毅兴行中期报告 2023/2024

CONTENTSCondensed Consolidated Income Statement2-3Condensed Consolidated Statement of Comprehensive Income4Condensed Consolidated Balance Sheet5-7Condensed Consolidated Statement of Changes in Equity8-9Condensed Consolidated Statement of Cash Flows10Notes to the Condensed Consolidated Interim Financial Information11-40Interim Dividend41Management Discussion and Analysis41-44Liquidity and Financial Resources44Foreign Exchange Risk45Employee Information45Purchase, Sale and Redemption of the Company’s Listed Securities45Share Options46Directors’ and Chief Executives’ Interests and Short Positions46-49in the Shares, Underlying Shares and Debentures of theCompany or any Associated CorporationSubstantial Shareholders’ Interests and Short Positions in the Shares and49Underlying Shares of the CompanyCompliance with the Model Code for Securities Transactions by Directors50Corporate Governance Practice50-51Nomination Committee51-53Audit Committee53Remuneration Committee53-54Corporate Governance Committee54Internal Control and Risk Management55Whistle Blowing Policy56Anti-Corruption Policy56 Ngai Hing Hong Company Limited毅興行有限公司 The Board of Directors (the “Board”) of Ngai Hing Hong Company Limited (the“Company”) presents the unaudited condensed consolidated interim financial informationof the Company and its subsidiaries (the “Group”) for the six months ended 31stDecember 2023 as follows: CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 31ST DECEMBER 2023 Ngai Hing Hong Company Limited毅興行有限公司 CONDENSED CONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOMEFOR THE SIX MONTHS ENDED 31ST DECEMBER 2023 CONDENSED CONSOLIDATED BALANCE SHEETAS AT 31ST DECEMBER 2023 CONDENSED CONSOLIDATED BALANCE SHEET(Continued)AS AT 31ST DECEMBER 2023 CONDENSED CONSOLIDATED BALANCE SHEET(Continued)AS AT 31ST DECEMBER 2023 FOR THE SIX MONTHS ENDED 31ST DECEMBER 2023 FOR THE SIX MONTHS ENDED 31ST DECEMBER 2023 NOTES TO THE CONDENSED CONSOLIDATED INTERIMFINANCIAL INFORMATION 1 1GENERAL INFORMATION Ngai Hing Hong Company Limited (the “Company”) and its subsidiaries (togetherthe “Group”) are principally engaged in the manufacturing and trading of plasticmaterials, pigments, colorants, compounded plastic resins and engineering plasticproducts. ClarendonHouse, 2 Church Street, Hamilton HM11,Bermuda. The Company is a limited liability company incorporated in Bermuda. The addressof its registered office is Clarendon House, 2 Church Street, Hamilton HM11,Bermuda. The Company’s shares are listed on the Main Board of The Stock Exchange ofHong Kong Limited. This condensed consolidated interim financial information is presented in HongKong dollars, unless otherwise stated, and has been approved for issue by theBoard of Directors on 28th February 2024. 2BASIS OF PREPARATION 2 34 This condensed consolidated interim financial information for the six monthsended 31st December 2023 has been prepared in accordance with Hong KongAccounting Standard (“HKAS”) 34 “Interim Financial Reporting”. This condensedconsolidated interim financial information does not include all the notes of the typenormally included in an annual financial report. Accordingly, this report is to beread in conjunction with the annual financial statements for the year ended 30thJune 2023, which have been prepared in accordance with Hong Kong FinancialReporting Standards (“HKFRSs”). Ngai Hing Hong Company Limited毅興行有限公司 NOTES TO THE CONDENSED CONSOLIDATED INTERIMFINANCIAL INFORMATION(Continued) 3ACCOUNTING POLICIES 3 Except as described below, the accounting policies applied are consistent withthose of the annual financial statements for the year ended 30th June 2023, asdescribed in those annual financial statements. Taxes on income in the interim periods are accrued using the tax rate that wouldbe applicable to expected total annual earnings. 3.1 3.1New and amended standards adopted by the Group The Group has applied the following new standards and amendments tostandards for the first time for the annual period beginning on 1st July 2023: HKAS 8 (Amendment)Definition of Accounting Estimates8HKAS 12 (Amendment)Deferred tax related to assets and liabilitiesarising from a single transaction12HKAS 12 (Amendment)International Tax Reform - Pillar Two Model Rules12HKFRS 17Insurance Contracts17HKFRS 17 (Amendment)Initial Application of HKFRS 17 and HKFRS 9- Comparative Information17179HKAS 1 and HKFRS Practice Statement 2 (Amendments)Disclosure of Accounting Policies12 NOTES TO THE CONDENSED CONSOLIDATED INTERIMFINANCIAL INFORMATION(Continued) 3 3ACCOUNTING POLICIES(Continued) 3.1 3.1New and amended standards adopted by the Group(Continued) The adoption of the above new standards and amendments to standards didnot have any impact on the amounts recognised in prior periods and are notexpected to significantly affect the current or future periods. 3.2 3.2Impact of standards issued but not yet applied by the Group The following new and amended HKFRSs hav