Financial Performance - Revenue for the six months ended June 30, 2024, increased by approximately 9.6% or RMB 5.6 million to approximately RMB 63.7 million[1] - Gross profit for the same period decreased by approximately 23% or RMB 2.9 million to approximately RMB 9.8 million[1] - Profit attributable to owners of the company for the six months ended June 30, 2024, was approximately RMB 5 million[1] - Basic earnings per share for the same period was approximately RMB 0.91[1] - Total comprehensive income for the period was RMB 2.4 million, a significant decrease from RMB 13.9 million in the previous year[2] - The adjusted profit before tax for the ongoing and ceased operations was reported at 6,044,000 for the current period, compared to 27,049,000 for the previous period[13] - The group reported a pre-tax profit of RMB 1,581 thousand for the six months ended June 30, 2024, compared to RMB 1,379 thousand for the same period in 2023, indicating an increase of approximately 14.7%[26] - The income tax expense for the six months ended June 30, 2024, was RMB 2,605,000, compared to RMB 12,469,000 for the same period in 2023, indicating a significant decrease[28] - The profit before tax from discontinued operations for the six months ended June 30, 2023, was RMB 7,637,000, while the profit from continuing operations was RMB 4,964,000 for the six months ended June 30, 2024[31] - Basic and diluted earnings per share from continuing operations for the six months ended June 30, 2024, was RMB 0.91, down from RMB 1.27 for the same period in 2023[32] - The group reported a profit attributable to the owners of the company of approximately RMB 5 million for the six months ending June 30, 2024, down from RMB 16.7 million for the same period in 2023[50] Revenue Breakdown - Revenue from external customers for the six months ending June 30, 2024, was reported at 117,163,000, with a breakdown of 7,909,000 from property leasing and 55,783,000 from consumer paper and hygiene products[13] - Total revenue for the six months ended June 30, 2024, was RMB 63,692 thousand, compared to RMB 58,098 thousand for the same period in 2023, representing an increase of approximately 9.0%[18] - Rental income for the six months ended June 30, 2024, was RMB 7,909 thousand, while sales of goods amounted to RMB 55,783 thousand[19] - The 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[42] - The property leasing segment generated revenue of approximately RMB 7.9 million during the reporting period[43] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled RMB 205.9 million, down from RMB 216.0 million as of December 31, 2023[4] - Current assets decreased to RMB 220.7 million from RMB 230.9 million as of December 31, 2023[4] - Total liabilities decreased from RMB 76.6 million to RMB 54.0 million, indicating improved financial stability[4] - The total trade receivables as of June 30, 2024, amounted to RMB 43,869,000, an increase from RMB 41,631,000 as of December 31, 2023[34] - The net trade receivables after impairment as of June 30, 2024, were RMB 42,472,000, compared to RMB 40,234,000 as of December 31, 2023[34] - The group’s 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 about 9.4% to 7.7%[52] - The net current assets as of June 30, 2024, were approximately RMB 166.6 million, compared to RMB 154.3 million as of December 31, 2023[51] Operational Changes - The company ceased its new energy business operations on November 15, 2023, with profits from January 1, 2023, to November 15, 2023, recognized in the consolidated profit and loss statement for the year ending December 31, 2023[7] - The company has ceased operations in the new energy business as of November 15, 2023, following a lease agreement with an independent third party[29] - The group operates in three segments: property leasing, consumer paper and hygiene products, and the ceased new energy operations, with performance evaluated based on adjusted profit before tax[12] Expenses - The cost of goods sold for the six months ended June 30, 2024, was RMB 44,177 thousand, a decrease from RMB 45,416 thousand in the same period of 2023[26] - Selling and distribution expenses rose by approximately 33.6% to RMB 1.2 million for the six months ending June 30, 2024, primarily due to increased transportation costs[46] - Administrative expenses increased from approximately RMB 2.1 million for the six months ending June 30, 2023, to approximately RMB 2.8 million for the same period in 2024, mainly due to higher employee costs[47] Corporate Governance - The company has adhered to all applicable corporate governance codes as outlined in the listing rules during the reporting period[67] - The company has adopted a standard code for securities trading by directors, confirming full compliance during the reporting period[68] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim results and confirmed compliance with applicable accounting standards[71] Dividends - The company did not declare any interim dividend for the six months ended June 30, 2024[1] - The company does not recommend the payment of any interim dividend for the six months ended June 30, 2024, consistent with the previous year[33] - The group has proposed no interim dividend for the six months ended June 30, 2024, consistent with the previous period[60] Future Outlook - The group anticipates that the Chinese economy will grow by around 5% in 2024, with a focus on job creation and a target of 12 million new urban jobs[65] - The group has no major investment or capital asset plans beyond those disclosed in the prospectus as of June 30, 2024[64] Miscellaneous - The interim financial data for the six months ending June 30, 2024, is prepared in accordance with Hong Kong Accounting Standards, and all amounts are presented in Renminbi, rounded to the nearest thousand[8] - The company has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which did not have a significant impact on the current or prior periods' performance and financial position[10] - The group has no significant contingent liabilities as of June 30, 2024, consistent with the situation as of December 31, 2023[57] - The group has no assets pledged as of June 30, 2024, maintaining the same status as of December 31, 2023[56] - The group has not utilized any derivative financial instruments to hedge against foreign currency fluctuations as of June 30, 2024[58] - There have been no significant events affecting the group after the end of the financial period[70] - The interim results announcement will be published on the company's website and the stock exchange website, with the interim report expected to be sent to shareholders by September 30, 2024[72] - The board expresses gratitude for the efforts and support from management, employees, shareholders, and business associates during the reporting period[73]

Capital Expenditure Plans - The company plans to utilize RMB 2.195 million in 2024 and RMB 21.844 million in 2025 for purchasing and upgrading production equipment, expanding and maintaining production bases, and upgrading non-production facilities such as warehouses[4] - The company decided to lease rather than purchase and upgrade production equipment and other facilities in early 2024 due to a more cautious approach to cost control and investment activities amid economic slowdown[8] IPO Proceeds Utilization - As of December 31, 2023, the company had a remaining balance of RMB 24.039 million from the net proceeds of the IPO, which was not utilized as planned due to economic slowdown and uncertainties[7]

Financial Performance - Revenue from continuing operations increased by 83.5% to approximately RMB 119.65 million during the reporting period[10] - Gross profit from continuing operations was approximately RMB 22.7 million, representing a year-on-year increase of about 24.3%, with a gross margin of approximately 19%[11] - The company reported a profit attributable to shareholders of approximately RMB 17.23 million, compared to a net loss of approximately RMB 9.2 million in the same period of 2022[11] - The total revenue for the year ended December 31, 2023, was approximately RMB 119.7 million, an increase of about RMB 54.5 million or 83.5% compared to RMB 65.2 million in the same period of 2022[23] - The revenue from the household paper products segment was approximately RMB 117.7 million, representing an increase of 80.6% from RMB 65.2 million in the previous year[21] - Other income and gains increased by approximately 94.3% to about RMB 1.4 million, up from RMB 0.7 million in the previous year[26] - Selling and distribution expenses decreased by approximately 48.4% to about RMB 1.7 million, down from RMB 3.3 million in the previous year due to cost-saving measures[28] - Administrative expenses decreased to approximately RMB 6.4 million from RMB 8.7 million, primarily due to a reduction in employee costs[29] - Financial costs decreased from approximately RMB 2.1 million to RMB 0.6 million, mainly due to reduced interest expenses from bank and other borrowings[30] - The company reported a profit attributable to owners of approximately RMB 17.2 million for the year ended December 31, 2023, compared to a loss of RMB 9.2 million in the previous year[32] Clean Energy Sector - The clean energy sector grew by 40% year-on-year, with clean energy investments in China reaching RMB 6.3 trillion, accounting for 40% of the GDP growth in 2023[17] - The company aims to capitalize on policy benefits in the clean energy sector as part of its long-term growth strategy[12] - The revenue from the clean energy operations segment was approximately RMB 126 million, a decrease of about 32% compared to 2022[18] Customer and Market Strategy - The company has over 400 corporate clients in its life paper and hygiene products business, with a sales network covering multiple provinces and municipalities[19] - The company aims to expand its customer base and product range to mitigate revenue concentration risks[55] - Revenue from the top five customers accounted for approximately RMB 134 million, representing 54.4% of total revenue for the year ending December 31, 2023[54] - The top five customers accounted for approximately 54.4% of total sales in the current year, down from 73.9% in 2022, with the largest customer contributing about 37.6% of total sales[74] - The company plans to enhance its market penetration through vertical and horizontal integration strategies[60] Financial Position and Debt Management - The net current assets as of December 31, 2023, were approximately RMB 154.3 million, compared to RMB 150.8 million as of December 31, 2022[33] - The total debt as of December 31, 2023, was approximately RMB 31.4 million, down from RMB 38.1 million, resulting in a decrease in the debt-to-equity ratio from 11.8% to 9.4%[35] Corporate Governance and Management - The company has maintained a high contract renewal rate with its top ten customers to capture potential business opportunities[76] - The management team is stable and experienced, with a strong focus on employee training and development[75] - The company has not engaged in any related party transactions that require disclosure or independent shareholder approval under the listing rules[93] - The board of directors consists of eight members, including five executive directors and three independent non-executive directors[143] - All independent non-executive directors have confirmed their independence according to the listing rules[133] - The company has established appropriate policies and procedures for risk management and internal control, ensuring compliance with applicable laws and regulations[183] Shareholder Information - The company proposed not to declare any final dividend for the year ending December 31, 2023, consistent with the previous year[45] - As of December 31, 2023, the major shareholder, Crown Jun International Limited, holds 350,000,000 shares, representing approximately 64.09% of the total shares[114] - Mr. Chen Shuming holds a controlling interest of 350 million shares, representing 64.09% of the company's equity[110] Environmental, Social, and Governance (ESG) Initiatives - The company has established an environmental policy to promote sustainable development and balance economic value with environmental impact[129] - The company has complied with various legal regulations, including the Environmental Protection Law of the People's Republic of China, with no significant violations reported[130] - The ESG report covers the strategies, achievements, and ongoing measures to enhance ESG performance during the period from January 1, 2022, to December 31, 2022[199] - The company is committed to identifying significant ESG risks and challenges that impact its business and stakeholders[199]

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 ...

Champion Alliance International Holdings Limited 冠均國際控股有限公司 股份代號：1629 追 求 卓 越 開 拓 創 新 2021 年 報 冠均國際控股有限公司 二零二一年年報 目 錄 | --- | --- | --- | |-------|-------|--------------------------| | | 2 | 公司資料 | | | 3 | 主席報告書 | | | 4 | 管理層討論及分析 | | | 14 | 董事會報告 | | | 27 | 企業管治報告 | | | 38 | 環境、社會及管治報告 | | | 54 | 董事及高級管理層履歷 | | | 58 | 獨立核數師報告 | | | 64 | 綜合損益及其他全面收益表 | | | 65 | 綜合財務狀況表 | | | 67 | 綜合權益變動表 | | | 68 | 綜合現金流量表 | | | 70 | 綜合財務報表附註 | | | 132 | 五年財務概要 | | | | | 1 冠均國際控股有限公司 二零二一年年報 公司資料 | --- | --- | --- | --- | | ...