Corporate Strategy and Technology Development - The group is focusing on building a global high-tech industry investment holding platform, targeting high-potential technology sectors such as artificial intelligence and data center infrastructure[9]. - The AI infrastructure business was officially launched in January 2025, with a dedicated professional team for R&D, deployment, and operation services aimed at improving data center efficiency[9]. - The group aims to explore core technology breakthroughs in intelligent equipment, particularly in the development and innovation of core components for robotics[10]. - The strategic role of the Frontier Technology Research Institute will be strengthened, fostering collaboration with top international research institutions and leading industry enterprises[12]. - The group emphasizes a "technology-driven, value co-creation" philosophy to continuously promote the commercialization of technological innovations[12]. - The group aims to provide sustainable and high-performance intelligent solutions for the industry through its AI infrastructure business[9]. - The company aims to strengthen its core competitiveness in frontier technology asset management services and enhance its ability to identify and incubate early-stage technology projects[18]. - The company is focusing on the innovation and industrialization of core components for robotics as a key area of development[16]. - The company plans to develop a new business centered on technology asset management services, leveraging advancements in artificial intelligence[144]. - The company emphasizes a strategy of "technology-enabled transaction-based mergers and acquisitions" to identify and invest in listed companies with core assets[144]. Financial Performance - The company's revenue increased by approximately 142.2% from RMB 32.24 million for the year ended December 31, 2023, to RMB 78.07 million for the year ending December 31, 2024[19]. - The revenue from the event operation and marketing segment grew by 4.3% from RMB 26.32 million to RMB 27.46 million[19]. - The trading business segment, which involves the sale of cigars, generated RMB 50.60 million in revenue for the year ending December 31, 2024, compared to zero revenue in the previous year[19]. - The company's gross profit for the year ending December 31, 2024, was RMB 10.14 million, with a gross profit margin of 13%, compared to a gross loss of RMB 0.84 million and a gross loss margin of 2.6% for the previous year[20]. - Service costs increased by approximately 105.4% from RMB 33.08 million to RMB 67.93 million, primarily due to increased costs in the trading business segment[20]. - General and administrative expenses decreased by approximately 21.6% from RMB 44.24 million to RMB 34.67 million, mainly due to reduced labor costs[21]. - Other income decreased by approximately 75.3% from RMB 16.35 million to RMB 4.04 million, primarily due to reduced income from short-term bank financial products and fixed income interest[23]. - The group's net loss from other gains or losses decreased approximately 760.7% from RMB 0.47 million for the year ended December 31, 2023, to a net gain of RMB 3.09 million for the year ended December 31, 2024[24]. - The group's loss before income tax decreased by approximately 43.87% from RMB 81.17 million for the year ended December 31, 2023, to RMB 45.56 million for the year ended December 31, 2024[25]. - Loss attributable to owners of the company decreased by approximately 39.7% from RMB 87.18 million for the year ended December 31, 2023, to RMB 52.58 million for the year ended December 31, 2024[27]. Corporate Governance - The board is committed to maintaining high standards of corporate governance and transparency[64]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance throughout the year[66]. - The board consists of a balanced structure of executive and non-executive directors, ensuring strong independent elements for effective judgment[68]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the company's affairs[85]. - All independent non-executive directors have confirmed their independence and have no significant connections with other directors[72]. - The company provides training for new directors to ensure they understand their responsibilities and the company's operations[80]. - The board collectively makes objective decisions in the best interest of the company, focusing on strategic decisions and risk management[75]. - The company has appropriate insurance coverage for directors and senior management against legal claims arising from corporate activities[79]. - The board achieved a gender diversity ratio of 63.6% female members and 36.4% male members, with a target of at least two female directors and one female senior manager[99]. - The company has established a board diversity policy to ensure a balanced perspective in achieving strategic goals and sustainable development[95]. Risk Management and Compliance - The board is responsible for evaluating and determining the nature and extent of risks acceptable in achieving strategic goals, ensuring effective risk management and internal control systems are in place[106]. - The company conducts annual reviews of its risk management and internal control systems, with the audit committee assisting in evaluating and monitoring risk levels[107]. - Risk management processes include risk identification, assessment, response measures, and monitoring, with departments required to identify potential risks at least once a year[109]. - The company aims to maintain all significant risks within acceptable levels and establish effective monitoring and reporting mechanisms for these risks[110]. - The company has established a whistleblowing policy to allow employees and business partners to report misconduct confidentially[117]. - The company has a robust anti-corruption policy in place to prevent internal corruption and bribery, with established reporting channels for suspicious activities[118]. Environmental, Social, and Governance (ESG) Initiatives - The report period for the environmental, social, and governance (ESG) report is from January 1, 2024, to December 31, 2024, covering 100% of the company's annual revenue[143]. - The company aims to expand its presence in the sports and health consumer market, focusing on high-end event operations domestically and internationally[144]. - The company is committed to integrating climate-related issues and ESG factors into the long-term business strategy, with a focus on sustainable development goals[150]. - The company has established clear short-term and long-term sustainability visions and goals to achieve continuous emission reductions[150]. - Key ESG topics identified include energy, water, air emissions, waste management, and climate change, which are critical for stakeholder and business development[159]. - The company aims to enhance its ESG performance through collaboration across different departments and regular monitoring by the board[150]. - The company aims to reduce air emissions by 1% by 2025, 2% by 2027, and 3% by 2030[165]. - Total greenhouse gas emissions decreased from 43.35 tons CO2 equivalent in 2023 to 32.20 tons CO2 equivalent in 2024, a reduction of approximately 25.7%[168]. - The company has implemented measures to promote paperless operations and encourages employees to use public transportation instead of private cars[175]. - The group has implemented various management measures to promote resource efficiency and reduce greenhouse gas emissions[177]. Shareholder Engagement and Rights - The company is committed to protecting shareholder rights by presenting independent resolutions at shareholder meetings[128]. - The company has established communication channels to ensure shareholders receive comprehensive and understandable information[134]. - The next annual general meeting is scheduled for June 25, 2025, providing a platform for shareholders to engage with the board[136]. - The company recognizes the importance of shareholder privacy and will not disclose shareholder information without consent unless legally required[135].

Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 78,066,000, an increase of 142.5% compared to RMB 32,243,000 in 2023[2] - The gross profit for the same period was RMB 10,137,000, compared to a gross loss of RMB 840,000 in 2023, indicating a significant turnaround[2] - The net loss for the year was RMB 52,613,000, a reduction from a net loss of RMB 87,171,000 in 2023, reflecting an improvement of 39.7%[2] - The group reported a total segment loss of RMB 52,613 thousand for the year, compared to a loss in previous periods, indicating ongoing financial challenges[23] - The group recorded a gross profit of RMB 10.14 million for the year ending December 31, 2024, compared to a gross loss of RMB 0.84 million for the year ending December 31, 2023, resulting in a gross profit margin of 13%[44] - The group's loss before tax decreased by approximately 43.87% from RMB 81.17 million for the year ending December 31, 2023, to RMB 45.56 million for the year ending December 31, 2024[51] - The loss attributable to the company's owners decreased by approximately 39.7% from RMB 87.18 million for the year ended December 31, 2023, to RMB 52.58 million for the year ending December 31, 2024[54] Assets and Liabilities - The total assets as of December 31, 2024, were RMB 411,397,000, slightly down from RMB 412,358,000 in 2023[5] - Cash and bank balances increased to RMB 246,473,000 from RMB 173,732,000 in 2023, representing a growth of 42%[5] - The total liabilities increased to RMB 59,926,000 from RMB 43,759,000 in 2023, indicating a rise of 36.9%[6] - The company’s equity attributable to owners decreased to RMB 352,175,000 from RMB 369,272,000 in 2023[5] - The company’s accounts payable decreased to RMB 4,593,000 in 2024 from RMB 11,810,000 in 2023[37] - The net current assets increased by approximately 18.5% from RMB 219.50 million as of December 31, 2023, to RMB 260.04 million as of December 31, 2024[56] Revenue Streams - Revenue from event operations and marketing was RMB 27,460 thousand in 2024, up from RMB 26,320 thousand in 2023, indicating a growth of 4.3%[13] - The newly introduced cigar trading business generated revenue of RMB 50,606 thousand in 2024, marking its first year of operation[13] - The group has not recognized any revenue from sports services in 2024, compared to RMB 5,923 thousand in 2023, indicating a complete cessation of this revenue stream[13] - Major clients contributing over 10% of total revenue included Client A1 and Client B1, each contributing RMB 13,683,000, and Client E3 contributing RMB 50,606,000 in 2024[27] Expenses and Costs - The group incurred service costs of RMB 67,929 thousand against total revenues, resulting in a gross profit of RMB 10,137 thousand[23] - The group's service costs rose by about 105.4% from RMB 33.08 million for the year ending December 31, 2023, to RMB 67.93 million for the year ending December 31, 2024, mainly due to increased costs in the trading business[44] - The company's employee costs for 2024 were RMB 4,219,000, a decrease from RMB 18,514,000 in 2023[32] - Sales and distribution expenses decreased by approximately 39.2% from RMB 7.11 million for the year ending December 31, 2023, to RMB 4.32 million for the year ending December 31, 2024[47] - General and administrative expenses decreased by approximately 21.6% from RMB 44.24 million for the year ending December 31, 2023, to RMB 34.67 million for the year ending December 31, 2024[48] Strategic Initiatives - The company is focused on expanding its sports event operations and marketing services in China and Hong Kong[7] - The group aims to enhance its strategic collaboration between its two main business segments to drive sustainable performance growth through technology empowerment and capital-driven models[42] Compliance and Governance - The company has taken remedial measures to ensure compliance with listing rules following a breach related to loan agreements[85] - The company maintains sufficient public float as per listing rules for the fiscal year ending December 31, 2024[88] - The company’s annual results and report for 2024 will be published on the Hong Kong Stock Exchange and its website[89] Investments and Financing - The company raised approximately HKD 43 million through the issuance of 310,000,000 shares at HKD 0.139 per share, intended for sports event development and operational funding[62] - The company has established a trust plan with a total investment of RMB 10 million, expecting an annualized return of 4.0%[77] - Another trust plan was set up with an investment of RMB 10 million, focusing on high-quality asset securitization, with an expected annualized return of 4.3%[77] - A loan agreement was renewed with Beijing Quanxiang Shikong, extending the repayment period and reducing the interest rate from 4.75% to 3.65%[81] - A short-term loan of RMB 20 million was provided to Dongfang Green Energy, with an interest rate of 5%[82] - The loan to Dongfang Green Energy was subsequently modified to RMB 10 million, with an extended repayment period until September 30, 2024, and an adjusted interest rate of 4.5%[83] Shareholder Returns - The company did not declare any dividends for the years ending December 31, 2024, and 2023[33] - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with the previous year[68] Other Information - The company hosted the "2024 Technology + New Quality Productivity Summit" in September 2024, gathering over 300 leaders from various sectors to discuss AI technology integration[38] - The company completed a share consolidation on December 23, 2024, reducing the number of issued shares from 1,902,942,000 to 190,294,200[63] - The company has no significant contingent liabilities as of December 31, 2024[67]

CHINA FRONTIER TECHNOLOGY GROUP 中國前沿科技集團 股份代號：1661 ( 於爾曼群島註冊成立的有限公司) 中 期 報 告 2024 1 0 1 1 0 001 0001 0 0 1 0 1 0 1 1 0 - 0 0 1 0 0 0 ,118 0 9 0 1. n o 1 1 0 0 f l == = 0 0 0 5 0 blor 目錄 | --- | --- | |------------------------------|-------| | | | | 公司資料 | 2 | | 管理層討論與分析 | 4 | | 披露權益資料 | 15 | | 重要事項 | 18 | | 企業管治及其他資料 | 22 | | 簡明合併損益及其他綜合收益表 | 24 | | 簡明合併財務狀況表 | 26 | | 簡明合併權益變動表 | 28 | | 簡明合併現金流量表 | 29 | | 中期財務資料附註 | 30 | 公司資料 | --- | --- | |------------------------------------------------------------------- ...

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份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （前稱Wisdom Sports Group 智美體育集團） （股份代號：1661） 截至2024年6月30日止6個月中期業績公告 財務摘要 中國前沿科技集團（「本公司」或「中國前沿科技」）董事（「董事」）會（「董事會」）謹此發佈本 公司及其附屬公司（統稱「本集團」）截至2024年6月30日止6個月期間的未經審核合併中期 業績連同2023年同期的比較數字。 - 1 - 簡明合併損益及其他綜合收益表 截至2024年6月30日止6個月 | --- | --- | --- | --- | |----------------------------------------------------|-------|----------------------------------------------------|------------------------------- ...

8*4%0. 410354(3061 ᮧ㒻倁㗟䯳 㗎ЪА㮌喟 喍䪸ᰩ㓑ሣ㽨ڷ⮱⿸ᰶ䭽ڙथ喎 2023 ᎡᏓ൞ॷ 2023 8*4%0. 410354(3061 4UPDL$PEF ᮧ㒻倁㗟䯳 喍*ODPSQPSBUFEJOUIF$BZNBO*TMBOETXJUIMJNJUFEMJBCJMJUZ喎 "//6"- 3&1035 智美體育集團 WISDOM SPORTS GROUP 年度報告 2023 Annual Report 目錄 公司資料 | | 2 | | --- | --- | | 主席報告 | 4 | | 管理層討論與分析 | 6 | | 企業管治報告 | 18 | | 環境、社會及管治報告 | 35 | | 董事會報告 | 64 | | 董事、高級管理層及僱員 | 86 | | 獨立核數師報告 | 89 | | 合併損益及其他綜合收益表 | 93 | | 合併財務狀況表 | 95 | | 合併權益變動表 | 97 | | 合併現金流量表 | 98 | | 合併財務報表附註 | 102 | | 五年財務概要 | 178 | 公司資料 執行董事 任文女士（亦稱任國尊女士） （聯席主席） 黃文強先生 （聯席 ...

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 32,243,000, a significant increase from RMB 4,976,000 in 2022, representing a growth of approximately 546%[4] - The cost of services for the same period was RMB 33,083,000, leading to a gross loss of RMB 840,000 compared to a gross profit of RMB 3,500,000 in 2022[4] - Other income increased to RMB 16,345,000 from RMB 8,996,000, marking an increase of about 81%[4] - The total operating loss for the year was RMB 79,978,000, compared to a loss of RMB 65,896,000 in 2022, indicating a deterioration in operational performance[4] - The net loss for the year was RMB 87,171,000, up from RMB 75,507,000 in 2022, reflecting a year-over-year increase of approximately 15%[4] - The group reported a total loss of RMB 87,171 thousand for the year ended December 31, 2023, compared to a loss of RMB 75,507 thousand in 2022, reflecting an increase in losses of approximately 15%[27] - The company reported a net loss attributable to shareholders of RMB 87,178 thousand for 2023, compared to a loss of RMB 75,479 thousand in 2022, indicating an increase in losses of approximately 15.5% year-over-year[36] - The company's loss attributable to owners increased approximately 15.5% from RMB 75.50 million to RMB 87.20 million for the year ended December 31, 2023[63] Assets and Liabilities - Total assets decreased to RMB 412,358,000 from RMB 499,155,000, a decline of about 17.4%[8] - Current assets also fell to RMB 256,693,000 from RMB 292,156,000, representing a decrease of approximately 12.1%[8] - The group’s non-current assets in China decreased to RMB 50,000 thousand in 2023 from RMB 132,054 thousand in 2022[30] - The group’s net current assets decreased by approximately 13.5% from RMB 253.80 million as of December 31, 2022, to RMB 219.50 million as of December 31, 2023[65] - Accounts receivable decreased slightly to RMB 17,489 thousand in 2023 from RMB 17,951 thousand in 2022, with a provision for impairment remaining unchanged at RMB 12,630 thousand[37] - Accounts payable increased significantly to RMB 11,810 thousand in 2023 from RMB 4,784 thousand in 2022, reflecting a rise of approximately 147%[40] - Bank borrowings as of December 31, 2023, were RMB 6.60 million, an increase from zero as of December 31, 2022[67] - The current ratio as of December 31, 2023, was approximately 690.9%, down from 761.1% as of December 31, 2022[71] - The debt-to-asset ratio was approximately 10.61% as of December 31, 2023, compared to 7.69% as of December 31, 2022[71] Revenue Segmentation - Revenue from event operations and marketing was RMB 26,320 thousand in 2023, compared to RMB 4,017 thousand in 2022, indicating a growth of about 554%[18] - The event operation and marketing segment's revenue grew about 556.4% from RMB 4.02 million to RMB 26.32 million, while the sports services segment's revenue increased approximately 510.3% from RMB 0.96 million to RMB 5.92 million[53] - The group reported interest income of RMB 7,357 thousand in 2023, compared to RMB 1,415 thousand in 2022, representing an increase of approximately 419%[18] Expenses - The group’s total service costs for 2023 were RMB 33,083 thousand, up from RMB 1,476 thousand in 2022, indicating a significant rise in costs[27] - Selling and distribution expenses rose about 94.3% from RMB 3.66 million to RMB 7.11 million, mainly due to business expenses related to event operations[56] - General and administrative expenses increased approximately 67.6% from RMB 26.40 million to RMB 44.24 million, attributed to rising labor costs associated with business recovery and new business expansion[57] - The group incurred impairment losses on property, plant, and equipment of RMB 16,262 thousand in 2023, with no such losses reported in 2022[20] Future Plans and Market Outlook - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings report[11] - The company plans to focus on high-quality development in professional event operations and high-end sports services, alongside exploring new business opportunities in AI asset management services[51] - The company aims to diversify its business model by exploring various sports events both domestically and internationally, laying a solid foundation for business expansion in 2024[43] - The outdoor sports market is expected to grow significantly in 2024, driven by events like the Paris Olympics and Copa America, which will enhance public participation in outdoor sports[45] - The company is focusing on high-value consumer segments, which contribute nearly 60% of the outdoor sports market, particularly in high-end sports like golf and skiing[46] Shareholder Information - The company did not recommend any dividend payments for the years ended December 31, 2023, and 2022[35] - The company did not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[74] - The controlling shareholder sold 400 million shares at an average price of HKD 0.25 per share, totaling HKD 100 million[98] - The company entered into a subscription agreement for 310 million new shares at a price of HKD 0.139 per share[103] - The total amount raised from the subscription was approximately HKD 43.1 million, with a net amount of HKD 43 million intended for sports event development and working capital[104] Corporate Governance - The executive directors of the company include Ren Wen, Sheng Jie, Huang Wenqiang, and Ren Song[107] - The independent non-executive directors include Chen Zhijian, Li Jianhui, Jin Guoqiang, and Gao Wenjuan[107] Reporting and Compliance - The 2023 annual performance announcement is published on the Hong Kong Stock Exchange and the company's website[107] - The annual report will be sent to shareholders who opted for printed copies and will also be available on the Hong Kong Stock Exchange and the company's website[107] - The company has not yet adopted new Hong Kong Financial Reporting Standards that are effective from January 1, 2024, and beyond, which may impact future financial reporting[16] - The company has no significant contingent liabilities as of December 31, 2023, remaining unchanged from the previous year[73]

Revenue Growth - The group's revenue increased by approximately 188.9% from RMB 0.9 million in the six months ended June 30, 2022, to RMB 2.6 million in the six months ended June 30, 2023, primarily due to the gradual recovery of events post-COVID-19[10]. - Revenue for the six months ended June 30, 2023, was RMB 2,571,000, compared to RMB 897,000 for the same period in 2022, representing a significant increase of 187%[116]. - The revenue from the event operation and marketing segment increased by 80.0% from RMB 0.5 million to RMB 0.9 million, while the sports services segment revenue surged by 325.0% from RMB 0.4 million to RMB 1.7 million[10]. Cost and Expenses - The service costs rose by about 366.7% from RMB 0.6 million to RMB 2.8 million during the same period, attributed to the increase in the number of events operated[10]. - General and administrative expenses increased by approximately 59.9% from RMB 13.2 million for the six months ended June 30, 2022, to RMB 21.1 million for the six months ended June 30, 2023[12]. - Sales and distribution expenses decreased by approximately 63.6% from RMB 1.1 million to RMB 0.4 million, mainly due to adjustments in the sales personnel structure and optimization of labor costs[11]. Profitability and Loss - The group recorded a gross loss of RMB 0.2 million for the six months ended June 30, 2023, compared to a gross profit of RMB 0.3 million for the same period in 2022, resulting in a gross loss margin of 7.7%[11]. - The net loss for the period was RMB 6,375,000, compared to a net loss of RMB 32,102,000 for the same period in 2022, indicating a reduction in losses[86]. - The pre-tax loss decreased by 75.0% from RMB 25.6 million to RMB 6.4 million for the six months ended June 30, 2023[16]. Cash Flow and Assets - Cash and cash equivalents increased to approximately RMB 206.1 million as of June 30, 2023, from RMB 172.4 million as of December 31, 2022[20]. - Current assets net increased by approximately 15.2% from RMB 253.8 million to RMB 292.4 million as of June 30, 2023[21]. - The company reported a net cash outflow from operating activities of RMB (5,741) thousand, an improvement compared to RMB (27,663) thousand in the previous year[96]. Investments and Financial Assets - Other income rose by approximately 147.8% from RMB 2.3 million to RMB 5.7 million, primarily due to returns from financial products purchased from reputable financial institutions and increased interest income from short-term bank deposits in USD and GBP[13]. - The company has a total of RMB 18,409,000 in financial assets measured at fair value through profit or loss as of June 30, 2023, up from RMB 13,108,000 as of December 31, 2022, marking an increase of about 40.5%[146]. - The fair value of non-listed equity securities measured at fair value through other comprehensive income increased to RMB 63,259,000 as of June 30, 2023, from RMB 62,349,000 at the end of 2022[114]. Employee Costs - Total employee cost for the six months ended June 30, 2023, was RMB 9.0 million, slightly up from RMB 8.9 million for the same period in 2022[48]. - Employee costs, including salaries and bonuses, amounted to RMB 8,855,000 for the six months ended June 30, 2023, compared to RMB 2,188,000 in 2022, marking an increase of 304%[133]. - For the six months ended June 30, 2023, the total remuneration for directors and key management personnel was RMB 8,252,000, an increase of 380.23% compared to RMB 1,720,000 for the same period in 2022[158]. Future Outlook - The second half of 2023 is expected to be busy with multiple events scheduled, including Nanchang Marathon and Dalian Marathon, with ongoing preparations and negotiations for additional events[7]. - The group aims to expand its event operation rights and diversify its product offerings to better meet the needs of different types of sports enthusiasts[7]. - The overall trend in the sports industry is positive, with expectations of recovery to pre-pandemic levels, driven by events like the Chengdu Universiade and Hangzhou Asian Games[7].

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份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WISDOM SPORTS GROUP 智美體育集團 （於開曼群島註冊成立的有限公司） （股份代號：1661） 截至2023年6月30日止6個月中期業績公告 財務摘要 智美體育集團（「本公司」或「智美」）董事（「董事」）會（「董事會」）謹此發佈本公司及其附屬 公司（統稱「本集團」）截至2023年6月30日止6個月期間的未經審核合併中期業績連同2022 年同期的比較數字。 ...

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份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WISDOM SPORTS GROUP 1661 (1) 有關截至2022年12月31日止年度之年度報告的補充公告； (2) 有關提供貸款的須予披露及主要交易； 及 (3) 根據上市規則第13.13條作出披露 謹此提述智美體育集團（「本公司」）於2023年4月26日刊發的截至2022年12月31日止年度的 年度報告（「年報」）。除本公告另行定義或文義另有指明外，本公告所用詞彙與年報所界 定者具有相同涵義。 除年報中提供的資料外，本公司董事會（「董事會」）謹此就截至2022年12月31日止年度於 聯營公司的投資減值虧損的相關披露提供額外資料。 於聯營公司的權益減值虧損 ...

COVID-19 Impact and Recovery - In 2022, the company faced significant challenges due to the COVID-19 pandemic, leading to the cancellation or postponement of offline marathon events, impacting overall performance [8]. - The company reported a significant impact on its operations due to the pandemic, with a focus on adapting to new market conditions and consumer behaviors [10]. - The company anticipates a gradual recovery in the sports industry, with a focus on health and fitness as public interest in physical well-being increases [11]. - The recovery of profitability is expected to require multiple cycles, with a focus on diversifying sponsorship sources due to the impact of the pandemic on existing sponsors [105]. - The company believes that the sales market in the sports industry will rebound after the COVID-19 pandemic [136]. Business Strategy and Diversification - The company aims to diversify its business by exploring various sports-related services and products to meet consumer demands in the post-pandemic era [9]. - The company is actively preparing for events scheduled for 2023, including marathons that were postponed due to pandemic restrictions [10]. - The company is exploring new strategies to increase its resilience against market fluctuations and enhance its service offerings [9]. - New business expansion efforts are being approached cautiously to minimize initial capital investment while ensuring thorough market research [105]. - The company aims to expand the consumer market in sports and health sectors while continuously exploring product development and market research [136]. Financial Performance - The company's revenue decreased approximately 59.0% from RMB 12.2 million for the year ended December 31, 2021, to RMB 5.0 million for the year ended December 31, 2022, primarily due to the severe impact of the COVID-19 pandemic on the sports industry [13]. - The service costs dropped about 87.9% from RMB 12.4 million for the year ended December 31, 2021, to RMB 1.5 million for the year ended December 31, 2022, also due to the pandemic's impact [13]. - The gross profit for the year ended December 31, 2022, was RMB 3.5 million, compared to a gross loss of RMB 0.2 million for the year ended December 31, 2021, resulting in a gross margin of 70.0% [14]. - The net loss attributable to the company’s owners increased about 58.0% from RMB 47.8 million for the year ended December 31, 2021, to RMB 75.5 million for the year ended December 31, 2022 [21]. - Cash and cash equivalents as of December 31, 2022, were approximately RMB 172.4 million, compared to RMB 127.4 million as of December 31, 2021 [22]. Corporate Governance - The company has maintained compliance with the corporate governance code throughout the year ending December 31, 2022 [49]. - The board of directors held four meetings throughout the year, ensuring effective leadership and oversight of the company's affairs [53]. - The company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to oversee specific aspects of corporate governance [72]. - The board includes at least three independent non-executive directors, meeting the requirement of being at least one-third of the board [55]. - Continuous professional development was provided to all directors, covering corporate governance, regulatory updates, financial and accounting knowledge, and industry updates [67]. Environmental, Social, and Governance (ESG) Initiatives - The company has set carbon reduction targets compared to the 2019 baseline, aiming for a 1% reduction in air emissions by 2025, 2% by 2027, and 3% by 2030 [158]. - The board is committed to integrating climate-related issues and ESG factors into long-term business strategy planning [142]. - The company reported a total greenhouse gas (GHG) emissions of 35.06 tons CO2 equivalent in 2022, a decrease of 37% from 55.83 tons in 2021 [163]. - The company has implemented measures to reduce emissions, such as encouraging employees to use trains for business trips under 1,300 kilometers [167]. - The company aims to enhance internal policies and improve ESG management and performance through active communication with stakeholders [156]. Employee Management and Turnover - The employee turnover rate for 2022 was 26.67%, with a breakdown of 27.27% for males and 25.00% for females [198]. - The total number of employees as of December 31, 2022, was 15, with 14 being full-time employees [198]. - The group provided competitive compensation and benefits, including retirement insurance and basic medical insurance [199]. - The employee turnover rate during the reporting period was calculated as 15 employees who left divided by the total number of employees at the end of the reporting period [200].