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聲明，並表明不會就本公佈全部或任何部 分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 China Partytime Culture Holdings Limited 中 國 派 對 文 化 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1532） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 年 度 業 績 公 佈 中國派對文化控股有限公司（「本公司」）之董事會（「董事會」）欣然宣佈，本公司 及其附屬公司（統稱為「本集團」）截至二零二二年十二月三十一日止年度之經審 核綜合業績，連同截至二零二一年十二月三十一日止年度之比較數字如下： 綜合損益及其他全面收益表 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 收益 5 301,113 242,212 銷售成本 (226,055) (176,226) 毛利 75,058 65,986 其他收入 6 21,634 19,534 出售一間附屬公司的收益 – 1,030 分佔聯營公司虧損 (212) (3 ...

Revenue and Profitability - For the six months ended June 30, 2022, total revenue increased by 58.3% to approximately RMB161.3 million compared to RMB101.9 million for the same period in 2021[8]. - Revenue from the CMS business rose by approximately 28.2% from RMB92.7 million to RMB118.8 million, accounting for 73.6% of total revenue[12]. - Revenue from the OBM business surged by approximately 360.0% from RMB9.2 million to RMB42.5 million[13]. - Sales to the U.S. market increased by approximately 82%, contributing about 88% of total revenue for the six months ended June 30, 2022[14]. - The Group's revenue from wigs was RMB 11.6 million, representing 7.2% of total revenue, while clothing and others accounted for RMB 149.7 million, or 92.8%[75]. - For the six months ended June 30, 2022, the company reported revenue of RMB 161,315,000, an increase from RMB 101,928,000 in the same period of 2021, representing a growth of approximately 58.4%[88]. - The gross profit for the same period was RMB 36,675,000, compared to RMB 27,533,000 in 2021, indicating a gross profit margin improvement[88]. - The increase in revenue and gross profit during the period was the primary reason for the reduction in loss attributable to equity holders[76]. - Revenue from contract manufacturing services for the six months ended June 30, 2022, was RMB 118,768,000, compared to RMB 92,680,000 in the same period of 2021, marking an increase of approximately 28.2%[139]. - The original brand manufacturing business generated revenue of RMB 42,547,000 for the six months ended June 30, 2022, compared to RMB 9,248,000 in the same period of 2021, indicating a substantial increase[139]. Financial Position - Total assets grew by 13.6% to RMB553.6 million from RMB487.2 million[8]. - Total liabilities increased by 47.9% to RMB181.3 million from RMB122.6 million[8]. - The gearing ratio increased to 34.9%, up from 27.8%, indicating a rise in financial leverage[8]. - As of June 30, 2022, total cash and cash equivalents were approximately RMB 90.0 million, a decrease of approximately RMB 9.7 million from December 31, 2021[42][47]. - Current assets as of June 30, 2022, totaled RMB 258,080,000, an increase from RMB 170,077,000 at the end of 2021[90]. - The net current assets increased to RMB 83,117,000 as of June 30, 2022, compared to RMB 53,626,000 at the end of 2021[90]. - As of June 30, 2022, total equity increased to RMB 372,315,000 from RMB 364,540,000 as of December 31, 2021, representing a growth of approximately 2.1%[92]. - Net assets rose to RMB 372,315,000, up from RMB 364,540,000, indicating a growth of about 2.1%[92]. - The company's reserves increased to RMB 359,909,000 as of June 30, 2022, compared to RMB 352,328,000 at the end of 2021, reflecting a growth of approximately 2.3%[96]. Expenses and Losses - Gross profit margin decreased to 22.7% from 27.0%, reflecting a decline of 4.3 percentage points[8]. - Administrative and other operating expenses increased by approximately RMB 12.1 million, from approximately RMB 33.4 million to approximately RMB 45.4 million[24][29]. - The loss attributable to equity holders for the six months ended June 30, 2022, was approximately RMB 0.5 million, a significant decrease from a loss of RMB 5.2 million for the same period in 2021[75]. - The company incurred a loss of RMB 327,000 for the period, a significant reduction from a loss of RMB 5,154,000 in the previous year, reflecting an improvement in financial performance[88]. - The total comprehensive income attributable to owners of the company for the period was RMB 2,176,000, compared to a loss of RMB 3,044,000 in 2021[88]. - The company reported a basic loss per share of RMB 0.000484 for the six months ended June 30, 2022, compared to a loss of RMB 0.00567 for the same period in 2021, showing an improvement in loss per share[153]. Acquisitions and Investments - The Group entered into a sales and purchase agreement to acquire High Kelee Investment Holdings Limited for a total consideration of HK$42.8 million, with HK$8.8 million paid in cash and the remainder settled through the issuance of 170 million shares[52]. - Following the acquisition, High Kelee became a wholly-owned subsidiary, and the financial results will be consolidated into the Group's financial statements[54]. - The company completed the acquisition of High Kelee in July 2022, which is expected to enhance its business in fabric care, personal hygiene, and home care products[82]. - The company is actively seeking opportunities to diversify its business and broaden revenue streams through acquisitions and collaborations[83]. Cash Flow and Financing - For the six months ended June 30, 2022, cash flows from operating activities resulted in a net cash outflow of RMB 39,250,000, compared to a net inflow of RMB 130,000 in the same period of 2021[102]. - The company generated RMB 107,602,000 from borrowings during the financing activities for the six months ended June 30, 2022[102]. - The total current tax expense for the six months ended June 30, 2022, was RMB 906,000, compared to RMB 794,000 in 2021, reflecting an increase of approximately 14.1%[150]. - The company’s total income tax expenses for the six months ended June 30, 2022, were RMB 807,000, a decrease from RMB 1,247,000 in 2021, indicating a reduction of approximately 35.4%[150]. Operational Efficiency and Strategy - The company aims to improve operational efficiency and increase revenue as top priorities for 2022[82]. - The company aims to better utilize its assets by sub-leasing parts of its production plants to local enterprises[15]. - The board believes that ongoing litigation has no material impact on the company's business and finances[81]. Accounting and Reporting - The interim financial information for the six months ended June 30, 2022, is presented in thousands of Renminbi (RMB'000) and is unaudited[109][111]. - The Group's revenue and results are analyzed by operating and reportable segments, with strategic decisions made based on adjusted segment operating results[122][124]. - The Group adopted new and amended Hong Kong Financial Reporting Standards effective from January 1, 2022, but these had no material impact on the financial results[114][117]. - Management made significant accounting judgments and estimates that may affect the reported amounts of assets and liabilities, income, and expenses[120][123]. - The financial report does not include all information required in annual consolidated financial statements and should be read in conjunction with the annual report for the year ended December 31, 2021[108][110]. Assets and Liabilities - The total reportable segment assets as of June 30, 2022, amounted to RMB 553,608,000, compared to RMB 487,152,000 as of December 31, 2021, indicating an increase of approximately 13.6%[132]. - The reportable segment liabilities as of June 30, 2022, were RMB 181,293,000, up from RMB 122,612,000 as of December 31, 2021, reflecting an increase of approximately 47.5%[133]. - The fair value of the Group's investment properties as of June 30, 2022, was RMB101,177,000, down from RMB102,184,000 as of December 31, 2021[168]. - The carrying value of investment properties pledged as collateral for bank loans was RMB30,316,000 as of June 30, 2022, compared to RMB31,164,000 as of December 31, 2021[174]. - The net book amount of property, plant, and equipment as of June 30, 2022, was RMB164,661,000, compared to RMB184,261,000 as of December 31, 2021[193]. - The accumulated depreciation for property, plant, and equipment as of June 30, 2022, was RMB235,817,000, reflecting a charge of RMB16,062,000 for the period[190]. Market and Risk Factors - The Group's exposure to currency risk arises from sales to overseas customers primarily denominated in USD, with no current foreign currency hedging policy in place[62]. - The Group's investment properties experienced a decrease in fair value, indicating potential market challenges affecting rental income streams[171]. - The cash flow projections used for impairment testing were based on a five-year approved business plan[199]. - The estimated cost of capital was a key factor in determining the discount rates used in the cash flow projections[197].

Financial Performance - The turnover for the year ended December 31, 2021, amounted to approximately RMB 242.2 million, representing a decrease of 5.1% compared to 2020[14]. - The gross profit margin and net loss margin were approximately 27.2% and 7.2% respectively[14]. - The Group recorded a loss for the year attributable to owners of the Company of approximately RMB 17.7 million, a decrease of 74.1% from a loss of approximately RMB 68.4 million in 2020[14]. - Revenue decreased from RMB 255.3 million in 2020 to RMB 242.2 million in 2021, representing a decrease of 5.1%[39]. - Gross profit increased to RMB 65.986 million in 2021, up 2.6% from RMB 64.284 million in 2020[28]. - Gross profit margin improved to 27.2% in 2021, up from 25.2% in 2020, an increase of 2.0 percentage points[28]. - Cash generated from operations was RMB 25.238 million, a significant improvement of 312% compared to a cash usage of RMB 11.894 million in the previous year[28]. - Bank balances and cash increased by 103.8% to RMB 99.661 million from RMB 48.908 million in 2020[28]. - Revenue from the CMS business increased from approximately RMB 167.4 million in 2020 to approximately RMB 200.5 million in 2021, representing an increase of approximately 19.7% and accounting for about 82.8% of total revenue[87]. - Revenue from the OBM business decreased from approximately RMB 87.8 million in 2020 to approximately RMB 41.8 million in 2021, representing a decrease of approximately 52.5%[88]. Business Strategy and Development - The Group plans to diversify its business and broaden revenue streams by acquiring intellectual property rights with potential growth[21]. - The Group aims to collaborate with companies in upstream and downstream industries to create synergies and enhance business operations[21]. - The Group established an associate company focused on cultural tourism development, which is expected to create synergies with its cultural products[13]. - The Group plans to strengthen research and development capabilities and broaden its customer base by expanding its OBM business in the PRC market[66]. - The Group aims to seek cooperation with other intellectual property right owners and collaborate with companies in upstream and downstream industries to enhance production efficiency[66]. - The company established a "Party Culture Industrial Park" to enhance production efficiency and foster collaboration within the industry[40]. Market and Economic Conditions - The COVID-19 pandemic has adversely affected the Group's development plans, and 2022 is expected to remain challenging due to economic uncertainties[20]. - Over 90% of revenue was generated from sales to overseas customers across more than 10 countries, indicating significant reliance on international markets[50]. - The popularity of animation characters significantly influences market demand and revenue from related products, which may fluctuate based on market trends[57]. - Foreign currency exchange rate fluctuations may adversely affect profit margins, as most revenue is denominated in USD[56]. - The U.S. market contributed 67% of total revenue for the year ended 31 December 2021, up from 34.2% in 2020[93]. - Revenue from the PRC market contributed 12.5% of total revenue for the year ended 31 December 2021, compared to 5.4% in 2020[92]. Operational Efficiency - The Group's operational efficiency and effectiveness will be a focus for improvement in the upcoming year[21]. - 65% of the gross floor areas of the Yiwu and Yichun production plants were sub-leased as of December 31, 2021, up from 35% in 2020[42]. - Gross income from leasing factory premises was approximately RMB 4.932 million in 2021, down from RMB 5.424 million in 2020[45]. - The company maintained long-term business relationships with customers from over 20 countries, with the top five customers averaging over seven years of partnership[84]. - The company has over 70 suppliers and does not enter into long-term procurement agreements, mitigating risks from supplier loss[79]. Financial Position and Capital Management - The Group maintained a healthy financial position with net current assets of RMB 53.6 million and a net cash position at the financial year end[14]. - The Group's borrowings amounted to approximately RMB 89.3 million as of December 31, 2021, with a current ratio of 146.1% and a gearing ratio of 27.8%[119]. - The total amount of bank balances and cash as of December 31, 2021, was approximately RMB 99.7 million, an increase of approximately RMB 50.8 million compared to December 31, 2020[118]. - The net proceeds from the placing were approximately HK$31.0 million, intended for repayment of current debts and general working capital[145]. - As of December 31, 2021, approximately HK$15.7 million of the net proceeds were used to repay part of the principal and interests of the borrowings[146]. Governance and Compliance - The Company has fully complied with the Corporate Governance Code for the year ended 31 December 2021[166]. - The Group's internal control system includes three Independent Non-executive Directors, representing nearly half of the Board, ensuring adequate balance of power[167]. - The Board consists of five directors, including two executive directors and three independent non-executive directors[179]. - The Chairman and CEO roles are separated, with Ms. Chen Sheng as Chairman and Mr. Xu Chengwu as CEO[180]. - The Board has complied with listing rules by maintaining at least three independent non-executive directors, representing one-third of the Board[181]. - The Company provides sufficient resources for Board Committees to discharge their duties and seek independent professional advice when necessary[198].

th a farmating corture hordines him a Interim Report 中 期 報 告 091 Corporate Information 公司資料 2 Financial Highlights 財務摘要 4 Directors' Business Review and Management Discussion and Analysis 董事業務回顧與管理層討論及分析 5 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 16 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 17 Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 18 Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 20 Notes to th ...

(Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司) Stock Code 股份代號：1532 Annual Report 2020年報 Contents | --- | --- | --- | |--------------------------------------------------------------------------|--------------------------------|-------| | | | | | Financial Highlights | 財務摘要 | 2 | | Corporate Information | 公司資料 | 4 | | Chairman's Statement | 主席報告 | 6 | | Directors' Business Review and Management Discussion and Analysis | 董事業務回顧與管理層討論及分析 | 8 | | Corporate Governance Report | 企業管治報告 ...

ai159920961731_China Partytime IR2020 Cover output.pdf 1 4/9/2020 下午4:53 CHINA PARTYTIME CULTURE HOLDINGS LIMITED 中 國 派 對 文 化 控 股 有 限 公 司 www.partytime.com.cn (Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司) Stock Code 股份代號：1532 Interim Report 2020 中期報告 Contents 目錄 Corporate Information 公司資料 2 Financial Highlights 財務摘要 4 Directors' Business Review and Management Discussion and Analysis 董事業務回顧與管理層討論及分析 5 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Inco ...

(Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司 ) Stock Code 股份代號：1532 Annual Report 2019年報 Financial Highlights 財務 摘 要 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 6 Directors' Business Review and 董事業務回顧與管理層討論及分析 8 Management Discussion and Analysis Corporate Governance Report 企業管治報告 21 Directors and Senior Management 董事及高级管理人員 38 董事會報告書 Report of the Directors 41 環境·社會及管治報告 Environmental, Social and Governance Report 20 Independent Auditor's Report 獨立核數師報告 69 Consolid ...

CHINA PARTYTIME CULTURE HOLDINGS LIMITED 中 國 派 對 文 化 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited fability 煎陨曼群岛赶画成立的有限公司) Stock Code 股份代號 : 1532 Interim Report 非 Contents Corporate Information 公司資料 Financial Highlights 財務摘要 Directors' Business Review and 董事案務回顧與管理層討論及分析 Management Discussion and Analysis 簡明綜合損益及其他全面收益表 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合財務狀況表 Condensed Consolidated Statement of Financial Position 簡明綜合權益變動表 Condensed Consoli ...

(Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司 ) Stock Code 股份代號：1532 Annual Report 年報 Contents 目錄 Financial Highlights 財務摘要 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 6 Directors' Business Review and Management Discussion and Analysis 董事業務回顧與管理層討論及分析 8 Corporate Governance Report 企業管治報告 19 Directors and Senior Management 董事及高級管理人員 37 Report of the Directors 董事會報告書 40 Environmental, Social and Governance Report 環境、社會及管治報告 50 Independent Auditor's Report 獨立核數師報告 68 Co ...