香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SuperRobotics Holdings Limited 超 人 智 能 控 股 有 限 公 司 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8176） 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之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供 一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周 詳之考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較在主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 本公告的資料乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關超人智 能控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）的資料；本公司董事（「董事」 及各自為一名「董事」）願 ...

Financial Performance - For the three months ended March 31, 2023, the company reported a revenue of HKD 500,000, compared to HKD 502,000 for the same period in 2022, representing a slight decrease of 0.4%[6] - The cost of sales increased to HKD 471,000 from HKD 343,000, resulting in a gross profit of HKD 29,000, down 81.8% from HKD 159,000 in the previous year[6] - Other income surged to HKD 1,906,000, a significant increase of 608.2% compared to HKD 268,000 in Q1 2022[6] - Operating loss for the quarter was HKD 1,167,000, a reduction of 86.8% from HKD 8,824,000 in the same quarter last year[6] - The company reported a pre-tax loss of HKD 7,511,000, an improvement of 34.3% compared to HKD 11,479,000 in Q1 2022[6] - The total comprehensive loss for the period was HKD 51,617,000, compared to HKD 20,201,000 in the previous year, reflecting a significant increase in foreign exchange losses[7] - Basic and diluted loss per share was HKD 0.79, compared to a loss of HKD 1.29 per share in the same period last year[7] - The company experienced a foreign exchange loss of HKD 44,106,000, which was a substantial increase from HKD 8,722,000 in Q1 2022[6] Business Operations - The company has ceased its beauty business operations, focusing solely on its robotics business, which may impact future revenue streams[13] - Operating loss for the three months ended March 31, 2023, was approximately HKD 7,500,000, reduced from HKD 11,500,000 in the same period of 2022, primarily due to decreased R&D and employee costs[27] - Administrative expenses for the three months ended March 31, 2023, were approximately HKD 2,400,000, a decrease of about 69.3% compared to HKD 7,800,000 in the same period of 2022[27] - Other income for the three months ended March 31, 2023, was approximately HKD 1,900,000, significantly higher than HKD 300,000 in the same period of 2022, mainly due to waived loan interest expenses[27] - Sales and distribution costs for the three months ended March 31, 2023, were approximately HKD 700,000, a decrease of about 50.8% compared to HKD 1,400,000 in the same period of 2022[27] - The company did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2023[31] Shareholder Information - Major shareholders include Su Zhitun with a 29.91% stake and Rongke Holdings with a 25.72% stake in the company[36][37] - As of March 31, 2023, the company had 506,219,666 shares issued, with On Top Global holding interests in 24,397,946 shares, representing approximately 4.82% of total shares[42] - KE10MA Holdings owned interests in 29,286,971 shares, accounting for about 5.77% of the total shares[42] - Greater Harmony held interests in 30,000,000 shares, which is approximately 5.91% of the total shares[42] - The company did not repurchase any of its listed shares during the three months ended March 31, 2023[42] Corporate Governance - The Audit Committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the three months ended March 31, 2023[43] - The company has adopted its own code of conduct for securities trading, ensuring compliance with the standards set forth in the GEM Listing Rules[40] - The company has maintained high standards of corporate governance, focusing on integrity, quality of information disclosure, transparency, and accountability[44] - As of the report date, the company has not appointed a CEO and is in the process of identifying a suitable candidate[44] - The company confirmed that all directors complied with the securities trading code during the three months ended March 31, 2023[40] - There were no significant competitive interests held by directors or major shareholders as of March 31, 2023[41] Market Insights - The global robotics market is expected to reach $51.3 billion in 2022, with China's robotics market projected to hit $17.4 billion, reflecting an average annual growth rate of 22% over five years[32] - The global service robotics market is anticipated to grow from $21.7 billion in 2022 to $29 billion by 2024, driven by increased demand for contactless services during the pandemic[33] - The global special robotics market is estimated to exceed $10 billion in 2022 and reach $14 billion by 2024, with an average annual growth rate of 21.7% since 2017[33] - From 2018 to Q3 2022, there were 500 financing activities related to robotics companies, totaling approximately RMB 84 billion, with an average financing amount of RMB 260 million per transaction[34] - The density of manufacturing robots in China is expected to double by 2025 compared to 2020, significantly enhancing the application of service and special robots[35] - The Chinese intelligent robotics market is projected to approach RMB 100 billion by 2025, driven by the integration of robotics into various industries[35] - Core components account for over 70% of the total cost of traditional industrial robots, highlighting their importance in the robotics industry[32] - The financing activities in the robotics sector are increasingly concentrated, indicating a shift towards stable development in the market[34] - The demand for automation and intelligent production capabilities has surged due to the pandemic, fostering healthy growth in the robotics industry[35] Debt and Capitalization - The company plans to issue new shares for debt capitalization, with a total debt of approximately HKD 26,728,945 to be settled through the issuance of 101,243,933 shares at HKD 0.23 each[24] - The total equity as of March 31, 2023, was HKD 251,962,000, down from HKD 200,345,000 at the beginning of the year[9] - The company has no significant contingent liabilities as of March 31, 2023[23]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SuperRobotics Holdings Limited 超 人 智 能 控 股 有 限 公 司 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8176） 第一季度業績公告 截至二零二三年三月三十一日止三個月 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供 一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周 詳之考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較在主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 本公告之資料乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關超人智 能控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）之資料；本公司董事（「董事」 及各自為一名「董事 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SuperRobotics Holdings Limited 超 人 智 能 控 股 有 限 公 司 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8176） 截至二零二二年十二月三十一日止年度之 全年業績公告 超人智能控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬 公司截至二零二二年十二月三十一日止年度之經審核綜合業績（「全年業績」）。本公告載 列本公司截至二零二二年十二月三十一日止年度之二零二二年年度報告（「年報」）全文， 並符合香港聯合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）有關全 年業績初步公告附載之資料之相關規定。全年業績已由董事會及本公司審核委員會審閱。 年報將刊登於本公司網站(www.superrobotics.com.hk)及聯交所網站(www.hkexnews.hk)，而 印刷版本將根據GEM上市規則的相關規定於 ...

Economic Outlook and Market Opportunities - The group anticipates a rapid economic recovery in 2023 due to the lifting of pandemic control measures, which is expected to positively impact the development of its smart robotics products and business expansion [10]. - The group has established a strategic partnership with Shenzhen Yuntian Lifi Technology Co., Ltd. to develop customized smart patrol robots for the smart security market, specifically targeting the Deep-Shan Special Cooperation Zone project [10]. - The special bomb disposal robots have successfully secured orders from multiple key cities and police academies, indicating a strong market presence in public security equipment [10]. - Anze Intelligent Robot, a subsidiary of the group, has delivered multiple sets of special robot products to professional institutions and local public security agencies, achieving excellent results in customer demonstrations [14]. - The group has entered the supplier list of several approved property management companies, including Vanke Real Estate, which lays a solid foundation for future business opportunities in property management and community services [11]. - The group has developed various intelligent property management devices and solutions over the past two years, enhancing its product offerings and market reach [11]. - The group is actively exploring additional business opportunities along the value chain to ensure sustainable development, rather than relying solely on a single product type and a few major clients [11]. Financial Performance - In 2022, the company's revenue was approximately HKD 4,000,000, a decrease of about 78.4% compared to HKD 18,500,000 in 2021 [21]. - The engineering business revenue decreased by 78.5%, contributing approximately HKD 3,900,000 to the total revenue [20]. - The gross loss for the year was approximately HKD 1,000,000, with a gross loss margin of 25.0% [21]. - Other income for the year was approximately HKD 5,800,000, down from HKD 17,500,000 in the previous year [21]. - The financing cost for the year was approximately HKD 27,300,000, compared to HKD 24,100,000 in the previous year [24]. - The total liabilities amounted to approximately HKD 139,400,000, with HKD 122,900,000 due within one year [27]. - The company aims to improve its financial structure through negotiations with creditors regarding loan extensions and potential restructuring arrangements [20]. - The total assets as of December 31, 2022, were approximately HKD 22,200,000, down from HKD 46,000,000 in the previous year [28]. - The company employed 35 staff members as of December 31, 2022, a decrease from 77 in the previous year, with total employee costs around HKD 11,100,000 [35]. Funding and Investment - The company plans to continue seeking additional funding from external resources and/or fundraising opportunities [46]. - The company entered into a new financing agreement with Huizhou Jindasheng Investment Co., Ltd., borrowing approximately RMB 108,634,000 (equivalent to HKD 122,549,000) at an annual interest rate of 18% for three years [40]. - The company has established a memorandum of understanding with an independent third party for sales of engineering products and related services worth approximately HKD 17,000,000 [46]. - The company has entered into a repayment agreement for unsecured loans totaling HKD 9,726,000, with lenders agreeing to waive approximately HKD 1,644,000 in unpaid interest [40]. Market Trends and Projections - The global robot market is expected to reach USD 51.3 billion in 2022, with China's robot market projected to reach USD 17.4 billion, reflecting a five-year CAGR of 22% [41]. - The service robot market is anticipated to grow to USD 29 billion by 2024, driven by increased demand for non-contact services during the pandemic [42]. - The industrial robot market is expected to reach USD 8.7 billion in 2022, while the service robot market is projected to reach USD 6.5 billion [41]. Corporate Governance and Compliance - The company has adopted the corporate governance code and complies with most applicable provisions, with some deviations explained in the corporate governance report [142]. - The board of directors consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced representation [147][149]. - Independent non-executive directors confirmed their independence in accordance with GEM Listing Rules, ensuring compliance with governance standards [152]. - The company emphasizes board diversity as a key element for achieving strategic goals and sustainable development [151]. - The company has established risk management procedures integrated into daily activities, considering both internal and external factors [62]. - The company has implemented measures to ensure compliance with GEM listing rules regarding related party transactions [127]. Employee and Director Compensation - The employee compensation policy is based on job responsibilities, performance, professional experience, and current industry practices [94]. - The board of directors' remuneration is determined after considering recommendations from the remuneration committee based on the company's operational performance and market statistics [95]. - The company has established a remuneration policy for senior management and executive directors, ensuring performance-based compensation [166]. Environmental, Social, and Governance (ESG) Commitments - An Environmental, Social, and Governance (ESG) committee was established in December 2021 to focus on ESG-related issues and develop principles and policies for the group [199]. - The company is committed to providing quality and socially responsible products and services while minimizing environmental and social impacts [197]. - The company maintains ongoing dialogue with stakeholders, including customers and suppliers, to address concerns and expectations regarding ESG performance [199]. Shareholder Relations and Dividends - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance and strategies [193]. - The board approved a dividend policy on March 26, 2019, allowing shareholders to share in profits while retaining liquidity for future growth opportunities [194]. - The company will review its dividend policy periodically and may adopt applicable changes without guaranteeing specific dividend amounts during any designated period [195].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SuperRobotics Holdings Limited 超 人 智 能 控 股 有 限 公 司 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8176） 截至二零二二年十二月三十一日止年度之 全年業績公告 超人智能控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬 公司截至二零二二年十二月三十一日止年度之經審核綜合業績（「全年業績」）。本公告載 列本公司截至二零二二年十二月三十一日止年度之二零二二年年度報告（「年報」）全文， 並符合香港聯合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）有關全 年業績初步公告附載之資料之相關規定。全年業績已由董事會及本公司審核委員會審閱。 年報將刊登於本公司網站(www.superrobotics.com.hk)及聯交所網站(www.hkexnews.hk)，而 印刷版本將根據GEM上市規則的相關規定於 ...

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 1,689,000, compared to HKD 1,431,000 for the same period in 2021, representing a year-over-year increase of 18%[5] - The gross profit for the nine months ended September 30, 2022, was HKD 526,000, a decrease from HKD 2,460,000 in the same period of 2021, indicating a decline of 79%[5] - The total revenue for the nine months ended September 30, 2022, was HKD 2,923,000, compared to HKD 13,636,000 for the same period in 2021, representing a decrease of 79%[5] - Revenue from the engineering products and related services segment for the nine months ended September 30, 2022, was HKD 2,923,000, a decrease of 78.6% from HKD 13,636,000 in the same period of 2021[21] - For the nine months ended September 30, 2022, the company's revenue was approximately HKD 2,900,000, a decrease of about 78.6% compared to HKD 13,600,000 in the same period of 2021[33] Loss and Expenses - The operating loss for the three months ended September 30, 2022, was HKD 5,030,000, compared to an operating loss of HKD 13,038,000 for the same period in 2021, showing an improvement of 61%[5] - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 30,573,000, down from HKD 79,708,000 in the same period of 2021, reflecting a reduction of 62%[7] - The company reported a basic and diluted loss per share of HKD 5.33 for the three months ended September 30, 2022, compared to HKD 2.33 for the same period in 2021[9] - The company reported a loss attributable to owners of the company of HKD 5,925,000 for the nine months ended September 30, 2022, compared to a loss of HKD 11,889,000 for the same period in 2021[27] - The company reported total comprehensive expenses of HKD 30,573,000 for the nine months ended September 30, 2022, compared to HKD 1,949,000 for the same period in 2021[24] - The company reported a loss attributable to owners of approximately HKD 30,300,000 for the nine months ended September 30, 2022, compared to a loss of HKD 73,500,000 in 2021, with the reduction mainly due to decreased R&D costs[35] Costs and Financing - The company incurred financing costs of HKD 5,651,000 for the three months ended September 30, 2022, slightly up from HKD 5,536,000 in the same period of 2021[5] - Administrative expenses for the nine months ended September 30, 2022, were approximately HKD 15,300,000, a decrease of about 62.5% from HKD 40,300,000 in 2021, mainly due to reduced R&D and employee costs[35] Equity and Shares - The company’s total equity as of September 30, 2022, was HKD 118,543,000, down from HKD 198,236,000 as of September 30, 2021[12] - As of September 30, 2022, the company had 506,219,666 shares outstanding, with major shareholders holding significant stakes, including Tai Dong with 151,425,197 shares, representing 29.91%[48] - HKBridge Absolute Return Fund, L.P. holds 64,148,063 shares, accounting for 12.67% of the company's total shares[50] - The company has a controlled interest in 130,212,675 shares, which is 25.72% of the total shares, held by On Top Global Limited[50] - As of September 30, 2022, the company had issued 506,219,666 shares[56] Corporate Governance - The company confirmed that all directors complied with the securities trading code during the nine months ending September 30, 2022[57] - The audit committee reviewed the unaudited consolidated third-quarter results for the nine months ending September 30, 2022[65] - The company has adhered to the corporate governance code throughout the nine months ending September 30, 2022[66] - The company is currently seeking a suitable candidate for the position of CEO to comply with corporate governance standards[68] Market and Industry Outlook - The anticipated annual sales growth rate for the Chinese robotics market is projected to be around 15%-20%, with localization rates expected to exceed 41% in 2022[38] - The Chinese robotics industry has received strategic attention at the national level, with expected annual revenue growth rates exceeding 20% during the 14th Five-Year Plan period[40] - The market for industrial robots in China is expected to reach RMB 44,570,000,000 in 2021, with projections to exceed RMB 58,900,000,000 by 2023[43] - The company aims to promote the development and application of robotic products, enhancing performance, quality, and safety levels through innovation and smart transformation[43] Risks and Challenges - The company faces significant risks in the robotics market due to increasing competition and macroeconomic influences affecting product demand and pricing[44] - Supply chain risks are highlighted, particularly regarding the availability and price stability of raw materials and key components necessary for production[44] - The company is aware of potential risks from national industrial policies, including tax and interest rate changes that could impact operations[44] - The company recognizes the threat of new entrants and competition from existing firms, which could lead to market risks[44] - The company’s future business will face significant challenges as demand for artificial intelligence continues to grow[44] - The company is committed to preparing for the dynamic risks associated with technological advancements in the robotics sector[44] - The company is preparing for various scenarios as it anticipates ongoing challenges from technological innovations and their impact on service industries and smart manufacturing[44] Discontinued Operations - The company experienced a net loss from discontinued operations of HKD 3,424,000 for the nine months ended September 30, 2021[7] - The company has terminated its beauty business as of June 30, 2021, resulting in no revenue from this segment during the review period[32] Stock Options - A total of 743,475 stock options were unexercised as of September 30, 2022, with an exercise price of HKD 8.90[60] - The stock options granted to employees are divided into four tranches, with vesting periods from January 3, 2017, to January 2, 2022[61] - There were no repurchases of listed shares during the nine months ending September 30, 2022[64]

Financial Performance - For the six months ended June 30, 2022, the company reported revenue of HKD 1,233,000, a decrease of 88.1% compared to HKD 10,343,000 in the same period of 2021[5] - The gross profit for the same period was HKD 267,000, down 79.0% from HKD 1,275,000 year-on-year[5] - The operating loss for the six months was HKD 8,600,000, compared to an operating loss of HKD 46,283,000 in the previous year, indicating an improvement[5] - The total comprehensive loss for the six months was HKD 19,845,000, compared to a loss of HKD 55,551,000 in the same period of 2021[7] - The company reported a basic and diluted loss per share of HKD 2.09 for the six months, compared to HKD 8.90 in the previous year[9] - The company recorded other income of HKD 859,000 for the six months, a decrease of 24.5% from HKD 1,133,000 in the previous year[5] - The company reported a net loss from discontinued operations of HKD 545,000 for the six months, compared to HKD 3,211,000 in the previous year[5] - The company reported a total comprehensive loss of HKD (19,846) million for the six months ended June 30, 2022, compared to a loss of HKD (55,551) million in the same period last year[21] - The loss attributable to the company's owners for the six months ended June 30, 2022, was approximately HKD 10,000,000, a decrease from HKD 41,800,000 in 2021[66] - The loss from discontinued operations for the six months ended June 30, 2022, was HKD 500,000, compared to a profit of HKD 3,200,000 in 2021, primarily due to goodwill impairment losses of HKD 18,600,000 in the beauty business[67] Assets and Liabilities - As of June 30, 2022, total assets were HKD 38,979,000, down from HKD 46,045,000 at the end of 2021[11] - Current liabilities increased to HKD 60,560,000 from HKD 57,285,000 year-on-year[13] - Total liabilities increased to HKD 226,729 million, up from HKD 211,166 million, representing a growth of 7.4% year-over-year[15] - The company has cash and cash equivalents of HKD 17,205,000, down from HKD 20,835,000 at the end of 2021[11] - The net debt increased to HKD (187,750) million from HKD (165,121) million, indicating a worsening financial position[18] - The company’s equity decreased to HKD 39,979 million from HKD 46,045 million, reflecting a decline of 13.5%[16] - As of June 30, 2022, the total borrowings of the group were approximately HKD 137,800,000, with HKD 77,200,000 due within one to two years and HKD 60,600,000 due within two to five years[68] Cash Flow - Net cash used in operating activities was HKD (7,693) million, an improvement from HKD (22,342) million in the previous year[25] - Cash and cash equivalents at the end of the period decreased to HKD 17,205 million from HKD 29,209 million, a decline of 41.1%[25] - The company’s cash flow from investing activities was HKD (700) million, a significant decrease from HKD 19,017 million generated in the previous year[25] - The company’s financing activities generated a net cash inflow of HKD 10,506 million, contrasting with a cash outflow of HKD (27,776) million in the prior year[25] Shareholder Information - Tai Dong holds 151,425,197 shares, representing 29.91% of the company's total equity[1] - HKBridge Absolute Return Fund, L.P. owns 64,148,063 shares, accounting for 12.67% of the total equity[1] - 融科控股集團有限公司 has a controlled interest in 130,212,675 shares, which is 25.72% of the total equity[1] - 港橋投資有限公司 holds 41,666,666 shares, representing 8.23% of the total equity[1] - KE10MA Holdings Inc. owns 29,286,971 shares, accounting for 5.79% of the total equity[1] - Greater Harmony Limited holds 30,000,000 shares, which is 5.93% of the total equity[1] - The total number of issued shares as of June 30, 2021, is 506,219,666[1] Corporate Governance - The audit committee consists of three independent non-executive directors, with Ms. Han Xiao as the chairperson[111] - The company has adhered to the GEM Listing Rules and corporate governance code throughout the six months ending June 30, 2022[114] - The roles of the chairman and CEO are clearly defined and separated, with Mr. Su Zhitun serving as the chairman[114] - As of June 30, 2022, the company has not appointed a CEO and is in the process of identifying a suitable candidate[114] - The board is committed to maintaining high standards of corporate governance to ensure compliance with laws and regulations[112] Market Outlook - The company anticipates an annual sales growth rate of approximately 15%-20% in the Chinese robotics market, with localization rates expected to exceed 41% in 2022[79] - The robotics industry in China is expected to achieve an average annual growth rate of over 20% in operating revenue during the 14th Five-Year Plan period[79] - The smart robot industry is projected to reach a market size of RMB 83.9 billion in 2021, with the industrial robot market expected to reach RMB 44.57 billion[83] - By 2023, the industrial robot market in China is anticipated to exceed RMB 58.9 billion, representing a significant growth trajectory[83] - Over the past decade, investments and financing in the smart robot industry have surpassed $100 billion, indicating strong capital interest[82] - The AI investment market saw a steady increase, with venture capital reaching $9.3 billion in 2018, highlighting the growing importance of AI technologies[82] - The global GDP is expected to gain an additional 14% growth from the AI market, equivalent to $1.57 trillion, showcasing the economic impact of AI[82] Risks and Challenges - The company acknowledges potential market risks, including supply chain stability and competition from new entrants, which could impact operational performance[85] - The company emphasizes the need for comprehensive testing of AI and robot technologies in daily applications to ensure business sustainability[85]

Financial Position - The total assets as of December 31, 2021, amounted to HKD 46,045 million[18] - The total liabilities were reported at HKD 223,553 million, resulting in a net equity of HKD (177,508) million[25] - Current assets totaled HKD 39,793 million, with cash and cash equivalents contributing HKD 20,835 million[16] - The company reported a capital deficit of HKD 51,647 million attributable to owners of the company[23] - Non-controlling interests were valued at HKD 125,861 million, reflecting a decrease of HKD 15,088 million[24] - The company’s trade payables stood at HKD 4,423 million, with other payables at HKD 54,127 million[27] - The total equity attributable to the owners of the company was HKD (51,647) million, indicating financial challenges[23] - The company has a significant amount of non-current liabilities, including other borrowings of HKD (70,654) million[27] - The total capital and reserves were reported at HKD 102,269 million, with a capital deficit of HKD 177,508 million[25] - The company’s financial position indicates a high level of liabilities compared to assets, with a net liability ratio of approximately 384%[25] Financial Performance - The company reported a total revenue loss of HKD 18,455,000 for the year ended December 31, 2021[29] - The gross loss amounted to HKD 5,334,000, with total other income losses reaching HKD 17,549,000[29] - Operating loss was reported at HKD 30,306,000, while financing costs totaled HKD 19,267,000[29] - The net loss from continuing operations was HKD 49,245,000, and the total comprehensive loss for the year was HKD 74,780,000[29] - The company’s total borrowings were approximately HKD 132.6 million as of December 31, 2021[54] Strategic Initiatives - Management plans to reduce total costs by 15% compared to the previous year through automation and cost control measures[57] - New contracts signed in June 2022 are expected to generate revenues of RMB 11,060,000 and RMB 3,468,000, with delivery dates by September 2022[57] - The company is actively seeking external financing and fundraising opportunities to improve liquidity[58] - The company is negotiating a new financing agreement of HKD 150 million with Huizhou Jindasheng Investment Co., Ltd[57] - The company aims to strengthen relationships with key customers to secure more recurring orders and improve cash flow[54] Operational Viability - The company's ability to continue operations depends on generating sufficient financial cash flow[59] - The audit opinion is expected to be removed from the consolidated financial statements for the year ending December 31, 2022, assuming timely implementation of the action plan[59]

Business Challenges and Responses - The group faced significant challenges in 2021 due to the COVID-19 pandemic, impacting the global economy and leading to cost pressures and order backlogs in the robotics business[15]. - The company has implemented multiple preventive measures in accordance with national and local COVID-19 regulations to mitigate the impact of the pandemic[15]. - Communication costs have increased significantly when engaging with overseas clients, particularly in expanding business with customers in Hong Kong and Southeast Asia[16]. - The robotics business has been affected by supply chain tensions and prolonged material cycles, leading to increased operational challenges[15]. - The company remains cautiously optimistic about China's economic recovery, despite ongoing sporadic COVID-19 cases affecting business development in certain regions[15]. Business Focus and Development - In 2021, the company divested its beauty products and services business to focus on intelligent equipment and engineering as its main business[16]. - The company continued to develop and sell a range of intelligent robots and automation systems, including service robots, patrol robots, and delivery robots, aimed at various sectors such as airports and smart communities[16]. - The R&D center, industrial base, and sales center established in Shenzhen will promote the popularization and promotion of robotics products under independent intellectual property rights[16]. - The group is committed to driving innovation in robotics technology and expanding its market presence through strategic initiatives[16]. - The company aims to leverage artificial intelligence to enhance the value of its intelligent applications and solutions for users[16]. Financial Performance - The group's revenue for the year was approximately HKD 18,500,000, a decrease of about 18.9% compared to HKD 22,800,000 in the previous year[26]. - Gross profit for the year was approximately HKD 5,300,000, with a gross margin of about 28.9%, down from a gross margin of 65.6% in the previous year[26]. - Other income for the year was approximately HKD 17,500,000, significantly higher than HKD 2,900,000 in the previous year, mainly due to a waiver of director remuneration of about HKD 14,200,000[26]. - The group’s engineering business revenue decreased by 18.9%, contributing approximately HKD 18,500,000 to total revenue[25]. - The group’s administrative expenses were approximately HKD 41,400,000, down from HKD 75,300,000 in the previous year, primarily due to reduced employee-related expenses[28]. Market Outlook and Growth - The outlook for 2022 anticipates a 15%-20% annual sales growth rate in the Chinese robotics market, driven by increased demand in various industries[47]. - The Chinese robot industry is expected to achieve an average annual growth rate of over 20% in operating revenue during the 14th Five-Year Plan period[49]. - The market size of China's intelligent robot industry is projected to reach RMB 83.9 billion in 2021, with the industrial robot market expected to reach RMB 44.57 billion, and to exceed RMB 58.9 billion by 2023[51]. - The investment and financing in the intelligent robot industry have surpassed USD 100 billion over the past decade, indicating strong capital interest in the sector[50]. - The anticipated additional growth contribution of the artificial intelligence market to global GDP is 14%, equivalent to USD 1.57 trillion[50]. Corporate Governance and Compliance - The company operates under various legal and regulatory frameworks in Hong Kong, China, and Canada, ensuring compliance with applicable laws[65]. - The company has established internal monitoring and approval processes to ensure compliance with regulations across different jurisdictions[65]. - The company is committed to compliance with applicable laws and regulations in China, which is crucial for expanding into the robotics product sector[73]. - The company has taken sufficient measures to ensure that its corporate governance practices are rigorous and not less than those set out in the corporate governance code[160]. - The company has adopted its own code of conduct for securities trading applicable to all directors and relevant employees[149]. Risk Management and Sustainability - The group has established risk management procedures integrated into daily operations, considering both internal and external factors[68]. - The company is committed to environmentally sustainable business practices, ensuring no significant environmental impact from its operations[64]. - The company has a dedicated environmental policy aimed at sustainable development[64]. - The company emphasizes the importance of effective risk management and internal controls to mitigate risks and protect shareholder investments[190]. - The company has implemented measures to ensure compliance with GEM listing rules and has taken steps to address any non-compliance issues[182]. Shareholder and Stakeholder Relations - The company maintains effective communication with shareholders, particularly through the Annual General Meeting and other shareholder meetings[200]. - The company is committed to continuous dialogue with shareholders to enhance investor relations[200]. - The company has established appropriate liability insurance arrangements for directors against legal actions arising from corporate activities[95]. - The company has a strong management team with extensive experience in finance and investment, enhancing its operational capabilities[57][60]. - The company has a diverse board of directors with expertise in various fields, contributing to effective governance[59][60].