北京北大青鳥環宇科技股份有限公司 BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） （股票編號：08095） 第二季度業績公佈 截至二零二三年六月三十日止六個月 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上 市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並 應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本公佈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。 本公佈包括的資料乃遵照GEM證券上市規則（「GEM上市規則」）的規定而提供有關北京 北大青鳥環宇科技股份有限公司（「本公司」）的資料。本公司各董 ...

BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED STOCK CODE 股份代號 : 08095 北京北大青鳥環宇科技股份有限公司 FIRST QUARTERLY RESULTS REPORT 2023 第一季度業績報告 FOR THE THREE MONTHS ENDED 31 MARCH 2023 截至二零二三年三月三十一日止三個月 GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decis ...

北京北大青鳥環宇科技股份有限公司 BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） （股票編號：08095） 第一季度業績公佈 截至二零二三年三月三十一日止三個月 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上 市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並 應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本公佈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。 本公佈包括的資料乃遵照GEM證券上市規則（「GEM上市規則」）的規定而提供有關北京 北大青鳥環宇科技股份有限公司（「本公司」）的資料。各董事（ ...

Acquisitions and Investments - The Group completed the acquisition of a company specializing in high-end ceramic high-power LED devices and modules to enhance operating income and profit streams[18]. - The Group entered into an equity transfer agreement to dispose of part of its interest in an A share company listed on the Shenzhen Stock Exchange, which is expected to bring substantial cash inflow for further expansion and diversification[18]. - The Group acquired an 80% equity interest in Guangdong Lumen Pioneer Opto Co., Ltd., which specializes in high-end ceramic high-power LED devices and modules[24]. - The company completed a capital injection of RMB 100,000,000 into Eta Shanghai, acquiring approximately 22.681% equity interest, which is treated as an associate in the financial statements[41][44]. - The company conditionally agreed to sell 44,900,000 shares of Jade Bird Fire, representing 7.96% equity interest, for RMB 1,101,846,000, providing substantial cash inflow[42][45]. - The acquisition of 80% equity interest in Guangdong Lumen was completed for RMB 84,486,160, expanding the company's business into high-end ceramic high-power LED devices[48][51]. - The company aims to improve working capital and cash flow through the partial disposal of equity interests in Jade Bird Fire, facilitating future development opportunities[47][50]. - The company views the investment in Eta Shanghai as a good opportunity aligned with its vision for promising businesses[41][44]. Financial Performance - For the year ended December 31, 2022, total revenue recorded by the Group amounted to approximately RMB276.2 million, representing a decrease of 30.0% compared to RMB394.6 million in 2021[70]. - The Group's tourism development business recorded revenue of approximately RMB86.6 million, a decrease of 21.8% from RMB110.8 million in 2021, primarily due to the impact of the Epidemic[60]. - Revenue from the trading of metallic products decreased by 46.2% to approximately RMB147.2 million, down from RMB273.6 million in 2021, attributed to reduced orders due to price fluctuations[68]. - The Group recorded a profit attributable to owners of the Company of approximately RMB333.4 million, an increase of 109.7% from RMB159.0 million in 2021, mainly due to a gain on deemed partial disposal of an associate[70]. - The gross profit decreased by 36.2% to approximately RMB38.4 million, down from RMB60.2 million in 2021[70]. - The Group's net assets increased to approximately RMB 3,728.5 million in 2022, up from RMB 3,348.5 million in 2021, representing a growth of 11.4%[103]. - Total outstanding borrowings rose to approximately RMB 943.5 million in 2022, compared to RMB 701.9 million in 2021, marking an increase of 34.4%[103]. - The gearing ratio as of December 31, 2022, was 28.7%, up from 24.2% in 2021, indicating a higher level of financial leverage[104]. Operational Challenges - The Chinese government has implemented measures to contain the COVID-19 epidemic, and the Group will monitor its impact on key businesses as the economy is expected to recover in 2023[19]. - The number of tourists visiting Hengshan Mountain scenic area decreased by approximately 28% for the year ended December 31, 2022, due to the epidemic[26]. - The company's total revenue and profit from operations were affected by the Epidemic, particularly in tourism and trading sectors, but expects recovery in 2023[55]. - The Group faces various operational risks, including potential adverse adjustments in local government policies and industry regulations, which may negatively impact net profit[79]. - The Group is exposed to financial risks such as foreign currency risk, price risk, credit risk, liquidity risk, and interest rate risk[82]. Employee and Management Information - The Group's staff costs, including directors' emoluments and retirement benefits, amounted to approximately RMB 62.7 million for the year ended December 31, 2022, an increase from RMB 60.5 million in 2021[124]. - The workforce increased by 12.3% to 584 employees by the end of 2022, reflecting the Group's business expansion[122]. - Mr. Tang Xuan has 27 years of professional experience in investment, finance, and auditing, currently serving as an audit partner at ShineWing Certified Public Accountants[139]. - Mr. Li Chonghua holds a practicing certificate of securities practitioner and has served in various roles including deputy chief economist at Beijing Chemical Second Plant[143]. - Mr. Shen Wei co-founded "CIWEEK" and has extensive experience in internet strategy, products, and operations, with numerous patents in two-dimensional code technology[144]. - Professor Wang Yangyuan has been the Chief Scientist since May 2000, overseeing technological research and development at Semiconductor Manufacturing International Corporation[145]. - Mr. Fan Yimin is the chairman of the Supervisory Committee and has held various leadership roles in educational investment and software system companies[150]. - The board includes members with extensive experience in finance, technology, and media, enhancing the company's strategic capabilities[143][144][150]. Compliance and Environmental Standards - The Group is committed to high environmental standards and complies with relevant laws regarding emissions and waste management[90]. - The Group's core businesses are primarily operated by subsidiaries in the PRC and the USA, ensuring compliance with laws for sustainable development[91]. Dividends and Reserves - No final dividend was recommended for the year 2022, consistent with 2021[172]. - The Company had distributable reserves of approximately RMB605.8 million in capital reserve and RMB86.7 million in statutory reserve funds as of December 31, 2022[182]. - The retained earnings as of December 31, 2022, were approximately RMB 128.3 million, a slight decrease from RMB 132.8 million in 2021[188].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概 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佈全部或 任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 北京北大青鳥環宇科技股份有限公司 BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） （股票編號：08095） 截至二零二二年十二月三十一日止年度 全年業績公佈 北京北大青鳥環宇科技股份有限公司（「本公司」）董事（「董事」）會欣然宣佈本公司及其 附屬公司截至二零二二年十二月三十一日止年度的經審核綜合業績。本公佈載有本公 司二零二二年年度報告全文，符合聯交所GEM證券上市規則（「GEM證券上市規則」）有 關全年業績初步公佈附載資料的相關規定。本公司二零二二年年度報告的印刷版本將 於適當時候寄發予本公司的股東，並可在聯交所網站(www.hkexnews.hk)及本公司網站 (http://www.jbu.com.cn)上查閱。 代表董事會 北京北大青鳥環宇科技股份有限公司 主席 倪金磊 ...

Financial Performance - For the nine months ended September 30, 2022, the company's revenue was RMB 209,295,000, a decrease of 36.2% compared to RMB 328,212,000 in the same period of 2021[9]. - Gross profit for the nine months ended September 30, 2022, was RMB 40,118,000, down 18.4% from RMB 49,184,000 in the previous year[9]. - The profit for the period attributable to the owners of the company was RMB 55,697,000, compared to RMB 54,398,000 in the same period of 2021, reflecting a slight increase of 2.4%[12]. - Total comprehensive income for the period was RMB 63,290,000, an increase of 40.1% from RMB 45,175,000 in the previous year[12]. - The company's operating profit for the nine months ended September 30, 2022, was a loss of RMB 1,774,000, compared to a profit of RMB 12,854,000 in the same period of 2021[9]. - Earnings per share for the nine months ended September 30, 2022, were 8.10 cents, down from 8.78 cents in the same period of 2021[12]. - The company reported other gains and income of RMB 13,911,000 for the nine months ended September 30, 2022, compared to RMB 10,999,000 in the previous year, an increase of 26.4%[9]. - The share of profits of associates was RMB 151,129,000 for the nine months ended September 30, 2022, compared to RMB 134,281,000 in the previous year, reflecting a growth of 12.5%[9]. - The company experienced a significant increase in administrative expenses, which rose to RMB 50,830,000 for the nine months ended September 30, 2022, compared to RMB 44,955,000 in the previous year, an increase of 13.1%[9]. - The total comprehensive income for the period ending September 30, 2022, was RMB 131,067,000, compared to RMB 133,487,000 for the same period in 2021, indicating a slight decrease of about 1.8%[15]. Equity and Reserves - As of September 30, 2022, total equity reached RMB 3,492,082,000, an increase from RMB 3,348,543,000 as of January 1, 2022, reflecting a growth of approximately 4.3%[15]. - The company’s total equity attributable to owners was RMB 3,308,434,000 as of September 30, 2022, an increase from RMB 3,174,947,000 at the beginning of the year, marking a growth of approximately 4.2%[15]. - The company reported retained profits of RMB 5,201,000 as of September 30, 2022, down from RMB 5,543,000 at the beginning of the year, representing a decline of approximately 6.2%[15]. - The capital reserve increased to RMB 605,810,000 as of September 30, 2022, from RMB 605,807,000 at the start of the year, showing a marginal increase[15]. - The foreign currency translation reserve decreased to RMB (138,810,000) as of September 30, 2022, compared to RMB (61,555,000) at the beginning of the year, indicating a significant decline[15]. Revenue Breakdown - Revenue for the three months ended September 30, 2022, was RMB 124,747,000, a slight decrease of 0.7% compared to RMB 125,686,000 in the same period of 2021[23]. - Revenue from travel and leisure services for the three months ended September 30, 2022, was RMB 46,725,000, up 50.9% from RMB 30,974,000 in 2021[23]. - Sales of metallic products decreased significantly to RMB 66,274,000 in Q3 2022 from RMB 91,978,000 in Q3 2021, representing a decline of 28.1%[23]. - Revenue from the tourism development business for the nine months ended September 30, 2022, was approximately RMB 74 million, a decrease of 12.2% compared to RMB 84.3 million in the same period of 2021, with visitor numbers decreasing by about 8.0%[55]. - Revenue from the trading of metallic products for the nine months ended September 30, 2022, amounted to approximately RMB 106.8 million, representing a significant decrease of 54.7% year-on-year from RMB 236.1 million in 2021, with a gross margin of 2.3%[59]. - Revenue generated from the acquisition of Guangdong Lumen after completion amounted to approximately RMB 21 million, focusing on high-end ceramic high-power LED devices and modules[63]. - Revenue from the winery operation in Virginia was approximately RMB 7.4 million, remaining stable compared to RMB 7.8 million in 2021[63]. Investments and Acquisitions - The company acquired an 80% equity interest in Guangdong Lumen Pioneer Opto Co., Ltd. for RMB 84,486,160 in April 2022, expanding its capabilities in high-end LED devices[37]. - The Group acquired 80% equity interest in Guangdong Lumen for a consideration of RMB 84,486,160, making it a direct non-wholly owned subsidiary[39]. - The Group completed a capital injection of RMB 100 million into Eta Shanghai, acquiring approximately 22.681% equity interest, which is treated as an associate in the financial statements[58]. - The Group entered into a capital increase agreement to inject RMB 100,000,000 into Eta Semiconductor Technology (Shanghai) Co., Ltd.[54]. Governance and Compliance - The company has established an Audit Committee in compliance with GEM Listing Rules to oversee financial reporting and risk management[102]. - The Audit Committee consists of three independent non-executive directors, with Mr. Tang Xuan serving as the chairman[101]. - The company is committed to monitoring its financial reporting system and risk management as part of its internal control systems[100]. - The third quarterly results report is part of the company's ongoing commitment to transparency and accountability in financial disclosures[107]. - The report will remain available on the Stock Exchange's website for at least 7 days from the posting date[105]. - The company has a structured governance framework with a clear delineation of responsibilities among its board members[104]. Market Conditions and Future Outlook - The performance of the Group's business will continue to be affected by the evolving situation regarding the COVID-19 epidemic and related government policies[66]. - The Group will prudently explore investment projects with promising development potential and carefully assess market opportunities to enhance shareholder returns[67]. - The Group's business performance is expected to be impacted by the ongoing pandemic and government measures in China[71]. - The Group will cautiously explore investment projects with good development potential and carefully assess market investment opportunities[71]. Shareholder Information - As of September 30, 2022, the interests of Directors and Supervisors in the shares of the Company include 205,414,000 shares held through a trust[79]. - Peking University holds approximately 13.21% of the total issued share capital of the Company through 200 million non-listed shares[91]. - Heng Huat Investments Limited has a beneficial interest in 205,414,000 non-listed shares, representing 29.34% of the total issued non-listed shares[89]. - Grand East (H.K.) Limited holds 110,000,000 non-listed shares, accounting for 15.71% of the total issued non-listed shares[89]. - Mongolia Energy Corporation Limited owns 84,586,000 non-listed shares, which is 12.08% of the total issued non-listed shares[89]. - The total number of issued H shares increased from 678,720,000 to 814,464,000 due to the completion of placing new H shares on March 30, 2021[91]. - As of September 30, 2022, no Directors or Supervisors had interests in competing businesses[94]. - The Company has not granted any rights to acquire shares to Directors or Supervisors during the reporting period[83]. - There are no registered interests or short positions in the shares or underlying shares of the Company, other than those disclosed[93]. - The Company has a significant ownership structure involving multiple controlled corporations and beneficial owners[91]. - As of September 30, 2022, no directors or supervisors had interests in any business that competes or may compete with the Group's business[97].

Revenue and Profitability - Revenue for the six months ended June 30, 2022, was RMB 84,548,000, a decrease of 58.3% compared to RMB 202,526,000 for the same period in 2021[10]. - Gross profit for the same period was RMB 10,328,000, down 69.8% from RMB 34,710,000 in 2021[10]. - Profit before tax for the six months was RMB 64,305,000, a decrease of 12.5% from RMB 73,965,000 in the previous year[10]. - Profit for the period was RMB 64,394,000, down 9.8% from RMB 71,228,000 in 2021[10]. - Total comprehensive income for the period was RMB 64,145,000, compared to RMB 48,848,000 in the previous year, indicating a growth of 31.3%[13]. - Total comprehensive income for the period ended June 30, 2022, was RMB 67,777,000, compared to RMB 70,086,000 in the previous year[25]. - Profit attributable to owners of the Company slightly decreased by 0.6% to approximately RMB 71.0 million, compared to RMB 71.4 million in the previous year[125]. Expenses and Losses - The company reported a loss from operations of RMB 11,369,000 for the six months, compared to a profit of RMB 11,474,000 in the same period last year[10]. - Administrative expenses for the six months were RMB 27,678,000, a decrease of 5.4% from RMB 29,250,000 in 2021[10]. - The Group recorded an operating loss of approximately RMB 11.4 million, compared to an operating profit of approximately RMB 11.5 million for the same period in 2021[125]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 4,392,797,000, an increase from RMB 4,276,863,000 as of December 31, 2021[19]. - Non-current assets increased to RMB 3,933,853,000 as of June 30, 2022, from RMB 3,789,057,000 as of December 31, 2021[19]. - Current liabilities decreased to RMB 682,607,000 as of June 30, 2022, from RMB 759,909,000 as of December 31, 2021[19]. - Net assets as of June 30, 2022, were RMB 3,428,792,000, compared to RMB 3,348,543,000 as of December 31, 2021[22]. - The total outstanding borrowings amounted to approximately RMB 675.4 million, with secured loans of RMB 652.7 million and unsecured loans of RMB 22.7 million[154]. - The gearing ratio as of June 30, 2022, was 21.9%, a decrease from 22.9% as of December 31, 2021[153]. Cash Flow - For the six months ended June 30, 2022, net cash generated from operating activities was RMB 99,272,000, a significant increase from RMB 3,622,000 in the same period of 2021[29]. - Net cash used in investing activities for the same period was RMB (38,937,000), compared to RMB (73,976,000) in 2021, indicating improved investment efficiency[29]. - The net increase in cash and cash equivalents for the six months ended June 30, 2022, was RMB 25,859,000, down from RMB 35,510,000 in 2021[29]. - The company reported a cash and cash equivalents balance of RMB 123,126,000 at the end of the period, down from RMB 153,762,000 at the end of June 2021[29]. Segment Performance - Revenue from the sale of wine and related products for the three months ended June 30, 2022, was RMB 15,613,000, a decrease of 49% compared to RMB 30,969,000 in the same period of 2021[43]. - Revenue from trading of metallic products decreased by 71.9% year-on-year to approximately RMB 40.6 million for the six months ended June 30, 2022[137]. - Revenue from the tourism development business was approximately RMB 27.3 million, representing a decrease of 48.8% from RMB 53.3 million in 2021[130]. Investments and Acquisitions - The company acquired an 80% equity interest in Guangdong Lumen Pioneer Opto Co., Ltd. for RMB 84,486,160 in April 2022, expanding its portfolio in high-end LED devices[103]. - The fair value of identifiable net assets acquired from Guangdong Lumen was RMB 62,362,000, including goodwill of RMB 34,596,000[104]. - The company agreed to inject RMB100,000,000 into Eta Semiconductor Technology (Shanghai) Co., Ltd., acquiring approximately 22.681% equity interest[135]. Shareholder Information - As of June 30, 2022, Peking University holds 200,000,000 shares, representing approximately 28.57% of the total issued non-listed shares and 13.21% of the total issued shares[197]. - Beida Asset Management Co., Ltd. also holds 200,000,000 shares, equating to 28.57% of the total issued non-listed shares and 13.21% of the total issued shares[197]. - The company has not established any arrangements that would allow directors or supervisors to gain rights in other corporate entities[192]. Employee and Management Costs - Compensation for key management personnel for the six months ended June 30, 2022, was RMB 2,103,000, up from RMB 1,934,000 in the same period of 2021[116]. - Staff costs, including directors' emoluments and retirement benefits, amounted to approximately RMB 26.6 million for the six months ended June 30, 2022, slightly up from RMB 26.4 million in 2021[168].

Financial Performance - Revenue for Q1 2022 was RMB 54,308,000, a decrease of 43.8% compared to RMB 96,151,000 in Q1 2021[9] - Gross profit for Q1 2022 was RMB 3,416,000, down 76.9% from RMB 14,782,000 in Q1 2021[9] - Loss from operations for Q1 2022 was RMB 5,793,000, compared to a profit of RMB 3,117,000 in Q1 2021[9] - Profit for the period in Q1 2022 was RMB 12,013,000, a decrease of 23.5% from RMB 15,637,000 in Q1 2021[9] - Total comprehensive income for Q1 2022 was RMB 3,632,000, down 82.7% from RMB 21,024,000 in Q1 2021[11] - Earnings per share for Q1 2022 was 1.03 cents, compared to 1.17 cents in Q1 2021[13] - Other gains and income for Q1 2022 amounted to RMB 3,824,000, slightly up from RMB 3,616,000 in Q1 2021[9] - Administrative expenses decreased to RMB 12,531,000 in Q1 2022 from RMB 14,524,000 in Q1 2021, a reduction of 13.7%[9] - Finance costs increased to RMB 6,471,000 in Q1 2022 from RMB 4,202,000 in Q1 2021, an increase of 54.1%[9] Equity and Reserves - As of March 31, 2022, total equity amounted to RMB 3,352,175, an increase from RMB 3,348,543 as of January 1, 2022[16] - The retained profits as of March 31, 2022, were RMB 169,970, up from RMB 148,695 as of March 31, 2021[16] - The company’s share capital increased from RMB 137,872 on January 1, 2021, to RMB 151,446 by March 31, 2022[16] - The capital reserve as of March 31, 2022, was RMB 605,810, showing a slight increase from RMB 605,519 as of January 1, 2021[16] Business Operations - The principal activities of the company include investment holding and the development of travel and leisure business, as well as production and sales of wine and related products[19] - Revenue from the tourism development business was approximately RMB 11.7 million, representing a decrease of 47.8% from RMB 22.4 million in 2021[52] - The number of tourists visiting Hengshan Mountain scenic area decreased by about 41% for the three months ended March 31, 2022[52] - Revenue from the trading of metallic products amounted to approximately RMB 40.6 million, representing a decrease of 43.3% year-on-year from RMB 71.6 million[57] - The gross margin for the metallic products trading business was 2.0%, slightly down from 2.2% in 2021[57] - Revenue generated from the winery remained stable at approximately RMB 2.1 million, compared to RMB 2.2 million in 2021[57] Investments and Acquisitions - The company acquired an 80% equity interest in Guangdong Lumen for RMB 84,486,160, which will expand its business into high-end ceramic high-power LED devices[60] - The net proceeds from the placing completed on March 30, 2021, allocated approximately 80% for potential mergers and acquisitions and/or development of new businesses[66] - As of March 31, 2022, the utilized net proceeds for potential mergers and acquisitions amounted to RMB 45.4 million, with RMB 8.9 million used for working capital[69] - The balance of unutilized net proceeds was approximately RMB 2.5 million, expected to be used by June 2022[70] Shareholding Structure - As of March 31, 2022, Ms. Zhou Min holds 205,414,000 non-listed shares, representing approximately 29.34% of the total number of issued non-listed shares and 13.56% of the total issued shares[75] - Peking University has a controlled corporation interest of 200,000,000 non-listed shares, accounting for 28.57% of the total number of issued non-listed shares and 13.21% of the total issued shares[85] - Beida Asset Management Co., Ltd. also holds 200,000,000 non-listed shares, representing 28.57% of the total number of issued non-listed shares and 13.21% of the total issued shares[85] - Beijing Beida Jade Bird Software System Co., Ltd. possesses 200,000,000 non-listed shares, which is 28.57% of the total number of issued non-listed shares and 13.21% of the total issued shares[85] - Beida Microelectronics Investment Limited has an interest in 200,000,000 non-listed shares, equating to 28.57% of the total number of issued non-listed shares and 13.21% of the total issued shares[85] - Gifted Pillar Limited holds 200,000,000 non-listed shares, representing 28.57% of the total number of issued non-listed shares and 13.21% of the total issued shares[85] - Rainbow Mountain Holdings Limited has an interest in 200,000,000 non-listed shares, accounting for 28.57% of the total number of issued non-listed shares and 13.21% of the total issued shares[85] - Beijing Rainbow Mountain Sci-Tech Development Co., Ltd. is the beneficial owner of 200,000,000 non-listed shares, which is 28.57% of the total number of issued non-listed shares and 13.21% of the total issued shares[85] Corporate Governance - The Audit Committee has been established to monitor financial reporting and risk management systems[102] - The Audit Committee consists of four independent non-executive Directors, with Mr. Tang Xuan as the chairman[106] - The committee reviewed the Group's first quarterly results report for the three months ended March 31, 2022[106] - The report will be available on the GEM website for at least 7 days from the posting date[105] Compliance and Accounting - The company has not early applied new and revised HKFRSs that are not yet effective for the financial year beginning January 1, 2022, and is assessing their potential impact[21] - The condensed consolidated financial statements for the first quarter of 2022 are unaudited but have been reviewed by the audit committee[22] - The accounting policies adopted for the first quarter of 2022 are consistent with those used in the annual audited financial statements for the year ended December 31, 2021[23] - The Company has not disclosed any new product developments or market expansions in the provided documents[90]

Investment Strategy - The Group completed capital injection into two enterprises, enhancing its financial assets at fair value through other comprehensive income[24]. - New investments focus on semiconductor and new material technology, including sales of semiconductor materials and equipment[24]. - The Group aims to improve operational efficiency and cost structure to promote profitability[25]. - The overall outlook for the industries remains challenging, prompting a prudent investment strategy[25]. - The Group actively expanded its investment holding business, completing investments in two companies in the semiconductor and new materials technology sectors[27]. - The Group will maintain a prudent investment strategy, seeking valuable investment opportunities for stable development and shareholder returns[27]. - The Group will prudently explore investment projects with promising development potential to create better returns for shareholders[66]. - The Group plans to cautiously explore investment opportunities with good development potential while monitoring the performance of its main businesses[69]. - The Group's significant investments include a 6.24% equity interest in Shanghai Xianyao valued at approximately RMB149.8 million, which is 3.5% of total assets, with a fair value increase of approximately RMB49.8 million during the year[115]. Financial Performance - The Group's total revenue for the year ended December 31, 2021, amounted to approximately RMB 394.6 million, a decrease of 15.8% compared to 2020[74]. - Profit attributable to owners of the Company increased by 147.8% to approximately RMB 159.0 million for the year ended December 31, 2021[74]. - The Group maintained a steady gross profit margin of approximately 15% for the year ended December 31, 2021[74]. - For the year ended December 31, 2021, the tourism development business recorded revenue of approximately RMB 110.8 million, representing an increase of 13.8% compared to 2020[67]. - Revenue from the trading of metallic products decreased by 22.5% year-on-year to approximately RMB 273.6 million for the year ended December 31, 2021[73]. - The total assets of the investment holding business increased by 15.6% to approximately RMB 3,172.9 million as of December 31, 2021[68]. - The Group's net assets as of December 31, 2021, were approximately RMB 3,348.5 million, an increase from RMB 3,104.8 million in 2020[100]. - The Group's working capital was reported at RMB11.4 million, with RMB8.0 million utilized and RMB3.4 million unutilized[111]. - The Group's liquidity management involves regular monitoring of current and expected liquidity requirements to ensure sufficient cash reserves for both short-term and long-term needs[89]. Operational Efficiency - The Group plans to continue consolidating existing business development while improving operational efficiency and cost structure to enhance profitability[27]. - The Group's operational risks include potential adverse adjustments in local authority policies related to the tourism industry[82]. - The Group maintains strict control over outstanding trade receivables and regularly monitors customer credit terms to mitigate credit risk[89]. - The Group's exposure to interest rate risk is limited and arises from bank deposits and loans, varying with prevailing market conditions[89]. - The decrease in current ratio and increase in gearing ratio were mainly due to raising additional bank and other loans for business operations during the year[75]. Employee and Workforce Management - The Group expresses gratitude to employees for their contributions during the year[26]. - The Group's staff costs, including directors' emoluments and retirement benefits, amounted to approximately RMB60.5 million for the year ended December 31, 2021, an increase from RMB54.0 million in 2020[124]. - The Group's workforce increased by 10% to 520 employees by the end of the reporting year[123]. - The Group strictly adheres to applicable labor laws and regulations, providing competitive compensation packages and sufficient training for employees[127]. - The management team is committed to maintaining good relationships with employees and fostering a positive work environment[127]. Tourism Development - The number of tourists visiting the Hengshan Mountain scenic area increased by approximately 12% for the year ended December 31, 2021, due to the stabilization of the COVID-19 epidemic[32]. - The service utilization rate of the Group's environmental bus service remained stable at 91% for the year ended December 31, 2021[32]. - The Group's tourism area was temporarily closed from August 8 to August 23, 2021, due to government measures against the COVID-19 epidemic[32]. - The Group's tourism development business performance is expected to be affected by the evolving situation regarding the COVID-19 epidemic[65][66]. - The tourism development business includes providing environmental shuttle bus services and property management services in Hunan Province[31]. Corporate Governance and Compliance - The board of directors includes experienced professionals with backgrounds in technology and finance, enhancing the company's strategic direction[130][135]. - The Group is committed to maintaining high environmental standards and complies with relevant laws regarding emissions and waste management[92]. - The Group operates environmental buses equipped with anti-smoking devices and does not use heavy-duty diesel to reduce pollution[92]. - The Group has established good relationships with customers, primarily tourists and trading partners in metallic products, ensuring quality service delivery[94]. - The Group maintains a close relationship with key suppliers and has regulated procurement procedures to ensure quality and stable pricing[95]. Future Outlook and Guidance - The company provided a forward-looking guidance of 10% revenue growth for the next fiscal year, projecting revenues to reach approximately 1.65 billion RMB[139]. - The company is focused on expanding its market presence and developing new products and technologies[128]. - A strategic acquisition of a local tech firm was announced, aimed at bolstering the company's R&D capabilities in semiconductor technology[139]. - The company plans to invest 200 million RMB in research and development for new technologies in the upcoming fiscal year[139]. - A new marketing strategy focusing on digital channels is expected to increase customer acquisition by 30% over the next year[139].

Financial Performance - Revenue for the nine months ended September 30, 2021, was RMB 328,212,000, a decrease of 7.2% compared to RMB 353,733,000 for the same period in 2020[9] - Gross profit for the nine months ended September 30, 2021, was RMB 49,184,000, representing an increase of 0.7% from RMB 48,860,000 in the previous year[9] - Profit for the period for the nine months ended September 30, 2021, was RMB 125,626,000, down 32.8% from RMB 186,739,000 in the same period of 2020[9] - Profit before tax for the nine months ended September 30, 2021, was RMB 129,029,000, a decrease of 33.5% compared to RMB 194,030,000 for the same period in 2020[9] - Earnings per share for the nine months ended September 30, 2021, was 8.78 cents, down from 13.18 cents in the previous year[11] - Other gains and income for the nine months ended September 30, 2021, totaled RMB 10,999,000, a significant decrease from RMB 102,906,000 in the same period of 2020[9] - The total comprehensive income for the period attributable to owners of the Company was RMB 115,047,000, compared to RMB 197,109,000 in the previous year[11] - The company reported a total comprehensive income for the period of RMB 56,862, compared to RMB 115,047 in the previous period, indicating a decrease of about 50.5%[14] - Total revenue for the nine months ended September 30, 2021, was RMB 236,073,000, down 28.0% from RMB 328,212,000 in the same period of 2020[31] - Profit attributable to owners of the Company decreased by 28.9% to approximately RMB 129.2 million, down from RMB 181.8 million in 2020[63] - The decrease in profit was mainly due to the absence of a gain on disposal of a subsidiary, which was approximately RMB 92.5 million in the corresponding period of 2020[63] Expenses and Costs - Administrative expenses for the nine months ended September 30, 2021, were RMB 44,955,000, down from RMB 49,616,000 in the previous year[9] - Finance costs for the nine months ended September 30, 2021, increased to RMB 18,215,000 from RMB 15,583,000 in the same period of 2020[9] Revenue Breakdown - Revenue from contracts with customers is primarily derived from the transfer of goods and services at a point in time, with certain travel and leisure services recognized over time[30] - Revenue from travel and leisure services for Q3 2021 was RMB 30,974,000, down 30.8% from RMB 44,667,000 in Q3 2020[31] - Revenue from sales of wine and related products for Q3 2021 was RMB 2,734,000, a decrease of 18.9% compared to RMB 3,371,000 in Q3 2020[31] - Revenue from sales of metallic products for Q3 2021 was RMB 91,978,000, a decline of 26.8% from RMB 125,686,000 in Q3 2020[31] - Revenue from the Group's trading of metallic products amounted to approximately RMB236.1 million, a decrease of 15.3% year-on-year from RMB278.7 million in 2020[77] - The gross margin for the metallic products trading business was 2.2%, slightly down from 2.4% in 2020[77] - The Group's winery, The Winery at la Grange, generated revenue of approximately RMB7.8 million, remaining stable compared to RMB8.2 million in 2020[78] - For the nine months ended 30 September 2021, the Group's tourism development business recorded revenue of approximately RMB84.3 million, representing an increase of 26.1% compared to RMB66.8 million in the corresponding period of 2020[14] Equity and Investments - As of September 30, 2021, total equity reached RMB 3,311,098, an increase from RMB 3,104,836 as of January 1, 2021, reflecting a growth of approximately 6.67%[14] - The company acquired a subsidiary during the period, contributing RMB 34,358 to total equity[14] - The Group acquired a 2% equity interest in Chuanqi Cultural for RMB 1 in cash and a capital contribution commitment of RMB 1,400,000 in June 2021[65] - Following the acquisition, the Group held a total of 51% indirect interest in Chuanqi Cultural, which became a subsidiary[65] - The net assets disposed of from Chuanqi Tourism were valued at RMB 132.57 million during its sale[59] - The gain on disposal of Chuanqi Tourism was RMB 92.487 million, with the consideration being RMB 172.029 million[59] - The Company agreed to inject RMB100 million into Shanghai Xianyao, acquiring approximately 6.80% equity interest in the company[71] - The Company also agreed to inject RMB50 million into Eta Semiconductor Technology, acquiring approximately 10.00% equity interest[75] Shareholder Information - The company reported that the interests of directors and supervisors in shares included 205,414,000 shares, representing approximately 29.34% of the total issued shares[102] - Peking University and its controlled corporations hold an interest of 200,000,000 shares, accounting for approximately 28.57% of the total issued shares[110] - The total number of issued H shares increased from 678.72 million to 814.46 million due to the completion of a placing of new H shares on March 30, 2021[119] - Grand East (H.K.) Limited owns 110 million non-listed shares, representing approximately 15.71% of the total issued non-listed shares[116] - Heng Huat Investments Limited has a controlled interest in 205.41 million non-listed shares, accounting for 29.34% of the total issued non-listed shares[116] - Mongolia Energy Corporation holds 84.59 million non-listed shares, which is approximately 12.08% of the total issued non-listed shares[116] - Asia Investment Fund Co. Ltd. owns 126.23 million H shares, representing 15.50% of the total issued H shares[116] Corporate Governance - The Audit Committee has reviewed the Group's third quarterly results report for the nine months ended September 30, 2021, and agreed on its contents[129] - The Company has established the Audit Committee in compliance with GEM Listing Rules, focusing on financial reporting and risk management[128] - The Company is committed to maintaining the independence of external auditors as advised by the Audit Committee[128] - The Company has not reported any conflicts of interest with its Directors as of the reporting date[125] - No Directors or their associates have any interests in businesses that compete or may compete with the Group as of September 30, 2021[125] - The Company has not purchased, redeemed, or sold any of its listed securities during the nine months ended September 30, 2021[123] - The Company has no competing interests from Directors and Supervisors as of September 30, 2021[122] - The report was issued on November 8, 2021, by the Chairman, Mr. Ni Jinlei[135]