智通财经APP讯，绿心集团(00094)发布公告，于2025年8月4日(星期一)下午四时正(即配售代理配售未获 认购供股股份的最后时限)，合共2.05亿股未获认购供股股份(占发售股份总数约22.1%)已成功根据配售 事项按配售价每股0.0363港元(相等于认购价)配售予六名承配人。因此，概无根据补偿安排可分派予不 行动股东及不合资格股东的净收益。 ...

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的內容概不負責， 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 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成任何收購、購買或認購本公司證券之邀請或要約。 GREENHEART GROUP LIMITED 綠心集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：94） 按於記錄日期每持有兩(2)股現有股份 獲發一(1)股供股股份之基準 以非包銷基準進行供股之結果 茲提述綠心集團有限公司（「本公司」）日期為二零二五年七月七日之供股章程（「供 股章程」）及本公司日期為二零二五年七月二十四日之公告（「該公告」），內容有關 （其中包括）供股。除另有指明外，本公告所用詞彙與供股章程所界定者具有相同 涵義。 供股結果及補償安排 誠如該公告所披露，於二零二五年七月二十一日（星期一）下午四時正（即接納供 股股份之最後時限），已接獲合共17份有效申請，涉及合共722,392,888股供股股份， 相當於發售股份總數約77.9%。 因此，供股認購不足額為205,102,640股供股股份，相當於發售股份總 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 I. 法定/註冊股本變動 | | | 致：香港交易及結算所有限公司 公司名稱: 綠心集團有限公司 第 1 頁 共 10 頁 v 1.1.1 呈交日期: 2025年8月4日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00094 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 15,000,000,000 | | HKD | | 0.01 | HKD | | 150,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.01 | HKD | | 150,000,000 | 本月 ...

Financial Performance - The company recorded total revenue of HKD 51,872,000 for the year ended December 31, 2024, a decrease of 43.0% compared to the previous year[8]. - Net loss increased to HKD 173,249,000, primarily due to fair value losses on forestry assets in New Zealand and impairment of forestry concessions in Suriname[8]. - Revenue from the New Zealand segment decreased by 39.8% to HKD 39,220,000, attributed to a significant reduction in sales volume as a major plantation asset entered a regrowth phase[17]. - The average export sales price based on offshore pricing decreased by 14.9%, while sales volume dropped by 39.4% in the New Zealand segment[17]. - The Suriname segment's revenue decreased by 50.9% to HKD 12,652,000, with a 49.0% drop in sales of logs and wood products due to the termination of operations in the western region[18]. - The group's gross loss decreased by 35.2% to HKD 58,612,000, with the New Zealand segment reporting a gross profit of HKD 4,477,000, up from HKD 1,314,000 in 2023, while the Suriname segment's gross loss reduced to HKD 63,089,000 from HKD 91,757,000[19]. - The group's loss before interest, tax, depreciation, and amortization increased from HKD 110,168,000 in 2023 to HKD 147,247,000 in 2024, with significant losses reported in both New Zealand and Suriname segments[31]. - The attributable loss to the company's owners increased from HKD 93,075,000 in 2023 to HKD 139,238,000 in 2024[33]. - Total assets decreased to HKD 609,514,000 in 2024 from HKD 799,301,000 in 2023, a decline of 24%[154]. - Total liabilities slightly increased to HKD (519,296,000) in 2024 from HKD (512,247,000) in 2023[154]. - The annual loss for 2024 was HKD (173,249,000), compared to a loss of HKD (139,674,000) in 2023, representing a 24% increase in losses[154]. Operational Changes - The company plans to explore funding options, including converting non-current assets into working capital to address financial pressures[11]. - The company aims to focus on acquiring short-term logging rights to secure a more stable revenue source in the future[11]. - The company is actively implementing cost-cutting measures and reassessing the feasibility of loss-making businesses to improve financial sustainability[40]. - The company has not engaged in any significant business acquisitions or disposals during the year ended December 31, 2024[43]. - The company has a strategic focus on transforming its Suriname operations to profitability and expanding its business in New Zealand[59]. Governance and Management - The company has appointed Mr. Li Guoheng and Ms. Sun Songxin as non-executive directors, enhancing its board with experienced professionals in strategic investment and marketing[52][53]. - Mr. Huang Wenzong serves as the chairman of both the audit and remuneration committees, bringing over 30 years of experience in auditing, taxation, and corporate governance[54][55]. - The board emphasizes high corporate governance standards, adhering to the applicable corporate governance code provisions throughout the year, with a noted exception regarding the rotation of directors[61]. - The management team includes Mr. Lai Guohong, who oversees overseas operations, and Mr. Chen Junhao, the financial director, both bringing extensive industry experience[59]. - The board regularly reviews and enhances corporate governance practices in response to global trends and business environments[61]. - The company has maintained transparency and disclosure to strengthen stakeholder confidence and protect their interests[61]. - The independent non-executive directors contribute diverse backgrounds and expertise, enhancing the board's effectiveness in governance and oversight[54][56][57]. - The company is committed to high standards of corporate governance, which is crucial for the stability and continuity of its management team[61]. Environmental and Social Responsibility - The company integrates sustainable development principles into its core business strategy, focusing on protecting forests and creating long-term economic value for shareholders[68]. - The management closely monitors greenhouse gas emissions and energy consumption, ensuring compliance with environmental regulations[70]. - The company prohibits child labor and forced labor in its recruitment process, ensuring a safe working environment with personal protective equipment for all workers[70]. - The company actively participates in community engagement, supporting underprivileged communities and promoting green living initiatives[70]. - The company emphasizes environmental responsibility and has implemented measures to reduce operational impact on the environment[146]. Financial Management - The group's capital debt ratio increased to 72.9% as of December 31, 2024, compared to 53.4% in 2023, indicating a rise in leverage[35]. - The group’s capital expenditure for the year ended December 31, 2024, was approximately HKD 1,187,000, compared to HKD 1,150,000 in 2023[42]. - The company has a financing agreement with Silver Mount Group Limited, providing a revolving loan facility of up to HKD 215,000,000[174]. - As of December 31, 2024, a total of HKD 394,077,000 has been drawn from the financing, with related interest accrued amounting to HKD 22,588,000 for the year[177]. - The sixth supplemental financing agreement was signed on July 14, 2023, extending the repayment date to August 4, 2026[177]. Risk Management - The company faces various risks including interest rate risk, foreign currency risk, credit risk, and liquidity risk, which could impact its financial performance[145]. - The board is responsible for maintaining a sound and effective risk management and internal control system, with a clear management structure in place[118]. - The internal control framework is based on the COSO framework, covering five key areas: control environment, risk assessment, control activities, information and communication, and monitoring activities[120]. - The company has integrated risk management functions into its business operations, with department heads identifying potential risks during daily operations[121]. - The company's risk management and internal control systems are deemed effective for the year, with sufficient qualified personnel in the accounting and financial reporting team[123]. Shareholder Communication and Dividends - The company has adopted a shareholder communication policy to maintain ongoing dialogue with shareholders and the investment community[136]. - The company did not recommend any dividend payment for the current year, consistent with the previous year where no dividend was declared[151]. - The company maintains a sustainable dividend policy aimed at balancing shareholder expectations and prudent capital management[140]. - The board considers various factors when deciding on dividends, including financial performance, liquidity, and regulatory restrictions[141]. - The board is committed to reviewing the dividend policy regularly and retains the discretion to update or modify it as necessary[140].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 51,872,000, a decrease of 43% compared to HKD 90,982,000 in 2023[2] - The net loss for the year was HKD 173,249,000, compared to a net loss of HKD 139,674,000 in 2023, representing an increase in losses of approximately 24%[2] - Total comprehensive expenses for the year amounted to HKD 196,836,000, up from HKD 133,758,000 in 2023, indicating a 47% increase[3] - Basic loss per share for the year was HKD 0.075, compared to HKD 0.050 in 2023, indicating a worsening in per-share performance[3] - The adjusted EBITDA for the Suriname segment was a loss of HKD 19,315,000, while New Zealand reported a profit of HKD 628,000, leading to a total adjusted EBITDA loss of HKD 18,687,000[24] - The group’s EBITDA loss increased from HKD 110,168,000 for the year ended December 31, 2023, to HKD 147,247,000 for the year ended December 31, 2024[69] Revenue Breakdown - Revenue from the sale of logs and timber products is HKD 44,010,000, down from HKD 80,050,000 in the previous year, representing a decline of 45%[11] - Customer contract revenue totals HKD 49,370,000 for 2024, compared to HKD 85,108,000 in 2023, indicating a 42% decrease[11] - Revenue from subcontracting fees is HKD 2,502,000 for 2024, down from HKD 5,874,000 in 2023, reflecting a 57% decrease[14] - The revenue from New Zealand customers is HKD 39,220,000 for 2024, while the revenue from Suriname customers is HKD 12,652,000[13] - Total revenue from external operations for the year ended December 31, 2024, was HKD 51,872,000, compared to HKD 51,872,000 in 2023, indicating no growth[24] - Total revenue decreased by 43.0% to HKD 51,872,000, with revenue from New Zealand and Suriname divisions at HKD 39,220,000 and HKD 12,652,000 respectively, reflecting a decline of 39.8% and 50.9%[57][58] Asset and Liability Changes - Non-current assets decreased to HKD 564,586,000 from HKD 706,156,000, reflecting a decline of approximately 20%[4] - Current assets decreased significantly to HKD 44,928,000 from HKD 93,145,000, a reduction of about 52%[4] - Total liabilities increased to HKD 481,801,000 from HKD 460,361,000, showing a rise of approximately 5%[5] - The company's equity attributable to owners decreased to HKD 90,218,000 from HKD 287,054,000, a decline of about 69%[5] - As of December 31, 2024, the group's current assets and current liabilities were HKD 44,928,000 and HKD 37,495,000, respectively, compared to HKD 93,145,000 and HKD 51,886,000 as of December 31, 2023[71] - The total liabilities for the group were HKD 519,296,000, with Suriname's liabilities at HKD 232,182,000 and New Zealand's at HKD 266,841,000[24] Operational Challenges - The group incurred a fair value loss of HKD 65,847,000 on plantation assets, impacting overall profitability[24] - The New Zealand division experienced a significant decline in sales volume, leading to a fair value loss of HKD 65,847,000 on its artificial forest assets[50] - The company recognized an impairment of HKD 48,275,000 related to forest concessions and logging rights in Suriname, indicating worsening market conditions and rising operational costs[52] - The group is actively implementing cost-cutting measures and reassessing the feasibility of loss-making operations in Suriname to improve financial sustainability[77] Future Plans and Strategies - The company plans to explore funding options, including converting non-current assets into working capital, focusing on acquiring short-term logging rights to stabilize future revenue[53] - The company aims to enhance financial flexibility and optimize resource allocation to ensure long-term sustainability and shareholder value creation[53] - The company will continue to maintain operational efficiency and financial discipline while exploring strategic opportunities despite challenging market conditions[54] - The group plans to evaluate market conditions and explore additional funding methods, including the potential sale of non-current assets, to address ongoing financial challenges[78] Employee and Governance Information - The total number of employees as of December 31, 2024, is 125, down from 143 in 2023, with employee costs amounting to approximately HKD 30,660,000, compared to HKD 34,547,000 in 2023[87] - The company has complied with all applicable corporate governance code provisions throughout the year ending December 31, 2024, with one exception regarding the rotation of directors[90] - The company has adopted a code of conduct for directors regarding securities trading, which is not less stringent than the standard code[92] Miscellaneous - The company has applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements[7] - The company has adopted a stock option plan approved by shareholders on May 24, 2022, which is valid for ten years until May 23, 2032, with no options granted or exercised as of December 31, 2024[85] - The audit committee has reviewed and discussed the audited consolidated financial statements for the year ending December 31, 2024, confirming they are prepared in accordance with applicable accounting standards[88] - The company expresses gratitude to shareholders, customers, and suppliers for their support and acknowledges the efforts of management and employees[95]

Financial Performance - The company's revenue decreased significantly from HKD 164,305,000 in 2022 to HKD 90,982,000 in 2023, primarily due to a decline in New Zealand operations[9]. - Revenue from the New Zealand division dropped by 50.9%, with sales volume decreasing by 52.5%[10]. - The Suriname division's revenue decreased by 18.2%, leading to an adjusted EBITDA loss of HKD 15,192,000 in 2023 compared to a loss of HKD 8,913,000 in 2022[13]. - The company recorded a net loss of HKD 139,674,000 for the year ending December 31, 2023, compared to a net loss of HKD 97,746,000 in 2022[20]. - Total revenue decreased by 44.6% to HKD 90,982,000, with contributions from New Zealand and Suriname segments at HKD 65,200,000 and HKD 25,782,000 respectively[21]. - Gross loss increased by 84.9% to HKD 90,443,000, with Suriname segment gross loss rising significantly to HKD 91,757,000 from HKD 39,512,000[22]. - The attributable loss to the company's owners increased from HKD 68,152,000 to HKD 93,075,000 for the year[39]. - The annual loss for 2023 was HKD (139,674,000), worsening from a loss of HKD (97,746,000) in 2022[196]. - Total assets decreased to HKD 799,301,000 in 2023 from HKD 968,017,000 in 2022, representing a decline of 17.5%[196]. - Total liabilities decreased to HKD (512,247,000) in 2023 from HKD (547,205,000) in 2022, a reduction of 6.4%[196]. - The company reported a loss attributable to equity holders of HKD (93,075,000) in 2023, compared to a loss of HKD (68,152,000) in 2022[196]. Operational Challenges - The Suriname division faced significant challenges, including increased production costs and delays in government licensing, impacting operational risks[17]. - The group is facing operational challenges in Suriname due to external factors such as extreme weather, rising fuel costs, and government uncertainties, which have increased operational risks[49]. - The group has adjusted production levels in Suriname to control costs and manage inventory, focusing on improving operational efficiency[49]. - The company anticipates potential risks in 2024 due to geopolitical instability and a projected 30% to 60% decline in China's real estate investment over the next decade[14]. Cost Management - The company aims to focus on improving operational efficiency and prudent financial management in light of ongoing challenges[17]. - Administrative expenses decreased by 4.9% or HKD 2,370,000 due to reduced depreciation from completed logging activities[32]. - Sales and distribution costs decreased by 44.7% or HKD 11,816,000, mainly due to reduced sales volume and currency depreciation[31]. - Financing costs rose by 39.2% or HKD 6,698,000 due to generally higher interest rates affecting floating-rate bank loans[33]. Sustainability and Corporate Governance - The company has integrated sustainable development principles into its core business strategy, focusing on protecting forests and creating long-term economic value for shareholders[86]. - The management closely monitors greenhouse gas emissions and energy consumption, ensuring compliance with environmental regulations in operational areas[88]. - The company has adopted a sustainable forestry operation model, ensuring that only trees of a certain age are harvested and reforestation occurs within twelve months post-harvest[85]. - The company has a commitment to high corporate governance standards, enhancing transparency and stakeholder confidence[79]. - The company actively participates in community engagement, supporting green living initiatives and providing knowledge to local tribes[88]. - The company has established a whistleblowing policy and anti-corruption measures to maintain high ethical standards in its business culture[88]. - The company emphasizes employee safety and prohibits child labor and forced labor in its operations[88]. - The company aims to create and enhance long-term returns for shareholders while fulfilling corporate social responsibilities[80]. Board and Management Structure - The board consists of eight members, including one executive director and seven non-executive directors, ensuring a strong independent element in decision-making[90]. - The management team includes experienced professionals with extensive backgrounds in finance, accounting, and corporate governance, enhancing the company's strategic direction[63][64][66][67][70][73]. - The chairman and CEO roles are separated, with Mr. Zheng Zhiqian as chairman and Mr. Ding Weiquan as CEO, ensuring clear division of responsibilities[95]. - The board consists of three independent non-executive directors, with independent directors accounting for over one-third of the board, complying with listing rules[91]. - The board held four meetings in 2023, with an overall attendance rate of approximately 97.9%[98]. - The company appointed a new non-executive director, Ms. Sun Songxin, after the annual general meeting on May 31, 2023[96]. - The audit, nomination, and remuneration committees are chaired by non-executive directors and have been granted sufficient resources to fulfill their duties[91]. Risk Management - The board is responsible for maintaining an effective risk management and internal control system, with a clear management structure in place[150]. - The internal control framework is based on the COSO framework, covering monitoring environment, risk assessment, control activities, information and communication, and monitoring activities[153]. - The company has integrated risk management functions into its business operations, with department heads identifying potential risks in daily operations[154]. - The external auditor did not identify any significant internal control weaknesses during the 2023 audit[156]. - The audit committee has received reports on internal control and risk management for the year, which were considered when recommending the board to approve the group's interim and annual performance[157]. Shareholder Communication and Dividends - The company has adopted a shareholder communication policy to maintain ongoing dialogue with shareholders and the investment community[173]. - The company did not recommend any dividend payment for the current year, consistent with the previous year where no dividend was declared[193]. - The board of directors retains the discretion to declare interim and final dividends, subject to shareholder approval at the general meeting[177]. - The company emphasizes a sustainable dividend policy, balancing shareholder expectations with prudent capital management[179]. - The board considers multiple factors when deciding on dividends, including financial performance, retained earnings, and regulatory restrictions[180]. Employee Relations - As of December 31, 2023, the total number of employees in the group was 143, down from 152 in 2022, with employee costs amounting to approximately HKD 34,547,000, an increase from HKD 33,361,000 in 2022[60]. - The company has a compensation policy that includes salaries and discretionary bonuses based on group performance and individual contributions[60]. - The company encourages gender diversity across all departments, with at least one female in management positions in major departments[110].

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 90,982,000, a decrease of 44.6% compared to HKD 164,305,000 in 2022[2] - The gross loss for the year was HKD 90,443,000, compared to a gross loss of HKD 48,914,000 in the previous year, representing an increase of 84.8%[2] - The net loss for the year was HKD 139,674,000, which is a 42.7% increase from the net loss of HKD 97,746,000 in 2022[2] - The total comprehensive loss for the year attributable to owners of the company was HKD 87,159,000, compared to HKD 66,274,000 in 2022, reflecting a 31.5% increase[3] - The group reported a total loss before tax of HKD 184,058,000 for the year ended December 31, 2023, compared to a loss of HKD 116,808,000 in 2022, representing an increase in losses of 57.5%[29] - The group reported a pre-tax loss of HKD 93,075,000 for the year ended December 31, 2023, compared to a loss of HKD 68,152,000 in 2022[47] - The company recorded an EBITDA loss of HKD 110,168,000 for the year, compared to an EBITDA profit of HKD 7,148,000 in 2022[92] - The loss attributable to the company's owners increased from HKD 68,152,000 in 2022 to HKD 93,075,000 for the year ended December 31, 2023[95] Revenue Breakdown - Revenue from the sale of logs and timber products was HKD 80,050,000, down 48.5% from HKD 155,201,000 in the previous year[14] - Customer contract revenue totaled HKD 85,108,000, a decline of 47.1% compared to HKD 160,639,000 in 2022[14] - Total revenue from leases increased to HKD 5,874,000 in 2023, up from HKD 3,666,000 in 2022, representing a growth of 60.3%[22] - External segment revenue for Suriname was HKD 25,782,000 and for New Zealand was HKD 65,200,000, totaling HKD 90,982,000 for the year ended December 31, 2023[29] - The New Zealand division's revenue dropped by 50.9%, primarily due to reduced demand and a 52.5% decrease in sales volume[66] - The Suriname division experienced an 18.2% decrease in revenue, attributed to lower sales volumes of logs and lumber products[67] - Total revenue decreased by 44.6% to HKD 90,982,000, with contributions from the New Zealand and Suriname divisions of HKD 65,200,000 and HKD 25,782,000 respectively[78] - Revenue from the New Zealand division decreased by 50.9% or HKD 67,577,000, primarily due to a decline in demand from China and reduced supply from owned plantations[78] Assets and Liabilities - The company's total assets decreased to HKD 799,301,000 from HKD 968,017,000 in 2022, a decline of 17.5%[5] - The company's cash and cash equivalents decreased to HKD 47,714,000 from HKD 71,681,000, a reduction of 33.5%[5] - The total liabilities decreased to HKD 512,247,000 from HKD 547,205,000, a decrease of 6.4%[6] - The company's equity attributable to owners decreased to HKD 764,046,000 from HKD 851,205,000, a decline of 10.2%[6] - The group's outstanding borrowings as of December 31, 2023, amounted to HKD 202,512,000 from the direct holding company, HKD 166,948,000 from a subsidiary, HKD 24,644,000 in bank loans, and HKD 14,068,000 in lease liabilities, resulting in a capital debt ratio of 53.4%[97] Operational Challenges - The Suriname operations faced various external challenges, including extreme weather, pandemic lockdowns, rising fuel and transport costs, and social unrest due to economic inflation, increasing operational risks[101] - The company is closely monitoring the impact of geopolitical instability and economic recession risks on supply chain costs for 2024[70] - The International Monetary Fund predicts a 30% to 60% decline in investment in China's residential real estate projects over the next decade, which may affect demand for New Zealand radiata pine[70] - The group is currently in a low harvesting period for most of its radiata pine plantations in New Zealand, requiring ongoing cash support until the plantations mature over the next ten years[100] Employee and Operational Costs - The group’s employee benefits expenses increased to HKD 34,547,000 in 2023 from HKD 33,361,000 in 2022[43] - Financing costs rose to HKD 23,806,000 in 2023 from HKD 17,108,000 in 2022, with interest from loans from a related company increasing significantly from HKD 7,467,000 to HKD 12,780,000[42] - The group incurred capital expenditures of approximately HKD 1,150,000 for investments in properties, plants, and equipment for the year ended December 31, 2023, compared to HKD 9,298,000 in 2022[108] Dividends and Share Options - The group did not declare or recommend any dividends for both years under review[45] - No final dividend was recommended for the year ended December 31, 2023, consistent with the previous year[107] - The maximum number of share options available under the share option scheme adopted on May 24, 2022, is 185,499,105 shares, representing approximately 10.0% of the company's issued share capital[112] Compliance and Governance - The company has complied with all applicable corporate governance code provisions throughout the year ended December 31, 2023, with minor deviations noted[117] - The group has not purchased, sold, or redeemed any of its listed securities during the year ended December 31, 2023[120] - The company acknowledges the inherent risks and uncertainties in forward-looking statements regarding its financial condition and operational performance[121]

Financial Performance - Total revenue for the first half of 2023 decreased by 46.7% to HKD 50,733,000 compared to the same period last year[7]. - Net loss for the period slightly decreased to HKD 50,418,000 from HKD 63,511,000 in the previous year[7]. - Revenue from the New Zealand division fell by 45.4% to HKD 40,956,000, primarily due to a 45.0% drop in sales volume[16]. - Revenue from the Suriname division decreased by 51.2% to HKD 9,777,000, attributed to a gradual recovery in logging activities post-national flooding[16]. - The group recorded a gross loss of HKD 6,664,000 for the period, compared to HKD 5,148,000 in 2022, with a gross loss margin of 13.1% (2022: 5.4%)[18]. - The total comprehensive loss for the period was HKD 56,710,000, down from HKD 78,217,000 in the prior year[45]. - The company reported a net loss of HKD 50,418,000 for the six months ended June 30, 2023, compared to a net loss of HKD 63,511,000 for the same period in 2022[44]. - The group reported a total loss before tax of HKD 54,068,000 for the six months ended June 30, 2023, compared to a loss of HKD 72,632,000 in the same period of 2022[96]. - The group reported a pre-tax loss of HKD 41,254,000 for the six months ended June 30, 2023, compared to a loss of HKD 51,411,000 for the same period in 2022, representing a 19.8% improvement[107]. Revenue Sources - Revenue from forest management services decreased by HKD 737,000 to HKD 2,531,000 due to reduced logging activities[16]. - Revenue from the sale of logs and timber products was HKD 45,151,000, down 50.0% from HKD 90,251,000 in the previous year[72]. - Customer contract revenue totaled HKD 47,682,000, a decline of 49.1% from HKD 93,519,000 in the same period last year[72]. - Revenue from external customers was primarily derived from New Zealand and Suriname, with total revenue from these regions amounting to HKD 50,733,000[80]. - Revenue from New Zealand customers accounted for HKD 40,956,000, while revenue from Suriname customers was HKD 6,726,000 for the six months ended June 30, 2023[73]. Operational Efficiency - The company aims to improve operational efficiency and maintain prudent financial management in the current uncertain market environment[11]. - The company plans to diversify sales to markets like South Korea and India due to ongoing economic challenges in China[11]. - A new logging operation in western Suriname is expected to generate additional revenue starting June 2023[11]. - The company plans to continue monitoring market conditions and adjust its strategies accordingly to enhance performance in the upcoming periods[76]. Expenses and Costs - Selling and distribution costs decreased by 48.6% or HKD 7,181,000, mainly due to reduced sales volume and the depreciation of the New Zealand dollar[24]. - Administrative expenses decreased by 19.2% or HKD 5,130,000, primarily due to reduced depreciation from completed logging activities[25]. - Financing costs increased by 54.7% or HKD 3,998,000, mainly due to rising interest rates affecting bank loans[26]. - The group’s financing costs amounted to HKD 11,310,000 for the six months ended June 30, 2023, compared to HKD 7,312,000 in the same period of 2022[96]. Assets and Liabilities - As of June 30, 2023, the group’s current assets and liabilities were HKD 122,948,000 and HKD 66,411,000 respectively, with a debt-to-equity ratio of 50.6%[32]. - The total assets as of June 30, 2023, were approximately HKD 790,428,000, down from HKD 828,844,000 as of December 31, 2022[47]. - The company's net asset value decreased to HKD 364,102,000 as of June 30, 2023, from HKD 420,812,000 as of December 31, 2022[51]. - The group’s financial liabilities increased to HKD 422,001,000 as of June 30, 2023, up by 2.1% from HKD 411,142,000 as of December 31, 2022[142]. Employee and Management Information - Employee costs for the six-month period were approximately HKD 18,157,000, an increase from HKD 17,051,000 in the previous year[42]. - The total number of employees as of June 30, 2023, was 145, down from 152 as of December 31, 2022[42]. - The total remuneration for key management personnel was HKD 7,910,000 for the six months ended June 30, 2023, an increase of 50.5% from HKD 5,271,000 in the prior year[152]. Shareholder Information - Newforest Limited holds a significant stake of 1,122,005,927 shares, representing approximately 60.49% of the company's issued share capital[161]. - Cheng Yu Tung Family entities collectively own 1,122,005,927 shares, also accounting for about 60.49% of the issued share capital[161]. - China Forestry Group Company holds 110,000,000 shares, which is approximately 5.93% of the company's issued share capital[163]. Corporate Governance - The board approved the interim financial statements on August 30, 2023, ensuring timely reporting and compliance[155]. - The audit committee reviewed and confirmed that the interim financial statements were prepared in accordance with applicable accounting standards and fairly reflect the group's financial position and performance[170]. - The company has maintained compliance with all applicable corporate governance code provisions, with one noted deviation regarding the rotation of directors[171]. Market Outlook - The outlook for the New Zealand division indicates potential price support due to reduced supply of logs to China, while the Suriname division aims for gradual improvement despite ongoing supply chain challenges[35].

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的內容概不負責， 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 何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 GREENHEART GROUP LIMITED 綠 心 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：94） 截至二零二三年六月三十日止六個月之 中期業績公告 綠心集團有限公司（「綠心」或「本公司」）之董事（「董事」）會（「董事會」）謹此公佈 本公司及其附屬公司（「本集團」）截至二零二三年六月三十日止六個月（「本期間」） 之未經審核綜合業績，連同二零二二年同期比較數字如下： 簡明綜合損益及其他全面收益表 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 收益 4 50,733 95,107 銷售及服務成本 (57,397) (100,255) 毛損 (6,664) (5,148) ...

Financial Performance - The company reported a significant net loss of HKD 97,746,000 for the year 2022, compared to a loss of HKD 59,231,000 in 2021, marking an increase in losses [10]. - The group's revenue decreased by 48.7% or HKD 156,216,000 to HKD 164,305,000, with contributions from New Zealand and Suriname divisions at HKD 132,777,000 and HKD 31,528,000 respectively [21]. - The company's revenue for the fiscal year 2022 was HKD 164,305,000, a decrease of 48.7% compared to HKD 320,521,000 in 2021 [183]. - The annual loss for 2022 was HKD 97,746,000, compared to a loss of HKD 59,231,000 in 2021, indicating a worsening financial performance [183]. - The equity attributable to the company's owners showed a loss of HKD 68,152,000 in 2022, worsening from a loss of HKD 36,938,000 in 2021 [183]. - The group's gross loss for the year was HKD 47,972,000, compared to a gross profit of HKD 27,677,000 in the previous year, with the New Zealand division recording a gross loss of HKD 9,402,000 [23]. - The gross loss margin for the year was 29.2%, significantly down from a gross profit margin of 8.6% in the previous year [26]. - The group's EBITDA before interest, tax, depreciation, and amortization dropped by 90.8% to HKD 7,148,000, down from HKD 77,473,000 in the previous year [42]. Revenue and Sales - Revenue from the New Zealand division decreased by 53.2%, primarily due to a 19.4% drop in average export sales prices calculated at offshore prices [10]. - Sales volume in New Zealand fell to 192,000 cubic meters, which is 56.6% lower than the previous year's sales [10]. - In Suriname, revenue decreased by 14.2%, reflecting a slight decline in sales volume despite strong demand for tropical hardwood products [11]. - The New Zealand division's revenue fell by 53.2% or HKD 150,981,000 due to a weak Chinese real estate market, leading to a 19.4% drop in average selling prices and a 43.4% decrease in sales volume [21]. - Sales from the top five customers accounted for 76.0% of total revenue, with the largest customer contributing 64.4% [196]. Operational Efficiency and Cost Management - The company is focused on improving operational efficiency and reducing costs in Suriname through outsourcing, while maintaining stable revenue [14]. - The adjusted EBITDA loss for the Suriname division decreased by 28.9% to HKD 8,913,000 [12]. - Other income decreased by 13.0% or HKD 198,000, primarily due to the repayment of financing lease receivables, partially offset by a one-off COVID-19 related subsidy from the Hong Kong government [28]. - The company has reported a decrease in operational costs by J%, enhancing overall profitability [64]. Investments and Future Plans - The company plans to explore and invest in carbon farming opportunities in New Zealand, aiming to create sustainable revenue sources and contribute to climate change mitigation [14]. - The group has expanded its deep processing facilities in Paramaribo, Suriname, to convert rough-cut timber into higher-value planed timber, with stable production expected in 2023 [51]. - Capital expenditures for investments in properties, plants, and equipment amounted to approximately HKD 9,298,000 for the year [54]. Governance and Board Structure - The board consists of eight members, including one executive director and seven non-executive directors, ensuring a strong independent element in decision-making [90]. - The company’s independent non-executive directors have confirmed their independence in accordance with listing rules [91]. - The board comprises one executive director, four non-executive directors, and three independent non-executive directors, with independent directors making up 37.5% of the board, exceeding the requirement of one-third [109]. - The company has established appropriate liability insurance for directors and senior officers in response to legal proceedings [92]. - The board will consider various factors, including actual and expected business operations, financial performance, and liquidity when deciding on dividend payments [192]. Environmental and Social Responsibility - The company has integrated sustainable development principles into its core business strategy, focusing on protecting forests and creating long-term economic value for shareholders [87]. - The management closely monitors greenhouse gas emissions and energy consumption, ensuring compliance with environmental regulations in operational areas [89]. - The company has implemented a reforestation policy, ensuring that land is replanted within twelve months after logging [89]. - The company actively participates in promoting green living and supports disadvantaged communities through donations and knowledge sharing [89]. Risk Management and Internal Control - The company has adopted an anti-corruption policy and encourages reporting of misconduct without fear of retaliation, reinforcing the effectiveness of its internal control and risk management systems [152]. - The audit committee reviewed the internal control and risk management reports annually and considers them when recommending the approval of the company's interim and annual results [152]. - The company's risk management and internal control systems are deemed effective, with sufficient qualified personnel in the accounting and financial reporting team [152]. Shareholder Communication - The company has adopted a shareholder communication policy to ensure ongoing dialogue with shareholders and the investment community [168]. - Shareholders holding at least 10% of the voting shares can request the company to convene a special general meeting [158]. - The company allows shareholders to submit written inquiries to the board via mail, fax, or email [164].