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 股份代號 : 1629 （於開曼群島註冊成立的有限公司） 中期 報告 2020 | --- | --- | --- | |-----------|-------|-------| | | | | | | | | | | | | | | 創新 | | | 開拓 追求 | 卓越 | | | | | | 冠均國際控股有限公司 二零一九年中期報告 冠均國際控股有限公司 二零二零年中期報告 | --- | --- | --- | |-------|----------------------------------|-------| | | 目 | 錄 | | | | | | | 公司資料 | | | | 管理層討論及分析 | | | 11 | 企業管治及其他資料 | | | 16 | 中期簡明綜合損益及其他全面收益表 | | | 17 | 中期簡明綜合財務狀況表 | | | 19 | 中期簡明綜合權益變動表 | | | 20 | 中期簡明綜合現金流量表 | | | 22 | 中期簡明綜合財務報表附註 ...

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].

Champion Alliance International Holdings Limited 冠均國際控股有限公司 Annual Report 年報 2O18 Champion Alliance International Holdings Limited 冠均國際控股有限公司 （前稱盟科控股有限公司） （於開曼群島註冊成立的有限公司） 股份代號 : 1629 年報 2O18 開拓創新 追求卓越 冠均國際控股有限公司 二零一八年年報 目 錄 公司資料 | --- | --- | |-------|----------------------| | | | | 2 | | | 3 | 主席報告書 | | 5 | 管理層討論及分析 | | 14 | 董事會報告 | | 28 | 企業管治報告 | | 39 | 環境、社會及管治報告 | | 53 | 董事及高級管理層履歷 | | 58 | 獨立核數師報告 | | 63 | 綜合全面收益表 | | 64 | 綜合資產負債表 | | 66 | 綜合權益變動表 | | 67 | 綜合現金流量表 | | 68 | 綜合財務報表附註 | | 116 | 五年財務概要 | ...