Financial Performance - For the year ended December 31, 2023, revenue decreased by approximately 33.9% to about RMB 190.9 million, compared to RMB 289.0 million in 2022[3] - For the same period, gross profit fell by approximately 70.9% to about RMB 17.6 million, down from RMB 60.4 million in 2022[3] - The company recorded a loss attributable to shareholders of approximately RMB 2.6 million, compared to a profit of RMB 25.0 million in 2022[3] - Basic loss per share for the year was approximately RMB 0.3 cents, compared to basic earnings of RMB 3.6 cents per share in 2022[3] - The total revenue for the year ended December 31, 2023, was RMB 190,944 thousand, a decrease from RMB 288,962 thousand in 2022, representing a decline of approximately 34%[29] - Revenue from the sale of cigarette packaging paper and raw materials was RMB 190,752 thousand, down from RMB 288,726 thousand in the previous year, indicating a significant drop of about 34%[29] - The group recorded a net loss of approximately RMB 2.6 million in FY2023, compared to a profit of about RMB 25.0 million in FY2022, mainly due to the decrease in revenue and gross profit[72] Dividends and Shareholder Returns - The board has resolved not to recommend the payment of a final dividend for the year ended December 31, 2023[3] - The company did not declare or pay any dividends for the year ended December 31, 2023, consistent with 2022[46] - The board has resolved not to recommend the payment of final dividends for fiscal years 2022 and 2023[87] Assets and Liabilities - Total assets increased to RMB 365.1 million in 2023 from RMB 322.8 million in 2022[12] - Total liabilities rose to RMB 144.9 million in 2023 from RMB 100.0 million in 2022[12] - The net current assets decreased to RMB 175.7 million in 2023 from RMB 198.6 million in 2022[12] - As of December 31, 2023, the net book value of property, plant, and equipment is RMB 21,941,000, a decrease from RMB 24,362,000 in 2022, reflecting a reduction of approximately 10%[47] - The total inventory as of December 31, 2023, is RMB 57,726,000, compared to RMB 55,718,000 in 2022, indicating an increase of about 3.6%[49] - Trade receivables as of December 31, 2023, amount to RMB 137,694,000, an increase from RMB 111,346,000 in 2022, which is an increase of about 23.6%[52] - Trade payables as of December 31, 2023, are RMB 69,599,000, up from RMB 62,221,000 in 2022, reflecting an increase of approximately 11.5%[54] Expenses and Cost Management - The company reported a significant reduction in administrative expenses, which decreased to RMB 17.7 million from RMB 30.0 million in 2022[5] - Total expenses for the year 2023 amounted to RMB 199,244 thousand, a decrease of 25.5% from RMB 267,595 thousand in 2022[33] - Research and development expenses decreased to RMB 7,267 thousand in 2023 from RMB 12,045 thousand in 2022, reflecting a reduction of 39.5%[33] - The company recorded a decrease in material and goods costs to RMB 166,123 thousand in 2023 from RMB 226,471 thousand in 2022, a reduction of 26.7%[33] - The cost of sales for the year ended December 31, 2023, is RMB 169,245,000, down from RMB 227,756,000 in 2022, representing a decrease of approximately 25.7%[50] Operational Insights - The company operates primarily in China, with all business activities conducted within this market during the reporting period[28] - The company has a single operating segment for strategic decision-making purposes, focusing on the manufacturing and sales of cigarette packaging paper[28] - The company anticipates stable demand for tobacco products despite government smoking control policies, with an expected increase in demand for mid-to-high-end cigarette packaging materials[58] - The company plans to continue optimizing resources and developing effective strategies to increase market share in the future[58] - The company has experienced a temporary decrease in orders for transfer paper and composite paper due to regulatory changes in cigarette packaging policies[57] Financial Position and Commitments - As of December 31, 2023, the group had cash and cash equivalents totaling approximately RMB 95.1 million, down from RMB 110.3 million as of December 31, 2022[73] - The group's bank borrowings amounted to RMB 30.0 million as of December 31, 2023, compared to zero on December 31, 2022[73] - The capital debt ratio as of December 31, 2023, was approximately 13.6%, compared to zero on December 31, 2022[74] - The group has no significant future investment or capital asset plans as of December 31, 2023[82] - The group has not made any significant investments, acquisitions, or sales involving subsidiaries or joint ventures during fiscal year 2023[83] Employee and Operational Metrics - The group had a total of 113 employees as of December 31, 2023, a decrease from 117 employees on December 31, 2022[88] - Total employee costs for fiscal year 2023 were approximately RMB 12.4 million, compared to RMB 13.7 million in fiscal year 2022, reflecting a decrease of about 9.5%[88] Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance[18] - The Group's annual performance for the fiscal year 2023 has been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and listing rules[97] - The annual general meeting is scheduled for May 24, 2024, with a suspension of share transfer registration from May 21 to May 24, 2024[98] - There have been no purchases, sales, or redemptions of the company's listed securities as of December 31, 2023[99] - The financial figures in the preliminary announcement for the year ending December 31, 2023, have been agreed upon by the Group's auditor, consistent with the audited consolidated financial statements[102]

WEILI HOLDINGS LIMITED 偉立控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號：2372 中期 報告 Interim Report 中期報告 2023 WEIli Holdings Limited 偉立控股有限公司 偉立控股有限公司 二零二三年中期報告 目 錄 | 公司資料 | 2 | | --- | --- | | 中期簡明綜合收益表 | 4 | | 中期簡明綜合全面收益表 | 5 | | 中期簡明綜合財務狀況表 | 6 | | 中期簡明綜合權益變動表 | 8 | | 中期簡明綜合現金流量表 | 9 | | 中期簡明綜合財務資料附註 | 10 | | 管理層討論及分析 | 31 | | 企業管治及其他資料 | 38 | 偉立控股有限公司 二零二三年中期報告 偉立控股有限公司 二零二三年中期報告 公司資料 董事會 執行董事 陳偉莊先生 （主席） 余天兵先生 （行政總裁） 非執行董事 胡浩然先生 劉一敏先生 （主席） 馮苑女士 余天兵先生 公司秘書 余子敖先生 (HKICPA) 授權代表 獨立非執行董事 劉一敏先生 陳仰德先生 馮苑女士 審核委員會 陳仰德先生 （主席） 劉一敏先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任 何損失承擔任何責任。 WEIli Holdings Limited 偉 立 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：2372） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 公 告 中 期 業 績 摘 要 • 截 至2023年6月30日 止 六 個 月，收 益 減 少 約67.5%至 約 人 民 幣63.6百 萬元（截至2022年6月30日止六個月：約人民幣195.5百萬元）。 • 截 至2023年6月30日 止 六 個 月，毛 利 減 少 約88.2%至 約 人 民 幣5.2百 萬元（截至2022年6月30日止六個月：約人民幣43.9百萬元）。 • 截 至2023年6月30日 止 六 個 月，本 集 團 錄 得 本 公 司 股 東 應 佔 虧 損 約 人 民 幣3.9百 萬 元（截 至2022年6月30日 止 六 個 月：本 公 司 股 東 應 佔 溢利約人民幣20.0百萬元 ...

Financial Performance - The total revenue for the fiscal year 2022 was approximately RMB 289.0 million, a decrease of about 22.0% compared to RMB 370.3 million in the fiscal year 2021[11]. - Gross profit for the fiscal year 2022 was approximately RMB 60.4 million, down RMB 21.4 million or 26.2% from RMB 81.8 million in the fiscal year 2021, resulting in a gross margin decrease from 22.1% to 20.9%[11]. - The profit attributable to shareholders for the fiscal year 2022 was approximately RMB 25.0 million, compared to RMB 35.7 million in the fiscal year 2021[11]. - The overall revenue of the company decreased by approximately RMB 81.3 million or 22.0% to about RMB 289.0 million for the fiscal year 2022, compared to approximately RMB 370.3 million for fiscal year 2021[20]. - Total comprehensive income decreased by approximately RMB 10.7 million or 30.0% to about RMB 25.0 million for fiscal year 2022, compared to approximately RMB 35.7 million for fiscal year 2021[31]. - The cost of sales decreased by approximately RMB 60.0 million or 20.8% to about RMB 228.5 million for fiscal year 2022, from approximately RMB 288.5 million in fiscal year 2021[21]. - Employee costs for the fiscal year 2022 totaled approximately RMB 137 million, an increase from RMB 121 million in the previous fiscal year[49]. Operational Challenges - The company faced operational challenges due to power shortages in Hubei Province and COVID-19 restrictions, impacting customer orders and overall performance[15][16]. - The operational adjustments made in response to local government requests during power shortages posed challenges to maintaining optimal production levels[16]. Market Outlook - Future demand for tobacco products is expected to remain stable despite government anti-smoking policies, with an anticipated increase in demand for mid-to-high-end cigarette packaging due to rising consumer purchasing power[12]. - The company expects stable demand for tobacco products in China despite government smoking control policies, with an anticipated increase in demand for mid-to-high-end cigarettes due to rising purchasing power[50]. Corporate Governance - The company adheres to high standards of corporate governance and has complied with the applicable code provisions since the listing date[71]. - The board is responsible for formulating business policies and strategies, ensuring sufficient resources, and the effectiveness of internal control systems[73]. - The board consists of six directors, including two executive directors, one non-executive director, and three independent non-executive directors[74]. - The board is committed to ensuring at least three independent non-executive directors, meeting the independence requirements of the listing rules[80]. - All independent non-executive directors confirmed their independence and there are no circumstances affecting their independence[80]. - The company has established a mechanism to ensure strong independence elements within the board[81]. - The board has adopted a diversity policy to enhance performance quality and support strategic goals[89]. Shareholder Communication - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of the group's operational performance and strategies[126]. - The company has adopted a shareholder communication policy to ensure transparency and timely disclosure of information to facilitate optimal investment decisions[128]. - The company encourages shareholders to provide updated contact information to ensure timely and effective communication[131]. - Shareholders holding at least 10% of the paid-up capital can request the board to convene a special general meeting within two months of the request[122]. - The company has established procedures for shareholders to propose inquiries and convene special meetings, ensuring transparency and shareholder rights[120]. Capital Management - The company decided not to declare a final dividend for fiscal year 2022, while a dividend of approximately RMB 37.9 million was declared for fiscal year 2021[44]. - The company has adopted a dividend policy aimed at balancing shareholder interests with prudent capital management, with no predetermined dividend payout ratio[158]. - The company had cash and cash equivalents totaling approximately RMB 110.3 million as of December 31, 2022, compared to approximately RMB 58.6 million as of December 31, 2021[34]. - The company had no bank borrowings as of December 31, 2022, down from RMB 10.0 million as of December 31, 2021[34]. Board Composition and Diversity - Liu Yimin appointed as independent non-executive director on June 2, 2022, with over 8 years of corporate management experience[60]. - Chen Yangde appointed as independent non-executive director on June 2, 2022, with over 15 years of experience in auditing, accounting, and financial management[63]. - Feng Yuan appointed as independent non-executive director on June 2, 2022, with over 10 years of experience in IT business management[64]. - Li Xiaoli serves as Chief Financial Officer with over 30 years of experience in accounting and financial management[65]. - Bao Zhigang serves as Chief Technology Officer with over 15 years of experience in the paper industry[67]. - Song Zhengmei serves as Chief Product Officer with over 10 years of experience in product quality control[68]. - As of December 31, 2022, the gender ratio of the company's employees (including senior management) is approximately 80:37, indicating a commitment to gender diversity[91]. - The company has established a board diversity policy, ensuring at least one female board member and plans to increase this number over the next five years[90]. Risk Management - The company faced various risks and uncertainties as outlined in the "Risk Factors" section of the prospectus[160]. - The board is responsible for maintaining effective internal controls and risk management systems, ensuring shareholder interests and asset protection[118]. - The audit committee assists the board in reviewing the effectiveness of the internal control and risk management systems, with annual assessments conducted[118]. Related Party Transactions - The group reported that the largest customer accounted for approximately 21.1% of total revenue in the year, down from 25.4% in 2021, while the top five customers represented 74.9% of total revenue, slightly decreasing from 75.4% in 2021[145]. - The group’s largest supplier accounted for about 23.4% of total procurement, an increase from 22.6% in 2021, and the top five suppliers represented approximately 55.8% of total procurement, up from 54.0% in 2021[145]. - The related party transactions disclosed in the financial statements do not meet the definitions of "connected transactions" or "continuing connected transactions" under the listing rules[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任 何損失承擔任何責任。 WEIli Holdings Limited 偉 立 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：2372） 截 至2022年12月31日 止 年 度 的 年 度 業 績 公 告 財 務 摘 要 • 截 至2022年12月31日 止 年 度，收 益 減 少 約22.0%至 約 人 民 幣289.0百 萬元（2021年：約人民幣370.3百萬元）。 • 截 至2022年12月31日 止 年 度，毛 利 減 少 約26.2%至 約 人 民 幣60.4百 萬 元（2021年：約人民幣81.8百萬元）。 • 截至2022年12月31日止年度，本集團錄得本公司股東應佔溢利約人 民幣25.0百萬元（2021年：約人民幣35.7百萬元）。 • 截至2022年12月31日止年度，每股基本盈利約為人民幣3.6分（2021年： 約人民幣5.9分）。 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 195,529 thousand, a decrease of 6.3% from RMB 208,001 thousand in the same period of 2021[14]. - Gross profit for the same period was RMB 43,888 thousand, down 13.7% from RMB 50,866 thousand in 2021[14]. - Operating profit decreased to RMB 23,590 thousand, a decline of 20.2% compared to RMB 29,548 thousand in the previous year[14]. - Net profit for the period was RMB 19,966 thousand, representing a decrease of 19.5% from RMB 24,865 thousand in 2021[14]. - Basic and diluted earnings per share were RMB 0.03, down from RMB 0.04 in the same period last year[14]. - The company achieved a profit of RMB 19,966 thousand for the six months ended June 30, 2022, compared to a profit of RMB 24,865 thousand for the same period in 2021, showing a decrease of approximately 19.1%[28]. - Total profit and comprehensive income decreased from approximately RMB 24.9 million for the six months ended June 30, 2021, to approximately RMB 20.0 million in the reporting period, a decrease of approximately RMB 4.9 million or 19.7%[147]. Assets and Liabilities - Total assets as of June 30, 2022, were RMB 27,056 thousand, a decrease from RMB 28,607 thousand at the end of 2021[19]. - As of June 30, 2022, total assets amounted to RMB 383,058 thousand, an increase from RMB 293,726 thousand as of December 31, 2021, representing a growth of approximately 30.4%[23]. - Total equity reached RMB 218,130 thousand as of June 30, 2022, compared to RMB 100,997 thousand as of December 31, 2021, indicating a significant increase of about 116.5%[28]. - The total liabilities decreased to RMB 164,928 thousand as of June 30, 2022, down from RMB 192,729 thousand as of December 31, 2021, reflecting a reduction of approximately 14.5%[25]. - The company's total liabilities, including trade payables and bank borrowings, amounted to RMB 149,168,000 as of June 30, 2022, compared to RMB 128,258,000 as of December 31, 2021[113]. Cash Flow and Financing - The company reported a net cash inflow from operating activities of RMB 23,802 thousand for the six months ended June 30, 2022, a recovery from a cash outflow of RMB 13,535 thousand in the same period of 2021[30]. - The company incurred financing costs of RMB 209 thousand, a significant decrease from RMB 545 thousand in the previous year[14]. - The company's cash and cash equivalents at the end of the period were RMB 45,925 thousand, a decrease from RMB 58,578 thousand at the beginning of the period, representing a decline of about 21.6%[30]. - The weighted average effective interest rate on bank borrowings was 3.85% as of June 30, 2022, down from 5.32% as of December 31, 2021[116]. Revenue Sources - For the six months ended June 30, 2022, the revenue from cigarette packaging paper sales was RMB 195,283,000, a decrease of 6% from RMB 207,914,000 in the same period of 2021[60]. - The processing service income increased significantly to RMB 246,000, compared to RMB 87,000 in the previous year, marking a growth of 183%[60]. - The company received government subsidies related to revenue amounting to RMB 333,000, while other income totaled RMB 1,078,000 for the first half of 2022, compared to RMB 653,000 in 2021[65]. Operational Challenges - The company faces challenges in operations due to COVID-19 outbreaks and record high temperatures leading to power shortages in key regions[136]. - The company has voluntarily adjusted its operating hours to comply with local government requests to manage electricity supply, which may impact production capacity[136]. Employee and Governance - The total employee cost incurred by the company was approximately RMB 62 million, compared to RMB 60 million for the same period in 2021, reflecting a year-on-year increase of about 3.33%[164]. - The company had a total of 125 employees as of June 30, 2022, up from 114 employees as of June 30, 2021, indicating an increase of approximately 9.65% in workforce size[164]. - The company has complied with the corporate governance code as per the listing rules since its listing date on June 30, 2022[167]. Shareholder Information - As of June 30, 2022, Mr. Chen Wei Zhuang held 339,040,000 shares, representing 42.38% of the company's equity, through a controlled corporation[171]. - Mr. Yu Tian Bing held 96,000,000 shares, representing 12.00% of the company's equity, also through a controlled corporation[171]. - The major shareholder, Cheng Yi, holds 339,040,000 shares, which is 42.38% of the company's equity[176].