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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 HC GROUP INC. 慧聰集團有限公司 ( 於開曼群島註冊成立之有限公司 ) (股份代號: 02280) 董事會會議日期 慧聰集團有限公司（「 本公司 」）宣佈 本公司 董事會（「 董事會 」）會議謹訂 於二零 二 五 年 八 月 二 十 二 日（星期五 ）舉 行 , 藉以處理（其中包括 ）下 列 事 項 : 1 . 考慮及批准本公司及其附屬公司截至 二 零 二 五 年六月三十日止六個月 之 未經審核 中 期 業 績 及 中 期 業績公佈； 及 2 . 考慮派付 中 期股息 （ 如有）。 承董事會命 慧 聰 集 團 有限公司 主 席 兼首席執行官 劉 軍 香港，二零二 五 年 八 月 六 日 於本公佈日期，董事會成員包括： 劉 軍 先 生 （ 主 席 、 執行董事 兼首席執行官 ） 張永紅先生 （執行董事） 劉小東先生 （執行董事兼總裁） 郭凡生先生 （非執行董事） 林德緯 先 生 （非執行董事） ...

4月30日，截至港股收盘，恒生指数上涨0.51%，报22119.41点。慧聪集团（02280.HK）收报0.18港元/ 股，上涨9.09%，成交量6.35万股，成交额1.01万港元，振幅13.94%。 行业估值方面，软件服务行业市盈率（TTM）平均值为-3.95倍，行业中值-1.89倍。慧聪集团市盈 率-0.69倍，行业排名第145位；其他博雅互动（00434.HK）为3.33倍、京投交通科技（01522.HK）为3.5 倍、黄河实业（00318.HK）为3.97倍、自动系统（00771.HK）为4.19倍、俊盟国际（08062.HK）为4.53 倍。 资料显示，慧聪集团有限公司(02280.HK)创立于1992年,香港主板上市公司,致力于用互联网和大数据赋 能传统产业,成为中国领先的产业互联网集团。2017年10月18日,慧聪集团全面转型产业互联网。慧聪集 团通过29年服务60余个行业的2700万客户的经验,建立起对行业敏锐的洞察力和触达客户的能力,拥有对 垂直行业的理解和痛点的深度认知。在供应链有机会重塑的领域,在重服务的领域,在创新商业模式的领 域,慧聪发挥互联网工具和技术的优势,做提高效率的价值链重构 ...

Financial Performance - Total revenue for 2024 was RMB 10,977,732, a decrease of 40.6% compared to RMB 18,535,437 in 2023[18]. - The loss attributable to equity holders of the Company for 2024 was RMB (289,229), significantly improved from a loss of RMB (1,829,540) in 2023[18]. - Basic and diluted loss per share for 2024 was RMB (0.2208), an improvement from RMB (1.3967) in 2023[18]. - The Group generated total revenue of approximately RMB10,966 million in 2024, representing a decrease of approximately 40.6% compared to RMB18,448 million in 2023[31]. - Revenue from the technology-driven new retail segment was approximately RMB243.5 million in 2024, down approximately 79.9% from RMB1,209.8 million in 2023[32]. - Revenue from the smart industries segment decreased from approximately RMB17,225.3 million in 2023 to approximately RMB10,722.5 million in 2024, a decline of approximately 37.8%[32]. - The loss attributable to equity holders from continuing operations was approximately RMB265.2 million in 2024, significantly reduced from a loss of approximately RMB1,129.3 million in 2023[34]. - Adjusted net loss for the Group was approximately RMB51.8 million in 2024, compared to RMB86.9 million in 2023[29]. - Adjusted LBITDA for the Group was approximately RMB26.7 million in 2024, compared to RMB19.4 million in 2023[29]. - The decline in revenue was mainly attributed to inadequate demand from downstream textile enterprises and changes in government subsidy policies[31]. Assets and Liabilities - Net current assets decreased to RMB 357,220 in 2024 from RMB 742,696 in 2023, indicating a decline of 51.9%[18]. - Total assets decreased to RMB 1,875,780 in 2024 from RMB 3,077,045 in 2023, a reduction of 38.8%[18]. - Total liabilities decreased to RMB 1,290,039 in 2024 from RMB 1,891,769 in 2023, a decline of 31.8%[18]. - Total equity decreased to RMB 585,741 in 2024 from RMB 1,185,276 in 2023, a decrease of 50.6%[18]. - As of December 31, 2024, the Group's cash and cash equivalents decreased by approximately RMB 86.7 million to approximately RMB 279.0 million from RMB 365.7 million as of December 31, 2023[114][118]. - Total borrowings increased to approximately RMB 437.5 million as of December 31, 2024, up from RMB 406.5 million as of December 31, 2023, with bank borrowings at RMB 175.8 million[115][119]. - The Group was in a net debt position of RMB 127.6 million as of December 31, 2024, compared to a net cash position of RMB 23.8 million as of December 31, 2023[116][120]. - The capital and reserves attributable to equity holders decreased by approximately RMB 300.0 million to approximately RMB 260.4 million as of December 31, 2024, from RMB 560.4 million as of December 31, 2023[116][120]. Strategic Focus and Business Development - The Group aims to empower traditional industries with the Internet and data, focusing on technology-driven new retail and smart industries[13]. - The Group's strategic objective in technology-driven new retail is to enhance user stickiness and improve industry influence through professional content[14]. - The Group is undergoing transformation to lower its gearing ratio, optimize resources, and discontinue loss-making businesses, focusing on core business development[39]. - The Group aims to become a leading industrial internet group in China, integrating AI-enabled industries and big data analysis to enhance industrial digitalization[42]. - The Group is focusing on enhancing its digital supply chain service platform and optimizing resource integration to improve industrial chain synergy efficiency[59][62]. - The Group is prioritizing core business components, including ZOL, PanPass, and Union Cotton, while aiming to reduce indebtedness levels in the short to medium term[61][64]. - The Group emphasizes opportunities for industrial upgrading driven by AI technology, reconstructing traditional business models to optimize resource allocation[65][67]. Operational Challenges and Adjustments - The Group closed its platform and corporate services segment in 2024, which generated revenue of RMB12.9 million in 2023[32]. - ZOL, a subsidiary, faced challenges due to a tightening global economic environment and increased reliance on self-media platforms, impacting its business development[43]. - ZOL's customer base declined as clients reduced investments in advertising and marketing, leading to a challenging market environment[44]. - Despite initiatives to expand video platform content and launch new product lines, ZOL's performance fell short of expectations during the Year[44]. - Union Cotton experienced a significant revenue decline of approximately 37.0% compared to 2023 due to insufficient domestic demand and a sharp drop in export orders, leading to high inventory levels and low operational rates in the cotton textile industry[59][62]. - Despite the revenue drop, Union Cotton achieved positive profit growth year-on-year through refined supply chain management and effective cost control measures[59][62]. Leadership and Governance - Liu Jun has been appointed as the executive director and CEO since September 2016, previously leading the company from October 2017 to January 2019[74]. - Zhang Yonghong has served as an executive director since January 2019, with extensive experience in various leadership roles in technology companies[75]. - Liu Xiaodong joined the group in July 2015 during the acquisition of ZOL and has over 20 years of experience in media operation and management in the TMT field[78]. - Guo Fansheng founded the group in October 1992 and served as CEO until March 2008, currently holding a position as chairman of the Inner Mongolia Chamber of Commerce in Beijing[84]. - The company has a strong leadership team with diverse backgrounds in technology, management, and law, enhancing its strategic direction and governance[76]. - The board includes both executive and non-executive directors, ensuring a balanced approach to decision-making and oversight[80]. Structured Contracts and Regulatory Risks - The BZR Structured Contracts allow Orange Triangle to receive annual service fees of RMB 5 million and 12% of annual revenue from Beijing Zhixing Ruijing, along with additional fees based on net revenue after expenses[133][138]. - The Group's strategy includes compliance with PRC laws and regulations to conduct restricted business operations through structured contracts[136][139]. - The Group's reliance on structured contracts is essential for maintaining operational control and economic benefits from Beijing Zhixing Ruijing[140]. - Risks associated with BZR Structured Contracts include potential non-compliance with PRC laws, which could lead to severe consequences for Beijing Zhixing Ruijing[176]. - The uncertainty surrounding the VIE structure could increase risks for foreign investments in the PRC telecommunications sector[185]. - The Group's financial performance could be significantly impacted if the BZR Structured Contracts are invalidated[184].

Financial Performance - Total sales revenue from continuing operations was approximately RMB 10,966 million, a decrease of about 41% from RMB 18,448 million in 2023[3] - Loss attributable to equity holders of the company from continuing operations was approximately RMB 265 million, compared to a loss of RMB 1,129 million in 2023[3] - Adjusted net loss (non-HKFRS) was approximately RMB 52 million, down from RMB 87 million in 2023[3] - Adjusted LBITDA (non-HKFRS) was approximately RMB 27 million, compared to RMB 19 million in 2023[3] - Loss per share from continuing operations was RMB 0.2025, compared to RMB 0.8621 in 2023[3] - The company reported a significant reduction in accounts payable and notes payable from RMB 292,924 thousand in 2023 to RMB 276,178 thousand in 2024, a decrease of approximately 5.7%[7] - The group reported a loss before tax of RMB 243,880,000 for the fiscal year ending December 31, 2024, with a notable loss from discontinued operations amounting to RMB 5,637,000[25] - The company reported a net loss from continuing operations of RMB 265.21 million for 2024, compared to a loss of RMB 1.13 billion in 2023, indicating a 76.6% improvement[39] - The company reported a loss attributable to equity holders from discontinued operations of approximately RMB 24.0 million, a significant decrease from RMB 700.2 million in the previous year[68] Assets and Liabilities - Total assets decreased to RMB 1,875,780 million from RMB 3,077,045 million in 2023[6] - Total equity attributable to equity holders of the company decreased to RMB 260,421 million from RMB 560,410 million in 2023[6] - Non-current assets totaled RMB 331,283 million, down from RMB 444,370 million in 2023[6] - Current assets decreased to RMB 1,544,497 million from RMB 2,632,675 million in 2023[6] - Total liabilities decreased from RMB 1,891,769 thousand in 2023 to RMB 1,290,039 thousand in 2024, representing a reduction of approximately 31.8%[7] - Non-current liabilities increased significantly from RMB 1,790 thousand in 2023 to RMB 102,762 thousand in 2024, indicating a growth of over 5,600%[7] - Current liabilities decreased from RMB 1,889,979 thousand in 2023 to RMB 1,187,277 thousand in 2024, a decline of about 37.1%[7] - The total equity and liabilities decreased from RMB 3,077,045 thousand in 2023 to RMB 1,875,780 thousand in 2024, a decline of approximately 38.9%[7] Business Strategy and Operations - The company continues to focus on its B2B trading platform and digital identity technology solutions as part of its business strategy[11] - The group decided to suspend the operation of Huicong Network in 2022 and gradually close its physical presence[21] - The group plans to gradually cease operations in the financing leasing business under the Platform and Enterprise Services segment in 2024[21] - The company is focusing on high-quality clients and streamlining its customer base as part of its business strategy reform[47] - The company plans to reduce operational scale, including layoffs, and implement various cost-saving measures in response to market challenges[47] - The group is prioritizing core business components, including ZOL, 兆信股份, and 棉聯, while balancing operational costs and risks to reduce debt levels in the short to medium term[79] Investments and Sales - The company completed the sale of its subsidiary, Beijing Huicong Internet Information Technology Co., Ltd., on February 27, 2024, impacting its financial performance[9] - The equity interest in Chongqing Shenzhou Digital Huicong Microfinance Co., Ltd. was reduced from 70% to 40%, resulting in a change from a subsidiary to an associate company[9] - The company sold a 22.8% stake in Guangzhou Huizheng Zhilian Technology Co., generating a cash consideration of RMB 100 million, resulting in a gain of approximately RMB 19.12 million[30] - The company completed the sale of Huicong Internet Group, resulting in a net loss of RMB 22,310,000 from the transaction[57] - The total cash consideration received from the sale of Huicong Internet Group was RMB 5,000,000, which included a deposit of RMB 1,000,000 received on December 1, 2023[61] Impairments and Provisions - The impairment loss on financial assets for the fiscal year ending December 31, 2024, was RMB 102,428,000, compared to RMB 19,301,000 in the previous year[28] - The company recognized an impairment loss of RMB 103,728,000 for the year ended December 31, 2024, compared to zero in 2023, due to the recoverable amount being lower than the carrying value[48] - The impairment loss on investments in associates increased to RMB 103,728 thousand in 2024 from RMB 3,894 thousand in 2023, highlighting potential challenges in investment performance[98] Governance and Compliance - The company has adopted a written guideline for securities trading by directors, ensuring compliance with the standards set forth in the listing rules[92] - The company believes that at least 25% of its total issued shares are held by the public as of the announcement date[93] - The company has received written confirmations from independent non-executive directors regarding their independence, and they are considered independent individuals[95] - The company has made strategic adjustments in its corporate governance, including the separation of roles between the chairman and the CEO to enhance operational efficiency[91] Future Outlook - The revenue compound annual growth rate (CAGR) is projected at 6.2%, while the cost and expense CAGR is estimated at 5.6%[50] - The cash flow projections for the next five years and beyond are based on management's judgments and external data sources[48] - The group aims to enhance its core business by leveraging AI and big data analytics to improve industry digitalization[71] - ZOL plans to enhance its core competitiveness by accelerating AIGC platform development and integrating more AI models[73]

Financial Performance - Total sales revenue for the continuing operations was approximately RMB 5,904.7 million, a decrease of about RMB 2,941.1 million or 33.2% compared to RMB 8,845.8 million in the same period of 2023[3]. - Adjusted EBITDA was approximately RMB 10.7 million, down from RMB 34.2 million in the first half of 2023[4]. - Loss attributable to equity holders from continuing operations was approximately RMB 55.3 million, compared to RMB 696.8 million in the first half of 2023[4]. - The total sales revenue for the group was approximately RMB 5,916.4 million, a decrease of about 33.6% from RMB 8,906.3 million in the same period of 2023[5]. - The smart industry segment generated approximately RMB 5,779.1 million in sales revenue, down 26.0% from RMB 7,808.5 million in the same period of 2023[5]. - The technology new retail segment contributed approximately RMB 125.6 million to sales revenue, a decline of 87.9% compared to RMB 1,037.4 million in the first half of 2023[5]. - For the six months ended June 30, 2024, the company reported sales revenue of RMB 5,904,709 thousand, a decrease of 33.5% compared to RMB 8,845,839 thousand in the same period of 2023[34]. - The net loss for the period was RMB 64,435 thousand, significantly improved from a net loss of RMB 843,591 thousand in the prior year[34]. - The company reported a loss before tax of RMB (847,867) thousand for the six months ended June 30, 2024, compared to a loss of RMB (692,473) thousand in the same period of 2023, indicating an increase in losses of approximately 22.5%[66]. - The company incurred a goodwill impairment loss of RMB (719,426) thousand during the reporting period, which impacted overall financial performance[66]. Operational Efficiency - Operating expenses decreased from approximately RMB 217.6 million in the first half of 2023 to approximately RMB 207.7 million in the current period[6]. - The company has independently developed AI large model service capabilities, providing strong sales and operational support for member retail stores, enhancing profit structure and profitability[11]. - The "Hui Mai Mai" platform has effectively integrated urban and rural resources, improving operational efficiency and competitiveness in a slowing domestic economy[11]. - The company is leveraging digital transformation and IoT solutions to drive efficiency in supply chain management across various industries[14]. Strategic Initiatives - The company aims to enhance its core capabilities by accelerating AIGC construction and improving AI-assisted content creation[9]. - The company plans to innovate its APP monetization model and develop new commercial functions to meet user needs and advertising demands[9]. - The company is focusing on core business segments, including ZOL, Zhao Xin, and Mian Lian, while balancing operational costs and risks[16]. - The company aims to enhance its marketing capabilities through comprehensive online and offline communication services tailored to client needs[11]. - The company is expanding its content capabilities by analyzing user profiles and interests to increase user engagement across multiple domains[11]. - The company has plans for market expansion and new product development, focusing on enhancing its B2B trading platform and digital identity solutions[68]. Financial Position - As of June 30, 2024, the group's cash and bank balances were approximately RMB 229.4 million, down from RMB 365.7 million as of December 31, 2023[17]. - The group's total borrowings increased to approximately RMB 447.8 million as of June 30, 2024, compared to RMB 406.5 million as of December 31, 2023[17]. - The group's net assets increased from RMB 770.2 million to RMB 1,112.3 million, primarily due to increased prepayments to suppliers for B2B transactions[17]. - The capital debt ratio of the group was 10% as of June 30, 2024, calculated as net debt divided by total capital[17]. - The company's total liabilities were RMB 1,624,103 thousand, down from RMB 1,891,769 thousand at the end of 2023[39]. - The company’s total assets as of June 30, 2024, were RMB 2,416,995 thousand, down from RMB 3,077,045 thousand at the end of 2023[38]. Shareholder Information - The group did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[27]. - The total number of issued shares remained at 1,309,931,119 as of June 30, 2024, unchanged from December 31, 2023[128]. - The company has a total authorized share capital of 2,000,000,000 shares, with a par value of RMB 0.1 per share[128]. - Major shareholder Talent Gain Developments Limited holds approximately 19.37% of the company's shares, totaling 253,671,964 shares[163]. Risk Management - The group has faced various financial risks including market risk, credit risk, and liquidity risk, with no changes in financial risk management policies since December 31, 2023[55][57]. - The group has implemented a prudent treasury policy to manage liquidity risks and has not used any financial instruments for hedging purposes during the period[18]. - The group’s financial risk management disclosures are not fully included in the interim financial data and should be read in conjunction with the annual financial statements[55]. Corporate Governance - The audit committee, consisting of independent non-executive directors, has reviewed the financial reporting process and internal control procedures during the period[168]. - The company has adopted written guidelines for directors regarding securities trading, confirming compliance with the stipulated trading rules throughout the period[167]. - The company’s organizational structure ensures a clear division of responsibilities between the chairman and the CEO, promoting effective business decision-making[176].

Financial Performance - Total sales revenue from continuing operations was approximately RMB 5,904.7 million, a decrease of about RMB 2,941.1 million or approximately 33.2% compared to RMB 8,845.8 million in the first half of 2023[1]. - Adjusted net loss was approximately RMB 0.7 million, compared to a loss of RMB 696.8 million in the first half of 2023[1]. - Adjusted EBITDA was approximately RMB 10.7 million, with no corresponding figure provided for the first half of 2023[1]. - Loss attributable to equity holders of the company from continuing operations was approximately RMB 55.3 million, down from RMB 696.8 million in the first half of 2023[1]. - Basic and diluted loss per share from continuing operations was RMB 0.0422, compared to RMB 0.5319 in the first half of 2023[1]. - The company reported a total comprehensive loss of RMB 65,441 million for the period, compared to RMB 911,717 million in the previous year[2]. - The company recognized an impairment loss on goodwill of RMB 719,426 million in the previous year, which was not recorded in the current period[2]. - The company reported a net loss before tax of RMB 64,089 thousand for the six months ended June 30, 2024, compared to a loss of RMB 847,867 thousand for the same period in 2023[16]. - The company incurred a goodwill impairment loss of RMB 719,426 thousand during the six months ended June 30, 2023, which significantly impacted the financial results[16]. - The company reported a net loss before tax of RMB 19,859 for the period ended February 27, 2024, significantly improved from a loss of RMB 153,137 for the six months ended June 30, 2023[19]. - The loss attributable to equity holders was approximately RMB 63.2 million, significantly lower than the loss of RMB 810.3 million in the first half of 2023, which included a goodwill impairment of RMB 719.4 million[38]. - The group reported an operating loss of RMB (13,555,000) for the six months ended June 30, 2024, compared to an operating loss of RMB (692,179,000) for the same period in 2023[65]. - The adjusted EBITDA for the six months ended June 30, 2024, was RMB 10,708,000, down from RMB 34,204,000 in the previous year[65]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 2,416,995 million, down from RMB 3,077,045 million as of December 31, 2023[4]. - Non-current assets totaled RMB 478,648 million, an increase from RMB 444,370 million as of December 31, 2023[4]. - Current assets, including cash and cash equivalents, were RMB 1,938,347 million, down from RMB 2,632,675 million as of December 31, 2023[4]. - Total equity attributable to equity holders remained stable at RMB 120,977 thousand as of June 30, 2024, unchanged from December 31, 2023[6]. - Cumulative losses increased to RMB 3,272,851 thousand as of June 30, 2024, compared to RMB 3,147,855 thousand as of December 31, 2023, reflecting a rise of approximately 3.96%[6]. - Total liabilities decreased to RMB 1,624,103 thousand as of June 30, 2024, down from RMB 1,891,769 thousand as of December 31, 2023, representing a reduction of about 14.14%[6]. - Current liabilities totaled RMB 1,615,649 thousand as of June 30, 2024, compared to RMB 1,889,979 thousand as of December 31, 2023, indicating a decrease of approximately 14.48%[6]. - Non-controlling interests decreased significantly to RMB 303,903 thousand as of June 30, 2024, from RMB 624,866 thousand as of December 31, 2023[6]. - The total equity and liabilities combined amounted to RMB 2,416,995 thousand as of June 30, 2024, down from RMB 3,077,045 thousand as of December 31, 2023, a decrease of approximately 21.5%[6]. - Accounts payable and notes payable increased to RMB 376,895,000 as of June 30, 2024, compared to RMB 292,924,000 as of December 31, 2023, representing a growth of approximately 28.6%[32]. - Total borrowings increased to RMB 447,831,000 as of June 30, 2024, from RMB 406,473,000 as of December 31, 2023[34]. - The total liabilities, including accounts payable and other payables, amounted to RMB 515,087,000 as of June 30, 2024, compared to RMB 432,122,000 as of December 31, 2023[32]. Sales and Revenue Segments - The technology retail segment generated sales revenue of RMB 125,594 thousand, while the smart industry segment contributed RMB 5,779,115 thousand, indicating a significant reliance on the latter for overall revenue[15]. - The smart industry segment's sales revenue decreased to approximately RMB 5,698 million from RMB 7,068 million in the first half of 2023, reflecting a significant decline due to weakened demand from downstream textile enterprises[37]. - The revenue for the "Mianlian" segment decreased by approximately 19.4% compared to the first half of 2023 due to external market conditions[45]. - In the first half of 2024, the company achieved operating revenue of approximately RMB 693.5 million, representing a year-on-year growth of about 13.15%[44]. - The net profit for the same period was approximately RMB 100.8 million, reflecting a year-on-year increase of about 21.12%[44]. - The digital identity technology and solutions service segment generated revenue of RMB 36,090 thousand for the six months ended June 30, 2024, compared to RMB 27,822 thousand in the same period of 2023, indicating growth in this area[16]. - The company reported other income of RMB 14,384 thousand for the six months ended June 30, 2024, compared to RMB 7,243 thousand in the same period of 2023, reflecting an increase in additional revenue streams[15]. Strategic Developments - The group announced the sale of its stake in Beijing Huicong Internet Information Technology Co., Ltd. on November 28, 2023, with completion expected by February 27, 2024[7]. - The group’s financial performance for the six months ending June 30, 2024, will include results from discontinued operations due to the sale of Huicong Internet[7]. - The group has suspended operations of its e-commerce platform Huicong.com since 2022, with a gradual closure of related entities[13]. - The company completed the sale of its entire equity interest in Huicong Interconnect for a cash consideration of RMB 5,000,000 thousand on February 27, 2024, which was classified as discontinued operations[18]. - The company has completed the sale of Huicong Internet, eliminating any equity holdings in the company post-sale[38]. - The company is in the process of listing Zhaoxin Co., Ltd. on the Beijing Stock Exchange, pending regulatory approval[58]. - The company is investing heavily in R&D, with an allocation of $50 million for the development of new technologies in the upcoming year[70]. - Market expansion efforts include entering three new international markets, expected to contribute an additional $20 million in revenue[70]. - The company has completed a strategic acquisition, enhancing its product portfolio and expected to generate $10 million in synergies over the next two years[70]. Operational Efficiency and Future Outlook - The company aims to improve operational efficiency, targeting a 10% reduction in costs through process optimization[70]. - The management highlighted a 30% increase in quarterly revenue, reaching $200 million, compared to the previous quarter[70]. - New product launches are anticipated to boost sales by 20% in the next quarter, with a focus on innovative features[70]. - The board expressed confidence in achieving the annual performance guidance, with a target of $800 million in total revenue[70]. - The company plans to enhance customer engagement through digital platforms, aiming for a 40% increase in online interactions[70]. - The company confirmed compliance with the corporate governance code during the reporting period[67]. - The company reported a significant increase in user data, with a growth rate of 25% year-over-year in active users[70].

Financial Performance - Total revenue and income for 2023 reached RMB 18,535,437, an increase of 9.8% from RMB 16,883,681 in 2022[19] - The company reported a loss attributable to equity holders of RMB 1,829,540 in 2023, compared to a loss of RMB 224,306 in 2022[19] - Basic and diluted loss per share for 2023 was RMB (1.3967), a significant decline from RMB (0.1712) in 2022[19] - The Group generated total revenue of approximately RMB18,448,063,000 in 2023, representing an increase of approximately 9.9% compared to RMB16,779,956,000 in 2022[37] - The technology-driven new retail segment recorded revenue of approximately RMB1,209,833,000 in 2023, a decrease of approximately 19.5% from RMB1,502,786,000 in 2022[38] - Revenue from the smart industries segment increased from approximately RMB15,198,337,000 in 2022 to approximately RMB17,225,282,000 in 2023, representing an increase of approximately 13.3%[38] - Revenue from the platform and corporate services segment decreased from approximately RMB78,833,000 in 2022 to approximately RMB12,948,000 in 2023[38] - Adjusted net loss for the Group was approximately RMB86,865,000 in 2023, compared to RMB137,886,000 in 2022[33] - Adjusted LBITDA for the Group was approximately RMB(19,398,000) in 2023, an improvement from RMB(32,161,000) in 2022[33] Asset and Liability Management - Net current assets decreased to RMB 742,696 in 2023 from RMB 1,213,488 in 2022, indicating a reduction in liquidity[19] - Total assets fell to RMB 3,077,045 in 2023, down from RMB 6,657,858 in 2022, reflecting a significant contraction in the company's asset base[19] - Total liabilities decreased to RMB 1,891,769 in 2023 from RMB 3,379,229 in 2022, showing improved debt management[19] - Total equity dropped to RMB 1,185,276 in 2023, down from RMB 3,278,629 in 2022, indicating a decline in shareholder value[19] Impairment and Losses - Impairment loss for goodwill and intangible assets related to the technology-driven new retail business was approximately RMB1,019.7 million in 2023, significantly up from approximately RMB26.1 million in 2022[41] - The impairment loss included losses from discontinued operations, including asset sales and the impairment of receivables and interest[43] - The loss from discontinued operations was approximately RMB774.5 million for the year, significantly higher than the RMB76 million loss in 2022[55] - Impairment loss on financial assets increased to approximately RMB401.1 million from RMB85.5 million in 2022, driven by overdue loans and macroeconomic factors[57] Strategic Focus and Business Development - The company aims to enhance user stickiness and industry influence through technology-driven new retail strategies[13] - The smart industries segment focuses on vertical development and integration of IoT solutions for digital transformation[15] - The company is committed to empowering traditional industries with internet and data solutions as part of its long-term vision[13] - The Group aims to lead the "Industrial Internet" sector in China, focusing on enhancing industrial efficiency and empowering supply chains[65] - The company aims to enhance core capabilities by pursuing the development of AIGC, optimizing APP monetization, and exploring diverse ecosystem cooperation models[75] Management and Governance - The company has a strong leadership team with diverse backgrounds in technology and management[159] - The Group's strategic focus includes expanding its presence in the TMT field, leveraging management expertise[155] - The Company is committed to maintaining high standards of corporate governance and transparency in its operations[170] - The financial department is led by experienced professionals, ensuring robust financial management and compliance with regulatory standards[186] Financing Services and Loans - The Group's financing services business contributed less than 0.1% of total revenue in the year, with a decision made to dispose of this segment due to operational challenges[95] - As of December 31, 2023, the Group's outstanding loans receivables from financing services amounted to approximately RMB1,636 million[96] - The decision to sell the financing services business was influenced by a challenging operating environment and high operational costs[99] - The Group has established mechanisms to cover credit risk in key operational phases of micro-credit financing services, including pre-lending evaluations and post-lending monitoring[116] Economic Environment and Market Challenges - The overall economic momentum is yet to fully recover post-COVID-19, impacting the Group's operational environment[140] - The emergence of AI tools has reshaped the market landscape, reducing the competitive advantage of specialized editors and creators, impacting ZOL's business outlook and potential profitability[72] - ZOL's traditional media business has been significantly impacted by the economic downturn and the rapid penetration of AI applications, leading to a drastic reduction in advertising budgets from contract customers[72]

Financial Performance - The company reported a total revenue of RMB 18,447,807 thousand for the year, with a significant loss of RMB 1,019,680 thousand attributed to goodwill and intangible asset impairment[16]. - The company reported a loss before tax of RMB 1,879,690 thousand for the year, indicating significant financial challenges[16]. - The loss attributable to equity holders of the company for the year was approximately RMB 1,829,540,000, an increase from RMB 224,306,000 in the previous year, mainly due to impairment losses related to new technology businesses and losses from discontinued operations[38]. - The company reported a total comprehensive loss for the year of RMB 1,960 million, compared to RMB 266 million in 2022[120]. - The company’s total sales revenue and income from financing services was RMB 16,779,398,558 for the year ended December 31, 2022[1]. - The company’s goodwill and intangible asset impairment losses totaled RMB 224,966,000 for the year ended December 31, 2023[1]. - The company recorded other income of approximately RMB 180,746,000 from the sale of Tianjin Guokai, which partially offset the losses incurred[189]. - The company reported a total loss from discontinued operations of RMB 955,236,000 in 2023, compared to a loss of RMB 76,437,000 in 2022[48]. Assets and Liabilities - In 2023, the total assets of the company amounted to RMB 3,077,045 thousand, a decrease of approximately 53.8% compared to RMB 6,657,858 thousand in 2022[4]. - The total liabilities decreased to RMB 1,891,769 thousand in 2023, down from RMB 3,379,229 thousand in 2022, representing a reduction of about 44%[5]. - The company’s current assets decreased to RMB 2,632,675 thousand in 2023, down from RMB 4,559,924 thousand in 2022, representing a decline of approximately 42.3%[4]. - The non-current assets totalled RMB 444,370 thousand in 2023, a decrease of about 78.8% from RMB 2,097,934 thousand in 2022[4]. - As of December 31, 2023, the total external borrowings of the group were approximately RMB 406,473,000, down from RMB 1,070,277,000 on December 31, 2022[39]. - The company’s net asset to net debt ratio was -19%, indicating a negative capital structure, with equity attributable to equity holders decreasing from approximately RMB 2,509,118,000 to RMB 560,410,000[40]. - The company’s bank borrowings stood at RMB 10,000,000 as of December 31, 2023, down from RMB 50,000,000 in the previous year[104]. Revenue Segments - The company’s revenue from the technology new retail segment was RMB 1,209,833 thousand, while the financing service income was RMB 17,225,282 thousand[16]. - The total sales revenue for the technology new retail segment was approximately RMB 1,209,833,000 in 2023, a decrease of about 19.5% from RMB 1,502,786,000 in 2022[61]. - The smart industry segment's sales revenue increased by approximately 13.3% to RMB 17,225,282,000 in 2023 from RMB 15,198,337,000 in 2022[61]. - Sales revenue for the year was derived from three main business segments: New Retail Technology (approximately 6.6%), Smart Industry (approximately 93.3%), and Platform and Enterprise Services (approximately 0.1%)[193]. Operational Changes - The company has terminated certain business operations, which have been classified as discontinued operations in the financial statements[15]. - The group has decided to refocus resources on its core business by selling or terminating certain non-profitable ventures, which aligns with its long-term strategic goals[190]. - The company plans to focus on core business segments, including ZOL, Zhao Xin Co., and Mian Lian, while balancing operational costs and risks[74]. - The company has submitted an application for the public offering and listing of Zhao Xin Co. on the Beijing Stock Exchange, which is currently under review[75]. - The group is integrating cloud computing, IoT, and AI technologies into a comprehensive digital solution for brand enterprises, enhancing supply chain agility and data-driven decision-making[196]. Management and Strategy - The company aims to become a leader in China's "industrial internet" by enhancing industry efficiency and empowering supply chains through internet-based tools and strategies[41]. - The company has established a one-stop managed service for brands, enhancing marketing capabilities and helping brands effectively reach various consumer segments[43]. - The company is closely monitoring changes in the industry landscape, particularly the impact of post-pandemic content consumption shifts and the rise of artificial intelligence[29]. - The company aims to enhance content capabilities by expanding its information pool and leveraging cross-industry resources to reach more consumer segments[195]. - The company has restructured its operations to focus on customer and transaction product resource management in response to market competition[94]. Employee and Cost Management - Total employee costs for continuing operations amounted to approximately RMB 208,612,000, a decrease from RMB 273,422,000 in 2022[79]. - The company has no dividends declared for the year, consistent with the previous year[26]. - The board of directors does not recommend the payment of any final dividend for the year[125]. Market and Industry Insights - The traditional media business has struggled to attract new clients and capitalize on post-pandemic economic recovery due to clients' cautious advertising spending[194]. - The company has expanded its market share in the cotton and polyester fiber sectors, contributing to significant revenue growth[94]. - The company’s brand influence in the cotton textile industry continues to grow, enhancing its commercial reputation[94].

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佈之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 佈 全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 HC GROUP INC. 慧聰集團有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：02280） 有關二零二二年年報之 補充公佈 茲提述慧聰集團有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）截至二零 二二年十二月三十一日止年度之年報（「該報告」）。除 非 文 義 另 有 所 指，否 則 本 公 佈 所 用 詞 彙 與 該 報 告 所 界 定 者 具 有 相 同 涵 義。 誠 如 該 報 告 所 載，截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度（「報告期間」），本 集 團 之 銷 售 收 入 來 自 於 其 三 大 業 務 板 塊，分 別 為：科 技 新 零 售 事 業 群、智 慧 產 業 事 業 群 及 平 台 與 企 業 服 務 事 業 群。於 報 告 期 間，平 ...

Financial Performance - Total sales revenue for the six months ended June 30, 2023, was approximately RMB 8,906.3 million, an increase of about RMB 2,789.4 million or approximately 45.6% compared to RMB 6,116.9 million in the same period of 2022[5]. - Adjusted net profit for the period was approximately RMB 13.4 million, a significant improvement from an adjusted net loss of approximately RMB 48.1 million in the first half of 2022[5]. - Adjusted EBITDA for the period was approximately RMB 69.4 million, compared to approximately RMB 9.9 million in the same period of 2022[5]. - The loss attributable to equity holders for continuing operations was approximately RMB 809.7 million, compared to a loss of approximately RMB 74.7 million in the same period of 2022[5]. - The company reported a net loss of RMB 843,591,000 for the six months ended June 30, 2023, compared to a net loss of RMB 74,643,000 in the prior year, indicating a significant increase in losses[52]. - The company recorded a comprehensive loss of RMB 878,426 thousand for the period, compared to a comprehensive loss of RMB 49,905 thousand in the prior year, indicating a substantial increase in losses[60]. Revenue Segments - The sales revenue from the Smart Industry segment increased to approximately RMB 7,808.5 million, up 47.8% from RMB 5,282.7 million in the first half of 2022[7]. - The Technology New Retail segment generated sales revenue of approximately RMB 1,037.4 million, a 41.6% increase from RMB 732.5 million in the same period of 2022[7]. - The "Mianlian" platform achieved a sales revenue increase of approximately 173% to about RMB 7,068 million in the first half of 2023, compared to RMB 2,591 million in the same period of 2022[17]. - Revenue from B2B product sales was RMB 8,642,541,000, up from RMB 5,824,483,000, reflecting a growth of 48.5% year-over-year[104]. Impairments and Losses - The company recorded a goodwill impairment of approximately RMB 719.4 million due to underperformance in the Technology New Retail segment[8]. - The company recognized goodwill impairment losses of RMB 719,426,000 during the reporting period, which was not present in the previous year[52]. - The financial assets impairment provision was RMB 177,253 thousand, indicating a significant impact on financial health[98]. Operating Expenses and Costs - Operating expenses decreased from approximately RMB 252.5 million in the first half of 2022 to approximately RMB 239.4 million in the current period, primarily due to reduced employee costs and commissions[7]. - The company’s administrative expenses decreased to RMB 101,312,000 from RMB 117,227,000, showing a reduction of 13.6% year-over-year[52]. - Financial costs decreased to RMB 21,892,000 from RMB 31,861,000, representing a reduction of 31.3%[108]. Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended June 30, 2023, was RMB 140,655 thousand, a significant increase from RMB 7,949 thousand in the same period of 2022, representing a growth of approximately 1,669%[64]. - The company’s operating cash flow from business activities was RMB 162,058 thousand, a substantial increase from RMB 44,090 thousand in the same period of 2022, reflecting a growth of approximately 267%[64]. - The group’s cash and bank balances were approximately RMB 273.9 million, down from RMB 312.0 million as of December 31, 2022[28]. Assets and Liabilities - Total assets decreased to RMB 4,369,173 thousand as of June 30, 2023, down from RMB 6,657,858 thousand at the end of December 2022, reflecting a reduction of 34.3%[56]. - The company’s total liabilities decreased to RMB 2,011,185 thousand from RMB 3,379,229 thousand, reflecting a reduction of 40.5%[58]. - The group’s total borrowings were approximately RMB 857.9 million, a decrease from RMB 1,070.3 million as of December 31, 2022, with bank borrowings averaging an interest rate of 5.57%[28]. Strategic Initiatives - The company aims to enhance its core capabilities, marketing capabilities, and content ecosystem to improve user engagement and brand promotion[12][13]. - The company continues to focus on becoming a leading "Industrial Internet" group in China, leveraging internet tools to enhance industry efficiency and empower supply chains[9]. - The company plans to list Zhaoxin Co., Ltd. on the Beijing Stock Exchange, which commenced in the first half of this year, aiming to enhance competitiveness in the innovation sector[28]. Shareholder Information - The group has not declared any interim dividends for the six months ended June 30, 2023, consistent with the previous year[41]. - The total number of issued shares remained at 1,309,931,119 as of June 30, 2023, unchanged from December 31, 2022[167]. - The company’s weighted average number of shares outstanding was 1,309,931,000 for both the six months ended June 30, 2023, and 2022[116]. Financial Risks and Management - The group faces various financial risks including market risk, credit risk, and liquidity risk, which are consistent with those reported in the annual financial statements as of December 31, 2022[76]. - The group’s financial risk management policies have not changed since December 31, 2022, ensuring consistency in risk assessment and management practices[77]. - The group maintains a prudent treasury policy, closely monitoring liquidity to meet funding needs without using financial instruments for hedging[30].