Financial Performance - For the year ended December 31, 2024, the Group recorded revenue of approximately RMB22,279,000, representing an increase of approximately RMB496,000 or 2.3% compared to RMB21,783,000 in 2023[17]. - The increase in revenue is attributed to the Group maintaining and stabilizing its existing business operations[17]. - The gross profit margin increased to 7.94% in 2024 from 7.46% in 2023, primarily due to reduced cost of sales[36]. - Loss attributable to shareholders decreased to approximately RMB1,298,000 in 2024, a reduction of approximately RMB2,216,000 compared to the previous year[38]. - Current assets decreased to approximately RMB12,041,000 in 2024, down by approximately RMB1,132,000 from 2023[41]. - Current liabilities increased to approximately RMB65,607,000 in 2024, representing an increase of approximately RMB143,000 compared to 2023[42]. - The Group's bank borrowings increased to approximately RMB2,952,000 in 2024 from RMB2,000,000 in 2023[45]. - Other income and gains decreased to approximately RMB6,000 in 2024 from RMB18,000 in 2023[36]. - The Group faced liquidity risk with net current liabilities of approximately RMB 53,566,000 as of December 31, 2024[115]. Business Operations - The Group's major business includes the design, manufacture, and sales of CNC machine tools, optical and mechanical products, and sales of controller systems for electronic equipment[16]. - The Group is actively expanding its product offerings, including high-end CNC machine tools and optical machines, to enhance product innovation and market expansion[32]. - Strategic partnerships have been established to expand the products and sales markets, focusing on intelligent control systems[50]. - The Group's marketing team is expanding business in multiple cities, including Hangzhou, Shanghai, and Nanjing, to increase new sales customers[33]. - The Group aims to continue exploring business opportunities in intelligent control systems despite the challenging market conditions in 2025[24]. Economic Environment - The overall economic environment in China in 2024 was challenging for private enterprises, leading the Group to simplify its operation structure and control costs[15]. - The Group anticipates that the economic growth rate will continue to slow down in 2025, alongside increasing competition and production costs[20][21]. - Automation and the replacement of labor by robotics are expected to accelerate, presenting both challenges and opportunities for the Group[23]. Corporate Governance - The Group was in compliance with all applicable laws and regulations during the year ended December 31, 2024[68]. - The company is focused on enhancing its corporate governance structure, with independent non-executive directors providing oversight since 2012[84][87]. - The Company has complied with the Corporate Governance Code throughout the year ended December 31, 2024, with details disclosed in the Corporate Governance Report[198]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended December 31, 2024[70]. - The Group has no reserves available for distribution to shareholders as of December 31, 2024[123]. - Mr. He Keng holds 370,000,000 Domestic Shares, representing approximately 74% of the entire issued share capital of the Company as of December 31, 2024[160]. - The total number of Domestic Shares held by substantial shareholders is 370,000,000, which constitutes 74% of the registered capital[167]. - The largest customer accounts for 45% of total sales, while the five largest customers combined account for 98% of total sales[186]. - The largest supplier accounts for 69% of total purchases, and the five largest suppliers combined account for 97% of total purchases[186]. Employee Information - As of December 31, 2024, the Group had 11 employees, with female employees accounting for approximately 72.7%[53]. - The Group's employee headcount remained stable at 11 from 2022 to 2024, with consistent roles across sales, production, finance, and procurement[59]. - The remuneration of directors is subject to shareholders' approval and is determined based on market terms and performance[60]. Legal and Compliance - The Group is involved in an ongoing legal dispute with a former employee, claiming approximately HK$2,600,000, with a provision of RMB86,000 made in the consolidated financial statements for the year ended December 31, 2024[191]. - No complaints were received from suppliers during the year, and all debts were settled on or before due dates[194]. - The company has no specific environmental standards or requirements for conducting its business according to relevant laws[187]. Management Team - The company has a strong management team with members holding degrees in accounting, finance, and engineering from reputable universities[82][90]. - The management team has extensive experience in production management and operations, with key members having backgrounds in engineering and corporate governance[90][97]. - The company aims to expand its market presence and improve operational efficiency through strategic management and governance practices[90].

Financial Performance - For the year ended December 31, 2024, the Group recorded revenue of approximately RMB22,279,000, representing an increase of approximately RMB496,000 over the previous year[21]. - The gross profit margin increased to 7.94% in 2024 from 7.46% in 2023, primarily due to reduced cost of sales[41]. - Loss attributable to shareholders decreased to approximately RMB1,298,000 in 2024, a reduction of approximately RMB2,216,000 compared to the previous year[43]. - Administrative expenses increased by approximately RMB92,000, totaling RMB2,663,000 in 2024[42]. - Other income and gains decreased to approximately RMB6,000 in 2024 from RMB18,000 in 2023[45]. - The net loss attributable to shareholders decreased to approximately RMB1,298,000 in 2024 from RMB3,514,000 in 2023, a reduction of approximately RMB2,216,000[45]. Corporate Governance - The board of directors confirmed that the information in the report is accurate and complete in all material respects, with no misleading or deceptive elements[10]. - The company has a diverse board of directors, including four executive directors and three independent non-executive directors[14]. - The audit committee is chaired by an independent non-executive director, ensuring oversight of financial reporting[15]. - The Board currently consists of 7 Directors, including 4 executive Directors and 3 independent non-executive Directors[86]. - The Group's risk management and internal control systems are detailed on pages 42 to 43 of the report[81]. - The Company maintained a sufficient public float as required under the GEM Listing Rules during the year ended 31 December 2024[197]. Market and Business Strategy - The company operates in the GEM market, which is designed for small and mid-sized companies, indicating a higher investment risk compared to other companies listed on the Stock Exchange[7]. - The Group is actively developing industrial electronic intelligent control equipment and plans to launch a variety of high-end CNC machine tool and optical machine products[36]. - The Group has signed letters of intent for cooperation with several agent dealers, focusing on expanding business in multiple cities including Hangzhou, Shanghai, and Nanjing[37]. - The Group's marketing team is focused on increasing new sales customers and exploring more city markets[37]. - The Group is actively expanding its product and sales markets, focusing on electronic components and industrial electronic intelligent control systems[57]. Economic Environment - The overall economic environment in China remains challenging, with expected further slowdown in economic growth and increasing competition and production costs[24]. - The Group will continue to implement strict cost control measures to mitigate losses and enhance market competitiveness[41]. Financial Position - Current assets decreased to approximately RMB12,041,000 in 2024 from RMB13,173,000 in 2023, a decrease of approximately RMB1,132,000[47]. - Current liabilities increased to approximately RMB65,607,000 in 2024 from RMB65,464,000 in 2023, an increase of approximately RMB143,000[48]. - The Group's net liabilities increased to approximately RMB53,445,000 in 2024 from RMB52,147,000 in 2023[49]. - Bank borrowings increased to approximately RMB2,952,000 in 2024 from RMB2,000,000 in 2023[51]. - As of December 31, 2024, the Group faced liquidity risk with net current liabilities of approximately RMB53,566,000[132]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended December 31, 2024 (2023: Nil)[79]. - As of December 31, 2024, the controlling shareholder, Zhejiang RuiYuan Intelligent Robot Company Limited, pledged 322,675,000 domestic shares, representing approximately 64.535% of the total issued share capital of the Company[171]. - Mr. He Keng holds 370,000,000 domestic shares, which accounts for approximately 74% of the entire issued share capital of the Company as of December 31, 2024[177]. - No material interest in any significant contracts was reported by the controlling shareholders during the year ended December 31, 2024[170]. - The Company did not enter into any significant contracts with its controlling shareholders or their subsidiaries during the reporting period[173]. Compliance and Regulations - The Group was in compliance with all applicable laws and regulations during the year ended December 31, 2024[82]. - There were no significant events after the reporting period as of the date of this report[78]. - The Group has maintained compliance with all relevant laws and regulations throughout the reporting period[82].

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 13,067,000, an increase of 11% compared to RMB 11,777,000 for the same period in 2023[3] - Gross profit for the same period was RMB 1,240,000, representing a significant increase from RMB 718,000 in 2023, indicating a gross margin improvement[3] - The company incurred a loss before tax of RMB 245,000, a substantial reduction from a loss of RMB 2,590,000 in the previous year, reflecting improved operational efficiency[3] - Basic loss per share improved to RMB (0.05) from RMB (0.52) year-on-year, indicating a positive trend in financial performance[3] - The group recorded a net loss of approximately RMB 249,000 during the period[11] - For the six months ended June 30, 2024, the group recorded revenue of approximately RMB 13,067,000, an increase of about RMB 1,290,000 compared to RMB 11,777,000 for the same period in 2023[45] - The loss attributable to shareholders for the six months ended June 30, 2024, was approximately RMB 249,000, a decrease of about RMB 2,341,000 from RMB 2,590,000 for the same period in 2023[45] - The gross profit margin for the six months ended June 30, 2024, was 9.49%, up from 6.10% for the same period in 2023[45] Assets and Liabilities - As of June 30, 2024, total current assets decreased to RMB 4,882,000 from RMB 13,173,000 at the end of 2023, primarily due to a reduction in cash and cash equivalents[4] - Trade receivables increased to RMB 1,110,000 from RMB 371,000, suggesting a potential growth in sales but also indicating a need for effective receivables management[4] - The company reported cash and cash equivalents of RMB 3,726,000, down from RMB 12,768,000 at the beginning of the period, highlighting cash flow challenges[6] - Total liabilities decreased to RMB 57,409,000 from RMB 65,464,000, indicating a reduction in financial obligations[4] - As of June 30, 2024, current liabilities amounted to approximately RMB 52,527,000, and capital losses were about RMB 52,396,000, indicating significant uncertainty in operations[11] - The total liabilities as of June 30, 2024, were RMB 57,409,000, down from RMB 65,464,000[22] Shareholder Information - The company has maintained its share capital at RMB 50,000,000, with accumulated losses increasing to RMB (459,629,000) as of June 30, 2024[5] - As of June 30, 2024, the company holds 370,000,000 domestic shares, representing 74% of the total issued capital[57] - The major shareholder, Ruiyi Robot, has a 100% beneficial ownership of 370,000,000 domestic shares, equating to 74% of the registered capital[60] - The company has a significant concentration of ownership, with major shareholders holding 74% of the total issued shares[63] - The company’s shareholding structure indicates a high level of control by a few key stakeholders[63] Operational Strategies and Future Plans - The company is focused on enhancing its operational strategies and exploring market expansion opportunities to drive future growth[8] - The group plans to enhance measures to increase operating capital and cash flow, including closely monitoring administrative expenses and operating costs[11] - The group plans to continue developing high-end CNC machine tool optical products to enhance product innovation and market expansion[44] - The group aims to explore business opportunities in intelligent control systems for heavy industries, such as applications in industrial robots, amid increasing competition in the controller systems market[51] Compliance and Governance - The company has adopted the trading compliance standards as per GEM Listing Rules and confirmed compliance by all directors and supervisors[67] - The company has complied with all corporate governance code provisions, except for the absence of a CEO position[69] - The Audit Committee, consisting of three independent non-executive directors, reviewed the accounting standards and internal controls[71] Other Financial Information - The effective corporate income tax rate for the company and its subsidiaries in China is 25%, with certain subsidiaries qualifying for a reduced rate of 5%[33] - The company generated revenue of RMB 11,607,000 from major customers contributing over 10% to total revenue, up from RMB 9,634,000 in the previous year[26] - The average credit period granted to trade customers is 90 days, with trade receivables aging analysis showing RMB 299,000 within 0 to 90 days as of June 30, 2024[37] - The total employee costs for the six months ended June 30, 2024, were RMB 361,000, an increase from RMB 284,000 in the same period of 2023[31] - The financing costs for the six months ended June 30, 2024, were zero, compared to RMB 2,280,000 for the same period in 2023[29] - No dividends were declared during the reporting period, consistent with the previous year[35] - The group has not declared any dividends for the reporting period, consistent with the previous year[47] - The group has not adopted new accounting policies that have been issued but are not yet effective as of June 30, 2024[13] - The company did not purchase, sell, or redeem any listed securities during the reporting period[65] - There were no interests or conflicts of interest reported by directors, supervisors, or controlling shareholders in any competing businesses[66] - No share option plans or share incentives were granted to any directors, supervisors, or employees during the reporting period[70]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 13,067,000, an increase of 11.0% compared to RMB 11,777,000 for the same period in 2023[4] - Gross profit for the same period was RMB 1,240,000, representing a significant increase from RMB 718,000 in the previous year, indicating a gross margin improvement[4] - The company incurred a loss before tax of RMB 245,000, a substantial reduction from a loss of RMB 2,590,000 in the prior year, reflecting improved operational efficiency[4] - Basic loss per share for the period was RMB 0.05, compared to RMB 0.52 in the same period last year, showing a notable decrease in losses per share[4] - For the six months ended June 30, 2024, the company reported a net loss of approximately RMB 249,000[12] - The loss attributable to shareholders for the six months ended June 30, 2024, was approximately RMB 249,000, a reduction of about RMB 2,341,000 from RMB 2,590,000 for the same period in 2023[46] - The gross profit margin for the six months ended June 30, 2024, was 9.49%, up from 6.10% for the same period in 2023[46] - The financing cost for the six months ended June 30, 2024, was zero, a significant decrease from RMB 2,280,000 for the same period in 2023[30] Assets and Liabilities - Total current assets decreased to RMB 4,882,000 from RMB 13,173,000 as of December 31, 2023, primarily due to a reduction in cash and bank balances[5] - Current liabilities rose to RMB 57,409,000 from RMB 65,464,000, suggesting a decrease in short-term financial obligations[5] - As of June 30, 2024, the company's total liabilities amounted to approximately RMB 52,527,000, and accumulated losses reached RMB 52,396,000[12] - Total assets as of June 30, 2024, amounted to RMB 5,013,000, while total liabilities were RMB 57,409,000, indicating a stable financial position[23] - As of June 30, 2024, the company's current liabilities net amount was approximately RMB 52,527,000, compared to RMB 52,291,000 as of December 31, 2023[49] - As of June 30, 2024, the company had current assets of approximately RMB 4,882,000, down from RMB 13,173,000 as of December 31, 2023[50] Revenue Breakdown - Revenue from the sale of electronic equipment and components was RMB 8,019,000, while revenue from CNC machine tool optical products was RMB 5,048,000, totaling RMB 13,067,000 for the period[17] - The company experienced a significant increase in sales of CNC machine tool optical products, with revenue rising from RMB 2,979,000 in the previous year to RMB 5,048,000[17] - Major customers contributed over 10% of total revenue, with Customer A generating RMB 6,560,000 and Customer B generating RMB 5,047,000 for the six months ended June 30, 2024[27] Operational Strategy - The company is focused on enhancing operational efficiency and exploring new market opportunities to drive future growth[4] - The company plans to enhance measures to increase operating capital and cash flow, including closely monitoring administrative expenses and operating costs[12] - The company is committed to ongoing product development and market expansion strategies to improve financial performance[12] - The company has initiated manufacturing and sales of CNC machine optical products in China, marking a strategic expansion into new business areas[19] - The company is exploring business opportunities in intelligent control systems for heavy industries, such as those used in industrial robots[52] Shareholder and Governance Information - A major shareholder has confirmed financial support to ensure the company can continue operations for at least the next twelve months[12] - The company has maintained a stable capital structure with total equity of RMB 50,000,000, unchanged from the previous reporting period[5] - The total equity attributable to owners of the company decreased from RMB (48,633,000) to RMB (51,223,000) over the reporting period[6] - The company’s major shareholder, Ruiyuan Robot, holds 370,000,000 domestic shares, accounting for 74.00% of the total issued shares as of June 30, 2024[61] - The company’s board members and executives did not receive any rights to purchase shares during the reporting period[56] - The company has complied with all corporate governance codes as per GEM listing rules, except for not having a CEO position[70] Employee and Cost Management - Employee costs for the six months ended June 30, 2024, totaled RMB 361,000, up from RMB 284,000 in the same period in 2023, reflecting increased operational activities[32] - The company will continue to implement strict cost control measures in 2024 due to the increasing competition in the controller system market amid China's economic slowdown[52] Miscellaneous - The company did not declare any dividends for the six months ended June 30, 2024, consistent with the previous year[36] - The company has not declared any dividends for the six months ended June 30, 2024, consistent with the same period in 2023[48] - The company had 11 employees as of June 30, 2024, maintaining the same number as of December 31, 2023[54] - There were no assets pledged as of June 30, 2024, consistent with the situation as of December 31, 2023[55] - The company did not purchase, sell, or redeem any listed securities during the reporting period, and held no treasury shares as of June 30, 2024[66] - There were no reported interests or conflicts of interest among directors, supervisors, or controlling shareholders in any competing businesses during the reporting period[67] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ending June 30, 2024[72]

Financial Performance - For the year ended December 31, 2023, the Group recorded revenue of approximately RMB 21,783,000, a decrease of approximately RMB 10,430,000 compared to RMB 32,213,000 in 2022, representing a decline of about 32.4%[15] - The gross profit margin for 2023 was 7.46%, down from 14.93% in 2022, primarily due to reduced sales costs[38][41] - Loss attributable to shareholders for the year was approximately RMB 3,514,000, representing a decrease in loss of approximately RMB 1,118,000 compared to the previous year[40][42] - Current assets decreased to approximately RMB 13,173,000 in 2023 from RMB 17,628,000 in 2022, a reduction of approximately RMB 4,455,000[44][50] - Current liabilities decreased to approximately RMB 65,464,000 in 2023 from RMB 66,462,000 in 2022, a decrease of approximately RMB 998,000[45][50] - The Group's net liabilities increased to approximately RMB 52,147,000 in 2023 from RMB 48,633,000 in 2022[46][51] - The Group's net current liabilities amounted to approximately RMB 52,291,000 as of December 31, 2023, indicating liquidity risk due to financial assets being less than financial liabilities due within one year[125] - The Group has no reserves available for distribution to shareholders as of December 31, 2023[134] - The Group's financial performance and position for the last five financial years are summarized on pages 111 to 112 of the annual report[137] Business Operations - The decrease in revenue is attributed to the Group maintaining its existing business while developing new business, with newly launched CNC machine tool optical mechanical products not yet in large-scale production[15] - The overall economic growth rate in China is expected to continue slowing down, presenting challenges for the Group[21] - Competition and production costs are anticipated to increase, further impacting the Group's operations[21] - The Group aims to explore business opportunities in intelligent control systems for industrial uses despite the challenging market conditions in 2024[25] - The Group plans to launch a variety of high-end CNC machine tool and optical machine products to enhance product innovation and market expansion[33][36] - The marketing team will continue to expand business in multiple cities including Hangzhou, Jiaxing, and Shanghai, aiming to increase new sales customers[34][36] - The Group has signed letters of intent for cooperation with several agent dealers, focusing on metal casting and forging factories[34][36] - The Group is actively expanding its product offerings, including electronic components and industrial electronic intelligent control systems, which are gaining market recognition[54][58] - The Group operates primarily in the design, manufacture, and sales of CNC machine tools and electronic components, with detailed activities outlined in the consolidated financial statements[110] Corporate Governance - The company is led by a diverse board of directors and supervisors, including professionals with backgrounds in finance, engineering, and corporate governance, ensuring a well-rounded leadership team[92][94][95][96] - The company emphasizes the importance of technical expertise in its leadership, which is expected to contribute to innovation and competitive advantage in the market[94][98] - The focus on corporate governance is evident, with independent non-executive directors ensuring compliance and strategic oversight[92][95] - The company has a strong educational foundation among its leadership, with degrees in accounting, engineering, and business management from reputable institutions[93][94][95] - The company has been actively involved in corporate advisory services, with independent directors providing valuable insights from their extensive industry experience[92][95] - The management team includes individuals with significant experience in project management and technical direction, which is crucial for the company's growth in the construction and manufacturing sectors[94][98] - The company is committed to enhancing its operational capabilities through strategic appointments and leveraging the expertise of its directors and supervisors[98][101] Shareholder Information - The controlling shareholder, Zhejiang RuiYuan Intelligent Robot Company Limited, pledged 322,675,000 domestic shares, representing approximately 64.535% of the total issued share capital[167] - As of December 31, 2023, Mr. He Keng holds 370,000,000 Domestic Shares, representing approximately 74% of the entire issued share capital of the Company[173] - The Company has maintained a consistent shareholding structure with no significant changes reported during the year ended December 31, 2023[176] - The interests of substantial shareholders are recorded in compliance with the Securities and Futures Ordinance, with specific disclosures required for those holding 5% or more of the nominal value of any class of share capital[176] - The percentage of shareholding interests of major shareholders includes 100% interest from controlled corporations[188] - The company is owned 55% by Hangzhou Qindie and 45% by Zhuji Jinfu[188] Compliance and Risk Management - The Group was in compliance with all applicable laws and regulations during the year ended December 31, 2023[74][79] - The Group's credit risk is significantly reduced as it reviews the recoverable amount of each individual trade and other debtor at the end of each reporting period[115] - The Group was not exposed to any fair value interest rate risk related to fixed-rate bank borrowings for the years ended December 31, 2023, and 2022[123] - The company has arranged for appropriate insurance cover for Directors' and officers' liabilities[190] Dividends and Share Transactions - The Board does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with 2022[76][81] - The company did not repurchase any shares during the reporting period[145] - The company did not enter into any significant contracts with controlling shareholders during the reporting period[169] - There were no share schemes or options granted to Directors, Supervisors, or employees during the reporting period[147]

Financial Performance - For the year ended December 31, 2023, the Group recorded revenue of approximately RMB 21,783,000, a decrease of approximately RMB 10,430,000 compared to RMB 32,213,000 in 2022, representing a decline of about 32.4%[22][39] - The gross profit margin decreased to 7.46% in 2023 from 14.93% in 2022, indicating a significant reduction in profitability[45] - Loss attributable to shareholders for the year ended 31 December 2023 was approximately RMB3,514,000, a decrease of approximately RMB1,118,000 compared to 2022[47] - Current assets as of 31 December 2023 were approximately RMB13,173,000, a decrease of approximately RMB4,455,000 compared to 2022[51] - Current liabilities as of 31 December 2023 were approximately RMB65,464,000, a decrease of approximately RMB998,000 compared to 2022[52] - Net liabilities increased to approximately RMB52,147,000 as of 31 December 2023, compared to RMB48,633,000 in 2022[53] - Bank balances and cash decreased to approximately RMB12,768,000 as of 31 December 2023 from RMB14,661,000 in 2022[54] Corporate Governance - The company has a board of directors consisting of four executive directors and three independent non-executive directors[4] - The audit committee is chaired by an independent non-executive director, ensuring oversight of financial reporting[15] - The company has established various committees, including remuneration and nomination committees, to enhance corporate governance[16] - The Group's risk management and internal control systems are detailed on pages 42 to 43 of the report[80] - The Group was in compliance with all applicable laws and regulations during the year ended December 31, 2023[81] - The Board does not recommend the payment of a final dividend for the year ended December 31, 2023 (2022: Nil)[83] Business Strategy and Operations - The Group plans to launch a variety of high-end CNC machine tool and optical machine products to enhance product innovation and market expansion[40] - The Group is actively developing the business of industrial electronic intelligent control equipment and has purchased new processing equipment to support this initiative[40] - The overall economic environment in China in 2023 was challenging, leading the Group to simplify its operational structure and control costs[20][28] - The Group anticipates that economic growth will further slow down in 2024, while automation and the replacement of labor by robotics will continue to accelerate[28][32] - The Group is actively expanding its product and sales markets, focusing on electronic components and intelligent control systems[61] - The Group has established strategic partnerships to enhance its competitive capability in product innovation and quality[61] Shareholder Information - The controlling shareholder, Zhejiang RuiYuan Intelligent Robot Company Limited, pledged 322,675,000 domestic shares, representing approximately 64.535% of the total issued share capital as of December 31, 2023[174] - As of December 31, 2023, Mr. He Keng held 370,000,000 domestic shares, accounting for approximately 74% of the entire issued share capital of the Company[180] - No substantial shareholders other than those mentioned have been disclosed as holding interests or short positions in the shares or underlying shares of the Company[192] - The Company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of substantial shareholders[192] - The interests of substantial shareholders are recorded in accordance with the requirements of the Securities and Futures Ordinance[192] Compliance and Reporting - Zhejiang RuiYuan Intelligent Control Technology Company Limited will release its full annual report for the year ending December 31, 2023, in compliance with the GEM Listing Rules[2] - The company is committed to ensuring the accuracy and completeness of the information provided in this report, confirming no misleading or deceptive elements are present[11] - The report includes a consolidated statement of profit or loss and other comprehensive income, as well as a consolidated statement of financial position[14] - The report will be available on the Hong Kong Stock Exchange website and the company's investor relations page[6] - The annual report will be published at least seven days after the announcement date, ensuring timely access to stakeholders[6] - There were no significant events after the reporting period as of the date of this report[82] - There were no significant events reported after the reporting period[87]

Financial Performance - For the nine months ended September 30, 2023, the company reported total revenue of RMB 16,494,000, a decrease of 15.5% compared to RMB 19,513,000 for the same period in 2022[4] - The gross profit for the nine months ended September 30, 2023, was RMB 1,045,000, down 69.7% from RMB 3,447,000 in the same period last year[4] - The company recorded a net loss of RMB 2,938,000 for the nine months ended September 30, 2023, compared to a net loss of RMB 3,372,000 for the same period in 2022, indicating a 12.9% improvement in losses year-over-year[4] - Basic loss per share for the nine months ended September 30, 2023, was RMB 0.59, compared to RMB 0.67 for the same period in 2022[4] - The loss attributable to shareholders for the nine months ended September 30, 2023, was approximately RMB 2,938,000, a reduction of RMB 434,000 from RMB 3,372,000 in the same period of 2022[28] - The gross profit margin for the nine months ended September 30, 2023, was 6.3%, down from 17.7% for the same period in 2022[28] - Financing costs for the nine months ended September 30, 2023, were approximately RMB 2,280,000, significantly lower than RMB 4,838,000 for the same period in 2022[17] - Administrative expenses for the nine months ended September 30, 2023, were approximately RMB 1,501,000, a decrease of RMB 164,000 compared to the previous year[28] - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the same period in 2022[23] - No dividends were declared for the nine months ending September 30, 2023, mirroring the previous year's performance[35] Financial Position and Concerns - As of September 30, 2023, the company had a net current liability of approximately RMB 51,729,000 and a capital deficiency of approximately RMB 51,571,000, raising significant doubts about the company's ability to continue as a going concern[13] - The board plans to implement measures to enhance operational cash flow, including close monitoring of administrative expenses and operating costs[13] - A major shareholder and a director have confirmed their intention to provide sufficient financial support to ensure the company can continue operating for at least the next twelve months[13] - The company has not adopted new or revised accounting standards that have been issued but are not yet effective as of September 30, 2023[14] - The company has made a provision for claims amounting to approximately RMB 86,000 (equivalent to about HKD 96,000) as of September 30, 2023, consistent with the previous year[31] - The company has no significant contingent liabilities other than those disclosed[32] Business Operations and Strategy - The company is actively expanding its business in various cities including Hangzhou, Jiaxing, Shanghai, and Nanjing, aiming to increase its customer base[26] - The company plans to continue purchasing a series of processing equipment to develop new products and enhance market competitiveness[26] - The company has signed cooperation letters of intent with several trading agents, focusing on metal casting and precision machinery companies[26] - The company is actively expanding its product and sales markets through strategic partnerships, focusing on electronic components and industrial electronic control systems[33] - The company is implementing cost control measures to manage expenses effectively[28] Corporate Governance and Shareholder Information - As of September 30, 2023, the controlling shareholder holds 322,675,000 shares, representing approximately 64.535% of the total issued share capital[38] - Major shareholder 瑞遠機器人 holds 370,000,000 domestic shares, representing 74.00% of the registered capital[44] - 杭州沁蝶機電設備有限公司 and 諸暨金福機電設備有限公司 each also hold 370,000,000 domestic shares, both representing 74.00% of the registered capital[44] - 何楊根先生 holds 370,000,000 domestic shares, representing 74.00% of the registered capital[46] - Martin Currie China Hedge Fund Limited and Martin Currie Investment Management Limited each hold 14,245,000 H shares, representing 10.96% of the class of shares and 2.85% of the registered capital[46] - The company did not repurchase any shares during the reporting period[48] - The company has complied with all corporate governance codes as per GEM listing rules, except for the absence of a CEO position[51] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the nine months ending September 30, 2023[53] - No conflicts of interest were reported among directors, supervisors, and major shareholders during the reporting period[49] - The company has not purchased or sold any of its shares during the reporting period[48] - The company maintains a balance of power and responsibility through its experienced board of directors despite not having a CEO[51] Legal and Regulatory Matters - The company continues to monitor the ongoing labor arbitration case, which has been indefinitely suspended since May 5, 2017[31] - The company has not reported any significant events after the reporting period[36] - The board of directors and senior management have not been granted any rights to purchase shares during the nine months ending September 30, 2023[37] - The company has not established any arrangements that would allow directors or senior management to acquire interests in shares or bonds of the company or its affiliates during the reporting period[42]

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倚賴該等內容而引致之任何損 失承擔任何責任。 Zhejiang RuiYuan Intelligent Control Technology Company Limited* 浙 江 瑞 遠 智 控 科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：8249） 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 浙江瑞遠智控科技股份有限公司（「本公司」）之董事（「董事」）會（「董事會」） 謹此宣佈本公司及其附屬公司截至二零二三年九月三十日止九個月的未 經審核第三季度業績。本公告列載本公司二零二三年第三季度業績報告 全文，並符合《香港聯合交易所有限公司的GEM證券上市規則》（「GEM上 市規則」）中有關第三季度業績初步公告附載的相關內容之要求。本公司 二零二三年第三季度業績報告將於適當時候寄發予本公司H股股份持有人， 屆時亦可在香港聯合交易所有限公司（「聯交所」）網 ...

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of RMB 11,777,000, a decrease of 20.4% compared to RMB 14,806,000 for the same period in 2022[4] - The gross profit for the same period was RMB 718,000, down 70.0% from RMB 2,396,000 in 2022[4] - The company incurred a loss before tax of RMB 2,590,000, compared to a loss of RMB 2,212,000 in the prior year, representing an increase in loss of 17.1%[4] - The basic loss per share for the six months was RMB 0.52, compared to RMB 0.45 for the same period in 2022[4] - The group recorded a net loss of approximately RMB 2,590,000 for the period[14] - The group experienced a pre-tax loss of RMB 2,590,000 for the six months ended June 30, 2023, compared to a pre-tax loss of RMB 2,212,000 in the same period of 2022[21] - Pre-tax loss for the six months ended June 30, 2023, was RMB 2,590,000, compared to a loss of RMB 2,238,000 in the same period of 2022, indicating an increase in losses of approximately 15.7%[36] - The company reported a loss attributable to shareholders of approximately RMB 2,590,000, an increase of about RMB 352,000 from RMB 2,238,000 in the same period last year[49] Cash Flow and Liquidity - As of June 30, 2023, the company's cash and cash equivalents decreased to RMB 6,459,000 from RMB 14,661,000 at the end of 2022, a decline of 56.0%[6] - The company reported a net cash outflow from operating activities of RMB 1,203,000 for the six months ended June 30, 2023, compared to a net inflow of RMB 788,000 in the same period of 2022[9] - The company has a total equity of RMB (51,223,000) as of June 30, 2023, compared to RMB (48,633,000) at the end of 2022, indicating a further decline in equity[7] - As of June 30, 2023, the company's current liabilities net amount was approximately RMB 51,395,000, compared to RMB 48,834,000 as of December 31, 2022[52] Assets and Liabilities - The total current liabilities increased to RMB 60,032,000 from RMB 66,462,000 at the end of 2022, indicating a reduction of 9.6%[6] - The company's net debt stood at RMB 51,223,000 as of June 30, 2023, compared to RMB 48,633,000 at the end of 2022, reflecting an increase of 3.9%[6] - The group reported a total asset value of RMB 8,809,000 as of June 30, 2023, compared to RMB 8,460,000 as of the end of 2022[23] - Total liabilities increased to RMB 60,032,000 as of June 30, 2023, from RMB 54,699,000 at the end of 2022[23] Revenue Breakdown - Revenue from the sale of electronic equipment and components was RMB 8,798,000 for the six months ended June 30, 2023, a decrease of 33.5% from RMB 13,140,000 in the same period of 2022[18] - Revenue from the sale of CNC machine tool optical products increased to RMB 2,979,000 for the six months ended June 30, 2023, compared to RMB 1,666,000 in the same period of 2022[18] - Revenue from major customers contributing over 10% to total revenue was RMB 9,634,000 in 2023, down from RMB 11,702,000 in 2022, representing a decrease of approximately 17.7%[29] Operational Measures - The group plans to enhance measures to increase operating capital and cash flow, including closely monitoring administrative expenses and operating costs[15] - A major shareholder and a director have confirmed financial support to ensure the group can continue operations for at least the next twelve months[15] Shareholder Information - As of June 30, 2023, Mr. He holds 370,000,000 domestic shares, representing 100.00% of the controlled corporation's interest and 74.00% of the registered capital[67] - Ms. Zou holds 4,225,000 H shares, representing 3.25% of the beneficial ownership and 0.845% of the registered capital[67] - The total issued shares as of June 30, 2023, is 500,000,000, with 370,000,000 domestic shares held by major shareholders, accounting for 74%[71] - Major shareholders include Zhejiang Ruiyuan Robot, which holds 370,000,000 domestic shares, representing 100.00% of the controlled corporation's interest[71] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules, except for the absence of a CEO position, with daily operations managed by executive directors and senior management[79] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the accounting standards and internal controls, discussing financial reporting matters for the six months ending June 30, 2023[81] - There were no reported violations of the trading compliance standards by employees during the reporting period[77] Other Information - No dividends were declared for the six months ended June 30, 2023, consistent with the previous year[34] - The company has not recognized any income tax expenses for the six months ended June 30, 2023, due to no taxable profits generated in Hong Kong[32] - The company has not made any provisions for potential liabilities related to ongoing legal proceedings as of the report date[41] - The company has no significant contingent liabilities as of the reporting date[43] - The company has no arrangements that would cause directors to hold any interests in the company's shares or related securities during the six months ending June 30, 2023[69] - The company has not established any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or its affiliates[69] - The company has no direct or indirect interests in any competing businesses during the reporting period[76]

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倚賴該等內容而引致之任何損失承擔任何責 任。 Zhejiang RuiYuan Intelligent Control Technology Company Limited* 浙 江 瑞 遠 智 控 科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：8249） 截至二零二三年六月三十日止六個月之 中期業績公告 浙江瑞遠智控科技股份有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此 宣佈本公司及其附屬公司截至二零二三年六月三十日止六個月的未經審核中 期業績。本公告列載本公司二零二三年中期報告全文，並符合《香港聯合交易 所有限公司的GEM證券上市規則》（「GEM上市規則」）中有關中期業績初步公告 附載的相關內容之要求。本公司二零二三年中期報告將於適當時候寄發予本 公 司H股 股 份 持 有 人，屆 時 亦 可 在 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）網 站 www.hkexnews ...