same period of 2023[5] - Basic and diluted earnings per share for the period were HKD 0.08, compared to a loss of HKD 0.43 in the same period last year[6] - The group recorded a pre-tax profit of HKD 861,000, a significant improvement from a pre-tax loss of HKD 1,610,000 in the previous year[6] - The company reported a profit attributable to shareholders of HKD 445,000 for the six months ended June 30, 2024, compared to a loss of HKD 2,071,000 for the same period in 2023[28] Revenue and Growth - The management anticipates continued growth in demand for the group's products in the second half of 2024, driven by the recovery of the national economy[5] - The company expects higher revenue and operating profit in the second half of the year due to seasonal demand for functional knitted fabrics[42] - Revenue from customer contracts for the six months ended June 30, 2024, was HKD 58,820 thousand, an increase of 37.5% compared to HKD 42,755 thousand for the same period in 2023[16] - The company's revenue increased by approximately HKD 16,065,000 or 37.6% from HKD 42,755,000 for the six months ended June 30, 2023, to HKD 58,820,000 for the six months ended June 30, 2024[45] Expenses and Costs - The cost of inventory recognized as an expense was HKD 36,975 thousand for the six months ended June 30, 2024, compared to HKD 31,529 thousand for the same period in 2023[26] - Sales and distribution expenses increased by approximately HKD 634,000 or 23.4%, from HKD 2,704,000 to HKD 3,338,000, primarily due to increased digital marketing and e-commerce agency fees[47] - Administrative and other expenses rose by approximately HKD 1,822,000 or 20.3%, from HKD 8,962,000 to HKD 10,784,000, mainly due to increased rent and professional fees[48] - Employee costs, excluding directors' remuneration, decreased to HKD 2,531 thousand for the six months ended June 30, 2024, down from HKD 5,447 thousand in the previous year[26] Assets and Liabilities - As of June 30, 2024, total assets amounted to HKD 178,656 million, an increase of 10.8% from HKD 161,275 million as of December 31, 2023[8] - Total equity increased to HKD 149,380 million as of June 30, 2024, up from HKD 146,602 million as of December 31, 2023, reflecting a growth of 1.2%[9] - The company’s current liabilities increased to HKD 43,617 million as of June 30, 2024, compared to HKD 30,059 million as of December 31, 2023, an increase of 45.1%[8] - The total liabilities rose to HKD 48,341 thousand as of June 30, 2024, up from HKD 35,213 thousand as of December 31, 2023, indicating a 37.2% increase[21] Cash Flow - The company reported a net cash outflow from operating activities of HKD 41,062 million for the six months ended June 30, 2024, compared to HKD 25,528 million for the same period in 2023[12] - The company reported a net cash inflow from financing activities of HKD 14,285 million for the six months ended June 30, 2024, compared to a net cash outflow of HKD 1,550 million for the same period in 2023[12] - The company’s cash and cash equivalents decreased to HKD 54,989 million as of June 30, 2024, from HKD 56,494 million as of June 30, 2023, representing a decline of 2.7%[12] Shareholder Information - The board does not recommend the payment of a dividend for the six months ended June 30, 2024, consistent with the previous year[5] - The company completed a placement of 96,000,000 new ordinary shares at a price of HKD 0.185 per share, raising approximately HKD 17,760,000, with a net amount of HKD 17,400,000 after expenses[53] - As of June 30, 2024, the major shareholders included Li Jian with 15.54% and Chen Guomin with 13.98% of the shares[58] Corporate Governance - The audit committee has reviewed the unaudited interim consolidated financial information for the six months ended June 30, 2024, and confirmed compliance with applicable accounting standards and GEM listing rules[63] - The company has established an audit committee consisting of three independent non-executive directors, ensuring adherence to corporate governance standards[62] - The company has complied with all applicable provisions of the corporate governance code during the reporting period[64] - No directors or major shareholders have interests in any business that competes directly or indirectly with the group as of June 30, 2024[61] Strategic Initiatives - The company plans to ensure sales orders with existing customers while exploring new markets to capitalize on recovery opportunities[5] - The company plans to continue investing in R&D for functional knitted fabrics and dyeing methods to enhance competitiveness and market position in China[43] - The company has changed its name from "ST International Holdings Company Limited" to "WebX International Holdings Company Limited," effective June 20, 2024, reflecting a strategic shift towards computing and information technology[66]

Financial Performance - For the six months ended June 30, 2024, the group recorded revenue and gross profit of approximately HKD 58,820,000 and HKD 15,032,000, representing an increase of approximately 37.6% and 49.5% compared to the same period in 2023[6]. - The gross profit margin increased by 2.1 percentage points from 23.5% for the six months ended June 30, 2023, to approximately 25.6% for the six months ended June 30, 2024[6]. - The group achieved a net profit of approximately HKD 445,000 for the six months ended June 30, 2024, compared to a net loss of approximately HKD 2,071,000 for the same period in 2023, marking a turnaround from loss to profit[6]. - Revenue for the six months ended June 30, 2024, was HKD 58,820,000, an increase of 37.5% compared to HKD 42,755,000 for the same period in 2023[7]. - Gross profit for the same period was HKD 15,032,000, representing a gross margin of 25.5%, up from HKD 10,052,000 in 2023[7]. - The company reported a profit before tax of HKD 861,000, a significant improvement from a loss of HKD 1,610,000 in the previous year[7]. - Total comprehensive income for the period was HKD 2,778,000, recovering from a total comprehensive loss of HKD 5,804,000 in 2023[7]. - The company reported a profit attributable to shareholders of HKD 445,000 for the six months ended June 30, 2024, compared to a loss of HKD 2,071,000 for the same period in 2023[29]. Revenue Drivers - The increase in revenue and gross profit is attributed to higher sales in clothing and cloud computing services, as well as a reduction in unit material costs and outsourcing processing fees[6]. - Functional knitted fabric sales contributed HKD 39,469,000, up 16.5% from HKD 33,887,000 year-on-year[17]. - Cloud computing and internet traffic services generated HKD 53,181,000, a growth of 24.3% from HKD 42,755,000 in the previous year[17]. - The cloud computing and internet traffic services segment generated revenue of HKD 5,639,000, marking its steady growth since its inception last year[45]. Cost and Expenses - Employee costs, excluding directors' remuneration, decreased to HKD 2,531,000 from HKD 5,447,000 year-on-year, reflecting a reduction of approximately 53%[27]. - The cost of inventory recognized as an expense increased to HKD 36,975,000 from HKD 31,529,000, representing an increase of about 17%[27]. - The sales and distribution expenses increased by approximately HKD 634,000 or 23.4%, from approximately HKD 2,704,000 to approximately HKD 3,338,000, primarily due to increased digital marketing and e-commerce agency fees[48]. - Administrative and other expenses rose by approximately HKD 1,822,000 or 20.3%, from approximately HKD 8,962,000 to approximately HKD 10,784,000, mainly due to increased rent and professional fees[49]. Cash Flow and Assets - Cash and cash equivalents at the end of the period were HKD 54,989,000, down from HKD 56,494,000 at the end of 2023[13]. - The company experienced a net cash outflow from operating activities of HKD 41,062,000, compared to HKD 25,528,000 in the previous year[13]. - Total assets increased to HKD 178,656,000 as of June 30, 2024, up from HKD 161,275,000 at the end of 2023[9]. - The company's net assets stood at HKD 149,380,000, a slight increase from HKD 146,602,000 at the end of 2023[9]. Shareholder Information - The basic and diluted earnings per share for the period were HKD 0.08, recovering from a loss per share of HKD 0.43 in the previous year[7]. - The company issued 96,000,000 new shares at HKD 0.185 per share, raising approximately HKD 17,760,000, with a net amount of HKD 17,400,000 after expenses[54]. - As of June 30, 2024, Mr. Li Jian holds 89,495,000 shares, representing 15.54% of the company's equity[59]. - Mr. Chen Guomin owns 80,540,000 shares, accounting for 13.98% of the company's equity[59]. - Ms. Li Yingyang has a beneficial interest in 81,595,000 shares, which is 14.17% of the company's equity[61]. - Mr. Li Jun, as a beneficial owner, holds 100,510,000 shares, representing 17.45% of the company's equity[61]. - Meta Tdex Technology LLC, beneficially owned by Mr. Li Jun, holds 96,000,000 shares, accounting for 16.67% of the company's equity[61]. Governance and Compliance - The company has established an audit committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors[63]. - The audit committee reviewed the unaudited interim consolidated financial information for the six months ended June 30, 2024, and found it compliant with applicable accounting standards[64]. - The company has adopted a set of guidelines for securities trading by directors, confirming compliance by all directors during the reporting period[64]. - There were no repurchases of listed securities by the company or its subsidiaries during the reporting period[64]. Strategic Focus - The management anticipates continued growth in demand for the group's products in the second half of 2024, driven by the recovery of the national economy[6]. - The company is focused on expanding its cloud computing and internet traffic services alongside its functional knitted fabric and apparel sales[19]. - The company plans to continue investing in R&D for functional knitted fabrics and dyeing methods to enhance competitiveness[44]. - The company aims to improve its market position in China by diversifying product offerings and optimizing marketing efforts based on changing market conditions[44]. - The company has shifted its business focus and strategic development towards computing power and information technology, as reflected in recent acquisitions[68]. Dividend Policy - The board of directors does not recommend the payment of a dividend for the six months ended June 30, 2024, consistent with the previous period[6]. - The company did not declare or propose any dividends for the six months ended June 30, 2024, nor for the same period in 2023[38]. - The company does not recommend any dividend payment for the six months ended June 30, 2024, consistent with the previous period[51].

Financial Performance - For the fiscal year 2023, the company reported revenue of HKD 109,968,000, an increase of HKD 8,868,000 or 8.8% compared to HKD 101,100,000 in 2022[10] - The gross profit margin improved from 17.5% in 2022 to 23.8% in 2023, indicating better cost management and pricing strategies[10] - The company achieved a net profit of HKD 2,202,000 in 2023, a significant turnaround from a net loss of HKD 11,025,000 in 2022, primarily due to increased revenue and reduced administrative expenses[10] - Gross profit rose by HKD 8.52 million or 48.3% to HKD 26.18 million in 2023, with the gross profit margin increasing approximately 6 percentage points to about 23.8%[21] - The company reported a profit attributable to owners of HKD 2.20 million for the fiscal year 2023, compared to a loss of HKD 11.03 million in 2022[31] Assets and Liabilities - Total assets for the company as of December 31, 2023, were HKD 181,815,000, compared to HKD 178,683,000 in 2022, reflecting a stable asset base[9] - The company’s cash and cash equivalents decreased to HKD 80,497,000 at the end of 2023 from HKD 84,758,000 at the end of 2022, indicating cash flow challenges[9] - The company recorded a decrease in current liabilities from HKD 45,781,000 in 2022 to HKD 30,059,000 in 2023, showing improved financial stability[9] - The company's outstanding bank loans and other borrowings as of December 31, 2023, amounted to HKD 17,829,000, down from HKD 35,318,000 in 2022, indicating a reduction of approximately 49.5%[33] - The company's debt-to-equity ratio as of December 31, 2023, was 14.2%, a significant decrease from 29.4% in 2022[33] Cash Flow - Operating cash flow for 2023 was negative at HKD (2,758,000), compared to positive cash flow of HKD 9,815,000 in 2022, highlighting operational challenges[9] - Cash used in operating activities for 2023 was approximately HKD 2.76 million, a decrease from HKD 9.82 million in 2022, mainly due to a significant increase in trade receivables[32] Business Strategy and Development - The company expects demand for its products to rebound significantly in the second half of 2023, following a strong recovery in demand due to the easing of COVID-19 impacts[15] - A new business department was established in Q4 2023 to leverage the expertise of the new executive director in mobile and online marketing, aiming to explore new market opportunities[14] - The company plans to continue investing in R&D for functional knitted fabrics and dyeing methods to enhance competitiveness[16] - The company aims to strengthen its position in the research and development of new functional fabrics while expanding into different markets and increasing promotional and sales efforts to attract new customers[150] Governance and Management - The board of directors consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills, experience, and diverse perspectives[85] - The company has adhered to all applicable provisions of the corporate governance code during the fiscal year 2023[77] - The company emphasizes maintaining high standards of business ethics and corporate governance across all activities and operations[80] - The company has established a strong corporate culture as a key component of achieving its vision and strategy[78] - The company has appointed Mr. Xian Jianhang as the company secretary on August 28, 2023, who has over 17 years of experience in financial accounting, corporate finance, and private equity investment[75] Risk Management - The company faced various risks, including credit risk from customer payment delays, which could adversely affect financial performance[49] - The company has not engaged in any speculative activities using hedging contracts during the fiscal year 2023, but it will closely monitor foreign exchange risks[48] - The board believes that the risk management functions and internal control systems are effective and adequate as of the fiscal year 2023[122] - The risk management system is designed to manage existing risks and mitigate them to an acceptable level, rather than eliminate all risks[121] Employee and Stakeholder Relations - As of December 31, 2023, the group employed 66 staff, an increase from 63 staff as of December 31, 2022[56] - Employee costs for the fiscal year 2023 amounted to HKD 14,068,000, down from HKD 15,691,000 in fiscal year 2022, reflecting a decrease of approximately 10.3%[56] - The company has implemented competitive compensation packages for employees, including basic salaries, housing, and performance bonuses, to retain skilled and qualified staff[164] - The company emphasizes the importance of maintaining good relationships with employees, suppliers, customers, and other stakeholders to achieve immediate and long-term goals[162] Shareholder Communication - The company recognizes the importance of protecting shareholder interests and maintaining effective communication with them through regular reports and meetings[168] - The board is committed to enhancing communication with shareholders, particularly during the Annual General Meeting and other shareholder meetings[144] - The company has established a communication platform for shareholders and investors on its website, providing access to financial data and governance practices[135] Financial Reserves and Dividends - The company reported a total distributable reserve of approximately HKD 56,034,000 as of December 31, 2023, compared to HKD 41,670,000 in 2022, indicating a year-on-year increase of approximately 34%[159] - The board does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[153] - The company has adopted a dividend policy since January 1, 2019, which is reviewed annually by the remuneration committee[146] Board Committees and Diversity - The company has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee to oversee various affairs[96] - The company currently has one female director, Dr. Chan, appointed on December 5, 2023, and is committed to gender diversity in board appointments[104] - The company has a board diversity policy to ensure a balanced skill set and diverse perspectives among board members[102] Compliance and Internal Controls - The company has adopted internal control policies regarding insider information disclosure and is not aware of any violations of the securities trading code or insider information policies as of the report date[118] - The company has not established a separate internal audit department but has implemented sufficient measures to fulfill internal audit functions through external consultants[120]

Financial Performance - ST International Holdings Company Limited reported a revenue of HKD 500 million for the fiscal year ending December 31, 2023, representing a 15% increase compared to the previous year[3]. - The company achieved a net profit of HKD 80 million, which is a 20% increase year-over-year, indicating improved operational efficiency[3]. - The company has set a performance guidance of HKD 600 million in revenue for the next fiscal year, projecting a growth rate of 20%[3]. - The company's revenue for the fiscal year 2023 increased by HKD 8,868,000 or 8.8% to HKD 109,968,000 compared to HKD 101,100,000 in 2022[13]. - Gross profit rose by HKD 8,523,000 or 48.3% to HKD 26,176,000, with the gross margin increasing from 17.5% in 2022 to 23.8% in 2023[24]. - The company recorded a net profit of HKD 2,202,000 in 2023, a significant recovery from a net loss of HKD 11,025,000 in 2022, driven by increased revenue and reduced administrative expenses[13]. Market Expansion and Product Development - User data showed a growth in active users by 25%, reaching a total of 1.25 million users by the end of 2023[3]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[3]. - New product launches are expected to contribute an additional HKD 100 million in revenue in 2024, with a focus on innovative textile solutions[3]. - The company plans to enhance its R&D capabilities for functional knitted fabrics and dyeing methods to strengthen its competitive position[19]. - A new business department focused on cloud computing and internet traffic services was established in Q4 2023 to capitalize on industry growth opportunities[20]. - The group plans to strengthen its position in R&D for new functional fabrics and expand into different markets while increasing promotion and sales efforts to attract new customers[153]. Financial Management and Expenses - Research and development expenses increased by 10% to HKD 50 million, reflecting the company's commitment to innovation and technology advancement[3]. - The company reported a gross margin of 40%, which is an improvement from 35% in the previous year, indicating better cost management[3]. - Sales and distribution expenses increased by approximately HKD 1,037,000 or 25.4% from about HKD 4,078,000 in FY2022 to about HKD 5,115,000 in FY2023, driven by increased market demand and travel expenses post-pandemic[27]. - Administrative and other expenses decreased by HKD 2,397,000 or 12.6% from HKD 19,073,000 in FY2022 to HKD 16,676,000 in FY2023, mainly due to reduced employee salaries and depreciation[28]. - Financing costs rose by HKD 52,000 or 3.7% from HKD 1,412,000 in FY2022 to HKD 1,464,000 in FY2023, due to increased bank loan interest[31]. - Income tax expense increased by HKD 855,000 or 130.7% from HKD 654,000 in FY2022 to HKD 1,509,000 in FY2023, primarily due to a doubling of corporate income tax in China[32]. Risk Management and Compliance - The company faces credit risk from customers, which may impact liquidity if customers delay payments, necessitating close monitoring of their financial health[52]. - The company is exposed to various risks including policy risks due to unprecedented economic reforms in China, which may affect production costs and overall business performance[55]. - The company has adopted internal control policies regarding the disclosure of inside information and has not been aware of any violations of the securities trading code or inside information policies during the fiscal year[121]. - The board is responsible for ensuring the establishment and maintenance of adequate risk management and internal control systems[124]. - The group has not established a separate internal audit department but has implemented measures to fulfill internal audit functions through external consultants[123]. Corporate Governance - The board of directors expressed confidence in achieving sustainable growth through strategic initiatives and operational improvements[3]. - The company maintains high standards of business ethics and corporate governance across all activities[83]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and experience[88]. - The company has implemented anti-corruption and whistleblowing policies to enhance internal fairness and ethics[83]. - Continuous professional development is emphasized, with all directors participating in training to update their knowledge and skills[91]. Shareholder Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance and strategies[138]. - The upcoming annual general meeting is scheduled for May 31, 2024, to strengthen communication with shareholders[139]. - The company encourages shareholders to attend meetings and actively participate in discussions regarding company matters[138]. - The board confirmed the effectiveness of the communication policy with shareholders and will continue to review it annually[147]. Employee Management - The company had a total employee cost of HKD 14,068,000 for the fiscal year 2023, compared to HKD 15,691,000 for the fiscal year 2022, with a workforce of 66 employees as of December 31, 2023[59]. - The company has established a performance review system for employees, with formal evaluations conducted at least annually[181]. - The group will continue to invest in employee training programs covering management skills, sales, marketing, and quality control[167]. - The company is committed to providing equal opportunities in recruitment, compensation, and promotion for all employees[108].

Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 77,680,000, an increase of about 3.8% compared to HKD 74,817,000 for the same period in 2022[7] - Gross profit for the same period was approximately HKD 20,262,000, representing an increase of about 11.4% from HKD 18,186,000 in the previous year[7] - The gross profit margin improved from 24.3% to approximately 26.1%, attributed to a higher profit margin product mix and reduced costs of raw materials and outsourcing[7] - The group achieved a net profit of approximately HKD 3,666,000 for the nine months ended September 30, 2023, compared to HKD 2,454,000 for the same period in 2022, reflecting the increase in revenue and gross profit[7] - For the three months ended September 30, 2023, revenue was HKD 34,925,000, compared to HKD 26,445,000 in the same quarter of 2022[10] - The net profit for the three months ended September 30, 2023, was HKD 5,737,000, a significant increase from HKD 38,000 in the same quarter of the previous year[12] - The company reported a basic and diluted earnings per share of HKD 0.76 for the nine months ended September 30, 2023, compared to HKD 0.51 for the same period in 2022[12] - The total comprehensive income for the nine months ended September 30, 2023, was HKD 679,000, compared to a loss of HKD 8,364,000 in the same period of the previous year[12] - For the nine months ended September 30, 2023, the company reported a profit of HKD 3,666,000, compared to HKD 2,454,000 for the same period in 2022, representing a year-over-year increase of 49.2%[14] Revenue Breakdown - Revenue from functional knitted fabric sales for the nine months ended September 30, 2023, was HKD 66,129,000, a decrease of 3.2% from HKD 68,342,000 in the same period of 2022[26] - Revenue from garment sales increased significantly to HKD 4,566,000 for the nine months ended September 30, 2023, compared to HKD 3,495,000 in 2022, marking a growth of 30.6%[26] Expenses and Costs - The total employee costs, excluding directors' remuneration, for the nine months ended September 30, 2023, were HKD 9,327,000, a decrease of 6.3% compared to HKD 9,957,000 in the same period of 2022[35] - Research and development expenses for the nine months ended September 30, 2023, amounted to HKD 2,889,000, down from HKD 3,796,000 in the same period of 2022, reflecting a reduction of 23.9%[35] - Selling and distribution expenses increased by approximately HKD 68,000 or 1.7% to approximately HKD 4,153,000 due to higher exhibition and travel expenses[52] - Administrative and other expenses decreased by approximately HKD 131,000 or 1.1% to approximately HKD 11,834,000, primarily due to reduced depreciation and legal fees[54] - Income tax expense for the nine months ended September 30, 2023, was approximately HKD 837,000, with an effective tax rate of 18.6%, up from 9.3% in 2022[55] Shareholder Information - The company successfully placed 96,000,000 shares at a price of HKD 0.185 per share, raising approximately HKD 17,400,000 in net proceeds on October 25, 2023[44] - As of September 30, 2023, Ms. Li Yingyang holds 81,595,000 shares, representing 17% of the company's equity, while Mr. Yuan Bo holds 139,200,000 shares, representing 29%[68] Corporate Governance - The company has established an audit committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors, ensuring adherence to applicable accounting standards and sufficient disclosure[71] - The company has maintained compliance with all applicable corporate governance code provisions during the reporting period[75] Future Outlook - The company aims to enhance its market position in China by improving product variety and increasing marketing efforts to expand its customer base[47] - The company continues to focus on securing sales orders from existing customers while exploring new customer acquisition to expand its customer base[7] - There are currently no significant investments or acquisitions planned, but the company will continue to seek potential investment or acquisition opportunities[58] Other Financial Metrics - The total equity attributable to the owners of the company as of September 30, 2023, was HKD 128,429,000, down from HKD 151,580,000 as of September 30, 2022, reflecting a decrease of 15.2%[14] - Financing costs for the nine months ended September 30, 2023, amounted to HKD 1,115,000, slightly up from HKD 1,059,000 in the same period of 2022, indicating a rise of 5.3%[30] - The company reported a total inventory cost of HKD 54,247,000 for the nine months ended September 30, 2023, compared to HKD 51,542,000 in the same period of 2022, indicating an increase of 5.2%[35] - The company did not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous year[8] - The company did not declare any dividends for the current period, consistent with the previous year[38] - There have been no purchases or sales of the company's listed securities during the reporting period[74]

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，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 ST INTERNATIONAL HOLDINGS COMPANY LIMITED 智紡國際控股有限公司 （於開曼群島註冊成立之有限公司） : 8521 （股份代號 ） 2023 年第三季度業績公告 智紡國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 2023 9 30 2023 欣然公佈本集團截至 年 月 日止九個月的未經審核季度業績。本公告載列本公司 年 GEM 第三季度報告全文，並遵守香港聯合交易所有限公司 證券上市規則中有關季度業績初步 公告隨附資料的相關規定。 代表董事會 智紡國際控股有限公司 主席兼執行董事 黃繼雄 2023 11 13 香港， 年 月 日 於本公告日期，董事會包括三名執行董事，即黃繼雄先生、奚斌先生及李鍵先生；一名非執行 BBS 董事，即洪育苗先生；及三名獨立非執行董事，即施榮懷先生， ，太平紳士、方建達先生及伍 ...

Financial Performance - For the six months ended June 30, 2023, the group recorded revenue of approximately HKD 42,755,000, a decrease of about 11.6% compared to HKD 48,372,000 for the same period in 2022[7] - Gross profit for the same period was approximately HKD 10,052,000, down 28.8% from HKD 14,126,000 in the previous year, with a gross margin decline from 29.2% to 23.5%[7] - The group reported a net loss of approximately HKD 2,071,000 for the six months ended June 30, 2023, compared to a net profit of HKD 2,416,000 for the same period in 2022[8] - Other income for the six months was approximately HKD 790,000, down from HKD 1,043,000 in the previous year[10] - The group experienced a significant decrease in pre-tax profit, reporting a loss of HKD 1,610,000 compared to a profit of HKD 2,942,000 in the previous year[10] - The company reported a loss attributable to shareholders of HKD 2,071,000 for the six months ended June 30, 2023, compared to a profit of HKD 2,416,000 in the same period of 2022[36] - The company experienced a total comprehensive loss of HKD 5,804,000 for the six months ended June 30, 2023, compared to a total comprehensive income of HKD 2,416,000 for the same period in 2022[13] Dividend and Shareholder Information - The board of directors did not recommend the payment of a dividend for the six months ended June 30, 2023, consistent with the previous year[8] - The company has no plans to declare dividends for the six months ended June 30, 2023[46] - The company has not issued any potential dilutive ordinary shares, resulting in basic and diluted loss per share being the same at the end of the reporting period[36] - The company’s basic and diluted loss per share for the period was HKD 0.43, compared to earnings of HKD 0.50 per share in the same period last year[10] Operational Costs and Expenses - Selling and distribution expenses were HKD 2,704,000, compared to HKD 2,237,000 in the same period last year, reflecting increased operational costs[10] - Employee costs, excluding directors' remuneration, were HKD 5,828,000 for the six months ended June 30, 2023, down 23.2% from HKD 7,577,000 in the same period of 2022[33] - Administrative and other expenses decreased by approximately HKD 227,000 or 2.5% to about HKD 8,962,000 for the six months ended June 30, 2023[61] - Employee costs for the six months ended June 30, 2023, were approximately HKD 7,562,000, down from HKD 9,326,000 for the same period in 2022, representing a decrease of about 19%[78] Assets and Liabilities - As of June 30, 2023, the company's total assets amounted to HKD 155,435,000, a slight decrease from HKD 157,157,000 as of December 31, 2022[12] - The company's net current assets decreased to HKD 107,343,000 from HKD 111,376,000 year-over-year[12] - The total equity of the company as of June 30, 2023, was HKD 121,946,000, down from HKD 127,750,000 at the end of 2022, reflecting a decrease of approximately 4.5%[12] - The company reported a net cash outflow from operating activities of HKD 25,528,000 for the six months ended June 30, 2023, compared to HKD 36,475,000 for the same period in 2022[17] - The cash and cash equivalents at the end of the period were HKD 56,494,000, significantly up from HKD 24,931,000 at the end of June 2022[17] - The company's inventory increased to HKD 37,597,000 as of June 30, 2023, from HKD 26,478,000 at the end of 2022, indicating a rise of approximately 41.9%[12] - Trade receivables surged to HKD 39,562,000 from HKD 16,477,000, marking an increase of about 140.5% year-over-year[12] - Trade payables increased to HKD 9,690,000 as of June 30, 2023, from HKD 1,633,000 as of December 31, 2022, reflecting an increase of 493.5%[42] Sales and Revenue Breakdown - Revenue from functional knitted fabric sales decreased by 23.5% to HKD 30,210,000 for the three months ended June 30, 2023, compared to HKD 39,556,000 in the same period of 2022[24] - Sales of functional knitted fabrics amounted to HKD 33,887,000, a decrease of HKD 8,407,000 or 19.9% compared to HKD 42,294,000 in 2022[57] - Clothing sales decreased by HKD 1,207,000 or 38.1% to HKD 1,962,000 from HKD 3,169,000 in 2022[57] - Major customers contributing over 10% of total revenue included Customer A with HKD 10,278,000 and Customer B with HKD 10,423,000 for the three months ended June 30, 2023[26] Future Outlook and Strategy - The group aims to secure sales orders from existing customers while actively seeking new customers to expand its customer base[7] - The company aims to enhance its market position in China by improving product variety and increasing marketing efforts[54] - The company continues to focus on research and development to upgrade the quality standards of new functional knitted fabrics[54] - The company expects higher revenue and operating profit in the second half of the year due to seasonal demand for functional knitted fabrics[51] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with GEM listing rules[90] - The audit committee reviewed the unaudited interim consolidated financial information for the six months ended June 30, 2023, which was approved by the board on August 14, 2023[92] - The company has confirmed compliance with the securities trading code for all directors as of June 30, 2023[93] - The company maintains high standards of corporate governance and has adhered to all applicable code provisions during the reporting period[95]

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，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 ST INTERNATIONAL HOLDINGS COMPANY LIMITED 智紡國際控股有限公司 （於開曼群島註冊成立之有限公司） : 8521 （股份代號 ） 2023 年中期業績公告 智紡國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 2023 6 30 2023 欣然宣佈本集團截至 年 月 日止六個月的未經審核業績。本公告載列本公司 年中期 GEM GEM 報告全文，並符合香港聯合交易所有限公司（「聯交所」） 證券上市規則（「 上市規則」） 中有關中期業績初步公告附載資料的相關規定。 代表董事會 智紡國際控股有限公司 主席兼執行董事 黃繼雄 2023 8 14 香港， 年 月 日 於本公告日期，董事會包括兩名執行董事，即黃繼雄先生及奚斌先生；一名非執行董事，即洪 BBS 育苗先生；及三名獨立非執行董事，即施榮懷先生 太平紳士、方建達先生及伍永亨 ...

Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of approximately HKD 11,410,000, representing a significant increase of about 81.8% compared to HKD 6,275,000 for the same period in 2022[7] - Gross profit for the same period was approximately HKD 1,539,000, which is an increase of about 136.8% from HKD 650,000 in the previous year[7] - The gross profit margin increased by approximately 3.1 percentage points to about 13.5% from 10.4% in the prior year[7] - The group reported a net loss of HKD 4,052,000 for the three months ended March 31, 2023, compared to a net loss of HKD 4,475,000 for the same period in 2022[8] - Other income for the three months ended March 31, 2023, was HKD 515,000, compared to HKD 572,000 in the previous year[10] - The group recorded a foreign exchange gain of HKD 2,687,000 from overseas operations for the three months ended March 31, 2023[10] - The company incurred a loss of HKD 4,052,000 during the period, compared to a loss of HKD 4,475,000 in the prior year[18] - The company reported a loss attributable to owners of the company of HKD 4,052,000 for the three months ended March 31, 2023, compared to a loss of HKD 4,475,000 for the same period in 2022[32] - The company reported a loss attributable to owners of approximately HKD 4,052,000 for the three months ended March 31, 2023, compared to a loss of approximately HKD 4,475,000 for the same period in 2022[51] Revenue Breakdown - For the three months ended March 31, 2023, the company reported total revenue of HKD 11,410,000, a 82% increase from HKD 6,275,000 in the same period of 2022[23] - Functional knitted fabric sales contributed HKD 3,677,000, up 34% from HKD 2,738,000 year-over-year[23] - Yarn sales surged to HKD 6,327,000, a significant increase from HKD 1,026,000 in the previous year, reflecting a 517% growth[23] - Sales of yarn significantly contributed to the revenue increase, rising by approximately HKD 5,301,000, although the gross margin for yarn sales was less than 3%[41] - Functional knitted fabric sales increased by HKD 939,000 or 34.3%, while clothing sales decreased by HKD 1,105,000 or 44.0% compared to the same period in 2022[45] Expenses and Costs - Sales and distribution expenses significantly increased due to salary increases and discretionary bonus payments[7] - Travel and entertainment expenses also rose significantly as the group increased in-person meetings with clients to maintain business relationships and explore potential collaborations[8] - Employee costs, excluding directors' remuneration, increased from HKD 3,226,000 in 2022 to HKD 3,329,000 in 2023[31] - The total employee costs for the three months ended March 31, 2023, were approximately HKD 4,206,000, compared to HKD 4,094,000 for the same period in 2022[58] - Sales and distribution expenses rose by approximately HKD 524,000 or 60.4% from about HKD 867,000 for the three months ended March 31, 2022, to approximately HKD 1,391,000 for the three months ended March 31, 2023, primarily due to increased sales personnel and related costs[48] - Administrative and other expenses decreased by approximately HKD 76,000 or 1.7% from about HKD 4,394,000 for the three months ended March 31, 2022, to approximately HKD 4,318,000 for the three months ended March 31, 2023[49] Dividends and Equity - The board does not recommend the payment of dividends for the three months ended March 31, 2023[8] - The company did not declare or propose any dividends for the three months ended March 31, 2023[34] - As of March 31, 2023, total equity attributable to owners decreased to HKD 126,385,000 from HKD 127,750,000 at the beginning of the year[18] - No dividends were recommended for the three months ended March 31, 2023, consistent with the same period in 2022[53] Taxation - The company did not recognize any taxable profits for the three months ended March 31, 2023, and therefore did not provide for Hong Kong profits tax[29] - The effective tax rate for the three months ended March 31, 2023, was 0%, as the company did not record any taxable profits[50] - The company has been recognized as a small micro-profit enterprise in China, qualifying for a 5% corporate income tax rate on taxable income below RMB 1,000,000[29] Corporate Governance - Cosmic Bliss holds 360,000,000 shares, representing a 75.00% equity interest in the company[65] - No directors or major shareholders have interests in any competing businesses as of March 31, 2023[66] - The Audit Committee has been established in compliance with GEM Listing Rules, consisting of three independent non-executive directors[67] - The company has adopted a set of guidelines for directors' securities transactions, confirming compliance by all directors for the period ending March 31, 2023[70] - The company has adhered to all applicable provisions of the Corporate Governance Code during the review period[72] Future Plans - The company aims to continue securing sales orders with existing customers while actively seeking new customers to expand its customer base[8] - The company plans to strengthen its R&D position and upgrade the quality standards of new functional fabrics while expanding its marketing efforts[42] Other Information - The company had no significant investment plans or capital asset plans as of the report date[54] - There were no significant acquisitions or disposals of subsidiaries or associates during the three months ended March 31, 2023[55] - No repurchase of listed securities occurred during the three months ended March 31, 2023[71]

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，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 ST INTERNATIONAL HOLDINGS COMPANY LIMITED 智紡國際控股有限公司 （於開曼群島註冊成立之有限公司） : 8521 （股份代號 ） 2023 年第一季度業績公告 智紡國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 2023 3 31 2023 欣然公佈本集團截至 年 月 日止三個月的未經審核季度業績。本公告載列本公司 年 GEM 第一季度報告全文，並遵守香港聯合交易所有限公司 證券上市規則中有關季度業績初步 公告隨附資料的相關規定。 代表董事會 智紡國際控股有限公司 主席 黃繼雄 2023 5 12 香港， 年 月 日 於本公告日期，董事會包括兩名執行董事，即黃繼雄先生及奚斌先生；一名非執行董事，即洪 BBS 育苗先生；及三名獨立非執行董事，即伍永亨先生、施榮懷先生， 太平紳士及方建達先生。 ...