Corporate Milestones - UBoT Holding Limited successfully listed on GEM of The Stock Exchange of Hong Kong Limited on June 3, 2024, marking a significant milestone in its corporate journey[17]. - The listing represents not just a financial accomplishment but also a testament to the company's organizational resilience and strategic foresight[17]. Product Portfolio and Market Position - The company has developed an extensive portfolio exceeding 1,500 distinct product specifications in back-end semiconductor transport media, establishing itself as the third-largest manufacturer in this sector[18]. - UBoT is the third largest manufacturer in the back-end semiconductor transport media sector, as measured by 2023 revenue metrics[20]. - UBoT has a comprehensive portfolio exceeding 1,500 product specifications for tray and tray-related products, showcasing its engineering capabilities[42]. Strategic Initiatives and Growth - The successful listing enhances UBoT's capacity to pursue value-accretive strategic initiatives and improves its market prominence and operational sophistication[17]. - The public listing is expected to provide a solid foundation for sustainable growth and market penetration, positioning the company strategically for future opportunities[17]. - UBoT's strategic focus on enhancing production capabilities includes the transformation of its Shatin and Houjie Production Facilities, improving supply chain resilience and production efficiency[25]. - The establishment of a new production facility in the Philippines enhances UBoT's operational resilience and market penetration in Southeast Asia[26]. - The Group aims to enhance production capacity through automation and facility upgrades, with completed automation updates in Dongguan factories during FY2024[61]. - The Group is actively exploring additional strategic overseas sales points to expand its global footprint and strengthen its market position[60]. - The "dual-track" strategy focuses on balancing domestic market development with international expansion, integrating enhanced market penetration and new product manufacturing capabilities[64]. Financial Performance - The Group's total revenue for FY2024 was HK$162.1 million, with tray and tray-related products contributing approximately 94.0% (HK$153.3 million) of this total[47][52]. - The Group recorded revenue of HK$163.1 million for the Year, a decrease of approximately HK$25.9 million, or 13.7% compared to FY2023 (HK$189.0 million)[67]. - Revenue from sales of tray and tray-related products decreased by approximately HK$19.0 million, or 11.0%, to approximately HK$153.3 million (FY2023: HK$172.3 million)[68]. - Gross profits decreased by approximately 21.9% to HK$56.2 million (FY2023: HK$72.0 million), with a gross profit margin of 34.5% (FY2023: 38.1%)[74]. - The Group recorded a loss of HK$23.2 million for the Year, compared to a profit of HK$5.0 million for FY2023[77]. Research and Development - UBoT's commitment to research and development is crucial for addressing the demands of the evolving semiconductor industry, particularly in AI and advanced telecommunications[30]. - The Group's commitment to research and development aims to expand product offerings and maximize shareholder value[63]. - The company is committed to investing strategically in research and development, particularly in MEMS technology and automation, to enhance customer productivity[124]. Governance and Corporate Structure - The Company emphasizes high standards of corporate governance to safeguard shareholder interests and enhance long-term value[119]. - The roles of Chairman and CEO are currently held by the same individual, Mr. Tong, which the board believes is in the best interest of the company[120]. - The Board consists of eight members, with seven males and one female, resulting in approximately 12.5% female participation[140]. - The Company aims to achieve diversity across various dimensions, including age, skills, expertise, and gender, with measurable objectives reviewed regularly[139]. - The Board has maintained a composition of at least three independent non-executive Directors, representing over one-third of the Board, in compliance with GEM Listing Rules[134]. Employee and Management Practices - The employee count decreased to 312 from 410, with remuneration policies aligned with market conditions and performance[107]. - All executive Directors are under salaried employment, and their remuneration is reviewed based on skills, job responsibilities, and the Group's financial performance[161]. - The remuneration packages for executive Directors include core fixed elements and discretionary variable elements, determined by the Remuneration Committee[162]. Future Outlook - The semiconductor industry is expected to experience a resurgence, supported by strong fundamentals despite near-term headwinds[22]. - UBoT's market presence is reinforced by its technological sophistication and manufacturing excellence, positioning it to capture emerging opportunities in the high-end semiconductor market[25]. - The vision is to become a leading global provider of engineering solutions in the semiconductor and electronic manufacturing industry[125].
优博控股(08529) - 2024 - 年度财报