新型能源观要符合中国式现代化五个方面特征，其核心遵循为"集约节约、自主可控；成本可控、普惠 共享；市场主导、政府治理；生态优先、绿色发展；开放合作、争取主动"。 □ 梁武湖 党的十八大以来，以习近平同志为核心的党中央从国家发展和安全的战略高度，提出"四个革命、一个 合作"能源安全新战略，要求加快构建新型能源体系，为新时代能源工作提供了根本遵循和行动指南。 新型能源观以坚持党的领导为政治保证 在全面开启社会主义现代化国家新征程关键时期，必须以习近平新时代中国特色社会主义思想为指导， 学习贯彻习近平经济思想以及国家能源安全重要论述，以服务于中国式现代化建设为己任，牢固树立具 备全局、系统、整体、动态、开放视角的新型能源观，加快规划建设新型能源体系，推动能源高质量发 展。 从举国体制掀起能源大会战到跨越式发展锻造"国之重器"，再到能源绿色低碳转型高质量发展，新中国 成立以来，党领导能源事业取得了举世瞩目的伟大成就，从一穷二白一跃成为世界能源生产消费大国。 三峡工程、西气东输、西电东送、北煤南运等一大批世界级重大能源工程相继建成。在党的坚强领导 下，通过制定实施发展战略和中长期规划，我国能源事业实现了从相对封闭到全方 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of HKD 10,896.7 million, a decrease of 58.4% compared to HKD 26,150.2 million in 2023[11]. - The adjusted EBITDA for the same period was a loss of HKD 17.4 million, compared to a profit of HKD 167.0 million in the previous year[11]. - The net loss attributable to shareholders for the year was HKD 87.4 million, compared to a loss of HKD 150.5 million in 2023, indicating an improvement in performance[11]. - The company's revenue for the year ended December 31, 2024, was HKD 10,896.7 million, a decrease of 58.3% compared to HKD 26,150.2 million in 2023[29]. - The adjusted EBITDA for 2024 was negative HKD 17.4 million, down from positive HKD 167.0 million in 2023, resulting in an adjusted EBITDA margin of (0.2)%[29][34]. - The gross loss for the year was HKD 131.8 million, an improvement of 3.7% compared to a gross loss of HKD 136.9 million in 2023[29][33]. - The group recorded a gross loss of HKD 131.8 million for the year, compared to a loss of HKD 136.9 million in 2023, mainly due to low Canadian natural gas prices[68]. - The group confirmed a non-cash accounting impairment reversal of HKD 76.0 million for its Canadian oil and gas assets during the year[67]. Liquidity and Financial Position - The company maintained a strong liquidity position with liquid assets totaling HKD 517.7 million and no external borrowings as of December 31, 2024[16]. - As of December 31, 2024, the group’s current assets net value is HKD 554.7 million, down from HKD 775.5 million in 2023, while cash and bank balances decreased to HKD 486.7 million from HKD 796.6 million[74]. - The total equity of the group as of December 31, 2024, is HKD 1,062.4 million, compared to HKD 1,192.4 million in 2023, with a net asset value per share of HKD 0.12[74]. - The debt ratio improved to 25.6% from 29.9% in the previous year, reflecting a stronger balance sheet[11]. - The group has no unsecured debt securities or unsecured short-term loans as of December 31, 2024, maintaining an asset-liability ratio of 0%[76]. Production and Operations - Daily production in Canada averaged 7,700 barrels of oil equivalent, primarily from natural gas, despite disruptions caused by wildfires[19]. - The company's average daily production for the year was 7,700 barrels of oil equivalent, a decrease of 30.6% compared to 2023, primarily due to wildfires and production cuts in response to low natural gas prices[42]. - The energy business recorded a revenue decrease of 49.4% year-on-year, primarily due to the closure of the Fort Nelson Gas Plant and significant production declines in Argentina[33]. - The realized natural gas price for the year decreased by 38% compared to 2023, resulting in a revenue decline of 49.3% to HKD 241.3 million[44]. - The production from the X-2001 well has seen a dramatic decline of 88%, dropping from 1,200 barrels of oil equivalent per day to only 150 barrels[54]. Strategic Initiatives and Business Focus - The company is transitioning its focus from traditional oil and gas operations to precious metals trading and refining, as part of its brand evolution[14]. - The company has expanded its strategic position in the Wapiti area by acquiring additional mining rights in Alberta's West Gold Creek[19]. - The company plans to fully withdraw from Argentina by the end of 2025, despite having the highest producing conventional oil well in the country in 2023[20]. - The new precious metals refining facility is expected to start commercial operations in early 2024, with a capacity to refine 50 tons of gold annually at 99.9% purity[22]. - The company anticipates that its new office in Dubai will accelerate growth in its precious metals trading and refining business, further expanding its global footprint[24]. Environmental and Sustainability Efforts - The company is actively seeking opportunities to collaborate with local authorities and regulators to achieve net-zero emissions goals as part of its commitment to ESG initiatives[36]. - The company is committed to transforming the 1,200-acre Discovery Park into a green ecosystem center, focusing on hydrogen/green ammonia production, renewable natural gas/biomass production, and vertical farming[175][181]. - The company aims for zero workplace injuries and accidents by continuously improving health and safety management standards[175]. - The company is committed to adhering to corporate social responsibility while focusing on health and safety, environmental protection, and community engagement[177]. - The company has implemented a policy for sustainable water resource management and aims to identify feasible water-saving measures in the next three years[196]. Governance and Management - The appointment of a new independent non-executive director with over 20 years of experience in the jewelry manufacturing and wholesale industry aims to enhance board diversity and governance[14]. - The board aims to continue developing and growing the business to enhance long-term shareholder value[167]. - The board is committed to maintaining high standards of corporate governance, with detailed measures outlined in the annual report[164]. - The company has changed its auditor from PwC to Ernst & Young for the fiscal year ending December 31, 2024[166]. - The company has not been involved in any significant litigation or arbitration during the year[108]. Shareholder Information - The company did not declare any interim dividends for the year, similar to the previous year, and the board has recommended not to declare any final dividends for this year[109]. - The company has no retained earnings available for cash or in-kind distribution as of December 31, 2024, with paid-in surplus of HKD 4,871.0 million available for distribution in the form of bonus shares[135]. - The top five customers accounted for 73% of the total revenue for the year, with the largest customer contributing approximately 22%[136]. - The top five suppliers represented about 55% of total procurement, with the largest supplier accounting for approximately 18% of total procurement for continuing operations[136]. - As of December 31, 2024, major shareholders hold significant stakes, with Wanxin Enterprises Limited owning 5,737,129,098 shares, representing 65.63% of the issued share capital[155].

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 何部分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。 NEW TIMES CORPORATION LIMITED 新時代集團控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：00166） （前稱為NEW TIMES ENERGY CORPORATION LIMITED 新時代能源有限公司* ） 截至二零二四年十二月三十一日止年度 之全年業績公告 財務摘要 | | 截至二零二四年 | 截至二零二三年 | | --- | --- | --- | | | 十二月三十一日 | 十二月三十一日 | | | 止年度 | 止年度 | | | 百萬港元 | 百萬港元 | | 收益 | 10,896.7 | 26,150.2 | | 除稅前虧損 | (86.2) | (159.6) | | 經調整 EBITDA（「EBITDA 」） | (17.4) | 167.0 | | 年內虧損 | (87.4) ...

* （前稱為NEW TIMES ENERGY CORPORATION LIMITED 新時代能源有限公司*） （於百慕達註冊成立之有限公司） （股份代號：00166） 2024 中期報告 目錄 目錄 | --- | --- | |-------|--------------------------| | | | | 2 | 公司資料 | | 3 | 權益人資料 | | 4 | 簡明綜合損益表 | | 5 | 簡明綜合全面收益表 | | 6 | 簡明綜合財務狀況表 | | 8 | 簡明綜合權益變動表 | | 9 | 簡明綜合現金流量表 | | 10 | 簡明綜合中期財務資料附註 | | 30 | 管理層討論及分析 | | 41 | 其他資料 | 1 新時代集團控股有限公司 二零二四年中期報告 公司資料 公司資料 董事會 執行董事 鄭錦超先生（主席） 鄧永恩先生（行政總裁） 非執行董事 李志軒先生 獨立非執行董事 翁振輝先生 招偉安先生 黃偉德先生 梁詩麗女士（於二零二四年八月二十九日獲委任） 核數師 安永會計師事務所（於二零二四年八月九日獲委任） 執業會計師及註冊公眾利益實體核數師 羅兵咸永道會計師事務所（於二 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 4,517.7 million, a decrease of 72.8% compared to HKD 16,602.2 million in 2023[1] - The company reported a loss before tax of HKD 19.3 million, compared to a profit of HKD 69.3 million in the same period last year[2] - The net loss for the period was HKD 24.9 million, a significant decline from a profit of HKD 57.9 million in 2023[2] - Basic loss per share was HKD 0.28, down from earnings of HKD 0.66 per share in the previous year[2] - Other comprehensive loss for the period totaled HKD 7.5 million, contrasting with a gain of HKD 42.8 million in the previous year[3] - Reported segment revenue for the upstream business was HKD 163.7 million for the six months ended June 30, 2024, down from HKD 326.0 million in the same period of 2023, representing a decrease of 50.2%[15] - Adjusted EBITDA for the upstream business was HKD (51.2) million, compared to HKD 74.5 million in the prior year, indicating a significant decline[15] - Total reported segment revenue for the group was HKD 4,517.7 million for the six months ended June 30, 2024, down from HKD 16,602.2 million in the same period of 2023, a decrease of 72.8%[15] - The group reported a pre-tax loss of HKD 24.9 million for the six months ended June 30, 2024, compared to a profit of HKD 57.9 million in the same period of 2023[32] - The group’s basic loss per share for the six months ended June 30, 2024, was HKD 0.00285, compared to earnings per share of HKD 0.00655 in the same period of 2023[32] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 1,062.4 million, slightly up from HKD 1,028.3 million at the end of 2023[4] - Current liabilities rose to HKD 457.6 million, compared to HKD 252.8 million at the end of 2023, indicating increased financial obligations[4] - The group's total assets increased to HKD 1,853.2 million as of June 30, 2024, compared to HKD 1,700.7 million as of December 31, 2023, reflecting a growth of 9.0%[18] - The group's total liabilities rose to HKD 703.9 million as of June 30, 2024, up from HKD 508.3 million as of December 31, 2023, an increase of 38.5%[18] - The total liabilities increased significantly to 367.6 million HKD as of June 30, 2024, from 164.8 million HKD as of December 31, 2023, indicating a growth of over 120%[39] - The group’s total current assets were valued at HKD 604.8 million, down from HKD 775.5 million as of December 31, 2023, with cash and bank balances at HKD 613.1 million[68] - The total equity of the group was HKD 1,149.3 million, a decrease from HKD 1,192.4 million as of December 31, 2023, with a debt ratio of 38.0% compared to 29.9% in the previous period[68] - The group has no outstanding secured debt or short-term loans as of June 30, 2024, maintaining an asset-to-equity ratio of 0%[69] Inventory and Capital Expenditures - Inventory increased significantly to HKD 341.3 million from HKD 102.8 million, reflecting potential overstocking issues[4] - Capital expenditures include new exploration and evaluation assets as well as property, plant, and equipment[14] - The company’s capital commitments for property, plant, and equipment increased to 29.8 million HKD as of June 30, 2024, compared to 69.5 million HKD as of December 31, 2023[34] Operational Segments - The company operates two reporting segments: upstream business (oil and gas exploration, development, production, and sales) and precious metals refining and trading in Hong Kong[13] - The upstream business is currently active in Canada and Argentina, focusing on oil and gas activities[13] - The financial performance of the precious metals trading and refining business in Hong Kong declined due to historical high gold prices, leading to weaker trade volumes and profit margins[48] - The upstream business in Canada experienced a revenue decline of approximately 47% due to persistently low natural gas prices[48] - The company has recognized an impairment reversal of HKD 111.8 million due to improved technical and economic feasibility of its Montney assets[51] Corporate Governance and Compliance - The company has adopted and applied the corporate governance code as per the listing rules, ensuring compliance with all applicable provisions as of June 30, 2024[85] - The audit committee has reviewed the interim financial results for the six months ending June 30, 2024, confirming compliance with applicable accounting standards and listing rules[88] - The company did not buy, sell, or redeem any of its listed securities during the review period[89] - There were no significant violations of applicable laws and regulations during the review period[91] Environmental Initiatives - The company is undergoing a green transformation journey, aiming to integrate complementary environmental businesses in British Columbia[47] - The company has signed a non-binding memorandum of understanding with Quantum Technology Corporation to develop a green hydrogen production facility with an initial capacity of 15 tons per day at Discovery Park[49] - The vision for Discovery Park includes creating a circular economy by integrating green hydrogen production, biofuel production, aquaculture, vertical farming, and modular construction[54] - The company is focusing on transforming Discovery Park into a green ecosystem center, aligning with its ESG initiatives and global low-carbon economy efforts[57] - The company is actively seeking opportunities to collaborate with local authorities and regulators to achieve net-zero emissions goals[49] Legal and Regulatory Matters - The company is currently seeking legal advice regarding potential impacts from a lawsuit filed by Beijing Gas Blue Sky Holdings Limited in China[46] - The group is evaluating the financial impact of a court ruling related to its operations in Argentina, which may require the transfer of operational rights[80] Changes and Developments - The company has rebranded from "New Times Energy Corporation Limited" to "New Times Corporation Limited" as approved by shareholders on June 20, 2024[9] - The company changed its name from "New Times Energy Corporation Limited" to "New Times Corporation Limited" effective June 20, 2024[82] - The company has changed its website from "http://www.nt-energy.com/" to "http://www.newtimes-corp.com/" effective August 28, 2024[83] - Changes in director information include the appointment of a new independent non-executive director on August 29, 2024[93] Employee and Compensation - The group employed a total of 137 long-term employees as of June 30, 2024, down from 142 as of December 31, 2023[75] - Total employee compensation for the six months ended June 30, 2024, amounted to HKD 51.7 million, an increase from HKD 45.8 million in 2023[75]

年報 2023 *僅供識別 中國 宏鑫貴金屬精煉 香港 加拿大 阿根廷 NTE Discovery Park 卑詩省 薩爾塔省 High Luck Group NTE Energy Canada 卑詩省及艾伯塔省 公司業務 | 目錄 | | --- | | 2 | 公司資料 | | --- | --- | | 3 | 權益人資料 | | 4 | 財務摘要 | | 5 | 主席報告 | | 9 | 管理層討論及分析 | | 19 | 新時代能源油氣儲量之資料 | | 21 | 董事資料 | | 23 | 董事會報告 | | 35 | 環境、社會及管治回顧 | | 51 | 企業管治報告 | | 67 | 獨立核數師報告 | | 72 | 綜合損益表 | | 73 | 綜合全面收益表 | | 74 | 綜合財務狀況表 | | 76 | 綜合權益變動表 | | 77 | 綜合現金流量表 | | 79 | 綜合財務報表附註 | | 147 | 五年財務概要 | | 148 | 詞彙 | 中國 宏鑫貴金屬精煉 香港 加拿大 阿根廷 NTE Discovery Park 卑詩省 薩爾塔省 High Luck Group ...

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 何部分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。 | --- | --- | --- | |------------------------------------------------------------------------------------------------------|-------------------------------|-------------------------------| | | | | | 財務摘要 | 截至二零二三年 十二月三十一日 | 截至二零二二年 十二月三十一日 | | | 止年度 | 止年度 | | | 百萬港元 | 百萬港元 | | 收益 | 26,150.2 | 20,913.2 | | 除稅前（ 虧損）╱溢利 | (159.6) | 300.7 | | 經調整 EBITDA （「 EBITDA 」） | 167.0 | 45 ...

Financial Performance - The company reported a loss of HKD 34.3 million for the six months ended June 30, 2023, compared to a profit of HKD 236.7 million in the same period of 2022[12]. - The company recorded a profit of HKD 57.9 million for the first half of 2023, despite a significant drop in natural gas commodity prices compared to the same period in 2022[45]. - For the six months ended June 30, 2023, the company reported revenue of HKD 16,602.2 million, a slight increase from HKD 16,587.3 million in the same period of 2022[6]. - Gross profit for the same period was HKD 14.9 million, significantly down from HKD 294.9 million year-on-year[6]. - The company recorded a net profit of HKD 57.9 million, a decrease of 73.1% compared to HKD 214.9 million in the previous year[6]. - Other income and gains amounted to HKD 139.0 million, a substantial increase from HKD 1.0 million in the previous year[6]. - The company experienced a pre-tax profit of HKD 69.3 million, down from HKD 229.1 million year-on-year[6]. - The total comprehensive income for the period was HKD 100.7 million, compared to HKD 172.9 million in the same period last year[130]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to HKD 2,327.4 million, up from HKD 2,165.4 million at the end of 2022[12]. - Reported liabilities increased to HKD 796.8 million from HKD 726.2 million year-on-year[12]. - The company’s cash and bank balances were HKD 239.9 million, slightly down from HKD 240.9 million at the end of 2022[12]. - The company’s trade receivables decreased to HKD 68.6 million as of June 30, 2023, from HKD 103.9 million as of December 31, 2022[29]. - The company’s current liabilities increased to HKD 244.2 million as of June 30, 2023, compared to HKD 166.7 million as of December 31, 2022[29]. - Total equity increased to HKD 1,435.2 million from HKD 1,321.6 million, reflecting a growth of 8.6%[141]. Investment and Capital Expenditure - The company’s investment properties were valued at HKD 219.2 million as of June 30, 2023[12]. - The new precious metals refining plant, with an annual processing capacity of approximately 50 tons of 99.99% gold, is expected to commence trial operations in August 2023, which is anticipated to enhance profitability[47]. - The company’s capital expenditure included new exploration and evaluation assets amounting to HKD 30.6 million for the six months ended June 30, 2023, compared to HKD 17.8 million in the same period of 2022[185]. Dividends and Share Repurchase - The company did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year[25]. - The company repurchased a total of 67,104,000 shares at a total cost of HKD 7.8 million during the six months ended June 30, 2023[109]. - The company believes that the share repurchase will enhance earnings per share and increase net asset value per share for shareholders[109]. Operational Efficiency and Future Outlook - The company is actively seeking process efficiency improvements and cost optimization opportunities to maximize financial performance, including renegotiating fees for gas pipelines and reducing carbon emissions[49]. - The company expects natural gas commodity prices to rebound in the second half of 2023, leading to higher profit levels[45]. - The company aims to improve its oil and gas business performance in Canada and Argentina, anticipating stronger energy commodity prices for the remainder of 2023[58]. Governance and Compliance - The company plans to appoint at least one female board member by the end of 2023 to comply with the new listing rules[106]. - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors[100]. - The company has maintained good relationships with suppliers, customers, and government entities, with no significant disputes reported for the six months ended June 30, 2023[80]. Financial Risk Management - Financial risk management policies have remained unchanged since the end of the last fiscal year, addressing market, credit, and liquidity risks[170]. - The company’s financial risk factors include market risk, credit risk, and liquidity risk, which are not fully detailed in the mid-year financial report[169].

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 何部分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。 NEW TIMES ENERGY CORPORATION LIMITED 新 時 代 能 源 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：00166） 截至二零二三年六月三十日止六個月之中期業績公告 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 收益（百萬港元） 16,602.2 10,402.8 除稅前溢利（百萬港元） 69.3 229.1 期內溢利（百萬港元） 57.9 214.9 每股盈利– 基本（港仙） 0.66 2.45 董事會不建議就截至二零二三年六月三十日止六個月派付任何中期股息。 ...

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分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。 有關 截至二零二二年十二月三十一日止年度之年報 之補充公告 茲提述新時代能源有限公司（「本公司」，連同其附屬公司統稱為「本集團」）於二零二三年四月二十 六日刊發截至二零二二年十二月三十一日止年度之年報（「二零二二年年報」）。除本公告另有界定外， 本公告所用詞彙應與二零二二年年報所界定者具有相同涵義。 根據上市規則附第17.07(2)條，董事會謹此澄清，於二零二二年一月一日及二零二二年十二月三十一日， 根據購股權計劃可授予的購股權總數分別為零份（因為購股權計劃已於二零二二年六月二十三日於本公司 股東週年大會上獲本公司股東有條件批准）及745,888,098份， 而誠如二零二二年年報第35頁所述，根據 購股權計劃可授予的購股權總數為745,888,098份，約佔本公司於二零二二年年報日期之已發行股份總數的 8.47%。 根據上市規則第17.07(3)條，董事會謹此澄清，於截至二零二二年十二月三十一日止財政年 ...