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，概不對因本公告全部 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。 Huashi Group Holdings Limited 華視集團控股有限公司 （於開曼群島註冊成立的有限公司） 董事長兼行政總裁 陳繼承 中國武漢，2025年8月19日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 事 陳 繼 承 先 生、陳 繼 珍 女 士、張 備 先 生 及 薛玉春女士；及獨立非執行董事何威風博士、彭禮堂先生及李光斗先生。 （股份代號：1111) 董事會會議召開日期 华 视 集 团 控 股 有 限 公 司（「本公司」及 其 附 屬 公 司「本集團」）的 董 事 會（「董事會」） 茲通告謹定於2025年8月29日（星 期 五）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考 慮 及 通過本集團截至2025年6月30日止的六個月中期業績及其刊發，考慮建議之中期 股 息（如 有），以 及 處 理 其 他 事 項。 承董事會命 华视集团控股有限公司 ...

Core Viewpoint - The article discusses the various postal services provided by China Post Group, including universal, special, and other postal services, highlighting their significance in the communication and logistics sectors [2][3]. Group 1: Universal Postal Services - Universal postal services include the delivery of letters, parcels, and the issuance of stamps and newspapers, as well as postal remittance services [4]. - The services cover items such as letters, printed materials, postal cards, anonymous letters, and postal small packages [5]. Group 2: Special Postal Services - Special postal services encompass the delivery of letters for soldiers, confidential communications, materials for the visually impaired, and the remains of revolutionary martyrs [8]. Group 3: Other Postal Services - Other postal services refer to the sale of postal products like postal albums and postal agency services [9].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 华视集团控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01111 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.05 USD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 1,000,000,000 | USD | | 0.05 USD | | 50,000,000 | 本月底法定/註冊股本總額： USD 50,000 ...

Core Insights - The Cross-Border Payment System has expanded to 17 banks in Hong Kong within a month of its launch, enhancing connectivity between mainland China's online payment system and Hong Kong's Fast Payment System [1][2] - The system offers advantages over traditional cross-border remittances, including instant transfers, simplified documentation, lower costs, and ease of use [1] - The initial participating banks include six from mainland China and six from Hong Kong, with an additional eleven Hong Kong banks recently added to the system [1][3] Summary by Category Participating Institutions - The first batch of participating mainland banks includes: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and China Merchants Bank [1][3] - The first batch of participating Hong Kong banks includes: Bank of China (Hong Kong), Bank of East Asia, China Construction Bank (Asia), Hang Seng Bank, HSBC, and ICBC (Asia) [1][3] - The second batch of newly added Hong Kong banks includes: CMB Wing Lung Bank, Shanghai Commercial Bank, CITIC Bank International, Chuangxin Bank, Dah Sing Bank, Guangfa Bank, China Everbright Bank, Nanyang Commercial Bank, ZA Bank, Airstar Bank, and MOX Bank [1][3] Digital Banking Inclusion - This expansion marks the first inclusion of digital banks in the Cross-Border Payment System, with MOX Bank, ZA Bank, and Airstar Bank being notable participants [2][3] User Experience and Limitations - Some newly added banks have not yet officially opened cross-border payment services to customers, leading to mixed experiences among users [4] - The system supports bilateral currency and RMB cross-border remittance between mainland China and Hong Kong, with specific limits on transaction amounts [4][5] Transaction Limits - For northbound transactions, the limit is set at HKD 10,000 per person per day and HKD 200,000 per year, while southbound transactions are subject to an annual foreign exchange limit of USD 50,000 [4][5]

Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 288.5 million, representing a 22.9% increase compared to RMB 234.7 million in 2023[10]. - Gross profit for the same period was RMB 159.5 million, up 6.4% from RMB 149.9 million in the previous year[10]. - Profit before tax increased by 27.2% to RMB 100.2 million, compared to RMB 78.8 million in 2023[10]. - Net profit for the year was RMB 80.6 million, a 24.0% increase from RMB 65.0 million in 2023[10]. - Adjusted net profit slightly decreased by 0.1% to RMB 80.6 million from RMB 80.7 million in the previous year[10]. - Total revenue for the fiscal year 2024 was RMB 288.5 million, an increase of RMB 53.8 million or 22.9% compared to the previous year[34]. - Revenue from brand services was RMB 100.2 million, accounting for 34.7% of total revenue, while revenue from online media advertising services was RMB 60.5 million, accounting for 21.0%[35]. - Gross profit increased from RMB 149.9 million in fiscal year 2023 to RMB 159.5 million in fiscal year 2024, with a gross margin decrease from 63.9% to 55.3%[38]. - Other income rose from RMB 4.0 million to RMB 8.9 million, primarily due to government subsidies for successful listings in Hong Kong[39]. - Sales and marketing expenses increased from RMB 10.7 million to RMB 18.5 million, driven by the expansion of the sales team and media operations[40]. - Income tax expenses increased from RMB 12.6 million in FY2023 to RMB 19.5 million in FY2024, attributed to a larger portion of business occurring in subsidiaries with a 25% tax rate[46]. - Net profit for FY2024 was RMB 80.6 million, compared to RMB 65.0 million in FY2023, with net profit margin slightly increasing from 27.7% to 27.9%[48]. Assets and Liabilities - Non-current assets decreased to RMB 60.3 million from RMB 71.4 million in 2023, while current assets increased to RMB 462.4 million from RMB 422.6 million[12]. - Current liabilities decreased significantly to RMB 150.7 million from RMB 206.6 million in 2023[12]. - The total equity attributable to owners of the parent company rose to RMB 343.2 million from RMB 262.6 million in the previous year[12]. - Cash and cash equivalents as of December 31, 2024, were RMB 100.4 million, down from RMB 171.0 million as of December 31, 2023, a decrease of RMB 70.6 million[44]. - The capital debt ratio decreased from 48.3% as of December 31, 2023, to 34.3% as of December 31, 2024, mainly due to a reduction in total bank borrowings[50]. - Total borrowings as of December 31, 2024, amounted to RMB 107.9 million, with 13.0% classified as non-current liabilities and 87.0% as current liabilities[50]. Business Strategy and Operations - The company aims to provide tailored one-stop service solutions from market research to marketing execution, gaining wide recognition from clients[15]. - The company is actively exploring opportunities in emerging industries such as artificial intelligence (AI) and low-altitude economy, aiming to enhance core competitiveness and brand influence[19]. - The company is focusing on digital empowerment and platform development to solidify its business foundation and diversify its client structure and revenue sources[20]. - The company is enhancing its digital operational capabilities through AI applications, which will improve advertising material creation efficiency and reduce production costs[24]. - The company aims to integrate real-world events with digital interactive marketing to improve event effectiveness and enhance economic benefits for clients[27]. - The company is focusing on brand services and online media advertising while exploring opportunities in offline media advertising[31]. - The company plans to expand its media partner list and integrate diverse media resources to enhance market competitiveness[30]. - The company provides a comprehensive range of services from market research to brand, advertising, and marketing project execution, enhancing brand reputation and market share for clients[101]. - The group aims to maintain strong relationships with suppliers, including research institutions and advertising resource providers, to ensure high-quality services and advertising resources[110]. Governance and Management - The company has established internal control mechanisms to identify related party transactions, ensuring effective management of potential conflicts of interest[83]. - The board includes members with diverse backgrounds, contributing to a well-rounded governance structure[84]. - The company is focused on strategic planning and corporate strategy development under Xue's leadership[78]. - The management team is composed of professionals with diverse backgrounds in finance, administration, and corporate planning, ensuring a well-rounded approach to business operations[94][95]. - The company is committed to maintaining compliance and effective risk management through its appointed compliance officer[96]. - The board of directors includes members with extensive experience in various sectors, contributing to informed decision-making and strategic direction[86][88][90]. Employee and Compensation - Employee compensation expenses totaled RMB 25.7 million in FY2024, up from RMB 20.7 million in FY2023[57]. - The total employee compensation expenses, including director remuneration, amounted to RMB 25.7 million for the fiscal year 2024, compared to RMB 20.7 million for the fiscal year 2023, representing an increase of approximately 24.2%[107]. - The group had a total of 227 full-time employees as of December 31, 2024, all located in China[107]. Shareholder Information - The board recommended not to declare any final dividend for FY2024[66]. - The company has no reserves available for distribution to shareholders as of December 31, 2024, compared to zero reserves on December 31, 2023[120]. - The company has not issued any convertible securities, options, or similar rights as of December 31, 2024[152]. - Major shareholders include Jia Yi Culture with 64.40% and Yuan Jin Culture with 5.55%[149]. - The largest customer accounted for 1.4% of total revenue in FY2024, down from 8.0% in FY2023, while the top five customers represented 6.1%, down from 27.6%[114]. - The largest supplier accounted for 12.3% of total procurement in FY2024, down from 16.5% in FY2023, and the top five suppliers represented 42.7%, down from 66.3%[114]. Risks and Compliance - The company faces risks related to customer retention, market trends, and the ability to respond to consumer preferences, which could negatively impact operational and financial performance[112]. - The company relies on third-party service providers, and any failure to deliver quality products or services could significantly affect business operations[112]. - The company has a concentration of suppliers, and any increase in service or advertising resource prices could adversely affect financial performance[112]. - The company benefits from certain government tax incentives, and any changes to these incentives could negatively impact operational performance[112]. - The company has complied with relevant laws and regulations in China throughout the reporting period[144]. Stock Option Plan - The stock option plan allows for a total of 77,065,000 options to be granted, with no options granted since the plan's adoption[154]. - The stock option plan is designed to attract and retain talent to promote sustainable development of the group[157]. - The board will assess the eligibility of participants based on their contributions and potential contributions to the group's growth[158]. - The stock options granted will be subject to compliance with all applicable laws and regulations[166]. - The maximum duration for stock options is set at ten years from the offer date[171]. - The company must receive a signed acceptance letter and a payment of HKD 1.00 from eligible participants to accept the offer[171]. - The company will not list or trade the stock options on the exchange[172]. - The board has the discretion to terminate stock options if the option holder engages in misconduct or causes significant misstatements in financial reports[181].

Company Overview - Huashi Group Holdings Limited is an integrated service provider based in Hubei, China, offering brand, advertising, and marketing solutions. The company provides a one-stop service throughout the entire value chain, from market research to the execution of branding and marketing strategies, helping brands and advertisers achieve their promotional and marketing goals [3]. Financial Performance - As of December 31, 2024, Huashi Group Holdings reported total revenue of 289 million RMB, representing a year-on-year growth of 22.91%. The net profit attributable to shareholders was 80.635 million RMB, an increase of 24.09%. The gross profit margin stood at 55.3%, and the debt-to-asset ratio was 34.33% [2][4]. Stock Performance - Over the past month, Huashi Group Holdings has experienced a cumulative decline of 4.31%, and a year-to-date decline of 17.01%, underperforming the Hang Seng Index, which has risen by 15.25% [2]. - The stock closed at 0.22 HKD per share on April 1, with a 10.0% increase, trading volume of 528,000 shares, and a turnover of 105,600 HKD, with a price fluctuation of 11.5% [1]. Industry Valuation - The media and entertainment industry has an average price-to-earnings (P/E) ratio of -5.75 times and a median of -0.83 times. Huashi Group Holdings has a P/E ratio of 1.77 times, ranking first in the industry. Other companies in the sector have higher P/E ratios, such as Guo'en Holdings at 4.22 times and Wapush Ruiyuan Metaverse at 4.37 times [2].

Financial Performance - Revenue for the fiscal year 2024 reached RMB 288.5 million, representing a 22.9% increase compared to RMB 234.7 million in fiscal year 2023[3] - Gross profit for fiscal year 2024 was RMB 159.5 million, up 6.4% from RMB 149.9 million in fiscal year 2023[3] - Profit before tax for fiscal year 2024 increased by 27.2% to RMB 100.2 million, compared to RMB 78.8 million in fiscal year 2023[3] - Net profit for fiscal year 2024 was RMB 80.6 million, a 24.0% increase from RMB 65.0 million in fiscal year 2023[3] - Adjusted net profit for fiscal year 2024 was RMB 80.6 million, slightly down by 0.1% from RMB 80.7 million in fiscal year 2023[3] - The company reported basic and diluted earnings per share of RMB 10.46 for fiscal year 2024, compared to RMB 9.79 for fiscal year 2023[4] - Basic earnings per share for the year 2024 was RMB 10.46, an increase of 6.84% from RMB 9.79 in 2023[24] - The net profit for FY2023 and FY2024 was RMB 65.0 million and RMB 80.6 million respectively, with net profit margins of 27.7% and 27.9%[57] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 522.7 million, an increase from RMB 494.0 million in the previous year[5] - Total liabilities decreased to RMB 179.4 million in fiscal year 2024 from RMB 231.4 million in fiscal year 2023[6] - The company's equity attributable to owners was RMB 276.5 million, unchanged from the previous year[6] - Trade receivables decreased to RMB 203,236 thousand in 2024 from RMB 243,311 thousand in 2023, representing a decline of 16.49%[25] - Trade payables decreased significantly to RMB 29,581 thousand in 2024 from RMB 84,899 thousand in 2023, a reduction of 65.16%[27] - The total borrowings as of December 31, 2024, amounted to RMB 107.9 million, with a capital debt ratio decreasing from 48.3% in FY2023 to 34.3% in FY2024[59] Revenue Breakdown - Revenue from brand services was RMB 100,205,000 in 2024, up from RMB 94,503,000 in 2023, reflecting a growth of 6.8%[17] - The company's income from customer contracts for services recognized over time was RMB 180,782,000 in 2024, compared to RMB 146,935,000 in 2023, marking an increase of 22.9%[19] - Revenue from brand services amounted to RMB 100.2 million, accounting for 34.7% of total revenue, down from 40.3% in fiscal year 2023[46] - Online media advertising services generated revenue of RMB 60.5 million, reflecting a year-on-year increase of 42.7%[37] - Revenue from event execution and production services was RMB 59.2 million, showing a year-on-year increase of 23.4%[39] - Advertising placement services achieved revenue of RMB 50.9 million, with a year-on-year increase of 49.4%[41] Expenses and Costs - Service costs rose from RMB 84.9 million in fiscal year 2023 to RMB 129.0 million in fiscal year 2024, primarily due to increased revenue in brand services and online media advertising services[48] - Selling and marketing expenses grew from RMB 10.7 million in fiscal year 2023 to RMB 18.5 million in fiscal year 2024, driven by an expanded sales team and increased operational costs[52] - Administrative and other operating expenses decreased from RMB 54.8 million in fiscal year 2023 to RMB 45.1 million in fiscal year 2024, mainly due to reduced listing expenses[53] - Employee compensation expenses totaled RMB 25.7 million in FY2024, up from RMB 20.7 million in FY2023[64] - Capital expenditures increased significantly from RMB 3.9 million in FY2023 to RMB 29.7 million in FY2024, primarily due to equipment purchases[65] Taxation - The current tax expense for the year ended December 31, 2024, was RMB 19,494,000, compared to RMB 12,580,000 in 2023, indicating an increase of 55.1%[20] - The effective tax rate for the company's Chinese subsidiaries is 25%, with a preferential rate of 15% for certain subsidiaries recognized as high-tech enterprises[20][21] - The group's corporate income tax expense in China increased from RMB 12.58 million in FY2023 to RMB 19.49 million in FY2024, primarily due to a significant portion of business occurring in subsidiaries with a tax rate of 25%[55] Strategic Focus and Market Outlook - The company is focused on expanding its brand, advertising, and marketing services in China, with ongoing investments in new technologies and market strategies[7] - The advertising market is expected to stabilize in 2024, with 75% of advertisers indicating no increase in their advertising budgets[29] - The company is exploring opportunities in emerging industries such as artificial intelligence and low-altitude economy to enhance its core competitiveness[32] - The overall GDP growth in China for 2024 is projected at 5.0%, with retail sales expected to grow by 3.5%[29] - The group is actively expanding its business into telecommunications and agriculture sectors to diversify its client structure and revenue sources[33] - The group is enhancing its digital operational capabilities by leveraging AI to improve content production efficiency and reduce costs[38] - The group aims to integrate real-life event scenarios with digital interactive marketing to enhance event effectiveness and economic benefits for clients[40] - The group plans to expand its media partner list and integrate diverse media resources to enhance the competitiveness of its advertising placement business[42] Governance and Compliance - The company has adopted the corporate governance code and has complied with all applicable provisions except for specific deviations[73] - The audit committee, composed of three independent non-executive directors, has reviewed the consolidated annual performance for the fiscal year 2024[80] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[83] - The board held two meetings in the fiscal year 2024, which is less than the four meetings required by the corporate governance code[76] - All directors confirmed compliance with the standard code for securities transactions throughout the fiscal year 2024[78] Dividends and Shareholder Information - The company did not declare or pay any dividends for the years ended December 31, 2024, and 2023[23] - The board of directors has recommended not to declare any final dividend for the fiscal year 2024[71] - The company will suspend the registration of share transfers from June 24, 2025, to June 27, 2025, to determine shareholder eligibility for the annual general meeting[72] Other Information - The company is currently assessing the impact of new accounting standards and amendments that will take effect in 2027[15] - The group expects significant impacts on the presentation and disclosure of certain items in the financial statements due to the adoption of new accounting standards[15] - The company raised approximately HKD 72.1 million from the global offering of 125,000,000 shares at an issue price of HKD 1.04 per share[68] - There are currently no significant future plans for major investments or capital assets[69] - No significant events have occurred after the reporting period up to the announcement date[70] - The consolidated financial statements for the year ending December 31, 2024, have been agreed upon by the auditor, Hong Kong Li Xin De Hao CPA Limited[81] - The annual report for the fiscal year 2024 will be sent to shareholders upon request and will be available on the company's website[82]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 123.2 million, an increase of 8.5% compared to RMB 113.6 million in the same period of 2023[15] - Gross profit for the same period was RMB 75.0 million, reflecting an 8.5% increase from RMB 69.1 million year-on-year[15] - Profit before tax was RMB 44.1 million, up 8.6% from RMB 40.6 million in the previous year[15] - Net profit for the period was RMB 35.9 million, a 4.4% increase compared to RMB 34.4 million in the prior year[15] - Adjusted net profit decreased slightly to RMB 35.9 million, down 1.9% from RMB 36.6 million year-on-year[15] - Total revenue increased by 8.5% from RMB 113.6 million to RMB 123.2 million, primarily due to growth in new customer numbers in advertising services[37] - Net profit for the six months ended June 30, 2024, was RMB 35,900,000, a 4.4% increase from RMB 34,396,000 in 2023[96] - Basic and diluted earnings per share for the period were RMB 4.66, down from RMB 5.33 in the previous year[96] Assets and Liabilities - Non-current assets increased significantly by 108.5% to RMB 148.9 million from RMB 71.4 million[16] - Current assets rose by 1.5% to RMB 428.8 million compared to RMB 422.6 million in the previous period[16] - Current liabilities increased by 20.2% to RMB 248.3 million from RMB 206.6 million year-on-year[16] - Total assets as of June 30, 2024, amounted to RMB 577,718,000, an increase from RMB 494,002,000 as of December 31, 2023[97] - Total liabilities increased to RMB 279,209,000 from RMB 231,393,000 at the end of 2023[98] - The capital debt ratio increased from 48.3% to 60.8%, primarily due to an increase in bank borrowings during the reporting period[51] Market and Business Development - The company remains optimistic about the recovery of the Chinese economy and the growth of the digital economy sector despite a challenging market environment[18] - The company has developed a one-stop service solution for marketing needs, which has received wide recognition from clients, including a major telecommunications operator[18] - The total contract amount signed with clients indicates a strong demand for the company's services, reflecting a positive trend in business quality and profitability[19] - The company has signed new cooperation agreements with several key clients, including a major telecommunications company for a brand planning and execution project from 2024 to 2026, and strategic cooperation agreements with a high-end seafood hot pot restaurant and a national agricultural enterprise[19] - The market size of China's brand consulting service industry increased from RMB 43.31 billion in 2018 to RMB 54.99 billion in 2022, with a compound annual growth rate (CAGR) of 6.6%, and is expected to reach RMB 59.36 billion by 2027, with a CAGR of 5.3%[21] Operational Efficiency - The company has actively embraced the new trends of digital and intelligent online media advertising, enhancing its data analysis capabilities and achieving precise marketing and effect monitoring[22] - Six new service provider and agency qualifications have been obtained, further enhancing the media resource matrix[22] - The company focuses on brand services and online media advertising services while continuing to monitor opportunities in traditional offline media advertising services[25] - The company aims to create long-term value for clients by integrating digital interactive marketing with real-world event activities[23] - The company is committed to providing personalized and diversified online advertising strategies to clients, leveraging its strong online media channels and professional advertising strategy team[22] Expenses and Costs - Employee costs and depreciation related to advertising placement services were approximately RMB 0.9 million and RMB 1.0 million, respectively, and are presented separately in the cost of sales[39] - The group's service costs increased from RMB 44.6 million to RMB 48.3 million due to higher revenue from advertising services[40] - Sales and marketing expenses increased from RMB 4.7 million to RMB 5.9 million, driven by the expansion of the sales team and office expenses related to business growth[44] - Administrative expenses decreased from RMB 21.4 million to RMB 19.9 million, mainly due to a reduction in listing expenses by approximately RMB 2.2 million[45] - The total income tax expense for the six months ended June 30, 2024, was RMB 8,198,000, compared to RMB 6,251,000 for the same period in 2023, indicating an increase of approximately 31.2%[116] Corporate Governance - The company has adopted a corporate governance code and has complied with all applicable code provisions except for specific deviations regarding the roles of the chairman and CEO[66] - The audit committee consists of three independent non-executive directors, ensuring compliance with relevant regulations[70] - The company will continue to review and monitor its corporate governance practices to ensure adherence to the corporate governance code[66] Shareholder Information - As of June 30, 2024, the total number of issued shares is 770,650,000[86] - Mr. Chen Jiasheng holds 496,334,398 shares, representing 64.40% of the total issued shares[86] - Major shareholders include Jia Yi Culture holding 64.40% and Yuan Jin Culture holding 5.55% of the shares[86] - The company has not purchased, sold, or redeemed any listed securities during the reporting period[89] Future Plans and Investments - The company does not have any detailed future plans for significant investments or capital assets as of the report date[62] - The company expects to utilize the remaining net proceeds by the end of the fiscal year on December 31, 2024, for various strategic initiatives[72]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 123.2 million, an increase of 8.5% compared to RMB 113.6 million for the same period in 2023[1] - Gross profit for the same period was RMB 75.0 million, reflecting an 8.5% increase from RMB 69.1 million year-on-year[1] - Profit before tax increased by 8.6% to RMB 44.1 million, up from RMB 40.6 million in the previous year[1] - Net profit for the period was RMB 35.9 million, a 4.4% increase compared to RMB 34.4 million in the prior year[1] - Adjusted net profit decreased by 1.9% to RMB 35.9 million from RMB 36.6 million year-on-year[1] - Total revenue increased by 8.5% to RMB 123.2 million for the six months ending June 30, 2023, up from RMB 113.6 million, primarily due to growth in new customer numbers in advertising services[42] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 577.7 million, up from RMB 494.0 million as of December 31, 2023[3] - Total liabilities increased to RMB 279.2 million from RMB 231.4 million at the end of 2023[4] - The company's equity attributable to owners increased to RMB 298.5 million from RMB 262.6 million at the end of the previous year[4] - The total trade receivables as of June 30, 2024, amounted to RMB 272,133,000, an increase from RMB 259,426,000 as of December 31, 2023, reflecting a growth of approximately 4.67%[23] - The company’s bank and other loans increased to RMB 164,960,000 as of June 30, 2024, compared to RMB 108,940,000 as of December 31, 2023, representing a rise of approximately 51.55%[27] Earnings Per Share - Basic and diluted earnings per share for the period were RMB 4.66, down from RMB 5.33 in the same period last year[2] - The basic earnings per share for the six months ended June 30, 2024, was RMB 4.66, down from RMB 5.33 in the same period of 2023, indicating a decrease of about 12.54%[21] Revenue Breakdown - Revenue from brand services was RMB 50,004,000, a decrease of 4.2% from RMB 52,222,000 in the previous year[11] - Revenue from advertising services increased significantly to RMB 18,635,000, up 168.5% from RMB 6,966,000 in the prior year[11] - Revenue recognized over time was RMB 77,349,000, a decrease of 5.7% from RMB 81,655,000 in the previous year[12] - Revenue from brand services accounted for approximately 40.6% of total revenue in 2024, down from 46.0% in 2023[43] Expenses and Costs - Total financial costs for the six months ended June 30, 2024, were RMB 3,167,000, significantly higher than RMB 844,000 in the same period of 2023[15] - The company’s employee costs, including directors' remuneration, rose to RMB 8,692,000 for the six months ended June 30, 2024, compared to RMB 7,269,000 in the same period of 2023, marking an increase of about 19.66%[7] - Sales and marketing expenses increased from RMB 4.7 million to RMB 5.9 million, driven by the expansion of the sales team and increased office expenses[50] - Administrative expenses decreased from RMB 21.4 million to RMB 19.9 million, primarily due to a reduction in listing expenses by approximately RMB 2.2 million[51] Strategic Initiatives - The company continues to focus on expanding its brand, advertising, and marketing services in China[5] - The company has implemented proactive development strategies and enhanced service quality, resulting in improved business resilience despite a challenging market environment[32] - The company has established a comprehensive talent training system and digital empowerment initiatives to enhance overall service capabilities and operational efficiency[32] - The company plans to enhance its market influence and competitiveness through five strategic directions, including the establishment of a brand data platform and data repository[40] Market Outlook - The market size of China's brand consulting services increased from RMB 43.31 billion in 2018 to RMB 54.99 billion in 2022, with a CAGR of 6.6%[34] - The projected market size for 2027 is expected to reach RMB 59.36 billion, with a CAGR of 5.3%[34] - The group aims to strengthen its competitive edge in providing one-stop brand solutions and marketing services[34] Corporate Governance - The company has adopted the corporate governance code and complied with all applicable provisions, except for specific deviations regarding the roles of the chairman and CEO[64][65] - The audit committee consists of three independent non-executive directors, ensuring proper governance and oversight[68] Other Information - The company did not declare or pay any dividends for the six months ended June 30, 2024, consistent with the previous year[20] - The company has not reported any significant events following the end of the reporting period[31] - The company did not use any financial instruments for hedging purposes during the reporting period, maintaining a focus on monitoring foreign exchange risks[59]

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 234.7 million, representing a 13.3% increase compared to RMB 207.2 million in 2022[8]. - Gross profit increased by 45.1% to RMB 149.9 million from RMB 103.3 million year-on-year[8]. - Profit before tax rose by 41.7% to RMB 78.8 million, up from RMB 55.6 million in the previous year[8]. - Net profit for the year was RMB 65.0 million, a 42.2% increase from RMB 45.7 million in 2022[8]. - Adjusted net profit surged by 60.1% to RMB 80.7 million compared to RMB 50.4 million in the prior year[8]. - The group recorded a net profit growth of 42.2% to RMB 65.0 million for the year ending December 31, 2023, with adjusted net profit increasing by 60.1% to RMB 80.7 million[19]. - Total revenue reached RMB 234.7 million, representing a 13.3% increase from RMB 207.2 million in 2022[19]. - Gross profit increased by 45.1% to RMB 149.9 million, up from RMB 103.3 million in 2022[19]. - The group's net profit for FY2023 was RMB 65.0 million, compared to RMB 45.7 million in FY2022, with a net profit margin increasing from 22.1% to 27.7%[50]. - The adjusted profit (non-HKFRS) for the fiscal year 2023 was RMB 80.728 million, an increase of 60% compared to RMB 50.394 million in fiscal year 2022[59]. - The net profit for the fiscal year 2023 was RMB 64.983 million, up from RMB 45.659 million in fiscal year 2022, representing a growth of 42.3%[59]. Assets and Liabilities - Non-current assets increased to RMB 71.4 million from RMB 34.0 million year-on-year[10]. - Current assets rose significantly to RMB 422.6 million, up from RMB 128.7 million in 2022[10]. - Current liabilities increased to RMB 206.6 million from RMB 62.4 million in the previous year[10]. - Cash and cash equivalents as of December 31, 2023, were RMB 171.0 million, up from RMB 2.9 million on December 31, 2022, reflecting an increase of RMB 168.1 million[47]. - The capital debt ratio increased from 43.3% on December 31, 2022, to 48.3% on December 31, 2023, mainly due to increased bank borrowings[53]. - The total borrowings as of December 31, 2023, amounted to RMB 118.9 million, with 9.2% classified as non-current liabilities[53]. Business Strategy and Operations - The company established a wholly-owned subsidiary, Wuhan Huayan Tiancheng Technology Co., Ltd., focusing on online media advertising services[16]. - The company aims to expand its service coverage across various provinces in China, enhancing marketing efforts for stable business growth[15]. - The company plans to establish a brand data platform and develop a data repository to offer comprehensive brand strategies and service plans to clients[20]. - The company aims to enhance its online media advertising platform's competitiveness and expand its service coverage area to increase brand awareness and marketing efforts[20]. - The company will continue to strengthen partnerships with leading network platforms and seek strategic collaboration and investment opportunities[20]. - The company provides a full range of services from market research to the execution of brand, advertising, and marketing projects[23]. - The online media advertising services include display advertising and search engine advertising, tailored to meet clients' marketing needs[25]. - The company assists clients in organizing and implementing marketing activities to promote their brands, services, and products[26]. - The company plans to strengthen its market position as a leading brand, advertising, and marketing service provider in China by establishing a brand data platform and enhancing collaboration with major network platforms[31]. - The company aims to expand its service coverage area and enhance brand awareness and marketing efforts through selective strategic partnerships and investment opportunities[31]. Revenue Breakdown - Revenue from brand services was RMB 94.5 million, accounting for 40.3% of total revenue, while revenue from online media advertising services was RMB 42.4 million, accounting for 18.1% of total revenue[34]. - Revenue from advertising placement services, including rebates from media partners, significantly increased due to the growth in advertising volume on various online media platforms[34]. - The total contract amount signed with clients was RMB 883.2 million, with 97.3% (approximately RMB 859.2 million) of services already provided[23]. Expenses and Costs - The service cost decreased from RMB 103.9 million in the fiscal year 2022 to RMB 84.9 million in the fiscal year 2023, primarily due to increased revenue from advertising services[40]. - Sales and marketing expenses increased from RMB 6.4 million in FY2022 to RMB 10.7 million in FY2023, mainly due to the expansion of the sales team and office expenses[43]. - Administrative expenses grew from RMB 34.3 million in FY2022 to RMB 54.8 million in FY2023, driven by increased operational costs and professional fees related to the IPO[44]. - Employee compensation expenses totaled RMB 20.7 million in fiscal year 2023, compared to RMB 14.8 million in fiscal year 2022, reflecting an increase of 39.2%[61]. Governance and Management - The company has established a strong governance structure with independent non-executive directors to provide oversight and independent judgment[84]. - The company appointed Ms. Wang Shujin as Executive Director and Senior Vice President on October 9, 2023, responsible for business implementation and sales targets[77]. - Mr. Zhang Bei was appointed as Executive Director and Chief Financial Officer on October 9, 2023, overseeing daily financial matters and internal control policies[78]. - Ms. Xue Yuchun was appointed as Executive Director and General Manager of Corporate Planning on October 9, 2023, focusing on corporate strategy planning[80]. - The company has over 13 years of experience in the advertising and media industry, with key management personnel having extensive backgrounds in finance and marketing[79][80]. - The management team has extensive experience in their respective fields, contributing to the company's operational efficiency and strategic planning[99][100]. Shareholder Information - The board of directors includes four executive directors and four independent non-executive directors, with appointments made on October 9, 2023[127]. - The company reported a significant ownership structure, with Mr. Chen holding 64.40% of the shares, Ms. Wang holding 5.55%, and Ms. Xue holding 0.85%[150]. - Major shareholders include Jiahua Culture with 496,334,398 shares (64.40%) and Yuanjin Culture with 42,746,550 shares (5.55%)[157]. - The company has no arrangements that allow directors to benefit from purchasing shares or debt securities of the company[158]. Stock Option Plan - The stock option plan allows for the issuance of up to 77,065,000 options, with a remaining term of approximately 9.8 years as of December 31, 2023[164]. - The stock option plan was conditionally adopted on October 9, 2023, to incentivize contributions to the group's growth and development[163]. - The board will evaluate the eligibility of participants for stock options based on their contributions to the company's development and growth[167]. - The stock option plan will be effective for a period of ten years from the adoption date, with options granted during this period remaining exercisable for ten years after the expiration[176]. - Eligible participants must provide reasonable evidence as a condition for accepting offers and exercising options[176]. - The maximum number of shares available for subscription under the share option plan is capped at 10% of the total issued shares as of the listing date, which amounts to 77,065,000 shares[196]. Compliance and Regulations - The company has complied with all relevant laws and regulations in China during the reporting period[149]. - The company did not incur any expenses related to non-compliance with applicable environmental laws and regulations[147]. - The company has established internal control mechanisms to identify related party transactions[86]. - The audit committee plays an effective role in overseeing the internal control system[86]. - The company emphasizes compliance with confidentiality obligations and conflict of interest disclosures[86].