Looking ahead at 2025, the Group will continue to face multiple challenges from global political and economic uncertainties. In view of this, the Group will adhere to the strategic principle of “seeking progress while ensuring stability”, closely monitoring the adjustments in international developments, monetary policies, and the downstream supply chain, so as to optimise its business strategy in a timely manner. Moreover, it will leverage sound business strategy and prudent financial management to consistently promote business growth and steadily enhance profitability. The management is cautiously optimistic about future development.

Regarding the engineering plastic products business, while ensuring the ongoing development of the traditional end-product business, the Group will also focus on the recovery trends in the tailor-made toy consumption and premium/gift market, continue to expand high-value-added application scenarios, and consistently improve order delivery efficiency and product premium capabilities. For the colorants, pigments and compounded plastic resins business, the Group will further optimise its product portfolio and deepen its strategic synergy with customers in the international automotive and electronics industries. On the other hand, it will also seize opportunities arising from the return of manufacturing to China, and deeply explore the increasing demand in market segments to promote the stability and growth in order volume. Furthermore, as the current macro environment is complex, changeable and unpredictable, the Group will continue to observe a conservative and prudent strategy for the plastic raw material trading business, so as to lay a solid foundation for the market recovery in the future.

At the end of June 2024, the Group established its first sales point in the ASEAN market in Vietnam. The Vietnamese market has substantial domestic demand and a strong manufacturing index, and presents potential for overseas industrial relocation, expecting to contribute considerable revenue to the Group in the future. Considering the current uncertain political and economic climate, the Group will adopt an approach of “assessment in stages and implementation at the opportune time”, closely tracking regional policy trends and provisionally implementing an asset-light strategy to further advance its production capacity layout when conditions are ripe.

At present, the Group’s financial position is stable, and its performance continues to improves. Its profit before taxation turned around during the period. In terms of cost control, the Group will continue to implement stringent cost control measures, including the reduction of administrative, distribution and production costs, to conserve resources and maintain capital strength to meet the challenges and opportunities of turbulent times.

Although the external environment remains unclear and full of challenges, under the leadership of a professional management team and the hard work and dedication of all employees, the Group’s business development has continued to forge ahead, maintaining steady and sustainable progress. As always, the Group will uphold its professional and prudent management strategy and pragmatic approach, striving for long-term stable growth of the Group and optimum returns to shareholders.