Financial Performance - For the six months ended June 30, 2023, revenue was approximately RMB 831.2 million, an increase of about 11.3% compared to the same period in 2022[2] - Gross profit for the same period was approximately RMB 309.6 million, reflecting a growth of approximately 24.0% year-over-year[2] - Profit attributable to owners of the parent company was approximately RMB 158.6 million, representing an increase of approximately 34.3% compared to the prior year[2] - Earnings per share for the six months ended June 30, 2023, was approximately RMB 0.37, up approximately 32.1% from RMB 0.28 in the same period of 2022[2] - Total comprehensive income for the period was RMB 153.965 million, compared to RMB 107.806 million in the previous year[4] - The group reported a pre-tax profit of RMB 188,154,000 for the six months ended June 30, 2023, up from RMB 130,799,000 in the same period of 2022, reflecting a growth of 43.8%[25] - Profit rose by 34.3% from RMB 118.1 million for the six months ended June 30, 2022, to RMB 158.6 million for the six months ended June 30, 2023[35] Revenue Breakdown - Standardized lenses accounted for RMB 657,415,000 of the total revenue, while customized lenses contributed RMB 170,921,000, showing growth from RMB 602,480,000 and RMB 139,482,000 respectively in the previous year[18] - Revenue from mainland China reached RMB 246,061,000, which is 29.6% of total revenue, up from RMB 202,113,000 (27.1%) in the prior year[15] - Revenue from the Americas was RMB 189,890,000, slightly down from RMB 190,100,000 in the previous year, representing 22.8% of total revenue[15] - The company’s revenue from Europe was RMB 144,387,000, which accounted for 17.4% of total revenue, compared to RMB 140,491,000 (18.8%) in the prior year[15] - The company’s revenue from Asia (excluding mainland China) was RMB 200,876,000, representing 24.2% of total revenue, up from RMB 184,260,000 (24.7%) in the previous year[15] - The company’s total revenue from Africa was RMB 12,541,000, which is 1.5% of total revenue, compared to RMB 7,623,000 (1.0%) in the previous year[15] Asset and Liability Management - Non-current assets as of June 30, 2023, totaled RMB 558.258 million, an increase from RMB 525.184 million as of December 31, 2022[5] - Current assets amounted to RMB 1,336.491 million, compared to RMB 1,263.448 million at the end of 2022[5] - The net asset value as of June 30, 2023, was RMB 1,235.590 million, up from RMB 1,145.614 million at the end of 2022[7] - Total assets increased by 5.9% from RMB 1,788.6 million as of December 31, 2022, to RMB 1,894.7 million as of June 30, 2023, while total liabilities increased by 2.5% from RMB 643.0 million to RMB 659.2 million[50] Expenses and Costs - Research and development costs increased to RMB 30,699,000 for the six months ended June 30, 2023, from RMB 25,615,000 in the prior year, marking a rise of 19.5%[21] - Sales and distribution expenses rose by 21.7% from RMB 36.6 million in the first half of 2022 to RMB 44.5 million in the first half of 2023, driven by increased advertising and travel costs[43] - Administrative expenses increased by 16.9% from RMB 62.6 million in the first half of 2022 to RMB 73.2 million in the first half of 2023, primarily due to ongoing R&D investments[44] - Total financial expenses decreased to RMB 7,455,000 for the six months ended June 30, 2023, from RMB 14,706,000 in the same period of 2022, a reduction of 49.3%[22] Cash Flow and Investments - Cash and cash equivalents increased by 40.3% from RMB 335.6 million as of December 31, 2022, to RMB 470.8 million as of June 30, 2023, primarily due to increased net cash generated from operating activities[51] - Capital expenditures increased by 36.3% from RMB 26.7 million for the six months ended June 30, 2022, to RMB 36.4 million for the six months ended June 30, 2023, mainly for the purchase of property and machinery[52] - The company subscribed to wealth management products totaling RMB 160 million from Shanghai Rural Commercial Bank on July 4, 2023[59] Corporate Governance and Compliance - The company has complied with all corporate governance codes as of June 30, 2023, except for a deviation regarding the roles of the chairman and CEO[63] - The audit committee, composed of three independent non-executive directors, reviewed the unaudited interim results for the six months ending June 30, 2023[66] Future Plans and Strategies - The company plans to enhance production capacity at its Shanghai and Jiangsu facilities to capture potential business growth[36] - The company aims to upgrade its R&D center to a national-level facility to improve its research capabilities and maintain market competitiveness[36] - The company will focus on strengthening online marketing strategies through new channels like Douyin and WeChat mini-programs in the second half of 2023[37] - The company intends to increase sales and marketing efforts with a budget of HKD 48.8 million for 2023[68]

Financial Performance - Shanghai Conant Optical reported a revenue of RMB 1.2 billion for the fiscal year 2022, representing a year-over-year increase of 15%[1]. - The company achieved a net profit of RMB 200 million, which is a 10% increase compared to the previous year[1]. - Revenue for the year ended December 31, 2022, increased by 15.1% to RMB 1,561.3 million from RMB 1,356.1 million for the year ended December 31, 2021[15]. - Profit for the year ended December 31, 2022, rose by 35.4% to RMB 248.6 million compared to RMB 183.5 million for the year ended December 31, 2021[15]. - Gross profit for the year ended December 31, 2022, was RMB 537.9 million, reflecting a significant increase from RMB 460.2 million in 2021[13]. - The net profit for the year attributable to the parent company was RMB 248,566 thousand, compared to RMB 183,522 thousand in 2021, reflecting a year-over-year increase of approximately 35.5%[156]. - Total comprehensive income for the year ended December 31, 2022, was RMB 244,477,000, a decrease from RMB 167,154,000 in 2021, reflecting a foreign exchange loss of RMB 4,089,000[162]. User Growth and Market Expansion - User data indicated a growth in active users by 25%, reaching a total of 1.5 million users by the end of 2022[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[1]. - The company is focusing on expanding its customer base in the Chinese market through increased sales and marketing efforts, including establishing physical stores and enhancing online marketing strategies[17]. Product Development and Innovation - New product launches are expected to contribute an additional RMB 300 million in revenue in 2023, focusing on smart eyewear technology[1]. - Research and development expenses increased by 30% to RMB 150 million, emphasizing innovation in optical technology[1]. - The company aims to upgrade its R&D center to a national-level facility to improve its research capabilities and maintain market competitiveness[16]. Financial Guidance and Projections - The company has set a performance guidance for 2023, projecting a revenue growth of 18%[1]. - The company plans to enhance production capacity at its Shanghai and Jiangsu facilities to capture potential business growth[16]. Operational Efficiency and Cost Management - The company has implemented new strategies to improve supply chain efficiency, aiming for a 15% reduction in operational costs[1]. - Selling and distribution expenses decreased by 8.3% from RMB 76.2 million in 2021 to RMB 69.9 million in 2022, mainly due to reduced business development and travel expenses[23]. - Administrative expenses rose by 6.2% from RMB 145.8 million in 2021 to RMB 154.8 million in 2022, driven by increased R&D costs and employee compensation[24]. Environmental and Social Governance (ESG) - Environmental, social, and governance (ESG) initiatives are being prioritized, with a commitment to reduce carbon emissions by 25% by 2025[1]. - The company made donations totaling RMB 25,400 during the reporting period, compared to RMB 22,000 in the previous year[71]. Corporate Governance and Management - The company has appointed a new joint company secretary, effective March 25, 2022, enhancing corporate governance[56]. - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balance of power and authority[110]. - The company has established a compensation committee to formulate and review the remuneration policies for directors and senior management, ensuring competitive compensation packages[88]. Financial Position and Assets - Total assets as of December 31, 2022, were RMB 1,788.6 million, a slight decrease from RMB 1,811.3 million in 2021[14]. - Total liabilities decreased to RMB 643.0 million as of December 31, 2022, down from RMB 873.9 million in 2021[14]. - Net asset value increased to RMB 1,145.6 million as of December 31, 2022, compared to RMB 937.4 million in 2021[14]. Risk Management and Compliance - The company has established a comprehensive internal control system that meets legal requirements and effectively mitigates risks[104]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2022, in accordance with International Financial Reporting Standards[144]. Shareholder Information - The company reported a proposed final dividend of RMB 0.15 per share, totaling RMB 63,990,000, subject to shareholder approval at the annual general meeting[61]. - The company has no predetermined dividend payout ratio, and future dividends will depend on the financial performance and legal regulations in China[62]. Employee Relations and Workforce - As of December 31, 2022, the company employed a total of 2,453 employees across China, Japan, the United States, and Mexico[40]. - Employee benefit expenses, including salaries and other allowances, amounted to approximately RMB 357.9 million for the year ended December 31, 2022, compared to RMB 319.0 million for the year ended December 31, 2021, representing an increase of about 12.5%[40]. Audit and Financial Reporting - The financial statements have been audited by Ernst & Young, with no changes in auditors over the past three years[96]. - The external auditor, Ernst & Young, issued an unqualified opinion on the company's 2022 financial report, indicating an objective and fair assessment[101].

Financial Performance - For the year ended December 31, 2022, the revenue was approximately RMB 1,561.3 million, an increase of about 15.1% compared to 2021[2] - The gross profit for the year ended December 31, 2022, was approximately RMB 537.9 million, reflecting a growth of about 16.9% from 2021[2] - The profit attributable to the owners of the parent company for the year ended December 31, 2022, was approximately RMB 248.6 million, representing an increase of about 35.4% compared to 2021[2] - The total sales volume of products for the year ended December 31, 2022, was approximately 151.4 million units, an increase of about 12.2% from 2021[3] - The total comprehensive income for the year ended December 31, 2022, was approximately RMB 244.5 million, compared to RMB 167.2 million in 2021[5] - Revenue increased by 15.1% from RMB 1,356.1 million in 2021 to RMB 1,561.3 million in 2022, driven by a rise in order volume and the appreciation of the US dollar against the RMB[43] - Profit rose by 35.4% from RMB 183.5 million in 2021 to RMB 248.6 million in 2022, with sales volume increasing from 134.9 million units in 2021 to 151.4 million units in 2022[39] Revenue Breakdown - Revenue from mainland China reached RMB 447,167,000 in 2022, up 14.9% from RMB 389,253,000 in 2021[15] - Revenue from the Americas was RMB 391,529,000 in 2022, reflecting an increase of 5.3% from RMB 369,905,000 in 2021[15] - Revenue from Asia (excluding mainland China) was RMB 356,602,000 in 2022, a significant increase of 24% from RMB 287,802,000 in 2021[15] - Revenue from Europe increased to RMB 289,177,000 in 2022, up 24.6% from RMB 232,006,000 in 2021[15] - Revenue from Oceania rose to RMB 62,704,000 in 2022, a 33.3% increase from RMB 47,004,000 in 2021[15] - Revenue from Africa decreased to RMB 14,138,000 in 2022, down 53% from RMB 30,112,000 in 2021[15] - Standardized lens revenue was RMB 1,244,057,000, up 17.1% from RMB 1,062,140,000 in 2021[19] - Customized lens revenue increased to RMB 303,000,000, a rise of 7.7% from RMB 281,262,000 in 2021[19] Assets and Liabilities - Non-current assets as of December 31, 2022, totaled approximately RMB 525.2 million, compared to RMB 413.2 million in 2021[6] - Current assets as of December 31, 2022, amounted to approximately RMB 1,263.4 million, down from RMB 1,398.1 million in 2021[6] - The total equity attributable to the owners of the parent company was approximately RMB 1,145.6 million as of December 31, 2022, compared to RMB 937.4 million in 2021[8] - Total assets slightly decreased by 1.3% from RMB 1,811.3 million as of December 31, 2021, to RMB 1,788.6 million as of December 31, 2022, while total liabilities decreased by 26.4% from RMB 874.0 million to RMB 643.0 million[53] Expenses and Costs - Research and development costs for 2022 amounted to RMB 65,826,000, an increase of 38.5% from RMB 47,513,000 in 2021[24] - Total financial expenses decreased to RMB 25,741,000 in 2022 from RMB 34,954,000 in 2021, a reduction of 26.4%[25] - The total tax expense for the year was RMB 32,973,000, compared to RMB 31,580,000 in 2021, reflecting a slight increase[27] - Administrative expenses increased by 6.2% from RMB 145.8 million in 2021 to RMB 154.8 million in 2022, primarily due to a RMB 22.1 million increase in R&D expenses and a RMB 7.0 million increase in employee compensation and benefits[48] - Other expenses surged by 291.4% from RMB 8.5 million in 2021 to RMB 33.1 million in 2022, mainly due to a RMB 27.5 million increase in fair value losses from investments in Viner Total Investments Fund[49] Dividends and Shareholder Information - The company proposed a final dividend of RMB 0.15 per share for the year ended December 31, 2022[3] - The board proposed a final dividend of RMB 0.15 per share for the year ended December 31, 2022, compared to RMB 0.085 per share for the previous year, pending shareholder approval[62] Employee and Governance - As of December 31, 2022, the company employed a total of 2,453 employees across China, Japan, the United States, and Mexico[65] - Employee benefit expenses, including salaries and other allowances, amounted to approximately RMB 357.9 million for the year ended December 31, 2022, an increase from RMB 319.0 million for the previous year[65] - The company has adopted the corporate governance code as per the listing rules and believes it has complied with all provisions for the year ended December 31, 2022, except for a deviation noted in C.2.1[71] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the annual performance announcement and the audited consolidated financial statements for the year ended December 31, 2022, ensuring compliance with applicable accounting standards and regulations[73] - The independent auditor, Ernst & Young, has compared the financial figures in the announcement with the consolidated financial statements for the year ended December 31, 2022, confirming consistency without issuing any verification[74] - The annual performance announcement and annual report for the year ended December 31, 2022, will be published on the stock exchange and the company's website, containing all required information as per listing rules[75]

Financial Performance - Shanghai Conant Optical reported a revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-over-year increase of 15%[3]. - The company achieved a net profit of RMB 200 million, which is a 10% increase compared to the previous year[3]. - The company's revenue increased by 24.1% from RMB 1,093.2 million in 2020 to RMB 1,356.1 million in 2021[16]. - Profit rose by 42.9% from RMB 128.5 million in 2020 to RMB 183.5 million in 2021, driven by an increase in sales volume from 109.1 million units in 2020 to 134.9 million units in 2021[16]. - Gross profit rose by 20.4% from RMB 382.1 million in 2020 to RMB 460.2 million in 2021, while gross margin decreased from 34.9% to 33.9%[21]. - The company reported a total comprehensive income of RMB 167,154 thousand for 2021, compared to RMB 126,336 thousand in 2020, marking a 32.3% increase[161]. - Basic and diluted earnings per share for 2021 were RMB 0.59, compared to RMB 0.42 in 2020, reflecting a 40.5% increase[160]. Market Expansion and Strategy - User data indicated a growth in active customers by 25%, reaching a total of 1.5 million users[3]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[3]. - New product launches are expected to contribute an additional RMB 300 million in revenue in the next fiscal year[3]. - The company aims to expand its customer base in China through increased marketing efforts and the establishment of physical retail stores[17]. Research and Development - Research and development expenses increased by 30%, totaling RMB 150 million, focusing on innovative optical technologies[3]. - The company plans to enhance production capacity and R&D capabilities, including upgrading its R&D center to a national-level facility[17]. - The company aims to strengthen its R&D capabilities with HKD 94.2 million, anticipated to be used by the second half of 2022[96]. Financial Position - The total assets increased to RMB 1,811.3 million in 2021 from RMB 1,444.2 million in 2020[14]. - The total liabilities decreased to RMB 873.9 million in 2021 from RMB 939.7 million in 2020[14]. - The net asset value rose significantly to RMB 937.4 million in 2021 from RMB 504.5 million in 2020[14]. - Cash and cash equivalents increased by 192.2% from RMB 201.9 million as of December 31, 2020, to RMB 589.8 million as of December 31, 2021[31]. - The company’s total liabilities decreased significantly, with repayments of bank loans amounting to RMB 281,131 thousand in 2021[170]. Corporate Governance - The company has a strong focus on corporate governance, with experienced individuals in key management positions[56]. - The board consists of four executive directors, one non-executive director, and three independent non-executive directors, complying with Hong Kong Listing Rules[115]. - The company has established a remuneration committee to review and recommend compensation policies for directors and senior management[92]. - The company has established a robust internal control system that meets legal requirements and effectively mitigates risks[108]. Environmental, Social, and Governance (ESG) - Environmental, social, and governance (ESG) strategies are being prioritized, with a commitment to sustainability practices in production[3]. - The company has established an Environmental, Social, and Governance (ESG) committee to ensure compliance with environmental regulations[65]. - The company aims to increase the proportion of female members on the board to at least 20% by the end of 2027, with a commitment to appoint at least one female director within one year from the listing date (January 16, 2022)[57]. Operational Efficiency - The company aims to improve operational efficiency, targeting a 5% reduction in costs through strategic initiatives[3]. - The company did not experience any significant disruptions in operations or supply chains during 2021, and overall business performance improved due to rising demand in the eyewear market[43]. Audit and Compliance - The external auditor, Ernst & Young, issued an "unqualified opinion" on the company's 2021 financial report, indicating objective and fair audit results[105]. - The audit procedures included evaluating the disclosures related to expected credit losses in the consolidated financial statements[153]. - The independent auditor's report does not cover other information included in the annual report, which is the responsibility of the company's directors[154]. Shareholder Information - The proposed final dividend is RMB 0.085 per share, totaling RMB 36,261,000, subject to shareholder approval[62]. - The company's distributable reserves as of December 31, 2021, are approximately RMB 510.8 million, an increase from RMB 199.5 million as of December 31, 2020[70]. - Shareholders holding more than 10% of the company's shares can request a special general meeting within 30 days, while those with over 3% can propose resolutions ten days prior to the meeting[142].