Financial Performance - Revenue for 2023 was HK$1,227,190, a decrease of 8.1% from HK$1,335,549 in 2022[11] - Gross profit increased to HK$210,646, representing a gross profit margin of 17.2%, up from 14.6% in 2022[11] - Profit attributable to equity holders of the Company fell to HK$1,245, a decline of 91.8% compared to HK$15,134 in the previous year[11] - Basic and diluted earnings per share decreased to 1.2 HK cents from 15.1 HK cents in 2022[11] - The Group recorded revenue of HK$1,227.2 million for FY2023, a decrease of HK$108.3 million or 8.1% compared to FY2022's revenue of HK$1,335.5 million[33] - The gross profit for FY2023 was HK$210.6 million, an increase of HK$15.6 million or 8.0%, with a gross margin rising from 14.6% in FY2022 to 17.2% in FY2023[34] - Profit attributable to equity holders for FY2023 was HK$1.2 million, a significant decrease of HK$13.9 million or 92.1% from HK$15.1 million in FY2022[35] Assets and Liabilities - Current assets were HK$822,662, down from HK$866,773 in 2022, while current liabilities decreased to HK$748,322 from HK$794,879[11][17] - Non-current assets increased to HK$142,969 from HK$110,743 in 2022, indicating a growth in long-term investments[11][17] - The net gearing ratio improved to 12.0% from 21.2% in the previous year, reflecting a stronger balance sheet[11] - As of December 31, 2023, total bank borrowings were HK$292.6 million, up from HK$275.3 million in 2022, while cash and cash equivalents increased to HK$274.6 million from HK$242.2 million[49] - The Group's total net borrowings decreased to HK$18.0 million, resulting in a net gearing ratio of 12.0%, down from 21.2% in the previous year[50] - The Group's bank borrowings as of December 31, 2023, amounted to HK$240,116,000, with certain financial covenants not being met[166] - As of December 31, 2023, the Group had cash and cash equivalents of approximately HK$274,572,000, indicating no significant adverse impact from the financial covenant breaches[167] Expenses and Costs - The net financing costs increased by HK$5.1 million or 47.2% to HK$15.9 million in FY2023, primarily due to significant global interest rate rises[34] - The Group's sales and distribution expenses, along with administrative expenses, rose to HK$161.6 million, an increase of HK$11.8 million or 7.9%[34] - Selling and distribution and administrative expenses rose by HK$11.8 million, or 7.9%, totaling HK$161.6 million, primarily due to increased headcounts for product innovation marketing[39] - Total staff costs for FY2023 amounted to HK$223.5 million, down from HK$230.2 million in FY2022[71] Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[11] - Ongoing research and development efforts are aimed at enhancing product offerings and technological capabilities[11] - The R&D pipeline for 2024 has been significantly enriched compared to the previous year, reflecting the Group's commitment to business development[30] - The company aims to expand its market presence through strategic partnerships and acquisitions[95] - The company has a commitment to research and development, particularly in new product development[86] Management and Governance - The company has a strong management team with extensive experience in high technology companies listed in the US and Hong Kong[91] - The management team is responsible for driving business development and regulatory compliance in asset management services[95] - The financial management team is tasked with budget control and coordination of product implementation[86] - The Group's management team has extensive experience in procurement, supply chain, and operations management, contributing to its strategic direction[110][112] Corporate Actions and Compliance - The Group did not recommend any final dividend for FY2023, compared to HK$5.0 million in FY2022[48] - The Group has complied with relevant laws and regulations that significantly impact its business operations during the year under review[139] - The Group aims to maintain long-term, mutually beneficial relationships with suppliers to ensure reliable product delivery to customers[141] - The Company did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2023[180] Employee and Director Remuneration - The monthly remuneration for Mr. Raymond Chu increased from HK$380,000 to HK$405,000 effective January 1, 2024, reflecting a 6.58% increase[192] - The monthly remuneration for Mr. Chu Man Yin Arthur Newton increased from HK$100,000 to HK$125,000, representing a 25% increase effective January 1, 2024[195] - The monthly remuneration for Mr. Lau Shui Fung increased from HK$180,000 to HK$205,000, which is an increase of 13.89% effective January 1, 2024[195] - The independent non-executive directors' monthly remuneration increased from HK$30,000 to HK$33,000, a 10% increase effective January 1, 2024[196]

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 1,227,190, a decrease of 8.1% compared to HKD 1,335,549 in 2022[2] - Gross profit increased by 8.0% to HKD 210,646, with a gross margin of 17.2%, up 260 basis points from 14.6% in 2022[2] - Operating profit decreased by 33.4% to HKD 21,370 from HKD 32,107 in the previous year[2] - Profit attributable to equity holders of the company fell by 91.8% to HKD 1,245, down from HKD 15,134 in 2022[2] - Basic and diluted earnings per share dropped to 1.2 HK cents, a decline of 92.1% from 15.1 HK cents in 2022[2] - Revenue from the United States was HKD 460,323 in 2023, down from HKD 496,838 in 2022, a decrease of approximately 7.4%[25] - The company's profit attributable to equity holders for the year ended December 31, 2023, was HKD 1,245,000, a significant decrease of 91.8% compared to HKD 15,134,000 in 2022[37] - The basic and diluted earnings per share for 2023 were HKD 1.2, down from HKD 15.1 in 2022, reflecting the impact of a share consolidation that took place on September 16, 2022[37] - Net profit attributable to equity holders for fiscal year 2023 was HKD 1.2 million, a significant decrease of HKD 13.9 million or 92.1% from HKD 15.1 million in 2022[59] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 965,631, a slight decrease from HKD 977,516 in 2022[5] - Total liabilities decreased to HKD 815,338 from HKD 821,481 in the previous year[7] - Cash and cash equivalents increased to HKD 274,572 from HKD 209,823 in 2022[5] - Trade receivables decreased to HKD 297,822 from HKD 368,267 in the previous year[5] - Contract liabilities decreased to HKD 12,495 in 2023 from HKD 25,354 in 2022, indicating a reduction of approximately 50.8%[27] - Non-current assets in mainland China increased to HKD 124,081 in 2023 from HKD 82,758 in 2022, reflecting a growth of approximately 50.0%[29] - As of December 31, 2023, total bank borrowings were HKD 292.6 million, up from HKD 275.3 million in 2022, while cash and cash equivalents were HKD 274.6 million, an increase from HKD 242.2 million[62] - The net debt-to-equity ratio improved to 12.0% as of December 31, 2023, down from 21.2% in 2022[62] Financial Costs and Expenses - The company reported a net finance cost of HKD 15,885, up from HKD 10,794 in 2022[4] - The income tax expense for 2023 was HKD 4,240, slightly higher than HKD 4,179 in 2022[35] - The weighted average effective interest rate on bank borrowings increased to 6.8% in 2023 from 6.4% in 2022[49] - The company incurred total capital expenditures of HKD 13.8 million in fiscal year 2023, slightly down from HKD 14.6 million in 2022[64] Dividends and Shareholder Information - The company did not recommend any final dividend for the year ended December 31, 2023, compared to a final dividend of HKD 0.05 per share totaling HKD 5,000,000 for the previous year[40] - The company did not recommend any final dividend for fiscal year 2023, compared to HKD 5.0 million in 2022[61] - The annual general meeting for shareholders is scheduled for June 3, 2024[89] - The annual report for 2023 will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange website[90] Operational Changes and Future Outlook - The company anticipates monitoring its business performance closely while addressing ongoing challenges in the market[54] - The group is currently evaluating the impact of new accounting standards effective from January 1, 2024, with no significant impact expected on financial performance[20] - The group has adopted new accounting policies, resulting in a cumulative impact on long service liabilities as of December 31, 2022, which is not significant[16] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code, except for the separation of roles between the Chairman and CEO, which is held by the same individual since September 30, 2021[81] - The audit committee consists of three independent non-executive directors who reviewed the accounting principles and practices adopted by the group, discussing audit, internal control, risk management, and financial reporting matters[86] - The financial statements for the fiscal year 2023 have been verified by the auditor, confirming consistency with the audited consolidated financial statements[88] Joint Ventures and Investments - The company has entered into a joint venture agreement with Giken Sakata (S) Limited to promote electronic manufacturing services, leveraging production capabilities in Indonesia[55] - The company recorded a fair value impairment of HKD 29.4 million on convertible bonds issued by its joint venture, Talentone Technology Limited, affecting the profit before tax[54] Employee and Operational Metrics - The employee count decreased to approximately 1,600 as of December 31, 2023, from 1,700 in 2022, attributed to the 8.1% decline in revenue[75] - The company established derivative instruments to hedge its foreign exchange risks during fiscal year 2023[71] - There were no significant legal proceedings or contingent liabilities that could adversely affect the business as of December 31, 2023[65] Utilization of Proceeds - The net proceeds from the global offering amounted to approximately HKD 74.0 million after deducting underwriting fees and other related listing expenses[78] - As of December 31, 2023, the utilization of the net proceeds included HKD 8.9 million for increasing manufacturing capacity in Southeast Asia and China, and HKD 2.3 million for enhancing marketing capabilities in North America and Europe, totaling HKD 11.2 million utilized[79]

Revenue and Profitability - Revenue for the six months ended June 30, 2023, was HK$546.606 million, a slight decrease of 0.22% compared to HK$547.825 million in the same period of 2022[10]. - Gross profit increased to HK$76.585 million, representing a 4.1% increase from HK$73.513 million year-on-year[10]. - Operating profit decreased significantly to HK$4.470 million, down 51.8% from HK$9.266 million in the previous year[10]. - The loss attributable to equity holders of the Company for the period was HK$1.552 million, compared to a profit of HK$3.504 million in the previous year[10]. - Total comprehensive loss for the period attributable to equity holders was HK$3.404 million, contrasting with a total comprehensive income of HK$1.450 million in the same period of 2022[10]. - The company reported a comprehensive loss of HK$3,404,000 for the six months ended June 30, 2023, compared to a profit of HK$1,450,000 for the same period in 2022[20]. - Basic and diluted loss per share for the period was HK$0.0155, a decline from earnings of HK$0.0350 per share in the previous year[89]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023, following the approval of a final dividend of HK$5,000,000 for the year ended December 31, 2022[84]. Financial Position - Total assets as of June 30, 2023, amounted to HK$913.941 million, down from HK$977.516 million at the end of 2022, reflecting a decrease of 6.5%[13]. - Current assets decreased to HK$745.958 million from HK$866.773 million, a decline of 13.9%[13]. - Non-current assets increased to HK$167.983 million, up from HK$110.743 million, marking a significant increase of 51.6%[13]. - Total equity attributable to equity holders decreased to HK$147.631 million from HK$156.035 million, a decline of 5.7%[13]. - As of June 30, 2023, total liabilities decreased to HK$766,310,000 from HK$821,481,000 as of December 31, 2022, representing a reduction of approximately 6.7%[15]. - Current liabilities decreased to HK$688,283,000 from HK$794,879,000, indicating a decline of about 13.4%[15]. - Total equity as of June 30, 2023, was HK$147,631,000, down from HK$156,035,000 at the start of the year, a decrease of approximately 5.5%[20]. - Deferred tax liabilities decreased to HK$1,335,000 from HK$1,615,000, a reduction of about 17.4%[15]. Cash Flow and Financing - Net cash generated from operating activities decreased to HK$29,006,000 in 2023 from HK$53,404,000 in 2022, representing a decline of approximately 45.6%[22]. - Cash flows from investing activities showed a net inflow of HK$1,288,000 in 2023, a significant recovery from a net outflow of HK$27,307,000 in 2022[22]. - Proceeds from bank borrowings increased to HK$387,500,000 in 2023 compared to HK$376,476,000 in 2022, reflecting a growth of about 3.1%[22]. - Total repayments of bank borrowings rose to HK$425,830,000 in 2023 from HK$381,486,000 in 2022, indicating an increase of approximately 11.6%[22]. - The net cash used in financing activities was HK$62,848,000 in 2023, compared to HK$23,111,000 in 2022, marking a significant increase in cash outflow[22]. - Cash and cash equivalents at the end of the period decreased to HK$179,435,000 in 2023 from HK$209,489,000 in 2022, a decline of about 14.3%[22]. - Cash and bank balances were reported at HK$136,256,000 in 2023, down from HK$209,489,000 in 2022, reflecting a decrease of approximately 34.9%[22]. - The net finance costs rose to HK$6.880 million, compared to HK$4.062 million in the same period last year, indicating a 69.5% increase[10]. Revenue by Customer and Region - For the six months ended June 30, 2023, revenue from Customer A was HK$80,946,000, an increase of 21.9% from HK$66,417,000 in the same period of 2022[51]. - Revenue from Customer B decreased by 13.8% to HK$56,425,000 in 2023 from HK$65,442,000 in 2022[51]. - Total revenue for the Group from the United States was HK$197,802,000, up 2.3% from HK$192,448,000 in 2022[56]. - Revenue from the Philippines decreased by 14.3% to HK$86,450,000 in 2023 from HK$100,874,000 in 2022[56]. - The Group's revenue from Malaysia significantly increased to HK$65,037,000 in 2023 from HK$6,168,000 in 2022, marking a substantial growth[56]. - The Group's revenue from Switzerland rose to HK$34,628,000 in 2023, up from HK$23,433,000 in 2022, indicating a growth of 47.8%[56]. Expenses and Cost Management - Total expenses, including cost of sales, selling and distribution expenses, and administrative expenses, were HK$547,926,000, slightly up by 0.3% from HK$545,150,000 in 2022[68]. - Selling, distribution, and administrative expenses rose to approximately HK$77.9 million, an increase of approximately HK$7.1 million, primarily due to a one-off severance payment and increased marketing efforts[156]. - Raw materials used amounted to HK$393,448,000, representing an increase of 3.1% from HK$378,669,000 in the previous year[68]. Employee and Operational Metrics - As of June 30, 2023, the Group employed approximately 1,720 employees, an increase from 1,700 employees as of December 31, 2022[192][196]. - Total staff costs for the six months ended June 30, 2023, amounted to HK$101.4 million, a decrease from HK$230.2 million for the same period in 2022[192][196]. Economic Outlook and Strategic Initiatives - The outlook for 2024 indicates high uncertainty in the global economy, with potential challenges from ongoing geopolitical tensions and supply chain disruptions[158]. - The global economic outlook remains uncertain, with challenges from US-China tensions and the Russian-Ukraine War impacting future performance[165]. - The Group aims to enhance efficiency and build a diversified international customer base to mitigate potential customer retractions during economic downturns[166].

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 全部或任何部份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。 Wise Ally International Holdings Limited 麗 年 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：9918） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 公 告 摘要 截至6月30日止六個月 2023年 2022年 （未經審核） （未經審核） 千港元 千港元 變動 收益 546,606 547,825 -0.2% 毛利 76,585 73,513 4.2% 毛利率 14.0% 13.4% 60個基點 經營溢利 4,470 9,266 -51.8% EBITDA（附註1） 25,883 28,821 -10.2% 本公司權益持有人應佔 期內（虧損）╱溢利 (1,552) 3,504 -144.3% ...

Financial Performance - Revenue for 2022 reached HK$1,335,549, an increase of 27.5% compared to HK$1,047,330 in 2021[9] - Gross profit for the year was HK$194,954, slightly higher than HK$194,262 in the previous year[9] - Operating profit decreased to HK$32,107 from HK$34,978 in 2021, reflecting a decline of approximately 8%[9] - Profit attributable to equity holders of the Company was HK$15,134, down from HK$20,120 in 2021, representing a decrease of 25%[9] - Basic and diluted earnings per share were HK$15.1, compared to HK$20.1 in the prior year, a decline of 25%[9] - The gross profit margin decreased to 14.6% from 18.5%, and the net profit margin fell to 1.1% from 1.9%[9] - Return on equity dropped to 9.8% from 13.9%, indicating reduced profitability relative to equity[9] - The Group recorded a share of loss of HK$2.0 million in the joint venture Talentone Technology Limited (TTL) due to delays in test production[22] - The fair value impairment in the convertible bond as a financial asset was approximately HK$13.1 million, which did not affect the Group's cash flow condition[22] - The net financing costs increased by HK$3.3 million or 44.0% to HK$10.8 million in FY2022, primarily due to significant increases in global interest rates[32] - Profit attributable to equity holders decreased by 24.9% to HK$15.1 million from HK$20.1 million in FY2021, mainly due to losses in fair value of financial assets and increased cost of sales[39] Assets and Liabilities - Current assets increased to HK$866,773 from HK$798,815, while current liabilities rose to HK$794,879 from HK$726,397[9] - Non-current assets grew to HK$110,743 from HK$98,394, indicating a positive trend in long-term investments[9] - As of December 31, 2022, total bank borrowings were HK$275.3 million, up from HK$249.9 million in 2021, while cash and cash equivalents increased to HK$242.2 million from HK$207.3 million[47] - The net gearing ratio improved to 21.2% as of December 31, 2022, down from 27.9% in the previous year[48] Market Presence - The Group's largest market remains the United States, contributing HK$496.8 million or 37.2% of total revenue, despite a slight decline of 3.9% in sales[31] - The Group's products were shipped to over 25 countries and regions, maintaining a diverse market presence[31] - For FY2022, total revenue was HK$1.33 billion, with the U.S. contributing HK$496.8 million, representing 37.2% of total revenue, a decrease from 41.1% in FY2021[35] Operational Challenges - The Group's cost of sales increased significantly due to a severe shortage of critical components, which offset the revenue increase[21] - The outlook for 2023 indicates a challenging environment due to ongoing geopolitical tensions and economic uncertainties[24] - The company faced challenges due to COVID-19, impacting the timeline for the utilisation of unutilised proceeds, which are expected to be utilised by the end of 2023[144] Employee and Management - Total staff costs for FY2022 amounted to HK$230.2 million, an increase from HK$191.4 million in FY2021, with approximately 1,700 employees as of December 31, 2022[73][75] - The total number of employees increased from 1,300 in 2021 to approximately 1,700 in 2022, reflecting a growth in workforce[75] - The Group's management team has extensive backgrounds in electronics and manufacturing, with key roles in strategic planning and operational efficiency[121] - The leadership team has a strong educational background, with degrees from reputable universities, enhancing their strategic decision-making capabilities[125] Governance and Strategy - The Company has a strong governance structure with independent directors providing oversight and strategic guidance[99] - The Group aims to expand its market presence through the development of self-branded products and long-term partnerships[90] - The financial management team is focused on maintaining robust financial health and strategic resource allocation[97] - The Group's strategic direction is supported by a combination of experienced executives and a commitment to corporate governance[99] Capital Expenditures and Investments - Total capital expenditures for FY2022 were HK$14.6 million, a decrease from HK$16.9 million in FY2021[50] - The Group did not make or hold any significant investments during the year ended December 31, 2022, including any investment with a value of 5% or more of the Company's total assets[67] - The Group plans to establish production facilities in Southeast Asia and expand its manufacturing platform in the PRC, funded by a mix of internal resources, borrowings, and proceeds from the Global Offering[74][77] Use of Proceeds - The net proceeds from the Global Offering amounted to approximately HK$74.0 million, with no anticipated changes to the planned use of proceeds[140] - As of December 31, 2022, HK$52.8 million of the proceeds were allocated for various purposes, with HK$30.1 million remaining unutilised[142] - The company plans to increase production capacity in Southeast Asia and China, with HK$26.1 million allocated, of which HK$19.5 million remains unutilised, expected to be fully utilised by the end of 2023[142] Corporate Social Responsibility - The Group made a charitable donation totaling HK$521,500 during the reporting period[165] - The Group's environmental policies and performance are detailed in the "Environmental, Social and Governance Report" of the annual report[161] Shareholder Information - The company recommended a final dividend of HK$5.0 million for FY2022, consistent with the previous year[45] - The total number of issued shares was 100,000,000 at HK$0.2 each, following a share consolidation effective on September 16, 2022[70]

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 全部或任何部份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。 Wise Ally International Holdings Limited 麗 年 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：9918） 截 至2022年12月31日 止 年 度 之 全 年 業 績 公 告 摘要 截至12月31日止年度 2022年 2021年 千港元 千港元 變動 收益 1,335,549 1,047,330 27.5% 毛利 194,954 194,262 0.4% 毛利率 14.6% 18.5% –390基點 經營溢利 32,107 34,978 -8.2% 本公司權益持有人應佔年內溢利 15,134 20,120 -24.8% 每股基本及攤薄盈利 15.1港仙 20.1港仙 -24.9% （經重述） ...

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 全部或任何部份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。 Wise Ally International Holdings Limited 麗 年 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：9918） 截 至2022年12月31日 止 年 度 之 全 年 業 績 公 告 摘要 截至12月31日止年度 2022年 2021年 千港元 千港元 變動 收益 1,335,549 1,047,330 27.5% 毛利 194,954 194,262 0.4% 毛利率 14.6% 18.5% –390基點 經營溢利 32,107 34,978 -8.2% 本公司權益持有人應佔年內溢利 15,134 20,120 -24.8% 每股基本及攤薄盈利 15.1港仙 20.1港仙 -24.9% （經重述） ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$547,825,000, representing a 30% increase from HK$421,320,000 in the same period of 2021[12]. - Gross profit for the same period was HK$73,513,000, slightly up from HK$70,709,000, indicating a gross margin improvement[12]. - Operating profit turned positive at HK$9,266,000 compared to an operating loss of HK$5,954,000 in the previous year[12]. - Profit attributable to equity holders of the Company was HK$3,504,000, a significant recovery from a loss of HK$7,921,000 in the prior period[12]. - Basic and diluted earnings per share for the period were HK$0.18, recovering from a loss of HK$0.40 per share in the previous year[12]. - The total comprehensive income for the period was HK$1,450,000, compared to a total comprehensive loss of HK$5,836,000 in the previous year[20]. - The company reported a profit for the period of HK$3,504,000 for the six months ended June 30, 2022, compared to a loss of HK$7,921,000 in the same period of the previous year[20]. Assets and Liabilities - Total assets increased to HK$980,779,000 as of June 30, 2022, up from HK$897,209,000 at the end of 2021, reflecting a growth of approximately 9.3%[15]. - Total liabilities increased to HK$831,585,000 as of June 30, 2022, compared to HK$744,465,000 as of December 31, 2021, representing an increase of 11.7%[17]. - Current liabilities rose to HK$793,077,000, up from HK$726,397,000, indicating an increase of 9.1%[17]. - Total equity decreased to HK$149,194,000 as of June 30, 2022, down from HK$152,744,000 as of January 1, 2022, reflecting a decline of 2.3%[20]. - The balance of trade payables increased to HK$267,757,000 from HK$233,494,000, an increase of 14.7%[17]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended June 30, 2022, was HK$53,404,000, an increase of 102.5% compared to HK$26,427,000 in the same period of 2021[23]. - Net cash used in investing activities amounted to HK$27,307,000, compared to HK$11,541,000 in the prior year, reflecting a significant increase in investment outflows[23]. - Cash flows from financing activities resulted in a net cash outflow of HK$23,111,000, a decrease of 36.9% from HK$36,558,000 in the previous year[23]. - The company made a capital injection of HK$2,000,000 into a joint venture during the reporting period[23]. - The purchase of properties, plant, and equipment was HK$3,671,000, significantly lower than HK$11,682,000 in the previous year, indicating a reduction in capital expenditures[23]. Expenses and Costs - The company reported a decrease in selling and distribution expenses to HK$20,167,000 from HK$24,235,000, reflecting cost management efforts[12]. - Employee benefit costs and manpower service expenses rose to HK$110,731,000, reflecting a 22.5% increase from HK$90,423,000 in 2021[97]. - The total cost of sales, selling and distribution expenses, and administrative expenses amounted to HK$545,150,000, a 29.4% increase from HK$421,247,000 in the prior year[97]. Market and Revenue Breakdown - Revenue from major customers included Customer A contributing HK$66,417,000 and Customer B contributing HK$65,442,000, while Customer C and Customer D did not contribute over 10% of total revenue in the current period[84]. - Revenue by geographical location showed the United States contributing HK$192,448,000, slightly down from HK$192,734,000 in 2021, while the Philippines saw a significant increase from HK$39,391,000 to HK$100,874,000[87]. Financial Management and Compliance - The Group will adopt new and amended standards effective from January 1, 2023, including HKFRS 17 and amendments to HKAS 1, which are not expected to have a significant impact on the Group's financial position and results of operations[41][45]. - The Group's management has performed a preliminary assessment of the new standards and does not anticipate any significant impact on financial results[45]. - The Group will continue to monitor the impact of new standards and amendments as they become effective[45]. Other Financial Metrics - The company declared a dividend of HK$5,000,000 during the period, impacting retained earnings[20]. - The company paid dividends of HK$5,000,000, which is a 50% reduction compared to HK$10,000,000 paid in the same period of 2021[23]. - The Group's net capital debt ratio improved to 23.6% as of June 30, 2022, from 27.9% as of December 31, 2021[200].

Financial Performance - Revenue for 2021 reached HK$1,047,330, an increase of 27.8% from HK$819,503 in 2020[12] - Gross profit for the year was HK$194,262, representing a gross profit margin of 18.5%[12] - Operating profit increased to HK$34,978, compared to HK$14,692 in the previous year, marking a significant growth[12] - Profit attributable to equity holders of the Company was HK$20,120, a substantial rise from HK$1,451 in 2020[12] - Basic and diluted earnings per share improved to HK$0.01 from HK$0.0007 in the prior year[12] - For FY2021, the Group recorded total revenue of HK$1,047.3 million, an increase of HK$227.8 million or 27.8% compared to FY2020 revenue of HK$819.5 million[20] - The profit attributable to equity holders for FY2021 was HK$20.1 million, a significant increase of HK$18.7 million or 1,286.6% from FY2020's profit of HK$1.5 million[21] - In the first half of FY2021, the Group's revenue was HK$421.3 million, with a loss of HK$7.9 million due to global supply chain disruptions and semiconductor shortages[24] - In the second half of FY2021, the Group achieved revenue of HK$626.0 million and a profit of HK$28.0 million, benefiting from a rebound in the global economy[20] Assets and Liabilities - Current assets increased to HK$798,815, up from HK$637,049 in 2020, while current liabilities rose to HK$726,397 from HK$582,013[12] - Equity attributable to equity holders of the Company grew to HK$152,744, compared to HK$137,705 in 2020[12] - The net gearing ratio increased to 27.9% from 19.7% in 2020, indicating a rise in financial leverage[12] - As of December 31, 2021, the Group's bank borrowings were HK$249.9 million, down from HK$261.5 million in the previous year[49] - The Group's total net borrowings amounted to HK$42.6 million as of December 31, 2021, compared to HK$27.1 million at the end of FY2020, resulting in a net gearing ratio of 27.9%[50] Expenses and Costs - Selling and distribution and administrative expenses increased to HK$145.9 million in FY2021, reflecting an increase of HK$10.2 million or 7.5% compared to FY2020[41] - Net finance costs decreased by HK$3.7 million or 33.0% to HK$7.5 million in FY2021, primarily due to the repayment of certain revolving and term loans[41] - Total capital expenditures for FY2021 were HK$16.9 million, a decrease from HK$19.4 million in FY2020[52] - Total staff costs for FY2021 amounted to HK$191.4 million, an increase from HK$160.8 million in FY2020, reflecting a rise of approximately 19.6%[68] Future Outlook and Strategy - Future outlook includes potential market expansion and new product development strategies to sustain growth[12] - The company plans to introduce new pipeline products to attract new customers and develop its own brand products as a strategic direction[30] - The Group plans to establish production facilities in Southeast Asia and expand its manufacturing platform in the PRC, funded by a mix of internal resources, borrowings, and proceeds from the Global Offering[76] - The Group's future plans include enhancing research and development capabilities for IoT-related solutions in China[76] Governance and Management - The Company is committed to corporate governance and strategic planning, with a structured board and committee system in place[84] - The Group's leadership includes family members, indicating a strong internal governance structure[87] - The management team includes experienced professionals with backgrounds in engineering, finance, and product development, enhancing the Group's operational capabilities[90][100] - Mr. Raymond Chu has been the Chief Executive Officer since September 30, 2021, and is responsible for strategic planning and major decision-making[84] - Mr. Lau Shui Fung was appointed as Chief Financial Officer on October 31, 2021, bringing over 20 years of experience in accounting and finance from high-tech companies[95] Market Presence and Collaborations - A collaboration with Talentone Technology Limited has been established, which is licensed by a Fortune 100 company to use its trademark in certain products, potentially expanding the Group's market presence[32] - The licensed trademark is distributed in over 1,200 locations across more than 70 countries, which could significantly enhance the Group's capabilities and business footprint[33] Shareholder Information - The Board recommended a final dividend of HK$0.0025 per share for FY2021[26] - A final dividend of HK$5.0 million, representing HK$0.0025 per ordinary share, is proposed for the year ended December 31, 2021[156] - The Company has no arrangements for shareholders to waive any dividends[157] Environmental and Social Responsibility - The Group is committed to environmental responsibility, with detailed policies and performance metrics outlined in the Environmental, Social and Governance Report[166] - The Group aims to maintain strong relationships with employees, customers, and suppliers, emphasizing quality and reliability in its products and services[176] - During the reporting period, the Group made charitable donations totaling HK$13,000[178] Challenges and Risks - The ongoing geopolitical tensions and inflationary pressures are expected to pose challenges for the Group in the near future[30] - Due to COVID-19, the unutilized proceeds for expansion plans are expected to be utilized by the end of 2023[149]

WISE ALLY International Holdings Limited 麗年國際控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號 : 9918 INTERIM REPORT 2021 中期報告 Wise Ally International Holdings Limited 麗年國際控股有限公司 www.wiseally.com.hk 目 錄 Contents | 公司資料 | 2 | Corporate Information | | --- | --- | --- | | 簡明綜合全面虧損表 | 4 | Condensed Consolidated Statement of | | | | Comprehensive Loss | | 簡明綜合財務狀況表 | 5 | Condensed Consolidated Statement of | | | | Financial Position | | 簡明綜合權益變動表 | 7 | Condensed ...