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 ...

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 ...