Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 1,528,212,000, a decrease from RMB 1,571,343,000 in 2023, representing a decline of approximately 2.7%[4] - Gross profit for the year was RMB 97,301,000, compared to RMB 97,301,000 in 2023, indicating no change in gross profit margin[4] - The net loss for the year was RMB 405,699,000, significantly higher than the net loss of RMB 95,621,000 in 2023, reflecting an increase of approximately 324%[5] - Basic and diluted loss per share for the year was RMB 158.72, compared to RMB 26.83 in 2023, indicating a substantial increase in loss per share[5] - The company reported a loss from continuing operations of approximately RMB 413,400,000 for the year[12] - The net loss attributable to the company's owners for 2024 was RMB 311,294 thousand, compared to a loss of RMB 52,632 thousand in 2023, indicating a substantial increase in losses[22] - The group reported a pre-tax loss from continuing operations of RMB 319,149,000 for 2024, compared to RMB 53,762,000 in 2023, indicating a significant increase in losses[30] Assets and Liabilities - Total non-current assets decreased to RMB 702,725,000 in 2024 from RMB 882,264,000 in 2023, a decline of approximately 20.4%[6] - Current assets totaled RMB 2,995,424,000, slightly up from RMB 2,976,762,000 in 2023, showing a marginal increase of about 0.6%[6] - Total liabilities increased to RMB 1,965,865,000 in 2024 from RMB 1,542,205,000 in 2023, representing an increase of approximately 27.6%[6] - The total liabilities for the company increased to RMB 2,378,131 thousand in 2024 from RMB 2,131,086 thousand in 2023, representing an increase of approximately 11.6%[22] - The net assets of the company decreased from RMB 1,727,940,000 in 2023 to RMB 1,320,018,000 in 2024, indicating a decline of about 24%[7] - The company's total equity also fell from RMB 1,727,940,000 in 2023 to RMB 1,320,018,000 in 2024, a decrease of approximately 24%[7] - The total amount of loans and borrowings increased to RMB 988,594,000 in 2024 from RMB 810,187,000 in 2023, reflecting a rise in financing needs[39] Operational Highlights - The company plans to focus on market expansion and new product development in the upcoming fiscal year[3] - The company has not experienced significant changes in its main business operations, focusing on residential and commercial property development in China[9] - The company is adjusting sales and pre-sale activities to meet budgeted sales and pre-sale amounts for property projects[16] - The company is actively negotiating with the Zhengzhou Jinshui Science and Technology Park Management Committee regarding project completion assessments[16] Revenue Streams - For the year ending December 31, 2024, the revenue from continuing operations was RMB 43,131 thousand, a significant decrease from RMB 1,528,212 thousand in 2023[22] - The total revenue from discontinued operations was RMB 60,450 thousand in 2024, compared to RMB 84,027 thousand in 2023, reflecting a decline of approximately 28.1%[22] - The company reported a 97% decrease in revenue from property development, down to RMB 43,131 thousand from RMB 1,528,212 thousand in 2023[49] - The equipment manufacturing business generated revenue of approximately RMB 60,500,000 before being classified as discontinued operations as of December 31, 2024[52] Expenses and Cost Management - The company reported a significant increase in administrative expenses, totaling RMB 38,680,000 in 2024 compared to RMB 44,237,000 in 2023, reflecting a decrease of about 12.5%[4] - Selling and distribution expenses were approximately RMB 5,500,000, a decrease of about 53% compared to 2023, mainly due to reduced promotional and marketing activities for real estate projects[54] - Administrative expenses were approximately RMB 38,700,000, a decrease of about 13% compared to 2023, attributed to effective cost control measures[55] - Other operating expenses increased by approximately RMB 64,400,000 to about RMB 73,000,000, mainly due to increased impairment losses on investment properties and subsidiaries[56] Financial Position - Cash and cash equivalents were reported at approximately RMB 7,700,000, excluding restricted cash of about RMB 23,500,000[12] - The net current assets were approximately RMB 1,029,600,000, a decrease of about 28% compared to 2023, mainly due to increases in loans and trade payables[61] - The net debt-to-equity ratio increased to approximately 73% as of December 31, 2024, compared to 43% in 2023[62] Corporate Governance and Compliance - The company has maintained full compliance with the corporate governance code throughout the year ended December 31, 2024[71] - The audit committee has reviewed the annual performance and confirmed that it was prepared in accordance with applicable accounting standards and regulations[70] Future Outlook - The company aims to expand its projects through collaboration and resource integration, focusing on minimizing capital occupation[66] - The company emphasizes cost management from a profitability perspective, optimizing project cost structures to reduce enterprise risk[65] - The company plans to apply new accounting standards related to financial instruments and disclosures starting from 2026[45] Shareholder Information - The board did not declare or recommend any dividends for the year ending December 31, 2024[41] - The company did not declare or recommend any final dividend for the year ended December 31, 2024, consistent with 2023[73] - The company has not engaged in any buybacks, redemptions, or sales of its listed securities during the year ended December 31, 2024[68] Employee Information - As of December 31, 2024, the group had 42 employees, a decrease from 277 employees in 2023[67] - Total employee benefits expenses for the year ended December 31, 2024, amounted to approximately RMB 27,900,000, down from RMB 38,600,000 in 2023[67]

Financial Performance - For the fiscal year ending December 31, 2024, total revenue was RMB 1,528,212,000, a decrease from RMB 1,572,343,000 in 2023, representing a decline of approximately 2.8%[4] - The gross profit for the year was RMB 97,301,000, compared to RMB 97,301,000 in the previous year, indicating no change in gross profit margin[4] - The net loss for the year was RMB 405,699,000, significantly higher than the net loss of RMB 95,621,000 in 2023, reflecting an increase in loss of approximately 324%[5] - The company reported a significant increase in operating expenses, totaling RMB 370,345,000, compared to RMB 28,589,000 in the previous year, marking an increase of approximately 1,295%[4] - The company’s basic loss per share for the year was RMB 158.72, compared to RMB 26.83 in 2023, indicating a significant increase in loss per share[5] - The company’s total comprehensive loss for the year was RMB 390,074,000, compared to RMB 98,736,000 in 2023, reflecting an increase of approximately 295%[5] - The group reported a loss from operations of RMB (361,438) thousand for the year 2024, compared to a loss of RMB (27,530) thousand in 2023[22] - The group’s loss attributable to owners for the year 2024 was RMB (311,294) thousand, compared to RMB (52,632) thousand in 2023, indicating a worsening financial position[22] - The pre-tax loss from continuing operations for 2024 was RMB 319,149,000, compared to RMB 53,762,000 in 2023, indicating a significant increase in losses[29] - The basic and diluted loss per share from continuing operations for 2024 was RMB (162.72), up from RMB (27.41) in 2023, reflecting a worsening financial performance[30] Assets and Liabilities - The total assets as of December 31, 2024, were RMB 2,995,424,000, slightly up from RMB 2,976,762,000 in 2023, showing a growth of about 0.6%[6] - The current liabilities increased to RMB 1,965,865,000 from RMB 1,542,205,000 in 2023, representing an increase of approximately 27.6%[6] - The company’s non-current assets decreased to RMB 702,725,000 from RMB 882,264,000 in 2023, a decline of approximately 20.4%[6] - The total non-current liabilities decreased from RMB 588,881,000 in 2023 to RMB 412,266,000 in 2024, representing a reduction of approximately 30%[7] - The net assets of the company decreased from RMB 1,727,940,000 in 2023 to RMB 1,320,018,000 in 2024, indicating a decline of about 23.6%[7] - The total equity attributable to owners decreased from RMB 1,289,331,000 in 2023 to RMB 987,553,000 in 2024, reflecting a decrease of approximately 23.5%[7] - As of December 31, 2024, the total loans and borrowings amounted to approximately RMB 988,600,000, with RMB 854,000,000 classified as current borrowings[12] - The total loans and borrowings increased to RMB 988,594,000 in 2024 from RMB 810,187,000 in 2023, indicating a rise in financial leverage[39] Cash Flow and Financial Management - The company’s cash and cash equivalents decreased to RMB 31,220,000 from RMB 61,553,000 in the previous year, a decline of approximately 49.1%[6] - Cash and cash equivalents were reported at approximately RMB 7,700,000, excluding restricted cash of about RMB 23,500,000[12] - The group’s net financial expenses for 2024 amounted to RMB (54,017) thousand, compared to RMB (22,983) thousand in 2023, indicating an increase in financial costs[26] - Net financial expenses increased by approximately 141% to about RMB 44,700,000, primarily due to an increase in loans and borrowings[57] - The net debt-to-equity ratio increased to approximately 73% as of December 31, 2024, compared to 43% in the previous year[62] Revenue Breakdown - For the year ending December 31, 2024, the group reported external customer revenue of RMB 43,131 thousand from continuing operations, a significant decrease from RMB 1,528,212 thousand in 2023[22] - The company reported a 97% decrease in revenue from property development, down to RMB 43,131 thousand from RMB 1,528,212 thousand in 2023[49] - The gross profit for property development was approximately RMB 11,700,000, a significant decrease of about 88%, while the gross margin increased from 6% to 27% due to higher margin sales from commercial units[51] - Revenue from equipment manufacturing decreased by 28% to RMB 60,450 thousand, with a consistent gross profit margin of 28%[49] - The equipment manufacturing business generated revenue of approximately RMB 60,500,000 before being sold on October 15, 2024, allowing the company to reallocate financial resources for future development[52] Operational Changes and Strategies - The company is actively negotiating with the Zhengzhou Jinshui Science and Technology Park Management Committee regarding project completion assessments and loan repayment extensions[16] - The company is adjusting sales and pre-sale activities to meet budgeted sales and pre-sale amounts for property projects[16] - The company has not experienced significant changes in its main business operations, focusing on residential and commercial property development in China[9] - The company aims to enhance cost management by optimizing project cost structures and increasing control over operational costs[66] - The group plans to continue expanding its financing business and integrating resources to maximize funding efficiency[65] - The company plans to explore new business opportunities and enhance cash flow while continuing to advance the transformation of traditional real estate through industrial integration[64] Employee and Corporate Governance - As of December 31, 2024, the group had 42 employees, a decrease from 277 employees in 2023[67] - Total employee benefits expenses for the year ended December 31, 2024, amounted to approximately RMB 27,900,000, down from RMB 38,600,000 in 2023[67] - The audit committee has reviewed the annual performance and confirmed compliance with applicable accounting standards and regulations[70] - The board did not declare or recommend any dividends for the year ending December 31, 2024[41] - The company did not declare or recommend any final dividend for the year ended December 31, 2024[73] - The group has not engaged in any purchases, redemptions, or sales of its listed securities during the year ended December 31, 2024[68] - The company expresses gratitude to the management team and employees for their efforts in creating higher value[81] Future Outlook and Reporting - The company has adopted all new and revised International Financial Reporting Standards effective from January 1, 2024[43] - The company anticipates no significant impact on its financial statements from the newly adopted accounting standards[44] - The company plans to apply new accounting standards related to financial instruments and disclosures starting from 2025 and 2026[45] - The company expects to evaluate the detailed impact of new accounting standards on its financial statements[47] - The annual report for the year ending December 31, 2024, will be published on the Hong Kong Stock Exchange and the company's website[80] - Trading of the company's shares was suspended on April 1, 2025, pending the release of the annual performance announcement[82] - The company has applied for the resumption of trading of its shares on May 2, 2025[82] - The executive chairman of the company is Chen Zhiyong, with independent non-executive directors including Liu Ning, Dong Xincheng, and Chen Shimin[84]

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 58.716 million, a significant decrease from RMB 1,352.004 million for the same period in 2023[4] - The gross profit for the same period in 2024 was RMB 20.989 million, compared to RMB 53.390 million in 2023, indicating a decline in profitability[4] - The company reported a loss attributable to owners of RMB 71.710 million for the six months ended June 30, 2024, compared to a loss of RMB 41.838 million in the previous year[4] - The company reported a net loss of RMB 63,858 thousand for the six months ended June 30, 2024, compared to a net loss of RMB 56,684 thousand in the prior year[34] - The company reported a total comprehensive loss of RMB (71,710) thousand for the period, primarily due to losses in retained earnings[41] - The company’s total comprehensive loss for the period was RMB 63,493 thousand, compared to RMB 61,973 thousand in the previous year[35] - The company reported a pre-tax loss of RMB 85,248 thousand for the first half of 2024, compared to a profit of RMB 21,390 thousand in the same period of 2023[47] - For the six months ended June 30, 2024, the company reported a pre-tax loss of RMB 71,710,000, compared to a pre-tax loss of RMB 41,838,000 for the same period in 2023, indicating a significant increase in losses[56] Property Development Segment - The property development segment's revenue dropped from approximately RMB 1,311.600 million in 2023 to about RMB 32 million in 2024, with a significant reduction in the net saleable area delivered to customers[6] - The total net saleable area delivered in the property development business was approximately 2,103 square meters in 2024, a significant decline from 80,294 square meters in 2023[6] - Property development segment reported external customer revenue of RMB 31,985 thousand for the first half of 2024, a significant decrease from RMB 1,311,593 thousand in the same period of 2023[47] - Total assets for the property development segment as of June 30, 2024, were RMB 3,898,237 thousand, an increase from RMB 3,768,270 thousand as of December 31, 2023[49] Equipment Manufacturing Segment - The equipment manufacturing segment's revenue decreased by approximately 34% from RMB 40.400 million in 2023 to about RMB 26.700 million in 2024, attributed to economic uncertainties in Southeast Asian markets[8] - The equipment manufacturing segment generated external customer revenue of RMB 26,731 thousand in the first half of 2024, down from RMB 40,411 thousand in the previous year[47] - Total liabilities for the equipment manufacturing segment were RMB (21,784) thousand as of June 30, 2024, compared to RMB (25,920) thousand as of December 31, 2023[49] Expenses and Cost Management - Sales and distribution expenses for the six months ended June 30, 2024, decreased by approximately 75% compared to the same period in 2023, mainly due to reduced promotional and marketing activities[9] - Administrative expenses for the six months ended June 30, 2024, decreased by approximately 6% compared to the same period in 2023, primarily due to effective cost control measures implemented by the group[10] - Interest expenses rose to RMB (18,507) thousand in the first half of 2024, compared to RMB (15,243) thousand in the same period of 2023, reflecting an increase of about 14.87%[53] Cash Flow and Financial Position - The company’s cash and cash equivalents decreased to RMB 54,855 thousand from RMB 61,553 thousand as of December 31, 2023[36] - Cash and cash equivalents at the end of June 30, 2024, were RMB 18,083 thousand, down 82.1% from RMB 100,964 thousand at the end of June 30, 2023[39] - The company’s restricted cash decreased significantly, reflecting a reduction in financing activities[39] - The company’s cash and bank balances decreased to RMB 54,855 thousand from RMB 138,730 thousand year-on-year[39] - The company’s total loans and borrowings as of June 30, 2024, were RMB 1,012,978,000, compared to RMB 810,187,000 as of December 31, 2023, reflecting an increase in debt[60] - The net capital debt ratio as of June 30, 2024, was approximately 58%, up from about 43% on December 31, 2023[23] - As of June 30, 2024, the net debt ratio increased to 58% compared to 43% on December 31, 2023, with net debt amounting to RMB 958,123 thousand[69] Shareholder Information - Major shareholders include Mr. Zhang Wei, holding approximately 46.41% of the shares, and Mr. Chen Zhiyong, holding approximately 20.52%[16][18] - The company did not declare any interim dividend for the six months ended June 30, 2024[28] - The company did not declare or recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[63] Corporate Governance and Compliance - The company maintained its compliance with the corporate governance code throughout the reporting period[27] - The company has not adopted any new accounting standards that would significantly impact its financial position or performance during the reporting period[44] Employee Information - The group had 243 employees as of June 30, 2024, down from 283 in 2023, with total employee benefits expenses amounting to approximately RMB 15,100,000[20] - The company reported a total remuneration of RMB 1,580 thousand for key management personnel for the six months ended June 30, 2024, down from RMB 1,797 thousand for the same period in 2023[76] Strategic Outlook - The company aims to enhance its market presence and explore new strategies to recover from the current financial downturn[5] - The group anticipates continued challenges in the global economic environment, particularly in the real estate sector in China, and plans to adjust its business strategy accordingly[15] - The company continues to focus on developing residential and commercial properties in China, as well as HVAC and cleanroom equipment production and trade[42] Other Information - No significant acquisitions or disposals of subsidiaries occurred during the six months ended June 30, 2024[22] - There were no significant events after the reporting period up to the date of the report[29] - The company has no stock option plans as of June 30, 2024[70]

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 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （香港股份代號：1570） （於新加坡共和國註冊成立的有限責任公司） 未經審核中期業績公告 截 至2024年6月30日止六個月 偉 業 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈 本 公 司 及 其 附 屬 公 司 （統 稱「本集團」）截 至2024年6月30日 止 六 個 月 之 未 經 審 核 業 績。本 公 告 列 載 本 公 司截至2024年6月30日 止 六 個 月 之 中 期 報 告（「2024年中期報告」）全 文，並 符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則（「上市規則」）中 有 關 中 期 業 績 初 步 公 告 附 載 的 資 料 的 要 求。 * 僅供識別 WEIYE HOLDINGS LIM ...

Financial Performance - The gross profit from property development for the year ended December 31, 2023, was approximately RMB 97.3 million, a decrease of about 45% compared to the same period in 2022, primarily due to a gross profit margin of only 6% from the Xi Jing Fu project, which accounted for 81% of total revenue [9]. - Other income decreased by approximately 58% year-on-year, mainly due to a one-time gain of approximately RMB 9.1 million from the sale of certain subsidiaries recorded in 2022 [10]. - Net financial expenses for the year ended December 31, 2023, were approximately RMB 20.1 million, a decrease of about 17% compared to 2022, attributed to lower interest rates on loans and borrowings [10]. - Sales and distribution expenses for the year ended December 31, 2023, were approximately RMB 11.8 million, a decrease of about 52% compared to the previous year, mainly due to reduced promotional and marketing activities for real estate projects launched during the year [10]. - Administrative expenses for the year ended December 31, 2023, were approximately RMB 67.6 million, a decrease of about 36% compared to 2022, due to effective cost control measures implemented by the company [10]. - The group reported a net loss of RMB 95.6 million for the year ended December 31, 2023, indicating significant uncertainty regarding the group's ability to continue as a going concern [170]. Assets and Liabilities - The company reported a net asset value of approximately RMB 1.43 billion as of December 31, 2023, an increase of about 10% compared to the previous year, primarily due to a reduction in contract liabilities and trade payables [10]. - The total outstanding loans and borrowings as of December 31, 2023, amounted to approximately RMB 810.2 million, with stable loan and borrowing levels maintained throughout the year [10]. - The group owns completed properties and properties under development in China valued at approximately RMB 1,868 million, representing about 48% of total assets as of December 31, 2023 [172]. - The investment properties in China are valued at approximately RMB 478 million, accounting for about 12% of total assets as of December 31, 2023 [175]. - The company had no available reserves for distribution due to accumulated losses as of December 31, 2023 [152]. Corporate Governance - The company adhered to the Hong Kong Corporate Governance Code throughout the fiscal year ending December 31, 2023 [22]. - The board consists of a strong majority of independent non-executive directors, with three independent non-executive directors making up over half of the board [28]. - The Nomination Committee is responsible for reviewing the training and professional development plans for the board [30]. - Each executive director has a service contract with a term of three years, while independent non-executive directors have appointment letters for the same duration [32]. - The Audit Committee reviews the effectiveness of the internal control systems and reports any significant non-compliance directly to the committee [42]. - The company has not implemented any employee stock option plans or long-term incentive plans [39]. - The board ensures that independent non-executive directors do not receive excessive remuneration that could compromise their independence [39]. - The company maintains regular communication with the board through various means, including financial data distribution [41]. - The board has adopted a nomination policy outlining the procedures and criteria for selecting and reappointing directors [34]. - The company provides appropriate training for newly appointed directors, including background information on its history, purpose, and values [27]. - The company has established a board diversity policy aimed at achieving sustainable and balanced development, with a gender representation target of at least one director of a different gender by December 31, 2024 [60]. - The audit committee is responsible for reviewing any matters that may significantly impact the group's operating performance or financial condition, including potential fraud or violations of laws [69]. - The risk management and internal control systems are deemed effective but not absolute, and cannot ensure the absence of significant financial misstatements or losses [68]. - The remuneration committee aims to ensure fairness and avoid rewarding underperformance when reviewing service agreements for executive directors and key management personnel [64]. - The company will monitor and confirm that directors dedicate sufficient time and attention to their responsibilities annually [57]. - The nomination committee will evaluate the contributions and attendance of individual directors at board meetings [57]. - The company has a framework for the remuneration of non-executive directors, considering peer salaries and the responsibilities involved [63]. - The board is provided with sufficient and timely information regarding matters requiring decisions, ensuring all directors can access necessary data independently [61]. - The external auditor's fee for audit services provided to the company for the year ending December 31, 2023, was approximately RMB 1,800,000 [71]. - The company has implemented a zero-tolerance policy towards corruption, bribery, fraud, and money laundering, ensuring compliance with relevant laws and regulations [73]. - The internal audit function has been adequately resourced and positioned within the company to support the audit committee's oversight responsibilities [74]. - The company has established a whistleblowing policy allowing employees and third parties to report misconduct anonymously, with no reports received under this mechanism as of the report date [91]. - The audit committee has recommended the reappointment of the external auditor, Li Xin De Hao, at the upcoming annual general meeting [90]. - The company has a structured remuneration policy for executive directors and senior management, linking compensation to individual performance and company risk policies [84]. - The company ensures equal treatment of all shareholders and timely communication of significant developments affecting the group [75]. - The company conducts annual anti-corruption training for the board and employees, with new hires required to undergo training on the code of conduct [73]. - The company has reviewed its shareholder communication policy and found it effective in maintaining open channels with shareholders [77]. - The management regularly provides the board with appropriate management accounts detailing the group's performance, condition, and prospects [86]. - The company has outsourced its internal audit function to an external consultant, ensuring that internal auditors can review all documents and records without restrictions [93]. - The board confirmed the importance of the internal audit function, which is independent of management, as a key means for the audit committee to effectively carry out its responsibilities [93]. - The company has established procedures to ensure timely reporting of all transactions with related parties to the audit committee, ensuring compliance with normal commercial terms [103]. - As of December 31, 2023, there were no related party transactions that required shareholder approval under the listing rules [111]. - The company has amended its articles of association in accordance with changes to the listing rules, which were approved by shareholders at the annual general meeting on May 31, 2023 [107]. - The board has developed and reviewed corporate governance policies and practices, ensuring compliance with legal and regulatory requirements [115]. - All resolutions presented at the company's general meetings are voted on, with results disclosed on the "Disclosure Easy" website after the meetings [101]. - The company encourages shareholder participation in general meetings and ensures high levels of accountability by informing shareholders of the group's strategies and development plans [100]. - The company has adopted internal compliance rules based on best practices for securities trading applicable to all senior officers [109]. - The company has established a process to review and monitor the training and continuous professional development of its directors and senior management [105]. Employment and Workforce - The group employed a total of 277 full-time employees as of December 31, 2023, down from 294 in 2022, with a gender ratio of approximately 72% male to 28% female [139]. Shareholder Information - The company did not declare a final dividend for the year ending December 31, 2023, consistent with the previous year [126]. - The company reported no changes in its issued share capital for the year ending December 31, 2023 [130]. - The group had no changes in investment properties for the year ending December 31, 2023 [127]. - The largest customer accounted for 0.34% of sales, while the top five customers together accounted for 0.91% [131]. - The largest supplier accounted for 25.87% of purchases, with the top five suppliers totaling 73.39% [131]. - There were no arrangements made during the fiscal year that would allow directors to benefit from acquiring shares or bonds of the company or any other company [187]. - The company has no share option plans as of the date of this annual report [188]. - The independent auditor, Lixin Dehao, has expressed willingness to continue serving as the company's auditor, with a resolution to be presented at the upcoming annual general meeting [189]. - The board of directors is responsible for overseeing the financial reporting process of the group, with the audit committee assisting in fulfilling these responsibilities [200].

Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 1,612,239 thousand, representing an increase of 21.6% compared to RMB 1,326,465 thousand in 2022[4] - The gross profit decreased to RMB 121,013 thousand, down 41.3% from RMB 206,236 thousand in the previous year[4] - The net loss for the year was RMB 95,621 thousand, compared to a profit of RMB 46,706 thousand in 2022, indicating a significant decline in profitability[4] - Operating activities resulted in a loss of RMB 27,530 thousand, contrasting with a profit of RMB 81,560 thousand in the prior year[4] - The company reported a net loss attributable to shareholders of RMB 52,632 thousand in 2023, compared to a profit of RMB 7,625 thousand in 2022[28] - The group incurred a loss of approximately RMB 95.6 million for the year[15] - The company reported a basic and diluted loss per share of RMB (26.83) for the year ended December 31, 2023, compared to a profit of RMB 3.89 in 2022[38] Assets and Liabilities - The total assets as of December 31, 2023, were RMB 2,976,762 thousand, down from RMB 4,746,122 thousand in 2022[8] - The total liabilities decreased to RMB 1,542,205 thousand from RMB 3,444,688 thousand in the previous year, reflecting a reduction in financial obligations[8] - Total assets decreased to RMB 3,859,026 thousand in 2023 from RMB 5,640,773 thousand in 2022, a decline of 31.6%[28] - Total liabilities were RMB 2,131,086 thousand in 2023, down from RMB 3,808,097 thousand in 2022, indicating a reduction of 44.1%[28] - As of December 31, 2023, total loans and borrowings amounted to approximately RMB 810 million, with RMB 501 million classified as current borrowings[15] - The total outstanding loans and borrowings as of December 31, 2023, amounted to approximately RMB 810,200,000[74] Cash Flow and Financing - The group has cash and cash equivalents of only approximately RMB 41 million as of December 31, 2023[15] - The group successfully obtained new loans amounting to RMB 139.6 million after December 31, 2023[20] - The group has available unused bank financing of RMB 80 million[20] - The group completed the extension of bank borrowings of RMB 20 million due in March 2024[20] - The board believes that, assuming the successful and timely implementation of plans and measures, the group will have sufficient working capital to meet its financial obligations during the forecast period[17] - The group is actively negotiating with lenders regarding the extension of overdue borrowings[20] Operational Segments - The group is divided into two reporting segments: property development and equipment manufacturing, which includes cleanroom equipment and HVAC products[22] - Property development revenue for the year ended December 31, 2023, was approximately RMB 1,528,200,000, an increase of about 27% compared to 2022, primarily driven by contributions from Xi Jing Fu and Wei Ye Lan Ting Wan, which contributed approximately RMB 1,244,600,000 and RMB 212,000,000 respectively[62] - Equipment manufacturing revenue decreased by approximately 33% to about RMB 84,000,000, attributed to the completion of several major projects in previous years[63] Cost Management and Expenses - Selling and distribution expenses for the year were approximately RMB 11,800,000, a decrease of about 52% due to reduced promotional and marketing activities for real estate projects[65] - Administrative expenses decreased by approximately 36% to about RMB 67,600,000, mainly due to effective cost control measures implemented by the group[66] - Net financial expenses decreased by approximately 17% to about RMB 20,100,000, primarily due to lower interest rates on loans and borrowings[69] - The total employee welfare expenses for the group amounted to approximately RMB 38.6 million for the year ended December 31, 2023, down from RMB 70.8 million in 2022[82] Market Strategy and Future Plans - The company plans to continue expanding its market presence and investing in new product development to drive future growth[30] - The group plans to focus on "low investment, high return" quality projects in 2023, adapting to the current financial environment and real estate policies[77] - The group aims to continue exploring mature market areas such as the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area, integrating various resources for project development[80] Compliance and Audit - The audit committee has reviewed the annual performance for the year ended December 31, 2023, and confirmed compliance with applicable accounting standards[86] - The independent auditor confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023, in accordance with International Financial Reporting Standards[95] Going Concern and Risks - Significant uncertainty exists regarding the group's ability to continue as a going concern, which may impact its ability to realize assets and settle liabilities[18] - The group recognizes that foreign exchange risk is not significant due to its operations primarily in RMB and SGD, and has not used any financial instruments for hedging[76]

Revenue and Profitability - Revenue for the six months ended June 30, 2023, was approximately RMB 1,352,004,000, an increase of 20.5% from RMB 1,122,609,000 in the same period of 2022[6] - The company reported a loss attributable to shareholders of RMB 41,838,000, compared to a profit of RMB 36,609,000 in the same period last year, leading to a loss per share of RMB 21.33[6] - The company reported a net loss of RMB 56,684 thousand for the period, compared to a profit of RMB 81,323 thousand in the same period last year[48] - The total comprehensive loss for the period amounted to RMB 61.973 million, with a loss attributable to owners of the company of RMB 56.684 million[61] - The company reported a basic and diluted loss per share of RMB 21.33 for the six months ended June 30, 2023, compared to earnings of RMB 18.67 in the same period of 2022[49] Gross Profit and Margins - Gross profit decreased significantly to RMB 53,390,000, down 77.9% from RMB 240,843,000 year-over-year, resulting in a gross margin of only 3% compared to 21% in the previous year[6][10] - Gross profit decreased to RMB 53,390 thousand, down 77.8% from RMB 240,843 thousand year-on-year[48] Sales and Deliveries - Property development sales increased to RMB 1,311,593,000, up from RMB 1,059,043,000, with the major contributions coming from projects such as Xijingfu and Weiye Lanting Bay[9] - The net saleable area delivered to customers was approximately 80,294 square meters, down from 105,034 square meters in the previous year[9] - External customer revenue for the property development segment increased to RMB 1,311,593 thousand in 2023 from RMB 1,059,043 thousand in 2022, representing a growth of 23.7%[80] Expenses and Cost Control - Selling and distribution expenses decreased by approximately 47% due to reduced promotional and marketing activities[12] - Administrative expenses were down about 41% as a result of effective cost control measures implemented by the company[13] - The total employee welfare expenditure for the group was approximately RMB 18 million for the six months ended June 30, 2023, down from RMB 36.7 million in 2022[29] - Total remuneration for key management personnel decreased to RMB 1,797,000 in 2023 from RMB 2,766,000 in 2022, a reduction of about 35%[128] Financial Position - As of June 30, 2023, the company had net current assets of approximately RMB 1,354,700,000, a decrease of 4% compared to December 31, 2022[21] - The total outstanding loans and borrowings amounted to approximately RMB 815,600,000, with cash and cash equivalents of about RMB 138,700,000 as of June 30, 2023[21] - The company’s cash and cash equivalents decreased from RMB 407,971 thousand at the end of 2022 to RMB 138,730 thousand as of June 30, 2023[51] - The company’s net assets decreased from RMB 1,832,676 thousand at the end of 2022 to RMB 1,770,703 thousand as of June 30, 2023[53] - The company’s net debt stood at RMB 676,831,000 as of June 30, 2023, compared to RMB 430,297,000 at the end of 2022[120] Debt and Liabilities - As of June 30, 2023, the net capital debt ratio of the group was approximately 38%, compared to about 23% on December 31, 2022[32] - Total liabilities for the company decreased to RMB 2,352,832 thousand as of June 30, 2023, from RMB 3,808,097 thousand as of December 31, 2022[82] - Current liabilities decreased from RMB 3,444,688 thousand at the end of 2022 to RMB 1,902,705 thousand as of June 30, 2023[53] Business Strategy and Operations - The group plans to adjust its business strategy in response to challenges in the real estate sector, focusing on cash flow and shifting from heavy asset investment to light asset operations[22] - The company operates primarily in property development and HVAC equipment production and trade, focusing on residential and commercial properties in China[63] - The company’s business segments include property development, which encompasses the development and sale of commercial and residential properties[72] - The company’s management is focused on resource allocation and performance assessment across different business segments[75] Corporate Governance and Compliance - The group has maintained compliance with the corporate governance code throughout the reporting period[37] - The company did not declare or recommend an interim dividend for the six months ended June 30, 2023, consistent with the previous year[110] Acquisitions and Disposals - The group has not made any significant acquisitions or disposals of subsidiaries during the six months ended June 30, 2023[31] - The company sold its entire interest in Guangdong Leidin Real Estate Development Co., Ltd. for RMB 112,000,000, generating a profit of approximately RMB 1,389,000[130] - The sale of Zhongwei Smart Cold Chain Logistics Co., Ltd. for RMB 5,150,000 resulted in a profit of approximately RMB 2,503,000, with net assets of RMB 2,647,000 at the time of sale[130] Accounting and Financial Reporting - The company has adopted new accounting standards effective from January 1, 2023, which did not have a significant impact on its accounting policies[66] - The company capitalized sales agent commissions as contract costs under IFRS 15, reflecting a strategic shift in accounting treatment[125] - The company relies on expert opinions and past experiences to estimate total contract costs, ensuring accuracy in financial reporting[125] - The company has applied practical expedients under IFRS 15, not disclosing remaining performance obligations for contracts expected to be completed within one year[125]

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，概不對本公告全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於新加坡共和國註冊成立的有限責任公司） （香港股份代號：1570） 未 經 審 核 中 期 業 績 公 告 截 至2023年6月30日 止 六 個 月 偉業控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公司 （統稱「本集團」）截至2023年6月30日止六個月之未經審核業績。本公告列載本公 司截至2023年6月30日止六個月之中期報告（「2023年中期報告」）全文，並符合香 港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）中有關中期業績 初步公告附載的資料的要求。 ...

Real Estate Development - The total net saleable floor area transferred to customers was approximately 120,375 square meters, an increase of about 14% compared to 105,267 square meters in the same period of 2021[15]. - The sales revenue from real estate business was approximately RMB 1.2 billion, representing a year-on-year increase of about 28% due to the resumption of project deliveries affected by the pandemic[15]. - The company plans to continue its "real estate + industry" development model, focusing on high-quality projects and selective deepening in target cities[13]. - The company has 25 completed real estate projects with a total construction area of approximately 2,980,797 square meters as of December 31, 2022[5]. - The company is actively responding to the government's "guarantee delivery" policy by collaborating with state-owned platform companies to undertake quality projects in the market[15]. - The company aims to shift its business development model from "doing strong and big" to "doing precise and detailed" in response to market conditions[15]. - The company is focusing on developing industrial real estate projects, including smart cold chain logistics industrial parks and global health and wellness tourism bases[16]. - The company has three ongoing real estate projects with a total construction area of approximately 194,902 square meters[5]. - The company maintains a cautiously optimistic attitude towards the recovery of the real estate industry in 2023, despite uncertainties in the international and domestic economic environment[12]. - The company anticipates better policy support for first-time homebuyers and improved housing demand due to the rise of millennial and Gen Z consumer groups, leading to a shift towards high-end market demand[18]. - The company plans to strengthen strategic partnerships to enhance performance in traditional real estate projects and reduce operational risks through collaboration[19]. - The company aims to transition from heavy asset investments to light asset operations, focusing on cash flow recovery and healthy development amidst adverse factors like real estate policies and the pandemic[21]. - The company will continue to explore mature regional markets such as the Yangtze River Delta and the Guangdong-Hong Kong-Macau Greater Bay Area, prioritizing "EPC+" projects and light asset projects[22]. - The company is committed to optimizing project cost structures and enhancing cost management to ensure project profitability and minimize risks[21]. - The real estate market in Zhengzhou is expected to stabilize and develop steadily due to government support policies and the city's rising status as a national central city[34]. - As of December 31, 2022, the company has completed 16 real estate projects located in Henan Province[35]. - The company continues to focus on the "Shanghai one-hour economic circle" and seeks quality projects with moderate total prices and fast turnover[52]. - The company has 4 real estate projects in the Yangtze River Delta region as of December 31, 2022, with 3 completed and 1 under development[52]. - The real estate market in the Yangtze River Delta experienced a significant decline in sales volume compared to 2021, influenced by various regulatory measures[50]. - The company aims to explore high-quality projects in regions such as Guangdong West, Guangxi, and Southwest China in 2023[45]. - The company is actively seeking to transform and upgrade its real estate projects in response to external market changes, focusing on low-cost and high-yield industrial projects[52]. - The Hainan Free Trade Port's construction is expected to enhance the value of real estate in the region as it approaches the 2025 closure operation milestone[44]. Financial Performance - In 2022, the total revenue of the company was approximately RMB 1,326.5 million, a decrease of about 30% compared to 2021[64]. - The real estate development segment generated revenue of approximately RMB 1,201.1 million in 2022, an increase of about 28% year-on-year[65]. - The equipment manufacturing segment recorded revenue of approximately RMB 125.3 million, a 55% increase compared to 2021[67]. - The gross profit from real estate development was approximately RMB 176.3 million, a 15% increase from the previous year[66]. - The gross profit margin for the equipment manufacturing segment improved from 23% to 24% in 2022[67]. - The net financial expenses decreased by approximately 46% to RMB 24.2 million due to reduced loans and borrowings[71]. - The company’s administrative expenses were approximately RMB 106.5 million, a decrease of about 38% year-on-year due to strict cost control measures[70]. - The company expects the real estate industry to stabilize and recover in the foreseeable future following government policy adjustments[64]. - The income tax expense for the year ended December 31, 2022, increased by approximately RMB 12,800,000 due to higher profits, while land appreciation tax provisions decreased by about RMB 42,900,000[72]. - The net decrease in development properties and prepaid costs was approximately RMB 1,600,200,000, primarily due to the sale of subsidiaries amounting to RMB 764,400,000[73]. - As of December 31, 2022, the group's current assets net value was approximately RMB 1,301,400,000, a decrease of about 26% compared to the same period in 2021[74]. - The net debt-to-equity ratio as of December 31, 2022, was approximately 23%, down from 31% on December 31, 2021[81]. - The group sold its entire equity in Guangdong Leidin Real Estate Development Co., Ltd. for approximately RMB 112,000,000 and in Wei Ye Holdings (Shenzhen) Group Co., Ltd. for approximately RMB 81,000,000 during the year ended December 31, 2022[84]. - Employee benefit expenses totaled approximately RMB 70,800,000 for the year ended December 31, 2022, down from RMB 108,600,000 in 2021[78]. - The group’s outstanding loans and borrowings amounted to approximately RMB 838,300,000 as of December 31, 2022[74]. - Contract liabilities decreased by approximately RMB 949,400,000 due to sales confirmations in 2022[73]. - Trade and other payables decreased by approximately RMB 422,200,000, mainly due to the settlement of construction projects[73]. - The company had no available reserves for distribution due to accumulated losses as of December 31, 2022[174]. - The company’s issued share capital remained unchanged as of December 31, 2022[169]. - The company reported no significant changes in its main business activities as of December 31, 2022[160]. - The company did not recommend the payment of a final dividend for the year ending December 31, 2022, consistent with the previous year[163]. - The largest customer accounted for 29.40% of total sales, while the top five customers together represented 30.16%[175]. - The largest supplier contributed to 23.98% of total purchases, with the top five suppliers accounting for 68.22%[175]. Corporate Governance - The company maintains high standards of corporate governance to create value for customers and shareholders[93]. - The Board of Directors oversees the entire strategy and performance of the group, including major investments and financial performance reviews[94]. - The company has adhered to the Hong Kong Corporate Governance Code throughout the fiscal year ending December 31, 2022[93]. - The Audit Committee, Nomination Committee, and Remuneration Committee assist the Board in fulfilling its responsibilities[94]. - The company is headquartered in Zhengzhou, Henan Province, China, with a registered office in Singapore[91]. - The company has established relationships with major banks, including China Construction Bank and Shanghai Pudong Development Bank[91]. - The board of directors held 4 regular meetings in the year ending December 31, 2022, with all members attending 100% of the meetings[96]. - The company has a strong independent non-executive director presence, with over half of the board being independent, ensuring effective governance[100]. - The board approved significant investment and fundraising decisions, as well as the announcement of interim and annual financial results[96]. - The company has implemented internal guidelines requiring board approval for major transactions and agreements outside of normal business operations[96]. - The board is committed to ongoing training and updates regarding regulatory changes and financial reporting standards to enhance governance practices[97]. - The company has been listed on the Hong Kong Stock Exchange since April 6, 2016, and continues to provide directors with updates on listing rule changes[98]. - The board's composition includes members with diverse skills and experiences, facilitating effective decision-making[101]. - The company encourages directors to participate in seminars and training to improve their capabilities in fulfilling their responsibilities[97]. - The board has established a process for informal meetings to discuss financial performance and governance measures without management present[101]. - The company ensures that newly appointed directors receive comprehensive training and orientation regarding their roles and responsibilities[98]. - The company appointed Chen Zhiyong as the Chairman and Hong Junli as the CEO after Zhang Wei's resignation, ensuring compliance with corporate governance codes[102]. - The Nomination Committee consists of three independent non-executive directors, focusing on board effectiveness and strategic discussions[106]. - The company aims to achieve gender diversity on the board by having at least one director of a different gender by December 31, 2024[116]. - Independent non-executive directors are deemed independent and capable of making independent judgments regarding the company's affairs[115]. - The board has a diversity policy that considers various factors including gender, age, cultural background, and professional experience[116]. - Each executive director has a service contract with a term of three years, ensuring regular rotation and re-election at the annual general meeting[111]. - The Nomination Committee is responsible for reviewing the independence of independent non-executive directors annually[113]. - The company emphasizes collective decision-making within the board, preventing power concentration in individuals[104]. - The board's diversity policy is designed to support sustainable development and strategic goals[116]. - The company has adopted a nomination policy outlining the procedures and criteria for selecting and reappointing directors[117]. - The remuneration committee is composed of three independent non-executive directors, responsible for determining the remuneration framework for directors and key management personnel[119]. - The committee reviews and approves the remuneration policies and benefits plans for executives, ensuring they align with the company's objectives and performance[120]. - The company does not implement any employee stock option plans or long-term incentive plans for its executives[123]. - The remuneration for executive directors is linked to individual performance and is structured to include both fixed salary and variable components[123]. - The board ensures that independent non-executive directors do not receive excessive remuneration that could compromise their independence[123]. - The company has adopted a remuneration policy aimed at providing fair market compensation to attract and retain high-quality directors and management[125]. - The board is responsible for presenting a balanced assessment of the company's performance and financial position to shareholders[126]. - Management regularly provides the board with appropriate financial information regarding the group's performance and outlook[127]. - The company ensures compliance with applicable regulations regarding the handling and dissemination of insider information[127]. - The remuneration committee aims to ensure that termination clauses in executive contracts are fair and reasonable, avoiding excessive payouts[122]. Risk Management and Internal Control - The company maintains an internal control system across all subsidiaries, aiming to manage risks rather than eliminate them, providing reasonable assurance against significant financial misstatements or losses[128]. - The board and audit committee believe that the risk management and internal control systems were effective for the year ending December 31, 2022, addressing significant financial, operational, compliance, and IT risks[129]. - The audit committee consists of three independent non-executive directors, focusing on reviewing audit plans, financial statements, and risk management procedures[131]. - The company paid approximately RMB 2,400,000 for audit services to the external auditor for the year ending December 31, 2022, with no non-audit services provided[134]. - The company has established a whistleblowing policy allowing employees and third parties to report misconduct anonymously, with no reports received as of the report date[135]. - The audit committee is responsible for reviewing and approving all hedging policies and tools implemented by the company[136]. - The company emphasizes the importance of maintaining effective communication and cooperation between the audit committee and management[133]. - The audit committee has the discretion to invite any director or executive to attend meetings as necessary[133]. - The company has a structured process for receiving, retaining, and handling complaints that may negatively impact its operations[136]. - The audit committee will report any findings related to fraud or regulatory violations that could significantly affect the company's performance or financial condition[133]. - The company maintains a zero-tolerance policy towards corruption, bribery, fraud, and money laundering, adhering strictly to Chinese laws and the Hong Kong Prevention of Bribery Ordinance[138]. - The internal audit function is outsourced to an external consultant, ensuring independence from management and allowing unrestricted access to all company documents and personnel[139]. - The company has established a comprehensive communication policy to ensure all shareholders are treated equally and informed of significant developments in a timely manner[140]. - Shareholders have the right to attend and participate in the company's annual general meetings, where they can express their views and ask questions regarding the company's operations[141]. - The company will not implement selective disclosure, ensuring that price-sensitive information is publicly released before meetings with investors or analysts[142]. - The frequency and amount of dividends declared will consider the company's profit growth, cash position, and anticipated funding requirements for business growth[142]. - The company encourages shareholder participation in meetings to ensure high levels of accountability and to communicate its strategic and development plans[147]. - The audit committee reviews the adequacy and effectiveness of the internal audit function annually, ensuring it is supported with sufficient resources[139]. Employment and Workforce - As of December 31, 2022, the group employed a total of 294 full-time employees, a decrease from 449 in 2021, indicating a reduction of approximately 34.5%[182]. - The gender ratio of the employee workforce is approximately 70% male to 30% female, with the company continuing to consider diversity factors in hiring[182]. Shareholder and Stakeholder Relations - The company has complied with all relevant laws and regulations, promoting environmental and social responsibility[190]. - The controlling shareholders have adhered to their commitments under the non-competition agreement as assessed by independent non-executive directors[193]. - The company has not entered into any significant transactions or agreements where directors have a direct or indirect significant interest during the year[189]. - The board has the authority to determine director remuneration, which requires shareholder approval at the annual general meeting[179]. - The company maintained the required minimum public float as per listing rules as of the report date[194]. - There were no arrangements made during the fiscal year that would allow directors to benefit from acquiring shares or bonds of the company or any other company[195]. - As of the report date, the group has no share option plans in place[196]. - The auditor, Lixin Dehao, has expressed willingness to be reappointed as the company's auditor, with a resolution to be presented at the upcoming annual general meeting[197]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2022, in accordance with International Financial Reporting Standards[200].

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，概不對本公告全 部或任何部分內容而產生或因依賴該內容而引致的任何損失承擔任何責任。 （於新加坡共和國註冊成立的有限責任公司） （香港股份代號：1570） 截 至2022年12月31日 止 年 度 全 年 財 務 業 績 公 告 偉業控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）提交本公司及其附 屬公司（統稱「本集團」）截至2022年12月31日止年度之綜合業績，以及相關對比 數據，如下： ...