(Stock Code 股份代號: 0532) ANNUAL REPORT 年 報 2024 The WKK Group ANNUAL REPORT 年報 2024 | C T | O | N | E | N | T | S | | --- | --- | --- | --- | --- | --- | --- | | Corporate Information 公司資料 | | | | | | 3 | | Chairman's Statement 主席報告書 | | | | | | 4 | | Financial Highlights 財務摘要 | | | | | | 8 | | Five Years Financial Summary 五年財務概要 | | | | | | 9 | | Biographical Details of Directors and Senior Management 董事及高層管理人員個人資料 | | | | | | 11 | | Report of the Directors 董事會報告書 | | | | | | 21 | | Corporate Governance Rep ...

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。 WONG'S KONG KING INTERNATIONAL (HOLDINGS) LIMITED （於百慕達註冊成立之有限公司） （股份代號：532） 截至二零二四年十二月三十一日止年度之全年業績 Wong's Kong King International (Holdings) Limited（「本公司」）之董事會謹此宣佈，本公司及 其附屬公司（「本集團」）截至二零二四年十二月三十一日止年度之經審核綜合業績連同二零 二三年同期之比較數字如下： 合併利潤表 截至二零二四年十二月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 港幣千元 | 港幣千元 | | 收益 | 2 | 3,446,033 | 3,652,218 | | 其他收益，淨額 | | 8,477 | 12,860 | | 原材料及已動用消耗品 | | (1, ...

Financial Performance - The company reported a net loss attributable to equity holders of HK$81.635 million for the six months ended June 30, 2024, compared to a net loss of HK$40.221 million in the same period last year[2][3] - Revenue for the period decreased to HK$1,673.274 million from HK$1,948.158 million in the previous year, representing a decline of approximately 14.1%[3] - Operating loss widened to HK$64.162 million from HK$20.465 million in the prior year period[3] - Total comprehensive loss for the period was HK$78.470 million, compared to HK$57.539 million in the same period last year[5] - The company reported a net loss of HKD 1,118 thousand for the six months ended June 30, 2024[19] - The company's total loss for the period was HKD 81,635 thousand, with a pre-tax loss of HKD 70,861 thousand and tax expenses of HKD 10,774 thousand[47] - Net loss attributable to shareholders for the first half of 2024 was HKD 84.1 million, compared to HKD 53.4 million in the same period last year[119] - Basic loss per share increased to HKD (11.52) cents, compared to HKD (7.31) cents in 2023[75] Revenue and Sales - Revenue for the first month of the year reached 72,381 units, with a total of 71,341 units in stock and 1,610 units sold[16] - Total revenue for the six months ended June 30, 2024, was HKD 1,673,274 thousand, with external sales contributing HKD 736,586 thousand from the trade segment and HKD 914,525 thousand from the manufacturing segment[47] - The trade segment's external sales for the six months ended June 30, 2024, decreased to HKD 736,586 thousand from HKD 1,049,172 thousand in the same period in 2023[47][50] - The manufacturing segment's external sales for the six months ended June 30, 2024, increased to HKD 914,525 thousand from HKD 887,580 thousand in the same period in 2023[47][50] - Total revenue for the first half of 2024 decreased to HKD 1,673,274 thousand, down 14.1% compared to HKD 1,948,158 thousand in the same period of 2023[59] - Revenue from Hong Kong, Mainland China, and Taiwan dropped to HKD 856,481 thousand, a 26.4% decline from HKD 1,162,961 thousand in 2023[59] - European market revenue increased by 30.7% to HKD 480,668 thousand, up from HKD 367,651 thousand in 2023[59] - North America revenue decreased by 23.2% to HKD 209,609 thousand, compared to HKD 273,023 thousand in 2023[59] - Sales of goods declined to HKD 1,640,944 thousand, down 14.4% from HKD 1,918,132 thousand in 2023[60] - Revenue for the first half of 2024 was HKD 1.7 billion, a decrease of approximately 14% compared to the same period last year[119] - Industrial product trading and distribution division revenue decreased by 30% to HKD 700 million, with operating profit down 65% to HKD 14.5 million[119] - Original product manufacturing division revenue increased by 3% to HKD 900 million, with an operating loss of HKD 84.7 million[119] Assets and Liabilities - The company's total assets increased slightly to HK$3,215.752 million as of June 30, 2024, compared to HK$3,152.552 million at the end of 2023[8] - Total liabilities rose to HK$1,641.996 million from HK$1,479.501 million at the end of 2023, primarily due to an increase in bank borrowings to HK$817.709 million from HK$607.849 million[12] - Equity attributable to the company's shareholders decreased to HK$1,500.248 million from HK$1,576.849 million at the end of 2023[12] - The company's cash and cash equivalents increased to HK$621.241 million from HK$487.238 million at the end of 2023[8] - Non-current assets decreased to HK$595.134 million from HK$605.128 million at the end of 2023, mainly due to a reduction in property, plant, and equipment[8] - Total equity as of June 30, 2024, stood at HKD 1,733,589 thousand[19] - The company's total assets as of June 30, 2024, were HKD 1,853,147 thousand[19] - The company's total liabilities as of June 30, 2024, were HKD 1,648,858 thousand[19] - The company's total assets as of June 30, 2024, were HKD 3,152,552 thousand, with HKD 1,383,105 thousand in the trade segment and HKD 1,581,645 thousand in the manufacturing segment[55] - Total liabilities as of June 30, 2024, were HKD 1,479,501 thousand, with HKD 472,676 thousand in the trade segment and HKD 967,993 thousand in the manufacturing segment[55] - The company's bank borrowings increased from HKD 607,849 thousand to HKD 817,709 thousand in the first half of 2024[108] - Net gearing ratio stood at 9.8% as of June 30, 2024, with total equity of HKD 1.574 billion[121] Cash Flow and Financing - Net cash used in operating activities for the six months ended June 30, 2024, was HKD 17,757 thousand[21] - The company recorded a net cash outflow of HKD 8,751 thousand from investing activities for the same period[21] - Dividend income from a joint venture company amounted to HKD 3,604 thousand[21] - The company purchased property, plant, and equipment worth HKD 5,364 thousand during the period[21] - Short-term bank deposits increased by HKD 14,374 thousand[21] - Cash and cash equivalents increased by HKD 154,204 thousand, from HKD 487,238 thousand at the beginning of the period to HKD 621,241 thousand at the end of the period[23] - Net cash generated from financing activities was HKD 180,712 thousand, compared to a net cash outflow of HKD 225,540 thousand in the same period last year[23] - New bank borrowings amounted to HKD 1,311,975 thousand, while repayments of bank borrowings were HKD 1,102,115 thousand[23] - Interest paid on bank borrowings decreased to HKD 17,800 thousand from HKD 19,805 thousand in the previous year[23] - The company secured bank and other financial financing totaling HKD 2.587 billion, with HKD 941 million utilized as of June 30, 2024[121] Segment Performance - The trade segment reported a segment profit of HKD 13,093 thousand, while the manufacturing segment recorded a segment loss of HKD 67,967 thousand for the six months ended June 30, 2024[47] - Capital expenditures for the six months ended June 30, 2024, totaled HKD 5,364 thousand, with HKD 1,414 thousand in the trade segment and HKD 1,594 thousand in the manufacturing segment[57] - Depreciation of property, plant, and equipment for the six months ended June 30, 2024, was HKD 21,362 thousand, with HKD 15,721 thousand attributed to the manufacturing segment[57] Accounting and Financial Reporting - The company adopted revised accounting standards effective from January 1, 2024, including amendments to HKAS 1, HKAS 7, and HKFRS 16, with no significant impact on prior periods[29] - The company is evaluating the potential impact of new and revised standards that will become effective from January 1, 2025, including amendments to HKAS 21 and HKFRS 9[32] - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and should be read in conjunction with the annual report for the year ended December 31, 2023[26] - The company's financial instruments are categorized into Level 1, Level 2, and Level 3 based on the availability of observable market data, with Level 3 instruments including non-listed investments[43] - The audit committee reviewed the group's accounting principles, risk management, internal control systems, and financial reporting, including unaudited condensed interim financial information for the six months ended June 30, 2024[145] Shareholder and Equity Information - The company's issued and fully paid ordinary shares remained constant at 729,897,964 shares as of June 30, 2024, with a share capital of HKD 72,990 thousand[101] - The company has granted but not yet exercised 61,550,000 share options under the share option plan as of June 30, 2024[102] - The total number of share options that can be granted under the plan cannot exceed 10% of the total issued shares as of the plan adoption date without prior shareholder approval[102] - The exercise price of share options is determined by the board and cannot be less than the higher of the closing price on the grant date, the average closing price of the five business days preceding the grant date, or the par value of the shares[104] - The fair value of share options granted on June 14, 2019 was approximately HKD 7,379,000 using the Black-Scholes option pricing model[107] - Greatfamily Inc. holds 207,800,000 shares, representing 28.47% of the total issued shares[133] - Senta Wong (BVI) Limited holds 122,012,723 shares, representing 16.72% of the total issued shares[133] - Cantrust (Far East) Limited holds 51,003,881 shares, representing 6.99% of the total issued shares[133] - Wong Chung Chan holds 42,715,701 shares, representing 5.85% of the total issued shares[133] - No stock options were granted under the stock option plan during the six months ended June 30, 2024[137] - The total number of stock options outstanding as of June 30, 2024, is 61,550,000[137] - The company granted 71,650,000 share options on June 14, 2019, with 70,450,000 subsequently accepted by grantees[139] - The fair value of the share options granted was approximately HKD 7,379,000, calculated using the Black-Scholes option pricing model[139] - The weighted average of all shares that may be issued under the new plan during the fiscal year divided by the weighted average number of shares issued during the period is 0.0846[139] Risk Management and Corporate Governance - The company's financial risk management policies remained unchanged since December 31, 2023, with exposure to market risks, credit risks, and liquidity risks[35] - Financial assets are measured at fair value, categorized into Level 1, Level 2, and Level 3 based on observable market inputs[38] - The company complied with the Corporate Governance Code of the Hong Kong Stock Exchange, except for a deviation regarding the retirement and re-election of directors[141] - No listed securities of the company were purchased, sold, or redeemed by the company or its subsidiaries during the six months ended June 30, 2024[143] - All directors confirmed compliance with the standard code of conduct for securities transactions during the six months ended June 30, 2024[144] Other Financial Information - The company's share of profit from joint ventures increased to HK$8.605 million from HK$5.278 million in the prior year period[3] - Net financing costs improved slightly to HKD (15,304) thousand, compared to HKD (15,820) thousand in 2023[67] - Property, plant, and equipment acquisitions totaled HKD 5,364 thousand, up from HKD 4,889 thousand in 2023[78] - New lease agreements for buildings were signed with terms of 2-4 years, adding HKD 662 thousand in right-of-use assets[79] - Fair value of financial assets at fair value through other comprehensive income increased to HKD 53,421 thousand as of June 30, 2024, up from HKD 31,050 thousand as of December 31, 2023, representing a 72% increase[81] - Net fair value gain on financial assets at fair value through other comprehensive income was HKD 22,655 thousand for the six months ended June 30, 2024, compared to HKD 440 thousand for the same period in 2023[81] - Trade and other receivables totaled HKD 1,008,245 thousand as of June 30, 2024, slightly down from HKD 1,009,485 thousand as of December 31, 2023[91][92] - Trade and other payables decreased to HKD 487,543 thousand as of June 30, 2024, from HKD 531,255 thousand as of December 31, 2023, a decrease of 8.2%[97] - Contract liabilities related to the sale of goods and provision of services increased to HKD 102,013 thousand as of June 30, 2024, up from HKD 58,938 thousand as of December 31, 2023, a 73% increase[99] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024[90] - Non-listed equity securities valued at HKD 48,000 thousand were subject to a marketability discount of 15.7%, with a +/-1,000 basis point change potentially impacting fair value by HKD 4,800,000[84] - The company engaged an external, independent, and qualified valuer to determine the fair value of non-listed equity securities at least once every six months[89] - Trade receivables aged over 90 days increased to HKD 297,808 thousand as of June 30, 2024, from HKD 253,858 thousand as of December 31, 2023[94] - The company has committed capital expenditures of HKD 406 thousand for property, plant, and equipment as of June 30, 2024[111] - The company's related party transactions in the first half of 2024 included ticket and tourism revenue of HKD 524 thousand and service fee revenue of HKD 147 thousand[113] - The total remuneration for key management personnel in the first half of 2024 was HKD 29,485 thousand, including salaries, wages, commissions, allowances, and retirement benefits[116] - The board does not recommend paying an interim dividend for the six months ended June 30, 2024[118] - The company has 3,788 employees, with 2,794 based in China and 790 overseas as of June 30, 2024[122] - The company expects demand for industrial products in the trade and distribution division to remain stable in the second half of 2024[123] - Large-scale production of products from the Mexico manufacturing facility is expected to begin in the second half of 2024[123]

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。 截至六月三十日止六個月 （於百慕達註冊成立之有限公司） WONG'S KONG KING INTERNATIONAL (HOLDINGS) LIMITED （股份代號：532） 二零二四年中期業績 Wong's Kong King International (Holdings) Limited（「本公司」）之董事會謹此宣佈，本公司及 其附屬公司（「本集團」）截至二零二四年六月三十日止六個月之未經審核綜合業績連同二零 二三年同期之比較數字如下： 簡明合併利潤表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |----------------------------|-------|-------------------------|-----------------------| | | | 二零二四年 | 二零二三年 | | | 附註 | （未經審核） 港幣千元 ...

| C T E | O | N | N | T | S | | --- | --- | --- | --- | --- | --- | | Corporate Information 公司資料 | | | | | 3 | | Chairman's Statement 主席報告書 | | | | | 4 | | Financial Highlights 財務摘要 | | | | | 8 | | Five Years Financial Summary 五年財務概要 | | | | | 9 | | Biographical Details of Directors and Senior Management 董事及高層管理人員個人資料 | | | | | 11 | | Report of the Directors 董事會報告書 | | | | | 22 | | Corporate Governance Report 企業管治報告 | | | | | 37 | | Environmental, Social and Governance Report 環境、社會及管治報告 | | | | | 58 | | Ind ...

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。 Wong's Kong King International (Holdings) Limited（「本公司」）之董事會謹此宣佈，本公司及 其附屬公司（「本集團」）截至二零二三年十二月三十一日止年度之經審核綜合業績連同二零 二二年同期之比較數字如下： | --- | --- | --- | --- | |-------------------------------------|-------|------------------|----------------| | | | 二零二三年 | 二零二二年 | | | 附註 | 港幣千元 | 港幣千元 | | 收益 | 3 | 3,652,218 | 4,609,007 | | 其他收益，淨額 | | 12,860 | 27,095 | | 原材料及已動用消耗品 | | (1,703,612) | (2,071,050) | | 購買製成品 | | (1 ...

WKK WONG'S KONG KING INTERNATIONAL (HOLDINGS) LIMITED ( Incorporated in Bermuda with limited liability ) (Stock Code: 0532) INTERIM REPORT 2023 中期報告 以上之簡明合併利潤表應連同附註一併閱讀。 Wong's Kong King International (Holdings) Limited（「本公司」）之董事會謹此宣 佈，本公司及其附屬公司（「本集團」）截至二零二三年六月三十日止六個月之未 經審核綜合業績連同二零二二年同期之比較數字如下： | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|---------------------- ...

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。 WONG’S KONG KING INTERNATIONAL (HOLDINGS) LIMITED （於百慕達註冊成立之有限公司） （股份代號：532） 二零二三年中期業績 Wong’s Kong King International (Holdings) Limited（「本公司」）之董事會謹此宣佈，本公司及 其附屬公司（「本集團」）截至二零二三年六月三十日止六個月之未經審核綜合業績連同二零 二二年同期之比較數字如下： 簡明合併利潤表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 港幣千元 港幣千元 收益 3 1,948,158 2,415,577 其他收益，淨額 6,639 10,522 原材料及已動用消耗品 (769,440) (1,026,502) ...

WONG'S KONG KING INTERNATIONAL (HOLDINGS) LIMITED ( Incorporated in Bermuda with limited liability ) (Stock Code: 0532) Executive Directors Senta Wong (Chairman) Edward Ying Chun Tsui (Group President and Chief Executive Officer) Byron Shu Chan Ho (Chief Financial Officer) Man Hang Kwong Vinci Wong Victor Jui Shum Chang Auditor PricewaterhouseCoopers Certified Public Accountants and Registered Public Interest Entity Auditor 非執行董事 核數師 羅兵咸永道會計師事務所 執業會計師及註冊 公眾利益實體核數師 股票登記處 主要登記處 MUFG Fund Services (Bermuda) Li ...

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。 WONG’S KONG KING INTERNATIONAL (HOLDINGS) LIMITED （於百慕達註冊成立之有限公司） （股份代號：532） 截至二零二二年十二月三十一日止年度之全年業績 Wong’s Kong King International (Holdings) Limited（「本公司」）之董事會謹此宣佈，本公司及 其附屬公司（「本集團」）截至二零二二年十二月三十一日止年度之經審核綜合業績連同二零 二一年同期之比較數字如下： 合併利潤表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 港幣千元 港幣千元 收益 2 4,609,007 5,411,914 其他收益，淨額 27,095 43,691 原材料及已動用消耗品 (2,071,050) (2,262,413) 購買製成品 (1,583,667) (2,065,457) 製成品及在製品存貨之變動 118,479 ...