Financial Performance - The Group's revenue for the six months ended June 30, 2023, was RMB 1,034,150, a decrease of 20.6% compared to RMB 1,302,201 for the same period in 2022[4]. - Adjusted gross profit for reportable segments was RMB 58,157 for the first half of 2023, down from RMB 118,203 in 2022, reflecting a decline of 50.8%[9]. - Profit before taxation for the six months ended June 30, 2023, was RMB 11,820, a decrease of 32.2% from RMB 17,449 in 2022[9]. - The basic earnings per share for the six months ended 30 June 2023 is RMB 6,366,000, compared to RMB 4,726,000 for the same period in 2022[15]. - For the six months ended June 30, 2023, the profit attributable to equity shareholders increased by approximately RMB 1.7 million or 36.2% to about RMB 6.4 million compared to RMB 4.7 million for the same period in 2022[148]. - Profit attributable to equity shareholders for the period was RMB 6,366,000, compared to RMB 4,726,000 in the same period last year, representing a 34.6% increase[171]. Expenses and Costs - Research and development costs for the first half of 2023 were RMB 12,159, down from RMB 23,386 in 2022, indicating a reduction of 47.9%[12]. - Selling expenses decreased to RMB 20,086 in the first half of 2023 from RMB 22,137 in 2022, a decline of 9.3%[9]. - Administrative expenses were reduced to RMB 138,302 in the first half of 2023, compared to RMB 163,918 in 2022, reflecting a decrease of 15.7%[9]. - The cost of sales for the six months ended June 30, 2023, decreased by about RMB 236.5 million or 20.2% to approximately RMB 933.0 million[152]. - The Group's adjusted gross profit margin decreased by approximately 3.5 percentage points to about 5.6% compared to 9.1% in the same period of 2022[153]. Financial Position - Net finance income increased to RMB 103,610 in the first half of 2023, compared to RMB 76,965 in the same period of 2022, representing a growth of 34.7%[9]. - The total financial liabilities measured at amortised cost decreased from RMB 1,094,074,000 in December 2022 to RMB 986,336,000 in June 2023, a reduction of approximately 9.9%[70]. - The Group's cash and cash equivalents, including restricted cash, decreased from RMB 701.1 million as of December 31, 2022, to RMB 631.9 million as of June 30, 2023, a decline of about 9.9%[39]. - The Group's gearing ratio was 83.0% as of June 30, 2023, compared to 82.9% at the end of 2022[135]. - Net current assets decreased by about RMB 88.8 million or 28.9% to approximately RMB 219.0 million as of June 30, 2023[135]. Taxation - Current tax provision for corporate income tax in respective jurisdictions was RMB 115 for the first half of 2023, significantly lower than RMB 10,508 in 2022[12]. - The subsidiaries in the PRC are subject to a Corporate Income Tax rate of 25% for the six months ended 30 June 2023, unchanged from the previous year[6]. - One subsidiary in the PRC enjoys a preferential Corporate Income Tax rate of 15% due to its status as an enterprise with advanced technologies[6]. - No provision for Hong Kong Profits Tax has been made as the Group did not have assessable profits for the six months ended 30 June 2023[6]. Legal and Contingent Liabilities - The Group's maximum contingent liabilities related to legal claims may amount to approximately RMB296.2 million, with RMB21.4 million already provided for[112]. - The Group's directors do not believe it is probable that the courts will find against the subsidiaries in ongoing lawsuits, arbitrations, or tax disputes[112]. - The Group is cooperating with authorities regarding the investigation of asbestos found in construction materials supplied for projects in Australia, with no related legal actions reported[114]. - No provision has been made for potential compensation related to the asbestos investigation as the costs cannot be reliably estimated[114]. Market and Strategic Outlook - The Group is focusing on market expansion in regions such as the Middle East and Central Asia[128]. - The Group aims to improve project quality, pursue technological leadership, and strengthen cost control management for long-term sustainable development[151]. - The Group will maintain an optimistic and prudent attitude while closely monitoring industry changes and adjusting market strategies as necessary[151]. Shareholding and Corporate Governance - As of June 30, 2023, Best Outlook Limited holds 2,597,531,923 shares, representing 41.84% of the issued share capital[163]. - Neo Pioneer Limited holds 1,049,231,845 shares, accounting for 16.90% of the issued share capital[163]. - The maximum number of shares that may be issued under the Share Option Scheme is 600,000,000 shares, equivalent to 10% of the issued capital after the Global Offering[164]. - The Company is required to maintain a register of substantial shareholders as per the provisions of the SFO[163].

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，概不對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之任何損失承擔任何責任。 Yuanda China Holdings Limited 遠 大 中 國 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2789） 截至 年 月 日止 個月未經審核中期之業績公佈 2023 6 30 6 遠大中國控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬公 司（統稱「本集團」）截至2023年6月30日止6個月（「報告期間」）之未經審核中期業績。本集 團報告期內之中期財務資料未經審核，惟已經本公司審核委員會（「審核委員會」）審閱。 截至2023年 截至2022年 6月30日止 6月30日止 財務摘要 6個月 6個月 （概約） （概約） ...

Financial Performance - Revenue for 2022 was RMB 3,263.6 million, an increase of 6.8% from RMB 3,055.3 million in 2021[14]. - Adjusted gross profit margin improved to 11.1% in 2022 from a loss margin of 13.8% in 2021[14]. - Consolidated net profit for 2022 was RMB 72.1 million, recovering from a net loss of RMB 995.8 million in 2021[14]. - Basic earnings per share for 2022 were RMB 1.16, compared to a loss of RMB 16.04 per share in 2021[14]. - The company proposed no final dividend for 2022, consistent with the previous year[14]. - The decrease in expected credit losses on financial and contract assets and other receivables was a key factor in the profit recovery[22]. - The income tax benefit for 2022 was approximately RMB 36.5 million, down from RMB 54.2 million in 2021[78]. - The net finance costs decreased by approximately RMB 250.3 million or 243.2% in 2022, resulting in net finance costs of about RMB -147.4 million, which accounted for -4.5% of the operating revenue[74]. - The expected credit losses for financial and contract assets decreased significantly by about RMB 855.7 million or 97.3% to approximately RMB 24.0 million, representing 0.7% of operating revenue[57]. Operational Strategy - The management emphasized a focus on sustainable development and continuous improvement as part of their corporate mission[17]. - Future strategies include the development of independent brands and intellectual property, as well as an independent marketing network[17]. - The company aims to enhance service quality and create value for customers as part of its operational philosophy[17]. - The Group's strategy focuses on being product-driven, technology-leading, customer-oriented, and value-creating, aiming to improve contract quality and stabilize operational risks[21]. - The Group plans to maintain a cautious and steady development strategy in 2023, focusing on quality, customer service, cost reduction, and efficiency improvement[26]. - The Group's internal management reforms aim to enhance accountability, quality, efficiency, and cost reduction to support steady business development[21]. Project and Contract Management - The aggregate amount of newly-awarded projects decreased by about RMB 2,220.5 million or 51.0% year-on-year, totaling approximately RMB 2,137.4 million in 2022 compared to RMB 4,357.9 million in 2021[35]. - The remaining contract value of backlog as of December 31, 2022, was approximately RMB 11,120.5 million, a decrease of about RMB 1,533.0 million or 12.1% from RMB 12,653.5 million in 2021, which supports sustainable development for the next 2-3 years[41]. - Domestic projects accounted for RMB 1,494.2 million of newly-awarded projects in 2022, while overseas projects contributed RMB 643.2 million[37]. Human Resources and Leadership - The appointment of Zhao Zhongqiu as CEO on July 4, 2022, marks a significant leadership change within the company[3]. - The company had a total of 2,511 full-time employees as of December 31, 2022, down from 2,769 employees in the previous year due to headcount optimization[121]. - The company has established competitive remuneration policies that align the interests of management, employees, and shareholders, including basic salary, allowances, and performance-based incentives[121]. - The company plans to continue investing in research and development, with HKD 261 million allocated for this purpose as of December 31, 2022[120]. - The company has a strong focus on expanding its sales and marketing network, with HKD 220 million allocated for this initiative[120]. Corporate Governance - The company has adopted and complied with the Corporate Governance Code as its own code to govern its corporate governance practices for the year ended December 31, 2022[163]. - The company has maintained high standards of corporate governance to enhance shareholder value and safeguard shareholder interests[162]. - The board of directors is responsible for leadership and control of the company, overseeing strategic decisions and performance to enhance shareholder value[164]. - The company has established Board committees and delegated various responsibilities to these committees as set out in their respective terms of reference[164]. - The company has complied with all code provisions of the Corporate Governance Code for the year ended December 31, 2022[163]. - The company regularly reviews its corporate governance practices to ensure compliance with the Corporate Governance Code[163]. - The company emphasizes the importance of a quality Board and effective internal controls[162]. Diversity and Inclusion - As of December 31, 2022, the company had 2,121 male employees and 390 female employees, representing approximately 84.5% and 15.5% of the workforce respectively[196]. - The company aims to achieve at least 18.0% of female employees by 2030 and expects a gradual reduction in the number of female employee resignations[198]. - The Board has achieved gender diversity with the appointment of Ms. Yang Qianwen as an independent non-executive Director on April 18, 2023, fulfilling the requirement under Rule 13.92 of the Listing Rules[195]. - The company is committed to improving gender diversity at the Board level and plans to appoint one or two female members within the next two years[195]. - The Board's composition will be reviewed at least annually to ensure adherence to the diversity policy[195].

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，概不對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之任何損失承擔任何責任。 Yuanda China Holdings Limited 遠 大 中 國 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2789） 截至 年 月 日止年度之業績公佈 2022 12 31 遠大中國控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬公 司（統稱「本集團」）截至2022年12月31日止年度（「報告期間」）之經審核合併年度業績，連同 截至2021年12月31日止年度之比較數字。 財務摘要 2022年 2021年 （概約） （概約） 收入（人民幣百萬元） 3,263.6 3,055.3 經調整毛利率（附註） 11.1% (13.8%) ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 1,302.2 million, a decrease of 9.1% compared to RMB 1,442.3 million for the same period in 2021[12] - Adjusted gross profit margin for the period was 9.1%, down from 19.3% in the previous year[12] - Profit attributable to equity shareholders for the period was RMB 4.7 million, compared to RMB 6.2 million in the same period last year[12] - Basic and diluted earnings per share were RMB 0.08, down from RMB 0.10 in the same period last year[12] - Total comprehensive income for the period attributable to equity shareholders was RMB 2,058, significantly down from RMB 24,725 in the previous year[80] - Gross profit for the period was RMB 132,747, down 53.8% from RMB 287,109 in the previous year[68] - The Group reported a profit of RMB 4,726 for the six months ended June 30, 2022, compared to a loss of RMB 1,002,074 for the same period in 2021[88] - The company reported a profit before taxation of RMB 17,449 for the six months ended June 30, 2022, compared to RMB 18,935 in 2021, a slight decrease of about 7.8%[131] Cash Flow and Liquidity - Net cash used in operating activities was RMB (193.1) million, an improvement from RMB (276.3) million in the previous year[12] - Cash on hand and in bank decreased by about RMB 719.4 million or 42.8% to approximately RMB 959.6 million from RMB 1,679.0 million at the end of 2021[29] - The net cash used in operating activities for the six months ended 30 June 2022 was RMB 193,109,000[101] - The cash and cash equivalents at 30 June 2022 were RMB 225,216,000, an increase from RMB 196,182,000 at the same date in 2021[96] - The net decrease in cash and cash equivalents for the six months ended 30 June 2022 was RMB 150,203,000, compared to a decrease of RMB 308,742,000 in the same period of 2021[96] - The Group's liquidity needs are being addressed through various initiatives identified by the directors[102] Revenue Breakdown - Revenue from the domestic market decreased by about RMB 137.7 million or 23.0% to about RMB 461.2 million, contributing approximately 35.4% of the total revenue[20] - Revenue from the overseas market decreased by about RMB 2.4 million or 0.3% to about RMB 841.0 million, contributing approximately 64.6% of the total revenue[20] - Revenue from customers in Mainland China decreased to RMB 461,154 from RMB 598,875, a decline of 22.9%[120] - Revenue from the United Kingdom increased significantly to RMB 382,121 from RMB 259,317, representing a growth of 47.3%[120] - Revenue from Australia rose to RMB 251,155 from RMB 107,537, marking an increase of 133.3%[120] - Revenue from the United States decreased to RMB 16,682 from RMB 181,584, a decline of 90.8%[120] Expenses and Cost Management - Selling expenses decreased by about RMB 13.5 million or 37.8% to approximately RMB 22.1 million, accounting for about 1.7% of operating revenue[25] - Administrative expenses decreased by about RMB 47.9 million or 22.6% to approximately RMB 163.9 million, accounting for about 12.6% of operating revenue[25] - Research and development costs amounted to RMB 23,386 in the first half of 2022, compared to RMB 38,129 in 2021, indicating a reduction of approximately 38.7%[135] - Total borrowing costs decreased to RMB 50,598 in the first half of 2022 from RMB 58,678 in 2021, reflecting a decline of approximately 13.3%[133] Strategic Direction and Outlook - The company is focusing on technology leadership and value creation through services as part of its strategic direction[2] - Future outlook includes potential market expansion and new product development initiatives[2] - The company anticipates that many countries may implement accommodative monetary policies and fiscal stimulus to support economic recovery in the second half of 2022[18] - The company remains confident and cautious about the overall market opportunities and will continue to focus on project construction and technological innovation[18] - The property market in Mainland China is expected to gradually recover and remain resilient in the long run, supported by appropriate government measures[18] Corporate Governance and Management Changes - The company has appointed Zhao Zhongqiu as the new Chief Executive Officer as of July 4, 2022, following the resignation of Liu Futao[4] - The company has complied with all code provisions of the Corporate Governance Code for the reporting period[61] - The Board resolved not to declare any interim dividend for the six months ended June 30, 2022[42] - The Group did not have any material acquisitions or disposals of subsidiaries and associated companies during the reporting period[36] Financial Position and Assets - As at 30 June 2022, net current assets decreased by about RMB 385.7 million or 23.2% to approximately RMB 428.0 million from RMB 813.7 million at the end of 2021[29] - Non-current assets decreased to RMB 901,826 from RMB 916,939 at the end of 2021[81] - Current assets decreased to RMB 5,132,515 from RMB 5,863,411 at the end of 2021[81] - The total amount of contract assets expected to be billed within one year was RMB 1,549.744 million as of June 30, 2022[152] - The total financial assets measured at amortised cost increased to RMB 1,645.5 million as of June 30, 2022, compared to RMB 1,583.5 million at December 31, 2021, reflecting a growth of 3.9%[163] Shareholder Information - As of June 30, 2022, Kang Baohua holds a beneficial ownership of 228,636,000 shares, representing 3.68% of the company's shares[47] - Kang Baohua also has an interest in controlled corporations amounting to 3,589,548,694 shares, which is 57.81% of the company's shares[47] - Best Outlook Limited, wholly owned by Kang Baohua, holds 2,597,531,923 shares, accounting for 41.84% of the issued share capital[56] - Neo Pioneer Limited, also wholly owned by Kang Baohua, holds 992,016,771 shares, representing 15.98% of the issued share capital[56] - As of June 30, 2022, no other directors or chief executives had interests or short positions in the shares of the company[54]

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，概不對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之任何損失承擔任何責任。 Yuanda China Holdings Limited 遠大中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2789） 截至2021年12月31日止年度 未經審核合併年度業績公告 因近期COVID-19奧密克戎病毒在中國大陸和香港地區爆發，遠大中國控股有限公 司（「本公司」）及其附屬公司（統稱「本集團」）截至2021年12月31日止年度（「報告 期間」）之合併年度業績公告的審核程序受到嚴重影響。因此，從本公司中國境內各 分支機構及辦事處收集審計證據需要更多的時間以及本集團截至2021年12月31日 止年度的合併年度業績審核程序受到延誤及截至本公告日期尚未全部完成，其中包 括但不限於衍生金融工具的公允價值、合同資產及貿易應收款之預期信用損失、使 用權資產及租賃負債的確認、保修撥備、所得稅、或然負債、未償付法律索償撥備 以及收入及成本的確認計量等。 敬請知悉，本未經審核合併業績公告所呈列 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous period[17]. - For the six months ended 30 June 2021, the revenue was approximately RMB 1,442.3 million, an increase of 29.5% compared to RMB 1,112.8 million for the same period in 2020[18]. - The company recorded a profit before taxation of RMB 18,935,000, a significant recovery from a loss of RMB 250,477,000 in the prior year[67]. - Profit attributable to equity shareholders was about RMB 6.2 million, a recovery from a loss of RMB 246.5 million in the same period last year[21]. - The profit for the period was RMB 6,245,000, compared to a loss of RMB (246,514,000) in the same period last year, indicating a significant turnaround[70]. Revenue Breakdown - Revenue from the domestic market increased by about RMB 103.3 million or 20.8% to approximately RMB 598.9 million, contributing approximately 41.5% of total revenue[26]. - Revenue from the overseas market increased by about RMB 226.2 million or 36.6% to approximately RMB 843.5 million, contributing approximately 58.5% of total revenue[26]. - Revenue from contracts with customers recognized over time was RMB 1,398,643, while revenue recognized at a point in time was RMB 43,689 for the six months ended June 30, 2021[112]. - Revenue from Mainland China amounted to RMB 598,875, up from RMB 495,566 in the same period of 2020, indicating a growth of about 20.9%[112]. - Revenue from the United States was RMB 181,584, compared to RMB 156,418 in the previous year, reflecting an increase of approximately 16.1%[112]. Cost and Profitability - The cost of sales increased by about RMB 257.7 million or 28.7% to approximately RMB 1,155.2 million compared to the same period last year[26]. - The adjusted gross profit margin improved significantly to 19.3% from 5.7% year-on-year[18]. - The total adjusted gross profit for all reportable segments was RMB 278,146 for the six months ended June 30, 2021, compared to RMB 63,279 in the same period of 2020[118]. - Selling expenses decreased to RMB 35,600,000 from RMB 45,919,000, indicating improved cost management[67]. - Administrative expenses also decreased to RMB 211,802,000 from RMB 262,391,000, reflecting operational efficiency[67]. Cash Flow and Liquidity - Net cash used in operating activities for the six months ended June 30, 2021, was RMB (276,264,000), a decrease from RMB (933,038,000) in the same period of 2020, indicating a significant improvement[87]. - Cash on hand and in bank decreased by about RMB 603.6 million or 30.0% to approximately RMB 1,409.0 million[34]. - The company reported a net decrease in cash and cash equivalents of RMB (308,742,000) for the six months ended June 30, 2021, compared to RMB (248,103,000) in the same period of 2020[93]. - The company’s cash flow from investing activities included proceeds from the disposal of property, plant, and equipment amounting to RMB 1,798,000 for the six months ended June 30, 2021, compared to RMB 2,069,000 in the same period of 2020[87]. Strategic Initiatives - The company provided a positive outlook for the next quarter, projecting revenue growth of B% and an increase in user engagement metrics[17]. - New product launches are expected to contribute an additional C million in revenue, with anticipated market expansion into D regions[17]. - The company is investing in R&D for new technologies, allocating E% of its budget to enhance product offerings and improve service delivery[17]. - Strategic acquisitions are being considered to bolster market presence, with potential targets identified in the E sector[17]. - The management emphasized a focus on sustainability initiatives, aiming to reduce operational costs by F% through efficiency improvements[17]. Shareholder Returns - The company is committed to shareholder returns, with plans to increase dividends by I% in the next fiscal year[17]. - The Board of Directors resolved not to declare any interim dividend for the six months ended June 30, 2021, compared to no interim dividend for the same period in 2020[48]. Employee and Management Information - As of June 30, 2021, the Group employed 2,804 full-time employees, a decrease from 3,107 employees as of December 31, 2020, due to headcount optimization[48]. - The Group maintains competitive remuneration policies aligned with market conditions and individual performance, with a focus on management incentives[48]. Financial Position - As of June 30, 2021, total equity increased to RMB 2,125,477,000 from RMB 2,100,752,000 at the beginning of the year, reflecting a growth of approximately 1.17%[84]. - The balance of retained profits as of June 30, 2021, was RMB 545,679,000, compared to RMB 434,434,000 at the beginning of the year, indicating an increase of approximately 25.6%[84]. - The Group's gearing ratio increased to 67.2% as of 30 June 2021, compared to 58.5% on 31 December 2020[34]. Compliance and Governance - The interim financial report has been reviewed by KPMG and approved by the audit committee, ensuring compliance with corporate governance standards[63]. - The company has complied with all code provisions of the Corporate Governance Code as set forth in Appendix 14 to the Listing Rules[63].

Financial Performance - Revenue for 2020 was RMB 2,735.6 million, a decrease of 32.4% from RMB 4,041.3 million in 2019[17] - Adjusted gross profit margin fell to 5.8% in 2020 from 20.7% in 2019[17] - The consolidated net loss for 2020 was RMB 690.6 million, compared to a profit of RMB 89.8 million in 2019[17] - Basic and diluted loss per share was RMB 11.12 in 2020, compared to earnings of RMB 1.45 per share in 2019[17] - No proposed final dividend for 2020, consistent with 2019[17] - The loss attributable to equity shareholders for the year ended December 31, 2020, was approximately RMB 690.6 million, compared to a profit of about RMB 89.8 million in 2019, primarily due to the adverse effects of the prolonged COVID-19 outbreak on the global economy[35] - The Group's revenue from newly-awarded projects decreased by approximately RMB 2,171.7 million or 46.9% year-on-year, totaling about RMB 2,455.1 million in 2020 compared to RMB 4,626.8 million in 2019[70] - For the year ended 31 December 2020, the Group's revenue decreased by about RMB1,305.7 million or 32.3% to approximately RMB2,735.6 million compared to RMB4,041.3 million in 2019[83] - The revenue from the domestic market decreased by about RMB466.8 million or 27.4% to approximately RMB1,236.8 million, contributing approximately 45.2% of the total revenue[83] - The revenue from the overseas market decreased by about RMB838.8 million or 35.9% to approximately RMB1,498.8 million, contributing approximately 54.8% of the total revenue[83] Operational Efficiency and Strategy - The company is focusing on technology-led market strategies to enhance service value[1] - Management emphasizes the importance of improving operational efficiency to recover from losses[1] - The company aims to continue promoting independent brand and intellectual property development as part of its long-term strategy[25] - The management implemented remuneration adjustments to align with the company's challenges during the pandemic[25] - The Group's cautious operating strategy aimed to mitigate credit risks from customers affected by COVID-19, influencing project awards[70] - The company plans to enhance its digital marketing strategy, expecting a 25% increase in customer engagement[1] Market Outlook and Expansion - Future outlook includes potential market expansion and new product development initiatives[1] - The company is exploring strategic acquisitions to strengthen its market position[1] - The company anticipates that the global economy will gradually recover with the popularization of vaccines, although uncertainties remain regarding the pace of recovery[36] - The Group will continue to monitor the non-synchronized economic recovery and potential derivative risks such as trade protectionism and geopolitical tensions in 2021[79] - Market expansion plans include entering two new international markets, which are projected to increase user base by 30%[1] Innovation and Development - The company obtained 26 patents in 2020, which are expected to empower high-quality development for the future[25] - The Group obtained 26 utility model patents in 2020, enhancing its technological innovation capabilities for future development[77] - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[1] - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[1] Corporate Governance - The company has adopted and complied with all code provisions of the Corporate Governance Code for the year ended December 31, 2020, except for one deviation regarding the chairman's meetings with independent non-executive directors[139] - The company emphasizes the importance of a quality Board, effective internal controls, and accountability to shareholders[139] - The Board is responsible for overseeing the Group's businesses, strategic decisions, and performance to enhance shareholder value[143] - The company regularly reviews its corporate governance practices to ensure compliance with the Corporate Governance Code[139] - The Board consists of nine members, including six executive directors and three independent non-executive directors[163] Management and Leadership - The Group has a strong management team with extensive experience in various sectors, including manufacturing, project management, and human resources, enhancing operational efficiency[122][123] - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[1] - The leadership's extensive experience and strategic vision position the Group for future growth and market expansion[123] Financial Position and Assets - As of December 31, 2020, the remaining contract value of the Group's backlog was approximately RMB 11,989.5 million, a decrease of about RMB 938.1 million or 7.3% from RMB 12,927.6 million in 2019, which supports sustainable development for the next 2-3 years[75] - The cash on hand and in bank increased by about RMB134.5 million or 7.2% to approximately RMB2,012.6 million as of December 31, 2020, compared to RMB1,878.1 million in 2019[96] - The total bank loan decreased by about RMB545.8 million or 33.2% to approximately RMB1,099.2 million as of December 31, 2020, down from RMB1,645.0 million in 2019[96] - The Group's gearing ratio increased to 75.0% as of December 31, 2020, compared to 71.3% in 2019[96] Employee and Training - The Group's full-time employees decreased to 3,107 as of December 31, 2020, down from 4,016 in the previous year[118] - All directors participated in various training sessions, covering topics such as corporate governance and directors' responsibilities[196] - The company provided induction training for newly appointed directors to ensure awareness of their responsibilities under the Listing Rules[196]

Financial Performance - Revenue for the six months ended June 30, 2020, was RMB 1,112.8 million, a decrease of 38.5% compared to RMB 1,809.7 million for the same period in 2019[7]. - Adjusted gross profit margin for the six months ended June 30, 2020, was 5.7%, down from 19.7% in the same period of 2019, representing a decline of 14.0%[7]. - Consolidated net loss for the six months ended June 30, 2020, was RMB (246.5) million, compared to RMB (59.7) million in the same period of 2019, indicating an increase of over 100% in losses[7]. - Basic and diluted loss per share for the six months ended June 30, 2020, was RMB (3.97), compared to RMB (0.96) for the same period in 2019, reflecting an increase of over 100% in losses per share[7]. - For the six months ended June 30, 2020, the loss attributable to equity shareholders increased by approximately RMB186.8 million or 312.9% to about RMB246.5 million compared to the same period last year[9]. - Total comprehensive loss for the period attributable to equity shareholders was RMB 283,741, compared to a loss of RMB 42,446 in 2019[100]. Revenue Breakdown - Revenue from the domestic market decreased by about RMB192.0 million or 28.0% to approximately RMB495.6 million, contributing about 44.5% of total revenue[11]. - Revenue from the overseas market decreased by about RMB504.8 million or 45.0% to approximately RMB617.3 million, contributing about 55.5% of total revenue[11]. - Revenue from contracts with customers in Mainland China was RMB 495,566,000, a decline of 28% compared to RMB 687,570,000 in 2019[129]. - Revenue from the United States was RMB 156,418,000, down 34.5% from RMB 239,283,000 in the previous year[129]. - The United Kingdom contributed RMB 130,781,000, a decrease of 54% from RMB 284,841,000 in 2019[129]. - Revenue from Australia fell to RMB 85,724,000, down 70.6% from RMB 291,985,000 in the same period last year[129]. Cost and Expenses - The cost of sales decreased by about RMB544.6 million or 37.8% to approximately RMB897.5 million compared to the same period last year[13]. - Selling expenses increased by about RMB4.9 million or 11.9% to about RMB45.9 million, accounting for approximately 4.1% of operating revenue[15]. - Administrative expenses decreased by about RMB67.8 million or 20.5% to about RMB262.4 million, representing approximately 23.6% of operating revenue[15]. - The Group's other income decreased by about RMB9.6 million or 49.2% to about RMB9.9 million compared to RMB19.5 million in the same period last year[15]. - The adjusted gross profit for the reportable segments was RMB 63,279,000 for the first half of 2020, down from RMB 356,943,000 in the same period of 2019, reflecting a significant decline[135]. Cash Flow and Liquidity - Net cash used in operating activities for the six months ended June 30, 2020, was RMB (933.0) million, a decrease of 12.6% compared to RMB (1,067.4) million for the same period in 2019[7]. - Cash used in operating activities for the same period was RMB 933,038,000, a decrease from RMB 1,067,352,000 in the previous year, indicating improved cash flow management[117]. - Cash and cash equivalents at June 30, 2020, were RMB 311,027,000, a decrease from RMB 559,265,000 at the beginning of the year, primarily due to cash outflows from operations[117]. - The company generated net cash from financing activities of RMB 826,959,000, significantly higher than RMB 195,780,000 in the previous year, indicating increased borrowing to support operations[117]. Assets and Liabilities - As of June 30, 2020, total assets amounted to RMB 7,912,071,000, a decrease from RMB 8,399,134,000 as of December 31, 2019, representing a decline of approximately 5.8%[102]. - Current liabilities decreased to RMB 6,004,120,000 from RMB 6,624,937,000, reflecting a reduction of about 9.4%[102]. - The total equity decreased to RMB 2,447,954,000 from RMB 2,731,695,000, representing a decline of about 10.4%[104]. - The total amount of trade and bills receivables, net of loss allowance, was RMB 4,398,183 thousand as of June 30, 2020, up from RMB 4,232,149 thousand at December 31, 2019, indicating an increase of about 3.9%[165]. - The total financial liabilities measured at amortised cost decreased to RMB 1,736,416 thousand as of June 30, 2020, from RMB 2,582,442 thousand at December 31, 2019, indicating a reduction of about 32.8%[178]. Employee and Management - As of June 30, 2020, the Group had 3,523 full-time employees, a decrease from 4,016 as of December 31, 2019, due to headcount optimization[44]. - The Group's remuneration policy includes basic salary, allowances, fringe benefits, and discretionary bonuses, aligning with market conditions and individual performance[44]. - The Group's management has sound policies for management incentives and competitive remuneration to align interests among management, employees, and shareholders[44]. Corporate Governance - The company has complied with all code provisions set out in the Corporate Governance Code for the six months ended June 30, 2020[80]. - The interim financial report has been reviewed and approved by the audit committee, ensuring accountability and transparency[80]. Future Plans and Investments - The Group intends to use proceeds from its global offering for expansion of production capacity, repayment of existing debts, investment in research and development, and expansion of its sales and marketing network[27]. - The Group did not make any significant investments during the reporting period[27]. - The Group has no future plans for significant investments or capital assets as of the date of this interim report[27].

Financial Performance - Revenue for 2019 was approximately RMB 4,041.3 million, a decrease of 12.4% from RMB 4,615.7 million in 2018[11]. - Consolidated net profit for 2019 was RMB 89.8 million, up 1.8% from RMB 88.2 million in 2018[11]. - Profit attributable to equity shareholders rose by 13.5% to RMB 89.8 million in 2019, compared to RMB 79.1 million in 2018[11]. - Basic and diluted earnings per share improved to 1.45 RMB cents in 2019, a 14.2% increase from 1.27 RMB cents in 2018[11]. - For the year ended December 31, 2019, the profit attributable to equity shareholders increased by approximately RMB 10.7 million or about 13.5% to approximately RMB 89.8 million compared to RMB 79.1 million in 2018[23]. - The Group's revenue decreased by approximately RMB 574.4 million or about 12.4% to about RMB 4,041.3 million compared to RMB 4,615.7 million in 2018[42]. - Domestic revenue decreased by approximately RMB 544.0 million or about 24.2% to about RMB 1,703.6 million, contributing approximately 42.2% of total revenue[42]. - Overseas revenue decreased by approximately RMB 30.5 million or about 1.3% to about RMB 2,337.6 million, contributing approximately 57.8% of total revenue[42]. Profitability and Margins - Adjusted gross profit margin increased to 20.7% in 2019 from 15.4% in 2018, reflecting a 5.3% improvement[11]. - The improvement in profit was mainly due to strict control of contract quality and effective contract budget management, leading to an increase in gross profit margin from construction projects[23]. - In 2019, the adjusted gross profit margin increased by about 5.3% to 20.7% compared to 15.4% in 2018, driven by growth in both domestic and overseas adjusted gross profit margins[45]. - The domestic adjusted gross profit margin rose by approximately 6.3% to about 22.4% in 2019, up from 16.1% in 2018[45]. - The overseas adjusted gross profit margin increased by about 4.6% to approximately 19.4% in 2019, compared to 14.8% in 2018[45]. Cash Flow and Financial Position - Net cash generated from operating activities increased by 32.3% to RMB 129.9 million in 2019, up from RMB 98.2 million in 2018[11]. - As of December 31, 2019, the Group's net current assets increased by approximately RMB 116.1 million or about 7.0% year-over-year to approximately RMB 1,774.2 million[56]. - The Group's cash on hand and in bank increased by about RMB 175.3 million or 10.3% year-over-year to approximately RMB 1,878.1 million[56]. - The total bank loan of the Group decreased by about RMB 704.6 million or about 30.0% year-over-year to approximately RMB 1,645.0 million[56]. - The Group's gearing ratio as of December 31, 2019, was 71.3%, a decrease from 73.1% in the previous year[56]. Operational Efficiency and Management - The management has laid a solid foundation for sustainable development by enhancing operational efficiency and reviewing internal control systems[17]. - The company streamlined organizational structures to enhance efficiency and counter downward economic pressures[22]. - The Group plans to adhere to prudent financial management in project selection and cost control for sustainable development[39]. - The Group obtained 31 utility model patents in 2019, indicating ongoing innovation efforts[37]. Market and Strategic Outlook - The company remains confident in long-term development despite short-term impacts from the COVID-19 outbreak, supported by loose monetary and fiscal policies globally[19]. - The company aims to address the current COVID-19 situation carefully to mitigate risks related to business operations and ensure the safety of all staff members[19]. - The domestic growth of investment in non-residential commercial real estate remained low, while the pace of new building starts was steady in 2019[22]. - The Group maintains a prudent but optimistic outlook for future business despite uncertainties related to COVID-19 and other economic risks[39]. Corporate Governance - The Company has adopted the Corporate Governance Code provisions throughout the year ended December 31, 2019[94]. - The Board is responsible for enhancing shareholder value through strategic decisions and performance oversight[96]. - The Company emphasizes the importance of a quality Board and effective internal controls to safeguard shareholder interests[94]. - The Company has established a Nomination Committee responsible for reviewing board composition and making recommendations for appointments[116]. Risk Management - The Group's business heavily relies on the construction and real estate industries, which are cyclical and significantly affected by economic fluctuations[158]. - Operational risks include delays in material supply, unskilled labor, and adverse weather, which can affect project costs and customer satisfaction[161]. - The Company has established systems for managing quality, progress, safety, materials, and costs to mitigate construction risks[164]. - The Audit Committee found no significant areas of concern regarding the Group's risk management and internal control systems during 2019[172]. Employee and Stakeholder Engagement - The Group employed a total of 4,016 full-time employees as of December 31, 2019, down from 4,604 in the previous year due to headcount optimization[72]. - The Company engages with key stakeholders, including employees, suppliers, and customers, as part of its business review[198]. - The Company emphasizes communication with institutional investors to enhance transparency and gather feedback, maintaining a website for public access to business and financial updates[189].