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Financial Performance - The Group's revenue for the six months ended June 30, 2025, was approximately US$62.6 million, a decrease of approximately 19.3% from US$77.6 million for the same period in 2024[7] - Gross profit for the same period was approximately US$15.5 million, representing a decrease of approximately 11.5% from US$17.5 million in 2024[7] - Net profit attributable to owners of the Company was approximately US$2.7 million, a decrease of approximately 43.1% from US$4.8 million in 2024[7] - Earnings per share for the six months ended June 30, 2025, was US0.09 cent, down 40% compared to US0.15 cent for the same period in 2024[7] - The Board has resolved not to declare an interim dividend for the six months ended June 30, 2025[7] - Total comprehensive income for the period was US$11.3 million, compared to US$1.3 million in the same period of 2024[10] Assets and Liabilities - Current assets as of June 30, 2025, totaled US$253.5 million, a slight decrease from US$257.1 million as of December 31, 2024[13] - Cash and cash equivalents increased to US$90.6 million from US$84.1 million as of December 31, 2024[13] - Trade and other receivables decreased to US$92.1 million from US$101.8 million as of December 31, 2024[13] - The Group's total assets less current liabilities were US$182.8 million as of June 30, 2025, compared to US$182.8 million as of December 31, 2024[13] - As of June 30, 2025, net assets increased to $182,285,000 from $179,247,000 as of December 31, 2024, reflecting a growth of approximately 1.15%[14] - Lease liabilities decreased significantly from $3,579,000 to $514,000, indicating a reduction of about 85.6%[14] - Total equity attributable to owners of the Company rose to $181,172,000, up from $178,191,000, representing an increase of approximately 1.1%[14] - Total liabilities decreased to $117,872,000 as of June 30, 2025, from $131,123,000 as of December 31, 2024, indicating a reduction of 10.1%[42] Cash Flow - Cash generated from operations for the six months ended June 30, 2025, was $35,285,000, a substantial increase from $3,864,000 in the same period of 2024[17] - Net cash generated from operating activities reached $33,496,000, compared to $2,245,000 in the prior year, marking an increase of approximately 1,392%[17] - The Company reported a net cash used in investing activities of $842,000, a decrease from $14,779,000 generated in the same period last year[17] - Cash and cash equivalents at June 30, 2025, totaled $90,564,000, up from $70,780,000 at the same date in 2024, reflecting an increase of approximately 27.9%[17] Revenue Breakdown - Revenue from sales of land drilling equipment, offshore equipment, and marine equipment was $28,228,000, down 25.5% from $37,859,000 in 2024[28] - Revenue from oilfield supply chain and integration services decreased to $10,341,000, a decline of 29.1% from $14,526,000 in 2024[28] - Revenue from asset management and engineering service fee income was $8,537,000, down 33.3% from $12,802,000 in 2024[28] - Rental income from leasing of land and offshore drilling rigs classified as operating leases was $320,000, a decrease of 17.5% from $388,000 in 2024[28] - Rental income from sub-leasing of diving support construction vessels classified as operating leases increased to $14,623,000, up 27.5% from $11,444,000 in 2024[28] Segment Reporting - The Group's segment reporting includes three reportable segments: equipment manufacturing and packages, supply chain and integration services, and asset management and engineering services[29][34] - The measure used for reporting segment profit/loss is "adjusted earnings before finance costs and taxes" for individual segments[35] - Reportable segment revenue decreased to $75,171,000 in the first half of 2025 from $95,870,000 in the same period of 2024, reflecting a decline of 21.5%[41] - Reportable segment results for the six months ended June 30, 2025, were $6,625,000, down 18.4% from $8,121,000 in 2024[41] Strategic Initiatives - The company’s strategic plan for 2025 focuses on hydrogen-based energy and high-end equipment, aiming to become a green energy and equipment service provider for the shipping industry[81] - The company has secured orders for three large-format electrolyzers, with one successfully sold overseas, marking a significant step in global production capacity expansion[81] - The company aims to reduce clean hydrogen production costs to $1 per kilogram by 2030, focusing on high-temperature electrolyzer technology[1] - The company is committed to sustainable development and has launched a training program for young key personnel to prepare for future growth[151] Market Conditions - The global economic growth is projected at 2.8%, with developed economies growing by only 1.2% and emerging markets by 4.1%[80] - The international hydrogen industry is projected to attract direct investments of $320 billion by 2030, with China, the EU, and the US expected to dominate market shares[1] - In June 2025, average international oil prices for WTI, Brent, and Oman crude were $67.33, $69.80, and $69.12 per barrel, reflecting month-to-month increases of $6.39, $5.79, and $5.24 respectively[137] Shareholder Information - The Board has resolved not to declare an interim dividend for the six months ended June 30, 2025[163] - The 2025 Share Award Plan was amended to extend its term for 10 years, from January 14, 2025, to January 13, 2035[164] - The total number of shares that may be purchased under the 2025 Share Award Plan is limited to 5% of the total issued shares, approximately 162,171,695 shares[172]

Group 1 - The core point of the article is that Zhan Huafeng increased his stake in Huashang Energy (00206) by purchasing 500,000 shares at an average price of HKD 0.27 per share, totaling HKD 135,000 [1] - After the purchase, Zhan Huafeng's total shareholding in Huashang Energy reached 1,000,000 shares, representing a holding percentage of 0.03% [1]

智通财经APP获悉，香港联交所最新资料显示，8月29日，詹华锋增持华商能源(00206)50万股，每股均 价0.27港元，总金额为13.5万港元。增持后最新持股数目为100万股，最新持股比例为0.03%。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 华商能源科技股份有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00206 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD 1,000,000,000 第 1 頁 共 10 頁 v 1.1. ...

Core Viewpoint - Huashang Energy (00206) reported a decline in both revenue and profit for the six months ending June 30, 2025, indicating potential challenges in its operational performance [1] Financial Performance - The group's revenue was $62.63 million, representing a year-on-year decrease of 19.29% [1] - Shareholders' profit amounted to $2.724 million, down 43.08% compared to the previous year [1] - Earnings per share were reported at 0.09 cents [1]

智通财经APP讯，华商能源(00206)发布截至2025年6月30日止6个月中期业绩，集团收入6263万美元，同 比减少19.29%;股东应占溢利272.4万美元，同比减少43.08%;每股盈利0.09美仙。 ...

Core Viewpoint - Huashang Energy (00206.HK) reported a significant decline in financial performance for the six months ending June 30, 2025, with revenue and net profit both decreasing year-on-year [1] Financial Performance - The company's revenue was approximately $62.63 million, representing a year-on-year decrease of about 19.3% [1] - Gross profit amounted to approximately $15.52 million, down approximately 11.5% year-on-year [1] - Net profit attributable to shareholders was approximately $2.72 million, reflecting a year-on-year decrease of about 43.1% [1] - Earnings per share were reported at $0.0009 [1]

Financial Performance - The group's revenue for the six months ended June 30, 2025, was approximately $62.6 million, a decrease of about 19.3% compared to $77.6 million for the same period in 2024[2] - Gross profit for the same period was approximately $15.5 million, down about 11.5% from $17.5 million in 2024[2] - Net profit attributable to the company's owners was approximately $2.7 million, a decrease of about 43.1% from $4.8 million in 2024[2] - Earnings per share for the six months ended June 30, 2025, was $0.09, a decline of 40% compared to $0.15 in 2024[2] - Total comprehensive income for the period was $11.3 million, compared to $1.3 million in 2024[5] - Total revenue for the six months ended June 30, 2025, was $62,630 thousand, down from $77,601 thousand in the prior year, representing a decrease of approximately 19.2%[13] - The company recorded a profit of $2,724 thousand for the six months ended June 30, 2025, compared to a profit of $4,786 thousand in the same period of 2024, reflecting a decline of about 43%[8] - Operating profit decreased by 15.8% to $4.8 million in the first half of 2025 from $5.7 million in the same period of 2024[39] - The company reported a pre-tax consolidated profit of $4.424 million for the six months ended June 30, 2025, compared to $6.088 million in the same period of 2024, a decline of about 27.4%[18] Dividends and Shareholder Returns - The board of directors decided not to declare an interim dividend for the six months ended June 30, 2025[2] - The company paid dividends amounting to $4,052 thousand during the reporting period[9] - The company did not declare an interim dividend for the six months ended June 30, 2025, compared to no dividend declared for the same period in 2024[25] - The board has decided not to declare an interim dividend for the six months ending June 30, 2025[75] Assets and Liabilities - Current assets amounted to $253.5 million as of June 30, 2025, slightly down from $257.1 million as of December 31, 2024[6] - Total liabilities decreased from $127.5 million in December 2024 to $117.4 million in June 2025[7] - The company's total equity increased from $179.2 million in December 2024 to $182.3 million in June 2025[7] - The company’s total equity as of June 30, 2025, was $182,285 thousand, an increase from $177,091 thousand at the end of 2024[8] - Total trade receivables and notes receivable amounted to $127,425,000 as of June 30, 2025, compared to $140,059,000 as of December 31, 2024[29] - The company reported a total of $40,546,000 in trade payables and other payables as of June 30, 2025, down from $50,755,000 as of December 31, 2024[31] - Current liabilities decreased to approximately $117.4 million as of June 30, 2025, from $127.5 million on December 31, 2024[54] - The company's goodwill increased to $379,000 as of June 30, 2025, from $362,000 as of December 31, 2024, reflecting a growth of about 4.7%[18] Revenue Breakdown - Revenue from land drilling equipment, offshore equipment, and marine equipment sales was $28,228 thousand for the six months ended June 30, 2025, down from $37,859 thousand in the same period of 2024, a decrease of approximately 25.5%[13] - Equipment manufacturing and general contracting reported external customer revenue of $28.548 million for the six months ended June 30, 2025, down from $38.247 million in the same period of 2024, representing a decrease of approximately 25%[17] - Supply chain and integrated services generated external customer revenue of $10.341 million for the six months ended June 30, 2025, compared to $14.526 million in 2024, reflecting a decline of about 29%[17] - Asset management and engineering services reported external customer revenue of $23.741 million for the six months ended June 30, 2025, slightly down from $24.828 million in 2024, a decrease of approximately 4.4%[17] - Total reported segment revenue for the six months ended June 30, 2025, was $75.171 million, a decrease of 21.6% from $95.870 million in the same period of 2024[18] Cash Flow and Investments - For the six months ended June 30, 2025, the company reported a net cash generated from operating activities of $33,496 thousand, a significant increase from $2,245 thousand in the same period of 2024[9] - The company’s investment activities resulted in a net cash outflow of $842 thousand for the six months ended June 30, 2025, compared to a net cash inflow of $14,779 thousand in the same period of 2024[9] - Cash and cash equivalents increased to $90.564 million as of June 30, 2025, compared to $84.100 million as of December 31, 2024, an increase of approximately 7.3%[18] Market and Industry Trends - The global trade policy uncertainty index reached a historical high, with the WTO predicting a mere 1.6% growth in global merchandise trade for 2025[62] - In the first half of 2025, global oil prices fluctuated significantly, with WTI, Brent, and Oman crude oil futures averaging $67.33, $69.80, and $69.12 per barrel in June, respectively, reflecting increases of $6.39, $5.79, and $5.24 per barrel month-over-month[63] - OPEC+ plans to increase production by 548,000 barrels per day in August, exceeding market expectations of 411,000 barrels per day, indicating a strategic shift from production cuts to market share competition[63] - The global hydrogen industry is entering a rapid development phase, with the EU's "IPCEL Hy2Infra" plan involving 32 companies and 33 hydrogen projects, supported by €6.9 billion in public funding and over €5.4 billion in private investment[65] Corporate Governance and Compliance - The audit committee has reviewed the unaudited financial results for the six months ending June 30, 2025, and found them to comply with applicable accounting standards[115] - The company has adopted a code of conduct for securities trading, and all directors have complied with the standards during the six-month period ending June 30, 2025[117] - The company has adhered to the corporate governance code, with one exception regarding attendance at the annual general meeting[118] - There were no significant interests held by directors in any transactions or contracts related to the company's business during the reporting period[116] Share Incentive Plans - The company has adopted a new share incentive plan, extending the previous plan's duration to ten years, ending on January 13, 2035[76] - The share incentive plan allows for a total of 162,171,695 shares to be allocated, representing approximately 5% of the total issued shares as of the announcement date[79] - The company has not issued any rewards under the share incentive plan since its adoption, resulting in no shares being allocated as of June 30, 2025[105] - The company’s directors and chief executive have minimal personal interests in the company’s shares, with the highest being 65,979,100 shares, or 2.03%[107]

格隆汇8月18日丨华商能源(00206.HK)宣布，将于2025年8月28日（星期四）上午十时正举行董事会会 议，藉以（其中包括）考虑及批准本公司及其附属公司截至2025年6月30日止六个月的未经审核中期业 绩，及处理任何其他事项。 ...