Core Points - The Hong Kong Stock Exchange announced disciplinary actions against two directors of Narnia (Hong Kong) Group Limited, which has been delisted [1] - The actions include a statement of unsuitability and reprimand against Mr. Dai Shunhua, the executive director, chairman, and CEO at the time of delisting, and Ms. Song Xiaoying, the executive director at the time of delisting [1]

制裁 香港聯合交易所有限公司（聯交所） 向納尼亞（香港）集團有限公司（該公司）下列董事作出董事不適合性聲明及譴責： (1) 該公司除牌時的執行董事、主席及行政總裁戴順華先生（戴先生）；及 (2) 該公司除牌時的執行董事宋曉英女士（宋女士）。 香港聯合交易所有限公司 (香港交易及結算所有限公司全資附屬公司) THE STOCK EXCHANGE OF HONG KONG LIMITED (A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited) 紀律行動聲明 聯交所對納尼亞（香港）集團有限公司（已除牌，前股份代號：8607） 兩名董事的紀律行動 上市科為調查（其中包括）上列董事是否已履行《GEM 上市規則》的職責及責任而向其逐 一發出調查函及提醒函。戴先生及宋女士只回覆了上市科的部分而非全部查詢。 （上文所指董事分別下稱董事） 董事不適合性聲明是指聯交所認為，以上各董事均不適合擔任該公司或其任何附屬公司的 董事或高級管理階層職務。 實況概要 根據《GEM 上市規則》第 5.02C 及 5.13A 條，每名董事有責任(i)在上巿科 ...

Financial Performance - Revenue decreased by 25.3% to approximately RMB 115.0 million compared to RMB 153.9 million in the same period last year[4] - Gross profit decreased by 42.7% to approximately RMB 10.2 million, with a gross margin of about 8.9% compared to 11.6% last year[4] - Loss attributable to equity holders of the company was approximately RMB 2.6 million, compared to RMB 0.8 million in the same period last year[4] - Basic loss per share was approximately RMB 0.33, compared to RMB 0.09 in the same period last year[4] - The company reported a total comprehensive loss of RMB 2.6 million for the nine months ended September 30, 2024[5] - Total revenue for the nine months ended September 30, 2024, was approximately RMB 115.0 million, a decrease of about RMB 38.9 million or 25.3% compared to RMB 153.9 million for the same period in 2023[26] - The company reported a pre-tax loss of RMB (2,967) thousand for the nine months ended September 30, 2024, compared to a loss of RMB (758) thousand in 2023[21] - The company's loss attributable to shareholders for the nine months ended September 30, 2024, was approximately RMB 2.6 million, compared to a loss of approximately RMB 0.8 million for the same period in 2023[39] Revenue Breakdown - Sales revenue from fabric products for the nine months ended September 30, 2024, was RMB 11,078,000, compared to RMB 62,662,000 in 2023, indicating a significant drop[13] - Revenue from dyeing services for the nine months ended September 30, 2024, increased to RMB 103,872,000 from RMB 91,199,000 in 2023, reflecting a growth of approximately 14%[13] - Sales revenue from fabric dyeing services for the nine months ended September 30, 2024, was approximately RMB 11.1 million, a decrease of about RMB 51.6 million or 82.3% compared to RMB 62.7 million for the same period in 2023[27] - Revenue from dyeing services for the nine months ended September 30, 2024, was approximately RMB 103.9 million, an increase of about RMB 12.7 million or 13.9% compared to RMB 91.2 million for the same period in 2023, primarily due to an increase in sales orders from customers[28] Expenses and Costs - Administrative expenses increased to RMB 9.0 million from RMB 7.2 million in the same period last year[5] - Research expenses decreased to RMB 4.6 million from RMB 7.0 million in the same period last year[5] - Cost of sales and services decreased from approximately RMB 136.1 million for the nine months ended September 30, 2023, to approximately RMB 104.7 million for the same period in 2024, a reduction of about RMB 31.4 million or 23.1%[29] - Gross profit for the nine months ended September 30, 2024, was approximately RMB 10.2 million, down from RMB 17.8 million in 2023, with the gross margin decreasing from approximately 11.6% to 8.9%[30] - Selling and distribution expenses decreased by approximately RMB 1.7 million or 81.0% to about RMB 0.4 million for the nine months ended September 30, 2024, primarily due to reduced transportation costs[33] - Administrative expenses increased by approximately RMB 1.8 million or 25.0% to about RMB 9.0 million for the nine months ended September 30, 2024, mainly due to increased legal and professional fees related to the resumption of trading[34] - Research and development expenses decreased to approximately RMB 4.6 million for the nine months ended September 30, 2024, from RMB 7.0 million in 2023, a reduction of about RMB 2.4 million[35] - Financial costs decreased by approximately RMB 0.7 million or 35.0% to about RMB 1.3 million for the nine months ended September 30, 2024, mainly due to reduced bank borrowings[36] Other Income and Financial Activities - Other income increased to RMB 3.6 million from RMB 1.7 million in the same period last year[5] - Other income for the nine months ended September 30, 2024, totaled RMB 3,589,000, up from RMB 1,705,000 in 2023, marking an increase of about 110%[16] - Interest income for the nine months ended September 30, 2024, was RMB 23,000, compared to RMB 7,000 in 2023, showing a rise of approximately 228.6%[16] - Government grants received during the nine months ended September 30, 2024, amounted to RMB 850,000, an increase from RMB 750,000 in 2023, representing a growth of about 13.3%[16] - The net loss from the sale of goods, factories, and equipment for the nine months ended September 30, 2024, was RMB 1,451,000, an improvement from a loss of RMB 1,909,000 in 2023[17] Corporate Governance and Compliance - The company has maintained compliance with applicable laws and regulations, with no significant violations impacting its operations during the reporting period[53] - There are no significant liabilities, ongoing legal proceedings, or potential litigation threats as of September 30, 2024[53] - The company has adhered to all applicable provisions of the corporate governance code, except for a deviation from clause C.2.1 regarding the separation of roles between the Chairman and the CEO[61] - The audit committee has reviewed the unaudited financial statements for the nine months ended September 30, 2024, and agreed that the accounting policies adopted are in compliance with current accounting standards[65] - The company is experiencing delays in publishing the annual results for the year ending December 31, 2023, due to pending audit matters, which may constitute a breach of GEM listing rules[65] - The company's shares will be suspended from trading on the stock exchange starting April 2, 2024, until further notice due to non-compliance with GEM listing rules[66] Strategic Plans and Market Position - The company is focusing on integrating resources and optimizing production equipment to enhance product quality and meet market demands[25] - The company plans to expand into new markets and strengthen its supply chain by adopting a "going out" strategy[25] - The group aims to enhance its R&D system and expand new product development to meet customer demand for environmentally integrated functional materials[41] - The company plans to expand its business and supply chain platform, recruit unlimited business personnel, and implement a sales recruitment incentive plan to enhance market share[42] - The group is committed to low-carbon and circular economy practices, aiming to drive green development in the industry[43] - The company has established a solid capital platform since its listing on the Growth Enterprise Market on February 26, 2019, and remains optimistic about market prospects[44] - The company will continue to adjust its strategic objectives and diversify its existing business to explore high-tech projects in 2024[43] Shareholder Information - Spring Sea Star Investment Limited holds 422,558,000 shares, representing approximately 52.82% of the company's issued share capital[48] - As of September 30, 2024, Spring Sea holds 422,558,000 shares, representing approximately 52.82% of the company's issued share capital[51] - Mr. Dai Shunhua and Ms. Song Xiaoying are the beneficial owners of Spring Sea, holding 53.98% and 46.02% of its shares respectively[52] - At least 25% of the issued shares are held by public shareholders, in accordance with GEM listing rules[54] - The company has not engaged in any purchases, sales, or redemptions of its listed securities during the reporting period[55] - There are no provisions for preemptive rights in the company's articles of association, allowing for the issuance of new shares without offering them to existing shareholders[56] - The company has not granted any stock options under its stock option plan since its adoption on February 26, 2019[57] - No related party transactions or continuing connected transactions requiring disclosure under GEM listing rules occurred during the reporting period[58] - There are no directors or controlling shareholders engaged in any competing business or holding any conflicting interests with the company during the reporting period[59] Use of Proceeds - The net proceeds from the listing amounted to approximately RMB 37.9 million (equivalent to about HKD 44.7 million) after deducting underwriting commissions and related expenses[60] - As of September 30, 2024, the actual utilized amount of the net proceeds was RMB 37.9 million, with specific allocations including RMB 5.2 million for renovating existing weaving factories and RMB 10.4 million for purchasing weaving machinery and equipment[60] - The company has revised the intended use of proceeds from the listing, as disclosed in the announcement dated April 19, 2020[60] - The company has utilized RMB 8.5 million for the purchase of a melt-blown fabric production line, which was not part of the original plan[60]

股份代號 : 8607 | --- | --- | |--------------------------|-------| | | | | | | | NARNIA GROUP | | | Narnia (Hong Kong) | | | Group Company Limited | | | 納尼亞(香港)集團有限公司 | | (於開曼群島註冊成立的有限公司) 2024 中期報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 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上市的公司一般為中小型公司，在GEM買賣的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，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 本報告的資料乃遵照聯交所的GEM證券 ...

Financial Performance - Total revenue for the three months ended March 31, 2024, was approximately RMB 354 million, a decrease of 15.9% compared to RMB 421 million in the same period last year[6]. - For the three months ended March 31, 2024, the company's gross profit was approximately RMB 4.0 million, an increase from RMB 2.4 million for the same period in 2023, resulting in a gross margin increase from approximately 5.7% to 11.3%[29]. - Profit attributable to equity holders for the three months ended March 31, 2024, was approximately RMB 0.1 million (compared to a loss of approximately RMB 5.7 million in the same period last year)[65]. - Basic earnings per share were approximately RMB 0.02 (compared to a basic loss per share of approximately RMB 0.72 in the same period last year)[65]. - The company reported a profit attributable to equity holders of RMB 147,000, a recovery from a loss of RMB 5,745,000 in the prior year[66]. - The company’s financial statements have been reviewed by the audit committee and approved by the board, ensuring compliance with accounting standards[126]. Cost Management - Sales and service costs decreased from approximately RMB 397 million for the three months ended March 31, 2023, to approximately RMB 314 million for the same period in 2024, a reduction of about RMB 83 million or 20.9%[7]. - Administrative expenses for the three months ended March 31, 2024, were approximately RMB 2.2 million, a decrease of about RMB 1.1 million or 33.3% compared to RMB 3.3 million for the same period in 2023[32]. - Financial costs for the group were approximately RMB 0.5 million, a decrease of approximately RMB 0.3 million or 37.5% compared to RMB 0.8 million in the same period last year[43]. - Sales and distribution expenses decreased by approximately RMB 0.3 million or 50.0% to about RMB 0.3 million for the three months ended March 31, 2024, primarily due to reduced transportation costs[31]. - The total administrative expenses decreased from RMB 3,341,000 to RMB 2,181,000, indicating cost control measures[66]. Business Strategy - The company aims to enhance its R&D system and expand new product development to meet customer demand for environmentally friendly functional fabrics[15]. - The company plans to diversify its existing business and explore high-tech projects to improve profitability and adapt to market changes[16]. - The company will continue to expand its business and supply chain platform, recruiting unlimited sales personnel and implementing a reward system to encourage employee contributions[15]. - The company aims to continue advancing high-tech initiatives while reducing energy consumption and expanding into new markets[85]. - The company is focusing on long-term stable customers and has chosen to forgo low-margin small clients due to market conditions[109]. Tax and Compliance - The company reported a tax expense of RMB 26 thousand for the current period, compared to RMB 1,014 thousand in the previous year[1]. - The company's tax expense for the three months ended March 31, 2024, was approximately RMB 0.03 million, compared to a tax credit of approximately RMB 1.0 million for the same period in 2023[36]. - The company has been recognized as a micro-profit enterprise, allowing for reduced taxable income calculations under certain thresholds[2]. - The effective tax rate for Huzhou Narnia is 15% for 2024, benefiting from its status as a "high-tech enterprise" recognized by local authorities[118]. - The company has not reported any significant violations of applicable laws and regulations that would impact its business operations[12]. Shareholder Information - The company’s major shareholders, including Mr. Dai Shunhua and Ms. Song Xiaoying, hold significant stakes, with Mr. Dai and Ms. Song each owning approximately 59.11% of Spring Sea, representing 472,848,000 shares[19]. - At least 25% of the issued shares were held by public shareholders in accordance with GEM listing rules[49]. - Spring Sea owned 472,848,000 shares, representing approximately 59.11% of the company's issued share capital[42]. - There were no conflicts of interest reported among directors or major shareholders during the reporting period[28]. - The company has not engaged in any related party transactions during the reporting period[26]. Revenue Breakdown - Revenue from fabric sales was RMB 5.9 million, while revenue from dyeing services was RMB 29.5 million, representing an increase of 18.0% from RMB 25.0 million in the previous year[124]. - Sales revenue from fabric decreased by approximately RMB 11.2 million or 65.5%, from RMB 17.1 million to RMB 5.9 million, with total sales volume dropping from approximately 3.6 million meters to 1.4 million meters[86]. - The company's revenue for the three months ended March 31, 2024, was RMB 35,406,000, a decrease of 16.5% from RMB 42,085,000 in the same period of 2023[66]. - For the three months ended March 31, 2024, total revenue was approximately RMB 35.4 million, a decrease of 15.5% compared to RMB 42.1 million for the same period in 2023[100]. Other Income - Other income and net gains for the three months ended March 31, 2024, amounted to approximately RMB 0.4 million, compared to a loss of approximately RMB 2.3 million for the same period in 2023[30]. - Interest income increased to RMB 17,000 from RMB 3,000, while foreign exchange gains improved to RMB 140,000 from a loss of RMB 1,636,000[77]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and has adopted measures to strengthen its internal control systems[8]. - The company has not adopted new accounting standards that have been issued but are not yet effective, indicating a stable accounting approach[71]. - The board of directors decided not to declare any dividends for the three months ended March 31, 2024, consistent with the previous year[39].

Financial Performance - Revenue decreased by 15.9% to approximately RMB 354 million (previous year: approximately RMB 421 million) [20] - Gross profit increased by 66.7% to approximately RMB 40.17 million (previous year: approximately RMB 24.00 million) [20] - Gross margin was approximately 11.3% (previous year: approximately 5.7%) [20] - Profit attributable to equity holders of the company for the three months ended March 31, 2024, was approximately RMB 0.1 million (previous year: loss of approximately RMB 5.75 million) [20] - Basic earnings per share was approximately RMB 0.02 (previous year: loss of approximately RMB 0.72) [20] - Total revenue for the three months ended March 31, 2024, was approximately RMB 35.4 million, a decrease of 15.9% compared to RMB 42.1 million in the same period last year [67] - The company reported a profit attributable to shareholders of approximately RMB 0.1 million for the three months ended March 31, 2024, compared to a loss of approximately RMB 5.7 million for the same period in 2023, indicating a significant turnaround [103] Expenses and Costs - Sales and service costs were RMB 354.06 million (previous year: RMB 420.85 million) [5] - Administrative expenses decreased to RMB 2.18 million (previous year: RMB 3.34 million) [5] - Research expenses decreased to RMB 1.25 million (previous year: RMB 2.06 million) [5] - Financial costs decreased to RMB 0.53 million (previous year: RMB 0.82 million) [5] - Cost of sales and services decreased by approximately RMB 8.3 million or 20.9% to about RMB 31.4 million for the three months ending March 31, 2024, from approximately RMB 39.7 million for the same period in 2023 [41] - Sales and distribution expenses decreased by approximately RMB 0.3 million or 50.0% to about RMB 0.3 million for the three months ended March 31, 2024, primarily due to reduced transportation costs [99] Revenue Sources - Revenue from dyeing services increased by approximately RMB 4.5 million or 18.0% to about RMB 29.5 million for the three months ending March 31, 2024, compared to RMB 25.0 million for the same period in 2023 [41] - Revenue from sales of fabrics decreased by approximately RMB 11.2 million or 65.5%, from approximately RMB 17.1 million for the three months ended March 31, 2023, to approximately RMB 5.9 million for the three months ended March 31, 2024 [68] - Sales of raw materials recognized during the period amounted to RMB 5,888 thousand, down from RMB 17,133 thousand in the previous year, indicating a significant decline [28] Tax and Compliance - The effective tax rate for the company is 25% under the Corporate Income Tax Law of China [33] - Income tax expense for the three months ended March 31, 2024, was approximately RMB 0.03 million, compared to an income tax credit of approximately RMB 1.0 million for the same period last year [76] - The company has maintained compliance with the GEM listing rules and has adopted corporate governance measures to enhance internal control systems [93] - The company has not engaged in any significant violations of applicable laws and regulations that would materially affect its business and operations during the reporting period [116] Shareholder Information - As of March 31, 2024, the company’s major shareholder, Spring Sea, holds 472,848,000 shares, representing 59.11% of the total shares [81] - Spring Sea holds approximately 59.11% of the company's issued share capital, with Mr. Dai and Ms. Song owning approximately 53.98% and 46.02% of Spring Sea, respectively [110] - As of March 31, 2024, at least 25% of the company's issued shares were held by public shareholders in accordance with GEM listing rules [88] Strategic Initiatives - The company aims to optimize its operations based on strategic adjustments and market changes, focusing on high-tech advancements while reducing energy consumption [39] - The company has chosen to abandon low-margin small customers in favor of stable, long-term quality clients due to factors such as war-related impacts on receivables [39] - The company is committed to developing new products and technologies to meet market demands, emphasizing quality and efficiency in production [39] - The company plans to enhance its R&D system and expand new product development to meet customer demand for environmentally friendly functional fabrics [78] - The company aims to adopt more environmentally friendly production methods and promote green development within the industry [79] - The company intends to diversify its existing business and explore high-tech projects to enhance profitability [79] - The company aims to expand its business and supply chain platform, hire unlimited business personnel, and implement a recruitment incentive plan to enhance talent acquisition [105] - The company plans to diversify its marketing model and explore online platforms such as Douyin and Taobao to increase market share and expand market space [105] Legal and Governance - The company has not engaged in any significant or potential legal proceedings or threats of litigation as of March 31, 2024 [87] - There have been no related party transactions or continuous related party transactions that require disclosure during the reporting period [120] - The company has established a share option scheme effective from February 26, 2019, allowing the board to grant options to eligible participants for a period of ten years [119] - The audit committee has reviewed the unaudited financial report for the three months ending March 31, 2024, and agreed that the accounting treatment and disclosures comply with current accounting standards and GEM listing rules [134] - The company's shares have been suspended from trading since April 2, 2024, pending the publication of the audited annual results for 2023 and compliance with resumption guidance [136] - The company has maintained compliance with all applicable provisions of the corporate governance code, except for a deviation regarding the separation of roles between the chairman and CEO [131] - The board believes that the current structure, including independent non-executive directors, does not impair the balance of power and authority within the company [132]

Financial Performance - Revenue decreased by 44.0% to approximately RMB 153.9 million compared to RMB 274.9 million in the same period last year[7] - Gross profit decreased by 8.7% to approximately RMB 17.8 million, with a gross margin of approximately 11.6% compared to 7.1% last year[7] - The loss attributable to equity holders of the company was approximately RMB 0.8 million, compared to a profit of approximately RMB 3.0 million in the previous year[7] - Basic loss per share was approximately RMB 0.09, compared to basic earnings of approximately RMB 0.38 per share last year[7] - Total comprehensive loss attributable to equity holders for the period was RMB 759,000, compared to a profit of RMB 3.0 million last year[8] - The company reported a decrease in sales and service costs to RMB 136.1 million from RMB 255.4 million year-on-year[8] - Revenue for the nine months ended September 30, 2023, was RMB 153.861 million, a decrease of 44% compared to RMB 274.861 million for the same period in 2022[21] - Sales of fabric products amounted to RMB 62.662 million, down 63% from RMB 168.568 million in the previous year[21] - Revenue from dyeing services was RMB 91.199 million, a decrease of 14% from RMB 106.293 million in 2022[21] - Other income totaled RMB 1.705 million, a decline of 48% from RMB 3.300 million in the same period last year[25] - The company reported a net loss of RMB 1.909 million from other gains and losses for the nine months ended September 30, 2023, compared to a gain of RMB 1.749 million in 2022[27] Expenses and Costs - Administrative expenses decreased to RMB 7.2 million from RMB 8.2 million year-on-year[8] - Research expenses remained relatively stable at RMB 7.0 million compared to RMB 7.2 million last year[8] - Interest expenses on bank loans were RMB 2.019 million, down from RMB 3.203 million in the previous year[27] - Sales and distribution expenses decreased by approximately RMB 0.8 million or 27.6% to about RMB 2.1 million for the nine months ended September 30, 2023, primarily due to reduced transportation costs[46] - Administrative expenses decreased by approximately RMB 1.0 million or 12.2% to about RMB 7.2 million for the nine months ended September 30, 2023, mainly due to a reduction in employee costs[49] - Financial costs decreased by approximately RMB 1.2 million or 37.5% to about RMB 2.0 million for the nine months ended September 30, 2023, primarily due to a reduction in bank borrowings[51] Corporate Governance and Shareholder Information - The board of directors resolved not to declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[7] - As of September 30, 2023, Spring Sea holds 472,848,000 shares, representing approximately 59.11% of the company's issued share capital[65] - Mr. Dai Shunhua and Ms. Song Xiaoying each own approximately 53.98% and 46.02% of Spring Sea, respectively[65] - Major shareholder Zhuang Yuelan owns 121,602,000 shares, representing 15.20% of the company[69] - The company has maintained at least 25% of its issued shares held by public shareholders according to GEM listing rules[73] - The board of directors is committed to high standards of corporate governance and has adopted measures to enhance internal control systems and ongoing professional training for directors[88] - The audit committee has reviewed the unaudited financial reports for the nine months ending September 30, 2023, and agreed that the accounting policies adopted are in compliance with current accounting standards[92] Business Strategy and Future Outlook - The company remains optimistic about future economic growth despite challenges, focusing on green and high-quality development strategies to maintain a competitive edge[57] - The company plans to expand its business and supply chain platform, recruit sales personnel without limits, and adopt new marketing models to increase market share[58] - The company aims to implement more environmentally friendly production methods and diversify its business to enhance profitability and adapt to market changes[60] - The company continues to focus on green and sustainable development, enhancing its environmental governance capabilities and responding to government initiatives on green manufacturing and energy conservation[35] Legal and Compliance - The company has not engaged in any significant legal disputes or potential lawsuits as of September 30, 2023[72] - The company did not purchase, sell, or redeem any of its listed securities during the nine-month period ending September 30, 2023[74] - The company has not entered into any related party transactions that require disclosure under GEM listing rules during the reporting period[77] Investments and Subsidiaries - The company completed the sale of shares in Zhejiang Changxing Rural Commercial Bank for a cash consideration of RMB 21,500,000, representing approximately 1.07% of the bank's issued share capital[80] - A new subsidiary has been established to develop general health business, including commercialization, manufacturing, and distribution of biotechnology and healthcare products, with the first step being the acquisition of distribution rights for a well-known brand in China[83] - The company agreed to sell its entire stake in Changxing Binli Industrial Co., Ltd. for RMB 37.8 million, representing 100% of the equity[85] Financial Position - As of September 30, 2023, the net proceeds from the company's listing amounted to approximately RMB 379 million, with specific allocations for various projects detailed in the report[86] - The company has utilized RMB 2.1 million of the proceeds for the purchase of dyeing machinery and equipment, while the total utilized amount remains at RMB 37.9 million[86] Employee Information - As of September 30, 2023, the company had a total of 385 employees, with total employee costs of approximately RMB 14.9 million, down from RMB 16.3 million in the previous year[61]

Narnia (Hong Kong) Group Company Limited 納尼亞(香港)集團有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8607) 截至二零二三年九月三十日止九個月的 第三季度業績公告 香 港 聯 合 交 易 所 有 限 公 司(「聯 交 所」)GEM之特色 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 的 公 司 一 般 為 中 小 型 公 司,在GEM買賣的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 無 法 保 證 在GEM買賣的證 券 會 有 高 流 通 量 的 市 場。 香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 對 本 公 告 的 內 容 概 不 負 責,對 其 準 ...

Revenue Performance - Revenue decreased by 38.1% to approximately RMB 103.8 million compared to RMB 167.6 million in the same period last year[9] - For the six months ended June 30, 2023, total revenue was RMB 103,808 thousand, a decrease of 38.2% compared to RMB 167,631 thousand for the same period in 2022[29] - Revenue from fabric sales was RMB 42,215 thousand, down 58.1% from RMB 100,532 thousand in the previous year[29] - Revenue from dyeing services was 61,593 thousand, which represents a decrease of 8.3% compared to RMB 67,099 thousand in the same period last year[29] - Revenue from fabric sales decreased by approximately RMB 58.3 million or 58.0% to about RMB 42.2 million, reflecting a reduction in total sales volume from approximately 19.1 million meters to about 9.9 million meters[75] - Revenue from dyeing services decreased by approximately RMB 5.5 million or 8.2% to about RMB 61.6 million, primarily due to a reduction in sales orders from existing customers[76] Profitability - Gross profit increased by 6.2% to approximately RMB 13.7 million, with a gross margin of approximately 13.2% compared to 7.7% last year[9] - Profit attributable to equity holders decreased by 52.6% to approximately RMB 0.9 million, with basic earnings per share down 54.2% to approximately RMB 0.11[9] - The company reported a total comprehensive income of approximately RMB 0.9 million for the period[10] - The company reported a total comprehensive income of RMB 875 thousand for the six months ended June 30, 2023, compared to RMB 1,883 thousand for the same period in 2022[14] - The company's profit before tax for the six months ended June 30, 2023, was RMB 880,000, down 55% from RMB 1,972,000 in 2022[41] - Basic earnings per share for the six months ended June 30, 2023, was RMB 0.11, a decline of 54% compared to RMB 0.24 in the same period of 2022[43] Dividends and Shareholder Returns - The board of directors decided not to declare any interim dividend for the six months ended June 30, 2023[9] - The company did not declare any interim dividends for the six months ended June 30, 2023, consistent with the previous year[45] Assets and Liabilities - Non-current assets decreased from RMB 132.9 million to RMB 88.6 million, primarily due to a reduction in property, plant, and equipment[11] - Current assets increased from RMB 120.1 million to RMB 128.7 million, with trade and other receivables rising to RMB 82.8 million[11] - Current liabilities decreased from RMB 125.9 million to RMB 91.3 million, with bank and other borrowings reduced to RMB 57.5 million[11] - The net current assets position improved from a deficit of RMB 5.8 million to a surplus of RMB 37.5 million[11] - The total equity as of June 30, 2023, was RMB 125,496 thousand, a slight decrease from RMB 126,404 thousand at the end of 2022[12] - The company’s non-current liabilities included deferred tax liabilities of RMB 653 thousand as of June 30, 2023[12] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2023, was a net cash outflow of RMB 6,529 thousand, compared to a net cash inflow of RMB 6,846 thousand in 2022[16] - The net cash generated from investing activities was RMB 9,257 thousand, a significant improvement from a net cash outflow of RMB 8,135 thousand in the previous year[16] - The cash and cash equivalents at the end of the period were RMB 8,774 thousand, an increase from RMB 3,764 thousand at the end of the same period last year[16] - Total borrowings were approximately RMB 57.5 million as of June 30, 2023, down from approximately RMB 82.9 million as of December 31, 2022[96] - The capital debt ratio was approximately 38.8% as of June 30, 2023, down from approximately 58.2% as of December 31, 2022[97] Expenses - Research expenses for the six months amounted to RMB 4.9 million, compared to RMB 4.2 million in the previous year[10] - Selling and distribution expenses decreased by approximately RMB 0.5 million or 26.3% to about RMB 1.4 million for the six months ended June 30, 2023, compared to approximately RMB 1.9 million for the same period in 2022, mainly due to reduced transportation and exhibition costs[82] - Administrative expenses decreased by approximately RMB 0.3 million or 5.3% to about RMB 5.4 million for the six months ended June 30, 2023, compared to approximately RMB 5.7 million for the same period in 2022, primarily due to a reduction in employee costs[84] - Financial costs decreased by approximately RMB 0.5 million or 23.8% to about RMB 1.6 million for the six months ended June 30, 2023, compared to approximately RMB 2.1 million for the same period in 2022, primarily due to a reduction in bank borrowings and a decrease in bank interest rates[86] Corporate Governance and Compliance - The board emphasizes high standards of corporate governance, focusing on integrity, transparency, accountability, and fairness to enhance shareholder value[72] - The company has adhered to all applicable provisions of the corporate governance code, except for a deviation regarding the separation of the roles of Chairman and CEO[137] - The audit committee, composed of independent non-executive directors, has reviewed the unaudited financial statements for the six months ending June 30, 2023[141] - The company has confirmed compliance with the trading standards set forth in the GEM listing rules for the six-month period ending June 30, 2023[138] - The company has no significant legal liabilities or ongoing litigation threats as of June 30, 2023[122] - The company has no major violations of applicable laws and regulations affecting its business and operations during the reporting period[121] Future Outlook and Strategy - The group aims to enhance its R&D system and expand new product development to meet customer demand for environmentally friendly functional fabrics[107] - The group plans to adopt new marketing strategies, including live streaming on platforms like Douyin and Taobao, to increase market share[108] - The group maintains a positive outlook on market prospects and aims for long-term growth through production capacity and competitive advantages[110] - The group will continue to diversify its business and explore high-tech projects to enhance profitability[110] Shareholder Information - Spring Sea holds 472,848,000 shares, representing approximately 59.11% of the company's issued share capital[118] - Major shareholder Zhuang Yuelan owns 121,602,000 shares, accounting for 15.20% of the company's total issued shares[119] - As of June 30, 2023, at least 25% of the issued shares are held by public shareholders in compliance with GEM listing rules[123] Use of Proceeds - The net proceeds from the listing amounted to approximately RMB 37.9 million, equivalent to about HKD 44.7 million[135] - As of June 30, 2023, the actual amount utilized from the net proceeds was RMB 2.1 million, with a total of RMB 37.9 million planned for various purposes[135] - RMB 5.2 million was used for the renovation of existing weaving factories, while RMB 10.4 million was allocated for the purchase of weaving machinery and equipment[135] - The company has revised its use of proceeds to include the purchase of a melt-blown fabric production line, with an allocation of RMB 8.5 million[135]

Narnia (Hong Kong) Group Company Limited 納尼亞(香港)集團有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8607) 截 至二零二三年六月三十日止六個月的 中期業績公告 香 港 聯 合 交 易 所 有 限 公 司(「聯 交 所」)GEM之特色 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 的 公 司 一 般 為 中 小 型 公 司,在GEM買賣的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 無 法 保 證 在GEM買賣的證 券 會 有 高 流 通 量 的 市 場。 香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 對 本 公 告 的 內 容 概 不 負 責,對 其 準 ...