Group 1 - The core viewpoint is that Tianrui Automotive Interior has experienced a recent stock price increase, but its financial performance shows a decline in revenue and net profit [1] - As of April 15, the Hang Seng Index rose by 0.23%, while Tianrui Automotive Interior's stock price increased by 7.5% with a trading volume of 6.608 million shares [1] - The company reported total revenue of 243 million yuan for the year ending December 31, 2024, a decrease of 1.19% year-on-year, and a net profit of 1.966 million yuan, down 47.52% year-on-year [1] Group 2 - Tianrui Automotive Interior is the largest heavy truck interior parts manufacturer in Northwest China, specializing in customized design and development solutions for automotive interior components [2] - The company operates from a facility in Xi'an, Shaanxi Province, covering an area of approximately 53,340 square meters, with over 30 injection molding production lines and more than 10 compression molding production lines [2] - The production capacity allows the company to offer a wide range of products, including floor mats, dashboards, headliners, overhead boxes, door trim panels, and other components [2]

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 242,902 thousand, a decrease of 1.2% compared to RMB 245,833 thousand in 2023[3] - Gross profit for the same period was RMB 43,935 thousand, down 6.8% from RMB 47,119 thousand, resulting in a gross margin of 18.1%, a decline of 1.1 percentage points[3] - Profit attributable to equity shareholders was RMB 1,966 thousand, a significant drop of 46.7% from RMB 3,746 thousand in the previous year[3] - Basic and diluted earnings per share decreased by 47.4% to RMB 0.10 from RMB 0.19[3] - Total revenue for 2024 was RMB 242,902 thousand, slightly down from RMB 245,833 thousand in 2023, representing a decrease of about 1.2%[19] - The total gross profit for the reportable segments in 2024 was RMB 43,935 thousand, down from RMB 47,119 thousand in 2023, a decline of approximately 6.5%[25] - Other income decreased to RMB 3,973 thousand in 2024 from RMB 4,101 thousand in 2023, a reduction of about 3.1%[27] - Financial costs decreased to RMB 7,473 thousand in 2024 from RMB 9,351 thousand in 2023, a decrease of approximately 20.0%[28] - Employee costs increased to RMB 41,972 thousand in 2024 from RMB 39,765 thousand in 2023, an increase of about 5.5%[29] - The company reported a pre-tax profit of RMB 1,377 thousand in 2024, down from RMB 3,316 thousand in 2023, a decline of approximately 58.5%[25] - Research and development costs for 2024 were RMB 8,581,000, down 31.5% from RMB 12,608,000 in 2023[31] Assets and Liabilities - Total assets increased to RMB 422,211 thousand in 2024 from RMB 345,782 thousand in 2023, reflecting a growth of 22.1%[6] - Trade receivables rose to RMB 204,890 thousand, up 22.7% from RMB 167,045 thousand in 2023[6] - Non-current assets increased to RMB 201,351 thousand, compared to RMB 183,151 thousand in the previous year, marking an increase of 9.3%[6] - The company reported a net cash position of RMB 142,260 thousand, up from RMB 92,603 thousand, indicating a growth of 53.6%[6] - Trade payables decreased to RMB 131,137,000 in 2024 from RMB 141,437,000 in 2023, a decline of approximately 7.3%[40] - The company has no significant liabilities related to retirement benefits beyond the defined contribution plans[30] Revenue Breakdown - Revenue from heavy truck decorative parts decreased to RMB 191,469 thousand in 2024 from RMB 224,354 thousand in 2023, a decline of approximately 14.6%[19] - Revenue from passenger car decorative parts and related molds increased to RMB 51,433 thousand in 2024 from RMB 21,479 thousand in 2023, a growth of approximately 139.9%[19] - Revenue decreased from approximately RMB 245.8 million for the year ended December 31, 2023, to approximately RMB 242.9 million for the year ended December 31, 2024, a decline of about 1.2%[49] - Revenue from heavy truck decorative parts decreased from approximately RMB 224.4 million for the year ended December 31, 2023, to approximately RMB 191.5 million for the year ended December 31, 2024, a decline of about 14.7%[46] - Revenue from passenger car decorative parts increased from approximately RMB 21.5 million for the year ended December 31, 2023, to approximately RMB 51.4 million for the year ended December 31, 2024, an increase of about 139.5%[48] Dividends and Shareholder Returns - The company did not declare a final dividend for the year, maintaining a policy of reinvestment[3] - The company did not declare any dividends for the fiscal year ending December 31, 2024, consistent with the previous year[43] - The company does not recommend the payment of a final dividend for the year ended December 31, 2024[68] Employee and Management - As of December 31, 2024, the group had a total of 321 full-time employees, a decrease from 361 in 2023, with total employee costs amounting to RMB 42.0 million, representing an increase of approximately 5.6% compared to RMB 39.8 million in 2023[69] - The average number of ordinary shares outstanding remained stable at 2,000,000,000 for both 2024 and 2023[36] - The company emphasizes employee training and competitive compensation to retain talent and enhance skills[69] - The company plans to enhance its "TES" management system to standardize group management and improve employee incentive mechanisms[72] Future Outlook - The company anticipates a stable recovery of the economy in 2025, with the heavy truck market expected to show a low-to-high demand trend throughout the year[72] - The expected sales volume for heavy trucks in 2025 is projected to be between RMB 150-180 million, accounting for approximately 40% of total sales[44] - The expected sales volume for passenger vehicles in 2025 is projected to be between RMB 200-250 million, accounting for approximately 60% of total sales[44] Corporate Governance - The company has adhered to the corporate governance code throughout the year ending December 31, 2024, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[73] - The company will continue to review the separation of the roles of Chairman and CEO to ensure effective strategic planning[73] Audit and Compliance - The independent auditor has confirmed that the preliminary performance figures for the year ending December 31, 2024, align with the audited financial statements[75] - There are no significant post-period events affecting the company's operational and financial performance as of the announcement date[70]

Revenue Performance - Revenue from sales of heavy truck decorative components decreased from approximately RMB104.8 million for the six months ended June 30, 2023, to approximately RMB90.9 million for the six months ended June 30, 2024, representing a decrease of approximately 13.2%[12] - Revenue from sales of passenger vehicle decorative components decreased from approximately RMB11.3 million for the six months ended June 30, 2023, to approximately RMB7.5 million for the six months ended June 30, 2024, representing a decrease of approximately 33.6%[13] - Revenue decreased from approximately RMB116.2 million for the six months ended 30 June 2023 to approximately RMB98.5 million for the six months ended 30 June 2024, representing a decrease of approximately 15.2%[17] - Total revenue from contracts with customers for the six months ended June 30, 2024, was RMB 98,461,000, down from RMB 116,154,000 in the same period of 2023, representing a decline of 15.2%[92] - Revenue from sales of heavy trucks' decorative components and parts for the six months ended June 30, 2024, was RMB 90,942,000, a decrease of 13.3% compared to RMB 104,832,000 for the same period in 2023[92] - Revenue from sales of passenger vehicles' decorative components and parts for the six months ended June 30, 2024, was RMB 7,519,000, a decrease of 33.3% compared to RMB 11,322,000 for the same period in 2023[92] Profitability and Margins - Gross profit decreased from approximately RMB23.8 million for the six months ended June 30, 2023, to approximately RMB15.8 million for the six months ended June 30, 2024, representing a decrease of approximately 33.5%[14] - Overall gross profit margin decreased from approximately 20.5% for the six months ended June 30, 2023, to approximately 16.0% for the six months ended June 30, 2024[14] - Loss from operations was RMB 1,609,000, compared to a profit of RMB 1,279,000 for the same period in 2023[71] - Loss attributable to equity shareholders for the period was RMB 3,676,000, an increase of 24.4% from RMB 2,956,000 in 2023[72] - Total comprehensive income for the period ended June 30, 2024, was RMB (3,608,000), reflecting a decrease from RMB (2,645,000) in the previous year[78] Operational Challenges - The decrease in revenue was attributed to a decrease in sales volume in the heavy truck engine market and a shift of customers from outsourcing production to self-production[13][15] - The company is facing significant operational pressure amidst keen industry competition and slowed domestic consumption growth[10] - The company has not yet achieved mass production of newly developed products, impacting revenue from passenger vehicle components[13] Expenses and Cost Management - Selling and distribution expenses decreased from approximately RMB4.5 million to approximately RMB1.7 million, a decrease of approximately 62.6%[21] - Administrative expenses decreased from approximately RMB17.4 million to approximately RMB15.2 million, representing a decrease of approximately 12.6%[23] - Finance costs decreased from approximately RMB4.7 million to approximately RMB3.4 million, a decrease of approximately 27.7%[24] - Research and development costs for the six months ended June 30, 2024, were RMB 3,328,000, down from RMB 6,373,000 in 2023, indicating a reduction of 47.8%[106] - Depreciation and amortization expenses for the six months ended June 30, 2024, were RMB 16,232,000, slightly down from RMB 16,820,000 in 2023[106] Financial Position - Cash and cash equivalents as of 30 June 2024 were approximately RMB50.3 million, down from RMB67.5 million as of 31 December 2023[29] - Current assets decreased to RMB 325,441,000 from RMB 345,782,000 as of December 31, 2023[74] - Current liabilities increased to RMB 246,349,000 from RMB 264,911,000 as of December 31, 2023[75] - Net assets as of June 30, 2024, were RMB 241,838,000, down from RMB 245,446,000 as of December 31, 2023[75] - The balance of equity attributable to shareholders at June 30, 2024, was RMB 241,838,000, a decrease from RMB 245,446,000 at the beginning of the year[76] Capital Expenditures and Investments - Capital expenditures for the six months ended 30 June 2024 were approximately RMB9.23 million, compared to approximately RMB7.06 million for the same period in 2023[36] - The Group's capital commitments for properties, plants, and equipment amounted to approximately RMB 23.7 million as of June 30, 2024, compared to RMB 22.4 million as of December 31, 2023[41] - The Group had no significant investments or material acquisitions and disposals during the six months ended June 30, 2024[45] Corporate Governance and Compliance - The Group has committed to maintaining a higher standard of corporate governance and has complied with all code provisions of the Corporate Governance Code for the six months ended June 30, 2024[54] - The Company has adopted the Model Code for Securities Transactions, confirming compliance by all Directors and senior management for the six months ended June 30, 2024[57] - The audit committee reviewed the accounting principles and policies, as well as internal control and financial reporting matters for the interim results for the six months ended June 30, 2024[68] Shareholder Information - Mr. Hou Jianli holds a long position of 1,500,000,000 shares, representing 75% of the Company's shareholding[61] - H&C Group Holding Limited, controlled by Mr. Hou Jianli and Ms. Chen Bierui, has a beneficial ownership of 1,500,000,000 shares, also representing 75%[65] - The entire issued share capital of H&C Group Holding Limited is owned 60% by Mr. Hou Jianli and 40% by Ms. Chen Bierui[65] Taxation - The subsidiaries in the PRC are subject to a corporate income tax rate of 25% for the six months ended June 30, 2024, consistent with the previous year[108] - Certain subsidiaries in the PRC enjoy a preferential corporate income tax rate of 15% due to approvals received under the Third Phase of the Western Region Development Plan, applicable from 2021 to 2030[108] - The Group's subsidiary Xi'an Tianrui is qualified as a High and New Technology Enterprise, allowing it to benefit from a preferential income tax rate of 15% from 2022 to 2024[108]

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。 （股份代號：6162） （於開曼群島註冊成立的有限公司） 中國天瑞汽車內飾件有限公司 CHINA TIANRUI AUTOMOTIVE INTERIORS CO., LTD 截至2024年6月30日止六個月 之中期業績公告 | --- | --- | --- | --- | |-----------------------------|--------------|--------------------|---------------| | | | | | | | | | | | | 截至 | 6 月 30 日止六個月 | | | | 2024 年 | 2023 年 | | | | 人民幣千元 | 人民幣千元 | 變動 | | | （未經審核） | （未經審核） | | | | | | | | 收入 | 98,461 | 116,154 | –15.23% | | 毛利 | 15,796 | 23,7 ...

Financial Performance - The company recorded revenue of approximately RMB 245.8 million in 2023, representing an increase of 39.6% year on year compared to RMB 176.1 million in 2022[18]. - The profit attributable to equity shareholders of the company was approximately RMB 3.7 million in 2023, recovering from a loss of approximately RMB 26.0 million in 2022[18]. - The gross profit margin improved to 19.2% in 2023, up from 7.2% in 2022, indicating enhanced operational efficiency[12]. - Revenue from sales of heavy trucks' decorative components increased from approximately RMB151.6 million in 2022 to approximately RMB224.4 million in 2023, representing an increase of approximately 48.01%[34]. - Revenue from sales of passenger vehicles' decorative components decreased from approximately RMB24.5 million in 2022 to approximately RMB21.5 million in 2023, representing a decrease of approximately 12.4%[36]. - Gross profit increased from approximately RMB12.7 million in 2022 to approximately RMB47.1 million in 2023, representing an increase of approximately 271.7%[43]. - Other income increased from approximately RMB3.0 million in 2022 to approximately RMB4.1 million in 2023, representing an increase of approximately 36.7%[44]. - Selling and distribution expenses decreased from approximately RMB3.8 million in 2022 to approximately RMB2.8 million in 2023, representing a decrease of approximately 26.8%[45]. Market and Sales Performance - Heavy truck sales volume increased by 36% in 2023, with annual sales reaching 911,000 units, reinforcing the company's strategic focus on both passenger and commercial vehicles[18]. - The sales volume of heavy trucks in 2023 was 911,000 units, with a year-on-year increase of 36%[35]. - The heavy truck industry is expected to stabilize and rebound in 2024, supported by policies to boost market confidence and expand domestic demand[23]. - Looking ahead to 2024, the heavy truck market is expected to show a trend of lower demand initially, followed by higher demand later, while the passenger car market has significant potential supported by policy measures[97]. - The Group plans to promote the dual track operation of passenger cars and commercial vehicles, focusing on maintaining market share and expanding into external markets[97]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 528.9 million, a slight increase from RMB 518.0 million in 2022[14]. - Total liabilities increased to RMB 283.5 million in 2023 from RMB 276.5 million in 2022, reflecting ongoing investments and operational costs[14]. - Cash and cash equivalents as of 31 December 2023 were approximately RMB67.5 million, down from approximately RMB78.5 million as of 31 December 2022[55]. - Bank and other loans decreased from approximately RMB130.5 million as of 31 December 2022 to approximately RMB102.1 million as of 31 December 2023[63]. - Inventories increased from approximately RMB53.2 million as of 31 December 2022 to approximately RMB60.6 million as of 31 December 2023, representing an increase of approximately 13.9%[65]. - Capital expenditures for the year ended 31 December 2023 were approximately RMB21.4 million, down from approximately RMB28.7 million for the year ended 31 December 2022[74]. - Capital commitments for property, plant, and equipment contracted were approximately RMB22.4 million as of 31 December 2023, compared to approximately RMB10.0 million as of 31 December 2022[75]. - As of December 31, 2023, the Group's capital commitments for properties, plants, and equipment amounted to approximately RMB 22.4 million, an increase from RMB 10.0 million in 2022, representing a 124% increase[78]. Corporate Governance and Management - The company has a strong focus on corporate governance matters, as indicated by the roles of its independent directors in various committees[132]. - The company emphasizes the importance of financial management and internal controls, as demonstrated by the experience of its CFO[138]. - The company has complied with the Corporate Governance Code for the year ended December 31, 2023, except for the deviation regarding the roles of chairman and chief executive being held by the same individual[151]. - The Board of Directors has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee different areas of the company's affairs[155]. - The company has a commitment to effective and responsible leadership, acting in good faith in the best interests of the company and its shareholders[155]. - The Board's composition includes both executive and independent non-executive directors, ensuring a balance of power and authority[156]. - The daily management and operations of the Group are delegated to senior management, with responsibilities periodically reviewed by the Board[164]. - The Company has established a formal and transparent procedure for formulating policies on the remuneration of Directors and senior management[195]. Workforce and Employment - The total staff costs incurred by the Group for the year ended December 31, 2023, were approximately RMB 39.8 million, a decrease of about 4.8% compared to RMB 41.8 million in 2022, primarily due to a reduction in the number of employees[86]. - As of December 31, 2023, the Group had a total of 361 full-time employees, down from 389 in 2022, reflecting a strategic adjustment in workforce management[86]. - Directors participate in professional development courses to enhance their knowledge of corporate governance and regulatory compliance[172]. Leadership Experience - Mr. Hou Jianli, the founder and CEO, has over 30 years of experience in the manufacturing industry, having joined the Group in May 2009[109]. - Mr. Xu Yunhua has over 19 years of sales experience and was promoted to Sales General Manager of Xi'an Tianrui in February 2019[111]. - Ms. Zhang Jingrong, with over 28 years of financial management experience, became the General Manager of a subsidiary in December 2023[114]. - The management team is composed of individuals with extensive industry experience, contributing to the Group's strategic objectives and market positioning[109][111].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 245,833,000, representing a 39.6% increase from RMB 176,094,000 in 2022[3] - Gross profit increased to RMB 47,119,000, a significant rise of 271.7% compared to RMB 12,675,000 in the previous year, with a gross margin of 19.2%[3] - The profit attributable to equity shareholders was RMB 3,746,000, a turnaround from a loss of RMB 26,010,000 in 2022, marking a 114.4% improvement[3] - Basic and diluted earnings per share improved to RMB 0.19 from a loss of RMB 1.30, reflecting a 114.6% increase[3] - Total revenue for the group reached RMB 245,833,000 in 2023, up from RMB 176,094,000 in 2022, marking an increase of 39%[33] - The group reported a pre-tax profit of RMB 3,316,000 in 2023, recovering from a loss of RMB 30,333,000 in 2022[35] - The company reported a profit of RMB 3,746,000 for the year ended December 31, 2023, compared to a loss of RMB 26,010,000 in 2022[47] Revenue Breakdown - Revenue from heavy truck decorative parts increased to RMB 224,354,000 in 2023 from RMB 151,582,000 in 2022, representing a growth of 48%[28] - Revenue from passenger car decorative parts decreased to RMB 21,479,000 in 2023 from RMB 24,512,000 in 2022, a decline of 12%[28] - Revenue from heavy truck decorative parts rose from approximately RMB 151.6 million in 2022 to approximately RMB 224.4 million in 2023, an increase of about 48.01%[61] Asset and Liability Management - Total assets as of December 31, 2023, were RMB 345,782,000, compared to RMB 306,075,000 in 2022, indicating a growth in asset base[9] - Trade receivables increased to RMB 167,045,000 from RMB 125,300,000, showing a 33.4% rise year-over-year[9] - Current liabilities decreased slightly to RMB 264,911,000 from RMB 255,869,000, indicating improved liquidity management[9] - Trade payables surged from RMB 97,805,000 in 2022 to RMB 141,437,000 in 2023, marking an increase of approximately 44.5%[53] Income and Expenses - Other income for the year was RMB 4,101,000, up from RMB 3,000,000 in 2022, reflecting a growth of 36.8%[5] - Financial costs for the group were RMB 9,351,000 in 2023, slightly up from RMB 9,198,000 in 2022[39] - Employee costs decreased from RMB 41,773,000 in 2022 to RMB 39,765,000 in 2023, a reduction of approximately 4.8%[40] - Research and development costs increased from RMB 12,151,000 in 2022 to RMB 12,608,000 in 2023, reflecting a growth of about 3.8%[43] - Selling expenses decreased from approximately RMB 3.8 million in 2022 to approximately RMB 2.8 million in 2023, a decline of about 26.8%[66] - Administrative expenses rose from approximately RMB 33.1 million in 2022 to approximately RMB 35.6 million in 2023, an increase of about 7.4%[67] Cash Flow and Dividends - The company did not declare a final dividend for the year, as indicated in the earnings announcement[3] - The company did not recommend any dividends for the year ended December 31, 2023, consistent with the previous year[57] - The company reported a net cash position of RMB 92,603,000, down from RMB 106,491,000 in the previous year, indicating a decrease in cash reserves[9] Market Outlook and Strategy - Looking ahead to 2024, the heavy truck market is expected to show a low start and high growth trend, while the passenger car market has significant potential supported by policies, aiding the growth of domestic brand market share and sales[87] - The company will continue to focus on both passenger and commercial vehicles to maintain market presence and explore external market opportunities[87] Governance and Compliance - The company has adopted the corporate governance code as a basis for its governance practices and has complied with it for the year ending December 31, 2023, with some deviations noted[89] - The independent auditor, KPMG, has agreed that the preliminary performance figures for the year ending December 31, 2023, align with the audited financial statements[91] Employee Management - The company emphasizes competitive compensation and employee training to retain talent and enhance skills[84] - As of December 31, 2023, the group had a total of 361 full-time employees, a decrease from 389 in 2022, resulting in total employee costs of approximately RMB 398 million, down about 4.8% from RMB 418 million in 2022[84] Other Information - The company has not engaged in the purchase, sale, or redemption of any listed securities during the reporting period[86] - There have been no significant post-period events affecting the company's operational and financial performance as of December 31, 2023[85] - The annual general meeting is scheduled for June 28, 2024, with a suspension of share transfer registration from June 25 to June 28, 2024, to determine voting rights[92][93]

Revenue Performance - Revenue increased from approximately RMB78.5 million for the six months ended June 30, 2022, to approximately RMB116.2 million for the six months ended June 30, 2023, representing an increase of approximately 48.0%[23] - Revenue from sales of heavy trucks' decorative components and parts increased from approximately RMB63 million for the six months ended June 30, 2022, to approximately RMB104.8 million for the six months ended June 30, 2023, representing an increase of approximately 66.4%[19] - Revenue from sales of passenger vehicles' decorative components and parts decreased from approximately RMB15.5 million for the six months ended June 30, 2022, to approximately RMB11.3 million for the six months ended June 30, 2023, representing a decrease of approximately 26.9%[20] - Heavy trucks' decorative components and parts accounted for 90.2% of total revenue in the first half of 2023, compared to 80.3% in the same period of 2022[18] - Total revenue for the six months ended June 30, 2023, was RMB116.2 million, with heavy trucks' components being the primary contributor[18] - Revenue for the six months ended June 30, 2023, increased to RMB 116,154,000, up 48% from RMB 78,502,000 in the same period of 2022[105] - Revenue from heavy trucks' decorative components and parts increased to RMB 104,832,000 in the first half of 2023, up 66.5% from RMB 63,015,000 in the same period of 2022[141] - Revenue from passenger vehicles' decorative components and parts decreased to RMB 11,322,000 in the first half of 2023, down 26.5% from RMB 15,487,000 in the same period of 2022[141] - Total revenue from contracts with customers for the first half of 2023 was RMB 116,154,000, representing a 47.9% increase compared to RMB 78,502,000 in the first half of 2022[141] Profitability and Financial Performance - Gross profit increased from approximately RMB11.3 million for the six months ended June 30, 2022, to approximately RMB23.8 million for the six months ended June 30, 2023, representing an increase of approximately 110.7%[28] - Overall gross profit margin increased from approximately 14.4% for the six months ended June 30, 2022, to approximately 20.5% for the six months ended June 30, 2023[28] - Loss for the six months ended June 30, 2023, amounted to approximately RMB3.0 million, compared to a loss of approximately RMB10.9 million for the six months ended June 30, 2022[36] - Loss attributable to equity shareholders for the period was RMB 2,956,000, a significant improvement from a loss of RMB 10,895,000 in the prior year[107] - Basic and diluted loss per share improved to RMB 0.15 from RMB 0.54 in the previous year[105] - The total reportable segment gross profit increased from RMB 11,275,000 in 2022 to RMB 23,754,000 in 2023, reflecting a growth of approximately 111%[161] - Other income increased from approximately RMB0.8 million for the six months ended June 30, 2022, to approximately RMB1.1 million for the six months ended June 30, 2023, representing an increase of approximately 33.3%[29] - The company reported finance costs of RMB 4,657,000, a decrease from RMB 5,017,000 in the previous period, indicating better debt management[105] Expenses and Cost Management - Selling expenses increased from approximately RMB3.3 million for the six months ended June 30, 2022, to approximately RMB4.5 million for the six months ended June 30, 2023, representing an increase of approximately 35.9%[30] - Administrative expenses increased from approximately RMB17.0 million for the six months ended June 30, 2022, to approximately RMB17.4 million for the six months ended June 30, 2023, representing an increase of approximately 2.4%[33] - Capital expenditures for the six months ended June 30, 2023, were approximately RMB 7.1 million, down from approximately RMB 14.8 million for the same period in 2022[57] - The company incurred RMB 7,057,000 in capital expenditures for the purchase of property, plant, and equipment during the first half of 2023, a decrease from RMB 14,751,000 in the same period of 2022[122] - Research and development costs increased to RMB 6,373,000 for the six months ended June 30, 2023, up from RMB 5,768,000 in 2022, reflecting a growth of 10.5%[172] Cash Flow and Financial Position - Cash and cash equivalents as of June 30, 2023, were approximately RMB35.8 million, down from approximately RMB78.5 million as of December 31, 2022[37] - Current assets totaled RMB 298,998,000 as of June 30, 2023, slightly down from RMB 306,075,000 at the end of 2022[110] - The company's cash and cash equivalents decreased to RMB 35,768,000 as of June 30, 2023, from RMB 78,495,000 at the beginning of the year, representing a decline of approximately 54.4%[122] - Trade and bills receivables increased to RMB 167,735,000 from RMB 125,300,000, indicating improved collection efforts[110] - Inventories rose to RMB 63,902,000, up from RMB 53,193,000, reflecting increased production or stockpiling[110] - Non-current assets decreased to RMB 200,787,000 from RMB 211,959,000, primarily due to depreciation[110] - The Group's trade receivables amounted to RMB 167,735,000, an increase from RMB 125,300,000 as of December 31, 2022, representing a growth of approximately 33.9%[192] Market Conditions and Strategic Focus - The positive market conditions for heavy trucks are supported by the recovery of the supply chain and increased employment boosting consumer confidence[11] - The increase in demand for heavy trucks is attributed to their widespread use in infrastructure construction and logistics industries[19] - Looking ahead, the Group anticipates continued growth in market demand for heavy trucks, driven by the "One Belt, One Road" policy, and plans to strengthen cooperation with existing customers while expanding its product portfolio[75] - The company continues to focus on tailored design and development solutions for automotive interior decorative products[12] Corporate Governance and Compliance - The company is committed to reviewing the separation of the roles of Chairman and Chief Executive Officer to ensure effective governance[82] - The board believes that the current arrangement of Mr. Hou Jianli holding both positions does not affect the balance of power and authority[82] - The company has adopted the Model Code for Securities Transactions, ensuring compliance by all Directors and senior management[83] - The Group maintains compliance with the relevant provisions of the Securities and Futures Ordinance throughout the reporting period[84] - The Group's financial report is prepared in accordance with International Financial Reporting Standards (IFRS) and reflects the same accounting policies as the 2022 annual financial statements[129] Employment and Staff Costs - As of June 30, 2023, the Group employed a total of 397 full-time employees, an increase from 382 employees as of June 30, 2022[64] - Total staff costs for the six months ended June 30, 2023, were approximately RMB 20.9 million, slightly down from approximately RMB 21.3 million for the same period in 2022[64] Shareholding and Ownership - Mr. Hou Jianli holds a long position of 1,500,000,000 shares, representing 75% of the company's total shareholding[89] - The entire issued share capital of H&C Group Holding Limited is owned 60% by Mr. Hou Jianli and 40% by Ms. Chen Bierui[90] - The interests of Directors in associated corporations include Mr. Hou Jianli's 100% ownership in H&C Group Holding Limited[92]

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 TIANRUI AUTOMOTIVE INTERIORS CO., LTD 中國天瑞汽車內飾件有限公司 （於開曼群島註冊成立的有限公司） 6162 （股份代號： ） 2023 6 30 截 至 年 月 日 止 六 個 月 之 中 期 業 績 公 告 業績摘要 6 30 截至 月 日止六個月 2023 2022 年 年 人民幣千元 人民幣千元 變動 （未經審核） （未經審核） 116,154 78,502 47.96% 收入 23,754 11,275 110.68% 毛利 20.5% 14.4% 6.1 毛利率 個百分點 (2,956) (10,895) 72.87% 權益股東應佔虧損 每股虧損 ...

Financial Performance - The Group recorded revenue of approximately RMB 176.1 million in 2022, representing a decrease of 40.5% year on year (2021: RMB 295.8 million) [19] - The loss attributable to equity shareholders of the Company was approximately RMB 26.0 million in 2022, compared to a profit of approximately RMB 7.3 million in 2021 [19] - The heavy truck market experienced a significant decline, with annual sales volume down 51.8% to 672,000 units in 2022 [19] - The gross profit margin decreased to 7.2% in 2022 from 23.9% in 2021 [14] - Revenue decreased from approximately RMB 295.8 million for the year ended 31 December 2021 to approximately RMB 176.1 million for the year ended 31 December 2022, representing a decline of approximately 40.5% [46] - Gross profit decreased from approximately RMB 70.6 million for the year ended 31 December 2021 to approximately RMB 12.7 million for the year ended 31 December 2022, a decline of approximately 82.0% [47] - Other income decreased from approximately RMB 3.9 million in 2021 to approximately RMB 3.0 million in 2022, representing a decrease of approximately 23.1% [44] - Selling and distribution expenses decreased from approximately RMB 9.0 million for the year ended 31 December 2021 to approximately RMB 3.8 million for the year ended 31 December 2022, representing a decrease of approximately 58.1% [51] - Administrative expenses decreased from approximately RMB 47.1 million for the year ended 31 December 2021 to approximately RMB 33.1 million for the year ended 31 December 2022, a decrease of approximately 29.8% [52] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 518.0 million, down from RMB 572.3 million in 2021 [16] - Total liabilities decreased to RMB 276.5 million in 2022 from RMB 305.6 million in 2021 [16] - Cash and cash equivalents increased from approximately RMB 62.5 million as at 31 December 2021 to approximately RMB 78.5 million as at 31 December 2022 [61] - Bank and other loans decreased from approximately RMB 133.8 million as at 31 December 2021 to approximately RMB 130.5 million as at 31 December 2022 [63] - Inventories decreased from approximately RMB 60.2 million as at 31 December 2021 to approximately RMB 53.2 million as at 31 December 2022, representing a decrease of approximately 11.7% [65] - As of December 31, 2022, capital expenditures were approximately RMB 28.7 million, a decrease of 42.5% from RMB 49.9 million in 2021 [76][79] - As of December 31, 2022, the Group's capital commitments for property, plant, and equipment were approximately RMB 10.0 million, down from RMB 16.0 million in 2021 [77][80] Market Outlook - The heavy truck industry is expected to recover in 2023, supported by stable growth policies and the elimination of old vehicles [25] - The Group anticipates a steady recovery in China's economy for 2023, with a trend of lower demand at the beginning of the year for the heavy truck market [98][102] - The passenger car market is expected to grow significantly due to policy support, enhancing the market share and sales volume of self-owned brand passenger cars [98][102] Strategic Direction - The Group's strategic direction focuses on dual-wheel drive for both passenger and commercial vehicles [19] - The Group aims to consolidate its leading position in Northwest China's heavy truck market while actively developing the passenger vehicle market [19] - The company aims to enhance competitiveness through the implementation of the TES management system [26] - The Group plans to promote the dual track operation of passenger cars and commercial vehicles while expanding the external market [98][102] - The Group will continue to enhance the "TES" (Tianrui Excellence Management System) to standardize group management practices [99][103] Corporate Governance - The company is committed to maintaining high standards of corporate governance with independent directors overseeing key committees [115] - The company has a strong governance structure with independent directors on its audit and nomination committees [125][128] - The Group is focused on enhancing corporate governance and financial management practices [132] - The company has adopted the Corporate Governance Code as the basis for its governance practices, with a noted deviation regarding the roles of chairman and chief executive being held by the same individual [147] - The Board of Directors consists of executive and independent non-executive directors, with Mr. Hou Jianli serving as chairman [153] - The Company has appointed three Independent Non-executive Directors, representing more than one-third of the Board, ensuring compliance with Listing Rules [174] - The Audit Committee was established on December 18, 2018, to oversee financial reporting systems, risk management, and internal control procedures [183] - The Board is responsible for developing and monitoring corporate governance policies and practices, ensuring compliance with legal and regulatory requirements [161] Management Team - The company has a strong management team with diverse backgrounds in manufacturing, sales, law, and education, enhancing its strategic capabilities [112] - The company aims to leverage its experienced leadership to drive growth and innovation in the automotive interiors sector [112] - The Group's management team includes experienced professionals with backgrounds in finance, accounting, and education [131][135] - The management team is committed to driving growth and expanding market presence through effective leadership [131] Directors and Committees - The Company established the Nomination Committee on December 18, 2018, to review the structure, size, and composition of the Board regularly [200] - The Audit Committee assessed the effectiveness of the Company's internal audit function and the accounting and financial reporting matters [185] - The Remuneration Committee ensures that none of the Directors determine their own remuneration [189] - The Company has a formal and transparent procedure for formulating policies on the remuneration of Directors and senior management [192] - The Audit Committee reviewed the risk management and internal control systems of the Company [185]

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 TIANRUI AUTOMOTIVE INTERIORS CO., LTD 中國天瑞汽車內飾件有限公司 （於開曼群島註冊成立的有限公司） 6162 （股份代號： ） 2022 12 31 截至 年 月 日止年度 之年度業績公告 業績摘要 12 31 截至 月 日止年度 2022 2021 年 年 人民幣千元 人民幣千元 變動 176,094 295,776 -40.5% 收入 12,675 70,553 -82.0% 毛利 7.2% 23.9% -16.7 毛利率 個百分點 (26,010) 7,329 -454.9% 公司權益股東應佔（虧損）╱溢利 每股（虧損）╱盈利 (1.3) 0.37 -451.4% 基本及攤薄（人民幣分） ...