(b) 經營租賃承擔 | --- | --- | --- | --- | --- | --- | |------------|------------------------------------|--------------------------------------------------|-------------------------------------------------|-------------------|------------| | | 二零二三年 \n收入 \n人民幣百萬元 | 截至六月三十日止六個月 \n \n佔總收入 \n百分比 | 二零二二年 \n收入 \n人民幣百萬元 \n（重列） | 佔總收入 \n百分比 | 變動百分比 | | 香味增強劑 | 306.0 | 38.0% | 323.8 | 30.7% | -5.5% | | 食品香精 | 87.3 | 10.8% | 86.8 | 8.2% | +0.6% | | 日用香精 | 62.0 | 7.7% | 65.5 | 6.2% | -5.3% | | 電子煙產品 | 326.5 | 40.6% | 555. ...

Financial Performance - For the year ended December 31, 2022, the group's total revenue was approximately RMB 2,324,800,000, a slight increase of 1.7% compared to RMB 2,286,100,000 in the previous year[20]. - Net profit for the year was RMB 84,500,000, a significant decrease of 62.5% due to a one-time provision of RMB 143,100,000 related to two lawsuits[5]. - Excluding the aforementioned provision, the net profit would have been RMB 227,600,000, a slight increase of 0.9% year-on-year[5]. - Gross profit for the year was approximately RMB 786,900,000, a decrease of 11.8% from RMB 892,300,000 in the previous year, with a gross margin decline from 39.0% to 33.8%[24]. - The net profit for the review period was RMB 84,500,000, a significant decrease of 62.5% from approximately RMB 225,600,000 in the previous year, primarily due to a one-time provision of RMB 143,100,000 related to litigation[40]. - Net profit for the year ended December 31, 2022, was approximately RMB 84.5 million, a significant decrease of 62.5% from RMB 225.6 million in 2021, with a net profit margin dropping to about 3.6%[61]. Revenue Breakdown - The electronic cigarette segment generated revenue of approximately RMB 1,164,900,000, a decrease of 4.0% from RMB 1,213,400,000 in the previous year[23]. - The flavor enhancer segment recorded revenue of RMB 795,900,000, accounting for 34.2% of total revenue, an increase of 9.1% from the previous year[21]. - The food flavor segment achieved revenue of RMB 171,700,000, representing a 3.7% increase year-on-year[22]. - The daily flavor segment reported revenue of RMB 149,800,000, an increase of 8.3% compared to the previous year[22]. - The investment property segment generated revenue of RMB 42,500,000, an increase of 7.1% from RMB 39,700,000 in the previous year[24]. - The electronic cigarette and flavor enhancer segments contributed approximately 84.3% to the total revenue of the group[40]. Expenses and Losses - Administrative expenses for the fiscal year were approximately RMB 359,400,000, accounting for about 15.5% of total revenue, a slight increase from 15.7% in the previous year[25]. - Other losses for the fiscal year amounted to approximately RMB 170,300,000, compared to a loss of RMB 5,400,000 in the previous year, mainly due to revaluation losses on investment properties and a one-time litigation provision[27]. - The financial costs for the fiscal year were approximately RMB 45,800,000, a decrease from RMB 57,400,000 in the previous year, attributed to increased interest income[47]. - Sales and marketing expenses for the year were approximately RMB 102.1 million, accounting for about 4.4% of annual revenue, down from 6.3% in 2021, reflecting a 29.2% decrease[57]. Assets and Liabilities - As of December 31, 2022, the company's net current assets were approximately RMB 189.3 million, an increase from RMB 138.8 million in 2021[52]. - The total equity of the company as of December 31, 2022, was approximately RMB 3.26 billion, up from RMB 3.17 billion in 2021, primarily due to increases in other reserves and retained earnings[53]. - The company's total borrowings amounted to approximately RMB 1.67 billion as of December 31, 2022, compared to RMB 1.40 billion in 2021, resulting in a debt-to-equity ratio of 51.1%[53]. - Total liabilities in 2022 were HKD 445,309 million, up from HKD 323,214 million in 2021, indicating a significant increase in debt[93]. - The debt-to-equity ratio increased to 51.1% in 2022 from 44.0% in 2021, reflecting a higher leverage position[137]. Market and Business Strategy - The group plans to accelerate the development of its electronic cigarette business in response to the expanding market following the issuance of necessary licenses[11]. - The group plans to continue strict cost control measures and enhance growth momentum in the tobacco industry[42]. - The company has obtained a series of licenses related to e-cigarette oil and production, aiming to adapt to new regulations and expand its e-cigarette business in 2023[51]. - The company plans to enhance its electronic cigarette product design and production to meet national standards, anticipating a recovery in growth momentum in 2023[51]. - The company is facing risks including adverse market conditions, uncertainties in business development, and changes in consumer trends, which may significantly impact its financial condition and operational performance[28]. Intangible Assets and Impairments - The total value of customer relationships decreased from RMB 162,420 thousand at the beginning of 2021 to RMB 102,675 thousand by the end of 2022, representing a decline of approximately 37%[193]. - The total value of patents, formulas, and trademarks decreased from RMB 55,258 thousand to RMB 29,555 thousand, a reduction of about 47%[193]. - Research and development costs at the end of 2022 were RMB 4,005 thousand, down from RMB 8,544 thousand at the end of 2021, indicating a decrease of approximately 53%[193]. - The total accumulated amortization increased from RMB 261,500 thousand to RMB 309,883 thousand, reflecting an increase of about 18%[193]. - The company recorded an impairment loss of RMB 3,098 thousand related to non-competitive agreements, which remained consistent over the two years[193].

China Boton Group Company Limited （在開曼群島註冊成立的有限公司） （股份代號：3318） – 1 – – 2 – | --- | --- | --- | --- | |--------------------------------|-------|---------------------|-------------------| | | | | | | | | 於十二月三十一日 | | | | 附註 | 二零二二年 | 二零二一年 | | 資產 | | | | | 非流動資產 | | | | | 物業、廠房及設備 | | 1,499,035 | 1,499,250 | | 使用權資產 | | 119,906 | 129,196 | | 投資物業 無形資產 | | 637,000 1,768,882 | 547,900 1,817,799 | | 遞延所得稅資產 | 11 | 39,800 | 20,663 | | | | | | | 購買物業、廠房及設備的預付款項 | 9 | 33,754 | 57,347 | | | | | | | | | 4,098,377 | 4 ...

China Boton Group Company Limited 中 國 波 頓 集 團 有 限 公 司 (在開曼群島註冊成立之有限公司) (股份代號：3318) .88 中 期 報 告 2022 目錄 2 公司資料 3 中期簡明合併資產負債表 5 中期簡明合併利潤表 6 中期簡明合併綜合收益表 7 中期簡明合併權益變動表 8 中期簡明合併現金流量表 9 中期簡明合併財務報表附註 23 管理層討論和分析 30 其他資料 公司資料 | --- | --- | |-----------------------------------------------------|------------------------------------------------------------------------------------| | 董事會 | 主要往來銀行 | | 執行董事 | 中國銀行（香港）有限公司 | | 王明凡先生， 榮譽勳章 （主席兼行政總裁） 李慶龍先生 | 恒生銀行有限公司 中國銀行股份有限公司－深圳分行 滙豐銀行（中國）有限公司－深圳分行 | | 楊迎春先生 | 交通銀行股份有限公司－ ...

波顿 Q3800 BOTON China Boton Group Company Limited 中 國 波 頓 集 團 有 限 公 司 (於開曼群島註冊成立之有限公司) (股份代號：3318) � 2021 C 目錄 2 公司資料 3 主席報告 5 管理層討論和分析 13 董事及高級管理層 16 企業管治報告 25 董事會報告 34 獨立核數師報告 40 合併資產負債表 42 合併利潤表 43 合併綜合收益表 44 合併權益變動表 46 合併現金流量表 47 合併財務報表附註 107 五年財務概要 108 投資物業詳情 中國波頓集團有限公司 二零二一年年報 公司資料 | --- | --- | |-------------------------------------------|-------------------------------------------------| | | | | 董事會 | 主要往來銀行 | | 執行董事 | 中國銀行（香港）有限公司 | | 王明凡先生， 榮譽勳章 （主席兼行政總裁） | 恒生銀行有限公司 中國銀行股份有限公司－深圳分行 | | 李慶龍先生 | 滙豐銀行 ...

波顿 (1/2 China Boton Group Company Limited 中 國 波 頓 集 團 有 限 公 司 (在開曼群島註冊成立之有限公司) (股份代號：3318) 中 期 報 告 2021 目錄 2 公司資料 3 中期簡明合併資產負債表 5 中期簡明合併利潤表 6 中期簡明合併綜合收益表 7 中期簡明合併權益變動表 8 中期簡明合併現金流量表 9 中期簡明合併財務報表附註 23 管理層討論和分析 30 其他資料 中期報告 2021 | 中國波頓集團有限公司 公司資料 | --- | --- | |----------------------------------|-------------------------------------------------------------| | | | | 董事會 | 主要往來銀行 | | 執行董事 | 中國銀行（香港）有限公司 | | 王明凡先生， 榮譽勳章 | 恒生銀行有限公司 | | （主席兼行政總裁） | 中國銀行股份有限公司－深圳分行 | | 李慶龍先生 | 滙豐銀行（中國）有限公司－深圳分行 | | 楊迎春先生 | 交通銀行股份有限 ...

China Boton Group Company Limited China Boton Group Company Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 3318) Annual Report 2020 中國波頓集團有限公司 年報 ANNUAL REPORT 2O2O China Boton Group Company Limited (在開曼群島註冊成立的有限公司) (股份代號：3318) 2O2O 年 報 0 | --- | --- | --- | --- | --- | --- | --- | |-------|-------|------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | | | | | | | | | | 2 | 公司資料 | | | | | | | 3 | 主席報告 | | | | ...

China Boton Group Company Limited 中 國 波 頓 集 團 有 限 公 司 OTON (在開曼群島註冊成立的有限公司) (股份代號：3318) 中期報告 2O2O 目 錄 2 公司資料 3 中期簡明合併資產負債表 5 中期簡明合併利潤表 6 中期簡明合併綜合收益表 7 中期簡明合併權益變動表 8 中期簡明合併現金流量表 9 中期簡明合併財務報表附註 25 管理層討論和分析 1 中國波頓集團有限公司 二零二零年中期報告 公司資料 獨立非執行董事 梁偉民先生 董事會 執行董事 王明凡先生，榮譽勳章 （主席兼行政總裁） 李慶龍先生 楊迎春先生 吳冠雲先生 周小雄先生 董事委員會 審核委員會 吳冠雲先生（主席） 梁偉民先生 周小雄先生 薪酬委員會 吳冠雲先生（主席） 梁偉民先生 周小雄先生 王明凡先生，榮譽勳章 提名委員會 梁偉民先生（主席） 吳冠雲先生 周小雄先生 王明凡先生，榮譽勳章 公司秘書 馬兆杰先生 核數師 羅兵咸永道會計師事務所 主要往來銀行 中國銀行（香港）有限公司 恒生銀行有限公司 中國銀行深圳分行 深圳平安銀行 註冊辦公室 Cricket Square Hutchin ...

Financial Performance - For the year ended December 31, 2019, the company's total revenue was approximately RMB 1,641,300,000, an increase of 43.2% compared to RMB 1,146,400,000 in 2018[22] - The company's net profit for the same period was RMB 163,500,000, reflecting an increase of 11.8% from RMB 146,300,000 in 2018[22] - The gross profit increased to approximately RMB 763,700,000, up 29.8% from RMB 588,200,000 in the previous year[22] - The health products segment saw a significant revenue increase to approximately RMB 739.3 million, up 221.2% from RMB 230.2 million in the previous year, driven by expanded distribution in South Korea and the United States[31] - The gross profit for the year was approximately RMB 763.7 million, a 29.8% increase from RMB 588.2 million in 2018, but the gross margin decreased from 51.3% to 46.5%[36] - The net profit for the year was approximately RMB 163.5 million, an increase of 11.8% from RMB 146.3 million in 2018, with a net profit margin of about 10.0%[46] Revenue Breakdown - The health products and flavor enhancers segments contributed over 81.7% of the total revenue for the company in 2019[22] - The revenue from flavor enhancers was approximately RMB 602.2 million, a slight decrease of 0.07% from RMB 602.6 million in 2018[28] - The revenue from food flavors was approximately RMB 136.3 million, a decrease of 5.6% from RMB 144.4 million in 2018[29] - The revenue from daily-use fragrances was approximately RMB 132.4 million, down 7.3% from RMB 142.9 million in 2018[30] - The investment property segment generated revenue of approximately RMB 31.1 million, an increase of 18.3% from RMB 26.3 million in 2018[32] Business Strategy and Future Plans - The company plans to continue strengthening its five business segments to maintain its leading position in the flavors and fragrances industry[12] - The company is committed to developing more innovative flavor and fragrance products as well as electronic cigarette products[12] - The company aims to enhance shareholder value and return on investment through continuous support and engagement with its stakeholders[12] - The group plans to standardize and institutionalize operations and production units in 2020 to enhance efficiency and R&D capabilities[49] - The group aims to expand its overseas network and maintain market leadership in 2020 despite challenges posed by the COVID-19 pandemic[49] - The company plans to continue developing its electronic cigarette business in China and other countries, as well as researching the feasibility of applying electronic cigarette atomizers in healthcare and medical fields[159] Financial Management and Governance - The management has implemented strict credit control and conservative financial policies to improve cash flow and enhance liquidity ratios[22] - The company has established a strong financial management structure, with a focus on overall financial planning and management[80] - The company has maintained a high level of corporate governance to enhance transparency and protect shareholder interests[95] - The company has adopted policies and procedures to ensure effective corporate governance and continuous improvement[95] - The board of directors as of December 31, 2019, includes three executive directors and three independent non-executive directors[98] - The company has established various board committees to enhance governance practices[95] Shareholder Information - The company reported no dividend distribution for the year ending December 31, 2019, compared to a dividend of HKD 0.034 per share in 2018[161] - As of December 31, 2019, the company's distributable reserves were approximately RMB 415.3 million, a decrease from RMB 442.7 million in 2018[168] - The total number of shares outstanding as of December 31, 2019, was 896,274,814, with a par value of HKD 0.10 per share[163] - Mr. Wang Mingfan holds a total of 498,134,529 shares, representing 55.58% of the company's issued share capital[178] - The major shareholders include Mr. Wang Mingfan with 55.58%, Chuanghua Co., Ltd. with 38.86%, and Full Ashley Enterprises Limited with 2.16%[192] Corporate Changes - The company is proposing a name change to "China Boton Group Limited" to reflect its evolving business strategy[12] - The company announced a name change to "China Boton Group Company Limited" to enhance corporate identity and align with its main operating subsidiaries[74] - The company has been focusing on expanding its brand recognition under the "Boton" name, which has been accumulated over the years[74] Employee and Operational Information - The group employed a total of 2,225 employees as of December 31, 2019, an increase from 1,348 employees in 2018, primarily due to increased labor demand at production facilities in Huizhou and Dongguan[64] - Capital expenditure for fixed assets was approximately RMB 282,500,000 for the year ended December 31, 2019, compared to RMB 231,800,000 in 2018[59] Risk Management - The board is responsible for maintaining an effective risk management and internal control system, with an annual review conducted by an external auditor[142] - The company secretary is responsible for ensuring compliance with board procedures and maintaining relationships with shareholders[143]

Financial Performance - Revenue for the six months ended June 30, 2019, was RMB 613,405 thousand, an increase of 12.5% compared to RMB 545,377 thousand for the same period in 2018[11] - Gross profit for the same period was RMB 306,383 thousand, representing a gross margin of approximately 50%[11] - Operating profit decreased to RMB 137,390 thousand, down 8.1% from RMB 149,501 thousand in the previous year[11] - Net profit attributable to the company's owners was RMB 69,347 thousand, a decrease of 11.7% from RMB 78,667 thousand in the prior year[11] - Total comprehensive income for the same period was 74,991 thousand RMB, down from 79,401 thousand RMB, indicating a decrease of about 5.2%[15] - The company's profit for the six months ended June 30, 2019, was 77,721 thousand RMB, a decrease from 84,454 thousand RMB in the same period of 2018, representing a decline of approximately 8.6%[15] - The company reported a basic earnings per share of RMB 0.08, down from RMB 0.10 in the same period last year[11] - The company's net profit for the six months ended June 30, 2019, was RMB 84,454,000, compared to RMB 62,872,000 for the same period in the previous year, indicating a year-on-year increase[58] - The company's profit attributable to equity holders for the six months ended June 30, 2019, was RMB 69,347,000, a decrease from RMB 78,667,000 in 2018, representing a decline of approximately 11.8%[95] Assets and Liabilities - Total assets as of June 30, 2019, were RMB 5,428,779 thousand, an increase of 8.4% from RMB 5,006,914 thousand as of December 31, 2018[9] - Total liabilities increased to RMB 2,729,462 thousand, up 16% from RMB 2,355,188 thousand at the end of 2018[9] - The total borrowings as of June 30, 2019, amounted to RMB 1,713,775,000, an increase from RMB 1,337,526,000 as of December 31, 2018[78] - Total liabilities as of June 30, 2019, amounted to RMB 703,389 thousand, with current liabilities at RMB 418,685 thousand[12] - The total value of prepayments increased to RMB 171,137,000 as of June 30, 2019, compared to RMB 89,867,000 as of December 31, 2018[74] Cash Flow - The net cash generated from operating activities was 10,263 thousand RMB, significantly lower than 62,356 thousand RMB in the previous year, reflecting a decline of approximately 83.5%[23] - The net cash used in investing activities was 106,323 thousand RMB, compared to 92,126 thousand RMB in the prior year, showing an increase of about 15.4%[23] - Financing activities generated a net cash inflow of 304,025 thousand RMB, up from 133,335 thousand RMB, representing an increase of approximately 128.3%[23] - The company's cash and cash equivalents at the end of the period were 513,875 thousand RMB, an increase from 281,585 thousand RMB, indicating a growth of about 82.3%[23] Market Expansion and Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[11] - The company has expanded its market presence into over 20 countries, including the United States and the European Union, since 2016, focusing on e-cigarettes and related products[26] - The company plans to continue investing in new product development and market expansion strategies to enhance its competitive position in the industry[26] - The company plans to enhance its research and development capabilities in the fragrance and electronic cigarette markets to maintain its competitive edge[103] Accounting and Financial Standards - The adoption of Hong Kong Financial Reporting Standard 16 resulted in an increase in right-of-use assets by RMB 30,246,000[39] - The total assets increased by RMB 29,374,000 as of June 30, 2019, due to accounting policy changes[43] - The total liabilities increased by RMB 30,238,000 as of June 30, 2019, reflecting the recognition of lease liabilities[43] - The pre-tax profit for the six months ended June 30, 2019, decreased by RMB 865,000 due to the accounting policy change[43] - Earnings per share decreased by 0.098 cents as a result of the adoption of the new accounting standard[41] - The group recognized lease liabilities amounting to RMB 30,246,000 as of January 1, 2019, with current lease liabilities at RMB 5,007,000 and non-current lease liabilities at RMB 25,239,000[35] - The group opted not to reassess contracts at the date of initial application to determine if they contain leases[42] - The group utilized a simplified transition approach for the adoption of the new standard, measuring right-of-use assets at the amount of lease liabilities[33] - The accounting policy changes did not require restatement of comparative figures for the fiscal year 2018[33] Segment Performance - For the six months ended June 30, 2019, the total revenue from external customers was RMB 545,377,000, with the breakdown as follows: RMB 288,401,000 from flavor enhancers, RMB 69,079,000 from food flavors, RMB 57,173,000 from daily fragrances, RMB 108,692,000 from health products, and RMB 22,032,000 from investment properties[56] - The operating profit for the same period was RMB 149,501,000, with the contributions from each segment being RMB 91,310,000 from flavor enhancers, RMB 19,354,000 from food flavors, RMB 6,308,000 from daily fragrances, RMB 18,504,000 from health products, and RMB 25,932,000 from investment properties[58] - The operating revenue from health products surged to approximately RMB 200,900,000, a significant increase of 84.8% compared to RMB 108,700,000 in the previous year[109] - The revenue from flavor enhancers was approximately RMB 273,700,000, a decrease of 5.1% from RMB 288,400,000 in the same period last year[106] - The revenue from food flavors decreased to approximately RMB 63,700,000, down 7.8% from RMB 69,100,000 in 2018 due to delayed orders[107] - The revenue from daily-use fragrances was approximately RMB 60,700,000, an increase of 6.1% from RMB 57,200,000 in the previous year[108] - The revenue from investment properties decreased significantly by 34.5% to approximately RMB 14,400,000 from RMB 22,000,000 in 2018 due to the termination of a lease contract[110] Governance and Management - The company emphasizes the importance of corporate governance to enhance transparency and protect the interests of shareholders, customers, employees, and other stakeholders[150] - The board believes that the current structure, where the CEO also serves as the chairman, provides strong and continuous leadership for long-term business planning and strategy execution[151] - All directors confirmed compliance with the standard code of conduct for securities trading throughout the six-month period ending June 30, 2019[151] - The audit committee consists of three independent non-executive directors and has reviewed the group's unaudited interim consolidated financial statements for the six months ending June 30, 2019[146] - The remuneration committee is responsible for considering and approving the compensation arrangements for senior employees, including salary and bonus plans[147] - The nomination committee reviews the board's structure and diversity, making recommendations for director appointments[148]