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 公司名稱: 正味集团控股有限公司 呈交日期: 2025年8月1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) | 02147 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | USD | | 0.01 | USD | | 80,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 8,000,000,000 | USD | | 0.01 | USD | | 80,000,000 | 本月底法定/註冊股本總額： USD 80,000,000 FF301 截至月份: 2025年 ...

Financial Performance - The company's total revenue for the reporting period was approximately RMB 598.1 million, an increase of about 34.3% compared to approximately RMB 445.2 million in the previous period[17]. - Gross profit for the reporting period was approximately RMB 9.4 million, a decrease of about 93.6% from approximately RMB 147.3 million in the previous period, resulting in a gross margin of approximately 1.6%, down 31.5 percentage points from 33.1%[20]. - The net loss for the reporting period was approximately RMB 53.6 million, compared to a net profit of approximately RMB 67.5 million in the previous period, mainly due to a significant increase in direct material costs[26]. - Revenue for the twelve months ended December 31, 2024, was RMB 598,057 thousand, representing a 34.3% increase from RMB 445,214 thousand in 2023[67]. - The group reported a net loss attributable to ordinary equity holders of RMB (53,574,000) for 2024, compared to a profit of RMB 67,517,000 in 2023, indicating a shift in performance[91]. - The income tax expense for the twelve months ending December 31, 2024, was RMB 19,843,000, up from RMB 9,182,000 in 2023, representing a 116.3% increase[87]. Operational Highlights - The group primarily produces dried food products and snacks in Jiangxi Province, China, with additional operations in Sichuan and Hubei Provinces[10]. - The company operates two production facilities in Jiangxi Province, focusing on processing and packaging dried food products and snacks[14]. - The company plans to introduce new snack products, including vegetable snacks like mushrooms and meat snacks such as boneless chicken feet and beef jerky, to align with evolving consumer preferences[15]. - The company aims to expand its supermarket sales network and promotional counters in Southwest China, particularly in Sichuan Province[16]. - The group has established a solid customer base, including retailers and corporate clients, through over 20 years of experience in dried food production[13]. Financial Position - Cash and cash equivalents decreased by approximately 24.4%, from approximately RMB 199.2 million as of December 31, 2023, to approximately RMB 150.5 million as of December 31, 2024[29]. - Total assets decreased to RMB 487,545 thousand from RMB 522,776 thousand year-over-year[70]. - The company’s total liabilities decreased to RMB 213,035,000 as of January 1, 2024, from RMB 220,168,000 at the end of 2023[72]. - The company had no asset pledges as of December 31, 2024, compared to approximately RMB 18.2 million on December 31, 2023[52]. Shareholder Information - The total number of issued shares as of the mid-term report date was 1,120,000,000 shares[45]. - As of December 31, 2024, major shareholders include Shengyao Investment with 190,207,478 shares (19.81%), and Nanchang County Cultural Tourism Investment Co., Ltd. with 283,287,733 shares (29.51%)[49]. - The company views the second placement as a good opportunity to broaden its shareholder base and capital foundation[42]. - The company completed a second placement of shares on January 6, 2025, at HKD 0.038 per share[55]. Employee and Management Information - The company had a total of 123 employees as of December 31, 2024, an increase from 755 employees on December 31, 2023, due to increased sales and the need for more production staff[46]. - The company’s compensation policy is based on individual employee performance, qualifications, experience, and overall company performance[46]. - The company appointed Mr. Yu Zhijie as an independent non-executive director effective January 15, 2025[56]. - The company replaced its auditor with Yongtuo Fuxin CPA Firm effective February 24, 2025, after the previous auditor resigned[57]. Inventory and Cost Management - The company reported an increase in inventory, with a rise of RMB 15,923,000 in 2024 compared to an increase of RMB 7,935,000 in 2023[73]. - The group's inventory as of December 31, 2024, was RMB 114,195,000, compared to RMB 98,606,000 in 2023, showing an increase of 15.8%[97]. - Trade payables increased to RMB 71,127,000 in 2024 from RMB 48,360,000 in 2023, indicating a rise in operational liabilities[101]. Compliance and Governance - The company has adopted the standard code for securities transactions by directors, confirming compliance during the reporting period[62]. - The audit committee reviewed the unaudited interim results for the twelve months ended December 31, 2024, and found no discrepancies in financial disclosures[64]. - The group did not declare an interim dividend for the twelve months ending December 31, 2024, consistent with the previous year[90].

Financial Performance - The company's revenue for the twelve months ending December 31, 2024, was RMB 598,057,000, representing a 34.3% increase compared to RMB 445,214,000 in the previous period[4] - The gross profit decreased significantly to RMB 9,447,000 from RMB 147,260,000, indicating a decline of 93.6%[4] - The net loss for the period was RMB 53,574,000, compared to a profit of RMB 67,517,000 in the previous year, marking a turnaround of 179.3%[4] - The company reported a basic and diluted loss per share of RMB 0.06, compared to earnings per share of RMB 0.09 in the previous period[4] - The company reported a net loss attributable to ordinary equity holders of RMB (53,574,000) for 2024, compared to a profit of RMB 67,517,000 in 2023[26] - Basic and diluted loss per share for 2024 was RMB (0.06), a decline from earnings of RMB 0.09 per share in 2023[26] - The net loss for the reporting period was approximately RMB 53.6 million, compared to a net profit of approximately RMB 67.5 million in the previous period, primarily due to a significant increase in direct material costs[58] Assets and Liabilities - The company's total assets decreased to RMB 487,545,000 from RMB 522,776,000, a decline of 6.7%[6] - Current assets decreased slightly to RMB 380,762,000 from RMB 397,650,000, a reduction of 4.2%[6] - The company's cash and cash equivalents decreased to RMB 150,544,000 from RMB 199,186,000, a decline of 24.4%[6] - Trade payables increased to RMB 71,127,000 from RMB 48,360,000, an increase of 47.0%[7] - The company's total equity attributable to owners decreased to RMB 411,706,000 from RMB 436,935,000, a decrease of 5.8%[7] - The company’s trade receivables aged analysis showed a total of RMB 94,805,000 as of December 31, 2024, compared to RMB 92,300,000 in 2023[31] - Current assets decreased from approximately RMB 311.8 million as of December 31, 2023, to about RMB 304.9 million as of December 31, 2024[59] - Cash and cash equivalents decreased by approximately 24.4%, from about RMB 199.2 million as of December 31, 2023, to approximately RMB 150.5 million as of December 31, 2024[62] - As of December 31, 2024, the company had no borrowings, compared to approximately 4.0% debt-to-equity ratio as of December 31, 2023[63] - The company had no significant investments exceeding 5% of total assets as of December 31, 2024[64] - As of December 31, 2024, the company had no assets pledged, compared to approximately RMB 18.2 million as of December 31, 2023[81] Revenue Breakdown - The revenue from dried products surged to RMB 356,362,000 in 2024, compared to RMB 112,060,000 in 2023, reflecting a growth of 218.5%[19] - The company recorded total revenue of approximately RMB 598.1 million, an increase of about 34.3% compared to approximately RMB 445.2 million in the previous period[48] - The sales cost amounted to approximately RMB 588.6 million, representing an increase of about 97.5% from approximately RMB 298.0 million in the previous period[50] - Gross profit was approximately RMB 9.4 million, a decrease of about 93.6% from approximately RMB 147.3 million in the previous period, with a gross margin of approximately 1.6%, down 31.5 percentage points from about 33.1%[51] - Other income decreased from approximately RMB 6.4 million in the previous period to approximately RMB 4.2 million, mainly due to a reduction in government subsidies[52] Capital Expenditures and Share Issuance - The company made capital expenditures of approximately RMB 40,000 in 2024, down from RMB 74,000 in 2023[29] - The company issued 200,000,000 new shares at HKD 0.68 per share, raising a total of approximately HKD 136 million (about RMB 121.49 million) on January 13, 2023[ii] - The company issued 160,000,000 new shares at HKD 0.138 per share, raising approximately HKD 22.08 million (about RMB 20.07 million) on June 5, 2024[iii] Operational Changes and Future Plans - The company continues to engage in the procurement, processing, and trading of dried delicacies, snacks, dried seafood, grains, and seasonings primarily in China[16] - The company plans to launch new vegetable snacks and meat snacks, leveraging established relationships with retail partners to facilitate sales[46] - The company aims to expand its supermarket sales network in Southwest China, particularly in Sichuan Province, and enhance marketing efforts through traditional media and social platforms[47] - The company operates two production facilities in Jiangxi Province, focusing on the processing and packaging of dried food products and snacks[45] Administrative and Governance Changes - Administrative expenses decreased from approximately RMB 36.6 million in the previous period to about RMB 31.4 million in the reporting period[56] - Income tax expenses increased from approximately RMB 9.2 million in the previous period to about RMB 19.8 million in the reporting period due to increased taxable income from a subsidiary[57] - The company has appointed Mr. Yu Zhi Jie as an independent non-executive director effective from January 15, 2025, and he will also serve as the chairman of the audit committee[79] - The company has changed its auditor to Yong Tuo Fu Xin Accounting Firm Limited effective from February 24, 2025, due to a disagreement on audit fees with the previous auditor[80] Employee and Dividend Information - The company had a total of 123 employees as of December 31, 2024, a decrease from 755 employees as of December 31, 2023, due to increased production needs[76] - The company did not declare an interim dividend for the twelve months ending December 31, 2024, consistent with the previous year[25] - The board has recommended not to declare any interim dividend for the reporting period, consistent with the previous period[88] Audit and Reporting - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the twelve months ended December 31, 2024, and found the financial information to be adequately disclosed[89] - The interim results announcement for the twelve months ended December 31, 2024, will be published on the Hong Kong Stock Exchange and the company's website[90]

Revenue and Profitability - For the six months ended June 30, 2024, the group recorded total revenue of approximately RMB 298.1 million, an increase of about 55.5% compared to RMB 191.7 million for the same period in 2023[10]. - The increase in revenue is mainly attributed to higher sales of dried mountain delicacies, seasonings, and other products[10]. - The gross profit for the first six months of the fiscal year 2024 was approximately RMB 1.1 million, a decrease of about 98.3% compared to RMB 64.6 million in the same period of fiscal year 2023, with a gross margin of 0.36%, down from 33.7%[12]. - The net loss for the first six months of fiscal year 2024 was approximately RMB 40.6 million, compared to a net profit of approximately RMB 29.7 million in the same period of fiscal year 2023[18]. - Basic and diluted loss per share was RMB (0.05), compared to earnings of RMB 0.04 per share in the previous year[49]. - The company reported a cash flow from operating activities of RMB (11,922) thousand, compared to RMB 37,250 thousand in the previous period[53]. - The company experienced a net loss of RMB 40,570 thousand during the period[52]. Costs and Expenses - The group's cost of sales for the six months ended June 30, 2024, was approximately RMB 297.0 million, representing an increase of about 133.5% from RMB 127.2 million in the same period of 2023, primarily due to rising direct material costs[11]. - Administrative expenses rose from approximately RMB 14.8 million in the first six months of fiscal year 2023 to approximately RMB 18.8 million in the same period of fiscal year 2024[16]. - Distribution and selling expenses decreased from approximately RMB 14.5 million in the first six months of fiscal year 2023 to approximately RMB 6.8 million in the same period of fiscal year 2024[15]. - The income tax expense increased from approximately RMB 5.9 million in the first six months of fiscal year 2023 to approximately RMB 19.7 million in the same period of fiscal year 2024, due to increased taxable income from a subsidiary[17]. Business Strategy and Operations - The group plans to introduce new snack products, including vegetable snacks like mushrooms and meat snacks such as boneless chicken feet and beef jerky, to align with evolving consumer preferences[9]. - The group aims to expand its supermarket sales network and promotional counters in Southwest China, particularly in Sichuan Province, to enhance brand visibility and maximize shareholder returns[9]. - The group has established a solid customer base, including retailers and corporate clients, leveraging over 20 years of experience in the dried food production sector[7]. - The group operates two production facilities in Jiangxi Province, specifically in Nanchang and Guangchang, focusing on processing and packaging dried food products and snacks[8]. - The group emphasizes maintaining high product quality and food safety standards to retain its customer base[7]. - The group intends to strengthen marketing efforts through traditional media and social media platforms to promote its snack products[9]. - The group has established long-term relationships with retail customers, facilitating the easy sale and marketing of new snack products[9]. Financial Position and Shareholder Information - The company's cash and cash equivalents decreased by approximately 5.1% from RMB 199.2 million on December 31, 2023, to approximately RMB 189.1 million on June 30, 2024[21]. - The debt-to-equity ratio as of June 30, 2024, was approximately 0.2%, down from 4.0% on December 31, 2023, mainly due to a reduction in borrowings of approximately RMB 177 million[24]. - The company completed a placement of up to 160 million new shares at HKD 0.138 per share, raising net proceeds of approximately HKD 20.8 million, which has been allocated for general working capital[30]. - As of June 30, 2024, major shareholders include Shengyao Investment with 19.81% and Prosperous Season with 9.70% of the shares[35]. - The total number of shares held by major shareholders includes 190,207,478 shares by Shengyao Investment and 93,080,255 shares by Prosperous Season[36]. - The company has fully utilized the remaining net proceeds during the reporting period as per the prospectus[34]. Employee and Management Information - As of June 30, 2024, the group had 831 employees, an increase from 716 employees as of June 30, 2023, due to increased sales and the need for more production staff[33]. - The total remuneration for directors and key management personnel for the period was RMB 827,000 in 2024, a decrease from RMB 1,069,000 in 2023, reflecting a reduction of approximately 22.7%[81]. - Salaries and other benefits for key management personnel amounted to RMB 817,000 in 2024, down from RMB 1,051,000 in 2023, indicating a decrease of about 22.2%[81]. - Contributions to retirement benefit plans for key management personnel were RMB 10,000 in 2024, compared to RMB 18,000 in 2023, representing a decline of approximately 44.4%[81]. Asset and Liability Management - Non-current assets decreased from RMB 125,126 thousand to RMB 119,300 thousand, a decline of approximately 4.5%[50]. - Current assets decreased from RMB 397,650 thousand to RMB 355,075 thousand, a decline of approximately 10.7%[50]. - Total assets decreased from RMB 522,776 thousand to RMB 474,375 thousand, a decline of approximately 9.2%[50]. - Current liabilities decreased from RMB 85,841 thousand to RMB 58,197 thousand, a decline of approximately 32.3%[50]. - Inventory decreased from RMB 98,272 thousand to RMB 79,080 thousand, a decline of approximately 19.5%[50]. - Trade receivables decreased from RMB 92,300 thousand to RMB 59,083 thousand, a decline of approximately 36%[50]. - The company had bank loans secured amounting to RMB 541 thousand as of June 30, 2024, a significant decrease from RMB 18,199 thousand as of December 31, 2023[75]. Future Outlook and Plans - The company continues to evaluate its business objectives and may adjust plans based on changing market conditions[34]. - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[66]. - There were no significant events after the reporting period that could impact the group's operational and financial performance[41].

Financial Performance - The group's revenue for the six months ended June 30, 2024, was approximately RMB 298.1 million, an increase of about 55.5% compared to RMB 191.7 million for the same period in 2023[1]. - The net loss for the six months ended June 30, 2024, was approximately RMB 40.6 million, compared to a net profit of approximately RMB 29.7 million for the same period in 2023[2]. - The gross profit for the six months ended June 30, 2024, was approximately RMB 1.1 million, a decrease of about 98.3% from approximately RMB 64.6 million for the same period in 2023[1]. - Other income for the six months ended June 30, 2024, was RMB 3.7 million, compared to RMB 0.3 million for the same period in 2023[2]. - The basic and diluted loss per share for the six months ended June 30, 2024, was RMB (0.05), compared to earnings per share of RMB 0.04 for the same period in 2023[2]. - The income tax expense for the six months ended June 30, 2024, was RMB 19,653 thousand, compared to RMB 5,900 thousand for the same period in 2023, reflecting an increase of approximately 233%[13]. - The company's cost of sales for the six months of the 2024 fiscal year was approximately RMB 297.0 million, representing an increase of about 133.5% from approximately RMB 127.2 million in the 2023 fiscal year[33]. Revenue Breakdown - The group's revenue for dried mountain delicacies reached RMB 177,396 thousand for the six months ended June 30, 2024, a significant increase from RMB 48,518 thousand in the same period of 2023, representing a growth of approximately 265%[11]. - Revenue from snacks decreased to RMB 46,071 thousand in the first half of 2024, down 49% from RMB 90,735 thousand in the same period of 2023[11]. - The group reported a total revenue of RMB 298,106 thousand for the six months ended June 30, 2024, compared to RMB 191,722 thousand for the same period in 2023, indicating an overall increase of approximately 55%[11]. Expenses and Liabilities - Distribution and selling expenses for the six months ended June 30, 2024, were RMB 6.8 million, a decrease from RMB 14.5 million for the same period in 2023[2]. - Administrative expenses for the six months ended June 30, 2024, were RMB 18.8 million, an increase from RMB 14.8 million for the same period in 2023[2]. - Interest expenses on borrowings decreased significantly to RMB 145 thousand in the first half of 2024 from RMB 1,268 thousand in the same period of 2023, a reduction of about 89%[12]. - The total liabilities as of June 30, 2024, were RMB 58.2 million, a decrease from RMB 85.8 million as of December 31, 2023[3]. Assets and Equity - The total assets as of June 30, 2024, were RMB 474.4 million, compared to RMB 522.8 million as of December 31, 2023[3]. - The net asset value as of June 30, 2024, was RMB 416.2 million, compared to RMB 436.9 million as of December 31, 2023[4]. - Cash and cash equivalents decreased by approximately 5.1%, from approximately RMB 199.2 million as of December 31, 2023, to approximately RMB 189.1 million as of June 30, 2024[42]. - The debt-to-asset ratio decreased to approximately 0.2% as of June 30, 2024, down from approximately 4.0% as of December 31, 2023, mainly due to a reduction in borrowings by approximately RMB 17.7 million[43]. Corporate Strategy and Operations - The company plans to introduce new snack products, including vegetable snacks like mushrooms and meat snacks such as boneless chicken feet and beef jerky, to align with evolving consumer preferences[31]. - The company aims to expand its supermarket sales network and promotional counters in southwestern China, particularly in Sichuan Province[31]. - The company has established a stable customer base, including retailers and individual customers, through over 20 years of experience in the dried food production sector[29]. - The company operates two production facilities in Jiangxi Province, specifically in Nanchang and Guangchang, focusing on processing and packaging dried food products and snacks[30]. - The increase in revenue was primarily driven by higher sales of dried mountain delicacies, seasonings, and other products[32]. - The company intends to enhance marketing efforts through traditional media and social media platforms to increase brand awareness and reach end consumers across China[31]. Employment and Governance - The group had a total of 831 employees as of June 30, 2024, an increase from 716 employees as of June 30, 2023, due to increased sales requiring more production staff[48]. - The company is committed to maintaining high standards of corporate governance, believing it plays a crucial role in protecting shareholder interests and enhancing corporate value[53]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2024, and found that the financial information has been prepared in accordance with applicable accounting standards and regulations[57]. Dividends and Investments - The group has not declared an interim dividend for the six months ended June 30, 2024, consistent with the same period in 2023[15]. - The group has no significant plans for major investments or acquisitions as of June 30, 2024[46]. - All proceeds from the placement have been used for general working capital as of the announcement date[47].

Financial Performance - The company recorded total revenue of approximately RMB 445.2 million for the fiscal year 2023, an increase of 24.8% compared to RMB 356.8 million in fiscal year 2022[9]. - Gross profit for fiscal year 2023 was approximately RMB 147.3 million, up 23.5% from RMB 119.3 million in fiscal year 2022, driven by increased sales and higher average selling prices[9]. - The company's profit for fiscal year 2023 was approximately RMB 67.5 million, representing a 44.6% increase from RMB 46.7 million in fiscal year 2022[9]. - The increase in revenue was primarily due to a rise in sales of snacks and dried food products, contributing approximately RMB 85.9 million to the revenue growth[9]. - The cost of sales for the fiscal year 2023 was approximately RMB 298.0 million, representing an increase of about 25.4% from RMB 237.6 million in fiscal year 2022[26]. - Other income increased from approximately RMB 775,000 in fiscal year 2022 to approximately RMB 6.4 million in fiscal year 2023, mainly due to increased government subsidies[28]. - The company's administrative expenses rose from approximately RMB 27.7 million in fiscal year 2022 to approximately RMB 36.6 million in fiscal year 2023[33]. - The net current assets increased from approximately RMB 209.0 million in fiscal year 2022 to approximately RMB 311.8 million in fiscal year 2023[37]. Strategic Initiatives - The company plans to continuously develop and introduce new snack products to align with consumer trends[12]. - Marketing efforts will be intensified to expand sales channels and enhance brand awareness across various regions in China[12]. - The company aims to capture business opportunities and achieve sustainable competitive advantages through strategic initiatives[10]. - The company plans to expand its marketing efforts and sales channels, particularly in the southwestern region of China, including Sichuan Province[24]. - The company aims to introduce new snack products, including vegetable snacks like mushrooms and meat snacks such as boneless chicken feet and beef jerky[22]. Corporate Governance - The company successfully listed on the Hong Kong Stock Exchange on January 13, 2023, enhancing its capital strength and corporate governance[8]. - The board emphasizes the importance of employee, customer, and business partner relationships for sustainable development[77]. - The board comprises experienced directors with extensive backgrounds in finance, management, and business development[68][66]. - The board does not recommend the payment of a final dividend for the fiscal year 2023, consistent with the previous year where no dividend was paid[83]. - The company has not established any stock-linked agreements during the fiscal year 2023[105]. - The board is committed to considering dividend payments at least twice a year, based on various factors including operational performance and financial condition[84]. - The company has maintained high standards of corporate governance, ensuring shareholder rights and enhancing corporate value[146]. - The roles of the chairman and CEO are held by the same individual, Yang, which the board believes is in the best interest of the company[147]. - The company has adopted the standard code of conduct for directors and supervisors regarding securities trading, confirming compliance since the listing date[148]. - The board has established mechanisms to ensure independent opinions and advice are available for decision-making[152]. - The board composition includes sufficient independent elements, providing a balance of skills and perspectives[153]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific aspects of governance[160]. - The company has committed to seeking independent professional advice when necessary, with costs covered by the company[161]. Workforce and Employment - The group employed 755 employees as of December 31, 2023, up from 640 employees a year earlier, reflecting a 17.9% increase in workforce due to increased sales and production needs[48]. - As of the report date, 29.41% of senior management and 70.73% of the total workforce are women, reflecting the company's commitment to gender diversity[170]. - The board has established a diversity policy aimed at enhancing effectiveness and maintaining high corporate governance standards, with a focus on various factors including gender, age, and professional experience[169]. Risk Management - The company faces various operational risks, including quality control, product liability claims, and raw material supply stability[134]. - The company has purchased directors' liability insurance to provide appropriate protection for its directors[132]. - The board believes that the risk management and internal control systems are effective and robust, based on discussions with management and the internal audit department[195]. Audit and Compliance - The audit committee reviewed the financial statements for the fiscal year 2023 and confirmed compliance with applicable accounting standards and regulations[144]. - The internal audit and compliance department was established to conduct regular internal audits and report findings directly to the audit committee, ensuring proper implementation of internal controls[195]. - The audit committee discussed key internal audit issues and risk management, including environmental, social, and governance risks[179]. - The audit committee has also reviewed the effectiveness of the internal control systems[179]. Shareholder Information - In the fiscal year 2023, the top five customers accounted for approximately 79% of total revenue, with sales to the largest customer representing about 41% of total revenue[95]. - As of December 31, 2023, the company's distributable reserves amount to RMB 55.6 million, subject to statutory regulations in the Cayman Islands[92]. - The company has not made any acquisitions or significant investments during the fiscal year 2023[94]. - The company has not made any charitable donations during the fiscal year 2023[101]. - The company has not disclosed any major interests or positions held by individuals outside of the board as of December 31, 2023[125]. Future Plans - The group allocated 74.1% of the net proceeds for establishing a new production facility, with expected completion by June 30, 2024[51]. - 15.9% of the net proceeds are designated for enhancing marketing efforts and expanding sales channels, with a target completion date of December 31, 2024[51]. - 10.0% of the net proceeds are reserved for working capital and other general corporate purposes, also expected to be utilized by December 31, 2024[51].

Financial Performance - Revenue for the fiscal year ended December 31, 2023, was RMB 445,214,000, representing a 24.8% increase from RMB 356,847,000 in 2022[3] - Gross profit for the same period was RMB 147,260,000, up 23.5% from RMB 119,256,000 in the previous year[3] - Net profit for the fiscal year 2023 reached RMB 67,517,000, a significant increase of 44.6% compared to RMB 46,697,000 in 2022[3] - Basic and diluted earnings per share for 2023 were RMB 0.09, compared to RMB 0.08 in 2022[7] - The company reported a total comprehensive profit before tax of RMB 76,699 thousand in 2023, up from RMB 52,923 thousand in 2022, which is an increase of 45.0%[42] - Profit before tax for 2023 was RMB 76,699,000, an increase from RMB 52,923,000 in 2022, representing a growth of approximately 45.8%[51] - The effective tax rate for 2023 was 12.0%, slightly up from 11.8% in 2022[51] - Profit for FY2023 was approximately RMB 67.5 million, an increase of about 44.6% compared to approximately RMB 46.7 million in FY2022[84] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 522,776,000, an increase from RMB 376,789,000 in 2022[9] - Current assets increased to RMB 397,650,000 in 2023 from RMB 325,709,000 in 2022[9] - The company reported a total equity of RMB 436,935,000 in 2023, up from RMB 258,445,000 in the previous year[10] - The company’s cash and cash equivalents rose to RMB 199,186,000 in 2023, compared to RMB 156,831,000 in 2022[9] - The company has expanded its non-current assets to RMB 125,126,000 in 2023 from RMB 51,080,000 in 2022[9] - Total trade receivables increased to RMB 92,300,000 in 2023 from RMB 64,016,000 in 2022, marking a growth of approximately 44.2%[58] - The total value of property, plant, and equipment as of December 31, 2023, was RMB 129,173,000, up from RMB 58,173,000 in 2022, indicating a significant increase[57] - The debt-to-asset ratio decreased from approximately 15.2% in FY2022 to approximately 4.0% in FY2023 due to a reduction in total borrowings[89] Revenue Breakdown - The revenue breakdown includes RMB 112,060,000 from dried mountain delicacies, RMB 233,975,000 from snacks, RMB 72,888,000 from dried seafood, RMB 22,955,000 from grains, and RMB 3,336,000 from seasonings and others[34] - The group reported total revenue of RMB 445,214,000 for 2023, an increase of 24.7% compared to RMB 356,847,000 in 2022[34] - The company's manufacturing segment reported revenue of RMB 406,199 thousand in 2023, up from RMB 320,267 thousand in 2022, representing a growth of 26.9%[38] - The trading segment generated revenue of RMB 39,015 thousand in 2023, compared to RMB 36,580 thousand in 2022, reflecting an increase of 6.3%[39] - Total reported segment revenue for 2023 was RMB 492,985 thousand, a rise of 23.5% from RMB 399,025 thousand in 2022[42] Expenses - The sales cost for the fiscal year 2023 was approximately RMB 298.0 million, representing an increase of about 25.4% from RMB 237.6 million in the fiscal year 2022[75] - Research and development expenses increased to RMB 18,319 thousand in 2023 from RMB 13,363 thousand in 2022, indicating a growth of 37.0%[46] - Administrative expenses increased from approximately RMB 27.7 million in FY2022 to approximately RMB 36.6 million in FY2023[81] - Tax expenses rose from approximately RMB 6.2 million in FY2022 to approximately RMB 9.2 million in FY2023, consistent with the increase in profit before tax[83] - The company’s distribution and selling expenses remained relatively stable, amounting to approximately RMB 32.8 million in fiscal year 2023, compared to RMB 27.8 million in fiscal year 2022[80] Government Support and Other Income - The company received government subsidies amounting to RMB 5,709 thousand in 2023, significantly higher than RMB 389 thousand in 2022[45] - Other income increased from approximately RMB 775,000 in fiscal year 2022 to about RMB 6.4 million in fiscal year 2023, primarily due to an increase in government subsidies[77] Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance codes[117] - The company's auditor confirmed that the financial statements for the fiscal year 2023 are consistent with the consolidated financial position as of December 31, 2023[118] - The company maintains sufficient public float as per listing rules as of the announcement date[119] Future Plans and Market Strategy - The company plans to introduce new snack products, including vegetable snacks like mushrooms and meat snacks such as boneless chicken feet and beef jerky, to align with evolving consumer preferences[71] - The company aims to expand its supermarket sales network in Southwest China, particularly in Sichuan Province, and enhance marketing efforts through traditional media and social platforms[72] Shareholder Information - Shengyao Investment holds 190,207,478 shares, accounting for approximately 23.78% of the company's issued share capital[101] - Prosperous Season holds 93,080,255 shares, representing about 11.64% of the company's issued share capital[101] Miscellaneous - The company did not declare or pay any dividends for the year ended December 31, 2023, consistent with 2022[52] - The company currently has no contingent liabilities as of December 31, 2023[92] - The number of employees increased from 640 on December 31, 2022, to 755 on December 31, 2023, primarily due to increased sales[94] - The company has not purchased, redeemed, or sold any of its listed securities since the listing date[108]

Financial Performance - For the six months ended June 30, 2023, the company recorded total revenue of approximately RMB 191.7 million, an increase of 14.8% compared to RMB 167.0 million for the same period in 2022[15]. - The company's cost of sales for the same period was approximately RMB 127.2 million, up 12.5% from approximately RMB 113.0 million in 2022, primarily due to rising direct material costs[16]. - Gross profit for the six months was approximately RMB 64.6 million, a 19.6% increase from RMB 54.0 million in 2022, with a gross margin of approximately 33.7%, up from 32.3%[17]. - The group's profit for the six months ended June 30, 2023, was approximately RMB 29.7 million, an increase from RMB 20.9 million for the same period in 2022, representing a growth of about 42.2%[24]. - Revenue for the six months ended June 30, 2023, was RMB 191,722,000, representing an increase of 14.8% compared to RMB 166,956,000 for the same period in 2022[65]. - Net profit for the period was RMB 29,662,000, compared to RMB 20,869,000 in the previous year, reflecting an increase of 42.1%[65]. - Basic and diluted earnings per share increased to RMB 0.04 from RMB 0.03, marking a 33.3% rise[65]. Expenses and Cost Management - The group's administrative expenses decreased from approximately RMB 16.7 million in the first half of 2022 to approximately RMB 14.8 million in the first half of 2023, a reduction of about 11.4%[23]. - The distribution and selling expenses remained relatively stable at approximately RMB 13.3 million for the first half of 2022 and RMB 14.5 million for the first half of 2023[22]. - Financial costs reduced to RMB 1,268,000 from RMB 1,814,000, indicating better financial efficiency[65]. - Income tax expense for the six months ended June 30, 2023, was RMB 5.90 million, significantly higher than RMB 1.85 million for the same period in 2022, reflecting a rise in current tax liabilities[91]. Assets and Liabilities - Current assets increased from approximately RMB 209.0 million in the first half of 2022 to approximately RMB 347.6 million in the first half of 2023, primarily due to an increase in cash and cash equivalents of approximately RMB 140.0 million[25]. - Cash and cash equivalents as of June 30, 2023, were approximately RMB 296.8 million, an increase of about 89.3% compared to RMB 156.8 million as of December 31, 2022[27]. - As of June 30, 2023, the group's asset-liability ratio was approximately 9%, down from 15% as of December 31, 2022, primarily due to a decrease in borrowings of approximately RMB 7.8 million and an increase in cash and cash equivalents[32]. - Total liabilities decreased from RMB 116,745 thousand as of December 31, 2022, to RMB 90,103 thousand as of June 30, 2023, a reduction of 22.9%[68]. - Total borrowings amounted to RMB 38,227,000 as of June 30, 2023, down from RMB 46,076,000 as of December 31, 2022, a reduction of about 17.5%[110]. Shareholder Information - Shengyao Investment holds 190,207,478 shares, representing approximately 23.78% of the company's issued share capital[43]. - The major shareholders include Shengyao Investment, which has a 23.78% stake, and Prosperous Season with an 11.64% stake[47]. - Other significant shareholders include Trendy Peak with 12.92% and Best Talent with 6.79%[48]. - The total number of shares held by major shareholders reflects a concentrated ownership structure[46]. Operational Developments - The company plans to introduce new snack products, including vegetable snacks like mushrooms and meat snacks such as boneless chicken feet and beef jerky, to align with evolving consumer preferences[13]. - The company aims to expand its marketing efforts and sales channels, particularly in the southwestern region of China, to enhance brand awareness and maximize shareholder returns[14]. - The company has established a solid customer base, including retailers and corporate clients, with a focus on maintaining high product quality and food safety standards[11]. - The company operates two production facilities in Jiangxi Province, specializing in the processing and packaging of dry food products and snacks[12]. Corporate Governance - The company is committed to high standards of corporate governance, ensuring shareholder interests are protected[55]. - The audit committee reviewed the unaudited interim results and confirmed compliance with applicable accounting standards and regulations[62]. - The group’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with relevant accounting policies[80]. Employee Information - The group employed 716 employees as of June 30, 2023, an increase from 671 employees as of June 30, 2022, due to increased production needs[37]. - Compensation for key management personnel increased significantly to RMB 1,069,000 in the six months ended June 30, 2023, compared to RMB 303,000 in the same period of 2022, reflecting a growth of 253%[116]. - Salary and other benefits for key management personnel rose to RMB 1,051,000 in the first half of 2023, up from RMB 285,000 in the prior year, indicating a substantial increase of 269%[116].

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之內容概不負 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因依賴該等內容而引致之任何損失承擔任何責任。 Zhengwei Group Holdings Company Limited 正味集团控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2147） 截至2023年6月30日止六個月之 中期業績公告 財務摘要 • 本集團截至2023年6月30日止六個月的收入約為人民幣191.7百萬元，較 截至2022年6月30日止六個月的約人民幣167.0百萬元增加約14.8%。 • 截至2023年6月30日止六個月的溢利約為人民幣29.7百萬元，較截至2022 年6月30日止六個月的約人民幣20.9百萬元增加約42.1%。 • 截至2023年6月30日止六個月的毛利約為人民幣64.6百萬元，較截至2022 年6月30日止六個月的約人民幣54.0百萬元增加約19.6%。 ...

Financial Performance - The company recorded total revenue of approximately RMB 356.8 million for the fiscal year ending December 31, 2022, representing a 4.3% increase from RMB 342.0 million in the previous fiscal year[9]. - Total revenue for the fiscal year 2022 was approximately RMB 356.8 million, an increase of 4.3% from RMB 342.0 million in 2021[23]. - Sales cost for the fiscal year 2022 was approximately RMB 237.6 million, up 1.7% from RMB 233.5 million in 2021[24]. - Gross profit for the fiscal year 2022 was approximately RMB 119.3 million, a 10.0% increase from RMB 108.5 million in 2021, with a gross margin of 33.4% compared to 31.7% in 2021[25]. - Net profit for the fiscal year 2022 was approximately RMB 46.7 million, compared to RMB 48.3 million in 2021, with a net profit margin of 13.1%[33]. - Other income decreased from approximately RMB 4.2 million in 2021 to about RMB 0.8 million in 2022, primarily due to a reduction in government subsidies[26]. - Administrative expenses increased from approximately RMB 23.1 million in 2021 to about RMB 27.7 million in 2022, mainly due to an increase in employee costs and R&D expenses[29]. Revenue Sources and Sales Strategy - Sales of snacks and dried food products increased by approximately RMB 69.92 million, while sales from snack and dried food trading decreased by approximately RMB 55.07 million[9]. - Revenue from supermarkets for the fiscal year 2022 was approximately RMB 221.7 million, accounting for about 62.1% of total revenue, down from 67.5% in the previous fiscal year[52]. - The company aims to strengthen its sales network in Southwest China, particularly in Sichuan and Chongqing, to increase brand recognition and sales opportunities[49]. - The company plans to open promotional booths in 14 supermarkets over the next two years, with one promoter stationed at each booth to enhance brand visibility[51]. - The company plans to strengthen marketing efforts and expand sales channels to increase revenue[12]. - Marketing efforts will include traditional media advertising and social media promotions, targeting younger consumers through events at educational institutions[53]. Production and Capacity Expansion - The company operates two production facilities in Jiangxi Province, focusing on the processing and packaging of dried food and snacks[16]. - The company plans to continue investing in expanding production capacity and enriching product offerings[44]. - The new production facility will accommodate two vegetable snack production lines with an annual design capacity of approximately 3,000 tons and two meat snack production lines with an annual design capacity of approximately 3,700 tons[48]. - The company aims to expand production capacity and diversify product offerings to enhance market position[12]. Corporate Governance and Management - The company has appointed Mr. Yang Shengyao as the Chairman and CEO since March 31, 2020, and Ms. Lin Qiuyun and Mr. Li Hui as executive directors since June 20, 2022[117]. - The board of directors is responsible for formulating and approving the company's development, business strategy, policies, annual budget, and business plans[160]. - The board composition meets the requirements of having at least three independent non-executive directors, with one possessing relevant financial expertise[159]. - The audit committee consists of three members, with the chairman possessing appropriate professional qualifications as per listing rules[172]. - The board will continue to review and enhance corporate governance practices to align with the latest developments[136]. Shareholder and Financial Policies - The company does not have a fixed dividend policy, and future dividends will depend on the board's recommendations and the company's financial performance[169]. - The group did not recommend the payment of a final dividend for the fiscal year 2022, consistent with the previous year where no dividend was paid[92][94]. - The board is committed to considering dividend payments at least twice a year, based on various factors including operational performance and financial condition[93]. - The company has established multiple communication channels with shareholders to ensure timely and equal access to information[194]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures to comply with current environmental laws and regulations, including policies to prevent and control pollution from waste gas, wastewater, solid waste, and dust during production[84]. - The company encourages all employees to participate in socially beneficial environmental protection activities, recognizing that a better future relies on everyone's contribution[85]. - The company will publish an Environmental, Social, and Governance (ESG) report in accordance with listing rules on the same day as the annual report[187]. Employee Relations and Workforce - The company is committed to providing attractive compensation and benefits to employees, including social security contributions as per Chinese laws[45]. - As of December 31, 2022, the company had 640 employees, a slight decrease from 659 employees as of December 31, 2021[45]. - As of the report date, 16.7% of senior management and 71.9% of the total workforce are women, reflecting the company's commitment to gender diversity[166]. Risk Management - The company faces various operational risks, including quality control, product liability claims, and raw material supply stability[144]. - The internal control system is monitored by the board, which is responsible for establishing and overseeing risk management measures to ensure operational, reporting, and compliance objectives are met[182]. - An internal audit and compliance department was established in the fiscal year 2022 to conduct regular audits and report findings directly to the audit committee[182]. Capital and Investment - The net proceeds from the share issuance amounted to approximately HKD 97.3 million, lower than the estimated net proceeds of HKD 110.7 million disclosed in the prospectus[56]. - 74.1% of the net proceeds, approximately HKD 72.1 million, is allocated for establishing a new production factory and purchasing new production lines at the Guangchang factory, expected to be completed by June 30, 2024[57]. - 15.9% of the net proceeds, approximately HKD 15.5 million, is designated for enhancing marketing efforts and expanding sales channels, with a target completion date of December 31, 2024[57]. - 10.0% of the net proceeds, approximately HKD 9.7 million, is reserved for working capital and other general corporate purposes, also expected to be utilized by December 31, 2024[57].