格隆汇8月18日丨惠生国际(01340.HK)公告，公司将于2025年8月29日(星期五)举行董事会会议，藉以(其 中包括)考虑及批准公司及其附属公司截至2025年6月30日止6个月中期业绩以及考虑派发中期股息(如 有)。 ...

董事會召開日期 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之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不會就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之任何損失承擔任何責任。 HUISHENG INTERNATIONAL HOLDINGS LIMITED 惠生國際控股有限公司 （於開曼群島註冊成立之有限公司） (股份代號： 1340) 惠生國際控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈， 本公司將於二零二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）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以及考慮派發 中期股息（如有）。 承董事會命 惠生國際控股有限公司 執行董事 章正華 香港，二零二五年八月十八日 於本公告日期，董事會由五名董事組成，其中章正華先生及向元女士為執行董事；王貴平 博士、黃瑞林先生及羅明生先生為獨立非執行董事。 ...

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: 惠生國際控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01340 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | 本月底法定/註冊股本 ...

Company Overview - Huisheng International (惠生国际) is one of the largest pork suppliers in Changde City, Hunan Province, China, involved in pig slaughtering, breeding, and feeding [3] - The company produces various pork products, including fresh, chilled, frozen meat, by-products, and processed pork products such as cured meat and sausages [3] Financial Performance - As of December 31, 2024, Huisheng International reported total revenue of 44.279 million yuan, a decrease of 35.17% year-on-year [2] - The company experienced a net profit of -24.52 million yuan, an increase of 83.02% year-on-year [2] - The gross profit margin stands at 1.22%, with a debt-to-asset ratio of 15.82% [2] Stock Performance - Over the past month, Huisheng International has seen a cumulative increase of 5.41%, and a year-to-date increase of 11.43%, underperforming the Hang Seng Index, which has risen by 25.51% [2] - As of July 31, the stock price closed at 0.044 HKD per share, marking an increase of 12.82% with a trading volume of 4.334 million shares [1] Valuation Metrics - Currently, there are no institutional investment ratings for Huisheng International [3] - The company's price-to-earnings (P/E) ratio is -1.36, ranking 21st in the agricultural products industry, which has an average P/E ratio of 5.9 and a median of 2.72 [3]

Company Overview - Huisheng International (01340.HK) is one of the largest pork suppliers in Changde, Hunan Province, China, involved in pig slaughtering, breeding, and feeding [2] - The company produces various pork products, including fresh meat, frozen meat, by-products, and processed pork products such as cured meat and sausages [2] Financial Performance - As of December 31, 2024, Huisheng International reported total revenue of 44.279 million yuan, a year-on-year decrease of 35.17% [1] - The company recorded a net profit attributable to shareholders of -24.52 million yuan, an increase of 83.02% year-on-year [1] - The gross profit margin stood at 1.22%, and the debt-to-asset ratio was 15.82% [1] Stock Performance - On June 26, the Hang Seng Index fell by 0.61%, closing at 24,325.4 points [1] - Huisheng International's stock closed at 0.038 HKD per share, up 11.76%, with a trading volume of 740,000 shares and a turnover of 28,200 HKD, showing a volatility of 5.88% [1] - Over the past month, the stock has declined by 5.56%, and year-to-date, it has decreased by 2.86%, underperforming the Hang Seng Index's increase of 22.01% [1] Valuation Metrics - Currently, there are no institutional investment ratings for Huisheng International [2] - The average price-to-earnings (P/E) ratio for the agricultural products industry is 4.75 times, with a median of 2.54 times [2] - Huisheng International's P/E ratio is -1.18 times, ranking 21st in the industry [2]

Company Overview - Huisheng International (01340.HK) is one of the largest pork suppliers in Changde City, Hunan Province, China, involved in pig slaughtering, breeding, and feeding [3] - The company produces various pork products, including fresh, chilled, frozen meat, by-products, and processed pork products such as cured meat and sausages [3] Financial Performance - As of December 31, 2024, Huisheng International reported total revenue of 44.279 million yuan, a year-on-year decrease of 35.17% [2] - The company recorded a net profit attributable to shareholders of -24.52 million yuan, an increase of 83.02% compared to the previous year [2] - The gross profit margin stands at 1.22%, with a debt-to-asset ratio of 15.82% [2] Market Performance - Over the past month, Huisheng International has experienced a cumulative decline of 2.86%, matching its year-to-date performance, which underperformed the Hang Seng Index's increase of 15.44% [2] - On June 3, the stock closed at 0.038 HKD per share, up 11.76%, with a trading volume of 444,000 shares and a turnover of 16,300 HKD [1] Valuation Metrics - Currently, there are no institutional investment ratings for Huisheng International [3] - The company's price-to-earnings (P/E) ratio is -1.18, ranking 22nd in the agricultural products industry, which has an average P/E ratio of 4.5 and a median of 2.56 [3]

Group 1 - The core viewpoint of the news highlights the recent performance of the Hang Seng Index and the stock price movement of Huisheng International, which saw an increase of 11.11% on May 9, closing at HKD 0.04 per share [1] - Over the past month, Huisheng International has experienced a cumulative increase of 9.09%, while year-to-date, it has risen by 2.86%, underperforming the Hang Seng Index, which has increased by 13.54% [2] - Financial data indicates that as of December 31, 2024, Huisheng International reported total revenue of HKD 44.279 million, a decrease of 35.17% year-on-year, and a net profit attributable to shareholders of -HKD 24.52 million, an increase of 83.02% year-on-year, with a gross margin of 1.22% and a debt-to-asset ratio of 15.82% [2] Group 2 - Currently, there are no institutional investment ratings for Huisheng International, and its price-to-earnings (P/E) ratio stands at -1.25, ranking 22nd in the agricultural products industry, which has an average P/E ratio of 4.41 [3] - Huisheng International is one of the largest pork suppliers in Changde City, Hunan Province, China, involved in pig slaughtering, breeding, and raising, with products including fresh, chilled, frozen pork, by-products, and processed pork products [3]

Financial Performance - For the fiscal year ending December 31, 2024, the company recorded revenue of approximately RMB 44,300,000, a decrease of about 35.2% or RMB 24,000,000 compared to RMB 68,300,000 in 2023[17]. - The gross profit for the year was approximately RMB 500,000, compared to RMB 100,000 in 2023[17]. - The revenue from the pig slaughtering and meat trading business decreased by approximately RMB 21,000,000 or 32.1% to about RMB 44,300,000 in 2024[17]. - The company reported a loss attributable to owners of approximately RMB 24,500,000 for 2024, a significant decrease from a loss of RMB 144,400,000 in 2023[20]. - The company faced challenges in the pipeline system products business, resulting in zero revenue for the year, compared to RMB 3,100,000 in 2023[17]. - Total revenue for the year ended December 31, 2024, was RMB 44,279,000, a decrease of 35.2% compared to RMB 68,297,000 in 2023[189]. - Gross profit for 2024 was RMB 542,000, representing a significant increase from RMB 138,000 in 2023[189]. - The company reported a pre-tax loss of RMB 24,214,000 for 2024, an improvement from a loss of RMB 146,935,000 in 2023[189]. - The net loss attributable to the owners of the company for 2024 was RMB 24,520,000, compared to RMB 144,372,000 in 2023, indicating a reduction in losses[190]. - Basic and diluted loss per share for 2024 was RMB 2.71, improving from RMB 16.39 in 2023[190]. Expenses and Cost Management - The company experienced a reduction in administrative expenses by approximately RMB 2,200,000 or 14.9% to about RMB 12,500,000 in 2024[19]. - The company’s sales and distribution expenses decreased from approximately RMB 53,000 to about RMB 46,000[18]. - The company’s pig purchasing prices increased due to difficulties in procurement caused by heavy rains in June 2024, impacting overall sales costs[10]. - The group aims to optimize resource allocation and implement cost control measures in its slaughtering and pipeline system product businesses[36]. Assets and Liabilities - As of December 31, 2024, the group maintained cash and bank balances of approximately RMB 397.8 million, an increase from RMB 389.8 million in 2023[21]. - The current ratio as of December 31, 2024, was 5.7, slightly down from 5.9 in 2023[21]. - Total equity as of December 31, 2024, was approximately RMB 393.7 million, a decrease from RMB 416.7 million in 2023[21]. - The group had no outstanding borrowings as of December 31, 2024, consistent with 2023[22]. - The debt-to-equity ratio was zero as of December 31, 2024, unchanged from 2023[25]. - Non-current assets decreased to RMB 50,070,000 in 2024 from RMB 73,675,000 in 2023, reflecting a decline of 32.2%[192]. - Current assets increased slightly to RMB 417,636,000 in 2024 from RMB 413,802,000 in 2023[192]. - Total liabilities increased to RMB 3,336,000 as of December 31, 2024, compared to RMB 2,606,000 at the beginning of the year, reflecting increased borrowing[197]. Corporate Governance - The board of directors includes both executive and independent non-executive members, with specific terms for re-election at the annual general meeting[69]. - The company has confirmed the independence of all independent non-executive directors in accordance with listing rules[72]. - The board is committed to enhancing corporate governance and has implemented a diversity policy to improve performance quality, considering factors such as gender, age, and professional experience[115]. - The company has adopted all the code provisions of the Corporate Governance Code as set out in Appendix C1 of the Listing Rules[102]. - The company established a remuneration committee on February 11, 2014, to review the remuneration policies for all directors and senior management, ensuring transparency and alignment with corporate goals[122]. - The audit committee was established on February 11, 2014, to oversee the integrity of financial statements and monitor the company's financial controls and risk management systems[136]. - The company has arranged appropriate liability insurance for its directors and senior officers during the year[152]. Shareholder Relations and Dividends - The board did not recommend the declaration of a final dividend for the year ending December 31, 2024, consistent with 2023[30]. - The company adopted a dividend policy on December 31, 2018, considering factors such as profitability and financial condition when declaring dividends[168]. - The board will consider the group's profitability and future operational plans when deciding on dividend payments[169]. Environmental and Social Responsibility - The company is actively involved in environmental sustainability initiatives, including waste management facilities at its farms and production bases[60]. - The company is currently engaged in a key national research and development project focused on dynamic nutritional needs and precision nutrition supply technology for pigs and poultry[41]. Employee Relations - The company has not experienced any significant disputes with employees, suppliers, or customers during the year ending December 31, 2024[67]. - The company is committed to providing clear career development paths and opportunities for skill enhancement to motivate its employees[64]. - Each employee holds no more than 1% of the company's shares[83]. Audit and Compliance - The independent auditor confirmed that the consolidated financial statements reflect a true and fair view of the group's financial position as of December 31, 2024[173]. - The auditor's report does not cover other information included in the annual report, which is the responsibility of the board[179]. - The audit committee met with external auditors to discuss compliance and financial reporting matters, with no disagreements noted[139]. - The company confirmed that all directors complied with the securities trading code of conduct during the year ending December 31, 2024[120].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 44,279,000, a decrease of 35.2% compared to RMB 68,297,000 in 2023[4] - Gross profit for the year was RMB 542,000, significantly improved from RMB 138,000 in the previous year[4] - The company reported a pre-tax loss of RMB 24,214,000, a reduction of 83.5% from a loss of RMB 146,935,000 in 2023[4] - The annual loss attributable to the owners of the company was RMB 24,520,000, compared to RMB 144,372,000 in the previous year, indicating a substantial improvement[5] - The basic and diluted loss per share was RMB 2.71, an improvement from RMB 16.39 in the previous year[5] - Revenue from customer contracts for the year ended December 31, 2024, was RMB 44,279 thousand, a decrease of 35.5% from RMB 68,297 thousand in 2023[15] - The total segment revenue for the pig slaughtering and meat trading segment was RMB 44,279 thousand for the year ended December 31, 2024, compared to RMB 65,242 thousand in 2023, reflecting a decline of 32.1%[19] - The company reported a total loss before tax of RMB 24,214 thousand for the year ended December 31, 2024, compared to a loss of RMB 146,935 thousand in 2023, indicating an improvement[19] - The company reported a loss attributable to shareholders of approximately RMB 24,520,000 for the year ended December 31, 2024, compared to a loss of RMB 144,372,000 in 2023, indicating a significant reduction in losses by about 83%[38] - Revenue for the year ended December 31, 2024, was approximately RMB 44,300,000, a decrease of about 35.2% or RMB 24,000,000 from approximately RMB 68,300,000 in 2023[49] Assets and Liabilities - Non-current assets decreased to RMB 50,070,000 from RMB 73,675,000 in 2023, reflecting a decline of 32.2%[6] - Current assets increased slightly to RMB 417,636,000 from RMB 413,802,000, showing a marginal growth of 0.8%[6] - Total liabilities increased to RMB 73,751,000 from RMB 70,511,000, representing a rise of 3.2%[6] - The company's equity attributable to owners decreased to RMB 397,040,000 from RMB 420,888,000, a decline of 5.7%[7] - Total assets for the reportable segments decreased to RMB 460,741 thousand as of December 31, 2024, from RMB 481,047 thousand as of December 31, 2023, a decline of 4.0%[24] - Total liabilities for the reportable segments slightly decreased to RMB 53,374 thousand as of December 31, 2024, from RMB 53,453 thousand as of December 31, 2023[24] - The current ratio as of December 31, 2024, was 5.7, slightly down from 5.9 in 2023[51] - Total equity as of December 31, 2024, was approximately RMB 393.7 million, down from RMB 416.7 million in 2023[51] - The group had no outstanding borrowings as of December 31, 2024, consistent with 2023[52] - The debt-to-equity ratio was zero as of December 31, 2024, unchanged from 2023[54] Operational Highlights - The company continues to focus on the production and sales of pork and related meat products in the local market of China, indicating ongoing commitment to its core business[8] - The company generated total revenue of RMB 44,279 thousand in 2024, with 100% coming from China, compared to 95.5% in 2023[28] - The company continues to monitor the pork market closely to stabilize production and operating costs amid challenges in the industry[45] - The group plans to enhance its slaughtering and processing capabilities, focusing on producing higher quality pork products and improving cost control measures[62] - The company is focused on strategic expansion and enhancing its market presence[72] - Future outlook includes potential new product development and technological advancements[72] - The company aims to improve operational efficiency and drive revenue growth through innovative strategies[72] Cost Management - The company reported a total of RMB 43,737 thousand in cost of goods sold for the year 2024, down from RMB 65,172 thousand in 2023, indicating a reduction in operational costs[36] - The company experienced a decrease in administrative expenses by approximately RMB 2,200,000 or 14.9%, totaling around RMB 12,500,000 for the year ended December 31, 2024[49] Employee and Governance - The number of employees decreased from 34 in 2023 to 30 as of December 31, 2024[60] - The board of directors consists of five members, including two executive directors and three independent non-executive directors[72] - The executive directors are Mr. Zhang Zhenghua and Ms. Xiang Yuan[72] - The board is committed to ensuring the accuracy of financial information and reporting[72] - The company is dedicated to maintaining transparency and accountability in its operations[72] Challenges and Risks - The company faced challenges in the pipeline system products business, which saw no revenue in 2024, down from RMB 3,100,000 in 2023, due to economic downturns and natural disasters[49][48] - The company incurred a write-off of property, plant, and equipment amounting to approximately RMB 18,000,000 due to severe weather conditions affecting its facilities[47] - The company reported a net expected credit loss provision of RMB 393 thousand in 2024, significantly lower than RMB 24,487 thousand in 2023, indicating improved credit quality[36] - The impairment loss on property, plant, and equipment was RMB 59,869 thousand in 2023, which was not reported in 2024, suggesting improved asset performance[36] Dividends and Shareholder Information - The company did not recommend a final dividend for the year ending December 31, 2024, compared to no dividend in 2023[37] - The board did not recommend the declaration of a final dividend for the year ending December 31, 2024, consistent with 2023[59] - The company issued a total of 922,838,000 shares as of December 31, 2024, an increase from 880,838,000 shares[61] - The group has no significant contingent liabilities as of December 31, 2024[56] Future Outlook - The management is optimistic about achieving growth targets in the upcoming fiscal periods[72] - The company is exploring opportunities for mergers and acquisitions to strengthen its market position[72] - There is an emphasis on collaboration and sharing insights within the team to enhance decision-making[72]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 31,817 thousand, a decrease of 22.6% compared to RMB 42,862 thousand in the same period of 2023[2] - The gross loss for the period was RMB 1,833 thousand, compared to a gross profit of RMB 1,718 thousand in the previous year[2] - The company incurred a loss before tax of RMB 8,599 thousand, significantly higher than the loss of RMB 1,636 thousand reported in the same period last year[2] - The total comprehensive loss attributable to owners of the company was RMB 8,490 thousand, compared to a loss of RMB 18,405 thousand in the same period of 2023[3] - Total revenue for the six months ended June 30, 2024, was RMB 31,817 thousand, with a pre-tax loss of RMB (8,599) thousand[12][13] - The company reported a loss attributable to shareholders of approximately RMB 8,551,000 for the six months ended June 30, 2024, compared to a loss of RMB 4,796,000 for the same period in 2023, with a weighted average of 884,069,000 shares outstanding[32] - The group recorded revenue of approximately RMB 31.8 million, a decrease of about 25.9% or RMB 11.1 million compared to RMB 42.9 million in the same period last year[50] - The group experienced a gross loss of approximately RMB 1.8 million for the six months ended June 30, 2024, compared to a gross profit of approximately RMB 1.7 million in the same period last year[50] - The pork business revenue decreased by approximately 21.6% or RMB 7.9 million to approximately RMB 31.8 million, while the pipeline business revenue was zero compared to RMB 3.2 million in the previous year[50] Assets and Liabilities - Trade receivables increased to RMB 27,307 thousand from RMB 16,936 thousand, indicating a rise of 60.1%[4] - The company's total assets decreased to RMB 425,909 thousand from RMB 413,802 thousand, reflecting a marginal increase of 2.6%[4] - The company’s equity attributable to owners decreased to RMB 414,462 thousand from RMB 420,888 thousand, a decline of 1.0%[5] - Total assets as of June 30, 2024, were RMB 496,736 thousand, an increase from RMB 487,477 thousand at the end of the previous period[19] - Total liabilities for the reportable segments increased to RMB 66,263 thousand from RMB 53,453 thousand[19] - Trade receivables, net of expected credit loss provisions, increased to RMB 27,307,000 as of June 30, 2024, from RMB 16,936,000 as of December 31, 2023[35] - The expected credit loss provision for trade receivables rose to RMB 15,546,000 as of June 30, 2024, compared to RMB 13,125,000 as of December 31, 2023[36] - Trade payables increased significantly to RMB 25,459,000 as of June 30, 2024, from RMB 12,072,000 as of December 31, 2023[39] Cash Flow - Cash and cash equivalents at the end of the period were RMB 392,343 thousand, slightly down from RMB 400,085 thousand at the end of the previous year[7] - The net cash generated from operating activities was RMB 1,867 thousand, compared to a net cash used of RMB (13,718) thousand in the previous period[8] - The net cash generated from investing activities was RMB 525 thousand, down from RMB 602 thousand[8] - The net increase in cash and cash equivalents was RMB 2,392 thousand, compared to a decrease of RMB (13,116) thousand in the prior period[8] - The company’s cash and cash equivalents at the beginning of the period were RMB 389,836 thousand, down from RMB 416,389 thousand[8] - As of June 30, 2024, the group had cash and bank balances of approximately RMB 392.3 million, compared to RMB 389.8 million as of December 31, 2023[52] Expenses and Costs - The company reported an increase in administrative expenses to RMB 7,389 thousand from RMB 8,253 thousand, a decrease of 10.5%[2] - The company incurred total employee costs of RMB 662,000 for the six months ended June 30, 2024, down from RMB 1,343,000 in the same period of 2023, indicating a reduction of 50.7%[31] - Depreciation of property, plant, and equipment amounted to RMB 2,776,000, a decrease from RMB 4,525,000 in the previous year, representing a decline of 38.7%[31] - Interest income totaled RMB 746,000, down from RMB 790,000 in the previous year, reflecting a decrease of 5.6%[26] Taxation - The company reported no income tax expense for the current period, compared to RMB 3,346,000 in the previous year due to prior year provisions[27][30] - The company has not recognized deferred tax impacts during the reporting period, benefiting from tax exemptions for agricultural business operations[29] - The effective tax rate in Japan is approximately 30.6%, impacting the company's tax liabilities in that region[30] Share Capital and Dividends - No interim dividend was declared or paid for the six months ended June 30, 2024, consistent with the previous year[33] - The company issued 42,000,000 new ordinary shares on June 17, 2024, raising approximately RMB 390,000 in share capital and RMB 1,674,000 in share premium after deducting issuance costs[41] - The company’s total equity increased to RMB 7,698,000 as of June 30, 2024, reflecting the new share issuance[41] - The company's issued shares increased from 880,838,000 to 922,838,000 shares during the six months ending June 30, 2024[59] - The company issued 42,000,000 subscription shares at a price of HKD 0.053 per share on June 17, 2024, as part of a joint venture and service fee for slaughtering license application[59] Corporate Governance - The company has adopted the corporate governance code as per the listing rules, ensuring compliance and regular reviews[69] - The audit committee consists of three independent non-executive directors, enhancing oversight of financial reporting and risk management[69] - The company has confirmed that all directors have complied with the standard code of conduct for securities trading[68] - The company has appointed a new independent non-executive director and committee chair, ensuring fresh oversight[69] - The company is committed to maintaining and improving its corporate governance standards through regular reviews[69] Business Strategy and Market Outlook - The company is currently conducting trial operations at its joint venture slaughterhouse to assess its future operational capabilities[61] - The company anticipates a more significant market role and increased market share due to rising pig prices and ongoing market monitoring[61] - The company is exploring diversified business opportunities to create new revenue streams and enhance profitability[61] - The company is focused on expanding its pork product trade business and developing new partnerships in Southeast Asia[67] - The company acknowledges the risks associated with fluctuating pig prices due to various factors, including policy changes and market demand[61] Share Options - The new share option plan adopted on June 30, 2023, allows for the issuance of up to 88,083,800 shares, representing approximately 9.5% of the company's issued capital[62] - The company aims to attract and retain talent through the new share option plan, which aligns the interests of participants with those of shareholders[63] - The company granted a total of 88,080,000 share options, which will expire on July 27, 2024[67] - No share options were exercised, cancelled, or lapsed during the six months ending June 30, 2024, maintaining the total granted[67] - Each employee holds no more than 1% of the company's shares, indicating a broad distribution of equity incentives[65]