香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 （前稱瑞誠（中國）傳媒集團有限公司） （於開曼群島註冊成立的有限公司） （股份代號：1640） 截至2024年12月31日止年度年度業績公告 千循科技有限公司（前稱「瑞誠（中國）傳媒集團有限公司」）（「本公司」）董事（「董事」）會（「董事會」）公佈 本公司及其附屬公司（統稱「本集團」、「我們的」或「我們」）根據國際財務報告準則（「國際財務報告準則 會計準則」）編製截至2024年12月31日止年度（「報告期間」）經審核的綜合年度業績（「年度業績」），連同 2023年同期的比較數字。 1 綜合損益及其他全面收益表 截至2024年12月31日止年度 Qian Xun Technology Limited 千循科技有限公司 | | 附註 | 2024年 | 2023年 | | --- | --- | --- | --- | | | | 人民幣千元 | 人民幣千元 | | 收益 | 4 | 356,833 | 3 ...

Financial Performance - Revenue for the six months ended 30 June 2024 was RMB 67.144 million, a decrease of 69.2% compared to RMB 217.735 million in the same period in 2023[5] - Gross profit for the six months ended 30 June 2024 was RMB 4.954 million, a decrease of 32.0% compared to RMB 7.281 million in the same period in 2023[5] - Profit before tax for the six months ended 30 June 2024 was RMB 9.527 million, a significant increase of 7,905.9% compared to RMB 0.119 million in the same period in 2023[5] - Profit and total comprehensive income attributable to owners of the Company for the six months ended 30 June 2024 was RMB 5.366 million, an increase of 5,059.6% compared to RMB 0.104 million in the same period in 2023[5] - Earnings per share for the six months ended 30 June 2024 were RMB 1.31 cents, an increase of 3,175.0% compared to RMB 0.04 cents in the same period in 2023[5] - Revenue for the six months ended 30 June 2024 was RMB 67.144 million, a significant decrease from RMB 217.735 million in the same period in 2023[92] - Gross profit for the six months ended 30 June 2024 was RMB 4.954 million, down from RMB 7.281 million in the same period in 2023[92] - Profit before tax for the six months ended 30 June 2024 was RMB 9.527 million, compared to RMB 119 thousand in the same period in 2023[92] - Income tax expenses for the six months ended 30 June 2024 were RMB 4.161 million, significantly higher than RMB 15 thousand in the same period in 2023[92] - Profit and total comprehensive income for the six months ended 30 June 2024 was RMB 5.366 million, compared to RMB 104 thousand in the same period in 2023[92] - Basic and diluted earnings per share attributable to the owners of the Company for the six months ended 30 June 2024 were 1.31 cents, up from 0.04 cents in the same period in 2023[92] - Total revenue decreased by 69.2% to RMB 67,144 thousand in H1 2024 from RMB 217,735 thousand in H1 2023[106] - Revenue for the six months ended 30 June 2024 was RMB 67.144 million, a significant decrease from RMB 217.735 million in the same period in 2023[108] - Basic and diluted earnings per share for the six months ended 30 June 2024 were RMB 5,366 thousand, compared to RMB 146 thousand in the same period in 2023[121] Advertising Revenue Breakdown - Television advertising services revenue for the six months ended 30 June 2024 was RMB 16.255 million, a decrease of 83.6% compared to RMB 99.237 million in the same period in 2023[6] - Online advertising services revenue for the six months ended 30 June 2024 was RMB 17.877 million, a decrease of 83.8% compared to RMB 110.242 million in the same period in 2023[6] - Outdoor advertising services revenue for the six months ended 30 June 2024 was RMB 12.264 million, an increase of 53.8% compared to RMB 7.979 million in the same period in 2023[6] - Other advertising services revenue for the six months ended 30 June 2024 was RMB 20.748 million, a significant increase of 6,800% compared to RMB 0.277 million in the same period in 2023[6] - The company's TV advertising revenue declined significantly to approximately RMB 16.3 million due to intense market competition[15][17] - Online advertising revenue decreased significantly to approximately RMB 17.9 million as the company reduced its efforts in this area[19][21] - Outdoor advertising revenue increased significantly to approximately RMB 12.3 million, driven by the recovery of outdoor scenes and creative advertising solutions[22] - Revenue from other advertising services increased significantly to RMB20.7 million, up 6,800% from RMB0.3 million in the same period last year[31][37] - Outdoor advertising revenue rose to RMB12.3 million, a 53.8% increase from RMB8.0 million in the previous year[29][30] - TV advertising revenue dropped to RMB16.3 million, an 83.6% decrease from RMB99.2 million in the previous year[27][30] - Online advertising revenue fell to RMB17.9 million, an 83.8% decrease from RMB110.2 million in the same period last year[28][30] - Online advertising revenue dropped by 83.8% to RMB 17,877 thousand in H1 2024 from RMB 110,242 thousand in H1 2023[106] - Hard-sell TV advertising revenue declined by 83.6% to RMB 16,255 thousand in H1 2024 from RMB 99,237 thousand in H1 2023[106] - Outdoor advertising revenue increased by 53.7% to RMB 12,264 thousand in H1 2024 from RMB 7,979 thousand in H1 2023[106] - Other advertising services revenue surged to RMB 20,748 thousand in H1 2024 from RMB 277 thousand in H1 2023[106] - Revenue from advertisers decreased by 38.0% to RMB 19,635 thousand in H1 2024 from RMB 31,650 thousand in H1 2023[107] - Revenue from advertising agents dropped by 74.5% to RMB 47,509 thousand in H1 2024 from RMB 186,085 thousand in H1 2023[107] Market and Economic Environment - China's advertising market showed steady growth in the first half of 2024, with a year-on-year growth of 2.7%, reflecting the inherent resilience of the advertising industry and positive expectations for economic recovery[8] - China's GDP grew by 5.0% year-on-year in the first half of 2024, with the advertising market growing by 2.7% during the same period[12] - The company expects significant performance improvement in the second half of 2024, driven by steady development in the advertising market and growing market confidence[13][16] - The Group expects the global economy to show signs of recovery in 2024, but consumer confidence remains uncertain due to inflation and a weakening global economic environment[63] - The Group is optimistic about the medium-long-term prosperity and consumer upgrading of the domestic market, particularly in content marketing and integrated communications[65] Operational and Strategic Initiatives - The company provided TV advertising services for well-known brands in the food and beverage, furniture, and home appliance industries, gaining recognition from multiple clients[15][17] - The company enhanced its integrated Internet service capability, combining online advertising with traditional business experience to improve future Internet content integration[18][21] - The company leveraged its outdoor advertising resources to provide diversified scene-integrated communication solutions for clients in the furniture, home appliance, and technical services industries[20][21] - The Group plans to deepen its understanding of the evolving market environment and accelerate the adjustment and optimization of its business structure to strengthen core competencies in content marketing and integrated communication[60] - The Group will maintain and deepen its competitive advantages in TV communications and content marketing, while optimizing marketing strategies and media product mix[61] - The Group aims to enhance its Internet advertising communication service capabilities and provide clients with all-rounded digital marketing solutions[62] - The Group plans to deepen its brand promotion services in outdoor advertising by providing diversified and customized communication solutions[64] - The Group has launched a new second-hand electronic products trading business in China in August 2024, which has already generated revenue and profit[65] - The Group aims to improve operational efficiency and reduce costs through refined management, technological innovation, and process optimization[65] - The Group will continue to optimize its business structure and expand its brand operation business on internet platforms[65] Financial Position and Cash Flow - Gross profit margin improved to 7.4%, up from 3.3% in the previous year[32][38] - Administrative expenses rose to RMB5.5 million, a 32.7% increase from RMB3.7 million in the previous year[35][41] - Finance costs increased to RMB2.7 million, up 11.1% from RMB2.4 million in the same period last year[36][42] - Other income, gains, and losses decreased to RMB35,000, a 93.0% drop from RMB0.5 million in the previous year[33][39] - Reversal of impairment losses of financial assets was approximately RMB13.3 million, compared to an impairment loss of RMB0.5 million in the same period last year[43] - Income tax expenses were approximately RMB4.2 million, compared to RMB15,000 in the same period last year[43] - Profit and total comprehensive income amounted to approximately RMB5.4 million, compared to RMB0.1 million for the six months ended 30 June 2023[43] - Deferred tax assets decreased by 25.0% to approximately RMB15.6 million as of 30 June 2024, compared to RMB20.8 million as of 31 December 2023[43] - Trade receivables, prepayments, and other receivables increased by 5.6% to approximately RMB547.8 million as of 30 June 2024, compared to RMB518.6 million as of 31 December 2023[43] - Contract assets decreased by 100% to nil as of 30 June 2024, compared to RMB18.0 million as of 31 December 2023[43] - Trade and other payables increased by 12.6% to approximately RMB237.5 million as of 30 June 2024, compared to RMB210.9 million as of 31 December 2023[45] - Bank balances and cash increased to approximately RMB37.6 million as of 30 June 2024, compared to RMB17.9 million as of 31 December 2023, with 9.1% in RMB and 90.9% in HKD and USD[48] - The company disposed of Shanghai Kailun Advertising Co., Ltd. for a consideration of RMB0.2 million on 28 June 2024[47] - The Group's gearing ratio decreased from 81.5% as at 31 December 2023 to 49.0% as at 30 June 2024, primarily due to a decrease in bank loans[52] - Operating cash flow improved significantly to RMB 30,043 thousand in H1 2024, compared to a negative RMB 56,986 thousand in H1 2023[98] - Net cash from operating activities turned positive at RMB 26,623 thousand in H1 2024, versus a negative RMB 59,746 thousand in H1 2023[98] - Cash and cash equivalents increased to RMB 37,629 thousand at the end of H1 2024 from RMB 822 thousand at the end of H1 2023[98] - Total assets increased to RMB 601,397,000 as of 30 June 2024, up from RMB 575,656,000 at the end of 2023[93] - Current assets rose to RMB 585,488,000, compared to RMB 554,555,000 at the end of 2023, driven by higher trade receivables and bank balances[93] - Bank balances and cash increased significantly to RMB 37,629,000 from RMB 17,854,000 at the end of 2023[93] - Total equity grew to RMB 224,088,000, up from RMB 182,773,000 at the end of 2023, primarily due to an increase in share capital and reserves[93] - Current liabilities decreased slightly to RMB 356,509,000 from RMB 362,883,000 at the end of 2023, with a reduction in bank borrowings[93] - Non-current liabilities decreased to RMB 20,800,000 from RMB 30,000,000 at the end of 2023, reflecting a reduction in long-term borrowings[93] - The company recorded a profit and total comprehensive income of RMB 5,366,000 for the period[95] - The statutory reserve requirement mandates transferring at least 10% of post-tax profit to a statutory reserve, which can be used to offset losses or increase capital[97] - The acquisition of Beijing Ruicheng in 2019 resulted in a merger reserve of RMB 90,734,000 and a capital reserve of RMB 80,800,000[96] - The company's subsidiaries are required to maintain a statutory reserve balance of up to 50% of their registered capital[97] - Trade receivables as of 30 June 2024 were RMB 224,426 thousand, a decrease from RMB 321,377 thousand as of 31 December 2023[124] - Prepayments to suppliers increased significantly to RMB 308,286 thousand as of 30 June 2024, compared to RMB 182,800 thousand as of 31 December 2023[124] - Total trade and other receivables as of 30 June 2024 amounted to RMB 547,759 thousand, up from RMB 518,563 thousand as of 31 December 2023[124] - Trade payables decreased to RMB 130,664 thousand as of 30 June 2024, down from RMB 195,476 thousand as of 31 December 2023[131] - Accrued expenses increased substantially to RMB 101,312 thousand as of 30 June 2024, compared to RMB 8,546 thousand as of 31 December 2023[131] - The company provides credit periods ranging from 15 to 90 days for TV advertising services and 1 to 90 days for online advertising services[126] - Contract assets were nil as of 30 June 2024, compared to RMB 18,038 thousand as of 31 December 2023[128] - Trade payables as of 30 June 2024 totaled RMB 130,664 thousand, a decrease from RMB 195,476 thousand as of 31 December 2023[133] - Bank and other borrowings as of 30 June 2024 amounted to RMB 109,784 thousand, down from RMB 148,984 thousand as of 31 December 2023[136] - The company completed a share placement on 7 June 2024, issuing 80,000,000 new shares at HK$0.50 per share, raising net proceeds of approximately HK$39,400,000 (RMB 35,949,000)[138][139] - On 28 June 2024, the company disposed of its subsidiary Shanghai Kailun Advertising Co., Ltd for a cash consideration of RMB 200,000, resulting in a net cash inflow of RMB 184,000[140][141] - On 24 July 2024, the company entered into an agreement to acquire Charm Linkage Holdings Limited and its subsidiaries for a total consideration of HK$82,600,000, partially settled by issuing 80,000,000 new shares at HK$0.60 per share[143] Corporate Governance and Shareholder Information - The Group employed 29 full-time employees as at 30 June 2024, a decrease of one employee compared to 30 employees as at 30 June 2023[55] - Staff costs for the period under review amounted to approximately RMB2.0 million, a decrease of RMB0.1 million or 5.0% compared to the same period last year[55] - The Group acquired Charm Linkage Holdings Limited for a total consideration of HK$82,600,000, settled partially by issuing 80,000,000 new shares and partially by cash payment[56] - The Group is committed to maintaining high standards of corporate governance and has complied with the Corporate Governance Code for the six months ended 30 June 2024[67] - The Group has adopted the Model Code for Securities Transactions by Directors and confirmed compliance during the six months ended 30 June 2024[68] - There have been no changes in the information of the Directors and chief executive of the Company since the publication of the 2023 annual report[69] - The Group has conditionally adopted a Share Option Scheme to motivate and retain eligible participants who contribute to the Group's long-term growth[70] - The number of options available for grant under the Share Option Scheme was 40,000,000 as of both January 1, 2024, and June 30, 2024, representing 10% of the total issued shares at the time of listing[75] - As of June 30, 2024, there were no outstanding, granted, cancelled, exercised, or lapsed options under the Share Option Scheme[75] - Ms. Wang Xin holds 25,246,606 shares, representing a 5.26% interest in the company[77] - Mr. Leng Xuejun holds 14,781,639 shares, representing a 3.08% interest in the company[77] - Mr. Sun Changpeng holds 362,000 shares through his spouse, representing a 0.08% interest in the company[77] - Yingheng Co., Ltd holds 161,704,734 shares, representing a 33.69% interest in the company[81] - Ms. Wang Lei holds 161,704,734 shares through a controlled corporation, representing a 33.69% interest in the company[81] - Jujia holds 36,761,102 shares, representing a 7.66% interest in the company[81] - Ruichengtianhe Co., Ltd holds 26,284,188 shares, representing a 5.48% interest in the company[81] - Youyi holds 25,246,606 shares, representing a 5.26% interest in the company[81] - The Company did not recommend the payment of an interim dividend for the six months ended 30 June 2024, consistent with the same period in 2023[85] - The Company did not purchase, sell, or redeem any of its listed securities for the six months ended 30 June 2024[84] - The Company did not hold any treasury shares as of 30 June 2024[84] - The Audit Committee confirmed that the unaudited interim results for the six months ended 30 June 2024 complied with all applicable accounting principles, standards, and requirements[87] - The weighted average number of ordinary shares for basic and diluted earnings per share was 410,549 thousand shares in 2024, up from

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 Ruicheng (China) Media Group Limited 瑞誠（中國）傳媒集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1640） 截至2024年6月30日止六個月的中期業績公告 瑞誠（中國）傳媒集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （統稱「本集團」）截至2024年6月30日止六個月（「回顧期」）未經審核綜合中期業績，連同2023年同期的 比較數字如下： 1 中期簡明綜合損益及其他全面收益表 截至2024年6月30日止六個月 | --- | --- | --- | --- | |-----------------------------------------------|-------|------------------------|----------------------| | | | 截至 6 月 30 \n202 ...

（於開曼群島註冊成立的有限公司） 股份代號：1640） ANNUAL REPORT 年度報告 2023 | Contents | | | --- | --- | | 目錄 | | | | Page | | | 頁次 | | Financial Summary | 2 | | 財務摘要 | | | Corporate Information | 3 | | 公司資料 | | | Awards and Recognition | 5 | | 獎項與表彰 | | | Chairlady's Statement | 6 | | 主席致辭 | | | Management Discussion and Analysis | 8 | | 管理層討論與分析 | | | Directors and Senior Management | 17 | | 董事及高級管理人員 | | | Corporate Governance Report | 24 | | 企業管治報告 | | | Environmental, Social and Governance Report | 50 | | 環境、社會及管治報告 | | | Dir ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 Ruicheng (China) Media Group Limited 瑞誠（中國）傳媒集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1640） 截至2023年12月31日止年度年度業績公告 瑞誠（中國）傳媒集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （統稱「本集團」、「我們的」或「我們」）根據國際財務報告準則（「國際財務報告準則」）編製截至2023年 12月31日止年度（「報告期間」）經審核的綜合年度業績（「年度業績」），連同2022年同期的比較數字。 1 綜合損益及其他全面收益表 截至2023年12月31日止年度 | | 附註 | 2023年 | 2022年 | | --- | --- | --- | --- | | | | 人民幣千元 | 人民幣千元 | | 收益 | 4 | 378,707 | 412,659 | | 收益成本 | | ( ...

（於開曼群島註冊成立的有限公司） 股份代號：1640） 2023 中期報告 INTERIM REPORT Contents 目錄 | | 頁次 | | --- | --- | | Corporate Information | 2-3 | | 公司資料 | | | Financial Summary | 4 | | 財務摘要 | | | Management Discussion and Analysis | 5-13 | | 管理層討論與分析 | | | Corporate Governance and Other Information | 14-17 | | 企業管治及其他資料 | | | Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 18 | | 中期簡明綜合損益及其他全面收益表 | | | Interim Condensed Consolidated Statement of Financial Position | 19 | | 中期簡明綜合財務狀況表 | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 Ruicheng (China) Media Group Limited 瑞誠（中國）傳媒集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1640） 截至2023年6月30日止六個月的中期業績公告 瑞誠（中國）傳媒集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （統稱「本集團」）截至2023年6月30日止六個月（「回顧期」）未經審核綜合中期業績，連同2022年同期的 比較數字如下： ...

ANNUAL REPORT 年度報告 2022 （於開曼群島註冊成立的有限公司） 股份代號：1640） Contents 目錄 | | 頁次 | | --- | --- | | Financial Summary | 2 | | 財務摘要 | | | Corporate Information | 3-4 | | 公司資料 | | | Awards and Recognition | 5 | | 獎項與表彰 | | | Chairlady's Statement | 6-7 | | 主席致辭 | | | Management Discussion and Analysis | 8-16 | | 管理層討論與分析 | | | Directors and Senior Management | 17-23 | | 董事及高級管理人員 | | | Corporate Governance Report | 24-49 | | 企業管治報告 | | | Environmental, Social and Governance Report | 50-72 | | 環境、社會及管治報告 | | | Directors' ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 Ruicheng (China) Media Group Limited 瑞誠（中國）傳媒集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1640） 截至2022年12月31日止年度年度業績公告 瑞誠（中國）傳媒集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （統稱「本集團」、「我們的」或「我們」）根據國際財務報告準則（「國際財務報告準則」）編製截至2022年 12月31日止年度（「報告期間」）經審核的綜合年度業績（「年度業績」），連同2021年同期的比較數字。 ...

（於開曼群島註冊成立的有限公司） 股份代號：1640） 2022 Interim Report 中期報告 Contents 目錄 Page 頁次 Corporate Information 2 公司資料 Financial Summary 4 財務摘要 Management Discussion and Analysis 5 管理層討論及分析 Corporate Governance and Other Information 15 企業管治及其他資料 Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 19 中期簡明綜合損益及其他全面收益表 Interim Condensed Consolidated Statement of Financial Position 20 中期簡明綜合財務狀況表 Interim Condensed Consolidated Statement of Changes in Equity 21 中期簡明綜合權益變動表 Interim Condensed ...