Financial Performance - The Group recorded a loss attributable to owners of the Company of approximately HK$756.7 million for Year 2024, a decrease of 20.1% compared to HK$947.4 million in Year 2023[6] - Basic loss per share improved to HK$0.3283 in Year 2024 from HK$0.4111 in Year 2023, reflecting a 20.1% reduction[6] - The Group recorded a loss attributable to shareholders of approximately HK$756,743,000 for the fiscal year 2024, compared to a loss of approximately HK$947,409,000 in 2023, resulting in a basic loss per share of 32.83 HK cents (2023: 41.11 HK cents) [17] - Other income, gains, and losses decreased from approximately HK$258,946,000 for Year 2023 to approximately HK$45,698,000 for Year 2024, primarily due to a decrease in interest income from HK$202,694,000 to HK$56,538,000[44] - The Group's share of losses from joint ventures increased from approximately HK$83,071,000 for Year 2023 to approximately HK$112,325,000 for Year 2024, an increase of about 35.2%[47] - The finance costs of the Group increased from approximately HK$342,422,000 for Year 2023 to approximately HK$439,055,000 for Year 2024, an increase of about 28.2%[55] - The impairment of financial assets, net, decreased from approximately HK$489,129,000 for Year 2023 to approximately HK$102,257,000 for Year 2024, a reduction of about 79.1%[53] - The loss from the fair value of investment properties increased from approximately HK$63,646,000 for Year 2023 to approximately HK$72,301,000 for Year 2024, an increase of about 13.4%[54] Assets and Liabilities - Net assets decreased by 24.4% to HK$2,634.8 million in 2024 from HK$3,486.4 million in 2023[6] - Total assets declined by 9.2% to HK$7,059.2 million in 2024 compared to HK$7,771.1 million in 2023[6] - Cash and bank balances significantly dropped by 91.4% to HK$4.9 million in 2024 from HK$57.3 million in 2023[6] - The gearing ratio increased to 148.30% in 2024 from 113.85% in 2023, marking a rise of 30.3%[6] - The current ratio decreased by 17.3% to 0.67x in 2024 from 0.81x in 2023[6] - As of December 31, 2024, the Group's total borrowings amounted to approximately HK$3,445,720,000, a decrease from HK$3,551,936,000 in 2023[70] - The Group's cash and bank balances decreased significantly from HK$57,333,000 in 2023 to HK$13,426,000 in 2024[65] - The Group's net borrowings were approximately HK$3,440,812,000 in 2024, down from HK$3,494,603,000 in 2023[70] - The Group's outstanding borrowings included approximately HK$2,215 million that were not repaid by the scheduled repayment date[76] Investment and Business Strategy - The Group plans to expand its investments in the new energy sector, focusing on photovoltaics, energy storage, and charging stations, amid severe price competition in the photovoltaic industry [19] - The Group's joint venture, Beijing Lingjun, achieved significant progress in R&D, including breakthroughs in heterojunction cells, meeting production capacity, yield rate, and battery efficiency targets [19] - By the end of 2024, the Group had over 40 distributed photovoltaic power generation reserve projects, covering more than 500,000 square meters of rooftop area, with a forecasted installed capacity exceeding 70 MW [19] - The Group aims to capture returns from its financial asset investments while closely monitoring market conditions and adjusting investment strategies as necessary [28] - The Group plans to diversify into short-term rentals to increase operating income alongside existing long-term tenancies[33] - The Group aims to establish a professional team to expand into the new energy business, focusing on photovoltaics, storage, and charging[34] Loan and Credit Management - The Group's outstanding loan receivables amounted to approximately HK$1,770,209,000, a decrease from HK$1,894,369,000 as of December 31, 2023[93] - The Group's gross loan receivables totaled approximately HK$2,235,818,000 as of December 31, 2024, down from HK$2,352,282,000 in the previous year[97] - The ageing analysis indicated that as of December 31, 2024, HK$1,677,127,000 of loan receivables were overdue for more than 365 days[102] - The Group has not taken legal action against borrowers despite their inability to repay loans on original maturity dates, opting instead for proposed repayment plans[103] - The Group plans to enhance measures for loan recovery to improve financial resources and efficiency[95] - The credit quality of Relevant Loan Receivables deteriorated, leading to an increase in amounts categorized into stage 2 and stage 3 under the Expected Credit Loss (ECL) model in Year 2024[115] Corporate Governance and Compliance - The Company complied with all applicable code provisions of the Corporate Governance Code throughout Year 2024, except for the separation of the roles of chairman and chief executive officer[149] - An independent Special Investigation Committee was established on March 18, 2024, to investigate the Loan Agreements and their approval process[119] - The investigation was initiated voluntarily in response to recommendations from the Company's auditor and regulatory bodies[122] - Further details of the investigation and its findings will be disclosed in the Company's announcement dated December 27, 2024[126] Employee and Operational Management - The Group's overall staff costs amounted to approximately HK$53,841,000 for Year 2024, down from HK$62,814,000 in Year 2023, reflecting a reduction in employee count from 55 to 45[142] - The Group has not experienced significant problems with employee retention or recruitment, maintaining a good relationship with its employees[144] - The Group values its employees and implements non-discriminatory hiring practices while ensuring a safe workplace[199] Future Outlook - The Group aims to maintain a strong financial position to prepare for future investment opportunities while maximizing shareholder interests[147] - Significant uncertainties exist regarding the Group's ability to implement plans for disposing of outstanding loan receivables and obtaining new financing[85]

3月31日，截至港股收盘，恒生指数下跌1.31%，报23119.58点。银建国际（00171.HK）收报0.084港元/ 股，上涨9.09%，成交量72.75万股，成交额5.61万港元，振幅10.39%。 最近一个月来，银建国际累计跌幅7.23%，今年来累计跌幅12.5%，跑输恒生指数16.78%的涨幅。 财务数据显示，截至2024年12月31日，银建国际实现营业总收入1.25亿元，同比减少62.04%；归母净利 润-7.01亿元，同比增长20.12%；资产负债率62.68%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，地产行业市盈率（TTM）平均值为4.04倍，行业中值-0.17倍。银建国际市盈率-0.23 倍，行业排名第230位；其他百仕达控股（01168.HK）为0.31倍、恒达集团控股（03616.HK）为1.71 倍、美联集团（01200.HK）为2.42倍、中国新城市（01321.HK）为2.48倍、瑞森生活服务 （01922.HK）为2.82倍。 资料显示，银建国际控股集团有限公司(下称"银建国际")注册成立于1960年1月27日,于1973年2月23日于 香港联合交易所 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a rental income of HKD 289,421,000, a decrease of 9.8% from HKD 296,958,000 in 2023[3]. - The company incurred a net loss of HKD 784,569,000 for the year, compared to a net loss of HKD 956,276,000 in the previous year, representing a 17.9% improvement[3][6]. - The company reported a total comprehensive loss of HKD 851,645,000, compared to HKD 999,402,000 in the previous year, reflecting a 14.8% improvement[6]. - The company reported a pre-tax loss of HKD 802,136,000 for 2024, compared to a pre-tax loss of HKD 972,285,000 in 2023, indicating a reduction in losses[16][17]. - The group recorded a net loss of approximately HKD 785 million for the year ended December 31, 2024, compared to a net loss of approximately HKD 956 million for 2023[30]. - The loss attributable to the company's owners decreased by approximately 20.1% from HKD 947,409,000 in 2023 to HKD 756,743,000 in 2024[51]. Assets and Liabilities - Total non-current assets decreased to HKD 4,227,628,000 from HKD 4,538,637,000, reflecting a decline of 6.9%[7]. - The company's total liabilities increased to HKD 4,223,476,000, up from HKD 4,013,534,000, marking a rise of 5.2%[7]. - The net asset value decreased to HKD 2,634,789,000 from HKD 3,486,434,000, a decline of 24.5%[8]. - As of December 31, 2024, the group's net current liabilities amounted to approximately HKD 1,392 million, with cash and bank balances around HKD 5 million[9]. - The total borrowings of the group as of December 31, 2024, amount to approximately HKD 3,445,720,000, down from HKD 3,551,936,000 in 2023, a reduction of 3.0%[62]. - The group's debt-to-equity ratio is 148% as of December 31, 2024, up from 114% in 2023, indicating increased leverage[64]. Cash Flow and Liquidity - The company’s cash and bank balances decreased to HKD 4,908,000 from HKD 57,333,000, a decline of 91.5%[7]. - The current ratio of the group is 0.67x as of December 31, 2024, down from 0.8x in 2023, reflecting a decline in liquidity[64]. - The group has approximately HKD 2,215,000,000 in overdue borrowings as of the reporting date, which has led to a court order freezing certain bank balances and assets[65]. - The group has outstanding overdue other borrowings of approximately HKD 191 million, which have led to a court order freezing certain bank balances and assets in mainland China[9]. - The group believes that the freezing of assets will not have a significant impact on its financial condition and operations[66]. Operational Developments - The group plans to continue selling outstanding receivables and interest on loans, as well as accelerating the sale of financial asset investments, including equity investments and non-performing asset portfolios[11]. - The group is in discussions with banks and other lenders regarding refinancing of borrowings[11]. - The group has fully withdrawn from non-performing asset investments and asset management businesses in 2024, focusing resources on new energy project investments[45]. - The company plans to expand its investment in the new energy sector, focusing on photovoltaic, energy storage, and charging pile projects[42]. - The company’s new energy business has made progress in technology research and development, production management, and sales management despite market challenges[43]. Employee and Administrative Expenses - The total employee cost for the group in 2024 was approximately HKD 53,841,000, down from HKD 62,814,000 in 2023, reflecting a decrease of approximately 14.4%[79]. - The group's administrative expenses decreased from approximately HKD 165,030,000 in 2023 to approximately HKD 105,930,000 in 2024, attributed to cost control measures and a reduction in consulting and legal fees from approximately HKD 38,253,000 to approximately HKD 20,108,000[52]. Investment and Future Plans - The company has over 40 distributed photovoltaic power generation reserve projects, covering more than 500,000 square meters of rooftop area, with a predicted installed capacity exceeding 70 GW[43]. - The group aims to strengthen its core business in the "light, storage, and charging" new energy sector, positioning it as a key growth point for sustainable development[50]. - The group plans to diversify its short-term rental business to increase operational income while maintaining communication with key customer groups[49]. Audit and Compliance - The independent auditor's report indicates a lack of sufficient appropriate audit evidence to provide a basis for an audit opinion on the consolidated financial statements[29]. - The financial data for the group's 2024 consolidated financial statements has been verified by Zhonghui Anda CPA[92]. - The audit committee has reviewed and accepted the group's annual performance for 2024[88]. Dividends and Shareholder Matters - The group has not declared or recommended any dividends for the year ended December 31, 2024, consistent with 2023[27]. - The board of directors has resolved not to recommend the payment of a final dividend for the year ended 2024, consistent with no dividend declared for the year ended 2023[82].

Financial Performance - The company reported a loss attributable to owners of HK$307 million for the six months ended June 30, 2024, representing a 226.6% increase compared to the previous year[4]. - Basic loss per share was HK$0.1332, reflecting a 225.7% increase from HK$0.0409 in the same period last year[4]. - The loss attributable to the owners of the Company increased by approximately 226% from approximately HK$94,260,000 for Period 2023 to approximately HK$306,999,000 for Period 2024[26]. - The basic loss per share attributable to ordinary equity holders increased from 4.09 HK cents for Period 2023 to 13.32 HK cents for Period 2024[26]. - The loss before taxation for the period was HK$341,336,000, compared to a loss of HK$76,681,000 in the prior year[84]. - The company reported a loss for the period of HK$334,873,000, compared to a loss of HK$69,595,000 in the same period last year[84]. - Total comprehensive loss for the period amounted to HK$361,862,000, up from HK$183,508,000 in the previous year, reflecting a worsening financial position[86]. Assets and Liabilities - Net assets decreased to HK$3,125 million, down 27.5% from HK$4,311 million in 2023[4]. - Total assets were reported at HK$7,489 million, a decline of 17.6% from HK$9,086 million in the previous year[4]. - Non-current assets decreased to HK$4,385,067,000 as of June 30, 2024, from HK$4,538,637,000 at the end of 2023, showing a decline of approximately 3.4%[87]. - Current liabilities increased to HK$4,130,220,000, compared to HK$4,013,534,000 at the end of 2023, representing a rise of about 2.9%[88]. - The total equity decreased to HK$3,124,572,000 as of June 30, 2024, down from HK$3,486,434,000 at the end of 2023, indicating a decline of about 10.4%[88]. - The company reported a total of HK$1,811,675,000 in loan receivables, down from HK$1,894,369,000 at the end of 2023, showing a decrease of approximately 4.3%[87]. Liquidity and Financial Ratios - The current ratio decreased to 0.8x, down from 1.8x, indicating a 55.6% decline in liquidity[4]. - The gearing ratio increased to 125.65%, up 30.1% from 96.55% in the previous year[4]. - The interest coverage ratio was 0.3x, down 40.0% from 0.5x in the previous year[4]. - The Group's liquidity position is closely monitored to ensure adequate liquidity for funding requirements at all times[39]. - The Group aims to improve liquidity by accelerating the realization of mature investments and reducing the proportion of medium and long-term investments[19]. Revenue and Income - Rental income from the property leasing business decreased by approximately 9.0% to HK$46,961,000 during Period 2024, compared to HK$51,611,000 in Period 2023[21]. - The Group's rental income for Period 2024 amounted to approximately HK$46,961,000, representing a decrease of approximately 9% from HK$51,611,000 in Period 2023[27]. - Other income, gains, and losses decreased from approximately HK$158,223,000 for Period 2023 to approximately HK$38,337,000 for Period 2024[30]. - Interest income on loan receivables decreased from approximately HK$153,535,000 for Period 2023 to approximately HK$36,133,000 for Period 2024 due to the cessation of accruing interest on overdue loans[26]. Investments and Strategic Focus - The Group has shifted its investment focus towards distributed photovoltaic power generation projects and electric vehicle charging pile projects, scaling down non-performing asset investments[14]. - The Group aims to diversify investments into the new energy industry, focusing on "photovoltaics, storage, and charging" sectors[24]. - The Group's investment management team regularly reviews the progress of existing equity investment projects to ensure timely exits[14]. - The Group's investment in the NT Trust Scheme amounted to RMB 505,000,000 (approximately HK$ 553,122,000), representing about 2.8% of total assets as of June 30, 2024[17]. Governance and Compliance - The Company complied with all applicable code provisions of the Corporate Governance Code throughout the period 2024, with noted deviations regarding the roles of chairman and chief executive officer[70]. - The Group's unaudited condensed consolidated financial statements for Period 2024 were reviewed and accepted by the audit committee on August 28, 2024[71]. - All independent non-executive directors have served more than nine years on the board, and the company is in the process of identifying a new independent director[71]. Employee and Operational Metrics - Total employee benefit expenses for the period 2024 were approximately HK$23,173,000, down from approximately HK$29,627,000 for the period 2023[63]. - The Group employed 53 employees as of June 30, 2024, a decrease from 55 employees as of December 31, 2023[63]. - The Board resolved not to declare any interim dividend for the six months ended June 30, 2024, consistent with the previous period[65]. Market Conditions and Economic Factors - China's GDP achieved a 5% year-on-year growth during the first half of 2024, despite facing deflationary pressures[8]. - The offshore Renminbi depreciated approximately 2.5% against the US dollar during the six months ended June 30, 2024[8]. - The photovoltaic industry in China experienced overall sales below expectations due to declining market conditions during Period 2024[10]. Legal and Regulatory Matters - A court order was issued in June 2024 to freeze certain bank balances and assets due to non-payment of overdue borrowings[54]. - The company has been actively negotiating with lenders for the extension of repayment dates for certain borrowings and has entered into an agreement to assign rights related to 54 loans totaling approximately HK$2,429 million[95].

Financial Performance - Rental income for the six months ended June 30, 2024, was HKD 46,961,000, a decrease of 8.5% from HKD 51,611,000 in the same period of 2023[2] - Total comprehensive loss for the six months ended June 30, 2024, was HKD 361,862,000, compared to a loss of HKD 183,508,000 in the same period of 2023, representing a significant increase in losses[3] - The company reported a pre-tax loss of HKD 341,336,000 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 76,681,000 in the same period of 2023, indicating a worsening financial performance[2] - The company reported a net loss of HKD 334,873,000 for the six months ended June 30, 2024, compared to a net loss of HKD 69,595,000 for the same period in 2023[16] - The company’s basic and diluted loss per share for the six months ended June 30, 2024, was HKD 13.32, compared to HKD 4.09 in the same period of 2023, reflecting a deterioration in earnings per share[2] - The company reported a significant increase in financial expenses, totaling HKD 245,353,000 for the six months ended June 30, 2024, compared to HKD 195,263,000 in the same period of 2023[2] - Other income, gains, and losses dropped significantly from approximately HKD 158.22 million in 2023 to about HKD 38.34 million in 2024, mainly due to the reduction in recognized interest income from overdue loans[40] - The share of losses from joint ventures turned from a profit of about HKD 45.31 million in 2023 to a loss of approximately HKD 93.95 million in 2024, primarily due to the poor performance of a joint venture in the oil processing sector[44] Asset and Liability Management - Non-current assets totaled HKD 4,385,067,000 as of June 30, 2024, down from HKD 4,538,637,000 as of December 31, 2023, reflecting a decrease in asset value[4] - Current liabilities increased to HKD 4,130,220,000 as of June 30, 2024, compared to HKD 4,013,534,000 as of December 31, 2023, indicating a rise in short-term obligations[4] - The net asset value decreased to HKD 3,124,572,000 as of June 30, 2024, from HKD 3,486,434,000 as of December 31, 2023, showing a decline in equity[6] - The group’s total borrowings amounted to approximately HKD 3,508,877,000 as of June 30, 2024, compared to HKD 3,551,936,000 on December 31, 2023[49] - The net borrowings after deducting cash and bank balances were HKD 3,447,085,000 as of June 30, 2024, down from HKD 3,494,603,000 at the end of 2023[49] - The group has outstanding loans of approximately HKD 194,000,000 that were not repaid by the scheduled repayment date, and loans of approximately HKD 2,825,000,000 due in over a year have been reclassified as current liabilities[52] Cash Flow and Liquidity - The company’s cash and bank balances increased to HKD 61,792,000 as of June 30, 2024, compared to HKD 57,333,000 as of December 31, 2023, indicating improved liquidity[4] - As of June 30, 2024, the group's cash and bank balance was approximately HKD 62 million, while total liabilities amounted to approximately HKD 3,468 million[7] - The group plans to improve liquidity by accelerating the collection of outstanding receivables and selling financial asset investments[51] - The board has reviewed cash flow forecasts covering at least twelve months from June 30, 2024, and believes the group will have sufficient working capital to meet its financial obligations[54] Investment and Strategic Initiatives - The group plans to continue selling outstanding receivables and interest on receivables to manage working capital and improve financial conditions[8] - The group aims to expedite the disposal of financial asset investments, including equity investments and non-performing asset portfolios[8] - The group is focusing on investments in distributed photovoltaic projects and electric vehicle charging pile projects, achieving a good start[32] - The company plans to diversify investments in the new energy sector, focusing on photovoltaic technology and upgrading traditional oil refining products[37] Corporate Governance and Compliance - The financial statements for the six months ended June 30, 2024, were prepared in accordance with Hong Kong Financial Reporting Standards and the applicable disclosure requirements of the Listing Rules[11] - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[26] - The company has complied with all applicable corporate governance codes during the review period[61] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial results for the six months ended June 30, 2024[66]

Financial Performance - The Group recorded a loss attributable to owners of the Company of approximately HK$947.4 million for Year 2023, compared to a loss of approximately HK$734.6 million for Year 2022, representing a 29.0% increase in loss [15]. - Basic loss per share for Year 2023 was HK$0.4111, an increase of 29.0% from HK$0.3187 in Year 2022 [7]. - The Group recorded a loss attributable to shareholders of approximately HK$947,409,000 for the year 2023, compared to a loss of approximately HK$734,563,000 for the year 2022, resulting in a basic loss per share of 41.11 HK cents (2022: 31.87 HK cents) [17]. - Other income, gains, and losses decreased from approximately HK$467,687,000 for Year 2022 to approximately HK$258,946,000 for Year 2023, primarily due to a decrease in aggregate interest income from approximately HK$455,174,000 to approximately HK$202,694,000 [50]. - The impairment of financial assets increased from approximately HK$251,580,000 for Year 2022 to approximately HK$489,129,000 for Year 2023, mainly due to a provision increase of approximately HK$172,452,000 on loan receivables [57]. - The loss from the fair value of investment properties decreased from approximately HK$208,156,000 for Year 2022 to approximately HK$63,646,000 for Year 2023 [55]. - The Company resolved not to recommend the payment of a final dividend for the year 2023, consistent with the previous year where no dividend was declared [164]. Assets and Liabilities - Net assets decreased by 22.4% to HK$3,486.4 million in 2023 from HK$4,494.5 million in 2022 [7]. - Total assets also decreased by 22.4% to HK$7,771.1 million in 2023 from HK$10,018.8 million in 2022 [7]. - Cash and bank balances fell by 41.2% to HK$57.3 million in 2023 from HK$97.5 million in 2022 [7]. - The Group's total borrowings amounted to approximately HK$3,551,936,000, with short-term borrowings at HK$3,485,049,000 and long-term borrowings at HK$66,887,000 [79]. - The Group's cash and bank balances as of December 31, 2023, were HK$57,333,000, down from HK$772,331,000 in 2022 [75]. - The Group's outstanding loan receivables amounted to approximately HK$1,894,369,000 as of December 31, 2023, down from HK$2,246,377,000 in the previous year [104]. - The Group's gross loan receivables amounted to approximately HK$2,352,282,000, a slight decrease from HK$2,395,699,000 as of December 31, 2022 [109]. Financial Ratios - The gearing ratio increased to 113.85% in 2023 from 98.76% in 2022, reflecting a 15.3% rise [7]. - The current ratio declined significantly by 56.9% to 0.81x in 2023 from 1.88x in 2022 [7]. - The Group's gearing ratio increased to 114% as of December 31, 2023, from 99% as of December 31, 2022, indicating a higher level of leverage [85]. - The current ratio decreased to 0.8x as of December 31, 2023, down from 1.9x as of December 31, 2022, reflecting a decline in liquidity [85]. Economic Environment - The macroeconomic environment in 2023 was complex, influenced by extreme weather, AI developments, regional conflicts, and Sino-US relations, impacting the global economy and China's domestic demand [16]. - Despite challenges, China's economy remained a significant contributor to global growth in 2023 [16]. Investment Activities - The Group made investments totaling RMB505,000,000 (approximately HK$557,419,000) into the NT Trust Scheme, which focuses on property development investments in Zhuozhou and Shenyang [31]. - The Group is focusing on investments in the new energy industry, particularly in distributed photovoltaic projects and electric vehicle charging pile projects [22]. - The Group's strategic adjustments include scaling down non-performing asset investments and redirecting focus to equity investments in the new energy sector [28]. - The Group plans to increase investments in the "photovoltaics, storage, and charging" sectors within the new energy industry to support sustainable development [41]. Joint Ventures and Operations - The joint venture Zhong Hai You Qi successfully achieved its production and operation goals for 2023 despite challenges such as volatile international crude oil prices and declining chemical product prices [19]. - Zhong Hai You Qi implemented a diversified sales model, leading to a stable increase in customer numbers and improved delivery speed, which helped stabilize its market share [20]. Loan Management and Credit Risk - The Group recorded an impairment loss provision of approximately HK$310,200,000 for the Relevant Loan Receivables in 2023, compared to HK$137,748,000 in 2022 [120]. - The ageing analysis indicated that HK$1,547,742,000 of loan receivables were overdue by more than 365 days as of December 31, 2023 [114]. - The Group plans to enhance its measures for recovering loans and receivables to improve efficiency and financial resources [107]. - The Group's loan receivables have fixed terms ranging from 2 months to 2 years, with interest rates between 4.75% and 20% per annum [104]. Corporate Governance and Management - The company complied with all applicable corporate governance code provisions throughout 2023, except for the separation of the roles of chairman and chief executive officer [165]. - The executive team has a strong background in property development and financial management, enhancing the company's strategic direction [181]. - The management team emphasizes risk management and compliance as critical components of their operational strategy [184]. - The leadership's diverse expertise is expected to drive future growth and innovation within the company [184].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported a total rental income of HKD 96,958,000, a slight increase from HKD 96,884,000 in 2022[4] - The company experienced a significant net loss of HKD 956,276,000 for 2023, compared to a net loss of HKD 742,658,000 in 2022, representing an increase in losses of approximately 28.8%[5] - The fair value loss on financial assets amounted to HKD 147,287,000, while the impairment loss on financial assets was HKD 489,129,000, indicating a challenging financial environment[4] - The company's net asset value decreased to HKD 3,486,434,000 in 2023 from HKD 4,494,513,000 in 2022, a decline of approximately 22.4%[7] - Basic and diluted loss per share for the year was HKD 41.11, compared to HKD 31.87 in 2022, indicating a worsening of the company's earnings per share[4] - The company reported a pre-tax loss of HKD 972,285,000 for 2023, compared to a pre-tax loss of HKD 795,269,000 in 2022, reflecting an increase in losses of approximately 22.3%[16][17] - The total revenue for 2023 was HKD 96,960,000, a decrease of 0.06% from HKD 97,020,000 in 2022[16] - The company incurred financial expenses of HKD 338,662,000 in 2023, down from HKD 525,933,000 in 2022, representing a reduction of approximately 35.5%[16][17] - The company reported a segment loss of HKD 419,172,000 for 2023, which is significantly higher than the segment loss of HKD 167,025,000 in 2022, indicating a deterioration in performance[16][17] - The company has reported a tax expense of HKD 16,009,000 for 2023, compared to a tax expense of HKD 52,611,000 in 2022, showing a decrease of approximately 69.6%[16][17] Assets and Liabilities - Total non-current assets decreased to HKD 4,538,637,000 in 2023 from HKD 4,847,922,000 in 2022, reflecting a decline of approximately 6.4%[6] - Current liabilities surged to HKD 4,013,534,000 in 2023, up from HKD 2,744,512,000 in 2022, marking an increase of about 46.2%[6] - Cash and bank balances were approximately HKD 57,000,000 as of December 31, 2023, highlighting liquidity challenges amid significant borrowings[9] - The company's total assets and liabilities may need to be adjusted if it fails to implement its plans, which could lead to further financial instability[11] - The company's total borrowings as of December 31, 2023, amounted to approximately HKD 3,551,936,000, with short-term borrowings increasing significantly from approximately HKD 1,388,974,000 in 2022 to approximately HKD 3,485,049,000 in 2023[65] - The company's cash and bank balances decreased from approximately HKD 97,517,000 in 2022 to approximately HKD 57,333,000 in 2023, with total cash and bank balances dropping from approximately HKD 772,331,000 to HKD 57,333,000[63] - The company's debt-to-equity ratio increased to 114% as of December 31, 2023, compared to 99% in 2022, indicating a higher leverage level[70] Going Concern and Financial Stability - The company is facing significant uncertainty regarding its ability to continue as a going concern, dependent on successful asset sales and continued support from lenders[11] - The company has significant uncertainty regarding its ability to continue as a going concern, with cash and cash equivalents of approximately HKD 57,000,000 against total interest-bearing borrowings of about HKD 3,485,000,000[32] - The company plans to improve liquidity by accelerating the collection and/or sale of outstanding receivables and selling financial asset investments, including equity investments and non-performing asset portfolios[70] - The company is actively negotiating refinancing options with banks and other financial institutions to manage its debt obligations[10] Strategic Initiatives and Investments - The company plans to invest in the renewable energy sector, focusing on distributed photovoltaic projects and electric vehicle charging stations, aiming to establish a competitive advantage in the "light, storage, and charging" business[41] - The company is in the process of selling financial asset investments and is seeking new financing sources to support its operations[36] - The company has adopted new and revised Hong Kong Financial Reporting Standards, which may impact future financial reporting but did not affect the current financial statements[15] - The company is adjusting its strategic deployment to support the petrochemical industry’s transition to fine chemicals while investing in renewable energy[41] Joint Ventures and Collaborations - A joint venture, Beijing Lingjun New Energy Technology Co., Ltd., achieved a milestone by successfully launching its first 5GW high-efficiency heterojunction battery and module project in September 2023, with mass production starting in October 2023[41] - The company’s joint venture, CNOOC (Taizhou) Petrochemical Co., Ltd., faced a decline in overall performance in 2023 due to a two-month shutdown for major repairs, despite achieving production goals[40] - The share of losses from joint ventures turned from a profit of approximately HKD 6,600,000 in 2022 to a loss of approximately HKD 68,937,000 in 2023, due to significant maintenance work at a joint venture, resulting in two months of production stoppage[59] Corporate Governance and Investigations - The company has established a special investigation committee to review loan transactions and the relationships with borrowers, which may impact the financial statements[37] - An independent special investigation committee was established on March 18, 2024, to investigate issues related to the company's receivables loan portfolio, which amounted to approximately RMB 2,201,000,000 as of December 31, 2023[86] - The special investigation committee is composed of independent non-executive directors, with Mr. Hong Mu Ming serving as the chairman[86] - A leading global professional services firm has been appointed to assist in the independent investigation of the loan agreements[86] - An independent legal advisor has also been appointed to provide guidance and legal support for the investigation[86] - The investigation is ongoing, and further details will be provided in announcements dated March 18 and March 19, 2024[86] Employee and Shareholder Matters - The total employee cost for the group in 2023 was approximately HKD 62.8 million, down from HKD 66.9 million in 2022, with a workforce of 55 employees as of December 31, 2023[78] - No dividends were declared or proposed for the year ended December 31, 2023, consistent with 2022[29] - The board has resolved not to recommend the payment of a final dividend for the year ended 2023, consistent with the previous year[80]

Property Leasing The rental income of the Group's property leasing business decreased by approximately 12.4% to approximately HK$51,611,000 in Period 2023, as compared to that of approximately HK$58,934,000 in Period 2022, mainly due to (i) the exchange loss on rental income arising from the depreciation of the Renminbi ("RMB") against the Hong Kong dollar ("HK$") in Period 2023; and (ii) a slight decline in the rental income as a result of the rent-free periods enjoyed by some new tenants of the Group in P ...

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。 SILVER GRANT INTERNATIONAL HOLDINGS GROUP LIMITED 銀建國際控股集團有限公司 （於香港註冊成立之有限公司） （股份代號：171） 中期業績公佈 2023 銀建國際控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公 司及其附屬公司（統稱為「本集團」）截至2023年6月30日止六個月之未經審核綜合 中期業績如下： ...

Financial Performance - The loss attributable to the owners of the Company decreased by approximately 49.4% from approximately HK$1,452,609,000 in 2021 to approximately HK$734,563,000 in 2022, with basic loss per share decreasing from 63.02 HK cents to 31.87 HK cents[20]. - The Group's fair value loss on investment properties increased from approximately HK$31,814,000 in 2021 to approximately HK$208,156,000 in 2022, mainly due to a decrease in the fair value of investment properties as of December 31, 2022[20]. - The Group's impairment of financial assets increased from approximately HK$950,000 in 2021 to approximately HK$251,580,000 in 2022, primarily due to an increase in expected credit loss of loan receivables[20]. - The Group recorded a loss attributable to owners of approximately HK$734,563,000 for Year 2022, compared to a loss of approximately HK$1,452,609,000 for Year 2021, with a basic loss per share of 31.87 HK cents for Year 2022 (2021: 63.02 HK cents)[65]. - The Group's loss from fair value financial assets increased from approximately HK$102,689,000 in 2021 to approximately HK$166,108,000 in 2022, primarily due to a 15.8% decline in the fair value of the NT Trust Scheme[86]. Revenue and Income - Rental income from the property leasing business increased by approximately 10.9% to approximately HK$96,884,000 in 2022, up from approximately HK$87,376,000 in 2021, primarily due to an increase in average occupancy rate from approximately 80% in 2021 to approximately 82% in 2022[12]. - Other income, gains, and losses increased from approximately HK$348,441,000 in Year 2021 to approximately HK$467,687,000 in Year 2022, primarily due to an increase in interest income from approximately HK$230,296,000 to approximately HK$410,508,000[83]. - The Group's rental income for Year 2022 amounted to approximately HK$96,884,000, representing an increase of approximately 10.9% compared to HK$87,376,000 in Year 2021[83]. Assets and Liabilities - As of December 31, 2022, the Group's net current assets were approximately HK$2,426 million, with interest-bearing borrowings and convertible bonds totaling approximately HK$1,431 million due within the next 12 months[7]. - The NT Trust Scheme represented approximately 3.9% of the total assets of the Group as of December 31, 2022, being the most significant financial asset investment[25]. - Net assets per share decreased to HK$1.75 in 2022 from HK$2.27 in 2021, a decline of 22.9%[39]. - Total assets attributable to owners of the company decreased by 13.4% to HK$10,018.8 million from HK$11,572.0 million[57]. - The Group's total cash and bank balances increased from approximately HK$141,205,000 in 2021 to approximately HK$772,331,000 in 2022[89]. Borrowings and Financial Obligations - The Group has been actively negotiating with lenders for an extension of repayment dates for outstanding borrowings totaling approximately HK$198 million as of December 31, 2022[7]. - The Group's total borrowings amounted to approximately HK$3,972,452,000, a decrease from HK$5,036,159,000 in 2021[112][129]. - Short-term borrowings increased significantly to HK$1,388,974,000 in 2022 from HK$541,037,000 in 2021[129]. - The Group's interest-bearing bank and other borrowings, totaling approximately HK$1,431 million, are due within the next 12 months, while cash and bank balances are approximately HK$98 million[149]. - The Group plans to expedite the collection of outstanding loan receivables and the disposal of financial asset investments to improve liquidity[135]. Strategic Focus and Investments - The Group has redirected its focus to equity investments, particularly in the new energy industry and its sub-sectors, as part of its strategic transformation[24]. - A joint venture was established with an independent third party for photovoltaic battery technology R&D in China[47]. - The company plans to support the expansion of R&D and manufacturing capabilities for the joint venture, Beijing Lingjun[47]. - The Group's investment strategy focuses on capturing returns from appreciation and income generation, with a commitment to prudent investment principles and monitoring of market conditions[68]. Economic Outlook - The outlook for 2023 anticipates a recovery in economic activity and domestic consumption in China[49]. - The Group anticipates that the full opening of China will create new opportunities for rebuilding the global economic order, which may alleviate pressures on global inflation[78]. - In 2023, the Group expects gradual restoration of market confidence and revival of economic activities, stimulating domestic consumption[79]. Corporate Governance and Stakeholder Engagement - The Board comprises five executive Directors, one non-executive Director, and three independent non-executive Directors, ensuring effective corporate governance[77]. - The company maintained a continuous dialogue with stakeholders, including customers, employees, regulators, and the public, to ensure long-term sustainability[56]. - The company emphasizes non-discriminatory hiring practices and aims to provide a safe and healthy workplace for its employees[56]. Employee and Operational Changes - The total employee cost for the group in 2022 was approximately HKD 66,933,000, down from HKD 76,641,000 in 2021[200]. - The group employed 66 employees as of December 31, 2022, a decrease from 84 employees as of December 31, 2021[200]. - Administrative expenses decreased from approximately HK$267,285,000 in Year 2021 to approximately HK$181,456,000 in Year 2022, mainly due to a reduction in staff costs following a reorganization in the PRC[83].