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 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Jicheng Holdings Limited 中國集成控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1027） 截至二零二二年十二月三十一日止年度 全年業績公告 財務摘要 － 收益增加約15.7%至約人民幣354百萬元（二零二一年：約人民幣306百萬元） － 毛利增加約29.6%至約人民幣35百萬元（二零二一年：約人民幣27百萬元） － 年內虧損約人民幣29百萬元（二零二一年：年內虧損約人民幣128百萬元） － 每股基本虧損約人民幣0.08分（二零二一年：每股基本虧損約人民幣42.76分） － 董事不建議派發截至二零二二年十二月三十一日止年度之末期股息（二零 二一年：無） ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 191,913,000, an increase of 34.2% compared to RMB 142,942,000 for the same period in 2021[4] - Gross profit for the period was RMB 24,679,000, representing a gross margin of 12.9%[4] - Loss before tax for the period was RMB 11,544,000, a significant improvement from a loss of RMB 27,548,000 in the same period last year[4] - Total comprehensive expense for the period was RMB 21,011,000, compared to RMB 28,777,000 in the previous year, indicating a reduction of 27.1%[4] - The company reported a basic and diluted loss per share of 4.42 cents for the period[4] - The loss for the period attributable to owners of the Company was RMB 14,131 for the six months ended June 30, 2022, compared to RMB 28,725 in 2021[43] - The basic and diluted loss per share for the six months ended June 30, 2022, was calculated based on a weighted average number of ordinary shares of 319,861, compared to 294,467 in 2021[47] Assets and Liabilities - Net current assets increased to RMB 264,468,000 as of June 30, 2022, up from RMB 215,237,000 at the end of 2021[7] - Total assets less current liabilities amounted to RMB 338,420,000, an increase from RMB 316,570,000 at the end of 2021[7] - The company’s total equity rose to RMB 338,056,000, compared to RMB 316,206,000 at the end of 2021[7] - Cash and bank balances increased significantly to RMB 47,346,000 from RMB 2,478,000 at the end of 2021[7] - The Group's trade and bills receivables as of June 30, 2022, totaled RMB 148,716, an increase from RMB 118,599 as of December 31, 2021, with receivables aged 0 to 90 days rising to RMB 76,975[57] - The aging analysis of trade and bills receivables showed an increase in receivables over 180 days to RMB 37,075 as of June 30, 2022, from RMB 13,432 at the end of 2021[57] - As of June 30, 2022, the company's trade and bills payables aged 0 to 90 days amounted to RMB 35,346,000, a significant increase from RMB 3,843,000 as of December 31, 2021[59] - The total trade and bills payables as of June 30, 2022, were RMB 48,807,000, compared to RMB 25,481,000 at the end of 2021, indicating a year-over-year increase of 91.5%[59] Cash Flow and Financing - The net cash used in operating activities for the six months ended June 30, 2022, was RMB 14,617, a significant improvement from RMB 69,410 in the same period of 2021[16] - The company generated RMB 52,931 from financing activities in the first half of 2022, compared to RMB 36,772 in the same period of 2021, reflecting an increase of approximately 43.8%[16] - Cash and cash equivalents as of June 30, 2022, amounted to RMB 47,346, a substantial increase from RMB 20,272 as of June 30, 2021[18] - The company experienced a net increase in cash and cash equivalents of RMB 51,891 for the six months ended June 30, 2022, compared to a net decrease of RMB 38,023 in the same period of 2021[17] - The total cash generated from investing activities was RMB 13,577 for the six months ended June 30, 2022, compared to a cash outflow of RMB 5,385 in the same period of 2021[16] Revenue Breakdown - Revenue from POE umbrellas was RMB 62,261,000 for the six months ended June 30, 2022, up from RMB 35,109,000 in 2021, indicating a growth of 77.4%[30] - Revenue from nylon umbrellas decreased to RMB 18,343,000 in 2022 from RMB 63,008,000 in 2021, reflecting a decline of 70.1%[30] - Revenue from external customers in Japan was RMB 50,504,000, slightly increasing from RMB 49,748,000 in 2021[33] - Revenue from external customers in Cambodia surged to RMB 85,208,000 in 2022, compared to RMB 31,899,000 in 2021, marking an increase of 167.5%[33] - Revenue from external customers in the PRC rose to RMB 47,922,000 in 2022 from RMB 38,284,000 in 2021, a growth of 25.5%[33] Operational Efficiency and Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[4] - The Group operates in a single segment focused on the manufacturing and sale of umbrellas, with no segment assets or liabilities reported separately[22] - The Group's main products include POE umbrellas, nylon umbrellas, and umbrella parts, with a focus on expanding market presence[29] - The Group's strategy includes further expansion of branded umbrellas through intensified marketing activities in both domestic and overseas markets[100] - The Group plans to expand production capacity and enhance research and development capabilities to meet increasing demand in the umbrella market[104] Employee and Administrative Costs - The total staff costs for the six months ended June 30, 2022, amounted to RMB 32,571, an increase from RMB 29,062 in 2021, with salaries and allowances rising from RMB 20,470 to RMB 23,972[42] - Research and development expenses for the six months ended June 30, 2022, were RMB 9,063, up from RMB 5,997 in 2021, with employee costs for R&D activities approximately RMB 823,000[42][44] - Administrative expenses increased by approximately RMB 5 million, or 21.7%, from RMB 23 million to RMB 28 million, mainly due to increased R&D expenses[89] Share Capital and Dividends - As of January 1, 2022, the company's share capital was RMB 10,818, up from RMB 7,830 as of January 1, 2021, representing an increase of approximately 38.5%[9] - No dividends were paid, declared, or proposed during the reported period, consistent with 2021[49] - The company did not recommend any interim dividend for the period, consistent with the previous year[84] Corporate Governance - The company has adopted and complied with the Corporate Governance Code since the Listing Date, with a board comprising four executive directors and three independent non-executive directors[131] - The roles of chairman and chief executive officer are held by the same person, Mr. Huang, which the directors believe facilitates business strategy execution[131] - The Audit Committee, established on 23 January 2015, comprises three independent non-executive directors and has reviewed the financial reporting matters for the period[137] - The company has confirmed that all directors have complied with the Model Code for Securities Transactions since the Listing Date[133] - The Remuneration Committee was established on January 23, 2015, comprising three independent non-executive Directors[138] - The Nomination Committee was also established on January 23, 2015, with three independent non-executive Directors[139] Market Conditions and Risks - The operating environment remains challenging due to global economic sluggishness and the impact of COVID-19 on consumer confidence[104] - The Group may face risks related to fluctuations in raw material prices and potential labor shortages, which could adversely affect operations and profitability[92][94] Share Option Scheme - The Company adopted a Share Option Scheme on January 23, 2015, which will remain in force for ten years, aimed at rewarding eligible persons for their contributions and maintaining ongoing relationships[119] - The maximum number of shares that may be issued upon exercise of all options under the Share Option Scheme shall not exceed 10% of the shares in issue at the date of shareholders' approval[121] - The company granted 30,288,000 share options to employees on 12 May 2022, with an exercise price of HK$0.462[129] - A total of 49,100,000 share options were exercised during the period ended 30 June 2022, with a weighted average closing price of HK$0.560 before the exercise date[129] - As of 30 June 2022, the outstanding share options amounted to 37,768,000[129]

ANNUAL REPORT 2021 年報 CHINA JICHENG HOLDINGS LIMITED 中國集成控股有限公司2021 ANNUAL REPORT 年 報 CONTENTS | --- | --- | --- | |---------------------------------------------------------|----------------------------|---------| | | | 目錄 \n | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論與分析 | 6 | | Corporate Governance Report | 企業管治報告 | 15 | | Environmental, Social and Governance Report | 環境、社會及管治報告 | 31 | | Biographical Details of Directors and Senio ...

CHINA JICHENG HOLDINGS LIMITED 中國集成控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock Code 股份代號: 1027 INTERIM REPORT 中期報告 2021 The board (the "Board") of directors (the "Directors") of China Jicheng Holdings Limited (the "Company") is pleased to present the unaudited interim results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2021 (the "Period") as follows: CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR ...

ANNUAL REPORT 2020 年報 CHINA JICHENG HOLDINGS LIMITED 中國集成控股有限公司 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2020 | | | | | | | | | | | ANNUAL REPORT 年 報 | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | |--------------------------------------------- ...

Financial Performance - Revenue for the six months ended June 30, 2020, was RMB 203,005,000, a decrease of 36.5% compared to RMB 319,735,000 in the same period of 2019[3]. - Gross profit for the period was RMB 29,589,000, down 29.0% from RMB 41,723,000 in 2019[3]. - The company reported a loss before tax of RMB 1,577,000, compared to a profit of RMB 7,217,000 in the previous year[3]. - Total comprehensive loss for the period attributable to owners of the Company was RMB 4,908,000, compared to a comprehensive income of RMB 3,635,000 in 2019[3]. - Basic and diluted loss per share for the period was RMB (2.16) cents, compared to earnings of RMB 1.01 cents per share in the previous year[3]. - The decline in financial performance was mainly due to a substantial decrease in demand for nylon umbrellas as a result of the COVID-19 pandemic[74]. - The loss attributable to owners of the Company was approximately RMB 4 million for the Period, compared to a profit of approximately RMB 3 million for the first half of 2019[74]. - Revenue decreased from approximately RMB 320 million for the first half of 2019 to RMB 203 million for the Period, representing a decrease of approximately 36.6% due to reduced demand for nylon umbrellas[81]. Assets and Liabilities - Net current assets as of June 30, 2020, were RMB 333,199,000, slightly up from RMB 332,466,000 at the end of 2019[6]. - Total assets less current liabilities amounted to RMB 469,770,000, compared to RMB 471,709,000 at the end of 2019[6]. - The company’s net assets as of June 30, 2020, were RMB 449,435,000, down from RMB 452,100,000 at the end of 2019[6]. - The company experienced a significant increase in trade payables, which rose to RMB 54,548,000 from RMB 31,479,000 in 2019[6]. - Cash and cash equivalents decreased to RMB 30,258,000 from RMB 66,152,000 at the end of 2019[6]. - Cash and cash equivalents as of June 30, 2020, were RMB 8,461,000, a decrease from RMB 76,317,000 as of June 30, 2019, indicating a decline of approximately 88.9%[27]. Cash Flow - For the six months ended June 30, 2020, net cash generated from operating activities was RMB 171,446,000, a significant increase from RMB 18,731,000 in the same period of 2019, representing an increase of approximately 815%[25]. - Net cash used in investing activities for the six months ended June 30, 2020, was RMB 4,742,000, compared to RMB 2,692,000 in 2019, reflecting an increase of approximately 76%[25]. - Net cash used in financing activities for the six months ended June 30, 2020, was RMB 183,302,000, a substantial increase from RMB 7,093,000 in 2019, representing an increase of about 2,585%[25]. Revenue Breakdown - Revenue from the sale of goods for the six months ended June 30, 2020, was RMB 203,005,000, down from RMB 319,735,000 in 2019, indicating a decrease of about 36.5%[30]. - Revenue from POE umbrellas increased to RMB 56,552,000 in 2020 from RMB 49,527,000 in 2019, representing a growth of 14.1%[40]. - Revenue from nylon umbrellas decreased significantly to RMB 48,645,000 in 2020 from RMB 184,287,000 in 2019, a decline of 73.6%[40]. - Revenue from umbrella parts rose to RMB 97,808,000 in 2020, up from RMB 85,921,000 in 2019, marking an increase of 13.5%[40]. - The Group's revenue from external customers in Japan decreased to RMB 75,491,000 in 2020 from RMB 89,126,000 in 2019, a decline of 15.3%[43]. - Revenue from external customers in Cambodia decreased to RMB 84,355,000 in 2020 from RMB 96,902,000 in 2019, a decline of 13.0%[43]. - The Group's major customers included Customer A with revenue of RMB 37,318,000 in 2020, down from RMB 57,506,000 in 2019, a decrease of 35.1%[46]. Expenses - Total staff costs for the six months ended June 30, 2020, were RMB 33,009,000, a decrease of 31.2% compared to RMB 47,928,000 in 2019[54]. - Research and development expenses for the period were RMB 3,636,000, down from RMB 4,253,000 in 2019, a decrease of 14.5%[55]. - Selling and distribution expenses increased, including marketing and promotion expenses to enhance brand awareness[74]. - Selling and distribution expenses increased by approximately RMB 6 million, or 100%, from approximately RMB 6 million for the first half of 2019 to RMB 12 million for the Period, primarily due to increased promotion expenses[80]. - Administrative expenses decreased by approximately RMB 7 million, or 28%, from approximately RMB 25 million for the first half of 2019 to RMB 18 million for the Period, mainly due to a decrease in equity-settled share-based payments[80]. Shareholding and Corporate Governance - Mr. Huang Wenji holds a long position with 125,033,900 shares, representing 66.05% of the total shareholding[124]. - Jicheng Investment Limited, wholly owned by Mr. Huang Wenji, has 123,140,900 shares, accounting for 65.05% of the total shareholding[122]. - Ms. Chen Jieyou, spouse of Mr. Huang Wenji, is deemed to have an interest in 123,140,900 shares, also representing 65.05%[125]. - The report indicates a significant concentration of shareholding among a few individuals, primarily Mr. Huang Wenji[124]. Strategic Initiatives - The Group is exploring and developing new business opportunities and projects to diversify its operations[73]. - The Group plans to further expand its branded umbrellas by intensifying marketing activities, with an allocation of RMB 10.6 million for this purpose[94]. - The Group has allocated RMB 36.9 million for investing in a trading company as part of its growth strategy[94]. - The Group aims to maintain and strengthen its position as a leading umbrella manufacturer in the Japan market and increase market share in existing markets such as Hong Kong, Cambodia, and South Korea[104]. - The Group intends to expand production capacity and enhance research and development capabilities to meet increasing demand in the umbrella market[105]. Market Conditions - The operating environment remains challenging due to the global economic slowdown, trade tensions between the PRC and the United States, and the impact of COVID-19 on consumer confidence[105]. - The Group's profitability may be adversely affected by the loss of key customers and changes in market demand levels for its products[86]. - The Group's sales are primarily made in US dollars, RMB, and Japanese Yen, exposing it to exchange rate risks[86]. Other Information - The Group did not declare or propose any dividends during the reported period, consistent with 2019[60]. - The Group completed the acquisition of 100% equity interest in Jinjiang Jingting for RMB 5 million in cash and a promissory note of RMB 24 million with a 36-month maturity term[102]. - The Group's current ratio improved to approximately 4.7 times as of June 30, 2020, compared to 2.3 times as of December 31, 2019[84]. - The average trade receivables turnover day increased from approximately 135 days for the year ended December 31, 2019, to approximately 198 days for the Period[84]. - The inventory turnover days increased from approximately 154 days for the year ended December 31, 2019, to approximately 282 days for the Period[84]. - As of June 30, 2020, the Group employed a total of 1,404 employees, an increase from 1,364 employees as of December 31, 2019[91]. - As of June 30, 2020, the Group had no significant capital commitments or contingent liabilities[91].

ANNUAL REPORT 2019 年報 CHINA JICHENG HOLDING LIMITED 中國集成控股有限公司 CHINA JICHENG HOLDINGS LIMITED 中國集成控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock Code 股份代號: 1027 ANNUAL REPORT 年報 2019 CONTENTS | --- | --- | --- | |---------------------------------------------------------|----------------------------|-------| | | | 目錄 | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論與分析 | 6 | | Corporate Governance ...

Financial Performance - Revenue for the six months ended June 30, 2019, was RMB 319,735,000, representing a 23.5% increase from RMB 258,770,000 in the same period of 2018[3] - Gross profit for the period was RMB 41,723,000, with a gross margin of approximately 13.0%[3] - Profit before taxation decreased to RMB 7,217,000, down 33.8% from RMB 10,794,000 in the previous year[3] - Profit for the period attributable to owners of the Company was RMB 3,024,000, a decline of 62.8% compared to RMB 8,114,000 in 2018[3] - Total comprehensive income for the period attributable to owners of the Company was RMB 3,635,000, down from RMB 8,166,000 in the prior year[3] - The Company reported a basic and diluted earnings per share of RMB 0.08 cents, down from RMB 0.21 cents in the previous year[3] - Profit attributable to owners of the Company was approximately RMB3 million, reflecting a decrease of 62.7% compared to 2018[88] - Basic earnings per share was RMB0.08 cents for the Period[88] Revenue Breakdown - Revenue from POE umbrellas was RMB 49,527,000 in 2019, while nylon umbrellas generated RMB 184,287,000, and umbrella parts contributed RMB 85,921,000[30] - Revenue from external customers by geographical location showed that Japan contributed RMB 89,126,000, PRC contributed RMB 52,058,000, and Cambodia significantly increased to RMB 96,902,000 from RMB 29,397,000 in 2018[34] - The Group's total revenue for the six months ended June 30, 2019, was RMB 319,735,000, an increase of 23.5% compared to RMB 258,770,000 for the same period in 2018[34] Cost and Expenses - Cost of inventories recognized as an expense was RMB 278,012,000, up from RMB 218,523,000 in 2018, reflecting increased production costs[49] - Research and development expenses were RMB 4,253,000, a decrease from RMB 10,274,000 in the previous year, indicating a shift in investment strategy[49] - Selling and distribution expenses decreased by approximately RMB1 million, or 15.2%, from approximately RMB7 million in the first half of 2018 to RMB6 million in the period, attributed to tight control over promotion expenses[93] - Administrative expenses increased by approximately RMB1 million, or 3.6%, from approximately RMB24 million in the first half of 2018 to RMB25 million in the period, mainly due to equity-settled share-based payments of approximately RMB7 million[93] Cash Flow and Assets - Net cash generated from operating activities was RMB 18,731,000, a significant improvement compared to cash used of RMB 41,657,000 in the same period of 2018[12] - Current assets totaled RMB 602,874,000, an increase from RMB 568,527,000 at the end of 2018[6] - Cash and cash equivalents at June 30, 2019, were RMB 76,317,000, up from RMB 67,352,000 at the beginning of the year[14] - Trade receivables at 30 June 2019 totaled RMB 233,437,000, slightly down from RMB 234,075,000 at 31 December 2018[64] - Trade payables at 30 June 2019 were RMB 32,810,000, a decrease from RMB 35,204,000 at 31 December 2018[66] Corporate Governance - The Company is committed to high standards of corporate governance, with a Board comprising four executive Directors and three independent non-executive Directors[144] - Mr. Huang serves as both Chairman and CEO, which the Directors believe facilitates business strategy execution and decision-making[144] - The Audit Committee, established on January 23, 2015, comprises three independent non-executive Directors and has reviewed the Group's accounting principles and financial reporting matters[149] - The Remuneration Committee, also established on January 23, 2015, consists of three independent non-executive Directors, with Ms. Lee Kit Ying as chairperson[152] - The Nomination Committee, established on January 23, 2015, includes three independent non-executive Directors, with Mr. Yang Xuetai as Chairman[152] Strategic Initiatives - The Group aims to maintain and strengthen its leading position in the umbrella manufacturing market in Japan and its own brand umbrella manufacturing in China, while expanding market share in Hong Kong, Cambodia, and South Korea[131] - The Group plans to enhance its marketing activities to promote brand awareness both domestically and overseas, with a focus on traditional media and trade fairs[120] - The Group plans to enhance its production capacity and R&D capabilities to meet the growing demand in the umbrella market[131] - The Group is exploring and developing new business opportunities and projects to diversify its operations[131] Employee and Shareholder Information - The Group employed a total of 1,647 employees as of June 30, 2019, an increase from 1,592 employees as of December 31, 2018[113] - The emolument policy for employees is based on experience, qualifications, and competence, with additional benefits including contributions to provident funds and social insurance[113] - The Company expresses appreciation to all colleagues, shareholders, customers, bankers, and business associates for their support[152] Acquisitions - The acquisition of Jinjiang Jingting was completed for RMB5,000,000 in cash and a promissory note of RMB24,000,000[80] - Goodwill of RMB5,565,000 was recognized based on the fair value of identifiable assets and liabilities of Jinjiang Jingting[84] - Jinjiang Jingting contributed approximately RMB7,491,000 to the Group's revenue and a profit of approximately RMB275,000 for the period ended 30 June 2019[84] - The Group completed the acquisition of 100% equity interest in Jinjiang Jingting for a total consideration of RMB29 million, consisting of RMB5 million in cash and a promissory note of RMB24 million[124] Market Conditions - The global economic performance remains sluggish, and the operating environment is challenging due to the trade war between China and the United States, impacting consumer confidence[131] - The Group is committed to creating higher value and better returns for shareholders amidst market challenges[131]

CHINA JICHENG HOLDINGS LIMITED 中國集成控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock Code 股份代號: 1027 Annual Report 2018 年報 CONTENTS 目錄 | --- | --- | |---------------------------------------------------------|----------------------------| | | | | Corporate Information | 公司資料 | | Chairman's Statement | 主席報告 | | Management Discussion and Analysis | 管理層討論與分析 | | Corporate Governance Report | 企業管治報告 | | Environmental, Social and Governance Report | 環境、社會及管治報告 | | Biographi ...