Revenue and Profitability - The company's revenue increased from approximately RMB 147.3 million for the six months ended June 30, 2023, to approximately RMB 155.8 million for the six months ended June 30, 2024, representing an increase of approximately RMB 8.5 million or about 5.8%[9]. - Revenue for the six months ended June 30, 2024, was RMB 155,828,000, an increase of 5.4% compared to RMB 147,339,000 for the same period in 2023[45]. - Gross profit for the same period was RMB 46,201,000, representing a gross margin of 29.6%, up from RMB 43,008,000 in 2023[45]. - Operating profit increased to RMB 25,897,000, a significant rise of 52.7% from RMB 16,955,000 in the previous year[45]. - Net profit for the period was RMB 18,765,000, compared to RMB 10,890,000 in 2023, reflecting a year-on-year growth of 72.5%[45]. - Profit for the period increased by approximately RMB 7.9 million or 72.3% to RMB 18.8 million for the six months ending June 30, 2024, driven by reduced legal fees and increased gross profit[16]. Cost and Expenses - The cost of sales rose from approximately RMB 104.3 million for the six months ended June 30, 2023, to approximately RMB 109.6 million for the six months ended June 30, 2024, an increase of approximately RMB 5.3 million or about 5.1%[10]. - Sales expenses decreased by approximately RMB 0.5 million or 6.1% to RMB 8.9 million for the six months ending June 30, 2024, due to reduced promotional efforts[12]. - Administrative and other operating expenses decreased by approximately RMB 3.7 million or 22.7% to RMB 12.7 million for the six months ending June 30, 2024, primarily due to lower legal and professional fees related to the transfer to the main board[13]. Business Operations and Strategy - The company continues to focus on the production of disposable plastic lunch boxes, with increased demand contributing to revenue growth[7]. - The management believes that maintaining product safety and environmental protection, brand promotion, and expanding sales channels will be key drivers for growth in the disposable plastic lunch box business[7]. - The company launched a new e-commerce application platform "Yihotianxia" in July 2022, covering a range of products including daily necessities and agricultural products[7]. - The e-commerce segment has seen revenue growth, contributing to the overall increase in the company's earnings[9]. - The company is positioned to leverage opportunities in the emerging film industry as the demand for entertainment rebounds post-COVID-19[7]. - The company continues to focus on the design, development, production, and sale of disposable plastic lunch boxes and essential household products through e-commerce platforms[49]. Acquisitions and Investments - The company completed the acquisition of Yizhen Media Co., Ltd. for a total consideration of RMB 20,571,430, which is expected to generate significant income and expand the company's business scope[7]. - The company completed the acquisition of 100% equity in Yizhen Film and Television for a consideration of HKD 18.5 million, paid through the issuance of 74 million ordinary shares[25]. - The company established a new joint venture, Beijing Yi He Tian Xia Network Technology Co., Ltd., through a series of contractual arrangements, with a shareholding structure of 50% held by Beijing You Pin Hui and 50% by Mr. Cheng De Nan as of May 11, 2023[26]. Financial Position - Current assets increased from approximately RMB 210.2 million to RMB 233.7 million, with the current ratio improving from about 5.3 to 6.1[18]. - Cash and bank balances increased to approximately RMB 168.8 million as of June 30, 2024, from RMB 165.3 million as of December 31, 2023, mainly due to cash generated from operating activities[19]. - The company had no borrowings as of June 30, 2024[20]. - Total assets as of June 30, 2024, were RMB 279,344,000, an increase from RMB 258,614,000 as of December 31, 2023[46]. - The total liabilities as of June 30, 2024, were RMB 48,504,000, a slight decrease from RMB 52,632,000 as of December 31, 2023[59]. Shareholder and Governance - The major shareholders include Prize Investment Limited with 301,500,000 shares (40.28%) and Merit Winner Limited with 67,500,000 shares (9.02%) as of June 30, 2024[33]. - The company has adhered to the corporate governance code as per GEM listing rules, with distinct roles for the CEO and Chairman[38]. - The company reported no conflicts of interest among directors or major shareholders as of June 30, 2024[36]. - The company has implemented a strict code of conduct for securities trading by directors, with no violations reported during the six months ending June 30, 2024[39]. Employee and Management - As of June 30, 2024, the group employed a total of 202 employees, with employee costs approximately RMB 9.7 million, a decrease from RMB 10.9 million for the same period in 2023[30]. - Total remuneration for key management personnel increased to RMB 486,000 for the six months ended June 30, 2024, compared to RMB 454,000 for the same period in 2023, reflecting a rise of 7.0%[88]. Compliance and Reporting - The group has not applied any new standards or interpretations that have not yet come into effect during the reporting period, ensuring compliance with existing accounting policies[53]. - There were no significant impacts on the financial performance or position due to the adoption of new and revised Hong Kong Financial Reporting Standards[53]. - The company has established an audit committee to oversee financial reporting and internal controls[44].

Company Overview - Yik Wo International Holdings Limited reported its unaudited consolidated results for the six months ended June 30, 2024[1]. - The company is listed on the GEM of the Hong Kong Stock Exchange, which is known for higher investment risks associated with small and medium-sized enterprises[3]. - The company has a registered office in the Cayman Islands and operates in various locations including China and Hong Kong[7]. - The financial report is compliant with the GEM Listing Rules of the Hong Kong Stock Exchange[2]. - The company has established relationships with major banks for its operations, including Agricultural Bank of China[7]. - The company has two operating segments: (i) design, development, production, and sale of disposable plastic food containers, and (ii) operation of mobile applications and e-commerce platforms[24]. Governance and Compliance - The board of directors confirmed that the information provided in the report is accurate and complete after reasonable inquiries[2]. - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure[6]. - The company emphasizes the importance of understanding the potential risks before investing in GEM-listed companies[3]. - The report will be available on the Hong Kong Stock Exchange website and the company's official website for at least seven days from the date of issuance[1]. Financial Performance - Revenue increased from approximately RMB 147.3 million for the six months ended June 30, 2023, to approximately RMB 155.8 million for the six months ended June 30, 2024, representing an increase of approximately RMB 8.5 million or 5.8%[10]. - Sales cost rose from approximately RMB 104.3 million to approximately RMB 109.6 million, an increase of approximately RMB 5.3 million or 5.1%[11]. - Gross profit increased from approximately RMB 43.0 million to approximately RMB 46.2 million, a rise of approximately RMB 3.2 million or 7.4%, with a slight increase in gross profit margin from 29.2% to 29.6%[12]. - Net profit for the period increased from approximately RMB 10.9 million to approximately RMB 18.8 million, an increase of approximately RMB 7.9 million or 72.3%[17]. - Operating profit increased to RMB 25,897,000, compared to RMB 16,955,000 in the prior year, representing a growth of 52.5%[46]. - Total comprehensive income for the period was RMB 18,802,000, compared to RMB 10,767,000 in the same period last year[46]. Expenses and Costs - Administrative and other operating expenses decreased from approximately RMB 16.5 million to approximately RMB 12.7 million, a reduction of approximately RMB 3.7 million or 22.7%[14]. - Financing costs increased to approximately RMB 140,000 due to leasing arrangements for machinery and equipment[15]. - Income tax expenses rose from approximately RMB 6.0 million to approximately RMB 7.0 million, an increase of approximately RMB 1.0 million or 17.2%[16]. - The company reported a financing cost of RMB 140, which increased from RMB 99 in the previous year[46]. Assets and Liabilities - As of June 30, 2024, the net current assets increased from approximately RMB 210.2 million to approximately RMB 233.7 million, primarily due to an increase in trade and other receivables and a decrease in trade and other payables[19]. - The current ratio improved from approximately 5.3 as of December 31, 2023, to approximately 6.1 as of June 30, 2024[19]. - The debt-to-equity ratio improved from approximately 18.5% as of December 31, 2023, to approximately 15.3% as of June 30, 2024[19]. - As of June 30, 2024, the bank balances and cash amounted to approximately RMB 168.8 million, up from approximately RMB 165.3 million as of December 31, 2023, mainly due to net cash generated from operating activities[20]. - The company had no borrowings as of June 30, 2024, and December 31, 2023[21]. - The company’s non-current assets decreased to RMB 49,141,000 as of June 30, 2024, from RMB 55,197,000 at the end of 2023, representing a decline of approximately 11%[47]. - The total liabilities for the disposable plastic lunch box segment were RMB 39,531, while e-commerce liabilities were RMB 4,761, totaling RMB 48,504[59]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Beijing Youpinhui, enhancing its e-commerce capabilities[8]. - The company completed the acquisition of 100% equity in YP Group for a consideration of HKD 18.5 million, paid through the issuance of 74,000,000 ordinary shares[26]. - The company plans to invest in film projects to capitalize on the recovering entertainment demand post-COVID-19[8]. - The company has recognized a financial asset at fair value through profit or loss related to film production investments, valued at RMB 24,625,000 as of June 30, 2024, unchanged from December 31, 2023[77]. Employee and Management Information - The group employed a total of 202 employees as of June 30, 2024, with employee costs amounting to approximately RMB 9.7 million for the six months ended June 30, 2024[31]. - The company reported management compensation of RMB 486,000 for the six months ended June 30, 2024, compared to RMB 454,000 for the same period in 2023, marking an increase of 7.0%[89]. Shareholder Information - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[41]. - The total issued and paid-up ordinary shares remained at 748,482,760 as of both June 30, 2024, and December 31, 2023[88]. - The company has no share option scheme in place as of June 30, 2024[42]. Cash Flow and Working Capital - The net cash generated from operating activities for the six months ended June 30, 2024, was RMB 7,617,000, compared to RMB 9,423,000 for the same period in 2023, indicating a decrease of about 19%[49]. - The company's cash and cash equivalents increased to RMB 168,790,000 as of June 30, 2024, from RMB 124,787,000 a year earlier, reflecting a growth of approximately 35%[49]. - Trade receivables from third parties increased to RMB 70,659,000 as of June 30, 2024, compared to RMB 59,160,000 as of December 31, 2023, representing an increase of approximately 19.4%[79]. - The aging analysis of trade receivables shows that RMB 65,347,000 was overdue as of June 30, 2024, compared to none overdue as of December 31, 2023[82]. - The company maintains a credit period of 60 days for trade receivables, with overdue balances reviewed regularly by senior management[80]. Research and Development - Research and development costs, including employee costs, amounted to RMB 4,960 for the six months ended June 30, 2024, an increase from RMB 3,852 in the previous year[66].

Shareholding Structure - As of December 31, 2023, Mr. Xu holds 301,500,000 shares through a controlled corporation, representing 40.28% ownership, and an additional 74,482,760 shares as a beneficial owner, totaling 50.23%[9] - Ms. Xu, as Mr. Xu's spouse, is deemed to have an interest in the shares held by Mr. Xu, which also totals 50.23%[9] Contractual Arrangements and Control - The company has established a mechanism to control Beijing Yihe's economic interests through exclusive operating and consulting service agreements[14] - The company is limited to holding no more than 50% of Beijing Yihe's equity due to foreign ownership restrictions, necessitating contractual arrangements for control[16] - The exclusive purchase rights agreement allows the company to acquire all or part of the equity or assets of Beijing Yihe at the minimum price permitted by applicable Chinese laws[19] - The company has the right to exercise all shareholder voting rights and other rights of Beijing Yihe's shareholders through a voting rights proxy agreement[24] - The company believes that the contractual arrangements allow it to consolidate the financial performance of Beijing Yihe as if it were a subsidiary[33] - The company has confirmed that the contractual arrangements are established on normal commercial terms and in the overall interest of the company and its shareholders[45] - The company may face significant penalties or be forced to relinquish benefits obtained through the contractual arrangement if the Chinese government deems it non-compliant with foreign investment regulations[66] - The company has taken measures to ensure effective operation and compliance with the contractual arrangement following its implementation[74] - The company has received legal opinions supporting specific measures to comply with the Foreign Investment Law, which may impact its operations and financial condition[43] - The company acknowledges significant uncertainties regarding the interpretation and application of current and future laws and regulations in China, which may affect its contractual arrangements[36] - The company has committed to hiring external legal or other professional advisors to review the implementation of contractual arrangements if necessary[44] Financial Performance - Revenue for the year 2023 reached RMB 323,301 thousand, an increase of 12.5% compared to RMB 287,499 thousand in 2022[139] - Gross profit for 2023 was RMB 94,122 thousand, up from RMB 83,860 thousand in 2022, reflecting a gross margin improvement[139] - Operating profit decreased to RMB 42,181 thousand in 2023 from RMB 47,599 thousand in 2022, indicating a decline of 11.5%[139] - Net profit for the year was RMB 27,578 thousand, down 18.4% from RMB 33,814 thousand in the previous year[139] - Basic and diluted earnings per share for 2023 were RMB 3.68, compared to RMB 4.87 in 2022, representing a decrease of 24.5%[139] - The company reported a total comprehensive income of RMB 27,532 thousand for 2023, down from RMB 32,934 thousand in 2022[139] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 258,614 thousand, an increase from RMB 215,542 thousand in 2022[140] - Cash and cash equivalents increased significantly to RMB 165,252 thousand in 2023 from RMB 118,572 thousand in 2022, showing a growth of 39.3%[140] - Current liabilities rose to RMB 48,402 thousand in 2023 from RMB 44,197 thousand in 2022, indicating a 4.9% increase[140] - The company's equity increased to RMB 261,179 thousand in 2023 from RMB 233,647 thousand in 2022, reflecting a growth of 11.8%[140] Employee and Operational Metrics - The group had 201 employees as of December 31, 2023, an increase from 177 employees in 2022[116] - Employee costs for the year amounted to approximately RMB 24.5 million, compared to RMB 19.0 million in 2022, reflecting a year-on-year increase of about 29.5%[116] Customer and Supplier Concentration - The company's five largest suppliers accounted for approximately 58.9% of total procurement, down from 66.6% in 2022[51] - The five largest customers accounted for approximately 29.8% of the total revenue for the year, compared to 32.2% in 2022[80] - Major customers accounted for approximately 15.5% of total group procurement, down from 16.8% in 2022[112] Acquisitions and Investments - The acquisition agreement dated September 10, 2021, involves the conditional purchase of 100% of the issued share capital of the target company for RMB 72,000,000 (approximately HKD 86,400,000), to be settled through the issuance of new shares at HKD 0.18 per share[48] - The company has entered into a purchase agreement to acquire all issued share capital of Youpinhui Investment Holdings Limited for HKD 18,500,000, which was completed on June 1, 2022[78] - The acquisition of the target company was completed on April 27, 2022, resulting in the group holding 100% equity of the target company[109] - The total consideration for the acquisition was RMB 20,571,430, which included the issuance of 74,482,760 new shares[109] Compliance and Governance - The company has not entered into any significant contracts with its major shareholders as of December 31, 2023[4] - The company has not entered into, updated, or renewed any new contractual arrangements with Chinese contractual entities for the fiscal year ending December 31, 2023[46] - There have been no significant violations or non-compliance with applicable laws and regulations as of December 31, 2023[79] - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[122] - The group has maintained sufficient public float as required by GEM listing rules as of the report date[114] - The company has not changed auditors in the past three years, indicating stability in its financial oversight[164] Future Outlook and Strategy - The company plans to change the VIE structure to allow Beijing Youpinhui to hold the maximum permitted equity in Beijing Yihe, with a proposed ownership split of 50% each between Beijing Youpinhui and individual registered shareholders[47] - The company plans to distribute dividends contingent on profitability and stable operating conditions, with the decision dependent on various financial performance metrics[167] - The annual general meeting is scheduled for May 31, 2024, where shareholders will discuss the company's performance and future strategies[166] - The management team believes the company is well-positioned to compete against industry rivals amid future challenges[196] - The company aims to consolidate its market position and implement business plans to expand market share[196] - Maintaining product safety and environmental friendliness, brand promotion, expanding sales channels, and product customization are key growth drivers for the disposable plastic food container business[196] - The company continues to face external opportunities and challenges, including the popularity of eco-friendly disposable plastic food containers and competition from alternatives made of other materials[196] Risk Management - The company has established measures to protect individual registered shareholders in cases of death, bankruptcy, or divorce[27] - The group emphasizes the importance of maintaining good relationships with stakeholders, with no significant disputes reported during the year[117] - The company has maintained directors' and senior officers' liability insurance to cover potential costs and liabilities arising from claims[84]

Financial Performance - For the year ended December 31, 2023, the group recorded revenue of approximately RMB 323.3 million, representing a year-on-year increase of approximately 12.5% (2022: approximately RMB 287.5 million) [25] - The profit attributable to the owners of the company for the year was approximately RMB 27.6 million, a decrease from approximately RMB 33.8 million in 2022 [25] - The decrease in profit was primarily due to listing expenses of approximately RMB 5.8 million incurred for the proposed transfer of listing [25] - The increase in revenue was mainly driven by the sustained high demand for the group's disposable plastic food containers [25] - The income tax expense increased by approximately RMB 0.8 million or 5.7% from RMB 13.6 million for the year ended December 31, 2022, to approximately RMB 14.4 million for the year ended December 31, 2023 [57] - The debt-to-equity ratio increased from approximately 18.1% as of December 31, 2022, to approximately 18.5% as of December 31, 2023 [63] - As of December 31, 2023, the group had no borrowings, remaining consistent with the previous year [64] Business Development and Strategy - The group aims to continue developing its business, optimizing customer experience, and broadening revenue sources to maximize shareholder returns [20] - The board believes that passive investment in film projects will allow the group to capitalize on the rebound in public entertainment demand as the COVID-19 pandemic eases [18] - The group will continue to explore new strategies for market expansion and product development [20] - The management team believes that maintaining product safety and environmental protection, brand promotion, and expanding sales channels will drive growth in the disposable plastic food container business [26] - The group aims to consolidate its market position and expand market share despite facing challenges from competitors [26] Acquisitions and Investments - The acquisition of Yizhen Media Co., Ltd. was completed on April 27, 2022, for a total consideration of RMB 20,571,430, which is expected to generate revenue for the group [18] - The group acquired 100% equity of Beijing Youpinhui through the acquisition of Youpinhui Enterprises on June 1, 2022, enhancing its e-commerce capabilities [27] - The company agreed to acquire 100% of Yizhen Media for a total consideration of RMB 72 million, equivalent to HKD 86.4 million, through the issuance of new shares [69] - The group has a payable amount of approximately RMB 6.2 million related to the acquisition of 100% equity in Yizhen Media, which is to be settled upon the film's release in Chinese cinemas [65] Corporate Governance - The company is committed to ensuring the accuracy and completeness of the information provided in its announcements [2] - The board is responsible for corporate governance functions, including policy formulation and compliance with legal and regulatory requirements [55] - The board consists of six directors, including three executive directors and three independent non-executive directors, ensuring compliance with GEM listing rules [90] - The company has adopted a board diversity policy, considering various factors such as gender, age, cultural background, and professional experience in board member selection [99] - The independent non-executive directors have confirmed their independence according to GEM listing rules, ensuring proper governance [95] - The company emphasizes high standards of corporate governance to enhance performance and accountability [86] - The board has a balanced composition of skills and experience, with over one-third being independent non-executive directors [92] - The company will review its board diversity policy annually to ensure its effectiveness and relevance [99] - The board is committed to maintaining compliance with legal and regulatory requirements, reflecting a strong governance framework [89] - The company has established a whistleblowing policy to encourage employees to report any misconduct related to financial reporting and compliance [48] Committees and Responsibilities - The audit committee consists of three independent non-executive directors, with the chairman appointed on June 30, 2022 [134] - The remuneration committee is required to hold at least one meeting annually, with additional meetings as needed [136] - The board of directors has delegated specific responsibilities to various committees, including the audit, remuneration, nomination, and risk management committees [131] - The company has established a nomination committee to assess the independence and qualifications of new independent non-executive director candidates [146] - The remuneration committee held two meetings during the fiscal year ending December 31, 2023, to review and recommend compensation policies for the board and senior management [160] Risk Management and Compliance - The company has a risk management framework in place, with measures to address identified internal control deficiencies [188] - The company has outsourced its internal audit function to an independent internal audit firm, which reports directly to the audit committee annually [188] - The company ensures compliance with GEM listing rules and maintains transparency in its governance practices [158] - The company has established a policy to ensure high transparency and timely disclosure of business and financial information to shareholders [184] Future Outlook and Challenges - The group continues to face external opportunities and challenges, including the popularity of eco-friendly disposable plastic food containers and competition from alternatives [26] - The interpretation and application of current and future Chinese laws present significant uncertainties that may affect the company's structure and contractual arrangements [172] - The contractual arrangements may not provide as effective control over Beijing Yihe as direct ownership would [173] Director and Management Compensation - The compensation policy for the board of directors is determined based on individual capabilities, responsibilities, performance, and the group's overall performance [138] - As of December 31, 2023, the senior management's compensation is structured within a range of RMB 0 to RMB 1,000,000, with 8 individuals falling within this bracket [138] - The company is committed to continuous professional development for its directors to enhance their knowledge and skills [150] Miscellaneous - The company has not purchased insurance policies to cover risks associated with contractual arrangements [170] - The company does not bear the losses of Beijing Yihe according to the contractual arrangements, and there is no legal obligation to provide financial support [169] - The company has control over the distribution of dividends or any other payments from Beijing Yihe Group, requiring prior written consent [171] - Ms. Zhu has made an unconditional and irrevocable commitment regarding the contractual arrangement, including signing necessary documents and not interfering with the arrangement [199] - The board confirmed that there has been no interference or obstruction from any Chinese government agencies in business operations through Beijing Yihe as of the report date [200]

Financial Performance - For the nine months ended September 30, 2023, the company's revenue was RMB 234,866,000, an increase of 15.7% compared to RMB 202,943,000 for the same period in 2022[10] - The gross profit for the nine months ended September 30, 2023, was RMB 68,914,000, representing a gross margin of 29.3%, compared to RMB 58,757,000 and a gross margin of 28.9% in the same period of 2022[10] - The operating profit for the nine months ended September 30, 2023, was RMB 29,573,000, a decrease of 14.2% from RMB 34,441,000 in the previous year[10] - The net profit for the nine months ended September 30, 2023, was RMB 19,667,000, down 20% from RMB 24,548,000 in the same period of 2022[10] - The total comprehensive income for the nine months ended September 30, 2023, was RMB 19,593,000, compared to RMB 24,424,000 for the same period in 2022[10] - The company reported a basic and diluted earnings per share of RMB 2.63 for the nine months ended September 30, 2023, down from RMB 3.63 in the same period of 2022[10] Revenue Sources - For the nine months ended September 30, 2023, the company reported a revenue increase primarily due to higher demand for disposable plastic lunch boxes and contributions from the new e-commerce division[43] - Revenue from the "Jazz Rabbit" brand products for the nine months ended September 30, 2023, was RMB 194.24 million, an increase from RMB 183.34 million in the previous year[58] - The total revenue for disposable plastic lunch boxes was RMB 215.13 million for the nine months ended September 30, 2023, compared to RMB 202.94 million in the previous year[58] - Revenue increased from approximately RMB 202.9 million for the nine months ended September 30, 2022, to approximately RMB 234.9 million for the nine months ended September 30, 2023, representing an increase of approximately RMB 32.0 million or about 15.8%[71] - Revenue for the nine months ended September 30, 2023, increased to approximately RMB 166.0 million, up from RMB 144.2 million for the same period in 2022, representing a growth of about 15.1%[94] Expenses and Costs - The net profit for the nine months ended September 30, 2023, decreased by approximately RMB 4.8 million or 19.6% to approximately RMB 19.7 million, mainly due to increased selling expenses and costs related to the listing[50] - Sales expenses for the nine months ended September 30, 2023, were approximately RMB 15.3 million, an increase of about 54.0% compared to RMB 9.9 million for the same period in 2022[73] - R&D costs, including employee costs, rose from RMB 5.3 million for the nine months ended September 30, 2022, to RMB 6.6 million for the same period in 2023[71] - Administrative and other operating expenses rose to approximately RMB 24.2 million for the nine months ended September 30, 2023, an increase of about RMB 9.5 million or approximately 64.6% from RMB 14.7 million for the same period in 2022[96] - The company’s income tax expense increased from approximately RMB 9.7 million for the nine months ended September 30, 2022, to approximately RMB 9.8 million for the same period in 2023, a rise of about 1.0%[75] Acquisitions and Investments - The company completed the acquisition of Yizhen Media Co., Ltd. for a total consideration of RMB 20,571,430, which is expected to generate significant revenue and expand the company's business scope[44] - The company acquired 100% equity of Beijing Youpinhui, which has approximately 40,000 daily active users, enhancing its e-commerce capabilities[69] - The company completed the acquisition of 100% equity in Yizhen Film and Television on April 27, 2022, after adjusting the purchase terms, with a total consideration of RMB 20,571,430[86] - The acquisition of 100% equity in Youpinhui Investment was completed on June 1, 2022, for a total consideration of HKD 18.5 million, paid through the issuance of 74 million ordinary shares[114] Corporate Governance - The company has no known conflicts of interest among directors or major shareholders as of September 30, 2023[84] - The company’s total equity interests held by directors and senior management include 375,982,760 shares, representing approximately 50.23%[101] - The company’s financial reporting processes are overseen by an audit committee consisting of three independent non-executive directors[90] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2023, prior to board approval[112] - The roles of the chairman and the CEO are held by different individuals, ensuring clear separation of responsibilities[108] - The company is committed to maintaining corporate governance standards in line with regulatory requirements[110] Future Outlook - The company has not disclosed specific future outlook or guidance in the provided content[10] - There is no mention of new products, technologies, market expansion, or mergers and acquisitions in the provided content[10] - The company anticipates leveraging the recovery of the entertainment demand in China to invest in film projects, capitalizing on the improving regulatory environment[44] - The company plans to continue optimizing customer experience and broadening revenue sources to maximize shareholder returns[70] - The company is focused on strategic acquisitions to enhance its market position and expand its business operations[105] Shareholder Information - As of September 30, 2023, major shareholders include Prize Investment Limited with 40.28% and Mr. Xu with 9.95%, totaling 50.23% of the company's shares[101] - The company’s basic earnings per share for the nine months ended September 30, 2023, were RMB 26.3, down from RMB 36.4 in the previous year[37] - The company’s total number of ordinary shares remained at 748,483 thousand shares for both periods under review[37] - The company raised net proceeds of approximately RMB 20.4 million from the issuance of 150,000,000 shares at HKD 0.4 each during its listing on July 13, 2020[99] Dividends and Securities - The company did not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous year[62] - No dividends were recommended for the nine months ended September 30, 2023, consistent with the previous year[116] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ended September 30, 2023[115] - The board of directors has established a strict code of conduct for securities trading, compliant with GEM listing rules[111] - The company has not reported any violations of the trading rules by directors during the nine months ended September 30, 2023[111]

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Yik Wo International Holdings Limited 易 和 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8659） 截至二零二三年九月三十日止九個月之 第三季度業績公佈 易和國際控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二三年九月三十日止九個月的未經審核業績。 本公佈載列本公司二零二三年第三季度報告全文，並符合香港聯合交易所有限公司 GEM證券上市規則有關第三季度業績初步公佈附載資料的相關規定。 承董事會命 易和國際控股有限公司 董事長兼執行董事 許有獎 香港，二零二三年十一月十四日 於本公佈日期，執行董事為許有獎先生、許麗萍女士及張緣生先生；及獨立非執行董 事為張世澤先生、劉大進先生及鄧志煌先生。 本公佈（董事願共同及個別對此負全責）乃遵照香港聯合交易所有限公司GEM證券上 ...

Revenue and Profitability - Revenue increased from approximately RMB 129.0 million for the six months ended June 30, 2022, to approximately RMB 147.3 million for the six months ended June 30, 2023, representing an increase of approximately RMB 18.3 million or about 14.2%[15] - Gross profit increased from approximately RMB 37.3 million to approximately RMB 43.0 million, a rise of approximately RMB 5.7 million or about 15.4%, with a slight increase in gross margin from 28.9% to 29.2%[17] - Profit for the six months ended June 30, 2023, decreased by approximately RMB 4.6 million or 29.6% to RMB 10.9 million from RMB 15.5 million for the same period in 2022[32] - Operating profit for the six months ended June 30, 2023, was RMB 16,856 thousand, a decrease of 22.5% from RMB 21,701 thousand in the same period of 2022[93] - Net profit for the six months ended June 30, 2023, was RMB 10,890 thousand, down 29.8% from RMB 15,461 thousand for the same period in 2022[93] - Total comprehensive income for the six months ended June 30, 2023, was RMB 10,767 thousand, a decrease of 29.2% from RMB 15,142 thousand in the same period of 2022[93] Costs and Expenses - Cost of sales rose from approximately RMB 91.8 million to approximately RMB 104.3 million, an increase of approximately RMB 12.5 million or about 13.6%[16] - Administrative and other operating expenses surged from approximately RMB 9.0 million to approximately RMB 16.5 million, an increase of approximately RMB 7.5 million or about 83.3%[19] - Sales expenses for the six months ended June 30, 2023, were approximately RMB 9.4 million, an increase of about 42.4% compared to RMB 6.6 million for the same period in 2022[29] - The cost of inventory recognized as an expense was RMB 81,928,000 for the six months ended June 30, 2023, compared to RMB 78,662,000 for the same period in 2022, indicating an increase of 3%[187] - The total employee costs, including directors' remuneration, amounted to RMB 10,175,000 for the six months ended June 30, 2023, compared to RMB 7,974,000 for the same period in 2022, marking an increase of 28%[187] Cash Flow and Financial Position - The group's cash balance as of June 30, 2023, was approximately RMB 124.8 million, an increase from RMB 118.6 million as of December 31, 2022[35] - The net cash generated from operating activities for the six months ended June 30, 2023, was RMB 9,423,000, a decrease from RMB 20,552,000 in the same period of 2022[123] - The company's total equity as of June 30, 2023, was RMB 244,414,000, up from RMB 233,647,000 as of December 31, 2022[119] - The group’s liquidity ratio decreased from approximately 4.9 as of December 31, 2022, to approximately 4.6 as of June 30, 2023[44] - The group had no borrowings as of June 30, 2023, and December 31, 2022[36] Acquisitions and Investments - The company completed the acquisition of Yizhen Media Co., Ltd. for a total consideration of RMB 20,571,430, which is expected to generate significant revenue and expand the company's business scope[26] - The group acquired 100% equity of Beijing Youpinhui, gaining approximately 40,000 daily active users on its e-commerce platform[27] - The company completed the acquisition of 100% of the issued share capital of Youpinhui Enterprises for a consideration of HKD 18,500,000, paid through the issuance of 74,000,000 ordinary shares[59] - The investment in film production as of June 30, 2023, was valued at RMB 24,625,000, down from RMB 25,572,000 as of December 31, 2022, reflecting a decrease of approximately 3.7%[194] Market and Business Outlook - The company anticipates continued growth driven by the demand for environmentally friendly disposable plastic food containers and advancements in production technology[25] - The overall market for disposable plastic food containers remains robust, with the company focusing on customization to meet customer needs[25] - The new e-commerce division contributed to revenue growth, indicating a successful expansion into digital sales channels[15] - The company aims to maintain product safety and environmental standards while promoting its brand and expanding sales channels[25] Employee and Governance - The group employed a total of 180 employees as of June 30, 2023, with employee costs amounting to approximately RMB 10.9 million for the six months ended June 30, 2023, compared to RMB 8.3 million for the same period in 2022[66] - The employee compensation policy is based on fixed salaries and performance assessments, influencing salary reviews and promotion decisions[66] - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[84] - There were no significant changes in the board of directors' information since the last annual report[89] Financial Reporting and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, with no significant impact on the financial performance and position for the current and prior periods[146] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2023[102] - The company reported no contingent liabilities as of June 30, 2023[64] - There were no significant foreign exchange risks during the period, as most transactions were settled in RMB, and no financial instruments were used for hedging purposes [65] Shareholding and Capital Structure - As of June 30, 2023, the company's issued share capital is approximately HKD 7,500,000, with a total of 748,482,760 ordinary shares issued (par value HKD 0.01 per share) [57] - The shareholding structure indicates that Mr. Xu holds 40.28% of the issued share capital through Prize Investment Limited and 9.95% directly, totaling 50.23% [70]

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Yik Wo International Holdings Limited 易 和 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8659） 截至二零二三年六月三十日止六個月之 中期業績公佈 易和國際控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二三年六月三十日止六個月的未經審核簡明綜 合業績。本公佈載列本公司二零二三年中期報告全文，並符合香港聯合交易所有限公 司GEM證券上市規則有關中期業績初步公佈附載資料的相關規定。 承董事會命 易和國際控股有限公司 董事長兼執行董事 許有獎 香港，二零二三年八月十四日 於本公佈日期，執行董事為許有獎先生、許麗萍女士及張緣生先生；及獨立非執行董 事為張世澤先生、劉大進先生及鄧志煌先生。 本公佈（董事願共同及個別對此負全責）乃遵照香港聯合交易所有限公司GEM證券上 市規則 ...

Financial Performance - Revenue for the three months ended March 31, 2023, was RMB 59,591,000, an increase of 12% compared to RMB 53,224,000 for the same period in 2022[6] - Gross profit for the same period was RMB 16,823,000, representing a gross margin of approximately 28.2%, up from RMB 14,874,000 in 2022[6] - Operating profit decreased to RMB 5,964,000, down 26% from RMB 8,079,000 in the previous year[6] - Net profit for the period was RMB 3,783,000, a decline of 34% compared to RMB 5,711,000 in the same quarter of 2022[6] - Basic and diluted earnings per share were RMB 0.5, down from RMB 1.0 in the prior year[6] - The company reported total comprehensive income of RMB 3,768,000, compared to RMB 5,769,000 in the previous year[6] - The group's gross profit increased from approximately RMB 14.9 million for the three months ended March 31, 2022, to approximately RMB 16.8 million for the three months ended March 31, 2023, representing an increase of about RMB 1.9 million or approximately 13.1%[45] - The overall gross profit margin remained relatively stable at approximately 27.9% for the three months ended March 31, 2022, and approximately 28.2% for the three months ended March 31, 2023[45] - Profit for the period decreased from approximately RMB 5.7 million to approximately RMB 3.8 million, a decrease of about RMB 1.9 million or approximately 33.8%, primarily due to increased administrative and other operating expenses[52] Expenses - Sales expenses increased to RMB 3,770,000, up from RMB 2,686,000, indicating a rise in marketing efforts[6] - Administrative and other operating expenses rose to RMB 7,264,000 from RMB 4,194,000, reflecting increased operational costs[6] - Sales cost rose from approximately RMB 384 million for the three months ended March 31, 2022, to approximately RMB 428 million for the three months ended March 31, 2023, an increase of about RMB 44 million or approximately 11.5%[44] - R&D expenses, including employee costs, increased from RMB 1,235 thousand in 2022 to RMB 1,691 thousand in 2023[36] - Selling expenses rose from approximately RMB 2.7 million to approximately RMB 3.8 million, an increase of about RMB 1.1 million or approximately 40.4%, attributed to increased sales personnel costs and transportation expenses due to more exhibitions in China post-COVID-19[46] - Administrative and other operating expenses increased from approximately RMB 4.2 million to approximately RMB 7.3 million, an increase of about RMB 3.1 million or approximately 73.2%, primarily due to legal and professional expenses related to the potential transfer from GEM to the main board of the stock exchange[49] - Financing costs increased from approximately RMB 41,000 to approximately RMB 47,000, an increase of about RMB 6,000 or approximately 14.6%, mainly due to leasing arrangements for machinery and equipment[50] Shareholder Information - The number of ordinary shares increased from 600,000 thousand shares in 2022 to 748,483 thousand shares in 2023[32] - As of March 31, 2023, the company had a total of 375,982,760 ordinary shares held, representing approximately 50.23% ownership[55] - The company did not recommend the payment of dividends for the three months ended March 31, 2023, consistent with the previous year[31] Investments and Acquisitions - The investment in Yizhen Media, completed on April 27, 2022, for a total consideration of RMB 20,571,430, is expected to generate revenue and expand the company's business scope[37] - The company completed the acquisition of June Pictures & Media Limited, acquiring 100% of its issued share capital for a total consideration of RMB 20,571,430, which included the issuance of 74,482,760 new shares and debt instruments totaling RMB 6,171,428[68] - The acquisition was finalized on April 27, 2022, and the financial statements of the target company will be consolidated into the group's financial statements[68] - There were no significant investments, acquisitions, or disposals made by the group during the three months ended March 31, 2023, apart from the aforementioned acquisition[69] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules during the reporting period[70] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, prior to submission to the board[74] - The roles of the chairman and CEO are separated and held by different individuals, ensuring clear governance structure[70] - The company has implemented a code of conduct for directors' securities transactions, with no violations reported during the three months ended March 31, 2023[73] - No conflicts of interest were reported among directors or major shareholders as of March 31, 2023[66] Future Outlook and Developments - The company continues to focus on expanding its e-commerce platform and product offerings in the disposable plastic food container market[16] - The new e-commerce application platform "Yihotianxia" was launched in July 2022, covering various product categories and offering innovative group buying options[38] - The company began offering advertising space to third-party advertisers on its e-commerce platform "Yihotianxia" starting from the first quarter of 2023[39] - The company appointed a professional third party on February 23, 2023, to prepare for the potential transfer of its shares from GEM to the main board of the stock exchange[56] - There were no subsequent events after March 31, 2023, that could significantly impact the group's assets, liabilities, or future operations[75]

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Yik Wo International Holdings Limited 易 和 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8659） 截至二零二三年三月三十一日止三個月之 第一季度業績公佈 易和國際控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二三年三月三十一日止三個月的未經審核業績。 本公佈載列本公司二零二三年第一季度報告全文，並符合香港聯合交易所有限公司 GEM證券上市規則有關第一季度業績初步公佈附載資料的相關規定。 承董事會命 易和國際控股有限公司 董事長兼執行董事 許有獎 香港，二零二三年五月十五日 於本公佈日期，執行董事為許有獎先生、許麗萍女士及張緣生先生；及獨立非執行董 事為張世澤先生、劉大進先生及鄧志煌先生。 本公佈（董事願共同及個別對此負全責）乃遵照香港聯合交易所有限公司（「聯交所」 ...