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 公司名稱: 浦江國際集團有限公司 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) | 02060 | 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 | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 900,026 thousand, a decrease of 12.5% compared to RMB 1,028,266 thousand in 2022[6] - Gross profit for the same period was RMB 225,342 thousand, down from RMB 230,211 thousand, reflecting a gross margin of approximately 25%[6] - Operating profit decreased to RMB 138,009 thousand from RMB 167,129 thousand, representing a decline of 17.4%[6] - Net profit for the period was RMB 43,752 thousand, a decrease of 42.3% compared to RMB 75,711 thousand in 2022[6] - The total comprehensive income for the period was RMB 45,783 thousand, a decrease of 37.3% from RMB 73,148 thousand in 2022[7] - The net profit for the six months ended June 30, 2023, was RMB 41,491 thousand, compared to RMB 70,912 thousand for the same period in 2022, indicating a decline of approximately 41.5%[12][14] - The company reported a basic earnings per share of RMB 0.0513, down from RMB 0.0874 in the previous year[7] - The diluted earnings per share for the reporting period amounted to RMB 41,491,000, compared to RMB 70,912,000 for the same period in 2022, reflecting a decrease of approximately 41.5%[51] Assets and Liabilities - Total assets as of June 30, 2023, were RMB 5,217,723 thousand, compared to RMB 4,962,843 thousand at the end of 2022, showing growth in asset base[9] - Trade receivables increased to RMB 1,797,552 thousand from RMB 1,542,308 thousand, reflecting a rise of 16.6%[9] - Current liabilities rose to RMB 3,343,089 thousand from RMB 3,169,342 thousand, indicating a 5.5% increase[10] - Total liabilities as of June 30, 2023, were RMB 3,414,658,000, compared to RMB 3,265,035,000 at the end of 2022[32] - The total bank and other borrowings as of June 30, 2023, amounted to RMB 2,264,808,000, compared to RMB 2,211,861,000 at the end of 2022[62] Cash Flow and Financial Position - Operating cash flow for the six months ended June 30, 2023, was a net outflow of RMB 241,539 thousand, a significant decrease from a net inflow of RMB 194,993 thousand in the same period of 2022[16][17] - The company reported a decrease in cash and cash equivalents, with a net reduction of RMB 299,816 thousand for the six months ended June 30, 2023, compared to a decrease of RMB 25,481 thousand in the same period of 2022[17] - As of June 30, 2023, the company's cash and cash equivalents were RMB 260.9 million, down from RMB 554.1 million as of December 31, 2022[93] Research and Development - Research and development expenses increased to RMB 48,458 thousand, up from RMB 39,471 thousand, indicating a focus on innovation[6] - R&D expenses increased by 22.8% from RMB 39.5 million in H1 2022 to RMB 48.5 million in H1 2023, reflecting enhanced efforts in developing higher-tech products for the cable business[88] Segment Performance - Revenue from external customers for the cable segment reached RMB 606,125,000, while the prestressed steel segment generated RMB 293,901,000, totaling RMB 900,026,000 for the first half of 2023[28] - The cable segment reported a profit of RMB 100,767,000, while the prestressed steel segment incurred a loss of RMB 15,154,000, resulting in a total segment profit of RMB 53,874,000 after unallocated expenses[28] - Revenue from the manufacturing, installation, and sales of cables was RMB 606,125,000, up 17.7% from RMB 514,934,000 in 2022[39] - Revenue from the manufacturing and sales of customized prestressed steel was RMB 293,901,000, down 42.7% from RMB 513,332,000 in 2022[39] Shareholder Information - Dr. Tang holds 493,070,064 shares, representing approximately 60.96% of the company's equity[107] - The total number of shares issued as of June 30, 2023, is 808,880,000[111] - China Merchants Bank holds 200,000,000 shares, accounting for 24.66% of the company's equity[111] - The stock option plan allows for a maximum of 10% of the total issued shares to be granted under the plan[117] Corporate Governance - The company has complied with all applicable corporate governance codes during the reporting period[145] - The company has adopted the standard code of conduct for directors regarding securities trading as per the listing rules, ensuring compliance during the reporting period[147] - The company will continue to review its internal control procedures to ensure adequate measures are in place for director securities trading compliance[148]

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 或任何部份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。 PUJIANG INTERNATIONAL GROUP LIMITED 浦江國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2060） 截 至2023年6月30日止六個月之 中期業績公告 財務亮點 未經審核 截 至6月30日止六個月 | --- | --- | --- | |------------|------------|-------| | 2023年 | 2022年 | 變 動 | | 人民幣千元 | 人民幣千元 | (%) | | --- | --- | --- | --- | |----------|---------|-----------|--------| | 收 益 | 900,026 | 1,028,266 | (12.5) | | 毛 利 | 225,342 | 230,211 | (2.1) | | 期內溢利 | 43,752 | 75,711 | (42.2) ...

Financial Performance - The company's revenue for the fiscal year ended December 31, 2022, was RMB 2.15 billion, a slight decrease of 0.2% compared to RMB 2.16 billion in 2021[11] - Gross profit for 2022 was RMB 566.56 million, down 1.2% from RMB 573.45 million in the previous year[11] - Net profit for the year decreased by 15.7% to RMB 181.79 million from RMB 215.53 million in 2021[11] - The profit attributable to the company's owners was RMB 171.30 million, reflecting a 16.4% decline from RMB 205.02 million in 2021[11] - Total revenue for the year ended December 31, 2022, was RMB 2,151.8 million, a slight decrease of 0.2% compared to 2021[15] - Net profit for the same period was RMB 181.8 million, down 15.7% from the previous year[15] - Gross profit margin decreased from 26.6% in 2021 to 26.3% in 2022[15] - Revenue from the cable business increased by 8.0% from RMB 1,208.4 million in 2021 to RMB 1,304.5 million in 2022, driven by an increase in project deliveries in 2022[31] - Revenue from the prestressed materials business decreased by 10.6% from RMB 947.9 million in 2021 to RMB 847.3 million in 2022, mainly due to the relocation of the Jiujiang production facility and the COVID-19 pandemic[31] - Financial expenses increased by 33.3% from RMB 106.4 million in 2021 to RMB 141.8 million in 2022, primarily due to increased bank borrowings and one-time financial costs related to international financial institution loans[37] Operational Developments - The company has over 100 ongoing projects in the cable business, including major bridge projects like the Shenzhen-Zhongshan Link and the Fulong West River Bridge[4] - The company completed the expansion of its galvanized prestressed product capacity in April 2023, enhancing its operational efficiency[4] - The company completed 100 new cable projects in 2022 and has 135 ongoing projects as of the report date[16] - New production capacity for prestressed materials in Jiujiang, China, is expected to be completed by the end of April 2023[22] - The company has initiated the construction of a research and development center, which is expected to be completed in the first half of 2023, although the timeline has been delayed due to the COVID-19 pandemic[55] Research and Development - The company developed several new patented technologies for cable production, including a big data-based safety monitoring system[20] - The company obtained 16 new registered patents and has 41 pending patent applications as of December 31, 2022[20][22] - The company has a strong focus on R&D in metal materials, with notable achievements including awards for papers on large-span bridge cables[70] ESG and Sustainability - The company received a "B" rating from CDP for its climate change efforts, ranking among the top 40 companies evaluated in China[7] - The company is committed to integrating ESG standards into its operations and has developed a 2,060 MPa ultra-high-strength cable that reduces steel usage by approximately 12%[9] - The company achieved a B rating from CDP for climate change efforts, ranking among the top 40 Chinese tech companies[28] - The company is committed to improving its ESG management capabilities to balance stakeholder interests and fulfill social responsibilities[57] Financial Position and Cash Flow - Cash and cash equivalents increased to RMB 554.1 million as of December 31, 2022, up from RMB 373.0 million as of December 31, 2021[42] - Operating cash flow for the period was RMB 414.7 million, excluding income tax paid of RMB 36.3 million[44] - The current ratio increased to 1.57 as of December 31, 2022, compared to 1.55 as of December 31, 2021, mainly due to an increase in trade receivables and warranty receivables[42] - The net cash used in investing activities during the reporting period was RMB 195.9 million, primarily consisting of an increase in restricted bank deposits of RMB 33.8 million and purchases of property, plant, and equipment amounting to RMB 165.2 million[45] - The net cash used in financing activities was RMB 3.8 million, which included net bank borrowings of RMB 27.1 million for general working capital and business expansion, and lease liabilities payments of RMB 30.3 million[46] Governance and Management - 华伟先生 appointed as executive director, overseeing auxiliary business and internal management since March 2021[67] - 倪晓峰先生 has over 23 years of experience in the prestressed materials industry, responsible for overall management and financial operations since December 2018[68] - The management team has extensive experience in the cable and prestressed materials industry, with key members having over 32 years of experience[82][85][91] - The company has established a compensation committee to review the remuneration policies for directors and senior management based on operational performance[136] - The board consists of seven members, including four executive directors and three independent non-executive directors[181] - The board is responsible for approving and monitoring the overall strategy and policies of the group, as well as evaluating group performance[183] Shareholder Information - Major shareholders include Elegant Kindness with 60.37% ownership, China Merchants Bank with 24.66%, and China Silver Asset Management Limited with 10%[113] - The total number of issued shares as of December 31, 2022, is 811,044,000[110] - The company did not declare a final dividend for the reporting period, consistent with the previous year[164] - The company has granted a total of 29,480,000 stock options under the stock option plan as of December 31, 2022[116] Risks and Challenges - The COVID-19 pandemic caused delays in many bridge construction projects, impacting operations and profits[27] - The company faces various financial and market risks that could adversely affect its performance and strategy implementation[102] - The company has not experienced any significant violations of applicable laws and regulations during the reporting period[144]

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 或任何部份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。 PUJIANG INTERNATIONAL GROUP LIMITED 浦江國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2060） 截 至2022年12月31日止年度之 年度業績公告 財務亮點 截 至12月31日止年度 | --- | --- | --- | |------------|-------------|-------| | 2022年 | 2021年 變動 | | | 人民幣千元 | 人民幣千元 | (%) | | --- | --- | --- | |----------------------|-----------|-----------------| | 收 益 | 2,151,767 | 2,156,263 (0.2) | | 毛 利 | 566,558 | 573,452 (1.2) | | 年內溢利 | 181,788 | 215,534 (15.7) | ...

Revenue and Profitability - Revenue for the six months ended June 30, 2022, was RMB 1,028,266 thousand, an increase of 8.0% compared to RMB 952,165 thousand for the same period in 2021[8] - Net profit for the six months ended June 30, 2022, was RMB 75,711 thousand, a decrease of 22.7% from RMB 97,943 thousand in 2021[10] - Basic earnings per share for the period was RMB 0.0874, compared to RMB 0.0980 in the previous year[10] - The company reported a decrease in profit before tax of 31.8%, from RMB 121,105 thousand in 2021 to RMB 82,620 thousand in 2022[117] - The company's pre-tax profit before income tax expenses was RMB 70,912,000, a decrease of 11.5% compared to RMB 79,447,000 in the previous year[166] Costs and Expenses - Gross profit for the same period was RMB 230,211 thousand, down 12.0% from RMB 261,745 thousand in 2021[8] - The company reported a financial cost of RMB 76,951 thousand, which increased from RMB 50,143 thousand in 2021[8] - The financial costs increased by 53.5%, rising from RMB 50,143 thousand in 2021 to RMB 76,951 thousand in 2022[117] - Interest expenses on bank loans increased to RMB 73,125,000 from RMB 50,034,000, representing a rise of 46.1%[155] - The cost of goods sold for the period was RMB 798,055,000, up from RMB 690,420,000, reflecting a year-over-year increase of 15.6%[156] Assets and Liabilities - The company’s total assets as of June 30, 2022, were RMB 1,500,000 thousand, reflecting growth from the previous year[12] - Total assets increased to RMB 5,758,976 thousand, up from RMB 5,320,843 thousand, representing a growth of 8.2%[13] - Current assets totaled RMB 5,040,850 thousand, compared to RMB 4,764,663 thousand, reflecting an increase of 5.8%[13] - Current liabilities totaled RMB 3,233,038 thousand, compared to RMB 3,040,656 thousand, indicating an increase of 6.3%[13] - Non-current liabilities amounted to RMB 283,362 thousand, up from RMB 110,759 thousand, representing a significant increase of 155.5%[16] - The total liabilities increased to RMB 3,516,400 thousand as of June 30, 2022, compared to RMB 3,151,415 thousand at the end of 2021, indicating a rise of about 11.6%[134] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2022, was RMB 194,993 thousand, a significant improvement from a cash outflow of RMB 536,354 thousand in the same period of 2021[117] - The net cash used in investing activities was RMB 131,343 thousand, compared to RMB 20,217 thousand in the previous year, indicating increased investment outflows[119] - The company’s financing activities resulted in a net cash outflow of RMB 89,131 thousand, compared to RMB 25,464 thousand in the same period of 2021[119] Inventory and Receivables - Trade receivables and receivables from guarantees rose to RMB 1,663,166 thousand, a 25.4% increase from RMB 1,326,654 thousand[13] - Inventory increased to RMB 662,601 thousand, up from RMB 602,799 thousand, marking a growth of 9.9%[13] - Trade receivables increased to RMB 1,578,014,000 as of June 30, 2022, from RMB 1,218,915,000 as of December 31, 2021, marking a significant increase of 29.5%[188] Government Grants and Other Income - The company received government grants totaling RMB 4,543 thousand during the first half of 2022[135] - Other comprehensive income for the period included a foreign exchange loss of RMB 2,563 thousand, compared to a loss of RMB 11,059 thousand in 2021[10] Segment Performance - The segment profit before tax for the cable segment was RMB 58,640 thousand, while the prestressed steel segment reported a profit of RMB 51,850 thousand, leading to a total segment profit of RMB 110,490 thousand for the first half of 2022[129] - The company reported a total segment loss of RMB 27,870 thousand in unallocated items for the first half of 2022[129] Share of Associates - The net asset value attributable to the company's share of interests in associates was RMB 185,936,000 as of June 30, 2022, compared to RMB 193,494,000 at the end of the previous year[175] - The group's share of the profit from Shanghai Pushi Medical Technology Co., Ltd. was RMB 1,269,000 for the six months ended June 30, 2022, down 72% from RMB 4,537,000 in the same period of 2021[182] Capital Expenditures - Capital expenditures for property, plant, and equipment were approximately RMB 146,982,000, significantly higher than RMB 31,858,000 in the same period last year[171]

Financial Performance - The company's revenue for the fiscal year ended December 31, 2021, was RMB 2,156.3 million, representing a 10.7% increase from RMB 1,947.1 million in 2020[17] - Gross profit for 2021 was RMB 573.5 million, up 10.7% from RMB 517.8 million in the previous year[17] - Net profit for the year increased by 15.0% to RMB 215.5 million, compared to RMB 187.4 million in 2020[17] - Profit attributable to owners of the company rose by 35.6% to RMB 205.0 million, compared to RMB 151.2 million in the prior year[17] - The diluted earnings per share for 2021 was RMB 0.2519, a 35.4% increase from RMB 0.1861 in 2020[17] - The total revenue for the year ended December 31, 2021, was RMB 2,156.3 million, an increase of 10.7% compared to RMB 1,947.1 million for the year ended December 31, 2020[22] - The net profit for the year ended December 31, 2021, was RMB 215.5 million, reflecting a 15.0% increase from RMB 187.4 million for the year ended December 31, 2020[22] - The gross profit margin remained stable at approximately 26.6% for both years ended December 31, 2020, and December 31, 2021[22] Business Expansion and Operations - The company is actively expanding its production capacity in the prestressed business to capture market growth opportunities in galvanized products[11] - The privatization of the US-listed subsidiary, Aosheng Innovation Co., Ltd., was completed in September 2021, enhancing the company's internal business integration capabilities[11] - The company holds a 40% stake in Shanghai International Superconducting Co., Ltd., which successfully completed the installation of the world's first kilometer-level high-temperature superconducting cable[11] - The company completed 109 cable projects in 2021 and had 90 ongoing projects, with an unfulfilled contract value of RMB 1,353 million[23] - The company has begun construction of a new production base in Jiujiang, Jiangxi Province, with timelines affected by COVID-19[76] - The company has initiated the construction of a research and development center, also impacted by COVID-19 delays[77] Research and Development - The company developed several new patented technologies for bridge cables, including a dehumidification system for anchoring and high-temperature main cables, obtaining 19 new registered patents in 2021[30] - The company has applied for 10 new patents related to prestressed materials, which are pending approval[32] - Research and development expenses grew by 12.5% to RMB 107.6 million in 2021, reflecting additional resources allocated for new technology development[53] - The company plans to enhance its R&D capabilities to benefit from advancements in high-tech materials and transportation infrastructure technologies[80] Financial Position and Liabilities - The company reported a total asset value of RMB 5,320.8 million as of December 31, 2021, an increase from RMB 4,595.6 million as of December 31, 2020[22] - The total liabilities amounted to RMB 3,151.4 million as of December 31, 2021, compared to RMB 2,512.2 million as of December 31, 2020[22] - As of December 31, 2021, the group's outstanding bank and other borrowings amounted to RMB 2,018.7 million, an increase from RMB 1,640.4 million as of December 31, 2020, with a debt-to-asset ratio of 56.3%[67] Market Opportunities and Strategy - The company plans to leverage opportunities in the infrastructure market and enhance its R&D capabilities to create more value for investors[16] - The company expects increased demand for its products due to the Chinese government's measures to stimulate economic growth and infrastructure development[80] - In 2022, it is anticipated that provincial governments in China will issue special bonds to fund infrastructure projects, providing significant financial support for development[80] - The company aims to leverage Chinese government measures to actively explore and seize opportunities in domestic and international infrastructure markets to enhance its market leadership[81] - The company will seek acquisition opportunities to further expand its market share and pricing power[81] Corporate Governance and Compliance - The board highlighted the importance of sustainability initiatives, committing to reduce carbon emissions by I% by 2025[94] - The board of directors has confirmed the independence of all independent non-executive directors in accordance with listing rules[124] - The company has established a compensation committee to review the remuneration policies based on operational performance and market practices[133] - The company confirmed compliance with applicable laws and regulations without any significant violations in 2021[171] Shareholder Information and Stock Options - As of December 31, 2021, the company’s major shareholder, Elegant Kindness Limited, holds 553,298,064 shares, representing 68.22% of the total shares[145] - The company has granted a total of 42,000,000 stock options under the stock option plan as of December 31, 2021[148] - The stock option plan aims to attract and retain talented employees and contributors to the growth of the group and its investee entities[149] - The stock option plan is designed to reward qualified individuals who contribute to the operational success of the company[163] Employee and Operational Efficiency - The total number of employees as of December 31, 2021, was 444, a decrease from 454 in 2020, with total employee costs amounting to RMB 50.0 million[163] - The company provides a comprehensive and attractive compensation and benefits package to its employees, along with continuous learning and training programs[163] - The management emphasized a focus on operational efficiency, aiming to reduce costs by F% over the next fiscal year[94]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 952,165 thousand, an increase of 22.2% compared to RMB 778,656 thousand for the same period in 2020[9] - Gross profit for the same period was RMB 261,745 thousand, representing a gross margin of 27.5%, up from RMB 209,941 thousand in 2020[9] - Net profit for the six months ended June 30, 2021, was RMB 97,943 thousand, a 18.4% increase from RMB 82,728 thousand in 2020[9] - Basic earnings per share for the period was RMB 0.0980, compared to RMB 0.0803 for the same period last year[11] - Total comprehensive income for the period was RMB 86,884 thousand, slightly down from RMB 88,670 thousand in the previous year[11] - The profit before tax for the six months ended June 30, 2021, was RMB 121,105,000, compared to RMB 89,872,000 for the same period in 2020, indicating an increase of about 34.8%[34] - The company reported a profit of RMB 79,447 thousand for the six months ended June 30, 2021, compared to RMB 65,115 thousand for the same period in 2020, representing an increase of approximately 21.9%[16] - The company declared dividends amounting to RMB 40,552 thousand during the period[16] Expenses and Costs - Research and development expenses increased to RMB 41,890 thousand, up from RMB 31,318 thousand in 2020, indicating a focus on innovation[9] - The company’s financial costs rose to RMB 50,143 thousand from RMB 40,218 thousand in 2020, reflecting increased borrowing costs[9] - General and administrative expenses rose by 21.8% to RMB 35.7 million, mainly due to increased legal and professional fees[104] - The income tax expense for the first half of 2021 was RMB 23,162,000, significantly higher than RMB 7,144,000 in the same period of 2020, marking an increase of over 224%[52] - The total employee costs decreased to RMB 27,128,000 in 2021 from RMB 30,605,000 in 2020, indicating a reduction of about 11%[51] Assets and Liabilities - As of June 30, 2021, total assets increased to RMB 4,763,322 thousand from RMB 4,595,630 thousand as of December 31, 2020, representing a growth of approximately 3.66%[13] - Current liabilities rose to RMB 2,028,915 thousand, up from RMB 1,904,403 thousand, indicating an increase of about 6.53%[14] - Total liabilities increased to RMB 2,633,580 thousand from RMB 2,512,220 thousand, indicating a rise of about 4.83%[14] - Cash and cash equivalents decreased significantly to RMB 298,827 thousand from RMB 891,921 thousand, a decline of approximately 66.5%[13] - The company's equity attributable to owners increased to RMB 1,791,279 thousand from RMB 1,764,355 thousand, marking a growth of about 1.53%[14] Cash Flow - The net cash flow from operating activities for the six months ended June 30, 2021, was a negative RMB 536,354 thousand, compared to a positive RMB 23,767 thousand in the same period of 2020[21] - The company’s cash flow from financing activities showed a net outflow of RMB 25,464,000 for the six months ended June 30, 2021, compared to a net inflow of RMB 246,156,000 in the same period of 2020[22] - The net cash flow from operating activities for the six months ended June 30, 2021, was RMB 513.3 million, excluding income tax paid of RMB 23.0 million[111] Market and Growth Prospects - The company aims to expand its market presence and enhance product offerings in the upcoming quarters[9] - The management remains optimistic about future growth prospects despite the challenges posed by foreign exchange fluctuations[9] - The company anticipates increased opportunities in 2021 due to the Chinese government's infrastructure development policies and the "14th Five-Year Plan" initiatives[125] - The company will continue to invest heavily in its innovative R&D capabilities to identify potential strategic investment opportunities[125] Segment Performance - The cable segment generated revenue of RMB 512,430,000 for the six months ended June 30, 2021, compared to RMB 407,456,000 in the same period of 2020, marking an increase of approximately 25.8%[32] - The prestressed steel segment reported revenue of RMB 439,735,000 for the six months ended June 30, 2021, up from RMB 371,200,000 in the same period of 2020, which is an increase of about 18.4%[34] - For the six months ended June 30, 2021, the total revenue from external customers was RMB 511,917,000, a significant increase from RMB 251,857,000 in the same period of 2020, representing a growth of 103%[42] Shareholder Information - Dr. Tang holds 552,721,064 shares, representing 68.15% of the company's equity[127] - Major shareholder Elegant Kindness owns 552,721,064 shares, also accounting for 68.15% of the equity[131] - China Merchants Bank holds 200,000,000 shares, representing 24.66% of the company's equity[131] Stock Options and Employee Compensation - The company has granted a total of 42,000,000 stock options under the stock option plan as of June 30, 2021[133] - The stock option plan aims to attract and retain talented employees and contributors to the group's growth[134] - The total number of employees as of June 30, 2021, was 461, with a total employee cost of RMB 27.1 million[145] - The major management personnel compensation for the six months ended June 30, 2021, was RMB 874,000, up from RMB 472,730 in the same period of 2020, reflecting an increase of 84.9%[85] Corporate Governance - The company's unaudited interim consolidated results have been reviewed by the audit committee and external auditors according to the Hong Kong Institute of Certified Public Accountants' standards[154] - The company is committed to maintaining high levels of corporate governance and has complied with all provisions of the corporate governance code during the reporting period[155] - The company has adopted the standard code of conduct for securities transactions as per the listing rules and all directors confirmed compliance during the reporting period[156]

Financial Performance - The company's net profit increased by 39.5% to RMB 187.37 million for the fiscal year ending December 31, 2020, compared to RMB 134.35 million in 2019[9]. - Total revenue for 2020 was RMB 1,947.10 million, representing a 7.4% increase from RMB 1,812.42 million in 2019[13]. - Gross profit rose by 13.5% to RMB 517.84 million, up from RMB 456.10 million in the previous year[13]. - The diluted earnings per share increased by 35.2% to RMB 0.1861 from RMB 0.1376 in 2019[13]. - The gross profit margin improved from 25.2% to 26.6%, primarily due to enhancements in the cable business[31]. - Revenue increased by 7.4% from RMB 1,812.4 million in 2019 to RMB 1,947.1 million in 2020, primarily due to the growth in cable business revenue[50]. - Cable business revenue rose by 15.9% from RMB 883.5 million in 2019 to RMB 1,023.9 million in 2020, driven by increased sales of stay cables[50]. - Cash and cash equivalents increased to RMB 891.9 million as of December 31, 2020, up from RMB 307.6 million in 2019[65]. - The current ratio improved to 2.13 as of December 31, 2020, compared to 1.89 in 2019, due to an increase in cash and cash equivalents[65]. - Total assets increased by 23.4% to RMB 4,595.63 million from RMB 3,725.30 million in 2019[13]. - Total liabilities rose by 37.9% to RMB 2,512.22 million, compared to RMB 1,821.77 million in the previous year[13]. Project and Investment Activities - The company has 36 ongoing projects with an uncompleted contract amount of RMB 939 million, including major bridge projects like the Shenzhen-Zhongshan Link[9]. - The company acquired a 40% stake in Shanghai International Superconducting Technology Co., becoming the largest shareholder, which focuses on superconducting cable solutions[10]. - The company holds a 23.4% stake in Pushi Medical, valued at RMB 3 billion, which is preparing for an IPO in China[10]. - The cable business secured 85 new projects with a total contract value of approximately RMB 999.7 million in 2020[32]. - The company completed 60 cable business projects in 2020, with 36 ongoing projects and an unfulfilled contract value of RMB 939.2 million as of the report date[32]. - The company has completed the land acquisition for a new production base in Jiujiang, Jiangxi Province, and construction has commenced, although the timeline has been delayed due to COVID-19[79]. - The company has started the construction of a research and development center, with the timeline also affected by COVID-19[80]. - The company has begun procuring production and environmental protection equipment, with delays attributed to the COVID-19 situation[81]. Research and Development - Research and development expenses grew by 19.7% from RMB 79.9 million in 2019 to RMB 95.7 million in 2020, reflecting additional resources allocated for new technology development[58]. - The company is actively involved in research and development, contributing to advancements in materials engineering and technology[99]. - The company plans to continue enhancing its technological capabilities and invest heavily in research and development[85]. - The company has a strong focus on technological research and development in the prestressed materials sector[133]. Management and Governance - Dr. Tang has been the Chairman of the Board for Ossen Innovation (NASDAQ: OSN) since August 2010, indicating a long-term leadership role in a publicly listed company[89]. - Mr. Zhou has over 26 years of experience in the cable industry and has been the CEO since December 2018, responsible for overall management and financial operations[95]. - Mr. Hua has over 35 years of experience in the prestressed materials industry and was appointed as an executive director in March 2021, overseeing auxiliary business and internal management[97]. - The company has a diverse board with members holding various positions in subsidiaries, indicating a strong governance structure[89]. - The leadership team has a significant tenure in their respective roles, suggesting stability and continuity in management[95][97][98]. - The management team has extensive experience in finance, engineering, and auditing, contributing to the company's operational effectiveness[112][113][117]. - The board composition includes members with significant academic and professional qualifications, enhancing governance and oversight[103][106][108]. Financial Management and Risks - The company has faced various risks, including financial and liquidity risks that could impact its operational performance and strategy execution[137]. - Financial expenses rose by 35.2% from RMB 67.5 million in 2019 to RMB 91.3 million in 2020, mainly due to increased bank borrowings[59]. - The company recorded a loss from associates of RMB 3.9 million in 2020, up from RMB 5,000 in 2019, primarily due to losses from Shanghai Superconductor[60]. - General and administrative expenses decreased by 26.6% from RMB 103.6 million in 2019 to RMB 76.1 million in 2020, mainly due to a reduction in one-time expenses related to the company's listing preparations[57]. - The outstanding bank and other borrowings amounted to RMB 1,640.4 million as of December 31, 2020, an increase from RMB 946.8 million as of December 31, 2019, resulting in a debt-to-asset ratio of 35.7%[72]. Shareholder and Stock Option Information - The company raised a net amount of RMB 451.9 million from its listing on the Hong Kong Stock Exchange, with 27.2% allocated for repaying bank financing[77]. - The company has adopted a share option scheme as a reward for eligible employees[143]. - A total of 42,000,000 stock options were granted under the stock option plan as of December 31, 2020[155]. - The stock option plan aims to encourage and reward contributions to the growth of the group and its investee entities[156]. - The maximum number of shares that may be issued upon exercise of stock options under the plan cannot exceed 10% of the total issued shares at the time of listing[160]. - Participants in the stock option plan include employees, non-executive directors, suppliers, customers, and other stakeholders[159]. - The subscription price for shares under the stock option plan is determined by the board and cannot be lower than the highest of the closing price on the grant date or the average closing price over the preceding five trading days[164]. - The stock option plan is valid for a period of ten years from May 28, 2019, unless terminated early by shareholders[165]. Market Opportunities and Economic Environment - The Chinese government has implemented multiple policies to stimulate economic growth, which is expected to increase demand for the company's products in the coming years[84]. - The company anticipates significant market opportunities for its products due to the government's focus on improving transportation infrastructure, including plans to build approximately 240 new bridges and tunnels[85]. Miscellaneous - The company has not disclosed any new product or technology developments, market expansions, or mergers and acquisitions in the provided documents[152]. - The group did not make any significant investments or acquisitions of major capital assets during the fiscal year ending December 31, 2020[175]. - The group did not purchase, sell, or redeem any listed securities in 2020[181]. - The company maintained a sufficient public float of at least 25% of its issued shares as per listing rules[197]. - The board proposed a final dividend of HKD 0.05 per ordinary share for the year ended December 31, 2020, compared to no dividend in 2019, subject to shareholder approval[199].

Revenue and Profitability - Revenue for the six months ended June 30, 2020, was RMB 778,656 thousand, an increase of 3.4% compared to RMB 755,970 thousand for the same period in 2019[11] - Net profit for the six months ended June 30, 2020, was RMB 82,728 thousand, a significant increase of 63.5% compared to RMB 50,547 thousand in 2019[11] - Total comprehensive income for the period was RMB 88,670 thousand, compared to RMB 50,534 thousand in 2019, reflecting a growth of 75.4%[14] - Basic earnings per share for the period was RMB 0.0803, compared to RMB 0.0535 for the same period last year[14] - The group reported a total revenue of RMB 775,828,000 from the sale of custom pre-stressed steel and cables for the six months ended June 30, 2020[67] - Profit for the period was RMB 82.7 million, representing a 63.7% increase year-on-year; however, it was a 12.5% decrease compared to the adjusted net profit of RMB 94.6 million from the first half of 2019[148] Expenses and Costs - Gross profit for the same period was RMB 209,941 thousand, representing a gross margin of 26.9%, up from RMB 191,651 thousand in 2019[11] - Distribution and selling expenses rose to RMB 22,679 thousand from RMB 9,694 thousand, reflecting increased marketing efforts[11] - Research and development expenses increased to RMB 31,318 thousand, up from RMB 24,882 thousand in the previous year, indicating a focus on innovation[11] - The total cost of sold inventory for the six months ended June 30, 2020, was RMB 568,714,000, slightly up from RMB 564,319,000 in the same period of 2019, showing a marginal increase of about 1%[73] - Financial expenses increased by 27.8% from RMB 31.5 million in H1 2019 to RMB 40.2 million in H1 2020, mainly due to increased bank borrowings[167] Assets and Liabilities - As of June 30, 2020, total assets increased to RMB 4,255,323 thousand, up from RMB 3,725,299 thousand, representing a growth of approximately 14.2% year-over-year[17] - Total liabilities increased to RMB 2,064,513 thousand from RMB 1,777,559 thousand, marking a rise of around 16.1%[17] - Current assets reached RMB 3,903,802 thousand, compared to RMB 3,357,949 thousand in the previous year, indicating an increase of about 16.3%[17] - The company's net asset value stood at RMB 1,992,198 thousand, up from RMB 1,903,528 thousand, reflecting a growth of approximately 4.7%[20] - The company's total bank borrowings as of June 30, 2020, were RMB 1,233.5 million, up from RMB 946.8 million at the end of 2019, resulting in a debt-to-equity ratio of 61.9%[181] Cash Flow - Operating cash flow for the six months ended June 30, 2020, was RMB 23,767,000, compared to a negative cash flow of RMB 75,744,000 in the same period of 2019[30] - The company reported a net cash inflow from financing activities of RMB 246,156,000, a decrease from RMB 591,914,000 in the previous year[32] - The company's cash and cash equivalents amounted to RMB 645.2 million as of June 30, 2020, compared to RMB 307.6 million at the end of 2019, indicating a significant increase of 109.8%[177] Market and Business Strategy - The company has plans for market expansion and new product development to sustain growth in the upcoming periods[11] - The company plans to continue its strategy of expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[120] - The company will continue to focus on increasing sales in the cable business and galvanized prestressed products throughout 2020[195] COVID-19 Impact - The company has implemented several preventive measures against COVID-19, which had a slight impact on operations during the reporting period[144] - The company plans to continue monitoring the impact of COVID-19 on its operations and performance[148] - The company anticipates that production and sales orders will return to normal in the second half of 2020, despite the overall financial performance being negatively impacted by the COVID-19 pandemic[195] Shareholder Information - The company has not declared or paid any dividends since its incorporation[83] - As of June 30, 2020, Dr. Tang holds 535,652,064 shares, representing a 66.04% equity interest in the company[200] - Mr. Ni holds 1,300,000 shares, representing a 0.16% equity interest in the company[200] - Mr. Zhou holds 2,520,000 shares, representing a 0.31% equity interest in the company[200]