（於開曼群島註冊成立的成員有限公司） （股份代號：1629） 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。 Champion Alliance International Holdings Limited 冠均國際控股有限公司 盈利警告 陳 辰 香 港，二 零 二 五 年 八 月 二 十 二 日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 事 陳 辰 先 生、陳 小 龍 先 生、胡 恩 鋒 先 生、李 愛 國 先 生 及 羅 艷 紅 女 士；及 獨 立 非 執 行 董 事 陳 華 先 生、趙 振 東 先 生 及 錢 志 浩 先 生。 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司 股 份 時 務 請 審 慎 行 事。 承董事會命 冠均國際控股有限公司 執行董事 本 公 告 由 冠 均 國 際 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 合 稱 ...

Core Viewpoint - Guan Jun International Holdings (01629.HK) announced a board meeting scheduled for August 29, 2025, to consider and approve the unaudited interim results for the six months ending June 30, 2025, and to discuss the declaration and distribution of an interim dividend, if any, along with other matters [1]. Group 1 - The board meeting will focus on the approval of the company's interim results [1]. - The meeting will also consider the declaration and distribution of an interim dividend [1]. - Additional matters will be addressed during the board meeting [1].

董事會會議通告 冠 均 國 際 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈 本 公 司 將 於 二 零 二 五 年 八 月 二 十 九 日（星 期 五）舉 行 董 事 會 會 議，藉 以（其 中 包 括）(i)考 慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審 核 中 期 業 績 及 刊 發 其 公 告；(ii)考 慮 宣 派 及 派 發 中 期 股 息（如 有）；及(iii)處理任 何 其 他 事 項。 承董事會命 冠均國際控股有限公司 執行董事 陳 辰 香 港，二 零 二 五 年 八 月 十 三 日 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。 Champion Alliance International Holdings Limited 冠均國際控股有限公司 （於開曼群島註冊成立的成員有限公司） （股份代號：1629） 於 ...

Company Overview - Crown International Holdings Limited primarily engages in the manufacturing and sales of cigarette packaging materials, with over 10 years of operational history [2] - The company produces aluminum-plated packaging paper for sale to Chinese cigarette packaging manufacturers [2] - Since 2019, the company has diversified its operations into household paper and new energy sectors, including industrial steam, residential heating, and electricity [2] Financial Performance - As of December 31, 2024, Crown International Holdings reported total revenue of 118 million yuan, a year-on-year decrease of 1.62% [1] - The net profit attributable to shareholders was 3.094 million yuan, down 82.05% year-on-year [1] - The gross profit margin stood at 15.35%, with a debt-to-asset ratio of 20.86% [1] Market Position and Valuation - The company's price-to-earnings (P/E) ratio is 20.43, ranking 17th in its industry, while the average P/E ratio for the industrial support sector is 15.32 [1] - Other companies in the same sector have significantly lower P/E ratios, such as Zhongbao New Materials at 2.71 and Changda Holdings at 3.41 [1] Industry Insights - The household paper industry is expected to grow in line with China's GDP growth, benefiting from the overall economic stability and rising income levels [4] - The company has over 300 agents in China, covering a consumer base of 500 million people, with plans to expand into central and southern regions [4] - The company aims to enhance its brand quality and innovate continuously to adapt to stricter industry regulations and future demands [4] New Energy Sector - The new energy business focuses on clean coal utilization, clean production, and energy-saving solutions, contributing to China's clean energy transition [3] - The company operates through a professional management team in thermal power enterprises, addressing long-standing heating source structure issues in urban and industrial areas [3]

呈交日期: 2025年8月1日 I. 法定/註冊股本變動 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 致：香港交易及結算所有限公司 公司名稱: 冠均國際控股有限公司 | 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) | 01629 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊股本 ...

Core Viewpoint - Guan Jun International Holdings (01629) reported a decline in revenue and net profit for the fiscal year 2024, with total revenue of 120 million yuan, down 0.94% year-on-year, and a net profit attributable to shareholders of 3.094 million yuan, down 82.05% year-on-year [2]. Financial Performance - The company achieved a net cash flow from operating activities of 21.032 million yuan, a significant improvement from a negative cash flow of 39.349 million yuan in the previous year [2]. - Basic earnings per share were reported at 0.0057 yuan, with a weighted average return on equity of 1.21%, reflecting a decrease of 5.85 percentage points compared to the previous year [21][2]. Valuation Metrics - As of April 30, the company's price-to-earnings ratio (TTM) was approximately 24.52 times, the price-to-book ratio (TTM) was about 0.3 times, and the price-to-sales ratio (TTM) was around 0.64 times [2]. Revenue Composition - For 2024, the revenue composition included 12.9 million yuan from property leasing and 104.8 million yuan from the sale of consumer paper products [16][12]. Cash Flow Analysis - The net cash flow from financing activities was -13.015 million yuan, a decrease of 5.876 million yuan year-on-year, while the net cash flow from investing activities was -139,000 yuan, improving from -4.007 million yuan in the previous year [23]. Asset and Liability Changes - As of the end of 2024, prepayments increased by 1,605.66%, while inventory decreased by 89.74%, and fixed assets decreased by 16.49% [34]. - Other payables increased by 33.57%, while tax payables decreased by 58.94% [37]. Liquidity Ratios - The company reported a current ratio of 3.51 and a quick ratio of 3.42 for 2024, indicating strong liquidity [40].

Financial Performance - The total revenue for the fiscal year ending December 31, 2024, was approximately RMB 117.7 million, a decrease of 1.6% compared to RMB 119.7 million in the previous year[20]. - Gross profit for the fiscal year was approximately RMB 18.1 million, down 20.3% year-on-year, with a gross margin of 15.3%[10]. - The revenue from the life paper and hygiene products segment was approximately RMB 104.8 million, a decrease of 10.9% compared to the previous year[15]. - The property leasing segment generated revenue of approximately RMB 12.9 million, representing a significant increase of 560.8% from RMB 1.9 million in the previous year[21]. - Other income and gains increased by approximately 58.7% to about RMB 2.2 million, primarily due to miscellaneous income during the reporting period[23]. - The net profit attributable to owners from continuing operations decreased to approximately RMB 3.1 million for the year ending December 31, 2024, compared to RMB 14.6 million for the same period in 2023[30]. - Revenue from the top five customers accounted for approximately RMB 39.2 million, representing about 33.3% of total revenue for the year ending December 31, 2024[48]. - The top five customers accounted for approximately 33.3% of total sales this year, down from 54.4% in the previous year, with the largest customer contributing about 10.9% of total sales[62]. - The top five suppliers represented about 87.1% of total purchases this year, a decrease from 94.1% in the previous year, with the largest supplier accounting for approximately 78.3% of total purchases[62]. Expenses and Capital Expenditure - Sales and distribution expenses increased by approximately 44.2% from RMB 1.7 million for the year ended December 31, 2023, to about RMB 2.5 million for the year ending December 31, 2024, primarily due to rising transportation costs[24]. - Administrative expenses rose from approximately RMB 6.4 million for the year ended December 31, 2023, to about RMB 7.2 million for the year ending December 31, 2024, mainly driven by increased employee costs[27]. - The total capital expenditure for the year ending December 31, 2024, was approximately RMB 3.9 million, up from RMB 3.1 million for the year ended December 31, 2023[35]. - The company employed 41 staff as of December 31, 2024, compared to 22 staff as of December 31, 2023, with total employee costs for the year amounting to approximately RMB 4.6 million, an increase from RMB 2.8 million in the previous year[40]. Debt and Financial Health - The total debt decreased from approximately RMB 32.2 million as of December 31, 2023, to about RMB 21.9 million as of December 31, 2024, resulting in a reduction of the debt-to-equity ratio from about 9.6% to approximately 6.6%[32]. - The company has no significant contingent liabilities as of December 31, 2024, consistent with the previous year[38]. - The company’s distributable reserves as of December 31, 2024, are approximately RMB 127 million[95]. Strategic Plans and Market Outlook - The company is open to potential mergers and acquisitions to enhance its business portfolio and adapt to future operating environments[11]. - The Chinese market for life paper is projected to reach approximately USD 18 billion by 2025, with an expected annual growth rate of 5.25% from 2025 to 2029[14]. - The company anticipates a significant opportunity in the household paper and hygiene products industry by 2025, driven by urbanization and an expanding middle class, leading to increased demand for high-quality living products[50]. - The company plans to enhance regional penetration by expanding its business in underrepresented areas, particularly in rapidly developing cities and suburbs in China[51]. - The company aims to strengthen its position in the expanding hygiene product market by introducing innovative products and leveraging its strong distribution capabilities[51]. - The company plans to utilize approximately RMB 21 million of unutilized funds for investment in production workshops, equipment upgrades, and technology research and development[45]. Governance and Compliance - The company has complied with the corporate governance code as per the listing rules during the year[115]. - The company has established service agreements for its executive directors, with an initial term of three years[85]. - The company has established appropriate policies and procedures for risk management and internal control, ensuring compliance with applicable laws and regulations[172]. - The board consists of eight members, including five executive directors and three independent non-executive directors, ensuring effective governance[132]. - The independent non-executive directors have confirmed their independence according to the listing rules[124]. - The company has established three committees: audit, remuneration, and nomination, each with defined responsibilities[146]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an environmental policy to balance economic value creation and environmental impact, aiming for sustainable development[118]. - The company is committed to enhancing its ESG performance and has identified significant ESG risks and challenges for the period from January 1, 2024, to December 31, 2024[187]. - The ESG report highlights the company's main business operations, which include trading household paper products and hygiene products, as well as property leasing[187]. - The company has established various communication channels with stakeholders, including shareholders, customers, employees, and suppliers, to enhance ESG engagement[195]. - A materiality assessment was conducted, revealing that employee health and safety, corporate governance, and product quality are of utmost importance to stakeholders[191]. - The company has established an environmental protection committee to oversee and guide environmental management[199]. - The safety and environmental department is responsible for enhancing environmental control and developing related policies[199]. - No violations of environmental laws and regulations related to emissions, wastewater, and waste disposal occurred during the reporting period[199].

Corporate Governance - Champion Alliance International Holdings Limited is a publicly listed company registered in the Cayman Islands with stock code 1629[2] - The company has adhered to all applicable corporate governance codes as per the listing rules up to the fiscal year ending December 31, 2024[2] - The board of directors emphasizes the importance of good corporate governance standards and internal procedures for accountability and enhancing shareholder value[2]

Financial Performance - For the year ending December 31, 2024, the revenue from continuing operations decreased by approximately 1.6% or RMB 1.9 million to about RMB 117.7 million[2]. - The gross profit from continuing operations for the same period decreased by approximately 20.3% or RMB 4.6 million to about RMB 18.1 million[2]. - The profit attributable to equity holders from continuing operations was approximately RMB 3.1 million, down from RMB 14.6 million for the year ending December 31, 2023, representing a decline of about 78.8%[3]. - Basic earnings per share from continuing operations for the year ending December 31, 2024, were approximately RMB 0.57, compared to RMB 2.68 for the previous year, a decrease of about 78.7%[4]. - The Group's adjusted profit before tax for continuing and discontinued operations was RMB 1,060 thousand in 2024, down from RMB 25,139 thousand in 2023[20]. - The group's profit before tax for the year 2024 was RMB 78,124,000, a decrease from RMB 93,241,000 in 2023, reflecting a decline of approximately 16.1%[28]. - The income tax expense for 2024 was RMB 722,000, significantly lower than RMB 12,955,000 in 2023, indicating a reduction of about 94.4%[29]. - The profit attributable to the owners of the company for the year ending December 31, 2024, is approximately RMB 3.1 million, a decrease from RMB 14.6 million for the same period in 2023[52]. Assets and Liabilities - Total non-current assets decreased from RMB 216.0 million in 2023 to RMB 198.3 million in 2024, a decline of approximately 8.1%[5]. - Current assets increased from RMB 211.7 million in 2023 to RMB 223.9 million in 2024, an increase of approximately 5.7%[5]. - The net current assets increased from RMB 154.3 million in 2023 to RMB 160.1 million in 2024, an increase of approximately 3.8%[5]. - Total assets less current liabilities decreased from RMB 370.3 million in 2023 to RMB 358.4 million in 2024, a decline of approximately 3.2%[5]. - Non-current liabilities decreased from RMB 36,073 thousand in 2023 to RMB 24,271 thousand in 2024, representing a reduction of approximately 32.5%[6]. - Total equity remained stable at RMB 334,172 thousand in 2024 compared to RMB 334,243 thousand in 2023, showing a negligible change of 0.02%[6]. - The company's reserves increased from RMB 246,380 thousand in 2023 to RMB 249,065 thousand in 2024, reflecting a growth of about 1.1%[6]. - Other payables significantly decreased from RMB 13,553 thousand in 2023 to RMB 1,988 thousand in 2024, indicating a decline of approximately 85.3%[6]. - Total debt as of December 31, 2024, is approximately RMB 21.9 million, down from RMB 32.2 million as of December 31, 2023, resulting in a decrease in the debt-to-equity ratio from 9.6% to 6.6%[54]. Revenue Segments - The Group's revenue for the year 2024 was RMB 117,713 thousand, a decrease of 1.0% from RMB 119,652 thousand in 2023[26]. - Rental income from the property leasing segment increased significantly to RMB 12,865 thousand in 2024, compared to RMB 1,947 thousand in 2023, representing a growth of 560.4%[26]. - Sales of goods in the household paper and hygiene products segment decreased to RMB 104,848 thousand in 2024 from RMB 117,705 thousand in 2023, a decline of 10.9%[26]. - Revenue from the property leasing segment increased significantly by 560.8%, from RMB 1,947 thousand in 2023 to RMB 12,865 thousand in 2024[45]. - Revenue from the life paper and hygiene products segment decreased by 10.9%, from RMB 117,705 thousand in 2023 to RMB 104,848 thousand in 2024[42]. Expenses and Costs - The Group's financial costs for the year 2024 were RMB 772 thousand, an increase from RMB 663 thousand in 2023[27]. - The depreciation of property, plant, and equipment for 2024 was RMB 18,334,000, a significant increase from RMB 3,227,000 in 2023[28]. - The group’s employee benefits expenses, including director remuneration, increased to RMB 4,633,000 in 2024 from RMB 2,814,000 in 2023, marking a rise of approximately 64.5%[28]. - Selling and distribution expenses rose by 44.2% from approximately RMB 1.7 million in 2023 to about RMB 2.5 million in 2024, mainly due to increased transportation costs[48]. - Administrative expenses increased from approximately RMB 6.4 million in 2023 to about RMB 7.2 million in 2024, primarily due to rising employee costs[49]. Dividends and Shareholder Returns - The board of directors recommended not to declare any final dividend for the year ending December 31, 2024[2]. - The group did not recommend any dividend payment for the year ending December 31, 2024, consistent with the previous year[35]. - The company does not propose any final dividend for the year ending December 31, 2024, consistent with the previous year[61]. Operational Changes - The company has ceased operations in the manufacturing and sales of steam, heating, and electricity for industrial purposes in mainland China as of December 31, 2023[8]. - The company plans to adopt revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which may impact future financial reporting[13]. - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance or position during the current accounting period[14]. - The Group is currently evaluating the impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements[18]. Market Outlook and Strategy - The Chinese government's GDP growth target for this year is set at around 5%, focusing on stabilizing the economy and promoting employment[68]. - The demand for high-quality consumer products is expected to increase due to urbanization and the expansion of the middle class in China[68]. - The company aims to enhance its market share by providing a diverse range of sanitary and household paper products, emphasizing quality, hygiene, and environmental responsibility[69]. - The ongoing global health events have heightened consumer awareness of hygiene, leading to sustained demand for household hygiene products[70]. - The company plans to strengthen regional penetration, particularly in rapidly developing cities and suburbs in China[70]. - The focus on innovation, regional expansion, and supply chain optimization is expected to drive continued growth and success in the coming years[71]. Governance and Management - The board expresses gratitude for the efforts and dedication of the management team and all employees, as well as the support from shareholders and business associates throughout the year[79]. - The announcement is made by the chairman and executive director, Mr. Chen Chen, on March 28, 2025[80]. - The board includes executive directors Mr. Chen Chen, Mr. Chen Xiaolong, Mr. Hu Enfeng, Mr. Li Aiguo, and Ms. Luo Yanhong, along with independent non-executive directors Mr. Chen Hua, Mr. Zhao Zhendong, and Mr. Qian Zhihao[81].

Revenue Performance - Total revenue for the six months ended June 30, 2024, was approximately RMB 63.7 million, an increase of about RMB 5.6 million compared to RMB 58.1 million for the same period in 2023, primarily due to the new property leasing business segment[6]. - Revenue from the life paper and hygiene products segment was approximately RMB 55.8 million, a decrease of about 4% from RMB 58.1 million in the same period of 2023[4][7]. - Revenue from the property leasing segment was approximately RMB 7.9 million, with no revenue reported for the same period in 2023[8]. - For the six months ended June 30, 2024, the company reported revenue of RMB 63,692,000, an increase of 9.0% compared to RMB 58,098,000 for the same period in 2023[39]. - The total revenue for the first half of 2024 was RMB 63,692 thousand, compared to RMB 175,261 thousand in the same period of 2023, representing a decrease of approximately 63.6%[58]. - Revenue from property leasing was RMB 7,909 thousand for the first half of 2024, while sales of consumer paper and hygiene products generated RMB 55,783 thousand, indicating a shift in revenue sources[58]. Profitability and Expenses - Gross profit decreased from approximately RMB 12.7 million for the six months ended June 30, 2023, to approximately RMB 9.8 million for the same period in 2024, with a gross margin decline from 21.8% to 15.3%[9]. - The company recorded a profit before tax of RMB 6,044,000, a decrease of 39.0% from RMB 9,955,000 in the prior year[39]. - Net profit from continuing operations was RMB 3,439,000, down 50.5% from RMB 6,943,000 in the same period last year[39]. - The total comprehensive income for the period was RMB 2,424,000, significantly lower than RMB 13,937,000 in the previous year[39]. - Profit attributable to owners of the company for the six months ended June 30, 2024, was approximately RMB 5 million, a significant decrease from RMB 16.7 million for the same period in 2023[13]. - The adjusted profit before tax for continuing and discontinued operations was RMB 6,044 thousand, down from RMB 27,049 thousand in the previous year, reflecting a significant decline in profitability[53]. - The company reported a loss of RMB 2,757 thousand from the property leasing segment, while the consumer paper and hygiene products segment generated a profit of RMB 10,373 thousand[53]. Costs and Expenses - Selling and distribution expenses increased by approximately 33.6% from RMB 0.9 million to RMB 1.2 million, primarily due to rising transportation costs[11]. - Administrative expenses rose from approximately RMB 2.1 million to RMB 2.8 million, mainly due to increased employee costs[12]. - Financial costs increased from RMB 0.2 million to RMB 0.3 million, attributed to estimated interest on receivable lease deposits[13]. - The cost of goods sold for the six months ended June 30, 2024, was RMB 98,138,000, resulting in a gross margin of approximately 16.2%[69]. - The company reported a decrease in management compensation to RMB 509,000 for the six months ended June 30, 2024, down from RMB 800,000 for the same period in 2023, a decline of 36.4%[79]. Assets and Liabilities - As of June 30, 2024, the group's net current assets amounted to approximately RMB 166.6 million, an increase from RMB 154.3 million as of December 31, 2023[14]. - Total borrowings as of June 30, 2024, were approximately RMB 20.2 million, up from RMB 19.8 million as of December 31, 2023, while the debt-to-equity ratio decreased from approximately 9.4% to 7.7%[15]. - Non-current assets totaled RMB 205,869,000 as of June 30, 2024, a decrease of 4.7% from RMB 216,023,000 at the end of 2023[41]. - Current assets decreased to RMB 220,690,000 from RMB 230,865,000, reflecting a decline of 4.9%[41]. - Current liabilities were reduced to RMB 54,049,000, down 29.5% from RMB 76,572,000 at the end of 2023[41]. - Total equity attributable to owners of the company increased to RMB 255,167,000 from RMB 251,218,000, reflecting a growth of 1.9%[42]. Cash Flow and Investments - Operating cash flow from continuing operations for the six months ended June 30, 2024, was RMB 6,044,000, a decrease of 39.4% compared to RMB 9,955,000 in the same period of 2023[44]. - The net cash used in operating activities for the six months ended June 30, 2024, was RMB 7,732,000, compared to a net cash used of RMB 79,323,000 in the same period of 2023[46]. - The total cash and cash equivalents at the end of the period increased to RMB 112,230,000 from RMB 81,853,000 in the previous year, representing a growth of 37.1%[46]. - The company recognized a decrease in trade receivables, which increased by RMB 2,288,000 compared to a much larger increase of RMB 58,693,000 in the same period of 2023, reflecting better collection efforts[44]. - The company acquired factories and machinery in mainland China for approximately RMB 101,000 during the six months ended June 30, 2024[74]. Strategic Developments - The company has established a leasing agreement with a state-owned enterprise for the rental of factory buildings, equipment, and land until December 31, 2026[3]. - The group plans to allocate approximately RMB 23.3 million (62% of total proceeds) for purchasing and upgrading production equipment and expanding production facilities[21]. - The company has ceased operations in the renewable energy business on November 15, 2023, which had previously contributed to the financial results[47]. - The company continues to focus on the consumer paper and hygiene products market, which remains its primary revenue driver despite the overall decline in total revenue[58]. Shareholder and Governance - Major shareholder Chen Shuming holds 350,000,000 shares, representing 64.09% of the company's total shares[29]. - The company has no outstanding share options under its share option scheme as of the reporting date[31]. - The company has established an audit committee to ensure effective financial controls and compliance with applicable standards[35]. - There were no significant changes in the interests of directors in contracts related to the company's business during the reporting period[33]. - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[73]. Economic Outlook - The management remains optimistic about the long-term development of the Chinese economy, with a GDP growth target of around 5% for 2024, which may stimulate demand for consumer goods[25].