Financial Performance - For the year ended December 31, 2023, the Group's revenue from continuing operations decreased by 21.4% to HK$405,612,000 compared to the previous year[17]. - The Group recorded a post-tax loss of HK$35,767,000, a decline from a net profit of HK$4,564,000 in the previous year[17]. - Adjusted EBITDA in 2023 decreased by 28.2% to HK$82,450,000, down from HK$114,899,000 in 2022[17]. - Loss attributable to owners of the Company was HK$33,118,000 in 2023, a decline from a profit of HK$7,273,000 in 2022[35]. - Total revenue for 2023 was HK$405,612,000, with 1H 2023 revenue at HK$200,638,000 and 2H 2023 revenue at HK$204,974,000, reflecting a decrease of 21.5% compared to total revenue of HK$516,141,000 in 2022[92]. - The net loss for the year was HK$35,767,000, a significant decrease from a profit of HK$4,564,000 in 2022, representing an 883.7% decline[91]. - Basic loss per share was HK$1.09, compared to earnings per share of HK$0.24 in the previous year, marking a 554.2% decrease[91]. - Gross profit for 2023 was HK$65,417,000, down 44.8% from HK$118,828,000 in 2022[186]. - Operating profit significantly declined to HK$1,275,000 in 2023 from HK$57,827,000 in 2022, representing a decrease of 97.8%[186]. Assets and Liabilities - As of December 31, 2023, the Group's total assets were approximately HK$1,301,424,000, a decrease of about 14% from HK$1,514,046,000 in 2022[114]. - The Group's equity attributable to owners decreased to approximately HK$908,251,000 in 2023 from HK$961,677,000 in 2022, representing a decline of about 5.5%[114]. - Cash and bank balances decreased to HK$186,365,000 in 2023 from HK$270,279,000 in 2022, a reduction of approximately 31%[118]. - Current liabilities decreased to HK$249,980,000 in 2023 from HK$397,336,000 in 2022, representing a reduction of 37.2%[190]. - Total liabilities reduced to HK$288,065,000 in 2023, down 34.3% from HK$438,539,000 in 2022[190]. - Net assets decreased to HK$1,013,359,000 in 2023 from HK$1,075,507,000 in 2022, a decline of 5.8%[190]. - Non-current assets decreased to HK$969,911,000 in 2023 from HK$1,056,515,000 in 2022, a reduction of 8.2%[187]. Cash Flow and Investments - Cash and cash equivalents of the Group as of December 31, 2023, were HK$186,365,000, down from HK$270,279,000 in 2022[19]. - The Group's employee costs for the year ended December 31, 2023, were HK$89,272,000, compared to HK$101,329,000 in 2022[157]. - The Group received total dividends of approximately HK$3,945,000 from equity investments in three plastic dyeing companies, a decrease from HK$4,249,000 in 2022[70]. - The Group recognized a gain of approximately HK$4,945,000 from the disposal of Jiangsu Yu Xin Environmental Engineering Management Company Limited on August 3, 2023[136]. - The Group has contracted capital expenditure of HK$44,084,000 for property, plant, and equipment, up from HK$22,464,000 in 2022, an increase of approximately 96%[108]. Operational Changes and Future Plans - The Company plans to dispose of the operating segment of environmental equipment construction and installation services and temporarily halt operations in certain loss-making units[25]. - In 2024, the Company will explore opportunities for business restructuring to enhance operational efficiency and financial performance[25]. - The Group plans to ensure timely renewal of hazardous waste operating licenses for its subsidiaries with minimal downtime in 2024[81]. - The Group is exploring business restructuring and industrial upgrading opportunities to enhance sustainability in its environmental operations[83]. - The Group aims to strengthen its marketing function and contractual relationships with existing clients to ensure stable operations amid market competition[169]. Market and Competition - The Group faces increased competition in the hazardous waste treatment market, with a growing number of licensed operators and no significant increase in hazardous waste production from upstream manufacturers[169]. - The Group's hazardous waste operating permission licenses are critical and may face risks of suspension or delays in renewal due to compliance with PRC Government regulations[166]. - The Group is committed to maintaining high operational standards and compliance with environmental policies to ensure the renewal of necessary licenses[166]. Environmental and Compliance - The Group has implemented stringent controls over new project construction and continuously upgrades the efficiency of existing plants to mitigate environmental risks[173]. - The Group has appointed independent professionals to monitor environmental emissions and assess potential impacts on society[173]. - The Group's internal control risks have increased due to moderate changes in operational scale, necessitating continuous monitoring and review of risk management systems[173].

Financial Performance - Total revenue from continuing operations for the year ended December 31, 2023, was HKD 405,612, a decrease of 21.5% from HKD 516,141 in 2022[3] - Adjusted EBITDA for 2023 was HKD 82,450, down 28.3% from HKD 114,899 in 2022[3] - The company reported a loss attributable to shareholders of HKD 33,118 for 2023, compared to a profit of HKD 7,273 in 2022[3] - Basic and diluted loss per share for 2023 was HKD 1.09, compared to earnings of HKD 0.24 per share in 2022[3] - The company experienced a net loss of HKD 35,767 for the year, compared to a profit of HKD 4,564 in 2022[8] - The reported segment loss for the year was HKD (1,264,000), compared to a profit of HKD 54,736,000 in the previous year, indicating a significant decline in performance[28] - The company reported a revenue of HKD 1,803,000 in 2023, a significant decrease from HKD 72,810,000 in 2022, reflecting a decline of approximately 97.5%[32] - The net loss after tax for 2023 was HKD 9,481,000, an improvement from a loss of HKD 12,673,000 in 2022, representing a decrease in loss of approximately 25.5%[32] - The net loss from continuing operations was HKD 31,231,000 in 2023, compared to a profit of HKD 17,237,000 in 2022[57] - The attributable loss to equity holders was HKD 33,118,000 in 2023, down from a profit of HKD 7,273,000 in 2022[57] Revenue Breakdown - Revenue from hazardous waste incineration and landfill services was HKD 272,671,000, down 27% from HKD 373,494,000 in the previous year[23] - Revenue from industrial wastewater treatment and related management services was HKD 100,481,000, a decrease of 7.7% compared to HKD 108,323,000 in 2022[23] - Total revenue for the year was HKD 405,612,000, reflecting a decline of 21.4% from HKD 516,141,000 in the previous year[77] - The company's revenue from industrial and medical waste treatment services decreased by 27.0% to HKD 272,671,000 for the year ended December 31, 2023, compared to HKD 373,494,000 in 2022[77] Assets and Liabilities - Cash and cash equivalents as of December 31, 2023, were HKD 186,365, down 30.9% from HKD 270,279 in 2022[3] - Total assets decreased to HKD 1,301,424 in 2023 from HKD 1,514,046 in 2022, reflecting a decline of 14.0%[9] - Total liabilities decreased to HKD 288,065 in 2023 from HKD 438,539 in 2022, a reduction of 34.3%[10] - The total reportable segment assets decreased to HKD 1,278,479,000 from HKD 1,406,098,000, reflecting a reduction of approximately 9.1%[28] - The reportable segment liabilities also decreased to HKD 285,434,000 from HKD 347,466,000, a decline of about 17.9%[28] Dividends - The company declared a final dividend of HKD 0.16 per share for 2023, down from HKD 0.38 in 2022[3] - The company proposed a final dividend of HKD 0.0016 per share for 2023, down from HKD 0.0038 per share in 2022, reflecting a decrease of approximately 57.9%[42] Employee Costs - The total employee costs for 2023 were HKD 89,272,000, a decrease from HKD 101,329,000 in 2022, indicating a reduction of about 11.9%[36] - The group employs 482 full-time employees as of December 31, 2023, down from 614 in 2022, with employee costs totaling HKD 89.27 million, a decrease from HKD 101.33 million in 2022[120] Financing and Investments - The company’s financing income was HKD 5,469,000, while financing costs totaled HKD 3,780,000, resulting in a net financing income of HKD 1,689,000[28] - Total financing income for 2023 was HKD 5,469,000, slightly up from HKD 5,420,000 in 2022, marking an increase of approximately 0.9%[34] - The group has committed capital expenditures of HKD 44,084,000 for property, plant, and equipment, an increase of 96.3% from HKD 22,464,000 in 2022[86] - The group plans to invest an additional USD 15,000,000 in the expansion of its subsidiary in Zhenjiang, which includes the construction of a new hazardous waste incinerator[86] Market Conditions and Risks - The group faces increasing competition in the hazardous waste disposal industry, with more licensed companies entering the market while the volume of hazardous waste generated by upstream manufacturers has not increased proportionately[116] - The economic conditions in mainland China may impact the volume of hazardous waste and pricing for specific waste treatment services offered by the group[116] - The group is addressing credit risk from underperforming accounts receivable due to economic uncertainty, with assessments based on the location of clients in Jiangsu Province[118] - The company relies on the continuous renewal of hazardous waste operating permits from the Chinese government, which poses a risk of temporary suspension or revocation of these permits[112] Corporate Governance - The board of directors believes that having the same person serve as both chairman and CEO is beneficial for executing the company's business strategy[145] - The independent non-executive directors have confirmed their independence in accordance with listing rules[148] - The audit committee, composed of three independent non-executive directors, has reviewed the consolidated financial statements for the year ended December 31, 2023[149] - The company has confirmed compliance with the standards set forth in the listing rules regarding securities transactions by directors[152] Future Outlook - The company remains optimistic about future operations and aims to improve profitability while continuing to prioritize environmental protection and waste management[75] - The company aims to reallocate resources to develop environmental treatment services for hazardous industrial waste and medical waste in Jiangsu Province following the divestment of the loss-making business[71]

Financial Performance - Total revenue for the six months ended June 30, 2023, decreased by 24.2% to approximately HK$201,181,000 compared to approximately HK$265,585,000 for the corresponding period in 2022[22]. - Net loss for the six months ended June 30, 2023, was approximately HK$37,247,000, a decline from a profit of approximately HK$12,807,000 in the corresponding period of 2022[22]. - Loss attributable to the owners of the Company for the six months ended June 30, 2023, was approximately HK$33,165,000 compared to a profit of approximately HK$14,761,000 in the corresponding period of 2022[22]. - Basic loss per share attributable to owners of the Company for the six months ended June 30, 2023, was HK cents 0.01, down from basic earnings per share of HK cents 0.49 for the corresponding period in 2022[22]. - The Group recorded an operating loss of approximately HK$21,835,000 for the six months ended 30 June 2023, compared to an operating profit of approximately HK$36,989,000 for the same period in 2022[50]. - EBITDA decreased by 86.7% to HK$9,056,000 from HK$67,887,000[60]. - The average gross profit margin decreased by 51.7% to 10.1% from 20.9%[60]. - The Group experienced a significant decline in revenue and profitability, primarily due to market shifts in hazardous waste management in Jiangsu Province, China[132]. Revenue Breakdown - Total segment revenue from environmental treatment and disposal services for industrial and medical wastes was approximately HK$138,808,000, down from HK$186,823,000 in 2022[23]. - Revenue from environmental treatment and disposal services for industrial and medical wastes fell by 25.7% to HK$138,808,000 from HK$186,823,000[60]. - The hazardous industrial waste segment recorded a revenue of approximately HK$115,910,000 from 40,623 metric tonnes collected, compared to HK$147,778,000 from 40,567 metric tonnes in 2022, indicating a revenue decline of 21.5%[25]. - The regulated medical waste segment saw a significant drop in revenue, with only HK$21,678,000 from 4,237 metric tonnes collected, down from HK$37,834,000 from 7,443 metric tonnes in 2022, representing a 42.7% decrease[25]. - Revenue from environmental equipment construction and installation services dropped to approximately HK$543,000 from HK$4,309,000 in 2022, with a pre-tax loss of approximately HK$7,264,000 compared to a loss of HK$977,000 in the previous year[36]. - Revenue from environmental plating sewage treatment services was approximately HK$61,830,000, down from HK$74,453,000 in 2022, with a pre-tax profit margin of 13.0%, down from 17.3%[37]. Cash and Equity Position - Equity attributable to owners of the Company was approximately HK$883,888,000 at June 30, 2023, down from approximately HK$961,677,000 at December 31, 2022[22]. - Cash and cash equivalents of the Group were approximately HK$229,025,000 at June 30, 2023, compared to approximately HK$270,279,000 at December 31, 2022[22]. - The total assets of the Group as of June 30, 2023, amounted to approximately HK$1,397,945,000, a decrease from HK$1,514,046,000 at the end of 2022[79][80]. - The Group's current ratio was 1.09 times as of June 30, 2023, compared to 1.15 times as of December 31, 2022[83]. - The gearing ratio at the end of the reporting period was 9.8%, slightly up from 9.2% at the end of 2022[84]. Operational Challenges - The company is facing challenges due to a continuous decline in the hazardous waste treatment market in Jiangsu Province, China[54]. - For the six months ended June 30, 2023, total revenue decreased significantly due to a substantial drop in average unit handling prices for environmental treatment and disposal services in China, alongside a decline in revenue from industrial sewage treatment services[62]. - The gross profit margin for the same period decreased primarily due to increased outsourcing landfill costs for secondary waste disposal from the incineration process[62]. - The net loss attributable to owners of the Company was primarily due to decreased revenue from hazardous waste services and increased operating expenses related to compensation for relocation of occupants near the Eco-plating Specialised Zone[69]. Strategic Initiatives - The Group is conducting a thorough review of its operations to optimize resource allocation and divest from underperforming segments, including the environmental equipment construction and installation services business[53]. - The Group aims to uphold environmental protection standards while navigating market challenges, focusing on strategic restructuring and enhancing sustainable performance[51]. - The Group is committed to taking proactive measures to address the impacts of market changes and ensure long-term sustainable development[134]. - The Group's overall strategy includes maintaining a focus on environmental waste treatment and exploring further opportunities for market expansion and acquisitions[102]. Legal and Compliance Matters - NUET(JS) is facing legal proceedings with two shareholders claiming unpaid dividends of HK$26,579,113.60 (approximately RMB22,477,608.92) and interest of RMB4,057,752.68[107]. - The court dismissed the claims of the plaintiffs against NUET(JS) and ordered them to bear their own legal costs[108]. - The Group recognized the claimed amounts as dividends payable to non-controlling interests classified under other payables, without recognizing any interest provisions[111]. - The Group had no significant contingent liabilities other than those disclosed[109]. Employee and Compensation Information - The Group's total staff costs for the six months ended June 30, 2023, were HK$46,545,000, down from HK$52,910,000 in 2022[115]. - As of June 30, 2023, the Group employed 617 full-time employees, a decrease from 644 in 2022[115]. - The Group's employee compensation policy emphasizes performance and competitiveness in the market, aligning with statutory requirements in China and Hong Kong[118]. Share Option Scheme - The Share Option Scheme adopted on 5 May 2015 is valid for ten years, ending on 4 May 2025, with a Scheme Mandate Limit of 10% of the total number of Shares in issue[161][165]. - No share options were granted under the Share Option Scheme during the six months ended June 30, 2023, resulting in a ratio of 0 for the total number of shares that may be issued in respect of the Options granted[174]. - The total number of options lapsed up to June 30, 2023, was 9,640,000 Shares, which were unexercised and lapsed on expiry[177]. - The total number of options vested up to June 30, 2023, was 9,317,000 Shares[177]. - The company recognized a total share option expense of approximately HK$245,000 for the six months ended June 30, 2023[190].

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 部份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。 New Universe Environmental Group Limited 新 宇 環 保 集 團 有 限 公 司 （在開曼群島註冊成立之有限公司） （股票代號：436） 截至二零二三年六月三十日止六個月之 中期業績公佈 財務摘要 • 截至二零二三年六月三十日止六個月，總收益從二零二二年同期之 265,585,000港元減少24.2%至201,181,000港元。 • 截至二零二三年六月三十日止六個月，淨虧損為37,247,000港元，而二零 二二年同期的盈利則為12,807,000港元。 • 截至二零二三年六月三十日止六個月，本公司擁有人應佔虧損為 33,165,000港元，而二零二二年同期的盈利則為14,761,000港元。 • 於二零二三年六月三十日，本公司擁有人應佔股本約為883,888,000港元， 而二零二二年十二月三十一日則為961,677,000港元。 ...

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，概不對因本公佈全部或任 何部份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。 New Universe Environmental Group Limited 新 宇 環 保 集 團 有 限 公司 （在開曼群島註冊成立之有限公司） （股票代號：436） 有關截至二零二二年十二月三十一日止年度之年報 之補充公佈 謹此提述新宇環保集團有限公司（「本公司」）於二零二三年四月二十一日所刊發截 至二零二二年十二月三十一日止年度之年報（「年報」）。除文義另有界定者外，本 公佈所採用之詞彙與年報所界定者具有相同涵義。 有關購股權計劃之補充資料 除年報已提供之資料外，本公司謹此向本公司股東及潛在投資者提供下列有關購 股權計劃之額外資料： 1. 於二零二二年一月一日及二零二二年十二月三十一日，根據計劃授權限額可 供授予之購股權數目分別為273,189,701份及260,109,701份。 2. 根據購股權計劃可供發行之本公司股份總數為289,168,701股，相當於二零 二三年三月二十四日（即年報 ...

Financial Performance - For the year ended December 31, 2022, the Group's revenue decreased by 19.0% to HK$588,951,000 compared to the previous year[13] - The net profit for the same period decreased by 91.4% to HK$4,564,000, with profit attributable to owners of the Company down 82.0% to HK$7,273,000[13] - Total EBITDA in 2022 decreased by 27.8% to HK$109,264,000 compared to 2021[13] - Group revenue decreased by 19.0% to HK$588,951,000 for the year ended December 31, 2022, compared to HK$727,167,000 in 2021[43] - Net profit attributable to owners of the Company decreased by 82.0% to HK$7,273,000 in 2022, down from HK$40,419,000 in 2021[43] - Basic earnings per share attributable to owners of the Company fell by 82.0% to HK cents 0.24 in 2022[27] - Average gross profit margin declined to 20.3% from 26.4% in the previous year, representing a decrease of 23.1%[81] - Gross profit for 2022 was HK$119,357,000, down 37.7% from HK$191,665,000 in 2021[169] - Operating profit decreased to HK$44,438,000 in 2022, a decline of 39.7% from HK$73,564,000 in 2021[169] - Profit for the year attributable to owners of the Company was HK$7,273,000, a significant drop of 82.0% compared to HK$40,419,000 in 2021[169] Equity and Dividends - As of December 31, 2022, equity attributable to owners of the Company was HK$961,677,000, down from HK$1,052,779,000 in 2021[14] - The Board recommended a final dividend of HK$0.0038 per share, representing a payout ratio of approximately 158.6% of the profit attributable to owners for the year ended December 31, 2022[18] - The Board proposed a final dividend of HK cents 0.38 per share for the year ended December 31, 2022[27] - The company declared a dividend of HK$11,536,000 for the year, slightly down from HK$11,839,000 in 2021[169] Cash and Borrowings - Total bank borrowings as of December 31, 2022, were HK$97,959,000, a decrease from HK$198,970,000 in 2021[14] - Cash and cash equivalents as of December 31, 2022, were HK$270,279,000, down from HK$302,074,000 in 2021[14] - The Group's cash and bank balances were HK$270,279,000 in 2022, down from HK$302,074,000 in 2021, a reduction of 10.5%[105] - The significant reduction in bank borrowings, which fell to HK$97,959,000 in 2022 from HK$198,970,000 in 2021, a decrease of about 50.8%[172] Operational Performance - For the year ended December 31, 2022, the total segment revenue from environmental treatment and disposal services was approximately HK$373,494,000, a decrease of 18.1% from HK$456,400,000 in 2021[49] - The total waste collected and disposed of was approximately 100,096 metric tonnes, down 11.6% from 113,346 metric tonnes in 2021[51] - The profit margin (pre-tax) for the environmental treatment and disposal services segment was approximately 5.5%, a decline from 10.2% in 2021[57] - Revenue from environmental treatment and disposal services for industrial and medical wastes fell by 18.2% to HK$373,494,000[81] - Revenue from environmental equipment construction and installation services decreased significantly by 41.5% to HK$72,810,000[81] - The average utilization rate of factory buildings and facilities increased to 96.0% in 2022 from 93.8% in 2021, while the average utilization rate of sewage treatment capacity decreased to 21.1% from 26.0%[65] Future Outlook and Strategy - The Group anticipates stable business operations as COVID-19 containment policies are relaxed and market demand revives[19] - The Group will continue to explore new opportunities in the environmental industry while managing operational risks[19] - The Group aims to maintain healthy indebtedness and liquidity, ensuring effective cash management and internal control[19] - Future operations are expected to achieve long-term sustainable development despite uncertainties from the pandemic[22] - The Group is focused on environmental-related business and is exploring opportunities for business restructuring and industrial upgrades to improve sustainable performance[76] - The Group is exploring opportunities for business optimization and market diversification to mitigate financial risks[165] Risks and Challenges - The competition in the hazardous waste treatment market has intensified, with an increasing number of licensed disposal companies and no corresponding increase in hazardous waste production, affecting profitability[155] - The Group faces significant increases in credit risk due to a rise in underperforming accounts receivable from distressed clients during economic uncertainty, particularly influenced by COVID-19[164] - The Group relies on the continuous renewal of hazardous waste operating permission licenses from the PRC Government, with risks of temporary suspension or delays in renewal[154] - The Group engages in hazardous waste incineration and landfill operations, facing environmental and social responsibility risks from clients' incidental breaches of emission limits[157] Management and Governance - The board includes independent non-executive directors with extensive experience in engineering and accounting, enhancing corporate governance[199][200] - The company is committed to maintaining high standards of financial reporting and compliance through its audit committee[199] - The independent directors have a strong academic background, with qualifications from prestigious institutions, contributing to informed decision-making[199][200] - The Group has appointed independent consultants to periodically review the effectiveness of its risk management and internal control systems[161]

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 何部份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。 New Universe Environmental Group Limited 新 宇 環 保 集 團 有 限 公司 （在開曼群島註冊成立之有限公司） （股票代號：436） 截至二零二二年十二月三十一日止年度之 全年業績公佈 摘要 二零二二年 二零二一年 千港元 千港元 收益總額 588,951 727,167 EBITDA總額 109,264 151,348 股東應佔溢利 7,273 40,419 每股基本盈利（港仙） 0.24 1.33 每股末期股息（港仙） 0.38 0.39 於十二月三十一日股東應佔股本 961,677 1,052,779 於十二月三十一日現金及 等同現金項目 270,279 302,074 ...

Financial Performance - Total revenue for the six months ended June 30, 2022, decreased by 13.7% to HK$265,585,000 compared to HK$307,623,000 for the corresponding period in 2021[16]. - Net profit for the six months ended June 30, 2022, decreased by 67.1% to HK$12,807,000 compared to HK$38,984,000 for the corresponding period in 2021[16]. - Profit attributable to owners of the Company for the six months ended June 30, 2022, decreased by 48.7% to HK$14,761,000 compared to HK$28,746,000 for the corresponding period in 2021[17]. - Total earnings per share attributable to owners of the Company for the six months ended June 30, 2022, were HK cents 0.49 compared to HK cents 0.95 for the corresponding period in 2021[18]. - The Board resolved not to declare a dividend for the six months ended June 30, 2022[18]. - Average gross profit margin decreased by 31.9% to 20.9% compared to 30.7% in the previous year[57]. - EBITDA for the Group was HK$67,887,000 for the six months ended June 30, 2022, compared to HK$95,133,000 in 2021, reflecting a decrease of about 28.5%[77]. - Profit for the period decreased to HK$12,807,000 for the six months ended 30 June 2022, down from HK$38,984,000 in 2021, representing a decline of approximately 67.1%[77]. Revenue Breakdown - Total segment revenue from environmental treatment and disposal services for industrial and medical wastes was approximately HK$186,823,000, down from HK$235,819,000 in 2021[21]. - For the six months ended June 30, 2022, the Group collected and disposed of approximately 49,614 tonnes of waste, generating segment revenue of approximately HK$186,823,000, a decrease from 56,720 tonnes and HK$235,819,000 in 2021, representing a revenue decline of about 20.8%[22][23]. - Total revenue from environmental plating sewage treatment services was approximately HK$74,453,000 for the six months ended June 30, 2022, an increase from HK$71,804,000 in 2021, with a profit margin of approximately 17.3%[36][39]. Assets and Equity - Equity attributable to owners of the Company was approximately HK$998,101,000 at June 30, 2022, compared to HK$1,052,779,000 at December 31, 2021[17]. - The Group's consolidated total assets decreased to approximately HK$1,679,451,000 as of June 30, 2022, compared to HK$1,784,011,000 as of December 31, 2021, representing a decline of approximately 5.9%[68]. - The Group's total equity decreased to HK$1,120,827,000 as at 30 June 2022, down from HK$1,182,810,000 at the end of 2021, indicating a decline of approximately 5.2%[82]. Cash Flow and Financing - Cash and cash equivalents of the Group were approximately HK$310,380,000 at June 30, 2022, compared to HK$302,074,000 at December 31, 2021[17]. - Total interest-bearing borrowings decreased to HK$183,374,000 as at 30 June 2022, down from HK$200,440,000 at the end of 2021, a reduction of approximately 8.5%[82]. - The Group's available unused unsecured banking facilities increased to HK$26,520,000 as of 30 June 2022, compared to HK$14,640,000 as of 31 December 2021[71]. Operational Challenges - The Group is facing challenges due to a downsizing market for hazardous waste treatment and increasing costs associated with collection and transportation[45]. - The Group has faced significant increases in credit risk due to underperforming accounts receivable from distressed clients amid economic uncertainty and the ongoing impact of COVID-19[123]. Corporate Governance - The Company has complied with all provisions of the Corporate Governance Code throughout the six months ended June 30, 2022, except for code provision C.2.1[142]. - Mr. XI Yu has assumed the roles of both Chairman and CEO, which constitutes a deviation from code provision C.2.1, but the Board believes this structure is in the best interest of the Company at the current stage[143]. - The Company has sufficient internal controls to provide checks and balances on the functions of the Chairman and CEO[143]. Share Options and Employee Incentives - The Share Option Scheme adopted on May 5, 2015, is valid for ten years and aims to enhance the value of the Company and its shares for the benefit of shareholders[148]. - The total number of shares that can be issued upon the exercise of share options is capped at 10% of the total issued shares as of May 5, 2015, which amounts to 295,569,701 shares, approximately 9.74% of the total issued shares as of the report date[157]. - The fair value of share options granted and outstanding during the reporting period was estimated using specific assumptions, although the details of these assumptions were not provided[171]. Legal and Regulatory Matters - The asset preservation related to ongoing legal proceedings is not expected to adversely impact the operations of Zhenjiang New Universe[98]. - As of June 30, 2022, there were no other significant contingent liabilities reported by the Group[99].

Financial Performance - For the year ended December 31, 2021, the Group's revenue decreased by 7.9% to HK$727,167,000 compared to 2020[7] - The net profit for the same period decreased by 48.1% to HK$52,918,000 compared to the previous year[7] - Total EBITDA in 2021 decreased by 27.9% to HK$151,348,000 compared to 2020[7] - Profit attributable to owners of the Company was HK$40,419,000, a decrease of 45.8% from 2020[7] - Basic earnings per share attributable to owners of the Company decreased by 45.9% to HK$1.33[13] - Profit for the year decreased to HK$52,918,000 in 2021 from HK$102,046,000 in 2020, representing a decline of 48.2%[87] - EBITDA for the year was HK$151,348,000, down from HK$209,958,000 in 2020, a decrease of 28.0%[87] - Gross profit for the year was HK$191,665,000, down 12.8% from HK$219,783,000 in the previous year[150] - Operating profit decreased to HK$73,564,000, representing a decline of 42.2% compared to HK$127,242,000 in 2020[150] Revenue Breakdown - Revenue from industrial and medical waste treatment and disposal services was HK$456,400,000[16] - Revenue from environmental equipment construction and installation services was HK$124,496,000[16] - Revenue from environmental treatment and disposal services for industrial and medical wastes was HK$456,400,000, down 24.1% from HK$601,211,000 in 2020[60] - Revenue from environmental industrial sewage treatment and installation services increased by 109.5% to HK$124,496,000 from HK$59,419,000 in 2020[60] - Revenue from environmental plating sewage treatment services in the Eco-plating Specialised Zone reached approximately HK$146,271,000 in 2021, an increase from HK$128,711,000 in 2020, with a profit margin of 16.5% compared to 13.4% in 2020[41] Challenges and Market Conditions - The Group faced challenges due to the continuous impact of COVID-19 and stricter national control on emissions and pollutants[7] - The local market demand for handling hazardous waste has changed, affecting overall performance[7] - The Group's overall performance in 2021 was down-turning compared to 2020[7] - The competition in the hazardous waste treatment market has intensified due to an increase in licensed disposal companies, while the quantity of hazardous waste produced has not increased proportionately, affecting profitability[135] - The Group faced challenges in logistics for hazardous waste collection and transportation due to COVID-19, impacting costs and revenue[49] Financial Position - Equity attributable to owners of the Company as of December 31, 2021, was HK$1,052,779,000[7] - Total bank borrowings of the Group as of December 31, 2021, was HK$198,970,000[7] - Cash and cash equivalents of the Group as of December 31, 2021, was HK$302,074,000[7] - The Group's total assets as of 31 December 2021 amounted to approximately HK$1,784,011,000, compared to HK$1,745,603,000 in 2020, reflecting a stable financial position[79] - Total liabilities increased to HK$601,201,000 in 2021, up from HK$582,266,000 in 2020, representing a growth of 2.6%[162] Dividends and Shareholder Returns - The Board proposed a final dividend of HK$0.0039 per share, representing a payout ratio of approximately 29.3%[9] - The group declared a dividend of HK$11,839,000 for the year, down from HK$21,857,000 in the previous year, reflecting a 45.1% decrease[150] Strategic Initiatives - The Group aims to explore new opportunities in the environmental industry while maintaining healthy indebtedness and liquidity[9] - The company plans to focus on environmental-related business and explore restructuring opportunities to improve sustainable performance[55] - The Group plans to strengthen its marketing functions and contractual relationships with existing clients and intermediary agencies to ensure stable operations during transitional changes in the market[136] - The Group's business strategy includes enhancing market penetration across different geographical areas to reduce dependency on specific markets[139] Human Resources and Management - The Group's employee costs for the year ended December 31, 2021, amounted to HK$108,986,000, up from HK$93,515,000 in 2020, reflecting an increase in full-time employees to 651[121] - The emoluments of senior management members (excluding Directors) in 2021 included 2 individuals earning between HK$500,001 to HK$1,000,000 and 2 individuals earning between HK$1,000,001 to HK$1,500,000[192] - The total number of senior management members (excluding Mr. DAI) remained consistent at 6 in both 2021 and 2020[192] Governance and Directors - Ms. Erica XI was appointed as executive director and a member of the executive committee effective from October 1, 2020[171] - Mr. ZHENG was appointed as executive director on August 20, 2021, and is a member of the executive committee of the Board[171] - Dr. Chan has been an independent non-executive director since February 1, 2000, and serves as the chairman of the audit committee[175] - Directors Zheng, Liu, Chan, Yuen, and Ho will retire by rotation, with Mr. Zheng eligible for re-election at the upcoming annual general meeting[179]

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 150 million, representing a 25% growth compared to the previous period[10]. - Total revenue for the six months ended June 30, 2021, decreased by 15.3% to HK$307,623,000 compared to HK$363,389,000 for the corresponding period in 2020[11]. - Net profit for the six months ended June 30, 2021, decreased by 28.8% to HK$38,984,000 compared to HK$54,762,000 for the corresponding period in 2020[11]. - Profit attributable to owners of the Company for the six months ended June 30, 2021, decreased by 25.1% to HK$28,746,000 compared to HK$38,360,000 for the corresponding period in 2020[11]. - The consolidated net profit for the period was HK$38,984,000, down from HK$54,762,000 in 2020, indicating a decrease of about 29%[69]. - Basic and diluted earnings per share attributable to owners of the company decreased by 25.1% to HK$0.95 from HK$1.26[42]. - Gross profit for the period was HK$94,301,000, down 12.3% from HK$107,496,000 year-on-year[199]. - Operating profit decreased to HK$55,771,000, representing a decline of 10.8% from HK$62,571,000 in the previous year[199]. User Engagement and Market Expansion - User data showed an increase in active users, reaching 1.2 million, which is a 15% increase year-over-year[10]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[10]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% driven by new product launches and market expansion initiatives[10]. Investment and Development - Investment in new technologies and product development increased by 30%, totaling HKD 45 million, to enhance service offerings[10]. - A strategic acquisition of a local competitor was announced, expected to enhance operational capabilities and increase market share by 5%[10]. - The Group's investments in plastic materials dyeing businesses yielded pre-tax profit margins of 4.9%, 1.7%, and 4.2% for its three manufacturing entities, compared to 3.6%, 1.8%, and 8.0% in 2020[33]. Sustainability Initiatives - The company has initiated a new sustainability program, aiming to reduce operational carbon emissions by 25% over the next five years[10]. Financial Position and Cash Flow - Cash flow from operations increased by 50%, reaching HKD 60 million, providing a strong liquidity position for future investments[10]. - Cash and cash equivalents of the Group were approximately HK$315,726,000 at June 30, 2021, compared to HK$257,523,000 at December 31, 2020[11]. - The Group's equity attributable to owners increased to approximately HK$1,068,960,000 as of 30 June 2021, compared to HK$1,034,427,000 at the end of 2020, showing a growth of about 3.4%[61]. - Total consolidated assets rose to approximately HK$1,873,067,000 as of 30 June 2021, up from HK$1,745,603,000 at the end of 2020, representing an increase of approximately 7.3%[61]. Cost Management - The gross profit margin improved to 40%, up from 35% in the previous period, indicating better cost management and pricing strategies[10]. - Average gross profit margin increased to 30.7% from 29.6%, reflecting improved cost management[42]. - Distribution costs rose by 43.1% to HK$8,823,000, primarily due to increased transportation costs and incentive charges[42]. - Administrative expenses increased by 26.3% to HK$30,517,000, mainly due to costs associated with preventive measures against the coronavirus pandemic[44]. Challenges and Market Conditions - The Group anticipates continued challenges in the hazardous waste market due to post-pandemic adjustments and must adapt to lower unit prices for hazardous waste collection[33]. - The Group shared a net profit of HK$3,788,000 from Zhenjiang Xin Qu and a net loss of HK$7,926,000 from NCIP for the six months ended June 30, 2021[14]. Corporate Governance - The Company is committed to maintaining high standards of business ethics and good corporate governance practices[108]. - The Company has complied with all provisions of the Corporate Governance Code throughout the six months ended 30 June 2021, with the exception of code provision A.2.1, where the roles of Chairman and CEO are held by the same individual, Mr. XI Yu[114]. - The Board believes that having the same person serve as both Chairman and CEO facilitates the execution of business strategies and maximizes operational effectiveness[114]. Shareholder Information - As of June 30, 2021, Mr. XI Yu holds 1,109,303,201 shares, representing approximately 36.54% of the total issued shares of the Company[140]. - China Minsheng Investment Group Corporation Ltd holds 800,000,000 shares, which is approximately 26.35% of the total issued shares[151]. - The total number of Shares that may be issued upon exercise of all options under the Share Option Scheme is limited to 10% of the total issued Shares as of May 5, 2015, which amounts to 295,569,701 Shares, representing approximately 9.74% of the total issued Shares at the date of the report[121].