China Electronics Optics Valley Union : Interim Report 2022

中電光谷聯合控股有限公司

China Electronics Optics Valley Union Holding Company Limited

(Incorporated in the Cayman Islands with limited liability) Stock Code: 798

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CONTENTS

Corporate Information	2
Financial Summary	4
Chairman's Statement	5
Management Discussion and Analysis	7
Directors' Report	27
Report on Review of Interim Financial Information	31
Interim Condensed Consolidated Statement of Profit or Loss	32
Interim Condensed Consolidated Statement of Comprehensive Income	33
Interim Condensed Consolidated Statement of Financial Position	34
Interim Condensed Consolidated Statement of Changes in Equity	36
Interim Condensed Consolidated Statement of Cash Flows	38
Notes to the Interim Financial Information	40
Definitions	68

Corporate Information

COMPANY NAME	AUTHORIZED REPRESENTATIVES
China Electronics Optics Valley Union Holding Company	Mr. Liu Guilin
Limited	Ms. Zhang Xuelian
PLACE OF LISTING OF SHARES	AUDIT COMMITTEE

The Stock Exchange of Hong Kong Limited

STOCK CODE

798

STOCK NAME

CEOVU

BOARD OF DIRECTORS

Non-executive Directors

Mr. Liu Guilin (Chairman)

Mr. Xiang Qunxiong

Mr. Zhang Jie

Ms. Sun Ying

Mr. Hu Bin

Mr. Qiu Hongsheng (Chairman)

Mr. Qi Min

Mr. Xiang Qunxiong

REMUNERATION COMMITTEE

Ms. Chan Ching Har Eliza (ceased to be the Chairman with effect from 1 August 2022)

Mr. Qi Liang (appointed as the Chairman with effect from 1 August 2022)

Mr. Qi Min

Mr. Xiang Qunxiong

NOMINATION COMMITTEE

Mr. Liu Guilin (Chairman)

Mr. Qi Min

Mr. Qiu Hongsheng

Independent Non-executive Directors

Mr. Qi Min

Mr. Qiu Hongsheng

Ms. Chan Ching Har Eliza (ceased to be an independent non-executive Director with effect from 1 August 2022)

Mr. Qi Liang (appointed as an independent non-executive Director with effect from 1 August 2022)

FINANCIAL CONTROL COMMITTEE

Mr. Huang Liping

Mr. Wang Yuancheng

Mr. Tian Maoming

Executive Director	REGISTERED OFFICE
Mr. Huang Liping (President)	Windward 3
	Regatta Office Park
	P. O. Box 1350
COMPANY SECRETARY	Grand Cayman KY1-1108
	Cayman Islands
Ms. Zhang Xuelian

2 Interim Report 2022

China Electronics Optics Valley Union Holding Company Limited

HEADQUARTER AND PRINCIPAL PLACE OF BUSINESS IN THE PRC

Building No. 1, Higher Level

Creative Capital

16 Ye Zhi Hu West Road

Hongshan District

Wuhan, Hubei

PRC

PRINCIPAL PLACE OF BUSINESS IN HONG KONG

19/F

Cheung Kong Center

2 Queen's Road Central Central, Hong Kong

Corporate Information (Continued)

AUDITOR

PricewaterhouseCoopers

Certified Public Accountants

Registered Public Interest Entity Auditor

CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE

Ocorian Trust (Cayman) Limited

Windward 3

Regatta Office Park

P. O. Box 1350

Grand Cayman KY1-1108

Cayman Islands

HONG KONG SHARE REGISTRAR

LEGAL ADVISORS

as to Hong Kong law

Reed Smith Richards Butler LLP

17th Floor, One Island East

Taikoo Place

18 Westlands Road

Quarry Bay

Hong Kong

as to Cayman Islands law Appleby

Suites 4201-03&12, 42/F

One Island East

Taikoo Place

18 Westlands Road

Quarry Bay

Hong Kong

as to PRC law Jingtian & Gongcheng

34/F, Tower 3, China Central Place 77 Jianguo Road

Chaoyang District Beijing, China

Computershare Hong Kong Investor Services Limited

Shops 1712-1716

17/F, Hopewell Centre

183 Queen's Road East

Wanchai, Hong Kong

PRINCIPAL BANKS

Industrial and Commercial Bank of China

Bank of Communications

Industrial Bank

COMPANY WEBSITE

http://www.ceovu.com/

Interim Report 2022	3
China Electronics Optics Valley Union Holding Company Limited

Financial Summary

The summary of the unaudited results and assets and liabilities of the Group for the six months ended 30 June 2022 is as follows:

	For the six months ended 30 June
	2022	2021	Change
	RMB'000	RMB'000	%
Results
Revenue from continuing operations	1,607,557	1,600,741	0.43%
Gross profit	500,595	445,448	12.38%
Profit before income tax	178,555	176,751	1.02%
Profit attributable to owners of the Company	119,448	109,184	9.40%
Profit attributable to non-controlling interests	(46,364)	(39,725)	16.71%
Profit for the period	73,084	69,459	5.22%
	At	At
	30 June	31 December
	2022	2021	Change
	RMB'000	RMB'000	%
Assets and liabilities
Non-current assets	9,512,550	8,986,847	5.85%
Current assets	13,048,014	12,320,873	5.90%
Current liabilities	9,142,812	9,128,049	0.16%
Net current assets	3,905,202	3,192,824	22.31%
Total assets less current liabilities	13,417,752	12,179,671	10.17%
Total equity	8,409,310	8,505,323	-1.13%
Non-current liabilities	5,008,442	3,674,348	36.31%
Total equity and non-current liabilities	13,417,752	12,179,671	10.17%

4 Interim Report 2022

China Electronics Optics Valley Union Holding Company Limited