A BETTER WORLD FOR EVERYONE f E-報 Nian CE-報 Bao TM 中 國 綠 島 科 技 有 限 公 司 CHINA LUDAO TECHNOLOGY COMPANY LIMITED (於開曼群島注册成立的有限公司) (股份代號:2023) 目錄 目錄 | --- | --- | |----------------------|-------| | | 頁次 | | 公司資料 | 2 | | 主席報告 | 3 | | 管理層討論及分析 | 4 | | 企業管治報告 | 15 | | 董事及高級管理層簡歷 | 30 | | 環境、社會及管治報告 | 33 | | 董事會報告 | 58 | | 獨立核數師報告 | 70 | | 綜合全面收益表 | 76 | | 綜合財務狀況表 | 77 | | 綜合權益變動表 | 79 | | 綜合現金流量表 | 80 | | 綜合財務報表附註 | 81 | | 財務概要 | 198 | 1 中國綠島科技有限公司 年報2020 公司資料 公司資料 | --- | --- | |---------------------------------- ...

Financial Performance - For the six months ended June 30, 2020, the group's revenue and net profit were approximately RMB 263.5 million and RMB 28.7 million, representing an increase of about 20.7% and 118.2% compared to the same period in 2019[10]. - The CMS business recorded a revenue of approximately RMB 222.9 million, an increase of about 16.0% compared to RMB 192.1 million in the same period last year[11]. - The OBM business achieved a revenue of approximately RMB 40.6 million, reflecting a significant increase of about 55.0% from RMB 26.2 million in the previous year[13]. - Profit for the period increased significantly to approximately RMB 28,700,000 from RMB 13,200,000 in 2019, an increase of about RMB 15,500,000, driven by high demand for disinfectant products in both domestic and overseas markets[22]. - The company reported revenue of RMB 263,517,000 for the six months ended June 30, 2020, an increase from RMB 218,297,000 in the same period of 2019, representing a growth of approximately 20.7%[60]. - Gross profit for the same period was RMB 79,755,000, compared to RMB 59,844,000 in 2019, indicating a year-over-year increase of about 33.3%[60]. - The net profit for the six months ended June 30, 2020, was RMB 28,740,000, up from RMB 13,171,000 in 2019, reflecting a significant increase of approximately 118.5%[60]. - The company reported a profit attributable to owners of RMB 28,740,000 for the six months ended June 30, 2020, compared to RMB 13,171,000 for the same period in 2019, representing a year-over-year increase of 117.5%[97]. Cost and Expenses - The sales cost for the six months was approximately RMB 183.8 million, an increase of about 16.0%, consistent with revenue growth[14]. - Sales expenses for the same period were approximately RMB 10,500,000, a decrease of about 6.2% from RMB 11,200,000 in 2019, mainly due to reduced transportation and travel expenses[18]. - Administrative expenses increased by approximately 18.1% to RMB 29,300,000 from RMB 24,900,000 in 2019, primarily due to increased research and development costs[19]. - The cost of sales for the six months ended June 30, 2020, was RMB 223,610 thousand, an increase of 15% compared to RMB 194,509 thousand in the same period of 2019[89]. - Depreciation and amortization expenses increased to RMB 6,211 thousand, compared to RMB 5,875 thousand in the prior year[89]. - Employee benefits expenses (excluding R&D costs) rose to RMB 21,239 thousand, an increase of 9% from RMB 19,480 thousand in the previous year[89]. Assets and Liabilities - Total assets as of June 30, 2020, were approximately RMB 791,600,000, an increase from RMB 746,200,000 as of December 31, 2019, while current liabilities net value was approximately RMB 32,400,000[25]. - The company’s total liabilities as of June 30, 2020, were RMB 439,681,000, compared to RMB 419,095,000 at the end of 2019[63]. - The company’s cash and cash equivalents were RMB 40,067,000 as of June 30, 2020, down from RMB 48,775,000 at the end of 2019[62]. - The company’s accounts receivable and other receivables totaled RMB 233,345,000, up from RMB 197,641,000 as of December 31, 2019, indicating an 18.0% increase[105]. - The company’s accounts payable as of June 30, 2020, amounted to RMB 53,905,000, compared to RMB 42,128,000 as of December 31, 2019, representing a 27.8% increase[111]. - The company’s total comprehensive income for the period was RMB 24,840,000, compared to RMB 13,375,000 for the same period in 2019, reflecting an increase of approximately 85.5%[65]. Investments and Future Plans - The group plans to continue expanding its CMS business domestically and internationally while enhancing its OBM business through product design optimization and market responsiveness[11]. - The company plans to invest in improving existing production lines and adding new production lines to enhance automation and product quality[57]. - The investment in clean energy and heating business has not met expectations, and the management will continue to evaluate its future development[8]. - The company continues to monitor the performance of its investment in 恒智 closely[40]. - The company has capital commitments of RMB 48,553,000 for property, plant, and equipment as of June 30, 2020, compared to RMB 282,000 as of December 31, 2019[134]. Corporate Governance and Management - The company has established a remuneration committee to review and approve the remuneration schemes for directors and senior management[163]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[169]. - The board of directors voluntarily reduced their salaries by 25% from August 2020 to June 2021 due to the challenging business environment caused by the US-China trade conflict and the COVID-19 pandemic[160]. - The audit committee has reviewed the unaudited interim condensed consolidated financial statements for the six months ending June 30, 2020[162]. Shareholder Information - As of June 30, 2020, the total number of shares issued by the company was 491,800,000[143]. - Mr. Yu holds 231,728,000 shares, representing 47.12% of the company's equity[141]. - The company has a stock option plan that allows for the issuance of up to 40,000,000 shares, which is 10% of the total shares issued at the time of the plan's adoption[150]. - Perfect Century Group Limited holds 35,400,000 shares, representing 7.20% of the company's equity[153]. - The stock option plan was adopted on September 16, 2013, and is valid until September 15, 2023[150].

23 (2,4,53 E Nian a Bao A BETTER WORLD FOR EVERYONE TM 中 國 綠 島 科 技 有 限 公 司 CHINA LUDAO TECHNOLOGY COMPANY LIMITED ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) ( 股 份 代 號：2023) 目錄 目錄 頁次 公司資料 2 主席報告 3 管理層討論及分析 4 企業管治報告 16 董事及高級管理層簡歷 31 環境、社會及管治報告 36 董事會報告 61 獨立核數師報告 73 綜合全面收益表 79 綜合財務狀況表 80 綜合權益變動表 82 綜合現金流量表 83 綜合財務報表附註 84 財務概要 192 中國綠島科技有限公司 年報 2019 1 公司資料 公司資料 | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------------------------------- ...

TM 中國 綠島科技有限公司 CHINA LUDAO TECHNOLOGY COMPANY LIMITED 〔於開曼群島註冊成立的有限公司〕 (股份代號:2023) 2019 中期報告 A BETTER WORLD FOR EVERYONE 目錄 公司資料 2 業務概覽 4 管理層討論及分析 6 中期簡明綜合全面收益表 15 中期簡明綜合財務狀況表 16 中期簡明綜合權益變動表 18 中期簡明綜合現金流量表 19 中期簡明綜合財務報表附註 20 企業管治及其他資料 42 1 中國綠島科技有限公司 中期報告 二零一九年 執行董事 虞岳榮先生（主席） 譚向東先生（副主席） 陳寶元先生 潘伊莉女士 王小兵先生 非執行董事 田廷山先生 獨立非執行董事 陳彥璁先生 阮連法先生 丘潔娟女士 審核委員會 陳彥璁先生（主席） 阮連法先生 丘潔娟女士 提名委員會 丘潔娟女士（主席） 陳彥璁先生 阮連法先生 虞岳榮先生 薪酬委員會 陳彥璁先生（主席） 阮連法先生 虞岳榮先生 丘潔娟女士 公司秘書 何嘉偉先生 註冊辦事處 Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman ...

Financial Performance - The company's revenue for the reporting period was approximately RMB 405 million, representing a 2.4% increase compared to 2017[14]. - The net profit for the reporting period was approximately RMB 23.2 million, reflecting a 6.4% increase from the previous year[14]. - The basic earnings per share were approximately RMB 0.05, unchanged from 2017[14]. - The gross profit for the reporting period was approximately RMB 95.1 million, up about 7.6% from RMB 88.4 million in 2017, with a gross margin of 23.5% compared to 22.3% in the previous year[21]. - The net profit for the reporting period was approximately RMB 23.2 million, an increase of about 5.9% from RMB 21.9 million in 2017, with a net profit margin rising from 5.5% to 5.7%[22]. - The CMS business revenue for the reporting period was approximately RMB 367 million, an increase of about 1.9% compared to RMB 360 million in 2017[16]. - The OBM business revenue for the reporting period was approximately RMB 38 million, reflecting a growth of about 6.4% from RMB 35.7 million in 2017[17]. Business Growth and Strategy - The company's CMS business has maintained growth for four consecutive years, while the OBM business recorded a growth of about 6.4%[13]. - The company is optimistic about the growth prospects of its clean energy and heating business, supported by market demand and national policies[14]. - The company plans to enhance investment project monitoring and consider resource allocation to strengthen its competitiveness in the clean energy sector[14]. - The company has successfully reversed the declining trend of its OBM business through targeted strategies such as brand enhancement and marketing team strengthening[7]. - The company aims to actively participate in various domestic and global exhibitions to promote its brand image and strengthen strategic customer relationships[13]. - The company continues to optimize its strategies to respond to external challenges, including the impacts of the US-China trade war[7]. - The company is focused on increasing product innovation and expanding overseas markets to enhance its competitiveness[7]. Financial Position and Investments - The total assets as of December 31, 2018, were approximately RMB 796.2 million, up from RMB 640.7 million in 2017[30]. - The bank borrowings as of December 31, 2018, amounted to approximately RMB 59.9 million, an increase from RMB 44.6 million in 2017[33]. - The group invested approximately RMB 2,600,000 in joint ventures, RMB 14,800,000 in properties, and RMB 42,300,000 in financial assets measured at fair value during the reporting period[40]. - The net proceeds from the IPO were allocated as follows: RMB 32 million for new production equipment, RMB 14 million for expanding domestic distribution channels, RMB 7 million for marketing and brand promotion, and RMB 6 million for working capital[42]. - The company successfully raised RMB 59,000,000 from the issuance of bonds during the recommendation period[58]. - The company plans to enhance its financial position and invest in suitable opportunities with the proceeds from the bonds[57]. Corporate Governance - The board consists of five executive directors, one non-executive director, and three independent non-executive directors, ensuring compliance with listing rules[77]. - The board is responsible for overall business management and strategy development, aiming to maximize shareholder returns and enhance long-term value[80]. - The company emphasizes the importance of good corporate governance for its sustainable development and strives to establish suitable governance practices[71]. - The company has adopted a "Director Nomination Procedure" to ensure a formal and transparent process for evaluating and selecting board candidates[82]. - All directors are required to retire at least once every three years and are eligible for re-election at the annual general meeting[82]. - The company has established a diversity policy for board members, considering factors such as gender, age, cultural background, and professional experience[96]. - The company has implemented a compliance advisor to oversee corporate governance functions, including policy review and training for directors and senior management[95]. Environmental Sustainability - The company is committed to environmental sustainability and has initiatives in place to promote green technology[138]. - The company has adopted ISO 14001:2015 standards for environmental management, focusing on resource conservation and pollution reduction[171]. - The company has fully complied with all relevant environmental laws and regulations throughout the year, with no legal cases related to environmental issues[171]. - The company has engaged qualified waste collectors to handle hazardous waste generated during aerosol product manufacturing, ensuring compliance with environmental standards[189]. - The company processed and discharged approximately 7,700 cubic meters of wastewater during the reporting period, representing an increase of about 3% compared to the same period in 2017[195]. - The company has established a solid waste management system to minimize waste generation and environmental impact[184]. - The company is dedicated to enhancing environmental sustainability as a core aspect of its daily operations[171]. Stakeholder Engagement - The company actively communicates with shareholders through various channels, ensuring timely and accurate disclosure of relevant information[121]. - The company has established policies for handling and disclosing inside information, regularly reminding directors and employees to comply with these policies[119]. - The company engages in regular communication with stakeholders to understand their expectations and concerns, which aids in informed decision-making[165]. - The company has established various channels for stakeholder participation, including annual meetings and reports for shareholders and investors[160]. - Stakeholder engagement is crucial for understanding risks and opportunities, and the company maintains effective communication with key stakeholders[155].