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倚賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 HUAJIN INTERNATIONAL HOLDINGS LIMITED 華津國際控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2738） 截 至2024年12月31日止年度 之全年業績 華 津 國 際 控 股 有 限 公 司（「本 公 司」，連 同 其 附 屬 公 司 統 稱「本 集 團」）之 董 事（「董 事」）會（「董 事 會」）欣 然 公 佈 下 述 根 據 香 港 財 務 報 告 準 則 編 製 之 本 集團截至2024年12月31日止年度的綜合業績並連同截至2023年12月31日 止 年 度 的 比 較 數 據。 截 至2024年12月31日止年度 – 1 – 綜合損益及其他全面收益表 | | | | | | | | | | | | | 2024年 | 2023年 | | -- ...

Revenue and Sales Performance - Revenue increased by 7.7% to RMB 3,206.5 million compared to RMB 2,976.8 million in the same period last year[4] - Total revenue for the six months ended June 30, 2024, was RMB 3,206,463,000, up from RMB 2,976,775,000 in the same period in 2023[24] - Revenue from cold-rolled steel products increased to RMB 1,669,663,000 in 2024 from RMB 1,572,966,000 in 2023, while revenue from galvanized steel products decreased to RMB 1,148,899,000 from RMB 1,178,601,000[24] - Revenue from customers in China (including Hong Kong) accounted for RMB 3,173,171,000 in 2024, compared to RMB 2,972,129,000 in 2023, while revenue from Southeast Asia increased to RMB 33,292,000 from RMB 4,646,000[27] - Revenue for the first half of 2024 increased by RMB 229.7 million or 7.7% to RMB 3,206.5 million compared to RMB 2,976.8 million in the same period of 2023[67] - Domestic sales in China contributed over 98.9% of revenue, with the remaining portion coming from sales to Southeast Asian customers[70] Profitability and Margins - Gross profit decreased by 32.4% to RMB 94.2 million, with a gross margin of 2.9%, down from 4.7% in the previous year[4] - Net profit attributable to the company's owners dropped by 57.1% to RMB 39.4 million, with a net profit margin of 0.5%, down from 1.3%[4] - Gross profit decreased to RMB 94.2 million in the first half of 2024 from RMB 139.3 million in the same period of 2023, with the gross profit margin dropping to 2.9% from 4.7%[77] - Net profit attributable to the company's owners decreased to RMB 16,885,000 in the first half of 2024, compared to RMB 39,446,000 in the same period in 2023[31] - The company's profit attributable to owners was approximately RMB 16.9 million in the first half of 2024, compared to RMB 39.4 million in the same period in 2023, with a net profit margin of 0.5% in 2024, down from 1.3% in 2023[85] Sales Volume and Pricing - Sales volume increased by 3.5% to 678,887 tons, while the average processing fee per ton decreased by 0.5% to RMB 439[4] - Total sales volume of cold-rolled steel and galvanized steel products increased by 23,059 tons or 3.5% to 678,887 tons in the first half of 2024 compared to 655,828 tons in the same period of 2023[67] - Cold-rolled steel product sales volume increased by 36,381 tons or 9.5% to 419,978 tons in the first half of 2024, while galvanized steel product sales volume decreased by 13,322 tons or 4.9% to 258,909 tons[70] - The average selling price of cold-rolled steel products decreased from RMB 4,249 per ton in the first half of 2023 to RMB 4,137 per ton in the first half of 2024, while the average selling price of galvanized steel products increased from RMB 4,329 per ton to RMB 4,437 per ton[70] Financial Position and Liabilities - Net asset value increased by 3.3% to RMB 531.9 million, with net asset value per share rising by 3.5% to RMB 0.89[4] - Total borrowings increased by 26.6% to RMB 2,882.7 million, leading to a gearing ratio of 542.0%, up from 442.6%[4] - Property, plant, and equipment increased to RMB 1,783.2 million from RMB 1,402.3 million, reflecting significant capital investment[10] - Trade receivables and other receivables rose to RMB 1,490.5 million, indicating an increase in credit sales[10] - Current liabilities increased to RMB 2,670.4 million, with short-term borrowings rising to RMB 1,845.2 million[10] - The company's cash and bank balances decreased to RMB 52.0 million from RMB 98.4 million, reflecting reduced liquidity[10] - Non-current liabilities increased to RMB 1,052,612 thousand as of June 30, 2024, compared to RMB 1,028,911 thousand at the end of 2023[11] - Net asset value rose to RMB 531,884 thousand as of June 30, 2024, up from RMB 514,749 thousand at the end of 2023[11] - The company's equity attributable to owners increased to RMB 529,960 thousand as of June 30, 2024, from RMB 512,825 thousand at the end of 2023[11] - The company's current liabilities exceeded its current assets by RMB 510,737,000 as of June 30, 2024, with contracted but unprovided capital commitments of RMB 185,794,000, of which RMB 156,517,000 is expected to be paid within the next 12 months[15] - The total bank financing for the company, including bank borrowings and bills payable, was approximately RMB 1,779,420,000 as of June 30, 2024, with RMB 1,129,200,000 utilized and RMB 650,220,000 unused[15] - The company's total borrowings increased to RMB 2.882 billion as of June 30, 2024, up from RMB 2.277 billion as of December 31, 2023, with fixed-rate borrowings accounting for RMB 2.636 billion[46] - Short-term borrowings (due within one year) increased to RMB 1.615 billion as of June 30, 2024, compared to RMB 1.145 billion as of December 31, 2023[46] - The company's secured borrowings increased to RMB 1.39 billion as of June 30, 2024, up from RMB 1.219 billion as of December 31, 2023[46] - The company's non-current liabilities related to borrowings decreased to RMB 928.724 million as of June 30, 2024, from RMB 952.563 million as of December 31, 2023[46] - The company's total borrowings increased to approximately RMB 2,882.7 million as of June 30, 2024, compared to RMB 2,277.9 million as of December 31, 2023, with a gearing ratio of 5.42 times, up from 4.43 times[87] Cash Flow and Liquidity - Operating cash flow before working capital changes was RMB 72,001 thousand for the six months ended June 30, 2024[13] - Net cash used in operating activities was RMB 603,779 thousand for the six months ended June 30, 2024[13] - Net cash used in investing activities was RMB 396,883 thousand for the six months ended June 30, 2024[14] - Net cash generated from financing activities was RMB 954,332 thousand for the six months ended June 30, 2024[14] - Cash and cash equivalents decreased by RMB 46,330 thousand during the six months ended June 30, 2024[14] - The company raised new borrowings of RMB 1,579,675 thousand during the six months ended June 30, 2024[14] - Repayment of borrowings amounted to RMB 557,231 thousand during the six months ended June 30, 2024[14] - The company generated a net cash outflow of RMB 46,330,000 and a net operating cash outflow of RMB 603,779,000 for the six months ended June 30, 2024[15] - The company's bank balances and cash decreased by RMB 46.4 million or 47.2% to approximately RMB 52.0 million as of June 30, 2024, compared to December 31, 2023, while restricted bank deposits increased by RMB 107.4 million or 43.4% to RMB 355.1 million[85] Expenses and Costs - Financial costs for the six months ended June 30, 2024, were RMB 53,216,000, up from RMB 35,072,000 in the same period in 2023, primarily due to increased interest expenses on borrowings[28] - The company's income tax expense for the six months ended June 30, 2024, was RMB 2,592,000, down from RMB 8,831,000 in the same period in 2023[29] - Employee benefits expenses increased to RMB 70,288,000 in the first half of 2024, up from RMB 60,445,000 in the same period in 2023[30] - Property, plant, and equipment depreciation amounted to RMB 51,120,000 in the first half of 2024, compared to RMB 45,873,000 in the same period in 2023[30] - Direct materials accounted for 92.1% of the cost of sales in the first half of 2024, primarily due to increased sales of cold-rolled steel products and hot-rolled steel coils[75] - Other income, other gains, and losses increased to approximately RMB 24.5 million in the first half of 2024, up by RMB 22.5 million or 1,125.0% compared to the same period in 2023, primarily due to VAT credits, unrealized gains from commodity futures contracts, and penalty income from scrap steel sales[78] - Sales expenses decreased to approximately RMB 16.8 million in the first half of 2024, down by RMB 17.1 million or 50.4% compared to the same period in 2023, mainly due to reduced delivery costs[79] - Administrative expenses increased to approximately RMB 36.9 million in the first half of 2024, up by RMB 9.9 million or 36.7% compared to the same period in 2023, driven by increases in salaries, employee compensation, consumables, and depreciation of right-of-use assets[80] - Investment income was approximately RMB 6.1 million in the first half of 2024, compared to RMB 0.5 million in the same period in 2023, mainly due to realized gains from commodity futures contracts[82] - Financial costs increased to approximately RMB 53.2 million in the first half of 2024, up by RMB 18.1 million or 51.6% compared to the same period in 2023, primarily due to higher borrowing levels[83] Receivables and Payables - Trade receivables increased to RMB 108,186,000 as of June 30, 2024, up from RMB 82,279,000 as of December 31, 2023[35] - Notes receivable surged to RMB 432,395,000 as of June 30, 2024, compared to RMB 234,474,000 as of December 31, 2023[35] - Trade receivables aged within 30 days increased to RMB 92,128,000 as of June 30, 2024, up from RMB 70,339,000 as of December 31, 2023[37] - Notes receivable aged between 121 to 180 days increased significantly to RMB 211,470,000 as of June 30, 2024, compared to RMB 47,254,000 as of December 31, 2023[37] - The company transferred receivables worth RMB 294.1 million as of June 30, 2024, compared to RMB 175.4 million as of December 31, 2023, with full recourse arrangements similar to previous periods[39] - Trade payables decreased to RMB 103.223 million as of June 30, 2024, from RMB 109.671 million as of December 31, 2023[40] - Trade payables aged within 30 days decreased to RMB 44.449 million as of June 30, 2024, from RMB 48.305 million as of December 31, 2023[42] - The company's total trade payables (excluding endorsed bills) decreased to RMB 76.146 million as of June 30, 2024, from RMB 106.104 million as of December 31, 2023[42] Capital Expenditures and Investments - The company acquired property, plant, and equipment with construction costs of RMB 432,236,000 in the first half of 2024, a significant increase from RMB 79,547,000 in the same period in 2023[34] - The company obtained a new land use right for RMB 41,613,000 in the first half of 2024, compared to RMB 25,710,000 in the same period in 2023[34] - Capital commitments for the acquisition of property, plant, and equipment amounted to RMB 185,794 thousand as of June 30, 2024[54] - Capital commitments for property, plant, and equipment amounted to RMB 185.8 million as of June 30, 2024, down from RMB 257.4 million as of December 31, 2023[69] - The company completed the construction of the Huajin Wharf No. 3 berth in early 2024 and obtained a port operation license, with the second phase of the wharf project expected to be completed and accepted around September 10, 2024[92] - The company plans to continue focusing on cold-rolled and galvanized steel processing services as its main business, while the wharf business is expected to broaden income sources, reduce transportation costs, and improve distribution and storage efficiency[92] Share Capital and Ownership - The company's issued share capital remained unchanged at 600 million shares with a nominal value of HKD 6 million as of June 30, 2024[48] - The company had 25,272,720 share options outstanding under its share option plan as of June 30, 2024, with no changes during the period[49] - The company granted a total of 25,272,720 share options as of June 30, 2024, with an exercise price of HKD 2.75 per share[53] - The fair value of share options granted, determined using the binomial model, was HKD 11,598,000[53] - Xu Songqing holds 391,500,000 shares, representing 65.25% of the company's issued share capital[93] - Luo Canwen holds 54,000,000 shares, representing 9.00% of the company's issued share capital[93] - Haiyi Limited, controlled by Intrend Ventures, holds 391,500,000 shares, representing 65.25% of the company's issued share capital[97] - Zhongcheng Limited, controlled by Luo Canwen, holds 54,000,000 shares, representing 9.00% of the company's issued share capital[97] - The company's total issued share capital as of June 30, 2024, is 600,000,000 shares[94] - Xu Songqing, Xu Jianhong, Luo Canwen, and Xu Songman each hold 1,818,181 shares, representing 0.30% of the company's issued share capital[95] - The company has a total of 7,272,724 unexercised share options as of June 30, 2024[100] - The total number of share options granted and outstanding as of June 30, 2024, is 25,272,720[101] - No share options were exercised or granted during the six months ended June 30, 2024[102] Dividends and Shareholder Returns - The company did not declare any interim dividend for the period ending June 30, 2024, consistent with the same period in 2023[32] - The company did not declare an interim dividend for the six months ended June 30, 2024[108] Corporate Governance and Compliance - The company maintained the required public float as per listing rules during the six months ended June 30, 2024[111] - The audit committee reviewed the unaudited condensed consolidated financial statements and confirmed they were prepared in accordance with applicable accounting standards[112] Company Information and Contacts - The company's registered office is located at Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1–1111, Cayman Islands[115] - The company's headquarters in China is situated in Jiangmen City, Xinhui District, Guangdong Province[115] - The main business location in Hong Kong is at 14 Science Museum Road, Tsim Sha Tsui East, New Man Sang Centre, Block A, 5th Floor, Room 18[115] - The company's stock code is 2738[115] - The company's website is www.huajin-hk.com[115] - The company's auditor is Deloitte Touche Tohmatsu, a registered public interest entity auditor[115] - The company's primary bank relationships include Agricultural Bank of China Jiangmen Xinhui Branch, Jiangmen Rural Commercial Bank, and Guangzhou Bank Jiangmen Branch[115] - The company's share registrar in Hong Kong is United Securities Registration Limited, located at 338 King's Road, North Point, Hong Kong[115] - The company's board of directors includes executive directors Xu Songqing (Chairman), Xu Jianhong (Vice Chairman), and Luo Fengwen (CEO)[115] - The company's audit committee is chaired by Sun Duowei, with members Ou Qiyuan and Ye Yating[115] Financial Assets and Liabilities - The fair value of financial assets measured at fair value through profit or loss (futures products) was RMB 3,021 thousand as of June 30, 2024[59] - The fair value of financial assets measured at fair value through other comprehensive income (private equity investments) was RMB 1,799 thousand as of June 30, 2024[59] - Total assets pledged as collateral for borrowings amounted to RMB 1,941,528 thousand as of June 30, 2024[56] Remuneration and Compensation - Total remuneration for directors and key

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倚賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 HUAJIN INTERNATIONAL HOLDINGS LIMITED 華津國際控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2738） 截 至2024年6月30日止六個月 之中期業績 華 津 國 際 控 股 有 限 公 司（「本 公 司」）之 董 事（「董 事」）會（「董 事 會」）特 此 公 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至2024年6月30日止六個月之未經 審核業績連同2023年 同 期 的 比 較 數 據。截 至2024年6月30日止六個月未 經 審 核 業 績 已 由 本 公 司 審 核 委 員 會 及 本 公 司 外 聘 核 數 師 審 閱。 – 1 – 簡明綜合損益及其他全面收益表 截 至2024年6月30日止六個月 除 投 資 收 益、財 務 ...

Huajin International Holdings Limited 華津國際控股有限公司 Huajin International Holdings Limited 華津國際控股有限公司 Annual Report 2023 年報 華津國際控股有限公司 / 2023年年報 目 錄 (Incorporated in the Cayman Islands with limited liability) Stock Code: 2738 （於開曼群島註冊成立的有限公司） 股票代號：2738 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 釋義 | 3-6 | | 財務摘要 | 7 | | 主席報告 | 8-9 | | 董事及高級管理層 | 10-13 | | 企業管治報告 | 14-28 | | 管理層討論及分析 | 29-36 | | 董事會報告 | 37-53 | | 獨立核數師報告 | 54-58 | | 綜合損益及其他全面收益表 | 59 | | 綜合財務狀況表 | 60 | | 綜合權益變動表 | 61 | | 綜合現金流量表 | 62-63 | | 綜合財務報表附註 ...

HUAJIN INTERNATIONAL HOLDINGS LIMITED 華津國際控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號：2738) 茲提述華津國際控股有限公司（「本公司」）日期為 2024 年 3 月 28 日就本集團截至 2023 年 12 月 31 日止年度的綜合業績刊發的公告（「該公告」）。除另有界定外，本公告所用詞彙與該 公告所界定者具有相同涵義。 本公司注意到，由於無心之失，該公告之中文版本第 2 頁至第 4 頁最後兩欄之標題與英文版 本不一致。本公司謹此澄清，該公告中文版本第 2 頁至第 4 頁最後兩欄之標題應修訂及取代 如下（有關修訂已加注劃線以方便閱覽）： 該公告中文版本之相關披露事項正確無誤。 本公司確認上述澄清並不影響該公告所載的其他資料。除上文所披露者外，該公告中英文版 本所載之所有資料維持不變。本澄清公告屬補充性質，應與該公告一併閱讀。 承董事會命 華津國際控股有限公司 主席 許松慶 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，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而 ...

Sales Volume and Revenue - Sales volume of cold-rolled steel products increased to approximately 886,949 tons in 2023, up 44.2% from 614,740 tons in 2022[5] - Sales volume of galvanized steel products increased to approximately 583,438 tons in 2023, up 69.9% from 343,386 tons in 2022[5] - Total sales volume of cold-rolled and galvanized steel products reached approximately 1,470,387 tons in 2023, up 53.5% from 958,126 tons in 2022[5] - Revenue from cold-rolled steel products sales increased to RMB 3,573,976 thousand in 2023, up from RMB 2,655,077 thousand in 2022[62] - Revenue from galvanized steel products sales rose to RMB 2,498,571 thousand in 2023, compared to RMB 1,553,571 thousand in 2022[62] - Total revenue for 2023 reached RMB 6,589,901 thousand, up from RMB 4,663,563 thousand in 2022[62] - Revenue in 2023 increased by RMB 1,926.3 million or 41.3% to RMB 6,589.9 million compared to RMB 4,663.6 million in 2022[101] - Revenue from sales of cold-rolled steel products and galvanized steel products increased by RMB 1,926.3 million or 41.3% to RMB 6,589.9 million in 2023 from RMB 4,663.6 million in 2022[116] - Revenue from sales increased to RMB 6,589.9 million in 2023 from RMB 4,663.6 million in 2022[191] Average Selling Prices - Average selling price of cold-rolled steel products decreased to RMB 4,174 per ton in 2023 from RMB 4,644 per ton in 2022[17] - Average selling price of galvanized steel products decreased to RMB 4,282 per ton in 2023 from RMB 4,524 per ton in 2022[17] Cost of Sales and Gross Profit - Direct materials accounted for over 92% of the cost of sales in 2023, up from 90% in 2022[30] - Gross profit margin was approximately 4.5% in 2023, compared to a gross loss margin of 0.4% in 2022[32] - Direct material costs accounted for 92.2% of total cost of sales in 2023 (2022: 90.4%), with utilities expenses increasing by RMB 53.1 million or 28.6% to RMB 238.6 million[137][138] - The company recorded a gross profit of approximately RMB 296.6 million in 2023, compared to a gross loss of RMB 20.1 million in 2022, driven by increased sales volume, higher average processing fees, and lower unit sales costs[140] - Gross profit improved to RMB 296.6 million in 2023 from a loss of RMB 20.1 million in 2022[191] Capital Expenditures and Investments - Capital commitments for the acquisition of property, plant, and equipment were approximately RMB 257.4 million as of December 31, 2023, up from RMB 90.9 million as of December 31, 2022[4] - The company invested approximately RMB 389.2 million in property, plant, and equipment and construction costs in 2023[3] - Capital expenditures for property, plant, and equipment increased from RMB 90,895 thousand in 2022 to RMB 257,440 thousand in 2023[99] - The company had committed capital expenditures of RMB 257,440,000 as of December 31, 2023, with RMB 199,099,000 to be paid within the next 12 months[193] Financial Costs and Borrowings - Financial costs increased to approximately RMB 80.6 million in 2023, up 1.5% from RMB 79.4 million in 2022[23] - The company's capital borrowing costs for the year ended December 31, 2023, were capitalized at an annual rate of 5.87%[43] - Financial costs for borrowing interest expenses rose to RMB 80,423 thousand in 2023, compared to RMB 79,272 thousand in 2022[83] - The company's total borrowings as of December 31, 2023, amounted to approximately RMB 2,277.9 million, compared to RMB 1,516.1 million as of December 31, 2022[198] Taxation and Subsidies - The company's two major subsidiaries in China have been recognized as high-tech enterprises, enjoying a preferential corporate income tax rate of 15% from 2022 to 2024[34] - The company's Hong Kong profits tax is calculated at 16.5% of the estimated taxable profits for the two years mentioned[45] - The company's deferred income includes a subsidy of RMB 33,000,000, with RMB 3,300,000 recognized in the income statement for the year ended December 31, 2023[41] - Income tax expense for the year was RMB 15,681 thousand in 2023, compared to a tax credit of RMB 32,119 thousand in 2022[84] - Income tax expenses were RMB 15.7 million in 2023, compared to an income tax credit of RMB 32.1 million in 2022[177] Trade Receivables and Payables - Trade receivables and notes amounted to RMB 233,499 thousand in 2023, up from RMB 113,174 thousand in 2022[72] - Trade receivables from customer contracts increased to RMB 82,279 thousand in 2023, up from RMB 50,260 thousand in 2022, with a credit loss provision of RMB 3,385 thousand[76] - Notes receivable surged to RMB 234,474 thousand in 2023, compared to RMB 116,802 thousand in 2022[76] - Trade receivables increased to RMB 78,894 thousand in 2023 from RMB 49,038 thousand in 2022, with the majority (RMB 70,339 thousand) within 30 days[118] - Notes receivable increased significantly to RMB 234,474 thousand in 2023 from RMB 116,802 thousand in 2022, with the largest portion (RMB 61,337 thousand) in the 61-90 days category[118] - Trade payables decreased from RMB 135,557 thousand in 2022 to RMB 106,104 thousand in 2023[93] - Total trade payables, notes payable, and other payables increased from RMB 382,845 thousand in 2022 to RMB 386,288 thousand in 2023[108] - Overdue trade receivables over 90 days increased slightly from RMB 2,078 thousand in 2022 to RMB 2,293 thousand in 2023[105] Employee and Administrative Expenses - Employee benefits expenses increased to RMB 123,007 thousand in 2023, up from RMB 116,654 thousand in 2022[88] - Total employee costs, including director remuneration, amounted to RMB 123.0 million in 2023, up from RMB 116.7 million in 2022[161] - Administrative expenses decreased to RMB 58.6 million in 2023, down by RMB 6.2 million or 9.6% compared to RMB 64.8 million in 2022, mainly due to reduced share-based payments and business-related expenses[153] Net Profit and Loss - Net profit attributable to owners in 2023 was RMB 85.7 million, compared to a net loss of RMB 165.3 million in 2022[101] - The company's attributable profit in 2023 was RMB 85.7 million, compared to an attributable loss of RMB 165.3 million in 2022[155] - Net profit for the year was RMB 85.5 million in 2023, compared to a loss of RMB 165.3 million in 2022[191] Cash Flow and Bank Balances - Bank balances and cash increased by RMB 82.3 million or 511.2% to RMB 98.4 million as of December 31, 2023, compared to RMB 16.1 million in 2022[145] - Restricted bank deposits increased by RMB 58.3 million or 30.8% to RMB 247.7 million as of December 31, 2023, compared to RMB 189.4 million in 2022[145] - The company generated a net cash outflow of RMB 82,265,000 and a net operating cash outflow of RMB 371,976,000 for the year ended December 31, 2023[193] - The company's bank balances and cash increased to RMB 98,386,000 as of December 31, 2023, from RMB 16,093,000 as of December 31, 2022[200] Inventory and Consumables - Cost of inventories recognized as expenses rose to RMB 6,295,708 thousand in 2023, compared to RMB 4,681,334 thousand in 2022[88] - Consumables increased to RMB 82.4 million in 2023, up by RMB 3.3 million or 4.2% compared to RMB 79.1 million in 2022, driven by increased production activities of cold-rolled and galvanized steel products[169] Other Income and Gains - Other income, primarily from sales of hot-rolled steel products and processing services, accounted for 5.9% of total revenue in 2023 (2022: 5.5%)[135] - Other income, other gains, and losses increased to RMB 8.8 million, a 95.6% increase from RMB 4.5 million in 2022[170] - The company recognized investment gains of RMB 0.2 million from commodity futures contracts in 2023, compared to a loss of RMB 0.7 million in 2022[176] Financial Position and Ratios - The company's reserves increased to RMB 507,826 thousand in 2023 from RMB 420,339 thousand in 2022[65] - Net current liabilities decreased to RMB 266.7 million as of December 31, 2023, from RMB 452.1 million as of December 31, 2022[125] - The group's net current liabilities decreased to RMB 266.7 million in 2023 from RMB 452.1 million in 2022, while net asset value increased to RMB 514.7 million from RMB 425.3 million[181] - The current ratio improved to 88.1% in 2023 from 76.5% in 2022[181] - The company's equity value as of December 31, 2023, was approximately RMB 514.7 million, up from RMB 425.3 million as of December 31, 2022[198] - The company's asset-liability ratio, calculated as total borrowings divided by total equity, was approximately 4.43x as of December 31, 2023, compared to 3.56x as of December 31, 2022[198] - The company's current liabilities exceeded current assets by RMB 266,735,000 as of December 31, 2023[193] - The company's total assets less current liabilities amounted to RMB 1,543,660,000 as of December 31, 2023, compared to RMB 874,623,000 as of December 31, 2022[200] - The company's inventory, trade receivables, and other receivables increased to RMB 1,311,308,000 as of December 31, 2023, from RMB 1,145,641,000 as of December 31, 2022[200] Customer and Geographic Revenue - Customer A contributed RMB 1,084,556 thousand, accounting for over 10% of the total revenue in 2023[63] - Revenue from China (including Hong Kong) accounted for RMB 6,557,538 thousand in 2023, compared to RMB 4,642,217 thousand in 2022[75] - Revenue from Southeast Asia increased to RMB 32,363 thousand in 2023, up from RMB 21,346 thousand in 2022[75] - Domestic sales in the Chinese market (including Hong Kong) contributed over 99.5% of revenue in 2023, with the remaining portion from sales to Southeast Asian customers[129] Product Warranty and Customer Returns - The company's product warranty allows customers to return defective products within 15 days for free repair or replacement[38] Financial Reporting and Accounting Policies - The company's financial statements are prepared on a going concern basis, with sufficient financial resources to meet obligations[48] - The company's application of new and revised Hong Kong Financial Reporting Standards had no significant impact on its financial position or performance[49] - The company's deferred tax assets and liabilities related to lease arrangements were recognized as of January 1, 2022[50] - The company's accounting policy disclosures have been clarified to ensure significant policies are not obscured by non-significant ones[52] Dividends - No dividends were declared or paid in either 2023 or 2022[90] Sales Expenses - Sales expenses increased to RMB 69.0 million in 2023, up by RMB 29.6 million or 75.1% compared to RMB 39.4 million in 2022, primarily due to higher delivery costs from increased product sales[142] Depreciation - Depreciation of property, plant, and equipment decreased to RMB 76,851 thousand in 2023 from RMB 91,326 thousand in 2022[88] Prepayments and Government Grants - Prepayments to suppliers decreased to RMB 811,352 thousand in 2023 from RMB 857,483 thousand in 2022[76] - Government grants increased significantly to RMB 8,203 thousand in 2023, up from RMB 4,165 thousand in 2022[81] Contract Liabilities - Contract liabilities increased from RMB 454,141 thousand in 2022 to RMB 586,844 thousand in 2023[94] Credit Period - The company's credit period for long-term customers with good credit quality remains at 90 days, unchanged from 2022[103] Product Revenue Breakdown - Sales of cold-rolled steel products accounted for 56.2% of total revenue in 2023 (2022: 61.2%), while galvanized steel products increased to 37.9% of revenue (2022: 33.3%)[136] - Cold-rolled steel products revenue increased to RMB 375 million, up from RMB 379 million in the previous year[170] - Galvanized steel products revenue decreased to RMB 483 million, down from RMB 259 million in the previous year[170] Net Profit Margin - Net profit margin in 2023 was 1.3%, compared to a net loss margin of 3.5% in 2022[145] Sales Cost - Sales cost increased to RMB 6,293.3 million in 2023, up by RMB 1,609.6 million or 34.4% compared to RMB 4,683.7 million in 2022[168]

31 簡明綜合財務報表附註 截至2023年6月30日止六個月 (c) 關聯方提供的擔保 (d) 主要管理人員薪酬 | --- | --- | --- | |------------------------|----------------------------------------------------|----------------------------------------------| | | 截至 6 月 30 \n2023 年 人民幣千元 （未經審核） | 日止六個月 \n2022 年 人民幣千元 （未經審核） | | | | | | 董事袍金 | 275 | 215 | | 薪金、津貼及其他福利 | 2,511 | 2,404 | | 退休福利計劃供款 | 149 | 147 | | 以股份為基礎的付款開支 | 867 | 1,940 | | | | | | | 3,802 | 4,706 | 32 管理層討論及分析 華津國際控股有限公司（「本公司」，連同其附屬公司為「本集團」）為一家投資控股公司，而本 集團為一家位於中華人民共和國（「中國」）廣東省的領先冷軋鋼加工企業。本集團主要從事 ...

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倚賴該等內容而引致的任 何損失承擔任何責任。 HUAJIN INTERNATIONAL HOLDINGS LIMITED 華 津 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2738） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 華 津 國 際 控 股 有 限 公 司（「本 公 司」）之 董 事（「董 事」）會（「董 事 會」）特 此 公 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至2023年6月30日 止 六 個 月 之 未 經 審 核 業 績 連 同2022年 同 期 的 比 較 數 據。截 至2023年6月30日 止 六 個 月 未 經審核業績已由本公司審核委員會及本公司外聘核數師審閱。 ...

Financial Performance - Huajin International Holdings Limited reported a revenue of HKD 1.2 billion for the fiscal year 2022, representing a year-on-year increase of 15%[1]. - The company achieved a net profit of HKD 150 million, which is a 10% increase compared to the previous year[1]. - The company's revenue for 2022 was approximately RMB 4,663.6 million, a decrease of RMB 629.4 million or 11.9% compared to RMB 5,293.0 million in 2021[15]. - The net loss attributable to the company's owners for 2022 was approximately RMB 165.3 million, compared to a profit of RMB 62.0 million in 2021[19]. - The total sales volume of processed steel and galvanized steel products in 2022 was approximately 958,126 tons, an increase of about 90,681 tons or 10.5% from 867,445 tons in 2021[19]. - The average selling price of processed steel products decreased to RMB 4,644 per ton in 2022 from RMB 5,516 per ton in 2021, while the average selling price of galvanized steel products decreased to RMB 4,524 per ton from RMB 5,888 per ton[112]. - The sales volume of galvanized steel products increased to approximately 343,386 tons in 2022, a significant increase of about 185,717 tons or 117.8% compared to 157,669 tons in 2021[111]. - The company incurred construction costs of approximately RMB 181.3 million for the acquisition of properties, plants, and equipment in 2022[108]. - The company’s financial condition and profitability will influence future dividend declarations, alongside operational and capital needs[89]. Strategic Initiatives - The company has set a revenue guidance of HKD 1.5 billion for the next fiscal year, projecting a growth of 25%[1]. - Huajin International is investing HKD 200 million in new product development, focusing on sustainable materials[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[1]. - Huajin International is exploring potential acquisitions to enhance its supply chain efficiency, with a budget of HKD 300 million allocated for this purpose[1]. - The company aims to enhance its revenue diversity and shareholder value through new business opportunities and market expansion[21]. Corporate Governance - The company emphasizes high standards of corporate governance to ensure stable and transparent operations, attracting investors and protecting shareholder interests[39]. - The board has adopted the corporate governance code as per the listing rules, ensuring compliance throughout the year ending December 31, 2022[39]. - The board consists of four executive directors and three independent non-executive directors, complying with the listing rules regarding independent director representation[47]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with specific responsibilities[65]. - The Audit Committee consists of three independent non-executive directors and has held three meetings during the year ended December 31, 2022[68]. - The company ensures that all directors participate in continuous professional development to stay informed about their responsibilities[60]. - The roles of Chairman and CEO are separated to ensure a balance of power and authority within the company[63]. - The company has arranged appropriate insurance coverage for directors and senior management against legal actions[61]. - The company has established an internal control system to ensure compliance with relevant laws and regulations, with no significant internal control weaknesses identified during the review period[101]. Risk Management - The company emphasizes the importance of effective risk management and internal control systems to mitigate exposure to significant risks, with no major changes in risk nature or scope identified during the reporting year[98]. - The board is responsible for overseeing the effectiveness of the risk management and internal control systems, which are designed to ensure operational efficiency and safeguard assets[98]. - The company has established a clear management structure for risk management, utilizing a risk assessment model to identify and manage significant risks[98]. Shareholder Relations - The company maintains open communication with shareholders, providing a platform for them to express opinions and engage with the board[93]. - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting within two months of their request[87]. - The company intends to distribute approximately 30% of the distributable profits for the fiscal year ending December 31 as dividends, subject to shareholder approval[91]. - The company did not recommend a final dividend for the year ended December 31, 2022, but declared a special interim dividend of HKD 0.098 per share, totaling HKD 58.8 million (approximately RMB 49.02 million) in January 2021[161]. Employee and Diversity Initiatives - The company plans to appoint a female director by March 31, 2024, to enhance gender diversity on the board[75]. - As of December 31, 2022, the employee gender ratio was 79.9% male and 20.1% female, indicating a need for continued focus on gender diversity in hiring[76]. - The total employee cost for the group in 2022 was approximately RMB 116.7 million, up from RMB 110.7 million in 2021, including share-based payment expenses of approximately RMB 4.1 million[145]. - The group employed a total of 1,170 full-time employees as of December 31, 2022, compared to 1,155 employees in 2021[145]. Supplier and Customer Relations - The company has established long-term stable business relationships with major raw material suppliers, which is crucial for timely purchases at market prices[158]. - The total amount of raw materials purchased from the top five suppliers accounted for approximately 71.9% of total purchases, down from 79.1% in 2021[162]. - Revenue from the top five customers represented approximately 23.7% of total revenue, an increase from 17.0% in 2021[162]. - The group relies heavily on customer demand for its products, which are primarily sold to manufacturers in various industries, including light industry hardware and home appliances[152].

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倚賴該等內容而引致的任 何損失承擔任何責任。 HUAJIN INTERNATIONAL HOLDINGS LIMITED 華 津 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2738） 截 至2022年12月31日 止 年 度 之 全 年 業 績 華 津 國 際 控 股 有 限 公 司（「本 公 司」，連 同 其 附 屬 公 司 統 稱「本 集 團」）之 董 事（「董 事」）會（「董 事 會」）欣 然 公 佈 下 述 根 據 香 港 財 務 報 告 準 則（「香 港 財 務 報 告 準 則」）編 製 之 本 集 團 截 至2022年12月31日 止 年 度 的 綜 合 業 績 並 連 同截至2021年12月31日止年度的比較數據。 ...