Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 245,031,000, a decrease of 24.8% compared to RMB 326,165,000 in 2022[4] - Gross profit for the same period was RMB 33,092,000, down 22.6% from RMB 42,868,000 in the previous year[4] - The net loss attributable to equity holders for the year was RMB 17,637,000, compared to a profit of RMB 8,964,000 in 2022[4] - Revenue decreased by approximately RMB 81,200,000 or about 24.9% to approximately RMB 245,000,000 for the year ended December 31, 2023, compared to approximately RMB 326,200,000 for the year ended December 31, 2022[53] - Gross profit decreased by approximately RMB 9,800,000 or about 22.8% to approximately RMB 33,100,000 for the year ended December 31, 2023, with a gross profit margin increase from approximately 13.1% to approximately 13.5%[54] - The company recorded a net loss of approximately RMB 17,600,000 for the year ended December 31, 2023, compared to a net profit of approximately RMB 9,000,000 for the year ended December 31, 2022[58] Assets and Liabilities - Total assets decreased to RMB 289,379,000 in 2023 from RMB 402,995,000 in 2022, representing a decline of 28.2%[5] - Total liabilities also decreased to RMB 82,319,000 in 2023 from RMB 177,237,000 in 2022, a reduction of 53.6%[7] - The company's retained earnings decreased to RMB 66,198,000 in 2023 from RMB 83,835,000 in 2022, a decline of 21.2%[5] - Trade receivables from third parties decreased to RMB 78,247,000 in 2023 from RMB 157,204,000 in 2022, reflecting a decline of approximately 50%[35] - The total amount of other receivables decreased to RMB 2,071,000 in 2023 from RMB 10,002,000 in 2022, showing a decline of approximately 79%[35] - The company's borrowings were approximately RMB 5,000,000 as of December 31, 2023, down from approximately RMB 52,600,000 as of December 31, 2022[63] - The debt-to-equity ratio was 2.4% as of December 31, 2023, significantly reduced from 23.3% as of December 31, 2022[63] - The current ratio improved to 2.2 as of December 31, 2023, compared to 1.5 as of December 31, 2022[63] Cash Flow and Financing - Cash and cash equivalents increased slightly to RMB 44,061,000 in 2023 from RMB 43,192,000 in 2022[5] - Cash and bank balances amounted to approximately RMB 44,100,000 as of December 31, 2023, compared to approximately RMB 43,200,000 as of December 31, 2022[62] - The net financing costs for the year ended December 31, 2023, were RMB (845) thousand, a significant improvement from RMB (2,171) thousand in 2022[23] - The group closely monitors cash flow to manage liquidity risk and maintain sufficient cash and cash equivalents[86] Operational Performance - Employee benefit expenses for the year ended December 31, 2023, were RMB 16,926 thousand, an increase of 10.4% from RMB 15,330 thousand in 2022[22] - Administrative expenses increased by approximately RMB 3,600,000 or about 12.0% to approximately RMB 33,700,000 for the year ended December 31, 2023, primarily due to increased employee costs and travel expenses[57] - The depreciation of property, plant, and equipment for the year ended December 31, 2023, was RMB 13,755 thousand, a decrease of 2.4% from RMB 15,122 thousand in 2022[22] Taxation - The company's income tax expense for the year ended December 31, 2023, was RMB 5,843,000, compared to RMB 3,606,000 in 2022, representing an increase of approximately 62%[30] - The deferred tax liabilities related to undistributed profits amounted to RMB 42,575,000 as of December 31, 2023, down from RMB 100,592,000 in 2022, indicating a reduction of about 58%[29] - The effective corporate income tax rate for the company's subsidiaries in China is 25%, but a subsidiary qualified as a high-tech enterprise benefits from a reduced rate of 15%[26] Corporate Governance and Management - The company has adopted corporate governance practices to protect shareholder interests and enhance corporate value[91] - The roles of the Chairman and CEO are currently held by the same individual, which the board believes serves the best interests of the group[92] - The audit committee, composed of independent non-executive directors, has reviewed the group's audited consolidated financial statements for the year ending December 31, 2023[95] Future Outlook and Strategy - The outlook for 2024 anticipates continued sluggishness in China's infrastructure and real estate markets, although government policies are expected to ease further to improve market conditions[71] - The group remains cautiously optimistic about the construction industry and aims to enhance product quality and optimize team management to seize emerging opportunities[72] - The group will continue to adhere to its core business in construction materials and actively participate in construction and infrastructure projects in China[72] - The group emphasizes strict cost control measures while ensuring product quality is not compromised[72] - The group is committed to environmental protection and sustainable development, recognizing the importance of minimizing pollution during production processes[73] Risks and Challenges - Market risks, including fluctuations in exchange rates, interest rates, and stock prices, may impact the group's profitability and business objectives[82] - The group faces interest rate risk from its borrowings, all of which are calculated at floating rates, leading to cash flow interest rate risk[83] - Operational risks are managed by identifying and assessing key operational risks regularly, although unexpected events may still lead to financial losses[87] - The group is exposed to investment risk, defined as the potential for loss relative to expected returns, emphasizing the importance of risk assessment in investment decisions[88] - The group may face challenges in attracting and retaining key personnel with the necessary skills and experience, and offers competitive compensation packages[89] Shareholder Information - The company did not declare any dividends for the year ending December 31, 2023, consistent with the previous year[49] - The company did not recommend the payment of a final dividend for the year ending December 31, 2023[97] - During the reporting period, the company or its subsidiaries did not purchase, sell, or redeem any of its listed securities[98] - On January 18, 2024, the company entered into an agreement to acquire 5% of the issued share capital of Zhejiang Erge Technology Co., Ltd. for RMB 15,107,500[99] - The acquisition was completed on January 29, 2024[99] - The company will suspend the handling of share transfer registration from June 4, 2024, to June 7, 2024, to determine shareholder eligibility for the annual general meeting[102] - The annual results announcement has been published on the Hong Kong Stock Exchange and the company's website[103]

智通财经APP讯，泰林科建(06193)发布公告，预期集团截至2023年12月31日止年度将取得综合亏损约人民币1690万元，而截至2022年12月31日止年度则取得经审核综合溢利约人民币900万元。 公告称，预期由纯利转为净亏损主要归因于以下原因：(i)集团销售额下降，此乃主要由于(a)行业竞争激烈及基础建设及相关经济活动处于低迷状态，导致许多建设项目都处于停顿状态或推迟建设时间，为此削弱了对集团产品(包括商品混凝土及PHC管桩)的需求;及(b)集团于承接订单时，采取审慎态度，筛除掉较高风险项目，以利于更好的风险控制;(ii)由于某些贸易应收帐款的收款周期较长，导致贸易应收帐款的预期信用损失拨备增加;及(iii)截至2023年12月31日止年度的递延所得税支出增加。 ...

Revenue and Profitability - The company's revenue decreased by approximately RMB 22.3 million or 15.1% to about RMB 125.4 million for the six months ended June 30, 2023, compared to approximately RMB 147.7 million in the corresponding period of 2022, attributed to reduced infrastructure activities affecting PHC pile sales [11]. - The company's profit for the period decreased by approximately RMB 200,000 or 10.5% to about RMB 1.7 million, down from approximately RMB 1.9 million in the corresponding period [15]. - The company reported revenue of RMB 125,400,000 for the six months ended June 30, 2023, a decrease of 15% compared to RMB 147,662,000 for the same period in 2022 [52]. - Gross profit for the same period was RMB 15,617,000, representing an increase of 13% from RMB 13,803,000 in the previous year [52]. - Operating profit decreased to RMB 2,384,000, down 34% from RMB 3,591,000 in the prior year [52]. - Profit before tax was RMB 1,778,000, a decline of 35% compared to RMB 2,732,000 in the previous year [52]. - The company reported a net profit of RMB 1,699,000 for the period, down 12% from RMB 1,936,000 in the same period last year [52]. - The total comprehensive income for the period was RMB 129,000, significantly lower than RMB 474,000 in the previous year [52]. Expenses and Cost Management - Gross profit increased by approximately RMB 1.8 million or 13.0% to about RMB 15.6 million, with the gross profit margin rising from approximately 9.3% to about 12.5%, due to effective cost control and improved overall efficiency [12]. - Administrative expenses increased by approximately RMB 2.2 million or 17.5% to about RMB 14.8 million, primarily due to increased travel and consultancy costs related to promotional activities [14]. - Sales and marketing expenses remained stable at approximately RMB 1.7 million, unchanged from the corresponding period [13]. - The cost of materials and consumables used was RMB 96,894,000, down 21% from RMB 122,781,000 in the previous year [77]. Financial Position and Liquidity - Bank borrowings decreased from approximately RMB 52.6 million as of December 31, 2022, to about RMB 30 million as of June 30, 2023, a reduction of approximately RMB 22.6 million [16]. - As of June 30, 2023, the group held cash and bank balances of approximately RMB 26,000,000, down from RMB 43,200,000 as of December 31, 2022 [21]. - The group's borrowings amounted to approximately RMB 30,000,000 as of June 30, 2023, a decrease from RMB 52,600,000 as of December 31, 2022 [21]. - The debt-to-equity ratio was 13.3% as of June 30, 2023, compared to 23.3% as of December 31, 2022 [21]. - The current ratio (current assets/current liabilities) improved to 1.8 times as of June 30, 2023, from 1.5 times as of December 31, 2022 [22]. - The net value of current assets was approximately RMB 97,500,000 as of June 30, 2023, compared to RMB 93,900,000 as of December 31, 2022 [22]. - The company’s cash and cash equivalents decreased to RMB 26,014,000 from RMB 43,192,000, a decline of approximately 39.9% [60]. - Current liabilities decreased to RMB 117,801,000 from RMB 174,172,000, a reduction of about 32.3% [56]. Investments and Assets - The group did not engage in any significant investments, acquisitions, or disposals during the reporting period [29]. - As of June 30, 2023, total assets decreased to RMB 344,083,000 from RMB 402,995,000 as of December 31, 2022, representing a decline of approximately 14.6% [55]. - Non-current assets located in China amounted to RMB 118,062,000, a slight decrease from RMB 121,946,000 as of December 31, 2022 [73]. - The company established a production facility in Qidong, Jiangsu Province, China, for manufacturing and selling prestressed high-strength concrete piles (PHC piles) and other concrete products [10]. Share Capital and Dividends - The company has a total issued share capital of 400,000,000 shares as of June 30, 2023 [40]. - The share option plan allows for the issuance of up to 40,000,000 shares, which is 10% of the total issued share capital [42][43]. - The group did not recommend any interim dividend for the period [32]. - The group has not declared or paid any dividends for the six months ended June 30, 2023, consistent with the same period in 2022 [84]. Risk Factors and Market Conditions - The group’s business is highly dependent on the performance of the Chinese property market, which poses a risk to its operations and financial condition [25]. - The company anticipates capturing various opportunities following market recovery despite ongoing challenges in the construction industry and broader business environment [18]. Management and Governance - The company has maintained compliance with the corporate governance code throughout the reporting period [44]. - The audit committee reviewed the financial information in the interim report, although it was not audited by external auditors [48]. - The remuneration for key management personnel for the six months ended June 30, 2023, was approximately RMB 2,430,000, representing an increase of 20.4% compared to RMB 2,019,000 for the same period in 2022 [95]. Other Financial Information - The company incurred a net cash outflow from financing activities of RMB 24,489,000 for the six months ended June 30, 2023, compared to RMB 1,090,000 for the same period in 2022 [60]. - The company’s retained earnings increased to RMB 85,065,000 as of June 30, 2023, from RMB 83,835,000 at the end of 2022, indicating an increase of about 1.5% [59]. - The company reported a total of RMB 3,317,000 in other net income, slightly up from RMB 3,204,000 in the previous year [78]. - The income tax expense for the six months ended June 30, 2023, was RMB 79,000, a significant decrease from RMB 796,000 in the same period of 2022 [80]. - The group has recognized additional tax deductions for qualified R&D expenses at a rate of 200% for the manufacturing sector, effective from 2021 [86]. - The group has not identified any significant impact from the newly issued or revised Hong Kong Financial Reporting Standards on its financial performance [70]. - The company is currently assessing the potential impact of new or revised accounting standards on its performance and financial position [72]. - There were no significant contingent liabilities as of June 30, 2023, indicating a stable financial position [97]. - No significant events occurred after June 30, 2023, that would materially affect the business and financial performance of the company [98].

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） 中 期 業 績 公 告 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 泰林科建控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈本公司 及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「本期間」） 未經審核簡明綜合中期財務報表，連同二零二二年相應期間（「相應期間」）的比 較數字。 ...

Financial Performance - The total revenue for the fiscal year 2022 was RMB 326.165 million, a decrease of 33.2% compared to RMB 488.372 million in 2021[8]. - The gross profit for 2022 was RMB 42.868 million, down 17.5% from RMB 51.958 million in the previous year[8]. - The operating profit increased significantly to RMB 14.741 million from RMB 3.824 million in 2021, marking a growth of 285.5%[8]. - The net profit for the year was RMB 8.964 million, a substantial increase from RMB 1.713 million in 2021, representing a growth of 424.5%[8]. - Revenue decreased from approximately RMB 488.4 million in the fiscal year ended December 31, 2021, to approximately RMB 326.2 million in the fiscal year ended December 31, 2022, representing a decline of about 33.2%[27]. - Gross profit decreased from approximately RMB 52 million to approximately RMB 42.9 million, a reduction of about RMB 9.1 million or approximately 17.5%, while gross margin increased from approximately 10.6% to approximately 13.1%[28]. - Comprehensive profit increased from approximately RMB 1.7 million in the fiscal year ended December 31, 2021, to approximately RMB 9 million in the fiscal year ended December 31, 2022, an increase of about RMB 7.3 million or approximately 429.4%[31]. Assets and Liabilities - Total assets as of December 31, 2022, were RMB 402.295 million, a decrease from RMB 437.706 million in 2021[11]. - The total liabilities decreased to RMB 177.237 million in 2022 from RMB 217.535 million in 2021, reflecting a reduction of 18.5%[11]. - The equity attributable to the owners of the company was RMB 225.758 million, slightly up from RMB 220.171 million in 2021[11]. - Cash and bank balances as of December 31, 2022, were approximately RMB 43.2 million, up from approximately RMB 36.1 million in the previous year[37]. - Total borrowings as of December 31, 2022, were approximately RMB 52.6 million, a decrease from approximately RMB 54.2 million in the previous year[37]. - The debt-to-equity ratio as of December 31, 2022, was 23.3%, compared to 24.6% in the previous year[37]. - The current ratio as of December 31, 2022, was 1.5, compared to 1.4 in the previous year[37]. Expenses - The company reported a significant decline in sales costs, which were RMB 283.297 million in 2022 compared to RMB 436.414 million in 2021, a decrease of 35.1%[8]. - Sales and marketing expenses increased from approximately RMB 4.1 million to approximately RMB 4.6 million, an increase of about 12.2%[29]. - Administrative expenses decreased from approximately RMB 38.5 million to approximately RMB 30.1 million, a reduction of about 21.8%[30]. Business Strategy and Market Outlook - The company plans to focus on expanding its production and sales of PHC piles and concrete products in Jiangsu Province, China, amidst a challenging business environment[17]. - Despite challenges in the operating environment over the past year, the group remains optimistic and aims to efficiently utilize resources to capture viable business opportunities for sustainable long-term growth[44]. - The group plans to maintain market share and retain ample capital while exploring new business and investment opportunities to diversify operations and enhance shareholder returns[44]. - Customer demand for high-quality construction materials remains resilient, and the group is prepared to meet this demand as it rises[44]. - The group will continue to leverage its expertise in construction materials while adhering to its mission of "Building Foundations, Constructing Futures"[45]. Shareholder Information - The company has adopted a dividend policy, considering factors such as operational and financial performance, cash flow, and future business prospects when deciding on dividends[73]. - No interim dividend was declared for the six months ending June 30, 2022, compared to a dividend of HKD 0.025 per share for the same period in 2021[74]. - The board does not recommend a final dividend for the year ending December 31, 2022, compared to no dividend in 2021[75]. - As of December 31, 2022, the company had a total of 400,000,000 shares issued[122]. - Wang Xianyu holds 228,536,000 shares, representing 57.13% of the company's issued share capital[119]. - Wang Liangyou holds 12,000,000 shares, representing 3.00% of the company's issued share capital[119]. - Apax Investment, controlled by Wang Xianyu, also holds 228,536,000 shares, equivalent to 57.13%[123]. - Glorycore Investment Holdings Limited holds 25,200,000 shares, representing 6.30% of the company's issued share capital[123]. Corporate Governance - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[189]. - The company has established three board committees, including the audit committee, remuneration committee, and nomination committee, to oversee specific areas of governance[186]. - As of December 31, 2022, female directors accounted for 42.9% of the total board members, reflecting the company's commitment to gender diversity[196]. - The board diversity policy aims to enhance representation across various dimensions, including gender, age, cultural background, and professional experience[193]. - The company has three independent non-executive directors, exceeding one-third of the board, ensuring compliance with listing rules[192]. - All independent non-executive directors confirmed their independence status as of December 31, 2022, following an evaluation by the nomination committee[192]. - The board consists of members with diverse knowledge and skills in business management, finance, investment, law, auditing, and accounting[193]. - The board diversity policy will be reviewed annually to ensure alignment with the company's needs and regulatory requirements[196]. Risk Management - The group faces various market risks, including fluctuations in exchange rates, interest rates, and stock prices, which could impact profitability[78]. - The company's financial condition and operational performance may be affected by several identified risks and uncertainties[77]. - The group's business performance is highly dependent on the Chinese property market, which has been declining due to various factors including the COVID-19 pandemic and complex international conditions[79]. - The group faces liquidity risk due to uncertainties in obtaining sufficient funds or liquidating assets to meet obligations[86]. - The group has no foreign currency hedging policy but closely monitors foreign exchange rate fluctuations to manage currency risk[84]. - The group has not engaged in any hedging activities as of December 31, 2022, and closely monitors interest rate risks associated with floating rate borrowings[80]. - The group recognizes the risks associated with attracting and retaining skilled personnel and offers competitive compensation packages to mitigate this risk[89]. Compliance and Legal Matters - The group has established compliance procedures to ensure adherence to applicable laws and regulations, with no significant violations reported as of December 31, 2022[103]. - The group complied with all relevant laws and regulations during the reporting period[174]. - The financial statements for the year ended December 31, 2022, were reviewed by the audit committee and complied with applicable financial reporting standards[175]. - There were no significant legal proceedings or arbitrations involving the company or its subsidiaries as of December 31, 2022[173]. - The company did not make any charitable donations for the year ended December 31, 2022[170]. Stock Option Plan - The company has a stock option plan that requires prior approval from independent non-executive directors for any grants to directors, senior executives, or major shareholders[136]. - 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[130]. - As of the report date, the company has not granted any options under the share option plan, leaving 40,000,000 shares available for issuance[130]. - The share option plan aims to incentivize eligible individuals to enhance their performance and efficiency within the group[127]. - The plan allows the board to grant options to various qualified individuals, including employees and directors of the group[128]. - The company must issue a circular to shareholders detailing the plan's terms and conditions before granting any options exceeding the authorization limit[132]. - The board has the discretion to grant options at any time within 10 years from the adoption date of the plan[134]. - Stock options are non-transferable and cannot be sold or pledged, with violations leading to potential cancellation of unexercised options[160]. - The stock option plan will be effective for a period of 10 years from the adoption date, expiring on November 4, 2029, with approximately 6 years and 8 months remaining as of the report date[151]. - The board has the authority to cancel unexercised options without compensation, but may choose to provide compensation at their discretion[156].

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） 全 年 業 績 公 告 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 泰林科建控股有限公司（「本公司」）董 事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度的經審 核綜合財務業績，連同截至二零二一年十二月三十一日止年度的比較數字。 本集團截至二零二二年十二月三十一日止年度的全年業績已經本公司審核委 員會（「審核委員會」）及董事會審閱。 ...

Financial Performance - The company's revenue decreased by approximately RMB 64.6 million or 30.4% to about RMB 147.7 million for the period, compared to approximately RMB 212.3 million in the corresponding period[13] - Gross profit fell by approximately RMB 10.8 million or 43.9% to about RMB 13.8 million, with a gross margin decline from approximately 11.6% to about 9.3% due to rising costs, particularly shipping[14] - Profit for the period decreased by approximately RMB 4.9 million or 72.1% to about RMB 1.9 million, down from approximately RMB 6.8 million in the corresponding period[17] - The company reported a total comprehensive income of RMB 474,000, significantly lower than RMB 7,082,000 in the same period last year, marking a decline of 93.3%[57] - Basic and diluted earnings per share were RMB 0.005, down from RMB 0.017 in the previous year, reflecting a decrease of 70.6%[57] - The company recorded a profit of RMB 1,936 thousand for the six months ended June 30, 2022, compared to a profit of RMB 6,760 thousand for the same period in 2021, indicating a decrease of about 71.4%[64] Expenses and Costs - Sales and marketing expenses increased by approximately RMB 0.1 million or 6.3% to about RMB 1.7 million for the period[15] - Administrative expenses decreased by approximately RMB 4.5 million or 26.3% to about RMB 12.6 million due to reduced business activity and ongoing cost control measures[16] - The company’s cost of sales was RMB 133,859,000, which is 28.8% lower than RMB 187,705,000 in the previous year[57] - The company incurred raw materials and consumables expenses of RMB 122,781,000, down from RMB 184,207,000 in the previous year[83] - Depreciation and amortization expenses increased to RMB 7,641,000 from RMB 4,771,000 year-on-year[83] Assets and Liabilities - Total assets decreased from RMB 437,706 thousand as of December 31, 2021, to RMB 379,182 thousand as of June 30, 2022, representing a decline of approximately 13.3%[59] - Total liabilities decreased from RMB 217,535 thousand to RMB 158,537 thousand, a decrease of around 27.1%[62] - The company held cash and bank balances of approximately RMB 22,100,000 as of June 30, 2022, down from RMB 36,100,000 as of December 31, 2021[23] - The company's borrowings amounted to approximately RMB 54,700,000 as of June 30, 2022, slightly up from RMB 54,200,000 as of December 31, 2021[23] - The debt-to-equity ratio was 0.7 times as of June 30, 2022, improved from 1.0 times as of December 31, 2021[23] - The current ratio was 1.6 times as of June 30, 2022, compared to 1.4 times as of December 31, 2021[23] - The net current assets were approximately RMB 89,700,000 as of June 30, 2022, an increase from RMB 81,800,000 as of December 31, 2021[23] Market and Operational Developments - The company plans to continue exploring opportunities to expand market share while monitoring developments in the construction industry and the pandemic[20] - The company established a production facility in Qidong, Jiangsu Province, to manufacture and sell PHC piles, ready-mixed concrete, and expanded clay concrete panels[11] - The company remains optimistic about its long-term prospects despite challenges posed by COVID-19 and rising material costs[20] - The company aims to maintain sustainable development by closely monitoring its operating capital[20] Employee and Management Information - As of June 30, 2022, the company employed approximately 54 full-time employees and 177 outsourced workers, compared to 51 full-time employees and 152 outsourced workers as of December 31, 2021[21] - The total remuneration for key management personnel for the six months ended June 30, 2022, was approximately RMB 2,019,000, a slight decrease from RMB 2,046,000 for the same period in 2021[111] Dividends and Shareholder Information - The company did not recommend any interim dividend for the period, compared to an interim dividend of HKD 0.025 per share for the six months ended June 30, 2021[35] - The company did not declare any dividends for the six months ended June 30, 2022, compared to a dividend of HKD 0.025 per share for the same period in 2021[93] - The company has not granted, cancelled, or exercised any share options under the share option scheme since its adoption[46] - The company had a weighted average number of shares outstanding of 400,000,000 for both the six months ended June 30, 2022, and June 30, 2021[94] Cash Flow and Financing Activities - The company reported a net cash outflow from operating activities of RMB 12,781 thousand for the six months ended June 30, 2022, compared to RMB 14,310 thousand for the same period in 2021[67] - Cash and cash equivalents decreased from RMB 36,098 thousand at the beginning of the year to RMB 22,058 thousand at the end of June 30, 2022, a decline of approximately 38.9%[67] - The company’s bank borrowings increased to RMB 30,427 thousand in the first half of 2022 from RMB 107,132 thousand in the same period of 2021, indicating a significant decrease in financing activities[67] Foreign Exchange and Risk Management - The company has not implemented any foreign currency hedging policies but closely monitors relevant foreign exchange rates to manage currency risk[29] - The company reported a foreign exchange gain of RMB 1,637,000 for the six months ended June 30, 2022, compared to a loss of RMB (571,000) in the same period of 2021[7] Customer and Revenue Breakdown - Revenue from PHC piles was RMB 73,626,000, down 35.7% from RMB 114,439,000 in the previous year[81] - Revenue from ready-mixed concrete was RMB 71,865,000, a decrease of 26.5% compared to RMB 97,829,000 in the prior year[81] - Major customer A contributed RMB 21,547,000 to revenue, down from RMB 23,642,000 in the previous year[82]

Financial Performance - The total revenue for the year 2021 was RMB 488.372 million, an increase from RMB 431.023 million in 2020, representing a growth of approximately 13.5%[8]. - The gross profit for 2021 was RMB 51.958 million, down from RMB 62.273 million in 2020, indicating a decline of about 16.5%[8]. - The operating profit for 2021 was RMB 3.824 million, significantly lower than RMB 21.755 million in 2020, reflecting a decrease of approximately 82.4%[8]. - The net profit for the year was RMB 1.713 million, compared to RMB 14.585 million in 2020, marking a decline of around 88.3%[8]. - Revenue increased by approximately RMB 57.4 million or about 13.3% to approximately RMB 488.4 million for the year ended December 31, 2021, compared to approximately RMB 431 million for the previous year[21]. - Gross profit decreased by approximately RMB 10.3 million or about 16.5% to approximately RMB 52 million, with a gross profit margin dropping from approximately 14.4% to about 10.6% due to rising raw material and energy costs[22]. - Net profit decreased by approximately RMB 12.9 million or about 88.4% to approximately RMB 1.7 million for the year ended December 31, 2021[25]. - The total comprehensive income for the year attributable to owners of the company was RMB 2,624 thousand, a significant decrease from RMB 16,562 thousand in the previous year[200]. Assets and Liabilities - Non-current assets increased to RMB 141.683 million in 2021 from RMB 121.438 million in 2020, showing a growth of about 16.5%[9]. - Current assets rose to RMB 296.023 million in 2021, up from RMB 236.450 million in 2020, representing an increase of approximately 25.2%[9]. - Total assets reached RMB 437.706 million in 2021, compared to RMB 357.888 million in 2020, indicating a growth of about 22.3%[9]. - Total liabilities amounted to RMB 217.535 million in 2021, an increase from RMB 132.104 million in 2020, reflecting a growth of approximately 64.6%[9]. - Cash and bank balances were approximately RMB 36.1 million as of December 31, 2021, down from approximately RMB 64.6 million the previous year[29]. - Total borrowings increased to approximately RMB 54.2 million as of December 31, 2021, compared to approximately RMB 29.5 million the previous year, resulting in a debt-to-equity ratio of 1.0[29]. - Current ratio decreased to 1.4 as of December 31, 2021, down from 1.8 the previous year, with net current assets of approximately RMB 81.8 million[29]. Business Strategy and Operations - The company launched a new product, lightweight expanded clay aggregate concrete panels, in August 2021, aimed at diversifying its product offerings and expanding its customer base[12]. - The company plans to focus on product diversification to mitigate risks associated with the uncertain business environment[12]. - The company plans to explore suitable business and investment opportunities to drive growth while enriching its product portfolio[36]. - The overall outlook for the construction industry and business environment is expected to remain challenging, prompting the company to maintain prudent financial management and cost control[36]. Corporate Governance - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[145]. - The company has adopted a board diversity policy, considering various aspects such as gender, age, and professional experience[147]. - The audit committee consists of three independent non-executive directors, ensuring oversight of specific functions[158]. - The company has established three committees to oversee specific functions and has reviewed its corporate governance policies and practices[158]. - The company has implemented measures to ensure compliance with legal and regulatory requirements[158]. Shareholder Information - The company has adopted a dividend policy, considering factors such as operating and financial performance, cash flow, and future business prospects when deciding on dividends[53]. - The interim dividend for the six months ended June 30, 2021, was HKD 0.025 per share, compared to zero in 2020[54]. - The board does not recommend a final dividend for the year ended December 31, 2021, consistent with the previous year[55]. - As of December 31, 2021, the company had issued 400,000,000 shares, with Wang Xianyu holding 59.85% and Wang Liangyou holding 2.56% of the shares[82]. Risk Management - The group identified several key risks affecting its financial condition and operational performance, including market risk, business risk, interest rate risk, and liquidity risk[57][58][59][60][64]. - The group has not engaged in any hedging activities as of December 31, 2021, to manage interest rate risk[60]. - The group has no foreign currency hedging policy but closely monitors relevant foreign exchange rates to manage currency risk[62][63]. - The group maintains sufficient cash and cash equivalents to mitigate liquidity risk and ensure operational funding[64]. - The group faces risks related to attracting and retaining skilled personnel, which are critical for achieving business objectives[67]. - The group’s operations are highly dependent on the performance of the Chinese property market, which poses a significant business risk[59]. Compliance and Audit - The audit committee reviewed the financial statements for the year ending December 31, 2021, ensuring compliance with applicable financial reporting standards[137]. - The consolidated financial statements for the year ending December 31, 2021, were audited by PwC, who will be proposed for reappointment at the upcoming annual general meeting[138]. - The independent auditor's report confirmed that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2021[182]. - The independent auditor found no significant misstatements in the other information provided in the annual report[190]. Employee Relations - The company has established a close and caring relationship with employees, providing competitive compensation and development opportunities[73]. - The company is committed to providing a fair and safe working environment for employees, promoting diversity and offering training resources[73]. - The company has a training program for directors, ensuring continuous professional development[154]. Related Party Transactions - The company has complied with the disclosure requirements regarding related party transactions as per the Listing Rules[131]. - The company’s independent non-executive directors have reviewed the related party transactions and confirmed they were conducted in the ordinary course of business and on fair terms[125].

Financial Performance - The company's revenue increased by approximately RMB 35.3 million or 19.9% to about RMB 212.3 million for the period, compared to approximately RMB 177 million in the corresponding period[10] - Gross profit decreased by approximately RMB 1.9 million or 7.2% to about RMB 24.6 million, with a gross margin decline from approximately 15.0% to about 11.6% due to rising raw material costs[11] - Profit for the period increased by approximately RMB 100,000 or 1.5% to about RMB 6.8 million, compared to approximately RMB 6.7 million in the corresponding period[14] - Revenue for the six months ended June 30, 2021, was RMB 212,268 thousand, an increase from RMB 177,014 thousand in the same period of 2020, representing a growth of 19.9%[62] - Gross profit for the same period was RMB 24,563 thousand, down from RMB 26,540 thousand in 2020, indicating a decrease of 7.4%[62] - Operating profit was RMB 9,266 thousand, slightly down from RMB 9,356 thousand in the previous year, reflecting a decrease of 1.0%[62] - Net profit for the period was RMB 6,760 thousand, compared to RMB 6,717 thousand in 2020, showing a marginal increase of 0.6%[62] Expenses and Costs - Sales and marketing expenses increased by approximately RMB 600,000 or 60% to about RMB 1.6 million during the period[12] - Administrative expenses rose by approximately RMB 1.1 million or 6.9% to about RMB 17.1 million, reflecting a recovery in business activities compared to the corresponding period[13] - Total operating expenses for the six months ended June 30, 2021, were RMB 205,393,000, an increase of 22.0% from RMB 168,352,000 in the same period of 2020[95] Financing and Borrowings - Bank borrowings increased by approximately RMB 8.7 million to about RMB 38.2 million as of June 30, 2021, primarily due to increased external financing during the period[15] - The company's borrowings as of June 30, 2021, were approximately RMB 38.2 million, an increase from RMB 29.5 million as of December 31, 2020[24] - The debt-to-equity ratio as of June 30, 2021, was 0.5 times, compared to 0.6 times as of December 31, 2020[24] - The current ratio as of June 30, 2021, was 1.8 times, consistent with the ratio as of December 31, 2020[24] Cash Flow and Liquidity - The net cash used in operating activities for the six months ended June 30, 2021, was RMB (14,310) thousand, compared to RMB 8,490 thousand for the same period in 2020, indicating a significant decline in cash flow from operations[75] - The net cash used in investing activities was RMB (19,943) thousand for the first half of 2021, compared to RMB (18,836) thousand in the same period of 2020, reflecting increased investment outflows[75] - Financing activities generated a net cash inflow of RMB 8,345 thousand in the first half of 2021, a recovery from a net cash outflow of RMB (21,540) thousand in the same period of 2020[75] - The cash and cash equivalents decreased by RMB 25,908 thousand during the first half of 2021, compared to a decrease of RMB 31,886 thousand in the same period of 2020[75] - The company’s cash and cash equivalents as of June 30, 2021, were RMB 38,983 thousand, down from RMB 64,569 thousand at the beginning of the year[75] Market and Business Outlook - The company aims to expand its market share and customer base by leveraging its expertise in building materials and maintaining a focus on product quality and environmentally friendly production processes[16] - The company maintains a cautiously optimistic outlook for long-term business prospects while adapting to challenges posed by the COVID-19 pandemic[16] - The construction industry in Jiangsu Province is gradually recovering to pre-COVID levels, supporting the company's operations[8] Employee and Health Measures - As of June 30, 2021, the company employed approximately 47 full-time employees and 188 outsourced workers, an increase from 41 full-time employees and 167 outsourced workers as of December 31, 2020[20] - Over 95% of the company's employees have been vaccinated against COVID-19 as of the report date[23] - The company has implemented various preventive measures against COVID-19, including temperature checks and regular disinfection of workplaces[22] Shareholder and Dividend Information - The company declared an interim dividend of HKD 0.025 per share, totaling HKD 10,000,000, to be distributed on or around November 10, 2021[37] - The company's issued share capital as of June 30, 2021, was 400,000,000 shares[41] - Major shareholders included Apax Investment, holding 239,400,000 shares, representing 59.85% of the issued share capital[44] Related Party Transactions and Investments - The company completed a related party transaction involving the purchase of a property in Hong Kong for HKD 9,500,000 on April 8, 2021[32] - The company had no major investments, acquisitions, or disposals during the reporting period, aside from the aforementioned transaction[33] Accounting and Governance - The company is currently evaluating the impact of new or revised accounting standards on its performance and financial position, but has not yet determined if there will be a significant effect[1] - The company continues to enhance its corporate governance practices in line with the corporate governance code[52] Other Financial Metrics - The company reported a comprehensive income of RMB 7,082 thousand for the six months ended June 30, 2021, compared to RMB 7,176 thousand for the same period in 2020, showing a slight decrease[71] - The retained earnings increased to RMB 81,124 thousand as of June 30, 2021, from RMB 75,420 thousand as of January 1, 2021, marking an increase of approximately 7.3%[71] - The company’s total comprehensive income for the six months ended June 30, 2021, included a profit of RMB 6,760 thousand, which is a positive contribution to the overall equity[71]

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） 年 報 2020 目錄 公司資料2 財務摘要4 主席報告6 管理層討論及分析8 董事及高級管理層履歷 12 董事會報告 16 企業管治報告 39 獨立核數師報告 53 綜合全面收益表 58 綜合資產負債表 59 綜合權益變動表 61 綜合現金流量表 63 財務報表附註 64 公司資料 董事 執行董事 王嫻俞女士（主席） 王朝緯先生 蔣銀娟女士 聯席公司秘書 陳小燕女士 黃秀萍女士 授權代表 王嫻俞女士 非執行董事 黃秀萍女士 王良友先生 開曼群島註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 獨立非執行董事 黃小燕女士 黎振宇先生 崔玉舒先生 審核委員會 黎振宇先生（主席） 中國主要營業地點 黃小燕女士 崔玉舒先生 中國 江蘇省 薪酬委員會 南通 黃小燕女士（主席） 啟東市 王嫻俞女士 王鮑鎮 崔玉舒先生 苑北村 提名委員會 ...