Our other income and gains increased by RMB2,478 million (or by 211.1%), from RMB1,174 million for the three months ended March 31, 2024 to RMB3,652 million for the three months ended March 31, 2025, primarily as we recorded foreign exchange gains, net, of RMB2,439 million mainly as a result of due to a significant decrease in inter-company payables by our overseas subsidiaries, as a result of appreciation of the functional currencies of such subsidiaries against the RMB.
For the years ended December 31, 2022 and 2023, we recorded other net gains of RMB3.0 million and RMB0.3 million, respectively, while we incurred other net losses of RMB1.2 million, RMB0.5 million and RMB0.3 million for the year ended December 31, 2024 and the four months ended April 30, 2024 and 2025, respectively.
Financial Information · 第 251 页
Other gains and losses, net decreased by 90.0% from RMB3.0 million in 2022 to RMB0.3 million in 2023, primarily due to the decrease in exchange gain, net resulted from foreign exchange fluctuations which were out of our control.
In 2022, 2023 and 2024, we recorded net foreign exchange income of RMB114.0 million, RMB97.9 million and RMB86.0 million, respectively. For the three months ended March 31, 2024 and 2025, we recorded net foreign exchange losses of RMB2.5 million and RMB28.7 million, respectively.
佳鑫国际资源投资有限公司Jiaxin International Resources Investment Limited03858.HK
汇兑净亏损对业绩造成重大影响
Our other net losses primarily include net foreign exchange (losses)/gains resulting from the depreciation/appreciation of Euro, U.S. dollars, Renminbi and Tenge against Hong Kong dollars as majority of our transactions was denominated in Euro, U.S. dollars, Renminbi and Tenge.
Financial Information · 第 417 页
Our other net losses increased significantly from HK$9.4 million in 2023 to HK$83.7 million in 2024, primarily attributable to a HK$75.3 million increase in foreign exchange losses, which was primarily due to the depreciation of Tenge against Euro in such period, in connection with conversion of Subsidiary ZV’s Euro-denominated financial liabilities to Tenge, its functional currency.
Financial Information · 第 422 页
Our net foreign exchange losses in the six months ended June 30, 2025 primarily resulted from the depreciation of RMB against Euro in such period, in connection with conversion of Subsidiary ZV’s Euro-denominated financial liabilities to RMB, after its change of functional currency from Tenge to RMB during the period.
佳鑫国际资源投资有限公司Jiaxin International Resources Investment Limited03858.HK
确认递延所得税资产致8260万港元所得税抵免
In the six months ended June 30, 2025, as we commenced phase I commercial production at our Boguty Project, our management considered it is probable that future taxable profits will be available to utilize the related tax losses, and therefore, we recognized deferred income tax assets on tax losses carried forward and result in an income tax credit of HK$82.6 million for the six months ended June 30, 2025.
Financial Information · 第 412 页
As such, such judgments and estimates may potentially yield materially different results under different assumptions and conditions.
Financial Information · 第 412 页
As of June 30, 2025, we had unused tax losses of HK$295.9 million.
Other income and gains increased from RMB77.7 million in 2023 to RMB115.6 million in 2024, primarily due to an increase in additional VAT deduction from RMB0.8 million in 2023 to RMB40.6 million in 2024, due to the additional 5% deduction calculated based on the input VAT from the VAT payable enjoyed by certain companies within our Group and partially offset by a decrease in interest income from RMB19.3 million in 2023 to RMB14.8 million in 2024 due to a decrease in interest rate, and a decrease in foreign exchange gains of RMB12.3 million in 2023 to RMB10.6 million in 2024, which in turn was primarily due to fluctuations in the exchange rate between the U.S. dollar and RMB.
Financial Information · 第 362 页
Additional VAT deduction represents an additional 5% deduction calculated based on the input value-added tax (''VAT'') from the VAT payable.
Our other gains and losses, net consist of government grants and others, net foreign exchange (loss)/gain, (loss)/gain on disposal of property, plant and equipment, gain on early termination of leases and VAT input tax deduction, amounted to RMB51.5 million, RMB54.9 million, RMB88.9 million, RMB23.7 million and RMB18.0 million in 2022, 2023, 2024 and the three months ended March 31, 2024 and 2025, respectively.
Financial Information · 第 317 页
Our other gains, net increased from RMB54.9 million in 2023 to RMB88.9 million in 2024, primarily due to increase in VAT input tax deduction and government grants.
Financial Information · 第 326 页
Our other gains, net, decreased from RMB23.7 million in the three months ended March 31, 2024, to RMB18.0 million in the three months ended March 31, 2025, primarily because we were not entitled to a VAT input tax deduction during the three months ended March 31, 2025.
广州银诺医药集团股份有限公司Guangzhou Innogen Pharmaceutical Group Co., Ltd.02591.HK
2024年确认终止租赁合约收益420万元
We terminated this lease in Shanghai in June 2024 based on our assessment that the designed manufacturing capacity of such pilot facility does not meet our future demands for commercial-scale production of our drug products.
Financial Information · 第 398 页
Our other income and gains increased from RMB16.8 million in 2023 to RMB20.1 million in 2024, primarily because we recognized gain on termination of a lease contract of RMB4.2 million in 2024 as a result of our termination of the lease for a pilot facility in Shanghai.
Our other income decreased by 44.3% from RMB1,017.2 million in 2023 to RMB567.0 million in 2024, primarily due to a decrease in government grants received as a result of a policy change.
Financial Information · 第 237 页
Our other income consists of (i) various government grants we received from PRC government authorities, (ii) interest income, (iii) compensation income and (iv) others, which primarily consists of deduction for value-added tax.
Our other income, net decreased by 54.7% from RMB73.2 million in 2022 to RMB33.2 million in 2023, primarily due to a net foreign exchange loss recorded in 2023, compared to a significant net foreign exchange gain in 2022, resulting from macroeconomic factors affecting exchange rates.
Financial Information · 第 414 页
We recorded other loss, net of RMB1.6 million in 2024, compared to other income, net of RMB33.2 million in 2023, primarily due to the impact of fluctuations in exchange gains and losses, as well as the decline in interest income, which resulted from a decline in our weighted average bank deposit balance.
北京讯众通信技术股份有限公司Beijing Xunzhong Communication Technology Co., Ltd.02597.HK
增值税优惠取消致其他收入大降
Our other income and gains decreased significantly by 63.6% from RMB26.9 million in 2022 to RMB9.8 million in 2023, primarily due to a reduction in tax incentives on value-added tax and a decrease in one-off government grants from local government.
Financial Information · 第 337 页
As our Company no longer benefits from the favorable VAT tax policies due to its revocation, there was no deductible input VAT income received and classified as Other Income and Gains for the year ended December 31, 2024.
北京讯众通信技术股份有限公司Beijing Xunzhong Communication Technology Co., Ltd.02597.HK
云溪合同一次性减值拨备2,160万元
Our impairment losses on financial assets, contract assets, and other assets increased significantly from RMB6.3 million in 2023 to RMB46.3 million in 2024.
Financial Information · 第 335 页
Even though the likelihood of the Company winning the litigation is high, based on the principle of prudence, the Company has made a 40% impairment provision, amounting to RMB21.6 million, for the Yunxi Purchase Contract, representing RMB54.08 million in other receivables from Beijing Yunxi.
Financial Information · 第 330 页
Consequently, the Company considers that this one-off increase in impairment losses on financial assets, contract assets, and other assets has not adversely impacted, and will not adversely impact, the Group's operations or financial performance.
The higher net loss in 2023 compared to 2022 was mainly due to the investment losses on disposal of financial investments related to the Athene Reinsurance transaction in Japan as previously mentioned.
Financial Information · 第 362 页
The higher net loss in 2023 compared to 2022 was mainly due to the investment losses on disposal of financial investments related to the Athene Reinsurance transaction in Japan as previously mentioned.
The compensation represents the compensation payable to our Company by non-controlling shareholders of Hubei New Liuwu due to their failure to meet the cumulative net profit commitments for the years ended December 31, 2022, 2023, and 2024 as stipulated in the share transfer agreement signed with our Company in April 2022.
Financial Information · 第 297 页
Our other income and gains, net decreased by 9.9% from RMB290.4 million in 2023 to RMB261.7 million in 2024, primarily due to (i) a decrease in government grants, and (ii) a decrease in interest income, partially offset by an increase in compensation from noncontrolling shareholders of subsidiary of RMB47.1 million in 2024.
Our other income and gains increased from RMB23.1 million in 2023 to RMB59.1 million in 2024, primarily due to (i) an RMB28.0 million convertible bond related government grant recognized as other income in 2024 to cover our interest expense under our convertible bond.
Financial Information · 第 348 页
In addition, as we fulfilled all the Conditions attaching to the Bond-related Grant in June 2024, the remaining Bond-related Grant is recognized as other income in 2024 and is one-off in nature, we expect a decrease in other income in 2025.
Our other income decreased by 57.8% from RMB16.6 million for the year ended December 31, 2023 to RMB7.0 million for the year ended December 31, 2024, primarily due to (i) a decrease in tax incentives and other government grants from RMB7.1 million for the year ended December 31, 2023 to RMB0.8 million for the year ended December 31, 2024, primarily as a result of the expiry of the additional input value-added tax credit for enterprises in the lifestyle services industry effective from October 1, 2019 to December 31, 2023; and (ii) a decrease in our interest income from RMB8.5 million for the year ended December 31, 2023 to RMB5.2 million for the year ended December 31, 2024, as we ceased to provide loans to third parties as part of our cash management strategy.
Our other income increased significantly from RMB39.1 million in 2022 to RMB139.9 million in 2023, mainly due to an increase in special government subsidies from a local government based on our local tax contributions.
Financial Information · 第 388 页
Our other income increased by 37.5% from RMB139.9 million in 2023 to RMB192.3 million in 2024, mainly due to an increase in special government subsidies from a local government based on our local tax contributions.
Our other gains, net decreased by 86.5% from RMB471.3 million in 2022 to RMB63.6 million in 2023, mainly due to relatively higher net gains of RMB445.4 million recorded in 2022 from the disposal of property, plant and equipment and other long-term assets, resulting from compensation for the transfer of a land use right owned by us, which was one-off in nature.
容大合众(厦门)科技集团股份公司Rongta Technology (Xiamen) Group Co., Ltd.09881.HK
政府补助变动左右其他收入及净利润
We received various government grants from local government authorities amounted to RMB11.2 million, RMB6.7 million and RMB13.5 million in FY2022, FY2023 and FY2024, respectively, which were recorded in our other income in our consolidated statements of comprehensive income.
Financial Information · 第 328 页
Such increase was primarily attributable to (i) the increase in gross profit by RMB13.9 million for FY2024 as compared to FY2023 and (ii) the increase in other income from RMB10.4 million for FY2023 to RMB16.9 million for FY2024 as a result of the increase in government grants received.
Summary · 第 14 页
Our other income decreased from RMB12.9 million for FY2022 to RMB10.4 million for FY2023, which was primarily due to the decrease in government grants and subsidies.
容大合众(厦门)科技集团股份公司Rongta Technology (Xiamen) Group Co., Ltd.09881.HK
远期外汇合约公允价值变动致损益波动
Such losses was mainly attributable to the turnaround from gain from changes in fair values on forward foreign exchange contracts of RMB0.5 million for FY2022 to loss of RMB3.9 million for FY2023, as a result of the weakening of RMB against USD from USD1:RMB6.8966 as at 1 January 2023 to USD1:RMB7.1429 as at 31 December 2023.
Financial Information · 第 359 页
Such turnaround was primarily due to the increase in exchange gain – net by RMB1.2 million and the decrease in loss from changes in fair values of foreign currency forward contracts of RMB0.5 million.
Financial Information · 第 354 页
As at 31 December 2024, we have closed all our position in foreign exchange forward contracts.