外资态度来看，本期较上一季度持股减少的外资基金共计1个，即香港中央结算有限公司，持股减少占 比小幅下跌。 公募基金方面本期较上一季度持股减少的公募基金共计4个，包括南方中证1000ETF、华夏中证 1000ETF、广发中证1000ETF、广发中证基建工程ETF，持股减少占比达0.20%。本期较上一季度新披露 的公募基金共计83个，主要包括富国中证1000ETF、基建ETF、中信保诚中证基建工程指数(LOF)A、中 欧中证1000指数增强A、易方达中证1000ETF等。 险资方向，本期较上一季度持股减少的险资共计1个，即长城人寿保险股份有限公司-自有资金，持股减 少占比小幅下跌。 2025年4月12日，广东建工(002060.SZ)发布2024年年度报告。截至2025年4月11日，共有92个机构投资 者披露持有广东建工A股股份，合计持股量达28.71亿股，占广东建工总股本的76.46%。其中，前十大 机构投资者包括广东省建筑工程集团控股有限公司、长城人寿保险股份有限公司-自有资金、香港中央 结算有限公司、广东省建筑科学研究院集团股份有限公司、招商银行股份有限公司-南方中证1000交易 型开放式指数证券投资基金、 ...

Financial Performance - For the fiscal year ending December 31, 2024, revenue was approximately $166.8 million, a decrease of 8.0% compared to 2023[2]. - Gross profit for the same period was approximately $41.5 million, an increase of 1.2% from 2023, with a gross margin rising from 22.6% to 24.9%[2][3]. - Profit attributable to owners of the company was approximately $9.2 million, a decrease of 3.6% from $9.5 million in 2023[2][3]. - Operating profit for the year was $14.1 million, slightly down from $14.2 million in 2023[3]. - Total comprehensive income for the year was $1.9 million, down from $9.2 million in 2023[4]. - The company reported a basic and diluted earnings per share of $0.29, compared to $0.30 in 2023[3]. - The company’s pre-tax profit before adjustments was $21,306 thousand for 2024, compared to $15,753 thousand in 2023, indicating a significant increase of approximately 35.5%[17]. - Basic earnings per share for 2024 were approximately $9,160 thousand, compared to $9,502 thousand in 2023, reflecting a decrease of about 3.6%[22]. Revenue Breakdown - Total revenue for the group was $166.773 million in 2024, down from $181.337 million in 2023, reflecting a decrease of about 8.0%[15]. - Revenue from sales of land and offshore drilling platform-related equipment and offshore wind installation platforms decreased to $86.068 million in 2024 from $99.337 million in 2023, representing a decline of approximately 13.0%[15]. - Revenue from oilfield materials and related installation services decreased to $25.755 million in 2024 from $29.089 million in 2023, a decrease of about 11.4%[15]. - Revenue from external customers in the equipment manufacturing and general contracting segment was $86,562 thousand, down from $101,374 thousand in 2023, a decline of approximately 14.6%[17]. - The supply chain and integrated services segment generated $25,755 thousand in revenue, a decrease from $29,089 thousand, reflecting a decline of about 11.5%[17]. - The asset management and engineering services segment saw revenue increase to $54,456 thousand from $50,874 thousand, marking an increase of approximately 9.3%[17]. - Rental income from operating leases of land and offshore drilling platforms decreased to $494,000 in 2024 from $2.037 million in 2023, a decline of approximately 75.7%[15]. - Rental income from operating leases of saturation diving support vessels decreased to $24.496 million in 2024 from $30.825 million in 2023, a decrease of about 20.6%[15]. Assets and Liabilities - Total assets less current liabilities amounted to $182.8 million, down from $198.0 million in 2023[5]. - Non-current assets decreased from $81.4 million in 2023 to $53.3 million in 2024[5]. - Current assets increased from $244.9 million in 2023 to $257.1 million in 2024[5]. - Trade receivables increased to $140,059 thousand in 2024 from $126,020 thousand in 2023, representing an increase of about 11.1%[24]. - Inventory levels decreased slightly to $37,184 thousand in 2024 from $39,950 thousand in 2023, a reduction of approximately 7%[24]. - Trade payables decreased to $24,152 thousand in 2024 from $34,014 thousand in 2023, a decline of approximately 29%[26]. - Current liabilities were approximately $127.5 million as of December 31, 2024, compared to $128.3 million in 2023[47]. - The asset-liability ratio as of December 31, 2024, was 42.2%, down from 46.1% in 2023[47]. Dividends - The board proposed a final dividend of HKD 0.01 per share for the fiscal year ending December 31, 2024[2]. - The company proposed a final dividend of approximately HKD 32,434,000 for the year ending December 31, 2024, pending shareholder approval[21]. - The board proposed a final dividend of HKD 0.01 per share, totaling approximately HKD 32,434,339, which is a change from no dividend in 2023[73]. Strategic Initiatives - The company aims to enhance its capabilities in "green energy + intelligent equipment" to create long-term value for shareholders and society[32]. - The company plans to deploy its five-year strategic plan focusing on "hydrogen, machinery, electricity, and services" with green energy products at its core[65]. - The company is focusing on the development of hydrogen production equipment and hydrogen refueling infrastructure to capture market resources and gain competitive advantages[66]. - The company aims to enhance its core technology to improve energy conversion efficiency and reduce carbon emissions, emphasizing technological attributes in hydrogen-based energy and high-end equipment[65]. - The company is actively pursuing overseas opportunities in hydrogen projects, considering models such as "domestic production + overseas assembly" to leverage existing networks[66]. - The company aims to build a global service center focusing on maritime services, maintenance services, and asset management services to support energy transition[68]. - The company is expanding its product line in high-end equipment, targeting low-carbon and zero-carbon comprehensive solutions for shipbuilding and marine equipment[67]. - The company aims to expand its green energy business scale and improve its financial performance through strategic investments and partnerships in hydrogen equipment manufacturing[71]. Market Outlook - The global economy showed growth in 2024, but the pace of growth has slowed compared to pre-pandemic levels, with overall inflation trending downward but remaining uncertain[54]. - The World Bank projects global economic growth to stabilize at 2.6% in 2024, with a slight increase to an average of 2.7% from 2025 to 2026, lower than the pre-pandemic average of 3.1%[55]. - Brent crude oil futures are expected to average $79.77 per barrel in 2024, down from $82.16 per barrel in 2023, a decrease of 2.9%[56]. - WTI crude oil is projected to average $75.72 per barrel in 2024, a decline of 2.38% from the previous year's average[56]. - Global oil consumption growth is expected to be around 1 million barrels per day in 2025, remaining stable compared to 2024[57]. - The utilization rate of global self-elevating platforms is at 91% as of December 2024, reflecting a year-on-year increase of 2%[59]. - Average daily rental rates for self-elevating platforms are $123,000, up 26.7% compared to the last ten-year average, despite a slight decline from the peak in 2024[59]. - The price of second-hand 305-foot self-elevating platforms has increased by 110% to $9.5 million since early 2022, indicating strong market interest[60]. - In 2024, hydrogen projects in China are expected to see significant investment, exceeding RMB 200 billion, driven by major energy companies[63]. - The price of alkaline electrolyzers has dropped to around RMB 5 million due to technological advancements and increased competition in the domestic market[63]. - The average daily rental rate for floating platforms is $323,000, reflecting a 61.1% increase compared to the last ten-year average[59]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to ensure transparency and protect shareholder interests[77]. - The company will evaluate potential investment or acquisition targets based on strategic alignment, market positioning, and financial performance[72]. - The annual performance announcement will be published on the company's website and the Hong Kong Stock Exchange website, containing all information required by listing rules[82].

Financial Performance - The Group's revenue for the six months ended June 30, 2024, was approximately US$77.6 million, a decrease of approximately 16.5% from US$92.9 million for the same period in 2023[3]. - Gross profit for the same period was approximately US$17.5 million, representing an increase of approximately 3.3% from US$17.0 million in 2023[3]. - Net profit attributable to owners of the Company was approximately US$4.8 million, a slight decrease of 0.1% compared to US$4.8 million in 2023[3]. - Earnings per share remained stable at US$0.15 cent for both the six months ended June 30, 2024, and the same period in 2023[3]. - Profit before taxation for the period was US$6.1 million, an increase from US$5.3 million in 2023[5]. - Total comprehensive income for the period was US$1.3 million, compared to US$0.8 million in 2023[6]. - The company reported accumulated losses of US$115,379,000, reflecting ongoing challenges in profitability[9]. - The company achieved a net profit of US$4.8 million for the first half of 2024, a slight decrease of 0.1% compared to the same period last year[69][70]. Revenue Breakdown - Revenue from sales of equipment related to land and offshore drilling rigs decreased to $37,859,000, a decline of 33.8% compared to $57,292,000 in 2023[15]. - Revenue from assets management and engineering service fee income increased to $12,802,000, up 49.5% from $8,557,000 in 2023[15]. - Revenue from external customers for the Equipment manufacturing segment was $38,247,000, down from $57,594,000 in the previous year, representing a decrease of approximately 33.5%[23]. - Revenue from external customers for the Supply chain and integration services segment was $14,526,000, a decrease from $17,249,000, reflecting a decline of about 15.5%[23]. - Revenue from supply chain and integration services decreased by 15.8% to US$14.5 million, primarily due to ongoing projects in Mexico and a decline in completed orders[81]. - Revenue from assets management and engineering services increased by 37.6% to US$24.8 million, driven by business related to managing and leasing diving support and construction vessels[82]. Expenses and Costs - The Group's cost of sales for the six months ended June 30, 2024, was US$60.1 million, compared to US$75.9 million in 2023[5]. - Selling and distribution expenses were US$1.1 million for the period, slightly increasing from US$1.1 million in 2023[5]. - Other income, gains, and losses decreased by $1.9 million from $1.8 million in the first half of 2023 to $(0.1) million in the first half of 2024, primarily due to increased foreign exchange losses[87]. - Selling and distribution, general and administrative expenses decreased by approximately 3.1% from $12.0 million in the first half of 2023 to $11.6 million in the first half of 2024[87]. - Finance costs decreased by $0.7 million from $0.8 million in the first half of 2023 to approximately $0.1 million in the first half of 2024[88]. Assets and Liabilities - As of June 30, 2024, total assets less current liabilities amounted to US$194,406,000, a slight decrease from US$197,960,000 as of December 31, 2023[7]. - Net current assets increased to US$121,432,000 from US$116,514,000, indicating improved liquidity[7]. - Non-current liabilities decreased from US$22,136,000 to US$17,315,000, reflecting a reduction in lease liabilities[8]. - Total equity attributable to owners of the Company rose to US$176,310,000 from US$175,041,000, showing a positive trend in shareholder equity[8]. - Cash and cash equivalents decreased to US$234,724,000 from US$244,855,000, indicating a reduction in available cash[7]. - Trade and other payables decreased from US$60,185,000 to US$47,535,000, suggesting improved management of payables[7]. - Contract liabilities decreased from US$34,165,000 to US$25,891,000, indicating a reduction in deferred revenue[7]. Strategic Initiatives - The company has established a five-year strategic plan focusing on "Hydrogen, Machinery, Electricity" to enhance its green energy product offerings[60]. - The "R&D and Industrialization of Off-grid High-performance Alkaline Hydrogen Generation Equipment" project won a gold prize in a global competition, highlighting the company's innovation in hydrogen technology[63]. - The company aims to become a leading provider of technologically innovative green energy and equipment services in the industry[62]. - The company is actively expanding its green energy industry layout, focusing on new hydrogen-based fuels such as green methanol and green ammonia[113]. Market Outlook - The outlook for global economic growth in 2024 remains weak, with challenges such as insufficient effective demand and increasing deflationary pressure[60]. - The performance of the green hydrogen market in the first half of 2024 was below expectations, primarily due to the gradual operation of large-scale projects by state-owned enterprises[109]. - The hydrogen industry is projected to see global direct investments reach $320 billion by 2030, driven by strong growth in the sector[107]. Corporate Governance - The Audit Committee reviewed the unaudited financial results for the six months ended June 30, 2024, confirming compliance with applicable accounting standards[160]. - The Company has maintained compliance with the Corporate Governance Code during the six months ended June 30, 2024[164]. - The company is committed to high standards of corporate governance to safeguard shareholder interests[164]. - The company has undergone changes in its board composition, with several resignations and appointments in 2024[178].

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately $77.6 million, a decrease of about 16.5% compared to $92.9 million for the same period in 2023[1]. - Gross profit for the same period was approximately $17.5 million, an increase of about 3.3% from $17.0 million in 2023[1]. - Net profit attributable to shareholders for the six months ended June 30, 2024, was approximately $4.8 million, a slight decrease of 0.1% compared to $4.8 million in 2023[1]. - Earnings per share for the period remained stable at $0.15, unchanged from the same period in 2023[1]. - Operating profit for the six months was $5.7 million, down from $6.5 million in the previous year[2]. - Total comprehensive income for the period was $1.3 million, compared to $0.8 million in 2023[3]. - Total revenue for the six months ended June 30, 2024, was $77,601,000, down 16.5% from $92,888,000 in the same period of 2023[10]. - Revenue from external customers for the first half of 2024 was $77.601 million, a decrease of 16.4% compared to $92.888 million in the same period of 2023[18]. - Reported segment revenue for the first half of 2024 was $95.870 million, down from $122.679 million in the first half of 2023, representing a decline of 21.8%[18]. - The company reported a consolidated profit before tax of $6.088 million for the first half of 2024, compared to $5.322 million in the same period of 2023, indicating a growth of 14.4%[18]. - The company’s total comprehensive income for the six months ended June 30, 2024, was $4,791,000, compared to a loss of $4,039,000 in the same period of 2023[6]. Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to $72.97 million, down from $81.45 million as of December 31, 2023[4]. - Current assets totaled $234.72 million, a decrease from $244.86 million at the end of 2023[4]. - Total liabilities were $113.29 million, down from $128.34 million in the previous year[5]. - The company’s total liabilities decreased to $106,214,000 from $111,000,000 in the previous year[7]. - The company’s total assets as of June 30, 2024, were $307.698 million, down from $326.301 million as of December 31, 2023, representing a decrease of 5.7%[19]. - The company’s total liabilities as of June 30, 2024, were $130.607 million, a decrease of 13.2% from $150.477 million as of December 31, 2023[20]. - The asset-liability ratio as of June 30, 2024, was 42.4%, a decrease from 46.1% as of December 31, 2023[54]. Cash Flow - For the six months ended June 30, 2024, the company generated cash from operating activities of $3,864,000, a decrease of 89.3% compared to $36,231,000 for the same period in 2023[7]. - The company reported a net cash inflow from investing activities of $14,779,000, a decrease of 64.3% compared to $41,389,000 in the previous year[7]. - The company reported a net cash outflow from financing activities of $18,308,000, compared to an outflow of $16,618,000 in the previous year[7]. - Operating cash flow for the six months ended June 30, 2024, was a net inflow of $2.2 million, but if adjusted for financing lease-related principal and interest, it would show a net outflow of $16.6 million[52]. Dividends - The board of directors decided not to declare an interim dividend for the six months ended June 30, 2024[1]. - The company paid dividends of $4,052,000 in the previous year, with no dividends paid in the current period[7]. - The company did not declare an interim dividend for the six months ended June 30, 2024, compared to no dividend declared for the same period in 2023[27]. Revenue Breakdown - Revenue from the sale of land and marine drilling platform-related equipment was $37,859,000, down 34% from $57,292,000 in the prior year[10]. - Revenue from Mainland China was $45,355,000, down 30.4% from $65,117,000 year-over-year[22]. - North America revenue increased by 52.5% to $3,079,000 from $2,020,000 in the previous year[22]. - Equipment manufacturing and general contracting revenue decreased by 33.6% from $57.6 million in H1 2023 to $38.2 million in H1 2024[43]. - Supply chain and integrated services revenue fell by 15.8% from $17.2 million in H1 2023 to $14.5 million in H1 2024[44]. - Asset management and engineering services revenue increased by 37.6% from $18.0 million in H1 2023 to $24.8 million in H1 2024[45]. Strategic Initiatives - The company has established a five-year strategic plan focusing on hydrogen, machinery, and electricity, aiming to become a leading provider of green energy and equipment services[35]. - The company is actively expanding its product portfolio in the marine energy-saving equipment sector, achieving breakthrough sales orders for wind sail products[37]. - The company has initiated the execution phase of the PEMEX project in Mexico, with the deployment of two drilling rigs progressing as planned[37]. - The company is focusing on research and development in new energy and power control technologies, including the development of hybrid power systems and control systems for flexible hydrogen power devices[37]. - The company plans to invest approximately 27 million RMB in research and development this year, with 13 ongoing R&D projects[63]. - The company is actively exploring opportunities in the green methanol sector and has formed a project team to conduct research and development in this area[63]. Governance and Compliance - The Audit Committee has reviewed the unaudited financial results for the six months ending June 30, 2024, and found them compliant with applicable accounting standards[104]. - The company has adhered to the corporate governance code and maintained high standards of corporate governance practices[107]. - No significant transactions or contracts involving directors or their related entities during the reporting period[105]. Market Conditions - The average WTI oil price for the first half of 2024 was $78.52 per barrel, a year-on-year increase of 4.9%, while Brent averaged $83.19 per barrel, up 4.1% year-on-year[57]. - The utilization rate of offshore drilling rigs surpassed 88% in the first half of 2024, indicating a strong recovery in the market[58]. - The hydrogen energy sector was highlighted in the government work report, with plans to accelerate its development and establish it as a key emerging industry[59]. - The European Union announced public funding of €6.9 billion for hydrogen-related projects, expected to attract over €5.4 billion in private investment[60]. - The U.S. Department of Energy outlined short, medium, and long-term goals for the hydrogen and fuel cell industry, including six sub-plans focused on hydrogen production and infrastructure[60]. Share Incentive Plans - The 2015 share incentive plan allows for a total of 21,147,456 shares to be awarded, representing approximately 0.65% of the total shares issued as of the announcement date[71]. - The 2019 share incentive plan allows for a total of 88,389,372 shares to be awarded, which is about 2.73% of the total shares issued as of the announcement date[81]. - As of June 30, 2024, the trustee holds 62,052,544 shares under the 2019 Share Incentive Plan, representing approximately 1.91% of the company's issued share capital[87]. - No rewards have been granted under the Share Incentive Plan since its adoption, resulting in no shares being issued as of June 30, 2024[97].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year 2023, representing a 15% year-over-year growth[1]. - The company recorded revenue of US$181.3 million for the year, representing a year-on-year increase of 60.4%[60]. - In 2023, the company's revenue reached $181.34 million, a significant increase of 60.3% compared to $113.04 million in 2022[130]. - Gross profit for 2023 was $40.99 million, up from $27.75 million in 2022, reflecting a gross margin improvement[130]. - Net operating profit reached US$14.2 million, marking a year-on-year increase of 93.5%[60]. - Revenue from assets management and engineering services increased from US$11.3 million in 2022 to US$50.9 million in 2023, representing an increase of 349.6%[200]. - The company achieved a net profit attributable to equity shareholders of $9.50 million in 2023, compared to $25.88 million in 2022, indicating a decrease in profitability[130]. Strategic Outlook - The company provided an optimistic outlook for 2024, projecting a revenue growth of 20% and aiming to reach $1.44 billion[1]. - Market expansion plans include entering three new international markets by Q3 2024, targeting a 10% increase in global market share[1]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of $100 million allocated for potential mergers and acquisitions[1]. - The company aims to align with global carbon reduction goals, as fossil energy market shares decline, and is actively pursuing opportunities in hydrogen energy and offshore wind power[83]. - The company aims to activate a business model of "produced at home and sold globally" to enhance its overseas sales channels[151]. Innovation and Technology Development - The company is investing $50 million in R&D for new technologies aimed at enhancing energy efficiency and sustainability[1]. - The Company will build an industrial layout based on "hydrogen, machinery, and electricity," focusing on green energy end products as the core[30]. - The Company has established a specialized team to explore opportunities in the hydrogen-based fuels market and the green methanol industry[136]. - The company is focusing on green energy technology development and application, aiming to become a leading provider in the industry[74]. - The Company has successfully assembled its first set of 1,000-scf electrolytic cell, leading the market in key performance indicators[92]. - The Company completed the assembly of the first set of alkaline water electrolyzer hydrogen production equipment with an output capacity of 1000Nm^3/h, leading the industry in test results[170]. - The Company has made significant progress in three hydrogen energy product designs, including a megawatt-level alkaline electrolytic water system, a hydrogen refueling station system with a capacity of 500 kg, and a hydrogen compressor test platform[171]. Sustainability Commitment - The management team emphasized the importance of sustainability, committing to achieving carbon neutrality by 2030[1]. - The company was awarded the "Best ESG Award" and the "Sustainable Development Value Communication Award" for its performance in sustainability development[58]. - The Company is committed to becoming a leading technology-based new green energy enterprise and equipment service provider[30]. - CM Energy's long-term strategy includes deepening its involvement in the green energy sector and contributing to global dual-carbon strategy goals[106]. Operational Efficiency - The company aims to reduce operational costs by 15% through improved supply chain management and efficiency initiatives[1]. - The Company is committed to improving its internal control mechanisms and enhancing operational efficiency to maximize value creation and shareholder value[178]. - The company is focusing on enhancing its talent pool, particularly in technical and innovative roles, to support its strategic transformation[194]. Partnerships and Collaborations - A new partnership with a leading technology firm is expected to enhance product offerings and drive innovation in the energy sector[1]. - The company established two joint ventures in the hydrogen energy sector, including a diaphragm hydrogen compressor manufacturer and an unmanned hydrogen heavy truck operation company[43]. - The company entered into strategic cooperation agreements with multiple new energy enterprises to enhance market share and industry influence[58]. - The establishment of CMIC Green Hydrogen Technology Co., Ltd. and a joint venture with Xiamen University marks a strategic move into the hydrogen energy sector[110]. Asset Management and Growth - Total assets rose to $326.30 million in 2023, up from $278.67 million in 2022, reflecting overall company growth[133]. - Non-current assets increased to $81.45 million in 2023 from $38.80 million in 2022, indicating growth in long-term investments[133]. - The balance of cash and cash equivalents at the end of 2023 amounted to US$73.4 million, an increase of US$48.5 million compared to the end of 2022[167].

Hydrogen Demand and Market Growth - By 2030, China's hydrogen demand is expected to reach 35 million tons, accounting for 5% of the terminal energy system[2] - By 2050, hydrogen is projected to account for at least 10% of China's terminal energy system, with a demand close to 60 million tons, potentially reducing carbon emissions by approximately 700 million tons[2] - The number of hydrogen refueling stations in China increased from 62 in 2019 to 245 in 2022, with a CAGR of +58.10%[22] - The hydrogen supply capacity rose from 13,200 tons/year in 2019 to 64,800 tons/year in 2022, with a CAGR of +70.01%[22] - The company anticipates that the demand for hydrogen in 2023 will double compared to 2022[23] - The global hydrogen demand reached a record high of 95 million tons in 2022, with a significant growth rate of 35% in electrolytic hydrogen production[120] - The hydrogen industry in China is expected to see significant growth, with plans to produce 100,000 to 200,000 tons of renewable hydrogen annually by 2025, contributing to carbon reduction efforts[178] Company Strategy and Focus - In 2024, the company aims to strengthen its position in the green energy sector, focusing on becoming a leading technology-driven green energy and equipment service provider[4] - The company plans to focus on green energy end products and gradually enter the hydrogen fuel preparation sector, emphasizing sustainable development[24] - The company aims to develop high-quality, internationally leading products in niche markets, focusing on offshore wind power installation opportunities[25] - The company plans to focus on hydrogen production and hydrogen fuel technologies, aiming to build a competitive market position in the hydrogen industry[172] - The company is actively exploring opportunities in hydrogen fuel development to align with green technology industry trends[128] - The company aims to build an industry layout centered on "hydrogen, machinery, and electricity" to become a leading technology-driven green energy service provider[77] Financial Performance - The company's revenue for the year ended December 31, 2023, was $181.34 million, a 60.3% increase from $113.04 million in 2022[32] - Gross profit for the same period was $40.99 million, representing a gross margin of 22.6% compared to 24.5% in the previous year[32] - Operating profit increased to $14.16 million, up from $7.32 million, indicating a significant improvement in operational efficiency[32] - The company reported a net profit of $9.61 million for the year, down from $25.89 million in 2022, reflecting challenges in the market[32] - Basic and diluted earnings per share were $0.30, a decrease from $0.82 in the previous year[32] - For the year ended December 31, 2023, revenue was approximately $181.3 million, an increase of 60.4% compared to 2022[47] - Gross profit for the same period was approximately $41.0 million, up 47.8% from 2022[47] - Profit attributable to the company's owners was approximately $9.5 million, a decrease of 63.3% from $25.9 million in 2022[47] Corporate Governance and Communication - The company has committed to maintaining high standards of corporate governance to ensure transparency and protect shareholder interests[14] - The company has fully complied with the corporate governance code since August 29, 2023, after changes in leadership roles[16] - The company will adopt electronic communication methods for corporate communications starting January 31, 2024, in compliance with new listing rules[10] - The company aims to enhance investor relations through regular strategy presentations and roadshows to improve market interaction[27] Operational Developments - The company achieved significant breakthroughs in its hydrogen business in 2023, with successful testing of a 1,000 standard cubic meter electrolyzer, leading the industry in key parameters[5] - The company aims to achieve mass production of the 1,000 standard cubic meter electrolyzer in 2024, focusing on product series development[5] - The company successfully completed major projects for the Mexican state oil company, enhancing its market position in Mexico[26] - The company delivered 1,600 tons of wind power installation cranes in 2023, achieving significant progress in the development of wave compensation gangway projects[25] - The company plans to continue enhancing collaboration with strategic partners, including China Merchants Group and China International Marine Containers, to explore opportunities in green energy preparation and hydrogen application scenarios[7] Investment and Asset Management - The company plans to continue its investment and capital integration strategies in the future[8] - The company will continue to seek opportunities for integrating quality offshore engineering assets to capitalize on the upward trend in the offshore engineering market[26] - The group had cash and cash equivalents of approximately $73.4 million as of December 31, 2023, significantly up from $24.9 million in 2022[138] - The non-current liabilities amounted to approximately $22.1 million as of December 31, 2023, a substantial increase from $1.5 million in 2022, primarily due to lease liabilities[139] Market Conditions and Challenges - The company is experiencing a slow recovery from the impacts of the COVID-19 pandemic and the Russia-Ukraine war, with global economic conditions remaining challenging[76] - The company faces foreign exchange risk, with approximately 36% of its revenue denominated in USD, while most of its subsidiaries operate in RMB[185] - The global oil price fluctuated significantly in 2023, with Brent crude averaging $80 per barrel in the first half and $85 per barrel in the second half before ending the year at $77 per barrel, a 7.13% decrease from the beginning of the year[175] - The International Maritime Organization (IMO) announced a target for net-zero emissions in shipping by 2050, with interim goals for 2030, impacting the company's strategic focus on green technologies[176]

Financial Performance - Total revenue for the six months ended 30 June 2023 was US$92,888,000, up from US$51,078,000 in 2022, indicating an increase of approximately 82%[10] - Sales of equipment manufacturing and packages reached US$57,292,000 for the six months ended 30 June 2023, compared to US$27,047,000 in 2022, reflecting a growth of about 112%[10] - Revenue from external customers for the six months ended June 30, 2023, was $57,594,000, a significant increase from $28,089,000 in the same period of 2022, representing a growth of 104%[14] - Reportable segment revenue for the six months ended June 30, 2023, was US$92,888,000, an increase from US$51,078,000 in 2022, representing a growth of 81.9%[19] - Consolidated profit before taxation for the same period was US$5,322,000, compared to US$1,802,000 in 2022, indicating a significant increase of 195.4%[19] - Profit from operations surged by 330.0% from US$1.5 million in the first half of 2022 to US$6.5 million in the first half of 2023[69] - Net profit attributable to equity shareholders increased by 188.3% from US$1.7 million in the first half of 2022 to US$4.8 million in the first half of 2023[69] Cash Flow and Assets - Net cash generated from operating activities for the six months ended 30 June 2023 was US$35,589,000, compared to US$1,159,000 in 2022, representing a significant increase[3] - Cash and cash equivalents at 30 June 2023 were US$79,434,000, up from US$18,088,000 at the same time in 2022[3] - Total consolidated assets as of June 30, 2023, were US$330,788,000, an increase from US$278,674,000 as of December 31, 2022, representing a growth of 18.7%[23] - Current assets increased to approximately US$253.5 million as of June 30, 2023, up from US$239.9 million as of December 31, 2022[85] - The Group's tangible assets amounted to approximately US$63.7 million as of June 30, 2023, compared to US$22.5 million as of December 31, 2022[80] Dividends and Shareholder Information - A final dividend of HK$0.01 per share was paid for the year ended 31 December 2022[1] - The Group did not declare an interim dividend for the six months ended 30 June 2023, consistent with the previous year[42] - As of June 30, 2023, the total number of issued ordinary shares is 3,243,433,914[147] - China Merchants Group Limited holds 1,530,372,000 shares, accounting for 47.18% of the total shareholding[151] Segment Performance - The Group's asset management and engineering services segment generated revenue of $18,045,000, up from $4,753,000 in the prior year, reflecting a growth of 279%[14] - The equipment manufacturing and packages segment reported revenue of $57,594,000, a significant increase from $28,089,000 in the same period last year, indicating a growth of 104%[14] - The supply chain and integration services segment's revenue was $17,249,000, compared to $18,236,000 in the previous year, showing a slight decline of 5%[14] Governance and Compliance - The company has established an Audit Committee to oversee financial reporting and internal controls since October 20, 2005[162] - The company has fully complied with the Corporate Governance Code since August 29, 2023, following the resignation of Mr. Yu Zhiliang as chairman and CEO[171] - The company has maintained a high standard of corporate governance practices to ensure transparency and safeguard shareholder interests[170] Strategic Initiatives and Market Outlook - The Group continues to focus on enhancing its supply chain and integration services to drive future growth and market expansion[14] - The company is actively involved in the design and development of hydrogen refueling station core equipment and alkaline electrolyzer systems[63] - The global hydrogen economy is projected to reach US$320 billion by 2030, with approximately 50% of projects focusing on large-scale industrial applications of hydrogen energy[94] Operational Highlights - The company completed the assembly of the first set of 1,000–1,250-scf electrolytic cells for alkaline hydrogen production in March 2023[68] - The company won contracts for PEMEX onshore drilling rig upgrading and top drive operation and maintenance service projects in Mexico, totaling over US$150 million[67] - The company aims to expand integrated hydrogen production and refueling station projects in the Greater Bay Area, focusing on downstream applications of hydrogen-fueled vessels[97]

Business Development and Strategy - The company is focusing on the development of clean energy and marine energy-related technology industries, aiming to maximize shareholder and investor interests through strategic investments [8]. - The company is actively seeking investment and consolidation opportunities in marine energy science and technology-related industries [10]. - The company plans to utilize capital operation methods such as listing, funds, and finance leases to secure stable capital support for its green energy initiatives [9]. - The company aims to exploit opportunities in the hydrogen energy and offshore wind power sectors, aligning with global trends towards carbon neutrality and green energy [9]. - The company is committed to achieving synergistic effects across its business segments by investing in undervalued opportunities along the industrial supply chain [8]. - The company plans to expand its business in traditional energy while developing green energy, focusing on offshore wind power operation and maintenance equipment [58]. - The company aims to enhance its technological innovation capabilities to improve global competitiveness and sustainable development [77]. - The company is actively restructuring its management team to adapt to new market environments and business needs [81][83]. Financial Performance - In 2022, the company's revenue reached $113,040,000, a significant increase of 98.5% compared to $57,027,000 in 2021 [31]. - Gross profit for 2022 was $27,746,000, up from $20,664,000 in 2021, reflecting a growth of 34.5% [31]. - The company reported a profit before taxation of $26,455,000 in 2022, compared to $15,740,000 in 2021, marking a year-over-year increase of 68.7% [31]. - Total assets as of December 31, 2022, amounted to US$278.674 million, an increase from US$229.897 million in 2021, reflecting a growth of approximately 21.2% [35]. - Net current assets increased to US$131.762 million in 2022, up from US$74.058 million in 2021, indicating a significant improvement in liquidity [35]. - Total liabilities increased to US$109.648 million in 2022 from US$81.319 million in 2021, reflecting the Group's ongoing investments and operational commitments [35]. - The Group achieved record revenue, net profit attributable to the parent company, and operating profit, maintaining profitable growth for four consecutive years despite challenging conditions [43]. Market Trends and Opportunities - The offshore wind power sector entered a peak development period in 2022, with the Group securing multiple orders for core equipment for LIFTBOAT and high-spec jack-up wind power installation platforms [40]. - The offshore engineering equipment market is anticipated to continue its positive trend in 2023, with rising utilization rates for drilling rigs and support vessels, driven by previous inventory absorption [145][146]. - Global demand for jack-up rigs is expected to reach 418 by the end of 2023, an increase of 18% compared to early 2022, while demand for floating rigs is projected to grow by 19%, reaching 162 by the end of 2023 [146][149]. - The offshore wind power sector is expected to see increased demand for operation and maintenance facilities, with 96% of new orders for wind power installation vessels in 2022 being for large vessels with a lifting weight of over 1,200 tonnes [147][149]. - The average oil price in 2022 remained largely above US$80 per barrel, significantly higher than the average of the last five years, with a peak of US$130 per barrel due to the Russia-Ukraine conflict [139][142]. Technological Innovation and Development - The company is focusing on technology innovation and has set up functional departments for the Institute of Science and Technology Innovation [77]. - The design and assembly of 1,000-scf electrolytic cell products were completed, and the first set of 500KG assembled hydrogen compressors was successfully delivered [40]. - The company established a new technology innovation research institute to enhance its core competitiveness and align with national "dual carbon" development strategies [79]. - The joint venture with Tan Kah Kee Innovation Laboratory will focus on producing high-efficiency alkaline electrolytic cells, aiming for a demonstration model this year [159]. - The company aims to achieve sales performance in hydrogen production systems and refueling station equipment as soon as possible, leveraging international resources [159]. Joint Ventures and Partnerships - The establishment of two joint ventures in the hydrogen energy segment indicates a strategic move towards renewable energy solutions [21]. - The company has partnered with KenzFigee to enter the core equipment business of offshore wind power operation and maintenance, enhancing its market position [21]. - CMIC entered a comprehensive strategic cooperation agreement with KenzFigee for offshore wind power core equipment, with a prototype 3D Active Motion Compensated gangway system expected in the second half of 2023 [57]. Operational Efficiency and Asset Management - The company has revitalized idle assets through the land sale contract of the Qingdao offshore base, improving operational efficiency [20]. - The company aims to integrate upstream and downstream resources in the energy sector, focusing on investments in new energy such as wind power, wave power, and hydrogen energy [195]. - The strategy for energy asset management services will include professional asset management and engineering technology services, particularly in the renewable energy sector [158]. - The company plans to enhance its energy asset management service business, having successfully fulfilled leases for two drilling rigs in 2022, with positive customer feedback [195].

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，並明確表示概不就因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CMIC Ocean En-Tech Holding Co., Ltd. 華商國際海洋能源科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：206） 截至二零二二年十二月三十一日止年度的 年度業績公告 摘要 • 截至二零二二年十二月三十一日止年度的收入約為113.0百萬美元，較二 零二一年增加98.2%； • 截至二零二二年十二月三十一日止年度的毛利約為27.7百萬美元，較二 零二一年增加34.3%； • 毛利率從二零二一年的36.2%下降至二零二二年的24.5%，較二零二一年 降低11.7個百分點； • 截至二零二二年十二月三十一日止年度的本公司股權股東應佔之溢利約 ...

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，並明確表示概不就因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CMIC Ocean En-Tech Holding Co., Ltd. 華商國際海洋能源科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：206） 截至二零二二年十二月三十一日止年度的 年度業績公告 摘要 • 截至二零二二年十二月三十一日止年度的收入約為113.0百萬美元，較二 零二一年增加98.2%； • 截至二零二二年十二月三十一日止年度的毛利約為27.7百萬美元，較二 零二一年增加34.3%； • 毛利率從二零二一年的36.2%下降至二零二二年的24.5%，較二零二一年 降低11.7個百分點； • 截至二零二二年十二月三十一日止年度的本公司股權股東應佔之溢利約 ...