Core Viewpoint - The company, Tailin Construction (06193.HK), has announced a board meeting scheduled for August 22, 2025, to consider and approve its unaudited consolidated interim results for the six months ending June 30, 2025, and to discuss the potential declaration of an interim dividend, if applicable [1] Group 1 - The board meeting will take place on August 22, 2025 [1] - The meeting will focus on the unaudited consolidated interim results for the six months ending June 30, 2025 [1] - The company will also consider the distribution of an interim dividend during the meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 主席、執行董事兼行政總裁 王嫻俞 香港，二零二五年八月十二日 於本公告日期，執行董事為王嫻俞女士（主席兼行政總裁）、王朝緯先生及蔣銀娟女士；非執 行董事為王良友先生；以及獨立非執行董事為黃小燕女士、黎振宇先生及崔玉舒先生。 董事會會議日期 泰林科建控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，本公司將於二零二五年八月二十二日（星期五）舉行董事會會議，藉以（其中包 括）考慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核 綜合中期業績及其發佈，並考慮派發中期股息（如有）。 承董事會命 泰林科建控股有限公司 Tailam Tech Construction Holdings Limited 泰林科建控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6193） ...

Core Viewpoint - The company, Tailin Construction (06193.HK), expects to report a consolidated profit of approximately RMB 6.4 million for the six months ending June 30, 2025, a significant turnaround from a consolidated loss of approximately RMB 4.2 million for the same period in 2024 [1]. Group 1 - The turnaround from loss to profit is primarily attributed to increased demand for ready-mixed concrete and PHC piles in Nantong and surrounding areas during the first half of 2025 [1]. - The improvement in profitability is also supported by operational scale efficiencies and strategic cost management, which have significantly enhanced the gross profit margin [1].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Tailam Tech Construction Holdings Limited 泰林科建控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6193） 二零二五年六月三十日止六個月之中期業績公告。本公司截至二零二五年六月三十日 止六個月之中期業績預期將於二零二五年八月下旬公佈。 股東及潛在投資者在買賣本公司證券時，務請審慎行事。 承董事會命 泰林科建控股有限公司 正面盈利預告 本公告乃泰林科建控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根 據香港聯合交易所有限公司證券上市規則第13.09條及香港法例第571章證券及期貨條 例第XIVA 部項下之內幕消息條文而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在 投資者，根據本集團截至二零二五年六月三十日止六個月的未經審核綜合管理賬目 （「管理賬目」）以及董事會現時可得資料的初步評估，截至二零二五年六月 ...

呈交日期: 2025年8月4日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 泰林科建控股有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06193 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD 10,000 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue decreased to RMB 185.332 million, down 24.4% from RMB 245.031 million in 2023[9] - The gross profit for 2024 was RMB 18.357 million, representing a gross margin of 9.9%, compared to RMB 33.092 million and a gross margin of 13.5% in 2023[9] - The company reported a net loss of RMB 11.020 million for 2024, an improvement from a net loss of RMB 17.637 million in 2023[9] - Revenue decreased from approximately RMB 245,000,000 for the year ended December 31, 2023, to approximately RMB 185,300,000 for the year ended December 31, 2024, representing a decline of about RMB 59,700,000 or approximately 24.4%[25] - Gross profit fell from approximately RMB 33,100,000 for the year ended December 31, 2023, to approximately RMB 18,400,000 for the year ended December 31, 2024, a decrease of about RMB 14,700,000 or approximately 44.4%[26] - The company reported a loss of approximately RMB 11,000,000 for the year ended December 31, 2024, down from a loss of approximately RMB 17,600,000 for the year ended December 31, 2023, a reduction of about RMB 6,600,000 or approximately 37.5%[29] Assets and Equity - Total assets decreased to RMB 280.530 million in 2024, down from RMB 289.379 million in 2023[10] - The company's total equity attributable to owners decreased to RMB 195.947 million in 2024 from RMB 207.060 million in 2023[10] - Non-current assets increased slightly to RMB 126.855 million in 2024 from RMB 123.195 million in 2023[10] Cost and Expenses - Gross margin decreased from approximately 13.5% to approximately 9.9%, a decline of about 3.6% due to rising raw material and labor costs[26] - Sales and marketing expenses decreased from approximately RMB 4,000,000 for the year ended December 31, 2023, to approximately RMB 3,500,000 for the year ended December 31, 2024, a reduction of about RMB 500,000 or approximately 12.5%[27] - Administrative expenses decreased from approximately RMB 33,700,000 for the year ended December 31, 2023, to approximately RMB 30,700,000 for the year ended December 31, 2024, a decrease of about RMB 3,000,000 or approximately 8.9%[28] Strategic Partnerships and Market Outlook - The company established a strategic cooperation agreement with Anhui Conch Cement Co., Ltd. to secure a stable procurement channel for cement products, which is expected to alleviate current cost pressures[15] - The company anticipates a recovery in product demand due to the resumption of civil engineering projects and significant infrastructure initiatives in the Nantong area[17] - The company is optimistic about future growth opportunities in the Shanghai region following the strategic partnership with Conch Cement[15] Employment and Workforce - The company employed 49 full-time employees and 127 outsourced workers as of December 31, 2024, compared to 58 full-time employees and 82 outsourced workers as of December 31, 2023[31] Risk Management - The board of directors has identified various risks and uncertainties that may impact the company's financial condition and operational performance[68] - Market risk is a significant concern, influenced by fluctuations in market prices such as exchange rates, interest rates, and stock prices[69] - The company’s management actively monitors and manages these risks to ensure timely and effective responses[69] Corporate Governance - The board consists of seven members, including three executive directors and three independent non-executive directors, ensuring a diverse governance structure[171] - The company has adopted the corporate governance code and has been compliant with its provisions throughout the year ending December 31, 2024[163] - The board is committed to maintaining high corporate governance standards and will continue to review and improve governance practices[167] Share Capital and Stock Options - As of December 31, 2024, the company has issued a total of 400,000,000 shares[105] - The maximum number of shares that can be issued under the share option plan is capped at 10% of the total issued shares as of the listing date, which amounts to 40,000,000 shares[115] - The share option plan aims to incentivize eligible individuals to enhance their performance and efficiency within the group[112] Compliance and Legal Matters - The group has established compliance procedures to adhere to applicable laws and regulations, with no significant violations reported as of December 31, 2024[90] - The audit committee reviewed the group's financial statements for the year ending December 31, 2024, ensuring compliance with applicable financial reporting standards[155] - There were no significant legal proceedings or arbitration involving the company or its subsidiaries as of December 31, 2024[153] Environmental and Social Responsibility - The group emphasizes the importance of environmental protection and has implemented measures to reduce energy consumption and waste generation[89] - The group made charitable donations amounting to RMB 3,000 for the year ending December 31, 2024, compared to RMB 6,000 in 2023[150]

Financial Performance - For the year ending December 31, 2024, the total revenue was RMB 185,332,000, a decrease of 24.4% compared to RMB 245,031,000 in 2023[3] - The cost of sales for the same period was RMB 166,975,000, resulting in a gross profit of RMB 18,357,000, down 44.5% from RMB 33,092,000 in 2023[3] - Operating loss for the year was RMB 11,643,000, compared to a loss of RMB 10,949,000 in the previous year, indicating a deterioration in operational performance[3] - The net loss attributable to equity holders of the company was RMB 11,020,000, an improvement from a loss of RMB 17,637,000 in 2023[3] - Total revenue for the year ended December 31, 2024, was RMB 185,332 thousand, a decrease of 24.4% from RMB 245,031 thousand in 2023[12] - Sales of PHC piles amounted to RMB 115,594 thousand, down from RMB 120,581 thousand in the previous year, representing a decline of 4.1%[12] - Sales of ready-mixed concrete decreased significantly from RMB 115,013 thousand in 2023 to RMB 68,877 thousand in 2024, a drop of 40.0%[12] - The company reported a net financing income of RMB 172,000 for 2024, compared to a net loss of RMB 845,000 in 2023[19] - The company incurred a basic loss per share of RMB 0.03 for the year ended December 31, 2024, compared to RMB 0.04 in 2023[26] - Total loss attributable to equity holders for 2024 was RMB 11,020,000, an improvement from RMB 17,637,000 in 2023[26] - The company's loss for the year ending December 31, 2024, was approximately RMB 11,000,000, a reduction of about RMB 6,600,000 or approximately 37.5% from the loss of RMB 17,600,000 for the year ended December 31, 2023[45] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 280,530,000, a decrease from RMB 289,379,000 in 2023[4] - Total liabilities increased to RMB 84,583,000 in 2024 from RMB 82,319,000 in 2023, reflecting a rise in trade and other payables[5] - Cash and cash equivalents decreased significantly to RMB 6,003,000 from RMB 44,061,000 in the previous year, indicating liquidity challenges[4] - Trade receivables increased from RMB 93,745 thousand in 2023 to RMB 107,262 thousand in 2024, representing a growth of 14.4%[28] - The total value of trade and other payables increased from RMB 68,645 thousand in 2023 to RMB 75,954 thousand in 2024, reflecting an increase of 10.5%[37] - The company’s total other receivables decreased from RMB 2,071 thousand in 2023 to RMB 1,701 thousand in 2024, a decline of 17.8%[28] - The group has a deferred tax liability of RMB 41,115,000 related to undistributed profits as of December 31, 2024, slightly down from RMB 42,575,000 in 2023[24] Expenses - Employee benefits expenses decreased to RMB 15,211 thousand from RMB 16,926 thousand, a reduction of 10.1%[17] - Sales and marketing expenses decreased by approximately RMB 500,000 or about 12.5%, from approximately RMB 4,000,000 for the year ended December 31, 2023, to approximately RMB 3,500,000 for the year ending December 31, 2024[43] - Administrative expenses decreased by approximately RMB 3,000,000 or about 8.9%, from approximately RMB 33,700,000 for the year ended December 31, 2023, to approximately RMB 30,700,000 for the year ending December 31, 2024[44] Corporate Governance and Compliance - The company adheres to high corporate governance standards to protect shareholder interests and enhance corporate value[74] - The company continuously reviews and strengthens its corporate governance practices to ensure compliance with relevant regulations[74] - The audit committee consists of three independent non-executive directors, ensuring oversight of the financial statements for the year ending December 31, 2024[77] - The company has adopted the standard code for directors' securities trading as per the listing rules, confirming compliance during the reporting period[76] Strategic Initiatives - A strategic cooperation agreement was established with Anhui Conch Cement Co., Ltd. to enhance business operations in the Shanghai region[58] - The strategic partnership with Anhui Conch is expected to alleviate current cost pressures and ensure a stable supply of quality cement products[59] - Significant infrastructure projects in the surrounding area of Nantong are anticipated to boost product demand for the group[60] Risk Management - The company identifies various financial risks, including market risk, interest rate risk, foreign exchange risk, liquidity risk, operational risk, investment risk, and human resource risk[66][67][68][69][70][72][73] - The company monitors cash flow and maintains sufficient cash levels to manage liquidity risk effectively[70] Employee Relations - The company emphasizes the importance of maintaining strong relationships with employees, customers, and business partners for sustainable development[64] - The company provides a fair and safe working environment, promoting employee diversity and offering competitive compensation and benefits based on performance[64] - The company employed 49 full-time employees and 127 outsourced workers as of December 31, 2024, compared to 58 full-time employees and 82 outsourced workers in 2023[46] Investments - The group acquired 3,021,500 shares of Zhejiang Erge Technology Co., Ltd. for RMB 15,107,500, representing 5% of the issued share capital[52] - As of December 31, 2024, the fair value of the group's equity in Zhejiang Erge is approximately RMB 15,578,000, accounting for about 5.54% of the total assets[53] - The group recognized unrealized gains of RMB 470,000 from its investment in Zhejiang Erge during the year[53] Taxation - The applicable corporate income tax rate for the company's subsidiaries in mainland China is 25%, with a reduced rate of 15% for those qualifying as high-tech enterprises[21] - The company has utilized additional tax deductions for qualified R&D expenses, increasing from 150% to 200% for manufacturing enterprises since 2021[22] - The current income tax expense for the year ended December 31, 2024, was zero, while it was RMB 1,114,000 in 2023[20] - Deferred income tax expense decreased from RMB 4,729,000 in 2023 to RMB 451,000 in 2024[20] Shareholder Information - The company will not recommend a final dividend for the year ending December 31, 2024, similar to the previous year[79] - The company did not declare any dividends for the year ending December 31, 2024, consistent with the previous year[38] - The company will suspend share transfer registration from June 3, 2025, to June 6, 2025, to determine shareholder eligibility for the annual general meeting[82] - The annual results announcement has been published on the stock exchange and the company's website, with the annual report to be sent to shareholders as required[83]

Financial Performance - The company's revenue decreased by approximately RMB 56.3 million or 44.9% to about RMB 69.1 million for the six months ended June 30, 2024, compared to approximately RMB 125.4 million in the corresponding period [5]. - Gross profit fell by approximately RMB 9.3 million or 59.6% to about RMB 6.3 million, with the gross profit margin decreasing from approximately 12.5% to about 9.2% [6]. - The company recorded a net loss of approximately RMB 4.2 million for the period, compared to a net profit of approximately RMB 1.7 million in the corresponding period [8]. - Revenue for the six months ended June 30, 2024, was RMB 69,090,000, a decrease of 44.9% compared to RMB 125,400,000 for the same period in 2023 [31]. - Gross profit for the same period was RMB 6,325,000, down 59.5% from RMB 15,617,000 in 2023 [31]. - Operating loss for the six months was RMB 3,852,000, compared to an operating profit of RMB 2,384,000 in the previous year [31]. - Total comprehensive loss for the period was RMB 4,199,000, contrasting with a total comprehensive income of RMB 129,000 in 2023 [31]. - The company reported a basic and diluted loss per share of RMB (0.010) for the period, compared to earnings of RMB 0.004 per share in 2023 [31]. - For the six months ended June 30, 2024, the company reported a loss attributable to equity holders of RMB 4,181,000, compared to a profit of RMB 1,699,000 for the same period in 2023 [58]. - The basic earnings per share for the six months ended June 30, 2024, was RMB (0.010), a decrease from RMB 0.004 in the same period of 2023 [58]. Expenses and Cost Management - Sales and marketing expenses decreased by RMB 300,000 or 17.6% to approximately RMB 1.4 million [7]. - Administrative expenses decreased by approximately RMB 1.7 million or 11.5% to about RMB 13.1 million due to reduced business activity levels [8]. - The cost of raw materials and consumables used was RMB 45,505,000, down from RMB 96,894,000 in the previous year [48]. - The management's compensation for the six months ended June 30, 2024, was approximately RMB 2,247,000, a decrease from RMB 2,430,000 for the same period in 2023 [69]. Cash Flow and Liquidity - As of June 30, 2024, the group held cash and cash equivalents of approximately RMB 27,100,000, down from RMB 44,100,000 as of December 31, 2023 [11]. - Cash generated from operating activities for the six months ended June 30, 2024, was RMB 3,694,000, a decrease of 64.7% from RMB 10,447,000 in the same period in 2023 [35]. - Net cash used in investing activities was RMB 15,530,000 for the six months ended June 30, 2024, compared to RMB 1,674,000 in the same period in 2023, indicating a significant increase in investment outflows [35]. - Cash and cash equivalents decreased by RMB 17,075,000 during the six months ended June 30, 2024, compared to a decrease of RMB 16,261,000 in the same period in 2023 [35]. - The company’s cash and cash equivalents as of June 30, 2024, stood at RMB 27,096,000, compared to RMB 26,014,000 as of June 30, 2023 [35]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 257,564,000, down from RMB 289,379,000 as of December 31, 2023 [32]. - Total liabilities decreased to RMB 54,703,000 from RMB 82,319,000 at the end of 2023 [33]. - The company has zero bank borrowings as of June 30, 2024, down from approximately RMB 5 million as of December 31, 2023 [8]. - The group had no interest-bearing borrowings as of June 30, 2024, resulting in a debt-to-equity ratio of 0%, compared to 2.4% as of December 31, 2023 [11]. - Trade payables to third parties increased to RMB 61,389 thousand as of June 30, 2024, from RMB 43,383 thousand as of December 31, 2023, marking a 41.6% rise [65]. - The total liabilities for trade and other payables reached RMB 68,645 thousand as of June 30, 2024, compared to RMB 45,214 thousand as of December 31, 2023, indicating a 52.1% increase [66]. Strategic Focus and Future Outlook - The company plans to focus on enhancing manufacturing processes and digital transformation of equipment to maintain production capacity and flexibility [9]. - The company aims to optimize cost structure and diversify revenue sources to improve performance in the second half of the year [9]. - The company remains confident in the long-term prospects of its core business despite facing significant market challenges in the first half of 2024 [9]. - The company has taken measures to mitigate risks related to economic uncertainty, including prudent credit control strategies [4]. Shareholder Information - As of June 30, 2024, the major shareholders included Ms. Wang Xianyu with a 57.13% stake and Mr. Wang Liangyou with a combined stake of 10.46% [19]. - Apax Investment holds 228,536,000 shares, representing 57.13% of the issued share capital as of June 30, 2024 [22]. - Glorycore Investment owns 26,870,000 shares, accounting for 6.72% of the issued share capital [22]. - The total issued share capital of the company as of June 30, 2024, is 400,000,000 shares [22]. - The company has a stock option plan that allows for the issuance of up to 40,000,000 shares, equivalent to 10% of the issued share capital [24]. - No stock options have been granted, canceled, or exercised under the stock option plan since its adoption [24]. Corporate Governance - The company is committed to maintaining high corporate governance standards and has adopted the corporate governance code as per the listing rules [25]. - The roles of the Chairman and CEO are not separated, with the current CEO also serving as the Chairman, which the board believes is in the best interest of the company [26]. - There have been changes in director information, including the resignation of the CEO of a subsidiary while retaining other roles [27]. Other Information - The board did not recommend any interim dividend for the period ending June 30, 2023 [17]. - The group did not engage in any purchase, sale, or redemption of its listed securities during the period [18]. - The company reported no significant contingent liabilities as of June 30, 2024 [15]. - There were no significant events after June 30, 2024, that would materially affect the company's business and financial performance [71].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 69,090,000, compared to RMB 125,400,000 for the same period in 2023, representing a decrease of 44.9%[2] - Gross profit for the same period was RMB 6,325,000, down from RMB 15,617,000 in 2023, indicating a decline of 59.6%[2] - The operating loss for the six months was RMB 3,852,000, compared to an operating profit of RMB 2,384,000 in the previous year[2] - The net loss for the period was RMB 4,181,000, compared to a profit of RMB 1,699,000 in the corresponding period of 2023[2] - The company reported a basic and diluted loss per share of RMB (0.010) for the six months ended June 30, 2024, compared to earnings per share of RMB 0.004 in the same period of 2023[2] - The group reported a net other income of RMB 872,000 for the six months ended June 30, 2024, compared to RMB 3,317,000 in the previous year, indicating a decline[23] - The group recorded a net loss of approximately RMB 4.2 million for the period, compared to a net profit of approximately RMB 1.7 million in the corresponding period[49] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 257,564,000, down from RMB 289,379,000 as of December 31, 2023, reflecting a decrease of 11%[3] - Cash and cash equivalents decreased to RMB 27,096,000 from RMB 44,061,000, a decline of 38.5%[3] - Total equity attributable to the owners of the company was RMB 202,861,000, down from RMB 207,060,000 at the end of 2023[3] - Trade and other payables decreased to RMB 45,214,000 from RMB 68,645,000, a reduction of 34.2%[5] - Trade receivables from third parties decreased to RMB 75,026,000 as of June 30, 2024, down from RMB 93,745,000 as of December 31, 2023, representing a decline of approximately 20%[34] - Total trade payables decreased to RMB 43,383,000 as of June 30, 2024, from RMB 61,389,000 as of December 31, 2023, reflecting a decrease of approximately 29%[38] Cash Flow - Operating cash inflow for the six months ended June 30, 2024, was RMB 3,694,000, a decrease of 64.7% compared to RMB 10,447,000 in the same period of 2023[7] - The company reported a net cash inflow from operating activities of RMB 3,678,000 for the six months ended June 30, 2024, down from RMB 9,902,000 in the same period of 2023[7] - Net cash used in investing activities was RMB 15,530,000, significantly higher than RMB 1,674,000 in the previous year, indicating increased investment expenditures[7] - Bank borrowings received amounted to RMB 27,000,000, while repayments totaled RMB 32,000,000, reflecting a net cash outflow from financing activities of RMB 5,223,000[7] Revenue Breakdown - Revenue from PHC piles was RMB 41,414,000, down 16.5% from RMB 49,849,000 in the previous year[18] - Revenue from ready-mixed concrete was RMB 26,115,000, a decline of 63.7% from RMB 71,892,000 in the same period last year[18] - The group's revenue decreased by approximately RMB 56.3 million or 44.9% to about RMB 69.1 million due to a prolonged slowdown in the construction and real estate market, leading to reduced demand for the group's products[45] Cost and Expenses - The cost of raw materials and consumables for the six months ended June 30, 2024, was RMB 45,505,000, a decrease of 53.1% from RMB 96,894,000 in the same period of 2023[22] - The group incurred financing costs of RMB 96,000, down from RMB 912,000 in the previous year, reflecting a significant reduction in interest expenses[21] - Administrative expenses decreased by approximately RMB 1.7 million or 11.5% to about RMB 13.1 million due to lower business activity levels[48] - The group reduced selling and marketing expenses by approximately RMB 300,000 or 17.6% to about RMB 1.4 million[47] Corporate Governance and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which may impact future financial reporting[11] - The audit committee, consisting of three independent non-executive directors, oversees the financial reporting process and risk management[65] - The interim financial information has not been audited but has been reviewed by the audit committee[66] - The company is committed to maintaining high corporate governance standards and has adopted the corporate governance code[62] Future Outlook - Management expects a revival of projects in the third and fourth quarters of 2024, which is anticipated to create new opportunities for growth[44] - The group is focused on diversifying revenue sources and optimizing cost structures to improve performance in the second half of the year[51] - The group aims to enhance manufacturing processes and digital transformation to maintain production capacity and flexibility while ensuring high product quality and customer satisfaction[51] Investments - The company has made significant investments in equity securities, with a total fair value measurement of RMB 22,329,000 as of June 30, 2024[15] - The company holds 5% equity in Zhejiang Erge Technology Co., Ltd., a company engaged in renewable energy systems, as of June 30, 2024[33] - On January 18, 2024, the group acquired 5% of Zhejiang Erge Technology Co., Ltd. for RMB 15,107,500, completing the purchase on January 29, 2024[57] Miscellaneous - The company did not declare or pay any dividends for the six months ending June 30, 2024, consistent with the previous period[27] - The group has no significant foreign exchange risk as it primarily operates in Renminbi and Hong Kong dollars, with no hedging policies in place[56] - There were no significant investments, acquisitions, or disposals of subsidiaries during the reporting period[57] - There were no significant events after June 30, 2024, that would materially affect the company's business and financial performance[43] - The company has no significant contingent liabilities as of June 30, 2024[42]

Financial Performance - Total revenue for the fiscal year 2023 was RMB 245,031,000, a decrease of 24.8% compared to RMB 326,165,000 in 2022[8] - Gross profit for 2023 was RMB 33,092,000, down 22.6% from RMB 42,868,000 in the previous year[8] - The company reported a net loss of RMB 17,637,000 for 2023, compared to a profit of RMB 8,964,000 in 2022[8] - Revenue decreased by approximately RMB 81.2 million or 24.9% to about RMB 245 million for the year ended December 31, 2023, compared to approximately RMB 326.2 million for the year ended December 31, 2022[22] - Gross profit decreased by approximately RMB 9.8 million or 22.8% to about RMB 33.1 million, while gross profit margin increased from approximately 13.1% to 13.5%[23] - Net loss for the year ended December 31, 2023, was approximately RMB 17.6 million, compared to a net profit of approximately RMB 9 million for the year ended December 31, 2022[26] Assets and Liabilities - Total assets decreased to RMB 289,379,000 in 2023 from RMB 402,295,000 in 2022, representing a decline of 28.1%[10] - Current liabilities were RMB 77,177,000 in 2023, down from RMB 174,172,000 in 2022, a reduction of 55.7%[10] - Cash and bank balances as of December 31, 2023, were approximately RMB 44.1 million, compared to RMB 43.2 million as of December 31, 2022[32] - The company had borrowings of approximately RMB 5 million as of December 31, 2023, down from approximately RMB 52.6 million as of December 31, 2022[32] - Current ratio improved to 2.2 as of December 31, 2023, compared to 1.5 as of December 31, 2022[32] Strategic Outlook - The company aims to maintain a cautious optimism regarding the construction industry outlook for 2024, despite expected continued market sluggishness[16] - The company plans to enhance product quality and optimize team management to seize new opportunities as they arise[16] - Strict cost control measures will be implemented to ensure product quality is not compromised during operations[16] - The company will explore new business and investment opportunities to diversify its operations and provide additional returns to shareholders[16] - The company will adopt a conservative approach when making new investment decisions and will regularly review investment strategies[16] Management and Governance - The company reported a significant increase in overall strategy planning and management experience, with over 17 years in business management and more than 10 years in the concrete supply industry[43] - The executive team includes individuals with extensive experience, such as the CEO who has been with the group since June 2011 and has held multiple key positions[43] - The company has a strong financial management background, with the internal control director having over 40 years of experience in accounting and financial management[50] - The non-executive director has over 25 years of experience in the real estate, construction, and development industry, providing valuable insights into overall management and marketing strategies[51] - The independent non-executive director has rich experience in management consulting and investment, contributing independent opinions and judgments to the board[53] Shareholder Information - The company’s ultimate holding shareholder is Ms. Wang Xianyu, who has significant influence over the company’s strategic decisions[62] - As of December 31, 2023, the top five customers accounted for approximately 36.79% of total sales, with the largest customer contributing about 9.32%[83] - The top five suppliers represented approximately 33.02% of total procurement, with the largest supplier accounting for about 18.71%[83] - As of December 31, 2023, the company had reserves available for distribution amounting to approximately RMB 130.3 million, down from RMB 135.8 million in 2022[89] Compliance and Risk Management - The company has established compliance procedures to ensure adherence to applicable laws and regulations, with no significant violations reported[93] - The company faces various risks and uncertainties that may impact its financial condition and operational performance, including market risks related to price fluctuations[70] - The audit committee reviewed the financial statements for the year ended December 31, 2023, ensuring compliance with applicable financial reporting standards[155] Corporate Social Responsibility - The company is committed to environmental sustainability and has implemented measures to reduce energy consumption and waste generation[92] - The group made charitable donations amounting to RMB 6,000 for the year ended December 31, 2023, compared to zero in 2022[150] Stock Option Plan - The stock option plan allows for a maximum of 40,000,000 shares to be issued, representing 10% of the total shares outstanding as of the report date[117] - No stock options have been granted, canceled, or exercised under the stock option plan as of the report date, leaving the full 40,000,000 shares available for issuance[117] - The stock option plan is designed to incentivize qualified individuals to enhance their performance and efficiency within the group[115] - The plan requires shareholder approval and compliance with the stock exchange regulations for any shares issued upon the exercise of stock options[116] Board Diversity and Composition - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[168] - As of December 31, 2023, 42.9% of the board members are female, reflecting the company's commitment to gender diversity[173] - The company has adopted a board diversity policy, aiming to enhance representation across various dimensions, including gender, age, and professional experience[171] - The board's composition includes members with backgrounds in accounting, law, and investment, showcasing a variety of professional expertise[200]