Financial Performance - The total income of the Group decreased by approximately HK$22,461,000 to approximately HK$798,962,000, representing a slight decrease of 2.7% compared to the previous year[9]. - The operating income of the wellness and elderly care business increased by approximately HK$45,417,000 compared to the previous year[9]. - The financial leasing business's operating income increased by approximately HK$15,389,000, focusing on domestic environmental protection sectors[9]. - The civil explosives business experienced a decrease in operating income of approximately HK$70,882,000 due to reduced market demand and increased competition[9]. - The comprehensive results from continuing operations turned from loss to profit, increasing by approximately HK$105,884,000, representing a substantial increase of approximately 455.4%[10]. - The net profit of the Group was approximately HK$123,999,000 after accounting for other factors, reflecting a decrease of HK$31,937,000[10]. - The financial leasing segment's operating income increased by approximately 4.4% to approximately HK$368,025,000, with 68.5% contributed by clients in the environmental industry[23]. - The civil explosives business experienced a decline in operating income by 26.7% to approximately HK$194,868,000, and operating profit decreased by 33.1% to approximately HK$25,925,000[26]. - For the year ended December 31, 2024, the Group's total revenue decreased by 26.7% to approximately HK$194,868,000, and operating profit fell by 33.1% to approximately HK$25,925,000[28]. - The profit contribution from the discontinued industrial park and property development business decreased by approximately HK$137,821,000 to approximately HK$41,366,000, representing a decline of 76.9% compared to the previous year[29]. - Total rental income from properties decreased by approximately 20.5% to approximately HK$7,647,000, with the occupancy rate of China Holdings Building dropping from approximately 92.40% to approximately 80.0%[30]. - The hotel business reported a turnover of HK$11,440,000, a decrease of approximately 23.7% or HK$3,558,000 compared to last year, while profit increased by 420.8% to HK$5,562,000[31]. - Changhai Power Plant recorded a profit of approximately HK$135,875,000, contributing approximately HK$40,335,000 to the Group, representing a decrease of 21.5% compared to the previous year[32]. Elderly Care Business - The Group added 700 elderly care beds in October 2024, bringing the total to 3,425 beds, an increase of approximately 26.5% year-on-year[14]. - The occupancy rate for elderly care beds was approximately 61.1%, increasing to about 76.8% when excluding the newly added beds[14]. - The Group has 500 elderly care beds under construction, which will increase the total to 3,925 beds upon completion, making it the enterprise with the largest number of operational beds in Foshan[14]. - The Group has 455 medical nursing beds with an occupancy rate as high as 74.2%[14]. - The wellness and elderly care business segment recorded operating income of approximately HK$202,858,000 for the year ended December 31, 2024, representing a continuous increase of 28.8% compared to the previous year[15]. - The elderly care business turned profitable, achieving an operating profit of approximately HK$9,577,000, which is an increase of 188.2% year-on-year[15]. - The total number of elderly care beds increased to 3,425, a year-on-year increase of approximately 26.5%, with an occupancy rate of about 61.1%[16]. - The company is actively promoting the construction of integrated medical and elderly care facilities and has launched several new departments focusing on geriatric medicine and rehabilitation[15]. - The company has successfully secured inclusion in the "Guangdong Residential Care Service Scheme" to enhance elderly care services for seniors from Hong Kong and Macau[44]. - The company is actively pursuing investments in institutional elderly care business in Hong Kong to facilitate relocation services for seniors from Hong Kong and Macau[44]. - The company aims to expand its elderly care facilities to reach 5,000 beds by the end of 2025, with ongoing negotiations for multiple prospective projects[44]. Corporate Governance - The company emphasizes the importance of corporate governance and has complied with all code provisions under the Corporate Governance Code for the year ended December 31, 2024[53]. - The board of directors comprises six members, including two executive directors and three independent non-executive directors, ensuring a diverse governance structure[59]. - The Board consists of six directors, including two executive directors, one non-executive director, and three independent non-executive directors[62]. - The Board convened nine meetings in 2024, with all directors achieving a 100% attendance rate[75]. - The chairman, Mr. He Xiangming, and the president, Mr. Fu Weiqiang, are responsible for leading the Board and managing the Group's operations, respectively[80]. - Independent non-executive directors provide diverse experience and ensure checks and balances to protect shareholders' interests[78]. - The Company has mechanisms in place for independent views, allowing directors to seek independent advice at the Company's expense when necessary[77]. - The Board is responsible for corporate governance and aims to increase shareholder value through strategic planning and oversight of management performance[66]. - Each director is required to retire at least once every three years, ensuring regular rotation and fresh perspectives[64]. - The Board reviews its governance policies and practices annually to ensure compliance with legal and regulatory requirements[76]. - The management is authorized to handle day-to-day operations, while the Board focuses on strategic direction and major decisions[66]. - The Company emphasizes the importance of training and continuous professional development for directors and senior management[71]. - The audit committee held four meetings in 2024, with all members achieving a 100% attendance rate[96]. - The audit committee reviewed the 2023 audited financial statements and the interim report for the six months ended June 30, 2024[100]. - The remuneration committee convened three meetings in 2024 to review remuneration plans for directors and senior management[102]. - The company has adopted the Model Code for Securities Transactions by Directors, confirming compliance by all directors for the year ended December 31, 2024[90]. - All newly appointed directors received necessary induction and training to understand the company's operations and their responsibilities[87]. - The company encourages continuous professional development for all directors, with participation recorded for the year ended December 31, 2024[88]. - The president is responsible for daily operations and implementing the Board's strategy, ensuring effective coordination among departments[86]. - The audit committee is composed of three independent non-executive directors with extensive experience in accounting, economics, or legal aspects[95]. - The chairman of the audit committee is responsible for reporting meeting results and recommendations to the Board after each meeting[95]. - The company has mechanisms in place to ensure independent opinions and advice are provided to the Board[82]. - The remuneration committee held three meetings during the year with a 100% attendance rate from all members[103]. - The remuneration policy is based on staff responsibilities, qualifications, and performance, ensuring no director determines their own remuneration[104][105]. - The nomination committee reviewed the Board structure and recommended re-election of retiring directors, with a 100% attendance rate in their meeting[111][113]. - As of December 31, 2024, the Board consists of five male members and one female member, with ongoing considerations for enhancing gender diversity[121]. - The Company has a total of 1,232 employees, with a female-to-male ratio of approximately 1.4:1, reflecting a commitment to gender diversity in hiring[122]. - The nomination committee confirmed that all independent non-executive directors comply with independence requirements as per Listing Rules[114]. - The Board Diversity Policy aims to maintain competitive advantage through increased diversity at the Board level[118]. - The nomination committee assessed the effectiveness of the Board Diversity Policy and found it appropriate and effective[120]. - The remuneration received by directors is detailed in the financial statements, ensuring transparency in compensation[105]. - The nomination committee will continue to review the need for achieving higher gender diversity within the Group annually[121]. - The Board has adopted a dividend policy without a predetermined payout ratio, considering factors such as expected financial performance and future expansion plans[123]. - As of December 31, 2024, the company has 1,232 employees, with a gender ratio of approximately 1.4:1 (719 females to 513 males)[125]. Risk Management and Compliance - The Group has implemented a risk management framework involving the Board, audit committee, and senior management to monitor and control risks[129]. - The Board conducts an annual review of the adequacy of resources and effectiveness of the Group's risk management and internal control systems[136]. - The company has adopted an anti-corruption policy and a whistleblowing policy to address potential improprieties[131]. - Internal audit functions are in place to assist the Board in monitoring risk management and internal control systems[132]. - The Group ensures that inside information is disclosed to the public as soon as practicable, maintaining confidentiality until full disclosure[137]. - The company secretary is Mr. Lo Tai On, who complies with relevant training requirements under the Listing Rules[138]. - The company has committed to maintaining effective ongoing dialogue with shareholders since adopting its communication policy in 2012[158]. - The Group complied with all relevant laws and regulations in Bermuda, mainland China, Hong Kong, and the British Virgin Islands during the year[187]. - There were no significant disputes with suppliers or customers reported during the year[185]. - The Group's financial risk management policies are outlined in Note 5 of the financial statements[173]. - The Group faces various risks including business, operational, and financial management risks[173]. - Events significantly affecting the Group since December 31, 2024, are noted in Note 44 of the financial statements[172]. - The Group's environmental, social, and governance report is available on pages 46 to 89 of the annual report[181]. - The Group is committed to environmental sustainability and compliance with environmental laws and regulations[186]. Company Changes and Communication - The company changed its name from "China Investments Holdings Limited" to "Hing Yip Holdings Limited" effective January 18, 2024[144]. - The stock short name changed to "HING YIP HLDGS" for trading purposes on February 9, 2024, while the stock code remains "00132"[146]. - The corporate website address changed to "http://hingyiphk.quamhkir.com" effective February 6, 2024[149]. - The audit fee for the year ended December 31, 2024, was approximately HK$1,040,000[151]. - The company has established a shareholders' communication policy to ensure timely and relevant information is provided to shareholders[152]. - Shareholders holding at least one-tenth of the paid-up capital can requisition a special general meeting[159]. - The company maintained communication with shareholders through annual and special general meetings held throughout 2024[154]. - The Company presented the annual report and audited financial statements for the year ended December 31, 2024[169]. - The Group's business review and future development discussions are detailed in the Chairman's Statement on pages 4 to 13 of the annual report[171]. - The Group's financial performance analysis with key performance indicators is included in the Chairman's Statement[172]. - The Group maintains good relationships with suppliers and customers, with no material disputes reported in 2024[180]. - The Group's property, plant, and equipment movements are detailed in Note 18 of the financial statements[190]. - The Company did not purchase, sell, or redeem any of its listed securities during the year[191][195]. - The directors of the Company include Mr. He Xiangming (Chairman) and Mr. Fu Weiqiang (President), with Mr. You Guang Wu retiring on 26 June 2024[194][199]. - The consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2024 is detailed on pages 100 to 101 of the annual report[183][188].

本报记者 冯雨瑶 4月2日晚间，重庆啤酒股份有限公司（以下简称"重庆啤酒"，600132）发布2024年度利润分配方案的公 告。 公告显示，截至2024年12月31日，公司母公司报表中期末未分配利润为9.96亿元。经董事会决议，公司 拟向全体股东每股派发现金红利0.90元（含税），合计分配现金红利4.36亿元（含税）。 本年度公司现金分红（包括中期已分配的现金红利）总额11.62亿元（含税），占本年度归属于上市公 司股东净利润的比例104.21%；占期末母公司报表中未分配利润的116.67%。 年报显示，2024年重庆啤酒公司全年实现营业收入146.45亿元，归属于上市公司股东的扣除非经常性损 益的净利润为12.22亿元。啤酒业务毛利率达49.71%。 2024年，公司全年啤酒销量达297.49万千升，实现了领先行业的稳健表现。其中，高档产品（8元及以 上）销量为145.72万千升，同比增长1.37%，占比提升至48.9%。为应对消费趋势变化，满足消费者多元 化需求，公司在非现饮渠道持续发力，罐装产品占比提升至26%，比2023年提升了3.5个百分点。 重庆啤酒拥有"本地品牌+国际品牌"的强大品牌组合。本地品 ...

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was HKD 798,962,000, a decrease of 2.8% from HKD 821,423,000 in 2023[3] - Gross profit increased to HKD 343,399,000, up 8.6% from HKD 316,097,000 in the previous year[3] - The net profit attributable to the company’s owners for the year was HKD 60,717,000, compared to HKD 26,930,000 in 2023, representing a significant increase[4] - Basic earnings per share for continuing and discontinued operations rose to HKD 3.55 cents, up from HKD 1.57 cents in the prior year[4] - The company reported a profit from continuing operations of HKD 82,633,000 for 2024, a significant recovery from a loss of HKD 23,251,000 in 2023[18] - The health and elderly care business reported a profit of HKD 9,577,000, a turnaround from a loss of HKD 10,854,000 in 2023[18] - The discontinued operations reported a profit of HKD 41,366,000 in 2024, down from HKD 179,187,000 in 2023[27] - Basic and diluted earnings per share for the year were based on a profit attributable to shareholders of HKD 60,717,000, compared to HKD 26,930,000 in 2023[31] Revenue Breakdown - Revenue from the health and elderly care business increased to HKD 202,858,000 in 2024, up 28.8% from HKD 157,441,000 in 2023[18] - Financing leasing business revenue rose to HKD 368,025,000, compared to HKD 352,636,000 in the previous year, reflecting a growth of 4.4%[18] - The revenue from the civil explosives business decreased by 26.7% to approximately HKD 194,868,000, with operating profit declining by 33.1% to about HKD 25,925,000[52] - The technology business's revenue decreased by 32.7% to approximately HKD 14,124,000, with a shift from a profit of about HKD 1,092,000 to a loss of approximately HKD 1,400,000[50] Assets and Liabilities - The total assets as of December 31, 2024, were HKD 5,720,492,000, an increase from HKD 5,445,425,000 in 2023[6] - Total assets increased to HKD 7,484,410,000 in 2024, up from HKD 6,982,900,000 in 2023[20] - The financing leasing business accounted for HKD 4,990,099,000 in assets, an increase from HKD 4,688,050,000 in the previous year[20] - The total liabilities for continuing operations were HKD 4,739,314,000, compared to HKD 4,520,453,000 in 2023, indicating a rise of 4.8%[22] - Non-current liabilities increased to HKD 3,883,247,000 from HKD 3,326,128,000 in the previous year[6] Cash Flow and Expenses - The company’s cash and bank balances improved to HKD 717,173,000, up from HKD 592,181,000 in 2023[5] - Financial expenses totaled HKD 78,427,000 in 2024, up from HKD 65,838,000 in 2023, with bank loan interest increasing to HKD 47,469,000 from HKD 38,826,000[23] - The estimated taxable profit for the year resulted in a tax expense of HKD (51,811,000) for 2024, compared to HKD (37,001,000) in 2023[24] - The company incurred total employee costs of HKD 177,918,000 in 2024, a decrease from HKD 197,815,000 in 2023[29] Dividends and Shareholder Information - A special dividend of HKD 0.42 per share was approved, totaling approximately HKD 7,192,000, with a proposed final dividend of HKD 0.58 per share amounting to about HKD 9,932,000[30] - The company will suspend share transfer registration from June 23, 2025, to June 26, 2025, to determine eligibility for attending the 2025 Annual General Meeting and voting[64] - The company will suspend share transfer registration from July 7, 2025, to July 9, 2025, to determine eligibility for receiving the proposed final dividend for the year ending December 31, 2024[65] Corporate Governance - The company has adopted all provisions of the corporate governance code as per the Hong Kong Stock Exchange Listing Rules and has complied with them for the year ending December 31, 2024[67] - All directors confirmed compliance with the standard code for securities trading for the year ending December 31, 2024[68] - The audit committee, consisting of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group for the year ending December 31, 2024[69] - The financial statements for the year ending December 31, 2024, have been audited by the company's auditor, KPMG, who has agreed with the figures presented[70] Future Outlook and Strategy - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming fiscal year[3] - The company expects that the adoption of new Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[10] - The company has not applied the newly issued Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to upcoming regulatory changes[9] - The group aims to expand its elderly care business, targeting 5,000 beds by the end of 2025, with ongoing projects and partnerships in Guangdong Province[59] - The technology sector will focus on investment and acquisitions to support strategic development, with an emphasis on establishing a project database[60] - In the financing leasing business, the group will continue to focus on green financing and optimize environmental leasing products while exploring new business areas[61]

(在百圆建註冊成立之有限公司) | --- | --- | --- | |----------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | C | | | | Interim Report | | | | 中期報告 | | | Hing Yip Holdings Limited (Stock Code 股票代號 :00132) Corporate Information 公司資料 Corporate Information 公司資料 | --- | --- | --- | --- | |---------------------------------------|----------------------------------------------------------------------------------------------------|-----------------|---------------------------------------------------------------- ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 411,025,000, an increase of 12.2% compared to HKD 366,229,000 for the same period in 2023[1] - Gross profit for the same period was HKD 178,771,000, representing a gross margin of 43.5%, compared to HKD 134,352,000 and a gross margin of 36.7% in 2023[1] - The net profit attributable to the company's owners for the period was HKD 62,942,000, a significant increase from HKD 8,893,000 in the previous year[2] - The company reported total comprehensive income of HKD 44,262,000, compared to a loss of HKD 85,015,000 in the same period last year[2] - Basic earnings per share for continuing operations was HKD 3.68, up from HKD 0.52 in the prior year[2] - Total segment profit for the six months ended June 30, 2024, was HKD 111,399,000, compared to HKD 76,806,000 in the previous year, reflecting a growth of 45.0%[11] - The company reported a loss of HKD 7,663,000 for the six months ended June 30, 2024, compared to a profit of HKD 9,628,000 for the same period in 2023, indicating a significant decline in performance[22] Revenue Breakdown - Financing leasing consulting service revenue was HKD 39,599,000, down 4.9% from HKD 41,627,000 year-on-year[9] - Revenue from civil explosives business blasting engineering increased significantly to HKD 24,515,000, up 25.7% from HKD 19,510,000 in the previous year[9] - The health and elderly care business service revenue rose to HKD 50,376,000, a 14.0% increase from HKD 44,091,000 in the prior year[9] - The financing leasing segment reported revenue of HKD 189,083,000, up 9.8% from HKD 173,031,000 year-on-year[11] - The civil explosives business generated total revenue of HKD 111,720,000, an increase of 9.5% from HKD 102,236,000 in the same period last year[11] - The revenue from the health and elderly care business reached approximately HKD 96,897,000, marking a year-on-year increase of 31.5%[53] Assets and Liabilities - Non-current assets totaled HKD 4,948,913,000 as of June 30, 2024, compared to HKD 4,800,403,000 at the end of 2023[3] - Current assets increased to HKD 2,800,413,000 from HKD 2,182,497,000 in the previous year[3] - The company's total equity attributable to owners was HKD 1,060,322,000, up from HKD 980,032,000 at the end of 2023[4] - Total liabilities decreased to HKD 3,243,315,000 from HKD 3,326,128,000 in the previous year[4] - The total assets of the group as of June 30, 2024, were HKD 6,034,231,000, an increase from HKD 5,793,885,000 at the end of 2023[13] - The total liabilities held for sale amounted to HKD 1,807,561,000, including lease liabilities of HKD 1,047,323,000 and borrowings of HKD 564,585,000[30] Cash Flow and Expenses - The company incurred a total financial expense of HKD 39,240,000 for the six months ended June 30, 2024, compared to HKD 28,961,000 for the same period in 2023, reflecting an increase of approximately 35.4%[19] - The company’s bank interest income rose to HKD 6,851,000 for the six months ended June 30, 2024, compared to HKD 4,184,000 in the previous year, marking an increase of about 63.8%[18] - Cash flow from operating activities showed a net inflow of HKD 3,733,000 for the six months ended June 30, 2024, compared to an outflow of HKD 8,049,000 in the previous year[28] Dividends and Shareholder Returns - The company declared a special dividend of HKD 7,192,000 for the fiscal year 2023, calculated based on 1,712,329,142 shares at HKD 0.42 per share[33] - The company has approved a special dividend of HKD 0.42 per share for shareholders registered on July 9, 2024, compared to zero in 2023[66] - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[32] Business Developments and Strategies - The company has not disclosed any new product developments or market expansion strategies during this reporting period[1] - The company completed the sale of a 72% stake in Zhongyan Taike Construction Co., Ltd. for approximately HKD 1,063,000,000 on March 1, 2024, which will result in the discontinuation of its property development business[23] - The company is expanding its elderly care services and facilities, with ongoing construction of an additional 1,200 elderly care beds[53] - The company is focusing on environmental financing leasing, aiming to become a leading specialized company in this sector in China[54] Risk Management and Governance - The company has established financial risk management policies to ensure all payables are settled within credit terms[44] - The company is committed to improving its risk management system to reduce non-performing asset rates in its financing leasing operations[64] - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and financial reports for the six months ending June 30, 2024[70] - The company adheres to the corporate governance code and has complied with all relevant regulations during the reporting period[68]

Financial Performance - The total income of Hing Yip Holdings for the year ended December 31, 2023, surged to approximately HK$917,133,000, representing a significant increase of 19.5% compared to the previous year[9]. - Operating profit from all continuing operations rose by approximately HK$19,755,000 to approximately HK$144,002,000, an increase of approximately 15.9%[10]. - The net profit for the year was approximately HK$155,936,000, reflecting a significant increase of HK$113,112,000 compared to the previous year[10]. - Profit from investments in associates increased by HK$46,673,000, contributing positively to overall profitability[10]. - The civil explosives business saw a 36.2% increase in operating income to approximately HK$265,750,000, with operating profit rising by 226.1% to approximately HK$38,744,000[30]. - The industrial park and property development segment recorded a 16.3% increase in operating income to approximately HK$95,710,000, with operating profit surging 63.6 times to approximately HK$179,187,000[31]. - The hotel business's operating income soared by 54.1% to approximately HK$14,998,000, while operating loss was narrowed by 76.9% to approximately HK$1,734,000[37]. - The Group recorded a special loss of approximately HK$88,006,000 due to the fair value impact of a buyback contract related to a 72% stake in a subsidiary[10]. Business Segments - Operating income from the wellness and elderly care business increased by approximately HK$34,983,000 due to the takeover of several public elderly care institutions[9]. - The operating income for the elderly care and wellness business reached approximately HK$157,441,000, marking a 28.6% increase year-on-year[16]. - The Group recorded a year-on-year decrease of 25.8% in operating losses for the elderly care segment, amounting to approximately HK$10,854,000[16]. - The financial leasing business reported an increase in operating income of approximately HK$22,151,000, reflecting a lean and efficient expansion strategy[9]. - The financial leasing business achieved an operating income of approximately HK$352,636,000, reflecting a 6.7% increase from the previous year, with 62% of this income derived from environmental industry clients[19]. - The Group engaged with approximately 73 state-owned enterprises and quality enterprises, including 29 in the Greater Bay Area, focusing on municipal environmental services[19]. Strategic Initiatives - Hing Yip Holdings aims to become a top-tier healthcare solution provider with technology, focusing on meticulous and humanized healthcare services[9]. - The Group plans to expand elderly care facilities, increase the number of institutional nursing beds, and improve service quality, with a goal to replicate successful models in other regions[54]. - The Group is committed to accelerating the establishment of a quality service system for manufacturing enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to become a leading full-chain industrial Internet platform service provider[55]. - The Group intends to explore investment and merger opportunities in biopharmaceutical and high-tech enterprises to achieve leapfrog development and deliver good returns to shareholders[61]. - The Group is focused on optimizing its organizational structure and enhancing brand value through the integration of medical and care services[15]. Governance and Corporate Structure - The Company has complied with all code provisions under the Corporate Governance Code for the year ended December 31, 2023[66]. - The Board consists of seven directors, including three executive directors and three independent non-executive directors, ensuring a diverse range of expertise[73]. - The Company emphasizes a corporate governance structure that includes an audit committee, remuneration committee, nomination committee, and strategy committee[68]. - The Board has established clear terms of reference for all committees, specifying their powers and responsibilities[68]. - The independent non-executive directors provide independent opinions and suggestions on the Group's strategy, development, and risk control[79]. - The Company ensures that one-third of the directors retire by rotation at each annual general meeting, maintaining governance standards[80]. - The Board considers the composition of executive and non-executive directors to comply with Listing Rules requirements, safeguarding shareholder interests[78]. - The Board convened eight meetings in 2023, with a 100% attendance rate from all executive directors[92]. Risk Management - The Group has implemented a risk management framework involving the Board, audit committee, and senior management to monitor and control risks associated with achieving strategic objectives[151]. - The Company has established an internal audit function to assist in ongoing monitoring of risk management and internal control systems, reporting deficiencies to the audit committee and Board[154]. - The Group's risk management policy is reviewed annually, identifying and prioritizing significant risks and establishing mitigation plans[152]. - The Company has adopted an anti-corruption policy and a whistleblowing policy to guide employees and stakeholders in reporting concerns[153]. Shareholder Communication - The Company has established a shareholders' communication policy to ensure timely and complete information is provided to shareholders and investors[179]. - The Company has maintained communication with shareholders through annual general meetings, encouraging participation and providing voting forms for those unable to attend[180]. - Shareholders holding at least 10% of the paid-up capital have the right to requisition a special general meeting[185]. - The company maintains various communication channels, including printed and electronic corporate communications, to engage with shareholders[184]. Future Outlook - The Group anticipates continued economic instability and slow growth, with challenges in consumer spending and corporate investment due to global uncertainties[50]. - The Group aims to become a first-class technology-based health care services provider in the Greater Bay Area, focusing on wellness and elderly care as the principal direction[53]. - The Group anticipates that the RMB will continue to face depreciation pressure in the short term due to various economic factors, but expects long-term stability without significant foreign exchange risk[51].

Financial Performance - The total revenue for Hing Yip Holdings Limited for the year ended December 31, 2023, was HKD 821,423,000, representing a 19.8% increase from HKD 685,331,000 in 2022[3] - The gross profit for the same period was HKD 316,097,000, up 23.4% from HKD 256,152,000 in the previous year[3] - The company reported a loss from continuing operations of HKD 23,251,000 compared to a profit of HKD 40,054,000 in 2022[3] - The profit from discontinued operations was HKD 179,187,000, significantly higher than HKD 2,770,000 in the prior year[3] - The total comprehensive income for the year was HKD 65,124,000, a recovery from a comprehensive loss of HKD 193,217,000 in 2022[4] - Basic earnings per share for the year was HKD 1.57 cents, compared to a loss of HKD 1.26 cents in the previous year[4] - The total revenue for the year ended December 31, 2023, increased significantly to approximately HKD 917,133,000, representing a growth of 19.5% compared to the previous year[80] - The operating profit from continuing operations rose by approximately HKD 19,755,000 to about HKD 144,002,000, reflecting an increase of approximately 15.9%[81] - The net profit for the year was approximately HKD 155,936,000, despite a special loss of approximately HKD 88,006,000 related to the sale of a subsidiary[81] Assets and Liabilities - Non-current assets decreased to HKD 4,800,403,000 from HKD 6,802,129,000 in 2022, primarily due to a reduction in investment properties[5] - Current assets totaled HKD 2,182,497,000, slightly down from HKD 2,267,456,000 in the previous year[5] - The company’s total liabilities increased to HKD 4,310,284,000 from HKD 2,221,240,000 in 2022, largely due to the issuance of convertible bonds[5] - The total equity attributable to owners of the company was HKD 980,032,000, down from HKD 1,013,031,000 in the previous year[6] - Total segment assets increased to HKD 5,793,885,000 in 2023 from HKD 4,963,204,000 in 2022, representing a growth of approximately 16.7%[27] - Total segment liabilities rose to HKD 4,520,453,000 in 2023 from HKD 3,703,646,000 in 2022, an increase of about 22.0%[29] - As of December 31, 2023, total assets were approximately HKD 9,755,709,000, up from HKD 9,069,585,000 a year earlier[99] - The debt-to-asset ratio increased to 78.3% from 76.9% year-on-year[99] Revenue by Segment - The big data business generated revenue of HKD 16,440,000 in 2023, a significant increase from HKD 2,034,000 in 2022, reflecting a growth of 707.5%[16] - The financing leasing segment reported revenue of HKD 352,636,000 in 2023, up from HKD 330,485,000 in 2022, marking a growth of 6.5%[22] - The civil explosives business saw a revenue increase to HKD 61,430,000 in 2023 from HKD 15,418,000 in 2022, representing a growth of 298.5%[16] - The health and elderly care business generated revenue of HKD 157,441,000 in 2023, compared to HKD 122,458,000 in 2022, indicating a growth of 28.6%[22] - Revenue from the discontinued industrial park and property development business was HKD 95,710,000, up from HKD 82,301,000 in the previous year, representing a growth of approximately 16.9%[46] - Revenue from the civil explosives business increased significantly by 36.2% to approximately HKD 265,750,000, with operating profit rising by 226.1% to about HKD 38,744,000[92] Operational Highlights - The company expects continued growth in the big data and civil explosives sectors, driven by increased demand and market expansion strategies[22] - The average bed utilization rate for rehabilitation and nursing beds reached 94%, an increase of 10% compared to the previous year[82] - The number of elderly care beds increased by approximately 29.1% to 2,708, with an occupancy rate of 80%[82] - The average occupancy rate of the hotel business increased significantly from approximately 24.67% last year to about 67.2% in the first nine months of this year[96] - The hotel’s operating revenue increased by 54.1% year-on-year to approximately HKD 14,998,000[96] Expenses and Costs - Interest expenses for the year totaled HKD 64,521,000 in 2023, compared to HKD 52,484,000 in 2022, indicating an increase of about 22.9%[39] - The total employee costs for the year were HKD 197,815,000, slightly higher than HKD 195,889,000 in 2022[51] - Operating profit decreased by 7.2% to approximately HKD 118,311,000 due to an increase in expected credit loss provisions by about HKD 13,948,000 compared to last year[87] Dividends and Shareholder Information - The company did not recommend any dividend for the year ended December 31, 2023, consistent with the previous year[52] - The board has decided not to recommend or declare a final dividend for the year ending December 31, 2023, consistent with the previous year[110] - The board seeks shareholder approval to cancel the entire amount credited to the share premium account and to pay a special dividend from the contributed surplus account after eliminating all accumulated losses[111] Strategic Initiatives - The company aims to become a leading technology health service provider in the Greater Bay Area, focusing on the elderly care business and expanding its operational capabilities[104] - The group aims to expand its market scale in the big data business and accelerate investment and acquisition efforts, focusing on digital transformation in local manufacturing through industrial internet technologies[106] - The group is actively seeking opportunities for investment and acquisitions in biomedicine and high-tech enterprises to achieve significant business growth and provide good returns to shareholders[107] - The group continues to focus on developing a leading environmental financing leasing company, with a standardized evaluation system for industry projects and high conversion rates for targeted marketing[106] Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group for the year ending December 31, 2023[116] - The group emphasizes corporate governance and has adopted all provisions of the corporate governance code as per the listing rules, ensuring compliance throughout the year[113]

2023 Interim Report 中期報告 China Investments Holdings Limited Corporate Information 公司資料 | Executive | He Xiangming (Chairman) | 執行董事 | （主席） 何向明 | | --- | --- | --- | --- | | Directors | Fu Weiqiang (President) | | （總裁） 符偉强 | | | You Guang Wu | | 游廣武 | | | Huang Zhihe (Deputy Managing Director) | | （董事副總經理） 黃志和 | | | (resigned on 1 April 2023) | | （於二零二三年 | | | | | 四月一日辭任） | | | Wang Xin (Deputy Managing Director) | | （董事副總經理） 王欣 | | | (resigned on 1 April 2023) | | （於二零二三年 | | | | | 四月一日辭任） | | | Cheng Weido ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 CHINA INVESTMENTS HOLDINGS LIMITED * 中國興業控股有限公司 （於百慕達註冊成立之有限公司） 132 （股份代號： ） 二零二三年度中期業績公佈 未經審核綜合業績 China Investments Holdings Limited 中國興業控股有限公司（「本公司」）董事會（「董事」）宣佈， 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之未經審核綜合業績連 同二零二二年同期未經審核的比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 港幣千元 港幣千元 （未經審核） （未經審核） 持續經營之業務 3 414,276 353,747 收入 (256,504) (221,308) ...

Financial Performance - For the year ended December 31, 2022, the Group recorded total income of approximately HK$246,786,000, representing a substantial increase of 47.4% compared to the previous year[10]. - The Group's net profit for the year was approximately HK$42,824,000, marking a significant increase of HK$31,937,000 compared to the previous year[14]. - The financial leasing segment recorded an operating profit of HK$127,447,000, representing a year-on-year increase of 49.6%[51]. - The operating profit of the group increased by 49.6% to approximately HK$127,447,000[52]. - The civil explosives segment recorded an operating income increase of 38.5% to approximately HK$195,138,000, with an operating profit of approximately HK$11,882,000, reversing the previous year's loss[67]. - The hotel segment's operating income decreased by 19.8% to approximately HK$9,730,000, with an operating loss widening by 16.9% to approximately HK$7,507,000 compared to the same period last year[70]. Business Segments Performance - The elderly care and wellness business saw an increase in operating income by approximately HK$44,704,000 year-on-year due to the acquisition of several public elderly care institutions[10]. - The financial leasing business contributed an additional operating income of approximately HK$114,341,000, reflecting continuous development[10]. - Rental income from the Danzao Industry Park increased by approximately HK$51,517,000, significantly enhancing the operating income from property and industrial park investments[10]. - The civil explosives business achieved a year-on-year income increase of about HK$54,291,000 following the completion of technological transformation[10]. - The elderly care and wellness business recorded a decrease in operating profits of approximately HK$17,507,000 due to COVID-19 impacts and rising operational costs[14]. - The profit from financing leasing increased by approximately HK$42,260,000 compared to last year[15]. - Operating income from the elderly care and wellness business rose to approximately HK$122,458,000, a 57.5% increase year-on-year[17]. - The industrial park's operating income rose by approximately 1.7 times to approximately HK$82,301,000, while operating profit increased by 6.9 times to approximately HK$30,536,000[54]. Investments and Projects - The company plans to renovate a building at Taoyuan Rehabilitation Hospital with a total GFA of 18,359 square meters, expected to be completed in the first half of 2023[24]. - The elderly apartment project construction started in September 2022 and is expected to be completed within about 18 months[24]. - The Group plans to develop the new energy industrial park in Danzao Town, with ongoing preparations for the third and fourth phases of the project[91]. - The Group is actively seeking investment and merger opportunities in biopharmaceutical and high-tech enterprises to achieve leapfrog development[92]. Financial Management and Risk Assessment - The Group's finance costs increased by approximately HK$24,382,000 due to higher interest expenses aligned with business development needs[14]. - Interest expenses increased by approximately HK$24,382,000 due to increased financing needs amid rising interest rates in the US[15]. - The Group employs a hierarchical approach to credit risk assessment, ensuring that potential financial leasing projects align with its risk appetite[35]. - Monthly off-site inspections and quarterly on-site inspections are conducted to monitor lessee performance and asset conditions, with adjustments made based on risk levels identified[46]. - The credit limit is determined based on the value of leased assets, the current price of pledged assets, and the lessee's cash flow capabilities[41]. - Risk signals are categorized into three levels: general, medium, and high, with specific action plans developed for high-risk projects[50]. - The Group actively expands financing channels, including equity and debt financing, to enhance the financial strength of its leasing business[36]. Corporate Governance - The company emphasizes corporate governance and has adhered to all provisions of the Corporate Governance Code as of December 31, 2022[98]. - The Board consists of nine directors, including six executive directors and three independent non-executive directors, ensuring a balance of experience and qualifications[103]. - The company has established clear terms of reference for its committees, defining their powers and responsibilities[102]. - The company has a rotation policy for directors, ensuring that one-third of the directors retire at each annual general meeting[108]. - The company continuously reviews its corporate governance arrangements to meet its operational needs[117]. - The Board convened seven meetings in 2022, with all directors achieving a 100% attendance rate[119]. Employee and Diversity Policies - As of December 31, 2022, the company has a total of 1,189 employees, comprising approximately 676 females and 513 males, resulting in a female-to-male ratio of 1:0.93[187][191]. - The company considers various factors, including gender, age, and professional experience, in its hiring practices to promote workforce diversity[187][191]. - The nomination committee will continue to review the need for achieving higher gender diversity in the Group annually[182]. Strategic Focus and Future Plans - The Group aims to enhance its elderly care and wellness business, focusing on a three-tier system comprising institutions, communities, and households, in response to the national strategy addressing population aging[85]. - The Group plans to expand its cooperation with other towns and sub-districts in Nanhai District, aiming to establish a strong presence in Foshan and the Guangdong-Hong Kong-Macao Greater Bay Area[85]. - The financial leasing business will focus on becoming a leading domestic professional company in environmental protection, targeting municipal environmental protection projects and green energy initiatives[88]. - The Group aims to create a first-class industrial Internet platform service provider in the Guangdong-Hong Kong-Macao Greater Bay Area[88].