LISI GROUP (HOLDINGS) LIMITED 利 時 集 團 ( 控 股 ) 有 限 公司 (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) Stock Code 股份代號 : 526 2025 Environmental, Social and Governance Report 環境、社會及管治報告 目 錄 | 關於本報告 | 2 | | --- | --- | | 匯報範圍 | 2 | | 報告準則 | 3 | | 聯絡方式及反饋意見 | 3 | | 持份者參與 | 4 | | 重要性評估 | 5 | | 環境、社會及管治之管治 | 7 | | 可持續發展政策 | 7 | | 環境、社會及管治之管治架構 | 7 | | 環境、社會及管治培訓 | 8 | | 環境、社會及管治風險管理 | 8 | | 可持續業務 | 10 | | 加強質量管理 | 10 | | 負責任採購 | 13 | | 商業道德 | 14 | | 社區參與 | 15 | | 負責任僱用 | 17 | | 僱傭常規 | 18 | | 勞工準 ...

LISI GROUP (HOLDINGS) LIMITED 利時集團 ( 控 股 ) 有限公司 Annual Report 2025年報 (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) Stock Code 股份代號 : 526 目 錄 | 公司資料 | 2 | | --- | --- | | 董事及高級管理人員簡介 | 3 | | 主席報告書 | 6 | | 管理層討論及分析 | 8 | | 企業管治報告 | 13 | | 董事會報告 | 24 | | 獨立核數師報告 | 34 | | 綜合損益表 | 40 | | 綜合損益及其他全面收益表 | 41 | | 綜合財務狀況表 | 42 | | 綜合權益變動表 | 44 | | 綜合現金流量表 | 45 | | 財務報表附註 | 47 | | 投資物業列表 | 112 | | 金融產品列表 | 113 | | 五年財政年度之撮要 | 114 | 公司資料 公司資料 董事會 執行董事 李立新先生 （主席） 程建和先生 金亞雪女士 獨立非執行董事 冼易先生 何誠穎先生 鄺焜堂先生 ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 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。 LISI GROUP (HOLDINGS) LIMITED （股份代號：526） （於百慕達註冊成立之有限公司） 截至二零二五年三月三十一日止年度全年業績公佈 年度業績 利時集團（控股）有限公司（「本公司」，連同其附屬公司，統稱為「本集團」）之董事 （「董事」）會（「董事會」）欣然宣佈，本集團截至二零二五年三月三十一日止年度（「本 年度」）之經審核綜合業績連同上年度同期之比較數字如下： 1 綜合損益表 截至二零二五年三月三十一日止年度 （以人民幣（「人民幣」）列示） | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | 收入 | 4 | 2,684,824 | 2,687,361 | | 銷售成本 | | (2,081,440) | (1,992,137) | | 毛利 | 4(b) | 603,384 | ...

Financial Performance - Revenue for the six months ended September 30, 2024, was RMB 1,405,550 thousand, an increase from RMB 1,334,269 thousand in the same period last year, representing a growth of approximately 5.4%[17] - Gross profit for the period was RMB 344,727 thousand, down from RMB 373,214 thousand, indicating a decrease of about 7.6%[17] - Operating profit decreased significantly to RMB 241,167 thousand from RMB 407,802 thousand, reflecting a decline of approximately 40.8%[17] - The net loss attributable to equity shareholders for the period was RMB 26,234 thousand, compared to a profit of RMB 293,191 thousand in the previous year[17] - Basic and diluted loss per share was RMB (0.3), a decrease from earnings of RMB 3.6 per share in the same period last year[17] - The overall comprehensive income for the six months ended September 30, 2024, was RMB 286,281 thousand, compared to RMB 293,191 thousand in the previous year, showing a slight decrease[34] - The company reported a loss attributable to equity shareholders of RMB (26,234,000) for the six months ended September 30, 2024, compared to a profit of RMB 293,191,000 in the same period of 2023[77] - The company recorded a net loss of approximately RMB 26,200,000 for the reporting period, compared to a net profit of approximately RMB 293,200,000 in the same period last year, primarily due to a compensation of RMB 131,200,000 received from the Ningbo local government last year and valuation losses of RMB 203,800,000 on investment properties[162] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 3,182,472 thousand, down from RMB 3,439,004 thousand as of March 31, 2024[31] - Net assets decreased to RMB 2,367,599 thousand from RMB 2,394,267 thousand, reflecting a decline of approximately 1.1%[21] - Cash and cash equivalents increased to RMB 969,598 thousand from RMB 548,260 thousand, indicating a growth of approximately 76.5%[31] - As of September 30, 2024, the company's net assets decreased to approximately RMB 2,367,600,000, with a net asset value per share of RMB 29.4, primarily due to a compensation of RMB 131,200,000 from the Ningbo local government and valuation losses of RMB 203,800,000 on investment properties[123] - The company's total assets were approximately RMB 4,057,700,000, with cash and bank deposits amounting to RMB 969,600,000 as of September 30, 2024[138] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2024, was RMB 404,255 thousand, a significant improvement from a net cash used of RMB 43,981 thousand in the prior year[39] - The company reported a net cash used in investing activities of RMB 17,418 thousand for the six months ended September 30, 2024, compared to a net cash generated of RMB 31,597 thousand in the same period of 2023[39] - The cash and cash equivalents increased to RMB 969,598 thousand as of September 30, 2024, from RMB 370,145 thousand at the same date in 2023, representing a substantial increase of approximately 162%[43] Revenue Segmentation - The retail segment, which includes supermarket operations and property leasing services, contributed significantly to the overall revenue growth during the reporting period[50] - The revenue from sales of goods and services for the six months ended September 30, 2024, was RMB 1,365,186,000, compared to RMB 1,302,362,000 in 2023, marking an increase of approximately 4.8%[64] - For the reporting period, the manufacturing and trading segment generated revenue of approximately RMB 768,700,000, an increase of 8.4% compared to RMB 708,900,000 in the same period last year[149] - Retail business revenue decreased by 29.3% to approximately RMB 116,200,000, down from approximately RMB 164,300,000 in the same period last year, attributed to a shift towards online shopping and e-commerce[163] - Wholesale business revenue increased by 11.5% to approximately RMB 500,200,000, compared to approximately RMB 448,700,000 in the same period last year, driven by collaboration with large real estate companies[164] Expenses and Costs - Financial expenses decreased to RMB 14,599,000 for the six months ended September 30, 2024, down from RMB 19,364,000 in the same period of 2023, indicating a reduction of approximately 24.3%[59] - The cost of inventory, depreciation, and amortization increased to RMB 962,673,000 in 2024 from RMB 859,913,000 in 2023, reflecting an increase of about 12%[60] - The total employee costs for the six months ended September 30, 2024, were RMB 80,187,000, an increase from RMB 71,893,000 in 2023, representing an increase of about 11.5%[73] Investment and Financing - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[17] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[50] - The company will explore other debt and equity financing options to support its growth and expansion plans[139] - The group has entered into an agreement to subscribe to financial products from Guomin Trust with a maximum subscription amount of RMB 800,000,000, maturing between October 2024 and March 2025[144] - The company plans to use approximately HKD 60,450,000 from the subscription proceeds for potential acquisitions and general working capital[159] Governance and Compliance - The company emphasizes adherence to corporate governance codes, although it deviated from the code regarding the separation of the roles of Chairman and CEO due to the absence of a CEO[172] - The audit committee, composed of three independent non-executive directors, reviewed the interim financial statements and confirmed compliance with applicable accounting standards[157] Market Outlook - The group maintains a positive outlook on the profitability and growth of its manufacturing and trading business despite ongoing economic uncertainties and geopolitical tensions[150] - The group is actively exploring overseas markets and adjusting local marketing strategies while implementing cost control measures to enhance competitiveness[150] - The national real estate market remains sluggish, with significant declines in second and third-tier cities, impacting the company's wholesale business in HVAC products[167] - The group recognizes the foreign currency fluctuation risk associated with its cash flow, which is closely tied to the performance of the RMB exchange rate[144] Shareholder Information - Major shareholders include Lisi Manufacturing Co., Limited, holding approximately 34.03% of the issued share capital[154] - The company did not recommend any interim dividend for the reporting period, maintaining the dividend at RMB 0[107] - No interim dividend will be declared for the six months ended September 30, 2024[158]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of RMB 1,405,550,000, an increase of 5.3% compared to RMB 1,334,269,000 for the same period in 2023[2] - Gross profit for the same period was RMB 344,727,000, down 7.7% from RMB 373,214,000 year-on-year[2] - The company experienced a significant decline in operating profit, reporting RMB 241,167,000, a decrease of 40.8% from RMB 407,802,000 in the previous year[4] - The net loss attributable to equity shareholders for the period was RMB 26,234,000, compared to a profit of RMB 293,191,000 in the same period last year[4] - The company reported a net loss per share of RMB 0.3, down from earnings of RMB 3.6 per share in the previous year[4] - Total revenue for the six months ended September 30, 2024, was RMB 1,405,550 thousand, an increase from RMB 1,334,269 thousand in the same period of 2023, representing a growth of approximately 5.3%[15] - The company recorded a net loss of approximately RMB 26,200,000, compared to a net profit of approximately RMB 293,200,000 in the same period last year, primarily due to a compensation of RMB 131,200,000 received from the Ningbo local government last year and an investment property valuation loss of RMB 203,800,000[82] Revenue Breakdown - Revenue from external customers in the manufacturing and trading segment was RMB 768,671 thousand, while the retail segment generated RMB 116,166 thousand, and the wholesale segment contributed RMB 500,236 thousand for the six months ended September 30, 2024[25] - The company's total reportable segment revenue for the six months ended September 30, 2024, was RMB 1,422,278 thousand, compared to RMB 1,372,343 thousand in the same period of 2023, indicating a growth of about 3.6%[27] - The manufacturing and trading segment generated revenue of approximately RMB 768,700,000, an increase of 8.4% from RMB 708,900,000 in the previous year[84] - Retail business revenue decreased by 29.3% to approximately RMB 116,200,000, down from RMB 164,300,000 in the same period last year, mainly due to a shift towards online shopping and e-commerce[85] - Wholesale business revenue increased by 11.5% to approximately RMB 500,200,000, compared to RMB 448,700,000 in the previous year, driven by collaboration with large real estate companies[86] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 2,556,017,000, a decrease from RMB 2,639,689,000 as of March 31, 2024[8] - Current liabilities increased to RMB 3,431,221,000 from RMB 3,226,997,000 in the previous reporting period[8] - The company’s total equity decreased to RMB 2,367,599,000 from RMB 2,394,267,000 in the previous period[10] - The company's trade receivables from third parties increased to RMB 264,969 thousand as of September 30, 2024, up from RMB 202,445 thousand as of March 31, 2024, indicating a growth of approximately 30.9%[42] - The total trade receivables and other receivables, net of loss provisions, amounted to RMB 972,588 thousand as of September 30, 2024, compared to RMB 918,738 thousand as of March 31, 2024, reflecting an increase of about 5.9%[42] - As of September 30, 2024, the company's total liabilities amounted to RMB 787,803 thousand, slightly up from RMB 780,885 thousand as of March 31, 2024, indicating a marginal increase of approximately 0.1%[51] Cost and Expenses - Employee costs for the six months ended September 30, 2024, totaled RMB 80,187 thousand, up from RMB 71,893 thousand in the same period of 2023, marking an increase of approximately 11.5%[31] - Other income for the six months ended September 30, 2024, was RMB 9,217 thousand, significantly lower than RMB 142,918 thousand in the same period of 2023, indicating a decrease of approximately 93.5%[32] - The total interest expense for borrowings was RMB 14,599 thousand for the six months ended September 30, 2024, down from RMB 19,364 thousand in the same period of 2023, representing a decrease of about 24.3%[34] - The company reported a loss from the sale of properties, plant, and equipment amounting to RMB 6,240 thousand for the six months ended September 30, 2024, compared to a gain of RMB 131,573 thousand in the same period of 2023[32] Strategic Initiatives - The company plans to continue focusing on developing and introducing new products to meet changing customer demands and expand its customer base in existing and emerging markets[89] - The company will implement cost control measures, including restructuring management and sales resources, as well as structural changes in procurement and manufacturing planning[89] - The company is actively seeking investment opportunities to diversify and enhance its asset portfolio, aiming for continuous performance improvement[92] Market Conditions - The real estate market remains sluggish, with residential and commercial properties experiencing declines, particularly in second and third-tier cities[90] - The wholesale HVAC business will continue to follow a stable development strategy while closely monitoring macroeconomic policies and default risks[90] Governance - The board of directors is composed of executive directors Li Lixin, Cheng Jianhe, and Jin Yaxue, along with independent non-executive directors He Chengying, Xian Yi, and Kuang Kuantang[107]

Business Strategy and Growth - The company will continue to focus on developing and introducing new products to meet the evolving needs of different customer segments[26]. - The company aims to expand its customer base in existing and emerging markets to achieve sustainable growth and improve overall performance[26]. - The company will concentrate on higher-margin products and customers to further enhance its business and financial performance[26]. - The company has set a goal to improve its overall performance by focusing on high-margin products and expanding its market presence[26]. - The company plans to continue focusing on market expansion and new product development strategies in the upcoming fiscal year[175]. Financial Performance - Total revenue for the year 2024 was RMB 2,687,361,000, an increase from RMB 2,422,402,000 in 2023, representing a growth of approximately 11%[146]. - Gross profit for 2024 was RMB 695,224,000, compared to RMB 628,182,000 in 2023, reflecting a year-over-year increase of about 10.7%[146]. - Profit before tax for the year was RMB 407,506,000, up from RMB 327,556,000 in the previous year, indicating a growth of approximately 24.4%[146]. - Net profit from continuing operations for 2024 was RMB 325,051,000, compared to RMB 269,764,000 in 2023, marking an increase of around 20.5%[146]. - Basic earnings per share from continuing operations rose to RMB 4.04 in 2024, up from RMB 3.35 in 2023, representing a growth of approximately 20.6%[146]. - The total profit for the year ended March 31, 2024, is RMB 325,051,000, a decrease of 86.1% compared to RMB 2,337,479,000 for the previous year[169]. - The total comprehensive income attributable to equity shareholders for the year is RMB 319,285,000, down from RMB 2,329,777,000, reflecting a decline of 86.3%[169]. Compliance and Governance - The company is committed to updating its compliance with applicable environmental laws and regulations to minimize environmental impact[24]. - The company has engaged independent consultants to perform internal audit functions and review its risk management and internal control systems[17]. - The company has established a clear organizational structure with defined operating and reporting procedures[19]. - The company has not disclosed any non-compliance with relevant laws and regulations during the review year[45]. - The audit committee consists of three independent non-executive directors, ensuring oversight of the company's financial performance[36]. - The company has provided training for all directors conducted by professionals, ensuring they are updated on relevant rules and regulatory changes[52]. Related Party Transactions - The total amount of related party transactions for the year was approximately RMB 5,900,000,000, with an additional RMB 2,200,000,000 expected between April and June 2024[136]. - The company has set a maximum annual value for rental expenses related to ongoing connected transactions, with specific limits outlined[111]. - The company’s independent non-executive directors confirmed that the ongoing connected transactions are conducted in the ordinary course of business and on normal commercial terms[116]. - The auditor has issued a standard letter regarding the ongoing connected transactions as per the listing rules[116]. Assets and Liabilities - The company reported a financial loss of RMB 70,660,000 related to impairment of financial assets and contract assets, compared to RMB 19,061,000 in 2023, indicating a significant increase in impairment losses[146]. - Non-current liabilities include bank and other loans of RMB 89,980,000, a slight decrease from RMB 90,000,000 in the previous year[172]. - The net asset value increased to RMB 2,394,267,000 from RMB 2,074,982,000, representing a growth of 15.4%[172]. - The company's total equity as of March 31, 2024, stands at RMB 2,394,267,000, an increase of 15.4% from the previous year[172]. - The company’s reserves increased to RMB 2,324,379,000 from RMB 2,005,094,000, marking an increase of 16.0%[172]. Cash Flow and Expenses - The net cash generated from operating activities decreased to RMB 68,327,000 in 2024 from RMB 247,915,000 in 2023, representing a decline of 72.5%[176]. - The financial expenses for the year 2024 were RMB 37,052,000, a significant decrease of 62.6% from RMB 98,802,000 in 2023[176]. - The cash flow from operating activities was impacted by a significant increase in trade receivables and other receivables, which rose by RMB 506,177,000 in 2024[176]. Inventory and Receivables - The company experienced a decrease in inventory, which reduced by RMB 54,800,000 in 2024, compared to an increase of RMB 64,400,000 in 2023[176]. - Trade receivables and other receivables rose from RMB 1,003,681 thousand in 2023 to RMB 1,439,196 thousand in 2024, an increase of about 43.4%[198]. Share Capital and Equity - The company has issued a total of 2,755,137,680 shares, representing approximately 34.25% of the issued share capital[54]. - The company has a total of 1,687,282,681 shares sold, which accounts for 20.98% of the issued share capital[54]. - The company has not engaged in any arrangements that would allow directors to benefit from purchasing shares or securities of the company during the year[54]. - The company has not granted any stock options under the plan since its adoption on August 31, 2012, and no unexercised options remain[54].

Financial Performance - The group's revenue for the year ended March 31, 2024, was RMB 2,687,361 thousand, representing a 10.9% increase from RMB 2,422,402 thousand in the previous year[3] - Gross profit for the same period was RMB 695,224 thousand, up 10.7% from RMB 628,182 thousand year-on-year[3] - The profit from continuing operations for the year was RMB 325,051 thousand, compared to RMB 269,764 thousand in the previous year, marking a 20.5% increase[3] - Basic and diluted earnings per share from continuing operations increased to RMB 4.04, up from RMB 3.35, reflecting a 20.6% growth[3] - Total comprehensive income for the year attributable to equity shareholders was RMB 319,285 thousand, compared to RMB 2,329,777 thousand in the previous year[4] - The company recorded a net profit of approximately RMB 325.1 million, a significant decrease from RMB 2,337.5 million last year, primarily due to the sale of the automotive business and valuation losses on investment properties[72] Revenue Breakdown - Revenue for the year ended March 31, 2024, was RMB 2,687,361,000, representing an increase of 11% from RMB 2,422,402,000 in 2023[16] - Sales of goods accounted for RMB 2,395,457,000, while service revenue was RMB 219,316,000, showing growth in both categories[16] - Revenue from external customers in mainland China and Hong Kong was RMB 1,319,664,000, an increase from RMB 1,206,597,000 in 2023[26] - The wholesale segment generated RMB 878,022,000 in revenue, contributing significantly to the overall performance[23] - The company reported a total segment revenue of RMB 2,763,339,000, up from RMB 2,485,538,000 in 2023[25] - The manufacturing and trading segment generated revenue of approximately RMB 1,442.9 million, up 12.3% from RMB 1,284.4 million last year, attributed to cost reductions through automation[75] - Retail business revenue decreased by 15.9% to approximately RMB 332.8 million from RMB 395.9 million last year, mainly due to a shift towards online shopping and e-commerce[76] - Wholesale business revenue increased by 23.9% to approximately RMB 878 million from RMB 708.5 million last year, driven by strong performance in alcoholic beverages and appliances[77] Assets and Liabilities - The group's net current assets increased significantly to RMB 1,800,374 thousand from RMB 543,419 thousand year-on-year[6] - Total assets less current liabilities rose to RMB 2,639,689 thousand, compared to RMB 2,363,539 thousand in the previous year[6] - Non-current assets decreased to RMB 839,315 thousand from RMB 1,820,120 thousand, indicating a significant reduction in long-term investments[6] - Trade receivables at the end of the reporting period totaled RMB 918,738,000, an increase from RMB 696,691,000 in the previous year[43] - Trade payables and other payables amounted to RMB 596,022,000, compared to RMB 506,662,000 in the previous year[44] - Bank and other loans totaled RMB 665,013,000, down from RMB 848,054,000 in the previous year[48] - The company’s bank financing was RMB 644,490,000, a decrease from RMB 756,000,000 in the previous year[51] - The contract liabilities at the end of the reporting period were RMB 71,832,000, down from RMB 88,791,000 in the previous year[45] Investment and Income - Investment income remained stable at RMB 33,680,000, compared to RMB 33,634,000 in the previous year[16] - Other income net amount for 2024 reached RMB 156,332,000, a significant increase from RMB 21,699,000 in 2023, primarily driven by government subsidies and property sales[28] - Investment income from the investment holding segment rose by 0.3% to approximately RMB 33.7 million from RMB 33.6 million last year[78] Costs and Expenses - Employee costs decreased to RMB 157,163,000 in 2024 from RMB 166,301,000 in 2023, indicating a reduction of about 5.5%[29] - The cost of inventory for 2024 was RMB 1,787,019,000, compared to RMB 1,642,437,000 in 2023, representing an increase of approximately 8.8%[32] - The total tax expense for 2024 was RMB 82,455,000, up from RMB 57,792,000 in 2023, reflecting a rise of approximately 42.6%[34] - Interest expenses on bank and other borrowings decreased to RMB 35,331,000 in 2024 from RMB 44,163,000 in 2023, a reduction of approximately 20.0%[29] Market and Business Segments - Manufacturing and trading became the most significant business segment, accounting for 53.7% of total revenue, while retail, wholesale, and investment holding contributed 12.4%, 32.7%, and 1.2% respectively[67] - Major markets include China, the United States, and Europe, contributing 97.3% of total revenue, with China accounting for 49.1% and the combined contribution from the U.S. and Europe at 48.2%[69] Future Outlook and Strategy - The company expects to recognize future revenue of RMB 774,000,000 from existing contracts with HVAC wholesale customers over the next 36 months[20] - The company remains cautiously optimistic about the profitability and growth of its manufacturing and trading business despite ongoing geopolitical tensions and inflationary pressures[81] - The company plans to optimize its retail operations and maintain stable growth in wholesale business by adapting to changing consumer behaviors and enhancing product offerings[82] - The company will continue to focus on developing and introducing new products to meet evolving customer needs and expand its customer base in existing and emerging markets[81] Dividends and Shareholder Returns - The company did not recommend a final dividend for the year ending March 31, 2024, compared to RMB 0 in the previous year[50] Valuation and Financial Health - The valuation of investment properties decreased to RMB 453,870,000 in 2024 from RMB 562,151,000 in 2023, a decline of about 19.3%[39] - The debt-to-equity ratio decreased from 40.9% as of March 31, 2023, to 27.8% as of March 31, 2024, mainly due to a reduction in bank loans by approximately RMB 185,600,000 during the year[54] - As of March 31, 2024, the company's net assets increased to approximately RMB 2,394,300,000, with a net asset value per share of RMB 29.8, primarily due to profits earned during the fiscal year[54]

Financial Performance - Total revenue for the six months ended September 30, 2023, was RMB 142,918,000, compared to RMB 8,233,000 for the same period in 2022, indicating a significant increase[3] - The group recorded a net profit of approximately RMB 293.2 million for the reporting period, a significant decrease from RMB 2,236.5 million in the same period last year, primarily due to the sale of the automotive business which generated a gain of approximately RMB 2,124.4 million last year[57] - Revenue from continuing operations was approximately RMB 1,334.3 million, representing a 4.4% increase compared to RMB 1,277.4 million in the same period last year[58] - Gross profit for the same period was RMB 373,214 thousand, up from RMB 344,085 thousand, reflecting a gross margin improvement[120] - Operating profit increased significantly to RMB 407,802 thousand, compared to RMB 239,250 thousand in the prior year, marking a growth of 70.6%[120] - Profit before tax rose to RMB 362,965 thousand, a 76.1% increase from RMB 205,961 thousand in the previous year[120] - The profit attributable to equity shareholders for the period was RMB 293,191 thousand, down from RMB 2,236,481 thousand, primarily due to the absence of profit from discontinued operations[120] - Total comprehensive income attributable to equity shareholders was RMB 286,281 thousand, a decrease from RMB 2,222,326 thousand in the previous year[137] Revenue Breakdown - The manufacturing and trading segment generated revenue of approximately RMB 708.9 million, a decrease of 5.7% from RMB 751.9 million in the previous year, attributed to intensified competition in overseas markets post-pandemic[80] - Retail business revenue decreased by 2.7% to approximately RMB 164.3 million, down from RMB 168.9 million in the previous year, mainly due to increased competition from e-commerce platforms and large chain supermarkets[80] - Wholesale business revenue increased by 34.1% to approximately RMB 448.7 million, up from RMB 334.5 million in the previous year, driven by collaboration with large real estate companies[80] - Revenue from sales of goods was RMB 1,192,126 thousand, up from RMB 1,169,297 thousand, reflecting a growth of 1.9% year-over-year[164] - The revenue from the manufacturing and trading segment was RMB 1,197,697,000, up from RMB 1,172,986,000 in the previous year, indicating a growth of about 2.1%[175] - The automotive sales segment reported revenue of RMB 1,302,362,000, an increase from RMB 1,237,254,000 year-over-year, which is a growth of about 5.3%[177] Expenses and Costs - Employee costs for the six months ended September 30, 2023, amounted to RMB 71,893,000, a decrease from RMB 75,333,000 in the same period of 2022, reflecting a reduction of approximately 4.8%[5] - The company incurred financial expenses of RMB 18,310 thousand, a reduction of 75% from RMB 73,418 thousand in the previous year[160] - Investment income decreased by 44.3% to approximately RMB 12.3 million, compared to RMB 22.1 million in the same period last year[81] - Investment income decreased to RMB 12,316 thousand from RMB 22,096 thousand, representing a decline of 44.5% year-over-year[164] Assets and Liabilities - As of September 30, 2023, the company's net assets increased to approximately RMB 2,361,300,000, with a net asset value per share of RMB 0.294[27] - The company reported trade payables of RMB 259,842,000 as of September 30, 2023, down from RMB 332,838,000 as of March 31, 2023[34] - The company has approximately RMB 160,500,000 in prepaid payments to suppliers as of September 30, 2023, with RMB 39,700,000 (24.7%) utilized and RMB 95,900,000 (59.8%) refunded[52] - Non-current assets as of September 30, 2023, totaled RMB 1,730,283 thousand, down from RMB 1,820,120 thousand as of March 31, 2023[138] - Current liabilities decreased to RMB 1,451,416 thousand from RMB 1,507,227 thousand, indicating improved liquidity management[138] Corporate Governance and Compliance - The company has adopted all provisions of the Corporate Governance Code, except for the separation of roles between the Chairman and CEO, which remains unfilled[97] - The company emphasizes transparency and accountability to enhance investor confidence, adhering to the Listing Rules[88] - The company has confirmed compliance with the standard code of conduct for securities trading by all directors during the reporting period[98] - The interim report for the 2023/2024 fiscal year will be published on the stock exchange and the company's website[99] - The company is actively seeking a suitable candidate for the CEO position, which is currently vacant[97] Future Outlook - The company expects that the automotive business will not fully recover by the end of 2023, leading to uncertainty in future performance[10] - The group aims to focus on developing and introducing new products to meet the evolving needs of different customer segments and expand its customer base in existing and emerging markets[60] - The group plans to optimize its retail business and expand its wholesale business by enhancing product displays and directly sourcing fresh food from suppliers to reduce costs[83] - The company is actively pursuing new investment opportunities and market expansion strategies to drive future growth[181] - The group is committed to ongoing research and development of new products and technologies to maintain competitive advantage in the market[181]

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 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。 LISI GROUP (HOLDINGS) LIMITED （於百慕達註冊成立之有限公司） （股份代號：526） 截至二零二三年九月三十日止六個月之中期業績公佈 及 委任聯席公司秘書 利時集團（控股）有限公司（「本公司」，連同其附屬公司，統稱為「本集團」）之董事 （「董事」）會（「董事會」）謹此宣佈，本集團截至二零二三年九月三十日止六個月（「報 告期」）之未經審核綜合業績連同去年同期之比較數字如下： 簡明綜合損益表 截至二零二三年九月三十日止六個月－未經審核 （以人民幣（「人民幣」）列示） 截至九月三十日止六個月 二零二三年 二零二二年 ...

Financial Performance - The company reported a profit from continuing operations of RMB 327,556 thousand for the year ending March 31, 2023, compared to RMB 295,727 thousand in the previous year, representing an increase of approximately 10.3%[52]. - The company experienced a significant profit from discontinued operations amounting to RMB 2,068,760 thousand, a turnaround from a loss of RMB 660,426 thousand in the previous year[52]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[117]. - For the fiscal year ending March 31, 2023, the group's revenue from continuing operations was approximately RMB 2,422,400,000, representing a 13.5% increase compared to the previous fiscal year[149]. - The net profit for the fiscal year was approximately RMB 269,800,000, up from RMB 237,200,000 in the previous year[149]. - The group recorded a significant improvement in net profit to approximately RMB 2,337,500,000, compared to a net loss of RMB 385,200,000 last year, primarily due to the sale of the automotive business[151]. Cash Flow and Liquidity - The company reported a net cash increase of RMB 132,645 thousand for the year, compared to a decrease of RMB 10,950 thousand in the previous year[28]. - Total cash and cash equivalents as of March 31, 2023, amounted to RMB 453,497 thousand, up from RMB 320,504 thousand a year earlier[28]. - The company generated cash from operations amounting to RMB 312,965 thousand, compared to RMB 150,911 thousand in the previous year, indicating a substantial increase of approximately 107.5%[52]. - The company reported a net cash inflow from operating activities of RMB 247,915 thousand, a significant increase from RMB 37,834 thousand in the previous year[52]. - The company incurred financing activity cash outflows of RMB 88,899 thousand, an improvement from RMB 176,759 thousand in the previous year[28]. Investments and Assets - The group held investment properties valued at approximately RMB 562,200,000, accounting for about 14.5% of the total assets[136]. - Financial products held by the group had a fair value of approximately RMB 803,800,000, representing about 20.8% of the total assets[136]. - The group has made prepayments to suppliers totaling approximately RMB 76,900,000 as of March 31, 2023[134]. - The group has invested in financial products provided by National Trust, with at least 80% of the related assets being deposits, bonds, and other debt investments[136]. Corporate Governance - The company plans to present a resolution to reappoint KPMG as auditors at the upcoming annual general meeting[2]. - The group has not engaged in any arrangements that would allow directors to benefit from purchasing shares or debt securities of the company or any other corporate body during the year[102]. - The board consists of six members, including three executive directors and three independent non-executive directors, with independent directors making up over one-third of the board, complying with listing rules[187]. - The remuneration committee's role includes proposing compensation policies for directors and senior management, ensuring no director sets their own remuneration[193]. - The group emphasizes high standards of corporate governance to ensure accountability and transparency to shareholders and stakeholders[181]. Market and Strategic Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[117]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[117]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[117]. - The group anticipates a stable recovery in the retail market and plans to expand its wholesale business through long-term partnerships with major real estate companies across China[149]. - The group aims to expand its customer base in existing and emerging markets to achieve sustainable growth and improve overall performance[154]. Risk Management and Credit Loss - The expected credit loss is measured based on the present value of all expected cash shortfalls, considering reasonable and supportable information[72]. - The group recognizes a loss allowance equal to 12 months of expected credit losses for all other financial instruments unless there is a significant increase in credit risk[75]. - The group assesses whether there has been a significant increase in credit risk based on external or internal credit ratings and market conditions[80]. - The expected credit loss for trade receivables and contract assets is measured based on the group's historical credit loss experience using a provision matrix, adjusted for specific factors related to debtors and the current and forecasted overall economic conditions as of the reporting date[94]. Operational Performance - The group plans to continue focusing on cost control measures and high-margin products to enhance business and financial performance[154]. - The manufacturing and trading segment reported a revenue increase, reflecting the group's strengthened customer base, with a steady growth in manufacturing business over recent years[154]. - Retail business revenue decreased by 6.4% to approximately RMB 395.9 million, down from RMB 422.9 million last year, primarily due to intense market competition from e-commerce and large chain supermarkets[154]. - Wholesale business revenue increased by 41.5% to approximately RMB 708.5 million, up from RMB 500.7 million last year, driven by significant growth in the electrical appliances segment, particularly air conditioning and heating[154].