Revenue Growth - The company reported a revenue increase of 32% year-over-year, reaching $1.5 billion in Q3 2023[6] - The company reported a revenue of $1.5 billion for Q3 2023, representing a 15% year-over-year growth[11] - The company reported a revenue increase of 7% year-over-year, reaching $1.5 billion in Q3 2023[16] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[21] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[36] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[45] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[49] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[54] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[57] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[62] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[79] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[86] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[100] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[109] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[120] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[123] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[137] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[145] - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[149] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[154] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[160] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[168] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[197] User Growth - User growth accelerated, with a total of 5 million new users added in the last quarter, representing a 20% increase[6] - User base increased to 10 million active users, a 20% increase compared to the previous quarter[11] - User data showed a growth of 15% in active users, totaling 25 million by the end of the quarter[16] - User data showed a growth of 20% in active users, totaling 10 million users by the end of the quarter[32] - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[41] - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[62] - User data showed a growth of 20% in active users, totaling 10 million users by the end of the quarter[57] - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[79] - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[100] - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[109] - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[120] - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[182] Product Launches - New product launches are anticipated to drive further growth, with three major products set to be released in the next quarter[6] - New product launch is scheduled for Q1 2024, which is anticipated to drive additional revenue growth[11] - New product launches contributed to a 20% increase in sales, with the latest product line accounting for $300 million in revenue[16] - New product launches contributed to a 25% increase in sales, with the latest product line accounting for $300 million in revenue[25] - New product launches contributed to a 30% increase in sales, with the latest product line accounting for $300 million in revenue[36] - New product launches included a premium subscription service, expected to contribute an additional $200 million in annual revenue[79] - New product launches included a flagship device that contributed to a 30% increase in sales compared to the previous model[137] - New product launches included a flagship device that contributed to a 30% increase in sales compared to the previous quarter[149] Market Expansion - Market expansion plans include entering two new international markets by the end of 2023, aiming for a 15% market share in those regions[6] - Market expansion plans include entering three new countries by the end of 2024, targeting a 25% increase in market share[11] - The company is expanding its market presence in Asia, targeting a 25% increase in market share by the end of 2024[16] - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[24] - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[41] - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[49] - Market expansion efforts have led to a 40% increase in sales in the Asia-Pacific region[100] - Market expansion efforts have led to a 30% increase in sales in the Asia-Pacific region[137] - The company plans to enter new markets in Europe, targeting a 15% market share within the next two years[145] Strategic Acquisitions - The company completed a strategic acquisition of a smaller tech firm for $300 million, expected to enhance its product offerings[6] - The company completed a strategic acquisition of a smaller tech firm for $300 million to bolster its product offerings[11] - The company completed a strategic acquisition, enhancing its product portfolio and expected to generate an additional $200 million in annual revenue[16] - The company announced a strategic acquisition of a smaller competitor for $200 million, expected to close by Q4 2023[25] - The company completed a strategic acquisition of a smaller competitor for $200 million to enhance its product offerings[49] - The company completed a strategic acquisition of a smaller tech firm for $200 million to enhance its product offerings[62] - The company completed a strategic acquisition of a smaller tech firm for $50 million to enhance its product offerings[100] - The company completed a strategic acquisition of a smaller tech firm for $150 million to enhance its product offerings[195] Customer Satisfaction and Retention - Customer retention rates improved to 85%, up from 80% in the previous quarter, reflecting better user engagement strategies[6] - Customer retention rate improved to 85%, up from 80% in the previous quarter[11] - Customer retention rates improved to 90%, reflecting successful engagement strategies implemented in the last quarter[16] - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[22] - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[36] - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[41] - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[45] - Customer satisfaction ratings improved to 90%, reflecting the success of recent product enhancements and customer service initiatives[125] - Customer satisfaction ratings improved by 15%, reflecting the positive impact of recent product updates and customer service enhancements[173] Research and Development - The company is investing heavily in R&D, allocating $200 million for new technology development in 2024[6] - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience[11] - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[22] - Research and development expenses increased by 12%, totaling $150 million, focusing on innovative technologies[16] - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[29] - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[54] - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[62] - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience and product functionality[196] Marketing Strategies - The company plans to implement a new marketing strategy that is projected to increase brand awareness by 25% over the next year[6] - The company plans to implement a new marketing strategy focusing on digital channels, aiming for a 30% increase in customer engagement[11] - A new marketing strategy is projected to increase brand awareness by 40% over the next year[49] - A new marketing strategy was introduced, focusing on digital channels, which is expected to increase customer engagement by 30%[79] - A new marketing strategy has been implemented, resulting in a 15% increase in customer engagement[120] - A new marketing strategy was implemented, resulting in a 15% increase in customer engagement across digital platforms[149] Financial Health - Operating expenses increased by 10% due to higher marketing and R&D investments, but the company remains committed to long-term growth[6] - Operating margin improved to 25%, up from 22% in the previous quarter, reflecting better cost management[11] - The company reported a net profit margin of 12%, up from 10% in the previous quarter[45] - The gross margin improved to 45%, up from 40% in the previous quarter, reflecting better cost management[86] - The gross margin improved to 45%, up from 42% in the previous quarter, indicating improved operational efficiency[124] - The company reported a 5% decrease in operational costs, contributing to improved profitability[137] - Total assets increased by 18% to $2.5 billion, reflecting strong financial health[182]

Financial Performance - The company announced its audited annual results for the year ending December 31, 2024[2]. - The report complies with the GEM Listing Rules regarding preliminary announcements of annual results[2]. - The board of directors confirmed that the information provided is accurate and complete in all material aspects[3]. - The company reported a revenue growth of 32% year-over-year[10]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[18]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[23]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[40]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[49]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[61]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[83]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[110]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[124]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[141]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[196]. Market Expansion - The company operates under the GEM market, which is designed for small to medium-sized enterprises, indicating higher investment risks[4]. - Market expansion plans include entering three new international markets by Q3 2024[11]. - The company plans to enter two new international markets by the end of Q4 2023, aiming for a 5% market share in each[22]. - The company plans to enter two new international markets by the end of 2024, aiming for a 15% increase in global sales[25]. - The company is expanding its market presence in Asia, targeting a 20% market share by the end of 2024[40]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[23]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[47]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[49]. - Market expansion efforts in Asia resulted in a 30% increase in market share, with significant growth in the Southeast Asian region[143]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share by the end of 2024[200]. Research and Development - The company is investing heavily in R&D, with a budget increase of 20% for new technology development[12]. - The company invested $50 million in R&D for new technologies aimed at enhancing user experience[21]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[26]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[34]. - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience and product performance[30]. - Research and development expenses increased by 12%, totaling $150 million, focusing on innovative technologies[40]. - Research and development expenses increased by 12%, totaling $150 million, focusing on innovative technologies[60]. - Research and development expenses increased by 12%, amounting to $150 million, focusing on innovative technologies[192]. Customer Engagement and Satisfaction - User engagement metrics showed a significant increase, with a 7% rise in active users[10]. - Customer satisfaction ratings improved by 10% following recent service enhancements[11]. - Customer satisfaction ratings increased to 90%, indicating strong user engagement and loyalty[20]. - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[23]. - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the previous quarter[66]. - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[110]. - Customer satisfaction ratings improved to 90%, reflecting improvements in service and product quality[186]. - Customer retention rates improved to 85%, reflecting a 5% increase from the previous quarter[40]. - Customer retention rates improved to 85%, reflecting successful engagement strategies implemented during the quarter[59]. - Customer retention rates improved to 85%, reflecting a 5% increase from the previous quarter[192]. Strategic Acquisitions - The company is considering strategic acquisitions to enhance its product offerings and market share[10]. - The company completed a strategic acquisition of a smaller tech firm for $200 million to enhance its product offerings[19]. - The company announced a strategic acquisition of a smaller competitor for $200 million, expected to close by Q4 2023[25]. - The company completed a strategic acquisition of a smaller tech firm for $200 million, expected to enhance its product offerings[51]. - The company completed a strategic acquisition of a smaller tech firm for $500 million, aimed at enhancing its product offerings[110]. - The company completed a strategic acquisition of a smaller tech firm for $100 million, enhancing its product offerings[175]. - The company announced a strategic acquisition of a smaller competitor for $200 million to enhance its product offerings[192]. Financial Guidance - The company provided a positive outlook for the next quarter, projecting a revenue increase of 15%[11]. - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $1.65 billion[22]. - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues between $1.65 billion and $1.75 billion[34]. - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues between $1.65 billion and $1.75 billion[40]. - The company provided guidance for Q4 2023, expecting revenue between $1.3 billion and $1.5 billion, representing a growth of 10% to 20%[66]. - The company provided guidance for Q4 2023, expecting revenue to be between $1.6 billion and $1.8 billion, indicating a potential growth of 20%[110]. - The company provided guidance for the next quarter, expecting revenue to be between $1.3 billion and $1.5 billion, indicating a potential growth of 8% to 25%[166]. - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues between $1.3 billion and $1.4 billion[180]. Operational Efficiency - The company aims to reduce operational costs by 5% through efficiency improvements[12]. - The gross margin improved to 45%, up from 42% in the previous quarter, reflecting better cost management[18]. - Cost reduction strategies have improved operating margins by 5%, now standing at 20%[26]. - The company reported a 5% decrease in operational costs due to improved efficiency measures implemented in the last quarter[34]. - The company reported a 5% decrease in operational costs, improving overall profit margins[47]. - The company reported a 5% decrease in operational costs due to improved efficiency measures[124]. - Cost management strategies have led to a 5% reduction in operational expenses, improving overall profitability[175]. - Operational efficiency initiatives have reduced costs by 5%, contributing to improved profit margins[160]. Marketing Strategies - A new marketing strategy was implemented, resulting in a 15% increase in customer engagement metrics[31]. - The company plans to invest $100 million in marketing to support the upcoming product launches[40]. - A new marketing strategy is expected to increase brand awareness by 40% over the next year[53]. - The company plans to implement a new marketing strategy with a budget increase of 20% to enhance brand visibility[66]. - A new marketing strategy was implemented, leading to a 15% increase in customer engagement metrics[181]. - The company plans to increase its marketing budget by 20% to support new product launches and market penetration[175].

Financial Performance - The Group's revenue for the six months ended June 30, 2024, was RMB 12,405,000, a decrease of 20.5% compared to RMB 15,677,000 for the same period in 2023[24] - The Group reported a gross profit of RMB 7,453,000, resulting in a gross margin of approximately 60%[24] - The net profit attributable to the owners of the Company for the period was RMB 687,000, compared to a loss of RMB 169,000 in the same period last year[24] - For the six months ended June 30, 2024, the company reported total revenue of RMB 12,405,000, a decrease of 20.5% compared to RMB 15,677,000 for the same period in 2023[40] - The company recorded a net profit of approximately RMB 0.6 million for the six months ending June 30, 2024, compared to a net loss of approximately RMB 0.2 million for the same period in 2023, primarily due to effective cost control measures[68] Assets and Liabilities - The Group's total assets as of June 30, 2024, were RMB 110,063,000, compared to RMB 104,717,000 as of June 30, 2023, indicating a growth of 5.1%[27] - The current liabilities decreased to RMB 23,115,000 from RMB 18,182,000, showing an increase of 27.5%[27] - The Group's total equity increased to RMB 88,062,000 from RMB 87,448,000, reflecting a growth of 0.7%[27] - Trade and other receivables increased to RMB 9,892,000 from RMB 5,060,000, reflecting a growth of 95.5% year-on-year[27] - Trade receivables increased to RMB 8,473,000 as of June 30, 2024, from RMB 4,460,000 as of June 30, 2023, reflecting an increase of approximately 90.3%[55] - The net trade receivables after expected credit loss provisions were RMB 7,194,000 for the six months ended June 30, 2024, compared to RMB 3,784,000 for the same period in 2023, representing an increase of about 90.3%[55] - The expected credit loss provision for trade receivables was RMB 1,279,000 as of June 30, 2024, compared to RMB 676,000 as of June 30, 2023, indicating an increase of approximately 89%[55] Cash Flow and Financing - The company incurred a net cash outflow from operating activities of RMB 6,609,000, compared to RMB 6,404,000 for the same period in 2023, indicating a slight increase in cash used[31] - The company received RMB 1,989,000 from a shareholder during financing activities, an increase from RMB 976,000 in the previous year[31] - Total cash and cash equivalents at the end of the period were RMB 99,804,000, up from RMB 90,930,000 at the end of June 2023[31] - The company’s cash flow from financing activities generated a net cash inflow of RMB 6,797,000, compared to RMB 857,000 in the same period of 2023[31] - As of June 30, 2024, the company's cash and cash equivalents were approximately RMB 99.8 million, compared to RMB 99.5 million as of December 31, 2023[79] Expenses - The company’s expenses related to project costs were RMB 4,952,000, a decrease from RMB 6,651,000 in the same period of 2023[44] - Employee benefits expenses, including salaries and allowances, were RMB 3,427,000, down from RMB 5,194,000 in the previous year[44] - Project costs decreased by approximately RMB 1.7 million or 25.5% to about RMB 5.0 million for the six months ending June 30, 2024, aligning with the revenue decline[71] - Employee benefit expenses decreased by approximately RMB 2.3 million or 35.4% to about RMB 4.3 million for the six months ending June 30, 2024, due to a reduction in the number of employees[72] - Other operating expenses increased by approximately RMB 0.5 million or 30.7% to about RMB 1.1 million for the six months ending June 30, 2024, corresponding with the revenue decrease[73] Corporate Governance and Compliance - The company has complied with all applicable codes of corporate governance as per GEM listing rules[135] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, confirming compliance with applicable accounting standards[139] Future Plans and Strategies - The Group plans to enhance its market presence and explore new product development strategies in the upcoming quarters[24] - The company plans to establish new branches in Wuxi and Beijing, with a total recruitment of 33 employees, including 3 business managers and 17 event management/design personnel[96] - The company will continue to conduct marketing activities across various cities in China to attract potential clients and increase brand awareness[99] - The board remains cautious about the timing of business expansion in Beijing due to slow domestic demand recovery and will continuously assess market conditions[96] - The company will evaluate its business goals and strategies in response to market conditions to stimulate growth[120] Shareholder Information - Major shareholder QY holds 420,000,000 shares, representing 52.5% of the company's equity[127] - Zero Carbon Technology (Asia) Holdings Limited, controlled by Mr. Zhang, holds 81,000,000 shares, accounting for 10.13% of the equity[128] Stock and Securities - No stock options were granted, exercised, expired, or lapsed during the six months ended June 30, 2024[131] - No purchases, sales, or redemptions of the company's listed securities occurred during the six months ended June 30, 2024[136]

Financial Performance - For the six months ended June 30, 2024, the group's revenue was RMB 12,405,000, a decrease of 20.5% compared to RMB 15,677,000 for the same period in 2023[25] - The group's gross profit for the same period was RMB 7,453,000, resulting in a gross margin of approximately 60%[25] - The net profit attributable to the owners of the company for the six months was RMB 687,000, compared to a loss of RMB 169,000 in the same period last year[25] - The basic and diluted loss per share for the period was RMB 0.09, an improvement from a loss of RMB 0.02 per share in the previous year[25] - The total operating expenses decreased to RMB 6,003,000 from RMB 8,236,000, reflecting a reduction of 27% year-on-year[25] - The company incurred a total comprehensive loss of RMB (479,000) for the period, compared to a loss of RMB (169,000) in 2023[30] - Revenue decreased by approximately RMB 3.3 million or 20.9% to approximately RMB 12.4 million for the six months ended June 30, 2024, compared to approximately RMB 15.7 million for the same period in 2023[71] Revenue Breakdown - Revenue from event management services was RMB 5,236,000, down 17.4% from RMB 6,336,000 in 2023[41] - Revenue from design and production services was RMB 7,169,000, a decrease of 23.2% compared to RMB 9,341,000 in 2023[41] Cash Flow and Assets - The net cash used in operating activities for the six months ended June 30, 2024, was RMB (6,609,000), compared to RMB (6,404,000) in 2023[32] - Cash and cash equivalents at the end of the period were RMB 99,804,000, slightly up from RMB 99,519,000 at the beginning of the period[32] - Total non-current assets increased to RMB 1,114,000 from RMB 913,000 in 2023, reflecting a growth of 22%[28] - Current liabilities decreased to RMB 23,115,000 from RMB 18,182,000, indicating a reduction of 16.5%[28] - The company reported a total equity of RMB 88,062,000, an increase from RMB 87,448,000 in 2023[30] Trade Receivables and Payables - Trade receivables increased to RMB 8,473,000 as of June 30, 2024, up from RMB 4,460,000 in 2023, reflecting a growth of approximately 90%[56] - The total trade and other payables decreased to RMB 10,817,000 as of June 30, 2024, down from RMB 12,986,000 in 2023, representing a decline of approximately 16.9%[60] - The company’s net trade receivables amounted to RMB 7,194,000 as of June 30, 2024, compared to RMB 3,784,000 in 2023, reflecting an increase of approximately 90%[56] Employee and Operational Costs - Employee benefits expenses decreased by approximately RMB 2.3 million or 35.4% to approximately RMB 4.3 million for the six months ended June 30, 2024, due to a reduction in the number of employees[73] - The company employed 45 staff members as of June 30, 2024, down from 69 staff members a year earlier, with total employee costs of approximately RMB 4.3 million[90] - The company incurred project costs of RMB 4,952,000 for the six months ended June 30, 2024, down from RMB 6,651,000 in 2023, indicating a reduction of about 25.5%[45] Future Plans and Developments - The company plans to incorporate digital and interactive elements such as AI, web3, VR, AR, and gamification into its services, aiming to host a series of virtual reality exhibitions[69] - The company has identified new opportunities in the clean energy sector, although potential projects are still under negotiation and have not yet commenced[69] - The company plans to establish new branches in Wuxi and Beijing, hiring a total of 33 additional employees, including 3 business managers and 17 event management/design personnel[96] - The company will continue to evaluate the timing for expanding its operations in Beijing due to slow domestic demand recovery[97] - The company has already hired a general manager and additional staff to enhance its multimedia production and design capabilities, with plans to recruit 10 more employees[101] Shareholder Information - Major shareholder QY holds 420,000,000 shares, representing 52.5% of the company's equity[128] - Zero Carbon Technology (Asia) Holdings Limited, controlled by Mr. Zhang, holds 81,000,000 shares, accounting for 10.13% of the equity[129] Corporate Governance - The company has complied with all applicable codes of corporate governance as per GEM listing rules[136] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, confirming compliance with applicable accounting standards[140] Dividends and Recommendations - The company did not recommend any dividend payments for the six months ended June 30, 2024, consistent with the previous year[50] - The board does not recommend any dividend payment for the six months ended June 30, 2024, consistent with the previous year[91]

Financial Performance - The company achieved revenue of RMB 30,904,000 in 2023, a 50.3% increase from RMB 20,535,000 in 2022[22]. - The company reported a net profit attributable to shareholders of RMB 1,886,000 in 2023, compared to a loss of RMB 3,705,000 in 2022[22]. - The company recorded a net profit of approximately RMB 1.9 million for the fiscal year 2023, compared to a net loss of approximately RMB 3.7 million for the fiscal year 2022, indicating a significant recovery in performance[25]. - For the fiscal year 2023, the company recorded a net profit of approximately RMB 1.9 million, a significant improvement from a net loss of approximately RMB 3.7 million in fiscal year 2022, representing a growth of about 150.9%[56]. - Basic and diluted earnings per share for fiscal year 2023 were RMB 0.24, a turnaround from a loss of RMB 0.46 per share in fiscal year 2022[25]. - Revenue increased to approximately RMB 30.9 million in fiscal year 2023, up by approximately RMB 10.4 million or 50.5% from RMB 20.5 million in fiscal year 2022, driven by a rise in project numbers as market demand gradually recovered[36]. - The company reported a gross profit of RMB 17,883,000 in 2023, representing a gross margin of approximately 57.8%[22]. - Revenue from event management services accounted for 46.5% of total revenue in fiscal year 2023, while revenue from design and production services accounted for 53.5%, with the latter increasing by approximately 45.2% year-over-year[58][59]. Assets and Liabilities - Total assets increased to RMB 105,630,000 in 2023 from RMB 102,128,000 in 2022, reflecting a growth of 2.5%[22]. - The total liabilities of the company stood at RMB 18,182,000 in 2023, up from RMB 16,380,000 in 2022, indicating a 10.9% increase[22]. - Cash and cash equivalents as of December 31, 2023, were approximately RMB 99.5 million, an increase from RMB 96.3 million in the previous year, with no bank borrowings reported[66]. - As of December 31, 2023, the company's debt-to-equity ratio is 0%[112]. Employee and Operational Costs - Employee benefit expenses decreased to RMB 11,148,000 in 2023 from RMB 13,684,000 in 2022, a reduction of 18.5%[22]. - The total employee cost for the fiscal year 2022 and 2023 was approximately RMB 137 million and RMB 111 million, respectively, indicating a decrease of about 19%[129]. - As of December 31, 2023, the company employed 54 staff members, down from 79 in the previous year[129]. - Other operating expenses increased by approximately RMB 0.3 million or 10.8% from RMB 2.6 million in fiscal year 2022 to RMB 2.9 million in fiscal year 2023, driven by revenue growth[62]. Strategic Initiatives and Business Development - The company is focusing on integrating resources from strategic partners, creating a dual-resource approach that includes both traditional cultural/design resources and new online resources, leading to the establishment of an online sales and service platform[26]. - The company is actively deploying clean energy business initiatives, leveraging its design and integration resource advantages to provide energy contract management services to long-term clients, identifying new growth points[27]. - The company plans to strengthen offline cultural content production and sales on existing client platforms while continuing to explore the development of new and online business models[29]. - By the end of fiscal year 2023, the company successfully adjusted its business structure, reducing traditional business proportions and entering the execution phase for two projects that empower cultural tourism and commerce[49]. - The company has signed long-term cooperation contracts with several cities in China that have cultural tourism elements, indicating a strategic focus on expanding its market presence[75]. - The company plans to continue expanding its business areas and strengthen cultural production to seek new growth opportunities in the coming year[57]. Environmental, Social, and Governance (ESG) Commitment - The company plans to achieve net-zero emissions by 2050, emphasizing its commitment to reducing environmental impact[2]. - The company is committed to sustainable development across economic, social, and environmental dimensions, as outlined in its ESG report[6]. - The company has implemented policies to ensure competitive compensation and benefits for its employees, which is crucial for maintaining good relationships with them[141]. - The company has formed an ESG working group led by board members to manage and assess its ESG performance[177]. - The company aims to minimize its operational impact on the environment and reduce carbon emissions from daily operations[181]. - The company emphasizes the importance of diversity and inclusion in its workforce and community engagement[173]. - The company is focused on developing healthy and green communities as part of its social responsibility initiatives[181]. - The group will continue to optimize environmental, social, and governance (ESG) management to respond to stakeholder concerns and promote improvements while maintaining steady growth and creating value for shareholders and investors[182]. - Stakeholder engagement is crucial for identifying significant ESG matters and ensuring the sustainability of the group's operations[191]. Risk Management and Compliance - The company faced challenges in 2023, including cash flow shortages and increased operational costs, but managed to maintain a cautious approach to risk management under a light asset model[33]. - The company has a strong focus on managing credit risk, particularly related to trade and other receivables, which represent the largest credit risk[137]. - The board of directors has ensured compliance with applicable laws and regulations throughout the fiscal year 2023[127]. - The company’s management is committed to high standards and compliance with relevant regulations during its operations[127]. - The company is cautiously evaluating its business goals and strategies in light of the slow recovery of the domestic economy[104].

Financial Performance - For the year ended December 31, 2023, the company reported total revenue of RMB 30,904,000, an increase from RMB 20,535,000 in the previous year, representing a growth of approximately 50%[18]. - The company recorded a net profit attributable to owners of RMB 1,886,000, compared to a net loss of RMB 3,705,000 in the prior year, indicating a significant turnaround[18]. - The basic and diluted earnings per share for the year were RMB 0.24, a recovery from a loss per share of RMB (0.46) in the previous year[18]. - Revenue increased from approximately RMB 20.5 million in fiscal year 2022 to approximately RMB 30.9 million in fiscal year 2023, representing a growth of approximately RMB 10.4 million or 50.5%[174]. - Other income increased from approximately RMB 322,000 in fiscal year 2022 to approximately RMB 586,000 in fiscal year 2023[176]. Assets and Liabilities - The company reported total assets of RMB 104,717,000, an increase from RMB 101,634,000 in the previous year, reflecting a growth of about 2.1%[20]. - The total equity of the company was RMB 87,448,000, up from RMB 85,748,000, representing a growth of about 2%[20]. - The group’s total financial liabilities amounted to RMB 17,464,000, compared to RMB 15,484,000 in the previous year[143]. - The total amount of trade payables was RMB 12,268,000, with shareholder loans amounting to RMB 5,196,000 as of December 31, 2023[143]. Cash Flow and Financing - The operating cash flow for the period was 1,791 million, an increase from 1,407 million in the previous period[23]. - The net cash from operating activities was 1,243 million, compared to 641 million previously, indicating a significant improvement[23]. - The company incurred financing costs of RMB 77,000, a significant increase from RMB 5,000 in the previous year, indicating a rise in borrowing costs[18]. - The group reported a financing cash flow change total of RMB (120,000) from bank loan interest payments during the reporting period[133]. Credit Risk and Provisions - The expected credit loss for trade receivables was approximately RMB 3,784,000, with a specific provision of RMB 676,000 recognized as of December 31, 2023[4]. - The aging analysis of trade receivables showed that overdue amounts over one year totaled RMB 646,000, with a provision of RMB 446,000, indicating a high level of risk in long-term receivables[1]. - The weighted average expected credit loss rate was reported at 69% as of December 31, 2023, compared to 2% for amounts less than one month overdue[1]. - The company recognized a provision for expected credit losses amounting to 373 million, compared to a reversal of (560) million in the previous period[23]. Operational Strategies - The company is actively pursuing opportunities in the clean energy sector, leveraging its design and integration resources to provide energy contract management services to long-term clients[166][171]. - The company has signed long-term cooperation contracts with several cities in China that have cultural tourism elements, indicating a strategic expansion in this area[171]. - The company has launched an e-commerce platform for sales and services, achieving positive results in ticketing and advertising, contributing to mainstream revenue[171]. - The company plans to continue focusing on cash flow generation and cost management strategies to enhance financial stability moving forward[23]. Employee Training and Development - Average training time per employee is 75.3 hours for the fiscal year 2023[192]. - Senior staff received an average training time of 58.2 hours, while regular employees received 79.2 hours[192]. - 100% of senior staff and 97.7% of regular employees participated in training programs[192]. - The company emphasizes ongoing professional training to maintain employee skills and knowledge[196]. Compliance and Governance - The company complies with Hong Kong labor laws, providing competitive wages and benefits[200]. - The group has assessed its tax provisions based on past experiences and interpretations of tax laws, believing it has made sufficient provisions for the reporting period[68].

Revenue Growth - For the three months ended September 30, 2023, the Group reported revenue of RMB 3,799,000, an increase of 68.9% compared to RMB 2,246,000 for the same period in 2022[22]. - For the nine months ended September 30, 2023, the Group's revenue reached RMB 19,476,000, representing a growth of 53.5% from RMB 12,665,000 in the same period of 2022[22]. - Revenue from activity management services for the nine months ended September 30, 2023, was RMB 9,442 thousand, up from RMB 6,355 thousand in the same period of 2022, representing an increase of 48.8%[35]. - Revenue increased by approximately RMB 6.8 million or 53.8% to approximately RMB 19.5 million for the nine months ended September 30, 2023, compared to approximately RMB 12.7 million for the same period in 2022, driven by an increase in the number of projects undertaken in event management and design services[78]. Profitability - The net profit attributable to the owners of the Company for the three months ended September 30, 2023, was RMB 57,000, compared to a loss of RMB 3,168,000 in the same period of 2022[22]. - The total comprehensive loss for the nine months ended September 30, 2023, was RMB 775,000, a significant improvement from a loss of RMB 4,284,000 in the same period of 2022[22]. - For the nine months ended September 30, 2023, the company recorded a net loss of approximately RMB 0.1 million, a significant decrease from a net loss of approximately RMB 3.8 million for the same period in 2022[44]. - For the nine months ended September 30, 2023, the company recorded a net loss of approximately RMB 0.1 million, a significant decrease from a net loss of approximately RMB 3.8 million for the same period in 2022, primarily due to increased revenue[70]. Operating Expenses - The Group's operating expenses for the three months ended September 30, 2023, decreased to RMB 234,000 from RMB 1,030,000 in the same period of 2022, reflecting a reduction of 77.3%[22]. - Employee benefits expenses, including director remuneration, totaled RMB 8,826 thousand for the nine months ended September 30, 2023, down from RMB 9,126 thousand in the same period of 2022, indicating a decrease of 3.3%[32]. - Employee benefit expenses decreased from approximately RMB 9.1 million for the nine months ended September 30, 2022, to approximately RMB 8.8 million for the same period in 2023, due to a reduction in the number of employees[58]. Financial Position - The total equity of the Group as of September 30, 2023, was RMB 84,973,000, a decrease from RMB 89,912,000 at the beginning of the year[23]. - The company did not incur any income tax in the Cayman Islands and British Virgin Islands for the nine months ended September 30, 2023, consistent with the previous year[33]. - The company’s deferred tax expense for the nine months ended September 30, 2023, was RMB (36) thousand, compared to RMB 110 thousand in the same period of 2022[37]. - Trade receivables expected credit loss provisions were approximately RMB 143,000 for the nine months ended September 30, 2023, compared to a reversal of approximately RMB 376,000 for the same period in 2022, indicating a decrease in recoveries of outstanding trade receivables[73]. Business Strategy - The Group continues to focus on expanding its event management services and design and production services to drive future growth[26]. - The company plans to explore new business opportunities in low-carbon, environmental protection, new energy, online gaming, and sharing platforms to diversify business risks and enhance core competitiveness[56]. - The company aims to leverage market recovery opportunities to drive long-term growth and enhance operational efficiency[91]. Compliance and Governance - The Group's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and comply with the GEM Listing Rules[11]. - The audit committee was established on October 21, 2019, and is chaired by an independent non-executive director, ensuring compliance with financial reporting and internal control procedures[52]. Market Conditions - As of September 30, 2023, the number of projects undertaken by the company increased due to the recovery of the tourism industry and local consumption following the relaxation of COVID-19 restrictions in China[91]. - Despite improvements in financial performance for the nine months ending September 30, 2023, the overall performance has not returned to pre-pandemic levels, indicating a cautious operational approach by the company[91].

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佈的內容概不負責， 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公佈全部或任何 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。 Orange Tour Cultural Holding Limited 旅 橙 文 化 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） 股份代號：8627 截至二零二三年九月三十日止九個月 第三季度業績公佈 旅橙文化控股有限公司（「本公司」及其附屬公司，統稱「本集團」）之董事（「董事」） 會（「董事會」）謹此宣佈截至二零二三年九月三十日止九個月的未經審核第三季度 業績。 本公告載列本公司二零二三年第三季度業績報告（「第三季度報告」）全文，符合聯 交所GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步公告附帶資 料的相關規定。 第三季度報告載有GEM上市規則規定資料，其印刷版本將於適當 時以GEM上市規則所規定方式寄發予本公司股東。 承董事會命 旅橙文化控股有限公司 主席兼執行董事 周楊 香港，二零二三年十一月十三日 ...

Financial Performance - For the six months ended June 30, 2023, the group's revenue was RMB 15,677,000, an increase of 50.5% compared to RMB 10,419,000 for the same period in 2022[20]. - The group reported a net loss attributable to owners of the company of RMB 169,000 for the six months ended June 30, 2023, compared to a net loss of RMB 602,000 for the same period in 2022, representing a 71.9% improvement[20]. - The company reported a basic loss per share of RMB (0.000226) for the six months ended June 30, 2023, compared to RMB (0.000752) for the same period in 2022[62]. - The company recorded a net loss of approximately RMB 0.2 million for the six months ended June 30, 2023, an improvement from a net loss of approximately RMB 0.6 million for the same period in 2022[86]. - The company incurred a total comprehensive loss of RMB 1,637 thousand for the six months ended June 30, 2023, compared to a loss of RMB 1,074 thousand in the same period in 2022[33]. Revenue Breakdown - Revenue from event management services for the six months ended June 30, 2023, was RMB 6,336 thousand, up 37.0% from RMB 4,626 thousand in the same period of 2022[52]. - Revenue from design and production services for the six months ended June 30, 2023, was RMB 9,341 thousand, an increase of 61.5% from RMB 5,793 thousand in the same period of 2022[52]. - For the six months ended June 30, 2023, the company's revenue increased by approximately RMB 5.3 million or 50.5% to about RMB 15.7 million compared to approximately RMB 10.4 million for the same period in 2022[80]. Assets and Liabilities - As of June 30, 2023, the total assets of the group were RMB 106,439,000, compared to RMB 101,634,000 as of December 31, 2022, reflecting a 4.0% increase[22]. - The group has increased its trade and other receivables to RMB 14,773,000 as of June 30, 2023, up from RMB 3,986,000 as of December 31, 2022, indicating a significant growth in receivables[22]. - Trade receivables as of June 30, 2023, were RMB 6,740 thousand, an increase from RMB 4,084 thousand as of December 31, 2022, representing a 65% increase[66]. - Trade payables increased significantly to RMB 2,988 thousand as of June 30, 2023, compared to RMB 483 thousand as of December 31, 2022, marking a 519% increase[68]. Cash Flow and Financing - The operating cash flow for the six months ended June 30, 2023, was a net cash outflow of RMB 6,404 thousand, compared to a net cash inflow of RMB 568 thousand for the same period in 2022[37]. - The group has incurred financing costs of RMB 1,000 for the six months ended June 30, 2023, compared to no financing costs in the same period of 2022[20]. - The group’s cash and cash equivalents stood at RMB 90,930,000 as of June 30, 2023, a slight decrease from RMB 96,347,000 as of December 31, 2022[22]. - The cash and cash equivalents at the end of June 30, 2023, were RMB 90,930 thousand, a decrease from RMB 93,591 thousand at the end of June 30, 2022[37]. - The company had no bank borrowings as of June 30, 2023, consistent with the situation as of December 31, 2022[89]. Operational Developments - The group plans to establish a multimedia production and design team, including the recruitment of a general manager, to enhance its operational capabilities[5]. - The group is actively seeking suitable locations to set up a project showcase center and an online marketing platform base, which will support the expansion of its cultural tourism products[4]. - The company plans to expand its sales and marketing team by hiring an additional eight employees to support its operations[44]. - The company has also recruited ten additional staff members to support its multimedia production and design team, including various roles such as directors and animators[46]. - The company is expanding its business network and service capabilities by establishing new offices in Wuxi and Beijing, which is expected to create lasting advantages[100]. Strategic Initiatives - The group aims to enhance its market presence through strategic initiatives, including potential mergers and acquisitions in the cultural tourism sector[4]. - The company plans to explore new business opportunities in low-carbon, environmental protection, new energy, online gaming, and sharing platforms to diversify business risks and enhance core competitiveness[79]. - The company aims to capture market recovery opportunities and transform them into performance growth drivers for long-term development[80]. Employee and Cost Management - Employee benefits expenses for the six months ended June 30, 2023, amounted to RMB 6,610 thousand, compared to RMB 5,836 thousand for the same period in 2022, reflecting a 13% increase[4]. - Employee costs increased by approximately RMB 0.8 million or 13.3% to RMB 6.6 million for the six months ended June 30, 2023, due to an increase in the number of employees[115]. - The company employed 76 staff as of June 30, 2023, compared to 74 staff a year earlier[129]. - For the six months ended June 30, 2023, the company incurred a total cost of RMB 6,651 thousand, up from RMB 4,296 thousand in the same period of 2022, representing a 55% increase[4]. - Other operating expenses increased by approximately RMB 0.8 million or 89.6% to about RMB 1.6 million for the six months ended June 30, 2023, compared to approximately RMB 0.9 million for the same period in 2022[84]. Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules, ensuring compliance with all applicable provisions[151]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2023, confirming compliance with applicable accounting standards[156]. - The company has not recognized any significant deferred tax liabilities in the financial statements due to the absence of major temporary differences[59]. - The company has no significant litigation or claims that could adversely affect its business or financial condition as of June 30, 2023[119]. Dividend Policy - The company did not recommend any dividend payment for the six months ended June 30, 2023, consistent with the previous year[60]. - No dividends were recommended for the six months ended June 30, 2023, consistent with the previous year[130].

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佈的內容概不負責， 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公佈全部或任何 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。 Orange Tour Cultural Holding Limited 旅 橙 文 化 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） 股份代號：8627 截至二零二三年六月三十日止六個月的 中期業績公佈 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。 本公佈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 在提供有關旅橙文化控股有限公司（「本公司」，及其附屬公司，統稱「本集團」）的 資料；本公司的董事（「董事」） ...