目 錄 | 2 | 公司資料 | | --- | --- | | 3-5 | 主席報告 | | 6-13 | 管理層討論及分析 | | 14-22 | 董事及高級管理層的履歷詳情 | | 23-40 | 企業管治報告 | | 41-56 | 董事會報告 | 1 登輝控股有限公司 2024 年年報 57-61 獨立核數師報告 62 綜合損益表 63 綜合全面收益表 64-65 綜合財務狀況表 66 綜合權益變動表 67-68 綜合現金流量表 69-125 財務報表附註 126 財務摘要 公司資料 董事會 執行董事 陳偉明先生 （行政總裁） 趙維光先生 鄧美華女士 俞國偉博士 非執行董事 陳鑑光博士 （主席） 鄭玉嬋女士（亦稱為鄭玉而女士） 獨立非執行董事 蔡志良先生 陳承志先生 陳德宜女士 梁麗兒女士 陳炳炎先生（於二零二四年六月二十一日退任） 董事委員會 審核委員會 陳德宜女士 （主席） 蔡志良先生 陳承志先生 梁麗兒女士 陳炳炎先生（於二零二四年六月二十一日退任） 薪酬委員會 陳承志先生 （主席） 蔡志良先生 陳德宜女士 梁麗兒女士 陳炳炎先生（於二零二四年六月二十一日退任） 蔡志良先生 （主席） 陳承志先 ...

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 或任何部分內容所產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：1692） （於開曼群島註冊成立的有限公司） 截至二零二四年十二月三十一日止年度 全年業績公告 財務摘要 – 1 – • 收益由截至二零二三年十二月三十一日止年度約704.4百萬港元輕微減少 約0.8百萬港元或約0.1%至截至二零二四年十二月三十一日止年度約703.6 百萬港元。 • 毛利由截至二零二三年十二月三十一日止年度約245.4百萬港元減少約13.7 百萬港元或約5.6%至截至二零二四年十二月三十一日止年度約231.7百 萬 港元。 • 毛利率由截至二零二三年十二月三十一日止年度約34.8%減少約1.9個百分 點至截至二零二四年十二月三十一日止年度約32.9%。 • 截至二零二四年十二月三十一日止年度，本公司股權持有人應佔溢利由截 至二零二三年十二月三十一日止年度約122.2百萬港元減少約14.6百萬港 元或約11.9%至截至二零二四年十二月三十一日止年度約107.6百萬港元。 截至 ...

wnRay 中期報告 2024 登輝控股有限公司 Town Ray Holdings Limited t於開曼群島註册成立的有限公司) 股份代號： 1692 TURBOW 1818 n 目錄 | --- | --- | |-------|--------------------------| | | | | 2-3 | 公司資料 | | 4-14 | 管理層討論及分析 | | 15-27 | 企業管治及其他資料 | | 28 | 中期簡明綜合損益表 | | 29 | 中期簡明綜合全面收益表 | | 30-31 | 中期簡明綜合財務狀況表 | | 32 | 中期簡明綜合權益變動表 | | 33-34 | 中期簡明綜合現金流量表 | | 35-48 | 中期簡明綜合財務資料附註 | 公司資料 董事會 公司秘書 執行董事 趙維光先生 陳偉明先生（行政總裁） 授權代表 趙維光先生 鄧美華女士 陳偉明先生 俞國偉先生 趙維光先生 總部及香港主要營業地點 非執行董事 陳鑑光博士（主席） 香港 鄭玉嬋女士（亦稱為鄭玉而女士） 新界 葵涌 獨立非執行董事 青山公路葵涌段403號 匯城集團大廈 蔡志良先生 陳承志先生 25樓A ...

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 或任何部分內容所產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：1692） （於開曼群島註冊成立的有限公司） 截至二零二四年六月三十日止六個月 中期業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 收益由截至二零二三年六月 ...

Financial Performance - Net profit for the year ended December 31, 2023, is detailed in the consolidated financial statements on pages 60 to 117 of the annual report[2] - Total equity as of December 31, 2023, was HK$344,678,000, compared to HK$349,926,000 in 2022[21] - The company's reserves as of December 31, 2023, were HK$341,088,000, down from HK$346,336,000 in 2022[27] - The company has approximately HKD 146.9 million in distributable reserves as of December 31, 2023[44] - The company's revenue for the year was approximately HKD 704.4 million, with a gross profit of HKD 245.4 million and a gross profit margin of 34.8%[155] - The net profit attributable to equity holders was approximately HKD 122.2 million, with a net profit margin of 17.3%[155] - Earnings per share for the year were approximately HKD 0.3404, compared to HKD 0.3741 in the previous year[155] - Gross profit margin increased by 2.9 percentage points from 31.9% in 2022 to 34.8% in 2023, driven by RMB depreciation, reduced raw material costs, and lower indirect costs[177] - Gross profit decreased by HKD 17.1 million (6.5%) from HKD 262.5 million in 2022 to HKD 245.4 million in 2023, primarily due to lower sales of cooking appliances[177] - Total revenue decreased by HKD 119.3 million (14.5%) from HKD 823.7 million in 2022 to HKD 704.4 million in 2023, mainly due to reduced sales of cooking appliances[196] - Financing costs decreased from HKD 4.0 million in 2022 to HKD 2.6 million in 2023, driven by lower interest expenses on bank loans and lease liabilities[178] - Other income and net gains increased from HKD 11.1 million in 2022 to HKD 14.5 million in 2023, mainly due to higher bank interest income[187] Dividends and Shareholder Returns - The company proposed a final dividend of HK$0.151 per share, totaling approximately HK$54.2 million, to be paid on or before July 11, 2024, subject to shareholder approval[2] Corporate Governance and Board Structure - The company's auditors, Ernst & Young, will retire at the 2024 Annual General Meeting, and a resolution for their reappointment will be proposed[11] - The company's directors, including CEO Mr. Chan Wai Ming, are required to retire at the 2024 Annual General Meeting and are eligible for re-election[30] - The company has no significant transactions, arrangements, or contracts involving directors or their connected entities that are material to the group's business[31] - The company's directors have service agreements with an initial fixed term of three years, automatically renewable for successive three-year terms unless terminated[32] - The company's board of directors consists of 11 members, including 4 executive directors, 2 non-executive directors, and 5 independent non-executive directors[110] - The company supports the separation of the roles of chairman and CEO, currently held by Dr. Chen Jianguang and Mr. Chen Weiming, respectively, with clearly defined responsibilities[112] - The company has complied with the listing rules regarding the composition of the board, with independent non-executive directors making up at least one-third of the board members[113] - The company has received annual written confirmations from independent non-executive directors regarding their independence, and no independent non-executive director has served on the board for more than nine years as of December 31, 2023[115] - The Board of Directors ensures the appointment of at least three independent non-executive directors, with at least one-third of the Board being independent non-executive directors, to maintain high independence[133] - The Board conducts an annual review of the mechanisms ensuring independence and confirms their proper execution[134] - The Board of Directors is responsible for leading and monitoring the company, overseeing the group's business, strategic direction, and performance, and implementing financial policies, including risk management and internal control[135] - All directors have access to relevant information and can seek independent professional advice at the company's expense to ensure compliance with board procedures and applicable laws and regulations[135] - Each new director receives an induction upon appointment to ensure they understand the company's business and operations and are fully aware of their responsibilities under the listing rules and statutory requirements[139] - The Board of Directors holds regular meetings at least four times a year, with all directors given at least 14 days' notice for regular meetings[141] - The company has adopted a Board Diversity Policy to enhance board performance, considering factors such as gender, age, cultural background, education, race, professional experience, and skills[147] - The Board has set measurable goals for gender diversity, aiming for at least one female director and one director with different professional qualifications or experience from the company's main business[148] - The Board has reviewed the implementation and effectiveness of the Board Diversity Policy and considers it to be sufficient and effective[149] - The company appointed two new female independent non-executive directors in 2023, bringing the total number of female board members to four, achieving gender diversity[150] - The company's employee gender composition as of December 31, 2023, was approximately 40% male and 60% female[152] - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with defined terms of reference and responsibilities[153] - The Audit Committee consists of five independent non-executive directors, responsible for financial reporting, internal controls, and risk management systems[158] - The company's board diversity policy includes a list of suitable skills, experience, qualifications, and perspectives for potential board candidates[150] - The company's employee diversity plan aims to maintain a balanced gender diversity in the foreseeable future[152] - The company's board committees are provided with sufficient resources to fulfill their duties, including access to management and professional advice when necessary[153] - The company's nomination committee reviewed the independence of independent non-executive directors and considered directors retiring and being re-elected at the 2024 annual general meeting[169] - The company's remuneration committee reviewed and approved management's remuneration proposals and provided recommendations on compensation for directors and senior management[164] - The company has adopted a nomination policy outlining the methods and procedures for selecting and appointing directors, including additional, replacement, and re-election of directors[198] - The Nomination Committee is authorized to oversee the implementation, monitoring, and periodic review of the nomination policy[198] - Criteria for evaluating and selecting director candidates include character, integrity, diversity goals, independence, qualifications, skills, experience, and willingness to commit time[198] - The company utilizes multiple channels, including recommendations from directors, shareholders, management, advisors, and external headhunters, to identify suitable director candidates[199] - The Nomination Committee compiles a shortlist of candidates based on selection criteria and other relevant factors for consideration by the Board[199] - The Board holds the final authority to decide on the appointment of suitable director candidates[199] Directors and Senior Management - The company's directors and senior management receive compensation including salaries and performance-based discretionary bonuses, with market-level benchmarking[34] - The company has appointed two new directors, Ms. Chan Tak Yee and Ms. Leung Lai Yee, effective December 21, 2023[35] - The company's CEO, Mr. Chan Wai Ming, has over 26 years of accounting experience and holds various leadership roles in industry associations[49][50][51] - The company's directors and senior officers have disclosed their interests in shares and debentures as required under the Securities and Futures Ordinance[39][41] - The company's directors and senior management are subject to non-compete commitments and have disclosed their interests in competing businesses[35] - The company's non-executive director, Dr. Chan Kam Kwong, has over 47 years of experience in the home appliance industry, having held various senior positions including Senior Buyer and Director at Dixons Stores Group (Far East) Limited[66] - Dr. Chan Kam Kwong has been involved in strategic planning, development planning, and investment planning for the company, and serves as a director for multiple subsidiaries including Tung Po Group Limited and Tung Po Electric (Huizhou) Limited[65][66] - The company's independent non-executive director, Mr. Choi Chi Leung, has over 43 years of experience in the electrical products manufacturing and sales industry, having founded and served as a director for Lok Fung Industrial Limited and Sun Kei Industrial Limited[69] - Ms. Chan Tak Yee, an independent non-executive director, has over 15 years of experience in corporate finance, mergers and acquisitions, and compliance with listing rules, having worked at Ernst & Young and the Listing Division of the Stock Exchange of Hong Kong[72] - Ms. Leung Lai Yee, another independent non-executive director, has over 37 years of experience in the financial industry, specializing in property investment and mortgage brokerage services in the UK market[73] - The company's R&D Director, Mr. Li Bowen, has over 32 years of experience in product engineering, inspection, and development[76] - The company's Engineering Director, Mr. Zhu Mingde, has over 35 years of experience in product engineering, inspection, and development[80] - The company's Design Director, Mr. Pan Zhengzheng, has over 31 years of experience in product design and development[81] - The company's sales director, Mr. Li Guohao, has over 14 years of experience in product development and project management, and was promoted to Senior Sales Project Manager in May 2021 and Sales Director in April 2022[122] - The company's CFO, Ms. Dong Mingyao, has over 18 years of experience in accounting and finance, and was promoted to Financial Manager in October 2019 and CFO in April 2023[123] - The company's Innovation and Applied Technology Director, Mr. Lu Heqiang, has over 19 years of experience in procurement and product engineering, and was promoted to Director in September 2023[125] Operational and Strategic Initiatives - The company maintains stable and high-quality raw material supplies through established relationships with approved suppliers, potentially securing more competitive pricing[4] - The company has implemented a mandatory provident fund scheme for eligible employees, with contributions based on a percentage of their basic salary[9] - The company has made appropriate insurance arrangements for directors and senior officers against potential legal actions arising from corporate activities[46] - The company's subsidiary is registered as a wholly foreign-owned enterprise under Chinese law[36] - The company completed the acquisition of parking spaces on February 29, 2024, and expects to complete the acquisition of 7A and 7B rooms by April 8, 2024[84] - The company maintained strong cash flow through rigorous fund management, ensuring high operational flexibility[91] - The company leveraged core technologies and product uniqueness to secure new orders and complete several new projects[91] - The company's sales, marketing, production, and R&D teams maintained strong relationships with customers, delivering high-quality products[91] - The company's financial statements for the year ended December 31, 2023, were reviewed by the audit committee[87] - The company's audit committee was established on October 3, 2019, with clearly defined powers and responsibilities[86] - The company has no significant matters to disclose after December 31, 2023, up to the date of the annual report[85] - The company's controlling shareholders, including Dr. Chen Jianguang, Ms. Zheng Yuchan, and Modern Expression, have complied with the non-compete deed established on October 3, 2019, with no violations reported as of December 31, 2023[95] - The company's subsidiaries in mainland China participate in a unified retirement benefit plan, contributing a certain percentage of salary costs as required by local municipal regulations[96] - The company maintained a public float of at least 25% of its issued share capital as required by the listing rules throughout the year and up to the date of the annual report[99] - The company's mission is to become a top supplier of advanced electric heating home appliances, guided by five core values: "Exquisite Design," "Exquisite Value," "Exquisite Quality," "Exquisite Communication," and "Exquisite Service"[104] - The company's strategy includes upgrading production facilities, enhancing product design and development capabilities, expanding the customer base, and upgrading IT systems[104] - The company successfully navigated challenges in 2023, maintaining stable performance despite high inflation and rising interest rates, with resilience and determination[131] - In 2024, the EU's record-low unemployment and rising real wages are driving signs of recovery in European retail demand, though inflation-related challenges such as reduced consumption and inventory issues persist[132] - The company maintained stable order volumes despite reduced orders during the year, benefiting from the depreciation of the RMB against the USD, which helped reduce operating costs and improve gross margins[174] - The company expects inventory clearance measures by European retailers to end mainly in the second half of 2024, laying the foundation for new inventory replenishment and subsequent order growth[175] - The company implemented internal measures such as comprehensive employee training, adoption of automated production systems, and Industry 4.0 standards, significantly improving production quality and operational efficiency[174] - The company operates in over 30 countries and regions, supplying high-end electric home appliances to internationally renowned brands, with products categorized into clothing care appliances and cooking appliances[173] - The company maintained a robust financial strategy, rigorously managing cash flow and optimizing operational efficiency through prudent inventory management[174] - The company's board and audit committee reviewed and discussed the audited annual financial statements, risk management, and internal control systems for the year ended December 31, 2023[160] - The company's remuneration policy aims to provide competitive but not excessive compensation to directors, including fixed salaries, bonuses, and share options, benchmarked against companies of similar size and business[165] - The company's chairman expressed gratitude for the stable performance achieved in 2023 despite challenges and emphasized the commitment to maximizing long-term returns for stakeholders[171] - The company plans to launch several new cooking appliance models in the second half of 2024, targeting different market segments with competitive pricing[183][185] - The company is focusing on market expansion in the US, South America, Southeast Asia, and China, leveraging economic resilience and potential interest rate cuts in 2024[183] - The company is investing in upgrading operations to Industry 4.0 standards to improve production efficiency and reduce costs[183] - The company is committed to product development and innovation, aiming to maintain its competitive advantage and industry leadership[183][185] - The company is diversifying its customer base and introducing new product designs to revitalize the market and explore emerging opportunities[186] Awards and Recognition - The company received multiple prestigious industry awards, including the "Outstanding Listed Company Award 2023" by 730 Media Limited, the "International Diamond Prize for Excellence in Quality" by the European Society for Quality Research, and the "2023 Decision Analysis Excellence Award - Outstanding Business Analysis Award" by Hang Seng University of Hong Kong[63] - The company was recognized for the third time by Forbes as one of the "2023 Forbes Asia 200 Best Under A Billion" companies[63] - The company's performance and diligence were acknowledged through various awards, highlighting the team's dedication and hard work[63] Shareholder Information - The Chairman, Dr. Chan, holds 213,640,000 shares (59.51%) through controlled entities, and his spouse holds 6,806,000 shares (1.90%)[37] - The company has not entered into any equity-linked agreements other than the share option plan as of December 31, 2023[45] - The company has established written guidelines for securities transactions by employees, with no reported violations of these guidelines[108]

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 或任何部分內容所產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：1692） （於開曼群島註冊成立的有限公司） 截至二零二三年十二月三十一日止年度 全年業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 收益由截至二零二二年十二月三十一日止年度約 823.7 百萬港元減少約 119. ...

| --- | --- | --- | --- | --- | |----------|--------------|------------|--------------|------------| | | | | ■状難要在 | 區块雅驿站 | | | | | 所持股份數目 | 的股權概约 | | 董事姓名 | 舉如圖拔貓要 | 身份／性質 | (附註1) | 百分比 | 1. 除上文所披露外·於二零二三年六月三十日·概無董事或本公司最高行政 人員於本公司或其任何相聯法團(定義見證券及期貨條例第XV部)之股份· 相關股份或債權證中擁有(i)根據證券及期貨條例第 XV部第 7及第8分部之規 定須知會本公司及聯交所之權益或淡倉(包括根據證券及期貨條例之有關條 文而當作或視為彼等擁有之權益或淡倉):或(ii)根據證券及期貨條例第352 條須登記於該條所進之登記冊內之權益或淡倉;或(ii)根據標準守則須知會 本公司及聯交所之權益或淡倉。 股份數量 權益(附註2) 奥另一名人士共同持有 鄭女士 Modern Expression 100% 1 (L) 檯益(附註2) 附註： 1. 字母 [L] 表示該人士於有關股份 ...

– 12 – 根 據 發 票 日 期 及 扣 除 虧 損 撥 備 後，於 報 告 期 末 貿 易 應 收 款 項 的 賬 齡 分 析 如 下： | --- | --- | --- | |---------------|-------------------|---------------------------| | | 二 零 二 三 | 年 二 零 二 二 年 | | | 六 月 三 十 | 日 十二月三十一日 | | | 千 港 | 元 千 港 元 | | | （未 經 審 | 核） （經 審 核） | | | | | | 30 天 內 | 49,007 | 58,157 | | 31 至 90 天 | 22,603 | 36,706 | | 超 過 90 天 | 2,832 | 3,204 | | | | | | | 74,442 | 98,067 | 10. 貿 易 應 付 款 項 – 11 – 7. 股 息 | --- | --- | --- | |--------------------------------------------------------------------------- ...

登輝控股有限公司 Town Ray Holdings Limited (於開曼群島註册成立的有限公司) 股份代號： 1692 年報 2022 目 錄 | --- | --- | --- | |--------|------------------|----------------------------| | | | | | | | | | 2 | 公司資料 | | | 3–4 | 主席報告 | | | 5–11 | 管理層討論及分析 | | | 12–20 | | 董事及高級管理層的履歷詳情 | | 21–39 | 企業管治報告 | | | 40–54 | 董事會報告 | | | 55–59 | 獨立核數師報告 | | | 60 | 綜合損益表 | | | 61 | 綜合全面收益表 | | | 62–63 | 綜合財務狀況表 | | | 64 | 綜合權益變動表 | | | 65–66 | 綜合現金流量表 | | | 67–117 | 財務報表附註 | | | 118 | 財務摘要 | | | | | | 公司資料 | --- | --- | |------------------------------- ...

二 零 二 三 年 股 東 週 年 大 會 擬 定 於 二 零 二 三 年 五 月 二 十 五 日（星 期 四）舉 行。 召 開 二 零 二 三 年 股 東 週 年 大 會 的 通 告 將 根 據 適 用 法 律、細 則 及 上 市 規 則 向 股 東 發 出 及 寄 發。 於 二 零 二 二 年 第 二 季 度，俄 烏 軍 事 衝 突 爆 發 初 期 對 登 輝 的 客 戶 影 響 有 限。 衝 突 持 續 時 間 較 預 期 長，在 水 電 及 能 源 成 本 攀 升 下，導 致 通 脹 嚴 重。因 此， 歐 洲 市 場 於 本 年 度 下 半 年 迅 速 降 溫，導 致 部 分 零 售 商 放 慢 市 場 計 劃，並 減 少 庫 存 以 紓 緩 財 政 壓 力。美 國 聯 邦 儲 備 局 為 減 慢 通 脹，於 本 年 度 將 聯 邦 基 金 利 率 由0.07%調 升 至4.33%，使 企 業 投 資 及 消 費 者 支 出 於 本 年 度 下 半 年 更 加 審 慎。儘 管 如 此，由 於 與 擁 有 悠 久 歷 史 及 市 場 領 先 地 位 的 主 要 客 戶 的 關 係 密 切，本 集 團 的 ...