中國首控集團有限公司 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。 CHINA FIRST CAPITAL GROUP LIMITED 中國首控集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1269） 董事會會議通知 中 國 首 控 集 團 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 公 佈，本 公 司 將 於 二 零 二 五 年 八 月 二 十 六 日（星 期 二）舉 行 董 事 會 會 議，藉 此 處 理（其 中 包 括） (i)考慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月之中 期 業 績 及 其 發 佈；及(ii)考 慮 建 議 派 付 中 期 股 息（如 有）。 承董事會命 公司秘書 陳國基 香 港，二 零 二 五 年 八 月 八 日 於 本 公 告 日 期，執 行 董 事 為Wilson Sea博 ...

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 FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 中國首控集團有限公司 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) | 01269 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000, ...

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。 茲 提 述 中 國 首 控 集 團 有 限 公 司（「本公司」）截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度（「二零二四財政年度」）之 年 報（「年 報」），本 公 司 核 數 師 並 無 就 本 集 團 在 二 零 二 四 財 政 年 度 的 綜 合 財 務 報 表 有 關 持 續 經 營 發 表 意 見（「不發表意見」）。本 公 告 乃 本 公 司 為 提 供 有 關 解 決 不 發 表 意 見 而 採 取 行 動 的 最 新 情 況 而 作 出。除 非 文 義 另 有 所 指，本 公 告 所 用 詞 彙 與 年 報 所 界 定 者 具 有 相 同 涵 義。 自 年 報 日 期 起 及 直 至 本 公 告 日 期，本 集 團 已 實 施 以 下 計 劃 及 措 施 改 善 其 流 動 性 及 財 務 狀 況： CHINA ...

Core Viewpoint - The major asset restructuring plan of Huada Jiutian has been terminated due to a lack of consensus on key transaction terms among parties involved [2][4]. Group 1: Termination of Restructuring - Huada Jiutian announced the termination of its plan to acquire 100% of Chip and Semiconductor Technology (Shanghai) Co., Ltd. and raise supporting funds [2][4]. - The decision to terminate was made after thorough communication and friendly negotiations with relevant parties, and it is stated that this will not adversely affect the company's current operations and strategic development [4]. Group 2: Financial and Operational Context - The company committed to not planning any major asset restructuring for one month following the termination [4]. - The acquisition plan was first announced on March 17, with a transaction proposal released on March 30, aiming to purchase the entire equity of Chip and Semiconductor from 35 shareholders [4]. - Chip and Semiconductor had initiated an IPO counseling process earlier this year, with CITIC Securities as the counseling agency, but the progress has not been updated since April [4][5]. Group 3: Business and Market Implications - Chip and Semiconductor specializes in Electronic Design Automation (EDA) tools, providing comprehensive solutions from chip design to cloud systems, and has applications in various fields including 5G and AI [5]. - Financial projections for Chip and Semiconductor indicate revenues of 106 million yuan and 265 million yuan for 2023 and 2024, respectively, with net profits of -89.93 million yuan and 48.13 million yuan for the same years [5]. - Despite the termination of this acquisition, Huada Jiutian remains committed to mergers and acquisitions as a strategy for growth in the EDA sector, planning to combine self-development, cooperative development, and mergers to enhance its capabilities [6].

Business Strategy and Development - The company reported a diversified development strategy focusing on financial services, education management, and automotive parts, driving sustainable growth in 2024[8]. - The company is actively exploring new business areas and development opportunities while negotiating with creditors for potential debt restructuring[9]. - The company is committed to innovation and exploring new business fields while advancing existing operations[9]. - The company aims to strengthen its market presence by developing both domestic and international markets for its automotive parts[9]. - The group plans to leverage its existing brand and technological advantages to strengthen core technology research and quality management systems in the automotive sector[20]. - The group is actively exploring international course localization and enhancing study abroad consulting services, with campuses located in major cities across China[16]. - The group aims to create a new international education service platform, enhancing teaching quality and integrating student development with academic planning[19]. - The group has a diversified development strategy aimed at providing a variety of products and services to its clients[76]. Financial Services - The financial services segment has obtained multiple licenses, allowing the company to provide a range of services including securities trading, asset management, and IPO sponsorship[13]. - The company emphasizes resource integration within the financial industry to offer specialized services, contributing to stable and sustainable development[8]. - The financial services business is positioned to support various entities with tailored and differentiated services, enhancing its competitive edge in the market[12]. - The financial services business is expected to benefit from Hong Kong's position as an international financial center, enhancing collaboration across various financial service units[18]. - The group emphasizes a differentiated and specialized development path in financial services, aiming to provide customized professional financial services[18]. Automotive Parts Business - The automotive parts business aims to enhance new product development and technology commercialization, capitalizing on trends in new energy vehicles and automotive exports[9]. - In 2024, China's automobile production and sales reached approximately 31.28 million and 31.44 million units, representing year-on-year growth of about 3.7% and 4.5% respectively[17]. - New energy vehicles accounted for approximately 40.9% of total automobile sales, with production and sales of about 12.89 million units each in 2024[17]. - The group's automotive parts business aims to enhance customer satisfaction and product quality while expanding into new markets, focusing on a vision of "where there are cars, there are dampers"[17]. - The automotive parts business revenue rose by approximately 20.3% to about RMB 2,097.4 million, while financial services revenue decreased by approximately 10.8% to about RMB 31.5 million[22]. Financial Performance - The group's total revenue increased by approximately 19.3% to about RMB 2,187.2 million for the year ended December 31, 2024, compared to approximately RMB 1,833.7 million for the previous year[22]. - Total sales and service costs increased by approximately 28.8% to about RMB 1,844.6 million, primarily due to increased procurement in the automotive parts business[23]. - The group's gross profit decreased by approximately 14.6% to about RMB 342.6 million, with the automotive parts gross profit declining by approximately 16.1% to about RMB 297.6 million[24]. - The overall gross margin fell by approximately 6.2 percentage points to about 15.7%, with the automotive parts gross margin decreasing by approximately 6.1 percentage points to about 14.2%[25]. - The group recorded a net loss of approximately RMB 470.9 million, an increase of approximately 28.7% compared to a loss of RMB 366.0 million in the previous year, primarily due to declining gross margins and increased financing costs[34]. Debt and Financial Condition - The company plans to optimize its debt structure and financial condition through discussions with creditors[9]. - Total borrowings increased by approximately 21.2% to about RMB 2,047.2 million, with short-term borrowings rising by approximately 42.6% to about RMB 1,865.3 million[37]. - The debt ratio increased to approximately 78.1% from 71.5% in the previous year, indicating a higher level of leverage[39]. - The company has engaged restructuring advisors to assist in developing a restructuring plan and is negotiating with creditors for feasible restructuring options[192]. - The company is exploring options for extending repayment dates and/or launching debt capitalization plans with convertible bondholders[192]. Management and Governance - Mr. Zhang Li was appointed as Executive Director and Co-Chairman on July 12, 2023, and resigned on May 22, 2024, focusing on new business management and development[55]. - Mr. Zhao Zhijun has been the CEO since May 22, 2011, and will resign as Co-CEO on March 26, 2025, overseeing the automotive parts business[57]. - Dr. Zhu Huanqiang was appointed as Co-CEO on January 30, 2018, and will transition to CEO on March 26, 2025, responsible for overall management and development[59]. - The management team has a strong background in capital markets and corporate governance, enhancing strategic decision-making capabilities[60][63]. - The company has established a clear understanding of the responsibilities of each director, ensuring adequate time and effort is dedicated to board matters[153]. Employee and Compensation - The total employee compensation and benefits expense for the year ended December 31, 2024, was approximately RMB 266.5 million, up from RMB 205.5 million in 2023, reflecting an increase in workforce to 2,454 employees from 1,938[48]. - Contributions to the retirement plan for the fiscal year 2024 amounted to approximately RMB 26.9 million, compared to RMB 23.7 million in 2023[133]. Compliance and Legal Matters - The company has complied with relevant laws and regulations without any significant violations during the fiscal year 2024[136]. - The company has no significant legal disputes or arbitrations pending as of the fiscal year 2024[137]. - A legal claim was filed against the company for HKD 12,250,000, including interest and legal fees[138]. Corporate Governance - The company has adhered to the corporate governance code as per the listing rules for the fiscal year 2024, ensuring compliance and continuous review of governance practices[147]. - The board of directors is responsible for the overall management of the group, focusing on strategy, management, and financial goals, while ensuring alignment with corporate culture[148]. - The board consists of various committees, including the Audit Committee, Nomination Committee, and Remuneration Committee, with independent non-executive directors playing significant roles[155]. - The company has implemented policies to monitor compliance with legal and regulatory requirements[158]. Risk Management - The company has established a risk management and internal control framework, which includes the board, audit committee, and risk management committee[178]. - The board conducts an annual review of the effectiveness of the risk management and internal control systems, covering financial, operational, and compliance monitoring[180]. - The company has implemented a risk management policy to effectively identify, assess, and manage significant risks[178]. Future Outlook - The company plans to divest non-core and non-operational assets within the expected timeframe to alleviate liquidity pressure[192]. - The company aims to enhance operational efficiency and implement cost control measures to generate sufficient cash inflows[200].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 2,187.2 million, an increase of 19.3% compared to RMB 1,833.7 million in 2023[2] - The net loss attributable to the company's owners for the year was RMB (393.2) million, representing a 13.2% increase from RMB (347.2) million in the previous year[2] - Basic loss per share for 2024 was RMB (0.21), up 10.5% from RMB (0.19) in 2023[2] - The company reported a gross profit of RMB 342.6 million, down from RMB 401.1 million in 2023[4] - The total comprehensive loss for the year amounted to RMB (485.7) million, compared to RMB (396.9) million in 2023[5] - The group recorded a loss of approximately RMB 470.9 million for the year ending December 31, 2024, an increase of about 28.7% from a loss of RMB 366.0 million in the previous year[65] Assets and Liabilities - Total assets increased to RMB 3,087.7 million, a 10.0% rise from RMB 2,807.3 million in 2023[2] - The equity deficit attributable to the company's owners rose to RMB (1,877.4) million, a 27.8% increase from RMB (1,469.3) million in the prior year[2] - The company's total liabilities increased, contributing to a net debt per share of RMB (1.02), up 27.5% from RMB (0.80) in 2023[2] - Total liabilities increased to RMB 4,991,242 thousand in 2024 from RMB 4,225,123 thousand in 2023, representing a growth of 18.2%[7] - Current liabilities rose to RMB 4,754,145 thousand in 2024, up from RMB 3,770,345 thousand in 2023, indicating a significant increase of 26.1%[7] - The company's current liabilities exceeded its current assets by approximately RMB 2,479 million in 2024, compared to RMB 1,810 million in 2023, indicating a worsening liquidity position[11] Cash Flow and Financing - The company has taken measures to alleviate cash flow pressure and improve financial conditions, including reviewing cash flow forecasts for at least the next 12 months[13] - The company is actively seeking new investors to improve cash flow by introducing capital and profitable business opportunities[14] - The company is looking for additional financing sources to enhance its financial position and support operations[14] - The company has approximately RMB 1,085 million in convertible bonds that are overdue and unpaid, actively negotiating with bondholders to extend repayment dates and implement debt capitalisation plans[14] - The company is in discussions with lenders regarding approximately RMB 1,865 million in overdue loans, seeking to renew, extend repayment dates, and/or implement debt capitalisation plans[14] Operational Performance - The company reported a net operating loss of RMB 218,980 thousand in 2024, compared to a loss of RMB 116,111 thousand in 2023, indicating a deterioration in operational performance[22] - The automotive parts business revenue increased to RMB 2,097,369 thousand in 2024 from RMB 1,743,164 thousand in 2023, representing a growth of 20.3%[22] - The financial services segment revenue decreased to RMB 31,496 thousand in 2024 from RMB 35,299 thousand in 2023, a decline of 10.1%[22] - The education management and consulting business revenue increased by approximately 5.4% from about RMB 55.3 million in 2023 to approximately RMB 58.3 million in 2024[53] Employee and Compensation - As of December 31, 2024, the group had 2,454 employees, an increase from 1,938 employees as of December 31, 2023[79] - Total compensation and benefits expenses for the year amounted to approximately RMB 266.5 million, up from RMB 205.5 million in 2023, reflecting a significant increase in employee costs[79] Governance and Compliance - The company has adhered to corporate governance codes to enhance its governance standards, with no significant changes reported since the previous year[83] - The audit committee consists of three independent non-executive directors and has reviewed the consolidated financial statements for the year ending December 31, 2024[103] Future Outlook and Plans - The company is exploring new capital injections from new investors as part of its restructuring efforts[102] - The company has taken several measures to alleviate liquidity pressure and improve financial conditions, including enhancing operational efficiency and implementing cost control measures[100] - The board believes that the group will have sufficient operating funds to meet its financial obligations due within the next 12 months, starting from December 31, 2024[101]

Business Strategy - The company adheres to a diversified development strategy, focusing on three main business areas: financial services, education management and consulting, and automotive parts[4]. - The company has a commitment to a diversified development strategy to provide a variety of products and services to its clients[90]. - The company plans to explore new business areas and development opportunities while advancing existing operations in the coming year[9]. Financial Services - The financial services segment has obtained multiple licenses, allowing it to provide a range of services including securities trading, underwriting, and asset management[12]. - The financial services business is positioned to offer specialized and differentiated services to various entities, enhancing its competitive edge[12]. - The company plans to leverage its diversified financial service licenses and robust financial service system to enhance collaboration across investment banking, securities, asset management, and research units[23]. - The company aims to innovate business models and explore new business opportunities in the financial services sector to drive steady growth[23]. - The company is focused on enhancing product variety and customization in its financial services to meet client needs[23]. - The financial services segment offers a range of services including IPO sponsorship, underwriting, and private equity fund management[90]. Education Management - The education management business aims to enhance the quality of international education services by integrating Eastern and Western educational philosophies[9]. - The company continues to optimize its teaching quality and management efficiency through the development of a digital platform for educational management[17]. - The company is committed to improving student outcomes by enhancing course structures and providing comprehensive study abroad consulting services[17]. - The company is committed to providing international education programs and consulting services, enhancing its service portfolio[90]. Automotive Parts - The automotive parts division focuses on developing new products and technologies, particularly in the context of the growing trend of new energy vehicles[9]. - The company is committed to expanding its market presence both domestically and internationally in the automotive sector[9]. - The automotive parts business specializes in the research, development, manufacturing, and sales of automotive shock absorbers[90]. - The company emphasizes the importance of quality and management in its automotive parts operations to maintain brand and technical advantages[9]. - The automotive parts business revenue rose by approximately 54.7% to about RMB 1,743.2 million, up from approximately RMB 1,127.0 million in the previous fiscal year[28]. - The gross profit for the group increased by approximately 98.5% to about RMB 401.1 million, compared to approximately RMB 202.1 million in fiscal year 2022[31]. - The automotive parts business's cost of sales increased by approximately 44.7% to about RMB 1,388.6 million, up from approximately RMB 959.5 million in the previous fiscal year[29]. - The company received the "Outstanding Innovation Award" from SAIC Group in March 2023 for its contributions to the automotive parts sector[20]. - The company successfully passed multiple evaluations by Stellantis Group and received project designation for the CMPSouth platform in July 2023[20]. Financial Performance - In the fiscal year 2023, the overall revenue of the group increased by approximately 52.8% to about RMB 1,833.7 million, compared to approximately RMB 1,199.9 million in fiscal year 2022[28]. - The gross margin improved by approximately 5.1 percentage points to about 21.9%, up from approximately 16.8% in the previous fiscal year[32]. - Research and development expenses increased by approximately 61.7% to about RMB 104.3 million, compared to approximately RMB 64.5 million in fiscal year 2022[38]. - The group recorded other income of approximately RMB 64.9 million, an increase of about RMB 18.9 million from approximately RMB 46.0 million in the previous fiscal year, primarily from government subsidies[33]. - The expected credit loss provision increased significantly by approximately RMB 231.3 million to about RMB 247.5 million, compared to approximately RMB 16.2 million in fiscal year 2022[35]. - The group recorded a loss of approximately RMB 366.0 million for the fiscal year 2023, a decrease of about 12.8% compared to a loss of RMB 419.6 million in fiscal year 2022[42]. - Basic and diluted loss per share for fiscal year 2023 was approximately RMB 0.19, compared to RMB 0.28 in fiscal year 2022[43]. Debt and Liabilities - In 2023, the company actively engaged in debt restructuring discussions to optimize its debt structure and financial condition[8]. - The company is actively exploring debt restructuring options to optimize its debt structure and financial condition, having entered into repayment agreements with ten creditors[21]. - As of December 31, 2023, the group's net current liabilities increased by approximately 40.1% to RMB 1,809.7 million from RMB 1,291.5 million as of December 31, 2022[44]. - The total borrowings of the group as of December 31, 2023, amounted to approximately RMB 1,689.2 million, an increase of about 18.9% from RMB 1,421.3 million as of December 31, 2022[47]. - The group's debt ratio increased to approximately 71.5% as of December 31, 2023, compared to 68.0% as of December 31, 2022, primarily due to the increase in borrowings[48]. - Trade receivables increased by approximately 54.9% to RMB 693.2 million as of December 31, 2023, from RMB 447.5 million as of December 31, 2022, mainly due to increased sales in the automotive parts business[49]. Corporate Governance - The company is committed to promoting good corporate governance practices to safeguard shareholder interests and optimize group performance[171]. - The board has complied with the corporate governance code throughout the fiscal year 2023, ensuring adherence to standards and conducting annual reviews[172]. - The board is responsible for the overall management of the group, setting strategies and financial goals while ensuring alignment with the company culture[173]. - The company has appointed at least three independent non-executive directors, meeting the requirements of the listing rules[175]. - The board consists of both executive and independent non-executive directors, ensuring a balanced governance structure[182]. - The company has adopted the standard code of conduct for securities transactions by directors and employees, ensuring compliance throughout the fiscal year 2023[180]. - The audit committee, composed of three independent non-executive directors, reviewed the audited consolidated financial statements for the fiscal year 2023 and had no objections to the accounting policies adopted by the company[165]. Employee and Compensation - The total employee count as of December 31, 2023, was 1,938, an increase from 1,752 employees as of December 31, 2022[155]. - Total compensation and benefits expenses for the fiscal year 2023 amounted to approximately RMB 221.3 million, compared to RMB 180.3 million in 2022, reflecting an increase of about 22.8%[155]. - Contributions to the retirement plan for the fiscal year 2023 totaled approximately RMB 23.7 million, up from RMB 17.5 million in 2022, indicating a growth of approximately 35.4%[157]. Shareholder Information - The company did not recommend the payment of a final dividend for the fiscal year 2023, consistent with no dividend in 2022[98]. - The company's distributable reserves were zero as of December 31, 2023, due to cumulative losses exceeding share premium[107]. - The total number of shares that may be issued under the 2021 share option plan is 100,537,840, representing approximately 5.44% of the total issued shares as of the report date[116]. - The company maintains a sufficient public float, with over 25% of the total issued shares held by the public as of the last practicable date[127]. Risk Management - The company faces interest rate risk due to variable interest rates on bank deposits and borrowings, with no current hedging strategies in place[57]. - The company is exposed to foreign exchange risk as its financial statements are presented in RMB, with certain assets and liabilities denominated in other currencies, and currently has no hedging strategies for this risk[58]. Miscellaneous - The group made charitable donations totaling RMB 224,000 in the fiscal year 2023, a decrease from RMB 320,000 in 2022[103]. - The group did not purchase, sell, or redeem any of its listed securities during the fiscal year 2023[108]. - The company has not engaged in any arrangements that would allow directors to benefit from purchasing shares or bonds of the company during the fiscal year 2023[148].

Financial Performance - Revenue for the year ended December 31, 2023, increased by 52.8% to RMB 1,833.7 million from RMB 1,199.9 million in 2022[1] - Loss attributable to owners of the company for the year was RMB (347.2) million, a decrease of 17.5% compared to RMB (420.7) million in 2022[1] - Basic loss per share improved to RMB (0.19) in 2023 from RMB (0.28) in 2022, representing a 32.1% increase[1] - Gross profit for the year was RMB 401.1 million, compared to RMB 202.1 million in 2022[4] - The group reported a total financing cost of RMB 161,070 thousand in 2023, compared to RMB 198,278 thousand in 2022[30] - The group recorded a loss of approximately RMB 366.0 million for the year ending December 31, 2023, a decrease of about 12.8% from a loss of approximately RMB 419.6 million for the year ending December 31, 2022[98] Assets and Liabilities - Total assets as of December 31, 2023, increased by 2.0% to RMB 2,807.3 million from RMB 2,751.2 million in 2022[1] - Total liabilities increased to RMB 4,225.1 million from RMB 3,778.1 million in 2022, indicating a rise in financial obligations[12] - The group has approximately RMB 1,308 million in overdue loans, with discussions ongoing to renew and extend repayment terms[19] - The group recorded a loss attributable to the company of approximately RMB 959 million as of December 31, 2023, indicating significant uncertainty regarding the group's ability to continue as a going concern[17] - The group’s current liabilities exceeded its current assets by approximately RMB 1,810 million as of December 31, 2023[165] Cash Flow and Financing - The group is actively seeking additional financing sources, including bank loans and equity placements, to improve cash flow[19] - The management has reviewed cash flow forecasts covering at least 12 months from December 31, 2023, and believes the group will have sufficient working capital to meet its financial obligations[19] - The company is actively seeking new capital and profitable business opportunities to improve its cash flow situation[135] - The effectiveness of the company's measures to improve cash flow and financial condition is uncertain, which may impact its ability to continue as a going concern[168] Operational Efficiency - Operating loss decreased to RMB (116.1) million from RMB (224.1) million in the previous year, reflecting improved operational efficiency[4] - The group is focused on improving operational efficiency and implementing cost control measures to enhance cash flow[21] - The group aims to enhance customer satisfaction by focusing on quality and strengthening core technology development and quality management systems[82] Segment Performance - Automotive parts business revenue increased to RMB 1,743,164 thousand in 2023 from RMB 1,127,031 thousand in 2022, representing a growth of 54.7%[30] - Financial services business revenue surged to RMB 35,299 thousand in 2023, up from RMB 21,946 thousand in 2022, marking a growth of 60.5%[30] - Education management and consulting business revenue rose to RMB 55,257 thousand in 2023, compared to RMB 50,935 thousand in 2022, an increase of 8.5%[30] Employee and Payroll - The total payroll and benefits expenses for the year ended December 31, 2023, amounted to approximately RMB 221.3 million, an increase from RMB 180.3 million in 2022[118] - As of December 31, 2023, the group had 1,938 employees, an increase from 1,752 employees in 2022[118] Debt and Legal Matters - The group is negotiating with convertible bondholders to extend repayment dates and implement a debt capitalization plan[20] - A bondholder has filed a winding-up petition against the company in the High Court of the Hong Kong Special Administrative Region, related to approximately HKD 13 million (equivalent to approximately RMB 11 million) of unpaid principal and accrued interest[165] - The auditor's report indicated significant uncertainties regarding the group's ability to continue as a going concern[166] Strategic Initiatives - The company has maintained a diversified development strategy, focusing on financial services, education management, and automotive parts, which supports its long-term growth objectives[63] - The group is exploring potential buyers for non-core and non-operating assets to enhance liquidity[19] - The group is in discussions with potential investors to introduce new capital and improve cash flow through profitable business opportunities[19]

Financial Position - As of June 30, 2023, the total amount of trade payables was RMB 647,083,000, an increase from RMB 613,048,000 as of December 31, 2022, representing a growth of 5.4%[25] - Loan receivables as of June 30, 2023, amounted to RMB 4,610,000, up from RMB 4,467,000 as of December 31, 2022, reflecting a growth of 3.2%[7] - Interest receivables increased to RMB 2,189,000 as of June 30, 2023, from RMB 1,985,000 as of December 31, 2022, marking a rise of 10.3%[7] - The total financial assets measured at fair value through profit or loss (FVTPL) decreased to RMB 262,137,000 as of June 30, 2023, from RMB 293,878,000 as of December 31, 2022, indicating a decline of 10.5%[18] - The Group's total amounts shown under current liabilities were RMB 1,352,156,000 as of June 30, 2023, compared to RMB 1,289,620,000 as of December 31, 2022, indicating a growth of 4.9%[25] - As of June 30, 2023, total borrowings amounted to RMB 1,487,510,000, an increase from RMB 1,421,257,000 as of December 31, 2022, representing a growth of approximately 4.65%[40] - The Group's net current liabilities amounted to approximately RMB 1,407.6 million, representing an increase of approximately 9.0% compared to approximately RMB 1,291.5 million as of December 31, 2022[179] - The Group's cash and bank balances decreased by approximately 35.2% to approximately RMB 104.6 million from approximately RMB 161.4 million as of December 31, 2022[179] Trade and Receivables - The aging analysis of trade payables shows that RMB 416,050,000 (64.3%) were due within 0 to 90 days as of June 30, 2023, compared to RMB 380,936,000 (62.1%) as of December 31, 2022[29] - The total amount of trade and other payables as of June 30, 2023, was RMB 430,391,000, a slight decrease from RMB 448,886,000 as of December 31, 2022[40] - The aged analysis of trade receivables as of June 30, 2023, showed that 0 to 90 days receivables amounted to RMB 425,178,000, compared to RMB 408,045,000 as of December 31, 2022, indicating an increase of approximately 4.3%[77] - The company reported trade receivables over 365 days at RMB 15,987,000 as of June 30, 2023, compared to RMB 13,334,000 as of December 31, 2022, reflecting an increase of approximately 20%[77] - The company has adopted a simplified approach for expected credit losses for trade receivables, with a credit term of 90 days for goods sales[76] Revenue and Profitability - For the six months ended June 30, 2023, the Group's overall revenue increased by approximately 36.3% to approximately RMB 728.9 million from approximately RMB 534.9 million in the corresponding period of 2022[147] - Revenue from the automotive parts business increased by approximately 36.0% to approximately RMB 683.7 million from approximately RMB 502.8 million in the corresponding period of 2022[147] - Revenue from the financial services business increased by approximately 330.0% to approximately RMB 21.5 million from approximately RMB 5.0 million in the corresponding period of 2022[147] - Revenue from the education management and consultation business decreased by approximately 12.5% to approximately RMB 23.7 million from approximately RMB 27.1 million in the corresponding period of 2022[147] - Gross profit increased by approximately 37.5% to approximately RMB 95.4 million from approximately RMB 69.2 million in the corresponding period of 2022[152] - The gross profit margin for the Group increased by approximately 0.2 percentage points to approximately 13.1% from approximately 12.9% in the corresponding period of 2022[157] Expenses and Losses - The Group's overall cost of sales/services increased by approximately 36.1% to approximately RMB 633.5 million from approximately RMB 465.7 million in the corresponding period of 2022[152] - Selling and distribution expenses increased by approximately 12.1% to approximately RMB 42.7 million from approximately RMB 38.1 million in the corresponding period of 2022[168] - The Group recorded other income of approximately RMB 17.7 million, representing an increase of approximately RMB 4.4 million from approximately RMB 13.3 million in the corresponding period of 2022[161] - The Group's loss for the period decreased by approximately 33.1% to approximately RMB 215.8 million from approximately RMB 322.5 million in the corresponding period of 2022[174] - For the six months ended June 30, 2023, the Group reported a basic and diluted loss per share of approximately RMB 0.11, compared to RMB 0.22 for the same period in 2022, indicating a 50% improvement in loss per share[181] Capital and Investments - As of June 30, 2023, the share capital presented in the condensed consolidated statement of financial position was RMB 155,959,000, an increase from RMB 144,631,000 as of December 31, 2022, representing a growth of approximately 7.5%[66] - The total number of shares issued and fully paid increased from 1,722,660,000 at the end of 2022 to 1,848,000,000 by June 30, 2023, marking a significant increase in equity[72] - The Group's capital expenditures were approximately RMB 14.5 million, a decrease from approximately RMB 18.5 million for the same period in 2022[194] - As at June 30, 2023, the Group's capital commitments to additional properties, plants, and equipment amounted to approximately RMB 25.6 million, down from approximately RMB 28.2 million as of December 31, 2022[194] Business Segments - The Group maintains a diversified development strategy, focusing on financial services, education management, and automotive parts businesses[93] - The financial services business is licensed for type 1 (dealing in securities), type 4 (advising on securities), type 6 (advising on corporate finance), and type 9 (asset management) regulated activities under the SFO[95] - The education management and consultation business offers international high school curriculum and overseas study consultation services[93] - The automotive parts business is primarily engaged in R&D, manufacturing, and sales of automobile absorbers[93] Market Trends and Opportunities - The international education market is expected to grow, providing significant opportunities for the Group's education management and consultation business[131] - Hong Kong's financial market development initiatives are expected to create significant growth opportunities for the Group[127] - The Group aims to innovate business models and explore opportunities in the financial services sector, leveraging its diversified financial service licenses[120] Risk Management - The Group faces interest rate risk due to variable interest rates on restricted bank balances and bank borrowings[198] - The Group plans to regularly review its investment strategies and seek potential investment opportunities to diversify its portfolio and mitigate related risks[191]

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。 CHINA FIRST CAPITAL GROUP LIMITED 中國首控集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1269） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 中國首控集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈本集團截至二零二三年六月三十日止六個月的未經審 核簡明綜合業績。本公告載列本公司截至二零二三年六月三十日止六個月的 中期報告全文，並符合香港聯合交易所有限公司（「聯交所」）證券上市規則（「上 市規則」）有關中期業績初步公告附載資料之相關規定。中期報告的印刷版本 將 寄 發 予 選 擇 以 此 方 式 收 取 的 本 公 司 股 東，並 可 於 適 當 時 候 於 聯 交 所 網 站 www.hkexnews.hk及本公司網站www.cfcg.com.hk以上市 ...