Financial Performance - Revenue for the six months ended June 30, 2022, was HK$418,706,000, an increase of 3.9% from HK$403,141,000 in the same period of 2021[12] - Gross profit decreased to HK$53,112,000, down 29% from HK$74,672,000 in the previous year[12] - Loss before tax for the period was HK$48,174,000, compared to a loss of HK$6,057,000 in the same period of 2021[12] - The net loss for the period was HK$48,234,000, significantly higher than the loss of HK$4,447,000 in 2021[14] - Total comprehensive loss for the period amounted to HK$143,616,000, compared to a comprehensive income of HK$8,602,000 in the previous year[17] - The company reported a basic and diluted loss per share of HK$0.65 for the period[15] - Other income decreased to HK$2,065,000 from HK$31,746,000 in the previous year, reflecting a decline of 93.5%[12] - Selling and distribution expenses increased to HK$10,609,000, up from HK$9,615,000 in 2021[12] - Administrative expenses were HK$48,610,000, a decrease from HK$52,574,000 in the previous year[12] - Finance costs decreased to HK$44,018,000 from HK$51,129,000 in the same period of 2021[12] Assets and Liabilities - Total equity decreased from HK$1,104,396,000 as of December 31, 2021, to HK$960,611,000 as of June 30, 2022, representing a decline of approximately 13.0%[25] - Current assets decreased from HK$1,407,099,000 to HK$1,312,825,000, a reduction of about 6.7%[23] - Net current assets fell from HK$219,536,000 to HK$123,978,000, indicating a decline of approximately 43.5%[25] - Non-current liabilities decreased from HK$588,092,000 to HK$487,782,000, a reduction of about 17.0%[25] - Trade receivables dropped significantly from HK$136,689,000 to HK$80,863,000, a decrease of approximately 40.9%[23] - Inventories increased from HK$97,000,000 to HK$107,316,000, reflecting an increase of about 10.5%[23] - The company reported accumulated losses of HK$1,003,063,000 as of June 30, 2022[26] - Cash and cash equivalents slightly decreased from HK$27,433,000 to HK$26,109,000, a decline of about 4.8%[23] - Goodwill decreased from HK$4,032,000 to HK$3,821,000, a reduction of approximately 5.2%[25] - The total assets less current liabilities decreased from HK$1,692,488,000 to HK$1,448,393,000, a decline of about 14.4%[25] Cash Flow and Financing - Net cash flows generated from operating activities for the six months ended June 30, 2022, were HK$106,031,000, a decrease of 13.3% compared to HK$122,271,000 in 2021[33] - The Group reported a net cash flow used in financing activities of HK$102,267,000 for the six months ended June 30, 2022, compared to HK$140,848,000 in 2021, indicating a reduction of 27.4%[33] - As of June 30, 2022, the Group had defaulted on repayments of secured bonds amounting to HK$109,000,000 and unsecured bonds of HK$127,600,000, along with associated interest totaling approximately HK$60,048,000[39] - The Group's cash and cash equivalents stood at approximately HK$26,109,000 as of June 30, 2022, a decrease from HK$27,433,000 at the beginning of the period[33] - The Group is negotiating with investors for further financing, including equity financing, bank borrowing, and issuance of new convertible bonds to improve liquidity[51] Management and Future Plans - Management is focusing on improving operating results and cash flows through cost control measures and prioritizing existing business operations[42] - A shareholder has agreed to provide ongoing financial support to enable the Group to meet its liabilities and continue operations without significant curtailment[47] - The Group may consider disposing of non-financial assets or properties if necessary to improve liquidity[47] - The Directors believe the Group will have sufficient working capital for its current requirements and can remain commercially viable[52] - The preparation of consolidated financial statements on a going concern basis depends on the successful outcome of the mentioned plans, which are subject to uncertainties[53] - The Group plans to continue expanding its existing businesses and exploring potential new profitable ventures[171] 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[64] - Revenue from food product trading was HK$181,431,000, up 32.5% from HK$136,952,000 in the previous year[84] - Revenue from mineral products decreased to HK$105,345,000, down 9.2% from HK$116,295,000 in 2021[84] - Total revenue recognized at a point in time was HK$286,776,000, compared to HK$253,247,000 in 2021, reflecting a growth of 13.3%[84] - Revenue from rental income was HK$119,124,000, a decrease of 9.9% from HK$132,197,000 in 2021[84] - Financial leasing revenue fell to HK$12,806,000, down 27.8% from HK$17,697,000 in the previous year[84] Legal Matters - The company is involved in litigation regarding a claim for HK$6,069,000 related to the refusal to issue 2,500,000 shares to a former director, with the trial scheduled for December 8, 2022[194] - A statutory demand for HK$20,094,520.55 was filed against the company, but the case has been adjourned indefinitely[197] - Another statutory demand for HK$4,747,254.03 was filed, which has also been adjourned indefinitely, and a winding-up petition was issued but later withdrawn after a settlement[199]

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 ...

China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 loopate in to Caman Islands willmisdiasing (Results) (Responsia) (Stock Color) (Stocosy ANNUAL REPORT 年 報 2020 China Beidahuang Industry Group Holdings Limited 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 | ...

Financial Performance - Revenue for the six months ended June 30, 2020, was HK$387,346,000, representing an increase of 31.4% compared to HK$294,755,000 in the same period of 2019[13]. - Gross profit for the same period was HK$72,613,000, up 28.5% from HK$56,519,000 in 2019[13]. - Profit attributable to owners of the parent for the period was HK$8,103,000, compared to HK$1,568,000 in 2019, marking a significant increase of 418.5%[14]. - Basic and diluted earnings per share increased to HK0.14 cents from HK0.03 cents in the previous year[14]. - Other income, gains, or losses for the period amounted to HK$27,669,000, a substantial rise from HK$12,988,000 in 2019[13]. - The company reported a profit before tax of HK$816,000, a turnaround from a loss of HK$2,372,000 in the same period last year[13]. - The Group recorded a consolidated net profit of approximately HK$2,042,000 for the six months ended June 30, 2020[39]. - The Group's total tax credit for the period was HK$1,226,000, compared to HK$2,954,000 in 2019[106]. Assets and Liabilities - Non-current assets decreased from HK$1,605,714,000 to HK$1,485,364,000, a decline of approximately 7.5%[18]. - Current assets increased from HK$1,406,941,000 to HK$1,427,411,000, an increase of about 1.0%[21]. - Net current assets rose from HK$320,198,000 to HK$369,552,000, reflecting a growth of approximately 15.4%[23]. - Total assets less current liabilities decreased from HK$1,925,912,000 to HK$1,854,916,000, a decline of around 3.7%[23]. - Non-current liabilities decreased from HK$696,656,000 to HK$592,442,000, a reduction of approximately 14.9%[23]. - Net assets slightly decreased from HK$1,229,256,000 to HK$1,221,343,000, a decline of about 0.6%[23]. - Total equity attributable to owners of the company remained stable at HK$622,513,000[23]. - Cash and cash equivalents decreased from HK$79,995,000 to HK$51,842,000, a decline of approximately 35.3%[21]. - Trade receivables increased from HK$96,681,000 to HK$107,771,000, an increase of about 11.4%[19]. - Inventories decreased from HK$48,393,000 to HK$33,033,000, a decline of approximately 31.8%[19]. Financing and Costs - Finance costs increased to HK$50,503,000 from HK$22,903,000, reflecting a rise of 120.4%[13]. - Interest on bank and other borrowings increased to HK$26,204,000 from HK$9,817,000 in 2019, reflecting higher financing costs[100]. - The total carrying amounts of bank and other borrowings decreased from HK$541,962,000 as of December 31, 2019, to HK$512,231,000 as of June 30, 2020, a decline of approximately 5.5%[175]. - Secured bank loans decreased from HK$78,761,000 as of December 31, 2019, to HK$59,759,000 as of June 30, 2020, a decrease of about 24.2%[175]. - Unsecured other loans decreased significantly from HK$271,910,000 as of December 31, 2019, to HK$66,181,000 as of June 30, 2020, a reduction of approximately 75.7%[175]. Business Segments - The Group is organized into six reportable operating segments: wine and liquor, trading of food products, construction and development, financial leasing, mineral products, and rental[55]. - Revenue from trading food products was HK$181,281,000, up 80.7% from HK$100,282,000 in 2019[80]. - The trading of food products business recorded revenue of approximately HK$181.28 million, accounting for 46.81% of total revenue, compared to 34.02% in 2019[198]. - Financial leasing income increased to HK$10,401,000 from HK$4,467,000 in 2019, indicating growth in this segment[87]. - No revenue was generated from the wine and liquor business during the period, down from HK$1.06 million in 2019 due to interruptions caused by the coronavirus outbreak[197]. - The Group will continue to review the development of the wine and liquor business segment due to the ongoing uncertainty of the coronavirus outbreak[197]. Operational Measures and Future Outlook - The company has seen a significant increase in revenue and profit margins, indicating a positive outlook for future performance[10]. - Management is focusing on improving operating results and cash flows through various cost control measures[41]. - A substantial shareholder has agreed to provide continuous financial support to meet the Group's liabilities[45]. - The Group is negotiating with creditors to extend the default secured bond[45]. - The Directors adopted a going concern basis for the preparation of the financial statements, considering future liquidity and operational measures[40]. Other Financial Information - The Group has applied new amendments to HKFRSs for the first time, effective from January 1, 2020, with no material impact on financial performance[48]. - The amendment to HKFRS 16 allows lessees to not assess Covid-19-related rent concessions as lease modifications, effective from January 1, 2020[50]. - The practical expedient for rent concessions applies only if the revised lease payments are substantially the same or less than the previous payments[51]. - The interim condensed consolidated financial statements were approved by the Board on 28 August 2020[191]. - No dividend was recommended for the six months ended June 30, 2020, consistent with the previous year[107].

China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 Windows Market Amazdan (於開曼群島註冊成立的有限公司) (Stock Code 股份代號: 00039) ANNUAL REPORT 年 報 2019 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 | | Report of the Directors | 董事會報告 | | I ...

as | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | 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) | | Interim Report 2019 I 中期報告 Contents 目錄 Corporate Information 2 公司資料 Interim Condensed Consolidated State ...

Financial Performance - For the year ended December 31, 2018, the Group's revenue was approximately HK$1,267.14 million, representing a 13.68% increase from HK$1,114.64 million in 2017[13] - The Group's gross profit for the year was approximately HK$169.93 million, up from HK$119.31 million in 2017[13] - The net profit for the year was approximately HK$11.78 million, a significant decrease from HK$110.28 million in 2017, primarily due to a reduction in other income[13] - Earnings per share for the year were HK0.08 cents, down from HK2.20 cents in 2017[13] Revenue Breakdown - The wine and liquor business recorded a revenue of approximately HK$8.33 million, a 75.07% decrease from HK$33.41 million in 2017, accounting for only 0.66% of total revenue[20] - The trading of food products business generated revenue of approximately HK$772.71 million, which accounted for 60.98% of total revenue, up from 45.29% in 2017[21] - The rental business recorded revenue of approximately HK$249.97 million, representing 19.73% of total revenue, an increase from HK$162.30 million in 2017[23] - The liquor business recorded revenue of approximately HK$8.33 million, a decrease of 75.07% from HK$33.41 million in 2017, accounting for only 0.66% of total revenue[24] - The food trading business generated revenue of approximately HK$772.71 million, an increase of 53.03% from HK$504.8 million in 2017, representing 60.98% of total revenue[25] - The leasing business reported revenue of approximately HK$249.97 million, up 54.14% from HK$162.3 million in 2017, accounting for 19.73% of total revenue[26] - The money lending business recorded revenue of HK$36.56 million, down 25.2% from HK$48.93 million in 2017, representing 2.89% of total revenue[28] - The construction and development business had no revenue following the disposal of Fujian Fangrun, which generated HK$230.52 million in 2017, accounting for 20.68% of total revenue[29] - The mineral products business achieved revenue of approximately HK$199.57 million, an increase of 48.3% from HK$134.67 million in 2017, representing 15.75% of total revenue[30] Strategic Plans and Acquisitions - The Group plans to control costs and focus on existing resources while exploring acquisitions and diversifying its business mix, particularly in the PRC and Hong Kong[14] - The Group will continue to invest in potential renting facilities to further enhance revenue from the rental business segment[23] - The group plans to continue expanding its existing businesses and seek potential acquisitions in profitable sectors[37] - A memorandum of understanding was signed for a possible acquisition of 70% equity interests in two companies in the PRC, with land use rights for a total planned building area of 300,000 sq. m.[43] - The company entered into a non-binding memorandum of understanding (MOU) on April 27, 2018, to potentially acquire 70% equity in two target companies in China, which own land rights of 471 acres and a total planned construction area of 300,000 square meters[44] - Due diligence for the acquisition did not progress as expected, leading to the termination of the MOU on December 7, 2018, releasing all parties from obligations under the MOU[48] Corporate Governance - The Board comprised six executive directors, two non-executive directors, and four independent non-executive directors as of December 31, 2018, ensuring compliance with the Listing Rules[122] - The Company has complied with all code provisions of the Corporate Governance Code during the year ended December 31, 2018, except where otherwise stated[114] - The Company adopted share option schemes to provide incentives for employees, aiming to recruit and retain quality staff for long-term service[108] - The Company appointed new executive and independent non-executive directors on December 10, 2018, restoring compliance with the Listing Rules[127] - The Board is responsible for corporate governance practices, ensuring transparency and accountability to shareholders[113] - The independent non-executive directors ensure that the interests of all shareholders are considered in an objective manner[120] - The Audit Committee held two meetings in 2018 to review financial statements and compliance, including the audited financial statements for the year ended December 31, 2017[144] - The Remuneration Committee conducted four meetings in 2018 to review and recommend remuneration for directors and senior management[149] - The Company has established a Nomination Committee responsible for assessing the independence of independent non-executive directors and making recommendations for appointments[151] - The Company has appropriate insurance coverage for directors' liability[133] Financial Position and Ratios - The Group's net assets attributable to owners of the parent were approximately HK$1,459.01 million as of December 31, 2018, slightly down from HK$1,462.21 million in 2017[74] - The current ratio decreased to 1.36 in 2018 from 1.45 in 2017, indicating a decline in liquidity[74] - Total borrowings as of December 31, 2018, were approximately HK$533.83 million, down 13.39% from HK$616.56 million in 2017[74] - The gearing ratio increased to 37.21% in 2018 from 35.08% in 2017, indicating a slight rise in financial leverage[76] - The Group's unpledged cash and cash equivalents decreased to approximately HK$37.28 million in 2018 from HK$66.18 million in 2017[74] - Pledged deposits as of December 31, 2018, were approximately HK$83.58 million, down from HK$214.23 million in 2017[78] Employee and Management Information - As of December 31, 2018, the Group had approximately 174 employees, an increase from 165 in 2017, with total staff costs amounting to approximately HK$28.85 million, down from HK$35.24 million in 2017[108] - The total staff costs decreased by approximately 18.1% from 2017 to 2018, reflecting cost management efforts[108] - The Company encourages directors to participate in continuous professional development, with training records maintained to assist in tracking their training activities[192] Legal and Compliance Matters - The Company believes the probability of compensation being payable in relation to two civil litigations is low, and it is currently seeking further information from its PRC lawyers[107] - The Company is actively monitoring the legal proceedings and will provide updates as necessary[107] Risk Management - The Group did not engage in any hedging activities against foreign currency risk during the year, which may expose it to financial impacts from exchange rate fluctuations[96] - The Group's exposure to foreign exchange risk is primarily related to bank deposits in Hong Kong dollars and US dollars, with fluctuations in Renminbi contributing to exchange losses[90] - The Group is diversifying its business into logistics and mining, which is expected to reduce the risk associated with reliance on key suppliers in the future[88] - The Group has established strong relationships with its major suppliers, which may mitigate risks related to supplier retention[88]