Financial Performance - The company reported a revenue increase of 24.8% from approximately RMB 933.9 million in 2023 to approximately RMB 1,165.3 million in 2024[6]. - Gross profit rose to RMB 202.7 million in 2024, compared to RMB 186.0 million in 2023, with a gross margin of 17.4%[5]. - The profit attributable to shareholders decreased to RMB 55.6 million in 2024 from RMB 63.0 million in 2023, resulting in a basic earnings per share of RMB 6.52[5]. - The company's total revenue for the year ended December 31, 2024, was approximately RMB 1,165.3 million, an increase of about RMB 231.4 million or 24.8% compared to RMB 933.9 million in 2023[22]. - Revenue from material products reached approximately RMB 1,060.1 million, accounting for 91.0% of total revenue, with a growth rate of 24.8% compared to RMB 849.2 million in 2023[25]. - Revenue from building materials was approximately RMB 105.2 million, representing 9.0% of total revenue, with a growth rate of 24.2% compared to RMB 84.7 million in 2023[26]. - The gross profit for the year was approximately RMB 202.7 million, with a gross margin of 17.4%, down from 19.9% in 2023[28]. - The company recorded a profit attributable to equity holders of approximately RMB 55.6 million, with basic earnings per share of RMB 6.52, compared to RMB 63.0 million or RMB 7.39 per share in 2023[30]. Assets and Liabilities - The total assets increased to RMB 1,940.5 million in 2024, up from RMB 1,710.0 million in 2023, while total liabilities rose to RMB 1,113.0 million[5]. - Total equity as of December 31, 2024, was approximately RMB 827,400,000, a 9.1% increase from RMB 758,200,000 in 2023[38]. - Total current assets reached approximately RMB 780,900,000 in 2024, compared to RMB 637,000,000 in 2023, while total current liabilities increased to RMB 559,000,000 from RMB 460,300,000[39]. - Cash and cash equivalents amounted to approximately RMB 83,400,000 in 2024, up from RMB 64,400,000 in 2023[40]. Operational Developments - The company has fully launched the first phase of the "Sijia (Fuqing) Industrial Park," significantly enhancing production capacity for PVC composite materials and eco-friendly building materials[8]. - The company is constructing the third phase of the "Sijia (Fuzhou) Industrial Park" to meet future business development needs, focusing on PU eco-friendly inflatable pool materials and PVC flocking materials[9]. - The company aims to deepen its digital transformation and smart manufacturing strategies, implementing automated systems to enhance operational efficiency and reduce labor costs[13]. - The company plans to accelerate market expansion and new product line development to achieve new growth heights in the future[7]. Innovation and Technology - The company has been recognized as a "National High-tech Enterprise" and has received multiple invention patents, indicating a strong focus on innovation and technology development[10]. - The company holds a total of 137 patents and copyrights, with ongoing efforts to protect intellectual property through patent renewals[24]. - The company plans to continue its product technology innovation strategy, focusing on new products in space fabric materials and airtight materials as future main businesses[17]. - The company is intensifying the protection of intellectual property rights related to new technologies and processes, aiming to apply for more patents to enhance its innovative capabilities[53]. Corporate Governance - The board of directors is committed to high corporate governance standards, which enhances performance, transparency, and accountability to shareholders[64]. - The company has established three board committees to oversee audit, remuneration, and nominations, ensuring effective governance practices[67]. - The roles of Chairman and CEO are held by Mr. Liu, which the board believes benefits the company's business outlook and management[70]. - The company has adopted a corporate governance code to comply with listing rules, demonstrating its commitment to regulatory standards[65]. - All directors have confirmed compliance with the securities trading standards, reflecting a commitment to ethical practices[66]. - The board regularly reviews its governance practices to ensure they remain appropriate and effective for the company's needs[72]. - The company has a structured mechanism for the appointment and re-election of directors, ensuring continuity and governance integrity[73]. - The management team is experienced and capable, ensuring a balance of power and responsibilities within the organization[70]. - The board of directors is responsible for leading and controlling the company, ensuring effective internal controls and risk management systems are in place[75]. Employee and Workplace Policies - The company promotes a diverse and inclusive work environment, ensuring fair recruitment processes without discrimination based on various factors[178]. - The employee turnover rate is 36% for males and 38% for females, with a significant 70% turnover rate for employees aged 25 or younger[177]. - The company has established a comprehensive customer service system to enhance customer satisfaction and address complaints effectively[169]. - The company has implemented a smoke-free policy and established an annual smoking cessation reward to promote employee health[192]. - Team-building activities and mental health initiatives were organized to enhance employee well-being and foster a harmonious work environment[192]. - The company encourages employees to participate in volunteer activities, contributing time and skills to support the community[199]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to leading the environmental industry chain development and providing technical consulting and services across various sectors[132]. - The ESG report covers the company's performance and policies related to sustainability for the reporting period from January 1, 2024, to December 31, 2024[133]. - The report's scope has expanded compared to last year, including three main subsidiaries under direct control[133]. - The group has identified and disclosed key ESG issues and stakeholder engagement processes in its report[137]. - The group has received multiple recognitions for its development and sustainability achievements in 2024, including being listed in the "2024 Fujian Province Intelligent Manufacturing Excellent Scenario Project" and the "Fujian Province New Materials and New Products Catalog (First Batch)"[138]. - The group emphasizes compliance with anti-corruption laws and has not been aware of any significant violations related to bribery or fraud during the reporting period[149]. - The group conducts regular anti-corruption training for its directors and employees to enhance awareness of illegal activities[150].

Financial Performance - Revenue increased by 24.8% to RMB 1,165,300,000[3] - Gross profit rose by 9.0% to RMB 202,700,000[3] - Profit attributable to owners of the company was RMB 55,600,000[3] - Basic earnings per share decreased to RMB 6.52 from RMB 7.39[5] - The company reported a total comprehensive income of RMB 69,277,000, down from RMB 72,727,000[5] - Total revenue for the year 2024 reached RMB 1,165,256,000, a 25% increase from RMB 933,930,000 in 2023[15] - Revenue from the Chinese market was RMB 783,720,000, up 29.4% from RMB 605,699,000 in 2023[16] - The company reported a profit before tax of RMB 58,959,000 for 2024, down from RMB 64,653,000 in 2023[23] - Basic earnings per share for the year were approximately RMB 55,552,000, compared to RMB 63,000,000 in 2023[25] - The gross profit for the year was approximately RMB 202.7 million, with a gross margin of 17.4%, down from 19.9% in 2023[46] - The company recorded a profit attributable to equity holders of approximately RMB 55.6 million, with basic earnings per share of RMB 6.52, compared to RMB 63 million or RMB 7.39 per share in 2023[48] Assets and Liabilities - Total assets less current liabilities amounted to RMB 1,381,458,000[6] - Non-current assets totalled RMB 1,159,555,000, up from RMB 1,072,970,000[6] - Current assets increased to RMB 780,919,000 from RMB 636,979,000[6] - Trade receivables rose significantly to RMB 354,601,000 from RMB 226,689,000[6] - Non-current assets as of December 31, 2024, were valued at RMB 1,152,793,000, an increase from RMB 1,066,147,000 in 2023[12] - Total current assets reached approximately RMB 780,900,000 in 2024, up from RMB 637,000,000 in 2023, while total current liabilities increased to RMB 559,000,000 from RMB 460,300,000[57] - Cash and cash equivalents amounted to approximately RMB 83,400,000 in 2024, compared to RMB 64,400,000 in 2023[58] - Interest-bearing bank borrowings were approximately RMB 676,800,000 in 2024, an increase from RMB 605,000,000 in 2023[59] - The net debt ratio decreased to 35.1% in 2024 from 36.2% in 2023[57] Investments and Expenditures - The company has made significant investments in construction projects, with capital expenditures of RMB 346,068,000 during the year[27] - Research and development expenses increased to RMB 47,703,000 in 2024 from RMB 38,288,000 in 2023[20] - Research and development costs amounted to approximately RMB 47.7 million, up from RMB 38.3 million in 2023, highlighting the company's commitment to maintaining long-term competitiveness[51] Trade and Inventory - Trade receivables amount to RMB 359,741,000 as of December 31, 2024, up from RMB 232,065,000 in 2023, with a provision for impairment increasing from RMB 5,429,000 to RMB 8,872,000[29][30] - The aging analysis of trade receivables shows that RMB 270,797,000 is within 3 months overdue, compared to RMB 177,062,000 in 2023[30] - Inventory as of December 31, 2024, totals RMB 241,403,000, compared to RMB 232,334,000 in 2023, with raw materials decreasing from RMB 125,863,000 to RMB 100,135,000[29] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, with a review of its governance procedures conducted by the board[74] - The roles of Chairman and CEO are held by the same individual, Mr. Liu Jun, who has extensive experience in the materials market, which the board believes benefits the group's business outlook[74] - The company has complied with the standards for securities trading by directors as outlined in the listing rules, with all directors confirming adherence for the fiscal year ending December 31, 2024[75] - The audit committee, composed of three independent non-executive directors, has reviewed the accounting principles and financial reporting matters for the fiscal year ending December 31, 2024[77] Market and Strategic Initiatives - Domestic sales accounted for approximately 67.3% of total revenue, while export sales made up about 32.7%, reflecting a slight shift in revenue sources compared to the previous year[40] - The company plans to continue its talent strategy and invest in high-performance green products and digital technology to enhance competitiveness amid global market challenges[42] - The company plans to develop ecological building materials and expand into overseas markets while promoting the "Sijia Super Energy Core" brand[67] - The company aims to achieve digitalization of business operations and enhance management efficiency through various strategic initiatives[68] Other Financial Information - The company did not recommend any dividends for the year ending December 31, 2024[24] - The total borrowing cost for 2024 was RMB 20,057,000, compared to RMB 17,564,000 in 2023[19] - Financial costs increased to RMB 9,600,000 in 2024 from RMB 7,800,000 in 2023, primarily due to increased bank loans[54] - Total equity as of December 31, 2024, was approximately RMB 827,400,000, reflecting a 9.1% increase from RMB 758,200,000 in 2023[56] Trading Status - The company's shares have been suspended from trading since February 14, 2013, and will continue to be suspended until further notice[78] - The annual performance announcement for the fiscal year ending December 31, 2024, will be published on the Hong Kong Stock Exchange and the company's website[79]

Revenue and Sales Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 532.2 million, an increase of about RMB 84.5 million or 18.9% compared to RMB 447.7 million for the same period last year[4]. - Revenue from material products reached approximately RMB 482 million, accounting for about 90.6% of total revenue, with a sales increase of approximately 18.5%[7]. - Revenue from building materials was approximately RMB 50.1 million, representing about 9.4% of total revenue, with a sales increase of approximately 22.6%[8]. - Domestic sales accounted for approximately 67.3% of total revenue, while export sales accounted for about 32.7%[4]. - Revenue from the Chinese market reached RMB 357,906,000, up 27.0% from RMB 281,700,000 year-over-year[46]. - Total revenue for the six months ended June 30, 2024, was RMB 532,153,000, an increase of 18.8% compared to RMB 447,722,000 for the same period in 2023[44]. Profitability and Financial Performance - The gross profit for the period was approximately RMB 92.7 million, with a gross margin of 17.4%, down from 18.3% in the previous year[10]. - Gross profit for the same period was RMB 92,735,000, up from RMB 82,013,000, reflecting a gross margin improvement[32]. - The net profit attributable to the company's owners for the six months was RMB 20,153,000, compared to RMB 19,545,000 in the previous year, representing a growth of 3.1%[32]. - The group recorded a profit attributable to equity holders of RMB 20,200,000, with basic earnings per share of RMB 2.36, compared to RMB 19,500,000 and RMB 2.29 per share in the previous year[18]. Expenses and Costs - Administrative expenses increased by approximately RMB 15.2 million or 35.3% to about RMB 58.3 million, primarily due to rising employee costs[13]. - Financial costs increased to RMB 4,400,000 from RMB 4,100,000, primarily due to new bank loans obtained to facilitate operations[15]. - Total borrowing costs for the six months were RMB 10,655,000, compared to RMB 8,256,000 in the same period last year, reflecting a rise of 29.0%[50]. Research and Development - Research and development costs amounted to RMB 24,900,000, representing 4.7% of revenue, an increase from RMB 18,800,000 or 4.2% of revenue in the previous year[14]. - The company has implemented a high-level talent cultivation plan to reserve digital and technological R&D talents for future development[30]. - The establishment of a smart manufacturing technology research institute aims to enhance automation and intelligence in production across subsidiaries[31]. Assets and Liabilities - Current assets totaled approximately RMB 696,800,000, up from RMB 637,000,000, while current liabilities increased to RMB 487,200,000 from RMB 460,300,000[19]. - The total non-current assets increased to RMB 1,130,477,000 as of June 30, 2024, compared to RMB 1,072,970,000 at the end of 2023, indicating a growth of 5.4%[33]. - The total liabilities increased to RMB 1,051,307,000 as of June 30, 2024, compared to RMB 951,793,000 at the end of 2023, reflecting a rise of 10.5%[34]. - Trade receivables as of June 30, 2024, totaled RMB 251,501,000, an increase from RMB 226,689,000 at the end of 2023, indicating a growth of 10.9%[62]. - The company reported other payables and accrued expenses totaling RMB 35,958,000 as of June 30, 2024, down from RMB 45,676,000 as of December 31, 2023, a decrease of 21.4%[70]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended June 30, 2024, was RMB 40,953,000, significantly up from RMB 2,767,000 in the same period of 2023[38]. - The company incurred a net cash outflow from investing activities of RMB 89,977,000 for the six months ended June 30, 2024, compared to RMB 180,836,000 in the same period of 2023[38]. - New borrowings during the financing activities amounted to RMB 124,200,000, while repayments of borrowings were RMB 80,626,000 for the six months ended June 30, 2024[38]. Shareholder Information - As of June 30, 2024, Mr. Lin Sheng-Hsiung holds 410,886,000 shares, representing approximately 48.19% of the company's total issued share capital[87]. - Mr. Lin Sheng-Hsiung's spouse, Ms. Lin Hung-Ting, is deemed to have an interest in 410,886,000 shares, also representing approximately 48.19% of the company's total issued share capital[94]. - Rongliang Investment Company Limited, owned by Mr. Lin Wan-Peng, holds 59,011,000 shares, accounting for approximately 6.92% of the company's total issued share capital[94]. Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024, confirming compliance with applicable accounting standards and regulations[97]. - The company has no significant changes in accounting policies that would materially affect its financial statements for the current period[43]. - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[56].

Financial Performance - Revenue increased by approximately 18.9% to approximately RMB 532.2 million compared to RMB 447.7 million in the same period last year[1] - Profit attributable to owners increased by approximately 3.1% to approximately RMB 20.2 million, up from RMB 19.5 million[1] - Total comprehensive income for the period was RMB 17.8 million, slightly up from RMB 17.7 million in the previous year[2] - Basic earnings per share were approximately RMB 2.36, compared to RMB 2.29 for the same period last year[3] - Profit before tax for the six months ended June 30, 2024, was RMB 20,153,000, slightly up from RMB 19,545,000 in the same period last year[19] - Net profit attributable to shareholders was approximately RMB 20,200,000, with basic earnings per share of RMB 2.36, a slight increase from RMB 19,500,000 and RMB 2.29 per share in the previous year[39] Revenue Breakdown - Revenue for the six months ended June 30, 2024, was RMB 532,153,000, representing a 18.8% increase from RMB 447,722,000 for the same period in 2023[9] - Sales in the Chinese market reached RMB 357,906,000, up 27.1% from RMB 281,700,000 in the previous year[10] - Revenue from material products reached approximately RMB 482 million, accounting for about 90.6% of total revenue, with an increase of approximately 18.5% compared to RMB 406.8 million last year[29] - Revenue from building materials was approximately RMB 50.1 million, representing about 9.4% of total revenue, with an increase of approximately 22.6% compared to RMB 40.9 million last year[30] - Domestic sales accounted for approximately 67.3% of total revenue, an increase from 62.9% in the previous year, while export sales accounted for 32.7%, down from 37.1%[26] Costs and Expenses - Gross profit margin decreased from 18.3% to 17.4%[1] - The gross profit for the period was approximately RMB 92.7 million, with a gross profit margin of 17.4%, down from 18.3% in the previous year[31] - Sales and distribution costs increased by approximately RMB 4,100,000 to RMB 23,100,000, representing 4.4% of revenue, up from 4.3%[33] - Administrative expenses rose by RMB 15,200,000 or 35.3% to RMB 58,300,000, primarily due to increased employee costs[34] - Research and development costs amounted to RMB 24,900,000, or 4.7% of revenue, compared to RMB 18,800,000 or 4.2% in the previous year[35] Assets and Liabilities - Non-current assets totaled RMB 1,130.5 million, an increase from RMB 1,073.0 million as of December 31, 2023[4] - Current assets increased to RMB 696.8 million from RMB 637.0 million[4] - Total liabilities increased to RMB 1,051.3 million from RMB 951.8 million[5] - Trade receivables at the end of the reporting period amounted to RMB 251.5 million, an increase from RMB 226.7 million at the end of the previous year[22] - Trade payables and notes payable totaled RMB 287.6 million, up from RMB 241.9 million at the end of the previous year[23] - Current liabilities increased to RMB 487,200,000 from RMB 460,300,000[42] Dividends - The company did not declare an interim dividend for the period[1] - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[18] Research and Development - The company continues to focus on the design, development, production, and sales of high-strength polyester fiber composite materials and building materials[6] - The company aims to develop ecological building materials and expand its overseas market while accelerating its layout in the Chinese building materials market, promoting the "Sijia Super Energy Core" brand[52] - The company plans to enhance its new materials business and actively research new products, exploring new application areas and markets[52] - The company is focused on achieving digitalization of business operations, efficient horizontal and vertical collaboration, and integrating business and financial management[53] - The company is committed to enhancing the protection of intellectual property rights related to new technologies and processes, aiming to apply for more patents[53] Government Support and Community Engagement - The company received government grants amounting to RMB 9,962,000 for the development of new products and environmental initiatives during the reporting period[12] - The company is actively participating in rural revitalization and educational poverty alleviation activities, contributing to community development[53] Workforce - The company employed 715 staff as of June 30, 2024, up from 629 employees at the end of 2023[49] - The company is implementing a high-level talent cultivation plan to reserve technical research and digital talents for future development[53] Patents and Innovations - The company holds a total of 110 patents for material products, including 55 invention patents[28] Project Development - The company has completed the first phase of the Fuzhou Industrial Park project, with production operations now on track[53] - The establishment of a group safety management center is underway to promote the informatization and centralized management of safety across subsidiaries[53]

Financial Performance - The company's revenue for the year ended December 31, 2023, increased by 0.79% to approximately RMB 933.9 million from RMB 926.6 million in the previous year[28]. - The net profit attributable to shareholders for the year was approximately RMB 63.0 million, compared to RMB 46.2 million in the previous year, representing a growth of 36.3%[26]. - The gross profit margin improved to 19.9% in 2023 from 15.8% in 2022, indicating enhanced profitability[26]. - The gross profit for the year was approximately RMB 186 million, with a gross profit margin of 19.9%, an increase from 15.8% in 2022, primarily due to reduced purchasing costs[48]. - The total equity as of December 31, 2023, was approximately RMB 758,200,000, representing an increase of 17.4% from approximately RMB 645,900,000 as of December 31, 2022[57]. - The net debt ratio as of December 31, 2023, was 36.2%, up from 24.9% as of December 31, 2022[58]. - Financial costs amounted to approximately RMB 7,800,000 in 2023, a decrease from RMB 13,100,000 in 2022, mainly due to reduced interest on other loans and partial capitalization of bank loan interest[96]. Assets and Liabilities - Total assets increased to RMB 1,710.0 million in 2023, up from RMB 1,334.2 million in 2022, reflecting a growth of 28.2%[26]. - The company's total liabilities rose to RMB 951.8 million, compared to RMB 688.3 million in the previous year, resulting in a debt ratio of 36.2%[26]. - As of December 31, 2023, the group's interest-bearing bank borrowings were approximately RMB 605,000,000, up from RMB 302,000,000 in 2022[98]. Revenue Breakdown - Revenue from material products was approximately RMB 849.2 million, accounting for 90.9% of total revenue, with a growth of about 0.9% from RMB 841.6 million in 2022[45]. - Revenue from building materials was approximately RMB 84.7 million, representing 9.1% of total revenue, showing a slight decline of about 0.3% from RMB 85.0 million in 2022[46]. - The company’s domestic sales accounted for approximately 64.9% of total revenue, while export sales made up about 35.1%[41]. Strategic Initiatives - The company is focusing on digital transformation by implementing ERP, MES, SRM, and CRM systems to enhance operational efficiency[13]. - The company plans to continue facing challenges in 2024 due to geopolitical tensions and market conditions, while also focusing on green product development and digital management capabilities[44]. - The company has initiated the construction of the third phase of the Fuzhou Industrial Park in November 2023 to support future business growth in eco-friendly materials[31]. - The group plans to develop ecological building materials and expand into overseas markets while promoting the "Sijia Super Energy Core" brand in the Chinese building materials market[87]. - The group aims to achieve digitalization of business operations and enhance collaboration across various business units[87]. - The group plans to implement seven major development strategies, including talent strategy, safety strategy, green strategy, R&D strategy, digital strategy, supply chain management strategy, and cultural strategy[104]. Innovation and Sustainability - The company has successfully developed green products, including food-grade PVC materials and low-carbon materials, contributing to industry sustainability[14]. - The company showcased its low-carbon materials at the Hangzhou Asian Games, emphasizing its commitment to sustainable practices[35]. - The company has been recognized as a benchmark enterprise in the integration of new-generation information technology and manufacturing industries in Fujian Province[13]. - The company aims to enhance its competitive edge by investing in research and development to discover new technologies and launch new products[52]. - The group has engaged in the drafting and application of five patents, indicating a focus on innovation and technology development[93]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with its provisions as of December 31, 2023[116]. - The board consists of six directors, including three executive directors and three independent non-executive directors[123]. - The board is responsible for overseeing the management of the group and formulating long-term corporate strategies, including internal controls and risk management systems[118]. - The company has established three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, each with specific responsibilities[132]. - The company emphasizes the importance of high corporate governance standards to enhance performance, transparency, and accountability[131]. Compliance and Risk Management - The group is committed to complying with relevant laws and regulations, ensuring continued operational licenses[156]. - The group has allocated financial and human resources to ensure compliance with applicable rules and regulations[156]. - The board is responsible for assessing the group's ability to continue as a going concern and disclosing relevant matters unless liquidation is intended[188]. - The group has undergone an audit of its consolidated financial statements by Zhonghui Anda CPA Limited[185]. Employee and Training - The group is committed to improving employee quality, capability, and skills through internal training and competitive compensation packages based on performance[99]. - The group provides mandatory provident fund contributions for eligible employees in Hong Kong, calculated as a percentage of their basic salary[197]. - The group’s subsidiaries in mainland China participate in a central pension plan operated by local government departments, with contributions based on employee salaries[197].

Financial Performance - Revenue increased by 0.8% to RMB 933,900,000[1] - Gross profit increased by 27.1% to RMB 186,000,000[1] - Profit attributable to owners of the company was RMB 63,000,000[11] - Basic earnings per share were RMB 7.39[11] - Pre-tax profit was RMB 64,653,000, with income tax expenses of RMB 6,008,000[10] - Total comprehensive income attributable to owners was RMB 77,082,000[11] - For the year ended December 31, 2023, total revenue from external customers was RMB 933,930,000, a slight increase of 0.3% from RMB 926,621,000 in 2022[52] - The company's pre-tax profit for 2023 was RMB 64,653,000, which is an increase of 32.3% compared to RMB 48,858,000 in 2022[64] - The company reported a significant increase in interest income, which decreased to RMB 597,000 in 2023 from RMB 1,467,000 in 2022, indicating a decline of 59.3%[57] - The company’s revenue from material products was RMB 849,252,000 in 2023, a slight increase from RMB 841,648,000 in 2022, showing a growth of 0.8%[56] - The company achieved total revenue of approximately RMB 933.9 million for the year ended December 31, 2023, an increase of about RMB 7.3 million or 0.8% compared to RMB 926.6 million in 2022[84] Assets and Liabilities - Non-current assets increased to RMB 1,072,970,000 from RMB 766,882,000[19] - Inventory increased to RMB 232,334,000 from RMB 181,750,000[19] - Trade receivables increased to RMB 226,689,000 from RMB 181,183,000[19] - Current liabilities decreased to RMB 460,274,000 from RMB 479,093,000[19] - The total value of fixed assets as of December 31, 2023, was RMB 922,474,000, up from RMB 589,760,000 in 2022, reflecting a significant increase[37] - The net current assets increased significantly to RMB 176,705,000 in 2023 from RMB 88,221,000 in 2022, representing a growth of 100.5%[45] - The total assets less current liabilities rose to RMB 1,249,675,000 in 2023, up from RMB 855,103,000 in 2022, marking an increase of 46.2%[45] - The company’s total liabilities increased to RMB 491,519,000 in 2023 from RMB 209,177,000 in 2022, an increase of 134.5%[45] - The company’s capital and reserves rose to RMB 758,156,000 in 2023, up from RMB 645,926,000 in 2022, reflecting a growth of 17.4%[45] Expenses and Costs - Cost of goods sold decreased to RMB 747,892,000 in 2023 from RMB 780,301,000 in 2022, reflecting a reduction of approximately 4.1%[31] - Research and development expenses for 2023 were RMB 38,288,000, down from RMB 41,166,000 in 2022, indicating a decrease of about 7%[31] - Employee costs, including salaries and benefits, rose to RMB 61,187,000 in 2023 from RMB 52,519,000 in 2022, marking an increase of about 16.4%[31] - Administrative expenses increased to approximately RMB 83.2 million from RMB 77.1 million in 2022, mainly due to rising employee costs[119] Trade and Receivables - Trade receivables increased significantly, with raw materials rising to RMB 125,863,000 in 2023 from RMB 86,528,000 in 2022, representing a growth of approximately 45%[39] - Trade receivables increased to RMB 232,065,000 in 2023 from RMB 186,216,000 in 2022, reflecting a growth of 24.6%[70] - The company recorded trade receivables of RMB 232.1 million as of December 31, 2023, with a provision for losses of RMB 5.4 million, compared to RMB 186.5 million and RMB 5.3 million respectively in 2022[100] - The weighted average expected loss rate for trade receivables over 120 days was 45% in 2023, up from 17% in 2022, indicating increased credit risk[100] Strategic Initiatives and Development - The company plans to enhance green product development and digital management capabilities to maintain competitiveness amid global market challenges[87] - The group plans to develop ecological building materials and expand into overseas markets while promoting the "Sijia Super Energy Core" brand[136] - The establishment of an intelligent manufacturing technology research institute is planned to promote automation and smart upgrades across subsidiaries[158] - The group aims to implement seven strategic development initiatives, including talent strategy and digitalization, to enhance overall business operations in 2024[157] Dividends and Shareholder Returns - The company did not recommend the payment of dividends for the year ended December 31, 2023, consistent with the previous year[94] - The board does not recommend the distribution of a final dividend for the year ending December 31, 2023, consistent with 2022[152] Employee and Training - The group employed a total of 549 employees as of December 31, 2023, an increase from 510 employees in 2022[176] - The group is committed to enhancing employee quality and skills through internal training and competitive compensation packages[153] Miscellaneous - The company recognized government grants for new product development and environmental initiatives, with no specific conditions attached[29] - The company reported a net foreign exchange loss of RMB 1,182,000 in 2023, an improvement from a loss of RMB 6,983,000 in 2022[31] - The group has no significant acquisitions or disposals of subsidiaries, associates, or joint ventures for the year ending December 31, 2023[168] - The group has not engaged in any purchase, sale, or redemption of its listed shares during the year[169] - The group has pledged properties, machinery, and construction in progress totaling RMB 505.9 million as collateral for bank loans, compared to RMB 268.7 million in 2022[151] - The group will continue to monitor RMB exchange rate fluctuations and take appropriate measures as necessary[155]

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 447.722 million, a decrease of 16% compared to RMB 530.658 million for the same period in 2022 [27]. - Net profit for the six months ended June 30, 2023, was RMB 17.653 million, down 23.5% from RMB 23.110 million in the prior year [27]. - Earnings per share for the six months ended June 30, 2023, was RMB 2.29, compared to RMB 2.78 for the same period in 2022 [33]. - The group recorded a profit attributable to equity holders of approximately RMB 19.5 million, or basic earnings per share of RMB 0.0229, down from RMB 23.7 million or RMB 0.0278 in the previous year [130]. - Total revenue for the six months ended June 30, 2023, was RMB 447,722,000, a decrease of 15.6% compared to RMB 530,658,000 for the same period in 2022 [48]. Gross Profit and Margins - Gross profit for the period was approximately RMB 82,000,000, with a gross margin of 18.3%, an increase from 15.0% in the previous year due to lower raw material costs [3]. - Gross profit for the same period was RMB 82.013 million, with a gross margin of approximately 18.3% [27]. Assets and Liabilities - Total current assets were approximately RMB 551,300,000, while total current liabilities were approximately RMB 424,400,000, resulting in a net current asset value of RMB 126,900,000 [12]. - Total non-current assets increased to RMB 923.721 million as of June 30, 2023, compared to RMB 766.882 million at the end of 2022 [29]. - Current liabilities decreased to RMB 424.412 million from RMB 479.093 million at the end of 2022, improving the company's liquidity position [29]. - The net debt ratio as of June 30, 2023, was 33.5%, up from 24.9% as of December 31, 2022 [12]. - Total liabilities decreased to RMB 221,928,000 as of June 30, 2023, from RMB 276,138,000 as of December 31, 2022, indicating a reduction of approximately 19.6% [76]. Cash Flow and Financing - Cash and cash equivalents amounted to approximately RMB 82,800,000, a decrease from RMB 90,600,000 as of December 31, 2022 [14]. - Net cash generated from operating activities for the six months ended June 30, 2023, was RMB 2,767,000, down from RMB 8,686,000 in the same period of 2022 [42]. - The company incurred a net cash outflow from investing activities of RMB 180,836,000 for the six months ended June 30, 2023, compared to RMB 5,853,000 in the same period of 2022 [42]. - New borrowings during the financing activities amounted to RMB 221,462,000, an increase from RMB 137,000,000 in the same period of 2022 [42]. - Interest-bearing bank borrowings were approximately RMB 474,400,000, an increase from RMB 302,000,000 as of December 31, 2022, with a new bank loan of approximately RMB 221,500,000 obtained during the year [15]. Market and Sales Performance - Revenue from the Chinese market was RMB 281,700,000, down 25.1% from RMB 375,950,000 year-over-year [52]. - Material products revenue was RMB 406,822,000, a decline of 16.4% compared to RMB 486,838,000 in the previous year [52]. - Revenue from building materials was approximately RMB 40.9 million, representing about 9.1% of total revenue, a decrease of 6.7% from RMB 43.8 million in the previous year [120]. - Domestic sales contributed approximately 62.9% of total revenue, down from 70.8% in the previous year, while export sales accounted for about 37.1%, up from 29.2% [112]. Operational Developments - The company is focused on digital development and optimizing internal control processes to enhance operational efficiency [25]. - The company aims to enhance core competitiveness by developing high-performance product iterations and special materials for unique scenarios [25]. - The construction of the Sijia (Fuqing) Smart Industrial Park is underway, aiming to create a new materials production base with an environmentally friendly supply chain [25]. - The company is actively responding to policies and enhancing its internal and external circulation ecosystem while upgrading products across 18 industry sectors [116]. - The company plans to leverage the advantages of the Jiangyin Port area and optimize its global market layout to expand market share [116]. Human Resources - The company employed a total of 605 staff as of June 30, 2023, compared to 510 staff as of December 31, 2022, indicating a focus on enhancing human resources [21]. Government Grants and Other Income - The company received government grants amounting to RMB 1,642,000 for the six months ended June 30, 2023, down 58.6% from RMB 3,960,000 in the same period of 2022 [60]. - Other income and gains decreased to approximately RMB 5.6 million from RMB 11.7 million, primarily due to reduced government grants and foreign exchange gains [128]. Dividends and Shareholder Information - The company did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year [67]. - The board has resolved not to declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year [131]. Patents and Intellectual Property - The company holds a total of 121 patents for material products, including 54 invention patents, 61 utility model patents, and 1 software copyright patent [118].

Financial Performance - For the six months ended June 30, 2023, the profit attributable to owners decreased by approximately 17.6% to approximately RMB 19.5 million[1]. - Revenue for the same period was RMB 447.7 million, down from RMB 530.7 million in the previous year, representing a decrease of approximately 15.6%[9]. - Operating profit for the period was RMB 24.1 million, down from RMB 32.2 million in the previous year, reflecting a decrease of approximately 25.0%[9]. - The total comprehensive income for the period was RMB 17.7 million, compared to RMB 22.5 million in the previous year, indicating a decline of approximately 21.5%[9]. - The company's basic earnings per share for the six months ended June 30, 2023, was approximately RMB 2.29, compared to RMB 2.78 for the same period in 2022[26]. - The total comprehensive income attributable to the owners of the company for the six months ended June 30, 2023, was RMB 19.6 million, compared to RMB 23.1 million in 2022[35]. - Other income and gains for the period were approximately RMB 5.6 million, a decrease from RMB 11.7 million in the previous year, primarily due to reduced government grants and foreign exchange gains[74]. Assets and Liabilities - Non-current assets increased to RMB 923.7 million from RMB 766.9 million, showing a growth of approximately 20.4%[3]. - Current liabilities decreased to RMB 424.4 million from RMB 479.1 million, a reduction of approximately 11.4%[3]. - The net asset value of the company increased to RMB 676.9 million from RMB 645.9 million, reflecting an increase of approximately 4.8%[11]. - Cash and cash equivalents decreased to RMB 82.8 million from RMB 90.6 million, a decline of approximately 8.6%[3]. - Interest-bearing bank loans were approximately RMB 474.4 million as of June 30, 2023, an increase from RMB 302 million at the end of the previous year[78]. - The net debt ratio as of June 30, 2023, was 33.5%, up from 24.9% as of December 31, 2022[106]. Revenue Breakdown - Revenue from material products for the six months ended June 30, 2023, was RMB 406.8 million, down from RMB 486.8 million in 2022[33]. - Revenue from building materials was approximately RMB 40.90 million, representing 9.14% of total revenue, compared to RMB 43.82 million or 8.26% in the prior year, reflecting a decrease of about 6.7%[95]. - Revenue from the company's environmental building materials reached approximately RMB 406,800,000, accounting for about 90.9% of total revenue, down 16.4% from RMB 486,800,000 in the previous year[155]. - Domestic sales accounted for approximately 62.9% of total revenue, down from 70.8% in the previous year, while export sales accounted for 37.1%, up from 29.2%[90]. Costs and Expenses - Gross profit increased to RMB 82.0 million, with a gross margin improvement from 15.0% to 18.3%[8]. - Research and development costs were approximately RMB 18.8 million, accounting for 4.2% of revenue, down from 4.7% in the previous year[72]. - Administrative expenses increased by approximately RMB 2.4 million or 5.8% to about RMB 43.1 million, primarily due to rising employee costs[99]. - The company incurred a loss of RMB 99 from the sale/write-off of property, plant, and equipment for the six months ended June 30, 2023, compared to a loss of RMB 53 in 2022[23]. - The company's depreciation of property, plant, and equipment for the six months ended June 30, 2023, was RMB 33.2 million, compared to RMB 31.7 million in 2022[23]. Strategic Initiatives - The company plans to enhance core competitiveness by developing new high-performance products and special materials for specific scenarios[115]. - The company aims to optimize its global market layout and expand market share by leveraging its production bases and geographical advantages[93]. - The company is actively responding to national policies and implementing strategic deployments to navigate the challenges posed by international trade tensions and global inflation[133]. - The company aims to enhance its competitive edge by cultivating a high-level technical talent team to promote sustainable development[134]. - The company is constructing the "Sijia (Fuqing) Smart Industrial Park" project to establish a new materials production base, enhancing efficiency and quality in the supply chain[133]. - The company emphasizes compliance with relevant laws and regulations to maintain operational licenses and good relationships with regulatory authorities[134]. - The company is focused on digital development and aims to achieve efficient, accurate, sustainable, and digital strategic goals in line with industrial supply chain advancements[134]. Shareholder Returns - The company has decided not to declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[104]. - The total number of issued ordinary shares was approximately 852.6 million for both periods under review[26].

中国托天 | M BEIJING 2022 財務摘要 2 董事及高層管理人員履歷詳情 19 獨立核數師報告 76 綜合現金流量表 85 公司資料 效益比率 平均存貨周轉（天數） 90 54 | --- | --- | --- | |----------------------------------|---------|---------| | | | | | 現金及現金等價物（人民幣百萬元） | 90.6 | 78.0 | | 總資產（人民幣百萬元） | 1,334.2 | 1,391.4 | | 總負債（人民幣百萬元） | 688.3 | 831.7 | | 權益總額（人民幣百萬元） | 645.9 | 559.7 | | 流動比率（倍） | 1.2 | 1.0 | | 速動比率（倍） | 0.8 | 0.74 | | 負債比率－借款除以總資產 (%) | 25.0 | 19.0 | 各位股東： 截至二零二二年十二月三十一日止年度，本集團錄得收入由去年約人民幣1,441,000,000元減少35.7%至人民幣約 926,600,000元。本年度股東應佔溢利約為人民幣46,188,000元，而去年則為人民幣 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公司於二零零九年十月七日在開曼群島註冊成立為一家有限公司，其註冊辦事處 地址為Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands。本公司主要營業地點為香港九龍尖沙咀東科學館道1號康宏廣場航天科技大 廈6樓617室。本公司的股份於香港聯合交易所有限公司主板上市，並自二零一三年 二月十四日起暫停買賣。 全年業績 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 綜合財務報表附註 本公司為投資控股公司。年內本公司透過其主要附屬公司主要從事設計、開發、生 產及銷售(i)高強聚酯纖維高分子複合材料及其他強化複合材料及常規材料（「材料產 品」）及(ii) PVC及Non-PVC複合材料地板及牆板（「建材產品」）。 2. 編製基準 編製符合香港財務報告準則之 ...