智通财经APP讯，冠均国际控股(01629)发布截至2023年12月31日止年度业绩，该集团期内取得持续经营业务收益1.2亿元(人民币，下同)，同比增加83.55%;股东应占溢利1723.3万元，上年同期股东应占亏损919.6万元，同比扭亏为盈;每股基本盈利3.16分。 公告称，扭亏为盈主要由于集团生活用纸产品分部的收益于有关年度大幅增加;及2022年度，公司拥有人应占亏损净额约1820万元乃主要由于集团卷烟包装产品业务产生亏损约4840万元，而集团已于2022年10月终止并出售该业务。 ...

Financial Performance - For the year ended December 31, 2023, the revenue from continuing operations increased by approximately 83.5% or RMB 54.5 million to approximately RMB 119.7 million[3]. - The gross profit from continuing operations for the same period rose by about 24.3% or RMB 4.4 million to approximately RMB 22.7 million[3]. - The profit attributable to equity holders for the year ended December 31, 2023, was approximately RMB 17.2 million, compared to a loss of approximately RMB 9.2 million for the year ended December 31, 2022[3]. - Basic earnings per share from continuing and discontinued operations for the year ended December 31, 2023, was approximately RMB 3.16, compared to a basic loss per share of approximately RMB 1.68 for the year ended December 31, 2022[3]. - Basic earnings per share from continuing operations for the year ended December 31, 2023, was approximately RMB 2.68, compared to approximately RMB 0.001 for the year ended December 31, 2022[3]. - The company reported a profit attributable to owners of RMB 14,610,000 for the year, compared to a loss of RMB 9,203,000 from discontinued operations[6]. - The company reported a pre-tax profit of RMB 25,139 thousand for continuing and discontinued operations in 2023, a substantial increase from RMB 2,764 thousand in 2022[27]. - The group’s income tax expense for the year ended December 31, 2023, was RMB 12,955,000, a decrease of 19.1% from RMB 15,997,000 in 2022[40]. - The company reported a net profit attributable to shareholders of RMB 17,233 thousand for 2023, compared to a loss of RMB 9,196 thousand in 2022[49]. - Basic and diluted earnings per share from continuing operations increased to RMB 2.68 in 2023, up from RMB 0.00 in 2022[49]. Assets and Liabilities - Total non-current assets decreased to RMB 216,023,000 from RMB 236,106,000 year-over-year[8]. - Current assets increased to RMB 230,865,000 from RMB 214,197,000, with cash and cash equivalents decreasing to RMB 111,030,000 from RMB 160,885,000[8]. - Current liabilities rose to RMB 76,572,000 from RMB 63,417,000, indicating a potential increase in short-term financial obligations[8]. - The company’s total assets less current liabilities stood at RMB 370,316,000, down from RMB 386,886,000[8]. - Non-current liabilities decreased significantly to RMB 36,073,000 from RMB 65,008,000, reflecting improved financial stability[10]. - The equity attributable to owners of the company increased to RMB 251,218,000 from RMB 233,804,000, indicating growth in shareholder value[10]. - The group recorded a net current asset value of approximately RMB 154.3 million as of December 31, 2023, compared to RMB 150.8 million as of December 31, 2022[73]. - The total debt of the group as of December 31, 2023, was approximately RMB 31.4 million, down from RMB 38.1 million as of December 31, 2022, resulting in a decrease in the debt-to-equity ratio from about 11.8% to approximately 9.4%[74]. Operations and Segments - The company ceased operations in the manufacturing and sale of steam, heating, and electricity for industrial purposes in mainland China as of December 31, 2023[13]. - The company operates in various segments, including property leasing in mainland China and the sale of consumer paper products[26]. - Revenue from external customers for the property leasing segment was RMB 1,947 thousand in 2023, compared to RMB 0 in 2022, indicating a significant increase[27]. - Sales of consumer paper products reached RMB 117,705 thousand in 2023, up from RMB 65,188 thousand in 2022, representing an increase of approximately 80.7%[27]. - Revenue from the clean energy operations segment decreased by approximately 31.9% to RMB 126.3 million in 2023[60]. - The company has segments focused on energy operations, producing and selling steam, heating, and electricity in mainland China[26]. - The company has ceased operations in certain segments, including the production and sale of cigarette packaging products[26]. Compliance and Governance - The company is committed to compliance with Hong Kong Financial Reporting Standards and has prepared its financial statements accordingly[14]. - The company adopted the revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not significantly impact the current or previous financial performance[17]. - The company’s financial statements are prepared in accordance with the Hong Kong Accounting Standards and the relevant revised standards[17]. - The board of directors confirms compliance with all applicable corporate governance codes as of December 31, 2023[99]. - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, and found them to be prepared in accordance with applicable accounting standards[105]. Dividends and Shareholder Information - The board of directors recommended not to declare any final dividend for the year ended December 31, 2023[3]. - The company did not recommend any dividend payment for the year ending December 31, 2023, consistent with the previous year[51]. - The board proposed no final dividend for the year ending December 31, 2023, consistent with the previous year[85]. - The annual general meeting is scheduled for June 27, 2024, with a suspension of share transfer registration from June 24 to June 27, 2024[103]. - The annual report for the year ending December 31, 2023, is expected to be sent to shareholders by April 29, 2024[108]. Cost Management and Expenses - Selling and distribution expenses decreased by approximately 48.4% from about RMB 3.3 million in 2022 to approximately RMB 1.7 million in 2023, mainly due to cost-saving measures implemented by the group[67]. - Administrative expenses decreased from approximately RMB 8.7 million in 2022 to about RMB 6.4 million in 2023, primarily due to a reduction in employee costs during the reporting period[68]. - Financial costs decreased from approximately RMB 2.1 million in 2022 to about RMB 0.6 million in 2023, mainly due to a reduction in interest expenses from bank and other borrowings[69]. - The company incurred financial costs of RMB 663 thousand in 2023, significantly lower than RMB 2,061 thousand in 2022, marking a reduction of about 67.8%[36]. Future Outlook and Strategy - The company plans to actively expand into new markets and product lines to reduce reliance on major customers and mitigate revenue concentration risk[92]. - The company anticipates potential changes in policies and increased competition in the clean energy sector as the Chinese government promotes carbon peak and carbon neutrality goals[93]. - The company plans to improve its market penetration through vertical and horizontal integration strategies[97]. - The group will continue to seek investment opportunities in the new energy sector outside Shandong Province to benefit from supportive policies[98]. - The company believes that steady economic growth in China will provide an optimal environment for its existing business and deliver substantial returns to stakeholders[98].

Revenue and Growth - For the six months ended June 30, 2023, total revenue was approximately RMB 175.3 million, an increase of about RMB 37.1 million compared to RMB 138.2 million for the same period in 2022, driven by increased sales in both new energy operations and household paper products [16]. - The revenue from industrial steam, home heating, and electricity supply was approximately RMB 117.2 million, representing a 9.2% increase from RMB 107.3 million in the same period of 2022 [11]. - The revenue from household paper products was approximately RMB 58.1 million, showing a significant increase of 87.8% from RMB 30.9 million in the same period of 2022 [13]. - Revenue for the six months ended June 30, 2023, was RMB 5,175,261 thousand, a significant increase from RMB 138,207 thousand in the same period of 2022, representing a growth of approximately 3,642% [75]. - For the six months ended June 30, 2023, total revenue from continuing operations was RMB 175,261,000, an increase of 26.8% compared to RMB 138,207,000 for the same period in 2022 [117]. - Revenue from the new energy business was RMB 117,163,000, while revenue from the household paper products segment was RMB 58,098,000 for the six months ended June 30, 2023 [119]. Profitability and Expenses - Gross profit decreased from approximately RMB 44.2 million for the six months ended June 30, 2022, to approximately RMB 31.7 million for the same period in 2023, with the gross profit margin declining from 32.0% to 18.1% [20]. - Other income and gains increased by 126.4% to approximately RMB 1.1 million, primarily due to increased bank interest income during the reporting period [21]. - Sales and distribution expenses decreased by approximately 47.2% to RMB 0.9 million, mainly due to reduced transportation costs [24]. - Administrative expenses decreased from approximately RMB 6.9 million to RMB 4.7 million, attributed to lower employee costs and maintenance expenses [25]. - Financial expenses for the six months ended June 30, 2023, were approximately RMB 200,000, a decrease from RMB 1.3 million in the same period of 2022 [26]. - Income tax expenses for the six months ended June 30, 2023, were approximately RMB 12.5 million, compared to RMB 11.1 million in the same period of 2022, representing an increase of about 12.6% [27]. - Profit attributable to owners of the company for the six months ended June 30, 2023, was approximately RMB 16.7 million, down from RMB 25.4 million in the same period of 2022, indicating a decrease of about 34.4% [28]. - The company reported a total comprehensive income of RMB 13,937 thousand for the period, compared to a loss of RMB 26,098 thousand in the previous year [77]. - The company reported a net profit of RMB 16,717 thousand for the six months ended June 30, 2023, compared to a loss of RMB 21,457 thousand in the same period of 2022, indicating a significant turnaround [86]. - The company’s total comprehensive income for the period was RMB 16,074 thousand, compared to a total comprehensive loss of RMB 24,410 thousand in the same period of 2022 [86]. Assets and Liabilities - As of June 30, 2023, the net current assets were approximately RMB 147.5 million, a decrease from RMB 150.8 million as of December 31, 2022 [29]. - Total borrowings as of June 30, 2023, were approximately RMB 15.4 million, slightly up from RMB 14.8 million as of December 31, 2022 [30]. - Total assets as of June 30, 2023, were RMB 374,713 thousand, a decrease from RMB 386,886 thousand at the end of 2022 [80]. - Current assets increased to RMB 216,942 thousand from RMB 214,197 thousand at the end of 2022, reflecting a slight growth [80]. - Current liabilities rose to RMB 69,400 thousand from RMB 63,417 thousand at the end of 2022, indicating an increase of approximately 9% [80]. - Non-current liabilities decreased significantly from RMB 65,008 thousand to RMB 38,898 thousand, a reduction of about 40% [83]. - Cash and cash equivalents decreased to RMB 81,853 thousand from RMB 160,885 thousand at the end of 2022, indicating a decline of approximately 49% [80]. - Trade receivables as of June 30, 2023, amounted to RMB 61,677,000, significantly up from RMB 2,521,000 as of December 31, 2022, indicating a growth of approximately 2,344% [147]. - The net trade receivables after impairment as of June 30, 2023, were RMB 60,310,000, compared to RMB 1,124,000 as of December 31, 2022, representing an increase of about 5,258% [147]. - Trade payables increased to RMB 21,516,000 as of June 30, 2023, from RMB 16,513,000 as of December 31, 2022, reflecting a rise of about 30.4% [151]. Capital Expenditures and Investments - Capital expenditures for the six months ended June 30, 2023, totaled approximately RMB 800,000, down from RMB 2.2 million in the same period of 2022 [33]. - As of June 30, 2023, approximately RMB 24 million of unutilized proceeds from the IPO will be used for investment in production workshops, equipment upgrades, and technology research and development [48]. - The group has capital commitments of RMB 528,000 related to property, plant, and equipment, down from RMB 1,028,000 as of December 31, 2022 [159]. Corporate Governance and Compliance - The company has no significant contingent liabilities as of June 30, 2023, consistent with the situation as of December 31, 2022 [38]. - The group has maintained compliance with corporate governance standards throughout the reporting period [55]. - The interim condensed consolidated financial statements were approved and authorized for issue by the board on August 31, 2023 [162]. Market Position and Future Outlook - The company continues to support the domestic clean energy industry transformation and upgrade, benefiting from favorable government policies and increased investment in this sector [10]. - The company anticipates continued growth in the new energy sector, supported by the government's push for clean energy development and investment to achieve carbon neutrality goals [10]. - The group is confident in the long-term development of the Chinese economy, with a GDP growth target set at around 5% by the government [51]. - The group aims to capture opportunities for sustainable growth in line with China's "dual carbon" goals [51]. - The company plans to continue focusing on its core business areas, including the production and sale of industrial steam and household heating in China [100]. - The company has ceased operations in the manufacturing and sale of cigarette packaging materials in China, which impacted its financial performance [95].

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依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） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 摘要 • 截至二零二三年六月三十日止六個月的收益增加約26.8%或人民幣3,710 萬元至約人民幣1億7,530萬元。 • 截至二零二三年六月三十日止六個月的毛利減少約28.3%或人民幣1,250 萬元至約人民幣3,170萬元。 • 截至二零二三年六月三十日止六個月的本公司擁有人應佔溢利約為人 民幣1,670萬元。 • 截至二零二三年六月三十日止六個月的本公司每股盈利約為人民幣3.06 ...

Financial Performance - The company's revenue decreased by 32.2% to approximately RMB 334 million due to economic slowdown and reduced demand for products and services[10] - Gross profit for the period was approximately RMB 29.5 million, a year-on-year decline of about 28.7%, with a gross margin of approximately 21.9%[10] - The company reported a loss attributable to shareholders of approximately RMB 9.2 million, primarily due to inventory impairment in the cigarette packaging segment[10] - Revenue from the consumer paper products segment was approximately RMB 65.2 million, a decrease of about 61.8% year-on-year[19] - The group's total revenue for the year ended December 31, 2022, was approximately RMB 334 million, a decrease of about RMB 158.4 million compared to RMB 492.4 million in the same period of 2021, primarily due to reduced sales of cigarette packaging and household paper products[24] - Revenue from cigarette packaging products decreased by 49.5% to RMB 83.4 million, while revenue from household paper products fell by 61.8% to RMB 65.2 million[25] - Other income and gains decreased by approximately 69.9% to RMB 1.5 million, down from RMB 4.9 million in the previous year, mainly due to a reduction in government subsidies received[27] - The group recorded a loss attributable to owners of the company of approximately RMB 9.2 million for the year ended December 31, 2022, compared to a profit of RMB 24.4 million in the previous year, mainly due to an inventory impairment of RMB 31.2 million in the cigarette packaging segment[34] Strategic Decisions - The company decided to sell its cigarette packaging operations to better allocate resources and focus on the new energy and consumer paper segments[10] - The company aims to capture opportunities in the renewable and clean energy sectors to promote sustainable growth[11] - The company plans to optimize its product mix and expand sales channels for commercial and medical uses[76] - The company is considering expanding its clean energy business into Northeast and North China to capture growth opportunities in the clean energy sector[76] Economic Environment - The overall economic environment in China saw GDP growth slow to only 3%, the second slowest rate since 1976, due to the impact of COVID-19[15] - The Chinese government has set a GDP growth target of around 5% for the year, aiming to stimulate domestic consumption as a key driver of economic growth[10] - The government is committed to advancing green transformation and has set targets to reduce energy and carbon intensity by 13.5% and 18% respectively during the 14th Five-Year Plan period[11] - The market for high-quality personal hygiene products is expected to slow down in growth after the pandemic, impacting demand for lifestyle paper products[69] Financial Management - The total borrowings as of December 31, 2022, were approximately RMB 14.8 million, down from RMB 41.1 million in the previous year, with the debt-to-equity ratio decreasing from 27.9% to 11.8%[37] - Capital expenditures for the year ended December 31, 2022, totaled approximately RMB 4.3 million, significantly lower than RMB 256.7 million in the previous year[38] - The company proposed not to declare any final dividend for the year ended December 31, 2022, consistent with the previous year[47] - The company has capital commitments of approximately RMB 1 million for the acquisition of properties, plants, and equipment as of December 31, 2022[56] Customer and Supplier Dynamics - The top five customers contributed approximately RMB 247 million in revenue for the year ended December 31, 2022, accounting for about 73.9% of total revenue[65] - The top five customers accounted for approximately 73.9% of total sales for the year, with the largest customer contributing about 45.7%[90] - The top five suppliers represented approximately 69.4% of total procurement, with the largest supplier accounting for about 17.7%[90] Management and Governance - The company has a stable and experienced management team, emphasizing employee training and a harmonious work environment[91] - The company has established service agreements for executive directors with an initial fixed term of three years, automatically renewing every three years thereafter[179] - The chairman and CEO roles are separated, with Mr. Chen Shuming as chairman focusing on strategic planning and Mr. Chen Xiaolong as CEO overseeing overall management and operations[180] - The audit committee, consisting of three independent non-executive directors, reviewed the consolidated financial statements and confirmed compliance with applicable accounting standards[151] - The company has implemented a nomination procedure for appointing new and replacement directors, ensuring a thorough selection process[196] Environmental and Regulatory Compliance - The company has established an environmental policy aimed at sustainable development, balancing economic value creation with environmental impact[149] - The company has complied with various legal regulations, including the Environmental Protection Law of the People's Republic of China, ensuring no significant violations occurred during the year[150] - The Chinese tobacco industry is facing increasing regulatory scrutiny, which may adversely affect the demand for the company's products[57] Use of Proceeds - The net proceeds from the company's listing amounted to approximately HKD 42.2 million (equivalent to RMB 37.6 million) as of November 25, 2016[50] - As of December 31, 2022, the remaining unutilized net proceeds were approximately RMB 24 million, which will be used for investment in production workshops, equipment upgrades, and technology research and development[52] - The company plans to allocate 62% of the net proceeds for purchasing and upgrading production equipment and expanding production bases[51] - The company has allocated 13% of the net proceeds for business development expenses, including expanding the sales network[51] Risk Management - The company does not anticipate any procurement difficulties or production interruptions due to raw material shortages[92] - The company maintains a high contract renewal rate with its top ten customers to capture potential business opportunities[92]

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之內容概不 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之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） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 業 績 公 告 摘要 • 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 收 益 減 少 約32.2%或 人 民 幣 158.4百萬元至約人民幣334百萬元。 • 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 毛 利 減 少 約28.7%或 人 民 幣 29.5百萬元至約人民幣73.3百萬元。 • 截至二零二二年十二月三十一日止年度本公司權益持有人應佔虧損為 約人民幣9.2百萬元，而截至二零二一年十二月三十一日止年度本公司 ...

Revenue Performance - Total revenue for the six months ended June 30, 2021, was approximately RMB 254.0 million, a decrease of RMB 34.9 million or 12.1% compared to RMB 288.9 million for the same period in 2020[16]. - Revenue from cigarette packaging business was approximately RMB 78.9 million, a decrease of about 17.6% compared to RMB 95.8 million for the same period in 2020[18]. - Revenue from industrial steam and heating and electricity was approximately RMB 76.6 million, an increase of 16.5% compared to RMB 65.8 million for the same period in 2020[12]. - Revenue from life paper products was approximately RMB 98.4 million, a decrease of 22.7% compared to RMB 127.3 million for the same period in 2020[15]. - The company reported a significant increase in processing service income, which rose by 570.4% to RMB 23.4 million from RMB 3.5 million in the same period last year[17]. - The retail sales of consumer goods in China increased by 12.1% year-on-year in the first half of 2021, indicating a recovery in consumer spending[10]. Profitability and Expenses - The group's gross profit increased from approximately RMB 45.9 million for the six months ended June 30, 2020, to approximately RMB 54.3 million for the six months ended June 30, 2021, with a gross margin rising from about 15.9% to approximately 21.4%[22]. - Other income and gains rose by 607.1% from approximately RMB 792,000 to approximately RMB 5.6 million, primarily due to government subsidies received during the reporting period[23]. - Selling and distribution expenses decreased by approximately 11.0% from about RMB 20.9 million to approximately RMB 18.6 million, mainly due to a reduction in revenue[24]. - Administrative expenses increased from approximately RMB 9.5 million to about RMB 13.2 million, attributed to higher employee costs and repair and maintenance expenses[25]. - Financial costs decreased from approximately RMB 4.2 million to about RMB 1.9 million, mainly due to reduced interest expenses from independent third-party loans and lease liabilities[27]. - The company's profit attributable to owners increased from approximately RMB 3.2 million to about RMB 13.3 million, primarily due to effective cost control and government subsidies received[30]. Assets and Liabilities - The total borrowings decreased from approximately RMB 51.5 million to about RMB 41.8 million, with the debt-to-equity ratio declining from approximately 46.2% to about 35.6%[32]. - The net current assets increased from approximately RMB 70.9 million to about RMB 92.6 million[31]. - The total capital expenditure for the six months ended June 30, 2021, was approximately RMB 6,000, significantly lower than RMB 20,000 for the same period in 2020[33]. - The total employee cost for the group increased to approximately RMB 12.8 million from about RMB 11.8 million, with a total of 231 employees as of June 30, 2021[42]. - Current assets decreased slightly from RMB 379,980 thousand to RMB 371,251 thousand, a decrease of about 2%[82]. - Total equity increased from RMB 122,708 thousand to RMB 136,935 thousand, an increase of about 12%[86]. Cash Flow - Operating cash flow before tax increased significantly from RMB 8,827 thousand to RMB 23,721 thousand, an increase of approximately 168%[92]. - Net cash from operating activities rose from RMB 1,819 thousand to RMB 94,253 thousand, a substantial increase of approximately 5,000%[92]. - The net increase in cash and cash equivalents was RMB 90,980,000, a substantial increase from RMB 49,000 in the same period last year[95]. - Cash and cash equivalents at the end of the period totaled RMB 157,406,000, compared to RMB 36,090,000 at the end of the previous year[95]. Market and Strategic Initiatives - The company aims to maintain close communication with suppliers, customers, and government departments to overcome challenges in the tobacco market[11]. - The clean energy business is expected to benefit from increasing energy demand and government policies promoting combined heat and power applications[12]. - The company has diversified its operations into life paper and clean energy sectors since 2019, contributing to its business growth[9]. - The overall operating environment is expected to improve in 2021, with a focus on expanding the household paper and new energy operations[53]. - The company anticipates that new business initiatives will drive growth, leveraging the increasing domestic consumer market demand and rising living standards[53]. - The company plans to enhance marketing efforts to expand market coverage for its cigarette packaging business[53]. Governance and Management - The company has maintained compliance with corporate governance standards throughout the reporting period[56]. - The company’s board includes both executive and independent non-executive directors, ensuring a diverse governance structure[180]. - The total compensation for key management during the six months ended June 30, 2021, was RMB 1,756,000, a decrease of 33% from RMB 2,630,000 in 2020[173]. - The management's salary, bonuses, and benefits decreased significantly, indicating potential cost-cutting measures[173]. Future Investments and Acquisitions - The company announced a conditional agreement to acquire 51% equity in a target company for a total consideration of RMB 102,940,000 (approximately HKD 123,528,000)[76]. - The company plans to issue 46,092,537 new shares at an issue price of HKD 2.68 per share as part of the acquisition[76]. - The company is focused on market expansion through strategic acquisitions in the clean energy sector[178]. - The company has no significant future investment or capital asset plans beyond those disclosed in the prospectus or report as of June 30, 2021[51].

Financial Performance - For the year ended December 31, 2020, the group's revenue was approximately RMB 568.7 million, representing a year-on-year increase of about 7.2%[9] - The gross profit for the reporting period was approximately RMB 85.4 million, with a gross margin of approximately 15.0%, reflecting a year-on-year increase of about 12.9%[9] - The group experienced a loss attributable to shareholders of approximately RMB 0.5 million during the reporting period[9] - For the year ended December 31, 2020, the total revenue of the group was approximately RMB 568.7 million, an increase of about RMB 38.0 million compared to RMB 530.7 million in the same period of 2019[24] - The revenue from industrial steam and heating and power for the reporting period was approximately RMB 115.4 million, an increase of about 14.1% compared to RMB 101.1 million in 2019[22] - The revenue from household paper products was approximately RMB 235.9 million, representing a significant increase of about 32.7% compared to RMB 177.7 million in 2019[23] - The gross profit increased from approximately RMB 75.7 million in 2019 to approximately RMB 85.4 million in 2020, with the gross profit margin rising from about 14.3% to 15.0%[29] - Other income and gains increased by approximately 98.3% to about RMB 2.6 million, primarily due to increases in rental income, government subsidies, and foreign exchange gains[30] - The group recorded a loss attributable to shareholders of approximately RMB 0.5 million for the year ended December 31, 2020, compared to a profit of approximately RMB 7.7 million in 2019[37] Economic Environment - The Chinese economy demonstrated resilience with a GDP growth of 2.3% in 2020, making it the only major economy to record positive growth during the pandemic[15] - The retail sales of consumer goods in China showed significant improvement, with a year-on-year decline of only 3.9% for the entire year, compared to a 20.5% drop in the first two months[15] Business Strategy and Development - The new business segment accounted for approximately 61.8% of total revenue, providing a stable income source for the group[9] - The group plans to enhance product R&D capabilities and expand market development efforts to strengthen its market position and sales network coverage[9] - The group is focused on diversifying its operations into household paper and new energy sectors, aiming for a three-pronged approach to business growth[14] - The company aims to expand into new markets in provinces such as Sichuan, Yunnan, Zhejiang, and Hunan to reduce revenue concentration risk[68] - The company anticipates that new business ventures in daily paper products and renewable energy will drive future growth[86] Financial Position and Capital Management - The total borrowings of the group as of December 31, 2020, were approximately RMB 48.5 million, a decrease from RMB 50.7 million as of December 31, 2019[39] - Capital expenditures for the year ended December 31, 2020, totaled approximately RMB 15.6 million, primarily for factory and machinery and office equipment[40] - The group’s net current assets as of December 31, 2020, were approximately RMB 70.9 million, compared to RMB 69.1 million as of December 31, 2019[38] - The company reported no significant contingent liabilities as of December 31, 2020[47] - The company’s capital structure includes equity attributable to owners, with no changes in the number of issued shares as of December 31, 2020[44] Shareholder and Governance - The group acknowledges the long-term trust and support from shareholders, investors, business partners, and customers, committing to continue striving for better performance[9] - The company proposed no final dividend for the year ended December 31, 2020, consistent with the previous year[52] - The company has established a compensation policy based on individual performance and market rates for all employees, including directors[123] - The board of directors includes both executive and independent non-executive members, with specific terms for re-election[118] - The company has no significant interests or transactions with directors or related parties beyond those disclosed[126] Corporate Governance - The company emphasizes the importance of good corporate governance and compliance with the corporate governance code[149] - The company has adhered to all applicable provisions of the Corporate Governance Code during the year[163] - The audit committee, consisting of three independent non-executive directors, reviewed the consolidated financial statements, confirming compliance with applicable accounting standards and listing rules[153] - The company has implemented a nomination procedure for appointing new and replacement directors, utilizing various channels for candidate sourcing[191] - The company has established three committees: audit, remuneration, and nomination, each with defined responsibilities[180] Market and Industry Trends - The company is subject to increasing regulatory scrutiny in the tobacco packaging industry, which may impact demand for its products[61] - In 2020, the national cigarette production in China was approximately 2,386.4 billion sticks, with a year-on-year growth of only 0.9%[66] - The estimated sales revenue of large-scale tobacco enterprises in China for 2020 and 2021 was approximately RMB 977.4 billion and RMB 995.4 billion, representing a compound annual growth rate of only 1.05% from 2015 to 2021[66] Employee and Management - The company maintained a stable and experienced management team, emphasizing employee training and development[98] - The company has no management or administrative contracts for the majority of its business operations during the year[127] - The company has a high contract renewal rate with its top ten customers, ensuring alignment with market developments and capturing potential business opportunities[99] Future Outlook - The overall operating environment is expected to improve in 2021 as the global economy recovers from the impacts of the COVID-19 pandemic[86]

Champion Alliance International Holdings Limited 冠均國際控股有限公司 Annual Report 年報 2019 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有限公司） 股份代號 : 1629 年 報 | --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | | 開拓 | 創新 | | | 追求 | 卓越 | | | | | | 目 錄 冠均國際控股有限公司 二零一九年年報 | --- | --- | |-------|--------------------------| | | | | 2 | 公司資料 | | 3 | 主席報告書 | | 5 | 管理層討論及分析 | | 16 | 董事會報告 | | 30 | 企業管治報告 | | 41 | 環境、社會及管治報告 | | 58 | 董事及高級管理層履歷 | | 63 | 獨立核數師報告 | | 68 | 綜合損益及其他全面收益表 ...

Revenue and Profitability - For the six months ended June 30, 2019, the total revenue recorded by Champion Alliance International Holdings Limited was approximately RMB 231.2 million, an increase of approximately RMB 129.0 million compared to RMB 102.2 million for the same period in 2018[16]. - Revenue for the six months ended June 30, 2019, was RMB 231,235,000, a significant increase from RMB 102,189,000 in the same period of 2018, representing a growth of 126.3%[76]. - Gross profit for the same period was RMB 36,387,000, compared to RMB 16,729,000 in 2018, reflecting a gross margin improvement[76]. - Operating profit increased to RMB 12,014,000 from RMB 1,311,000 year-over-year, indicating a substantial operational efficiency gain[76]. - Net profit for the period was RMB 7,015,000, up from RMB 1,062,000 in the previous year, marking a year-over-year increase of 560.5%[76]. - Profit attributable to equity holders increased from approximately RMB 1.1 million to about RMB 7.0 million, driven by new business investments[28]. - The company reported a profit of RMB 7,015,000 for the period, compared to RMB 1,062,000 in the previous year, reflecting a significant increase in profitability[84]. - Basic and diluted earnings per share for the period were RMB 1.40, compared to RMB 0.21 in the same period last year[76]. Revenue Sources - The revenue from cigarette packaging business was approximately RMB 95.5 million for the six months ended June 30, 2019, representing a decrease of about 6.6% compared to RMB 102.2 million for the same period in 2018[19]. - Revenue from cigarette packaging products decreased to RMB 95,452,000 in 2019 from RMB 102,184,000 in 2018, representing a decline of approximately 6.8%[136]. - The revenue from other businesses, including household paper products and new energy operations, was approximately RMB 135.8 million for the six months ended June 30, 2019, attributed to the company's investment in diversified business markets[20]. - Industrial steam and heating revenue was RMB 49,482,000, marking a new revenue stream for the company in 2019[136]. Expenses and Costs - Distribution expenses rose approximately 95.3% from about RMB 5.6 million to approximately RMB 11.0 million, primarily due to investments in new business[24]. - Administrative expenses increased from approximately RMB 10.1 million to about RMB 14.3 million, attributed to new business investments[25]. - The company incurred total expenses of RMB 220,127,000 for the six months ended June 30, 2019, up from RMB 101,191,000 in the same period of 2018[140]. - Employee costs, including director remuneration, rose to RMB 11,744,000 in 2019, up from RMB 7,545,000 in 2018, reflecting increased workforce expenses[140]. - The company reported a significant increase in raw materials and consumables used, totaling RMB 188,416,000 in 2019, compared to RMB 82,617,000 in 2018[140]. Assets and Liabilities - Total assets increased to RMB 348,894,000 as of June 30, 2019, compared to RMB 293,189,000 as of December 31, 2018, representing a growth of 19%[79]. - Current assets rose to RMB 302,684,000, up from RMB 245,735,000, marking an increase of 23%[79]. - Total liabilities rose to RMB 229,079,000 from RMB 180,639,000, an increase of 27%[82]. - The company’s total assets pledged as collateral for borrowings amounted to RMB 24,127,000 as of June 30, 2019[151]. - Trade and other receivables increased to RMB 155,114,000 from RMB 122,533,000, representing a growth of 27%[79]. Financial Management and Governance - The company’s financial risk management focuses on minimizing the impact of market risks, including foreign exchange and interest rate risks[115]. - The company’s management emphasizes the importance of good corporate governance standards and internal procedures to enhance shareholder value[52]. - The company has complied with all applicable corporate governance code provisions during the reporting period[52]. Investments and Future Plans - The company plans to invest approximately RMB 1 million in brand promotion during the second half of 2019, which is expected to be a peak season for the industry[50]. - The company intends to expand into the household paper and new energy operations sectors, leveraging the vast development space in the domestic consumer market[50]. - The company has no significant investment or capital asset plans beyond those disclosed in the prospectus or interim report as of June 30, 2019[47]. Certifications and Compliance - The company has obtained ISO14001:2015 and GB/T28001-2011 certifications for its environmental and occupational health and safety management systems[15]. - The company has not incurred any Hong Kong profits tax due to the absence of taxable profits in Hong Kong for the six months ended June 30, 2019[143].