Financial Performance - Revenue for the first half of 2024 was RMB 512,572,000, a decrease of 8.8% compared to RMB 561,965,000 in the same period of 2023[3] - Gross profit for the first half of 2024 was RMB 56,085,000, down 46.1% from RMB 104,108,000 in the first half of 2023[3] - Operating loss for the first half of 2024 was RMB 75,247,000, compared to an operating loss of RMB 14,522,000 in the same period of 2023[3] - Net loss for the first half of 2024 was RMB 71,909,000, significantly higher than the net loss of RMB 13,925,000 in the first half of 2023[3] - Basic and diluted loss per share for the first half of 2024 was RMB 0.0889, compared to RMB 0.0189 in the same period of 2023[3] - Total comprehensive loss for the first half of 2024 was RMB 71,827,000, compared to RMB 12,454,000 in the first half of 2023[4] Revenue Breakdown - Revenue from the smart transportation business was RMB 93,261 thousand, down 47.3% from RMB 176,461 thousand in the previous year[11] - Revenue from the smart building and park business was RMB 220,216 thousand, a slight decrease of 5.9% from RMB 234,015 thousand in the previous year[11] - Revenue from the smart energy business increased by 31.4% to RMB 199,095 thousand, compared to RMB 151,489 thousand in the same period of 2023[11] - The overall revenue for the group in the first half of 2024 was RMB 512.6 million, with the smart energy segment contributing 39% to total revenue[38] Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to RMB 1,061,526,000, an increase from RMB 1,054,808,000 as of December 31, 2023[5] - Current assets as of June 30, 2024, totaled RMB 4,165,552,000, a decrease from RMB 4,486,800,000 as of December 31, 2023[6] - The company's total equity as of June 30, 2024, was RMB 2,898,533,000, compared to RMB 2,826,706,000 as of December 31, 2023[7] - Trade receivables and notes receivable, net of provisions, amounted to RMB 1,679.9 million as of June 30, 2024, compared to RMB 1,669.6 million as of December 31, 2023[8] - Total payables and notes payable were RMB 1,814.4 million as of June 30, 2024, down from RMB 2,042.9 million as of December 31, 2023[8] Operational Strategy and Market Position - The company is actively adjusting its operational strategy to expand into new market areas and collaboration opportunities, which has led to increased sales expenses[29] - The company completed the Shenyang Metro Line Network Command Center project, enhancing operational efficiency and passenger experience through its self-developed network operation scheduling system[30] - The Chongqing Rail Transit Line 6 comprehensive monitoring system project showcased the company's technical capabilities and effective execution in upgrading existing systems[30] - The company has secured its fifth line in the Changchun rail transit market, reflecting its strong technical innovation and project management experience[31] Research and Development - The company incurred research and development expenses of RMB 12,028,000 during the reporting period[19] - The group continues to deepen its efforts in the smart medical field, providing IoT products to Tsinghua Chang Gung Hospital, which includes energy-saving algorithms for efficient energy use[32] - The group plans to strengthen collaboration with internal business units and Tsinghua University to drive technological innovation and sustainable development[35] Financial Costs and Expenses - Sales and distribution expenses rose by 7.5% year-on-year to approximately RMB 44.7 million, accounting for 8.7% of revenue, an increase of 1.3 percentage points compared to the same period last year[45] - Administrative and other operating expenses increased by 11.0% to approximately RMB 75.4 million, attributed to increased investment in R&D and amortization of intangible assets[46] - Financial costs rose by 8.1% year-on-year to approximately RMB 4.0 million, driven by increased loan amounts to support business development[48] Employee and Corporate Governance - The total employee count decreased to 626 as of June 30, 2024, from 791 as of June 30, 2023, with total employee costs reducing from approximately RMB 103.8 million to RMB 80.0 million[57] - The board does not recommend the payment of any interim dividend for the first half of 2024[62] Reporting and Compliance - The financial report is prepared in accordance with Hong Kong Accounting Standards and has been reviewed by an independent auditor[9] - The mid-term performance announcement is published on the Hong Kong Stock Exchange and the company's website[63] - The mid-term report will be sent to shareholders by June 30, 2024, containing all information required by Listing Rule Appendix D2[63]

Technology and Innovation - The company achieved significant progress in core technology research and development, enhancing its core capabilities[9] - The company is focusing on expanding its smart building and smart transportation sectors, with successful implementations in smart healthcare and smart campus projects[11] - The company is actively exploring new growth points in the smart energy sector, particularly in collaboration with China National Nuclear Corporation[13] - The company aims to strengthen its industry position by enhancing the Kunlun industrial internet platform and promoting cross-industry applications[10] - The company is committed to promoting low-carbon urban development and achieving high-quality growth in 2024[13] - The company is focused on building a new benchmark for smart low-carbon parks through the signing of new smart projects[10] - The company is focusing on low-carbon technologies and has developed solutions for smart healthcare and smart exhibitions, expanding its market influence[17][19] - The management team emphasizes the importance of innovation in new product development and technology advancements to drive future growth[64] - The company plans to increase its investment in research and development to support new technology initiatives and market expansion[67] Financial Performance - In 2023, the company achieved revenue of approximately RMB 1,838.0 million, representing a year-on-year increase of 5.7%[15] - The gross profit margin declined significantly due to slow market recovery and intensified competition, adversely affecting net profit, which recorded a loss of approximately RMB 99.9 million[15] - The company reported a basic earnings per share loss of RMB 0.1291 in 2023, compared to earnings of RMB 0.0705 in 2022[14] - The cost-to-revenue ratio increased to 90.8% in 2023, indicating rising operational costs[14] - The smart energy segment achieved revenue of approximately RMB 548.4 million, an increase of 10.4% compared to RMB 496.9 million in the previous year[30] - The smart transportation segment's revenue rose by 33.6% to approximately RMB 467.1 million from RMB 349.5 million in 2022[27] - The smart building and park segment's revenue decreased by 7.8% to approximately RMB 822.5 million from RMB 892.5 million in 2022[28] - The company's sales cost for 2023 was approximately RMB 1,668.7 million, an increase of about 16.3% from RMB 1,435.4 million in 2022[31] - The gross profit decreased by 44.2% to approximately RMB 169.3 million, with a gross margin of 9.2%, down 8.2 percentage points year-on-year[32] - Other income for 2023 was approximately RMB 27.7 million, a decline of about 16.6% from RMB 33.2 million in 2022[33] - Administrative and other operating expenses increased by 26.5% to approximately RMB 168.2 million from RMB 133.0 million in 2022[36] - The group recorded a loss of approximately RMB 99.9 million in 2023, compared to a profit of approximately RMB 55.7 million in 2022, resulting in a net profit margin decline from 3.2% to -5.4%[41] Asset Management and Financial Position - Non-current assets decreased to RMB 1,061.5 million in 2023 from RMB 1,141.2 million in 2022, reflecting asset management challenges[14] - The current ratio slightly declined to 1.7 in 2023, indicating a tighter liquidity position[14] - Trade and other receivables increased by 5.9% to approximately RMB 1,864.6 million in 2023, with the average trade receivables turnover days rising from 269 days to 290 days[45] - The group's inventory rose by 7.7% to approximately RMB 1,282.7 million in 2023, with average inventory turnover days increasing to about 246 days[43] - Financial costs increased to approximately RMB 8.5 million in 2023 from RMB 6.7 million in 2022 due to an increase in loan amounts[39] - Income tax expenses significantly decreased from approximately RMB 9.7 million in 2022 to about RMB 0.3 million in 2023 due to the recorded loss[40] - The group’s cash and cash equivalents amounted to approximately RMB 363.3 million as of December 31, 2023, representing 12.5% of the group's net assets[46] - The group’s total liabilities included approximately RMB 275.8 million in short-term bank loans with an average interest rate of 3.75%[46] Corporate Governance and Management - The board includes independent directors with diverse backgrounds in finance, engineering, and management, enhancing governance and strategic oversight[66] - The company has established mechanisms to ensure independent viewpoints are available to the board[160] - The board's experience includes a mix of new and senior directors, contributing valuable insights to the group's operations[161] - The company has established an Audit Committee, which includes three independent non-executive directors, to oversee financial reporting and internal controls[172] - The Remuneration Committee reviewed the compensation policies for the year 2023 and evaluated the performance of directors and senior management[176] - The company aims to maintain a diverse board composition, considering factors such as gender, age, and professional qualifications[178] - The company has established a Nomination Committee to regularly review the board's structure and recommend suitable candidates[178] - The company’s governance report is part of the annual report, ensuring compliance with listing rules and regulations[171] Shareholder Communication and Dividend Policy - The company emphasizes effective communication with shareholders and stakeholders through various channels, ensuring timely access to important information[196] - The company has adopted a dividend policy that considers various factors including actual and expected financial performance, cash flow, and overall business conditions[198] - The company will regularly review and reassess the effectiveness of its dividend policy based on financial performance and future business plans[198] - The board believes that the shareholder communication policy has been effectively implemented and complies with corporate governance codes[197] - Shareholders can submit inquiries to the board through designated channels, ensuring their concerns are addressed[194] - The company will invite its auditors to attend the annual general meeting to address shareholder questions regarding audit work and financial reporting[197] Sustainability and Social Responsibility - The company is committed to sustainability and green building practices, aligning with industry trends towards eco-friendly solutions[65] - The company has obtained ISO14001 environmental management system certification, demonstrating its commitment to energy-saving and environmental protection[145] - The company has published its eighth Environmental, Social, and Governance (ESG) report, highlighting its efforts and contributions in these areas[199] Related Party Transactions - The group sold products to Tongfang Group amounting to approximately RMB 217.4 million, within the approved cap of RMB 420.0 million[116] - The group purchased raw materials from Tongfang Group amounting to approximately RMB 120.5 million, within the approved cap of RMB 220.0 million[119] - The group has established a new three-year sales agreement with Tongfang Beijing, with annual caps of RMB 420.0 million, RMB 460.0 million, and RMB 510.0 million for the years ending December 31, 2023, 2024, and 2025 respectively[116] - The group has set a new three-year procurement agreement with Tongfang, with annual caps of RMB 220.0 million, RMB 250.0 million, and RMB 270.0 million for the years ending December 31, 2023, 2024, and 2025 respectively[118] - The independent non-executive directors have reviewed the ongoing related party transactions and confirmed compliance with the relevant regulations[126] - The auditor has issued an unqualified opinion regarding the group's ongoing related party transactions as disclosed in the annual report[126]

Financial Performance - For the year ended December 31, 2023, Technovator International Limited reported total revenue of RMB 1,838,010, an increase of 5.7% from RMB 1,738,878 in 2022[5] - The cost of sales for 2023 was RMB 1,668,687, compared to RMB 1,435,444 in 2022, resulting in a gross profit of RMB 169,323, down 44.1% from RMB 303,434 in the previous year[5] - The net loss for the year was RMB 99,947, a significant decline from a profit of RMB 55,718 in 2022, indicating a shift in financial performance[6] - Basic loss per share for 2023 was RMB 0.1291, compared to earnings per share of RMB 0.0705 in 2022[5] - The reported segment profit for the year 2023 was RMB 35,128,000, a significant decrease from RMB 196,995,000 in 2022, indicating a decline of about 82.2%[32] - The company reported a pre-tax loss of RMB 99,676,000 for 2023, compared to a profit of RMB 65,416,000 in 2022, indicating a significant shift in financial performance[32] - The company experienced a net loss of approximately RMB 99.9 million due to a significant decline in gross margin and increased impairment provisions[52] - The group recorded a loss of approximately RMB 99.9 million in 2023, compared to a profit of about RMB 55.7 million in 2022, resulting in a net profit margin decline from 3.2% to approximately -5.4%[83] Revenue Breakdown - Revenue from the smart transportation business amounted to RMB 467,056,000, while the smart building and park business generated RMB 822,510,000, and the smart energy business brought in RMB 548,444,000[21] - The smart building and park business saw a significant increase in revenue from RMB 349,528,000 in 2022 to RMB 822,510,000 in 2023, indicating a growth of approximately 135.5%[21] - The smart energy business revenue decreased from RMB 892,492,000 in 2022 to RMB 548,444,000 in 2023, reflecting a decline of about 38.5%[21] - The Smart Transportation segment generated revenue of RMB 467,056 thousand, accounting for 25.4% of total revenue[67] - The Smart Building and Park segment recorded revenue of RMB 822,510 thousand, a significant increase of 33.6% compared to RMB 349,528 thousand in 2022[67] - The Smart Energy segment's revenue was RMB 548,444 thousand, showing a year-on-year decline of 7.8% from RMB 892,492 thousand[67] Assets and Liabilities - Total assets as of December 31, 2023, were RMB 4,486,800, an increase from RMB 4,148,614 in 2022[11] - Current liabilities increased to RMB 2,609,652 in 2023 from RMB 2,258,368 in 2022, reflecting a rise in operational costs[11] - Non-current assets totaled RMB 1,141,180, a decrease from RMB 1,061,526 in 2022, suggesting potential asset impairment[9] - The total trade and other payables amounted to RMB 2,222.9 million in 2023, compared to RMB 2,042.9 million in 2022[46] - Trade receivables and notes receivable (net of impairment) amounted to RMB 1,669.6 million in 2023, compared to RMB 1,560.0 million in 2022[44] - As of December 31, 2023, the group's cash and cash equivalents amounted to approximately RMB 363.3 million, representing 12.5% of the group's net assets[87] - The group's net debt as of December 31, 2023, was approximately RMB 77.5 million, with a debt-to-asset ratio of about 5.2%[88] Operational Highlights - The company plans to focus on new product development and market expansion strategies to improve future performance[3] - Technovator is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[3] - The company has actively expanded into new business areas, including rail transit communication, creating new growth points[54] - The company has developed an integrated management platform for smart stations, utilizing cloud technology, digital twins, IoT, and AI[53] - The company has successfully implemented the GoA4 level fully automated driverless line project in Ningbo, enhancing the application of its platform in rail transit[53] - The company updated the BAS system for the Tianjin-Binhai Light Rail Line 9, improving operational safety and integrating with new stations[56] Cost and Expenses - The financial costs for the year 2023 amounted to RMB 8,454,000, slightly up from RMB 6,687,000 in 2022, marking an increase of about 26.4%[34] - Employee costs totaled RMB 206,622,000 in 2023, a decrease from RMB 215,438,000 in 2022, representing a reduction of approximately 4.2%[34] - Administrative and other operating expenses increased by 26.5% to approximately RMB 168.2 million in 2023, driven by increased R&D investment and asset impairment losses[79] - The group's sales cost rose by approximately 16.3% to about RMB 1,668.7 million in 2023 from RMB 1,435.4 million in 2022, primarily due to increased revenue and a decline in gross margin[73] - Gross profit decreased by 44.2% to approximately RMB 169.3 million in 2023, with a gross margin of 9.2%, down 8.2 percentage points from the previous year, attributed to slow market recovery and intensified competition[74] Corporate Governance - The group has not applied any new accounting standards or interpretations that have not yet come into effect during the reporting period, indicating stability in accounting practices[18] - The group has implemented new and revised Hong Kong Financial Reporting Standards, which have not had a significant impact on the group's financial performance or position during the reporting period[18] - The management team regularly reviews accounting estimates and assumptions, ensuring that financial reporting remains accurate and relevant[18] - The group adhered to all corporate governance codes as per the Hong Kong Stock Exchange regulations[96] - The company has adopted the standard code of conduct for securities trading from September 8, 2011, to December 31, 2023, confirming compliance by all directors during this period[97] Shareholder Information - The company has not declared or paid dividends for the fiscal years 2022 and 2023[48] - No dividends were declared for the fiscal year ending December 31, 2022, and the board does not recommend any final dividend for the year ending December 31, 2023[99] - The annual general meeting is scheduled for June 13, 2024, in Hong Kong, with a notice to be issued to shareholders in due course[101] - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website, with the annual report to be sent to shareholders at an appropriate time[102]

Financial Performance - The company reported a revenue of approximately RMB 562.0 million for the first half of 2023, a year-on-year decrease of 10.1%[7] - The company recorded a loss of approximately RMB 13.9 million during the same period[7] - In the first half of 2023, the company recorded a net revenue of RMB 562.0 million, a year-on-year decrease of 10.1%[15] - The company's gross profit decreased by 3.9% to approximately RMB 104.1 million, with a gross margin of 18.5%, an increase of 1.2 percentage points from the previous year due to improved cost control[24] - The company recorded a loss of approximately RMB 13.9 million in the first half of 2023, a significant decline from a profit of RMB 9.7 million in the same period last year, resulting in a net margin of approximately -2.5%[33] - The net loss attributable to equity shareholders was RMB 14,772,000, compared to a profit of RMB 11,690,000 in the same period last year[65] - The total profit for the reportable segments was RMB 47,894,000, a decrease of 36.38% compared to RMB 75,280,000 in the same period of 2022[86] - The company reported a basic loss per share of RMB 14,772,000 for the six months ended June 30, 2023, compared to a profit of RMB 11,690,000 in the same period of 2022[96] Segment Performance - The smart transportation segment saw steady revenue growth, benefiting from the rapid recovery of the rail transit industry[8] - The smart transportation segment saw revenue increase by 54.3% to approximately RMB 176.5 million, driven by the acceleration of major project implementations[19] - The smart building and park segment faced a decline in revenue due to project investment delays and extended payment cycles, impacting profit margins[9] - The smart building and park segment's revenue decreased by 35.1% to approximately RMB 234.0 million, impacted by a decline in infrastructure spending and high revenue from significant projects in the previous year[21] - The smart energy segment maintained stable revenue from centralized heating projects, although profit margins were affected by rising energy prices[12] - The smart energy segment's revenue remained stable, with a slight increase of 0.8% to approximately RMB 151.5 million, supported by ongoing energy management projects[22] Operational Efficiency - The company successfully applied its self-developed ezISCS-SOM software system in the operation of the Suzhou Rail Transit Line 11 and Xi'an Metro Line 16, enhancing operational efficiency[8] - Selling and distribution expenses decreased by 6.1% to approximately RMB 41.6 million, representing 7.4% of total revenue, attributed to optimized expense management[28] - Administrative and other operating expenses increased by 6.9% to approximately RMB 67.9 million, primarily due to increased R&D investments[29] Cash Flow and Financial Position - As of June 30, 2023, the company's cash and cash equivalents were approximately RMB 115.9 million, accounting for 3.9% of the group's net assets, down from RMB 354.0 million as of December 31, 2022[38] - The company's net debt as of June 30, 2023, was approximately RMB 94.8 million, compared to a net cash position of RMB 163.6 million as of December 31, 2022, with a debt-to-asset ratio of approximately 4.0%[39] - The company's cash and cash equivalents decreased significantly from RMB 354,040,000 to RMB 115,936,000, a decline of about 67.2%[68] - Net cash used in operating activities was RMB (210,463,000), compared to RMB (258,904,000) in the previous year, indicating an improvement of approximately 18.7%[74] - The total equity attributable to equity shareholders decreased from RMB 2,980,325,000 to RMB 2,967,024,000, a decline of about 0.4%[70] Investments and Commitments - The company is actively expanding into the smart hospital sector, successfully implementing its Techcon IBS5.0 software in Beijing Gaobo Hospital and Neosys IoT controllers in Wuhan Jinyintan Hospital[11] - The company signed new contracts for centralized heating projects in Taiyuan, reinforcing its position in the energy management sector[12] - The company aims to leverage opportunities from carbon neutrality policies to expand its zero-carbon business and enhance its market competitiveness[13] - The contracted capital commitments as of December 31, 2023, amounted to RMB 207,015 thousand, compared to RMB 214,564 thousand as of June 30, 2022[110] Research and Development - Research and development expenses recognized as costs amounted to RMB 13,641,000 for the six months ended June 30, 2023, up 45.5% from RMB 9,368,000 in 2022[91] - The report indicates that the company is committed to enhancing its core technologies in energy optimization and management systems[82] Shareholder Information - Major shareholder Tongfang Co., Ltd. held 92,000,000 shares, representing approximately 11.76% of the issued share capital[57] - Resuccess Investments Limited, controlled by Tongfang Co., Ltd., held 194,330,142 shares, representing approximately 24.84% of the issued share capital[57] - The company did not establish any arrangements that would result in directors or senior management holding any interests in the company's shares as of June 30, 2023[55] Compliance and Review - The financial report was reviewed by KPMG, ensuring compliance with Hong Kong accounting standards[77] - The company has not applied any new standards or interpretations that have not yet come into effect during the reporting period[78]

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佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈 全部或任何部分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。 Technovator TECHNOVATOR INTERNATIONAL LIMITED 同 方 泰 德 國 際 科 技 有 限 公 司* （於新加坡註冊成立的有限公司） 1206 （股份代號： ） 二 零 二 三 年 中 期 業 績 公 佈 中期業績 同方泰德國際科技有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其 附屬公司（「本集團」或「同方泰德」）於截至二零二三年六月三十日止六個月（「二 零二三年上半年」）的未經審核綜合中期財務業績，連同二零二二年同期（「二零 二二年上半年」）的比較數字。該等業績已經本公司審核委員會審閱，而審核委 員會僅由本公司獨立非執行董事組成。於二零二三年上半年的未經審核中期 財務報表已經本公司外聘核數師審閱。 ...

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佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Technovator TECHNOVATOR INTERNATIONAL LIMITED 同 方 泰 德 國 際 科 技 有 限 公 司* （於新加坡註冊成立的有限公司） 1206 （股份代號： ） 補 充 公 佈 茲提述本公司截至二零二二年十二月三十一日止年度的年度報告（「年報」）。除 文義另有所指外，本公佈所用詞彙與年報所界定者具有相同涵義。 誠如本公司日期為二零一五年十二月七日的公佈所披露，本公司於二零一五 年十二月四日採納股份獎勵計劃（「股份獎勵計劃」）。股份獎勵計劃的主要條款 概要載列如下： 股份獎勵計劃的目的 LR17.09(1) 股份獎勵計劃旨在嘉獎若干經選定承授人作出的貢獻，從而留聘及鼓勵彼等 為本集團未來的經營及發展作出努力，並吸引具有經驗及能力的合適人才加 入及推動本集團的進一步發展。 股份獎勵計劃的參與者 LR17.0 ...

Financial Performance - In 2022, the company recorded a net income of approximately RMB 1,738.9 million, representing a year-on-year increase of 7.4%[16]. - The net profit for the year was approximately RMB 55.7 million, which is a 22.2% increase compared to the previous year[16]. - The company achieved a gross profit margin of 17.5% in 2022, with a cost-to-revenue ratio of 82.6%[15]. - The company’s equity attributable to shareholders increased to RMB 2,980.3 million in 2022, reflecting a steady growth trend[15]. - The current ratio remained stable at 1.8 in 2022, indicating a solid liquidity position[15]. - In 2022, the company achieved a net revenue of approximately RMB 1,738.9 million, representing a year-on-year increase of 7.4%[25]. - The smart transportation segment generated revenue of approximately RMB 349.5 million, a decrease of 27.8% compared to RMB 484.4 million in 2021[29]. - The smart building and park segment saw revenue rise by 22.2% to approximately RMB 892.5 million from RMB 730.2 million in 2021[30]. - The smart energy segment reported revenue of approximately RMB 496.9 million, an increase of 22.8% from RMB 404.5 million in the previous year[31]. - The company's gross profit decreased by 4.4% to approximately RMB 303.4 million, with a gross margin of 17.4%, down 2.2 percentage points from the previous year[33]. - Sales and distribution expenses were approximately RMB 81.5 million, a reduction of 21.3% compared to the previous year, with expenses accounting for 4.7% of revenue[37]. - Administrative and other operating expenses decreased by 7.5% to approximately RMB 133.0 million due to enhanced cost control during the pandemic[38]. - The company recorded other income of approximately RMB 33.2 million, a decline of 13.1% from RMB 38.2 million in 2021, primarily due to reduced interest income from EMC projects[35]. - The impairment loss on trade and other receivables increased to approximately RMB 62.2 million from RMB 28.6 million in the previous year, attributed to delayed payments and extended aging of settled projects[39]. - The effective tax rate was approximately 14.8%, a decrease of 1.4 percentage points from the previous year, with income tax expenses rising by 10.2% to approximately RMB 9.7 million[41]. - The net profit increased by 22.1% from approximately RMB 456 million in 2021 to about RMB 557 million in the current year, with a net profit margin rising from 2.8% to 3.2%[42]. - Basic earnings per share rose by 21.8% year-on-year to RMB 0.0705, compared to RMB 0.0579 in 2021[42]. - Inventory increased from approximately RMB 983 million in 2021 to about RMB 1,191 million in 2022, with inventory turnover days remaining stable at 228 days[44]. - Trade and other receivables rose to approximately RMB 1,760.5 million in 2022 from RMB 1,456.4 million in 2021, with average trade receivable turnover days increasing to 269 days[45]. - Trade and other payables increased significantly to approximately RMB 1,924.2 million in 2022 from RMB 1,577.2 million in 2021, with average trade payable turnover days at 360 days[45]. - Cash and cash equivalents were approximately RMB 354 million as of December 31, 2022, accounting for 11.8% of the group's net assets, down from RMB 411.7 million in 2021[46]. - The group's net cash position decreased to approximately RMB 163.6 million in 2022 from RMB 312.4 million in 2021, with a debt-to-asset ratio of 3.6%[48]. - The total employee cost decreased from approximately RMB 224 million in 2021 to about RMB 215.4 million in 2022, with the number of employees reducing from 812 to 779[52]. - The company did not engage in any significant acquisitions or investments during the year ended December 31, 2022[54][55]. - The average annual interest rate on bank loans decreased to 3.9% in 2022 from 4.0% in 2021[46]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2022, representing a growth of 15% compared to the previous year[64]. - User data showed a 20% increase in active users, reaching 5 million by the end of 2022[64]. - The company provided a positive outlook for 2023, projecting a revenue growth of 10% to 1.32 billion[64]. - New product launches are expected to contribute an additional 200 million in revenue in 2023[64]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies[64]. - Market expansion plans include entering three new international markets by the end of 2023[64]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[64]. - A new marketing strategy is set to increase brand awareness by 25% in the next fiscal year[64]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization[64]. - The company reported a total reserve of RMB 384,094,000 as of December 31, 2022, down from RMB 395,306,000 in the previous year, indicating a decrease of approximately 3%[88]. - The company made charitable donations amounting to approximately RMB 41,795 during the fiscal year ending December 31, 2022, compared to none in the previous year[89]. - The company did not declare any dividends for the fiscal year ending December 31, 2022, and the board does not recommend any final dividend for the same period[86]. - The company has not declared any dividends for the fiscal year ending December 31, 2021, and similarly, no dividends were declared for 2022[86]. Business Operations and Strategy - In 2022, the company faced significant challenges due to the COVID-19 pandemic, economic downturn, and adjustments in the real estate construction industry, but managed to maintain high-quality development through refined management and innovative business models[9]. - The company emphasized its commitment to innovation, increasing R&D investment, and enhancing its core capabilities, particularly through the development of the "Kunlun" industrial internet operating system and various key equipment solutions[10]. - The company successfully launched multiple core components of the Kunlun digital platform, improving service capabilities across various sectors, including smart energy management and zero-carbon park solutions[10]. - The company secured contracts in smart building, smart transportation, and smart energy sectors, including projects like the Beijing Dongsheng Technology Park and the Xinjiang Tianfu South Thermal Power Unit[12]. - The company’s light-asset energy operation services business is experiencing growth, with successful completion of energy management projects and recognition for excellence in contract energy management[12]. - The company completed key national projects, including the construction and service support for venues during the 2022 Beijing Winter Olympics, receiving commendations from various organizations[14]. - The company aims to leverage opportunities from China's rapid economic recovery and national strategies for new infrastructure and green low-carbon industries in 2023[14]. - The company’s subsidiary, Tongfang Energy Engineering Technology Co., Ltd., was recognized as an "Innovative" SME in Beijing, and its Beijing subsidiary passed the CMMI Level 3 certification[11]. - The company has been awarded multiple industry accolades, including first-class awards in architectural design and second-class awards in equipment management and technological innovation[11]. - The company is focused on sustainable development through contract energy management and operational models, enhancing its service offerings in energy management[12]. - The smart transportation segment faced revenue decline due to the pandemic, but the number of projects won in comprehensive monitoring ranked first in the industry[17]. - The company successfully applied its self-developed energy management system in various metro projects, enhancing energy efficiency through machine learning algorithms[17]. - The smart building and park segment saw significant growth in market contracts, completing the technical support for the smart building system at the National Stadium for the Winter Olympics[18]. - The company launched a lightweight smart heating platform to meet diverse needs in the competitive smart heating sector, successfully applied in the Baoding Datang heating project[21]. - The company developed a high-temperature heat pump equipment for industrial steam needs, achieving over 50% energy savings in practical applications[21]. - The company’s main business segments include smart transportation, smart buildings and parks, and smart energy, focusing on integrated energy management solutions[81]. Corporate Governance and Compliance - The board of directors is composed of 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors, ensuring a diverse range of expertise and experience[149]. - The company has adhered to all provisions of the corporate governance code as of December 31, 2022, except for the frequency of board meetings as specified in code C.5.1[146]. - All independent non-executive directors have served for over 11 years, and the company is committed to appointing a new independent non-executive director at the next annual general meeting[146]. - The company has established mechanisms to ensure the board receives independent views and opinions, with independent non-executive directors providing unbiased insights on strategy and performance[155]. - The chairman and CEO roles are separated, with Qin Xuzhong as chairman and Zhao Xiaobo as CEO, ensuring clear leadership and operational management[154]. - The board regularly reviews authorized functions and tasks, ensuring that significant transactions require board approval[150]. - The company has purchased adequate insurance to protect directors against legal liabilities arising from corporate activities[151]. - The board consists of seven male members and one female member, with ages ranging from 37 to 64[156]. - The gender ratio among all employees, including senior management, is 1.8:1, indicating a focus on gender diversity[157]. - The board held two meetings and one annual general meeting during the fiscal year ending December 31, 2022[159]. - The audit committee held two meetings during the fiscal year, with all members attending both meetings[168]. - The audit committee reviewed the group's interim results for the six months ending June 30, 2022, and the audited annual results for the year ending December 31, 2022[169]. - The company aims to maintain at least one female director on the board, based on the value and contribution of selected candidates[157]. - The board's diversity policy was adopted in August 2013, emphasizing the importance of diverse skills and experiences[156]. - The company continues to seek and select female candidates for board positions to ensure long-term gender diversity[157]. - The board's meetings are conducted regularly, with a minimum of four meetings recommended annually, although only two were held in the past year[159]. - The company has established various committees, including the audit committee, to ensure effective governance and oversight[165]. - The Compensation Committee evaluated the performance of directors and senior management and reviewed the compensation policy for 2022[171]. - As of December 31, 2022, there were 2 senior management members with a salary range of HKD 1,000–1,500 thousand[171]. - The Nomination Committee reviewed the board's structure and diversity policy, ensuring fair and transparent nomination processes[173]. - The Risk Management Committee assessed the effectiveness of the group's risk management system, which was deemed effective and sufficient[178]. - The company adopted a new set of articles to comply with current listing rules, replacing the previous memorandum and articles of association[181]. - The board is responsible for preparing financial statements that fairly reflect the group's financial position and performance[182]. - The company’s external auditor, KPMG, is responsible for the financial statements as stated in the independent auditor's report section of the annual report[183]. - The total fees paid for audit and non-audit services to external auditors amounted to RMB 3,356,000, with RMB 3,230,000 for audit-related services and RMB 126,000 for non-audit services[184]. - The internal audit department reported no significant issues in the internal control system, although there is room for improvement, and all recommendations will be followed up in a timely manner[187]. - The board of directors believes that the internal control and risk management systems are effective and sufficient, having reviewed them at least once a year[186]. - The company has adopted a dividend policy that considers various factors, including actual and expected financial performance, cash flow, and financial condition, before declaring dividends[193]. - The company aims to maintain effective communication with shareholders and stakeholders through various channels, ensuring timely access to important information[191]. Environmental, Social, and Governance (ESG) - The group emphasizes the importance of ESG (Environmental, Social, and Governance) issues and aims to be a leading corporate citizen in China[200]. - The board of directors serves as the highest decision-making body for ESG management, guiding the group's sustainable development direction[200]. - The group has established an ESG working group involving multiple departments to enhance the ESG governance structure[200]. - The annual ESG report is reviewed by the board, ensuring transparency and accountability in ESG performance[200]. - The group identifies and prioritizes ESG issues through stakeholder communication and assessments[200]. - The environmental, social, and governance (ESG) report is the seventh issued by the company, highlighting its efforts and contributions in these areas[194]. - The reporting period for the ESG report covers January 1, 2022, to December 31, 2022[197]. - The company has established a policy for shareholders to convene special meetings upon request from shareholders holding at least 10% of the paid-up capital[188]. - The internal control and risk management systems are designed to provide reasonable assurance against material misstatements or losses[186]. - The company will seek professional advice when necessary to ensure compliance with listing rules and regulations regarding the disclosure of inside information[186]. - The group has obtained ISO14001 environmental management system certification from the China Quality Certification Center, demonstrating its commitment to energy-saving and environmentally friendly products[141]. - As of December 31, 2022, the group has not violated any relevant environmental regulations that significantly impacted its development, performance, or business[143].

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佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Technovator TECHNOVATOR INTERNATIONAL LIMITED * 同 方 泰 德 國 際 科 技 有 限 公 司 （於新加坡註冊成立之有限公司） 1206 （股份代號： ） 二 零 二 二 年 年 度 業 績 公 佈 年度業績 同方泰德國際科技有限公司（「本公司」或「同方泰德」）董事會（「董事會」）欣然公 佈本公司及其附屬公司（「本集團」）於截至二零二二年十二月三十一日止年度的 綜合業績，連同截至二零二一年十二月三十一日止年度的比較數字，該等資料 摘錄自本集團經審核綜合財務報表。該等業績已經本公司審核委員會審閱，而 審核委員會由三名獨立非執行董事組成。 ...

Financial Performance - The company reported a revenue of approximately RMB 625.1 million for the first half of 2022, representing a year-on-year decline of 9.3%[13] - Net profit for the same period was approximately RMB 9.7 million, down 40.2% year-on-year due to intensified industry competition and reduced project margins[13] - The gross profit decreased by 29.9% to approximately RMB 108.3 million, with a gross margin of 17.3%, down 5.1 percentage points year-on-year[32] - Profit for the period decreased by 40.1% from approximately RMB 16.2 million in the first half of 2021 to approximately RMB 9.7 million in the first half of 2022, with a net profit margin decline of 0.8 percentage points to approximately 1.6%[39] - Basic and diluted earnings per share fell by 32.3% to RMB 0.0149 from RMB 0.0220 in the first half of 2021[39] - Total comprehensive income for the period was RMB 12,211 thousand, compared to RMB 15,538 thousand in the previous year, reflecting a decline of 21.5%[72] - The reported profit for the first half of 2022 was RMB 75,280,000, down from RMB 82,455,000 in the first half of 2021, representing a decline of 8.5%[100] Segment Performance - The smart transportation segment faced a significant decrease in new project signings, impacting executable project numbers and overall revenue[14] - The smart transportation segment generated revenue of approximately RMB 114.3 million, down 56.3% from RMB 261.8 million in the same period last year[26] - The smart building and park segment saw a year-on-year revenue increase, driven by participation in key national projects, although profit margins declined due to rising labor costs[15] - The smart building and park segment saw a significant revenue increase of 20.3%, reaching approximately RMB 360.5 million, up from RMB 299.6 million year-on-year[29] - The smart energy segment achieved revenue of approximately RMB 150.3 million, representing a growth of 17.5% compared to RMB 127.8 million in the previous year[30] Cost Management - Sales and distribution expenses were approximately RMB 44.3 million, a decrease of 21.7% compared to RMB 56.5 million in the same period last year[36] - Administrative and other operating expenses decreased by 13.4% to approximately RMB 63.5 million from RMB 73.3 million year-on-year[37] - Employee costs decreased from approximately RMB 113.3 million in the first half of 2021 to approximately RMB 91.6 million in the first half of 2022, with the number of employees reducing from 833 to 789[48] - Financial costs reduced by 35.1% from approximately RMB 3.7 million in the first half of 2021 to approximately RMB 2.4 million in the first half of 2022[38] Investments and Development - The company continues to invest in technology research and development to leverage opportunities in the "new infrastructure" wave, focusing on smart stations and transportation hubs[14] - The company aims to enhance profitability by integrating more technology and engineering solutions in its projects moving forward[18] - The company aims to leverage its core technology and products to empower future development in green smart cities[20] - The company plans to continue expanding its smart energy management solutions and services in the upcoming quarters[94] Assets and Liabilities - Inventory increased by 13.1% from approximately RMB 983.0 million on December 31, 2021, to approximately RMB 1,112.2 million on June 30, 2022[42] - Trade and other receivables rose by 4.6% from approximately RMB 1,456.4 million on December 31, 2021, to approximately RMB 1,523.5 million on June 30, 2022[43] - Cash and cash equivalents amounted to approximately RMB 183.5 million as of June 30, 2022, representing 6.2% of the group's net assets[44] - Trade and other payables amounted to RMB 1,567,903,000 as of June 30, 2022, slightly down from RMB 1,577,167,000 as of December 31, 2021[119] Market Conditions and Future Outlook - The overall operations and project implementation of the group have largely resumed due to the improving COVID-19 control situation in China[131] - The group has been closely monitoring the impact of COVID-19 and has implemented various response measures to mitigate uncertainties[131] - As of the financial statement publication date, the board is not aware of any significant adverse impact on the financial statements due to the COVID-19 outbreak[131] - The group will continue to review its response measures in light of the ongoing developments related to COVID-19[131]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[1]. - The total revenue for the year 2021 was RMB 1,619,065,000, a decrease from RMB 1,736,664,000 in 2020, representing a decline of approximately 6.8%[18]. - The gross profit for 2021 was RMB 317,489,000, with a gross margin of 19.6%, compared to RMB 362,654,000 and a gross margin of 20.9% in 2020[18]. - The net profit attributable to shareholders for 2021 was RMB 45,307,000, down from RMB 130,601,000 in 2020, reflecting a decrease of approximately 65.3%[18]. - The company achieved a total revenue of approximately RMB 1,619.1 million in 2021, representing a year-on-year decline of 6.8%[31]. - Net profit for the year was approximately RMB 45.6 million, down 65.6% year-on-year due to rising raw material costs and increased labor expenses[31]. - Gross profit decreased by 12.4% to approximately RMB 317.5 million in 2021, with a gross margin of about 19.6%, down from 20.9% in 2020[41]. - The net profit for the year was approximately RMB 45.6 million, a significant decrease of about 65.6% from RMB 132.5 million in 2020, resulting in a net profit margin of 2.8%[50]. User Growth and Market Expansion - User data showed an increase in active users, reaching Z million, which is a growth of A% year-over-year[2]. - The company is expanding its market presence in Southeast Asia, targeting a market share increase of E% by the end of the next fiscal year[5]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[68]. - Market expansion plans include entering three new international markets by the end of 2023, aiming for a 10% market share in each[68]. Product Development and Innovation - New product launches are anticipated to contribute an additional D million in revenue, with a focus on innovative energy-saving technologies[4]. - The company launched the "Kunlun" urban-level operating system and successfully developed key equipment such as the Techcon Neosys IoT controller, enhancing its competitive advantage in smart infrastructure[13]. - The company is focusing on technology innovation around "smart + energy-saving," leveraging IoT, AI, cloud computing, big data, and 5G technologies[13]. - The company is investing G million in R&D for new technologies aimed at improving energy efficiency and sustainability[7]. - New product lines are expected to contribute an additional $30 million in revenue within the first year of launch[68]. Strategic Partnerships and Acquisitions - A strategic partnership has been established with a leading tech firm to enhance service offerings, projected to increase customer engagement by H%[8]. - The company is considering strategic acquisitions to enhance its product portfolio, targeting companies with complementary technologies[68]. - Recent acquisitions are expected to enhance operational capabilities, with an estimated contribution of F million to the overall revenue[6]. Cost Management and Operational Efficiency - The company has implemented cost-saving measures that are expected to reduce operational expenses by I% over the next year[9]. - The company reported a cost-to-revenue ratio of 80.4% in 2021, an increase from 79.1% in 2020, indicating rising costs relative to revenue[18]. - Selling and distribution expenses increased by approximately 15.0% to RMB 103.5 million, accounting for 6.4% of revenue in 2021, compared to 5.2% in 2020[45]. Sustainability and Corporate Governance - The management team emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[68]. - The company has obtained ISO14001 environmental management system certification from the China Quality Certification Center, indicating its commitment to energy-saving and environmentally friendly products[161]. - The company has complied with all provisions of the corporate governance code as of December 31, 2021, except for a deviation regarding the frequency of board meetings[166]. - The company has maintained high standards of corporate governance, which is deemed essential for enhancing overall performance and accountability[166]. Employee and Board Structure - The total employee cost increased from approximately RMB 192.7 million in 2020 to approximately RMB 224.0 million in 2021, with the number of employees decreasing from 863 to 812[60]. - The board consists of seven male members and one female member, with ages ranging from 36 to 63[179]. - The gender ratio among all employees, including senior management, is 1.9:1, indicating a focus on gender diversity[180]. - The company aims to maintain at least one female director on the board, based on the value and contribution of selected candidates[180]. Financial Agreements and Transactions - The group has established a sales agreement with Tongfang Beijing for the sale of energy-saving products, effective from January 1, 2020, to December 31, 2022[123]. - The procurement agreement established in 2019 allows for a three-year period from January 1, 2020, to December 31, 2022, with annual procurement limits of RMB 200 million, RMB 250 million, and RMB 300 million for the years 2020, 2021, and 2022 respectively[126]. - The group has established business arrangements with Tongfang for smart rail transit, construction, and urban heating network businesses, which include project responsibilities and revenue sharing[133].