Financial Performance - For the six months ended September 30, 2024, the company reported a loss attributable to owners of approximately RMB 9,400,000, compared to a loss of RMB 11,000,000 for the same period in 2023, representing a 14.55% improvement[7]. - The company recorded no revenue for both the six months ended September 30, 2024, and 2023[8]. - The basic loss per share for the six months ended September 30, 2024, was approximately RMB 2.04, compared to RMB 2.45 for the same period in 2023, indicating a 16.73% reduction in loss per share[10]. - The total comprehensive loss for the period attributable to owners was RMB 9,393,000 for the six months ended September 30, 2024, compared to RMB 10,967,000 for the same period in 2023[13]. - The company recorded a total loss of RMB 9,393,000 for the six months ended September 30, 2024, compared to a loss of RMB 10,967,000 for the same period in 2023, indicating a 14% improvement[33]. - The company incurred financing costs of RMB 1,843,000 for the six months ended September 30, 2024, down from RMB 3,348,000 in the same period of 2023[41]. - Foreign exchange gains amounted to RMB 46,000 for the six months ended September 30, 2024, a significant improvement from a loss of RMB (1,277,000) in the same period of 2023[40]. Assets and Liabilities - The total assets less current liabilities as of September 30, 2024, amounted to RMB 63,689,000, down from RMB 81,470,000 as of March 31, 2024[15]. - Non-current liabilities, specifically other loans, decreased from RMB 41,348,000 as of March 31, 2024, to RMB 32,341,000 as of September 30, 2024[15]. - The company’s current assets decreased from RMB 66,860,000 as of March 31, 2024, to RMB 52,528,000 as of September 30, 2024[15]. - As of September 30, 2024, total assets amounted to RMB 93,533,000, with renewable energy product sales contributing RMB 47,205,000 and integrated services for new energy power systems contributing RMB 45,413,000[35]. - Total liabilities as of September 30, 2024, were RMB 62,185,000, with renewable energy product liabilities at RMB 1,247,000 and integrated services liabilities at RMB 839,000[35]. - The current ratio as of September 30, 2024, was approximately 1.8, down from 3.2 as of March 31, 2024, indicating a decrease in liquidity but still maintaining a healthy level[86]. - The debt-to-asset ratio as of September 30, 2024, was approximately 66.5%, an increase from 60.9% as of March 31, 2024[87]. Cash Flow and Investments - As of September 30, 2024, the company reported a net cash inflow from operating activities of RMB 6,517,000, compared to RMB 4,267,000 for the same period in 2023, representing a 53% increase[21]. - The company raised new loans amounting to RMB 1,191,000 during the financing activities, a decrease from RMB 4,697,000 in the previous year[21]. - The company incurred a total investment cash outflow of RMB 5,769,000, a reduction from RMB 9,041,000 in the previous year, reflecting a 36% decrease[21]. - The company made payments of approximately RMB 5,685,000 for construction in progress during the review period, compared to RMB 9,046,000 in the same period of 2023[49]. Revenue Generation - The company did not report any revenue from external customers for renewable energy products or new energy power system integration services for the six months ended September 30, 2024[33]. - The company’s total revenue for the six months ended September 30, 2024, was not specified, indicating a potential focus on cost management rather than revenue generation[27]. - The group did not generate any revenue from renewable energy product sales for the six months ended September 30, 2024, consistent with the same period in 2023[73]. Strategic Initiatives - The group has entered into an EPC contract to construct a storage power station in Henan, which is expected to contribute to future revenue streams[74]. - The group has established a cooperation agreement to supply electricity from a power station to project partners, which will be recognized as revenue[74]. - The company is actively pursuing new business opportunities in mainland China, focusing on green energy transformation in rural areas[120]. - The company has acquired two new renewable energy projects in Hong Kong with a total installed capacity of 554.72 kW, expected to generate revenue soon[121]. - The company plans to construct a 30 MW/180 MWh energy storage station in Henan Province, pending land lease finalization[120]. - The company will continue to explore new revenue sources in line with national renewable energy development strategies[121]. Corporate Governance - The Audit Committee has reviewed and approved the unaudited consolidated results for the first half of 2024[132]. - The company has adopted a code of conduct for securities trading in compliance with GEM Listing Rules[141]. - The company has complied with all provisions of the corporate governance code during the first half of 2024, except for a deviation regarding the separation of roles of the Chairman and CEO[142]. - The company will continue to review the effectiveness of its current structure regarding the roles of the Chairman and CEO[143]. - The company has established various committees, including the Remuneration Committee and Nomination Committee, to oversee governance and management practices[134][136]. - As of September 30, 2024, there are no controlling shareholders of the company[138]. Share Capital and Stock Options - The company’s issued share capital as of September 30, 2024, includes significant holdings by executive directors, with Huang Bo holding 19.52%[123]. - Ms. Li Yanyan holds 59,094,406 shares, representing approximately 12.82% of the company's issued share capital[128]. - Mr. Hou Xiaobing holds 26,228,000 shares, representing approximately 5.69% of the company's issued share capital[128]. - The company has a stock option plan that has been effective since August 26, 2014, and will remain valid for ten years until August 20, 2024[105]. - Under the stock option plan, a maximum of 30% of the company's issued share capital can be allocated for options that have been granted but not exercised[108]. - The stock option plan allows for the issuance of up to 12,676,257 shares at an exercise price of HKD 0.11, with a fair value of approximately RMB 619,000 calculated using a binomial option pricing model[114]. - No stock options were exercised, canceled, or lapsed during the reporting period, allowing for the issuance of a total of 12,676,257 shares under the granted options[115]. - The company issued HKD 32,000,000 of convertible bonds, convertible into 12,800,000 shares at an initial conversion price of HKD 2.5 per share[116]. - As of December 20, 2023, the company fully exercised the convertible bonds and issued 12,800,000 shares[117].

Financial Liabilities and Assets - The group measures lease liabilities at the present value of unpaid lease payments, using the implicit interest rate of the lease for discounting[10]. - Financial assets are initially measured at fair value, with trade receivables from customer contracts measured according to HKFRS 15[29]. - The group holds financial assets with the aim of recovering contract cash flows, and all other financial assets are subsequently measured at fair value through profit or loss[30]. - Financial liabilities are classified as either debt or equity based on the nature of the contractual arrangements[60]. - The company uses the effective interest method to measure financial liabilities at amortized cost or at fair value through profit or loss[62]. Tax Liabilities and Assets - Deferred tax liabilities and assets are measured based on the expected tax consequences of recovering or settling the carrying amounts of assets and liabilities as of the reporting date[18]. - The group applies HKAS 12 to lease transactions related to tax deductions attributable to lease liabilities[24]. - The group recognizes deferred tax assets only when it is probable that sufficient taxable profits will be available to utilize the temporary differences[23]. Credit Risk and Expected Credit Losses - The company recognizes expected credit losses for receivables and contract assets over their expected lifetime, using a provision matrix based on historical credit loss experience[34]. - As of March 31, 2024, the company monitors credit risk indicators to determine if there has been a significant increase in credit risk since initial recognition[36]. - The company assesses whether the credit risk of financial instruments has significantly increased by comparing the risk of default at the reporting date to that at initial recognition[35]. - If a financial asset is determined to no longer meet the criteria for lifetime expected credit losses, the company measures the loss provision at an amount equal to the 12-month expected credit losses[42]. - The expected credit loss provision for receivables is sensitive to estimation changes, indicating potential financial risks[102]. - The company will write off financial assets when there is evidence that the debtor is in severe financial difficulty and recovery is unlikely[57]. - Expected credit losses are calculated as the difference between the contractual cash flows due and the cash flows the company expects to receive[58]. Revenue and Growth Projections - The company reported a significant increase in revenue, with a year-over-year growth of 15% in the last fiscal year[1]. - User data indicates a total of 5 million active users, representing a 20% increase compared to the previous year[2]. - The company projects a revenue growth of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[3]. - The company has introduced a new product line that is anticipated to contribute an additional $50 million in revenue over the next year[7]. - The gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management and pricing strategies[8]. Market Expansion and Strategic Initiatives - Investment in R&D for new technologies has increased by 25%, focusing on renewable energy solutions[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[5]. - A strategic acquisition of a competitor is expected to enhance the company's product offerings and increase overall market competitiveness[6]. - Future guidance includes a focus on sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[10]. - The company aims to explore new opportunities in renewable energy product sales and new energy power system integration services[143]. Share Capital and Management Changes - As of March 31, 2024, the company had issued a total of 460,976,684 ordinary shares with a par value of HKD 0.5 each[111]. - Mr. Huang Bo, an executive director, holds 86,825,934 shares, representing approximately 18.84% of the issued share capital[110]. - Ms. Li Yanyan is a beneficial owner of 59,094,406 shares, accounting for approximately 12.82% of the issued share capital[114]. - The company has established a share option scheme effective from August 26, 2014, which will remain valid for ten years until August 20, 2024[115]. - The share option scheme allows for the issuance of shares not exceeding 30% of the company's issued share capital upon exercise of options granted[116]. - Two executive directors, Zhao Dongping and Yuan Qinglan, resigned on December 12, 2023, to pursue other business commitments[120]. - The company appointed Huang Bo as the executive director and chairman on December 12, 2023[123]. - Zhang Jinhua was appointed as an executive director on February 8, 2024, bringing experience from renewable energy and financial services[124]. - The board of directors includes independent non-executive directors Zhang Dingjian and Qiao Wencai, both appointed on December 12, 2023[131]. - The financial management team, led by CFO Xie Wenjie, has over 25 years of experience in accounting and financial management[126]. - The company emphasizes its commitment to corporate governance with a diverse board composition[131]. - The new appointments are expected to enhance the company's strategic direction and operational efficiency[124]. Operational Performance and Challenges - The group recorded a loss attributable to owners of approximately RMB 47.2 million for the year ending December 31, 2024, compared to a loss of RMB 25.1 million in 2023, indicating a significant increase in losses[143]. - For the fiscal year ending March 31, 2024, the company recorded no revenue from renewable energy product sales, a decrease of 100% compared to RMB 42,500,000 for the fiscal year ending March 31, 2023[163]. - The company has not engaged in any significant investments, acquisitions, or disposals of subsidiaries during the fiscal year ending March 31, 2024[165]. - The company has established a loan obligation of approximately RMB 22,800,000 to a director's family member, with an annual interest rate of 12%[164]. - The company has not utilized any financial instruments for hedging as of March 31, 2024[187]. Strategic Partnerships and Future Outlook - The company plans to supply electricity from photovoltaic and wind power stations to project partners, with pricing set below market rates[167]. - The group will construct, own, and operate power stations on the idle land of project partners, which is expected to generate stable long-term revenue due to high daily electricity consumption by the partners[192]. - The project partners are strategic customers with significant energy needs from their numerous mines and smelting plants in China, potentially becoming a major revenue source for the group[193]. - The company expects to continue supplying electricity generated from the power stations to project partners for revenue generation in the coming years[192]. - The strategic partnership with project partners is expected to enhance the company's revenue stability due to their high energy demands[193].

董事已審閱管理層編製的當前績效及現金流量預測，作為評估本集團持續經營能力的一部分，且於仔 細考慮下文所述事項後，董事合理預期本集團自報告期末起計至少未來十二個月內能夠持續經營並履 行其到期義務，與以下事項有關： 截至二零二四年三月三十一日止年度 (c) 於二零二四年三月三十一日，本集團擁有約人民幣45,724,000元的流動資產淨值；及 截至二零二四年三月三十一日止年度 綜合財務報表包括本公司及由本公司及其附屬公司控制之實體之財務報表。 尤其是，附屬公司收入及開支自本集團取得控制權當日起計入綜合損益及其他全面收益表，直至本集 團不再控制附屬公司之日為止。 附屬公司的非控股權益從本集團權益中獨立呈列，於清盤後相當於其持有人有權按比例分佔相關附屬 公司資產淨值之現存所有權權益。 3. 綜合財務報表及重大會計政策資料之呈列及編製基準（續） 綜合基準（續） 倘本集團失去一間附屬公司的控制權，則(i)於失去控制權當日終止確認該附屬公司資產（包括任何商譽）及負 債之賬面值，(ii)於失去控制權當日終止確認於前附屬公司之任何非控制權益之賬面值（包括彼等應佔其他全 面收益部分），及(iii)確認已收代價的公平值總額與任何保留 ...

Financial Performance - For the six months ended September 30, 2023, the company reported a loss attributable to owners of approximately RMB 11,000,000, compared to a loss of RMB 7,200,000 for the same period in 2022, representing an increase in loss of approximately 52.8%[5] - The company recorded no revenue for the first half of 2023, a decrease of 100.0% compared to revenue of approximately RMB 42,500,000 in the first half of 2022[5] - The basic loss per share for the first half of 2023 was approximately RMB 2.45, compared to RMB 1.61 for the same period in 2022, indicating a deterioration in performance[7] - The company reported a total loss before tax of RMB 10,967,000 for the six months ended September 30, 2023, compared to a loss of RMB 6,733,000 in the same period of 2022, reflecting an increase in losses of 63.3%[23] - For the six months ended September 30, 2023, the company reported a loss attributable to owners of the company of RMB 10,967,000, compared to a loss of RMB 7,196,000 for the same period in 2022, representing an increase of approximately 52.5%[35] - The basic and diluted loss per share for the six months ended September 30, 2023, was RMB 2.45, compared to RMB 1.61 for the same period in 2022, indicating a 52.3% increase in loss per share[35] Assets and Liabilities - As of September 30, 2023, total assets less current liabilities amounted to RMB 48,621,000, down from RMB 59,876,000 as of March 31, 2023, reflecting a decrease of approximately 19.0%[12] - The company's net current assets as of September 30, 2023, were RMB 20,164,000, a significant decrease from RMB 40,047,000 as of March 31, 2023, indicating a decline of approximately 49.8%[12] - Total equity attributable to owners of the company decreased to RMB 48,483,000 as of September 30, 2023, from RMB 59,450,000 as of March 31, 2023, representing a decline of approximately 18.4%[12] - Total assets as of September 30, 2023, were RMB 135,613,000, a decrease of 4% from RMB 142,045,000 as of March 31, 2023[24] - Total liabilities as of September 30, 2023, were RMB 87,130,000, an increase of 5.7% from RMB 82,595,000 as of March 31, 2023[26] - The debt-to-asset ratio as of September 30, 2023, was approximately 64.2%, up from 58.1% as of March 31, 2023[66] Revenue and Profitability - The company reported no gross profit margin for the first half of 2023, compared to a gross profit margin of approximately 5.2% for the first half of 2022[6] - Revenue from renewable energy product sales for the six months ended September 30, 2023, was RMB 0, down from RMB 42,510,000 in the same period of 2022, representing a 100% decline[21] - The company did not recognize any revenue from external customers in the renewable energy segment for the six months ended September 30, 2023, compared to RMB 42,510,000 in the same period of 2022[23] - The gross profit margin for the six months ended September 30, 2023, was 0%, compared to approximately 5.2% for the same period in 2022[53] Expenses - The company’s administrative expenses for the first half of 2023 were RMB 6,347,000, an increase from RMB 4,629,000 in the same period of 2022, reflecting an increase of approximately 37.1%[10] - The company incurred financing costs of RMB 3,348,000 for the six months ended September 30, 2023, compared to RMB 1,176,000 for the same period in 2022, reflecting an increase of approximately 184.4%[29] - The company has no sales expenses for the six months ended September 30, 2023, a decrease of 100% from RMB 67,000 for the same period in 2022[54] Cash Flow - Net cash generated from operating activities for the six months ended September 30, 2023, was RMB 4,267,000, a decrease of 67.6% compared to RMB 13,189,000 in the same period of 2022[16] - Total cash used in investing activities for the six months ended September 30, 2023, was RMB 9,041,000, compared to RMB 19,279,000 in the same period of 2022, indicating a reduction of 53%[16] - Cash and cash equivalents at the end of the period were RMB 2,936,000, an increase of 69.1% from RMB 1,735,000 at the end of the same period in 2022[16] Share Capital and Ownership - As of September 30, 2023, the company has 448,176,684 ordinary shares issued, with an executive director holding approximately 2.79% of the shares[99] - The company has a total issued and paid-up share capital of RMB 189,876,000 as of September 30, 2023, unchanged from March 31, 2023[50] - Mr. Huang Bo holds 19.37% of the company's shares, making him the largest beneficial owner[101] - Ms. Li Qianyan owns 13.19% of the company's shares, ranking as the second-largest beneficial owner[101] Corporate Governance - The Audit Committee, consisting of three independent non-executive directors, meets at least four times a year to review audit matters and compliance[102] - The company has adopted a code of conduct for securities trading in compliance with GEM Listing Rules[112] - The company has been compliant with all provisions of the corporate governance code during the first half of 2023, with a noted deviation regarding the separation of roles between the Chairman and CEO[113][114] - The Remuneration Committee includes three independent non-executive directors and is responsible for determining the remuneration of directors[105] - The Nomination Committee, also comprising three independent non-executive directors, is tasked with considering suitable candidates for directorship[107] Future Prospects and Projects - The company is actively seeking new opportunities in photovoltaic and wind power projects in various regions of China, with a potential investment of approximately RMB 2.061 billion[53] - The company has entered into a cooperation agreement with its project partner to construct and operate various power generation stations in China, including a 12 MW distributed photovoltaic power station, a 200 MW wind power station, and a 66.8 MW/267.34 MWh energy storage station, with a total investment of approximately RMB 2.061 billion[75] - The energy storage station will allow the company to buy electricity at lower prices during off-peak hours and sell it at higher prices, generating stable long-term revenue due to the high energy demand from the project partner's operations[76] - The project partner is a strategic customer with significant energy needs due to its numerous mining and smelting operations in China, which may provide a consistent revenue source for the company in the future[76] - The company is exploring various power generation projects, including a photovoltaic power station, a wind power station, and an energy storage station, to diversify its product offerings and provide stable revenue sources[92] - The company is currently negotiating a non-binding term sheet for the construction of a photovoltaic power station in Inner Mongolia, which is expected to expand its business scope and provide long-term stable income[93] - The Chinese government aims to achieve a total installed capacity of 1.2 billion kilowatts for wind and solar power by 2030, supporting the development of renewable energy projects[94] - The company will continue to monitor the development of new energy storage solutions and seek opportunities in this diversified business model[96] - The board believes that expanding downstream operations will further diversify the company's product range and enhance its business scale[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（「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，並明確表示不會就本公佈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。 本公佈（中國科技產業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）各董事（「董 GEM GEM 事」）共同及個別對此負全責）乃遵照聯交所 證券上市規則（「 上市規則」）之規定而提 供有關本公司之資料。各董事經作出一切合理查詢後，確認就彼等所知及所信：本公佈所載資 料在各重大方面均屬準確及完整，且無誤導或虛假成分；亦並無遺漏任何其他事實致使本公 佈或本公佈所載任何聲明產生誤導。 （於開曼群島註冊成立之有限公司） 8111 （股份代號： ） 二零二三年中期業績公佈 截至二零二三年九月三十日止六個月 ...

Financial Performance - For the three months ended June 30, 2023, the company reported a loss attributable to owners of approximately RMB 5,400,000, compared to a loss of RMB 3,300,000 for the same period in 2022, representing an increase in loss of 63.6%[3]. - The company recorded no revenue for the three months ended June 30, 2023, a decrease of 100% compared to revenue of approximately RMB 26,900,000 for the same period in 2022[3][11]. - Basic loss per share for the three months ended June 30, 2023, was approximately RMB 1.20, compared to RMB 0.73 for the same period in 2022, indicating a higher loss per share of 64.4%[9]. - The company incurred a pre-tax loss of RMB 5,397,000 for the three months ended June 30, 2023, compared to a pre-tax loss of RMB 2,807,000 in the same period of 2022, representing an increase in losses[23]. - The group reported a pre-tax loss of RMB 5,397,000 for the three months ended June 30, 2023, compared to a loss of RMB 3,270,000 for the same period in 2022, representing a 64.8% increase in loss year-over-year[37]. - Basic and diluted loss per share was RMB (1.20) cents for the three months ended June 30, 2023, compared to RMB (0.73) cents in 2022, indicating a 64.4% increase in loss per share[37]. - The group’s total accumulated losses increased to RMB (224,576,000) as of June 30, 2023, from RMB (219,179,000) as of April 1, 2023[40]. Expenses - Administrative expenses for the three months ended June 30, 2023, were approximately RMB 2,600,000, an increase of 48.5% from RMB 1,800,000 for the same period in 2022[9]. - The company’s administrative expenses increased to RMB 2,626,000 in the three months ended June 30, 2023, from RMB 1,768,000 in the same period of 2022[23]. - Financing costs increased significantly to RMB 1,594,000 in 2023 from RMB 553,000 in 2022, marking a 188.4% rise[32]. - The group’s financing costs included RMB 1,003,000 from convertible bonds and RMB 570,000 from other loan interests for the three months ended June 30, 2023[32]. Revenue and Sales - The gross profit margin for the three months ended June 30, 2022, was approximately 3.1%, while there was no gross profit recorded for the same period in 2023[7]. - The company did not record any sales expenses for the three months ended June 30, 2023, a decrease of 100% from approximately RMB 56,000 for the same period in 2022[9]. - For the three months ended June 30, 2023, the company reported no revenue from its main business activities, compared to RMB 26,907,000 in the same period of 2022[23][28]. Business Development - The company faced significant challenges in obtaining new business contracts due to strict COVID-19 lockdowns in China, which have now been lifted, allowing for renewed business development efforts[18]. - The company is actively seeking new business opportunities in the renewable energy sector following the easing of COVID-19 restrictions in China[18]. - The company is exploring the construction of a photovoltaic power station, a wind power station, and an energy storage station in Henan, China, to diversify its product offerings and provide stable revenue sources[19]. - The company is currently negotiating the remaining specifications for a photovoltaic power station in Inner Mongolia, which is expected to expand its business scope and provide long-term stable income[19]. - The company has signed a non-binding term sheet related to the construction of the photovoltaic power station in Inner Mongolia, indicating progress in its project development[19]. Shareholder Information - Major shareholders include Mr. Huang Bo with 86,825,934 shares (19.37%) and Ms. Li Yanyan with 59,094,406 shares (13.19%) as of June 30, 2023[46]. - The group did not declare any quarterly dividend for the three months ended June 30, 2023, similar to the previous year[39]. - The weighted average number of ordinary shares for calculating basic and diluted loss per share remained unchanged at 448,176,684 shares for both periods[37]. - As of June 30, 2023, the company has issued a total of 448,176,684 ordinary shares with a par value of HKD 0.5 each[48]. Corporate Governance - The audit committee consists of three independent non-executive directors, responsible for reviewing the effectiveness of internal controls and risk management systems[47]. - The board of directors includes four executive directors and three independent non-executive directors as of the report date[52]. - The company has adopted a code of conduct for securities transactions in compliance with GEM Listing Rules[52]. - There were no interests held by directors or their close associates in any competing businesses as of June 30, 2023[49]. Taxation - The group did not incur any income tax expenses in Hong Kong for the three months ended June 30, 2023, consistent with the previous year[34]. - The group’s subsidiaries in China benefited from a reduced corporate income tax rate of 15% under certain conditions, compared to the standard rate of 25%[34].

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，並明確表示不會就本公佈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。 本公佈（中國科技產業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）各董事（「董 GEM GEM 事」）共同及個別對此負全責）乃遵照聯交所 證券上市規則（「 上市規則」）之規定而提 供有關本公司之資料。各董事經作出一切合理查詢後，確認就彼等所知及所信：本公佈所載資 料在各重大方面均屬準確及完整，且無誤導或虛假成分；亦並無遺漏任何其他事實致使本公 佈或本公佈所載任何聲明產生誤導。 （於開曼群島註冊成立之有限公司） 8111 （股份代號： ） 第一季度業績公佈 截至二零二三年六月三十日止三個月 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company reported a loss attributable to owners of approximately RMB 25.1 million, compared to a loss of RMB 3.7 million for the previous year, marking a significant increase in losses [12]. - The company's revenue for the fiscal year was approximately RMB 42.5 million, a decrease of about 41.1% from RMB 72.2 million in the previous year, primarily due to strict COVID-19 restrictions in China [12]. - The gross profit margin for the fiscal year was approximately 5.2%, down from 18.2% in the previous year, reflecting a shift in revenue sources and project complexity [14]. - Basic loss per share for the fiscal year was approximately RMB 5.61, compared to RMB 0.83 in the previous year, indicating a substantial increase in per-share losses [17]. - The company's revenue for the fiscal year ending March 31, 2023, was approximately RMB 42.5 million, a decrease from RMB 72.2 million in the previous year [29]. - Sales expenses were reduced to zero for the fiscal year ending March 31, 2023, a 100% decrease from RMB 400,000 in the previous year [35]. - Administrative expenses increased by 31.4% to RMB 13,700,000 for the fiscal year ending March 31, 2023, compared to RMB 10,400,000 in the previous year [36]. - As of March 31, 2023, the company's cash and bank balances totaled approximately RMB 3,400,000, down from RMB 4,000,000 the previous year [38]. - The current ratio decreased from 2.0 as of March 31, 2022, to 1.5 as of March 31, 2023 [39]. - The debt-to-asset ratio increased from 49.0% as of March 31, 2022, to 58.1% as of March 31, 2023 [39]. - The company has no significant contingent liabilities as of March 31, 2023 [41]. - There were no major investments or acquisitions during the fiscal year ending March 31, 2023 [44]. Business Strategy and Operations - The board remains cautiously optimistic about the company's operations in the coming years, anticipating a stable recovery of the Chinese economy following the easing of COVID-19 restrictions [13]. - The company aims to continue seeking new business and investment opportunities to enhance its market position [13]. - The company plans to establish a solar component manufacturing facility in Hebei to ensure stable supply and improve quality control for its solar-related products [18]. - The company is also exploring the establishment of a distributed wind power station and energy storage system in China, aiming to diversify its product offerings and create stable revenue sources [19]. - The company is focusing on developing its renewable energy product sales and new energy power system integration business to align with China's carbon neutrality goals [29]. - The company is actively seeking new business opportunities in the renewable energy sector to expand its revenue sources and provide returns to shareholders [22]. - The company operates on a project-based model, focusing on fewer but larger projects in the renewable energy sector [26]. - The company is establishing a solar component manufacturing facility in Hebei to ensure stable supply and improve quality control for its key projects [164]. - The company is focused on expanding its market presence and exploring new strategies for growth [164]. - The company is dedicated to environmental, social, and governance (ESG) initiatives as part of its operational strategy [166]. Corporate Governance - The board of directors has maintained a 100% attendance rate for key members during the review period, indicating strong governance and oversight [85]. - The company has adhered to all corporate governance codes during the review period, except for a deviation regarding the separation of the roles of chairman and CEO [76][77]. - The company’s board consists of a mix of executive and independent non-executive directors, ensuring diverse expertise in governance and strategic planning [81][86]. - The company has committed to transparency and accountability in its corporate governance practices, aligning with GEM listing rules [76]. - The company’s management is responsible for preparing accurate financial statements and overseeing the execution of business strategies [80]. - The Audit Committee held five meetings during the review period and reviewed the group's unaudited quarterly and interim results, concluding that the financial statements complied with appropriate accounting standards and provided adequate disclosures [90]. - The Remuneration Committee held one meeting during the review period, focusing on the remuneration policy for directors and senior management, ensuring it aligns with industry standards to attract and retain talent [93]. - The Nomination Committee held one meeting during the review period, evaluating potential director candidates based on the skills and experience necessary for the group's development [94]. - The Corporate Governance Committee held one meeting during the review period, reviewing the company's governance policies and compliance with legal and regulatory requirements [99]. - The attendance rate for the Audit Committee was 100% for all independent non-executive directors during the review period [100]. - The company has established a diversity policy for the board, aiming to select candidates based on a range of diversity criteria while ensuring contributions to the board [97]. - The company has established policies and guidelines for risk management and internal control systems [120]. - The board believes that the group's risk management and internal control systems were sufficient and effective during the review period [126]. Risk Management - The group faces risks related to government policy changes that could impact renewable energy development, despite existing supportive legislation [155]. - The company is at risk of not keeping pace with rapid technological advancements in the renewable energy sector, necessitating ongoing R&D efforts [156]. - The group requires significant funding for future projects and may seek partnerships or financing to mitigate funding risks [159]. - The company does not have long-term sales agreements with major customers, making it crucial to maintain good relationships to avoid significant order reductions [160]. - The group relies on suppliers for renewable energy products, and any price increases or supply disruptions could adversely affect financial performance [163]. - The company has implemented a risk management and internal control system to effectively monitor financial risks, including market, credit, and liquidity risks [164]. Shareholder Information - As of March 31, 2023, the company had issued share capital of 448,176,684 shares, with a par value of HKD 0.5 per share [196]. - Major shareholder Huang Bo holds 86,825,934 shares, representing approximately 19.37% of the company's issued share capital [195]. - The company did not purchase, sell, or redeem any of its shares during the year ended March 31, 2023 [190]. - As of March 31, 2023, executive director Xie Wenjie holds 12,489,469 shares, representing approximately 2.79% of the company's issued share capital [192]. - The company provided loans of up to RMB 7,010,000 and RMB 54,000,000 to Zhangbei Smart Energy, which is controlled by major shareholder Huang [189]. - The company did not declare or pay any interim dividends during the reviewed year, nor did it recommend a final dividend for the year ending March 31, 2023 [147]. - The company has no distributable reserves as of March 31, 2023, consistent with the previous year [149]. Employee Relations - Employee compensation is reviewed annually based on performance and market rates, with additional benefits including medical insurance and performance-linked bonuses [169]. - The company maintains close relationships with employees, customers, and suppliers to meet their current and long-term needs [170]. - As of March 31, 2023, the employee gender ratio in the group is 56.7% male and 43.3% female, with a commitment to maintain a sustainable gender diversity level above 43.3% [145].

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，並明確表示不會就本公佈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。 （於開曼群島註冊成立之有限公司） 8111 （股份代號： ） 年度業績公佈 截至二零二三年三月三十一日止年度 中國科技產業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董 事會」）欣然宣佈本集團截至二零二三年三月三十一日止年度之年度業績。本公佈載列本公司 GEM 截至二零二三年三月三十一日止年度之年報全文，並遵照香港聯合交易所有限公司 證券 GEM 上市規則（「 上市規則」）中有關年度業績初步公佈隨附資料的相關規定。 代表董事會 ...

Financial Performance - For the nine months ended December 31, 2022, the company reported a loss attributable to owners of approximately RMB 2,900,000, compared to a loss of RMB 1,400,000 for the same period in 2021, indicating a significant increase in losses [3]. - The group's revenue for the nine months ended December 31, 2022, was approximately RMB 42,500,000, a decrease of about 37.7% from RMB 68,200,000 for the same period in 2021 [3][8]. - The gross profit margin for the nine months ended December 31, 2022, was approximately 5.2%, down from 12.9% for the same period in 2021 [3][9]. - The basic loss per share for the nine months ended December 31, 2022, was approximately RMB 0.64, compared to RMB 0.32 for the same period in 2021 [3][10]. - The total comprehensive income for the nine months ended December 31, 2022, was RMB 2,886,000, a decrease from RMB 1,390,000 in the same period of 2021 [50]. - The group reported a revenue of RMB 68,240,000 for the nine months ended December 31, 2022, a decrease of 12.5% compared to RMB 78,000,000 for the same period in 2021 [50]. - The gross loss for the nine months ended December 31, 2022, was RMB 2,886,000, compared to a gross profit of RMB 8,773,000 in the same period of 2021, indicating a significant decline [50]. - Basic earnings per share for the nine months ended December 31, 2022, were RMB 0.64, compared to a loss of RMB 0.32 in the same period of 2021 [50]. - For the three months ended December 31, 2022, the company reported a profit attributable to owners of the company of RMB 4,310,000, compared to a loss of RMB 6,911,000 for the same period in 2021 [63]. - The basic and diluted earnings per share for the three months ended December 31, 2022, were RMB 0.96, while for the same period in 2021, it was a loss of RMB 1.54 [63]. Dividends and Shareholder Equity - The company did not recommend the payment of dividends for the nine months ended December 31, 2022, consistent with the previous year [4]. - The company did not declare or propose any dividends for the nine months ended December 31, 2022, consistent with the same period in 2021 [62]. - The total equity attributable to owners of the company as of December 31, 2022, was RMB 81,704,000, down from RMB 86,932,000 as of December 31, 2021 [66]. Expenses and Costs - Sales and marketing expenses for the nine months ended December 31, 2022, were approximately RMB 100,000, a decrease of about 93.6% from RMB 1,600,000 in the previous year [9]. - Administrative expenses for the nine months ended December 31, 2022, were approximately RMB 7,100,000, a decrease of about 9.1% from RMB 7,800,000 in the previous year [10]. - Financing costs for the nine months ended December 31, 2022, amounted to RMB 2,511,000, an increase from RMB 1,837,000 in the same period of 2021 [57]. Business Strategy and Future Outlook - The company remains cautiously optimistic about future operations, anticipating a stable recovery of the Chinese economy in 2023 [9]. - The company intends to continue seeking new business or investment opportunities in the coming years [9]. - The group strategically seeks fewer but larger projects in the renewable energy sector, focusing on solar and wind power [14]. - The group continues to focus on developing renewable energy products and exploring diversified renewable energy combinations in response to changes in energy configuration [14]. - The company is actively seeking opportunities to expand its business and customer base in the renewable energy sector [45]. - The company is considering establishing a distributed wind power station in China to complement its existing renewable energy product sales [47]. - The company aims to enhance quality control of its components through the new production facility, positively impacting sales of solar-related products [45]. - The group emphasized the importance of renewable energy and is exploring new business opportunities in this sector, particularly in energy storage solutions [48]. - The group has noted the establishment of new energy storage pricing mechanisms in various provinces, which aligns with national carbon neutrality goals [48]. - The company is committed to aligning with China's carbon neutrality goals set for 2060, as outlined in government policy documents [47]. Investments and Financing - The group entered into a loan agreement to provide up to RMB 61,010,000 to Zhangbei Smart Energy for short-term operational funding [21]. - The group successfully acquired land for RMB 17,000,000 on April 8, 2022, which constitutes a major transaction under GEM listing rules [24]. - The group issued convertible bonds amounting to HKD 32,000,000 with an initial conversion price of HKD 2.50 per share [25]. - Upon full exercise of the conversion rights attached to the convertible bonds, a maximum of 12,800,000 shares will be issued [29]. - The issuance of convertible bonds will not result in immediate dilution of existing shareholders' equity [35]. - The company is exploring various fundraising methods and considers issuing convertible bonds as a suitable option [35]. Corporate Governance - The audit committee was established on December 13, 2000, and has reviewed and approved the unaudited consolidated results for the nine months ended December 31, 2022 [73]. - There were no controlling shareholders as of the nine months ended December 31, 2022 [75]. - The company and its subsidiaries did not purchase, sell, or redeem any shares during the nine months ended December 31, 2022 [76]. - The company has adopted a code of conduct for securities transactions that complies with GEM Listing Rules [77]. - The board of directors includes executive directors Zhao Dongping (Chairman), Yuan Qinglan, Hu Xin, and Xie Wenjie, along with independent non-executive directors Ma Xingqin, Shan Jinlan, and Wang Zhuchen [77].