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，概不對因本公告全部或任何部份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。 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 盈利警告 行政總裁兼執行董事 本公告乃由興業合金材料集團有限公司（「本公司」與其附屬公司統稱「本集團」）根據 香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條以及香港法例第571 章證券及期貨條例第XIVA部項下內幕消息條文（定義見上市規則）作出。 胡明烈 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，基於董事會 對本集團未經審核綜合管理賬目的初步審閱，截至二零二五年六月三十日止六個月 （「本期間」）本集團權益股東應佔溢利較截至二零二四年六月三十日止六個月（「上期 間」）的人民幣141.1百萬元預期將減少約25%。本期間本集團權益股東應佔溢利的 預期減少主要歸因於：(1)新增僱員及調薪導致人工成本增加；(2)購置新設備及其 他基礎設施使得折舊成本增加；及(3)由於中 ...

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 | 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) | 00505 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 第 1 頁 共 10 頁 v 1.1.1 公司名稱: 興業合金材料集團有限公司(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/ ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 8,053.4 million, a 27.4% increase from RMB 6,323.2 million in the previous year[10]. - The profit attributable to shareholders rose to RMB 241.2 million, reflecting a 28.7% increase from RMB 187.4 million in 2023, primarily due to rising copper prices and increased sales volume[10]. - In 2024, the group's copper processing business achieved revenue of RMB 8,049 million, a 27.5% increase from 2023, with sales volume reaching 166,401 tons, up 19.5%[16]. - The total sales volume for the copper business reached 166,401 tons, a 19.5% increase from 139,259 tons in 2023, contributing to a gross profit of RMB 761.6 million, up 24.8% from the previous year[23]. - Other income amounted to RMB 35.4 million, an increase of RMB 8.7 million from 2023, primarily due to increased government subsidies[24]. Market Conditions - In 2024, copper prices experienced significant volatility, reaching a historical high of USD 11,104.5 per ton before closing the year at USD 8,781.5 per ton, a 2.6% annual increase[11]. - The copper processing industry faces challenges from increased trade barriers and geopolitical tensions, which may lead to price uncertainties[12]. - The group anticipates a decline of over 10% in copper strip exports by 2025 due to domestic export tax rebate policies and U.S. tariff policies[15]. Strategic Initiatives - The company plans to implement a pragmatic and stable annual operational strategy for 2025, focusing on resource optimization and enhancing shareholder value[7]. - The company aims to respond to internal and external pressures while striving to achieve its goal of becoming a world-class copper processing enterprise[7]. - The group plans to enhance R&D investment and focus on high value-added products to improve competitiveness in response to market challenges[15]. - The company has adopted flexible pricing strategies and effective cost-cutting measures to navigate competitive pressures and maintain profitability[6]. Corporate Governance - The company has adopted the Corporate Governance Code and confirmed compliance with the standards set forth in the listing rules[50]. - The board consists of three executive directors and three independent non-executive directors, ensuring compliance with the minimum requirements of the listing rules[52]. - The board is committed to high levels of corporate governance, which is considered key to the company's success[48]. - The company has established a nomination policy to identify and nominate suitable candidates for the board[64]. Environmental and Sustainability Efforts - The company emphasizes environmental protection and resource recycling as fundamental operational principles, aiming to reduce environmental impact[45]. - The company aims to reduce unit water consumption by 40% by 2025 compared to 2018 levels[130]. - The company plans to cut greenhouse gas emissions per unit product by 50% by 2025 compared to 2018 levels[130]. - The company has established a climate change and sustainability task force in 2024 to enhance governance on climate-related issues[132]. Employee Engagement and Development - The company established "Xingye Happy Home" in 2015 to enhance employee cohesion and sense of belonging, contributing to stable and sustainable development[51]. - Starting from October 2024, the company will launch skill competitions across various departments to enhance employee operational skills[200]. - Over 150 employees will participate in the competitions to showcase their skills[200]. Risk Management - The board is responsible for maintaining a robust risk management and internal control system, which is reviewed for effectiveness annually[85]. - The company has established a department for risk monitoring and internal audit, conducting quarterly audits of the risk management and internal control systems[86]. - The company has adopted a whistleblowing policy since March 29, 2012, to ensure transparency and accountability regarding suspected misconduct[90]. Financial Management - The net financial cost for the group was RMB 16.6 million, a shift from a net financial income of RMB 3.8 million in 2023, primarily due to increased foreign exchange losses and interest expenses on borrowings[28]. - The income tax expense rose to RMB 76.6 million from RMB 35.9 million in 2023, with the effective tax rate increasing to 24.1% from 16.1% due to reduced deductions for qualified R&D expenses[29]. - As of December 31, 2024, the group had net current assets of RMB 1,195.4 million, up from RMB 860.2 million in 2023, and maintained a debt-to-capital ratio of 34.8%[31][32].

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue reached RMB 8,053,401 thousand, representing a 27.4% increase from RMB 6,323,174 thousand in 2023[3] - Gross profit for the same period was RMB 761,552 thousand, up 24.8% from RMB 610,334 thousand in the previous year[3] - Operating profit increased to RMB 334,800 thousand, a 52.2% rise compared to RMB 219,748 thousand in 2023[4] - Net profit attributable to equity shareholders was RMB 241,217 thousand, reflecting a 28.7% increase from RMB 187,447 thousand in the prior year[4] - Basic and diluted earnings per share for 2024 were both RMB 0.27, compared to RMB 0.21 in 2023, marking a 28.6% increase[4] - The company reported a total comprehensive income of RMB 242,299 thousand for 2024, compared to RMB 188,344 thousand in 2023, indicating a growth of 28.7%[5] - Shareholders' profit increased from RMB 187.4 million in 2023 to RMB 241.2 million in 2024, reflecting a growth of 28.7% primarily due to rising copper prices and increased sales volume of copper products[51] Revenue Breakdown - Revenue from copper-related products increased to RMB 7,699,973,000 in 2024 from RMB 6,023,716,000 in 2023, representing a growth of 28%[13] - Revenue from mainland China rose to RMB 7,197,971,000 in 2024, compared to RMB 5,694,305,000 in 2023, reflecting a growth of 26.4%[18] - The copper processing business achieved revenue of RMB 8,049.0 million in 2024, with sales volume reaching 166,401 tons, marking increases of 27.5% and 19.5% respectively compared to 2023[56] - The production and sales of high-precision copper strips generated revenue of RMB 7,700.0 million, up 27.8% from RMB 6,023.7 million in 2023, with sales volume increasing by 18.1% to 111,169 tons[56] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 4,202,613 thousand, an increase from RMB 3,341,358 thousand in 2023[6] - Current assets increased to RMB 4,202,613 thousand, while current liabilities rose to RMB 3,007,210 thousand, resulting in a net current asset value of RMB 1,195,403 thousand[6] - Non-current assets totaled RMB 1,471,454 thousand, up from RMB 1,298,209 thousand in the previous year[6] - The company had a net current asset value of RMB 1,195.4 million as of December 31, 2024, compared to RMB 860.2 million in the previous year[69] Costs and Expenses - The cost of inventory increased to RMB 7,287,173,000 in 2024 from RMB 5,646,782,000 in 2023, representing a rise of 29%[24] - Employee costs rose to RMB 256,254,000 in 2024 from RMB 230,257,000 in 2023, reflecting an increase of 11.3%[22] - Distribution expenses rose to RMB 67.9 million, an increase of RMB 10.8 million from RMB 57.1 million in 2023, attributed to higher distribution service fees and freight costs[64] - Administrative expenses increased to RMB 366.9 million, up RMB 27.2 million from RMB 339.7 million in 2023, mainly due to higher consulting service fees and labor costs[65] Credit and Provisions - The company incurred a credit loss provision of RMB 10,425,000 in 2024, compared to RMB 658,000 in 2023, showing a significant increase in credit risk[20] - The company reported a net loss of RMB 27.3 million from other losses, an increase of RMB 6.8 million compared to the previous year, mainly due to increased credit loss provisions[63] Research and Development - Research and development expenses amounted to RMB 186,410,000 in 2024, slightly up from RMB 185,121,000 in 2023, indicating continued investment in innovation[24] - The company plans to increase R&D investment to focus on high value-added products and expand overseas production bases to mitigate tariff barriers[55] Market Outlook - The company anticipates a 10% decline in copper strip exports in 2025 due to changes in domestic export tax rebate policies and U.S. government tariff policies[55] - The copper market in 2025 is expected to face uncertainties due to global economic divergence and geopolitical tensions, while demand from the renewable energy sector is projected to support copper consumption growth[53] Employee and Corporate Governance - The company has 1,757 employees as of December 31, 2024, and regularly reviews its compensation policy to ensure competitive employment terms[78] - The audit committee, composed of three independent non-executive directors, reviewed the audited financial statements for the year ending December 31, 2024[85] - The company emphasizes environmental protection and energy conservation as fundamental principles in its operations, including resource recycling initiatives[79] Shareholder Information - The company did not have any single customer contributing more than 10% of total revenue for both 2024 and 2023, indicating a diversified customer base[14] - The company had no dividends declared for the year ended December 31, 2024, consistent with 2023[44] - The company did not recommend a final dividend for the year ending December 31, 2024, consistent with the previous year[87]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 3,593,506 thousand, an increase of 28.0% compared to RMB 2,809,295 thousand for the same period in 2023[4] - Gross profit for the same period was RMB 430,096 thousand, representing a gross margin of approximately 11.97%, up from RMB 285,841 thousand in 2023[4] - Operating profit increased to RMB 195,912 thousand, a 62.0% rise from RMB 120,950 thousand in the previous year[4] - Net profit attributable to equity shareholders was RMB 140,937 thousand, up 30.8% from RMB 107,726 thousand in 2023[4] - Basic and diluted earnings per share for the period were RMB 15.97, compared to RMB 12.13 in the same period last year, reflecting a growth of 31.4%[4] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 4,111,015 thousand, an increase of 23.0% from RMB 3,341,358 thousand at the end of 2023[6] - Current assets increased to RMB 1,215,439 thousand, up 41.3% from RMB 860,205 thousand at the end of 2023[6] - The company’s cash and cash equivalents rose to RMB 700,931 thousand, compared to RMB 418,750 thousand at the end of 2023, marking a 67.2% increase[6] - Non-current liabilities increased to RMB 496,447 thousand, up from RMB 193,763 thousand at the end of 2023, indicating a significant rise in financial obligations[7] - The company’s total equity attributable to equity shareholders was RMB 2,085,672 thousand, an increase from RMB 1,961,661 thousand at the end of 2023, reflecting a growth of 6.3%[7] Cash Flow - For the six months ended June 30, 2024, the company reported a net cash outflow from operating activities of RMB 302,843,000, compared to RMB 184,668,000 for the same period in 2023[10] - The company incurred a net cash outflow from investing activities of RMB 77,202,000 for the six months ended June 30, 2024, compared to a net cash inflow of RMB 3,809,000 in the previous year[11] - Financing activities generated a net cash inflow of RMB 662,247,000 for the six months ended June 30, 2024, compared to RMB 343,935,000 in the same period of 2023[11] Revenue Sources - Revenue from high-precision copper strips amounted to RMB 3,435,293,000, up 28.7% from RMB 2,670,276,000 in the previous year[16] - The company reported a total comprehensive income of RMB 141,145,000 for the six months ended June 30, 2024, compared to RMB 140,937,000 for the same period in 2023[9] - The company reported no single customer contributing more than 10% of total revenue during the six months ended June 30, 2024[19] Costs and Expenses - The cost of inventory for the six months ended June 30, 2024, was RMB 3,161,144,000, compared to RMB 2,520,220,000 in the same period of 2023[23] - The company incurred a financial cost of RMB 27,740,000 for the six months ended June 30, 2024, compared to RMB 18,979,000 in the previous year[22] - Administrative expenses rose by 10.5% to RMB 167.4 million, attributed to increased labor costs and consulting fees[68] Market Conditions - The average price of copper on the London Metal Exchange (LME) reached a historical high of USD 11,104 per ton in May 2024, with a year-on-year increase of 15.8%[55] - The average price of copper on the Shanghai Futures Exchange (SHFE) was RMB 79,025 per ton as of June 30, 2024, reflecting a year-on-year increase of 16.9%[55] - The demand for conventional copper strips has slightly decreased, while high-precision copper strips are driven by the growth in the new energy industry[56] Production and Sales - In the first half of 2024, the group's copper strip business achieved a total production of 76,758 tons and total sales of 74,122 tons, representing increases of 22.1% and 21.0% respectively compared to the same period in 2023[58] - The sales revenue for the copper strip business reached RMB 3,590.7 million, a 28.2% increase from RMB 2,801.7 million in the same period of 2023[63] - The net profit for the copper business was RMB 143.4 million, up 32.0% from RMB 108.6 million in the same period of 2023, primarily due to increased sales volume and copper prices[58] Shareholder Information - As of June 30, 2024, the total number of issued shares is 899,558,173[91] - Director Hu Changyuan holds 274,200,000 shares, representing approximately 30.48% of the total shares[90] - The company has a total of 81,111,595 stock options available under the 2016 Stock Option Plan as of June 30, 2024[94] - The company did not declare an interim dividend for the six months ending June 30, 2024, consistent with the previous period[108] Governance and Compliance - The company has complied with the corporate governance code as per the listing rules during the reporting period[105] - The company’s board has confirmed compliance with the standard code of conduct throughout the reporting period[106] - There were no changes in director information that required disclosure under the listing rules from the last annual report to the date of this interim report[110]

Financial Performance - The company reported revenue of RMB 3,593,506 thousand for the six months ended June 30, 2024, representing a 13.5% increase from RMB 3,163,410 thousand in the same period of 2023[1] - Gross profit for the period was RMB 430,096 thousand, up from RMB 285,841 thousand, indicating a significant increase in profitability[1] - Operating profit rose to RMB 195,912 thousand, compared to RMB 120,950 thousand in the previous year, reflecting a growth of 62%[1] - Net profit for the period was RMB 141,135 thousand, an increase of 30.5% from RMB 107,886 thousand in the prior year[2] - Basic and diluted earnings per share increased to RMB 15.97, up from RMB 12.13, marking a 31.5% rise[2] - Total revenue for the six months ended June 30, 2024, was RMB 3,593,506,000, up 28% from RMB 2,809,295,000 in the previous year[10] - Revenue from high-precision copper strip sales reached RMB 3,435,293,000, an increase of 28.6% compared to RMB 2,670,276,000 in the same period last year[10] - The net profit for the copper business in the first half of 2024 was RMB 143.4 million, up from RMB 108.6 million in the same period of 2023[39] - Other income increased to RMB 26.8 million, up from RMB 14.0 million year-on-year, primarily due to increased government subsidies[45] - The company's net profit attributable to shareholders was RMB 140.9 million, an increase of RMB 33.2 million from RMB 107.7 million in the previous year[51] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 4,111,015 thousand, compared to RMB 3,341,358 thousand at the end of 2023, showing a growth of 23%[4] - Current assets increased to RMB 4,111,015 thousand, with inventory rising to RMB 1,532,074 thousand from RMB 1,319,351 thousand, indicating a 16.1% increase[4] - The company's non-current assets were valued at RMB 1,370,368 thousand, up from RMB 1,298,209 thousand, reflecting a growth of 5.5%[4] - The company’s total equity increased to RMB 2,089,360 thousand from RMB 1,964,651 thousand, representing a growth of 6.4%[5] - Total interest-bearing borrowings as of June 30, 2024, were RMB 1,960,669,000, a significant increase of 63.3% from RMB 1,200,679,000 as of December 31, 2023[28] - The company reported a decrease in trade payables to RMB 1,168,844,000, down 3.7% from RMB 1,213,057,000 as of December 31, 2023[31] - The total value of mortgaged assets is RMB 626.8 million, an increase from RMB 485.8 million as of December 31, 2023[56] - The debt-to-equity ratio is 41.0%, up from 32.1% as of December 31, 2023[55] Inventory and Receivables - As of June 30, 2024, total inventory amounted to RMB 1,532,074,000, an increase of 16.1% from RMB 1,319,351,000 as of December 31, 2023[20] - Trade and other receivables, net of credit loss provisions, reached RMB 895,856,000, up 26.6% from RMB 707,226,000 as of December 31, 2023[22] - The aging analysis of trade receivables shows that amounts within three months increased to RMB 669,021,000 from RMB 527,251,000, reflecting a growth of 26.9%[24] - The provision for inventory write-downs was RMB 17,929,000 as of June 30, 2024, slightly down from RMB 18,185,000 as of December 31, 2023[20] Operational Highlights - For the first half of 2024, the company's copper strip business achieved a total production of 76,758 tons and total sales of 74,122 tons, representing increases of 22.1% and 21.0% respectively compared to the same period in 2023[39] - The sales revenue for the copper strip business reached RMB 3,590.7 million, an increase of 28.2% year-on-year, with copper product sales contributing RMB 3,435.3 million, processing income of RMB 129.5 million, and copper trading income of RMB 25.9 million, reflecting increases of 28.6%, 18.6%, and 16.7% respectively[39] - The overall gross margin for the copper business improved from 10.0% in the previous year to 12.0% in the current period[44] Research and Development - Research and development expenses amounted to RMB 80,252,000, slightly down from RMB 84,870,000 in the previous year[15] Shareholder Information - The company has decided not to declare or distribute dividends for the six-month period ending June 30, 2024, consistent with the previous year[36] - The board of directors did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous period[70] Employee and Corporate Governance - The company employed a total of 1,706 employees as of June 30, 2024, an increase from 1,578 employees as of December 31, 2023[64] - The company has no significant contingent liabilities as of June 30, 2024[59] - The company has a good credit standing and maintains strong relationships with major lending banks, ensuring sufficient financial resources for operational needs[1] Market and Economic Conditions - The average price of copper on the LME for the first half of 2024 was USD 9,641 per ton, a year-on-year increase of 15.8%[38] - The average price of copper on the SHFE for the first half of 2024 was RMB 79,025 per ton, a year-on-year increase of 16.9%[38] Other Financial Information - The company recorded a net loss of RMB 60.5 million from metal futures contracts for the six months ended June 30, 2024, compared to a loss of RMB 3.1 million for the same period in 2023[61] - The company recorded a net foreign exchange loss of RMB 5.4 million during the reporting period, compared to a net gain of RMB 5.0 million for the same period in 2023[63] - The company has not entered into any interest rate swaps to hedge against interest rate risk[62] - The company has not applied any new accounting standards or interpretations that have not yet come into effect during the reporting period[3] - There were no significant post-reporting period events up to the date of this announcement[71]

Financial Performance - For the fiscal year ending December 31, 2023, the total revenue recorded by Xingye Alloy Materials Group Limited was RMB 6,323.2 million, representing a 1.4% increase compared to RMB 6,238.5 million in 2022[16]. - The profit attributable to shareholders decreased from RMB 216.6 million in 2022 to RMB 187.4 million in 2023, a decline of 13.5%[16]. - The group sold a total of 139,259 tons of products in 2023, maintaining sales volume compared to the previous year[12]. - The group recorded a net loss of RMB 16.8 million from metal futures contracts in 2023, compared to a net gain of RMB 12.7 million in 2022[16]. - The group achieved a gross profit of RMB 610.3 million, up 3.8% from RMB 587.0 million in 2022, primarily due to reduced processing costs and lower inventory impairment provisions[32]. - Other income decreased to RMB 26.7 million, down RMB 1.4 million from the previous year, mainly due to a lack of material insurance compensation recorded in 2022[34]. - The group recorded other losses of RMB 20.5 million, a significant change from other income of RMB 11.4 million in 2022, primarily due to losses from metal futures contracts[35]. - Distribution expenses decreased to RMB 57.1 million from RMB 61.1 million in 2022, attributed to reduced distribution service fees[36]. - Administrative expenses increased to RMB 339.7 million from RMB 334.1 million in 2022, mainly due to higher travel costs[37]. - Financial income netted RMB 3.8 million, a decrease from RMB 17.1 million in 2022, primarily due to reduced foreign exchange gains[39]. - The effective tax rate increased to 16.1% from 13.1% in 2022, due to increased taxable profits from a subsidiary[40]. - The game business generated revenue of RMB 10.8 million in 2023, down from RMB 13.6 million in 2022, with a net loss of RMB 4.9 million compared to a loss of RMB 0.2 million in the previous year[30]. Market Outlook - For 2024, the expected core price fluctuation range for copper is projected to be USD 7,500 to USD 9,000 per ton, with domestic copper prices expected to range from RMB 62,000 to RMB 72,000 per ton[18]. - The anticipated macroeconomic recovery in 2024 is expected to be supported by interest rate cuts in major economies and continued domestic consumption stimulus policies[13]. - The copper processing industry is expected to face intensified competition due to a mismatch between new capacity release and overall demand growth[29]. Business Strategy - The company plans to enhance its organizational optimization and management efficiency to strengthen its core competitiveness and industry position in 2024[13]. - The group aims to expand its overseas market orders and maintain high-value product market share amidst increasing competition in the domestic copper processing industry[12]. - The group plans to enhance its product structure by increasing the proportion of high-end products to meet the growing demand in sectors such as new energy vehicles and electronics[21]. - The group is focusing on digital transformation by implementing various information technology projects to support the transition to a digital factory[28]. - The group is actively optimizing its management and organizational structure to improve efficiency and adapt to changing market demands[24]. Employee and Corporate Governance - As of December 31, 2023, the group had 1,578 employees, with a focus on competitive compensation and annual training programs for skill enhancement[56]. - The company emphasizes environmental protection and resource recycling in its operations, adhering strictly to environmental regulations[57]. - The board is committed to high levels of corporate governance, ensuring accountability and transparency to meet stakeholder expectations[60]. - The company has adopted the Corporate Governance Code and confirmed compliance with the standards set forth in the listing rules[61][62]. - The company has established a culture focused on employee well-being, customer satisfaction, and shareholder value since 2015[67]. - The company has a clear written authority framework for management to report to the board on daily operations[71]. - The company is dedicated to innovation and integrity in providing quality products to its customers[63]. - The company has not reported any confirmed violations of labor regulations or incidents of child or forced labor in 2023[94]. Community Engagement and Social Responsibility - The company actively engages in social performance initiatives, including community support and employee development programs[134]. - The company donated over 4,000 yuan worth of books to Dongyi Primary School and provided 10 printers valued at 10,000 yuan to Bailu Group as part of its community investment initiatives[134]. - Total charitable contributions rose to 578,900 CNY in 2023, significantly higher than 120,000 CNY in 2022[125]. - Employee participation in volunteer activities decreased to 280 individuals in 2023 from 550 in 2022[125]. Innovation and Development - In 2023, the company launched over 50 technical transformation projects to enhance competitiveness and support the development of high value-added products[25]. - The number of patents granted increased to 12 in 2023, up from 8 in 2022[124]. - The company conducted a freedom-to-operate (FTO) analysis for copper alloy patents C70250, C64750, C19900, and C18140, identifying no potential patent infringement risks[80]. Shareholder and Financial Management - The company reported a distributable reserve of RMB 787,604,000 as of December 31, 2023[162]. - The top five customers accounted for approximately 15.3% of total sales revenue, while the largest customer contributed about 5.7%[179]. - The top five suppliers represented around 54.3% of total procurement, with the largest supplier accounting for approximately 29.2%[179]. - The company has established several contractual agreements to ensure operational control and financial performance flow into Hefei Yueyou[194]. - The company has complied with all disclosure requirements under the Listing Rules regarding related party transactions[159].

Financial Performance - For the year ended December 31, 2023, the total revenue was RMB 6,323,174 thousand, an increase from RMB 6,238,504 thousand in 2022, representing a growth of approximately 1.36%[2] - The gross profit for the year was RMB 610,334 thousand, compared to RMB 587,947 thousand in the previous year, indicating a growth of about 3.93%[2] - The net profit attributable to equity shareholders for the year was RMB 187,447 thousand, down from RMB 216,607 thousand in 2022, reflecting a decrease of approximately 13.48%[5] - The basic and diluted earnings per share for the year were both RMB 0.21, compared to RMB 0.24 in the previous year, showing a decline of 12.5%[3] - The total comprehensive income for the year was RMB 188,344 thousand, down from RMB 221,671 thousand in 2022, representing a decrease of about 15.06%[6] - The company reported a decrease in other income to RMB 26,688 thousand from RMB 28,114 thousand in 2022, a decline of about 5.06%[2] - The group reported a net financial income of RMB 3,833,000 in 2023, down from RMB 17,115,000 in 2022, showing a decrease of about 77.6%[46] - The company confirmed a deferred tax liability of RMB 6,000,000 related to the distribution of retained earnings from its Chinese subsidiaries[54] - The income tax expense increased by RMB 3.3 million to RMB 35.9 million for the year ended December 31, 2023, with an effective tax rate rising to 16.1% from 13.1% in 2022[110] Assets and Liabilities - The total assets as of December 31, 2023, were RMB 4,779,563 thousand, compared to RMB 4,071,352 thousand in 2022, indicating an increase of approximately 17.3%[20] - The total liabilities as of December 31, 2023, were RMB 2,814,912 thousand, up from RMB 2,569,822 thousand in 2022, reflecting an increase of about 9.53%[20] - The net asset value attributable to equity shareholders was RMB 1,961,661 thousand, compared to RMB 1,782,785 thousand in the previous year, showing an increase of approximately 10.03%[20] - As of December 31, 2023, the company's trade payables and notes payable amounted to RMB 1,213,057,000, a decrease from RMB 1,279,053,000 in 2022[59] - The total contract liabilities recognized as of December 31, 2023, were RMB 29,999,000, included in the beginning balance of contract liabilities[60] - The group's net current assets as of December 31, 2023, were RMB 860.2 million, down from RMB 903.4 million as of December 31, 2022[111] - The total amount of trade and other payables rose from RMB 407,977,000 in 2022 to RMB 572,107,000 in 2023, an increase of about 40.3%[157] Revenue Breakdown - The group's revenue from copper-related products reached RMB 6,312,421,000 in 2023, compared to RMB 6,224,911,000 in 2022, reflecting an increase of approximately 1.4%[32] - Revenue from online games was RMB 10,753,000 in 2023, a decrease from RMB 13,593,000 in 2022, indicating a decline of about 20.7%[32] - The group's copper processing business achieved revenue of RMB 6,312.4 million, with sales volume of 139,259 tons, representing a slight increase of 1.4% in revenue and a slight decrease of 0.03% in sales volume compared to 2022[75] - Revenue from the manufacturing and sales of high-precision copper strips was RMB 6,023.7 million, an increase of 2.3% from RMB 5,887.0 million in 2022, with sales volume of 94,104 tons, up 3.1% from 91,236 tons in the same period last year[75] - The group's copper processing service revenue decreased by 11.5% to RMB 231.9 million in 2023, with processing volume down 6.2% to 41,215 tons compared to 2022[75] Operational Highlights - The company continues to focus on the manufacturing and sales of high-precision copper strips and has expanded its business to include online gaming development and operations since 2016[9] - The management plans to continue optimizing organizational structure and product mix to enhance competitiveness in the face of increasing market challenges[70] - The group initiated over 50 technical improvement projects in 2023 to enhance competitiveness and support the development of high-value-added products[77] - The group has maintained a good relationship with major lending banks, ensuring sufficient financial resources to meet operational and debt repayment needs[111] - The group has implemented strict environmental regulations for suppliers, ensuring compliance with environmental standards[107] Market Outlook - The company anticipates that the demand for high-end copper strip products will increase due to the rapid development of industries such as new energy vehicles and electronics[74] - For 2024, the company anticipates copper prices to fluctuate between USD 7,500 and USD 9,000 per ton, and domestic copper prices to range from RMB 62,000 to RMB 72,000 per ton[180] Shareholder Information - The company has no dividends declared for equity shareholders for both 2023 and 2022[168] - The group recorded a profit attributable to equity shareholders of RMB 187.4 million for the year, compared to RMB 216.6 million in 2022, resulting in basic earnings per share based on a weighted average of 881,188,754 shares[129] - The diluted earnings per share also reflected a profit of RMB 187.4 million, with adjusted shares outstanding of 881,198,895[130] Investment and Expenditures - The group invested RMB 282.4 million in property, plant, and equipment for the year ended December 31, 2023, primarily funded through internal resources and bank loans[101] - As of December 31, 2023, the group has future capital expenditures of approximately RMB 324.5 million contracted but not yet provided for, mainly for the construction and capacity expansion of the copper processing business[102] Other Financial Metrics - The capital debt ratio as of December 31, 2023, was 32.1%, a slight decrease from 33.0% in the previous year[99] - The weighted average number of ordinary shares (basic) decreased from 891,143,672 in 2022 to 881,188,754 in 2023, a reduction of approximately 1.1%[135] - The company recognized an inventory provision of RMB 18,185,000 in 2023, up from RMB 15,289,000 in 2022, indicating an increase of about 12.4%[147] - The cash amount of bank acceptance bills discounted was RMB 87,387,000 in 2023, significantly higher than RMB 22,780,000 in 2022, marking an increase of approximately 283.5%[149] - The net trade receivables and notes receivable after deducting credit loss provisions increased from RMB 407,977,000 in 2022 to RMB 572,107,000 in 2023, representing a growth of about 40.3%[141]

Financial Performance - In the first half of 2023, the company recorded a total revenue of RMB 7.6 million, an increase from RMB 4.3 million in the same period of 2022, reflecting a growth of approximately 76.7%[31]. - The company's net loss for the first half of 2023 was RMB 0.7 million, a significant improvement compared to a net loss of RMB 2.0 million in the same period of 2022[31]. - The company reported other losses of RMB 6.3 million in the first half of 2023, compared to other income of RMB 41.3 million in the same period of 2022, primarily due to gains from metal futures contracts recorded in 2022[34]. - For the six months ended June 30, 2023, the company reported a profit of RMB 107,886,000, a decrease of 9.0% compared to RMB 119,566,000 for the same period in 2022[113]. - The total comprehensive income for the period was RMB 109,135,000, down from RMB 121,736,000 in the previous year[112]. - Revenue for the six months ended June 30, 2023, was RMB 2,809,295 thousand, a decrease of 12.9% compared to RMB 3,222,331 thousand for the same period in 2022[123]. - Operating profit for the period was RMB 120,950 thousand, down 13.1% from RMB 139,077 thousand in the previous year[123]. - Net profit attributable to equity shareholders was RMB 107,726 thousand, a decrease of 10.4% compared to RMB 119,447 thousand in the same period last year[123]. - The company reported a total comprehensive income of RMB 109,135 thousand for the period, down from RMB 121,736 thousand in the previous year[132]. Revenue Sources - The network gaming business generated revenue of RMB 7.6 million, accounting for 0.3% of the total revenue, compared to RMB 4.3 million in the same period of 2022[33]. - Revenue from copper-related products decreased to RMB 2,670,276,000 from RMB 3,037,965,000, a decline of approximately 12.1%[166]. - Revenue from online gaming operations was RMB 7,613,000, an increase from RMB 4,306,000 in the previous year, representing a growth of approximately 76.5%[166]. - The company did not have any single customer contributing more than 10% of total revenue during the reporting periods[181]. Expenses and Losses - The group recorded a net loss of approximately RMB 3.1 million from metal futures contracts for the six months ended June 30, 2023, compared to a net gain of approximately RMB 40.0 million in the same period of 2022[42]. - The company incurred RMB 105,881,000 in payments for the purchase of property, plant, and equipment, up from RMB 52,804,000 in the previous year[99]. - The company reported a loss from the sale of property, plant, and equipment amounting to RMB 1,247,000 for the six months ended June 30, 2023, compared to a loss of RMB 17,000 in the previous year[179]. - Research and development expenses for the six months ended June 30, 2023, amounted to RMB 84,870,000, down from RMB 105,836,000 in the previous year, a decrease of about 19.8%[173]. Assets and Liabilities - As of June 30, 2023, the company had outstanding bank loans and other borrowings of approximately RMB 1,195.6 million, with 94.2% of interest-bearing borrowings being short-term[38]. - The group had a debt-to-equity ratio of 31.1%, down from 33.0% as of December 31, 2022[52]. - Total liabilities increased to RMB 2,613,288 thousand from RMB 2,222,433 thousand, indicating a rise of 17.6%[126]. - The net asset value as of June 30, 2023, was RMB 1,883,519 thousand, up from RMB 1,785,530 thousand at the end of 2022, showing an increase of 5.5%[129]. - Non-current assets totaled RMB 1,135,440 thousand as of June 30, 2023, compared to RMB 1,045,676 thousand at the end of 2022, reflecting an increase of 8.6%[126]. - Current assets amounted to RMB 3,472,688 thousand, an increase from RMB 3,125,809 thousand at the end of 2022, representing a growth of 11.1%[126]. Cash Flow - The net cash used in operating activities was RMB (181,795,000), compared to RMB 325,430,000 generated in the same period last year[99]. - The net cash used in operating activities was HKD (184,668) million, compared to HKD 296,091 million in the previous period[67]. - The net cash generated from financing activities was RMB 343,935,000, an increase from RMB 168,862,000 in the prior year[102]. - Cash and cash equivalents increased by RMB 163,076,000 during the period, compared to an increase of RMB 419,982,000 in the same period last year[102]. - The company’s cash and cash equivalents stood at RMB 484,613,000 as of June 30, 2023, compared to RMB 665,131,000 at the same date last year[102]. Shareholder Information - Major shareholders include Dynamic Empire Holdings Limited with 274,200,000 shares, representing 30.48% of the total issued shares[72][73]. - The total number of share options available under the 2016 share option plan as of June 30, 2023, was 81,111,595 shares[69]. - The company has not granted any share options under the 2016 share option plan since its adoption, indicating no expected issuance of shares related to share options[81]. - The share award plan has resulted in zero shares being granted to selected employees during the reporting period[71]. - The trustee holds 21,265,000 shares under the share award plan since its adoption date until June 30, 2023[71]. Taxation - The effective tax rate for the first half of 2023 was 14%, an increase from 11% in the same period of 2022, attributed to increased taxable profits from a subsidiary[36]. - The actual tax rate for the six months ended June 30, 2023, was 14%, up from 11% in the previous year, primarily due to increased taxable profits from a subsidiary[176]. Market Conditions - The company is facing challenges in the copper market due to high inflation and geopolitical conflicts, impacting demand for industrial metals[26]. Investments and Capital Expenditures - The group invested approximately RMB 105.9 million in property, plant, and equipment during the six months ended June 30, 2023, primarily funded through internal resources and bank loans[54]. - The group has future capital expenditures contracted but not yet provided for amounting to RMB 466.2 million, mainly for the construction and capacity expansion of the copper processing business[55].

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，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：505） 截至二零二三年六月三十日止六個月的中期業績 興業合金材料集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 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綜合業績如下： 綜合損益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 附註 二零二三年 二零二二年 人民幣千元 人民幣千元 （未經審核） （未經審核） 收益 4 2,809,295 3,222,331 銷售成本 (2,523,454) (2,946,403) ...