今日（5月27日），A股市场主要指数走弱，沪指收盘下跌0.18%，市场全天成交额1.02万亿元。收盘上 涨个股超2600只，下跌2576只，其中，收盘股价涨停的有95只，跌停的有5只。 盘面上，农化制品板块午后大幅拉升，中旗股份"20cm"涨停，中农联合、广信股份、利尔化学等涨 停。 大消费股全天表现强势，饮料制造、服装家纺等涨幅居前。 23股收盘价创历史新高 不含近一年上市的次新股，今日共有23股收盘价创历史新高，从行业属性来看，机械设备、医药生物、 食品饮料行业创新高的个股较为集中，分别有6只、5只、2只个股出现在名单中。 收盘价创历史新高股中，今日股价平均上涨6.98%，涨停的有哈焊华通、金龙羽（维权）、京华激光 等，涨幅居前的有三生国健、常山药业、新天地等。 | | | 5月27日收盘价创历史新高股 | | | | --- | --- | --- | --- | --- | | 代码 | 简称 | 收盘价 | 日涨幅 | 行业 | | | | (元) | (%) | | | 301137 | 哈婷华通 | 39.59 | 20.01 | 机械设备 | | 688336 | 三生国健 | 58.90 | ...

Group 1 - The article highlights significant trading volume increases for various companies, indicating potential investment opportunities [1][2][3] - Notable companies with high trading volumes include卓越教育集团 (Zhuoyue Education Group) with a volume ratio of 2.45 and成交额 (transaction amount) of 27.16 million, and中国太保 (China Pacific Insurance) with a volume ratio of 2.29 and成交额 of 947.61 million [2][3] - Other companies showing substantial trading activity include维亚生物 (Viya Bio) with a volume ratio of 2.20 and成交额 of 16.22 million, and天津发展 (Tianjin Development) with a volume ratio of 2.17 and成交额 of 1.64 million [2][3] Group 2 - The data indicates that卓越教育集团 (Zhuoyue Education Group) and中国太保 (China Pacific Insurance) have both experienced a single day of increased trading volume, suggesting a potential trend [2][3] - Companies like弘业期货 (Hongye Futures) and招商证券 (China Merchants Securities) have shown consistent trading volume increases over multiple days, with弘业期货 recording a volume ratio of 1.50 and成交额 of 116.44 million, and招商证券 with a volume ratio of 1.70 and成交额 of 28.22 million [2][3] - The report also lists other companies with varying degrees of trading volume increases, such as顺丰同城 (SF Intra-city) and吉利汽车 (Geely Auto), indicating a broader market trend [2][3]

Financial Performance - For the year ended December 31, 2024, the Group's revenue was approximately HK$182.09 million, a decrease of 17.13% from HK$219.73 million in 2023[12]. - The Group's gross profit for the year was approximately HK$42.66 million, down from HK$60.04 million in 2023[12]. - The loss from continuing operations for the year was approximately HK$28.10 million, compared to a loss of HK$23.12 million in 2023[12]. - The loss attributable to owners for the year was HK$25.55 million, an improvement from a loss of HK$31.53 million in 2023[11]. - The average shareholders' equity decreased to HK$423.05 million from HK$710.91 million in 2023[11]. - The return on average equity for the year was -69.92%, compared to -21.57% in 2023[11]. Debt and Liquidity - Total indebtedness at year-end was HK$108.09 million, significantly reduced from HK$553.36 million in 2023[11]. - The Group's total debt to total capital ratio improved to 31.15% from 47.52% in 2023[11]. - The current ratio as of December 31, 2024, was approximately 0.71, compared to approximately 1.03 as of December 31, 2023, reflecting a decrease in liquidity[38]. - The Group's total bank loans and other borrowings decreased to approximately HK$28,770,000 as of December 31, 2024, from approximately HK$441,650,000 as of December 31, 2023, a reduction of about 93.5%[39]. - The gearing ratio as of December 31, 2024, was approximately 85.54%, significantly improved from approximately 199.67% as of December 31, 2023, indicating a healthier financial structure[41]. Business Strategy and Growth - The Group plans to control costs and focus on existing resources to strengthen its business organically and through acquisitions[13]. - The Group aims to diversify its business mix and will invest in similar businesses with experienced partners[13]. - The Group entered into an investment cooperation agreement to establish Hunan Magic Foods Technology Company Limited, targeting the production of 100,000 tons of konjac semi-finished products and 10,000 tons of konjac snack foods annually[47]. - The main target market for Magic Foods is China, with potential future expansion into other countries, reflecting confidence in the konjac foods market's development prospects[48]. - A cooperation framework agreement was signed with Jiangcheng County Government for an intensive processing project for imported konjac, aiming to create a complete industrial chain from planting to sales[53]. - The Company proposed to acquire the entire issued shares of Huapan and Hao Resources Co., Ltd., indicating strategic growth through potential acquisitions[55]. Acquisitions and Investments - The Company has entered into a framework agreement to acquire the entire issued shares of the Target Company, which holds the BOT concession for the "Laos Boten International Port Health and Animal and Plant Inspection and Quarantine Center" project[58]. - The Target Company will share 90% of the profits from the project operating company with the Louang Namtha Province Government of Laos during the 90-year operation period[60]. - The Proposed Acquisition is subject to due diligence, which will conclude on February 28, 2025[65]. - The consideration for the Proposed Acquisition will be negotiated further between the Company and the Potential Purchaser[61]. - The Company has also agreed to acquire approximately 51% of the issued share capital of Hunan Tianyu Ecological Agriculture Development Co., Ltd for a cash consideration of RMB 14,280,000[74]. - The acquisition is expected to provide a stable and recurrent source of income for the group and enhance its asset base in Mainland China[85]. Corporate Governance - The Company has complied with all code provisions of the Corporate Governance Code during the year ended December 31, 2024, ensuring transparency and accountability to shareholders[160]. - The Board is responsible for strategic decisions and performance oversight, with daily operations delegated to management, ensuring a clear governance structure[163]. - The independent non-executive Directors play a crucial role in providing independent judgment on strategic issues, safeguarding shareholder interests[168]. - The Company emphasizes the importance of Board diversity to enhance performance and achieve strategic objectives[199]. - The selection of Board candidates is based on a variety of factors including gender, age, and professional experience, focusing on merit and contribution[200]. Restructuring and Legal Matters - The company is actively exploring debt restructuring options due to liquidity constraints and financial challenges, including engaging with creditors and stakeholders[103][106]. - The Creditors' Scheme was sanctioned by the High Court on November 29, 2023, but has not yet become effective pending registration and an initial cash payment of HK$45,000,000[114]. - The restructuring plan aims to release all of the company's indebtedness and liabilities to creditors, which is deemed beneficial for shareholders[135]. - The company was ordered to pay damages of HK$4,394,000 related to a lawsuit from a former director, with an appeal filed on March 6, 2023, against a lower judgment of HK$2,944,000[100][102].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of HKD 182,085,000, a decrease of 17% from HKD 219,729,000 in 2023[2] - The gross profit for the same period was HKD 42,659,000, down 29% from HKD 60,043,000 in the previous year[2] - The operating loss increased to HKD 11,482,000 compared to a profit of HKD 11,456,000 in 2023[3] - The total comprehensive loss for the year was HKD 521,468,000, significantly higher than HKD 174,397,000 in 2023[4] - The company reported a loss per share of HKD 4.60 for total operations, compared to HKD 2.42 in 2023[4] - The group reported a total loss from continuing operations of HKD 28,097,000 for the year, with a pre-tax loss of HKD 30,899,000[20] - The loss from continuing operations (after tax) was approximately HKD 28,100,000, compared to a loss of approximately HKD 23,120,000 in 2023, indicating an increase in losses due to reduced revenue and gross profit[49] Assets and Liabilities - The company's net assets decreased to HKD 238,905,000 from HKD 611,237,000 in the previous year, indicating a decline of approximately 61%[6] - The current liabilities exceeded current assets by HKD 38,467,000, indicating a negative working capital situation[6] - Total assets for the continuing operations amounted to HKD 442,947,000, with classified assets of HKD 513,507,000[21] - The group’s current liabilities net value was approximately HKD 38,470,000 as of December 31, 2024, compared to approximately HKD 35,970,000 in the previous year[57] - The company’s total liabilities included trade payables of HKD 148,781,000 and other payables of HKD 117,096,000, indicating a significant level of outstanding obligations[35] Cash Flow and Financing - The company has a cash flow forecast that suggests it will have sufficient operating funds to meet its financial obligations over the next twelve months[10] - Cash generated from operating activities was HKD 47,904,000, significantly higher than HKD 9,987,000 in the previous year[34] - The company’s cash flow from financing activities showed a net outflow of HKD 47,421,000, compared to HKD 11,809,000 in the previous year, indicating increased financing pressures[34] - The group is currently negotiating with banks to secure necessary financing to meet operational and financial needs in the near future[11] Discontinued Operations - The company recorded a significant loss from discontinued operations amounting to HKD 271,645,000, compared to HKD 122,470,000 in 2023[3] - The company reported a significant loss of HKD 271,645,000 from discontinued operations for the year ended December 4, 2024[32] - The group has terminated operations in the segments related to liquor, construction and development, financing leasing, and mineral and food trading during the year[17] Investment and Growth Strategies - The group plans to continue expanding its core business segments and seek investments in other potential profitable businesses[61] - The company has signed an investment cooperation agreement to establish Hunan Magic Food Technology Co., Ltd., aiming to produce and sell 100,000 tons of konjac raw materials and 10,000 tons of konjac snacks and prepared dishes annually[62] - The konjac food market is expected to provide a continuous profit source, with a cooperation framework agreement signed with Jiangcheng County Government for deep processing of konjac products[63] - A framework agreement was established for the potential acquisition of all shares of Huapan and Hao Resources Ltd., which holds a BOT concession for a project in Laos[64][65] Restructuring and Debt Management - The company is currently facing financial challenges and is exploring various feasible options for debt restructuring, including a creditor plan[77] - A creditor meeting was held on November 20, 2023, with 30 creditors holding a total principal amount of HKD 1,009,153,816.42, representing 98.46% of the total voting debt, attending the meeting[79] - The creditor plan was approved by the High Court on November 29, 2023, and will take effect upon certain conditions being met, including an initial cash payment of HKD 45 million[80] - The restructuring is viewed as a strategic response to current market challenges, aimed at orderly debt settlement and improving the company's financial and liquidity position[87] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for certain deviations regarding training records and the absence of a CEO position since June 24, 2016[101][102] - The group’s audited consolidated annual performance for the year ending December 31, 2024, complies with relevant accounting standards, laws, and regulations[105] Employee and Operational Changes - As of December 31, 2024, the group has approximately 45 employees, down from about 147 in 2023, with total employee costs around HKD 5,770,000[97] - The company did not recommend any dividend for the year ending December 31, 2024, consistent with the previous year[99]

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$424,135,000, an increase from HK$404,966,000 in the same period of 2023, representing a growth of 4.3%[4] - Gross profit decreased to HK$41,608,000 from HK$52,644,000 year-on-year, reflecting a decline of 21%[4] - Loss for the period was HK$57,532,000, compared to a loss of HK$38,624,000 in the previous year, indicating a deterioration of 48.9%[5] - Basic and diluted loss per share attributable to ordinary equity holders of the parent was HK$0.96, up from HK$0.67 in 2023[5] - Total comprehensive expense for the period amounted to HK$76,367,000, down from HK$103,838,000 in the same period last year[5] - The Group's loss attributable to equity holders for the six months ended June 30, 2024, was HK$60,449,000, compared to a loss of HK$42,207,000 in 2023[53] - Basic and diluted loss per share for the six months ended June 30, 2024, was HK$0.96, compared to HK$0.67 in 2023, indicating a deterioration in performance[54] Assets and Liabilities - Non-current assets decreased to HK$628,217,000 as of June 30, 2024, from HK$678,632,000 at the end of 2023[6] - Current assets increased to HK$1,221,646,000 from HK$1,183,600,000, showing a growth of 3.2%[6] - Total equity decreased to HK$534,870,000 as of June 30, 2024, down from HK$611,237,000 at December 31, 2023, representing a decline of approximately 12.5%[8] - Current liabilities increased to HK$1,219,696,000 from HK$1,147,626,000, reflecting a rise of about 6.3%[7] - Total non-current liabilities decreased to HK$95,297,000 from HK$103,369,000, indicating a reduction of approximately 7.8%[7] - Cash and cash equivalents at the end of the period decreased to HK$9,365,000 from HK$17,652,000, indicating a reduction of approximately 47.1%[11] - The Group's net assets attributable to owners of the parent decreased to approximately HK$540.81 million from HK$620.01 million[104] Cash Flow and Financing - Net cash flows generated from operating activities amounted to HK$15,162,000 for the six months ended June 30, 2024, compared to HK$23,763,000 for the same period in 2023[11] - The company reported a net cash decrease of HK$3,549,000 for the period, contrasting with an increase of HK$5,648,000 in the previous year[11] - The Group plans to control costs and focus on existing resources to strengthen and grow the business through organic growth and acquisitions[78] - The Company is negotiating with investors for further financing, including equity financing, bank borrowing, and issuance of new convertible bonds to improve liquidity[19] - The Company has conditionally agreed to issue 850 million subscription shares for an aggregate subscription price of HK$85 million as part of a restructuring plan[19] Restructuring and Legal Matters - The Company is exploring various options for debt restructuring, including engaging with creditors and potential investors[129] - A creditors' scheme has been proposed, allowing scheme creditors to receive shares or cash dividends in full settlement of their claims, which may involve the disposal of certain subsidiaries at nominal consideration[22] - The Company has faced legal claims, including a judgment requiring it to pay damages of HK$4,394,000 related to a share option dispute[117] - The Company has signed a consent summons to withdraw a petition for winding up filed against it, resolving a debt issue of HK$7,197,841.10[119] Segment Performance - The group is organized into six reportable operating segments: wine and liquor, food products trading, construction and development, financial leasing, mineral products, and rental[31] - Revenue from trading of food products increased to HK$239,890,000 in 2024, up 16.7% from HK$205,491,000 in 2023[42] - Revenue from mineral products decreased to HK$87,403,000 in 2024, down 13.7% from HK$101,340,000 in 2023[42] - The wine and liquor business generated no revenue during the period (2023: HK$Nil) due to incomplete resumption of sales points and delivery services after the lifting of anti-coronavirus measures in the PRC[81] Governance and Compliance - The Company has complied with all provisions of the Corporate Governance Code throughout the period, except for the non-compliance with Rule 3.10A regarding the ratio of independent non-executive Directors[163] - The audit committee has reviewed the unaudited consolidated results for the period, ensuring compliance and accuracy in reporting[3] - The roles of chairman and chief executive are not separated, as the company has not had a chief executive officer since June 24, 2016[162] - The Company is in the process of identifying a suitable candidate for appointment as an additional independent non-executive Director to comply with Rule 3.10A by October 31, 2024[163]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 424,135,000, an increase of 4.3% compared to HKD 404,966,000 for the same period in 2023[1] - Gross profit decreased to HKD 41,608,000, down 21.0% from HKD 52,644,000 year-on-year[1] - The company reported a loss before tax of HKD 57,527,000, compared to a loss of HKD 38,621,000 in the previous year, representing a 48.9% increase in losses[2] - Total comprehensive loss for the period was HKD 76,367,000, a decrease from HKD 103,838,000 in the same period last year[3] - The company reported a pre-tax loss of HKD 57,527,000 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 38,624,000 for the same period in 2023, indicating a deterioration in financial performance[14] - The pre-tax loss for the period was HKD 60,449,000, compared to a loss of HKD 42,207,000 in the previous year, indicating a worsening financial performance[24] - Basic and diluted loss per share was HKD 0.96, compared to HKD 0.67 in the previous year, reflecting a 43.3% increase in losses per share[24] - The net loss after tax was approximately HKD 57,530,000, compared to a loss of HKD 38,620,000 in the previous year[43] Assets and Liabilities - Non-current assets decreased to HKD 628,217,000 from HKD 678,632,000, reflecting a decline of 7.4%[4] - Current assets increased to HKD 188,992,000, up from HKD 163,782,000, marking a growth of 15.4%[4] - The company’s cash and cash equivalents were HKD 9,365,000, down from HKD 12,996,000, indicating a decrease of 27.0%[4] - The total liabilities increased to HKD 1,219,696,000 from HKD 1,147,626,000, an increase of 6.3%[4] - As of June 30, 2024, the group's net asset value attributable to equity holders was approximately HKD 540,810,000, down from HKD 620,010,000 at the end of the previous year[49] - The current ratio as of June 30, 2024, was 1.00, compared to 1.03 at the end of the previous year[49] - Total bank and other borrowings amounted to approximately HKD 498,100,000, an increase from HKD 441,650,000 at the end of the previous year[50] - The debt-to-equity ratio was 66.13% as of June 30, 2024, compared to 63.20% at the end of the previous year[50] Revenue Segments - Total revenue for the six months ended June 30, 2024, was HKD 327,293,000, with significant contributions from the food trading segment, which generated HKD 239,890,000[15] - The company’s revenue from logistics and warehousing rental totaled HKD 98,135,000 during the reporting period[17] - Customer contract revenue for food sales increased to HKD 239,890,000, up 16.7% from HKD 205,491,000 in the previous year[18] - Total revenue recognized at a point in time reached HKD 327,293,000, a 6.4% increase from HKD 306,831,000 year-on-year[18] - Other income from leasing rose to HKD 93,582,000, compared to HKD 87,847,000, reflecting a growth of 6.5%[18] - The food trading business generated revenue of approximately HKD 239,890,000, accounting for 56.56% of total revenue, up from 50.74% in the previous year[36] - The mining business recorded revenue of approximately HKD 87,400,000, representing 20.61% of total revenue, down from 25.03% in the previous year[38] - The leasing business generated revenue of approximately HKD 93,580,000, accounting for 22.06% of total revenue, an increase from 21.69% in the previous year[39] - The financing leasing business recorded revenue of HKD 3,260,000, down from HKD 10,290,000, representing 0.77% of total revenue compared to 2.54% in the previous year[40] Cost Management and Operational Focus - Management is focusing on cost control measures to enhance operational performance and cash flow[8] - The group plans to continue controlling costs and focus on internal expansion and acquisitions to strengthen and develop its business[34] - Selling and distribution expenses decreased by 11.25% to approximately HKD 8,440,000, representing 1.99% of total revenue[44] - Administrative expenses were approximately HKD 42,960,000, a decrease of 7.69% from HKD 46,540,000 in the previous year[45] - Financing costs increased to approximately HKD 48,550,000, up from HKD 36,840,000 in the previous year due to increased default interest expenses[46] Financing and Restructuring Efforts - The company is exploring additional financing options, including equity financing and bank loans, to improve liquidity[9] - The company has implemented several measures to ensure sufficient working capital to meet current requirements, although the effectiveness of these measures remains uncertain[11] - A creditor plan was presented to the company's creditors, which was approved by 26 out of 30 voting creditors during the meeting held on November 20, 2023[10] - The company is exploring various feasible options for debt restructuring due to current liquidity constraints and financial challenges, including a creditor plan involving the issuance of shares and asset sales[59] - A hearing for the creditor plan was initially scheduled for June 16, 2023, but was postponed multiple times, with the latest hearing held on November 29, 2023, where the plan was approved[60][61] - The creditor plan will become effective upon the registration of the court's approval and the receipt of an initial cash payment of HKD 45,000,000[61] - The company entered into a restructuring agreement for the conditional subscription of 850,000,000 shares at a total subscription price of HKD 85,000,000, equivalent to HKD 0.10 per share, representing approximately 11.24% of the enlarged issued share capital[62] - The restructuring special general meeting was held on August 9, 2024, where all proposed resolutions were formally approved by independent shareholders[62] Governance and Compliance - The company has adopted a code of ethics and securities trading that complies with the standards set by the Hong Kong Stock Exchange[67] - The company does not currently meet the requirement of having at least one-third independent non-executive directors on the board, as of July 1, 2024[69] - The company is actively seeking suitable candidates to appoint as independent non-executive directors to comply with relevant regulations by October 31, 2024[69] Other Information - The company did not recommend any dividend payment for the period, consistent with the previous year[23] - There were no purchases, sales, or redemptions of the company's listed securities during the period[65] - The company has adopted new accounting standards effective from January 1, 2024, which did not have a significant impact on financial performance or disclosures[12] - There were no significant events after the reporting period up to the date of this announcement[70]

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]

Financial Performance - For the year ended December 31, 2023, the company reported total revenue of HKD 844,999,000, a decrease of 9.1% from HKD 930,276,000 in 2022[2] - The gross profit for the year was HKD 108,291,000, down 19.9% from HKD 135,209,000 in the previous year[2] - The company recorded an operating loss of HKD 21,427,000 compared to an operating profit of HKD 22,786,000 in 2022, indicating a significant decline in operational performance[2] - The total comprehensive loss for the year was HKD 174,397,000, a reduction from HKD 334,027,000 in 2022, reflecting an improvement in overall financial performance despite the losses[3] - The company reported a basic and diluted loss per share of HKD 2.76, an improvement from HKD 3.49 in 2022[3] - The company reported a pre-tax loss of 144,862,000, with total liabilities reaching 1,209,935,000[39] - The company reported a loss before tax of HKD 224,271,000 for 2022, compared to a loss of HKD 222,399,000 for 2023, indicating a slight improvement in financial performance[65] - The net loss (after tax) for the year was approximately HKD 145,590,000, an improvement from a loss of HKD 222,400,000 in 2022[78] Assets and Liabilities - The company's net assets decreased to HKD 611,237,000 in 2023 from HKD 785,634,000 in 2022, indicating a decline of approximately 22.2%[12] - Current assets amounted to HKD 1,183,600,000, slightly down from HKD 1,183,654,000 in the previous year[5] - The total assets of the company were valued at 1,816,360,000, indicating a strong asset base[39] - The total assets of the company as of the reporting date amounted to HKD 1,944,974,000, with significant liabilities totaling HKD 1,159,340,000[57] - The group's interest expenses on bank and other borrowings amounted to HKD 100,553,000, down from HKD 148,496,000 in the previous year[88] - Total bank and other borrowings amounted to approximately HKD 441,650,000, slightly up from HKD 440,040,000 in the previous year[116] - The debt-to-equity ratio was 63.20%, compared to 53.44% in the previous year, indicating an increase in leverage[117] Going Concern and Financial Uncertainties - The company is facing significant uncertainties regarding its ability to continue as a going concern due to substantial debts and operational losses[20] - The effectiveness of the going concern basis for preparing financial statements depends on the successful outcome of the plans and measures, which are uncertain[26] - The group reported a significant uncertainty regarding its ability to continue as a going concern due to various financial obligations and losses incurred[76] - The company is currently facing liquidity constraints and financial challenges, and is exploring various feasible options for debt restructuring[178] Cost Control and Operational Measures - The company has implemented cost control measures to enhance operational performance and cash flow, focusing on existing business operations[24] - The company plans to continue controlling costs and focus on internal expansion and acquisitions to strengthen its business[134] - The group has implemented several measures to improve liquidity, including potential equity financing, bank loans, and issuing new convertible bonds[25] Restructuring and Financing - The company has entered into a legally binding term sheet with investors to issue 850,000,000 subscription shares at a total subscription price of HKD 85,000,000, equivalent to HKD 0.10 per share[25] - The company has presented a creditor plan to its planned creditors as part of its restructuring efforts[25] - The creditor plan was approved by the required majority of plan creditors, representing 92.33% of the voting debt at the meeting[160] - The company has entered into a restructuring agreement with investors for the conditional subscription of 850,000,000 shares at a total subscription price of HKD 85,000,000, representing approximately 11.24% of the enlarged issued share capital[182] Market Focus and Revenue Sources - The company has over 90% of its customers located in mainland China, highlighting its focus on this market[41] - Customer contract revenue recognized at a point in time amounted to 735,526,000, while other income sources contributed 109,473,000[39] - The mining business recorded revenue of approximately HKD 290,290,000, representing 34.35% of total revenue, an increase from 23.38% in 2022[140] - The group's revenue from the Chinese market was HKD 783,668,000, a decrease from HKD 870,121,000 in 2022[86] Employee and Governance Matters - As of December 31, 2023, the company had approximately 147 employees, with total employee costs around HKD 9,320,000, down from HKD 11,240,000 in 2022[163] - The company has not appointed a CEO since June 2016, with the chairman leading the board to ensure effective operations[165] - The company has complied with all provisions of the corporate governance code, except for certain disclosed deviations[189] Legal and Compliance Issues - The company has been ordered by the court to pay damages of HKD 4,394,000 to the plaintiff, following a ruling related to a claim made by a former director[171] - The company has submitted an appeal against the court's judgment regarding the damages awarded to the former director[174] Accounting and Reporting Changes - The new Hong Kong Financial Reporting Standards and amendments have been applied for the first time during the year, impacting the presentation of financial statements[28] - The company has made adjustments to its accounting policies in line with the new standards, which may affect the financial statements[29] - The company has implemented new accounting policies related to the cancellation of the mandatory provident fund offset mechanism, which may affect its financial reporting[51]

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 ...

Financial Performance - For the year ended December 31, 2022, the Group achieved revenue of approximately HK$930.28 million, a slight increase of 0.16% compared to HK$928.79 million in 2021[9]. - The Group reported a loss of approximately HK$222.4 million for the year, compared to a loss of HK$177.29 million in 2021, primarily due to increased financing costs[9]. - Gross profit for the Group was approximately HK$135.21 million, down from HK$161.08 million in the previous year, indicating a decline of 16.06%[63]. - The net loss (after tax) was HK$222.40 million, compared to a loss of HK$177.29 million in the previous year, reflecting an increase in loss of 25.49%[63]. - Selling and distribution expenses decreased by 3.37% to approximately HK$22.92 million, accounting for 2.46% of total revenue, compared to 2.55% in the previous year[64]. Revenue Breakdown - The rental business generated revenue of approximately HK$231.85 million, accounting for 24.92% of total revenue, down from 29.25% in 2021[15]. - The mineral products business recorded revenue of approximately HK$217.49 million, representing 23.38% of total revenue, a decrease from 25.53% in 2021[14]. - The financial leasing business generated revenue of HK$16.13 million, accounting for 1.73% of total revenue, down from 2.20% in 2021[13]. - The wine and liquor business generated no revenue during the year, as sales points and delivery services were interrupted due to the pandemic[24]. Financial Position - The average shareholders' equity decreased to HK$965.25 million from HK$1,206.94 million in 2021[21]. - The total indebtedness decreased significantly to HK$591.05 million from HK$1,224.56 million in 2021[21]. - The Group's total bank and other borrowings amounted to approximately HK$440.04 million, down from HK$521.00 million in the previous year[40]. - The Group's debt-to-equity ratio as of December 31, 2022, was 53.44%, compared to 46.16% in the previous year, indicating an increase in leverage[43]. - Cash and cash equivalents as of December 31, 2022, were approximately HK$14.88 million, down from HK$27.43 million in 2021[70]. Cost Management - The Group plans to continue controlling costs and focus on existing resources to strengthen and grow its business organically and through acquisitions when appropriate opportunities arise[23]. - Administrative expenses were approximately HK$92.20 million, a decrease of 15.00% from last year, representing 9.91% of the Group's revenue[70]. - Finance costs increased to approximately HK$148.50 million, up 45.81% from last year, accounting for 15.96% of the Group's revenue[70]. Legal and Compliance Issues - The Company received a petition from Mr. Zhang Zhiguang for winding up due to an unpaid debt of HK$7,197,841.10, with the hearing adjourned to July 5, 2023[84]. - The Company is involved in a legal case where it was ordered to pay RMB1,556,545.50 for advertising and e-commerce services, along with interest[81]. - A civil ruling required the Company to repay a loan principal of RMB5,000,000 plus interest calculated at 2% monthly[82]. - The Company announced a hearing for a debt restructuring scheme scheduled for June 16, 2023[88]. - The Company has entered into a legally binding investment intention letter with an independent third party regarding proposed restructuring on March 29, 2023[93]. Corporate Governance - The Board has maintained compliance with Listing Rules, including having at least three independent non-executive directors[99]. - The Board believes the current size is adequate for its operations and provides necessary checks and balances[98]. - The Company emphasizes the importance of good corporate governance to maximize shareholder benefits[124]. - The Audit Committee held three meetings during the year ended December 31, 2022, to review financial statements and compliance with listing rules[139]. - The Nomination Committee is responsible for reviewing the structure, size, and composition of the Board, and it meets at least once a year[195]. Employee and Workforce Management - As of December 31, 2022, the Group had approximately 167 employees, with total staff costs amounting to approximately HK$109.27 million, unchanged from 2021[86]. - The Company has adopted a share option scheme to incentivize employees and retain talent[86]. - The Group's workforce included over 29% female employees, although there were no females in senior management positions[181]. - The Company targets to maintain at least the current level of female representation on the Board and aims to increase it over time[177]. Strategic Outlook - The Group plans to continue controlling costs and focus on internal expansion and potential acquisitions to strengthen and develop its business[53]. - The company is facing liquidity constraints and financial challenges, actively exploring debt restructuring options with creditors and potential investors[119]. - The Board will continue to review the effectiveness of the Group's structure as the business grows[106].