FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) 公司名稱： 信義玻璃控股有限公司 呈交日期： 2025年7月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 0086 ...

Financial Performance - The group's revenue for the fiscal year ending December 31, 2024, decreased by approximately 8.1% to RMB 22,323.6 million, while the attributable profit to equity holders dropped significantly by about 31.0% to RMB 3,369.2 million[6]. - Basic earnings per share for the year were RMB 0.792, down from RMB 1.176 in the previous year[6]. - The average selling price of float glass significantly declined, contributing to the 31.0% decrease in net profit, alongside one-time impairment losses on property, plant, and equipment[8]. - The average cost of raw materials and energy was lower in 2024, which mitigated the negative impact of lower average selling prices on profitability[8]. - The company's revenue decreased by 8.1% to RMB 22,323.6 million in 2024, down from RMB 24,293.7 million in 2023[28]. - Net profit attributable to equity holders fell by 31.0% to RMB 3,369.2 million in 2024, compared to RMB 4,883.1 million in 2023[28]. - In 2024, the cost of sales decreased by 8.4% to RMB 15,091.8 million, down from RMB 16,476.2 million in 2023, primarily due to reduced sales volume and lower average costs of raw materials and energy[34]. - Gross profit for 2024 was RMB 7,231.8 million, a decrease of 7.5% from RMB 7,817.5 million in 2023, with a slight increase in gross margin from 32.2% to 32.4% attributed to higher average selling prices of automotive glass products[35]. - Other income increased significantly to RMB 721.7 million from RMB 605.7 million in 2023, mainly due to higher rental income and increased sales of self-generated electricity to the grid[36]. - Net profit attributable to equity holders decreased by 31.0% to RMB 3,369.2 million from RMB 4,883.1 million in 2023, with a decline in net profit margin to 15.1%[45]. Cost Control and Efficiency - The company implemented strict policies to control production costs and save energy, focusing on developing innovative high-value-added components and energy-saving coated glass products[9]. - The company has strengthened cost control measures for raw materials and improved production processes, resulting in enhanced production efficiency and compliance with national carbon neutrality policies[12]. - The company has reduced interest expenses by repaying most of its Hong Kong dollar bank loans with its financial resources and RMB loans, which have a lower interest cost[8]. Market and Sales Strategy - Despite weak demand for float glass in China, the sales volume of construction glass products still recorded growth due to the company's strong reputation and flexible marketing strategies[10]. - The construction glass sales volume continued to grow, driven by increasing demand for energy-efficient low-emissivity glass[10]. - The company is focusing on commercial and public projects for new glass window installations, primarily led by government-related entities or financially strong state-owned enterprises[10]. - The automotive glass business is focusing on addressing challenges from overseas demand slowdown due to high inflation, high loan interest costs, and increased transportation costs, with new glass products for ADAS, HUD, and electric vehicles being developed for future launch[11]. - The company anticipates a cautious optimistic outlook for the float glass market in 2025, supported by government initiatives to ensure property project completions and easing of property purchase restrictions[18]. Research and Development - The company is investing in R&D for new glass products and advanced low-emission coating materials to capture new market opportunities[15]. - The company plans to allocate sufficient resources for R&D to enhance product quality and develop new products and materials[23]. Corporate Governance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange's listing rules throughout the year ending December 31, 2024[76]. - The board consists of 12 members, with 11 males and 1 female, achieving gender diversity[101]. - The board has implemented a diversity policy, considering factors such as gender, age, cultural background, and professional experience in appointing board members[97]. - The company has a strong governance framework, with the chairman and CEO closely monitoring operational and financial performance[84]. - The board closely monitors corporate governance practices, risk management, and internal control systems to align corporate value with the company's culture[78]. Environmental and Social Responsibility - The company has implemented environmental measures, including using natural gas as the main energy source for glass furnaces and utilizing waste heat for power generation[126][127]. - The group has established a wind power project in Anhui Province and several small solar power projects to reduce fossil fuel consumption and improve air quality[128]. - The company is preparing its Environmental, Social, and Governance (ESG) report for the fiscal year ending December 31, 2024, to be published by April 30, 2025[129]. Shareholder Information - The company plans to propose a final dividend of HKD 0.10 per share at the upcoming annual general meeting[6]. - The board proposed a final dividend of HKD 0.10 per share for the fiscal year ending December 31, 2024, subject to shareholder approval at the annual general meeting scheduled for May 30, 2025[122]. - The company intends to maintain a relatively stable dividend payout ratio, balancing operational cash needs and future growth[144]. Employee and Workforce - The number of full-time employees as of December 31, 2024, was 16,485, with 15,039 based in China and 1,446 in Hong Kong and other regions, reflecting the company's commitment to maintaining a skilled workforce[54]. - As of December 31, 2024, the employee gender distribution is 88% male and 12% female among 16,485 employees[101]. Related Party Transactions - The company has ongoing related party transactions, including a glass procurement agreement with Xinyi Solar, with a transaction limit of RMB 13.6 million and an actual transaction amount of RMB 5.417 million for the year[185]. - A production equipment procurement agreement with Xinyi Solar has a transaction limit of RMB 288 million and an actual transaction amount of RMB 199.371 million for the year[186]. - The company established a glass supply agreement with 信義汽車玻璃, with a transaction cap of HKD 8,600,000 (approximately RMB 7,922,000) and an actual transaction amount of HKD 8,224,000 (approximately RMB 7,575,000) for the year ending December 31, 2024[189].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 22,323.6 million, a decrease of 8.1% compared to RMB 24,293.7 million in 2023[3] - Profit attributable to equity holders of the company was RMB 3,369.2 million, down 31.0% from RMB 4,883.1 million in the previous year[3] - Basic earnings per share decreased by 32.6% to RMB 79.23 from RMB 117.60[3] - Proposed final dividend per share is HKD 0.10, a reduction of 73.0% from HKD 0.37 in the previous year[3] - Operating profit for the year was RMB 4,185.5 million, down from RMB 5,141.6 million in 2023[5] - The company reported a total comprehensive income of RMB 3,475.8 million for the year, down from RMB 4,568.9 million in 2023[6] - The gross profit for the fiscal year was RMB 6,729.66 million, resulting in a gross margin of approximately 27.2%[27] - The company reported a net profit before tax of RMB 5,775,149 thousand for 2023, which decreased to RMB 4,248,029 thousand in 2024, reflecting a decline of about 26.5%[32] - Net profit attributable to equity holders decreased by 31.0% to RMB 3,369.2 million in 2024, compared to RMB 4,883.1 million in 2023[61] - Basic earnings per share for 2024 is RMB 79.23, down 32.6% from RMB 117.60 in 2023[43] - EBITDA decreased by 21.4% to RMB 5,832.4 million in 2024, compared to RMB 7,423.6 million in 2023[78] Assets and Liabilities - Total assets increased to RMB 48,078.3 million from RMB 46,316.1 million in the previous year[10] - The total assets as of December 31, 2024, were RMB 48,078.30 million, with total liabilities amounting to RMB 13,701.16 million[28] - The total liabilities increased slightly from RMB 13,621,491 thousand in 2023 to RMB 13,701,155 thousand in 2024[32] - The net asset liability ratio increased to 16.3% in 2024 from 13.3% in 2023, reflecting the company's financial leverage[88] Cash Flow and Investments - Cash and bank balances decreased to RMB 1,709.3 million in 2024 from RMB 3,123.4 million in 2023, despite a net cash inflow from operating activities of RMB 5,589.7 million[86] - The company reported a significant investment in joint ventures, totaling RMB 9,203.63 million[28] - The company's investment in joint ventures was RMB 9,066,707 thousand as of December 31, 2023[31] - Capital expenditures increased to RMB 5,124.0 million in 2024 from RMB 3,202.9 million in 2023, used for purchasing facilities and machinery[84] Revenue Breakdown - The company’s operating segments include Float Glass, Automotive Glass, and Construction Glass, with Float Glass generating the highest revenue of RMB 15,343.52 million[27] - Sales revenue from float glass products was RMB 12,909.9 million, accounting for 57.8% of total sales in 2024, down from RMB 15,839.7 million and 65.2% in 2023[64] - Sales revenue from automotive glass products increased to RMB 6,304.8 million, representing 28.3% of total sales in 2024, compared to RMB 5,417.3 million and 22.3% in 2023[64] Expenses and Costs - Selling and promotional expenses decreased by 11.0% to RMB 1,055.7 million in 2024[73] - Administrative and other operating expenses increased by 9.4% to RMB 2,244.0 million in 2024[74] - Financial costs significantly decreased by 60.3% to RMB 181.0 million in 2024, attributed to refinancing most HKD loans with lower interest RMB loans[77] - The average cost of raw materials and energy decreased in 2024, which mitigated the negative impact of lower average selling prices on profitability in the processed glass market[100] Dividends - The interim dividend for 2024 is HKD 0.31 per share, an increase from HKD 0.26 per share in 2023, totaling RMB 1,225,025,000[47] - The proposed final dividend for 2024 is HKD 0.10 per share, down from HKD 0.37 per share in 2023, totaling RMB 409,881,000[47] - The board of directors has proposed a final dividend of HKD 0.10 per share for the year ending December 31, 2024, subject to shareholder approval[135] Market and Strategic Outlook - The group anticipates a cautious but optimistic outlook for the float glass market in 2025, supported by government measures to ensure project completions and easing property purchase restrictions[115] - The group is expanding its operations in Southeast Asia, including a new float glass production facility in Indonesia, to enhance market coverage and reduce costs[118] - The group is actively participating in overseas exhibitions and visiting international clients to strengthen its market presence across over 140 countries[106] - The company continues to face challenges from global market changes, financial risks, geopolitical risks, and electricity price threats, but remains cautiously optimistic about long-term business development prospects[122] Research and Development - The group has invested in R&D for new materials, production processes, and advanced float glass design, resulting in reduced carbon emissions and production costs[109] - The group plans to continue investing in R&D to improve product quality and develop new products, focusing on innovative technologies and automation[121] Corporate Governance - The audit committee has reviewed the audited consolidated financial statements for the year ending December 31, 2024[126] - The company has adopted a code of conduct for securities trading by directors, confirming compliance throughout the year ending December 31, 2024[127] - The company will publish its annual report for the year ending December 31, 2024, containing all required information as per listing rules and applicable laws[132]

Financial Performance - For the six months ended June 30, 2024, the company's revenue decreased by 6.4% to HKD 11,807,194,000 compared to the same period in 2023[4]. - The profit attributable to equity holders increased by 27.1% to HKD 2,729,916,000, with basic earnings per share rising to HKD 0.646 from HKD 0.521 in the previous year[5]. - For the first half of 2024, the group's revenue and net profit were HKD 11,807,200,000 and HKD 2,729,900,000, representing a decrease of 6.4% and an increase of 27.1% compared to the first half of 2023[19]. - Gross profit for the first half of 2024 was HKD 4,046,700,000, a significant increase of 10.6% from HKD 3,659,500,000 in the first half of 2023, with a gross profit margin rising to 34.3% from 29.0%[21]. - The company reported a net profit for the first half of 2024 of HKD 2,729.9 million, an increase of 27.1% from HKD 2,144.5 million in the first half of 2023, with a net profit margin rising from 17.0% to 23.1%[30]. - The company reported a net operating profit of HKD 2,897,675, an increase of 26.0% compared to HKD 2,303,358 in the previous year[42]. - The total comprehensive income for the six months ended June 30, 2024, was HKD 1,495,078, a significant increase compared to the previous year's total of HKD 327,121[48]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.31 per share, up from HKD 0.26 per share in the same period last year[4]. - The interim dividend declared for the first half of 2024 is HKD 0.31 per share, up from HKD 0.26 per share in the first half of 2023[129]. - The company has provided shareholders with the option to receive the interim dividend in cash or in newly issued shares[129]. Cost Management and Efficiency - The average cost of raw materials and energy decreased, which mitigated the negative impact of falling average selling prices for float glass products[7]. - The group has implemented measures to enhance performance, including cost control of raw materials and improved supply chain processes, resulting in reduced carbon emissions and overall production costs[10]. - The group has streamlined production processes and logistics to enhance cost efficiency[7]. - Selling and promotional expenses decreased by 8.8% to HKD 611,700,000, attributed to reduced transportation and international freight costs[24]. - Administrative expenses rose by 7.4% to HKD 1,179,800,000, mainly due to increased employee costs and R&D expenditures[25]. Market and Product Development - The company reported an increase in sales volume for automotive and architectural glass products, contributing to the overall profit growth[7]. - The demand for energy-efficient low-emissivity glass remains strong, supported by the company's reputation and advanced coating materials[8]. - The company is focusing on developing new glass products for advanced driver-assistance systems (ADAS) and electric vehicles, preparing for future launches[8]. - The architectural glass business is focusing on projects led by government entities and financially stable developers due to challenges faced by private developers[8]. - The company plans to continue developing unique glass products with advanced designs and features, leveraging favorable policies under China's 14th Five-Year Plan[9]. - The company is optimistic about the growth of the automotive glass aftermarket and OEM business globally, driven by an expected increase in the number of vehicles and new car sales in 2024[16]. Investments and Capital Expenditures - Capital expenditures totaled HKD 2,695.7 million in the first half of 2024, primarily for the purchase of plants and machinery and the construction of production facilities in China, Malaysia, and Indonesia[32]. - The group continues to invest in R&D for new materials and advanced float glass designs, enhancing production efficiency and product quality[10]. - The group is expanding its production capacity in Malaysia and Indonesia, with a new float glass production line in East Java expected to commence operations in the first half of 2025[14]. Financial Position and Liabilities - As of June 30, 2024, the group's cash and bank deposits amounted to HKD 1,651,900,000, with a current ratio of 1.08 and a net capital debt ratio of 15.2%[12]. - The group has repaid HKD 923,900,000 of bank loans in the first half of 2024, aiming to reduce the percentage of HKD loans to save on interest expenses[12]. - As of June 30, 2024, the total bank borrowings amounted to HKD 7,100.2 million, with a net debt-to-equity ratio of 15.2%, up from 13.3% at the end of 2023[35]. - The company’s total liabilities increased to HKD 15,224,187 from HKD 14,947,566, reflecting a rise of 1.9%[41]. - The company’s cash and cash equivalents decreased to HKD 1,337,493 from HKD 1,990,800, indicating a reduction of 32.8%[40]. Shareholder Structure and Governance - The company has established an audit committee to oversee financial reporting and internal control systems[134]. - The company has a significant ownership structure with various entities holding substantial stakes, including 福廣 with multiple shareholders[150]. - The report indicates a stable governance structure with clear delineation of shareholdings among directors and major shareholders[148]. - The company has complied with the corporate governance code as per the listing rules during the first half of 2024[132]. Future Outlook - The group anticipates a stable outlook for the soda ash prices in 2024 due to increased supply in China and other countries, while energy costs are expected to stabilize[13]. - The company is actively exploring new market opportunities both domestically and internationally, participating in various overseas exhibitions[8]. - The company plans to expand its market presence and invest in new technologies to enhance production efficiency and product offerings in the upcoming quarters[51].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 11,807.2 million, a decrease of 6.4% compared to HKD 12,621.2 million in the same period of 2023[2] - Profit attributable to equity holders of the company increased by 27.1% to HKD 2,729.9 million, up from HKD 2,147.9 million year-on-year[2] - Basic earnings per share rose by 24.0% to HKD 64.6 cents, compared to HKD 52.1 cents in the previous year[2] - The company reported a net profit of HKD 2,739.4 million for the period, compared to HKD 2,156.1 million in the previous year[9] - The total comprehensive income for the six months ended June 30, 2024, was HKD 1,495,078, a decrease from HKD 327,121 in the previous year[12] - The company reported a profit for the period of HKD 2,729,916 for the six months ended June 30, 2024, compared to HKD 2,147,890 for the same period in 2023[12] - The company reported a profit attributable to equity holders of HKD 2,729,916 for the six months ended June 30, 2024, an increase of 26.9% from HKD 2,147,890 in 2023[57] - The company’s net profit increased by 27.1% in the first half of 2024, driven by higher sales of automotive and construction glass products, lower production costs of float glass, and increased profit contributions from Xinyi Solar[93] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 31.0 cents per share, up from HKD 26.0 cents in the prior period[2] - The interim dividend declared for the first half of 2024 is HKD 0.31 per share, compared to HKD 0.26 per share in the first half of 2023[88] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 51,078.5 million, compared to HKD 50,813.4 million at the end of 2023[7] - Total liabilities increased to HKD 15,224.2 million from HKD 14,947.6 million at the end of 2023[7] - Cash and cash equivalents at the end of June 30, 2024, were HKD 1,337,493, down from HKD 3,778,263 at the end of June 30, 2023[13] - The company’s total liabilities decreased to HKD 8,767,770,000 as of June 30, 2024, from HKD 8,198,748,000 as of December 31, 2023[34] - Total bank borrowings amounted to HKD 7,100,200,000 as of June 30, 2024, with a net debt-to-equity ratio of 15.2%, up from 13.3% at the end of 2023[85] Cash Flow and Investments - The net cash flow from operating activities for the six months ended June 30, 2024, was HKD 2,840,299, compared to HKD 2,009,564 for the same period in 2023[13] - The company incurred a net cash outflow from investing activities of HKD 1,832,227 for the six months ended June 30, 2024[13] - Cash flow from operating activities was HKD 2,143,800,000 in the first half of 2024, up from HKD 1,417,600,000 in the same period of 2023[84] Operational Highlights - Total revenue from external customers reached 11,807,194, with contributions from float glass (6,985,818), automotive glass (3,260,369), and architectural glass (1,561,007) [21] - The company reported a decrease in glass sales, with float glass sales at HKD 6,985,818, down from HKD 8,019,562 in the previous year[24] - The automotive glass business saw revenue growth due to new customer acquisition efforts in both domestic and overseas markets[70] - The construction glass sales volume increased due to strong demand for energy-efficient low-emission glass, supported by the company's good reputation and advanced coating materials[94] Cost Management - The total expenses for cost of sales, selling and promotional costs, and administrative expenses for the six months ended June 30, 2024, is HKD 9,552,060, down from HKD 10,731,222 in the previous year[49] - Selling and promotional expenses decreased by 8.8% to HKD 611,700,000, attributed to reduced transportation and international freight costs[75] - Administrative expenses increased by 7.4% to HKD 1,179,800,000, mainly due to higher employee costs and R&D expenditures[75] Research and Development - The company continues to invest in R&D for new materials, coatings, and advanced float glass designs, which have improved production efficiency and reduced carbon emissions[95] - The company is developing new glass products for advanced driver-assistance systems (ADAS), head-up displays (HUD), and other value-added components, with plans to launch them at the appropriate time[94] Market Outlook and Strategy - The group maintains a cautious optimism regarding the float glass market in the second half of 2024, supported by government measures to ensure property project completions and deliveries[99] - The group is actively exploring acquisition and expansion opportunities in China and Southeast Asia to enhance market coverage and reduce production costs[99] - The company plans to continue expanding its market presence in Greater China and other countries, focusing on new product development and technology advancements[25] Corporate Governance - The announcement is published on the Hong Kong Stock Exchange website and the company's website[104] - The executive directors include Dr. Li Hsien-Yi, Dato' Wira D.C.S.M, and others[104] - The chairman and executive director is Dr. Li Hsien-Yi[104] - The document includes a list of directors and their titles[104]

Financial Performance - The group's revenue for the fiscal year ended December 31, 2023, increased by approximately 4.1% to HKD 26,798.5 million, while the attributable profit to equity holders rose by about 4.6% to HKD 5,365.1 million[8]. - Basic earnings per share for the year were HKD 1.29, compared to HKD 1.27 in the previous year[8]. - Net profit attributable to equity holders rose by 4.6% to HKD 5,365.1 million in 2023, up from HKD 5,127.2 million in 2022[34]. - Total revenue for 2023 reached HKD 26,798.5 million, a 4.1% increase from HKD 25,746.0 million in 2022[38]. - Gross profit for 2023 was HKD 8,611.8 million, a slight decrease of 0.9% from HKD 8,686.4 million in 2022, with a gross margin decline from 33.7% to 32.1%[42]. - Operating expenses decreased by 27.6% to HKD 1,310.3 million due to lower domestic and overseas transportation costs[45]. - The share of profits from associates rose to HKD 1,007.4 million in 2023, compared to HKD 922.8 million in 2022[47]. - The current ratio improved to 1.20 in 2023 from 1.09 in 2022, reflecting an increase in receivables[54]. - The group recorded a non-cash foreign exchange reserve decrease of HKD 926.8 million due to RMB depreciation, resulting in a balance of HKD 3,507.0 million as of December 31, 2023[68]. - The net debt-to-equity ratio improved to 13.3% in 2023 from 16.7% in 2022[60]. - The group has secured new bank borrowings of HKD 7,193.9 million during the fiscal year ending December 31, 2023, indicating strong cash flow to support capital expenditures and future expansion[21]. Market Dynamics - The demand for float glass in China showed a slow recovery, reflected in the increase in average selling prices and sales volume, driven by the completion of real estate projects and window installation works[11]. - The float glass supply was limited due to the government's restrictions on new production capacity, contributing to the market dynamics[11]. - The group anticipates a cautious optimistic outlook for the float glass market in 2024, based on government measures to ensure property project completions and the latest "white list" announcements[23]. - The company is optimistic about the growth of the automotive glass aftermarket and OEM business due to expected increases in global vehicle numbers and new car sales in China in 2024[27]. - The company faces risks related to supply and demand levels in the float glass market, which are influenced by macroeconomic factors and the construction industry[156]. Strategic Initiatives - The group has strengthened its market leadership and enhanced economies of scale through strategic expansion and acquisitions in China and Malaysia, including the acquisition of additional float glass production facilities in Chongqing, China, to increase capacity at lower production costs[14]. - The group has continued to explore opportunities for expanding overseas production capacity to address various import tariff issues, particularly in response to the ongoing US-China trade conflict[24]. - The group plans to continue developing and launching various unique glass products with different colors, thicknesses, special coatings, and high-value functions, leveraging favorable policies under China's 14th Five-Year Plan[14]. - A new float glass production facility is being established in East Java, Indonesia, to expand business coverage in ASEAN member countries[27]. - The group has implemented a series of measures to improve performance, including cost control of raw material supply and consumption, and the use of rooftop distributed solar power systems and low-temperature waste heat recovery systems to generate electricity and hot water for internal use[14]. Corporate Governance - The company has a commitment to corporate governance and maintaining high standards of transparency and accountability[81]. - The board of directors is composed of four executive directors, four non-executive directors, and four independent non-executive directors, ensuring compliance with the listing rules regarding independent directors[96]. - The company has established a management structure and internal control processes to ensure all business activities and decisions are properly regulated[91]. - The board is responsible for preventing fraud and safeguarding the company's assets while formulating overall business strategies[94]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange's listing rules throughout the year ending December 31, 2023[92]. Employee and Social Responsibility - As of December 31, 2023, the company has 15,816 full-time employees, with 14,861 based in China and 955 in Hong Kong and other regions[63]. - Employee compensation and benefits are generally aligned with current market rates and are reviewed regularly[63]. - The company emphasizes maintaining good relationships with customers, suppliers, and employees, with no significant disputes reported during the fiscal year[153]. - The group reported a charitable donation of HKD 3,013,000 for the fiscal year, a decrease from HKD 9,837,000 in 2022[163]. Environmental Initiatives - The company has implemented environmental measures, including using natural gas as the main energy source for glass furnaces and utilizing waste heat for power generation[150]. - The company has established a green finance certification for its energy-saving low-emission coated glass project, confirming compliance with green project requirements[150]. - The company plans to continue allocating resources for R&D, product quality improvement, and market expansion to achieve carbon neutrality goals[28]. Financial Policies and Risk Management - The group maintains a financial policy to optimize the use of financial resources and reduce financing costs for its subsidiaries[67]. - The company has implemented mechanisms to mitigate foreign exchange risks, primarily operating in RMB and USD[68]. - The company has a policy in place to ensure timely and equal disclosure of insider information to the public[129]. - The company maintains an effective risk management and internal control system, with no significant deficiencies identified as of December 31, 2023[128].

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 26,798.5 million, representing a 4.1% increase from HKD 25,746.0 million in 2022[3] - Profit attributable to equity holders of the company increased by 4.6% to HKD 5,365.1 million, compared to HKD 5,127.2 million in the previous year[3] - Basic earnings per share rose by 2.1% to HKD 129.2 cents from HKD 126.6 cents in 2022[3] - Operating profit for the year was HKD 5,643.4 million, up from HKD 5,337.9 million in 2022[5] - The company reported a total comprehensive income of HKD 4,450.7 million for the year, compared to HKD 730.9 million in 2022[6] - The company's pre-tax profit for 2023 was HKD 6,344,348, an increase from HKD 5,999,966 in 2022, indicating a growth of about 5.7%[24] - The group's revenue increased by 4.1% to HKD 26,798.5 million in 2023, compared to HKD 25,746.0 million in 2022[53] - Profit attributable to equity holders rose by 4.6% to HKD 5,365.1 million, up from HKD 5,127.2 million in 2022[53] - The compound annual growth rate of sales over the past five years was 13.3%[53] Dividends - The proposed final dividend per share increased significantly by 68.2% to HKD 0.37 from HKD 0.22 in the prior year[3] - The interim dividend for 2023 is HKD 0.26 per share, down from HKD 0.40 in 2022, totaling HKD 1,082,672,000 compared to HKD 1,614,395,000 in the previous year[37] - The proposed final dividend for 2023 is HKD 0.37 per share, an increase from HKD 0.22 in 2022, with a total amount of HKD 1,562,342,000 compared to HKD 907,734,000 in 2022[39] - The board proposed a final dividend of HKD 0.37 per share for the year ending December 31, 2023, subject to shareholder approval at the annual general meeting on May 31, 2024[126] - Shareholders will have the option to receive the final dividend in cash or in newly issued shares under a scrip dividend scheme, pending approval from the stock exchange[126] - The scrip dividend scheme will be further detailed, including the market value of the shares to be issued, which is expected to be at a discount based on the average closing price over five consecutive trading days[126] - The annual general meeting will be held on May 31, 2024, with a suspension of share transfer registration from May 28 to May 31, 2024, to determine voting rights[127] - To qualify for the final dividend, share transfer documents must be submitted by June 5, 2024[129] Assets and Liabilities - Total assets decreased to HKD 50,813.4 million from HKD 52,231.8 million in the previous year[8] - Total liabilities reduced significantly to HKD 14,947.6 million from HKD 20,144.2 million[9] - Non-current assets increased to HKD 37,201.5 million from HKD 39,313.1 million[8] - The total assets as of December 31, 2023, amounted to HKD 50,813,419,000, an increase from HKD 52,231,789,000 in the previous year[21][23] - The total liabilities were reported at HKD 14,947,566,000, compared to HKD 20,144,166,000 in the previous year, showing a significant reduction of approximately 25.7%[21][23] - Trade receivables decreased to HKD 1,782,172,000 in 2023 from HKD 1,966,830,000 in 2022, with a net amount of trade receivables and notes receivable totaling HKD 3,358,388,000, up from HKD 2,648,695,000[40] - The provision for trade receivables decreased to HKD 59,852,000 in 2023 from HKD 62,087,000 in 2022, indicating a reduction in expected credit losses[43] - Trade payables decreased to HKD 1,561,526,000 in 2023 from HKD 1,594,545,000 in 2022, while total other payables increased to HKD 2,382,277,000 from HKD 2,100,276,000[45] - The company reported a total liability of HKD (14,947,566) in 2023, down from HKD (20,144,166) in 2022, indicating a reduction of approximately 25.7%[26] Operational Highlights - The company operates primarily in China and Malaysia, focusing on the production and sale of float glass, automotive glass, and architectural glass[11] - The revenue from the float glass segment was HKD 21,650,172,000, while the automotive glass segment generated HKD 5,981,015,000, and the architectural glass segment contributed HKD 3,349,614,000[20] - The company's segment gross profit for 2023 was HKD 8,611,759, a slight decrease from HKD 8,686,375 in 2022, reflecting a decline of approximately 0.9%[24] - Sales revenue from float glass products was HKD 17,467.9 million, accounting for 65.2% of total sales, while automotive glass revenue was HKD 5,981.0 million, representing 22.3%[55] - The group recorded a 4.6% increase in net profit for the year ended December 31, 2023, driven by higher sales volumes of float glass, automotive glass, and architectural glass in the second half of the year[92] - The group implemented strict production cost and energy-saving policies, enhancing cost control efficiency and improving product differentiation in float glass, automotive glass, and architectural glass[92] - The group faced challenges in sales volume and pricing across its three main glass product lines due to a strong US dollar, rising interest rates, and a slowdown in the Chinese real estate market[51] Future Outlook and Strategies - The company plans to adopt new accounting standards effective January 1, 2024, which may impact future financial reporting[18] - The company is optimistic about the global automotive glass aftermarket and OEM business due to an expected increase in the number of vehicles and new car sales in China in 2024[110] - A new automotive glass production line in Indonesia is planned to commence operations in 2025, which will help mitigate the impact of tariffs and inflation in the U.S. market[109] - The company is expanding its production capacity in Southeast Asia, including a new float glass production facility in East Java, Indonesia, to enhance market coverage[110] - The company has established a dedicated department for carbon neutrality, which is responsible for planning and implementing energy-saving initiatives to improve overall energy cost structure[110] - The company is investing in a new polysilicon joint venture in Yunnan, which is expected to increase investments and profits in green and renewable energy by 2024[113] - The company continues to allocate resources for R&D to enhance product quality and develop new products, materials, and production processes[113] - The company anticipates increased demand for float glass and construction glass due to more construction and window installation activities in 2024[110] - The company is exploring opportunities for overseas capacity expansion to address various import tariff issues[109] - The outlook for the float glass market in 2024 is cautiously optimistic, supported by government measures to ensure project completions and a stable energy cost environment[108] - The group has not encountered any significant difficulties or liquidity issues due to exchange rate fluctuations, maintaining a balanced approach to currency risk management[86] - The group is exploring new sources of silica sand and raw materials in Asia to maintain control over production costs and quality[108] Capital Expenditures and Financial Position - Capital expenditures for the year totaled HKD 3,513.9 million, an increase from HKD 2,624.4 million in 2022, primarily for purchasing plants and machinery[76] - The net current asset value increased to HKD 2,263.5 million from HKD 1,016.0 million in 2022, consistent with the increase in current ratio and net profit[75] - The group's financial costs rose significantly by 35.5% to HKD 503.4 million, mainly due to an increase in Hong Kong interbank offered rates[68] - The effective tax rate was 15.2%, lower than the standard rate, primarily due to profits generated by subsidiaries qualifying for reduced tax rates[70] - The net cash inflow from operating activities for the year 2023 was HKD 5,001.2 million, a decrease from HKD 6,737.3 million in 2022, attributed to increased net profit and effective working capital management[78] - As of December 31, 2023, the group's bank borrowings amounted to HKD 8,174.0 million, a reduction of 39.5% from HKD 13,515.7 million as of December 31, 2022, due to repayment of bank loans using available cash[79] - The net debt-to-capital ratio as of December 31, 2023, was 13.3%, down from 16.7% a year earlier, indicating improved financial stability[79] - The financial position is robust, with cash and bank deposits amounting to HKD 3,426.6 million and a current ratio of 1.20, indicating strong liquidity[104]

Financial Performance - The company's revenue for the first half of 2023 decreased by 7.5% to HKD 12,621,221,000 compared to the same period in 2022[4]. - Profit attributable to equity holders of the company fell by 35.0% to HKD 2,147,890,000, with basic earnings per share at HKD 0.521, down from HKD 0.821 in the previous year[6]. - For the first half of 2023, the group's revenue and net profit were HKD 12,621,200,000 and HKD 2,147,900,000, representing a decrease of 7.5% and 35.0% compared to the first half of 2022[37]. - Gross profit for the first half of 2023 was HKD 3,659,500,000, a significant decrease of 30.2% from HKD 5,241,900,000 in the same period of 2022, with the gross profit margin falling to 29.0% from 38.4%[41]. - The overall revenue decline was primarily due to the depreciation of the RMB and a 13.1% drop in the average selling price of float glass products compared to the first half of 2022[38]. - The net profit before tax for the six months ended June 30, 2023, was HKD 2,473,259, a decrease of 36.5% from HKD 3,898,907 in 2022[109]. - The company reported a profit of HKD 2,147,890,000 for the period, reflecting its financial performance[147]. Market Conditions - The overall market conditions remain challenging due to high inflation and rising interest rates affecting overseas demand[8]. - The group anticipates a cautious optimistic outlook for the float glass market in 2023, with expectations of lower energy costs compared to 2022 due to increased supply and low global oil prices[27]. - The average selling price of float glass products declined, primarily due to delays in property project completions in the Chinese real estate market[11]. Product Development and Innovation - The company is focusing on developing new glass products for advanced driver-assistance systems (ADAS) and other value-added components, preparing for future launches[14]. - A series of new glass products with different colors, thicknesses, and special coatings are being developed to improve competitiveness[18]. - The company plans to continue focusing on expanding its production capabilities and enhancing product offerings in the automotive and construction sectors[106]. - The management is optimistic about future growth prospects, driven by increasing demand in the automotive and construction markets[106]. Strategic Initiatives - Strategic expansions and acquisitions have been made to enhance production capacity, including additional float glass production facilities in China[14]. - The acquisition of the float glass business in Chongqing has strengthened the group's production capacity and market coverage in Southwest China[30]. - The group is establishing a new float glass production facility in East Java, Indonesia, to expand its coverage in the ASEAN region[28]. - The group continues to explore opportunities for acquisitions and expansions in China and overseas to improve production and energy costs[28]. Cost Management - The company is implementing cost control measures for raw materials and improving supply chain processes to enhance efficiency[15]. - Selling and promotional expenses decreased by 29.5% to HKD 670,600,000, attributed to lower transportation and international freight costs post-COVID[44]. - Administrative expenses decreased by 15.7% to HKD 1,098,900,000, primarily due to reduced R&D expenditures during the period[46]. - Financial costs increased by 122.3% to HKD 275,600,000, driven by rising overall bank borrowing rates[48]. Cash Flow and Liquidity - As of June 30, 2023, the group has cash and bank deposits of HKD 7,593.0 million and a low net debt ratio of 16.8%[22]. - For the first half of 2023, the net cash inflow from operating activities was approximately HKD 1,417,600,000, a decrease from HKD 3,936,400,000 for the same period in 2022[59]. - The company reported a decrease in cash and cash equivalents, ending the period with HKD 3,778,263, down from HKD 11,468,786 at the end of the previous year[87]. - The total assets as of June 30, 2023, were HKD 51,599,914,000, a decrease from HKD 52,231,789,000 at the end of 2022[72]. Shareholder Returns - The company declared an interim dividend of HKD 0.26 per share, reflecting its commitment to returning value to shareholders[6]. - The interim dividend for the first half of 2023 is set at HKD 0.26 per share, down from HKD 0.40 per share in the first half of 2022[198]. - Shareholders will have the option to receive the interim dividend in cash or in new shares under the scrip dividend scheme, pending approval from the stock exchange[199]. Employee Relations - The group maintained a good relationship with its 15,151 full-time employees, with a focus on providing adequate training and benefits[68]. - The group is committed to ensuring sufficient resources for R&D to enhance product quality and develop new products, while also focusing on employee training to maintain safety standards and competitiveness[31].

[1 -> 9] 好接下来我们第二场第二场这个心意玻璃心意玻璃的录演与分享那么有请 [9 -> 34] 大家好歡迎來到今天的會議也謝謝大家今天的時間參加Cindy Board的會議首先你們現在在屏幕上面看的到的就是我們2023年中企業季的PIP我這個部分就先簡單的花個10到15分鐘的時間跟大家分享一下然後後面我們再進行一個交流的時間 [36 -> 39] 我們可以直接看到去 [40 -> 67] 第四頁的這個部分這個部分的話可能大家有一直在關注我們公司的都會有一點點的留意到因為大家其實都了解到我們公司相對來講是跟內地房地產是有一點點關係的公司所以說這個部分我們其實在六月的時候也發過一個通知信給大家說可能今年的一個上半年的成績可能會有一個退步沒有那麼 [67 -> 77] 跟過往比沒有那麼好的情況但我們看到數字上面上半年的營業額按年下降了7.5%也去到126個億的感覺 [78 -> 104] 那那個下降的原因很好理解剛剛也稍微有講過了跟整體的一個房地產的情況是有關係的那所以對於浮法玻璃這一邊的需求是下降的那我們整體的有一大部分的生意額是來自於浮法玻璃的那所以浮法玻璃這一邊整體的一個 ASV 下降所以影響到整體營 ...

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，概不對因本公佈全部或任何部份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。 XINYI GLASS HOLDINGS LIMITED 信 義 玻 璃 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份編號：00868） 截至二零二三年六月三十日止六個月之 中期業績公告 財務摘要 截至六月三十日止六個月 二 零二三年 二 零二二年 變動 百萬港元 百萬港元 收益 12,621.2 13,649.4 -7.5% 本公司股本權益 持有人應佔溢利 2,147.9 3,304.9 -35.0% 每股盈利－基本 52.1港仙 82.1港仙 -36.5% 每股中期股息 26.0港仙 40.0港仙 ...