華 商 能 源 科 技 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，將 於 二 零 二 五 年 八 月 二 十 八 日（星 期 四）上 午 十 時 正 舉 行 董 事 會 會 議，藉 以（其 中 包 括）考 慮 及 批准本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核中期 業績，及處理任何其他事項。 承董事會命 華商能源科技股份有限公司 主 席 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 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之任何損失承擔任何責任。 CM Energy Tech Co., Ltd. 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） （股份代號：206） 董事會會議日期 於 本 公 告 日 期，董 事 會 包 括 一(1)名 執 行 董 事 詹 華 鋒 先 生；五(5)名非執行董事 梅中華先生、劉建成先生、譚榮添先生、張熙政先生及張夢桂先生；以及三(3)名 獨立非執行董事鄒振東先生、張 ...

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 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 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8月4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 ...

Group 1 - The company announced the termination of the acquisition of Huafeng Synthetic Resin and Huafeng Thermoplastic due to the failure to obtain more than two-thirds of the valid voting rights at the shareholders' meeting [1][3] - The proposed acquisition involved purchasing 100% equity of Huafeng Thermoplastic and Huafeng Synthetic Resin for a total price of 6 billion yuan in cash and 54 billion yuan in shares, with significant premium rates of 506.96% and 478.49% respectively [2][3] - The company stated that the termination of the transaction would not adversely affect its current operations and that it would continue to negotiate with the transaction parties to promote the equity injection of Huafeng Synthetic Resin and Huafeng Thermoplastic [3] Group 2 - The company has experienced a decline in net profit for three consecutive years, with a reported net profit of 2.22 billion yuan in 2024, a decrease of 10.43% year-on-year [4] - In Q1 2025, the company's net profit further decreased to 504 million yuan, down 26.21% year-on-year, continuing the downward trend [5] - The company holds a leading position in the production of spandex fiber and polyurethane raw materials, with significant scale advantages, but is facing pressure from low industry prosperity [4][5]

Core Viewpoint - Guangdong Construction Group (002060.SZ) reported a revenue increase of 6.25% year-on-year for Q1 2025, but experienced a decline in net profit and cash flow from operating activities [1][3]. Financial Performance - The company's total revenue for Q1 2025 was 14.422 billion yuan, ranking 9th among disclosed peers, with an increase of 848 million yuan compared to the same period last year [1]. - The net profit attributable to shareholders was 144 million yuan, ranking 48th among peers, showing a decrease of 25.193 million yuan, a year-on-year decline of 14.92% [1]. - Operating cash flow was -3.948 billion yuan, ranking 102nd among peers, down by 1.31 billion yuan from the same period last year [1]. Key Ratios - The latest debt-to-asset ratio is 89.20%, ranking 99th among peers, with a slight decrease of 0.16 percentage points from the previous quarter but an increase of 0.09 percentage points year-on-year [3]. - The gross profit margin is 8.25%, ranking 90th among peers, down by 2.38 percentage points from the previous quarter and 0.76 percentage points year-on-year [3]. - Return on equity (ROE) is 1.03%, ranking 73rd among peers, with a decrease of 0.25 percentage points compared to the same period last year [3]. Earnings Per Share and Turnover - The diluted earnings per share (EPS) is 0.04 yuan, ranking 72nd among peers, down by 0.01 yuan, a year-on-year decline of 14.89% [3]. - The total asset turnover ratio is 0.10 times, ranking 21st among peers, remaining flat compared to the previous year but down by 0.49 times year-on-year [3]. - The inventory turnover ratio is 14.54 times, ranking 11th among peers, with an increase of 0.88 times, a year-on-year increase of 6.41% [3]. Shareholder Structure - The number of shareholders is 77,100, with the top ten shareholders holding 2.877 billion shares, accounting for 76.64% of the total share capital [3]. - The largest shareholder is Guangdong Provincial Construction Engineering Group Holding Co., Ltd., holding 700 million shares [3].

Hydrogen Energy Development - CM Energy's hydrogen production technology has seen a 27% year-on-year decrease in the cost of green hydrogen production[14]. - The company plans to build a full hydrogen energy industry chain, focusing on hydrogen production equipment, green energy project investment, and green energy trade[68]. - CM Energy is focusing on developing low-carbon innovative solutions for the shipping industry to meet emission reduction demands[15]. - The hydrogen energy project "R&D and Industrialization of Off-grid High-performance Alkaline Hydrogen Generation Equipment" won the gold prize in the TERA-Award Smart Energy Innovation Competition, highlighting the company's leading position in off-grid hydrogen production technology[88]. - The company aims to develop hydrogen production equipment and hydrogen-based fuel systems, while also exploring overseas market opportunities and potential future technologies[179]. - The company aims to focus on "hydrogen, machinery, electricity, and services" by 2025, enhancing energy conversion efficiency and reducing carbon emissions[180]. - The company plans to accelerate the development of hydrogen production equipment and green energy orders, targeting market resources and competitive advantages[181]. - CMIC Green Hydrogen Technology Co., Ltd. established a joint venture with Xiamen University for hydrogen technology[30]. - The company is actively introducing social capital to incubate hydrogen production equipment and technology, aiming to build core competitive advantages in the market[194]. Financial Performance - The Company reported a revenue of US$166,773,000 in 2024, a decrease of 7.6% from US$181,337,000 in 2023, while gross profit increased to US$41,479,000[46]. - The Company maintained profitability for six consecutive years, with gross profit reaching new heights despite challenging market conditions[50]. - Total revenue for 2024 reached US$166.8 million (approximately RMB1.2 billion), with a gross profit of US$41.5 million (approximately RMB0.298 billion), representing a year-on-year increase of 1%[63]. - The company achieved total revenue of $166.8 million and a gross profit of $41.5 million in 2024, reflecting a year-on-year growth of 1%[75]. - The company achieved revenue of US$166.8 million (approximately RMB 1.2 billion) in 2024, representing a year-on-year decrease of 8%[87]. - Revenue from equipment manufacturing and packages decreased by 14.6% from US$101.4 million in 2023 to US$86.6 million in 2024, mainly due to a significant reduction in wind power business[105][109]. - Supply chain and integration services revenue fell by 11.5% from US$29.1 million in 2023 to US$25.8 million in 2024, attributed to fewer completed orders and ongoing projects in the Mexico market[106][110]. - Gross profit for 2024 was US$41.5 million, an increase of US$0.5 million from US$41.0 million in 2023, with the gross profit margin rising from 22.6% to 24.9%[114][120]. Technological Innovation - The company emphasizes technological innovation as a core driver for future growth, focusing on integrating cutting-edge technologies such as artificial intelligence and 5G[67]. - The company has established a comprehensive system for production and quality control, enabling rapid commercial production of new high-end equipment[189]. - The company is focusing on breakthroughs in strategic emerging industries, particularly in hydrogen-based green energy[188]. - The company is committed to enhancing its "green energy + smart equipment" capabilities to create long-term value for stakeholders and support sustainable development[98]. - The company aims to enhance its technological content and promote energy saving and carbon reduction in the ship market by increasing investment in technological innovation and research and development[192]. Strategic Development - The company aims to establish a global service network, enhancing overseas customer satisfaction and seizing first-mover advantages in the new energy market[69]. - CM Energy plans to deepen its core advantages in marine equipment, focusing on the development of wind sail technology and integrated control systems[79]. - The company aims to create long-term value through technological innovation in "green energy + smart equipment" to align with global carbon neutrality goals[96]. - The company plans to leverage opportunities from the strategic positioning of being an industry-leading technological innovation-driven green energy provider[87]. - The company is focusing on integrating upstream and downstream resources in the hydrogen-based fuel industry chain[192]. Market Trends and Economic Outlook - The International Monetary Fund (IMF) projects global economic growth at 3.2% for 2024 and 2025, unchanged from 2023[153]. - The World Bank predicts a global economic growth rate of 2.6% in 2024, slightly rising to an average of 2.7% in 2025-2026[152]. - Global oil consumption demand in 2025 is expected to grow by approximately 1 million barrels per day, remaining roughly the same as in 2024[157]. - In 2024, total project investments in hydrogen energy exceed RMB 200 billion, driven by major Chinese energy companies advancing green hydrogen projects[171]. - The first "Energy Law," effective January 1, 2025, formally includes hydrogen energy in China's energy management system, establishing its importance in the energy sector[176].

Core Viewpoint - The company, Youyan New Materials Co., Ltd., expects a significant increase in net profit for Q1 2025, projecting a profit of 60 million to 75 million yuan, representing a year-on-year growth of 13,076% to 16,370% [2] Group 1: Financial Performance - The main reasons for the profit increase include a reduction in the holding ratio of its subsidiary, Youyan Rare Earth New Materials Co., Ltd., leading to a loss reduction of over 30 million yuan [3] - The wholly-owned subsidiary, Youyan Yijin New Materials Co., Ltd., is expected to see a net profit increase of over 30 million yuan, driven by a significant rise in the production and sales of high-value-added target materials, with a profit growth of over 60% [3] Group 2: Production and Capacity Expansion - The company is actively promoting the expansion project for target materials at Youyan Yijin, with an actual investment of 19.47 million yuan and a cumulative investment of 466.51 million yuan as of mid-2024 [3] - The production capacity at the Changping base is fully released, and the Dezhou base is optimizing its equipment and production processes to gradually increase capacity [3] Group 3: Market Outlook - The company anticipates continued growth in the target materials business due to the recovery of the downstream semiconductor market, with sufficient orders on hand and expectations for sustained volume growth [4] - The company is focused on advancing key technologies for high-performance target materials and is strategically positioning itself in the high-end new materials market to support the semiconductor industry [4] Group 4: Industry Context - The integrated circuit target materials involve over 20 types of high-purity materials, with more than 70% of these materials now being domestically produced in China, including high-purity metals and alloy sputtering targets [6] - The company's stock price experienced a significant increase, reaching a peak of 25.72 yuan per share, reflecting a 224.34% rise from its lowest point of 7.93 yuan within the year [6]

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].