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 ...

Financial Performance - Xin Point Holdings Limited reported unaudited revenue of approximately RMB 1,309.1 million for the first half of 2022, an increase of about 12.4% compared to RMB 1,164.8 million in the same period of 2021[4]. - The company recorded a profit attributable to owners of approximately RMB 172.2 million for the first half of 2022, representing a 13.5% increase from RMB 151.7 million in the first half of 2021[4]. - Basic and diluted earnings per share for the first half of 2022 were RMB 0.172, compared to RMB 0.151 in the same period of 2021[4]. - Total comprehensive income attributable to owners of the company was approximately RMB 193.7 million in the first half of 2022, compared to approximately RMB 142.3 million in the first half of 2021[23]. - The net profit for the six months ended June 30, 2022, was RMB 171.0 million, an increase of 13.4% from RMB 150.7 million in the prior year[41]. - The company's revenue for the six months ended June 30, 2022, was approximately RMB 1,309.1 million, representing a year-over-year increase of 12.3% from RMB 1,164.8 million in the same period of 2021[41]. Cash Flow and Dividends - Operating net cash flow for the first half of 2022 was approximately RMB 221.5 million, significantly up from RMB 24.1 million in the first half of 2021[4]. - The company proposed an interim dividend of RMB 0.0513 per share for the first half of 2022, compared to RMB 0.0454 per share in the same period of 2021[4]. - The interim dividend will be paid to shareholders on or around October 28, 2022, with the share transfer registration suspended from October 3 to October 7, 2022[26]. - Net cash inflow from operating activities reached approximately RMB 221.5 million in the first half of 2022, compared to approximately RMB 24.1 million in the first half of 2021[24]. Sales and Market Performance - Total sales volume decreased by approximately 7.4% to about 192.9 million units in the first half of 2022 from approximately 208.3 million units in the first half of 2021[7]. - North America revenue surged by approximately RMB 177.3 million or about 45.1% in the first half of 2022, driven by increased production at the Mexico facility and new pricing strategies[14]. - The average selling price rose from RMB 5.59 per unit in the first half of 2021 to RMB 6.78 per unit in the first half of 2022, reflecting a growth of approximately 21.3%[14]. - The average revenue from the Chinese market decreased by approximately RMB 22.0 million or 4.5% in the first half of 2022, while overall revenue from all regions showed growth[14]. Production and Operational Efficiency - The gross profit for the first half of 2022 increased to approximately RMB 384.3 million, compared to RMB 381.3 million in the first half of 2021[7]. - The plating capacity utilization rate increased to approximately 76.1% in the first half of 2022, up from approximately 66.7% in the first half of 2021[8]. - The product yield rate improved to approximately 89.9% in the first half of 2022, compared to an average of 89.5% for the year ending December 31, 2021, due to enhanced efficiency at the Mexico facility[9]. - The company is focusing on expanding production capacity and improving operational efficiency amid ongoing supply chain issues and rising costs[6]. Costs and Expenses - The cost of sales increased by approximately RMB 141.2 million or about 18.0% from approximately RMB 783.6 million in the first half of 2021 to approximately RMB 924.8 million in the first half of 2022[17]. - Selling and distribution expenses rose by approximately RMB 2.4 million or about 6.7% from approximately RMB 36.0 million in the first half of 2021 to approximately RMB 38.4 million in the first half of 2022[20]. - Administrative expenses decreased by approximately RMB 11.3 million or about 6.7% from approximately RMB 169.3 million in the first half of 2021 to approximately RMB 158.0 million in the first half of 2022[21]. Investments and Capital Expenditure - The company plans to invest 389.0 million RMB in building a new production base in Mexico and related production facilities and equipment, which accounts for 52.5% of the total planned expenditure[36]. - The company's capital expenditure during the reporting period was primarily related to the acquisition of equipment for existing production facilities, with future capital expenditures planned for new production facilities[34]. - The net proceeds from the IPO amount to approximately 855.0 million HKD (about RMB 741.5 million), with actual usage as of June 30, 2022, totaling 711.7 million RMB[35]. Financial Position - The company's total assets as of June 30, 2022, amounted to RMB 4,386.6 million, compared to RMB 4,123.1 million as of December 31, 2021, reflecting a growth of 6.4%[42]. - The total equity attributable to the owners of the parent company was RMB 2,669.9 million as of June 30, 2022, up from RMB 2,475.3 million at the end of 2021, indicating a growth of 7.8%[43]. - The company's financial liabilities amounted to RMB 628,649 thousand, with trade payables at RMB 382,776 thousand and interest-bearing bank loans at RMB 81,540 thousand[73]. Employee and Management Information - The company employed 6,392 employees as of June 30, 2022, an increase from 5,851 employees as of December 31, 2021[92]. - Employee compensation and costs for the reporting period amounted to approximately RMB 334.8 million, compared to RMB 321.6 million in the first half of 2021, reflecting an increase of about 4.9%[92]. - The total remuneration for key management personnel for the six months ended June 30, 2022, was RMB 10,017,000, a decrease of 29.1% from RMB 14,211,000 for the same period in 2021[70]. Corporate Governance - The company has adhered to the corporate governance code as outlined in Appendix 14 of the listing rules throughout the first half of 2022[94]. - All directors confirmed compliance with the standard code of conduct for securities trading as per Appendix 10 of the listing rules during the first half of 2022[95]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated interim financial information for the first half of 2022[97].

Financial Performance - Revenue for the year ended December 31, 2021, was RMB 2,312,468,000, representing an increase from RMB 2,069,366,000 in 2020, which is a growth of approximately 11.7%[4] - Gross profit for 2021 was RMB 637,362,000, with a gross margin of 27.6%, down from 32.9% in 2020[4] - Profit before tax decreased to RMB 256,743,000 in 2021 from RMB 349,852,000 in 2020, reflecting a decline of approximately 26.5%[4] - The company reported a net profit attributable to shareholders of RMB 215,240,000 for 2021, down from RMB 332,426,000 in 2020, a decrease of about 35.3%[4] - The operating cash inflow for fiscal year 2021 was significantly reduced to RMB 135 million, compared to RMB 411 million in fiscal year 2020[10] - Total revenue for the fiscal year 2021 was approximately RMB 2,312.5 million, an increase of about 11.7% compared to fiscal year 2020[8] - The net profit attributable to the owners of the parent company decreased by 35.3% to RMB 215.2 million in fiscal year 2021, down from RMB 332.4 million in fiscal year 2020[8] - Total sales increased from approximately RMB 348.6 million in FY2020 to RMB 395.4 million in FY2021, representing a growth of about 13.4%[28] - Total comprehensive income for the fiscal year 2021 was RMB 177.2 million, down from RMB 210.0 million in 2020, with profit of RMB 213.0 million compared to RMB 331.4 million in 2020[41] Assets and Liabilities - The total assets of the company as of December 31, 2021, were RMB 3,399,420,000, an increase from RMB 3,231,136,000 in 2020[5] - The total liabilities increased to RMB 924,089,000 in 2021 from RMB 783,246,000 in 2020, indicating a rise of approximately 18.0%[5] - As of December 31, 2021, the company's bank borrowings amounted to RMB 130.9 million, with a debt-to-equity ratio of 5.3%, up from 2.1% in 2020[42] - Non-current assets increased to RMB 1,863,970 thousand, up 26.6% from RMB 1,471,215 thousand in 2020[129] - Current assets decreased to RMB 1,535,450 thousand, down 12.7% from RMB 1,759,921 thousand in 2020[129] - Total liabilities increased to RMB 811,615 thousand, up 12.8% from RMB 718,989 thousand in 2020[129] Market Trends and Challenges - The automotive market in China saw a sales volume of 26.28 million vehicles in 2021, a year-on-year increase of 3.8% compared to 2020[7] - The automotive industry faced significant challenges in 2021, including semiconductor shortages and rising logistics costs, which affected production and growth[7] - The company anticipates continued demand for all types of vehicles, supported by increased personal savings and relatively low interest rates[7] - The company expects strong automotive demand to continue, despite challenges from semiconductor shortages and supply chain issues[31] - The company anticipates continued challenges in the automotive supply chain due to ongoing disruptions, including the recent geopolitical tensions[16] Investments and Expenditures - Capital expenditures for fiscal year 2021 amounted to approximately RMB 423.7 million, primarily for investments in injection molding and painting facilities[14] - The company plans to utilize RMB 741.5 million from its IPO proceeds, with 52.5% allocated for new production facilities and equipment in Mexico[48] - The company is investing $10 million in R&D for new technologies aimed at enhancing product efficiency[19] - The company is investing in advanced surface treatment technologies, including environmentally friendly electroplating, to meet increasing customer demand[16] Corporate Governance - The board of directors is committed to maintaining high standards of corporate governance to enhance accountability and transparency[57] - The company adopted the corporate governance code as per the listing rules and complied with the relevant provisions during the fiscal year 2021[58] - The board is responsible for the overall management of the company, including strategy development and financial goals[60] - The company has established a governance policy to ensure compliance with legal and regulatory requirements[68] Employee and Management Information - The group had 5,851 employees as of December 31, 2021, an increase from 5,516 employees in 2020, with employee costs amounting to RMB 622.5 million for the fiscal year 2021, up from RMB 521.5 million in 2020[50] - The management team has extensive industry experience, with an average of over 20 years in their respective fields, ensuring effective oversight and strategic planning[17] - The company secretary has been appointed since April 2016 and is experienced in providing corporate secretary services to multiple listed companies in Hong Kong[26] Revenue by Region - Revenue from the Chinese market in 2021 was RMB 989,548,000, up from RMB 897,333,000 in 2020, indicating a growth of about 10.3%[198] - Revenue from North America increased to RMB 775,449,000 in 2021 from RMB 658,617,000 in 2020, reflecting a growth of approximately 17.7%[198] - Revenue from Europe was RMB 437,182,000 in 2021, slightly increasing from RMB 426,018,000 in 2020, which is a growth of about 2.7%[198] - Revenue from other countries reached RMB 110,289,000 in 2021, significantly up from RMB 87,398,000 in 2020, indicating a growth of approximately 26.1%[198] Shareholder Information - The board proposed a final dividend of RMB 1.83 per share, resulting in a payout ratio of 30% based on the net profit of RMB 213.0 million for the fiscal year 2021[49] - As of December 31, 2021, the distributable reserves amount to approximately RMB 575.2 million, with about RMB 18.4 million proposed as the final dividend for the fiscal year 2021[89] - The company has a shareholder communication policy that is regularly reviewed for effectiveness[85] Environmental and Social Responsibility - The company is committed to environmental sustainability and has complied with relevant environmental laws and regulations during the fiscal year 2021[87] - There were no significant environmental claims, lawsuits, fines, or administrative penalties during the fiscal year 2021[87] - The group provided comprehensive social welfare benefits to employees in the fiscal year 2021, enhancing employee engagement and sense of belonging[108] Financial Reporting and Compliance - The group’s financial statements for the fiscal year 2021 were audited by Ernst & Young, with no changes in auditors over the past three years[117] - The company is responsible for preparing financial statements that are true and fair in accordance with Hong Kong Financial Reporting Standards[125] - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error[126] Risk Management - The company has established a risk management and internal control system that is effective and adequate, with no significant deficiencies identified[79] - The group recognizes expected credit losses based on the difference between contractual cash flows due and expected cash flows to be received, discounted at the original effective interest rate[171]

Financial Performance - For the fiscal year ended December 31, 2019, the total revenue of Xin Point Holdings Limited increased to approximately RMB 2,130.8 million, representing a growth of about 3.9% compared to RMB 2,049.9 million in the previous year[9]. - The gross profit for the fiscal year 2019 decreased by approximately 22.9% to about RMB 578.2 million, down from RMB 750.3 million in 2018[10]. - The net profit attributable to the owners of the parent company fell by approximately 47.9% to around RMB 205.5 million, compared to RMB 394.8 million in the previous fiscal year[10]. - The gross margin for the fiscal year 2019 was 27.1%, down from 36.6% in 2018[5]. - Total revenue reached a record RMB 2,130.8 million in FY2019, an increase of 3.9% year-on-year, while gross profit decreased to RMB 578.2 million, down 22.9%[44]. - Basic earnings per share for the parent company owners decreased to approximately RMB 0.20 in FY2019 from RMB 0.39 in FY2018[50]. - The company reported a significant increase in overall revenue, with a year-on-year growth of 15%[21]. - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year[25]. Market Performance - The company experienced a 22.5% increase in sales in North America despite the trade war, highlighting its importance as a parts supplier in the North American automotive industry[9]. - Revenue from the North American market increased by approximately RMB 123.4 million or 22.5% to RMB 672.8 million in the 2019 fiscal year[40]. - Revenue from the Chinese market decreased by approximately RMB 58.3 million or 6.0% in 2019, with a decline of 16.3 million units sold[40]. - European market revenue slightly decreased by RMB 14.9 million or 3.2% in the 2019 fiscal year[40]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[24]. Operational Efficiency - Operating cash inflow from operating activities for the fiscal year 2019 was approximately RMB 462.7 million, a growth of 29.6% from RMB 357.1 million in 2018[13]. - Operating cash inflow from operating activities increased due to significant capital investments, with non-cash depreciation expenses rising by 16.6% in FY2019 compared to FY2018[14]. - The company aims to continuously expand domestic and international production capacity and seek new opportunities despite the challenges faced[8]. - Despite industry challenges, the company remains optimistic about future growth, focusing on optimizing production processes and resource management to improve operational efficiency[19]. Research and Development - R&D expenditure for FY2019 was approximately RMB 63.1 million, an increase of about 12.0% from FY2018, driven by advancements in carbon fiber materials and chromium-free electroplating technology[15]. - The company emphasizes the development of new technologies, particularly in lightweight automotive materials and green manufacturing[18]. - The company has invested $10 million in R&D for innovative technologies aimed at improving production processes[23]. Investments and Acquisitions - New production facilities in Mexico and Changzhou, China, began trial operations, expanding overall capacity and securing future orders worth approximately RMB 800 million[17]. - The company received new orders worth RMB 3.2 billion for the next five years, with a total order amount of approximately RMB 9.5 billion after accounting for a 10% provision for new orders in China for 2020[39]. - The company did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year 2019[102]. Governance and Management - The board of directors is responsible for the overall management of the company, including strategy development, business planning, and financial goals[65]. - The board consists of a mix of executive and independent non-executive directors, ensuring a balance of skills and experience necessary for effective governance[69]. - The company has established a governance policy and regularly reviews compliance with legal and regulatory requirements[76]. - The audit committee is responsible for monitoring the independence of external auditors to ensure objective financial reporting[129]. Financial Position - The total assets as of December 31, 2019, amounted to RMB 3,186.3 million, an increase from RMB 2,932.8 million in 2018[6]. - The company's total equity as of December 31, 2019, was RMB 2,358,381 thousand, compared to RMB 2,251,370 thousand in 2018, showing growth in shareholder equity[151]. - The asset-liability ratio was 0.13% as of December 31, 2019, down from 0.28% in the previous year[51]. - Cash generated from operating activities increased to RMB 479,596 thousand, compared to RMB 392,025 thousand in the previous year, reflecting an increase of approximately 22%[153]. Employee and Compensation - The group employed 5,324 employees as of December 31, 2019, with total employee costs of approximately RMB 569.5 million for the fiscal year 2019[58]. - Employee costs rose by approximately RMB 101.7 million or about 28.3% in FY2019, primarily due to increased frontline wages[43]. - The board proposed a final dividend of RMB 0.092 per share, resulting in a payout ratio of 60% based on the profit attributable to equity holders of RMB 205.5 million for the year ended December 31, 2019[57]. Compliance and Risk Management - The company has maintained compliance with all relevant environmental laws and regulations during the fiscal year 2019, with no significant environmental claims or penalties reported[100]. - The company has established a risk management and internal control system that is clear, transparent, and effective, with regular reviews conducted by the board[86]. - The company has a policy in place for insider information to ensure timely public disclosure while maintaining confidentiality[87].