巨匠建設集團股份有限公司 Jujiang Construction Group Co., Ltd. ( 於中華人民共和國註冊成立的股份有限公司 ) 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，並明確表示概不就因本公佈全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 - 1 - 本公司仍在落實本公司於本期間之未經審核綜合中期業績。本公佈所載資料僅基於董 事會經參考本公司於本期間最新之未經審核綜合管理賬目及目前可得資料所作出之初 步評估而作出，有關報表及資料並未經本公司核數師或本公司審核委員會證實、審閱 或審核，並可能會作出調整。本集團於本期間的實際財務業績可能與本公佈所披露的 有所不同。 建議本公司股東及潛在投資者仔細閱讀本集團預計於 2025 年 8 月 20 日刊 發的本期間中期業績公佈。 本公司股東及潛在投資者在買賣本公司股份時務請審慎行事。 承董事會命 巨匠建設集團股份有限公司 董事長 呂耀能先生 中國，浙江省，2025 年 8 月 7 日 於本公佈日期，本公司董事會包括執行董事呂耀能先生、呂達忠先生、李錦燕先生、 ...

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。 巨匠建設集團股份有限公司 Jujiang Construction Group Co., Ltd. ( 於中華人民共和國註冊成立的股份有限公司 ) (股份代號: 1459) 董事會會議通告 巨匠建設集團股份有限公司（「本公司」）之董事會（「董事會」）謹此宣佈 ，本公司將於 2025 年 8 月 20 日（星期三）舉行董事會會議，其中議程包括審議及批准本公司及其附屬 公司截至 2025 年 6 月 30 日六個月止之未經審計的中期業績及其發佈，以及考慮派發中期 股息（如有）。 承董事會命 巨匠建設集團股份有限公司 呂耀能先生 董事長 中國，浙江省，2025 年 8 月 7 日 於本公告日期，本公司董事會包括執行董事呂耀能先生、呂達忠先生、李錦燕先生、陸志城先生、沈 海泉先生及鄭剛先生；獨立非執行董事馬濤先生、汪興龍先生及林菲萃女士。 ...

Financial Performance - For the year ended December 31, 2024, the company's revenue was approximately RMB 6,780.7 million, a decrease of 18.5% year-on-year, while net profit was approximately RMB 13.7 million, an increase of 14.1% year-on-year[14]. - The gross profit margin for 2024 was 4.09%, slightly down from 4.14% in 2023[11]. - In 2024, the total revenue of the company was approximately RMB 6,780.7 million, representing a year-on-year decrease of about 18.5%[42]. - The net profit for the year was approximately RMB 13.7 million, showing an increase of about 14.1% compared to the previous year[42]. - Gross profit decreased by approximately 19.4% from RMB 344.1 million in 2023 to approximately RMB 277.5 million in 2024, with a gross margin slightly declining from 4.14% to 4.09%[55]. - Other income and gains increased by approximately 23.9% from RMB 17.8 million in 2023 to approximately RMB 22.1 million in 2024, primarily due to fair value gains on financial assets[56]. - Administrative expenses decreased by approximately 10.8% from RMB 173.0 million in 2023 to approximately RMB 154.2 million in 2024, reflecting effective cost control measures[57]. - Net impairment losses on financial and contract assets decreased by approximately 22.6% from RMB 129.7 million in 2023 to approximately RMB 100.4 million in 2024, due to improved credit risk management[58]. - The company reported a net profit of approximately RMB 13.7 million for the year ended December 31, 2024, an increase of 14.1% from RMB 12.0 million in 2023, with a net profit margin rising from 0.1% to 0.2%[64]. Contracts and Projects - The total amount of new contracts signed in 2024 exceeded RMB 4.49 billion, including significant projects such as the Yiwu International E-commerce Digital Port Industrial Park[15]. - The total value of new contracts signed was approximately RMB 4,490.8 million, indicating a strategic optimization of the business portfolio[47]. - The company completed contracts worth RMB 31.8 billion from public tenders, accounting for 70.8% of its business[47]. - The company secured major projects, including a contract worth RMB 8.2 billion for the Yiwu International E-commerce Digital Port Industrial Park[48]. - The construction contracting business contributed approximately 98.8% of total revenue, with residential construction accounting for 40.0% and industrial construction for 30.3% in 2024[53]. Assets and Liabilities - As of December 31, 2024, total equity amounted to RMB 1,639.8 million, with a capital debt ratio of 16.0%[11]. - Non-current assets were valued at RMB 477.7 million, while current assets were RMB 5,836.9 million[11]. - Cash and cash equivalents decreased from approximately RMB 263.6 million in 2023 to approximately RMB 184.0 million in 2024[65]. - Contract assets decreased by approximately 8.2% from RMB 3,142.0 million in 2023 to approximately RMB 2,883.5 million in 2024, consistent with the decline in revenue[67]. - Trade receivables and notes receivable decreased by approximately 2.5% from RMB 2,217.7 million as of December 31, 2023, to RMB 2,162.6 million as of December 31, 2024, primarily due to a 58.2% reduction in notes receivable and an increase in impairment provisions by 52.6%[68]. - Trade payables and notes payable decreased by approximately 13.3% from RMB 3,775.7 million as of December 31, 2023, to RMB 3,274.3 million as of December 31, 2024[69]. - Total interest-bearing borrowings decreased from RMB 665.8 million in 2023 to RMB 575.2 million in 2024, with short-term borrowings of RMB 458.5 million due within one year[70]. - The debt-to-equity ratio remained stable at approximately 15.9% for 2023 and 16% for 2024[71]. Management and Governance - The company has a management team with extensive experience in the construction industry, with members having over 30 years of experience on average[21][24]. - The management team includes professionals with advanced qualifications, such as senior economic engineer and senior construction engineer certifications[22][24]. - The company emphasizes continuous professional development, with executives pursuing advanced degrees and certifications throughout their careers[22][26]. - The board of directors includes independent non-executive members with significant academic and legal expertise, contributing to corporate governance[25][26]. - The company has established a comprehensive internal control system that effectively mitigates risks and ensures compliance with relevant laws and regulations[164]. - The board consists of six executive directors and three independent non-executive directors, fully complying with the corporate governance code since the fiscal year ending December 31, 2024[154]. - The company has established four board committees: Audit Committee, Remuneration and Nomination Committee, and Strategic Committee, to oversee various aspects of the company's affairs[177]. - The audit committee, established on December 23, 2015, is responsible for reviewing and supervising the company's financial reporting procedures and internal control systems[188]. - The remuneration and nomination committee evaluates the overall remuneration policy and structure for all directors and senior management, ensuring no director decides their own remuneration[189]. Strategic Focus and Future Outlook - The company is focusing on digital transformation through smart construction, with projects like the Tongxiang Feng Zikai Art Center and Tongxiang Traditional Chinese Medicine Hospital adopting "BIM + Smart Construction" management models[15]. - Looking ahead to 2025, the company aims to embrace the new era of smart construction driven by innovations in AI, 5G, and blockchain technology[16]. - The company plans to maintain a focus on quality improvement and foundational strengthening as part of its strategic actions for future growth[16]. - The company expects the construction industry to benefit from policy support and product improvements, with a focus on technological innovation and resource integration to strengthen competitive advantages[81]. - The company is committed to expanding its market presence and enhancing operational efficiency through strategic initiatives[21][24]. Shareholder Information - As of December 31, 2024, Mr. Lu Yaoneng holds 204,000,000 shares of domestic shares, representing 38.25% of the company's total equity[116]. - Major shareholder Jujian Holdings owns approximately 51% of the company, with Mr. Lu Yaoneng controlling about 51.33% of Jujian Holdings[118]. - The group did not recommend a final dividend for the year ending December 31, 2024, compared to 2.0 HK cents per share (pre-tax) in 2023[99]. - The group's available reserves for distribution to shareholders as of December 31, 2024, amounted to RMB 768.5 million, a decrease from RMB 779.8 million in 2023[111]. Risk Management - The group faced significant financial risks, primarily credit risk and liquidity risk, which are regularly assessed and managed by the management team[91]. - The management team regularly evaluates key operations for risk assessment to implement appropriate risk responses[92]. - The group is committed to sustainable development and has implemented multi-faceted risk analysis regarding environmental, social, and governance issues[95]. - The group has established compliance procedures to ensure adherence to applicable laws and regulations that significantly impact its operations[95]. Corporate Social Responsibility - The group made charitable donations of approximately RMB 0.13 million for the year ended December 31, 2024, compared to RMB 0.87 million in 2023[152].

本文源自：金融界 作者：行情君 行业估值方面，建筑行业市盈率（TTM）平均值为6.77倍，行业中值2.25倍。巨匠建设市盈率36.41倍， 行业排名第94位；其他浦江国际（02060.HK）为1.01倍、中国管业（00380.HK）为1.51倍、进升集团控 股（01581.HK）为1.56倍、靛蓝星（08373.HK）为1.58倍、艾硕控股（08341.HK）为2.25倍。 资料显示，巨匠建设集团股份有限公司(简称"巨匠建设"),始建于1965年,2016年在香港H股主板上市(股 票代码1459.HK),是浙江巨匠控股集团有限公司旗下以建筑工程施工总承包为主营业务的民营集团企业 和国家高新技术企业。巨匠建设具有建筑工程施工总承包特级、建筑设计行业甲级、市政公用工程总承 包贰级、机电工程施工总承包贰级、地基基础工程专业承包壹级、古建筑工程专业承包壹级、消防设施 工程专业承包壹级、建筑装修装饰工程专业承包壹级、钢结构工程专业承包贰级、电子与智能化工程专 业承包贰级、特种工程(建筑物纠偏和平移)专业承包不分等级、特种工程(结构补强)专业承包不分等级 和境外工程承包等资格。巨匠建设自2001年改制以来,取得了中国建筑 ...

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 6,780,685, a decrease of 18.5% compared to RMB 8,315,073 in 2023[3] - Gross profit for the same period was RMB 277,521, down 19.4% from RMB 344,133 in 2023, with a gross margin of 4.09%[3] - Net profit increased by 14.1% to RMB 13,731 from RMB 12,030 in 2023, resulting in a net profit margin of 0.20%[3] - The total comprehensive income for the year was RMB 13,532, compared to RMB 12,143 in 2023[5] - The company reported a basic and diluted earnings per share of RMB 0.01, down from RMB 0.02 in 2023[6] - The pre-tax profit for the total segments was RMB 9,740,000, compared to RMB 10,520,000 in the previous year, indicating a decrease of 7.4%[26][27] - Profit for the year increased by approximately 14.1% from RMB 12.0 million for the year ended December 31, 2023, to approximately RMB 13.7 million for the year ended December 31, 2024, with a net profit margin increase from approximately 0.1% to 0.2%[86] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 5,314,587, a decrease from RMB 5,825,376 in 2023[7] - Current assets totaled RMB 5,836,918, down from RMB 6,321,370 in 2023, with cash and cash equivalents at RMB 184,036[7] - Current liabilities decreased to RMB 4,558,141 from RMB 5,047,602 in 2023, resulting in a net current asset value of RMB 1,278,777[7] - Non-current assets totaled RMB 477,669, down from RMB 504,006 in 2023, with property, plant, and equipment at RMB 119,823[7] - The total accounts receivable as of December 31, 2024, was RMB 2,210,219,000, an increase from RMB 1,739,777,000 in 2023, reflecting a growth of about 27.1%[49] - The net accounts receivable after impairment provisions was RMB 1,869,705,000 in 2024, up from RMB 1,516,598,000 in 2023, indicating an increase of approximately 23.3%[49] - The impairment provision for accounts receivable increased to RMB 340,514,000 in 2024 from RMB 223,179,000 in 2023, marking a rise of about 52.7%[51] - The group's contract assets totaled RMB 3,035,759,000 as of December 31, 2024, down from RMB 3,300,405,000 in 2023, with a net value of RMB 2,883,549,000 after impairment[58] Revenue Breakdown - Revenue from external customers in mainland China was RMB 6,688,909,000, down from RMB 8,192,955,000 in 2023, representing a decline of 18.4%[28] - The construction contracting segment generated revenue of RMB 6,697,394,000, while the other segment contributed RMB 83,291,000[26] - The construction engineering contracting segment generated revenue of RMB 6,697,394,000, down from RMB 8,218,191,000 in the previous year, indicating a decrease of about 18.5%[34] - The construction contracting business contributed approximately 98.8% of total revenue, with residential projects accounting for 40.0% and industrial projects for 30.3%[76] Expenses and Costs - Research and development expenses for the year were RMB 213,451,000, down from RMB 248,576,000 in 2023, representing a decrease of about 14.1%[43] - The pre-tax profit for the year was significantly impacted by construction engineering contracting costs, which totaled RMB 6,460,989,000, compared to RMB 7,925,081,000 in the previous year, a reduction of approximately 18.5%[43] - The total financial costs decreased to RMB 30,951,000 in 2024 from RMB 40,909,000 in 2023, a reduction of about 24.4%[42] - Administrative expenses decreased by approximately 10.8% from RMB 173.0 million for the year ended December 31, 2023, to approximately RMB 154.2 million for the year ended December 31, 2024, due to effective cost control measures[80] - Net impairment losses on financial and contract assets decreased by approximately 22.6% from RMB 129.7 million for the year ended December 31, 2023, to approximately RMB 100.4 million for the year ended December 31, 2024, as a result of enhanced credit control measures[81] Dividends and Shareholder Returns - The company did not recommend a final dividend for the year ended December 31, 2024, compared to a pre-tax dividend of 2.0 HK cents in 2023[3] - The company did not recommend a final dividend for the year ending December 31, 2024, compared to a dividend of RMB 1.81 per share in 2023[46] - The company does not plan to distribute a final dividend for the year ended December 31, 2024, compared to a final dividend of HKD 0.02 per share in 2023[109] Market and Industry Outlook - The total construction investment in China for 2024 was RMB 10.03 trillion, a decline of 10.6% year-on-year, indicating a conservative market outlook[65] - The total output value of the construction industry reached approximately RMB 32.7 trillion in 2024, with a year-on-year growth of 5%[66] - New advanced materials and intelligent construction technologies are emerging as industry highlights, improving cost efficiency and safety in construction[67] Corporate Governance and Compliance - The audit committee has reviewed the financial statements for the year ended December 31, 2024, ensuring compliance with accounting principles and internal controls[114] - The company has fully complied with the corporate governance code during the reporting period[105] Strategic Initiatives - The company aims to enhance its market competitiveness by optimizing market layout and business structure, focusing on quality improvement and operational efficiency[101] - The company will continue to adhere to its core values of integrity, pragmatism, innovation, and harmony while seizing opportunities in smart construction and green transformation[101] - The company has established a competition avoidance agreement with its controlling shareholders to prevent future competition in its main business[103]

Financial Performance - Revenue for the first half of 2024 decreased by 8.03% to RMB 3,833.7 million compared to the same period in 2023[4] - Net profit for the first half of 2024 dropped by 46.13% to RMB 16.8 million compared to the same period in 2023[4] - Gross profit margin increased slightly to 4.07% in the first half of 2024, up from 3.86% in the same period in 2023[4] - Revenue decreased by 8.03% to RMB 3,833.7 million in the first half of 2024 compared to RMB 4,168.3 million in the same period of 2023, primarily due to a decline in the real estate market and reduced new project contracts[18] - Gross profit margin increased to 4.07% in H1 2024 from 3.86% in H1 2023, driven by higher-margin other business segments[19] - Profit for the period decreased by 46.13% from RMB 31.3 million in the six months ended June 30, 2023, to RMB 16.8 million in the six months ended June 30, 2024, with the net profit margin dropping from 0.75% to 0.44%[26] - Revenue for the six months ended June 30, 2024, was RMB 3,833.66 million, a decrease of 8.0% compared to RMB 4,168.32 million in the same period of 2023[60] - Gross profit for the six months ended June 30, 2024, was RMB 155.94 million, a decrease of 3.1% compared to RMB 160.85 million in the same period of 2023[60] - Net profit attributable to owners of the company for the six months ended June 30, 2024, was RMB 14.83 million, a decrease of 52.3% compared to RMB 31.09 million in the same period of 2023[60] - Total comprehensive income for the six months ended June 30, 2024, was RMB 16.31 million, a decrease of 48.3% compared to RMB 31.56 million in the same period of 2023[60] - Basic and diluted earnings per share for the six months ended June 30, 2024, were RMB 0.03, a decrease of 50.0% compared to RMB 0.06 in the same period of 2023[60] - Profit before tax for the first half of 2024 was RMB 17,104 thousand, a decrease from RMB 32,929 thousand in the same period of 2023[70] - Pre-tax profit for the six months ended June 30, 2024, was RMB 17.10 million, with RMB 11.76 million from construction engineering contracting and RMB 9.18 million from other services[78] - Pre-tax profit for the six months ended June 30, 2023, was RMB 32.93 million, with RMB 30.90 million from construction engineering contracting and RMB 1.44 million from other services[80] - Total revenue decreased from RMB 4,168,315 thousand in 2023 to RMB 3,833,658 thousand in 2024, a decline of 8.03%[83][85] - Revenue from construction engineering contracts decreased from RMB 4,131,023 thousand in 2023 to RMB 3,787,132 thousand in 2024, a decline of 8.32%[83][85] - Revenue from the Chinese mainland market decreased from RMB 4,119,846 thousand in 2023 to RMB 3,774,843 thousand in 2024, a decline of 8.37%[83][84] - The profit attributable to ordinary equity holders of the parent company for basic earnings per share calculation was RMB 14,830 thousand in the first half of 2024, down from RMB 31,086 thousand in the same period of 2023[96] Market and Industry Trends - National construction output in China reached RMB 13.2 trillion in the first half of 2024, a year-on-year increase of 5.9%[8] - Newly signed contracts in the construction industry in China decreased by 3.3% to RMB 1,491.25 billion in the first half of 2024[8] - The real estate market in China continues to face downward pressure despite various government stimulus policies[7] - The company expects the central government to introduce more policies to reduce inventory and stabilize the market in the second half of 2024, with local governments also intensifying efforts to stabilize the market from both supply and demand sides[41] Business Operations and Projects - The company holds a top-tier construction qualification and a Class-A design qualification, enabling it to undertake large-scale construction projects nationwide[6] - Engineering contracting business contributed 98.8% of total revenue in H1 2024, with industrial projects accounting for 58.1% of project types[17][12] - New project contracts signed in H1 2024 amounted to RMB 1,044.0 million, with 64.8% coming from major clients[11] - The company secured 5 projects valued over RMB 100 million each and won public bidding projects exceeding RMB 500 million in H1 2024[11] - BIM technology was implemented in 32 projects, including 12 external projects, with 8 projects achieving BIM business application integration[16] - The company completed 18 projects in H1 2024, with the Wuzhen Big Data Industrial Park project finishing 10 days ahead of schedule[13] - Provincial-level construction methods were applied for 3 projects, and 10 national patents were filed, with 2 granted in H1 2024[15] - The company expanded its smart construction site services to 26 new projects, including 23 external projects, and entered the Zhoushan market[16] - Local projects in Jiaxing accounted for 86.7% of new contracts, with Tongxiang city contributing 77.4% of local business[12] - The company has two reportable operating segments: construction engineering contracting and other services, which include design, measurement, training, consulting, and civil defense product sales[76] Financial Position and Cash Flow - The reserve price as of June 30, 2024, decreased by 16.5% to RMB 16,147.5 million compared to June 30, 2023[9] - Cash and cash equivalents decreased from RMB 263.6 million as of December 31, 2023, to RMB 129.5 million as of June 30, 2024[27] - Contract assets decreased by 15.85% from RMB 3,142.0 million as of December 31, 2023, to RMB 2,644.1 million as of June 30, 2024, mainly due to reduced revenue from the construction engineering contracting segment[29] - Accounts receivable and notes receivable increased by 22.64% from RMB 2,217.7 million as of December 31, 2023, to RMB 2,719.8 million as of June 30, 2024, due to delayed customer settlements[30] - The capital gearing ratio increased from 15.90% as of December 31, 2023, to 21.45% as of June 30, 2024, primarily due to a decrease in cash and cash equivalents[33] - Total assets as of June 30, 2024, were RMB 6,603.18 million, a decrease of 2.7% compared to RMB 6,825.38 million as of December 31, 2023[62][63] - Total liabilities as of June 30, 2024, were RMB 4,959.25 million, a decrease of 3.5% compared to RMB 5,186.25 million as of December 31, 2023[62][63] - Net assets as of June 30, 2024, were RMB 1,643.93 million, an increase of 0.3% compared to RMB 1,639.13 million as of December 31, 2023[63] - Net cash flow from operating activities for the first half of 2024 was RMB -72,228 thousand, compared to RMB 27,484 thousand in the same period of 2023[70] - Net cash flow from investing activities for the first half of 2024 was RMB 7,872 thousand, compared to RMB -13,535 thousand in the same period of 2023[71] - Net cash flow from financing activities for the first half of 2024 was RMB -69,072 thousand, compared to RMB -24,704 thousand in the same period of 2023[71] - Cash and cash equivalents at the end of June 2024 were RMB 129,460 thousand, a decrease from RMB 263,550 thousand at the beginning of the period[71] - Total assets decreased from RMB 6,825,376 thousand in 2023 to RMB 6,603,179 thousand in 2024, a decline of 3.25%[81] - Total liabilities decreased from RMB 5,186,248 thousand in 2023 to RMB 4,959,251 thousand in 2024, a decline of 4.37%[81] - Contract assets decreased to RMB 2,644,051 thousand as of June 30, 2024, from RMB 3,142,043 thousand as of December 31, 2023[98] - Accounts receivable and notes receivable increased to RMB 2,719,841 thousand as of June 30, 2024, from RMB 2,217,659 thousand as of December 31, 2023[99] - The aging analysis of accounts receivable shows an increase in receivables across all categories, with the total increasing to RMB 2,084,401 thousand as of June 30, 2024, from RMB 1,516,598 thousand as of December 31, 2023[100] - The impairment loss allowance for accounts receivable increased to RMB 252,064 thousand as of June 30, 2024, from RMB 223,179 thousand as of December 31, 2023[102] - Prepayments, deposits, and other receivables decreased to RMB 452,004 thousand as of June 30, 2024, from RMB 512,802 thousand as of December 31, 2023[103] - Trade payables and notes payable totaled RMB 3.65 billion as of June 30, 2024, a decrease from RMB 3.78 billion as of December 31, 2023[106] - Other payables and accrued expenses decreased to RMB 473.39 million as of June 30, 2024, from RMB 513.20 million as of December 31, 2023[108] - Interest-bearing bank and other borrowings totaled RMB 489.37 million for current liabilities and RMB 121.48 million for non-current liabilities as of June 30, 2024[109] - The company's net book value of certain buildings pledged for general bank financing was approximately RMB 136.02 million as of June 30, 2024[110] - Interest-bearing bank and other borrowings guaranteed by the company's controlling shareholders and related parties amounted to RMB 330.70 million as of June 30, 2024[110] - The company signed a fixed asset loan with a maximum amount of RMB 190.00 million, with an outstanding balance of RMB 129.39 million as of June 30, 2024[110] - Share capital remained unchanged at RMB 533.36 million as of June 30, 2024[111] - The fair value of financial assets as of June 30, 2024, was RMB 741,436 thousand, compared to RMB 822,454 thousand as of December 31, 2023[118] - The fair value of interest-bearing bank and other borrowings (excluding lease liabilities) as of June 30, 2024, was RMB 594,760 thousand, compared to RMB 648,455 thousand as of December 31, 2023[118] - The fair value of receivables bills as of June 30, 2024, was RMB 635,440 thousand, classified under Level 2 (significant observable inputs)[121] - The fair value of financial assets at fair value through profit or loss as of December 31, 2023, was RMB 10,760 thousand, classified under Level 1 (quoted prices in active markets)[121] Expenses and Costs - Other income and gains decreased by approximately RMB 1.7 million from RMB 10.6 million in the six months ended June 30, 2023, to RMB 8.9 million in the six months ended June 30, 2024, mainly due to a reduction in other income and interest income[20] - Administrative expenses decreased by 8.82% from RMB 86.0 million in the six months ended June 30, 2023, to RMB 78.4 million in the six months ended June 30, 2024, primarily due to a reduction in salaries and employee benefits[21] - Net impairment losses on financial and contract assets increased by 93.80% from RMB 22.7 million in the six months ended June 30, 2023, to RMB 43.9 million in the six months ended June 30, 2024, mainly due to increased credit risk in the real estate market[22] - Financial costs decreased by 23.24% from RMB 21.2 million in the six months ended June 30, 2023, to RMB 16.3 million in the six months ended June 30, 2024, due to a reduction in the average balance of interest-bearing bank borrowings[24] - Income tax expenses decreased by 84.55% from RMB 1.7 million in the six months ended June 30, 2023, to RMB 0.3 million in the six months ended June 30, 2024, mainly due to increased deferred tax expenses from impairment losses[25] - Financial costs for the first half of 2024 were RMB 16,287 thousand, a decrease from RMB 21,219 thousand in the same period of 2023[70] - Interest income for the first half of 2024 was RMB 4,220 thousand, a decrease from RMB 5,061 thousand in the same period of 2023[70] - Depreciation of property, plant, and equipment for the first half of 2024 was RMB 7,049 thousand, a decrease from RMB 8,029 thousand in the same period of 2023[70] - Amortization of intangible assets for the first half of 2024 was RMB 4,253 thousand, an increase from RMB 4,178 thousand in the same period of 2023[70] - Impairment of receivables for the first half of 2024 was RMB 28,885 thousand, a significant increase from RMB 2,062 thousand in the same period of 2023[70] - Other income and gains decreased from RMB 10,590 thousand in 2023 to RMB 8,934 thousand in 2024, a decline of 15.64%[88] - Financial expenses decreased from RMB 21,219 thousand in 2023 to RMB 16,287 thousand in 2024, a decline of 23.24%[89] - R&D expenses decreased from RMB 131,432 thousand in 2023 to RMB 121,880 thousand in 2024, a decline of 7.27%[91] - Total impairment losses increased from RMB 22,676 thousand in 2023 to RMB 43,945 thousand in 2024, an increase of 93.79%[91] - Employee benefit expenses decreased from RMB 52,468 thousand in 2023 to RMB 44,948 thousand in 2024, a decline of 14.33%[91] - The company's income tax expense for the first half of 2024 was RMB 255 thousand, a significant decrease from RMB 1,651 thousand in the same period of 2023[93] Dividends and Shareholder Information - The company did not recommend an interim dividend for the first half of 2024[4] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024[43] - As of June 30, 2024, the company did not hold any treasury shares and had not purchased, sold, or redeemed any of its listed securities[44] - The company's executive director, Mr. Lü Yaoneng, holds a 38.25% stake in the company through controlled entities, representing 51% of the domestic shares[45][46] - The company's major shareholder, Jujiang Holdings, directly holds approximately 38.25% of the company's equity[47][48] - The company declared and paid a final dividend of RMB 1.82 cents per ordinary share for 2024, compared to RMB 3.67 cents per share in 2023[95] - The weighted average number of ordinary shares used in calculating basic earnings per share remained constant at 533,360 thousand shares for both 2024 and 2023[97] Strategic Plans and Future Outlook - The company plans to focus on market model transformation, production model transformation, and management model transformation to accelerate high-quality development[42] - The company aims to optimize market layout, deepen local market penetration in Tongxiang, and target key regions such as Jiaxing and Yiwu while exploring opportunities in overseas markets[42] - The company will leverage the advantages of its Yiwu joint venture to expand its business footprint and focus on the construction of intelligent manufacturing bases[42] - The company will enhance cost control and efficiency through the use of smart command centers and big data, while focusing on technological innovation and digital application[42] - The company will strengthen risk management and control, improve asset management capabilities, and accelerate the disposal of existing and new assets to recover funds[42] Accounting and Financial Reporting - The company's accounting policies and disclosures have been updated to comply with revised International Financial Reporting Standards (IFRS), including IFRS 16 amendments on lease liabilities and IAS 1 amendments on the classification of liabilities[74][75] - The company's financing team, led by the financial manager, is responsible for determining the policies and procedures for fair value measurement of financial instruments[120] - The valuation process and results are discussed twice a year with senior management for annual financial reporting purposes[120] - The financial statements were approved and authorized for issuance by the board of directors on August 16, 2024[124] Related Party Transactions and Remuneration - Related party transactions included construction and consulting services provided to affiliated

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 3,833,658, a decrease of 8.03% compared to RMB 4,168,315 for the same period in 2023[1] - Gross profit for the same period was RMB 155,935, down 3.05% from RMB 160,848 in 2023, with a gross margin of 4.07%, an increase from 3.86%[1] - Profit for the period was RMB 16,849, a significant decline of 46.13% from RMB 31,278 in the previous year, resulting in a net profit margin of 0.44% compared to 0.75%[1] - Basic and diluted earnings per share were RMB 0.03, down from RMB 0.06 in the prior period[2] - Total comprehensive income for the period was RMB 16,311, compared to RMB 31,559 in the previous year[3] - Total revenue for the group was RMB 3,833,658,000, with a pre-tax profit of RMB 17,104,000[12] - Pre-tax profit for the six months ended June 30, 2024, was RMB 17,104 thousand, significantly lower than RMB 32,929 thousand in 2023, representing a decrease of approximately 48.0%[23] - The company declared a final dividend of RMB 0.0182 per share for the six months ended June 30, 2024, compared to RMB 0.0367 per share in 2023, indicating a reduction of about 50.3%[24] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled RMB 494,506, a slight decrease from RMB 504,006 as of December 31, 2023[4] - Current liabilities decreased to RMB 4,837,774 from RMB 5,047,602 at the end of 2023[5] - Total equity as of June 30, 2024, was RMB 1,643,928, a marginal increase from RMB 1,639,128 at the end of 2023[6] - The group’s total assets decreased from RMB 6,825,376,000 as of December 31, 2023, to RMB 6,603,179,000 as of June 30, 2024[14] - The group’s total liabilities decreased from RMB 5,186,248,000 as of December 31, 2023, to RMB 4,959,251,000 as of June 30, 2024[14] - The company's interest-bearing bank and other borrowings as of June 30, 2024, are approximately RMB 330,700,000, down from RMB 445,130,000 as of December 31, 2023, indicating a reduction of about 25.7%[33] Revenue Breakdown - The group reported external customer revenue of RMB 3,787,132,000 from the construction contracting segment for the six months ended June 30, 2024[12] - Revenue from construction contracting for the six months ended June 30, 2024, was RMB 3,787,132 thousand, down from RMB 4,131,023 thousand in 2023, indicating a decrease of about 8.3%[16] - Other income for the six months ended June 30, 2024, totaled RMB 8,934 thousand, compared to RMB 10,590 thousand in 2023, reflecting a decline of approximately 15.6%[18] Expenses - Financial expenses for the six months ended June 30, 2024, were RMB 16,287 thousand, down from RMB 21,219 thousand in 2023, a reduction of about 23.3%[19] - Administrative expenses decreased by approximately 8.82% to RMB 78.4 million, mainly due to reduced salaries and employee benefits[50] - Employee costs amounted to approximately RMB 44.9 million for the six months ended June 30, 2024, representing a decrease of about 14.33% compared to the same period in 2023[64] Impairment and Provisions - The company reported a net impairment loss of RMB 43,945 thousand for the six months ended June 30, 2024, compared to RMB 22,676 thousand in 2023, indicating an increase of approximately 94.4%[20] - The company has maintained a strict control over its accounts receivable, with a net loss provision for receivables increasing to RMB 252,064 as of June 30, 2024, from RMB 223,179 as of December 31, 2023, which is an increase of approximately 12.9%[29] Market and Industry Insights - The total output value of the construction industry in China reached approximately RMB 13.2 trillion for the first half of 2024, representing a year-on-year growth of 5.9%[37] - The total area of residential construction in China was approximately 11.8 billion square meters, a year-on-year decrease of 1.7%[37] - The sales area of commercial housing was approximately 480 million square meters, down 19.0%, with new commercial housing sales amounting to about RMB 4.7 trillion, a decline of 25.0%[37] Strategic Initiatives - The company aims to minimize credit risk through a dedicated credit control department, regularly reviewing overdue balances to ensure financial stability[28] - The company plans to enhance its marketing team and optimize market layout, focusing on local markets in Tongxiang, Jiaxing, and Yiwu, while also seeking opportunities in provincial and overseas markets[65] - The company aims to improve production efficiency by leveraging a smart command center and big data to reduce costs and enhance digital applications[66] Compliance and Governance - The company has fully complied with the corporate governance code as of June 30, 2024[69] - The company has no significant contingent liabilities as of June 30, 2024[62]

Financial Performance - For the year ended December 31, 2023, the company's revenue was approximately RMB 8,315.1 million, a decrease of 2.8% year-on-year[13]. - The net profit for the same period was RMB 12.0 million, representing a significant decline of 78.5% compared to the previous year[13]. - The gross profit margin for 2023 was 4.14%, slightly down from 4.25% in 2022[11]. - Total revenue decreased by approximately 2.8% from RMB 8,551.6 million in 2022 to RMB 8,315.1 million in 2023, primarily due to a reduction in construction contracting business by RMB 229.8 million[58]. - Gross profit decreased by approximately 5.4% from RMB 363.6 million in 2022 to RMB 344.1 million in 2023, with a gross margin decline from approximately 4.3% to 4.1%[59]. - Net profit for the year dropped by 78.5% from RMB 55.8 million in 2022 to RMB 12.0 million in 2023, with a net profit margin decline from approximately 0.7% to 0.1%[68]. - Other income and gains decreased from approximately RMB 30.1 million in 2022 to RMB 17.8 million in 2023, mainly due to a reduction in government subsidies[60]. - Financial and contract asset impairment losses increased by approximately 41.0% to RMB 129.7 million in 2023, attributed to the deteriorating financial conditions of certain clients[62]. Assets and Liabilities - Non-current assets totaled RMB 504.0 million, while current assets increased to RMB 6,321.4 million[11]. - The total equity as of December 31, 2023, was RMB 1,639.1 million, with a capital debt ratio of 15.9%[11]. - Cash and cash equivalents increased to approximately RMB 263.6 million as of December 31, 2023, compared to RMB 221.1 million in 2022[69]. - Contract assets increased by approximately 13.4% from RMB 2,771.0 million on December 31, 2022, to RMB 3,142.0 million on December 31, 2023, representing 46.3% and 49.7% of total current assets respectively[72]. - Trade receivables and notes receivable rose by about 7.6% from RMB 2,060.6 million on December 31, 2022, to RMB 2,217.7 million on December 31, 2023, with turnover days decreasing from approximately 99 days to 93 days[73]. - Trade payables and notes payable increased by approximately 9.8% from RMB 3,438.2 million on December 31, 2022, to RMB 3,775.7 million on December 31, 2023, with turnover days rising from about 145 days to 163 days[74]. - Total interest-bearing borrowings amounted to approximately RMB 665.8 million as of December 31, 2023, compared to RMB 676.0 million in 2022, with short-term borrowings of RMB 527.2 million and long-term borrowings of RMB 138.6 million[75]. - The capital debt ratio increased from approximately 13.2% on December 31, 2022, to about 15.9% on December 31, 2023, primarily due to a decrease in restricted funds and an increase in net debt[77]. Strategic Initiatives - The company has successfully implemented a joint venture in Yiwu and won several key projects, marking a new phase in its "going out" strategy[14]. - The application of BIM technology continues to expand, and the construction of smart sites is accelerating[14]. - Looking ahead to 2024, the company anticipates improvements in the macro environment and downstream demand, with infrastructure investment expected to drive economic growth[15]. - The company aims to enhance core competitiveness by focusing on maintaining total volume, improving quality, and reducing excess capacity[15]. - The company is committed to expanding its market presence and enhancing operational efficiency through strategic initiatives[24]. - The company is actively pursuing new technologies and methodologies to improve construction processes and project outcomes[20]. - The company aims to leverage its extensive experience and strategic partnerships to drive growth and profitability in the coming years[24]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[31]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 15%[31]. - The company is investing 100 million RMB in research and development for innovative construction technologies over the next three years[31]. - The management team emphasized a focus on sustainability, aiming to reduce carbon emissions by 20% by 2025[31]. - The company has implemented new operational strategies that are expected to improve profit margins by 5% in the upcoming year[31]. Governance and Management - The company has appointed independent non-executive directors to enhance governance and oversight, ensuring compliance and strategic direction[25][26]. - The company has a diverse board with members holding advanced degrees in economics and engineering, contributing to informed decision-making[25][26]. - The company has a robust management team with over 30 years of combined experience in the construction sector, ensuring stability and expertise[24]. - The company is focused on developing and executing its strategic plans, overseeing overall business development, and managing daily operations[20]. - The company has established a comprehensive internal control system that effectively mitigates risks and meets national legal requirements[178]. - The independent non-executive directors confirmed that the controlling shareholders have complied with the non-competition agreement as of December 31, 2023[165]. - The company has adhered to the corporate governance code and has continuously reviewed its governance practices to meet increasing regulatory demands[168]. - The supervisory board held three meetings during the reporting period to oversee the company's compliance and financial status[173]. - The financial reports of the company and its subsidiaries accurately reflect their actual conditions, with no significant omissions or false records[174]. - The company has established appropriate liability insurance to indemnify directors and senior management[140]. - The remuneration policy for directors and senior management includes salary, allowances, discretionary bonuses, and other benefits based on performance and market comparisons[158]. - Continuous training and professional development for all directors are prioritized to enhance their understanding of responsibilities and compliance[195]. Market and Industry Trends - The total construction output value of the national construction industry reached approximately RMB 31.6 trillion, with a year-on-year growth of 5.8%[43]. - The construction area for the national housing sector decreased by 1.5% year-on-year, with total sales area dropping by 8.5%[43]. - Recent government policies in China aimed at cooling the real estate market may impact the company's project availability and revenue from the construction sector[97]. - The company anticipates that infrastructure investment will continue to be a key driver for growth in 2024, with a focus on digitalization and smart upgrades in the construction industry[88]. Shareholder Information - Mr. Lu Yaoneng holds approximately 38.25% of the company's issued shares, totaling 204,000,000 domestic shares[18]. - Major shareholders include Zhejiang Jujian Holdings Group Co., Ltd., which holds approximately 51% of the company's shares[134]. - The company’s capital structure as of December 31, 2023, includes 400 million domestic shares (75.0%) and 133.36 million H-shares (25.0%) for a total of 533.36 million shares[108]. - The company has adopted a dividend policy aimed at sharing profits with shareholders while retaining sufficient reserves for future development[116]. - The board proposed a final dividend of HKD 0.02 per share, which will be distributed to H-share shareholders[109]. - The company will distribute dividends to H-share shareholders on July 26, 2024, in accordance with relevant tax regulations[110]. - The company has no provisions for preemptive rights for existing shareholders regarding the issuance of new shares[123]. - The board retains discretion to determine the declaration and payment of dividends based on factors such as operational performance and financial condition[118]. - The board reserves the right to update or amend the dividend policy at any time without creating any legal obligation for future dividends[120]. Corporate Social Responsibility - The group made charitable donations of approximately RMB 0.87 million for the year ended December 31, 2023, compared to RMB 0.55 million in 2022[166]. - The company is committed to sustainable development and has initiated multi-faceted risk analysis regarding environmental, social, and governance issues[104].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 8,315,073 thousand, a decrease of 2.8% compared to RMB 8,551,596 thousand in 2022[3] - Gross profit for the same period was RMB 344,133 thousand, down 5.4% from RMB 363,631 thousand, resulting in a gross margin of 4.14%[3] - Net profit for the year plummeted by 78.4% to RMB 12,030 thousand from RMB 55,795 thousand in 2022, leading to a net profit margin of 0.14%[3] - Basic and diluted earnings per share decreased to RMB 0.02 from RMB 0.10 in the previous year[8] - The proposed final dividend for 2023 is RMB 9,674,000, translating to RMB 0.0181 per share, down from RMB 18,685,000 or RMB 0.0350 per share in 2022[59] - Other income and gains fell to approximately RMB 17.8 million, down from RMB 30.1 million due to reduced government subsidies[104] - Financial and contract asset impairment losses increased by approximately 41% to RMB 129.7 million, attributed to deteriorating financial conditions of some clients[106] - The pre-tax profit for 2023 was RMB 10,520,000, down from RMB 55,075,000 in 2022, indicating a significant decrease of about 81.0%[57] Assets and Liabilities - Total current assets increased to RMB 6,321,370 thousand in 2023 from RMB 5,991,039 thousand in 2022, while total current liabilities rose to RMB 5,047,602 thousand from RMB 4,692,739 thousand[10] - The company's total assets less current liabilities stood at RMB 1,777,774 thousand, slightly down from RMB 1,803,457 thousand in 2022[10] - Non-current assets totaled RMB 504,006 thousand in 2023, marginally down from RMB 505,157 thousand in 2022[10] - The company's equity attributable to owners of the parent decreased to RMB 1,609,334 thousand from RMB 1,617,787 thousand in the previous year[11] - The total accounts payable as of December 31, 2023, was RMB 3,775,673,000, an increase from RMB 3,438,205,000 in 2022, reflecting a growth of 9.8%[81] - The debt-to-equity ratio increased from approximately 13.2% as of December 31, 2022, to about 15.9% as of December 31, 2023[121] Revenue Segmentation - Revenue from the construction contracting segment was RMB 8,218,191,000, while other services generated RMB 96,882,000[41] - Revenue from external customers in mainland China was RMB 8,192,955,000, a decrease from RMB 8,551,596,000 in 2022[36] - Major customer revenue was approximately RMB 691,869,000, down from RMB 866,556,000 in the previous year[38] - The recognized revenue for 2023 was RMB 99,554,000, an increase from RMB 65,309,000 in 2022, representing a growth of approximately 52.3%[46] - The total remaining performance obligations amounted to RMB 18,890,572,000 as of December 31, 2023, slightly up from RMB 18,736,795,000 in 2022[50] - The expected revenue to be recognized from contracts in progress by December 31, 2023, is RMB 14,762,720,000, to be recognized over the next six months to three years[50] Impairment and Provisions - The company reported a significant increase in impairment losses on financial and contract assets, rising to RMB 129,736 thousand from RMB 91,975 thousand in 2022[6] - The provision for impairment of accounts receivable rose to RMB 223,179,000 in 2023 from RMB 174,658,000 in 2022, marking an increase of about 27.7%[66] - The expected credit loss for accounts receivable was RMB 106,454,000 as of December 31, 2023, compared to RMB 128,640,000 in 2022, indicating a decrease of about 17.3%[69] - The expected credit loss provision for contract assets increased to RMB 158,362,000 in 2023 from RMB 85,117,000 in 2022, marking an increase of 86.1%[77] - The total expected credit loss for the year was RMB 73,245,000, up from RMB 42,102,000 in 2022, representing a rise of 73.9%[77] Research and Development - The company incurred research and development expenses of RMB 248,576,000 in 2023, up from RMB 240,634,000 in 2022, marking a growth of about 3.3%[55] - The company completed 150 smart construction projects and developed the V1.0 version of the smart operation and maintenance platform[98] - The company launched 58 new R&D projects during the year, with 19 projects completed and accepted[97] Corporate Governance and Compliance - The company confirmed compliance with the non-competition agreement established with its controlling shareholders[132] - The board consists of six executive directors and three independent non-executive directors, adhering to corporate governance codes[135] - The company has adopted the standard code of conduct for securities trading, ensuring compliance by all directors and supervisors[136] - The company's audit committee has reviewed the financial statements for the year ending December 31, 2023, including accounting principles and external auditor reports[150] Future Outlook - The company anticipates that infrastructure investment will remain a key driver for growth in 2024, with a focus on digitalization and innovation in the construction industry[128]

Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately RMB 4,168.3 million, a decrease of 1.1% compared to RMB 4,214.6 million in the same period of 2022[7]. - Gross profit for the same period was RMB 160.8 million, down 6.32% from RMB 171.7 million year-on-year, resulting in a gross margin of 3.86%[7]. - Net profit for the six months was RMB 31.3 million, representing a decline of 9.38% from RMB 34.5 million in the previous year[7]. - Revenue for the six months ended June 30, 2023, was approximately RMB 4,168.3 million, a slight decrease of about 1.10% from RMB 4,214.6 million for the same period in 2022[27]. - The gross profit decreased by approximately 6.32% to RMB 160.8 million for the six months ended June 30, 2023, compared to RMB 171.7 million for the same period in 2022[28]. - Profit for the period declined by approximately 9.38% from RMB 34.5 million to RMB 31.3 million, with a slight decrease in net profit margin from 0.82% to 0.75%[36]. - The company reported a total comprehensive income of RMB 31,559 thousand, down from RMB 34,514 thousand year-on-year[76]. - The group reported a total depreciation and amortization expense of RMB 14,205,000 for the six months ended June 30, 2023, compared to RMB 13,179,000 in 2022, representing an increase of 7.8%[110]. Revenue and Contracts - New project net prices for the period were RMB 4,741.0 million, significantly higher than RMB 3,163.3 million in the previous year[14]. - The total signed contract amount for construction enterprises nationwide was approximately RMB 514,959 billion, an increase of 5.03% year-on-year[10]. - In the first half of 2023, the company achieved a net value of newly signed projects of approximately RMB 4,741.0 million, with large customer business accounting for 44.22% of the total contract amount[19]. - The company signed 10 projects with contract amounts exceeding RMB 100 million and 5 projects exceeding RMB 300 million during the first half of the year[19]. - Revenue from construction engineering contracting was RMB 4,131,023, accounting for 99.1% of total revenue, while other services contributed RMB 37,292[100]. Costs and Expenses - The gross margin for construction contracting business fell from 3.89% in the first half of 2022 to 3.47% in the first half of 2023, primarily due to rising labor and material costs[28]. - Other income and gains decreased to approximately RMB 10.6 million for the six months ended June 30, 2023, primarily due to a reduction in government subsidies[29]. - Administrative expenses increased by approximately 5.65% from RMB 81.4 million for the six months ended June 30, 2022, to RMB 86.0 million for the six months ended June 30, 2023, primarily due to increased salaries and employee benefits[30]. - Financial costs rose by approximately 8.72% from RMB 19.5 million to RMB 21.2 million, mainly due to increased interest rates and higher average balances of interest-bearing bank and other borrowings[34]. - The total cost of sales for the six months ended June 30, 2023, was RMB 4,007,467,000, slightly down from RMB 4,042,930,000 in 2022, indicating a decrease of 0.9%[110]. Assets and Liabilities - Cash and cash equivalents as of June 30, 2023, were approximately RMB 210.7 million, compared to RMB 221.1 million as of December 31, 2022[38]. - Contract assets decreased by approximately 11.79% from RMB 2,771.0 million to RMB 2,444.3 million, representing 46.25% and 41.21% of total current assets at respective periods[40]. - Accounts receivable and notes receivable increased by approximately 14.68% from RMB 2,060.6 million to RMB 2,363.0 million, due to delayed settlements by customers[41]. - The debt-to-equity ratio increased from approximately 13.2% as of December 31, 2022, to 15.6% as of June 30, 2023, primarily due to increased interest-bearing bank and other borrowings[45]. - The total assets as of June 30, 2023, were RMB 6,496,196, while total liabilities were RMB 4,851,891, resulting in a debt-to-asset ratio of approximately 74.7%[99]. Shareholder and Governance - The company does not recommend the distribution of an interim dividend for the six months ended June 30, 2023[7]. - As of June 30, 2023, the company’s major shareholder, Jujiang Holdings, holds approximately 204 million shares, representing 38.25% of the company's total equity[60]. - The company’s board consists of six executive directors and three independent non-executive directors, fully complying with the corporate governance code[64]. - The audit committee has reviewed the unaudited interim financial statements for the six months ending June 30, 2023, confirming compliance with applicable accounting standards[70]. Strategic Initiatives - The company aims to enhance development quality through market optimization and risk prevention strategies[13]. - The company plans to expand its market presence in Yiwu, leveraging local economic advantages and enhancing cooperation with local governments and enterprises[20]. - The company aims to strengthen internal controls and risk prevention while enhancing external business development and customer maintenance to improve core competitiveness[54]. - The company will focus on key regions and clients to achieve both quantity and quality growth in the Yiwu market, with plans to replicate the Yiwu model and expand into external markets[54]. Other Information - The company has completed the feasibility study for the smart construction base project, which is expected to contribute positively to high-quality development if successfully implemented in the second half of the year[23]. - The company implemented 82 smart construction projects in the first half of 2023, further integrating BIM technology with project management[24]. - No significant post-reporting date events have occurred that would materially affect the company's operational and financial performance[68]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[57]. - The company will publish its interim report on the Hong Kong Stock Exchange and its website, ensuring compliance with listing rules[69].