Revenue Performance - In the first half of 2023, the company's revenue from the high voltage direct current transmission sector decreased by approximately 27% compared to the same period in 2022[1]. - Revenue increased by approximately 9.4% to about RMB 459.5 million[53]. - Revenue from the power distribution sector was RMB 175,099 thousand for the six months ended June 30, 2023, with a gross margin of 39.8%, compared to RMB 166,499 thousand and a gross margin of 35.7% in the same period of 2022, showing a revenue increase of 5.4%[90]. - The group's revenue in the electrification transportation sector increased by approximately 6% compared to the same period in 2022[94]. - Revenue from the rail transportation segment reached RMB 31,293,000, reflecting a 45% increase from RMB 21,552,000 in the previous year[95]. - The electric vehicle segment saw a significant decline, with revenue dropping by 59% to RMB 5,700,000 from RMB 13,885,000[95]. - The group's revenue from self-developed IGBT in the energy storage sector grew by about 15% year-on-year[98]. - Total customer contract revenue from the sale of electronic power components was RMB 459,480,000, up from RMB 420,042,000 in the same period last year[101]. - Revenue from the foreign market increased by 59% to RMB 19,942,000, compared to RMB 12,518,000 in the prior year[126]. Profitability and Loss - The gross profit margin slightly decreased from approximately 27.5% in the first half of 2022 to about 27.0% in the first half of 2023[13]. - Gross profit rose by approximately 7.3% to about RMB 124.2 million[53]. - Loss attributable to equity holders of the parent company was approximately RMB 6.1 million, with a total comprehensive loss of about RMB 5.7 million[53]. - The company reported a pre-tax loss of RMB 6,088 thousand for the six months ended June 30, 2023, compared to a loss of RMB 7,149 thousand in the same period of 2022, indicating an improvement in performance[83]. - The group reported a basic loss per share based on a loss attributable to equity holders of RMB 6,088,000 for the period[108]. - The net loss margin improved from approximately -1.7% to -1.3% for the six months ended June 30, 2023[170]. Costs and Expenses - The company's sales cost increased by approximately 10.2% from about RMB 304.3 million in the first half of 2022 to about RMB 335.3 million in the first half of 2023, primarily due to increased revenue[12]. - Research and development costs rose by approximately 30.5% from about RMB 39.7 million in the first half of 2022 to about RMB 51.8 million in the first half of 2023, mainly due to increased R&D costs for self-produced IGBT and DC support capacitors[16]. - The total tax expense for the six months ended June 30, 2023, was RMB 8,412 thousand, compared to RMB 6,765 thousand in the same period of 2022, representing an increase of 24.3%[82]. - The group's administrative expenses rose by approximately 12.4% from about RMB 60.4 million to about RMB 67.9 million, mainly due to asset depreciation and an increase in personnel for self-produced IGBT[165]. Assets and Liabilities - Non-current assets totaled RMB 800.8 million, an increase from RMB 753.5 million[58]. - Current assets amounted to RMB 1,755.0 million, compared to RMB 1,743.1 million in the previous year[58]. - Total liabilities increased to RMB 230.2 million from RMB 173.8 million[59]. - The company reported a net asset value of RMB 1,901.997 million, slightly down from RMB 1,913.948 million[59]. - The company's capital debt ratio increased from about 7.6% as of December 31, 2022, to approximately 12.4% as of June 30, 2023[25]. - The current ratio decreased from approximately 4.3 as of December 31, 2022, to about 4.1 as of June 30, 2023, mainly due to increased bank borrowings[35]. Inventory and Receivables - The average inventory turnover days decreased from approximately 112 days as of December 31, 2022, to about 108 days as of June 30, 2023, mainly due to increased stock[22]. - The average turnover days for trade receivables increased from about 258 days as of December 31, 2022, to approximately 282 days as of June 30, 2023, primarily due to increased revenue[23]. - The total trade receivables as of June 30, 2023, were RMB 689,503 thousand, up from RMB 654,024 thousand as of December 31, 2022, reflecting an increase of approximately 5.4%[85]. - Trade receivables increased by approximately 7.5% from about RMB 798.2 million to about RMB 858.3 million, mainly due to revenue growth[141]. - The group's inventory increased by approximately 22.0% from about RMB 163.1 million to about RMB 199.0 million, primarily due to increased stocking[140]. Government Support and Future Outlook - The company has received various government subsidies related to its investments and technological advancements, which are recorded as deferred income in the financial statements[78]. - Government subsidies increased to RMB 12,109,000 from RMB 9,225,000, marking a growth of 31%[103]. - The company anticipates favorable market conditions in the second half of 2023, particularly in areas such as DC transmission, electric vehicles, and renewable energy generation, as new projects are expected to emerge[189]. Shareholder Actions - The company repurchased a total of 590,000 shares on the Hong Kong Stock Exchange, with a total purchase price (including related expenses) of approximately HKD 1,001,800[190]. - The company does not recommend the payment of any interim dividend for the six months ended June 30, 2023, due to a confirmed loss during this period[182]. - The group did not declare any dividends for the first half of 2023, consistent with the previous year[107].

Financial Performance - The pre-tax profit increased by approximately 6.3% from about RMB 366 million for the year ended December 31, 2021, to about RMB 389 million for the year ended December 31, 2022, mainly due to increased gains from forward foreign exchange contracts[3]. - The net profit margin rose from approximately 1.7% for the year ended December 31, 2021, to approximately 2.6% for the year ended December 31, 2022[4]. - The company's gross profit decreased by approximately 7.9% from about RMB 283.8 million for the year ended December 31, 2021, to about RMB 261.4 million for the year ended December 31, 2022, primarily due to a decrease in revenue and rising raw material prices[70]. - The company's revenue for the year ended December 31, 2022, was approximately RMB 917.8 million, a slight decrease of about 1.4% compared to 2021, primarily due to a significant decline of approximately 40% in the revenue from the power transmission and distribution sector[85]. - Other income and gains increased significantly by approximately 73.4% to about RMB 69.7 million for the year ended December 31, 2022, compared to RMB 40.2 million in 2021, primarily due to increased gains from forward foreign exchange contracts[122]. - Total comprehensive income attributable to owners of the parent increased by approximately 37.3% from about RMB 18.5 million for the year ended December 31, 2021, to about RMB 25.4 million for the year ended December 31, 2022, primarily due to increased gains from forward foreign exchange contracts[181]. Inventory and Trade Management - The average inventory turnover days decreased from about 147 days for the year ended December 31, 2021, to about 112 days for the year ended December 31, 2022, primarily due to a reduction in stock at the end of the period[5]. - Trade payables increased by approximately 37.7% to about RMB 250.8 million as of December 31, 2022, compared to RMB 182.1 million as of December 31, 2021, primarily due to account period management[129]. - Trade receivables and notes receivable increased by approximately 26.8% from about RMB 629.3 million as of December 31, 2021, to about RMB 798.2 million as of December 31, 2022, mainly due to slower collections affected by the pandemic[182]. - The average turnover days for trade payables and notes payable increased from approximately 102 days for the year ended December 31, 2021, to approximately 118 days for the year ended December 31, 2022, primarily due to account period management[183]. Debt and Capital Structure - Interest-bearing bank borrowings decreased by approximately 28.5% from about RMB 204.1 million as of December 31, 2021, to about RMB 146.0 million as of December 31, 2022, mainly due to adjustments in the capital structure[8]. - The capital debt ratio decreased from approximately 11.3% as of December 31, 2021, to about 7.6% as of December 31, 2022, mainly due to a reduction in the bank loan balance[131]. - Cash and cash equivalents increased by approximately 5.4% from RMB 587.2 million on December 31, 2021, to RMB 618.8 million on December 31, 2022, primarily due to net cash inflow from operating activities and increased financing during the period[154]. - As of December 31, 2022, cash and bank balances amounted to approximately RMB 429.0 million, down from RMB 485.8 million in the previous year[154]. Corporate Governance - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance by all directors for the year ended December 31, 2022[26]. - The board of directors consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and experience necessary for effective leadership and independent decision-making[27]. - The audit committee consists of three independent non-executive directors, ensuring adequate financial and accounting expertise[32]. - The company has established a nomination committee to oversee the nomination process for directors and ensure compliance with independence requirements[54]. - The company has a formal and transparent process for selecting and appointing directors, including succession planning[55]. - The company has made improvements in handling and disclosing insider information to prevent potential mishandling[44]. - The audit committee members are not former partners of the company's current external auditors, ensuring independence[32]. Research and Development - Research and development costs increased by approximately 7.1% to about RMB 90.1 million for the year ended December 31, 2022, mainly due to higher costs associated with self-produced IGBT development[147]. - The company emphasizes the importance of clean energy technology research and innovation as a driving force for sustainable development[74]. - The company is focused on core components and innovative technologies for the new energy industry chain, which is expected to maintain rapid growth in 2023[86]. Market and Product Development - In 2023, the company will focus on the market development of the i20 series 1700V IGBT chips and ST packaging modules, aiming to launch new products including automotive-grade HEEV and EVD packaged silicon carbide MOSFET modules within the year[74]. - The company has signed contracts with seven European and domestic customers for a total of 46 marine solid-state DC circuit breakers across 12 projects[69]. - The company's flexible DC transmission support capacitors became the first domestically produced products to be applied in bulk in the 220 kV Zhongbu-Tingshan flexible low-frequency transmission demonstration project[78]. - New product developments, such as the i20 series IGBT chips and integrated busbars, have received customer recognition and contributed to revenue growth exceeding RMB 10 million[101]. - Revenue from the electrification transportation sector surged by 119% to RMB 80.7 million in 2022, driven by strong demand for self-developed IGBT chips and modules[136]. Risk Management - The company has implemented strict internal control measures, including separation of incompatible duties and authorization controls, to enhance risk management[44]. - The board is responsible for the group's risk management and internal control systems, aiming to provide reasonable assurance against material misstatements[43]. - The company has completed a comprehensive annual audit of its internal control system, which includes an independent assessment of the effectiveness and adequacy of the risk management and internal control systems[62].

Financial Performance - Revenue decreased by approximately 1.4% to about RMB 917.8 million[3] - Gross profit decreased by approximately 7.9% to about RMB 261.4 million, with a gross margin reduction from approximately 30.5% to about 28.5%[3] - Profit attributable to equity holders of the parent was approximately RMB 24.0 million, with basic and diluted earnings per share of approximately RMB 1.47 and RMB 1.46, respectively[3] - Total comprehensive income for the year amounted to RMB 23.8 million, compared to RMB 21.4 million in the previous year[8] - The company reported a pre-tax profit of RMB 38.9 million, up from RMB 36.6 million in the previous year[10] - Other income and gains netted RMB 69.7 million, compared to RMB 40.2 million in the previous year[10] - The total comprehensive income attributable to equity holders of the parent was RMB 25.4 million, compared to RMB 18.5 million in the previous year[27] - The company reported a net asset value of RMB 1,913,948 thousand in 2022, up from RMB 1,799,553 thousand in 2021, which is an increase of 6.4%[30] - The total tax expense for the year 2022 was RMB 15,859,000, a decrease from RMB 18,072,000 in 2021, representing a reduction of approximately 6.5%[62] - The company's net profit attributable to owners increased significantly by approximately 54.8% to about RMB 24.0 million for the year ended December 31, 2022, compared to approximately RMB 15.5 million for the previous year, mainly due to increased gains from forward foreign exchange contracts[174] Revenue Sources - The company generated 96% of its revenue from sales of electronic power components in mainland China[24] - Revenue from the sale of electronic power components reached RMB 917,780 thousand in 2022, with no prior year comparison provided[36] - The revenue from the domestic market in 2022 was RMB 880,293,000, with a gross margin of 27%, compared to RMB 910,550,000 and a gross margin of 30% in 2021, indicating a decline in both revenue and margin[75] - The revenue from the foreign market increased to RMB 37,487,000 in 2022, with a gross margin of 53%, compared to RMB 20,442,000 and a gross margin of 58% in 2021, showing growth in revenue but a decrease in margin[75] - The revenue from the railway transportation sector increased due to the higher procurement volume of freight electric locomotives by China National Railway Group, compared to 2021[83] - The revenue in the industrial and other sectors grew in 2022, driven by favorable market conditions in electrical equipment and new energy power generation, compared to 2021[86] - The company's revenue from the industrial and other sectors reached RMB 476,901 thousand in 2022, a 43% increase from RMB 334,418 thousand in 2021[111] - The revenue from electrical equipment in 2022 was RMB 341,682 thousand, reflecting a 57% increase from RMB 218,200 thousand in 2021[111] - The company achieved significant growth in the railway transportation sector due to the mass delivery of the self-developed i20 series 1200V IGBT chips and ED packaged IGBT modules[109] Costs and Expenses - Gross profit margin decreased from approximately 30.5% for the year ended December 31, 2021, to about 28.5% for the year ended December 31, 2022, primarily due to a reduction in the proportion of high-margin products and rising raw material prices[119] - The cost of goods sold was RMB 656,379 thousand in 2022, compared to RMB 647,178 thousand in 2021, showing a slight increase of 1.9%[38] - Research and development costs increased to RMB 90.1 million from RMB 84.1 million in the previous year[10] - Interest expenses on bank loans decreased to RMB 7,283 thousand in 2022 from RMB 9,932 thousand in 2021, a reduction of 26.7%[39] - The impairment loss for trade receivables increased to RMB 5,016,000 from a gain of RMB 865,000 in the previous year[50] Assets and Liabilities - Total assets less current liabilities increased to RMB 2,087,754 thousand in 2022, up from RMB 1,978,213 thousand in 2021, representing a growth of 5.5%[30] - Non-current assets totaled RMB 753,542 thousand in 2022, compared to RMB 717,623 thousand in 2021, reflecting an increase of 5%[30] - Trade receivables and notes receivable rose to RMB 798,243 thousand in 2022, up from RMB 629,345 thousand in 2021, indicating a significant increase of 27%[30] - The company’s total current liabilities amounted to RMB 408,869 thousand in 2022, compared to RMB 398,928 thousand in 2021, reflecting a slight increase of 2.4%[30] - The company’s trade payables and notes payable totaled RMB 250,837,000 in 2022, up from RMB 182,092,000 in 2021, reflecting an increase of approximately 37.5%[74] - Cash and cash equivalents increased to RMB 618,768 thousand in 2022 from RMB 587,176 thousand in 2021, marking a growth of 5.3%[30] - Cash and bank balances as of December 31, 2022, were approximately RMB 429.0 million, down from about RMB 485.8 million as of December 31, 2021[128] - The current ratio increased from approximately 4.2 as of December 31, 2021, to about 4.3 as of December 31, 2022, primarily due to the increase in accounts receivable[178] - The capital debt ratio decreased from approximately 11.3% as of December 31, 2021, to about 7.6% as of December 31, 2022, mainly due to a reduction in bank loan balances[179] Market Expansion and Innovation - The company has initiated construction on the Jinshang-Hubei ±800KV UHVDC project in 2023, with several other projects expected to commence, indicating ongoing market expansion efforts[80] - The company actively expanded its overseas market, with revenue from foreign markets increasing in 2022, primarily due to higher sales of marine solid-state DC circuit breakers[113] - The company emphasized technological innovation and R&D, successfully passing multiple customer tests for the i20 series 1200V IGBT chips and receiving bulk orders in 2022[115] - The company launched the i20 series 1700V IGBT chips and d20 diode chips in January 2023, along with progress in developing two vehicle-grade silicon carbide modules[134] - The company is positioned to capitalize on favorable market conditions for high voltage direct current (HVDC) projects, with several projects expected to commence within the year[184] Governance and Compliance - The company has adopted the corporate governance code as per the Listing Rules Appendix 14 and has complied with all applicable provisions for the year ended December 31, 2022[188] - The board does not recommend the payment of any final dividend for the year ended December 31, 2022, consistent with the previous year[191] - The company has established a credit control department to minimize credit risk associated with trade receivables[47] - The group endorsed receivables with a face value of RMB 17,750,000 to certain suppliers, an increase from RMB 11,369,000 in the previous year, to settle trade payables[199]

中期報告 SUN.KING TECHNOLOGY GROUP CHIE 賽晶科技集團有限公司 (於開曼群島註冊成立之有限公司) 股份代號：580 目錄 | --- | --- | |-------|----------------------------------| | | | | 2 | 公司資料 | | 3 | 主席報告 | | 4 | 管理層討論及分析 | | 11 | 其他資料 | | 17 | 獨立審閱報告 | | 18 | 中期簡明綜合損益及其他全面收益表 | | 19 | 中期簡明綜合財務狀況表 | | 21 | 中期簡明綜合權益變動表 | | 22 | 中期簡明綜合現金流量表 | | 24 | 中期簡明綜合財務資料附註 | - 1 - 賽晶科技集團有限公司 二零二二年中期報告 公司資料 | --- | --- | |-----------------------------------------------------------------------------------------------------|-------------------------------------- ...

Annual Report 年報 Annual Report 2021 年報 (incorporated in the Cayman lslands with limited liability) Stock Code: 580 (於開曼群島註冊成立之有限公司) 股份代號 : 580 | --- | --- | |-------|--------------------------| | | 目錄 | | 2 | 公司資料 | | 3 | 主席報告 | | 5 | 管理層討論及分析 | | 12 | 董事及高級管理層履歷 | | 16 | 企業管治報告 | | 24 | 董事會報告 | | 35 | 獨立核數師報告 | | 39 | 綜合損益及其他全面收益表 | | 40 | 綜合財務狀況表 | | 42 | 綜合權益變動表 | | 43 | 綜合現金流量表 | | 45 | 財務報表附註 | | 112 | 五年財務概要 | 1 賽晶科技集團有限公司 二零二一年年報 公司資料 | --- | --- | |--------------------------------------------------- ...

中期報告 SUN.KING TECHNOLOGY GROUP UNTED 賽晶科技集團有限公司 (於開曼群島註冊成立之有限公司) 股份代號：580 目錄 | --- | --- | |-------|----------------------------------| | | | | 2 | 公司資料 | | 3 | 主席報告 | | 4 | 管理層討論及分析 | | 10 | 其他資料 | | 17 | 獨立審閱報告 | | 18 | 中期簡明綜合損益及其他全面收益表 | | 19 | 中期簡明綜合財務狀況表 | | 21 | 中期簡明綜合權益變動表 | | 22 | 中期簡明綜合現金流量表 | | 24 | 中期簡明綜合財務資料附註 | - 1 - 賽晶科技集團有限公司 二零二一年中期報告 公司資料 | --- | --- | |-------------------------------------------------------------------------------------------|----------------------------------------------- ...

502 報 SUN.KING TECHNOLOGY GROUP UST 賽晶科技集團有限公司 股份代號：580 (於開曼群島註冊成立之有限公司) | --- | --- | |-------|--------------------------| | | 目錄 | | 2 | 公司資料 | | 3 | 主席報告 | | 5 | 管理層討論及分析 | | 12 | 董事及高級管理層履歷 | | 16 | 企業管治報告 | | 25 | 環境、社會及管治報告 | | 33 | 董事會報告 | | 45 | 獨立核數師報告 | | 50 | 綜合損益及其他全面收益表 | | 51 | 綜合財務狀況表 | | 53 | 綜合權益變動表 | | 54 | 綜合現金流量表 | | 56 | 財務報表附註 | | 128 | 五年財務概要 | 1 賽晶科技集團有限公司 二零二零年年報 公司資料 | --- | --- | |------------------------------------------------------------|---------------------------------------- ...

Sun.King Power Electronics Group Limited 賽晶電力電子集團有限公司 ( 於開曼群島註冊成立之有限公司 ) 股份代號：580 二零二零年中期報告 目錄 | --- | --- | |-------|----------------------------------| | | | | 2 | 公司資料 | | 3 | 主席報告 | | 4 | 管理層討論及分析 | | 11 | 其他資料 | | 17 | 獨立審閱報告 | | 18 | 中期簡明綜合損益及其他全面收益表 | | 19 | 中期簡明綜合財務狀況表 | | 21 | 中期簡明綜合權益變動表 | | 22 | 中期簡明綜合現金流量表 | | 24 | 中期簡明綜合財務資料附註 | - 1 - 賽晶電力電子集團有限公司 二零二零年中期報告 公司資料 | --- | --- | |------------------------------------------------------------------------------------------------------------|---------- ...

二零一九年年報 Annual Report 2019 ai15858868541_Sun King Power AR19 cover.pdf 1 3/4/2020 下午12:07 目錄 | 2 | 公司資料 | | --- | --- | | 3 | 主席報告 | | 5 | 管理層討論及分析 | | 13 | 董事及高級管理層履歷 | | 17 | 企業管治報告 | | 26 | 環境、社會及管治報告 | | 34 | 董事會報告 | | 48 | 獨立核數師報告 | | 53 | 綜合損益及其他全面收益表 | | 54 | 綜合財務狀況表 | | 56 | 綜合權益變動表 | | 57 | 綜合現金流量表 | | 59 | 財務報表附註 | | 134 | 五年財務概要 | 1 賽晶電力電子集團有限公司 二零一九年年報 公司資料 執行董事 項頡先生 （董事會主席） 龔任遠先生 （首席執行官） 岳周敏先生 非執行董事 獨立非執行董事 陳世敏先生 張學軍先生 梁銘樞先生 趙航先生 授權代表 岳周敏先生 何麗娜女士 審核委員會 陳世敏先生 （審核委員會主席） 朱明先生 張學軍先生 梁銘樞先生 薪酬委員會 梁銘樞 ...

二零一九年中期報告 Interim Report 2019 Interim Report 2019 年中期報告 目錄 岳周敏先生 何麗娜女士 - 1 - 賽晶電力電子集團有限公司 二零一九年中期報告 2 公司資料 3 主席報告 5 管理層討論及分析 15 其他資料 22 獨立審閱報告 23 中期簡明綜合損益及其他全面收益表 24 中期簡明綜合財務狀況表 26 中期簡明綜合權益變動表 27 中期簡明綜合現金流量表 29 中期簡明綜合財務資料附註 公司資料 執行董事 項頡先生 （董事會主席） 龔任遠先生 （首席執行官） 岳周敏先生 非執行董事 顏甫全先生 朱明先生 張靈女士 獨立非執行董事 陳世敏先生 張學軍先生 梁銘樞先生 趙航先生 授權代表 審核委員會 陳世敏先生 （審核委員會主席） 張學軍先生 梁銘樞先生 朱明先生 薪酬委員會 梁銘樞先生 （薪酬委員會主席） 陳世敏先生 趙航先生 張學軍先生 提名委員會 張學軍先生 （提名委員會主席） 龔任遠先生 陳世敏先生 投資委員會 顏甫全先生 （投資委員會主席） 項頡先生 張學軍先生 梁銘樞先生 陳世敏先生 張靈女士 公司秘書 何麗娜女士 法律顧問 樂博律師事務所有限 ...