同方友友中期报告2023

CONTENTSPageCorporate Information2Management Discussion and Analysis6Corporate Governance and Other Information18Independent Review Report37Interim Condensed Consolidated Statementof Profit or Loss39Interim Condensed Consolidated Statementof Comprehensive Income41Interim Condensed Consolidated Statementof Financial Position43Interim Condensed Consolidated Statementof Changes in Equity47Interim Condensed Consolidated Statementof Cash Flows49Notes to Interim Condensed ConsolidatedFinancial Information51Definitions88 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Gao Zhi(Chairman)Mr. Liu Zhigang(resigned on 1 April 2023) Non-executive Directors Mr. Liang Wu QuanMr. Zhou Hai Ying Independent non-executive Directors Mr. Fan Ren Da AnthonyMr. Liu Tian MinMs. Li Ming Qi AUDIT COMMITTEE Ms. Li Ming Qi(Chairlady)Mr. Fan Ren Da AnthonyMr. Liu Tian Min REMUNERATION COMMITTEE Mr. Liu Tian Min(Chairman)Mr. Gao ZhiMr. Fan Ren Da AnthonyMs. Li Ming Qi NOMINATION COMMITTEE Mr. Gao Zhi(Chairman)Mr. Fan Ren Da AnthonyMr. Liu Tian MinMs. Li Ming Qi RISK MANAGEMENT ANDREGULATORY COMPLIANCECOMMITTEE Mr. Fan Ren Da Anthony(Chairman)Mr. Gao ZhiMr. Liang Wu QuanMr. Zhou Hai YingMr. Liu Tian MinMs. Li Ming QiMr. Liu Zhigang(resigned on 1 April 2023) AUTHORIZED REPRESENTATIVES Mr. Gao ZhiMr. Ho Yuk Ming Hugo COMPANY SECRETARYMr. Ho Yuk Ming Hugo HONG KONG BRANCH SHAREREGISTRAR 1617 Tricor Investor Services Limited17/F., Far East Financial Centre16 Harcourt RoadHong Kong AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong LAWYER AS TO HONG KONG LAWS 15191902-09 Morgan, Lewis & BockiusSuites 1902-0919th FloorEdinburgh TowerThe Landmark15 Queen’s Road CentralHong Kong PRINCIPAL BANKS Bank of ChinaHong Kong LimitedSPD Bank Shenzhen BranchChina Construction Bank Guangdong Branch,Heshan Sub-branch REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS INHONG KONG 118343405 Unit 3405, 34th Floor118 Connaught Road WestHong Kong PRINCIPAL SHARE REGISTRAR Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586, Gardenia CourtCamana Bay, Grand CaymanKY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586, Gardenia CourtCamana Bay, Grand CaymanKY1-1100Cayman Islands www.neo-neon.com COMPANY WEBSITE ADDRESS www.neo-neon.com 1868 STOCK CODE 1868 MANAGEMENT DISCUSSIONAND ANALYSIS FINANCIAL REVIEW Revenue 326.6343.64.9% The total revenue from continuing operations forthe Period was approximately RMB326.6 million,representing a decrease of approximately 4.9%as compared to approximately RMB343.6 millionfor the six months ended 30 June 2022. Forfurther details, please refer to the below. Continuing Operations 326.6343.617.010.5 Therevenue from continuing operations(research and development, manufacturing oflighting products and distribution and providingsolutions of lighting products) for the Periodwasapproximately RMB326.6 million,whichrepresenteda decrease of approximatelyRMB17.0 million as compared to approximatelyRMB343.6million for the six months ended30June 2022.Such decrease was mainlyattributableto the decreased revenue ofapproximately RMB10.5 million from the PRClighting segment due to a decrease in ordersthis year resulting from the ongoing economicdownturn in international market and decreasein customers’ purchasing power. FINANCIAL REVIEW(Continued) Cost of goods sold 187.0227.640.6 Forthe Period,the cost of goods sold fromcontinuingoperations was approximatelyRMB187.0million,representing a decreaseofapproximately RMB40.6 million over costofgoods sold of approximately RMB227.6million for the six months ended 30 June 2022primarily due to the decrease in material costsfor both PRC lighting segment and USA lightingsegment. Gross profit and gross profit margin 139.6116.123.5 Forthe Period,the Group recorded a grossprofit of approximately RMB139.6 million fromcontinuing operations, representing an increaseofRMB23.5 million over the gross profit ofapproximatelyRMB116.1 million for the sixmonths ended 30 June 2022 primarily due tothe expansion of sales channels with high grossprofit from the USA lighting segment and theincrease in product prices for the PRC lightingsegment. 42.7%33.8%8.9 Forthe Period,the Group recorded a grossprofitmargin of approximately 42.7%forc o n t i n u i n go p e r a t i o n s ,r e p r e s e n t i n g a nincrease of 8.9% over a gross profit margin ofapproximately 33.8% for the six months ended30 June 2022. The reason for such increase issame as the reason for the increase in grossprofit. FINANCIAL REVIEW(Continued) Other income, gains and losses, net 29.531.82.32.00.9 For the Period, the Group recorded other income,gains and losses,