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 ...

Financial Performance - For the first quarter of 2023, Zhejiang Ruiyuan Intelligent Control Technology Co., Ltd. reported revenue of RMB 6,815,000, a decrease of 19.6% compared to RMB 8,475,000 in the same period of 2022[4] - The gross profit for the first quarter of 2023 was RMB 403,000, down from RMB 512,000 in the first quarter of 2022, reflecting a decline in gross margin[4] - The company recorded a pre-tax loss of RMB 2,125,000 for the first quarter of 2023, compared to a pre-tax loss of RMB 1,785,000 in the same period of 2022, indicating a worsening financial performance[4] - Basic loss per share for the first quarter of 2023 was RMB 0.43, compared to RMB 0.36 in the first quarter of 2022[4] - The company reported a loss attributable to shareholders of approximately RMB 2,125,000 for the three months ended March 31, 2023, an increase of about RMB 338,000 from RMB 1,787,000 for the same period in 2022, primarily due to increased financing costs[26] - Financing costs for the three months ended March 31, 2023, were approximately RMB 1,945,000, up from RMB 1,613,000 for the same period in 2022, mainly arising from estimated interest on loans from a major shareholder[16] - The gross profit margin for the three months ended March 31, 2023, was 5.9%, slightly down from 6.0% for the same period in 2022, attributed to lower sales costs[26] Current Financial Position - As of March 31, 2023, the company had a net current liability of approximately RMB 48,834,000 and a capital deficit of approximately RMB 48,633,000, raising significant doubts about the company's ability to continue as a going concern[11] - The financial statements are prepared on a going concern basis, contingent on the successful implementation of financing plans and support from major shareholders[12] Shareholder Support and Governance - 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[11] - The company has complied with the GEM listing rules regarding corporate governance, except for the absence of a CEO position[48] - The board of directors consists of experienced individuals ensuring operational oversight despite the lack of a CEO[48] - The company has not disclosed any conflicts of interest among its directors and management during the reporting period[46] Operational Strategies - The board of directors plans to implement measures to enhance the company's working capital and cash flow, including close monitoring of administrative expenses and operating costs[11] - The company has signed letters of intent with multiple trading agents, primarily in the metal casting and precision machinery sectors, to expand its market presence[23] - The company plans to continue purchasing a series of processing equipment to develop new products and enhance its product innovation and market expansion[23] - The company emphasizes the importance of product innovation and quality for future sales growth, actively expanding its product and sales markets through strategic partnerships[30] - The company is committed to improving operational processes and advancing towards realistic goals[30] Market and Product Information - The company primarily engages in the sale of electronic devices and components, as well as the manufacturing and sale of CNC machine tools and optical products in China[8] - The company has been actively engaged in the industrial electronic intelligent control equipment and CNC systems business, aiming to enhance its competitiveness in the market[22] - The company’s products, including industrial electronic intelligent control systems and CNC machine tools, are gradually gaining market recognition[30] Dividends and Taxation - No dividends were declared for the three months ended March 31, 2023, consistent with the previous year[20] - The company has not generated any taxable profits in Hong Kong during the reporting period, thus no provisions for Hong Kong profits tax were made[18] - No dividends were declared during the reporting period, and the board does not recommend any dividend payment for the three months ending March 31, 2023[31] Audit and Compliance - The audit committee has reviewed the financial statements for the three months ending March 31, 2023[51] - There were no significant contingent liabilities disclosed apart from those mentioned[29] - The company has not reported any significant events after the reporting period[32] - The company did not repurchase any shares during the reporting period[45] - There were no purchases or sales of the company's shares by any subsidiary during the reporting period[45]

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 三 月 三 十 一 日 止 三 個 月 之 第 一 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」） 欣然宣佈本公司及其附屬公司截至二零二三年三月三十一日止三個月的 未經審核第一季度業績。本公告列載本公司二零二三年第一季度業績報 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 一 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 一 季 度 業 績 報 告 將 ...

Financial Performance - For the year ended December 31, 2022, the Group recorded revenue of approximately RMB 32,213,000, a decrease of approximately RMB 4,327,000 compared to RMB 36,540,000 in 2021, representing a decline of about 11.85%[15] - For the year ended December 31, 2022, the Group recorded revenue of approximately RMB 32,213,000, a decrease of approximately RMB 4,327,000 compared to 2021's revenue of RMB 36,540,000[32] - Loss attributable to shareholders for the year was approximately RMB 4,632,000, an increase of approximately RMB 598,000 from the previous year's loss of RMB 4,034,000[41] - The gross profit margin increased to 14.93% in 2022 from 6.39% in 2021, attributed to reduced cost of sales[39] - The Group recorded other income of approximately RMB 23,000 in 2022, up from RMB 3,000 in 2021[39] Economic and Market Conditions - The overall economic growth rate in China is expected to continue slowing down, presenting challenges for the Group in 2023[21] - Competition and production costs are anticipated to increase, further impacting the Group's operations[21] Business Strategy and Development - The Group aims to explore business opportunities in intelligent control systems for industrial uses, leveraging over 15 years of experience in industrial automation[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] - The marketing team will continue to expand business in multiple cities including Hangzhou, Jiaxing, and Shanghai, aiming to increase new sales customers[34] - The group has established strategic partnerships and is actively expanding its product and sales markets, focusing on intelligent control systems and related products[55] Assets and Liabilities - Current assets decreased to approximately RMB 17,628,000 in 2022 from RMB 18,338,000 in 2021, primarily due to a decrease in trade and bill receivables[46] - Current liabilities increased significantly to approximately RMB 66,462,000 in 2022 from RMB 31,328,000 in 2021, mainly due to an increase in loans from a major shareholder[47] - The Group had net liabilities of approximately RMB 48,633,000 as of December 31, 2022, compared to RMB 44,001,000 in 2021[48] - As of December 31, 2022, the group's current assets were approximately RMB 17,628,000, a decrease of about RMB 710,000 from RMB 18,338,000 in 2021[51] - The group's current liabilities increased to approximately RMB 66,462,000, up by about RMB 35,134,000 from RMB 31,328,000 in 2021, primarily due to an increase in loans from a major shareholder of approximately RMB 37,720,000[51] - The group's net debt as of December 31, 2022, was approximately RMB 48,633,000, compared to RMB 44,001,000 in 2021[52] - As of December 31, 2022, the Group had net current liabilities of approximately RMB 48,834,000[125] Corporate Governance and Management - The board of directors does not recommend the payment of a final dividend for the year ended December 31, 2022[77] - The Company has undergone management changes with key personnel transitioning from RuiYuan Machine Tool to RuiYuan Machine Tool Group in May 2019[89] - The company emphasizes the importance of corporate governance with a diverse board composition[92] - The Board consists of seven directors, including four executive directors and three independent non-executive directors[88] - The Directors and Supervisors have service contracts with a term of three years, subject to termination with one month's notice[156] 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, 2022, Mr. He Keng holds 370,000,000 Domestic Shares, which accounts for 74.00% of the total issued share capital[173] - The company has no arrangements enabling Directors, Chief Executives, and Supervisors to hold interests or short positions in the shares or debentures of the company during the year ended December 31, 2022[174] - The interests of substantial shareholders in the company are required to be notified under the Securities and Futures Ordinance, with RuiYuan Robot being a beneficial owner of 370,000,000 Domestic Shares[176] - The company has maintained compliance with the GEM listing rules regarding the pledging of shares by major shareholders[170] Customer and Supplier Concentration - The largest customer accounted for 47% of the Group's sales during the reporting period[197] - The combined sales from the five largest customers reached 99% of total sales[197] - The largest supplier represented 70% of the Group's purchases[197] - The combined purchases from the five largest suppliers constituted 100% of total purchases[197] - No directors or significant shareholders have interests in the major customers and suppliers mentioned[197]