Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 3,222,331 thousand, a slight increase of 1.7% compared to RMB 3,167,835 thousand in the same period of 2021[9] - Gross profit decreased to RMB 275,928 thousand, down 37.0% from RMB 438,863 thousand year-on-year[9] - Operating profit for the period was RMB 139,077 thousand, a decrease of 36.5% compared to RMB 219,137 thousand in the previous year[9] - Net profit attributable to equity shareholders was RMB 119,447 thousand, down 26.2% from RMB 162,138 thousand in the same period last year[9] - Basic earnings per share decreased to RMB 13.36, compared to RMB 19.94 in the previous year, reflecting a decline of 32.9%[9] - The company reported a total comprehensive income of RMB 121,736 thousand for the period, down from RMB 162,118 thousand in the previous year[12] - The company’s net profit attributable to shareholders decreased to RMB 119.4 million, down RMB 42.7 million from RMB 162.1 million in the same period last year[128] Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 3,075,149 thousand, an increase from RMB 2,605,024 thousand as of December 31, 2021[15] - Current assets increased to RMB 996,471 thousand from RMB 967,917 thousand year-on-year[15] - Total liabilities increased to RMB 2,240,444 thousand, compared to RMB 1,918,608 thousand at the end of 2021[15] - The company’s total equity attributable to shareholders was RMB 1,390,779 thousand as of June 30, 2022, compared to RMB 1,393,175 thousand at the same time in 2021, showing a slight decrease of about 0.2%[22] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2022, was RMB 212,108 thousand, a significant improvement compared to a cash outflow of RMB 120,413 thousand in the same period of 2021[26] - The company reported a net increase in cash and cash equivalents of RMB 419,982 thousand for the six months ended June 30, 2022, compared to an increase of RMB 124,768 thousand in the prior year[26] - The company invested RMB 52,804 thousand in the purchase of property, plant, and equipment during the six months ended June 30, 2022, down from RMB 67,608 thousand in the same period of 2021, reflecting a reduction of approximately 22%[26] - The company’s financing activities generated a net cash inflow of RMB 252,845 thousand for the six months ended June 30, 2022, compared to RMB 316,182 thousand in the previous year, indicating a decrease of about 20%[26] Revenue Breakdown - Revenue from copper-related products reached RMB 3,037,965,000, an increase from RMB 2,978,349,000 in the previous year, representing a growth of 2.0%[38] - Revenue from online gaming was RMB 3,218,025,000, down from RMB 5,956,000,000, indicating a decline of 46.0%[38] - The company’s total revenue for the six months ended June 30, 2022, was RMB 354,133 thousand, a decrease from RMB 697,943 thousand in the previous year, indicating a decline of about 49%[26] Inventory and Receivables - The cost of inventory for the period was RMB 2,945,004,000, compared to RMB 2,727,108,000, representing an increase of 8.0%[47] - As of June 30, 2022, the total inventory amounted to RMB 2,119,300,000, a decrease from RMB 2,217,505,000 as of December 31, 2021, representing a reduction of approximately 4.4%[58] - The net trade receivables and notes receivable as of June 30, 2022, were RMB 359,491,000, down from RMB 402,205,000 as of December 31, 2021, indicating a decline of about 10.6%[60] Shareholder Information - The company did not declare or distribute any dividends for the period ending June 30, 2022, as per the board's decision[79] - As of June 30, 2022, the total number of issued ordinary shares was 5,000,000,000, with a corresponding amount of HKD 500,000,000[80] - The group held 22,522,000 shares under the share incentive plan as of June 30, 2022, with a total cost of HKD 21,882,000 (approximately RMB 18,419,000)[93] Research and Development - Research and development expenses amounted to RMB 105,836,000, up from RMB 86,451,000, marking an increase of 22.4%[47] - The effective tax rate for the group decreased to 11% from 22% in the previous year, primarily due to tax benefits from qualified R&D expenses[51] Market and Business Strategy - The company continues to explore market expansion opportunities and new product development strategies to enhance future growth prospects[12] - The company continues to focus on the manufacturing and sales of high-precision copper strips and the development and operation of online games, indicating ongoing commitment to its core business areas[29] Employee and Governance - The group employed a total of 1,464 employees as of June 30, 2022, an increase from 1,449 employees on December 31, 2021[141] - The board confirmed compliance with the corporate governance code during the review period[170]

Financial Performance - The total revenue for the year 2021 reached RMB 6,949.9 million, an increase of 53.3% compared to RMB 4,534.9 million in 2020[14]. - The profit attributable to shareholders was RMB 277.0 million, representing an 83.7% year-on-year growth from RMB 150.8 million in 2020[14]. - The group reported a gross profit of RMB 790.5 million for 2021, up 47.2% from the previous year, primarily due to increased copper product sales[33]. - Other income decreased to RMB 15.4 million, down RMB 9.6 million from the previous year, mainly due to reduced government subsidies[34]. - Administrative expenses rose to RMB 314.0 million, an increase of RMB 71.8 million from RMB 242.2 million in 2020, attributed to higher R&D and employee costs[37]. - The company reported a significant increase in high-precision copper strip revenue to RMB 6,447.0 million, a 52.4% increase from RMB 4,229.3 million in the previous year[21]. - The copper business generated revenue of RMB 6,939.5 million, driven by an 18.8% increase in copper product sales, totaling 162,158 tons sold[33]. Production and Sales - The group achieved a production and sales volume of 156,000 tons, marking a significant milestone in its development history[10]. - In 2021, the company's copper processing business achieved revenue of RMB 6,939.5 million, an increase of 53.5% year-on-year, with sales volume reaching 162,158 tons, up 18.8% from the previous year[21]. - The company plans to achieve a production and sales target of 200,000 tons in 2022, building on the momentum from 2021[27]. - The company expanded its customer base by acquiring 30 new clients in 2021, with 4 to 5 of these clients identified as having significant potential[22]. - The company’s copper strip consumption in China reached 2.7 million tons in 2021, reflecting a year-on-year growth of 17.0%[17]. - The company’s capacity utilization rate for copper strip processing was 74% in 2021, an increase of 7.6% year-on-year[17]. Market Conditions - The average LME copper price fluctuated between USD 7,700 and USD 10,750 per ton during 2021, with a closing price of USD 9,755 per ton at the end of the year, up 25.81% from the previous year[15]. - The SHFE three-month copper price reached a peak of RMB 78,270 per ton on May 10, 2021, the highest since 2006, and closed at RMB 70,380 per ton at the end of the year, an increase of 21.87% year-on-year[15]. - The group benefited from increased domestic orders due to reduced production in international peers, maintaining a supply-demand imbalance in the copper processing industry[10]. Strategic Initiatives - The company emphasized innovation and cost reduction as key strategies for development in 2021[9]. - The company plans to face external challenges in 2022, including geopolitical tensions and trade frictions, while continuing to pursue its vision of becoming a century-old enterprise and a world-class company[11]. - The company is actively pursuing the construction of new facilities and the introduction of advanced equipment to enhance production capacity[23]. Corporate Governance - The board of directors held a total of five meetings during the year, with all directors attending all meetings, ensuring high levels of accountability and governance[68]. - The company emphasizes strict compliance with environmental regulations and has established a recycling workshop to minimize environmental impact[58]. - The board is committed to maintaining high standards of corporate governance, which is considered key to the company's success[61]. - The company has adopted the Corporate Governance Code and has complied with its provisions throughout the year[62]. - The board's main responsibilities include formulating long-term strategies, approving business plans, and monitoring risk management[67]. - The company has a clear written authority framework for management to report to the board on daily operations[67]. - The company ensures that shareholder interests are prioritized, especially in cases of conflict with other interests[70]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an ESG management strategy that includes compliance, environmental sustainability, employee welfare, customer satisfaction, and social responsibility[144]. - The company is committed to enhancing communication with stakeholders and ensuring effective ESG risk management systems[141]. - The board of directors is responsible for overseeing and evaluating the effectiveness of the ESG governance framework[140]. - The company aims to reduce unit water consumption by 40% by 2025 compared to 2018 levels[155]. - The company targets a 50% reduction in unit greenhouse gas emissions by 2025 compared to 2018 levels[155]. - The company plans to decrease the generation of non-hazardous waste per unit product by 30% by 2025 compared to 2019 levels[155]. - The company aims for a 15% reduction in hazardous waste generation per unit product by 2025 compared to 2018 levels[155]. - The company targets a 20% reduction in comprehensive energy consumption per unit product by 2025 compared to 2015 levels[155]. Employee and Talent Management - The company had 1,449 employees as of December 31, 2021, with 1,391 in the copper business and 58 in the online gaming business[53]. - The company is committed to recruiting, retaining, and motivating talented employees to enhance achievements and create value for shareholders[94]. - The company actively collaborates with Central South University to enhance talent development in materials science[159]. Product Development and Innovation - In 2021, the company successfully developed new copper products K24 and K40, contributing to industry advancement and providing higher quality material options[164]. - The K24 copper product achieved a conductivity rate of over 90% and demonstrated excellent high-temperature resistance, enhancing efficiency for 5G applications[165]. - The sales volume of new products K36 and K40 reached 1,000 tons in 2021, generating significant economic benefits for the company[165]. - The company participated in the completion of the national standard for copper and copper alloy foil materials, contributing to industry progress[168]. - The company has made significant breakthroughs in copper-iron alloy CFA95, filling a domestic gap and receiving preliminary recognition from Japan[165]. Risk Management - The company’s risk management and internal control systems are designed to provide reasonable assurance against material misstatements or losses[105]. - The company has established a department responsible for risk monitoring and internal auditing, with quarterly audits conducted to ensure effective risk management[110]. - The board reviewed the effectiveness of the risk management and internal control systems and deemed them effective and complete[111].

Xingye Alloy Materials Group Limited Interim Report 2021 中期報告 興業合金材料集團有限公司 INTERIM REPORT 2021 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 (formerly known as Huan Yue Interactive Holdings Limited) (incorporated in the Cayman Islands with limited liability) Stock Code : 00505 中期報告 2021 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 公司資料 1 興業合金材料集團有限公司 | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|--------------------------| | | | | | | | | ...

年度報告 ANNUAL REPORT 2020 2020 (incorporated in the Cayman Islands with limited liability) Stock Code : 00505 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 (formerly known as Huan Yue Interactive Holdings Limited) Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 年度報告 Annual Report 2020 興業合金材料集團有限公司 Xingye Alloy Materials Group Limited 目錄 | --- | --- | |-------|--------------------------| | | | | | 公司資料 | | | 主席報告書 | | | 管理層討論與分析 | | 15 | 企業管治報告 | | 28 | 環境、社會及管治報告 | | 97 | 董事會報告 | | 113 | 董事簡歷詳情 | | 115 ...

Xingye Alloy Materials Group Limited | --- | --- | |-----------------------------------------------------------|--------------------------------------| | | Xingye Alloy Materials Group Limited | | | | | 興業合金材料集團有限公司 | | | (formerly known as Huan Yue Interactive Holdings Limited) | | (incorporated in the Cayman Islands with limited liability) Stock Code : 00505 Interim Report 2020 中期報告 興業合金材料集團有限公司 2020 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 2020 中期報告 Interim Report 目錄 | --- | --- | --- | --- | |- ...

歡 Annual Report Huan Yue Interactive Holdings Limited Huan Yue Interactive Holdings Limited 歡 互娛控股有限 公 司 互娛控股有限 公 司 (incorporated in the Cayman Islands with limited liability) Stock Code : 00505 2019 年度報告 Huan Yue Interactive Holdings Limited 歡 互娛控股有限 公 司 （於開曼群島註冊成立之有限公司） 股份代號： 00505 目錄 2 公司資料 4 主席報告書 6 管理層討論與分析 16 企業管治報告 29 環境、社會及管治報告 73 董事會報告 89 董事簡歷詳情 91 獨立核數師報告書 97 綜合損益表 98 綜合損益及其他全面收益表 99 綜合財務狀況表 101 綜合權益變動表 103 綜合現金流量表 105 財務報表附註 199 五年財務資料概要 公司資料 | --- | --- | |--------------------------------------- ...

2019 中期報告 Huan Yue Interactive Holdings Limited 歡 倪 互 娛 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號： 00505 目錄 2 公司資料 4 綜合損益表 5 綜合損益及其他全面收益表 6 綜合財務狀況表 8 綜合權益變動表 10 簡明綜合現金流量表 11 未經審核中期財務報告附註 41 管理層討論與分析 49 其他資料 公司資料 | --- | --- | --- | |-------|---------------------------------------------|-------------------------------------| | | | | | | 董事會 | 公司秘書 | | | 執行董事 | 梅雅美女士 | | | 胡長源先生 （主席） 胡明烈先生 （行政總裁） | 授權代表 | | 任 | 灝先生 朱文俊先生 | 朱文俊先生 梅雅美女士 | | | 非執行董事 | 主要法律顧問 | | | 戴建春先生 | 中國，香港 | | | 獨立非執行董事 柴朝明先生 | 中倫律師事務所 | | 魯 | 樓棟博士 ...

年 度 2018 Huan Yue Interactive Holdings Limited 歡 互娛控股有限 公 司 報告 （於開曼群島註冊成立之有限公司） 股份代號： 00505 目錄 | --- | --- | |-------|--------------------------| | | | | | 公司資料 | | | 主席報告書 | | | 管理層討論與分析 | | 14 | 企業管治報告 | | 27 | 環境、社會及管治報告 | | 69 | 董事會報告 | | 83 | 董事簡歷詳情 | | 85 | 獨立核數師報告書 | | 92 | 綜合損益表 | | 93 | 綜合損益及其他全面收益表 | | 94 | 綜合財務狀況表 | | 96 | 綜合權益變動表 | | 98 | 綜合現金流量表 | | 100 | 財務報表附註 | | 187 | 五年財務資料概要 | 公司資料 柴朝明先生（主席） 戴建春先生 魯 紅女士 樓 棟博士 任 灝先生 董事會 執行董事 胡長源先生（主席） 胡明烈先生（行政總裁） 任 灝先生 朱文俊先生 非執行董事 戴建春先生 獨立非執行董事 柴朝明先生 樓 棟博士 ...