Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

Financial Performance - The group's revenue for the six months ended December 31, 2024, was approximately RMB 116,273,000, an increase of about 60.30% compared to RMB 72,536,000 for the same period in 2023[1]. - Operating profit for the six months ended December 31, 2024, was approximately RMB 15,824,000, compared to an operating loss of approximately RMB 5,667,000 for the same period in 2023[1]. - Net profit attributable to the company's owners for the six months ended December 31, 2024, was approximately RMB 15,810,000, compared to a loss of approximately RMB 5,680,000 for the same period in 2023[1]. - Basic and diluted earnings per share for the six months ended December 31, 2024, were RMB 1.52[1]. - Gross profit for the six months ended December 31, 2024, was RMB 45,479,000, compared to RMB 18,154,000 for the same period in 2023[5]. - The group reported a pre-tax profit of RMB 18,131,000 for the six months ended December 31, 2024, up from RMB 17,247,000 in 2023, indicating an increase of about 5.1%[21]. - Basic earnings per share for the period were RMB 15,810,000, compared to a loss of RMB 5,680,000 for the same period in 2023, marking a significant turnaround[29]. - The automation instruments and technology products segment reported a profit of approximately RMB 26,118,000, recovering from a loss of RMB 1,487,000 in the previous year[52]. Cash Flow and Liquidity - The company reported a net cash balance of RMB 1,440,978,000 as of December 31, 2024[10]. - Operating cash flow for the six months ending December 31, 2024, was RMB 23,299 thousand, a significant improvement from a cash outflow of RMB 9,324 thousand in the same period last year[14]. - The company reported a net increase in cash and cash equivalents of RMB 23,976 thousand for the six months ending December 31, 2024, compared to a decrease of RMB 35,025 thousand in the same period last year[14]. - The company maintains a strong liquidity position with cash and cash equivalents amounting to approximately RMB 1,440,978,000 as of December 31, 2024[66]. - The debt-to-equity ratio was approximately 0.06, indicating a low level of financial leverage[69]. - The company has no bank loans as of December 31, 2024, maintaining a conservative financial management approach[67]. Assets and Liabilities - Total assets less current liabilities as of December 31, 2024, were RMB 1,724,578,000[10]. - Total assets as of December 31, 2024, amounted to RMB 1,801,729,000, up from RMB 1,780,518,000 as of June 30, 2024, reflecting an increase of 1.2%[34]. - Total liabilities increased to RMB 95,316,000 from RMB 89,830,000, marking an increase of 6.0%[36]. - The company’s total equity as of June 30, 2024, was RMB 1,690,688 thousand, down from RMB 1,720,592 thousand at the beginning of the period[12]. - The company’s total assets as of June 30, 2024, were RMB 1,690,688 thousand, reflecting a decrease from the previous reporting period[12]. Dividends and Shareholder Returns - The board of directors did not recommend any interim dividend for the six months ended December 31, 2024, consistent with the same period in 2023[1]. - No dividends were declared or proposed for the six months ended December 31, 2024, consistent with the previous year[44]. - The company has adopted a share option scheme allowing for the grant of options totaling 103,750,000 shares, representing 10% of the issued shares as of the report date[83]. Research and Development - Research and development expenses recognized as costs were RMB 1,793,000 for the six months ended December 31, 2024, compared to RMB 1,690,000 in 2023, reflecting an increase of approximately 6.1%[24]. - The company has allocated HKD 238 million for R&D activities, of which HKD 207 million has been utilized[72]. Market and Strategic Outlook - The company continues to focus on the development and production of high-precision industrial automation instruments, despite challenges in the macroeconomic environment[50]. - Future growth is expected to be supported by government policies promoting digital upgrades in the equipment sector, particularly in the process industries[58]. - The company has no major expansion plans due to global market instability, indicating a cautious approach to future development[55]. - The company will continue to monitor industry developments and review its business expansion plans regularly[78]. Governance and Compliance - The audit committee reviewed the unaudited interim results for the six months ended December 31, 2024, and confirmed compliance with relevant accounting standards and regulations[105]. - The company has adhered to all significant provisions of the Corporate Governance Code, with noted deviations regarding the roles of the Chairman and CEO for efficiency reasons[95][96]. - The remuneration committee consists of four independent non-executive directors, responsible for recommending remuneration policies for directors and senior management[102]. - The nomination committee has been established since 2008, reviewing the board's structure and diversity at least annually[103]. - Management provided updates to the board every six months instead of monthly, which was deemed sufficient for performance monitoring[97]. - The company has adopted a standard code for securities trading by directors, ensuring compliance throughout the reporting period[98][99]. Other Financial Information - The company experienced a foreign exchange loss of RMB 4,709,000 during the period, compared to a loss of RMB 19,573,000 in the same period of 2023[8]. - The company recognized contract revenue primarily generated in China, with total contract revenue for the six months ending December 31, 2024, amounting to RMB 116,273 thousand[19]. - The company’s investment activities resulted in a cash outflow of RMB 1,247 thousand for the six months ending December 31, 2024, compared to a cash outflow of RMB 28,645 thousand in the previous year[14]. - The company’s financing activities resulted in a cash outflow of RMB 570 thousand for the six months ending December 31, 2024, compared to a cash inflow of RMB 2,944 thousand in the same period last year[14]. - The company has no significant investments or acquisitions of subsidiaries, associates, or joint ventures during the period[73][74]. - There are no major contingent liabilities or capital commitments as of December 31, 2024[81][80]. - The company has no foreign exchange hedging instruments in place and does not expect significant impact from currency fluctuations on its operating performance[79]. - As of December 31, 2024, the company has no assets pledged as collateral[76]. - As of December 31, 2024, Capital Research and Management Company holds 83,390,000 shares, representing approximately 8.04% of the total issued share capital of 1,037,500,000 shares[89]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[94].

Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 116,273,000, representing an increase of 60.2% compared to RMB 72,536,000 for the same period in 2023[4] - Gross profit for the same period was RMB 45,479,000, up 150.1% from RMB 18,154,000 in 2023[4] - Operating profit for the six months was RMB 15,824,000, a significant recovery from an operating loss of RMB 5,667,000 in the previous year[4] - Net profit attributable to the owners of the company was RMB 15,810,000, compared to a loss of RMB 5,680,000 in the same period last year[4] - Basic and diluted earnings per share for the period were RMB 1.52, compared to a loss per share of RMB 0.55 in 2023[4] - The group reported customer contract revenue of RMB 116,273 thousand for the six months ended December 31, 2024, compared to RMB 72,536 thousand for the same period in 2023, representing an increase of 60.2%[19] - The group recorded a pre-tax profit of RMB 18,131 thousand for the six months ended December 31, 2024, compared to RMB 17,247 thousand for the same period in 2023, indicating an increase of 5.1%[21] - The company reported a total comprehensive income before tax of RMB 15,810,000, contrasting with a loss of RMB 5,680,000 in the previous year[36] Cash Flow and Liquidity - Cash generated from operating activities was RMB 23,299,000, a turnaround from cash used of RMB 9,324,000 in the previous year[14] - The company reported a net increase in cash and cash equivalents of RMB 23,976,000 for the period, compared to a decrease of RMB 35,025,000 in the previous year[14] - The company maintained a strong cash position with bank balances and cash totaling RMB 1,440,978,000 as of December 31, 2024[8] - The company maintained a strong liquidity position, with cash and cash equivalents amounting to approximately RMB 1,440,978,000 as of December 31, 2024[61] - The company has no bank borrowings as of December 31, 2024, maintaining a debt-free status[63] Assets and Equity - Total assets as of December 31, 2024, were RMB 1,724,578,000, compared to RMB 1,709,004,000 as of June 30, 2024[8] - The company’s total equity increased to RMB 1,706,413,000 from RMB 1,690,688,000 as of June 30, 2024[10] - The total equity attributable to owners increased by approximately RMB 15,725,000 to RMB 1,706,413,000 as of December 31, 2024[64] - As of December 31, 2024, the company's debt-to-equity ratio is approximately 0.06, up from 0.05 as of June 30, 2024[65] Expenses and Costs - The cost of sales and services for the six months ended December 31, 2024, was RMB 70,794 thousand, up from RMB 54,382 thousand in 2023, marking an increase of 30.3%[24] - The group incurred research and development expenses of RMB 1,793 thousand for the six months ended December 31, 2024, compared to RMB 1,690 thousand in 2023, reflecting an increase of 6.1%[24] - Employee costs (excluding directors' remuneration) for the period are approximately RMB 18,131,000, compared to RMB 17,247,000 for the six months ended December 31, 2023[70] Segment Performance - Reportable segment revenue for the automation instruments and technology products reached RMB 116,273,000, a significant increase from RMB 72,536,000 in the previous year, representing a growth of approximately 60%[34] - The adjusted operating profit for the automation instruments and technology products segment was RMB 26,118,000, compared to a loss of RMB 1,487,000 in the previous year[34] - The automation instruments and technology products segment generated a profit of approximately RMB 26,118,000, a significant improvement from a loss of RMB 1,487,000 in the previous year[49] Tax and Compliance - The group did not recognize any tax provision in Hong Kong for both periods due to no taxable profits generated[26] - The group expects no significant impact from the newly issued accounting standards on current or future reporting periods[19] - The Audit Committee reviewed the unaudited interim results for the six months ended December 31, 2024, and confirmed compliance with relevant accounting standards and regulations[92] - The interim financial report will be published on the Hong Kong Stock Exchange website and the company's website, ensuring all required information is disclosed to shareholders[93] Other Information - The company did not declare any dividends for the six months ended December 31, 2024, nor for the same period in 2023[45] - The company has no major investments or acquisitions of subsidiaries, associates, or joint ventures during the period[68][69] - There are no significant contingent liabilities as of December 31, 2024[76] - The company has no capital commitments that have not been provided for in the interim financial report as of December 31, 2024[75] - The company has not utilized any financial instruments to hedge foreign exchange risks during the period[74] - The employee headcount as of December 31, 2024, is 445, an increase from 436 as of June 30, 2024[70] - The company has adopted a share option scheme allowing for the grant of options totaling 103,750,000 shares, representing 10% of the issued shares as of the announcement date[78]

Financial Performance - The company's revenue for the fiscal year ending June 30, 2024, was approximately RMB 139,203,000, a decrease of 1.6% compared to RMB 141,536,000 in the previous year[2]. - Operating loss increased to RMB 33,236,000, representing a 52.9% rise from RMB 21,734,000 in the prior year[2]. - Loss attributable to shareholders was RMB 32,735,000, up 44.3% from RMB 22,692,000 year-on-year[2]. - The basic and diluted loss per share was RMB 3.16, compared to RMB 2.19 in the previous year, marking a 44.3% increase[2]. - The net asset value decreased to RMB 1,690,688,000, down 1.7% from RMB 1,720,592,000 year-on-year[2]. - The company's revenue for the year was approximately RMB 139,203,000, a decrease of about 1.6% compared to RMB 141,536,000 in the previous year, primarily due to reduced demand in certain downstream markets and increased competition in the automation and watch instrument sectors[12]. - Gross profit for the year was approximately RMB 35,026,000, slightly up from RMB 34,994,000 in the previous year, attributed to changes in product mix and production improvements despite rising material costs[13]. - The operating loss for the year was approximately RMB 33,236,000, compared to RMB 21,734,000 in the previous year, influenced by a decline in sales and property impairment losses[13][14]. - The loss attributable to shareholders for the year was approximately RMB 32,735,000, compared to RMB 22,692,000 in the previous year[15]. - Basic and diluted loss per share for the year was RMB 3.16, compared to RMB 2.19 in the previous year[16]. - As of June 30, 2024, the company's cash and cash equivalents amounted to approximately RMB 1,417,002,000, down from RMB 1,444,580,000 in the previous year[17]. - The total equity attributable to shareholders decreased by approximately RMB 29,904,000 to about RMB 1,690,688,000 as of June 30, 2024[19]. Segment Performance - Sales from the automation instruments and technology products segment were approximately RMB 139,081,000, accounting for 99.9% of total revenue, a slight decrease from RMB 140,945,000 in the previous year[8]. - The segment reported a loss of RMB 14,009,000, compared to a loss of RMB 13,236,000 in the previous year, primarily due to reduced market demand and increased competition[8]. - The watch and instrument segment generated sales of approximately RMB 122,000, down from RMB 591,000 in the previous year, representing 0.1% of total revenue[9]. Corporate Strategy and Governance - The company has no major expansion plans due to global market instability, and future development plans will be approached cautiously[10]. - The company continues to focus on technological innovation and new product development to adapt to evolving market demands[7]. - The company is focused on expanding its market presence and enhancing its product offerings through continuous research and development[36]. - The management team includes professionals with significant expertise in finance, accounting, and engineering, ensuring robust oversight of financial and operational strategies[33][35][36]. - The company has a strong commitment to technological advancement, with several executives involved in the development of innovative products recognized by government awards[32][36]. - The company’s strategic direction is guided by experienced leaders who have been with the organization for many years, ensuring continuity and stability[31][36]. - The company emphasizes accountability, transparency, and fairness in its corporate governance practices[37]. Board Composition and Meetings - The board consists of four executive directors and three independent non-executive directors, ensuring a balanced composition with relevant knowledge and experience[39]. - The board held three meetings during the year, with all members attending each meeting, indicating strong engagement and oversight[43]. - The company has adopted the corporate governance code and has complied with most of its provisions, with management providing updates to the board semi-annually instead of monthly[41]. - The company has three independent non-executive directors, exceeding one-third of the board, ensuring compliance with listing rules and providing independent perspectives[45]. - The board is responsible for overseeing business operations and making key decisions regarding annual and interim results, dividends, and accounting policies[40]. - The company held an annual general meeting on December 22, 2023, with full attendance from executive and independent non-executive directors[44]. - The board has mechanisms in place to ensure independent directors contribute effectively and meet regularly to discuss company matters[45]. Risk Management and Compliance - The company has established a risk management framework aimed at achieving business objectives and safeguarding assets from unauthorized use[61]. - The board conducts an annual review of the effectiveness of the risk management and internal control systems, confirming no significant deficiencies were found this year[61]. - The company emphasizes environmental, social, and governance (ESG) responsibilities, holding at least one board meeting annually to assess ESG risks and strategies[67]. - The company has not identified any significant uncertainties that may cast doubt on its ability to continue as a going concern[59]. - The group has complied with all relevant laws and regulations concerning bribery, extortion, fraud, and money laundering throughout the year[103]. Environmental and Social Responsibility - The company emphasizes environmental, social, and governance (ESG) responsibilities, holding at least one board meeting annually to assess ESG risks and strategies[67]. - The company has established a comprehensive management system for energy and resource usage, focusing on water and electricity conservation[75]. - The company has maintained compliance with national environmental standards, with no harmful waste generated during the reporting period[73]. - The total wastewater discharge was 5,249 tons, an increase from 5,100 tons in 2023, while the biochemical oxygen demand (BOD) decreased to 64.0 kg from 87.7 kg[74]. - The total air emissions in 2024 were significantly reduced to 589,952 cubic meters from 9,459,600 cubic meters in 2023, indicating a substantial improvement in emission control[74]. - The company aims to reduce non-production related water usage by 10% to 15% over the next five years[78]. - The company plans to decrease electricity consumption per production unit by 10% to 15% within the next five years[79]. Employee Management and Training - The total number of employees decreased to 436 as of June 30, 2024, from 473 in the previous year, with employee costs amounting to approximately RMB 38,340,000[25]. - The employee turnover rate for males is 11.5% and for females is 15.0%[86]. - The company has implemented mandatory social insurance, medical insurance, and provident fund plans throughout the year, complying with significant employment and labor regulations[87]. - The company has developed a training plan based on departmental needs, ensuring employees meet educational and skill requirements[89]. - The company provided a total of 4,008 hours of training for production personnel in 2023, compared to 2,540 hours in 2022, reflecting a significant increase[94]. - Average training hours for new employee onboarding increased from 20 hours in 2022 to 24 hours in 2023[94]. - Average training hours for position skills training rose from 20 hours in 2022 to 24 hours in 2023[94]. Financial Reporting and Audit - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards and reflect a true and fair view of the group's financial position as of June 30, 2024[136]. - The audit committee reviewed the financial statements for the year ending June 30, 2024, and held three meetings during the same period[56][57]. - The company confirmed that the remuneration for senior management (excluding directors) is within the range of HKD 1,000,000 or below for two individuals[55]. - The independent auditor's report does not cover other information included in the annual report, focusing solely on the consolidated financial statements[141]. - The governance team is tasked with overseeing the financial reporting process of the group[142]. Shareholder Relations - The company maintains a proactive shareholder communication policy to strengthen relationships with investors and enhance communication[66]. - The company encourages shareholders to attend annual general meetings for constructive communication with the board[66]. - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting to address specified business matters[63].

Financial Performance - Revenue decreased by 1.6% to RMB 139,203,000 compared to RMB 141,536,000 in the previous year[2] - Operating loss increased by 52.9% to RMB 33,236,000 from RMB 21,734,000[2] - Net loss attributable to owners increased by 44.3% to RMB 32,735,000 from RMB 22,692,000[2] - Basic and diluted loss per share was RMB 3.16, compared to RMB 2.19 in the previous year[2] - Gross profit was RMB 35,026,000, slightly up from RMB 34,994,000[2] - The group's revenue from customer contracts for the year ended June 30, 2024, was RMB 139,203 thousand, a decrease of 1% from RMB 141,536 thousand in 2023[9] - The reported segment loss for the year ended June 30, 2024, was RMB (20,032) thousand, compared to a loss of RMB (18,702) thousand in 2023, indicating a deterioration in performance[11] - Revenue from external customers in China (excluding Hong Kong) was RMB 138,776 thousand in 2024, down from RMB 141,501 thousand in 2023, reflecting a decline of approximately 2%[15] - The cost of sales and services for the year was RMB 104,177 thousand, a slight decrease from RMB 106,542 thousand in the previous year[16] - Research and development expenses recognized as an expense were RMB 7,878 thousand in 2024, significantly lower than RMB 11,958 thousand in 2023, indicating a reduction in R&D investment[16] - The group reported bank interest income of RMB 2,873 thousand for the year ended June 30, 2024, down from RMB 3,789 thousand in 2023[13] - The fair value loss on investment properties was RMB (7,223) thousand in 2024, compared to a gain of RMB 2,041 thousand in 2023, showing a significant negative shift[13] - The total depreciation of property, plant, and equipment was RMB 22,701 thousand in 2024, slightly lower than RMB 23,703 thousand in 2023[16] - The group's revenue for the year was approximately RMB 139,203,000, a decrease of about 1.6% compared to RMB 141,536,000 in the previous year, primarily due to reduced demand in certain downstream markets and intense competition in the automation and watch instrument sectors[30] - Gross profit for the year was approximately RMB 35,026,000, slightly up from RMB 34,994,000 in the previous year, while operating loss increased to approximately RMB 33,236,000 from RMB 21,734,000, largely due to a fair value loss of RMB 7,223,000 in investment properties[31] - The loss attributable to shareholders for the year was approximately RMB 32,735,000, compared to RMB 22,692,000 in the previous year, reflecting the adverse factors mentioned[32] - Basic and diluted loss per share for the year was RMB 3.16, up from RMB 2.19 in the previous year[33] Assets and Equity - Total assets decreased to RMB 1,709,004,000 from RMB 1,739,416,000[4] - Non-current assets decreased to RMB 273,970,000 from RMB 273,377,000[4] - Inventory decreased to RMB 17,566,000 from RMB 21,265,000[4] - Cash and cash equivalents decreased to RMB 1,417,002,000 from RMB 1,444,580,000[4] - Total equity decreased to RMB 1,690,688,000 from RMB 1,720,592,000[5] - Trade and other receivables amounted to approximately RMB 69,486,000, a decrease from RMB 72,348,000 in the previous year, with a provision for impairment losses of RMB 6,677,000[22] - Trade and other payables were approximately RMB 14,735,000, down from RMB 26,344,000 in the previous year, indicating improved cash flow management[23] - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately RMB 1,417,002,000, down from RMB 1,444,580,000 in the previous year[33] - The group maintained a healthy liquidity position, with a debt-to-equity ratio of approximately 0.05 as of June 30, 2024, unchanged from the previous year[34] Future Outlook and Strategy - The company has no major expansion plans due to global market instability, indicating a cautious approach to future development[27] - The industrial automation control systems manufacturing sector is expected to experience stable demand due to ongoing capital expenditures and maintenance needs across various downstream industries[28] - The company is positioned as a leading enterprise in the domestic industrial automation control systems sector, with increasing demand for domestically produced high-end instruments and equipment[29] Dividends and Shareholder Information - The company has not declared or proposed any dividends for the year ending June 30, 2024[19] - The board did not recommend any final dividend for the year, consistent with the previous year[41] - The company will suspend share registration from December 11, 2024, to December 16, 2024, to determine shareholder voting rights at the annual general meeting[51] Reporting and Governance - The group is currently evaluating the potential impact of new Hong Kong Financial Reporting Standards that have been issued but are not yet effective, with further information to be disclosed when reasonable estimates are available[8] - The company has not reported any internal segment sales for both years, indicating a focus on external customer revenue generation[12] - The management provided updates on the company's performance, condition, and outlook every six months instead of monthly, including consolidated financial statements and key event summaries[46] - The audit committee reviewed the group's financial performance for the year ending June 30, 2024[50] - The annual financial results have been audited and are consistent with the preliminary announcement figures[52] - The annual report for the year 2024 will be sent to shareholders and published on the company's website and the stock exchange website[53] Investment and Funding - The net proceeds from the public offering amounted to approximately HKD 1,043,000,000, with significant allocations for production facility construction (approximately HKD 711,000,000) and R&D (approximately HKD 129,000,000)[35] - As of June 30, 2024, the group had utilized approximately HKD 652,000,000 for production facility construction and approximately HKD 207,000,000 for R&D[35] - The group had no significant investments or acquisitions of subsidiaries, associates, or joint ventures during the year[36][37]

Financial Performance - The group's revenue for the six months ended December 31, 2023, was approximately RMB 72,536,000, an increase of about 2.52% compared to RMB 70,756,000 for the same period in 2022[1]. - The operating loss for the six months ended December 31, 2023, was approximately RMB 5,667,000, compared to an operating loss of RMB 3,073,000 for the same period in 2022[1]. - The net loss attributable to the company's owners for the six months ended December 31, 2023, was approximately RMB 5,680,000, compared to RMB 3,087,000 for the same period in 2022[1]. - Basic and diluted loss per share for the six months ended December 31, 2023, was RMB 0.55, compared to RMB 0.30 for the same period in 2022[1]. - The gross profit for the six months ended December 31, 2023, was RMB 18,154,000, compared to RMB 18,937,000 for the same period in 2022[4]. - The company incurred a total comprehensive loss of RMB 6,380,000 for the six months ended December 31, 2023, compared to a comprehensive income of RMB 3,722,000 in the same period in 2022[13]. - The company reported a loss of RMB 5,680,000 for the period ended December 31, 2023, reflecting a decline from the previous year's performance[13]. - The total equity attributable to shareholders was approximately RMB 1,714,212,000[1]. - The total equity attributable to the owners of the company decreased by approximately RMB 6,380,000 to about RMB 1,714,212,000 as of December 31, 2023[66]. Cash Flow and Assets - The company's cash and cash equivalents as of December 31, 2023, were RMB 1,409,555,000, a decrease from RMB 1,444,580,000 as of June 30, 2023[9]. - For the six months ended December 31, 2023, the company reported a net cash outflow from operating activities of RMB 9,324,000 compared to a cash inflow of RMB 1,991,000 in the same period of 2022[13]. - The total cash and cash equivalents decreased by RMB 35,025,000, ending at RMB 1,409,555,000 as of December 31, 2023, compared to RMB 1,437,390,000 at the end of 2022[13]. - The company's non-current assets as of December 31, 2023, totaled RMB 292,795,000, compared to RMB 273,377,000 as of June 30, 2023[9]. - Total assets reported as of December 31, 2023, were RMB 1,800,782,000, a slight decrease from RMB 1,814,061,000 as of June 30, 2023[33]. - Trade receivables as of December 31, 2023, totaled RMB 73,065,000, slightly up from RMB 72,348,000 as of June 30, 2023[38]. - Trade payables decreased to RMB 18,223,000 as of December 31, 2023, from RMB 26,344,000 as of June 30, 2023, indicating better cash flow management[39]. Dividends and Shareholder Information - The board of directors did not recommend any interim dividend for the six months ended December 31, 2023, consistent with the previous year[1]. - The company did not declare or propose any dividends for the six months ended December 31, 2023, nor since the end of the reporting period[43]. - As of December 31, 2023, the total number of issued shares was 1,037,500,000[82]. - Major shareholder Capital Research and Management Company holds approximately 8.04% of the company's issued shares[84]. Expenses and Costs - Employee costs increased to RMB 18,959,000 in 2023 from RMB 17,247,000 in 2022, reflecting a rise of 9.9%[21]. - Research and development expenses recognized as costs were RMB 1,690,000, down 37.2% from RMB 2,691,000 in the prior year[24]. - Depreciation of property, plant, and equipment was RMB 11,303,000, slightly down from RMB 11,440,000 in the previous year[24]. - Employee costs (excluding directors' remuneration) were approximately RMB 17.25 million, a decrease from RMB 18.96 million for the same period last year[72]. Segment Performance - Revenue from the sale of automation instruments and technical products for the six months ended December 31, 2023, was RMB 72,536,000, an increase of 7.4% from RMB 67,284,000 in the same period of 2022[19]. - Reported segment revenue for the six months ended December 31, 2023, was RMB 72,536,000, an increase from RMB 70,756,000 in the same period of 2022, representing a growth of approximately 2.5%[32]. - Adjusted operating loss for the total segment was RMB (5,312,000) for the six months ended December 31, 2023, compared to RMB (4,642,000) in the same period of 2022, indicating a decline in performance[33]. - The group recorded a reportable segment loss of approximately RMB 1,487,000 from the automation instruments and technical products segment, compared to a loss of RMB 226,000 in the same period last year[51]. Committees and Governance - The company has established a Nomination Committee since 2008, responsible for reviewing the board's structure and diversity at least annually[97]. - The Remuneration Committee, composed of three independent non-executive directors, is responsible for recommending remuneration policies for directors and senior management[95]. - The Audit Committee consists of three independent non-executive directors, ensuring independent opinions on financial reporting and risk management[98]. - The Audit Committee has reviewed the unaudited interim results for the six months ending December 31, 2023, confirming compliance with relevant accounting standards and regulations[99]. Future Outlook and Strategy - The group had no significant expansion plans during the period due to global market instability, and the board will prudently consider future development plans[54]. - The group has no significant future investment or capital asset plans as of December 31, 2023[74]. - The group has no significant investments during the period[69]. - The group has no foreign exchange hedging instruments and does not expect significant impact from currency fluctuations[75].

Financial Performance - Revenue for the six months ended December 31, 2023, was RMB 72,536,000, an increase of 2.5% compared to RMB 70,756,000 for the same period in 2022[4] - Gross profit for the same period was RMB 18,154,000, down 4.1% from RMB 18,937,000 in 2022[4] - Operating loss increased to RMB 5,667,000 from RMB 3,073,000 year-on-year, reflecting a 84.5% increase in losses[4] - The net loss attributable to the owners of the company for the period was RMB 5,680,000, compared to RMB 3,087,000 in the previous year, representing an increase of 84.5%[4] - Basic and diluted loss per share was RMB 0.55, compared to RMB 0.30 for the same period in 2022[4] - The group reported customer contract revenue of RMB 72,536,000 for the six months ended December 31, 2023, compared to RMB 70,756,000 for the same period in 2022, representing an increase of approximately 2.5%[21] - Other income for the six months ended December 31, 2023, was RMB 1,719,000, a decrease of 56.8% from RMB 3,986,000 in the same period of 2022[22] - The group incurred a pre-tax loss of RMB 54,382,000 for the six months ended December 31, 2023, compared to RMB 51,819,000 in the same period of 2022, indicating an increase in costs[26] - The total reportable segment revenue for the six months ended December 31, 2023, was RMB 72,536,000, an increase from RMB 70,756,000 in the same period of 2022, representing a growth of approximately 2.5%[36] - The total reportable segment loss for the six months ended December 31, 2023, was RMB (5,312,000), compared to RMB (4,642,000) for the same period in 2022, indicating a deterioration in performance[38] Assets and Liabilities - Total assets as of December 31, 2023, were RMB 1,733,442,000, slightly down from RMB 1,739,416,000 as of June 30, 2023[8] - The company’s reportable segment assets totaled RMB 276,337,000 as of December 31, 2023, down from RMB 283,962,000 as of June 30, 2023[38] - The group’s current assets net value was approximately RMB 1,440,647,000 as of December 31, 2023, down from RMB 1,466,039,000 as of June 30, 2023[62] - The reportable segment liabilities decreased to RMB 21,381,000 as of December 31, 2023, from RMB 29,009,000 as of June 30, 2023[39] Cash Flow - Cash and cash equivalents at the end of the period were RMB 1,409,555,000, a decrease from RMB 1,444,580,000 at the beginning of the period[14] - The company reported a net cash outflow from operating activities of RMB 9,324,000, compared to a cash inflow of RMB 1,991,000 in the same period last year[14] Employee and Operational Costs - Employee costs increased to RMB 17,247,000 for the six months ended December 31, 2023, from RMB 18,959,000 in the same period of 2022, reflecting a decrease of approximately 9.0%[23] - The group recognized research and development expenses of RMB 1,690,000 for the six months ended December 31, 2023, down from RMB 2,691,000 in the same period of 2022, a decrease of approximately 37.2%[26] - The group’s depreciation expense for property, plant, and equipment was RMB 11,303,000 for the six months ended December 31, 2023, slightly down from RMB 11,440,000 in the same period of 2022[26] - The group’s bank interest income decreased to RMB 1,445,000 for the six months ended December 31, 2023, from RMB 1,992,000 in the same period of 2022, a decline of approximately 27.5%[22] Future Outlook and Strategy - The group expects no significant impact from the newly issued accounting standards and amendments on its current or future reporting periods[19] - The company continues to focus on the research, development, production, and sales of industrial automation instruments and technology products[47] - The company has no significant expansion plans due to global market instability and will proceed cautiously with future development plans[52] - The group will continue to monitor industry developments and review its business expansion plans regularly[73] Governance and Compliance - The audit committee has reviewed the unaudited interim results for the six months ended December 31, 2023, ensuring compliance with relevant accounting standards[90] - The board does not recommend any interim dividend for the six months ended December 31, 2023, consistent with the previous year[78] - The group has not engaged in any purchase, sale, or redemption of its listed securities during the period[80] - The group has not utilized any financial instruments to hedge foreign exchange risks, which primarily arise from financial assets and liabilities denominated in foreign currencies[75] Miscellaneous - The company acquired property, plant, and equipment amounting to approximately RMB 89,000 during the current period, compared to zero in the same period last year[40] - The company has not recognized any deferred tax liabilities for the period due to tax losses recorded by its subsidiary, Fujian Shangrun Precision Instrument Co., Ltd.[31] - There are no major contingent liabilities or capital commitments as of December 31, 2023[77][76] - The remaining net proceeds are held in short-term deposits with financial institutions[68] - The group has not made any significant investments or acquisitions of subsidiaries, associates, or joint ventures during the period[69][70] - As of December 31, 2023, the group employed a total of 446 staff, with employee costs (excluding directors' remuneration) approximately RMB 17,247,000, a decrease from RMB 18,959,000 for the same period last year[71] - The independent non-executive directors are Ms. Ji Qinzhi, Dr. Hu Guoqing, and Mr. Chen Yuxiao[94] - The executive directors include Mr. Huang Xunsong, Mr. Zou Chong, Mr. Su Fangzhong, and Mr. Zhang Quan[94]

Financial Performance - The company's revenue for the fiscal year 2022/2023 was approximately RMB 141.54 million, representing a 2.3% increase compared to RMB 138.34 million in the previous year[5]. - The operating loss decreased by 38.4% to RMB 21.73 million from RMB 35.27 million year-on-year[5]. - The loss attributable to shareholders was RMB 22.69 million, down 36.8% from RMB 35.88 million in the previous year[5]. - Basic and diluted loss per share was RMB 2.19, a decrease of 36.7% from RMB 3.46 in the previous year[5]. - Gross profit for the year was approximately RMB 34,994,000, up from RMB 32,441,000 in the previous year, attributed to increased sales and improved production efficiency[20]. - The operating loss for the year was approximately RMB 21,734,000, a decrease from RMB 35,273,000 in the previous year, influenced by trade receivables impairment losses and inventory write-downs[20]. - The loss attributable to shareholders for the year was approximately RMB 22,692,000, compared to RMB 35,884,000 in the previous year, reflecting the factors mentioned above[24]. - As of June 30, 2023, the group had cash and cash equivalents of approximately RMB 1,444,580,000, compared to RMB 1,433,668,000 as of June 30, 2022[26]. - Total equity attributable to shareholders decreased by approximately RMB 19,405,000 to about RMB 1,720,592,000 as of June 30, 2023[28]. - The company reported a loss of approximately RMB 22,692,000 for the year, compared to a loss of approximately RMB 35,884,000 in the previous year[162]. Revenue Segmentation - Sales from the automation instruments and technology products segment amounted to RMB 140.95 million, accounting for 99.6% of total revenue, with a reported segment loss of RMB 13.24 million[13]. - The watch and instrument segment generated sales of RMB 591,000, representing 0.4% of total revenue, with a reported segment loss reduced to RMB 5.47 million[14]. - The group's revenue for the year was approximately RMB 141,536,000, an increase of about 2.3% compared to RMB 138,344,000 in the previous year, primarily due to increased sales of automation instruments and technology products[19]. Corporate Governance - The board consists of four executive directors and three independent non-executive directors, ensuring a balanced composition with rich knowledge and experience relevant to the company's business[57]. - The company has maintained compliance with the majority of the corporate governance code as stipulated in the Listing Rules, emphasizing accountability, transparency, and fairness[54]. - The board of directors held four meetings during the fiscal year ending June 30, 2023, with a 100% attendance rate from all members[61]. - The company conducted a review of its corporate governance practices, including compliance with applicable laws and regulations, as of June 30, 2023[60]. - All directors participated in appropriate continuous professional development activities during the fiscal year, including training on regulatory updates related to the company's business[68]. - The company has three independent non-executive directors, exceeding one-third of the board, ensuring compliance with listing rules[65]. - The chairman and CEO roles are held by the same individual, which the board believes enhances efficiency in executing long-term business strategies[70]. - The company has established clear guidelines for the delegation of authority to senior management, ensuring regular reporting to the board[60]. - The company aims to promote equal opportunities among all directors and has adopted a diversity policy to enhance board performance through various measurable factors, including gender, age, cultural background, and professional experience[76]. - The board is required to rotate all directors, including executive and independent non-executive directors, at least once every three years[73]. Risk Management and Compliance - The company maintains a robust risk management and internal control system, which was reviewed annually, ensuring effectiveness in meeting overall business needs[93]. - The company has not identified any significant deficiencies in internal controls during the year, affirming the effectiveness of its risk management system[93]. - The board is committed to maintaining adequate internal controls and has established a process for addressing any identified deficiencies promptly[92]. - The company has complied with all relevant laws and regulations regarding bribery, extortion, fraud, and money laundering during the year, with no legal cases involving corruption activities[152]. Environmental and Social Responsibility - The company is a market leader in the high-precision industrial automation instruments and technology products sector in China, operating under the "Shangrun" brand[102]. - The board of directors is committed to excellent environmental, social, and governance (ESG) performance and holds at least one meeting annually to assess ESG risks and strategies[102]. - The company has received ISO certifications for quality management, environmental management, and occupational health and safety, valid until January 2025[104]. - The company has established a waste management system to minimize harmful emissions and has set a goal to maintain a harmless discharge environment[107]. - Independent environmental monitoring institutions have confirmed that the company's emissions comply with national standards, with no harmful waste generated[107]. - The company aims to continue strict adherence to relevant environmental laws and regulations, including the Environmental Protection Law of China[107]. Employee Management and Training - The group employed a total of 473 staff as of June 30, 2023, with employee costs amounting to approximately RMB 37,712,000, slightly down from RMB 38,276,000 in the previous year[36]. - Total number of employees as of June 30, 2023, is 473, with 307 males and 166 females[125]. - Employee turnover rate for 2023 is 18.5%, with a breakdown of 12.8% for males and 5.7% for females[128]. - The company has implemented a comprehensive training program for employees, including safety training and professional skills enhancement[135]. - The training data indicates a strong focus on gender diversity, with efforts to balance participation across different employee levels and genders[136]. Shareholder Relations - The company maintains an active shareholder communication policy to strengthen relationships with investors and enhance communication with shareholders[99]. - The company encourages shareholders to attend the annual general meeting for constructive communication with the board[99]. - The company has established a framework for shareholders to request special general meetings if they hold at least 10% of the paid-up capital[96]. Audit and Financial Reporting - The audit committee reviewed the final audit report for the year ending June 30, 2023, and the initial draft of the consolidated financial statements, along with recommendations for board approval[84]. - The financial statements for the year ended June 30, 2023, were audited and deemed to reflect the true and fair view of the group's financial position[195]. - The total remuneration paid to the external auditor for the year ended June 30, 2023, amounted to RMB 1,951,000, including RMB 1,924,000 for audit services and RMB 27,000 for non-audit services[94]. Supply Chain Management - The company maintained strong relationships with over 100 independent suppliers located in China, ensuring a stable supply of raw materials and components[141]. - The company has not faced any significant difficulties in obtaining sufficient supplies for production, indicating a robust supply chain[141]. Product Quality and Safety - The company has complied with all relevant health and safety regulations, including the Consumer Rights Protection Law in China, ensuring product reliability and quality[143]. - No products sold or shipped were recalled for safety and health reasons during the fiscal year ending June 30, 2023[146]. - The company has not received any complaints regarding product quality during the year[148].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA HIGH PRECISION AUTOMATION GROUP LIMITED 中 國 高 精 密 自 動 化 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：591） 截至二零二三年六月三十日止年度 全年業績公告 摘要 1. 營業額增加2.3%； 2. 經營虧損減少38.4%； 3. 本公司擁有人應佔虧損淨額減少36.8%；及 4. 每股基本及攤薄虧損均為人民幣2.19分。 ...