Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 2,844,811,000, an increase of 73.3% compared to RMB 1,641,178,000 in 2022[4] - Gross profit for 2023 was RMB 92,367,000, a significant improvement from a gross loss of RMB 344,724,000 in 2022[4] - The company reported a net loss of RMB 2,671,180,000 for 2023, slightly better than the net loss of RMB 2,828,391,000 in 2022[5] - The company reported a total loss of RMB 1,801,047,000 from all segments for the year ended December 31, 2023[27] - The company reported a net loss of approximately RMB 2,671,180,000 for the year ending December 31, 2023[12] - The company recorded a loss attributable to shareholders of approximately RMB 2,679.4 million for the year, compared to a loss of RMB 2,822.3 million in the previous year[85] Assets and Liabilities - The total assets decreased to RMB 5,560,598,000 in 2023 from RMB 8,200,000,000 in 2022, reflecting a reduction of approximately 32.1%[7] - Current liabilities decreased to RMB 11,798,177,000 in 2023 from RMB 14,547,705,000 in 2022, a reduction of about 19.0%[9] - Total liabilities include net current liabilities of approximately RMB 9,453,660,000 and net debt of approximately RMB 6,314,233,000[12] - The company’s equity attributable to shareholders decreased to RMB (6,350,809,000) in 2023 from RMB (3,695,483,000) in 2022, indicating a worsening of 72.0%[9] - The company has outstanding bank loans totaling RMB 22,499,000 as of December 31, 2023, with unpaid interest of RMB 108,000 and penalties and compound interest of approximately RMB 8,375,000[53] Cash Flow and Financial Management - The company’s cash and cash equivalents increased to RMB 65,351,000 in 2023 from RMB 59,739,000 in 2022, showing a growth of 9.0%[7] - The company is taking actions to cease or sell several non-core loss-making operations to maximize cash flow[15] - The company aims to implement cost-cutting measures to minimize operational costs and maintain positive cash flow from its printing and logistics businesses[16] - The company expects to have sufficient operating funds to meet its current needs by December 31, 2024, if the planned measures are successfully implemented[17] Revenue Breakdown - Total revenue from customer contracts amounted to RMB 2,839,050,000, with significant contributions from printing products (RMB 376,492,000) and property development (RMB 1,559,985,000)[22] - The property development and investment segment generated revenue of approximately RMB 1,299.3 million, significantly contributing to the overall revenue increase[66] - The trade and logistics segment reported revenue of RMB 856.8 million, a decrease from RMB 1,035.1 million in the previous year, attributed to changes in product structure[67] - The printing segment's revenue decreased to RMB 376.5 million from RMB 491.3 million, due to strict inventory control by major clients[67] Operational Changes and Future Plans - The company plans to relocate its main operating location to Hong Kong starting January 12, 2024, which may impact future operational strategies[10] - The company plans to restructure its property business and is negotiating with creditors to offset mortgage assets against debts[13] - The company plans to continue focusing on its core segments while managing its other divisions, including solar photovoltaic and hotel services[26] - The company anticipates a challenging business environment for its printing operations and plans to allocate more resources to develop new clients[71] Legal and Compliance Issues - The company is involved in multiple litigation cases related to overdue loans and accrued interest totaling approximately RMB 7,128,943,000[12] - The company has faced challenges in the property development and investment segment due to tightened financing policies and liquidity issues since 2022, leading to a focus on selling existing projects[74] - The independent auditor did not express an opinion on the consolidated financial statements due to the inability to obtain sufficient appropriate audit evidence[101] Cost Management - Total employee costs decreased to RMB 184,169 thousand in 2023 from RMB 225,768 thousand in 2022, reflecting a reduction of approximately 18.4%[37] - Selling and distribution expenses decreased by approximately RMB 10 million or 13.4% to about RMB 64.8 million, representing 2.3% of revenue[79] - Administrative expenses decreased by approximately RMB 48.8 million or 21.0% to about RMB 184.0 million, representing 6.5% of revenue[80] - Financial expenses were approximately RMB 879.8 million, a decrease from RMB 1,305.5 million in the previous year, mainly due to reduced interest from bank loans[81] Shareholder Information - The company has not proposed any final dividends for the year[111] - The annual general meeting of shareholders is scheduled for June 28, 2024, with a suspension of share transfer registration from June 25 to June 28, 2024[113] - The company's annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website, with the 2023 annual report to be released in due course[114]

Revenue Performance - For the six months ended June 30, 2023, revenue was approximately RMB 2,018.7 million, an increase of approximately RMB 1,140 million or 129.7% compared to RMB 878.7 million for the same period in 2022[13]. - The increase in revenue was primarily driven by the Property Development and Investments segment, which recorded revenue of approximately RMB 1,315.6 million, up approximately RMB 1,288.2 million from RMB 27.4 million in the last period[14]. - The Trading and Logistics segment generated revenue of approximately RMB 485.0 million, a decrease from RMB 557.0 million in the last period, attributed to a shift in product mix towards higher-margin petrochemical products[15]. - The Printing segment reported revenue of approximately RMB 199.2 million, down from RMB 257.5 million in the last period, due to strict inventory control by major customers[15]. - The overall revenue breakdown by segment for the six months ended June 30, 2023, was: Printing 9.9%, Trading and Logistics 24.0%, Property Development and Investments 65.2%, and Others 0.9%[19]. Financial Losses and Challenges - The Group recorded a loss attributable to shareholders of approximately RMB 1,288.8 million during the Reporting Period, compared to a loss of approximately RMB 1,133.8 million for the Last Period[47][53]. - The Group recorded a loss on changes in fair value of investment properties of RMB 829.0 million, compared to a loss of RMB 260.2 million in the Last Period[46]. - The Group anticipates a challenging business environment for the printing business due to customer inventory control and market volatility, and plans to allocate more resources to develop new customers[21]. - The Group's future liquidity is uncertain, and it may be unable to operate as a going concern if it fails to achieve its restructuring plans[96]. - The Group incurred a net loss of RMB 1,280,279,000 for the period ended June 30, 2023[94]. Financial Position and Ratios - As of June 30, 2023, total shareholders' funds recorded a deficiency of approximately RMB 4,858.8 million, an increase from a deficiency of approximately RMB 3,667.1 million as of December 31, 2022[48][54]. - The Group's current assets were approximately RMB 5,021.2 million, down from approximately RMB 5,560.6 million as of December 31, 2022, with current liabilities at approximately RMB 13,178.1 million[49][55]. - The current ratio was 0.39 as of June 30, 2023, slightly up from 0.38 as of December 31, 2022[49][55]. - The gearing ratio increased to 76.4% as of June 30, 2023, compared to 61.4% as of December 31, 2022[50]. - The Group's total liabilities increased to RMB 13,379,055,000 as of June 30, 2023, compared to RMB 14,772,157,000 at the end of 2022[133]. Cost Management and Expenses - Selling and distribution expenses decreased by approximately RMB 2.5 million or 7.3% to approximately RMB 31.9 million, representing 1.6% of revenue for the Reporting Period[37]. - Administrative expenses decreased by approximately RMB 28.3 million or 23.6% to approximately RMB 91.5 million, representing 4.5% of revenue for the Reporting Period[38]. - The Group plans to implement further cost reduction measures to minimize operating costs and retain resources for its printing and logistics and trading business, which provide positive cash flows[103]. - The Group aims to implement cost-cutting measures to minimize operating costs and maintain positive cash flow for its printing, logistics, and trading businesses[107]. Asset Management and Disposals - The Group disposed of its core financial services business in May 2023 due to ongoing operating losses and market volatility[12]. - The Group plans to focus on disposing of existing property projects and discussing loan repayment matters with creditors due to challenges in the Property Development and Investments segment[26]. - The Group plans to maximize cash flow by ceasing or selling several non-core loss-making operations[107]. - The Group is actively monitoring opportunities for strategic asset disposals to enhance liquidity in a competitive market environment[71]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period were approximately RMB 73,556,000, down from RMB 152,204,000 at the beginning of the period[90]. - For the six months ended June 30, 2023, the Group reported a net cash inflow from investing activities of RMB 1,194,490,000, compared to a net outflow of RMB 24,292,000 for the same period in 2022[89]. - The Group's capital and other commitments as of June 30, 2023, amounted to RMB 654,691,000[94]. - The Group is in discussions with legal counsel, financial advisors, and corporate bondholders for debt restructuring and revised repayment plans[104]. Segment Performance - For the six months ended June 30, 2023, the Group reported segment revenues of RMB 1,999,807,000 from external customers, with a total loss before tax of RMB 1,308,016,000[124]. - The printing segment generated revenue of RMB 199,226,000, while the trading and logistics segment contributed RMB 484,954,000, and property development and investments accounted for RMB 1,315,627,000[124]. - The Group's total segment results showed a loss of RMB 855,553,000, with unallocated corporate administrative expenses of RMB 5,738,000[124]. Debt and Borrowing - The Group's total borrowings as of June 30, 2023, were RMB 6,421,057,000, a decrease of 4.5% from RMB 6,724,068,000 at the end of 2022[181]. - The total outstanding principal amount of defaulted borrowings was approximately RMB 6,227,567,000 as of June 30, 2023, down from RMB 6,609,578,000 at the end of 2022[184]. - The Group's financial obligations include significant penalties and interest due to breaches in repayment terms[198]. - The Group is taking actions to cease or dispose of certain non-core loss-making business operations to maximize cash flows[102].

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 何部分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） 截至二零二三年六月三十日止六個月 中期業績公告 中國華君集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬 公司（「本集團」）截至二零二三年六月三十日止六個月的未經審核業績。本公告載 列本公司二零二三年中期報告全文，符合香港聯合交易所有限公司證券上市規則 中有關中期業績初步公告附載的資料的相關規定。本公司二零二三年中期報告的 印刷版本將於二零二三年九月上旬寄發予本公司股東。 業績公告發佈 本中期業績公告可在香港交易及結算所有限公司網站(http://www.hkexnews.hk)及 本公司網站(http://www.chinahuajungroup.com)閱覽。 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was approximately RMB 1,641.2 million, a decrease of about RMB 1,871.2 million or approximately 53.3% compared to RMB 3,512.4 million for the previous year[8]. - The group reported a gross loss of approximately RMB 344.7 million, with a gross loss margin of about 21.0%, compared to a gross profit of approximately RMB 74.1 million and a gross profit margin of about 2.1% last year[24]. - The group recorded a loss attributable to shareholders of approximately RMB 2,822.3 million for the year, compared to a loss of approximately RMB 1,778.0 million last year[31]. - The group reported a net loss of approximately RMB 2,828,391,000 for the year ended December 31, 2022[190]. - The financial statements were prepared based on the going concern assumption, contingent on the successful implementation of management's plans[196]. Revenue Breakdown - The trade and logistics segment contributed approximately 63.1% of total revenue, while the printing segment accounted for about 29.9%[13]. - Domestic sales in China continued to be the main source of revenue, representing approximately 78.5% of total revenue, down from 89.3% in the previous year[13]. - The property development and investment segment's revenue decreased significantly, contributing only 2.5% to total revenue compared to 19.8% the previous year[14]. - Revenue from the United States increased to RMB 215.0 million, representing 13.1% of total revenue, compared to 5.1% the previous year[16]. - The printing segment recorded revenue of approximately RMB 491.3 million, while the trade and logistics segment generated revenue of approximately RMB 1,035.1 million, both showing significant declines from the previous year[21]. Cost Management and Financial Strategy - The outlook indicates a focus on cost-saving measures, restructuring loss-making businesses, and improving liquidity and capital structure[9]. - The company plans to accelerate the disposal and sale of property assets to strengthen its financial position[9]. - Administrative expenses decreased by approximately RMB 72.4 million or 23.7% to about RMB 232.8 million, representing 14.2% of revenue[26]. - Financial expenses increased to approximately RMB 1,305.5 million from RMB 1,097.3 million last year, primarily due to issues with liquidity affecting capitalized interest expenses[27]. Corporate Governance - The board of directors has established a strategic policy framework and business plans to oversee business performance[53]. - The role of chairman and CEO has been separated, with Yan Ruijie appointed as acting chairman and CEO since December 30, 2022[60]. - The independent non-executive directors have confirmed their independence in accordance with listing rules, contributing valuable insights to the board[58]. - The company has taken measures to ensure strict compliance with listing rules and corporate governance codes[63]. - The board's decision-making process involves collaboration among all members, ensuring independent perspectives on major decisions[63]. Risk Management - The board is responsible for the risk management and internal control systems, which are reviewed annually by an independent service provider[112]. - The company emphasizes the importance of environmental, social, and governance (ESG) factors in its risk management practices[112]. - The independent auditor's report indicates significant uncertainty regarding the group's ability to continue as a going concern, which raises substantial doubts about its financial stability[192]. - The audit committee is responsible for overseeing the financial reporting process of the group[197]. Shareholder Communication and Dividends - The company has established a shareholder communication policy to ensure timely and balanced information dissemination to shareholders[118]. - The board did not recommend any final dividend for the year, consistent with the previous year[134]. - The company has adopted a dividend policy aimed at allowing shareholders to participate in profits while retaining sufficient reserves for future growth[135]. Legal and Compliance Issues - The group faces foreign exchange risks related to cash balances and receivables denominated in currencies other than its functional currency, with management ensuring net risk remains at acceptable levels[39]. - The group has various contingent liabilities arising from unresolved legal proceedings, but management believes these will not have a significant financial impact[41]. - The company has not disclosed any related party transactions that would require compliance with listing rules[154]. Board Composition and Diversity - The board consists of six directors and one senior management member, with a diversity ratio of 16.67% female representation[81]. - The company aims to gradually increase the proportion of female members on the board as suitable candidates are identified[81]. - The nomination committee was established to ensure a balanced board composition in terms of skills, experience, and diversity[94]. Employee and Operational Changes - The number of employees in the group decreased to 2,130 as of December 31, 2022, down from 2,557 on December 31, 2021[181]. - The company has implemented anti-corruption training for employees, with no reported violations related to bribery and corruption[117].

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 ...