比特币跌破102000美元/枚，日内跌2.58%。 ...

小鹏汽车第一季度营收158.1亿元人民币，市场预估156.3亿元人民币。 第一季度净亏损6.60亿元人民币。 预计第二季度汽车交付量102000辆至108000辆。 小鹏汽车美股盘前涨近5%。 第一季度交付量94008辆，市场预估90592辆。 预计第二季度营收175亿元至187亿元人民币。 | | | 截至以下日期止三個月 | | 變動比率 | | | --- | --- | --- | --- | --- | --- | | | 2025年 | 2024年 | 2024年 | | | | | 3月31日 | 12月31日 | 3月31日 | 按年比 | 按季比 | | 汽車銷售收入 | 14.37 | 14.67 | 5.54 | 159.2% | -2.1% | | 汽車毛利率 | 10.5% | 10.0% | 5.5% | 5.0個百分點 | 0.5個百分點 | | 總收入 | 15.81 | 16.11 | 6.55 | 141.5% | -1.8% | | 毛利 | 2.46 | 2.32 | 0.84 | 191.5% | 5.8% | | 毛利率 | 15.6% | 14.4% | 12.9 ...

智通财经5月21日电，小鹏汽车预计第二季度营收175亿元人民币至187亿元人民币；交付量10.2万至10.8 万辆，同比增237.7-257.5%。 ...

Financial Performance - The Group recorded a loss attributable to owners of the Company of HK$94.8 million for the year, compared to a profit of HK$344.3 million in 2023, resulting in a basic loss per share of HK4.42 cents[8]. - Total turnover for the year was HK$429.4 million, representing a decrease of 21.1% from HK$543.9 million in the previous year[13]. - The loss attributable to owners of the Company for the first half of the year was HK$82.3 million, while the second half saw a reduced loss of HK$12.5 million[13]. - Impairment assessments of investment properties totaled HK$56.0 million, contributing to the overall loss for the year[15]. - An exchange loss of HK$30.8 million was incurred due to the deregistration of two subsidiaries, affecting the profit and loss but not the total net asset value[15]. - The Group's revenue for the Year was HK$429.4 million, a decrease of 21.0% from HK$543.9 million in 2023[41]. - Revenue from the Core Business, which includes handsets and IoT terminals, decreased by 21.8% to HK$384.3 million compared to HK$491.2 million in 2023[41]. - The revenue from property management (Non-core Business) decreased by 14.6% to HK$45.0 million in 2024, down from HK$52.8 million in 2023[41]. - The gross profit for Core Business was HK$51.5 million, with a gross profit margin of 13.4%, down from 15.3% in 2023[42]. - The overall gross profit margin of the Group for the Year was 21.7%, slightly down from 22.1% in 2023[42]. - The basic loss per share for the Year was HK4.42 cents, a decline from earnings per share of HK16.07 cents in 2023[49]. Business Segments - The handsets and IoT terminals business generated a turnover of HK$338.0 million, down 28.6% year-on-year, with a gross profit of HK$32.4 million, a decrease of 45.3%[20]. - The automotive intelligent products business, through Shanghai Zhenkang, achieved a turnover of HK$46.3 million but recorded a segment loss of HK$30.8 million due to significant R&D investments[22]. - The Group's revenue from the handsets and IoT terminals business decreased by 28.6% year-on-year to HK$338.0 million in 2024, down from HK$473.7 million in 2023, with a gross profit margin declining to 9.6% from 12.5%[54][55]. - The automotive intelligent products business, acquired last year, recorded a gross profit margin of 41.1% in 2024, but still faced significant losses due to non-capitalized R&D expenses[56][57]. Operational Efficiency - The Group optimized its structure and workforce, incurring a one-off loss of HK$28.0 million related to employee compensation and inventory clearance[17]. - The Group focused on controlling expenses and enhancing resource utilization while developing new customers, particularly in overseas markets[21]. - The inventory turnover period improved significantly to 75 days in 2024 from 119 days in 2023, reflecting enhanced operational efficiency[62][66]. - The trade and notes receivables turnover period increased to 82 days in 2024 from 59 days in 2023 due to relaxed credit policies for selected customers[63][66]. - The trade and notes payables turnover period decreased to 105 days in 2024 from 123 days in 2023, as the Group implemented a restrictive procurement policy[64][66]. - The current ratio as of December 31, 2024, was 3.1 times, slightly down from 3.3 times in 2023, indicating stable liquidity[65][66]. Financial Position - As of December 31, 2024, the Group had bank balances and cash of HK$360.3 million, significantly up from HK$74.2 million in 2023, with 89.9% held in Renminbi[58][60]. - The total bank borrowings amounted to HK$29.2 million as of December 31, 2024, down from HK$33.0 million in 2023, all denominated in Renminbi[58][60]. - As of December 31, 2024, the total assets of the Group were HK$1,921.2 million, down from HK$2,149.5 million as of December 31, 2023[77]. - The Group's bank borrowings decreased to HK$29.2 million as of December 31, 2024, compared to HK$33.0 million as of December 31, 2023[77]. - The gearing ratio remained stable at 1.5% as of December 31, 2024, consistent with the previous year[77]. - The total staff costs incurred by the Group amounted to HK$137.7 million in the current year, down from HK$189.1 million in the previous year[82]. - The Group had approximately 570 employees as of December 31, 2024, a decrease from 688 employees in 2023[82]. Management and Governance - The Group's executive management includes Mr. Wong Cho Tung and Mrs. Wong, both aged 80, who are the founders and responsible for the strategic direction and development plans of the Group[115][116]. - Mr. Zhu Wenhui, aged 43, serves as the executive Director and general manager of the finance department, focusing on financial management control systems and risk management[123][124]. - Mr. Zhu Qi, aged 45, is the COO and has extensive experience in market and product development, responsible for operations and quality control in the PRC[126][127]. - Mr. Wong Hei, Simon, aged 52, is a non-executive Director with over 26 years of experience in the electronics and telecommunications industry, involved in multiple investment holding companies[129]. - The Group has established a financial management control system to enhance comprehensive budgeting and accounting analysis[123]. - The Group's strategic focus includes expanding its operations in the electronics and telecommunications sectors, leveraging the experience of its senior management[115][116][126]. - The Group's leadership has a combined experience of several decades in the electronics and telecommunications industry, ensuring informed decision-making[115][116][126][129]. Shareholder Information - The Board does not recommend the payment of a final dividend to Shareholders for the Year[148]. - There were no arrangements with any Shareholder regarding waiving dividends[148]. - The company did not purchase, sell, or redeem any of its listed securities during the year[160]. - As of December 31, 2024, Mr. Wong Cho Tung held a total of 1,232,996,000 shares, representing approximately 57.53% of the company's equity[173]. - Ms. Yeung Man Ying held a total of 759,091,000 shares, representing approximately 35.42% of the company's equity[173]. - The company has adopted a share option scheme that will remain in force until June 1, 2026[177]. - The directors are not aware of any tax relief or exemption available to shareholders due to their holdings in the company's securities[164]. - The company did not enter into any equity-linked agreements during the year[176]. Share Option and Award Schemes - The Existing Share Option Scheme allows for the issuance of options not exceeding 10% of the total issued shares, which is 255,789,630 shares, representing approximately 11.93% of the issued shares as of the report date[186][188]. - No share options have been granted, vested, cancelled, or lapsed under the Existing Share Option Scheme since its adoption, with a total of 255,789,630 shares available for grant as of December 31, 2024[192]. - The subscription price for shares under the Existing Share Option Scheme must be at least the highest of the closing price on the offer date, the average closing price for the preceding five business days, or the nominal value of a share[190]. - The total number of shares issued to each participant under the Existing Share Option Scheme in any 12-month period shall not exceed 1% of the aggregate number of issued shares[187]. - Any grant of options to a substantial shareholder or independent non-executive Director must be approved by independent non-executive Directors[189]. - The maximum number of shares that may be allotted upon exercise of all outstanding options must not exceed 30% of the aggregate number of issued shares from time to time[186]. - The Existing Share Option Scheme is designed to incentivize and retain high-caliber employees and attract valuable human resources[183]. - No performance target or minimum holding period is required for options under the Existing Share Option Scheme[191]. - The offer for options must be accepted within five days from the date of the offer[191]. - The Directors may determine the exercise period for options, which shall not exceed 10 years from the date of grant[192]. - The total number of shares available for grant under the Share Award Scheme as of January 1, 2024, was 194,879,030 shares[200]. - The Share Award Scheme was adopted on September 30, 2020, and was set to remain in force until September 29, 2030, but was terminated on March 13, 2024[196]. - The maximum number of shares that could be awarded under the Share Award Scheme was capped at 10% of the total issued shares, which amounted to 236,509,030 shares, representing approximately 11.03% of the issued shares as of the report date[198]. - No share awards were granted, vested, cancelled, or lapsed during the year under the Share Award Scheme[200]. - The Share Award Scheme aimed to recognize contributions from eligible persons and incentivize retention and attraction of suitable personnel for the Group's development[197]. - The maximum number of shares that could be awarded to a selected grantee in any 12-month period was limited to 1% of the total issued shares at the time of the scheme's adoption[198]. - The rules of the Share Award Scheme did not specify a uniform vesting period for share awards, allowing the Board to determine the vesting schedule[199].

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 429,370,000, a decrease of 21% compared to HKD 543,940,000 in 2023[3]. - Gross profit for the same period was HKD 92,945,000, down from HKD 120,329,000, reflecting a decline of 22.7%[3]. - The net loss for the year was HKD 104,117,000, compared to a profit of HKD 333,174,000 in 2023, indicating a significant turnaround in performance[4]. - Basic loss per share was HKD 4.42, compared to earnings of HKD 16.07 per share in the previous year[4]. - The group incurred a total loss of HKD 120,057,000 before tax for the year ending December 31, 2024, compared to a profit of HKD 416,943,000 in 2023[30]. - The group reported a classified loss of HKD 116,638,000 for the year ending December 31, 2024, compared to a loss of HKD 82,537,000 in 2023, indicating a worsening performance[30]. - The company reported a loss attributable to shareholders of HKD 94,780,000 for 2024, compared to a profit of HKD 344,285,000 in 2023[47]. - The group recorded a loss attributable to shareholders of HKD 94.8 million for the year, compared to a profit of HKD 344.3 million in 2023, resulting in a basic loss per share of HKD 0.0442[68]. Revenue Breakdown - The total revenue for the year ending December 31, 2024, is projected to be HKD 429.37 million, with mobile and IoT terminals contributing HKD 338.04 million, vehicle intelligence products contributing HKD 46.30 million, and property rental management contributing HKD 45.03 million[20]. - For the year ending December 31, 2023, total revenue was HKD 543.94 million, with mobile and IoT terminals at HKD 473.66 million, vehicle intelligence products at HKD 17.52 million, and property rental management at HKD 52.76 million[20]. - Revenue from mobile and IoT terminals in mainland China for the year ending December 31, 2024, is expected to be HKD 267.87 million, while vehicle intelligence products are projected at HKD 46.30 million, and property rental management at HKD 45.03 million[21]. - The mobile and IoT segment reported external sales of HKD 338,039,000, a decrease of 29% from HKD 473,660,000 in the previous year[30]. - The mobile and IoT terminal business generated revenue of HKD 338,000,000, down 28.6% year-on-year, with a gross profit of HKD 32,400,000, a decline of 45.3%[60]. - The property leasing management segment reported revenue of HKD 45,000,000, a decrease of 14.6% from HKD 52,800,000 in 2023, with a gross margin of 92.1%[63]. - The automotive smart product business recorded revenue of HKD 46,300,000 with a segment loss of HKD 30,800,000 due to significant R&D investments[62]. Assets and Liabilities - Total assets decreased to HKD 1,538,946,000 from HKD 1,754,143,000, a decline of approximately 12.3%[8]. - The group’s total assets as of December 31, 2024, amounted to HKD 1,921,180,000, down from HKD 2,149,540,000 in 2023, indicating a reduction of approximately 11%[32][34]. - The mobile and IoT segment's classified assets were HKD 219,210,000, a decrease from HKD 268,482,000 in the previous year, reflecting a decline of about 18%[32][34]. - The group’s classified liabilities totaled HKD 242,093,000 as of December 31, 2024, compared to HKD 282,549,000 in 2023, showing a decrease of approximately 14%[32][34]. - Non-current assets as of December 31, 2024, totaled HKD 671,718,000, down from HKD 761,005,000 in 2023, representing a decline of 11.8%[39]. Cash Flow and Liquidity - Cash and cash equivalents increased significantly to HKD 360,313,000 from HKD 74,219,000, showing a substantial improvement in liquidity[8]. - As of December 31, 2024, the group's cash and bank balances amounted to HKD 360.3 million, significantly up from HKD 74.2 million in 2023, with 89.9% held in RMB[73]. - The current ratio as of December 31, 2024, was 3.1 times, slightly down from 3.3 times in 2023, indicating a stable liquidity position[76]. Expenses and Costs - Research and development expenses decreased to HKD 101,076,000 from HKD 136,926,000, a reduction of 26%[3]. - The total employee costs decreased to HKD 137,707,000 in 2024 from HKD 189,087,000 in 2023, a reduction of 27.2%[43]. - The company’s financing costs decreased significantly to HKD 805,000 in 2024 from HKD 4,973,000 in 2023, a decline of 83.8%[41]. - The group reported a depreciation expense of HKD 18,833,000 for property, plant, and equipment for the year ending December 31, 2024[36]. Future Outlook and Strategy - The company plans to adopt AI technology in its products and internal operations to enhance efficiency and reduce operational costs in 2025[65]. - The company aims to maintain a conservative approach in the current competitive environment, focusing on cost control and optimizing team structure[60]. - The group plans to expand its business in the automotive smart products sector, which has been classified as a new operational segment[28]. - The company will continue to explore new directions and opportunities while maintaining a cautious stance on unnecessary investments[65]. Corporate Governance and Compliance - The company has complied with the corporate governance code throughout the year, except for the CEO position[90]. - The company has adopted the standard code for securities trading as per the listing rules, confirming compliance by all directors[91]. - The audit committee has reviewed the group’s accounting principles and financial reporting matters, recommending the adoption of the consolidated financial statements for the year[92]. - The board expressed gratitude to shareholders, customers, suppliers, banks, and professional advisors for their support during the year[96].

SIM Technology 晨訊科技集團有限公司* (於百慕達註冊成立之有限公司) (股份代號：2000) * * * 2024 * 僅供藏別 . . 主席報告書 本人謹代表晨訊科技集團有限公司（「本公司」）董事（「董事」）會（「董事會」）提呈本 公司及其附屬公司（統稱「本集團」）截至二零二四年六月三十日止六個月（「二零 二四年上半年」）之中期業績報告。 業務回顧 二零二四年上半年，集團所處的行業競爭已臻白熱化，部分企業因此倒閉或轉 型，對整個行業產業鏈和就業市場造成巨大衝擊。受中美貿易戰的影響，不僅 集團主要客戶的出口業務大幅縮水，集團本身在海外新業務新客戶的開拓也十 分艱難，新項目的開發不盡人意，上半年訂單額尤其是出口訂單出現大幅縮減， 營業額和毛利額均同比下滑。集團於二零二四年上半年實現營業額183,700,000港 元，較上年同期減少38.3%。毛利額38,300,000港元，較上年同期減少27.4%。毛 利額的減少加上為了清理歷史遺留的備料等問題帶來的虧損，雪上加霜，以至於 二零二四年上半年手機和物聯網終端板塊的總虧損高達37,400,000港元。去年透 過收購成為集團非全資子公司的上海蓁康電子有 ...

Financial Performance - Revenue for the first half of 2024 was HKD 183,678,000, a decrease of 38.3% compared to HKD 297,754,000 in the first half of 2023[1] - Gross profit for the first half of 2024 was HKD 38,280,000, down 27.4% from HKD 52,752,000 in the same period last year[1] - The company reported a loss before tax of HKD 90,808,000 for the first half of 2024, compared to a loss of HKD 51,812,000 in the first half of 2023[2] - Basic and diluted loss per share for the first half of 2024 was HKD 3.8, compared to HKD 2.3 in the first half of 2023[2] - The company recorded other income of HKD 27,390,000 in the first half of 2024, down from HKD 38,057,000 in the same period last year[1] - The company incurred a total loss attributable to shareholders of HKD 82.3 million in the first half of 2024, primarily due to historical business clean-up efforts[30] - The group recorded a loss attributable to shareholders of HKD 82,300,000 in the first half of 2024, compared to a loss of HKD 50,400,000 in the first half of 2023, resulting in a basic loss per share of HKD 0.038[36] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 1,125,564,000, down from HKD 1,320,405,000 as of December 31, 2023[4] - Non-current assets decreased to HKD 788,165,000 as of June 30, 2024, from HKD 829,135,000 at the end of 2023[4] - The company reported a total liability of HKD 449,527,000 as of June 30, 2024, down from HKD 530,347,000 as of December 31, 2023[14] - The company’s total equity attributable to owners was HKD 1,481,554,000 as of June 30, 2024, down from HKD 1,619,926,000 at the end of 2023[5] Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HKD 183,678,000, with mobile and IoT terminal sales contributing HKD 156,346,000[9] - The revenue from property leasing management was HKD 22,229,000 for the six months ended June 30, 2024, compared to HKD 25,127,000 in the same period of 2023[9] - The mobile and IoT terminal segment generated revenue of HKD 156.3 million, a decline of 42.7% year-over-year, resulting in a loss of HKD 37.4 million[31] - The automotive smart products segment recorded a loss of HKD 25.3 million due to significant R&D investments not capitalized, despite becoming a tier-one supplier in the automotive industry[32] - Revenue from non-core leasing management decreased by 11.5% to HKD 22,200,000 in the first half of 2024, compared to HKD 25,100,000 in the same period of 2023[36] Operational Efficiency - The inventory turnover period decreased to 94 days in the first half of 2024 from 119 days in the previous year, indicating improved operational efficiency[40] - The company’s operating expenses for the six months ended June 30, 2024, were HKD 4,698,000[10] - The company’s financing costs for the six months ended June 30, 2024, amounted to HKD 1,053,000[10] Employee and Management Changes - The group had approximately 573 employees as of June 30, 2024, down from 688 employees as of December 31, 2023[46] - A management team of five members has been established to assume the responsibilities of the CEO, including three executive directors and two management members[49] - The company has not appointed a new CEO since the resignation of Mr. Gao Jun on September 30, 2022, which constitutes a deviation from the corporate governance code C.2.1[48] Future Outlook and Strategy - The company plans to optimize existing product lines and focus on core competitive products to enhance customer orders and user experience in the mobile and IoT terminal business[34] - The automotive smart products segment is expected to achieve mass production in the second half of 2024, shifting focus from R&D to quality assurance and delivery[34] - The company aims to explore new business models and maintain a pragmatic approach to create value and returns for shareholders[34] Compliance and Governance - The audit committee has reviewed the accounting principles and interim financial data for the six months ending in 2024, which has been reviewed by Deloitte[51] - The company has adopted the standard code for securities trading as per the listing rules and confirmed compliance for the year[50] - The interim report for 2024 will be published on the company's website and the Hong Kong Stock Exchange website at an appropriate time[52] Shareholder Information - The company declared a special dividend of HKD 0.04 per share, totaling approximately HKD 85.7 million, distributed in the first half of 2024[29] - The board expresses gratitude to shareholders, customers, suppliers, banks, and professional advisors for their support and acknowledges the contributions of all employees during the year[53] - The board consists of four executive directors and three independent non-executive directors as of the announcement date[55]

Share Issuance and Incentive Plan - The company issued a total of 12,500,000 shares as part of its share incentive plan during the fiscal year ending December 31, 2023[3] - The total number of shares vested during the fiscal year was 41,630,000[3] Share Valuation - The fair value of each share granted on the grant date was approximately HKD 0.3[9] - The weighted average closing price of shares prior to the vesting date was used to calculate the fair value of the shares granted[9] Performance and Vesting Conditions - No performance targets or vesting conditions were attached to the granted shares[5]

Financial Performance and Reserves - The Group's total reserves available for distribution to shareholders as of December 31, 2023, amount to approximately HKD 373.636 million, consisting of contributed surplus of about HKD 193.848 million and retained earnings of approximately HKD 179.788 million[30]. - The Board does not recommend the payment of a final dividend to shareholders for the year[26]. - The Group's consolidated financial statements for the year ended December 31, 2023, are presented in the annual report, detailing the results and appropriations[26]. - The Group's financial summary for the past five financial years, including assets and liabilities as of December 31, 2023, is detailed on page 275 of the report[26]. - The total number of ordinary shares of the Company is 2,143,351,300 as of December 31, 2023[52]. - The total issued share capital of the Company as of December 31, 2023, is 2,143,351,300 shares[77]. Share Options and Awards - The maximum number of shares that may be allotted and issued upon exercise of all options under the Existing Share Option Scheme is capped at 10% of the issued shares, which amounts to 255,789,630 shares, representing approximately 11.93% of the issued shares as of the report date[40]. - The Post IPO Share Option Scheme allows for a maximum of 151,749,000 shares to be granted, which is approximately 7.08% of the issued shares as of December 12, 2008[37]. - The total maximum number of shares that may be issued upon exercise of all outstanding options must not exceed 30% of the issued share capital at any time[40]. - The company has a total of 63,000,000 share options granted under the Post-IPO Share Option Scheme to eligible participants, including employees and business partners[37]. - The total number of shares that can be issued upon exercise of options under the existing share option plan is capped at 10% of the total issued shares, amounting to 255,789,630 shares, which represents approximately 11.93% of the company's issued shares as of the report date[84]. - The maximum number of shares that may be awarded under the Share Award Scheme shall not exceed 10% of the total issued shares at the time of its adoption, which is 236,509,030 shares, representing about 11.03% of the issued shares as of the report date[94]. - The total number of awards vested during the year was 41,630,000 shares, with a weighted average closing price of HK$0.3 per share immediately before the vesting date[96]. - The fair value of the share awards at the date of grant was approximately HK$12.5 million[96]. - The awarded shares under the Share Award Scheme for Mr. Wong Cho Tung and Ms. Yeung Man Ying were 20,814,000 and 20,816,000 respectively[73]. Corporate Governance and Board Structure - The Company aims to enhance transparency and maintain high standards of corporate governance, focusing on accountability and independence[161]. - The Board consists of four executive Directors, one non-executive Director, and three independent non-executive Directors as of December 31, 2023[167]. - The Company has adopted a Board Diversity Policy to enhance the effectiveness of the Board and maintain high standards of corporate governance[171]. - The Board held four meetings and one annual general meeting during the year, ensuring all directors had the opportunity to attend[170]. - The Company has established a Remuneration Committee to assist the Board in achieving its goals of providing attractive and motivating remuneration packages for Directors and senior management[183]. - The Remuneration Committee held four meetings during the Year to review remuneration packages and approve share awards granted to executives[184]. - The Audit Committee met two times in the Year to review internal and external audit findings, accounting principles, and compliance with Listing Rules[192]. - The Company has not received any requests from Directors for independent professional advice during the year[170]. - The Company has established a management team to take on the roles and duties of the chief executive officer following the resignation of Mr. Gao Jun[163]. Environmental and Social Responsibility - The Group initiated campaigns such as "Green in Action" to contribute to environmental protection, reflecting its corporate responsibility[12]. - The Group's environmental policies focus on reducing emissions and improving resource efficiency, complying with relevant regulations[118]. - The Group's operations are regulated by environmental protection laws in the PRC, ensuring compliance during the year[159]. - The Group emphasizes collaboration with reputable suppliers to ensure material quality and compliance with international standards[156]. Operational Performance and Market Conditions - The sales and dispatch of routers and IP cameras in 2023 were below expectations, resulting in slow digestion of chip inventory[111]. - Market demand showed a significant rise in the fourth quarter of 2023 after a weak third quarter, but upstream supply chain production capacity struggled to match this demand[127]. - The Group actively reduced or waived leasing fees for some tenants in 2023 to help them cope with cash flow issues caused by the pandemic[110]. - High material inventory levels occupied a large amount of funds, impacting the Group's financial flexibility[129]. - The Group has been closely monitoring the operation of its business partners to prevent supply chain disruptions[128]. - The Group's proactive measures included identifying additional secondary suppliers to mitigate supply risks[128]. Employee and Management Practices - The company prioritizes employee development and offers a competitive compensation system to ensure long-term stability and growth[155]. - The Company has arranged liability insurance for its Directors and officers to cover liabilities arising from corporate affairs[169]. - The Company has adopted a policy for Board diversity, recognizing the benefits of diverse perspectives in decision-making[195]. - The Company has a management team in place to fulfill the role and responsibilities of the CEO following the resignation of Mr. Gao Jun, which has resulted in a deviation from the Corporate Governance Code[138][141].

Financial Performance - The company reported a profit of HKD 333,174 thousand for the year ended December 31, 2023, compared to a loss of HKD 507,822 thousand in 2022, marking a significant turnaround [19]. - Total comprehensive income for the year was HKD 320,313 thousand, a recovery from a loss of HKD 555,077 thousand in 2022 [7]. - The company achieved a basic earnings per share of HKD 16.07, compared to a loss per share of HKD 23.24 in the prior year [20]. - The company reported a pre-tax profit of HKD 416,943,000 for the year ending December 31, 2023 [38]. - The company reported a loss of HKD 477,061,000 for the year ended December 31, 2023, compared to a loss of HKD 471,227,000 in 2022, showing a marginal increase in losses [61]. - The company reported a basic and diluted loss per share of HKD 344,285 in 2023, compared to a loss of HKD 509,453 in 2022, indicating an improvement in performance [80]. - The group recorded a net profit for the year due to a significant non-recurring income [112]. Revenue and Sales - Revenue for the year was HKD 543,940 thousand, down from HKD 638,017 thousand in the previous year, representing a decrease of approximately 14.7% [18]. - Total revenue for the year ended December 31, 2023, was HKD 543,940,000, a decrease from HKD 638,017,000 in 2022, representing a decline of approximately 14.7% [57]. - Mobile and IoT terminal business generated revenue of HKD 491,177,000 in 2023, compared to HKD 584,673,000 in 2022, reflecting a decrease of about 16% [53]. - Revenue from property leasing was HKD 47,986,000 in 2023, slightly down from HKD 49,155,000 in 2022 [36]. - Property rental management contributed HKD 52,763,000 in revenue for 2023, down from HKD 53,344,000 in 2022, a slight decline of 1.1% [53]. - Revenue from mainland China reached HKD 355,243,000 in 2023, up from HKD 307,170,000 in 2022, indicating an increase of approximately 15.6% [69]. - Total revenue from external sales reached HKD 638,017 in 2023, a significant increase from HKD 584,673 in 2022 [84]. Expenses and Costs - Gross profit improved to HKD 120,329 thousand from a loss of HKD 12,090 thousand, indicating a recovery in profitability [18]. - The company reported a significant reduction in sales and service costs to HKD 423,611 thousand from HKD 650,107 thousand, a decrease of about 34.8% [18]. - Research and development expenses decreased to HKD 136,926 thousand from HKD 245,282 thousand, reflecting a reduction of approximately 44% [18]. - The administrative expenses were reduced by 53.0% to HKD 81,600,000, accounting for 15.0% of total revenue [121]. - Sales and distribution costs decreased by 29.8% to HKD 24.4 million, representing 4.5% of revenue, down from 5.4% in the previous year [167]. Assets and Liabilities - Non-current assets decreased to HKD 829,135 thousand from HKD 953,503 thousand, indicating a reduction of approximately 13% [22]. - Current assets totaled HKD 1,320,405 thousand, up from HKD 897,396 thousand, showing an increase of approximately 47% [22]. - Current liabilities decreased from HKD 596,455,000 in 2022 to HKD 395,397,000 in 2023, a reduction of approximately 33.7% [23]. - Total assets minus current liabilities increased from HKD 1,457,399,000 in 2022 to HKD 1,754,143,000 in 2023, representing a growth of about 20.3% [23]. - The net value of current assets rose from HKD 503,896,000 in 2022 to HKD 925,008,000 in 2023, an increase of about 83.3% [23]. - The company’s bank borrowings significantly decreased from HKD 240,240,000 in 2022 to HKD 33,000,000 in 2023, a decline of approximately 86.3% [23]. - Total assets amounted to HKD 2,149,540 in 2023, with liabilities totaling HKD 530,347, resulting in a net asset position [86]. Strategic Initiatives - The company plans to continue applying new and revised International Financial Reporting Standards, which are expected to have no significant impact on the consolidated financial statements in the foreseeable future [50]. - The company plans to expand its market presence and enhance its product offerings, focusing on new technologies and innovations [88]. - The company aims to improve its operational efficiency and reduce losses through strategic initiatives and cost management [88]. - The group plans to invest significantly in the automotive electronics business, which requires hundreds of millions in revenue and delivery, while maintaining a pragmatic and cautious approach [164]. Management and Governance - The management team has been established to take on the role and responsibilities of the CEO following the resignation of the previous CEO [186]. - The executive directors include Mr. Wang Zuo Tong, Ms. Yang Wen Ying, Mr. Zhu Wen Hui, and Mr. Zhu Qi, with Mr. Wang Xi as a non-executive director, and independent non-executive directors Mr. Liao Qing Xiong, Mr. Li Min Bo, and Mr. Yang Wen Tao [197]. Other Information - The company did not recommend a final dividend for the years ended December 31, 2023, and 2022 [79]. - The company has not made any provisions for Hong Kong profits tax due to no taxable profits generated in the region [94]. - The group has not made any significant acquisitions or disposals of subsidiaries or associates during the year [179]. - The group has no major future investment or capital asset plans as of the end of the year [180]. - The announcement date is March 26, 2024 [198].