Financial Performance - The revenue for the first quarter of 2022 was RMB 77,746,000, representing a 23.2% increase from RMB 63,125,000 in the same period of 2021[4] - The gross profit for the first quarter of 2022 decreased to RMB 9,651,000, down 33.8% from RMB 14,486,000 in the previous year[4] - The loss before tax for the first quarter of 2022 was RMB 1,130,000, compared to a profit of RMB 4,947,000 in the first quarter of 2021[4] - The net loss for the first quarter of 2022 was RMB 1,490,000, a significant decline from a profit of RMB 3,835,000 in the same period last year[4] - The total comprehensive loss for the first quarter of 2022 was RMB 1,835,000, compared to a total comprehensive income of RMB 3,866,000 in the first quarter of 2021[4] - The basic and diluted loss per share for the first quarter of 2022 was RMB (0.23), compared to earnings of RMB 0.48 per share in the same period of 2021[4] - Revenue from inflatable amusement products was approximately RMB 75,070,000, representing a 37.1% increase from RMB 54,748,000 in the previous year, accounting for about 96.6% of total revenue[23] - The company reported a loss attributable to owners of approximately RMB (1,490,000) compared to a profit of RMB 3,835,000 in the same period last year[19] Costs and Expenses - The cost of sales for the first quarter of 2022 was RMB 68,095,000, which is an increase of 40.2% from RMB 48,639,000 in the same period of 2021[4] - The cost of sales increased to approximately RMB 68,095,000, up RMB 19,456,000 or 40.4% from RMB 48,639,000 in the prior year, primarily due to rising raw material costs and increased employee expenses[25] - Distribution and selling expenses rose to approximately RMB 5,381,000, an increase of RMB 837,000 or 18.4% from RMB 4,544,000 in the prior year[29] - Administrative expenses for the first quarter of 2022 were RMB 5,355,000, up from RMB 4,537,000 in the first quarter of 2021[4] - Administrative expenses were approximately RMB 5,355,000, up RMB 818,000 or 18.1% from RMB 4,537,000 in the previous year, primarily due to increased employee benefits[30] Foreign Exchange and Other Income - The company reported a foreign exchange loss of RMB 345,000 in the first quarter of 2022, compared to a gain of RMB 31,000 in the previous year[4] - Other income and gains totaled approximately RMB 389,000, an increase of RMB 360,000 compared to RMB 29,000 in the previous year, mainly due to RMB 300,000 from leasing non-woven fabric production lines[28] Corporate Governance - The board did not recommend any interim dividend during the period, consistent with the previous year[20] - The board of directors is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance group performance[42] - The audit committee, established on June 20, 2017, ensures compliance with applicable accounting standards and GEM listing rules, and has reviewed the unaudited financial results for the period[45] - The audit committee includes independent non-executive directors with appropriate professional qualifications or accounting expertise, ensuring compliance with GEM listing rules[45] - The board will continuously review and improve corporate governance practices to ensure proper regulation of business activities and decision-making processes[43] - The board of directors confirmed compliance with the trading standards and the company's code of conduct regarding securities transactions during the period[40] - The company has not reported any conflicts of interest involving directors and controlling shareholders during the period[39] Business Expansion Plans - The company plans to launch healthcare-related services, including dental clinics and health management platforms[10] - The company aims to expand its business in the oral care industry in China, focusing on maintaining high standards for all products[22] Share Options and Securities - The company has not granted any share options under the share option scheme since its adoption on November 15, 2017[38] - The company has not purchased, sold, or redeemed any of its listed securities during the period[41] - The company has adopted a share option scheme to provide additional incentives to eligible participants for their contributions[37]

Financial Performance - For the year ended December 31, 2021, the total revenue of China Oral Industry Group Holdings Limited was approximately RMB 294,917,000, an increase of about RMB 34,182,000 compared to RMB 260,735,000 in 2020[11] - The company reported a loss of approximately RMB 2,133,000 for the year, a decrease of about RMB 25,690,000 or 109.1% compared to a profit of RMB 23,557,000 in 2020[11] - The group's revenue for the year was approximately RMB 294,917,000, an increase of about RMB 34,182,000 or 13.1% compared to RMB 260,735,000 for the year ended December 31, 2020[17] - Revenue from inflatable amusement products was approximately RMB 265,658,000, representing an increase of about RMB 29,235,000 or 12.4%, accounting for approximately 90.1% of total revenue[17] - The cost of sales for the year was approximately RMB 235,060,000, an increase of about RMB 49,236,000 or 26.5% compared to RMB 185,824,000 for the previous year[19] - Gross profit for the year was approximately RMB 59,857,000, a decrease of about RMB 15,054,000, with a gross margin of approximately 20.3%, down 8.4% from 28.7% the previous year[20] - Other income and gains totaled approximately RMB 2,210,000, an increase of about RMB 1,021,000 or 85.9% compared to RMB 1,189,000 for the previous year[22] - Distribution and selling expenses amounted to approximately RMB 31,653,000, an increase of about RMB 6,166,000 or 24.2% compared to RMB 25,487,000 for the previous year[23] - Administrative expenses were approximately RMB 21,590,000, an increase of about RMB 1,560,000 or 7.8% compared to RMB 20,030,000 for the previous year[24] - The company recorded a loss attributable to owners of approximately RMB 3,197,000, compared to a profit of approximately RMB 22,472,000 for the previous year[27] Business Strategy and Development - The company plans to diversify its business into the health sector, particularly in oral care, and aims to collaborate with local governments to develop an oral care industrial park[12] - The company intends to accelerate the development of the oral medicine industry chain and establish a digital medical service platform for oral care, orthodontics, and oral aesthetics[12] - The main business of the group remains the manufacturing and sales of inflatable products and related accessories[66] - The group has established long-standing relationships with major customers, which is expected to strengthen its market position[78] - The company has established stable relationships with major raw material suppliers to ensure quality and timely delivery[80] Financial Position and Risks - The current ratio as of December 31, 2021, was approximately 2.58, down from 3.62 the previous year, indicating a decrease in liquidity[31] - Approximately 87% of the group's revenue for the year ended December 31, 2021, was denominated in USD, while product costs were primarily in RMB, exposing the group to significant foreign exchange risk[42] - The credit loss provision for trade receivables was approximately RMB 242,000 for the year, compared to a reversal of RMB 162,000 in the previous year[43] - The company faces risks related to fluctuations in the RMB/USD exchange rate and potential changes in consumer preferences[72] Employee and Training Initiatives - The total employee compensation for the year ended December 31, 2021, was approximately RMB 75,797,000, an increase from RMB 51,871,000 in the previous year, reflecting a rise in the number of full-time employees to 953[44] - The group has implemented a training program to enhance employee skills and knowledge, with an annual training plan tailored to departmental needs[45] - The group maintains good relationships with employees and continuously evaluates the need for additional staff to support business development[82] Corporate Governance - The board of directors consists of three independent non-executive directors, accounting for over one-third of the board members, ensuring fair opinions on strategy and performance[139] - The company has appointed three independent non-executive directors with appropriate professional qualifications or accounting expertise, in compliance with GEM listing rules[139] - The board is responsible for monitoring financial performance and internal controls, with a focus on overall strategic development[142] - The company emphasizes high levels of corporate governance, including regular reviews of governance policies and compliance with legal regulations[143] - The company has established three board committees: the remuneration committee, nomination committee, and audit committee, each with clear written terms of reference[151] - The company has adopted a code of conduct for directors' securities transactions, confirming compliance with trading standards[178] Environmental, Social, and Governance (ESG) Initiatives - The company has established an ESG working group responsible for collecting ESG-related data and preparing the ESG report, which will regularly report to the board[198] - The ESG report outlines the company's initiatives, plans, and performance in environmental, social, and governance aspects, demonstrating its commitment to sustainable development[197] - The company has set its first environmental targets and implemented the latest ESG-related policies and guidelines to comply with applicable laws and regulations[198] - The company is actively addressing environmental issues and aims to reduce the consumption of natural resources[75] Shareholder Relations - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders and potential investors[189] - All GEM resolutions presented at shareholder meetings are passed by voting, with results published on the company's and the stock exchange's websites[191] - The company confirms that there were no significant non-compliance issues with applicable laws and regulations that could materially impact its business and operations during the fiscal year ending December 31, 2021[188]

Financial Performance - Revenue for the three months ended September 30, 2021, was RMB 75.71 million, a slight increase from RMB 74.12 million in the same period of 2020, representing a growth of 2.14%[4] - Gross profit for the nine months ended September 30, 2021, was RMB 49.33 million, down 14.67% from RMB 57.75 million in the same period of 2020[4] - The net profit for the three months ended September 30, 2021, was RMB 0.66 million, a decrease of 90.18% compared to RMB 6.71 million in the same period of 2020[4] - The total comprehensive income for the nine months ended September 30, 2021, was RMB 9.67 million, down 54.38% from RMB 21.17 million in the same period of 2020[4] - The company reported a basic and diluted earnings per share of RMB 0.08 for the three months ended September 30, 2021, compared to RMB 0.84 in the same period of 2020[4] - Total revenue for the nine months ended September 30, 2021, was approximately RMB 222.726 million, an increase of RMB 24.353 million or 12.3% compared to RMB 198.373 million for the same period in 2020[23] - Profit for the nine months ended September 30, 2021, was approximately RMB 10.077 million, a decrease of RMB 11.192 million or 52.6% compared to RMB 21.269 million for the same period in 2020[23] Expenses and Costs - The company incurred financing costs of RMB 1.48 million for the nine months ended September 30, 2021, down 21.43% from RMB 1.88 million in the same period of 2020[4] - Distribution and selling expenses for the three months ended September 30, 2021, were RMB 6.90 million, a decrease of 29.49% from RMB 9.80 million in the same period of 2020[4] - The sales cost for the period was approximately RMB 173,394,000, an increase of about RMB 32,766,000 or 23.3% compared to the same period in 2020[28] - Gross profit for the period was approximately RMB 49,332,000, a decrease of about RMB 8,413,000 or 14.6% compared to the same period in 2020, with a gross margin of approximately 22.1%, down 7.0% from 29.1% in 2020[29] - Distribution and selling expenses amounted to approximately RMB 21,732,000, an increase of about RMB 3,578,000 or 19.7% compared to the same period in 2020[31] - Administrative expenses were approximately RMB 13,488,000, an increase of about RMB 792,000 or 6.2% compared to the same period in 2020[32] Revenue Breakdown - Revenue from inflatable amusement products with blowers was approximately RMB 198.936 million, an increase of RMB 19.983 million or 11.2%, accounting for about 89.3% of total revenue[25] - Revenue from other inflatable products decreased by approximately RMB 854,000 or 45.0%, accounting for about 0.5% of total revenue[25] - Revenue from electronic solar products increased by approximately RMB 1.643 million or 22.7%, accounting for about 4.0% of total revenue[25] - Revenue from inflatable product-related accessories and subcontracting work increased by approximately RMB 3.581 million or 34.8%, accounting for about 6.2% of total revenue[25] Equity and Dividends - The total equity attributable to owners of the company as of September 30, 2021, was RMB 131.58 million, an increase from RMB 120.60 million as of September 30, 2020[5] - The company did not recommend any interim dividend for the nine months ended September 30, 2021[21] - The board did not recommend any interim dividend for the period[36] Other Financial Information - The company experienced a foreign exchange loss of RMB 0.09 million for the three months ended September 30, 2021, compared to a loss of RMB 0.90 million in the same period of 2020[4] - Other income and gains totaled approximately RMB 1,072,000, an increase of about RMB 468,000 or 77.5% compared to the same period in 2020[30] - Financing costs recorded interest on lease liabilities of approximately RMB 1,480,000, a decrease of about RMB 404,000 or 21.4% compared to the same period in 2020[33] - The company has not purchased, sold, or redeemed any of its securities during the period[45] - The audit committee reviewed the unaudited condensed consolidated financial results, ensuring compliance with applicable accounting standards and GEM listing rules[48] Future Outlook - The company aims to maintain stable sales growth and focus on technological improvements to reduce production costs despite challenges from rising material costs and transportation expenses in the fourth quarter of 2021 and next year[24] - The company has not disclosed specific future outlook or guidance in the provided content[4] Tax Information - The company’s Hong Kong profits tax rate is 16.5%, while its Chinese subsidiaries are subject to a 25% corporate income tax rate unless preferential rates apply[17]

Financial Performance - For the six months ended June 30, 2021, the company's revenue was RMB 147,016 thousand, an increase of 18.3% compared to RMB 124,255 thousand for the same period in 2020[7] - Gross profit for the same period was RMB 36,818 thousand, representing a gross margin of 25.0%, up from RMB 33,732 thousand in 2020[7] - The company's net profit for the six months ended June 30, 2021, was RMB 9,418 thousand, a decrease of 35.0% from RMB 14,562 thousand in the previous year[7] - The company reported a net profit of RMB 9,418,000 for the six months ended June 30, 2021, compared to RMB 14,562,000 for the same period in 2020, representing a decrease of 35%[9] - The company’s total comprehensive income for the six months ended June 30, 2021, was RMB 9,103,000, compared to RMB 15,363,000 in the same period of 2020, indicating a decrease of about 41%[9] - The company reported a net profit of RMB 5,583,000 for Q2 2021, compared to RMB 11,200,000 in Q2 2020, indicating a decrease of 50.1%[35] Revenue and Sales - Total revenue for the first half of 2021 reached RMB 147,016,000, representing a 18.3% increase compared to RMB 124,255,000 in the same period of 2020[24] - Revenue from customers for inflatable products and related accessories increased to RMB 83,577,000 in Q2 2021, up 10.4% from RMB 75,742,000 in Q2 2020[24] - Revenue from external customers in Europe surged to RMB 12,153,000 in Q2 2021, a significant increase of 158.5% from RMB 4,703,000 in Q2 2020[27] - Sales revenue from inflatable amusement products was approximately RMB 130,183,000, an increase of about RMB 20,378,000 or 18.6% compared to RMB 109,805,000 in 2020, accounting for about 88.6% of total revenue[52] Costs and Expenses - The cost of goods sold for the first half of 2021 was RMB 110,198,000, an increase of 21.7% from RMB 90,523,000 in the same period of 2020[35] - Distribution and selling expenses totaled approximately RMB 14,836,000, an increase of about RMB 6,482,000 or 77.6% compared to RMB 8,354,000 in 2020[58] - Administrative expenses increased by approximately RMB 2,108,000 or 30.1%, totaling about RMB 9,106,000 compared to RMB 6,998,000 in 2020[59] Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 200,756 thousand, an increase from RMB 180,797 thousand at the end of 2020[8] - Current assets increased to RMB 158,051 thousand from RMB 136,740 thousand in the previous year, driven by higher inventory and trade receivables[8] - The total equity attributable to owners of the company was RMB 131,009 thousand, up from RMB 121,906 thousand at the end of 2020[8] - Trade receivables increased to RMB 49,217,000 in 2021 from RMB 18,070,000 in 2020, reflecting a significant growth[44] - Trade payables rose to RMB 24,927,000 in 2021 from RMB 17,314,000 in 2020, indicating increased operational activity[46] Cash Flow - The company's cash and bank balances decreased to RMB 30,272 thousand from RMB 52,114 thousand, indicating a cash outflow during the period[8] - Operating cash flow for the six months ended June 30, 2021, was a net outflow of RMB 18,011,000, compared to a net inflow of RMB 14,166,000 in the same period of 2020, indicating a significant decline in cash generation[12] - The company’s cash and cash equivalents decreased to RMB 30,271,000 as of June 30, 2021, down from RMB 50,336,000 at the end of June 2020, a decline of approximately 40%[12] Financing and Costs Management - The company reported a decrease in financing costs to RMB 996 thousand from RMB 1,302 thousand, reflecting improved cost management[7] - The total financing cost for the first half of 2021 was RMB 996,000, down 23.5% from RMB 1,302,000 in the same period of 2020[30] - The company’s financing costs decreased to RMB 996,000 in the first half of 2021 from RMB 1,302,000 in the same period of 2020, a reduction of approximately 23%[12] Investments and Future Plans - The company plans to continue expanding its market presence and investing in new product development to drive future growth[7] - The company invested approximately RMB 18,000 in acquiring intangible assets during the period, compared to no investment in the previous year[41] - There were no significant investments, acquisitions, or plans for major capital assets as of June 30, 2021[65] Employee and Compensation - The company employed 987 full-time employees as of June 30, 2021, an increase from 726 employees as of December 31, 2020[74] - Total employee compensation, including directors' remuneration, was approximately RMB 34.3 million for the six months ended June 30, 2021, compared to RMB 20.5 million for the same period in 2020[74] Risk Management - The company faced foreign exchange risks due to revenue being primarily denominated in USD while production costs were in RMB, with no formal foreign exchange hedging policy in place[71] - The company has not reported any significant changes in its liquidity and funding risk management policies compared to the previous year[21]

Financial Performance - Revenue for the three months ended March 31, 2021, was RMB 63,125,000, an increase of 30.2% compared to RMB 48,489,000 for the same period in 2020[3] - Gross profit for the same period was RMB 14,486,000, representing a gross margin of 22.9%, up from RMB 11,484,000 in 2020[3] - Profit before tax increased to RMB 4,947,000, a rise of 16.4% from RMB 4,252,000 in the previous year[3] - Net profit for the period was RMB 3,835,000, compared to RMB 3,362,000 in the same period last year, reflecting a growth of 14.0%[3] - Basic and diluted earnings per share for the period were RMB 0.48, up from RMB 0.42 in the previous year[3] - The company reported a total comprehensive income of RMB 3,866,000 for the period, compared to RMB 4,286,000 in the same period of 2020[3] - Total revenue for the first quarter of 2021 was approximately RMB 63,125,000, an increase of about RMB 14,636,000 or 30.2% compared to RMB 48,489,000 in the same period of 2020[25] - Profit for the period was approximately RMB 3,835,000, an increase of about RMB 473,000 or 14.1% compared to RMB 3,362,000 in the same period of 2020[25] Revenue Breakdown - Revenue from the sale of inflatable products and related accessories was RMB 62,655,000, an increase from RMB 48,056,000 in the previous year[14] - Revenue from inflatable amusement products with fans was approximately RMB 54,748,000, an increase of about RMB 16,196,000 or 42.0%, accounting for about 86.7% of total revenue[27] Expenses - Sales cost for the period was approximately RMB 48,639,000, an increase of about RMB 11,634,000 or 31.4% compared to RMB 37,005,000 in the same period of 2020[30] - Distribution and selling expenses totaled approximately RMB 4,544,000, an increase of about RMB 759,000 or 20.1% compared to RMB 3,785,000 in the same period of 2020[33] - Administrative expenses were approximately RMB 4,537,000, an increase of about RMB 1,245,000 or 37.8% compared to RMB 3,292,000 in the same period of 2020[34] Corporate Developments - The company has identified one operating segment, which is the manufacturing and sale of inflatable products and related accessories[12] - The company continues to focus on the manufacturing and sales of inflatable products, with no additional segments reported for further analysis[13] - The new SMS non-woven fabric production line began trial production and sales in the first quarter, expected to positively impact long-term development[26] - The company has established a new factory in Yongzhou, Hunan Province, which began production in the first quarter of 2021, expected to contribute to revenue and profit in the long term[25] Shareholder Information - As of March 31, 2021, Mr. Li Jianji held 172,244,000 shares, representing 21.53% of the company's ordinary shares[38] - Nonton held 427,756,000 shares, accounting for 53.47% of the company's ordinary shares[41] - The company has not granted any options under the share option scheme since its adoption on November 15, 2017[45] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the financial performance and confirmed compliance with applicable accounting standards[52] - The company did not purchase, sell, or redeem any of its securities during the period[49] - The company has adhered to the corporate governance code as per GEM listing rules[50] - There were no competitive or conflict of interest activities reported by directors or major shareholders during the period[46] Dividends - The company did not recommend any interim dividend for the period ending March 31, 2021[24] - The board of directors did not recommend any interim dividend for the period[38] Product Development - The company has not proposed any new products or technologies in this report[40]

年度報告 2020 Annual Report 2020 A L N A TIO P H A E R A INTE R N A L H O LDI N G S LIMIT E D 合 寶 豐 年 控 股 有 限 公 司 ANNUAL REPO R T 2020 年度報 告 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市的市場，此等公司相比起其他在聯交所上市的公司可能帶有較高投資風 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上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券承受較大的市場波動風險，同時 無法保證於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報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示，概不對因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關合寶豐年控股有限公司（「本公 司」，連同其附屬公司，「本集團」）之資料； ...

Financial Performance - Revenue for the three months ended September 30, 2020, was RMB 74,118,000, representing a 33% increase from RMB 55,806,000 in the same period of 2019[5] - Gross profit for the nine months ended September 30, 2020, was RMB 57,745,000, up 67.8% from RMB 34,444,000 in the same period of 2019[5] - Profit before tax for the three months ended September 30, 2020, was RMB 8,121,000, a 6.8% increase compared to RMB 7,603,000 in the same period of 2019[5] - Net profit for the nine months ended September 30, 2020, was RMB 21,269,000, which is an 78.5% increase from RMB 11,949,000 in the same period of 2019[5] - Basic and diluted earnings per share for the nine months ended September 30, 2020, were RMB 2.66, up from RMB 1.49 in the same period of 2019[5] - The total comprehensive income for the three months ended September 30, 2020, was RMB 5,807,000, compared to RMB 6,983,000 in the same period of 2019[5] Revenue Breakdown - For the nine months ended September 30, 2020, total revenue was approximately RMB 198,373,000, an increase of about RMB 45,357,000 or 29.6% compared to RMB 153,016,000 for the same period in 2019[30] - Revenue from the North American e-commerce platform for the nine months ended September 30, 2020, was approximately RMB 35,872,000, an increase of RMB 31,525,000 or 7.3 times compared to RMB 4,347,000 for the same period in 2019[30] - The total income from external customers in North America for the nine months ended September 30, 2020, was RMB 92,710,000, compared to RMB 27,954,000 for the same period in 2019, reflecting significant growth[17] - Revenue from the sale of inflatable amusement products was approximately RMB 178,953,000, representing an increase of about RMB 42,701,000 or 31.3%, accounting for approximately 90.2% of total revenue[32] Expenses and Costs - Distribution and selling expenses increased to RMB 9,800,000 for the three months ended September 30, 2020, from RMB 4,089,000 in the same period of 2019[5] - Administrative expenses for the nine months ended September 30, 2020, were RMB 12,696,000, compared to RMB 11,049,000 in the same period of 2019[5] - The company's gross profit for the nine months ended September 30, 2020, was impacted by a cost of goods sold amounting to RMB 140,628,000, compared to RMB 118,572,000 for the same period in 2019[23] - The cost of sales increased by approximately RMB 22,056,000 or 18.6% to approximately RMB 140,628,000 compared to RMB 118,572,000 in the same period of 2019[34] - The group's selling and distribution expenses totaled approximately RMB 18,154,000, an increase of about RMB 8,829,000 or 94.7% compared to RMB 9,325,000 in the same period of 2019[38] - Administrative expenses for the period were approximately RMB 12,696,000, an increase of about RMB 1,647,000 or 14.9% compared to RMB 11,049,000 in the same period of 2019[39] Dividends and Equity - The company declared a final dividend of HKD 0.75 per share for the year ended December 31, 2019, amounting to approximately RMB 5,428,000[26] - The company did not recommend any interim dividend for the period, consistent with the previous year[42] - The company’s total equity as of September 30, 2020, was RMB 120,604,000, an increase from RMB 104,862,000 at the beginning of the year[6] Future Outlook - The company signed a contract in March 2020 to purchase a production line for SMS non-woven fabric, expected to start trial production in December 2020 and formal production of medical-grade SMS mask fabric in Q1 2021[30] - The company anticipates stable growth in orders for Q4 2020 and early 2021, supported by the new factory in Heyuan and the maturation of newly developed products[30] Governance and Compliance - The company has confirmed compliance with the GEM Listing Rules and has adopted a code of conduct for directors' securities transactions[53] - The company has adhered to the corporate governance code as per the GEM Listing Rules during the reporting period[55] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the period[56] - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the period[54] Other Income - Other income and gains totaled approximately RMB 604,000, a decrease of about RMB 451,000 compared to RMB 1,055,000 in the same period of 2019[37] - The income tax expense for the nine months ended September 30, 2020, was RMB 4,346,000, compared to RMB 3,176,000 for the same period in 2019[19] Gross Margin - The increase in gross margin was primarily due to a significant increase in sales of inflatable products through e-commerce platforms in North America, which have relatively higher margins[35]

Financial Performance - Revenue for the six months ended June 30, 2020, was RMB 124,255,000, an increase of 28% compared to RMB 97,210,000 for the same period in 2019[8] - Gross profit for the six months ended June 30, 2020, was RMB 33,732,000, representing a 64% increase from RMB 20,482,000 in the previous year[8] - Net profit for the six months ended June 30, 2020, was RMB 14,562,000, up 152% from RMB 5,772,000 in the same period of 2019[8] - Basic and diluted earnings per share for the six months ended June 30, 2020, were RMB 1.82, compared to RMB 0.72 for the same period in 2019[8] - Total comprehensive income for the six months ended June 30, 2020, was RMB 15,363,000, up from RMB 6,102,000 in the same period of 2019, indicating a growth of 152.5%[11] - The total profit for the six months ended June 30, 2020, was RMB 14,562,000, compared to RMB 5,772,000 for the same period in 2019, representing an increase of 152.5%[37] - The profit for the same period was approximately RMB 14,562,000, an increase of about RMB 8,790,000 or 152.3% compared to RMB 5,772,000 for the same period in 2019[52] Assets and Equity - Total assets as of June 30, 2020, amounted to RMB 194,116,000, an increase from RMB 158,298,000 as of December 31, 2019[10] - Current assets increased to RMB 156,986,000 as of June 30, 2020, compared to RMB 132,342,000 at the end of 2019[10] - Non-current assets increased to RMB 37,130,000 as of June 30, 2020, compared to RMB 25,956,000 at the end of 2019[10] - The company’s total equity increased to RMB 120,225,000 as of June 30, 2020, from RMB 104,862,000 at the end of 2019[10] - The company’s total equity increased to RMB 120,225,000 as of June 30, 2020, from RMB 104,862,000 at the beginning of the year, reflecting a growth of 14.6%[11] - The total equity attributable to the owners of the company was approximately RMB 1,202 million as of June 30, 2020, compared to RMB 1,049 million as of December 31, 2019[65] Cash Flow and Expenses - Cash generated from operating activities for the six months ended June 30, 2020, was RMB 14,166,000, a decrease of 43.2% from RMB 24,937,000 in the previous year[13] - The company’s operating cash flow was impacted by a significant increase in trade and other receivables, which decreased cash flow by RMB 8,831,000[13] - Distribution and selling expenses amounted to approximately RMB 8,354,000, an increase of about RMB 3,118,000 or 59.5% compared to the same period last year, driven by higher transportation costs, advertising, and commission expenses[61] - Administrative expenses decreased to approximately RMB 6,998,000, a reduction of RMB 1,085,000 or 13.4% compared to the previous year, mainly due to lower hospitality and travel expenses[62] Revenue Sources - Revenue from inflatable products and related accessories for the six months ended June 30, 2020, was RMB 123,798,000, an increase of 29.3% compared to RMB 95,780,000 for the same period in 2019[25] - Revenue from external customers in North America for the six months ended June 30, 2020, was RMB 51,530,000, a significant increase of 253.5% from RMB 14,534,000 in the same period of 2019[28] - Revenue from the sale of inflatable amusement products was approximately RMB 109,805,000, an increase of about RMB 23,035,000 or 26.5%, accounting for approximately 88.4% of total revenue[55] - Revenue from sales through the North American e-commerce platform for the second quarter was approximately RMB 17,620,000, a 30.1 times increase compared to RMB 567,000 for the same period in 2019[52] - The company recorded a significant increase in sales of related accessories and packaging work, with revenue of approximately RMB 5,903,000, a 126.8% increase compared to RMB 2,603,000 for the same period in 2019[55] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 46,440,000 from RMB 36,516,000 year-over-year[10] - The company experienced an increase in inventory of RMB 9,924,000 for the six months ended June 30, 2020, compared to an increase of RMB 4,499,000 in the same period of 2019[13] - Trade receivables as of June 30, 2020, were RMB 51,359,000, an increase from RMB 45,366,000 as of December 31, 2019[43] - Trade payables as of June 30, 2020, were RMB 34,214,000, an increase from RMB 20,029,000 as of December 31, 2019[46] Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[2] - The company expects stable business growth in the second half of 2020, focusing on production technology improvements and cost reduction[53] - The company has expanded its distribution network through e-commerce partnerships established since the second half of 2018[51] Corporate Governance and Shareholder Information - The audit committee, consisting of three independent non-executive directors, oversees the financial reporting and internal control processes of the group[91] - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[89] - There were no purchases, sales, or redemptions of the company's securities by the company or its subsidiaries during the reporting period[88] - The company has not disclosed any interests or positions held by directors or major shareholders that could lead to conflicts of interest[85] - Mr. Li Jianji holds 172,244,000 shares, representing 21.53% of the company's ordinary shares[78] - Nonton Limited, beneficially owned by Mr. Li Jingxin, holds 427,756,000 shares, accounting for 53.47% of the company's ordinary shares[80] - The total number of issued shares as of the report date is 800,000,000[82] - No share options have been granted under the share option scheme since its adoption on November 15, 2017[84] - The company has adopted a share option scheme to provide additional incentives to eligible participants for their contributions[83] Financial Risks and Policies - The company has maintained its financial risk management policies without significant changes since the end of the previous fiscal year[22] - The company currently has no formal foreign exchange hedging policy in place to manage currency risks associated with its operations[71]

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他於聯交所上市的中小型公司帶有較高投資風險的公司提供一個上市的市場。有 意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券承受較大的市場波動 風險，同時無法保證於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報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並 明確表示，概不對因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關合寶豐年控股有限 公司（「本公司」及連同其附屬公司，統稱為「本集團」）之資料，本公司董事（「董事」）願就本報告共同及個別地 承擔全部責任。董事在作出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重要方面均準 確完備，並無誤導或欺詐成分，且並無遺漏其他事項，足以令致本報告或其所載任何陳述產生誤導。 1 合寶豐年控股有限公司 2020年第一季度報告 ...

年度報告 2019 Annual Report 2019 A L P H A E R A INTE R N ATIO N A L H LDI N G S LIMIT E D 合 O 寶 豐 年 控 R T 2019 年度報 告 股 有 限 公 司 ANNUAL REPO 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市的市場，此等公司相比起其他在聯交所上市的公司可能帶有較高投資風 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上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券承受較大的市場波動風險，同時 無法保證於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報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示，概不對因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關合寶豐年控股有限公司（「本公 司」，連同其附屬公司，「本集團」）之資料；本 ...