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，概不對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。 China PengFei Group Limited 中 國 鵬 飛 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3348） 截至二零二三年六月三十日止六個月 中期業績公告 摘要 • 截至二零二三年六月三十日止六個月的收益約為人民幣843.5百萬元，相較 去年同期減少約1.8%。 • 截至二零二三年六月三十日止六個月的毛利約為人民幣144.4百萬元，相較 去年同期減少約4.5%。 • 截至二零二三年六月三十日止六個月的除稅前溢利約為人民幣78.0百萬 元，相較去年同期增加約10.3%。 • 本公司擁有人應佔截至二零二三年六月三十日止六個月的溢利及全面收入 總額約為人民幣63.9百萬元，相較去年同期增加約5.4%。 ...

Financial Performance - For the year ended December 31, 2022, the company reported revenue of approximately RMB 1,587.4 million, a decrease of RMB 237.7 million or 13.0% compared to the previous year[53]. - The company's gross profit for the same period was approximately RMB 288.5 million, down RMB 14.5 million or 4.8%, while the gross profit margin increased from 16.6% to 18.2%[55]. - The profit before tax was approximately RMB 144.6 million, an increase of 11.3% compared to the previous year[61]. - The total profit and comprehensive income attributable to the owners of the company was approximately RMB 122.2 million, an increase of 11.9% year-on-year[61]. - The revenue from equipment manufacturing was RMB 1,424.6 million, a decrease of 4.0% from RMB 1,484.7 million in the previous year[84]. - Revenue from installation services decreased by 4.2% to approximately RMB 19.1 million from RMB 19.9 million in the previous year[85]. - The revenue from production line construction significantly decreased by 55.2% to approximately RMB 143.8 million from RMB 320.5 million in the previous year[70]. - The company recorded other income of approximately RMB 17.0 million for the year, compared to a loss of RMB 4.9 million in the previous year, primarily due to a turnaround from foreign exchange losses[56]. Cash Flow and Liquidity - The group's cash and cash equivalents were approximately RMB 345.7 million as of December 31, 2022, down from RMB 393.7 million as of December 31, 2021[6]. - The net cash generated from operating activities was approximately RMB 44.0 million for the year ended December 31, 2022, compared to RMB 204.9 million for the previous year[9]. - The group recorded a net cash outflow of approximately RMB 167.8 million from investing activities for the year ended December 31, 2022, compared to RMB 198.0 million for the previous year[9]. - The financing activities generated a net cash inflow of approximately RMB 72.3 million for the year ended December 31, 2022, compared to a net cash outflow of RMB 40.0 million for the previous year[9]. - The company did not face any liquidity issues as of December 31, 2022, maintaining sufficient cash and cash equivalents to manage operational funding[38]. Assets and Liabilities - The company's net current assets as of December 31, 2022, were approximately RMB 138.8 million, compared to RMB 95.1 million as of December 31, 2021[31]. - As of December 31, 2022, the total assets amounted to RMB 818,835,000, an increase from RMB 688,195,000 as of December 31, 2021, representing a growth of approximately 19%[165]. - The total value of restricted bank deposits and receivables pledged to banks was approximately RMB 143.1 million as of December 31, 2022, compared to RMB 49.0 million as of December 31, 2021[2]. - The group had unutilized bank financing of approximately RMB 405.1 million as of December 31, 2022[6]. - The company's liquidity ratio was 106.5% as of December 31, 2022, compared to 104.7% as of December 31, 2021[31]. Expenditures - As of December 31, 2022, the group's capital expenditure was approximately RMB 110.8 million, a decrease from RMB 120.8 million as of December 31, 2021[1]. - The company has fully utilized approximately RMB 118.0 million for investments in new production facilities and equipment as of December 31, 2022[21]. - The company invested RMB 16 million in 2022 to install 4 megawatts of distributed photovoltaic panels, significantly reducing electricity costs and promoting clean production[50]. Research and Development - Research and development expenses decreased by RMB 2.9 million or 9.6% to approximately RMB 27.6 million for the year ended December 31, 2022, compared to RMB 30.5 million for the year ended December 31, 2021, primarily due to a decrease in technical consulting fees[27]. - The company is focusing on carbon peak and carbon neutrality goals, accelerating project construction and green transformation initiatives[49]. - The company plans to enhance its research and development capabilities in energy-saving and environmental protection technologies, collaborating with Chinese research institutions[50]. Customer and Market Insights - Revenue from customers in "Belt and Road" countries accounted for approximately 10.9% of total revenue in 2022, down from 19.9% in 2021[50]. - The company plans to expand its customer base by entering emerging markets such as countries along the "Belt and Road" initiative, despite facing various risks and uncertainties[97]. - The company is actively exploring production line construction opportunities in emerging markets along the "Belt and Road" initiative[51]. Expenses and Costs - The company's operating expenses decreased by approximately RMB 4.9 million or 9.2% to about RMB 47.9 million for the year ended December 31, 2022, compared to RMB 52.8 million for the year ended December 31, 2021, mainly due to a reduction in professional service fees[25]. - Sales and service costs decreased by approximately RMB 223.2 million or 14.7% to about RMB 1,298.9 million for the year ended December 31, 2022, primarily due to a reduction in sales[86]. - The cost of raw materials accounted for approximately 79.6% of the total sales and service costs for the year ended December 31, 2022, compared to 69.7% in 2021, indicating a significant increase in material costs[117]. Shareholder Information - The board proposed a final dividend of RMB 0.074 per ordinary share, totaling RMB 37.0 million, subject to shareholder approval[94]. - The company declared dividends of RMB 33,000,000 for the year ended December 31, 2022, down from RMB 40,000,000 in 2021, reflecting a decrease of 17.5%[163]. Compliance and Governance - The consolidated financial statements are prepared in accordance with International Financial Reporting Standards, with a reasonable expectation of sufficient resources for continued operation in the foreseeable future[199]. - The financial statements are prepared based on historical cost, except for financial instruments measured at fair value[199]. - The company’s board has reasonable expectations regarding the group’s ability to continue as a going concern[199].

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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 China PengFei Group Limited 中 國 鵬 飛 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3348） 截至二零二二年十二月三十一日止年度 年度業績公告 及建議採納經修訂及重列的大綱及細則 年度業績摘要 • 截至二零二二年十二月三十一日止年度的收益約為人民幣1,587.4百萬元， 相較去年減少13.0%。 • 截至二零二二年十二月三十一日止年度的毛利約為人民幣288.5百萬元，相 較去年減少約4.8%。 • 截至二零二二年十二月三十一日止年度的除稅前溢利約為人民幣144.6百萬 元，相較去年增加11.3%。 • 本公司擁有人應佔截至二零二二年十二月三十一日止年度的溢利及全面收 入總額約為人民幣122.2百萬元，相較去年增加11.9%。 ...

Fund Utilization - The net proceeds from the share issuance amounted to approximately HKD 150.0 million, with HKD 141.6 million utilized by December 31, 2021[3] - The remaining unutilized proceeds as of December 31, 2021, were HKD 8.4 million, indicating a significant deployment of funds[7] - The company plans to fully utilize the remaining unutilized proceeds by the end of 2022, despite delays caused by the COVID-19 pandemic[8] Investment Projects - Investment in the new rotary kiln project, including purchasing new machinery and constructing a new production facility, accounted for HKD 71.3 million[3] - The company aims to enhance the production capacity and efficiency of its rotary kiln and grinding equipment systems, with an investment of HKD 10.5 million for multi-tasking machine tools[5] Research and Development - Research and development for advanced roasting and pyrolysis technology involved joint studies with a Chinese engineering research institute, costing HKD 10.2 million[5] - The company has engaged in joint research with a well-known Chinese university to develop efficient low-rank coal pyrolysis technology, with expenditures of HKD 3.1 million[5] Marketing and Promotion - The company participated in local and international exhibitions and conferences, spending HKD 5.2 million on promotional activities[7] - The company upgraded and optimized its website to increase the number of available languages, costing HKD 1.7 million[7] Financial Reporting - The company confirmed that the supplementary information does not affect other data contained in the 2021 annual report[8]

Financial Performance - For the six months ended June 30, 2022, the revenue was approximately RMB 859.2 million, an increase of about 0.8% compared to the same period last year[15]. - The gross profit for the same period was approximately RMB 151.2 million, representing an increase of about 18.3% year-on-year[15]. - The profit before tax for the six months ended June 30, 2022, was approximately RMB 70.7 million, an increase of about 12.2% compared to the previous year[15]. - The total profit and comprehensive income attributable to the owners of the company for the same period was approximately RMB 60.8 million, reflecting a year-on-year increase of about 12.1%[15]. - The earnings per share attributable to ordinary shareholders for the six months ended June 30, 2022, was RMB 12.16 cents[15]. - Revenue for the six months ended June 30, 2022, was RMB 859,204 thousand, a slight increase of 0.85% compared to RMB 852,480,000 for the same period in 2021[144]. - The gross profit for the same period was RMB 151,242 thousand, up from RMB 127,897 thousand in 2021, indicating a significant increase of about 18.25%[102]. - The company's profit before tax was RMB 70,703 thousand, compared to RMB 63,037 thousand in the previous year, reflecting an increase of approximately 12.66%[102]. - The net profit attributable to the owners of the company for the period was RMB 60,783 thousand, which is an increase from RMB 54,198 thousand in 2021, marking a growth of around 12.93%[102]. Revenue Breakdown - Revenue from the building materials industry for the six months ended June 30, 2022, was approximately RMB 348.2 million, a decrease from RMB 414.0 million for the same period in 2021[22]. - Revenue from non-building materials customers accounted for approximately 69.9% of total equipment manufacturing revenue for the six months ended June 30, 2022, up from 65.4% in the same period of 2021[22]. - Revenue from equipment manufacturing increased by approximately RMB 59.2 million or 8.9% to approximately RMB 726.0 million for the six months ended June 30, 2022, compared to RMB 666.8 million in the same period of 2021[32]. - Revenue from installation services rose by approximately RMB 2.9 million or 74.6% to approximately RMB 6.7 million for the six months ended June 30, 2022, driven by increased demand from equipment manufacturing customers[32]. - Revenue from production line construction decreased by approximately RMB 55.4 million or 30.4% to approximately RMB 126.5 million for the six months ended June 30, 2022, primarily due to the completion of a project in Ivory Coast[33]. Strategic Focus - The company is focusing on green development by investing in distributed photovoltaic power generation projects and creating provincial-level green factories[18]. - The company plans to enhance its research and development efforts, strengthen its technology talent pool, and accelerate digital transformation to drive innovation[18]. - The company aims to capture opportunities in the rapidly growing electric vehicle market, particularly in the demand for core battery materials like lithium and nickel[18]. - The company is committed to maintaining safety and risk management while continuing to push for high-quality development in the industry[18]. - The company is focusing on expanding its business into potential markets along the "Belt and Road" initiative, with revenue from these countries accounting for approximately 20.3% of total revenue for the six months ended June 30, 2022[23]. - The company is actively involved in the construction of four production line projects, three of which are located in "Belt and Road" countries[23]. Assets and Liabilities - As of June 30, 2022, the company's debt-to-equity ratio was 287.0%, a slight decrease from 289.4% on December 31, 2021[53]. - The company's net current assets were approximately RMB 101.3 million as of June 30, 2022, with a current ratio of 104.8%[47]. - As of June 30, 2022, non-current assets totaled RMB 679,209 thousand, an increase from RMB 642,947 thousand as of December 31, 2021[104]. - Current assets amounted to RMB 2,194,992 thousand, compared to RMB 2,140,803 thousand at the end of 2021, reflecting a growth of approximately 2.5%[104]. - Total liabilities were RMB 2,093,709 thousand, slightly down from RMB 2,045,654 thousand, showing a decrease of about 2.5%[104]. - The company's equity attributable to owners increased to RMB 742,424 thousand from RMB 714,641 thousand, reflecting a growth of approximately 3.9%[107]. Cash Flow and Investments - For the six months ended June 30, 2022, the net cash generated from operating activities was approximately RMB 11.0 million, down from RMB 21.3 million for the same period in 2021[53]. - The net cash used in investing activities for the same period was approximately RMB 14.3 million, significantly lower than RMB 110.6 million in the previous year[53]. - The company reported a net cash inflow from financing activities of approximately RMB 91,000, compared to a net cash outflow of RMB 9,000 in the prior year[53]. - Capital expenditures for the six months ended June 30, 2022, were approximately RMB 49.9 million, down from RMB 59.2 million for the same period in 2021[63]. - The company utilized approximately RMB 148.5 million of the net proceeds from its share offering, with RMB 1.5 million remaining unutilized as of June 30, 2022[70]. Employee and Governance - The total employee cost for the six months ended June 30, 2022, was approximately RMB 61.7 million, an increase from RMB 53.8 million in the same period of 2021[67]. - The company has adopted the corporate governance code as per the listing rules and has complied with it during the reporting period[82]. - The company has established an audit committee to review the unaudited interim financial information, ensuring compliance with applicable accounting standards and regulations[96]. Other Financial Metrics - Other income significantly decreased by approximately RMB 2.0 million or 47.7% to about RMB 2.2 million for the six months ended June 30, 2022, primarily due to reduced interest income from bank deposits and government grants[36]. - The company recorded other income of approximately RMB 14.0 million for the six months ended June 30, 2022, compared to other losses of approximately RMB 0.1 million for the same period in 2021, mainly due to increased investment income and foreign exchange gains[37]. - Sales and distribution expenses increased by approximately RMB 19.4 million or 65.4% to about RMB 49.1 million for the six months ended June 30, 2022, due to higher transportation and port expenses[40]. - Administrative expenses decreased by approximately RMB 4.2 million or 20.6% to about RMB 16.3 million for the six months ended June 30, 2022, mainly due to reduced professional service fees[41].

Financial Performance - For the year ended December 31, 2021, the revenue was approximately RMB 1,825.1 million, an increase of 15.9% compared to the previous year[7] - The gross profit for the same period was approximately RMB 303.0 million, a decrease of about 1.8% year-on-year[7] - The profit before tax was approximately RMB 129.9 million, a decrease of 16.8% compared to the previous year[7] - The total profit and comprehensive income attributable to the owners of the company was approximately RMB 109.2 million, a decrease of 17.2% year-on-year[7] - The earnings per share attributable to ordinary shareholders was RMB 21.85 cents[7] - The board proposed a final dividend of RMB 0.066 per ordinary share, totaling RMB 33 million[7] - Sales and service costs increased by approximately RMB 256.3 million or 20.2% to about RMB 1,522.1 million for the year ended December 31, 2021, primarily due to increased sales[28] - Other income decreased by RMB 25.5 million or 70.8% to approximately RMB 10.5 million due to a reduction in government subsidies recognized in profit or loss[30] - Income tax expenses decreased by RMB 4.5 million or 18.6% to approximately RMB 19.6 million, with effective tax rates remaining stable at 15.4% and 15.1%[38] - Profit attributable to owners of the company decreased by RMB 22.7 million or 17.2% to approximately RMB 109.2 million[39] Revenue Breakdown - Revenue from the equipment manufacturing business rose by RMB 305.2 million or 25.9% to RMB 1,484.7 million for the year ended December 31, 2021, attributed to increased sales to major customers in mainland China[25] - Revenue from installation services decreased by RMB 3.4 million or 14.5% to approximately RMB 19.9 million, mainly due to reduced demand from equipment manufacturing customers[27] - Revenue from production line construction declined by RMB 51.2 million or 13.8% to approximately RMB 320.5 million, primarily due to a decrease in revenue from a production line project in Ivory Coast[27] - The construction industry accounted for approximately 49.6% of total revenue for the year ended December 31, 2021, compared to 48.7% in 2020[77] - Revenue from customers outside of China was approximately RMB 404.5 million for the year ended December 31, 2021, representing about 22.2% of total revenue, down from 25.8% in 2020[79] Strategic Initiatives - The company aims to strengthen its leading position in the rotary kiln and grinding equipment industry in China and globally, while actively exploring emerging markets along the "Belt and Road" initiative[10] - The company plans to enhance its management capabilities and promote sustainable development in alignment with high-quality growth goals[11] - The company aims to expand its customer base in the building materials industry, generating approximately RMB 905.3 million in revenue from this sector for the year ended December 31, 2021, compared to RMB 767.5 million in 2020[16] - The company is actively exploring production line construction opportunities in emerging markets and "Belt and Road" countries due to increasing demand for rotary kilns and grinding equipment[22] - The company plans to diversify its business into metallurgy, chemical, and environmental protection industries to expand its customer base[73] Research and Development - The company continues to invest in R&D focused on energy-saving and environmental protection technologies, collaborating with Tsinghua University on key technologies for clean utilization of low-rank coal[18] - Research expenses decreased by RMB 4.0 million or 11.5% to approximately RMB 30.5 million, mainly due to a reduction in technical consulting fees and material consumption[36] - Research and development for the latest roasting and pyrolysis technology applicable to rotary kilns involved an investment of HKD 10.2 million, with HKD 2.6 million utilized and the remainder expected to be fully deployed by Q2 2022[64] Financial Position - Current assets net value as of December 31, 2021, was approximately RMB 95.1 million, with a current ratio of 104.7%[40] - Trade receivables decreased by RMB 31.3 million or 4.3% to approximately RMB 688.8 million, while trade receivables turnover days improved to 73 days from 84 days[42] - As of December 31, 2021, the company's cash and cash equivalents amounted to approximately RMB 393.7 million, a decrease from RMB 434.8 million as of December 31, 2020[44] - The company recorded a net cash inflow from operating activities of approximately RMB 204.9 million for the year ended December 31, 2021, compared to RMB 192.6 million for the previous year[45] - The company's debt-to-equity ratio as of December 31, 2021, was 289.4%, down from 309.0% as of December 31, 2020, primarily due to an increase in equity[45] Corporate Governance - The company aims to enhance its corporate governance and financial operations through experienced board members[173][174][177][185] - The company has adopted the corporate governance code as per the listing rules and believes it has fully complied during the reporting period[189] - The board consists of four executive directors and three independent non-executive directors as of the report date[193] - The company has implemented a diversity policy for board members, considering various factors such as professional skills, industry experience, and gender[198] - The board is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[189] Environmental Commitment - The company is committed to reducing negative environmental impacts and complying with applicable environmental laws and regulations in China[97] - Measures implemented to avoid potential environmental issues include standard emissions of pollutants such as sulfur dioxide and dust, and conducting environmental impact assessments prior to production[98] - The company will publish its Environmental, Social, and Governance (ESG) report within five months after the fiscal year-end[99] Risks and Challenges - The company relies heavily on the macroeconomic conditions in China, which significantly impact its revenue and growth prospects[75] - The company faces potential fluctuations in raw material costs due to factors beyond its control, which could significantly impact financial performance[82] - The company’s strategic expansion into emerging markets may encounter various risks and uncertainties, potentially affecting future growth and profitability[79]

Financial Performance - For the six months ended June 30, 2021, the revenue was approximately RMB 852.5 million, an increase of about 11.5% compared to the same period last year[15]. - The gross profit for the same period was approximately RMB 127.9 million, a slight decrease of about 0.6% year-on-year[15]. - The profit before tax for the six months ended June 30, 2021, was approximately RMB 63.0 million, an increase of about 10.9% compared to the previous year[15]. - The total profit and comprehensive income attributable to the owners of the company for the same period was approximately RMB 54.2 million, an increase of about 11.1% year-on-year[15]. - The earnings per share attributable to ordinary shareholders for the six months ended June 30, 2021, was RMB 10.84[15]. - Revenue for the six months ended June 30, 2021, was RMB 852,480 thousand, an increase of 11.5% compared to RMB 764,764 thousand in 2020[117]. - Gross profit for the same period was RMB 127,897 thousand, slightly down by 0.6% from RMB 128,706 thousand in 2020[117]. - Profit before tax increased to RMB 63,037 thousand, up 10.4% from RMB 56,843 thousand in the previous year[117]. - Net profit for the period was RMB 53,852 thousand, representing a 12.0% increase from RMB 47,987 thousand in 2020[117]. - Basic earnings per share rose to RMB 10.84, compared to RMB 9.76 in the same period last year, reflecting a growth of 11.1%[117]. Revenue Breakdown - Revenue from equipment manufacturing rose by approximately RMB 52.0 million or 8.5% to about RMB 666.8 million for the six months ended June 30, 2021, driven by increased sales to major customers in mainland China[41]. - Revenue from installation services decreased by approximately RMB 7.5 million or 66.0% to about RMB 3.8 million for the six months ended June 30, 2021, due to reduced demand from equipment manufacturing customers[41]. - Revenue from production line construction increased by approximately RMB 43.2 million or 31.1% to about RMB 181.9 million for the six months ended June 30, 2021[41]. - Revenue from the building materials sector was approximately RMB 414.0 million for the six months ended June 30, 2021, compared to RMB 344.9 million for the same period in 2020[27]. - Revenue from "Belt and Road" countries accounted for approximately 21.8% of total revenue for the six months ended June 30, 2021, up from 18.4% in the same period of 2020[28]. Market Outlook and Strategy - The company aims to strengthen its leading position in the rotary kiln and grinding equipment industry in China and globally, focusing on emerging markets along the "Belt and Road" initiative[17]. - The company continues to implement a technology innovation strategy, collaborating with universities and research institutes to develop energy-saving and environmentally friendly equipment[19]. - The company expects the construction machinery market demand to continue recovering, with major economic indicators projected to maintain growth throughout the year[23]. - The company is optimistic about the market for rotary kilns and grinding equipment, anticipating continued demand growth in overseas markets[31]. - The company plans to continue expanding its products and services into metallurgy, chemical, and environmental sectors due to increasing environmental awareness and government policies[31]. Expenses and Costs - Sales and service costs rose by approximately RMB 88.5 million or 13.9% to approximately RMB 724.6 million for the six months ended June 30, 2021, primarily due to sales growth[43]. - Gross profit decreased slightly by approximately RMB 0.8 million or 0.6% to approximately RMB 127.9 million, with the gross margin declining from 16.8% to 15.0%[45]. - Other income significantly decreased by approximately RMB 10.7 million or 72.1% to approximately RMB 4.1 million, mainly due to a reduction in government subsidies received[46]. - Selling and distribution expenses decreased by approximately RMB 12.6 million or 29.8% to approximately RMB 29.7 million, attributed to lower transportation costs[48]. - Administrative expenses decreased by approximately RMB 5.3 million or 20.3% to approximately RMB 20.6 million, due to lower rental payments[49]. - Research expenses increased by approximately RMB 2.9 million or 28.4% to approximately RMB 13.3 million, primarily due to higher employee costs and materials[50]. Assets and Liabilities - The net current asset value as of June 30, 2021, was approximately RMB 85.0 million, with a current ratio of 123.0%[56]. - Trade receivables increased by approximately RMB 61.4 million or 13.9% to approximately RMB 502.9 million, driven by increased sales[57]. - As of June 30, 2021, the group had cash and cash equivalents of approximately RMB 343.7 million, down from approximately RMB 434.8 million as of December 31, 2020[62]. - The group recorded a net cash inflow from operating activities of approximately RMB 21.3 million for the six months ended June 30, 2021, compared to RMB 139.7 million for the same period in 2020[63]. - The group’s debt-to-equity ratio was 312.0% as of June 30, 2021, compared to 309.0% as of December 31, 2020[62]. Shareholder Information - The company maintained a public float of at least 25% of its issued shares as required by the Hong Kong Stock Exchange[95]. - The company has adhered to the corporate governance code as stipulated in the listing rules throughout the reporting period[96]. - As of June 30, 2021, the company’s major shareholder, Ambon Holding Limited, holds 215,249,438 shares, representing approximately 43.05% of the total equity[103]. - PF International Group Limited owns 126,534,381 shares, accounting for about 25.31% of the total equity[103]. - PF Global Limited holds 47,326,181 shares, which is approximately 9.47% of the total equity[103]. - The board of directors did not recommend the distribution of an interim dividend for the six months ended June 30, 2021[106]. Investments and Acquisitions - The company has not disclosed any matters that require disclosure under the listing rules as of the report date[112]. - There were no significant investments or acquisitions made by the company during the six months ending June 30, 2021[92]. - The company has invested HKD 10.5 million to enhance the capacity and efficiency of its rotary kiln and grinding equipment, fully utilized by June 30, 2021[83]. - The group has not made any acquisitions or disposals of investment properties during the period, consistent with the previous year[175].

Financial Performance - For the year ended December 31, 2020, the revenue was approximately RMB 1,574.4 million, an increase of 7.4% compared to the previous year[7] - The gross profit for the same period was approximately RMB 308.6 million, a decrease of about 2.3% year-on-year[7] - The profit before tax was approximately RMB 156.1 million, representing an increase of 60.6% compared to the previous year[7] - The total profit and comprehensive income attributable to the owners of the company was approximately RMB 131.9 million, an increase of 67.2% year-on-year[7] - The earnings per share attributable to ordinary shareholders was RMB 26.39[7] - The company’s revenue for the year ended December 31, 2020, increased by approximately RMB 109.0 million or 7.4% to approximately RMB 1,574.4 million, primarily due to growth in the equipment manufacturing segment[24] - Equipment manufacturing revenue rose by RMB 217.9 million or 22.7% to RMB 1,179.5 million for the year ended December 31, 2020, driven by a rapid recovery in domestic customer demand following government infrastructure investment initiatives[25] - Revenue from installation services increased by RMB 1.9 million or 8.7% to approximately RMB 23.3 million, attributed to higher demand for installation services from equipment manufacturing customers[27] - Revenue from production line construction decreased by RMB 110.8 million or 23.0% to approximately RMB 371.7 million, mainly due to delays in overseas production line projects caused by the COVID-19 pandemic[27] - Revenue from the building materials sector was approximately RMB 767.5 million for the year ended December 31, 2020, compared to RMB 791.0 million in 2019[16] Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.08 per ordinary share, totaling RMB 40.0 million[7] - The company plans to distribute a final dividend of RMB 0.08 per share, totaling RMB 40.0 million, subject to shareholder approval[75] Market Expansion and Strategy - The company aims to strengthen its leading position in the rotary kiln and grinding equipment industry in both China and global markets[10] - The company plans to expand into emerging markets along the "Belt and Road" initiative while consolidating its position in existing markets[10] - The company is actively exploring opportunities in "Belt and Road" countries, with revenue from these markets accounting for approximately 24.4% of total revenue in 2020[17] - The company anticipates continued demand growth for rotary kilns and grinding equipment in overseas markets, leveraging the "Belt and Road" initiative for production line construction opportunities[22] - The company intends to diversify its business into metallurgy, chemical, and environmental protection industries to expand its customer base[73] - The company’s revenue heavily relies on the construction materials industry, which accounted for approximately 48.7% of total revenue in the fiscal year ending December 31, 2020[78] Research and Development - The establishment of a national-level postdoctoral research workstation was approved, promoting technological independence and innovation[11] - The company has invested in R&D focused on energy-saving and environmental protection technologies, resulting in 71 authorized patents, including 39 invention patents and 32 utility model patents[18] - Research and development for new roasting and pyrolysis technology is projected to fully utilize HKD 10.2 million by the end of 2021[64] - The company has invested 50 million in R&D for new technologies aimed at reducing production costs by 20%[169] Operational Challenges and Responses - The company anticipates that project construction will partially resume in 2021, despite delays caused by the COVID-19 pandemic[12] - The company has implemented comprehensive COVID-19 prevention measures to ensure employee health and stable production processes amid uncertainties affecting overseas projects[23] - The company faced delays in fund utilization due to COVID-19, impacting the delivery of machinery and construction progress[66] Financial Position and Cash Flow - As of December 31, 2020, the company's cash and cash equivalents amounted to approximately RMB 434.8 million, a decrease from RMB 486.4 million as of December 31, 2019[44] - The company recorded a net cash inflow from operating activities of approximately RMB 192.6 million for the year ended December 31, 2020, compared to RMB 119.8 million in 2019[45] - The company's capital expenditure for the year ended December 31, 2020, was approximately RMB 61.6 million, an increase from RMB 25.0 million in 2019[54] - The company’s net cash outflow from investing activities was approximately RMB 211.8 million for the year ended December 31, 2020, compared to RMB 4.1 million in 2019[45] - The company did not experience any liquidity shortages during the year ended December 31, 2020, maintaining sufficient cash and cash equivalents[52] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, demonstrating commitment to high standards of corporate governance[191] - The company has established four board committees, including audit, remuneration, nomination, and investment committees, to oversee various aspects of governance[192] - The board believes it has fully complied with the corporate governance code during the reporting period[191] - The company has maintained appropriate liability insurance for its directors during the reporting period[129] Employee and Stakeholder Relations - The company acknowledges the importance of maintaining good relationships with employees, suppliers, customers, and other stakeholders to achieve current and long-term goals[94] - The company’s employee costs, including directors' remuneration, amounted to approximately RMB 108.1 million for the year ended December 31, 2020, compared to RMB 105.1 million in 2019[59] Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year[169] - The management team emphasized a focus on sustainability, aiming to reduce carbon emissions by 25% over the next three years[169] - The company plans to enhance its digital marketing strategy, expecting a 30% increase in online sales[169] - A new partnership with a leading logistics firm is expected to improve delivery times by 40%[169]

China PengFei Group Limited 中國鵬飛集團有限公司 （於開曼群島註冊成立的有限公司） 股份代號: 3348 中期報告 2020 目 錄 公司資料 2 財務摘要 3 主席報告 4 管理層討論及分析 5 企業管治及其他資料 15 簡明綜合損益及其他全面收益表 19 簡明綜合財務狀況表 20 簡明綜合權益變動表 22 綜合現金流量表 23 綜合財務報表附註 24 1 中國鵬飛集團有限公司 2020中期報告 公司資料 | --- | --- | |--------------------------------------------------------|-----------------------------------------------------| | | | | 董事會 | 香港主要營業地點 | | 執行董事 王家安先生（主席） 周銀標先生 | 香港 銅鑼灣 希慎道 33 號 利園一期 19 樓 1901 室 | | 戴賢如先生 賁道林先生 | | | 獨立非執行董事 | 香港股份過戶登記分處 卓佳證券登記有限公司 | | 張嵐嶸女士 丁再國先生 | 香港 皇后大道東 1 ...

China PengFei Group Limited 中國鵬飛集團有限公司 （於開曼群島註冊成立的有限公司） 股份代號: 3348 年度報告 2019 | --- | --- | --- | |-------|-------|--------------------------| | | | 目 錄 | | | | 公司資料 | | | | 財務摘要 | | | | 主席報告 | | | | 管理層討論及分析 | | | | 董事會報告 | | | | 董事及高級管理層履歷 | | | | 企業管治報告 | | | | 獨立核數師報告 | | | | 綜合損益及其他全面收益表 | | | | 綜合財務狀況表 | | | | 綜合權益變動表 | | | | 綜合現金流量表 | | | | 綜合財務報表附註 | | | | 四年財務概要 | 2 3 4 6 15 27 35 51 56 57 59 61 63 128 1 中國鵬飛集團有限公司 2019年度報告 公司資料 | --- | --- | |-----------------------------------------------------|-- ...