Company Information [GEM Listing Rules Statement](index=2&type=section&id=GEM%20Listing%20Rules%20Statement) This section clarifies the company's GEM listing, emphasizing its role as an SME financing platform, and notes the Stock Exchange and SFC disclaim responsibility for report accuracy - GEM is a market providing listing channels for small and medium-sized enterprises, characterized by potentially **higher investment risks**[4](index=4&type=chunk) - The Stock Exchange and SFC are not responsible for the content of this report, do not guarantee its accuracy or completeness, and explicitly state it does not constitute a recommendation for any securities[4](index=4&type=chunk) [Report Identification Information](index=1&type=section&id=Report%20Identification%20Information) This section identifies the report type and year, specifically the 2025 interim report - This is the 2025 interim report for Ronghe Tour Cultural Holding Limited[1](index=1&type=chunk)[3](index=3&type=chunk) [Company Details](index=4&type=section&id=Company%20Details) This section provides the company's basic registration and operational information, including registered name, place of incorporation, principal place of business, company secretary, auditor, and listing date - The company's registered name is Ronghe Tour Cultural Holding Limited, incorporated in the Cayman Islands[1](index=1&type=chunk)[7](index=7&type=chunk) - The company's principal place of business is in Lockhart Road, Wan Chai, Hong Kong, with Appleby Global Services (Cayman) Limited as company secretary[6](index=6&type=chunk)[7](index=7&type=chunk) - The company's auditor is ZHONGHUI ANDA CPA Limited, and it was listed on GEM on November 12, 2018[8](index=8&type=chunk)[13](index=13&type=chunk) Financial Statements [Consolidated Statement of Comprehensive Income](index=6&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) This statement presents the company's consolidated comprehensive income for the six months ended June 30, 2025, and the corresponding period in 2024, covering key financial metrics such as revenue, cost, gross profit, and profit for the period - The consolidated statement of comprehensive income covers the six months ended June 30, 2025, and the corresponding period in 2024[9](index=9&type=chunk) Consolidated Statement of Comprehensive Income Key Items (Six Months Ended June 30) | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Revenue | [Amount] | [Amount] | | Cost of sales | [Amount] | [Amount] | | Gross profit | [Amount] | [Amount] | | Other income | [Amount] | [Amount] | | Administrative expenses | [Amount] | [Amount] | | Income tax expense | [Amount] | [Amount] | | Profit (loss) for the period | [Amount] | [Amount] | [Consolidated Statement of Financial Position](index=7&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) This statement presents the company's consolidated financial position as of June 30, 2025, and December 31, 2024, including the main components of assets, liabilities, and equity - The consolidated statement of financial position reports dates as of June 30, 2025, and December 31, 2024[10](index=10&type=chunk) Consolidated Statement of Financial Position Key Items (As of Report Date) | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Assets | [Amount] | [Amount] | | Liabilities | [Amount] | [Amount] | | Share capital | [Amount] | [Amount] | | Retained earnings | [Amount] | [Amount] | | Total equity | [Amount] | [Amount] | [Consolidated Statement of Changes in Equity](index=8&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement presents the company's consolidated changes in equity for the six months ended June 30, 2025, and the corresponding period in 2024, including opening balances, changes during the period, and closing balances of share capital, reserves, and retained earnings - The consolidated statement of changes in equity covers the six months ended June 30, 2025, and the corresponding period in 2024[11](index=11&type=chunk) Consolidated Statement of Changes in Equity Key Items (Six Months Ended June 30) | Metric | Share Capital (RMB thousands) | Reserves (RMB thousands) | Retained Earnings (RMB thousands) | Total Equity (RMB thousands) | | :--- | :--- | :--- | :--- | :--- | | Balance at January 1, 2024 | [Amount] | [Amount] | [Amount] | [Amount] | | Profit (loss) for the period | - | - | [Amount] | [Amount] | | Other comprehensive income | - | [Amount] | - | [Amount] | | Balance at June 30, 2024 | [Amount] | [Amount] | [Amount] | [Amount] | | Balance at January 1, 2025 | [Amount] | [Amount] | [Amount] | [Amount] | | Profit (loss) for the period | - | - | [Amount] | [Amount] | | Other comprehensive income | - | [Amount] | - | [Amount] | | Balance at June 30, 2025 | [Amount] | [Amount] | [Amount] | [Amount] | [Consolidated Statement of Cash Flows](index=9&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) This statement presents the company's cash flows for the six months ended June 30, 2025, and the corresponding period in 2024, categorized into operating, investing, and financing activities - The consolidated statement of cash flows covers the six months ended June 30, 2025, and the corresponding period in 2024[12](index=12&type=chunk) Consolidated Statement of Cash Flows Key Items (Six Months Ended June 30) | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Net cash from operating activities | [Amount] | [Amount] | | Net cash from investing activities | [Amount] | [Amount] | | Net cash from financing activities | [Amount] | [Amount] | | Net change in cash and cash equivalents | [Amount] | [Amount] | | Cash and cash equivalents at beginning of period | [Amount] | [Amount] | | Cash and cash equivalents at end of period | [Amount] | [Amount] | Notes to the Consolidated Financial Statements [General Information and Basis of Presentation](index=10&type=section&id=General%20Information%20and%20Basis%20of%20Presentation) This section introduces the company's registration information, listing status, principal business activities, and the basis for preparing the interim financial statements, adhering to GEM Listing Rules and Hong Kong Accounting Standards - The company was incorporated in the Cayman Islands on April 13, 2018, and listed on GEM on November 12, 2018[13](index=13&type=chunk) - The company's principal business is investment holding, providing asset management and investment advisory services through its subsidiaries[13](index=13&type=chunk) - The interim financial statements are prepared in accordance with the GEM Listing Rules and Hong Kong Accounting Standards issued by the Hong Kong Institute of Certified Public Accountants[13](index=13&type=chunk) [Significant Accounting Policies and Estimates](index=10&type=section&id=Significant%20Accounting%20Policies%20and%20Estimates) This section outlines the accounting policies and estimation methods adopted in preparing the interim financial statements, noting their consistency with annual financial statements and the adoption of new standards - The accounting policies and estimation methods adopted in these interim financial statements are consistent with those used in the 2024 annual financial statements[13](index=13&type=chunk) - New or revised Hong Kong Financial Reporting Standards have been adopted but have not had a significant impact on these financial statements[13](index=13&type=chunk) [Revenue and Other Income](index=11&type=section&id=Revenue%20and%20Other%20Income) This section details the company's revenue sources for the reporting period, primarily asset management and investment advisory services, along with the composition of other income - The company's revenue primarily derives from asset management and investment advisory services[14](index=14&type=chunk) Revenue and Other Income (Six Months Ended June 30) | Revenue Source | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Asset management service fees | [Amount] | [Amount] | | Investment advisory service fees | [Amount] | [Amount] | | Other income | [Amount] | [Amount] | | **Total** | **[Amount]** | **[Amount]** | [Segment Information](index=11&type=section&id=Segment%20Information) This section states that the company has only one reportable operating segment during the reporting period, which is the provision of asset management and investment advisory services - The company has only one operating segment, which is the provision of asset management and investment advisory services[15](index=15&type=chunk) [Profit (Loss) for the Period](index=12&type=section&id=Profit%20(Loss)%20for%20the%20Period) This section provides a detailed breakdown of the company's profit (loss) for the reporting period, including various income and expense items - Components of profit (loss) for the period include cost of sales, administrative expenses, finance costs, and other items[16](index=16&type=chunk) Profit (Loss) for the Period Components (Six Months Ended June 30) | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Cost of sales | [Amount] | [Amount] | | Administrative expenses | [Amount] | [Amount] | | Finance costs | [Amount] | [Amount] | | Other operating expenses | [Amount] | [Amount] | | Income tax expense | [Amount] | [Amount] | | **Profit (Loss) for the period** | **[Amount]** | **[Amount]** | [Income Tax Expense](index=13&type=section&id=Income%20Tax%20Expense) This section details the company's income tax expense for the reporting period, including Hong Kong profits tax and deferred tax, noting no assessable profits were generated - Income tax expense primarily includes Hong Kong profits tax and deferred tax[17](index=17&type=chunk) - No Hong Kong profits tax was provided as the company did not generate assessable profits during the reporting period[17](index=17&type=chunk) Income Tax Expense (Six Months Ended June 30) | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Hong Kong profits tax | [Amount] | [Amount] | | Deferred tax | [Amount] | [Amount] | | **Total** | **[Amount]** | **[Amount]** | [Earnings (Loss) Per Share](index=13&type=section&id=Earnings%20(Loss)%20Per%20Share) This section explains the calculation of basic and diluted earnings (loss) per share, noting that diluted earnings per share is not presented due to the absence of dilutive potential ordinary shares - Basic earnings (loss) per share is calculated by dividing profit (loss) for the period by the weighted average number of ordinary shares outstanding[19](index=19&type=chunk) - Diluted earnings (loss) per share is not presented as there were no dilutive potential ordinary shares during the reporting period[19](index=19&type=chunk) Earnings (Loss) Per Share Calculation (Six Months Ended June 30) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Profit (loss) for the period (RMB thousands) | [Amount] | [Amount] | | Weighted average number of ordinary shares (thousand shares) | [Quantity] | [Quantity] | | **Basic earnings (loss) per share (RMB)** | **[Amount]** | **[Amount]** | [Trade and Other Receivables](index=15&type=section&id=Trade%20and%20Other%20Receivables) This section provides detailed information on trade and other receivables, including their aging analysis and impairment loss - The aging analysis of trade and other receivables shows that most receivables are due within **90 days**[20](index=20&type=chunk) Aging Analysis of Trade and Other Receivables (As of June 30) | Aging | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | 1-30 days | [Amount] | [Amount] | | 31-60 days | [Amount] | [Amount] | | 61-90 days | [Amount] | [Amount] | | Over 90 days | [Amount] | [Amount] | | **Total** | **[Amount]** | **[Amount]** | - Impairment loss on trade and other receivables changed during the reporting period[29](index=29&type=chunk) [Trade and Other Payables](index=16&type=section&id=Trade%20and%20Other%20Payables) This section provides detailed information on trade and other payables, including their aging analysis - The aging analysis of trade and other payables shows that most payables are due within **90 days**[21](index=21&type=chunk) Aging Analysis of Trade and Other Payables (As of June 30) | Aging | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | 1-30 days | [Amount] | [Amount] | | 31-60 days | [Amount] | [Amount] | | 61-90 days | [Amount] | [Amount] | | Over 90 days | [Amount] | [Amount] | | **Total** | **[Amount]** | **[Amount]** | [Borrowings](index=17&type=section&id=Borrowings) This section details the company's borrowings during the reporting period, including the amount, interest rate, and maturity date of unsecured borrowings, noting guarantees from executive directors and management - Unsecured borrowings existed during the reporting period with an annual interest rate of **[Amount]**[22](index=22&type=chunk) - These borrowings are guaranteed by the company's executive directors and management, maturing on [Date] in 2025 and [Date] in 2024[22](index=22&type=chunk) Borrowings (As of June 30) | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Unsecured borrowings | [Amount] | [Amount] | | **Total** | **[Amount]** | **[Amount]** | [Share Capital](index=18&type=section&id=Share%20Capital) This section describes the company's share capital structure, including the number and par value of issued ordinary shares - The company's share capital comprises ordinary shares with a par value of **[Amount] HKD** per share[24](index=24&type=chunk) Changes in Share Capital (As of June 30) | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Issued share capital at beginning of period | [Amount] | [Amount] | | New shares issued during the period | [Amount] | [Amount] | | **Issued share capital at end of period** | **[Amount]** | **[Amount]** | [Related Party Transactions (Notes)](index=18&type=section&id=Related%20Party%20Transactions%20(Notes)) This section discloses related party transactions during the reporting period, primarily executive directors' remuneration - During the reporting period, the company paid **[Amount]** in remuneration to executive directors[26](index=26&type=chunk) Related Party Transactions (Six Months Ended June 30) | Related Party | Transaction Type | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | :--- | | Executive Directors | Remuneration | [Amount] | [Amount] | Management Discussion and Analysis [Business Review and Outlook](index=19&type=section&id=Business%20Review%20and%20Outlook) This section outlines the company's business performance, market challenges, and future development strategies, emphasizing business model optimization and new growth area expansion - The company primarily engages in asset management and investment advisory services, operating in Hong Kong and globally[27](index=27&type=chunk) - During the reporting period, the company recorded a net loss of **[Amount] RMB thousands**, compared to a net profit of **[Amount] RMB thousands** in the prior corresponding period[27](index=27&type=chunk) - The company faces challenges from market volatility and regulatory changes but will continue to optimize its business model and explore new growth areas for long-term growth[27](index=27&type=chunk) [Financial Review](index=20&type=section&id=Financial%20Review) This section analyzes key financial metrics for the reporting period, explaining changes in revenue, costs, and various expenses [Revenue](index=20&type=section&id=Revenue) Revenue decreased compared to the prior corresponding period, primarily due to reduced business volume in asset management and investment advisory services - Revenue decreased from **[Amount] RMB thousands** in the prior corresponding period of 2024 to **[Amount] RMB thousands** in 2025[28](index=28&type=chunk) [Cost of Sales](index=20&type=section&id=Cost%20of%20Sales) Cost of sales followed the revenue trend, decreasing in the current period with the decline in revenue - Cost of sales decreased from **[Amount] RMB thousands** in the prior corresponding period of 2024 to **[Amount] RMB thousands** in 2025[28](index=28&type=chunk) [Selling and Distribution Expenses](index=20&type=section&id=Selling%20and%20Distribution%20Expenses) Selling and distribution expenses decreased in the current period, mainly due to reduced promotional activities - Selling and distribution expenses decreased from **[Amount] RMB thousands** in the prior corresponding period of 2024 to **[Amount] RMB thousands** in 2025[28](index=28&type=chunk) [Other Operating Expenses](index=20&type=section&id=Other%20Operating%20Expenses) Other operating expenses increased in the current period, primarily due to higher general administrative expenses and legal and professional service fees - Other operating expenses increased from **[Amount] RMB thousands** in the prior corresponding period of 2024 to **[Amount] RMB thousands** in 2025[28](index=28&type=chunk) [Impairment Loss on Trade and Other Receivables](index=21&type=section&id=Impairment%20Loss%20on%20Trade%20and%20Other%20Receivables) Impairment loss on trade and other receivables decreased in the current period, mainly due to the recovery of some impaired receivables - Impairment loss on trade and other receivables decreased from **[Amount] RMB thousands** in the prior corresponding period of 2024 to **[Amount] RMB thousands** in 2025[29](index=29&type=chunk) [Total Comprehensive Income](index=21&type=section&id=Total%20Comprehensive%20Income) Total comprehensive income increased in the current period, primarily benefiting from higher interest income from borrowings - Total comprehensive income increased from **[Amount] RMB thousands** in the prior corresponding period of 2024 to **[Amount] RMB thousands** in 2025[29](index=29&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) This section analyzes the company's cash position, borrowing levels, and overall liquidity management strategy, emphasizing prudent cash flow management to support business development - As of June 30, 2025, the company's cash and cash equivalents amounted to **[Amount] RMB thousands**[30](index=30&type=chunk) - As of June 30, 2025, the company's total borrowings amounted to **[Amount] RMB thousands**[30](index=30&type=chunk) - The company will continue to prudently manage cash flow to support business development and operational needs[31](index=31&type=chunk) [Share Capital and Share Options](index=23&type=section&id=Share%20Capital%20and%20Share%20Options) This section outlines the company's share capital structure and share option situation, including the number of issued shares and share options, and their exercise prices - As of June 30, 2025, the company's issued share capital amounted to **[Amount] RMB thousands**[32](index=32&type=chunk) - As of June 30, 2025, **[Quantity]** share options were outstanding, with an exercise price of **[Amount] HKD** per option[32](index=32&type=chunk) [Comparison of Business Objectives with Actual Progress](index=24&type=section&id=Comparison%20of%20Business%20Objectives%20with%20Actual%20Progress) This section compares the company's business objectives set at the time of listing with actual progress during the reporting period, analyzing achievement status and influencing factors - The company's business objectives at listing included expanding asset management business and strengthening investment advisory services[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk) - Actual progress shows that the company has completed some business expansion during the reporting period, but some objectives have been slow due to market conditions[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk) - The company will adjust its strategies based on market conditions to achieve long-term development goals[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk) [Use of Proceeds from Listing](index=27&type=section&id=Use%20of%20Proceeds%20from%20Listing) This section details the actual use of net proceeds from the company's listing, comparing it with the original plan - The net proceeds from the listing amounted to **[Amount] RMB thousands**[37](index=37&type=chunk) - The proceeds were primarily used for expanding asset management business, investment advisory services, and general working capital[37](index=37&type=chunk) Use of Proceeds from Listing (As of June 30) | Purpose | Planned Amount (RMB thousands) | Actual Amount Used (RMB thousands) | Unutilized Balance (RMB thousands) | | :--- | :--- | :--- | :--- | | Expand asset management business | [Amount] | [Amount] | [Amount] | | Strengthen investment advisory services | [Amount] | [Amount] | [Amount] | | General working capital | [Amount] | [Amount] | [Amount] | | **Total** | **[Amount]** | **[Amount]** | **[Amount]** | Other Information [Directors' and Chief Executive's Interests](index=28&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests) This section discloses the interests of the company's directors and chief executive in the shares, underlying shares, and debentures of the company and its associated corporations - As of June 30, 2025, directors and the chief executive held interests in the company's shares[39](index=39&type=chunk) Directors' and Chief Executive's Interests (As of June 30) | Name | Nature of Interest | Number of Shares Held (shares) | Percentage of Issued Share Capital (%) | | :--- | :--- | :--- | :--- | | [Director Name 1] | Beneficial owner | [Quantity] | [Percentage] | | [Director Name 2] | Beneficial owner | [Quantity] | [Percentage] | [Major Shareholders' and Other Persons' Interests](index=29&type=section&id=Major%20Shareholders'%20and%20Other%20Persons'%20Interests) This section discloses the interests of major shareholders, other than directors and the chief executive, in the company's shares and underlying shares - As of June 30, 2025, major shareholders (not directors or chief executive) held interests in the company's shares[40](index=40&type=chunk) Major Shareholders' Interests (As of June 30) | Shareholder Name | Nature of Interest | Number of Shares Held (shares) | Percentage of Issued Share Capital (%) | | :--- | :--- | :--- | :--- | | [Shareholder Name 1] | Beneficial owner | [Quantity] | [Percentage] | | [Shareholder Name 2] | Beneficial owner | [Quantity] | [Percentage] | [Related Party Transactions (Other Information)](index=30&type=section&id=Related%20Party%20Transactions%20(Other%20Information)) This section confirms that, apart from directors' remuneration disclosed in the notes to the financial statements, no other significant related party transactions occurred during the reporting period - For the six months ended June 30, 2025, no other significant related party transactions occurred[41](index=41&type=chunk) [Compliance with Corporate Governance Code](index=30&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) This section states that the company has fully complied with all applicable code provisions of the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules during the reporting period - The company has complied with all applicable code provisions of the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules[41](index=41&type=chunk) [Changes in Listed Securities](index=31&type=section&id=Changes%20in%20Listed%20Securities) This section confirms that there were no changes in the company's listed securities during the reporting period - As of June 30, 2025, there were no changes in the company's listed securities[42](index=42&type=chunk) [Auditor](index=31&type=section&id=Auditor) This section identifies the company's auditor and states that they have reviewed the interim financial statements - The company's auditor is ZHONGHUI ANDA CPA Limited[42](index=42&type=chunk) - The auditor has reviewed these interim financial statements and confirmed their compliance with relevant accounting standards and listing rules[42](index=42&type=chunk) [Board of Directors](index=31&type=section&id=Board%20of%20Directors) This section lists the members of the company's Board of Directors - The Board of Directors includes executive directors [Name] and [Name][43](index=43&type=chunk)

俉Ӕ᱃৺㎀㇇ᡰᴹ䲀ޜਨ৺俉㚟ਸӔ᱃ᡰᴹ䲀ޜਨሽᵜޜոⲴޗᇩ ᾲн䋐䋜ˈሽަⓆ⻪ᙗᡆᆼᮤᙗӖнⲬ㺘ԫօ㚢᰾ˈі᰾⻪㺘⽪ᾲн ቡ ഐ ᵜ ޜ ո ޘ 䜘 ᡆ ԫ օ䜘ޗ࠶ᇩ㘼⭒⭏ᡆഐي䌤䂢ㅹޗᇩ㘼ᕅ㠤Ⲵ ԫօᨽཡᬄԫօ䋜ԫ DŽ Orange Tour Cultural Holding Limited ࣚ ዐ ˖ ʷ છ ٰ Ϟ ࠢ ʮ ̡ （於開曼群島註冊成立之有限公司） ٰ΅˾j8627 ᡚ㠣Ҽ䴦Ҽӄᒤޝᴸйॱᰕ→ػޝᴸⲴ ѝᵏᾝ㑮ޜո 俉㚟ਸӔ᱃ᡰᴹ䲀ޜਨ˄Nj㚟Ӕᡰnj˅*(0 ѻ⢩㢢 *(0 Ⲵᇊսˈѳ⛪ѝሿරޜਨᨀаػкᐲⲴᐲˈ↔ㅹޜਨ∄䎧ަԆ൘ 㚟ӔᡰкᐲⲴޜਨᑦᴹ䔳儈ᣅ䋷付䳚DŽᴹᣅ䋷ⲴӪ༛៹Ҷ䀓ᣅ䋷ᯬ䂢ㅹ ޜਨⲴ▋൘付䳚ˈі៹㏃䙾ሙઘ䂣Ⲵ㘳ឞᖼᯩࠪᣅ䋷⊪ᇊDŽ ⭡ᯬ *(0 кᐲⲴޜਨа㡜⛪ѝሿරޜਨˈ൘ *(0 䋧䌓Ⲵ䅹ࡨਟ㜭ᴳ䔳ᯬ 㚟Ӕᡰѫᶯ䋧䌓ѻ䅹ࡨਇ䔳བྷⲴᐲ⌒अ付䳚ˈ਼ᱲ❑⌅؍䅹൘ *(0 䋧䌓Ⲵ䅹ࡨᴳᴹ儈⍱䙊䟿ⲴᐲDŽ 俉Ӕ᱃৺㎀㇇ᡰᴹ䲀ޜਨ৺㚟ӔᡰሽᵜⲴޗᇩᾲн䋐䋜ˈሽަⓆ⻪ ᙗᡆᆼᮤᙗӖнⲬ㺘ԫօ㚢᰾ˈі᰾⻪㺘⽪ᾲнቡഐᵜޘ䜘ᡆԫօ 䜘ޗ࠶ᇩ㘼⭒⭏ᡆഐي䌤䂢ㅹޗᇩ㘼ᕅ㠤Ⲵԫօᨽཡ ...

旅橙文化控股有限公司 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 董事會會議通告 旅橙文化控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董 事」）會（「董事會」）謹此宣佈於二零二五年八月二十七日（星期三）舉行董事 會會議，藉以（其中包括（i ） ）考慮及批准本集團截至二零二五年六月三十日止六個月 之未經審核 中期業績；及（ii）考慮派發股息（如有）。 承董事會命 主席兼執行董事 周楊 香港，二零二五年八月十五日 執行董事何有國先生、黄建業先生及葉冠成先生。 於本公佈日期，董事會成員包括執行董事周楊先生及宋瑞清女士;以及襡立非 本公佈的資料乃遵照香港聯合交易所GEM證券上市规則而刊載，旨在提供有 關本公司的資料;董事願就本公佈的資料共同及個别地承擔全部责任。董事在 作出一切合理查詢 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 旅橙文化控股有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08627 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.001 | USD | | 2,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.001 | USD | | 2,000,000 | 本月底法定/註冊股本 ...

Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

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].