6月11日，截至港股收盘，恒生指数上涨0.84%，报24366.94点。绿领控股（00061.HK）收报0.1港元/ 股，上涨17.65%，成交量243.62万股，成交额23.71万港元，振幅24.71%。 最近一个月来，绿领控股累计涨幅14.86%，今年来累计涨幅34.92%，跑赢恒生指数20.45%的涨幅。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：行情君 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，煤炭行业市盈率（TTM）平均值为3.05倍，行业中值2.68倍。绿领控股市盈率0.03倍， 行业排名第1位；其他蒙古能源（00276.HK）为0.05倍、南戈壁（01878.HK）为1.43倍、易大宗 （01733.HK）为2.35倍、久泰邦达能源（02798.HK）为2.49倍、南南资源（01229.HK）为2.86倍。 资料显示，绿领控股集团有限公司(于百慕达注册成立之有限公司,"公司"或"绿领集团")是一家在香港联 合交易所主板上市的企业,股票代码HK0061,公司在中国山西有五个主焦煤生产的煤矿,年生产能可达为 4 ...

Economic Environment - The Group faced significant challenges due to global economic volatility and discontinued certain non-profitable mining operations to build a more resilient business[12]. - Global economic growth is projected to remain at 3.2% in 2024, with slow but steady recovery expected[15]. - The instability from geopolitical conflicts, particularly in Russia-Ukraine and the Middle East, poses significant risks to global economic recovery[14]. - The overall operating environment in the PRC remained challenging due to ongoing US-China tensions and high US dollar interest rates[48]. - The economic growth in the PRC post-pandemic was described as modest, with market difficulties persisting from prior years[48]. Market Demand and Operations - There has been a shift in market demand towards high-quality and low-pollution coal products, prompting increased investments in coal processing and mixing[13]. - The Group adopted state-of-the-art coal washing techniques to reduce impurities and minimize pollutant emissions during combustion[13]. - The Group will continue to optimize coal mixing strategies to provide customized solutions for various industries[13]. - The Group's coal trading revenue reflects the ongoing challenges in the coal market and the impact of external economic factors[56]. - The decision to discontinue the coal trading business reflects the Group's commitment to optimizing its operational framework and driving sustainable growth in its core business segment[61]. Financial Performance - The Group's revenue from continuing operations was approximately HK$120,234,000, while revenue from discontinued operations was approximately HK$113,935,000[56]. - The Group recorded a revenue of approximately HK$120,234,000 for the year, representing an increase of approximately HK$24,554,000 or 25.7% compared to approximately HK$95,680,000 in the previous year[74]. - The Group's loss from continuing operations for the year was approximately HK$241,236,000, an increase from approximately HK$193,519,000 in the previous year[76]. - The Group reported a loss before taxation of HK$237,514,000 in 2024, an improvement from a loss of HK$3,976,091,000 in 2023[108]. - The Group's total cash and cash equivalents decreased to approximately HK$2,016,000 as of December 31, 2024, from approximately HK$101,430,000 as of December 31, 2023[99][104]. Governance and Management - The Company has a strong governance structure with various committees including audit, remuneration, nomination, and risk management[32][39][41]. - The Company is focused on enhancing its corporate governance through experienced directors and committee structures[32][39][41]. - The Group continues to expand its leadership team with experienced professionals to drive future growth[27][32][39]. - The Group adopts a proactive risk management approach to mitigate business and operational risks, including establishing long-term partnerships with reliable suppliers and optimizing logistics and inventory management systems[115]. - The Group actively monitors macroeconomic conditions and government policies in the PRC to mitigate economic risks, employing a flexible business strategy that includes diversifying operations and optimizing cost structures[116]. Strategic Initiatives - The Group has initiated a strategic rebuilding initiative to strengthen its core coal operations, including securing new premises and upgrading to state-of-the-art equipment[58]. - The Group is exploring business opportunities related to cassava-based agricultural and deep processing in Cambodia[66]. - The Group is also seeking opportunities in the systems integration services and software solutions segment[67]. - The Group has invested approximately RMB2,035,000 (equivalent to approximately HK$2,261,000) in machinery for the coal mixing business[64]. - Hengbaitai, a wholly-owned subsidiary, is expected to enhance profitability through coal mixing and the sale of mixed coal, with a new facility located in Shanxi[64]. Risk Management - The Group categorizes customers based on internal credit ratings to manage credit risk, avoiding acceptance of bills from customers with low credit ratings[120]. - The Group actively manages price risk in coal trading by monitoring market trends and employing a diversified procurement strategy to reduce dependence on a single market or supplier[122]. - The Group closely monitors foreign currency exposure to manage exchange rate risk and considers hedging significant exposures when necessary[122]. - The Group continuously improves management rules and promotes energy saving to address environmental risks associated with stringent regulations[125]. - The Group closely monitors changes in the regulatory environment to mitigate legal and regulatory risks, ensuring adequate resources are allocated for compliance[125]. Human Resources - The Group offers competitive reward packages to attract and retain talent, ensuring a conducive working environment for employees[125]. - The Group's total staff costs from continuing operations amounted to approximately HK$6,512,000 for the Year, compared to approximately HK$5,923,000 for the previous year[185]. - The Group employed approximately 47 full-time employees in Hong Kong and the PRC as of December 31, 2024[183]. Shareholder and Market Information - The Company maintained a public float of not less than 25% of its total issued share capital throughout the Year[172]. - The Group did not purchase, redeem, or sell any of its listed securities during the Year[173]. - No dividends were recommended for the year, consistent with the previous year[151]. - Sales to the Group's largest customer accounted for approximately 72% of total sales in 2024, while sales to the five largest customers accounted for approximately 100%[174]. - Purchases from the Group's largest supplier accounted for approximately 33% of total purchases in 2024, with the five largest suppliers accounting for approximately 97%[174].

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 120,234,000, an increase of 25.7% compared to HKD 95,680,000 in 2023[2] - Gross profit for the same period was HKD 16,361,000, up from HKD 15,637,000, reflecting a gross margin improvement[3] - The annual profit attributable to owners of the company was HKD 1,577,500,000, a significant recovery from a loss of HKD 1,803,269,000 in the previous year[2] - The company reported a total comprehensive income of HKD 1,758,497,000 for the year, compared to a loss of HKD 3,344,700,000 in 2023[5] - The company reported basic and diluted earnings per share of HKD 3.00 for the year, compared to a loss per share of HKD 3.43 in 2023[4] - The gross loss for 2024 was HKD 2,692,000 compared to a gross profit of HKD 6,331,000 in 2023, indicating a shift from profitability to loss[40] - The pre-tax loss for 2024 was HKD 65,193,000, a substantial improvement from a pre-tax loss of HKD 3,786,296,000 in 2023[40] - The company reported a loss from continuing operations of approximately HKD 241,236,000 for the year, an increase from HKD 193,519,000 in the previous year[87] Assets and Liabilities - Non-current assets decreased to HKD 5,842,000,000 from HKD 4,519,499,000, primarily due to changes in property, plant, and equipment[6] - Current liabilities decreased to HKD 2,183,915,000 from HKD 7,874,708,000, indicating improved liquidity[6] - The total assets less current liabilities improved to HKD (2,034,360,000) from HKD (2,652,138,000), showing a reduction in net liabilities[7] - Current liabilities exceeded current assets by approximately HKD 2,040,202,000, down from HKD 7,171,637,000 in 2023[14] - Total liabilities exceeded total assets by approximately HKD 2,480,302,000, an improvement from HKD 3,713,613,000 in 2023[14] - Total borrowings, including various liabilities, were HKD 1,250,427,000, significantly reduced from HKD 6,506,062,000 in 2023[14] - Cash and cash equivalents were approximately HKD 2,016,000, a decrease from HKD 118,099,000 in 2023[14] Business Operations and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[2] - The group decided to terminate coal trading operations through Shanxi Changtong to improve profit margins and refocus resources on coal processing and sales[9] - The group is facing significant uncertainties that may raise doubts about its ability to continue as a going concern[17] - The group aims to enhance the profitability of its coal business to improve operational cash flow and financial condition[19] - The group has implemented measures to improve its financial situation and alleviate liquidity pressure, including seeking external financing opportunities[19] - The group operates in three main segments: cassava starch business, coal business, and system integration services and software solutions[23] - The mining business has been classified as discontinued operations, focusing on geological research, exploration, and development of coal deposits[24] - The group is exploring opportunities related to cassava agriculture and deep processing in Cambodia[79] - The group is seeking business opportunities in system integration services and software solutions[80] Financing and Debt Management - The outstanding principal amount of the 2017 convertible bonds is USD 40,000,000 (approximately HKD 312,000,000), which has matured and is overdue[15] - The group is negotiating with convertible bondholders to extend repayment deadlines, as well as with other creditors related to the acquisition of subsidiaries[19] - The group is actively seeking external financing and fundraising opportunities to improve liquidity and financial condition[59] - The company is actively negotiating with 2017 noteholders for potential extensions or settlements regarding outstanding debts, but a repayment schedule has not yet been established[62] - The company has entered into a revised agreement with 2020 noteholders to extend the maturity date of HKD 395 million convertible notes to two years after the completion of the revised agreement[71] Market Conditions and Economic Outlook - The overall operating environment remains challenging, with ongoing difficulties in the Chinese market and tensions between the US and China impacting performance[70] - The Chinese government announced an economic stimulus plan in September 2024 aimed at addressing economic growth slowdown, focusing on improving liquidity and stabilizing financial markets[70] - The management maintains a cautiously optimistic outlook on the domestic coal market, despite uncertainties in the overall economic recovery[102] Corporate Governance and Compliance - The company has adopted the Corporate Governance Code as per Appendix C1 of the Listing Rules[113] - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting and risk management[116] - The auditors have confirmed that the consolidated financial statements for the year ended December 31, 2024, are consistent with the amounts reported[117] - The company plans to distribute its annual report within the designated period to shareholders, which will include all relevant information as per Listing Rules[118]

GreenLeader Green Leader Holdings Group Limited ូ 領 (Incorporated in Bermuda with limited lability) (於百慕達註冊成立之有限公司） the from the Stock Code 股份代號：0061 . . . . . o one of one of the one one on . . . . . . . . 0 0 0 0 0 0 INTERIM REPORT 中期報告 Corporate Information 公司資料 CONTENTS 目錄 Management Discussion and Analysis 管理層討論及分析 Other Information 其他資料 Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 Condensed C ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 161,882,000, an increase of 43.4% from HKD 112,860,000 in the same period of 2023[1] - Gross profit for the same period was HKD 12,045,000, compared to HKD 1,431,000 in 2023, reflecting a significant increase[2] - The net profit for the period was HKD 1,710,061,000, a turnaround from a loss of HKD 1,904,000,000 in the previous year[3] - Profit attributable to the owners of the company was HKD 1,726,335,000, compared to a loss of HKD 1,000,447,000 in the same period last year[3] - Basic earnings per share from discontinued operations was HKD 350.9, compared to a loss of HKD 164.7 in the previous year[3] - Total comprehensive income for the period was HKD 1,899,330,000, compared to a comprehensive loss of HKD 1,869,606,000 in 2023[4] - The company reported external sales of 161,882 thousand HKD for the six months ended June 30, compared to 112,860 thousand HKD in the same period last year, representing an increase of approximately 43.4%[18] - The company experienced a pre-tax loss of 117,722 thousand HKD for the six months ended June 30, compared to a loss of 133,623 thousand HKD in the previous year, indicating an improvement in financial performance[18] - The loss from continuing operations for the six months ended June 30, 2024, was approximately HKD 120,563,000, a slight improvement from HKD 133,666,000 for the same period in 2023[44] Assets and Liabilities - Current liabilities decreased significantly to HKD 2,103,137,000 from HKD 7,874,708,000 at the end of 2023[6] - The total assets less current liabilities improved to HKD (1,928,628,000) from HKD (2,652,138,000) at the end of 2023[7] - As of June 30, 2024, the group's current liabilities exceeded current assets by approximately HKD 1,934,078,000, a decrease from HKD 7,171,637,000 as of December 31, 2023[11] - Total liabilities exceeded total assets by approximately HKD 2,339,024,000 as of June 30, 2024, compared to HKD 3,713,613,000 as of December 31, 2023[11] - The group's total borrowings amounted to approximately HKD 1,219,649,000 as of June 30, 2024, down from HKD 6,506,062,000 as of December 31, 2023[11] - Cash and cash equivalents were approximately HKD 1,455,000 as of June 30, 2024, compared to HKD 118,099,000 as of December 31, 2023[11] - Trade receivables as of June 30, 2024, amounted to HKD 84,145, a decrease from HKD 355,642 as of December 31, 2023[35] - Trade payables as of June 30, 2024, were HKD 31,719, with an average credit period for purchases of 90 days[36] - The group had total liabilities of approximately HKD 2,513,533,000 as of June 30, 2024, compared to approximately HKD 8,936,183,000 as of December 31, 2023[51] Operational Developments - The company has not disclosed any new products, technologies, or market expansion strategies in the current report[1] - The group is engaged in coal exploration, IT product sales, and cassava cultivation, indicating a diversified business model[10] - The group plans to expand its coal business by introducing coal blending and sales, with an investment of approximately RMB 2,035,000 (around HKD 2,261,000) for the necessary equipment[42] - The new coal blending and processing facilities are planned to be located in Shanxi, enhancing the group's existing coal-related business[42] - The company is seeking opportunities related to cassava agriculture and deep processing in Cambodia[44] - The company is preparing strategic restructuring measures to enhance operational efficiency and market share, supported by rising coal prices in Shanxi[70] Financial Strategies and Challenges - The company aims to enhance its mining and coal business profitability to improve operational cash flow and financial condition[12] - The company is seeking to negotiate extensions for repayment deadlines related to convertible loan notes and other payables to alleviate liquidity pressure[12] - The company is facing significant uncertainties regarding its ability to continue as a going concern, dependent on successful negotiations and financial strategies[12] - The company is actively seeking external financing and fundraising opportunities to improve its financial situation[55] - The company is negotiating with other creditors regarding the extension of repayment deadlines[55] - The company has extended the maturity date of the zero-coupon convertible notes originally due on October 20, 2022, to a date two years after the completion of the amendment agreement[54] - The company is currently in discussions regarding the repayment of the outstanding principal amount of $40,000,000 (equivalent to HK$312,000,000) owed to the 2017 noteholders[55] Corporate Governance and Compliance - The board of directors does not recommend the payment of an interim dividend for the six months ended June 30, 2024, compared to no dividend declared for the same period in 2023[39] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited interim financial information for the six months ending June 30, 2024[74] - The company has adopted a standard code of conduct for directors trading in its securities, confirming compliance as of June 30, 2024[72] - The board believes that having the same individual serve as both Chairman and CEO enhances business strategy execution and operational efficiency, despite deviating from corporate governance code C.2.1[73] Market Conditions - The Shanxi coal market showed stable production and price increases due to transportation costs and environmental policies, maintaining its critical role in China's energy supply[39] - Coal prices increased significantly from RMB 877 per ton in 2020 to RMB 1,627 per ton in 2022, with a year-on-year growth rate of approximately 80% in 2021 and about 10% in 2022; however, prices dropped by about 20% in 2023 compared to 2022[47]

Financial Performance - The Group recorded a loss of approximately HK$3,339,315,000 for the year ended December 31, 2023, compared to a profit of approximately HK$347,694,000 for the year ended December 31, 2022[68]. - Revenue for the year ended December 31, 2023, was approximately HK$1,463,280,000, representing a decrease of approximately HK$842,519,000 or 36.5% from HK$2,305,799,000 in 2022, primarily due to lower selling prices and production units of mining products[68]. - Gross profit for the year ended December 31, 2023, was approximately HK$21,968,000 with a gross profit ratio of 1.5%, down from approximately HK$767,973,000 and a gross profit ratio of 33.3% in 2022, attributed to decreased selling prices and increased production costs[69]. - For the year ended December 31, 2023, the loss attributable to owners of the Company was approximately HK$1,803,269,000, a significant increase from approximately HK$229,533,000 for the year ended December 31, 2022, primarily due to decreased revenue and gross profit from mining operations[84][87]. - The Group reported a loss before taxation of approximately HK$3,976,091,000 for 2023, compared to a profit of approximately HK$575,714,000 in 2022[102]. Production and Operations - The Group produced approximately 990,000 tonnes of coal in the year ended December 31, 2023, a decrease from approximately 1,026,000 tonnes in the previous year, while sales volume dropped to approximately 850,000 tonnes from approximately 919,000 tonnes[46]. - The Group's total annual coal production capacity is 1,650,000 tonnes as of December 31, 2023[46]. - Fuchang Mine and Liaoyuan Mine each have an expected production capacity of 600,000 tonnes per year, with Fuchang Mine recognized as a Second Class Safe Production Standardisation Coal Mine[47]. - The trial operations of Bolong Mine were approved on January 3, 2024, with full operations expected to commence after six months of trial operations[54]. - The expected production schedule for the combined resources of Bolong Mine and Xinfeng Mine will commence after the original production schedule of Bolong Mine is completed[48]. Market and Regulatory Environment - The coal regulatory authorities in Shanxi have implemented stringent policies on safety and environmental protection, impacting the coal market[11]. - The decrease in coking coal prices was influenced by softened export demand and adjustments to meet new regulatory standards[45]. - The Group is committed to cooperating with relevant departments to implement reduction and geographical restructuring plans as mandated by regulatory documents[52]. - Environmental regulations may lead to tighter production restrictions and increased compliance costs, impacting coal output[138]. - The Shanxi coking coal market is expected to face a dynamic landscape with stable demand driven by ongoing infrastructure projects, but potential supply-side constraints due to sector rationalization[137]. Financial Position and Liabilities - As of December 31, 2023, the Group recorded total assets of approximately HK$5,222,570,000, a decrease from approximately HK$8,969,435,000 as of December 31, 2022[95]. - Total liabilities amounted to approximately HK$8,936,183,000 as of December 31, 2023, compared to approximately HK$9,435,125,000 in the previous year[95]. - The Group's total capital deficiencies increased significantly to approximately HK$3,713,613,000 as of December 31, 2023, from approximately HK$465,690,000 as of December 31, 2022[95]. - The Group's cash and cash equivalents decreased to approximately HK$101,430,000 as of December 31, 2023, down from approximately HK$161,675,000 in 2022[97]. - The Group's gearing ratio is not meaningful due to capital deficiencies attributable to owners of the Company as of December 31, 2023[96]. Management and Governance - The leadership team possesses diverse expertise in mining, engineering, finance, and environmental compliance, essential for optimizing operational efficiency[62]. - The Chairman expressed gratitude to stakeholders for their support and emphasized the importance of employee dedication for ongoing development[17]. - The Group's Directors' emoluments were reviewed by the remuneration committee based on their duties, Company performance, and market conditions[186]. - The independence of all three independent non-executive Directors was confirmed in accordance with Listing Rules[195]. - The Group has established share charges over several subsidiaries and accounts receivables to secure convertible bonds[124]. Strategic Initiatives - The Board is optimistic about the coal operation business and aims to increase market share by allocating more resources and enhancing competitive edge[12]. - The Group will explore business opportunities related to the coal industry and actively seek external financing to improve its financial position[12]. - The Group is exploring business opportunities related to cassava-based agricultural and deep processing in Cambodia[66]. - The coal operation business aims to achieve sustainable growth through a strategic framework focusing on operational excellence, diversification, and environmental compliance[61]. - The management is focused on implementing national strategies and aims to reward shareholders with high-quality achievements[139]. Risks and Challenges - The company faces business and operational risks due to stringent regulations on safety and environmental protection in the coal industry[116]. - Economic risks are monitored closely, with adjustments made to business strategies in response to macroeconomic changes in Mainland China[116]. - Liquidity risk management involves maintaining adequate cash levels to meet financial obligations[116]. - Credit risk is mitigated by categorizing customers based on internal credit ratings and not accepting bills from low-rated customers[118]. - Price risk from fluctuations in international coal prices may significantly impact the company's financial results and asset valuations[118].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 1,463,280, a decrease of 36.5% compared to HKD 2,305,799 in 2022[2] - Gross profit for the year was HKD 21,968, down 97.1% from HKD 767,973 in the previous year[2] - The company reported a net loss attributable to shareholders of HKD 1,803,269 for 2023, compared to a profit of HKD 229,533 in 2022[2] - The group reported a net loss of approximately HKD 3,339,315,000 for the year ending December 31, 2023, compared to no loss in 2022[14] - Cumulative losses reached approximately HKD 13,536,612,000 as of the reporting date, up from HKD 11,805,738,000 in 2022[14] - The company reported a total comprehensive loss for the year was HKD 3,344,700, compared to a comprehensive income of HKD 296,538 in 2022[5] - The group’s total pre-tax loss for the year was HKD 3,976,091,000, compared to a profit of HKD 575,714,000 in the previous year, indicating a substantial downturn in financial performance[31] - The company recorded a pre-tax loss of HKD 1,803,269,000 in 2023, compared to a loss of HKD 229,533,000 in 2022, indicating a substantial increase in losses year-over-year[43] Assets and Liabilities - Total assets decreased from HKD 8,261,323 in 2022 to HKD 4,519,499 in 2023, a decline of 45.4%[7] - Non-current assets, including property, plant, and equipment, fell from HKD 2,397,212 in 2022 to HKD 1,438,660 in 2023, a decrease of 40.0%[7] - Current liabilities exceeded current assets by approximately HKD 7,171,637,000, slightly increasing from HKD 7,098,587,000 in 2022[14] - Total liabilities exceeded total assets by approximately HKD 3,713,613,000, a significant increase from HKD 465,690,000 in 2022[14] - The group’s total borrowings were approximately HKD 6,506,062,000, down from HKD 6,582,185,000 in 2022[14] - Cash and cash equivalents were approximately HKD 118,099,000, a decrease from HKD 164,269,000 in 2022[14] - As of December 31, 2023, current liabilities exceeded current assets by approximately HKD 7,171,637,000, and total liabilities exceeded total assets by about HKD 3,713,613,000[52] - The total liabilities amounted to approximately HKD 8,936,183,000 as of December 31, 2023, compared to approximately HKD 9,435,125,000 as of December 31, 2022[98] Operational Highlights - The company is primarily engaged in the development of cassava planting and related ecological circular industry chain processing, coal exploration and development, and IT product sales[10] - The mining business generated a loss of HKD 3,584,368,000 in 2023, a significant decline from a profit of HKD 1,454,352,000 in 2022[31] - The group’s coal production for the year ended December 31, 2023, was approximately 990,000 tons, a decrease from 1,026,000 tons in the previous year[79] - The group's coal sales volume for the year ended December 31, 2023, was approximately 850,000 tons, down from 919,000 tons in the previous year[79] - The group’s total coal production capacity as of December 31, 2023, is 1,650,000 tons[79] Financing and Debt Management - The group has overdue payables and is negotiating extensions for repayment deadlines, indicating significant uncertainty regarding its ability to continue as a going concern[16][17] - The group aims to improve its financial situation by negotiating extensions on convertible loan notes and other payables, and enhancing the profitability of its coal business[19][20] - The group is actively seeking external financing and fundraising opportunities to improve its financial situation[60] - The company successfully negotiated with 2017 and 2020 noteholders to restructure the repayment schedule of its financial obligations[61] - The company is actively negotiating with 2020 noteholders to extend the maturity date of the 2020 convertible loan notes[68] Governance and Compliance - The company has complied with the independence requirements for independent non-executive directors as of December 31, 2023, with all three independent directors confirming their independence[126] - The company has adopted the Corporate Governance Code and believes it has complied with its provisions, except for the deviation regarding the roles of Chairman and CEO being held by the same person[129] - The Audit Committee consists of three independent non-executive directors, ensuring proper oversight of the company's financial reporting and risk management[131] - The company’s consolidated financial statements for the year ended December 31, 2023, have been reviewed by the Audit Committee and are consistent with the amounts audited by the external auditor[134] Environmental and Social Responsibility - The company emphasizes its commitment to maintaining high environmental and social standards for sustainable development[87] - The company is committed to promoting environmental sustainability and has implemented various green office measures[124] Future Outlook - The company aims to maintain a steady strategy for high-quality development in the fiscal year 2024, expecting stable cash inflows to improve overall financial conditions[71] - The coal business outlook remains stable due to ongoing infrastructure and construction projects, despite potential supply constraints[71] - The group expects to resolve audit revisions by December 31, 2024, assuming timely implementation of action plans[72]

Financial Performance - The Group's turnover decreased in the first half of 2023 primarily due to a decline in both the selling price of coking coals and coal production volume[9]. - Revenue from the coal operation business, Hengbotai, was approximately HK$10,126,000 for the six months ended June 30, 2023, a significant decrease from approximately HK$72,345,000 in the same period of 2022[18]. - For the six months ended June 30, 2023, the Group recorded a loss of approximately HK$1,904,000,000, compared to a profit of approximately HK$864,315,000 for the same period in 2022, indicating a significant decline in performance[24][26]. - Revenue for the six months ended June 30, 2023, was approximately HK$560,663,000, a decrease of approximately HK$602,828,000 from approximately HK$1,163,491,000 in the same period of 2022[24][26]. - Gross profit for the six months ended June 30, 2023, was approximately HK$20,972,000, with a gross profit margin of 3.7%, down from approximately HK$485,490,000 and a gross profit margin of 41.7% in the prior year[25][27]. - Loss attributable to owners of the Company was approximately HK$1,000,447,000 for the six months ended June 30, 2023, compared to a profit of approximately HK$304,288,000 in the same period of 2022[35][38]. - The total comprehensive income for the period was reported as a loss of HK$970,188,000, compared to a total comprehensive income of HK$313,544,000 in the same period of 2022[187]. Production and Operations - As of June 30, 2023, the Group operated 5 coking coal mines, with expected production capacities of 600,000 tonnes per year for both Fuchang Mine and Liaoyuan Mine[10]. - The Jinxin Mine resumed operations in April 2023 after the renewal of its Safety Production Certificate, with an expected production capacity of 600,000 tonnes per year[17]. - The reorganization and consolidation of Bolong Mine and Xinfeng Mine were approved in November 2022, combining their resources and production schedules[16]. - The expected production schedule for the combined resources of Bolong Mine and Xinfeng Mine will commence after the completion of Bolong Mine's original production schedule[16]. - The Group's coal mines in full operation during the first half of 2023 were Fuchang Mine and Liaoyuan Mine, both of which have passed safety inspections and obtained necessary permits[11]. Financial Position - As of June 30, 2023, the Group recorded total assets of approximately HK$6,620,551,000, down from approximately HK$8,969,435,000 as of December 31, 2022[47]. - Total liabilities as of June 30, 2023, were approximately HK$9,006,462,000, compared to approximately HK$9,435,125,000 as of December 31, 2022[47]. - The Group's total capital deficiencies increased to approximately HK$2,385,911,000 as of June 30, 2023, from approximately HK$465,690,000 as of December 31, 2022[47]. - The Group had total cash and cash equivalents of approximately HK$111,418,000 as of June 30, 2023, down from approximately HK$161,675,000 as of December 31, 2022[49]. - The company's total equity attributable to owners decreased to HK$1,171,628,000 as of June 30, 2023, from HK$2,121,661,000 at the beginning of the year[187]. Debt and Financing - The outstanding principal amount of the 2017 Convertible Loan Note is US$40,000,000 (equivalent to HK$312,000,000), with demands for full repayment including unpaid interest[69]. - A statutory demand was received on July 22, 2022, requiring payment of US$84,943,738.72 under the 2017 Convertible Loan Note[60]. - The company is negotiating with non-controlling interests to extend repayment due dates for outstanding debts[66]. - The company is actively seeking external financing and fundraising opportunities to improve its financial position[66]. - The company aims to address audit modifications and uncertainties regarding its ability to continue as a going concern[65]. Market Conditions - The macroeconomic environment remains challenging, with inflationary pressures leading to currency exchange rate fluctuations and a decline in consumer sentiment[9]. - The Group remains optimistic about the short-term growth of the coal industry in Shanxi due to positive government attitudes and infrastructure development[87]. - The Shanxi government maintains a positive attitude towards local economic development, which is expected to benefit the coal industry in the short term[120]. Corporate Governance - The company has complied with the Corporate Governance Code except for the deviation where the roles of chairman and CEO are held by the same individual[165]. - The Board consists of two executive Directors and three independent non-executive Directors, ensuring a balance of power[165]. - The company has confirmed compliance with the Model Code for securities transactions by Directors during the six months ended June 30, 2023[166]. Employee and Shareholder Information - The Group employed approximately 1,318 full-time employees in Hong Kong and PRC as of June 30, 2023[118]. - As of June 30, 2023, Mr. Zhang Sanhuo holds 94,292,961 shares, representing approximately 17.9175% of the issued share capital[128]. - The total number of shares issued as of June 30, 2023, is 526,260,404[131].

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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 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。 GREEN LEADER HOLDINGS GROUP LIMITED 綠領控股集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：61） 截至二零二三年六月三十日止六個月之 中期業績公告 綠領控股集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公告本集團截至二零二三年六月三十日止六個月之未經審核 簡明綜合中期財務資料（「中期財務資料」），連同二零二二年同期之比較數字。中 期財務資料未經本公司核數師審閱或審核，惟已經本公司審核委員會（「審核委 員會」）審閱。 摘要 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 變動 千港元 千港元 千港元 ...

Coal Mining Operations - The Group focused on coal mining, with full construction work commencing at Fuchang Mine and Liaoyuan Mine, expecting steady cash inflow once all mines are operational[9]. - In 2022, restrictions on mining product imports to China led to a sharp rise in coking coal prices, maintaining high prices due to tight supply and demand in the domestic market[11]. - The Group plans to enhance the performance of coal mining and operation businesses steadily in 2023, actively seeking investment opportunities to generate favorable returns for shareholders[11]. - The Group anticipates that all mines will generate stable cash flow, improving its overall financial position[9]. - The Group has five coking coal mines with an expected production capacity of 600,000 tonnes per year for both Fuchang Mine and Liaoyuan Mine[47][49]. - Jinxin Mine's Safety Production Certificate was renewed, and coal mining operations are expected to resume in the second half of 2023, with a production capacity of 600,000 tonnes per year[52]. - The increase in fair value of coal mines was attributed to the overall increase in coal prices during the year[79]. - The Group's five coal mines located in Shanxi saw an increase in estimated value due to rising coal prices, with a discount rate of 12.50% applied in the valuation[76]. Financial Performance - For the year ended December 31, 2022, the Group recorded a revenue of approximately HK$2,305,799,000, representing an increase of approximately HK$692,941,000 or 43.0% compared to HK$1,612,858,000 in 2021, primarily driven by increased selling prices and production units of mining products[61]. - The profit for the year ended December 31, 2022, was approximately HK$347,694,000, a decrease from approximately HK$751,507,000 in 2021, attributed to various factors affecting revenue and costs[61]. - The gross profit for the year was approximately HK$767,973,000, with a gross profit ratio of 33.3%, up from approximately HK$347,773,000 and 21.6% in the previous year[65]. - Profit before taxation for the Group was HK$575,714,000 in 2022, down from HK$998,967,000 in 2021[95]. - Loss attributable to owners of the Company was approximately HK$229,533,000, compared to a profit of approximately HK$265,672,000 in the previous year, mainly due to increased finance costs and decreased reversal of impairment loss[75]. - The Group's revenue growth rate for 2022 was 43.0%, up from 23.7% in 2021[95]. - The gross profit margin improved to 33.3% in 2022, compared to 21.6% in 2021[95]. Management and Governance - The Chairman expressed gratitude to clients, business partners, shareholders, and employees for their support and dedication, which are crucial for the Group's ongoing development[17]. - The Group maintains stringent corporate governance to leverage competitive advantages and create greater value for shareholders, employees, and society[130]. - The Board acknowledges ongoing challenges in the Coal Mining Business, including rising competition from renewable energies and tightening government regulations[129]. - The Group has implemented measures to mitigate various principal risks, including credit risk, price risk, exchange rate risk, environmental risks, people risk, and legal and regulatory risk[117][118]. - The Board has confirmed the independence of all three independent non-executive Directors as required under the Listing Rules[190]. Business Strategy and Opportunities - The Group is exploring agro-related business opportunities in Cambodia while streamlining its existing IT-related business due to challenging competition[16]. - The Group aims to build on its accomplishments in 2022 to achieve better development across its diverse portfolio[17]. - The Group is exploring business opportunities related to cassava-based agricultural and deep processing in Cambodia[54][57]. - The Group aims to enhance the performance of core businesses steadily and seize investment opportunities prudently to generate favorable returns for shareholders[130]. Risks and Challenges - The company faces business and operational risks due to structural reforms in the coal supply side, requiring compliance with stringent safety and environmental regulations[110]. - Economic risks are present due to macroeconomic changes and policies in Mainland China, impacting the mining operations[110]. - Liquidity risk is a concern, with the company monitoring cash levels to meet financial obligations as they fall due[110]. Employee and Operational Information - The total staff costs, including Directors' emoluments, for the year ended December 31, 2022, amounted to approximately HK$150,717,000, an increase from approximately HK$114,091,000 in 2021[180]. - The group employed approximately 1,122 full-time employees in Hong Kong and PRC as of December 31, 2022[179]. Compliance and Legal Matters - The Group maintains compliance with all relevant laws and regulations, focusing on environmental and social responsibilities to ensure sustainable development[60][62]. - The company is applying for a waiver from strict compliance with the theoretical dilution effect restriction under Rule 7.27B of the Listing Rules[107]. - The company is in discussions for a proposed restructuring involving a potential offeror and other investors, which includes the sale of 94,292,961 shares held by China Energy (Hong Kong) Holdings Limited[101].