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，並明確表示概不會就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 DIFFER GROUP AUTO LIMITED 鼎豐集團汽車有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6878） 二零二三年年報補充公告 本公告乃鼎豐集團汽車有限公司（「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主板證券上市規則（「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部項下內幕消息條文（定義見上市規則）而作出。 謹此提述本公司截至二零二三年十二月三十一日止年度的年報（「二零二三年年 報」）。本公告乃為提供以下二零二三年年報的補充資料而作出，內容有關應收融資 租賃款項、貸款及賬款的客戶多元以及董事報告中擔保服務業務的業務模式之詳 情。 應收融資租賃款項、貸款及賬款 客戶多元 於二零二三年十二月三十一日，本集團擁有約45名客戶，其應收融資租賃款項、貸 款及賬款總額約為人民幣1,009,600,000元。應收五大客戶的融資租賃款項 ...

Financial Performance - The company reported a net loss attributable to shareholders of approximately RMB 2,522,332,000 for the year ended December 31, 2023[3]. - The operating cash outflow for the same period was approximately RMB 771,205,000[5]. - As of December 31, 2023, the company had net current liabilities of approximately RMB 1,005,138,000[5]. Liquidity and Financial Condition - The company faced default events due to late payments of loan principal and interest, leading to immediate repayment demands from lenders[6]. - A bondholder has filed a winding-up petition against the company in the High Court of Hong Kong[6]. - The company is implementing measures to improve liquidity and financial conditions, including debt restructuring proposals[5]. - Continuous communication with lenders is maintained to facilitate the restructuring of existing borrowings[5]. - The company is actively monitoring receivables to ensure timely collection and payment to subcontractors and suppliers[5]. - The ability to continue as a going concern is dependent on the success of the proposed measures and plans[4]. Auditor's Opinion and Going Concern - The independent auditor expressed an inability to form an opinion on the financial statements due to significant uncertainties regarding the company's ability to continue as a going concern[2]. - The audit committee has reviewed uncertainties related to the company's ability to continue as a going concern, primarily due to the lack of sufficient audit evidence regarding the completion of debt arrangements[10]. - The audit committee supports the use of the going concern basis for preparing the financial statements for the year ending December 31, 2023, provided that management takes necessary actions to address uncertainties[10]. Future Plans and Strategies - The group will continue to focus on maintaining property inventory and adopt more aggressive sales strategies to attract buyers, anticipating improved cash flow due to the recovery of China's economy from COVID-19 and government measures to stabilize the real estate market[7]. - The board expects all existing property constructions to be completed by December 31, 2025, with three out of five major development projects already completed, which will generate cash flow from property sales[7]. - The group aims to enhance revenue from property development, financial services, and automotive e-commerce to generate operational cash flow over the next twelve months[7]. - The company is actively seeking additional financing to settle existing financial obligations and future operational expenses, contingent on regulatory conditions and lender agreements[7]. - The board remains optimistic about the successful implementation of debt arrangements and proposed restructuring, with creditor meetings scheduled for August 16, 2024, and court hearings on September 17, 2024[8]. - The completion of the debt arrangement is subject to conditions, including the approval of the stock exchange, and there is a risk that the debt may not be settled, which could affect the company's liquidation risk[11].

Differ Group Auto Limited 鼎豐集團汽車有限公司 股份代號 : 6878 (於開曼群島註冊成立的有限公司 ) Differ Group Auto Limited 鼎豐集團汽車有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 6878 2024 Interim Report 2024 中期報告 鼎豐集團汽車有限公司 二零二四年中期報告 公司資料 | --- | --- | |-----------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------| | | | | 執行董事 | 授權代表 | | 吳志忠先生 （主席兼行政總 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 190.9 million, a decrease of 82.4% compared to RMB 1,083.1 million for the same period in 2023[1] - The loss for the period was RMB 131.6 million, slightly improved from a loss of RMB 137.3 million in the previous year[1] - Revenue from asset management business was RMB 153.1 million, down 84.3% from RMB 958.8 million in the same period last year[2] - Revenue from financial services was RMB 37.8 million, a decrease of 29.5% compared to RMB 53.7 million in the previous year[2] - The company reported a basic and diluted loss per share of RMB 14.2, compared to RMB 18.0 in the previous year[3] - For the six months ended June 30, 2024, the total revenue was RMB 190,919,000, a decrease of 81.4% compared to RMB 1,083,102,000 for the same period in 2023[22][26] - Revenue from property sales for the six months ended June 30, 2024, was RMB 147,917,000, a significant decrease from RMB 953,773,000 in the same period of 2023[21] - The company reported a net loss attributable to shareholders of approximately RMB 131,821,000 for the six months ended June 30, 2024, with current liabilities amounting to approximately RMB 1,064,181,000[15] - The company recorded a loss attributable to owners of the company of approximately RMB 131,800,000, a decrease of about RMB 5,400,000 or 3.9% compared to the previous period's loss of approximately RMB 137,200,000[60] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 4,666.1 million, an increase from RMB 4,458.2 million as of December 31, 2023[5] - Non-current assets were valued at RMB 1,487.7 million, down from RMB 1,544.2 million at the end of 2023[5] - Current liabilities increased to RMB 992.1 million from RMB 967.3 million at the end of 2023[6] - The company's net asset value decreased to RMB 60.8 million from RMB 166.9 million at the end of 2023[6] - The total assets of the group as of June 30, 2024, amounted to RMB 6,153,804,000, an increase from RMB 6,002,417,000 as of December 31, 2023[27] - The total liabilities increased to RMB 6,093,009,000 from 5,835,475,000, reflecting a rise in financial obligations[27] Cash Flow and Financing - For the six months ended June 30, 2024, the company reported a net cash inflow from operating activities of RMB 42,884 thousand, a significant improvement compared to a net outflow of RMB 244,367 thousand in the same period of 2023[10] - The net cash used in investing activities was RMB (2,210) thousand, compared to RMB (74,694) thousand in the previous year, indicating a reduction in cash outflow[10] - The cash and cash equivalents at the end of the period decreased to RMB 30,631 thousand from RMB 95,589 thousand at the beginning of the period[10] - The company raised approximately HKD 13,600,000 (equivalent to RMB 12,200,000) from a placement of 138,888,889 new shares at HKD 0.36 per share, which was a discount of about 34.5% from the market price on the placement date[77] - The net proceeds from the placement are intended for debt repayment (approximately HKD 10,000,000) and general working capital (approximately HKD 3,600,000) for the period from March 2024 to December 2025[77] Debt and Restructuring - The company is undergoing a debt restructuring process, which includes increasing its authorized share capital from HKD 250 million to HKD 2.5 billion to facilitate the issuance of debt arrangement shares[13] - The proposed debt arrangement will allow creditors to have their claims against the company settled through the issuance of debt arrangement shares at a price of HKD 0.0904 per share[13] - The company is facing significant uncertainty regarding its ability to continue as a going concern due to defaults on loans and a winding-up petition filed against it[15] - The company has proposed a debt repayment arrangement and plans to restructure its debts to alleviate liquidity pressure and improve its financial condition[15] Operational Performance - The company is actively monitoring its receivables to ensure timely collection and payment to subcontractors and suppliers[15] - The company expects to complete most of its existing property developments by December 31, 2025, which will generate cash flow from property sales[16] - The company plans to implement various strategies to improve revenue from property development, financial services, and automotive e-commerce over the next twelve months[16] - The company anticipates that the Chinese economy will recover from the impacts of COVID-19, which may enhance its property development business growth and improve cash flow[15] Employee and Governance - The group had 96 employees as of June 30, 2024, down from 197 employees as of December 31, 2023, with employee costs for the six months ending June 30, 2024, amounting to approximately RMB 11,200,000[72] - The group did not recommend the payment of an interim dividend for the six months ending June 30, 2024, compared to no dividend in 2023[71] - The company has complied with the corporate governance code, with minor deviations regarding directors' insurance and the separation of the roles of chairman and CEO[82][83] - The audit committee, consisting of two independent non-executive directors and one non-executive director, reviewed the unaudited consolidated results for the six months ending June 30, 2024[86] Market and Economic Conditions - The company is facing a winding-up petition from creditors and has engaged restructuring advisors to prepare for a restructuring plan[61] - The group continues to monitor cash flow needs and ensure sufficient liquidity to meet operational demands[69] - The group has not established any foreign exchange hedging arrangements, and currency fluctuations are not expected to have a significant impact on financial performance[68]

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 2,251.6 million, a significant increase from RMB 1,007.7 million in 2022, representing a growth of approximately 123.5%[3] - The company reported a net loss of RMB 2,522.4 million for the year, compared to a loss of RMB 180.4 million in the previous year, indicating a substantial increase in losses[3] - Loss per share for the year was RMB 307.46, up from RMB 25.00 in 2022, reflecting a deterioration in financial performance[3] - The company recorded a net loss attributable to shareholders of approximately RMB 2,522,332,000 for the year ended December 31, 2023, compared to a loss of RMB 180,205,000 in 2022[21] - The company reported a pre-tax loss of RMB 2,522,332,000 for the year ended December 31, 2023, compared to a loss of RMB 180,205,000 in 2022, indicating a significant increase in losses[70] Revenue Breakdown - Revenue from asset management business surged to RMB 2,062.9 million, compared to RMB 426.4 million in 2022, marking an increase of approximately 384.5%[6] - Revenue from automotive e-commerce business dropped to RMB 11.6 million from RMB 135.8 million, a decline of about 91.4%[6] - Property sales revenue increased significantly to RMB 2,038,727,000 from RMB 392,380,000, reflecting a growth of approximately 420.5%[43] - Revenue from the automotive e-commerce business significantly decreased from approximately RMB 135,800,000 in 2022 to approximately RMB 11,600,000 in 2023, a decline of approximately RMB 124,200,000 or 91.5%[115] - Revenue from property sales in the asset management business increased by 419.5%, from approximately RMB 392,400,000 in 2022 to approximately RMB 2,038,700,000 in 2023[116] Asset and Liability Changes - Total assets decreased to RMB 4,458.2 million in 2023 from RMB 5,883.7 million in 2022, a decline of approximately 24.2%[9] - Current liabilities increased to RMB 5,463.3 million in 2023 from RMB 5,750.3 million in 2022, indicating a slight decrease of about 5%[11] - The company's equity attributable to owners decreased significantly to RMB 167.2 million in 2023 from RMB 2,525.0 million in 2022, a drop of approximately 93.4%[11] - The total liabilities for the group decreased from RMB 6,289,955,000 in 2022 to RMB 5,835,475,000 in 2023, showing a reduction of about 7.2%[52] Impairment and Losses - The company reported a significant impairment loss of RMB 2,075,891,000 related to financial assets, highlighting challenges in asset management[54] - The company recognized a full impairment of approximately RMB 241,107,000 related to receivables from Jiahe and Dingfeng Digital Group due to low recovery prospects[103] - The total impairment loss provision for receivables, joint venture receivables, and other receivables amounted to approximately RMB 1,223,827,000 as of December 31, 2023[108] - The impairment loss recognized for doubtful loans and receivables amounts to approximately RMB 464,163,000, reflecting a full impairment due to low recovery likelihood[96] Financing and Capital Structure - The company plans to increase its authorized share capital from HKD 250,000,000 (10,000,000,000 shares) to HKD 2,500,000,000 (100,000,000,000 shares) to facilitate the issuance of debt arrangement shares[20] - The first share placement in 2023 raised approximately HKD 197 million, with a net amount of about HKD 190.7 million allocated for debt repayment and general working capital[193] - The second share placement in 2023 raised approximately HKD 20 million, with a net amount of about HKD 19.4 million intended for general working capital and restructuring costs[197] - The capital debt ratio as of December 31, 2023, was 37.5%, significantly up from 16.4% in 2022[190] - The current ratio as of December 31, 2023, was 0.82, down from 1.02 in 2022[190] Operational Challenges and Strategies - The company faced significant operational challenges due to financial difficulties and external factors such as the COVID-19 pandemic and declining consumer income[115] - The company is actively monitoring its receivables to ensure timely collection and payment to subcontractors and suppliers, aiming to alleviate liquidity pressure[24] - The company is seeking additional and alternative financing to meet existing financial obligations and future operating expenses[22] - The group has identified strategic opportunities for mergers and acquisitions to enhance its market position and operational efficiency[50] Regulatory and Accounting Changes - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not significantly impact financial performance or disclosures[27][29] - The impact of the new accounting standards on the group's financial position or performance has been minimal, but it has affected the disclosure of accounting policies[32] - The group is assessing the potential impact of regulatory changes on its financial reporting and compliance strategies[25] Employee and Operational Costs - Employee costs decreased to RMB 39,414,000 in 2023 from RMB 66,629,000 in 2022, a reduction of approximately 41%[62] - The company's total tax expense increased significantly to RMB 173,311,000 in 2023 from RMB 50,552,000 in 2022, reflecting an increase of approximately 243%[64] - The group recorded asset management income of approximately RMB 24,100,000 in 2023, down from RMB 34,000,000 in 2022, primarily from rental and management fees[120] Legal and Recovery Actions - The company has taken legal actions as alternative measures to recover receivables from clients and borrowers who have defaulted[96] - The group has taken legal actions to recover overdue loans, indicating proactive measures to mitigate financial risks[143]

Revenue Performance - Revenue from automotive e-commerce business for the six months ended June 30, 2023, was RMB 11,288,000, a decrease of 89.9% compared to RMB 111,965,000 in the same period of 2022[5] - Revenue from asset management business increased to RMB 958,827,000, up 426.5% from RMB 182,148,000 year-on-year[5] - Total revenue for the six months ended June 30, 2023, was RMB 1,083,102 thousand, a significant increase from RMB 416,275 thousand in the same period of 2022, representing a growth of approximately 160%[34] - Revenue from property development and investment reached RMB 957,851 thousand, compared to RMB 180,237 thousand in the previous year, indicating an increase of about 431%[34] - Financial services revenue decreased slightly to RMB 54,644 thousand from RMB 82,764 thousand, a drop of around 34%[34] - Revenue from the asset management business surged by 446.0%, rising from approximately RMB 174,700,000 to approximately RMB 953,800,000, primarily driven by property sales from projects like Dingfeng Yicheng[75] - Dingfeng Yicheng contributed approximately RMB 868,400,000 in revenue during the first half of 2023, with a total site area of about 145,688 square meters and a total floor area of approximately 558,180 square meters[76] - The company's quick loan service revenue decreased by 26.8%, from approximately RMB 69,000,000 to approximately RMB 50,500,000, due to a reduction in average receivables[78] - Revenue from the financing lease business fell by 21.9%, from approximately RMB 3,200,000 to approximately RMB 2,500,000, as the company adopted a cautious strategy in this area[79] - Other income increased by 71.0%, from approximately RMB 13,100,000 to approximately RMB 22,400,000, mainly due to accrued interest income of approximately RMB 14,000,000[83] Financial Performance - The company reported a net loss of RMB 137,282,000 for the six months ended June 30, 2023, compared to a profit of RMB 80,588,000 in the same period of 2022[5] - Total comprehensive loss for the period was RMB 152,744,000, compared to a total comprehensive income of RMB 85,145,000 in the previous year[7] - Basic and diluted loss per share for the six months ended June 30, 2023, was RMB 1.80, compared to earnings per share of RMB 1.12 in the same period of 2022[7] - The company reported a significant increase in financing costs, which rose to RMB 63,172,000 from RMB 32,017,000 year-on-year[5] - For the six months ended June 30, 2023, the company reported a net loss of RMB 137,213,000, compared to a profit of RMB 80,588,000 for the same period in 2022, representing a decline of 270%[13] - The group reported a loss before tax of RMB 22,996 thousand for the six months ended June 30, 2023, compared to a profit before tax of RMB 111,104 thousand in the same period of 2022[34] - The company recorded a loss attributable to owners of approximately RMB 137,200,000 for the six months ended June 30, 2023, compared to a profit of approximately RMB 80,600,000 for the same period in 2022, a decrease of approximately RMB 217,800,000[88] - The company reported a fair value loss on investment properties of approximately RMB 23,900,000 for the six months ended June 30, 2023, compared to a fair value gain of approximately RMB 44,700,000 in the same period of 2022[87] Asset and Liability Management - Non-current assets as of June 30, 2023, amounted to RMB 2,464,470,000, down from RMB 2,931,101,000 at the end of 2022[10] - Current assets increased to RMB 6,420,740,000 as of June 30, 2023, compared to RMB 5,883,726,000 at the end of 2022[10] - The company's total liabilities were RMB 5,943,620,000, compared to RMB 5,750,298,000 at the end of 2022, indicating a slight increase in leverage[12] - The total assets of the group as of June 30, 2023, amounted to RMB 8,885,210 thousand, a slight decrease from RMB 8,814,827 thousand at the end of 2022[37] - The total liabilities increased to RMB 6,341,300 thousand from RMB 6,289,955 thousand, showing a rise of approximately 0.82%[37] - The company's debt-to-asset ratio as of June 30, 2023, was 24.1%, up from 16.4% as of December 31, 2022[110] - The current ratio as of June 30, 2023, was 1.08, compared to 1.02 as of December 31, 2022[110] - The company has total bank and other borrowings of RMB 1,458,100,000 and bonds payable of RMB 669,400,000, which are due within twelve months, raising concerns about its ability to continue as a going concern[19] Cash Flow and Financing Activities - The company’s cash and cash equivalents increased by RMB 84,093,000, reaching RMB 95,589,000 as of June 30, 2023, compared to RMB 59,528,000 at the end of June 2022[15] - Operating activities used net cash of RMB 244,367,000 for the six months ended June 30, 2023, compared to a net cash inflow of RMB 13,980,000 in the same period of 2022[15] - The company experienced a net cash outflow from investing activities of RMB 74,694,000 for the six months ended June 30, 2023, compared to RMB 60,833,000 in the same period of 2022[15] - The company issued ordinary shares through a placement, raising RMB 171,782,000 during the reporting period[13] - The company successfully placed 1,407,132,000 shares at a price of HKD 0.140 per share, raising a total of HKD 196.998 million (approximately RMB 177.299 million) net of expenses[111] - Approximately HKD 104 million and HKD 84.9 million of the net proceeds from the placement were used for debt repayment and general working capital, respectively[112] Strategic Focus and Future Outlook - The company is focusing on expanding its asset management and financial services segments to drive future growth[4] - The company plans to implement various strategies to improve revenue from property development, financial services, and automotive e-commerce to generate additional operating cash flow[23] - The company anticipates stable revenue growth in 2023, reflecting a cautiously optimistic outlook on the gradual recovery of the real estate market in China[89] - The company will continue to focus on stable operations in asset management and automotive e-commerce, while closely monitoring the rapidly changing real estate market[89] - The company aims to reduce its borrowing and interest burden through proactive communication with creditors[89] - The company is preparing a debt restructuring plan due to significant impacts on the Chinese real estate industry from macroeconomic and geopolitical pressures, with a focus on orderly debt repayment if supported by creditors[89] Employee and Operational Changes - The group had 230 employees, down from 336 employees as of December 31, 2022, with employee costs for the six months amounting to approximately RMB 22.2 million[108] - The group’s employee costs, including directors' remuneration, decreased to RMB 22,176,000 from RMB 31,659,000, a reduction of 30.0% year-on-year[42] - The total remuneration for key management personnel was RMB 2,481,000 for the six months ended June 30, 2023, slightly down from RMB 2,490,000 for the same period in 2022, showing a decrease of about 0.4%[66] - The company has undergone changes in its board of directors, with new appointments made on May 15, 2023[95] Compliance and Governance - The company has complied with the corporate governance code, with minor deviations regarding director insurance and the separation of the roles of chairman and CEO[118][119] - The audit committee reviewed the unaudited consolidated results for the six months ended June 30, 2023, ensuring compliance with applicable accounting standards and regulations[122]

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,並明確表示概不會就本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 DIFFER GROUP AUTO LIMITED 鼎豐集團汽車有限公司 (於開曼群島註冊成立的有限公司) (股份代號:6878) 截至二零二三年六月三十日止六個月 中期業績公告 財務摘要 | --- | |------------------------| | 截至六月三十日止六個月 | | 二零二三年 | 營業額 人民幣1,083,100,000元 人民幣416,300,000元 期內(虧損)╱溢利 (人民幣137,300,000元) 人民幣80,600,000元 本公司擁有人應佔(虧損)╱溢利 (人民幣137,200,000元) 人民幣80,600,000元 每股(虧損)╱盈利 (人民幣1.80分) 人民幣1.12分 每股中期股息 – – 未經審核中期業績 鼎豐集團汽車有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然公布本公司 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 ...

Financial Performance - The company reported total revenue of approximately RMB 1,007,700,000 for the year ended December 31, 2022, a decrease of RMB 252,000,000 compared to the previous year[13]. - The net loss for the year was approximately RMB 180,400,000, marking the first net loss since the company went public in 2013, a decrease of RMB 618,700,000 from the previous year's profit[13]. - The company's revenue decreased from approximately RMB 1,259,700,000 for the year ended December 31, 2021, to approximately RMB 1,007,700,000 for the year ended December 31, 2022, representing a decline of about RMB 252,000,000 or 20.0%[33]. - Revenue from property development and investment decreased by 56.7%, from approximately RMB 905,200,000 in 2021 to approximately RMB 392,400,000 in 2022[35]. - The group reported a loss attributable to equity holders of approximately RMB 180,200,000 for the year ended December 31, 2022, a decrease of approximately RMB 621,000,000 compared to a profit of RMB 440,800,000 in 2021[53]. Revenue Breakdown - Revenue from the automotive e-commerce business reached RMB 135,790,000, a significant increase from RMB 21,490,000 in 2021[8]. - Revenue from asset management business decreased to RMB 426,424,000 from RMB 917,906,000 in the previous year[8]. - Revenue from quick loan services slightly increased by 1.3%, from approximately RMB 159,400,000 in 2021 to RMB 161,500,000 in 2022[37]. - Commodity trading revenue increased significantly to approximately RMB 269,500,000 in 2022 from RMB 121,000,000 in 2021, with related costs and gross profit of approximately RMB 269,300,000 and RMB 200,000 respectively[41]. - Other income rose by 43.3% from approximately RMB 66,600,000 in 2021 to RMB 95,500,000 in 2022, mainly driven by government subsidies and the reversal of impairment losses on financing guarantees[42]. Management and Strategy - The company plans to focus on expanding its automotive e-commerce business while reducing the scale of financial services, asset management, and commodity trading[14]. - The management team has extensive experience in the automotive and financial sectors, with key personnel having over 16 years and 30 years of relevant experience respectively[29][30]. - The management is committed to continuous improvement in operational efficiency and strategic growth initiatives[19][23]. - The company aims to enhance its overall strategy planning, risk management, and legal compliance[21]. - The company plans to leverage its management expertise to drive future business development and investment strategies[18][24]. Market Position and Future Outlook - The company expressed confidence in the business outlook for 2023, contingent on no further COVID-19 outbreaks, due to ongoing digital transformation in the automotive sector and the reopening of the Chinese market[32]. - The company aims to achieve a leading position in the Chinese automotive e-commerce industry in the near term[58]. - The company plans to continue its digital transformation in the automotive business and expedite property construction and delivery as the market reopens[32]. Corporate Governance - The company has adopted good corporate governance principles and is committed to integrating corporate and social responsibility into its business strategy[187]. - The board of directors consists of both executive and non-executive members, with specific terms for service contracts[96]. - The board is responsible for overseeing the management and overall performance of the group, ensuring necessary financial and human resources are in place to achieve goals[200]. - All directors are committed to fulfilling their duties and act in the best interests of the company and its shareholders[200]. Employee and Operational Metrics - Employee benefits expenses increased by 10.7% from approximately RMB 60,200,000 in 2021 to RMB 66,600,000 in 2022, including salaries and other benefits[47]. - The group employed 336 staff as of December 31, 2022, down from 419 in 2021, with total employee costs amounting to approximately RMB 66.6 million[66]. - The company has not established any new customers in the financing leasing service business for the year ending December 31, 2022[125]. Financial Position - The total assets of the company as of December 31, 2022, were RMB 8,814,827,000, an increase from RMB 8,319,847,000 in 2021[10]. - Total liabilities increased to RMB 6,289,955,000 from RMB 5,598,455,000 in the previous year[10]. - The capital debt ratio as of December 31, 2022, was 16.4%, up from 12.8% in 2021[68]. - The company's distributable reserves as of December 31, 2022, amounted to approximately RMB 907 million, a decrease from RMB 1,143.1 million in 2021[89]. Shareholder Information - The group did not recommend a final dividend for the year ended December 31, 2022, compared to a dividend of HKD 0.005 per share in 2021[63][76]. - The board may recommend or declare dividends based on financial performance, cash flow, and future operational needs[86]. - The company has no predetermined dividend payout ratio and will consider various factors before declaring dividends[85]. Risk Management - The company conducts thorough credit risk assessments and background checks for all loan applications[110]. - The management team monitors overall market conditions and reports any significant risks to the executive directors[122]. - The company has implemented a comprehensive risk diversification strategy for its financing lease portfolio[127].

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,並明確表示概不會就本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 DIFFER GROUP AUTO LIMITED 鼎豐集團汽車有限公司 (於開曼群島註冊成立的有限公司) (股份代號:6878) 截至二零二二年十二月三十一日止年度 全年業績公告 財務摘要 | --- | |--------------------------| | 截至十二月三十一日止年度 | | 二零二二年 | 營業額 人民幣1,007,700,000元 人民幣1,259,700,000元 年內(虧損)╱溢利 (人民幣180,400,000元) 人民幣438,300,000元 本公司擁有人應佔(虧損)╱溢利 (人民幣180,200,000元) 人民幣440,800,000元 每股(虧損)╱盈利 (人民幣2.50分) 人民幣6.11分 每股末期股息 – 0.5港仙 1 全年業績 鼎豐集團汽車有限公司(「本公司」)董事(「董事」)會(「董事會」)謹此公布本公司 及其附屬公司(統稱「本集團」)截至二零二二 ...

Financing Leasing Services - The financing leasing service primarily targets small and medium-sized enterprises registered and operating in mainland China, with lease amounts capped at RMB 100 million to control credit risk[4]. - The company charges a service fee of 3.1% to 4.5% based on the loan principal provided by banks to clients for financing guarantees[17]. - The ownership of leased assets is transferred to clients at the end of the lease term upon payment of a nominal price[2]. Risk Management - A comprehensive risk management strategy is in place, including monitoring repayment status and asset values, with a focus on diversifying the leasing portfolio[4]. - Credit risk assessments are conducted for all financing lease applications, involving thorough background checks and due diligence[5]. - The company has implemented strict internal controls to monitor lessees' conditions post-approval, including regular visits and financial statement reviews[10]. - The management team continuously monitors the overall market conditions and specific industry risks to report any significant findings to the executive directors[16]. - The management team continuously monitors the repayment status of clients under financing guarantee arrangements[30]. - The company conducts thorough credit risk assessments and background checks for all clients applying for financing guarantees[24]. Financial Performance - As of December 31, 2021, the total bank financing granted to corporate clients and joint ventures amounted to RMB 255 million and RMB 382.152 million, respectively[22]. - The collateral coverage ratio for corporate clients was 2.3 times, while it was zero for joint ventures[22]. - The default rate for the guarantee service business was zero for the fiscal year ending December 31, 2021[22]. - The maximum individual credit risk exposure limit is set at RMB 240 million[21]. - The company has three corporate clients and three joint ventures with outstanding guarantee amounts ranging from RMB 30 million to RMB 216.152 million[21]. - As of December 31, 2021, the total outstanding receivables from approximately 44 customers amounted to RMB 1,147,134,000[37]. - The financing, loans, and receivables from the top eight customers were RMB 195,317,000 and RMB 794,670,000 respectively[39]. - The loan-to-value ratio for receivables from the top eight customers ranged from 61.3% to 95.2%[39]. - The overall loan-to-value ratio for receivables, excluding finance lease receivables, was 90.6%[39]. - The minimum actual interest rate charged on receivables in 2021 was clarified to be 1.0%[40]. - Six out of the top eight customers renewed their loan agreements as of December 31, 2021[37]. Asset Valuation - The company employs professional valuers annually to assess the value of relevant assets and ensure proper valuation practices[11]. - The company employs professional valuers to assess the valuation of pledged assets annually[28]. Legal and Acquisition Considerations - In the event of a default, the company may initiate legal proceedings to recover pledged assets or seek repayment from guarantors[35]. - The company is considering acquiring shares in a subsidiary of a special borrower, which holds several land parcels[37]. - The special loan provided to the special borrower is secured by equity in the target company[39]. - The company has not yet made a final investment decision regarding the acquisition of the target company[39]. - The company maintains that all other information disclosed in the 2021 annual report remains unchanged[41].