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分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。 XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：98） 截至二零二二年十二月三十一日止年度 末期業績公佈 | --- | --- | --- | |-------|-----------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------| | | | | | | 財務摘要 | | | 1. | 營業額增加 9.7% 至約人民 ...

Revenue and Profitability - Revenue for the six months ended June 30, 2022, was RMB 7,854,963 thousand, an increase of 18.1% compared to RMB 6,645,617 thousand for the same period in 2021[9] - Total revenue for the group was RMB 7,854,963,000, reflecting a year-over-year increase of 18.1% from RMB 6,645,617,000[30] - The company reported a net profit attributable to shareholders decreased by 20.8% to approximately RMB 307.6 million, with a net profit margin dropping to 3.9% from 5.8% in the previous year[98] - Profit for the period was RMB 308,490 thousand, a decrease of 20.4% from RMB 387,397 thousand in the previous year[10] - Basic and diluted earnings per share for the period were RMB 0.73, down from RMB 0.93 in the previous year[9] Gross Profit and Margins - Gross profit for the same period was RMB 781,286 thousand, up 3.2% from RMB 756,659 thousand year-on-year[9] - The overall gross profit for the first half of 2022 increased by 3.3% to approximately RMB 781.3 million, with a gross margin decreasing to 9.9% from 11.4% in the previous year[94] - Gross profit for the construction aluminum profiles segment was RMB 651,023,000, up from RMB 574,020,000, indicating a growth of 13.4%[33] Assets and Liabilities - Non-current assets amounted to RMB 3,416,823 thousand as of June 30, 2022, compared to RMB 3,126,054 thousand at the end of 2021[12] - Total liabilities increased to RMB 1,719,422 thousand from RMB 492,617 thousand year-over-year, representing a significant rise of 248%[15] - The company reported a net asset value of RMB 4,478,224 thousand, slightly down from RMB 4,479,400 thousand year-over-year, indicating a marginal decrease of 0.03%[16] - The company’s total assets less current liabilities stood at RMB 5,566,675 thousand, down from RMB 5,799,103 thousand, a decrease of 4%[15] Cash Flow and Financing - Net cash generated from operating activities decreased to RMB 239,134 thousand compared to RMB 503,795 thousand in the previous year, a decline of 52.7%[20] - Financing activities generated a net cash inflow of RMB 640,358 thousand, up from RMB 489,310 thousand, marking an increase of 30.8%[22] - Cash used in investment activities amounted to RMB (592,802) thousand, compared to RMB (297,945) thousand in the previous year, reflecting an increase of 99%[19] - The company’s cash flow from operating activities was impacted by income tax payments of RMB 88,089 thousand, compared to RMB 70,899 thousand last year, an increase of 24%[20] Inventory and Receivables - The company reported a significant increase in inventory and other contract costs, reaching RMB 1,748,695 thousand, up from RMB 1,481,803 thousand[14] - The total inventory as of June 30, 2022, was RMB 7,073,677,000, compared to RMB 5,888,958,000 as of June 30, 2021, marking an increase of 20.2%[53] - The impairment provision for trade receivables increased to RMB 348,158,000 as of June 30, 2022, from RMB 223,611,000 as of December 31, 2021, representing a significant rise of 55.7%[56] Employee and R&D Expenses - Employee costs rose to RMB 505,642,000, up from RMB 449,858,000, driven by increased salaries and benefits[37] - Research and development expenses amounted to RMB 379,610,000, compared to RMB 272,876,000 in the previous year, highlighting a focus on innovation[39] Market and Product Development - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and product offerings[7] - The company plans to start construction of a new manufacturing base in Zhejiang in the second half of 2022, aiming for full production in 2023[86] - The company is investing $10 million in R&D for new technologies aimed at improving production efficiency[131] Customer and Sales Performance - The customer base is diversified, with no individual customer accounting for more than 10% of total revenue for the six months ended June 30, 2022[31] - Sales volume reached 317,780 tons, a slight increase of 0.8% from 315,357 tons in the first half of 2021[86] - The company achieved overseas sales of RMB 895 million, accounting for approximately 1.1% of total sales[87] Corporate Governance and Compliance - The board confirmed compliance with the corporate governance code throughout the first half of 2022[128] - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial results for the first half of 2022[130] Future Outlook - The company provided a future outlook with a revenue guidance of $600 million for Q3 2023, representing a 20% increase compared to Q2 2023[131] - New product launches are expected to contribute an additional $50 million in revenue by the end of the fiscal year[131] - Market expansion plans include entering two new countries, projected to increase market share by 5%[131]

XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司 / Annual Report 2021 年報 1 Content 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Chairman's Statement | 主席報告 | 5 | | Management Discussion and Analysis | 管理層討論及分析 | 9 | | Directors and Senior Management | 董事及高級管理人員 | 24 | | Report of the Directors | 董事會報告 | 37 | | Corporate Governance Report | 企業管治報告 | 71 | | Environmental, Social and Governance Report | 環境、社會及管治報告 | 87 | | Independent Auditor's Report on the | 綜合財務報表之獨立核數師報告 | | | Consolidated Fin ...

Financial Performance - For the six months ended June 30, 2021, the company reported revenue of RMB 6,645,617 thousand, an increase of 47.0% compared to RMB 4,526,551 thousand for the same period in 2020[14] - The gross profit for the same period was RMB 756,659 thousand, representing a gross margin of approximately 11.4%, compared to RMB 576,257 thousand in 2020[14] - Operating profit increased to RMB 476,818 thousand, up 51.2% from RMB 315,296 thousand in the previous year[14] - The net profit attributable to equity shareholders for the period was RMB 388,520 thousand, a significant increase of 53.6% compared to RMB 252,761 thousand in 2020[15] - The total comprehensive income for the period was RMB 404,965 thousand, compared to RMB 305,532 thousand in the same period last year, reflecting a growth of 32.5%[16] - The profit before tax for the six months ended June 30, 2021, was RMB 443,198,000, an increase of 66% from RMB 267,058,000 in the same period of the previous year[37] - Basic earnings per share for the six months ended June 30, 2021, were RMB 0.928, compared to RMB 0.603 for the same period in 2020, representing a 54% increase[48] - Diluted earnings per share for the six months ended June 30, 2021, were RMB 0.925, up from RMB 0.603 in the same period of 2020, indicating a 53.5% increase[50] Revenue Breakdown - The revenue from industrial aluminum profiles was RMB 1,469,472,000, up 52% from RMB 968,494,000 in the previous year[32] - The revenue from architectural aluminum profiles reached RMB 4,949,735,000, representing a 43% increase from RMB 3,457,194,000 in the prior year[32] - Revenue from construction aluminum profiles increased by 43.2% to approximately RMB 4,949,700,000, with sales volume rising by 20.0% to about 234,348 tons[96] - Industrial aluminum profiles revenue surged by 51.7% to approximately RMB 1,469,500,000, with sales volume increasing by 26.2% to about 78,164 tons[98] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended June 30, 2021, was RMB 503,795,000, compared to RMB 208,082,000 for the same period in 2020, representing an increase of approximately 142.5%[27] - The total net cash increase for cash and cash equivalents for the six months ended June 30, 2021, was RMB 693,203,000, significantly up from RMB 15,725,000 in the same period of 2020[28] - The company reported cash and cash equivalents of RMB 1,197,399 thousand, up from RMB 509,639 thousand in the previous year[18] - The current ratio improved to 1.40 from 1.30, reflecting an increase in cash and cash equivalents due to more bank financing[111] - The group's cash and cash equivalents as of June 30, 2021, were approximately RMB 1,197,400,000, up from RMB 509,600,000 as of December 31, 2020[120] Assets and Liabilities - Current assets as of June 30, 2021, totaled RMB 6,950,561 thousand, an increase from RMB 5,692,350 thousand at the end of 2020[18] - Total liabilities increased to RMB 4,978,428 thousand, compared to RMB 4,387,097 thousand in 2020, indicating a rise in financial obligations[20] - The company's total non-current liabilities as of June 30, 2021, amounted to RMB 776,708,000, compared to RMB 318,868,000 as of December 31, 2020, indicating a substantial increase[21] - The company's total liabilities as of June 30, 2021, were RMB 1,206,000,000, which is a significant increase from the previous reporting period[21] - Total borrowings increased to RMB 3,437,927,000 as of June 30, 2021, from RMB 1,130,292,000 at the end of 2020, reflecting a substantial rise in leverage[67] Operational Efficiency and Costs - Employee costs for the six months ended June 30, 2021, amounted to RMB 449,858,000, an increase of 30.1% from RMB 345,860,000 for the same period in 2020[40] - Research and development costs for the six months ended June 30, 2021, were RMB 272,876,000, up 35.8% from RMB 200,898,000 in the prior year[41] - The cost of inventory for the six months ended June 30, 2021, was RMB 5,888,958,000, compared to RMB 3,950,294,000 for the same period in 2020, reflecting a 49.2% increase[41] - The distribution costs increased by 3.7% to approximately RMB 148,600,000, accounting for 2.2% of revenue, down from 3.2%[108] Strategic Plans and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[11] - Future guidance indicates a focus on increasing production capacity and exploring potential mergers and acquisitions to drive growth[11] - The company anticipates continued growth in revenue driven by increased demand in both industrial and architectural aluminum sectors[38] - The company plans to strategically reduce orders from smaller developers while focusing on long-term partnerships with leading real estate developers to mitigate operational risks[99] - The company is committed to enhancing production efficiency and risk resilience through digital upgrades in production management and aims to expand capacity[99] Corporate Governance and Compliance - The board held only one full board meeting in the first half of 2021, deviating from the corporate governance code which recommends at least four meetings annually[140] - The audit committee consists of three independent non-executive directors and one non-executive director, ensuring compliance with listing rules[142] - The audit committee is chaired by a member with professional qualifications in financial matters, enhancing oversight of financial reporting[142] - The company confirmed compliance with the standards of the code of conduct for securities transactions by directors during the first half of 2021[141] Dividends and Shareholder Returns - The company did not declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[71] - For the six months ended June 30, 2021, the company declared a dividend of HKD 0.36 per share, compared to HKD 0.28 per share for the same period in 2020, representing a 28.57% increase[72]

(Incorporated in the Cayman Islands with limited liability) (HKEX stock code: 98) （於開曼群島註冊成立之有限公司） （香港交易所股份代號: 98 ） Annual Report 2019 年 報 XINGFA ALUMINIUM HOLDINGS LIMITED Annual Report 2019 年報 興發鋁業控股有限公司 Website 網址: www.xingfa.com Unit No. 5, 6th Floor, Wing On Plaza, No. 62 Mody Road, Kowloon, Hong Kong 香港九龍麼地道62號永安廣場6樓605室 Tel 電話: 852-2175 5388 Fax 傳真: 852-2175 5383 No. 5, Zone D, Central Science and Technology Industrial Park, Foshan District, Foshan City, Guangdong Province, China (Postcode: 528137) 中 ...