香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任 何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 CHINA HUAJUN GROUP LIMITED 中國華君集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：377） 截至二零二二年十二月三十一日止年度 年度業績公告 中國華君集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）之董事（「董 事」）會（「董事會」）謹此呈列本集團截至二零二二年十二月三十一日止年度之年 度業績，連同截至二零二一年十二月三十一日止年度之比較數字，如下： ...

Revenue Performance - For the six months ended June 30, 2022, revenue was approximately RMB 878.7 million, a decrease of approximately RMB 706.2 million or 44.6% compared to RMB 1,584.9 million for the same period in 2021[13]. - The Trading and Logistics segment generated revenue of RMB 557.0 million, accounting for approximately 63.4% of total revenue, down from RMB 866.2 million in the previous period, a decrease of approximately RMB 309.2 million or 35.7%[15][20]. - The Printing segment's revenue increased to RMB 257.5 million, representing approximately 29.3% of total revenue, up from RMB 244.3 million or 15.4% in the last period[20]. - Revenue from the Property Development and Investments segment was RMB 27.4 million, a significant decrease from RMB 347.2 million in the previous period, representing a decline of approximately 92.1%[20]. - The Solar Photovoltaic segment generated revenue of RMB 2.5 million, down from RMB 83.2 million in the last period, indicating a decline of approximately 97%[20]. - The overall decrease in revenue was attributed to challenges in the property market and stringent COVID-19 policies affecting the Trading and Logistics segment[14][15]. - The Group's revenue breakdown by segment shows a shift in reliance, with Trading and Logistics increasing its share of total revenue compared to the previous period[16][20]. - The Group's revenue for the Reporting Period was approximately RMB 878.7 million, representing a decrease of approximately RMB 706.2 million, or 44.6%, compared to RMB 1,584.9 million for the Last Period[51]. Financial Performance - Gross profit was approximately RMB 63.7 million, down from approximately RMB 86.0 million, with a gross profit margin of approximately 7.2% compared to 5.4% in the Last Period[57]. - The Group recorded a loss attributable to shareholders of approximately RMB 1,133.8 million, compared to a loss of approximately RMB 631.2 million in the Last Period[67]. - Loss before tax for the six months ended June 30, 2022, was RMB 1,133.5 million, compared to a loss of RMB 598.6 million in the same period of 2021[95]. - The total comprehensive expense for the period was RMB 1,130,297,000, compared to RMB 568,654,000 in the previous year, indicating a year-over-year increase of about 98.7%[97]. - The company reported a loss of RMB 1,137,668,000 for the six months ended June 30, 2022, compared to a loss of RMB 630,968,000 for the same period in 2021, representing an increase in loss of approximately 80%[97]. - The loss attributable to shareholders for the six months ended June 30, 2022, was RMB 1,133,800, compared to RMB 631,180 for the same period in 2021, representing an increase of approximately 79.7%[161]. Expenses and Costs - Selling and distribution expenses decreased by approximately RMB 21.7 million or 38.7% to approximately RMB 34.4 million, representing 3.9% of revenue[58]. - Administrative expenses decreased by approximately RMB 10.6 million or 8.1% to approximately RMB 119.8 million, accounting for 13.6% of revenue[59]. - Finance costs increased to approximately RMB 776.0 million from approximately RMB 576.1 million due to financial difficulties affecting capitalized interest[60]. - The company reported a loss for the period after charging finance costs of RMB 775,951,000 for the six months ended June 30, 2022, compared to RMB 576,088,000 in the same period of 2021, an increase of about 34.7%[154]. Assets and Liabilities - As of June 30, 2022, total shareholders' funds recorded a deficiency of approximately RMB 1,966.7 million, worsening from a deficiency of approximately RMB 844.9 million as of December 31, 2021[68]. - The Group's current ratio remained at 0.5, with current assets of approximately RMB 8,554.9 million and current liabilities of approximately RMB 16,734.2 million[69]. - Total assets decreased from RMB 15,735,750,000 as of December 31, 2021, to RMB 15,372,182,000 as of June 30, 2022, representing a decline of approximately 2.3%[142]. - Total liabilities increased from RMB 16,580,618,000 as of December 31, 2021, to RMB 17,338,867,000 as of June 30, 2022, indicating an increase of about 4.6%[142]. - The company's non-current assets decreased from RMB 7,165,671,000 as of December 31, 2021, to RMB 6,817,275,000 as of June 30, 2022, reflecting a decline of approximately 4.9%[98]. - The net current liabilities rose from RMB 7,416,620,000 to RMB 8,179,275,000, indicating a deterioration of approximately 10.3%[100]. Cash Flow and Liquidity - The Group's cash and cash equivalents as of June 30, 2022, were approximately RMB 92.6 million, down from RMB 152.2 million as of December 31, 2021[80]. - The net cash from operating activities for the six months ended June 30, 2022, was RMB 61,075,000, a decrease of 80.9% compared to RMB 318,681,000 in the same period of 2021[106]. - The Group is actively monitoring opportunities for strategic asset disposals to improve liquidity in a competitive market environment[89]. - The Group plans to dispose of property investment and development projects with carrying amounts of approximately RMB 3,781,100,000 and RMB 1,853,700,000, expecting to sell them for approximately RMB 5,000,000,000 and RMB 2,800,000,000 respectively upon completion[119]. - The Group expects to generate adequate cash flows from operations to maintain its operations[121]. Strategic Outlook - The Group's financial outlook remains cautious due to ongoing challenges in the property market and the impact of COVID-19 restrictions on demand[14]. - The outlook remains cautious due to ongoing challenges and uncertainties in the economic environment, despite gradual recovery in operations[88]. - The Directors believe that the Group will have sufficient working capital to satisfy its present requirements for the period ending June 30, 2022, based on their plans and measures[122]. - There is significant uncertainty regarding the Group's ability to continue as a going concern due to its financial condition[114]. Segment Performance - The segment results for Printing, Trading and Logistics, Property Development and Investments, Solar Photovoltaic, and Financial Services showed losses of RMB 5.097 million, RMB 10.878 million, RMB 297.734 million, RMB 6.736 million, and a total of RMB 330.308 million respectively[134]. - The revenue from the Printing segment was RMB 257.520 million, while the Trading and Logistics segment generated RMB 556.977 million[134]. - The Property Development and Investments segment reported revenue of RMB 27.410 million, and the Solar Photovoltaic segment contributed RMB 2.522 million[134]. - The Financial Services segment had a revenue of RMB 401,000, with all other segments generating a total of RMB 33.875 million[134]. Investment and Development - The Group successfully bid for land use rights in Shanghai for RMB 2,305 million, with plans to develop Shanghai Huajun Plaza, a commercial and office complex with a total gross floor area of approximately 125,000 square meters[28]. - Dalian Huajun Plaza project is under development with a total gross floor area of approximately 146,000 square meters, indicating ongoing investment in property development[32]. - The Group has recognized revenue of approximately RMB 13.9 million from the Wuxi Project during the Reporting Period, reflecting ongoing sales activities in the property sector[35]. - The Group has temporarily suspended the construction of a new solar factory in Liuhe District due to liquidity considerations, while leasing out existing production lines to generate rental income[41]. Financial Obligations and Defaults - The Group's financial obligations and defaults may impact its liquidity and operational strategies moving forward[194]. - The total outstanding principal amount of borrowings in default was approximately RMB10,782,308,000, an increase from RMB9,849,889,000 as of December 31, 2021[194]. - The Group breached repayment terms on a bank borrowing with an outstanding principal of RMB157,000,000, with approximately RMB182,682,000 in default since November 2019[195]. - The outstanding interest on the RMB157,000,000 borrowing was RMB3,040,000, with a provision for penalty interest of approximately RMB101,911,000 as of June 30, 2022[196].

Revenue Performance - The total revenue for the year ended December 31, 2021, was approximately RMB 3,512.4 million, a decrease of about RMB 3.1 million or approximately 0.1% compared to RMB 3,515.5 million for the previous year[9]. - The revenue from the trade and logistics segment accounted for approximately 60.4% of total revenue, up from 58.3% in the previous year[13]. - The revenue from property development and investment decreased to approximately RMB 696.5 million, representing 19.8% of total revenue, down from 22.8% the previous year[13]. - Domestic sales continued to be the main source of revenue, accounting for approximately 89.3% of total revenue, compared to 92.0% in the previous year[13]. - The printing segment's revenue increased to approximately RMB 508.8 million, representing 14.5% of total revenue, compared to 12.5% the previous year[14]. - The solar photovoltaic segment generated revenue of approximately RMB 98.1 million, accounting for 2.8% of total revenue, down from 3.1% the previous year[14]. Financial Position - The group recorded a loss attributable to shareholders of approximately RMB 1,778.0 million for the year, compared to a loss of RMB 1,573.8 million last year[40]. - As of December 31, 2021, total shareholders' equity was a loss of approximately RMB 844.9 million, down from RMB 1,116.1 million on December 31, 2020[41]. - Current assets as of December 31, 2021, were approximately RMB 8,570.1 million, a decrease from RMB 9,037.6 million as of December 31, 2020; cash and cash equivalents were approximately RMB 152.2 million, down from RMB 219.1 million[43][44]. - Current liabilities increased to approximately RMB 15,986.7 million as of December 31, 2021, compared to RMB 13,758.3 million as of December 31, 2020, resulting in a current ratio of 0.5, down from 0.7[43]. - The capital debt ratio as of December 31, 2021, was 70.5%, up from 65.3% on December 31, 2020[43]. - Interest-bearing bank loans and other borrowings amounted to approximately RMB 11,017.2 million as of December 31, 2021, compared to RMB 10,209.9 million as of December 31, 2020[45]. Cost Management - Selling and distribution expenses decreased by approximately RMB 31.8 million or 23.7% to about RMB 102.4 million, representing 2.9% of revenue[34]. - Administrative expenses were reduced by approximately RMB 48.9 million or 13.8% to about RMB 305.2 million, accounting for 8.7% of revenue[36]. - Financial expenses increased to approximately RMB 1,097.3 million from RMB 898.7 million last year, mainly due to higher average loan balances and interest expenses[37]. Corporate Governance - The board of directors emphasizes the importance of good corporate governance practices to maintain and enhance shareholder confidence[60]. - The company has adopted the standard code for securities transactions by directors, confirming compliance by all directors[61]. - The board has established a project list to delineate matters reserved for board decisions and those for management[62]. - The company is committed to providing ongoing professional development for all directors to enhance their knowledge and skills[65]. - The independent non-executive directors bring diverse backgrounds and expertise to the board, enhancing its effectiveness[64]. - The company has implemented the corporate governance code principles and complied with all applicable code provisions[60]. Risk Management - The board confirmed that the group’s risk management and internal control systems are effective in significant aspects, but there is room for improvement in executing internal control procedures[91]. - The external auditor expressed concerns regarding the group's ability to continue as a going concern, but the board believes there will be sufficient liquidity to meet operational needs for the next twelve months[94]. - The audit committee reviewed the group’s corporate governance policies and practices, ensuring compliance with legal and regulatory requirements[88]. Strategic Initiatives - The company plans to leverage the policy advantages of the Greater Bay Area and enhance its operational capabilities to improve profitability[10]. - The company aims to reduce its debt ratio and accelerate the disposal and sale of non-core assets[10]. - The group is constructing a new solar factory in Jiangsu Province to capitalize on growth trends in the solar photovoltaic industry[25]. Shareholder Engagement - The company has established a written policy for communication with shareholders to ensure timely and balanced information dissemination[95]. - The company has made provisions of RMB 80 million for losses related to a legal dispute, which has been recognized in the consolidated financial statements[52]. Employee and Community Engagement - The group had a total of 2,557 employees as of December 31, 2021, down from 3,059 employees as of December 31, 2020[165]. - The group made charitable donations amounting to RMB 304,000 during the year[110].

CHINA HUAJUN GROUP LIMITED 中國華君集團有限公司 （於百慕達註冊成立之有限公司） 股份代號: 377 (Incorporated in Bermuda with limited liability) (Stock Code ) INTERIM REPORT 2021 中期報告 INTERIM REPORT 2021 中期報告 CHINA HUAJUN GROUP LIMITED 中國華君集團有限公司 CONTENTS 目錄 | | Pages | | --- | --- | | | 頁數 | | Corporate Information | 2 | | 公司資料 | | | Management Discussion and Analysis | 4 | | 管理層討論及分析 | | | Condensed Consolidated Statement of Profit or Loss | 14 | | and Other Comprehensive Income | | | 簡明綜合損益及其他全面收益表 | | | Condensed Consolidated | 16 | | ...

CHINA HUAJUN GROUP LIMITED 中國華君集團有限公司 （於百慕達註冊成立之有限公司） （股份代號: 377) 年 報 2020 目錄 | 公司資料 | 2 | | --- | --- | | 主席報告書 | 4 | | 管理層討論及分析 | 5 | | 董事及高級管理層履歷 | 14 | | 企業管治報告 | 16 | | 董事會報告書 | 28 | | 獨立核數師報告書 | 44 | | 綜合損益及其他全面收益表 | 47 | | 綜合財務狀況表 | 49 | | 綜合權益變動表 | 52 | | 綜合現金流量表 | 54 | | 綜合財務報表附註 | 57 | | 五年財務概要 | 212 | | 物業概要 | 213 | 1 中國華君集團有限公司 頁數 公司資料 董事會 執行董事 孟廣寶先生 （主席） 張曄女士 （行政總裁） 黃秀梅女士 包麗敏女士 獨立非執行董事 鄭柏林先生 沈若雷先生 潘治平先生 審核委員會 潘治平先生 （主席） 鄭柏林先生 沈若雷先生 薪酬委員會 鄭柏林先生 （主席） 沈若雷先生 潘治平先生 張曄女士 提名委員會 沈若雷先生 （主席） 鄭柏林先生 潘治平先生 ...

CONTENTS 目錄 | Pages | | | --- | --- | | | 頁數 | | Corporate Information | 2 | | 公司資料 | | | Management Discussion and Analysis | 4 | | 管理層討論及分析 | | | Condensed Consolidated Statement of Profit or Loss | 16 | | and Other Comprehensive Income | | | 簡明綜合損益及其他全面收益表 | | | Condensed Consolidated | 18 | | Statement of Financial Position | | | 簡明綜合財務狀況表 | | | Condensed Consolidated | 21 | | Statement of Changes in Equity | | | 簡明綜合權益變動表 | | | Condensed Consolidated Statement of Cash Flows | 22 | | 簡明綜合現金流量表 | | | Not ...

CONTENTS 目錄 | | Pages | | --- | --- | | | 頁數 | | Corporate Information | 2 | | 公司資料 | | | Chairman's Statement | 4 | | 主席報告書 | | | Management Discussion and Analysis | 5 | | 管理層討論及分析 | | | Biography of Directors and Senior Management | 15 | | 董事及高級管理層履歷 | | | Corporate Governance Report | 18 | | 企業管治報告 | | | Report of the Directors | 33 | | 董事會報告書 | | | Independent Auditor's Report | 52 | | 獨立核數師報告書 | | | Consolidated Statement of Profit or Loss and | | | Other Comprehensive Income | 64 | | 綜合損益及其他全面收益表 | | ...

CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS | | Pages | | --- | --- | | | 頁數 | | Corporate Information | 2 | | 公司資料 | | | Management Discussion and Analysis | 4 | | 管理層討論及分析 | | | Condensed Consolidated Statement of Profit or Loss | 21 | | and Other Comprehensive Income | | | 簡明綜合損益及其他全面收益表 | | | Condensed Consolidated Statement of | 23 | | Financial Position | | | 簡明綜合財務狀況表 | | | Condensed Consolidated Statement of | 26 | | Changes in Equity | | | 簡明綜合權益變動表 | | | Condensed Consolidated Statement of Cash ...

BOARD OF DIRECTORS Executive Directors Mr. Meng Guang Bao (Chairman) Ms. Zhang Ye (Chief Executive Officer) Mr. Guo Song (Deputy Chief Executive Officer) Mr. He Shufen Mr. Zeng Hongbo Independent Non-Executive Directors (Stock Code 股份代號 : 377) HUAJUN INTERNATIONAL GROUP LIMITED 華君國際集團有限公司 CONTENTS 目錄 | Pages | | | --- | --- | | | 頁數 | | Corporate Information | 2 | | 公司資料 | | | Chairman's Statement | 4 | | 主席報告書 | | | Management Discussion and Analysis | 6 | | 管理層討論及分析 | | | Biography of Directors and Senior ...