香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 FUTURE MACHINE LIMITED 未來機器有限公司 （前稱為「Sprocomm Intelligence Limited」） （於開曼群島註冊成立之有限公司） （股份代號：1401） 延遲寄發有關建議按非包銷基準於記錄日期 每持有兩(2)股現有股份獲發一(1)股 供股股份的基準進行供股 的供股章程及經修訂時間表 茲 提 述 未 來 機 器 有 限 公 司（「本公司」）日 期 為 二 零 二 五 年 七 月 二 十 三 日 的 公 告， 內 容 有 關（其 中 包 括）建 議 按 合 資 格 股 東 於 記 錄 日 期 每 持 有 兩(2)股現有股份獲 發 一(1)股 供 股 股 份 的 基 準 進 行 供 股（「該公告」）。除 非 文 義 另 有 所 指，本 公 告 內 所 用 詞 彙 與 該 公 告 所 界 定 者 具 有 相 同 涵 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 未來機器有限公司 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) | 01401 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,0 ...

Financial Performance - For the year ended December 31, 2024, the Group reported revenue of RMB 2,917,434,000, an increase of 3.36% from RMB 2,822,921,000 in 2023[12] - Gross profit for the year was RMB 257,769,000, a decrease of 13.94% compared to RMB 299,588,000 in 2023[12] - Profit for the year attributable to owners of the Company was RMB 16,341,000, down 49.6% from RMB 32,369,000 in 2023[12] - Total assets as of December 31, 2024, were RMB 3,395,127,000, a decrease of 11.14% from RMB 3,822,154,000 in 2023[14] - Total liabilities decreased to RMB 3,028,593,000 from RMB 3,470,940,000 in 2023, reflecting a reduction of 12.74%[14] - The Group's equity attributable to owners increased to RMB 368,141,000 from RMB 352,085,000 in 2023, reflecting a growth of 4.1%[14] - Net profit after tax decreased by approximately 49.7% to RMB15.6 million for the year ended December 31, 2024, down from RMB31.0 million in 2023 due to reduced gross profit margin[24] - The group's overall gross profit margin decreased, impacting net profit, which fell by approximately 49.7% to RMB15.6 million for the year ended December 31, 2024, from RMB31.0 million for the year ended December 31, 2023[38] Revenue Breakdown - Total revenue for the Group reached approximately RMB2,917.4 million for the year ended 31 December 2024, an increase of approximately 3.3% from RMB2,822.9 million in 2023[24] - Revenue from China increased by 33.6% to RMB2,328.5 million for the year ended December 31, 2024, compared to RMB1,742.4 million in 2023[20] - Revenue from mobile phones decreased by 11.4% to RMB1,894.4 million for the year ended December 31, 2024, down from RMB2,137.7 million for the year ended December 31, 2023, primarily due to decreased smartphone sales to India and Pakistan[43] - Revenue from IoT related products increased by 70.0% to RMB822.7 million for the year ended December 31, 2024, up from RMB483.8 million for the year ended December 31, 2023, attributed to increased sales orders from major customers in China[45] - Revenue from India decreased by 57.7% to RMB365.2 million for the year ended December 31, 2024, down from RMB863.6 million for the year ended December 31, 2023, primarily due to reduced demand for smartphones[49] - The revenue contribution from smartphones dropped to 50.0% of total revenue in 2024, down from 64.3% in 2023[41] - The revenue contribution from IoT related products increased to 28.2% of total revenue in 2024, up from 17.1% in 2023[41] Market Focus and Strategy - The Group continues to focus on research and development, manufacturing, and sales of mobile phones and IoT-related products targeting emerging markets[18] - The Company aims to enhance its market position as a leading ODM mobile phone supplier in China[18] - Future strategies include expanding product offerings and enhancing technological capabilities to meet market demands[18] - The Group anticipates a compound annual growth rate of 13% in China's IoT spending over the next five years[22] - The Group plans to enhance its research and development capabilities and diversify its geographical locations to capture market opportunities[28] - The integration of artificial intelligence into smartphones and the rapid deployment of 5G networks are expected to drive demand for smartphones and IoT products[27] - The Group strategically accepted a reduced gross profit margin to secure future business opportunities from major customers[20] - The Group's focus on emerging markets is driven by high population and growing demand for mobile phones[34] Operational Efficiency and Management - The Company is committed to improving operational efficiency and exploring potential mergers and acquisitions to drive growth[18] - The Group recorded a negative cash flow from operating activities of RMB 27.1 million for the year ended 31 December 2024, compared to a positive cash flow of RMB 56.9 million in 2023[85][87] - The Group's total staff costs for the year ended December 31, 2024, amounted to RMB 188.8 million, an increase from RMB 145.0 million in 2023[109] - As of December 31, 2024, the Group had 1,414 employees, an increase from 1,328 employees as of December 31, 2023[109] - The Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2024[100] Corporate Governance - The company is committed to establishing good corporate governance practices to ensure transparency and accountability to shareholders[162] - The company has adopted a set of corporate governance practices that align with the Corporate Governance Code since November 13, 2019, and has complied with most provisions for the year ended December 31, 2024[168] - The roles of chairman and chief executive officer are currently held by Mr. Li Chengjun, which the board believes ensures consistent leadership and effective strategic planning[169] - The Board consists of six executive Directors and five independent non-executive Directors as of December 31, 2024[180] - The Company emphasizes the importance of separating the roles of Chairman and CEO, although currently, the same individual holds both positions[177] - The Board oversees the Group's business, strategic decisions, and performance, ensuring decisions are made in the best interests of the Company and its shareholders[188] Leadership and Experience - Mr. Li Chengjun, the CEO, has over 20 years of experience in the mobile communications industry, previously holding senior management positions at Huawei and SIM Technology[118] - Mr. Xiong Bin, the Vice Chairman, has over 15 years of experience in mobile communications, previously managing overseas sales at Amoi Electronics and SIM Technology[122] - Mr. Guo Qinglin, an executive director, has approximately 13 years of experience in the mobile communications industry, previously managing overseas sales at Amoi Electronics[125] - The executive team is composed of experienced professionals with backgrounds in finance, sales, and technology, enhancing the Group's market position[122] - The management team has a strong background in telecommunications and technology, which supports the company's strategic direction[130]

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 2,917,434 thousand, an increase of 3.4% from RMB 2,822,921 thousand in 2023[2] - Gross profit decreased to RMB 257,769 thousand, with a gross margin of 8.8%, down from RMB 299,588 thousand and a gross margin of 10.6% in the previous year[3] - Net profit for the year was RMB 15,609 thousand, a decline of 49.6% compared to RMB 31,016 thousand in 2023[3] - Basic and diluted earnings per share were RMB 1.63, down from RMB 3.24 in the prior year, representing a decrease of 49.7%[3] - The company reported a total comprehensive income of RMB 15,320 thousand, down from RMB 30,505 thousand in the previous year[3] - The group's net profit after tax decreased by approximately 49.7% from about RMB 31.0 million for the year ending December 31, 2023, to about RMB 15.6 million for the year ending December 31, 2024[49] Revenue Breakdown - Revenue from mobile phones decreased to RMB 1,894,440,000 from RMB 2,137,747,000, reflecting a decline of about 11.4%[18] - Revenue from IoT-related products increased significantly to RMB 822,713,000, up from RMB 483,801,000, marking a growth of approximately 70.1%[18] - Revenue from China increased to RMB 2,328,450,000 in 2024 from RMB 1,742,400,000 in 2023, representing a growth of 33.6%[22] - Revenue from Bangladesh decreased by 28.4% from RMB 74.6 million to RMB 53.4 million due to reduced smartphone sales orders from major customers[57] - Revenue from the United States increased from zero to RMB 73.8 million, attributed to strategic marketing efforts in the country[57] - Revenue from Algeria decreased by 44.3% from RMB 10.6 million to RMB 5.9 million, primarily due to reduced demand for smartphones[57] Assets and Liabilities - Total assets decreased to RMB 3,254,420 thousand from RMB 3,711,239 thousand in 2023, indicating a reduction of 12.3%[4] - Current liabilities decreased to RMB 2,967,829 thousand from RMB 3,438,461 thousand, a decline of 13.7%[4] - Total non-current assets (excluding deferred tax assets) rose to RMB 137,741,000 in 2024 from RMB 110,077,000 in 2023, an increase of 25.2%[22] - Trade receivables decreased to RMB 574,022,000 in 2024 from RMB 745,042,000 in 2023, a decline of 22.9%[36] - The group’s total inventory decreased to RMB 326,034,000 in 2024 from RMB 377,630,000 in 2023, a reduction of 13.6%[35] Expenses - Research and development expenses were RMB 141,885 thousand, slightly up from RMB 139,686 thousand in 2023[3] - The group’s total employee costs increased to RMB 188,753,000 in 2024 from RMB 144,969,000 in 2023, reflecting a rise of 30.2%[27] - Administrative expenses increased by 20.1% from RMB 63.8 million to RMB 76.6 million, primarily due to increased provisions for trade receivables and employee costs[62] - The group’s income tax expense decreased to RMB 4,732,000 in 2024 from RMB 8,931,000 in 2023, a decrease of 47.0%[25] Cash Flow and Financing - The group reported a cash flow from operating activities of RMB 27.1 million for the year ended December 31, 2024, down from RMB 56.9 million in the previous year[73] - The total amount of notes payable under supplier financing arrangements decreased from RMB 2,324,122 thousand in 2023 to RMB 2,153,157 thousand in 2024, a decrease of approximately 7.3%[43] - The group had fixed-rate borrowings of RMB 122.9 million and floating-rate borrowings of RMB 24.8 million as of December 31, 2024, compared to RMB 35.0 million and RMB 119.4 million respectively in the previous year[75] Corporate Governance - The company has adopted a set of corporate governance practices in compliance with the Listing Rules, with all directors confirming adherence to the standards as of December 31, 2024[93] - The Audit Committee, established on October 18, 2019, consists of four independent non-executive directors and has reviewed the financial statements for the year ending December 31, 2024[97] - The external auditor has confirmed that the financial data for the year ending December 31, 2024, aligns with the audited consolidated financial statements[98] Strategic Focus - The group aims to enhance R&D capabilities and diversify its product portfolio to maximize shareholder benefits[51] - The group plans to leverage artificial intelligence and rapidly deploy 5G networks to drive demand for smartphones and IoT products[51] - The group will focus on emerging markets with growing smartphone demand as a strategic priority[55] - The group anticipates challenges and opportunities in the ODM smartphone market in China and aims to solidify its market leadership[50] Shareholder Information - The group did not declare or recommend any dividends for the years ended December 31, 2024, and December 31, 2023[28] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website[100] - The annual report for the year ending December 31, 2024, will be sent to shareholders in due course[100]

Sprocomm Intelligence Limited (Incorporated in the Cayman Islands with limited liability 於 例 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (Stock Code 股份代號 :1401) mmm 2024 中報 INTERIM REPORT CONTENTS 目錄 Corporate Information 公司資料 2 業務回顧及前景 5 Business Review and Prospects 管理層討論及分析 7 Management Discussion and Analysis Condensed Consolidated Statement of Prot or Loss and 16 Other Comprehensive Income 簡明綜合損益及其他全面收益表 簡明綜合財務狀況表 18 Condensed Consolidated Statement of Financial Position 簡明綜合權益變動表 20 Condensed Consolidated Statement of ...

Financial Performance - Revenue for the six months ended June 30, 2024, reached RMB 1,256,912 thousand, a significant increase from RMB 806,946 thousand in the same period of 2023, representing a growth of 55.5%[1] - Gross profit for the same period was RMB 109,926 thousand, with a gross margin of 8.7%, down from a gross margin of 13.0% in 2023[2] - Net profit for the six months ended June 30, 2024, was RMB 9,222 thousand, compared to RMB 8,710 thousand in 2023, reflecting a year-on-year increase of 5.9%[2] - Other income and gains increased to RMB 40,978 thousand from RMB 31,383 thousand, marking a growth of 30.5%[2] - The company reported a total comprehensive income of RMB 9,299 thousand for the period, compared to RMB 7,825 thousand in the previous year, an increase of 18.9%[2] - The group reported a net profit of RMB 9,856,000 for the six months ended June 30, 2024, compared to RMB 9,511,000 in 2023, showing a slight increase of about 3.6%[18] - Total revenue increased by approximately 55.8% from RMB 806.9 million for the six months ended June 30, 2023, to RMB 1,256.9 million for the six months ended June 30, 2024[32] - Net profit for the six months ending June 30, 2024, was RMB 9.2 million, compared to RMB 8.7 million for the same period in 2023[44] Revenue Breakdown - Revenue from mobile phones reached RMB 799,590,000 in 2024, up from RMB 567,730,000 in 2023, indicating a growth of about 40.7%[9] - Revenue from IoT-related products increased to RMB 362,887,000 in 2024, compared to RMB 153,034,000 in 2023, marking a growth of approximately 137.3%[9] - The group's external customer revenue from China was RMB 976,650,000 in 2024, a substantial increase from RMB 354,891,000 in 2023, reflecting a growth of around 175.5%[13] - Smartphone revenue rose by 40.8% from RMB 567.7 million to RMB 799.6 million, primarily due to increased sales in China and the United States, despite a decrease in India[32] - Internet of Things (IoT) related product revenue surged 1.4 times from RMB 153.0 million to RMB 362.9 million, driven by increased sales orders from major customers in China[33] - Revenue from China increased 1.8 times from RMB 354.9 million to RMB 976.7 million, attributed to higher sales orders for smartphones and IoT products[34] - Revenue from India decreased by 51.8% from RMB 381.1 million to RMB 183.8 million, mainly due to reduced demand for smartphones[35] Expenses and Costs - Research and development expenses decreased to RMB 60,167 thousand from RMB 65,555 thousand, indicating a reduction of 8.5%[2] - The total employee costs for the period were RMB 93,984,000, up from RMB 71,008,000 in 2023, representing an increase of approximately 32.3%[16] - Sales expenses rose by 5.0% from RMB 23.9 million to RMB 25.1 million for the six months ending June 30, 2024, mainly due to increased marketing expenses to strengthen the customer base[39] - Administrative and other expenses increased by 35.5% from RMB 23.4 million to RMB 31.7 million for the six months ending June 30, 2024, primarily due to an increase in employee numbers and severance costs[40] - R&D expenses decreased by 8.2% from RMB 65.6 million to RMB 60.2 million for the six months ending June 30, 2024, mainly due to a reduction in the number of R&D projects and material costs[41] - Financing costs surged 1.7 times from RMB 7.6 million to RMB 20.8 million for the six months ending June 30, 2024, primarily due to increased interest on discounted bills and factoring loans[42] - Income tax expenses decreased by 40.3% from RMB 6.7 million to RMB 4.0 million for the six months ending June 30, 2024, mainly due to a reduction in taxable profits, with an effective tax rate of 30.0%[43] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 2,800,759 thousand, down from RMB 3,711,239 thousand at the end of 2023[3] - Current liabilities decreased to RMB 2,516,803 thousand from RMB 3,438,461 thousand, showing a reduction of 26.8%[3] - Trade receivables and notes receivable totaled approximately RMB 489.3 million as of June 30, 2024, down from RMB 808.8 million as of December 31, 2023, representing a decrease of about 39.4%[21] - The company reported trade payables and notes payable of RMB 2,257.975 million as of June 30, 2024, a decrease from RMB 3,158.712 million as of December 31, 2023, indicating a reduction of approximately 28.5%[25] - The total amount of trade receivables and notes receivable generated from customer contracts was approximately RMB 492.7 million as of June 30, 2024, compared to RMB 814.7 million as of December 31, 2023, reflecting a decrease of about 39.5%[21] - As of June 30, 2024, the group's net current assets amounted to RMB 284.0 million, an increase from RMB 272.8 million as of December 31, 2023[50] - Cash and cash equivalents were RMB 29.7 million as of June 30, 2024, down from RMB 68.0 million as of December 31, 2023[50] - The group's current ratio was 1.1 as of June 30, 2024, compared to 1.2 as of December 31, 2023[50] - Total borrowings were RMB 135.6 million as of June 30, 2024, a decrease from RMB 154.4 million as of December 31, 2023[50] Shareholder Information - As of June 30, 2024, the company has major shareholders holding significant stakes: Li Chengjun holds 369,967,204 shares (37.0%) and Xiong Bin holds 305,032,256 shares (30.5%) in the company[60] - JZ Capital Limited, controlled by Gao Xuanting, holds 65,000,540 shares, representing 6.5% of the company[63] - The company has not disclosed any interests or positions in competitive businesses by directors or major shareholders as of June 30, 2024[67] - Li Chengjun and Xiong Bin are also recognized as beneficial owners through family trusts, holding 100% interests in their respective companies[61] - The company has not established any arrangements that would allow directors to benefit from purchasing shares or bonds of the company[62] - No significant changes in shareholding percentages were reported for the major shareholders as of June 30, 2024[63] Corporate Governance - The company has complied with the corporate governance code since the listing date, except for the separation of roles between the Chairman and CEO[73] - The audit committee has reviewed the interim results for the six months ending June 30, 2024, and discussed relevant financial matters with the board[71] - The company has adopted the standard code of conduct for directors' securities transactions and confirmed compliance as of June 30, 2024[72] Future Outlook - The company plans to cautiously develop its business and gradually increase production capacity to enhance R&D capabilities and diversify its product offerings[30] - The company aims to strengthen its marketing efforts to capture potential market opportunities in the rapidly evolving 5G telecommunications landscape[30] - The company is focusing on expanding its presence in emerging markets with growing smartphone demand[34] Miscellaneous - The group did not declare or recommend any dividends for the periods ended June 30, 2024, and 2023[17] - The group had no significant contingent liabilities or guarantees as of June 30, 2024[53] - The group had no major acquisitions or disposals of subsidiaries or joint ventures during the reporting period[55] - The group had no significant future plans for major investments or capital assets as of June 30, 2024[57] - The company has adopted a share option plan effective from October 18, 2019, with a maximum limit of 10% of the issued shares at the time of listing, equating to 100,000,000 shares[68] - As of June 30, 2024, no share options have been granted, exercised, cancelled, or lapsed within the six-month period[70] - The company maintains a public float of no less than 25% of the issued shares as of June 30, 2024[74] - There have been no significant events affecting the group after the reporting period[74] - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website[74]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $150 million for the fiscal year, representing a 25% growth compared to the previous year[23] - The company has set a revenue guidance of $180 million for the next fiscal year, indicating a projected growth of 20%[23] - New product launches are expected to contribute an additional $20 million in revenue, with a focus on IoT-related products[23] User Growth - User data showed a 30% increase in active users, reaching 1.2 million by the end of the year[23] Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[23] Research and Development - Research and development expenses increased by 10%, totaling $15 million, to support innovation in mobile technology[23] Acquisitions and Partnerships - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of $50 million allocated for this purpose[23] - A new strategic partnership has been established with a leading tech firm to co-develop advanced mobile solutions, expected to launch in Q3 2024[23] Operational Efficiency - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization initiatives[23] Sustainability Initiatives - Sustainability initiatives are being prioritized, with a commitment to reduce carbon emissions by 30% over the next five years[23] - The Group has implemented strategies to use resources more efficiently and reduce emissions to combat climate change[120] - The Group anticipates stricter climate legislations and regulations, which may increase capital investment and compliance costs[123] Board Diversity and Governance - The Board consists of eight members, including one female director, achieving the diversity target as per the Board Diversity Policy[45] - Four out of the eight directors are independent non-executive directors, exceeding the requirement of at least one-third as per the Listing Rules[56] - The Company has adopted a Board Diversity Policy to enhance the effectiveness of the Board by ensuring a balance of skills, experience, and perspectives[43] - The Nomination Committee reviews the Board Diversity Policy annually to ensure its effectiveness and recommends suitable candidates for Board appointments[60] - The Board is collectively responsible for promoting the success of the Company by directing and supervising its affairs[53] - The Company aims to maintain a diverse Board by considering various factors such as professional experience, skills, and cultural background during appointments[61] Employee Statistics - As of December 31, 2023, the employee turnover rate for males aged 30 or below was 41.9%, while for females it was 42.3%, resulting in an overall turnover rate of 42.1%[94] - The Group maintains a gender balance in its workforce, with 47% male and 53% female employees as of December 31, 2023[99] - The Group's employee distribution by age group shows that 47% are aged 30 or below, 37% are aged 31-40, 15% are aged 41-50, and only 1% are above 50[102] Employee Welfare and Compliance - The Group provides equal opportunities for employees in recruitment, job advancement, training, and development, ensuring no discrimination based on various factors[76] - The remuneration package for employees includes salary, bonuses, and other subsidies, with annual performance reviews influencing salary raises and promotions[100] - The Group has maintained social insurance for its employees in accordance with applicable PRC laws, covering retirement, medical, work-related injury, maternity, and unemployment benefits[101] - The Group did not employ any child or forced labor, ensuring all job applicants are at least 18 years old[106] Safety and Health - The Group has not experienced any material safety accidents or penalties for non-compliance with work safety laws during the year ended December 31, 2023[78] - The Group's occupational health and safety data reported no work-related fatalities or significant injury cases for the year[115] Corporate Governance - The Audit Committee consists of three independent non-executive Directors, ensuring effective financial reporting and compliance with Listing Rules[72] - The Nomination Committee has formulated a Nomination Policy to ensure a diverse and skilled Board composition[83] - The Board will hold at least four regular meetings each financial year to ensure effective governance[69] - The Group's corporate governance policy focuses on high standards of business ethics and compliance with applicable laws and regulations[142] - The Group's shareholder communication policy ensures that shareholders' views and concerns are appropriately addressed and is regularly reviewed for effectiveness[186] Risk Management - The Board emphasizes the importance of risk management and internal controls, acknowledging its overall responsibility for the effectiveness of these systems[151] - The Group's risk management processes include regular identification, assessment, prioritization, and monitoring of risks, ensuring appropriate internal control processes are in place[176] - The Board evaluates the nature and extent of risks it is willing to accept while achieving strategic business objectives[199] Internal Controls - The Group engaged an independent internal control reviewer to assess the effectiveness of its risk management and internal control systems for the year ended 31 December 2023, with no material internal control deficiencies identified[177] - The Group does not have an internal audit function, as the Board believes it has sufficient capability to oversee the design and implementation of risk management and internal control systems[200] Dividend Policy - The Group has adopted a dividend policy aimed at ensuring sustainable business operations and favorable returns to shareholders[112] - The Group's dividend policy is discretionary and based on earnings, cash flows, and financial conditions, with no guarantee of specific dividend amounts[131] - The Board will review the dividend policy periodically and may amend it as deemed necessary, without constituting a legally binding commitment to pay dividends[156] Auditor Information - The remuneration paid to Moore CPA Limited for audit services during the year ended December 31, 2023, was RMB 1,193,000[146] - The Company appointed Moore CPA Limited as its auditor for the year ended 31 December 2023, with no disagreements reported between the Board and the Audit Committee regarding the auditor's selection[166] Employee Communication and Development - The Group provided comprehensive training and development opportunities to employees, tailored to their needs identified annually[115] - The Group regularly communicates with employees through meetings and training to improve work environment and employee relations[147] - Continuous professional development programs for Directors were arranged to ensure their contributions to the Board remain informed and relevant[143] - The Company confirmed that all directors participated in continuous professional development training, ensuring they are updated on new rules and regulations[163]

Financial Performance - The company recorded revenue of approximately RMB 2,822.9 million for the year ended December 31, 2023, an increase of about 94.6% compared to approximately RMB 1,450.4 million for the year ended December 31, 2022[17]. - The net profit after tax increased approximately 3.8 times to about RMB 31.0 million for the year ended December 31, 2023, up from approximately RMB 6.4 million for the year ended December 31, 2022[17]. - Total revenue for the year ended December 31, 2023, was RMB 2,822,921 thousand, an increase of 94.5% from RMB 1,450,377 thousand in 2022[43]. - Gross profit for the same period was RMB 299,588 thousand, with a gross margin of 10.6%, down from 14.0% in the previous year[43]. - Net profit for the year was RMB 31,016 thousand, compared to RMB 6,361 thousand in 2022, representing a significant increase[43]. - The company reported a total comprehensive income of RMB 30,505,000 for 2023, compared to RMB 4,175,000 in 2022, marking a growth of 629.5%[45]. - The company reported a basic and diluted earnings per share of RMB 3.24 for the year ended December 31, 2023, compared to RMB 0.65 in 2022[43]. Revenue Breakdown - Revenue from printed circuit board assembly increased by 93.1% to RMB 55.6 million, driven by higher customer orders[24]. - Revenue from mobile phones increased by 107.6% from RMB 1,029.8 million for the year ended December 31, 2022, to RMB 2,137.7 million for the year ended December 31, 2023, mainly due to increased sales in China and India[124]. - Revenue from IoT-related products increased by 63.2% from RMB 296.5 million for the year ended December 31, 2022, to RMB 483.8 million for the year ended December 31, 2023, primarily due to increased sales orders from two major customers in China[125]. - Revenue from China alone surged to RMB 1,742,400 thousand in 2023, up from RMB 509,101 thousand in 2022, marking a growth of 242.5%[82]. - Revenue from India grew by 14.0%, increasing from RMB 757.8 million in 2022 to RMB 863.6 million in 2023, attributed to rising smartphone demand[103]. - Revenue from Pakistan rose from zero in 2022 to RMB 131.8 million in 2023, mainly due to enhanced marketing efforts and expanded sales territories[104]. Expenses and Liabilities - Administrative expenses remained relatively stable at RMB 64.3 million for the year ended December 31, 2023, compared to RMB 64.9 million for the year ended December 31, 2022[18]. - The total employee costs for the year amounted to RMB 144,969 thousand, slightly up from RMB 141,543 thousand in the previous year[86]. - The total tax expense for 2023 was RMB 8,931 thousand, significantly higher than RMB 3,464 thousand in 2022[85]. - Financing costs increased by 96.1% from RMB 18.3 million for the year ended December 31, 2022, to RMB 35.8 million for the year ended December 31, 2023, primarily due to increased interest on bank acceptance notes and factoring loans[133]. - The company’s total liabilities included current liabilities of RMB 5,890 million and non-current liabilities of RMB 2,425 million as of the reporting date[20]. Assets and Cash Flow - The company’s cash and cash equivalents stood at RMB 67,951,000 in 2023, compared to no cash reported in 2022[46]. - The total amount of trade receivables and notes receivable as of December 31, 2023, was approximately RMB 814.7 million, significantly up from RMB 194.2 million in 2022[105]. - The group recorded operating cash flow of RMB 1,573.1 million, an increase from RMB 555.9 million for the year ended December 31, 2022[139]. - The group’s net current assets as of December 31, 2023, amounted to RMB 272.8 million, up from RMB 225.7 million as of December 31, 2022[140]. - Trade receivables and notes receivable totaled RMB 808,830,000 in 2023, a significant rise from RMB 191,704,000 in 2022[46]. Stock Options and Corporate Governance - The company had a total of 75,100,000 and 100,000,000 stock options granted as of January 1, 2023, and December 31, 2023, respectively[1]. - The stock option plan allows for a maximum of 10% of the total issued shares, equivalent to 100,000,000 shares[172]. - The expected volatility for the stock options is set at 53.00%[175]. - The exercise price for the stock options is fixed at HKD 0.51[175]. - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with the corporate governance code[179]. - The company has adopted a set of corporate governance standards in compliance with the listing rules, adhering to the corporate governance code as of December 31, 2023[177]. Future Plans and Market Strategy - The company plans to continue expanding its product offerings in smart devices and IoT-related products[36]. - The company aims to enhance R&D capabilities and diversify its product offerings to maximize shareholder value amid challenges and opportunities in the ODM smartphone market[99]. - The company plans to leverage the rapid rollout of 5G networks globally to drive demand for smartphones and IoT products[99].

二零二二年 四月十四日 六月三十日 (440,000) HK$0.51 14 April 2020 to 30 June 2023 二零二零车 二零二三年 七月一日至 六月三十日 (1,100,000) 23,800,000 - During the six months ended 30 June 2023, the Company did not grant share options and no share options were exercised and 1,100,000 share options lapsed. Details of the Company's share options from 1 January 2023 to 30 June 2023 are as follows: 载至二零二三年六月三十日止六個 月 · 本公司並無授出購股權 · 概 無 購股權獲行使及1,100,000 份購股權 失效。二零二三年一月一日至二零 二三年六月三十日的本公司購股權 的詳情載列如下 : (ii) Valuation of share options 二零二三年中期業績報告 Sprocom ...

Revenue Performance - Revenue for the six months ended June 30, 2023, was RMB 806,946 thousand, a decrease of 11.3% compared to RMB 909,282 thousand for the same period in 2022[26]. - Revenue from mobile phones was RMB 567,730 thousand, down 16.1% from RMB 676,490 thousand in the previous year[26]. - Revenue from IoT-related products was RMB 153,034 thousand, a decrease of 6.5% compared to RMB 163,804 thousand in the same period last year[26]. - Revenue from Pakistan increased 360% to RMB 33,700 thousand, driven by higher demand for smartphones[52]. - Revenue from Bangladesh decreased by 63.1% to RMB 29,300 thousand, primarily due to reduced orders from a major customer[53]. - Revenue from external customers in China reached RMB 354.9 million for the six months ended June 30, 2023, compared to RMB 286.7 million in 2022, reflecting a growth of 23.7%[107]. - Revenue from India decreased to RMB 381.1 million in the first half of 2023, down from RMB 511.5 million in the same period of 2022[107]. - Revenue from India decreased by 25.5% from RMB 511.5 million to RMB 381.1 million due to reduced demand for smartphones from major customers[116]. - Revenue from printed circuit board assembly increased from RMB 9.9 million to RMB 55.6 million, primarily due to increased demand in China[153]. - The group’s revenue from smartphone sales and IoT products remains the primary source of income, with detailed revenue breakdowns provided in the report[109]. Profitability - Gross profit for the same period was RMB 104,504 thousand, with a gross margin of 13.0%, compared to RMB 113,869 thousand and a gross margin of 12.5% in 2022[33]. - Net profit increased to RMB 8,710 thousand, up 11.9% from RMB 7,782 thousand in the previous year[35]. - The company reported a pre-tax profit of RMB 15,431 thousand, an increase from RMB 12,484 thousand in the previous year[35]. - Basic and diluted earnings per share for the period were RMB 0.95, compared to RMB 0.79 in the previous year[35]. - Net profit increased by approximately 11.5% from RMB 7.8 million for the six months ended June 30, 2022, to RMB 8.7 million for the six months ended June 30, 2023[141]. Expenses and Costs - Research and development expenses increased by 9.3% to RMB 65,555 thousand, up from RMB 60,024 thousand in the prior year, mainly due to higher employee costs and material expenses[57]. - Sales expenses increased by 13.3% to RMB 23.9 million, primarily due to increased marketing expenses to strengthen the customer base[158]. - Administrative and other expenses decreased by 23.8% to RMB 23.4 million for the six months ended June 30, 2023, compared to RMB 30.7 million for the same period in 2022, primarily due to reductions in office rent and severance costs[162]. - Income tax expense increased by 42.6% from RMB 4.7 million for the six months ended June 30, 2022, to RMB 6.7 million for the six months ended June 30, 2023, mainly due to an increase in taxable profits[164]. - The effective tax rate for the six months ended June 30, 2023, was 43.6%, up from 37.7% for the same period in 2022[164]. - Financing costs decreased by 33.9% from RMB 11.5 million for the six months ended June 30, 2022, to RMB 7.6 million for the six months ended June 30, 2023, primarily due to reduced interest on discounted bills and factoring loans[167]. Assets and Liabilities - The net asset value increased to RMB 328,534 thousand from RMB 320,709 thousand, reflecting a growth of 2.6%[5]. - Cash and bank balances rose to RMB 61,596 thousand, up from RMB 36,635 thousand, indicating a significant increase of 68.0%[7]. - Trade receivables and bills receivable amounted to RMB 571,614 thousand, compared to RMB 191,704 thousand, showing a substantial increase of 198.5%[2]. - The company reported a decrease in contract liabilities to RMB 22,144 thousand from RMB 30,251 thousand, a reduction of 26.9%[30]. - The total equity attributable to owners of the company was RMB 328,832 thousand, up from RMB 320,222 thousand, representing an increase of 2.0%[5]. - As of June 30, 2023, the group's net current assets amounted to RMB 227.1 million, an increase from RMB 225.7 million as of December 31, 2022[65]. - The group's cash and cash equivalents reached RMB 61.6 million, up from RMB 36.6 million as of December 31, 2022[65]. - Trade receivables and notes receivable totaled approximately RMB 574,841 thousand, up from RMB 194,209 thousand in the previous period[129]. - Trade payables and notes payable reached RMB 827,302 thousand, down from RMB 940,627 thousand in the previous period[133]. Financial Management and Strategy - The company has not adopted any new accounting standards or interpretations that have not yet come into effect during the reporting period[27]. - The company maintained a strong credit assessment process, with 96.8% of trade receivables due within 90 days as of June 30, 2023[63]. - The company has established a financial risk management policy to ensure all payables are settled within the credit period[138]. - The average credit period for procurement of goods ranges from 30 to 60 days[138]. - The group is considering potential investment opportunities to enhance shareholder value[86]. - The group plans to invest more resources in R&D to enhance mobile and IoT product offerings[86]. - The group aims to enhance R&D capabilities and diversify its product offerings to capture potential market opportunities[145]. - The company has established an investment agreement to set up an R&D headquarters for smart devices in the Lingang New Area, with a fixed asset investment of no less than RMB 120 million (approximately HKD 142 million)[91]. Market Conditions and Risks - The company anticipates challenges and opportunities in the ODM smartphone market due to the rapid rollout of 5G networks globally[112]. - The group faced foreign exchange risks due to a significant portion of its sales being denominated in USD, with no hedging instruments in place as of June 30, 2023[96]. - The group continues to focus on developing new products and acquiring new customers to improve financial performance amid economic challenges[141]. - The group has no significant contingent liabilities or guarantees as of June 30, 2023[75]. - The group has no capital commitments as of June 30, 2023, compared to RMB 1.7 million as of December 31, 2022[74]. - The group has pledged trade receivables and bank deposits valued at RMB 32.1 million and RMB 317.3 million, respectively, to secure loans[82]. Employee and Shareholder Information - The total employee cost for the group was RMB 71.0 million for the six months ended June 30, 2023, slightly down from RMB 72.7 million in 2022[97]. - The group employed approximately 1,019 employees as of June 30, 2023, an increase from 890 employees on December 31, 2022[97]. - The company has no plans to declare any dividends as of the reporting date[114]. - The company does not recommend the payment of dividends for the six months ended June 30, 2023, consistent with the previous year[165]. - The total number of shares available for issuance under the share option scheme was 23,800,000, representing 2.38% of the total issued shares[180]. - As of June 30, 2023, the company did not issue any share options, and 1,100,000 share options expired[200]. - The total number of unexercised share options as of June 30, 2023, is 23,800,000[198]. - The company has a share option plan that allows for a maximum of 10% of the issued shares to be granted under the plan, equating to 100,000,000 shares[189].