格隆汇8月18日丨盛力达科技(01289.HK)公告，董事会将于2025年8月28日(星期四)举行会议，藉以(其中 包括)省览及批准集团截至2025年6月30日止6个月的未经审核综合中期业绩，以及考虑派发中期股息(如 有)。 ...

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。 主席 張德剛 香港，2025年8月18日 於本公告日期，本公司執行董事為張德剛先生、張德強先生及馮麗麗女士；本公司 非執行董事為張靜華女士；而本公司獨立非執行董事為梁耀祖先生、俞建峰先生及 鍾瑞峰先生。 董事會會議通告 無錫盛力達科技股份有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事會 （「董事會」）謹此宣佈，董事會將於2025年8月28日（星期四）舉行會議，藉以（其中包 括）省覽及批准本集團截至2025年6月30日止六個月的未經審核綜合中期業績，以及 考慮派發中期股息（如有）。 承董事會命 無錫盛力達科技股份有限公司 Wuxi Sunlit Science and Technology Company Limited* 無錫盛力達科技股份有限公司 （在中華人民共和國成立的股份有限公司） （股份代號：1289） * 僅供識別 ...

FF301 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: 無錫盛力達科技股份有限公司（在中華人民共和國成立的股份有限公司） 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 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 96,000,000 | RMB | | 1 | RMB | | 96,000,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 96,000,000 | RMB | | 1 | RMB | ...

Financial Performance - For the year ended December 31, 2024, the company's revenue increased by 64.7% to RMB 516.0 million, compared to RMB 313.3 million in 2023[11] - Gross profit for the year was RMB 143.2 million, reflecting a 49.3% increase from RMB 95.9 million in the previous year[11] - Profit attributable to equity shareholders rose by 68.9% to RMB 49.5 million, up from RMB 29.3 million in 2023[11] - Basic and diluted earnings per share increased by 68.8% to RMB 38.7 cents, compared to RMB 22.93 cents in the prior year[11] - The Group's revenue for the year ended 31 December 2024 increased by 65% to RMB516 million, compared to RMB313 million in 2023[20] - Net profit for the year was RMB49.54 million, representing a year-on-year increase of RMB20.18 million from RMB29.35 million in 2023[20] - Earnings per share rose to RMB38.70 cents, up from RMB22.93 cents in 2023[20] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 1,063,564 thousand, a 3.3% increase from RMB 1,029,125 thousand in 2023[12] - Net current assets increased by 15.7% to RMB 537,095 thousand, compared to RMB 464,166 thousand in the previous year[12] - The company achieved a current ratio of 2.5, up from 2.3 in 2023, indicating improved liquidity[13] - Total cash and bank balances increased to approximately RMB424,028,000 as of December 31, 2024, compared to approximately RMB246,375,000 as of December 31, 2023[71] - Inventories decreased by approximately 20.0% from approximately RMB260.3 million at the end of 2023 to approximately RMB208.2 million at the end of 2024[67] - Trade receivables decreased by approximately 12.6% from approximately RMB391.7 million as of December 31, 2023, to approximately RMB342.3 million as of December 31, 2024[62] - As of December 31, 2024, the Group had no borrowings, maintaining a strong net cash position[79] Operational Strategies - The company successfully adjusted its operational strategies in response to external economic conditions and internal challenges, enhancing risk management and cost control[16] - The Group's strategic focus will remain on core business operations while enhancing internal management and cost control measures[31] - The Group aims to enhance its product offerings towards higher-end, intelligent, and green developments through increased R&D investment[98] Research and Development - The Company plans to intensify research and development of new products and technologies to enhance its market position and brand value[26] - Revenue from brass electroplating wire production lines increased by approximately 88.6% to RMB99 million, compared to RMB52.5 million in 2023[39] - Revenue from standalone machines rose by approximately 60.9% to RMB376.1 million, up from RMB233.8 million in 2023[40] - Revenue from other mould repairing equipment, components parts and accessories increased by approximately 10.9% to approximately RMB15.1 million in 2024 from approximately RMB13.6 million in 2023, primarily due to an increase in the number of renovation projects[47] Corporate Governance - The Company is committed to high standards of corporate governance, which is essential for enhancing investor confidence and maximizing shareholder returns[199] - The Board has established four committees: Audit Committee, Remuneration and Assessment Committee, Nomination Committee, and Strategic Committee to oversee various aspects of the Company's affairs[200] - The Group has established a sound internal control system, significantly improving internal work processes and effectively controlling operational risks[193] Employee and Management - As of December 31, 2024, the Group employed a total of 181 full-time employees, a decrease from 197 employees as of December 31, 2023[102] - The total employee remuneration for the year ended December 31, 2024, was approximately RMB28.8 million, compared to approximately RMB27.9 million in 2023, reflecting an increase of about 3.2%[102] - The company has adhered to relevant laws, regulations, and the Hong Kong Stock Exchange listing rules in its operations[184] - The leadership team has a diverse background in finance, technology, and management, which supports the company's strategic objectives[143][144][148] Awards and Recognition - The company was awarded the national title of "Specialized and Innovative Small Giant," highlighting its industry-leading innovation and specialization[17] - The Group received the national-level honorary title of "Specialized and New Small Giant," indicating its leading position in product innovation and technology-driven development[22] Financial Risks - If the USD had strengthened/weakened by 5% against the RMB, the Group's post-tax profits for the year would have been approximately RMB4,350,000 higher/lower[84] - The Group's foreign currency risk is considered to be at an acceptable level during the year[83] - The Group continues to face challenges in the tire market due to global economic fluctuations and trade uncertainties[98]

Financial Performance - Revenue for the year ended December 31, 2024, increased by 64.7% to RMB 516.0 million from RMB 313.3 million in 2023[2] - Gross profit rose by 49.3% to RMB 143.2 million, compared to RMB 95.9 million in the previous year[2] - Profit before tax increased by 66.3% to RMB 56.7 million, up from RMB 34.1 million in 2023[2] - Net profit for the year was RMB 49.5 million, reflecting a 68.9% increase from RMB 29.3 million in 2023[2] - Basic and diluted earnings per share rose by 68.8% to RMB 38.70, compared to RMB 22.93 in the previous year[2] - Total revenue for the year ended December 31, 2024, was RMB 516,019,000, representing a 64.8% increase from RMB 313,265,000 in 2023[15] - Revenue from the sale of electroplated brass wire production lines reached RMB 98,962,000 in 2024, up from RMB 52,472,000 in 2023, a growth of 88.5%[15] - The company generated RMB 468,626,000 in revenue from China, a significant increase of 50.2% compared to RMB 312,100,000 in 2023[15] - Basic earnings per share for 2024 were RMB 38.70, compared to RMB 29.34 in 2023, reflecting a growth of 31.8%[24] - The net profit for the fiscal year ending December 31, 2024, was RMB 49.5 million, up from RMB 29.3 million in 2023, resulting in a net profit margin of approximately 9.6%[53] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 1,063.6 million, an increase from RMB 1,029.1 million in 2023[6] - Total equity increased to RMB 713.0 million from RMB 673.7 million in the previous year[6] - Current liabilities decreased slightly to RMB 350.5 million from RMB 355.4 million in 2023[7] - The company reported a significant increase in contract assets, rising to RMB 49.5 million from RMB 33.5 million in 2023[6] - Trade receivables decreased to RMB 184,835,000 in 2024 from RMB 236,680,000 in 2023, a decline of 22%[27] - The company recorded a decrease in trade payables and notes payable by 9.5% from RMB 193.3 million at the end of 2023 to RMB 175.0 million at the end of 2024, mainly due to reduced procurement volume[51] - The company’s deferred tax liabilities decreased to RMB 10,654,000 in 2024 from RMB 5,646,000 in 2023, indicating a change in tax position[19] Cash Flow and Investments - As of December 31, 2024, the total cash and bank balances of the group amounted to approximately RMB 424,028,000, an increase from RMB 246,375,000 as of December 31, 2023[54] - The current ratio of the group as of December 31, 2024, was 2.53, compared to 2.31 as of December 31, 2023[55] - The group maintained a zero debt-to-equity ratio as of December 31, 2024, indicating a strong net cash position[56] - Capital expenditures for the year were approximately RMB 984,000, significantly lower than RMB 5,200,000 in the previous year, related to the purchase of machinery and equipment[58] - The net proceeds from the IPO amounted to approximately HKD 209,500,000 (equivalent to about RMB 165,300,000) after deducting underwriting commissions and related expenses[61] - As of December 31, 2024, the unutilized balance of the net proceeds from the IPO was approximately HKD 39,127,000[62] Employee and Compensation - The group employed a total of 181 full-time employees as of December 31, 2024, down from 197 employees in the previous year[66] - Total employee compensation for the year was approximately RMB 28,800,000, compared to RMB 27,900,000 in the previous year[66] Dividends and Shareholder Information - The company proposed a final dividend of RMB 0.08 per share for the fiscal year ending December 31, 2024, totaling RMB 10.24 million, pending shareholder approval[34] - The board proposed a final dividend of RMB 0.08 per share, totaling RMB 10,240,000, subject to shareholder approval at the annual general meeting on June 27, 2025[80] - The annual general meeting is scheduled for June 27, 2025, with a suspension of share transfer registration from May 28, 2025, to June 27, 2025[81] Risk Management - The group faced foreign exchange risk due to transactions denominated in currencies other than its functional currency, with a potential impact of RMB 4,350,000 on after-tax profits if the USD appreciated/depreciated by 5% against the RMB[60] - The company had no outstanding forward foreign exchange contracts as of December 31, 2024[18] Future Plans and Strategy - The company plans to continue investing in R&D and enhancing product quality to meet challenges in the tire market amid global economic fluctuations[65] - The company plans to continue implementing a diversified development strategy and actively seek potential investment opportunities in the future[74] - The company has no significant future investment plans beyond those disclosed in the prospectus or this announcement as of December 31, 2024[75] Other Information - The company recorded a foreign exchange gain of RMB 1,440,000 in 2024, up from RMB 1,120,000 in 2023, an increase of 28.6%[18] - Current tax expense for the year was RMB 17,845,000, compared to RMB 10,401,000 in 2023, an increase of 71.5%[19] - The company’s inventory decreased by 20% from RMB 260.3 million at the end of 2023 to RMB 208.2 million at the end of 2024, primarily due to a reduction in unfinished sales contracts[50] - The company’s other income surged by 325% to approximately RMB 10.2 million in 2024, mainly due to an increase in fixed deposits[40] - Selling expenses rose by 71.4% to approximately RMB 4.8 million in 2024, attributed to an increase in sales orders[41] - Financial assets impairment losses increased from RMB 23.9 million in 2023 to RMB 40.7 million in 2024, reflecting heightened credit risk due to economic changes[43] - The company sold eight properties for a total consideration of RMB 2,560,800, recording a gain of RMB 1,169,000 for the year ending December 31, 2024[70] - Two residential units were sold for approximately RMB 400,000, with the remaining unsold units having a book value of approximately RMB 8,440,000, representing about 4.7% of the total assets as of December 31, 2024[72] - As of December 31, 2024, cash deposits of approximately RMB 76,900,000 were pledged to banks as collateral, an increase from RMB 65,100,000 as of December 31, 2023[73] - The audit committee reviewed the accounting principles and financial reporting systems, ensuring compliance with corporate governance codes[84] - There were no major events after the reporting period up to the date of this report[79]

Financial Performance - Revenue for the six months ended June 30, 2024, reached RMB 153,535,000, representing a 189.3% increase compared to RMB 53,076,000 for the same period in 2023[4] - Gross profit for the period was RMB 46,851,000, up 173.0% from RMB 17,161,000 in the previous year[4] - Profit before income tax increased to RMB 36,466,000, a significant rise of 274.5% from RMB 9,736,000 in 2023[4] - Profit for the period attributable to shareholders of the Company was RMB 31,557,000, reflecting a 298.0% increase compared to RMB 7,928,000 in the same period last year[4] - Earnings per share attributable to shareholders for the period was 24.65 RMB cents, up 298.2% from 6.19 RMB cents in 2023[4] - In the first half of 2024, the Group's total revenue increased by approximately 189.3% year-on-year to RMB 153.54 million, while net profit rose by approximately 298.0% to approximately RMB 31.56 million[8] - The overall gross profit margin for the first half of 2024 was approximately 30.5%, down from 32.3% in the same period of 2023[10] - Operating profit increased to RMB 32.4 million for the six months ended June 30, 2024, up from RMB 6.9 million in the prior year, indicating a substantial rise in operational efficiency[34] - Profit attributable to shareholders for the period was RMB 31.6 million, compared to RMB 7.9 million for the same period in 2023, marking an increase of 299.5%[34] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 1,171,877,000, a 13.9% increase from RMB 1,029,125,000 at the end of 2023[4] - Net current assets were reported at RMB 502,053,000, an 8.2% increase from RMB 464,166,000 in the previous year[4] - Total liabilities increased to RMB 476,839,000, marking a 34.2% rise from RMB 355,404,000 in 2023[4] - Current ratio as of June 30, 2024, was 2.1, down from 2.3 at the end of 2023[4] - Trade receivables decreased by 17.1% to RMB 261.5 million as of June 30, 2024, down from RMB 315.5 million as of December 31, 2023, primarily due to the collection of a substantial portion of receivables[15] - The Group's inventories increased by approximately 35.3% to RMB 352.2 million as of June 30, 2024, from RMB 260.3 million as of December 31, 2023, mainly due to an increase in work in progress products[15] - Trade and notes payable amounted to RMB 229.5 million as of June 30, 2024, an increase of 18.7% from RMB 193.3 million as of December 31, 2023, primarily due to increased procurement[15] Cash Flow and Investments - Cash generated from operations for the six months ended June 30, 2024, was RMB 69,752 thousand, significantly higher than RMB 21,630 thousand for the same period in 2023, marking an increase of approximately 222.5%[40] - Net cash flows from operating activities reached RMB 60,635 thousand, compared to RMB 21,010 thousand in the prior year, reflecting a growth of around 188.5%[40] - The net cash flows used in investing activities were RMB 52,300 thousand for the six months ended June 30, 2024, compared to RMB 21,932 thousand in the same period of 2023[40] - The Group's cash and bank balances totaled RMB 355.6 million as of 30 June 2024, an increase from RMB 246.4 million as of 31 December 2023, including cash and cash equivalents of RMB 82.3 million[16] Revenue Sources - Revenue from the sales of standalone machines was RMB 49.2 million, an increase of approximately 35.9% from RMB 36.2 million in the same period of 2023, with 312 sets accepted in 2024 compared to 202 sets in 2023[10] - Revenue from other production lines amounted to RMB 7.0 million, representing an increase of 1,085.9% compared to RMB 0.6 million in the same period last year[10] - Revenue from sales of production lines for brass electroplating wire reached RMB 85,221 thousand, up from RMB 5,929 thousand in 2023, indicating a growth of 1,340%[50] - Revenue from the PRC market accounted for RMB 147,259 thousand, a substantial rise from RMB 52,014 thousand in 2023, marking an increase of 183.5%[51] Expenses and Costs - Administrative expenses increased to RMB 20.7 million, up from RMB 15.7 million in the same period of 2023, primarily due to increased impairment losses on properties held for sale[11] - The Group's expenses for raw materials used were RMB 179,725 thousand, compared to RMB 99,644 thousand in 2023, showing an increase of 80.5%[54] - The total cost of sales, selling expenses, and administrative expenses amounted to RMB 129,050 thousand, significantly higher than RMB 52,857 thousand in 2023, representing an increase of 143.5%[54] Shareholder Information - The Company plans to utilize part of the temporary idle proceeds to purchase wealth management products to enhance capital revenue[21] - The net proceeds from the listing will also be used for the construction of a new manufacturing facility and a new research & development center in Wuxi, Jiangsu Province[21] - The total planned use of net proceeds from the Listing amounts to HK$209.50 million, with HK$184.73 million already utilised as of June 30, 2024[22] - A final dividend of RMB0.08 per share was approved, totaling RMB10,240,000, paid on July 19, 2024[108] Corporate Governance - The company has complied with all code provisions under the Corporate Governance Code during the six months ended June 30, 2024[113] - The company adheres to the Corporate Governance Code as set out in the Listing Rules[120] - The company has a defined structure for its Board of Directors as per the Listing Rules[120] - The company emphasizes transparency and adherence to the Model Code for securities transactions by directors[120]

Financial Performance - Revenue for the six months ended June 30, 2024, reached RMB 153,535, representing a 189.3% increase compared to RMB 53,076 for the same period in 2023[1] - Gross profit for the same period was RMB 46,851, up 173.0% from RMB 17,161 in the previous year[2] - Profit before tax increased by 274.5% to RMB 36,466, compared to RMB 9,736 in the prior year[2] - Net profit attributable to shareholders was RMB 31,557, a significant rise of 298.0% from RMB 7,928 in the previous period[2] - Basic and diluted earnings per share for the period were RMB 24.65, compared to RMB 6.19 in the same period last year, marking an increase of 298.2%[2] - The company reported a significant increase in financial income, which reached RMB 4,098, compared to RMB 2,844 in the previous year[2] - The total cost of sales, selling expenses, and administrative expenses amounted to RMB 129,050,000, compared to RMB 52,857,000 in the previous year, indicating a rise of 144%[14] - Income tax expenses rose to RMB 4.9 million from RMB 1.8 million in the same period last year, primarily due to increased taxable income[32] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 1,171,877, compared to RMB 1,029,125 as of December 31, 2023[5] - Total liabilities rose to RMB 476,839 from RMB 355,404, reflecting an increase in financial obligations[5] - Trade receivables net amount decreased to RMB 199,685,000 as of June 30, 2024, from RMB 236,680,000 as of December 31, 2023, a decline of 16%[18] - Accounts receivable decreased from RMB 309.5 million as of December 31, 2023, to RMB 260.9 million as of June 30, 2024[29] - Trade receivables decreased by 17.1% to RMB 261,500,000 as of June 30, 2024, down from RMB 315,500,000 as of December 31, 2023, mainly due to significant collections of receivables[33] - Trade payables and notes payable rose by 18.7% to RMB 229,500,000 as of June 30, 2024, compared to RMB 193,300,000 as of December 31, 2023, due to increased procurement during the period[35] Inventory and Production - Inventory increased to RMB 352,222 from RMB 260,340, indicating a growth in stock levels[4] - Inventory increased by approximately 35.3% to RMB 352,200,000 as of June 30, 2024, from RMB 260,300,000 as of December 31, 2023, driven by increased production orders and delays in customer deliveries[34] - The company sold 8 sets of electroplated brass wire production lines, generating revenue of RMB 85.22 million, a significant increase from 1 set sold in the previous year[26] - Revenue from the sale of electroplated brass wire production lines reached RMB 85,221,000, compared to RMB 5,929,000 in the previous year, marking an increase of 1,340%[11] - Other production lines generated revenue of RMB 7 million, a 1,085.9% increase compared to RMB 0.6 million in the same period last year[26] Employee and Governance - The total employee compensation for the period is approximately RMB 15,400,000, representing about 10.0% of the company's total revenue[51] - The company employed a total of 191 full-time employees as of June 30, 2024, down from 197 employees as of December 31, 2023[51] - The company continues to focus on hiring and training talented employees to enhance industry knowledge and service quality[51] - The board is committed to high standards of corporate governance and has adopted the corporate governance code as per the listing rules, ensuring compliance with all relevant regulations[55] - The audit committee reviewed the group's unaudited interim results and financial information for the period[65] Cash Flow and Capital Expenditures - Cash and bank balances totaled RMB 355,600,000 as of June 30, 2024, up from RMB 246,400,000 as of December 31, 2023, including cash and cash equivalents of RMB 82,300,000[36] - Capital expenditures for the period amounted to RMB 400,000, significantly lower than RMB 4,700,000 for the same period last year, mainly related to the purchase of machinery and equipment[42] Dividends and Shareholder Information - The proposed final dividend for the year ending December 31, 2023, is RMB 0.08 per share, totaling RMB 10,240,000 (pre-tax), which was approved at the annual general meeting[63] - No interim dividend was recommended for the six months ending June 30, 2023[64] Future Outlook and Strategic Focus - The company aims to accelerate the R&D of new products, technologies, and processes, while expanding its market presence both domestically and internationally to enhance market share and risk resilience[50] - The company has not adopted any new accounting standards that will take effect after January 1, 2024, indicating a stable regulatory environment for the upcoming fiscal periods[10] - The company has not experienced any disruptions in normal business operations due to labor disputes or significant employee turnover, maintaining good relations with employees[52] - There are no significant contingent liabilities as of June 30, 2024, indicating a stable financial position[54] - No significant events requiring disclosure occurred from June 30, 2024, to the date of this announcement[66]

Financial Performance - For the year ended December 31, 2023, the company's revenue increased by 50.6% to RMB 313.3 million, compared to RMB 208.0 million in 2022[11] - Gross profit for the year was RMB 95.9 million, representing a 101.9% increase from RMB 47.5 million in the previous year[11] - Profit before income tax rose by 45.9% to RMB 34.1 million, up from RMB 23.4 million in 2022[11] - The net profit for the year was RMB 29.3 million, a 29.8% increase compared to RMB 22.6 million in 2022[11] - Basic and diluted earnings per share increased to RMB 22.93 cents, up 29.8% from RMB 17.66 cents in the previous year[11] - The Group's revenue for the year ended December 31, 2023, increased by 50.6% to approximately RMB313 million, compared to RMB208 million in 2022[20] - Net profit for the year was approximately RMB29.35 million, representing a year-on-year increase of RMB6.75 million from RMB22.60 million in 2022[20] - Earnings per share rose to RMB22.93 cents, up from RMB17.66 cents in the previous year[20] Assets and Liabilities - Total assets as of December 31, 2023, were RMB 1,029,125 thousand, an 8.8% increase from RMB 945,732 thousand in 2022[12] - Total liabilities increased by 22.1% to RMB 355,404 thousand, compared to RMB 291,117 thousand in 2022[12] - Contract assets and trade receivables increased by approximately 34.6% to approximately RMB427.7 million as of December 31, 2023, from approximately RMB317.7 million at the end of 2022[71] - Inventories increased by approximately 32.5% to approximately RMB260.3 million as of December 31, 2023, compared to approximately RMB196.5 million at the end of 2022[72] Operational Efficiency - The company achieved a current ratio of 2.3, down from 2.7 in the previous year[12] - The inventory turnover days improved to 303.3 days from 344.7 days in 2022[12] - Overall gross profit margin increased from approximately 22.8% in 2022 to approximately 30.6% in 2023, driven by a higher proportion of standalone machine sales[51] Revenue Breakdown - Revenue from brass electroplating wire production lines surged by approximately 147.4% to RMB52.5 million, compared to RMB21.2 million in 2022, due to increased sales volume[41] - Revenue from standalone machines increased by approximately 135.4% to approximately RMB233.8 million in 2023, compared to approximately RMB99.3 million in 2022[48] - Revenue from other production lines decreased by approximately 74.9% to RMB8.71 million from RMB34.7 million in 2022[42] - Revenue from other mould repairing equipment, components parts, and accessories decreased by approximately 44.2% to approximately RMB13.6 million in 2023, down from approximately RMB24.4 million in 2022[49] - Rental income decreased by approximately 16.3% to approximately RMB0.91 million in 2023 due to a reduction in the number of rental properties[50] Employee and Management Information - As of December 31, 2023, the Group employed a total of 197 full-time employees, an increase from 192 employees in 2022[104] - The total employee remuneration for the year ended December 31, 2023, was approximately RMB27.9 million, compared to approximately RMB24.3 million in 2022, reflecting an increase of about 14.8%[104] - The company has undergone several management changes, with key personnel holding multiple roles across different subsidiaries[156][160] - The management team has a diverse background in finance, accounting, and engineering, enhancing the company's strategic capabilities[163][165] Corporate Governance - The company has a strong focus on corporate governance, with independent directors overseeing critical committees[163][165] - The Group's strategic committees include a Nomination Committee and a Strategic Committee, enhancing governance and strategic oversight[132] - The Board of Supervisors monitored the execution of shareholder meeting resolutions and found that the directors and senior management diligently performed their duties without any violations of laws or regulations[199] Future Plans and Developments - The Group plans to continue enhancing technological development and providing high-quality equipment and services to maintain its leading position in the industry[26] - The Group intends to stabilize automobile consumption and enhance the overall competitiveness of China's automobile industry, focusing on boosting ancillary and replacement markets[106] - Future plans include continuing to implement a diversified development strategy and actively seeking potential investment opportunities[128] - The Group plans to utilize the unutilized portion of the Net Proceeds from the Listing for the construction of the New Wuxi Facility and the New Research and Development Centre, despite delays caused by changes in business strategies and the COVID-19 pandemic[105] Recognition and Awards - The company was awarded the title of "Leading Service Organization in Intelligent Manufacturing" by Jiangsu Province, indicating progress in its smart manufacturing development[17] - The Group was recognized with the honorary title of "Intelligent Manufacturing Leadership Services in Jiangsu Province" and "Province-level Enterprise Technical Center," indicating advancements in intelligent manufacturing capabilities[22] - The Group has been recognized for its management excellence, with members receiving accolades from local government bodies[158] Cash Flow and Financial Position - Cash and bank balances totaled approximately RMB246.4 million as of December 31, 2023, down from approximately RMB281.9 million at the end of 2022[75] - The Group maintained a strong net cash position of approximately RMB108.6 million as of December 31, 2023, consistent with the previous year[81] - The Group had no borrowings recorded as of December 31, 2023, compared to approximately RMB2.0 million in borrowings as of December 31, 2022[82] - Cash deposits of approximately RMB65.1 million were pledged to banks as security for notes payable and letters of guarantee as of December 31, 2023, down from approximately RMB108.6 million in 2022[127] Dividends - A final dividend of RMB0.08 per share has been recommended for the year ended December 31, 2023[21]

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 313.3 million, representing a 50.6% increase from RMB 208.0 million in 2022[2] - Gross profit for the same period was RMB 95.9 million, up 101.9% from RMB 47.5 million in the previous year[2] - Profit before tax increased by 45.9% to RMB 34.1 million, compared to RMB 23.4 million in 2022[2] - Net profit attributable to shareholders was RMB 29.3 million, a 29.8% increase from RMB 22.6 million in the prior year[2] - Basic and diluted earnings per share rose to RMB 22.93, up 29.8% from RMB 17.66 in 2022[2] - Total revenue for the year ended December 31, 2023, was RMB 313,265,000, an increase of 50.6% from RMB 208,048,000 in 2022[21] - Revenue from the sale of production lines reached RMB 52,472,000 for electroplated brass wire production lines, up from RMB 21,206,000 in 2022[21] - Revenue from single machine sales increased significantly to RMB 233,758,000 in 2023, compared to RMB 99,306,000 in 2022[21] - Revenue from China was RMB 312,100,000, representing a 56.5% increase from RMB 199,491,000 in 2022[23] - The company reported a net profit attributable to equity shareholders of RMB 29,346,000 for 2023, up from RMB 22,604,000 in 2022, resulting in basic earnings per share of RMB 22.93[30] - The overall gross margin improved from approximately 22.8% in 2022 to about 30.6% in 2023, primarily due to a higher proportion of sales from high-margin single machine sales[49] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 1,029.1 million, compared to RMB 945.7 million in 2022[9] - Total equity increased to RMB 673.7 million from RMB 654.6 million in the previous year[9] - Inventory as of December 31, 2023, was RMB 260.3 million, up from RMB 196.5 million in 2022[9] - Trade receivables increased to RMB 309.5 million in 2023 from RMB 216.9 million in 2022, with a net amount of RMB 236.7 million after impairment provisions[35] - Contract assets increased to RMB 36,028,000 in 2023 from RMB 23,794,000 in 2022, with a net amount of RMB 33,541,000 after impairment[32] - Trade payables and notes payable increased by approximately 8.7% from about RMB 157,600,000 at the end of 2022 to about RMB 175,700,000 at the end of 2023[64] - Cash and bank balances totaled approximately RMB 246,400,000 as of December 31, 2023, down from about RMB 281,900,000 at the end of 2022[65] - The current ratio was 2.31 as of December 31, 2023, compared to 2.7 at the end of 2022[66] - The company had no borrowings as of December 31, 2023, down from approximately RMB 2,000,000 at the end of 2022[68] Income and Expenses - The company reported a significant increase in financial income, which rose to RMB 6.0 million from RMB 2.9 million in the previous year[5] - Rental income decreased by approximately 16.3% to RMB 4.7 million in 2023 due to a reduction in the number of properties leased to third parties[48] - Other income increased by approximately 96.7% from about RMB 1,200,000 in 2022 to about RMB 2,400,000 in 2023[50] - Administrative expenses rose from approximately RMB 29,700,000 in 2022 to about RMB 53,000,000 in 2023, primarily due to increased impairment losses on sales properties[52] - The company recorded a significant increase in trade receivables impairment losses, rising to RMB 22.7 million in 2023 from RMB 3 million in 2022[36] - Financial assets and contract asset impairment losses net amount increased to approximately RMB 23,800,000 in 2023 from about RMB 4,300,000 in 2022[54] - Inventory costs recognized as expenses and included in "cost of sales" amounted to approximately RMB 199.2 million in 2023, compared to RMB 143.6 million in 2022[38] Business Operations - The company continues to focus on manufacturing and selling equipment for wire production lines, indicating ongoing commitment to its core business[10] - The company sold five sets of electroplated brass wire production lines in 2023, generating revenue of approximately RMB 52.5 million, a 147.4% increase from RMB 21.2 million in 2022[46] - The revenue from single machine sales surged to approximately RMB 233.8 million in 2023, up 135.4% from RMB 99.3 million in 2022[48] - Major customers contributing over 10% of total revenue included Company A with RMB 217,391,000 and Company B with RMB 42,524,000[24] Future Outlook and Corporate Governance - The company expects that the new accounting standards and interpretations will not have a significant impact on its financial performance or position upon implementation[20] - The company intends to continue implementing a diversified development strategy and actively seek potential investment opportunities[91] - The company will focus on enhancing product quality, optimizing processes, and improving service levels to boost core competitiveness and promote sustainable development[80] - The audit committee has reviewed the accounting principles and discussed the financial reporting system, risk management, and internal control systems for the year[103] - The external auditor, PwC, confirmed that the figures in the performance announcement align with the audited consolidated financial statements for the year ending December 31, 2023[104] - The company has maintained the minimum public float as required by the listing rules throughout the year[105] - The annual report will be published by April 2024 and will be available on the stock exchange and the company's website[107] Employee and Shareholder Information - The company employed a total of 197 full-time employees as of December 31, 2023, compared to 192 employees as of December 31, 2022[81] - Total employee compensation for the year was approximately RMB 27,900,000, an increase from approximately RMB 24,300,000 in 2022, reflecting a growth of about 10.5%[81] - The company plans to distribute a final dividend of RMB 0.08 per share, totaling RMB 10,240,000, subject to shareholder approval at the annual general meeting[98] - As of December 31, 2023, the company had cash deposits of approximately RMB 65,100,000 pledged to banks as collateral, down from RMB 108,600,000 as of December 31, 2022[90] - The company has no significant contingent liabilities as of December 31, 2023[84] - There were no major investments held by the company during the year[85] - The company has not made any acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[86] - The company will suspend share transfer registration from May 27, 2024, to June 26, 2024, to determine the eligibility of shareholders for the annual general meeting[100] - The company will suspend share transfer registration from July 3 to July 8, 2024, to qualify for the final dividend for the year ending December 31, 2023[102]

Financial Performance - For the six months ended June 30, 2023, the company's revenue decreased by 28.6% to RMB 53.08 million from RMB 74.29 million in the same period last year[10]. - The gross profit for the same period increased by 3.0% to RMB 17.16 million compared to RMB 16.65 million in the previous year[10]. - Profit before income tax surged by 141.6% to RMB 9.74 million, up from RMB 4.03 million in the prior year[10]. - The net profit for the period increased by 100.3% to RMB 7.93 million, compared to RMB 3.96 million in the same period last year[10]. - Revenue for the six months ended June 30, 2023, was RMB 53.1 million, a decrease of RMB 21.2 million or approximately 28.6% from RMB 74.3 million for the same period in 2022[20]. - The profit for the period ended June 30, 2023, was RMB 7,928,000, compared to RMB 3,959,000 for the same period in 2022, representing an increase of approximately 100%[119]. - Basic and diluted earnings per share increased to 6.19 RMB cents, up from 3.09 RMB cents in the previous year, marking a 100% increase[105]. Revenue Breakdown - Sales revenue from brass electroplating wire production lines decreased by RMB 15.3 million due to a decline in sales volume[21]. - Revenue from other production lines amounted to RMB 0.6 million, representing a decrease of 95.5% compared to RMB 13.2 million for the same period last year[22]. - Standalone machines sales revenue increased to RMB 36.2 million, up approximately 17.6% from RMB 30.8 million in 2022, with 202 units accepted by customers[23]. - Revenue from mould repairing equipment, component parts, and accessories increased to RMB 8.0 million, a rise of approximately 43.6% from RMB 5.6 million in 2022[24]. - Revenue from sales of standalone machines increased to RMB 36,241 thousand in 2023 from RMB 30,827 thousand in 2022, representing an increase of 17.8%[149]. - Revenue from sales of brass electroplating wire production lines decreased significantly to RMB 5,929 thousand in 2023 from RMB 21,206 thousand in 2022, a decline of 72.0%[149]. - Revenue from Mainland China accounted for RMB 52,014 thousand, which is 98.0% of total revenue, down from RMB 67,665 thousand in 2022[150]. Assets and Liabilities - Total assets as of June 30, 2023, rose by 4.2% to RMB 985.82 million from RMB 945.73 million at the end of 2022[10]. - Total liabilities increased by 14.6% to RMB 333.51 million from RMB 291.12 million in the previous year[10]. - The current ratio decreased slightly to 2.5 from 2.7 as of December 31, 2022[10]. - As of June 30, 2023, trade receivables amounted to RMB251.2 million, an increase of 4.8% from RMB239.6 million as of December 31, 2022, primarily due to a slowdown in collection of receivables[45]. - Inventories increased by approximately 30.7% from RMB196.5 million as of December 31, 2022 to RMB256.7 million as of June 30, 2023, mainly due to an increase in work in progress products and delays in delivery and testing of equipment[46]. - The total cost of inventories as of June 30, 2023, was RMB 261,397,000, up from RMB 200,056,000 at the end of 2022, reflecting an increase of 30.6%[196]. Cash Flow and Investments - Cash generated from operations for the six months ended June 30, 2023, was RMB 21,630,000, significantly higher than RMB 4,770,000 for the same period in 2022, indicating a growth of approximately 353%[119]. - The net cash flows generated from operating activities for the first half of 2023 were RMB 21,010,000, compared to RMB 4,668,000 in the same period of 2022, reflecting a substantial increase[119]. - The net cash flows used in investing activities for the six months ended June 30, 2023, were RMB (21,932,000), a decrease from RMB 280,000 in the same period of 2022, indicating a shift towards more investment[120]. - The company declared dividends amounting to RMB 10,240,000 during the period, impacting retained earnings[119]. Research and Development - The company maintained a focus on research and development to provide highly intelligent equipment, aiming to sustain its leading position in industry innovation[12]. - Administrative expenses rose to RMB 15.7 million, an increase of RMB 3.9 million compared to RMB 11.8 million in 2022, primarily due to increased investment in R&D[34]. - Approximately HK$25.5 million of the net proceeds and HK$1.1 million in interest have been used to develop targeted research and development projects[88]. Employee and Operational Metrics - Employee remuneration for the six months ended June 30, 2023, was approximately RMB14.8 million, representing about 27.9% of the Group's total revenue[94]. - The total employee count as of June 30, 2023, was 185, a decrease from 192 as of December 31, 2022[94]. - The company continues to focus on hiring and training talented employees to maintain high service standards and operational efficiency[97]. Market Strategy - The company plans to enhance production capacity and optimize production processes to meet increasing customer demands in the tyre industry[90]. - The company aims to expand its market share and profitability by reinforcing its presence in both domestic and overseas markets[93]. Accounting and Compliance - The company has adopted new accounting standards for the financial year commencing January 1, 2023, which may impact future financial reporting[133]. - The adoption of new standards and amendments did not have a significant impact on the condensed consolidated interim financial information[138].