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依賴該等內容而引致的任何損失 承擔任何責任。 亞 東 Yadong Group Holdings Limited 亞 東 集 團 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1795） . 收 益 於 截 至 2023 年 1 2 月 3 1 日 及 2024 年 1 2 月 3 1 日 止 各 年 度 保 持 穩 定 ， 約 為 人 民 幣 1,078.6百萬元。 . 毛利由截至2023年12月31日止年度約人民幣138.9百萬元減少約人民幣2.4百萬元或約 1.7%至截至2024年12月31日止年度約人民幣136.5百萬元。 . 毛 利 率 由 截 至 2023 年 12 月 31 日 止 年 度 約 12.9% 下 降 至 截 至 2024 年 12 月 31 日 止 年 度 約 12.7%。 . 溢利由截至2023年12月31日止年度約人民幣34.5百萬元增加約人民幣 2.5 百萬元或約 7.2%至截至2024年1 ...

亞 東 Yadong Group Holdings Limited 亞 東 Yadong Group Holdings Limited 亞東集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 1795 亞東集團控股有限公司 2024 INTERIM REPORT INTERIM REPORT 中期報告 2024 Yadong Group Holdings Limited 亞東集團控股有限公司 股份代號：1795 （於開曼群島註冊成立之有限公司） 2024 中 期 報 告 目 錄 2 公司資料 4 管理層討論及分析 13 其他資料 18 簡明綜合損益及其他全面收益表 19 簡明綜合財務狀況表 21 簡明綜合權益變動表 22 簡明綜合現金流量表 23 簡明綜合財務報表附註 公司資料 獨立非執行董事 朱旗先生 何建昌先生 王洪亮先生 | --- | |---------------------------| | | | | | | | 董事會 | | 執行董事 | | 薛士東先生 （董事會主席） | | ...

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依賴該等內容而引致的任何損失 承擔任何責任。 亞 東 Yadong Group Holdings Limited 亞 東 集 團 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1795） 截至2024年6月30日止六個月 中期業績公告 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 財 | 務 摘 要 | | . | 收 益 由 截 至 2023年6月30 日 止 六 個 月 約 人 民 幣 449.6 百 萬 元 增 加 約 人 民 幣 31.5 百 萬 ...

Financial Performance - Revenue for 2023 reached RMB 1,078.6 million, a 1.7% increase compared to RMB 1,060.2 million in 2022[9] - Gross profit decreased by 2.9% to RMB 138.9 million in 2023 from RMB 142.9 million in 2022[9] - Gross margin slightly declined to 12.9% in 2023 from 13.5% in 2022[9] - Net profit decreased by RMB 15.4 million to RMB 34.5 million in 2023 from RMB 49.9 million in 2022[9] - Revenue for 2023 increased by 1.7% to RMB 1,078.6 million compared to RMB 1,060.2 million in 2022[19] - Gross profit decreased by 2.8% to RMB 138.9 million in 2023 from RMB 142.9 million in 2022, with gross margin dropping from 13.5% to 12.9%[21] - Net profit declined by RMB 15.4 million to RMB 34.5 million in 2023 from RMB 49.9 million in 2022[15] - The company's income tax expense decreased from approximately RMB 13.4 million in 2022 to RMB 10.0 million in 2023, primarily due to a decrease in pre-tax profit from RMB 63.3 million in 2022 to RMB 44.5 million in 2023[26] - The company's annual profit decreased by RMB 15.4 million or 30.9% from RMB 49.9 million in 2022 to RMB 34.5 million in 2023[27] Assets and Liabilities - Total assets increased to RMB 820.5 million in 2023 from RMB 768.4 million in 2022[6] - Total liabilities rose to RMB 544.3 million in 2023 from RMB 509.3 million in 2022[6] - The company's asset-liability ratio remained stable at 66.3% as of December 31, 2023, unchanged from 2022[31] - The company's bank balances and cash increased from RMB 61.4 million in 2022 to RMB 100.2 million in 2023, with a current ratio of 1.1 times[32] - The company's total interest-bearing bank borrowings increased from RMB 288.3 million in 2022 to RMB 313.4 million in 2023, with RMB 150.3 million of assets pledged as collateral[33] - The company's total property, plant, and equipment increased from RMB 142.983 million in 2022 to RMB 150.361 million in 2023, with a significant increase in machinery from RMB 15.144 million to RMB 26.925 million[34] Expenses and Costs - Sales and distribution expenses decreased by 3.5% to RMB 29.1 million in 2023 from RMB 30.2 million in 2022[23] - Administrative expenses increased to RMB 55.0 million in 2023 from RMB 45.8 million in 2022, driven by higher salaries, consulting fees, and amortization costs[24] - Financial costs rose to RMB 15.2 million in 2023 from RMB 12.0 million in 2022 due to increased average bank borrowings[25] Strategic Initiatives and Expansion - The company plans to expand sales and marketing efforts in China to capture domestic demand recovery and increase market share[10] - The company is exploring opportunities to establish a presence in Southeast Asia through partnerships or setting up production facilities[11] - The company aims to install automation systems in its production processes to reduce operational costs and improve efficiency and product quality[11] - The company plans to expand its presence in Southeast Asia to align with international clothing brands' production shifts and improve profitability[17] - The company aims to install automation systems in its production processes to reduce operating costs and enhance efficiency and product quality[17] - The company is optimistic about 2024, focusing on increasing sales and marketing efforts in China to capture domestic demand recovery[16] Dividends and Shareholder Returns - The board proposed a final dividend of 3.0 HK cents per share for the year ended December 31, 2023, subject to shareholder approval[37] - The company declared a final dividend of HK$0.03 per share for the fiscal year ending December 31, 2023, totaling approximately HK$18,000 million, subject to shareholder approval at the Annual General Meeting[48] - The company has distributable reserves of RMB 250.9 million as of December 31, 2023, with RMB 16.0 million proposed as final dividend payments[61] Corporate Governance and Compliance - The company has maintained a minimum public float of 25% as required by listing rules[63] - The company's board consists of eight directors, including five executive directors and three independent non-executive directors[98] - The company's chairman, Mr. Xue Shidong, also serves as the executive director, and the company currently does not have a CEO[100] - The company's independent non-executive directors are appointed for a term of three years starting from the listing date, with rotation and re-election required every three years[104] - The Board of Directors is responsible for leading and controlling the company, overseeing strategy implementation, operational and financial performance, and ensuring robust internal control and risk management systems[105] - All directors have access to comprehensive company information and can seek independent professional advice at the company's expense to fulfill their duties[105] - New directors receive formal and comprehensive induction training, including visits to major facilities and meetings with senior management[107] - In 2023, the company distributed training materials prepared by legal counsel to all directors, covering topics such as directors' duties, related-party transactions, and regulatory updates[107] - The Audit Committee, composed of three independent non-executive directors, held two meetings in 2023 to review annual and interim financial reports, risk management, and internal control systems[110] - The Remuneration Committee, consisting of two independent non-executive directors and one executive director, held one meeting in 2023 to discuss directors' compensation and related matters[111] - The company provides appropriate insurance coverage for directors and senior officers against legal liabilities arising from company activities, with annual reviews of the coverage[105] - Directors are encouraged to participate in continuous professional development programs, with costs borne by the company[107] - The Board has established three committees: Audit, Remuneration, and Nomination, each with defined roles and responsibilities[109] Environmental, Social, and Governance (ESG) - The company released its fourth ESG report, covering sustainability management and performance for 2023[136] - The ESG report follows the Hong Kong Stock Exchange's ESG Reporting Guide and uses RMB as the reporting currency[137] - The report focuses on the environmental and social impacts of the company's core business, primarily from its operations in Changzhou, China[138] - The company has established a comprehensive ESG governance structure led by the board and supervised by the audit committee[140] - The board is responsible for guiding and approving ESG implementation plans, reviewing ESG-related risks, and evaluating ESG performance[141] - The company aims to reduce water usage by applying more water-saving technologies in daily operations[142] - The company is increasing the use of renewable energy to improve efficiency and reduce greenhouse gas emissions[142] - The company is minimizing packaging materials and increasing the use of recyclable materials to save resources and reduce waste[142] - The company has established a risk management system that includes ESG-related risks, with regular assessments conducted by the finance department and reported to the board[150] - The company is addressing climate change risks by reducing carbon emissions, improving energy efficiency, and promoting renewable energy development[153] - The company has implemented a three-line defense system for risk management, involving various departments, the finance department, and the board[149] - The company conducts regular safety drills and fire safety upgrades to enhance factory safety[142] - The company focuses on sustainable supply chain management and fair competition with suppliers and partners[145] - The company has a comprehensive employee welfare and security system, including regular satisfaction surveys and complaint hotlines[145] - The company is committed to green production and has established a vision for sustainable development, aiming to protect the environment and create long-term value for shareholders[142] - The company has established a comprehensive climate governance framework, with the ESG Committee responsible for formulating and overseeing the implementation of climate change strategies, ensuring alignment with overall objectives[154][155] - The company has identified both physical and transition risks related to climate change, including infrastructure damage, supply chain disruptions, and regulatory compliance challenges, with potential financial impacts such as increased costs and reduced market share[157][159] - The company has implemented measures to manage extreme weather risks, including the establishment of emergency response teams and regular infrastructure maintenance to enhance resilience[162] - The company consumed a total of 182,433 MWh of energy during the reporting period, with an energy consumption density of 169.14 MWh per million revenue[164] - The company is focusing on resource efficiency by optimizing production processes, improving energy utilization, and reducing waste emissions to lower production costs and enhance resource efficiency[160] - The company is actively investing in new technologies and market research to improve resilience and competitiveness, turning climate challenges into development opportunities[159] - The company is enhancing supply chain security by assessing climate-related risks and identifying alternative supply sources, requiring suppliers to implement preventive measures[163] - The company is adjusting product strategies to meet consumer demand for environmentally friendly products, thereby increasing market competitiveness and share[163] - The company is participating in industry policy formulation and implementing internationally recognized management systems to ensure adaptability and preparedness for climate-related risks[162] - The company is adopting renewable energy and improving energy efficiency to reduce reliance on non-renewable energy sources[160] - Total direct energy consumption decreased to 24,530 MWh in 2023 from 27,152 MWh in 2022, a reduction of 9.7%[165] - Direct energy intensity improved to 22.74 MWh per million revenue in 2023, down from 25.61 MWh per million revenue in 2022[165] - Total greenhouse gas emissions decreased by 4% to 69,708.53 tons of CO2 equivalent in 2023, with Scope 1 and Scope 2 emissions accounting for 7% and 93% respectively[166] - Renewable energy usage reached 671,339 kWh in 2023, equivalent to reducing approximately 383 tons of CO2 emissions[168] - The second phase of the distributed rooftop photovoltaic project was launched, covering 5,000 square meters with an installed capacity of 800 kWp[168] - The company achieved ISO 50001 energy management system certification, highlighting its commitment to energy conservation[170] - The replacement of traditional Roots blowers with air suspension systems reduced energy consumption and noise[171] - The company was included in the "2023 Changzhou Ecological Environment Supervision Law Enforcement Positive List" for its green factory construction efforts[172] - The alkali recovery project successfully reduced the demand for new alkali and decreased emissions by recycling and reusing dilute alkali[173] - The company received the "2023 Green Development Leading Enterprise" award from the Jiangsu Provincial Department of Ecology and Environment and the Jiangsu Provincial Federation of Industry and Commerce[174] - Total water consumption in 2023 was 729,624 tons, with a water consumption density of 676.45 tons per million revenue[175] - The company aims to reduce unit product energy and water consumption by 0.5% to 1% annually[175] - Packaging material usage in 2023 totaled 266 tons, with a usage density of 0.25 tons per million revenue[177] - Sulfur oxide emissions in 2023 were 0.11 kg, nitrogen oxide emissions were 912.59 kg, and particulate matter emissions were 1,018.19 kg[181][182] - The company installed 6 sets of waste gas treatment facilities, including automatic oil fume purification equipment and bag filters[180] - The company is preparing a zero-discharge and reclaimed water reuse project to reduce freshwater consumption and utilize reclaimed water's thermal energy[184] - Wastewater discharge volume decreased by 3% to 729,624 tons compared to the previous year[185] - Harmful waste emissions totaled 3,453 kg, with an emission density of 3.20 kg per million revenue[187] - Non-harmful waste emissions amounted to 5,590 tons, with an emission density of 5.18 tons per million revenue[187] - The company plans to implement an office automation and integration platform to promote paperless operations[186] Innovation and Product Development - The company has obtained ISO 9001 quality management system certification and multiple textile industry recognitions[192] - The company's fabric products won several awards, including the 2023 China Fashion Fabric Design Award[193] - The company maintains daily video communication with clients to promptly address their needs and ensure product quality[194] - No product or service complaints were received during the reporting period[194] - The company developed a functional casual woven fabric product, sorona®Agile-Yadong 23FW001, which won the Fall/Winter 2025/26 ISPO Textrends "SELECTION" AWARD[195] - The company's fabric product "Cold Day Slight Smoke" won the 2023 China Fashion Fabric Design Competition Lyocell Market Application Award[195] - The company established a strategic technical cooperation with renowned fiber companies, achieving multiple product innovation breakthroughs[195] - The company collaborated with Lanjing Group and industry chain partners to release the "Endless" TENCEL™ × Yadong Zero Carbon Concept Show at the 2023 TENCEL™ Fiber China Dyeing and Finishing Strategic Cooperation Club Summit Forum[198] - The company was awarded 1 utility model patent in 2023[197] - The company implemented a patent incentive system, rewarding employees with 2,000 RMB for each invention patent and 500 RMB for each utility model patent authorized by the National Intellectual Property Office[198] - The company established the China Textile Federation Corduroy and Woven Printing and Dyeing Product Development Base in 2023[197] - The company passed the acceptance of the Jiangsu Provincial Enterprise Technology Center in 2023, achieving innovation breakthroughs[197] - The company conducted in-depth cooperation with universities and academic professors, leveraging the advantages of both parties to build an open R&D ecosystem[196] - The company actively promoted green zero-carbon and circular recycling practices, focusing on natural and environmentally friendly fibers such as cotton, linen, TENCEL™, Modal, viscose, polyester, and nylon[195] Employee and Labor Relations - The company's number of full-time employees increased from 482 in 2022 to 541 in 2023, with employee costs amounting to approximately RMB 68.4 million[36] - The company has 541 employees, with 538 based in China and 3 in Hong Kong, and maintains good labor relations with no major disputes or operational disruptions reported[55][56] - The gender ratio of employees (including senior management) as of December 31, 2023, is 69% male and 31% female[116] - The Board of Directors consists of 7 male directors and 1 female director, ensuring gender diversity and a balance of skills and experience[115] - The company follows an open and equal principle in recruitment, promoting employee diversity without discrimination based on gender, race, age, or religion[116] - The company aims to identify and train female employees with leadership potential, with the goal of promoting them to the Board[115] Shareholder and Investor Relations - The company's shareholder communication policy ensures timely provision of information, including financial performance, strategic objectives, significant developments, and corporate governance, to shareholders and potential investors[130] - The company's website (www.yadongtextile.com) provides updated financial information, corporate governance practices, and Board member profiles to facilitate effective communication with shareholders and investors[129] - Shareholders holding at least 10% of the company's paid-up share capital can request a special general meeting[132] - Shareholders can nominate candidates for director elections by submitting a written notice with required personal details and signatures[133] - Shareholders can submit written inquiries to the board, but oral or anonymous inquiries are generally not processed[134] - There were no significant changes to the company's constitutional documents during the year ended December 31, 2023[135] Risk Management and Internal Controls - The company's risk management and internal control systems were reviewed and deemed effective and adequate as of December 31, 2023, covering financial, operational, and compliance controls[121] - The company has implemented a whistleblowing policy to allow confidential reporting of potential misconduct related to financial reporting, internal controls, or other matters[122] - The company has a disclosure policy in place to handle confidential information, monitor information disclosure, and respond to inquiries, with controls to prevent unauthorized access to and use of inside information[123] - The company's Board of Directors confirmed that there are no significant uncertainties that may cast substantial doubt on the Group's ability to continue as a going concern[125] - The company's Audit Committee assists the Board in overseeing the design, implementation, and monitoring of risk management and internal control systems[121] - The company has adopted the Model Code for Securities Transactions set out in Appendix C3 of the Listing Rules, and all Directors confirmed compliance with the Code during the year ended December 31, 2023[124] - The company's internal control consultant reviewed the adequacy and effectiveness of risk management and internal control systems in key business processes, with no significant findings that could materially affect the systems' effectiveness[121] - The company has established multiple shareholder communication channels and effectively implemented its shareholder communication policy[131] Capital Allocation and Utilization - The company's capital commitments related to the acquisition of plant and machinery amounted to approximately RMB 0.5 million as of December 31, 2023[28] - The company has reallocated HKD 10.3 million from the unused net proceeds for enhancing production capacity through the acquisition of production machinery and equipment, and HKD 11.7 million for general corporate purposes and working capital[91] - The net proceeds from the listing amounted to approximately HKD 81.9 million after deducting underwriting commissions and expenses[91] - The company allocated HKD 18.9 million for upgrading and improving existing production lines and technical capabilities, expanding capacity and product range[92] - HKD 32.8 million was allocated for acquiring target companies holding properties[92] - The company planned to acquire a production facility in Jiangsu, China, with an annual capacity of 10-15 million meters of textile products, but no suitable target was identified by the end of 2023[92] - HKD 10.3 million was allocated for acquiring production machinery and equipment[92] - HKD 19.9 million was allocated for general corporate purposes and working capital[92] - The total allocated funds amounted to HKD 81.9 million, which has been fully utilized as of the report date[92

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依賴該等內容而引致的任何損失 承擔任何責任。 亞 東 Yadong Group Holdings Limited 亞 東 集 團 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1795） 截至2023年12月31日止年度 全年業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 財 | 務 摘 要 | | . | 收 益 由 截 至 2022年12月31 日 止 年度約人民幣 1,060.2 百 萬 元 增 加 約 人 民 幣 18.4 百 萬 元 或 約 1. ...

Revenue and Profit Performance - Revenue increased by RMB 18.4 million or 1.7% to RMB 1,078.6 million in 2023 compared to RMB 1,060.2 million in 2022[2] - Gross profit decreased by RMB 4.0 million or 2.8% to RMB 138.9 million in 2023 from RMB 142.9 million in 2022[2] - Gross profit margin decreased to 12.9% in 2023 from 13.5% in 2022[2] - Net profit decreased by RMB 15.4 million or 30.8% to RMB 34.5 million in 2023 from RMB 49.9 million in 2022[2] - Net profit for 2023 was RMB 34,534 thousand, a decrease from RMB 49,931 thousand in 2022[26] - Net profit declined by RMB 15.4 million to RMB 34.5 million in 2023 compared to RMB 49.9 million in 2022[37] - Net profit for the year decreased by RMB 15.4 million or 30.9% from RMB 49.9 million in 2022 to RMB 34.5 million in 2023[49] Dividend and Shareholder Information - The Board proposed a final dividend of 3.0 HK cents per share for the year ended December 31, 2023, subject to shareholder approval[2] - The company declared a final dividend of 3.0 HK cents per share for 2023, totaling HKD 18,000,000 (approximately RMB 16,284,000)[24] - The board has recommended a final dividend of 3.0 HK cents per share for the year ended December 31, 2023, subject to approval at the Annual General Meeting on June 28, 2024, with payment scheduled for August 19, 2024[62] - Shareholder registration will be suspended from June 25, 2024, to June 28, 2024, to determine eligibility for attending the Annual General Meeting[63] - Shareholder registration will also be suspended from July 5, 2024, to July 9, 2024, to determine eligibility for receiving the final dividend[64] Financial Position and Assets - Total assets increased to RMB 820.50 million in 2023 from RMB 768.43 million in 2022[6] - Total equity increased to RMB 276.22 million in 2023 from RMB 259.13 million in 2022[7] - Bank balances and cash increased from RMB 61.4 million in 2022 to RMB 100.2 million in 2023, with a current ratio of 1.1x[54] - Total interest-bearing bank borrowings increased from RMB 288.3 million in 2022 to RMB 313.4 million in 2023, with RMB 150.3 million of assets pledged as collateral[55] - The company's asset-liability ratio remained stable at 66.3% in both 2022 and 2023[53] Revenue by Product and Region - Revenue from plain fabric sales increased to RMB 875,010 thousand in 2023, up 7.8% from RMB 811,752 thousand in 2022[15] - Revenue from corduroy fabric sales decreased to RMB 159,476 thousand in 2023, down 21.1% from RMB 202,099 thousand in 2022[15] - Revenue from dyeing and processing services decreased to RMB 44,142 thousand in 2023, down 4.8% from RMB 46,367 thousand in 2022[15] - Total revenue from external customers in China increased to RMB 822,986 thousand in 2023, up 5.3% from RMB 781,805 thousand in 2022[17] - Revenue from external customers in Japan increased to RMB 30,976 thousand in 2023, up 68.9% from RMB 18,339 thousand in 2022[17] - Revenue from external customers in other regions decreased to RMB 224,666 thousand in 2023, down 13.6% from RMB 260,074 thousand in 2022[17] Expenses and Costs - Total employee costs increased to RMB 68,400 thousand in 2023 from RMB 64,326 thousand in 2022[23] - Inventory recognized as expenses amounted to RMB 877,949 thousand in 2023, slightly down from RMB 878,210 thousand in 2022[23] - Depreciation of property, plant, and equipment increased to RMB 15,752 thousand in 2023 from RMB 11,053 thousand in 2022[23] - Sales and distribution expenses decreased by RMB 1.0 million (3.5%) to RMB 29.1 million in 2023, primarily due to reduced marketing consulting fees[45] - Administrative expenses rose by RMB 9.2 million to RMB 55.0 million in 2023, driven by higher land amortization, rental property decoration amortization, salaries, and consulting fees[46] - Financial costs increased by RMB 3.2 million to RMB 15.2 million in 2023 due to higher average bank borrowings[47] Tax and Government Subsidies - Total tax expense decreased to RMB 9,953 thousand in 2023, down 25.6% from RMB 13,370 thousand in 2022[21] - Income tax expense decreased from RMB 13.4 million in 2022 to RMB 10.0 million in 2023, primarily due to a reduction in pre-tax profit from RMB 63.3 million to RMB 44.5 million[48] - Government subsidies decreased to RMB 733 thousand in 2023, down 32.2% from RMB 1,081 thousand in 2022[19] Trade and Receivables - Trade receivables and notes increased to RMB 274,116 thousand in 2023 from RMB 182,104 thousand in 2022[28] - Trade receivables within 30 days increased to RMB 205,476 thousand in 2023 from RMB 99,766 thousand in 2022[30] - The company's credit period for trade customers is up to 90 days, with no collateral held for trade receivables and notes[29] - Trade payables and notes increased to RMB 155,511 thousand in 2023 from RMB 139,295 thousand in 2022[32] Inventory and Contract Liabilities - Total inventory decreased to RMB 122,312 thousand in 2023 from RMB 188,961 thousand in 2022[28] - Contract liabilities increased to RMB 2,976 thousand in 2023 from RMB 1,663 thousand in 2022, reflecting prepayments from customers for fabric products[35] Strategic Plans and Market Conditions - The company plans to expand its presence in Southeast Asia to align with international clothing brands' production shifts and benefit from lower production costs[38][39] - The company aims to install automation systems in its production processes to reduce operational costs and improve efficiency and product quality[39] - China's GDP grew by 5.2% in 2023, with retail sales of clothing, footwear, and knitwear increasing by 12.9% to RMB 1,409.5 billion, reflecting a recovery in domestic demand[36] Corporate Governance and Compliance - The company adheres to the Corporate Governance Code, with the exception of the separation of Chairman and CEO roles, which is currently not in place[65][66] - No purchase, sale, or redemption of the company's listed securities occurred during the year ended December 31, 2023[68] - The Audit Committee reviewed the audited financial results, accounting principles, risk management, internal controls, and financial reporting for the year ended December 31, 2023[69] - The company's auditor confirmed that the figures in the preliminary announcement match the draft annual financial statements, but no assurance was provided[70] - The full-year results announcement and annual report are available on the Hong Kong Stock Exchange and the company's websites, with electronic or printed copies to be sent to shareholders[71] Employee and IPO Information - Full-time employees increased from 482 in 2022 to 541 in 2023, with employee costs totaling RMB 68.4 million[57] - The company utilized RMB 81.9 million of net proceeds from its IPO, with RMB 22.0 million reallocated for production machinery and general corporate purposes[60] - The company has not identified a suitable target for the proposed acquisition of a production facility in Jiangsu, China, leading to a reallocation of funds[61] Miscellaneous Financial Information - Interest income increased to RMB 1,176 thousand in 2023, up 51.4% from RMB 777 thousand in 2022[19] - Rental income from investment properties was RMB 1,690 thousand in 2023, compared to none in 2022[20] - Total comprehensive income attributable to owners of the company was RMB 33.37 million in 2023 compared to RMB 46.32 million in 2022[4] - Basic and diluted earnings per share were RMB 5.76 cents for the year ended December 31, 2023[2]

Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately RMB 449.6 million, a decrease of about 11.8% from RMB 509.5 million for the same period in 2022[43]. - Gross profit for the same period decreased by approximately 32.1% to RMB 47.9 million, down from RMB 70.5 million, resulting in a gross margin decline from 13.8% to 10.7%[43][47]. - Net profit fell approximately 73.5% to RMB 8.0 million, compared to RMB 30.2 million for the same period in 2022[43]. - Profit before tax decreased to RMB 10,635 thousand, a decline of 73.4% from RMB 39,995 thousand in the previous year[83]. - Basic and diluted earnings per share were RMB 1.34, down from RMB 4.77 in the previous year[83]. - For the six months ended June 30, 2023, the company reported a net profit of RMB 8,018,000, a decrease of 72% compared to RMB 28,631,000 for the same period in 2022[102]. Revenue Breakdown - Revenue for the six months ended June 30, 2023, was RMB 449,603 thousand, a decrease of 11.8% compared to RMB 509,516 thousand for the same period in 2022[93]. - Sales of plain fabric amounted to RMB 321,566 thousand, down from RMB 340,534 thousand, while sales of corduroy fabric decreased to RMB 107,782 thousand from RMB 148,097 thousand[93]. - Revenue from external customers in China increased to RMB 428,865 thousand, up 3.9% from RMB 413,223 thousand in the previous year[95]. - The company continues to focus on the sale of fabric products and the provision of dyeing and processing services as its main business activities[94]. Cost and Expenses - Administrative expenses increased from approximately RMB 17.3 million to RMB 21.1 million, mainly due to higher depreciation of right-of-use assets[50]. - Sales and distribution expenses decreased from approximately RMB 12.4 million to RMB 11.3 million, attributed to lower transportation costs[49]. - Financial costs increased from approximately RMB 3.7 million for the six months ended June 30, 2022, to approximately RMB 7.1 million for the six months ended June 30, 2023, primarily due to increased borrowings and interest[51]. - Total employee costs for the six months ended June 30, 2023, amounted to RMB 29,651,000, an increase of 22% from RMB 24,240,000 in the previous year[100]. Cash Flow and Assets - Cash and bank balances as of June 30, 2023, were approximately RMB 33.1 million, down from approximately RMB 61.4 million as of December 31, 2022[58]. - Net cash used in operating activities was RMB (11,414) thousand, an improvement from RMB (53,699) thousand in the same period last year[87]. - Total assets as of June 30, 2023, were RMB 547,242 thousand, slightly up from RMB 539,643 thousand at the end of 2022[84]. - Trade receivables as of June 30, 2023, were RMB 209,477,000, up 45% from RMB 144,553,000 as of December 31, 2022[106]. Debt and Liabilities - As of June 30, 2023, the debt-to-asset ratio was approximately 66.0%, slightly down from approximately 66.3% as of December 31, 2022[58]. - Total interest-bearing bank borrowings amounted to approximately RMB 299.2 million as of June 30, 2023, compared to approximately RMB 288.3 million as of December 31, 2022[61]. - Current liabilities amounted to RMB 496,895 thousand, an increase from RMB 491,753 thousand at the end of 2022[84]. - Trade payables decreased to RMB 131,394,000 as of June 30, 2023, from RMB 139,295,000 as of December 31, 2022, representing a decline of approximately 5.1%[115]. Future Outlook and Investments - The company remains cautiously optimistic about the second half of 2023, noting an increase in customer orders recently[44]. - Investments in new machinery and equipment were made to enhance production efficiency and reduce costs, which are expected to improve product quality and expand capacity[44]. - The company plans to continue investing in product design and development to diversify revenue sources and promote long-term sustainable growth[44]. - The expected timeline for utilizing the unutilized net proceeds for acquiring a company with an existing production facility in Jiangsu, China, has been extended to December 31, 2024, due to challenges posed by the COVID-19 pandemic and the US-China trade war[68]. Corporate Governance and Compliance - The company has maintained compliance with all applicable provisions of the corporate governance code during the six months ending June 30, 2023, except for a deviation regarding the separation of the roles of Chairman and CEO[70]. - The board believes that the current management structure is effective for strategic planning, despite not having a CEO[71]. - The company has not yet utilized the net proceeds from its fundraising, which are currently held as interest-bearing deposits in licensed banks in Hong Kong[68]. Shareholder Information - As of June 30, 2023, major shareholder Dongyong Holdings Limited holds 450,000,000 shares, representing 75% of the company's equity[79]. - The board has decided not to recommend an interim dividend for the six months ending June 30, 2023[69]. - The company did not declare any interim dividends for the six months ended June 30, 2023, and 2022[101].

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依賴該等內容而引致的任何損失 承擔任何責任。 亞 東 Yadong Group Holdings Limited 亞 東 集 團 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1795） 截至2023年6月30日止六個月 中期業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 財 | 務 摘 要 | | . | 收 益 由 截 至 2022年6月30 日 止 六 個 月 約 人 民 幣 509.5 百 萬 元 減 少 約 人 民 幣 ...

Yadong Group Holdings Limited 股份代號 : 1795 （於開曼群島註冊成立之有限公司） 2022 年 報 2022 Annual Report Yadong Group Holdings Limited (Incorporated in the Cayman Islands with limited liability) Stock Code : 1795 Yadong Group Holdings Limited 亞東集團控股有限公司 ANNUAL REPORT 年報 2022 目 錄 公司資料 2 財務概要 4 主席報告 5 管理層討論及分析 7 董事及高級管理層之履歷 12 董事會報告 15 企業管治報告 29 環境、社會及管治報告 42 獨立核數師報告 85 綜合損益及其他全面收益表 90 綜合財務狀況表 91 綜合權益變動表 93 綜合現金流量表 94 綜合財務報表附註 96 公司資料 董事會 執行董事 薛士東先生 （董事會主席） 王斌先生 邱建宇先生（於2022年4月26日辭任） 香文斌先生（於2022年4月26日獲委任） 張葉萍女士 金榮偉先生 獨立非執行董事 朱旗 ...

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依賴該等內容而引致的任何損失 承擔任何責任。 亞 東 Yadong Group Holdings Limited 亞 東 集 團 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1795） 截至2022年12月31日止年度 全年業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 財 | 務 摘 要 | | . | 收 益 由 截 至 2021年12月31 日 止 年度約人民幣 813.8 百 萬 元 增 加 約 ...