In addition, we have launched the technology licensing business in September 2024 and have recorded strong growth since then.
Financial Information · 第 235 页
In December 2025, we launched the business to serve the needs for comprehensive medical imaging services of hospitals and medical institutions, where we integrated our software with tailor-made servers, in the way to facilitate operations of iMed MaaS^®^ platform within customers’ secured environments.
(v) gains from disposal of subsidiaries, primarily representing the gains from the disposal of Shenzhen Niuer Robot and its subsidiary, which primarily acted as an integrator focusing on semiconductor industry.
Financial Information · 第 243 页
(vi) gains from disposal of a joint venture, representing the gains from the disposal of Neura Robotics, which primarily engaged in the R&D of advanced robotics technologies.
Financial Information · 第 243 页
Considering that both us and Neura Robotics were at the early stage of development and that Neura Robotics focused on the R&D of high-tech products that required substantial capital resource, we determined to prioritize the use of capital resources in our core product development.
In November 2024 and May 2025, we respectively entered into an agreement and a supplemental agreement with Nanjing Chemical Fibre Co., Ltd. (南京化纖股份有限公司) (stock code: 600889.SH) (“Nanjing Chemical Fibre”), pursuant to which we agreed to transfer approximately 3% equity interest in Nanjing Technical Equipment Manufacture Co., Ltd. (南京工藝裝備製造股份有限公司) (“Nanjing Technical Equipment”) held by our Group in exchange for approximately 1.89% equity interest in Nanjing Chemical Fibre (the “Proposed Transaction”), which forms part of the asset restructuring of Nanjing Chemical Fibre.
Summary · 第 26 页
Our Directors consider that the Proposed Transaction has been entered into on normal commercial terms, which are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
we anticipate a year-over-year decline in gross profit margin for others in 2025 compared to 2024, primarily because we launched frozen food sorting and dispatch services in March 2025.
Summary · 第 14 页
This new operation demands substantial upfront investment and requires time to build revenue.
Summary · 第 14 页
This represents a transformative expansion of our capabilities, filling a gap in our previous service portfolio.
We began offering complete device assembly on a large scale in 2021, and our complete device assembly experienced rapid ramp up during the Track Record Period. As a percentage of our total revenue, complete device assembly revenue grew from 1.1% in 2022 to 14.7% in 2023 and 20.7% in 2024.
Business · 第 169 页
In addition, we proactively expand into broad and high-growth-potential areas and extend horizontally into diversified markets such as smart retail devices, industrial applications, smart home, humanoid robots and AI glasses/XR head-mount displays, creating a multi-faceted presence in various emerging markets.
The revenue from our assembly character toys increased by 553.5% from RMB117.7 million in 2022 to RMB769.0 million in 2023, and increased by 323.8% from RMB241.4 million in the six months ended June 30, 2023 to RMB1,023.1 million in the six months ended June 30, 2024.
Summary · 第 3 页
We pivoted to offline sales channel with a focus on distributors as we began to offer assembly character toys in 2022.
Summary · 第 3 页
The reasons for such terminations primarily include (i) termination with certain brick-based toy distributors as we focused on the growth of assembly character toys which we began to offer in January 2022 and (ii) certain distributors who no longer meet our cooperation criteria such as our minimum purchase requirement or stopped being toy distributors due to their own business reasons.
Our results of operations may also be affected by changes in our business mix.
Financial Information · 第 362 页
During the Track Record Period, our intelligent automotive vision business recorded a gross loss margin of 1.1% in 2021, and a gross profit margin of 17.5%, 14.9%, 10.2% and 15.3% in 2022, 2023 and the five months ended May 31, 2023 and 2024, respectively.
Financial Information · 第 363 页
The fluctuations were primarily because in 2021, our intelligent automotive vision business was in its early stage of development and in 2022 we started to benefit from the economies of scale as we commenced mass production for several intelligent automotive lamp projects.
广东集信国控检测认证技术服务中心股份有限公司GUANGDONG SYNTRUST GK TESTING AND CERTIFICATION TECH SERVICE CENTER CO., LTD.08629.HK
2024年5月起新增食品检测服务
Since May 2024, as part of our expansion plan, while remaining our primary business focus on construction engineering testing and inspection services, we have commenced to diversify our service offerings and provide food testing services, which contributed 12.3% to our total revenue generated in 6M2024.
Summary · 第 1 页
Since May 2024, we have also commenced to provide food testing services.
天津建设发展集团股份公司Tianjin Construction Development Group Co., Ltd.02515.HK
2020年底起业务重心转向大型项目
Since late 2020, in order to capture the business opportunities arising from the substantial investment in infrastructure projects of larger size by the local government in Tianjin, we adjusted our business focus from small-to-mid size construction projects to large scale construction projects (i.e. projects with original contract value (not including VAT) of more than RMB10.0 million) to expand our business and enhance our market position in the construction industry in Tianjin.
Summary · 第 3 页
During the Track Record Period, we recognized revenue of RMB45.6 million, RMB203.2 million, RMB241.6 million and RMB75.3 million, from 6, 11, 19 and 12 large scale projects, respectively, accounting for 49.4%, 73.9%, 83.9% and 71.2% of our total revenue of the same year/period, respectively.
Summary · 第 3 页
Despite we adjusted our business focus since late 2020 from small-to-mid size construction projects to large scale construction projects, particularly municipal public construction projects, there was no material change in our profitability during the Track Record Period, and our gross profit margin maintained relatively stable at 28.4%, 26.1%, 25.2% and 25.1% respectively during the Track Record Period.
As at the Latest Practicable Date, we had a food processing plant project in progress in Yibin City, Sichuan Province, of which the slaughterhouse began operations in October 2023 with a target annual slaughtering capacity of over three million heads of pigs.
Summary · 第 7 页
We have also established a joint venture with Tönnies (one of the largest integrated meat product enterprise in Germany) and are constructing a slaughterhouse in Meishan City, Sichuan Province with a target initial annual slaughtering capacity of over two million heads of pigs.
Revenue from marketing and operating online game products attributable to the joint-run model was RMB453.3 million, RMB977.2 million, RMB2,383.8 million, RMB753.9 million and RMB814.8 million in 2020, 2021, 2022 and the four months ended April 30, 2022 and 2023, respectively, accounting for 15.8%, 17.2%, 27.8%, 27.0% and 34.9% of our revenue from our online game publishing business during these periods, respectively.
Summary · 第 4 页
For example, as our gross profit margin under the joint-run model is generally lower compared to that under the self-run model, our overall gross profit margin may decline if a higher portion of our revenue is derived from the joint-run model.
In 2020, 2021, 2022 and the four months ended April 30, 2022 and 2023, our revenue generated from consumer product business amounted to nil, RMB30.3 million, RMB215.8 million, RMB35.5 million and RMB81.8 million, accounting for nil, 0.5%, 2.4%, 1.1% and 3.2% of our total revenue, respectively.
Business · 第 224 页
Since launch of the Zha Zha Hui brand, GMV generated by this brand increased significantly from RMB2.4 million in 2020 to RMB87.6 million in 2021, and further to RMB315.9 million in 2022.
Business · 第 215 页
Our consumer product business have diversified our revenue composition and have facilitated our expansion into offline channels, enabling us to generate larger end-user base and accumulate more end-user insights, which in turn allows us to further optimize our marketing and operation capabilities.
In exchange of their rights, SunHo is obligated to pay RMB20.0 million assignment fee by installments.
Business · 第 313 页
In addition, in the occurrence of pre-specified safety issues resulting in the aforementioned failure of IMM2505, SunHo is entitled to a 50% payment return and we are entitled to restitutions of the transferred rights and interests of IMM2505 upon the termination of this agreement.
怡俊集团控股有限公司Easy Smart Group Holdings Limited02442.HK
由小型项目转向大额合约项目
Based on the consolidated management accounts for the years ended 30 June 2017, 2018 and 2019 prepared by the management of our Group, our Group in general recorded lower revenue in the three financial years prior to the Track Record Period than in the Track Record Period as we shifted our focus during the Track Record Period from smaller projects to projects with larger contract sums which could therefore generate more revenue.
Financial Information · 第 294 页
Despite the slight decrease in the number of projects from the year ended 30 June 2020 to the year ended 30 June 2022, our revenue continued to increase as we were able to secure and undertake more sizeable projects during the Track Record Period and we shifted our focus from smaller projects to projects with larger contract sums.
In particular, while we have been in operation for years, it was not until 2010 that we began to focus on developing and offering cloud-based HCM solutions, our current business focus.
Business · 第 207 页
In addition, our Core HCM Solutions, one of our key modules, was only launched in 2015, and it usually takes two to four years for a brand new module to achieve initial market acceptance with scalable revenue streams.
Business · 第 207 页
Therefore, despite our inception in 2005, we have a relatively limited history operating our current business, and as a result, our historical profitability may not be indicative of our future performance.
Our other gains, net increased from RMB44.1 million for the fiscal year of 2021 to RMB73.0 million for the fiscal year of 2022, primarily due to the recognitions of (i) fair value gains on foreign exchange forward contracts of RMB14.7 million, and (ii) gains on disposal of subsidiaries of RMB11.9 million in relation to the disposal of our equity interest in Beisen Shengya in September 2021 as part of our business reorganization plan to streamline our business.
Financial Information · 第 293 页
Our other gains, net decreased from RMB3.3 million for the fiscal year of 2019 to RMB2.1 million for the fiscal year of 2020, primarily due to the increase in net foreign exchange losses of RMB4.3 million, which was partially offset by the increase in gains on disposal of subsidiaries of RMB3.0 million in relation to the disposal of our equity interest in Ruizheng HR Management.