f China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於関曼群島註冊成立的有限公司) (Stock Code 股份代號: 00039) 2024 Interim Report 中期報告 Interim Report 2024 I 中期報告 Contents 目錄 Corporate Information 2 公司資料 Interim Condensed Consolidated Statement of Profit or Loss 4 中期簡明綜合損益報表 Interim Condensed Consolidated Statement of Other Comprehensive Income 6 中期簡明綜合其他全面收入報表 Interim Condensed Consolidated Statement of Financial Position 7 中期簡明綜合財務狀況表 Interim Conde ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：00039） 二零二四年中期業績公佈 中國北大荒產業集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈 本公司及其附屬公司（統稱「本集團」）截至二零二四年六月三十日止六個月（「期 內」）的未經審核綜合業績，連同比較數字。期內業績未經審核，惟已經本公司審 核委員會審閱。 中期簡明綜合損益報表 | --- | --- | --- | --- | |--------------------------|-------|---------------------------------------------------------------|----------------------------------| | | ...

Food Products Business Performance - The Group's food products business recorded revenue of approximately HK$445.2 million, accounting for 52.69% of total revenue (2022: HK$464.8 million, 49.96%)[8] - The food products business achieved a gross profit of approximately HK$13.87 million for the year (2022: HK$10.62 million)[8] - Trading of food products business recorded revenue of approximately HK$445.20 million, accounting for 52.69% of total revenue[96] - Gross profit from the food products business segment was approximately HK$13.87 million[96] Construction and Project Delays - The construction of the Seafood Food City project in Lianyungang, Jiangsu is expected to be delayed until the first half of 2024 due to the impact of COVID-19[9][10] Financial Leasing and Loans - The Group's financial leasing subsidiary, Dahuangyuan, granted loans totaling RMB54.15 million to Customer A, secured by machinery valued at HK$114.09 million[20] - The company granted a loan of RMB 54.15 million to Customer A, secured by property, plant, and equipment valued at HK$ 114.09 million[21] - A loan of RMB 26 million was granted to Customer B, secured by electronic equipment and machineries valued at HK$ 57.51 million[22] - Dahuangyuan implemented credit risk assessment procedures including background checks, financial document review, collateral verification, and repayment history analysis[14] - Loan officers provide regular updates on borrower credit status, collateral valuation, and repayment status, with half-yearly reports prepared after borrower meetings and site visits[16] - The Group's financial leasing business focuses on loans secured by property, plant, and equipment, with borrowers often introduced by employees or management[113] - Dahuangyuan conducts credit risk assessments, including background checks, financial reviews, and collateral evaluations, before approving loans[112] - Loan terms are determined through arm's length negotiations, considering factors such as applicant financial means, macroeconomic conditions, and collateral availability[115] Legal Actions and Loan Defaults - The company has initiated legal action against Customer B since April 2022, with the first court hearing expected in the second half of 2024[23] - Loan B was classified as defaulted in December 2021, with a full impairment loss of HK$ 29 million recognized for the year ended December 31, 2021[24] - The company has fully provisioned for Loan B owed by Customer B, with the first court hearing expected in the second half of 2024[49] - Dahuangyuan treated Loan B as defaulted since December 2021, recognizing a full impairment loss of HK$29 million, despite collateral value exceeding the outstanding loan amount[123] - Loan B was secured by property, plant, and equipment with an assessed value of RMB 57.51 million, but the borrower failed to deliver the collateral as per contract terms[124] Debt and Financial Restructuring - The company is exploring debt restructuring options, including engaging with creditors and potential investors, and implementing a Creditors' Scheme in Hong Kong[41][43] - The High Court granted leave for the company to convene a meeting of creditors under the Creditors' Scheme, with a hearing scheduled for 29 November 2023[42][44] - The Creditors' Scheme was sanctioned by the High Court on 29 November 2023, but it will not become effective until the order is registered and an initial cash payment of HK$45,000,000 is received[46][47] - The company announced a Creditors' Scheme hearing scheduled for 16 June 2023, which was adjourned multiple times, with the final hearing set for 18 August 2023[67] - A total of 30 Scheme Creditors holding HK$1,009,153,816.42 in claims (98.46% of total outstanding claims) attended the Scheme Meeting, with 26 creditors holding HK$946,353,267.75 (92.33% of voting claims) voting in favor of the Creditors' Scheme[71] - The Scheme Meeting was held on 20 November 2023 to consider and approve the Creditors' Scheme proposed under Sections 670, 671, 673, and 674 of the Companies Ordinance[81] Financial Performance and Metrics - Group revenue decreased by 9.17% to HK$845.00 million, with a gross profit of HK$108.29 million[50] - Net loss (after tax) was HK$145.59 million, an improvement from HK$222.40 million in 2022[50] - Selling and distribution expenses decreased by 21.38% to HK$18.02 million, representing 2.13% of revenue[50] - Administrative expenses increased by 23.79% to HK$114.13 million, mainly due to additional penalty provisions[50] - Finance costs decreased by 32.89% to HK$100.55 million, representing 11.90% of revenue[50] - Group's net assets decreased to HK$620.01 million, with net current assets at HK$35.97 million[51] - Cash and cash equivalents stood at HK$13.00 million, with total bank and other borrowings at HK$441.65 million[51] - Gearing ratio increased to 63.20% as of 31 December 2023, up from 53.44% in 2022[51] - Revenue for the year ended 31 December 2023 was approximately HK$845.00 million, a decrease of 9.17% compared to HK$930.28 million in 2022[104] - Gross profit for the year was approximately HK$108.29 million, down from HK$135.21 million in 2022[104] - Loss (net of tax) for the year was approximately HK$145.59 million, compared to a loss of HK$222.40 million in 2022[104] - Revenue for the year ended 31 December 2023 was HK$844,999 thousand, a decrease from HK$930,276 thousand in 2022[134] - Loss for the year was HK$145,588 thousand, an improvement from HK$222,399 thousand in 2022[134] - Loss attributable to owners was HK$153,317 thousand, compared to HK$218,450 thousand in 2022[134] - Basic and diluted loss per share were both HK$2.42 cents, down from HK$3.49 cents in 2022[134] - Total indebtedness decreased to HK$553,357 thousand from HK$591,050 thousand in 2022[134] - Shareholders' equity decreased to HK$620,011 thousand from HK$801,812 thousand in 2022[134] - Return on average capital employed was -17.79%, slightly worse than -17.01% in 2022[134] - Return on average equity improved to -21.57% from -22.63% in 2022[134] - Total debt to total capital ratio increased to 47.52% from 42.93% in 2022[134] Legal and Court Proceedings - The company is appealing a court judgment requiring it to pay damages of HK$ 4.394 million and costs[31] - On March 6, 2023, the company filed a notice of appeal to reduce the damages to HK$ 2.944 million[34] - A winding-up petition was filed against the company on March 30, 2023, for an unpaid debt of HK$ 4.291 million plus accrued interest of HK$ 1.347 million[34] - The Cayman Grand Court issued a validation order on July 20, 2023, following a summons filed by the company on July 14, 2023[35] - The Cayman Petition was filed against the company for failing to satisfy a statutory demand of HK$ 16.673 million plus accrued interest of HK$ 738,826.56 as of May 12, 2023[36] - The company's subsidiary, Lianyungang Huajin Huahong Industrial Co., Ltd., was ordered to repay a principal amount of RMB 9,735,518.35 and interest of RMB 47,071.22 to Sun Jie, along with attorney's fees of RMB 340,000[40] - Lianyungang Huajin Huahong Industrial Co., Ltd. agreed to pay RMB 786,518 in construction payables to Lianyungang Wushun Communication Engineering Co., Ltd. in three installments, with interest capped at RMB 157,303[40] - The company received a writ of summons from Gemini Funds Limited for the delivery of 5,000,000 bonus shares issued in January 2016 and damages, with a hearing held on 21 January 2021 and the share certificate delivered on 24 March 2021[57] - The company filed a Notice to Appeal on 18 February 2021 regarding the Gemini Funds Limited case[57] - The company received a petition from Mr. Zhang Zhiguang for a winding-up order due to an unpaid debt of HK$7,197,841.10, which was later withdrawn on 11 March 2024[57] - The company received a petition from Mr. Qiu Zhen for a winding-up order in the Cayman Islands, which was withdrawn on 8 December 2023[60][61] Mineral Products Business Performance - Mineral products business revenue increased to HK$290.29 million, accounting for 34.35% of total revenue, up from 23.38% in 2022[50] Wine and Liquor Business Performance - Wine and liquor business recorded revenue of approximately HK$0.04 million, accounting for 0.01% of total revenue[105] - Gross profit from the wine and liquor business segment was approximately HK$0.01 million[105] - The Group's wine and liquor business is primarily engaged in the sale and distribution of wine and liquor in the PRC[136] Rental Business Performance - Rental business revenue decreased to HK$96.73 million, accounting for 11.45% of total revenue, down from HK$231.85 million (24.92%) in 2022, primarily due to the disposal of subsidiaries[109] - Gross profit for the rental business segment was HK$49.84 million, a decline from HK$81.59 million in 2022[109] Financial Leasing Business Performance - Financial leasing business revenue was HK$12.74 million, contributing 1.51% to total revenue, compared to HK$16.13 million (1.73%) in 2022[109] - Gross profit for the financial leasing segment was HK$8.15 million, down from HK$12.96 million in 2022[109] Investment Properties and Collateral - Investment properties with a fair value of approximately HK$ 294.83 million were used to secure the Group's bank borrowings and bills payable as of December 31, 2023[28] - Two subsidiaries with net assets of HK$30.75 million were pledged for a secured bond, with negotiations ongoing for repayment extension[53] Shareholder and Corporate Governance - The Company's Memorandum and Articles of Association were amended on 28 June 2023 to align with core shareholder protection standards and updated Listing Rules[164] - Mr. JIANG Jiancheng was re-appointed as an executive director and Chairman of the Board on 28 June 2023, following his retirement at the 2023 AGM[168] - The Company provides shareholders with at least 21 days' notice for the annual general meeting and complies with voting by poll requirements under the Listing Rules[166] - The Company's directors have no material interests in significant transactions, arrangements, or contracts affecting the Group's business during the year[187] - Shareholders holding at least 10% of the Company's paid-up share capital can requisition an extraordinary general meeting[191] - The Company follows a policy of timely disclosure of relevant information to shareholders and recognizes the interest of potential investors and the investment community[192] - Mr. KE Xionghan, aged 59, appointed as an executive director in June 2016, with extensive experience in banking and international trade[196] - Mr. CHEN Chen, aged 24, appointed as an executive director in September 2021, graduated from Wuhan Sports University and currently works at Dongguan Junjing Hardware Products Co., Ltd[196] - Ms. HO Wing Yan, aged 42, appointed as a non-executive director in April 2015, holds a Bachelor's degree in Applied Economics and a Master's degree in Corporate Governance, with over 15 years of experience in corporate governance and advisory services[198] - Mr. CHONG Cha Hwa, aged 57, appointed as an independent non-executive director in December 2018, with over 20 years of experience in accounting and finance, and currently serves on the boards of multiple listed companies[200] Management and Strategic Focus - The Group will focus on controlling costs, leveraging existing resources, and pursuing organic growth and selective acquisitions to strengthen its diversified business mix[5][7] - The management is focusing on improving the Group's operating results and cash flows, with a focus on existing business operations[189] - The Board has reviewed and deemed the shareholders' communication policy effective, including steps taken at general meetings and handling of queries[194] Foreign Exchange and Risk Management - The Group monitors foreign exchange risks and may use hedging tools if significant financial impacts are anticipated[130] Customer and Supplier Concentration - The Group's largest customer accounted for approximately 8% of total sales, while the top five customers accounted for 28% of total sales for the year ended 31 December 2023[179] - The Group's largest supplier accounted for approximately 13% of total purchases, while the top five suppliers accounted for 32% of total purchases for the year ended 31 December 2023[182] Liquidity and Working Capital - The company has implemented measures to mitigate liquidity pressure and improve cash flow conditions, with sufficient working capital expected for at least 12 months from 31 December 2023[85] Share Issuance and Restructuring - The company entered into a restructuring agreement for the conditional subscription of 850,000,000 shares at HK$0.10 per share, totaling HK$85,000,000[83] - The subscription shares will represent approximately 11.24% of the enlarged issued share capital upon allotment and issue[83]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 1 China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：00039） 截至二零二三年十二月三十一日止年度的 年度業績公佈 中國北大荒產業集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，本公司及其附屬公司（統稱「本集團」）截至二零二三年十二月三十一日止年度之 經審核綜合年度業績連同二零二二年之比較數字如下： 綜合損益及其他全面收入報表 截至二零二三年十二月三十一日止年度 | --- | --- | --- | --- | |-----------------------------------------------------------------|-------|------------------------------|-------------- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Beidahuang Industry Group Holdings Limited 中 國 北 大 荒 產 業 集 團 控 股 有 限 公司 （於開曼群島註冊成立的有限公司） 00039 （股份代號： ） 二零二三年中期業績公佈 中國北大荒產業集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公 司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「期內」）的未 經審核綜合業績，連同比較數字。期內業績未經審核，惟已經本公司審核委員會審 閱。 中期簡明綜合損益報表 截至六月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 千港元 千港元 ...

ANNUAL REPORT 年報 2022 | --- | --- | --- | |------------------------------------------------|----------------------------|-------| | | | Page | | | | 頁次 | | | | | | Corporate Information | 公司資料 | 2 | | Financial Highlights | 財務摘要 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 5 | | Corporate Governance Report | 企業管治報告 | 16 | | Directors' Biographies | 董事履歷 | 42 | | Report of the Directors | 董事會報告 | 45 | | Independent Auditors' Report | 獨立核數師報告 | 58 | | Consolidated Statement of Profit or Loss and | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Beidahuang Industry Group Holdings Limited 中 國 北 大 荒 產 業 集 團 控 股 有 限 公司 （於開曼群島註冊成立的有限公司） 00039 （股份代號： ） 截至二零二二年十二月三十一日止年度的 年度業績公佈 中國北大荒產業集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，本公司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度之 經審核綜合年度業績連同二零二一年之比較數字如下： 綜合損益及其他全面收入報表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 4 930,276 928,785 收入 (795,067) (767,708) 銷售成本 135,209 161,077 毛利 ...

S China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於関曼群島註冊成立的有限公司) (Stock Code 股份代號: 00039) INTERIM REPORT 中期報告 2022 Interim Report 2022 I 中期報告 1 Contents 目錄 Corporate Information 2 公司資料 Interim Condensed Consolidated Statement of Profit or Loss 4 中期簡明綜合損益報表 Interim Condensed Consolidated Statement of Other Comprehensive Income 6 中期簡明綜合其他全面收入報表 Interim Condensed Consolidated Statement of Financial Position 7 中期簡明綜合財務狀況表 Interim Con ...

85 China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) (Stock Code 股份代號: 00039) 年 報 ANNUAl REPORT 2021 Contents 目錄 CONTENTS 目錄 Page 頁次 | --- | --- | |------------------------------------------------|----------------------------| | | | | Corporate Information | 公司資料 | | Financial Highlights | 財務摘要 | | Management Discussion and Analysis | 管理層討論及分析 | | Corporate Governance Report | 企業管治報告 | | Directors' Biographies | 董事履歷 ...

8 China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於阿曼群島註冊成立的有限公司) (Stock Code 股份代號: 00039) 2021 INTERIM REPORT 中期報告 Interim Report 2021 I 中期報告 1 Contents 目錄 Corporate Information 2 公司資料 Interim Condensed Consolidated Statement of Profit or Loss 4 中期簡明綜合損益報表 Interim Condensed Consolidated Statement of Other Comprehensive Income 6 中期簡明綜合其他全面收入報表 Interim Condensed Consolidated Statement of Financial Position 7 中期簡明綜合財務狀況表 Interim Con ...