Financial Performance - For the year ended 31 December 2023, the Group's revenue was approximately RMB 26,717,000, representing an increase of approximately 71.98% compared to RMB 15,535,000 in 2022[42][46]. - The cost of sales for the year ended 31 December 2023 was approximately RMB 14,333,000, an increase of approximately 49.65% from RMB 9,578,000 in the previous year[44][46]. - The gross profit margin for the Group improved to 46.35% in 2023, up from 38.35% in 2022, due to increased market prices and improved product quality[45][46]. - For the year ended 31 December 2023, the Group recorded other income, gains, and losses of approximately RMB8,401,000, a significant decrease of approximately RMB27,080,000 compared to RMB35,481,000 in 2022[48]. - Administrative and other operating expenses for the year ended 31 December 2023 were approximately RMB23,802,000, representing an increase of approximately RMB106,000 from RMB23,696,000 in 2022[49]. - Finance costs increased to approximately RMB8,932,000 for the year ended 31 December 2023, up approximately RMB639,000 from RMB8,293,000 in 2022[50]. - The Group reported a loss after tax of approximately RMB10,375,000 for the year ended 31 December 2023, compared to a profit of RMB7,207,000 in 2022[50]. - As at 31 December 2023, total assets increased by approximately RMB21,022,000 to approximately RMB171,670,000, representing an increase of approximately 13.95% compared to RMB150,648,000 at the end of the previous financial period[60]. - Total liabilities increased by approximately RMB31,397,000 to approximately RMB279,971,000, representing an increase of approximately 12.63% compared to RMB248,574,000 at the end of the previous financial period[61]. - The gearing ratio as at 31 December 2023 was approximately 173%, a decrease from 178% in 2022[66]. Operational Developments - The Group's production and sales significantly increased in 2023, despite a challenging operating environment[18]. - The Group produces five main products, including fiber optic inverters and microchannel plates, primarily used in military applications[24]. - The Group's image transmission fiber optic products consist of over 10 million optical fibers, facilitating high-quality image transmission[23]. - The Group's production and sales volume increased significantly in 2023, contributing to the overall revenue growth despite some orders being postponed[42][43]. - The Group plans to restart its refinancing initiatives and technical upgrading projects that were previously suspended due to the COVID-19 pandemic[27]. - The Group is focusing on developing new products to extend the downstream of the industrial chain and strengthen existing sales forces[33][34]. - The Group aims to revitalize long-term assets by leasing out unused properties to increase property income[33][34]. Financial Position and Strategy - As of 31 December 2023, the Group had net current liabilities of approximately RMB 153,328,000 and net liabilities of approximately RMB 108,301,000, raising concerns about its ability to continue as a going concern[32][34]. - The Group plans to introduce new strategic investors through a private placement of new shares/bonds to improve its financial position[33][34]. - The Group has entered into revised loan agreements to extend the term of existing loans totaling RMB 14,600,000 to 31 December 2026, with interest payments delayed until 2026[36][39]. - The Group's outstanding bank borrowing as of 31 December 2023 was RMB 6,020,000[38][39]. - The Company plans to raise funds through private placement to optimize its capital structure and implement a technical transformation program[82]. - Management is preparing fundraising plans, including equity financing and debt restructuring, to ensure rapid recovery of operations[85]. - The Company believes that financial performance will show further improvement in the foreseeable future based on proposed strategic measures[82]. - The impact of the epidemic is gradually diminishing in 2023, prompting the Company to consider measures to improve its financial condition[82]. - The management will continue to strengthen financial and operational measures to ensure rapid recovery[85]. - The Company has reasons to believe that its financial performance will improve due to the implementation of strategic measures[82]. - The Company is actively promoting the implementation of its technical transformation program[82]. - The management is focused on optimizing the capital structure through a two-pronged approach[82]. Shareholder and Governance Information - As of December 31, 2023, the company has a substantial shareholder, Zhang Shao Hui, holding 82,200,000 domestic shares, representing approximately 41.34% of the total share capital[177]. - Taiyuan Changcheng Optics Electronics Industrial Company Limited holds 80,160,000 domestic shares, accounting for approximately 40.31% of the total share capital[177]. - The company’s directors and supervisors have no interests or short positions in the shares or debentures of the company as of December 31, 2023[174]. - The board of directors and supervisors are subject to a three-year term, with reappointment required at the end of each term[161][162]. - The company has not disclosed any service contracts for directors and supervisors that cannot be terminated within one year without compensation, other than statutory compensation[167]. - The company’s board and supervisory committee elections have been postponed to ensure continuity of governance[161][162]. - As of December 31, 2023, the company’s directors and supervisors have interests in the shares and debentures as recorded in the required register[168]. - The five highest-paid individuals' remuneration details are included in the consolidated financial statements[166]. - The company is committed to complying with the GEM Listing Rules and relevant legal regulations regarding the disclosure of interests and positions[174]. Dividend and Reserves - For the year ended December 31, 2023, the board of directors does not recommend the payment of a final dividend, consistent with the previous year[126]. - As of December 31, 2023, the Company had reserves amounting to RMB Nil available for dividend distribution to shareholders, unchanged from 2022[129]. - The reserves of the Group remained unchanged at RMB Nil as of December 31, 2023[129]. - The Company did not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with 2022[133]. Customer and Supplier Information - For the year ended December 31, 2023, the Group's largest customer accounted for approximately 44% of total turnover, up from 28% in 2022[142]. - The five largest customers accounted for approximately 92% of total turnover, compared to 90% in 2022[142]. - The Group's largest supplier accounted for approximately 25% of total purchases, down from 30% in 2022[142]. - The five largest suppliers accounted for approximately 51% of total purchases, down from 62% in 2022[142]. Audit and Compliance - The auditors issued a disclaimer of opinion regarding the consolidated financial statements for the year ended December 31, 2023[82]. - The annual report includes audited consolidated financial statements for the year ended December 31, 2023[123]. - The financial summary for the past five years is provided in the annual report[127]. - The business review and financial review for the year ended December 31, 2023, are included in the "Management Discussion and Analysis" section[128].

Financial Performance - For the year ended 31 December 2023, the Group's revenue was approximately RMB26,717,000, representing an increase of approximately 71.98% compared to RMB15,535,000 in 2022[46]. - The cost of sales for the year ended 31 December 2023 was approximately RMB14,333,000, an increase of approximately 49.65% from RMB9,578,000 in 2022[48]. - The gross profit margin for the Group improved to 46.35% in 2023, up from 38.35% in 2022, due to increased market prices and improved product quality[49]. - Other income, gains, and losses decreased significantly to approximately RMB8,401,000 in 2023 from RMB35,481,000 in 2022, a decrease of approximately RMB27,080,000[52]. - Administrative and other operating expenses slightly increased to approximately RMB23,802,000 in 2023 from RMB23,696,000 in 2022[53]. - The Group recorded a loss after tax of approximately RMB10,375,000 in 2023, compared to a profit of RMB7,207,000 in 2022[54]. - Total assets increased by approximately RMB21,022,000 to approximately RMB171,670,000, representing an increase of approximately 13.95%[64]. - Total liabilities increased by approximately RMB31,397,000 to approximately RMB279,971,000, representing an increase of approximately 12.63%[65]. - The gearing ratio as of 31 December 2023 was approximately 173%, a slight improvement from 178% in 2022[70]. - As of December 31, 2023, the Group's total equity deficit decreased by approximately RMB 10,375,000 to about RMB 108,301,000, compared to approximately RMB 97,926,000 at the end of the previous fiscal period[76]. Operational Strategy - The Group's production and sales have significantly increased in 2023, reflecting efforts to develop core businesses and improve efficiency[22]. - The Board aims to reduce operating costs and enhance product quality to restore profit growth[22]. - The Company is focused on improving operations, production, research & development, and market development capabilities to enhance corporate value and financial performance[22]. - The Group plans to revitalize long-term assets and lease out temporarily unused properties to increase property income[37][38]. - The Group aims to develop new products to extend the downstream of the industrial chain and strengthen existing sales forces[37][38]. - The Group's refinancing initiatives and technical upgrading projects will be restarted as appropriate after being delayed due to the COVID-19 pandemic[31][33]. - The management plans to implement financial and operational measures to ensure rapid recovery of the Group's operations[89]. Government Support and Financial Assistance - The Group received a subsidy of RMB20,000,000 from the Taiyuan City government to support its industrial transformation and technological upgrade project[30][33]. - Financial assistance from Taiyuan Changcheng amounted to approximately RMB 22,100,000 as of December 31, 2023, an increase from RMB 20,335,000 in 2022[156]. - Financial assistance from Beijing Gensir was approximately RMB 1,313,000 as of December 31, 2023, up from RMB 549,000 in 2022[157]. - Total interest charged by Taiyuan Changcheng was approximately RMB 1,465,000 in 2023, compared to RMB 1,298,000 in 2022[158]. Management and Governance - The management team expresses gratitude to employees for their contributions and to shareholders for their support[23]. - The company has a strong management team with members holding significant qualifications, including certified public accountants and finance managers[106][109]. - The company has been focusing on research and development, with Mr. Dong Yonghong serving as the project manager of the R&D center since February 2006[119]. - The company is actively expanding its market presence, leveraging the expertise of its directors and senior management in various sectors[110]. - The board of directors includes independent non-executive directors who contribute to the audit and remuneration committees, ensuring governance and compliance[106][109]. - The Company continues to perform duties under relevant laws and regulations until the completion of the re-election process[162]. Employee and Labor Relations - The Group had approximately 320 full-time employees as of December 31, 2023[85]. - The company has a commitment to employee welfare, with Ms. Han Xiaoou serving as the chairman of the labor union[115]. - The Group reported employer's pension scheme contributions of approximately RMB 4,510,000 in 2023, compared to RMB 5,072,000 in 2022[145]. Customer and Supplier Concentration - The Group's largest customer accounted for approximately 44% of total turnover in 2023, up from 28% in 2022[146]. - The five largest customers accounted for approximately 92% of total turnover in 2023, compared to 90% in 2022[146]. - The Group's largest supplier accounted for approximately 25% of total purchases in 2023, down from 30% in 2022[146]. - The five largest suppliers accounted for approximately 51% of total purchases in 2023, down from 62% in 2022[146]. Shareholder Information - The Company does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with 2022[130]. - As of December 31, 2023, the Company had reserves available for dividend distribution amounting to RMB Nil, unchanged from 2022[133]. - The directors of the Company are appointed for a term of three years, with re-election postponed to maintain continuity due to the incomplete nomination process[162]. - The supervisors of the Company are also appointed for a term of three years, with their re-election postponed for the same reason as the directors[163]. Audit and Compliance - The auditors issued a disclaimer of opinion regarding the audit of the consolidated financial statements for the year ended December 31, 2023[86]. - The Company has not disclosed any service contracts for directors and supervisors that cannot be terminated within one year without compensation, other than statutory compensation[171]. - No significant contracts related to the Group's business existed during the year ended December 31, 2023, involving directors or supervisors with material interests[195]. - The directors believe that there were no competing business interests among directors, supervisors, and management shareholders during the year ended December 31, 2023[197].

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of RMB 9,387,000, a significant increase from RMB 2,671,000 in the same period of 2022, representing a growth of 251%[4] - The gross profit for the nine months ended September 30, 2023, was RMB 13,346,000, compared to RMB 310,000 for the same period in 2022, indicating a substantial increase in profitability[4] - The total comprehensive income for the nine months ended September 30, 2023, was RMB 1,342,000, a significant recovery from a loss of RMB 14,263,000 in the same period of 2022[4] - For the nine months ended September 30, 2023, the group recorded a profit after tax of approximately RMB 1,342,000 for the nine months ended September 30, 2023, compared to a loss of approximately RMB 14,263,000 for the same period last year[32] - Other income, gains, and losses for the nine months ended September 30, 2023, amounted to approximately RMB 6,253,000, an increase of approximately RMB 4,463,000 compared to RMB 1,790,000 for the same period last year[29] Losses and Improvements - The company incurred a loss before tax of RMB 1,982,000 for the three months ended September 30, 2023, an improvement from a loss of RMB 4,135,000 in the same period of 2022[4] - For the nine months ended September 30, 2023, the company reported a loss attributable to owners of approximately RMB 1,982,000 and a profit of approximately RMB 1,342,000 for the same period in 2022, compared to losses of RMB 4,135,000 and RMB 14,263,000 respectively[15][18] Revenue Sources - Total sales to external customers for the nine months ended September 30, 2023, amounted to RMB 31,374,000, a significant increase from RMB 11,395,000 in the same period of 2022, representing a growth of approximately 175%[22] - The main product categories and their contributions to total revenue for the nine months ended September 30, 2023, included: Fiber Optic Inverter (66%), Microchannel Plate (28%), and others, with Fiber Optic Inverter sales increasing from RMB 6,794,000 (60%) in 2022 to RMB 20,808,000 in 2023[22] Financial Management - The company's financial expenses for the nine months ended September 30, 2023, totaled RMB 5,101,000, down from RMB 6,238,000 in the same period of 2022, reflecting improved cost management[12] - The group had outstanding other borrowings of approximately RMB 61,640,000 as of September 30, 2023[36] - The group received financial assistance from related parties, with amounts payable to Taiyuan Changcheng and Beijing Zhongze totaling approximately RMB 21,303,000 and RMB 1,507,000, respectively, as of September 30, 2023[33] Liquidity and Going Concern - The net current liabilities of the group as of September 30, 2023, were approximately RMB 137,013,000, indicating potential liquidity challenges[6] - As of September 30, 2023, the company's net current liabilities and total liabilities were approximately RMB 137,013,000 and RMB 96,584,000 respectively, indicating significant uncertainty regarding the company's ability to continue as a going concern[24] - The company is actively pursuing measures to improve its liquidity, including debt restructuring and seeking financial support from shareholders and lenders[6] Strategic Initiatives - The company plans to enhance its financial situation by leasing idle assets, developing new products, and strengthening sales capabilities, while also exploring strategic investments and debt restructuring[24][25] - The company aims to leverage its technological advantages in military products to expand into civilian markets, thereby increasing new customer bases and revenue sources[24] Corporate Governance - The company has established an audit committee to review and supervise its financial reporting system, risk management, and internal control systems[59] - The board consists of eight directors, including three executive directors and three independent non-executive directors[60] Shareholder Information - As of September 30, 2023, the company has a total of 34,000,000 domestic shares held by Jia Yaotian, representing approximately 17.10% of domestic shares and 11.01% of total share capital[47] - Beijing Zhongze holds approximately 36.37% of the 24,900,000 domestic shares registered under Taiyuan Tanghai, with Zhang Shaohui deemed to have control over these shares[48] Other Information - The company has not made any provisions for Hong Kong profits tax as it did not generate any taxable profits in Hong Kong for the nine months ended September 30, 2023[13] - The company has not issued any potential dilutive ordinary shares as of September 30, 2023[16] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending September 30, 2023[51] - There are no stock option plans in place for the group[52] - The board of directors believes there are no significant contracts that could impact the group's business as of September 30, 2023[54] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not result in significant changes to its accounting policies[9]

山西長城微光器材股份有限公司 SHANXI CHANGCHENG MICROLIGHT EQUIPMENT CO. LTD.* （於中華人民共和國註冊成立之股份有限公司） （股份代號：8286） 截至二零二三年九月三十日止九個月的 第三季度業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM的定位，乃為中小型公司提供一個上巿的市場，此等公司相比起其他在聯交所上巿 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則之規定而提供有關山西長城微光器材股份有限公 司（「本公司」）之資料，本公司各董事願共同及個別對此承擔全部責任。本公司董事經作 ...

中期報告 *For identification purpose only 僅供識別 山西長城微光器材股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上巿的市場，此等公司相比起其他在聯交所上巿 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 Shanxi Changcheng Microlight Equipment Co. Ltd. * 山 西 長 城 微 光 器 材 股 份 有 限 公 司 (a joint stock limited company incorporated in the People's Republic of China) (於中華人民共和國註冊成立之股份有限公司) (Stock Code 股份代號：8286) 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示 ...

山西長城微光器材股份有限公司 SHANXI CHANGCHENG MICROLIGHT EQUIPMENT CO. LTD.* （於中華人民共和國註冊成立之股份有限公司） （股份代號：8286） 截至二零二三年六月三十日止六個月的 中期業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM的定位，乃為中小型公司提供一個上巿的市場，此等公司相比起其他在聯交所上巿 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則之規定而提供有關山西長城微光器材股份有限公 司（「本公司」）之資料，本公司各董事願共同及個別對此承擔全部責任。本公司董事經作 出一切合理查詢後確 ...

Financial Performance - For the three months ended March 31, 2023, the company's revenue was RMB 10,053,000, compared to RMB 7,383,000 for the same period in 2022, representing an increase of approximately 36%[3] - The cost of sales for the same period was RMB 5,809,000, compared to RMB 5,405,000 in 2022, indicating an increase of about 7.4%[3] - The gross profit for the three months ended March 31, 2023, was RMB 4,244,000, compared to a gross loss of RMB 1,978,000 in 2022, showing a significant turnaround[3] - The company reported a loss before tax of RMB 302,000 for the first quarter of 2023, a substantial improvement from a loss of RMB 7,122,000 in the same period of 2022, reflecting a decrease in losses of approximately 95.8%[3] - Basic and diluted loss per share for the three months ended March 31, 2023, was RMB 0.001, compared to RMB 0.023 for the same period in 2022, indicating a significant reduction in loss per share[14] - The company reported a net loss of approximately RMB 302,000 for the three months ended March 31, 2023, significantly improved from a loss of RMB 7,122,000 in the same period of 2022[28] Current Liabilities and Going Concern - The company's net current liabilities as of March 31, 2023, were approximately RMB 139,426,000, raising concerns about its ability to continue as a going concern[6] - As of March 31, 2023, the company's current liabilities net amount was approximately RMB 139,426,000, and the net liabilities amounted to approximately RMB 98,228,000, indicating significant uncertainty regarding the company's ability to continue as a going concern[19] - The financial statements were prepared under the assumption of going concern, pending the success of liquidity improvement measures[6] Liquidity Improvement Measures - The company has implemented measures to improve its liquidity, including debt restructuring and seeking financial support from major shareholders and lenders[6] - The company plans to improve its financial situation by issuing new shares or bonds to attract strategic investors and negotiating debt restructuring with shareholders and lenders[21] Sales and Product Development - For the three months ended March 31, 2023, the company's sales amounted to approximately RMB 10,053,000, an increase of approximately RMB 17,436,000 compared to the same period in 2022, which recorded a loss of RMB 7,383,000[24] - The sales breakdown for the three months ended March 31, 2023, shows that the fiber optic image inverter accounted for 68% of total sales, generating RMB 6,907,000, compared to 71% and RMB 3,633,000 in the same period of 2022[26] - The company aims to enhance its product offerings by developing new products and extending its reach into the civilian market, leveraging its technological advantages in military applications[21] Expenses and Financial Assistance - The company's administrative and other operating expenses for the three months ended March 31, 2023, were approximately RMB 4,030,000, up from RMB 3,457,000 in the same period of 2022, reflecting an increase of approximately RMB 573,000[27] - The financial expenses recorded for the three months ended March 31, 2023, were approximately RMB 861,000, a decrease from RMB 2,067,000 in the same period of 2022[28] - As of March 31, 2023, the company owed approximately RMB 20,693,000 to Taiyuan Changcheng, a major shareholder, indicating reliance on financial support from related parties[29] - Financial assistance provided to related parties includes receivables from a shareholder totaling RMB 593,000, which has been fully impaired[33] Borrowings and Collateral - As of March 31, 2023, the group has outstanding bank borrowings amounting to RMB 10,580,000, with the loan term extended to June 30, 2023[31] - The group has approximately RMB 58,322,000 in other borrowings outstanding as of March 31, 2023[32] - The group has pledged assets, including properties and machinery valued at approximately RMB 42,602,000, as collateral for bank borrowings[34] Shareholding and Governance - Major shareholders include Zhang Shaohui, holding 82,200,000 shares (41.34%) of domestic shares, and Taiyuan Changcheng Optoelectronics Co., Ltd., holding 80,160,000 shares (40.31%) of domestic shares[39] - The company has a total of 34,000,000 shares (17.10%) of domestic shares held by Beijing Yuankang Technology Co., Ltd.[39] - As of March 31, 2023, the company has no other known interests or positions held by directors or supervisors in the company or its affiliates[41] - The board believes there are no competitive interests among directors, supervisors, or management shareholders[47] - The company has established an audit committee to review and supervise its financial reporting system and risk management[51] Dividends and Securities - No dividends were proposed for the three months ended March 31, 2023, consistent with the previous year[15] - No share buyback, purchase, or redemption of listed securities occurred during the three months ended March 31, 2023[43] - The company has no share option scheme in place[44] - No significant contracts were identified that could impact the group's business as of March 31, 2023[46] - The company adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, with no significant impact on its financial statements[9]

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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 山西長城微光器材股份有限公司 SHANXI CHANGCHENG MICROLIGHT EQUIPMENT CO. LTD.* （於中華人民共和國註冊成立之股份有限公司） 8286 （股份代號： ） 截至二零二三年三月三十一日止三個月的 第一季度業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM的定位，乃為中小型公司提供一個上巿的市場，此等公司相比起其他在聯交所上巿 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則而提供有關山西長城微光器材股份有限公司 （「本公司」）之資料；本公司各董事願共同及個別對此承擔全部責任。本公司董事經作 ...

Company Overview - The Group has been engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products since its listing on GEM in 2004[22]. - The principal activities of the Company include the design, research, development, manufacture, and sale of image transmission fibre optic products[127]. - The Group produces five main products, including fiber optic inverters and microchannel plates, primarily used in military low-light night vision devices[23]. - The Group's image transmission fiber optic products consist of over 10 million optical fibers[22]. - The Group's customers are mainly located in China, Russia, and other Asian countries[23]. Financial Performance - For the year ended December 31, 2022, the Group's sales were approximately RMB 15,535,000, representing a decrease of approximately 15.65% compared to RMB 18,417,000 in 2021[44]. - The Group's cost of sales for the year ended December 31, 2022, was approximately RMB 9,578,000, a decrease of approximately 36.56% from RMB 15,100,000 in the previous year[45]. - The gross profit margin for the Group increased to 38.35% in 2022, up from 18.01% in 2021, due to increased market prices and improved product quality[46]. - Other income, gains, and losses for the year ended December 31, 2022, totaled approximately RMB 35,481,000, a substantial increase of about RMB 32,627,000 compared to RMB 2,854,000 in 2021[50]. - Administrative and other operating expenses increased to approximately RMB 20,733,000 for the year ended December 31, 2022, up by approximately RMB 3,303,000 from RMB 17,430,000 in 2021[51]. - The Group recorded finance costs of approximately RMB 8,293,000 for the year ended December 31, 2022, a slight decrease of about RMB 113,000 from RMB 8,406,000 in 2021[52]. - The profit after tax for the year ended December 31, 2022, was approximately RMB 12,418,000, a significant recovery from a loss of RMB 40,457,000 in 2021[52]. Assets and Liabilities - As of December 31, 2022, the Group had net current liabilities of approximately RMB 140,403,000 and net liabilities of approximately RMB 97,926,000, indicating significant uncertainty regarding its ability to continue as a going concern[31]. - As of December 31, 2022, total assets increased by approximately RMB 2,143,000 to approximately RMB 150,648,000, representing an increase of about 1.4%[63]. - Total liabilities decreased by approximately RMB 14,351,000 to approximately RMB 248,574,000, a decrease of about 5.46% compared to RMB 262,925,000 at the end of the previous financial period[64]. - The gearing ratio as of December 31, 2022, was approximately 178%, down from 195% in 2021[69]. - As of December 31, 2022, the Group's total equity increased by approximately RMB 16,494,000 to about RMB 97,926,000, compared to approximately RMB 114,420,000 at the end of the previous fiscal period[76]. Government Support and Financial Measures - The Group received a subsidy of RMB20,000,000 from the Taiyuan City government for technology upgrades on December 26, 2018[25]. - The Group received a government subsidy of RMB 20,000,000 to support its industrial transformation and technology upgrade projects[28]. - The Group has implemented financial measures, including introducing new strategic investors and negotiating loan interest reductions, to improve its financial position[32]. - A revised loan agreement was entered into with a substantial shareholder, extending the term of an existing loan of RMB 14,600,000 to December 31, 2026, and delaying interest payments until 2026[35]. Impact of COVID-19 - Due to the COVID-19 pandemic, the Group had to suspend its technical upgrading and transformation projects but plans to restart these initiatives as appropriate[26]. - The COVID-19 pandemic has had a continuous impact on the Company's operations in 2022[17]. - The production and sales volume of the Group declined in 2022 due to the complex national epidemic situation, impacting overall performance[44]. Management and Governance - The management team is focused on improving operations, production, research & development, and market development capabilities to enhance corporate value and financial performance[17]. - The Company emphasizes the importance of compliance and governance through its various committees[102]. - The management team has a strong background in the optical and electronic technology sectors, enhancing the Company's strategic direction[106]. - The Company is focused on expanding its market presence and enhancing product development capabilities[108]. Employee and Board Information - The Group had approximately 353 full-time employees as of December 31, 2022, with remuneration based on experience, performance, and contribution[85]. - The directors of the Company are appointed for a term of three years, with re-election postponed due to the pandemic response[162]. - The supervisors of the Company are also appointed for a term of three years, with their re-election similarly postponed[166]. - The Company has a diverse board with members holding various degrees and extensive experience in finance and management[110]. Customer and Supplier Concentration - The largest customer accounted for approximately 28.61% of the Group's total turnover in 2022, up from 21% in 2021, while the five largest customers accounted for 90% of total turnover, an increase from 77% in 2021[147]. - The largest supplier accounted for approximately 30% of the Group's total purchases in 2022, down from 43% in 2021, while the five largest suppliers accounted for 62% of total purchases, a decrease from 96% in 2021[147]. Dividend and Share Capital - The Company did not recommend the payment of a final dividend for the year ended 31 December 2022, consistent with the previous year where no dividend was paid[129]. - As of 31 December 2022, the Company had reserves available for dividend distribution to shareholders amounting to RMB Nil, unchanged from 2021[139]. - There were no movements in the Company's issued share capital during the year ended 31 December 2022[142]. Miscellaneous - The Group had no contingent liabilities as of December 31, 2022[74]. - The Group's exposure to foreign currency risk is minimal, as most transactions are denominated in the functional currency[75]. - The Company aims to remove the disclaimer of opinion issued by auditors regarding the consolidated financial statements for the year ended December 31, 2022[86].

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的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 山西長城微光器材股份有限公司 SHANXI CHANGCHENG MICROLIGHT EQUIPMENT CO. LTD.* （於中華人民共和國註冊成立之股份有限公司） 8286 （股份代號： ） 截至二零二二年十二月三十一日止年度之 全年業績公告 山西長城微光器材股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董事」）會 （「董事會」）公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年度業績。 GEM GEM 本公告載有本公司二零二二年年報（「年報」）全文，符合聯交所 證券上市規則（「 上市規 GEM 則」）有關年度業績初步公告須隨附資料的相關規定。年報印刷版載有 上市規則規定的資料， GEM 將按照 上市規則規定的方式適時寄發予本公司股東。 承董事會命 山西長城微光器材股份有限公司 主席 吳波 中國山西省太原市，二零二三年五月十九日 ...