Core Insights - The mechanical industry in China has shown a year-on-year growth of 9.0% in value added for large-scale enterprises in the first half of the year, with expectations for a stable and positive trend continuing into the second half, projecting an annual growth rate of around 5.5% [1] - The industry is focusing on high-end, intelligent, and green transformation, as highlighted by the recent implementation plan for digital transformation from 2025 to 2030, aiming for high-quality development [1] - Leading companies in the mechanical industry are driving digital transformation and upgrading the supply chain, with significant advancements in automation and efficiency reported [2] Industry Trends - The implementation plan encourages leading enterprises to collaborate with upstream and downstream partners to develop coordinated technological transformation plans, aligning with the current trend of chain transformation in the engineering machinery sector [2] - Major companies like Zoomlion and SANY have reported impressive automation rates and efficiency improvements in their smart factories, with Zoomlion achieving over 85% automation and significant enhancements in production metrics [2] - The industry is witnessing a shift towards AI technologies becoming central to decision-making, predictive maintenance services, and accelerated international expansion, marking a new phase of "digital intelligence integration" [3] Technological Advancements - Companies are developing proprietary AI tools to enhance operational efficiency, such as LiuGong's AI assistant "Wen Xiaoqi," which automates document processing and contract management, showing increased daily active usage [3] - The integration of AI and IoT technologies is enabling companies to support complex scenarios in smart manufacturing and vehicle networking, enhancing overall operational capabilities [2][3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 世紀陽光集團控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00509 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 250,000,000 | HKD | | 0.8 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 250,000,000 | HKD | | 0.8 | HKD | | 2 ...

Group 1: Engineering Machinery - The engineering machinery industry is experiencing a cyclical recovery, with domestic demand showing signs of improvement and export growth driven by emerging markets such as Southeast Asia, Africa, and the Middle East [4][6] - Domestic engineering machinery demand is expected to continue its upward trend, supported by a peak in equipment replacement and increased investment in infrastructure projects, with local government bond issuance rising by 84% year-on-year in the first four months of 2025 [6] - The export value of engineering machinery reached USD 5.152 billion in April 2025, marking a year-on-year increase of 12.7%, with total exports from January to April amounting to USD 18.07 billion, up 9.01% year-on-year [6][8] Group 2: Semiconductor Equipment - The domestic semiconductor equipment industry is poised for expansion, with significant capital expenditure expected for 300mm wafer fabs in China, projected to exceed USD 100 billion from 2025 to 2027 [10][13] - The trend towards self-sufficiency in semiconductor equipment is accelerating, with low domestic localization rates in critical equipment categories, indicating substantial room for import substitution [11][13] - Investment opportunities are highlighted in companies such as Zhongwei Company, Northern Huachuang, and Quick Intelligent [13][25] Group 3: Industrial Mother Machines - The machine tool industry is on an upward cycle due to ongoing domestic substitution and increasing demand for high-end machine tools, with government policies supporting tax incentives and talent development [14][16] - Short-term performance improvements are anticipated as the industry enters a renewal phase [16] Group 4: Traditional Energy Equipment - The traditional energy equipment sector is benefiting from low oil inventories in the U.S. and the upcoming peak consumption season, which is expected to support rising oil prices [17][19] - Geopolitical factors, including U.S.-Iran negotiations and the Russia-Ukraine conflict, are influencing market dynamics [19] - Companies such as Nuwei Co., Xizhuang Co., and Jerry Co. are recommended for investment [19][25] Group 5: New Energy Equipment - The controlled nuclear fusion sector is witnessing increased capital expenditure and technological advancements, with a growing number of startups and active financing in the past five years [20][24] - Significant progress in nuclear fusion technology has been made, with multiple records achieved in plasma operation [24] - Investment opportunities include companies like Hezhuan Intelligent, Xizhuang Co., and Jingda Co. [24][25]

Core Viewpoint - The 4th Changsha International Construction Machinery Exhibition showcases the industry's transformation towards high-end, intelligent, and green technologies, featuring over 1,800 companies from more than 60 countries, including 35 of the world's top 50 construction machinery firms [1][3]. Group 1: Exhibition Highlights - The exhibition theme focuses on high-end, intelligent, and green construction machinery, emergency equipment, mining machinery, agricultural machinery, and transportation equipment [1]. - The event attracted 1,806 exhibitors, including major players like SANY Heavy Industry, Zoomlion, and CRRC, with a total industrial output value exceeding 200 billion yuan [1][2]. - The exhibition area covered 300,000 square meters with over 20,000 exhibits across 23 categories, and more than 5,000 international buyers participated [3][4]. Group 2: Technological Innovations - Over 30 new products and more than 1,500 new technologies were launched at the exhibition, with over 60% of exhibits featuring advanced technologies such as AI, remote control, and unmanned operations [4]. - SANY showcased the world's first fully electric unmanned excavator, demonstrating a 40% efficiency improvement over traditional models [6]. - Key components like the 8.61-meter diameter shield machine bearing from CRRC were highlighted, showcasing advancements in critical machinery technology [2][3]. Group 3: Industry Collaboration and Development - A procurement signing event resulted in over 13 billion yuan in agreements among more than 100 companies in the construction machinery supply chain [7]. - The "Five Provinces" cooperation agreement aims to enhance regional collaboration in research, industry chain integration, and market sharing [7]. - Hunan and Hainan provinces announced standards for the evaluation of used construction machinery for export, aiming to establish a global recycling and remanufacturing base [7].

Financial Performance - The Group's overall revenue for the year ended December 31, 2023, was approximately HK$315,582,000, a decrease of approximately 40.6% compared to HK$531,605,000 in 2022[48]. - The loss after tax amounted to approximately HK$475,136,000, reflecting a decrease of approximately 55.0% from a loss of HK$1,055,367,000 in the previous year[48]. - Revenue from the fertiliser business was approximately HK$52,061,000, down approximately 63.3% from HK$141,858,000 in 2022[48]. - The magnesium product business generated revenue of approximately HK$263,491,000, a decrease of approximately 31.4% from HK$383,899,000 in 2022[52]. - The gross loss margin for the Group was recorded at 25.5%, compared to a gross profit margin of 12.3% in 2022[48]. - The average selling price of fertiliser decreased by 8.5% to HK$3,290 per tonne, while the average selling price of magnesium products decreased by 38.3% to HK$21,337 per tonne[68]. - The sales volume of fertiliser from production decreased by 61.2% to 13,815 tonnes, and from brand licensing decreased by 64.3% to 37,812 tonnes[66]. - The Group recognized a gain on debt restructuring of approximately HK$649,045,000 in 2023, compared to HK$140,076,000 in 2022[87]. - The Group's after-tax loss for the year was approximately HK$475,136,000, a year-on-year decrease of about 55.0% from HK$1,055,367,000 in 2022[100]. - Adjusted after-tax loss from operations was approximately HK$511,295,000, reflecting a 9.4% increase from HK$467,504,000 in 2022, primarily due to significant losses in the magnesium product business[101]. Debt Restructuring - The offshore debt restructuring plan was approved by creditors on June 15, 2023, and became effective on August 31, 2023, with the Cayman Court dismissing the provisional liquidation on October 24, 2023[33][34]. - The domestic subsidiaries are still undergoing debt restructuring, which is complicated by working capital shortages and ongoing litigation, hindering normal operations[36]. - The Group is currently facing challenges in obtaining new financing due to the impact of offshore debt restructuring, intensifying pressure on working capital[49]. - The ongoing debt restructuring of domestic subsidiaries is complicated by a shortage of working capital and litigation issues, affecting normal business operations[58]. - The Company is currently undergoing debt restructuring, making it challenging to find a suitable candidate for the CEO position[198]. Market Conditions - In 2023, the capacity utilization rate of China's compound fertilizer market was only 40%, indicating weak demand and overcapacity in the industry[23]. - The annual output of compound fertilizers in 2023 was approximately 6.6 million tons, reflecting a decline in production due to market conditions[27]. - The fertiliser business is facing significant challenges due to an overall industry downturn, pandemic impacts, and financial shortages from debt restructuring[32]. - The international political and economic environment has been complex, contributing to unstable energy and fertilizer prices[26]. - Many compound fertilizer enterprises in major provinces such as Shandong and Jiangsu have withdrawn their production capacity due to unfavorable market conditions[26]. - The company anticipates potential global economic weakening in the coming year, which may lead to moderate commodity price fluctuations[40]. Operational Challenges - The magnesium product business is under pressure as magnesium prices have reached a three-year low, impacting profit margins[39]. - The local government in Xinjiang has mandated upgrades for magnesium production facilities, requiring significant capital investment, which adds to the financial burden[39]. - The Group plans to restructure internal capital and debt and seek potential investors to participate in fundraising plans to improve operational management[103]. - Management plans to address operational difficulties and broaden financing channels in 2024, while also focusing on talent acquisition for sustainable development[61]. Corporate Governance - The company is committed to achieving and maintaining high standards of corporate governance and business integrity[174]. - The Board believes that good corporate governance will enhance management accountability and investor confidence, laying a solid foundation for long-term development[174]. - Throughout 2023, the company complied with the Corporate Governance Code except for certain deviations explained in the report[176]. - The roles of chairman and CEO are not separated under the current corporate structure, which is a deviation from the code provision A.2.1[176]. - The company has a dedicated board responsible for strategic leadership and comprehensive oversight of the group[177]. - The board is tasked with reviewing and monitoring the company's corporate governance policies and practices[177]. - The board also oversees compliance with legal and regulatory requirements[177]. - The Board consists of 5 Directors, with 2 being executive Directors and 3 independent non-executive Directors, ensuring independent Directors constitute more than one-third of the Board[188]. - The Board has established safeguards to ensure management accountability, with regular meetings and timely information provided to Board members[198]. Talent Development - Talent development is a priority, with efforts to attract skilled personnel to strengthen the company's foundation for future growth[42]. - The Group is focused on optimizing its remuneration system to attract and retain key personnel amid competitive talent demands[151]. - The Group employed 572 staff as of December 31, 2023, down from 674 in 2022[156]. - Employee benefits include medical insurance, provident fund scheme, discretionary bonuses, and employee share option scheme[156]. Environmental and Sustainability Initiatives - The Group is committed to improving long-term sustainability and has adopted green initiatives such as resource recycling and energy-saving measures[152]. - The Group's management continuously monitors market risks, including fluctuations in demand, product prices, and foreign exchange rates[138]. - The Group does not currently hedge foreign exchange risks but periodically reviews its exposure to evaluate potential hedging strategies[139]. - The Group monitors environmental policy changes closely to ensure compliance and mitigate risks associated with new regulations[150]. Financial Position - The Group's total borrowings as of December 31, 2023, were approximately HK$1,705,534,000, a decrease of about 13.1% from HK$1,963,590,000 in 2022[111]. - The gearing ratio for the Group was approximately 52.9% in 2023, compared to 45.0% in 2022[111]. - The Group's bank and cash balances as of December 31, 2023, were approximately HK$61,306,000, down from HK$86,369,000 in 2022[110]. - An allowance for expected credit losses on trade receivables was made for approximately HK$11,611,000, significantly lower than HK$235,418,000 in 2022, due to delays in receivables collection caused by the ongoing COVID-19 epidemic[96]. Investment and Development Activities - The expenditures incurred in development activities for 2023 were mainly related to the capital expenditure for the mine's production safety monitoring and alert system, which has been capitalized[135]. - The expenditures incurred in mining activities for serpentine in 2023 were approximately HK$7,299,000, while development activities incurred approximately HK$14,949,000[136]. - The Group's dolomite mine is located in Baishan City, Jilin Province, and has low transportation costs due to its proximity to the production base[121]. - The Group's serpentine mine, located in Donghai County, Jiangsu Province, also has low transportation costs due to its proximity to the production base[128].

Financial Performance - The company reported a loss per share of HK$5.17 cents for the year ended December 31, 2023, with a diluted loss per share of HK$7.46 cents[20]. - The Group's overall revenue for the year ended December 31, 2023, was approximately HK$315,582,000, a decrease of approximately 40.6% compared to HK$531,605,000 in 2022[49]. - The loss after tax amounted to approximately HK$475,136,000, reflecting a decrease of approximately 55.0% from a loss of approximately HK$1,055,367,000 in the previous year[49]. - Revenue from the fertilizer business was approximately HK$52,061,000, down approximately 63.3% from HK$141,858,000 in 2022[49]. - The magnesium product business generated revenue of approximately HK$263,491,000, a decrease of approximately 31.4% from HK$383,899,000 in 2022[54]. - The overall gross loss margin recorded was 25.5%, compared to a gross profit margin of 12.3% in 2022[49]. - The average selling price of magnesium products dropped significantly from approximately HK$34,592 per tonne in 2022 to approximately HK$21,337 per tonne in 2023[77][82]. - The Group recognized a gain on debt restructuring of approximately HK$649,045,000 in 2023, compared to HK$140,076,000 in 2022[85][88]. Market Conditions - The utilization rate of compound fertilizer production capacity in China was only 40% in 2023, indicating a significant oversupply and weak demand in the market[23]. - The compound fertilizer market in China has seen many companies exit due to unstable prices and cautious purchasing behavior from customers[23]. - The overall economic outlook for the next year suggests potential risks of weakening global economic conditions, which may affect commodity prices[41]. - The Group is facing challenges due to significant fluctuations in raw material prices, impacting working capital and production capacity[51]. Debt and Financial Management - The offshore debt restructuring plan was approved by creditors on June 15, 2023, and became effective on August 31, 2023, alleviating some financial pressures[30][34]. - Despite the successful completion of offshore debt restructuring, the domestic subsidiaries are still facing challenges due to ongoing debt restructuring and a shortage of working capital[35][37]. - The management plans to actively address operational difficulties and broaden financing channels to meet the Group's financing needs in 2024[62]. - The Group's debt restructuring was successfully implemented on August 31, 2023, after being approved by the requisite statutory majorities of scheme creditors[57]. - Management is actively seeking various financing options, including venture capital and equity financing, to address funding needs[40]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, which is essential for long-term development[175]. - The roles of chairman and CEO are not separated under the current corporate structure, which deviates from the corporate governance code[177]. - The Group's board is responsible for strategic leadership and comprehensive oversight, ensuring compliance with governance policies[178]. - The Board consists of 5 Directors, with 2 being executive Directors and 3 independent non-executive Directors, ensuring independent Directors constitute more than one-third of the Board[189]. - The Company has arranged appropriate insurance cover for legal actions against Directors[194]. - The Board has established sufficient safeguards to ensure management accountability, with regular meetings and timely information provided to Board members[199]. Operational Challenges - The management emphasizes the importance of talent development to maintain competitiveness in a challenging market environment[41]. - The Group employed 572 staff as of December 31, 2023, down from 674 in 2022[157]. - The Group's mining activities are primarily located in Jilin and Jiangsu provinces, with low transportation costs due to proximity to production bases[122][126]. - The Group's serpentine mine had no output for the year ended December 31, 2023, with no material change in resource estimate and ore reserve compared to December 31, 2022[130]. Sustainability and Community Engagement - The Group is committed to improving and maintaining the long-term sustainability of the communities in which it operates[153]. - The Group has adopted green initiatives including resource recycling, energy-saving measures, and water-saving practices in its daily operations[153]. - The Group monitors the impact of environmental policy changes on its business development closely[151].

Financial Performance - For the six months ended June 30, 2023, the Group's overall revenue was approximately HK$122,351,000, a decrease of approximately 64.0% compared to HK$340,275,000 in 2022[15]. - The revenue from the fertiliser business was HK$19,316,000, down 80.2% from HK$97,778,000 in the previous year[10]. - The magnesium product business generated revenue of HK$103,004,000, a decrease of 56.9% from HK$238,936,000 in 2022[10]. - The metallurgical flux business reported revenue of HK$31,000, a significant drop of 99.1% from HK$3,561,000 in the prior year[10]. - The Group recorded a revenue of approximately HK$122,351,000 for the six months ended June 30, 2023, a decrease of approximately 64.0% compared to HK$340,275,000 in 2022[37]. - Revenue from the fertiliser business was approximately HK$19,316,000, representing a decrease of approximately 80.2% period-on-period, with sales volume dropping to 4,217 tonnes, down 82.5% from 24,061 tonnes in 2022[38]. - The magnesium product business generated revenue of approximately HK$103,004,000, a decrease of approximately 56.9% from HK$238,936,000 in 2022, with total sales falling to 4,745 tonnes from 5,603 tonnes[43]. - The metallurgical flux business generated revenue of HK$31,000, significantly lower than HK$3,561,000 in the prior period[142]. Loss and Profitability - The overall gross loss margin for the period was approximately 27.8%, compared to a gross profit margin of approximately 19.2% in 2022[15]. - The net loss after tax for the period was approximately HK$274,414,000, an improvement from a net loss of approximately HK$438,033,000 in 2022[15]. - Loss attributable to owners of the Company was HK$225,218,000, a decrease of 39.8% from HK$374,100,000 in the previous year[10]. - Basic loss per share improved to HK(4.92) cents from HK(8.17) cents in 2022, reflecting a 39.8% reduction in loss per share[10]. - The Group's after-tax loss for the period was approximately HK$274,414,000, a decrease of approximately 37.4% compared to HK$438,033,000 in 2022[55]. - Excluding non-operating items, the adjusted after-tax loss from operations was approximately HK$285,687,000, an increase of 45.0% from HK$197,074,000 in 2022, primarily due to decreased revenue and gross profits[57]. - The Group reported a loss before income tax of HK$274,729,000 for the six months ended June 30, 2023, compared to a loss of HK$428,053,000 for the same period in 2022[146]. - For the six months ended June 30, 2023, the loss attributable to ordinary equity holders was HK$225,218,000, a decrease of 39.8% compared to HK$374,100,000 for the same period in 2022[166]. Assets and Liabilities - Total assets as of June 30, 2023, were HK$4,007,924,000, down 8.1% from HK$4,361,021,000 in 2022[10]. - Net assets decreased by 32.1% to HK$803,533,000 from HK$1,182,813,000 in the previous year[10]. - The Group's total borrowings as of June 30, 2023, were approximately HK$1,938,804,000, a decrease of approximately 1.3% from HK$1,963,590,000 as of December 31, 2022[62]. - The gearing ratio increased to approximately 48.4% as of June 30, 2023, compared to approximately 45.0% as of December 31, 2022[62]. - The Group's current and non-current borrowings amounted to approximately HK$1,716,279,000 and HK$214,301,000, while bank and cash balances were only approximately HK$74,485,000[128]. - Total liabilities increased from HK$2,716,547,000 as of December 31, 2022, to HK$2,744,679,000 as of June 30, 2023, indicating a rise of approximately 1.04%[93]. - The company's reserves dropped from HK$1,287,154,000 as of December 31, 2022, to HK$994,472,000 as of June 30, 2023, reflecting a decrease of approximately 22.79%[96]. - Trade and bills receivables decreased from HK$55,606,000 as of December 31, 2022, to HK$33,560,000 as of June 30, 2023, a decline of about 39.66%[93]. Operational Challenges and Restructuring - The Group is completing a three-year offshore debt restructuring process, with expectations to finalize it within the fourth quarter of 2023, following approvals from relevant courts[21]. - The Group's management is actively negotiating with creditors to address the operational pressures faced by its subsidiaries in mainland China due to ongoing bank loan litigations[21]. - The Group's offshore debt restructuring has led to legal actions from banks, including litigation and asset seizures, with liabilities owed to banks and creditors totaling approximately HK$703,345,000[128]. - The Company is actively exploring debt restructuring options, including equity restructuring to raise cash from third-party investors[132]. - A proposed restructuring plan has been developed, which may involve refinancing and/or a compromise of the Group's debts and liabilities[132]. - The Hong Kong Court sanctioned the restructuring schemes on July 26, 2023, and the Singapore Court approved the pre-pack scheme on July 31, 2023[135]. - Material uncertainty regarding the Group's ability to continue as a going concern remains, pending court approvals for the restructuring plan[137]. Cost Management and Expenditures - Selling and marketing expenses decreased to approximately HK$2,241,000, down from HK$4,598,000 in 2022, primarily due to reduced sales volume[45]. - Administrative expenses were approximately HK$145,220,000, a decrease of approximately 39.5% from HK$240,182,000 in 2022[46]. - Financial expenses decreased to approximately HK$93,832,000, down 7.9% from HK$101,919,000 in 2022, due to the resolution of offshore debt-related interest[47]. - The Group's depreciation and amortization expenses for the six months ended June 30, 2023, were HK$127,577,000, down from HK$145,817,000 in 2022, indicating a decrease of 12.5%[162]. - The Group plans to implement further cost control measures to reduce overall operating costs[131]. Market Conditions and Future Outlook - The magnesium industry is facing a sluggish atmosphere, but the trend of "magnesium replacing aluminium" and the focus on "lightweight" and "energy-saving" applications are expected to improve market prospects[24]. - The current raw material prices have adjusted to levels prior to the significant increase in 2020, which may boost customer confidence in stocking up[25]. - The Group aims to enhance crop productivity and soil fertility as part of its long-term mission, hoping for increased customer purchasing enthusiasm to drive performance[25]. Corporate Governance and Reporting - The financial statements were approved for publication by the board on August 31, 2023, ensuring timely reporting to stakeholders[101]. - The unaudited condensed consolidated interim financial statements for the six months ended June 30, 2023, were approved for issue by the Board on August 31, 2023[106]. - The Company will make further announcements regarding any significant developments in a timely manner[123]. - The Company was incorporated in the Cayman Islands and its shares have been listed on the Main Board of the Stock Exchange since August 1, 2008[105].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，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告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。 （臨時清盤中） （僅作重組用途） （於開曼群島註冊成立之有限公司） （股份代號：509） 截至2023年6月30日止六個月中期業績公告 世紀陽光集團控股有限公司（「本公司」）之董事會（「董事會」）宣佈本公司及其附屬公司 截至2023年6月30日止六個月期間的未經審核簡明綜合業績。本公告列載本公司2023年 中期報告全文，並符合香港聯合交易所有限公司（「聯交所」）證券上市規則內有關中期 業績初步公告須附載資料的要求。本公司2023年中期報告的印刷版本將於2023年9月8 日寄發予本公司股東，並可於其時在聯交所的網站www.hkexnews.hk及本公司的網站 www.centurysunshine.com.hk閱覽。 承董事會命 世紀陽光集團控股有限公司 （臨時清盤中） ...

Financial Performance - The company's market capitalization as of December 31, 2022, was HK$68,716,752[11] - The basic and diluted loss per share for 2022 was HK$21.98 cents[11] - The Group recorded an overall revenue of approximately HK$531,605,000 for the year ended December 31, 2022, representing a year-on-year decrease of approximately 60.1% compared to HK$1,331,858,000 in 2021[38] - The loss after tax for the year was approximately HK$1,055,367,000, a decrease of approximately 15.8% from a loss of approximately HK$1,254,102,000 in the previous year[41] - Revenue from the fertiliser business was approximately HK$141,858,000, reflecting a year-on-year decrease of approximately 84.3% from HK$904,013,000 in 2021[41] - Revenue from the magnesium product business was approximately HK$383,899,000, a year-on-year decrease of approximately 7.7% from HK$416,060,000 in 2021[49] - The average gross profit margin for the fertiliser business improved to 12.3% from 9.9% in 2021[41] - The average gross profit margin for the magnesium product business decreased to approximately 12.1% from 16.5% in 2021[49] Market Conditions - The average industry capacity utilization rate in 2022 was only around 38% due to severe market fluctuations and cost pressures[15] - The fertilizer market experienced significant volatility, with prices rising sharply in the first half of 2022 and then declining rapidly in the second half[14] - Geopolitical tensions and energy crises have significantly impacted fertiliser production and market dynamics, leading to cautious purchasing behavior among downstream users[18] - The overall trend in the fertiliser market has shifted to a new normal with no distinct off-season or peak season, complicating sales strategies[18] Production and Costs - The production cost of fertilizers was heavily influenced by raw material prices, which accounted for approximately 70% of the total cost[15] - The Group faced significant production cost increases due to the Russia-Ukraine War and strict COVID-19 measures, impacting overall production and sales[42] - The sales volume of fertilisers decreased by approximately 89.1% YoY to 35,572 tonnes from 326,887 tonnes in 2021[69] - The average selling price of fertilisers increased by 29.9% YoY to HK$3,594 per tonne from HK$2,766 per tonne in 2021[63] Debt Restructuring - The Group is actively working on a debt restructuring plan, with a formal creditors' meeting expected in Q2 2023[32] - The Group's offshore debt restructuring is in the final drafting stage, with an application to the High Court of Hong Kong expected in the second quarter of 2023[35] - The restructuring work has become complex due to a large number of creditors, including overseas investors, requiring necessary majorities and court approvals for implementation[125] - The total claims of the creditors under the proposed scheme amount to HKD 763,285,097, which has been approved by the High Court of Hong Kong[130] Operational Strategies - The Group adopted a brand licensing business model to expand revenue channels and mitigate risks from volatile market conditions[27] - The Group adopted brand licensing as a transitional strategy to maintain market share and generate additional revenue amid severe market fluctuations[41] - The management plans to closely monitor market conditions and adjust operational models to respond to price fluctuations and control costs[43] - The Group is taking measures to improve operational management, including restructuring internal capital and debt, and seeking potential investors for fundraising plans[101] Employee and Environmental Initiatives - The Group employs 674 staff as of December 31, 2022, down from approximately 1,150 in 2021[200] - The Group has implemented green initiatives including resource recycling and energy-saving measures in daily operations[198] - The Group is committed to enhancing employee training and broadening recruitment channels to retain key personnel[197] Risk Management - The Group's financial condition and business prospects may be affected by various risks, including market risks related to demand, product prices, and foreign exchange rates[180] - The Group does not currently hedge foreign exchange risks but periodically reviews its exposure to evaluate potential hedging[186] - The Group regularly assesses operational risks and implements measures to improve internal controls[193]

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的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不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 的任何損失承擔任何責任。 （臨時清盤中） （僅作重組用途） （於開曼群島註冊成立之有限公司） （股份代號：509） 2022年年度業績公告 本公司董事會（「董事會」）欣然公佈本公司及其附屬公司截至2022年12月31日止十二個 月期間的經審核業績。本公佈載有本公司2022年年度報告全文，乃按香港聯合交易所 有限公司證券上市規則中有關初步年度業績公佈的相關規定而編製。本公司2022年年 度報告的印刷版本將於2023年4月28日寄發予本公司股東，並可於香港交易及結算所有 限公司網站http://www.hkex.com.hk及本公司網站http://www.centurysunshine.com.hk閱 覽。 承董事會命 世紀陽光集團控股有限公司 （臨時清盤中） （僅作重組用途） ...