Financial Performance - The company reported total revenue of RMB 484.46 million for the fiscal year ending December 31, 2024, compared to RMB 741.37 million in the previous year, representing a decrease of approximately 34.7%[5] - Gross profit for the year was RMB 25.07 million, up from RMB 21.55 million, indicating an increase of about 16.5%[5] - The net profit for the year was RMB 9.87 million, down from RMB 11.48 million, reflecting a decline of approximately 13.2%[6] - Basic earnings per share decreased to RMB 2.32 from RMB 4.55, a drop of about 48.9%[5] - The total comprehensive income for the year was RMB 9.87 million, down from RMB 11.48 million, indicating a decrease of approximately 13.2%[6] Income and Expenses - The company recorded other income and gains of RMB 4.28 million, compared to RMB 4.95 million in the previous year, a decrease of approximately 13.5%[5] - Administrative expenses increased to RMB 14.56 million from RMB 11.29 million, representing a rise of about 29.9%[5] - The company recognized an impairment loss on goodwill of RMB 1.89 million, which was not present in the previous year[5] - Sales and distribution expenses increased from RMB 3,096,000 to approximately RMB 3,581,000, reflecting a growth of about 15.7% due to rising transportation and employee costs[78] - Administrative expenses rose to approximately RMB 14,555,000 for the fiscal year ending December 31, 2024, a 28.9% increase from RMB 11,291,000 for the previous year, driven by higher general administrative costs and legal and professional fees[79] Assets and Liabilities - As of December 31, 2024, total non-current assets amounted to RMB 23,752,000, while in 2023, it was RMB 26,878,000, reflecting a decrease of approximately 7.9%[8] - Current assets increased to RMB 178,674,000 in 2024 from RMB 167,036,000 in 2023, representing a growth of about 6.5%[8] - Total liabilities for current liabilities decreased slightly from RMB 13,975,000 in 2023 to RMB 13,799,000 in 2024, indicating a reduction of approximately 1.3%[9] - The net value of current assets rose to RMB 164,875,000 in 2024, compared to RMB 153,061,000 in 2023, marking an increase of around 7.6%[8] - Total equity increased from RMB 163,024,000 in 2023 to RMB 173,943,000 in 2024, showing a growth of approximately 6.7%[9] Cash Flow and Financing - The company reported cash and cash equivalents of RMB 148,426,000 in 2024, up from RMB 143,391,000 in 2023, which is an increase of about 3.5%[8] - The total value of non-current liabilities decreased from RMB 16,915,000 in 2023 to RMB 14,684,000 in 2024, reflecting a decline of approximately 13.2%[9] - The company's total assets decreased from RMB 188,627,000 in 2023 to RMB 179,939,000 in 2024, indicating a decrease of about 4.6%[8] - The company has a revolving credit facility of RMB 8,276,000 with a Chinese bank, of which RMB 5,790,000 was drawn down, with a repayment term of three years[62] Equity Interests and Subsidiaries - The company reported a total registered capital of RMB 70 million for Shanghai Tie An Pressure Vessel (Group) Co., with a direct equity interest of 90%[15] - Shanghai Anhang Marine Fire Equipment Co. has a registered capital of RMB 5 million and a direct equity interest of 90%, focusing on sales of marine fire equipment and related installation and testing services[15] - The company holds a 90% direct equity interest in Shanghai Liming Fire Testing Co., which provides fire technology testing services, with a registered capital of RMB 5 million[15] - Shanghai Yuanpeng International Trade Co. has a registered capital of RMB 5 million and a 99% indirect equity interest, engaged in trading pressure vessels and other products[15] - The company has a 59.4% indirect equity interest in Shanghai High Pressure Special Cylinder Co., with a registered capital of RMB 19.17 million, focusing on leasing industrial properties[15] Financial Reporting Standards - The financial statements are prepared in accordance with International Financial Reporting Standards and comply with the applicable disclosure requirements of the GEM Listing Rules[17] - The company has adopted revised International Financial Reporting Standards for the first time in the current financial year[22] - The group plans to apply new and revised International Financial Reporting Standards when they become effective, as applicable[25] - International Financial Reporting Standard (IFRS) 18 introduces new presentation requirements for income statements, categorizing all income and expenses into five categories: operating, investing, financing, income tax, and discontinued operations[27] Segment Performance - The company operates six reportable segments: Firefighting Equipment, Aquatic Products, Marine Firefighting Equipment, Testing Services, Property Investment, and Trading[36] - Adjusted profit/loss before tax is used to evaluate segment performance, excluding interest income, government grants, and certain financial assets[34] - The segment revenue from external customers for firefighting equipment was RMB 23,447,000, while for aquatic products it was RMB 27,315,000, indicating a shift in revenue distribution[38] Employee and Management - The group had 98 employees as of December 31, 2024, compared to 84 employees in 2023, reflecting a growth of approximately 16.67%[95] - The company’s total compensation for key management personnel during the period was approximately RMB 372,000, compared to RMB 356,000 in the previous year[75] Market Outlook and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[5] - Future guidance indicates a cautious outlook due to market volatility and potential risks associated with investments in small and medium-sized enterprises listed on GEM[5] - The company remains confident in its ability to achieve sustainable growth through organic expansion, strategic acquisitions, and continuous innovation[100] - The board is committed to leveraging the group’s strong market position and expanding its product and service range to maximize shareholder value[101]

Group 1 - The core point of the article is that Shanghai Qingpu Fire experienced a significant stock price surge of 270% after announcing the acquisition of China fire safety training service provider Qingda Dongfang Fire Technology, reaching a historical high [1] - The acquisition involves a total amount of 200 million yuan, with 87 million yuan paid in cash, 28 million yuan through the issuance of shares, and 85 million yuan through convertible bonds [1]

Financial Performance - For the nine months ended September 30, 2024, the company reported revenue of RMB 62,515,000 (up 10.4% from RMB 56,344,000 in the same period of 2023) [3] - Gross profit for the same period was RMB 18,081,000, representing a 13.9% increase compared to RMB 15,872,000 in 2023 [3] - The company recorded a net profit attributable to owners of the company of RMB 5,492,000, which is a 34.7% increase from RMB 4,078,000 in the previous year [3] - Basic earnings per share for the nine months was RMB 2.93, up from RMB 2.18 in the same period last year, reflecting a 34.4% increase [3] - The group's revenue for the nine months ended September 30, 2024, was RMB 65,501,000, compared to RMB 59,040,000 for the same period in 2023, representing an increase of approximately 10.5% [7] - The group's total income, including other income and gains, was RMB 23,809,000 for the three months ended September 30, 2024, compared to RMB 20,418,000 for the same period in 2023, reflecting a growth of about 11.7% [8] - The group's profit for the period was approximately RMB 8,403,000, representing a 267% increase from RMB 6,632,000 in the same period last year [27] Expenses and Costs - Administrative expenses decreased to RMB 8,097,000 from RMB 8,050,000, indicating a slight reduction in operational costs [3] - The pre-tax profit for the group for the nine months ended September 30, 2024, was impacted by various expenses, including RMB 2,376,000 in employee costs and RMB 133,000 in depreciation of properties, plants, and equipment [8] - The company's selling and distribution expenses for the nine months ended September 30, 2024, were approximately RMB 2,727,000, an increase of about 20% from RMB 2,273,000 for the same period in 2023 [22] - The group's financial expenses for the period were approximately RMB 288,000, a decrease of 6.5% compared to RMB 308,000 in the same period last year [24] Income and Gains - The company’s total other income and gains for the nine months was RMB 2,986,000, compared to RMB 2,696,000 in the same period of 2023, marking an increase of 10.8% [3] - Other income and gains for the nine months ended September 30, 2024, were approximately RMB 2,986,000, an increase of about 10.8% compared to RMB 2,696,000 for the same period in 2023 [21] - The group reported a net interest income of RMB 111,000 for the three months ended September 30, 2024, compared to RMB 95,000 for the same period in 2023, indicating a year-over-year increase of approximately 16.8% [7] Taxation - The group has not recognized any taxable profits in Hong Kong for the nine months ended September 30, 2024, resulting in no provisions for Hong Kong profits tax [9] - The group’s estimated taxable profits for other companies were calculated at a corporate income tax rate of 25% for the nine months ended September 30, 2024 [10] - The group’s total tax expense for the nine months ended September 30, 2024, was RMB 1,273,000, compared to RMB 866,000 for the same period in 2023, reflecting an increase of approximately 47% [11] Market and Business Strategy - The company is focused on expanding its market presence in the production and sales of pressure vessels and firefighting equipment [4] - The company continues to invest in new product development and technology to enhance its service offerings [4] - The company is evaluating growth opportunities in the firefighting industry to enhance profitability and establish a significant position in manufacturing and sales of firefighting equipment and services in China [30] - The company aims to leverage recent government policies on industrial and fire safety measures to create a favorable environment for its long-term strategic goals [30] Corporate Governance - The company is committed to good corporate governance, ensuring transparency and respect for shareholder rights [39] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2024 [41] - The company has adhered to all corporate governance code provisions as of September 30, 2024 [39] - The company has confirmed that all disclosed information is accurate and complete, with no misleading or fraudulent elements [42] Shareholder Information - The company has a total of 131,870,000 shares held by Union City, representing approximately 70.36% of the total issued share capital [33] - Union City also holds 1,300,000 H shares, accounting for about 0.69% of the total issued share capital [33] - Zhejiang Hengtai owns 80% of Union City, thus holding a significant stake in the company [34] - As of September 30, 2024, the pledged shares represent approximately 70.36% of the company's issued share capital [35] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending September 30, 2024 [38] - No other individuals were reported to hold 5% or more of the relevant interests in the company as of September 30, 2024 [36] Future Outlook - The company anticipates a strong finish to 2024, driven by sustained sales momentum [29] - The board believes that the economic outlook for China in 2024 and 2025 remains promising despite challenges in 2023 [30] - The group has successfully increased sales in pressure vessels, aquatic products, and testing services despite a decline in sales of marine firefighting equipment [29] - The group has received product type approval certificates for its fire extinguisher products from the China Classification Society, indicating compliance with quality standards [29]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of approximately RMB 39,571,000, an increase of about RMB 2,524,000 or approximately 6.8% compared to the same period in 2023[3]. - The company's profit attributable to equity holders for the six months ended June 30, 2024, was approximately RMB 3,773,000, an increase from RMB 2,136,000 in the same period of 2023[3]. - The basic and diluted earnings per share for the six months ended June 30, 2024, were both RMB 2.01, compared to RMB 0.87 for the same period in 2023[4]. - The gross profit for the six months ended June 30, 2024, was RMB 11,839,000, compared to RMB 9,391,000 for the same period in 2023[4]. - The total comprehensive income for the six months ended June 30, 2024, was RMB 5,265,000, compared to RMB 2,372,000 for the same period in 2023[5]. - The company reported a pre-tax profit of RMB 6,236,000 for the six months ended June 30, 2024, compared to RMB 2,828,000 for the same period in 2023[4]. - The adjusted profit before tax for the group was RMB 6,236 thousand for the six months ended June 30, 2024[18]. - The group’s profit for the period was approximately RMB 5,265,000, a significant increase of 122% from RMB 2,372,000 year-on-year, attributed to higher sales in aquatic products and pressure vessels[50]. Expenses and Costs - The company incurred selling and distribution expenses of RMB 1,794,000 for the six months ended June 30, 2024, compared to RMB 1,437,000 for the same period in 2023[4]. - The administrative expenses for the six months ended June 30, 2024, were RMB 5,186,000, compared to RMB 4,912,000 for the same period in 2023[4]. - Selling and distribution expenses rose by approximately 25% to RMB 1,794,000 from RMB 1,437,000 year-on-year, driven by increased sales in aquatic products and pressure vessels[46]. - Administrative expenses increased by approximately 6% to RMB 5,186,000 from RMB 4,912,000 year-on-year, mainly due to higher general administrative costs[47]. - Employee costs (excluding directors' remuneration) for the six months ended June 30, 2024, were RMB 4,442,000, compared to RMB 4,134,000 for the same period in 2023, marking an increase of approximately 7.5%[25]. Assets and Liabilities - Non-current assets total value decreased from RMB 26,878 million to RMB 26,032 million, a decline of approximately 3.15%[6]. - Current assets increased from RMB 167,036 million to RMB 175,746 million, an increase of approximately 5.25%[6]. - Current liabilities increased from RMB 13,975 million to RMB 17,715 million, an increase of approximately 26.00%[6]. - Total assets of the group amounted to RMB 201,778 thousand as of June 30, 2024[18]. - Total liabilities of the group were RMB 32,569 thousand as of June 30, 2024[18]. - The group has outstanding bank borrowings of approximately RMB 5,790,000 as of June 30, 2024, unchanged from December 31, 2023[54]. - The capital debt ratio remained stable at 19% as of June 30, 2024, consistent with December 31, 2023[55]. Cash Flow - Net cash flow from operating activities was negative RMB 1,157 million, compared to positive RMB 3,030 million in the previous year[11]. - Cash and cash equivalents decreased from RMB 143,391 million to RMB 141,825 million, a decrease of approximately 1.09%[11]. Inventory and Receivables - The company reported a significant increase in inventory from RMB 8,490 million to RMB 12,710 million, an increase of approximately 49.00%[6]. - Trade receivables increased from RMB 10,231 million to RMB 14,963 million, an increase of approximately 46.00%[6]. - As of June 30, 2024, accounts receivable amounted to RMB 15,821,000, compared to RMB 10,505,000 as of December 31, 2023, indicating a significant increase[33]. - The five largest outstanding balances accounted for 59% of total accounts receivable as of June 30, 2024, highlighting a significant credit concentration risk[34]. - The company has maintained strict control over overdue receivables to minimize credit risk, with senior management regularly reviewing overdue balances[33]. Corporate Governance and Compliance - The company has complied with all corporate governance rules as per GEM Listing Rules throughout the year[70]. - The company has established a strong corporate governance framework aimed at enhancing decision-making processes and improving business performance[71]. - A Securities Trading Code of Conduct has been adopted, ensuring compliance with GEM listing rules regarding trading standards[72]. - The Audit Committee, composed of three independent non-executive directors, has reviewed the unaudited financial statements for the six months ending June 30, 2024[73]. Market Strategy and Future Plans - The company has a strong focus on expanding its market presence and enhancing product offerings, although specific new products or technologies were not detailed in the report[3]. - The company continues to monitor market trends and potential acquisition opportunities to drive future growth[3]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the financial summary[12]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[12]. - The company plans to explore opportunities for developing and acquiring profitable businesses to enhance profitability and market share in the firefighting equipment sector in China[61].

Financial Performance - Revenue for the first quarter of 2024 reached RMB 16,568,000, an increase of 5.7% compared to RMB 15,676,000 in the same period of 2023[8] - Gross profit for the quarter was RMB 4,164,000, representing a gross margin of 25.1%, up from RMB 3,804,000 in the previous year[9] - Net profit attributable to the company was RMB 1,085,000, a decrease of 4.7% from RMB 1,139,000 in Q1 2023[9] - Basic earnings per share for the quarter was RMB 0.08, compared to RMB 0.30 in the same quarter last year[9] - The group's revenue for the three months ended March 31, 2024, was RMB 17,513,000, an increase of 10.3% compared to RMB 15,870,000 for the same period in 2023[16] - The group reported a net gain from financial assets measured at fair value of RMB 629,000, significantly higher than RMB 87,000 in the previous year[16] - The group’s total income, including other income and gains, was RMB 17,513,000, reflecting a strong performance in various segments[16] - For the three months ended March 31, 2024, the basic earnings per share attributable to ordinary equity holders of the company was approximately RMB 156,000, compared to RMB 565,000 for the same period in 2023[23] - The group recorded revenue of approximately RMB 16,568,000 for the three months ended March 31, 2024, representing a 6% increase from RMB 15,676,000 in the same period of 2023, primarily due to increased sales of aquatic products[28] - The overall gross profit for the three months ended March 31, 2024, was approximately RMB 4,164,000, with a gross profit margin of 19%, up from 18% in the same period of 2023[29] Expenses - Other income and gains amounted to RMB 945,000, significantly higher than RMB 194,000 in the previous year[9] - Selling and distribution expenses increased to RMB 732,000 from RMB 619,000, reflecting a rise in operational costs[9] - Administrative expenses rose to RMB 2,694,000, compared to RMB 2,253,000 in the same period last year[9] - Selling and distribution expenses rose from RMB 619,000 to approximately RMB 732,000, an 18% increase, attributed to higher sales of aquatic products[31] - Administrative expenses increased from RMB 2,253,000 to approximately RMB 2,694,000, a 20% increase, primarily due to higher general administrative costs[32] - Finance costs for the three months ended March 31, 2024, were approximately RMB 71,000, down from RMB 92,000 in the same period of 2023[33] Government Support and Taxation - The group received unconditional government subsidies totaling RMB 230,000 for the three months ended March 31, 2024, compared to RMB 94,000 for the same period in 2023[16] - The group did not incur any tax liabilities in Hong Kong for the three months ended March 31, 2024, consistent with the previous year[18] - The effective corporate income tax rate for small enterprises remains at 5% for taxable profits up to RMB 1,000,000[19] - The applicable corporate income tax rate is 25%, with certain subsidiaries qualifying for a reduced rate of 5% under specific conditions[36] Strategic Initiatives - The company has not provided specific guidance for future quarters but indicated a focus on improving operational efficiency and expanding market presence[8] - The company is actively exploring new product development and technological advancements to enhance its competitive edge[8] - There are ongoing discussions regarding potential mergers and acquisitions to facilitate market expansion and diversification[8] - The company plans to explore opportunities for developing and acquiring profitable businesses to enhance profitability and strengthen its position in the manufacturing and sales of fire safety equipment in China[39] Shareholder and Corporate Governance - The company did not declare or pay any dividends for the three months ended March 31, 2024, consistent with the same period in 2023[24] - The company has pledged a total of 131,870,000 shares as collateral for a loan of RMB 198,000,000, with a partial repayment of RMB 63,000,000 allowing for the release of the pledged shares[3] - The company has established an audit committee to oversee financial reporting and internal control systems[50] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited performance of the group for the three months ending March 31, 2024[51] - The company has adhered to all corporate governance rules as stipulated by the GEM listing rules[46] - The company aims to enhance transparency in shareholder communications and improve risk management and business performance[47] - The company is committed to maintaining responsible decision-making processes and respecting shareholder rights[47] - The company holds 70.36% of its issued share capital in the form of internal shares[3] - The company has not reported any other individuals holding 5% or more of its issued share capital as of March 31, 2024[3] Sales Performance - Sales of pressure vessels amounted to RMB 5,563,000, a decrease of 9.7% from RMB 6,158,000 in the previous year[16] - Sales of aquatic products increased to RMB 6,755,000, up 29.7% from RMB 5,207,000 year-on-year[16] - The group successfully increased sales of aquatic products during the period, contributing to a positive trend in overall revenue, indicating a strong start for 2024[38] Non-controlling Interests - Non-controlling interests for the three months ended March 31, 2024, amounted to approximately RMB 929,000, compared to RMB 574,000 for the same period in 2023, reflecting an increase due to higher profits from certain non-wholly owned subsidiaries[37]

Financial Performance - For the three months ended March 31, 2024, the company reported revenue of RMB 16,568,000, an increase from RMB 15,676,000 in the same period last year, representing a growth of approximately 5.68%[5] - The gross profit for the same period was RMB 4,164,000, compared to RMB 3,804,000 in the previous year, indicating a year-over-year increase of about 9.48%[5] - The net profit attributable to the company's equity holders was RMB 156,000, down from RMB 565,000 in the prior year, reflecting a decrease of approximately 72.39%[5] - The basic and diluted earnings per share for the period were RMB 0.08, compared to RMB 0.30 in the same period last year, showing a decline of 73.33%[5] - The company reported other income and gains of RMB 945,000, significantly higher than RMB 194,000 in the previous year, marking an increase of approximately 387.6%[5] - Administrative expenses rose to RMB 2,694,000 from RMB 2,253,000, which is an increase of about 19.6% year-over-year[5] - Revenue from sales of consumer products reached RMB 6,755,000, up from RMB 5,207,000, indicating a significant increase of about 29.69%[14] - The group reported a net income of RMB 945,000 for the three months ending March 31, 2024, compared to RMB 194,000 for the same period in 2023, showing an increase of approximately 387.6%[14] - The group’s total income and other gains amounted to RMB 17,513,000 for the three months ending March 31, 2024, compared to RMB 15,870,000 for the same period in 2023, marking an increase of approximately 10.33%[14] Expenses and Liabilities - Selling and distribution expenses rose by 18% to approximately RMB 732,000 for the three months ended March 31, 2024, from RMB 619,000 in the same period of 2023[28] - Administrative expenses increased by 20% to approximately RMB 2,694,000 for the three months ended March 31, 2024, compared to RMB 2,253,000 in the same period of 2023[29] - Financial expenses decreased to approximately RMB 71,000 for the three months ended March 31, 2024, down from RMB 92,000 in the same period of 2023[30] - The group did not incur any tax liabilities in Hong Kong for the three months ending March 31, 2024, consistent with the previous year[16] - The estimated taxable profit for the group’s other companies is calculated at a corporate income tax rate of 25% for the three months ending March 31, 2024, unchanged from the previous year[18] Corporate Governance and Compliance - The company is listed on the GEM of the Hong Kong Stock Exchange, which is known for higher investment risks associated with small and medium-sized enterprises[2] - The company has adhered to all corporate governance rules as per GEM listing regulations during the reporting period[46] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial results for the three months ending March 31, 2024[50] Business Operations and Strategy - The company is engaged in the production and sale of pressure vessels, including firefighting equipment, and has expanded its services to include fire technology testing services[9] - The company plans to explore opportunities for developing and acquiring profitable businesses to enhance profitability and strengthen its position in the manufacturing, sales, and provision of fire safety equipment and services in the People's Republic of China[36] - The company successfully increased sales of aquatic products during the period, reflecting a positive trend in overall business performance[35] Shareholder Information - The company did not declare or pay any dividends for the three months ended March 31, 2024, consistent with the same period in 2023[21] - The company has pledged a total of 131,870,000 shares as collateral for a loan amounting to RMB 198,000,000, with a partial repayment of RMB 63,000,000 required to release the pledged shares[43] - As of January 12, 2017, the pledged shares represent approximately 70.36% of the company's issued capital and 100% of the internal shares[43] - Non-controlling interests for the three months ending March 31, 2024, amounted to approximately RMB 929,000, compared to RMB 574,000 for the same period in 2023, indicating an increase due to higher profits from certain non-wholly owned subsidiaries[34] Miscellaneous - The company has not engaged in any significant contracts involving directors or supervisors with substantial interests as of March 31, 2024[44] - There have been no purchases, sales, or redemptions of the company's listed securities during the three months ending March 31, 2024[45] - The company did not apply any new accounting standards or interpretations that were not yet effective during the reporting period[12] - The company provided inspection services to a related company, generating revenue of approximately RMB 3,000 for the three months ended March 31, 2023, with no such revenue reported for the same period in 2024[23]

Financial Performance - The company recorded total revenue of approximately RMB 74,137,000 for the year ending December 31, 2023, an increase of about RMB 11,939,000 from RMB 62,198,000 in 2022, representing a growth of approximately 19.2%[4] - The net profit attributable to the owners of the company for the same period was approximately RMB 8,521,000[4] - The overall gross profit for the year ended December 31, 2023, was approximately RMB 21,550,000, with a gross profit margin of 29%, stable compared to 27% for the previous year[13] - Other income and gains increased from approximately RMB 4,327,000 for the year ended December 31, 2022, to approximately RMB 4,950,000 for the year ended December 31, 2023, mainly due to increased realized gains on financial assets measured at fair value[14] - Selling and distribution expenses decreased by approximately 6% from RMB 3,301,000 to RMB 3,096,000, attributed to reduced transportation and depreciation costs[15] - Administrative expenses increased by 9% to approximately RMB 11,291,000 for the year ended December 31, 2023, compared to RMB 10,350,000 for the previous year, mainly due to increased general administrative expenses[16] - The group recorded a net current asset of approximately RMB 167,036,000 as of December 31, 2023, with a current ratio of 11.9, up from 10.6 the previous year[22] - The debt-to-equity ratio as of December 31, 2023, was 19%, stable compared to 21% as of December 31, 2022[23] - The group’s cash and cash equivalents increased to approximately RMB 143,391,000 as of December 31, 2023, compared to RMB 129,640,000 the previous year[22] - The group recorded a net profit of RMB 8,521,000 for the year, compared to RMB 5,586,000 in 2022, marking a year-over-year increase of 52.1%[190] Business Operations - Revenue primarily derived from the production and sales of pressure vessels, fire safety technology testing services, installation and inspection of marine firefighting equipment, sales of aquatic products, and property investment segments[4] - The company is focused on expanding its market presence in mainland China and overseas, particularly in the production and sales of firefighting equipment[4] - The company is committed to ongoing research and development in fire safety technology to enhance its service offerings[4] - The group plans to explore development and acquisition opportunities to enhance profitability and strengthen its position in the manufacturing, sales, and provision of fire-fighting equipment and services in China[8] - The company’s revenue from the sale of pressure vessels and firefighting equipment continues to be a significant part of its business model[199] - The company plans to continue expanding its market presence and enhancing its product offerings in the firefighting equipment sector[199] Governance and Compliance - The company emphasizes the importance of understanding the potential risks associated with investing in GEM-listed companies, which are generally smaller companies with higher investment risks[1] - The company has confirmed that the information provided in the report is accurate and complete, with no misleading or fraudulent elements[1] - The company aims to maintain transparency and accountability in its financial reporting, as evidenced by the independent auditor's report[3] - The company has adhered to the corporate governance code as per GEM listing rules, ensuring compliance and transparency in operations[44] - The company has adopted the GEM Listing Rules Appendix 15 to enhance corporate governance, aiming for responsible decision-making and improved risk management[47] - The board consists of six members, with all directors attending 100% of the meetings held in 2022, totaling four meetings[47] - The audit committee held five meetings in 2023 to review the financial performance and internal audit matters for the year ending December 31, 2023[55] - The remuneration committee includes one executive director and two independent non-executive directors, ensuring compliance with GEM Listing Rules[57] - The company emphasizes board diversity based on various criteria, including gender, age, and professional experience[62] - The company has established a risk management and internal control system, with management conducting annual reviews to identify areas for improvement[50] - The company has maintained a zero-tolerance policy towards corruption and bribery, ensuring ethical business practices[114] Employee Relations - The group had 84 employees as of December 31, 2023, down from 90 employees in 2022, indicating a reduction of approximately 6.7%[30] - The company has maintained a good relationship with its employees, as stated by the board of directors[31] - There were no significant labor disputes or strikes that interfered with the group's daily operations, indicating stable employee relations[31] - The employee turnover rate for the year is 7%, with a breakdown of 15% for males and 6% for females[96] - The total employee count as of December 31, 2023, is 84, with a gender distribution of 47 males and 37 females[96] - The percentage of employees trained this year is 24% for males and 20% for females[102] - The average training hours completed per employee this year are 20 hours for males and 15 hours for females[103] - 71% of executive directors and senior management received training this year, while only 15% of other employees did[103] - The company emphasizes the importance of employee training and development to adapt to a rapidly changing business environment[100] Environmental, Social, and Governance (ESG) - The board of directors is committed to overseeing environmental, social, and governance (ESG) matters and has established an ESG committee to review and monitor policies and practices[69] - The company emphasizes the importance of waste management and supports the "3R" waste hierarchy (Reduce, Reuse, Recycle) to minimize waste[78] - The company conducts a comprehensive materiality assessment to identify and prioritize significant ESG issues impacting operations[72] - The company has set annual environmental protection goals focused on environmental conservation, energy saving, and low carbon initiatives, which are regularly reviewed by the board[70] - The company systematically collects and responsibly disposes of solid waste, including packaging materials, ensuring recyclable components are separated before disposal[79] - The company recognizes the significance of ESG issues for shareholders and stakeholders, actively gathering feedback to enhance ESG strategies and outcomes[72] - The company consumed approximately 9,365 tons of water during the year[86] - The company has not experienced any climate-related issues and has implemented policies to manage potential risks[91] - The company has set a target to maintain carbon dioxide emissions at current levels, focusing on energy-saving practices[85] - The company has not generated any hazardous waste and has no targets for reducing packaging materials[82] - The company emphasizes resource efficiency and has established a management system to optimize resource usage[83] Financial Position - Total current assets increased to RMB 167,036,000 from RMB 151,808,000 in 2022, marking a growth of 9.9%[187] - Total non-current assets decreased to RMB 26,878,000 from RMB 29,541,000, a decline of 9.0%[187] - The company maintained a strong liquidity position with a net current asset value of RMB 153,061,000, compared to RMB 137,422,000 in 2022[187] - Total net assets increased to RMB 163,024,000, up from RMB 150,107,000 in 2022, representing an increase of 8.6%[188] - The company's operating cash flow for 2023 was RMB 13,782,000, compared to RMB 9,322,000 in 2022, reflecting a growth of 47.5%[192] - The total equity attributable to shareholders rose to RMB 145,212,000, an increase of 6.5% from RMB 135,697,000 in the previous year[190] - The company’s total liabilities remained stable at RMB 16,915,000, slightly up from RMB 16,856,000 in 2022[188] Shareholder Information - As of December 31, 2023, Mr. Zhou Jinhui holds 133,170,000 shares, representing approximately 71.05% of the company's issued share capital[147] - The major shareholder, Liancheng Fire Group Co., Ltd., holds 131,870,000 shares, accounting for about 70.36% of the registered capital[150] - The shares held by Liancheng Fire Group Co., Ltd. are pledged as collateral for a loan of RMB 198 million, with a partial repayment of RMB 63 million required to release the pledged shares[150] - The company has maintained a public float of at least 25% of its issued share capital[153] - The company has not engaged in any significant continuing connected transactions during the year[153] - The independent auditor has confirmed that the financial statements fairly reflect the group's financial position as of December 31, 2023[158] - The company has not changed auditors in the past three years, and the reappointment of the current auditor will be proposed at the upcoming annual general meeting[156]

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 474.137 million, an increase from RMB 62.198 million in the previous year, representing a significant growth[5]. - The gross profit for the year was RMB 21.550 million, up from RMB 16.909 million, indicating a growth of approximately 27.5%[5]. - The net profit attributable to the company was RMB 11.477 million, compared to RMB 9.166 million in the previous year, reflecting a year-over-year increase of about 25.2%[6]. - Basic earnings per share increased to RMB 4.55 from RMB 2.98, marking a growth of approximately 52.7%[5]. - The company reported other income and gains of RMB 4.950 million, up from RMB 4.327 million, showing an increase of about 14.4%[5]. - The company reported a pre-tax profit of RMB 13,155,000 for the year, reflecting strong operational performance across segments[39]. - The pre-tax profit for 2023 was RMB 13,155 million, an increase from RMB 7,608 million in 2022, representing a growth of 73.5%[55]. - The tax expense calculated at the statutory rate of 25% for 2023 was RMB 3,288 million, compared to RMB 1,902 million in 2022, reflecting a 73% increase[55]. - The company recorded a profit attributable to owners of the company of approximately RMB 8,521,000 for the year ended December 31, 2023, an increase from RMB 5,586,000 for the year ended December 31, 2022[87]. Revenue Segmentation - Total revenue for the year ended December 31, 2023, reached RMB 74,137,000, with significant contributions from various business segments[39]. - The firefighting equipment segment generated revenue of RMB 23,447,000, while the aquatic products segment contributed RMB 27,315,000[39]. - Revenue from the firefighting equipment segment increased to RMB 9,580,000 in 2023, up from RMB 4,912,000 in 2022, representing a growth of 95.3%[47]. - Revenue from the aquatic products segment rose to RMB 27,315,000 in 2023, compared to RMB 24,937,000 in 2022, marking an increase of 9.6%[47]. - The group's revenue for the year ended December 31, 2023, was RMB 52,587,000, an increase from RMB 45,289,000 in 2022, representing a growth of approximately 16.1%[49]. Expenses and Costs - Administrative expenses rose to RMB 11.291 million from RMB 10.350 million, which is an increase of approximately 9.1%[5]. - The cost of goods sold for the year was RMB 46,368,000, compared to RMB 40,363,000 in the previous year, reflecting an increase of about 15.0%[49]. - Selling and distribution expenses decreased from RMB 3,301,000 to approximately RMB 3,096,000, a reduction of about 6% due to lower transportation and depreciation costs[79]. - Financial expenses decreased by approximately 14% to RMB 368,000 for the year ended December 31, 2023, down from RMB 426,000 for the year ended December 31, 2022[81]. - The group’s employee benefits expenses increased to RMB 9,358,000 from RMB 7,927,000, marking a rise of approximately 18.0%[49]. Assets and Liabilities - As of December 31, 2023, total non-current assets amounted to RMB 26,878,000, a decrease of 9% from RMB 29,541,000 in 2022[8]. - Current assets totaled RMB 167,036,000, representing an increase of 10% compared to RMB 151,808,000 in the previous year[8]. - Total liabilities for current liabilities were RMB 13,975,000, a slight decrease from RMB 14,386,000 in 2022[9]. - The net value of current assets reached RMB 153,061,000, up from RMB 137,422,000, indicating a growth of approximately 11%[9]. - Total equity attributable to shareholders was RMB 163,024,000, increasing from RMB 150,107,000, reflecting an 8.6% rise year-over-year[9]. - The company’s total liabilities stood at RMB 31,242,000, indicating a stable financial position[47]. - The group has reduced its current liabilities from RMB 14,386,000 on December 31, 2022, to RMB 13,975,000 on December 31, 2023, mainly due to a decrease in other payables and accrued expenses[88]. Strategic Initiatives - The company has plans for market expansion and new product development, although specific figures were not disclosed during the call[5]. - The company is focusing on enhancing its technological capabilities to improve operational efficiency and customer satisfaction[5]. - Future guidance indicates a positive outlook for revenue growth, driven by increased market demand and strategic initiatives[5]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[5]. - The group plans to explore opportunities for developing and acquiring profitable businesses to enhance profitability and strengthen its position in the fire safety equipment market in China[98]. Compliance and Reporting - The consolidated financial statements are prepared in accordance with International Financial Reporting Standards and presented in RMB, with all values rounded to the nearest thousand[17]. - The financial statements include the company's subsidiaries as of December 31, 2023, and reflect the company's control over these entities[18]. - The group has adopted new and revised International Financial Reporting Standards in its consolidated financial statements[22]. - The group has disclosed significant accounting policy information in Note 2 of the consolidated financial statements[24]. - The Audit Committee has been established in accordance with GEM Listing Rules, consisting of independent non-executive directors with appropriate professional qualifications and financial experience[105].

Financial Performance - For the nine months ended September 30, 2023, the company reported revenue of RMB 56,344,000, an increase from RMB 44,974,000 in the same period of 2022, representing a growth of approximately 25.5%[5] - The gross profit for the same period was RMB 15,872,000, compared to RMB 12,664,000 in 2022, indicating a year-over-year increase of about 25.8%[5] - The net profit attributable to the owners of the company for the nine months was RMB 4,260,000, up from RMB 1,490,000 in the previous year, reflecting a significant increase of approximately 186.4%[5] - Basic earnings per share for the nine months was RMB 1.30, compared to RMB 0.26 in the same period last year, marking an increase of about 400%[5] - The group reported revenue of RMB 20,418,000 for the nine months ended September 30, 2023, compared to RMB 15,669,000 for the same period in 2022, representing a year-over-year increase of 30.5%[12] - The group’s total income, including other income and gains, was RMB 20,418,000 for the nine months ended September 30, 2023, compared to RMB 15,669,000 for the same period in 2022, reflecting a growth of 30.5%[12] - The group reported a pre-tax profit of RMB 1,857,000 for the nine months ending September 30, 2023, compared to RMB 5,839,000 for the same period in 2022, indicating a decrease of approximately 68%[13] - The group’s profit for the period was approximately RMB 6,632,000, representing a 100% increase compared to RMB 3,305,000 in the same period last year[31] Cost Management - The company reported total administrative expenses of RMB 8,050,000 for the nine months, slightly up from RMB 8,044,000 in 2022, indicating a stable cost management strategy[5] - The sales and service costs for the same period were approximately RMB 40,472,000, also reflecting a 25% increase from RMB 32,310,000 in the previous year[25] - The administrative expenses for the period were approximately RMB 8,050,000, remaining stable compared to RMB 8,044,000 in the same period last year[28] - The total employee costs for the nine months ending September 30, 2023, were RMB 5,571,000, compared to RMB 1,985,000 for the same period in 2022[13] Other Income and Gains - Other income and gains for the nine months amounted to RMB 2,696,000, compared to RMB 2,030,000 in the previous year, showing an increase of approximately 32.8%[5] - The total income from other sources was RMB 19,297,000 for the nine months ended September 30, 2023, compared to RMB 15,159,000 for the same period in 2022, indicating a growth of 27.5%[12] - The group generated rental income of RMB 1,811,000 for the three months ended September 30, 2023, slightly down from RMB 1,814,000 in the same period last year[12] - The group reported a net gain from financial assets measured at fair value through profit or loss of RMB 821,000 for the three months ended September 30, 2023, compared to RMB 324,000 in the same period last year[12] - Government grants received amounted to RMB 91,000 for the three months ended September 30, 2023, compared to RMB 25,000 in the same period last year, showing a significant increase[12] Strategic Focus and Future Outlook - The company has maintained a focus on expanding its market presence and enhancing product offerings, as indicated by the growth in revenue and profit margins[5] - The company is committed to ongoing research and development to innovate new products in the fire safety equipment sector, which is expected to drive future growth[5] - The management has expressed optimism about future performance, anticipating continued growth in both revenue and net profit for the upcoming quarters[5] - The board holds an optimistic view on the gradual recovery of the Chinese economy from the global pandemic, considering strategic acquisitions to accelerate profit growth[34] Corporate Governance and Compliance - The company has adhered to all corporate governance rules as per GEM listing regulations as of September 30, 2023[42] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2023, and provided recommendations[45] - The report was published on November 10, 2023, and will be available for at least seven consecutive days on the GEM website and the company's website[46] - The executive directors include Mr. Zhou Jinhui (Chairman), Mr. Shi Huixing, and Mr. Zhou Guoping, along with independent non-executive directors[46] Shareholder Information - As of September 30, 2023, the company has a total of 131,870,000 shares held by Union City, representing 70.36% of the total shares[39] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending September 30, 2023[41] - The company maintained a consistent number of issued ordinary shares at 187,430,000 for both reporting periods[24] - The company did not have any issued potential diluted ordinary shares during the reporting periods, hence no adjustments were made to the basic earnings per share[18] Accounting Policies - The group has maintained consistent accounting policies in preparing the financial statements as of December 31, 2022, ensuring comparability[11] - No new accounting standards or interpretations that have not yet come into effect were applied during the current accounting period[11]

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。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：8115） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 第 三 季 度 業 績 公 佈 香港聯合交易所有限公司GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的 中小型公司提供一個上市的市場。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聯 交所主板買賣的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。 本公佈乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供 有關上海青浦消防器材股份有限公司（「本公司」，連同其附屬公司統稱「本 集團」）之資料。本公司董事（「董事」）願就本公佈共同及個別承擔全部責任。 董事在作出一切合理查詢後，確認就彼等所深知及確信 ...