FY FINANCIAL(08452)

Search documents
富银融资股份(08452) - 股东特别大会通告
2025-08-15 14:54
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通告之內容概不負 責,對其準確性或完整性亦不發表任何聲明,並明確表示,概不就因本通告全部 或任何部分內容所產生或因依賴該等內容而引致之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) 主 席 李鵬先生 「動 議(誠 如 本 公 司 向 其 股 東 出 具 日 期 為 二 零 二 五 年 八 月 十 五 日 的 通 函(「通 函」)所 載): (a) 批 准、確 認 及 追 認 本 公 司(作 為 保 理 商)與 北 京 市 龍 鼎 華 源 房 地 產 開 發 有 限 責 任 公 司(「龍鼎華源」)(作 為 賣 方)訂 立 日 期 為 二 零 二 五 年 七 月 十 一 日 的 有 追 索 權商業保理協議(「保理協議」)(據此,本公司同意為龍鼎華源提供應收賬款保 理 服 務,自 生 效 日 期(定 義 見 通 函)起 計 為 期 兩 年,實 際 保 理 本 金 額 為 人 民 幣 22,900 ...
富银融资股份(08452) - 有关保理协议的须予披露及关连交易及股东特别大会通告
2025-08-15 14:52
此乃重要通函 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問,應諮詢股票經紀、持牌證券交易商 或其他註冊證券機構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已 將 名 下 所 有 富 銀 融 資 租 賃(深 圳)股 份 有 限 公 司 的 股 份 出售或轉讓,應立即將本通 函連同隨附代表委任表格交予買主或承讓人或經手買賣或轉讓的銀行、股票經紀、持牌證 券交易商、註冊證券機構或其他代理商,以便轉交買主或承讓人。 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通函的內容概不負責,對其準 確性或完整性亦不發表任何聲明,並明確表示,概不就本通函全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 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) 有關保理協議的須予披露及關連交易 及 股東特別大會通告 獨立董事委員會及獨立股東的 獨立財務顧問 除 非 文 義 另 有 所 指,否 則 封 面 頁 所 用 詞 彙 與 本 通 函「釋 義 ...
富银融资股份(08452) - 致非登记股东之通知信函 - 以电子方式发佈企业通讯之最新安排及申请表...
2025-08-12 08:52
FY FINANCIAL (SHENZHEN) CO., LTD. 富 銀 融 資 租 賃( 深 圳 )股 份 有 限 公 司 (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) (Stock Code股份代號:8452) NOTIFICATION LETTER 通知信函 12 August 2025 Dear Non-registered Holder(s) (Note 1) , FY Financial (Shenzhen) Co., Ltd. (the "Company") – Updated arrangements on electronic dissemination of Corporate Communications The Company hereby, with effect from the date hereof, implements the following updated arrangements ...
富银融资股份(08452) - 致登记股东之通知信函 - 以电子方式发佈企业通讯之最新安排及回条
2025-08-12 08:50
FY FINANCIAL (SHENZHEN) CO., LTD. 富 銀 融 資 租 賃( 深 圳 )股 份 有 限 公 司 (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) (Stock Code股份代號:8452) NOTIFICATION LETTER 通知信函 12 August 2025 Dear Registered Shareholders, FY Financial (Shenzhen) Co., Ltd. (the "Company") – Updated arrangements on electronic dissemination of Corporate Communications The Company hereby, with effect from the date hereof, implements the following updated arrangements on electron ...
富银融资股份(08452) - 延迟寄发通函
2025-08-01 08:37
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。 鑒於本公司需要額外時間擬備及落實該通函將予載列的若干資料,預期該通函將延遲至 二零二五年八月十五日或之前寄發。 承董事會命 富銀融資租賃(深圳)股份有限公司 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) 延遲寄發通函 茲提述富銀融資租賃(深圳)股份有限公司(「本公司」)日期為二零二五年七月十一日的公 告(「該公告」),內容有關(其中包括)與保理協議有關的須予披露及關連交易。除文義另 有所指外,本公告所用詞彙與該公告所界定者具有相同涵義。 正如該公告所披露,一份載有(其中包括)保理協議的進一步詳情、獨立董事委員會及獨 立財務顧問函件、召開股東特別大會通告及GEM上市規則規定的其他資料的通函將於二 零二五年八月一日或之前寄發予股東。 獨立非執行董事: 劉升文先生 韓亮先生 佟強先生 主 ...
富银融资股份(08452.HK)8月1日收盘上涨7.69%,成交1.01万港元
Jin Rong Jie· 2025-08-01 08:32
Company Overview - 富银融资股份主要从事融资租赁、保理、咨询服务及客户转介服务,专注于为中小型企业提供设备融资租赁及其他金融服务 [3] - 公司在中国拥有四家全资附属公司,分别为杉杉富银商业保理有限公司、北京杉杉医疗科技发展有限公司、天津富银融资租赁有限公司及珠海富银云联投资管理有限公司 [3] Financial Performance - 截至2024年12月31日,富银融资股份实现营业总收入1.33亿元,同比增长133.17% [2] - 归母净利润为-687.3万元,同比减少244.82% [2] - 毛利率为33.72%,资产负债率为20.68% [2] Market Performance - 最近一个月,富银融资股份累计涨幅为35.42%,但今年以来累计跌幅为16.67%,跑输恒生指数23.5%的涨幅 [2] - 截至8月1日,富银融资股份收报0.35港元/股,上涨7.69%,成交量为2.6万股,成交额为1.01万港元,振幅为12.31% [1] Valuation Comparison - 富银融资股份市盈率为-15.74倍,行业排名第105位 [2] - 其他金融行业市盈率(TTM)平均值为15.67倍,行业中值为-0.28倍 [2] - 其他相关公司的市盈率包括:招商局中国基金为2.58倍、维信金科为3.23倍、香港信贷为3.69倍、国银金租为4.37倍、海通恒信为4.7倍 [2]
富银融资股份(08452) - 截至二零二五年七月三十一日止月份之股份发行人的证券变动月报表
2025-08-01 02:16
FF301 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08452 | 說明 | H 股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 89,840,000 | RMB | | 1 RMB | | 89,840,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 89,840,000 | RMB | | 1 RMB | | 89,840,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | ...
富银融资股份(08452) - 2024 - 年度财报
2025-04-15 09:10
Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 133,066,000, a significant increase from RMB 57,069,000 in 2023, representing a growth of 133%[7] - The company reported a loss before tax of RMB (8,169,000) for 2024, compared to a profit of RMB 4,081,000 in 2023[7] - Total assets as of December 31, 2024, amounted to RMB 557,536,000, up from RMB 486,549,000 in 2023, indicating a growth of 14.6%[8] - The total liabilities increased to RMB 115,285,000 in 2024 from RMB 35,743,000 in 2023, reflecting a rise of 222%[8] - The total equity attributable to the company's equity holders was RMB 436,972,000 as of December 31, 2024, slightly down from RMB 443,845,000 in 2023[8] - The company's revenue for the reporting period was approximately RMB 133.07 million, an increase of about 133.17% compared to RMB 57.07 million in the same period last year[18] - Gross profit for the reporting period was approximately RMB 44.87 million, representing an increase of about 158.61% from RMB 17.35 million year-on-year[19] - Sales costs amounted to approximately RMB 88.20 million, up about 122.05% from RMB 39.72 million in the previous year[20] - Other income and gains decreased to approximately RMB 5.11 million, down about 53.04% from RMB 10.88 million year-on-year[21] - Operating expenses for the reporting period were approximately RMB 16.93 million, an increase of about 80.79% from RMB 9.36 million in the previous year[22] - Administrative expenses rose to approximately RMB 27.01 million, an increase of about 14.96% from RMB 23.49 million year-on-year[23] - The company recorded a net cash outflow from operating activities of RMB 32.25 million for the year ended December 31, 2024, compared to RMB 94.74 million in the previous year[45] Business Operations - The company sold 123 5G base stations to Zhejiang Xinzhan Communication Technology Co., Ltd. on May 16, 2024, to optimize resource allocation and improve operational efficiency[9] - The factoring business showed stable growth in both business volume and revenue during the reporting period[14] - The overall development of the energy storage business improved compared to the previous year, achieving profitability amid increased competition[14] - The company launched six new Bluetooth speaker products in its cross-border e-commerce business, bringing the total to nine products priced between USD 30 and 200[16] - The company has established a complete sales and logistics channel for its cross-border e-commerce business, primarily using the Amazon platform[16] - The company plans to further develop its energy storage business to expand its revenue base and ensure long-term stable growth[17] Risk Management - The company emphasizes prudent financial management strategies to safeguard capital and enhance risk management measures[14] - The main credit risks for the company arise from financing lease receivables and factoring receivables[32] - The company provides financing lease services, including new direct leases and sale-leaseback transactions, with additional collateral or guarantees required to mitigate credit risks[33] - The company has implemented a comprehensive credit risk management system, including due diligence and risk assessment processes for financing and factoring projects[35] - The total credit loss provisions for financing leases and factoring receivables were RMB 34.45 million, with specific provisions of RMB 8.97 million for financing leases and RMB 18.42 million for factoring receivables[41] - The company has established a dedicated internal audit department to analyze and evaluate its risk management and internal control systems[112] - The company has implemented a comprehensive risk management system to address various risks, including credit, liquidity, interest rate, operational, and legal compliance risks[152] Corporate Governance - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors as of December 31, 2024[85] - The audit committee held two meetings during the reporting period to review the interim financial results for the six months ending June 30, 2024, and the annual financial results for the year ending December 31, 2023[90] - The remuneration committee conducted one meeting during the reporting period to review the remuneration of directors and senior management, as well as the company's remuneration policy[93] - The company is committed to maintaining high standards of business ethics and corporate governance, with training provided to employees on necessary standards[1] - The board consists of at least three independent non-executive directors, ensuring a high level of independence and effective judgment[107] - The company has established a code of conduct for securities trading by directors and supervisors, ensuring compliance throughout the reporting period[98] - The board is collectively responsible for the preparation of the company's financial statements during the reporting period[100] - The company has not implemented any equity incentive plans during the reporting period[95] Shareholder Information - The board does not recommend the payment of a final dividend for the year ending December 31, 2024[67] - The company has maintained sufficient public float as per GEM Listing Rule 11.23 during the reporting period[136] - Shareholders holding 3% or more of the company's shares have the right to propose items for discussion at the general meeting[117] - The board does not recommend the distribution of a final dividend for the year ending December 31, 2024, consistent with the previous year[133] Sustainability and ESG - The company aims for long-term, stable, and sustainable growth while considering environmental, social, and governance factors in its business development and management strategies[2] - The company conducts annual materiality assessments to understand stakeholder expectations and concerns regarding ESG issues, enhancing decision-making and impact management[185] - The company has established a robust internal control system and ESG risk management measures to continuously improve stakeholder investment value[184] - The group aims to reduce greenhouse gas emissions, resource consumption, and waste generation as part of its environmental responsibility[200] - The group identified and confirmed 22 key environmental, social, and governance issues, including greenhouse gas emissions, employee welfare, and supply chain management[195] Investments - The investment in Shanghai Kuaiyiming Business Cloud Technology Co., Ltd. amounts to RMB 50,000,000 with a 20.81% shareholding, contributing a loss of RMB 5,046,000[61] - The investment in Zhuhai Huihe Guangjing Venture Capital Fund totals RMB 24,000,000, with a fair value of RMB 19,817,000 and a loss of RMB 1,565,000[62] - The investment in Beijing Shuncheng Health Investment Enterprise amounts to RMB 30,000,000, with a fair value of RMB 22,202,000 and a loss of RMB 2,303,000[62] - The company has no specific plans for major investments or capital assets as of December 31, 2024[64] Employee Information - The employee count decreased to 70 as of December 31, 2024, with employee expenses amounting to RMB 19.12 million, up from RMB 13.81 million in 2023[48] - The company emphasizes employee development, workplace safety, and sustainability to attract and retain top talent[2] - The company has implemented a performance assessment mechanism for employees to adjust compensation based on individual performance[94]
富银融资股份(08452) - 2024 - 年度业绩
2025-03-31 13:46
Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of RMB 133,066,000, a significant increase of 133% compared to RMB 57,069,000 in 2023[11] - The company recorded a loss before tax of RMB 8,169,000, compared to a profit of RMB 4,081,000 in the previous year[11] - The net loss for the year was RMB 8,675,000, compared to a profit of RMB 629,000 in 2023[11] - The company's earnings per share for 2024 was a loss of RMB 0.02, compared to a profit of RMB 0.01 in the previous year[11] - Gross profit for the reporting period was approximately RMB 44.87 million, representing an increase of about 158.61% from RMB 17.35 million year-on-year[23] - Sales costs amounted to approximately RMB 88.20 million, up about 122.05% from RMB 39.72 million in the previous year[24] - Other income and gains decreased by approximately 53.04% to RMB 5.11 million from RMB 10.88 million in the previous year[25] - Operating expenses increased by approximately 80.79% to RMB 16.93 million, primarily due to promotional and logistics costs associated with the cross-border e-commerce business[26] - The company recorded a net cash outflow from operating activities of RMB 32.25 million for the year ended December 31, 2024, compared to RMB 94.74 million in the previous year[49] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 557,536,000, up from RMB 486,549,000 in 2023, representing a growth of 14.6%[12] - Total liabilities increased to RMB 115,285,000 from RMB 35,743,000 in 2023, indicating a rise of 222%[12] - Total equity as of December 31, 2024, was RMB 442,251,000, slightly down from RMB 450,806,000 in 2023[12] - As of December 31, 2024, the total current assets were approximately RMB 410.06 million, with a current ratio of approximately 3.67 and a debt-to-asset ratio of approximately 20.68%[50] Business Operations - The company sold 123 5G base stations to Zhejiang Xinzhan Communication Technology Co., Ltd. on May 16, 2024, to optimize resource allocation and improve operational efficiency[13] - The company achieved a significant breakthrough in its energy storage business, which turned profitable during the reporting period[18] - The energy storage product line has been diversified, with offerings ranging from 2MWh to 5MWh to meet different customer needs[19] - The cross-border e-commerce business launched six new Bluetooth speaker products, bringing the total to nine products priced between $30 and $200[20] Risk Management - The company emphasizes prudent financial management strategies to enhance risk management and safeguard capital[13] - The group employs a comprehensive credit risk management system, including due diligence and project approval processes, to mitigate risks associated with financing leases and factoring[39] - The company plans to continue its risk management procedures, including the potential transfer of non-performing assets to third parties[40] - The company has adopted a whistleblowing policy to promote compliance and ethical behavior, with no significant fraud or misconduct reported affecting financial statements[118] Corporate Governance - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors as of December 31, 2024[89] - The audit committee held two meetings during the reporting period to review the interim financial results for the six months ending June 30, 2024, and the annual financial results for the year ending December 31, 2023[94] - The company is committed to maintaining high standards of business ethics and corporate governance, with training provided to employees on necessary ethical standards[1] - The board consists of at least three independent non-executive directors, ensuring a high level of independence and effective judgment[113] Shareholder Information - The board does not recommend the payment of a final dividend for the year ending December 31, 2024[71] - As of December 31, 2024, the distributable reserves available for shareholders amounted to RMB 773.8 million[134] - Shareholders holding 3% or more of the company's shares have the right to propose items for discussion at shareholder meetings[121] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the group's overall performance in ESG matters for the period from January 1, 2024, to December 31, 2024[187] - The group conducts annual materiality assessments to understand stakeholder expectations and concerns regarding ESG matters[189] - The report highlights the group's commitment to sustainable development and outlines key performance indicators for environmental and social aspects[191] - The group has identified and confirmed 22 key issues related to environmental, social, and governance (ESG) factors, including employee welfare and supply chain management[199] Employee and Management - The employee count decreased to 70 as of December 31, 2024, with employee expenses amounting to RMB 19.12 million, up from RMB 13.81 million in 2023[52] - The company emphasizes competitive employee compensation and benefits as a priority for employee satisfaction[198] - The company has established a performance evaluation mechanism for employees to adjust compensation based on individual performance, aiming to reduce talent turnover[1]
富银融资股份(08452) - 2024 - 中期财报
2024-09-12 08:36
[Management Discussion and Analysis](index=6&type=section&id=Management%20Discussion%20and%20Analysis) [Business Overview](index=6&type=section&id=1.%20Business) In the first half of 2024, the Group's total revenue slightly decreased by 1.69% year-over-year to RMB 25.20 million, turning from profit to a net loss of RMB 2.97 million amidst a complex macroeconomic environment, as core finance lease and factoring businesses adopted a cautious strategy, energy storage business slowed due to intense market competition, and a new cross-border e-commerce business focusing on portable energy storage power supplies and Bluetooth speakers for overseas sales was launched with optimism for its prospects [Business Review](index=6&type=section&id=1.1%20Business%20Review) The Group's total revenue decreased by 1.69% to RMB 25.20 million, turning to a net loss of RMB 2.97 million, as core finance and factoring businesses remained cautious, energy storage slowed, and a new cross-border e-commerce venture commenced 2024 H1 Key Financial Indicators | Indicator | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | Year-over-year Change | | :--- | :--- | :--- | :--- | | Total Revenue | Approx. RMB 25.20 million | Approx. RMB 25.63 million | -1.69% | | Net Profit/Loss | Net Loss Approx. RMB 2.97 million | Net Profit Approx. RMB 0.11 million | Turned from Profit to Loss | - The Group's diversified businesses include finance lease, factoring, consulting, medical equipment supply, energy storage, and a newly launched cross-border e-commerce business. The cross-border e-commerce business is primarily conducted through Shenzhen Anshi Energy Technology Co., Ltd., a **60% owned non-wholly owned subsidiary**[6](index=6&type=chunk) - The energy storage business segment faces significant market competition due to declining lithium carbonate prices and reduced costs, leading to a slowdown in project acceptance and operation. The company aims to reduce costs and increase efficiency by improving its supply chain, enhancing quality systems, and strengthening internal management[6](index=6&type=chunk) - The newly launched cross-border e-commerce business focuses on portable energy storage power supplies and Bluetooth speakers, having established five proprietary brands like ANCOON and BROTATOBOT in the US and Europe, selling through multiple e-commerce platforms including Amazon and Walmart[6](index=6&type=chunk)[7](index=7&type=chunk) [Business Outlook](index=7&type=section&id=1.2%20Business%20Outlook) Looking ahead, the Group maintains a cautiously optimistic view on its long-term prospects amidst complex international economic conditions, continuing to adopt a prudent financial management strategy, focusing on cost reduction and efficiency improvement, and further developing its cross-border e-commerce business to expand its revenue base for long-term stable development - The Group's future strategic core is: - Adopt a prudent financial management strategy - Continuously promote cost reduction and efficiency improvement, optimize the supply chain, and drive product upgrades and iterations - Further develop the cross-border e-commerce business to expand the revenue base[8](index=8&type=chunk) [Financial Review](index=7&type=section&id=2.%20Financial%20Review) The Group's revenue slightly decreased by 1.69% to RMB 25.20 million, leading to a net loss of RMB 2.97 million, primarily due to reduced energy storage revenue and a significant 46.97% increase in administrative expenses despite a 21.83% decrease in cost of sales 2024 H1 Financial Performance Summary | Item | 2024 H1 (RMB Million) | 2023 H1 (RMB Million) | Year-over-year Change | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Revenue | 25.20 | 25.63 | -1.69% | Decrease in energy storage business revenue | | Net Profit/Loss | (2.97) | 0.11 | Turned from Profit to Loss | - | | Cost of Sales | 12.52 | 16.02 | -21.83% | Decrease in energy storage business cost of sales | | Other Income and Gains | 2.59 | 3.43 | -24.59% | Decrease in bank interest income | | Operating Expenses | 2.63 | 2.24 | +17.22% | Increase in payroll due to more sales personnel | | Administrative Expenses | 13.74 | 9.35 | +46.97% | Increase in payroll due to more management personnel for energy storage and cross-border e-commerce businesses | | Impairment Provision for Accounts Receivable | 1.37 | 1.23 | +11.38% | - | | Income Tax Expense | 1.11 | 1.87 | -40.61% | Prior period included supplementary income tax payment | [Financial Position Analysis](index=9&type=section&id=3.%20Financial%20Position%20Analysis) As of June 30, 2024, the Group's total assets remained stable at RMB 486 million, while total liabilities increased by 6.92% to RMB 38.22 million, slightly raising the debt-to-equity ratio to 8.53%, with accounts receivable comprising 46.99% of total assets Financial Position Summary | Indicator | June 30, 2024 | December 31, 2023 | Change | | :--- | :--- | :--- | :--- | | Total Assets | Approx. RMB 486.05 million | Approx. RMB 486.55 million | -0.10% | | Total Liabilities | Approx. RMB 38.22 million | Approx. RMB 35.75 million | +6.92% | | Debt-to-Equity Ratio | 8.53% | 7.93% | +0.60 ppt | | Accounts Receivable | Approx. RMB 228.39 million | - | 46.99% of Total Assets | [Cash Flow Analysis](index=9&type=section&id=4.%20Cash%20Flow%20Analysis) Net cash used in operating activities significantly decreased to RMB 21.30 million, while financing activities turned to a net inflow of RMB 4.23 million, and investing activities remained stable at a net outflow of RMB 7.26 million Cash Flow Statement Summary | Cash Flow Item | Six Months Ended June 30, 2024 (RMB Million) | Six Months Ended June 30, 2023 (RMB Million) | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (21.30) | (70.02) | | Net Cash Used in Investing Activities | (7.26) | (7.55) | | Net Cash From (Used in) Financing Activities | 4.23 | (1.54) | [Risk Management and Internal Control](index=9&type=section&id=7.%20Risk%20Management%20and%20Internal%20Control) The Group maintains a comprehensive risk management and internal control system covering various financial and operational risks, which the Board has reviewed and deemed effective and adequate during the reporting period - The Group has an internal audit department that regularly evaluates risk management and internal control systems, reporting to the Audit Committee and the Board. The Board considers the system design and operation effective[21](index=21&type=chunk) - Each department conducts regular internal control assessments to identify potential risks, with assessment results and recommended measures submitted to senior management for approval and oversight[21](index=21&type=chunk) [Human Resources](index=10&type=section&id=8.%20Human%20Resources) As of June 30, 2024, the Group's full-time employee count increased from 63 to 86, leading to a 37.10% year-over-year rise in employee benefit expenses to RMB 0.94 million - The number of full-time employees increased from **63** as of June 30, 2023, to **86** as of June 30, 2024[22](index=22&type=chunk) - During the reporting period, employee benefit expenses were approximately **RMB 0.94 million**, representing a year-over-year increase of approximately **37.10%**[22](index=22&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=11&type=section&id=11.%20Liquidity%20Financial%20Resources%20and%20Capital%20Structure) As of June 30, 2024, the Group reported net current assets of RMB 294.27 million and cash and cash equivalents of RMB 37.93 million, with RMB 10 million in bank borrowings due within one year Liquidity Indicators | Indicator | June 30, 2024 (RMB Million) | December 31, 2023 (RMB Million) | | :--- | :--- | :--- | | Net Current Assets | 294.27 | 297.93 | | Cash and Cash Equivalents | 37.93 | 62.26 | | Bank Borrowings Due within One Year | 10.00 | 5.00 | [Significant Acquisitions or Disposals and Material Investments](index=11&type=section&id=13.%20Significant%20Acquisitions%20or%20Disposals%20and%20Material%20Investments) The Group's subsidiaries agreed to sell 123 base stations for RMB 10.16 million, while also disclosing three material investments exceeding 5% of total assets, including an associate investment and two venture capital fund investments - On May 16, 2024, subsidiaries Huixin Zhida and Guangdong Yideng agreed to sell a total of **123 base stations** to Zhejiang Xinzhan for a total consideration of approximately **RMB 10.16 million** (RMB 1.41 million + RMB 8.75 million)[27](index=27&type=chunk) Material Investment Details (Exceeding 5% of Total Assets) | Investment Name | Investment Type | Approximate Percentage of Total Assets | Carrying Amount as of June 30, 2024 (RMB Thousand) | | :--- | :--- | :--- | :--- | | Shanghai Kuaiyi Mingshang Cloud Technology Co., Ltd. | Investment in Associates | 10.29% | 51,600 | | Zhuhai Huihe Guangjing Venture Capital Fund | Financial Assets at Fair Value Through Profit or Loss | 6.17% | 23,968 | | Beijing Shuncheng Health Investment Enterprise | Financial Assets at Fair Value Through Profit or Loss | 6.17% | 21,835 | [Other Information](index=12&type=section&id=Other%20Information) [Disclosure of Interests](index=14&type=section&id=Disclosure%20of%20Interests) This section discloses the major shareholders with significant interests in the Company's shares as of June 30, 2024, including Beijing Dayuan Tiandi Real Estate Development Co., Ltd. and Shenzhen Zhonglian Jinkong Investment Development Co., Ltd., holding various types of shares - Major shareholders include Beijing Dayuan Tiandi Real Estate Development Co., Ltd. (holding **22.26%** of total share capital), Shenzhen Zhonglian Jinkong Investment Development Co., Ltd. (holding a combined **20.99%** of total share capital), and Beijing Youke Yu Technology Development Co., Ltd. (holding **13.00%** of total share capital)[35](index=35&type=chunk)[37](index=37&type=chunk) [Dividends](index=16&type=section&id=Dividends) The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2024 - The Board does not recommend the payment of any interim dividend for the reporting period[40](index=40&type=chunk) [Corporate Governance](index=17&type=section&id=Corporate%20Governance) The Company maintains high corporate governance standards, complying with GEM Listing Rules' code provisions, with the only deviation being the combined roles of Chairman and General Manager, which the Board believes enhances business strategy execution and efficiency - The Company complied with the Corporate Governance Code, but exists one deviation: the positions of Chairman and General Manager (equivalent to CEO) are not separated, both held by Mr. Li Peng[48](index=48&type=chunk) - The Board believes that combining the roles of Chairman and General Manager facilitates the execution of business strategies and operational efficiency, and the presence of three independent non-executive directors on the Board ensures a balance of power[48](index=48&type=chunk) [Condensed Consolidated Interim Financial Statements](index=16&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=18&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2024, the Group's revenue decreased by 1.69% to RMB 25.20 million, resulting in a net loss of RMB 2.973 million, a reversal from the prior year's profit, with basic loss per share from continuing operations at RMB 0.04 Consolidated Statement of Profit or Loss Summary | Item (RMB Thousand) | Six Months Ended June 30, 2024 (Unaudited) | Six Months Ended June 30, 2023 (Unaudited) | | :--- | :--- | :--- | | Revenue | 25,202 | 25,634 | | Gross Profit | 12,681 | 9,617 | | Profit (Loss) Before Income Tax | (1,795) | 1,329 | | Total Profit (Loss) for the Period | (2,973) | 114 | | Profit (Loss) Attributable to Owners of the Company | 258 | 183 | [Condensed Consolidated Statement of Financial Position](index=19&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group's total assets remained stable at RMB 486 million, with total liabilities at RMB 38.22 million and net assets at RMB 448 million, demonstrating good short-term solvency with net current assets of RMB 294 million Consolidated Statement of Financial Position Summary | Item (RMB Thousand) | June 30, 2024 (Unaudited) | December 31, 2023 (Audited) | | :--- | :--- | :--- | | **Assets** | | | | Non-current Assets | 154,085 | 156,818 | | Current Assets | 331,966 | 329,731 | | **Total Assets** | **486,051** | **486,549** | | **Liabilities and Equity** | | | | Current Liabilities | 37,696 | 31,798 | | Non-current Liabilities | 522 | 3,945 | | **Total Liabilities** | **38,218** | **35,743** | | **Total Equity** | **447,833** | **450,806** | [Condensed Consolidated Statement of Cash Flows](index=21&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash used in operating activities was RMB 21.30 million, investing activities used RMB 7.26 million, and financing activities generated RMB 4.23 million, resulting in a net decrease of RMB 24.33 million in cash and cash equivalents, ending at RMB 37.93 million Consolidated Cash Flow Statement Summary | Item (RMB Thousand) | Six Months Ended June 30, 2024 (Unaudited) | Six Months Ended June 30, 2023 (Unaudited) | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (21,299) | (70,016) | | Net Cash Used in Investing Activities | (7,258) | (7,554) | | Net Cash From (Used in) Financing Activities | 4,228 | (1,535) | | **Net Decrease in Cash and Cash Equivalents** | **(24,329)** | **(79,105)** | | Cash and Cash Equivalents at Beginning of Period | 62,263 | 182,949 | | **Cash and Cash Equivalents at End of Period** | **37,934** | **103,845** | [Notes to the Condensed Consolidated Interim Financial Statements](index=23&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) The financial statement notes detail the Group's three business segments—finance and consulting, trading operations, and energy storage—highlighting revenue sources from factoring and electronic product sales, the classification of 5G base station business as discontinued operations, and the significant portion of factoring receivables within accounts receivable [Segment Information](index=24&type=section&id=4.%20Segment%20Information) The Group's three reportable segments include finance and consulting, which was the primary income source with RMB 11.70 million revenue and RMB 5.07 million profit before tax, while new trading operations generated RMB 12.45 million revenue but a RMB 1.55 million loss, and energy storage revenue significantly shrank to RMB 1.05 million with a RMB 5.32 million loss 2024 H1 Segment Performance (RMB Thousand) | Segment | Revenue | Profit/(Loss) Before Income Tax | | :--- | :--- | :--- | | Finance and Consulting Business | 11,699 | 5,073 | | Trading Operations Business | 12,453 | (1,549) | | Energy Storage Business | 1,050 | (5,319) | | **Total** | **25,202** | **(1,795)** | [Revenue](index=25&type=section&id=5.%20Revenue) Total revenue for the reporting period was RMB 25.20 million, primarily derived from customer contracts (electronic product sales and energy storage services) at RMB 13.50 million and other sources (factoring and finance lease) at RMB 11.70 million, with factoring income being the largest single contributor at RMB 11.58 million Revenue Composition (RMB Thousand) | Revenue Source | 2024 H1 | 2023 H1 | | :--- | :--- | :--- | | **Revenue from Contracts with Customers** | | | | Sale of Goods - Electronic Products | 12,453 | – | | Energy Storage Services Revenue | 1,050 | 410 | | Energy Storage Solutions and General Construction | – | 9,181 | | Sale of Goods - Energy Storage Systems | – | 9,300 | | **Revenue from Other Sources** | | | | Factoring Income | 11,579 | 4,887 | | Income from Sale and Leaseback Transactions | 111 | 1,606 | | Finance Lease Income | 9 | 199 | | **Total Revenue** | **25,202** | **25,634** | [Discontinued Operations](index=27&type=section&id=8.%20Discontinued%20Operations) The Group's base station business was classified as discontinued operations following an agreement to sell it on May 16, 2024, resulting in a post-tax loss of RMB 0.068 million and related net assets of RMB 5.779 million classified as held for sale as of June 30, 2024 - The Group agreed to sell its base station business, which has been classified as discontinued operations[68](index=68&type=chunk) Discontinued Operations Performance (RMB Thousand) | Item | 2024 H1 | 2023 H1 | | :--- | :--- | :--- | | Revenue | 808 | 2,256 | | Profit/(Loss) for the Period | (68) | 654 | [Accounts Receivable](index=32&type=section&id=15.%20Accounts%20Receivable) As of June 30, 2024, total accounts receivable reached RMB 228.387 million, predominantly comprising factoring receivables with recourse at RMB 210.184 million, for which the company has made appropriate impairment loss provisions Accounts Receivable Composition (RMB Thousand) | Item | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Factoring Receivables with Recourse | 210,184 | 186,151 | | Trade Receivables | 15,762 | 21,737 | | Receivables from Sale and Leaseback Transactions | 1,940 | 4,932 | | Operating Lease Receivables | 501 | 1,479 | | **Total** | **228,387** | **214,299** |