格隆汇8月21日丨中瑞股份(301587.SZ)在互动平台表示，公司产品终端可应用于新能源汽车、电动工 具、消费电子、智能家居、储能等领域，公司将继续努力经营，持续挖掘下游客户的市场潜力，争取以 良好的业绩回报投资者。 ...

Core Viewpoint - Xinrong International reported a revenue increase in the first half of 2025, but faced pressure on profitability, raising concerns among investors [1][3]. Group 1: Financial Performance - The company achieved revenue of approximately 317 million RMB, a year-on-year increase of 6.2%, while net profit attributable to shareholders decreased from 18.9 million RMB to 17.69 million RMB, a decline of 6.3% [1][3]. - Gross margin fell from approximately 19% to 18.68%, indicating pressure on cost control [3]. - Basic earnings per share remained at 0.03 RMB, unchanged from the previous year, suggesting room for improvement in operational efficiency despite revenue growth [3]. - Current ratio improved from 2.57 to 2.92, and quick ratio increased from 2.22 to 2.51, reflecting strong short-term solvency [3]. - Return on equity dropped significantly from 9.08% to 3.49%, and return on total assets decreased from 6.71% to 2.49%, raising concerns about key profitability metrics [3]. Group 2: International Expansion Strategy - The company has established overseas subsidiaries in Ho Chi Minh City, Vietnam, and Bangkok, Thailand, aiming to leverage scale and introduce local flavors to the Chinese market [4]. - A planned Asia-Pacific Innovation Center with a total area of 40,816.13 square meters is expected to be operational by early 2026, emphasizing the company's focus on enhancing R&D capabilities [4]. - Fixed assets increased from 197 million RMB to 200 million RMB, and long-term debt rose from 63.38 million RMB to 66.80 million RMB, indicating additional cost pressures from overseas expansion [4]. Group 3: Industry Competition and Future Outlook - The food ingredients and additives industry is becoming increasingly competitive, presenting various challenges for the company [5]. - Accounts receivable conversion cycle remained at 51 days, while accounts payable conversion cycle was low at 16 days, indicating efficiency in supply chain management but limited bargaining power with suppliers [5]. - Inventory levels slightly increased from 50.76 million RMB to 51.22 million RMB, showing stable inventory management [5]. - Cash and cash equivalents rose from 203 million RMB to 217 million RMB, providing sufficient liquidity for operations and investments [5]. - The company plans to increase product sales through existing and new agency rights, particularly targeting the food service and health nutrition sectors [5]. - The company aims to strengthen its own brand and product mix through self-developed formulations and potential acquisitions of quality target businesses to create synergies [5]. - Despite confidence in future prospects, the company faces the critical challenge of improving profitability while maintaining revenue growth amid global economic uncertainties [5].

期内收益增加乃由于水果产品线表现强劲，此与公司的总体战略一致。 智通财经APP讯，欣融国际(01587)发布截至2025年6月30日止六个月业绩，收益3.17亿元(人民币，下 同)，同比增长6.2%;母公司拥有人应占溢利1769.4万元，同比下降6.6%;每股基本盈利0.03元。 ...

Core Viewpoint - Xinrong International (01587) reported a revenue of 317 million RMB for the six months ending June 30, 2025, representing a year-on-year growth of 6.2% [1] - The profit attributable to the owners of the parent company was 17.694 million RMB, a decrease of 6.6% year-on-year, with basic earnings per share of 0.03 RMB [1] - The increase in revenue is attributed to the strong performance of the fruit product line, aligning with the company's overall strategy [1] Financial Performance - Revenue for the period reached 317 million RMB, marking a 6.2% increase compared to the previous year [1] - Profit attributable to the parent company's owners was 17.694 million RMB, reflecting a 6.6% decline year-on-year [1] - Basic earnings per share stood at 0.03 RMB [1] Strategic Insights - The growth in revenue is primarily driven by the robust performance of the fruit product line [1] - This performance is consistent with the company's overall strategic direction [1]

Core Viewpoint - Xinrong International (01587.HK) reported a revenue of RMB 317 million for the six months ending June 30, 2025, representing a year-on-year increase of 6.2% [1] - The company's profit attributable to equity holders for the same period was RMB 17.7 million, a decrease of 6.3% compared to the same period in 2024 [1] - The board of directors does not recommend the payment of an interim dividend for the six months ending June 30, 2025, consistent with the previous year [1] Financial Performance - Revenue for the six months ending June 30, 2025, was RMB 317 million, up 6.2% year-on-year [1] - Profit attributable to equity holders was RMB 17.7 million, down 6.3% from the same period in 2024 [1] - Basic and diluted earnings per share remained at RMB 0.03, unchanged from June 30, 2024 [1] Strategic Direction - The company aims to establish long-term strategic alliances with clients, focusing on becoming the most reliable partner in the food industry [1] - Xinrong International has built strong relationships with global suppliers, including Nestlé from Switzerland, Mitsubishi from Japan, Sensient from the USA, and Kerry from Ireland, with partnerships spanning several decades [1]

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company's financial performance for the six months ended June 30, 2025, shows revenue growth but a decline in profit attributable to owners of the parent Financial Highlights for the Six Months Ended June 30, 2025 | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Revenue | RMB 317.0 million | RMB 298.6 million | +6.2% | | Gross Profit | RMB 59.2 million | RMB 57.2 million | +3.5% | | Profit Attributable to Owners of the Parent | RMB 17.7 million | RMB 18.9 million | -6.3% | | Basic and Diluted Earnings Per Share | RMB 0.03 | RMB 0.03 | Flat | | Interim Dividend | Not Recommended | Zero | N/A | [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) This section presents the condensed consolidated interim financial statements, including the statement of profit or loss, other comprehensive income, and financial position [Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) During the reporting period, the Group's revenue increased by 6.2% year-over-year to RMB 317 million, but profit attributable to owners of the parent decreased by 6.3% to RMB 17.7 million due to increased cost of sales and reduced other income, with basic earnings per share remaining flat Key Profit or Loss Statement Data | Item (RMB thousands) | 2025 (Unaudited) | 2024 (Unaudited) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 316,967 | 298,601 | +6.2% | | Gross Profit | 59,224 | 57,169 | +3.5% | | Profit Before Tax from Continuing Operations | 25,765 | 26,067 | -1.2% | | Profit for the Period | 17,694 | 18,939 | -6.6% | | Profit Attributable to Owners of the Parent | 17,694 | 18,939 | -6.6% | - Basic and diluted earnings per share were **RMB 0.03**, flat compared to the same period in 2024[6](index=6&type=chunk) [Condensed Consolidated Interim Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets increased to RMB 711 million and net assets to RMB 515 million, indicating steady asset expansion and a robust financial position with increased net current assets Key Financial Position Statement Data | Item (RMB thousands) | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | Change | | :--- | :--- | :--- | :--- | | Total Non-current Assets | 339,258 | 336,968 | +0.7% | | Total Current Assets | 372,025 | 370,554 | +0.4% | | **Total Assets** | **711,283** | **707,522** | **+0.5%** | | Total Current Liabilities | 127,580 | 143,932 | -11.4% | | Total Non-current Liabilities | 68,755 | 64,627 | +6.4% | | **Net Assets** | **514,948** | **498,963** | **+3.2%** | | **Total Equity** | **514,948** | **498,963** | **+3.2%** | [Notes to the Financial Statements](index=6&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements%20Notes) This section provides detailed explanatory notes to the condensed consolidated interim financial statements, covering accounting policies, segment information, and specific balance sheet items [Company Information, Basis of Preparation and Accounting Policies](index=6&type=section&id=1.%20Company%20Information%2C%20Basis%20of%20Preparation%20and%20Accounting%20Policies) The Group primarily engages in the distribution of food ingredients and additives, with financial statements prepared under Hong Kong Accounting Standards, consistent with prior year policies, and new revised standards adopted without significant impact on current financial data - The Group primarily engages in the distribution of food ingredients and food additives[9](index=9&type=chunk) - The interim financial statements are prepared in accordance with Hong Kong Accounting Standard 34, with accounting policies consistent with those applied in the 2024 annual financial statements[10](index=10&type=chunk)[11](index=11&type=chunk) [Operating Segments, Revenue and Other Income](index=7&type=section&id=3.%20Operating%20Segments%2C%20Revenue%20and%20Other%20Income) The Group operates a single business segment, food additive distribution, with revenue primarily from Mainland China and minor operations in Thailand and Vietnam; food ingredient sales grew strongly year-over-year while food additive sales declined, and other income significantly decreased due to reduced government grants and bank interest Revenue by Product Type (RMB thousands) | Product Type | 2025 H1 | 2024 H1 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Food Ingredients | 190,486 | 148,751 | +28.1% | | Food Additives | 126,481 | 149,850 | -15.6% | | **Total** | **316,967** | **298,601** | **+6.2%** | Revenue by Geographical Region (RMB thousands) | Geographical Region | 2025 H1 | 2024 H1 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Mainland China | 301,519 | 287,653 | +4.8% | | Thailand | 6,376 | 7,012 | -9.1% | | Vietnam | 9,072 | 3,936 | +130.5% | - Other income and net gains decreased from **RMB 1.2 million** in the prior period to **RMB 0.6 million**, primarily due to reduced government grants and bank interest income[22](index=22&type=chunk) [Profit, Taxation and Dividends](index=10&type=section&id=5.%20Profit%2C%20Taxation%20and%20Dividends) Profit before tax slightly decreased, mainly impacted by increased cost of sales and employee benefit expenses; income tax expense rose due to higher taxable income, and the Board does not recommend an interim dividend for the six months ended June 30, 2025, though the final dividend for the previous year was declared and paid during the period - Cost of inventories sold increased from **RMB 241 million** to **RMB 258 million**, and employee benefit expenses rose from **RMB 20.8 million** to **RMB 23.1 million**, which are key factors affecting profit[23](index=23&type=chunk) - Total income tax expense for the period was **RMB 8.1 million**, an increase from **RMB 7.1 million** in the same period last year[25](index=25&type=chunk) - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[3](index=3&type=chunk) [Earnings Per Share](index=12&type=section&id=8.%20Earnings%20Per%20Share%20Attributable%20to%20Owners%20of%20the%20Parent) Despite a decrease in profit attributable to owners of the parent, basic and diluted earnings per share remained flat at **RMB 0.03** due to an unchanged number of issued shares Earnings Per Share Calculation | Item | 2025 H1 | 2024 H1 | | :--- | :--- | :--- | | Profit Attributable to Owners of the Parent (RMB thousands) | 17,694 | 18,939 | | Weighted Average Number of Ordinary Shares in Issue | 680,000,000 | 680,000,000 | | Basic and Diluted Earnings Per Share (RMB) | 0.03 | 0.03 | [Assets and Liabilities Items](index=13&type=section&id=9.%20Assets%20and%20Liabilities%20Items) At the end of the reporting period, the Group's net book value of property, plant, and equipment increased, inventory levels remained stable, trade receivables significantly decreased, and cash and cash equivalents increased, indicating good financial liquidity - The net book value of property, plant, and equipment increased from **RMB 164 million** to **RMB 167 million**[33](index=33&type=chunk)[34](index=34&type=chunk) - Trade receivables decreased from **RMB 102 million** to **RMB 74.15 million**, with over **99%** due within 3 months, indicating well-controlled credit risk[35](index=35&type=chunk)[36](index=36&type=chunk) - Cash and cash equivalents increased from **RMB 185 million** to **RMB 204 million**[37](index=37&type=chunk) [Share Capital, Commitments and Related Party Disclosures](index=17&type=section&id=14.%20Share%20Capital%2C%20Commitments%20and%20Related%20Party%20Disclosures) The company's share capital structure remained unchanged, capital commitments primarily for building construction significantly decreased, and related party transactions for sales and purchases occurred during the period but at a reduced scale compared to the prior year - Issued and fully paid share capital remained flat at **680,000,000 shares** with a par value of **HKD 0.01** per share, consistent with year-end figures[40](index=40&type=chunk) - Capital commitments for buildings significantly decreased from **RMB 6.4 million** at the end of last year to **RMB 67 thousand**[41](index=41&type=chunk) - Total transactions with related parties during the period amounted to **RMB 21.8 million**, a decrease from **RMB 27.6 million** in the same period last year[42](index=42&type=chunk) [Management Discussion and Analysis](index=20&type=section&id=Management%20Discussion%20and%20Analysis) This section provides management's review of the Group's operational and financial performance, liquidity, and future strategic outlook [Business Review and Outlook](index=20&type=section&id=Business%20Review%20and%20Outlook) As a leading food ingredient and additive distributor in Asia, the Group has established strong partnerships with renowned brands through its R&D capabilities, achieving 6.2% revenue growth but a 6.3% profit decline during the period, with future plans to expand product sales, strengthen private brands, enhance R&D, and advance the Asia Pacific Innovation Center construction - The Group has established strong cooperative relationships with global suppliers such as Nestlé, Mitsubishi, Sensient, and Kerry, as well as numerous well-known domestic food and beverage manufacturers including Coca-Cola, Uni-President, and Nongfu Spring[46](index=46&type=chunk) - Future development plans include increasing product sales, strengthening private brands, enhancing R&D capabilities, and seeking strategic investment opportunities[48](index=48&type=chunk)[50](index=50&type=chunk)[51](index=51&type=chunk) - The Asia Pacific Innovation Center, currently under construction, is expected to be operational in early 2026, aiming to expand the portfolio of independently developed formulated products, which will benefit the Group's future development[49](index=49&type=chunk) [Financial Review](index=22&type=section&id=Financial%20Review) Revenue growth was primarily driven by strong performance in the fruit product line; gross profit margin slightly decreased to **18.7%** due to market fluctuations; selling and administrative expenses marginally increased due to labor costs and software upgrade fees, resulting in a 6.3% year-over-year decrease in profit for the period - Revenue increased by **6.2%** to **RMB 317 million**, primarily due to strong performance in the fruit product line[52](index=52&type=chunk) - Gross profit margin decreased from **19.1%** to **18.7%**, mainly due to market fluctuations[56](index=56&type=chunk) - Selling and distribution expenses increased by **6.3%**, primarily attributable to increased labor costs; administrative expenses increased by **1.0%**, mainly due to software upgrade fees[59](index=59&type=chunk)[60](index=60&type=chunk) - Under the combined impact, profit for the period decreased by **6.3%** from **RMB 18.9 million** to **RMB 17.7 million**[64](index=64&type=chunk) [Liquidity and Capital Resources](index=25&type=section&id=Liquidity%2C%20Financial%20Resources%20and%20Capital) The Group maintains a robust financial position with cash and cash equivalents increasing to **RMB 204 million**, a debt-to-asset ratio decreasing from **29.5%** to **27.6%**, and an increase in trade receivables turnover days, while adhering to prudent financial management and treasury policies - Cash and cash equivalents balance increased to **RMB 203.8 million**, primarily attributable to increased operating cash flow[68](index=68&type=chunk) - The debt-to-asset ratio (calculated as debt divided by total assets) decreased from **29.5%** as of December 31, 2024, to **27.6%** as of June 30, 2025[69](index=69&type=chunk) - Trade receivables turnover days increased from **51 days** to **57 days**, primarily due to fragmented orders with non-standard payment terms[67](index=67&type=chunk) [Other Information](index=27&type=section&id=Other%20Information) This section provides additional information including significant investments, share option schemes, corporate governance practices, and details regarding report publication [Significant Investments, Share Option Scheme and Corporate Actions](index=27&type=section&id=Significant%20Investments%2C%20Share%20Option%20Scheme%20and%20Corporate%20Actions) The Group holds a significant investment of approximately **8.59%** equity in Tianye Innovation Co., Ltd., representing about **15.0%** of total assets, with no share options granted or significant acquisitions, disposals, or securities repurchases during the period - The Group holds an **8.59%** equity interest in Tianye Innovation Co., Ltd., with a carrying value of **RMB 106.6 million** as of June 30, 2025, representing approximately **15.0%** of the Group's total assets[76](index=76&type=chunk) - During the review period, the Group neither granted any share options nor purchased, sold, or redeemed any of the Company's listed securities[75](index=75&type=chunk)[79](index=79&type=chunk) [Corporate Governance and Dividends](index=28&type=section&id=Corporate%20Governance%20and%20Dividends) The company complied with all provisions of the Corporate Governance Code during the reporting period, and directors adhered to the Model Code for securities transactions; the Board does not recommend an interim dividend for the six months ended June 30, 2025 - The Company has complied with all code provisions of the Corporate Governance Code as set out in Appendix C1 to the Listing Rules during the review period[80](index=80&type=chunk) - The Board does not recommend the payment of any dividend for the review period[82](index=82&type=chunk) [Audit Committee and Report Publication](index=29&type=section&id=Audit%20Committee%20and%20Report%20Publication) The Audit Committee, comprising three independent non-executive directors, has reviewed these interim results and confirmed their compliance with all applicable accounting standards and Listing Rules; this results announcement and the full interim report will be published on the Stock Exchange and the Company's website - The Audit Committee, comprising three independent non-executive directors, has reviewed the Group's interim results for the review period with management[83](index=83&type=chunk) - This results announcement and the 2025 interim report will be published on the Stock Exchange website and the Company's website[84](index=84&type=chunk)

Group 1 - The company, Xinrong International (01587.HK), has announced a board meeting scheduled for August 15, 2025, to consider and approve its unaudited consolidated interim results for the six months ending June 30, 2025 [1] - The board meeting will also consider the declaration of an interim dividend, if any [1]

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，並明確表示概不就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。 Shineroad International Holdings Limited 欣融國際控股有限公司 （ 於開曼群島註冊成立之有限公司 ） （股份代號：1587） 董事會會議通告 欣融國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「 董 事」）會（「 董事會」）謹此宣佈，本公司謹訂於二零二五年八月十五日（星期五） 舉 行 董 事 會 會 議，藉 以 考 慮 及 批 准（其 中 包 括）本 集 團 截 至 二 零 二 五 年 六 月 三十日止六個月之未經審核綜合中期業績及其刊發，以及考慮派發中期股息（如 有）。 承董事會命 欣融國際控股有限公司 主席 黃海曉 香港，二零二五年八月五日 於本公告日期，執行董事為黃海曉先生、黃欣融女士及戴毅輝先生；及獨立非執行董事為陳 偉成先生、陳家傑先生及孟岳成先生。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01587 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 致： ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of RMB 661.6 million, a decrease of 3.21% compared to RMB 683.6 million in 2023[9]. - Gross profit increased by 9.75% to RMB 125.6 million from RMB 114.5 million in the previous year[9]. - Net profit surged by 115.66% to RMB 43.7 million, up from RMB 20.3 million in 2023[9]. - Basic and diluted earnings per share rose to RMB 0.06, doubling from RMB 0.03 in the prior year[9]. - The group's revenue for the reporting year was RMB 661.6 million, a decrease of 3.22% from RMB 683.6 million in the previous year, indicating relative stability[24]. - The group's profit increased by 115.27% to RMB 43.7 million, compared to RMB 20.3 million in the previous year[35]. - Gross profit rose by RMB 11.1 million to RMB 125.6 million, with a gross margin increase to 18.98% from 16.75% due to a higher proportion of high-margin product sales[27]. - Sales costs decreased by approximately 5.82% to RMB 536.0 million from RMB 569.1 million, primarily due to a decline in sales volume[26]. - Other income decreased by 58.82% to RMB 2.1 million from RMB 5.1 million, mainly due to a reduction in government subsidies[28]. Cash Flow and Liabilities - Cash and cash equivalents increased by RMB 27.7 million to RMB 185.2 million, attributed to increased profits and improved management efficiency[41]. - The net cash flow from operating activities was approximately RMB 39.0 million, influenced by a pre-tax profit of about RMB 61.5 million and a decrease in inventory of about RMB 5.8 million[37]. - The total current liabilities increased to RMB 143.9 million from RMB 102.7 million, with a notable rise in trade payables and other payables[40]. - The group's interest-bearing bank loans increased to RMB 93.7 million from RMB 44.7 million, primarily due to the construction of the Asia-Pacific Innovation Center[41]. - The asset-liability ratio rose to 29.5% from 22.0%, reflecting the increase in debt levels[41]. - The group's total capital commitment as of December 31, 2024, is RMB 6.4 million, a decrease from RMB 80.5 million as of December 31, 2023, primarily due to construction contracts that have not been fully executed[45]. - The group's capital increased to RMB 499.0 million as of December 31, 2024, up from RMB 462.8 million as of December 31, 2023, reflecting an increase of RMB 36.2 million due to profit growth[46]. Corporate Governance - The company has appointed three independent non-executive directors, with two possessing appropriate professional qualifications in accounting and financial management[62]. - The board of directors has established mechanisms to ensure independent opinions and advice, including annual reviews of the number of independent non-executive directors[63]. - All directors participated in continuous professional development activities during the reporting year, ensuring their contributions to the board are informed and relevant[71]. - The board diversity policy has been adopted, considering various aspects such as gender, age, cultural background, and professional experience[73]. - The board consists of 5 male and 1 female director, achieving gender diversity[74]. - The company has arranged appropriate insurance for directors and senior officers to protect against legal liabilities arising from company activities[64]. - The board regularly meets to discuss overall strategy, operations, and financial performance, with all substantive agenda items accompanied by comprehensive briefing documents[65]. - The company secretary ensures effective communication among board members and compliance with board policies and procedures[67]. - Directors are required to participate in at least 15 hours of relevant professional training annually, as per listing rules[69]. - The board established three committees: the audit committee, the remuneration committee, and the nomination committee, each with specific responsibilities[78]. Risk Management and Compliance - The audit committee monitored the effectiveness of the group's risk management and internal control systems[82]. - The board confirmed its responsibility for maintaining effective internal control and risk management systems to safeguard shareholder investments[93]. - The company engaged an internal control consultant to review the effectiveness of internal control measures related to cash management, tax management, and fixed asset management[94]. - The external auditor, Ernst & Young, charged a fee of RMB 1,288,000 for their services during the reporting year[97]. - The company is committed to ensuring compliance with laws and regulations in its operating jurisdictions[125]. - The independent auditor confirmed that all related party transactions were approved by the board and complied with pricing policies[169]. - The auditor's report indicated no issues with the compliance of related party transactions with regulatory agreements[169]. Sustainability and ESG Initiatives - The group aims to achieve carbon neutrality by 2060, with established short-term and long-term sustainability goals[179]. - The environmental, social, and governance (ESG) report covers operations in Shanghai, Beijing, and Guangzhou, representing approximately 91.27% of annual revenue[184]. - The board will continue to review and monitor the group's ESG performance to provide reliable and comparable information to stakeholders[180]. - The group conducted internal and external assessments to identify key ESG issues, focusing on stakeholder reliance and influence[193]. - High importance issues identified for 2024 include compliance with environmental regulations and employment measures, while medium importance issues include anti-discrimination[199]. - The group has established an ESG working group composed of senior management and core members from various departments to oversee ESG initiatives[188]. - The electronic version of the ESG report is available on the Hong Kong Stock Exchange's website for public access[186]. Strategic Initiatives and Partnerships - The company obtained exclusive distribution rights for Citrusvil S.A. raw materials in August 2024, focusing on the functional nutrition sector[14]. - The Asia-Pacific Innovation Center, covering 40,816.13 square meters, is expected to be operational by the end of 2025, enhancing R&D capabilities[18]. - The company aims to strengthen its product offerings through partnerships with specialty brands in the food service and functional nutrition sectors[17]. - Strategic investment opportunities will be actively explored to acquire quality target businesses and assets for synergistic benefits[19]. - The Southeast Asia business is expected to leverage local offices to introduce more regional flavors to the Chinese market, enhancing competitive advantages[16]. Shareholder Information - The board recommends a final dividend of HKD 0.0225 per share, equivalent to approximately RMB 0.0208, totaling HKD 15.3 million (approximately RMB 14.2 million) based on 680,000,000 shares issued[53]. - The company may declare special dividends in addition to the annual dividend, depending on financial performance and other factors[77]. - The company aims to ensure shareholders and investors receive timely and comprehensive information regarding financial performance, strategic goals, and significant developments[102]. - The board encourages shareholder participation in annual general meetings to communicate the latest strategic plans, products, and services[103]. Employee and Management Information - The group employs 155 staff members, with compensation determined based on market terms and individual performance[51]. - As of December 31, 2024, the gender ratio among employees, including senior management, is 46% male and 54% female, indicating gender diversity within the workforce[74]. - The company has implemented internal policies to ensure compliance with social security and housing fund contributions since November 2017[130]. - The company has not faced any significant non-compliance issues related to environmental laws and regulations as of the report date[132].