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，概不對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。 FY FINANCIAL (SHENZHEN) CO., LTD. 富銀融資租賃（深圳）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：8452） 截至二零二三年六月三十日止六個月 未經審核中期業績公告 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。 中期業績 富銀融資租賃（深圳）股份有限公司（「本公司」）董事（「董事」，各自為一名「董事」）會 （「董事會」）欣然公佈本公司及其附屬公司截至二零二三年六月三十日止六個月（「報告 期」）的未 ...

Revenue and Profitability - Revenue for Q1 2023 was RMB 9,087,277, an increase of 38.9% compared to RMB 6,549,196 in Q1 2022[8] - Profit for the period was RMB 1,502,858, down 61.0% from RMB 3,860,735 in the same period last year[8] - Basic and diluted earnings per share decreased to RMB 0.42 from RMB 1.11, a decline of 62.2%[8] - The Group recorded a revenue of approximately RMB 9.09 million for the Reporting Period, representing an increase of approximately 38.78% from RMB 6.55 million for the same period last year[64] - Profit for the Reporting Period was approximately RMB 1.50 million, a decrease of approximately 61.14% from RMB 3.86 million for the same period last year[64] Operating Expenses - Operating expenses increased significantly to RMB 2,978,623 from RMB 1,360,679, reflecting a rise of 118.8%[8] - Administrative expenses rose to RMB 4,714,304, up 34.1% from RMB 3,516,700 in Q1 2022[8] - Operating expenses rose to approximately RMB 2.98 million, an increase of approximately 119.12% from RMB 1.36 million in the same period last year, primarily due to increased staff remuneration for the energy storage business[71] - Administrative expenses were approximately RMB 4.71 million, up approximately 33.81% from RMB 3.52 million in the same period last year, mainly due to increased staff remuneration for the energy storage business[72] Income and Gains - Other income and gains increased to RMB 3,672,742, compared to RMB 1,920,615, marking an increase of 91.1%[8] - The company reported a significant increase in grants from the government, rising to RMB 573,975 in Q1 2023 from RMB 25,798 in Q1 2022, a growth of 2,124.5%[40] - Other income and gains increased to approximately RMB 3.67 million, representing a growth of approximately 91.15% from RMB 1.92 million in the same period last year, attributed to tax refunds, operating lease income, bank interest income, and maintenance service income[70] Revenue Streams - Revenue from contracts with customers amounted to RMB 4,573,506, with significant contributions from energy storage solutions and general construction at RMB 4,435,260[38] - Finance lease income decreased to RMB 148,768 from RMB 577,088 year-over-year, indicating a decline of approximately 74.2%[38] - Income from sale-leaseback transactions was RMB 972,846, down from RMB 3,342,916, reflecting a decrease of about 70.9%[38] - Factoring income increased slightly to RMB 2,640,239 from RMB 2,576,810, showing a growth of approximately 2.5%[38] - Energy storage service income was reported at RMB 250,537, with no prior year comparison available[38] - The company generated RMB 501,381 from the provision of 5G base stations site space, marking a new revenue stream[38] Cost of Sales - Total cost of sales surged to RMB 3,967,039 in Q1 2023, compared to RMB 339,792 in Q1 2022, representing a significant increase of 1,065.5%[42] - Direct costs amounted to approximately RMB 3.97 million, a substantial increase of approximately RMB 3.63 million from RMB 0.34 million for the same period last year[65] Tax and Earnings - Income tax expense for Q1 2023 was RMB 741,696, down from RMB 1,383,707 in Q1 2022, showing a decrease of 46.4%[45] - Basic earnings per share for Q1 2023 were calculated based on a profit attributable to equity owners of RMB 2,068,159, compared to RMB 3,994,052 in Q1 2022[49] Business Development and Strategy - The company continues to engage in financial leasing, factoring, and advisory services, alongside expanding into medical equipment and energy storage sectors[10] - The increase in revenue was mainly attributed to the addition of the Energy Storage Business during the Reporting Period[64] - The Group is actively expanding its presence in the 5G Business by targeting the base station market for telecom operators in Guangdong[56] - The Group plans to further develop the 5G Business and the Energy Storage Business to broaden its revenue base[63] - The Energy Storage Business is expected to complete its self-owned energy storage integration and test production line in 2023[60] Shareholder Information - Shenzhen Zhonglian Financial Holding Investment Development Co., Ltd. holds 70,445,200 unlisted foreign shares, representing approximately 47.12% of the relevant class of shares and 19.60% of the total share capital[91] - Hainan Mujing Chengyuan Technology Partnership also holds 70,445,200 unlisted foreign shares, with the same percentages as Shenzhen Zhonglian[91] - Mr. Gong Changjiu has a beneficial interest in 70,445,200 unlisted foreign shares, equating to 47.12% of the relevant class and 19.60% of the total share capital[91] - Mr. Xu Dongsheng holds 70,445,200 unlisted foreign shares, representing 47.12% of the relevant class and 19.60% of the total share capital[93] - Beijing Youke Yu Technology Development Co., Ltd. owns 46,714,200 unlisted foreign shares, which is approximately 31.25% of the relevant class and 13.00% of the total share capital[93] - The Company has disclosed all significant shareholder interests as required under Section 336 of the SFO[97] Compliance and Governance - The company maintains compliance with the GEM Listing Rules regarding the interests of its Directors and Supervisors[3] - As of March 31, 2023, none of the Directors, Supervisors, or chief executives held any interests or short positions in the shares or debentures of the company[3] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the reporting period[8] - There are no competing interests reported by Directors or controlling shareholders as of March 31, 2023[3]

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，概不對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。 FY FINANCIAL (SHENZHEN) CO., LTD. 富銀融資租賃（深圳）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：8452） 截至二零二三年三月三十一日止三個月 未經審核第一季度業績公告 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。 第一季度業績 富銀融資租賃（深圳）股份有限公司（「本公司」）董事（「董事」，各自為一名「董事」）會 （「董事會」）欣然公佈本公司及其附屬公司截至二零二三年三月三十一日止三個月（「報告 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 29,502,000, a decrease of 31.5% compared to RMB 43,095,000 in 2021[18]. - The company reported a loss before income tax of RMB 38,753,000 for 2022, compared to a profit of RMB 20,236,000 in 2021[18]. - The net loss for the year was RMB 32,486,000, compared to a profit of RMB 14,931,000 in the previous year, indicating a significant decline in profitability[18]. - Basic loss per share for 2022 was RMB 8.18, compared to earnings of RMB 0.04 per share in 2021[18]. - The income tax credit for 2022 was RMB 6,268,000, compared to an expense of RMB 5,305,000 in 2021, reflecting a change in tax position[18]. - The Group's total revenue for 2022 was approximately RMB 29.50 million, reflecting a year-on-year decrease of 31.55%[36]. - The net loss for the Group in 2022 was approximately RMB 32.49 million, which is a significant increase in loss of 317.62% compared to the previous year[36]. - The Group recorded a gross profit of approximately RMB12.59 million, a decrease of approximately 63.36% compared to approximately RMB34.36 million for the same period last year[50]. - Other income and gains amounted to approximately RMB10.84 million, a decrease of approximately 33.42% from approximately RMB16.28 million for the same period last year, mainly due to a reduction in tax refunds and changes in fair value of financial assets[56]. - The cost of sales increased to approximately RMB16.91 million, an increase of approximately 93.48% from approximately RMB8.74 million in the same period last year, primarily due to increased sales costs in the energy storage business[55]. Business Strategy and Operations - The Group has diversified its business by exploring opportunities in the 5G base station leasing and energy storage sectors, aiming to enhance revenue streams and shareholder value[23]. - The Group's financial leasing business primarily focuses on providing services to SMEs across various industries, including FMCG, electronics, and medical sectors[33]. - The Group plans to reduce investment in finance leasing and continue identifying suitable business opportunities to diversify its revenue structure[27]. - The tightening of regulations in the finance leasing industry has significantly impacted the Group's operations, limiting its business expansion[21]. - The Group is diversifying its business by extending its financial leasing services to the 5G sector, focusing on marketing and team building[43]. - Jiangsu Anshi has completed the first-phase construction and production of its energy storage products, establishing a standardized commercial energy storage system[44]. - The Group aims to enhance its asset safety management and optimize its risk management system to ensure long-term stability and shareholder value[48]. - The Group's provision for impairment loss on accounts receivable was approximately RMB38.25 million, an increase of approximately 420.41% from RMB7.35 million in the same period last year[64]. Market Environment - The overall economic environment remains challenging, with GDP growth in China at 3% year-on-year, reaching RMB 121 trillion in 2022[31]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[118]. - Market expansion plans include entering three new international markets by the end of the next fiscal year[118]. Governance and Management - The company’s directors confirm that the information in the report is accurate and complete in all material aspects, ensuring transparency for investors[4]. - The company is focused on improving internal control and risk management systems, leveraging the expertise of its supervisory committee and management team[140]. - The management team includes individuals with diverse backgrounds in finance, accounting, and risk management, contributing to the company's strategic decision-making[141]. - The Company has complied with all code provisions of the Corporate Governance Code, except for deviation from code provision C.2.1[147]. - The Board consists of nine Directors, including three executive Directors, three non-executive Directors, and three independent non-executive Directors[153]. - The Company has established a complete system of internal procedures and information disclosure policy to ensure timely and accurate disclosure of relevant information[198]. - The Company aims to maintain at least two female representations on the Board and will consider appointing more female Directors in the future[200]. Employee and Remuneration Policies - Employee expenses amounted to RMB10.42 million, slightly down from RMB10.66 million in 2021, with an increase in the number of employees from 32 to 48[80]. - The Group's remuneration policy aims to reflect individual performance through a reasonable remuneration package, including basic salary and performance benefits[178]. - The Group has implemented employee performance appraisal mechanisms to adjust salaries annually based on performance, aiming to reduce talent loss[179]. - There were no share incentive schemes in place during the Reporting Period[181]. Compliance and Audit - The Audit Committee is composed of three independent non-executive Directors, overseeing the financial reporting process and internal control systems[160]. - The Audit Committee held four meetings during the Reporting Period to review financial results and significant issues related to financial reporting and compliance procedures[166]. - The Company paid HK$1,430,000 for audit services and HK$397,281 for non-audit services, totaling HK$1,827,281 in auditor's remuneration for the Reporting Period[193].

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，概不對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。 FY FINANCIAL (SHENZHEN) CO., LTD. 富銀融資租賃（深圳）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：8452） 截至二零二二年十二月三十一日止年度 年度業績公告 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。 年度業績 富銀融資租賃（深圳）股份有限公司（「本公司」）董事（「董事」，各自為一名「董事」）會 （「董事會」）欣然公佈本公司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十 一日止年度（「 ...

Economic Overview - The gross domestic product of China reached RMB 56 trillion, representing a year-on-year increase of 2.5%[15] - The national economy has stabilized and rebounded, with improved marginal demand for production and stabilized market prices[15] - The domestic GDP growth for the first half of 2022 was 2.5% year-on-year, indicating a marginal recovery in the economy[doc id='17'] SME Challenges and Support - SMEs are facing pressures from rising raw material costs and sporadic outbreaks of the epidemic, impacting their recovery[16] - The Group supports the rapid development of SMEs by providing financing support for the real economy[16] - The Group's financial and advisory business faced a decline in revenue due to increased operational risks for SMEs and a decrease in capital needs from potential customers[21] Financial Performance - The total revenue for the Group during the Reporting Period was approximately RMB 10.75 million, representing a year-on-year decrease of 61.04%[23] - The net profit recorded was approximately RMB 0.60 million, a year-on-year decrease of 94.75%[23] - The Group recorded a revenue of approximately RMB10.75 million, representing a decrease of approximately 61.04% from RMB27.59 million for the same period last year[47] - The Group's profit for the first half of 2022 was approximately RMB0.60 million, a decrease of approximately 94.75% from RMB11.42 million for the same period last year[47] - Gross profit for the period was RMB 9,533,377, compared to RMB 19,553,966 in the previous year, indicating a decrease of about 51.2%[176] - Profit before income tax for the period was RMB 1,466,661, down from RMB 15,240,077 in the prior year, reflecting a decline of approximately 90.4%[176] - Profit for the period attributable to owners of the Company was RMB 926,697, compared to RMB 11,424,663 in the same period of 2021, a decrease of around 91.9%[176] - Total comprehensive income for the period was RMB 40,047, significantly lower than RMB 11,424,663 in the previous year, indicating a decline of approximately 99.65%[176] Asset and Liability Management - As of June 30, 2022, the total assets of the Group were approximately RMB536.68 million, a decrease of approximately 2.98% from December 31, 2021[63] - The total liabilities of the Group were approximately RMB56.57 million, a decrease of approximately 27.07% from December 31, 2021[63] - The Group's net current assets were approximately RMB373.90 million, down from RMB393.05 million as of December 31, 2021[100] - The Group's total liabilities were approximately RMB56.57 million, a decrease of approximately 27.07% from December 31, 2021, with a gearing ratio of approximately 0.93%[66] Cash Flow Analysis - The Group's net cash generated from operating activities was approximately RMB73.99 million, a decrease of approximately 64.8% from RMB210.41 million in the same period last year[67] - The net cash generated from financing activities was approximately RMB2.87 million, compared to a net cash used of approximately RMB300.17 million in the previous year, indicating a significant reduction in net repayment of borrowings[67] - The net cash used in investing activities was approximately RMB46.67 million, a shift from a net cash generated of approximately RMB56.93 million in the same period last year, primarily due to increased purchasing of financial assets[67] Risk Management - The Group faces various risks including credit risk, liquidity risk, and operational risk, and has developed a tailored risk management system to mitigate these risks[74] - The risk management system is integrated into all organizational processes, supporting decision-making and prioritizing measures[84] - The Board conducted a review of the effectiveness of the risk management and internal control systems during the Reporting Period, ensuring they are effective and adequate in all material aspects[81] Employee and Operational Metrics - As of June 30, 2022, the Group had a total of 31 full-time employees, a decrease from 37 employees as of June 30, 2021[97] - Employee benefit expenses for the reporting period were approximately RMB0.51 million, representing a decrease of approximately 34.62% from RMB0.78 million for the same period last year[97] Investment Activities - A joint venture agreement was established on April 12, 2022, with a contribution of RMB13.20 million, accounting for 60% equity interest in Jiangsu Anshi[109] - The Group's investment strategy includes engaging in rapidly developing industries with broad market prospects to generate investment returns[111] - The total capital commitment to the Zhuhai Huihe Guangjing Chuangye Investment Fund is RMB 106.12 million, with FY Yunlian contributing RMB 30.00 million, representing approximately 28.27% of the total[116] Shareholder Information - Beijing Municipality Dayuan Tiandi Property Development Co., Ltd. holds 80,000,000 shares, representing approximately 66.67% of the domestic shares[138] - Shenzhen Zhonglian Financial holds 70,445,200 shares, representing approximately 47.12% of the unlisted foreign shares[140] - The proposed final dividend for the year ended December 31, 2021, is RMB0.013 per share, totaling RMB4,671,420, which was approved by shareholders[151] Compliance and Governance - The Group complied with all statutory social insurance and housing fund obligations applicable under PRC laws during the reporting period[97] - The company established a joint venture, Jiangsu Anshi, in China with an investment of RMB 13.20 million, holding a 60% equity stake[113] - The company did not recommend any interim dividend for the reporting period[153] Environmental and Sustainability Practices - The Group has not produced any hazardous waste during the Reporting Period and complies with relevant environmental protection laws[172] - The Group is committed to long-term sustainability and prudent management of its business operations[174]

Financial Performance - Revenue for the three months ended March 31, 2022, was RMB 6,549,196, a decrease of 49.5% compared to RMB 12,980,449 for the same period in 2021[9] - Gross profit for the same period was RMB 6,209,404, down 40.5% from RMB 10,491,412 in the previous year[9] - Profit before income tax was RMB 5,244,442, representing a decline of 46.5% from RMB 9,793,876 in Q1 2021[9] - Profit and total comprehensive income for the period was RMB 3,860,735, a decrease of 46.8% compared to RMB 7,262,177 in Q1 2021[9] - Basic earnings per share for Q1 2022 was RMB 1.11, down from RMB 2.02 in the same quarter of 2021, reflecting a decline of 45%[9] - Total revenue for the Group was RMB 6,549,196, a decline of 49.5% compared to RMB 12,980,449 in the same quarter of 2021[28] - The Group's profit for the period was approximately RMB 3.86 million, a decrease of approximately 46.83% from approximately RMB 7.26 million for the same period last year[78] Operating Expenses - Operating expenses increased to RMB 1,360,679, up 15.3% from RMB 1,179,800 in Q1 2021[9] - Administrative expenses decreased to RMB 3,516,700, down 16% from RMB 4,188,661 in the previous year[9] - Staff costs for the three months ended March 31, 2022, amounted to RMB 2,171,379, a decrease from RMB 3,009,734 in the same period of 2021, reflecting a reduction of approximately 27.8%[38] - Operating expenses increased to approximately RMB1.36 million, representing an increase of approximately 15.25% from approximately RMB1.18 million for the same period last year[85] Income and Gains - Other income and gains decreased to RMB 1,920,615, a decline of 25.3% from RMB 2,569,081 in Q1 2021[9] - Other income and gains were approximately RMB1.92 million, a decrease of approximately 25.29% from approximately RMB2.57 million for the same period last year[81] - Bank interest income rose to RMB 672,408, an increase of 8.5% from RMB 620,398 in 2021[28] - Maintenance service income increased to RMB 956,453, up 63.6% from RMB 584,906 in 2021[28] Taxation - Total income tax expense for the period was RMB 1,383,707, down from RMB 2,531,699 in the previous year, indicating a reduction of about 45.3%[44][45] - Current income tax for the period was RMB 885,757, down from RMB 2,006,238 in the previous year, representing a decrease of approximately 56.0%[44] - The Group's income tax expense was approximately RMB1.38 million, representing a decrease of approximately 45.45% from RMB2.53 million for the same period last year, primarily due to a decrease in profit before income tax[92] Strategic Focus and Business Development - The company continues to focus on finance leasing, factoring, and advisory services, with plans for market expansion and new product development in the medical equipment sector[10] - The Group has expanded into the operating lease business of 5G communication base stations to improve profitability and risk resistance[72] - A joint venture was established for research and development in commercial energy storage systems, which is expected to provide opportunities in the energy storage industry[72] - The Group's strategy has shifted from proactive business expansion to prudent management of risks and assets[78] Shareholder Information - As of March 31, 2022, Mr. Gong Liang held 80,000,000 domestic shares, representing 66.67% of the relevant class of shares[105] - Shenzhen Zhonglian Financial Holding Investment Development Co., Ltd. held 70,445,200 unlisted foreign shares, representing 47.12% of the relevant class of shares[109] - The total number of shares held by controlled corporations is significant, indicating concentrated ownership among major shareholders[115] - The company continues to attract substantial interest from institutional investors, as evidenced by the large shareholdings reported[137] Corporate Governance - The Group has complied with all code provisions of the Corporate Governance Code during the Reporting Period, ensuring high standards of corporate governance and transparency[95] - The audit committee reviewed the accounting principles and policies adopted by the Group and the unaudited condensed consolidated quarterly financial statements for the Reporting Period[97] - The Group's corporate governance practices are aligned with the GEM Listing Rules, ensuring compliance with required standards of dealings[99]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 15% year-over-year growth[5]. - The group's revenue for the reporting period was approximately RMB 431.0 million, a decrease of about 58.49% compared to approximately RMB 1,038.4 million in the same period last year[39]. - Gross profit recorded during the reporting period was approximately RMB 343.6 million, down about 50.33% from approximately RMB 691.7 million in the same period last year[40]. - The company reported a significant increase in revenue, with a total of 80 million shares issued, representing 22.26% of the total issued shares as of the report date[74]. - The company's revenue for the reporting period was approximately RMB 43.10 million, a decrease of about 58.49% from RMB 103.84 million in the previous year[65]. - The return on equity for the reporting period was approximately 3.14%[178]. User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching 500,000 users by the end of the fiscal year[5]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[5]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on enhancing technology and user experience[5]. Strategic Outlook and Planning - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[5]. - The board of directors has approved a new strategy focusing on sustainable practices, which is expected to reduce costs by 5% annually[5]. - The company plans to diversify its business by establishing a new company focused on communication equipment leasing with a registered capital of RMB 5 million, in which the company holds a 51% stake[21]. Risk Management and Operational Efficiency - The company aims to improve its operational efficiency by 15% through the implementation of new technologies and process optimizations[5]. - The company aims to enhance its risk management capabilities and improve asset quality through stricter customer screening and effective post-lease project supervision[19]. - The company has established a comprehensive risk management system to support sustainable business development and enhance overall value[195]. - The company emphasizes that risk management is an integral part of all organizational processes, including strategic planning and project management[138]. Financial Health and Liabilities - Total assets decreased from RMB 1,405,572 thousand in 2019 to RMB 553,156 thousand in 2021, representing a decline of approximately 60.7%[10]. - The total liabilities also decreased significantly from RMB 931,579 thousand in 2019 to RMB 77,569 thousand in 2021, a reduction of approximately 91.7%[10]. - The available distributable reserves for shareholders as of December 31, 2021, amounted to RMB 110.09 million[171]. Corporate Governance and Management - The company has a strong management team with extensive experience in finance and risk management, including the risk management director who has over seven years of experience in financial products and risk management[71]. - The company is committed to high-quality corporate governance and regularly reviews its practices to ensure compliance with the GEM listing rules[92]. - The board consists of nine directors, including three executive directors, three non-executive directors, and three independent non-executive directors as of December 31, 2021[95]. - The company has established a strong foundation in financial oversight with a team of experienced professionals in various financial sectors[79]. Shareholder Engagement and Dividends - The board proposed a final dividend of RMB 0.013 per share for the reporting period, reflecting the company's commitment to rewarding shareholders[23]. - The company allows shareholders holding 3% or more of the total shares to propose agenda items for shareholder meetings[148]. - The annual general meeting is scheduled for May 25, 2022, to facilitate effective communication with shareholders[155]. Research and Development - Research and development expenses increased by 30%, reflecting the company's commitment to innovation and technology advancement[5]. - The company is exploring new technologies and products to enhance its service offerings in the finance and medical sectors[73]. Acquisitions and Investments - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase market penetration[5]. - The company acquired a 7.55% stake in Shanghai Kuaiyi Ming Shang for RMB 15,534,858.24 on May 10, 2021[57]. - The company invested RMB 30,000,000 in the Zhuhai Huihe Guangjing Venture Capital Fund, representing approximately 28.27% of the fund's total capital commitment of RMB 106,120,000[58].

Financial Performance - For the nine months ended September 30, 2021, the company's revenue was RMB 35,180,120, a decrease of 60.4% compared to RMB 88,913,633 in the same period of 2020[12]. - Gross profit for the same period was RMB 26,813,141, down 54.2% from RMB 58,416,515 in 2020[12]. - Profit before income tax for the nine months was RMB 18,093,316, a decrease of 14.4% compared to RMB 21,181,103 in the previous year[12]. - The company's earnings per share (basic) for the nine months was RMB 3.7 cents, down from RMB 4.3 cents in 2020, representing a decline of 13.9%[12]. - Total revenue for the nine months ended September 30, 2021, was RMB 35,180,120, a decline of 60.4% compared to RMB 88,913,633 in the previous year[34]. - For the nine months ended September 30, 2021, the profit attributable to equity owners of the Company was approximately RMB 13.32 million, a decrease of about 14.06% from RMB 15.50 million for the same period in 2020[71]. Costs and Expenses - Direct costs for the nine months were RMB 8,366,979, a decrease of 72.5% from RMB 30,497,118 in the same period of 2020[12]. - Operating expenses for the nine months were RMB 5,053,338, down 50.6% from RMB 10,233,165 in 2020[12]. - The Group's direct costs decreased to approximately RMB 8.37 million, down 72.56% from RMB 30.50 million in the same period last year, primarily due to reduced bank borrowings[73][75]. - Operating expenses amounted to approximately RMB 5.05 million, a decrease of 50.64% from RMB 10.23 million in the same period last year, attributed to a reduction in sales personnel[80]. - Administrative expenses were approximately RMB 12.18 million, down 50.63% from RMB 24.67 million for the same period last year, mainly due to decreased salaries and benefits from reduced administrative staff[81]. Income and Gains - Other income, gains, and losses for the nine months increased to RMB 12,346,642, compared to RMB 3,984,298 in the same period of 2020[12]. - The group recorded a total of RMB 3,275,420 in other income, gains, and losses for the three months ended September 30, 2021, compared to RMB 1,724,412 in 2020[34]. - Other income, gains, and losses increased to approximately RMB 12.35 million, representing a 210.30% increase from RMB 3.98 million for the same period last year, mainly due to higher VAT refunds and the absence of fair value losses on derivatives[74][76]. Taxation - The income tax expense for the nine months ended September 30, 2021, was RMB 4,770,612,000, down from RMB 5,678,168,000 in 2020, indicating a reduction of about 15.9%[48]. - Current period income tax for the three months ended September 30, 2021, was RMB 1,476,504,000, compared to RMB 1,821,063,000 in 2020, reflecting a decrease of approximately 18.9%[48]. - Income tax expense was approximately RMB 4.77 million, down 16.02% from RMB 5.68 million for the same period last year, primarily due to a decrease in profit before income tax[81]. Corporate Governance - The company confirmed that the information in the report is accurate and complete in all material aspects, with no misleading or deceptive statements[4]. - The Group has complied with all code provisions of the Corporate Governance Code during the Reporting Period, ensuring high standards of corporate governance[83][84]. - The audit committee reviewed the accounting principles and policies adopted by the Group for the Reporting Period, ensuring transparency and compliance[85][86]. - The company continues to focus on corporate governance and compliance with GEM Listing Rules[119]. Shareholder Information - As of September 30, 2021, major shareholders included Beijing Municipality Dayuan Tiandi Property Development Co., Ltd. with a 66.67% interest in domestic shares[93]. - The weighted average number of ordinary shares for calculating basic earnings per share remained constant at 359,340,000 for both 2021 and 2020[63]. - As of September 30, 2021, the company issued a total of 359,340,000 shares, including 120,000,000 domestic shares, 89,840,000 H shares, and 149,500,000 unlisted foreign shares[99]. - The company did not recommend any dividend for the reporting period, consistent with the previous year[104]. Strategic Direction - The Group's strategy has shifted from aggressive business expansion to prudent risk management, leading to a decrease in revenue from finance leasing and factoring business[71]. - The Group aims to strengthen asset management and risk monitoring of key customers to ensure asset security[67]. - The Group plans to seek in-depth cooperation with high-quality customers while maximizing shareholders' interests[67]. - The Group will consider investment and mergers and acquisitions based on its main business to pursue diversified business development[67]. Changes in Management - Changes in the Board included the re-election of Mr. Li Peng and Mr. Weng Jianxing as executive Directors, and the election of Ms. Gong Xiaoting as a new executive Director[112]. - Ms. Wang Ying resigned from her position as head of the finance department and was replaced by Ms. Gong Xiaoting as CFO[114]. - Ms. Tong Fangyan was appointed as a non-executive Director during the extraordinary general meeting held on October 8, 2021[115]. - The company has undergone changes in its Supervisory Committee, with Mr. Zhu Xiaodong re-elected and Mr. Sun Luran newly elected as Supervisors[113].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[1]. - For the six months ended June 30, 2021, the company reported revenue of RMB27,589,959, a decrease from RMB69,248,865 in the same period of 2020[187]. - Gross profit for the same period was RMB19,553,966, down from RMB42,524,585 in 2020[187]. - Profit before income tax for the six months ended June 30, 2021, was RMB15,240,077, compared to RMB17,453,195 in 2020[187]. - The profit attributable to equity owners of the company for the period was RMB11,424,663, a decrease from RMB12,942,205 in the previous year[187]. - Basic and diluted earnings per share for the reporting period were both RMB3.18, down from RMB3.60 in 2020[187]. - The Group recorded a revenue of approximately RMB27.59 million, representing a decrease of approximately 60.16% from RMB69.25 million in the same period last year[42]. - The Group's profit for the first half of 2021 was approximately RMB11.42 million, a decrease of approximately 11.75% from RMB12.94 million in the same period last year[42]. User Growth and Market Expansion - User data showed a 20% increase in active users, reaching 500,000 by the end of the reporting period[1]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the next fiscal year[1]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on enhancing technology features[1]. - The company aims to diversify its product offerings, with plans to introduce three new financial products in the next quarter[1]. Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[1]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase market penetration[1]. - Research and development expenses increased by 30%, totaling 150 million RMB, to support innovation initiatives[1]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the upcoming year[1]. Risk Management - The Group is enhancing its risk management and control capabilities rather than merely expanding business scale to increase revenue and market share[19]. - The regulatory environment for finance leasing enterprises is becoming increasingly stringent, which is expected to help prevent financial risks and promote healthy industry development[14]. - The Group's strategy includes strengthening risk prevention and control capabilities, particularly in providing receivable financing services for small, medium, and micro enterprises[22]. - The Group emphasizes comprehensive risk control at various business stages, including pre-lease, lease-in, and post-lease management[19]. - Risk management supports decision-making by helping prioritize measures and identify action directions[84]. Financial Position and Assets - The Group's total assets as of June 30, 2021, amounted to approximately RMB597.18 million, representing a decrease of approximately 34.67% from December 31, 2020[58]. - Accounts receivable as of June 30, 2021, were approximately RMB445.11 million, accounting for approximately 74.54% of total assets[58]. - The Group's total liabilities as of June 30, 2021, were approximately RMB127.57 million, a decrease of approximately 71.95% from December 31, 2020[59]. - The gearing ratio as of June 30, 2021, was about 5.00%, down from approximately 71.06% as of December 31, 2020[59]. - The Group's cash and cash equivalents decreased to approximately RMB109.19 million as of June 30, 2021, down from RMB142.02 million as of December 31, 2020, reflecting a decline of about 23%[99][102]. Corporate Governance - The Board consists of nine Directors, including three executive Directors, three non-executive Directors, and three independent non-executive Directors as of June 30, 2021[121]. - The Company has established three Board committees: the Audit Committee, the Nomination Committee, and the Remuneration Committee[127]. - The Group has complied with all code provisions of the Corporate Governance Code during the Reporting Period[121]. - The Company is committed to maintaining a high level of transparency in its corporate governance practices[121]. Shareholder Information - As of June 30, 2021, the Company had issued a total of 359,340,000 shares, including 120,000,000 domestic shares and 89,840,000 H shares[1]. - The company has a significant concentration of ownership, with several shareholders holding over 31% of their respective classes of shares[154]. - Shanshan Group holds approximately 32.69% of the registered share capital of Shanshan[4]. - On June 16, 2021, Shanshan HK agreed to sell a total of 70,445,200 unlisted foreign shares of the Company to Shenzhen Zhonglian, with completion on July 22, 2021[11].