2025年4月29日，莫高股份(600543.SH)发布2025年一季报。 公司最新总资产周转率为0.06次，在已披露的同业公司中排名第12，较去年同期总资产周转率减少0.02 次，同比较去年同期下降21.28%。最新存货周转率为0.31次，在已披露的同业公司中排名第8，较去年 同期存货周转率减少0.03次，同比较去年同期下降9.60%。 公司股东户数为2.50万户，前十大股东持股数量为1.33亿股，占总股本比例为41.39%，前十大股东持股 情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 甘肃省农垦集团有限责任公司 | 16.25% | | | 甘肃黄羊河农工商(集团)有限责任公司 | 13.31% | | A W N | 甘肃省农垦资产经营有限公司 | 6.13% | | | 陈惜如 | 1.09% | | ર | 甘肃莫高实业发展股份有限公司回购专用证券账户 | 1.03% | | 6 | 甘肃兴陇资本管理有限公司 | 1.02% | | 7 | 万福涛 | 0.69% | | | 李希明 | 0.65% | | 9 | 重燕明 | 0.61% ...

Financial Performance - For the fiscal year 2024, the company's revenue was RMB 635 million, a decrease of 14.2% compared to the previous year, while profit attributable to equity holders was RMB 43.7 million[7]. - The revenue from the automotive portal, Pacific Auto Network, decreased by 14.4% to RMB 553.1 million, accounting for 87.1% of total revenue[10]. - The revenue from the computer portal, Pacific Computer Network, decreased by 6.5% to RMB 63.4 million, representing 10.0% of total revenue[10]. - Other operating businesses' revenue fell by 28.5% to RMB 18.5 million, accounting for 2.9% of total revenue[11]. - Cost of revenue decreased by 23.0% to RMB 367.7 million, resulting in a gross margin increase from 35.5% to 42.1%[12]. - Selling and marketing expenses decreased by 25.1% to RMB 123.2 million, primarily due to reduced advertising and employee benefits expenses[13]. - Administrative expenses decreased by 9.0% to RMB 52 million, mainly due to lower employee costs and overall office expenses[14]. - Product development expenses decreased by 41.2% to RMB 36.7 million, attributed to reduced employee costs and general expenses in the R&D team[15]. - The profit attributable to equity holders for the year ended December 31, 2024, was RMB 43,700,000, compared to a loss of RMB 32,300,000 for the year ended December 31, 2023[21]. - The net impairment loss of financial assets for the year ended December 31, 2024, was RMB 20,200,000, an increase from RMB 1,700,000 for the year ended December 31, 2023[16]. - Other income decreased to RMB 12,200,000 for the year ended December 31, 2024, down from RMB 14,400,000 for the year ended December 31, 2023, primarily due to a reduction in rental income and government subsidies[17]. - The net financing income decreased by 23.3% to RMB 3,800,000 for the year ended December 31, 2024, from RMB 5,000,000 for the year ended December 31, 2023, mainly due to a decrease in bank interest income[19]. - Income tax expenses decreased to RMB 5,300,000 for the year ended December 31, 2024, compared to RMB 35,700,000 for the year ended December 31, 2023, primarily due to additional tax losses not recognized as deferred tax assets[20]. - As of December 31, 2024, the group had cash and short-term deposits totaling RMB 263,500,000, a slight decrease from RMB 271,800,000 as of December 31, 2023[22]. - The net cash generated from operating activities for the year ended December 31, 2024, was RMB 20,500,000, compared to RMB 16,500,000 for the year ended December 31, 2023[22]. Corporate Governance - The company has a strong governance framework, adhering to the principles of the corporate governance code as per the Hong Kong Stock Exchange[42]. - The board has established policies applicable to the group's business processes and development, ensuring transparency and accountability[42]. - The company has been compliant with the corporate governance code, except for the separation of the roles of Chairman and CEO[42]. - The board will continue to enhance corporate governance practices to meet statutory and professional standards[42]. - The management team has extensive experience in finance and operations, with key members holding qualifications from recognized institutions[38][39][40]. - The company has a diverse board with independent non-executive directors bringing over 40 years of experience in finance and investment banking[34][36]. - The company is focused on maintaining effective leadership and guidance for its business operations[42]. - The board is committed to reviewing governance practices regularly to align with the latest developments in the industry[42]. - The company has a dedicated audit committee to oversee financial reporting and compliance[34]. - The board of directors is responsible for the overall management and monitoring of the company, ensuring compliance with applicable laws and regulations[43]. - The board consists of at least three independent non-executive directors, representing at least one-third of the board[46]. - The company has a mechanism in place to ensure independent opinions and contributions are obtained for board decisions[48]. - The chairman and CEO roles are held by the same individual, Dr. Lin Huairen, which the board believes provides strong and consistent leadership[49]. - All directors are required to undergo training and continuous professional development to ensure they remain informed and capable[51]. - The company has adopted a set of conduct rules for directors trading in the company's securities, which meet or exceed the standards set by the listing rules[53]. - The board has reviewed its independence mechanisms and found them to be effectively implemented as of December 31, 2024[48]. - The company provides regulatory updates and training sessions for all directors to keep them informed of governance and compliance matters[52]. - The company has a three-year service agreement with all executive directors, with provisions for re-election at the annual general meeting[50]. - The board regularly reviews its structure to ensure it meets the evolving needs of the company[49]. - The board of directors held a total of 4 meetings, with all members present at each meeting[55]. - The Audit Committee reviewed the annual financial statements for the year ending December 31, 2023, and discussed the relevant accounting principles adopted by the group[60]. - The Compensation Committee recommended the distribution of discretionary bonuses to executive directors and reviewed the compensation schemes for directors and senior management[62]. - The Nomination Committee is responsible for reviewing the composition and development of the board and making recommendations for the appointment of directors[65]. Employee and Workforce Management - The company aims to maintain gender balance in its workforce, achieving an approximate 1:1 male-to-female ratio among employees[67]. - The company has adopted a board diversity policy to enhance its competitive advantage and will review the board's structure annually[66]. - The company has 7 board members, including 1 female member, and 2 out of 5 senior management members are female[67]. - The total number of employees at the end of the reporting period was 760, an increase from 749 in the previous year[157]. - The employee turnover rate for 2024 was 46%, down from 55% in 2023, indicating improved employee retention[171]. - The turnover rate for female employees decreased to 43.7% in 2024 from 50.4% in 2023, while for male employees it decreased to 48.7% from 60.2%[168]. - The average employee count during the reporting period was calculated based on the number of employees at the beginning and end of the period[169]. - The company employed 4% part-time employees, maintaining the same ratio as the previous year[157]. - The gender distribution of employees was balanced, with 381 males and 379 females, resulting in a ratio of approximately 1:1[164]. - The company implemented a zero-tolerance policy towards child and forced labor, ensuring compliance with relevant labor laws[154]. - The company actively engaged in employer branding to attract talent through various recruitment methods, including campus recruitment and employee referral programs[156]. - The company provided competitive compensation packages, including performance-based bonuses and stock options, to retain quality employees[172]. - The company adhered to all relevant regulations, including the Labor Law of the People's Republic of China, during the reporting period[175]. - The total number of employees trained during the reporting period was 538, representing 70.8% of the total workforce[194]. - The average training hours per employee decreased to 3.3 hours from 3.9 hours in the previous year[196]. - The percentage of trained employees in senior management was 5.4%, while middle management was 8.2%, and general staff was 86.4%[194]. - The training program for new employees includes monthly sessions covering company policies, corporate culture, and industry knowledge[190]. - The company has implemented an online training platform "Cloud Learning" since 2019, allowing employees to access training materials anytime[194]. - A total of 2,483 training hours were completed by employees in China during the reporting period[194]. - The training participation rate for male employees was 52.4% and for female employees was 47.6%[194]. - The company has established a comprehensive employee development policy to support continuous professional growth[182]. - There were no major work-related fatalities reported in the past three years[179]. - The company has set up various recreational facilities to promote employee well-being and work-life balance[177]. Environmental, Social, and Governance (ESG) Initiatives - The board acknowledges the importance of environmental, social, and governance (ESG) matters in enhancing the company's value and performance[95]. - The company has established a top-down ESG framework, with the board responsible for strategic goals and performance reviews[99]. - The audit committee is tasked with identifying and assessing ESG-related risks, ensuring effective risk management and internal control systems[95]. - The company emphasizes continuous communication with stakeholders to discuss and identify significant ESG issues and potential risks[96]. - The board regularly reviews and adjusts the significance of major ESG issues to ensure timely and reasonable relevance[96]. - The company aims to maintain consistency in reporting and calculation methods for meaningful comparisons over different periods[93]. - The report discloses the company's progress and achievements in ESG work for the year 2024, approved by the board on March 31, 2025[98]. - The company is committed to fostering a culture of environmental protection and social sustainability among its employees[95]. - The company has established a risk assessment framework focusing on environmental, social, and governance (ESG) risks, evaluating their potential financial impacts and frequency based on historical and current data[108]. - Stakeholder engagement is prioritized, with ongoing dialogues to incorporate their expectations into the company's ESG strategies and plans[109]. - The company has set up an ESG working group responsible for data collection, information disclosure, and communication of board decisions to employees[108]. - The company emphasizes the importance of employee compliance with ESG policies and encourages feedback on potential improvements[108]. - The company aims to enhance its ESG performance in response to diverse stakeholder expectations and emerging risks[119]. - Regular communication mechanisms are in place to manage stakeholder interactions and identify long-term ESG issues[115]. - The company is committed to environmental compliance, including investments in environmental protection and waste management[118]. - Employee training, health and safety protection, and diversity are key focus areas for the company[118]. - The company actively engages in community development and charitable donations as part of its corporate social responsibility initiatives[118]. Environmental Impact and Compliance - The company reported direct emissions of nitrogen oxides (NOx) at 2.03 kg in 2024, an increase of 25.4% from 1.62 kg in 2023[125]. - Sulfur oxides (SOx) emissions from company vehicles were 0.04 kg in 2024, up from 0.03 kg in 2023, reflecting a 33.3% increase[125]. - Total greenhouse gas emissions amounted to 1,664.38 tons CO2 equivalent in 2024, a decrease of 24% from 2,194.10 tons in 2023[127]. - The company achieved a reduction in energy indirect emissions to 1,539.39 tons CO2 equivalent per employee, down from 2,067.11 tons in 2023, representing a 25.6% decrease[127]. - The company planted a total of 227 trees, contributing to greenhouse gas removal efforts[129]. - Waste generation was reported at 616.80 tons in 2024, slightly increasing from 609.60 tons in 2023[132]. - The company has set a target to maintain energy indirect emissions at 2.32 tons CO2 equivalent per employee by 2025[130]. - The company has implemented internal waste reduction measures despite minimal waste generation[134]. - The company has complied with local environmental regulations, including waste classification in Shanghai[134]. - The company has not received any reports of serious violations of environmental laws during the reporting period[122]. - Energy consumption for 2024 was 3,954,975 kWh, a density of 5,203.91 kWh per employee, compared to 3,900,912 kWh and 5,208.16 kWh per employee in 2023[136]. - Water consumption increased to 26,734 tons in 2024, with a density of 35.18 tons per employee, up from 23,752 tons and 31.71 tons per employee in 2023[136]. - The company aims to maintain a water consumption density of 65.60 tons per employee over the next five years, implementing various water-saving measures[137]. - The company has adopted new energy vehicles and is phasing out its existing oil vehicle fleet to align with environmental protection goals[139]. - The company has established a "Low Carbon Green Office Guidelines" to integrate sustainable practices into daily operations[139]. - The company monitors energy consumption closely and implements corrective measures to meet environmental protection targets[139]. - The company has developed disaster recovery plans and conducts annual drills to mitigate risks from extreme weather events[147]. - The company is aware of climate change risks and opportunities, categorizing them into transitional and physical risks[146]. - The company promotes the use of recycling and waste management practices to minimize environmental impact[145]. Supplier and Customer Relations - The company has established a procurement process to enhance supply chain efficiency, with a total of 976 approved suppliers as of the reporting period, up from 744 in 2023[197]. - A comprehensive advertising compliance guideline has been implemented to ensure adherence to relevant laws, including the Advertising Law of the People's Republic of China[199]. - The company received and processed 64 third-party complaints during the reporting period, an increase from 60 in 2023, primarily related to potential misinformation and copyright infringement[200]. - A user experience enhancement program has been launched to gather consumer feedback through surveys and product trials, aimed at improving quality and understanding consumer needs[199]. - The company conducts due diligence on suppliers before contract signing to mitigate risks associated with procurement[197]. - The complaint handling mechanism is strictly enforced, with all stakeholder feedback considered crucial for service quality improvement[200]. - The company regularly reviews and updates its approved supplier list to maintain procurement quality[197]. - The content review process includes automated filtering, third-party platform reviews, and manual audits to prevent complaints[200]. - The company emphasizes the importance of quality improvement and consumer satisfaction for sustainable development[199]. - The company collaborates only with qualified suppliers that have no history of adverse business practices[197].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 635,039,000, a decrease of 14.2% compared to RMB 740,114,000 for the year ended December 31, 2023[5] - Gross profit increased to RMB 267,307,000, up 1.9% from RMB 262,699,000 in the previous year[5] - Operating profit for the year was RMB 45,173,000, a significant recovery from an operating loss of RMB 1,239,000 in the previous year[5] - Net profit attributable to equity holders of the company was RMB 43,735,000, compared to a net loss of RMB 32,336,000 in the previous year[5] - Basic and diluted earnings per share for the year were RMB 3.86, compared to a loss per share of RMB 2.85 in the previous year[5] - Total expenses for the year ended December 31, 2024, amounted to RMB 579,656 thousand, a decrease of 23.9% from RMB 761,425 thousand in 2023[30] - Employee benefits expenses decreased to RMB 189,134 thousand in 2024 from RMB 244,327 thousand in 2023, representing a reduction of 22.6%[30] - The company's profit attributable to equity holders for the year ended December 31, 2024, was RMB 43,735 thousand, a significant recovery from a loss of RMB 32,336 thousand in 2023[36] - Basic earnings per share for the year ended December 31, 2024, were RMB 3.86, compared to a loss of RMB 2.85 per share in 2023[36] Cash Flow and Liquidity - For the fiscal year ending December 31, 2024, the company reported operating cash flow of RMB 23,127,000, compared to RMB 2,249,000 in 2023, indicating a significant increase[10] - The net cash generated from operating activities was RMB 20,497,000 for 2024, a turnaround from a net cash outflow of RMB 16,518,000 in 2023[10] - Cash and cash equivalents at year-end were RMB 263,488,000, down from RMB 271,819,000[7] - The company experienced a net cash outflow from financing activities of RMB 49,606,000 in 2024, compared to RMB 114,171,000 in 2023, showing an improvement[10] - The company reported a significant increase in cash inflow from the redemption of investments, amounting to RMB 18,265,000 in 2024[10] - As of December 31, 2024, the group had total short-term deposits and cash of RMB 263,500,000, a decrease from RMB 271,800,000 as of December 31, 2023[67] - Net cash generated from operating activities in 2024 was RMB 20,500,000, compared to RMB 16,500,000 in 2023, reflecting a 24.2% increase[67] Revenue Breakdown - Revenue from the Pacific Automotive Network was RMB 553,126,000, while the Pacific Computer Network generated RMB 63,382,000 for the fiscal year 2024[25] - Approximately RMB 173,681,000 of revenue in 2024 was derived from a single external customer, accounting for over 10% of total revenue[29] - The revenue from the Pacific Automotive Network decreased by 14.4% to RMB 553,100,000, accounting for 87.1% of total revenue[55] - The revenue from the Pacific Computer Network decreased by 6.5% to RMB 63,400,000, representing 10.0% of total revenue[55] - Other operating businesses' revenue fell by 28.5% to RMB 18,500,000, contributing 2.9% to total revenue[56] Expenses and Cost Management - The company reported a significant reduction in selling and marketing expenses to RMB 123,225,000 from RMB 164,496,000, a decrease of 25.2%[5] - Selling and marketing expenses decreased by 25.1% to RMB 123,200,000, primarily due to reduced advertising and employee benefits expenses[58] - Administrative expenses decreased by 9.0% to RMB 52,000,000, mainly due to lower employee costs and overall office expenses[59] - Product development expenses decreased by 41.2% to RMB 36,700,000, attributed to reduced employee costs in the R&D team[60] - The net impairment loss on financial assets increased to RMB 20,200,000 from RMB 1,700,000 in the previous year, due to uncertainties in receivables[61] Assets and Liabilities - Total assets decreased to RMB 982,297,000 from RMB 1,046,142,000, reflecting a decline of 6.1%[7] - Total liabilities decreased to RMB 286,465,000 from RMB 343,363,000, a reduction of 16.6%[8] - Trade receivables (net of impairment) as of December 31, 2024, are RMB 341,959,000, down from RMB 407,168,000 in 2023, reflecting a decrease of approximately 15.9%[39] - Other receivables (net of impairment) decreased significantly to RMB 7,742,000 in 2024 from RMB 28,103,000 in 2023, representing a decline of about 72.5%[41] - The total accrued expenses and other payables as of December 31, 2024, are RMB 250,258,000, down from RMB 302,688,000 in 2023, indicating a decrease of about 17.3%[46] - The group’s financial asset investments decreased from RMB 31,106,000 in 2023 to RMB 25,594,000 in 2024, a reduction of approximately 17.6%[44] Dividend and Shareholder Returns - The company paid cash dividends of RMB 9,000 in 2024, a reduction from RMB 45,414,000 in 2023, indicating a strategic shift in dividend policy[10] - The proposed final dividend for the year ending December 31, 2024, is RMB 0.045 per share, an increase from RMB 0.040 per share in 2023[73] - The final dividend per share for the year ended December 31, 2023, is RMB 0.04, a decrease from RMB 0.10 in 2022, with total dividends paid amounting to RMB 45,414,000 compared to RMB 113,231,000 in the previous year[38] Corporate Governance - The audit committee, composed entirely of independent non-executive directors, reviewed the financial performance for the year ending December 31, 2024[78] - The board believes that the current leadership structure, with the chairman also serving as CEO, provides strong and consistent leadership for the group's business strategy[80]

Pacific Online Limited 太平洋網絡有限公司 中 期 報 告 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 股份代號:543 e Siz ote 目錄 N 用 請 ble a T 有 所 的 N TIO C E S C / A 2 | --- | |--------------------------| | | | 公司資料 | | 簡明綜合中期收益表 | | 簡明綜合中期全面收入報表 | | 簡明綜合中期資產負債表 | | 簡明綜合中期權益變動表 | | 簡明綜合中期現金流量表 | | 中期財務資料附註 | | 主席報告 | | 管理層討論及分析 | | | 3 4 5 7 8 9 27 28 其他資料 31 公司資料 A/C SECTION 的所有 Table 請用 Note S ize | --- | --- | |-------------------------------------------------------|--------------------------------------------------------------------------- ...

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was RMB 276,378 thousand, a decrease of 13.8% compared to RMB 320,782 thousand for the same period in 2023[1] - Gross profit increased to RMB 105,442 thousand, up 28.2% from RMB 82,277 thousand year-on-year[1] - Operating profit turned positive at RMB 10,428 thousand, compared to an operating loss of RMB 41,300 thousand in the previous year[1] - Net profit for the period was RMB 10,130 thousand, a significant recovery from a net loss of RMB 40,652 thousand in the same period last year[2] - Basic and diluted earnings per share for the period were RMB 0.89, compared to a loss per share of RMB 3.36 in the previous year[2] - Revenue from the Pacific Automotive Network was RMB 236,819,000, while the Pacific Computer Network generated RMB 28,135,000 for the six months ended June 30, 2024[14] - Revenue from Pacific Automotive Network decreased by 14.0% to RMB 236,800,000, accounting for 85.7% of total revenue[35] - Revenue from Pacific Computer Network decreased by 26.4% to RMB 28,100,000, representing 10.2% of total revenue[35] - Other operating businesses, including Pacific Parenting Network and Pacific Home Network, saw revenue increase by 57.7% to RMB 11,400,000, accounting for 4.1% of total revenue[35] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 926,674 thousand, down from RMB 1,046,142 thousand at the end of December 2023[4] - Total equity decreased to RMB 663,028 thousand from RMB 702,779 thousand at the end of December 2023[5] - Cash and cash equivalents were RMB 252,142 thousand, a decrease from RMB 271,819 thousand at the end of December 2023[4] - Trade receivables and other receivables showed a decline, with total current assets at RMB 633,324 thousand compared to RMB 740,324 thousand previously[4] - Accounts receivable, net of impairment provisions, decreased to RMB 343,869,000 as of June 30, 2024, from RMB 407,168,000 as of December 31, 2023, representing a decline of approximately 15.5%[27] - Other receivables decreased significantly to RMB 10,986,000 as of June 30, 2024, compared to RMB 28,103,000 as of December 31, 2023, indicating a reduction of about 60.0%[29] - Financial assets investment decreased to RMB 25,552,000 as of June 30, 2024, down from RMB 31,106,000 as of December 31, 2023, a decline of about 17.8%[30] - The company reported a total of RMB 223,093,000 in accrued expenses and other payables as of June 30, 2024, compared to RMB 302,688,000 as of December 31, 2023, indicating a decrease of approximately 26.3%[33] Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2024, was RMB 11,506,000, compared to RMB 8,691,000 for the same period in 2023, representing a year-over-year increase of 32.9%[8] - Net cash from operating activities for the six months ended June 30, 2024, was RMB 11,469,000, a significant recovery from a net cash outflow of RMB 10,075,000 in the same period of 2023[8] - The company reported a net cash inflow from investing activities of RMB 18,262,000, a substantial increase from RMB 3,633,000 in the same period of 2023[8] - Cash and cash equivalents decreased by RMB 18,731,000, compared to a decrease of RMB 120,151,000 in the same period of 2023, indicating improved cash management[8] - The company paid cash dividends of RMB 45,414,000 during the six months ended June 30, 2024, down from RMB 113,231,000 in the same period of 2023[8] - The company had no bank borrowings as of June 30, 2024, resulting in a debt-to-equity ratio of zero[46] - As of June 30, 2024, the group had no pledged bank deposits or other assets securing its bank financing[48] Expenses and Cost Management - Cost of revenue decreased by 28.3% to RMB 170,900,000, resulting in a gross margin of 38.2%[36] - Selling and marketing expenses decreased by 33.3% to RMB 53,700,000, primarily due to reduced advertising and employee costs[37] - Administrative expenses increased by 28.7% to RMB 27,900,000, mainly due to higher employee costs[38] - Product development expenses decreased by 49.7% to RMB 16,200,000, attributed to reduced employee costs and general expenses[39] Tax and Government Support - The company’s subsidiaries in China, including Guangzhou Pacific Computer, have successfully renewed their high-tech enterprise status, allowing them to benefit from a reduced corporate income tax rate of 15%[20] - The company expects to continue benefiting from tax incentives for its subsidiaries in China, assuming no changes in relevant laws and regulations[20] - Government subsidies received amounted to RMB 1,997,000 for the six months ended June 30, 2024, compared to RMB 2,494,000 in the same period of 2023[17] Employee and Corporate Governance - The group had 736 employees as of June 30, 2024, a decrease of 4.5% from 771 employees on December 31, 2023, due to internal restructuring and operational simplification[50] - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group, as well as matters related to auditing, risk management, and internal controls[52] - The board believes that the current structure, with the same individual serving as both Chairman and CEO, provides strong and consistent leadership beneficial to the group's business prospects[53]

Employee and Workforce Management - The company reported a total of 749 employees in China as of the end of the reporting period, a decrease from 900 employees in the previous year[28]. - The gender distribution of employees in 2023 was 378 females and 371 males, indicating a balanced workforce[29]. - The company emphasizes a commitment to fair and equal employment practices, adhering to various labor laws and regulations[17]. - The company provides competitive compensation packages, including year-end bonuses and stock options based on individual performance[24]. - The company has a structured recruitment process that includes campus recruitment and employee referrals to attract suitable talent[18]. - The company has achieved a gender balance in its workforce, with a male-to-female ratio of approximately 1:1 as of December 31, 2023[157]. - The compensation committee reviewed and proposed recommendations for the discretionary bonuses and salary schemes for executive directors and senior management[152]. - The board aims to appoint at least one female director by December 31, 2024, as part of its diversity policy[157]. Environmental Sustainability - The company has implemented a paperless office initiative to reduce excessive printing and promote environmental sustainability[4]. - The company has established waste management practices, including the promotion of recycling bins and proper electronic waste disposal[5]. - The company is actively monitoring regulatory trends to ensure compliance with the latest environmental laws and reporting requirements[13]. - The company is focused on enhancing employee awareness of environmental issues through initiatives like the "Low Carbon Green Office Movement"[6]. - The company ensures compliance with the Air Pollution Prevention and Control Law of the People's Republic of China regarding emissions and waste management[194]. - The company is committed to improving its environmental, social, and governance performance to meet stakeholder expectations[193]. Financial Performance - For the fiscal year 2023, the company's revenue was RMB 740.1 million, a decrease of 9.0% compared to the previous year[71]. - The loss attributable to equity holders was RMB 32.3 million for the fiscal year 2023[71]. - Total revenue for the group declined by 9.0% from RMB 813.7 million in 2022 to RMB 740.1 million in 2023[80]. - The group's gross profit margin decreased from 40.7% in 2022 to 35.5% in 2023, with revenue costs slightly reduced by 1.1%[82]. - Sales and marketing expenses decreased by 13.1% to RMB 164.5 million in 2023, primarily due to reduced advertising and employee benefits expenses[83]. - Administrative expenses decreased by 11.4% to RMB 57.1 million in 2023, mainly due to lower employee costs and overall office expenses[84]. - Financial asset impairment losses decreased by 89.9% to RMB 1.7 million in 2023, attributed to the collection of certain long-term receivables[87]. - The company plans to distribute a dividend of RMB 0.04 per share, reflecting confidence in future prospects despite short-term challenges[77]. - The company anticipates growth in the domestic smartphone market in 2024, driven by the launch of competitive new products[77]. - Other income for 2023 was RMB 14.4 million, down from RMB 15.6 million in 2022, mainly due to a decrease in input VAT deductions[89]. - The net loss attributable to equity holders for the year ended December 31, 2023, was RMB 32,300,000, compared to RMB 6,700,000 for the year ended December 31, 2022[93]. - As of December 31, 2023, the group had total short-term deposits and cash of RMB 271,800,000, down from RMB 400,000,000 as of December 31, 2022[95]. - The net cash used in operating activities for 2023 was RMB 16,500,000, compared to RMB 21,700,000 in 2022[95]. - The group reported no bank borrowings as of December 31, 2023, resulting in a debt-to-equity ratio of zero for both years[96]. - There were no significant acquisitions or disposals of subsidiaries and associates during the year ended December 31, 2023[97]. - The group had no pledged bank deposits or other assets for bank financing as of December 31, 2023[98]. - The overall foreign exchange risk is considered not significant as the group's operations are primarily conducted in China and most transactions are denominated in RMB[99]. Corporate Governance - The board of directors has maintained compliance with the listing rules regarding the appointment of at least three independent non-executive directors, constituting at least one-third of the board[127]. - The company has adopted the principles of the Corporate Governance Code as set out in the listing rules of the Hong Kong Stock Exchange[118]. - The board is responsible for the overall management and monitoring of the company, including approving strategic policies and plans to enhance shareholder value[124]. - The company has a diverse board composition, including independent non-executive directors with appropriate professional qualifications and financial management expertise[127]. - The company has implemented effective corporate governance practices to ensure transparency and accountability in its operations[118]. - The board regularly reviews its governance practices to ensure compliance with statutory and professional standards[119]. - The company has a strong management team with extensive experience in finance and operations, contributing to its strategic decision-making[113][115]. - The company is committed to maintaining a balance between business needs and the application of independent judgment by the board[128]. - The board has delegated a series of responsibilities to executive directors and senior management for the execution of board decisions and daily operations[124]. - The company has a structured approach to risk management and internal controls, ensuring the integrity of financial reporting[124]. - The company has established effective mechanisms to ensure the board receives independent opinions and input, allowing any director to seek independent professional advice at the company's expense[132]. - All independent non-executive directors have confirmed their independence as per the listing rules, and the board believes these mechanisms have been effectively implemented[132]. - The company has a three-year service agreement with all executive directors and independent non-executive directors, with a rotation policy requiring directors to retire at least every three years[133]. - The audit committee reviews financial statements and reports, ensuring the effectiveness of the external auditor's independence and the company's internal controls[142]. - The executive committee, composed of all executive directors, oversees the execution of strategic plans and operational matters of the group[147]. - The company encourages continuous professional development for directors, providing training sessions and relevant reading materials[134]. - The board has established four committees: executive committee, audit committee, remuneration committee, and nomination committee, each with defined responsibilities[140]. - The chairman and CEO roles are held by the same individual, which the board believes provides strong and consistent leadership for the group's business planning and decision-making[132]. - The company has adopted a set of behavioral codes for directors regarding securities trading, ensuring compliance with established standards[138]. - The board's attendance record shows full participation in meetings, indicating strong governance and oversight[144]. - The board has reviewed its corporate governance policies and practices to ensure compliance with legal and regulatory requirements[163]. Risk Management and Internal Controls - The company has a structured approach to risk management and internal controls, ensuring the integrity of financial reporting[124]. - The board is committed to maintaining effective risk management and internal control systems to achieve the company's strategic objectives[168]. - The company has confirmed that there are no significant uncertainties affecting its ability to continue as a going concern[165]. - The company has enhanced its ability to respond to significant changes in the nature and extent of business operations and external environment risks since the last annual review[170]. - The board confirmed that the company's risk management and internal control systems are adequate and effective based on the review results[176]. - The risk management system involves a top-down approach, engaging the board, audit committee, management, and key business unit heads[172]. - The company has established monitoring procedures to prevent unauthorized access and use of internal information[176]. - The board has highlighted the importance of understanding the reasons behind the auditor's qualified opinion due to limitations in the audit scope related to cryptocurrency investments[176]. - The total fees paid to external auditors for the year ended December 31, 2023, amounted to RMB 4,108,000, with RMB 3,670,000 for audit services and RMB 438,000 for non-audit services[195]. - External auditors will provide updates and training to the board at least biannually regarding new auditing procedures related to complex financial products[183]. - The company has implemented improvements based on review findings and plans to continue similar reviews in the coming years[176]. Shareholder Communication and Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance and strategies[199]. - The company has a dedicated website for shareholders and investors to access announcements, financial data, and other relevant information[199]. - The company secretary has completed no less than 15 hours of relevant professional training to update skills and knowledge during the year ended December 31, 2023[198]. - The board of directors encourages shareholders to provide feedback and attend annual general meetings to raise any concerns directly[199]. - The company maintains transparency and timely disclosure of company information to assist shareholders and investors in making informed investment decisions[199]. - The company has designated senior management to maintain regular dialogue with institutional investors and analysts to keep them informed of the group's developments[199]. - The company aims to enhance communication and relationships with shareholders and investors continuously[199].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 740,114 thousand, a decrease of 9.0% from RMB 813,728 thousand in 2022[4] - Gross profit for the same period was RMB 262,699 thousand, down 20.7% from RMB 331,126 thousand in the previous year[4] - Operating loss narrowed to RMB 1,239 thousand from a loss of RMB 15,963 thousand in 2022, indicating improved operational efficiency[4] - Net loss attributable to equity holders of the company was RMB 32,336 thousand, compared to a loss of RMB 6,654 thousand in the prior year, reflecting increased challenges[4] - The company reported a net financing income of RMB 5,003 thousand, down from RMB 12,951 thousand in 2022, indicating reduced financial performance[4] - The company’s basic and diluted loss per share was RMB 2.85, compared to RMB 0.59 in the previous year, reflecting increased losses per share[4] - The company reported a profit before income tax of RMB 3,764,000 for the year ended December 31, 2023, compared to a loss of RMB 3,012,000 in 2022[62] - The company reported a total loss of RMB 31,947,000 for the year ended December 31, 2023, compared to a loss of RMB 7,010,000 in the previous year, indicating a significant increase in losses[155] Assets and Equity - Total assets decreased to RMB 1,046,142 thousand from RMB 1,231,299 thousand, a decline of 15.1% year-over-year[5] - Total equity attributable to equity holders decreased to RMB 697,756 thousand from RMB 842,184 thousand, a decline of 17.2%[5] - Cash and cash equivalents fell to RMB 271,819 thousand from RMB 399,985 thousand, a decrease of 32.0%[5] - The group’s total assets for trade receivables (net of impairment) were RMB 407,168,000 as of December 31, 2023, compared to RMB 432,665,000 in 2022[68] - As of December 31, 2023, the company's equity investments and other investments totaled RMB 31,106,000, a decrease from RMB 31,847,000 in 2022[73] Revenue Breakdown - Revenue from the Pacific Automotive Network was RMB 646,381 million, while the Pacific Computer Network generated RMB 67,799 million[31] - Revenue from Pacific Automotive Network decreased by 5.5%, accounting for 87.3% of the group's total revenue[98] - Revenue from Pacific Computer Network fell by 30.8% to RMB 67.8 million, representing 9.2% of total revenue[102] - Revenue from other operating businesses decreased by 19.0% from RMB 32,000,000 to RMB 25,900,000, primarily due to a decline in overall consumption in those sectors[124] Expenses and Costs - Employee benefit expenses decreased to RMB 244,327,000 in 2023 from RMB 272,966,000 in 2022, representing a decline of approximately 10.5%[54] - Outsourced production costs increased to RMB 271,355,000 in 2023, up from RMB 239,912,000 in 2022, reflecting an increase of about 13.1%[54] - Total costs for revenue, sales and marketing, administrative expenses, and product development amounted to RMB 761,425,000 in 2023, down from RMB 801,400,000 in 2022, a decrease of approximately 5%[54] - Sales and marketing expenses decreased by 13.1% to RMB 164.5 million, primarily due to reduced advertising and employee benefits expenses[104] - Administrative expenses decreased by 11.4% from RMB 64,500,000 to RMB 57,100,000, mainly due to reduced employee costs and overall office expenses[127] Cash Flow and Financing - Operating cash flow from operating activities was RMB 2,249 million, a decrease from RMB 11,332 million[19] - Net cash used in operating activities was RMB (16,518) million, compared to RMB 21,737 million in the previous period[19] - The company reported a net financing cash outflow of RMB (114,171) million, compared to RMB (113,935) million in the previous period[19] - The company had no bank borrowings as of December 31, 2023, resulting in an asset-to-equity ratio of zero[132] Taxation - The effective income tax rate for the three years applicable from 2024 is 15% for certain subsidiaries, while others will be taxed at 25%[39] - The income tax expense for the year ended December 31, 2023, was RMB 35,700,000, an increase from RMB 4,000,000 in the previous year[143] - The company has not incurred any tax liabilities in Hong Kong for the year ended December 31, 2023, as there was no taxable income generated[59] Future Outlook and Strategy - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[4] - The company plans to integrate AI workflows and tools to enhance content generation efficiency and reduce costs[118] - The company aims to explore new marketing channels and improve online and offline integration to better target consumers[118] - The company anticipates market improvement in 2024, driven by the launch of competitive new products[100] Governance and Shareholder Returns - The board remains confident in the company's prospects despite acknowledging upcoming challenges, and has proposed a dividend of RMB 0.04 per share[159] - The proposed final dividend for the year ended December 31, 2023, is RMB 0.04 per share, totaling RMB 45,424,000, subject to shareholder approval[67] - The company emphasizes shareholder returns and considers factors such as profitability, cash flow, and future funding needs in its decision-making[159] - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[151]

ize 林懷仁 王大鑫 e 截至二零二三年六月三十日止六個月 ble 所 C / 7 A 的所有 Table S | --- | --- | --- | --- | |--------------------------------------------|-------|---------------------------------------------------------------|-------------------------| | | 附註 | 未經審核 \n截至六月三十日止六個月 \n二零二三年 \n人民幣千元 | 二零二二年 \n人民幣千元 | | | | | | | 經營活動所得現金流量 | | | | | 經營所得現金 | | 8,691 | 7,641 | | （已付所得稅）╱已收所得稅退款 | | (18,766) | 10,369 | | | | | | | 經營活動（所用）╱所得現金淨額 | | (10,075) | 18,010 | | | | | | | 投資活動所得現金流量 | | | | | 購買物業及設備 | | (1,020) | (1,760) | | | ...

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。 PACIFIC ONLINE LIMITED 太 平 洋 網 絡 有 限 公 司 （於開曼群島註冊成立之有限公司） 543 （股份代號： ） 截至二零二二年十二月三十一日止年度年報的 補充公告 茲提述太平洋網絡有限公司（「本公司」，連同其附屬公司統稱「本集團」）截至二零二 二年十二月三十一日止年度的年報（「二零二二年年報」）。除另有界定外，本公告內 所用詞彙應與二零二二年年報內所界定者具有相同涵義。 本公告旨在就二零二二年年報「企業管治報告 — 風險管理及內部控制」一節有關核 數師因加密貨幣投資的相關審計範圍限制而出具保留意見（「審計事宜」）的內容對二 零二二年年報提供補充資料。為避免日後發生與審計事宜相似的事宜，本公司已檢 討其目前所採取的內部控制，並計劃實施以下額外措施： 日後採取的額外內部控制措施 持續審查及評估該基金的投資 為解決下一財政年度的審計事宜，本公司計劃繼續每個季度對其於該基金的投資進 ...

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。 PACIFIC ONLINE LIMITED 太 平 洋 網 絡 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：543） 截至二零二三年六月三十日止六個月 中期業績公告 太平洋網絡有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（統稱為「本 集團」）截至二零二三年六月三十日止六個月的未經審核簡明綜合業績，連同上一年度相 應期間的比較數字如下： 簡明綜合中期收益表 截至二零二三年六月三十日止六個月 未經審核 截至六月三十日止六個月 二零二三年 二零二二年 附註 人民幣千元 人民幣千元 收入 4 320,782 368,781 收入成本 (238,505) (212,178) 毛利 82,277 156,603 ...