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。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2024 年 12 月 31 日止年度 全年業績公告 財務摘要 – 1 – ‧ 收入增加約3.4%至約人民幣3,207.7百 萬 元（2023年財政年度：約人民幣 3,102.9百萬元）。 ‧ 毛利增加約5.4%至約人民幣1,163.1百 萬 元（2023年財政年度：約人民幣 1,103.0百萬元）。 ‧ 本公司擁有人應佔溢利減少約7.2%至約人民幣563.5百萬元（2023年財政年 度：約人民幣607.4百萬元）。 ‧ 每股基本盈利減少8.2%至約人民幣56分（2023年財政年度：約人民幣61分）。 ‧ 建議末期股息為每股30港仙。 ‧ 資本開支減少約2.0%至約人民幣256.8百萬元（2023年財政年度：約人民幣 262.1百萬元）。 ‧ 綜合資產淨值增加約0.2 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of HKD 4.5 per share, indicating a potential upside of 22.6% from the current price of HKD 3.65 [2][6][19]. Core Insights - The company has demonstrated steady revenue and profit growth in the first half of 2024, with revenue reaching RMB 1,646.4 million, a year-on-year increase of 8.6%, and a net profit attributable to shareholders of RMB 322.2 million, up 22.2% [4][7][15]. - The company is repositioning itself as a "global supplier," focusing on automotive plastic parts surface treatment, despite a slight decline in sales volume [10][11]. - The gross profit margin improved to 37.3% in the first half of 2024, up from 33.4% in the same period of 2023, attributed to stable sales costs and improved operational efficiency at the Mexican factory [5][15][19]. Summary by Sections Financial Performance - As of June 30, 2024, the company had cash reserves of RMB 978 million, a 46.6% increase from the end of 2023, and bank loans decreased by 11.6% to RMB 62.3 million [3][9][19]. - The company’s total assets were RMB 51.8 billion, with a net asset value of RMB 38.6 billion [3]. Market Position and Strategy - The global automotive sales are expected to see slight growth in 2024, with an estimated total of over 92 million vehicles sold, the highest since 2018 [10]. - The company’s sales volume of automotive parts decreased from approximately 193.5 million units in the first half of 2023 to about 189.2 million units in the first half of 2024, while the average selling price increased by 11.1% [10][11]. Future Projections - The company forecasts revenues of RMB 31.85 billion, RMB 34.38 billion, and RMB 36.78 billion for 2024, 2025, and 2026, respectively, with net profits projected at RMB 6.33 billion, RMB 6.96 billion, and RMB 7.53 billion [6][19]. - The average net profit growth rate over the next three years is estimated at 7.5% [19].

Financial Performance - The company recorded unaudited revenue of approximately RMB 1,646.4 million in the first half of 2024, an increase of 8.6% compared to the same period in 2023 (RMB 1,515.4 million)[5] - The company's unaudited profit attributable to owners was approximately RMB 322.2 million in the first half of 2024, a 22.2% increase from the same period in 2023 (RMB 263.7 million)[5] - Basic and diluted earnings per share for the first half of 2024 were approximately RMB 32.1 cents, compared to RMB 26.3 cents in the same period in 2023[5] - Net cash flow from operating activities in the first half of 2024 was approximately RMB 420.8 million, compared to RMB 476.3 million in the same period in 2023[5] - Revenue increased by RMB 131.0 million or 8.6% to RMB 1,646.4 million in the first half of 2024[14] - Revenue from China grew by 9.6% to RMB 574.1 million, while North America revenue increased by 8.6% to RMB 794.3 million[14][15] - Revenue from "Other Regions" surged by 84.3% due to new assembly projects with Japanese suppliers[14] - Gross profit margin improved to 37.3% in H1 2024, up from 33.4% in H1 2023, with gross profit increasing by 21.6% to RMB 614.8 million[17] - Sales costs rose by 2.2% to RMB 1,031.6 million, driven by higher raw material costs (31.8% of sales costs) and stable employee costs (26.0%)[16] - Administrative expenses decreased by 0.7% to RMB 191.9 million, with employee costs rising by 6.1% and R&D expenses slightly declining[21] - Exchange rate losses of RMB 7.5 million were recorded in H1 2024, compared to exchange rate gains of RMB 44.3 million in H1 2023[18] - Sales and distribution expenses increased by 13.1% to RMB 51.0 million due to higher travel and marketing activities[19] - Net profit attributable to owners increased by 22.2% to RMB 322.2 million in H1 2024 from RMB 263.7 million in H1 2023[22] - Revenue grew by 8.6% in H1 2024 compared to H1 2023, driven by strong sales in North America, China, and Japan[22] - Gross profit rose to RMB 614.8 million in H1 2024 from RMB 505.7 million in H1 2023 due to revenue growth and improved operational efficiency[22] - Net cash inflow from operating activities was RMB 420.8 million in H1 2024, down from RMB 476.3 million in H1 2023[24] - The asset-to-liability ratio decreased to 1.8% as of June 30, 2024, from 2.0% at the end of 2023[24] - Revenue for the six months ended June 30, 2024, increased to RMB 1,646,365 thousand, up 8.6% from RMB 1,515,355 thousand in the same period in 2023[36] - Gross profit rose to RMB 614,781 thousand, a 21.6% increase compared to RMB 505,703 thousand in the previous year[36] - Net profit attributable to owners of the parent company reached RMB 322,155 thousand, up 22.2% from RMB 263,674 thousand in 2023[36] - Cash and cash equivalents increased significantly to RMB 978,016 thousand as of June 30, 2024, compared to RMB 667,162 thousand at the end of 2023[37] - Capital commitments as of June 30, 2024, amounted to RMB 249.3 million, up 15.6% from RMB 215.7 million at the end of 2023[35] - Total assets decreased slightly to RMB 3,579,240 thousand as of June 30, 2024, from RMB 3,612,901 thousand at the end of 2023[37] - The company's equity attributable to owners of the parent company increased to RMB 3,531,690 thousand, up 1.5% from RMB 3,479,756 thousand at the end of 2023[38] - The company reported a foreign exchange loss of RMB 35,667 thousand due to the translation of overseas operations, compared to a gain of RMB 182,358 thousand in the same period in 2023[36] - The company's inventory increased to RMB 636,607 thousand as of June 30, 2024, up 6.4% from RMB 598,254 thousand at the end of 2023[37] - The company's trade receivables and bills increased to RMB 798,236 thousand as of June 30, 2024, up 4.8% from RMB 761,835 thousand at the end of 2023[37] - Revenue from automotive decoration parts sales increased to RMB 1,646,365 thousand in the first half of 2024, up from RMB 1,515,355 thousand in the same period of 2023[47] - Net cash generated from operating activities decreased to RMB 420,768 thousand in the first half of 2024, compared to RMB 476,315 thousand in the same period of 2023[41] - Net cash used in investing activities decreased to RMB 97,034 thousand in the first half of 2024, down from RMB 168,889 thousand in the same period of 2023[41] - Net cash used in financing activities increased to RMB 23,876 thousand in the first half of 2024, compared to RMB 18,283 thousand in the same period of 2023[41] - Cash and cash equivalents at the end of the period increased to RMB 978,016 thousand in the first half of 2024, up from RMB 641,025 thousand in the same period of 2023[41] - Total equity increased to RMB 3,229,921 thousand as of June 30, 2024, compared to RMB 2,918,801 thousand as of January 1, 2023[40] - Retained earnings increased to RMB 2,245,494 thousand as of June 30, 2024, up from RMB 2,111,785 thousand as of January 1, 2023[40] - The company's total comprehensive income for the period was RMB 442,409 thousand, with a net profit of RMB 263,674 thousand[40] - The company's cash and cash equivalents increased by RMB 299,858 thousand in the first half of 2024, compared to an increase of RMB 289,143 thousand in the same period of 2023[41] - The company's total assets increased to RMB 3,233,066 thousand as of June 30, 2024, up from RMB 2,920,622 thousand as of January 1, 2023[40] - Revenue from sales of goods increased to RMB 1,646,365 thousand in the first half of 2024, up from RMB 1,515,355 thousand in the same period of 2023, representing an 8.6% growth[48] - North America remains the largest market, contributing RMB 794,335 thousand in revenue for the first half of 2024, a 8.6% increase compared to RMB 731,487 thousand in 2023[48] - Profit before tax for the first half of 2024 was impacted by a foreign exchange loss of RMB 7,547 thousand, compared to a gain of RMB 44,313 thousand in the same period of 2023[49] - Total tax expenses for the first half of 2024 increased to RMB 84,304 thousand, up 46.1% from RMB 57,704 thousand in the same period of 2023[51] - Basic earnings per share for the first half of 2024 increased to RMB 0.32 per share, up from RMB 0.26 per share in the same period of 2023[55] - Trade receivables and bills as of June 30, 2024, amounted to RMB 798,236 thousand, a 4.8% increase from RMB 761,835 thousand as of December 31, 2023[57] - Trade payables as of June 30, 2024, stood at RMB 402,194 thousand, a slight increase of 1.1% from RMB 397,653 thousand as of December 31, 2023[58] - The company invested RMB 91,465 thousand in property, plant, and equipment during the first half of 2024, a decrease of 16.6% compared to RMB 109,664 thousand in the same period of 2023[60] - The company's issued and fully paid share capital as of June 30, 2024, was 1,002,905,000 shares, with a capital of RMB 87,485 thousand[61] - Capital commitments for plant and equipment increased to RMB 218,115 thousand as of June 30, 2024, up from RMB 184,547 thousand at the end of 2023[62] - The company's trade receivables and bills increased to RMB 798,236 thousand as of June 30, 2024, compared to RMB 761,835 thousand at the end of 2023[66][68] - Cash and cash equivalents rose significantly to RMB 978,016 thousand as of June 30, 2024, from RMB 667,162 thousand at the end of 2023[66][68] - Trade payables increased to RMB 402,194 thousand as of June 30, 2024, up from RMB 397,653 thousand at the end of 2023[67][69] - The fair value of financial assets measured at fair value through other comprehensive income decreased to RMB 2,640 thousand as of June 30, 2024, from RMB 3,753 thousand at the end of 2023[71][75] - Interest-bearing bank borrowings decreased to RMB 62,276 thousand as of June 30, 2024, from RMB 70,533 thousand at the end of 2023[71][69] - The total financial assets as of June 30, 2024, amounted to RMB 1,797,246 thousand, up from RMB 1,456,859 thousand at the end of 2023[66][68] - The total financial liabilities as of June 30, 2024, were RMB 807,880 thousand, compared to RMB 607,642 thousand at the end of 2023[67][69] - The company's financial assets measured at fair value through other comprehensive income were classified as Level 1 in the fair value hierarchy as of June 30, 2024[74][75] Dividend and Shareholder Information - The company proposed an interim dividend of 20.0 HK cents per share for the first half of 2024, compared to 10.0 HK cents in the same period in 2023[5] - An interim dividend of HKD 0.2 per share was declared for H1 2024, up from HKD 0.1 per share in H1 2023[25] - The company declared an interim dividend of HKD 0.20 per share for 2024, doubling from HKD 0.10 per share in 2023, totaling approximately RMB 183,514 thousand[53] - As of June 30, 2024, the company had 12,330,000 unexercised share options, with 4,941,600 options vested during H1 2024[28][29] - Ma Xiaoming holds 736,186,750 shares, representing 74.07% of the company's total issued share capital[78] - Green Pinnacle Holdings Limited, controlled by Ma Xiaoming, holds 736,186,750 shares, representing 73.41% of the total issued share capital[84] - Zhu Junhua, Ma Xiaoming's spouse, holds 742,821,750 shares, representing 74.07% of the total issued share capital[84] - Bull Capital China Growth Fund II, L.P. and related entities hold 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Greater Talent Investments Limited holds 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Peace World Investments Limited holds 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Huang Guanqiu holds 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Mealth PTC holds 736,186,750 shares, representing 73.41% of the total issued share capital[84] - Meng Jun holds 482,000 shares, representing 0.05% of the total issued share capital[78] - Zhang Yumin holds 507,000 shares, representing 0.05% of the total issued share capital[78] Automotive Industry Trends - Global car sales in 2024 are expected to slightly exceed 92 million units, the highest level since 2018, despite a slowdown in growth[6] - In the US, 7.9 million new vehicles were sold in the first half of 2024, a 3% increase compared to the same period in 2023[6] - BMW's total sales increased by 2.3% to nearly 1.1 million units in the first half of 2024, with battery electric vehicle sales growing by 34% to nearly 180,000 units[7] - Mercedes-Benz's battery electric vehicle sales in the first half of 2024 were approximately half of the previous year's figure, at 93,400 units, a 17% decrease[7] - Porsche's sales in the first half of 2024 decreased by 7% to 155,900 units, with a particularly significant drop of one-third in China[7] - General Motors reported Q2 2024 sales of nearly 700,000 cars and light trucks, a less than 1% increase year-over-year, marking the best performance since Q4 2020[8] - The company's total sales for the first half of 2024 reached 1.3 million units, slightly down from the same period in 2023[8] - Global new energy vehicle sales are expected to surge by 32% in 2024, with a projected market share of 45% by 2030[11] - The company anticipates a slowdown in the automotive industry ahead of the 2024 U.S. presidential election due to macroeconomic and geopolitical factors[13] - North American light vehicle production reached 16.5 million units (seasonally adjusted annual rate), close to pre-pandemic levels[14] Operational Efficiency and Production - Xinyi Group's total revenue for H1 2024 increased to approximately RMB 1,646.4 million, up 8.6% from RMB 1,515.4 million in H1 2023[8] - Xinyi Group's gross profit for H1 2024 rose to RMB 614.8 million, with a gross margin of 37.3%, compared to RMB 505.7 million (33.4% gross margin) in H1 2023[8] - Xinyi Group's electroplating facility utilization rate was 80.5% in H1 2024, down from 83.0% in H1 2023 due to a new production line in Huizhou[9] - The average product yield rate for Xinyi Group in H1 2024 slightly increased to 93.9% from 93.5% in 2023[10] - Xinyi Group's cumulative orders as of June 30, 2024, amounted to approximately RMB 10.5 billion, providing a solid foundation for future business[10] - Xinyi Group is expanding its production facilities to Mexico and Malaysia to mitigate risks from high interest rates and political uncertainty[12] - Average selling price (ASP) increased by 11% to RMB 8.70 per unit, with North America ASP rising by 10.8%[14] - Capital expenditures during the reporting period were primarily for equipment upgrades and new production facilities[31] - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the reporting period[32] - As of June 30, 2024, RMB 13.3 million of right-of-use assets were pledged to financial institutions to secure general bank loans[33] Employee and Corporate Governance - Total number of employees increased to 5,398 as of June 30, 2024, up from 5,227 on December 31, 2023, with 4,577 employees in Mainland China, 8 in Hong Kong, 22 in the US, 11 in Germany, and 780 in Mexico[87] - Employee compensation and related costs for the reporting period amounted to approximately RMB 382.6 million, compared to RMB 371.6 million in the first half of 2023[87] - The company's directors and senior management receive compensation in the form of salaries, benefits in kind, and discretionary bonuses linked to the group's performance[87] - The company did not purchase, sell, or redeem any listed securities during the reporting period[88] - The company maintained high standards of corporate governance and complied with the Corporate Governance Code during the reporting period[88] - All directors confirmed compliance with the Standard Code of Conduct for securities transactions during the reporting period[89] - The Audit Committee reviewed the unaudited condensed interim financial information for the first half of 2024 and confirmed its compliance with applicable accounting standards[90]

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。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2024 年 6 月 30 日止六個月 中期業績公告 | --- | --- | --- | |----------------------|-----------------------|------------------------| | | | | | | | | | | 截至 | 6 月 30 日止六個月 | | | 2024 年 | 2023 年 | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 收入 | 1,646,365 | 1,515,355 | | 母公司擁有人應佔溢利 | 322,155 | 263,674 | | 基本及攤薄盈利 | 每股人民幣 32.1 分 | 每股人民幣 26.3 分 | | 中期股 ...

目 錄 馬曉明先生（主席） 孟軍先生 張玉敏先生 劉軍先生 何曉律先生 蔣巍先生 | 2 | 公司資料 | | --- | --- | | 3 | 財務概要 | | 4 | 主席報告 | | 9 | 董事及高級管理人員履歷 | | 15 | 管理層討論及分析 | | 25 | 企業管治報告 | | 39 | 董事會報告 | | 51 | 獨立核數師報告 | | 55 | 綜合損益及其他全面收入表 | | 56 | 綜合財務狀況表 | | 58 | 綜合權益變動表 | | 59 | 綜合現金流量表 | | 61 | 財務報表附註 | 獨立非執行董事 公司資料 鄧智偉先生 甘為民先生 曹立新教授 董事會 執行董事 授權代表 馬曉明先生 區偉強先生 公司秘書 區偉強先生 審核委員會 鄧智偉先生（主席） 甘為民先生 曹立新教授 薪酬委員會 曹立新教授（主席） 馬曉明先生 鄧智偉先生 提名委員會 馬曉明先生（主席） 曹立新教授 甘為民先生 註冊辦事處 中國 廣東省 惠州市 惠城區西坑 建邦工業園 股份代號 香港聯合交易所有限公司主板 1571 開曼群島股份過戶登記處 Conyers Trust Company (Cay ...

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。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2023 年 12 月 31 日止年度 全年業績公告 | --- | --- | |-------|--------------------------------------------------------------------------| | | | | | 財務摘要 | | ‧ | 收入增加約 7.6% 至約人民幣 3,102.9 百 萬 元（ 2022 年財政年度：約人民幣 | | | 2,882.9 百萬元）。 | | ‧ | 毛利增加約 25.0% 至約人民幣 1,103.0 百萬元（ 2022 年財政年度：約人民幣 | | | 882.1 百萬元）。 | | ‧ | 本公司擁有人應佔溢利增加約 40.8% 至約人民幣 607.4 百萬元（ 202 ...

Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses rose by 8% due to increased marketing efforts [3]. Market Expansion - The company entered two new international markets in Asia and Europe [4]. - Market share in the domestic market grew by 5% [5]. - A new product line was launched to target younger demographics [6]. Operational Efficiency - Production costs decreased by 3% through process optimization [7]. - Supply chain disruptions were minimized, improving delivery times by 10% [8]. - Employee productivity increased by 7% following new training programs [9]. Strategic Investments - The company invested $50 million in R&D for new technologies [10]. - A strategic partnership was formed with a leading tech firm to enhance digital capabilities [11]. - Capital expenditures were allocated to upgrade manufacturing facilities [12]. Risk Management - Cybersecurity measures were strengthened to protect customer data [13]. - A contingency plan was developed to address potential economic downturns [14]. - Insurance coverage was expanded to mitigate operational risks [15]. Corporate Social Responsibility - The company reduced its carbon footprint by 20% through sustainable practices [16]. - A new initiative was launched to support local communities through education programs [17]. - Employee volunteer hours increased by 25% compared to the previous year [18].

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。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2023 年 6 月 30 日止六個月 中期業績公告 | --- | --- | --- | |--------------------------------|-----------------------|------------------------| | | | | | | | | | 財務摘要 | 截至 6 月 30 | 日止六個月 | | | 2023 年 | 2022 年 | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 收入 | 1,515,355 | 1,309,075 | | 母公司擁有人應佔溢利 | 263,674 | 172,215 | | 基本及攤薄盈利 | 每股人民幣 26.3 分 | 每股人民幣 ...

Financial Performance - Total revenue for 2022 reached RMB 2,882.9 million, a 24.7% increase compared to RMB 2,312.5 million in 2021[7] - Gross profit for 2022 was RMB 882.1 million with a gross margin of 30.6%, up from 27.6% in 2021[4] - Net profit attributable to owners of the company surged by 100.4% to RMB 431.3 million in 2022, compared to RMB 215.2 million in 2021[9] - Operating cash inflow in 2022 increased significantly to RMB 449 million, a 3.3x growth compared to the previous year[11] - Revenue increased by RMB 570.4 million or 24.7% from RMB 2,312.5 million in FY2021 to RMB 2,882.9 million in FY2022[41] - Gross profit increased by RMB 244.7 million or 38.4% to RMB 882.1 million in FY2022, with gross margin rising from 27.6% to 30.6%[46] - Net profit attributable to owners surged by 100.4% to RMB 431.3 million in FY2022, driven by record-high revenue growth of 24.7% and improved gross profit[51][52] - Total comprehensive income reached RMB 507.1 million in FY2022, including a profit of RMB 428.5 million and other comprehensive income of RMB 78.6 million[53] - Net cash inflow from operating activities significantly improved to RMB 449.3 million in FY2022, compared to RMB 135.3 million in FY2021[54] - Revenue for 2022 increased to RMB 2,882,866 thousand, up 24.7% from RMB 2,312,468 thousand in 2021[159] - Gross profit for 2022 rose to RMB 882,113 thousand, a 38.4% increase from RMB 637,362 thousand in 2021[159] - Net profit attributable to owners of the parent company for 2022 was RMB 431,296 thousand, up 100.4% from RMB 215,240 thousand in 2021[159] - Total comprehensive income for 2022 was RMB 507,059 thousand, a 186.2% increase from RMB 177,179 thousand in 2021[159] - Profit before tax for 2022 was RMB 514,582 thousand, nearly double the RMB 256,743 thousand reported in 2021[164] - Operating cash flow generated in 2022 was RMB 522,636 thousand, a substantial increase from RMB 214,354 thousand in 2021[164] - Net cash flow from operating activities reached RMB 449,321 thousand in 2022, up from RMB 135,274 thousand in 2021[164] Dividend and Shareholder Returns - The company proposed a final dividend of HKD 0.14 per share, bringing the total dividend for 2022 to HKD 0.1989 per share, representing 40.7% of the post-tax profit[13] - The company reported a net profit of RMB 428.5 million for the fiscal year 2022, with a dividend payout ratio of 40.7%, including a final dividend of HKD 0.14 per share[61] - The company proposed a final dividend of HKD 0.14 per share for the 2022 fiscal year, subject to approval at the 2023 Annual General Meeting, with payment expected around July 10, 2023[105] - The company's distributable reserves as of December 31, 2022, were approximately RMB 655.9 million, with RMB 123.2 million proposed as the final dividend for the 2022 fiscal year[112] Asset and Liability Management - Total assets grew to RMB 3,964.1 million in 2022, up from RMB 3,399.4 million in 2021[5] - Cash and cash equivalents as of December 31, 2022, increased to RMB 341,535 thousand, up 129.7% from RMB 148,660 thousand in 2021[160] - Trade receivables and bills receivable grew to RMB 793,662 thousand in 2022, a 29.6% increase from RMB 612,466 thousand in 2021[160] - Total non-current assets increased to RMB 1,985,155 thousand in 2022, up 6.5% from RMB 1,863,970 thousand in 2021[160] - Total current assets rose to RMB 1,978,975 thousand in 2022, a 28.9% increase from RMB 1,535,450 thousand in 2021[160] - Total current liabilities increased to RMB 876,618 thousand in 2022, up 8.0% from RMB 811,615 thousand in 2021[160] - Net current assets grew to RMB 1,102,357 thousand in 2022, a 52.3% increase from RMB 723,835 thousand in 2021[160] - Total non-current liabilities increased to RMB 168,711 thousand in 2022 from RMB 112,474 thousand in 2021, primarily due to new interest-bearing bank loans of RMB 70,245 thousand[161] - Net assets grew to RMB 2,918,801 thousand in 2022, up from RMB 2,475,331 thousand in 2021, reflecting a significant increase in reserves to RMB 2,833,137 thousand[161] - Comprehensive reserves rose to RMB 2,833,137 thousand in 2022 compared to RMB 2,390,691 thousand in 2021, indicating strong financial performance[162] Global Market and Sales Performance - The company's export business reached its highest level since its IPO in 2017, with significant growth in new energy and OEM direct sales[15] - The product mix shifted notably, with molds accounting for 53.5% of sales in 2022, up from 18.9% in 2017[17] - The company's Mexico factory contributed significantly to the rapid growth of orders in the North American region, with a notable increase in sales contribution from 2021 to 2022 fiscal years[18] - The global electric vehicle market saw a 68% growth in 2022, reaching 7.8 million units, far exceeding expert predictions, and is a key growth area for the company[19] - Global car sales in 2022 remained flat at 66.9 million units, similar to 2021, with regional variations due to economic recovery speeds and recession depths[35] - Asia-Pacific car sales grew by 8.6% year-on-year in 2022, while North America saw the largest decline at -7.1%[35] - China accounted for 30% of global car sales in 2022, down from 33% in 2020, while the US accounted for 19%[35] - Global electric vehicle sales surged to 7.8 million units in 2022, a 68% increase from 2021[35] - The company's total sales volume increased by 3.3% from 395.4 million units in 2021 to 408.3 million units in 2022[36] - North America surpassed China in revenue contribution for the first time in 2022, with a 40% increase in average selling price in the region[42] - Revenue from China decreased to 37.3% of total revenue in FY2022, down 5.5 percentage points from 42.8% in FY2021[42] - Global electric vehicle sales reached 7.8 million units in 2022, a 68% increase from 2021, capturing approximately 10% of the global automotive market share[39] - China's electric vehicle sales surged to 6.9 million units in 2022, a 93.4% year-on-year increase, maintaining its position as the world's largest market for eight consecutive years[40] Production and Capacity - The company plans to invest approximately RMB 300 million in a new Malaysia factory, expected to start operations by the end of 2025, with capabilities in injection molding, electroplating, painting, and assembly[20] - The company's Jiujiang factory in China is installing production equipment for large-sized products, with production lines expected to be operational by June 2023, and a new hexavalent chromium-free electroplating line planned for October 2023[20] - The company is strategically expanding its global production layout, with the Mexico factory serving as a foothold in the North American market and the upcoming Malaysia factory enhancing competitiveness[19] - The company's electroplating annual capacity decreased to 3.50 million square meters in 2022, down from 3.80 million square meters in 2021, due to the closure of the Wuxi production base[38] - The company's capacity utilization rate for electroplating rose to 86.8% in 2022, compared to 62.9% in 2021, following the closure of the Wuxi production base[38] - Overall yield rate slightly decreased from 89.0% in FY2021 to 88.5% in FY2022, a drop of 0.5 percentage points[39] - The company's capital expenditure for the fiscal year 2022 was approximately RMB 167.2 million, a significant decrease from RMB 423.7 million in 2021, primarily invested in new production facilities in China and Mexico to expand capacity[58] - The company utilized the entire net proceeds of RMB 741.5 million from its initial public offering, with 52.5% allocated to building new production bases and investing in production facilities and equipment in Mexico[60] - The company allocated 20.9% of its IPO proceeds (RMB 155.0 million) to establishing a new production base in Huizhou, China[60] - The company invested RMB 42.3 million (5.7% of IPO proceeds) in enhancing product quality, safety, and R&D capabilities[60] Cost and Expense Management - Direct material costs increased to 33.5% of total sales cost in FY2022, up from 29.2% in FY2021[44] - Employee costs and daily expenses accounted for 25.8% and 40.7% of total sales cost in FY2022, respectively[44] - Sales cost increased by approximately RMB 325.7 million or 19.4% to RMB 2,000.8 million in FY2022, driven by a 37.4% year-on-year increase in raw material costs to RMB 671.0 million[45] - Selling and distribution expenses increased by RMB 14.7 million or 23.5% to RMB 77.3 million in FY2022, in line with revenue growth[48] - Administrative expenses rose by RMB 19.5 million or 5.8% to RMB 353.1 million in FY2022, mainly due to increased employee costs and R&D expenses[49][50] - Contributions to retirement benefit plans for the 2022 fiscal year amounted to RMB 111.7 million, a significant increase from RMB 42.7 million in 2021[136] Corporate Governance and Board Activities - Mr. Deng Zhiwei, aged 49, was appointed as an Independent Non-Executive Director on June 5, 2017, and has over 20 years of experience in audit, accounting, and finance[26] - Mr. Deng Zhiwei holds multiple professional qualifications, including being a Fellow of the Hong Kong Institute of Certified Public Accountants and a Chartered Tax Advisor from the Hong Kong Institute of Taxation[27] - Professor Cao Lixin, aged 57, was appointed as an Independent Non-Executive Director on June 5, 2017, and holds a Ph.D. in Chemical Engineering and Technology from Harbin Institute of Technology[28] - Mr. Gan Weimin, aged 57, was appointed as an Independent Non-Executive Director on June 5, 2017, and holds a Bachelor's degree in Optical Instrument Engineering and a Master's degree in Law from Zhejiang University[29] - Mr. Gan Weimin has served as an independent director for multiple listed companies, including Zhejiang Huamei Holding Co., Ltd. and Hangzhou Juwei Technology Co., Ltd.[30] - Mr. Gan Weimin currently serves as an Independent Non-Executive Director for Li Tian Pictures Holdings Limited and Zhejiang Crystal-Optech Co., Ltd.[30] - The Board of Directors is responsible for the overall management of the company, including strategy development, business planning, financial goals, and capital investment recommendations[71] - The Board has delegated certain powers to senior management for daily operations and management, with regular reviews of these delegations[73] - The company has complied with the requirement that at least one-third of the Board members are independent non-executive directors, with at least three independent non-executive directors and one with appropriate professional qualifications or accounting/financial management expertise[76] - Independent non-executive directors provide independent judgment and advice on strategy, performance, conflicts of interest, and management procedures, ensuring the interests of all shareholders are considered[76] - The Board has established mechanisms to ensure independent opinions and inputs, including annual assessments of the independence of independent non-executive directors[76] - The current term of independent non-executive directors is three years, starting from June 6, 2020[76] - Directors are required to retire by rotation at least once every three years, with the next rotation scheduled for the 2023 Annual General Meeting[78] - The company encourages and supports continuous professional development for all directors to ensure they contribute effectively to the Board with updated knowledge and skills[79] - The board of directors held a total of 4 meetings, 1 remuneration committee meeting, 1 nomination committee meeting, and 2 audit committee meetings during the 2022 fiscal year[80] - The board plans to hold at least 4 meetings annually in the future, with the chairman intending to meet with independent non-executive directors at least once a year without other directors present[80] - All directors attended all 4 board meetings, with independent non-executive directors also attending all relevant committee meetings[82] - The audit committee, chaired by Mr. Deng Zhiwei, is responsible for reviewing and monitoring the company's financial reporting procedures, internal controls, and risk management systems[86] - The board chairman ensures that directors receive accurate, clear, and complete information and maintains good corporate governance practices[84] - The company has established a shareholder communication policy and regularly reviews its effectiveness[83] - The board chairman promotes an open culture and constructive relationships among directors to ensure effective contributions from independent non-executive directors[84] - The company provides sufficient resources to board committees, which can seek independent professional advice at the company's expense when necessary[85] - The audit committee held two meetings in the fiscal year 2022 to review and discuss the audited annual results for the year ended December 31, 2021, and the unaudited interim results for the six months ended June 30, 2022[87] - The audit committee reviewed the company's financial controls, internal controls, and risk management systems, as well as the effectiveness of the internal audit function[87] - The remuneration committee held one meeting in the fiscal year 2022 to review the existing remuneration packages for all directors and senior management and provide recommendations to the board[89] - The nomination committee held one meeting in the fiscal year 2022 to review the diversity, structure, size, and composition of the board, as well as the independence of independent non-executive directors[90] - The total fees paid or payable to the external auditor, Ernst & Young, for the fiscal year 2022 were RMB 2,243 thousand, including RMB 1,915 thousand for audit services and RMB 328 thousand for non-audit services[91] - The board confirmed that there are no significant uncertainties that could cast substantial doubt on the company's ability to continue as a going concern[92] - The company has established a risk management and internal control system with clear responsibilities, procedures, and high transparency, and regularly reviews its effectiveness[93] - The company plans to distribute at least 30% of its distributable profits for each fiscal year[96] - The board consists of 9 directors, with 3 being independent non-executive directors, and a gender ratio of 8 male to 1 female[97] - The company's workforce has a gender ratio of 51.7% male and 48.3% female[97] - The company has not established an internal audit function and relies on external independent professionals for internal audit services[95] - The board has reviewed and found no significant deficiencies in the company's risk management and internal control systems[94] - The company has adopted a board diversity policy, focusing on professional skills, gender, age, and cultural diversity[97] - The company's dividend policy allows for cash or other forms of distribution, subject to board recommendation and shareholder approval[96] - The company's risk management and internal control systems are designed to manage, not eliminate, risks of not achieving business objectives[94] - The board has set measurable goals for diversity, including professional skills, gender, age, and cultural diversity, which will be reviewed periodically[97] - The company's nomination committee evaluates potential board members based on factors such as integrity, industry experience, and diversity[98] Shareholder and Investor Relations - The company's subsidiaries are primarily engaged in the manufacturing and sales of automotive and electronic components[104] - The company will suspend share transfer registration from May 29, 2023, to June 1, 2023, for the 2023 Annual General Meeting[108] - The company has established multiple communication channels with shareholders, including annual reports, interim reports, and circulars available on the HKEX and company websites[103] - The company emphasizes transparency and timely disclosure of information to ensure shareholders and investors can make informed decisions[102] - The company has a shareholder communication policy aimed at providing equal and timely access to unbiased and understandable information[102] - Shareholders holding at least one-tenth of the company's paid-up capital can request a special general meeting, which must be held within two months of the request[100] - The company's 2022 annual report and audited financial statements are presented on pages 60 to 132 of the report[105] - The company's future business development is discussed in the "Chairman's Report" and "Management Discussion and Analysis" sections of the annual report[107] - The proposed final dividend is subject to approval by shareholders at the 2023 Annual General Meeting, with the share transfer book closing from June 12 to June 15, 2023[109] Environmental and Regulatory Compliance - The company complied with all relevant environmental laws and regulations in 2022 and had no significant environmental claims, litigation, or penalties[107] - The company is preparing for compliance with EU environmental regulations by developing a hexavalent chromium-free electroplating line[20] Subsidiaries and Investments

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。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2022 年 12 月 31 日止年度 全年業績公告 | --- | --- | |-------|----------------------------------------------------------------------------| | | | | | 財務摘要 | | ‧ | 收入增加約 24.7% 至約人民幣 2,882.9 百萬元（ 2021 年財政年度：約人民幣 | | | 2,312.5 百萬元）。 | | ‧ | 毛利增加約 38.4% 至約人民幣 882.1 百萬元（ 2021 年財政年度：約人民幣 637.4 | | | 百萬元）。 | | ‧ | 本公司擁有人應佔溢利增加約 100.4% 至約人民幣 431.3 百萬元（ 202 ...