中国宏光(08646) - 2025 - 中期业绩

Company Information Board of Directors and Committees This section outlines the composition of the company's board, including executive and independent non-executive directors, and changes in audit, remuneration, and nomination committee members - Executive Directors: Mr. Wei Jiakun (CEO), Ms. Lin Weishan (Chairperson), Ms. Li Wanna[11] - Independent Non-Executive Directors: Ms. Mao Shue (appointed on March 25, 2025), Mr. Jia Xiaogang, Mr. Wu Yong[11] - Audit Committee Chairman: Ms. Mao Shue (appointed on March 25, 2025), Ms. Chen Xiuyan resigned[11] Company Contact and Registration Information This section provides detailed contact and registration information for the company, including its registered office, principal place of business, joint company secretaries, authorized representatives, compliance officer, auditor, share registrar, and principal bankers - Registered Office: Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands[11] - Principal Place of Business in Hong Kong: Units 1202, 1204–06, 12th Floor, Chinese Bank Building, 61 Des Voeux Road Central, Hong Kong[12] - Auditor: Zhongzheng Tianheng Certified Public Accountants Limited[11] - Stock Code: 8646[13] Interim Unaudited Results Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income This statement reports the unaudited condensed consolidated profit or loss and other comprehensive income for the six months ended June 30, 2025, showing significant profit growth but increased other comprehensive loss during the period Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Summary | Indicator | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 72,230 | 82,846 | (10,616) | -12.81% | | Cost of Sales | (49,416) | (62,686) | 13,270 | -21.17% | | Gross Profit | 22,814 | 20,160 | 2,654 | 13.16% | | Other Net Income | 16,583 | 737 | 15,846 | 2149.93% | | Operating Profit | 33,293 | 13,284 | 20,009 | 150.62% | | Profit Before Tax | 31,407 | 11,081 | 20,326 | 183.43% | | Income Tax Expense | (2,378) | (1,696) | (682) | 40.21% | | Profit for the Period | 29,029 | 9,385 | 19,644 | 209.31% | | Basic and Diluted Earnings Per Share (RMB cents) | 6.32 | 2.04 | 4.28 | 209.80% | | Total Comprehensive Income for the Period | 28,308 | 8,905 | 19,403 | 217.89% | Condensed Consolidated Statement of Financial Position As of June 30, 2025, the company's net assets and total equity increased, with a significant improvement in net current assets, reflecting a robust financial position Condensed Consolidated Statement of Financial Position Summary | Indicator | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Non-current Assets | 62,093 | 65,315 | (3,222) | -4.93% | | Current Assets | 470,257 | 403,376 | 66,881 | 16.58% | | Current Liabilities | 155,868 | 122,641 | 33,227 | 27.09% | | Net Current Assets | 314,389 | 280,735 | 33,654 | 11.99% | | Total Assets Less Current Liabilities | 376,482 | 346,050 | 30,432 | 8.79% | | Non-current Liabilities | 6,383 | 4,259 | 2,124 | 49.87% | | Net Assets | 370,049 | 341,791 | 28,258 | 8.27% | | Total Equity | 370,099 | 341,791 | 28,308 | 8.28% | Condensed Consolidated Statement of Changes in Equity For the six months ended June 30, 2025, the company's total equity increased from RMB 341,791 thousand at the beginning of the period to RMB 370,099 thousand at the end, primarily due to profit for the period of RMB 29,029 thousand, despite other comprehensive losses - Profit for the period: RMB 29,029 thousand (2024: RMB 9,385 thousand)[22] - Other comprehensive loss: RMB (721) thousand (2024: RMB (480) thousand)[22] - Total comprehensive income for the period: RMB 28,308 thousand (2024: RMB 8,905 thousand)[22] - Total equity as of June 30, 2025: RMB 370,099 thousand (December 31, 2024: RMB 341,791 thousand)[22] Condensed Consolidated Statement of Cash Flows For the six months ended June 30, 2025, net cash from operating activities significantly increased, but the net increase in cash and cash equivalents turned into a net decrease, resulting in a lower cash balance at period-end Condensed Consolidated Statement of Cash Flows Summary | Indicator | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Net Cash (Used In) / From Operating Activities | 45,303 | 851 | 44,452 | 5223.50% | | Net Cash From Investing Activities | – | 1 | (1) | -100.00% | | Net Cash From Financing Activities | 44,183 | 833 | 43,350 | 5204.08% | | Net Increase (Decrease) in Cash and Cash Equivalents | (1,120) | 1,685 | (2,805) | -166.47% | | Cash and Cash Equivalents at End of Period | 1,408 | 2,852 | (1,444) | -50.63% | Notes to the Condensed Consolidated Interim Financial Information This section provides supplementary information for the interim results, including detailed accounting policies, revenue breakdown, expense composition, taxation, earnings per share, balance sheet item changes, and share capital information General Information and Accounting Policies This section describes the company's registration details and primary business (manufacturing and selling architectural glass products), confirming that the interim report is prepared in accordance with IFRS and the Hong Kong Companies Ordinance on a historical cost basis - The company was incorporated in the Cayman Islands on May 25, 2017, and its shares have been listed on the GEM of the Hong Kong Stock Exchange since January 13, 2020[26] - Principal business: Manufacturing and selling architectural glass products in China[26] - Financial statements prepared in accordance with International Financial Reporting Standards and the disclosure requirements of the Hong Kong Companies Ordinance, and in compliance with the GEM Listing Rules[27] Revenue and Segment Reporting This section discloses that the company's revenue primarily derives from selling glass products in China, broken down by product line, showing energy-saving and safety glass products as the main revenue source, but with significant growth in smart glass products revenue; the company operates in a single operating segment Revenue from Contracts with Customers by Major Product Line | Product Line | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Sales of energy-saving and safety glass products | 67,721 | 81,690 | (13,969) | -17.10% | | Sales of smart glass products | 4,509 |