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 明 確 表 示 概 不 對因本公佈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。 EVERCHINA INT'L HOLDINGS COMPANY LIMITED 潤中國際控股有限公司 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：202） 截至二零二五年三月三十一日止年度 全年業績公佈 財務摘要 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度，本 集 團 之 經 審 核 業 績 如 下： – 1 – • 收益約為108,181,000港 元，較 去 年 增 加5.6%。 • 本年度虧損為40,238,000港 元，較 去 年 減 少87.5%。 • 董事會不建議就截至二零二五年三月三十一日止年度派付末期股 息（二 零 二 四 年：無）。 • 於 二 零 二 五 年 三 月 三 十 一 日，總 權 益 約 為1,096,429,000港 元，較 於 二 零二四年三月三十一日之約 ...

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，並明確表示概不對因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 EVERCHINA INT'L HOLDINGS COMPANY LIMITED 潤中國際控股有限公司 本公司謹就本公司於二零二一年九月三日採納的購股權計畫（「購股權計劃」）提供以 下補充資料。 (i) 根據購股權計劃的條款，本公司董事會（「董事會」）可酌情向（i）本集團任何 全職或兼職僱員，包括任何執行董事；及（ii）任何非執行董事，包括本集團的 獨立非執行董事（「參與者」）授予購股權。 (ii) 購股權持有人可根據購股權計劃之條款，於本公司董事會可絕對酌情決定之期間 內任何時間行使購股權，惟行使期由購股權授出日期起計不得超過十年及受其提 前終止條文規限。董事會可以設定有關行使購股權之限制。 (iii) 根據香港聯合交易所有限公司證券上市規則第十七章，購股權的歸屬期不得少於 12個月。 (iv) 接納授出購股權要約之開放期由授出函件之日起計為期二十八日。於接納購股權 時，承授人須向本公司支付1.00港元 ...

智通财经APP讯，润中国际控股(00202)公布，于2025年5月22日，公司间接全资附属公司北京博雅拟向 成建铃收购大咖机器人(北京)有限责任公司20%股权，代价为20万元，对应目标公司注册资本中的股权 人民币20万元。 作为投资计划的一部分及为便利就目标公司作出的投资，北京博雅于2025年5月22日与目标公司订立增 资协议，据此，北京博雅有条件同意向目标公司增资人民币3000万元，增资将悉数计入目标公司的储备 资本。 随着科技的进步及人工智能技术的普及，估计智能机器人将在未来几年广泛应用于日常生活中。对目标 公司的投资将是公司迈出智能机器人产业发展第一步的绝佳机会。公司及目标公司看好"作业机器人项 目"，而这正是设立目标公司的核心目的，以期打造具有世界一流技术竞争力的企业。公司了解智能机 器人投资涉及金额巨大，目标公司未来必然需要更多资金用于研发。考虑到核心团队将由来自领先机器 人公司的专业人士及顶尖科研人员组成，公司相信收购事项及增资将令集团发掘额外商机，使其业务多 元化，以提高盈利能力，增加股东回报，为未来业务发展打下基础。 于收购事项及增资完成后，目标公司将由卖方拥有40%权益、王坤拥有19%权益、 ...

Summary of Key Points Core Viewpoint - Zhongjie Resources (002021) has experienced a decline in stock price, closing at 2.3 yuan, down 6.88% from the previous week, with a current market capitalization of 2.688 billion yuan [1] Company Announcements - Zhongjie Resources has repurchased a total of 4,251,100 shares, representing 0.3527% of the company's total share capital [1] - The company plans to use its own funds to repurchase shares through centralized bidding, with a total repurchase amount not less than 20 million yuan and not exceeding 40 million yuan, at a price not exceeding 2.96 yuan per share [1] - The repurchase period is set for 12 months from the date of the shareholders' meeting approval, with the highest transaction price recorded at 2.31 yuan per share and the lowest at 1.67 yuan per share, totaling 7,980,400 yuan in transaction value [1]

Group 1 - The Hang Seng Index closed down 1.31% at 23,119.58 points on March 31, with Run China International Holdings (00202.HK) closing at HKD 0.079 per share, up 9.72% with a trading volume of 170,000 shares and a turnover of HKD 12,500 [1] - Over the past month, Run China International Holdings has seen a cumulative decline of 4%, and a year-to-date decline of 40.98%, underperforming the Hang Seng Index by 16.78% [1] - As of September 30, 2024, Run China International Holdings reported total revenue of HKD 41.5996 million, a year-on-year increase of 3.42%, and a net profit attributable to shareholders of -HKD 61.0782 million, a year-on-year increase of 63.76%, with a gross margin of 34.52% and a debt-to-asset ratio of 23.59% [1] Group 2 - Currently, there are no institutional investment ratings for Run China International Holdings [2] - The average industry price-to-earnings (P/E) ratio (TTM) is 4.96 times, with a median of 0.46 times, while Run China International Holdings has a P/E ratio of -2.62 times, ranking 18th in the industry [2] - Run China International Holdings was developed based on the acquisition and restructuring of the former Barington International, serving as a model for Chinese private enterprises entering international capital markets [2]

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 46,130,000, an increase from HKD 44,605,000 in the same period of 2023, representing a growth of approximately 3.4%[15] - The company incurred a loss of HKD 67,741,000 for the period, a significant improvement compared to a loss of HKD 186,896,000 in the prior year, indicating a reduction in losses by about 63.8%[15] - The gross profit margin for the period was approximately 65.4%, compared to 47.5% in the previous year, reflecting improved cost management and operational efficiency[15] - The company reported an operating loss of HKD 65,566,000, a decrease from an operating loss of HKD 114,792,000 in the same period last year, showing a 42.9% improvement[15] - The basic loss per share from continuing operations was HKD 0.929, compared to HKD 2.562 in the previous year, indicating a significant reduction in per-share losses[15] - The company recognized a net other income of HKD 15,924,000, which contributed positively to the overall financial performance for the period[15] - Total comprehensive expenses for the period were HKD 63,126,000, significantly reduced from HKD 243,055,000 in the previous year, indicating a decrease of 74.0%[18] - The total pre-tax loss for the group was HKD 81,216,000 for the six months ended September 30, 2024, a decrease from a loss of HKD 128,653,000 in the same period of 2023, indicating an improvement of 36.8%[69] Cash Flow and Liquidity - The company's cash and cash equivalents stood at HKD 109,865,000, which is insufficient to cover short-term borrowings of HKD 237,111,000 due within twelve months, raising concerns about the company's ability to continue as a going concern[11] - For the six months ended September 30, 2024, the company reported a net cash outflow from operating activities of HKD (228,718,000), compared to a net inflow of HKD 14,324,000 for the same period in 2023[36] - The company generated net cash inflow from investment activities of HKD 339,038,000, a significant increase from HKD 41,541,000 in the previous year[36] - The company plans to recover receivables of approximately HKD 192,480,000 to improve future operating cash flow[46] - The company is actively negotiating with lenders for the renewal of bank and other borrowings due within twelve months[46] - A major shareholder has agreed to provide financial support to the company for the next twelve months to ensure it can meet its liabilities as they fall due[46] - The company’s cash flow forecast indicates it will be able to fund its operations and meet its financial obligations over the next twelve months[47] - The group recorded a significant decrease in management fees paid to a related company, amounting to HKD 281,000 compared to HKD 526,000 in the previous year[160] Assets and Liabilities - The company's cash and cash equivalents increased to HKD 109,865,000 as of September 30, 2024, up from HKD 24,918,000 at the end of March 2024, showing a substantial growth of 340.5%[23] - Non-current assets decreased to HKD 1,101,085,000 from HKD 1,087,140,000, reflecting a decline of 1.3%[23] - The total assets amounted to HKD 1,446,913,000, down from HKD 1,564,676,000, which is a decrease of 7.5%[23] - The company's equity attributable to owners decreased to HKD 1,076,561,000 from HKD 1,139,676,000, a decline of 5.5%[23] - The net current assets were HKD 34,618,000, down from HKD 141,254,000, representing a decrease of 75.5%[23] - The company’s total liabilities decreased to HKD 341,262,000 from HKD 395,899,000, a reduction of 13.8%[23] - The group had bank borrowings of HKD 237,111,000 as of September 30, 2024, down from HKD 247,166,000 as of March 31, 2024[151] - The group has no significant contingent liabilities as of September 30, 2024[196] Operational Strategies and Future Outlook - The company is focusing on improving its operational strategies and exploring potential market expansions to enhance revenue streams in the future[11] - The company plans to continue focusing on cost reduction and operational efficiency to improve future performance[18] - The group has capital commitments of HKD 12,556,000 for investments in joint ventures as of September 30, 2024[162] - The group has not engaged in any significant acquisitions or disposals of subsidiaries or associates during the six months ended September 30, 2024[195] Revenue Breakdown - The total revenue for the agricultural business was HKD 30,829,000 for the six months ended September 30, 2024, compared to HKD 30,151,000 for the same period in 2023, reflecting an increase of 2.2%[69] - The property investment business generated revenue of HKD 15,301,000 for the six months ended September 30, 2024, up from HKD 14,454,000 in the previous year, representing a growth of 5.9%[69] - Agricultural business revenue increased by 2.2% to approximately HKD 30,829,000, accounting for 66.8% of total group revenue[173] - Crop sales generated revenue of approximately HKD 29,522,000, while cattle sales contributed HKD 1,307,000[173] - Rental income from property investment increased by 5.9% to approximately HKD 15,301,000, representing 33.2% of total group revenue[176] Tax and Financial Costs - Tax expenses for the period were HKD 15,854,000, down from HKD 29,186,000 in the previous year, showing a reduction of 45.5%[102] - The company’s financial costs increased to HKD 14,481,000 from HKD 13,861,000, reflecting a rise of 4.5%[99] - The group recorded a tax credit of HKD 29,329,000 for the six months ended September 30, 2024, compared to a tax credit of HKD 2,621,000 in the previous year[115] Shareholder Information - The group’s issued and fully paid ordinary shares remained at 7,294,369,363 shares as of September 30, 2024[136] - The weighted average number of ordinary shares used for calculating basic and diluted loss per share was 7,294,369,363 for both periods[118] - The company did not declare any dividends for the six months ended September 30, 2024, and 2023[123]

Financial Performance - The company reported a loss of HKD 67,741,000 for the six months ended September 30, 2024, a decrease of 63.8% compared to the same period in 2023[4]. - The total comprehensive loss for the period was HKD 63,126,000, compared to HKD 243,055,000 in the same period last year[11]. - The company reported a loss attributable to owners of the company of HKD 67,730,000, down from HKD 186,884,000 in the previous year[6]. - The group reported a net loss of approximately HKD 67,741,000 for the six months ending September 30, 2024, compared to a net loss of HKD 186,896,000 for the same period in 2023[26]. - The loss for the period, including both continuing and discontinued operations, was approximately HKD 67,741,000, a decrease of about 63.8% from HKD 186,896,000 in the previous year[77]. - The operating loss for the period was HKD 65,566,000, significantly improved from HKD 114,792,000 in the previous year[4]. Revenue and Operations - Revenue from continuing operations for the six months was HKD 46,130,000, compared to HKD 44,605,000 in the same period last year, reflecting an increase of 3.4%[4]. - Total revenue for the agricultural business reached HKD 30,829,000, compared to HKD 30,151,000 in the previous period, reflecting a slight increase[36]. - Property investment business generated revenue of HKD 15,301,000, up from HKD 14,454,000, indicating a growth of approximately 5.8%[36]. - The total revenue for the group was HKD 46,130,000, an increase from HKD 44,605,000, representing a growth of about 3.4%[36]. - Revenue for the six months ended September 30, 2024, was HKD 46,130 million, an increase of 3.4% compared to HKD 44,605 million for the same period in 2023[53]. Assets and Liabilities - Total equity as of September 30, 2024, was HKD 1,105,651,000, down 5.4% from HKD 1,168,777,000 on March 31, 2024[4]. - The total assets decreased to HKD 1,446,913,000 from HKD 1,564,676,000 as of March 31, 2024[16]. - The total liabilities of the group decreased to HKD 341,262,000 from HKD 395,899,000, showing a reduction of approximately 13.8%[42]. - As of September 30, 2024, the group's total borrowings were approximately HKD 237,111,000, with a debt-to-asset ratio of 16.4%[94]. Cash Flow and Financing - The group's cash and cash equivalents amounted to approximately HKD 109,865,000 as of September 30, 2024, an increase from HKD 24,918,000 as of March 31, 2024[26]. - The group's cash and cash equivalents were HKD 109,865,000, insufficient to cover the bank and other borrowings due within twelve months[118]. - Management aims to recover receivables of approximately HKD 192,480,000 to improve future operating cash flow[28]. - The company is actively negotiating with lenders for the renewal of bank and other borrowings[28]. - A major shareholder has agreed to provide financial support for the company's operations for the next twelve months[28]. Dividends and Shareholder Information - The company did not recommend an interim dividend for the six months ended September 30, 2024, consistent with the previous year[4]. - The board has resolved not to declare any interim dividend for the six months ended September 30, 2024[1][110]. Impairments and Provisions - The company incurred a loss of HKD 27,345 million in provisions for expected credit losses, compared to a gain of HKD 98 million in the previous year[56]. - The company reported a loss of HKD 1,079 million in impairment losses on property, plant, and equipment for the current period[56]. - The expected credit loss provision for trade and other receivables was approximately HKD 27,345,000, compared to a reversal of HKD 98,000 in the previous year[77]. Corporate Governance and Compliance - The company has taken sufficient measures to ensure that its corporate governance practices are not less stringent than the code provisions[113]. - The company confirmed compliance with the standard code for securities trading as of September 30, 2024[114]. - The audit committee, consisting of Mr. He Yao Yu, Mr. Gao Ming Dong, and Mr. Wu Zhi Bin, reviewed the interim financial statements[115]. Future Outlook and Risks - The independent auditor's report indicated significant uncertainties regarding the group's ability to continue as a going concern[118]. - The group continues to monitor foreign exchange risks and has not entered into any hedging instruments[1][105].

Financial Performance - The company reported a loss of HKD 67,741,000 for the six months ended September 30, 2024, a decrease of 63.8% compared to the same period in 2023[2]. - The total comprehensive loss for the period was HKD 63,126,000, compared to HKD 243,055,000 in the same period last year[11]. - The group reported a net loss of approximately HKD 67,741,000 for the six months ending September 30, 2024, compared to a net loss of HKD 186,896,000 for the same period in 2023[26]. - The loss for the period, including both continuing and discontinued operations, was approximately HKD 67,741,000, a decrease of about 63.8% from HKD 186,896,000 in the previous year[77]. - The pre-tax loss for the group was HKD 81,216,000, compared to a pre-tax loss of HKD 128,653,000 for the same period last year, indicating an improvement[36]. - The company reported a significant loss of HKD 67,730 million for the six months ended September 30, 2024, compared to a loss of HKD 186,884 million in the same period of 2023[64]. Revenue and Operations - Revenue from continuing operations for the six months was HKD 46,130,000, compared to HKD 44,605,000 in the same period last year, reflecting an increase of 3.4%[4]. - Total revenue for the agricultural business reached HKD 30,829,000, while property investment business generated HKD 15,301,000, resulting in a total revenue of HKD 46,130,000 for the six months ended September 30, 2024[36]. - The group's revenue from continuing operations for the six months ended September 30, 2024, was approximately HKD 46,130,000, an increase of about 3.4% compared to HKD 44,605,000 for the same period last year[77]. - Revenue for the six months ended September 30, 2024, was HKD 46,130 million, an increase of 3.4% compared to HKD 44,605 million for the same period in 2023[53]. - Property rental income increased to HKD 15,301 million, up 5.8% from HKD 14,454 million in the previous year[53]. - The group’s total revenue from external customers in China was HKD 15,301,000, while Bolivia contributed HKD 30,829,000, totaling HKD 46,130,000 for the six months ended September 30, 2024[50]. Assets and Liabilities - Total equity as of September 30, 2024, was HKD 1,105,651,000, down 5.4% from HKD 1,168,777,000 on March 31, 2024[2]. - The group's total assets decreased from HKD 1,564,676,000 as of March 31, 2024, to HKD 1,446,913,000 as of September 30, 2024[41]. - The group reported a total liability of HKD 341,262,000, down from HKD 395,899,000 as of March 31, 2024, reflecting a decrease in overall liabilities[42]. - As of September 30, 2024, the group had short-term bank and other borrowings of approximately HKD 237,111,000, which are due within twelve months[28]. - As of September 30, 2024, the group's short-term bank and other borrowings amounted to approximately HKD 237,111,000[118]. - The group's cash and cash equivalents were HKD 109,865,000, insufficient to cover the bank and other borrowings due within twelve months[118]. Cash Flow and Financial Position - Cash and cash equivalents increased to HKD 109,865,000 from HKD 24,918,000 as of March 31, 2024[14]. - The group's cash and cash equivalents amounted to approximately HKD 109,865,000 as of September 30, 2024, an increase from HKD 24,918,000 as of March 31, 2024[26]. - The group aims to recover other receivables of HKD 192,480,000 to improve future operating cash flow[97]. - Management aims to recover receivables of approximately HKD 192,480,000 to improve future operating cash flow[28]. - The expected credit loss provision for trade and other receivables was approximately HKD 27,345,000, compared to a reversal of approximately HKD 98,000 in the previous year[77]. Dividends and Shareholder Support - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[2]. - The board has resolved not to declare any interim dividend for the six months ending September 30, 2024[110]. - A major shareholder has agreed to provide financial support for the company's operations for the next twelve months[28]. - A major shareholder has agreed to provide financial support for the group's operations over the next twelve months[97]. Operational Strategies and Future Outlook - The group will continue to implement measures to control administrative costs and manage capital expenditures[28]. - The group plans to adopt various measures to enhance rental income levels and closely monitor market conditions, with potential asset disposals to improve operational liquidity[86]. - The financial statements have been prepared based on the going concern basis, considering future cash flow forecasts[29]. - The independent auditor's report indicated no reservations regarding the interim financial statements, but highlighted significant uncertainties regarding the group's ability to continue as a going concern[117][118]. Employment and Staffing - The group employed approximately 100 staff as of September 30, 2024, down from 115 as of March 31, 2024[109].

Energy and Environmental Goals - The group aims to reduce its overall energy consumption density, fuel consumption total density, and overall energy consumption density by 10% over the next ten years, starting from 2023/2024[1]. - The overall water generation density decreased by 96.27%, from 1.34 cubic meters per hectare to 0.05 cubic meters per hectare[3]. - The group recognizes climate change as a significant risk, with all climate-related risks assessed as medium or high risk levels[12]. - The group anticipates that climate change will increase drought risks, adversely affecting rice and soybean crop yields as well as cattle production[14]. - The group monitors greenhouse gas emissions across Scope 1, Scope 2, and Scope 3, ensuring effective and quantifiable assessments[15]. - The group has implemented a series of measures to protect soil health, recognizing it as a critical aspect of its agricultural operations[4]. Workforce and Employment - The total number of employees as of 2024 is 130, with 84 full-time and 10 part-time employees[28]. - The agricultural business employs 75% of the workforce, while the hotel business employs 27%[28]. - The employee turnover rate for the reporting period was 10.6%, with 10 employees leaving the company[58]. - The turnover rate in mainland China was 23.5%, while the overall turnover rate for the agricultural business was 7.8%[59]. - The group has established policies to ensure employee rights are protected and respected, with a focus on fair treatment in hiring, training, and promotion[22]. - The group has no significant violations related to providing a safe working environment or protecting employees from occupational hazards during the reporting period[34]. - The company emphasizes occupational health and safety, adhering to relevant laws to avoid health risks for employees[60]. Supplier and Procurement Practices - The company employed 338 suppliers in Bolivia and mainland China for agricultural resources and services[70]. - Over 80% of the company's approved suppliers are local suppliers, supporting the local economy[72]. - The company has developed a rating and scoring system for selecting suppliers, ensuring compliance with 20 predefined standards[73]. - The company does not use contractors for its agricultural business, directly hiring all employees to minimize the risk of child or forced labor[68]. Financial Performance and Revenue - The agricultural business generated revenue of approximately HKD 73,901,000, a decrease of 17.7% compared to HKD 89,749,000 in the previous year, accounting for 72.1% of the total revenue[146]. - The average selling price of soybeans decreased by 21.7% to approximately USD 360 per ton, leading to a loss of about HKD 10,967,000 in this segment, compared to a profit of HKD 21,780,000 in the previous year[146]. - The group’s revenue from continuing operations for the year ended March 31, 2024, was approximately HKD 102,484,000, a decrease of about 13% compared to HKD 117,777,000 in 2023[156]. - The total loss for the year, including both continuing and discontinued operations, was approximately HKD 322,522,000, an increase of about 63.4% from HKD 197,419,000 in the previous year[156]. - The basic loss per share for the year was HKD 4.385, compared to HKD 2.694 in the previous year[156]. Corporate Governance and Ethics - The company emphasized a zero-tolerance policy towards bribery and corruption, maintaining high ethical standards[106]. - A whistleblowing policy has been implemented to address concerns regarding misconduct, including financial reporting and ethical behavior, ensuring confidentiality for whistleblowers[133]. - The company maintains a zero-tolerance stance towards bribery and corruption, committing to ethical business practices across all operations[133]. Community Engagement and Social Responsibility - The company is committed to community support and will seek future opportunities for local investment and collaboration[108]. - The company has not held any community events or donations during the reporting period but plans to invest in local communities in the future[108]. Sustainability and ESG Initiatives - The board is committed to environmental, social, and governance (ESG) issues, ensuring compliance with legal regulations and promoting sustainable agricultural practices to reduce carbon emissions[122]. - The company has established key performance indicators (KPIs) for effective measurement and comparison of its ESG performance, adhering to the standards set by the Hong Kong Stock Exchange[124]. - A review of the sustainability strategy is conducted annually, with adjustments made as necessary to align with the company's long-term business strategy[127]. - The company has identified six major ESG aspects, including climate change, energy, environmental measures, data protection, and anti-corruption[130]. - The company is committed to sustainable development and will consider it more in future investment decisions[140]. Property and Investment Performance - The investment properties in Beijing and Shanghai had a fair value loss of approximately HKD 151,648,000, primarily due to the continued decline in demand for commercial properties in China[148]. - The group’s hotel property in Shanghai has been closed since January 8, 2023, resulting in no revenue for the year, compared to HKD 28,615,000 in 2023, and a pre-tax loss of approximately HKD 22,069,000[168]. - Rental income from property investment slightly increased by 2% to approximately HKD 28,583,000, accounting for 27.9% of total revenue[188]. - Average occupancy rates for Beijing and Shanghai properties were 80% and 54% respectively, with the latter remaining unchanged from the previous year[188]. - Segment loss decreased to approximately HKD 135,549,000, down from HKD 152,064,000 in the previous year, primarily due to reduced losses from changes in fair value of investment properties[188]. Mining Operations and Future Plans - The company has not commenced production activities in its mining operations in Indonesia, resulting in a segment loss of approximately HKD 53,675,000 for the year[149]. - The company adopted the income approach for valuation of mining rights, with the manganese ore benchmark price decreasing by approximately 10.4% to USD 133.15 per ton[191]. - The first-year production of ore is estimated at 19,000 tons, with a projected increase to 1,556,000 tons by the fifth year[191]. - Capital expenditure for the mining project is estimated at USD 9,777,000[191]. - The group plans to enhance rental income levels and may liquidate part of its Shanghai properties to increase operational funds if necessary[160]. - The group will adopt a conservative approach and closely monitor market conditions, considering partnerships with experienced parties in resource development and investment[165].

Financial Performance - Revenue from continuing operations for the year ended March 31, 2024, was approximately HKD 102,484,000, a decrease of 13% compared to the previous year[12] - The loss for the year amounted to HKD 322,522,000, an increase of 63.4% from the previous year's loss of HKD 197,419,000[12] - The total comprehensive expenses for the year were HKD 352,939,000, compared to HKD 325,024,000 in the previous year[9] - The loss attributable to owners of the company from continuing operations was HKD 273,702,000, compared to HKD 240,428,000 in the previous year[3] - The basic and diluted loss per share from continuing operations was HKD 4.385, compared to HKD 2.694 in the previous year[4] - The company reported a significant increase in operating loss to HKD 245,624,000 from HKD 194,277,000 in the previous year[13] - The company reported a pre-tax loss of HKD 274,851,000 for 2024, compared to a pre-tax loss of HKD 244,773,000 in 2023[36] - The company recorded a total loss for the year of HKD (319,846,000), compared to a loss of HKD (196,544,000) in the previous year, reflecting an increase in loss of approximately 62.5%[94] - The company recorded a loss from continuing operations of approximately HKD 276,378,000, an increase of about 14.5% compared to the previous year's loss of HKD 241,303,000[114] Equity and Assets - Total equity as of March 31, 2024, was approximately HKD 1,168,777,000, a decrease of 23.2% from HKD 1,521,716,000 as of March 31, 2023[12] - The net asset value per share as of March 31, 2024, was HKD 0.16, down 23.8% from HKD 0.21 as of March 31, 2023[12] - The total assets as of March 31, 2024, were HKD 1,564,676,000, down from HKD 2,558,371,000 in 2023[26] - The total equity decreased to HKD 1,168,777,000 in 2024 from HKD 1,521,716,000 in 2023, indicating a decline of about 23.2%[92] - The company’s total assets less current liabilities stood at HKD 1,228.4 million, a decrease from HKD 1,591.3 million in the previous year[175] Revenue Breakdown - Agricultural business revenue for 2024 was HKD 73,901,000, down 17.7% from HKD 89,749,000 in 2023[36] - Total revenue for 2024 was HKD 102,484,000, a decrease of 12.9% compared to HKD 117,777,000 in 2023[36] - The company’s hotel business generated revenue of HKD 1,087,140,000 for the year, a decrease from HKD 1,766,460,000 in the previous year[73] - The hotel business generated no revenue this year, down from HKD 28,615,000 in the previous year, resulting in a pre-tax loss of approximately HKD 22,069,000[131] - The company’s agricultural business reported revenue of HKD 68,998,000 for the year ended March 31, 2024, compared to HKD 79,414,000 in the previous year[190] Impairment and Losses - The company incurred a loss of HKD 16,608,000 due to impairment of mining rights[36] - The impairment loss on mining rights increased by approximately 219% to about HKD 52,974,000, compared to HKD 16,608,000 in the previous year[114] - The fair value loss of biological assets amounted to HKD 168,966,000[36] - The fair value changes of investment properties resulted in a loss of HKD 151,648,000, reflecting market volatility[52] - The company reported a loss of HKD 22,174,000 from discontinued operations, highlighting the impact of previous business decisions[79] Cash Flow and Liquidity - As of March 31, 2024, the company had cash and cash equivalents of HKD 24,918,000, which is insufficient to cover the short-term bank and other borrowings of approximately HKD 247,166,000 due within twelve months[103] - The group’s cash and cash equivalents were approximately HKD 24,918,000 as of March 31, 2024, significantly lower than HKD 60,746,000 in the previous year[198] - The group is actively seeking potential buyers for certain commercial properties to improve liquidity[181] - The group is in discussions with lenders regarding the renewal of bank and other borrowings due within the next twelve months, which total approximately HKD 245,213,000[199] Dividends and Shareholder Returns - The company does not recommend a final dividend for the year ended March 31, 2024[12] - The company has not declared any dividends for the years ended March 31, 2024, and 2023[89] Operational Changes - The company has ceased its securities investment and financing business as of April 2023[29] - The group decided to terminate its securities investment and financing business to minimize associated business risks, recording a pre-tax segment loss of HKD 23,000 for the year, compared to a profit of HKD 41,770,000 in the previous year[139] - The group has terminated operations in the hotel and securities investment and financing businesses during the year[194] Future Outlook - The company expects to maintain sufficient working capital to meet its current needs and believes it can continue its business model[21] - The company plans to adopt various measures to enhance rental income levels and closely monitor market conditions[124] - The company has entered into a joint venture agreement to establish a company with a 34% stake, aimed at developing renewable energy businesses[132]