港股金属股走强 中国白银集团涨超20% 智通财经6月6日电，截至发稿，中国白银集团(00815.HK)涨20.55%、中国黄金国际(02099.HK)涨 5.62%、招金矿业(01818.HK)涨3.21%。消息方面，国际银价持续走强，目前价格处于36美元附近。 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately RMB 4,313.7 million, a decrease of about 20.9% compared to RMB 5,455.0 million in 2023[20] - The net profit attributable to the company's owners for 2024 was approximately RMB 10.0 million, down from RMB 14.5 million in 2023[20] - The manufacturing segment generated external sales revenue of approximately RMB 4,156.1 million in 2024, a decrease of about 17.6% from RMB 5,044.5 million in 2023[22] - The company has experienced a decline in sales in both the manufacturing and jewelry new retail segments, with sales decreasing by approximately RMB 888.4 million and RMB 252.9 million, respectively[20] - The jewelry retail segment recorded sales of approximately RMB 157.6 million in 2024, down from RMB 410.5 million in 2023, accounting for about 3.7% of total revenue compared to 7.5% in 2023[29] - The group recorded an annual loss of approximately RMB 44.6 million in the sold fresh food retail business segment for the year ended December 31, 2024, compared to a loss of RMB 27.5 million in 2023[43] - The overall gross profit increased to approximately RMB 111.1 million in 2024, up about 2.3% from RMB 108.6 million in 2023, with the gross margin rising to approximately 2.6%[60] Business Strategy and Focus - The company plans to focus its management and resources on its core jewelry and metal businesses following the sale of the Jiangsu Nongmuren platform[20] - The company aims to enhance its financial performance in the coming years through improved profit margins and operational efficiency[22] - The group has shifted its sales focus online, reducing the number of physical stores from 16 in 2023 to 7 in 2024, and plans to continue leveraging third-party platforms for marketing and sales[28] - The group plans to continue integrating new marketing models, including short video marketing and influencer promotions, to enhance online sales operations[33] - The company aims to strengthen its upstream business operations, including potential acquisitions of mining resources, to improve supply chain control and resource reserves[49] Segment Performance - The jewelry new retail segment turned a loss of approximately RMB 7.8 million in 2023 into a profit of approximately RMB 9.9 million in 2024, despite a significant decline in gold product sales[20] - The jewelry new retail segment's gross profit margin improved due to increased sales of silver products, which have a significantly higher margin than gold products[20] - The group strategically reduced marketing expenses for its cultivated diamond brand SISI, as the market for cultivated diamonds is still in its early stages in China[29] - The strategic shift towards higher-margin silver products has improved profitability in the jewelry new retail segment despite overall revenue decline[60] Acquisitions and Investments - The group completed the acquisition of a 51% stake in Jiangxi Letong New Materials Co., Ltd., which owns 100% of Tibet Longtian Mining Co., Ltd., enhancing its upstream business layout[41] - The group has acquired a 51% stake in Jiangxi Letong, which holds exploration rights for mineral resources in Tibet, with estimated inferred ore volume of approximately 2,100,000 tons and inferred metal content of about 5,800 kg[45] - The company plans to sell its 51% stake in Shenzhen Fresh Life Technology Co., Ltd. for RMB 300,000, expecting an estimated gain of approximately RMB 10 million, subject to audit, to be included in the financial results for the year ending December 31, 2025[42] Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[88] - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[88] - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules, complying with most provisions for the year ending December 31, 2024[88] - The company has established a shareholder communication policy to ensure timely, effective, and transparent communication with shareholders[150] - The board has established a risk management team to assist in the ongoing supervision of the group's risk management and internal control systems[126] Risk Management - The company faces strategic risks due to changes in the business, economic, regulatory, or political environment, which may adversely affect performance and strategic goals[135] - Legal and compliance risks may arise from unexpected or uncertain legal or regulatory applications, potentially leading to fines and operational costs[135] - The company has implemented a whistleblowing policy allowing employees and stakeholders to report misconduct confidentially[136] - An anti-corruption and anti-bribery policy has been established to prevent internal corruption and bribery situations[137] Employee and Shareholder Relations - The company recognizes employees as its most valuable asset and aims to provide competitive compensation and development opportunities[170] - The company encourages shareholder participation in decision-making processes, allowing shareholders to propose resolutions at general meetings[158] - The company has reserves available for distribution to shareholders amounting to RMB 248,146,000 as of December 31, 2024, down from RMB 256,421,000 in 2023[180] Financial Position - As of December 31, 2024, the company's bank and other borrowings amounted to approximately RMB 400.9 million, down from RMB 421.2 million in 2023, with a net cash position reflected in a net debt-to-equity ratio of approximately -10.3%[70] - Capital expenditure for the year ending December 31, 2024, was approximately RMB 1.2 million, significantly lower than RMB 7.0 million in 2023[71] - The company maintained a strong liquidity position, with cash and bank balances of approximately RMB 526.3 million as of December 31, 2024, compared to RMB 524.7 million in 2023[77] Market and Sales Dynamics - The average monthly silver price in 2024 is expected to fluctuate, impacting the group's manufacturing and retail strategies[27] - The group’s top five suppliers accounted for about 51.9% of total purchases for the year ending December 31, 2024, an increase from 48.9% in 2023[176] - The largest supplier represented 24.0% of total purchases for the year ending December 31, 2024, up from 13.4% in 2023[176]

Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately RMB 4,313.7 million, a decrease of about 20.9% compared to RMB 5,455.0 million in 2023[2] - The net profit attributable to the company's owners for 2024 was approximately RMB 10.0 million, down from RMB 14.5 million in 2023[2] - The fresh food retail segment reported a loss of approximately RMB 44.6 million in 2024, up from a loss of about RMB 27.5 million in 2023, primarily due to business restructuring[4] - The group reported a profit before tax of RMB 21,548 for continuing operations, with a net profit of RMB 22,407 after tax for the fiscal year ending December 31, 2024[20] - The net loss from continuing operations for 2024 was RMB 2,545,000, compared to a loss of RMB 9,953,000 in 2023, indicating a significant improvement[34] - The company reported a profit attributable to owners of RMB 20,827,000 for 2024, up from RMB 17,737,000 in 2023, representing an increase of about 12%[38] - The company did not declare or recommend any dividends for both 2024 and 2023, maintaining a policy of retaining earnings[37] Segment Performance - The jewelry retail segment saw a significant decline in gold product sales, but silver product sales increased, leading to a segment profit of approximately RMB 9.9 million in 2024, compared to a loss of about RMB 7.8 million in 2023[2] - The manufacturing segment's profit decreased from approximately RMB 55.5 million in 2023 to about RMB 49.2 million in 2024 due to a decline in silver ingot sales[4] - The manufacturing business generated RMB 4,156,144 from silver bar sales, while the new retail business generated RMB 157,570 from various jewelry products for the fiscal year ending December 31, 2024[33] - The segment performance for the manufacturing business was RMB 49,229, while the new retail business reported a loss of RMB 9,850, resulting in a total segment performance of RMB 59,079 for the fiscal year ending December 31, 2024[20] - The group’s fresh food retail business segment recorded an annual loss of approximately RMB 44.6 million in 2024, compared to a loss of RMB 27.5 million in 2023, leading to its classification as a discontinued operation[75] Assets and Liabilities - Total assets decreased from RMB 1,863.6 million in 2023 to RMB 1,849.2 million in 2024[7] - The total assets of the group as of December 31, 2024, amounted to RMB 1,978,876, a decrease from RMB 2,023,049 as of December 31, 2023[24][25] - The total liabilities of the group as of December 31, 2024, were RMB 760,528, down from RMB 784,949 as of December 31, 2023[24][25] - Total equity for the year ended December 31, 2024, is RMB 1,218,348,000, a decrease of 1.6% from RMB 1,238,100,000 in 2023[8] - The company's equity attributable to owners increased to RMB 461,437,000 in 2024 from RMB 451,471,000 in 2023, reflecting a growth of 2.1%[8] Cash Flow and Financial Position - The company's cash and cash equivalents remained stable at approximately RMB 526.3 million in 2024, compared to RMB 524.7 million in 2023[7] - The company's bank and other borrowings balance was approximately RMB 400.9 million as of December 31, 2024, down from RMB 421.2 million in 2023[96] - The total non-current liabilities and total equity amounted to RMB 1,220,126,000 in 2024, down from RMB 1,243,740,000 in 2023, a decrease of 1.9%[8] Operational Changes and Strategy - The group has two operating segments: manufacturing and jewelry new retail, following the termination of the fresh food retail business in 2024[18] - The company plans to focus its management and resources on its core jewelry and metal businesses following the sale of the Jiangsu Nongmuren platform, completed on January 13, 2025[64] - The group plans to continue leveraging third-party platforms for online sales, achieving satisfactory sales performance through collaborations with platforms like JD.com, Tmall, and Douyin[71] - The group strategically reduced marketing expenses for its lab-grown diamond brand SISI, as the market for lab-grown diamonds in China is still in its early stages[70] Cost Management - The overall sales cost decreased from approximately RMB 5,346.4 million in 2023 to approximately RMB 4,202.6 million in 2024, a reduction of about 21.4%[84] - Selling and distribution expenses decreased by about 20.9% from approximately RMB 23.6 million in 2023 to approximately RMB 18.6 million in 2024, attributed to store closures and strict cost control measures[87] - Administrative expenses decreased by approximately 12.9% from about RMB 50.9 million in 2023 to approximately RMB 44.4 million in 2024, mainly due to stringent cost control measures[88] Acquisitions and Investments - The company completed the acquisition of 51% of Jiangxi Letong New Materials Co., Ltd. for a total consideration of RMB 2,550,000 on August 21, 2024[60] - The identifiable assets and liabilities from the acquisition include exploration rights valued at RMB 472,000, usage rights assets at RMB 2,799,000, and other receivables at RMB 2,877,000, resulting in a net cash outflow of RMB 2,487,000 for the acquisition[62] - The group plans to continue exploring upstream business opportunities, including potential acquisitions of mining resources, to enhance supply chain control and resource reserves[79] Corporate Governance - The company has maintained high corporate governance standards to protect shareholder interests and enhance corporate value[109] - The audit committee reviewed the financial reporting processes, risk management, and internal control systems, confirming that the financial statements comply with applicable accounting standards and regulations[112] - The financial figures for the year ending December 31, 2024, have been verified by the auditor, confirming consistency with the amounts approved by the board on March 27, 2025[113]

Financial Performance - For the first half of 2024, the company recorded a net profit attributable to owners of approximately RMB 20.6 million, representing an increase of about 27.2% compared to RMB 16.2 million in the first half of 2023[12]. - In the first half of 2024, the company's revenue was approximately RMB 2,321.2 million, a decrease of about 17.2% compared to RMB 2,804.6 million in the same period of 2023[25]. - The profit attributable to the owners of the company for the six months ended June 30, 2024, was RMB 20,556 thousand, up 27.5% from RMB 16,164 thousand in 2023[64]. - The gross profit for the first half of 2024 was approximately RMB 70.1 million, an increase of about 26.9% from RMB 55.3 million in the first half of 2023, with the overall gross margin rising from approximately 1.97% to 3.02%[30]. - The company reported a significant increase in cash flow from investing activities, with a net cash inflow of RMB 69,616,000 for the six months ended June 30, 2024[71]. Segment Performance - The manufacturing segment experienced a decline in sales for the first half of 2024, but net profit increased due to higher silver prices and improved cost control, leading to a decrease in administrative and other expenses[12]. - The jewelry new retail segment saw a decline in sales primarily due to lower gold product sales, while silver product sales increased, resulting in a shift from net loss to net profit for this segment in the first half of 2024[12]. - The fresh food retail business generated revenue of approximately RMB 2.2 million in the first half of 2024, a drastic decline of about 97.1% compared to RMB 78.1 million in the first half of 2023[28]. - The jewelry new retail business recorded external sales of approximately RMB 98.5 million in the first half of 2024, a decline of about 30.6% from RMB 141.9 million in the first half of 2023, accounting for about 4.2% of total group revenue[15]. Strategic Adjustments - The company is undergoing strategic adjustments in its fresh food retail segment, pausing aggressive expansion and focusing on developing new business lines to enhance competitiveness[12]. - The fresh food retail segment is investing in supply chain capability building and the development of new business lines as part of its market strategy adjustment[12]. - The company continues to explore suitable business opportunities within and outside the jewelry industry to diversify commercial risks[12]. - The company aims to expand its operations in China through investments in Jiangsu Nongmuren E-commerce Co., Ltd., targeting the S2B2C agricultural product platform[10]. Cost Management - The company recorded a cost of sales and services of approximately RMB 2,251.1 million, a decrease of about 18.1% compared to RMB 2,749.3 million in the first half of 2023[29]. - Selling and distribution expenses decreased by approximately 22.2% to about RMB 12.7 million in the first half of 2024, down from RMB 16.3 million in the same period of 2023[31]. - Administrative expenses fell by approximately 21.8% to about RMB 20.5 million in the first half of 2024, compared to RMB 26.2 million in the first half of 2023[32]. Impairment and Losses - The company has recognized an impairment loss of approximately RMB 8.5 million in goodwill for its fresh food retail segment due to a decline in expected future cash flows[13]. - The fresh food retail segment recorded a loss of approximately RMB 15.4 million in the first half of 2024, compared to a loss of RMB 10.9 million in the same period of 2023, primarily due to goodwill impairment losses of approximately RMB 8.5 million[22]. - The company reported a goodwill impairment loss of RMB 8,504 thousand for the period, reflecting challenges in asset valuation[63]. Corporate Governance - The company has adhered to the corporate governance code during the first half of 2024, with the exception of the separation of the roles of Chairman and CEO[56]. - The Audit Committee, composed of three independent non-executive directors, has reviewed the financial reporting process and internal controls for the six months ending June 30, 2024[59]. - The Nomination Committee is responsible for recommending suitable candidates for the board and reviewing its structure and composition at least annually[60]. Shareholder Information - The board of directors resolved not to declare an interim dividend for the first half of 2024, consistent with the previous year[44]. - As of June 30, 2024, Chairman Chen Wantian holds 308,222,187 shares, representing approximately 15.77% of the company's equity[47]. - The company has a total of 68,500,000 shares available for issuance under the share option plan, equivalent to about 3.51% of the company's issued share capital as of June 30, 2024[53]. Future Outlook - The company remains optimistic about the future performance of its core businesses in precious metals and jewelry[24]. - The company plans to continue focusing on the manufacturing and jewelry new retail segments while expanding its fresh food retail business[77]. - The company anticipates continued demand for precious metals due to high levels of risk aversion in the global market[24].

Revenue and Profit Performance - The group's revenue for the first half of 2024 was approximately RMB 2,321.2 million, a decrease of about 17.2% compared to RMB 2,804.6 million in the first half of 2023[1] - The net profit attributable to the company's owners for the first half of 2024 was approximately RMB 20.6 million, an increase of about 27.2% from RMB 16.2 million in the same period of 2023[1] - The total comprehensive income for the period was RMB 10.3 million, compared to RMB 1.8 million in the first half of 2023[3] - The company reported a profit before tax of RMB 12,177 thousand for the ongoing business, compared to a loss of RMB 168 thousand in the same period of the previous year[12] - For the six months ended June 30, 2024, the profit attributable to the owners of the company from continuing operations was RMB 20,556,000, compared to RMB 14,203,000 for the same period in 2023, representing an increase of approximately 44.5%[26] - In the first half of 2024, the company recorded a net profit attributable to shareholders of approximately RMB 20.6 million, an increase of about 27.2% compared to RMB 16.2 million in the same period of 2023[40] Segment Performance - The manufacturing segment experienced a decline in sales but an increase in net profit due to higher silver prices and improved cost control, leading to a reduction in administrative and other expenses[1] - The jewelry retail segment saw a significant decline in gold product sales, but silver product sales increased, resulting in a higher gross profit margin for silver products compared to gold[1] - Revenue from the manufacturing segment was RMB 2,220,488 thousand for the six months ended June 30, 2024, down from RMB 2,584,609 thousand in the same period of 2023, indicating a decline of about 14.1%[16] - The jewelry retail segment generated revenue of RMB 98,509 thousand, compared to RMB 141,867 thousand in the previous year, reflecting a decrease of approximately 30.6%[16] - The fresh food retail segment reported revenue of RMB 2,248 thousand, significantly lower than RMB 78,106 thousand in the prior year, marking a decline of around 97.1%[16] - The fresh food retail segment confirmed a goodwill impairment loss of approximately RMB 8.5 million due to business restructuring and strategy adjustments[41] Assets and Liabilities - The group's total assets as of June 30, 2024, were RMB 1,848.7 million, slightly down from RMB 1,863.6 million as of December 31, 2023[5] - The net current assets increased to RMB 1,111.6 million from RMB 1,084.3 million[5] - As of June 30, 2024, total equity reached RMB 1,248,402 thousand, a slight increase from RMB 1,238,100 thousand as of December 31, 2023, representing a growth of approximately 0.13%[6] - The company's non-controlling interests decreased from RMB 786,629 thousand as of December 31, 2023, to RMB 776,375 thousand as of June 30, 2024, a decline of about 1.9%[6] - The total bank borrowings as of June 30, 2024, were RMB 408,700,000, a decrease from RMB 445,000,000 as of December 31, 2023[38] - The utilized bank borrowings were RMB 407,200,000 as of June 30, 2024, down from RMB 421,200,000 as of December 31, 2023[38] Expenses and Cost Management - The company's cost of sales and services was approximately RMB 2,251.1 million in the first half of 2024, a decrease of about 18.1% from RMB 2,749.3 million in the first half of 2023[55] - Gross profit increased to approximately RMB 70.1 million in the first half of 2024, up about 26.9% from RMB 55.3 million in the first half of 2023, with a gross margin improvement from 1.97% to 3.02%[57] - Selling and distribution expenses decreased by approximately 22.2% to RMB 12.7 million in the first half of 2024 from RMB 16.3 million in the first half of 2023[58] - Administrative expenses reduced by approximately 21.8% to RMB 20.5 million in the first half of 2024 from RMB 26.2 million in the first half of 2023[59] Credit and Impairment Provisions - The expected credit loss provision for trade and other receivables was approximately RMB 6.1 million in the first half of 2024, compared to RMB 1.4 million in the same period of 2023[2] - The company has made conservative impairment provisions for trade and other receivables, recognizing a net impairment loss of approximately RMB 6.1 million in the first half of 2024, compared to RMB 1.4 million in the same period of 2023[41] - The expected credit loss provisions for trade receivables increased to RMB 3,401,000 in the first half of 2024, compared to RMB 1,418,000 in the same period of 2023[34] Strategic Developments - The company has suspended the rapid expansion of its fresh food retail business and is focusing on developing more competitive product lines[39] - The company is developing a new artificial diamond brand, SISI, which has begun to enter the market after significant investment in brand planning and marketing[44] - The company has acquired a 51% stake in Jiangxi Letong New Materials Co., Ltd., which holds exploration permits for mineral resources in Tibet, aiming to diversify business risks and create synergies[51] - The company is closely monitoring the trends in gold and silver prices, which have surged due to geopolitical tensions and central bank purchases, to capitalize on growth opportunities in its main gold and silver business[44] Corporate Governance and Compliance - The audit committee reviewed the financial reporting process and confirmed that the unaudited condensed consolidated financial statements for the first half of 2024 were prepared in accordance with applicable accounting standards[76] - The company has maintained compliance with corporate governance codes, although the roles of Chairman and CEO are held by the same individual[73] - The board decided not to declare an interim dividend for the first half of 2024, consistent with the previous year where no dividend was declared[71] Employee and Operational Metrics - As of June 30, 2024, the group employed 190 staff, down from 274 employees as of December 31, 2023, with total compensation for the first half of 2024 amounting to RMB 16.3 million, a decrease from RMB 20.5 million in the same period of 2023[69] - The company continues to provide adequate training and professional development opportunities for all employees to meet their career development needs[69]

Financial Performance - The company reported a revenue of approximately RMB 5,545.1 million for the fiscal year ending December 31, 2023, representing a significant increase of about 71.6% compared to RMB 3,231.6 million in the previous year[20]. - The net profit attributable to the company's owners for the fiscal year 2023 was approximately RMB 14.5 million, a turnaround from a net loss of approximately RMB 120.8 million in 2022[20]. - The manufacturing segment reported external sales revenue of approximately RMB 5,044.5 million for the year ended December 31, 2023, a significant increase of about 250.0% compared to RMB 1,441.3 million for the year ended December 31, 2022[23]. - The manufacturing segment achieved a profit of approximately RMB 55.5 million in 2023, recovering from a loss of approximately RMB 22.4 million in 2022[23]. - The group achieved a gross profit of approximately RMB 109.1 million in 2023, a significant increase of about 65.8% from RMB 65.8 million in 2022, with a maintained gross margin of approximately 2.0%[72]. - The company completed the sale of its silver trading business on November 1, 2023, recording a sale gain of approximately RMB 1.6 million[67]. - Other income increased from approximately RMB 4.9 million for the year ended December 31, 2022, to approximately RMB 11.5 million for the year ended December 31, 2023, primarily from government subsidies and bank interest income[76]. Business Segments - The manufacturing business segment saw a notable increase in sales, attributed to the resumption of operations after a production halt and government subsidies that reduced unit sales costs[21]. - The jewelry new retail business segment contributed to the overall sales increase, while the fresh food retail business segment experienced a decline in sales[20]. - The jewelry new retail segment recorded external sales of approximately RMB 410.5 million in 2023, up from RMB 280.5 million in 2022, but the segment incurred a loss of approximately RMB 7.8 million compared to a loss of RMB 9.1 million in the previous year[33]. - The fresh food retail business segment recorded revenue of approximately RMB 90.1 million in 2023, a significant decline from RMB 1,509.8 million in 2022, accounting for about 1.6% of the total revenue (46.5% in 2022)[51]. - The fresh food retail business reported sales of approximately RMB 90.1 million in 2023, a decrease of about 94.0% from RMB 1,509.8 million in 2022, mainly due to strategic adjustments and a decline in pig prices[66]. Strategic Initiatives - The company aims to continue its transformation into a comprehensive enterprise in precious metals, including silver, gold, and palladium[14]. - The company plans to leverage its unique production model to enhance the quality of its silver ingots and palladium products[22]. - The company has expanded its operations into the S2B2C agricultural product platform through an investment in Jiangsu Nongmuren E-commerce Co., Ltd.[14]. - The group plans to enhance its supply chain capabilities and develop new business lines, focusing on cost reduction and efficiency improvements[50]. - The group will continue to explore suitable business opportunities within and outside its core industry, including the fresh food retail sector, to diversify its business risks[57]. Corporate Governance - The company emphasizes high standards of corporate governance to protect shareholder interests and enhance corporate value[106]. - The board consists of three executive directors and three independent non-executive directors, adhering to the corporate governance code[106]. - The company is actively reviewing the separation of the roles of Chairman and CEO to enhance governance practices[106]. - The company has established a board independence assessment mechanism to ensure strong independence within the board[138]. - The company has adopted a board diversity policy, aiming to have at least one female member by December 31, 2024[127][129]. Risk Management - The company faces strategic risks due to changes in the business, economic, regulatory, or political environment, which may adversely affect performance and strategic goals[167]. - Legal and compliance risks may arise from unexpected legal or regulatory impacts, potentially leading to fines and operational costs[167]. - The company has implemented a whistleblowing policy allowing employees and stakeholders to report misconduct confidentially[168]. - The company is committed to actively monitoring industry trends and competitor changes to mitigate strategic risks[167]. - The risk management committee has been established to assist the board in monitoring the risk management and internal control systems[157]. Employee and Remuneration Policies - The company employed 274 staff as of December 31, 2023, down from 352 staff in the previous year, with total remuneration approximately RMB 39.4 million[89]. - The company’s remuneration policy is based on individual employee performance and benchmarks against salary trends in Hong Kong and China[181]. - The company is committed to enhancing gender diversity at all levels, including senior management[142]. Shareholder Communication - The company has implemented a shareholder communication policy to ensure timely and transparent communication with shareholders[188]. - The board has reviewed the effectiveness of the shareholder communication policy, and the results were satisfactory[191]. - The company encourages shareholders to submit written notices for director nominations at least seven days before the general meeting[197].

Financial Performance - The company's revenue for the year 2023 was approximately RMB 5,545.1 million, a significant increase of about 71.6% compared to RMB 3,231.6 million in 2022[2]. - The profit attributable to the owners of the company for 2023 was approximately RMB 14.5 million, a turnaround from a loss of RMB 120.8 million in 2022[2]. - The gross profit for the year 2023 was RMB 109.1 million, compared to RMB 65.8 million in 2022[5]. - Basic earnings per share for 2023 were RMB 0.007, a recovery from a loss of RMB 0.065 in 2022[6]. - The company reported a net loss attributable to owners of the company of RMB 12,065 thousand in 2023, a significant improvement from a loss of RMB 61,522 thousand in 2022[40]. - The group reported a net profit attributable to shareholders of approximately RMB 14.5 million for the year ended December 31, 2023, compared to a net loss of approximately RMB 120.8 million in the previous year, marking a turnaround from loss to profit[61]. - The group reported a loss from continuing operations before tax of RMB 21,494 for the year ended December 31, 2023, compared to a loss of RMB 85,058 in 2022[19][20]. Segment Performance - The manufacturing segment recorded a profit of approximately RMB 55.5 million in 2023, compared to a loss of RMB 22.4 million in 2022, due to resumed operations and government subsidies[2][3]. - The jewelry new retail segment experienced a loss of approximately RMB 7.8 million in 2023, despite an increase in sales volume, primarily due to lower gross margins on gold products[4]. - The fresh food retail segment reported a loss of approximately RMB 26.9 million in 2023, attributed to reduced trading volumes and lower pig prices compared to 2022[4]. - The jewelry segment generated revenue of RMB 5,092,975, while the fresh food segment contributed RMB 410,458, and the retail segment added RMB 90,074[19]. - The jewelry retail business recorded external sales of approximately RMB 410.5 million for the year ended December 31, 2023, a significant increase from RMB 280.5 million in 2022, accounting for about 7.4% of the group's total revenue[77]. - The fresh food retail business experienced a significant decline in 2023 compared to 2022, shifting from rapid expansion to a focus on refined operational profitability[81]. - The fresh food retail business segment saw a drastic decline in sales, recording approximately RMB 90.1 million for the year ended December 31, 2023, down about 94.0% from RMB 1,509.8 million in 2022, mainly due to the consolidation phase of the "Agricultural and Pastoralist" S2B2C platform[97]. Assets and Liabilities - Total assets decreased from RMB 1,930,669 thousand in 2022 to RMB 1,863,609 thousand in 2023, a decline of approximately 3.5%[7]. - Non-current assets decreased from RMB 212,500 thousand in 2022 to RMB 159,440 thousand in 2023, a reduction of about 25%[7]. - Current liabilities decreased from RMB 870,297 thousand in 2022 to RMB 779,309 thousand in 2023, a decrease of approximately 10.5%[7]. - Total equity decreased from RMB 1,257,883 thousand in 2022 to RMB 1,238,100 thousand in 2023, a decline of about 1.6%[8]. - The total assets as of December 31, 2023, amounted to RMB 2,023,049, a decrease from RMB 2,143,169 in 2022[22][23]. - The total liabilities increased to RMB 784,949 in 2023 from RMB 885,286 in 2022, indicating a reduction of approximately 11.3%[22][23]. Cash Flow and Financing - The company incurred financing costs of RMB 25.66 million in 2023, compared to RMB 22.58 million in 2022[5]. - The company’s bank borrowings totaled RMB 421,200,000 in 2023, up from RMB 406,382,000 in 2022, indicating a rise of 3.9%[54]. - As of December 31, 2023, the group's bank balances and cash amounted to approximately RMB 524.7 million, a decrease from RMB 589.2 million in 2022[119]. - The group’s bank borrowings amounted to RMB 189,500,000 at a fixed annual interest rate ranging from 4.25% to 5.61% as of December 31, 2023, compared to RMB 223,382,000 in 2022[58]. Operational Strategies and Future Plans - The company plans to continue expanding its fresh food retail business and enhance its online and offline integration services[19]. - The company aims to improve its operational efficiency and reduce costs in the upcoming fiscal year[19]. - The group plans to strengthen its position in the precious metals market while exploring suitable business opportunities to diversify risks[88]. - The fresh food retail business is implementing a refined operation strategy through S2B2C models to enhance supply chain stability and pricing advantages[90]. - The company has established partnerships with major third-party platforms, including JD.com, Tmall, and Douyin, to enhance brand recognition and sales performance[78]. Employee and Operational Costs - The company’s total employee costs slightly decreased to RMB 39,352 thousand in 2023 from RMB 39,898 thousand in 2022, indicating cost control measures[37]. - Selling and distribution expenses decreased by approximately 20.7% to about RMB 33.3 million for the year ended December 31, 2023, down from approximately RMB 42.0 million in 2022, primarily due to the significant decline in revenue from the fresh food retail segment[103]. - Administrative expenses decreased by approximately 26.1% to about RMB 58.4 million for the year ended December 31, 2023, down from approximately RMB 79.0 million in 2022, mainly due to the reclassification of indirect production costs[104]. Market Trends and Product Development - The company has developed a new business line with the launch of the lab-grown diamond brand SISI, focusing on marketing and product design, with plans for nationwide regional agency development[72]. - The lab-grown diamond industry in China is still in its early stages, but it is expected to experience significant growth as consumer awareness increases over the next one to two years[72]. - The group is focusing on enhancing supply chain capabilities and reducing marketing costs to minimize losses and improve profitability[82]. - The group remains confident in the future demand for precious metals and jewelry retail markets, driven by sustained high levels of risk aversion globally[88].

Financial Performance - In the first half of 2023, the company recorded a net profit attributable to owners of approximately RMB 16.2 million, a significant turnaround from a net loss of RMB 29.9 million in the same period of 2022[23]. - The company's revenue for the first half of 2023 was RMB 2,813 million, compared to RMB 2,585 million in the first half of 2022, reflecting an increase of approximately 8.8%[10]. - The group's revenue for the first half of 2023 was approximately RMB 2,812.5 million, a significant increase of about 195.3% compared to RMB 952.3 million in the first half of 2022[58]. - Gross profit for the first half of 2023 was approximately RMB 66.7 million, a substantial increase of about 93.4% from RMB 34.5 million in the same period of 2022, although the overall gross margin decreased to about 2.4% from 3.6%[67]. - The company reported a profit of RMB 16,164 thousand for the six months ended June 30, 2023, compared to a loss of RMB 29,948 thousand in the same period last year[118]. Segment Performance - The manufacturing segment contributed 91.9% of total revenue in 2023, while the jewelry new retail segment accounted for 5.0%, silver trading for 2.8%, and fresh food retail for 0.3%[14]. - The manufacturing segment reported external sales revenue of approximately RMB 2,584.6 million, a significant increase of approximately 2,433.4% compared to RMB 102.0 million in the same period of 2022[26]. - The jewelry new retail segment recorded external sales of approximately RMB 141.9 million in the first half of 2023, down from RMB 160.9 million in the same period of 2022, representing about 5.0% of the group's total revenue[30]. - The fresh food retail business segment generated revenue of approximately RMB 78.1 million in the first half of 2023, a decrease from RMB 677.3 million in the first half of 2022, accounting for about 2.78% of the group's total revenue[48]. - The silver trading segment recorded a net profit in the first half of 2023 despite low trading volumes and commission income due to a lack of investor interest in silver trading[24]. Operational Developments - The company successfully resumed production in its manufacturing segment after a year-long suspension, leading to significantly higher sales of silver bars in the first half of 2023 compared to the same period in 2022[24]. - The company has implemented production upgrades and adjustments in its manufacturing facilities, contributing to improved operational efficiency and cost reduction[24]. - The group has launched a new business line focusing on lab-grown diamonds under the SISI brand, which emphasizes emotional connections and innovative diamond cultivation technology[31]. - The group is exploring new growth points in the jewelry retail business, particularly in lab-grown diamonds and colored gemstones, to capitalize on market potential[30]. - The group is focusing on optimizing its operational strategies in the fresh food retail segment, which has not yet generated net profit in the first half of 2023[27]. Business Expansion and Diversification - The company has expanded its business by acquiring a 51% stake in Jiangsu Nongmuren E-commerce Co., enhancing its fresh food retail segment and diversifying its revenue streams[22]. - The company aims to reduce business risks associated with over-reliance on the precious metals industry by diversifying into fresh food retail and other sectors[22]. - The group plans to establish new fresh product platforms such as "Beef Master," "Lamb Master," and "Noodle Master" in 2023 to capture more market share[54]. - The company is focusing on expanding its new retail business and integrating online and offline sales for fresh food in China[138]. - The company has plans to enhance its electronic platform for silver trading and related services, aiming to capture a larger market share[138]. Financial Position and Management - The net asset value remained stable at approximately RMB 1,258 million as of June 30, 2023, compared to RMB 1,259 million at the end of 2022[16]. - As of June 30, 2023, the group's bank borrowings amounted to approximately RMB 426.5 million, an increase from RMB 406.4 million as of December 31, 2022[74]. - The net asset liability ratio as of June 30, 2023, was approximately -13.6%, slightly improved from -14.5% as of December 31, 2022[74]. - The company's equity attributable to owners increased to RMB 452,885 thousand from RMB 436,738 thousand, a rise of about 3.7%[115]. - The company has maintained a stable liquidity position, primarily funded through internal resources and bank borrowings[82]. Corporate Governance - The company has adhered to the corporate governance code, with the exception of the separation of the roles of chairman and CEO[102]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting process and risk management systems[105]. - The company has established a nomination committee to recommend suitable candidates for the board and review its structure annually[108]. - The company continues to focus on enhancing its corporate governance practices to protect shareholder interests and improve corporate value[102]. Shareholder Information - Major shareholders hold significant stakes, with Ms. Zhou Peizhen owning approximately 20.76% of the company's shares[93]. - The total number of options available under the 2012 plan is 70,950,000 shares, representing about 3.63% of the issued share capital as of June 30, 2023[98]. - Under the 2015 plan, the total number of options available is 81,000,000 shares, accounting for approximately 4.15% of the issued share capital as of June 30, 2023[100]. - The company aims to reward participants who have contributed to its growth through the stock option plans established in 2012 and 2015[97]. - The company has a total of 24,059,658 options authorized for grant under all stock option plans as of June 30, 2023[100].

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，概不就因本公告全部或任何 部分內容所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 SILVER GROUP LIMITED 中 國 白 銀 集 團 有 限 公司 （於開曼群島註冊成立的有限公司） 815 （股份代號： ） 截至二零二三年六月三十日止六個月之 中期業績公告 二零二三年中期業績摘要 2,812.5 本集團二零二三年上半年的收入約為人民幣 百萬元（二零二二年上半年：人 952.3 195.3% 民幣 百萬元），較二零二二年上半年大幅增加約 。 16.2 二零二三年上半年，本集團錄得本公司擁有人應佔利潤約人民幣 百萬元（二零 29.9 二二年上半年：應佔虧損約人民幣 百萬元）。同比轉虧為盈乃主要由於以下因 ...

目錄 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 3 | | 我們的里程碑 | 4 | | 精選品牌與產品 | 5 | | 主席報告 | 6 | | 管理層討論與分析 | 16 | | 董事及高級管理層簡歷 | 26 | | 企業管治報告 | 28 | | 董事會報告 | 45 | | 獨立核數師報告 | 63 | | 綜合損益及其他全面收益表 | 66 | | 綜合財務狀況表 | 67 | | 綜合權益變動表 | 69 | | 綜合現金流量表 | 70 | | 綜合財務報表附註 | 72 | | 五年財務概要 | 156 | 目錄 公司資料 執行董事 陳萬天 宋國生 柳建東 獨立非執行董事 宋鴻兵 李海濤 曾一龍 審核委員會 曾一龍（主席） 宋鴻兵 李海濤 薪酬委員會 李海濤（主席） 陳萬天 宋鴻兵 提名委員會 陳萬天（主席） 宋鴻兵 李海濤 公司秘書 陳瀚濤，HKICPA FCCA 授權代表 陳萬天 陳瀚濤 開曼群島股份過戶登記處 Conyers Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. ...