Financial Performance - Total revenue for the year ended December 31, 2024, reached RMB 743,146,000, an increase from RMB 656,943,000 in 2023, representing a growth of approximately 13.1%[12] - Net profit for the same period was RMB 226,104,000, up from RMB 195,917,000 in 2023, indicating a growth of about 15.4%[13] - Total assets as of December 31, 2024, amounted to RMB 10,914,895,000, compared to RMB 9,428,623,000 in 2023, reflecting an increase of approximately 15.7%[15] - Total equity reached RMB 2,220,420,000, up from RMB 2,054,081,000 in 2023, marking a growth of around 8.1%[14] - Annual operating revenue reached RMB 878 million, a year-on-year increase of 5.27%, while total profit grew by 4.42% to RMB 362 million[26] - The return on equity was 10.9%, indicating strong financial performance[26] - The net profit margin was 30.9%, showcasing operational efficiency[18] - The company's earnings per share (EPS) for 2024 is projected to be RMB 0.20[16] - Total revenue for 2024 reached RMB 877,588,000, an increase of 5.7% compared to RMB 833,627,000 in 2023[34] - Net profit for 2024 was RMB 271,038,000, representing a year-on-year increase of 4.5% from RMB 259,875,000 in 2023[34] Risk Management and Asset Quality - The company maintained a non-performing asset ratio of 1.8%, reflecting effective risk management[27] - The company has established a dynamic risk management system utilizing generative AI technology to enhance its risk control capabilities[6] - The non-performing asset ratio was reported at 1.8%, an increase from 1.7% in the previous year, suggesting a slight rise in credit risk[40] - The company emphasized risk control and compliance, maintaining stable growth in operating performance[52] - The company has enhanced its risk control strategies, optimizing asset management processes and improving post-lease monitoring measures[118] - The expected credit impairment loss for 2024 was RMB 79.0 million, reflecting a 1.0% increase from the previous year's expected loss[98] - The provision coverage ratio improved to 207.5%, up by 22.9 percentage points from 184.6% as of December 31, 2023[130] Strategic Focus and Innovation - The company aims to deepen its focus on hard technology sectors, enhancing financial and technological integration to become a leading provider of innovation-driven financial services[7] - Future strategies include continuous investment in hard technology sectors and fostering innovation to support the growth of technology enterprises[7] - The company is committed to providing modular financial solutions that address key capital needs for technology enterprises, including equipment financing and operational optimization[6] - The company aims to enhance market competitiveness through a new product development mechanism and digital transformation initiatives[30] - The company is focusing on a "leasing + investment + service" business model, gradually enhancing its competitive advantages in differentiated services[117] Financing and Capital Structure - The financing for the year exceeded RMB 10 billion, with bond financing costs reaching a record low and the overall cost of capital reduced to 2.8%[27] - The company diversified its financing channels, raising RMB 10.084 billion in 2024, with bond financing reaching a historical high of RMB 4.914 billion[55] - The company successfully registered RMB 1.5 billion medium-term notes and raised RMB 500 million during the reporting period, along with issuing six phases of asset-backed securities totaling RMB 3.514 billion[141] - The group plans to continue optimizing its funding structure and exploring new financing channels to effectively control financing costs[80] Market Expansion and Customer Engagement - The company signed 697 new projects, serving over 2,500 technology innovation enterprises[17] - The company focused on sectors such as robotics, new energy vehicles, and medical equipment, with nearly 85% of new customers aligning with target industry segments[52] - The company accumulated over 200 potential customers through more than 10 promotional events, with 12 converting in the same period[52] - The company is exploring potential acquisitions to enhance its product portfolio and market presence[200] Employee and Management - The company has a total of 146 employees as of December 31, 2024, with approximately 67.1% holding master's degrees or higher[173] - The employee cost for the year ended December 31, 2024, is approximately RMB 99.4 million, compared to RMB 94.9 million in 2023[173] - The group has established a comprehensive performance evaluation and targeted training program for employees based on their positions and performance[178] - The management team has a strong educational background, with degrees from prestigious institutions such as Tsinghua University and Nankai University[191][197] Future Outlook - In 2024, China's GDP is expected to grow by 5% year-on-year, achieving major expected targets amid a complex international environment[47] - Overall, the company remains optimistic about future growth, driven by strategic initiatives and market demand[200] - The company plans to invest $50 million in marketing initiatives to support upcoming product launches[200]

Financial Performance - For the fiscal year ending December 31, 2024, revenue was approximately RMB 877.6 million, representing a growth of about 5.3% compared to approximately RMB 833.6 million for the fiscal year ending December 31, 2023[3]. - For the fiscal year ending December 31, 2024, profit before tax was approximately RMB 361.5 million, an increase of about 4.4% from approximately RMB 346.2 million for the fiscal year ending December 31, 2023[3]. - For the fiscal year ending December 31, 2024, net profit was approximately RMB 271.0 million, up about 4.3% from approximately RMB 259.9 million for the fiscal year ending December 31, 2023[3]. - The net profit for 2024 was RMB 271.0 million, reflecting a 4.3% growth compared to the previous year[28]. - The company's profit for the year 2024 was RMB 271,038 thousand, compared to RMB 259,875 thousand in 2023, indicating a growth of 4.5%[171]. - The total comprehensive income for 2024 was RMB 271,804 thousand, an increase from RMB 259,818 thousand in 2023, marking a rise of 4.6%[171]. Assets and Equity - As of December 31, 2024, total assets amounted to approximately RMB 13,055.8 million, reflecting a growth of about 5.2% from approximately RMB 12,414.9 million as of December 31, 2023[3]. - As of December 31, 2024, total equity was approximately RMB 2,581.4 million, an increase of about 7.5% from approximately RMB 2,400.2 million as of December 31, 2023[3]. - The net amount of loans and receivables as of December 31, 2024, was RMB 11,946.96 million, a 3.3% increase from the previous year[75]. - The total financial assets amounted to RMB 13,957.024 million, while total financial liabilities were RMB 10,454.383 million, resulting in a net liquidity gap of RMB 3,502.641 million[142]. - The total liabilities as of December 31, 2024, amount to RMB 10,474.44 million, reflecting a year-on-year increase of RMB 459.8 million or 4.6%[112]. Revenue Composition - Interest income reached RMB 729.9 million, accounting for 83.1% of total revenue, with a 5.5% increase from RMB 691.9 million in 2023[29]. - Revenue from the artificial intelligence sector grew by 39.0% year-on-year, contributing significantly to the overall revenue increase[31]. - The consulting fee income decreased by 1.6% to RMB 139.4 million, while operating lease income surged by 26,028.1% to RMB 8.4 million[29]. - The segment of "Smart Manufacturing" generated RMB 3,617,048 thousand, accounting for 30.3% of total revenue, down from 37.5% in 2023, a decrease of 16.5%[79]. - The "Dual Carbon" segment saw significant growth, with revenue increasing by 33.3% to RMB 3,066,044 thousand, up from RMB 2,300,645 thousand in the previous year[79]. - The "Artificial Intelligence" segment reported a revenue increase of 38.8%, reaching RMB 1,849,660 thousand, compared to RMB 1,332,616 thousand in 2023[79]. Financing and Investment - In 2024, the company achieved a financing amount of RMB 10.084 billion, with bond financing reaching a historical high of RMB 4.914 billion and a comprehensive cost rate dropping to a record low of 2.8%[22]. - The company established a RMB 500 billion re-lending facility for technological innovation and technical transformation, with RMB 400 billion incentivizing banks to support equipment upgrades[14]. - The company plans to invest RMB 500 million over three years in partnership with Shanghai Xiantou Intelligent Technology Co. to promote autonomous cleaning vehicles in the municipal sanitation market[27]. - The group has successfully registered RMB 1.5 billion in medium-term notes in 2024, raising RMB 500 million through its initial issuance[114]. Risk Management - The company reported a non-performing asset ratio of 1.8% as of December 31, 2024, compared to 1.7% as of December 31, 2023[11]. - The company’s asset non-performing rate was controlled at 1.8% for the year, reflecting effective risk management measures[21]. - The provision coverage ratio improved to 207.5%, an increase of 22.9 percentage points from 184.6% at the end of the previous year[102]. - The overall expected loss rate for assets has increased to 3.7%, indicating a more cautious approach to risk management[105]. Employee and Operational Metrics - The employee cost for the year ended December 31, 2024, was approximately RMB 99.4 million, an increase from RMB 94.9 million in 2023[149]. - The group had a total of 146 employees, an increase from 141 employees in 2023, with approximately 67.1% holding master's degrees or higher[149]. - The group’s operating expenses for 2024 were RMB 166.4 million, a decrease of RMB 4.5 million or 2.6% from the previous year[61]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.071 per share (before tax) for the fiscal year ending December 31, 2024[3]. - The company paid dividends of RMB 90,667 thousand in 2024, up from RMB 80,000 thousand in 2023, which is an increase of 13.3%[175]. Compliance and Accounting Standards - The group has adopted new and revised International Financial Reporting Standards (IFRS) effective from January 1, 2024, with no significant impact on the financial position and performance for the current and prior years[180]. - The group does not anticipate any significant impact on consolidated financial statements from the newly issued and revised IFRS in the foreseeable future[183].

Financial Performance - Total revenue for the first half of 2024 reached RMB 423,564,000, representing an increase of 6.0% compared to RMB 398,362,000 in the first half of 2023[15] - Net profit for the first half of 2024 was RMB 137,256,000, up 4.0% from RMB 130,988,000 in the same period last year[15] - The company's revenue for the six months ended June 30, 2024, was RMB 423,564,000, an increase from RMB 398,362,000 for the same period in 2023, representing a growth of 6.0%[17] - Net profit for the same period was RMB 137,256,000, compared to RMB 130,988,000 in 2023, reflecting a growth of 4.0%[17] - The return on equity (ROE) for the six months ended June 30, 2024, was 11.3%, slightly down from 11.7% in the previous year[17] - The company reported a net interest margin of 4.0% for the six months ended June 30, 2024, up from 3.8% in the previous year[17] - Profit for the reporting period was RMB 137.3 million, an increase of RMB 6.3 million or 4.8% year-on-year, driven by a 6.3% growth in total revenue[48] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 11,489,268,000, compared to RMB 11,168,458,000 as of June 30, 2023, reflecting a growth of 2.9%[16] - Total liabilities were RMB 9,042,441,000, compared to RMB 8,897,050,000 at the end of 2023, indicating an increase of 1.6%[18] - The total amount of receivables from sale-leaseback transactions and intellectual property leasing was RMB 8,377,455,000 and RMB 961,020,000 respectively, compared to RMB 9,130,440,000 and RMB 1,158,131,000 in the previous period[139] - The net amount of loans and receivables was RMB 10,656,088,000, a decrease of 7.9% from RMB 11,570,094,000 at the end of 2023[139] - The total provision for bad debts reached RMB 393,620,000, with a non-performing asset coverage ratio of 204.5%, an increase of 19.9 percentage points from the previous year[63] Revenue Streams - Interest income rose by 10.5% to RMB 365.9 million, accounting for 86.4% of total revenue, compared to RMB 331.0 million in the previous year[29] - Consulting fee income decreased by 19.7% to RMB 54.1 million, down from RMB 67.4 million in the same period last year[26] - Operating lease income was recorded at RMB 3.6 million, marking a new revenue stream for the company[28] Risk Management - The company has implemented a rigorous credit risk management policy to mitigate risks associated with customer defaults and has optimized its credit evaluation system for better risk control[78][80] - The company has established a comprehensive due diligence system that evaluates operational, credit, and legal risks associated with lessees, ensuring overall project risk is controllable[81] - The expected credit loss model has led to an increase in provisions for financial assets by RMB 30.8 million during the reporting period[62] Strategic Initiatives - The company aims to continue deepening the integration of finance and technology, enhancing its position as a leading financial service provider for technology innovation[3] - The company has developed a unique product system including intellectual property leasing and project leasing to address the financing challenges faced by technology enterprises[3] - The business model focuses on "leasing + investment + services," optimizing revenue and profit structure while enhancing customer loyalty[3] Shareholder Information - Major shareholder Zhongguancun Jinfu holds 640,000,000 shares, representing 76.19% of the total issued shares[107] - Major shareholder Nanshan Capital holds 99,900,000 H shares, representing 20.25% of the total H shares[110] - The company has a total of 1,333,334,000 shares issued, including 840,000,000 domestic shares and 493,334,000 H shares[1] Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[101] - The company has no significant contingent liabilities as of the reporting period[95] - The independent auditor did not identify any issues that would lead to a belief that the financial statements were not prepared in accordance with International Accounting Standard 34[117] Future Outlook - The company anticipates continued support from macroeconomic policies and an increase in external demand, contributing to stable economic performance[20] - The company aims to embrace innovation and adapt to market demands for high-quality development amidst regulatory changes in the financing leasing industry[21]

Financial Performance - For the six months ended June 30, 2024, revenue was approximately RMB 423.6 million, an increase of about 6.3% compared to approximately RMB 398.4 million in the same period last year[1]. - For the same period, profit before tax was approximately RMB 183.2 million, up about 5.2% from approximately RMB 174.2 million year-on-year[1]. - Net profit for the six months ended June 30, 2024, was approximately RMB 137.3 million, reflecting a growth of about 4.8% compared to approximately RMB 131.0 million in the previous year[1]. - Interest income rose to RMB 365.9 million, accounting for 86.4% of total revenue, reflecting a 10.5% increase from RMB 330.9 million in the previous year[16]. - The company achieved total revenue of RMB 423.6 million, a 6.3% increase from RMB 398.4 million in the same period last year[15]. - Net profit for the period was RMB 137.3 million, up 4.8% from RMB 131.0 million year-on-year[15]. - The company reported a basic and diluted earnings per share of RMB 0.10, unchanged from the previous year[101]. Asset and Equity Position - As of June 30, 2024, total assets amounted to approximately RMB 11,489.3 million, a decrease of about 7.5% from approximately RMB 12,414.9 million at the end of the previous year[1]. - As of June 30, 2024, total equity was approximately RMB 2,446.8 million, an increase of about 1.9% from approximately RMB 2,400.2 million at the end of the previous year[1]. - The group's total liabilities amounted to RMB 9,042.4 million, a decrease of RMB 972.2 million or 9.7% compared to the previous year[64]. - The group's total equity reached RMB 2,446.8 million, an increase of RMB 46.6 million or 1.9% compared to the previous year[71]. Risk Management and Asset Quality - The non-performing asset ratio as of June 30, 2024, was 1.8%, up from 1.6% in the previous year[5]. - The coverage ratio for provisions was 204.5% as of June 30, 2024, compared to 183.5% in the previous year[5]. - The company has implemented comprehensive risk management strategies, optimizing customer access and risk pricing to strengthen its core credit capabilities[12]. - The provision coverage ratio for asset quality has steadily improved, maintaining stable asset quality[52]. - The expected credit loss under the model was RMB 30.774 million, an increase of 2.6% from RMB 30.004 million in the previous year[36]. Financing and Capital Management - The company successfully issued short-term financing bonds and asset-backed securities, raising RMB 4.228 billion, achieving a new low in financing costs[11]. - The group has optimized its credit evaluation system to enhance risk management and support business operations[79]. - The company's total borrowings amounted to RMB 6,887.71 million, with an interest expense of RMB 119.196 million, resulting in a cost rate of 3.5%, a decrease from 3.8% in the same period last year[25]. - The company plans to provide RMB 500 million in funding support to Shanghai Jukun over the next three years to promote green transformation in the construction industry[14]. Operational Efficiency and Strategic Initiatives - The company is committed to deepening the integration of finance and industry, enhancing operational management, and improving service efficiency to foster new productive forces[11]. - The company has focused on key industries such as robotics, semiconductor materials, and new energy vehicle components, establishing specialized research teams to drive high-quality growth[11]. - The company is actively embracing innovation and transformation in the financing leasing industry, focusing on enhancing service effectiveness and precision[9]. - The company anticipates further expansion of its customer base and improvement in operational efficiency, driven by enhanced capital strength and digital capabilities[40]. Employee and Governance - As of June 30, 2024, the group has a total of 143 employees, an increase from 141 employees as of December 31, 2023[91]. - Approximately 62.9% of employees hold a master's degree or higher, indicating a highly educated workforce[91]. - The company has established a performance-based compensation incentive plan linked to overall work performance and contributions[93]. - The company has adopted the corporate governance code as per the listing rules to ensure high standards of corporate governance and protect shareholder interests[154]. Future Outlook - The OECD and World Bank have raised their global economic growth forecasts for 2024 to 2.9% and 2.6%, respectively, reflecting a more optimistic outlook[8]. - The company aims to enhance its internal value and provide satisfactory returns to investors while creating greater social value in the long term[100].

Strategic Partnerships and Business Expansion - The company signed a strategic cooperation agreement with Guangdong Mogu IoT Technology Co., Ltd. in November 2023, establishing an asset operation platform with an investment of tens of millions of RMB. The company plans to provide RMB 1 billion in funding support to the joint venture platform over the next three years, focusing on high-energy-consuming auxiliary energy workshops and offering digital energy hosting services to industrial enterprises[2] - The company aims to integrate resources with Mogu IoT to cover and explore the gas demand of various customers in the industrial chain, helping clients achieve measurable energy-saving and carbon reduction values, and supporting the national "dual carbon" goals[2] - The company has partnerships with various companies such as Wanjiatong, Li'ang Biomass, Nuoke Environment, and Youdi Technology, indicating a broad business network[7] - A strategic partnership was formed with Shanghai Xiangxiang Intelligent Technology Co., Ltd., with RMB 600 million in funding planned over the next three years[112] - The company signed a strategic cooperation agreement with Beijing Tage Zhixing Technology Co., Ltd. in December 2023, investing tens of millions of RMB to establish a joint asset operation platform, with plans to provide over RMB 1 billion in funding support over the next three years[144] Industry Focus and Innovation - The company focuses on sectors such as 5G communication, autonomous driving, IT equipment cloud services, medical health, biopharmaceuticals, dual carbon, circular economy, energy storage, and solid waste treatment[4][5][6] - The company has a strategic layout in artificial intelligence, biopharmaceuticals, 5G communication, medical devices, circular economy, autonomous driving, medical services, medical-engineering integration, and solid waste treatment[10] - The company is involved in the development of new energy vehicles, intelligent warehousing, cold chain logistics, high-end dairy, and intelligent kitchen equipment[10] - The company is engaged in the development of intelligent manufacturing, commercial aerospace, robotics, and new energy vehicles, reflecting a focus on high-tech and innovative industries[10] - The company focused on innovation in the "leasing + investment + service" business model, targeting industries such as equipment manufacturing, heavy asset services, and AI + hardware[95] - The company focused on innovation-driven development, aligning with national strategic needs in technology[114] - The company explored new paths for financial support in technological innovation, adapting to external changes[118] Financial Performance and Growth - Total assets increased to RMB 12,414,873 thousand in 2023, up from RMB 10,914,895 thousand in 2022[27] - Total equity rose to RMB 2,400,238 thousand in 2023, compared to RMB 2,220,420 thousand in 2022[28] - The company achieved total revenue of RMB 833.6 million in 2023, a 12.2% increase from RMB 743.1 million in 2022[37] - Net profit for 2023 was RMB 259.9 million, up 14.9% from the previous year[37] - Interest income accounted for 83.0% of total revenue, reaching RMB 691.9 million, a 12.8% increase from 2022[54] - Consulting fee income grew by 9.2% to RMB 141.7 million in 2023[54] - Revenue from the intelligent manufacturing sector surged by 54.7% to RMB 271.0 million in 2023[58] - The company provided financing services to nearly 2,200 technology innovation enterprises, with a total financing volume exceeding RMB 45 billion[60] - The company achieved a leasing placement of RMB 8.593 billion in 2023, with 292 new customers added[32] - The company's strategic focus includes leasing, investment, and service businesses, with a new product line achieving a "zero breakthrough" in operating lease models[31] - The company achieved a total business deployment of RMB 8.593 billion in 2023, a year-on-year increase of 15.8%, marking a breakthrough in the operating lease model[61] - The company's net profit for 2023 was RMB 259.875 million, showing a significant increase compared to previous years[70] - The company's total liabilities as of December 31, 2023, were RMB 10,014.6 million, an increase of 15.2% year-on-year, with borrowings accounting for 74.1% of total liabilities[80] - The company's capital expenditure for 2023 was RMB 93.9 million, primarily used for equity investments, business operations, and upgrades to risk management information systems[74] - The company's total revenue for 2023 was RMB 833.627 million, reflecting steady growth over the past five years[85] - The company's asset-liability ratio increased to 80.7% in 2023, up from 79.7% in 2022[71] - The company's net interest margin for 2023 was 3.9%, with a net interest spread of 2.9%[71] - The company's trade and other liabilities increased by 13.4% to RMB 2,587.8 million as of December 31, 2023, mainly due to an increase in lease deposits[82] - The company's return on equity (ROE) for 2023 was 11.2%, with a return on assets (ROA) of 2.2%[71] - The company's net profit margin for 2023 was 31.2%, indicating strong profitability[71] - The company's pre-tax profit increased by approximately 15.0% year-over-year, and the return on equity improved by about 0.6 percentage points[86] - The company achieved new financing lease business placements of RMB 8.593 billion, a year-over-year increase of 15.8%[91] - The company's financing costs remained stable with a slight decrease, achieving total financing of RMB 9.485 billion for the year[93] - The company's non-performing asset ratio was controlled at 1.7%, and the provision coverage ratio reached 184.6%[96] - The company successfully issued its first credit bond and expanded diversified financing channels, including ABS and ABN products[93] - The company's asset quality remained stable, with the non-performing asset ratio maintained at 1.7%[88] - The company's regional subsidiaries in Shenzhen, Hangzhou, and Suzhou showed strong growth momentum, contributing to the establishment of a standardized and replicable regional expansion model[91] - The company's credit rating was upgraded to AA+ by Oriental Golden Credit Rating[93] - Total assets increased to RMB 12,414.87 million in 2023, up from RMB 10,914.90 million in 2022[107] - Total liabilities rose to RMB 10,014.64 million in 2023, compared to RMB 8,694.48 million in 2022[107] - The asset-liability ratio stood at 80.7% in 2023, slightly higher than 79.7% in 2022[107] - Non-performing asset ratio remained stable at 1.7% in 2023, compared to 1.6% in 2022[107] - Provision coverage ratio improved to 184.6% in 2023 from 173.7% in 2022[107] - The company secured RMB 9.485 billion in financing in 2023, supporting business development[111] - Revenue for 2023 reached RMB 833,627 thousand, a 12.2% increase from RMB 743,146 thousand in 2022[122] - Net profit for 2023 was RMB 259,875 thousand, up 14.9% from RMB 226,104 thousand in 2022[122] - Return on equity (ROE) improved to 11.2% in 2023, compared to 10.6% in 2022[122] - Net interest margin (NIM) increased to 3.9% in 2023 from 3.7% in 2022[122] - The company successfully registered RMB 3 billion in ultra-short-term financing bills in 2023, with RMB 400 million issued within the year[136] - Asset-backed securities (ABS) issuance reached RMB 1.58 billion in 2023, with cumulative ABS issuance totaling RMB 8.472 billion by the end of 2023[136] - The company's "lease + investment + service" model continued to evolve, with the "industry-finance integration" model further enhancing operational efficiency and profitability[126][128] - The company's risk management capabilities improved through enhanced credit assessment models and digitalization efforts, ensuring stable asset quality[126] - The company's loan portfolio saw a 15.9% increase in total borrowing to RMB 7,412,648 thousand in 2023, with commercial bank loans accounting for 64.1% of the total[137] - The company's liquidity position remained strong, with short-term borrowings and the portion of long-term financing due within one year accounting for 85.0% of total borrowings at the end of 2023[138] - Total equity of the group reached RMB 2,400.2 million as of December 31, 2023, an increase of RMB 179.8 million or 8.1% compared to the end of the previous year[142] - The company's fund, Beijing Zhongnuo, saw a 103% year-on-year increase in settlement amount in 2023, with two investment projects successfully IPO on the Hong Kong Stock Exchange and Shenzhen Stock Exchange[146] - Total liabilities of the group amounted to RMB 10,014.6 million as of December 31, 2023, an increase of 15.2% compared to the end of 2022[150] - Bank loan balance stood at RMB 4,751.7 million as of December 31, 2023, accounting for 64.1% of total borrowings, an increase from the previous year[151] - Current borrowings increased by 62.0% to RMB 6,302.4 million as of December 31, 2023, while non-current borrowings decreased by 55.7% to RMB 1,110.2 million[153] - The company's total equity consisted of RMB 1,333.3 million in share capital (55.6%) and RMB 1,066.9 million in reserves (44.4%) as of December 31, 2023[155] - Interest income increased by 12.8% to RMB 691,933 thousand, while interest expenses rose by 7.5% to RMB 292,824 thousand, resulting in a net interest income growth of 17.1% to RMB 399,109 thousand[192] - The net interest margin improved by 5.4% to 3.9%, and the net interest spread increased by 11.5% to 2.9%[192] - Operating expenses increased by 13.5% to RMB 170,887 thousand, with service expenses rising significantly by 53.2% to RMB 33,379 thousand[194] - Employee costs grew by 8.4% to RMB 94,945 thousand, accounting for 55.6% of total operating expenses[194] - Loans and receivables increased by 58.7% to RMB 78,174 thousand in 2023 from RMB 49,246 thousand in 2022[197] - Off-balance sheet credit commitments decreased by 76.0% to RMB 80 thousand in 2023 from RMB 334 thousand in 2022[197] - Total impairment losses increased by 57.8% to RMB 78,254 thousand in 2023 from RMB 49,580 thousand in 2022[197] - The company expects to expand its customer base and improve operational efficiency, leading to significant enhancement in profitability[198] - The company plans to further develop its leasing business scale and enhance digital capabilities[198] Risk Management and Governance - The company has implemented a rigorous project approval process involving multiple decision-makers and specialized industry expertise to ensure accuracy and comprehensiveness in project evaluations[163] - The company has established a comprehensive post-lease management system covering lease asset management, lessee operation monitoring, lease asset classification, and non-performing asset disposal[165] - The company has classified lease assets into five categories: normal, watch, substandard, doubtful, and loss, and regularly evaluates and adjusts them to take timely measures for deteriorating assets[165] - The company has formed cross-departmental teams to analyze disposal methods for non-performing assets, including legal procedures, sale of leased assets, or other measures[165] - The company has focused its leasing business in 16 provinces and municipalities, with regional subsidiaries established in Suzhou, Hangzhou, and Shenzhen, and has recruited city partners to concentrate resources in economically developed areas[172] - The company has implemented strict industry and regional customer access policies to control credit risk, with each business unit proposing customer classification standards based on industry characteristics[172] - The company has a risk management system aimed at balancing risks and returns in serving the technology and new economy sectors, while maximizing company value[170] - The company faces major operational risks including credit risk, interest rate risk, and liquidity risk[171] - The board of directors has three independent non-executive directors, accounting for one-third of the board, with backgrounds in finance, law, and the leasing industry[167] - The board of directors holds at least four meetings annually, with the chairman meeting with independent non-executive directors at least once a year without other directors present[174] - The audit committee is authorized to review and monitor the company's compliance with legal and regulatory requirements, as well as the corporate governance code[173] - The company optimized its credit rating system, enhancing risk management capabilities and supporting project decision-making through a more scientific and refined model[176] - A new credit evaluation model for technology SMEs was established, focusing on historical credit, capital market attention, management team, and business operations[176] - The company strengthened its due diligence system, comprehensively assessing risks related to lessees, leased assets, and legal aspects to ensure overall project risk control[178] - The company manages interest rate risk by optimizing the maturity mismatch between interest-bearing assets and liabilities and aligning pricing with LPR and PBOC benchmark rates[179] Market and Economic Context - China's GDP grew by 5.2% in 2023, achieving major economic targets[113]

Financial Performance - For the year ended December 31, 2023, revenue was approximately RMB 833.6 million, an increase of about 12.2% compared to RMB 743.1 million for the year ended December 31, 2022[3]. - For the year ended December 31, 2023, profit before tax was approximately RMB 346.2 million, up about 15.0% from RMB 301.1 million in the previous year[3]. - For the year ended December 31, 2023, net profit was approximately RMB 259.9 million, representing a growth of approximately 14.9% compared to RMB 226.1 million for the year ended December 31, 2022[3]. - Interest income for the year ended December 31, 2023, was RMB 691.9 million, compared to RMB 613.4 million in 2022[4]. - The company reported a net income of RMB 32,825,000 from other income sources in 2023, significantly up from RMB 15,342,000 in 2022, marking a growth of 113.5%[98]. - Total interest expenses rose to RMB 292,824,000 in 2023, compared to RMB 272,493,000 in 2022, indicating an increase of 7.4%[99]. - Employee costs increased to RMB 94,945,000 in 2023 from RMB 87,595,000 in 2022, which is a rise of 8.5%[101]. - The profit before tax for 2023 is RMB 346,205 thousand, up 15.0% from RMB 301,100 thousand in 2022[103]. - The basic and diluted earnings per share for 2023 is RMB 0.19, up from RMB 0.17 in 2022, representing a growth of 11.8%[109]. Assets and Liabilities - As of December 31, 2023, total assets amounted to approximately RMB 12,414.9 million, an increase of about 13.7% from RMB 10,914.9 million as of December 31, 2022[3]. - As of December 31, 2023, total liabilities as of December 31, 2023, were RMB 7,918.1 million, compared to RMB 5,171.9 million as of December 31, 2022[8]. - The total current assets increased significantly to RMB 99,938 thousand in 2023, compared to RMB 42,044 thousand in 2022, representing a growth of 137.5%[132]. - The total loans and receivables amounted to RMB 11,207,248,000 as of December 31, 2023, an increase of 13.5% from RMB 9,819,652,000 in the previous year[120]. - The total liabilities from financing activities increased to RMB 7,472,349 thousand as of December 31, 2023, up from RMB 6,446,353 thousand on December 31, 2022[138]. Equity and Dividends - As of December 31, 2023, total equity was approximately RMB 2,400.2 million, reflecting an increase of about 8.1% from RMB 2,220.4 million as of December 31, 2022[3]. - The board proposed a final dividend of RMB 0.068 per share (before tax) for the year ended December 31, 2023[3]. - The proposed cash dividend for the current year is RMB 90.67 million, an increase from RMB 80.0 million in 2022[158]. Cash Flow and Operating Activities - The net cash used in operating activities for 2023 was RMB 635,563,000, a slight improvement compared to RMB 670,902,000 in 2022[14]. - The total cash and cash equivalents at the end of 2023 were RMB 635,263,000, compared to RMB 634,987,000 at the beginning of the year, showing a marginal increase[15]. - The company’s total lease cash outflow for 2023 was RMB 15,317 thousand, compared to RMB 19,507 thousand in 2022, indicating a decrease of approximately 21.3%[139]. Credit and Impairment - The company experienced an increase in impairment losses to RMB 78,254,000 in 2023 from RMB 49,580,000 in 2022, indicating potential challenges in asset valuations[14]. - The net provision for credit losses for the year 2023 was RMB 78,174 thousand, compared to a net reversal of RMB 49,246 thousand in 2022, indicating a significant shift in credit loss provisioning[126]. - The expected credit loss rate for total loans and receivables was 3.14% as of December 31, 2023, compared to 2.82% as of December 31, 2022, indicating an increase in credit risk[176]. Accounting Policies and Standards - The group adopted new or revised International Financial Reporting Standards (IFRS) during the accounting period, with no significant impact on the financial statements[22]. - The group confirmed deferred tax assets and liabilities related to lease liabilities and right-of-use assets starting from January 1, 2022, with no significant impact on cash flow or earnings per share[24]. - The group has reviewed its accounting policy disclosures to ensure compliance with the revised IFRS, particularly regarding the importance of accounting policy information[23]. Risk Management - The company has implemented a five-tier risk rating system to identify, monitor, and manage potential credit risks across its leasing business[172]. - The company has established credit risk limits based on global economic conditions, industry trends, and strategic objectives, focusing on optimizing the structure of its leasing assets[173]. - The company has adopted measures to manage interest rate risk, including optimizing the timing differences between interest-earning assets and interest-bearing liabilities[182]. Related Party Transactions - The company had no outstanding loans or receivables from related parties in 2023, while it repaid RMB 1,000 million in loans to related parties[198]. - Interest expenses on loans from related parties increased to RMB 20.2 million in 2023 from RMB 17.2 million in 2022[198]. - The company recorded RMB 8.4 million in service fees from related parties in 2023, compared to RMB 3.2 million in 2022[198].

智通财经APP讯，中关村科技租赁(01601)发布公告，于2023年12月22日，公司作为出租人与承租人北京威联德骨科技术有限公司订立融资租赁协议I和融资租赁协议II，出租人将购入承租人自有租赁资产I和租赁资产II，转让价款分别为5001.38万元(人民币，下同)及5032.41万元;及出租人将租赁资产I及租赁资产II租回给承租人，租赁期为24个月，总租赁款项均为5432.59万元，包括融资租赁本金为5000万元及融资租赁利息收入(含增值税)为432.59万元。 租赁资产I为骨科临床业务项下相关生产设备，账面净值约为5001.38万元。租赁资产II为骨科植入业务项下相关生产设备，账面净值约为5032.41万元。融资租赁协议I和融资租赁协议II的租赁期均为24个月，自2023年12月22日开始。 公告称，公司的主要业务为向客户提供融资租赁及咨询服务。订立融资租赁协议为公司部分日常及一般业务，预期将为公司带来稳定收入及现金流。 ...

智通财经APP讯，中关村科技租赁(01601)发布公告，于2023年12月19日，公司作为出租人与承租人郑州沃特节能科技股份有限公司订立融资租赁协议III，据此，出租人将购入承租人自有租赁资产III，转让价款为人民币2000万元;及出租人将租赁资产III租回给承租人，租赁期为36个月，总租赁款项为人民币2220.37万元。在融资租赁协议III项下，总租赁款项包括融资租赁本金为人民币2000万元及融资租赁利息收入(含增值税)为人民币220.37万元。 租赁资产III为高压辊磨机，账面净值约为人民币2044.32万元。 公告称，订立融资租赁协议将在租赁期内为公司带来收入和利润，符合公司业务发展策略。鉴于融资租赁协议基于正常商业条款订立，董事认为融资租赁协议的条款属公平合理，并符合公司及其股东的整体利益。 ...

Employee and Organizational Structure - As of June 30, 2023, the group had a total of 137 employees, an increase from 132 employees as of December 31, 2022[5] - Approximately 100% of employees hold a bachelor's degree or higher, with 64.23% holding a master's degree or above[5] - Employee costs accounted for 53.5% of total operating expenses, increasing by 13.9% from the previous year[111] Financial Performance - Total revenue for the six months ended June 30, 2023, was RMB 398,362 thousand, representing an increase from RMB 362,559 thousand in the same period of 2022, which is a growth of approximately 9.9%[36] - Net profit for the six months ended June 30, 2023, was RMB 130,988 thousand, up from RMB 111,854 thousand in the same period of 2022, reflecting a growth of about 17.1%[36] - The company's total assets reached RMB 11,168,458 thousand as of June 30, 2023, compared to RMB 9,495,412 thousand a year earlier, marking an increase of approximately 17.7%[39] - The return on equity (ROE) for the six months ended June 30, 2023, was 11.7%, up from 10.8% in the same period of 2022[36] - The net profit margin for the six months ended June 30, 2023, was 32.9%, compared to 30.9% in the same period of 2022, indicating improved profitability[36] - Interest income for the six months ended June 30, 2023, was RMB 330,962 thousand, compared to RMB 299,304 thousand in the same period of 2022, reflecting an increase of approximately 10.6%[36] - The company achieved a revenue growth of 9.9% year-on-year, reaching RMB 398.4 million, with a pre-tax profit increase of 16.6%[44] - Net interest income increased by 12.6% to RMB 187.012 million in the first half of 2023, compared to RMB 166.128 million in the same period of 2022[83] - The company reported a profit of RMB 131.0 million for the first half of 2023, representing a 17.1% increase from RMB 111.9 million in the same period of 2022[89] Asset and Liability Management - The company reported a debt-to-asset ratio of 79.7% as of June 30, 2023, which is an increase from 77.8% in the same period of 2022[39] - Total liabilities reached RMB 8,897.1 million, an increase of RMB 202.6 million or 2.3% from the previous year[167] - The total equity amounted to RMB 2,271.4 million, reflecting a growth of RMB 51.0 million or 2.3% compared to the end of the previous year[172] - The total amount of loans and receivables was RMB 11,221,484 thousand, with a net amount of RMB 10,411,388 thousand after accounting for impairment losses[122] - The group’s net loans and receivables increased by 3.0% to RMB 10,411.4 million from RMB 10,104.3 million at the end of the previous year[148] - The total borrowings amounted to RMB 6,600.0 million, an increase of RMB 204.7 million or 3.2% compared to the end of the previous year, primarily due to business expansion[141] Strategic Initiatives and Market Positioning - The company has established a strategic system of "1+2+3" to enhance its service to technology innovation enterprises and optimize its operational capabilities[25] - The company aims to deepen the integration of financial services into industrial scenarios to support high-quality development of the real economy[14] - The company is committed to innovating intellectual property leasing and technology micro-products to meet the unmet financial service needs of technology innovation enterprises[13] - The company is focusing on sectors such as intelligent manufacturing, new energy, and new infrastructure as important directions for industry transformation and optimization[23] - The company has completed its main strategic transformation planning and value management planning, laying a foundation for achieving its "14th Five-Year Plan" goals[25] Risk Management and Operational Efficiency - The group is committed to a prudent risk management policy to ensure sustainable business development[159] - The group faces major operational risks including credit risk, interest rate risk, liquidity risk, and foreign exchange risk[200] - The group has established and continuously iterates professional and reasonable credit risk management policies and processes[200] - The group has implemented a five-tier classification system for loans and receivables, with a focus on managing non-performing assets[149] - The group has deepened the value discovery capability of "light asset" enterprises, aligning with the characteristics of innovative enterprises[128] Future Outlook - The company anticipates continued economic recovery and expansion in the second half of 2023, supported by government policies and improvements in the labor market[42] - The group expects to expand its customer base and improve operational efficiency, leading to enhanced profitability in the future[119]

B_table indent_4.5 mm N_table indent_4 mm 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。 中 關 村 科 技 租 賃 股 份 有 限 公 司 ZHONGGUANCUN SCIENCE-TECH LEASING CO., LTD. （一家於中華人民共和國註冊成立的股份有限公司） （股份代號：1601） 截至2023年6月30日止六個月之中期業績公告 財務摘要 • 截至2023年6月30日止六個月，收入約人民幣398.4百萬元，較去年同期的約 人民幣362.6百萬元增長約9.9%。 • 截至2023年6月30日止六個月，稅前利潤約人民幣174.2百萬元，較去年同期 的約人民幣149.3百萬元增長約16.6%。 • 截至2023年6月30日止六個月，期內利潤約人民幣131.0百萬元，較去年同期 的約人民幣111.9百萬元增長約17.1%。 ...