Financial Performance - The company reported revenue of RMB 349,490,000 for the six months ended June 30, 2022, representing a 70.7% increase compared to RMB 204,537,000 for the same period in 2021[8]. - The cost of sales increased to RMB 355,468,000, up from RMB 196,152,000, resulting in a gross loss of RMB 5,978,000 for the first half of 2022[8]. - Other income rose significantly to RMB 12,763,000, compared to RMB 3,036,000 in the previous year, indicating a 320.5% increase[8]. - The company incurred a loss before tax of RMB 14,523,000, compared to a loss of RMB 6,283,000 in the same period last year, reflecting a 131.5% increase in losses[8]. - The net loss for the period was RMB 12,984,000, which is a 140.3% increase from RMB 5,392,000 in the first half of 2021[8]. - Basic and diluted loss per share for the period was RMB 1.31, compared to RMB 0.65 for the same period in 2021[10]. - The total comprehensive loss for the period amounted to RMB 12,954,000, compared to RMB 5,691,000 in the previous year, marking a 127.5% increase[10]. - The company reported a foreign exchange gain of RMB 30,000 from the translation of overseas operations, contrasting with a loss of RMB 299,000 in the previous year[8]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 445,716,000, a decrease of 5.1% from RMB 469,811,000 as of December 31, 2021[12]. - Non-current assets increased to RMB 165,131,000 from RMB 159,051,000, primarily due to an increase in property, plant, and equipment, which rose to RMB 142,849,000 from RMB 137,017,000[12]. - Current liabilities decreased to RMB 291,011,000 from RMB 303,345,000, with trade payables increasing significantly to RMB 99,526,000 from RMB 65,545,000[12]. - Total equity decreased to RMB 148,137,000 from RMB 161,091,000, reflecting a loss of RMB 12,013,000 during the period[13]. - Cash and cash equivalents decreased to RMB 2,112,000 from RMB 6,668,000, indicating a net decrease of RMB 4,556,000[18]. - The company’s borrowings increased to RMB 160,345,000 from RMB 166,658,000, indicating a slight reduction in debt levels[12]. - The total trade payables as of June 30, 2022, were RMB 99,526,000, an increase of 51.7% from RMB 65,545,000 as of December 31, 2021[62]. Revenue Breakdown - Revenue from wire and cable production and sales was RMB 113,224,000 for the six months ended June 30, 2022, compared to RMB 204,376,000 for the same period in 2021, indicating a decrease of about 44.6%[39]. - Revenue from aluminum product sales significantly increased to RMB 236,266,000 for the six months ended June 30, 2022, from RMB 161,000 for the same period in 2021, marking a substantial growth[39]. - The significant revenue growth was primarily driven by new product sales of cast rolled coils from Yaan Baosheng Metal Materials Co., Ltd., contributing approximately RMB 235.0 million[80]. Expenses and Costs - Financing costs increased to RMB 7,830,000, up from RMB 4,649,000, indicating a rise of 68.8%[8]. - The total employee costs for the six months ended June 30, 2022, amounted to RMB 8,024,000, representing a 33.2% increase from RMB 6,025,000 in the same period of 2021[48]. - Selling and distribution expenses rose by RMB 1.7 million or 106.6% due to increased sales activities during the period[85]. - Administrative and other expenses decreased to RMB 10,242,000 from RMB 11,489,000, showing a reduction of 10.9%[8]. - The financing costs increased from approximately HKD 4.6 million to HKD 7.8 million, primarily due to an increase in average borrowings during the period[87]. Cash Flow and Operating Activities - The company reported a net cash inflow from operating activities of RMB 15,569,000, compared to a cash outflow of RMB 14,482,000 in the same period last year[18]. - The current portion of secured bank borrowings increased to RMB 105,097,000 from RMB 98,300,000, reflecting a growth of 6.9%[64]. Shareholder Information - The chairman and CEO, Mr. Dang Fei, holds a 38.18% stake in the company, representing 351,280,000 shares[111]. - The major shareholder Red Fly Investment Limited holds 351,280,000 shares, representing 38.18% of the total issued share capital[114]. - The company has confirmed that there are no competing interests from its controlling shareholders or directors as of June 30, 2022[116]. Governance and Compliance - The group has adopted corporate governance principles in line with GEM listing rules, ensuring a balance of power and authority within the board[106]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2022, and believes they comply with applicable accounting standards and GEM Listing Rules[120]. Future Outlook and Strategy - The company is actively seeking opportunities to expand its influence in Southwest China, particularly in the aluminum industry, to reduce regional concentration[76]. - The company anticipates a gradual decrease in metal costs, benefiting from a 30% immediate VAT refund and local government subsidies[76]. - The company is developing a metal recycling system in collaboration with a licensed aluminum recycler, which is expected to attract more government subsidies in the future[77]. - The company’s financial performance for the second half of 2022 may be impacted by uncertainties related to the pandemic and economic recovery[77].

Financial Performance - The company reported revenue of RMB 142,115,000 for the first quarter of 2022, a 65% increase compared to RMB 85,987,000 in the same period of 2021[8]. - Gross profit for the first quarter was RMB 71,000, significantly down from RMB 4,621,000 year-on-year[8]. - The net loss for the period was RMB 4,353,000, compared to a net loss of RMB 2,986,000 in the first quarter of 2021, representing an increase in loss of approximately 46%[8]. - Basic and diluted loss per share for the period was RMB 0.49, compared to RMB 0.39 in the first quarter of 2021[8]. - Total comprehensive loss for the period was RMB 4,320,000, compared to RMB 2,941,000 in the same quarter of the previous year[8]. - For the three months ended March 31, 2022, the company recorded a loss attributable to owners of approximately RMB 4.53 million, compared to a loss of RMB 3.09 million for the same period in 2021[34]. - Loss attributable to owners was approximately RMB 4.5 million for the three months ended March 31, 2022, compared to RMB 3.1 million for the same period in 2021[52]. Revenue Breakdown - Revenue from the production and sales of aluminum products was RMB 101,435,000, while revenue from wire and cable production and sales was RMB 40,680,000 for the three months ended March 31, 2022[21]. - All revenue for the three months ended March 31, 2022, was generated from customers in mainland China, with no non-current assets located outside of this region[17]. - Revenue for the three months ended March 31, 2022, was approximately RMB 142.1 million, representing an increase of about 65.3% compared to RMB 85.99 million in the same period of 2021[42]. Costs and Expenses - The cost of inventory recognized as an expense was RMB 142,044,000, compared to RMB 81,366,000 in the previous year, marking an increase of 74.5%[27]. - The cost of sales increased from RMB 81.4 million for the three months ended March 31, 2021, to RMB 142.0 million for the same period in 2022, an increase of RMB 60.6 million or 74.6%[43]. - The loss before income tax for the period was impacted by an increase in employee costs, which rose to RMB 3,414,000 from RMB 2,989,000 year-on-year, an increase of 14.2%[27]. - Sales and distribution expenses increased by approximately RMB 552,000 or 66.9%, aligning with the revenue growth for the year 2022[48]. - Administrative and other expenses decreased from RMB 6.7 million to RMB 6.5 million, a reduction of RMB 281,000 or 4.2%, primarily due to a decrease in travel frequency[49]. Financing and Other Income - The company incurred financing costs of RMB 2,674,000, up from RMB 2,281,000 in the previous year[8]. - The company incurred financing costs of RMB 2,798,000 for the three months ended March 31, 2022, compared to RMB 2,449,000 in the same period last year, an increase of 14.2%[25]. - Other income and net other losses amounted to RMB 5,708,000, compared to RMB 1,917,000 in the same quarter of 2021[8]. - Other income and gains increased from approximately RMB 1.9 million for the three months ended March 31, 2021, to approximately RMB 5.7 million for the same period in 2022, primarily due to government subsidies[45]. - Interest income increased to RMB 618,000 from RMB 2,000 year-on-year, reflecting a substantial rise[24]. - The company received government grants totaling RMB 5,194,000, up from RMB 1,660,000 in the previous year, indicating a growth of 212.0%[24]. Equity and Shareholder Information - The company’s total equity as of March 31, 2022, was RMB 156,771,000, down from RMB 161,091,000 at the beginning of the year[10]. - The company’s major shareholders include Mr. Party Fei with 38.18% and Mr. Wang Xiaozhong with 10.84% of the shares[64]. - As of March 31, 2022, Red Fly holds 351,280,000 shares, representing 38.18% of the company's equity[67]. - Xseven Investment holds 99,760,000 shares, representing 10.84% of the company's equity[67]. - The company has disclosed that the major shareholders include Party Jun, who holds 351,280,000 shares, equivalent to 38.18%[68]. Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code during the reporting period[59]. - The audit committee, established on June 10, 2020, consists of three independent non-executive directors and has reviewed the financial statements for the three months ending March 31, 2022[75]. - The company confirms that there are no controlling shareholders or directors with interests in any competing businesses as of March 31, 2022[71]. - The company has adopted a share option scheme as of June 10, 2020, but no options have been granted, exercised, cancelled, or lapsed since the listing date[72]. Future Outlook and Strategy - The company plans to continue exploring market expansion opportunities and new product development strategies[8]. - The company continues to manufacture and sell wires and cables, serving a diverse customer base including power companies and manufacturing enterprises[37]. - The company is closely monitoring government policies to capitalize on opportunities in the aluminum industry, aiming to expand its influence in Southwest China[38]. - The company’s product offerings include traditional and specialty wires and cables, as well as semi-finished aluminum products, aimed at maximizing market exposure and expanding market share[37]. Miscellaneous - The company did not declare or pay any dividends for the three months ended March 31, 2022, consistent with the same period in 2021[33]. - No significant contingent liabilities were reported as of March 31, 2022[53]. - There were no significant investments, acquisitions, or disposals of subsidiaries during the reporting period[55]. - No significant events requiring disclosure occurred after March 31, 2022, up to the report date[73]. - The report will be available on the GEM website and the company's website for at least 7 days from the date of publication[77].

Financial Performance - The total revenue for the year ended December 31, 2021, was RMB 544.39 million, an increase of 5.2% compared to RMB 518.16 million in 2020[11]. - The company reported a loss before tax of RMB 30.65 million for 2021, compared to a profit of RMB 2.67 million in 2020[11]. - The net loss attributable to the owners of the company for the year was RMB 25.22 million, a significant decline from a profit of RMB 1.90 million in the previous year[11]. - For the year ended December 31, 2021, the company recorded a revenue of approximately RMB 544.4 million, an increase of about 5.1% compared to RMB 518.2 million for the year ended December 31, 2020[19]. - The company incurred a loss of approximately RMB 26.5 million for the year ended December 31, 2021, compared to a profit of approximately RMB 2.8 million for the year ended December 31, 2020[14]. - Gross profit for the year ended December 31, 2021, was RMB 6.1 million, with a gross profit margin of 1.1%, down from RMB 36.5 million and 7.0% in 2020[21]. - The group recorded a loss attributable to the owners of approximately RMB 25.2 million for the year, compared to a profit of approximately RMB 1.9 million in the same period of 2020, resulting in a net loss margin of approximately 4.9%[28]. Assets and Liabilities - Total assets increased to RMB 469.81 million in 2021, up from RMB 349.07 million in 2020, reflecting a growth of 34.5%[12]. - Current assets rose to RMB 310.76 million, compared to RMB 214.76 million in 2020, marking an increase of 44.7%[12]. - Total liabilities increased to RMB 308.72 million in 2021, up from RMB 172.93 million in 2020, representing an increase of 78.4%[12]. - The company’s total equity decreased to RMB 161.09 million in 2021 from RMB 176.14 million in 2020, reflecting a decrease of 8.5%[12]. - The net current asset position decreased to RMB 7.42 million in 2021 from RMB 49.22 million in 2020, indicating a decline in liquidity[12]. - The company's cash and cash equivalents decreased to RMB 6,668 thousand in 2021 from RMB 12,073 thousand in 2020, a decline of 44.2%[182]. - The total liabilities increased to RMB 308,720 thousand in 2021 from RMB 172,930 thousand in 2020, marking an increase of 78.3%[184]. - The company's equity decreased to RMB 161,091 thousand in 2021 from RMB 176,144 thousand in 2020, a decrease of 8.5%[184]. Investments and Acquisitions - The company acquired a 70% stake in Ya'an Baosheng Metal Materials Co., Ltd., which is expected to enhance its upstream aluminum processing activities[9]. - The company successfully issued 120,000,000 shares, raising approximately HKD 8.9 million, which was used to acquire 70% of Ya'an Baosheng Metal Materials Co., Ltd.[16]. - The net amount from the subscription proceeds was approximately HKD 8.9 million, fully utilized for acquiring a 70% stake in Yaan Baosheng[44]. Operational and Strategic Focus - The company aims to adapt positively to the new economic normal and seek opportunities amid challenges posed by the pandemic and geopolitical tensions[9]. - The company is actively monitoring opportunities in the aluminum industry and aims to expand its influence in Southwest China[17]. - The company plans to leverage government policies to drive growth and reduce regional concentration[17]. - The company is committed to sustainable development and aims to minimize the environmental impact of its business activities[95]. - The company is exploring new strategies for growth, including potential mergers and acquisitions to strengthen its market presence[143]. Governance and Compliance - The Compensation Committee was established on June 10, 2020, in accordance with GEM Listing Rules, with the main responsibility of reviewing and approving management's compensation proposals[58]. - The Nomination Committee was also established on June 10, 2020, to review the board's structure, size, composition, and diversity, and to recommend suitable candidates for directorship[63]. - The board has adopted a diversity policy to ensure a diverse range of skills, knowledge, and experience among its members, considering factors such as age, gender, and cultural background[69]. - The company has established effective internal control systems, including a sound monitoring environment and clear policies and procedures[86]. - The company has received independence confirmations from all independent non-executive directors as per GEM Listing Rules[128]. Risk Management - The group faced significant risks including raw material price fluctuations and reliance on customer sales without long-term contracts[39]. - The board of directors is responsible for maintaining a robust risk management and internal control system to protect shareholder investments[85]. Financial Reporting and Audit - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2021[163]. - The audit identified the assessment of impairment of trade receivables as a key audit matter due to the significant management judgment involved[167]. - The group’s financial reporting process is overseen by the board of directors, with the audit committee assisting in this responsibility[173]. Employee and Management - The group employed a total of 221 full-time employees as of December 31, 2021, with total employee benefit expenses of approximately RMB 12.2 million for the year[40]. - The management team has over 15 years of experience in the manufacturing, processing, and sales of electrical wires and cables, indicating strong industry expertise[141]. - The company has expanded its board of directors to include experienced professionals with backgrounds in finance, law, and business management, enhancing governance and strategic oversight[143][147].

中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 8623 第三季度報告 2021 香港聯合交易所有限公司（「聯交所」）的GEM特徵 GEM的定位乃為較於聯交所上市的其他公司帶有更高投資風險的中小型公司提供上 市的市場。有意投資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。 鑒於在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在聯交所主 板買賣的證券承受較大市場波動風險，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，概不對因報告全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 非執行董事 王海臣先生 獨立非執行董事 左新章博士 陳愛發先生 胡曉敏女士 公司秘書 胡遠平先生 合規主任 王小仲先生 中國蜀塔國際控股集團有限公司（「本公司」）的董事（「董事」）就此報告共同及個別地 承擔全部責任，其中包括 ...

中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 8623 2021 中期報告 中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited (Incorporated in the Cayman Islands with limited liability) Stock Code : 8623 2021 INTERIM REPORT China Saftower International Holding Group Limited 中國蜀塔國際控股集團有限公 司 Interim Report 2021 中期報告 C M Y CM MY CY CMY K ai162875106668_China Saftower IR2021 cover 6mm output.pdf 1 12/8/2021 下午2:51 香港聯合交易所有限公司（「聯交所」）的GEM特徵 GEM的定位乃為較於聯交所上市的其他公司帶有更高投資 ...

中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 8623 第一季度報告 2021 中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited (Incorporated in the Cayman Islands with limited liability) Stock Code : 8623 2021 FIRST QUARTERLY REPORT 香港聯合交易所有限公司（「聯交所」）的GEM特徵 GEM的定位乃為較於聯交所上市的其他公司帶有更高投資風險的中小型公司提供上 市的市場。有意投資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。 鑒於在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在聯交所主 板買賣的證券承受較大市場波動風險，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 ...

中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited China Saftower International Holding ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 8623 2020 年度報告 中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited (Incorporated in the Cayman Islands with limited liability) Stock Code : 8623 2020 ANNUAL REPORT Group Limited 中國蜀塔國際控股集團有限公 司 Annual Report 2020 年度報告 C M Y CM MY CY CMY K China Saftower AR2020 cover 12mm output.pdf 1 31/3/2021 下午2:36 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上市的市場，此等公司相比起其他聯交所上市的公司帶有較 ...

中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited (於開曼群島註冊成立的有限公司) 股份代號 : 8623 2020 2020 第三季度報告 THIRD QUARTERLY REPORT 中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited (Incorporated in the Cayman Islands with limited liability) Stock Code : 8623 C M Y CM MY CY CMY K ai160516421759_China Saftower 3Q2020 cover output.pdf 1 12/11/2020 下午2:56 香港聯合交易所有限公司（「聯交所」）的GEM特徵 GEM的定位乃為較於聯交所上市的其他公司帶有更高投資風險的中小型公司提供上 市的市場。有意投資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。 鑒於在GEM上市的公司一般為中小型公司，在GEM買賣 ...

中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited (於開曼群島註冊成立的有限公司) 股份代號 : 8623 2020 2020 中期報告 中國蜀塔國際控股集團有限公司 China Saftower International Holding Group Limited (Incorporated in the Cayman Islands with limited liability) Stock Code : 8623 INTERIM REPORT China Saftower International Holding Group Limited 中國蜀塔國際控股集團有限公 司 Interim Report 2020 中期報告 C M Y CM MY CY CMY K ai159704967545_China Saftower IR2020 cover 5mm output.pdf 1 10/8/2020 下午4:54 香港有限公司股票交易所的創業板特徵（「聯交所」） GEM的定位乃為較於聯交所上市的其他公司帶有更高投資風險 ...