星光集团截至二零二三年九月三十日止六个月中期业绩报告

STARLITE HOLDINGS LIMITED• INTERIM REPORT 2023星光集團有限公司‧二零二三年中期業績報告 RESULTS The Group posted a profit of approximately HK$7 million forthesix months ended 30th September,2023,compared toprofit of approximately HK$9 million in the same period lastyear. The Group recorded about HK$460 million in revenuedecreased by 15% compared with the same period last year. As inflationary pressure has gradually eased, prices of majorrawmaterials have fallen back.Coupled with the effectiveimplementationof various cost optimisation measures andthe exchange gains from the depreciation of Renminbi, theGroup maintained its core profit level during the period. Duringthe reporting period,the global political andeconomicsituation remained severe.Geopolitical conflictsandthe risk of global stagflation have brought a certaindegree of uncertainties to the global economic development.Major central banks in various regions have been committedtoraising interest rates to curb inflation,resulting in thecontinuous slowdown in global economic growth. Consumershave tended to reduce unnecessary expenses, which has hadanegative impact on the retail market.In the face ofshrinkingdemand side and sharp fluctuations in themacro-economic environment, the performance of the threeplants in China was better than expected during the period.The Guangzhou plant continued to record profits while theShaoguan plant turned losses into profits. The Suzhou plantrecordeda slight decline in operation but still recorded aprofit.On the other hand,sales in the ASEAN regiondecreased but still managed to make a turnaround to profit. Facingthe complex and ever-changing domestic andinternationalenvironment and various risks and challenges,the Group adhered to the concept of seeking progress whilemaintainingstability,and actively optimizing the allocationof strategic resources. The Group increased its investment innewbusinesses and emerging market segments,investedresourcesto develop new product lines with marketpotential,actively expanded other high-quality customers,reducedreliance on some customers or industries,andcreated new performance growth points. By always adheringto the path of green, energy-saving, low-carbon emission andenvironmental protection innovation, the Group built uniquec o r ec o m p e t i t i v e n e s s ,a c t i v e l y u n d e r t o o k s o c i a lresponsibilities,and strived to respond quickly when themarketconditions fully recover.Details are set out in thesection headed “Business Review and Prospects”. STARLITE HOLDINGS LIMITED• INTERIM REPORT 2023星光集團有限公司‧二零二三年中期業績報告 Interim Dividend The Board recommends an interim dividend of HK1 cent pershare (30th September, 2022: interim dividend of HK1 cent)for the six months ended 30th September, 2023 payable on21st February, 2024 to shareholders whose names appear onthe Register of Members on 12th January, 2024. BUSINESS REVIEW AND PROSPECTS Overview Duringthe period under review,the global economicslowdownwas partly due to unprecedented monetarytighteningpolicy to curb inflation.The negative impact ofthepolicy has begun to appear,but the spread amongcountriesis uneven.The tightening credit environment isputtingpressure on the real estate market,investment,andeconomic activities. In addition, the ongoing Russia-Ukrainewaras well as the unstable situation in the Middle Eastamidst intense war between Israel and Hamas have led to anincreasingly divergent situation among major countries, andtheglobal economy is struggling and lacking momentum.The recovery of domestic and overseas consumption was lessthan expected, and business expansion was more difficult insuchan operating environment.Under the influence ofmultiplefactors,it is expected that the market demand forproducts and services will remain weak in the second half oftheyear,posing great challenges to the operation ofenterprises.Despite the difficult situation,the Group hasgainedexcellent reputation and brand image and has wontherecognition and trust of many domestic and foreignstrategic partners for its solid business foundation, outstandingproductquality as well as timely and considerate services,layinga solid foundation for the long-term,stable,andhealthy development of the Group. STARLITE HOLDINGS LIMITED• INTERIM REPORT 2023星光集團有限公司‧二零二三年中期業績報告 Meanwhile,in order to enhance operational efficiency andrisk management capability, the Group is actively promotingthe development of an artificial intelligent operation networkand the full integration of value chain. The Group is the firstto apply artificial intelligence software in creative design andgeneraldocument translation.Meanwhile,it promotesprojectssuch as smart typesetting,automated logistics andsmart production scheduling. With the development goals ofreducingcost,improving efficiency,and increasing add-onvalue,the Group has achieved interim results amidsthardships. The plant in Guangzhou of the Group remainedprofitable. The Shaoguan plant realised good efficiency withoptimisedand