Financial Performance - The company recorded revenue of HKD 1,165.05 million for the six months ended June 30, 2022, representing a 21.9% increase from HKD 956.12 million in the same period last year [26]. - Gross profit for the same period was HKD 329.02 million, with a gross margin decrease from 30.4% to 28.2% [27]. - The solid waste treatment and electricity and steam sales generated revenue of HKD 597.45 million, up 3.4% from HKD 577.81 million year-on-year [26]. - Revenue from waste incineration plant construction and related services surged by 108.8% to HKD 444.01 million, compared to HKD 212.63 million in the previous year [26]. - The company reported a total comprehensive loss of HKD 33,138,000 attributable to shareholders for the period, compared to a comprehensive income of HKD 195,091,000 in the previous year [67]. - The net profit attributable to shareholders for the period was HKD 138,827,000, slightly up from HKD 138,555,000 in the previous year [65]. - The company reported a net profit of HKD 155,968,000 for the six months ended June 30, 2022, compared to HKD 190,162,000 in the previous year [109]. Capital Expenditures and Investments - Capital expenditures for solid waste incineration plant construction during the period amounted to approximately HKD 160 million [20]. - The company incurred capital expenditures of HKD 63,866,000 for property, plant, and equipment during the six months ended June 30, 2022, compared to HKD 34,294,000 in the same period of 2021, reflecting an increase of about 86% [78]. - The company acquired property, plant, and equipment totaling HKD 160,470,000 during the six months ended June 30, 2022, down from HKD 273,897,000 in the same period of 2021 [105]. Operational Highlights - In the first half of 2022, the group processed 1.89 million tons of municipal solid waste, with an average daily intake of 10,432 tons, representing a year-on-year increase of 15.7% [18]. - The group achieved a total electricity generation of 687,332 MWh, reflecting a year-on-year increase of 5.8% [18]. - The group operates ten solid waste treatment projects, including nine municipal solid waste incineration power projects with a daily processing capacity of 11,125 tons [16]. - The group is expanding its business into solid waste treatment, including organic waste, oil sludge, fly ash, and other materials, to create new profit growth points [21]. Financial Position - The company's net assets decreased by HKD 4.54 million to HKD 394.98 million as of June 30, 2022 [40]. - Total assets as of June 30, 2022, amounted to HKD 11,146,730,000, an increase from HKD 10,920,534,000 at the end of 2021 [70]. - The group's total liabilities to total assets ratio was 64.6%, slightly up from 63.4% at the end of the previous year [57]. - The company's total equity as of June 30, 2022, was HKD 3,949,843,000, compared to HKD 3,835,988,000 as of June 30, 2021, reflecting an increase of approximately 3% [75]. Cash Flow and Liquidity - Cash flow from operating activities for the six months ended June 30, 2022, was a net outflow of HKD 51,852,000, an improvement from a net outflow of HKD 139,305,000 in the same period of 2021 [78]. - The company's cash and cash equivalents amounted to HKD 1,678.97 million, with approximately 84% denominated in RMB [54]. - The company's cash flow from financing activities included new bank loans of HKD 279,341,000 for the six months ended June 30, 2022, compared to HKD 281,451,000 in the same period of 2021, showing a slight decrease of about 0.4% [78]. Debt and Liabilities - Financial costs rose significantly by 109.2% to HKD 79.19 million, driven by increased bank loan interest and other borrowings [34]. - Total bank and other borrowings rose to HKD 5,632,385,000 as of June 30, 2022, compared to HKD 1,672,864,000 as of December 31, 2021, indicating a substantial increase of approximately 236.5% [139]. - The company's lease liabilities rose significantly to HKD 47,564,000 from HKD 14,981,000, representing an increase of about 217.5% [149]. Shareholder Information - Major shareholders include Idata with 738,675,000 shares (49.23%) and Beijing Holdings with 756,120,000 shares (50.40%) as of June 30, 2022 [176]. - The company has maintained a public float of at least 25% of its total issued shares as of the report date [180]. Governance and Compliance - The board of directors has complied with all applicable code provisions of the corporate governance code during the six months ended June 30, 2022 [183]. - The audit committee consists of three independent non-executive directors, including Dr. Wan Guocang as the chairman [187]. - The company has adopted the standard code for securities transactions by directors and confirmed compliance during the reporting period [185].

Financial Performance - Total assets reached HKD 10.92 billion, with operating revenue of HKD 2.42 billion and net profit of HKD 246 million, marking an increase compared to 2020[33] - The pre-tax profit for the year was HKD 269 million, demonstrating a solid financial performance amidst a complex economic environment[33] - The group achieved a total revenue of HKD 2.42 billion in 2021, a 35% increase from HKD 1.79 billion in 2020[42] - The overall gross profit for the group was HKD 599 million, a 13% increase from HKD 531 million in the previous year, although the gross margin decreased from 29.7% to 24.8%[44] - EBITDA for the year was HKD 535 million, an increase of 22% or HKD 97 million compared to HKD 438 million last year[50] - Net profit for the year was HKD 246 million, a 59% increase or HKD 91 million from HKD 155 million in the previous year[50] - The ecological construction segment's revenue fell by 53% to HKD 194 million, resulting in a loss of HKD 28 million for the year[40] - The group recorded other income and gains of HKD 75 million, a decrease from HKD 94 million in the previous year, primarily due to reduced VAT refunds[46] Waste Management Operations - The total waste processed was 3.77 million tons, with 3.20 million tons incinerated, resulting in electricity generation of 1.368 billion kWh, reflecting over 5% growth in all metrics compared to 2020[33] - The solid waste treatment segment processed a total of 3.39 million tons of municipal waste in 2021, averaging 9,283 tons per day, an increase of 2.7% year-on-year[37] - The group recorded operating revenue of HKD 1.14 billion from solid waste treatment, a growth of 9.2% compared to the previous year, with a gross profit of HKD 439 million, up 19%[42] - The waste-to-energy project remains a core focus, with plans for collaborative treatment of various solid wastes[34] - The group generated a total of 1,367,866 MWh of electricity, reflecting a 7.7% increase, with electricity sales reaching 1,123,193 MWh, up 8.2%[37] Strategic Initiatives - The company aims to enhance its service capabilities in the environmental market by focusing on innovative thinking and developing emerging business models[34] - Future strategies include expanding urban public services and improving technical capabilities through research and application of innovative technologies[34] - The company plans to establish a comprehensive risk prevention system to enhance internal control efficiency and drive sustainable growth[34] - The group plans to focus on expanding sludge disposal services and controlling raw material costs to enhance revenue streams and reduce operational risks in 2022[41] - The company is committed to becoming a reliable comprehensive environmental service provider, emphasizing accountability and trustworthiness[34] Governance and Compliance - The board confirmed compliance with corporate governance standards throughout the fiscal year[95] - The board consists of five executive directors and five independent non-executive directors, ensuring compliance with listing rules regarding board composition[98] - The company adopted a board diversity policy, considering factors such as gender, age, cultural background, and professional experience to enhance governance and business objectives[101] - The company emphasizes a culture of integrity and compliance with ethical standards among all board members and management[101] - The company has established an internal audit department to regularly review its internal control systems[131] Shareholder and Financial Management - The company reported no dividend payment for the fiscal year ending December 31, 2021[143] - The company aims to provide stable and sustainable returns to shareholders through its dividend policy[136] - The company has no distributable reserves as of December 31, 2021[147] - The company has not purchased, redeemed, or sold any of its listed securities during the year[146] - Major shareholders holding 5% or more of the company's issued shares include Beijing Enterprises Group (BVI) with 49.23% and Khazanah Nasional Berhad with 23.13%[172] Employee and Operational Efficiency - Employee costs increased by 31% to HKD 292 million from HKD 223 million in the previous year, with the workforce growing to 1,399 employees[77] - Operational costs were reduced by 5% due to improved efficiency measures implemented during the year[89] - The company continues to improve employee welfare and training policies, emphasizing work-life balance and regular sports activities[179] Risk Management - The company has implemented a risk management and internal control system, focusing on significant risks such as safety production and financial security[131] - The management conducts annual impairment tests for goodwill and assesses other non-financial assets for impairment indicators, performing impairment evaluations if such indicators exist[199] - The impairment assessment of non-financial assets has been identified as a key audit matter due to significant balances and management's judgments and estimates involved[200]

Financial Performance - For the six months ended June 30, 2021, the group recorded revenue of HKD 956.12 million, an increase of 60% compared to HKD 599.09 million in the same period last year[32]. - The gross profit for the same period was HKD 290.73 million, up 64% from HKD 177.71 million, with a gross margin increase from 29.7% to 30.4%[33]. - The net profit for the period was HKD 15.60 million, representing a 61% increase from HKD 9.68 million in the previous year[42]. - Total comprehensive income for the period was HKD 217,327,000, significantly higher than HKD 5,883,000 in 2020[73]. - Basic earnings per share attributable to shareholders was HKD 9.23, compared to HKD 6.16 in the previous year, reflecting a 49.5% increase[70]. - The operating profit for the group was HKD 234,117,000, compared to an operating loss of HKD 37,849,000 in the previous year[101]. - The net profit attributable to shareholders for the six months ended June 30, 2021, was HKD 138,555,000, a significant increase from HKD 92,453,000 in the same period of 2020[101]. Revenue Sources - Revenue from solid waste treatment business was HKD 578 million, a 26.8% increase from the previous year, with a gross profit of HKD 229 million, reflecting a 62.5% growth[24]. - The income from solid waste treatment and electricity and steam sales was HKD 577.81 million, a 27% increase from HKD 455.82 million year-on-year[34]. - The company reported a significant increase in revenue from electricity sales, which reached HKD 330,313,000, up from HKD 279,912,000 in the previous year[107]. - Customer contract revenue from solid waste treatment was HKD 437,642,000, while ecological construction services contributed HKD 116,824,000, totaling HKD 554,466,000[111]. Assets and Liabilities - The group’s total assets and total liabilities as of June 30, 2021, were HKD 1,012,153 million and HKD 628,555 million, respectively, reflecting increases of HKD 36,898 million and HKD 12,456 million since December 31, 2020[46]. - The group's total assets as of June 30, 2021, amounted to HKD 10,121,533,000, an increase from HKD 9,752,553,000 at the end of 2020[78]. - Total liabilities as of June 30, 2021, were HKD 6,285,545,000, compared to HKD 6,160,988,000 at the end of 2020[78]. - The group's net current liabilities as of June 30, 2021, were HKD 2,019,832,000, compared to HKD 2,147,086,000 as of December 31, 2020[157]. Capital Expenditures and Investments - Capital expenditures totaled HKD 273.90 million, primarily for the construction and renovation of waste treatment plants[64]. - The company invested HKD 273,897,000 in property, plant, and equipment during the six months ended June 30, 2021, compared to HKD 138,864,000 in the same period of 2020[103]. - The group’s capital commitments as of June 30, 2021, amounted to HKD 1,181,142,000, up from HKD 1,037,676,000 on December 31, 2020[147]. Operational Highlights - The solid waste treatment segment processed a total of 1.63 million tons of municipal waste, averaging 9,014 tons per day, which is a 6.3% increase compared to the same period last year[24]. - Total electricity generation reached 649,949 MWh, representing a 12.6% increase year-on-year, while grid-connected electricity amounted to 550,867 MWh, up by 19.1%[24]. - The company operates eight municipal waste incineration power generation projects with a total processing capacity of 10,225 tons per day[22]. - The company has three waste-to-energy projects under construction, with a total waste processing capacity of 4,350 tons per day[22]. Market Development and Strategy - The company plans to deepen its market development efforts in key areas and expand its business scope, focusing on waste incineration projects and circular economy industrial parks[28][29]. - The company aims to adopt various strategies such as new projects, partnerships, and acquisitions to expand its market scale[28]. - The group generated over 90% of its revenue from customers in mainland China, indicating a strong market presence in that region[104]. Employee and Management Information - The group employed 1,247 staff, with total employee costs increasing by 29% to HKD 136.82 million[67]. - Total compensation paid to key management personnel for the six months ended June 30, 2021, was HKD 7,693,000, up from HKD 6,587,000 in the same period of 2020, representing an increase of approximately 16.8%[155]. Tax and Financial Costs - The effective tax rate for the period was 20.5%, significantly higher than 11.1% in the same period last year[41]. - The total tax expense for the period was HKD 40,300,000, compared to HKD 12,078,000 for the same period in 2020, reflecting a significant increase due to taxable profits in mainland China[118]. - Financial costs totaled HKD 42,344,000, which includes interest on bank loans and other borrowings of HKD 26,599,000, an increase from HKD 23,181,000 in the previous year[115]. Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring compliance with regulatory requirements[187]. - The board of directors has reviewed the operational and financial reports, budgets, and business plans regularly during the reporting period[188]. - The company has adopted the standard code for securities transactions by directors, confirming compliance during the reporting period[186].

北 京 控 股 環 境 集 團 有 限 公 司 BEIJING ENTERPRISES ENVIRONMENT GROUP LIMITED (股份代號 154) 2020 年 報 目錄 北京控股環境集團有限公司 – 二零二零年年報 公司資料 2 公司架構 3 財務概要 4 主席報告 5 管理層討論及分析 6 董事及高級管理人員之履歷資料 15 企業管治報告 董事會報告 獨立核數師報告 經審核財務報表 17 26 36 1 目錄 綜合損益表 41 | --- | --- | |----------------|-------| | | | | | | | | | | 綜合全面收益表 | 42 | | 綜合財務狀況表 | 43 | | 綜合權益變動表 | 45 | | | | | 綜合現金流量表 | 46 | | 財務報表附註 | 48 | | 五年財務概要 | 134 | 公司資料 二零二零年年報 – 北京控股環境集團有限公司 公司資料 | --- | --- | |-----------------------------|-------------------------| | | | | 董事會 | 註冊 ...

北 京 控 股 環 境 集 團 有 限 公 司 BEIJING ENTERPRISES ENVIRONMENT GROUP LIMITED (股份代號 154) HEHIT HITHOW 中期報告 ２０２０ 目錄 目錄 公司架構 3 管理層討論及分析 4 中期簡明綜合財務資料 中期簡明綜合損益表 12 中期簡明綜合全面收益表 13 中期簡明綜合財務狀況表 14 中期簡明綜合股東權益變動表 16 中期簡明綜合現金流量表 17 中期簡明綜合財務資料附註 19 須予披露資料 39 企業管治 43 1 公司資料 2 北京控股環境集團有限公司 公司資料 公司資料 | --- | --- | |-----------------------------|----------------------------------| | | | | 董事會 | 註冊辦事處 | | 執行董事： | 香港 | | 柯儉先生 （主席兼行政總裁） | 灣仔 | | 沙寧女士 （副總裁） | 港灣道 18 號 | | 吳光發先生 | 中環廣場 66 樓 | | 獨立非執行董事： | 網站 | | 金立佐博士 | http://www.bee ...

Waste Processing Capacity and Projects - The daily waste processing capacity of the Tai'an project increased from 800 tons to 1,200 tons, and the Shuyang project increased from 600 tons to 1,200 tons[17]. - The company processed a total of 3.49 million tons of municipal waste and generated 976 million kilowatt-hours of electricity during the year[17]. - The company plans to expand the Changde project in Hunan and the Zhangjiagang project in Jiangsu, focusing on technological innovation[17]. - The company is investing in the construction of a new project in Yanzhou District, Jining City, Shandong, to enhance regional waste processing capacity[17]. - The group operates nine solid waste treatment projects in China, with a total waste processing capacity of 10,225 tons per day and an annual capacity of 35,000 tons for hazardous and medical waste[21]. - The group invested in eight municipal solid waste incineration plants and one hazardous and medical waste treatment plant in China, processing 3.49 million tons of waste and generating 976 million kWh of electricity[173]. Financial Performance - The profit attributable to shareholders for the year was HKD 222 million, representing a 12% increase after excluding one-time asset impairment impacts[17]. - The revenue from continuing operations was HKD 1,384 million for the year[15]. - Total revenue for the solid waste treatment segment was HKD 1.104 billion, a year-on-year decrease of 3.6%, while operational revenue increased by 14.3% to HKD 1.052 billion[25]. - The gross profit for the year was HKD 485 million, a 29% increase from the previous year, with an overall gross margin rising from 29.6% to 35.0%[31]. - The group recorded other income and gains of HKD 95 million, a decrease of HKD 45 million compared to HKD 140 million last year[33]. - The group’s profit before interest, tax, depreciation, and amortization (EBITDA) was HKD 494 million, a decrease of 6% or HKD 34 million from HKD 528 million last year[42]. - The gross profit margin improved to 35.0% from 29.6% in the previous year, while the net profit margin decreased to 15.9% from 22.2%[66]. Challenges and Risks - The company is facing challenges due to decreasing waste subsidies and increasing environmental inspection pressures[17]. - The group’s major risks and uncertainties, as well as future development forecasts, are discussed in the management discussion and analysis section of the annual report[132]. - The assessment of goodwill impairment is identified as a key audit matter due to the significant balance and management's judgment involved[194]. Investments and Expenditures - The group invested approximately HKD 158 million in technology upgrades and expansion projects to meet new environmental and emission standards[22]. - The group’s capital expenditure totaled HKD 196 million, with HKD 158 million allocated for the construction and renovation of waste treatment plants[67]. - The company is investing in new technologies, with a budget of E million allocated for R&D in the upcoming year[80]. Governance and Board Structure - The board of directors consists of three executive directors and five independent non-executive directors as of January 3, 2020[94]. - The company has adopted a diversity policy for its board members, considering factors such as gender, age, cultural background, and professional experience[93]. - The company has implemented sufficient measures to ensure effective communication among directors[98]. - The company encourages continuous professional development for directors to enhance their knowledge and skills[96]. - The board has complied with listing rules regarding the composition and independence of its members[96]. Employee and Operational Management - The group emphasizes safety management and compliance with environmental standards as foundational to its operations[17]. - The group emphasizes employee welfare and training, regularly reviewing policies related to occupational health and safety[175]. - The group employed 1,246 staff, with total employee costs rising by 22% to HKD 235 million compared to HKD 192 million last year[75]. Shareholder Communication and Dividends - The company emphasizes the importance of effective communication with shareholders and investors[124]. - The board does not recommend any dividend payment for the year[134]. - The board will consider various factors, including financial condition and capital needs, when deciding on future dividend payments[128]. Goodwill and Asset Management - The group’s goodwill from acquisitions related to solid waste management projects amounted to HKD 1.123 billion, with no impairment required as the recoverable amount exceeded the carrying value[48]. - The recoverable amount of cash-generating units in the solid waste treatment business is determined based on future cash flows, which are discounted to present value[194]. - Internal valuation experts were engaged to assist in evaluating the valuation model and assumptions used by the company, particularly regarding future revenue and performance estimates[196].

北 京 控 股 環 境 集 團 有 限 公 司 BEIJING ENTERPRISES ENVIRONMENT GROUP LIMITED (股份代號 154) 盤2019 目錄 目錄 公司架構 3 管理層討論及分析 4 中期簡明綜合財務資料 中期簡明綜合損益表 12 中期簡明綜合全面收益表 13 中期簡明綜合財務狀況表 14 中期簡明綜合股東權益變動表 16 中期簡明綜合現金流量表 17 中期簡明綜合財務資料附註 19 須予披露資料 45 企業管治 51 1 公司資料 2 北京控股環境集團有限公司 公司資料 公司資料 2 | --- | --- | |-------------------------------|-------------------------| | | | | | | | 董事會 | 註冊辦事處 | | 執行董事： | 香港 | | 鄂萌先生 （主席） | 灣仔 | | 柯儉先生 （副主席兼行政總裁） | 港灣道 18 號 | | 沙寧女士 （副總裁） | 中環廣場 66 樓 | | 吳光發先生 | 網站 | | 獨立非執行董事： | http://www.beegl.com.hk | ...

北 京 控 股 環 境 集 團 有 限 公 司 BEIJING ENTERPRISES ENVIRONMENT GROUP LIMITED (股份代號 154) 2018 U T 目錄 北京控股環境集團有限公司 – 二零一八年年報 公司資料 2 公司架構 3 財務概要 4 主席報告 5 管理層討論及分析 6 1 目錄 | --- | |------------------------------| | | | 董事及高級管理人員之履歷資料 | | 企業管治報告 | | 董事會報告 | | 獨立核數師報告 | | 經審核財務報表 | | 綜合損益表 | | 綜合全面收益表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 財務報表附註 | | 五年財務概要 | 15 18 25 35 40 41 42 44 45 47 136 公司資料 二零一八年年報 – 北京控股環境集團有限公司 公司資料 | --- | --- | |-------------------------------|-------------------------| | | | | 董事會 | 註冊辦事處 | ...