Financial Performance - The company recorded unaudited revenue of approximately RMB 13.8 million for the three months ended March 31, 2023, a decrease of about 20.2% compared to RMB 17.3 million for the same period in 2022[4]. - The unaudited loss for the three months ended March 31, 2023, was approximately RMB 1.8 million, an improvement from a loss of RMB 2.9 million for the same period in 2022[4]. - Basic loss per share for the three months ended March 31, 2023, was RMB 0.20, compared to RMB 0.34 for the same period in 2022[4]. - Gross profit for the three months ended March 31, 2023, was RMB 3.314 million, down from RMB 5.194 million in the same period of 2022[5]. - The company reported a total comprehensive loss of RMB 1.755 million for the three months ended March 31, 2023, compared to RMB 2.925 million for the same period in 2022[5]. - The revenue from sales of printed products was RMB 5.664 million, down from RMB 6.783 million in the previous year, representing a decline of approximately 16.5%[12]. - The revenue from sales of woven labels was RMB 2.671 million, a decrease of about 23.0% from RMB 3.472 million in the prior year[12]. - The company's gross profit margin decreased from approximately 30.0% for the three months ended March 31, 2022, to about 23.9% for the same period in 2023[25]. - The company reported a loss attributable to equity holders of RMB 1.721 million for the three months ended March 31, 2023, compared to a loss of RMB 2.924 million in the same period of 2022[19]. Expenses and Cost Management - Administrative expenses decreased to RMB 4.085 million for the three months ended March 31, 2023, from RMB 7.169 million in the same period of 2022[5]. - The sales cost for the three months ended March 31, 2023, decreased by approximately 13.2% or about RMB 1.6 million compared to the same period in 2022[25]. - Distribution and selling expenses increased from approximately RMB 0.9 million for the three months ended March 31, 2022, to approximately RMB 1.0 million for the same period in 2023, reflecting an increase of 11.11%[27]. - Administrative expenses decreased from approximately RMB 7.2 million for the three months ended March 31, 2022, to approximately RMB 4.1 million for the same period in 2023, a reduction of 43.06%[28]. Equity and Dividends - The total equity attributable to the owners of the company as of March 31, 2023, was RMB 48.285 million, down from RMB 56.749 million as of March 31, 2022[6]. - The board of directors decided not to declare an interim dividend for the three months ended March 31, 2023, consistent with the previous year[4]. - The company did not declare an interim dividend for the three months ended March 31, 2023, compared to zero for the same period in 2022[18]. Strategic Focus and Market Conditions - The company continues to focus on restructuring and optimizing its operations to enhance future performance[7]. - The company will focus more resources on marketing in China to attract potential customers and explore expanding its customer base to local and foreign apparel brands[24]. - The company is facing challenges due to a slowdown in economic growth in China, leading to a decrease in demand in the apparel market[22]. - The company continues to serve a large number of apparel brand companies, designated procurement companies, and apparel manufacturers in China[21]. Financial Management and Proceeds - The company's total liabilities decreased, reflecting improved financial management strategies[9]. - For the three months ended March 31, 2023, the group recorded other income and gains of approximately RMB 59,000, compared to RMB 18,000 for the same period in 2022, representing an increase of 227.78%[26]. - As of March 31, 2023, the net proceeds from the listing amounted to approximately HKD 37.6 million (equivalent to approximately RMB 32.7 million), with HKD 26.4 million already utilized[33]. - The planned use of the unutilized net proceeds includes developing RFID technology applications and upgrading IT systems, with expected timelines for completion by December 2023[35]. - The net proceeds from the placement amounted to approximately HKD 5.65 million, with a net amount of approximately HKD 5.41 million after deducting expenses[37]. - As of March 31, 2023, the unutilized portion of the placement proceeds is expected to be used for investments in suitable information technology companies or projects by December 2023[38]. Corporate Governance - The company has adopted a code of conduct for securities trading by directors, complying with GEM Listing Rules[46]. - The audit committee, consisting of independent non-executive directors, reviewed the unaudited consolidated financial statements for the three months ending March 31, 2023[51]. - The company has maintained compliance with corporate governance standards as per GEM Listing Rules since its listing on July 21, 2017[47]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and promote business growth[47]. - No significant contracts were entered into by the company or its subsidiaries during the three months ending March 31, 2023, where directors had a material interest[48]. - There are no known interests or potential conflicts of interest from controlling shareholders or directors in any competing businesses as of March 31, 2023[50]. Shareholding Structure - As of March 31, 2023, Mr. Lin holds 433,400,000 shares in the company, representing 50.99% of the total equity[40]. - Neo Concept, which is wholly owned by Mr. Lin, also holds 433,400,000 shares, accounting for 50.99% of the company's equity[43]. - Ms. Huang Qingyu, as Mr. Lin's spouse, is deemed to have an interest in the same 433,400,000 shares, also representing 50.99%[43]. Securities Transactions - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending March 31, 2023[45].

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，並明確表示概不會 對本公告的全部或任何部分內容所產生或因依賴該等內容而引致的任何 損失承擔任何責任。 Reach New Holdings Limited 新 達 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8471） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 之 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。有意投資者應了解投資於該 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，在GEM買賣之證券可能會承受較 於聯交所主板買賣之證券為高之市場波動風險，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供 ...

Financial Performance - For the year ended December 31, 2022, the company recorded revenue of approximately RMB 673 million, a decrease of about 9.5% compared to the previous year[8]. - The company's gross profit for 2022 was approximately RMB 197 million, an increase of about 10.1% year-on-year[8]. - The company's revenue for the year was approximately RMB 67.3 million, a decrease of about 9.5% compared to RMB 74.4 million for the year ended December 31, 2021[12]. - Gross profit increased by approximately 10.1% to RMB 19.7 million for the year ended December 31, 2022, despite a revenue decrease of 9.5%[15]. - The gross profit margin improved from approximately 24.1% in 2021 to about 29.3% in 2022, attributed to a 15.9% reduction in cost of sales[15]. - The company's net loss for the year was approximately RMB 6.8 million, compared to a net loss of RMB 1.4 million for the year ended December 31, 2021[21]. - Total assets as of December 31, 2022, were approximately RMB 63.9 million, down from RMB 70.4 million in the previous year[22]. - The company maintained a strong liquidity position with cash and bank balances of approximately RMB 34.8 million as of December 31, 2022, compared to RMB 29.3 million in 2021[22]. Business Strategy and Market Position - The company plans to continue implementing cost control measures and expanding its customer base and product portfolio to mitigate market challenges[9]. - Future opportunities and challenges for the company will be influenced by the overall development of the Chinese apparel market and rising labor and material costs[11]. - The company aims to capture market opportunities to achieve sustainable business growth and maximize long-term shareholder value[9]. - The company’s product offerings include printed items, woven labels, and printed labels, catering primarily to apparel brand companies and manufacturers[11]. - The company is focused on maintaining its competitive advantage in comprehensive labeling solutions and production management services[9]. - The management team believes that the further development of the Chinese apparel market and the shortening of fashion cycles will drive growth in the apparel accessories industry[11]. Employee and Operational Insights - As of December 31, 2022, the group employed a total of 216 employees, a decrease from 220 employees in 2021[36]. - The total employee cost for the year ended December 31, 2022, was approximately RMB 21.9 million, compared to RMB 21.8 million in 2021[36]. - The employee turnover rate for 2022 was 9.3%, with a breakdown of 5.0% for females and 14.6% for males[178]. - Average training hours per employee in 2022 was 2.5 hours[183]. - 73.5% of female employees and 74.8% of male employees received training[183]. - 100% of senior positions and 70.6% of general positions received training[183]. Corporate Governance - The company reported a strong performance for the year ending December 31, 2022, with a focus on maintaining high corporate governance standards[74]. - The board of directors is committed to enhancing accountability and transparency to protect shareholder interests and create value[75]. - The company has adhered to all applicable corporate governance code provisions as of December 31, 2022[75]. - The management team is responsible for executing the overall strategy set by the board and monitoring performance[77]. - The company has a diverse board with members possessing extensive experience in finance, accounting, and management[70][72]. - The independent non-executive directors play a crucial role in the nomination and audit committees, ensuring effective oversight[66][68]. Risk Management and Compliance - The group faced risks including potential impacts from public health events, rising raw material prices, and labor shortages[38]. - The company has adopted a three-tier risk management approach to identify, assess, mitigate, and manage risks[135]. - The board believes that the internal control and risk management systems are effective and efficient after annual review[135]. - The company has established policies to ensure compliance with labor laws and promote equal employment opportunities[172]. - The company has implemented measures to reduce waste and promote a paperless office environment[164]. Environmental and Social Responsibility - The environmental, social, and governance (ESG) report outlines the company's commitment to sustainable development and compliance with applicable environmental laws and regulations as of December 31, 2022[153]. - The company has achieved FSC certification for its products, demonstrating compliance with production and sales regulatory chain requirements[156]. - The company recognizes potential climate-related risks, including extreme weather events, and encourages the use of paperless solutions to enhance operational efficiency[157]. - The total electricity consumption for the group in 2022 was 1,858,868 kWh, with a consumption density of 0.031 kWh per RMB revenue[168]. - The greenhouse gas emissions amounted to 1,569 tons of CO2 equivalent, with nitrogen oxides at 33.9 kg and sulfur oxides at 76.3 kg[168]. Shareholder Engagement - The annual general meeting will be held on May 5, 2023, providing a platform for shareholders to communicate directly with the board[139]. - Shareholders have the right to request the convening of a special general meeting if they hold at least 10% of the voting rights[141]. - The company has established multiple communication channels with shareholders and investors, including annual reports and a dedicated website[145]. - The company has adopted a shareholder communication policy to enhance engagement with shareholders[147]. - The board confirms that the consolidated financial statements reflect the group's financial position and comply with relevant accounting standards[136].

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 因本公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。 Reach New Holdings Limited 新 達 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8471） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 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。有意投資者應了解投資於該 等公司之潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供 ...

Financial Performance - For the nine months ended September 30, 2022, the group recorded unaudited revenue of approximately RMB 528 million, a decrease of about 6.2% compared to RMB 563 million for the same period in 2021[5]. - The group reported an unaudited loss of approximately RMB 46 million for the nine months ended September 30, 2022, compared to an unaudited profit of RMB 28 million for the same period in 2021[5]. - Basic loss per share for the nine months ended September 30, 2022, was RMB 0.54, compared to basic earnings of RMB 0.33 per share for the same period in 2021[5]. - Revenue for the three months ended September 30, 2022, was RMB 159.8 million, down from RMB 183.02 million for the same period in 2021[12]. - Gross profit for the nine months ended September 30, 2022, was RMB 15.3 million, compared to RMB 15.6 million for the same period in 2021[12]. - The group reported a loss before tax of RMB 45.4 million for the nine months ended September 30, 2022, compared to a profit before tax of RMB 38.2 million for the same period in 2021[12]. - The group’s total comprehensive loss for the nine months ended September 30, 2022, was RMB 52.3 million, compared to a total comprehensive income of RMB 2.8 million for the same period in 2021[16]. - For the nine months ended September 30, 2022, the group's revenue was approximately RMB 52.8 million, a slight decrease of about 6.2% compared to approximately RMB 56.3 million for the same period in 2021[46]. - The group's gross profit decreased from approximately RMB 15.6 million for the nine months ended September 30, 2021, to approximately RMB 15.3 million for the same period in 2022, representing a decrease of about 1.9%[48]. - The gross profit margin increased from approximately 27.7% for the nine months ended September 30, 2021, to approximately 29.0% for the same period in 2022[48]. - The group recorded an unaudited loss of approximately RMB 4.6 million for the nine months ended September 30, 2022, compared to an unaudited profit of approximately RMB 2.8 million for the same period in 2021[56]. Dividends - The board of directors resolved not to declare an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[5]. - The company did not declare an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[38]. - The group did not declare an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[58]. Administrative and Operating Expenses - The group incurred administrative expenses of RMB 17.6 million for the nine months ended September 30, 2022, compared to RMB 14 million for the same period in 2021[12]. - Distribution and selling expenses were approximately RMB 2.9 million for the nine months ended September 30, 2022, compared to approximately RMB 2.8 million for the same period in 2021[49]. - Administrative expenses increased from approximately RMB 14.0 million for the nine months ended September 30, 2021, to approximately RMB 17.6 million for the same period in 2022[50]. Customer and Sales Information - Sales of printed products amounted to RMB 20,080,000, down from RMB 20,833,000 in the previous year, representing a decline of 3.6%[26]. - Sales of "Sales of India" increased significantly to RMB 13,312,000 from RMB 4,535,000, marking a growth of 194.5%[26]. - Major customer A contributed RMB 18,509,000 to total sales, an increase of 25.0% from RMB 14,786,000 in the previous year[34]. Corporate Governance and Compliance - The board and management are committed to maintaining high standards of corporate governance and have complied with all relevant codes during the reporting period[139]. - No directors had any significant interests in contracts of major significance to the group during the nine months ending September 30, 2022[140]. - There were no known competitive interests held by major shareholders or directors that could conflict with the company's business during the reporting period[141]. - The Audit Committee was established on June 24, 2017, and is responsible for reviewing financial statements and overseeing the financial reporting system[144]. - The Audit Committee consists of three independent non-executive directors, ensuring no members are current or former employees of the company's auditors[144]. - The unaudited financial information has not been reviewed or audited by the company's auditors but has been reviewed by the Audit Committee[144]. - The company is committed to ensuring adequate disclosure in compliance with applicable accounting standards and GEM listing rules[144]. Future Plans and Investments - The group plans to utilize the net proceeds for developing RFID technology applications and expanding the sales and marketing department, although these plans have been delayed due to the impact of COVID-19[116]. - As of September 30, 2022, the company utilized HKD 0.3 million for operational funding related to the business expansion in the information technology sector, with HKD 5.11 million earmarked for investment in other IT companies or projects[121]. - The company has not identified any suitable investment targets for the unutilized portion of the placement proceeds as of the report date[121]. Market Conditions - The COVID-19 pandemic continues to create additional uncertainty in the global macroeconomic environment, potentially impacting the group's financial performance[143]. - As of September 30, 2022, there have been no significant post-reporting events affecting the group's financial status[143].

Financial Performance - For the six months ended June 30, 2022, the group recorded unaudited revenue of approximately RMB 36.8 million, a slight decrease of about 3.2% compared to RMB 38.0 million for the same period in 2021[4]. - The group reported an unaudited loss of approximately RMB 3.4 million for the six months ended June 30, 2022, compared to an unaudited loss of RMB 1.0 million for the same period in 2021[4]. - Basic loss per share for the six months ended June 30, 2022, was RMB 0.4 cents, compared to RMB 0.1 cents for the same period in 2021[4]. - Gross profit for the six months ended June 30, 2022, was RMB 10.54 million, down from RMB 11.10 million in the same period of 2021[11]. - The total revenue for the six months ended June 30, 2022, was RMB 36,771 thousand, a decrease of 3.3% from RMB 38,009 thousand in 2021[46]. - Revenue from sales to garment manufacturers was RMB 22,203 thousand, down from RMB 26,515 thousand in the previous year, reflecting a decline of 16.5%[50]. - The revenue from sales of printed products was RMB 13,975 thousand, a slight decrease from RMB 14,513 thousand in the previous year[46]. - The group incurred a loss attributable to owners of the company of RMB 3,420,000 for the six months ended June 30, 2022, compared to a loss of RMB 994,000 in the same period of 2021[66]. Assets and Liabilities - Total assets less current liabilities as of June 30, 2022, amounted to RMB 53.52 million, compared to RMB 56.95 million as of December 31, 2021[19]. - Non-current assets as of June 30, 2022, were RMB 12.73 million, down from RMB 14.91 million as of December 31, 2021[16]. - Current assets as of June 30, 2022, totaled RMB 53.56 million, a decrease from RMB 55.48 million as of December 31, 2021[16]. - The total equity as of June 30, 2022, was RMB 53.46 million, down from RMB 56.89 million as of December 31, 2021[20]. - Trade receivables as of June 30, 2022, amounted to RMB 17,466,000, an increase from RMB 15,934,000 as of December 31, 2021[70]. - The group’s trade payables as of June 30, 2022, totaled RMB 5,502,000, an increase from RMB 4,879,000 as of December 31, 2021[76]. Cash Flow - The company's net cash used in operating activities for the six months ended June 30, 2022, was RMB (1,973) thousand, an improvement from RMB (3,017) thousand in the same period of 2021[29]. - The net cash generated from investing activities for the same period was RMB 3,887 thousand, compared to RMB 432 thousand in 2021, indicating a significant increase[36]. - The company reported an increase in cash and cash equivalents, with a net increase of RMB 408 thousand, compared to a decrease of RMB (4,090) thousand in the prior year[37]. - The cash and cash equivalents at the end of the period stood at RMB 29,936 thousand, up from RMB 27,177 thousand at the end of the previous year[37]. - The group’s cash and cash equivalents as of June 30, 2022, were RMB 29.94 million, slightly up from RMB 29.31 million as of December 31, 2021[16]. Dividends - The board of directors decided not to declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[4]. - The group did not declare an interim dividend for the six months ended June 30, 2022, compared to no dividend declared for the same period in 2021[63]. - The company does not plan to declare an interim dividend for the six months ended June 30, 2022, similar to the previous year[118]. Expenses - Distribution and selling expenses increased to approximately RMB 1.9 million for the six months ended June 30, 2022, from RMB 1.8 million in the previous year[94]. - Administrative expenses rose to approximately RMB 12.4 million for the six months ended June 30, 2022, from RMB 9.5 million in the previous year, primarily due to increased personnel costs and other expenses[95]. - As of June 30, 2022, the total employee benefits expenditure, including director remuneration, was approximately RMB 11.7 million, an increase from RMB 10.4 million for the same period in 2021[112]. Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, complying with GEM listing rules[151]. - The company has adhered to corporate governance standards and principles during the reporting period[152]. - No directors had significant interests in any contracts of major significance to the group's business during the six months ending June 30, 2022[153]. - The company has not identified any competing interests from its major shareholders or their close associates as of June 30, 2022[157]. Future Outlook and Strategy - The company continues to focus on the garment supply chain, with a strategy to enhance its product offerings and market presence in China[41]. - The company plans to invest more resources in identifying potential clients in China and exploring opportunities with domestic and overseas apparel brands to increase sales and profitability[90]. - The company anticipates stable growth in the apparel materials market despite challenges from COVID-19 and intense price competition[119]. - The company will continue to explore new business opportunities to expand revenue sources, including through various channels for selling apparel products[119]. Risk Factors - The company has identified potential risks including reliance on customer demand and the impact of COVID-19 on operations[122]. - The ongoing pandemic continues to create additional uncertainty in the global macroeconomic environment, potentially impacting the company's financial performance[158]. Audit and Compliance - The audit committee, established on June 24, 2017, is responsible for reviewing financial statements and overseeing the company's financial reporting system and risk management[159]. - The audit committee currently consists of three independent non-executive directors, ensuring no conflicts of interest with previous or current auditors[162]. - The interim report for 2022 has been reviewed by the audit committee and is deemed to comply with applicable accounting standards and GEM listing rules[162].

Financial Performance - For the three months ended March 31, 2022, the group recorded unaudited revenue of approximately RMB 17.3 million, an increase of about 6.1% compared to RMB 16.3 million for the same period in 2021[5]. - The group reported an unaudited loss of approximately RMB 2.9 million for the three months ended March 31, 2022, compared to an unaudited loss of RMB 0.2 million for the same period in 2021[5]. - Basic loss per share for the three months ended March 31, 2022, was RMB 0.34, compared to RMB 0.02 for the same period in 2021[5]. - Gross profit for the three months ended March 31, 2022, was RMB 5.194 million, down from RMB 5.650 million for the same period in 2021[11]. - The company's cost of sales increased by approximately 13.5% or about RMB 1.4 million compared to the same period in 2021[47]. - The gross profit margin decreased from approximately 34.6% for the three months ended March 31, 2021, to approximately 30.0% for the same period in 2022[47]. - The group incurred a loss before tax of RMB 2.925 million for the three months ended March 31, 2022, compared to a profit of RMB 240,000 for the same period in 2021[11]. - The company's revenue was approximately RMB 17.3 million, an increase of about 6.1% compared to RMB 16.3 million for the same period in 2021[43]. - The company's reported a loss attributable to owners of the company of approximately RMB 2.9 million for the three months ended March 31, 2022[39]. - The group's unaudited loss for the three months ended March 31, 2022, was approximately RMB 2.9 million, compared to an unaudited loss of approximately RMB 0.2 million for the same period in 2021, primarily due to a decrease in gross margin and increased administrative expenses[51]. Expenses - Selling and distribution expenses increased to RMB 937,000 for the three months ended March 31, 2022, compared to RMB 778,000 for the same period in 2021[11]. - Administrative expenses rose significantly to RMB 7.169 million for the three months ended March 31, 2022, compared to RMB 4.717 million for the same period in 2021[11]. - Distribution and selling expenses increased from approximately RMB 0.8 million for the three months ended March 31, 2021, to approximately RMB 0.9 million for the same period in 2022[49]. - Administrative expenses increased from approximately RMB 4.7 million for the three months ended March 31, 2021, to approximately RMB 7.2 million for the three months ended March 31, 2022[50]. Dividends - The board of directors decided not to declare an interim dividend for the three months ended March 31, 2022, consistent with the previous year[5]. - The company did not declare an interim dividend for the three months ended March 31, 2022, compared to zero for the same period in 2021[36]. - The company decided not to declare an interim dividend for the three months ended March 31, 2022, consistent with the previous year[55]. Corporate Strategy - The company continues to focus on its core business of providing label solutions and garment accessories manufacturing and supply in China[20]. - The company continues to focus on expanding its customer base in China and internationally to increase sales and enhance profitability[43]. - The company plans to delay the application of unutilized proceeds for developing RFID technology and expanding sales and marketing departments due to the impact of the COVID-19 pandemic on the apparel industry[60]. Governance and Compliance - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on its accounting policies or financial statements[25]. - The company primarily operates in China, with most of its non-current assets and capital expenditures located in or used for China[29]. - The company has adopted a code of conduct for directors' securities transactions, complying with GEM listing rules[81]. - The audit committee, established on June 24, 2017, reviews financial statements and oversees the financial reporting system[86]. - The company has adhered to corporate governance standards as per GEM listing rules since its listing on July 21, 2017[82]. - No significant contracts were disclosed involving directors with substantial interests during the reporting period[83]. - The company reported no knowledge of any competing interests from major shareholders or directors as of March 31, 2022[85]. Shareholder Information - Mr. Lin holds 433,400,000 shares, representing 50.99% of the equity in Neo Concept, which he fully owns[71]. - Mr. Zhu Honghai holds 230,000 shares, representing 0.03% of the equity[71]. - Neo Concept is the beneficial owner of 433,400,000 shares, equating to 50.99% of the equity[75]. - Ms. Huang Qingyu, as Mr. Lin's spouse, is deemed to hold 50.99% of the equity through Mr. Lin's ownership[75]. - As of March 31, 2022, there were no purchases, sales, or redemptions of shares by the company or its subsidiaries[80]. - The company has not granted, cancelled, or lapsed any share options under the share option scheme as of March 31, 2022[54]. Fund Utilization - The net proceeds from the listing amounted to approximately HKD 37.6 million (equivalent to approximately RMB 32.7 million), with part of the funds allocated according to the future plans outlined in the prospectus[56]. - As of March 31, 2022, the total amount utilized from the net proceeds was approximately HKD 25.1 million, with significant allocations for enhancing production facilities and digital printing technology[60]. - The company has allocated approximately HKD 3.0 million for the development of internet and information technology businesses, fully utilized as of March 31, 2022[60]. - The company successfully placed 50,000,000 shares at a price of HKD 0.113 per share, raising a total of approximately HKD 5.65 million, with net proceeds of about HKD 5.41 million after expenses[64]. COVID-19 Impact - The company will monitor the ongoing COVID-19 pandemic and assess its impact on financial performance, with no other significant post-reporting events noted[53].

Financial Performance - The company recorded revenue of approximately RMB 744 million for the year ended December 31, 2021, representing an increase of about 22.8% compared to the previous year[9]. - Gross profit for the year was approximately RMB 179 million, reflecting a growth of about 29.7% year-on-year[9]. - The company's revenue for the year ended December 31, 2021, was approximately RMB 744.14 million, an increase of about 22.8% compared to RMB 606.0 million for the year ended December 31, 2020[17]. - The gross profit increased by approximately 29.7% to RMB 179.0 million for the year ended December 31, 2021, compared to RMB 138.0 million for the previous year, resulting in a gross margin increase from 22.7% to 24.1%[24]. - The company reported a net loss of RMB 1.4 million for the year ended December 31, 2021, a significant reduction from a loss of RMB 14.1 million for the year ended December 31, 2020[32]. Cost Management - The company plans to continue implementing cost control measures and expanding its customer base and product offerings to enhance overall competitiveness and market share[10]. - Distribution and selling expenses decreased from approximately RMB 43.0 million for the year ended December 31, 2020, to approximately RMB 39.0 million for the year ended December 31, 2021[26]. - Administrative expenses decreased from approximately RMB 22.7 million for the year ended December 31, 2020, to approximately RMB 20.5 million for the year ended December 31, 2021, due to cost control measures[27]. - The total employee cost for the year ended December 31, 2021, was approximately RMB 21.8 million, a decrease from RMB 25.1 million in 2020[53]. Market Outlook - Future opportunities and challenges for the company will be influenced by the overall development of the Chinese apparel accessories market and rising labor and material costs[10]. - The management team believes that the shortening of clothing season cycles and multifunctional labels will remain key growth drivers in the Chinese apparel accessories market[10]. - The company aims to diversify its revenue sources by exploring new business opportunities and different sales channels for apparel products[10]. - The company acknowledges the ongoing challenges in the apparel accessories market due to COVID-19, price competition, and trade tensions between China and the United States[9]. Corporate Governance - The company emphasizes the importance of good corporate governance for long-term success and sustainability, adhering to GEM listing rules and corporate governance codes[118]. - The board consists of eight members, including one non-executive director, three executive directors, and four independent non-executive directors, ensuring a strong independent element[125]. - The company has adopted a board diversity policy to enhance its competitive advantage, focusing on various factors such as gender, age, cultural background, and professional experience[130]. - The company aims to maintain a balanced mix of skills and experiences among board members to support sustainable growth[131]. - The board is responsible for setting overall strategies and monitoring management performance, with delegated authority for management and administration[120]. Risk Management - The company has implemented a three-tier risk management approach to identify, assess, and mitigate risks, with the first line being business departments responsible for monitoring risks[195]. - The company faced risks related to the COVID-19 pandemic, including potential impacts on financial performance due to lockdowns and travel restrictions[55]. - The board believes that there are no uncertainties that may cast significant doubt on the company's ability to continue as a going concern[200]. Investment and Development - The company plans to enhance its production facilities and digital printing technology with an allocation of HKD 7.9 million, fully utilized by December 31, 2021[74]. - Development of RFID technology application in products has a planned allocation of HKD 3.0 million, with HKD 0.5 million utilized and HKD 2.5 million expected to be utilized by December 2022[74]. - The upgrade of the company's information technology systems has a budget of HKD 5.3 million, with HKD 3.4 million utilized and HKD 1.9 million expected to be utilized by December 2022[74]. - The company has allocated HKD 8.0 million for the development of its garment trading business, with only HKD 0.8 million utilized and HKD 7.2 million expected to be utilized by December 2022[74]. Employee Relations - The company expresses gratitude to all employees for their hard work and dedication during the challenging year[10]. - The company employed a total of 220 staff as of December 31, 2021, compared to 219 in 2020[53]. - The company maintained good relationships with customers and suppliers, with no significant complaints reported during the year[65]. Audit and Compliance - The audit committee, established on June 24, 2017, has met four times during the year to review the financial statements for the year ending December 31, 2021[157]. - All directors confirmed compliance with the trading standards set out in the GEM Listing Rules for the year ending December 31, 2021[138]. - The company has established three committees to assist the board in fulfilling its responsibilities, including the audit committee, remuneration committee, and nomination committee[146].

Financial Performance - For the nine months ended September 30, 2021, the group recorded unaudited revenue of approximately RMB 563 million, an increase of about 32.5% compared to RMB 425 million for the same period in 2020[4] - The group reported an unaudited profit of approximately RMB 2.8 million for the nine months ended September 30, 2021, compared to an unaudited loss of RMB 9.4 million for the same period in 2020[4] - Basic earnings per share for the nine months ended September 30, 2021, was RMB 0.33, compared to a basic loss per share of RMB 1.07 for the same period in 2020[4] - Gross profit for the nine months ended September 30, 2021, was RMB 15.6 million, compared to RMB 8.2 million for the same period in 2020[8] - The group achieved a profit before tax of RMB 3.8 million for the nine months ended September 30, 2021, compared to a loss before tax of RMB 9.4 million for the same period in 2020[8] - Total comprehensive income for the nine months ended September 30, 2021, was RMB 2.8 million, compared to a total comprehensive loss of RMB 8.9 million for the same period in 2020[8] - The company reported a profit before tax of RMB 3,823,000 for the nine months ended September 30, 2021, compared to a loss of RMB 9,422,000 for the same period in 2020[27] - The company reported a profit of RMB 2.846 million for the nine months ended September 30, 2021, compared to a loss of RMB 8.910 million in the same period of 2020, marking a significant turnaround[36] - Revenue for the nine months ended September 30, 2021, was approximately RMB 56.3 million, an increase of about 32.5% from RMB 42.5 million in the same period of 2020[41] - The gross profit increased by approximately 90.2% to about RMB 15.6 million for the nine months ended September 30, 2021, compared to RMB 8.2 million for the same period in 2020[44] - The gross profit margin improved from approximately 19.3% for the nine months ended September 30, 2020, to about 27.7% for the same period in 2021[44] Dividend Policy - The board of directors resolved not to declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[4] - The company did not declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[34] - The company did not declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[52] Cost Management - The group reported a decrease in administrative expenses to RMB 13.98 million for the nine months ended September 30, 2021, down from RMB 16.94 million in the same period of 2020[8] - Administrative expenses decreased from approximately RMB 16.9 million for the nine months ended September 30, 2020, to about RMB 14.0 million for the same period in 2021, due to cost control measures[46] Revenue Breakdown - Sales of printed products reached RMB 20,833,000, up 33.9% from RMB 15,642,000 in the previous year[20] - The revenue from garment manufacturers was RMB 39,932,000, representing a 27.1% increase from RMB 31,405,000 in the prior year[20] - The company recorded a revenue increase in printed products, woven labels, and other apparel accessories by approximately 33.2%, 127.4%, and 67.2%, respectively, compared to the previous year[41] Corporate Governance - The company has a total of 433,400,000 shares held by Neo Concept, representing 50.99% of the company's equity[65] - The board of directors confirmed full compliance with the standards of the code of conduct for securities transactions during the nine months ended September 30, 2021[80] - The company maintained high standards of corporate governance and complied with all provisions of the corporate governance code during the nine months ended September 30, 2021[81] - There were no significant contracts with any directors that had a material impact on the group's business during the nine months ended September 30, 2021[82] Taxation - The company has not generated taxable profits in Hong Kong, thus no provision for Hong Kong profits tax was made[33] - The group is subject to a 25% corporate income tax rate in China, consistent with the previous year[33] Future Plans and Investments - The company plans to invest more resources in identifying potential clients in China and exploring opportunities with domestic and overseas apparel brands to increase sales and profitability[43] - The company plans to allocate HKD 37.6 million for enhancing production facilities and digital printing technology, with HKD 21.8 million already utilized[55] - The company intends to strengthen its capabilities in RFID technology application, with an allocation of HKD 3.0 million, of which HKD 0.5 million has been utilized[55] - The company has allocated HKD 53 million for upgrading its information technology systems, with HKD 3.2 million already spent[55] - The company has plans to develop its garment trading business with an allocation of HKD 8.0 million, of which HKD 0.8 million has been utilized[55] - The company has delayed the expansion plans due to a decline in product demand since the COVID-19 pandemic began in early 2020[55] IPO and Fundraising - The net proceeds from the IPO amounted to approximately RMB 32.7 million, which will be utilized according to the plans outlined in the prospectus[53] - The net proceeds from the fundraising amounted to approximately HKD 5.41 million after deducting expenses[59] - The company has a remaining balance of HKD 15.8 million from the net proceeds, which is stored in licensed banks in Hong Kong or China[55] COVID-19 Impact - The company is closely monitoring the impact of the COVID-19 pandemic on its financial performance, but the extent of the impact remains uncertain[85] Audit and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2021, and found them to comply with applicable accounting standards[86]

Financial Performance - For the six months ended June 30, 2021, the group recorded unaudited revenue of approximately RMB 38.0 million, an increase of about 50.2% compared to RMB 25.3 million for the same period in 2020[4] - The group reported an unaudited loss of approximately RMB 1.0 million for the six months ended June 30, 2021, a significant improvement from an unaudited loss of RMB 5.8 million for the same period in 2020[4] - Basic loss per share for the six months ended June 30, 2021, was RMB 0.1, compared to RMB 0.64 for the same period in 2020[4] - Gross profit for the six months ended June 30, 2021, was RMB 11.1 million, up from RMB 5.6 million in the same period of 2020[8] - The company's total revenue for the six months ended June 30, 2021, was RMB 38,009 thousand, compared to RMB 25,349 thousand for the same period in 2020, indicating an overall growth of 49.6%[34] - The group reported a loss attributable to owners of the company of RMB 994,000 for the six months ended June 30, 2021, compared to a loss of RMB 5,345,000 for the same period in 2020, indicating a reduction in losses[50] Dividend and Shareholder Information - The board of directors resolved not to declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[4] - The group did not declare an interim dividend for the six months ended June 30, 2021, consistent with no dividend declared for the same period in 2020[47] - As of June 30, 2021, the company’s major shareholder, Mr. Lin, holds 433,400,000 shares, representing 50.99% of the company’s equity[133] - The company’s major shareholder, Neo Concept, is fully owned by Mr. Lin, who is deemed to have an interest in all shares held by Neo Concept[133] Cash Flow and Assets - The group's cash and cash equivalents as of June 30, 2021, were RMB 27.2 million, down from RMB 31.4 million as of December 31, 2020[10] - The net cash used in operating activities for the six months ended June 30, 2021, was RMB (3,017) thousand, an improvement compared to RMB (7,584) thousand for the same period in 2020[23] - The company reported a net cash decrease of RMB (4,090) thousand for the six months ended June 30, 2021, compared to a decrease of RMB (4,248) thousand in the same period of 2020[24] - The total cash and cash equivalents at the end of the period were RMB 27,177 thousand, down from RMB 31,366 thousand at the beginning of the period[24] - As of June 30, 2021, the group's current assets net value was approximately RMB 44.4 million, compared to approximately RMB 43.6 million as of December 31, 2020, with cash and bank balances of approximately RMB 27.2 million[93] Revenue Sources - Revenue from the sale of printed products increased to RMB 14,513 thousand for the six months ended June 30, 2021, up from RMB 8,703 thousand in the same period of 2020, representing a growth of 66.5%[34] - Revenue from the sale of lines increased to RMB 13,225 thousand for the six months ended June 30, 2021, compared to RMB 5,115 thousand in the same period of 2020, marking a growth of 158.5%[34] - Revenue from major customer A increased to RMB 10,477,000 in the six months ended June 30, 2021, compared to RMB 4,508,000 in the same period of 2020, representing a growth of 132.5%[40] Expenses and Cost Management - Total employee costs decreased to RMB 9,673,000 in the six months ended June 30, 2021, from RMB 11,954,000 in the same period of 2020, reflecting a decrease of 19.1%[47] - Distribution and sales expenses decreased from approximately RMB 2.0 million for the six months ended June 30, 2020, to approximately RMB 1.8 million for the six months ended June 30, 2021[87] - Administrative expenses reduced from approximately RMB 10.7 million for the six months ended June 30, 2020, to approximately RMB 9.5 million for the six months ended June 30, 2021, mainly due to cost-cutting measures implemented during the period[88] Investments and Future Plans - The company plans to invest more resources in identifying potential clients in China and exploring opportunities with domestic and overseas apparel brands to increase sales and profitability[82] - The company will continue to explore new business opportunities to broaden revenue sources, including selling apparel products through various channels[82] - The company has allocated HKD 8.0 million for developing the apparel trading business, with HKD 0.8 million already utilized and HKD 7.2 million remaining[123] Corporate Governance and Compliance - The company has adopted a code of conduct for directors regarding securities trading, with no known breaches during the reporting period[144] - The company maintained high standards of corporate governance, complying with all significant aspects of the corporate governance code during the six months ended June 30, 2021[145] - No directors had any significant interests in contracts of major significance to the group during the reporting period[146] - There were no known competitive interests from major shareholders or their associates that could conflict with the group's business during the reporting period[150] Risks and Market Conditions - Key risks include reliance on customer demand, potential labor shortages, and the inability to keep pace with technological advancements in the apparel accessories industry[115] - The outbreak of COVID-19 continues to create uncertainty in the global macroeconomic environment, potentially impacting the group's financial performance[151]