Financial Performance - For the year ended December 31, 2023, the group's total revenue decreased by 42%, while leasing business revenue increased by 46% to approximately HKD 640 million, accounting for 82% of total revenue[3]. - The overall gross profit margin for the year was 40%, representing a 20% year-on-year increase, primarily due to the suspension of lower-margin commodity trading operations[3]. - The group's profit before tax for the year was approximately HKD 121.5 million, which is comparable to the previous year's figure of HKD 122.2 million, reflecting a slight decrease of 1%[21]. - The group recorded a comprehensive profit of HKD 68.4 million for the year, down from HKD 77.3 million in the previous year[7]. - Total revenue for the year ended December 31, 2023, was HKD 740,011,000, with significant contributions from leasing (HKD 604,020,000) and investment (HKD 86,819,000) segments[29]. - The company reported a profit before tax of HKD 122,231,000, despite a loss of HKD 6,238,000 from the fair value of investment properties[33]. - The company reported a fair value loss on investment properties of HKD 4,541,000 for the year[58]. - The company reported a government subsidy of HKD 442,000 in 2023, down from HKD 797,000 in 2022, indicating a reduction in support for tourism-related activities[82]. - The final dividend for the year 2023 is proposed at HKD 0.34 per share, down from HKD 0.39 in 2022[106]. Asset and Liability Management - As of December 31, 2023, the group's total assets amounted to approximately HKD 10.6 billion, an increase of 6% compared to the previous year[3]. - The company reported a net asset value of HKD 2,860,103,000, slightly down from HKD 2,935,250,000 in the previous year[47]. - Current liabilities included bank borrowings of HKD 2,018,666,000, reflecting an increase from HKD 1,969,931,000 in the previous year[36]. - The total liabilities decreased from HKD 643.36 million in 2022 to HKD 572.57 million in 2023, with current liabilities dropping significantly[124]. - The total liabilities increased by 9% from approximately HKD 7.07 billion in 2022 to approximately HKD 7.71 billion in 2023, with more external financing obtained to support leasing business growth[166]. - Bank borrowings as of December 31, 2023, were approximately HKD 3.74 billion, an 18% increase from HKD 3.17 billion in 2022, with 87% of the borrowings denominated in RMB[167]. - The debt-to-equity ratio was 2.42 times, and the debt-to-asset ratio was 0.66 times as of December 31, 2023, indicating a stable financial condition with strong revenue-generating capacity[169]. Leasing Business Growth - The leasing services include financing leases, sale and leaseback, and operating lease services[10]. - The leasing business saw significant growth, with financing and operating lease revenues increasing by 46% year-on-year, accounting for 82% of total revenue in 2023, up from 32% in 2022[132]. - The leasing revenue for 2023 increased by 46% to HKD 604,020,000 compared to HKD 414,578,000 in 2022[104]. - The company’s operating revenue from leasing arrangements was HKD 414,578,000, with significant contributions from interest income on receivables amounting to HKD 316,756,000[56]. - The net amount of leasing receivables reached approximately HKD 8,876,776,000, an 8% increase from the previous year[110]. - Interest income from leasing activities rose by 36% to HKD 446,461,000, up from HKD 327,793,000 in 2022[112]. - The average leasing receivables balance increased by 37% to HKD 9,011,237,000 compared to HKD 6,588,790,000 in 2022[112]. - The company added 42 new leasing projects with a total principal of approximately HKD 4,390,000,000 during the year[109]. - Operating lease rental income tripled in 2023, reflecting the company's ability to capture market demand[114]. Commodity Trading Suspension - The group has suspended its commodity trading business to focus more on its core leasing operations[24]. - The company suspended its commodity trading business to focus on core operations, aiming to enhance profitability and stability[77]. - The group suspended its commodity trading business in early 2023 and focused on three main segments: leasing, property development and investment, and offshore tourism services and hotels[135]. - The group decided to suspend its commodity trading business due to significant market volatility and price risks, reallocating resources to develop leasing operations[156]. - The group suspended its commodity trading business at the beginning of 2023, resulting in a revenue decrease of approximately HKD 748.1 million[186]. Risk Management and Compliance - The company aims to focus on leasing business as its main development direction while cautiously investing in other financial assets to maximize shareholder value[170]. - The company has undergone revisions in accounting standards, ensuring compliance with the latest Hong Kong Financial Reporting Standards[53]. - The expected credit loss provision rate increased from 0.20% in 2022 to 0.72% in 2023, reflecting adjustments made for customers affected by the COVID-19 pandemic[122]. - The company identified several customers with overdue payments, leading to a total impairment provision of approximately HKD 62.08 million[122]. - The group aims to enhance its operational capabilities while expanding its leasing business, focusing on risk control and compliance[194]. Operational Efficiency - Employee costs, including directors' remuneration, decreased from HKD 81,691,000 in 2022 to HKD 71,493,000 in 2023[62]. - Administrative expenses decreased by approximately HKD 14.81 million or 13% to about HKD 101.2 million in 2023, primarily due to business streamlining[191]. - The company plans to actively sell remaining properties in the Cheng Tong Xiang Xie Li project and explore further asset restructuring opportunities[164]. Market and Segment Performance - The offshore tourism services and hotel segment benefited from a 50% increase in tourist numbers in Hainan Province, reaching over 90 million in 2023[153]. - Revenue from marine tourism services increased by 192% to HKD 27.18 million in 2023, while hotel business revenue rose by 84% to HKD 7.45 million[183]. - The overall segment performance recorded approximately HKD 26,740,000, an increase of 11% compared to the previous year[151]. - The overall gross profit margin for the property development segment improved due to cost adjustments after project completion[181].

Financial Performance - Profit for the period increased to HK$38,905,000 for the six months ended June 30, 2023, compared to HK$21,758,000 in the same period of 2022, representing an increase of 78.8%[25] - Total comprehensive expense for the period was HK$130,757,000, compared to HK$117,828,000 in the previous year, indicating an increase of 10.5%[25] - The total comprehensive (expense)/income attributable to owners of the Company was HK$130,921,000, compared to HK$118,504,000 in 2022, reflecting a decrease in comprehensive income[25] - For the six months ended June 30, 2023, the profit attributable to owners of the Company was HK$38,741,000, representing an increase of 83.9% compared to HK$21,082,000 for the same period in 2022[97] - Total revenue for the six months ended June 30, 2023, was HK$372,817,000, an increase from the previous period[33] Revenue Sources - Revenue from leasing arrangements amounted to HK$21,479,000, while rental income from investment properties was HK$66,352,000[33] - Interest income from loans receivable reached HK$205,047,000, contributing significantly to total revenue[33] - Interest income from deposits and other financial assets for the six months ended June 30, 2023, was HK$7,001,000, up from HK$6,459,000 in 2022, marking an increase of 8.4%[75] - Segment revenue from leasing services increased, contributing significantly to the overall revenue growth, although specific figures were not disclosed in the provided content[82] - Rental income under operating leases for owned machinery and equipment increased significantly to HK$66,352,000 in 2023 from HK$15,482,000 in 2022, reflecting a growth of approximately 328.5%[182] Assets and Liabilities - Net current assets as of June 30, 2023, were HK$133,331,000, an increase from HK$116,286,000 at the end of 2022[52] - Total assets less current liabilities increased to HK$6,463,377,000 from HK$5,905,537,000[52] - The Group's total liabilities rose to HK$8,081,645,000 as of June 30, 2023, compared to HK$7,074,485,000 at the end of 2022, indicating an increase of 14.2%[88] - Current liabilities as of June 30, 2023, were HK$1,521,710,000, an increase from HK$1,472,916,000 as of December 31, 2022[169] - Non-current liabilities rose to HK$1,601,737,000 as of June 30, 2023, compared to HK$1,229,353,000 as of December 31, 2022[169] Cost Management - The management discussion and analysis section indicates a focus on operational efficiency and cost management to improve profitability in the upcoming periods[25] - Total staff costs decreased to HK$39,824,000 in 2023 from HK$47,674,000 in 2022, representing a reduction of approximately 16.5%[116] - Cost of inventories sold significantly decreased to HK$48,683,000 in 2023 from HK$266,152,000 in 2022, indicating a reduction of about 81.7%[116] Strategic Initiatives - The company is committed to enhancing its market presence and exploring new strategies for growth, although specific details on new products or technologies were not disclosed in the interim report[25] - The company plans to continue its efforts in market expansion, particularly in sectors aligned with its core competencies, although specific markets were not identified in the report[25] - The interim report highlights the importance of maintaining strong relationships with financial institutions to support future growth initiatives[19] - The Group is actively monitoring market trends and adjusting its strategies accordingly to navigate potential economic challenges[25] Financial Instruments and Valuation - The Group's financial instruments are valued using observable market data where available, with Level 1 measurements based on quoted prices in active markets[191] - For Level 2 measurements, inputs are derived from observable data, while Level 3 measurements rely on unobservable inputs[191] - The Group's financial liabilities and assets are categorized into a fair value hierarchy based on the observability of inputs used in the valuation[191] - The Group's management collaborates with qualified external valuers to establish appropriate valuation techniques[191] Related Party Transactions - The Group has significant receivables from related parties, including HK$16,485,000 from Ningxia MCC Meili Cloud New Energy Co., Ltd. and HK$32,550,000 from China Railway Leasing Co., Ltd.[200] - The Group operates within an economic environment influenced by the PRC government, considering itself ultimately controlled by the government[200] - Transactions with other government-related entities include leasing arrangements and bulk commodity trade[200] Dividends and Shareholder Returns - The final dividend declared for the year ended December 31, 2022, was HK$23,262,000, a decrease from HK$32,209,000 for the previous year, reflecting a reduction of 27.8%[94] - No dividend will be declared for the current interim period, indicating a strategic decision by the Board[80] - The company declared a final dividend of HK$0.39 per share for the year ended December 31, 2022, down from HK$0.54 per share in 2021, totaling approximately HK$23,262,000[119]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA CHENGTONG DEVELOPMENT GROUP LIMITED 中國誠通發展集團有限公司 (於香港註冊成立之有限公司) (股份代號: 217) 有關截至二零二三年六月三十日止六個月之中期業績補充公告 茲提述本公司日期為二零二三年八月二十六日內容有關截至二零二三年六月 三十日止六個月之中期業績的公告 （「該公告」）。除另有界定者外，本公 告所用詞彙與該公告所界定者具有相同涵義。 董事會謹此就本集團截至二零二三年六月三十日止六個月之未經審核綜合財 務報表（「中期財務資料」）提供額外資料如下： 中期財務資料所載截至二零二二年十二月三十一日止年度的財務資料（作為 比較資料）並不構成本公司該年度的法定年度綜合財務報表，惟乃摘錄自該 等財務報表。根據香港法例第622章香港公司條例（「公司條例」）第436條 規定須披露有關該等法定財務報表之進一步資料如下： ...

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。 CHINA CHENGTONG DEVELOPMENT GROUP LIMITED 中國誠通發展集團有限公司 （於香港註冊成立之有限公司） （股份代號：217） 截至二零二三年六月三十日止六個月 之中期業績 財務摘要 • 於回顧期內，營業額減少22%至約港幣3億7,282萬元，乃由於回顧期內本集 團專注於租賃業務發展但由二零二三年初起暫停大宗商品貿易活動。 • 於回顧期內，毛利增加約港幣3,124萬元或29%，乃由於租賃業務的規模持續 擴展及海上旅遊服務和酒店業務逐步復甦。 • 銷售及行政費用合共減少約港幣710萬元，主要歸屬於實施有效的成本控制 措施。 • 於回顧期內，綜合除稅前及稅後溢利增加，分別為約港幣6,961萬元及約港 ...

Financial Performance - In FY2022, the Group's rental income increased to approximately HK$0.37 million from HK$0.28 million in FY2021, and income from leasing certain office premises rose to approximately HK$2.42 million from HK$1.26 million[4]. - The marine recreation services and hotel segment revenue decreased by approximately 37% compared to the previous year due to ongoing COVID-19 restrictions, leading to total segmental selling expenses dropping to approximately HK$8.84 million from HK$13.50 million[7]. - Other income and gains included interest income of approximately HK$16.70 million, up from approximately HK$15.43 million in FY2021, and value-added tax credits of approximately HK$3.02 million were obtained[8]. - The Group's administrative expenses increased by 12% to approximately HK$120.62 million from HK$107.62 million in FY2021[10]. - Selling expenses decreased by approximately 21% to about HK$12.53 million from HK$15.94 million in FY2021, despite an increase in agency commission costs[11]. - The Group anticipates new development opportunities in 2023 as the domestic economy begins to recover[15]. Assets and Liabilities - Total assets as of December 31, 2022, were approximately HK$10.01 billion, a 23% increase from HK$8.17 billion in the previous year, with current assets making up about 42% of total assets[20]. - The Group's total liabilities increased by 41% to approximately HK$7.07 billion from HK$5.03 billion, while total net assets decreased by 7% to approximately HK$2.94 billion[20]. - As of December 31, 2022, the current ratio decreased to approximately 0.97 times from 1.17 times in 2021, primarily due to bank borrowings classified as current liabilities[21]. - The Group's cash and deposits amounted to approximately HK$534.56 million as of December 31, 2022, a decrease from approximately HK$1,384.67 million in 2021, accounting for about 5% of total assets[21]. - Bank borrowings increased by approximately 120% to HK$3,167.01 million as of December 31, 2022, compared to HK$1,441.78 million in 2021[21]. - The total debts to total equity ratio increased to 2.12 in 2022 from 1.41 in 2021, indicating higher leverage[22]. - The total debts to total assets ratio rose to 0.62 in 2022 from 0.54 in 2021, reflecting an increase in overall debt levels[22]. Financial Strategy and Risks - The financial leasing industry is expected to maintain healthy development during the "14th Five-Year Plan" period, driven by domestic industry upgrades and macroeconomic recovery[14]. - The Group plans to focus resources on rapidly expanding its principal business of financial leasing to create greater value for shareholders[17]. - The Group's foreign exchange reserve decreased by approximately HK$240 million during the year, impacting net assets as of December 31, 2022[28]. - The Group's leasing receivables were primarily accounted for using floating interest rates, effectively hedging against interest rate risks from bank borrowings in the PRC[50]. - The Group will continue to monitor interest rate fluctuations and implement appropriate hedging strategies[54]. Corporate Governance - The Company adheres to the corporate governance code as per the Listing Rules, ensuring operational transparency and accountability[83]. - The Group emphasizes the importance of good corporate governance for sustainable development and continuously strives to uphold high standards[80]. - The Board comprises a balance of skills and experiences necessary for effective leadership, reflecting independence in decision-making[87]. - The Company has complied with all code provisions of the Corporate Governance Code for the year, ensuring adherence to applicable laws and regulations[107]. - The Company has adopted a Board Diversity Policy, considering various factors such as gender, age, and professional experience in director appointments[121]. Board Structure and Meetings - The Board consists of six Directors, all male, and aims to introduce at least one female Director by December 31, 2024, to enhance gender diversity[1]. - The Company held a total of thirteen Board meetings during the year, including four regular meetings[1]. - The Remuneration Committee held two meetings during the year to review the remuneration policy and structure for Directors and senior management[1]. - The Nomination Committee comprises two independent non-executive Directors and one executive Director, focusing on the nomination process for Board candidates[1]. - The Board has established five committees, including the newly formed ESG Committee, to oversee various aspects of corporate governance[189]. Workforce and Diversity - As of the report date, the workforce gender ratio is approximately 58% male and 42% female, indicating a balanced gender representation[1]. - The Company emphasizes the importance of gender diversity in its workforce and will periodically review this aspect in line with business development[1]. - The Board believes that gender diversity will enhance decision-making processes and foster business development[1].

Financial Compliance and Reporting - The interim financial information for the six months ended June 30, 2022, was reviewed and found to be in compliance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" [14] - The condensed consolidated income statement for the period is unaudited and includes key financial metrics [16] - The Group has adopted several amendments to HKFRSs effective from January 1, 2022, but these amendments did not have a material effect on the Group's financial results [71] Governance and Leadership - The company has established an Environmental, Social and Governance (ESG) Committee effective from July 1, 2022, to enhance its governance framework [4] - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure [4] - The company has appointed Wang Daxiong as a non-executive director effective from July 1, 2022, strengthening its leadership team [4] - The audit committee is chaired by Lee Man Chun, Tony, ensuring oversight of financial reporting [4] - The company has a dedicated remuneration committee to address compensation matters for its executives [4] Financial Performance - For the six months ended June 30, 2022, the turnover was HK$476,167,000, an increase from HK$473,753,000 in 2021 [18] - Gross profit decreased to HK$106,869,000 from HK$120,819,000, reflecting a decline of approximately 11.5% [18] - Profit for the period was HK$21,758,000, down from HK$54,373,000, representing a decrease of about 60% [23] - Total comprehensive income for the period was a loss of HK$117,828,000, compared to a gain of HK$72,099,000 in the previous year [23] - Basic and diluted earnings per share decreased to HK$0.35 from HK$0.93, a decline of approximately 62% [18] Assets and Liabilities - Non-current assets decreased to HK$4,031,116,000 from HK$4,367,594,000, a reduction of about 7.7% [27] - Current liabilities increased to HK$3,418,253,000 from HK$3,238,608,000, an increase of approximately 5.6% [30] - Total assets less current liabilities decreased to HK$4,728,551,000 from HK$4,929,198,000, a decline of about 4.1% [30] - The company reported a fair value loss on investment properties of HK$2,009,000 compared to a gain of HK$470,000 in the previous year [18] Cash Flow and Financing Activities - Net cash used in operating activities for 2022 was HK$ (70,059), a significant improvement from HK$ (1,353,561) in 2021, indicating a reduction in cash outflow [61] - Net cash generated from investing activities was HK$ 7,042, compared to HK$ 20,519 in the previous year, reflecting a decrease in investment cash flow [61] - New bank loans raised amounted to HK$ 1,221,282, a substantial increase from HK$ 516,668 in 2021, indicating a strong financing activity [61] - Net cash generated from financing activities was HK$ 94,042, a decrease from HK$ 1,758,274 in the previous year, suggesting a reduction in financing inflows [61] - The net increase in cash and cash equivalents for the period was HK$ 31,025, down from HK$ 425,232 in 2021, reflecting a decline in overall liquidity [61] Business Segments and Operations - The company is primarily engaged in investment holding, leasing, bulk commodity trading, property development, and marine recreation services, indicating a diversified business model [64] - For the six months ended June 30, 2022, the Group's total turnover was HK$476,167,000, with external sales from leasing at HK$186,102,000 and bulk commodity trade at HK$240,724,000 [77] - The segment results for leasing were HK$65,328,000, while bulk commodity trade generated a segment result of HK$1,743,000, and marine recreation services and hotel reported a loss of HK$11,365,000 [77] Taxation and Dividends - Current tax expense for the period was HK$21,449,000, slightly down from HK$22,802,000 in the previous year [132] - The company did not declare any interim dividend for the six months ended 30 June 2022 and 2021 [141] - The final dividend of HK$0.54 per ordinary share for the year ended 31 December 2021 totaled HK$32,209,000, approved on 24 June 2022 [140] Receivables and Payables - Trade and bills receivables reached HK$36,738,000 as of June 30, 2022, up from HK$30,062,000 as of December 31, 2021 [174] - Prepayments to suppliers significantly increased to HK$59,685,000 as of June 30, 2022, from HK$15,132,000 as of December 31, 2021 [174] - Other receivables decreased to HK$19,915,000 as of June 30, 2022, down from HK$29,773,000 as of December 31, 2021 [174] - Trade payables were reported at HK$9,533,000 as of June 30, 2022, significantly higher than HK$1,296,000 as of December 31, 2021 [189] - Other payables and accruals increased to HK$68,766,000 as of June 30, 2022, from HK$51,361,000 as of December 31, 2021 [189] Loans and Borrowings - The total bank borrowings amounted to HK$1,969,078,000 as of June 30, 2022, an increase from HK$1,441,775,000 as of December 31, 2021 [192] - Secured bank borrowings increased to HK$1,468,579,000 as of June 30, 2022, compared to HK$981,456,000 as of December 31, 2021 [192] - The effective interest rates of bank loans ranged from 2.25% to 4.90% per annum as of June 30, 2022, compared to 1.99% to 4.90% as of December 31, 2021 [198]

Financial Performance - The Group recorded a turnover of approximately HK$1,173 million in 2021, representing an increase of approximately 26% compared to HK$932 million in 2020[16]. - Profit before income tax for the year amounted to approximately HK$170 million, reflecting a growth of approximately 7.6% from HK$158 million in the previous year[16]. - The significant increase in profit before tax was primarily due to the sharp rise in profit contribution from the leasing business, with segment results of approximately HK$197 million, a year-on-year increase of approximately 62%[16]. - The Group's consolidated turnover for the year ended December 31, 2021, was approximately HK$1,172.68 million, representing an increase of approximately 26% compared to the previous year[30]. - The consolidated profit before income tax was approximately HK$169.81 million, representing a 7% increase from approximately HK$158.08 million last year, driven by a 46% year-on-year surge in consolidated gross profit to approximately HK$272.31 million[37]. Leasing Business - The leasing business generated a segment turnover of approximately HK$315 million, which is an increase of approximately 115% year-on-year[16]. - Finance lease receivables and loans receivable for the year reached approximately HK$5.87 billion, representing a year-on-year increase of approximately 183%[17]. - The Group's leasing segment achieved a revenue increase of 115% year-on-year, with rental income from operating leases surging by over 6 times compared to the previous year[43]. - Chengtong Leasing completed 37 finance lease and sales and leaseback projects, along with 24 consultancy service projects, marking an increase of over 100% in project numbers year-on-year[43]. - The Group's leasing receivables had an aggregate carrying value of approximately HK$3,907.63 million, significantly up from approximately HK$199.99 million in 2020[144]. Asset Management - Total assets of the Group amounted to approximately HK$8.17 billion, indicating a year-on-year increase of approximately 100%[17]. - The Group's total assets reached approximately HK$80.17 billion, reflecting a year-on-year growth of about 100%[22]. - As of December 31, 2021, the Group's total assets amounted to approximately HK$8,167.81 million, representing an increase of approximately 109% compared to HK$3,906.75 million as of December 31, 2020[126]. - The Group's total liabilities increased to approximately HK$5,026.10 million as of December 31, 2021, from approximately HK$921.48 million as of December 31, 2020, marking a rise of 445%[126]. Securities Issuance - The Group successfully issued two phases of asset-backed securities (ABS) totaling approximately RMB3 billion, with over 70% of the underlying assets being state-owned enterprise and green assets[17]. - The second phase of ABS achieved an average coupon rate of 3.6%, setting a new record[17]. - The Group successfully issued two phases of asset-backed securities totaling approximately RMB 30 billion, achieving an average coupon rate of 3.6%[22]. Business Strategy - The Group aims to strengthen strategic guidance and increase efforts in divesting non-core businesses while focusing on leasing as its principal business[23]. - The Group plans to actively promote the restructuring of its marine recreation services and hotel business due to ongoing losses impacted by COVID-19[25]. - The Group plans to deepen business development in four major areas: energy saving and environmental protection, transportation and logistics, internet data centers, and new energy[118]. - The Group will steadily expand its cross-border leasing business and gradually open up domestic and overseas financing channels[118]. - The Group aims to accelerate the construction and sales of the CCT-Champs-Elysees project while gradually withdrawing from property development[118]. Corporate Governance - The Group emphasizes the importance of good corporate governance for sustainable development and strives to uphold high standards continuously[163]. - The Company complied with all code provisions of the Corporate Governance Code for the Year, except for the absence of Professor He Jia at the AGM due to other commitments[163]. - The Board is responsible for major matters, including risk management strategies and significant financial decisions, ensuring the healthy growth of the Company[163]. - The Board comprises a balanced mix of skills and experiences, ensuring effective leadership and independent decision-making[165]. - The Company has consistently met the Listing Rules requirements for independent non-executive directors, maintaining at least three such directors, representing over one-third of the Board[165]. Financial Ratios - The current ratio as of December 31, 2021, was approximately 1.17 times, down from approximately 2.32 times in 2020, indicating a decrease in liquidity[126]. - The debt to equity ratio was approximately 1.41 times, and the debt to asset ratio was approximately 0.54 times, indicating increased leverage due to the focus on leasing business[132]. - The interest coverage ratio was approximately 28 times, representing a year-on-year increase of approximately 40% from 20 times as of December 31, 2020[132]. Operational Efficiency - The Group completed a total of 37 projects throughout the year, enhancing its operational efficiency[17]. - The segmental cost of revenue increased by approximately HK$79.44 million or 40 times from last year to approximately HK$81.44 million, primarily due to the rapid expansion of the leasing business[47]. - The Group had more than 60 active leasing customers, primarily state-owned enterprises, with comparatively low non-performing exposures[53]. Market Performance - The Group's international trade revenue increased significantly by approximately 71% to approximately HK$755.43 million for the year, while total segment revenue increased by approximately HK$77.54 million or 11% from the previous year[57]. - The trading of steel products grew by 82% to HK$520.90 million, while chemicals increased by 77% to HK$225.28 million; however, coal and others decreased by 67% to HK$9.25 million[62]. - Revenue from marine recreation services rose by about 35% to approximately HK$13.77 million, up from HK$10.21 million in 2020[80]. Future Outlook - The Group does not have any future plans for material investments or capital assets in the coming year[146]. - There are no significant future investment or capital asset plans disclosed for the upcoming year beyond what is reported in the annual report[150]. - No significant events occurred after the end of the reporting period[151].

中國誠通發展集團有限公司 China Chengtong Development Group Limited ( 於香港註冊立之有限公司) 股份託 Stok Code: 217 .. . | --- | --- | --- | --- | --- | |----------|-----------------------------------------------------------------------------|-------|-------------|------------| | | | | | | | Contents | | | | | | 目錄 | | | | Non-Ac/Ac | | 2 | Corporate Information 公司資料 | | 非財務╱財務 | Date 日期 | | 4 | Report on Review of Interim Financial Information 中期財務資料的審閱報告 | | | | | 6 | Condensed Consolidated Income Statement 簡明綜合收益表 | | | | | 7 | Co ...

中國誠通發展集團有限公司 China Chengtong Development Group Limited ( 於香港註冊成立之有限公司 ) (Incorporated in Hong Kong with limited liability) 股份代號 Stock Code: 217 61.320 67.112 77.218 53.682 87.322 69.321 59.113 ANNUAL REPORT 年 度 報 告 CONTENTS 目錄 2 Corporate Information 公司資料 Chairman's Statement 4 主席致辭 Management Discussion and Analysis 6 管理層討論與分析 Biographies of Directors and Senior Management 23 董事及高级管理層履歷 Corporate Governance Report 28 企業管治報告 Directors' Report 45 董事會报告 Independent Auditor's Report 67 獨立核數師報告 Consolidated Inc ...

Financial Reporting and Compliance - The interim financial information for the six months ended June 30, 2020, was prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" without any material discrepancies[14]. - The review of the interim financial information was conducted in compliance with the relevant provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[9]. - The independent review report confirms that no significant issues were identified during the review process[14]. - The company is committed to maintaining compliance with Hong Kong accounting standards and regulations[14]. - The interim report includes detailed financial statements and explanatory notes spanning pages 6 to 44[8]. Financial Performance - The company reported a condensed consolidated income statement and comprehensive income statement for the period, reflecting its financial performance[8]. - Turnover for the six months ended June 30, 2020, was HK$527,035,000, representing an increase of 3.3% compared to HK$507,888,000 in 2019[16]. - Gross profit for the same period was HK$73,538,000, up from HK$54,928,000, indicating a significant increase of 33.7%[16]. - Profit for the period decreased to HK$14,332,000 from HK$17,182,000, reflecting a decline of 16.8% year-over-year[19]. - Earnings per share attributable to owners of the Company was HK$0.26, down from HK$0.32 in the previous year, a decrease of 18.8%[16]. - Total comprehensive income for the period attributable to owners of the Company was a loss of HK$99,937,000, compared to a gain of HK$89,453,000 in 2019[19]. Assets and Liabilities - Non-current assets as of June 30, 2020, totaled HK$1,314,209,000, a decrease from HK$1,020,462,000 at the end of 2019[21]. - Current liabilities increased to HK$750,474,000 from HK$636,039,000, representing an increase of 17.9%[24]. - Net current assets as of June 30, 2020, were HK$1,511,966,000, down from HK$1,939,893,000, a decrease of 22.0%[24]. - Total equity as of June 30, 2020, was HK$2,788,006,000, a decrease from HK$2,914,216,000 at the end of 2019, reflecting a decline of 4.3%[24]. Cash Flow and Financing Activities - For the six months ended June 30, 2020, net cash used in operating activities was HK$350,679,000, compared to HK$25,566,000 in 2019, indicating a significant increase in cash outflow[40]. - Net cash generated from investing activities was HK$222,358,000, a decrease from HK$280,135,000 in the same period of 2019[40]. - Cash and cash equivalents at the end of the period were HK$666,666,000, down from HK$1,075,838,000 at the end of June 2019, reflecting a decrease of approximately 38%[40]. - The company reported a net increase in cash and cash equivalents of HK$17,414,000 for the period, compared to a net decrease of HK$81,862,000 in the previous year[40]. - The total cash flow from financing activities resulted in a net increase of HK$17,414,000, contrasting with a net decrease of HK$110,907,000 in the prior year[40]. Segment Performance - For the six months ended June 30, 2020, the Group's total turnover was HK$527,035,000, with external sales from finance leasing at HK$59,752,000 and bulk commodity trade at HK$443,771,000[59]. - The segment results showed a profit before income tax of HK$29,342,000, with finance leasing contributing HK$55,103,000 and bulk commodity trade contributing HK$1,010,000[59]. - The property development segment generated revenue of HK$17,812,000, while property investment and marine recreation services contributed HK$699,000 and HK$5,001,000 respectively[59]. Related Party Transactions and Contingent Liabilities - Related party transactions were disclosed, indicating ongoing business relationships during the reporting period[170]. - As of June 30, 2020, the Group had contingent liabilities of approximately HK$252,036,000 related to guarantees for mortgage loans, up from HK$207,145,000 at the end of 2019, an increase of 21.6%[194]. - The financial impact of the guarantees provided is considered minor by the board of directors, and thus no provision has been made in the interim financial information[198]. Corporate Governance - The audit committee is chaired by Lee Man Chun, Tony, ensuring oversight of financial reporting[4]. - The company has established a remuneration committee to oversee compensation practices, chaired by He Jia[4]. - The company’s issued and fully paid share capital remained at HK$2,185,876,000 as of June 30, 2020, with 5,808,735,000 shares[149].