盛力达科技中期报告2024

CONTENTS Corporate Information2 Financial Highlights4 Management Discussion and Analysis5 Interim Condensed Consolidated Income Statement18 Interim Condensed Consolidated Statement ofComprehensive Income19 Interim Condensed Consolidated Balance Sheet20 Interim Condensed Consolidated Statement ofChanges in Equity22 Interim Condensed Consolidated Statement of Cash Flows23 Notes to the Interim Condensed Consolidated FinancialInformation25 Corporate Governance and Other Information50 Glossary55 Corporate Information BOARD OF DIRECTORSExecutive Directors Mr. Zhang Degang (Chairman)Mr. Zhang DeqiangMs. Feng Lili Non-executive DirectorsMs. Zhang Jinghua Independent non-executive Directors Mr. Leung Yiu ChoMr. Yu JianfengMr. Zhong Ruifeng SUPERVISORS Mr. Peng Jiashan (Chairman)Ms. Wei YiMs. Yang Jinghua AUDIT COMMITTEE Mr. Leung Yiu Cho (Chairman)Mr. Yu JianfengMr. Zhong Ruifeng REMUNERATION AND APPRAISAL COMMITTEE Mr. Yu Jianfeng (Chairman)Mr. Zhong RuifengMr. Zhang Deqiang NOMINATION COMMITTEE Mr. Zhang Degang (Chairman)Mr. Yu JianfengMr. Zhong Ruifeng STRATEGIC COMMITTEE Mr. Zhang Degang (Chairman)Mr. Zhang DeqiangMr. Leung Yiu Cho ACG, ACS(PE) COMPANY SECRETARYMs. Ho Wing Yan (ACG, ACS(PE)) ACG, ACS(PE) AUTHORISED REPRESENTATIVES Mr. Zhang DegangMs. Ho Wing Yan (ACG, ACS(PE)) Corporate Information REGISTERED OFFICE 1 1 Yanxin Road EastHuishan Economic Development ZoneWuxiJiangsu ProvincePRC HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN PRC 1 1 Yanxin Road EastHuishan Economic Development ZoneWuxiJiangsu ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 6–8272703 Suite 2703, 27th Floor, Shui On Centre6–8 Harbour RoadWanchaiHong Kong AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISERS TO THE COMPANYONC Lawyers(as to Hong Kong law) H H SHARE REGISTRAR 338333301–04 Union Registrars LimitedSuites 3301–04, 33/F.,Two Chinachem Exchange Square338 King’s RoadNorth PointHong Kong PRINCIPAL BANKER 9 China Merchants Bank Wuxi branchNo. 9, Xueqian StreetWuxi CityJiangsu ProvincePRC www.wxsunlit.com COMPANY’S WEBSITE www.wxsunlit.com Management Discussion and Analysis BUSINESS REVIEW 2024 In the first half of 2024, the Group has been committed to thedevelopmentof the industry.To ensure the competitiveadvantagesof products of the Company in the market,theCompanyhas continued to improve the technology of ourproducts,increased the investment in research anddevelopment,and broadened the fields of application of ourproducts,thereby maintaining its leading position in theindustry. 20241,389.11,404.74.9%6.1%279.330.5%202410.5%5.2592 According to the data from the China Association of AutomobileManufacturers(“CAAM”),domestic sales of automobilesincreasedslightly year-on-year in the first half of 2024,theproduction and sales of automobiles in the PRC amounted to13.891million units and 14.047 million units,respectively,representing slight increases of 4.9% and 6.1%, respectively, ascomparedto the corresponding period of last year.Chinaexported 2.793 million automobiles, representing an increase of30.5%year-on-year.Driven by the continuous growth of theautomobilemarket,the production of rubber tyre outer tyresincreased by 10.5% to 525.92 million units in the first half of2024 as compared to that for the corresponding period of lastyear. 20246 30189.3%1.5354298.0%3,156 The Group completed the acceptance and commissioning of anumberof projects in the first half of the year,achieving asubstantial growth in overall performance as compared to thatfor the corresponding period of last year. For the six monthsended 30 June 2024, the Group’s total revenue increased byapproximately 189.3% year-on-year to RMB153.54 million, whilenet profit increased by approximately 298.0% to approximatelyRMB31.56 million. Management Discussion and Analysis 20246 30153,500,000202353,100,000100,500,000189.3% Ourrevenue for the six months ended 30 June 2024 wasRMB153.5 million, representing an increase of RMB100.5 million,orapproximately 189.3%,from RMB53.1 million for thecorresponding period of 2023. 20232024 Theincrease in revenue was mainly due to the signing of alarge sales order with a major customer in 2023. Several ordershave been tested and accepted in the first half of 2024. 20246 3020236 3079,300,0002024820231 Brass electroplating wire production lines.Revenue fromthe sales of brass electroplating wire production lines for the sixmonths ended 30 June 2024 increased by RMB79.3 million ascomparedwith the six months ended 30 June 2023,mainlybecause8 sets of brass electroplating wire production lineswere accepted by the customers in the first half of 2024 while1 set was accepted in the corresponding period of 2023. Management Discussion and Analysis 20246 307,000,000600,0001,085.9% Otherproduction lines.Revenue from the sales of otherproduction lines amounted to RMB7.0 million for the six monthsended 30 June 2024, represe