Financial Performance - Revenue for the six months ended June 30, 2021, was HK$403,141,000, an increase of 4.1% compared to HK$387,346,000 in the same period of 2020[10]. - Gross profit for the period was HK$74,672,000, up from HK$72,613,000, reflecting a gross margin improvement[11]. - The company reported a loss before tax of HK$6,057,000, compared to a profit of HK$816,000 in the prior year[13]. - Total comprehensive income for the period was HK$8,602,000, compared to a loss of HK$7,913,000 in the same period last year[19]. - The profit attributable to equity holders of the Company for the six months ended June 30, 2021, was HK$570,000, a decrease of 93% from HK$8,103,000 in 2020[99]. - The Group reported a net loss of approximately HK$4.45 million, a decline from a profit of HK$2.04 million in 2020, primarily due to the absence of substantial fair value gains and increased allowances for expected credit losses[167]. Expenses and Costs - Administrative expenses increased to HK$52,574,000 from HK$39,085,000, indicating a rise of 34.5% year-on-year[12]. - Selling and distribution expenses rose to HK$9,615,000, up from HK$7,004,000, marking a 37.4% increase[12]. - Cost of inventories sold increased to HK$182,308,000, up 47% from HK$123,712,000 in 2020[91]. - Depreciation of right-of-use assets for the period was HK$79,162,000, an increase from HK$70,259,000 in 2020[91]. - Corporate and other unallocated expenses amounted to HK$30,059,000, while finance costs were HK$51,129,000, affecting the overall profitability[76]. Assets and Liabilities - Total non-current assets decreased from HK$1,611,014,000 to HK$1,535,502,000, a reduction of approximately 4.7%[21]. - Current assets increased from HK$1,383,516,000 to HK$1,406,852,000, reflecting a growth of about 1.7%[24]. - Total non-current liabilities decreased from HK$710,824,000 to HK$653,545,000, a reduction of about 8.1%[25]. - Trade and bills payables decreased significantly from HK$105,668,000 to HK$60,518,000, a decline of approximately 42.7%[25]. - The total amount of bank and other borrowings was HK$385,279,000 as of June 30, 2021, down from HK$393,024,000 as of December 31, 2020, representing a decrease of 2.0%[148]. Cash Flow and Liquidity - Net cash flows generated from operating activities improved to HK$122,271,000 compared to HK$71,019,000, an increase of approximately 72.3%[40]. - Cash and cash equivalents at the end of the period decreased to HK$24,495,000 from HK$26,115,000, a decline of approximately 6.2%[41]. - The company reported a net decrease in cash and cash equivalents of HK$5,558,000 for the period[41]. - As of June 30, 2021, the Group had cash and cash equivalents of approximately HK$24,495,000, which may not be sufficient to repay default secured bonds of approximately HK$109,000,000 and default unsecured bonds of HK$18,100,000[55]. - The Group is actively negotiating for further financing, including equity financing and bank borrowing, to improve liquidity[62]. Revenue Segmentation - Segment revenue for the wine and liquor segment was HK$136,952,000, while the trading of food products segment generated HK$116,295,000, and the construction and development segment contributed HK$132,197,000, totaling HK$403,141,000 in external sales[78]. - Revenue from trading of food products decreased to HK$136,952,000, down 24% from HK$181,281,000 in 2020[85]. - Revenue from mineral products increased significantly to HK$116,295,000, up 43% from HK$81,243,000 in 2020[85]. - The rental business generated revenue of approximately HK$132.20 million, representing 32.79% of total revenue, an increase from 29.54% in 2020[177]. - The financial leasing business recorded revenue of HK$17.70 million, accounting for 4.39% of total revenue, up from 2.68% in 2020[182]. Future Outlook and Strategy - The company has not provided specific guidance for future performance but indicated ongoing efforts in market expansion and product development[14]. - The Group plans to continue controlling costs and focus on organic growth and acquisitions when appropriate opportunities arise[169]. - A strategic cooperation agreement was established for global procurement of feed ingredients, effective from March 1, 2021, to December 31, 2022[188]. - A framework agreement was signed to establish an e-commerce platform with a target annual sales amount of RMB4 billion[192].

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 ...

Financial Performance - Revenue for the six months ended June 30, 2019, was HK$294,755,000, a decrease of 45% compared to HK$535,263,000 in 2018[11] - Gross profit for the same period was HK$56,519,000, down from HK$93,315,000, reflecting a decline of 39.5%[11] - The company reported a loss before tax of HK$2,372,000, compared to a profit of HK$26,654,000 in the previous year[11] - Profit attributable to owners of the parent was HK$1,568,000, a significant decrease from HK$9,040,000 in 2018[13] - Basic and diluted earnings per share were HK0.03 cents, down from HK0.17 cents in the prior year[14] - Profit for the period was HK$582,000, a significant decrease from HK$23,482,000 in the same period last year, representing a decline of approximately 97.5%[15] - Other income for the period was HK$12,988,000, compared to HK$24,103,000 in 2018, showing a decline of 46%[11] - The company recorded a gain on disposal of a subsidiary amounting to HK$2,490,000, down from HK$9,547,000 in the previous year[11] - The income tax credit for the period was HK$2,954,000, compared to an expense of HK$3,172,000 in 2018[11] - Total comprehensive income for the period amounted to HK$1,039,000, contrasting with a loss of HK$4,001,000 in the same period of 2018[15] Assets and Liabilities - Non-current assets increased to HK$2,265,851,000 from HK$1,206,862,000, reflecting a growth of approximately 88%[17] - Current assets decreased slightly to HK$1,266,874,000 from HK$1,341,107,000, a decline of about 5.5%[17] - Current liabilities decreased significantly to HK$969,111,000 from HK$988,535,000, a reduction of approximately 2%[19] - Total equity increased to HK$1,622,867,000 from HK$1,511,989,000, representing a growth of about 7.3%[19] - The company’s cash and cash equivalents decreased to HK$26,975,000 from HK$37,277,000, a decline of approximately 27.5%[17] - The carrying amount of property, plant, and equipment as of June 30, 2019, was HK$345,585,000, an increase from HK$321,173,000 as of December 31, 2018[150] - The carrying amount of other intangible assets decreased to HK$112,334,000 as of June 30, 2019, from HK$123,495,000 at the end of 2018[152] - Total liabilities decreased to HK$285,674,000 as of June 30, 2019, from HK$333,424,000 as of December 31, 2018[192] Cash Flow - Net cash flows generated from operating activities for the six months ended June 30, 2019, were HK$74,750,000, compared to a net cash outflow of HK$174,422,000 in the same period of 2018[25] - The net decrease in cash and cash equivalents for the six months ended June 30, 2019, was HK$5,465,000, an improvement from a decrease of HK$24,208,000 in 2018[25] - Cash and cash equivalents at the end of the period on June 30, 2019, were HK$26,975,000, down from HK$32,622,000 at the beginning of the period[25] - The company reported a significant cash outflow from financing activities of HK$60,741,000 for the six months ended June 30, 2019, compared to an inflow of HK$91,609,000 in 2018[25] Segment Performance - Revenue from trading food products decreased significantly to HK$100,282,000, down 70% from HK$338,052,000 in the previous year[131] - Segment results showed a profit of HK$33,477,000 for the trading of mineral products, up from HK$90,670,000 in 2018[109] - Rental income increased to HK$120,480,000, up from HK$110,969,000 in 2018, reflecting a growth of 11%[131] - Compensation income rose significantly to HK$11,479,000, compared to HK$3,132,000 in the previous year, marking an increase of 267%[131] Accounting Standards and Policies - The company applied new accounting standards, including HKFRS 16 on leases, effective from January 1, 2019, which may impact future financial reporting[33] - The Group has adopted HKFRS 16 from January 1, 2019, recognizing lease liabilities measured at the present value of remaining lease payments[47] - The Group's lease liabilities were classified as "operating leases" under HKAS 17 prior to the adoption of HKFRS 16[49] - Payments associated with short-term leases and leases of low-value assets are recognized as an expense in profit or loss on a straight-line basis[47] Shareholder Information - No dividend was recommended for the six months ended June 30, 2019, consistent with the previous year[143] - The weighted average number of ordinary shares in issue increased to 5,890,531,000 from 5,426,181,000 in 2018[146] Debt Instruments - The Group issued convertible bonds with a total principal value of HK$200,000,000 and a coupon rate of 10% per annum on June 8, 2017[194] - The convertible bonds can be converted into 500,000,000 shares at a conversion price of HK$0.4 per share[194] - The bonds will mature on June 7, 2019, and if not converted, will be redeemed at face value[195] - The total proceeds from the issuance of the bonds were HK$200,000,000[198]

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]