香港聯合交易所有限公司與證券及期貨事務監察委員會對本聆訊後資料集的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本聆訊後資料集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。 Axera Semiconductor Co., Ltd. 愛芯元智半導體股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警告 本聆訊後資料集乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監會」） 的要求而刊發，僅用作提供資訊予香港公眾人士。 本聆訊後資料集為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。 閣下閱覽本文件， 即代表 閣下知悉、接納並向本公司、其聯席保薦人、整體協調人、顧問或承銷團成員表示同意： 於本公司招股章程根據香港法例第32章《公司（清盤及雜項條文）條例》送呈香港公司註冊處處長註冊 前，不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約或邀請，有意投 資者務請僅依據送呈與香港公司註冊處處長註冊的本公司招股章程作出投資決定；招股章程的文本 將於發售期內供公眾查閱。 70471 \ ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of Axera Semiconductor Co., Ltd. 愛芯元智半導體股份有限公司 (the "Company") (A joint stock comp ...

The publication of this announcement is required by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Securities and Futures Commission (the "SFC") solely for the purpose of providing information to the public in Hong Kong. By viewing this announcement, you acknowledge, accept and agree with the Company, its joint sponsors, overall coordinators, advisors or members of the underwriting syndicate that: 1 (a) the publication of this announcement on the Stock Exchange's website does not giv ...

Group 1 - The total social financing scale increment in China from January to May is 18.63 trillion RMB, an increase from the previous value of 16.34 trillion RMB [1] - The new RMB loans added in China from January to May amount to 10.68 trillion RMB, up from the previous value of 10.06 trillion RMB [1]

Core Insights - In May, China added 1.068 trillion yuan in new renminbi loans, which was below the expected 1.096 trillion yuan and higher than the previous value of 1.006 trillion yuan [1] Summary by Category - **Loan Growth**: The new renminbi loans for May amounted to 1.068 trillion yuan, indicating a slower growth compared to market expectations [1] - **Comparative Analysis**: The current month's loan addition is an increase from the previous month's figure of 1.006 trillion yuan, showing a positive trend despite missing expectations [1]

中国1至4月新增人民币贷款 100600亿人民币，前值 97800亿人民币。 ...

中国4月今年迄今新增人民币贷款 100600亿元，预期104746亿元，前值97800亿元。 ...

Core Insights - The investment research capabilities of brokerage firms have significantly improved, leading to a higher quality of recommended stocks, referred to as "golden stocks" [1] - As of April, 37 brokerage firms have collectively recommended 239 unique golden stocks, with 62 stocks being recommended by two or more firms [1] - Qingdao Beer has emerged as a standout, receiving recommendations from 9 firms, while Gree Electric, Muyuan Foods, and BYD each received 5 recommendations, indicating strong market interest [1] Company Summaries - Qingdao Beer (Stock Code: 600600) received 9 recommendations, an increase of 6 from the previous month, and has a total of 13 recommendations over the last three months [2] - Muyuan Foods (Stock Code: 002714) received 5 recommendations, up by 3 from the previous month, totaling 8 over the last three months [2] - Gree Electric (Stock Code: 000651) also received 5 recommendations, an increase of 4 from the previous month, with a total of 10 recommendations in the last three months [2] - BYD (Stock Code: 002594) received 5 recommendations, a decrease of 1 from the previous month, with a total of 4 recommendations over the last three months [2] - In terms of dividends, Qingdao Beer plans to distribute a cash dividend of 2.2 yuan per share, totaling approximately 3 billion yuan, while BYD plans to distribute 39.74 yuan per 10 shares, amounting to about 12 billion yuan [2] Industry Insights - In April, the leading sectors for recommended golden stocks included Electronics (10.8%), Food and Beverage (7.1%), Non-ferrous Metals (6.5%), and Pharmaceutical Biology (6.5%) [3] - The sectors with the most significant increase in recommendation weight compared to the previous month were Pharmaceutical Biology (+3.5%), Transportation (+1.9%), and Building Materials (+1.8%) [3] - Conversely, the sectors with the largest decrease in recommendation weight were Power Equipment (-2.9%), Machinery Equipment (-2.8%), and National Defense and Military Industry (-2%) [3] Performance Insights - In March, a total of 266 golden stocks were recommended, with 130 stocks seeing price increases, representing 48.87% of the total [5] - Among these, 34 stocks had price increases exceeding 10%, and 10 stocks had increases over 20% [5] - The top-performing stock in March was Shenghong Technology, which saw a price increase of 58.69%, followed by Keri International with a 42.45% increase [5][7] - The distribution of recommended stocks in March showed a strong preference for the Industrial and Information Technology sectors, with 59 stocks recommended from this category [8]

Financial Performance - The Group's revenue for the year ended December 31, 2023, was approximately HK$12,112,000, a significant increase from approximately HK$2,715,000 for the year ended December 31, 2022, representing a growth of about 346%[12] - The loss attributable to owners of the Company for the year ended December 31, 2023, was approximately HK$152,345,000, a decrease from a loss of approximately HK$227,735,000 in the previous year, indicating a reduction in loss of about 33%[12] - The natural gas business generated revenue of approximately HK$9,348,000 for the year ended 31 December 2023, following the recovery from the COVID-19 pandemic[28] - The total comprehensive income for the period from January 1, 2023, to the Disposal Date was approximately HK$1,453,000[76] - Total comprehensive income for the year was HK$1,453,000, a decrease from HK$3,850,000 in the previous year[80] Property Investment - The Properties Investment Business generated revenue of approximately HK$2,764,000 during the year, primarily from rental income and management fees[22] - The Group's property investment business generated revenue of approximately HK$2,764,000 for the year ended 31 December 2023, primarily from rental income and management fees[25] - The Company has properties located in the Tianjin Economic and Technological Development Zone, contributing to its revenue generation[22] - The Group completed the disposal of its 100% equity interest in Nanjing Xide for a consideration of RMB1,000,000 on 28 December 2023[23] - The Company is exploring other relevant business opportunities in the property development industry to enhance overall business performance amid market challenges[24] Financial Position and Ratios - As of December 31, 2023, the Group's equity attributable to owners was a deficit of approximately HK$476,054,000, an increase of approximately 51% from the previous year's deficit of HK$315,683,000[46] - The net current liabilities as of December 31, 2023, were approximately HK$530,708,000, compared to HK$402,555,000 in 2022[46] - Cash and bank balances at December 31, 2023, were approximately HK$3,565,000, up from HK$2,347,000 at the end of 2022[46] - The underlying current ratio at 31 December 2023 was approximately 0.03, a decrease from 0.12 at 31 December 2022[42] - The ratio of current liabilities to total assets was approximately 1,336% as of December 31, 2023, significantly higher than 573% in the previous year[45] Operational Challenges - The Group's operations were hindered due to management issues at Tianjin Hui Li Yuan, which has been suspended since the year ended December 31, 2021[65] - The company faced significant operational disruptions at Tianjin Hui Li Yuan, leading to the departure of all employees including key management[68] - The auditor was unable to perform necessary procedures on the books and records of Tianjin Hui Li Yuan due to the operational disruptions[74] - The Group reported a loss attributable to the owners of approximately HK$152,345,000 for the year ended 31 December 2023, compared to a loss of HK$1,154,000 for the previous year[82] Governance and Compliance - The Company did not hold the required four board meetings during the year due to delays in financial results publication and trading suspension[100] - The Board is committed to ensuring compliance with statutory and regulatory requirements and maintaining a sound system of internal control and risk management[120] - The Company emphasizes the importance of independent non-executive Directors in its governance structure to enhance decision-making and protect shareholder interests[160] - The Board consists of three executive Directors and three independent non-executive Directors as of December 31, 2023[111] - The Nomination Committee is responsible for recommending Director appointments and evaluating board composition, with a focus on diversity factors[171] Board Structure and Diversity - The Board Diversity Policy aims to achieve a balance of skills, experience, and diversity of perspectives to enhance decision-making and corporate governance[135] - The Company currently has one female director and aims to increase the proportion of female members over time[136] - The Board consists of members with diverse knowledge and skills, including business management, finance, audit, investment, and civil engineering[136] - The Board will review the Board Diversity Policy and its effectiveness at least annually[140] - The company had a total of 23 employees, with 57% being female, indicating a commitment to gender diversity in its workforce[141] Risk Management and Future Outlook - The Group has adopted a prudent approach to property investment due to the adverse impacts of the COVID-19 pandemic and the decline in the property market in the PRC[13] - The Group is committed to developing its natural gas business and will pursue potential opportunities following the recovery from the COVID-19 pandemic[18] - The Company remains vigilant in monitoring market sentiments to seize favorable opportunities as they arise[13] - The Auditor expressed significant doubt about the Group's ability to continue as a going concern due to uncertainties surrounding future cash flows[88] - The Group's financial statements were prepared on a going concern basis, dependent on the ability to obtain sufficient future funding[84]

Financial Performance - The company reported total revenue of HKD 12,112,000 for the year ended December 31, 2023, a significant increase from HKD 2,715,000 in 2022, representing a growth of approximately 346%[4] - The cost of sales increased to HKD 9,360,000 in 2023 from HKD 176,000 in 2022, leading to a gross profit of HKD 2,752,000, up from HKD 2,539,000[4] - The company incurred a loss before tax of HKD 152,224,000 in 2023, an improvement from a loss of HKD 229,409,000 in 2022, indicating a reduction in losses by approximately 34%[4] - The total comprehensive loss for the year was HKD 160,090,000, compared to HKD 235,749,000 in 2022, marking a decrease of approximately 32%[5] - The company reported a basic loss per share of HKD 35.68 cents in 2023, compared to HKD 53.33 cents in 2022, indicating a reduction in loss per share[4] - The company reported a loss attributable to owners of approximately HKD 152,345,000 for the year ended December 31, 2023, with current liabilities exceeding current assets by about HKD 530,708,000[24] - The company reported a pre-tax loss of HKD 152,345,000 for 2023, a decrease from a loss of HKD 227,735,000 in 2022, representing a 33% improvement year-over-year[36] Assets and Liabilities - The company's total assets less current liabilities amounted to HKD (507,674,000) in 2023, worsening from HKD (377,853,000) in 2022[8] - The company's equity attributable to owners decreased to HKD (476,054,000) in 2023 from HKD (315,683,000) in 2022, indicating a decline in shareholder equity[8] - The group has a net liability of approximately HKD 507,674,000 as of December 31, 2023, with current liabilities exceeding current assets by approximately HKD 530,708,000[48] - The net current liabilities as of December 31, 2023, were approximately HKD 530,708,000, compared to HKD 402,555,000 in 2022[62] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 3,565,000 in 2023 from HKD 2,347,000 in 2022, showing an improvement in liquidity[7] - The company’s interest-bearing borrowings and related payable interest and repayment premium amounted to approximately HKD 115,000,000 and HKD 362,358,000, respectively, while cash and cash equivalents were only about HKD 3,565,000[24] - Cash and bank balances as of December 31, 2023, were approximately HKD 3,565,000, an increase from HKD 2,347,000 in 2022[62] Business Strategy and Operations - The company has not disclosed any new product developments or market expansion strategies in the current report[4] - The company is actively seeking fundraising opportunities, including rights issues, placements of new shares, and/or convertible bonds, depending on current market conditions[26] - The company plans to explore various business opportunities to increase cash inflows and improve its financial condition[26] - The company has implemented cost-saving measures to reduce expenses, including administrative and operational costs[26] - The company believes that if the above measures are successfully implemented, it will have sufficient cash resources to meet future operational and financial needs[27] - The company aims to fully restore its operations in response to the normalization of economic and business activities in China from Q2 to Q3 2023[75] Accounting and Compliance - The group has applied the revised Hong Kong Accounting Standard No. 12 for the first time, which requires disclosure of deferred tax assets and liabilities related to the OECD's Pillar Two legislation[17] - The revised Hong Kong Accounting Standard No. 1 has been applied, replacing "significant accounting policies" with "major accounting policy information," which may impact users' decisions based on financial statements[18] - The group has made accounting policy changes in response to the Hong Kong government's abolition of the offset mechanism for mandatory provident fund and long service payments, effective May 1, 2025[19] - The group has not early adopted any revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, indicating no expected significant impact on future financial statements[23] - The company’s independent auditor expressed a disclaimer of opinion on the consolidated financial statements due to insufficient audit evidence[41] Employee and Operational Costs - Total employee costs decreased to HKD 2,698,000 in 2023 from HKD 3,482,000 in 2022, reflecting a reduction of approximately 22.5%[34] - The company recognized a direct operating expense of HKD 320,000 related to rental income from investment properties in 2023, compared to HKD 176,000 in 2022[34] Market and Industry Conditions - The company plans to maintain a cautious approach in property investment due to uncertainties in the real estate market caused by large developers' financial difficulties[53] - The company has established business partnerships with several large state-owned enterprises to meet customer demand in the natural gas sector[56] - The group is exploring opportunities to adjust and upgrade its business strategy in the natural gas sector to ensure sustainable revenue from after-sales services[56] Dividends and Shareholder Returns - The company did not declare any dividends for the year ended December 31, 2023, consistent with the previous year[35] - The company did not recommend the payment of any final dividend for the year ended December 31, 2023, consistent with the previous year[67] Other Relevant Information - The company did not engage in any purchase, sale, or redemption of its listed securities during the year ended December 31, 2023[70] - There were no significant contingent liabilities as of December 31, 2023[64] - The company had no pledged assets as of December 31, 2023, compared to properties pledged at zero value in 2022[65] - There were no significant events after the reporting period up to the announcement date[71] - The audit committee consists of three independent non-executive directors who reviewed the accounting principles and practices adopted by the group[73] - The company's shares have been suspended from trading since July 11, 2022, and will remain suspended until further notice[84]