目 錄 公司資料 2 主席報告書 4 管理層討論與分析 5 企業管治報告 12 環境、社會及管治報告 26 董事會報告 92 董事簡歷詳情 108 獨立核數師報告書 110 綜合損益表 116 綜合損益及其他全面收益表 117 綜合財務狀況表 118 綜合權益變動表 120 綜合現金流量表 122 財務報表附註 124 五年財務資料概要 195 公司資料 董事會 執行董事 胡長源先生 （主席） 胡明烈先生 （行政總裁） 朱文俊先生 授權代表 審核委員會 柴朝明先生 （主席） 魯 紅女士 樓 棟博士 薪酬委員會 樓 棟博士 （主席） 魯 紅女士 朱文俊先生 提名委員會 柴朝明先生 （主席） 魯 紅女士 樓 棟博士 公司秘書 梅雅美女士 獨立非執行董事 柴朝明先生 樓 棟博士 魯 紅女士 朱文俊先生 梅雅美女士 主要法律顧問 香港 中倫律師事務所有限法律責任合夥 中國 北京德恒（杭州）律師事務所 開曼群島 Conyers Dill & Pearman, Cayman 核數師 畢馬威會計師事務所 於《會計及財務匯報局條例》下的註冊公眾利益實體核數師 註冊辦事處 Cricket Square Hutchins Dri ...

Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：505） 截至二零二四年十二月三十一日 止年度的全年業績 興業合金材料集團有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公 司（統稱「本集團」）截至二零二四年十二月三十一日止年度的綜合業績，連同截至二零 二三年十二月三十一日止年度的比較數字如下： 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告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 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。 綜合損益表 截至二零二四年十二月三十一日止年度 （以人民幣列示） | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | 收益 | 4 | 8,053,401 | 6,323,174 | | 銷售成本 | | (7,291,849) | (5,712,840) | | 毛利 | | 761,552 | 61 ...

9 Xingye Alloy Materials Group Limited 奥 業 合 金 材 料 集 團 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號：00505 2024 中期報告 目 錄 公司資料 2 綜合損益表 4 綜合損益及其他全面收益表 5 綜合財務狀況表 6 綜合權益變動表 8 簡明綜合現金流量表 10 未經審核中期財務報告附註 11 管理層討論與分析 29 36 其他資料 公司資料 董事會 執行董事 胡長源先生（主席） 胡明烈先生（行政總裁） 朱文俊先生 獨立非執行董事 柴朝明先生 樓棟博士 魯紅女士 審核委員會 柴朝明先生（主席） 魯紅女士 樓棟博士 公司秘書 梅雅美女士 授權代表 朱文俊先生 梅雅美女士 主要法律顧問 中國和香港 中倫律師事務所╱中倫律師事務所有限法律責任合夥 開曼群島 Conyers Dill & Pearman, Cayman | --- | --- | |---------------------|------------------------------------------------| | | | | 薪酬委員會 | 核數師 | | 樓棟博士 ...

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告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 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。 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：505） 截至二零二四年六月三十日止六個月的中期業績 興業合金材料集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（「本集團」）截至二零二四年六月三十日止六個月的未經審核綜合業績如下： 綜合損益表 截至二零二四年六月三十日止六個月 （以人民幣列示） | --- | --- | --- | --- | |-----------------------------------------------------|-------|-----------------------------------------------------------------|----------------------------------- ...

Financial Performance - For the fiscal year ending December 31, 2023, the total revenue recorded by Xingye Alloy Materials Group Limited was RMB 6,323.2 million, representing a 1.4% increase compared to RMB 6,238.5 million in 2022[16]. - The profit attributable to shareholders decreased from RMB 216.6 million in 2022 to RMB 187.4 million in 2023, a decline of 13.5%[16]. - The group sold a total of 139,259 tons of products in 2023, maintaining sales volume compared to the previous year[12]. - The group recorded a net loss of RMB 16.8 million from metal futures contracts in 2023, compared to a net gain of RMB 12.7 million in 2022[16]. - The group achieved a gross profit of RMB 610.3 million, up 3.8% from RMB 587.0 million in 2022, primarily due to reduced processing costs and lower inventory impairment provisions[32]. - Other income decreased to RMB 26.7 million, down RMB 1.4 million from the previous year, mainly due to a lack of material insurance compensation recorded in 2022[34]. - The group recorded other losses of RMB 20.5 million, a significant change from other income of RMB 11.4 million in 2022, primarily due to losses from metal futures contracts[35]. - Distribution expenses decreased to RMB 57.1 million from RMB 61.1 million in 2022, attributed to reduced distribution service fees[36]. - Administrative expenses increased to RMB 339.7 million from RMB 334.1 million in 2022, mainly due to higher travel costs[37]. - Financial income netted RMB 3.8 million, a decrease from RMB 17.1 million in 2022, primarily due to reduced foreign exchange gains[39]. - The effective tax rate increased to 16.1% from 13.1% in 2022, due to increased taxable profits from a subsidiary[40]. - The game business generated revenue of RMB 10.8 million in 2023, down from RMB 13.6 million in 2022, with a net loss of RMB 4.9 million compared to a loss of RMB 0.2 million in the previous year[30]. Market Outlook - For 2024, the expected core price fluctuation range for copper is projected to be USD 7,500 to USD 9,000 per ton, with domestic copper prices expected to range from RMB 62,000 to RMB 72,000 per ton[18]. - The anticipated macroeconomic recovery in 2024 is expected to be supported by interest rate cuts in major economies and continued domestic consumption stimulus policies[13]. - The copper processing industry is expected to face intensified competition due to a mismatch between new capacity release and overall demand growth[29]. Business Strategy - The company plans to enhance its organizational optimization and management efficiency to strengthen its core competitiveness and industry position in 2024[13]. - The group aims to expand its overseas market orders and maintain high-value product market share amidst increasing competition in the domestic copper processing industry[12]. - The group plans to enhance its product structure by increasing the proportion of high-end products to meet the growing demand in sectors such as new energy vehicles and electronics[21]. - The group is focusing on digital transformation by implementing various information technology projects to support the transition to a digital factory[28]. - The group is actively optimizing its management and organizational structure to improve efficiency and adapt to changing market demands[24]. Employee and Corporate Governance - As of December 31, 2023, the group had 1,578 employees, with a focus on competitive compensation and annual training programs for skill enhancement[56]. - The company emphasizes environmental protection and resource recycling in its operations, adhering strictly to environmental regulations[57]. - The board is committed to high levels of corporate governance, ensuring accountability and transparency to meet stakeholder expectations[60]. - The company has adopted the Corporate Governance Code and confirmed compliance with the standards set forth in the listing rules[61][62]. - The company has established a culture focused on employee well-being, customer satisfaction, and shareholder value since 2015[67]. - The company has a clear written authority framework for management to report to the board on daily operations[71]. - The company is dedicated to innovation and integrity in providing quality products to its customers[63]. - The company has not reported any confirmed violations of labor regulations or incidents of child or forced labor in 2023[94]. Community Engagement and Social Responsibility - The company actively engages in social performance initiatives, including community support and employee development programs[134]. - The company donated over 4,000 yuan worth of books to Dongyi Primary School and provided 10 printers valued at 10,000 yuan to Bailu Group as part of its community investment initiatives[134]. - Total charitable contributions rose to 578,900 CNY in 2023, significantly higher than 120,000 CNY in 2022[125]. - Employee participation in volunteer activities decreased to 280 individuals in 2023 from 550 in 2022[125]. Innovation and Development - In 2023, the company launched over 50 technical transformation projects to enhance competitiveness and support the development of high value-added products[25]. - The number of patents granted increased to 12 in 2023, up from 8 in 2022[124]. - The company conducted a freedom-to-operate (FTO) analysis for copper alloy patents C70250, C64750, C19900, and C18140, identifying no potential patent infringement risks[80]. Shareholder and Financial Management - The company reported a distributable reserve of RMB 787,604,000 as of December 31, 2023[162]. - The top five customers accounted for approximately 15.3% of total sales revenue, while the largest customer contributed about 5.7%[179]. - The top five suppliers represented around 54.3% of total procurement, with the largest supplier accounting for approximately 29.2%[179]. - The company has established several contractual agreements to ensure operational control and financial performance flow into Hefei Yueyou[194]. - The company has complied with all disclosure requirements under the Listing Rules regarding related party transactions[159].

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告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 截至二零二三年十二月三十一日 止年度的全年業績 興業合金材料集團有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司 （統稱「本集團」）截至二零二三年十二月三十一日止年度的綜合業績，連同截至二零二二 年十二月三十一日止年度的比較數字如下： 綜合損益表 截至二零二三年十二月三十一日止年度 （以人民幣列示） | --- | --- | --- | --- | |------------------------|-------|-------------------------|-----------------------| | | 附註 | 二零二三年 人民幣千元 | 二零二二年 人民幣千元 | | 收益 銷售成本 | 4 | 6,323,174 (5,712,840) | 6,238,504 (5,650,557) | | 毛利 | | 610,334 | 587,947 | | | | ...

Interim Report 2023 中期報告 興業合金材料集團有限公司 INTERIM REPORT 2023 中期報告 2023 2 公司資料 6 綜合財務狀況表 11 未經審核中期財務報告附註 執行董事 Xingye Alloy Materials Group Limited (incorporated in the Cayman Islands with limited liability) Stock Code : 00505 目錄 5 綜合損益及其他全面收益表 10 簡明綜合現金流量表 40 其他資料 獨立非執行董事 薪酬委員會 提名委員會 董事會 柴朝明先生 樓棟博士 魯紅女士 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 4 綜合損益表 8 綜合權益變動表 31 管理層討論與分析 公司資料 審核委員會 樓棟博士（主席） 魯紅女士 朱文俊先生 柴朝明先生（主席） 魯紅女士 樓棟博士 胡長源先生（主席） 胡明烈先生（行政總裁） 朱文俊先生 柴朝 ...

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告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：505） 截至二零二三年六月三十日止六個月的中期業績 興業合金材料集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 附屬公司（「本集團」）截至二零二三年六月三十日止六個月的未經審核綜合業績如下： 綜合損益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 附註 二零二三年 二零二二年 人民幣千元 人民幣千元 （未經審核） （未經審核） 收益 4 2,809,295 3,222,331 銷售成本 (2,523,454) (2,946,403) ...

Audit Committee and External Auditor - The audit committee held 2 meetings in the fiscal year ending December 31, 2022, with all members attending both meetings[1][7] - The company paid approximately RMB 2.46 million for audit services and RMB 33,000 for non-audit services to KPMG in 2022[24] - The audit committee is responsible for reviewing the scope, results, and cost-effectiveness of audits, as well as the independence and objectivity of the external auditor[2][12] - The audit committee is authorized to have full access to management and receive reasonable resources to perform its duties effectively[13] - The company has appointed KPMG as its external auditor for the fiscal year ending December 31, 2022, until the conclusion of the next annual general meeting[36] Board Governance and Diversity - The company has established a formal, transparent process for appointing new directors, with the nomination committee responsible for identifying and recommending suitable candidates[6][17] - The company has implemented a board diversity policy since August 28, 2013, and achieved gender diversity at the board level since May 2016[18][22] - The company has a diversified board policy, considering factors such as gender, age, cultural and educational background, professional experience, and skills for board appointments[40] - The board of directors includes three independent non-executive directors, ensuring balanced power and authority within the group[125] - The nomination committee, consisting of three independent non-executive directors, held at least one formal meeting during the fiscal year ended December 31, 2022[126] Risk Management and Internal Controls - The risk management and internal control system is designed to provide reasonable but not absolute assurance against material misstatement or loss[24] - The audit committee oversees the design, implementation, and monitoring of the risk management and internal control systems[24] - The company has established a department responsible for risk monitoring and internal audit, with quarterly reviews of risk management and internal control systems[43] - The Board of Directors has reviewed the effectiveness of the risk management and internal control systems and deemed them effective and comprehensive[44] - The company has implemented strict procedures and internal controls for handling and disseminating inside information, adhering to the guidelines issued by the Securities and Futures Commission[91] Financial Performance and Position - The company's financial statements for 2022 were prepared on a going concern basis, with appropriate and consistent accounting policies adopted[19] - Net current assets increased to RMB 903.4 million as of December 31, 2022, compared to RMB 686.4 million as of December 31, 2021[101] - Capital gearing ratio decreased to 33.0% as of December 31, 2022, from 33.9% as of December 31, 2021[102] - Total assets pledged for bank credit amounted to RMB 503.1 million as of December 31, 2022, down from RMB 617.1 million as of December 31, 2021[103] - The company did not conduct any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year ended December 31, 2022[97] - The company's profit attributable to shareholders decreased by RMB 60.4 million to RMB 216.6 million in 2022[134] - As of December 31, 2022, the company had short-term bank loans and other borrowings of RMB 745.1 million, with 40.0% of the debt being secured[135] - The company invested RMB 134.1 million in property, plant, and equipment in 2022, funded through internal resources and bank loans[136] - The company's income tax expense decreased by RMB 43.9 million from RMB 76.5 million in 2021 to RMB 32.6 million in 2022, with the effective tax rate dropping to 13.1% from 21.6% due to 100% additional deduction for qualified R&D expenses[188] ESG and Sustainability - The company's ESG report excludes the gaming business segment, which accounted for 0.22% of revenue in 2022[60] - The company has established a top-down ESG governance framework, with the Board of Directors taking overall responsibility for ESG matters[65] - The company's ESG report is prepared in accordance with the Hong Kong Stock Exchange's ESG Reporting Guide and the GRI Standards[62] - The company has a whistleblowing and anti-corruption policy, with further disclosures available in the ESG section of the annual report[77] - The company's ESG report covers the period from January 1, 2022, to December 31, 2022, with some information appropriately traced back to previous years for clarity and comparability[80] - The company has a strong focus on environmental sustainability, with dedicated recycling facilities to reuse metals and other resources in production[104] - The company increased its recycled copper imports by 50.4% in 2022 compared to 2021, effectively addressing raw material supply difficulties caused by domestic pandemic conditions and reducing the proportion of new material usage to lower production costs[193] - The company shifted its raw material procurement supply chain center from Shanghai to Ningbo and Jiangxi near Zhejiang regions, with Shanghai taking a secondary position, to reduce logistics costs and ensure supply timeliness during the Shanghai pandemic outbreak[193] Corporate Governance and Compliance - The company has adopted an anti-corruption policy effective from July 5, 2022, emphasizing zero tolerance for corrupt practices[31] - The company has a whistleblowing policy in place since March 29, 2012, to address concerns related to financial reporting, internal controls, or other corporate misconduct[51] - The company has a procedure for shareholders to nominate candidates for directorship, with details available on the company's website[48] - The company has a clear process for shareholders to request an extraordinary general meeting, with provisions for reimbursement of reasonable expenses if the Board fails to convene the meeting[55] - The company has maintained compliance with the Corporate Governance Code as set out in Appendix 14 of the Listing Rules of the Hong Kong Stock Exchange[108] - The company's charter documents, including the Memorandum and Articles of Association, are available on its website and the Stock Exchange's website, with no changes in 2022[58] - The company's Board of Directors guarantees the accuracy of the report's content, with no false statements, misleading information, or significant omissions[89] - The company updated its "Core Shareholder Protection Standards" to ensure fair and transparent related-party transactions[152] Remuneration and Compensation - The remuneration committee aims to hold at least 2 meetings annually to review and recommend compensation policies for directors and senior management[14] - The company has established a formal and transparent policy for director remuneration, with salary ranges between RMB 1,000,001 to RMB 3,000,000[128] - The company's executive directors' compensation includes fixed and variable elements, with the variable portion based on performance and approved by the board[143] Investor Relations and Communication - The Board of Directors maintains regular communication with institutional investors and analysts to keep them informed about the company's strategies, operations, management, and plans[54] - The company has implemented a disclosure policy to ensure timely, accurate, and detailed disclosure of significant information, with management controls to identify and assess potential insider information[45] - The company uses its website to communicate important information to shareholders, including announcements, circulars, annual reports, and interim reports[69] - The company adheres to strict information disclosure and investor relationship management practices, ensuring shareholders' rights to information and participation[147] Operational and Financial Highlights - Funnytime achieved revenue of RMB 13.6 million in 2022, a 30.8% increase from 2021, with a net loss of RMB 0.2 million, a 92.9% reduction from the previous year, driven by the launch of two new games[129] - The company's other expenses decreased by RMB 60.7 million to RMB 1.3 million in 2022, primarily due to a RMB 59.7 million net loss on derivative financial instruments in 2021[131] - Administrative expenses increased by RMB 20.1 million to RMB 334.1 million in 2022, mainly due to higher R&D costs[133] - The company has foreign exchange risk exposure due to exports and imports denominated in foreign currencies, and uses forward foreign exchange contracts and options to hedge this risk[139] - The company's chairman and CEO roles are separated, with Mr. Hu Changyuan serving as chairman and Mr. Hu Minglie as CEO[141] Employee Training and Development - The company organized a total of 19,505 training sessions, covering 103,354.5 class hours in 2022, focusing on safety, quality, and operational skills[162] - The employee turnover rate for probationary employees decreased by 2% year-on-year in 2022, marking a continuous decline for three years[162] - The company implemented a "mentorship system" for production staff, enhancing skill levels and reducing turnover[162] - The company established the "Xingye Craftsman" award, recognizing 10 employees with the title in January 2022[170] Safety and Environmental Compliance - The company conducted 9 safety and environmental inspections in 2022, including checks on hazardous chemicals and electrical safety[168] - No work-related deaths, fires, explosions, or chemical poisoning incidents occurred during the reporting period[169] - The company conducted monthly inspections on hazardous chemical storage to ensure compliance with government regulations[168] Community Engagement and Social Responsibility - The company donated 15 sets of school uniforms and over 30,000 RMB worth of supplies to underprivileged students in 2022[171] - Employees accumulated over 1,700 volunteer hours participating in community service activities, including pandemic relief efforts[171]

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告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 Xingye Alloy Materials Group Limited 興業合金材料集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：505） 截至二零二二年十二月三十一日 止年度的全年業績 興業合金材料集團有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司 （統稱「本集團」）截至二零二二年十二月三十一日止年度的綜合業績，連同截至二零二一 年十二月三十一日止年度的比較數字如下： 綜合損益表 截至二零二二年十二月三十一日止年度 （以人民幣列示） 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 收益 4 6,238,504 6,949,881 ...