Financial Performance - For the fiscal year ending June 30, 2024, the company reported a revenue of HKD 84,738,000, a decrease of 27.2% compared to HKD 116,293,000 for the corresponding period ending June 30, 2023[3]. - The company incurred a net loss of HKD 10,223,000 for the year, a significant decline from a profit of HKD 182,083,000 in the previous period[4]. - The gross profit margin for the year was approximately 7.4%, down from a gross profit of HKD 33,526,000 in the previous period[3]. - The company reported a total loss of HKD (10,223,000) for the fiscal year ending June 30, 2024, compared to a profit of HKD 182,083,000 for the previous period[16]. - The group reported a loss attributable to owners of approximately HKD 8,629,000 for the period ending June 30, 2023, compared to a profit of approximately HKD 201,759,000 in the same period of the previous year[29]. Cash Flow and Financial Position - Operating cash outflow for the year was approximately HKD 111,687,000, indicating cash flow challenges[9]. - The company's total assets as of June 30, 2024, were HKD 254,641,000, an increase from HKD 180,851,000 in the previous year[5]. - Current liabilities amounted to HKD 364,789,000, up from HKD 314,968,000, reflecting increased financial obligations[5]. - The company reported a net current liability of HKD 147,347,000, slightly improved from HKD 150,676,000 in the previous year[5]. - The total liabilities for the company decreased to HKD (368,834,000) as of June 30, 2024, from HKD (315,494,000) for the previous period[17]. - Cash and bank balances decreased to approximately HKD 45,758,000 as of June 30, 2024, down from HKD 135,575,000 on June 30, 2023[74]. - Current assets increased to approximately HKD 217,442,000 as of June 30, 2024, compared to HKD 164,292,000 on June 30, 2023, while current liabilities rose to approximately HKD 364,789,000[74]. - The current ratio improved to approximately 0.60 times as of June 30, 2024, from 0.52 times on June 30, 2023[74]. Equity and Share Capital - The company’s equity attributable to owners was HKD 143,237,000, compared to HKD 68,578,000 in the previous year, indicating a strengthening of the equity base[6]. - The company issued 4,387,628,409 shares as of June 30, 2024, an increase from 3,687,628,409 shares as of June 30, 2023[39]. - As of June 30, 2024, the company's issued share capital was approximately HKD 3,587,769,000, divided into 4,387,628,409 shares[74]. Business Operations and Strategy - The company plans to continue its operations in the automotive leasing and IT services sectors in China, aiming for future profitability[7]. - The group plans to optimize fleet hardware and software to enhance competitiveness in the post-pandemic environment[52]. - The group aims to explore the "commuting +" operational model to provide additional value-added services during commuting time[52]. - The group is actively seeking more customers to increase revenue and profit, despite the overall industry environment not showing significant growth[52]. - The group is exploring opportunities in the bulk commodity trade and transportation sector, which is considered more stable compared to passenger transport[54]. Customer and Revenue Insights - Major customers contributing over 10% of total revenue included Customer A with HKD 12,585,000 and Customer B with HKD 11,412,000 for the fiscal year ending June 30, 2024[18]. - The total revenue for the period ending June 30, 2023, was HKD 116,293,000 from car rental and commuter bus services, a decrease from HKD 62,569,000 in the same period of the previous year[19]. - Revenue from the calculation analysis and processing center services was HKD 11,412,000 for the period ending June 30, 2023[19]. - Revenue from industry information solutions services amounted to HKD 10,757,000 for the period ending June 30, 2023[19]. Employee and Operational Costs - The group reported a significant increase in employee costs, totaling HKD 82,369,000 for the period ending June 30, 2023, compared to HKD 46,611,000 in the same period of the previous year[28]. - Administrative and other operating expenses decreased by approximately 36.8% to about HKD 32,434,000, compared to HKD 51,290,000 in the corresponding period[58]. - Financing costs decreased by approximately 45.5% to about HKD 6,882,000, mainly due to reduced interest on convertible bonds and lease liabilities[63]. Audit and Compliance - The independent auditor's report expressed a qualified opinion due to insufficient evidence regarding the existence and valuation of borrowings, impacting the financial statements[47]. - The company has taken actions to address the auditor's qualified opinion regarding borrowings, acknowledging the lack of sufficient evidence provided[48]. - The financial data for the year has been verified by the auditors, confirming consistency with the audited consolidated financial statements[98]. Future Plans and Investments - The company plans to allocate over 70% of the net proceeds from the second subscription to enhance existing operations and expand into logistics and digital economy sectors[81]. - The company has agreed to acquire all issued shares of City Gear for a maximum consideration of HKD 90,000,000, with the acquisition expected to be completed on March 28, 2024[86]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries or joint ventures during the year[86]. Dividends and Shareholder Information - The group did not recommend any dividends for the period ending June 30, 2024, and for the period ending June 30, 2023[32]. - The company does not recommend the payment of a final dividend for the year ending June 30, 2023[94]. - The annual report will be sent to shareholders by October 31, 2024, and will also be available for viewing on the aforementioned websites[99].

Financial Performance - The company's revenue for the six months ended December 31, 2023, was HKD 34,055,000, a decrease of 18.3% compared to HKD 41,654,000 for the same period in 2022[2]. - The gross loss for the period was HKD 6,693,000, compared to a gross loss of HKD 6,522,000 in the corresponding period of 2022[2]. - Operating loss for the period was HKD 20,044,000, significantly higher than the operating profit of HKD 325,474,000 in the same period last year[2]. - The company reported a loss before tax of HKD 23,961,000, compared to a profit before tax of HKD 318,494,000 in the previous year[2]. - The loss attributable to owners of the company was HKD 22,813,000, compared to a profit of HKD 326,154,000 in the corresponding period of 2022[2]. - Basic and diluted loss per share for the period was HKD 0.60, a significant decline from earnings per share of HKD 14.99 in the same period last year[2]. - Total comprehensive loss for the period amounted to HKD 24,751,000, down from total comprehensive income of HKD 310,565,000 in the previous year[47]. - The group recorded a loss of approximately HKD 23,961,000 for the period, compared to a profit of approximately HKD 318,494,000 in the corresponding period[86]. Revenue Sources - Major customer A contributed HKD 6,698,000 to the total revenue, while major customers B and C contributed HKD 11,678,000 and HKD 7,728,000 respectively in the previous year[8]. - Revenue from car leasing and commuter bus services was HKD 34,055,000 for the six months ended December 31, 2023, down from HKD 41,654,000 in the same period of 2022, representing a decrease of approximately 18.3%[42]. - The group's revenue from car leasing and commuter bus services for the period was approximately HKD 34,055,000, a decrease of about HKD 7,599,000 or 18.2% compared to the corresponding period[81]. - The company reported revenue from car rental services through a related party of approximately HKD 11,311,000 for the six months ended December 31, 2023, compared to HKD 11,062,000 for the same period in 2022, indicating a growth of about 2.25%[68]. Financial Position - The company's cash and cash equivalents increased to HKD 296,989,000 as of December 31, 2023, compared to HKD 125,593,000 at the end of June 2022, marking a significant increase of 136.2%[29]. - Total non-current liabilities decreased from HKD 526,000 to HKD 18,447,000 as of December 31, 2023[27]. - The company's total equity increased to HKD 85,298,000 as of December 31, 2023, compared to HKD 29,649,000 as of June 30, 2022[27]. - The company's total assets as of December 31, 2023, amounted to HKD 154,782,000, an increase from HKD 128,490,000 as of June 30, 2023[134]. - The total liabilities increased to HKD 307,868,000 as of December 31, 2023, compared to HKD 276,944,000 as of June 30, 2023[134]. - Current assets rose to HKD 325,197,000, up from HKD 164,292,000, indicating a substantial increase of about 97.7%[48]. - Non-current assets increased to HKD 208,233,000 as of December 31, 2023, compared to HKD 180,851,000 as of June 30, 2023, reflecting a growth of approximately 15.1%[48]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD (5,270,000) for the six months ended December 31, 2023, compared to HKD (72,306,000) for the same period in 2022[29]. - The company incurred financing costs totaling HKD 3,917,000 for the six months ended December 31, 2023, down from HKD 6,980,000 in the same period of 2022[36]. - Interest income from bank deposits for the six months ended December 31, 2023, was HKD 1,796,000, significantly higher than HKD 151,000 for the same period in 2022[134]. - The company is in the process of implementing a fundraising plan to strengthen its financial position through conditional subscription agreements[15][17]. Share Capital and Equity - The total issued shares increased from 3,687,628,409 shares on June 30, 2023, to 4,387,628,409 shares on December 31, 2023, representing an increase of approximately 19%[57]. - The company raised approximately HKD 170,573,000 from the issuance of 1,588,000,000 shares at HKD 0.11 per share in March 2022, after deducting issuance expenses[58]. - The total capital raised from the issuance of shares in November 2022 was approximately HKD 70,030,000 after deducting issuance expenses[59]. - The company issued 700,000,000 shares to Hot Mediatech on December 8, 2023, as part of its capital management strategy[122]. Operational Developments - The Tianma Tongchi Group operates approximately 800 vehicles, including electric and fuel buses, providing services tailored to specific customer needs[72]. - In the third quarter of 2023, the company updated its vehicle fleet to enhance service quality, although this led to a temporary decline in revenue and profit due to a transition to higher quality services[73]. - The company plans to optimize its fleet's hardware and software to improve competitiveness in the post-pandemic market[74]. - A new data management and big data analysis service center is being established, with equipment delivery expected by the end of 2023, aimed at enhancing the company's business resilience[75]. - The company is exploring the "passenger + service" operational model to provide additional value-added services during commuting times[74]. - A potential acquisition of City Gear Limited is underway, which is expected to strengthen the company's logistics and transportation management systems[76]. Compliance and Governance - The company has maintained compliance with corporate governance codes, with no significant deviations reported during the period[123]. - The audit committee has reviewed the financial results and confirmed compliance with applicable accounting standards and listing rules[125]. - The company has not reported any significant events occurring after the reporting period up to the date of this mid-term report[109].

Financial Performance - Revenue from the automobile leasing and commuter bus services decreased by approximately HKD 7,599,000 or 18.2%, from HKD 41,654,000 to HKD 34,055,000 during the period[11] - Revenue for the six months ended December 31, 2023, was HKD 34,055,000, a decrease of 18.3% compared to HKD 41,654,000 for the same period in 2022[38] - The company reported a net loss of HKD 23,961,000 for the six months ended December 31, 2023, compared to a profit of HKD 318,494,000 for the same period in 2022[39] - Basic and diluted loss per share for the period was HKD 0.60, compared to earnings of HKD 14.99 per share in the previous year[38] - The company reported a total comprehensive loss of HKD 24,751,000 for the six months ended December 31, 2023, compared to total comprehensive income of HKD 310,565,000 for the same period in 2022[39] - The group reported an operating loss of HKD 20,044,000 for the six months ended December 31, 2023, compared to an operating profit of HKD 325,474,000 for the same period in 2022[49] - The company recorded a loss of approximately HKD 23,961,000 for the current period, compared to a profit of approximately HKD 318,494,000 for the corresponding period[129] Cash and Assets - As of December 31, 2023, the company had cash and bank balances of approximately HKD 296,989,000, an increase from HKD 135,575,000 as of June 30, 2023[3] - Current assets increased from HKD 164,292,000 as of June 30, 2023, to HKD 325,197,000 as of December 31, 2023, primarily due to proceeds from the issuance of bonds and the third subscription[12] - Total assets for the group as of December 31, 2023, were HKD 154,782,000, an increase from HKD 128,490,000 as of June 30, 2023[49] - Total current assets as of December 31, 2023, were approximately HKD 325,197,000, up from HKD 164,292,000 on June 30, 2023, while current liabilities increased to HKD 429,685,000 from HKD 314,968,000[159] - Non-current assets increased to HKD 208,233,000 as of December 31, 2023, from HKD 180,851,000 as of June 30, 2022[40] - The company's net current liabilities decreased from approximately HKD 150,676,000 as of June 30, 2023, to HKD 104,488,000 as of December 31, 2023, a reduction of HKD 46,188,000[131] - The company's net asset value increased from approximately HKD 29,649,000 as of June 30, 2023, to HKD 85,298,000 as of December 31, 2023, an increase of HKD 55,649,000[131] Share Capital and Financing - The company issued a total of 700,000,000 shares to Hot Mediatech on December 8, 2023, as part of its capital raising efforts[9] - The total issued share capital of the company as of December 31, 2023, was approximately HKD 3,587,769,000, divided into 4,387,628,409 shares[3] - The company received valid applications for a total of 108,260,129 shares, representing approximately 16.88% of the total shares available for subscription during the public offering[4] - The remaining 532,916,921 shares, which were not subscribed, accounted for approximately 83.12% of the total shares available for subscription[4] - The company issued 610,000,000 ordinary shares at a subscription price of HKD 0.115 per share, raising approximately HKD 70,030,000, net of issuance expenses[87] - The total amount raised from the public offering was HKD 70,529,475.5, with a net amount of approximately HKD 65,212,000 after expenses[190] - The total amount raised from the third subscription is HKD 80,500,000, with a subscription price of HKD 0.115 per share, representing a premium of 40.24% over the closing price of HKD 0.087 on November 24, 2023[167] Expenses and Liabilities - Administrative and other operating expenses decreased by approximately HKD 9,470,000 or 38.1%, from HKD 24,846,000 to HKD 15,376,000 due to the absence of costs related to public offerings and debt restructuring[2] - Total liabilities increased to HKD 307,868,000 as of December 31, 2023, compared to HKD 276,944,000 as of June 30, 2023[49] - Interest expenses for borrowings totaled HKD 3,917,000 for the six months ended December 31, 2023, down from HKD 6,980,000 for the same period in 2022[95] - The group recorded bank loans, other loans, and corporate bonds amounting to approximately HKD 24,594,000, HKD 38,550,000, and HKD 101,714,000 respectively[199] Business Operations and Strategy - The company is engaged in the car rental and commuter bus services market in China, indicating a focus on market expansion[44] - The company aims to optimize existing operations in the first half of 2024 to enhance operational efficiency and explore new business segments for stable revenue support[149] - The company is focused on leveraging its resource planning and control advantages to develop additional quality business areas and enhance profitability[146] - The company plans to optimize its fleet's hardware and software to enhance competitiveness in the post-pandemic era, targeting small and medium enterprises for shuttle services in Beijing[144] - The group has engaged with several potential trading partners to expand its business in the international/domestic bulk commodity trade and transportation sector[122] Risk Management and Governance - The company has established an audit committee to oversee financial reporting, risk management, and internal control systems[20] - The management believes that foreign exchange risk is not significant, with no financial instruments used for hedging currency fluctuations[198] - The group continues to monitor and reassess foreign exchange risks and will implement non-speculative hedging arrangements as necessary[198] Future Plans and Investments - The group plans to establish a computing analysis and processing center to enter the data management and big data analytics market, with equipment delivery completed by the end of 2023[120] - A memorandum of understanding was announced in January 2023 regarding the potential acquisition of a technology company to enhance logistics and transportation management systems[121] - The proposed acquisition of City Gear involves a maximum consideration of HKD 90,000,000, and upon completion, City Gear will become a wholly-owned subsidiary of the company[170]

Financial Performance - The Company reported a challenging eighteen months ended 30 June 2023, with both revenue and profit negatively impacted due to the pandemic and macroeconomic conditions[12]. - The Group recorded revenue of approximately HK$116,293,000, representing a decrease of approximately 18.6% compared to the previous year due to COVID-19 lockdowns in cities like Beijing[47]. - The gross profit margin fell from approximately 25.9% in the previous year to a negative gross profit margin of approximately 23.0% in the current period[49]. - Other income increased by approximately 285.0% to approximately HK$331,830,000, mainly due to a one-off gain from debt restructuring[50]. - The Group recorded a profit attributable to owners of approximately HK$201,759,000 for the Current Period, compared to approximately HK$54,756,000 in the Previous Year, with basic earnings per share of approximately HK$6.63 cents, down from HK$8.54 cents[83][89]. - The Group recorded impairment losses on various assets totaling approximately HK$94,977,000 in the current period, a significant increase from approximately HK$5,128,000 in the previous year[59]. - The expected credit loss on receivables was assessed based on factors including the likelihood of recovery and credit risks associated with customers[61]. - Revenue forecasts for the next five years are projected to increase annually by 4.4% to 10% under conservative economic growth assumptions[72]. - The gross profit ratio is expected to increase by 25% in the financial year following the current period, with gradual recovery to pre-pandemic levels[73]. Business Strategy and Operations - The principal operating companies, TMTC Rental and TMTC Travel, managed to maintain stable business conditions despite external challenges[13]. - The Company is diversifying its operations to mitigate risks associated with a singular business model, focusing on business expansion and new market segments[14]. - A computational analytics and processing center is being established to develop digital management and big data analysis services, with equipment delivery scheduled for 2023[14]. - The Company signed a memorandum of understanding on 19 January 2023 for a potential acquisition, marking a significant step in the digital economy segment[14]. - The management is actively preparing to enter the natural resources products trading and commodities transportation market, aiming for substantial turnover and profits[14]. - TMTC Group plans to explore new business opportunities and expand its customer base by offering shared shuttle services to SMEs[34]. - The Group aims to explore the bulk commodities trading and transportation sector, which is perceived as more stable compared to passenger transportation post-pandemic[43]. - Future business strategies include expanding shuttle services for small and medium enterprises in the same office area to share costs and improve service offerings[36]. - The Group plans to optimize its fleet's hardware and software to enhance competitiveness in the post-pandemic environment[36]. Financial Position and Capital Management - The financial year-end date was changed from December 31 to June 30, resulting in an 18-month reporting period from January 1, 2022, to June 30, 2023[24]. - The Group's borrowings as of June 30, 2023, were approximately HK$38,550,000, with no assets pledged for securing financing since all bank loans were fully settled during the current period[134]. - The debt-to-asset ratio was reported at 53.6% as of June 30, 2023, a substantial decrease from 186.9% as of December 31, 2021[102]. - The net proceeds from the First Subscription, Open Offer, and Second Subscription totaled HK$305,815,000, with HK$196,008,000 utilized and HK$109,807,000 unutilized as of June 30, 2023[127]. - The total amount planned for business expansion and general working capital from net proceeds was HK$145,815,000, all of which was utilized in 2023[127]. - The Group's cash and bank balances amounted to approximately HK$135,575,000, significantly up from HK$2,136,000 as of December 31, 2021[96]. - The current ratio improved to approximately 0.52 times as of June 30, 2023, compared to 0.11 times as of December 31, 2021[102]. Human Resources and Compliance - As of June 30, 2023, the Group had 382 employees, a decrease from 530 employees as of December 31, 2021, with no major changes in staff remuneration policies during the eighteen months[133]. - The Group emphasizes the importance of human resources, ensuring reasonable remuneration and regular updates to policies on benefits and occupational health and safety[180]. - The Group maintains compliance with relevant laws and regulations in both Hong Kong and the PRC, ensuring adherence to the Companies Ordinance and other applicable laws[194]. - The Group's compliance with the Listing Rules includes maintaining registers of substantial shareholders and disclosing inside information as required[192]. Environmental and Social Responsibility - The Group is committed to environmentally-friendly practices, focusing on resource conservation and aiming for green, circular, and low-carbon development[183]. - The Group actively promotes a paperless office and encourages employees to conserve resources and energy[184]. - An Environmental, Social and Governance Report (ESG Report) will be published electronically, detailing management strategies and their impact on sustainable development[186]. - The Group's environmental policies include minimizing impact through electricity savings and recycling initiatives[184]. Recent Developments and Future Outlook - The Company resumed trading on the Stock Exchange on March 10, 2022, after fulfilling resumption conditions following a restructuring approved on January 21, 2022[23]. - The Group did not have any material acquisitions or disposals of subsidiaries, associates, or joint ventures during the current period, nor any significant investments held as of June 30, 2023[128]. - There were no material events subsequent to June 30, 2023, that would materially affect the Group's operating and financial performance[144]. - The Group's management will continuously evaluate business objectives and may modify plans based on changing market conditions to ensure business growth[129].

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。 NATIONAL UNITED RESOURCES HOLDINGS LIMITED 國 家 聯 合 資 源 控 股 有 限 公司 （於香港註冊成立之有限公司） 254 （股份代號： ） 截至二零二三年六月三十日止十八個月 之經審核全年業績公告 國家聯合資源控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公 司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止十八個月（「本期間」） 之經審核綜合財務業績（經本公司之審核委員會（「審核委員會」）審閱）連同截至二零 二一年十二月三十一日止年度（「過往年度」）之比較數字如下： ...

Financial Performance - Revenue for the twelve months ended December 31, 2022, was HKD 77,074,000, a decrease of 46.0% compared to HKD 142,814,000 for the corresponding period in 2021[5] - Gross loss for the period was HKD 9,156,000, compared to a gross profit of HKD 36,928,000 in the previous year[5] - Operating profit significantly increased to HKD 299,000,000 from HKD 82,100,000, marking an increase of 264.0%[5] - Profit attributable to owners of the company was HKD 300,283,000, a substantial increase from HKD 54,756,000 in the prior year, representing a growth of 448.0%[5] - Basic and diluted earnings per share for the period were HKD 11.04, compared to HKD 8.54 in the previous year, reflecting a 29.2% increase[5] - Total comprehensive income for the period was HKD 280,706,000, compared to HKD 54,964,000 in the previous year, indicating a growth of 410.0%[7] - The company reported a net profit of HKD 300,283,000 for the twelve months ending December 31, 2022, compared to a net profit of HKD 54,756,000 for the previous year, indicating a significant increase[10] - The company recorded a net profit of HKD 292,692,000 in 2022, a substantial increase from HKD 58,611,000 in 2021, reflecting an increase of approximately 398%[19] Assets and Liabilities - Non-current assets decreased to HKD 186,213,000 from HKD 227,418,000, a decline of 18.2%[8] - Current assets increased significantly to HKD 290,059,000 from HKD 87,122,000, representing a growth of 233.0%[8] - Total liabilities decreased to HKD 336,725,000 from HKD 783,324,000, a reduction of 57.0%[9] - The total assets of the company decreased to HKD 232,169,000 in 2022 from HKD 302,673,000 in 2021, a decline of approximately 23%[19] - The total liabilities also decreased to HKD 291,278,000 in 2022 from HKD 360,183,000 in 2021, representing a reduction of approximately 19%[19] - The company has no bank loans as of December 31, 2022, compared to HKD 2,996,000 in 2021, while other loans decreased to HKD 46,120,000 from HKD 66,222,000[43] - The company's net asset value improved from approximately HKD 470,447,000 negative on December 31, 2021, to approximately HKD 138,874,000 positive on December 31, 2022[79] Cash Flow - The cash and cash equivalents increased to HKD 174,318,000 at the end of the reporting period, compared to HKD 2,136,000 at the beginning of the year[12] - The company experienced a net cash outflow from operating activities of HKD (78,527,000) for the year, compared to a net cash inflow of HKD 13,103,000 in the previous year[12] - The financing activities generated a net cash inflow of HKD 249,845,000, significantly improving from a net cash outflow of HKD (16,338,000) in the prior year[12] Share Capital and Equity - The company’s issued share capital decreased to 3,507,369,000 shares in 2022 from 6,411,770,500 shares in 2021, indicating a reduction in equity[50] - As of December 31, 2022, the company reported a total equity of approximately HKD 3,687,628,409, compared to HKD 6,411,770,500 as of December 31, 2021[52] - The company completed the issuance of 610,000,000 shares at a subscription price of HKD 0.115 per share, raising approximately HKD 70,030,000 after deducting issuance expenses of about HKD 120,000[52] - The company issued 207,274,309 shares to creditors at a fair value of HKD 0.11 per share, resulting in an increase in share capital of approximately HKD 22,800,000[54] Business Operations - The company is engaged in the car rental and commuter bus services market in China, focusing on expanding its operations in this sector[13] - The company plans to continue its focus on market expansion and enhancing service offerings in the commuter bus sector[13] - The company has a single operating segment, which is the provision of car rental and commuter bus services, with performance evaluated based on adjusted profit or loss before tax[18] - In 2022, the bus service business experienced a decline due to COVID-19 restrictions, but demand is expected to recover as society normalizes[62] - The company plans to optimize its fleet's hardware and software to enhance competitiveness in the post-pandemic era[62] Strategic Initiatives - The company plans to explore digital economy and system integration opportunities in 2023, including potential asset acquisitions and direct investments[67] - The company is actively seeking investment and business development opportunities through strategic partnerships and memorandums of understanding[63] - A voluntary announcement was made regarding a potential acquisition of a technology company to enhance logistics and transportation management systems[66] Governance and Compliance - The company has maintained compliance with the corporate governance code, with no deviations reported for the year ending December 31, 2022[106] - The audit committee has reviewed the unaudited interim results for the year ending December 31, 2022, confirming compliance with applicable accounting standards[108] - All directors confirmed compliance with the securities trading code during the year ending December 31, 2022[109] Employment and Workforce - The company employed 435 staff members as of December 31, 2022, down from 530 the previous year, reflecting a focus on operational efficiency[91]

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 41,654,000, a decrease of 43.9% compared to HKD 74,118,000 for the same period in 2021[7] - The operating profit for the period was HKD 325,474,000, significantly up from HKD 6,098,000 in the previous year[7] - The net profit for the period was HKD 318,494,000, compared to a net loss of HKD 4,519,000 in the corresponding period of 2021[7] - Basic and diluted earnings per share for the period were HKD 14.99, a substantial increase from a loss of HKD 0.70 per share in the prior year[7] - Total comprehensive income for the period was HKD 310,565,000, compared to a loss of HKD 7,548,000 in the same period last year[8] - The group reported a profit attributable to owners of the company of approximately HKD 326,154,000 for the six months ended June 30, 2022, compared to a loss of HKD 4,515,000 in 2021[29] - The group recorded a gross loss of approximately HKD 6,522,000 for the period, with a negative gross margin of 15.7%, compared to a gross profit of approximately HKD 19,877,000 and a gross margin of 26.8% in the corresponding period[60] Assets and Liabilities - Non-current assets as of June 30, 2022, totaled HKD 206,934,000, down from HKD 227,418,000 as of December 31, 2021[9] - Current liabilities decreased to HKD 359,455,000 from HKD 783,324,000 at the end of the previous year[9] - The company's total equity as of June 30, 2022, was HKD 98,703,000, a recovery from a negative equity of HKD 470,447,000 at the end of 2021[10] - The company’s total assets as of June 30, 2022, were HKD 256,134,000, down from HKD 302,673,000 at the end of 2021[19] - The company’s total liabilities decreased to HKD 252,021,000 from HKD 360,183,000 at the end of 2021[19] - The company’s total liabilities decreased significantly due to debt restructuring, with a reduction of HKD 231,914,000 during the period[42] Cash Flow and Financing - The net cash flow from operating activities was a negative HKD 72,036,000, a significant decline from a positive cash flow of HKD 6,584,000 in the previous year[12] - Cash and cash equivalents increased significantly to HKD 252,350,000 from HKD 87,122,000 at the end of the previous year[9] - Cash and cash equivalents increased to HKD 125,953,000 at the end of the period, up from HKD 660,000 at the end of 2021[12] - The company recorded borrowings of approximately HKD 47,554,000 as of June 30, 2022, down from HKD 69,218,000 as of December 31, 2021, with bank loans amounting to HKD 1,433,000 at an interest rate of 6.175%[82] - Financing costs for the period were approximately HKD 6,980,000, a decrease of about HKD 3,637,000 or 34.2% from approximately HKD 10,617,000 in the corresponding period[63] Business Operations - The company has one operating segment, which is the provision of car rental and commuter bus services[19] - The company is expanding its business coverage in first-tier cities and tourist areas, successfully initiating a pilot program in Hangzhou with local passenger transport companies[59] - The pilot program allows the company to earn service fees based on a percentage of operating income without incurring capital expenditures, reducing business expansion risks[59] - The management is also developing new quality businesses in commercial freight and logistics services, including iron ore and coal transportation[59] - The COVID-19 pandemic significantly impacted operations, leading to a decrease in service usage and revenue during the second quarter of 2022[58] Share Capital and Equity - The company completed the issuance of 1,588,000,000 shares at a subscription price of HKD 0.11 per share, raising approximately HKD 170,573,000[49] - The total issued share capital as of June 30, 2022, was HKD 3,437,339,000, with 3,077,628,409 shares outstanding[47] - The company’s issued share capital decreased from 6,411,770,500 shares to 3,077,628,409 shares due to a share consolidation effective January 25, 2022[49] - The subscription price per share was set at HKD 0.11, representing a discount of approximately 92.3% to the theoretical closing price[73] Governance and Compliance - The audit committee has reviewed the unaudited condensed interim results for the six months ending June 30, 2022, and confirmed compliance with applicable accounting standards and listing rules[98] - The company has adopted the corporate governance code as a benchmark for its governance practices and has complied with the relevant code provisions, with some exceptions noted[97] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[98] Employee and Management - As of June 30, 2022, the group had 451 employees in Hong Kong and China, a decrease from 530 employees as of December 31, 2021[80] - The company continues to review employee compensation based on individual performance and financial results, with additional benefits including medical insurance and mandatory provident fund contributions[80] - The company has not appointed a CEO; the role and functions are performed collectively by all executive directors to ensure swift decision-making[94] Risks and Future Outlook - The management believes that the foreign exchange risk faced by the group is not significant, with most income and expenses denominated in RMB and HKD[79] - The company plans to continue evaluating its business objectives and may revise its plans based on changing market conditions[77]

Business Performance and Strategy - TMTC Group maintained stable business conditions despite the pandemic, with operations primarily in shuttle bus services[13]. - The pandemic's impact on corporate customers affected the Company's performance growth[13]. - The Company plans to diversify its business from shuttle bus services to include passenger transportation, freight transportation, and other services[14]. - The management recognizes the need to avoid reliance on a single business segment to mitigate pandemic-related risks[14]. - The Company aims to cautiously expand into related industries based on thorough research and inspection[14]. - The performance for 2021 is considered acceptable, with expectations for improved results in 2022[21]. - The overall performance in 2021 was stable, with a gradual normalization of the shuttle bus business in Beijing[49]. - The company is alert to the impacts of the pandemic on existing and potential customers, affecting its business expansion progress[49]. Financial Highlights - The Group's revenue from car rental and shuttle bus services for 2021 was approximately HK$142,814,000, an increase of 6.2% compared to HK$134,527,000 in 2020[28]. - The cost of revenue for 2021 was approximately HK$105,886,000, reflecting a 2.2% increase from HK$103,568,000 in 2020[28]. - The gross profit margin improved to 25.9% in 2021 from 23.0% in 2020, with gross profit rising by 19.3% to HK$36,928,000[28]. - Other income for 2021 was approximately HK$86,181,000, up from HK$69,472,000 in 2020, primarily due to a gain on other loan written off amounting to HK$85,786,000[28]. - The Group's profit for the year increased by approximately HK$18,600,000 or 46.5% from HK$40,011,000 in 2020 to HK$58,611,000 in 2021, with a net profit margin increase from 29.7% to 41.0%[31]. - Current assets increased from approximately HK$84,932,000 as at 31 December 2020 to approximately HK$87,122,000 as at 31 December 2021, mainly due to an increase in trade receivables[33]. - Total liabilities decreased from approximately HK$852,778,000 as at 31 December 2020 to approximately HK$784,987,000 as at 31 December 2021, primarily due to the settlement of borrowings and lease liabilities[33]. - The issued share capital of the Company was HK$3,178,754,000 divided into 6,411,770,500 shares as at 31 December 2021[33]. Capital Reorganisation and Debt Restructuring - The Company completed Capital Reorganisation, Open Offer, Subscription, and Debt Restructuring, achieving Resumption of Trading[12]. - The restructuring and transactions for resumption of trading were approved on January 21, 2022, allowing trading to resume on March 10, 2022[23]. - A total of 7 valid applications were received for 108,260,129 Offer Shares, representing approximately 16.88% of the total number of Offer Shares available for subscription under the Open Offer[44]. - The remaining 532,916,921 Unsubscribed Shares represented approximately 83.12% of the total number of Offer Shares available for subscription[44]. - On March 9, 2022, the Board announced the allotment of 972,500,000 Subscription Shares and 615,500,000 Subscription Shares to the First and Second Subscribers, respectively[44]. - A total of 207,274,309 Creditors Shares were allotted and issued to 11 Creditors under the Debt Restructuring[44]. - The Capital Reorganisation included a Share Consolidation where every 10 existing Shares were consolidated into one Consolidated Share effective January 25, 2022[44]. Management and Governance - Mr. Ji has been the executive director since August 29, 2017, and chairman since November 29, 2018, leading the overall direction of the company[57]. - The company emphasizes the importance of independent directors in enhancing corporate governance and oversight[76]. - The board of directors includes members with diverse backgrounds in law, finance, and management, contributing to a well-rounded governance structure[76]. - The Company is committed to maintaining high standards of corporate governance to safeguard the interests of all Shareholders and enhance corporate value[148]. - The Company has adopted a Board Diversity Policy to enhance diversity at the Board level, considering factors such as gender, age, and professional experience[155]. - The Nomination Committee is responsible for reviewing the Board's composition and ensuring the effectiveness of the Board Diversity Policy[155]. Risk Management and Compliance - The Group's risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[195]. - The Company recognizes that effective risk management is essential for long-term sustainable growth[200]. - The Board is responsible for overseeing risk management and internal control systems, ensuring an annual review of their effectiveness[194]. - The Company complied with the relevant provisions of the Corporate Governance Code during the year ended December 31, 2021, with some deviations explained[149]. Future Outlook - The company aims to expand its business scope beyond Beijing to mitigate the impact of potential pandemic recurrences, conducting research in other cities for expansion[49]. - The company plans to invest in logistics and freight markets, including land, railway, air, and ship transportation logistics, to leverage the rigid demand for goods transportation[51]. - The management believes that 2022 will be a year of vigorous development, focusing on business expansion and laying a solid foundation for future growth[52].

National United Resources Holdings Limited ( Incorporated in Hong Kong with limited liability ) Stock Code: 254 2021 Interim Report 國家聯合資源控股有限公司 National United Resources Holdings Limited 國家聯合資源控股有限公司 (於香港註冊成立的有限公司) 股份代號 : 254 2021 中期報告 頁次 公司資料 2 簡明綜合損益表 3 簡明綜合全面收入表 4 簡明綜合財務狀況表 5 簡明綜合權益變動表 7 簡明綜合現金流量表 8 簡明綜合中期財務報表附註 9 管理層討論與分析 26 其他資料 34 國家聯合資源控股有限公司 1 二零二一年中期報告 目錄 國家聯合資源控股有限公司 二零二一年中期報告 2 獨立非執行董事 公司秘書 註冊辦事處 薪酬委員會 公司網站 提名委員會 公司資料 董事 執行董事 紀開平先生（主席） 郭培遠先生 非執行董事 安景文先生 李文先生 邱克先生 陳燕雲女士 陳佩珊女士 審核委員會 李文先生（委員會主席） 安景 ...

National United Resources Holdings Limited 國家聯合資源控股有限公司 ( Incorporated in Hong Kong with limited liability ) (於香港註冊成立的有限公司) Stock Code 股份代號 : 254 闯也 课 all and 2020 Annual Report 年 報 Contents 目錄 國家聯合資源控股有限公司 2020年年報 1 Page 頁次 | --- | --- | |------------------------------------------------|------------------| | | | | Contents | 目錄 | | Corporate Information | 公司資料 | | Chairman's Statement | 主席報告 | | Management Discussion and Analysis | 管理層討論與分析 | | Directors' Biographies | 董事履歷 | | Directors' Report | 董事會報告 | ...