Financial Performance - The company recorded revenue of approximately RMB 580.4 million for the fiscal year 2024, an increase of about RMB 67.6 million or approximately 13.2% compared to RMB 512.8 million in fiscal year 2023[9]. - Gross profit decreased from approximately RMB 104.2 million in fiscal year 2023 to approximately RMB 54.4 million in fiscal year 2024, a decline of about 47.8%[10]. - The net loss for fiscal year 2024 was approximately RMB 75.2 million, compared to a net profit of approximately RMB 10.1 million in fiscal year 2023[10]. - Revenue from ready-mixed concrete sales increased from approximately RMB 259.0 million in fiscal year 2023 to approximately RMB 302.9 million in fiscal year 2024, an increase of about 17.0%[17]. - Revenue from precast concrete components sales decreased significantly from approximately RMB 85.4 million in fiscal year 2023 to approximately RMB 14.1 million in fiscal year 2024, a drop of about 83.5%[18]. - Revenue from iron ore tailings recovery and eco-brick sales increased from approximately RMB 168.4 million in fiscal year 2023 to approximately RMB 263.4 million in fiscal year 2024, an increase of about 56.4%[19]. - Sales cost increased by approximately RMB 117.4 million or about 28.7% from RMB 408.6 million in FY2023 to RMB 526.0 million in FY2024, primarily due to increased revenue from iron ore tailings recovery and eco-bricks[20]. - Gross profit decreased by approximately RMB 49.8 million or about 47.8% from RMB 104.2 million in FY2023 to RMB 54.4 million in FY2024, with overall gross margin dropping from approximately 20.3% to 13.9%[21]. - The gross profit from precast concrete components recorded a loss of approximately RMB 24.8 million in FY2024, compared to a profit of RMB 3.9 million in FY2023[23]. - Other income increased by approximately RMB 6.0 million or about 121.4% from RMB 4.9 million in FY2023 to RMB 10.9 million in FY2024, mainly due to increased government subsidies[25]. - Net other losses increased by approximately RMB 8.0 million or 22,269.4% from RMB 36,000 in FY2023 to RMB 8.1 million in FY2024, primarily due to losses from the sale of properties, plants, and equipment[26]. - Administrative expenses increased by approximately RMB 28.4 million or about 52.4% from RMB 54.3 million in FY2023 to RMB 82.7 million in FY2024, mainly due to production losses in precast concrete components and increased employee costs[28]. Production and Operations - The company has temporarily halted the production of precast concrete components in fiscal year 2024 to mitigate further losses[10]. - The company is optimistic about the prospects of iron ore tailings comprehensive utilization, with over 100 million tons of tailings available for processing in Hainan Province[12]. - The competitive landscape for ready-mixed concrete and precast concrete components remains intense, particularly against state-owned enterprises, impacting profit margins[10]. - The company plans to expand its precast concrete component production capacity, with an allocation of HKD 24.5 million, of which HKD 18.0 million has been utilized[44]. - The company anticipates increased competition in the Xiamen precast concrete and precast concrete component market, which may pressure revenue and gross margins[45]. - The company has identified the comprehensive utilization of iron ore tailings in Hainan as a significant future revenue source due to abundant supply and high demand in nearby areas[45]. Shareholder Information - The largest customer accounts for approximately 9.6% of total revenue for the fiscal year 2024, while the top five customers account for about 31.3%[60]. - The company does not recommend any final dividend for the fiscal year 2024, and there is no established dividend policy[50][51]. - As of December 31, 2024, the company's current liabilities net amount was approximately RMB 72.5 million, compared to a net current asset value of approximately RMB 21.1 million as of December 31, 2023[33]. - The debt-to-equity ratio as of December 31, 2024, was approximately 48%, down from 49% as of December 31, 2023[33]. - The company had no significant acquisitions or investments in FY2024[39][40]. - The net proceeds from the share sale amount to approximately HKD 238.7 million, with HKD 231.4 million already utilized as of December 31, 2023[44]. - As of December 31, 2024, the company has distributable reserves of approximately RMB 184.1 million, down from RMB 189.1 million the previous year[57]. - As of December 31, 2024, the company has 748,000,000 shares issued[73]. - Mr. Ye Zhi Jie holds 274,706,100 shares, representing 36.73% of the company's issued share capital[71]. - Mr. Huang Wen Gui owns 121,568,700 shares, accounting for 16.25% of the company's issued share capital[71]. Corporate Governance - The board of directors emphasizes the importance of good corporate governance standards to protect shareholder interests and enhance corporate value[96]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with established standards[99]. - The board of directors is responsible for strategic planning and ensuring sustainable development, with regular reviews of board composition and contributions[102]. - The company promotes a culture of integrity, accountability, and transparency among its directors and management[95]. - The company has established anti-corruption policies and reporting systems to maintain its corporate culture[95]. - The board believes that its corporate governance practices comply with the relevant codes and will continue to monitor and review these practices[98]. - The company has established a whistleblowing policy to encourage stakeholders to report any suspected fraud or misconduct[145]. - The board has delegated the responsibility for selecting and appointing directors to the nomination committee, which considers various diversity factors[147]. - The company has implemented a formal and transparent process for establishing remuneration policies for directors and senior management[123]. - The remuneration policy for directors and senior management is reviewed based on the company's performance and market data[80]. - The company has engaged an independent internal control consulting firm to review its major business processes and internal control systems for the fiscal year 2024[141]. - The board conducts an annual review of the effectiveness of the risk management and internal control systems[143]. - The company has established four committees: audit committee, remuneration committee, nomination committee, and strategic committee[113]. - The audit committee consists of three independent non-executive directors, with the chairperson possessing appropriate professional qualifications[115]. - The audit committee held two meetings in fiscal year 2024, with full attendance from its members[116]. - The company held one meeting of the Remuneration Committee in fiscal year 2024, with full attendance from all members[121]. - The Nomination Committee also held one meeting in fiscal year 2024, with all members present[126]. - The Strategic Committee is responsible for reviewing the company's expansion into emerging markets and the development of new products[129]. - The company confirmed that there are no significant uncertainties affecting its ability to continue as a going concern[131]. - The company secretary position was transitioned to Mr. Yuan Zhiwei effective August 8, 2024, following the resignation of Mr. Zhong Dezhu[134]. - The company ensures compliance with accounting standards and corporate governance codes as per the responsibilities outlined for the board of directors[131]. - All independent non-executive directors have confirmed their independence in accordance with listing rules[109]. - The board has a clear division of responsibilities between the chairman and the CEO to ensure a balance of power[108]. - The company has no plans for re-election of directors at the upcoming annual general meeting[70]. - In the fiscal year 2024, the company reported a total of 10 executives receiving compensation below RMB 1,000,000, a decrease of 18.18% from 11 in fiscal year 2023[85]. - There were no management or administrative contracts established for the majority of the company's business in fiscal year 2024[86]. - The details of remuneration for directors and the five highest-paid individuals are included in the financial statements[83]. - There are no indemnity provisions for any directors or associated companies during the fiscal year[81]. - There are no significant transactions or contracts involving directors with substantial interests during the fiscal year[78]. - The company has not established any arrangements that would result in directors holding interests in competing businesses during the fiscal year[79]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to environmental protection and sustainable development, implementing green office measures to reduce energy consumption[88]. - The board is responsible for identifying and assessing environmental, social, and governance (ESG) risks, and has formed a dedicated ESG working group to implement related measures[165]. - The ESG report covers the period from January 1, 2024, to December 31, 2024, aligning with the company's fiscal year[164]. - The ESG working group is tasked with collecting and monitoring ESG data, and reporting significant ESG matters to the board[168]. - The company emphasizes stakeholder engagement to understand and respond to their concerns regarding ESG issues[172]. - The company adheres to the "comply or explain" principle in its ESG reporting, ensuring transparency and accountability[170]. - The company has been recognized as a green factory by the Ministry of Industry and Information Technology of China[178]. - The company has established three environmental goals, promoting principles of "recycling," "reuse," "water conservation," and "energy saving" among employees[178]. - In the fiscal year 2024, the company complied with all applicable laws and regulations regarding emissions and waste management, with no significant claims or penalties related to environmental protection[179]. - The company has implemented an ISO 14001 certified environmental management system to reduce greenhouse gas emissions primarily from logistics activities[180]. - The company has established monitoring procedures to ensure water usage remains within reasonable limits, with no issues in obtaining applicable water sources in fiscal year 2024[184][185]. - The company produces minimal non-hazardous industrial waste during production, adhering to national standards for waste management[186]. - The company has installed automatic watering systems and dust-sealing designs in warehouses to minimize dust emissions during the loading process[187]. - The company encourages employees to cultivate water-saving habits and manages wastewater according to national discharge standards[184][185]. - The company has developed policies to minimize the use of natural resources and reduce the environmental impact of its operations[180]. - In fiscal year 2024, the company reported direct emissions (Scope 1) of 4,238 tons of CO2, a decrease of 49% from 8,317 tons in fiscal year 2023[189]. - Indirect emissions (Scope 2) increased to 16,118 tons of CO2 in fiscal year 2024, up 19% from 13,499 tons in fiscal year 2023[189]. - The company achieved a reduction in solid waste to 231 tons in fiscal year 2024, down from 398 tons in fiscal year 2023, representing a 42% decrease[192]. - Water consumption increased to 317 thousand cubic meters in fiscal year 2024, compared to 135 thousand cubic meters in fiscal year 2023, reflecting a 135% increase[192]. - The company aims to maintain current emission control and resource usage levels over the next two years, with plans to set and disclose new reduction targets thereafter[193]. - The company utilized 23,026 thousand kWh of electricity in fiscal year 2024, an increase of 19% from 19,284 thousand kWh in fiscal year 2023[192]. - The company plans to use vehicles that meet EU Stage VI standards for logistics activities to address future stricter emission standards[200]. - The company reported a significant reduction in sulfur dioxide (SOx) emissions to 1.05 tons in fiscal year 2024, down from 30.05 tons in fiscal year 2023, a decrease of 96.5%[189]. - The company is committed to managing suppliers and hiring environmentally friendly suppliers to meet customer expectations for green operations[200]. - The company has implemented a supply chain management plan to diversify its supply chain and monitor supplier financial and operational performance[200].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 580,370,000, an increase of 13.2% compared to RMB 512,770,000 for the fiscal year 2023[3]. - The company's gross profit decreased to RMB 54,378,000, down 47.8% from RMB 104,190,000 in the previous year[3]. - Operating loss for the year was RMB 56,286,000, compared to an operating profit of RMB 30,719,000 in 2023[3]. - The net loss attributable to shareholders was RMB 75,199,000, a significant decline from a profit of RMB 10,078,000 in the prior year[3]. - Total revenue for the year ended December 31, 2024, was RMB 580.37 million, an increase from RMB 512.77 million in the previous year, representing a growth of approximately 13.2%[20]. - The gross profit for the year was RMB 54.38 million, compared to RMB 104.19 million in the previous year, indicating a decline of about 47.8%[20]. - The company reported a net loss of RMB 75.20 million for the year, compared to a profit of RMB 10.08 million in the previous year, reflecting a significant downturn in financial performance[20]. - Total expenses for the year ended December 31, 2024, amounted to RMB 622,564 thousand, an increase of 28.1% from RMB 485,941 thousand in 2023[28]. - The cost of goods sold recognized as an expense for the year ended December 31, 2024, was RMB 368,333,000, an increase from RMB 278,015,000 in 2023[58]. Assets and Liabilities - The company's total assets decreased to RMB 1,132,654,000 from RMB 1,352,247,000, reflecting a reduction of approximately 16.2%[4]. - Current liabilities exceeded current assets by approximately RMB 72,483,000, raising concerns about the company's liquidity[10]. - The total equity attributable to shareholders decreased to RMB 377,949,000 from RMB 453,148,000, a decline of approximately 16.6%[4]. - The company’s total liabilities were RMB 754.71 million, compared to RMB 899.10 million in the previous year, indicating a reduction of approximately 16.1%[23]. - The total bank borrowings as of December 31, 2024, amounted to RMB 360,389,000, down from RMB 435,027,000 in 2023[66]. - The debt-to-equity ratio as of December 31, 2024, was approximately 48%, a slight decrease from 49% on December 31, 2023[89]. Operational Challenges - The company has suspended production in its prefabricated concrete component business, contributing to the overall financial challenges faced[10]. - The group has suspended the production of prefabricated concrete components due to ongoing market stagnation and intense competition[45]. - The company plans to improve operational performance and cash flow by enhancing accounts receivable collection and increasing production capacity in its iron ore tailings recovery business[11]. Expenses and Costs - The company’s administrative expenses totaled RMB 78.10 million for the year, reflecting an increase from RMB 49.18 million in the previous year[20]. - Employee benefits expenses increased to RMB 65,731 thousand, reflecting a rise of 6.9% compared to RMB 61,815 thousand in 2023[28]. - The net financing cost for the year was RMB (18,165) thousand, compared to RMB (16,649) thousand in 2023, indicating an increase of 9.1%[30]. - The income tax expense for the year was RMB 748 thousand, a decrease of 81.2% from RMB 3,992 thousand in 2023[31]. - The impairment provision for property, plant, and equipment was RMB 26,767 thousand, a significant increase from RMB 2,260 thousand in 2023[28]. Revenue Segmentation - The segment performance showed that the ready-mixed concrete division generated revenue of RMB 302.90 million, while the precast concrete components and recycled iron ore segments generated RMB 14.09 million and RMB 263.38 million, respectively[20]. - Revenue from ready-mixed concrete sales rose from approximately RMB 259.0 million in FY2023 to approximately RMB 302.9 million in FY2024, an increase of about 17.0%[73]. - Revenue from precast concrete components decreased significantly from approximately RMB 85.4 million in FY2023 to approximately RMB 14.1 million in FY2024, a decline of about 83.5%[74]. - Revenue from iron ore tailings recovery products and eco-bricks increased from approximately RMB 168.4 million in FY2023 to approximately RMB 263.4 million in FY2024, up by about 56.4%[75]. Future Outlook - The revenue growth rate is projected to be 20.8% annually from 2025 to 2029, compared to 2.2% in 2023[57]. - The average gross profit margin is expected to be 31%, down from 48% in 2023[57]. - The group plans to expand its precast concrete component capacity with an allocation of HKD 24.5 million, expected to be completed by December 2025[98]. Corporate Governance - The group has adhered to the corporate governance code as per the Hong Kong Stock Exchange regulations during the fiscal year 2024[99].

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 244.1 million, an increase of about 5.7% compared to RMB 231.0 million for the same period in 2023[10]. - Gross profit increased by approximately 38.9% to about RMB 45.5 million, with a gross margin of 18.6%, up from 14.2% in the previous year[11]. - The net profit for the period was approximately RMB 1.2 million, a decrease of about 89.0% compared to RMB 10.6 million in the same period last year[10]. - Revenue from ready-mixed concrete sales was RMB 130.0 million, a 16.1% increase from RMB 112.0 million in the previous year[14]. - Revenue from precast concrete components decreased by approximately 76.1% to RMB 10.6 million, down from RMB 44.2 million due to increased price pressure from competitors[15]. - Revenue from iron ore tailings recovery and eco-brick sales increased by approximately 38.4% to RMB 103.5 million, compared to RMB 74.8 million in the previous year[16]. - The overall gross profit increased by approximately RMB 12.7 million or about 38.9% to approximately RMB 45.5 million, with the gross profit margin rising from 14.2% to 18.6%[18]. - The profit for the period was approximately RMB 1.2 million, a decrease from RMB 10.6 million in the previous period[24]. - The company reported a net profit attributable to owners of the company of RMB 1,172 thousand, a decrease from RMB 10,649 thousand in the prior year[37]. - Basic and diluted earnings per share were RMB 0.002, down from RMB 0.014 in the same period last year, indicating lower profitability per share[37]. Operational Efficiency - Operating profit decreased to RMB 9,891 thousand from RMB 22,456 thousand, indicating challenges in operational efficiency[37]. - The company plans to focus on enhancing operational efficiency and exploring new market opportunities to drive future growth[37]. - Selling expenses increased by approximately 45.8% to about RMB 10.5 million, mainly due to increased transportation costs from a significant rise in the sales volume of iron ore tailings recovery products[20]. - Administrative expenses rose by approximately 37.9% to about RMB 29.1 million, attributed to increases in non-direct employee costs and professional fees[21]. - Net financing costs increased by approximately 44.3% to about RMB 10.0 million, mainly due to a reduction in capitalized interest included in construction costs[22]. Assets and Liabilities - As of June 30, 2024, the current assets net value was approximately RMB 4.4 million, down from RMB 21.1 million as of December 31, 2023[25]. - The total assets as of June 30, 2024, were RMB 1,270,647 thousand, down from RMB 1,352,247 thousand at the end of 2023, indicating a reduction in asset base[39]. - Total liabilities decreased to RMB 816,327 thousand from RMB 899,099 thousand, reflecting a reduction in financial obligations[39]. - The total borrowings (excluding factoring loans) as of June 30, 2024, were RMB 384,111,000, compared to RMB 423,157,000 as of December 31, 2023, indicating a reduction in debt levels[58]. - The company’s total liabilities decreased to RMB 416,032,000 as of June 30, 2024, from RMB 435,027,000 as of December 31, 2023, indicating improved financial health[96]. Cash Flow and Liquidity - Net cash flow from operating activities was RMB 53,998 thousand, compared to RMB 40,175 thousand in the previous year, showing improved cash generation[41]. - Cash and cash equivalents at the end of the period increased to RMB 26,212 thousand from RMB 13,327 thousand, showing improved liquidity[41]. - The total cash and cash equivalents as of June 30, 2024, were RMB 26,212,000, slightly up from RMB 26,367,000 as of December 31, 2023[89]. Market Outlook - The company expects continued strong revenue from iron ore tailings recovery and eco-brick business, despite market pressures on ready-mixed and precast concrete components[11]. - The company remains optimistic about the business prospects for iron ore tailings utilization due to sufficient supply in Hainan[11]. - The company expects business momentum to continue in the second half of 2024, driven by abundant supply of iron ore tailings in Hainan Province and strong demand from nearby regions[36]. Corporate Governance - The group has established sound corporate governance principles to protect shareholder interests and enhance corporate value[106]. - The company has complied with the corporate governance code principles and has adopted best practices where applicable as of June 30, 2024[107]. - The group continues to review and monitor its corporate governance practices to ensure compliance with the corporate governance code[107]. Shareholder Information - Major shareholders include Zhixin Investment Holdings Limited with a beneficial interest of 274,706,100 shares, representing 36.73% of the issued share capital[111]. - The total number of issued shares as of June 30, 2024, is 748,000,000[111]. - The company did not declare or propose any dividends for the six months ended June 30, 2024, consistent with the previous year[78]. Risk Management - The financial risk management plan focuses on minimizing potential adverse impacts on financial performance due to market unpredictability[49]. - The group has not used any derivative financial instruments to hedge certain risk exposures during the reporting period[49]. - The group’s credit risk is primarily associated with cash and bank balances, trade receivables, and other receivables[50]. - The group has identified significant adverse changes in business, financial, or economic conditions as key indicators for assessing credit risk[55].

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 244.1 million, an increase of about 5.7% compared to RMB 231.0 million for the same period in 2023[4]. - Gross profit increased by approximately 38.9% to about RMB 45.5 million, with a gross margin of 18.6%, up from 14.2% in the previous year[5]. - Net profit for the period was approximately RMB 1.2 million, representing a decrease of about 89.0% compared to RMB 10.6 million in the same period last year[4]. - Revenue from ready-mixed concrete sales increased by approximately 16.1% to RMB 130.0 million, driven by higher average selling prices[8]. - Revenue from the sale of prefabricated concrete components decreased by approximately 76.1% to about RMB 10.6 million due to competitive pricing pressures[4]. - Revenue from iron ore tailings recovery and eco-brick sales increased by approximately 38.4% to about RMB 103.5 million[4]. - Overall gross profit rose to RMB 45.5 million, an increase of approximately 38.9% from RMB 32.8 million for the six months ended June 30, 2023, with gross margin improving from 14.2% to 18.6%[12]. - The company reported a basic and diluted earnings per share of RMB 0.002, down from RMB 0.014 in the previous year[31]. - The company’s profit attributable to owners for the six months ended June 30, 2024, was RMB 1,172,000, a significant decrease of 89.0% from RMB 10,649,000 in the same period of 2023[71]. Expenses and Costs - Selling expenses increased by approximately 45.8% to RMB 10.5 million, driven by higher transportation costs due to increased sales volume of iron ore tailings recovery products[14]. - Administrative expenses rose by approximately 37.9% to RMB 29.1 million, primarily due to increases in non-direct employee costs and professional fees[15]. - The total expenses amounted to RMB 238,131,000, an increase of 5.7% compared to RMB 226,528,000 for the same period in 2023[65]. - The cost of raw materials and consumables decreased to RMB 126,214,000 from RMB 142,924,000, reflecting a reduction of 11.7%[65]. - The depreciation of property, plant, and equipment increased to RMB 15,637,000 from RMB 9,315,000, reflecting a rise of 67.5%[65]. Assets and Liabilities - As of June 30, 2024, the group's current assets net value was approximately RMB 4.4 million, down from RMB 21.1 million as of December 31, 2023[19]. - Total assets as of June 30, 2024, were RMB 1,270,647,000, down from RMB 1,352,247,000 at the end of 2023[32]. - Total liabilities decreased to RMB 816,327,000 from RMB 899,099,000, indicating a reduction of 9.2%[33]. - The company’s total liabilities as of June 30, 2024, amounted to RMB 801,247,000, compared to RMB 894,257,000 as of December 31, 2023[52]. - The company’s total trade receivables aged within one year were RMB 265,526,000 as of June 30, 2024, compared to RMB 277,987,000 as of December 31, 2023[88]. Cash Flow and Financing - The company’s cash flow from operating activities was RMB 53,998,000, an increase from RMB 40,175,000 in the same period last year[35]. - The total cash and cash equivalents as of June 30, 2024, were RMB 26,212,000, slightly up from RMB 26,367,000 as of December 31, 2023[83]. - The company’s borrowings (excluding factoring loans) as of June 30, 2024, totaled RMB 384,111,000, with a breakdown of RMB 256,427,000 due within one year[52]. - The company’s total borrowings as of June 30, 2024, were RMB 416,032,000, down from RMB 435,027,000 as of December 31, 2023, showing a reduction in debt levels[90]. - As of June 30, 2024, the group has undrawn financing facilities amounting to RMB 55,550,000 for bank loans due within one year, compared to RMB 15,050,000 as of December 31, 2023, indicating a significant increase in available credit[20]. Corporate Governance and Shareholder Information - The company has committed to maintaining high standards of corporate governance, which is essential for protecting shareholder interests and enhancing corporate value[100]. - Mr. Ye Zhi Jie holds a 36.73% equity interest in the company, with 274,706,100 shares, as of June 30, 2024, maintaining his position as a major shareholder[103]. - Mr. Huang Wen Gui owns 16.25% of the company with 121,568,700 shares, reinforcing the significant ownership concentration among key stakeholders[104]. - The company did not declare any dividends for the six months ended June 30, 2024, consistent with the previous year[72]. - The total remuneration for key management personnel for the six months ended June 30, 2024, is approximately RMB 2,144,000, a slight decrease from RMB 2,174,000 in the same period of 2023[99]. Market Outlook and Strategic Initiatives - The company expects continued growth in the second half of 2024, driven by strong demand for tailings in Hainan Province[30]. - The company plans to maintain competitiveness by offering price discounts to certain customers in the prefabricated concrete components market[5]. - The company has invested in advanced automated assembly lines, including fully automated production equipment for iron ore tailings recovery, with an annual processing capacity of 3 million tons[5]. - The group plans to continue enhancing its market presence through strategic agreements and product development initiatives[55].

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。 Zhixin Group Holding Limited 智欣集團控股有限公司 （股份代號：2187） （於開曼群島註冊成立的有限公司） 有關截至二零二三年十二月三十一日止年度之 年度報告之補充公告 茲提述(i)智欣集團控股有限公司（「本公司」）截至二零二二年十二月三十一日 止年度之年度報告（「二零二二年年報」）；及(ii)本公司截至二零二三年十二月 三十一日止年度之年度報告（「二零二三年年報」）。除另有指明外，本公告所用 詞彙與二零二三年年報所界定者具有相同涵義。 本公告旨在提供二零二三年年報之補充資料。 誠如二零二二年年報「管理層討論與分析 — 所得款項用途」一節所披露，於二 零二二年十二月三十一日，來自股份發售可供擴大本集團的預製混凝土構件 產能之尚未動用所得款項淨額約人民幣7.3百萬元，預期將於二零二三年十二 月前動用。 誠如二零二三年年報「管理層討論與分析 — 所得款項用途」一節所披露，於二 ...

Financial Performance - In the fiscal year 2023, the total revenue from audit services was RMB 2,200,000, a decrease of 4.35% from RMB 2,300,000 in the fiscal year 2022[8]. - The company reported a revenue of RMB 496.2 million for the fiscal year 2023, a decrease from RMB 634.2 million in fiscal year 2022, indicating a decline of approximately 21.8%[68]. - The total number of full-time employees as of December 31, 2023, is 438, down from 508 in 2022[151]. - The overall employee turnover rate during the reporting period is 24.3%, a decrease from 38.2% in the previous fiscal year[153]. Environmental, Social, and Governance (ESG) Initiatives - The board has approved the Environmental, Social, and Governance (ESG) report, confirming that it fairly presents the company's management approach and performance in ESG matters[25]. - The company has established a governance framework to manage environmental, social, and governance risks effectively[52]. - The company continues to engage with stakeholders to understand their concerns and expectations, ensuring compliance with laws and regulations while fulfilling social responsibilities[54]. - The company has implemented various environmental protection measures, including the use of LED lighting to reduce energy consumption[63]. - The company aims to achieve optimal levels in emission control and resource utilization considering new business expansions[67]. - The company has set three environmental goals focusing on recycling, reusing, water conservation, and energy saving to enhance employee environmental awareness[77]. Risk Management and Compliance - The company has implemented a risk management and internal control system to monitor financial, operational, and compliance-related risks[9]. - The company has a policy to ensure timely and fair disclosure of inside information to maintain market fairness[43]. - The company has established a supplier code of conduct to set expectations for ethical and compliant behavior among suppliers[113]. - The company has a strong focus on compliance and regulatory matters, with key personnel having over 30 years of experience in accounting and compliance[123][125][126]. Employee Management and Training - The company provided 529 hours of training during the reporting period, with an average training time of 1.21 hours per employee, a decrease from 2.11 hours in the previous fiscal year[159]. - The company has implemented a competitive compensation system to attract and retain talent, ensuring compliance with national laws regarding employee benefits[174]. - The company aims to achieve a 100% training coverage rate for its anti-corruption training program within four years, with a three-year rolling training plan for employees[182]. - The employee turnover rate was 2.1% for females and 22.2% for males, with the majority of male turnover coming from the production department[173]. Product Quality and Safety - The company has not encountered any significant product recalls, liability claims, or failures to pass regulatory inspections in product quality during the fiscal year 2023[121]. - The company has implemented measures to ensure product safety and fulfill product responsibilities at various operational stages[117]. - The company has established a quality control process throughout its operations, including strict inspections and testing before product delivery[101]. - The company reported no product recalls during the year, indicating strong product management and compliance[134]. Community Engagement and Social Responsibility - The company is committed to maintaining communication with stakeholders and responding to their needs in a timely manner[54]. - The company has committed to maintaining close communication with the community and is concerned about vulnerable groups within it[191]. - The company maintains a zero-tolerance policy towards child labor and forced labor, strictly adhering to relevant national laws[156]. - The company aims to promote gender diversity and has implemented policies to ensure female employees receive their entitled benefits and create a supportive work environment[176].

Revenue and Profitability - Revenue from the sale of iron ore tailings recovery products and eco-bricks increased from approximately RMB 27.9 million in FY2022 to approximately RMB 168.4 million in FY2023, representing a growth of approximately 503.6%[7] - Net profit for the year increased from approximately RMB 1.3 million in FY2022 to approximately RMB 10.1 million in FY2023[9] - Total revenue decreased from RMB 634.15 million in FY2022 to RMB 512.77 million in FY2023, a decline of approximately 19.1%[26] - Basic earnings per share increased from RMB 0.002 in FY2022 to RMB 0.013 in FY2023[26] - The total revenue for the year ended December 31, 2023, was RMB 634,152 thousand, an increase from RMB 576,727 thousand in 2022, representing a growth of approximately 9.9%[47] - The gross profit for the same period was RMB 57,425 thousand, compared to RMB 51,425 thousand in 2022, indicating a gross margin improvement[47] - The company reported a net loss of RMB 2,357 thousand for the year, a decrease from a profit of RMB 1,253 thousand in the previous year[48] - The company's profit attributable to owners for the year ended December 31, 2023, was RMB 10,078,000, compared to RMB 1,253,000 in 2022, representing a significant increase[58] - The basic earnings per share for the year ended December 31, 2023, was RMB 0.013, up from RMB 0.002 in 2022, indicating strong growth in profitability[58] Assets and Liabilities - The total assets decreased from RMB 1,385.099 million in FY2022 to RMB 1,352.247 million in FY2023[28] - The total equity attributable to the owners of the company increased from RMB 443.070 million in FY2022 to RMB 453.148 million in FY2023[28] - Trade receivables decreased from RMB 704.195 million in FY2022 to RMB 610.359 million in FY2023, a reduction of approximately 13.3%[4] - The company's total liabilities as of December 31, 2023, were RMB 899,099 thousand, compared to RMB 942,029 thousand in 2022, indicating a decrease in total liabilities[48] - The total equity and liabilities amounted to RMB 1,352,247,000 as of December 31, 2023, compared to RMB 1,385,099,000 in the previous year[61] - The debt-to-equity ratio as of December 31, 2023, is approximately 49%, a decrease from 52% on December 31, 2022[146] Costs and Expenses - Gross profit decreased from approximately RMB 57.43 million in FY2022 to approximately RMB 104.19 million in FY2023, with a gross margin decline from 8.1% to 6.3%[19][26] - The company’s financing costs for the year were RMB 16,671 thousand, compared to RMB 13,259 thousand in 2022, reflecting an increase in borrowing costs[49] - The company’s employee benefit expenses decreased to RMB 61,815 thousand in 2023 from RMB 72,078 thousand in 2022, a reduction of approximately 14.3%[49] - Administrative expenses increased by approximately RMB 11.9 million or 28.1% to about RMB 54.3 million in fiscal year 2023 from approximately RMB 42.4 million in fiscal year 2022[143] - The net financing costs increased from approximately RMB 13.1 million in the fiscal year 2022 to approximately RMB 16.6 million in the fiscal year 2023, an increase of about 26.7%[170] Investments and Future Outlook - The company has signed an investment contract to invest RMB 350.0 million (approximately HKD 385.0 million) in tailings comprehensive utilization and various building materials production projects in Hainan Province[178] - The company anticipates a revenue growth rate of 2.2% annually from 2024 to 2028, up from 2% in 2022[90] - The average gross profit margin is projected to be 48%, an increase from 40% in 2022[90] - The company plans to expand its precast concrete component production capacity with an investment of HKD 24.5 million, aiming for completion by December 2025[180] - The total investment for the quartz mine deep processing and lightweight environmental building materials project in Longyan City, Fujian Province, is estimated at RMB 1,100 million (approximately HKD 1,242.5 million)[192] Operational Changes - The group has completed the construction of an advanced automatic assembly line with an annual production capacity of 3 million tons of iron tailings, which began operations in May 2023[132] - The company has commenced sales of iron ore tailings recovery products since May 2023, expanding its product offerings[43] - The company did not successfully acquire mining rights in a public auction held on December 28, 2023, leading to the invalidation of the investment contract[192] - The company has not declared or proposed any dividends for the year ended December 31, 2023, consistent with 2022[109] Employee and Governance - As of December 31, 2023, the company had 438 employees, a decrease from 508 employees as of December 31, 2022[179] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules during the fiscal year 2023[196] - The company’s financial statements for the fiscal year 2023 have been reviewed by its auditor, confirming compliance with applicable accounting standards[198] - The company will hold its annual general meeting on June 18, 2024, in Hong Kong[184]

Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately RMB 231.0 million, a decrease of about 24.7% compared to the same period last year[12]. - Gross profit for the same period was approximately RMB 32.8 million, down about 9.2% year-on-year[12]. - The period profit increased significantly to approximately RMB 10.6 million, representing a year-on-year increase of approximately 1,909.2%[21]. - Revenue from the sale of ready-mixed concrete decreased by approximately 48.5% to about RMB 112.0 million, while revenue from the sale of precast concrete components decreased by approximately 46.1% to about RMB 44.2 million[20]. - Revenue from the sale of iron ore tailings recovery and eco-bricks increased by approximately 907.5% to about RMB 74.8 million[20]. - Revenue for the six months ended June 30, 2023, was RMB 231,018 thousand, a decrease of 24.6% compared to RMB 306,675 thousand for the same period in 2022[105]. - Operating profit increased significantly to RMB 22,456 thousand from RMB 7,786 thousand, indicating a strong operational performance[105]. - Net profit attributable to the owners of the company for the period was RMB 10,649 thousand, compared to RMB 530 thousand in the previous year[105]. - The company achieved a net profit of approximately RMB 10.6 million, which is about 20 times that of the same period last year, with a net profit margin of approximately 4.6%[115]. Assets and Liabilities - As of June 30, 2023, trade payables amounted to RMB 385.5 million, compared to RMB 348.4 million as of December 31, 2022[30]. - The company reported a total equity of approximately RMB 364.7 million as of June 30, 2023[27]. - The company’s total liabilities increased to RMB 451,635,000 as of June 30, 2023, from RMB 443,595,000 as of December 31, 2022, marking a growth of 1.3%[36]. - Total assets as of June 30, 2023, amounted to RMB 1,416,780 thousand, an increase from RMB 1,385,099 thousand at the end of 2022[107]. - Total liabilities increased to RMB 963,061 thousand from RMB 942,029 thousand, indicating a rise in financial obligations[110]. - The debt-to-equity ratio as of June 30, 2023, was approximately 50.4%, a slight decrease from 51.5% as of December 31, 2022[137]. Cash Flow and Financing - For the six months ended June 30, 2023, the net cash flow from operating activities was RMB 40,175,000, a significant increase from RMB 1,927,000 in the same period last year, representing a growth of approximately 1,925%[79]. - The cash flow from investing activities showed a net outflow of RMB 37,758,000, compared to a net outflow of RMB 75,580,000 in the previous year, indicating a reduction in investment losses by about 50%[79]. - The company reported a cash inflow from bank borrowings of RMB 72,220,000, up from RMB 50,500,000 in the prior year, reflecting a 43% increase in financing activities[79]. - The total cash and cash equivalents at the end of the period were RMB 13,327,000, down from RMB 30,388,000 at the end of the previous period, marking a decrease of approximately 56%[79]. - The company’s financing costs included interest payments of RMB 11,065,000, which increased from RMB 7,285,000 in the previous year, indicating a rise of about 52%[79]. - The company has unutilized financing facilities amounting to RMB 7,012,000 as of June 30, 2023, compared to RMB 1,422,000 as of December 31, 2022[43]. Shareholder Information - The company has issued 748 million shares as of June 30, 2023, with a total share capital of approximately RMB 6.36 million[26]. - The largest shareholder, Zhi Xin Investment Holdings Limited, holds 274,706,100 shares, representing 36.73% of the total shares[65]. - The second largest shareholder, Yao He Holdings Limited, owns 121,568,700 shares, accounting for 16.25% of the total shares[65]. - The company did not declare an interim dividend for the six months ended June 30, 2023[72]. Operational Segments - The company operates primarily in three segments: ready-mixed concrete, precast concrete components, and iron ore tailings recovery and eco-bricks[23]. - The company is focused on expanding its operations in the concrete materials manufacturing sector in Xiamen, Fujian Province, China[23]. - The company completed the acquisition of 瑞圖明盛環保建材 (Ruitu Mingsheng) in December 2021, which has expanded its operations into the production and sale of eco-friendly bricks in Hainan Province[82]. - The company plans to continue expanding its market presence and product offerings, particularly in the eco-brick segment, which was established through the acquisition of a new subsidiary[176]. Management and Governance - The total remuneration for key management personnel was approximately RMB 2,379,000 for the six months ended June 30, 2023, compared to RMB 1,630,000 for the same period in 2022, reflecting a year-on-year increase of 46%[58]. - The strategic committee was formed on April 6, 2023, with four executive directors, including the newly appointed executive director, Mr. Lai Chuen Shui[68]. - The board of directors has not reported any conflicts of interest with competing businesses as of June 30, 2023[69]. - The company is in compliance with corporate governance codes and standards regarding securities trading by directors[60]. Taxation - For the six months ended June 30, 2023, the income tax expense was RMB 4,853,000 compared to a tax credit of RMB 45,000 in the same period of 2022, indicating a significant increase in tax liability[197]. - The current income tax for China was RMB 6,599,000, up from RMB 1,564,000 in the previous year, reflecting a substantial rise in taxable income[197]. - The group is subject to a corporate income tax rate of 25% in China, with a preferential rate of 15% applicable to Xiamen Zhixin Construction Technology Co., Ltd[200].

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。 Zhixin Group Holding Limited 智 欣 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2187） 截至二零二三年六月三十日止六個月之 中期業績公告 智欣集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本 公司及其附屬公司截至二零二三年六月三十日止六個月之未經審核業績。本 公告載有本公司二零二三年中期報告（「二零二三年中期報告」）全文，符合香 港聯合交易所有限公司（「聯交所」）證券上市規則有關中期業績初步公告附載 資料之相關規定。二零二三年中期報告之印刷版本將寄發予本公司股東，並 將於二零二三年九月八日或之前在聯交所網站www.hkexnews.hk及本公司網站 www.xiamenzhixin.com可供查閱。 承董事會命 智欣集團控股有限公司 主席兼執行董事 葉志杰 ...

Financial Performance - The company's revenue for the fiscal year 2022 was approximately RMB 634.2 million, a decrease of about RMB 130.9 million or 17.1% compared to RMB 765.1 million in fiscal year 2021[21]. - Gross profit decreased from approximately RMB 104.3 million in fiscal year 2021 to about RMB 57.4 million in fiscal year 2022, representing a decline of approximately 44.9%[10]. - The gross margin for the fiscal year 2022 was approximately 9.1%, down from about 13.6% in fiscal year 2021[27]. - The profit for the fiscal year 2022 was approximately RMB 1.3 million, a significant drop of about 94.1% from RMB 20.4 million in fiscal year 2021[10]. - Revenue decreased by approximately RMB 130.9 million or about 17.1% to approximately RMB 634.2 million in FY2022[47]. - Revenue from the sale of precast concrete components decreased by approximately 38.2% to approximately RMB 143.0 million in FY2022[48]. - The gross profit from ready-mixed concrete decreased from approximately RMB 85.0 million in FY2021 to approximately RMB 37.7 million in FY2022, with a gross margin decline from approximately 15.9% to about 8.1%[50]. Operational Highlights - The revenue from the sale of ready-mixed concrete decreased from approximately RMB 533.8 million in fiscal year 2021 to about RMB 463.3 million in fiscal year 2022, a decline of approximately 13.2%[15]. - The company expects to process 3 million tons of iron tailings annually, supported by the largest processing line in Hainan Province[12][22]. - The gross profit from iron tailings recovery and eco-bricks was approximately RMB 11.4 million, with a gross margin of about 41.0%[30]. - The company has invested significantly in advanced automated assembly lines for iron tailings recovery, enhancing production capacity[22]. - The company anticipates increased demand for prefabricated concrete components due to government policies promoting their use in new buildings[24]. Expenses and Costs - Sales expenses increased by approximately RMB 1.3 million or about 6.3% to approximately RMB 20.9 million in FY2022, primarily due to increased transportation costs[32]. - Administrative expenses decreased by approximately RMB 1.1 million or about 2.6% to approximately RMB 42.4 million in FY2022, mainly due to a reduction in one-time expenses related to the listing in FY2021[33]. - The net financing cost slightly increased by approximately RMB 0.1 million or about 1.0% to approximately RMB 13.1 million in FY2022[34]. Shareholder Information - As of December 31, 2022, the major shareholder, Zhixin Investment Holdings Limited, holds a beneficial interest of 274,706,100 shares, representing 36.73% of the issued share capital[100]. - The second major shareholder, Yaohua Holdings Limited, has a beneficial interest of 121,568,700 shares, accounting for 16.25% of the issued share capital[100]. - Huatai Securities Co., Ltd. holds a controlled corporation interest of 96,544,000 shares, which is 12.90% of the issued share capital[100]. Corporate Governance - The board has committed to enhancing corporate governance practices, ensuring compliance with regulatory standards and improving overall accountability[92]. - The board has maintained a gender diversity ratio of 13% female to 87% male as of December 31, 2022[115]. - The board has complied with the listing rules by appointing at least three independent non-executive directors, constituting at least one-third of the board[118]. - The audit committee consists of three independent non-executive directors, with one member possessing appropriate professional qualifications in accounting or related financial management[123]. - The remuneration committee has reviewed the compensation policy and structure for the board and senior management based on the group's operating performance and market data[104]. - The company has committed to maintaining good corporate governance standards to protect shareholder interests and enhance corporate value[109]. - The board has reviewed and monitored its corporate governance practices to ensure compliance with the corporate governance code[110]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the standard code and confirming adherence by all directors for the year[136]. Risk Management - The company has implemented policies and procedures to identify, assess, and monitor key risks related to financial, operational, and compliance activities[157]. - The external auditor provided both audit and non-audit services during the fiscal year, with specific remuneration details disclosed in the financial statements[155]. - The company has reviewed and approved the risk management and internal control systems designed and implemented by management[157]. - The board believes that the existing risk management and internal control systems are adequate to manage significant financial, operational, and compliance risks[182]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report is prepared in accordance with the guidelines and covers the fiscal year from January 1, 2022, to December 31, 2022[196]. - The board is responsible for identifying and assessing ESG-related risks and determining the relevant strategies and risk management systems[198]. - The ESG working group consists of members deeply involved in the daily operations and management of the group[199]. - The company has complied with the "comply or explain" provisions of the ESG reporting guidelines in the previous fiscal year[197]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of B% driven by new product launches and market expansion strategies[78]. - New product development efforts have resulted in the introduction of C innovative products, which are expected to contribute D% to overall revenue in the upcoming year[78]. - The company is planning to expand its market presence in E regions, aiming for a market share increase of F% within the next two years[78]. - A strategic acquisition was completed, enhancing the company's capabilities and expected to generate an additional G million in revenue annually[78]. - The company has implemented new technologies that improved operational efficiency by H%, reducing costs significantly[78]. - Environmental initiatives have led to a reduction in greenhouse gas emissions by I% through optimized logistics and fleet management[76].