Financing Solutions - The company provided financing solutions to clients in agriculture, small and micro enterprises, and online retailers, focusing on short-term financing needs[4] - In 2023, the company issued loans totaling RMB 3,085.36 million, with interest income of RMB 236.17 million and a net profit of RMB 96.64 million, maintaining stable operational performance[182] - Approximately 76.6% of the company's loan agreements as of December 31, 2023, had a maximum loan amount of RMB 1 million, indicating a focus on small and micro enterprises[189] Corporate Governance - The company has fully complied with the corporate governance code throughout the year ending December 31, 2023[40] - The company’s board consists of four executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[40] - The supervisory board has been monitoring the legality and reasonableness of the company's operations and management, confirming compliance with applicable laws and regulations[36] - The company has established a three-year term for all independent non-executive directors to provide independent and objective opinions to the board[47] - The audit committee consists of three independent non-executive directors, ensuring appropriate professional qualifications and experience[49] - The board has reviewed its corporate governance policies and practices, including compliance with legal and regulatory requirements[112] - The independent non-executive directors have confirmed their independence in accordance with the listing rules[134] Risk Management - The company’s major risks and uncertainties were discussed, emphasizing the importance of strict loan approval systems and daily tracking management[5][8] - The company has established a sound risk management and internal control system to effectively manage operational risks[68] - The board has reviewed the effectiveness of the risk management and internal control systems, which are deemed effective and adequate as of December 31, 2023[123] - The company has established comprehensive policies and procedures for operational, financial, and risk management to ensure asset protection and reliable financial reporting[96] Financial Performance - The company's total assets as of December 31, 2023, were RMB 2,657.32 million, while total liabilities were RMB 654.60 million, resulting in total equity of RMB 2,002.71 million[196] - Total liabilities decreased from RMB 826.12 million in 2022 to RMB 654.60 million in 2023, indicating improved financial stability[196] - Interest income decreased from RMB 250.46 million in 2022 to RMB 236.17 million in 2023, reflecting a decline in revenue[196] Green Development - The company actively explores green loan models, issuing loans to green industries such as ecological agriculture and renewable energy[4] - The company plans to continue its green development strategy and aims to become a leading local financial organization in sustainable finance[183] - The company was recognized as an outstanding unit in the construction of the National Green Finance Reform and Innovation Pilot Zone in Huzhou in March 2023[181] - As of December 31, 2023, the company's green loan balance reached approximately RMB 681 million, accounting for about 25.2% of the total loan balance, an increase of approximately 5 percentage points compared to the previous year[198] - The company has successfully established an Environmental and Social Management System (ESMS) to assess and manage clients' environmental and social risks[198] - The company is actively transforming towards a green and sustainable development model, strengthening its green credit business based on inclusive finance[198] Shareholder Information - The company plans to present a resolution at the annual general meeting to reappoint KPMG as its auditor[15] - The company has maintained the required public float under the listing rules as of December 31, 2023[126] - The board has proposed a final dividend of RMB 0.02 per share for the year ending December 31, 2023[148] - Non-resident individual shareholders will not have personal income tax withheld on dividends distributed by the company, as approved by the Zhejiang Provincial Department of Commerce[149] - The company is required to withhold corporate income tax at a rate of 10% on dividends distributed to non-resident corporate shareholders[158] Internal Controls and Compliance - The company has established a rigorous internal structure to prevent misuse of insider information and avoid conflicts of interest[123] - The company has a robust internal audit function to analyze and independently assess the adequacy and effectiveness of its systems[123] - All directors confirmed compliance with the relevant standards of the code of conduct for securities trading during the fiscal year[121] - The company has not entered into any significant contracts with the controlling shareholder or its subsidiaries during the reporting period[56] - The company has not entered into any stock-linked agreements during the year ending December 31, 2023[129] - There were no management contracts established for the overall or any significant part of the company's business during the fiscal year ending December 31, 2023[102] Remuneration and Compensation - The remuneration policy aims to maintain a fair and competitive compensation scheme based on market levels and the performance of the group[50] - The remuneration range for senior management includes one individual earning between RMB 250,001 and RMB 500,000[51] - The company maintained appropriate liability insurance for directors and senior officers throughout the fiscal year[98] Board Meetings and Attendance - The company held a shareholders' meeting on June 29, 2023, with full attendance from all directors[114] - The board has delegated daily operational responsibilities to the executive directors while regularly reviewing the appropriateness of this delegation[73] - The board consists of experienced members, with the chairman and CEO being in their positions since April 28, 2014[133]

Financial Performance - For the year ended December 31, 2023, the company reported interest income of RMB 236,165,000, a decrease of 5.2% from RMB 250,458,000 in 2022[4] - Net interest income for the same period was RMB 187,149,000, down 5.6% from RMB 198,335,000 in the previous year[4] - The company recorded a total profit and comprehensive income of RMB 96,636,000, slightly down from RMB 96,696,000 in 2022, representing a decrease of 0.06%[4] - Basic and diluted earnings per share remained stable at RMB 0.08 for both 2023 and 2022[4] - The total other net income for 2023 was a loss of RMB 12,677,000, compared to a gain of RMB 9,930,000 in 2022, reflecting a significant decline[85] - The company reported a government subsidy of RMB 24,100,000 in 2022, which was not present in 2023, indicating a loss of this income source[85] - The company’s total comprehensive income for the year rose to RMB 10,666,000 in 2023 from RMB 7,817,000 in 2022, an increase of approximately 36.5%[123] Assets and Liabilities - Total assets decreased to RMB 2,657,317,000 in 2023 from RMB 2,787,638,000 in 2022, reflecting a decline of 4.7%[5] - Total liabilities decreased significantly to RMB 654,603,000 in 2023 from RMB 826,116,000 in 2022, a reduction of 20.8%[5] - The company's net assets increased to RMB 2,002,714,000 in 2023, up from RMB 1,961,522,000 in 2022, indicating a growth of 2.1%[5] - The total liabilities as of December 31, 2023, were RMB 666,232 thousand, a decrease from RMB 841,877 thousand as of December 31, 2022[161] - The net assets decreased to RMB 1,305,312 thousand in 2023 from RMB 1,364,597 thousand in 2022, reflecting a decline of approximately 4.3%[25] Cash Flow - Operating cash flow for the year ended December 31, 2023, was RMB 330,362 thousand, a significant increase from RMB 38,508 thousand in 2022, resulting in a net cash inflow from operating activities of RMB 284,948 thousand compared to a net outflow of RMB 5,463 thousand in the previous year[8] - Cash generated from investment activities was RMB 96 thousand, recovering from a cash outflow of RMB 26 thousand in 2022, with proceeds from the sale of fixed assets amounting to RMB 124 thousand[8] - The total cash and cash equivalents increased by RMB 1,003 thousand, ending the year at RMB 17,478 thousand, compared to RMB 16,595 thousand at the beginning of the year[8] - Cash and cash equivalents rose to RMB 17,478,000 in 2023 from RMB 16,595,000 in 2022, an increase of 5.3%[5] - The company reported a significant increase in operating cash flow, indicating improved operational efficiency and profitability[8] Dividends and Shareholder Returns - The company has maintained a stable dividend policy, with past dividends approved amounting to RMB 47,200,000 for the year[6] - The company paid dividends to equity shareholders amounting to RMB 47,200 thousand, a decrease from RMB 59,000 thousand in 2022[8] - A cash dividend of RMB 0.04 per share was approved, totaling RMB 47.2 million, for the fiscal year ending December 31, 2023[138] Credit Risk and Loan Management - The company has established mechanisms to cover credit risks in its micro-lending business, including pre-loan assessments and post-loan monitoring[151] - The company’s credit risk management includes classifying loans into categories based on risk levels, such as normal, watch, substandard, doubtful, and loss[151] - The expected credit loss for loans without credit impairment was RMB 2,468,646 thousand for 2023, down from RMB 2,638,388 thousand in 2022, a decline of about 6.4%[113][114] - The expected credit loss for loans with credit impairment totaled RMB 124,485 thousand as of December 31, 2023, compared to RMB 134,342 thousand in 2022, a decrease of approximately 7.3%[113][114] - The impairment losses for loans and advances to customers were RMB 9,500,000 in 2023, a significant recovery from a loss of RMB 22,254,000 in 2022[85] Accounting Policies and Compliance - The company did not recognize any significant impact from the adoption of new accounting standards during the current reporting period[12] - The company has maintained compliance with all applicable Hong Kong Financial Reporting Standards, ensuring transparency and accuracy in financial reporting[9] - The company has not applied any new standards or interpretations that are not yet effective, ensuring consistency in accounting practices[12] - The company is actively reviewing its accounting policies and estimates, particularly regarding impairment of financial assets and long-term assets, to ensure accurate financial reporting[183][184] Market Position and Strategy - The company plans to continue focusing on micro-finance services and exploring new market opportunities to enhance growth[3] - The company maintained its status as the largest licensed micro-lending company in Zhejiang province based on registered capital as of December 31, 2023[199] - The company is actively exploring green lending models, focusing on ecological agriculture, new energy development, and other green industries[199] Employee and Management Compensation - Employee costs totaled RMB 17,641,000 in 2023, down from RMB 19,349,000 in 2022, which is a reduction of approximately 8.8%[86] - The total remuneration for the five highest-paid individuals was RMB 521,000 in 2023, up from RMB 508,000 in 2022, an increase of approximately 2.6%[92] - The total remuneration for key management personnel was RMB 3,330 thousand in 2023, up from RMB 3,260 thousand in 2022[177] Loans and Advances - As of December 31, 2023, total loans and advances to customers amounted to RMB 2,720,846 thousand, a decrease from RMB 2,863,756 thousand in 2022, reflecting a reduction of approximately 5%[103] - The net amount of loans and advances to customers after impairment losses was RMB 2,522,351 thousand in 2023, down from RMB 2,654,305 thousand in 2022, indicating a decline of about 5%[103] - The total overdue loans as of December 31, 2023, reached RMB 124,812 thousand, compared to RMB 133,586 thousand in 2022, showing a decrease of approximately 6.5%[107] - The total amount of loans issued by the company reached approximately RMB 30.7 billion as of December 31, 2023, down from RMB 33.9 billion in 2022, a decrease of about 8.9%[197] Taxation - Current tax expenses include estimated taxes payable or receivable for the current year and adjustments for prior years[62] - The income tax expense for the year was RMB 34,455,000, down from RMB 35,899,000 in 2022, representing a decrease of about 4.0%[87] - The deferred tax assets increased to RMB 61,671 million as of December 31, 2023, up from RMB 58,814 million in 2022, marking a rise of 3.0%[135]

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，並表明不會就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。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited)* （於中華人民共和國註冊成立的股份有限公司） （股份代號：6866） 截至二零二三年九月三十日止九個月 未經審核綜合業績 佐力科創小額貸款股份有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈，本公司 及其附屬公司（「本集團」）截至二零二三年九月三十日止九個月根據香港財務報告準則編製 的未經審核業績以及同期比較數據。本公告乃根據香港聯合交易所有限公司（「聯交所」）證 券上市規則第13.09(2)(a)條及內幕消息條文（定義見聯交所證券上市規則）作出。 ...

Financial Performance - For the six months ended June 30, 2023, interest income was RMB 122,463,000, slightly up from RMB 121,412,000 in the same period of 2022[16] - Net interest income for the same period was RMB 97,206,000, compared to RMB 97,944,000 in 2022, indicating a decrease of approximately 0.75%[16] - The total profit and comprehensive income for the period was RMB 58,753,000, an increase from RMB 57,804,000 in the previous year, representing a growth of about 1.64%[16] - Basic and diluted earnings per share remained stable at RMB 0.05 for both 2023 and 2022[16] - The company’s net interest income for the six months ended June 30, 2023, was RMB 97.2 million, slightly down from RMB 97.9 million for the same period in 2022[120] - The total profit and comprehensive income for the six months ended June 30, 2023, was RMB 58.8 million, compared to RMB 57.8 million for the same period in 2022[121] Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 2,691,985 thousand, a decrease of 3.43% from RMB 2,787,638 thousand as of December 31, 2022[20] - Total liabilities decreased to RMB 727,154 thousand, down 12% from RMB 826,116 thousand at the end of 2022[20] - The company’s interest-bearing borrowings decreased to RMB 641,540 thousand, down 15.6% from RMB 759,932 thousand[20] - The company maintained a stable capital base with total equity remaining consistent at RMB 1,964,831 thousand as of June 30, 2023[20] - The leverage ratio as of June 30, 2023, was 2.22, down from 2.41 as of December 31, 2022, indicating improved capital efficiency[130] - The company's asset-liability ratio decreased to 27.5% as of June 30, 2023, from 39.2% as of December 31, 2022, due to a reduction in interest-bearing borrowings and an increase in cash and cash equivalents[190] Cash Flow and Liquidity - Net cash generated from operating activities for the six months ended June 30, 2023, was RMB 265.9 million, reflecting a pre-tax profit of RMB 79.6 million[146] - The net cash used in financing activities was RMB 166.5 million, primarily for interest payments on borrowings of RMB 306.8 million and lease payments of RMB 1.5 million[147] - Total cash and cash equivalents increased from RMB 16.6 million on December 31, 2022, to RMB 116.0 million on June 30, 2023[147] - The company plans to monitor cash flow and maintain optimal liquidity levels to support operational capital needs and business expansion[144] Loan Portfolio and Credit Quality - As of June 30, 2023, the total loans and advances to customers, net of impairment losses, amounted to RMB 2,462,603,000[56] - The total overdue loans exceeding one year reached RMB 74,679,000, contributing to a total overdue amount of RMB 117,995,000[52] - The expected credit loss for the entire duration as of June 30, 2023, was RMB 183,607 thousand, compared to RMB 209,451 thousand at the end of 2022, indicating a reduction of 12.3%[47] - The impairment loss provision decreased from RMB 209,451,000 to RMB 183,607,000, indicating improved asset quality[63] - The overdue loan balance as of June 30, 2023, was RMB 118.0 million, representing 4.5% of the total loan balance, compared to 4.7% as of December 31, 2022[115] - The company’s cash management strategy includes retaining sufficient cash for operational needs and using excess cash for customer loans[167] Strategic Initiatives and Market Position - The company has been recognized as the first green micro-lending company in Huzhou, having passed the pilot acceptance in May 2023[7] - The company is actively exploring sustainable green credit pathways and has developed new loan products to enhance market penetration and competitive advantage[5] - Collaborations with DEG and GCPF have been established to bring international green loan concepts and technical support to the company[6] - The company plans to continue expanding its market presence through strategic acquisitions and increasing its stake in existing subsidiaries[67] - The company is actively exploring opportunities for market expansion and innovation in financial services, particularly in green finance[94] - The company has positioned itself to benefit from the national policy encouraging support for small and micro enterprises, which has led to a decrease in average loan interest rates across the industry[97] Employee and Operational Metrics - The company employed approximately 95 employees as of June 30, 2023, compared to 94 employees as of December 31, 2022[181] - The company's administrative expenses decreased from RMB 26.9 million for the six months ended June 30, 2022, to RMB 26.5 million for the same period in 2023[120] - The company reported a decrease in employee costs payable to RMB 2,787,000 as of June 30, 2023, down from RMB 5,375,000 as of December 31, 2022[175] Regulatory and Compliance - The company has no significant impact from the new accounting standards related to insurance contracts, as it does not engage in such contracts[24] - The company had no off-balance-sheet arrangements as of June 30, 2023[195] - There were no significant investments made by the company during the six months ended June 30, 2023[182] - The company did not acquire or sell any subsidiaries, associates, or joint ventures during the six months ended June 30, 2023[183]

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，並明確表示概不就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之任何損失 承擔任何責任。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited*) （於中華人民共和國註冊成立的股份有限公司） （股份代號：6866） 截至二零二三年六月三十日止六個月 中期業績公告 佐力科創小額貸款股份有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈，本公司 及其附屬公司（「本集團」）截至二零二三年六月三十日止六個月根據香港會計師公會頒佈之 香港財務報告準則編製的未經審核業績（「中期業績」）以及同期比較數據。董事會及本公司 審計委員會（「審計委員會」）已審閱並確認中期業績。 ...

Green Financing Initiatives - As of December 31, 2022, the company's green loan balance reached approximately RMB 569 million, accounting for about 20.8% of the total loan balance[17]. - The company has established stable partnerships with international investors, including GCPF and DEG, to enhance its green financing initiatives[17]. - The company is actively exploring the potential of green business and expanding its green loan market[17]. - The company has implemented a sustainable development strategy focusing on "Inclusive + Green" financing[17]. - The company is collaborating with IPC and PRA on multiple technical guidance projects to improve its green loan assessment and management systems[17]. - The company aims to leverage opportunities in green finance and deepen the implementation of green micro-loan pilot projects in 2023[30]. - The company is the first and only green micro-loan company pilot unit in Huzhou, benefiting from favorable local economic and ecological conditions[32]. - The company is actively exploring green loan models, focusing on sectors such as ecological agriculture and renewable energy[1]. - The company plans to integrate international green finance concepts with local market development to enhance its service offerings[30]. - The company is positioned to contribute to high-quality economic development in its region through its green finance initiatives[30]. - The company has established partnerships with DEG and GCPF to leverage international leading green loan concepts and technical support, aiming to develop more green loan products[179]. - The implementation of the "Green Microloan Company Construction and Evaluation Standards" in June 2020 is expected to deepen the exploration of potential green microloan clients[177]. - The company aims to better serve the agricultural sector and low-carbon small and micro enterprises, further increasing its market share[177]. Financial Performance - In 2022, the company issued loans totaling RMB 3,295.10 million, with interest income of RMB 250.46 million and a net profit of RMB 96.70 million, maintaining stable operational performance[29]. - The total amount of loans and advances provided to customers as of December 31, 2022, was RMB 2,863.76 million, an increase from RMB 2,687.16 million in the previous year[43]. - The company reported a non-performing loan ratio of 4.7% as of December 31, 2022, compared to 4.6% in the previous year[43]. - The company’s loan issuance strategy includes a significant focus on guarantee loans, which accounted for 97.9% of total loans as of December 31, 2022[39]. - The company’s impaired loan coverage ratio was 156% as of December 31, 2022, slightly down from 160% in the previous year[43]. - The number of loans issued to customers totaled 1,898 in 2022, a decrease from 1,972 in 2021[36]. - Interest income for 2022 was RMB 250,458 thousand, a decrease of 7.1% from RMB 269,629 thousand in 2021[1]. - The total profit attributable to equity shareholders for 2022 was RMB 136,968 thousand, up from RMB 131,587 thousand in 2021, representing a growth of 2.9%[1]. - The total assets as of December 31, 2022, were RMB 2,787,638 thousand, an increase of 5.2% from RMB 2,651,212 thousand in 2021[1]. - The total liabilities increased to RMB 826,116 thousand in 2022 from RMB 722,586 thousand in 2021, marking a rise of 14.4%[1]. - The total loan balance (excluding accrued interest) rose to RMB 2,840,822 thousand in 2022 from RMB 2,655,690 thousand in 2021, reflecting an increase of 6.9%[1]. - The average interest rate on loans decreased from 9.9% in 2021 to 9.0% in 2022, attributed to a higher proportion of green loans with lower rates[1]. - The overdue loans totaled RMB 133,586 thousand in 2022, compared to RMB 122,990 thousand in 2021, showing an increase of 8.6%[1]. - The total annual profit and comprehensive income for 2022 was RMB 96.7 million, down from RMB 127.7 million in 2021, representing a decline of about 24.3%[88]. - The net cash used in operating activities for 2022 was RMB 5.5 million, reflecting a pre-tax profit of RMB 132.6 million after adjustments for non-cash and non-operating items[109]. - The total amount of loans and advances to customers increased from RMB 2,687.2 million in 2021 to RMB 2,863.8 million in 2022, an increase of approximately 6.5%[113]. - The overdue loans as of December 31, 2022, amounted to RMB 133.6 million, representing about 4.7% of the total loans and advances, compared to RMB 123.0 million or 4.6% in 2021[99]. - Cash and cash equivalents decreased significantly from RMB 42.7 million in 2021 to RMB 16.6 million in 2022, a decline of approximately 61%[110]. - The company’s total loans and advances to customers net of impairment losses increased from RMB 2,489.5 million in 2021 to RMB 2,654.3 million in 2022, an increase of about 6.6%[113]. Risk Management and Governance - The company aims to integrate ESG factors into its loan decision-making process to enhance risk identification and management[17]. - The company has integrated ESG factors into its comprehensive risk management system to enhance non-financial risk control effectiveness[160]. - The company has maintained compliance with corporate governance codes regarding risk management and internal controls[159]. - The company has established a credit review committee responsible for assessing credit status for loans exceeding RMB 1 million[169]. - The company has a diverse board policy aimed at enhancing board effectiveness and corporate governance standards[154]. - The company’s independent non-executive director has extensive experience in finance, auditing, and accounting, contributing to the board's expertise[167]. - The board of directors held eight meetings during the year, with attendance records documented[172]. - The company continues to monitor foreign exchange exposure primarily from bank deposits and overseas borrowings denominated in euros, taking prudent measures to mitigate currency risk[173]. - The company reported current tax liabilities of RMB 43.0 million for the year ended December 31, 2022, slightly down from RMB 44.4 million in 2021[119]. - The company had no capital commitments as of December 31, 2022, consistent with the previous year[120]. Operational Efficiency - The company has maintained a strong commitment to sustainable practices in its business model[17]. - The company continues to focus on high-quality green development in its operations[17]. - The company has conducted ESG-related training to improve employee awareness and management capabilities regarding ESG risks[160]. - The company’s employee costs accounted for approximately 37.4% and 36.2% of total administrative expenses in 2021 and 2022, respectively, decreasing from RMB 21.6 million to RMB 19.3 million[71]. - Total administrative expenses decreased from RMB 57.7 million in 2021 to RMB 53.4 million in 2022, a reduction of approximately 7.9%[87]. - The total amount of accrued expenses and other payables decreased to RMB 21,280 thousand in 2022 from RMB 28,220 thousand in 2021, a reduction of 24.6%[125]. - The company’s interest and commission expenses for the years ending December 31, 2021, and December 31, 2022, were RMB 51.8 million and RMB 52.1 million, respectively[85]. - The company’s net cash used in investing activities for 2022 was RMB 26,000, primarily for the purchase of fixed assets[94]. - The company plans to maintain optimal liquidity levels to support operational capital needs and business expansion, with no immediate plans for significant external debt financing[90]. - The company’s pledge loans increased to RMB 19,990 thousand in 2022 from RMB 17,064 thousand in 2021, marking a growth of 11.3%[116]. - The company’s interest receivables decreased to RMB 22,934 thousand in 2022 from RMB 31,473 thousand in 2021, a decline of 27.3%[116]. - The company reported an annual audit service fee of RMB 2.10 million for 2022, an increase from RMB 1.95 million in 2021[162].

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，並明確表示概不就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之任何損失 承擔任何責任。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited*) （於中華人民共和國註冊成立之股份有限公司） （股份代號：6866） 二零二二年年度業績公告 佐力科創小額貸款股份有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈，本公司 及其附屬公司（「本集團」）截至二零二二年十二月三十一日止年度根據香港會計師公會頒佈 之香港財務報告準則（「香港財務報告準則」）編製的經審核年度業績（「年度業績」）以及同期 比較數據。董事會及本公司審計委員會（「審計委員會」）已審閱並確認年度業績。 年度業績 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 （除另有註明外，以人民幣（「人民幣」）千元列值） 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 利息收入 250,458 269,629 利息及佣金開支 ...

Financial Performance - For the nine months ended September 30, 2022, interest income was RMB 185,023,000, a decrease of 7.5% from RMB 199,731,000 in the same period of 2021[4] - Net interest income for the same period was RMB 146,756,000, down 10.3% from RMB 163,603,000 year-on-year[5] - The company's profit before tax decreased to RMB 106,465,000, representing a decline of 16.7% compared to RMB 127,801,000 in the previous year[7] - The net profit for the period was RMB 79,656,000, a decrease of 16.7% from RMB 95,607,000 in the same period last year[8] - The company’s tax expense for the period was RMB 26,809,000, a decrease of 16.5% from RMB 32,194,000 in the same period last year[7] Assets and Liabilities - Total assets as of September 30, 2022, were RMB 2,837,444,000, an increase of 7.0% from RMB 2,651,212,000 at the end of 2021[12] - Loans and advances to customers increased to RMB 2,692,379,000, up 8.1% from RMB 2,489,479,000 year-on-year[12] - Cash and cash equivalents decreased to RMB 31,000,000, down 27.4% from RMB 42,678,000 at the end of 2021[12] - Total liabilities increased to RMB 1,944,482,000, up 1.0% from RMB 1,928,626,000 at the end of 2021[12] Expenses - The company reported a decrease in administrative expenses to RMB 37,600,000, down 4.3% from RMB 39,302,000 in the previous year[6]

Financial Performance - The company reported a significant increase in micro-loan disbursements, reaching RMB 500 million in the first half of 2022, representing a 25% growth compared to the same period last year[19]. - The company anticipates a revenue growth of 15% for the full year 2022, driven by increased loan volume and improved operational efficiency[19]. - The company's profit and total comprehensive income for the six months ended June 30, 2021, and June 30, 2022, were RMB 67.0 million and RMB 57.8 million, respectively[54]. - The company reported a net profit of RMB 55,473 thousand for the six months ended June 30, 2022, compared to RMB 58,875 thousand for the same period in 2021, indicating a decrease of 4.1%[119]. - Total profit and comprehensive income for the period was RMB 57,804 thousand, a decline of 13.7% compared to RMB 67,039 thousand in the previous year[108]. - Net interest income decreased to RMB 97,944 thousand for the six months ended June 30, 2022, down from RMB 112,398 thousand for the same period in 2021, a decline of about 12.8%[44]. - Interest income for the six months ended June 30, 2022, was RMB 121,412 thousand, a decrease of 11.5% from RMB 137,475 thousand in the same period of 2021[108]. - The company's weighted average return on equity was 5.9% for the six months ended June 30, 2022, down from 6.5% for the year ended December 31, 2021[79]. Loan Portfolio and Quality - User base expanded to 150,000 active clients, a 30% increase year-over-year, indicating strong demand for micro-financing services[19]. - As of June 30, 2022, the total loan balance (excluding accrued interest) increased from RMB 2,655.7 million to RMB 2,762.5 million[22]. - The total amount of loans and advances provided (excluding accrued interest) reached RMB 2,762.5 million as of June 30, 2022[25]. - The total amount of loans and advances to customers as of June 30, 2022, was RMB 2,786.9 million, compared to RMB 2,687.2 million as of December 31, 2021[66]. - The overdue loans as of June 30, 2022, amounted to RMB 129.4 million, representing 4.6% of the total loans and advances to customers[67]. - The impairment loan ratio remains stable at 4.6% as of June 30, 2022, consistent with December 31, 2021[31]. - The provision for expected credit losses for the entire duration of credit impairment as of June 30, 2022, was RMB 205,958 thousand, compared to RMB 197,684 thousand as of December 31, 2021, indicating an increase of about 4.4%[185]. - The company’s loans and advances to customers increased to RMB 2,580,949 thousand, up from RMB 2,489,479 thousand, reflecting a growth of 3.67%[112]. Operational Developments - New product offerings include tailored loan packages for small and medium enterprises, expected to launch in Q3 2022[19]. - The company plans to expand its operations into two additional provinces by the end of 2022, which is projected to increase its client base by 40%[19]. - The company is exploring strategic partnerships to enhance its market presence in rural areas, targeting a 20% increase in market penetration by the end of 2022[19]. - Research and development efforts are focused on digital loan processing technologies, aiming to reduce approval times by 50%[19]. - A merger with a local fintech firm is under consideration to enhance service offerings and technological capabilities[19]. - The company is actively exploring sustainable green credit pathways and has been recognized as the first pilot green micro-lending company in Huzhou[101]. - Collaborations with DEG and GCPF aim to enhance the company's green loan product offerings and support sustainable financial development[101]. Financial Position and Assets - Total assets increased to RMB 2,775,239 thousand as of June 30, 2022, up from RMB 2,651,212 thousand as of December 31, 2021, representing a growth of 4.68%[112]. - Cash and cash equivalents increased from RMB 42.7 million as of December 31, 2021, to RMB 81.2 million as of June 30, 2022[62]. - The company’s total liabilities to total assets ratio increased to approximately 30.6% from 27.3%, indicating a higher leverage position[112]. - The total interest-bearing borrowings amounted to RMB 712,688 thousand as of June 30, 2022, up from RMB 644,973 thousand as of December 31, 2021[88]. - The company’s intangible assets decreased to RMB 236 thousand from RMB 519 thousand, a decline of 54.5%[112]. - The total accrued expenses and other payables decreased to RMB 17,011 thousand as of June 30, 2022, from RMB 28,220 thousand as of December 31, 2021, primarily due to a reduction in payable VAT[74]. Cost Management and Efficiency - The company has implemented cost-cutting measures that are expected to improve profit margins by 5% in the upcoming quarters[19]. - Administrative expenses decreased from RMB 28.9 million in the six months ended June 30, 2021, to RMB 26.9 million in the six months ended June 30, 2022, primarily due to a reduction in consulting and professional service fees and business development expenses by RMB 0.8 million[50]. - Employee costs accounted for approximately 33.9% and 35.2% of total administrative expenses for the six months ended June 30, 2021, and June 30, 2022, respectively[50]. Market and Regulatory Environment - The management remains optimistic about the macroeconomic environment, citing a favorable regulatory framework for micro-financing in China[19]. - The establishment of the China Microfinance Company Association is expected to enhance the role of microfinance companies in addressing financing issues for private enterprises[100]. - The company continues to monitor foreign exchange exposure primarily related to Euro-denominated deposits and borrowings, taking prudent measures to mitigate currency risks[96].

Financial Performance - The company reported a total revenue of RMB 100 million for the fiscal year, representing a year-over-year increase of 15%[22] - The company projects a revenue growth of 10% for the next fiscal year, aiming to reach RMB 110 million[22] - The company's pre-tax profit for 2021 was RMB 173.16 million, showing a stable performance compared to previous years[23] - The company's annual profit for the year ended December 31, 2021, was RMB 127.7 million, compared to RMB 117.8 million for the year ended December 31, 2020, reflecting a growth of approximately 8.4%[64] - Total profit increased to RMB 173.16 million from RMB 162.07 million, a growth of about 6.7%[182] - Net profit attributable to shareholders rose to RMB 116.49 million from RMB 110.24 million, an increase of approximately 5.1%[182] Client Acquisition and Market Presence - User data indicates that the company has served over 50,000 clients, with a 20% increase in new client acquisitions compared to the previous year[22] - The company is expanding its market presence by entering three new provinces in China, targeting a 25% increase in market share[22] - The company maintained a loan issuance market share of approximately 85.0% in Deqing County, with a total loan issuance of about RMB 39.2 billion among local small loan companies[31] Loan and Asset Management - In 2021, the company issued loans totaling RMB 3,328.83 million, with interest income of RMB 269.63 million and a net profit attributable to shareholders of RMB 116.49 million[26] - As of December 31, 2021, the company's total loan balance (excluding accrued interest) was RMB 2,655.69 million, an increase from RMB 2,557.67 million in 2020[34] - The total amount of loans and advances provided to customers reached RMB 2,687,163 thousand in 2021, up from RMB 2,587,651 thousand in 2020[41] - The total loans outstanding (excluding accrued interest) increased from RMB 2,557.7 million in 2020 to RMB 2,655.7 million in 2021[57] - The total amount of loans and advances to customers with a maturity of less than one year was RMB 2,559.8 million as of December 31, 2021, indicating a focus on short-term lending to mitigate risks[84] Green Initiatives and Social Responsibility - The company has established partnerships with international institutions to support its green business development, enhancing its brand influence and social responsibility[27] - The company is committed to contributing to China's green low-carbon development goals through better service to green loan customers[125] - The company has issued green loans to environmentally friendly projects, including ecological tourism and photovoltaic power generation, promoting regional green economic development[168] - The company has actively participated in social responsibility initiatives, including donating winter clothing to students and providing financial support to low-income families[168] Technological Development and Innovation - New product development includes the launch of a digital lending platform, expected to enhance user experience and operational efficiency[22] - The company has allocated RMB 5 million for research and development in new financial technologies over the next year[22] - The company aims to improve service quality and consumer rights protection through technological advancements[194] - The company is focused on developing green loan products to support sustainable financing initiatives[194] Governance and Management - The board of directors emphasized the importance of environmental, social, and governance (ESG) initiatives in future business strategies[22] - The company has a strong board with members experienced in finance, law, and management, enhancing governance and strategic decision-making[151] - The company emphasizes the importance of enhancing corporate governance to meet shareholder expectations[194] Financial Health and Ratios - The total assets of the company increased from RMB 2,604,379 thousand in 2019 to RMB 2,651,212 thousand in 2021[23] - The debt-to-equity ratio improved from 33.1% in 2020 to 32.3% in 2021, indicating a stronger equity position[103] - The non-performing loan ratio improved slightly from 4.8% in 2020 to 4.6% in 2021, indicating better asset quality[48] - The coverage ratio for provisions increased from 152% in 2020 to 160% in 2021, reflecting a stronger buffer against potential loan losses[48] Employee and Operational Insights - Administrative expenses totaled RMB 57.66 million for the year ended December 31, 2021, an increase from RMB 52.75 million in 2020, with employee costs rising to RMB 21.55 million[62] - Employee turnover rate for contract employees increased to 22.31% from 16.41%[182] - The company plans to enhance employee rights and benefits, including career development and training programs[194] Future Outlook and Strategic Plans - The company aims to enhance its green lending model and expand its market presence in response to regulatory policies and market conditions in 2022[28] - The company is actively pursuing new strategies in financial development and market expansion to drive growth and profitability[155] - The company is considering financing through the Zhejiang Financial Assets Exchange Center platform and may explore overseas financing options, but currently has no concrete plans for significant external debt financing in the short term[118]