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。 KANGLI INTERNATIONAL HOLDINGS LIMITED 康 利 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6890） 盈利警告 香港，二零二五年八月十一日 於本公告日期，本公司董事會成員包括五名執行董事，爲梅澤鋒先生、劉萍女士、 張志洪先生、陸小玉女士及許潮先生；以及三名獨立非執行董事，爲劉英傑先生、 楊廣先生及曹成先生。 本公告由康利國際控股有限公司 (「本公司」，連同其附屬公司統稱「本集團」) 根據香港聯合交易所有限公司證券上市規則 (「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 部項下的內幕消息條文 (定義見上市規則) 作出。 本公司董事 (「董事」) 會 (「董事會」) 謹此知會本公司股東 (「股東」) 及本公司 潛在投資者，基於就本集團截至二零二五年六月三十日止六個月 (「本期間」) 未 經審核綜合 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 康利國際控股有限公司 (於開曼群島註冊成立的成員有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06890 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.001 HKD | | 5,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.001 HKD | | 5,000,000 | ...

Sales and Revenue Performance - In 2024, the total sales volume of the group's products reached approximately 338,800 tons, an increase of 8,215 tons compared to 2023[8]. - Total revenue from steel products was approximately RMB 1,938,246,000, an increase of about RMB 14,041,000 from 2023[8]. - For the year ended December 31, 2024, the company achieved revenue of approximately RMB 1,944,411,000, an increase of about RMB 16,011,000 or 0.8% compared to the same period in 2023[19]. - Total sales volume for various products reached 338,800 tons, an increase of approximately 8,215 tons or 2.5% from 330,585 tons in 2023[19]. - The sales volume of cold-rolled products increased by 38.8% to approximately 35,900 tons, contributing to a revenue increase of about 30.5% despite a decline in average selling price[20]. Profitability and Margins - The gross profit margin improved from 9.3% in 2023 to 11.0% in 2024, despite a 1.6% decrease in overall sales price[8]. - Gross profit for the year was approximately RMB 213,725,000, with a gross margin increase from 9.3% in 2023 to 11.0% in 2024[21]. - Net profit for the year rose to approximately RMB 92,703,000, reflecting a net profit margin increase from 4.0% in 2023 to 4.8% in 2024[28]. - The company’s return on equity (ROE) improved to 10.6% in 2024, up from 9.9% in 2023[28]. Operational Efficiency - The company maintained a full production capacity in 2024, with stable sales orders and production plans[10]. - The average selling price of galvanized steel products decreased, but production costs were reduced by approximately 3.4% due to effective management measures[8]. - Selling expenses increased from approximately RMB 56,525,000 in 2023 to RMB 69,834,000 in 2024, primarily due to rising transportation costs[23]. - Administrative expenses rose from approximately RMB 27,645,000 in 2023 to RMB 29,851,000 in 2024[24]. - Financial costs decreased from approximately RMB 20,147,000 in 2023 to RMB 18,247,000 in 2024, mainly due to reduced bank loan interest expenses[25]. Financial Position - As of December 31, 2024, the group's bank deposits and cash amounted to approximately RMB 239,102,000, an increase from RMB 168,990,000 in 2023[29]. - The net current assets as of December 31, 2024, were approximately RMB 633,026,000, representing a 25.5% increase from RMB 504,248,000 in 2023[30]. - The current ratio as of December 31, 2024, was approximately 1.9, compared to 1.6 in 2023, indicating a healthy financial position[30]. - As of December 31, 2024, the group had approximately RMB 349,100,000 in bank and other loans, down from RMB 501,328,000 in 2023[31]. - The debt-to-equity ratio as of December 31, 2024, was approximately 0.4, compared to 0.6 in 2023[32]. Risk Management - The group faced various financial risks, including foreign exchange risk, interest rate risk, and credit risk, with no hedging instruments currently in use[35][37][38]. - Approximately 90.3% of the group's revenue in 2024 was settled in RMB, while about 9.7% was settled in foreign currencies, exposing the group to foreign exchange risk[36]. - The company has identified areas for improvement in its internal control systems and has taken appropriate measures to manage operational risks[166]. Corporate Governance - The group’s independent non-executive directors bring extensive experience in finance, engineering, and the steel industry, enhancing governance and strategic oversight[52][53]. - The board believes that good corporate governance is crucial for the company's success and enhancing shareholder value, adhering to the corporate governance code[130]. - The board composition remained unchanged for the year ending December 31, 2024, with a gender diversity ratio of 25%, consisting of 2 female directors out of 8 total[156]. - The board has established measurable targets for diversity, including a preliminary goal of having at least one director of a different gender since the company's listing[156]. Environmental and Social Responsibility - The company is committed to integrating environmental sustainability into its operations to reduce carbon emissions and comply with Chinese environmental laws[199]. - The company emphasizes the importance of environmental, social, and governance (ESG) management for sustainable economic growth and has integrated climate-related issues into its risk management framework[189]. - The company values feedback on its sustainability performance and has established an online feedback form for stakeholders[184]. Employee Relations - The company emphasizes the importance of employees as valuable assets and provides competitive compensation and appropriate training for career development[69]. - The company has implemented a set of occupational health and safety procedures to ensure a safe and healthy work environment for employees[69]. Shareholder Relations - The company has established a shareholder communication policy to effectively respond to shareholder concerns and feedback[176]. - There is no fixed dividend payout ratio; any dividend payments will depend on the company's overall operational performance, financial condition, cash flow, and future prospects[177].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of RMB 1,944,411 thousand, a slight increase from RMB 1,928,400 thousand in 2023, representing a growth of approximately 0.8%[3] - The gross profit for the same period was RMB 213,725 thousand, up from RMB 180,293 thousand in 2023, indicating a gross profit margin increase to 11.0% from 9.3%[3] - The net profit attributable to equity shareholders was RMB 92,703 thousand, compared to RMB 77,446 thousand in the previous year, reflecting a net profit margin improvement to 4.8% from 4.0%[3] - Earnings per share rose to RMB 0.15 from RMB 0.13, marking an increase of approximately 15.4% year-over-year[3] - The group reported a total revenue of RMB 1,944,411 thousand for 2024, compared to RMB 1,928,400 thousand in 2023, reflecting a growth of approximately 0.83%[21] - The gross profit for the reporting segments in 2024 was RMB 213,725,000, up from RMB 180,293,000 in 2023, indicating an increase of about 18.5%[28] - The company reported a pre-tax profit of RMB 108,271,000 for 2024, compared to RMB 88,036,000 in 2023, reflecting a growth of approximately 23%[28] - The net profit for the year increased from approximately RMB 77,446,000 in 2023 to RMB 92,703,000 in 2024, with a net profit margin rising from 4.0% to 4.8%[73] Revenue Sources - Sales of hot-rolled steel coils reached RMB 159,227 thousand in 2024, up from RMB 122,022 thousand in 2023, marking an increase of about 30.5%[21] - Revenue from the sale of non-color coated galvanized steel products was RMB 1,025,588 thousand in 2024, a decrease of 4.4% from RMB 1,072,815 thousand in 2023[21] - The group provided property management services generating revenue of RMB 6,165 thousand in 2024, an increase of 47.0% from RMB 4,195 thousand in 2023[21] - Customer A contributed RMB 221,257 thousand to the group's revenue in 2024, compared to RMB 212,699 thousand in 2023, representing a growth of 4.3%[21] - Customer B's contribution was RMB 168,844 thousand in 2024, down from RMB 198,300 thousand in 2023, indicating a decline of approximately 14.8%[21] Financial Position - The company's current ratio improved to 1.9 from 1.6, while the debt-to-asset ratio decreased to 0.4 from 0.6, indicating stronger liquidity and financial stability[3] - Total assets decreased to RMB 1,341,040 thousand from RMB 1,404,460 thousand, primarily due to a reduction in trade receivables[9] - The company reported a decrease in trade receivables to RMB 469,839 thousand from RMB 549,539 thousand, which may reflect improved collection efforts[9] - The company’s cash and cash equivalents increased to RMB 239,102 thousand from RMB 168,990 thousand, indicating improved cash flow management[9] - Trade receivables, net of loss provisions, decreased from RMB 211,111,000 in 2023 to RMB 196,169,000 in 2024, representing a decline of approximately 7.1%[42] - The balance of notes receivable decreased from RMB 338,428,000 in 2023 to RMB 273,670,000 in 2024, a reduction of about 19.2%[42] - Total trade receivables and notes receivable, net of loss provisions, decreased from RMB 549,539,000 in 2023 to RMB 469,839,000 in 2024, a decline of approximately 14.5%[42] - Trade payables and notes payable decreased from RMB 351,689,000 in 2023 to RMB 327,212,000 in 2024, a decrease of about 7%[44] Expenses and Costs - The sales expenses increased to RMB 69,834,000 in 2024 from RMB 56,525,000 in 2023, marking an increase of around 23.5%[28] - The employee costs for 2024 were RMB 70,459,000, up from RMB 60,175,000 in 2023, representing an increase of approximately 17.9%[32] - The depreciation expenses decreased to RMB 28,652,000 in 2024 from RMB 32,171,000 in 2023, a reduction of about 10.4%[35] - The financing costs decreased to RMB 18,247,000 in 2024 from RMB 20,147,000 in 2023, a decline of about 9.4%[31] Market and Business Strategy - The company plans to continue focusing on the manufacturing and sales of steel products, as well as property management services, to drive future growth[10] - The group anticipates strong demand in the home appliance market driven by government policies, particularly in the fourth quarter, leading to a robust order book[58] - The group plans to maintain existing business operations while seeking to capture more market share and enhance profitability amid challenges and opportunities in the market[61] - The group expects the demand for energy-efficient home appliances to increase further due to the "dual carbon" goals, alongside a rise in personalized and customized smart home appliance needs[61] Corporate Governance - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance by all directors for the year ending December 31, 2024[86] - The board believes that good corporate governance is crucial for the company's success and shareholder value enhancement, and has maintained high levels of governance throughout the year[88] - The audit committee has reviewed the audited consolidated results for the year ending December 31, 2024, and confirmed alignment with the preliminary financial data disclosed[92] Future Outlook - The company does not recommend the payment of a final dividend for the year ending December 31, 2024, consistent with the previous year[52] - The annual general meeting is scheduled for June 13, 2025, with a notice to be sent to shareholders in due course[96] - The company will suspend share transfer registration from June 10, 2025, to June 13, 2025, to determine eligible shareholders for the annual general meeting[98] - The annual report containing all required information will be sent to shareholders and made available on the company's website[99] - There have been no significant events occurring after December 31, 2024, up to the date of this announcement[94]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,005,473,000, an increase of 20.3% compared to RMB 835,643,000 for the same period in 2023[5] - Gross profit for the same period was RMB 121,211,000, representing a gross margin of 12.1%, up from RMB 53,178,000 in 2023[5] - Operating profit increased significantly to RMB 81,440,000, compared to RMB 20,777,000 in the previous year, marking a growth of 292.5%[5] - Profit attributable to equity shareholders for the period was RMB 62,228,000, a substantial increase from RMB 10,144,000 in 2023, reflecting a year-on-year growth of 514.5%[5] - Basic and diluted earnings per share rose to RMB 0.10, compared to RMB 0.02 for the same period last year[5] - The company reported a total comprehensive income of RMB 62,310,000 for the period, significantly higher than RMB 10,339,000 in 2023[6] - For the six months ended June 30, 2024, the company reported a net profit of RMB 62,228 thousand, compared to RMB 67,302 thousand for the same period in 2023, reflecting a decrease of approximately 7.5%[9] - The total comprehensive income for the six months ended June 30, 2024, was RMB 62,310 thousand, down from RMB 67,371 thousand in the previous year, indicating a decline of about 7.5%[9] - Pre-tax profit for the six months ended June 30, 2024, was RMB 62,228,000, significantly up from RMB 10,144,000 in the same period of 2023, indicating a strong recovery[30] - Net profit for the period was approximately RMB 62,228,000[59] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 1,494,230,000, an increase from RMB 1,404,460,000 at the end of 2023[8] - The net asset value rose to RMB 844,594,000, compared to RMB 782,284,000 at the end of 2023, reflecting a growth of 7.9%[8] - As of June 30, 2024, the company's total equity amounted to RMB 844,594 thousand, an increase from RMB 782,284 thousand at the beginning of the year[9] - Total bank loans as of June 30, 2024, were RMB 500,448,000, up from RMB 441,328,000 as of December 31, 2023, indicating an increase of about 13.4%[47] - The company's retained earnings increased to RMB 373,606 thousand as of June 30, 2024, up from RMB 311,378 thousand at the beginning of the year[9] - The company’s total assets as of June 30, 2024, were not explicitly stated but can be inferred to have increased given the rise in total equity and cash equivalents[9] Cash Flow and Financing - The company's cash and cash equivalents increased to RMB 224,400,000 from RMB 168,990,000, indicating improved liquidity[8] - Operating cash flow for the six months ended June 30, 2024, was RMB 38,448 thousand, a significant improvement from a cash outflow of RMB 39,387 thousand in the same period of 2023[10] - The company experienced a net cash inflow of RMB 21,247 thousand in cash and cash equivalents for the six months ended June 30, 2024, compared to a decrease of RMB 18,288 thousand in the prior year[10] - The company’s financing activities resulted in a net cash outflow of RMB 11,707 thousand for the six months ended June 30, 2024, contrasting with a net inflow of RMB 48,649 thousand in the previous year[10] - The company has entered into a loan agreement for RMB 20,000,000 with an interest rate of 5.5% to enhance office capacity[34] - The company’s bank financing amounted to RMB 1,000,000,000 as of June 30, 2024, with utilized financing of RMB 571,560,000[50] Revenue Segments - The revenue from the cold-rolled steel segment was RMB 76,329 thousand for the six months ended June 30, 2024, up from RMB 54,843 thousand in the same period of 2023, reflecting a growth of 39.2%[20] - The revenue from the non-color coated galvanized steel products segment reached RMB 525,839 thousand, an increase of 11.8% from RMB 470,341 thousand in the previous year[20] - The revenue from the color coated galvanized steel products segment was RMB 400,136 thousand, which is a 29.3% increase compared to RMB 309,354 thousand for the same period in 2023[20] - The property management services segment generated revenue of RMB 3,169 thousand, significantly higher than RMB 1,105 thousand in the same period last year[20] - The total sales volume of cold-rolled steel products and galvanized steel products was approximately 168,043 tons, an increase of about 23,778 tons or 16.5% compared to approximately 144,265 tons in the same period of 2023[59] - The sales volume of cold-rolled steel products was approximately 16,230 tons, an increase of about 4,545 tons or 38.9% compared to the same period in 2023[59] - The sales volume of color-coated galvanized steel products was approximately 58,332 tons, an increase of about 11,947 tons or 25.8% compared to the same period in 2023[59] Expenses and Costs - Selling expenses rose to approximately RMB 33,428,000 from RMB 25,572,000 in the previous year, mainly due to increased transportation costs associated with higher sales volume[66] - The company incurred a total depreciation expense of RMB 14,372,000 for the six months ended June 30, 2024, down from RMB 17,989,000 in the same period of 2023[27] - The company’s financing costs increased to RMB 10,187,000 from RMB 9,662,000 year-over-year[26] - The company recognized a current tax provision of RMB 6,392,000 for the six months ended June 30, 2024, compared to RMB 1,802,000 in the same period of 2023[28] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to sustain growth momentum[1] - The company plans to enhance its overseas market development to compensate for insufficient domestic demand[59] - The company is exploring property management business development in the Philippines as part of its diversification and internationalization strategy[59] Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated interim financial statements for the six months ended June 30, 2024[85] - The company maintained compliance with the corporate governance code as of June 30, 2024[86] - The board did not recommend any interim dividend for the six months ended June 30, 2024[82] - There were no significant acquisitions or disposals of subsidiaries or associates during the six months ended June 30, 2024[81] - No significant events occurred after June 30, 2024, up to the report date[83] Employee and Director Information - The group employed approximately 576 employees as of June 30, 2024, with annual salary reviews based on performance and experience[80] - There have been no changes to director information that require disclosure under Listing Rule 13.51B(1) during the six months ending June 30, 2024[97] - No service contracts with directors that cannot be terminated within one year without compensation have been signed or proposed as of June 30, 2024[96]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,005,473 thousand, representing a 20.3% increase from RMB 835,643 thousand in the same period of 2023[1] - Gross profit increased to RMB 121,211 thousand, with a gross margin of 12.1%, compared to RMB 53,178 thousand and a gross margin of 6.4% in the previous year[1] - Net profit for the period was RMB 62,228 thousand, significantly up from RMB 10,144 thousand, resulting in a net profit margin of 6.2% compared to 1.2% in 2023[1] - Earnings per share rose to RMB 0.10 for the six months ended June 30, 2024, compared to RMB 0.02 in the same period last year[2] - Operating profit increased to RMB 81,440 thousand from RMB 20,777 thousand, reflecting improved operational efficiency[2] - The gross profit for the reporting segments was RMB 121,211 thousand for the six months ended June 30, 2024, compared to RMB 53,178 thousand for the same period in 2023, indicating a substantial increase of 128.1%[16] - The pre-tax profit for the six months ended June 30, 2024, was RMB 71,253 thousand, up from RMB 11,115 thousand in the same period of 2023, reflecting an increase of 540.5%[16] - The net profit for the period was approximately RMB 62,228,000[40] - Net profit increased significantly from approximately RMB 10,144,000 in 2023 to about RMB 62,228,000 in 2024, resulting in a net profit margin of approximately 6.2%[50] Revenue Breakdown - The group reported revenue from the sale of cold-rolled steel coils of RMB 76,329 thousand for the six months ended June 30, 2024, compared to RMB 54,843 thousand for the same period in 2023, representing an increase of 39%[11] - Revenue from the sale of non-color coated galvanized steel products reached RMB 525,839 thousand for the six months ended June 30, 2024, up from RMB 470,341 thousand in 2023, reflecting an increase of 12%[11] - The sale of color-coated galvanized steel products generated revenue of RMB 400,136 thousand for the six months ended June 30, 2024, compared to RMB 309,354 thousand in 2023, marking a growth of 29%[11] - Total revenue from property management services increased to RMB 3,169 thousand for the six months ended June 30, 2024, from RMB 1,105 thousand in 2023, indicating a significant rise of 187%[11] - The group's total revenue for the six months ended June 30, 2024, was RMB 1,005,473 thousand, compared to RMB 835,643 thousand in 2023, representing an overall increase of 20%[11] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 1,494,230 thousand, up from RMB 1,404,460 thousand at the end of 2023[4] - Current liabilities totaled RMB 980,197 thousand, compared to RMB 900,212 thousand at the end of 2023, indicating increased operational activities[4] - The company's equity attributable to shareholders increased to RMB 844,594 thousand from RMB 782,284 thousand, indicating a strong financial position[4] - As of June 30, 2024, trade receivables (net of impairment) amounted to RMB 215,975,000, a decrease from RMB 328,346,000 as of December 31, 2023[28] - Trade payables increased to RMB 82,037,000 from 79,277,000 as of December 31, 2023[32] - The company had short-term bank loans totaling RMB 310,648,000 as of June 30, 2024, compared to RMB 330,328,000 as of December 31, 2023[35] - The total bank loans as of June 30, 2024, were approximately RMB 500,448,000, slightly decreased from RMB 501,328,000 as of December 31, 2023[53] Costs and Expenses - The company reported a total cost of inventory at RMB 884,262 thousand for the six months ended June 30, 2024, compared to RMB 782,465 thousand for the same period in 2023, which is an increase of 13.0%[21] - The company's employee costs for the six months ended June 30, 2024, amounted to RMB 30,574 thousand, an increase from RMB 26,495 thousand in the same period of 2023, which is a rise of 15.8%[20] - Selling expenses increased from RMB 25,527,000 in 2023 to approximately RMB 33,428,000 in 2024, primarily due to higher transportation costs associated with increased sales volume[45] - Interest income for the six months ended June 30, 2024, was RMB 1,019 thousand, slightly down from RMB 1,133 thousand in the same period of 2023, a decrease of 10.1%[19] - The company incurred financing costs totaling RMB 10,187 thousand for the six months ended June 30, 2024, compared to RMB 9,662 thousand for the same period in 2023, representing an increase of 5.4%[20] - Other income for the six months ended June 30, 2024, was RMB 3,655 thousand, down from RMB 4,436 thousand in the same period of 2023, a decrease of 17.6%[19] Market and Strategic Outlook - The company continues to focus on manufacturing and sales of steel products, with plans for market expansion and potential new product development in the future[5] - The company noted a cautious outlook for the home appliance market due to a decline in sales during the 618 promotional event[41] - The company plans to enhance its overseas market development to compensate for insufficient domestic demand[41] Taxation and Compliance - The group has a tax rate of 25% for subsidiaries established in China (excluding Hong Kong) for the six months ending June 30, 2024[23] - The group’s subsidiaries in Hong Kong are subject to a profits tax rate of 16.5% for the six months ending June 30, 2024[23] - The group is eligible for a preferential tax rate of 15% for qualified high-tech enterprises in China for the calendar years 2022 to 2024[23] - The group can claim an additional 100% deduction for qualified R&D costs when calculating income tax for the six months ending June 30, 2024[24] Employee and Operational Information - As of June 30, 2024, the group employed approximately 576 employees, with salaries reviewed and adjusted annually based on performance and experience[60] - The group has not identified any items requiring reclassification of liabilities as current or non-current following the adoption of the revised accounting standards[8] - The group has not entered into any sale and leaseback transactions, thus the recent amendments to accounting standards have no significant impact on the financial statements[9] - The group has not adopted any new standards or interpretations that have not yet come into effect during the reporting period[8] Audit and Governance - The audit committee confirmed that the unaudited interim financial statements fairly presented the group's financial position and performance for the period[63] - The board did not recommend any interim dividend for the six months ended June 30, 2024[62]

Financial Performance - In 2023, the total sales volume of the group reached 330,585 tons, with total revenue approximately RMB 1,928,400,000, representing an increase of 38.9% in sales volume and 29.2% in revenue compared to 2022[7]. - The gross profit margin improved significantly from 2.4% in 2022 to 9.3% in 2023, driven by increased production efficiency and a decrease in raw material costs[7]. - The company's revenue for the year ended December 31, 2023, was RMB 1,928,400,000, an increase of 29.2% compared to RMB 1,492,155,000 in 2022[18]. - Total sales volume for various products reached 330,585 tons, up 38.9% from 238,011 tons in the previous year[19]. - The gross profit for the year was approximately RMB 180,293,000, significantly up from RMB 35,663,000 in 2022, resulting in a gross margin increase from 2.4% to 9.3%[22]. - The company recorded a net profit of approximately RMB 77,446,000 for the year, compared to a loss of RMB 31,253,000 in 2022[29]. - The average selling price of products decreased by approximately 7.0%, while the sales volume increase contributed significantly to revenue growth[19]. Business Operations - The company’s indirect wholly-owned subsidiary in the Philippines commenced property management services, generating revenue of approximately RMB 4,195,000[8]. - The company completed its capacity expansion project, incorporating advanced automation technologies, which enhanced production efficiency and product quality[8]. - The total sales of hard-rolled steel products increased by 42.1% to 25,860 tons in 2023, contributing to overall sales growth[7]. - The company experienced a fluctuation in demand in the home appliance market, with an overall upward trend leading to increased order volumes, especially in the second half of 2023[14]. - The company aims to leverage macroeconomic adjustments and overseas market recovery to navigate demand growth pressures in the home appliance market in 2024[10]. - The company plans to explore suitable business opportunities in the Philippines and other overseas markets to diversify and internationalize its operations[10]. Financial Position - Cash and bank deposits as of December 31, 2023, were approximately RMB 168,990,000, down from RMB 213,321,000 in 2022[30]. - The company maintained a current ratio of 1.6, indicating a stable liquidity position compared to 1.5 in 2022[18]. - As of December 31, 2023, the group's net current assets amounted to approximately RMB 504,248,000, an increase of about 25.8% compared to RMB 400,948,000 as of December 31, 2022[31]. - The total bank and other loans amounted to approximately RMB 501,328,000 as of December 31, 2023, compared to RMB 429,390,000 in 2022[32]. - Approximately RMB 441,328,000 of the loans are due within one year, while RMB 60,000,000 is due within two years[32]. - The group's debt-to-equity ratio was approximately 0.6 for both December 31, 2023, and 2022, indicating stable capital structure[33]. Risk Management - The group faced various financial risks, including foreign exchange risk, interest rate risk, and credit risk, with 91.1% of revenue settled in RMB and 8.9% in foreign currencies[36][37]. - The company has not utilized any derivative contracts to hedge against foreign exchange or interest rate risks[38][39]. - The company has established long-term relationships with key suppliers to mitigate risks associated with raw material supply shortages, ensuring stable access to essential materials[69]. Corporate Governance - The company’s board includes experienced independent non-executive directors with extensive backgrounds in finance and engineering, enhancing governance and strategic oversight[56][58]. - The company’s management team has over 20 years of experience in manufacturing and sales, contributing to effective operational management and strategic execution[61][63]. - The board consists of a balanced composition of executive and independent non-executive directors, suitable for the company's diversified business[159]. - The board has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance for the year ended December 31, 2023[154]. - The board believes that good corporate governance is crucial for the company's success and enhancing shareholder value[152]. Shareholder Information - The company has a remaining balance of RMB 142,753,000 available for distribution to shareholders as of December 31, 2023[92]. - The company has decided not to declare any dividends for the fiscal year ending December 31, 2023[85]. - The company aims to enhance shareholder value through the share option scheme and other strategic initiatives[117]. Compliance and Regulations - The company has complied with relevant laws and regulations that significantly impact its operations[75]. - The company is closely monitoring the development of environmental laws and regulations to ensure compliance and mitigate associated risks[70]. Employee Relations - The group employed 580 staff members as of December 31, 2023, with compensation reviewed annually based on performance and experience[41]. - The company has a competitive employee compensation package and emphasizes a safe and healthy work environment[79].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenue of RMB 1,928,400 thousand, representing a 29.2% increase from RMB 1,492,155 thousand in 2022[3] - The gross profit for the same period was RMB 180,293 thousand, with a gross margin of 9.3%, up from a gross margin of 2.4% in the previous year[3] - The net profit attributable to equity shareholders was RMB 77,446 thousand, compared to a net loss of RMB 31,253 thousand in 2022, indicating a significant turnaround[5] - Basic and diluted earnings per share improved to RMB 0.13 from a loss of RMB 0.05 in the prior year[5] - The gross profit for the reporting segments in 2023 was RMB 180,293,000, significantly higher than RMB 35,663,000 in 2022, indicating a substantial improvement in profitability[26] - The group recorded a pre-tax profit of approximately RMB 88,036,000 in 2023, compared to a pre-tax loss of RMB 44,051,000 in 2022[72] - The net profit for the year was approximately RMB 77,446,000, recovering from a loss of RMB 31,253,000 in 2022[74] Revenue Breakdown - Sales of cold-rolled hard steel sheets reached RMB 122,022 thousand in 2023, up from RMB 92,075 thousand in 2022, representing a growth of 32.5%[21] - Sales of non-color coated hot-dip galvanized steel products amounted to RMB 1,072,815 thousand in 2023, compared to RMB 868,662 thousand in 2022, reflecting a growth of 23.5%[21] - Sales of color-coated hot-dip galvanized steel products increased to RMB 729,368 thousand in 2023 from RMB 531,418 thousand in 2022, marking a growth of 37.2%[21] - Customer A contributed RMB 212,699 thousand to revenue in 2023, up from RMB 203,399 thousand in 2022, an increase of 4.3%[21] - Customer B's revenue contribution rose significantly to RMB 198,300 thousand in 2023 from RMB 121,506 thousand in 2022, representing a growth of 63.4%[21] Financial Position - The company's current ratio increased to 1.6 from 1.5, indicating improved liquidity[3] - Total assets less current liabilities rose to RMB 878,157 thousand from RMB 777,397 thousand, reflecting a stronger financial position[10] - The company reported a net asset value of RMB 782,284 thousand, up from RMB 704,574 thousand in the previous year[10] - The total financial assets measured at amortized cost increased to RMB 549,539,000 in 2023 from RMB 503,396,000 in 2022, reflecting a growth of about 9.2%[42] - The total amount of bank acceptances and other financial institution acceptances as of December 31, 2023, is RMB 163,605,000, an increase from RMB 134,828,000 in 2022[45] Cost Management - The financing costs decreased slightly to RMB 20,147 thousand from RMB 20,766 thousand, indicating better cost management[5] - The group’s financial costs decreased to RMB 20,147,000 in 2023 from RMB 20,766,000 in 2022[71] - Employee costs increased to RMB 60,175,000 in 2023 from RMB 54,527,000 in 2022, indicating a rise in workforce expenses[31] - The depreciation expense for owned properties, plants, and equipment was RMB 29,423,000 in 2023, down from RMB 31,442,000 in 2022[33] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to drive future growth[11] - The company aims to enhance operational efficiency and explore potential mergers and acquisitions to strengthen its market position[11] - The company began offering property management services in 2023 to diversify its business operations[25] - The development of property management services is seen as a positive diversification strategy, with plans to seek suitable business opportunities in the Philippines and other countries[62] IPO and Capital Allocation - The net proceeds from the initial public offering (IPO) amounted to approximately RMB 107,086,000 after deducting professional fees and related expenses[87] - Approximately 96.1% of the IPO proceeds will be allocated for building construction, production facilities, and equipment to expand capacity and improve production efficiency[88] - The company decided to reallocate RMB 18,490,000 from the IPO proceeds for the purchase of adjacent land parcels totaling approximately 44,763.1 square meters to accommodate new production lines[87] - The company has also allocated RMB 29,500,000 from the IPO proceeds for the purchase of a new intelligent coating production line due to high profit margins in the coated galvanized steel products[89] - The remaining unutilized IPO proceeds as of December 31, 2023, are zero, indicating full allocation of the funds[90] Governance and Compliance - The company has maintained compliance with corporate governance standards throughout the fiscal year ending December 31, 2023[94] - The audit committee has reviewed the financial performance for the year ending December 31, 2023, confirming adherence to accounting standards and internal controls[96] - There have been no significant post-reporting events since December 31, 2023, indicating stability in operations[98] Future Outlook - The company anticipates a stable economic environment in China for 2024, focusing on boosting consumption and expanding service consumption to drive domestic demand[61] - The overseas home appliance market is expected to enter a replenishment cycle, aided by easing inflation and the depreciation of the RMB, which is projected to positively impact short-term market conditions[62]

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 835,643 thousand, an increase of 9.3% compared to RMB 764,715 thousand in the same period of 2022[4] - Gross profit for the same period was RMB 53,178 thousand, representing a significant increase of 54.5% from RMB 34,401 thousand in 2022[4] - Operating profit rose to RMB 20,777 thousand, compared to RMB 3,615 thousand in the previous year, marking a substantial improvement[4] - The net profit attributable to equity shareholders for the period was RMB 10,144 thousand, a turnaround from a loss of RMB 5,144 thousand in 2022[4] - The total comprehensive income for the period was RMB 10,339 thousand, compared to a loss of RMB 5,436 thousand in the previous year[6] - Basic earnings per share for the six months ended June 30, 2023, were RMB 10,144,000, compared to a loss of RMB 5,144,000 in 2022, showing a turnaround in profitability[32] - The company recorded a profit of approximately RMB 10,144,000 for the six months ended June 30, 2023, compared to a loss of RMB 5,144,000 in the same period of 2022[78] Revenue Breakdown - Revenue from the sale of cold-rolled hard steel sheets was RMB 54,843 thousand, up from RMB 38,768 thousand in 2022[20] - Revenue from the sale of non-color coated hot-dip galvanized steel products reached RMB 470,341 thousand, compared to RMB 435,789 thousand in the previous year[20] - Revenue from the sale of color-coated hot-dip galvanized steel products was RMB 309,354 thousand, an increase from RMB 290,158 thousand in 2022[20] - The total customer contract revenue for the six months ended June 30, 2023, was RMB 835,643 thousand, compared to RMB 764,715 thousand in the same period of 2022[20] - The geographical revenue breakdown shows that revenue from China was RMB 755,120,000, up from RMB 672,667,000 in 2022, reflecting a growth of approximately 12.3%[26] Cash Flow and Assets - Total assets as of June 30, 2023, amounted to RMB 1,329,047 thousand, up from RMB 1,269,729 thousand at the end of 2022[8] - Current assets increased to RMB 1,329,047 thousand, while current liabilities slightly decreased to RMB 867,548 thousand, resulting in a net current asset value of RMB 461,499 thousand[8] - The company reported a basic and diluted earnings per share of RMB 0.02 for the first half of 2023, compared to a loss per share of RMB 0.01 in the same period last year[4] - The company’s cash and cash equivalents stood at RMB 210,189 thousand, a slight decrease from RMB 213,321 thousand at the end of 2022[8] - The company reported a net cash decrease of RMB 18,288 thousand in cash and cash equivalents for the six months ended June 30, 2023[12] Operating Activities - The net cash used in operating activities for the six months ended June 30, 2023, was RMB (39,387) thousand, a decrease from RMB 79,631 thousand in the same period of 2022[12] - Total cash used in investing activities increased to RMB (27,550) thousand in 2023 from RMB (22,090) thousand in 2022[12] - The net cash generated from financing activities was RMB 48,649 thousand, compared to a cash used of RMB (13,632) thousand in the previous year[12] Cost and Expenses - Employee costs decreased slightly to RMB 26,495,000 in 2023 from RMB 27,177,000 in 2022, a reduction of approximately 2.5%[29] - Depreciation and amortization for owned properties, plants, and equipment was RMB 16,785,000 in 2023, down from RMB 24,641,000 in 2022, indicating a decrease of approximately 31.9%[30] - Administrative expenses increased by approximately 16.8% to RMB 10,877,000, primarily due to charitable donations of RMB 1,000,000[74] - Financial costs decreased by approximately 16.1% to RMB 9,662,000, mainly due to reduced interest on discounted notes[75] Inventory and Trade Receivables - As of June 30, 2023, inventory amounted to RMB 420,621,000, an increase from RMB 380,537,000 as of December 31, 2022[38] - Trade receivables, net of impairment, were RMB 156,561,000 as of June 30, 2023, up from RMB 146,976,000 as of December 31, 2022[40] Financing and Debt - As of June 30, 2023, the group's bank financing amounted to RMB 954,000,000, with utilized financing of RMB 479,500,000[52] - Long-term bank loans increased from RMB 41,000,000 as of December 31, 2022, to RMB 100,500,000 as of June 30, 2023[51] - The group's debt-to-equity ratio was approximately 0.7 as of June 30, 2023, compared to 0.6 as of December 31, 2022[81] Business Strategy and Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[4] - The group expects steady growth in order volume in the second half of the year, with a sales target of 290,000 tons for the full year[63] - The company plans to continue seeking business opportunities related to property management in the Philippines and other countries to enhance long-term value[66] Shareholder Information - As of June 30, 2023, Mr. Mei Ze Feng holds 343,220,000 shares, representing 56.61% of the company's equity[103] - Ms. Liu Ping holds 85,500,000 shares, representing 14.10% of the company's equity[103] - Newrich Limited and Star Century Corporate Limited are significant shareholders, holding 56.61% and 14.10% of the company's equity, respectively[105] Compliance and Governance - The company has confirmed compliance with the standard code of conduct regarding securities trading by all directors as of June 30, 2023[102] - No significant acquisitions or disposals of subsidiaries or associates occurred in the six months ending June 30, 2023[90] - The board did not recommend any interim dividend for the six months ending June 30, 2023[92]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，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。 KANGLI INTERNATIONAL HOLDINGS LIMITED 康 利 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） 06890 （股份代號： ） 2023 6 30 截至 年 月 日止六個月之 中期業績公告 康利國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公 2023 6 30 司及其附屬公司（統稱「本集團」）截至 年 月 日止六個月之未經審核綜合 業績，連同上個財政年度同期之比較數字如下： 財務表現摘要 6 30 截至 月 日止六個月 2023 2022 年 年 人民幣千元 人民幣千元 （未經審核） （未經審核） 主要財務資料及業績比率 835,643 764,715 －收益 53,178 34,401 －毛利 ...