旷世芳香(01925)发布公告，根据欧盟执行机构欧盟委员会进行的反倾销调查结果，欧盟委员会于2025 年8月13日公布实施一项法规，对原产于中华人民共和国的进口蜡烛、小蜡烛及同类产品征收临时反倾 销税。公司于中华人民共和国成立的附属公司生产并进口至欧盟成员国的蜡烛产品适用临时关税税率为 70.9%。欧盟委员会表示，关于征收临时关税税率的调查结果乃为临时性，并可能会在反倾销调查的终 裁阶段时修改。 董事认为，鉴于集团逾50%销量源自欧盟成员国客户的采购蜡烛产品订单，故临时关税可能会对集团的 整体收入及溢利造成影响。 ...

董事认为，鉴于集团逾50%销量源自欧盟成员国客户的采购蜡烛产品订单，故临时关税可能会对集团的 整体收入及溢利造成影响。 智通财经APP讯，旷世芳香(01925)发布公告，根据欧盟执行机构欧盟委员会进行的反倾销调查结果，欧 盟委员会于2025年8月13日公布实施一项法规，对原产于中华人民共和国的进口蜡烛、小蜡烛及同类产 品征收临时反倾销税。公司于中华人民共和国成立的附属公司生产并进口至欧盟成员国的蜡烛产品适用 临时关税税率为70.9%。欧盟委员会表示，关于征收临时关税税率的调查结果乃为临时性，并可能会在 反倾销调查的终裁阶段时修改。 ...

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 之 任 何 損 失 承 擔 任 何 責 任。 KWUNG'S AROMA HOLDINGS LIMITED 曠世芳香控股有限公司 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 通 知 本 公 司 股 東（「股 東」）及 潛 在 投 資 者， 根 據 歐 盟 執 行 機 構 歐 盟 委 員 會（「歐盟委員會」）進 行 的 反 傾 銷 調 查 結 果，歐 盟 委 員 會 於 二 零 二 五 年 八 月 十 三 日 公 佈 實 施 一 項 法 規，對 原 產 於 中 華 人 民 共 和 國 的 進 口 蠟 燭、小 蠟 燭 及 同 類 產 品 徵 收 臨 時 反 傾 銷 稅（「臨時關稅」）。本 公 司 於 中 華人民共和國成立的附屬公司生產並進口至歐盟成員國的蠟燭產品適用臨時 關稅稅率為70.9%（「臨時關稅稅率」）。歐 盟 委 ...

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之任何 損失承擔任何責任。 曠世芳香控股有限公司（「本公司」）董事會（「董事會」）謹此通告，董事會將於二零二五年 八月二十九日（星期五）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截 至二零二五年六月三十日止六個月之未經審核業績，以及考慮派發股息（如有）。 承董事會命 曠世芳香控股有限公司 公司秘書 劉仲緯 香港，二零二五年八月十四日 KWUNG'S AROMA HOLDINGS LIMITED 曠世芳香控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號: 1925) 董事會會議通告 於本公告日期，本公司之執行董事為金建新先生及田東先生；以及本公司之獨立非執行董事為黎振宇先生、 徐瓊女士及周凱先生。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01925 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.001 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.001 HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD 10,000,000 FF301 第 1 頁 ...

Core Viewpoint - The aromatherapy market is experiencing significant growth, transitioning from luxury items to essential daily products, driven by increasing disposable income and consumer demand for wellness solutions, especially in the post-pandemic era [1][7][28]. Industry Definition and Classification - Aromatherapy products include essential oils, candles, diffusers, stones, and tablets, aimed at improving air quality and enhancing mood [2][3]. - The market is categorized into various segments, including perfumes, essential oils, and other fragrance products, with specific classifications based on concentration levels [3]. Current Development Status Global Market - The global aromatherapy market is projected to reach USD 79.003 billion in 2024, with the perfume segment accounting for USD 65.543 billion and essential oils for USD 8.743 billion [5]. - The market is expected to grow to USD 82.374 billion by 2025, indicating a robust demand for natural therapies over synthetic alternatives [5]. Chinese Market - In China, the aromatherapy industry is expected to produce 656.907 million units and reach a market size of CNY 27.852 billion in 2024, with projections of 709.388 million units and CNY 30.034 billion by 2025 [7][10]. Industry Chain - The upstream of the aromatherapy industry includes flower cultivation, fragrance materials, and packaging, which are crucial for product quality and market competitiveness [12][14]. - The distribution channels are diversifying, with both online and offline sales channels playing significant roles in market growth [12]. Competitive Landscape - The global market features intense competition with established brands like Chanel and Dior dominating the high-end segment, while emerging brands focus on natural and organic products [23][25]. - In China, domestic brands are gaining traction, appealing to younger consumers with unique cultural narratives and product offerings [23][27]. Development Trends Product Diversification and Personalization - The industry is moving towards offering a wider range of products, including smart diffusers and personalized fragrance options to cater to diverse consumer preferences [28][29]. Environmental and Health Focus - There is a growing emphasis on eco-friendly and health-conscious products, with a shift towards natural and organic ingredients [30]. Technological Innovation - The integration of smart technology in aromatherapy products is becoming a key trend, enhancing user experience and convenience [31].

Financial Performance - The company reported a consolidated profit of HK$XX million for the year, representing a YY% increase compared to the previous year[6]. - Total revenue exceeded RMB 1 billion, achieving a year-on-year increase of 24.1% to approximately RMB 1,001.2 million for the year ended December 31, 2024[31][44]. - Net profit reached RMB 118.66 million, representing a staggering 95% increase compared to the previous year[31]. - The Group's gross profit increased by approximately RMB62.1 million or 38.3% to approximately RMB224.2 million for the year ended 31 December 2024 from approximately RMB162.1 million for the year ended 31 December 2023[49]. - The gross profit margin improved from approximately 20.1% for the year ended 31 December 2023 to approximately 22.4% for the year ended 31 December 2024, attributed to economies of scale and the appreciation of USD against RMB[50]. User and Market Growth - User data showed a growth of ZZ% in active users, reaching a total of AA million users by the end of the reporting period[6]. - The company plans to expand its market presence in the Asia-Pacific region, targeting a market share increase of DD% over the next two years[6]. - The Group is focusing on expanding its customer base in European countries and the Americas to drive sustainable business growth[42]. - The Group aims to leverage market opportunities in aromatic products to drive continuous innovation and growth[37]. - The Group is actively expanding its customer base, including targeting new geographical markets such as the United States[122]. Strategic Initiatives - The company provided a future outlook, projecting a revenue growth of BB% for the next fiscal year, driven by new product launches and market expansion strategies[6]. - Investment in new product development increased by CC%, focusing on innovative technologies to enhance customer experience[6]. - A strategic acquisition was completed, enhancing the company's capabilities in the e-commerce sector, expected to contribute an additional EE million in revenue annually[6]. - The management highlighted a new marketing strategy aimed at increasing brand awareness, with a budget allocation of FF million for the upcoming year[6]. - The company is exploring partnerships with technology firms to leverage AI and data analytics, aiming for a competitive edge in the market[6]. Operational Efficiency - The company reported a significant improvement in operational efficiency, reducing costs by GG% through streamlined processes[6]. - Increased R&D investments and optimized supply chain management have ensured stable operations and cash flow for the Company[36]. - The production base in Vietnam has been constructed and put into operation, enhancing supply chain resilience[32]. - The balance of trade and other payables slightly decreased due to reduced payables from the completion of construction at the Wuhu Production Base[111]. Financial Management and Governance - The annual dividend policy has been maintained and optimized to reward investors[36]. - The statutory tax rate for Hong Kong profits tax is 8.25% on assessable profits up to HKD2,000,000 and 16.5% on any part of assessable profits over HKD2,000,000[76]. - The Group's income tax expense decreased by approximately RMB2.9 million or 17.3% to approximately RMB13.8 million for the year ended 31 December 2024 from approximately RMB16.7 million for the year ended 31 December 2023[79]. - The company has a strong governance structure with independent non-executive directors providing oversight and independent advice to the board[153]. - The company assessed the independence of all independent non-executive directors and confirmed their independence[197]. Assets and Liabilities - The net carrying amount of the Group's property, plant, and equipment increased by approximately RMB32.7 million during the year ended 31 December 2024, primarily due to construction costs capitalized for the WuHu Production Base[84]. - The Group's inventory balance increased by approximately RMB32.6 million or 47.5% from approximately RMB68.7 million as at 31 December 2023 to approximately RMB101.3 million as at 31 December 2024[88]. - Cash and cash in bank increased by approximately RMB171.7 million or 93.5% to approximately RMB355.5 million as at 31 December 2024 from approximately RMB183.8 million as at 31 December 2023[105]. - The balance of lease liabilities increased by approximately RMB 18.6 million to approximately RMB 19.7 million as of December 31, 2024, from approximately RMB 1.1 million as of December 31, 2023, due to new lease arrangements[113]. Management and Personnel - Mr. Tian has over 19 years of service in the group, overseeing financial and capital operations since 2004[137]. - Mr. Shao has extensive experience in business strategy formulation and was responsible for new product development at Guangzhou Shi Xinli Metal Limited from 2005 to 2015[141]. - Ms. Xu has over 10 years of experience in financial and local tax advisory services in the PRC and is a major shareholder of Ningbo Huihao Tax Agent Company Limited[154]. - The company’s board includes a chairman, two executive directors, one non-executive director, and three independent non-executive directors[196]. - The independent directors are responsible for ensuring compliance and governance standards are met within the organization[156].

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company reported strong financial performance in 2024, with significant growth in revenue, gross profit, and net profit 2024 Annual Financial Highlights | Indicator | 2024 | 2023 | Change | | :--- | :--- | :--- | :--- | | Revenue | RMB 1,001,219 thousand | RMB 806,551 thousand | +24.1% | | Gross Profit | RMB 224,195 thousand | RMB 162,132 thousand | +38.3% | | Gross Profit Margin | 22.4% | 20.1% | +2.3 percentage points | | Profit for the Year | RMB 118,664 thousand | RMB 60,797 thousand | +95.2% | | Earnings Per Share (Basic and Diluted) | 29.3 cents | 15.0 cents | +95.6% | [Management Discussion & Analysis](index=2&type=section&id=Management%20Discussion%20%26%20Analysis) This section provides an overview of the group's operational strategies and detailed financial performance for the reporting period [Business Review](index=2&type=section&id=Business%20Review) The group's core business involves designing and manufacturing home decor and fragrance products, focusing on wholesale, while expanding customer base and investing in R&D - The core business provides design and manufacturing solutions for home decor and home fragrance products, such as scented candles and diffusers[4](index=4&type=chunk) - The company's strategies include: - **Deepening customer relationships**: Providing more tailored solutions for existing loyal customers - **Expanding new customers**: Actively exploring new customers in European and American markets for sustainable business growth - **Continuous R&D investment**: Collaborating with universities to develop new technologies and products, such as shea butter wax products and biodegradable glitter products, to meet customer demands[4](index=4&type=chunk)[5](index=5&type=chunk) [Financial Review](index=2&type=section&id=Financial%20Review) The group achieved strong financial results in FY2024, driven by revenue growth, improved gross margin, and significant non-recurring gains, despite increased operating expenses [Revenue](index=2&type=section&id=Revenue) Group revenue increased by 24.1% to RMB 1,001.2 million, driven by increased orders from existing clients, new customer acquisition, and favorable USD appreciation Revenue Performance | Period | Revenue (RMB millions) | Year-on-Year Growth | | :--- | :--- | :--- | | 2024 | 1,001.2 | 24.1% | | 2023 | 806.6 | - | - Key drivers for revenue growth include: - Increased purchase orders from existing customers - Acquisition of several new customers - Appreciation of the US dollar against the RMB, leading to increased revenue from USD-denominated overseas orders[6](index=6&type=chunk) [Gross Profit and Gross Profit Margin](index=3&type=section&id=Gross%20Profit%20and%20Gross%20Profit%20Margin) Gross profit grew 38.3% to RMB 224.2 million, with margin improving to 22.4% due to economies of scale and favorable exchange rates Gross Profit and Gross Profit Margin Performance | Indicator | 2024 (RMB millions) | 2023 (RMB millions) | Change | | :--- | :--- | :--- | :--- | | Gross Profit | 224.2 | 162.1 | +38.3% | | Gross Profit Margin | 22.4% | 20.1% | +2.3 percentage points | [Administrative Expenses](index=3&type=section&id=Administrative%20Expenses) Administrative expenses increased by 30.5% to RMB 101.2 million, primarily due to increased staffing for the new Wuhu production facility and salary adjustments - Administrative expenses increased by **30.5%** from RMB 77.5 million in 2023 to **RMB 101.2 million** in 2024, mainly due to increased administrative staff to support the new Wuhu production facility and adjustments to existing employee salaries[9](index=9&type=chunk) [Selling and Marketing Expenses](index=3&type=section&id=Selling%20and%20Marketing%20Expenses) Selling and marketing expenses rose 10.7% to RMB 30.9 million, mainly driven by increased sales team salary costs to support business growth - Selling and marketing expenses increased by **10.7%** from RMB 27.9 million in 2023 to **RMB 30.9 million** in 2024, primarily due to increased salary costs for the sales team[11](index=11&type=chunk) [Other Gains, net](index=4&type=section&id=Other%20Gains%2C%20net) Net other gains increased to RMB 33.5 million, primarily due to a non-recurring gain of approximately RMB 21.7 million from the disposal of a subsidiary - The increase in net other gains was primarily due to a non-recurring gain of approximately **RMB 21.7 million** from the disposal of a subsidiary[12](index=12&type=chunk) [Finance Income/(Costs), net](index=4&type=section&id=Finance%20Income%2F%28Costs%29%2C%20net) The financial position shifted from a net cost of RMB 1.4 million to a net income of RMB 3.9 million, primarily due to higher interest income from Hong Kong bank deposits - The financial position shifted from a net cost of **RMB 1.4 million** in 2023 to a net income of **RMB 3.9 million** in 2024, primarily due to net interest income from high-interest bank deposits in Hong Kong[13](index=13&type=chunk)[14](index=14&type=chunk) [Income Tax](index=5&type=section&id=Income%20Tax) Despite increased pre-tax profit, income tax expense decreased by 17.3% to RMB 13.8 million, mainly due to reduced deferred tax expenses - Income tax expense decreased by **17.3%** from RMB 16.7 million in 2023 to **RMB 13.8 million** in 2024, primarily due to a reduction in deferred tax expenses[19](index=19&type=chunk) - Subsidiary Ningbo Kuangshi, as a "High-Tech Enterprise," enjoys a preferential corporate income tax rate of **15%** from 2023 to 2026[19](index=19&type=chunk) [Review of Financial Position](index=6&type=section&id=Review%20of%20Financial%20Position) As of year-end 2024, total assets increased to RMB 1,003.3 million, driven by growth in property, plant, equipment, inventory, and a significant rise in cash and bank balances Key Balance Sheet Item Changes | Item | December 31, 2024 (RMB thousands) | December 31, 2023 (RMB thousands) | Reason for Change | | :--- | :--- | :--- | :--- | | Property, Plant and Equipment | 197,503 | 164,801 | Capitalized construction costs for Wuhu production base | | Inventories | 101,283 | 68,653 | Consistent with business growth | | Trade Receivables | 163,705 | 151,192 | Consistent with revenue growth | | Cash and Bank Balances | 355,512 | 183,765 | Good sales collection | | Lease Liabilities | 19,721 (Current + Non-current) | 1,122 | New production facility lease arrangements | [Outlook](index=9&type=section&id=Outlook) The group outlines its strategic initiatives for future growth, including production capacity expansion and market diversification [Recent Developments](index=9&type=section&id=Recent%20Developments) The group is constructing a new production base in Wuhu, Anhui, expected to commence operations in H1 2025, and has invested surplus cash in Chinese investment funds - The new production base in Wuhu, Anhui, is expected to commence operations in the **first half of 2025** due to delays in surrounding facilities, aiming to enhance product quality and production efficiency with more advanced machinery[31](index=31&type=chunk) - In January 2025, the group invested **RMB 100 million** of surplus cash into two Chinese investment funds for low-risk wealth management[32](index=32&type=chunk) [Future Plans](index=9&type=section&id=Future%20Plans) The group plans to explore establishing overseas production facilities and actively expand its customer base, focusing on new markets like the United States - Future plans include: - **Capacity Expansion**: Exploring the establishment of new production facilities overseas in addition to the Wuhu base - **Market Expansion**: Actively expanding the customer base, including entering new markets such as the United States, while solidifying existing customer relationships[33](index=33&type=chunk) [Financial Information](index=9&type=section&id=Financial%20Information) This section presents the consolidated financial statements, including the income statement, balance sheet, and detailed notes on key accounts [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=10&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The 2024 financial report shows group revenue of RMB 1,001.2 million, gross profit of RMB 224.2 million, and net profit of RMB 118.7 million, with basic and diluted EPS at RMB 0.29 Consolidated Statement of Profit or Loss Summary (For the year ended December 31) | Item | 2024 (RMB thousands) | 2023 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 1,001,219 | 806,551 | | Gross Profit | 224,195 | 162,132 | | Operating Profit | 128,542 | 78,847 | | Profit Before Income Tax | 132,441 | 77,456 | | Profit for the Year | 118,664 | 60,797 | | Earnings Per Share (Basic and Diluted) | 29 cents | 15 cents | [Consolidated Statement of Financial Position](index=11&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of December 31, 2024, total assets reached RMB 1,003.3 million, with total liabilities at RMB 472.5 million and total equity at RMB 530.8 million Consolidated Statement of Financial Position Summary (As at December 31) | Item | 2024 (RMB thousands) | 2023 (RMB thousands) | | :--- | :--- | :--- | | **Assets** | | | | Total Non-current Assets | 256,853 | 217,361 | | Total Current Assets | 746,456 | 536,862 | | **Total Assets** | **1,003,309** | **754,223** | | **Equity and Liabilities** | | | | Total Equity | 530,769 | 445,555 | | Total Non-current Liabilities | 12,288 | 26,000 | | Total Current Liabilities | 460,252 | 282,668 | | **Total Liabilities** | **472,540** | **308,668** | | **Total Equity and Liabilities** | **1,003,309** | **754,223** | [Notes to the Financial Statements](index=13&type=section&id=Notes%20to%20the%20Financial%20Statements) The notes provide detailed explanations of key accounting items, including revenue breakdown by product category, expense analysis, and earnings per share calculation Revenue by Category (Note 3) | Category | 2024 (RMB thousands) | 2023 (RMB thousands) | | :--- | :--- | :--- | | Candles | 700,178 | 546,884 | | Home Fragrance | 212,456 | 142,814 | | Home Decor | 88,585 | 116,853 | | **Total** | **1,001,219** | **806,551** | Earnings Per Share Calculation (Note 9) | Item | 2024 | 2023 | | :--- | :--- | :--- | | Profit attributable to owners of the Company (RMB thousands) | 118,602 | 60,645 | | Weighted average number of ordinary shares in issue (thousands) | 405,042 | 405,042 | | Basic earnings per share (RMB) | 0.29 | 0.15 | - Total trade receivables increased from **RMB 154 million** to **RMB 167 million**, with USD-denominated receivables increasing from **RMB 112 million** to **RMB 154 million**, reflecting growth in overseas business[50](index=50&type=chunk)[51](index=51&type=chunk) [Other Information](index=20&type=section&id=Other%20Information) This section covers the board's dividend recommendation and the company's adherence to corporate governance principles [Dividend](index=20&type=section&id=Dividend) The Board of Directors does not recommend the payment of any final dividend for the year ended December 31, 2024 - The Board of Directors does not recommend a final dividend for the year 2024[59](index=59&type=chunk) [Corporate Governance](index=20&type=section&id=Corporate%20Governance) The company generally complies with corporate governance codes, with a noted deviation where the Chairman and CEO roles are combined - The company deviates from the Corporate Governance Code's requirement for separation of Chairman and Chief Executive Officer roles, as both positions are currently held by Mr Jin Jianxin[62](index=62&type=chunk)

Financial Performance - The company reported a significant increase in revenue, achieving HK$XX million for the interim period, representing a YY% growth compared to the previous year[21]. - The Group's revenue increased by approximately RMB32.1 million or 10.6% to approximately RMB334.2 million for the six months ended June 30, 2024, compared to approximately RMB302.1 million for the same period in 2023[13]. - Revenue for the six months ended June 30, 2024, increased to RMB 334,205,000, up 10.6% from RMB 302,076,000 in the same period of 2023[53]. - Profit for the period attributable to owners of the Company was RMB 50,881,000, up 66.9% from RMB 30,459,000 in 2023[54]. - Gross profit rose to RMB 81,505,000, representing a 22.1% increase compared to RMB 66,763,000 in the prior year[53]. - Operating profit improved to RMB 50,571,000, a 33.5% increase from RMB 37,880,000 in the previous year[53]. - The total equity attributable to owners of the Company rose to RMB 495,641,000, a 11.5% increase from RMB 444,760,000 at the end of 2023[55]. - Basic earnings per share for profit attributable to the owners of the Company increased to 12.6 RMB cents, up from 7.5 RMB cents, representing a 68% growth year-over-year[112]. Customer and Market Growth - User data showed a growth in active customers, reaching ZZ million, which is an increase of AA% year-over-year[21]. - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of BB% based on current market trends and customer demand[21]. - Market expansion efforts are underway, targeting new regions with a projected market share increase of EE% within the next two years[21]. - New product launches are expected to contribute to revenue growth, with an estimated impact of CC million in the upcoming fiscal year[21]. Operational Efficiency and Investments - The company is investing in R&D, allocating DD% of its revenue towards developing new technologies and enhancing existing product lines[21]. - The Group established a new production base in Wuhu City, Anhui Province, with a total estimated cost exceeding RMB180 million and expected to commence production in Q4 2024[11]. - The New Yinzhou Plant has improved production efficiency through "Informatisation" of the supply chain and production cycle, recognized by customers for reduced production time[11]. - The Group's production capacity is expected to increase significantly with the new production base, enhancing overall operational capabilities[11]. Financial Management and Costs - Cost management strategies have been implemented, aiming to reduce operational expenses by FF% over the next fiscal year[21]. - Administrative expenses increased by approximately RMB14.3 million or 49.1% to approximately RMB43.4 million for the six months ended June 30, 2024, driven by increased headcount and payroll costs[15]. - Selling and marketing expenses rose by approximately RMB1.7 million or 9.5% to approximately RMB19.0 million for the six months ended June 30, 2024, due to enhanced efforts on sales channels[15]. - The Group's finance income increased due to higher interest earned from fixed deposit arrangements, while finance costs decreased due to negotiations for more cost-effective banking facilities[16]. Sustainability and Corporate Governance - Sustainability initiatives are being prioritized, with plans to reduce carbon emissions by GG% by 2025[21]. - The Company has complied with the Corporate Governance Code throughout the six months ended June 30, 2024, except for the segregation of roles between the chairman and the chief executive[30]. - All Directors confirmed compliance with the standards set out in the Model Code regarding securities transactions throughout the six months ended June 30, 2024[32]. Shareholder Information - As of June 30, 2024, JIN Jianxin holds 251,360,286 shares, representing approximately 62.06% of the total issued shares of the Company[37]. - RU Liming holds 52,102,857 shares, representing approximately 12.86% of the total issued shares of the Company[41]. - The Company declared an interim dividend of HK$0.09 per share, payable on or about September 30, 2024[52]. Financial Position and Assets - Total assets as of June 30, 2024, reached RMB 984,518,000, an increase of 30.5% from RMB 754,223,000 at the end of 2023[55]. - The Group's inventory balance increased by approximately RMB87.6 million or 127.6% to approximately RMB156.3 million as at 30 June 2024, mainly due to finished goods pending delivery and increased stock levels of raw materials for upcoming production plans[25]. - Trade receivables increased by approximately RMB17.7 million or 11.5% from approximately RMB154.2 million as at 31 December 2023 to approximately RMB171.9 million as at 30 June 2024, in line with sales growth during the current period[25]. - The balance of trade and other payables increased by approximately RMB 106.1 million from RMB 169.1 million as of December 31, 2023, to RMB 275.2 million as of June 30, 2024, primarily due to the purchase of more raw materials for upcoming production plans and costs related to the construction of a new production base in Wuhu City, Anhui Province[29]. Risk Management - The Group's activities expose it to various financial risks, including credit risk, liquidity risk, and foreign exchange risk, with no changes in risk policies since December 31, 2023[71]. - The Group aims to maintain an optimal capital structure to reduce the cost of capital and may adjust dividends, issue new shares, or sell assets to manage capital[71]. - The Group's overall risk management program focuses on minimizing potential adverse effects on financial performance due to market unpredictability[71].

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 334.2 million, representing a 10.6% increase from RMB 302.1 million for the same period in 2023[2]. - Gross profit for the same period was RMB 81.5 million, up 22.1% from RMB 66.8 million, with a gross margin increase from 22.1% to 24.4%[2][5]. - Net profit attributable to owners of the company increased by 66.8% to RMB 50.9 million, compared to RMB 30.5 million in the previous year[2]. - The group recorded a net profit of RMB 50.9 million for the six months ended June 30, 2024, compared to RMB 30.5 million for the same period in 2023, reflecting a significant increase in profitability[23]. - The gross profit margin improved, with gross profit rising to RMB 81.5 million for the six months ended June 30, 2024, compared to RMB 66.8 million in the previous year[23]. - Basic and diluted earnings per share increased to RMB 6.0 for the six months ended June 30, 2024, compared to RMB 7.5 for the same period in 2023[24]. - Basic earnings per share increased to RMB 12.6 for the six months ended June 30, 2024, compared to RMB 7.5 for the same period in 2023[36]. Dividends - The company declared an interim dividend of HKD 0.09 per share, compared to no dividend declared in the same period last year[2]. - The company declared an interim dividend of HKD 0.09 per share, which will be paid in cash on or around September 30, 2024[45]. - The company has not declared any dividends for the periods ended June 30, 2023, and June 30, 2024, but announced an interim dividend of HKD 0.09 per share on August 30, 2024[34]. Expenses and Costs - Administrative expenses rose by 49.1% to RMB 43.4 million, primarily due to increased staffing and operational costs associated with the new production base[8]. - Sales and marketing expenses increased by 9.5% to RMB 19.0 million, reflecting greater investment in sales channels[9]. - Income tax expenses increased by 22.2% to RMB 7.7 million, attributed to higher pre-tax profits for the period[12]. - Operating expenses were reduced by 8%, contributing to improved profitability[49]. Production and Operations - The establishment of a new production base in Wuhu, Anhui Province, is expected to cost over RMB 180 million and is projected to commence operations in Q4 2024[3]. - The company has implemented advanced automation in its production facilities, enhancing efficiency and reducing production time[3]. - The group's property, plant, and equipment net value increased by approximately RMB 39.5 million as of June 30, 2024, primarily due to the construction costs of a new production base in Wuhu, Anhui Province[13]. Assets and Liabilities - As of June 30, 2024, total assets amounted to RMB 984,518 thousand, an increase of 30.5% from RMB 754,223 thousand as of December 31, 2023[25]. - The company’s total liabilities increased to RMB 485,144 thousand as of June 30, 2024, up from RMB 282,668 thousand as of December 31, 2023, representing a growth of 71.5%[26]. - Current assets totaled RMB 736,845 thousand as of June 30, 2024, a significant increase of 37.2% from RMB 536,862 thousand as of December 31, 2023[25]. Inventory and Receivables - Inventory balance rose by approximately RMB 87.6 million or 127.6% from about RMB 68.7 million on December 31, 2023, to approximately RMB 156.3 million as of June 30, 2024, due to pending deliveries of finished products and increased raw material inventory for upcoming production plans[16]. - Trade receivables increased by approximately RMB 17.7 million or 11.5% from about RMB 154.2 million on December 31, 2023, to approximately RMB 171.9 million as of June 30, 2024, in line with sales growth during the period[17]. - Prepayments and other receivables increased by approximately RMB 63.7 million or 194.9% from about RMB 32.7 million on December 31, 2023, to approximately RMB 96.3 million as of June 30, 2024, mainly due to increased prepayments for raw material purchases[18]. Market and Strategic Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[49]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on expanding the product line[49]. - The company is investing in new technology development, allocating HKD 50 million for R&D initiatives in the upcoming year[49]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[49]. - The company is considering strategic acquisitions to enhance its market position, with potential targets identified[49]. - A new marketing strategy is being implemented, aiming to increase brand awareness and customer engagement by 30%[49]. Other Income and Gains - Other income included a one-time gain of approximately RMB 21.7 million from the sale of a subsidiary and RMB 5.5 million from foreign exchange gains[10]. - The group recorded a fair value gain of approximately RMB 2.8 million from investments in private equity funds as of June 30, 2024[19].