Plastec Technologies Files Unaudited Financials

TL;DR

Plastec Tech dropped H1 2024 unaudited financials on 8/16.

AI Summary

Plastec Technologies, Ltd. filed an unaudited financial results report on August 16, 2024, for the six months ended June 30, 2024. The filing is a Form 6-K, which is a report of a foreign private issuer. The company's principal executive offices are located in Hong Kong.

Why It Matters

This filing provides investors with an update on Plastec Technologies' financial performance for the first half of 2024, allowing them to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not contain significant new information that would inherently increase risk.

Key Players & Entities

• Plastec Technologies, Ltd. (company) — Registrant
• June 30, 2024 (date) — End of reporting period
• August 16, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — ders’ equity Ordinary shares (US$0.001 par value; 100,000,000 authorized 12,93
• $0.005 — to the Company’s shareholders HK$0.005 HK$0.003 Diluted net income per sha
• $0.003 — any’s shareholders HK$0.005 HK$0.003 Diluted net income per share attribut
• $0.60 million — e 30, 2024 increased by approximately HK$0.60 million to approximately HK$1.94 million from a
• $1.94 million — tely HK$0.60 million to approximately HK$1.94 million from approximately HK$1.34 million in t
• $1.34 million — ly HK$1.94 million from approximately HK$1.34 million in the six months ended June 30, 2023.
• $0.06 million — able to shareholders of approximately HK$0.06 million in the six months ended June 30, 2024 a
• $0.04 million — ared to a net income of approximately HK$0.04 million in the six months ended June 30, 2023.
• $2.5 million — e to interest income of approximately HK$2.5 million in the six months ended June 30, 2024 a
• $1.8 million — hs ended June 30, 2024 as compared to HK$1.8 million in the six months ended June 30, 2023 d
• $0.15 million — tal assets decreased by approximately HK$0.15 million to approximately HK$100.87 million as o
• $100.87 million — tely HK$0.15 million to approximately HK$100.87 million as of June 30, 2024 compared to approxi
• $101.02 million — ne 30, 2024 compared to approximately HK$101.02 million as of December 31, 2023. This decrease
• $1.23 million — ces in bank accounts of approximately HK$1.23 million offset by other receivables of approxim
• $0.75 m — by other receivables of approximately HK$0.75 million, and increased net amount of fixt

Filing Documents

• tm2421824d1_6k.htm (6-K) — 111KB
• tm2421824d1_99-1.htm (EX-99.1) — 82KB
• tm2421824d1_99-1img001.jpg (GRAPHIC) — 5KB
• 0001104659-24-090352.txt ( ) — 201KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of: August 2024 Commission File Number: 000-53826 PLASTEC TECHNOLOGIES, LTD. (Translation of registrant’s name into English) c/o Unit 01, 21/F, Aitken Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Unaudited Financial Statements This Report of Foreign Private Issuer on Form 6-K by Plastec Technologies, Ltd. (“we, “us”, “our” or the “Company”) contains the Company’s unaudited financial results for the six months ended June 30, 2024. Additionally, attached as Exhibit 99.1 is a press release of the Company relating to the foregoing financial results. Forward Looking Statement This Report of Foreign Private Issuer on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or the Company’s future financial performance. The Company has attempted to identify forward-looking statements by terminology including “anticipates”, “believes”, “expects”, “can”, “continue”, “could”, “estimates”, “intends”, “may”, “plans”, “potential”, “predict”, “should” or “will” or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Report of Foreign Private Issuer on Form 6-K is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward-looking The Company’s expectations are as of the date this Report of Foreign Private Issuer on Form 6-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Report of Foreign Private Issuer on Form 6-K is filed to conform these statements to actual results, unless required by law. The forward-looking statements included in this Report of Foreign Private Issuer on Form 6-K are subject to risks, uncertainties and assumptions about our businesses and business environments. These statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of risk factors detailed in the Company’s filings with the Securities and Exchange Commission. PLASTEC TECHNOLOGIES, LTD. CONSOLIDATED BALANCE SHEETS (Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated) (Unaudited) June 30, (Audited) December 31, 2024 2023 HK$ HK$ ASSETS Current assets Cash and cash equivalents 95,072 96,303 Deposits, prepayment and other receivables 5,045 4,296 Total current assets 100,117 100,572 Property, plant and equipment, net 315 7 Intangible assets 438 438 Total assets 100,870 101,017 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Other payables and accruals 438 1,173 Tax payable 13,504 12,980 Total current liabilities 13,942 14,153 Total liabilities 13,942 14,153 Commitments and contingencies - - Shareholders’ equity Ordinary shares (US$0.001 par value; 100,000,000 authorized 12,938,128 and 12,938,128 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 101 101 Additional paid-in capital 26,049 26,049 Accumulated other comprehensive income (30 ) (30 ) Retained earnings 60,808 60,744 Total shareholders’ equity 86,928 86,864 Total liabilities and shareholders’ equity 100,870 101,017 PLASTEC TECHNOLOGIES, LTD. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated) For the 6-month period ended June 30, 2024 2023 HK$ HK$ Revenues - - Operating expenses, net Selling, general and administrative expenses (1,937 ) (1,337 ) Total operating expenses, net (1,937 ) (1,337 ) Loss from opera

View Full Filing

View this 6-K filing on SEC EDGAR