Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 120,374,000, representing a 55.6% increase from RMB 77,377,000 in the same period of 2023[1] - Gross profit for the same period was RMB 25,422,000, up 29.2% from RMB 19,670,000 year-on-year[1] - Profit for the period surged to RMB 7,436,000, a remarkable increase of 782.1% compared to RMB 843,000 in the previous year[1] - Basic and diluted earnings per share increased to RMB 0.63, a 600.0% rise from RMB 0.09 in the prior period[1] - Total comprehensive income for the period was RMB 7,623,000, compared to RMB 1,902,000 in the same period last year[2] - The consolidated profit before tax for the six months ended June 30, 2024, was RMB 10,299 thousand, compared to RMB 3,303 thousand for the same period in 2023, representing an increase of approximately 211.5%[15][16] - The company's profit for the six months ended June 30, 2024, was approximately RMB 7,436,000, a significant increase from RMB 843,000 in the same period of 2023[51] Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to RMB 36,537,000, an increase from RMB 28,618,000 as of December 31, 2023[6] - Current assets totaled RMB 201,242,000, up from RMB 193,242,000 at the end of 2023[6] - Net assets increased to RMB 216,885,000 from RMB 200,648,000 at the end of the previous year[7] - Trade and other receivables rose to RMB 150,532,000 from RMB 139,200,000[6] - Trade receivables amounted to RMB 113,546,000 as of June 30, 2024, slightly down from RMB 114,241,000 as of December 31, 2023[34] - The company recognized a credit loss provision of RMB 20,281,000 against trade receivables, resulting in a net trade receivables balance of RMB 94,690,000[34] - The company’s total liabilities as of June 30, 2024, were RMB 17,347,000, compared to RMB 17,562,000 as of December 31, 2023[36] Revenue Segmentation - For the six months ended June 30, 2024, total reported segment revenue was RMB 121,842 thousand, an increase from RMB 77,377 thousand for the same period in 2023, representing a growth of approximately 57.3%[15][16] - The segment revenue from import and export agency services was RMB 3,079 thousand for the six months ended June 30, 2024, compared to RMB 3,068 thousand in the same period of 2023, showing a slight increase of 0.4%[15][16] - The land container and bulk stone transportation services segment generated revenue of RMB 8,641 thousand for the six months ended June 30, 2024, up from RMB 8,402 thousand in 2023, reflecting a growth of 2.8%[15][16] - The revenue from port logistics services was RMB 26,843 thousand for the six months ended June 30, 2024, compared to RMB 25,107 thousand in 2023, indicating an increase of 6.9%[15][16] - The port container transportation services segment reported revenue of RMB 35,967 thousand for the six months ended June 30, 2024, down from RMB 37,418 thousand in 2023, a decrease of 3.9%[15][16] - The construction materials and automotive parts trading segment achieved revenue of RMB 47,312 thousand for the six months ended June 30, 2024, compared to RMB 3,382 thousand in 2023, a significant increase of 1,300%[15][16] - Supply chain operations revenue increased by 1,255.5% to RMB 45,844,000, driven mainly by the recovery of construction materials trade with several clients[46] Expenses and Financial Management - The company reported a significant reduction in financing costs, decreasing from RMB 131,000 to RMB 34,000[3] - The company incurred interest expenses of RMB 131,000 in the previous period, which decreased to RMB 29,000 in the current period, reflecting improved financial management[25] - The administrative expenses increased slightly to RMB 13,595,000 from RMB 12,913,000 year-over-year, indicating a focus on operational efficiency[21] - Employee costs for the six months ended June 30, 2024, were approximately RMB 45,839,000, slightly up from RMB 45,359,000 in the same period of 2023[47] - Administrative expenses for the same period were approximately RMB 15,219,000, compared to RMB 15,108,000 in the previous year[48] - The income tax expense for the six months ended June 30, 2024, was approximately RMB 2,863,000, compared to RMB 2,460,000 for the same period in 2023[49] Corporate Governance and Compliance - The company did not apply any new accounting standards or interpretations that were not yet effective during the reporting period, ensuring consistency in financial reporting[11] - The company reported no significant impact on its financial position or performance from the application of revised Hong Kong Financial Reporting Standards during the interim period[11] - The company’s major operating decision-makers regularly review revenue and results analysis for resource allocation and performance assessment, focusing on the types of services and goods delivered[12][14] - The company believes it has adopted and complied with the principles of the Corporate Governance Code as of June 30, 2024[72] - The Audit Committee has been established in accordance with Listing Rule 3.21 and is responsible for ensuring effective internal controls and risk management[73] Future Plans and Market Position - The company plans to continue expanding its service offerings in import-export agency services and logistics, aiming for further revenue growth in the upcoming periods[23] - The company aims to enhance its supply chain operations in response to the complex international environment and domestic infrastructure needs[64] - The company is focused on solidifying its port services business by leveraging its long-term experience and exploring overseas opportunities, including establishing a wholly-owned subsidiary in Peru[65] Shareholder Information - The company did not declare or propose any dividends for the six months ended June 30, 2024[29] - The company completed a placement of 80,000,000 shares at a price of HKD 0.12 per share, raising approximately HKD 9.6 million for general operational purposes[50] - The weighted average number of ordinary shares increased from 1,200,000,000 in 2023 to 1,207,472,527 in 2024 due to share placements[32] - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[66] - There were no purchases, redemptions, or sales of the company's shares by the company or its subsidiaries during the six months ended June 30, 2024[67]

Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately RMB 175,556,000, a decrease of 26.0% compared to RMB 237,273,000 in 2022[15]. - Gross profit increased by 16.7% to approximately RMB 37,297,000, up from RMB 31,967,000 in the previous year[16]. - Net profit for the year was approximately RMB 10,521,000, reflecting a 4.3% increase from RMB 10,084,000 in 2022[16]. - The logistics services revenue decreased by 51.0% year-on-year, totaling RMB 25,085,000 in 2023 compared to RMB 51,157,000 in 2022[21]. - The total revenue from supply chain operations decreased by 70.6%, reaching RMB 14,899,000 in 2023 compared to RMB 50,644,000 in 2022[23]. - Employee costs were approximately RMB 91,222,000 in 2023, down from RMB 109,126,000 in 2022[24]. - Administrative expenses amounted to RMB 19,830,000 in 2023, a decrease from RMB 23,091,000 in 2022[25]. - The annual profit for 2023 was approximately RMB 10,521,000, showing a slight increase from RMB 10,084,000 in 2022[29]. Operational Highlights - The company's port logistics services saw a 2.5% increase in container throughput, totaling 3,889,024 TEUs compared to 3,794,017 TEUs in the previous year[18]. - The domestic trade business within Xiamen Port experienced a significant growth of 25.7%, while the overall throughput remained stable at 12.5 million TEUs[20]. - The logistics service revenue from port logistics and transportation services remained stable, with a slight increase of 0.1% to RMB 135,572,000 compared to RMB 135,472,000 in 2022[19]. - The volume of land transportation services saw a decline of 21.5% in heavy container transport, with 10,225 TEUs in 2023 compared to 13,030 TEUs in 2022[21]. - The import and export agency services volume dropped by 38.3%, with 8,137 TEUs in 2023 compared to 13,188 TEUs in 2022[21]. Strategic Initiatives - The company plans to enhance management and optimize production processes to improve efficiency and meet market demands[11]. - Future focus includes the timely restart of supply chain operations primarily related to sand and gravel materials, contingent on the recovery of the domestic infrastructure and real estate markets[11]. - The company is exploring the feasibility of implementing autonomous driving solutions in port transportation services[11]. - The company aims to strengthen and expand its port services by collaborating with major operators in the Xiamen area and enhancing connectivity in the Wuhan Yangluo port area[50]. - The company is targeting dual growth in revenue and profitability for 2024 through strategic initiatives in supply chain and port services[51]. Corporate Governance - The board of directors consists of five members, including two executive directors and three independent non-executive directors, complying with the listing rules regarding board composition[62]. - The company has adopted and complied with the corporate governance code as of December 31, 2023, ensuring high standards of corporate governance[57]. - The board has established corporate governance policies and practices, ensuring compliance with legal and regulatory requirements[74]. - The company has established an audit committee, a remuneration committee, and a nomination committee, all composed solely of independent non-executive directors[62]. - The board emphasizes constructive communication among members and with senior management to ensure effective governance[68]. Environmental, Social, and Governance (ESG) Efforts - The company’s ESG report is structured around seven key performance indicator (KPI) themes relevant to its operations[124]. - The company has established an ESG committee to implement ESG policies, collect relevant data, and review key performance indicators[119]. - The company identified key ESG issues based on stakeholder communication, considering factors such as business nature, geographical location, regulatory requirements, and operational practices[139]. - The company's greenhouse gas emissions decreased significantly, with Scope 1 emissions at 5,941 tons of CO2 in 2023, down from 7,112 tons in 2022, representing a reduction of approximately 16.5%[161]. - The total water consumption was reported at 3,250 cubic meters in 2023, down from 4,218 cubic meters in 2022, indicating a reduction of approximately 29%[161]. Employee and Labor Relations - The employee count as of December 31, 2023, is 846, a decrease from 929 in 2022[174]. - The employee turnover rate for 2023 is 54%, compared to 49% in 2022[174]. - The company is committed to maintaining a fair employment environment and has implemented policies to ensure equal opportunities[182]. - The company has not reported any incidents of child labor or forced labor in the current year[196]. - The company has implemented strict safety measures, including mandatory safety education and technical training for all dock workers before they can operate[187].

Financial Performance - For the year ended December 31, 2023, revenue from customer contracts was RMB 175,556,000, a decrease of 26.0% from RMB 237,273,000 in 2022[2] - Gross profit for the year was RMB 37,297,000, representing a 16.5% increase compared to RMB 31,967,000 in the previous year[2] - Operating profit increased slightly to RMB 17,845,000, up from RMB 17,184,000 in 2022, reflecting a growth of 3.8%[2] - The net profit for the year was RMB 10,521,000, a 4.3% increase from RMB 10,084,000 in 2022[2] - Total comprehensive income for the year was RMB 12,167,000, compared to RMB 10,194,000 in the previous year, marking an increase of 19.4%[3] - For the fiscal year ending December 31, 2023, total reported revenue was RMB 180,715,000, a decrease from RMB 242,668,000 in the previous year, representing a decline of approximately 25.5%[15][16] - The company reported a total pre-tax profit of RMB 17,605,000 for the fiscal year ending December 31, 2023, compared to RMB 16,533,000 in the previous year, reflecting a slight increase of 6.5%[15][16] - The company reported a pre-tax profit of RMB 21,153,000 for 2023, compared to RMB 20,509,000 in 2022, reflecting a year-on-year increase of 3.1%[22] Revenue Breakdown - Revenue from import and export agency services dropped to RMB 5,705,000 in 2023 from RMB 28,068,000 in 2022, a decline of 79.7%[24] - The revenue from land container and raw stone transportation services was RMB 19,380,000 in 2023, down from RMB 23,089,000 in 2022, a decrease of 16.8%[24] - The logistics segment, which includes port logistics services, generated revenue of RMB 54,507,000, contributing significantly to the overall revenue[15] - Revenue from inland logistics services was approximately RMB 135,572,000, showing a slight increase of 0.1% compared to RMB 135,472,000 in 2022[52] - The revenue from land transportation services decreased by 16.1% to RMB 19,380,000, while import and export agency services saw a significant decline of 79.7% to RMB 5,705,000, leading to a total logistics service revenue drop of 51.0%[55] - The revenue from heavy truck tires and parts trade fell by 70.8% to RMB 1,492,000, and building materials trade revenue decreased by 60.8% to RMB 13,407,000, resulting in a total supply chain operation revenue decline of 70.6% to RMB 14,899,000[56][57] Cost Management - The company’s administrative expenses for the fiscal year were RMB 19,830,000, which is a decrease from the previous year's RMB 23,091,000, indicating improved cost management[15][16] - The total administrative expenses for 2023 were RMB 15,960,000, down from RMB 19,115,000 in 2022, indicating cost control measures[22] - The company reported a significant reduction in financing costs, decreasing to RMB 240,000 from RMB 651,000, a drop of 63.1%[2] - Employee costs for the year were approximately RMB 91,222,000, down from RMB 109,126,000 in 2022[58] Asset Management - Cash and cash equivalents increased significantly to RMB 49,794,000 from RMB 28,220,000, representing a growth of 76.5%[5] - Trade and other receivables rose to RMB 139,200,000 from RMB 126,288,000, an increase of 10.2%[5] - The company's total assets increased to RMB 201,325,000 from RMB 162,407,000, reflecting a growth of 24.0%[5] - The total trade receivables decreased to RMB 114,241,000 in 2023 from RMB 122,989,000 in 2022, a decline of approximately 7.2%[32] - As of December 31, 2023, the company had net current assets of approximately RMB 172,707,000, an increase from RMB 129,044,000 in 2022, with cash and cash equivalents rising to RMB 49,794,000 from RMB 28,220,000[62] Strategic Focus - The company’s strategy includes focusing on enhancing service delivery in various operational segments, including land container transport and construction material trading[14] - The company plans to focus on enhancing management and optimizing production processes to improve efficiency and meet market demands[46] - The company will closely monitor the recovery of the domestic infrastructure and real estate markets to potentially restart supply chain operations focused on sand and gravel[46] - The company has decided to pause plans for land acquisition in Xiamen Port for a comprehensive logistics center until market conditions become clearer[44] - The company aims to strengthen communication with port terminals and seek new cooperation projects[50] Governance and Compliance - The audit committee reviewed the financial statements for the year ending December 31, 2023, ensuring compliance with applicable accounting standards and regulations[87] - The company has adopted and complied with the corporate governance code as per the listing rules for the year ending December 31, 2023[75] - The company has maintained good relationships with customers, employees, and investors, complying with all relevant laws and regulations during the review period[80] - The company did not engage in any significant acquisitions or disposals during the year[66] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year[79] - There were no significant events affecting the group after the reporting period up to the announcement date[81] Dividends and Shareholder Returns - The company did not declare any dividends for the year ended December 31, 2023, consistent with the previous year[28] - The board did not recommend any final dividend for the year ending December 31, 2023, consistent with the previous year[78] Other Financial Metrics - Basic and diluted earnings per share decreased to RMB 0.93 from RMB 1.02, a decline of 8.8%[3] - The company experienced a net impairment loss of RMB 681,000 on trade receivables, reflecting challenges in receivables management[17] - The net impairment loss on trade receivables for 2023 was RMB 681,000, significantly lower than RMB 6,233,000 in 2022, reflecting improved credit management[22] - Interest income from bank deposits amounted to RMB 758,000, while interest expenses totaled RMB 240,000, resulting in a net interest income of RMB 518,000[17] - The company reported no contingent liabilities as of December 31, 2023[74]

Financial Performance - The company's revenue for the six months ended June 30, 2023, was approximately RMB 77,377,000, a decrease of 41.5% compared to RMB 132,174,000 in the same period last year[6]. - Gross profit for the same period was approximately RMB 19,670,000, down 25.0% from RMB 26,244,000 year-on-year[6]. - Net profit for the six months ended June 30, 2023, was approximately RMB 843,000, representing a significant decline of 87.3% compared to RMB 6,655,000 in the previous year[6]. - Operating profit decreased to RMB 3,434 thousand, a decline of 67.7% from RMB 10,620 thousand in the previous year[51]. - The company reported a consolidated profit before tax of RMB 3,303,000 for the first half of 2023, compared to RMB 10,248,000 for the same period in 2022, representing a decline of 67.8%[66][68]. Revenue Breakdown - Revenue from port logistics services decreased by 9.7% to RMB 62,525,000, with the main reason being a decline in operational volume at key terminals[11]. - Revenue from logistics services fell by 61.4% to RMB 11,470,000, primarily due to a significant reduction in heavy container transport and import-export agency services[14]. - Revenue from supply chain operations decreased by 89.8% to RMB 3,382,000, mainly due to the suspension of transactions with certain long-term overdue accounts receivable clients[17]. - Revenue from external customers for the construction materials and automotive parts trading segment was RMB 77,377,000 for the first half of 2023, down from RMB 132,174,000 in the same period of 2022, indicating a decrease of 41.4%[66][68]. Operational Challenges - The decline in revenue and profit was primarily due to the company's proactive reduction of supply chain operations to lower accounts receivable risks and a decrease in port and logistics services due to economic conditions[6]. - Container throughput in port logistics services decreased by 3.2% to 2,037,438 TEUs, while general cargo throughput dropped significantly by 73.2% to 355,325 tons[10]. - The overall economic environment remains complex, with significant downward pressure on economic growth, as evidenced by a 5% year-on-year decline in corporate income tax revenue in the first half of 2023[40]. Cost Management - Employee costs for the six months ended June 30, 2023, were approximately RMB 45,359,000, down from RMB 49,575,000 in the same period last year, with a reduction in headcount from 973 to 879 employees[18]. - Administrative expenses for the same period were approximately RMB 15,108,000, slightly down from RMB 15,496,000 year-on-year[19]. - The company’s financing costs for the first half of 2023 were RMB 131,000, compared to RMB 372,000 in the same period of 2022, reflecting a reduction of 64.8%[66][68]. Asset and Liabilities Management - As of June 30, 2023, the group had net current assets of approximately RMB 162,025,000, an increase from RMB 129,044,000 as of December 31, 2022[25]. - The group had cash and cash equivalents of approximately RMB 55,870,000 as of June 30, 2023, compared to RMB 28,220,000 as of December 31, 2022[25]. - The group had no bank loans as of June 30, 2023, compared to RMB 8,000,000 in bank loans as of December 31, 2022[26]. - The company has no asset pledges or contingent liabilities as of June 30, 2023[39]. Future Plans and Strategies - The company plans to restart supply chain operations focused on construction materials to adapt to the changing international environment and stimulate domestic demand[48]. - A three-year cooperation agreement has been signed with two major port operators in Xiamen to stabilize the port services business, with new terminal constructions in Quanzhou and Wuhan expected to contribute to growth[49]. - The company aims to narrow the decline in revenue and profit for the full year 2023 compared to the first half of the year[49]. Shareholder Information - The company completed a placement of 200,000,000 shares at a price of HKD 0.16 per share, raising approximately HKD 32,000,000, with a net amount of HKD 31,300,000[23]. - The major shareholder, Mr. Cheng Youguo, holds 562,500,000 shares, representing 46.88% of the company[103]. - The average number of ordinary shares in issue for the calculation of basic earnings per share increased to 1,200,000,000 for the six months ended June 30, 2023, from 1,000,000,000 in the same period of 2022[85]. Economic Context - In the first half of 2023, China's total import and export volume reached 29.2 trillion USD, a decrease of 4.7% year-on-year, with exports at 16.6 trillion USD (down 3.2%) and imports at 12.5 trillion USD (down 6.7%)[41]. - The average urban unemployment rate in China for the first half of 2023 was 5.3%, with the unemployment rate for the 16-24 age group reaching 21.3% in June 2023, indicating significant challenges in enhancing consumer spending power[42]. - Fixed asset investment growth in China was 3.8% year-on-year in the first half of 2023, marking a decline from 5.1% in the first quarter, the lowest since 2021[43].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 XIANGXING INTERNATIONAL HOLDING LIMITED 象 興 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：1732） 截至二零二三年六月三十日止六個月之中期業績公告 象興國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至二零二三年六月三十日止六個月期間之未經審核簡明業績。本公告 載有本公司二零二三年中期報告全文，並符合香港聯合交易所有限公司（「聯交所」） 證券上市規則中有關中期業績初步公告附載資料之相關規定。本公司之二零二三 年中期報告將於二零二三年九月四日在聯交所網站 www.hkexnews.hk及本公司網站 www.xxlt.com.cn可供閱覽，而本公司之二零二三年中期報告之印刷版本將於適當時 候寄發予本公司股東。 承董事會命 象興國際控股有限公司 主席 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 XIANGXING INTERNATIONAL HOLDING LIMITED 1732 二零二二年報之補充公告 茲提述本公司於二零二三年四月十九日刊發之截至二零二二年十二月三十一日止年度之 年報（「二零二二年報」）。除另有說明外，本公告所用詞彙與二零二二年報中所界定者具 有相同涵義。本公告提供有關二零二二年報之補充資料，應與二零二二年報一併閱讀。 有關二零二二年報「管理層討論與分析」一節所披露本公司股份於GEM上市之所得款項淨 額用途，本公司謹此提供以下進一步資料： 自首次更改 第二次更改 所得款項用途至 所得款項用途 二零二一年 二零二一年 二零二二年一月一日至 第二次更改 根據第二次更改 至二零二二年 於二零二二年 首次更改所得款項 十二月三十一日 十二月三十一日及 第二次更改 所得款項用途 所得款項用途 十二月三十一日 十二月三十一日 悉數動用 用途時尚未動用所得 已動用的 二零二二年一月一日 所 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was approximately RMB 237.27 million, a decrease of 17.8% compared to RMB 288.68 million in 2021[15]. - Gross profit for the same period was approximately RMB 31.97 million, down 33.3% from RMB 47.93 million in the previous year[16]. - Net profit for the year was approximately RMB 10.08 million, a decline of 3.2% from RMB 10.42 million in 2021[16]. - The overall revenue from port logistics services increased by 2.5% due to the growth in port transportation services, despite the decline in overall service volume[23]. - The logistics services segment experienced a revenue increase of 27.2% year-on-year, reaching RMB 51,157,000, driven by a 75.3% increase in import and export agency services volume[24]. - Road transport service revenue decreased by 10.9% year-on-year to RMB 23,089,000, attributed to a decline in container transport volumes due to economic conditions[24]. - The supply chain operations segment saw a significant revenue decline of 56.4% year-on-year, totaling RMB 50,644,000, primarily due to reduced sales in construction materials[26]. - The group reported a net profit of approximately RMB 10,084,000, a decrease from RMB 10,415,000 in the previous year, mainly due to reduced revenue from the construction materials supply chain[31]. Operational Developments - The company's port logistics service volume decreased by 6.8% to 3,794,017 TEUs, while the port transportation service volume increased by 1.5% to 3,837,176 TEUs[19]. - The total throughput of Xiamen Port for the year 2022 was 12.4 million TEUs, representing a growth of 3.2% year-on-year[23]. - The company plans to enhance management and optimize production processes to improve efficiency and better meet market demands[11]. - The company is closely monitoring the recovery of the domestic infrastructure and real estate markets to potentially restart its supply chain operations focused on sand and gravel materials[11]. - The land acquisition for the Xiamen logistics center has made substantial progress and is expected to be implemented in 2023[9]. - The company aims to continue expanding its services while maintaining strong communication with shareholders regarding its latest developments[10]. - The company plans to restart supply chain operations in response to the complex international environment, focusing on the sand and gravel construction materials market[48]. - The company is collaborating with major port operators in Xiamen to stabilize its port service business and expects new terminal operations in Quanzhou and Wuhan in 2023[50]. Human Resources - Employee costs rose to approximately RMB 109,126,000, up from RMB 96,262,000 in the previous year[27]. - The company employed 929 staff members as of December 31, 2022, down from 963 the previous year[38]. - The gender diversity ratio in the workforce as of December 31, 2022, is 7.2% female and 92.8% male, with a target to increase the female employee ratio by 2% over the next three years[64]. - The employee turnover rate for 2022 was 49%, an improvement from 54% in 2021[173]. - The turnover rate for employees aged 30 and below was 75% in 2022, indicating a concentration of turnover in this age group[177]. - Over 80% of full-time employees received an average of 0.5 hours of training, totaling 400 hours, covering topics such as corporate governance, anti-corruption, financial management, and occupational safety[192]. Corporate Governance - The board consists of five members, including two executive directors and three independent non-executive directors, complying with the requirement of having at least one independent director with appropriate professional qualifications[62]. - The board held one annual general meeting and four regular board meetings during the year ending December 31, 2022, with attendance rates of 100% for all directors at board meetings[63]. - The company has adopted and complied with the corporate governance code as per the listing rules, ensuring high standards of corporate governance to protect shareholder interests[57]. - There were no significant violations or regulatory breaches observed by the board during 2022, indicating a well-maintained corporate culture[56]. - The independent non-executive directors confirmed their independence, and the board believes all independent directors meet the independence guidelines[66]. - The board is responsible for overall strategic direction, corporate governance, risk management, and financial reporting, delegating daily operations to management[70]. - The company has established audit, remuneration, and nomination committees, all composed of independent non-executive directors[62]. - The board encourages constructive communication among members and with senior management to ensure transparency and effective decision-making[68]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report highlights the group's commitment to sustainable development and stakeholder engagement[117]. - The group has a dedicated ESG committee responsible for implementing policies and monitoring key performance indicators related to environmental, social, and governance matters[119]. - The company has identified six key environmental, social, and governance risks that are crucial for its sustainable development planning and strategy direction[139]. - The company has implemented measures to reduce waste, including promoting paperless operations to minimize waste generation[150]. - The company is committed to using environmentally friendly cleaning products to reduce harmful substances in wastewater[148]. - The company's greenhouse gas emissions for 2022 were 7,112 tons of CO2 for direct emissions (Scope 1), a decrease of 31.4% from 10,440 tons in 2021[161]. - Indirect emissions (Scope 2) increased to 271 tons of CO2 in 2022 from 116 tons in 2021, representing a 133.6% increase[161]. - The total diesel consumption was 2,694,535 kg in 2022, a slight decrease from 2,792,073 kg in 2021, indicating a focus on reducing fuel usage[161]. Supplier Management - The company is expanding its preferred supplier scope by welcoming qualified, capable, and high-quality suppliers[200]. - The company is implementing a supplier management system to enhance operational standards and regulate supplier management[200]. - The approach to supplier management is characterized by openness and prudence[200]. - The company aims to improve the quality of its supply chain through effective management of material suppliers and logistics service providers[200]. - The focus on supplier quality is intended to elevate the overall operational level of the company[200]. - The company is committed to establishing and executing supplier management policies[200]. - The initiative reflects the company's strategy to strengthen its supply chain resilience[200]. - The supplier management system is part of the company's broader operational improvement strategy[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 XIANGXING INTERNATIONAL HOLDING LIMITED 象 興 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：1732） 截至二零二二年十二月三十一日止年度的全年業績公告 象興國際控股有限公司（「本公司」）董事會（「董事」）欣然公佈本公司及其附屬公司 （統稱「本集團」）截至二零二二年十二月三十一日止年度之經審核綜合業績，連同 截至二零二一年十二月三十一日止年度的相關比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 收益 3, 4 237,273 288,682 銷售成本 (205,306) (240,754) ...

Financial Performance - The company's revenue for the six months ended June 30, 2022, was approximately RMB 132,174,000, a decrease of about 2.4% compared to RMB 135,442,000 in the same period last year[13] - Gross profit for the same period decreased by approximately 12.5% to about RMB 26,244,000, down from RMB 30,010,000[13] - Net profit for the six months ended June 30, 2022, was approximately RMB 6,655,000, representing a decline of about 49.7% compared to RMB 13,234,000 in the previous year[13] - Operating profit decreased significantly to RMB 10,620 thousand, a decline of 44.8% from RMB 19,257 thousand in the first half of 2021[68] - Basic and diluted earnings per share were RMB 0.66, down from RMB 1.32 in the first half of 2021, indicating a 50% decline[68] - The company's earnings per share for the period showed a positive trend, contributing to the overall increase in equity and retained earnings[73] Revenue Segments - Revenue from port logistics services increased by 3.6% to RMB 69,210,000, driven by growth in major terminal operations[23] - Revenue from logistics services surged by 98.6% to RMB 29,678,000, mainly due to significant increases in heavy container transport and import-export agency services[26] - The import and export agency services generated revenue of RMB 15,920,000, while land container and raw stone transportation services contributed RMB 13,758,000[89] - The segment of port logistics services achieved revenue of RMB 30,470,000, and port container transportation services generated RMB 38,740,000[89] - The building materials and automotive parts trading segment reported revenue of RMB 33,286,000, reflecting a diverse trading business nature[89] Cost and Expenses - Employee costs for the six months ended June 30, 2022, were approximately RMB 49,575,000, an increase from RMB 42,638,000 in the same period last year, with total employees rising to 973[32] - Administrative expenses increased to approximately RMB 15,647,000 from RMB 11,204,000, primarily due to rising employee costs in port services[33] - The company reported a net cash outflow of RMB 5,908 thousand in the first half of 2022, compared to RMB 3,388 thousand in the same period of 2021, highlighting increased cash management challenges[76] - The net cash used in investing activities was RMB (5,194) thousand, a decrease from RMB 38 thousand in the previous year, indicating a shift in investment strategy[76] Current Assets and Liabilities - As of June 30, 2022, the group had net current assets of approximately RMB 123,557,000, an increase from RMB 119,014,000 as of December 31, 2021[39] - Trade receivables increased to RMB 124,918,000 as of June 30, 2022, from RMB 98,960,000 as of December 31, 2021, reflecting a growth of approximately 26.2%[121] - Total trade and notes receivables amounted to RMB 125,418,000 as of June 30, 2022, up from RMB 106,410,000 as of December 31, 2021, indicating an increase of about 17.9%[121] - Trade payables increased to RMB 8,957,000 as of June 30, 2022, compared to RMB 5,663,000 as of December 31, 2021[134] Financial Stability - The group incurred income tax expenses of approximately RMB 3,593,000 for the six months ended June 30, 2022, down from RMB 5,662,000 for the same period in 2021[37] - The total liabilities decreased slightly from RMB 7,257 thousand to RMB 6,056 thousand, indicating improved financial stability[70] - The company’s retained earnings increased to RMB 74,951 thousand as of June 30, 2022, up from RMB 68,382 thousand, reflecting positive operational performance[73] Future Outlook - The company anticipates a marginal slowdown in import and export growth in the second half of 2022 due to international inflation and weakened demand[62] - The ongoing COVID-19 pandemic remains a significant variable affecting China's economic trajectory in the second half of 2022[60] - Cost-saving measures will be prioritized in port and logistics services to adapt to declining market demand[63] Corporate Governance - The company has adopted the principles of the Corporate Governance Code as of June 30, 2022[161] - An audit committee has been established to ensure effective internal controls and risk management[162] - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2022[162] Shareholder Information - As of June 30, 2022, the company has issued 1,000,000,000 shares[151] - Mr. Cheng Youguo holds 562,500,000 shares, representing 56.25% of the company's equity[154] - Ms. Huang Meili, as the spouse of Mr. Cheng, is also considered to hold 562,500,000 shares, equating to 56.25% of the company's equity[155]

Financial Performance - The company's total revenue for the year ended December 31, 2021, was approximately RMB 288,682,000, representing a 46.0% increase compared to RMB 197,773,000 in the previous year[31]. - The gross profit for the same period was approximately RMB 47,928,000, which is a 7.4% increase from RMB 44,608,000 in the prior year[31]. - The net profit for the year decreased by 28.8% to approximately RMB 10,415,000, down from RMB 14,633,000 in the previous year, primarily due to an increase in impairment losses on receivables[31]. - The overall performance of the company was positively impacted by the stable income from port transportation and handling services, as well as the contributions from the supply chain operations[22]. - The group's annual profit decreased to approximately RMB 10,415,000 in 2021, down from RMB 14,633,000 in 2020, primarily due to increased impairment losses on receivables[50]. Operational Highlights - The company completed the handling of 4,071,698 TEUs (Twenty-foot Equivalent Units) in port services during the year, marking a growth rate of 37.1%[23]. - The supply chain operations and automotive parts trading contributed approximately RMB 116,248,000 in revenue, accounting for 40.3% of total revenue[23]. - The group's operating volume for port logistics services increased by 37.1% to 4,071,698 TEUs in 2021, compared to 2,970,536 TEUs in 2020[34]. - Total revenue for port logistics services rose by 27.9% to RMB 132,227,000 in 2021, up from RMB 103,365,000 in 2020[35]. - The overall throughput of Xiamen Port reached 12.1 million TEUs in 2021, reflecting a year-on-year growth of 5.6%[37]. Strategic Initiatives - The company plans to focus on expanding its supply chain business in the western region of China, particularly in the Chengdu economic circle, to leverage market potential[25]. - The company aims to enhance its port services in light of the new terminal construction in Quanzhou and the official launch of a new terminal in Wuhan[25]. - The company aims to expand its supply chain operations, particularly in the Chengdu area, targeting dual growth in business and profitability in 2022[68]. - The company plans to actively secure land resources in Xiamen to enhance its foreign trade services, particularly in logistics[69]. - The company is confident in achieving dual growth in revenue and profitability in 2022 through its strategic initiatives[71]. Corporate Governance - The board consists of five members, including two executive directors and three independent non-executive directors, complying with the listing rules regarding board composition[76]. - The independent non-executive directors confirmed their independence, and the board believes they meet the independence guidelines set by the listing rules[78]. - The audit committee, composed solely of independent non-executive directors, oversees the company's corporate governance functions[84]. - The company has adopted the standard code for securities transactions by directors, confirming compliance by all directors for the year ended December 31, 2021[74]. - The board is responsible for overall strategy, risk management, and internal control systems, delegating daily operations to management[81]. Employee and Workforce Management - As of December 31, 2021, the group employed 963 employees, an increase from 836 employees as of December 31, 2020[57]. - The company reported a total employee count of 963 as of December 31, 2021, up from 836 in 2020, with a turnover rate of 54% compared to 48% in 2020[193]. - The employee turnover rate increased to 54% in 2021 from 48% in 2020, with the highest turnover rate observed in the under 30 age group at 74%[197]. - The majority of employees (86%) are located in Xiamen, Fujian Province, with a turnover rate of 57% in this region[198]. - The company emphasizes the importance of recruitment and retention for sustainable development, ensuring employees understand their rights and responsibilities[200]. Environmental, Social, and Governance (ESG) Efforts - The board of directors has overall responsibility for environmental, social, and governance (ESG) matters, including risk identification and assessment, and the establishment of relevant risk management and internal control systems[125]. - The environmental, social, and governance report adheres to the Hong Kong Stock Exchange's guidelines, emphasizing the principles of materiality, quantification, balance, and consistency[123]. - The company has allocated sufficient resources for ESG activities, including a reasonable financial budget and time investment from relevant departments such as finance, operations, and human resources[133]. - The company has identified six key environmental, social, and governance (ESG) issues for reporting: emissions, climate change impact, occupational health and safety, labor standards and development, employee training and development, and anti-corruption[148]. - The company aims to fully comply with all applicable environmental protection laws and regulations, reduce its environmental impact, and minimize the use of natural resources[150]. Financial Management and Proceeds Utilization - The net proceeds from the GEM public offering amounted to approximately HKD 40.2 million, based on the final offer price of HKD 0.22 per share[59]. - By December 31, 2021, the actual use of proceeds included HKD 11.2 million for developing container handling facilities and HKD 2.5 million for logistics services in Wuhan[60]. - As of December 31, 2021, approximately HKD 29.0 million of the net proceeds remained unutilized, with plans to fully utilize these funds by December 31, 2023[61]. - The company has established a dividend policy that considers actual and expected financial performance, available reserves, and future cash flow needs[117]. - The auditor's fee for the audit services provided by KPMG for the year ended December 31, 2021, was HKD 840,000, while non-audit services amounted to HKD 220,000[105].