要约人乃一家于澳洲注册成立的有限责任公司，其股份于澳洲证券交易所上市(澳洲证交所股份代号： MLX)。要约人的主要业务包括：投资于一家在澳洲经营锡矿的合营企业;及投资于多家在澳洲从事锡、 金及卑金属项目勘探及开发的公司。 要约人的主要资产为其于拥有及经营塔斯曼尼亚西北部雷尼森锡矿的Bluestone Mines Tasmania Joint Venture Pty Ltd(BMTJV)所持有的50%权益。 BMTJV由要约人间接持有50%权益，余下50%权益由受要约人的非全资附属公司持有。要约人对 BMTJV所拥有的雷尼森锡矿的长期发展充满信心。要约人拟透过提出部分收购要约收购受要约人的股 权以增持BMTJV的权益。 要约人认为，部分收购要约对合资格股东有利，原因为部分收购要约将为有意于暂停买卖期间实现全部 或部分投资的合资格股东提供机会。合资格股东应注意，当暂停买卖持续进行时，彼等无法在公开市场 上出售其投资;及部分收购要约一经作出，将在所有方面均属无条件。 智通财经APP讯，绿科科技国际(00195)及要约人Metals X Limited联合公布，于2024年10月23日，要约 人向受要约人发出意向书， ...

金十数据整理：每日港股市场要闻速递（4月25日 周五） 7. 中石化油服 (01033.HK)：一季度营业收入178.5亿元，同比减少3.7%；净利润2.18亿元，同比增加 23%。 8. 五矿资源 (01208.HK)：一季度铜总产量达约11.82万吨，同比增长76%。 1. 玲珑轮胎：筹划发行H股股票并在香港联交所主板上市 4. 高鑫零售(06808.HK)：预计年度将由亏转盈，溢利约3.5亿至4亿元。 5. 中国铝业(02600.HK)：一季度净利35.38亿元，同比增长58.78%。 6. 京东物流(02618.HK)：德邦物流一季度归母净亏损约6837.6万元，同比盈转亏。 2. 周大福(01929.HK)：截至3月31日止三个月零售值同比下降11.6%。 3. 友邦保险(01299.HK)：当日耗资2.79亿港元购回500万股普通股，每股购回价介于55.25港元至56.7港 元之间。 9. 绿科科技国际 (00195.HK)：雷尼森项目一季度锡产量为2432吨，环比下跌26.9%。 ...

Financial Performance - For the fiscal year ending December 31, 2023, the group's revenue from continuing operations decreased by 11.9% to approximately HKD 820,875,000, compared to HKD 931,380,000 in 2022[18]. - The net profit attributable to shareholders for the year was approximately HKD 68,390,000, down from HKD 216,750,000 in 2022, primarily due to lower average tin prices and increased administrative expenses[18]. - The group's revenue for the year ended December 31, 2023, was approximately HKD 820,875,000, a decrease of about 11.9% compared to HKD 931,380,000 in 2022, primarily due to a decline in average tin prices[34]. - The cost of sales for the year was approximately HKD 524,835,000, representing 63.9% of the recorded revenue, an increase from 56.2% in the previous year[35]. - Gross profit for the year was approximately HKD 296,040,000, with a gross margin of 36.1%, down from 43.8% in 2022, mainly due to reduced revenue while sales costs remained relatively stable[36]. - Administrative expenses increased by approximately 17.1% to about HKD 58,709,000, accounting for 7.2% of the group's revenue, primarily due to rising personnel costs[37]. - The financial cost for the continuing operations of the group increased by approximately 14.7% to about HKD 5,223,000 for the year ending December 31, 2023, compared to HKD 4,553,000 for the year ending December 31, 2022, primarily due to increased financial leasing interest expenses[38]. - The profit attributable to the owners of the company from continuing operations was approximately HKD 68,390,000 for the year ending December 31, 2023, a significant decrease from HKD 216,750,000 in 2022, mainly due to lower average tin prices, increased administrative and other expenses, and foreign exchange losses[39]. Production and Operations - Total tin production from the Renison underground mine in 2023 was 9,532 tons, an increase of approximately 13.42% from 8,404 tons in 2022[22]. - The group’s share of tin production from its indirect subsidiary YT Parksong Australia Holding Pty Limited was 4,766 tons in 2023, compared to 4,202 tons in 2022[22]. - The group plans to continue focusing on exploration activities to fully exploit the resource potential of the mine and optimize operations to produce more tin metal[10]. - The total proven, controlled, and inferred resources at the Renison underground mine amounted to 20,040,000 tons with a grade of 1.54% as of December 31, 2023, indicating potential for increased production capacity[23]. - The Renison underground mine produced 9,532 tons of tin metal with an average tin grade of 1.92% during the year[92]. - Total operating expenses for the year amounted to HKD 524,835,000, including mining costs of HKD 194,091,000 and processing costs of HKD 127,463,000[93]. - Capital expenditures for exploration, development, or production activities totaled approximately HKD 286,168,000 for the year[93]. Market Outlook - The semiconductor market is expected to recover in 2024, with a projected growth of 13.1%, which will drive strong demand for tin in the short to long term[11]. - The global supply of tin is expected to decline due to stricter export controls in major producing countries like Indonesia[21]. - The global tin market is expected to see new growth due to the rapid development of electric vehicles, smart manufacturing, and 5G electronics, with anticipated gradual increases in tin prices in 2024[24]. Legal Matters - The company is currently involved in a legal dispute regarding a claim of AUD 15,143,422.44 (approximately HKD 78,340,180.12) related to the acquisition of BMTJV, with the company denying the claim[107]. - The total current claims against the company amount to AUD 19,544,520.24 (approximately HKD 101,078,317.15), which includes various counterclaims and damages[108]. - The court has scheduled a trial for the ongoing legal disputes to begin on May 6, 2024, with a pre-trial review set for March 6, 2024[111]. - The company attempted mediation with the claimant in December 2021, but no settlement has been reached, and legal proceedings are ongoing[111]. - The company is involved in a legal dispute regarding a claim of AUD 15,143,422 (approximately HKD 78,340,180) related to a share purchase agreement[189]. - The company’s legal disputes include multiple claims related to the AUD 16.3 million matter, which are being consolidated for more efficient handling[195]. Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and has complied with all provisions as of December 31, 2023[127]. - The board consists of eight directors, including five executive directors and three independent non-executive directors, ensuring a balanced composition with diverse skills and expertise[133]. - The company is committed to enhancing accountability, transparency, independence, and fairness in its corporate governance framework[132]. - The board has established four committees: audit committee, remuneration committee, nomination committee, and compliance committee, each with clearly defined responsibilities[132]. - Continuous professional development is mandatory for all directors to enhance their knowledge and skills[143]. - The company has maintained three independent non-executive directors throughout the year, with one being a professional accountant, in compliance with listing rules[136]. Employee and Management - The total employee costs for the year ending December 31, 2023, amounted to HKD 178,162,000, compared to HKD 171,261,000 in 2022[71]. - The company employed approximately 347 employees as of December 31, 2023, an increase from 341 employees in 2022[71]. - The company continues to provide training to employees to enhance industry quality standards knowledge[71]. - The company is expanding its management team with experienced professionals in finance and real estate development[120]. - The company is preparing for future growth by aligning its leadership with industry experts[120]. Shareholder Information - The company holds 402,732,353 shares, representing approximately 29.48% of the total issued share capital[117]. - The newly appointed executive director, 彭志紅, holds 3,740,000 shares, accounting for about 0.27% of the total issued share capital[118]. - The company has a strategic focus on financial management and corporate strategy development[118]. - The company has not granted any stock options during the year ending December 31, 2023[64]. Exploration and Resource Development - A total of 219 underground diamond drill holes were drilled, totaling 50,272 meters, significantly increasing the controlled resource and inferred reserves[89]. - The critical tin grade reported for the Renison underground mine is 0.65% based on current operational and market parameters[85]. - The Renison underground mine has been operating at a depth of 1,300 meters, with a length of 2,065 meters and a lateral distance of 900 meters[78]. - The geological database utilizes the Sequel server platform, storing diamond drilling data and ensuring quality control through a verification approval system[79]. - The Renison tailings project involves processing approximately 22,300,000 tons of tailings with an average grade of 0.44% tin and 0.23% copper, containing about 99,000 tons of tin, making it one of Australia's largest tin resources[106].

Financial Performance - The audited consolidated revenue from continuing operations for the year ended December 31, 2023, was approximately HKD 820,875,000, a decrease of about 11.9% compared to HKD 931,380,000 in 2022[36]. - The profit attributable to the owners of the company from continuing operations was approximately HKD 68,390,000, significantly down from HKD 216,750,000 in 2022[39]. - The gross profit for the year was HKD 296,040,000, compared to HKD 407,533,000 in the previous year[1]. - The company's revenue from continuing operations decreased by 11.9% to approximately HKD 820,875,000 for the year ended December 31, 2023, compared to approximately HKD 931,380,000 in 2022[60]. - The net profit attributable to shareholders from continuing operations was approximately HKD 68,390,000 for the year ended December 31, 2023, down from HKD 216,750,000 in 2022[60]. - The total profit for the year was 102,798 thousand HKD, compared to 262,875 thousand HKD in the previous year[190]. Cost and Expenses - The cost of sales for continuing operations was approximately HKD 524,835,000, representing 63.9% of the recorded revenue for 2023, compared to 56.2% in 2022[63]. - The financial costs for continuing operations increased by approximately 14.7% to about HKD 5,223,000 in 2023 from HKD 4,553,000 in 2022[65]. - The administrative and other expenses increased in the current year, impacting overall profitability[39]. - The depreciation of property, plant, and equipment increased to 49,589 thousand HKD in 2023 from 37,018 thousand HKD in 2022[200]. - Employee costs, including director remuneration, totaled 178,162 thousand HKD in 2023, compared to 171,261 thousand HKD in 2022[200]. Assets and Liabilities - The company's current assets net value as of December 31, 2023, was approximately HKD 82,612,000, down from HKD 197,477,000 in 2022[40]. - The current ratio as of December 31, 2023, was 1.26, compared to 2.06 in 2022[40]. - The cash and cash equivalents as of December 31, 2023, were approximately HKD 201,253,000, an increase from HKD 189,779,000 in 2022[40]. - The group had no bank credit as of December 31, 2023, but had lease liabilities of approximately HKD 47,578,000, up from HKD 25,555,000 in 2022[66]. - The group’s debt-to-asset ratio was 34.4% as of December 31, 2023, compared to 29.7% in 2022[66]. Mining Operations - The Renison Mine is one of the world's major hard rock tin mines and the largest tin producer in Australia, with a critical tin grade reported at 0.65%[91]. - The Renison underground mine is currently recognized as the largest operating underground tin mine in the world, located in Tasmania[85]. - The total production of tin metal from the Renison underground mine in 2023 was 9,532 tons, an increase of approximately 13.42% compared to 8,404 tons in 2022[184]. - The group's indirect non-wholly owned subsidiary, YTPAH, holds a 50% interest in the Renison underground mine, allowing it to sell 4,766 tons of tin metal in 2023, up from 4,202 tons in 2022[184]. - The total mining costs for the year were 194,091 thousand HKD, with processing costs at 39,342 thousand HKD and total costs amounting to 524,835 thousand HKD[116]. Future Outlook - The average tin price decline was a significant factor contributing to the decrease in revenue[39]. - The company anticipates a gradual increase in tin prices in 2024 due to new demand from electric vehicles and supply chain disruptions[61]. - The company continues to explore the feasibility of the Renison tailings project, which requires significant capital investment before realizing its value[123]. Legal and Compliance - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, confirming compliance with applicable accounting standards and legal requirements[138]. - The company has not reported the value of the Renison tailings in its accounts due to the need for substantial funding to realize its potential[123]. - The company has filed multiple claims involving AUD 16.3 million in the 3132 lawsuit against Chen and others, with the court halting proceedings until the resolution of the 1357 lawsuit[132]. - The company has not established any additional retirement benefit plans for its employees beyond the mandatory MPF scheme in Hong Kong and participation in national retirement benefit plans in Australia and China[160]. - The company has complied with the applicable corporate governance code provisions as of December 31, 2023[161]. Shareholder Information - The total number of shares available for issuance under the new share option plan is 136,600,000, representing 10% of the issued shares as of the announcement date[45]. - The group has not granted any stock options during the year ending December 31, 2023, resulting in a zero potential share issuance under its plans[98].

Tin Market Overview - The average tin price for the six months ended June 30, 2023, was $26,301 per ton, a decrease of approximately 34.6% compared to $40,210 per ton for the same period in 2022[3]. - China's tin consumption from January to May 2023 was 69,566 tons, down 11.3% from 78,400 tons in the same period of 2022[3]. - The average tin price fluctuated between $32,050 per ton in January 2023 and a low of $22,225 per ton in March 2023[3]. - The automotive industry, 5G-related products, and electronics are major contributors to the tin metal market, with stable demand expected to continue[6]. Financial Performance - The group's unaudited consolidated revenue for the six months ended June 30, 2023, was approximately HKD 392,086,000, a decrease of 44.8% compared to HKD 710,869,000 for the same period last year[23]. - Sales costs for the same period were approximately HKD 302,733,000, accounting for 77.2% of the recorded revenue, compared to 43.8% in the previous year[24]. - The group's gross profit for the six months ended June 30, 2023, was approximately HKD 89,353,000, with a gross profit margin of 22.8%, down from 56.2% in the previous year[25]. - Administrative expenses increased from approximately HKD 20,852,000 to HKD 28,672,000, representing 7.3% of the group's revenue, up from 2.9% in the previous year[26]. - Financial costs decreased from approximately HKD 2,798,000 to HKD 1,451,000, accounting for 0.4% of the group's revenue, consistent with the previous year[27]. - For the six months ended June 30, 2023, the company's revenue decreased by 44.8% to HKD 392,086,000, compared to HKD 710,000,000 for the same period in 2022[32]. - The gross profit for the period was HKD 89,353,000, down from HKD 399,237,000 for the same period in 2022, attributed to reduced tin production and falling average prices[32]. Production and Resources - The total production of tin metal from the Renison underground mine was 4,273 tons, a year-on-year decrease of approximately 7.73%[31]. - The total proven, measured, and inferred resources at the Renison underground mine amounted to 20,040,000 tons, with a tin grade of 1.54%[32]. - The Renison underground mine produced 4,273 tons of tin metal with an average tin grade of 1.68% during the six months ended June 30, 2023[169]. - The Renison tailings project involves processing approximately 22,300,000 tons of tailings with an average grade of 0.44% tin and 0.23% copper, containing about 99,000 tons of tin, one of Australia's largest tin resources[175]. - The estimated tin and copper resources include a total of 20,040 thousand tons of tin with an average grade of 1.54% and 23,886 thousand tons of copper with an average grade of 0.44%[123]. - The total estimated metal content from the resources is 307,851 tons of tin and 104,370 tons of copper[123]. Exploration and Development - The company plans to continue exploration and resource definition drilling at various locations, including Area 5 and Leatherwood Trend, to increase tin production and improve returns[5]. - The company continues exploration work at the Renison underground mine to uncover tin resources, particularly in the Bell 50 area[32]. - The company is developing new areas, including Area 5 and Leatherwood, which are significant for future mining plans[148]. - The company has established a comprehensive geological interpretation process to ensure resource estimates are reliable and representative of expected surface conditions[145]. - As of June 30, 2023, the company drilled 75 underground core holes totaling 25,607 meters, and 4 surface exploration core holes totaling 2,597 meters, effectively increasing controlled resource and estimated reserves[167]. Legal and Claims - The group is pursuing claims against Mr. Chen totaling approximately AUD 27,001,217 (approximately HKD 135,369,683.39) related to various disputes[16]. - The group reported a shortfall in tin concentrate production of approximately 2,348.9 tons over three years, leading to a claim of approximately AUD 5,496,266 (approximately HKD 27,555,342.72)[18]. - The group has attempted mediation with Mr. Chen but has not reached a settlement, and legal proceedings are ongoing[19]. - The court has scheduled a hearing for the ongoing litigation, with a trial set to begin on May 6, 2024[19]. Shareholder and Equity Information - The company has 28,686,000 unexercised stock options as of June 30, 2023, representing 2.1% of the total issued shares[14]. - Major shareholders include Amazing Express International Limited and Excel Jumbo International Limited, each holding 340,000,000 shares, representing approximately 24.89% of the company's issued share capital[184]. - The total equity attributable to owners of the company as of June 30, 2023, is 931,504,000 HKD, an increase from 929,304,000 HKD as of December 31, 2022[198]. - The company's total assets as of June 30, 2023, amount to 1,217,389,000 HKD, compared to 1,208,819,000 HKD at the end of 2022[198]. Corporate Governance and Compliance - The company has complied with all applicable provisions of the corporate governance code as of June 30, 2023[59]. - The company has adopted a code of conduct for securities trading by its directors, confirming compliance during the six months ending June 30, 2023[188]. - The company has not reported any significant events affecting the group since the end of the reporting period on June 30, 2023[187]. Capital Expenditures and Financial Position - Capital expenditures related to properties, machinery, and equipment for the six months ended June 30, 2023, were approximately HKD 127,669,000, down from HKD 226,853,000 for the same period in 2022[92]. - The company's liquidity ratio as of June 30, 2023, was 1.83, down from 2.06 as of December 31, 2022[51]. - The company's asset-to-liability ratio was 30.6% as of June 30, 2023, compared to 29.7% as of December 31, 2022[51]. - The company has not disclosed any significant acquisitions or disposals of subsidiaries, associates, or joint ventures for the six months ended June 30, 2023[94].

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並表明不會就因本公告全部或任何部分內 容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 GREENTECH TECHNOLOGY INTERNATIONAL LIMITED 綠 科 科 技 國 際 有 限 公 司 （於開曼群島註冊成立之有限公司） 00195 （股份代號： ） 二零二三年中期業績公告 綠科科技國際有限公司（「本公司」）的董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至二零二三年六月三十日止六個月之未經審核業績。本公告載有本公 司二零二三年中期報告全文，並符合香港聯合交易所有限公司證券上市規則中有關 中期業績初步公告附載資料之相關規定。 承董事會命 綠科科技國際有限公司 ...

Production and Financial Performance - The total production of tin metal from the Renison underground mine in 2022 was 8,404 tons, a slight decrease of approximately 0.57% compared to 8,452 tons in 2021[6]. - Revenue from the tin mining operations for the year was approximately HKD 931,380,000, down 4.9% from HKD 979,884,000 in 2021[14]. - The net profit attributable to shareholders for the year was approximately HKD 216,750,000, a decrease from HKD 345,017,000 in 2021[14]. - The company recorded revenue of approximately HKD 606,440,000 from its tin trading business in 2022, with a gross profit of HKD 10,444,000, but decided to discontinue this business due to profitability concerns[7]. - The overall tin supply in 2022 decreased due to stricter import and export controls and supply chain disruptions in major tin-producing countries[12]. - The revenue for the year ended December 31, 2022, was approximately HKD 931,380,000, a decrease of about 4.9% from HKD 979,884,000 in 2021, primarily due to a decline in average tin prices[29]. - The cost of sales for the year was approximately HKD 523,847,000, accounting for 56.2% of the recorded revenue, slightly down from 56.5% in 2021[30]. - The gross profit for the year was approximately HKD 407,533,000, with a gross profit margin of 43.8%, an increase from 43.5% in 2021, attributed to a decrease in the cost of sales of tin concentrate[31]. - Profit attributable to owners of the company decreased to approximately HKD 216,750,000 from HKD 345,017,000, primarily due to a decline in average tin prices[34]. Market Conditions and Future Outlook - Tin prices reached a historical high of USD 50,050 per ton in March 2022, but fell to around USD 17,700 per ton by October 2022 due to profit-taking and concerns over potential economic slowdown[5][13]. - The company anticipates stable sales growth in the short to medium term, driven by strong downstream demand for tin due to carbon neutrality policies and the development of new energy vehicles and 5G-related products[7]. - The global tin market is expected to see new growth due to the rapid development of electric vehicles, smart manufacturing, and 5G electronics, with anticipated gradual increases in tin prices in 2023[18]. Exploration and Resource Management - The company plans to continue focusing on exploration activities to fully exploit the resource potential of the mining area and optimize operations to produce more tin metal[6]. - The total proven, controlled, and inferred resources at the Renison underground mine amounted to 19,820,000 tons with a grade of 1.61% as of December 31, 2022, representing a 17.2% increase in tin content to 128,900 tons compared to the previous year[15]. - The company plans to continue exploration in the Area 5, Leatherwood Trend, and Huon North locations to identify high-grade ore and increase tin metal production[18]. - The Renison underground mine produced 8,404 tons of tin metal with an average tin grade of 1.71% during the year, while the Renison tailings project did not undergo any development or production activities[80]. - The total estimated resource for the Renison Bell mine is 19,820 thousand tons of tin with a grade of 1.61%, yielding 319,586 tons of tin metal, and 19,820 thousand tons of copper with a grade of 0.20%, yielding 39,588 tons of copper metal[78]. Corporate Governance and Management - The company has experienced management changes, with several new appointments in executive and independent director roles since April 2020[105][106][107]. - The board consists of eight directors, including five executive directors and three independent non-executive directors, ensuring a balanced composition with diverse skills and expertise[113]. - The company is focusing on corporate governance and compliance, as indicated by the detailed profiles of its board and management team[109]. - The company has established a framework for corporate governance that includes four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Compliance Committee[111]. - The company has adopted a new stock option plan aimed at incentivizing qualified participants who contribute to the group's success, with a total of 28,686,000 shares to be issued, representing 2.1% of the total shares outstanding as of the report date[135]. Legal Matters - The company is involved in a legal dispute regarding a claim of AUD 15,143,422.44 (approximately HKD 85,736,000) related to the sale agreement of all issued shares of Bason Mining Resources Limited[91]. - The company and its subsidiary, Tengfeng, have counterclaimed against the plaintiff, Mr. Chen, for a total of AUD 27,001,217 (approximately HKD 152,870,000) due to various breaches of the sale agreement[92]. - A case management hearing was held on October 18, 2021, with a trial scheduled to commence on May 6, 2024, expected to last for 41 days[96]. - The company attempted mediation with Mr. Chen in December 2021, but no settlement has been reached, and legal proceedings are ongoing[96]. Financial Position and Shareholder Information - As of December 31, 2022, the group's liquidity ratio improved to 2.06 from 1.37 in the previous year, with net current assets of approximately HKD 197,477,000[37]. - The group's total liabilities to total assets ratio decreased to 29.7% from 39.6% in the previous year[36]. - The company’s cumulative losses as of December 31, 2022, were HKD 120,324,000[182]. - The company has a significant shareholder, with 340,000,000 shares held by various entities, accounting for approximately 24.89% of the issued share capital[189]. - The company has established indemnification provisions for its directors and senior officers against liabilities incurred in the execution of their duties[187].

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並表明不會就因本公告全部或任何部分內 容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 GREENTECH TECHNOLOGY INTERNATIONAL LIMITED 綠 科 科 技 國 際 有 限 公 司 （於開曼群島註冊成立之有限公司） 00195 （股份代號： ） 截至二零二二年十二月三十一日止年度之年度業績公告 綠科科技國際有限公司（「本公司」）董事（「董事」）會（「董事會」），欣然公告本公司及 其附屬公司（統稱為「本集團」）截至二零二二年十二月三十一日止年度之經審核綜合 業績（連同截至二零二一年十二月三十一日止上一個財政年度之經重列比較數字）如 下︰ ...

Financial Performance - Revenue for the group decreased by 70.0% to HKD 895,697,000 for the six months ended June 30, 2022, while gross profit increased to HKD 402,904,000 from HKD 163,167,000 for the same period in 2021[16] - The group's unaudited consolidated revenue for the six months ended June 30, 2022, was approximately HKD 895,697,000, a decrease of 70.0% compared to HKD 2,990,434,000 for the same period in 2021[30] - Gross profit for the same period was HKD 402.9 million, significantly up from HKD 163.2 million in the previous year, indicating a gross margin improvement[117] - The company achieved a profit before tax of HKD 417.4 million, compared to HKD 193.0 million in the prior year, reflecting a 116% increase[117] - Total comprehensive income for the period was HKD 238.5 million, up from HKD 116.5 million in the same period last year, marking a 104% increase[118] Production and Resources - The total production of tin metal from the Renison underground mine for the first half of 2022 was 4,631 tons, representing a year-on-year increase of about 27.8% from 3,623 tons in the first half of 2021[13] - The estimated tin and copper resources as of June 30, 2022, include 1,780 thousand tons of tin at a grade of 1.79% and 1,780 thousand tons of copper at a grade of 0.25%[71] - The total resource estimate for the Renison mine is 18,250 thousand tons of tin at a grade of 1.65%, yielding 301,500 tons of tin metal, and 36,500 tons of copper at a grade of 0.20%[71] - Proven and probable reserves at the Renison Bell mine total 30,147,000 tonnes with an average tin grade of 0.69% and copper grade of 0.22%, equating to 209,000 tonnes of tin and 67,000 tonnes of copper[75] Market and Demand - The consumption of tin metal in China from January to May 2022 was 78,400 tons, an increase of 28.3% compared to 61,101 tons in the same period of 2021[12] - The group anticipates stable growth in tin metal demand driven by the automotive industry, 5G-related products, and electronics, supported by government initiatives in China and the United States[18] Legal Matters - The company is involved in a legal dispute regarding a claim of AUD 15,143,422 (approximately HKD 85,736,000) related to the sale agreement of all issued shares of Baisong Mining Resources Limited[20] - The company and its subsidiary deny the claims and have counterclaimed against the plaintiff, seeking a total of AUD 27,001,217 (approximately HKD 146,000,000) in damages and compensation[22] - The company attempted mediation with the plaintiff in December 2021, but no settlement has been reached, and legal proceedings continue[26] Financial Position - As of June 30, 2022, the group's current assets net value was approximately HKD 347,331,000, up from HKD 117,191,000 as of December 31, 2021[37] - The group's liquidity ratio as of June 30, 2022, was 1.72, compared to 1.37 as of December 31, 2021[37] - The company's total equity rose to HKD 1,037.6 million from HKD 798.0 million, reflecting a robust capital position[123] Employee and Management - The total employee cost amounted to approximately HKD 82,604,000, an increase from HKD 74,369,000 as of June 30, 2021, reflecting a year-over-year growth of about 16.6%[50] - The company employed approximately 335 employees as of June 30, 2022, compared to 322 employees at the end of 2021, indicating a growth in workforce[50] - The total remuneration for key management personnel for the six months ended June 30, 2022, was HKD 4,488,000, an increase from HKD 2,608,000 for the same period in 2021[190] Capital Expenditures and Investments - The group had capital expenditures of approximately HKD 134,125,000 for property, machinery, and equipment for the six months ended June 30, 2022[43] - The group invested approximately USD 6.2 million (equivalent to HKD 48.6 million) in a private equity fund during the period, with confirmed interest income of HKD 792,000[175] Shareholder Information - The company has a significant ownership stake of 17.77% held by a major shareholder, with 242,732,353 shares[97] - Major shareholders control approximately 1,700,000,000 shares of the company, representing a significant ownership stake[102] - The company confirmed it maintained sufficient public float as per listing rules during the period ending June 30, 2022[85] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ending June 30, 2022[108] - The company confirmed compliance with all applicable corporate governance codes as of June 30, 2022[109] - The company has implemented a standard code of conduct for securities trading by its directors, ensuring adherence to regulations[110]

Financial Performance - The group's revenue surged by 691% to approximately HKD 5,251,919,000 in 2021, compared to HKD 664,300,000 in 2020[13]. - The net profit attributable to shareholders for the year was approximately HKD 349,815,000, a turnaround from a net loss of HKD 25,663,000 in 2020[13]. - The group's audited consolidated revenue for the year ended December 31, 2021, was approximately HKD 5,251,919,000, a significant increase of about 691% compared to HKD 664,300,000 in 2020[27]. - The sales cost for the year was approximately HKD 4,805,844,000, accounting for 91.5% of the recorded revenue, down from 94.5% in 2020[28]. - The gross profit was approximately HKD 446,075,000 with a gross profit margin of 8.5%, an increase from 5.5% in 2020[28]. - Administrative expenses decreased by approximately 5.1% to about HKD 34,524,000, representing 0.7% of the group's revenue[29]. - The company reported a consolidated profit attributable to owners of approximately HKD 349,815,000 for the year, a turnaround from a loss of approximately HKD 25,663,000 in 2020, primarily due to increased average tin prices and improved production efficiency[31]. Production and Resources - In 2021, the total production of tin metal from the Renison underground mine was 8,452 tons, a significant increase of approximately 8.4% compared to 7,798 tons in 2020[6]. - The total proven, controlled, and inferred resources at the Renison underground mine amounted to 18,240,000 tons with a tin grade of 1.65% as of December 31, 2021[14]. - The ore reserves decreased by 8.5% to 110,000 tons, while the proven and inferred resources saw a 9.7% increase in confirmed tin ore[14]. - The Renison underground mine produced 8,452 tons of tin metal with an average tin grade of 1.41% during the year[67]. - The Renison Bell Mine has a confirmed resource of 1,397 thousand tons with a tin grade of 1.50%, yielding 20,900 tons of tin metal[69]. - The inferred resource at the Renison Bell Mine is estimated at 2,470 thousand tons with a tin grade of 1.59%, resulting in 39,100 tons of tin metal[69]. - The Renison tailings project involves processing approximately 22,300,000 tons of tailings with an average grade of 0.44% tin and 0.23% copper, containing about 99,000 tons of tin[75]. Market and Demand - The average tin price reached a ten-year high of approximately USD 41,000 per ton in 2021, driven by increased demand from electric vehicles and electronics[12]. - The group anticipates stable sales growth in the medium term, supported by strong downstream demand for tin due to stricter environmental policies in major consuming countries[7]. - The demand for tin is expected to grow due to the rapid development of electric vehicles, smart manufacturing, and 5G electronics[16]. Strategic Plans and Operations - The group plans to continue focusing on exploration activities to fully exploit the resource potential of the mining area and optimize operations to produce more tin metal[6]. - The group plans to continue exploration in the Area 5, Leatherwood Trend, and Huon North locations to enhance high-grade ore resources[16]. - The group aims to enhance operational efficiency and strengthen core competitiveness to create greater value for investors and shareholders[8]. - The company has established a tin supply contract with Yunnan Tin Group to provide stable revenue until January 2025[17]. - The company aims to diversify its business lines to seek more development opportunities and enhance sustainable growth[17]. Legal and Compliance Matters - The company is pursuing legal claims totaling AUD 27,001,217 (approximately HKD 152,870,000) against Mr. Chen for various breaches related to the acquisition of Baisong[77]. - The actual tin production shortfall over three years was approximately 2,348.9 tons, leading to a claim of AUD 5,496,266 (approximately HKD 31,118,000) for underperformance[79]. - The company is involved in multiple legal proceedings, including a lawsuit with claims amounting to AUD 16.3 million related to case number 3132/2016[82]. - The company has not reached a settlement with Mr. Chen, and both parties continue with legal procedures[81]. - The company has attempted mediation with Mr. Chen in December 2021, but he expressed no interest in further discussions at that time[81]. Corporate Governance - The company has adopted all provisions of the Corporate Governance Code as set out in the Listing Rules, maintaining compliance as of December 31, 2021[94]. - The board consists of eight directors, including five executive directors and three independent non-executive directors, ensuring a balanced composition with diverse skills and expertise[97]. - The company has established a governance framework that includes the board and four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Compliance Committee[95]. - The independent non-executive directors have submitted annual confirmations of their independence in accordance with the Listing Rules[98]. - The board held a total of six meetings during the year, with attendance rates for individual directors documented[101]. - The company has arranged for directors and senior management to have directors' and officers' liability insurance, which is reviewed annually[99]. Risk Management - The company has implemented a risk management framework to assess and manage significant risks related to its existing business[135]. - The risk assessment process includes reviewing organizational goals, evaluating risk management concepts, and conducting entity-level risk assessments[135]. - The management confirmed the effectiveness and adequacy of the risk management mechanisms and internal control systems for the fiscal year ending December 31, 2021[141]. Shareholder Information - The company has established a dividend policy that considers financial performance, cash flow, future operations, and overall business conditions[143]. - The company maintained a board composition with at least one-third independent non-executive directors, complying with listing rules[112]. - Major shareholder Cybernaut Green Technology Holdings (Hong Kong) Limited holds approximately 24.89% of the company's issued share capital, equivalent to 1,700,000,000 shares[168]. - The company has not established any preferential rights for existing shareholders regarding the issuance of new shares[196].