Group 1 - The core viewpoint of the article highlights the financial performance of 瑞斯康集团 (Rescon Group) for the fiscal year ending December 31, 2024, showing a revenue increase and a reduction in shareholder losses [1] - The company reported a revenue of 122 million RMB, representing a year-on-year increase of 28.91% [1] - Shareholder losses narrowed to 73.54 million RMB, a decrease of 46.91% compared to the previous year, with a basic loss per share of 28.76 cents [1] Group 2 - The increase in revenue is attributed to a 58.4% rise in the revenue from the automatic meter reading and other business segments, along with a 20.8% contribution from the wind farm operation and maintenance business segment [1] - On August 14, shareholders of 瑞斯康集团 deposited shares into 东方汇财证券, with a market value of 11.9891 million HKD, accounting for 13.21% of the total [1]

Group 1 - The core viewpoint of the article highlights the financial performance of 瑞斯康集团 (Rescon Group) for the fiscal year ending December 31, 2024, showing a revenue increase and a reduction in losses [1] - The company reported a revenue of 122 million RMB, representing a year-on-year increase of 28.91% [1] - Shareholder losses narrowed to 73.54 million RMB, a decrease of 46.91% compared to the previous year, with a basic loss per share of 28.76 cents [1] Group 2 - The increase in revenue was attributed to a 58.4% rise in the revenue from automatic meter reading and other business segments, along with a 20.8% contribution from the wind farm operation and maintenance segment [1] - On August 14, shareholders deposited shares into 东方汇财证券 (Oriental Wealth Securities), with a market value of 11.9891 million HKD, accounting for 13.21% of the total [1]

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之任何損失承擔任何責任。 RISECOMM GROUP HOLDINGS LIMITED 瑞 斯 康 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1679） 為釐定股東出席股東特別大會並於會上投票的資格而暫停辦理股份過戶登記手續 期間（ 如通函所述 ）將維持不變。就股東特別大會而言，所有已送交本公司香港股 份過戶 登記分處 卓佳證券 登記有限 公司（ 地址為香 港夏愨道 16 號遠 東金融中 心17 樓 ）的代表委任表格將於經改期的股東特別大會維持有效。 – 1 – 本 公 司 將 適 時 另 行 刊 發 公 告 ， 以 告 知 股 東 有 關 股 份 合 併 及 供 股 時 間 表 的 任 何 變 動。 承董事會命 瑞斯康集團控股有限公司 主席兼執行董事 趙露憶 由於惡劣天氣 股東特別大會延期 茲提述瑞斯 康集團控股有限公司（「本 ...

Summary of Key Points Core Viewpoint - A total of 142 stocks reached their 52-week highs as of August 12, with notable performers including Yingmei Holdings (02028), Elite Group (01775), and Fuying Global Group (01620) achieving high rates of 164.89%, 84.78%, and 40.63% respectively [1]. Stock Performance - **Top Performers**: - Yingmei Holdings (02028) closed at 0.223 with a peak of 0.249, marking a 164.89% increase [1]. - Elite Group (01775) closed at 0.350 with a peak of 0.425, reflecting an 84.78% increase [1]. - Fuying Global Group (01620) closed at 0.180, reaching its peak at 0.180, showing a 40.63% increase [1]. - **Other Notable Stocks**: - Aoya Group (02425) increased by 34.36% [1]. - Fuyiy International Holdings (01470) saw a rise of 28.30% [1]. - Huajian Medical (01931) experienced a 27.58% increase [1]. 52-Week High Rankings - The ranking of stocks that reached their 52-week highs includes: - Yingmei Holdings (02028) at 164.89% [1]. - Elite Group (01775) at 84.78% [1]. - Fuying Global Group (01620) at 40.63% [1]. 52-Week Low Rankings - The report also highlights stocks that reached their 52-week lows, with notable declines including: - Jiadeng International Group (08153) at -15.25% [4]. - Kun Group (00924) at -12.86% [4]. - Zhongjia Guoxin (00899) at -10.00% [4].

Group 1 - The article provides a list of companies involved in various financial activities such as earnings announcements, shareholder meetings, and new stock activities [2][3] - Several companies are mentioned for their dividend distribution dates, indicating their financial performance and shareholder returns [2][3] - The document highlights companies undergoing stock repurchases and capital increases, which may signal their financial strategies and market positioning [3] Group 2 - The article includes a list of companies that are currently in the process of IPOs, reflecting market interest and potential investment opportunities [2] - Companies like Silver Noble Pharmaceuticals and others are noted for their ongoing stock activities, which may attract investor attention [2] - The document also mentions companies that are resuming trading, indicating a potential recovery or change in market conditions [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 瑞斯康集團控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： HKD 1,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01679 | | 說明 | 瑞斯康集團 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 255,728,860 | | 0 | | 255,728,860 | | 增加 / 減少 (-) | | | | | | ...

Financial Performance - The group reported stable revenue growth for the fiscal year ending December 31, 2024, demonstrating strong operational performance and effective cost control[12]. - The company recorded a revenue of approximately RMB 122.3 million for the year, an increase of about 28.9% compared to RMB 94.9 million in 2023[22]. - Revenue increased by approximately 28.9% from RMB 94.9 million in 2023 to approximately RMB 122.3 million, driven by a 58.4% increase in the automatic meter reading and other business segments[26]. - The automatic meter reading and related business segment generated revenue of approximately RMB 67.1 million, up 58.4% from RMB 42.3 million in 2023, accounting for 54.8% of total revenue[22]. - The gross profit rose from RMB 15.6 million in 2023 to approximately RMB 37.1 million, representing an increase of about 138.3%[28]. - The gross margin improved from approximately 16.4% in 2023 to about 30.3% in the review year, mainly due to an increase in the gross margin of the automatic meter reading segment[28]. - The group recorded a loss attributable to equity shareholders reduced from RMB 138.5 million in 2023 to approximately RMB 73.5 million in the review year, primarily due to the absence of one-time impairments in financial and contract assets[23]. - The company recorded a loss attributable to equity shareholders of approximately RMB 73.5 million for the review year, compared to a loss of RMB 138.5 million in 2023[40]. Market Demand and Growth - The demand for communication modules is expected to rise due to the anticipated steady growth in the national grid's smart meter procurement[12]. - The national grid's push for new technology standards and the promotion of next-generation smart meters are expected to drive market growth[12]. - The demand for broadband dual-mode communication modules from the State Grid is estimated to be around 89 million units in 2024, while the Southern Grid's demand exceeds 10 million units, remaining stable compared to the same period in 2023[17]. - The State Grid plans to procure over 80 million broadband dual-mode communication modules in 2025, with three public bidding rounds scheduled[18]. - The company anticipates steady growth in demand for smart meters and communication modules due to the ongoing development of a new energy-based power system[54]. - The investment in the distribution network during the "14th Five-Year Plan" is expected to exceed RMB 1.2 trillion, accounting for over 60% of the total investment in power grid construction[55]. - The industrial automation market in China is expected to continue healthy growth due to low penetration rates and rising labor costs, particularly in the petrochemical sector[56]. - The wind power operation and maintenance market in China is projected to see significant demand as many wind turbines exit their warranty periods, with total spending on wind power operation and maintenance services reaching USD 16 billion from 2015 to 2022[58]. Strategic Initiatives and Acquisitions - The group actively expanded its market presence in smart city lighting, smart air conditioning, and integrated energy management systems[13]. - The acquisition of Zhongyi (BVI) International Limited has enabled the group to enter the wind farm operation and maintenance business, enhancing its competitive edge[13]. - The company has completed the acquisition of Zhongyi (BVI) International Limited, expanding its operations into wind farm maintenance services[19]. - The company plans to contribute approximately RMB 25.4 million from the wind farm operation and maintenance business starting March 2024, which will account for about 20.8% of total revenue[23]. - The company is focusing on broadband dual-mode communication technology for electricity information collection systems and low-voltage distribution networks, aiming to enhance competitiveness in domestic markets[55]. - The company is expanding its wind power operation and maintenance services, including maintenance and replacement projects, as existing contracts' warranty periods will expire between 2026 and 2029[59]. Research and Development - Research and development expenses increased by approximately 10.8% to RMB 22.6 million, primarily due to costs associated with the new broadband dual-mode products[34]. - The company aims to enhance its capabilities in power line carrier communication technology and R&D to improve the functionality and features of its automatic meter reading products[96]. - The company aims to leverage its R&D resources and collaborate with external firms to develop proprietary smart factory applications and integrate big data platforms, enhancing core competitiveness[58]. Corporate Governance and Leadership - The group aims to maintain a lean cost strategy to mitigate future risks and pressures while enhancing corporate governance[14]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic appointments in the board[67]. - The board includes members with diverse backgrounds in law, finance, and management, contributing to a well-rounded governance structure[70]. - The company has established a strong leadership team with a mix of experience in various sectors, positioning itself for future growth[71]. - The board has established the company's purpose, values, and strategies, promoting a complementary culture within the group[162]. - The company has received annual confirmations of independence from all independent non-executive directors, affirming their compliance with independence guidelines[178]. - The company has adopted a board diversity policy, aiming to enhance the diversity of the board as a key factor in maintaining competitive advantage[192]. Employee and Training Initiatives - The company has maintained a stable core management team and is committed to employee training and development[92]. - The company provides regular and onboarding training to employees, emphasizing continuous skill development through R&D capabilities[154]. - Employee costs, including director remuneration, amounted to RMB 41.9 million for the year, compared to RMB 36.2 million in 2023, reflecting an increase of approximately 20.8%[154]. Financial Position and Liabilities - As of December 31, 2024, the company's current assets were approximately RMB 108.1 million, down from RMB 152.5 million on December 31, 2023[41]. - The total interest-bearing liabilities amounted to RMB 247.1 million as of December 31, 2024, an increase from RMB 194.0 million on December 31, 2023[42]. - The net debt-to-equity ratio was approximately -208% as of December 31, 2024, compared to -458% on December 31, 2023[42]. - The company has no capital commitments as of December 31, 2024, compared to RMB 1.83 million on December 31, 2023[45]. - The company has no contingent liabilities as of December 31, 2024, consistent with the previous year[46]. Share Capital and Dividends - The company has issued a total share capital of approximately HKD 255,729, with 255,728,860 ordinary shares at a par value of HKD 0.001 each as of December 31, 2024[88]. - The company has not issued any debentures during the review period[89]. - The company has adopted a dividend policy intending to distribute at least 30% of the profit attributable to equity shareholders as dividends, subject to financial conditions[99]. - No final dividend has been recommended for the review year[103]. - As of December 31, 2024, the company's distributable reserves, including share premium and accumulated losses, are zero[104]. Compliance and Regulatory Matters - The audit committee has reviewed the financial performance for the year, ensuring compliance with accounting principles and standards[158]. - The financial statements for the year ended December 31, 2024, were audited by Shinewing (HK) CPA Limited, which was appointed to fill a vacancy after the resignation of another firm[159]. - The company has complied with listing rules regarding the appointment of at least three independent non-executive directors, representing one-third of the board[174]. - The company has not disclosed any changes in director information that require disclosure under the listing rules[106]. - No related party transactions were reported that would constitute continuous connected transactions during the review year[138].

Revenue Performance - Revenue for the year reached approximately RMB 122.3 million, an increase of about 28.9% compared to RMB 94.9 million in 2023[3] - Revenue from automatic meter reading and other business segments increased by approximately 58% to about RMB 67.1 million, up from RMB 42.3 million in 2023[3] - Revenue from smart manufacturing and industrial automation decreased by approximately 43% to about RMB 29.8 million, down from RMB 52.5 million in 2023[3] - The revenue from wind farm maintenance was approximately RMB 25.4 million for the year[3] - The total revenue for 2024 is RMB 122,298,000, compared to RMB 94,868,000 in 2023, representing a year-over-year increase of approximately 29%[21] - The revenue from the power line carrier communication module reached RMB 30,755,000 in 2024, a significant increase from RMB 11,167,000 in 2023, marking an increase of about 175%[21] - The revenue from smart manufacturing and industrial automation software licensing was RMB 23,749,000 in 2024, down from RMB 36,023,000 in 2023, indicating a decrease of approximately 34%[21] - The total revenue from the automatic meter reading and other businesses was RMB 67,075,000 in 2024, up from RMB 42,337,000 in 2023, reflecting an increase of approximately 58%[21] - The revenue from wind farm maintenance services was RMB 25,384,000 in 2024, with no revenue reported for 2023, indicating a new revenue stream[21] Financial Losses and Improvements - The net loss attributable to equity shareholders for the year was approximately RMB 73.5 million, compared to a net loss of RMB 138.5 million in 2023[3] - Basic loss per share for the year was approximately RMB 28.76, improved from RMB 62.65 in 2023[3] - The total comprehensive loss for the year ended December 31, 2024, was RMB 76,813,000, compared to RMB 146,571,000 in 2023, indicating a 47.6% improvement[6] - The net loss attributable to the company's shareholders for 2024 was RMB 73,543,000, a decrease from RMB 143,648,000 in 2023, reflecting a 48.7% reduction[6] - The company reported a total loss before tax of RMB 72,235 for the fiscal year 2024, compared to a loss of RMB 120,436 in 2023, indicating an improvement[27] - The annual loss for the group was RMB 73,543,000 for 2024, compared to RMB 138,514,000 for 2023, indicating a significant reduction in losses[35] Assets and Liabilities - The company's total assets as of December 31, 2024, amounted to RMB 236,573,000, down from RMB 250,488,000 in 2023, representing a 5.5% decline[7] - The total liabilities decreased from RMB 111,346,000 in 2023 to RMB 105,701,000 in 2024, showing a 5.9% reduction[7] - The company's cash and cash equivalents decreased from RMB 35,919,000 in 2023 to RMB 15,183,000 in 2024, a decline of 57.8%[7] - As of December 31, 2024, the company's current liabilities net amount was approximately RMB 181,005,000, and total liabilities net amount was approximately RMB 111,346,000[13] - The total amount of current liabilities was RMB 289,134,000, an increase from RMB 170,399,000 in 2023, representing a growth of 69.5%[13] - The total amount of non-current liabilities decreased from RMB 114,622,000 in 2023 to RMB 58,785,000 in 2024, a reduction of 48.7%[13] - The total interest-bearing liabilities amounted to RMB 247.1 million as of December 31, 2024, compared to RMB 194.0 million as of December 31, 2023, with a net debt-to-equity ratio of approximately -208%[76] Operational Strategies and Challenges - The company has implemented cost control measures and timely collection of receivables to generate sufficient operating cash flow[13] - The board believes that the company will have adequate financial resources to meet its operational funding needs for the next twelve months[14] - The company continues to face significant uncertainty regarding its ability to execute its plans and measures[15] - The group is actively negotiating with lenders to extend the maturity of other borrowings, including RMB 146 million that does not need to be repaid within the next 12 months[17] - The group is exploring potential asset sale opportunities to generate liquidity, including repayment of borrowings[17] - The company is focusing on maintaining its operational plans to ensure business continuity despite the financial challenges[14] Segment Performance - The company has three reportable segments: automatic meter reading and other businesses, smart manufacturing and industrial automation, and wind farm maintenance services[23] - The reported performance for the Smart Manufacturing and Industrial Automation segment showed a loss of RMB 10,133, while the Automatic Meter Reading and Other Businesses segment incurred a loss of RMB 47,526[26] - The smart manufacturing and industrial automation business segment recorded revenue of approximately RMB 29.8 million, a decrease of about 43.2% from RMB 52.5 million in 2023, accounting for approximately 24.4% of the group's total revenue[56] - The Automatic Meter Reading and Other Businesses segment reported revenue of RMB 29,839 for the fiscal year 2024, showing growth from the previous year[26] Research and Development - Research and development expenses amounted to RMB 22,613,000 in 2024, up from RMB 20,406,000 in 2023, reflecting a year-over-year increase of approximately 10.8%[32] - The company’s intangible asset amortization for 2024 was RMB 7,483, compared to RMB 12,569 in 2023, indicating a reduction in amortization expenses[26] - The company has a substantial intellectual property portfolio, including 23 patents, 137 software copyrights, and 9 registered integrated circuit layout designs[59] - The group plans to leverage its proprietary technology and intellectual property to capture opportunities in industrial automation systems, particularly in the oil and petrochemical industries[93] Employee and Governance - The group had a total of 56 employees, a decrease from 155 employees as of December 31, 2023[109] - Employee costs, including director remuneration, amounted to approximately RMB 41.9 million for the review year, compared to approximately RMB 36.2 million in 2023, reflecting an increase of about 20.5%[109] - The group is committed to providing regular and onboarding training for employees to enhance their skills and capabilities[110] - The group has implemented a stock option plan to incentivize qualified participants, including employees, contributing to the group's business achievements[110] - The company has adhered to all applicable corporate governance code provisions during the review year[98] Future Outlook and Market Trends - The demand for broadband dual-mode communication modules is projected to be around 89 million units for the State Grid in 2024, maintaining a similar demand level compared to 2023[46] - The Southern Power Grid's demand for broadband communication modules is expected to exceed 10 million units in 2024, consistent with the previous year's demand[46] - The company aims to expand its broadband dual-mode communication products into more provincial markets, enhancing competitiveness in the domestic market[89] - The new generation of smart meters is expected to see steady growth in demand, driven by the construction of a new energy-based power system[86] - The market for power line carrier communication technology is projected to maintain a positive growth trend, particularly in the oil and petrochemical sectors[91] - The industrial automation market in China is anticipated to continue healthy growth due to low penetration rates and rising labor costs[92]

Revenue Performance - Revenue for the year reached approximately RMB 122.3 million, an increase of about 28.9% compared to RMB 94.9 million in 2023[3] - Revenue from automatic meter reading and other business segments increased by approximately 58% to about RMB 67.1 million, up from RMB 42.3 million in 2023[3] - Revenue from smart manufacturing and industrial automation decreased by approximately 43% to about RMB 29.8 million, down from RMB 52.5 million in 2023[3] - The revenue from wind farm maintenance was approximately RMB 25.4 million for the year[3] - The total revenue for 2024 is RMB 122,298,000, compared to RMB 94,868,000 in 2023, representing a year-over-year increase of approximately 29%[21] - The total revenue from the automatic meter reading and other businesses segment is RMB 67,075,000 in 2024, up from RMB 42,337,000 in 2023, reflecting an increase of approximately 58%[21] - The revenue from wind farm maintenance services is RMB 25,384,000 in 2024, with no revenue reported in 2023, indicating the establishment of this service line[21] - The revenue from power line carrier communication modules increased significantly to RMB 30,755,000 in 2024 from RMB 11,167,000 in 2023, marking an increase of approximately 175%[21] - The revenue from power line carrier chips decreased to RMB 4,443,000 in 2024 from RMB 7,977,000 in 2023, a decline of about 44%[21] - The revenue from smart manufacturing and industrial automation software licensing decreased to RMB 23,749,000 in 2024 from RMB 36,023,000 in 2023, a decline of about 34%[21] Financial Losses and Equity - The net loss attributable to equity shareholders for the year was approximately RMB 73.5 million, compared to a net loss of RMB 138.5 million in 2023[3] - Basic loss per share for the year was approximately RMB 28.76, compared to RMB 62.65 in 2023[3] - The company reported a total comprehensive loss of RMB 76,813,000 for the year ended December 31, 2024, compared to a loss of RMB 146,571,000 in 2023, indicating a 47.6% improvement year-over-year[6] - The basic and diluted loss per share for the year was RMB 28.76, a decrease from RMB 62.65 in 2023, reflecting a 54.3% reduction in losses per share[6] - The company recorded a loss of RMB 73,543,000 attributable to owners in 2024, down from RMB 143,648,000 in 2023, marking a 48.8% improvement[6] - The group reported a significant increase in revenue from the Automatic Meter Reading segment, rising from RMB 42,337,000 in 2023 to RMB 29,839,000 in 2024[26] - The company recorded a loss attributable to equity shareholders of approximately RMB 73.5 million for the review year, compared to a loss of approximately RMB 138.5 million in the same period of 2023[73] Assets and Liabilities - Total assets decreased to RMB 236,573,000 in 2024 from RMB 250,488,000 in 2023, representing a decline of 5.5%[7] - Current assets decreased significantly from RMB 152,513,000 in 2023 to RMB 108,129,000 in 2024, a decline of 29.1%[7] - The company’s cash and cash equivalents decreased from RMB 35,919,000 in 2023 to RMB 15,183,000 in 2024, a drop of 57.8%[7] - The total equity attributable to the owners of the company was RMB 111,346,000 in 2024, compared to RMB 34,533,000 in 2023, indicating a significant increase in equity[7] - The company’s total liabilities decreased from RMB 105,701,000 in 2023 to RMB 105,923,000 in 2024, reflecting a slight increase of 0.2%[7] - The total amount of current liabilities increased from RMB 170,399,000 in 2023 to RMB 289,134,000 in 2024, representing a growth of 69.5%[8] - The company's total debt decreased from RMB 114,622,000 in 2023 to RMB 58,785,000 in 2024, a reduction of 48.7%[8] - The company’s goodwill remained unchanged at RMB 12,000,000, indicating stability in intangible assets[7] Operational Strategies and Future Outlook - The company has implemented cost control measures and timely collection of receivables to improve cash flow[14] - The board believes that the company will have sufficient financial resources to meet its operational funding needs for the next twelve months[14] - The company continues to face significant uncertainty regarding its ability to execute its plans and measures[15] - The group is actively negotiating with lenders to extend the maturity of other borrowings, including RMB 1,460,000,000 that does not need to be repaid within the next 12 months[17] - The group is exploring potential asset sale opportunities to generate liquidity, including repayment of borrowings[17] - The company is focused on expanding its services in energy management and renewable energy solutions, particularly in wind farm operations[26] - The company aims to expand its broadband dual-mode communication products in domestic markets, focusing on smart distribution and energy management applications[89] - The group plans to leverage its proprietary technology and intellectual property to capture opportunities in industrial automation systems, particularly in the oil and petrochemical industries[93] Employee and Governance - The company has implemented a stock option plan to incentivize qualified participants, including employees, contributing to the group's business achievements[110] - The group provides regular and onboarding training to employees, emphasizing continuous skill development[110] - The company is committed to maintaining competitive compensation packages for all employees based on individual performance and current market salary levels[109] - The audit committee has reviewed the group's financial performance for the review year, ensuring compliance with accounting principles and regulations[112] - The independent auditor confirmed that the financial statements for the year ending December 31, 2024, were consistent with the amounts audited[114] - The company has adhered to all applicable corporate governance code provisions during the review year[98] Market Trends and Opportunities - The demand for broadband dual-mode communication modules is expected to reach approximately 89 million units for the State Grid in 2024, maintaining a steady demand compared to 2023[46] - The Southern Power Grid's demand for broadband communication modules in low-voltage collection systems is projected to exceed 10 million units, consistent with the previous year's demand[46] - The company is actively participating in the digital transformation of the power grid, enhancing smart transmission and distribution capabilities[45] - The market for power line carrier communication technology is expected to maintain a positive growth trend, driven by government support for smart grid and smart city initiatives[91] - The industrial automation market in China is projected to continue healthy growth due to low penetration rates and rising labor costs[92] - The maintenance service expenditure for China's wind power operation and maintenance market reached approximately $16 billion from 2015 to 2022[94] - The demand for maintenance services is expected to increase significantly as many wind turbines exit their warranty periods, creating a substantial maintenance market[95]

Market Demand and Technology - The number of tenders for the power data collection system is approximately 46.5 million, representing a year-on-year increase of about 75.5% compared to the same period in 2023[11]. - The projected demand for broadband dual-mode communication modules from the State Grid in 2024 is expected to exceed 80 million units[11]. - The implementation of the dual-mode technology (HPLC+HRF) is set to meet the new power system's communication performance requirements, with all tenders for the power data collection system in the next three years being for broadband dual-mode communication technology products[11]. - The demand for broadband dual-mode communication technology is expected to grow significantly as the Southern Power Grid accelerates its digital transformation[11]. - The broadband power line carrier communication technology has been widely applied in various fields, including distribution automation and smart grids, enhancing the performance requirements for communication speed and data capacity[11]. Financial Performance - The group's revenue for the period was approximately RMB 41.4 million, an increase of about 18.1% compared to RMB 35.1 million in the same period of 2023[16]. - The automatic meter reading and other business segment recorded revenue of approximately RMB 18.3 million, up approximately 130.4% from RMB 7.9 million in the same period of 2023, accounting for about 44.1% of total revenue[16]. - The smart manufacturing and industrial automation segment reported revenue of approximately RMB 14.4 million, a decrease of about 46.9% from RMB 27.2 million in the same period of 2023, accounting for about 34.8% of total revenue[17]. - The wind farm maintenance business segment generated revenue of approximately RMB 8.8 million, accounting for about 21.1% of total revenue, with long-term maintenance service contracts signed with six wind farm owners totaling approximately RMB 1,293 million[18]. - The group recorded a loss attributable to owners of approximately RMB 24.7 million, down from RMB 32.9 million in the same period of 2023, mainly due to increased gross profit from the automatic meter reading business and contributions from the wind farm maintenance business[18]. Research and Development - The group has developed proprietary integrated circuit design and advanced power line carrier communication technology for automatic meter reading systems[16]. - Research and development team expanded to 53 employees as of June 30, 2024, up from 48 employees in 2023, representing about 34% of total staff[21]. - The company established a significant intellectual property portfolio, including 20 patents and 129 software copyrights[21]. - The company aims to enhance its expertise in integrated solutions for smart factories in oil refining and pipeline construction, leveraging its technology and intellectual property[43]. Cost Management and Financial Strategy - The group has maintained a lean cost strategy to reduce operating expenses, particularly in administrative and R&D personnel costs[18]. - Financing costs decreased by approximately 53.7% from RMB 9.6 million in 2023 to RMB 4.5 million in the current period[27]. - The company is implementing cost control measures and timely collection of receivables to improve cash flow and meet current and future obligations[87]. - The company plans to raise new funds through equity financing to support its operations and financial obligations[87]. Corporate Governance and Shareholder Information - The company’s board is committed to maintaining a robust and transparent corporate governance framework and has complied with the corporate governance code[56]. - Major shareholders include SB Asia Investment Fund II L.P. and Cisco System, Inc., each holding approximately 6.96% of the issued share capital[46]. - The company’s executive director, Ding Zhigang, holds 34,070,092 shares, representing 13.32% of the total issued shares[44]. - The company’s major shareholder, Cisco Systems, Inc., holds a 38.9% stake in the company[3]. Acquisitions and Investments - The acquisition of Zhongyi (BVI) was completed on March 27, 2024, for a total consideration of RMB 110,000,000, making Zhongyi an indirect wholly-owned subsidiary[58]. - The group acquired 100% of the issued share capital of Zhongyi (BVI) for a total consideration of RMB 110 million, primarily consisting of identifiable assets related to wind farm operation contracts[94]. Market Trends and Future Outlook - The company anticipates positive impacts on its industry due to the rapid growth in demand for charging piles and energy storage driven by the integration of new energy and distributed photovoltaic generation[12]. - The company is focused on enhancing its competitive advantage by providing comprehensive solutions in the wind farm maintenance service sector[16]. - The domestic wind power service market is expected to see significant growth, with total expenditures reaching $16 billion from 2015 to 2022, driven by the expiration of warranty periods for wind turbines[43]. - The company is expanding its wind farm maintenance services, including maintenance and replacement projects, with existing contracts' warranty periods ending between 2026 and 2029[43].