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].

Financial Performance - For the year ended December 31, 2020, the Group's revenue increased by 32.5% to HK$789,341,000 compared to the previous year[14]. - The net profit for the same period rose by 43.5% to HK$102,046,000, with profit attributable to owners of the Company increasing by 83.6% to HK$74,576,000[17]. - Total earnings per share attributable to the owners of the Company was HK$0.0246, an increase of 83.6% from 2019[17]. - Consolidated EBITDA in 2020 increased by 21.3% compared to 2019[14]. - The Group's revenue increased by 32.5% to HK$789,341,000 for the year ended December 31, 2020[29]. - Profit attributable to owners of the Company rose by 83.6% to HK$74,576,000, with earnings per share increasing to HK$0.0246[21][30]. - The Group's EBITDA grew by 21.3% to HK$209,958,000[29]. - Net profit for the year attributable to owners of the Company increased by 43.5% to HK$102,046,000 compared to HK$71,129,000 in 2019[79]. - Basic and diluted earnings per share attributable to owners of the Company rose by 83.6% to 2.46 HK cents from 1.34 HK cents[79]. - The average gross profit margin decreased by 18.0% to 27.8% from 33.9% in 2019[79]. Cash and Equity - As of December 31, 2020, equity attributable to owners of the Company was HK$1,034,427,000, up from HK$911,528,000 in 2019[18]. - Cash and cash equivalents as of December 31, 2020, were HK$257,523,000, slightly down from HK$267,393,000 in 2019[18]. - The Group's total assets as of December 31, 2020, amounted to approximately HK$1,745,603,000, an increase from HK$1,618,570,000 in 2019[111]. - The total equity (including non-controlling interests) increased to HK$1,163,337,000 in 2020 from HK$1,028,316,000 in 2019, indicating growth in shareholder value[127]. - The Group's equity attributable to owners increased to approximately HK$1,034,427,000 as of December 31, 2020, from HK$911,528,000 in 2019[111]. Debt and Borrowings - Total bank borrowings decreased to HK$189,035,000 from HK$240,409,000 in 2019[18]. - Total interest-bearing borrowings decreased to HK$214,182,000 in 2020 from HK$290,799,000 in 2019, representing a reduction of approximately 26%[127]. - The gearing ratio improved to 18.4% in 2020 compared to 28.3% in 2019, indicating a stronger capital structure[127]. - The Group provided a joint liability guarantee for a bank loan facility of up to RMB120,000,000 (approximately HK$141,600,000) for the construction of integrated hazardous waste treatment facilities[72]. Operational Highlights - The Group's operations in Mainland China were impacted by COVID-19 in the first quarter, but recovered quickly in the second quarter, leading to overall performance surpassing 2019 levels[13]. - The average level of the Group's operations in 2020 was well-recovered, indicating resilience against the pandemic's challenges[13]. - The demand for hazardous waste disposal services returned to normal in the second half of 2020 after temporary shutdowns due to COVID-19 control measures[104]. - The Group aims to maintain healthy indebtedness and liquidity while exploring new opportunities in the environmental industry[24]. - The Group anticipates sustainable operations in its environmental-related business in the long run, barring any uncertain economic factors[26]. Environmental Services - For the year ended December 31, 2020, the Group's total segment revenue from environmental treatment and disposal services for industrial and medical wastes was approximately HK$601,211,000, an increase of 31.4% from HK$457,450,000 in 2019[37]. - The Group collected approximately 100,335 metric tons of hazardous industrial waste in 2020, up from 73,518 metric tons in 2019, representing an increase of 36.3%[37]. - The revenue from the treatment of hazardous industrial waste was HK$555,701,000 in 2020, compared to HK$418,664,000 in 2019, reflecting a growth of 32.8%[37]. - The segment profit margin (pre-tax) for the environmental treatment of industrial and medical waste services was approximately 21.3% in 2020, slightly down from 21.6% in 2019[44]. - Revenue from regulated medical waste treatment was HK$42,170,000 in 2020, up from HK$31,118,000 in 2019, marking a growth of 35.5%[37]. Management and Governance - Mr. XI was appointed as the executive director and chairman of the board in 2016, and he holds 83.66% of New Universe Enterprises Limited (NUEL), which has a 36.54% beneficial interest in the company[191]. - Ms. Zhang, appointed as executive director in February 2019, has a background in law and currently serves as senior legal counsel at CMIG Asia Asset Management[194]. - Mr. Han has been appointed as the Chief Financial Officer since September 6, 2004, and has extensive qualifications in accounting and finance[200]. - Mr. Han's educational background includes a Master's degree in Applied Finance from the University of Western Sydney, obtained in August 1999[200]. - The Group is committed to continuous monitoring of its risk management and internal control systems[172]. Future Outlook - The Group expects to sustain its performance and deliver reasonable results in the forthcoming year, barring unforeseen risks from the global and local economies[73]. - The Group aims to strengthen its penetration in different geographical markets to reduce dependency on specific markets for hazardous waste treatment services[170]. - The Group is focused on enhancing the efficiency of existing facilities and project management levels[171].

Financial Performance - For the six months ended June 30, 2020, total revenue increased by 40.8% to HKD 363,389,000 from HKD 258,041,000 in the same period of 2019[22] - Net profit for the same period rose by 280.3% to HKD 54,762,000 compared to HKD 14,399,000 in 2019[22] - Profit attributable to owners of the company surged by 2,554.7% to HKD 38,360,000 from HKD 1,445,000 in the previous year[22] - The earnings per share for the six months ended June 30, 2020, was HKD 1.26, up from HKD 0.05 in 2019[22] - Total revenue for the six months ended June 30, 2020, was HKD 363,389,000, representing a 40.8% increase from HKD 258,041,000 in the same period of 2019[43] - The profit for the six months ended June 30, 2020, was HKD 54,762,000, a significant increase from HKD 14,399,000 in the same period of 2019, representing a growth of 280%[158] - Total comprehensive income for the period was HKD 41,826,000, compared to HKD 17,270,000 in 2019, marking an increase of 142.5%[162] Revenue Sources - Revenue from industrial and medical waste treatment services was approximately HKD 305,862,000, compared to HKD 205,907,000 in 2019[24] - The revenue from environmental industrial wastewater and sludge treatment services for the six months ended June 30, 2020, was approximately HKD 57,527,000, an increase of 13.3% compared to HKD 50,833,000 in 2019[31] - Revenue from hazardous waste incineration and landfill projects reached HKD 305,862,000, up from HKD 205,907,000 in the previous year, representing a 48.4% increase[188] - The revenue from industrial wastewater treatment and related management services was HKD 45,396,000, an increase from HKD 40,896,000, marking a growth of 3.7%[188] Operational Efficiency - The group processed approximately 46,314 tons of hazardous industrial waste, an increase from 28,460 tons in 2019[24] - The average utilization rate of industrial buildings and facilities increased to 87.4% in 2020 from 83.2% in 2019, indicating improved operational efficiency[33] - The concentrated wastewater treatment plant processed 206,974 tons of electroplating wastewater during the reporting period, a decrease of 9.4% from 228,531 tons in 2019[33] - The company aims to enhance its operational efficiency through the development of new technologies in waste treatment processes[189] Financial Position - The group’s cash and cash equivalents as of June 30, 2020, were approximately HKD 240,353,000, down from HKD 267,393,000 at the end of 2019[22] - The current ratio as of June 30, 2020, was 0.9, an improvement from 0.8 as of December 31, 2019[64] - The debt-to-equity ratio was 24.5% as of June 30, 2020, down from 28.3% at the end of 2019, indicating improved capital management[64] - The company’s total liabilities decreased to HKD 574,887,000 from HKD 590,254,000, indicating a reduction of 2.6%[165] Investments and Capital Expenditure - Capital expenditure for hazardous waste treatment and disposal services was approximately HKD 15,345,000, a decrease from HKD 48,566,000 in 2019[55] - Investment in non-current segment assets for the reporting period was HKD 26,893,000[192] - The group had capital commitments of HKD 37,322,000 for property, plant, and equipment as of June 30, 2020, down from HKD 57,188,000 in 2019[56] Shareholder Information - Major shareholder Mr. Xi holds 1,109,303,201 shares, representing approximately 36.54% of the total issued shares[119] - China Minsheng Investment Co., Ltd. holds 800,000,000 shares, accounting for 26.35% of the total issued shares[125] - The company has a total of 1,109,303,201 shares held by New Universe Enterprises Limited, which is beneficially owned by Mr. Xi[121] Corporate Governance - The company has adhered to all provisions of the corporate governance code during the reporting period, except for a deviation regarding the roles of the chairman and CEO[89] - The board of directors will continue to review the appropriateness of separating the roles of chairman and CEO in the future[92] - The company has confirmed that all directors complied with the standard code of conduct for securities trading during the reporting period[93] Risk Management - The company anticipates achieving appropriate performance for the year unless unforeseen risks arise from the global and local economy or ongoing uncertainties due to the COVID-19 pandemic[40] - The group’s operations in Jiangsu Province were not significantly affected by the COVID-19 pandemic, and there are no major uncertainties regarding the group's ability to continue operations in the next twelve months[81] Other Financial Metrics - The average gross profit margin decreased to 29.6%, down from 34.1% in the previous year, reflecting increased outsourcing landfill costs[43][46] - EBITDA for the six months ended June 30, 2020, rose to HKD 104,382,000, marking a 62.1% increase from HKD 64,390,000 in the previous year[43][52] - The company reported a foreign exchange loss of approximately HKD 16,106,000 due to the depreciation of the Renminbi against the Hong Kong dollar during the reporting period[77]