(於開曼群島註冊成立之有限公司) 股份代號 : 1340 (Incorporated in the Cayman Islands with limited liability) Stock Code : 1340 2022 A N N U A L R E P O R T 2022 年 報 年報 ANNUAL REPORT 2022 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 3 | | 董事及高級管理人員之履歷詳情 | 8 | | 董事會報告 | 10 | | 企業管治報告 | 21 | | 獨立核數師報告 | 39 | | 綜合損益及其他全面收益表 | 44 | | 綜合財務狀況表 | 46 | | 綜合權益變動表 | 48 | | 綜合現金流量表 | 49 | | 綜合財務報表附註 | 51 | | 五年財務概要 | 143 | 公司資料 董事 執行董事 陳始正先生 （於二零二二年六月三十日退任） 覃媛玲女士 獨立非執行董事 陳衍行先生 （於二零二二年六月三十日退任） 黃景兆先生 （於二零二二年六月三十日退任） 黃玉麟先生 王貴平博士 黃瑞林先生 （於二零二二年八 ...

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告全部或任何部 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） 1340 （股份代號： ） 截至二零二二年十二月三十一日止年度 年度業績公告 惠生國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司（「本集團」）截至二零二二年十二月三十一日止年度的未經審核綜合業績 （「全年業績」）以及截至二零二一年十二月三十一日止年度之可比較金額。 ...

Financial Performance - As of December 31, 2021, the group's receivables amounted to approximately RMB 251.3 million, a decrease of 22.1% from RMB 322.5 million in 2020[9]. - The group recorded interest income from receivables of approximately RMB 1.1 million for the year ended December 31, 2021, down 92.7% from RMB 15.0 million in 2020[9]. - The group has seen a 32.6% reduction in the provision for expected credit losses, decreasing to approximately RMB 2.9 million from RMB 4.3 million in 2020[16]. - The company has recovered approximately RMB 236.6 million in receivables, accounting for 94.2% of the receivables as of December 31, 2021[28]. Loan Management - There were 9 outstanding loans as of December 31, 2021, with a total outstanding balance of RMB 248.5 million[11]. - The company has issued overdue notices to individual A for an outstanding loan balance of approximately RMB 243,000, which has reached maturity[12]. - The outstanding loans to companies 1 and 2 have been extended to a 5-year term with waived interest, requiring semi-annual repayments[12]. - The company is committed to taking further legal action regarding overdue balances as necessary[12]. - The company has established various loan agreements with borrowers, including individuals and companies, with loan amounts totaling RMB 105 million and interest rates ranging from 9.6% to 12%[38][39]. - The company has a loan amount of RMB 59.98 million with a repayment term of five years, with no collateral required[42]. - The company has a loan amount of RMB 125.42 million under a debt restructuring agreement, with repayments scheduled in ten installments over five years[46]. - The company has extended loan terms multiple times, with some loans now due in July 2023[31][32]. Compliance and Regulatory Issues - The company acknowledges a breach of Listing Rules due to failure to timely disclose loan agreements and restructuring agreements, which constitute major transactions[70]. - The company has implemented remedial actions, including internal training on compliance with Listing Rules and establishing a committee for future loan transactions[73]. - The company will ensure timely disclosures in the future to comply with Listing Rules[74]. - The company expresses regret for the non-compliance incident, emphasizing that it was an unintentional oversight[73]. - The company has maintained regular communication with professional advisors regarding compliance with Listing Rules[73]. Future Plans and Strategies - The company plans to issue a circular to shareholders by December 15, 2022, detailing financial assistance agreements and financial information[6]. - The group plans to renegotiate loan terms with certain borrowers and expedite repayment dates to improve financial conditions[13]. - The company will cease new lending activities until all existing loans are repaid, in light of the current economic instability and to prevent future compliance issues[73]. - The company has engaged in discussions to ensure that all outstanding loans will be cleared by the end of 2022[49]. Risk Management - The group has established strict credit risk assessment procedures to ensure comprehensive risk management[22]. - The expected credit loss model is based on a three-stage approach, with provisions determined by the credit risk characteristics of receivables[21]. - As of the end of the reporting period, the group regularly reviews the recoverable amounts of individual debts to ensure adequate provisions for uncollectible amounts[18]. Business Operations - The group is engaged in the production and sale of pork and related meat products, as well as providing technical consulting services and financial services[50]. - The company has a wholly-owned subsidiary in Hong Kong that has been licensed to conduct lending business since April 2017[51]. - The loan agreements are deemed fair and reasonable, providing stable income and cash flow for the company[63]. - The financial support provided to certain individuals and companies constitutes a discloseable transaction under the listing rules[66].

(於開曼群島註冊成立之有限公司) 股份代號 : 1340 2022 中期報告 (Incorporated in the Cayman Islands with limited liability) Stock Code : 1340 Interim Report 2022 惠生國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬公司（統 稱「本集團」）截至二零二二年六月三十日止六個月的未經審核簡明綜合中期財務報表，連同二 零二一年同期的比較數字。此等簡明綜合中期財務報表未經審核，但已經由本公司審核委員會 （「審核委員會」）作出審閱。 簡明綜合損益及其他全面收益表 截至二零二二年六月三十日止六個月 | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二二年 | 二零二一年 | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） | （未經審核） | | 收益 | 3 | 18,567 | 51,380 | | 銷售成本 | | (19,893) | (49,103) | | 毛（虧損）/利潤 | | ...

Financial Performance - The group recorded revenue of approximately RMB 81,300,000 for the year ended December 31, 2021, an increase of about 174.0% or RMB 51,600,000 compared to the same period last year[22]. - The gross profit for the year was approximately RMB 2,600,000, a turnaround from a gross loss of approximately RMB 2,100,000 in 2020[22]. - The pork business revenue increased by approximately RMB 38,300,000 or 210.4% to about RMB 56,500,000 in 2021[22]. - The pipeline business revenue also rose by approximately RMB 13,300,000 or 116.3% to about RMB 24,800,000 in 2021[22]. - The company reported a net loss of RMB 31,883,000 for 2021, an improvement from a net loss of RMB 36,726,000 in 2020, reflecting a reduction in losses by approximately 13%[196]. - Total revenue for the year ended December 31, 2021, was RMB 81,291,000, a significant increase from RMB 29,663,000 in 2020, representing a growth of 174%[194]. - Gross profit for 2021 was RMB 2,602,000, compared to a gross loss of RMB 2,083,000 in 2020, indicating a turnaround in profitability[194]. - The total comprehensive loss for the year was RMB 23,220,000, down from RMB 40,750,000 in 2020, marking a 43% reduction in comprehensive losses[196]. Operational Challenges - The company faced operational losses in its pork business due to rising breeding costs and disease impacts, leading to a cautious recovery strategy[17]. - The company has outsourced slaughtering processes to independent facilities to improve cost efficiency amid high breeding costs[18]. - The company is exploring potential investment opportunities to mitigate business risks and enhance profitability during challenging market conditions[21]. - The company aims to balance resources between its pork and pipeline businesses to maximize shareholder returns[21]. Business Diversification - The company has diversified into the sales and distribution of pipeline system products, achieving a gross margin of approximately 10% to 20%[19]. - The company is committed to seeking various fundraising channels to expand its pipeline business[19]. - The company is renting out one of its farms to generate rental income while maintaining operations at another farm[18]. Financial Position - As of December 31, 2021, the group maintained cash and bank balances of approximately RMB 131,600,000, compared to RMB 14,900,000 in 2020[25]. - The current ratio as of December 31, 2021, was 5.4, up from 1.8 in 2020[25]. - The group had no outstanding borrowings as of December 31, 2021, compared to RMB 19,000,000 in 2020[26]. - Cash and cash equivalents increased significantly to RMB 131,581,000 in 2021 from RMB 14,936,000 in 2020, indicating improved liquidity[199]. - The company’s non-current assets decreased to RMB 206,250,000 in 2021 from RMB 519,050,000 in 2020, primarily due to the reduction in receivables[199]. Governance and Compliance - The company has adopted the corporate governance code and continuously reviews its governance standards[104]. - The board consists of six members, including two executive directors and four independent non-executive directors, meeting the regulatory requirements[106]. - The company has established a mandatory provident fund plan for eligible Hong Kong employees, contributing 5% of relevant income, capped at HKD 30,000 per month[66]. - The company has no significant disputes with employees, suppliers, or customers during the fiscal year ending December 31, 2021[76]. - The company has no serious violations of relevant laws and regulations that significantly impact its business and operations as of December 31, 2021[72]. Risk Management - The company confirmed the effectiveness of its risk management and internal control systems through regular annual reviews, with no significant issues identified[146]. - The board is responsible for the overall effectiveness of the risk management and internal control systems, ensuring compliance with legal and regulatory requirements[144]. - The company has a dedicated internal audit team that independently assesses the adequacy and effectiveness of risk management and internal control systems[144]. Shareholder Relations - The company maintains open communication with shareholders and investors, utilizing financial reports and annual general meetings as primary channels for information dissemination[157]. - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting to address specified matters[158]. - The company has established procedures for shareholders to submit agenda items for general meetings, ensuring transparency and engagement[163]. Environmental Commitment - The company is committed to environmental sustainability, having installed waste treatment facilities at its farms and production bases[71].

(於開曼群島註冊成立之有限公司) 股份代號 : 1340 中期報告 2021 (Incorporated in the Cayman Islands with limited liability) Stock Code : 1340 INTERIM REPORT 2021 惠生國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬公司（統 稱「本集團」）截至二零二一年六月三十日止六個月的未經審核簡明綜合中期財務報表，連同二 零二零年同期的比較數字。此等簡明綜合中期財務報表未經審核，但已經由本公司審核委員會 （「審核委員會」）作出審閱。 簡明綜合損益及其他全面收益表 截至二零二一年六月三十日止六個月 截至六月三十日止六個月 | | | 二零二一年 | 二零二零年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） | （未經審核） | | 收益 | 3 | 51,380 | 1,858 | | 銷售成本 | | (49,103) | (1,656) | | 毛利潤 | | 2,277 | 202 | | 其 ...

(於開曼群島註冊成立之有限公司) 股份代號 : 1340 年 報 2020 年報 ANNUAL REPORT 2020 目錄 (Incorporated in the Cayman Islands with limited liability) 公司資料 2 管理層討論及分析 3 董事及高級管理人員之履歷詳情 9 董事會報告 11 企業管治報告 20 獨立核數師報告 36 綜合損益及其他全面收益表 42 綜合財務狀況表 44 綜合權益變動表 46 綜合現金流量表 47 綜合財務報表附註 49 五年財務概要 139 目錄 公司資料 董事 Stock Code : 1340 ANNUAL REPORT 2020 執行董事 陳始正先生 孫文峯先生 蘇紅波先生 （於二零二零年十月二十九日獲委任） 劉大貝博士 （於二零二零年二月十七日辭任） 獨立非執行董事 陳衍行先生 黃景兆先生 黃玉麟先生 王貴平博士 （於二零二零年十月二十九日獲委任） 公司秘書 劉智遠先生 獲授權代表 陳始正先生 劉智遠先生 審核委員會 陳衍行先生 （委員會主席） 黃景兆先生 黃玉麟先生 薪酬委員會 黃景兆先生 （委員會主席） 陳始正先生 陳衍行先 ...

股份代號 : 1340 (於開曼群島註冊成立之有限公司) 2020 2020 中期報告 (Incorporated in the Cayman Islands with limited liability) Stock Code : 1340 INTERIM REPORT C M Y CM MY CY CMY K ai160031430115_Huisheung IR2020 Cov v01 output.pdf 1 17/9/2020 上午11:45 惠生國際控股有限公司（「本公司」）董事（「董 事」）會（「董事會」）欣然呈列本公司及其附屬 公司（統稱「本集團」）截至二零二零年六月三十日止六個月的未經審核簡明綜合中期財務 報表。此等簡明綜合中期財務報表未經審核，但已經由本公司審核委員會（「審核委員會」） 作出審閱。 簡明綜合損益及其他全面收益表 截至二零二零年六月三十日止六個月 截至六月三十日止六個月 | | | 二零二零年 | 二零一九年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） | （未經審核） | | 收益 | ...

(於開曼群島註冊成立之有限公司) 股份代號 : 1340 2019 2019 年報 (Incorporated in the Cayman Islands with limited liability) Stock Code : 1340 ANNUAL REPORT 年報 ANNUAL REPORT 2019 C M Y CM MY CY CMY K ai159169155825_Huisheng AR2019 cover_17.5mm outputai.pdf 1 9/6/2020 下午4:32 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 3 | | 董事及高級管理人員之履歷詳情 | 10 | | 董事會報告 | 12 | | 企業管治報告 | 21 | | 獨立核數師報告 | 37 | | 綜合損益及其他全面收益表 | 43 | | 綜合財務狀況表 | 45 | | 綜合權益變動表 | 47 | | 綜合現金流量表 | 48 | | 綜合財務報表附註 | 50 | | 五年財務概要 | 135 | 公司資料 董事 執行董事 陳始正先生 孫文峯先生 林珈莉女士 （於 ...

惠生國際控股有限公司（「本公司」）董事（「董 事」）會（「董事會」）欣然呈列本公司及其附屬 公司（統稱「本集團」）截至二零一九年六月三十日止六個月的未經審核簡明綜合中期財務 報表。此等簡明綜合中期財務報表未經審核，但已經由本公司審核委員會（「審核委員會」） 作出審閱。 簡明綜合損益及其他全面收益表 截至二零一九年六月三十日止六個月 截至六月三十日止六個月 惠生國際控股有限公司 2019中期報告 2019中期報告 惠生國際控股有限公司 2 | | | 於二零一九年 | 於二零一八年 | | --- | --- | --- | --- | | | | 六月三十日 | 十二月三十一日 | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） | （經審核） | | 流動負債 | | | | | 應計費用及其他應付款項 | | 34,760 | 36,911 | | 借款 | 12 | 17,576 | 22,690 | | 遞延收益 | | 25 | 25 | | 租賃負債 | | 157 | – | | | | 52,518 | 59,626 | | 分類為持作出售之負債 | 11 | 40 ...