Business Expansion and Market Position - The company successfully listed on the Hong Kong Stock Exchange's GEM on July 9, 2018, expanding its customer base in the printing, logistics, and medical device sectors[16]. - As of December 31, 2018, the company provided services to approximately 315 small and medium-sized enterprises across 27 provinces, cities, and autonomous regions in China[16]. - The company has expanded its services to the medical device industry since October 2018, capitalizing on growth opportunities in this sector[16]. - The company plans to continue consolidating its position as a major market participant in China's financing leasing industry, enhancing overall competitiveness and market share[20]. - The financing leasing market in China is expected to grow significantly due to increasing demand and policy support for small and medium-sized enterprises[17]. - The company aims to help upgrade the medical industry by focusing on medical device leasing and related fields[17]. Financial Performance - The group’s revenue increased by approximately RMB 8.3 million or about 16.0% to approximately RMB 60.4 million for the year ended December 31, 2018, compared to RMB 52.1 million in 2017[25]. - The group provided financing leasing services to approximately 315 small and medium-sized enterprise clients across 27 provinces, cities, and autonomous regions in China as of December 31, 2018, up from 292 clients in 2017[24]. - The group recorded a significant foreign exchange gain of approximately RMB 0.65 million due to the conversion of proceeds from share sales into RMB for use in its China operations[26]. - The group’s profit attributable to owners for the year ended December 31, 2018, was approximately RMB 16.9 million, an increase from RMB 9.6 million in 2017[37]. - The group’s total equity increased to approximately RMB 283.4 million as of December 31, 2018, from RMB 210.4 million in 2017[39]. - The group’s cash and cash equivalents amounted to approximately RMB 25.0 million as of December 31, 2018, compared to RMB 2.3 million in 2017[39]. Employee and Operational Costs - Employee costs increased from approximately RMB 6.5 million in 2017 to about RMB 8.3 million in 2018, primarily due to an increase in employee numbers and salaries[27]. - The company reported a total employee cost of approximately RMB 8.3 million for the year ended December 31, 2018, an increase of 27.7% from RMB 6.5 million in 2017[49]. - The company increased its workforce to 48 employees as of December 31, 2018, up from 34 employees in 2017[49]. - Financing costs rose from approximately RMB 8.8 million in 2017 to about RMB 12.2 million in 2018, mainly due to increased interest expenses from interest-free deposits and bank borrowings[33]. Corporate Governance - The company is committed to corporate governance, presenting a governance report for the fiscal year ending December 31, 2018, to ensure transparency and accountability[78]. - The company has adopted and complied with the corporate governance code as per GEM listing rules, ensuring transparency and accountability in its operations[79]. - The board of directors is responsible for major decisions, including financial data and significant transactions, with management supporting the board's duties[80]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and experience[86]. - The company has arranged appropriate liability insurance for all directors, which will be reviewed regularly by the board[83]. Risk Management and Compliance - The risk management manager has over 9 years of experience, focusing on client due diligence and credit assessment, which strengthens the company's risk management framework[74]. - The company has implemented a clear organizational structure with defined responsibilities and authority for internal controls[146]. - The board believes that the risk management and internal control systems adopted for the year ended December 31, 2018, are effective[146]. - All directors confirmed compliance with the GEM Listing Rules regarding securities transactions during the relevant period[138]. - The company has adopted a code of conduct to ensure high ethical standards and values in all business practices[146]. Environmental, Social, and Governance (ESG) Initiatives - The first Environmental, Social, and Governance (ESG) report was presented, highlighting the company's commitment to corporate social responsibility[163]. - The ESG report covers the company's overall performance and selected key performance indicators from January 1, 2018, to December 31, 2018[164]. - The total greenhouse gas emissions for the reporting period amounted to 115.73 tons of CO2 equivalent, with direct emissions (Scope 1) at 8.94 tons, energy indirect emissions (Scope 2) at 3.32 tons, and other indirect emissions (Scope 3) at 103.47 tons[181]. - The company aims to minimize carbon emissions and energy consumption, focusing on reducing waste generation as part of its social responsibility[174]. - The company has implemented a customer feedback system to evaluate the services provided[172]. Shareholder Engagement - The company emphasizes investor relations, encouraging shareholders to attend annual and special general meetings to address their inquiries[153]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting, demonstrating the company's commitment to shareholder rights[154]. - The company maintains a policy for fair disclosure and comprehensive reporting of its performance and business[153]. - The company encourages continuous dialogue with shareholders to facilitate informed decision-making and engagement[158].
紫元元(08223) - 2018 - 年度财报