格隆汇8月12日丨纷美包装(00468.HK)宣布，董事会会议将于2025年8月22日（星期五）举行，藉以（其 中包括）考虑及批准本公司及其附属公司截至2025年6月30日止六个月的中期业绩及其发布，并考虑派 发中期股息（如有）。 ...

紛美包裝有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於二零二五年 八月二十二日（星期五）舉行，藉以（其中包括）考慮及批准本公司及其附屬公司截至二零 二五年六月三十日止六個月之中期業績及其發佈，並考慮派發中期股息（如有）。 承董事會命 紛美包裝有限公司 董事會主席兼執行董事 王姿婷 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED 00468 董事會會議通告 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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中華人民共和國，北京，二零二五年八月十二日 於本公告日期，董事會包括三名執行董事王姿婷女士、袁訓軍先生及李協達先生；四名 非執行董事王瑛勵女士、蔡琛誠先生、袁啟堯先生及李惟謹先生；及四名獨立非執行董 事高頌妍女士、鄧本桐先生、蔡偉康先生及陳其先生。 ...

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的任何損失承擔任何責任。 GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED 00468 董事會會議通告 紛美包裝有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於二零二五年 八月十八日（星期一）舉行，藉以（其中包括）考慮及批准本公司及其附屬公司截至二零二 四年十二月三十一日止年度之年度業績及其發佈，並考慮派發末期股息（如有）。 承董事會命 紛美包裝有限公司 董事會主席兼執行董事 王姿婷 中華人民共和國，北京，二零二五年八月六日 於本公告日期，董事會包括三名執行董事王姿婷女士、袁訓軍先生及李協達先生；四名 非執行董事王瑛勵女士、蔡琛誠先生、袁啟堯先生及李惟謹先生；及四名獨立非執行董 事高頌妍女士、鄧本桐先生、蔡偉康先生及陳其先生。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 紛美包裝有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00468 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | | 0.01 HKD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 3,000,000,000 | HKD | | 0.01 HKD | | 30,000,000 | FF301 I ...

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED 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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 零二五年七月三十一日之前完成二零二四年全年業績的審核，本公司需進一步延遲董事 會會議、刊發二零二四年全年業績及寄發二零二四年年報。 00468 內幕消息－進一步延遲刊發二零二四年全年業績； 董事會會議進一步延期； 延遲寄發二零二四年年報；及 繼續暫停買賣 本公告乃由紛美包裝有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港法例 第571章證券及期貨條例第XIVA部項下的內幕消息條文及香港聯合交易所有限公司（「聯 交所」）證券上市規則（「上市規則」）第13.09(2)(a)條作出。 茲亦提述本公司日期為二零二五年二月二十八日（「二月二十八日公告」）、二零二五年三 月二十五日、二零二五年四月三十日、二零二五年五月十六日及二零二五年六月十三日 （「六月十三日公告」）之公告，內容有關（其中包括）延遲刊發二零二四年全年 ...

Market Overview - The market experienced a day of adjustment with the ChiNext index leading the decline, closing down 0.96%, while the Shanghai Composite Index fell by 0.47% and the Shenzhen Component Index decreased by 0.85% [1][3] - Over 4,100 stocks in the market declined, with total trading volume in the Shanghai and Shenzhen markets at 1.14 trillion yuan, a decrease of 46.2 billion yuan from the previous trading day [1] Sector Performance - Defensive sectors such as pig farming, innovative pharmaceuticals, banks, and CROs showed gains, while sectors like gold, glyphosate, controllable nuclear fusion, humanoid robots, environmental protection equipment, and consumer electronics faced declines [1][6] - The pig farming sector saw a boost due to news that the industry would not increase the number of breeding sows and would control the weight of fattening pigs to around 120 kg, which was confirmed by several pig farming companies [7] Investment Insights - The agricultural sector is viewed as a stable investment option due to its essential consumer goods nature and strong policy support, with expectations for continued performance from leading companies in the sector [9] - The pharmaceutical sector is experiencing a revival, supported by the recent approval of 11 new drugs by the National Medical Products Administration, covering various treatment areas including oncology and autoimmune diseases [9] - The military equipment sector is gaining attention due to policies supporting low-altitude economy development, with predictions of significant market growth in drone logistics [10] ETF Performance - Various ETFs related to agriculture, livestock, banking, and military equipment showed positive performance, indicating investor interest in these sectors [11] Market Sentiment - The market is expected to continue its oscillation, with a focus on policy developments and potential new investment opportunities as liquidity remains supportive [14]

Financial Performance - Revenue for the first half of 2024 was RMB 1,627.3 million, a decrease of 13.9% compared to RMB 1,889.5 million in the same period of 2023[10] - Gross profit increased by 11.1% to RMB 330.0 million from RMB 297.0 million year-on-year[10] - Net profit rose by 17.7% to RMB 117.5 million compared to RMB 99.8 million in the previous year[10] - Earnings per share increased by 12.0% to RMB 0.084 from RMB 0.075 in the same period last year[10] - Revenue for the six months ending June 30, 2024, decreased by approximately 13.9% to about RMB 1,627.3 million from RMB 1,889.5 million for the same period in 2023[22] - Revenue from the China segment fell by approximately 23.0% to about RMB 797.3 million, down from RMB 1,035.0 million, primarily due to a slowdown in the dairy consumption market[22] - Gross profit increased by approximately 11.1% to about RMB 330.0 million, with a gross margin rising by 4.6 percentage points to approximately 20.3%[24] - Other income rose by approximately 5.2% to about RMB 26.1 million, mainly due to an increase in government subsidies[26] - Net profit increased by approximately 17.7% to about RMB 117.5 million, with a net profit margin rising by 1.9 percentage points to approximately 7.2%[31] - Total revenue for the six months ended June 30, 2024, was RMB 1,627,319 thousand, a decrease of 13.8% compared to RMB 1,889,542 thousand for the same period in 2023[105] - The operating profit for the six months ended June 30, 2024, was RMB 145,766 thousand, an increase of 16.4% from RMB 125,290 thousand in the previous year[105] - The net profit for the period was RMB 117,497 thousand, up 17.6% from RMB 99,829 thousand in the prior year[105] Operational Developments - The company aims to enhance digital services to support customers in market expansion and channel management[14] - New product development will focus on diversifying packaging types and sizes, as well as creating environmentally friendly products[14] - Approximately 9 billion packages were sold in the first half of 2024, a decrease of about 14.5% compared to the same period in 2023, primarily due to intensified market competition[15] - The company launched an eco-friendly packaging solution, "Ru Mu," which successfully landed with two major clients in May 2024, enhancing product shelf appeal[15] - The company implemented a production data monitoring system (PDMS) in 2024, significantly improving production efficiency and product added value[18] - The Italian factory commenced operations in 2023, alleviating production pressure from the German factory and improving customer satisfaction[18] - The company continues to focus on digital transformation, enhancing operational efficiency through AI, IoT, and 5G technologies[18] - The company aims to optimize its product mix and expand market share while addressing challenges in the sterile packaging industry[21] - The company is committed to contributing to the green transformation and sustainable development of the global dairy industry[21] - The company plans to continue expanding its market presence and investing in new technologies to enhance its product offerings and operational capabilities[95] Financial Position - Cash and cash equivalents as of June 30, 2024, were approximately RMB 780.3 million, down from RMB 866.7 million as of December 31, 2023[32] - Operating working capital increased to approximately RMB 1,831.2 million from RMB 1,590.7 million as of December 31, 2023[37] - Total capital expenditure for the six months ending June 30, 2024, was approximately RMB 77.2 million, down from RMB 104.4 million for the same period in 2023[39] - The company's debt as of June 30, 2024, was approximately RMB 34.5 million, significantly reduced from RMB 140.8 million as of December 31, 2023[35] - The asset-liability ratio decreased to approximately 0.01 from 0.05 as of December 31, 2023, reflecting a reduction in outstanding loans[36] - Total assets as of June 30, 2024, were RMB 3,970,571 thousand, a decrease from RMB 4,028,368 thousand as of December 31, 2023[89] - Total equity increased to RMB 3,143,949 thousand from RMB 2,901,495 thousand at the end of 2023[89] - Current liabilities decreased to RMB 759,605 thousand from RMB 1,042,256 thousand at the end of 2023[89] - The company’s total liabilities decreased from RMB 794,946,000 as of December 31, 2023, to RMB 641,696,000 as of June 30, 2024, indicating a reduction of approximately 19.3%[140] Shareholder and Governance Matters - The company announced a voluntary conditional cash offer at a price of HKD 2.65 per share for all issued shares, excluding those already held by the offeror and its concert parties[43] - The independent board committee was established to provide recommendations to independent shareholders regarding the fairness and reasonableness of the offer terms[43] - The offer's conditions are considered high and may not be fulfilled, indicating a significant level of uncertainty surrounding the offer[46] - The offeror announced that the conditions for the offer had been met following the approval of the offer at the Shandong Xinjufeng shareholders' meeting on June 28, 2024[46] - The company appointed an independent financial advisor to provide advice to the board regarding the offer[46] - The company is considering a possible management-led offer in response to the unsolicited and highly conditional nature of the current offer[46] - The offer period may be extended at the discretion of the offeror until May 6, 2025, or a later date as determined by the offeror[44] - The company has implemented an annual review system to assess employee performance, which forms the basis for decisions on salary increases, bonuses, and promotions[48] - The company did not recommend an interim dividend for the six months ending June 30, 2024, consistent with the previous period[77] - The audit committee consists of two independent non-executive directors and one non-executive director, ensuring compliance with corporate governance codes[77] - The company has adopted the corporate governance code and confirmed compliance with all applicable provisions as of June 30, 2024[75] - The roles of Chairman and CEO are currently held by the same individual, which the board believes enhances internal leadership consistency[75] - Significant changes in the board include the resignation of several directors and the appointment of new members, effective June 28, 2024[80] - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[75] Investment and Expansion Plans - The company entered into a subscription agreement with Tianjin Xueyu on November 30, 2023, to issue 70,498,000 new shares at a subscription price of HKD 1.62 per share, with a total market value of approximately HKD 114,206,760[63] - The subscription price of HKD 1.62 represents a discount of approximately 4.71% to the closing price of HKD 1.70 on November 29, 2023[63] - The net proceeds from the subscription are estimated to be approximately HKD 113,206,760, which will be used for purchasing equipment and expanding production facilities[64] - The company estimates that approximately RMB 441.3 million will be needed for necessary equipment procurement to expand one of its production facilities[64] - The company anticipates needing approximately RMB 70.9 million, RMB 210.8 million, and RMB 159.6 million for the expansion plan for the years ending December 31, 2024, 2025, and 2026, respectively[64] - The board believes it is essential to implement the expansion plan promptly to avoid losing global market share in the increasingly competitive sterile packaging industry[64] - The company has agreed to a capital commitment of $72 million (approximately HKD 561.60 million) to subscribe for 90% of the Class A partnership interests in the Future Strategy Investment Fund Limited Partnership[66] - Following the restructuring agreement, the company will hold a 49% interest in Greatview Holdings International Limited, down from 100%, with the transaction valued at approximately RMB 389.97 million (approximately HKD 429.18 million)[66] - The net amount payable by the company to the fund after offsetting obligations is RMB 122.48 million (approximately HKD 134.79 million), which has been fully paid as of January 25, 2024[67] - The restructuring is strategically significant for the company, addressing geopolitical tensions and enhancing operational performance through a stronger board and local management team[69]

Financial Performance - Revenue for the six months ended June 30, 2024, decreased by approximately 13.9% to approximately RMB 1,627.3 million[2]. - Net profit after tax for the same period increased by approximately 17.7% to approximately RMB 117.5 million[2]. - Sales revenue from the China business segment declined by approximately 23.0%, attributed to a slowdown in the dairy consumption market and intensified competition[2]. - Sales revenue from the international business segment decreased by approximately 2.9%, primarily due to a reduction in sales volume[2]. - Gross profit for the six months ended June 30, 2024, was RMB 330.1 million, compared to RMB 297.0 million in the same period last year[4]. - Operating profit increased to RMB 145.8 million from RMB 125.3 million year-on-year[4]. - The company reported a total comprehensive income of RMB 99.7 million for the period, down from RMB 138.9 million in the same period last year[4]. - Basic and diluted earnings per share for the period were RMB 0.084, compared to RMB 0.075 in the previous year[4]. - The company reported a net cash flow from operating activities of RMB 108,846 thousand for the six months ended June 30, 2024, compared to a negative cash flow of RMB 3,322 thousand in the same period last year[8]. - The gross profit margin for the company was approximately 20.3% for the first half of 2024, compared to 31.4% in the same period of 2023[16]. - The company incurred a net loss of RMB 2,364 thousand from financial asset impairments during the reporting period, compared to a loss of RMB 1,917 thousand in the previous year[16]. - Revenue from dairy products was RMB 1,220,478 thousand, a decrease of 14.7% from RMB 1,431,962 thousand in the same period of 2023[16]. - Revenue from non-carbonated soft drinks was RMB 392,933 thousand, down from RMB 422,238 thousand in the previous year, representing a decline of 6.9%[16]. - The company’s financing income for the period was RMB 7,183 thousand, compared to RMB 8,334 thousand in the same period last year[16]. - Product sales decreased to RMB 1,627,319 thousand, down 13.9% from RMB 1,889,542 thousand in the previous year[17]. - Total expenses for sales, distribution, and administrative costs decreased to RMB 1,510,199 thousand, down 16.1% from RMB 1,801,143 thousand in the previous year[18]. - Income tax expense increased to RMB 33,212 thousand, compared to RMB 29,810 thousand in the previous year, reflecting a higher effective tax rate[19]. - Interest income increased to RMB 5,457 thousand, up from RMB 4,628 thousand in the previous year[18]. - The company reported a foreign exchange gain of RMB 1,726 thousand, down from RMB 3,706 thousand in the previous year[18]. - Net profit before tax increased to RMB 150,709 thousand, up 16.3% from RMB 129,639 thousand in the previous year[21]. - The company’s total liabilities as of June 30, 2024, were not explicitly stated but can be inferred from the changes in equity and assets[30]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 3,970.6 million, a decrease from RMB 4,028.4 million as of December 31, 2023[6]. - Total equity increased to RMB 3,143.9 million from RMB 2,901.5 million as of December 31, 2023[6]. - The company’s cash and cash equivalents at the end of the period were RMB 780,290 thousand, an increase from RMB 493,069 thousand at the end of June 2023[8]. - The company’s financing activities resulted in a net cash outflow of RMB 6,949 thousand for the six months ended June 30, 2024, compared to an outflow of RMB 106,213 thousand in the same period last year[8]. - As of June 30, 2024, total property, plant, and equipment amounted to RMB 2,762,030,000, reflecting a slight increase from RMB 2,709,925,000 as of December 31, 2023[23]. - The net book value of right-of-use assets as of June 30, 2024, was RMB 59,259,000, down from RMB 65,461,000 as of January 1, 2024[24]. - Inventory as of June 30, 2024, was RMB 771,736,000, a decrease from RMB 859,912,000 as of December 31, 2023, with raw materials decreasing from RMB 678,440,000 to RMB 606,325,000[25]. - Trade receivables net of impairment as of June 30, 2024, were RMB 642,054,000, down from RMB 694,461,000 as of December 31, 2023[26]. - Trade payables decreased to RMB 272,632,000 as of June 30, 2024, down 16.1% from RMB 324,906,000 as of December 31, 2023[36]. - The company’s secured bank borrowings amount to RMB 34,478,000, a decrease of 75.5% from RMB 140,823,000 as of December 31, 2023[34]. Operational Developments - The company plans to continue expanding its market presence and investing in new product development to drive future growth[9]. - The company has invested significantly in data collection and governance to enhance operational efficiency and customer satisfaction[46]. - The new factory in Italy has successfully commenced operations, alleviating production pressure from the German factory and improving customer satisfaction[47]. - The company completed the solar photovoltaic project at its Qingdao factory, expected to generate 2.34 million kWh of electricity in 2024, reducing greenhouse gas emissions by 1,600 tons[48]. - The company continues to focus on digital transformation to optimize resource allocation and improve customer experience[46]. - The company has initiated a recycling program for milk cartons in collaboration with local schools, successfully collecting 4,235.2 kg of cartons[49]. - The company plans to deepen cooperation with existing customers and expand its market share in China through digital transformation and customer base expansion[75]. - The company aims to enhance its international development strategy by strengthening local operations and promoting new product research and development[75]. - The company is focused on increasing the application range of packaging materials and filling equipment products while improving after-sales service[75]. - The company emphasizes sustainable development by continuously improving its capabilities in environmental, social, and economic impacts[75]. Corporate Governance and Shareholder Matters - The company has not purchased, sold, or redeemed any of its listed securities during the six months ended June 30, 2024[76]. - The company has appointed independent financial advisors to provide opinions on the fairness and reasonableness of the offer terms to independent shareholders[72]. - The company is considering a possible voluntary conditional offer in response to an unsolicited and highly conditional offer[72]. - The company has established an independent board committee to provide recommendations to shareholders regarding the offer[72]. - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the standards set forth in the Listing Rules Appendix C3[82]. - The total number of independent non-executive directors fell below the required three after the resignation of Mr. Behrens, but compliance was restored with the appointment of Mr. Tangen as an independent non-executive director effective August 30, 2024[83]. - The company has maintained high standards of corporate governance, confirming adherence to the Corporate Governance Code as of June 30, 2024, despite a deviation regarding the separation of the roles of Chairman and CEO[84]. - The Audit Committee, consisting of two independent non-executive directors and one non-executive director, has reviewed the interim report and unaudited consolidated financial statements for the six months ending June 30, 2024[86]. - Changes in the board include the resignation of Mr. Lueth as CEO and the appointment of Ms. Wei as a non-executive director effective June 13, 2024[87]. - Mr. Behrens has resigned from various committees effective June 28, 2024, and Ms. Qi has been appointed as an executive director[88]. - The company has appointed Mr. Tangen as an independent non-executive director and member of various committees effective August 30, 2024[88]. - The company received a written request from a shareholder on August 20, 2024, to convene a special general meeting to consider appointing proposed candidates as non-executive and independent non-executive directors[89]. - The board is seeking advice on appropriate actions regarding the second shareholder request[89]. - The company will publish its interim report on the Hong Kong Stock Exchange website and its own website in due course[91].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 3,816.7 million, a decrease of 3.1% from RMB 3,937.0 million in 2022[13] - Gross profit increased to RMB 681.1 million, representing a 15.8% increase compared to the previous year[13] - Net profit rose to RMB 244.2 million, marking a significant increase of 33.9% from RMB 182.4 million in 2022[13] - Basic and diluted earnings per share increased to RMB 0.18, up 28.6% from RMB 0.14 in the prior year[13] - Revenue decreased by approximately 3.1% from about RMB 3,937.0 million in the year ended December 31, 2022, to about RMB 3,816.7 million in the year ended December 31, 2023, primarily due to a decline in sales volume[49] - Revenue from the China segment decreased by approximately RMB 353.0 million or 14.0% to about RMB 2,167.0 million, attributed to intensified competition from local rivals[49] - Revenue from the international segment increased by approximately RMB 232.7 million or 16.4% to about RMB 1,649.7 million, driven by customer optimization and exchange rate fluctuations[49] - Gross profit increased by approximately RMB 93.1 million or 15.8% to about RMB 681.1 million, with the gross margin rising from approximately 14.9% to about 17.8%[51] - Net profit increased by approximately RMB 61.8 million or 33.9% to about RMB 244.2 million, with the net profit margin rising from approximately 4.6% to about 6.4%[58] Assets and Liabilities - Total assets as of December 31, 2023, were RMB 4,028.4 million, a decrease from RMB 4,279.7 million in 2022[23] - Total liabilities decreased to RMB 1,126.9 million from RMB 1,659.7 million in 2022[23] - Total equity increased to RMB 2,901.5 million, up from RMB 2,619.9 million in the previous year[23] - Cash and cash equivalents held as of December 31, 2023, were approximately RMB 866.7 million, up from RMB 607.4 million in the previous year[60] - As of December 31, 2023, the group's borrowings amounted to approximately RMB 140.8 million, a decrease from RMB 223.6 million in 2022[62] - The group's debt-to-equity ratio as of December 31, 2023, was approximately 0.05, down from 0.09 in 2022, reflecting a reduction in outstanding loans[63] - Operating capital as of December 31, 2023, was approximately RMB 1,590.7 million, an increase from RMB 1,299.8 million in 2022[64] Dividends and Shareholder Returns - Proposed final dividend per share is HKD 0.06, with a special dividend of HKD 0.04[13] - The board proposed a final dividend of approximately HKD 84.4 million (RMB 76.5 million), equating to HKD 0.06 per share, for the year ended December 31, 2023[128] - A special dividend of approximately HKD 56.3 million (RMB 51.0 million), equating to HKD 0.04 per share, is also proposed for the same period, to be paid from the share premium account[129] - Shareholder returns are expected to increase, with a proposed dividend of $0.50 per share for the upcoming quarter[77] Market and Growth Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[13] - Management remains optimistic about future performance despite the slight decline in revenue[13] - The company aims to achieve carbon neutrality by 2050 and has been recognized as a 5A-level enterprise by the China Quality Certification Center (CQC) for its environmental and social governance practices[26] - The company is committed to digital innovation and has developed customized packaging solutions, such as the "180ml ultra-fine strip package," to meet international customer needs[26] - The company is focusing on developing environmentally friendly products and diversifying its packaging product range to expand its customer base[31] - The company plans to deepen cooperation with existing customers and expand its customer base to increase market share in China[71] - The company aims to enhance technological innovation and application innovation, expanding the application range of packaging materials and filling equipment[71] - Market expansion plans include entering two new international markets by the end of the next fiscal year[77] Sustainability Initiatives - The company is committed to achieving net-zero carbon emissions by 2025 and has implemented various sustainability initiatives, including recycling programs and educational activities in schools[41] - The company emphasizes sustainable development and the impact on the environment, society, and economy[71] - The company has committed to enhancing environmental protection and minimizing operational impacts, focusing on clean production and resource efficiency[87] - The management emphasized the importance of sustainability initiatives, aiming for a 25% reduction in carbon footprint by 2025[77] Operational Efficiency - The company has invested significantly in digital operations, enhancing data collection and governance to improve operational efficiency and collaboration with customers and suppliers[37] - The company reported a gross margin of 35%, reflecting improved operational efficiency[76] - The company will continue to focus on strict quality and cost control to promote operational excellence[71] Challenges and Risks - The company is facing unique challenges in sustainable packaging, needing to balance quality and safety with resource conservation and environmental impact reduction[32] - The company’s financial condition and operational performance may be affected by various risks and uncertainties identified in the corporate governance report[86] - The international business is facing increased risks due to geopolitical tensions, particularly concerns from clients about trade cooperation following a major shareholder change[199] - The company has decided to restructure its international business to establish a new business framework and a stronger management team to address the challenging geopolitical environment[199] Corporate Governance - The board consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[144] - The company has adopted a board diversity policy, considering factors such as gender, age, cultural background, and professional experience[147] - All directors have confirmed compliance with the corporate governance code for the fiscal year ending December 31, 2023[141] - The company has established clear procedures for the appointment and re-election of directors, ensuring compliance with governance standards[154] - The company has established a comprehensive risk management and internal control system, which has been reviewed and deemed effective and adequate by the board of directors for the year 2023[187] Employee and Management - The group employed approximately 1,791 employees as of December 31, 2023, compared to 1,780 employees in 2022, with total employee benefit expenses amounting to approximately RMB 379.5 million, up from RMB 341.5 million in 2022[69] - Approximately 25.8% of the total workforce, including senior management, are women as of the report date[149] - The company aims to appoint at least one female director to the board by December 31, 2024, to enhance gender diversity[149] Research and Development - The company is investing in new technology development, allocating $10 million for R&D in the upcoming fiscal year[76] - The company plans to continue investing in innovation and R&D to improve product and service quality, ensuring long-term and stable development[85]

Financial Performance - Revenue for the year ended December 31, 2023, decreased by approximately 3.1% to about RMB 3,816.7 million[3] - Net profit after tax increased by approximately 33.9% to about RMB 244.2 million for the same period[3] - Sales revenue from the China business segment decreased by approximately 14.0% due to intensified competition from local competitors[3] - International business sales segment revenue grew by approximately 16.4%, primarily due to customer base optimization and exchange rate fluctuations[3] - Total comprehensive income for the year amounted to RMB 281.6 million, compared to RMB 199.9 million in the previous year[8] - Basic and diluted earnings per share for the year were RMB 0.18, up from RMB 0.14 in the previous year[9] - The company reported a net profit of RMB 244,214,000 for the year ended December 31, 2023, compared to RMB 182,397,000 for the previous year, representing a year-over-year increase of approximately 34%[12] - Operating profit for 2023 was RMB 319,641, an increase of 40.5% compared to RMB 227,483 in 2022[23] - The company's gross profit increased by approximately RMB 93.1 million or 15.8% to about RMB 681.1 million, with the gross margin rising by approximately 2.9 percentage points to about 17.8%[66] - Net profit increased by approximately RMB 61.8 million or 33.9% to about RMB 244.2 million for the year ended December 31, 2023, with a net profit margin rising by about 1.8 percentage points to approximately 6.4%[72] Assets and Liabilities - Total assets as of December 31, 2023, were RMB 4,028.4 million, a decrease from RMB 4,279.7 million in the previous year[10] - Total equity increased to RMB 2,901.5 million from RMB 2,619.9 million in the previous year[10] - Total liabilities decreased to RMB 1,126.9 million from RMB 1,659.7 million in the previous year[11] - The company’s total equity increased to RMB 2,901,495,000 as of December 31, 2023, up from RMB 2,420,034,000 at the beginning of the year, reflecting a growth of approximately 20%[12] - The total value of property, plant, and equipment as of December 31, 2023, was RMB 2,709,925 million, compared to RMB 2,576,141 million in 2022, marking an increase of about 5.2%[33] - The total inventory as of December 31, 2023, was RMB 859,912 million, down from RMB 1,181,862 million in 2022, indicating a decrease of about 27.2%[39] - The total lease liabilities as of December 31, 2023, were RMB 26,879 million, compared to RMB 16,983 million in 2022, indicating an increase of approximately 58.5%[35] Cash Flow and Investments - Cash flow from operating activities for the year was RMB 511,801,000, with a net cash inflow of RMB 442,247,000 after interest and tax payments, compared to RMB 345,186,000 in the previous year[13] - The company’s cash and cash equivalents at year-end were RMB 866,658,000, up from RMB 607,439,000 at the beginning of the year, marking an increase of approximately 43%[13] - The company invested RMB 895,300,000 in financial assets at fair value through profit or loss during the year, compared to RMB 448,300,000 in the previous year, indicating a significant increase in investment activity[13] - The company’s financing activities resulted in a net cash outflow of RMB 95,066,000, reflecting a decrease in borrowing compared to the previous year[13] Revenue Breakdown - Revenue from packaging materials for dairy products was RMB 2,953,697, down 5.2% from RMB 3,115,165 in 2022[24] - Revenue from digital services increased to RMB 5,350, up 23.6% from RMB 4,328 in 2022[24] - Revenue from the China segment decreased by approximately RMB 353.0 million or 14.0% to about RMB 2,167.0 million, attributed to intensified competition from local rivals[64] - Revenue from the international segment increased by approximately RMB 232.7 million or 16.4% to about RMB 1,649.7 million, driven by customer optimization and currency fluctuations[64] Operational Developments - The Italian factory successfully commenced production in 2023, alleviating production pressure from the German factory and significantly improving customer satisfaction[58] - The company expanded solar power generation at its German factory to 4.5 GWh, saving over 20% on purchased electricity and reducing carbon emissions by approximately 2,000 tons annually[60] - The company launched new products, including the "Fengmei Brick 180ml Ultra Slim Package," which received international customer recognition and was quickly introduced to the Thai market[57] - The company aims to expand its customer base and enhance brand image through diversified packaging products and digital solutions[55] Dividends and Shareholder Matters - The company has resumed its dividend policy, proposing a final dividend of HKD 0.06 per share and a special dividend of HKD 0.04 per share[3] - The board proposed a final dividend of approximately HKD 84.4 million (RMB 76.5 million), to be paid from the company's distributable profits, compared to no dividend in 2022[83] - The board proposed a special dividend of approximately HKD 56.3 million (HKD 0.04 per share, equivalent to approximately RMB 51.0 million) for the year ending December 31, 2023, to be paid from the company's share premium account[84] - The company believes that the special dividend is a suitable move to thank shareholders for their support[84] Strategic Plans and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[12] - The company plans to enhance cooperation with existing customers and expand its market share in China through digitalization and innovation strategies[82] - The company aims to achieve net zero carbon emissions by 2025 as part of its sustainability goals[60] - The company is committed to developing environmentally friendly products and has achieved certification for all factories through the Chain of Custody (CoC) system[56] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and confirmed compliance by all directors for the year ending December 31, 2023[92] - The audit committee has reviewed the accounting standards and practices adopted by the company for the year ending December 31, 2023[96]