Financial Performance - Revenue for the three months ended March 31, 2024, was $11.2 million, a decrease of 60.5% from $28.3 million in the same period of 2023[11] - Gross profit for the same period was $0.4 million, down 88.7% from $3.4 million year-over-year[11] - The company reported a net loss after tax of $1.6 million for the three months ended March 31, 2024, compared to a profit of $1.6 million in the prior year, representing a decline of $3.2 million[11] Cash Flow and Assets - Operating cash flow for the period was $3.5 million, a significant improvement from a negative cash flow of $4.3 million in the same quarter of 2023[9] - Total assets decreased to $88.0 million as of March 31, 2024, down from $97.6 million at the end of 2023[17] - Cash and bank balances were $47.6 million, a decrease from $54.0 million at the end of 2023[17] - The company’s total equity was $48.3 million as of March 31, 2024, down from $51.1 million at the end of 2023[8] Inventory and Financing - Inventory levels were reported at $22.2 million, slightly down from $22.9 million in the previous year[20] - The company experienced a significant increase in financing income, which was $0.7 million compared to $1.8 million in the same period last year[4] Foreign Exchange Impact - The company recorded a foreign exchange loss of $1.3 million for the period, compared to a loss of $0.2 million in the same quarter of 2023[15]

Economic Outlook - The company anticipates ongoing challenges in the global economy for 2024, including inflation and high interest rates, which are expected to negatively impact consumer sentiment and the motorcycle manufacturing and sales industry[1]. Financial Performance - The company's revenue for the fiscal year ending December 31, 2023, was $105.1 million, a decrease of 20.9% from $132.9 million in 2022[42]. - The net profit for the fiscal year 2023 was $1.7 million, improving from a net loss of $0.2 million in 2022, representing a $1.9 million improvement[41]. - Total sales volume in Vietnam for 2023 was approximately 39.5 thousand units, a decrease of 13.0% compared to the previous year[39]. - Exports to ASEAN countries decreased, with total sales of scooters and national vehicles amounting to approximately 46.8 thousand units, down 26.9% year-on-year[39]. - The total assets as of December 31, 2023, were $106.1 million, down from $127.0 million in 2022[27]. - The total liabilities decreased to $55.0 million in 2023 from $76.1 million in 2022[27]. - The equity return rate improved to 3.3% in 2023 from a negative 0.4% in 2022[27]. - Domestic sales revenue in Vietnam decreased by 8.1% to $36.1 million for the year ended December 31, 2023, down from $39.3 million for the year ended December 31, 2022[43]. - Gross profit increased by $1.9 million to approximately $15.5 million, with a gross margin improvement of 4.5 percentage points to 14.7% for the year ended December 31, 2023[44]. - Sales cost decreased by 24.8% to $89.7 million for the year ended December 31, 2023, from $119.3 million for the year ended December 31, 2022, resulting in a sales cost ratio reduction from 89.8% to 85.3%[46]. - Net profit for the year ended December 31, 2023, was $1.7 million, an improvement of $1.9 million from a net loss of $0.2 million for the year ended December 31, 2022, resulting in a net profit margin of 1.6%[51]. - Administrative and other operating expenses increased by 11.3% to $7.9 million for the year ended December 31, 2023, from $7.1 million for the year ended December 31, 2022[54]. Strategic Initiatives - The company plans to adopt a more flexible and diversified procurement strategy for raw materials and components to reduce production costs and enhance efficiency[1]. - The company plans to launch multiple new or revamped motorcycle models in Vietnam, ASEAN countries, Europe, and the Middle East to enhance product diversification and market share[68]. - The company will continue to expand sales and maintenance service points to improve customer service and brand loyalty[68]. - The company is actively exploring markets outside ASEAN, including Europe and the Middle East, with sales in Dubai increasing by 25.3% compared to 2022[36]. - The company is committed to developing multiple electric vehicle models in addition to gasoline motorcycles, emphasizing lightweight design and user convenience[183]. Corporate Governance and Compliance - The company emphasizes high standards of corporate governance and compliance with national laws and regulations[79][80]. - The company has not changed its auditor in the past three years, with a resolution to reappoint KPMG as the auditor to be presented at the upcoming annual general meeting[109]. - The board has established an ESG governance structure to enhance management of ESG initiatives, with specific goals set for sustainable development[121]. - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules and has complied with all applicable provisions[196]. - The board of directors is responsible for monitoring the company's business and management affairs, ensuring a balanced composition of executive and non-executive directors[197]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to promoting environmental sustainability and high standards of corporate social governance[103]. - The company aims to expand the reporting scope of environmental KPIs in the future to provide a more comprehensive reflection of ESG performance[111]. - The company is focused on enhancing employee awareness and participation in ESG initiatives, including carbon reduction and community contributions[121]. - The company has engaged stakeholders through surveys and interviews to assess the importance of ESG issues relevant to its business[110]. - The company has established an ESG management framework, with a Safety and Health Committee responsible for reviewing environmental and labor safety policies[138]. Risk Management - The company faces climate-related risks, including extreme weather events that could disrupt the supply chain and increase operational costs due to stricter regulations[160]. - The company has implemented measures to enhance disaster resilience and business continuity in response to extreme weather risks[161]. - The company is addressing market and regulatory risks by planning factory relocations to comply with stricter environmental and labor standards[170]. Customer Relations and Quality Management - The company conducts annual customer satisfaction surveys and analyzes the results to improve service and maintain long-term relationships, with no customer complaints reported this year[166][175]. - The company emphasizes product quality management by implementing ISO9001 standards and conducting weekly meetings to address significant quality issues, ensuring compliance with national laws and regulations[163]. - The company has established strict quality control measures, including monthly evaluations of supplier delivery quality and adherence to environmental and labor regulations[181]. - The company has not experienced any significant quality violations or product recalls during the fiscal year ending December 31, 2023[180]. Investment and Development - The company has allocated approximately $11.7 million for the construction and establishment of a research and development center in Vietnam[76]. - The company plans to expand its distribution channels in Vietnam, with an investment of approximately $15.0 million for building new specialty stores and $4.0 million for enhancing existing distributors[76]. - The company has earmarked approximately $9.0 million for mergers and acquisitions of assets or businesses[76].

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的內容概不負責，對其準確性或完整性亦不發表聲明， 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的任何損失承擔任何責任。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 （於開曼群島註冊成立的有限公司） （股份代號：422） 公 告 截至二零二三年九月三十日止九個月之 未經審核業績 財務摘要： （以百萬美元表示） 截至九月三十日止九個月 二零二三年 二零二二年 變動 （未經審核） （未經審核） 金額 ‧總收入 89.2 95.9 (6.7) ‧毛利 13.0 9.1 3.9 ‧稅後淨利潤／（虧損） 3.5 (0.6) 4.1 越南製造加工出口（控股）有限公司（「本公司」）謹此宣佈本公司及其附屬公司（「本集團」） ...

Sales Performance - Total sales volume in Vietnam decreased by 16.2% to approximately 15.6 thousand units for the six months ended June 30, 2023, compared to the same period last year[2]. - Revenue for the six months ended June 30, 2023, was $60.6 million, a decrease of 2.6% from $62.2 million for the same period in 2022[3]. - Revenue from motorcycle manufacturing and sales for the six months ended June 30, 2023, was $55,983,595, compared to $55,732,411 for the same period in 2022, showing a slight increase of 0.4%[75]. - Total segment revenue for the six months ended June 30, 2023, was $77,212,783, compared to $79,191,202 in the previous year, indicating a decrease of about 2.5%[75]. - The total sales of the top five foreign direct investment motorcycle manufacturers in Vietnam decreased by 13.2% year-on-year to 1,223,614 units in the first half of 2023[96]. Profitability - Net profit increased to $3.0 million for the six months ended June 30, 2023, up from $0.3 million in the same period last year, representing an increase of $2.7 million[13]. - The company recorded a net profit of $3.0 million for the six months ended June 30, 2023, an increase of $2.7 million compared to $0.3 million for the same period in 2022, resulting in a net profit margin increase from 0.6% to 5.0%[103]. - The company reported a pre-tax profit of $3,008,031 for the six months ended June 30, 2023, compared to $350,198 for the same period in 2022, indicating a substantial growth[75]. - Gross profit increased to approximately $8.5 million with a gross margin of 14.0% for the six months ended June 30, 2023, compared to a gross profit of approximately $5.7 million and a gross margin of 9.1% for the same period in 2022[80]. - For the six months ended June 30, 2023, the company reported revenue of $60,607,091, a decrease of 2.57% from $62,204,787 in the same period of 2022[125]. Expenses and Costs - Administrative and other operating expenses rose by 6.3% to $3.4 million, accounting for 5.6% of total revenue for the six months ended June 30, 2023[4]. - The cost of sales decreased by 7.6% from $56.5 million for the six months ended June 30, 2022, to $52.2 million for the same period in 2023, primarily due to a decline in overall sales volume[79]. - Distribution expenses rose by 2.4% from $2.96 million for the six months ended June 30, 2022, to $3.03 million for the same period in 2023, driven by increased transportation and packaging costs due to higher sales volume in ASEAN countries[81]. - Research and development expenses increased to $710,454 for the six months ended June 30, 2023, compared to $630,994 for the same period in 2022, indicating a focus on innovation[93]. - The company's selling cost as a percentage of total revenue decreased from 90.9% for the six months ended June 30, 2022, to 86.0% for the same period in 2023, reflecting improved cost management[79]. Financial Position - Cash and bank deposits totaled $52.4 million as of June 30, 2023, down from $55.3 million at the end of 2022[25]. - As of June 30, 2023, total equity was reported at $53,814,840, an increase from $50,882,746[47]. - As of June 30, 2023, total assets amounted to $115,175,322, a decrease of 2.4% from $118,048,536 as of December 31, 2022[59]. - Current liabilities decreased to $67,864,896 from $73,765,269, reflecting a reduction of approximately 8.0%[59]. - The company’s debt ratio improved to 75.0% as of June 30, 2023, down from 79.0% at the end of 2022, calculated as total bank loans divided by total equity[110]. Future Plans and Strategies - The company launched several new stylish models of scooters and cars in the first half of 2023 to meet the demands of young consumers and women[8]. - The company plans to continue expanding its distribution channels in Vietnam, including enhancing existing dealers and building new specialty stores[10]. - The company aims to actively develop new models and diversify its product offerings to meet consumer demand and enhance revenue[3]. - The company plans to focus on the Vietnamese student market and conduct nationwide motorcycle safety education activities to attract potential consumers[107]. - The company plans to focus on product innovation and enhance its core technology development capabilities to improve long-term profitability[135]. Compliance and Governance - The company has maintained compliance with all applicable corporate governance code provisions as of June 30, 2023[36]. - The mid-term financial report was reviewed by KPMG in accordance with the Hong Kong Institute of Certified Public Accountants' standards[39]. - The group has no provisions for Hong Kong profits tax as it did not earn any taxable income during the reporting period[143]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[40]. - The company expressed gratitude to its shareholders, suppliers, and customers for their support during the reporting period[122]. - The group’s major shareholder, Sanyang Industrial Co., Ltd., holds approximately 67.07% of the total share capital[141]. Inventory and Trade Receivables - The company recorded a significant increase in inventory write-downs, amounting to $206,256 for the six months ended June 30, 2023, compared to $26,690 for the same period in 2022[93]. - Trade receivables decreased to $18,955,035 as of June 30, 2023, from $19,740,540 as of December 31, 2022[152]. - Trade receivables from related parties amounted to $24,622 for the six months ended June 30, 2023, compared to $67,226 for the same period in 2022, reflecting a decrease[163]. Impairment and Losses - The company incurred an impairment loss of approximately $0.3 million on other properties, plants, and equipment due to poor performance in its motorcycle manufacturing and sales segments[102]. - The group reported a significant impairment loss of $255,900 for the six months ended June 30, 2023, compared to $134,352 for the same period in 2022[150]. - Inventory write-downs amounted to $206,256 for the six months ended June 30, 2023, up from $26,690 in the same period of 2022, due to slow-moving inventory[151].

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的內容概不負責，對其準確性或完整性亦不發表 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的任何損失承擔任何責 任。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 (於開曼群島註冊成立的有限公司) (股份代號：422) 截至二零二三年六月三十日止六個月 中期業績公告 財務摘要： （以百萬美元表示） 截至六月三十日止六個月 二零二三年 二零二二年 變動金額 ‧收入 60.6 62.2 (1.6) ‧毛利 8.5 5.7 2.8 ‧淨利潤(稅後) 3.0 0.3 2.7 ‧每股盈利(美元) 0.0033 0.0004 0.0029 越南製造加工出口（控股）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（統稱「本集團」）截至二零二三年六月三十日止六個月的未經審核綜合財務業 績，連同二零二二年同期比較數字。 ...

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的內容概不負責，對其準確性或完整性亦不發表聲明， 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的任何損失承擔任何責任。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 (於開曼群島註冊成立的有限公司) (股份代號：422) 公 告 截至二零二三年三月三十一日止三個月之 未經審核業績 財務摘要： （以百萬美元表示） 截至三月三十一日止三個月 二零二三年 二零二二年 變動 (未經審核) (未經審核) 金額 ‧總收入 28.30 28.13 0.17 ‧毛利 3.39 2.45 0.94 ‧稅後淨利潤 1.62 0.53 1.09 越南製造加工出口（控股）有限公司（「本公司」）謹此宣佈本公司及其附屬公司（「本集團」） ...

Financial Performance - In 2022, the company's revenue reached $132.9 million, a 43% increase from $93.0 million in 2021[8] - The gross profit for 2022 was $13.6 million, compared to $5.9 million in 2021, reflecting a significant improvement[8] - The company's revenue for the year ended December 31, 2022, was $132.9 million, an increase of $39.9 million or 42.9% from $93.0 million in the previous year[18] - Domestic sales in Vietnam contributed approximately 29.6% of total revenue, up from 27.4% in the previous year, with domestic revenue increasing by 54.1% to $39.3 million[18] - Export sales revenue rose by 38.7% to $93.6 million, compared to $67.5 million in the previous year[18] - The company's gross profit for the year was approximately $13.6 million, with a gross margin of 10.2%, an increase of 3.9 percentage points from the previous year[20] - The company recorded an operating profit of $0.6 million for the year, a significant improvement from an operating loss of $6.6 million in the previous year[25] - The net loss for the year decreased by 96.4% to $0.2 million, down from $5.6 million in the previous year, resulting in a net loss margin of 0.2%[28] Sales and Market Expansion - The company sold approximately 45.4 thousand motorcycles in Vietnam in 2022, marking a 61.7% increase compared to the previous year[14] - The introduction of new stylish scooters and national motorcycles in 2022 contributed to the sales growth, targeting consumer preferences during peak demand seasons[14] - The company exported approximately 64.0 thousand scooters and national cars to ASEAN countries in 2022, an increase of 36.1% compared to the previous year[15] - The company plans to continue expanding its market presence beyond ASEAN countries, including Greece, Dubai, and Colombia, while enhancing relationships with existing customers[15] - The company plans to launch several new or revamped motorcycle models in the Vietnamese and ASEAN markets in 2023 to enhance product diversification and profitability[42] Financial Position and Assets - Total assets increased to $127.0 million in 2022 from $113.7 million in 2021, while total liabilities rose to $76.1 million from $61.1 million[8] - As of December 31, 2022, the group's net current assets amounted to $44.3 million, a decrease from $45.5 million in the previous year[29] - The group's total current assets were $118.1 million, up from $105.9 million year-on-year, while current liabilities increased to $73.8 million from $60.4 million[29] - The debt ratio as of December 31, 2022, was 79.0%, compared to 69.0% the previous year, indicating a significant increase in leverage[29] - The total cash and bank deposits amounted to $55.3 million, including $47.9 million in Vietnamese Dong, $6.9 million in USD, and $0.5 million in TWD[29] Governance and Compliance - The company established a nomination committee on January 19, 2022, to comply with the revised listing rules, correcting previous deviations from the corporate governance code[55] - The board held 11 meetings and 2 shareholder meetings during the year ended December 31, 2022, with all directors actively participating[61] - The company has adopted a remuneration committee to ensure a formal and transparent process for determining the remuneration policies for directors and senior management[67] - The board consists of a balanced mix of executive and non-executive directors, ensuring effective oversight of the company's operations[57] - The company has confirmed the independence of all current independent non-executive directors, in compliance with listing rules[64] - The chairman and CEO roles are held by different individuals, promoting a balance of power within the board and management[62] - The company has a clear mechanism for risk management and has established policies aligned with its strategic objectives[59] - The board is responsible for setting the company's goals, strategies, and policies, as well as monitoring operational and financial performance[59] - The company has complied with the standards of conduct for securities trading by its directors throughout the year[56] Employee and Social Responsibility - The total salary and related costs for the year ended December 31, 2022, were approximately $12.1 million, an increase from $11.2 million in the previous year, with a workforce of 1,155 employees[40] - The company emphasizes employee training and development, particularly for management and key personnel[137] - The company made approximately $6,600 in charitable donations during the year ended December 31, 2022[139] - The company is committed to providing superior wages and benefits to maintain harmonious labor relations amid rising labor awareness in Vietnam[184] Risk Management and Quality Control - The company has identified significant risks in the Vietnamese motorcycle industry due to market changes and increased competition[155] - The company has established a comprehensive internal audit system to prevent corruption and fraud, with no significant violations reported for the year[198] - The group implements a strict quality management system, adhering to the "three no principles" of not accepting, producing, or releasing defective products[190] - The company conducts weekly meetings to address significant quality issues and develop improvement plans to ensure product quality compliance[188] - No customer complaints were received this year, indicating strong customer satisfaction and effective communication[191] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to promoting environmental sustainability and high standards of corporate governance, encouraging employee participation in social activities[166] - The company has established an ESG governance framework to enhance its ESG management efforts[172] - The company aims to expand the reporting scope of environmental KPIs to better reflect its ESG performance in the future[171] - The company is actively expanding into rural and overseas markets while developing environmentally friendly and electric vehicle options to meet consumer demand[185] - The company has identified climate-related risks, including extreme weather events and stricter air pollution standards, which may increase production and operational costs[184]

Financial Performance - Total revenue for the nine months ended September 30, 2022, was $95.9 million, an increase of 39% compared to $69.0 million in the same period of 2021[2] - Gross profit for the same period was $9.1 million, up from $4.8 million, reflecting a significant improvement in profitability[2] - The company reported a net loss after tax of $0.6 million, a reduction of 83% from a net loss of $3.6 million in the previous year[2] - Operating cash flow for the nine months was $3.5 million, compared to a cash outflow of $4.1 million in the same period last year, indicating a positive shift in cash generation[22] - The company reported a significant increase in other income to $0.8 million from $0.2 million, indicating improved operational efficiency[5] Balance Sheet - Total assets as of September 30, 2022, amounted to $110.8 million, an increase from $105.9 million at the end of 2021[18] - Current liabilities increased to $67.7 million from $60.4 million, primarily due to higher trade and other payables[18] - The company’s cash and cash equivalents at the end of the period were $13.4 million, up from $10.0 million at the beginning of the period[22] - The company’s equity attributable to shareholders decreased to $49.9 million from $52.6 million, reflecting the impact of the net loss[20] Strategic Focus - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[2]

Sales Performance - The group's total sales volume in Vietnam for the six months ended June 30, 2022, was approximately 18.6 thousand units, a decrease of 6% compared to the same period last year[8]. - Revenue for the six months ended June 30, 2022, was $62.2 million, an increase of 3.7% from $60.0 million for the same period in 2021[9]. - The group exported approximately 31.3 thousand units of scooters and national motorcycles to ASEAN countries, an increase of 5% compared to the same period last year[8]. - Revenue from motorcycle sales was $55,732,411, while spare parts and engine sales generated $6,459,240, and mold and maintenance services contributed $13,136[65]. - The revenue distribution by region showed that Thailand contributed $24,226,319, an increase from $22,591,753 in 2021, reflecting a growth of about 7.2%[64]. Profitability - The group recorded a net profit of $0.3 million for the six months ended June 30, 2022, improving from a net loss of $1.2 million in the same period last year[9]. - The gross profit for the six months ended June 30, 2022, was approximately $5.7 million, with a gross margin of 9.1%, compared to $5.4 million and 9.0% for the same period in 2021[13]. - Net profit for the six months ended June 30, 2022, was $0.3 million, an improvement of $1.5 million compared to a net loss of $1.2 million for the six months ended June 30, 2021, resulting in a net profit margin of 0.6%[19]. - The company reported a pre-tax profit of $350,198 for the six months ended June 30, 2022, compared to a pre-tax loss of $1,204,651 in the same period of 2021[66]. - The company reported a total comprehensive income of $(469,355) for the six months ended June 30, 2022, compared to a loss of $(5,568,543) in the previous year, indicating a recovery trend[57]. Expenses and Costs - Sales cost increased by 3.7% to $56.5 million for the six months ended June 30, 2022, compared to $54.5 million for the same period in 2021[12]. - Distribution expenses decreased by 9.1% from $3.3 million for the six months ended June 30, 2021, to $3.0 million for the six months ended June 30, 2022[14]. - Administrative and other operating expenses decreased by 8.6% from $3.5 million for the six months ended June 30, 2021, to $3.2 million for the six months ended June 30, 2022, accounting for 5.2% of total revenue[15]. - Employee costs decreased to $5,236,086 in 2022 from $5,893,498 in 2021, indicating a reduction of approximately 11.1%[67]. - Research and development expenses were $630,994 for the six months ended June 30, 2022, down from $813,607 in 2021, a decrease of about 22.4%[68]. Financial Position - As of June 30, 2022, the company's current assets were $114.4 million, with current liabilities of $69.0 million, resulting in a net current asset value of $45.4 million[20]. - The debt ratio increased to 79.1% as of June 30, 2022, compared to 68.6% as of December 31, 2021[20]. - Total assets as of June 30, 2022, amounted to $114,368,892, up from $105,887,447 as of December 31, 2021, reflecting an increase of approximately 8.3%[51]. - The company’s total liabilities decreased from $47,168,309 as of December 31, 2021, to $42,004,308 as of June 30, 2022, indicating a reduction of approximately 10.5%[58]. - The company’s accumulated losses were reported at $(27,849,395) as of June 30, 2022, a decrease from $(28,195,626) as of December 31, 2021, reflecting a reduction in losses[57]. Strategic Initiatives - The group aims to stabilize production and operations while actively seeking sustainable development opportunities amid rising inflation and supply chain challenges[7]. - The company plans to focus on the Vietnamese student market and enhance product design and core technology development in the second half of 2022[27]. - The company aims to expand sales and maintenance service points to improve customer service for its products[27]. - The company will actively participate in market promotion and strengthen overseas after-sales service support in ASEAN countries[27]. - The company continues to focus on expanding its motorcycle-related business and services, with ongoing investments in product development and market expansion strategies[59]. Cash Flow and Financing - The net cash flow from operating activities for the six months ended June 30, 2022, was $1,466,624, a significant improvement compared to a net cash outflow of $(7,977,919) for the same period in 2021[58]. - Cash and cash equivalents increased by $4,286,723 during the six months ended June 30, 2022, compared to a decrease of $(9,898,265) in the same period of 2021[58]. - The company’s financing activities generated a net cash inflow of $4,808,730 for the six months ended June 30, 2022, compared to $7,248,960 in the same period of 2021[58]. - The net proceeds from the IPO amount to approximately $76.7 million, with $58.0 million already utilized and $18.7 million remaining[30]. - The company has allocated $11.7 million for the establishment of a research and development center in Vietnam[30]. Compliance and Governance - The company has complied with the corporate governance code, with the establishment of a nomination committee on January 19, 2022[38]. - All directors have confirmed compliance with the standard code of conduct for securities trading as of June 30, 2022[39]. - The company maintained sufficient public float as per listing rules, ensuring compliance with regulatory requirements[40]. Related Party Transactions - Sales of finished products and spare parts to the ultimate holding company amounted to $56,689 for the six months ended June 30, 2022, down from $67,598 in the previous year[81]. - Purchases of raw materials and finished products from the ultimate holding company totaled $2,388,945, a decrease from $3,304,727 in the prior year[81]. - The total amount of receivables from related parties as of June 30, 2022, was $37,646, a significant decrease from $583,189 as of December 31, 2021[82]. - Trade payables to the ultimate holding company increased to $1,329,111 as of June 30, 2022, compared to $669,936 at the end of the previous year[82]. - Total trade payables to related parties reached $12,752,506 as of June 30, 2022, up from $11,961,731 as of December 31, 2021[82].

Revenue and Profit - Total revenue for the three months ended March 31, 2022, was $28.13 million, a decrease of 4.48% from $29.45 million in the same period of 2021[2] - Gross profit for the same period was $2.45 million, slightly up from $2.44 million year-on-year, indicating a marginal increase of 0.41%[2] - The net profit after tax for the three months ended March 31, 2022, was $0.53 million, a significant improvement from a loss of $0.82 million in the previous year, representing a turnaround of $1.35 million[2] - The company reported a comprehensive income of $0.69 million for the three months ended March 31, 2022, compared to a loss of $(0.42) million in the same period of 2021[12] Cash Flow and Assets - Operating cash flow for the three months was negative at $(1.11) million, an improvement compared to $(5.25) million in the same period last year[24] - Total assets as of March 31, 2022, amounted to $107.59 million, an increase from $105.89 million as of December 31, 2021[20] - Current liabilities were $61.50 million, slightly up from $60.42 million at the end of the previous year[20] - Cash and cash equivalents at the end of the period were $9.57 million, down from $10.27 million at the end of the previous year[24] Equity and Financing - The company’s equity attributable to owners was $53.28 million as of March 31, 2022, compared to $52.59 million at the end of the previous year[22] - The company’s financing income increased to $1.24 million from $0.75 million year-on-year, reflecting a growth of 66.67%[5]