Financial Performance - Revenue increased by 7.6% to approximately RMB 162,278,000 (2022: RMB 150,818,000) [5] - Gross profit rose by 18.2% to approximately RMB 65,363,000 (2022: RMB 55,290,000) [5] - Gross margin improved to approximately 40.3% (2022: 36.7%) [5] - Profit before tax surged by 63.9% to approximately RMB 2,638,000 (2022: RMB 1,610,000) [5] - Net profit attributable to equity holders increased by 62.2% to approximately RMB 2,303,000 (2022: RMB 1,420,000) [5] - Basic earnings per share rose by 50.0% to approximately RMB 0.06 (2022: RMB 0.04) [5] - Total revenue for the year ended December 31, 2023, was approximately RMB 162,278,000, an increase of 7.6% compared to RMB 150,818,000 in 2022, primarily driven by increased sales of organic bentonite [103] - The company reported a net profit attributable to shareholders of RMB 2,302,676 for 2023, compared to RMB 1,420,207 in 2022, representing a growth of 62% [79] Assets and Liabilities - Total assets amounted to RMB 292,849,380 as of December 31, 2023, compared to RMB 278,152,459 in 2022 [8] - Total liabilities increased to RMB 175,419,693 from RMB 163,025,448 in the previous year [8] - Cash and cash equivalents decreased to RMB 14,888,159 in 2023 from RMB 19,355,608 in 2022, a decline of 23.5% [89] - Total trade and other payables rose to RMB 58,851,610 in 2023, compared to RMB 40,158,141 in 2022, marking a significant increase of 46.3% [91] - Total borrowings as of December 31, 2023, were approximately RMB 111,401,000, down from RMB 120,016,000 as of December 31, 2022 [136] - The debt-to-equity ratio improved to approximately 82.2% as of December 31, 2023, from 87.4% as of December 31, 2022, primarily due to an increase in bank borrowings [137] Research and Development - Research and development expenses were approximately RMB 11,585,685, up from RMB 10,613,283 in 2022 [6] - The company's R&D expenses for 2023 amounted to RMB 11,586,000, representing a 9.2% increase from RMB 10,613,000 in 2022, attributed to new environmental research projects [114] - Research expenditures are recognized as expenses when incurred, while development costs can be recognized as intangible assets if the project is likely to succeed and costs can be reliably measured [52] - Research and development expenses were supported by additional tax deductions, allowing for 100% deduction of actual R&D costs under applicable tax laws [77] Expenses - The company incurred total expenses of RMB 155,684,169 in 2023, compared to RMB 143,834,528 in 2022, marking an increase of 8.2% [72] - Distribution costs rose by RMB 3,944,000 or 19.4% to RMB 24,249,000 in 2023, mainly due to increased transportation expenses [110] - Administrative expenses increased by RMB 4,140,000 or 24.6% to RMB 20,953,000 in 2023, primarily due to higher professional service fees and employee costs [111] - Financial costs for the year were RMB (6,535,024), slightly higher than RMB (6,448,244) in 2022, indicating a marginal increase in financial burden [74] Inventory and Receivables - As of December 31, 2023, the total inventory cost was RMB 65,889,150, an increase of 8.5% from RMB 60,820,690 in 2022 [10] - Trade receivables increased to RMB 71,469,009 in 2023 from RMB 64,611,918 in 2022, reflecting a growth of 8.5% [82] - The net trade receivables after impairment provisions were RMB 65,023,210 in 2023, up from RMB 60,279,241 in 2022, indicating a 7.5% increase [82] - The impairment provision for trade receivables increased to RMB 6,445,799 in 2023 from RMB 4,332,677 in 2022, reflecting a rise of 48.8% [86] Taxation - Current and deferred tax expenses are adjusted based on applicable tax rates and temporary differences arising from deferred tax assets and liabilities [40] - The effective tax rate for the company was influenced by a preferential tax rate of 15% due to high-tech enterprise certification, which is valid for three years [76] - Income tax expenses rose from approximately RMB 190,000 for the year ended December 31, 2022, to approximately RMB 335,000 for the year ended December 31, 2023, an increase of approximately RMB 145,000 or 76.3% due to an increase in profit before tax [117] - The actual tax rates for the years ended December 31, 2023, and December 31, 2022, were 8.6% and 11.8%, respectively [117] Corporate Governance - The company has complied with all applicable provisions of the Corporate Governance Code during the review period, except for deviations from provisions C.2.1 and C.1.8 [161] - The Audit Committee held four meetings during the review period, with all members in attendance [165] - The company has not purchased, sold, or redeemed any of its listed securities during the year ended December 31, 2023 [169] - At least 25% of the issued share capital is held by public shareholders as of the review period [168] Future Plans and Developments - The company plans to develop a series of montmorillonite products to replace imported products, enhancing domestic industry technology and competitiveness [148] - A production line for special mortar with an annual capacity of 200,000 tons has been established, with a focus on profit-centered and innovation-driven development strategies in 2024 [149] - The company has developed a production line with an annual capacity of 200,000 tons of special mortar putty, located at the headquarters in Zhejiang Changxing [99] Other Information - The company did not recommend any final dividend for the year ended December 31, 2023 (2022: nil) [5] - There are no significant events after the reporting period as of the announcement date [170] - The annual report for the year ended December 31, 2023, will be sent to shareholders and published on the company's website [171]

Financial Performance - Revenue increased by 9.2% to approximately RMB 120,276,000 for the nine months ended September 30, 2023, compared to RMB 110,137,000 in the same period of 2022[6] - Gross profit rose by 27.3% to approximately RMB 48,462,000, with a gross margin of 40.3%, up from 34.6% in 2022[6] - The company reported a profit attributable to equity holders of approximately RMB 6,244,000, a significant turnaround from a loss of RMB 363,000 in the same period last year[6] - Basic earnings per share were approximately RMB 0.16, compared to a loss per share of RMB 0.01 in the previous year[6] - Operating profit for the nine months was RMB 11,594,569, compared to RMB 4,630,274 in the same period of 2022[7] - The company’s total comprehensive income attributable to equity holders for the nine months was RMB 6,244,278, compared to a loss of RMB 362,655 in the same period last year[8] - For the nine months ended September 30, 2023, the company's revenue was approximately RMB 120,275,526, an increase of about RMB 10,138,817 or 9.2% compared to RMB 110,136,709 for the same period in 2022[27] - The profit attributable to equity holders for the nine months ended September 30, 2023, was approximately RMB 6,244,278, compared to a loss of approximately RMB 363,000 for the same period in 2022[30] Expenses and Costs - Research and development expenses increased to RMB 8,279,460 for the nine months, up from RMB 7,636,134 in the previous year[7] - Distribution costs for the nine months ended September 30, 2023, were approximately RMB 16,601,000, an increase of about RMB 2,401,000 or 16.9% from RMB 14,200,000 in the same period of 2022, primarily due to increased transportation costs[29] - Administrative expenses for the nine months ended September 30, 2023, were approximately RMB 13,650,000, an increase of about RMB 749,000 or 5.8% from RMB 12,901,000 in the same period of 2022, mainly due to rising labor and professional costs[29] - R&D expenses increased from approximately RMB 7,636,000 for the nine months ended September 30, 2022, to approximately RMB 8,279,000 for the same period in 2023, an increase of about RMB 643,000 or 8.4%, primarily due to the development of national energy-saving low-carbon materials[30] Business Operations - The company primarily engages in the development, production, and sale of bentonite fine chemicals, with a focus on paper chemicals and metallurgical pellets[10] - The sales of organic bentonite and inorganic gel contributed significantly to the revenue increase during the reporting period[27] - The company has undertaken two provincial-level new product development projects and has applied for six patents during the reporting period[26] - The company has established a key laboratory for the development and application of critical mineral materials in collaboration with Wuhan University of Technology[26] - The company continues to focus on promoting bentonite for paint and coatings, with significant growth in sales and profits for organic bentonite products[26] - The company is developing high-dispersion bentonite for high solid content and solvent-free coatings, achieving a solid content of up to 70% and eliminating the need for organic solvents during use[33] - The company aims to transition from traditional coatings to green coatings by strictly controlling VOC emissions during production and coating processes[31] - The company is leveraging its bentonite resources to assist paper companies in sustainable development through comprehensive resource utilization and environmental protection efforts[34] Equity and Dividends - The board of directors resolved not to declare any interim dividend for the nine months ended September 30, 2023, consistent with the previous year[6] - As of September 30, 2023, total equity attributable to equity holders was RMB 121,371,289, reflecting an increase from RMB 113,344,149 at the same time last year[8] - The company has maintained a public shareholding of at least 25% of its issued share capital during the reporting period[44] Taxation and Incentives - The company has received tax incentives with a rate of 15% for high-tech enterprises, valid for three years from December 1, 2020, to November 30, 2023[21] - The company has reported current tax expenses of RMB (657,871) for the nine months ended September 30, 2023, compared to a tax credit of RMB 170,503 for the same period in 2022[21] Corporate Governance - The audit committee has reviewed the unaudited condensed consolidated financial report for the nine months ended September 30, 2023, and agreed that the accounting treatment adopted is in compliance with current accounting standards and GEM listing rules[51] - The company has adhered to all applicable provisions of the corporate governance code, with some deviations noted in sections C.2.1 and C.1.8[46] - The audit committee consists of three independent non-executive directors, ensuring effective oversight of financial reporting and internal controls[49] - The company is committed to enhancing its internal control systems and continuous professional training for directors[46] - The chairman and CEO roles are currently held by the same individual, which the board believes provides strong leadership[46] Miscellaneous - No purchases, sales, or redemptions of the company's listed securities were conducted by the company or its subsidiaries during the reporting period[45] - There are no significant post-reporting period events as of the report date[52] - The company has not purchased any liability insurance for directors and officers due to ongoing considerations of proposals from different underwriters[47] - The company will issue the quarterly report for the nine months ended September 30, 2023, to shareholders and publish it on its website and the stock exchange[53]

Zhejiang Chang’an Renheng Technology Co., Ltd.* 浙江長安仁恒科技股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：8139） 截至二零二三年九月三十日止九個月之 第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 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上市的公司一般為中小型公司，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告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照聯交所的創業板證券上市規則（「創業板上市規則」）而刊載，旨在提 供有關浙江長安仁恒科技股份有限公司（「本公司」，及其附屬公司，統稱「本集團」或「我 們」）的 ...

Financial Performance - Revenue increased by 11.4% to approximately RMB 75,830,000 compared to RMB 68,065,000 in the previous year[6] - Gross profit rose by 22.4% to approximately RMB 30,177,000, with a gross margin of 39.8% compared to 36.2% in the previous year[6] - Profit attributable to equity holders was approximately RMB 4,028,000, a turnaround from a loss of RMB 1,005,000 in the previous year[6] - Basic earnings per share were approximately RMB 0.105, compared to a loss per share of RMB 0.026 in the previous year[6] - The company reported a profit attributable to equity holders of RMB 4,028,481 for the six months ended June 30, 2023, compared to a loss of RMB (1,004,912) for the same period in 2022, indicating a significant turnaround in performance[38] - Basic earnings per share for the six months ended June 30, 2023, was RMB 0.105, compared to a loss per share of RMB (0.026) in the same period of 2022[38] Assets and Liabilities - Total assets as of June 30, 2023, were RMB 279,635,724, slightly up from RMB 278,152,459 at the end of 2022[9] - Total liabilities decreased to RMB 160,480,232 from RMB 163,025,448 at the end of 2022[9] - Non-current assets increased to RMB 124,113,819 from RMB 118,817,267 at the end of 2022[8] - The company’s total assets as of June 30, 2023, were RMB 119,155,492, reflecting growth from RMB 115,127,011 at the beginning of the year[11] - The company’s retained earnings increased to RMB 30,696,947 as of June 30, 2023, from RMB 26,668,466 at the beginning of the year[11] - The company’s trade payables decreased to RMB 24,169,911 as of June 30, 2023, from RMB 24,664,261 as of December 31, 2022[47] Cash Flow - The net cash generated from operating activities was RMB 2,126,229, a significant improvement from a net cash used of RMB (13,310,390) in the first half of 2022[13] - Cash and cash equivalents were RMB 18,558,337, down from RMB 19,355,608 at the end of 2022[8] - The cash and cash equivalents at the end of the period were RMB 18,558,337, down from RMB 19,355,608 at the beginning of the period[13] - The group's cash and cash equivalents decreased by approximately RMB 798,000, with net cash inflow from operating activities of about RMB 2,126,000 and net cash outflow from investing activities of approximately RMB 4,034,000[70] Research and Development - Research and development expenses increased to RMB 5,343,483 from RMB 4,903,098 in the previous year[7] - The company has undertaken the development of two provincial-level new products and has applied for six patents during the reporting period[49] - The company established a key laboratory for the development and application of critical mineral materials in collaboration with Wuhan University of Technology, focusing on strategic mineral resources[49] - Research and development expenses increased by approximately RMB 440,000 or 9.0% to about RMB 5,343,000, mainly due to increased work on environmental research projects with Jilin Petrochemical Design Institute[63] Revenue Breakdown - Revenue from organic bentonite products was RMB 50,022,734, a 31.2% increase from RMB 38,108,519 in the same period of 2022[27] - Revenue from paper chemicals decreased by approximately RMB 6,626,000 or 30.6% to about RMB 15,021,000 for the six months ended June 30, 2023, primarily due to a sales volume decline of about 28.8%[51] - Organic bentonite revenue increased by approximately RMB 11,915,000 or 31.3% to about RMB 50,023,000 for the six months ended June 30, 2023, driven by increased sales volume[53] - Inorganic gel revenue rose by approximately RMB 3,566,000 or 66.8% to about RMB 8,907,000 for the six months ended June 30, 2023, also due to increased sales volume[53] Expenses - Total sales cost increased by approximately RMB 2,232,000 or 5.1% to about RMB 45,652,000 for the six months ended June 30, 2023[55] - The interest expenses for the period were RMB (3,484,126), up from RMB (2,979,885) in the previous year, reflecting increased borrowing costs[29] - The company reported a tax expense of RMB (174,996) for the six months ended June 30, 2023, compared to a tax credit of RMB 371,044 in the same period of 2022[35] Corporate Governance - The audit committee reviewed the unaudited consolidated financial statements for the six months ended June 30, 2023, and confirmed compliance with current accounting standards and GEM listing rules[107] - The company has adopted corporate governance measures to enhance internal control systems and ensure compliance with applicable codes[101] Dividends - The board of directors decided not to declare any interim dividend for the six months ended June 30, 2023[6] - The company did not declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[40] - The board resolved not to declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[100] Shareholding - As of June 30, 2023, Mr. Zhang Youlian holds 19,220,600 shares, representing approximately 50.05% of the issued share capital[88] - Ms. Yu Hua owns 3,576,000 shares, accounting for 9.31% of the issued share capital[91] - The company has maintained at least 25% of its issued share capital held by public shareholders during the reporting period[96] Future Outlook - The group believes it has sufficient financial resources to continue operations for the foreseeable future[80] - The company will issue its interim report for the six months ending June 30, 2023, to shareholders at an appropriate time[109] - The interim report will be available on the company's website and the Hong Kong Stock Exchange website[109] Other Information - The company has no significant contingent liabilities, legal proceedings, or potential lawsuits as of June 30, 2023[77] - There were no major acquisitions or disposals during the six months ended June 30, 2023[79] - There were no related party transactions or continuous related party transactions during the reporting period[94] - There were no significant events occurring after the reporting period as of the report date[108]

Zhejiang Chang’an Renheng Technology Co., Ltd.* 浙江長安仁恒科技股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：8139） 截至二零二三年六月三十日止六個月之 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 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上市的公司一般為中小型公司，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告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關浙江長安仁恒科技股份有限公司（「本公司」，及其附屬公司，統稱「本集團」或「我們」） 的資料 ...

Financial Performance - Revenue increased by 16.3% to approximately RMB 33,477,000 compared to RMB 28,793,000 in the same period last year[6] - Gross profit rose by 38.1% to approximately RMB 13,330,000, with a gross margin of 39.8% compared to 33.5% in the previous year[6] - Loss attributable to equity holders decreased by 83.6% to approximately RMB 283,000 from RMB 1,730,000 in the prior year[6] - Basic loss per share reduced by 80.0% to approximately RMB 0.01, down from RMB 0.05 in the same period last year[6] - Total comprehensive loss for the period attributable to equity holders was RMB 282,745, significantly lower than RMB 1,730,073 in the same period last year[7] - For the three months ended March 31, 2023, the company's revenue was approximately RMB 33,477,469, an increase of about RMB 4,684,000 or 16.3% compared to RMB 28,793,480 for the same period in 2022[28] - The gross profit for the same period was approximately RMB 13,330,000, representing an increase of about RMB 3,677,000 or 38.1% from RMB 9,563,000 in the previous year[30] - The company's loss attributable to equity holders for the three months ended March 31, 2023, was approximately RMB 282,745, a decrease of about RMB 1,447,000 or 83.6% from RMB 1,730,073 in the same period of 2022[31] Research and Development - Research and development expenses increased to RMB 2,593,939 from RMB 1,976,500 year-on-year[7] - Research and development expenses increased by approximately 31.2% to about RMB 2,594,000 for the three months ended March 31, 2023, compared to RMB 1,977,000 for the same period in 2022[30] - The company has undertaken two provincial-level new product development projects and applied for six patents during the reporting period[27] - The company has established a key laboratory for the development and application of critical mineral materials in collaboration with Wuhan University of Technology[27] - The company continues to focus on promoting organic bentonite for paint and coatings, with significant sales and profit growth in this area[27] - The company is developing high-dispersion bentonite for producing high solid content and solvent-free coatings, achieving a solid content of up to 70%[33] - The new coatings have low viscosity and do not require organic solvents for dilution, aligning with green coating standards to control VOC emissions from the source[33] Corporate Governance - The company has not engaged in any related party transactions or continuous related party transactions during the reporting period[44] - The board is committed to high standards of corporate governance and aims to create value for shareholders while ensuring compliance with local and international standards[48] - The company has established an audit committee with three independent non-executive directors to oversee financial reporting and internal controls[53] - The audit committee reviewed the unaudited financial report for the three months ending March 31, 2023, and confirmed compliance with current accounting standards and GEM listing rules[53] - The company has adopted a standard code for regulating directors' securities transactions, confirming full compliance by all directors during the reporting period[51] - The chairman and CEO roles are held by the same individual, Zhang Youlian, which the board believes provides strong leadership and effective long-term strategy implementation[50] Operational Developments - The company continues to focus on the development and production of bentonite-based fine chemicals, indicating ongoing investment in product innovation[10] - Distribution costs for the three months ended March 31, 2023, were approximately RMB 4,642,000, an increase of about RMB 815,000 or 21.3% from RMB 3,827,000 in the previous year[30] - Administrative expenses decreased by approximately RMB 315,000 or 6.5% to about RMB 4,568,000 for the three months ended March 31, 2023, compared to RMB 4,883,000 in the same period of 2022[30] - In 2023, the company will advance the construction of a project with an annual production capacity of 200,000 tons of special mortar putty, which has already received approval[36] - The special mortar project aims to enhance production technology and improve outdated processes, ensuring stable and reliable quality through strict control of raw materials and mixing[36] - The company is leveraging its unique bentonite resources to assist paper companies in achieving sustainable development through resource utilization and environmental protection[36] - The new bentonite product can significantly reduce production costs for paper manufacturers by allowing them to use more fillers and less pulp[36] Shareholder Information - As of March 31, 2023, Mr. Zhang Youlian holds 19,220,600 shares, representing approximately 50.05% of the issued share capital[38] - Ms. Yu Hua is a major shareholder with 3,576,000 shares, accounting for approximately 9.31% of the issued share capital[42] Compliance and Reporting - The financial statements were prepared in accordance with International Financial Reporting Standards, ensuring compliance and transparency[15] - There are no significant post-reporting period events as of the report date[55]

Zhejiang Chang’an Renheng Technology Co., Ltd.* 浙江長安仁恒科技股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：8139） 截至二零二三年三月三十一日止三個月之 第一季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 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聯交所主板買 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告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供 有關浙江長安仁恒科技股份有限公司（「本公司」，及其附屬公司，通稱「本集團」或「我 們」）的 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 * Zhejiang Chang’an Renheng Technology Co., Ltd. 浙江長安仁恒科技股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：8139） 澄清公告 年度業績公告，二零二二年報 謹此提述日期為二零二三年三月三十一日的浙江長安仁恒科技股份有限公司（「本公 司」），有關截至二零二二年十二月三十一日止年度之年度業績公告（「該公告」）及二零二 二年報（「該年報」）。除另有界定者外，本公告所用詞彙與該公告及該年報中所界定者具 有相同涵義。 本公司董事（「董事」）會（「董事會」）謹此澄清，由於無心之失導致的書寫錯誤，該公告第 42頁段落為： 暫停辦理H股股份過戶登記手續 符合出席即將舉行之股東週年大會及在會上投票的資格 ...

Financial Performance - The company reported a revenue of RMB 150.82 million for the year ended December 31, 2022, representing a 4.4% increase from RMB 144.40 million in 2021[10]. - The net profit attributable to equity holders was RMB 1.42 million, a decrease of 80.9% from RMB 7.44 million in the previous year[10]. - The overall gross profit margin decreased to 36.7%, down 4.9 percentage points from 41.6% in the prior year[15]. - Basic earnings per share were RMB 0.04, a decline of 78.9% compared to RMB 0.19 in the previous year[10]. - The total revenue for 2022 was approximately RMB 150,817,000, compared to RMB 144,398,000 in 2021[26]. - Gross profit decreased from approximately RMB 60,042,000 in 2021 to approximately RMB 55,290,000 in 2022, a decline of about RMB 4,752,000 or 7.9%[35]. Revenue Breakdown - In 2022, the company's revenue from paper chemicals increased by approximately RMB 19,314,000 or 91.5%, from RMB 21,118,000 in 2021 to RMB 40,432,000[27]. - Revenue from organic bentonite decreased by approximately RMB 8,488,000 or 9.0%, from RMB 94,664,000 in 2021 to RMB 86,176,000 in 2022, due to a decline in both sales volume and price[27]. - The inorganic gel revenue decreased by approximately RMB 4,685,000 or 20.1%, from RMB 23,255,000 in 2021 to RMB 18,570,000 in 2022, attributed to reduced sales volume and price[29]. Cost and Expenses - The total cost of sales increased from approximately RMB 84,356,000 in 2021 to approximately RMB 95,527,000 in 2022, representing a growth of about RMB 11,171,000 or 13.2%[30]. - The cost of raw materials and consumables rose from approximately RMB 60,063,000 in 2021 to approximately RMB 69,257,000 in 2022, an increase of about RMB 9,194,000 or 15.3%[31]. - Distribution costs increased from approximately RMB 16,722,000 in 2021 to approximately RMB 20,305,000 in 2022, an increase of about RMB 3,583,000 or 21.4%[36]. - Administrative expenses decreased from approximately RMB 21,280,000 in 2021 to approximately RMB 16,813,000 in 2022, a reduction of about RMB 4,467,000 or 21.0%[37]. - R&D expenses slightly decreased from approximately RMB 10,698,000 in 2021 to approximately RMB 10,613,000 in 2022, a decrease of about RMB 85,000 or 0.8%[39]. Financial Ratios - The current ratio improved by 11.1% to 1.20 from 1.08 in 2021[10]. - The quick ratio increased by 17.5% to 0.74 from 0.63 in the previous year[10]. - The debt-to-equity ratio rose to 87.4%, an increase of 12.4 percentage points from 75.0% in 2021[10]. - The average inventory turnover days increased from 221 days in 2021 to 229 days in 2022, primarily due to an increase in average inventory[51]. - The average trade receivables turnover days improved from 161 days in 2021 to 157 days in 2022, attributed to increased sales[57]. Research and Development - The company invested RMB 10,613,000 in research and development in 2022, focusing on new product development and applying for six patents[21]. - The company aims to develop high-suspension nano inorganic gels for high-end water-based coatings, aligning with national policies for green development[17]. - The company has applied for patents for high-dispersion bentonite used in high solid content and solvent-free coatings[75]. Corporate Governance - The company has adopted a corporate governance code to enhance internal control systems and ensure high standards of governance, aiming to create value for shareholders[101]. - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[104]. - The company has complied with all applicable provisions of the corporate governance code during the review period, with some deviations noted regarding the separation of roles between the chairman and CEO[101]. - The board has established three committees: audit, remuneration, and nomination, to monitor specific areas of the company's operations[118]. Shareholder Information - The company reported a retained profit of approximately RMB 68,057,000 as of December 31, 2022, compared to RMB 69,100,000 as of December 31, 2021[178]. - The company did not declare any final dividends for the fiscal year ending December 31, 2022, consistent with the previous year[157]. - The company has adopted a dividend policy that considers financial performance, cash flow, and overall business conditions before declaring dividends[160]. Environmental and Social Responsibility - The company has implemented various green office measures to promote environmental sustainability, adhering to the principles of Reduce, Recycle, and Reuse[164]. - The group aims to transition from traditional coatings to green coatings, focusing on reducing volatile organic compound (VOC) emissions[75]. - The company has not made any charitable donations during the review year, consistent with the previous year[180]. Risk Management - The internal control system is designed to ensure assets are not misappropriated and to manage operational risks[135]. - The risk management framework includes identifying significant risks and assessing their impact on the business[136]. - The company strictly adheres to anti-corruption laws and has a zero-tolerance policy for unethical business conduct[140].

Zhejiang Chang’an Renheng Technology Co., Ltd.* 浙江長安仁恒科技股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：8139） 截至二零二二年十二月三十一日止年度的 全年業績公告 香港聯合交易所有限公司（「聯交所」）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上市的公司一般為中小型公司，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告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 本公告的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供 有關浙江長安仁恒科技股份有限公司（「本公司」，及其附屬公司，統稱「本集團」）的資 料；本公司的董事（ ...