大家好,欢迎大家参加国阵国际联合录影中举办的录影大会上市公司交流专场,我是本场会议的主持人,国阵国际研究员作业者。本次会议我们邀请到了红华集团的 好的 谢谢安信国际谢谢各位投资者的时间 我先简单把洪华集团我们接触到现在的一些业务的主要的一些情况给各位投资机构投资人做个汇报然后看看大家有些什么样的问题我们这边再做回答洪华我们是做油气装备和服务的08年在香港主板上市 那现在大概有以下这么几个业务板块第一个呢我们是我们的这个海洋的板块那海洋板块是08年上市以后的这个募集的资金的投降我们是在江苏的南通下面的启东市呢有一块建造了一块海洋的基地大概是2000亩地1800米的海岸线那 之前我们主要是想从做陆地的钻井装备去延伸到做海洋的钻井平台但是由于行业从2014年开始的比较长的寒冬影响了我们在产品上的一个进程所以后续相应也做了一些调整我整个海洋的板块 之前没有达到我们整个公司的一个战略构想那现在红华的海洋板块主要销售中第一块占比最高的是海洋供电的装机结构的导管架这个我们是在大概三四年前左右进入到这个市场因为导管架这个产品原来在红华海洋油气的领域 我们也是做过的所以比较相同的技术吧那我们延伸到呢去做了这个海洋的供电那截止到 ...

Financial Performance - For the six months ended June 30, 2024, the company's revenue was RMB 2.776 billion, an increase of 11.3% compared to RMB 2.494 billion in the same period last year[47]. - Gross profit reached approximately RMB 302 million, a significant increase of 98.1% from RMB 152 million in the previous year[47]. - Shareholders' profit attributable to the company was approximately RMB 2 million[47]. - The group achieved total sales of 14 drilling rigs amounting to approximately RMB 869 million, a decrease of 24.8% compared to RMB 1.155 billion in the same period last year[51]. - Sales of spare parts reached RMB 1.426 billion, an increase of 61.7% from RMB 882 million year-on-year[51]. - The fracturing equipment and services business generated sales of approximately RMB 307 million, a 33.5% increase from RMB 230 million in the previous year[52]. - The group reported a revenue of approximately RMB 2.776 billion for the period, an increase of RMB 282 million or 11.3% compared to RMB 2.494 billion in the same period last year[64]. - Gross profit for the group was approximately RMB 302 million, with a gross margin of 10.9%, compared to a gross loss of RMB 152 million and a gross margin of 6.1% in the previous year[64]. - The group’s sales revenue from the mainland China region was approximately RMB 1.296 billion, accounting for 46.7% of total revenue, an increase of RMB 107 million year-on-year[65]. - The group’s export revenue was approximately RMB 1.48 billion, accounting for 53.3% of total revenue, an increase of RMB 1.75 billion compared to the previous year[65]. - The company reported a net loss of approximately RMB 3 million for the period, a significant improvement from a loss of RMB 168 million in the same period last year, resulting in a net margin of 0.1%[77]. - The company reported a profit attributable to owners of RMB 471,462 thousand, compared to RMB 473,007 thousand in the same period last year, reflecting a slight decrease of 0.3%[123]. Market and Business Segments - The company has seen substantial growth in its oil and gas business segment, with drilling equipment and components receiving orders from high-end clients in the Middle East and domestically[49]. - The fracturing services sector has fully entered the coalbed methane development industry, achieving significant performance growth[49]. - The international business of drilling engineering services has been robust, with important breakthroughs in the domestic market[49]. - The offshore wind power business has maintained a strong position in the large jacket market, with effective order amounts doubling compared to the same period last year[49]. - The group has secured orders for several high-end land drilling rigs in Kuwait, featuring self-developed digital control systems and integrated control systems, enhancing operational safety and efficiency[51]. - The group completed 1,130 fracturing operations in the first half of the year, marking a significant milestone in the domestic deep coalbed methane sector[52]. - The group has secured orders for 32 large offshore wind power jackets, expanding its market presence in new regions[55]. - The group’s renewable energy business has an order backlog of approximately RMB 900 million, with RMB 700 million specifically for offshore wind power[55]. Research and Development - The group invested approximately RMB 132 million in R&D, an increase of 8.3% compared to the previous year, and filed 57 patent applications[58]. - The group's R&D expenses were approximately RMB 58 million, an increase of RMB 21 million or 56.8% compared to RMB 37 million in the same period last year, reflecting a focus on automation and digitalization[73]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code except for F.2.2, which requires the chairman to attend the annual general meeting[86]. - The company has maintained a high level of corporate governance to enhance shareholder value and investor confidence[86]. - The company will continue to review its corporate governance practices to ensure compliance with the governance code[86]. - The company has established a Securities Trading Code for directors, ensuring compliance with the Listing Rules[89]. - The board appointed Mr. Wang Junren as an independent non-executive director on August 20, 2024, bringing the total to three, thus meeting the requirements of Listing Rules 3.10(1) and 3.10A[90]. Financial Position and Assets - The group's total assets as of June 30, 2024, were approximately RMB 12.771 billion, with current assets accounting for 65.9% of total assets[80]. - The group's total liabilities were approximately RMB 9.148 billion, with a debt-to-asset ratio of 71.63%, an increase of 0.24 percentage points from the previous period[81]. - The group's cash and cash equivalents were approximately RMB 961 million, an increase of RMB 183 million compared to the end of the previous year[79]. - The group reported a total comprehensive income of RMB 45,978 thousand for the period, compared to a loss of RMB 154,192 thousand in the same period last year, showing a significant turnaround[123]. - Total assets as of June 30, 2024, amounted to RMB 12,770,703 thousand, an increase from RMB 12,519,539 thousand as of December 31, 2023, representing a growth of approximately 2.0%[120]. - The company’s borrowings decreased to RMB 2,105,617 thousand from RMB 2,146,017 thousand, a reduction of about 1.9%[122]. Related Party Transactions - For the six months ended June 30, 2024, the group reported significant related party transactions, with procurement of components from Sichuan Material amounting to RMB 174,868,000, a 199% increase from RMB 58,497,000 in the same period of 2023[183]. - Sales of drilling machines, components, and other products to related parties totaled RMB 118,695,000, compared to RMB 92,275,000 in the previous year, reflecting a 28.8% increase[183]. - The group provided services to related parties amounting to RMB 10,165,000, down from RMB 21,889,000 in the previous year, indicating a decrease of 53.6%[186]. - The group reported a total of RMB 49,847,000 in service income from related parties, a substantial increase from RMB 4,234,000 in the previous year[186]. - Loans from related parties increased to RMB 587,653,000 in 2024 from RMB 445,000,000 in 2023, representing a 32% increase[190].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 2,776,000, an increase of 11.3% compared to RMB 2,494,437 for the same period in 2023[1] - Gross profit for the same period was RMB 301,514, representing a significant increase of 98.1% from RMB 152,202 in 2023[2] - Operating profit for the six months was RMB 80,970, a turnaround from an operating loss of RMB 22,563 in the previous year[2] - The company reported a net profit attributable to shareholders of RMB 2,419, compared to a loss of RMB 154,192 in the same period last year[2] - Basic and diluted earnings per share were RMB 0.03, recovering from a loss of RMB 2.91 per share in the previous year[2] - The gross margin improved to 10.9%, an increase of 4.8 percentage points from 6.1% in the prior year[1] - The group reported a pre-tax profit of RMB 12,498,000 for the six months ended June 30, 2024, recovering from a loss of RMB 167,149,000 in the same period of 2023[9] - For the six months ended June 30, 2024, the company reported a net loss attributable to owners of RMB 2,419 thousand, a significant improvement compared to a net loss of RMB 154,192 thousand for the same period in 2023[19] - EBITDA for the period was approximately RMB 232 million, an increase from RMB 134 million in the same period last year, with an EBITDA margin of 8.4% compared to 5.4% last year[62] Revenue Breakdown - The revenue from external customers in the land drilling segment was RMB 869,464,000, while the revenue from the same segment in the previous year was RMB 1,154,829,000, indicating a decrease of 24.7%[8] - The group generated RMB 327,584,000 in revenue from a single external customer, down from RMB 357,110,000 from another customer in the previous year[11] - The group’s revenue from the Middle East was RMB 779,714,000, a decrease of 4.9% from RMB 819,938,000 in 2023[10] - The group’s revenue from Africa was RMB 364,833,000, significantly increasing from RMB 101,834,000 in 2023, marking a growth of 258.5%[10] - The company’s sales revenue from the mainland China region was approximately RMB 1.296 billion, accounting for 46.7% of total revenue, an increase of RMB 107 million compared to the previous year[51] - The company’s export revenue was approximately RMB 1.48 billion, accounting for 53.3% of total revenue, an increase of RMB 1.75 million compared to the previous year[51] Expenses and Costs - Research and development expenses increased to RMB 58,212 from RMB 37,018, indicating a focus on innovation[2] - The company's sales cost for the period was approximately RMB 2.474 billion, an increase of RMB 132 million or 5.6% compared to RMB 2.342 billion in the same period last year[56] - The group's administrative expenses for the period were approximately RMB 130 million, an increase of RMB 9 million or 7.4% compared to RMB 121 million in the same period last year, primarily due to increased employee benefits[59] - Research and development expenses for the period were approximately RMB 58 million, an increase of RMB 21 million or 56.8% compared to RMB 37 million in the same period last year, reflecting a continued focus on automation, digitalization, and intelligence in drilling equipment[59] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 12,770,703, up from RMB 12,519,539 at the end of 2023[5] - The total non-current assets, excluding financial instruments and deferred tax assets, were RMB 3,273,972,000 as of June 30, 2024, down from RMB 3,375,106,000 at the end of 2023[11] - The group had cash and cash equivalents of approximately RMB 961 million, an increase of RMB 183 million compared to the end of the previous year[64] - The group's total liabilities were approximately RMB 9.148 billion, with a debt-to-asset ratio of 71.63%, an increase of 0.24 percentage points from the end of the previous year[66] - The total borrowings as of June 30, 2024, reached RMB 4,842,987, compared to RMB 4,470,069 as of December 31, 2023, indicating an increase of 8.3%[27] Dividends and Shareholder Returns - The company has proposed not to declare an interim dividend for the period[1] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[20] - The group proposed no interim dividend as of June 30, 2024[63] Operational Highlights - The company sold a total of 14 drilling rigs, generating sales of approximately RMB 869 million, a decrease of 24.8% from RMB 1.155 billion in the previous year[40] - Sales of spare parts amounted to RMB 1.426 billion, an increase of 61.7% compared to RMB 882 million in the same period last year[40] - The group completed 1,130 fracturing operations in the first half of the year, with a backlog of contracts amounting to approximately RMB 400 million as of June 30, 2024[41] - The group secured a drilling project contract with Sinopec, marking its entry into the Sichuan-Chongqing shale gas market, with the first well reaching a depth of 5,949 meters[42] - The renewable energy segment signed 32 orders for large offshore wind power jackets, with a backlog of contracts amounting to approximately RMB 900 million, including RMB 700 million for offshore wind power[44] Future Outlook - The company is optimistic about the business outlook for the second half of 2024, focusing on high-end and intelligent drilling equipment, as well as expanding into the coalbed methane market[49] - The company plans to enhance its offshore wind power products and services, leveraging technological advancements and market opportunities in the renewable energy sector[49] Compliance and Governance - The company has adopted a set of securities trading codes for directors, which are as strict as the standards outlined in the Listing Rules Appendix C3[72] - All directors confirmed compliance with the securities trading codes during the reporting period ending June 30, 2024[72] - There were no reported incidents of employees violating the written guidelines for securities trading during the reporting period[73]

宏华集团（0196.HK）海洋工程装备生产基地投资者开放日20240606 宏华海洋油气装备（江苏）有限公司是宏华集团附属公司，其位于长江入海口的江苏省启东海工船 舶工业园，是海洋工程装备领域集设计、建造、调试为一体的高新技术企业，厂区占地约140万平方 米，岸线长1800米，重型组块建造车间11万平米，拥有万吨龙门吊"宏海号"、舾装码头、材料码 头、港池等一系列配套设施，总体规划和布局合理，工艺流程高效，是母公司东方宏华海洋工程装备 的重要建造基地。 公司业务范围覆盖海上风电桩基钢构、升压站、海洋油气模块、船舶分/总段、容器等大型钢结构 建造加工，同时具备中小型工程船舶整体建造能力，在大型风电导管架细分市场占有率名列前茅。 核心亮点： 1.区位优势：宏华海洋基地位于长江入海口北岸，距离上海浦东国际机场仅 100 公里，拥有长达 1800 米的黄金海岸线，一期已投入使用的岸线长度 800 米，主航道自然水深处于 5.5 米至 8 米之 间，码头侧设计深度在 8 米左右。岸上还配备了 60 吨及 45 吨的岸吊各 1 台，对大型产品的运输 和服务具备显著的交通便利优势和成本优势。并且，这些资源还能作为未来海外业 ...

Financial Performance - The company reported a net loss of approximately RMB 419,265,000 for the year ending December 31, 2023, compared to a net loss of RMB 634,418,000 in 2022, indicating an improvement in performance[3][22]. - The group reported a total comprehensive loss of RMB 426,847,000 for the year ended December 31, 2023, compared to a loss of RMB 564,535,000 in 2022[35]. - The company reported a net loss of approximately RMB 4.192 billion for the year, a reduction of RMB 2.14 billion or 34.2% from a loss of RMB 6.251 billion in the previous year[94]. - The company reported a pre-tax loss of RMB 411,006 thousand for the year ended December 31, 2023, compared to a pre-tax loss of RMB 624,783 thousand in 2022, indicating a significant improvement[198]. Revenue and Growth - Total revenue from external customers reached RMB 5,473,234,000 in 2023, a significant increase from RMB 4,476,104,000 in 2022, representing a growth of approximately 22.3%[9]. - The company's revenue for the year was approximately RMB 5.473 billion, an increase of RMB 997 million or 22.3% from RMB 4.476 billion in the previous year[72]. - Revenue from land drilling rigs significantly increased to RMB 2,354,279,000 in 2023, up 216.3% from RMB 743,183,000 in 2022[170]. - Revenue from the drilling engineering services segment was RMB 3,409,556,000 in 2023, compared to RMB 3,002,218,000 in 2022, showing an increase of approximately 13.5%[7]. - Revenue from mainland China for the year was approximately RMB 2.21 billion, accounting for 40.4% of total revenue, a decrease of RMB 346 million year-over-year; export revenue was approximately RMB 3.26 billion, accounting for 59.6%, an increase of RMB 1.34 billion year-over-year[42]. Cash Flow and Liquidity - The company's cash inflow from operating activities was approximately RMB 62,044,000 for the year, reflecting a positive cash flow situation despite the net loss[3]. - The company expects to have sufficient liquidity to fund its operations for the next twelve months, supporting the going concern assumption[3]. - The group’s cash and cash equivalents as of December 31, 2023, were RMB 777,660,000, compared to RMB 601,001,000 in 2022[37]. - The group has unused borrowing facilities of RMB 8,842,340,000 due within one year, compared to RMB 2,096,306,000 in 2022[34]. Assets and Liabilities - Current assets exceeded current liabilities by RMB 1,304,121,000 as of December 31, 2023, indicating a strong liquidity position[3]. - As of December 31, 2023, total liabilities amounted to RMB 8,937,777,000, compared to RMB 9,128,492,000 in 2022[43]. - The group’s total assets as of December 31, 2023, were RMB 12,519,539,000, compared to RMB 12,322,487,000 in 2022[37]. - The total liabilities of the group as of December 31, 2023, were approximately RMB 8.94 billion, with current liabilities of approximately RMB 6.76 billion, a decrease of RMB 1.62 billion compared to the previous year[134]. Shareholder Information - The average number of ordinary shares issued was 7,041,777,000, leading to a basic and diluted loss per share of RMB (5.54) for 2023, an improvement from RMB (11.98) in 2022[22]. - The equity attributable to the owners of the company as of December 31, 2023, was approximately RMB 3.38 billion, an increase of RMB 420 million compared to December 31, 2022[135]. - The group incurred a basic loss per share of approximately RMB 0.0554 for the year[135]. Operational Highlights - The company achieved total sales of drilling rigs amounting to approximately RMB 2.354 billion, a significant increase of 216.8% compared to RMB 743 million in the same period last year[61]. - The company implemented a more prudent sales strategy, resulting in a 50.4% decrease in sales revenue from equipment and engineering services, totaling approximately RMB 525 million compared to RMB 1.059 billion last year[63]. - The company successfully launched a new intelligent manufacturing production line for solar thermal products, achieving a monthly production target of 2,000 sets[96]. - The company has developed a globally innovative all-electric fracturing pump system, promoting the transition of fracturing equipment towards electrification, automation, and digitization[97]. Research and Development - Research and development expenses for the year were approximately RMB 112 million, a decrease of 9.7% from RMB 124 million in the previous year, while total R&D investment increased by 28.0% to RMB 227 million[107]. - Research and development costs were approximately RMB 60,739,000 in 2023, a decrease from RMB 70,524,000 in 2022[177]. Future Outlook - The company plans to maintain a focus on deep earth, deep sea, and unconventional resources for oil and gas exploration in 2024, aiming to stabilize crude oil production at 200 million tons[99]. - The company is enhancing its internal management to improve profitability and operational quality, focusing on cost management and resource allocation[100].

Cash Flow and Financial Activities - Operating cash flow for the six months ended June 30, 2023, was RMB 80.745 million, compared to a negative RMB 446.501 million in the same period last year[4] - Net cash used in investing activities for the six months ended June 30, 2023, was RMB 80.723 million, compared to a positive RMB 40.897 million in the same period last year[4] - Net cash generated from financing activities for the six months ended June 30, 2023, was RMB 177.213 million, compared to RMB 43.166 million in the same period last year[4] - The company recorded a net loss of approximately RMB 168,120,000 for the six months ended June 30, 2023, with cash inflows from operating activities of approximately RMB 80,745,000[95] - The company completed a share subscription with Oriental Investment, raising approximately HKD 890,911,000 (RMB 814,613,000) in cash inflow[140] Revenue and Profitability - The company's total revenue from China (residence country) for the six months ended June 30, 2023, was RMB 2,780.897 million, down from RMB 2,949.692 million in the same period last year[14] - The company's total revenue from the Middle East and Africa region for the six months ended June 30, 2023, was RMB 450.106 million, up from RMB 389.420 million in the same period last year[14] - The company's total revenue from the Americas for the six months ended June 30, 2023, was RMB 1.306 million, slightly up from RMB 1.301 million in the same period last year[14] - Revenue for the first half of 2023 reached RMB 2.494 billion, a 65.3% increase compared to RMB 1.509 billion in the same period last year[154][160] - Gross profit for the first half of 2023 was RMB 152 million, a significant improvement from a loss of RMB 71 million in the same period last year[160] - The company's loss attributable to shareholders was RMB 154.192 million, a reduction from RMB 523.382 million in the same period last year[154] - The group's pre-tax loss for the first half of 2023 was RMB 167.149 million, compared to RMB 563.538 million in the same period of 2022[44] - The group's loss attributable to owners of the company was RMB 154.192 million in the first half of 2023, compared to RMB 523.382 million in the same period of 2022[53] - The group's basic and diluted loss per share was RMB 0.0291 in the first half of 2023, compared to RMB 0.0988 in the same period of 2022[53] Assets and Liabilities - As of June 30, 2023, the company's current assets exceeded current liabilities by RMB 1,053,046,000[95] - The company's trade payables increased to RMB 2,328,231,000 as of June 30, 2023, compared to RMB 1,667,336,000 as of December 31, 2022[93] - The company's trade receivables from joint ventures and other related parties amounted to RMB 532,532,000 and RMB 146,854,000, respectively, as of June 30, 2023[110] - The company's non-trade receivables from associates and other related parties were RMB 94,360,000 and RMB 500,000, respectively, as of June 30, 2023[110] - The company's trade payables to associates and other related parties were RMB 287,008,000 and RMB 105,379,000, respectively, as of June 30, 2023[111] - The company's non-trade payables to associates and other related parties were RMB 2,021,000 and RMB 113,000, respectively, as of June 30, 2023[111] - The company's investment in non-listed companies increased to RMB 109,423,000 as of June 30, 2023, from RMB 109,312,000 as of December 31, 2022[121] - The company's bank acceptance bills increased to RMB 68,302,000 as of June 30, 2023, from RMB 3,525,000 as of December 31, 2022[121] - Accounts receivable decreased to RMB 3,081,498 thousand as of June 30, 2023, compared to RMB 3,628,254 thousand as of December 31, 2022[124] - Trade-related receivables from related parties increased to RMB 683,227 thousand as of June 30, 2023, from RMB 338,272 thousand as of December 31, 2022[124] - Non-trade-related receivables from related parties decreased to RMB 97,303 thousand as of June 30, 2023, from RMB 283,938 thousand as of December 31, 2022[124] - Prepayments increased to RMB 1,073,328 thousand as of June 30, 2023, compared to RMB 684,456 thousand as of December 31, 2022[124] - Total current assets as of June 30, 2023, were RMB 4,641,147 thousand, slightly down from RMB 4,656,550 thousand as of December 31, 2022[124] - Total non-current assets as of June 30, 2023, were RMB 718,950 thousand, up from RMB 712,801 thousand as of December 31, 2022[124] - The company's total assets as of June 30, 2023, were RMB 5,360,097 thousand, nearly unchanged from RMB 5,369,351 thousand as of December 31, 2022[124] - Total assets increased by 6.8% to RMB 13.16 billion, while total liabilities rose by 10.9% to RMB 10.128 billion[154] Provisions and Write-downs - Inventory write-downs decreased to RMB 44.582 million in the first half of 2023 from RMB 115.322 million in the same period of 2022[47] - The group's provision for financial assets decreased to RMB 16.010 million in the first half of 2023 from RMB 82.485 million in the same period of 2022[47] - The group's provision for property, plant, and equipment, lease prepayments, and other intangible assets increased to RMB 36.197 million in the first half of 2023 from RMB 17.646 million in the same period of 2022[47] - The company's credit risk provision for other receivables from related parties decreased to RMB 6,284,000 as of June 30, 2023, from RMB 9,195,000 as of December 31, 2022[78] Sales and Market Performance - Sales of products and upgrade services to Honghua (Shenzhen) totaled RMB 11.947 million in the first half of 2023, a significant decrease from RMB 126.235 million in the same period of 2022[41] - Sales of drilling rigs surged by 571.5% to RMB 1.155 billion, and parts sales grew by 26.9% to RMB 882 million[165] - The company achieved a breakthrough in the wind power sector, with revenue from wind power business increasing by 1,311.8% to RMB 240 million[183] - The company's parts and other sales revenue increased by 26.9% to RMB 882 million in the first half of 2023, compared to RMB 695 million in the same period last year[199] Research and Development - The company's R&D in high-pressure fracturing equipment for unconventional oil and gas achieved a breakthrough, with the development of the enhanced 6000 series electric fracturing pump[185] - The company completed 48 new patent applications and obtained 37 new patents in the first half of 2023, with a total of 506 valid patents, including 214 invention patents[190] Operational Highlights - The company successfully implemented a green, low-carbon shale gas development model, achieving large-scale application of gas-electric fracturing services in Sichuan and Chongqing[167] - The company has 6 drilling teams operating in Iraq, with HH029 team achieving multiple new records in the Zubair oilfield, including early drilling by 5 days[188] - The company's total workforce increased by 10.2% to 2,677 employees as of June 30, 2023[190] Market and Industry Trends - Global upstream oil and gas investment is expected to grow at an annual rate of 8% in 2023, reaching approximately $470 billion, recovering from the cyclical low of $370 billion in 2020[192] - The global oil and gas contractor market is projected to peak at $1 trillion by 2025 and remain at high levels in subsequent years[192] - The company has established a comprehensive global market layout and brand image in the oil and gas equipment and services sector over 20 years[193] - The company will focus on new energy sectors such as wind power, solar, hydrogen, and geothermal energy, leveraging synergies with its parent company's industrial layout[195] - The company's international revenue has significantly increased due to the recovery of global oil and gas exploration activities[196] - The company's revenue distribution shows 2% from South Asia and Southeast Asia, and 2% from the Americas[197] Leasing and Borrowings - The company's new right-of-use assets for the six months ended June 30, 2023, were RMB 1.399 million, down from RMB 2.256 million in the same period last year[26] - The company's subsidiary, Honghua (China) Investment Co., Ltd., signed a loan agreement with Dongfang Electric Group Finance Co., Ltd. for a credit line of RMB 1.35 billion, of which RMB 445 million was drawn as of June 30, 2023[32] - The group's fixed-rate bank borrowings and bill facilities due within one year increased to RMB 2.218 billion as of June 30, 2023, from RMB 2.096 billion as of December 31, 2022[63] - The group's lease expenses for Honghua (Shenzhen) decreased to RMB 56.574 million in the first half of 2023 from RMB 79.996 million in the same period of 2022[74] Tax and Share Performance - The company's income tax expense for the six months ended June 30, 2023, was RMB 971,000, compared to a negative RMB 14.856 million in the same period last year[16] - The company's basic loss per share for the six months ended June 30, 2023, was RMB 0.029, based on a loss attributable to owners of the company of RMB 154.192 million and a weighted average number of shares of 5,294.906 million[21] Liquidity and Ratios - The company's liquidity improved, with the current ratio increasing to 1.14 and the quick ratio to 0.88[174] Market Share and Orders - The company's market share in the wind power sector reached 18.18%, securing 20 out of 110 new orders for wind turbine foundations[183]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Honghua Group Limited 宏 華 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：0196） 截至二零二三年六月三十日止六個月 中期業績公告 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 變動 （未經審核） （未經審核） 收入（人民幣千元） 2,494,437 1,509,177 65.3% 毛利（人民幣千元） 152,202 (71,172) – 毛利率(%) 6.1% (4.7%) 增加10.8個 百分點 經營虧損（人民幣千元） (22,563) (416,369) – ...

Greenhouse Gas Emissions and Environmental Goals - Total greenhouse gas emissions in 2022 were 10,851.7 tons of CO2 equivalent, with purchased electricity accounting for 73.29% (7,953 tons) of total emissions[2][4] - The company aims to reduce CO2 emissions per 10,000 yuan of output value by 18% within 5 years compared to 2020 levels[4] Waste Management - Total hazardous waste generated in 2022 was 297.52 tons, with paint residue being the largest component at 65% (193.38 tons)[5][6] - Non-hazardous waste generated in 2022 totaled 3,272.49 tons, with scrap steel accounting for 59.34% (1,942.05 tons)[9][10] - The company targets a 10% reduction in non-hazardous waste generation within 10 years compared to 2021 levels[9] Energy Consumption and Efficiency - Total energy consumption in 2022 was 25,728,538 kWh, with a goal to reduce energy consumption per 10,000 yuan of output value by 15% within 5 years compared to 2020 levels[18] - Total energy consumption reached 25,728,538 kWh, with natural gas accounting for 10,850,668 kWh, gasoline for 649,376 kWh, diesel for 283,109 kWh, and electricity for 13,945,385 kWh[19] - The company implemented measures to optimize energy efficiency, including using energy-saving lighting, high-efficiency vehicles, and setting air conditioning temperatures between 23-25°C[23] Water Management - Freshwater consumption was 313,976.04 cubic meters, with a water consumption density of 70.15 cubic meters per million RMB of revenue[21] - Wastewater generated during the reporting period totaled 214,400 cubic meters, treated to meet China's standards before discharge[22] - Water efficiency measures included recycling treated production water and using timed water supply systems in restrooms[24] VOC Treatment and Waste Management Technologies - The company's VOC treatment efficiency reaches 98% or higher through advanced technologies like zeolite rotor + catalytic combustion[13] - The company implemented a hazardous waste IoT project to monitor the entire process from generation to disposal[14] Employee Health and Safety - The company has arranged health check-ups for over 2,000 employees and built new sports facilities, including a basketball court, at its Guanghan base[41] - The company has provided epidemic-related support to over 600 employees during closed-loop production, distributing health-promoting equipment such as skipping ropes and chess sets[42] - The company maintained a zero fatality rate in workplace accidents for 2022, with only 1 incident resulting in more than 3 days of lost work time[67] - The company implemented strict COVID-19 prevention measures, including daily disinfection, mask mandates, and social distancing protocols[69] - The company conducted regular fire drills and provided personal protective equipment (PPE) to all employees[64] Employee Training and Development - The company provided training to 2,235 employees for a total of 88,867 hours, with an average of 39 hours per employee[74] - The company's training participation rate reached 98% for senior management, 100% for middle management, and 102% for frontline employees[73] - The company implemented innovative training methods, such as virtual reality (VR) and simulation, to improve safety education and training for employees[48] Employee Benefits and Turnover - The company has provided comprehensive employee benefits, including social insurance, housing provident fund contributions, and various allowances and bonuses[37] - The employee turnover rate was 27.61% for frontline and other employees, while senior management had a turnover rate of 0.30%[62] - The company's workforce composition was 87% male and 13% female[60] Product and Service Innovation - The company has developed China's first "one-click linkage" automated machine tool system and electric coiled tubing equipment, which have gained widespread market recognition and solidified its leading position in the drilling and fracturing market[33] - The company has established a comprehensive product and service system in the field of electric shale gas extraction, leveraging its patented high-power electric fracturing pumps and professional service teams[35] - The company has expanded its local power grid coverage to major shale gas extraction areas, effectively reducing extraction costs and addressing traditional challenges of high costs and low efficiency[35] Financial Performance - Company revenue in 2022 reached RMB 4.476 billion, a 52.4% increase compared to RMB 2.937 billion in the previous year[106] - Gross profit in 2022 was RMB 460 million, a 26.7% increase compared to RMB 363 million in the previous year[106] - The company's gross profit and net loss attributable to shareholders were approximately RMB 460 million and RMB 634 million, with gross profit margin and net loss margin of 10.3% and 14.2%, respectively[127] - The company's revenue for 2022 was approximately RMB 4.476 billion, an increase of RMB 1.539 billion or 52.4% compared to the previous year, driven by significant growth in land drilling rig and component sales, especially overseas orders[170] Sales and Orders - The company sold a total of 12 drilling rigs in 2022, with a total value of RMB 743 million, an increase of RMB 755 million compared to the previous year[111] - Parts sales in 2022 totaled RMB 2.255 billion, a 33.2% increase compared to RMB 1.693 billion in the previous year[111] - New overseas drilling equipment orders in 2022 amounted to RMB 2.485 billion, a 53.77% increase compared to 2021[111] - New product sales in 2022 reached RMB 215 million[111] - As of January 31, 2023, the company had drilling rig and related product orders totaling RMB 2.2 billion, with RMB 1.558 billion for complete land drilling rigs[112] Research and Development - The company applied for 84 new patents during the reporting period, including 53 invention patents, 29 utility model patents, and 2 design patents[91] - The company currently holds 790 intellectual property patents, including 275 invention patents, 497 utility model patents, and 18 design patents[91] - The company's total number of employees decreased by 15.1% to 2,410, while the number of R&D personnel increased by 8.17% to 596[120] Corporate Social Responsibility - The company invested over RMB 360,000 in purchasing agricultural products from national poverty-stricken counties as part of poverty alleviation efforts[143] - The company organized employee blood donation activities, totaling 16,000 milliliters, and raised over RMB 150,000 for earthquake relief in Ganzi[143] Supply Chain and Supplier Management - The company has 1,846 qualified suppliers, with over 90% sourced from China[81] - Suppliers are required to use environmentally friendly packaging materials and possess valid emission permits to pass the company's supplier evaluation[85] - Suppliers must sign safety, fire protection, and environmental protection agreements to qualify for collaboration with the company[85] Information Security and Data Protection - The company has implemented comprehensive information security management policies to protect internal information and data assets[91] - The company implemented strict information security measures, including access control, USB port usage restrictions, and encryption of core data[134] - No confirmed complaints were received regarding violations of customer privacy or data breaches during the reporting period[138] Corporate Governance and Shareholding - Zhang Mi, a director, holds 323,408,548 shares, representing 6.03% of the company's issued share capital[197] - Ren Jie, a former director, holds 124,530,240 shares, representing 2.32% of the company's issued share capital[197] - The company's board of directors recommended not to distribute an annual dividend for the year ended December 31, 2022[188] Financial Health and Cash Flow - The company's total reserves as of December 31, 2022, amounted to approximately RMB 2.476 billion[152] - The company's total borrowings as of December 31, 2022, were approximately RMB 4.948 billion, a decrease of RMB 198 million from the previous year[189] - Cash and cash equivalents as of December 31, 2022, were approximately RMB 601 million, a decrease of RMB 102 million from the previous year[190] - Net cash outflow from operating activities was approximately RMB 226 million, while net cash inflow from investing activities was RMB 71 million and net cash inflow from financing activities was RMB 25 million[192] Future Plans and Strategic Goals - The company plans to focus on digital transformation and low-carbon transformation, promoting electrification, automation, informatization, and digitalization of key components[127] - The company aims to expand its international drilling market and optimize its international marketing system and business layout[125] - The company will strengthen the market expansion of new products and technical marketing, further increasing the market share of automated tools and new five-cylinder pumps[125] - The company plans to optimize its organizational structure, enhance supply chain efficiency, and improve technological innovation capabilities to drive future growth[166]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任 Honghua Group Limited 宏 華 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：0196） 截至二零二二年十二月三十一日止年度全年業績公告 財務摘要 截至十二月三十一日止年度 二零二二年 二零二一年 變動 收入（人民幣千元） 4,476,104 2,936,604 52.4% 毛利（人民幣千元） 459,893 363,004 26.7% (2.1)個 毛利率(%) 10.3% 12.4% 百分點 經營虧損（人民幣千元） (433,203) (610,213) 29.0% 本公司股東應佔虧損（人民幣千元） (634,418) (717,191) (11.6)% 每股虧損－基本（人民幣分） (11.98) (13.54) (11.5)% ...

Financial Performance - For the first half of 2022, Honghua Group reported revenue of RMB 1,509.18 million, a decrease of 2.7% compared to RMB 1,551.54 million in the same period last year[9]. - The company experienced an operating loss of RMB 416.37 million, a significant increase of 2,718.1% from an operating loss of RMB 14.78 million in the previous year[9]. - The pre-tax loss reached RMB 563.54 million, up 686.3% from RMB 71.67 million in the prior year[9]. - Shareholders' loss attributable to the company was RMB 523.38 million, a 617.3% increase from RMB 72.97 million in the same period last year[9]. - The gross profit margin fell to -4.7%, a decline of 25.2 percentage points from 20.5% in the previous year[13]. - The net profit margin was -34.6%, down 29.9 percentage points from -4.7% in the previous year[13]. - The average return on equity dropped to -15.9%, a decrease of 14.2 percentage points from -1.7% in the previous year[13]. - The gross loss for the period was approximately RMB -0.071 billion, with a gross margin of -4.7%, a decline of 25.2 percentage points from 20.5% in the same period last year[48]. - The group's net loss attributable to shareholders was approximately RMB 0.523 billion, resulting in a net loss rate of 34.7%, compared to 4.7% in the same period last year[52]. - The company reported a total comprehensive loss of RMB 558,967 thousand for the first half of 2022, compared to a total comprehensive loss of RMB 63,979 thousand in the same period of 2021[106]. Assets and Liabilities - Total non-current assets decreased by 4.2% to RMB 4,787.33 million from RMB 4,998.48 million at the end of 2021[9]. - Total current assets also fell by 4.2% to RMB 6,462.93 million from RMB 6,749.43 million at the end of 2021[9]. - The total liabilities increased slightly by 0.8% to RMB 8,062.72 million from RMB 8,001.51 million at the end of 2021[9]. - The total assets of the group as of June 30, 2022, were approximately RMB 11.25 billion, with current assets at approximately RMB 6.46 billion, accounting for about 57.4% of total assets, a decrease of RMB 286 million from December 31, 2021[57]. - The total liabilities of the group as of June 30, 2022, were approximately RMB 8.06 billion, with current liabilities at approximately RMB 7.92 billion, representing about 98.2% of total liabilities, an increase of RMB 127 million from December 31, 2021[58]. - The company's equity attributable to owners decreased to RMB 3,187,541 thousand from RMB 3,746,396 thousand, a decline of approximately 15%[110]. - The asset-liability ratio of the group as of June 30, 2022, was 71.7%, an increase of 3.6 percentage points from December 31, 2021[58]. Sales and Revenue Streams - In the first half of 2022, the company sold a total of 5 drilling rigs, generating approximately RMB 172 million in sales, a 207.1% increase compared to RMB 56 million in the same period last year[23]. - The company achieved a total sales revenue of approximately RMB 443 million from equipment and engineering services in the first half of 2022, a decrease of 11.4% from RMB 500 million in the same period last year[25]. - The company’s offshore wind power business revenue decreased by 96.2% to RMB 17 million due to insufficient new orders following a policy vacuum after a rush to install projects in the second half of 2021[24]. - The special power business achieved revenue of RMB 69 million, representing a year-on-year growth of 64.3%[26]. - The drilling services generated sales revenue of approximately RMB 199 million, an increase of 46.3% compared to RMB 136 million in the same period last year[28]. - Revenue from external customers in China was RMB 946,650,000, down from RMB 1,250,586,000 in the previous year, indicating a decline of approximately 24.3%[135]. Operational Developments - The company produced 10.288 million tons of crude oil in the first half of 2022, representing a year-on-year growth of 4.0%[18]. - The company produced 109.6 billion cubic meters of natural gas in the first half of 2022, reflecting a year-on-year increase of 4.9%[18]. - The company has actively adjusted its market layout, increasing investment in traditional markets, particularly in the Americas, and has secured continuous drilling rig orders from new customers in Oman[23]. - The company plans to enhance oil and gas exploration capabilities in response to rising global oil prices, with increased upstream capital expenditure expected in the second half of 2022[34]. - The company aims to expand new product sales and explore overseas markets while maintaining a focus on quality and cost control[35]. - The company has successfully completed the longest horizontal section fracturing operation in China, measuring 3,601 meters[26]. Research and Development - The company applied for 36 patents in the first half of 2022, including 21 domestic invention patents and 6 international patents[31]. - The company successfully developed the first domestic dual-screw high-efficiency electric sand delivery device, achieving a maximum sand storage capacity of 120m³ and a maximum sand delivery efficiency of 160m³/h[25]. - The company is advancing the development of smart drilling rigs and intelligent electric fracturing systems, with some projects nearing completion[30]. Employee and Corporate Structure - The total number of employees decreased by 25.6% to 2,430 as of June 30, 2022, as part of a strategic adjustment[32]. - The company has a total of 318,202,548 shares held by Wealth Afflux Limited, representing 5.94% of the issued share capital[77]. - The major shareholder, Dongfang Electric Group International Investment Co., Ltd., holds 1,606,000,000 shares, accounting for 29.98% of the issued share capital[77]. - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[153]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of RMB 446,501 thousand, compared to RMB 823,490 thousand for the same period in 2021, representing a 45.7% improvement[120]. - The net cash outflow from financing activities was RMB 1,769,268 thousand for the first half of 2022, compared to RMB 1,400,551 thousand in the same period of 2021, reflecting a 26.3% increase in cash used for financing[120]. - The company has returned USD 200 million of senior notes with a coupon rate of 6.375% through low-cost loans, laying a solid foundation for better development amid industry recovery[21]. - The total borrowings of the group as of June 30, 2022, were approximately RMB 5.032 billion, a decrease of RMB 0.114 billion or 2.2% from December 31, 2021[55]. - The group had unused loan facilities amounting to RMB 3,241,312 as of June 30, 2022, compared to RMB 3,381,860 as of December 31, 2021, showing a decrease of 4.2%[171].