Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 28,973,000, a decrease of 0.6% compared to RMB 29,150,000 in 2021[2] - Gross profit for the same period was RMB 24,407,000, reflecting a slight increase of 0.3% from RMB 24,339,000 in 2021, with a gross margin of 84.2%[2] - Net profit for the six months ended June 30, 2022, was RMB 13,179,000, down 45.6% from RMB 24,246,000 in 2021, resulting in a net profit margin of 45.5%[2] - Basic and diluted earnings per share for the period were RMB 0.16, a decrease of 46.7% compared to RMB 0.30 in the previous year[2] - Profit before tax for the six months ended June 30, 2022, was RMB 16,230,000, a decrease of 49.9% from RMB 32,330,000 in the same period of 2021[31] - The company reported a fair value loss of RMB 819,000 on investment properties for the period, compared to a fair value gain of RMB 5,336,000 in the previous year[34] - The net profit for the six months ended June 30, 2022, decreased by approximately 45.6% to about RMB 13.2 million, with a net profit margin dropping from approximately 83.2% to 45.5%[80] Dividends and Shareholder Returns - The company has resolved not to declare an interim dividend for the six months ended June 30, 2022[2] - The company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[37] - The company approved and paid a final dividend of RMB 0.32 per share for the fiscal year ending June 30, 2022, totaling RMB 25,600,000[38] - The company does not plan to distribute an interim dividend for the six months ended June 30, 2022, compared to no dividend in 2021[101] Assets and Liabilities - Total current assets as of June 30, 2022, amounted to RMB 222,693,000, compared to RMB 213,884,000 as of December 31, 2021[7] - Total current liabilities increased to RMB 272,712,000 from RMB 225,056,000 as of December 31, 2021[7] - The net current liabilities as of June 30, 2022, were RMB 50,019,000, compared to RMB 11,172,000 in the previous year[7] - Non-current assets totaled RMB 1,049,908,000 as of June 30, 2022, up from RMB 1,025,227,000 as of December 31, 2021[8] - The company reported contract liabilities of RMB 180,339,000 as of June 30, 2022, an increase from RMB 95,786,000 as of December 31, 2021[48] - The company had capital commitments of RMB 22,806,000 as of June 30, 2022, down from RMB 102,406,000 as of December 31, 2021[49] Revenue Sources - Total revenue for the six months ended June 30, 2022, was RMB 28,973,000, a decrease of 0.6% from RMB 29,150,000 for the same period in 2021[21] - Rental income for the period was RMB 27,986,000, down from RMB 28,089,000 in the previous year, reflecting a decline of 0.4%[21] - Interest income from bank deposits increased to RMB 472,000, compared to RMB 164,000 in the same period last year, representing a growth of 187.8%[26] Operational Developments - The company is developing a new innovation park with an estimated investment of RMB 330.0 million, covering a construction area of approximately 116,000 square meters[67] - The innovation park aims to provide units for manufacturing purposes, contrasting with the trading center's focus on retail and product promotion[67] - The company is implementing a digital economy strategy to enhance industry digital transformation and create a digital platform for the tool industry[64] - The company has initiated training programs to support tenants in adapting to e-commerce and digital sales strategies[64] - The trading center is collaborating with local government to operate a supply-demand platform, enhancing the industrial ecosystem in the advanced manufacturing sector[59] Employee and Governance - As of June 30, 2022, the group employed 37 staff members, an increase from 27 staff members as of December 31, 2021, with total employee costs amounting to approximately RMB 1.6 million, reflecting a 5.1% increase year-on-year[94] - The board of directors has confirmed compliance with corporate governance codes and will review governance policies annually[104] Economic Context - The company noted a 2.5% year-on-year growth in China's GDP for the first half of 2022, indicating a stable economic recovery[51] - The metal cutting machine tool production in China reached 602,000 units in 2021, a year-on-year increase of 34.98%[52] - The company is positioned to benefit from the ongoing upgrades and demand in the machine tool industry, driven by supportive government policies[54]

Financial Performance - For the year ended December 31, 2021, the company's revenue was RMB 57.205 million, an increase of approximately 22.3% compared to RMB 46.743 million in 2020[23]. - The gross profit for 2021 was RMB 47.267 million, reflecting a gross margin of 82.6%, compared to 80.5% in 2020[23]. - The net profit for the year was RMB 47.317 million, resulting in a net profit margin of 82.7%, up from 60.1% in the previous year[23]. - Revenue for the fiscal year reached $500 million, representing a 15% increase compared to the previous year[42]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[42]. - The basic and diluted earnings per share for 2021 were RMB 0.59, compared to RMB 0.47 in 2020[23]. - Total revenue increased by approximately 22.4% from about RMB 46.7 million for the year ended December 31, 2020, to about RMB 57.2 million for the year ended December 31, 2021, primarily due to rent adjustments and lower rent refunds related to COVID-19[83]. - Gross profit rose by approximately 25.6% from about RMB 37.6 million for the year ended December 31, 2020, to about RMB 47.3 million for the year ended December 31, 2021, with gross margin increasing from approximately 80.5% to 82.6%[85]. - Net profit for the year increased by approximately 68.5% from approximately RMB 28.1 million for the year ended December 31, 2020, to approximately RMB 47.3 million for the year ended December 31, 2021, with a net profit margin rising from approximately 60.1% to approximately 82.7%[92]. Property Leasing and Occupancy - The rental income from the property leasing business reached RMB 54.8 million, representing a growth of approximately 25.0% year-on-year[28]. - As of December 31, 2021, the occupancy rate of the Zhejiang Wenling Measuring and Cutting Tools Trading Centre was approximately 98.18%, slightly down from 99.4% in the previous year[28]. - The trading center's total value as of December 31, 2021, was RMB 866.0 million, an increase from RMB 851.0 million in 2020[64]. - The total leased area of the trading center as of December 31, 2021, was 25,474.8 square meters, with an occupancy rate of 98.18%[70]. - The occupancy rate of the e-commerce park on the third floor reached 100.0% after successfully renewing all 110 units in the public tender held in July 2021[65]. - The company operates a four-story trading center with a total building area of approximately 74,204.7 square meters, of which about 71,817.5 square meters is leased to tenants[64]. - The company has a total of 595 tenants as of December 31, 2021, compared to 610 tenants in 2020[64]. Innovation and Development - The first phase of the Tool and Die Innovation Park was completed by December 31, 2021, and is expected to officially start operations in 2022[31]. - The company plans to continue the development of the second phase of the Innovation Park, aiming to create a comprehensive industrial cluster for research, production, and services[31]. - The Tool and Die Innovation Park will serve as an integrated service platform, including a material inspection center and a tool testing center, to enhance traditional industry transformation[29]. - The company aims to attract talent and establish long-term cooperation with academic institutions to enhance the tool and die industry[29]. - The Innovation Park project is expected to become a growth engine for future business expansion[31]. - The company plans to invest approximately RMB 330.0 million in the construction of the Innovation Park, which will cover an area of about 116,000 square meters, including approximately 78,000 square meters of factory space[75]. Market Strategy and Expansion - The company aims to leverage smart manufacturing and digital economy trends to drive market upgrades and industry transformation[28]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[42]. - A strategic acquisition is in progress, which is anticipated to enhance the company's product offerings and increase market competitiveness[42]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[42]. Financial Management and Shareholder Returns - The board of directors has approved a dividend payout of $0.50 per share, reflecting a commitment to returning value to shareholders[42]. - The company reported a profit available for distribution to shareholders of approximately RMB 71 million for the year ended December 31, 2021, with a proposed final dividend of RMB 0.32 per share[123]. - The company has adopted a dividend policy aimed at allowing shareholders to share in profits while retaining sufficient reserves for future development[129]. - The company has not specified a fixed dividend payout ratio, and the declaration and payment of dividends will be decided at the board's discretion based on various factors[130]. - The company plans to distribute the final dividend to shareholders on June 27, 2022, with a withholding tax rate of 10% for non-resident corporate shareholders[124]. Governance and Compliance - The company has complied with corporate governance codes as detailed in the annual report[156]. - The board retains the authority to update or amend the dividend policy at any time, without creating a legal obligation for future dividends[132]. - The independent non-executive directors confirmed their independence in accordance with the listing rules[185]. - The supervisory board expressed satisfaction with the company's operational performance and economic benefits for the year 2021, and confidence in future development prospects[194]. - The company has adhered to the corporate governance code and will continue to review its governance practices to meet regulatory requirements and shareholder expectations[197]. Risks and Challenges - The company faces risks related to property leasing, including declining investment property valuation and limited revenue growth, which could impact profitability[115]. - The cyclical nature of the real estate and manufacturing industries, along with macroeconomic conditions in China, may adversely affect the company's operational performance[116]. - The company’s ability to expand operations in Zhejiang Province is subject to various uncontrollable factors, including macroeconomic conditions and credit supply from lending institutions[118]. Share Capital and Ownership Structure - The total share capital structure as of December 31, 2021, includes 60 million domestic shares (75%) and 20 million H shares (25%), totaling 80 million shares[134]. - The major shareholder, Wenzhou Market Group Co., Ltd., held 58,200,000 shares, representing 72.75% of the total share capital[159]. - The company is controlled by a group of shareholders that collectively exercise 72.75% voting rights at the shareholders' meeting[171]. - The total share capital structure indicates a concentrated ownership model, which may impact corporate governance and strategic decisions[171]. - The company’s governance is influenced by the local government and cooperative societies, which hold substantial shares and voting rights[171].

温嶺浙江工量刃具交易中心股份有限公司 Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited* (於中華人民共和國註晉成立的股份有限公司) 股份代號：1379 02 中期報告 * 僅供藏別 非財務 目 錄 1 温嶺浙江工量刃具交易中心股份有限公司 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 財務摘要 | 4 | | 管理層討論及分析 | 5 | | 其他資料 | 14 | | 綜合損益及其他全面收益表 | 22 | | 綜合財務狀況表 | 23 | | 綜合權益變動表 | 25 | | 簡明綜合現金流量表 | 26 | | 未經審核中期財務報告附註 | 27 | 公司資料 | --- | --- | |------------------------------------|------------------------------------------------------------------------ ...

温嶺浙江工量刃具交易中心股份有限公司 Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited* (於中華人民共和國註冊成立的股份有限公司) 股份代號：1379 2020 年報 * 僅供識別 目 | --- | --- | |--------------------------------------------------|-------| | | | | 公司資料 | 2 | | 四 年 財 務 摘 要 | 4 | | 主 席 報 告 | 5 | | 童 事、監 事 及 高 级 管 理 人 員 的 履 歷 詳 情 | 7 | | 管 理 層 討 論 及 分 析 | 13 | | 董 事 會 報 告 | 2 1 | | 監事會報告 | 33 | | 企 業 管 治 報 告 | 34 | | 環 境、社 會 及 管 治 報 告 | 47 | | 獨立核數師報告 | 60 | | 綜 合 損 益 及 其 他 全 面 收 益 表 | 66 | | 綜 合 財 務 狀 況 表 | 67 | | 綜 合 權 益 變 動 表 ...