Revenue Performance - In the first half of 2022, the Group's revenue from Conditional Access Modules (CAMs) decreased by 29.3% to approximately US$7.4 million, accounting for 46.5% of total revenue[11] - The Group's total revenue for the first half of 2022 was significantly impacted by the decline in CAM sales, highlighting the need for diversification[11] - In the first half of 2022, the Group generated revenue of US$15.8 million, a 2.2% increase compared to US$15.5 million in the same period of 2021[22] - Sales revenue from IC solutions was approximately US$6.5 million, representing a 110.6% increase year-on-year, accounting for 40.8% of the Group's total revenue[19] - The overall market for CAMs experienced a slight decline in sales compared to the previous year, reflecting broader industry challenges[11] Market Analysis - The largest market for CAMs, Europe, contributed 71.7% of total CAM sales, with a year-on-year decline of 13.0% due to the impact of OTT set-top boxes and ongoing pandemic effects in Northern and Western Europe[14] - Sales revenue in the Russian region dropped by 84% compared to the same period last year, primarily due to the Russia-Ukraine conflict affecting payment processes and market contraction[14] - Emerging market sales decreased by 57.2%, mainly due to low customer demand in India and Africa as a result of the COVID-19 pandemic[14] - The domestic market sales increased by 49% year-on-year, driven by growth in domestic engineering card sales[14] Strategic Initiatives - The Group launched research and development for the Electronic Design Automation (EDA) system, expanding into cloud services and integrated circuit solutions[11] - The Group's strategic focus includes enhancing its semiconductor integrated circuit technology business to adapt to market changes[11] - The Group continues to explore new business lines to mitigate risks associated with market fluctuations in the pay-TV industry[11] - The Group plans to leverage cost advantages from platform hardware upgrades and adjust pricing for major customers to secure additional orders[17] - The Group will focus on 4K/UHD TVs bundled with ECP CAMs in response to the demand from the Qatar World Cup, aiming to expand market share[17] Financial Performance - The Group's gross profit for the first half of 2022 was US$7.1 million, with a gross profit margin of 44.9%, down from 46.8% in the same period of 2021[24] - Research and development expenses decreased by 3.0% to US$19.8 million compared to the same period last year, mainly due to a reduction in government project expenses[27] - Selling and distribution expenses amounted to US$0.8 million, a decrease of 10.3% compared to the same period last year, mainly due to reduced marketing promotion expenses[29] - General and administrative expenses increased by 9.2% to US$5.5 million, primarily due to increased staff costs from business expansion[29] - The loss for the period was US$4.7 million, representing an increase of 152.4% compared to the same period in 2021, mainly due to a decrease in government grants related to R&D expenditure[29] Cash and Liquidity - As of June 30, 2022, total cash and cash equivalents were US$34.6 million, up from US$18.8 million as of December 31, 2021[34] - The current ratio was 108% as of June 30, 2022, down from 130.6% as of December 31, 2021[34] - Bank borrowings increased to US$31.2 million as of June 30, 2022, compared to US$28.4 million as of December 31, 2021[33] - The gearing ratio was 24.4% as of June 30, 2022, compared to 20.5% as of December 31, 2021[33] - Net current assets were US$4.2 million as of June 30, 2022, down from US$12.3 million as of December 31, 2021[34] Shareholder Information - The board does not recommend any interim dividend for the six months ended June 30, 2022, consistent with the previous year[53] - The company maintained a public float of no less than 25% as required under the Listing Rules[53] - As of June 30, 2022, Huang Xueliang holds a beneficial interest in 173,916,468 shares, representing approximately 54.29% of the company's equity[57] - The company adopted a share incentive plan on February 21, 2008, to recognize contributions made by employees, Directors, and consultants[78] Risk Management - The Group has established a risk management committee to monitor sanctions risks and export controls[105] - The risk management committee conducted customer due diligence to assess potential sanctions risks[105] - The Group continues to monitor and evaluate its business activities in connection with possible international sanctions risks[106] - The Group's risk management measures are deemed reasonably adequate to protect the interests of the Company and its shareholders[107] Segment Performance - The Group's operating segments include CAM, rapid verification systems and software, cloud services, and IC solutions, which are regularly reviewed by the chief operating decision-maker[180] - The Group's management assesses the performance of the operating segments based on adjusted profit/(loss) before tax, excluding finance income, finance costs, and unallocated income and expenses[180] - The reportable segment results showed a loss of USD 1,147,827 for the six months ended June 30, 2022, compared to a profit of USD 2,196,562 for the same period in 2021, indicating a significant decline in segment performance[190] Financial Risks - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[150] - The carrying values of current financial assets and liabilities approximate their fair values due to their short maturities[153] - The Group may adjust dividend payments, return capital to shareholders, or issue new shares to manage its capital structure[150] Investment and Valuation - The Group's fair value estimation for investments used a pre-tax discount rate of 14%, a compound annual growth rate in revenue of 17%, and a terminal growth rate of 3%[170] - The fair value of unlisted equity securities acquired in June 2019 was estimated at USD 2,063,938 using a discounted cash flow method[168] - The fair value of unlisted equity securities acquired in November 2018 was estimated at USD 6,236,589 based on comparable recent arm's length transactions[168]

Financial Performance - The Group recorded revenue of USD36.2 million for 2021, representing a year-on-year decrease of 4.2% from USD37.8 million in 2020[10]. - Gross profit for the year increased by 28.7% year-on-year to USD17.1 million[10]. - Basic earnings per share for the year was USD3.1 cents, compared to a basic loss per share of USD1.2 cents in 2020[10]. - The Board has recommended the payment of a final dividend of USD0.1 cent per share, totaling USD409,480[10]. - Revenue for the year ended December 31, 2021, was approximately USD36.2 million, representing a decrease of around 4.2% compared to 2020, primarily due to reduced sales of CAM products[28]. - Sales of CAM products amounted to USD21.1 million, accounting for 58.3% of total revenue, reflecting a year-on-year decrease of 10.2%[28]. - Cloud services revenue reached approximately USD4.0 million, representing 11.0% of total revenue, with a year-on-year growth of 42.9%[28]. - Revenue from IC solutions was approximately USD11.1 million, accounting for 30.7% of total revenue, with a slight decrease of 3.5% compared to the previous year[28]. - For the year ended 31 December 2021, profit amounted to USD9.9 million, a turnaround from a loss of USD3.4 million in 2020, primarily due to fair value gains from equity investment in X-Times Design Automation Co., LTD[44]. Market Performance - For the year ended December 31, 2021, the Group recorded CAM revenue of approximately USD 21.1 million, a year-on-year decrease of about 10.2%, accounting for around 58.3% of total revenue[20]. - The European market (excluding Russia) accounted for approximately 58.0% of total CAM sales, with a year-on-year decline of about 10.5%[20]. - Revenue from the Russian market represented about 19.9% of total CAM sales, decreasing approximately 11.3% year-on-year[20]. - The Mainland China market contributed approximately 12.2% of total CAM sales, showing a year-on-year increase of around 12.4%[20]. Research and Development - The Group completed the acceptance process for several joint R&D projects and the development of new products during the year[10]. - The Group plans to enhance R&D capabilities and develop new technologies, including smart sensing technology solutions, as part of its diversification strategy[12]. - R&D expenses grew from USD23.0 million to USD38.5 million, primarily due to increased headcount and associated costs[35]. - The Group aims to strengthen core technology research in its IC solutions business, promoting the transformation of research achievements towards producibility[59]. Investments and Acquisitions - The Group acquired a 10% equity interest in X-Times Design Automation Co., LTD, contributing to a turnaround from loss to profit in 2021 due to fair value gains from this investment[12]. - The Group held equity securities investments in six unlisted companies, with an aggregate fair value of approximately USD25.0 million as of December 31, 2021[50]. - The Group contributed RMB36 million (approximately USD5.6 million) to the Hongtai Angel Fund, accounting for 36% of equity interests[52]. - The Group invested RMB6,000,000 (approximately USD924,015) for a 15% equity interest in Chipattern Limited[52]. Corporate Governance - The Board held four meetings during the year ended 31 December 2021, complying with the Corporate Governance Code[72]. - The Company conducted one general meeting during the year ended 31 December 2021[72]. - The daily management and operation of the Group are delegated to senior management, with the Board periodically reviewing delegated functions[76]. - The Company is committed to seeking independent professional advice for the Board committees as needed[78]. - The Board has established a comprehensive risk management and internal control system, which is essential for achieving the Company's strategic goals[106]. Risk Management - The Company aims to maintain risks at an acceptable level through the development of risk management strategies and responses based on industry best practices[118]. - The Company has established a systematic risk management process, conducting annual risk assessments to identify and prioritize risks based on their likelihood and impact on business operations[118]. - The internal control system is based on the framework issued by the Committee of Sponsoring Organisation of the Treadway Commission, covering key business processes such as sales, procurement, and R&D[120]. Environmental, Social, and Governance (ESG) - The Group has no industrial sewage discharge, and domestic water is discharged into a municipal pipeline in compliance with relevant environmental laws[139]. - The Group's policy is to ensure compliance with applicable environmental laws and reduce environmental footprints through efficient resource use and environment-friendly technologies[139]. - The Group promotes environmental awareness among employees, believing it is key to environmental protection and public health[139]. - The ESG Report complies with all "comply or explain" provisions set out in the ESG Guide, with explanations for non-applicable provisions[137]. Employee Management - The Group employed approximately 392 employees as of December 31, 2021, an increase from 312 employees in the previous year, with total staff costs amounting to USD 24.5 million, representing 67.5% of total revenue[55]. - The Group promotes a dual-track system for employee development, allowing for both professional and managerial career paths[158]. - The Group actively supports national maternity policies, providing maternity leave and full salary during this period[158]. - The employee turnover rates for the year ended December 31, 2021, were not specified, but the Group maintains a good working relationship with its employees[166]. Strategic Outlook - The company provided a positive outlook for the next fiscal year, projecting revenue growth of B% and an increase in user engagement metrics[186]. - The company is exploring potential mergers and acquisitions to strengthen its technology portfolio and expand its operational capabilities[186]. - Strategic partnerships are being formed to leverage synergies in technology and market access, aiming for a G% improvement in operational efficiency[186]. - The management team emphasized the importance of adapting to market trends and consumer demands to sustain competitive advantage[186].

Revenue Performance - In the first half of 2021, the Group's revenue from conditional access modules (CAMs) was approximately US$10.4 million, a decrease of 4.6% compared to US$10.9 million in the same period of 2020, accounting for 67.1% of the Group's total revenue[9]. - Total revenue for the six months ended June 30, 2021, was US$15.5 million, a decrease of 14.8% compared to US$18.2 million in the same period in 2020[16]. - Cloud services revenue reached approximately US$2.0 million, a 122.2% increase compared to US$0.9 million in the first half of 2020, representing 12.9% of total revenue[13]. - Revenue from integrated circuit solutions was approximately US$3.1 million, accounting for 20.0% of total revenue[13]. - The overall market sales of CAMs slightly declined in the first half of 2021, impacting the Group's sales performance[9]. - The domestic market sales increased by 54.3% year-on-year to US$0.7 million, driven by growth in domestic Pro-CAM sales[11]. - Sales to customers located in Russia accounted for 12.6% of total revenue for the period ended June 30, 2021, while sales to customers in the Balkans and Ukraine accounted for 8.8%[76]. Expenses and Financial Performance - Research and development expenses increased by 239.5% to US$20.4 million compared to the same period last year, primarily due to the full commencement of all government research projects undertaken by the Group[23]. - Selling and distribution expenses amounted to US$0.9 million, representing an increase of 14.3% compared to the same period last year, mainly due to increased promotion expenses for CAM products[23]. - General and administrative expenses rose by 17.7% to US$5.0 million compared to the same period last year, mainly due to increased headcount and staff costs associated with business expansion[23]. - The loss for the period amounted to US$1.8 million, representing a decrease of 71.2% compared to the same period in 2020, mainly due to higher gross profit margin and other income from government grants[25]. - Operating loss for the period was $4,589,094, worsening from a loss of $2,654,160 in the previous year[98]. - The company reported finance costs of $684,221, significantly higher than $53,387 in the previous year, reflecting increased borrowing costs[98]. Cash Flow and Financial Position - As of June 30, 2021, total cash and cash equivalents amounted to US$44.3 million, down from US$46.5 million as of December 31, 2020[25]. - The company experienced a net decrease in cash and cash equivalents of $(2,544,332), with cash and cash equivalents at June 30, 2021, amounting to $44,270,207[138]. - The company’s cash flows from financing activities resulted in a net cash used of $(9,034,607), contrasting with a net cash generated of $5,949,530 in the prior year[136]. - The company reported a significant increase in interest income received, totaling $159,751, compared to $297,747 in the same period last year[136]. - The Group maintained a current ratio of 131.6% as of June 30, 2021, down from 146.6% as of December 31, 2020[25]. Research and Development Initiatives - The Group has launched research and development for the electronic design automation (EDA) system, expanding into the semiconductor integrated circuit (IC) smart technology business, which includes cloud services and IC solutions[9]. - The company aims to enhance its R&D capabilities and promote the marketization of new revenue growth points in integrated circuit solutions[13]. - The Group aims to enhance its independent R&D level and ensure its technology roadmap aligns with industry innovation trends[35]. - The Group will continue to focus on IC design and accelerate the R&D innovation process to contribute to the nationalization of IC design and production[35]. Corporate Governance and Compliance - The Company has adopted the Corporate Governance Code since its listing on March 30, 2016, and complied with the code provisions except for provision A.2.1[83]. - All Directors confirmed compliance with the Model Code for Securities Transactions during the six months ended June 30, 2021[85]. - The Audit Committee reviewed the Group's unaudited interim financial information for the six months ended June 30, 2021[85]. Market Strategy and Future Outlook - The company plans to increase promotion of new platform products and invest more resources in the introduction of CI+ 2.0 products in the second half of the year[11]. - The Group plans to strengthen customer communication mechanisms and optimize product performance in its cloud services business[35]. - Future strategies may include market expansion and potential mergers or acquisitions to strengthen its position[200]. - The company expects stable sales to customers in Russia, Ukraine, and the Balkans in the second half of 2021[76]. Investments and Financial Assets - The Group had equity securities investments in six unlisted companies with an aggregate fair value of approximately US$13.2 million as of June 30, 2021, compared to US$11.7 million as of December 31, 2020[27]. - The Group's financial assets at fair value through profit or loss amounted to USD 13,170,525 as of June 30, 2021[165]. - The Group's Level 3 instruments included unlisted equity securities acquired in various years, with significant values such as USD 8,159,259 for securities acquired in November 2018[178]. Risk Management - The Group established a risk management committee to monitor exposure to sanctions risks and export controls, comprising senior management[80]. - The risk management committee conducted customer due diligence to assess sanctions risks before engaging in business opportunities in sanctioned countries[80]. - No exposure to sanctions risks was identified by the risk management committee during the period ended June 30, 2021, which required retaining an external legal adviser[80].

Financial Performance - The Group recorded revenue of USD 37.8 million for the year 2020, a decrease of 0.8% compared to USD 38.1 million in 2019[8]. - Gross profit for the year decreased by 12.9% to USD 13.3 million[8]. - Basic loss per share for the year was USD 1.2 cents, compared to basic earnings per share of USD 3.3 cents in 2019[8]. - For the year ended 31 December 2020, the Group recorded revenue of approximately USD 23.5 million from CAM, around 16.1% less than last year, accounting for approximately 62.2% of the Group's total revenue[15]. - Revenue from the Group's cloud services was approximately USD 2.8 million, representing approximately 7.5% of the total revenue[18]. - Revenue from the Group's IC solutions was approximately USD 11.5 million, representing approximately 30.3% of the total revenue[18]. - The Group recorded a loss of USD 3.4 million for the year, a decrease of 127.9% compared to 2019, mainly due to the absence of one-off gains from the disposal of subsidiaries[26]. - The Group maintained a leading position of 60% market share in the global market despite the pandemic's impact on new product promotions[16]. - The Group's strategic focus includes expanding business lines and ensuring stable revenue growth channels[9]. Research and Development - The Group actively developed two new business lines: cloud services and integrated circuit solutions[8]. - The Group focused on proprietary research and development in integrated circuit smart technology and technological cooperation[8]. - Research and development expenses were approximately USD 20.1 million, representing approximately 53.1% of the total revenue[18]. - Continuous development of market-oriented projects will be pursued to achieve quantifiable R&D results in integrated circuits[11]. - The Group plans to strengthen its IC solutions team management and enhance R&D capabilities through talent investment and patent reserves[11]. - The Group aims to deepen cooperation with higher education institutions and integrate more scientific research and talent resources to promote project completion[49]. - The Group aims to enhance R&D standards and deepen the development of integrated circuit smart technology through multiple channels in response to national policies and market demand[48]. Strategic Initiatives - The Group's diversified development strategy aims to stabilize the market share of conventional business while promoting new business[8]. - The Group will develop new platforms for its CAM business, focusing on high performance and adapting to new product standards in response to market opportunities[11]. - The Group will seek collaboration with excellent integrated circuit design enterprises to enhance its proprietary R&D capabilities in smart technology[11]. - The Group will continue to increase investment efforts in the research and development of IC solutions to drive forward the marketization progress of new business for revenue growth[18]. - The Group aims to maintain a stable but rising market share in traditional business while expanding integrated circuit smart technology across various sectors[9]. Corporate Governance - The Board held four meetings during the year ended December 31, 2020, and is obliged to hold at least four regular Board meetings in the forthcoming year[58]. - The Company conducted one general meeting during the year ended December 31, 2020[58]. - The Nomination Committee, Remuneration Committee, and Audit Committee assist in corporate governance duties and can seek independent professional advice at the Company's expense[63]. - The Company has established a comprehensive corporate governance framework to ensure compliance with the CG Code[59]. - The Board retains decision-making authority over all major matters, including policy approval, overall strategies, and significant transactions[65]. Environmental and Social Responsibility - The Group's policy ensures compliance with environmental laws and aims to reduce environmental footprints through efficient resource use[141]. - The Group promotes environmental awareness among employees as a key to environmental protection and public health[142]. - The Group has no industrial wastewater discharge and complies with relevant water pollution prevention laws[144]. - The Group has not encountered any significant labor disputes since its inception and maintains a good working relationship with employees[152]. - The Group actively implements cost reduction and efficiency improvement initiatives through employee engagement[150]. Employee Management - As of December 31, 2020, the Group employed approximately 312 employees, with total staff costs amounting to USD 14.5 million, representing 38.4% of total revenue[42]. - The total employee turnover rate for the Group was 10.58%, with a breakdown of 12.15% for males and 7.14% for females[156]. - The average training hours per employee in 2020 were 5.6 hours, with 107 training sessions for senior and middle management, 10 for technical training, 11 for financial training, and 5 for orientation training[157]. - The Group is committed to training and developing employees to maintain their skillsets and capabilities[152]. Financial Position - As of December 31, 2020, total cash and cash equivalents were USD 46.5 million, down from USD 70.9 million in 2019[26]. - The Group's current ratio was 146.6% as of December 31, 2020, compared to 228.5% in the previous year[26]. - The total assets of the company increased to $H million, indicating a strong financial position and capacity for future investments[164]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected total revenue of $B million[164]. - New product launches are anticipated to contribute an additional $C million in revenue, with a focus on innovative technologies in the digital television sector[164]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[164]. - Strategic partnerships are being formed to leverage synergies in technology and distribution channels, aiming for a F% improvement in operational efficiency[164].

Revenue Performance - The Group's revenue from conditional access module (CAM) sales increased by 1.6% to approximately US$10.4 million in the first half of 2020, compared to US$10.3 million in the same period of 2019, accounting for 57.3% of total revenue[21] - Revenue for the first half of 2020 was US$18.2 million, a 3.4% increase compared to US$17.6 million in the same period of 2019, primarily driven by increased EDA revenue[32][35] - CAM sales accounted for 60.0% of total revenue at US$10.9 million, a decrease of 16.2% from US$13.0 million in the previous year, while EDA sales increased by 58.7% to US$7.3 million, representing 40.0% of total revenue[33][34] Market Trends and Demand - The overall market sales of CAMs steadily rose due to an increase in market demand during the first half of 2020[21] - The increase in CAM sales reflects a stable growth trend in the overall CAM market during the reporting period[21] - The Group's domestic market sales were impacted by the COVID-19 pandemic, particularly in broadcasting and TV sales channels[23] Research and Development - The Group is currently in the research and development phase for the Electronic Design Automation (EDA) system for chip design, which was approved as part of a national science and technology project in 2018[20] - The Group's commitment to R&D in electronic design automation is expected to strengthen its competitive position in the technology sector[20] - The Group plans to continue increasing R&D investment in EDA systems to cultivate the next revenue growth point[28] - The Group's EDA system development and application project made significant progress in R&D facility construction and team building during the first half of 2020[27][28] Financial Performance - Gross profit for the first half of 2020 was US$5.3 million, down US$1.8 million from the previous year, with a gross profit margin of 29.2%, significantly lower than 40.6% in the same period of 2019, mainly due to a decline in EDA segment gross profit[34][36] - The loss for the period amounted to US$6.4 million, representing an increase of 146.3% compared to the same period in 2019, mainly due to increased R&D expenses and share of net losses from investments[49] - The current ratio was 156.3% as of June 30, 2020, down from 228.5% as of December 31, 2019[51][52] - Total liabilities as of June 30, 2020, amounted to USD 55,684,675, an increase from USD 53,867,587 as of December 31, 2019[144] Expenses and Cost Management - R&D expenses increased by 38.1% to US$6.0 million, driven by higher salaries and project expenditures[39] - General and administrative expenses decreased by 19.2% to US$4.3 million compared to the same period last year, mainly due to the absence of expenses from S2C Shanghai[41][44] - Selling and distribution expenses amounted to US$0.8 million, representing a decrease of 56.7% compared to the same period last year, mainly due to the absence of expenses from S2C Shanghai[43] Strategic Focus and Future Plans - The Group's strategic focus includes enhancing its product offerings in the pay-TV sector through innovative security solutions[19] - The Group aims to enhance cooperation with major universities to strengthen its expert team, appointing a chief scientist to boost technological development[25][27] - The Group will continue to strengthen its technological layout and enhance independent research and development capabilities in response to the evolving market conditions[69] Shareholder Information - As of June 30, 2020, Huang Xueliang held a beneficial interest in 172,049,090 shares, representing approximately 54.00% of the company[78] - Ever Expert Holdings Limited owned 142,621,603 shares, accounting for approximately 44.76% of the company[90] - The company has not recommended any interim dividend for the six months ended June 30, 2020, maintaining a focus on reinvestment[75] Risk Management and Compliance - The Group has established a risk management committee to monitor sanctions risks and export controls[116] - Senior management conducted due diligence on customers to assess sanctions risks before engaging in business opportunities in sanctioned countries[116] - The Group has complied with the Corporate Governance Code except for the separation of the roles of chairman and chief executive[123] Cash Flow and Assets - As of June 30, 2020, total cash and cash equivalents amounted to US$55.9 million, down from US$70.9 million as of December 31, 2019[51][52] - The total assets of Smit Holdings Limited as of June 30, 2020, amounted to USD 172,044,259, a decrease from USD 177,468,937 as of December 31, 2019, representing a decline of approximately 3.3%[140] - The company reported a significant increase in investments accounted for using the equity method, rising to USD 60,706,014 from USD 43,519,749, an increase of approximately 39.5%[140]

國微控股有限公司 SMIT HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) Stock Code 股份代號 : 2239 2(0) 11 9 年 度 報 告 2 (0) 11 9 Annual Report = ■ ■ = ■ 目錄 Contents | --- | --- | --- | |----------------------|------------------------------------------------|-------| | 公司資料 | Corporate Information | 2 | | 主席報告 | Chairman Statement | 5 | | 管理層討論及分析 | Management Discussion and Analysis | 9 | | 企業管治報告 | Corporate Governance Report | 25 | | 環境、社會及管治報告 | Environmental ...

國 微 控 股 有 限 公 司 SMIT HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) Stock Code 股份代號：2239 "" . . : 21 " i 2019 Interim Report 中期報告 目錄 Contents | --- | --- | --- | |--------------------------|--------------------------------------------------------|-------| | | | | | 公司資料 | Corporate Information | 2 | | 管理層討論及分析 | Management Discussion and Analysis | 5 | | 其他資料 | Other Information | 17 | | 中期財務資料審閱報告 | Report on Review of Interim Financial Informat ...

國 微 技 術 控 股 有 限 公 司 SMIT HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) ( 於 爾 曼 群 島 註 冊 成 立 的 有 限 公 司 ) Stock Code 股份代號：2239 | --- | --- | --- | --- | |-------|-------|-------|-----------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 年度報告 Annual Report 2018 | | | | | | | | | | | | | | | | 目錄 CONTENTS | --- | --- | --- | --- | --- | |-------|------------------|----------------------|-------------------------- ...