中证智能财讯 能源国际投资（00353）7月25日披露2024-2025年年度报告。截至3月31日的12个月内，公司实现营业收入1.52亿港元，同比下降37.38%；归母 净利润2.56亿港元，同比增长393.04%；经营活动产生的现金流量净额为9081.7万港元，同比下降73.78%；据报告显示，能源国际投资基本每股收益为0.2372 港元，平均净资产收益率为22.57%。 以7月25日收盘价计算，能源国际投资目前市盈率（TTM）约1.54倍，市净率（TTM）约0.31倍，市销率（TTM）约2.6倍。 市盈率(TTM)历史分位(%) 001 190 96.64 83.8 80 70 -69x21 60 50 40 -37.82 30 28957 20 10 0 2019-12-37 I 2027-72-37 ' 0-12-37 0-06-30 l-OF 2n- 制图数据来自恒生聚源数据库 市净率(LF)历史分位(%) 100 ଛି ୨୦ 80 70 60 50 45.75 45.2 43x89 42a46 40 38:26 3544 3424 30 30.52 20 10 0 2019-12-37 1 20 ...

ANNUAL REPORT 2024/25 年 報 CONTENTS 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 7 | | Biographical Details of Directors | 董事履歷詳情 | 13 | | Corporate Governance Report | 企業管治報告 | 17 | | Report of the Directors | 董事會報告 | 31 | | Independent Auditor's Report | 獨立核數師報告 | 53 | | Consolidated Income Statement | 綜合收益表 | 62 | | Consolidated Statement of Comprehensive Income | 綜合全面收入表 | 64 | | Consolidated Statement of ...

[Financial Performance Summary](index=1&type=section&id=Financial%20Performance%20Summary) The company achieved a 391% profit increase to HKD 467 million, driven by investment property gains, with total assets growing to HKD 2.73 billion and improved liquidity [Consolidated Statement of Comprehensive Income](index=1&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) For the year ended March 31, 2025, revenue from continuing operations was HKD 152 million, down 37.4%, but profit for the year surged to HKD 467 million, up 391%, primarily due to fair value gains on investment properties Key Figures from Consolidated Statement of Comprehensive Income (HKD thousands) | Metric | 2025 | 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Continuing Operations** | | | | | Revenue | 151,679 | 242,234 | -37.4% | | Gross Profit | 135,495 | 158,411 | -14.5% | | Fair Value Gain on Investment Properties | 541,176 | 17,038 | +3076.3% | | Profit Before Income Tax | 626,294 | 122,460 | +411.4% | | Profit for the Year | 467,381 | 95,067 | +391.0% | | **Profit Attributable to Owners of the Company** | 256,330 | 51,990 | +393.0% | | **Earnings Per Share (HK cents)** | 23.72 | 5.58 | +325.1% | [Consolidated Statement of Financial Position](index=4&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, total assets increased to HKD 2.73 billion, driven by investment property revaluation and associate interests, with net assets reaching HKD 1.8 billion and the current ratio improving to 5.57 Key Figures from Consolidated Statement of Financial Position (HKD thousands) | Metric | 2025 | 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Non-current Assets | 2,302,254 | 1,516,723 | +51.8% | | Of which: Investment Properties | 2,038,373 | 1,507,397 | +35.2% | | Current Assets | 430,698 | 647,945 | -33.5% | | **Total Assets** | **2,732,952** | **2,164,668** | **+26.3%** | | **Liabilities and Equity** | | | | | Current Liabilities | 77,280 | 206,320 | -62.5% | | Non-current Liabilities | 855,720 | 604,285 | +41.6% | | **Total Liabilities** | **933,000** | **810,605** | **+15.1%** | | **Net Assets** | **1,799,952** | **1,354,063** | **+32.9%** | - As of March 31, 2025, the Group's current ratio (current assets/current liabilities) was **5.57**, a significant improvement from **3.14** in 2024[54](index=54&type=chunk) [Management Discussion and Analysis](index=19&type=section&id=Management%20Discussion%20and%20Analysis) This section reviews the significant profit increase driven by fair value gains, outlines strategic business shifts including new ventures, assesses the improved financial position, and discusses future growth prospects [Review of Operating Results](index=19&type=section&id=Operating%20Results) Profit from continuing operations surged to HKD 467 million, primarily due to a HKD 524 million increase in fair value gains on investment properties and HKD 13 million from new associate contributions, partially offset by revenue decline and credit loss impacts - Revenue from continuing operations was approximately **HKD 152 million**, a year-on-year decrease, primarily from port and storage facility rental income (**HKD 151 million**) and new electronic product trading business (**HKD 1 million**)[47](index=47&type=chunk) The oil and liquid chemical trading business has been suspended, which contributed **HKD 78 million** in the prior year[47](index=47&type=chunk) - Profit for the year from continuing operations increased from **HKD 95 million** to **HKD 467 million**, primarily driven by: - An increase in fair value gain on investment properties of approximately **HKD 524 million** - New share of results of associates of approximately **HKD 13 million** Partially offset by: - An increase in deferred tax expense of approximately **HKD 130 million** - A decrease in gross profit of approximately **HKD 23 million** - A reversal of expected credit loss allowance to impairment loss, impacting approximately **HKD 16 million**[49](index=49&type=chunk) [Segment Business Analysis](index=20&type=section&id=Segment%20Business%20Analysis) The Group's core port and storage facility leasing business remains the primary revenue source, with increased stake in Shun Dong Port Services, while new ventures include electronic product trading and a 28% acquisition in a fintech associate, alongside the termination of insurance brokerage and suspension of oil trading - The Group's core asset, Shun Dong Port Services (operating liquid chemical terminals), generated approximately **HKD 151 million** in rental income this year[50](index=50&type=chunk) In April 2025, the Group further acquired a **29.83%** equity interest in Shun Dong Port Services, increasing its total stake to **85%**[51](index=51&type=chunk) - In June 2024, the Group acquired a **28%** interest in Shenzhen Xinheyuan Technology Group for **RMB 200 million**, entering the fintech services market[68](index=68&type=chunk) This associate contributed approximately **HKD 13 million** in profit to the Group this year[68](index=68&type=chunk) - The Group commenced electronic product trading in November 2024[52](index=52&type=chunk) and ceased insurance brokerage services by selling Yigao Wealth Management in October 2023[53](index=53&type=chunk) The oil and liquid chemical trading business was suspended in the previous fiscal year due to declining profit margins from market changes[67](index=67&type=chunk) [Review of Financial Position](index=20&type=section&id=Financial%20Review) At year-end, the Group's financial position was robust, with total assets of HKD 2.73 billion, a reduced gearing ratio of 0.34, significantly lower borrowings of HKD 22 million, and improved liquidity with a current ratio of 5.57 Financial Position Indicators (HKD millions) | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Total Assets | Approx. 2,733 | Approx. 2,165 | | Total Liabilities | Approx. 933 | Approx. 811 | | Gearing Ratio | 0.34 | 0.37 | | Current Ratio | 5.57 | 3.14 | | Bank and Other Borrowings | Approx. 22 | Approx. 160 | | Bank Balances and Cash | Approx. 357 | Approx. 591 | - As of March 31, 2025, the Group had no pledged assets[58](index=58&type=chunk) In the prior year, investment properties valued at approximately **HKD 1.507 billion** were pledged as collateral for bank borrowings[58](index=58&type=chunk) [Future Outlook](index=23&type=section&id=Outlook) The company anticipates its port and storage facilities will remain a core asset for sustainable revenue and profit, while strategically investing in fintech to transition towards "new quality productive forces" and create long-term shareholder value - The company expects port and storage facilities to continue contributing significant revenue and profit to the Group, serving as a driver for sustainable growth[66](index=66&type=chunk) - The Board believes that acquiring an interest in the financial services associate allows the Group to capitalize on the development opportunities in China's credit assessment fintech market, achieving business transformation and creating value for the Group and its shareholders[68](index=68&type=chunk) [Significant Accounting Matters and Notes](index=6&type=section&id=Significant%20Accounting%20Matters%20and%20Notes) This section details the financial statement preparation basis, revenue composition, discontinued operations, significant investments and acquisitions, and the company's dividend policy and earnings per share [Basis of Preparation and Special Matters](index=7&type=section&id=3.%20Basis%20of%20Preparation) Financial statements are prepared under the historical cost convention, with certain financial instruments and investment properties measured at fair value, noting the Group's loss of control over Qinghai Senyuan and Inner Mongolia Senyuan since 2010, leading to their disposal in November 2024 - Due to non-cooperation from the former legal representative and unauthorized transfer of key assets (exploration licenses), the Group lost effective control over Qinghai Senyuan and Inner Mongolia Senyuan, ceasing their consolidation since **2010**[13](index=13&type=chunk)[14](index=14&type=chunk)[16](index=16&type=chunk) - To limit related losses, the Group disposed of the holding companies of Qinghai Senyuan and Inner Mongolia Senyuan on **November 5, 2024**[17](index=17&type=chunk) The Board believes this disposal has no impact on the Group's financial position or operations[17](index=17&type=chunk) [Revenue Analysis](index=8&type=section&id=4.%20Revenue) Total revenue from continuing operations was HKD 152 million, a 37.4% year-on-year decrease, primarily from port and liquid chemical terminal rental income of HKD 151 million, with new electronic product trading contributing HKD 0.99 million Revenue Composition from Continuing Operations (HKD thousands) | Revenue Source | 2025 | 2024 | | :--- | :--- | :--- | | Rental income from oil and liquid chemical terminals | 150,691 | 164,143 | | Trading of oil and liquid chemicals | – | 78,091 | | Trading of electronic products | 988 | – | | **Total** | **151,679** | **242,234** | [Discontinued Operations](index=14&type=section&id=10.%20Discontinued%20Operations) On October 12, 2023, the Group completed the disposal of its wholly-owned insurance brokerage subsidiary, Yigao Wealth Management, for HKD 1.162 million, classifying it as a discontinued operation with a gain on disposal of HKD 0.422 million - The Group completed the disposal of Yigao Wealth Management, an insurance brokerage subsidiary, on **October 12, 2023**, for a total consideration of **HKD 1.162 million**, classified as a discontinued operation[32](index=32&type=chunk) - The disposal of Yigao Wealth Management generated a gain of **HKD 0.422 million** and a net cash inflow of **HKD 0.43 million**[33](index=33&type=chunk) [Investments and Acquisitions](index=17&type=section&id=Investments%20and%20Acquisitions) During the year, the Group made strategic investments, acquiring a 28% interest in fintech company Shenzhen Xinheyuan for RMB 200 million, and subsequently increased its stake in core asset Shun Dong Port Services to consolidate control - On **June 17, 2024**, the Group acquired a **28%** effective economic interest in Shenzhen Xinheyuan Technology for **RMB 200 million**, paid with **RMB 120 million** in cash and **RMB 80 million** in promissory notes[41](index=41&type=chunk) The investment cost in the associate was recognized at approximately **HKD 217 million** after the acquisition[42](index=42&type=chunk) - Subsequent to the reporting period, in **April 2025**, the Group completed an acquisition for **HKD 300 million**, increasing its ordinary shareholding in core asset Shun Dong Port Services from approximately **55.17%** to **85%**[44](index=44&type=chunk)[51](index=51&type=chunk) - Subsequent to the reporting period, on **June 30, 2025**, the first batch of promissory notes with a principal of **RMB 14.546 million** vested and will be issued to the vendor, as the associate achieved its profit guarantee[45](index=45&type=chunk) [Dividends and Earnings Per Share](index=16&type=section&id=11.%20Dividends%20%26%2012.%20Earnings%20Per%20Share) The Board does not recommend any dividend for the year ended March 31, 2025; however, basic earnings per share significantly increased to 23.72 HK cents from 5.58 HK cents due to substantial profit growth, with diluted EPS being the same - The Board does not recommend the payment of any dividend for the year ended **March 31, 2025**[35](index=35&type=chunk)[61](index=61&type=chunk) Earnings Per Share Calculation | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Profit Attributable to Owners of the Company (HKD thousands) | 256,330 | 51,990 | | Weighted Average Number of Ordinary Shares (thousands) | 1,080,563 | 932,038 | | **Basic Earnings Per Share (HK cents)** | **23.72** | **5.58** | [Corporate Governance and Other Information](index=24&type=section&id=Corporate%20Governance%20and%20Other%20Information) This section details a significant related party transaction involving new share subscription and confirms the company's adherence to corporate governance code provisions [Connected Transaction: Subscription of New Shares](index=24&type=section&id=Connected%20Transaction%3A%20Subscription%20of%20New%20Shares%20Under%20Specific%20Mandate) On August 30, 2023, the company completed a connected transaction, issuing 360 million new shares at HKD 0.416 per share to Cosmic Shine International Limited, raising HKD 147 million net proceeds fully used for repaying promissory notes and bank loans - The company issued **360 million** new shares to connected party Cosmic Shine International Limited at a subscription price of **HKD 0.416** per share, for a total cash consideration of approximately **HKD 150 million**[69](index=69&type=chunk) This transaction was completed on **August 30, 2023**[70](index=70&type=chunk) Use of Proceeds (HKD millions) | Intended Use | Net Proceeds | Amount Utilized | Unutilized Amount | | :--- | :--- | :--- | :--- | | Repayment of promissory notes | 5.2 | (5.2) | – | | Repayment of bank loans | 141.6 | (141.6) | – | | **Total** | **146.8** | **(146.8)** | **–** | [Corporate Governance Practices](index=25&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The company adopted and complied with the Corporate Governance Code provisions under the Listing Rules during the year, establishing an Audit Committee comprising three independent non-executive directors to review accounting principles, internal controls, and financial reporting - The company has consistently complied with the applicable code provisions of the Corporate Governance Code throughout the reporting year[75](index=75&type=chunk) - The Audit Committee, composed of three independent non-executive directors, is responsible for overseeing financial reporting and internal control procedures[77](index=77&type=chunk)

Group 1 - The core viewpoint of the news highlights the recent performance of Energy International Investment, which saw a stock price increase of 8.64% despite a significant decline over the past month and year [1][2] - As of June 26, the Hang Seng Index fell by 0.61%, closing at 24,325.4 points, while Energy International Investment's stock closed at 0.44 HKD per share with a trading volume of 3.5484 million shares [1] - Financial data shows that for the fiscal year ending September 30, 2024, Energy International Investment reported total revenue of 66.406 million HKD, a decrease of 52.83% year-on-year, while net profit attributable to shareholders was 18.8303 million HKD, an increase of 13.34% [1] Group 2 - Currently, there are no institutional investment ratings for Energy International Investment, and its price-to-earnings (P/E) ratio stands at 8.04, ranking 12th in the oil and gas industry [2] - The average P/E ratio for the oil and gas industry is -1.94, with a median of 4.1, indicating that Energy International Investment's valuation is relatively higher compared to some peers [2] - The company's main business includes operating oil and liquid chemical product terminals, providing leasing and logistics services, and offering insurance brokerage services [2]

Share Option Plan - The company has adopted a new share option plan on September 29, 2023, allowing for the subscription of 108,056,289 shares, representing 10% of the existing issued share capital[3] - As of the date of the annual report (June 28, 2024), no share options have been granted under the new share option plan since its adoption[3] - The remaining duration of the share option plan is 9 years and 3 months as of the annual report date[6]

Group 1 - The core viewpoint of the news highlights the recent performance of Energy International Investment, which saw a stock price increase of 12.94% on June 3, closing at 0.48 HKD per share, despite a cumulative decline of 11.46% over the past month and year, underperforming the Hang Seng Index by 15.44% [1] - Financial data indicates that for the period ending September 30, 2024, Energy International Investment reported total revenue of 66.406 million HKD, a decrease of 52.83% year-on-year, while net profit attributable to shareholders was 18.8303 million HKD, an increase of 13.34% [1] - The company has a gross margin of 92.25% and a debt-to-asset ratio of 35.49% [1] Group 2 - Currently, there are no institutional investment ratings for Energy International Investment [1] - In terms of industry valuation, the average price-to-earnings (P/E) ratio for the oil and gas sector is -5.71 times, with a median of 4.02 times. Energy International Investment has a P/E ratio of 8.43 times, ranking 15th in the industry [1] - Comparatively, other companies in the sector have the following P/E ratios: Zhujiang Steel Pipe at 0.86 times, CGII Holdings at 4.02 times, Yuga International Holdings at 4.84 times, CITIC Resources at 5.01 times, and Jiaoyun Gas at 5.23 times [1][2]

Core Viewpoint - The forum focused on international cooperation in renewable energy, frontier technology integration, and green finance innovation, emphasizing sustainable development paths and practical cooperation opportunities in the global carbon neutrality process [1][2]. Group 1: Forum Highlights - The second session of the International Financial and Frontier Technology Forum was held in Paris, gathering nearly a hundred representatives from energy companies, financial institutions, and observer organizations from China and France [1]. - The theme of the forum was "Dual Carbon Towards New, Wisdom Born," highlighting the importance of collaboration in the renewable energy sector [1]. - The chairman of the New Energy International Investment Alliance proposed three initiatives: enhancing Sino-European technology cooperation, optimizing international industrial division, and deepening financial empowerment through green bonds and carbon finance [1]. Group 2: Industry Insights - According to the International Energy Agency, the global renewable energy generation capacity is expected to reach 700 GW in 2024, marking the 22nd consecutive year of record growth [2]. - China's renewable energy capacity has surpassed that of thermal power for the first time, indicating a significant shift in the global energy landscape [2]. - The president of Schneider Electric emphasized that renewable energy is crucial for addressing both climate change and energy crises, and the company aims to explore more collaboration opportunities in renewable projects [2]. Group 3: Strategic Recommendations - The president of AA&W Strategic Consulting Group highlighted China's complete renewable energy industry chain and advanced technology as essential for France and Europe in their green transition [3]. - Recommendations included Chinese companies participating in strategic investments in offshore wind and energy storage projects in France, and promoting smart grid technology sharing [3]. - The potential for Sino-French energy cooperation was emphasized, particularly in hydrogen technology and joint solar projects in Africa [3]. Group 4: Alliance Overview - The New Energy International Investment Alliance, established in 2018, integrates leading companies in wind, solar, and energy storage, aiming to create an international cooperation platform for renewable energy [4]. - Since its inception, the alliance has incubated projects totaling 20 GW and has actively supported the Belt and Road Initiative, promoting Chinese solutions, technologies, and equipment globally [4].

Group 1 - The company Energy International Investments (00353) plans to acquire 100% of the issued share capital of Xunli Chuangtou Co., Ltd. for a consideration of HKD 300 million, on a debt-free basis, through its indirect wholly-owned subsidiary Mission Achiever Limited [1] - Upon completion of the acquisition, the target company will become a wholly-owned subsidiary of the company, allowing it to control 85% of Shun Dong Port's ordinary shares, enhancing its operational control [1] - Shun Dong Port is a key operating subsidiary of the company, holding two sea area usage rights covering approximately 31.59 hectares in Dongying Port, Shandong Province, China, for land reclamation and construction purposes [1] Group 2 - The acquisition is seen as a valuable opportunity to increase the company's ordinary shareholding in Shun Dong Port, enabling it to retain more profits for distribution to shareholders and receive a larger share of dividends [2] - The acquisition will elevate the company's ordinary shareholding to over two-thirds, enhancing control over Shun Dong Port and streamlining decision-making processes related to capital increases or amendments to the company's articles of association [2] - This strategic move aligns with the company's business objectives and facilitates timely implementation of its strategic plans [2]

Group 1 - The Hang Seng Index rose by 0.38% to close at 23,206.84 points on April 1 [1] - Energy International Investment (00353.HK) closed at HKD 0.44 per share, up 8.64%, with a trading volume of 3.318 million shares and a turnover of HKD 1.4064 million, showing a volatility of 8.64% [1] - Over the past month, Energy International Investment has seen a cumulative increase of 14.08%, but a year-to-date decline of 15.62%, underperforming the Hang Seng Index by 15.25% [1] Group 2 - For the fiscal year ending September 30, 2024, Energy International Investment reported total revenue of HKD 66.406 million, a decrease of 52.83% year-on-year; net profit attributable to shareholders was HKD 18.8303 million, an increase of 13.34% year-on-year; gross margin stood at 92.25%, and the debt-to-asset ratio was 35.49% [1] - Currently, there are no institutional investment ratings for Energy International Investment [2] - The average price-to-earnings (P/E) ratio for the oil and gas industry is 33.54 times, with a median of 5.28 times; Energy International Investment has a P/E ratio of 8.04 times, ranking 14th in the industry [2] - The main business of Energy International Investment includes operating and leasing oil and liquid chemical product terminals, along with storage and logistics facilities, and providing agency services and trading of oil and liquid chemical products [2]

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$73,638,000, a decrease of 52.8% compared to HK$156,099,000 in the same period of 2023[8] - Gross profit for the same period was HK$67,928,000, down from HK$76,309,000, reflecting a gross margin decline[8] - Profit for the period from continuing operations was HK$36,664,000, an increase of 10.8% from HK$33,261,000 in the previous year[8] - Total comprehensive income for the period was HK$63,763,000, compared to a loss of HK$38,850,000 in the same period last year[10] - For the six months ended September 30, 2024, the company reported a profit of HK$20,881,000, an increase from HK$18,424,000 in the previous period[32][33] - Total profit before income tax for the period from continuing operations was HK$47,941,000, up from HK$44,128,000 in 2023, indicating a growth of about 6.4%[66] - Profit for the period attributable to the owners of the Company for continuing operations was HK$20,881,000, compared to HK$18,676,000 for the same period in 2023, representing an increase of approximately 11.8%[99] Cash Flow and Liquidity - Cash and cash equivalents decreased to HK$360,801,000 from HK$590,722,000, indicating a reduction of 38.9%[12] - Net cash generated from operating activities was HK$77,488, a decrease of 51.2% from HK$158,761 in the previous year[47] - Net cash used in investing activities was HK$516,047, a substantial increase compared to HK$1,590 in the same period last year[47] - Net cash used in financing activities amounted to HK$145,896, contrasting with a cash generation of HK$132,635 in the prior year[47] - Cash and cash equivalents at the end of the period were HK$6,401, a significant decrease from HK$363,710 at the end of the previous period[47] - The Group's total liabilities decreased from HK$811 million as of March 31, 2024 to approximately HK$780 million as of September 30, 2024[164] - The Group's total bank deposits and cash in hand were approximately HK$361 million as of 30 September 2024, down from HK$591 million as of 31 March 2024[142] Assets and Liabilities - The company reported a net current asset value of HK$326,236,000, down from HK$441,625,000 as of March 31, 2024[12] - Total equity as of September 30, 2024, reached HK$1,417,826,000, up from HK$1,354,063,000 as of March 31, 2024, reflecting a growth of approximately 4.7%[33] - The company's net assets increased to HK$1,417,826,000 as of September 30, 2024, compared to HK$1,354,063,000 as of March 31, 2024, indicating a rise of about 4.7%[33] - Reportable segment assets decreased from HK$2,118,778,000 as of March 31, 2024, to HK$1,955,326,000 as of September 30, 2024, representing a decline of approximately 7.7%[68] - Consolidated total assets increased from HK$2,164,668,000 as of March 31, 2024, to HK$2,197,746,000 as of September 30, 2024, reflecting a growth of about 1.5%[68] Expenses - Selling and distribution expenses increased to HK$10,052,000 from HK$9,488,000, reflecting a rise of 5.9%[8] - Administrative expenses decreased to HK$15,180,000 from HK$18,807,000, showing a reduction of 19.4%[8] - Interest expense on bank and other borrowings decreased from HK$4,526,000 in 2023 to HK$3,481,000 in 2024, a reduction of about 23.1%[81] - Income tax expenses increased from HK$10,867,000 in 2023 to HK$11,277,000 in 2024, representing an increase of approximately 3.8%[81] Shareholder Information - The total number of issued ordinary shares is 1,080,562,890 as of September 30, 2024[171] - The weighted average number of ordinary shares for the purpose of basic earnings per share increased to 1,080,563,000 from 783,514,000, reflecting a significant increase in share issuance[99] - The Company did not recommend any payment of interim dividends during the period, consistent with the previous year[105] - The Board did not recommend any interim dividend for the six months ended 30 September 2023, which is Nil[165] Strategic Developments - The Group's principal activities include leasing oil and liquefied chemical terminals, along with storage and logistics facilities[19] - The Group's management discussion and analysis section provides insights into financial performance and strategic direction[22] - The Group acquired a 28% effective interest in a PRC company for a total consideration of RMB200,000,000, with RMB120,000,000 paid in cash and RMB80,000,000 through promissory notes[127] - The acquisition is part of the Company's strategy to balance risk and seize business opportunities in line with the PRC's promotion of "new quality productive forces"[146] - The investment in the Opco Group is expected to enhance the Company's market position in the fintech sector in China[146] Legal and Compliance - The financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, requiring management to make judgments and estimates affecting reported amounts[19] - The Group's financial position and performance are subject to changes in accounting policies due to amendments in Hong Kong Financial Reporting Standards[19] - The Group's interim financial statements are presented in Hong Kong dollars (HK$), with all values rounded to the nearest thousand (HK$'000)[50] Management and Governance - The remuneration of key management personnel increased to HK$2,107,000 for the six months ended 30 September 2024, up from HK$1,875,000 in the previous year[160] - The Audit Committee comprises three independent non-executive Directors and is chaired by Mr. Tang Qingbin, responsible for reviewing the Group's accounting principles and financial reporting matters[199] - The remuneration committee currently comprises three independent non-executive directors and one executive director, responsible for reviewing and evaluating remuneration packages[180]