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]

Financial Performance - The company reported revenue from continuing operations of HKD 73,638,000 for the six months ended September 30, 2024, a decrease from HKD 156,099,000 in the previous year[2]. - Gross profit from sales and services was HKD 67,928,000, compared to HKD 76,309,000 in the prior period, reflecting a decline in profitability[2]. - The net profit attributable to the company's owners for the period was HKD 20,881,000, up from HKD 18,424,000 year-over-year, indicating a growth of approximately 13.4%[4]. - Basic and diluted earnings per share for continuing operations were HKD 1.93, compared to HKD 2.35 in the previous year, representing a decrease of about 17.9%[4]. - Total comprehensive income for the period was HKD 63,763,000, compared to a loss of HKD 38,850,000 in the previous year, showing a significant turnaround[10]. - The total profit for the six months ended September 30, 2024, is HKD 54,058,000, compared to HKD 54,869,000 for the same period in 2023, representing a decrease of approximately 1.5%[48]. - The group's profit before tax from continuing operations for the period is HKD 47,941,000, up from HKD 44,128,000 in the previous year, indicating an increase of approximately 6.4%[48]. Assets and Liabilities - Non-current assets increased to HKD 1,808,405,000 as of September 30, 2024, from HKD 1,516,723,000 at the end of the previous reporting period[17]. - Current liabilities decreased to HKD 63,105,000 from HKD 206,320,000, indicating improved liquidity management[17]. - The company’s total equity increased to HKD 1,417,826,000 from HKD 1,354,063,000, reflecting a growth in shareholder value[19]. - The total assets for the company as of September 30, 2024, were HKD 1,955,326,000, reflecting a decrease from HKD 2,118,778,000 as of March 31, 2024[45]. - The company’s total liabilities as of September 30, 2024, were HKD 685,839,000, showing a decrease from HKD 793,288,000 as of March 31, 2024[45]. - The group’s debt-to-equity ratio improved to 0.35 as of September 30, 2024, from 0.37 as of March 31, 2024[74]. - The current ratio of the group increased to 6.17 as of September 30, 2024, compared to 3.14 as of March 31, 2024[74]. Revenue and Income Sources - Interest income from continuing operations increased significantly to HKD 4,438,000, up 195.9% from HKD 1,500,000 in the previous year[39]. - The company reported a significant increase in bank interest income to HKD 3,799,000, compared to HKD 723,000 in the previous year[39]. - The company recorded a net loss from fair value of financial assets of HKD 10,052,000, compared to a loss of HKD 9,488,000 in the prior year[40]. - The company recorded a net impairment loss reversal for trade receivables was HKD 1,848,000, indicating a positive trend in credit risk management[40]. - The interest income from other sources decreased significantly to HKD 2,000 from HKD 779,000, a decline of approximately 99.7%[48]. Corporate Actions and Strategy - The company continues to focus on its core business of operating oil and liquid chemical product terminals along with storage and logistics facilities[21]. - Future strategies may include market expansion and potential new product developments, although specific details were not disclosed in the report[21]. - The company has ceased its insurance brokerage services in Hong Kong as of October 12, 2023, focusing on its core business in oil and liquid chemical products[43]. - The company plans to continue expanding its operations in China, leveraging its port and storage facilities in Shandong Province[43]. - The group completed the sale of its subsidiary, Yikou Financial Consulting Limited, for HKD 1,162,000 on October 12, 2023, marking a strategic exit from the insurance brokerage service segment[56]. Governance and Compliance - The company has adopted all revised Hong Kong Financial Reporting Standards for the preparation of the interim financial statements, effective from April 1, 2024, without significant changes to accounting policies or reported amounts[26]. - The company has not experienced significant changes in the presentation of its interim financial statements due to the application of the revised standards[26]. - The company has adopted and consistently adhered to the applicable corporate governance code provisions during the reporting period[96]. - The audit committee is currently composed of three independent non-executive directors, responsible for reviewing the group's accounting principles and financial reporting matters[98]. Significant Events - The company lost control over Qinghai Senyuan Mining Development Co., Ltd. and Inner Mongolia Senyuan Mining Development Co., Ltd., and will no longer consolidate these entities in its financial statements[31]. - The company is seeking to enforce a court ruling to regain control over Qinghai Senyuan and Inner Mongolia Senyuan following a final judgment from a Chinese court[32]. - The company has indicated that the sale of the holding companies of Qinghai Senyuan and Inner Mongolia Senyuan on November 5, 2024, will not further impact its financial position or operations[32]. - The company reported significant events and transactions affecting its financial condition since the publication of the annual financial statements for the year 2023/2024[23]. Employment and Commitments - As of September 30, 2024, the group employed 66 full-time employees, a slight decrease from 67 as of March 31, 2024[81]. - As of September 30, 2024, the group has capital commitments of approximately HKD 10,000,000, an increase from HKD 9,000,000 as of March 31, 2024[77]. - As of September 30, 2024, the group has no significant contingent liabilities[76]. - As of September 30, 2024, the group has no asset pledges, while investments totaling approximately HKD 1,507,000,000 were pledged as of March 31, 2024[78].

[Chairman's Statement](index=5&type=section&id=Chairman%27s%20Statement) [Business Review and Outlook](index=5&type=section&id=Business%20Review) The Chairman reviewed the Group's core business of oil and liquid chemical product terminal leasing and operations, and highlighted a strategic investment in a Chinese credit assessment fintech company in June 2024. Despite a decline in current year revenue and profit due to prior year non-recurring gains, the Chairman remains optimistic about the Group's long-term sustainable development and transition towards 'new quality productive forces' | Metric (Continuing Operations) | FY2024 (HKD Million) | FY2023 (HKD Million) | | :--- | :--- | :--- | | Revenue | 242 | 367 | | Gross Profit | 158 | 162 | | Profit | 95 | 127 | - Profit decline primarily due to a high comparative base from a non-recurring gain of approximately **HKD 63 million** from 'net gain on derecognition of financial assets and liabilities' recorded in FY2023[146](index=146&type=chunk)[151](index=151&type=chunk) - The core business of 'Port and Storage Facilities' leasing remained stable, with 14 gas tanks self-operated since August 2023, contributing approximately **HKD 37 million** in rental income[130](index=130&type=chunk)[146](index=146&type=chunk) - On June 17, 2024, the company acquired a **28% effective interest** in a Chinese credit assessment fintech company for **RMB 200 million**, aiming to transition from traditional industries to 'new quality productive forces' for long-term sustainable development[147](index=147&type=chunk)[2](index=2&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=Management%20Discussion%20and%20Analysis) [Operating Results](index=8&type=section&id=Operating%20Results) This fiscal year, the Group's continuing operations revenue decreased by **34%** to **HKD 242 million**, primarily due to reduced oil and liquid chemical product trading, while gross profit slightly declined to **HKD 158 million** and profit from continuing operations fell to **HKD 95 million** due to prior year non-recurring gains | Continuing Operations (HKD Million) | FY2024 | FY2023 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | **Revenue** | **242** | **367** | **-34%** | | Port and Storage Facilities Leasing Income | 164 | 157 | +4.5% | | Agency Services and Trading Income | 78 | 209 | -62.7% | | **Gross Profit** | **158** | **162** | **-2.5%** | | **Profit for the Year** | **95** | **127** | **-25.2%** | [Business Review](index=10&type=section&id=Business%20Review) The Group's core business, operating liquid chemical product terminals and storage facilities, contributed approximately **HKD 164 million** in rental income, with the Group increasing its stake in Shundong Port to **55.17%** in July 2022 and terminating its insurance brokerage services in October 2023 - The Group completed a further acquisition of Shundong Port in July 2022, increasing its equity stake from **46.67%** to **55.17%**[145](index=145&type=chunk) - On October 12, 2023, the Group completed the disposal of Yigao Wealth Management, thereby terminating its insurance brokerage services business[145](index=145&type=chunk) [Financial Review](index=11&type=section&id=Financial%20Review) As of March 31, 2024, the Group's financial position strengthened with total assets at **HKD 2.165 billion**, total liabilities at **HKD 811 million**, and improved liquidity, as evidenced by a current ratio of **3.14** and bank balances of **HKD 591 million**, with **HKD 1.507 billion** in investment properties pledged for borrowings | Financial Position (HKD Million) | March 31, 2024 | March 31, 2023 | | :--- | :--- | :--- | | Total Assets | 2,165 | 1,999 | | Total Liabilities | 811 | 826 | | Gearing Ratio | 0.37 | 0.41 | | Current Ratio | 3.14 | 1.95 | | Bank Balances and Cash | 591 | 83 | - As of March 31, 2024, approximately **HKD 1.507 billion** of the Group's total investment properties were pledged to secure bank borrowings[153](index=153&type=chunk) [Future Plan and Prospects](index=12&type=section&id=Future%20Plan%20and%20Prospects) The Group plans to sustain income from port and storage facilities through leasing and self-operation, with a key **RMB 200 million** investment in a Chinese fintech company in June 2024 marking a strategic transition towards 'new quality productive forces' for long-term sustainable development - The Group began leasing self-operated gas tanks to independent third parties on August 1, 2023, generating approximately **HKD 37 million** in rental income this fiscal year[163](index=163&type=chunk) - On June 17, 2024, the company acquired a **28% effective interest** in a Chinese fintech company engaged in credit assessment, fund matching, and technology services for **RMB 200 million**, aiming to enter the rapidly developing fintech solutions market[2](index=2&type=chunk)[157](index=157&type=chunk) [Biographical Details of Directors](index=14&type=section&id=Biographical%20Details%20of%20Directors) [Executive Directors](index=15&type=section&id=Executive%20Directors) The executive director team, including Chairman Mr. Cao Sheng and CEO Mr. Liu Yong, consists of six members with extensive experience in economic management, finance, accounting, investment, and corporate management - Mr. Cao Sheng, **51 years old**, was appointed Chairman of the Board in April 2022, possessing years of management experience in the shipping, offshore, and business consulting sectors[186](index=186&type=chunk) - Mr. Liu Yong, **49 years old**, was appointed Executive Director and Chief Executive Officer in April 2022, with extensive financial and management experience in Chinese government agencies and private enterprises[186](index=186&type=chunk) - Mr. Luo Yingnan, **34 years old**, was appointed Executive Director in April 2023, holding a Master's degree in Finance and possessing senior management experience in fund management, asset management, and the petrochemical energy industry[187](index=187&type=chunk) [Independent Non-Executive Directors](index=17&type=section&id=Independent%20Non-Executive%20Directors) The independent non-executive director team, comprising three members, provides independent judgment and oversight to the Board, leveraging their expertise in accounting, auditing, investment, and international management - Mr. Tang Qingbin, **60 years old**, is a member of the Chinese Institute of Certified Public Accountants, with over **20 years of experience** in accounting and auditing[5](index=5&type=chunk) - Mr. Wang Jinghua, **42 years old**, holds degrees in Economics and Finance and International Management, with extensive experience in investment and contracts for urban construction projects[5](index=5&type=chunk) - Mr. Feng Nanshan, **47 years old**, is a practicing accountant in Hong Kong and a Certified Public Accountant in Australia, with extensive experience in auditing, accounting, and taxation[6](index=6&type=chunk) [Corporate Governance Report](index=18&type=section&id=Corporate%20Governance%20Report) [Board of Directors](index=21&type=section&id=Board%20of%20Directors) The Board, comprising six executive and three independent non-executive directors, complies with listing rules, though one independent non-executive director missed the 2023 AGM; the company commits to appointing at least one female director by December 31, 2024, to enhance diversity - The Board consists of **9 members**, including **6 executive directors** and **3 independent non-executive directors**, complying with listing rule requirements[193](index=193&type=chunk) - The company complied with the Corporate Governance Code, but Independent Non-Executive Director Mr. Wang Jinghua's absence from the Annual General Meeting on September 29, 2023, constituted a deviation[7](index=7&type=chunk) - To enhance gender diversity, the Nomination Committee plans to recommend and nominate at least one female director to the Board by December 31, 2024[197](index=197&type=chunk) | Director Name | Board Meetings | Remuneration Committee | Nomination Committee | Audit Committee | General Meetings | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Cao Sheng | 5/5 | Not Applicable | Not Applicable | Not Applicable | 2/2 | | Mr. Liu Yong | 4/5 | Not Applicable | Not Applicable | Not Applicable | 2/2 | | Mr. Chen Weizhang | 5/5 | 1/1 | 1/1 | Not Applicable | 2/2 | | Mr. Lan Yongqiang | 5/5 | Not Applicable | Not Applicable | Not Applicable | 1/2 | | Mr. Shi Jun | 5/5 | Not Applicable | Not Applicable | Not Applicable | 2/2 | | Mr. Luo Yingnan | 5/5 | Not Applicable | Not Applicable | Not Applicable | 2/2 | | Mr. Tang Qingbin | 5/5 | 1/1 | 1/1 | 3/3 | 2/2 | | Mr. Wang Jinghua | 4/5 | 1/1 | 1/1 | 1/3 | 1/2 | | Mr. Feng Nanshan | 5/5 | 1/1 | 1/1 | 3/3 | 2/2 | [Board Committees](index=26&type=section&id=Board%20Committees) The company has Remuneration, Nomination, and Audit Committees; the Remuneration and Nomination Committees each include three independent non-executive directors and one executive director, while the Audit Committee, chaired by Mr. Tang Qingbin, comprises three independent non-executive directors and held three meetings to review financial statements and internal controls - The Remuneration Committee comprises **three independent non-executive directors** and **one executive director**, responsible for reviewing the remuneration of directors and senior management[19](index=19&type=chunk) - The Nomination Committee comprises **three independent non-executive directors** and **one executive director**, responsible for advising the Board on director appointments and succession matters[19](index=19&type=chunk) - The Audit Committee comprises **three independent non-executive directors**, chaired by Mr. Tang Qingbin, and held **three meetings** during the year to review financial statements and assess the effectiveness of risk management and internal control systems[20](index=20&type=chunk) [Shareholder Rights and Communication](index=30&type=section&id=Shareholder%20Rights%20and%20Communication) The company ensures effective shareholder communication via annual reports, announcements, its website, and general meetings, allowing written questions to the Board and outlining procedures for shareholders holding at least **10%** of paid-up capital to convene extraordinary general meetings or nominate directors - The company has established various channels for shareholder communication, including corporate communications, website announcements, and general meetings, and provides a dedicated contact email[40](index=40&type=chunk) - Pursuant to Article 64 of the Company's Articles of Association, shareholders holding not less than **one-tenth** of the paid-up capital of the company may request in writing to convene an extraordinary general meeting[24](index=24&type=chunk) - Shareholders may submit a written notice to the company's principal place of business or registered office at least **seven clear days** before the date of a general meeting to nominate another person for election as a director[24](index=24&type=chunk) [Report of the Directors](index=32&type=section&id=Report%20of%20the%20Directors) [Principal Activities and Financial Summary](index=33&type=section&id=Principal%20Activities%20and%20Financial%20Summary) The Group's principal activities include investment holding and leasing/trading of oil and liquid chemical product terminals, with insurance brokerage services terminated during the year; FY2024 revenue was **HKD 242 million** and profit **HKD 95.24 million**, while net assets increased to **HKD 1.354 billion** - The Company's principal business is investment holding, with its main subsidiaries engaged in leasing oil and liquid chemical product terminals, providing agency services, and trading oil and liquid chemical products. Insurance brokerage services ceased operations on October 12, 2023[43](index=43&type=chunk) | Financial Indicators (HKD Thousand) | FY2024 | FY2023 | | :--- | :--- | :--- | | Revenue | 242,245 | 366,770 | | Profit for the Year | 95,237 | 126,263 | | Total Assets | 2,164,668 | 1,998,801 | | Total Liabilities | 810,605 | 825,662 | | Net Assets | 1,354,063 | 1,173,139 | [Connected Transaction and Use of Proceeds](index=35&type=section&id=Connected%20Transaction%20and%20Use%20of%20Proceeds) On August 30, 2023, the company issued **360 million** new shares to connected person Cosmic Shine International Limited for approximately **HKD 149.8 million**; of the **HKD 146.8 million** net proceeds, **HKD 17.2 million** was used to repay debt, leaving **HKD 129.6 million** unutilized - On August 30, 2023, the company completed the issuance of **360 million** ordinary shares to connected party Cosmic Shine International Limited at a subscription price of **HKD 0.416** per share, for a total consideration of approximately **HKD 149.8 million**[28](index=28&type=chunk) | Use of Proceeds (HKD Million) | Net Proceeds | Amount Utilized | Unutilized Amount | | :--- | :--- | :--- | :--- | | Repayment of Acceptance Bills | 5.2 | 5.2 | – | | Repayment of Bank Loans | 141.6 | 12.0 | 129.6 | | **Total** | **146.8** | **17.2** | **129.6** | [Major Customers and Suppliers](index=37&type=section&id=Major%20Customers%20and%20Suppliers) The Group's business exhibits high concentration, with the top five customers accounting for **99.2%** of total sales and the largest customer **52.5%**, while the top five suppliers represented **96.7%** of total purchases, with the largest supplier at **92.4%** - Sales to the top five customers accounted for **99.2%** of total sales, with the largest customer representing **52.5%**[30](index=30&type=chunk) - Purchases from the top five suppliers accounted for **96.7%** of total purchases, with the largest supplier representing **92.4%**[30](index=30&type=chunk) [Directors' and Substantial Shareholders' Interests](index=39&type=section&id=Directors%27%20and%20Substantial%20Shareholders%27%20Interests) As of March 31, 2024, Executive Directors Mr. Cao Sheng and Mr. Liu Yong, through controlled entities, collectively held **575,431,372 shares**, representing **53.25%** of the issued share capital; a new share option scheme was adopted on September 29, 2023, but no options were granted during the year - Executive Directors Mr. Cao Sheng and Mr. Liu Yong, through controlled corporations, collectively held **575,431,372 shares**, representing **53.25%** of the issued share capital[227](index=227&type=chunk)[229](index=229&type=chunk) - The company adopted a new share option scheme on September 29, 2023, with an authorized limit of **108,056,289 shares**. No share options were granted, exercised, cancelled, or lapsed during the current year[86](index=86&type=chunk)[88](index=88&type=chunk) [Independent Auditor's Report](index=45&type=section&id=Independent%20Auditor%27s%20Report) [Auditor's Opinion](index=46&type=section&id=Auditor%27s%20Opinion) Crowe (HK) CPA Limited issued an unmodified opinion on the company's consolidated financial statements for the year ended March 31, 2024, confirming they present a true and fair view of the Group's financial position, performance, and cash flows, in compliance with Hong Kong Companies Ordinance disclosure requirements - The auditor, Crowe (HK) CPA Limited, issued an unmodified opinion[106](index=106&type=chunk) [Key Audit Matters](index=47&type=section&id=Key%20Audit%20Matters) The auditor identified two key audit matters: the valuation of investment properties, involving significant assumptions, and the fair value measurement of financial liabilities (preference shares) at fair value through profit or loss, requiring significant management estimates, for which appropriate audit procedures were performed - Key Audit Matter One: Valuation of investment properties. As of March 31, 2024, the carrying amount of the Group's investment properties was **HKD 1.507 billion**, and their valuation involves significant assumptions and judgments[97](index=97&type=chunk)[112](index=112&type=chunk) - Key Audit Matter Two: Fair value measurement of financial liabilities at fair value through profit or loss (preference shares). As of March 31, 2024, the fair value of these preference shares was **HKD 379 million**, and their fair value determination involves significant management estimates[113](index=113&type=chunk)[116](index=116&type=chunk) [Consolidated Financial Statements](index=54&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Income Statement](index=54&type=section&id=Consolidated%20Income%20Statement) For the year ended March 31, 2024, the Group's continuing operations revenue decreased by **34%** to **HKD 242 million**, with profit for the year at **HKD 95.24 million**, down **24.7%**, and basic earnings per share significantly lower at **5.58 HK cents** due to prior period non-recurring gains | Item (HKD Thousand) | FY2024 | FY2023 (Restated) | | :--- | :--- | :--- | | **Continuing Operations** | | | | Revenue | 242,234 | 366,757 | | Gross Profit | 158,411 | 162,268 | | Profit for the Year | 95,067 | 126,783 | | **Discontinued Operations** | | | | Profit/(Loss) for the Year | 170 | (520) | | **Total Profit for the Year** | **95,237** | **126,263** | | Profit Attributable to Owners of the Company | 51,990 | 89,308 | | Basic Earnings Per Share (HK Cents) | 5.58 | 12.39 | [Consolidated Statement of Financial Position](index=57&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2024, the Group's total assets increased to **HKD 2.165 billion**, primarily due to a significant rise in cash and cash equivalents to **HKD 591 million**, while total liabilities slightly decreased to **HKD 811 million**, and shareholders' equity increased to **HKD 1.354 billion**, reflecting an improved financial structure | Item (HKD Thousand) | March 31, 2024 | March 31, 2023 | | :--- | :--- | :--- | | **Non-current Assets** | **1,516,723** | **1,572,184** | | Investment Properties | 1,507,397 | 1,565,499 | | **Current Assets** | **647,945** | **426,617** | | Cash and Cash Equivalents | 590,722 | 83,092 | | **Total Assets** | **2,164,668** | **1,998,801** | | **Current Liabilities** | **206,320** | **219,185** | | **Non-current Liabilities** | **604,285** | **606,477** | | Preference Shares | 379,015 | 378,234 | | **Total Liabilities** | **810,605** | **825,662** | | **Net Assets** | **1,354,063** | **1,173,139** | [Consolidated Statement of Cash Flows](index=60&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) During the year, net cash generated from operating activities significantly increased to **HKD 346 million**, while investing activities generated **HKD 53.39 million** and financing activities **HKD 114 million**, leading to a substantial increase in year-end cash and cash equivalents to **HKD 591 million** | Item (HKD Thousand) | FY2024 | FY2023 (Restated) | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 346,367 | 101,630 | | Net Cash Generated from Investing Activities | 53,391 | 55,054 | | Net Cash Generated From/(Used In) Financing Activities | 114,005 | (128,094) | | **Net Increase in Cash and Cash Equivalents** | **513,763** | **28,590** | | Cash and Cash Equivalents at Beginning of Year | 83,092 | 57,915 | | **Cash and Cash Equivalents at End of Year** | **590,722** | **83,092** |

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佈之內容概不 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 佈 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。 ENERGY INTERNATIONAL INVESTMENTS HOLDINGS LIMITED 能源國際投資控股有限公司 * （於開曼群島註冊成立之有限公司） （股份代號：353） 截至二零二四年三月三十一日止年度 業績公佈 綜合收益表 截至二零二四年三月三十一日止年度 二零二四年 二零二三年 千港元 千港元 （經 重 列） 其 後 可 重 新 分 類 至 損 益 之 項 目： 能 源 國 際 投 資 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）於 下 文 載 列 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 綜 合 年 度 業 績（「年度業績」）連 同 截 至 二 零 二 三 ...

Financial Position - For the six months ended 30 September 2023, total assets less current liabilities amounted to HK$1,854,398,000, an increase from HK$1,779,616,000 as of 31 March 2023, reflecting a growth of approximately 4.2%[7] - Net current assets as of 30 September 2023 were HK$371,559,000, compared to HK$207,432,000 as of 31 March 2023, indicating a significant increase of approximately 78.8%[7] - Total equity attributable to owners of the Company increased to HK$974,697,000 from HK$869,114,000, marking a growth of approximately 12.1%[10] - Non-current assets totaled HK$1,482,839,000 as of 30 September 2023, a slight decrease from HK$1,572,184,000 as of 31 March 2023, indicating a decline of about 5.7%[7] - Current liabilities increased to HK$66,188,000 from HK$54,764,000, representing an increase of approximately 20.9%[7] - The Group's total liabilities as of 30 September 2023 amounted to HK$807,290,000, a decrease from HK$825,662,000 as of 31 March 2023, indicating a reduction of approximately 2.0%[117] - The current ratio improved to 2.59 as of 30 September 2023, up from 1.95 as of 31 March 2023[144] - Consolidated total assets as of September 30, 2023, amounted to HK$2,088,381,000, an increase from HK$1,998,801,000 as of March 31, 2023, representing a growth of approximately 4.4%[84] Cash Flow and Liquidity - Cash and bank balances decreased to HK$363,710,000 from HK$605,542,000, representing a decline of approximately 40%[7] - The balance of cash and cash equivalents as of September 30, 2023, was HK$261,056,000[15] - Cash and cash equivalents at the end of the period were HK$363,710,000, significantly up from HK$54,197,000 in the previous year[30] - The Group's cash and bank balances as of September 30, 2023, were HK$64,248,000, compared to HK$61,543,000 as of March 31, 2023[84] - The Group's bank borrowings amounted to approximately HK$162 million, down from HK$175 million, while other borrowings were approximately HK$10 million, compared to HK$11 million[144] Revenue and Profitability - Revenue for the six months ended September 30, 2023, was HK$156,110,000, representing an increase of 86% compared to HK$84,037,000 in the same period of 2022[28] - Gross profit for the same period was HK$76,320,000, a decrease of 7% from HK$82,202,000 in 2022[28] - Profit for the period was HK$33,009,000, down 65% from HK$95,320,000 in the previous year[28] - The company reported a profit for the period of HK$18,424,000, compared to a profit of HK$76,885,000 in the previous period[15] - Total comprehensive income for the period was HK$ (41,219,000), reflecting a decrease from HK$ 76,885,000 in the prior period[15] - Reportable segment profit for the six months ended 30 September 2023 was HK$54,869,000, compared to HK$63,114,000 for the same period in 2022, indicating a decrease of 13%[78] Expenses - Administrative expenses rose to HK$19,070,000 from HK$13,914,000, reflecting a 37% increase[28] - Total comprehensive expenses for the period amounted to HK$38,850,000, compared to HK$29,243,000 in 2022[29] - The Group's income tax expenses for the six months ended 30 September 2023 were HK$10,867,000, compared to HK$11,961,000 in the same period of 2022, representing a decrease of about 9.1%[106] Share Capital and Equity - The company issued new shares amounting to HK$ 149,760,000 during the reporting period[15] - The Group issued 360,000,000 shares at HK$0.416 per share on 30 August 2023[62] - The weighted average number of ordinary shares increased to 783,514,000 for the six months ended 30 September 2023, compared to 720,563,000 in the previous year, reflecting an increase of about 8.7%[110] - The Group's capital commitments contracted but not provided for were approximately HK$108 million as of 30 September 2023, down from HK$113 million[144] Legal and Regulatory Matters - The Group is taking legal advice to regain control over QHFSMI and IMFSMI following a PRC Court's final decision[41] - The Group's legal proceedings against Ms. Leung aim to recover the exploration license lost for QHFSMI, with ongoing efforts to enforce the court's judgment[41] - The Group's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, with all values rounded to the nearest thousand Hong Kong dollars[35] Market and Operational Insights - The geographical revenue breakdown shows that HK$156,099,000 was generated from the PRC and HK$11,000 from Hong Kong, highlighting the dominance of the PRC market[44] - The Group is currently reviewing its position regarding QHFSMI and IMFSMI, including the potential disposal of the holding company to limit losses if recovery efforts are deemed unfeasible[41] - The Group's financial performance is influenced by stable rental income from various parties leasing Port and Storage Facilities[186] Employee and Management Information - The Group employed 66 full-time employees as of September 30, 2023, an increase from 58 employees as of March 31, 2023[189] - The Group's key management personnel remuneration for the six months ended 30 September 2023 included short-term benefits of HK$1,840,000, up from HK$1,371,000 in the previous year[184] Currency and Exchange Rate Risks - The depreciation of Renminbi against HK$ negatively impacted the profit for the period compared to the same period in 2022[186] - The Group's policy is to operate in local currencies to minimize currency risks, and no derivative contracts were entered into during the period to hedge exchange rate risks[189]

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佈之內容概不 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 佈 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。 簡明綜合收益表 截至二零二三年九月三十日止六個月 毛 利 – 2 – 期內溢利 33,009 95,320 換算海外業務財務報表之匯兌差額 (71,859) (124,563) (38,850) (29,243) （未 經 審 核） （經 審 核） 二零二三年 九月三十日 二零二三年 三月三十一日 附 註 千港元 千港元 銀行借款 – 20,569 其他借款 10,303 10,652 優先股 364,888 378,234 租賃負債 4,476 2,133 遞延稅項負債 193,640 194,889 資產淨值 1,281,091 1,173,139 股 本 10,806 7,206 儲 備 963,891 861,908 非控股權益 306,394 304,025 – 5 – 中期 ...

Financial Performance - For the year ended March 31, 2023, the Group recorded revenue of approximately HK$367 million, a decrease of approximately HK$154 million compared to HK$521 million in 2022[25]. - The gross profit for the year decreased by approximately HK$3 million to approximately HK$162 million, down from HK$165 million in 2022[25]. - The Group recorded a profit of approximately HK$126 million for the year, an increase from HK$42 million in 2022, mainly due to a net gain on the derecognition of financial assets and liabilities of approximately HK$63 million and a decrease in fair value loss on preferred shares of approximately HK$19 million[27]. - The Group's revenue for the year was approximately HK$367 million, down from HK$521 million in 2022, with rental income from Port and Storage Facilities contributing approximately HK$157 million and agency services and trading of oil and liquefied chemical products contributing approximately HK$209 million[28]. - The Group's revenue from trading of oil and liquefied chemical products decreased from approximately HK$364 million in 2022 to approximately HK$209 million[28]. - The Group's revenue for the year ended 31 March 2023 was HK$366,770,000, a decrease of 29.4% compared to HK$520,579,000 in 2022[139]. - Profit attributable to owners of the Company for the year was HK$89,308,000, significantly up from HK$12,762,000 in the previous year[139]. Corporate Governance - The annual report provides a detailed overview of the company's corporate governance practices[12]. - The Board has adopted and complied with the Corporate Governance Code, with the exception of a deviation from Code Provision C.1.6[66]. - The Company emphasizes a commitment to high standards of corporate governance, focusing on transparency, honesty, and accountability[64]. - The Board considers that effective corporate governance practices are crucial for the company's sustainable development[68]. - The Company has adopted a proactive approach to corporate governance, ensuring compliance with applicable laws and regulations[116]. - The Company is committed to high standards of business ethics and corporate governance across all activities[79]. Risk Management - The company is subject to risks and uncertainties as discussed in the management analysis section of the annual report[6]. - The Board considers the Group's risk management and internal control systems effective and adequate for the year ended March 31, 2023, with no material internal control failings identified[104]. - The Company emphasizes risk management for Directors' liabilities and has arranged appropriate liability insurance for Directors and senior management, with annual reviews of the insurance coverage[96]. - The Group's management indicated potential future developments in business operations, focusing on risk management and strategic growth initiatives[128]. Market Expansion and Strategy - The Group continues to explore opportunities for market expansion and operational efficiency[25]. - Future strategies may include further development of the Port and Storage Facilities and enhancement of service offerings in insurance brokerage[25]. - With the lifting of COVID-19 restrictions in China, the Group is optimistic about the investment environment and plans to explore opportunities for expanding its existing business and entering different industries[27]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share within the next two years[57]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase market penetration[58]. Employee and Board Composition - The Group employed 58 full-time employees as of March 31, 2023, down from 71 in 2022[41]. - The Board comprises nine members, including six executive Directors and three independent non-executive Directors[80]. - The gender ratio of male to female in the workforce is 43:15, with a goal to achieve at least 20% female workforce[90]. - The Company aims to nominate at least one female director to the Board by December 31, 2024, to enhance gender diversity[90]. Financial Position - As of March 31, 2023, the Group's total assets were approximately HK$1,999 million, down from HK$2,349 million in 2022, while total liabilities decreased to approximately HK$826 million from HK$1,109 million, resulting in a gearing ratio of 0.41 compared to 0.47 in 2022[39]. - The current ratio improved significantly to 1.95 as of March 31, 2023, up from 0.73 in 2022, indicating better short-term financial health[39]. - The total liabilities of the Group decreased to HK$825,662,000 from HK$1,109,402,000, a reduction of 25.5%[140]. - The net assets of the Group as of March 31, 2023 were HK$1,173,139,000, down from HK$1,239,868,000, indicating a decrease of 5.4%[140]. Investments and Acquisitions - The Group derecognized equity instruments at fair value through other comprehensive income and recorded a net gain of approximately HK$63 million due to the completion of the acquisition of Ever Rosy Ventures Limited[31]. - The Group's investment in Tai'an Wanyue Real Estate Company Limited has underperformed due to construction delays caused by the COVID-19 pandemic[31]. - The investment in Tai'an Wanyue was rescinded during the year, leading to a classification of the investment as equity instruments at FVOCI[197]. Dividends - The company reported no dividends for the year[5]. - The Group did not recommend any dividend for the year, maintaining a conservative approach amid fluctuating market conditions[135].

Financial Performance - The company's profit for the year ended March 31, 2023, was HKD 126,263,000, compared to HKD 41,936,000 in the previous year, representing a significant increase[2] - Earnings attributable to the owners of the company were HKD 89,308,000, up from HKD 12,762,000 year-on-year[3] - The total revenue for the year was HKD 366,770,000, a decrease from HKD 520,579,000 in the previous year, indicating a decline of approximately 29.3%[19] - The revenue from the sale of oil and liquid chemical products was HKD 201,223,000, down from HKD 361,187,000, reflecting a decrease of about 44.3%[19] - The company reported a net profit attributable to shareholders of HKD 89,308 thousand for the year ended March 31, 2023, compared to HKD 12,762 thousand in the previous year, representing a significant increase[50] - The group recorded a gross profit of approximately HKD 162 million for the year, compared to HKD 165 million in the previous year, indicating a slight decrease[37] - The total comprehensive income for the year was HKD 33,117,000, down from HKD 74,576,000 in the previous year[115] - The company recorded a net profit before tax of HKD 153,152,000, compared to HKD 73,779,000 in the previous year, reflecting a significant increase[122] Revenue Sources - Investment property rental income was HKD 157,472,000, slightly up from HKD 156,290,000 year-on-year[19] - Revenue from port and storage facility rental income was approximately HKD 157,000,000, slightly up from HKD 156,000,000 in 2022[83] - Revenue from agency services and trading of oil and liquefied products totaled approximately HKD 209,000,000, down from HKD 364,000,000 in 2022[83] - The group generated rental income of approximately HKD 157 million during the year[64] Assets and Liabilities - The company's total assets decreased from HKD 1,983,897,000 to HKD 1,572,184,000, a decline of approximately 20.7%[8] - The company's total assets less current liabilities stood at HKD 1,779,616,000, compared to HKD 1,848,546,000 in the previous year[119] - The total liabilities classified amounted to HKD 785,003 million as of March 31, 2023[42] - The total liabilities of the group were approximately HKD 826 million, a decrease from HKD 1,109 million in 2022, resulting in a debt-to-equity ratio of 0.41 compared to 0.47 in 2022[66] - The company's bank borrowings decreased from HKD 276,461,000 to HKD 154,265,000, a reduction of about 44.3%[7] - The group reported trade payables of zero as of the reporting period, compared to HKD 12.77 million in 2022[81] Financial Management - Interest income decreased to HKD 3,983 million from HKD 8,957 million year-on-year, reflecting a significant decline[39] - Interest expenses on bank and other borrowings increased to HKD 14,270 thousand in 2023 from HKD 9,731 thousand in 2022[45] - The company reported a decrease in financial costs to HKD 16,455,000 from HKD 25,531,000 in the previous year, indicating improved financial management[109] - The company has maintained compliance with applicable corporate governance codes throughout the year, except for a deviation from code provision C.1.6[149] Shareholder Information - The company did not declare or recommend any dividends for the year ending March 31, 2023, consistent with the previous year[28] - The company has not proposed any dividend payments for the current year, consistent with the previous year[70] - The company has no potential dilutive ordinary shares, resulting in basic earnings per share being the same as diluted earnings per share[52] Future Plans and Developments - The company plans to resume self-operation of at least some port and storage facilities after the expiration of the renewed port lease agreement, with a monthly rental of RMB 12,500,000 until July 31, 2023[98] - The company plans to expand its business into the financial services sector following the acquisition of an insurance brokerage firm, aiming to create value for shareholders[99] - The company expects to generate significant income through leasing or self-operation of port and storage facilities post the short-term lease agreement[98] Compliance and Governance - The company has not applied any new accounting standards or interpretations that have not yet come into effect during the reporting period[11] - The audit committee is currently composed of three independent non-executive directors, with Mr. Tang Qingbin serving as the chairman[157] - The company plans to publish its annual report by the end of July 2023, which will include all information required by the listing rules[159] - The company has adopted the revised Hong Kong Financial Reporting Standards for the reporting period[146] Miscellaneous - The company’s exploration rights for titanium mining have been affected due to unauthorized transfer of exploration licenses[135] - The company recorded a fair value adjustment of HKD 12,964 thousand for the year ended March 31, 2023, compared to HKD 8,986 thousand in the previous year[53] - The fair value loss on preferred shares was HKD 19,453 million, an improvement from HKD 38,800 million in the previous year[40]