智通财经APP讯，高科桥(09963)发布公告，集团预期于本期间(截至2025年6月30日止6个月)将会产生综 合净亏损介乎约1200万港元至1300万港元，而比较截至2024年6月30日止6个月则产生综合净亏损约1370 万港元。 根据目前可取得资料，董事初步认为造成集团于本期间的预期综合净亏损主要由于以下净因素的效应所 致：(i) 销售收入减少;及 (ii)由于人民币、泰铢、美元和港元汇率波动导致汇兑盈利增加。 ...

根据目前可取得资料，董事初步认为造成集团于期间的预期综合净亏损主要由于以下净因素的效应所 致：(i)销售收入减少；及(ii)由于人民币、泰铢、美元和港元汇率波动导致汇兑盈利增加。 格隆汇8月22日丨高科桥(09963.HK)公布，集团预期于2025年上半年将会产生综合净亏损介乎约1200万 港元至1300万港元，而比较2024年同期则产生综合净亏损约1370万港元。 ...

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之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 TRANSTECH OPTELECOM SCIENCE HOLDINGS LIMITED 高科橋光導科技股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：9963） 承董事會命 高科橋光導科技股份有限公司 何興富 主席 香港，二零二五年八月二十二日 盈利警告 本公佈乃高科橋光導科技股份有限公司（「本公司」，連同其附屬公司統 稱為「本集團」）根據香港聯合交易所有限公司證券上市規則（「上市規 則」）第13.09 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（定義見上市規則）作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」） 及其潛在投資者，根據董事會就本集團截至二零二五年六月三十日止六個 月（「本期間」）之未經審核綜合管理賬目及目前可取得資料所作出的初 步評估，本集團預期於本期間將會產生綜合淨虧損介乎約12.0百萬港元至 13.0百萬港元，而比較截 ...

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，並明確表示概不就因 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。 TRANSTECH OPTELECOM SCIENCE HOLDINGS LIMITED 高科橋光導科技股份有限公司 (於開曼群島註冊成立之有限公司) 何興富 主席 香港， 二零二五年八月十八日 1. 考慮及批准本公司及其附屬公司截至二零二五年六月三十日止 六個月之未經審核業績 (該"中期業績"); 2. 考慮及批准將於香港聯合交易所有限公司網站及本公司網站刊 登有關該中期業績之公佈； 3. 考慮及批准派發股息（如有）; 4. 考慮及批准暫停辦理股份過戶登記手續（如需要）;及 5. 處理任何其他事項。 董事會會議通告 高科橋光導科技股份有限公司（「本公司」）董事會（「董事會」）謹此 宣佈，將於 二零二五年八月二十七日（星期三）假座香港北角英皇 道510號港運大廈7樓7A室舉行董事會會議，藉以處理下列事項: 承董事會命 高科橋光導科技股份有限公司 於本公告日期，本公司執行董事為何興富先生、任国棟先生、徐進 ...

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: 高科橋光導科技股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 09963 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 260,000,000 | | | | 260,000,000 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 260,000,000 | | 0 | | 260,000,000 | 第 2 頁 共 10 頁 v 1.1.1 | 1. 股份分類 | 普通股 ...

Financial Performance - Total revenue decreased by approximately 15.0% to about HKD 148.0 million for the year ended December 31, 2024, compared to HKD 174.2 million in 2023[9]. - Gross loss amounted to approximately HKD 0.3 million, a decrease of about 101.7% from a gross profit of approximately HKD 17.5 million in 2023[9]. - The company reported a net loss attributable to shareholders of approximately HKD 94.8 million, an increase of about 47.8% from a loss of HKD 64.2 million in 2023[10]. - The gross profit margin declined from approximately 10.0% in 2023 to a gross loss margin of about 0.2% in 2024, resulting in a gross loss of approximately HKD 0.3 million[29]. - The loss attributable to the company's owners increased by approximately 47.7% to about HKD 94.8 million in 2024, compared to a loss of HKD 64.2 million in 2023[20]. - The total expenses attributable to the company owners increased by approximately 52.7% to about HKD 95.6 million in 2024, compared to HKD 62.6 million in 2023[20]. - The financial asset impairment loss increased by approximately 165.2% to about HKD 47.2 million in 2024, compared to HKD 17.8 million in 2023[30]. - The company's revenue for the fiscal year 2024 was approximately HKD 148.0 million, a decrease of about 15.0% compared to HKD 174.2 million in fiscal year 2023, while total assets decreased by approximately 23.6% to HKD 395.0 million[58]. Sales and Operations - Fiber optic sales faced challenges with no external sales recorded in the fiscal year 2024, while cable prices and sales volumes decreased by 7.0% and 3.2%, respectively[15]. - The company plans to install several production lines in its existing factory in Hong Kong to manufacture optical cables, aiming to enhance productivity in both Hong Kong and Thailand[22]. - The new butterfly-shaped optical cable production project is expected to achieve an annual production capacity of 200,000 core kilometers and an annual output value of HKD 40 million, targeting the optical fiber access market in Hong Kong and ASEAN[22]. - The company will continue to promote the development of the digital economy and upgrade the optical communication market and technology by 2025[24]. - The revenue from sales of optical fibers to a customer in Thailand decreased from approximately HKD 53.5 million to about HKD 35.2 million, while sales to overseas customers increased from approximately HKD 53.8 million to HKD 58.0 million[27]. Assets and Liabilities - Non-current assets decreased to HKD 244.7 million in 2024 from HKD 265.4 million in 2023[11]. - Current assets decreased significantly to HKD 150.4 million in 2024 from HKD 251.7 million in 2023[11]. - As of December 31, 2024, the group's cash and cash equivalents amounted to approximately HKD 17.8 million, compared to about HKD 14.5 million as of December 31, 2023[40]. - The total bank borrowings as of December 31, 2024, were approximately HKD 25.3 million, down from about HKD 37.6 million as of December 31, 2023[41]. - The debt ratio decreased from approximately 8.3% as of December 31, 2023, to about 7.1% as of December 31, 2024, primarily due to a greater percentage decrease in bank borrowings compared to the total equity reduction caused by the loss during the year[42]. Employee and Workforce - The total employee cost for the fiscal year 2024 was approximately HKD 22.8 million, down from about HKD 25.0 million in fiscal year 2023, with the number of employees decreasing from 174 to 157[50]. - As of December 31, 2024, the total number of employees is 157, a decrease from 174 in 2023, representing a reduction of approximately 9.77%[194]. - The employee turnover rate for the group is 29.30%, up from 16.67% in 2023, indicating a significant increase in turnover[199]. - The number of employees under 30 years old increased to 50 (32%) in 2024 from 48 (28%) in 2023, while those aged 30-50 decreased to 101 (64%) from 119 (68%) in the same period[195]. - The gender distribution shows 54% male (84 employees) and 46% female (73 employees) as of December 31, 2024, compared to 45% male and 55% female in 2023[196]. Corporate Governance - The company has complied with the corporate governance code and continues to review and improve its governance practices[80]. - The company has not separated the roles of Chairman and CEO, believing that this arrangement aids in executing business strategies effectively[81]. - The company will continue to regularly review and monitor its corporate governance practices to ensure compliance with the corporate governance code and maintain a high level of corporate governance[82]. - All directors have confirmed compliance with the standard code of conduct for securities transactions for the year ending December 31, 2024[83]. - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring compliance with listing rules regarding board composition[87]. Environmental, Social, and Governance (ESG) - The ESG report outlines the company's commitment to sustainability and its performance in environmental, social, and governance measures for the fiscal year from January 1, 2024, to December 31, 2024[139]. - The company has established a governance structure that integrates ESG considerations into its decision-making processes, with the board retaining ultimate oversight of ESG issues[141]. - The report adheres to the ESG reporting guidelines set by the Hong Kong Stock Exchange, ensuring compliance with mandatory disclosure requirements[144]. - The company emphasizes the importance of stakeholder feedback to continuously improve its ESG performance and has engaged third-party professionals for materiality assessments[153]. - The total emissions of nitrogen oxides (NOx) for the year 2024 were 93.40 kg, compared to 92.61 kg in 2023, indicating a slight increase[163]. Emissions and Resource Management - Total greenhouse gas emissions decreased from 3,225.52 thousand kg CO2 equivalent in 2023 to 2,387.39 thousand kg CO2 equivalent in 2024, representing a reduction of approximately 26%[167]. - The recycling rate for mixed metals improved to 98.21% in 2024 from 89.00% in 2023, while the recycling rate for paper increased to 99.66% from 96.3%[170]. - The company has implemented various measures to reduce emissions from vehicle exhaust, including using unleaded and low-sulfur fuels and optimizing routes to reduce fuel consumption[165]. - The company has established an environmental management system certified to ISO 14001:2015 to regulate its environmental management practices[161]. - The company aims to enhance resource efficiency and reduce its carbon footprint by closely monitoring monthly energy and water consumption[174].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of HKD 148,017,000, a decrease of 15% from HKD 174,208,000 in the previous year[2]. - The company experienced a gross loss of HKD 275,000 compared to a gross profit of HKD 17,465,000 in the prior year[3]. - The net loss attributable to shareholders was HKD 94,846,000, worsening from a loss of HKD 64,222,000 in the previous year, representing a 48% increase in losses[3]. - Basic loss per share increased to HKD 36.48 from HKD 24.70, reflecting a significant decline in profitability[3]. - Total revenue decreased from approximately HKD 174.2 million for the year ended December 31, 2023, to approximately HKD 148.0 million for the year ended December 31, 2024[34]. - The group's gross profit decreased from approximately HKD 17.5 million for the year ended December 31, 2023, to a gross loss of approximately HKD 0.3 million for the year ending December 31, 2024, resulting in a gross margin decline from about 10.0% to a gross loss margin of approximately 0.2%[36]. - The company reported a loss attributable to shareholders of approximately HKD 94.8 million for the year ending December 31, 2024, compared to a loss of approximately HKD 64.2 million for the year ended December 31, 2023[44]. Assets and Liabilities - Total assets decreased from HKD 450,918 million in 2023 to HKD 355,592 million in 2024, representing a decline of approximately 21.1%[4]. - Current assets decreased from HKD 251,744 million in 2023 to HKD 150,360 million in 2024, a reduction of about 40.2%[4]. - Current liabilities decreased from HKD 66,188 million in 2023 to HKD 39,439 million in 2024, showing a decrease of approximately 40.4%[4]. - Non-current assets decreased from HKD 265,362 million in 2023 to HKD 244,671 million in 2024, a decline of about 7.8%[4]. - Total equity decreased from HKD 450,362 million in 2023 to HKD 354,759 million in 2024, representing a decline of about 21.2%[5]. - The company’s bank borrowings decreased from HKD 37,564 million in 2023 to HKD 25,300 million in 2024, a reduction of approximately 32.6%[4]. Revenue Segmentation - The segment loss for the fiber optic and related products division was HKD 84,171,000 for the fiscal year ending December 31, 2024, compared to a loss of HKD 59,398,000 for the previous year, reflecting an increase in losses[15][16]. - The company reported a total segment revenue of HKD 162,466,000 for the fiber optic division, which includes inter-segment sales of HKD 14,449,000[15]. - The revenue from fiber optic sales was HKD 143,727,000 for the fiscal year ending December 31, 2024, compared to HKD 159,093,000 for the previous year, showing a decline of approximately 10%[12]. Expenses and Costs - The company recognized a total of HKD 142,802,000 in cost of goods sold for 2024, compared to HKD 154,120,000 in 2023[21]. - Employee benefits costs totaled HKD 22,841,000 in 2024, down from HKD 25,035,000 in 2023[21]. - Interest expenses on bank loans decreased to HKD 1,590,000 in 2024 from HKD 1,891,000 in 2023[20]. - Selling and distribution expenses decreased by approximately 5.4%, from about HKD 3.7 million for the year ended December 31, 2023, to approximately HKD 3.5 million for the year ending December 31, 2024, primarily due to reduced sales commission expenses[40]. - Management expenses decreased by approximately 6.6%, from about HKD 19.7 million for the year ended December 31, 2023, to approximately HKD 18.4 million for the year ending December 31, 2024, mainly due to reductions in depreciation and other expenses[41]. Accounting Standards and Compliance - The company adopted new accounting standards effective from January 1, 2024, which classify liabilities as current or non-current[7]. - The company anticipates that the adoption of new accounting standards will not have a significant impact on the consolidated financial statements[11]. - The company has not yet applied the new accounting standards and interpretations that may be relevant to its operations, which are set to take effect after December 31, 2024[11]. - The independent auditor has issued an unqualified conclusion regarding the continuing connected transactions, confirming they were conducted on normal commercial terms[77]. Market and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings[19]. - The company plans to enhance production capacity in both Hong Kong and Thailand to meet the increasing demand for optical fibers driven by the development of communication infrastructure[87]. - The implementation of 5G construction, data centers, and other applications is expected to continue driving market demand for optical fibers[88]. - The company anticipates steady recovery in the Chinese telecommunications industry in 2025, presenting more collaboration opportunities[89]. - The global macroeconomic environment remains risky, and the optical fiber and cable industry is highly cyclical, closely related to the investment intensity of telecom operators[91]. Corporate Governance and Compliance - The company is committed to adhering to the highest standards of corporate governance and ensuring the rights and interests of all shareholders[96]. - The company has confirmed compliance with the GEM Listing Rules regarding continuing connected transactions, with independent non-executive directors reviewing these transactions[78]. - The group has maintained good relationships with key stakeholders, including employees, customers, and suppliers, with no significant disputes reported as of December 31, 2024[104]. Miscellaneous - The board of directors has resolved not to declare a final dividend for the fiscal year ending December 31, 2024[2]. - The company has not repurchased any listed securities since its listing and has not bought, canceled, or sold any listed securities[95]. - The group has not made any charitable donations for the year ending December 31, 2024, consistent with the previous year[106].

Transtech Optelecom Science Holdings Limited 高科橋光導科技股份有限公司 (於開曼群島註冊成立之有限公司) 股份代號:9963 中期報告 2024 目 錄 目 錄 公司資料 2 | --- | --- | |------------------------------|-------| | | | | 財務摘要 | | | 簡明合併損益及其他全面收益表 | | | 簡明合併財務狀況表 | | | 簡明合併權益變動表 | | | 簡明合併現金流量表 | | | 未經審核簡明合併財務報表附註 | | | 管理層討論及分析 | | | 其他資料 | | | | | 公司資料 劉少恒先生 | --- | --- | |----------------------------------------|-----------------------------------| | | | | 董事曾 | 授權代表 | | 執行董事 何興富先生(主席兼行政總裁) | 何興富先生 何焯偉先生(敦梨會計師) | | 任國棟先生 徐進捷先生 | 合規主任 | | 尹 洲先生 | 何興富先 ...

Financial Performance - Total revenue decreased by approximately 25.2% to about HKD 174.2 million for the year ended December 31, 2023, compared to HKD 232.8 million in 2022[9]. - Gross profit decreased by approximately 41.5% to about HKD 17.5 million, with a gross margin reduction of about 2.8% to approximately 10.0%[9]. - The total comprehensive expenses attributable to the company's owners decreased by approximately 24.1% to about HKD 62.6 million, down from HKD 82.5 million in 2022[9]. - The company reported a net loss of HKD 64.2 million for the year ended December 31, 2023, compared to a loss of HKD 70.8 million in 2022[10]. - The gross profit margin declined from approximately 12.8% in 2022 to about 10.0% in 2023, representing a decrease of about 2.8%[19]. - The net loss attributable to the company's owners was approximately HKD 64.2 million for the year ended December 31, 2023, a reduction of about 9.3% from a loss of HKD 70.8 million in 2022[19]. - The sales cost decreased by approximately 22.8% to about HKD 156.7 million, primarily due to reduced procurement and sales volumes[28]. - Financial asset impairment losses decreased by approximately 74.6% to about HKD 17.8 million, down from HKD 70.1 million in the previous year[30]. - The group reported a foreign exchange loss of approximately HKD 12.8 million for the year ended December 31, 2023, compared to a loss of approximately HKD 7.2 million for the previous year, primarily due to fluctuations in exchange rates among CNY, HKD, THB, and USD[34]. - Selling and distribution expenses decreased by approximately 32.7% from about HKD 5.5 million in the previous year to about HKD 3.7 million, mainly due to reduced transportation and export costs[35]. - Management expenses decreased from approximately HKD 20.7 million to about HKD 19.7 million, a reduction of about 4.8%, primarily due to lower employee costs and auditor fees[36]. - Financing costs decreased from approximately HKD 2.4 million to about HKD 1.9 million, attributed to reduced interest on bank borrowings and lease liabilities[38]. - As of December 31, 2023, the group's cash and cash equivalents were approximately HKD 14.5 million, down from approximately HKD 58.2 million in the previous year[41]. - Total bank borrowings as of December 31, 2023, amounted to approximately HKD 37.6 million, a decrease from approximately HKD 55.8 million in the previous year[42]. - The debt-to-equity ratio improved from approximately 10.9% to about 8.3% due to a reduction in bank borrowings and a decrease in total equity resulting from losses during the year[44]. - The company’s total assets decreased from approximately HKD 610.2 million in 2022 to approximately HKD 517.1 million in 2023, a reduction of about 15.3%[61]. Operational Developments - The subsidiary in Thailand is continuing to build a new factory for business expansion, with the estimated production start date postponed to January 2025[18]. - The company plans to adjust its operational model to a vertical structure, focusing on selling most products to a subsidiary in Thailand to maintain raw material supply[21]. - The company aims to enhance its competitiveness and market share while exploring new business growth points and adjusting its product and market structure[24]. - The company will continue to seek opportunities to integrate the optical fiber and cable industry chain and optimize its industry structure[23]. - The company plans to construct a new factory in Thailand as its only significant future investment and capital asset plan[62]. - The company has not reported any significant acquisitions or disposals of subsidiaries or associated companies during the fiscal year ending December 31, 2023[63]. Corporate Governance - The company has combined the roles of Chairman and CEO since July 1, 2023, which deviates from corporate governance code provisions but is believed to enhance operational efficiency[87]. - The company has adopted the standard code of conduct for directors regarding securities trading, confirming compliance by all directors for the year ending December 31, 2023[88]. - The company has arranged liability insurance for directors, enhancing risk mitigation capabilities, with annual reviews of the insurance coverage[89]. - The board consists of seven directors, including four executive directors and three independent non-executive directors, ensuring compliance with listing regulations[94]. - The board held one annual general meeting, seven board meetings, five audit committee meetings, one remuneration committee meeting, and two nomination committee meetings during the year ending December 31, 2023[100]. - All independent non-executive directors have confirmed their independence in accordance with listing rules[96]. - The board is responsible for overseeing the group's business operations, strategic planning, and financial performance, with specific responsibilities delegated to executive directors and senior management[103]. - The company secretary has maintained detailed records of all board meetings, ensuring transparency and accountability[105]. - Directors are required to abstain from voting on transactions in which they or their close associates have a significant interest, as per the company's articles of association[106]. - The board of directors has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee various aspects of the group's affairs and assist in executing board responsibilities[117]. - The Audit Committee held five meetings during the fiscal year ending December 31, 2023, with all members attending each meeting[118][119]. - The Remuneration Committee conducted one meeting in the fiscal year ending December 31, 2023, to review the company's remuneration policies[120][123]. - The Nomination Committee held two meetings in the fiscal year ending December 31, 2023, to review the composition of the board and the qualifications of directors standing for re-election[126][128]. - All directors participated in continuous professional development and provided training records for the fiscal year ending December 31, 2023[112]. - The company ensures compliance with the latest developments in listing rules and regulatory requirements to enhance corporate governance practices[113]. - The board meetings are held at least four times a year, approximately once per quarter, ensuring effective communication among all directors[114]. - The attendance record for board meetings in 2023 shows that all executive directors attended all meetings[115]. - The company has adopted a written terms of reference for the Remuneration Committee in compliance with corporate governance codes[120]. - The Nomination Committee is responsible for reviewing the board's structure and diversity at least annually[126]. - The company has adopted a nomination policy to enhance board diversity and governance standards[129]. - The board aims to appoint at least one female director by December 31, 2024, to achieve gender diversity[134]. - For the fiscal year ending December 31, 2023, the total fees paid to external auditors for audit services amounted to HKD 900,000, with non-audit services totaling HKD 41,000, resulting in a total of HKD 941,000[135]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report covers the group's overall performance in environmental and social aspects, including operations in Hong Kong and Thailand, with no significant changes compared to the previous fiscal year ending December 31, 2023[153]. - The report adheres to the ESG reporting guidelines set by the Hong Kong Stock Exchange, ensuring compliance with mandatory disclosure requirements[154]. - The company has followed three reporting principles: "Materiality," "Quantification," and "Consistency" in preparing the ESG report[155]. - A materiality assessment was conducted to identify relevant ESG issues, which were evaluated for their significance and confirmed by the board of directors[156]. - Key performance indicators were measured and disclosed according to applicable quantitative standards and practices, with details provided in the "Environmental Protection" section of the ESG report[157]. - The methodology for this year's ESG report remains consistent with previous years, with any significant changes listed accordingly[158]. - The board of directors oversees the ESG strategy and report, assessing ESG risks and ensuring effective risk management and internal control systems are in place[162]. - Stakeholder engagement is crucial for identifying important ESG issues, with regular dialogues to align with stakeholder expectations and improve ESG performance[164]. - The company has established communication channels to gather stakeholder feedback on ESG matters, ensuring continuous improvement in ESG performance[163]. - A prioritization of ESG issues was conducted, categorizing them based on their potential impact on the business and stakeholders[166]. - Total greenhouse gas emissions for the year 2023 amounted to 3,225.52 tons of CO2 equivalent, a decrease from 4,887.35 tons in 2022, representing a reduction of approximately 34%[176]. - The overall greenhouse gas emission density decreased to 0.10 tons of CO2 equivalent per square meter in 2023, down from 0.15 in 2022, indicating improved operational efficiency[176]. - Nitrogen oxides (NOx) emissions decreased to 92.61 kg in 2023 from 148.85 kg in 2022, reflecting a reduction of approximately 38%[172]. - The company achieved a total of 0.72 kg of sulfur oxides (SOx) emissions in both 2022 and 2023, maintaining consistent levels[172]. - Particulate matter (PM) emissions were reduced to 8.70 kg in 2023 from 13.43 kg in 2022, marking a decrease of about 35%[172]. - The company’s energy indirect emissions from purchased electricity accounted for 96.15% of total greenhouse gas emissions in 2023, down from 97.43% in 2022[177]. - The main sources of greenhouse gas emissions were identified as carbon dioxide and nitrogen oxides, with 96.15% of emissions attributed to electricity consumption[176]. - The company produced 0.2 tons of hazardous waste from non-halogenated solvents in 2023, consistent with the previous year[179]. - Measures implemented to reduce vehicle emissions include optimizing routes and regular vehicle maintenance, contributing to lower overall emissions[175]. - The company has established an environmental management system compliant with ISO 14001:2015 to regulate its environmental practices[170]. - In the fiscal year 2023, the total amount of non-hazardous waste generated was 102.31 tons, with a recycling rate of 89.00% for mixed metals and 96.00% for waste optical fibers[180]. - The recycling rate for paper increased to 96.3% in 2023, compared to 94.43% in 2022, while the recycling rate for plastics rose to 89.00% from 47.55%[180]. - The total energy consumption in 2023 was 6,471,110 kWh for purchased electricity, a decrease from 9,823,024 kWh in 2022, resulting in an energy usage density of 7.7674 kWh per core kilometer[188]. - Diesel consumption decreased to 27,140 liters in 2023 from 30,623 liters in 2022, with an energy usage density of 0.032577 kWh per core kilometer[188]. - Water consumption was 21,121 cubic meters in 2023, a slight decrease from 23,686 cubic meters in 2022, with a water usage density of 0.025352 cubic meters per core kilometer[190]. - The company consumed 22.19 tons of fiber optic spools in 2023, down from 44.01 tons in 2022, and 9.16 tons of cardboard boxes, reduced from 21.26 tons[192]. - The company implemented measures to reduce paper consumption, including encouraging double-sided printing and using digital communication methods[183]. - The company is actively seeking qualified wood recycling vendors to ensure proper handling of wood waste, as no suitable vendors were found in 2023[181]. - The company aims to enhance resource efficiency and reduce carbon footprint by closely monitoring monthly energy and water consumption[184]. - The company has committed to using biodegradable and recyclable packaging materials, with a focus on reducing unnecessary packaging[192]. - The company emphasizes environmental sustainability by integrating environmental protection concepts into internal management and daily operations[194]. - The company has implemented greening initiatives at its production sites, improving air quality and reducing noise levels, which enhances the working environment for employees[195]. - The production process does not generate significant noise, complying with noise emission standards by operating primarily during the day[196]. - There are no plans for factory expansions that threaten natural habitats or biodiversity, with ongoing investments in eco-friendly production technologies[197]. - The company actively monitors and prevents wastewater generation, adhering to relevant laws and regulations despite not producing large amounts of wastewater[198]. - The company recognizes the importance of identifying and mitigating climate-related risks, implementing risk management policies to address potential impacts on business operations[199]. - Regular checks are conducted on faucets and drinking machines to prevent water leakage, promoting water conservation among employees[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 232,753,000, a decrease from HKD 174,208,000 in the previous year, representing a decline of approximately 25.1%[2] - Gross profit for the year was HKD 17,465,000, compared to HKD 29,860,000 in the previous year, indicating a decrease of about 41.3%[4] - The company reported a loss attributable to shareholders of HKD 64,222,000, an improvement from a loss of HKD 70,820,000 in the previous year, reflecting a reduction of approximately 9.1%[4] - Basic loss per share for the year was HKD 24.70, compared to HKD 27.24 in the previous year, showing a slight improvement[4] - Total comprehensive loss for the year amounted to HKD 62,555,000, compared to HKD 82,448,000 in the previous year, reflecting an improvement of about 24.2%[4] - The adjusted pre-tax loss for the group was HKD 65,247,000, compared to HKD 68,156,000 in the previous year[25][27] - The company recorded a significant increase in sales for the optical fiber segment, rising from HKD 25,933,000 to HKD 1,319,000 in the current year[24] - The company reported a significant increase in the impairment loss on trade receivables, amounting to HKD 11,417,000 for the year ending December 31, 2023, compared to a recovery of HKD 59,491,000 in the previous year[33] Assets and Liabilities - Non-current assets increased to HKD 231,169,000 from HKD 134,702,000 year-over-year, representing a growth of 71.5%[6] - Current assets totaled HKD 251,744,000, up from HKD 240,838,000, indicating a 4.0% increase[6] - Total assets decreased to HKD 450,918,000 from HKD 513,670,000, reflecting a decline of 12.2%[6] - Current liabilities rose to HKD 96,565,000 compared to HKD 66,188,000, marking an increase of 45.9%[6] - Total equity decreased to HKD 450,362,000 from HKD 512,917,000, a decline of 12.2%[7] - The company reported cash and cash equivalents of HKD 58,160,000, compared to HKD 14,489,000, showing a significant increase of 301.5%[6] - The company’s total liabilities increased to HKD 96,565,000 from HKD 66,188,000, reflecting a rise of 45.9%[6] Accounting and Regulatory Changes - The company adopted new accounting standards effective from January 1, 2023, which did not have a significant impact on the financial statements[10] - The application of the revised accounting policies did not have a significant impact on the group's financial position and performance[15] - The group is responsible for paying long service payments to employees under certain circumstances due to changes in accounting policies related to the cancellation of the offset mechanism for mandatory contributions[16] - The revised regulations will officially take effect on May 1, 2025, affecting the calculation of long service payments[16] - The group has adopted guidelines from the Hong Kong Institute of Certified Public Accountants regarding the accounting treatment of long service obligations[17] Revenue Breakdown - Total customer contract revenue for the year ended December 31, 2023, was HKD 174,208,000, an increase from HKD 232,753,000 in the previous year[24] - The revenue from external sales for the optical fiber and related products segment was HKD 172,889,000, while the optical fiber segment generated HKD 1,319,000[24] - The total revenue from the optical cable and related products segment was HKD 194,946,000, after inter-segment eliminations[24] - The revenue from the optical cable segment was HKD 172,889,000, while the optical fiber segment generated HKD 25,933,000 in external sales[27] Operational Insights - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the optical fiber and cable sectors[22] - The company aims to enhance operational efficiency and shift from an effectiveness-based to an efficiency-based model[116] - The company will continue to seek opportunities to integrate the optical fiber and cable industry chain and optimize its industry structure[113] - The company will strengthen its ability to control raw material prices to improve cost control and enhance competitiveness and profitability[113] Employee and Cost Management - Employee costs totaled HKD 25,035,000 for the year ending December 31, 2023, an increase from HKD 23,950,000 in the previous year[33] - Selling and distribution expenses decreased by approximately 32.7%, from about HKD 5.5 million to HKD 3.7 million, mainly due to reduced sales leading to lower transportation and export costs[55] - Management expenses decreased from approximately HKD 20.7 million to HKD 19.7 million, a reduction of about 4.8%, primarily due to lower employee costs and auditor fees[56] Market Conditions - The company faced a challenging economic environment with a global economic growth slowdown due to various factors, including high inflation and international conflicts[106] - Sales in the ASEAN region decreased by approximately 16.4% compared to the same period in 2022, reflecting a slow market recovery[109] Future Plans and Governance - The company has not provided specific guidance for future performance or new product developments in the conference call[4] - The next annual general meeting will be held on May 30, 2024, with a notice to be sent to shareholders[129] - The company will suspend share registration procedures from May 27, 2024, to May 30, 2024, to determine eligibility for attending the annual general meeting and voting[130] Compliance and Risk Management - The group has established a credit risk management policy to mitigate potential financial losses from customer contracts and other receivables[66] - The group maintains a balanced mix of fixed and floating rate borrowings to manage interest rate risk effectively[65] - There were no significant non-compliance issues with relevant laws and regulations as of December 31, 2023[88]