Financial Performance - Revenue decreased by 45.7% to approximately RMB 42.1 million for the three months ended March 31, 2023 (2022: RMB 77.5 million) [7] - Gross profit decreased by 63.1% to approximately RMB 2.4 million (2022: RMB 6.5 million), with a gross margin of approximately 5.7% (2022: 8.4%) [7] - Loss attributable to equity holders of the company for the three months ended March 31, 2023, was approximately RMB 5.7 million (2022: profit of RMB 1.1 million) [7] - Basic loss per share was approximately RMB 0.72 (2022: basic earnings of RMB 0.14) [8] - Total comprehensive loss attributable to equity holders for the three months ended March 31, 2023, was RMB 5.7 million (2022: profit of RMB 1.1 million) [8] - The company reported a net loss before tax of RMB 6.76 million (2022: profit of RMB 1.23 million) [8] - Revenue for the three months ended March 31, 2023, was RMB 42,085 thousand, a decrease of 45.6% from RMB 77,456 thousand for the same period in 2022 [19] - Fabric sales revenue was RMB 17,133 thousand, down 58.4% from RMB 41,134 thousand in the previous year [19] - Revenue from dyeing services was RMB 24,952 thousand, a decrease of 31.1% compared to RMB 36,322 thousand in the prior year [19] - Other income totaled RMB (2,302) thousand, compared to RMB 1,223 thousand in the same period last year, indicating a significant decline [24] Expenses and Costs - Administrative expenses increased to RMB 3.34 million for the current period (2022: RMB 2.76 million) [8] - Research expenses rose to RMB 2.06 million (2022: RMB 1.54 million) [8] - Sales and service costs decreased from approximately RMB 710 million to about RMB 397 million, a reduction of approximately 44.1% due to lower raw material costs corresponding to decreased sales volume [38] - Administrative expenses increased by approximately RMB 5 million or 17.9% to about RMB 33 million compared to RMB 28 million for the same period in 2022 [43] - Research and development expenses increased by approximately RMB 6 million to about RMB 21 million, mainly due to increased use of different raw materials during testing and analysis [45] - Financial costs decreased by approximately RMB 2 million or 20% to about RMB 8 million compared to RMB 10 million for the same period in 2022 [46] Taxation - The company recorded a corporate income tax credit of RMB 1,014 thousand for the three months ended March 31, 2023, compared to an expense of RMB (109) thousand in the same period last year [27] - The effective corporate income tax rate for the company’s entities in China is 25%, with certain subsidiaries qualifying for reduced rates [28] - The company has not recognized any Hong Kong profits tax due to no assessable profits in Hong Kong for the reporting period [27] - For the three months ended March 31, 2023, the company's tax credit amounted to approximately RMB 1.0 million, primarily due to pre-tax losses, compared to a tax expense of approximately RMB 0.1 million for the same period in 2022 [47] Shareholder Information - As of March 31, 2023, Mr. Dai Shunhua and Ms. Song Xiaoying each hold approximately 59.11% of the company's issued share capital through Spring Sea, with Mr. Dai holding 472,848,000 shares [56] - The second largest shareholder, Zhuang Yuelan, owns 121,602,000 shares, accounting for 15.20% of the total issued shares [61] - As of March 31, 2023, Spring Sea holds 472,848,000 shares, representing approximately 59.11% of the company's issued share capital [61] Dividends - No dividend was declared for the three months ended March 31, 2023 (2022: nil) [7] - The board of directors resolved not to declare any dividends for the three months ended March 31, 2023, consistent with the previous year [50] Future Outlook and Strategy - The company remains optimistic about future economic recovery in China, focusing on green and high-quality development goals, and plans to enhance its R&D system to meet market demands for environmentally friendly functional fabrics [51] - The company aims to expand its business and supply chain platform, recruit unlimited sales personnel, and adopt new marketing models, including live streaming on platforms like Douyin and Taobao, to increase market share [53] - The company will actively pursue low-carbon circular production methods and diversify its business to improve profitability and adapt to market changes [53] - The company plans to optimize its product structure and enhance product quality by introducing innovative technologies and building a brand management system to gain a competitive advantage [51] - The company will continue to seek new opportunities and partnerships to expand its strategic resources and improve international collaboration [53] - The company emphasizes the importance of technological innovation to drive green development and enhance its market position [51] Corporate Governance - The company has complied with all applicable corporate governance codes during the reporting period, except for a deviation regarding the separation of the roles of Chairman and CEO [75] - The audit committee has been established in accordance with GEM Listing Rules and consists of independent non-executive directors [78] - The audit committee reviewed the unaudited financial report for the three months ended March 31, 2023, and agreed with the accounting treatment adopted by the company [78] - At least 25% of the issued shares are held by public shareholders, in compliance with GEM listing rules [65] - The company has not conducted any related party transactions during the reporting period [70] - There are no ongoing legal proceedings or potential lawsuits threatening the company as of March 31, 2023 [64] - The company has not engaged in any significant legal disputes or liabilities as of March 31, 2023 [64] - There are no significant post-reporting period events as of the report date [79] - The quarterly report for the three months ended March 31, 2023, will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange website [80] - The board of directors includes executive and independent non-executive directors, ensuring a diverse governance structure [82]

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 至二零二三年三月三十一日止三個月的 第一季度業績公告 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 ...

Financial Performance - For the fiscal year ending December 31, 2022, the total revenue was approximately RMB 348.7 million, representing a 5.8% increase compared to the previous year[5]. - The loss attributable to equity shareholders was approximately RMB 3.2 million, a decrease of 90.1% from the previous year's loss[10]. - The overall gross profit margin increased from 7.1% to 7.3% year-on-year[10]. - The basic loss per share was approximately RMB 0.39, down 90.2% compared to the previous year[10]. - Revenue from fabric sales was RMB 211.1 million, accounting for 60.5% of total revenue, while processing and dyeing service revenue was RMB 137.6 million, making up 39.5%[24]. - Revenue from fabric products increased by approximately RMB 17.5 million or 9.0% to approximately RMB 211.1 million for the year ended December 31, 2022, compared to approximately RMB 193.6 million for the year ended December 31, 2021[25]. - Revenue from processing and dyeing services increased by approximately RMB 1.5 million or 1.1% to approximately RMB 137.6 million for the year ended December 31, 2022, compared to approximately RMB 136.1 million for the year ended December 31, 2021[25]. - Cost of sales and services increased by approximately RMB 16.8 million or 5.5% to approximately RMB 323.1 million for the year ended December 31, 2022, compared to approximately RMB 306.3 million for the year ended December 31, 2021[27]. - Gross profit increased by approximately RMB 2.2 million or 9.4% to approximately RMB 25.6 million for the year ended December 31, 2022, compared to approximately RMB 23.4 million for the year ended December 31, 2021[28]. - Other income remained relatively stable at approximately RMB 3.8 million for the year ended December 31, 2022, compared to approximately RMB 3.8 million for the year ended December 31, 2021[31]. - Other gains and losses netted approximately RMB 1.4 million for the year ended December 31, 2022, compared to a loss of approximately RMB 22.4 million for the year ended December 31, 2021, a turnaround of approximately RMB 23.8 million[32]. Financial Position - The current ratio decreased by 12.0% to 0.95, while the quick ratio increased by 18.0% to 0.72[5]. - The debt-to-equity ratio improved by 6.3 percentage points to 58.2%[5]. - Total inventory decreased from approximately RMB 59.9 million as of December 31, 2021, to approximately RMB 29.2 million as of December 31, 2022, primarily due to reduced procurement of raw materials[46]. - Trade receivables increased from approximately RMB 25.5 million as of December 31, 2021, to approximately RMB 38.1 million as of December 31, 2022, driven by higher sales in the second half of the year[53]. - The net amount of trade receivables after provisions for losses was approximately RMB 30.1 million as of December 31, 2022, compared to RMB 21.9 million as of December 31, 2021[52]. - Trade payables increased to approximately RMB 28.7 million in 2022 from RMB 19.5 million in 2021, representing an increase of approximately RMB 9.2 million[64]. - The company's cash and cash equivalents were approximately RMB 9.3 million as of December 31, 2022, down from approximately RMB 10.8 million in 2021[71]. - Total borrowings amounted to approximately RMB 82.9 million as of December 31, 2022, compared to approximately RMB 94.6 million in 2021[73]. - The capital debt ratio decreased to approximately 58.2% in 2022 from 64.5% in 2021, mainly due to a reduction in bank borrowings by approximately RMB 11.7 million[74]. - The company's distributable reserves amounted to approximately RMB 533 million as of December 31, 2022, down from RMB 636 million in 2021[189]. Operational Efficiency - The company implemented seven automated systems and an energy monitoring integration system to enhance operational efficiency and support smart transformation[23]. - The company adjusted its workforce structure and optimized human resource management, merging two departments to improve operational efficiency[23]. - Average inventory turnover days improved from 68 days for the year ended December 31, 2021, to 50 days for the year ended December 31, 2022, mainly due to a decrease in average inventory[50]. - Average trade receivables turnover days decreased from 40 days for the year ended December 31, 2021, to approximately 33 days for the year ended December 31, 2022, due to a reduction in average trade receivables[58]. - The average trade payable turnover days decreased to 27 days in 2022 from 47 days in 2021, primarily due to a reduction in average trade payables[66]. Strategic Initiatives - The company has begun producing melt-blown fabric to diversify its revenue sources[24]. - The company plans to continue focusing on its development strategy to maintain a leading position amid fierce competition[17]. - The company is optimistic about future economic recovery in China, driven by the easing of pandemic restrictions and government policies to stimulate growth[17]. - The company aims to enhance corporate governance standards to create shareholder value and maximize returns[16]. - The group plans to focus on green high-quality development and enhance its R&D capabilities to meet market demands for environmentally friendly functional fabrics[86]. - The company is committed to expanding its production capacity and upgrading existing machinery and equipment at its Huzhou production center[93]. - The company is also exploring new production technologies and products as part of its strategic initiatives[93]. Corporate Governance - The board of directors is committed to high standards of corporate governance and has adopted the corporate governance code as per GEM listing rules[110]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced composition[112]. - The company has confirmed full compliance with the standards of conduct for securities trading as outlined in the GEM listing rules during the review year[111]. - The independent non-executive directors have provided annual confirmation of their independence, in accordance with GEM listing rules[115]. - The board has implemented a diversity policy to ensure a balanced mix of skills, experience, and perspectives among its members[122]. - The company has established three committees: audit, remuneration, and nomination, to oversee specific areas of governance[126]. - The board's diversity policy is reviewed annually by the nomination committee to ensure effective implementation[124]. - The company has a compliance officer, Mr. Dai Shunhua, overseeing regulatory adherence[120]. - The board has reviewed and monitored the training and professional development of directors and senior management[118]. Environmental and Social Responsibility - The company actively responded to national green low-carbon development initiatives, improving its environmental governance capabilities[12]. - The company emphasizes environmental sustainability and has implemented various green office measures to reduce waste and energy consumption[170]. - Charitable donations made by the company during the review year totaled approximately RMB 3 million, a decrease from RMB 6 million in 2021[191]. - The company emphasizes a strict anti-corruption policy, prohibiting unethical business practices and providing an anonymous reporting channel for employees[149]. Shareholder Information - The board decided not to declare any final dividend for the year ended December 31, 2022, consistent with the previous year[166]. - The company maintains a dividend policy that considers overall financial condition, cash requirements for future operations, and market conditions[158]. - The company has a share option plan that allows the board to grant options to eligible participants for a period of 10 years, starting from February 26, 2019[195]. - As of December 31, 2022, the total number of shares issued by the company is 800,000,000, with a maximum of 80,000,000 shares available for issuance under the share option plan, representing 10% of the issued share capital[197]. - No share options have been granted or exercised under the share option plan as of December 31, 2022[195].

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之特色 GEM的 定 位,乃 為 相 比 起 其 他 在 聯 交 所 上 市 的 公 司 帶 有 較 高 投 資 風 險 的 中 小 型 公 司 提 供 一 個 上 市 的 市 場。有 意 投 資 的 人 士 應了解投資於該等公司的潛在 風 險,並 應 經 過 審 慎 周 詳 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 ...

Revenue and Profitability - Revenue increased by 10.1% to approximately RMB 274.9 million compared to RMB 249.7 million in the previous year[8] - Profit attributable to equity holders decreased by 37.5% to approximately RMB 3.0 million, down from RMB 4.8 million in the previous year[8] - Basic earnings per share decreased by 36.7% to approximately RMB 0.38, compared to RMB 0.60 in the previous year[8] - Total comprehensive income attributable to equity holders for the nine months was RMB 3.0 million, down from RMB 4.8 million in the previous year[9] - The company recorded a pre-tax profit of RMB 3.1 million, down from RMB 5.9 million in the previous year[9] Gross Profit and Margins - Gross profit decreased by 29.9% to approximately RMB 19.5 million, with a gross margin of about 7.1%, down from 11.1% in the previous year[8] - Gross profit for the nine months ended September 30, 2022, was approximately RMB 19.5 million, down from RMB 27.8 million in the previous year, with gross margin decreasing from about 11.1% to 7.1%[43] Expenses - The company reported a decrease in administrative expenses to RMB 8.2 million from RMB 7.4 million in the previous year[9] - Sales and service costs rose from approximately RMB 221.8 million to RMB 255.4 million, an increase of about RMB 33.6 million or 15.1%, primarily due to higher average costs of raw materials and energy[41] - Administrative expenses rose by approximately RMB 0.8 million or 10.8% to about RMB 8.2 million for the nine months ended September 30, 2022, compared to RMB 7.4 million for the same period in 2021, mainly due to increased employee costs[49] - Research expenses for the nine months were RMB 7.2 million, slightly down from RMB 7.3 million in the previous year[9] - Financial costs decreased by approximately RMB 0.1 million or 3.0% to about RMB 3.2 million for the nine months ended September 30, 2022, compared to RMB 3.3 million for the same period in 2021, primarily due to reduced bank borrowings[51] Income Tax - The estimated income tax expense for the nine months was RMB (16,000), a decrease from RMB (1,116,000) in the previous year[28] - Income tax expense for the nine months ended September 30, 2022, was approximately RMB 0.02 million, a significant decrease from RMB 1.1 million for the same period in 2021[54] - The effective income tax rate for the Chinese entities is 25%, in line with the statutory corporate income tax rate[28] Dividends - The board resolved not to declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[8] - The company did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[33] Revenue Breakdown - Sales of fabric products amounted to RMB 168,568,000, up from RMB 148,071,000, representing a growth of 13.8% year-over-year[22] - Revenue from dyeing services was RMB 106,293,000, compared to RMB 101,603,000, reflecting a growth of 4.2% year-over-year[22] - Revenue from fabric sales was approximately RMB 168.6 million, up by about RMB 20.5 million or 13.8% from RMB 148.1 million in the previous year, with total fabric sales volume increasing from approximately 21.5 million meters to 24.2 million meters[39] - Revenue from dyeing services was approximately RMB 106.3 million, an increase of about RMB 4.7 million or 4.6% compared to RMB 101.6 million in the previous year, driven by increased sales orders from customers[40] Other Income and Gains - Other income increased to RMB 3.3 million from RMB 2.8 million in the previous year[9] - Other income for the nine months ended September 30, 2022, was approximately RMB 3.3 million, an increase of about RMB 0.5 million or 17.9% compared to RMB 2.8 million for the same period in 2021, primarily due to increased government subsidies[44] - Other gains for the nine months ended September 30, 2022, were approximately RMB 1.7 million, an increase of about RMB 5.4 million compared to a loss of RMB 3.7 million for the same period in 2021, mainly due to net gains from the sale of raw materials, foreign exchange gains, and property sales[45] Shareholding and Corporate Governance - As of September 30, 2022, Spring Sea holds 472,848,000 shares, representing approximately 59.11% of the company's issued share capital[70] - Mr. Dai Shunhua and Ms. Song Xiaoying each own approximately 53.98% and 46.02% of Spring Sea, respectively[70] - Summer Land Star Investment Limited holds 121,602,000 shares, accounting for 15.20% of the company's issued share capital[68] - Ms. Wang Yun has a controlled interest in 103,787,000 shares, which represents 12.97% of the company's issued share capital[68] - The company has not engaged in any significant legal disputes or potential lawsuits as of September 30, 2022[72] - At least 25% of the issued shares are held by public shareholders as of September 30, 2022, in compliance with GEM listing rules[73] - The company has adhered to all applicable provisions of the corporate governance code, except for a deviation regarding the separation of roles between the chairman and CEO[83] Future Plans and Strategies - The company is focusing on the development of green functional fabrics, with ongoing R&D efforts and the successful transition of postdoctoral researchers[36] - The company plans to enhance its R&D on green functional fabrics, expand its business team, and adopt new marketing strategies, including live streaming sales to increase market share[61] - The company aims to improve its overall competitiveness through technological reforms and safety management, with a focus on high-quality intelligent manufacturing processes in 2022[57] - The company is actively seeking new customers to increase market share while maintaining relationships with existing clients[35] - The company is adjusting production facilities and enhancing three dyeing production lines to improve operational efficiency[35] Financial Management and Utilization of Proceeds - The net proceeds from the listing amounted to approximately RMB 37.9 million, equivalent to about HKD 44.7 million[81] - As of September 30, 2022, the actual utilized amount from the net proceeds was approximately RMB 35.8 million, leaving a balance of RMB 2.1 million[81] - The expected usage time for the purchase of dyeing machinery and equipment has been postponed from December 2022 to March 2023 due to the pandemic[81] - The company allocated RMB 8.5 million for the establishment of a new weaving factory, which remains unused[81] - RMB 5.2 million was allocated for the renovation of existing weaving factories, fully utilized by September 30, 2022[81] - The company has committed RMB 10.4 million for the purchase of weaving machinery and auxiliary equipment, which has been fully utilized[81] - RMB 5.4 million was allocated for enhancing environmental protection infrastructure, fully utilized by September 30, 2022[81] - General working capital of RMB 3.8 million has been fully utilized[81] Audit and Compliance - The audit committee has reviewed the unaudited financial report for the nine months ended September 30, 2022, and agreed that the accounting policies adopted are in compliance with current accounting standards[87] - The company has not conducted any related party transactions that require disclosure under GEM listing rules during the reporting period[78] - There are no significant violations of applicable laws and regulations affecting the company's business and operations during the reporting period[71] - The company has not purchased, sold, or redeemed any of its listed securities during the nine-month period ending September 30, 2022[74]

(於開曼群島註冊成立的有限公司) 股份代號 : 8607 2022 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。 3 公司資料 4 業績摘要 5 未經審核簡明綜合損益及其他全面收益表 6 未經審核簡明綜合財務狀況表 8 未經審核簡明綜合權益變動表 9 未經審核簡明綜合現金流量表 10 未經審核簡明綜合財務報表附註 25 管理層討論及分析 34 其他資料 公司資料 董事 執行董事 戴順華先生 （主席） 宋曉英女士 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證券上市規則 ...

Financial Performance - Revenue increased by 1.3% to approximately RMB 77.5 million for the three months ended March 31, 2022, compared to RMB 76.5 million in the same period of 2021[9] - Gross profit decreased by 24.4% to approximately RMB 6.5 million, with a gross margin of about 8.4%, down from 11.3% in the previous year[9] - Profit attributable to equity holders decreased by 21.4% to approximately RMB 1.1 million, compared to RMB 1.4 million in the same period of 2021[9] - Basic earnings per share decreased by 17.6% to approximately RMB 0.14, down from RMB 0.17 in the previous year[9] - The company reported a pre-tax profit of RMB 1.23 million, down from RMB 1.92 million in the same period of 2021[10] - Total revenue for the three months ended March 31, 2022, was RMB 77,456,000, a slight increase from RMB 76,492,000 in the same period of 2021[20] - Fabric sales revenue was RMB 41,134,000, down 21.7% from RMB 52,581,000 in the previous year[20] - Revenue from dyeing services increased significantly to RMB 36,322,000, up 51.9% from RMB 23,911,000 in the prior year[20] - Gross profit for the three months ended March 31, 2022, was approximately RMB 65 million, down from RMB 86 million in the same period in 2021, with a gross margin decrease from approximately 11.3% to 8.4%[41] Expenses and Income - Other income increased to RMB 1.39 million from RMB 0.92 million year-on-year[10] - Research expenses decreased to RMB 1.54 million from RMB 2.24 million in the previous year[10] - Administrative expenses decreased to RMB 2.76 million from RMB 3.07 million in the previous year[10] - Interest income decreased to RMB 3,000 from RMB 286,000 in the previous year[25] - Selling and distribution expenses increased by approximately RMB 0.1 million or 9.1% to about RMB 12 million, mainly due to rising transportation costs[45] - Administrative expenses decreased by approximately RMB 0.3 million or 9.7% to about RMB 28 million compared to RMB 31 million in the same period in 2021[46] - Research and development expenses were approximately RMB 15 million, a decrease of RMB 7 million from RMB 22 million in the same period in 2021, mainly due to reduced use of different raw materials during testing[48] - Other income increased by approximately RMB 0.5 million to about RMB 14 million, primarily due to an increase in dividends from financial assets[43] Dividends and Shareholder Information - The board of directors decided not to declare any dividend for the three months ended March 31, 2022, consistent with the previous year[9] - The company did not declare any dividends for the three months ended March 31, 2022, consistent with the previous year[34] - As of March 31, 2022, Spring Sea held 472,848,000 shares, representing approximately 59.11% of the company's issued share capital[60] - Major shareholders include Spring Sea with 59.11%, Summer Land Star with 15.20%, and Wang Yun with 12.97% of the company's shares[64] Taxation - Income tax expense for the three months was RMB 109,000, significantly lower than RMB 536,000 in the previous year[30] - The effective tax rate for the company is 25%, with certain subsidiaries qualifying for reduced rates[30] - The company has been recognized as a "High-tech Enterprise," allowing it to benefit from a preferential tax rate of 15%[30] - The income tax expense for the three months ended March 31, 2022, was approximately RMB 0.1 million, with an effective tax rate of about 8.8%[50] Market and Strategic Outlook - The textile industry in China faced instability due to ongoing pandemic effects and international factors, impacting the company's business and leading to a decline in product sales profit[54] - The company plans to focus on high-quality product development, technological innovation, and sustainable industry leadership as part of its future strategy[57] - The company aims to enhance its research and development of green functional fabrics and expand its business team while adopting new marketing models, including live-streaming sales[57] - The company is committed to improving its information technology infrastructure, focusing on energy conservation and environmental protection, and completing the automation of production processes[57] - The company anticipates increased market competition and challenges in 2022, marking a critical year for implementing high-quality intelligent manufacturing processes[54] Corporate Governance and Compliance - The company has complied with all applicable provisions of the corporate governance code, except for a deviation regarding the separation of the roles of Chairman and CEO[80] - The audit committee has been established in accordance with GEM Listing Rules and consists of independent non-executive directors[83] - The audit committee reviewed the unaudited financial report for the three months ended March 31, 2022, and agreed with the accounting treatment adopted by the company[83] - The group has no significant or contingent liabilities, ongoing legal proceedings, or potential litigation threats as of March 31, 2022[68] - At least 25% of the issued shares are held by public shareholders in accordance with GEM listing rules[69] Share Transactions and Proceeds - The net proceeds from the public offering and placement of shares amount to approximately RMB 37.9 million (equivalent to about HKD 44.7 million) after deducting underwriting commissions and related expenses[77] - As of March 31, 2022, the group has utilized approximately RMB 35.8 million of the net proceeds, leaving a remaining balance of approximately RMB 2.1 million[77] - The expected usage time for the purchase of dyeing machinery and auxiliary equipment has been postponed to December 2022 due to the pandemic[79] - The company has not engaged in any related party transactions or ongoing related party transactions during the reporting period[74] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[70] - The company has not granted any share options under the share option scheme since its adoption[73] Reporting and Communication - The quarterly report for the three months ended March 31, 2022, will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange website[85] - There are no significant post-reporting period events as of the report date[84] - The board of directors includes executive directors Dai Shunhua and Song Xiaoying, and independent non-executive directors Liu Bo, Song Jun, and Yu Zhongliang[87]

Financial Performance - Revenue increased by 30.4% to approximately RMB 249.7 million compared to RMB 191.5 million in the same period last year[9] - Gross profit rose by 61.6% to approximately RMB 27.8 million, with a gross margin of about 11.1% compared to 9.0% last year[9] - The profit attributable to equity holders of the company was approximately RMB 4.8 million, a significant turnaround from a loss of RMB 16.1 million in the previous year[9] - Basic earnings per share were approximately RMB 0.60, compared to a loss per share of RMB 2.01 in the same period last year[9] - Total comprehensive income for the period was RMB 4.8 million, a recovery from a total comprehensive loss of RMB 16.1 million in the prior year[10] - The company reported a pre-tax profit of RMB 5.9 million, compared to a pre-tax loss of RMB 16.8 million in the same period last year[10] - Total revenue for the nine months ended September 30, 2021, was approximately RMB 249.7 million, an increase of about RMB 58.2 million or 30.4% compared to RMB 191.5 million for the same period in 2020[40] Revenue Breakdown - Revenue from fabric sales was RMB 101,603,000, up from RMB 100,222,000 year-over-year, while revenue from dyeing services surged to RMB 148,071,000 from RMB 91,273,000[23] - Revenue from dyeing services increased by approximately RMB 56.8 million or 62.2% to approximately RMB 148.1 million, primarily due to an increase in dyeing service sales orders from customers during the reporting period[42] Expenses and Costs - Administrative expenses increased slightly to RMB 7.4 million from RMB 7.9 million year-on-year[10] - Sales and service costs increased from approximately RMB 174.3 million for the nine months ended September 30, 2020, to approximately RMB 221.8 million for the nine months ended September 30, 2021, representing an increase of approximately RMB 47.5 million or 27.3%[43] - Selling and distribution expenses increased by approximately RMB 1.2 million or 75.0% from approximately RMB 1.6 million to approximately RMB 2.8 million for the nine months ended September 30, 2021, mainly due to rising transportation costs[48] - Administrative expenses decreased by approximately RMB 0.5 million or 6.3% from approximately RMB 7.9 million to approximately RMB 7.4 million for the nine months ended September 30, 2021, primarily due to a reduction in professional service fees[51] - Research and development expenses slightly decreased to approximately RMB 7.3 million for the nine months ended September 30, 2021, from approximately RMB 7.5 million for the same period in 2020[52] - Financial costs decreased by approximately RMB 0.7 million or 17.5% from approximately RMB 4.0 million to approximately RMB 3.3 million for the nine months ended September 30, 2021, due to reduced bank borrowings and lower interest rates[53] Shareholder Information - As of September 30, 2021, Spring Sea holds 472,848,000 shares, representing approximately 59.11% of the company's issued share capital[64] - Major shareholders include Spring Sea with 59.11%, Summer Land Star Investment Limited with 15.20%, and Wang Yun with 12.97% of the company's shares[69] - The company has maintained at least 25% of its issued shares held by public shareholders as of September 30, 2021[74] Corporate Governance - The company has adhered to all applicable provisions of the corporate governance code during the nine months ending September 30, 2021, with one exception regarding the separation of roles between the chairman and CEO[85] - The audit committee has reviewed the unaudited financial report for the nine months ending September 30, 2021, and agreed that the accounting treatment adopted is in compliance with current accounting standards and GEM listing rules[89] - The company is committed to maintaining high standards of corporate governance and creating value for shareholders[85] Future Plans and Investments - The company plans to focus on expanding the production of epidemic prevention materials and increasing market share of leading products while navigating a competitive market environment[59] - The company will increase R&D investment in green functional fabrics to expand its business team and enhance market share and product gross margin[62] - The company aims to phase out high-energy-consuming and low-efficiency production equipment, introducing new equipment with lower energy consumption and higher production efficiency[62] - The company plans to further explore the application range of melt-blown fabrics, including but not limited to masks, disposable towels, bath towels, and facial masks[62] Legal and Compliance - There were no significant legal claims or potential lawsuits against the company as of September 30, 2021[73] - The company did not engage in any related party transactions during the reporting period[79] - No stock options were granted under the stock option plan during the nine months ended September 30, 2021[77] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[75] Financial Position - The company maintained a strong financial position with total equity attributable to owners of the company at RMB 166.2 million as of September 30, 2021[11] - The effective corporate income tax rate for the company is 25%, with certain subsidiaries qualifying for reduced rates due to their status as high-tech enterprises[31] Other Financial Information - Other income totaled RMB 2,819,000, a decrease of 27.2% compared to RMB 3,871,000 in the previous year[27] - The company reported a loss of RMB 3,729,000 from other gains and losses, significantly improved from a loss of RMB 16,820,000 in the same period last year[29] - Interest income increased to RMB 294,000 from RMB 261,000 year-over-year, while government grants decreased to RMB 1,333,000 from RMB 2,018,000[27] - The company has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on its financial performance[20] - The company’s management believes that the revisions to the International Financial Reporting Standards effective after December 31, 2021, will not have a significant impact on its performance and financial position[18] - The company operates primarily in China, with all non-current assets located in the region[21] - The financial data is prepared in accordance with International Financial Reporting Standards and complies with the relevant disclosure requirements of the Hong Kong Companies Ordinance and GEM Listing Rules[16] Post-Reporting Events - There are no significant events occurring after the reporting period as of the report date[90]

(於開曼群島註冊成立的有限公司) 股份代號 : 8607 2021 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證券上市規則（「GEM上市規則」）而刊載，旨在提供有關納尼 亞（香港）集團有限公司（「本公司」，及其附屬公司，統稱「本集團」或「我們」）的資料；本公司的 董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後， 確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或 ...

Financial Performance - Revenue increased by 44.9% to approximately RMB 765 million compared to RMB 528 million in the same period last year[9] - Gross profit rose by 53.6% to approximately RMB 86 million, with a gross margin of about 11.3% compared to 10.6% in the previous year[9] - The profit attributable to equity holders for the period was approximately RMB 14 million, a turnaround from a loss of RMB 23 million in the same period last year[9] - Basic earnings per share were approximately RMB 0.17, compared to a loss per share of RMB 0.29 in the previous year[9] - Total comprehensive income attributable to equity holders was RMB 1.379 million, compared to a loss of RMB 2.336 million in the previous year[10] - The company reported a pre-tax profit of RMB 1.915 million, compared to a pre-tax loss of RMB 2.263 million in the previous year[10] - The company reported a pre-tax profit of RMB 1,915 thousand for the three months ended March 31, 2021, compared to a loss of RMB 2,263 thousand in the same period of 2020[30] - Basic earnings per share for the three months ended March 31, 2021, was RMB 0.17, compared to a loss of RMB 0.29 per share in the same period of 2020[32] - Profit attributable to equity holders for the three months ended March 31, 2021, was approximately RMB 1.4 million, a turnaround from a loss of approximately RMB 2.3 million in the same period of 2020[49] Revenue Breakdown - Revenue for the three months ended March 31, 2021, was RMB 76,492,000, an increase of 45.0% compared to RMB 52,796,000 for the same period in 2020[20] - Fabric sales revenue was RMB 52,581,000 for the three months ended March 31, 2021, up 67.2% from RMB 31,430,000 in the same period of 2020[20] - Dyeing service revenue was RMB 23,911,000 for the three months ended March 31, 2021, an increase of 11.3% compared to RMB 21,366,000 in the same period of 2020[20] - Sales revenue from fabric increased by approximately RMB 212 million or 67.5% to about RMB 526 million, reflecting an increase in sales volume from approximately 5.8 million meters to about 9.4 million meters[37] Expenses and Costs - The cost of sales and services rose from approximately RMB 472 million to about RMB 679 million, an increase of approximately 43.9%, primarily due to higher raw material costs[38] - Research expenses increased to RMB 2.24 million from RMB 1.726 million in the previous year[10] - Research expenditure for the three months ended March 31, 2021, was approximately RMB 2.2 million, an increase of RMB 0.5 million or 29.4% compared to RMB 1.7 million in 2020[46] - Bank loan interest expense for the three months ended March 31, 2021, was RMB 1,000,000, down 15.9% from RMB 1,188,000 in the same period of 2020[27] - Corporate income tax expense for the three months ended March 31, 2021, was RMB 536,000, significantly higher than RMB 73,000 in the same period of 2020[28] - Income tax expense for the three months ended March 31, 2021, was approximately RMB 0.5 million, with an effective tax rate of 28.0%[48] Dividends and Shareholder Information - The board of directors decided not to declare any dividends for the period, consistent with the previous year[9] - The company did not declare any dividends for the three months ended March 31, 2021, consistent with the previous year[33] - Spring Sea holds 472,848,000 shares, representing approximately 59.11% of the company's issued share capital[62] - Summer Land Star owns 121,602,000 shares, accounting for 15.20% of the total issued shares[62] - Wang Yun has a controlled interest in 103,787,000 shares, which is 12.97% of the company's issued share capital[62] Corporate Governance and Compliance - The company has not engaged in any significant legal disputes or liabilities as of March 31, 2021[64] - At least 25% of the issued shares are held by public shareholders in compliance with GEM listing rules[65] - The company has not granted any share options under the share option scheme since its adoption[69] - The board of directors has adhered to the corporate governance code and has implemented measures to enhance internal controls[76] - The audit committee has been established in accordance with GEM Listing Rules and is responsible for overseeing the reliability of financial statements and the audit process[79] - The audit committee reviewed the unaudited financial report for the three months ending March 31, 2021, and agreed with the accounting policies adopted by the company[79] Future Plans and Strategies - The company plans to expand the production of epidemic prevention materials and increase market share of leading products while actively exploring applications for meltblown fabric[52] - The company aims to enhance R&D for green functional fabrics and improve product gross margins through new product development[52] - The company intends to phase out high-energy-consuming production equipment and introduce more energy-efficient machinery[52] - The company has focused on developing and promoting new products, particularly green functional fabrics, which have gained market traction[35] - The company has established a stable production line for melt-blown fabric, which is in high demand due to its use in pandemic-related equipment[35] Financial Position - The company’s total equity as of March 31, 2021, was RMB 162.776 million, a decrease from RMB 168.811 million at the same time last year[11] - The net proceeds from the listing amounted to approximately RMB 379 million (equivalent to about HKD 447 million), with RMB 358 million utilized by March 31, 2021[74] - The remaining balance of the net proceeds is approximately RMB 21 million as of March 31, 2021[74] Other Income - Other income for the period was RMB 924,000, down from RMB 1.895 million in the previous year[10] - Other income totaled RMB 924,000 for the three months ended March 31, 2021, a decrease of 51.2% from RMB 1,895,000 in the same period of 2020[25] - Other income decreased to approximately RMB 0.9 million from RMB 1.9 million, primarily due to a reduction in dividends from financial assets[41] Foreign Exchange and Financial Costs - Foreign exchange gain for the three months ended March 31, 2021, was RMB 122,000, compared to a loss of RMB 3,185,000 in the same period of 2020[26] - Financial costs decreased to approximately RMB 1.0 million for the three months ended March 31, 2021, down RMB 0.2 million or 16.7% from RMB 1.2 million in 2020, primarily due to a reduction in average bank loan interest rates[47]