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]

Financial Performance - The rental income from the Group's property leasing business decreased by approximately 12.4% to approximately HK$51,611,000 in Period 2023, compared to approximately HK$58,934,000 in Period 2022[1]. - The loss attributable to the owners of the Company decreased from approximately HK$146,349,000 for Period 2022 to approximately HK$94,260,000 for Period 2023[8]. - Other income, gains, and losses decreased from approximately HK$277,560,000 for Period 2022 to approximately HK$158,223,000 for Period 2023[8]. - The loss from the fair value of financial assets at FVTPL decreased from approximately HK$108,892,000 for Period 2022 to approximately HK$48,037,000 for Period 2023[8]. - The basic loss per share attributable to ordinary equity holders of the Company was 4.09 HK cents for Period 2023, compared to 6.35 HK cents for Period 2022[10]. - The total comprehensive loss for the period was HK$183,508,000, compared to HK$336,258,000 in the same period last year, indicating a reduction of 45.5%[92]. - The company reported a loss for the period of HK$69,595,000, an improvement from HK$125,858,000 in the previous year[92]. - The Group's loss before taxation for the period was HK$94,260,000, compared to a loss of HK$146,349,000 in the same period last year, indicating an improvement[157]. Expenses and Costs - Finance costs incurred by the Group decreased from approximately HK$277,064,000 for Period 2022 to approximately HK$195,263,000 for Period 2023[8]. - Administrative expenses increased from approximately HK$46,479,000 in Period 2022 to approximately HK$64,641,000 in Period 2023, primarily due to the absence of financial guarantee liabilities provision written back in Period 2022[13]. - Direct operating expenses increased to HK$4,679,000 from HK$3,584,000, representing a rise of 30.5%[89]. - Total finance costs for the six months ended June 30, 2023, were HK$195,263,000, a decrease of 29.5% from HK$277,064,000 in 2022[144]. Assets and Liabilities - Cash and bank balances (excluding restricted bank balance) decreased from approximately HK$97,517,000 as of 31 December 2022 to approximately HK$34,772,000 as of 30 June 2023, primarily due to the settlement of certain other payables[24]. - As of June 30, 2023, total non-current assets amounted to HK$4,726,383, a decrease of 2.5% from HK$4,847,922 as of December 31, 2022[93]. - Current assets totaled HK$4,359,616, down 15.7% from HK$5,170,860 at the end of 2022[93]. - Total equity decreased to HK$4,311,005 from HK$4,494,513, reflecting a reduction of 4.1%[95]. - The total amount of unsecured bank loans was approximately HK$36,877,000 as of June 30, 2023, compared to HK$33,595,000 as of December 31, 2022[198]. Borrowings and Financing - As of June 30, 2023, the Group's total borrowings amounted to approximately HK$3,783,251,000, a decrease from HK$3,972,452,000 as of December 31, 2022[34]. - Short-term borrowings increased to HK$1,687,568,000 from HK$1,388,974,000, while long-term borrowings decreased to HK$2,095,683,000 from HK$2,541,766,000[35]. - The Group's gearing ratio was 97% as of June 30, 2023, compared to 99% at the end of 2022, indicating a slight improvement in leverage[44]. - The Group is negotiating with lenders for the refinancing of certain borrowings to manage financial obligations[99]. Employee and Corporate Governance - The total employee benefit expenses for the period 2023 were approximately HK$29,627,000, compared to approximately HK$29,579,000 for the period 2022[59]. - The Company did not declare any interim dividend for the six months ended June 30, 2023, consistent with the previous period where no dividend was declared[67]. - The Company has complied with all code provisions of the Corporate Governance Code throughout the review period, except for the separation of roles of chairman and chief executive officer[75]. - The Group employed 63 employees as of June 30, 2023, down from 66 employees as of December 31, 2022[59]. Market Position and Strategy - The Group aims to strengthen its position in the market by focusing on the mixed-ownership reform and expanding into overseas markets[5]. - The Group's property management team has implemented various measures to maintain occupancy and rental income stability[1]. Fair Value and Investments - The fair value of unlisted equity securities and unlisted funds was adjusted to HK$433 million as of June 30, 2023, down from HK$475 million as of December 31, 2022[74]. - The fair value of the non-performing asset portfolio was estimated at HK$304 million as of June 30, 2023, compared to HK$408 million as of December 31, 2022[74]. - The fair value of the liability component of convertible bonds was estimated by discounting expected future cash flows using an equivalent market interest rate[71]. Risks and Uncertainties - There are inherent uncertainties regarding the Group's ability to generate adequate cash flows to continue as a going concern[101]. - The Group's ability to continue operations depends on the support from existing lenders and successful implementation of financial plans[101].

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].

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，並明確表示概不就因本公佈全部或任何部 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。 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） 截至 年 月 日止年度 2022 12 31 年度業績公佈 銀建國際控股集團有限公司（「本公司」或「銀建」，連同其附屬公司，統稱為「本集 團」）董事（「董事」）會（「董事會」）欣然宣佈本集團截至2022年12月31日止年度（「2022 年度」）之綜合業績如下： ...

Financial Performance - Loss attributable to owners of the company for the six months ended June 30, 2022, was HK$146 million, a decrease of 41.8% compared to HK$251 million in the same period of 2021[6]. - Basic loss per share improved to HK(6.35) cents, a 41.7% reduction from HK(10.90) cents in the previous year[6]. - The loss attributable to the owners of the Company decreased to approximately HK$146,349,000 for 2022 from approximately HK$251,333,000 for 2021[34]. - Loss before taxation improved to HK$132,828,000 from HK$343,425,000, indicating a reduction of 61.2%[134]. - The company reported a net loss for the period of HK$125,858,000, down from HK$350,953,000 in the same period of 2021[136]. - The Group's loss before taxation for the six months ended June 30, 2022, was HK$146,349,000, compared to a loss of HK$251,333,000 for the same period in 2021[195]. Assets and Liabilities - Total assets increased by 7.2% to HK$11,653 million as of June 30, 2022, compared to HK$10,867 million in 2021[6]. - Net assets decreased by 23.8% to HK$5,382 million from HK$7,060 million year-on-year[6]. - The company's equity attributable to owners decreased by 22.2% to HK$4,918 million from HK$6,325 million[6]. - The Group's total net assets as of June 30, 2022, were approximately HK$5,381,975,000, with total net current assets of approximately HK$2,158,237,000[92]. - Total current liabilities were HK$2,402,279, reflecting an increase of 1.8% from HK$2,359,152 as of December 31, 2021[142]. - The Group's cash and bank balances were approximately HK$113,469,000 as of June 30, 2022, down from HK$141,205,000 as of December 31, 2021[48]. Revenue and Income - For the six months ended June 30, 2022, total revenue was HK$59,070,000, an increase from HK$43,574,000 in the same period of 2021, representing a growth of 35.5%[165]. - Rental income from the property leasing business increased by approximately 35.25% to approximately HK$58,934,000 for 2022, up from approximately HK$43,574,000 for 2021[29]. - The increase in other income, gains, and losses rose from approximately HK$155,684,000 in 2021 to approximately HK$277,560,000 in 2022, primarily due to increased interest income from loan receivables[38]. - Interest income (excluding bank deposits) rose from approximately HK$153,431,000 in 2021 to approximately HK$244,247,000 in 2022, mainly due to increased interest from loan receivables[38]. Borrowings and Financing - As of June 30, 2022, the Group's total borrowings amounted to approximately HK$5,455,668,000, an increase from HK$5,036,159,000 as of December 31, 2021[44]. - The composition of borrowings includes short-term borrowings of HK$541,024,000, long-term borrowings of HK$3,575,518,000, and convertible bonds of HK$1,339,126,000[45]. - The Group's interest-bearing bank and other borrowings, along with convertible bonds, totaled approximately HK$1,880,150,000 due within the next 12 months, while cash and bank balances were approximately HK$90,077,000[53]. - The Group had outstanding convertible bonds due in July 2022 with an aggregate principal amount of HK$1,150,000,000, bearing interest at 7% per annum[48]. Cost Management - Administrative expenses decreased from approximately HK$93,717,000 in 2021 to approximately HK$46,479,000 in 2022, mainly due to corporate restructuring and absence of certain costs[40]. - The Group plans to accelerate the realization of mature investments and reduce inefficient investments in response to potential economic recession and market volatility[28]. - The management team of Zhong Hai You Qi has focused on effective cost reduction and efficiency enhancement during Period 2022[15]. Shareholder Information - The company maintained 2,304,849,611 ordinary shares issued and fully paid as of June 30, 2022, with a market closing price of HK$0.4 per share[8]. - Mr. Chu held a long position of 681,240,022 shares, representing approximately 29.56% of the issued shares as of June 30, 2022[117]. - The total number of issued shares as of June 30, 2022, was 2,304,849,611 shares, used for calculating the percentage of shareholdings[117]. Corporate Governance - The Company complied with all mandatory provisions of the Corporate Governance Code throughout Period 2022, except for specified deviations[113]. - All Directors confirmed compliance with the required standards for securities transactions during Period 2022[115]. Economic Environment - During Period 2022, the Federal Reserve raised the federal funds rate by a total of 225 basis points, significantly impacting global economic growth and financial markets[14]. - The ongoing cash flow crisis in China's real estate sector has significantly impacted fixed asset investments and local fiscal revenue[14].

Financial Performance - Loss for the year attributable to owners of the company was HK$1,452.6 million, a 357.3% increase compared to HK$317.6 million in 2020[4] - Basic loss per share was HK$0.6302, a 357.3% increase from HK$0.1378 in 2020[4] - The Group recorded a loss attributable to owners of approximately HK$1,452,609,000 for the year 2021, compared to a loss of approximately HK$317,641,000 for 2020, resulting in a basic loss per share of 63.02 HK cents for 2021, up from 13.78 HK cents in 2020[9] - The loss attributable to the owners of the Company increased by approximately 357.3% from approximately HK$317,641,000 in 2020 to approximately HK$1,452,609,000 in 2021[34] - The basic loss per share attributable to ordinary equity holders increased from 13.78 HK cents in 2020 to 63.02 HK cents in 2021[34] Assets and Liabilities - Total assets decreased by 22.6% to HK$11,572.0 million from HK$11,238.9 million in 2020[4] - Equity attributable to owners of the company decreased by 20.3% to HK$5,231.3 million from HK$6,559.8 million in 2020[4] - Pledged bank deposits, cash, and bank balances decreased by 82.2% to HK$141.2 million from HK$793.5 million in 2020[4] - The Group's total loan receivables increased from approximately HK$1,439,301,000 as at December 31, 2020, to approximately HK$2,239,727,000 as at December 31, 2021, attributed to advances of short-term loans[43] - Deposits, prepayments, and other receivables rose from approximately HK$420,467,000 as at December 31, 2020, to approximately HK$714,075,000 as at December 31, 2021, mainly due to increased deposits for acquiring non-performing assets[44] Borrowings and Liquidity - Total borrowings of the Group as of December 31, 2021, amounted to approximately HK$5,036,159,000, an increase of about 58.5% from HK$3,172,884,000 in 2020[61] - Short-term borrowings increased to HK$541,037,000 in 2021 from HK$217,848,000 in 2020, reflecting a rise of approximately 148.5%[61] - Long-term borrowings rose to HK$3,193,628,000 in 2021, up from HK$1,571,112,000 in 2020, marking an increase of about 103.9%[61] - The Group's net borrowings as of December 31, 2021, were approximately HK$4,894,954,000, compared to HK$2,379,364,000 in 2020, indicating an increase of about 105.0%[61] - The Group's liquidity position is closely monitored to ensure adequate liquidity to meet funding requirements at all times[50] Revenue and Income - The Group's rental income for Year 2021 amounted to approximately HK$87,376,000, representing a slight decrease of approximately 1.97% from HK$89,128,000 in Year 2020[37] - Rental income from the Group's property leasing business decreased from approximately HK$89,128,000 in 2020 to approximately HK$87,376,000 in 2021[29] - Other income, gains, and losses increased from approximately HK$285,084,000 in Year 2020 to approximately HK$348,441,000 in Year 2021, mainly due to increased interest income and gains on disposal of financial assets[37] Investment Activities - The Group acquired non-performing asset portfolios with a total principal and accrued interest of approximately RMB1,220 million as of December 31, 2021[16] - The Group has invested RMB505,000,000 (approximately HK$617,359,000) into the NT Trust Scheme, which focuses on property development investments in Zhuozhou and Shenyang, PRC[23] - The Group is setting up an investment fund to invest in urban redevelopment projects in the Greater Bay Area, aiming to create investment returns for shareholders[21] - The Group plans to adjust its investment portfolio by increasing short-term investments to improve liquidity in response to potential economic downturns[26] Corporate Governance - The Company has a strong governance structure with independent non-executive directors contributing to audit and nomination committees[123] - The Group's corporate governance practices comply with the Corporate Governance Code, except for specific provisions regarding the separation of roles of chairman and CEO[146] - The Board consists of four executive Directors and three independent non-executive Directors, ensuring that independent Directors represent no less than one-third of the Board[161] - The Board has established three standing committees: the audit committee, the remuneration committee, and the nomination committee to assist in governance[168] Management and Staff - The Group's overall staff costs amounted to approximately HK$76,641,000 for the year 2021, an increase from HK$66,788,000 in 2020[85] - The Group's employee count decreased to 84 as of December 31, 2021, down from 104 in the previous year[85] - The management team includes professionals with extensive backgrounds in finance, law, and property management, enhancing strategic decision-making capabilities[130][133] Environmental, Social, and Governance (ESG) - The Company emphasizes environmental, social, and governance (ESG) practices in its operations[136] - Energy-saving measures have been implemented in the Group's offices to reduce electricity consumption and greenhouse gas emissions[144] - The Group has adopted policies to promote recycling and the use of eco-friendly stationery, contributing to resource efficiency and waste reduction[144] - The Company engaged external professionals to review its environmental, social, and governance (ESG) policies for 2021 and will publish the ESG report by May 31, 2022[144]

Financial Performance - Loss attributable to owners of the company for the six months ended June 30, 2021, was HK$251 million, representing a 66.23% increase compared to a loss of HK$151 million in the same period of 2020[4] - Basic loss per share for the period was HK(10.90) cents, a 66.16% increase from HK(6.56) cents in 2020[4] - The loss attributable to the owners of the Company increased to approximately HK$251,333,000 for Period 2021 from approximately HK$151,150,000 for Period 2020, representing an increase of about 66.4%[38] - The basic loss per share attributable to ordinary equity holders of the Company was 10.90 HK cents for Period 2021, compared to a basic loss per share of 6.56 HK cents for Period 2020, indicating an increase of approximately 66.4%[40] - Loss before taxation for the period was HK$343,425,000, significantly higher than the loss of HK$177,953,000 recorded in the same period of 2020[185] - The total comprehensive loss for the period amounted to HK$323,933,000, compared to HK$284,813,000 in the prior year, indicating an increase in losses of 13.8%[189] Assets and Liabilities - Net assets decreased by 3.53% to HK$7,060 million from HK$7,318 million year-over-year[4] - Total assets increased by 6.38% to HK$10,867 million compared to HK$10,215 million in the previous year[4] - The Group's total borrowings amounted to approximately HK$3,113,048,000, a decrease from HK$3,172,884,000 as of December 31, 2020[47][48] - The Group's net current assets were approximately HK$2,818,233,000 as of June 30, 2021, down from HK$3,221,138,000 at the end of 2020[52] - The Group's cash and bank balances were approximately HK$143,549,000 as of June 30, 2021, down from HK$793,520,000 at the end of 2020[52] - The carrying value of the NT Trust Scheme increased to approximately HK$ 557,689,000 as of June 30, 2021, compared to HK$ 556,027,000 as of December 31, 2020[24] Financial Ratios - The current ratio decreased to 4.3x from 5.3x, reflecting an 18.87% decline[4] - Gearing ratio increased to 49.22% from 34.6%, marking a 42.25% rise[4] - Adjusted gearing ratio rose to 46.95% from 31.2%, indicating a 50.48% increase[4] - Return on total assets decreased to (2.31%) from (3.0%), a decline of 23%[4] - The gearing ratio was 49.22% as of June 30, 2021, compared to 48.37% on December 31, 2020, indicating a slight increase in leverage[54] - The current ratio decreased to 4.33x as of June 30, 2021, down from 5.21x as of December 31, 2020, reflecting a reduction in liquidity[54] Revenue and Income - Rental income from the property leasing business was approximately HK$ 43,574,000 for 2021, a decrease of approximately HK$ 4,229,000 from HK$ 47,803,000 in 2020[29] - The decline in rental income was attributed to a decrease in occupancy rates due to the COVID-19 pandemic and certain tenants not renewing their leases[29] - Interest income (excluding bank deposits) increased from approximately HK$151,107,000 for Period 2020 to approximately HK$153,431,000 for Period 2021, showing a growth of about 1.5%[40] - Dividend income from listed and unlisted securities was HK$37,692,000, down from HK$41,674,000, reflecting a decline of 9.5% year-over-year[185] - Other income, gains, and losses increased to HK$155,684,000, compared to HK$151,767,000 in the previous year, marking a growth of 2.5%[185] Investments and Strategic Initiatives - The Group expanded its non-performing assets and loans portfolio, acquiring a non-performing loans portfolio valued at approximately RMB560 million[21] - The Group successfully developed an urban redevelopment fund with an initial phase of RMB200 million, targeting projects in the Guangdong-Hong Kong-Macao Greater Bay Area[21] - The Group is actively engaging in various types of non-performing assets investment projects, including debt restructuring and bankruptcy reorganization[21] - The establishment of a sound bankruptcy system is expected to promote the growth of the enterprise bankruptcy reorganization market in China[18] - The Group plans to support technological innovations, green development, and urban redevelopment in line with national policies[36] Corporate Governance and Management - The Company did not declare any interim dividend for the six months ended June 30, 2021, consistent with the previous year[126][128] - The Group's remuneration policies remained unchanged during the reporting period, with competitive packages offered to employees[125] - The Company has adopted codes of conduct regarding securities transactions by Directors that meet or exceed the standards set out in the Model Code[138] - The Company is committed to maintaining high standards of corporate governance in the interests of its shareholders[136] Debt and Financing Activities - The company issued senior notes with a total principal amount of US$19,800,000 (approximately HK$154,440,000) to investors, with net proceeds of about US$19,300,000 (approximately HK$150,540,000) allocated for general working capital[71] - The company entered into a subscription agreement for convertible bonds with a principal amount of up to HK$200,000,000, with a conversion price of HK$2.33 per ordinary share[74] - The issuance of senior notes and convertible bonds represents an opportunity for the company to secure funding for its operations[71] - The company’s financial strategies include leveraging both senior notes and convertible bonds to enhance liquidity and support growth initiatives[71] - The Group plans to dispose of short and medium-term investments to enhance working capital[52]