Financial Performance - For the year ended December 31, 2023, the total revenue was RMB 264,457,000, representing an increase from RMB 260,514,000 in 2022, which is a growth of approximately 1.5%[3] - The gross profit for the same period was RMB 16,744,000, down from RMB 28,125,000 in 2022, resulting in a gross margin of 6.3%, compared to 10.8% in the previous year[3] - The net loss from continuing operations for the year was RMB 19,249,000, compared to a loss of RMB 9,254,000 in 2022, indicating a significant increase in losses[3] - The loss per share attributable to owners of the company from continuing and discontinued operations was RMB (9.54) for 2023, compared to RMB (3.63) in 2022[3] - The company reported a loss from discontinued operations of RMB 12,250,000 in 2023, contrasting with a profit of RMB 2,177,000 in 2022[3] - Total comprehensive loss for the year was RMB 31,499,000, compared to a loss of RMB 7,077,000 in the previous year, reflecting a worsening financial position[3] - The company reported a net loss of RMB 19,249,000 for the year, compared to a loss of RMB 9,254,000 in the previous year, indicating a significant increase in losses[9] - Total comprehensive loss for the year amounted to RMB 20,891,000, a substantial increase from RMB 123,000 in the prior year[9] - The company reported a net loss for the year of RMB 31,499 thousand in 2023, compared to a net loss of RMB 7,077 thousand in 2022, marking a significant deterioration in financial performance[24] - The company reported a loss before tax of RMB 27,074 thousand for the year ended December 31, 2023, compared to a loss of RMB 7,566 thousand in 2022, indicating a significant increase in losses[24] Revenue Sources - Major customers contributed approximately 84% of total revenue in 2023, up from 82% in 2022, highlighting a growing reliance on key clients[28] - Customer A generated revenue of RMB 55,586 thousand in 2023, down from RMB 72,179 thousand in 2022, reflecting a decline of about 23%[27] - Revenue from the Chinese market accounted for RMB 265,415 thousand in 2023, up from RMB 263,177 thousand in 2022, showing a slight growth in domestic sales[35] - Revenue from electronic manufacturing services for the year 2023 was RMB 264,457,000, a slight increase from RMB 260,514,000 in 2022, representing a growth of approximately 0.55%[38] - Total revenue recognized for the year ended December 31, 2023, amounted to RMB 265,573,000, compared to RMB 263,248,000 in 2022, indicating a year-over-year increase of about 0.88%[38] - Revenue from PCBA used in telecommunications devices increased by approximately 6.9% to RMB 140.7 million, accounting for 53.1% of total revenue[111] - Revenue from PCBA used in IoT products decreased by approximately 30.1% to RMB 62.5 million, representing 23.5% of total revenue[112] - Revenue from PCBA used in automotive-related devices surged by approximately 87.1% to RMB 58.8 million, contributing 22.1% to total revenue[111] Expenses and Costs - The company incurred administrative and other operating expenses of RMB 31,714,000, down from RMB 37,292,000 in 2022, indicating cost control efforts[5] - The cost of materials and consumables used in 2023 was RMB 103,461,000, an increase from RMB 91,901,000 in 2022, representing a growth of about 12.5%[44] - The company incurred financial costs of RMB 772,000 in 2023, down from RMB 1,203,000 in 2022, indicating a reduction of approximately 35.8%[43] - Employee costs, including directors' remuneration, increased to RMB 85,742,000 in 2023 from RMB 74,872,000 in 2022, reflecting a rise of about 14.5%[43] - The cost of sales was RMB 31,698,000, a decrease from RMB 33,529,000 in 2022, representing a reduction of approximately 5.5%[46] - Administrative and other expenses from continuing and discontinued operations were approximately RMB 31.7 million and RMB 3.9 million, respectively, a decrease of about 10.1% compared to the previous year[124] Asset Management - The company's non-current assets decreased from RMB 183,435,000 to RMB 147,506,000, reflecting a decline of approximately 19.6%[11] - Current assets decreased from RMB 227,985,000 to RMB 193,308,000, representing a decline of about 15.2%[11] - Cash and cash equivalents dropped significantly from RMB 111,502,000 to RMB 60,696,000, a decrease of approximately 45.6%[11] - The company’s total liabilities decreased from RMB 83,731,000 to RMB 53,364,000, indicating a reduction of about 36.3%[11] - The company’s total assets less current liabilities decreased from RMB 327,689,000 to RMB 287,450,000, a decline of approximately 12.3%[11] - The company’s non-controlling interests decreased from RMB 18,248 thousand in 2022 to RMB 10,954 thousand in 2023, a decline of approximately 40.0%[12] - The total assets for the continuing operations as of December 31, 2023, were RMB 340,814 thousand, a decrease from RMB 388,073 thousand in 2022[30] - The total value of property, plant, and equipment at the end of 2023 was RMB 129,102,000, down from RMB 145,741,000 at the end of 2022, reflecting a decrease of 11.5%[67] Impairments and Losses - The financial assets and contract assets impairment loss was RMB 7,535,000, significantly higher than RMB 290,000 in the previous year, indicating increased risk in asset management[5] - The company incurred impairment losses on financial assets and contract assets amounting to RMB 7,535 thousand in 2023, compared to RMB 288 thousand in 2022, indicating a substantial increase in asset impairments[30] - The company reported an impairment loss on intangible assets of RMB (14,671,000) in 2023, with no such loss reported in 2022[63] - The group recorded a net loss of approximately RMB 31.5 million in the reporting period, compared to a loss of about RMB 7.1 million in the same period of 2022[130] Strategic Decisions - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[2] - The group plans to adjust its product mix to enhance profitability due to a decline in gross margin[108] - The group has decided to exit the financial application platform and maintenance services business, selling it for RMB 1.0[106] - The company completed the sale of its subsidiary for a price of RMB 1.0 on August 21, 2023, marking a strategic exit from the financial application platform and maintenance services segment[59] Governance and Compliance - The company has adopted corporate governance standards to enhance performance, transparency, and accountability, ensuring compliance with legal and business standards[148] - The audit committee, established on September 20, 2019, is responsible for reviewing financial statements and monitoring internal control procedures[150] - The company confirmed that all directors adhered to the standards of conduct for securities trading during the reporting period[151] - The company will suspend share transfer registration from May 22, 2024, to May 27, 2024, for the upcoming annual general meeting[153] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website by December 31, 2023[156]

Revenue Performance - The Group's revenue increased by approximately 8.8% from approximately RMB127.1 million for the six months ended June 30, 2022, to approximately RMB138.2 million for the Interim Period[15]. - Revenue for the six months ended June 30, 2023, was RMB 138,247,000, an increase of 8.5% compared to RMB 127,083,000 for the same period in 2022[108]. - Revenue from PCBAs for telecommunication devices increased by approximately 10.3% to RMB76.1 million, up from RMB69.0 million in the prior year[31]. - Revenue from PCBAs for IoT products decreased by approximately 18.2% to RMB34.3 million, down from RMB41.9 million in the prior year[32]. - Revenue from PCBAs for automotive related devices surged by approximately 95.1% to RMB23.8 million, compared to RMB12.2 million in the same period last year[33]. - The Group recorded revenue from Financial Application Platform and Platform Maintenance Services of approximately RMB1.3 million during the Interim Period, compared to nil in the prior year[37]. - Revenue from Electronic Manufacturing Services (EMS) was RMB 136,903,000, up from RMB 127,083,000 in the previous year, reflecting a growth of 7.0%[193]. - The total revenue from platform maintenance services was RMB 133,000, which was newly introduced in the current reporting period[193]. Financial Losses - The Group's net loss increased from RMB2.9 million for the six months ended June 30, 2022, to RMB22.6 million in the Interim Period, primarily due to the financial technology business[15]. - Loss for the period was approximately RMB22.6 million, compared to a loss of approximately RMB2.9 million for the same period in 2022[60]. - The total comprehensive loss for the period was RMB 23,918,000, compared to a total comprehensive loss of RMB 1,246,000 in the previous year[111]. - The Group reported an impairment loss on intangible assets of RMB 14,671,000 during the six months ended June 30, 2023[184]. - The Group's total loss for the period was RMB 22,640,000, highlighting ongoing financial challenges[176]. Competition and Market Conditions - The Group is facing intense competition in the fintech and insurance-related market, which has slowed the development of its financial technology business[13]. - The economic recovery in China has been slower than expected, affecting consumer spending and overall market conditions[14]. - The Group's financial technology business development has been slower than anticipated due to external uncertainties and competition[13]. Strategic Focus and Investments - The Group plans to maintain cautious spending and expansion strategies to reduce financial risk amid a complex international environment and sluggish global economic growth[21]. - The Group will continue to focus on the development of electronic manufacturing services (EMS) and invest in in-house capabilities to secure more business opportunities[21]. - The Group aims to diversify its customer base and product offerings to broaden revenue sources and mitigate business risks[21]. - Following the sale of the target company, the Group will continue to focus on developing its EMS capabilities and invest in internal capabilities to align with the latest industry technology developments[24]. Financial Position and Assets - Net current assets were approximately RMB142.6 million as at 30 June 2023, with a current ratio increase from approximately 2.7 to 3.0[66]. - The gearing ratio was approximately 6.1% as of June 30, 2023, compared to 5.8% as of December 31, 2022, indicating a low level of bank and other borrowings[68][73]. - As of June 30, 2023, the Group's current assets net value was approximately RMB 142.6 million, with a current ratio increasing from approximately 2.7 to 3.0[71]. - The Group's bank borrowings were approximately RMB 5.3 million as of June 30, 2023, down from RMB 8.0 million as of December 31, 2022[72]. - As of June 30, 2023, total assets amounted to RMB 214,310,000, a decrease of 5.99% from RMB 227,985,000 as of December 31, 2022[113]. Expenses and Costs - Gross profit for the Interim Period was approximately RMB13.0 million, a decrease of 7.3% from RMB14.0 million in the corresponding period in 2022[39]. - Overall gross profit margin decreased from 11.0% in the prior year to 9.4% for the Interim Period[40]. - Administrative expenses increased to approximately RMB19.3 million, mainly due to increased operating costs for the Financial Application Platform and Platform Maintenance Services segment[55]. - Selling and distribution expenses slightly decreased to RMB 1,301,000 from RMB 1,343,000 year-over-year[108]. - Finance costs decreased to RMB 410,000 from RMB 585,000 year-over-year, reflecting a reduction of 30%[108]. Cash Flow and Financing Activities - For the six months ended June 30, 2023, the net cash used in operating activities was RMB (28,201,000), a significant decrease compared to RMB 47,293,000 generated in the same period of 2022[132]. - The company reported a net decrease in cash and cash equivalents of RMB 36,879,000 for the period, contrasting with a net increase of RMB 40,279,000 in the prior year[139]. - The payment of principal elements of lease liabilities decreased to RMB 1,916,000 from RMB 2,876,000, showing a reduction of 33.5%[139]. - The company paid dividends of RMB 3,600,000 to non-controlling shareholders during the period, which was not applicable in the previous year[139]. Regulatory and Compliance Matters - The company adopted new/revised HKFRSs effective from January 1, 2023, which may impact future financial reporting[157]. - The interim financial information is unaudited but has been reviewed by the audit committee, ensuring a level of oversight for the reported figures[147]. - The adoption of new/revised HKFRSs in the current period has no material impact on the Group's financial position and performance for the current and prior periods[159]. Segment Information - The Group's operating segments include the provision of EMS and Financial Application Platform and Platform Maintenance Services[168]. - Segment revenue for the six months ended June 30, 2023, was RMB 138,247,000, with a loss before tax of RMB 17,549,000[176]. - Major customers contributed a total revenue of RMB 121,859,000, accounting for approximately 77.2% of the Group's total revenue for the same period[181]. - The five largest customers accounted for a significant portion of revenue, indicating a reliance on key clients for financial performance[181].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公告全 部或任何部分內容而產生或倚賴該等內容而引致之任何損失承擔任何責任。 CONFIDENCE INTELLIGENCE HOLDINGS LIMITED 信 懇 智 能 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1967） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 未 經 審 核 中 期 業 績 公 告 信懇智能控股有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其 附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「中期期間」）的 未經審核中期業績及截至二零二二年六月三十日止六個月的比較數字。 財務摘要 未經審核 截至六月三十日止六個月 二零二三年 二零二二年 收益（人民幣千元） 138,247 127,083 毛利（人民幣千元） 13,007 14,035 毛利率(%) 9.4 11.0 本公司權益持有人應佔期內虧損（人民幣千元） (14,002) (3,885) 本公司權益持有人應佔每股虧損 ...

Financial Performance - The Group's revenue decreased by approximately 25.6% from RMB 353.9 million in 2021 to RMB 263.2 million in 2022 due to economic slowdown in China[17]. - The Group recorded a net loss of approximately RMB 7.1 million for the Reporting Period, compared to a profit of approximately RMB 10.1 million in the corresponding period in 2021[17]. - The Group's total revenue for the year ended December 31, 2022, was approximately RMB263.2 million, a decrease of 25.6% from RMB353.9 million in 2021[30]. - Gross profit for the Reporting Period was approximately RMB29.4 million, a decrease of approximately 45.6% from RMB54.0 million in 2021, with a gross profit margin decline from 15.3% to 11.2%[40]. - Other income for the Group was approximately RMB7.0 million for the Reporting Period (2021: approximately RMB6.4 million), mainly from government grants and bank interest income[48]. - Selling and distribution expenses decreased by approximately 11.0% to approximately RMB3.0 million for the Reporting Period (2021: approximately RMB3.4 million), maintaining a stable expense ratio of approximately 1.0% against revenue[50]. - Administrative expenses amounted to approximately RMB39.6 million for the Reporting Period (2021: approximately RMB42.3 million), representing a decrease of approximately 6.4% due to reduced bonuses[57]. - The Group recorded a net loss of approximately RMB7.1 million for the Reporting Period compared to a net profit of approximately RMB10.1 million for the year ended 31 December 2021[66]. Business Strategy and Expansion - The Group commenced a financial technology business by acquiring a third-party company's registered capital, focusing on financial-related application platforms and maintenance services[15]. - The Group plans to actively expand its new financial technology business to sustain future growth[21]. - The Group aims to diversify its customer base and product offerings to broaden revenue sources and mitigate business risks[20]. - The Group will continue to invest in in-house capabilities and keep abreast of technological advancements in the EMS industry[21]. - The Group will adopt a cautious approach to spending and expansion to reduce financial risks[22]. - The Group aims to enrich its customer base and product portfolio to broaden revenue sources and mitigate business risks amid macroeconomic challenges[24]. - The Group plans to actively expand its fintech business to maintain future growth and will invest in internal capabilities to align with industry technological developments[25]. Revenue Breakdown - Revenue from PCBAs for telecommunication devices decreased by approximately 28.3% to RMB131.6 million, primarily due to weak demand in the smartphone market[32]. - Revenue from PCBAs for IoT products fell by approximately 37.1% to RMB89.4 million, mainly due to reduced orders from a major customer affected by COVID-19 lockdowns in Shanghai[33]. - Revenue from PCBAs for automotive related devices increased by approximately 240.8% to RMB31.4 million, driven by increased orders as production technology matured[34]. - The revenue from other PCBAs decreased from approximately RMB18.9 million to RMB8.0 million, attributed to reduced orders from industrial use device customers due to economic slowdown[35]. Management and Governance - The Group has a strong management team with diverse backgrounds in electronic engineering, manufacturing, and finance, enhancing operational efficiency[116][118][123]. - The company aims to expand its market presence and enhance product offerings through strategic management and operational oversight[116][123]. - The management team is committed to maintaining high standards in quality control and production management across its subsidiaries[124][125]. - The company emphasizes the importance of financial oversight and strategic planning in achieving its long-term goals[118]. - The company has a diverse board with expertise in finance, logistics, technology, and accounting, enhancing its strategic decision-making capabilities[136][139]. - The independent directors play a crucial role in providing unbiased advice and oversight, ensuring corporate governance standards are met[136][139]. - The company is committed to enhancing its operational management through the expertise of its directors in their respective fields[133][139]. Corporate Governance - The company has adopted the Corporate Governance Code and complied with its provisions during the reporting period, except for the deviation regarding the roles of chairman and chief executive officer being held by the same individual, Mr. Li[155]. - The Board consists of five executive Directors, one non-executive Director, and three independent non-executive Directors, with independent Directors representing not less than one third of the Board[169]. - The company emphasizes the importance of high corporate governance standards to enhance performance, transparency, and accountability[154]. - The Board is responsible for corporate governance duties and has reviewed the effectiveness of the corporate governance policy during the reporting period[159]. - The company has implemented the Model Code for Directors' securities transactions, with all Directors confirming compliance during the reporting period[158]. - The independent non-executive Directors bring strong independent views and judgment to the Board's decision-making process[161]. - The Board's structure is designed to ensure independence and objectivity, providing checks and balances to safeguard shareholder interests[170]. Financial Position - The Group had net current assets of approximately RMB144.3 million as at 31 December 2022 (2021: approximately RMB130.5 million), with a stable current ratio of approximately 2.7[68]. - Bank borrowings amounted to approximately RMB8.0 million as at 31 December 2022 (2021: approximately RMB12.6 million), secured by bank deposits and property, plant, and equipment[69]. - As of December 31, 2022, the gearing ratio was approximately 5.8%, down from 8.5% as of December 31, 2021, due to a decrease in bank borrowings and lease liabilities by approximately RMB 7.6 million[70][75]. - The Group's capital commitment as of December 31, 2022, amounted to approximately RMB 3.2 million, unchanged from 2021, primarily related to the acquisition of machinery and equipment to enhance production efficiency[97][100]. Employee and Remuneration - The total remuneration for 754 employees during the reporting period was approximately RMB 74.9 million, down from RMB 88.8 million for 891 employees in 2021[88][92]. - The Group's contributions to the Defined Contribution Scheme are fully vested with employees, with no forfeiture of contributions during the reporting period[90][93].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公告全 部或任何部分內容而產生或倚賴該等內容而引致之任何損失承擔任何責任。 CONFIDENCE INTELLIGENCE HOLDINGS LIMITED 信 懇 智 能 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1967） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 信懇智能控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公布本公司 及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度（「報告期 間」）的綜合年度業績及截至二零二一年十二月三十一日止年度的比較數字。 二零二二年 二零二一年 收益（人民幣千元） 263,248 353,896 毛利（人民幣千元） 29,383 53,980 毛利率(%) 11.2 15.3 年內（虧損）溢利（人民幣千元） (7,077) 10,073 就本公司普通權益持有人應佔 （虧損）溢利之每股（虧損）盈利 基本及攤薄（人民幣分） (3.63 ...

Financial Performance - The Group's revenue decreased by approximately 31.1% from approximately RMB184.3 million for the six months ended June 30, 2021, to approximately RMB127.1 million for the Interim Period[8]. - The Group recorded a net loss of approximately RMB2.9 million for the Interim Period, compared to a net profit of approximately RMB7.4 million for the same period in 2021[8]. - Revenue for the six months ended June 30, 2022, was approximately RMB127.1 million, a decrease of 31.1% from RMB184.3 million in the same period of 2021[17]. - The Group incurred an operating loss of RMB 2,467,000 for the six months ended June 30, 2022, compared to an operating profit of RMB 9,748,000 in 2021[82]. - The net loss for the period was RMB 2,873,000, a significant decline from a profit of RMB 7,405,000 in the previous year[82]. - Basic and diluted loss per share attributable to equity holders of the Company was RMB (1.55) cents, compared to earnings of RMB 2.64 cents per share in 2021[82]. - Total comprehensive loss for the period amounted to RMB 1,246,000, down from a comprehensive income of RMB 8,159,000 in the previous year[86]. - The loss attributable to equity holders of the Company for the six months ended June 30, 2022, was RMB (3,885,000), compared to a profit of RMB 6,602,000 in 2021, indicating a significant decline in performance[200]. Revenue Breakdown - Revenue from PCBAs for telecommunication devices decreased by approximately 26.7% to RMB69.0 million, primarily due to weak demand in the smartphone market[19]. - Revenue from PCBAs for IoT products decreased by approximately 47.2% to RMB41.9 million, mainly due to reduced orders from a major customer affected by COVID-19 lockdowns in Shanghai[20]. - Revenue from PCBAs for automotive related devices increased by approximately 270.5% to RMB12.2 million, driven by increased orders as production technology matured[21]. - Other revenue decreased from approximately RMB7.6 million in 2021 to approximately RMB4.0 million in the Interim Period, attributed to reduced orders from industrial use device customers[22]. - The Group's revenue from the People's Republic of China (PRC) for the six months ended June 30, 2022, was RMB 127,070,000, a decrease of 30.8% from RMB 183,970,000 in the same period of 2021[182]. - The Group's revenue from the United States was minimal at RMB 13,000 for the six months ended June 30, 2022, compared to RMB 372,000 in 2021, indicating a significant decline[182]. Cost and Profitability - Gross profit for the Interim Period was approximately RMB14.0 million, representing a decrease of approximately 51.0% from RMB28.6 million in the corresponding period of 2021[25]. - Overall gross profit margin decreased from 15.5% in 2021 to 11.0% in the Interim Period[25]. - Gross profit for PCBAs for telecommunication devices decreased by approximately 47.5% to RMB9.6 million, with a gross profit margin of 13.9%[27]. - Gross profit for PCBAs for IoT products decreased by approximately 81.1% to RMB1.6 million, with a gross profit margin of 3.8%[28]. - The gross profit for PCBAs for automotive related devices increased by approximately 310.5% to approximately RMB2.3 million for the Interim Period, with a gross profit margin of approximately 18.6%[31]. Expenses and Financial Management - Selling and distribution expenses decreased by approximately 31.0% to approximately RMB1.3 million for the Interim Period, maintaining a low expense ratio of approximately 1.1% against revenue[37]. - Administrative expenses decreased to approximately RMB17.6 million for the Interim Period, down from approximately RMB19.6 million due to reduced bonuses[38]. - The net finance income for the Group was approximately RMB0.8 million for the Interim Period, an increase from net finance costs of approximately RMB0.1 million in the previous year[39]. - Income tax expense decreased by approximately RMB1.0 million to approximately RMB1.2 million for the Interim Period, primarily due to decreased assessable profit[41]. Strategic Initiatives - The Group is taking proactive measures to diversify and expand its customer and product base to broaden revenue sources and mitigate business risks[10]. - The economic environment in China and globally remains uncertain and challenging, influenced by macroeconomic headwinds and local epidemics[10]. - The Group plans to maintain cautious spending and expansion strategies to reduce financial risk[10]. - Continued investment in the development of in-house capabilities and keeping abreast of technological advancements is a priority for the Group[10]. - The Group aims to balance the interests of shareholders, employees, and customers while pursuing long-term sustainable development[10]. - The company is focusing on expanding its automotive related device segment, which has shown significant growth in revenue[21]. - The company is focusing on expanding its market presence and enhancing its product offerings as part of its strategic initiatives[126]. Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 90,476,000 as of June 30, 2022, compared to RMB 48,926,000 at the end of 2021, reflecting improved liquidity[89]. - Cash generated from operations for the six months ended June 30, 2022, was RMB 45,308,000, a significant increase from RMB 8,456,000 in the same period of 2021, representing a growth of 434%[131]. - Net cash generated from operating activities reached RMB 47,293,000, compared to RMB 3,827,000 in the prior year, indicating a substantial increase of 1,136%[131]. - Net cash used in investing activities was RMB (1,104,000), a decrease from RMB (39,907,000) in the previous year, showing an improvement of 97%[134]. - Cash and cash equivalents at the end of the period were RMB 90,476,000, up from RMB 78,947,000 in the previous year, marking an increase of 15%[134]. Employee and Remuneration - As of June 30, 2022, the Group had 791 employees with total remuneration of approximately RMB 38.0 million, a decrease from approximately RMB 52.7 million for the same period in 2021[48][52]. - The Group's employee remuneration policy is based on individual performance, work experience, qualifications, and current industry practices[52]. Capital Expenditure and Investments - Capital expenditure for the Interim Period was approximately RMB2.4 million, significantly lower than approximately RMB52.3 million for the same period in 2021[45]. - The Group's capital expenditure primarily focused on the acquisition of facilities and equipment for its factories[50]. - As of June 30, 2022, the Group's capital commitment amounted to approximately RMB 3.2 million, unchanged from December 31, 2021, primarily for acquiring machinery and equipment to enhance production efficiency[65]. Accounting and Compliance - The Group adopted several amended standards and accounting guidelines for the reporting period beginning January 1, 2022, including HKFRS 16 and HKAS 16, which did not have a material impact on the Group's accounting policies[144]. - New and amended standards not yet adopted by the Group include HKFRS 17 for Insurance Contracts, effective January 1, 2023, and amendments to HKAS 1 regarding the classification of liabilities[147]. - The Group is currently assessing the impact of adopting new or amended standards on its future reporting periods and transactions[151]. Financial Risk Management - The Group's financial risk management focuses on minimizing potential adverse effects on financial performance due to market risks, credit risks, and liquidity risks[157].

Financial Performance - The Group's revenue increased by approximately RMB 107.4 million, from RMB 246.5 million in 2020 to RMB 353.9 million in 2021, attributed to the recovery of the Chinese economy post-COVID-19 and the expansion of a new factory in Chongqing City[15]. - The Group's profit for the year decreased by approximately 12.7% to approximately RMB 10.1 million, compared to RMB 11.5 million in 2020[16]. - The impact of COVID-19 in 2020 led to a significant drop in revenue and profit, but the situation improved in 2021 as restrictions eased[14]. - The Group's performance reflects the broader recovery trends in the Chinese economy following the control of the COVID-19 outbreak[15]. - The Group's revenue for the year ended 31 December 2021 was approximately RMB353.9 million, an increase of 43.6% from RMB246.5 million in 2020[28]. - Gross profit for the Group was approximately RMB54.0 million, representing an increase of approximately 7.1% compared to RMB50.4 million in 2020[36]. - The overall gross profit margin decreased from approximately 20.4% in 2020 to approximately 15.3% for the Reporting Period[36]. - Profit for the year decreased by approximately 12.7% from approximately RMB11.5 million in 2020 to approximately RMB10.1 million for the Reporting Period[56]. Revenue Sources - Revenue from PCBAs for telecommunication devices increased by approximately 38.5% to approximately RMB183.5 million for the Reporting Period, driven by new orders from a new factory in Chongqing[30]. - Revenue from PCBAs for IoT products rose by approximately 47.4% to approximately RMB142.3 million, attributed to increased orders from a main customer in line with the rapid development of the IoT industry[32]. - The Group is actively diversifying its customer and product base to broaden revenue sources and mitigate business risks amid the ongoing impact of COVID-19[20]. Operational Challenges - The operating environment remained challenging due to logistics and supply chain bottlenecks, energy crises, and raw material shortages affecting the manufacturing sector[14]. - The Group continues to face challenges related to the delivery of goods in a cost-effective and timely manner due to ongoing supply chain issues[14]. - The Group's operational strategies include enhancing logistics and supply chain management to mitigate ongoing challenges[14]. Cost and Expenses - Selling and distribution expenses amounted to approximately RMB 3.4 million, an increase of approximately 35.9% compared to RMB 2.5 million in 2020[46]. - Administrative expenses increased by approximately 16.8% to approximately RMB42.3 million for the Reporting Period, compared to RMB36.2 million in 2020[51]. - The increase in gross profit for telecommunication devices was primarily due to lower sales prices offered to major customers and increased costs from labor shortages[41]. Assets and Liabilities - Net current assets as of 31 December 2021 were approximately RMB138.2 million, down from approximately RMB153.9 million in 2020[59]. - The current ratio decreased from approximately 3.1 as of 31 December 2020 to 3.0 as of 31 December 2021[59]. - Bank and other borrowings amounted to approximately RMB12.6 million as of 31 December 2021, down from approximately RMB13.9 million in 2020[60]. - The gearing ratio increased to approximately 8.5% as of 31 December 2021, compared to 7.0% as of 31 December 2020[62]. Governance and Management - The company emphasizes high corporate governance standards to enhance performance, transparency, and accountability[141]. - The Company has adopted and complied with the Corporate Governance Code, except for the deviation where the roles of chairman and chief executive officer are not separated, with Mr. Li holding both positions[142]. - The Board comprises five executive Directors, one non-executive Director, and three independent non-executive Directors, with independent Directors representing one third of the Board[156]. - The Company assesses the independence of each independent non-executive Director annually, confirming their independence according to Rule 3.13 of the Listing Rules[154]. - The Company ensures that all Board appointments are based on meritocracy and the contributions candidates can bring[171]. Strategic Initiatives - The Group plans to continue investing in in-house capabilities and keeping abreast of technological advancements to secure more business opportunities[20]. - The company emphasizes the importance of strategic planning and operational management in its growth strategy[121]. - The leadership team includes members with advanced degrees in engineering, science, and business administration[120]. Human Resources - Total employee remuneration for the reporting period was approximately RMB88.8 million, up from RMB62.8 million in 2020, with 891 employees as of December 31, 2021[65]. - The company has a strong emphasis on human resources management to support its growth and operational needs[108]. Committees and Meetings - The Company has established three committees: Audit, Remuneration, and Nomination, to oversee various aspects of its affairs[184]. - The Audit Committee confirmed that the annual report is complete and accurate, complying with the Listing Rules, with no disagreements regarding the selection and appointment of external auditors[194]. - The Remuneration Committee held one meeting during the Reporting Period to review and recommend remuneration policies for Directors and senior management for the years ended December 31, 2020, and December 31, 2021[196].

CONFIDENCE INTELLIGENCE HOLDINGS LIMITED 信 懇 智 能 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability | 於明曼群島註冊成立之有限公司) (5tock Code 股份代號：1967) 2021 Interim Report 中報 CONTENTS 目錄 Corporate Information 公司資料 2 Business Review and Prospects 業務回顧及前景 5 Management Discussion and Analysis 管理層討論及分析 7 中期財務資料的審閱報告 16 Report on Review of Interim Financial Information Condensed Consolidated Income Statement 簡明綜合收益表 18 Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收益表 19 Condensed Conso ...