Financial Performance - Revenue for the three months ended September 30, 2019, was RMB 55,806,000, representing an increase of 4.8% compared to RMB 53,250,000 for the same period in 2018[6]. - Gross profit for the nine months ended September 30, 2019, was RMB 34,444,000, up 33.2% from RMB 25,863,000 in the same period of 2018[6]. - The net profit for the three months ended September 30, 2019, was RMB 6,177,000, a decrease of 2.6% from RMB 6,341,000 in the same period of 2018[6]. - Basic and diluted earnings per share for the nine months ended September 30, 2019, was RMB 1.49, compared to RMB 1.06 for the same period in 2018, reflecting an increase of 40.6%[6]. - Total comprehensive income for the nine months ended September 30, 2019, was RMB 13,085,000, an increase of 33.4% from RMB 9,794,000 in the same period of 2018[6]. - Revenue for the nine months ended September 30, 2019, reached RMB 153,016,000, representing a significant increase of 32.2% from RMB 115,762,000 in the previous year[13]. - The profit for the period was approximately RMB 11,949,000, an increase of RMB 3,483,000 or 41.1% compared to RMB 8,466,000 in 2018[36]. Expenses - Distribution and selling expenses increased to RMB 9,325,000 for the nine months ended September 30, 2019, from RMB 6,183,000 in the same period of 2018, marking a rise of 50.0%[6]. - Administrative expenses for the nine months ended September 30, 2019, were RMB 11,049,000, slightly up from RMB 10,754,000 in the same period of 2018[6]. - The total tax expense for the nine months ended September 30, 2019, was RMB 3,176,000, an increase from RMB 1,973,000 in the previous year[17]. - Distribution and selling expenses increased by RMB 3,142,000 or 50.8% to approximately RMB 9,325,000, primarily due to increased advertising and transportation costs[33]. - Administrative expenses were approximately RMB 11,049,000, an increase of RMB 295,000 or 2.7% compared to 2018[34]. Market and Product Development - The company plans to continue expanding its market presence and investing in new product development to drive future growth[11]. - The company plans to continue developing new products, aiming for a market launch in early next year, which is expected to positively impact revenue and profit[26]. - Sales of inflatable products and related accessories contributed RMB 54,185,000 for the three months ended September 30, 2019, compared to RMB 53,229,000 in 2018, showing a slight increase[13]. - Revenue from the sale of inflatable amusement products was approximately RMB 136,252,000, representing an increase of RMB 34,024,000 or 33.3%, accounting for about 89.0% of total revenue[27]. Equity and Dividends - The company’s total equity as of September 30, 2019, was RMB 98,129,000, an increase from RMB 90,282,000 at the beginning of the year[8]. - The company declared a final dividend of HKD 0.75 per share for the nine months ended September 30, 2019, totaling approximately HKD 6,000,000 (about RMB 5,238,000)[23]. - The board did not recommend any interim dividend for the period[37]. Compliance and Governance - The company has adopted a share option scheme to provide additional incentives to eligible participants for their contributions to the group[43]. - The company has confirmed that there are no interests related to the company held by the compliance advisor or its associates that need to be disclosed under GEM Listing Rule 6A.32[46]. - All directors have confirmed compliance with the trading standards and the company's adopted code of conduct for securities trading during the period[47]. - The company or any of its subsidiaries did not purchase, sell, or redeem any of the company's securities during the period[48]. - The company has applied the principles and code provisions of the corporate governance code as per GEM Listing Rule Appendix 15 during the period[49]. - The audit committee, established on June 20, 2017, consists of three independent non-executive directors and is responsible for reviewing and supervising the group's financial reporting and internal control procedures[50].

Financial Performance - Revenue for the six months ended June 30, 2019, was RMB 97,210,000, representing a 55.5% increase compared to RMB 62,512,000 for the same period in 2018[8] - Gross profit for the six months ended June 30, 2019, was RMB 20,482,000, up 57.7% from RMB 13,005,000 in the previous year[8] - Profit before tax for the six months ended June 30, 2019, increased to RMB 7,522,000, a significant rise of 203.5% compared to RMB 2,481,000 in 2018[8] - Net profit for the six months ended June 30, 2019, was RMB 5,772,000, compared to RMB 2,125,000 for the same period in 2018, marking a 171.5% increase[8] - Basic and diluted earnings per share for the six months ended June 30, 2019, were RMB 0.72, up from RMB 0.27 in 2018, reflecting a 166.7% increase[8] - The company reported a total comprehensive income of RMB 6,102,000 for the six months ended June 30, 2019, compared to RMB 2,483,000 in the same period of 2018, representing a 145.5% increase[8] - For the six months ended June 30, 2019, the company reported a net profit of RMB 5,772,000, compared to RMB 2,125,000 for the same period in 2018, representing a year-over-year increase of 171%[11] - The company’s net profit for the period was approximately RMB 5,772,000, an increase of RMB 3,647,000 or 171.6% compared to the same period in 2018[45] Assets and Liabilities - Total assets as of June 30, 2019, were RMB 114,660,000, a decrease from RMB 122,942,000 as of December 31, 2018[10] - Cash and bank balances increased to RMB 36,421,000 as of June 30, 2019, compared to RMB 18,630,000 at the end of 2018[10] - Inventory as of June 30, 2019, was RMB 36,304,000, up from RMB 31,555,000 at the end of 2018, indicating a 15.0% increase[10] - Trade and other receivables decreased to RMB 31,939,000 from RMB 64,168,000, reflecting a 50.2% decline[10] - The company's total equity as of June 30, 2019, was RMB 91,146,000, up from RMB 90,282,000 at the beginning of the year, indicating a slight increase of 1%[11] - Trade receivables as of June 30, 2019, were RMB 14,583,000, down from RMB 56,554,000 as of December 31, 2018[37] - Trade payables as of June 30, 2019, were RMB 10,834,000, a decrease from RMB 21,446,000 as of December 31, 2018[40] Cash Flow - Operating cash flow for the six months ended June 30, 2019, was RMB 24,937,000, a significant improvement from a cash outflow of RMB 5,690,000 in the same period of 2018[12] - The company’s cash and cash equivalents increased by RMB 17,699,000, reaching RMB 36,421,000 by the end of the period, compared to RMB 32,070,000 at the end of June 2018[12] Expenses - The cost of inventory recognized as an expense for the six months ended June 30, 2019, was RMB 76,728,000, an increase from RMB 49,507,000 in the same period of 2018[29] - The company incurred total tax expenses of RMB 1,750,000 for the six months ended June 30, 2019, compared to RMB 356,000 in the same period of 2018[26] - Distribution and selling expenses amounted to approximately RMB 5,236,000, an increase of RMB 1,288,000 or 32.6% compared to the same period in 2018 (RMB 3,948,000), primarily due to increased advertising and promotional expenses[52] - Administrative expenses were approximately RMB 8,083,000, an increase of RMB 943,000 or 13.2% compared to the same period in 2018 (RMB 7,140,000), mainly due to higher employee benefits expenses[53] Revenue Sources - Revenue from inflatable products and related accessories for the three months ended June 30, 2019, was RMB 49,030,000, a 98.5% increase from RMB 24,653,000 in the same period of 2018[21] - Revenue from external customers in Europe for the six months ended June 30, 2019, was RMB 26,522,000, a 8.4% increase compared to RMB 24,469,000 in the same period of 2018[23] - Revenue from the sale of inflatable amusement products with blowers was approximately RMB 86,770,000, an increase of RMB 33,455,000 or 62.7% year-on-year, accounting for about 89.3% of total revenue[46] Shareholder Information - The company’s major shareholder, Nonton Limited, holds 427,756,000 shares, representing 53.47% of the total shareholding[78] - The company’s director, Mr. Li Jianji, holds 172,244,000 shares, representing 21.53% of the total shareholding[75] Corporate Governance - The company confirmed compliance with the corporate governance code as per GEM listing rules during the reporting period[86] - The audit committee was established on June 20, 2017, consisting of three independent non-executive directors, with Mr. He Xiancong as the chairman[88] - The committee's main responsibilities include reviewing and supervising the financial reporting process and internal control procedures of the group[88] - The unaudited financial performance for the period has not been reviewed by the independent auditor but has been reviewed by the audit committee[88] - The audit committee believes that the performance complies with applicable accounting standards and GEM listing rules, with adequate disclosures made[88] Future Plans - The company plans to start production and sales of a new generation of electronic interactive inflatable products and related systems in the second half of 2019, which is expected to generate significant revenue and higher gross margins[45] - The company applied for 2 trademarks and 8 patents in the first half of 2019, including 3 in China and 5 overseas, to enhance its product portfolio[68] - The company expanded its wholesale distribution network by replacing agents in the UK and the Middle East and adding a new agent in Spain, resulting in over USD 1 million in additional revenue in the first half of 2019[70] - The company developed 5 new small inflatable amusement products and designed 4 new inflatable tents during the reporting period[71] Use of Proceeds - The net proceeds from the share issuance amounted to approximately HKD 20.7 million after deducting related underwriting and professional service fees[72] - Approximately 26.5% of the net proceeds, or about HKD 5.5 million, was allocated for product development to enhance the product portfolio and brand recognition[72] - As of June 30, 2019, the actual use of proceeds for expanding and enhancing the product portfolio was HKD 3.316 million, compared to the planned HKD 4.371 million[73] - The actual use of proceeds for capacity expansion was HKD 3.157 million, lower than the planned HKD 5.464 million[73] - The company allocated HKD 4.072 million for attracting and retaining quality talent, exceeding the planned amount of HKD 3.497 million[73] - The total unutilized net proceeds as of June 30, 2019, amounted to HKD 15.694 million, which is to be applied in accordance with the proposed allocation in the prospectus[73]

Financial Performance - For the three months ended March 31, 2019, the company reported revenue of RMB 46,750,000, an increase of 25.4% compared to RMB 37,304,000 for the same period in 2018[3] - Gross profit for the same period was RMB 10,068,000, representing a gross margin of 21.5%, up from RMB 7,784,000 in 2018[3] - The company's profit before tax increased to RMB 2,896,000, a 78.1% rise from RMB 1,626,000 in the previous year[3] - Net profit for the period was RMB 2,294,000, compared to RMB 1,411,000 in the same period last year, reflecting a year-on-year growth of 62.3%[3] - The total comprehensive income for the period was RMB 1,563,000, significantly higher than RMB 537,000 in the prior year[3] - Basic and diluted earnings per share for the period were RMB 0.29, compared to RMB 0.18 in the same period of 2018, marking a 61.1% increase[3] Revenue Breakdown - Revenue from inflatable amusement products with fans was approximately RMB 45,274,000, representing an increase of about RMB 12,395,000 or 37.7%, accounting for approximately 96.8% of total revenue[26] - The cost of sales increased by approximately RMB 7,162,000 or 24.3% to approximately RMB 36,682,000, consistent with the revenue increase[28] Expenses - The company’s administrative expenses slightly decreased to RMB 4,330,000 from RMB 4,381,000 in the previous year[3] - The total distribution and selling expenses for the period were approximately RMB 2,873,000, an increase of about RMB 1,072,000 or 59.5% compared to RMB 1,801,000 in the same period of 2018[31] - The company’s employee benefits expenses totaled approximately RMB 9,312,000, an increase from RMB 8,925,000 in the same period of 2018[19] - The total tax expense for the period was RMB 602,000, compared to RMB 215,000 in the same period of 2018[15] Corporate Governance - The company confirmed compliance with the corporate governance code as per GEM listing rules during the period[48] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial results and ensured compliance with applicable accounting standards[49] - The board of directors confirmed adherence to the trading standards for securities transactions during the period[46] Shareholder Information - As of March 31, 2019, major shareholders included Nonton Limited with 427,756,000 shares, representing 53.47% ownership, and Blink Wishes Limited with 172,244,000 shares, representing 21.53% ownership[38] Future Plans - The company plans to invest in multiple new product series for trial production in the second quarter and develop comprehensive marketing plans with distributors[24] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[3] - There are no indications of mergers or acquisitions in the current financial report[3] - The company did not recommend any interim dividend for the three months ended March 31, 2019[22] - No interim dividend was recommended for the period[36] - The company has adopted a share option scheme to provide additional incentives to eligible participants for their contributions to the group[41] - No share options have been granted under the share option scheme since its adoption until the report date[42] - There were no purchases, sales, or redemptions of the company's securities by the company or its subsidiaries during the period[47] - The company did not record any financing costs during the period[34]

Annual Report 2018 ALPHA ERA INTERNATIONAL HOLDINGS LIMITED 合 寶 豐 年 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） 股份代號: 8406 2018 年度報告 (Incorporated in the Cayman Islands with limited liability) Stock code: 8406 ALPHA ERA INTERNATIONAL HOLDINGS LIMITED 合 寶 豐 年 控 股 有 限 公 司 E R A A L P H A INTE R N A TIO N A L H O LDI N G S LIMIT E D 合 寶 豐 年 控 股 有 T 2018 年度報 告 Production4/Annual Report/19020578-Alpha-AR(e)/ 00 Cover/Alpha Era AR18-Full Cover-12mm.ai 香港聯合交易所有限公司（「聯交所」）GEM的特色 限 公 司 ANNUAL REPO R 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 ...