Financial Performance - Revenue for the six months ended January 31, 2022, was RMB 85,583,000, a decrease of 39.1% compared to RMB 140,794,000 for the same period in 2021[24] - Gross profit for the same period was RMB 10,201,000, down 65.1% from RMB 29,203,000 in the previous year[24] - Operating loss increased to RMB 9,552,000, compared to a loss of RMB 2,966,000 in the prior year, reflecting a significant decline in profitability[24] - The net loss attributable to the owners of the company was RMB 7,821,000, compared to RMB 6,620,000 in the previous year, indicating a worsening financial position[24] - Basic and diluted loss per share for the period was RMB 0.34, compared to RMB 0.29 in the same period last year[24] - Other income decreased to RMB 1,578,000 from RMB 2,830,000, showing a decline of 44.3% year-over-year[24] - Reported segment revenue for the six months ended January 31, 2022, was RMB 85,583 thousand, a decrease of 39.2% from RMB 140,794 thousand in the previous year[71] - Reported segment profit for the same period was RMB 5,589 thousand, down 79.7% from RMB 27,527 thousand year-on-year[74] Revenue Breakdown - Revenue from plastic injection molding was RMB 56,520,000, down 37.7% from RMB 90,806,000 year-on-year[66] - Revenue from electronic product assembly was RMB 26,860,000, a decrease of 44.8% compared to RMB 48,681,000 in the previous year[66] - Revenue from mold design and manufacturing increased to RMB 2,203,000, up 68.4% from RMB 1,307,000 year-on-year[66] - Revenue recognized at a point in time was RMB 68,083,000, down 31.4% from RMB 99,250,000 in the previous year[66] - Revenue recognized over a period was RMB 17,500,000, a decrease of 57.8% compared to RMB 41,544,000 for the same period in 2021[66] Asset and Liability Management - Total assets decreased from RMB 491,956 thousand to RMB 425,195 thousand, a decline of approximately 13.5%[31] - Non-current assets decreased from RMB 297,697 thousand to RMB 285,039 thousand, a reduction of about 4.3%[31] - Current assets decreased significantly from RMB 194,259 thousand to RMB 140,156 thousand, representing a drop of approximately 27.8%[31] - Total liabilities decreased from RMB 141,154 thousand to RMB 82,214 thousand, a reduction of approximately 41.8%[34] - The company's equity attributable to owners decreased from RMB 350,802 thousand to RMB 342,981 thousand, a decline of about 2.3%[31] Cash Flow and Financing - The company reported a net cash flow from operating activities of RMB 14,506 thousand, compared to a cash outflow of RMB 10,475 thousand in the previous period[41] - The net cash flow from investing activities was RMB 1,088 thousand, down from RMB 5,602 thousand in the previous period[41] - The net cash used in financing activities was RMB 8,343 thousand, compared to RMB 39,757 thousand in the previous period, indicating a significant reduction[41] - Cash and cash equivalents increased from RMB 43,196 thousand to RMB 50,327 thousand, an increase of about 16.5%[41] - Total borrowings decreased significantly to RMB 7,768,000 as of January 31, 2022, from RMB 53,625,000 as of July 31, 2021, a reduction of approximately 85.5%[122] Operational Adjustments - The company is focusing on new product development and market expansion to drive future growth[12] - The company has not reported any new products or technologies in this period, focusing instead on financial restructuring and cost management strategies[46] - The company plans to streamline operations and improve financial stability by adopting a light-asset model to enhance operational flexibility[149] Governance and Compliance - The company has complied with the corporate governance code, except for a deviation regarding the separation of roles between the Chairman and CEO[182] - The company’s board will regularly review the effectiveness of its governance structure[182] - The audit committee reviewed the interim financial performance and confirmed compliance with applicable accounting standards and regulations[165] Market and Risk Factors - Future outlook remains cautious due to ongoing market challenges and the need for strategic adjustments[12] - The group continues to face various financial risks, including market risk, credit risk, and liquidity risk[55] - The risk management policies have remained unchanged since July 31, 2021[56]

Financial Performance - The group's revenue for the fiscal year was RMB 256.2 million, a significant decrease of 46.88% compared to RMB 482.33 million in the previous fiscal year[22]. - Gross profit decreased from RMB 59.91 million to RMB 54.31 million, while the gross margin improved from 12.42% to 21.20%[22]. - The company recorded a loss attributable to owners of RMB 5.61 million, an improvement from a loss of RMB 33.72 million in the previous fiscal year[22]. - Revenue from the plastic injection molding business was RMB 154,100,000, a decrease of RMB 4,020,000 or 2.54% from RMB 158,120,000 in the previous year[30]. - The assembly electronic products segment saw a significant revenue drop to RMB 95,730,000, down RMB 205,430,000 or 68.21% from RMB 301,160,000 last year[31]. - The mold design and manufacturing segment recorded revenue of RMB 6,370,000, a decrease of RMB 16,680,000 or 72.36% from RMB 23,050,000 in the previous year[32]. - The company reported a significant increase in revenue for the fiscal year ending July 31, 2021, with a year-over-year growth of 15%[126]. - The company reported a net profit margin of 12% for the fiscal year, which is an improvement from 10% in the previous year[126]. Assets and Liabilities - Total assets decreased to RMB 491.96 million from RMB 629.34 million, while total liabilities reduced to RMB 141.15 million from RMB 272.63 million[10]. - The net cash/debt position shifted from a net cash of RMB 7.84 million to a net debt of RMB 1.79 million[10]. - As of July 31, 2021, the group's cash and cash equivalents, along with restricted bank balances, totaled RMB 91,630,000, a decrease from RMB 165,670,000 in 2020[41]. - The group's outstanding interest-bearing borrowings, including lease liabilities and loans from a director, amounted to RMB 89,850,000 as of July 31, 2021, down from RMB 173,510,000 in 2020[41]. - The total assets of the company reached approximately $500 million, reflecting a 10% increase compared to the previous fiscal year[126]. Expenses and Cost Management - Selling expenses decreased by RMB 3,830,000 or 39.36% to RMB 5,900,000 from RMB 9,730,000 last year[36]. - General and administrative expenses were RMB 45,070,000, a decrease of RMB 8,800,000 or 16.34% from RMB 53,870,000 in the previous year[37]. - Financial expenses decreased by 44.35% to RMB 5,710,000 from RMB 10,260,000 last year, mainly due to reduced interest-bearing borrowings[38]. - Other net losses amounted to RMB 7,480,000, compared to RMB 26,560,000 in the previous year, primarily due to property and equipment sales[33]. Employee and Workforce Management - The group employed 490 staff as of July 31, 2021, a reduction from 935 in 2020, leading to a decrease in human resources expenses to RMB 58,740,000 from RMB 108,300,000[53]. - The total workforce decreased from 935 employees in FY2019 to 490 employees in FY2020, representing a reduction of approximately 47.7%[99]. - Employee turnover rate decreased from 72.43% in FY2019 to 63.30% in FY2020, indicating an improvement in employee retention[99]. - The average training hours per employee during the reporting period was 13.32 hours, with new hires required to complete at least 24 hours of safety and operational training[85]. Environmental and Social Governance (ESG) - The board actively integrates environmental, social, and governance (ESG) systems into key business decisions[63]. - The group aims to maximize solar energy consumption in its total electricity usage[65]. - The group has implemented robust waste management control procedures to effectively identify, isolate, and handle hazardous and non-hazardous waste[68]. - The company has adopted the "5Rs" principle in its waste management program, emphasizing replacement, reduction, reuse, recovery, and recycling[70]. - The company has invested RMB 80,000,000 in renewable energy, specifically solar energy, generating over 8,969,836 kWh of electricity during the reporting period[71]. - Solar energy currently provides approximately 20% of the electricity consumed in the company's production process[71]. - The company has renewed its ISO 14001:2015 environmental management system certification, demonstrating its commitment to reducing its environmental footprint[74]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, adhering to the latest developments in governance practices[122]. - The company has established a securities trading code to ensure compliance with regulatory standards, with all directors confirming adherence during the fiscal year[125]. - The board of directors held four meetings during the fiscal year to review and approve the company's strategies and financial performance[127]. - The company has adopted a diversity policy for board members, aiming for at least 40% of board members to be non-executive or independent non-executive directors[140]. Risk Management - The company is exposed to various financial risks, including foreign exchange risk, credit risk, liquidity risk, and cash flow risk[56]. - The company has adopted internal control and risk management policies to ensure compliance with relevant laws and regulations[185]. - The board conducted an annual review of the risk management and internal control systems, ensuring their effectiveness[167]. Community Engagement - The company has a strong commitment to community investment, supporting various charitable services and encouraging employee participation in community service[95]. - The company donated 12 air purifiers to Wuhan Central Hospital and 3 to China Resources Wugang General Hospital during the COVID-19 pandemic[95].

Financial Performance - Revenue for the six months ended January 31, 2021, was RMB 140,794 thousand, a decrease of 42.4% compared to RMB 243,986 thousand for the same period in 2020[11] - Gross profit for the same period was RMB 29,203 thousand, with a gross margin of 20.7%, compared to RMB 27,561 thousand and a gross margin of 11.3% in 2020[11] - Operating loss for the six months was RMB 2,966 thousand, compared to an operating loss of RMB 2,076 thousand in the previous year[11] - Loss attributable to owners of the company was RMB 6,620 thousand, a decrease of 19.4% from RMB 8,212 thousand in the same period last year[11] - Basic and diluted loss per share was RMB 0.29, an improvement from RMB 0.36 in the previous year[11] - The company reported a net loss before tax of RMB 6,939 thousand, slightly improved from RMB 7,792 thousand in the previous year[11] - Other income for the period was RMB 2,830 thousand, down from RMB 4,632 thousand in the same period last year[11] - The company reported a total of RMB 140,794,000 in revenue recognized at a point in time, compared to RMB 92,318,000 in the previous year, reflecting a growth of 7.2%[55] - Reportable segment profit for the same period was RMB 27,527 thousand, up from RMB 24,509 thousand in 2020, reflecting an increase of 8.2%[64] Cost Management and Operational Focus - The company is focusing on cost management strategies to improve profitability in the upcoming quarters[9] - Future outlook indicates a cautious approach due to market uncertainties, with plans to enhance operational efficiency and explore new market opportunities[9] - The company is engaged in the manufacturing and sales of plastic injection molded products and electronic assembly, indicating ongoing operational focus despite financial challenges[37] Assets and Liabilities - Total assets decreased from RMB 629,340 thousand as of July 31, 2020, to RMB 520,230 thousand as of January 31, 2021, representing a decline of approximately 17.4%[19] - Non-current assets decreased from RMB 308,145 thousand to RMB 273,530 thousand, a reduction of about 11.2%[19] - Current assets decreased from RMB 294,566 thousand to RMB 212,085 thousand, reflecting a decrease of approximately 28.0%[19] - Total liabilities decreased from RMB 272,626 thousand to RMB 170,136 thousand, a decline of about 37.5%[21] - Cash and cash equivalents decreased significantly from RMB 104,430 thousand to RMB 49,334 thousand, a drop of approximately 52.8%[19] - The company’s equity attributable to owners decreased from RMB 356,714 thousand to RMB 350,094 thousand, a slight decline of about 1.8%[19] - Total borrowings amounted to RMB 60,326,000 as of January 31, 2021, down from RMB 128,554,000 as of July 31, 2020, representing a decrease of about 53%[119] - Accounts payable decreased to RMB 32,521,000 as of January 31, 2021, from RMB 58,107,000 as of July 31, 2020, indicating a reduction of approximately 44.3%[121] Revenue Breakdown - Revenue from plastic injection molding was RMB 90,806,000, down 9.2% from RMB 100,039,000 year-on-year[55] - Revenue from electronic assembly products was RMB 48,681,000, a significant decline of 62.4% from RMB 129,255,000 in the previous year[55] - Revenue from mold design and manufacturing was RMB 1,307,000, a decrease of 91.1% compared to RMB 14,692,000 for the same period last year[55] - Revenue from mainland China was RMB 86,077 thousand, down 15.2% from RMB 101,495 thousand in the previous year[67] - Revenue from Europe increased significantly to RMB 31,356 thousand, compared to RMB 6,616 thousand in the previous year, marking a growth of 373.5%[67] Financial Costs and Expenses - Net finance costs decreased to RMB 3,973 thousand from RMB 5,716 thousand, indicating a reduction of 30.6%[11] - The cost of sales for the period was RMB 111,591 thousand, down from RMB 216,425 thousand in the previous year, a decrease of 48.7%[73] - Operating expenses decreased from RMB 34,850,000 to RMB 29,810,000, a reduction of RMB 5,040,000[142] - Selling expenses decreased by RMB 3,050,000 or 49.11%, totaling RMB 3,160,000[146] - General and administrative expenses were RMB 26,650,000, a decrease of RMB 1,990,000 or 6.95% compared to RMB 28,640,000[149] Governance and Compliance - The company has complied with the corporate governance code as per the listing rules, except for the separation of roles between the chairman and the CEO[181] - The company has adopted a securities trading code for its directors and senior management, in line with the listing rules[182] - The company will regularly review the effectiveness of its governance arrangements[181] - No directors were found to have violated the securities trading code during the reporting period[182] Shareholder Information - As of January 31, 2021, the company’s director Ma Jinlong holds 158,904,532 shares, representing 6.89% of the company[169] - The director Yan Senyan owns 44,671,395 shares, which is 1.94% of the company[171] - Major shareholder VS Berhad holds 1,000,109,963 shares, accounting for 43.34% of the company[180]

Financial Performance - The company's revenue for the fiscal year was RMB 482,330,000, a decrease of 25.69% compared to RMB 649,090,000 in the previous fiscal year[43]. - Gross profit increased from RMB 28,340,000 to RMB 59,910,000, with the gross margin rising from 4.37% to 12.42%[43]. - The company recorded a loss attributable to owners of RMB 33,720,000, an improvement from a loss of RMB 122,160,000 in the previous fiscal year[43]. - Sales from plastic injection molding were RMB 158,115,000, a decrease from RMB 356,006,000 in the previous year[39]. - Sales from electronic product assembly increased to RMB 301,160,000 from RMB 250,503,000, showing a growth of approximately 20.2%[39]. - The company reported revenue of RMB 482,330,000, a decrease of RMB 166,760,000 or 25.69% compared to last year[50]. - The gross profit increased to RMB 59,910,000, representing 12.42% of revenue, up from RMB 28,340,000 or 4.37% last year[50]. - The assembly electronic products segment generated revenue of RMB 301,160,000, an increase of RMB 50,660,000 or 20.22% from RMB 250,500,000 in the previous year[52]. - The plastic injection molding segment saw a significant decline in revenue to RMB 158,120,000, down RMB 197,890,000 or 55.59% from RMB 356,010,000 last year[51]. - The company recorded a net loss of RMB 26,560,000, compared to a loss of RMB 44,950,000 in the previous year[54]. Assets and Liabilities - Total assets decreased to RMB 629,340,000 from RMB 727,592,000, reflecting a decline of approximately 13.5%[29]. - Total liabilities reduced to RMB 272,626,000 from RMB 336,254,000, indicating a decrease of about 18.9%[29]. - Net borrowings significantly decreased to RMB 7,838,000 from RMB 72,572,000, a reduction of approximately 89.2%[29]. - Capital expenditures were RMB 7,345,000, down from RMB 25,817,000, representing a decline of about 71.5%[29]. - The debt ratio (net) improved to 1.25% from 9.97%[29]. - The total outstanding interest-bearing borrowings, including lease liabilities and loans from a director, decreased to RMB 173,510,000 from RMB 210,910,000 last year[61]. - The net interest-bearing borrowings stood at RMB 7,840,000, a significant reduction from RMB 72,570,000 in the previous year, representing 1.25% of total assets[61]. Expenses and Cost Management - Selling expenses decreased by RMB 6,600,000 or 40.42% to RMB 9,730,000 compared to RMB 16,330,000 last year[57]. - General and administrative expenses were reduced by RMB 23,820,000 or 30.66% to RMB 53,880,000 from RMB 77,700,000 in the previous year[58]. - The total human resources expenses for the fiscal year were RMB 108,300,000, down from RMB 161,020,000 in 2019, attributed to a reduction in employee count from 1,706 to 935[71]. Environmental and Sustainability Initiatives - The group invested RMB 80,000,000 in renewable energy, specifically solar power, generating over 8,915,904 kWh of electricity during the reporting period[84]. - Approximately 20% of the electricity consumed in the group's production process is sourced from solar energy[84]. - The group has implemented a waste management program based on the "5Rs" principle, promoting replacement, reduction, reuse, recovery, and recycling[83]. - The group has adopted water-saving measures across all business units, leading to improved water efficiency during operations[86]. - The group has renewed its ISO14001:2015 environmental management system certification, reflecting its commitment to reducing its environmental footprint[87]. - The group has established robust waste management control procedures to identify, isolate, and handle hazardous and non-hazardous waste[83]. - The group has set a target to reduce energy consumption through the use of energy-efficient LED lighting and other sustainable practices[84]. - The group promotes green packaging solutions, including biodegradable plastic packaging and innovative designs to reduce non-recyclable materials[86]. - Nitrogen oxide emissions decreased from 2,842 kg in 2018/19 to 1,748 kg in 2019/20, representing a reduction of approximately 38.5%[91]. - Total greenhouse gas emissions decreased from 23,176 tons CO2 equivalent in 2018/19 to 11,549 tons CO2 equivalent in 2019/20, a reduction of about 50.1%[91]. - Total energy consumption increased significantly from 23,678,197 kWh in 2018/19 to 38,116,958 kWh in 2019/20, an increase of approximately 60.9%[91]. - Total water usage increased from 380,622 cubic meters in 2018/19 to 517,717 cubic meters in 2019/20, an increase of approximately 36.1%[91]. - The total amount of packaging materials decreased from 15,141 tons in 2018/19 to 9,048 tons in 2019/20, a reduction of about 40.4%[91]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and regularly reviews its practices to ensure compliance with the latest developments in corporate governance[129]. - The roles of the Chairman and the CEO are held by different individuals, with the Chairman also overseeing strategic planning and business operations, which is a deviation from the corporate governance code[131]. - The management team includes experienced professionals with over 25 years of experience in internal auditing, corporate finance, and financial management[125]. - The company has a structured approach to corporate governance, adhering to the listing rules and guidelines set forth by the exchange[130]. - The board of directors held four meetings during the fiscal year ending July 31, 2020, to review and approve the annual report and corporate strategies[134]. - The company has arranged liability insurance for its directors and senior management for the fiscal year ending July 31, 2020[154]. - The board aims for at least 40% of its members to be non-executive or independent non-executive directors as part of its diversity policy[157]. - The board confirmed its responsibility for the group's risk management and internal control systems, ensuring their effectiveness without guaranteeing absolute error-free statements or loss prevention[185]. - The internal audit function conducted regular financial and operational reviews, ensuring the implementation of risk management and internal control measures[186]. - The company has established procedures for shareholders to convene special general meetings, requiring at least 10% of the paid-up capital to make a request[191]. Community Engagement and Social Responsibility - The company actively participates in community investment, donating air purifiers to hospitals during the COVID-19 pandemic and encouraging employee involvement in community services[108]. - The company has implemented measures to ensure compliance with relevant laws and regulations, with no significant non-compliance issues reported during the reporting period[109]. Risk Management - No significant risks or internal control weaknesses were identified by the board or management during the fiscal year ending July 31, 2020[188]. - The board conducted an annual review of the risk management and internal control systems, including financial, operational, and compliance controls[188].

Revenue and Profitability - Revenue for the six months ended January 31, 2020, was RMB 243,986 thousand, a decrease of 33% compared to RMB 363,945 thousand for the same period in 2019[11] - Gross profit for the period was RMB 27,561 thousand, slightly up from RMB 27,489 thousand in the previous year, indicating a stable gross margin despite lower revenue[11] - Operating loss narrowed to RMB 2,076 thousand from RMB 20,471 thousand year-on-year, showing improved operational efficiency[11] - Net loss attributable to owners of the company was RMB 8,212 thousand, significantly reduced from RMB 30,473 thousand in the same period last year[14] - Basic and diluted loss per share improved to RMB (0.36) from RMB (1.32) year-on-year, reflecting better financial performance[11] - Total net other income increased to RMB 4,632 thousand from RMB 2,196 thousand, contributing positively to the overall financial results[11] Future Outlook and Strategy - The company is focusing on market expansion and new product development to drive future growth, as indicated in the management discussion[9] - Future outlook remains cautious due to market uncertainties, but the company aims to leverage its existing capabilities for recovery[9] - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[9] - Continued investment in new technologies is planned to improve product offerings and operational efficiency[9] Assets and Liabilities - Total assets decreased to RMB 689,311 thousand as of January 31, 2020, down from RMB 727,592 thousand as of July 31, 2019, representing a decline of approximately 5.26%[17] - Non-current assets decreased from RMB 403,190 thousand to RMB 386,351 thousand, a reduction of about 4.16%[17] - Current assets totaled RMB 302,960 thousand, down from RMB 324,402 thousand, indicating a decrease of approximately 6.59%[17] - Total liabilities decreased to RMB 306,185 thousand from RMB 336,254 thousand, reflecting a decline of about 8.93%[19] - The company's equity attributable to owners decreased to RMB 383,126 thousand from RMB 391,338 thousand, a decrease of approximately 2.63%[17] Cash Flow and Financial Activities - Cash and cash equivalents decreased to RMB 40,702 thousand from RMB 38,735 thousand, showing an increase of about 5.06%[93] - The net cash used in operating activities was RMB (11,292) thousand, compared to RMB 4,451 thousand generated in the previous year[93] - The company reported a net cash outflow from investing activities of RMB (4,446) thousand, down from RMB 28,546 thousand in the previous year[93] - Financing activities generated a net cash inflow of RMB 1,129 thousand, contrasting with a net cash outflow of RMB (61,705) thousand in the previous year[93] Accounting Standards and Financial Reporting - The company’s financial year-end is July 31, and the interim financial data is prepared in accordance with HKAS 34 "Interim Financial Reporting" [98] - The interim financial data for the six months ended January 31, 2020, was reviewed by the audit committee and approved by the board on March 25, 2020 [99] - The company has adopted new accounting standards effective from August 1, 2019, which are expected to have a significant impact on the financial statements [102] - The company’s financial reporting policies remain consistent with those applied in the previous financial year, except for the new lease accounting standard [102] - The company has not identified any other new standards or interpretations that would have a significant impact during the interim period [102] Segment Performance - Revenue from the plastic injection molding segment was RMB 100,039 thousand, while the electronic assembly segment generated RMB 129,255 thousand, and mold design and manufacturing contributed RMB 14,692 thousand[139] - The company reported a segment profit of RMB 24,509 thousand for the six months ended January 31, 2020, compared to RMB 9,515 thousand for the same period in 2019, indicating a significant improvement[154] - The total assets of the reportable segments amounted to RMB 442,646 thousand as of January 31, 2020, compared to RMB 429,882 thousand as of July 31, 2019[154] - The company’s liabilities for reportable segments were RMB 89,319 thousand as of January 31, 2020, down from RMB 113,926 thousand as of July 31, 2019[154] Customer and Market Information - Revenue from the United States was RMB 107,729 thousand, while revenue from mainland China was RMB 101,495 thousand, showing a decline from RMB 151,705 thousand and RMB 152,453 thousand respectively in the previous year[156] - The company had three customers contributing over 10% of total revenue, accounting for 38%, 16%, and 11% of total revenue for the six months ended January 31, 2020[157][158] Tax and Legal Matters - The total tax expense for the period was RMB 420,000, a significant decrease from RMB 2,885,000 in the previous year, primarily due to the absence of Hong Kong profits tax provisions[164] - The deferred tax liabilities related to undistributed retained earnings of subsidiaries in China decreased from RMB 2,746,000 at the beginning of the period to RMB 1,915,000 at the end of the period[169] - The company did not declare any interim dividends for the periods ended January 31, 2020, and January 31, 2019[174] - The company has initiated legal proceedings against a seller for the recovery of a deposit of RMB 34,000,000, which has not been refunded[14] Inventory and Receivables - Contract assets increased significantly to RMB 21,369,000 as of January 31, 2020, from RMB 5,205,000 as of July 31, 2019, indicating a growth of 310%[12] - Total accounts receivable and notes receivable decreased to RMB 97,685,000 as of January 31, 2020, from RMB 110,155,000 as of July 31, 2019, representing a decline of approximately 11.3%[13] - Net accounts receivable amounted to RMB 94,998,000 as of January 31, 2020, down from RMB 108,401,000 as of July 31, 2019, a decrease of about 12.3%[14] - The company has a general credit term for customers ranging from 30 to 120 days[15] - The company reported raw materials valued at RMB 27,230,000 as of January 31, 2020, compared to RMB 25,179,000 as of July 31, 2019, reflecting an increase of 8.1%[18] - Work in progress increased to RMB 9,651,000 as of January 31, 2020, from RMB 4,967,000 as of July 31, 2019, indicating a growth of 94%[19] - Finished goods remained relatively stable at RMB 19,124,000 as of January 31, 2020, compared to RMB 19,104,000 as of July 31, 2019[20]

Financial Performance - The company's revenue for the fiscal year was RMB 649,090,000, a decrease of 41.83% from RMB 1,115,880,000 in the previous fiscal year[28]. - Gross profit fell to RMB 28,340,000 with a gross margin of 4.37%, down from RMB 149,580,000 and 13.40% respectively[28]. - The company recorded a loss attributable to owners of RMB 122,160,000, compared to a loss of RMB 8,850,000 in the previous fiscal year[28]. - Revenue from the plastic injection molding business was RMB 356,010,000, a decrease of RMB 148,550,000 or 29.44% compared to RMB 504,560,000 last year[37]. - The assembly electronic products segment reported revenue of RMB 250,500,000, down RMB 295,560,000 or 54.13% from RMB 546,060,000 last year[38]. - The company recorded other net losses of RMB 44,950,000, compared to a net gain of RMB 2,900,000 last year[41]. - Selling expenses decreased by RMB 29,580,000 or 64.43% to RMB 16,330,000 from RMB 45,910,000 last year[42]. - General and administrative expenses decreased by RMB 19,880,000 or 20.37% to RMB 77,700,000 from RMB 97,580,000 last year[43]. - Financial expenses increased by 9.33% to RMB 14,180,000 from RMB 12,970,000 last year[44]. - The company’s cash and cash equivalents were RMB 138,340,000, down from RMB 154,180,000 last year[46]. - The total equity attributable to owners as of July 31, 2019, was RMB 391,340,000, down from RMB 510,290,000 in 2018[51]. - The company reported a foreign exchange loss of RMB 530,000 for the fiscal year, compared to a gain of RMB 2,980,000 in 2018[57]. Assets and Liabilities - Total assets decreased to RMB 727,592,000 from RMB 1,011,740,000 in the previous year[14]. - Total liabilities reduced to RMB 336,254,000 from RMB 501,452,000 in the previous year[14]. - Net borrowings decreased to RMB 72,572,000 from RMB 114,780,000 in the previous year[14]. - The net interest-bearing borrowings amounted to RMB 72,570,000, a decrease from RMB 114,780,000 last year, representing 9.97% of total assets[48]. - The net current assets as of July 31, 2019, were RMB 13,090,000, a decrease from RMB 18,380,000 in 2018[49]. Capital Expenditure and Investments - Capital expenditure was RMB 25,817,000, down from RMB 101,575,000 in the previous year[14]. - The company completed the sale of Qingdao Weili Precision Plastic Co., Ltd. for a total consideration of RMB 27,000,000[30]. - The company sold its entire stake in Qingdao Weili for RMB 27,000,000 during the fiscal year[52]. - The company invested RMB 80,000,000 in renewable energy, specifically solar power, generating over 7,688,138 kWh of electricity during the reporting period, with 5,938,418 kWh consumed in production[71]. Environmental and Social Responsibility - The total greenhouse gas emissions decreased from 28,421 tons CO2 equivalent in the previous year to 23,176 tons CO2 equivalent[76]. - The company implemented a waste management program promoting the "5Rs" principle, focusing on replacement, reduction, reuse, recovery, and recycling[70]. - The total water usage for the reporting period was 531,677 cubic meters, with a density of 0.48 cubic meters per RMB 10,000 revenue[76]. - The company achieved a reduction in harmful waste generation from 8 tons to 5 tons[76]. - The total energy consumption decreased from 39,531,843 kWh to 38,116,958 kWh[76]. - The company has adopted ISO 14001:2015 environmental management system certification to reduce its environmental footprint[74]. - The company provided free healthy meals for all employees and organized various recreational activities to promote work-life balance[78]. - The group has established robust waste management control procedures to effectively identify, isolate, and handle hazardous and non-hazardous waste[70]. Workforce and Human Resources - The workforce decreased to 1,706 employees as of July 31, 2019, from 2,688 in 2018[58]. - Human resources expenses for the fiscal year were RMB 161,020,000, down from RMB 217,350,000 in 2018[58]. - The group has recruited over 400 Muslim employees in its Zhuhai operations since 2016, demonstrating its commitment to diversity and equal opportunity[79]. - The group provides additional holidays for Muslim employees to celebrate religious festivals and has designated prayer areas in its factories[79]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, adhering to the latest developments in governance practices[114]. - The independent non-executive directors include experienced professionals with backgrounds in finance and investment banking, enhancing the board's expertise[109]. - The company has established a diversity policy for its board, aiming for at least 40% of board members to be non-executive or independent non-executive directors[136]. - The company has adopted a nomination policy to outline selection criteria and procedures for board members, ensuring a diverse range of perspectives[137]. - The board aims for at least one-third of its members to be independent non-executive directors, ensuring governance quality[136]. - The company emphasizes the importance of integrity and relevant industry experience in its selection criteria for board members[138]. Risk Management and Compliance - The board confirmed its responsibility for the risk management and internal control systems, which aim to manage risks associated with achieving business objectives[163]. - The audit committee reviewed the interim and annual reports before approval by the board[154]. - The company did not identify any significant risks or internal control weaknesses during the fiscal year[163]. - The group has implemented internal audit functions to ensure effective risk management and internal control measures, reporting results to the executive directors and audit committee[164]. - The board has conducted an annual review of the risk management and internal control systems, confirming their effectiveness for the fiscal year ending July 31, 2019[166]. Community Engagement - The company has established the Weisheng Charity Fund, recognized by local Chinese governments, to support various charitable services, contributing to elderly care, educational institutions, and impoverished families[93]. - The company encourages employee participation in community service, organizing voluntary blood donation activities with significant employee support[93]. - The company is committed to expanding its community service initiatives and enhancing employee engagement in these activities in the future[93]. Board Meetings and Attendance - The board of directors held four meetings during the fiscal year, focusing on approving the annual report and reviewing corporate strategies[119]. - The board of directors held 4 out of 4 meetings during the fiscal year ending July 31, 2019, indicating full attendance by executive directors[125]. - The nomination committee held one meeting to review the board structure and performance of directors for the fiscal year ended July 31, 2019[145]. - The remuneration committee's attendance rate was 100% for the chair and one member, while another member had 0% attendance[151]. Shareholder Information - The company did not recommend any dividend for the fiscal year, consistent with the previous year[29]. - The board of directors did not recommend a final dividend for the fiscal year ending July 31, 2019, consistent with the previous year[187]. - The company has adopted a dividend policy that considers various factors, including financial performance and cash requirements[188].

Financial Performance - Revenue for the six months ended January 31, 2019, was RMB 363,945 thousand, a decrease of 44.8% compared to RMB 659,701 thousand for the same period in 2018[12]. - Gross profit for the same period was RMB 43,377 thousand, down 50.4% from RMB 87,380 thousand in 2018[12]. - The company reported a net loss attributable to owners of the company of RMB 30,473 thousand, compared to a profit of RMB 5,116 thousand in the previous year[12]. - Basic and diluted loss per share for the period was RMB (1.32), compared to earnings of RMB 0.23 per share in the prior year[12]. - Operating loss for the period was RMB 20,471 thousand, compared to an operating profit of RMB 17,776 thousand in the same period last year[12]. - Total finance costs for the period were RMB 7,117 thousand, an increase from RMB 6,077 thousand in the previous year[12]. - The company incurred a tax expense of RMB 2,885 thousand, compared to RMB 2,028 thousand in the previous year[12]. - The company reported a loss before tax of RMB (27,588) thousand for the six months ended January 31, 2019, compared to a profit of RMB 7,144 thousand in the previous year[95]. Assets and Liabilities - Total assets decreased to RMB 869,123 thousand as of January 31, 2019, down from RMB 1,011,740 thousand as of July 31, 2018, representing a decline of approximately 14.1%[18]. - Non-current assets amounted to RMB 485,198 thousand, a decrease of 3.8% from RMB 504,252 thousand in the previous period[18]. - Current assets decreased significantly by 20.8% to RMB 383,925 thousand from RMB 484,824 thousand[18]. - Total liabilities decreased to RMB 382,798 thousand, down 23.6% from RMB 501,452 thousand[20]. - The equity attributable to owners of the company was RMB 486,325 thousand, a decrease of 4.7% from RMB 510,288 thousand[18]. - Cash and cash equivalents decreased to RMB 58,956 thousand from RMB 86,159 thousand, a decline of 31.5%[18]. - The company’s total liabilities to total assets ratio improved to approximately 44% from 49.5% in the previous period[20]. - Total reportable segment assets as of January 31, 2019, were RMB 588,487 thousand, a decrease of 17.1% from RMB 710,290 thousand as of July 31, 2018[98]. - Total liabilities for reportable segments decreased to RMB 127,946 thousand as of January 31, 2019, from RMB 206,812 thousand as of July 31, 2018, representing a decline of 38.0%[98]. Inventory and Receivables - Inventory levels dropped to RMB 62,868 thousand, down 45.5% from RMB 115,881 thousand[18]. - Accounts receivable decreased to RMB 168,798 thousand, a reduction of 17.7% from RMB 205,210 thousand[18]. - The aging analysis of accounts receivable shows that overdue amounts increased from RMB 10,292 thousand to RMB 11,338 thousand, indicating a rise of approximately 10.2%[152]. - Accounts receivable decreased from RMB 171,937 thousand to RMB 147,713 thousand, a decline of approximately 14.1%[149]. Strategic Initiatives and Future Outlook - Future outlook indicates a focus on improving operational efficiency and exploring new market opportunities[10]. - The company is investing in new product development and technology to enhance competitiveness[10]. - Strategic plans include potential market expansion and exploring merger and acquisition opportunities[10]. - The company plans to continue its strategic initiatives in mergers and acquisitions to bolster growth and market share[49]. - Future outlook remains positive with expectations of increased revenue driven by new product launches and market expansion efforts[49]. Accounting and Compliance - The company adopted new accounting standards, including HKFRS 9 and HKFRS 15, which impacted the financial reporting and classification of financial instruments[50]. - The management emphasized the importance of adapting to new accounting policies to ensure accurate financial reporting and compliance with regulatory standards[50]. - The group applies the simplified approach under HKFRS 9 for measuring expected credit losses, using lifetime expected loss provisions for accounts receivable[58]. - As of August 1, 2018, the group recognized contract liabilities amounting to RMB 12,897,000 previously recorded as payables, reflecting the adoption of HKFRS 15[67]. - The group has not yet assessed the impact of new accounting standards, including HKFRS 16 on leases, which will require most leases to be recognized on the balance sheet starting from August 1, 2019[73]. Related Party Transactions - Sales to the ultimate holding company during the six months ended January 31, 2019, were RMB 3,323,000, while sales to an associated company were RMB 3,983,000 in the previous year[190]. - The group sold machinery to the ultimate holding company for RMB 8,722,000 during the reporting period[190]. - Amounts receivable from a company controlled by a director were RMB 1,301,000 as of January 31, 2019, down from RMB 2,015,000 the previous year[192]. - The total amounts receivable from related parties, excluding associated companies, were RMB 6,580,000 as of January 31, 2019, compared to RMB 9,550,000 the previous year[192]. - The total amounts payable to related parties were RMB 1,234,000 as of January 31, 2019, compared to RMB 1,433,000 the previous year[197]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of RMB 18,699 thousand for the six months ended January 31, 2019[42]. - The total net cash received from the sale of subsidiaries was RMB 64,363,000 after deducting taxes and expenses[106]. - The group utilized RMB 209,014,000 of its bank credit as of January 31, 2019, compared to RMB 248,232,000 as of July 31, 2018, reflecting a decrease of approximately 16%[167]. - The total bank credit of the group, including trade financing, overdrafts, and bank loans, amounted to RMB 448,789,000 as of January 31, 2019, compared to RMB 309,863,000 as of July 31, 2018, representing an increase of approximately 45%[167].