于2025年上半年，集团总收入同比下降，主要由于环保产品业务销售轻微下降所致。 泛亚环保(00556)发布截至2025年6月30日止六个月业绩，收入1.13亿元(人民币，下同)，同比下降2%;公 司拥有人应占溢利471.8万元，同比下降26%;每股基本盈利0.48分。 ...

智通财经APP讯，泛亚环保(00556)发布截至2025年6月30日止六个月业绩，收入1.13亿元(人民币，下 同)，同比下降2%;公司拥有人应占溢利471.8万元，同比下降26%;每股基本盈利0.48分。 于2025年上半年，集团总收入同比下降，主要由于环保产品业务销售轻微下降所致。 ...

格隆汇8月27日丨泛亚环保(00556.HK)发布公告，截至2025年6月30日止六个月，实现收入人民币1.13亿 元，同比减少2%；毛利为人民币1531.6万元，同比减少14%；公司拥有人应占溢利为人民币471.8万 元，同比减少26%；基本每股盈利人民币0.48分。 ...

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 告 全部或任何部分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。 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：556） 截至二零二五年六月三十日止六個月之 中期業績公告 財務摘要 | 截至六月三十日止六個月 | 二零二五年 | 變 | 動 | 二零二四年 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 人民幣千元 | 人民幣千元 | （未 | 經 | 審 | 核） | （未 | 經 | 審 | 核） | | | | | | 收 | 入 | 113,340 | 115,410 | -2% | | | | | | | | | | | 毛 | 利 | 15,316 | 17,855 | -14% | | | | | | | ...

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 告 全部或任何部分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。 （股份代號：556） 董事會召開日期 泛 亞 環 保 集 團 有 限 公 司（「本公司」及 其 附 屬 公 司「本集團」）董 事 會（「董事會」）兹 通 告 謹 定 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三）舉 行 董 事 會 會 議，以 考 慮 及 通 過 本 集 團 截 至 二 零 二 五 年 六 月 三 十 日 止 的 六 個 月 中 期 業 績，及 建 議 之 中 期 股 息 （如 有），以 及 處 理 其 他 事 項。 承董事會命 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） 泛亞環保集團有限公司 主 席 郭建南 香 港，二 零 二 五 年 八 月 十 五 日 於 本 公 告 日 期，本 公 司 董 事 為： 執 行 董 事： 獨 立 非 執 行 董 事： 郭建南先生 陳學政先生 ZHU Duke Li ...

FF301 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 致：香港交易及結算所有限公司 公司名稱: 泛亞環保集團有限公司（於開曼群島註冊成立之有限公司） 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) | 00556 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | 本月底法定/ ...

Financial Performance - The Group achieved a net profit of RMB 17.5 million for the year ended December 31, 2024, compared to a net profit of RMB 1.5 million in 2023[10]. - Total revenue increased by 14.1% to RMB 251.5 million in 2024, up from RMB 220.3 million in 2023, driven by business development and growing demand for eco-friendly solutions[11]. - Gross profit rose by 27.4% to RMB 36.2 million, with a gross profit margin of 14.4%, compared to 12.9% in 2023[11]. - Profit attributable to owners of the Company was RMB 17.2 million, with basic and diluted earnings per share at RMB 1.76 cents, up from RMB 0.17 cents in 2023[12]. - In 2024, the sale of environmental protection (EP) products and equipment generated revenue of RMB 251.5 million, an increase of 14.1% from RMB 220.3 million in 2023, accounting for 100% of the Group's total revenue[25]. Assets and Liabilities - The Group's total assets as of December 31, 2024, amounted to RMB 1,315.9 million, an increase of RMB 23.2 million compared to RMB 1,292.7 million in 2023[33]. - The Group's total liabilities decreased to RMB 151.0 million as of December 31, 2024, down from RMB 155.2 million in 2023, reflecting a reduction of RMB 4.2 million[33]. - The Group's total equity increased to RMB 1,164.9 million as of December 31, 2024, compared to RMB 1,137.5 million in 2023, indicating growth of RMB 27.4 million[33]. - The gearing ratio as of December 31, 2024, was 6.4%, down from 8.3% in 2023, indicating improved financial stability[33]. Strategic Initiatives - The Group plans to leverage AI technologies to enhance market competitiveness and explore new business opportunities in the "AI+" sector[16]. - Collaboration with partners like Chengdu Qingshu Technology Co. Ltd. is aimed at capturing synergies in the AI industry[17]. - The Group will align with national long-term planning and market trends to identify investment opportunities for sustainable growth[18]. - Continuous efforts will be made to improve comprehensive service capabilities in environmental protection engineering solutions[10]. - The Group is committed to contributing to green development and the construction of a beautiful China through its services[10]. - The ongoing battle against pollution and advancements in environmental technology are expected to provide broader development prospects for the industry[10]. Corporate Governance - The Board of Directors consists of six members, including three Executive Directors and three Independent Non-executive Directors, ensuring a balanced composition for effective governance[62]. - The company has complied with all applicable code provisions of the Corporate Governance Code throughout the year, except for three specific provisions related to the separation of roles and regular board meetings[52]. - The company is committed to high ethical standards, aiming to maximize shareholder wealth while benefiting employees and the communities in which it operates[46]. - The company has established a corporate governance framework based on the Corporate Governance Code, enhancing the Board's ability to oversee business conduct[51]. - The company conducted professional and vocational training for its employees during the year, indicating a focus on employee development[43]. Risk Management and Compliance - The Board is responsible for evaluating and determining the nature and extent of risks in achieving strategic objectives[166]. - An ongoing process for identifying, evaluating, and managing significant risks has been established, including risk identification, evaluation, and management[169]. - The Company engaged an external professional firm for internal audit functions to review the adequacy and effectiveness of risk management and internal control systems[174]. - The Audit Committee assists the Board in overseeing the design, implementation, and monitoring of risk management and internal control systems[166]. - The Company has implemented control procedures to prohibit unauthorized access and use of inside information[181]. Employee Compensation and Development - Total remuneration costs for the year ended December 31, 2024, were RMB 14.6 million, an increase from RMB 12.9 million in 2023[40]. - Total employee compensation, including director remuneration, amounted to RMB 14.6 million for the year ended December 31, 2024, compared to RMB 12.9 million in 2023, reflecting an increase of approximately 13.2%[43]. - The company employed approximately 89 employees as of December 31, 2024, maintaining competitive salary levels and conducting annual reviews based on market conditions[43]. - The Company provides continuous professional development for Directors to keep them informed of regulatory developments and changes[97]. - The Company encourages all Directors to participate in relevant training courses at the Company's expense to enhance their knowledge and skills[99]. Board Diversity and Composition - The Company has adopted a Board Diversity Policy to achieve diversity at the Board level, recognizing its importance for maintaining competitive advantage[127]. - The Nomination Committee is committed to diversity at all levels and considers various aspects, including gender, age, and professional qualifications, in its assessments[128]. - The Board has achieved a gender diversity target of at least 20% female Directors, with current representation at 17%[138]. - The overall workforce gender ratio is 22% female and 78% male, with 20 female employees out of 90 total[138]. - The Board composition includes no female representation in senior management, which is 100% male[138].

[Corporate Information](index=2&type=section&id=Corporate%20Information) [Corporate Information](index=2&type=section&id=Corporate%20Information) This section outlines the company's basic registration, governance, and key personnel, including the recent CEO transition - **Company senior management change**: Mr. Guo Jiannan resigned as CEO on April 12, 2024, and was succeeded by Mr. Zhu Duke Li[4](index=4&type=chunk) [Management Discussion and Analysis](index=4&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=4&type=section&id=BUSINESS%20REVIEW) The company expanded into AI and Web 3.0 via Pan Asia USA, complementing its stable environmental business operations - Environmental Products and Equipment Segment: Completed 4 water treatment and 1 flue gas treatment projects in H1, achieving sales revenue of **RMB 115.4 million**; 3 projects remain with **RMB 223.6 million** uncompleted contract value[10](index=10&type=chunk) - New Business Expansion: Established Pan Asia USA, a non-wholly owned US subsidiary, to develop Web 3.0 and AI businesses, including a decentralized disaster recovery storage network and GPU computing power leasing agency services[10](index=10&type=chunk) Initial AI Business Revenue | Business Type | Revenue (USD) | | :--- | :--- | | Decentralized Disaster Recovery Storage Network | 11,000 | | GPU Computing Power Leasing Agency | 240,000 | [Financial Review](index=5&type=section&id=FINANCIAL%20REVIEW) The company's H1 2024 financial performance was strong, with revenue growth and a substantial increase in profit attributable to owners Key Financial Indicators for H1 2024 | Indicator | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenue (RMB million) | 115.4 | 108.9 | +5.9% | | Gross Profit (RMB thousand) | 17,855 | - | +10.3% | | Gross Margin | 15.5% | 14.9% | +0.6pp | | Profit Attributable to Owners (RMB thousand) | 6,390 | 2,070 | +208.2% | | Basic and Diluted EPS (RMB cents) | 0.66 | 0.25 | +164% | - Revenue from AI businesses, including **RMB 1.71 million** in agency fees and **RMB 75 thousand** net income from decentralized disaster recovery storage solutions, is classified under "Net Other Income"[12](index=12&type=chunk) [Prospects](index=5&type=section&id=PROSPECTS) The Group plans to deepen its low-carbon economy and AI focus, enhancing environmental services and expanding Web 3.0 and GPU computing power businesses - The company proposes changing its Chinese name to "圖靈人工智能科技集團有限公司" and English name to "**Turing AI Technologies Group Limited**" to emphasize its commitment to AI and Web 3.0 development[16](index=16&type=chunk)[17](index=17&type=chunk) - For Web 3.0 business, the company will collaborate with PowerMeta to build up to **28 disaster recovery nodes**, with **14 nodes** already deployed on the mainnet[15](index=15&type=chunk)[17](index=17&type=chunk) - In early August 2024, Pan Asia USA signed an exclusive agency agreement with PowerMeta for GPU computing power leasing services in Southeast Asia and Australia[15](index=15&type=chunk)[17](index=17&type=chunk) [Liquidity and Financial Resources](index=8&type=section&id=LIQUIDITY%20AND%20FINANCIAL%20RESOURCES) As of June 30, 2024, the Group maintains a robust financial position with ample liquidity, low leverage, and substantial cash reserves Financial Position Summary (As of June 30, 2024) | Indicator | June 30, 2024 (RMB million) | December 31, 2023 (RMB million) | | :--- | :--- | :--- | | Total Assets | 1,330.7 | 1,292.7 | | Total Liabilities | 175.0 | 155.2 | | Total Equity | 1,155.7 | 1,137.5 | | Cash and Cash Equivalents | 1,248.9 | 1,235.8 | | Equity-to-Debt Ratio | 7.9% | 8.3% | - As of June 30, 2024, the Group pledged approximately **RMB 23.72 million** in cryptocurrency for joint operations[26](index=26&type=chunk) - The Group maintains a prudent financial policy, with most transactions, liabilities, and bank deposits denominated in RMB and HKD, holding no financial derivatives for hedging purposes[23](index=23&type=chunk)[24](index=24&type=chunk) [Other Information](index=9&type=section&id=Other%20Information) [Corporate Governance and Compliance](index=9&type=section&id=Corporate%20Governance%20and%20Compliance) This section details the company's compliance and corporate governance practices, including adherence to securities trading codes and board meeting frequency - The company previously deviated from the corporate governance code requiring separation of Chairman and CEO roles, but compliance was achieved with the new CEO appointment on April 12, 2024[39](index=39&type=chunk) - The company deviated from the code requiring at least four annual board meetings, citing no necessity for quarterly meetings due to non-disclosure of quarterly results[39](index=39&type=chunk) Major Shareholder Holdings (As of June 30, 2024) | Shareholder Name | Number of Shares (Long Position) | Percentage of Issued Share Capital | | :--- | :--- | :--- | | Mr. Jiang Xin | 358,568,000 | 36.22% (Combined) | | Praise Fortune Limited | 356,568,000 | 36.02% | | China Sky Global Investment Limited | 250,000,000 | 25.25% | | Hongkong Jinggangshan International Co. Limited | 80,000,000 | 8.08% | [Condensed Consolidated Financial Statements](index=13&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=13&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2024, the company's profitability significantly improved, with a substantial increase in profit for the period Key Items from Statement of Profit or Loss (For the six months ended June 30, RMB thousand) | Item | 2024 (Unaudited) | 2023 (Unaudited) | | :--- | :--- | :--- | | Revenue | 115,410 | 108,938 | | Gross Profit | 17,855 | 16,193 | | Profit Before Tax | 11,954 | 4,995 | | Profit for the Period | 7,058 | 2,073 | | Profit Attributable to Owners of the Company | 6,389 | 2,073 | | Total Comprehensive Income/(Loss) for the Period | 6,402 | (1,297) | [Condensed Consolidated Statement of Financial Position](index=15&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the company's balance sheet is robust, with total assets and net assets steadily improving Key Items from Statement of Financial Position (RMB thousand) | Item | June 30, 2024 (Unaudited) | December 31, 2023 (Audited) | | :--- | :--- | :--- | | **ASSETS** | | | | Non-current Assets | 29,170 | 4,362 | | Current Assets | 1,301,521 | 1,288,363 | | **TOTAL ASSETS** | **1,330,691** | **1,292,725** | | **LIABILITIES** | | | | Current Liabilities | 128,279 | 133,637 | | Non-current Liabilities | 46,711 | 21,595 | | **TOTAL LIABILITIES** | **174,990** | **155,232** | | **NET ASSETS** | **1,155,701** | **1,137,493** | | **TOTAL EQUITY** | **1,155,701** | **1,137,493** | [Condensed Consolidated Statement of Changes in Equity](index=17&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) During the reporting period, total equity increased, primarily driven by profit for the period and new share issuance - Total equity increased from **RMB 1,137,493 thousand** to **RMB 1,155,701 thousand**[50](index=50&type=chunk) - Key drivers for the equity increase include: profit for the period (**RMB 6,389 thousand**) and new share issuance (**RMB 11,806 thousand**)[50](index=50&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=18&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) In H1 2024, the company's cash flow significantly improved, with operating activities generating a net inflow and increased cash equivalents Cash Flow Statement Summary (For the six months ended June 30, RMB thousand) | Item | 2024 (Unaudited) | 2023 (Unaudited) | | :--- | :--- | :--- | | Net Cash from Operating Activities | 4,666 | (3,647) | | Net Cash from Investing Activities | 1,056 | 1,597 | | Net Cash from Financing Activities | 6,953 | 4,298 | | Net Increase in Cash and Cash Equivalents | 12,675 | 2,248 | | Cash and Cash Equivalents at End of Period | 1,248,889 | 1,204,941 | [Notes to the Condensed Consolidated Interim Financial Statements](index=19&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) [2. Basis of Preparation](index=19&type=section&id=2.%20BASIS%20OF%20PREPARATION) This section details the financial statements' preparation basis under HKAS 34, including new accounting policies for AI and cryptocurrency - Agency Fee Revenue: The Group recognizes agency fee revenue only after the introduced client signs an agreement and pays fees to the partner, PowerMeta[58](index=58&type=chunk) - Cryptocurrency Accounting Treatment: Held cryptocurrencies are treated as intangible assets with indefinite useful lives, measured at cost less accumulated impairment losses[64](index=64&type=chunk) - Cryptocurrency Borrowings: Cryptocurrencies borrowed from related parties are classified as "financial liabilities at fair value through profit or loss," with fair value changes recognized in current profit or loss[64](index=64&type=chunk)[145](index=145&type=chunk) [3. Critical Accounting Judgements and Key Sources of Estimation Uncertainty](index=28&type=section&id=3.%20CRITICAL%20ACCOUNTING%20JUDGEMENTS%20AND%20KEY%20SOURCES%20OF%20ESTIMATION%20UNCERTAINTY) This section outlines management's key accounting judgments, particularly for new businesses like cryptocurrency and decentralized storage solutions - Cryptocurrency Accounting Judgment: Given the absence of specific HKFRSs guidance for cryptocurrency, management judged to treat it as an indefinite-lived intangible asset using the cost model[88](index=88&type=chunk) - Cryptocurrency Mining Revenue Recognition Judgment: Lacking specific guidance, management exercised significant judgment in recognizing revenue from decentralized disaster recovery storage solutions (mining), measuring it based on the fair value of cryptocurrencies received[90](index=90&type=chunk) [4. Revenue and Segment Reporting](index=34&type=section&id=4.%20REVENUE%20AND%20SEGMENT%20REPORTING) During the reporting period, the Group's total revenue was entirely from the "Environmental Products and Equipment" segment in Mainland China Segment Revenue and Profit (For the six months ended June 30, 2024, RMB thousand) | Segment | Revenue | Profit (Adjusted EBITDA) | | :--- | :--- | :--- | | Environmental Products and Equipment | 115,410 | 17,941 | | Environmental Construction Services | 0 | 0 | | **Total** | **115,410** | **17,941** | - All revenue from external customers originated from China (place of registration)[105](index=105&type=chunk) [11. Cryptocurrencies](index=42&type=section&id=11.%20CRYPTOCURRENCIES) As of June 30, 2024, the company reported Filecoins as a new asset, with a carrying value after impairment losses Changes in Cryptocurrency Carrying Value (RMB thousand) | Item | Amount | | :--- | :--- | | Cost | 30,747 | | Accumulated Impairment | (6,988) | | Exchange Differences | 33 | | **Carrying Value (June 30, 2024)** | **23,792** | - The company recognized an impairment loss of **RMB 6.988 million** due to Filecoins' market price being significantly below cost[128](index=128&type=chunk)[130](index=130&type=chunk) - Approximately **RMB 23.723 million** in cryptocurrency (**743,012 Filecoins**) was pledged to the Mainnet network for 540-day joint operations supporting decentralized disaster recovery storage solutions[123](index=123&type=chunk)[124](index=124&type=chunk) [18. Material Related Party Transactions](index=52&type=section&id=18.%20MATERIAL%20RELATED%20PARTY%20TRANSACTIONS) The Group engaged in significant related party transactions, including agency fee income, cryptocurrency borrowings, and payables to its ultimate controlling party - Received agency fee income of **RMB 1.708 million** from related company PowerMeta[160](index=160&type=chunk) - Borrowed cryptocurrency from related company 3 Body, resulting in a **RMB 25.927 million** financial liability at fair value through profit or loss[162](index=162&type=chunk) Key Balances with Related Parties (RMB thousand) | Related Party | Item | June 30, 2024 | | :--- | :--- | :--- | | PowerMeta | Amounts Receivable from Related Companies | 1,453 | | Praise Fortune Limited | Amounts Payable to Ultimate Controlling Party | (70,005) | | 3 Body | Financial Liabilities at Fair Value Through Profit or Loss | (25,927) | [21. Events After the Reporting Period](index=57&type=section&id=21.%20EVENTS%20AFTER%20THE%20REPORTING%20PERIOD) Post-reporting period, the company proposed a name change to "Turing AI Technologies Group Limited" and secured an exclusive GPU computing power agency agreement - On August 13, 2024, the Board proposed changing the company name from "Pan Asia Environmental Group Limited" to "**Turing AI Technologies Group Limited**"[174](index=174&type=chunk) - On August 5, 2024, a company subsidiary entered into an exclusive agency agreement with PowerMeta for GPU computing power leasing services in Southeast Asia and Australia[174](index=174&type=chunk)

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 115,410,000, an increase of 5.9% compared to RMB 108,938,000 for the same period in 2023[1] - Gross profit for the same period was RMB 17,855,000, reflecting a growth of 10.3% from RMB 16,193,000 year-over-year[2] - Profit attributable to owners of the company surged to RMB 6,389,000, marking a significant increase of 208.2% from RMB 2,073,000 in the previous year[3] - Basic and diluted earnings per share rose to RMB 0.66, up 164.0% from RMB 0.25 in the prior year[3] - Total comprehensive income for the period was RMB 6,402,000, compared to a loss of RMB 1,297,000 in the same period last year[3] - The adjusted EBITDA for the six months ended June 30, 2024, was RMB 17,941 thousand, up from RMB 13,448 thousand in 2023, marking an increase of approximately 33.5%[28] - The income tax expense for the six months ended June 30, 2024, was RMB 4,896 thousand, compared to RMB 2,922 thousand in 2023, indicating an increase of approximately 67.5%[30] - The company reported a net loss from trade receivables of RMB (976) thousand for the six months ended June 30, 2024, compared to a loss of RMB 1,116 thousand in 2023[29] - The company generated additional income from bank interest and agency fees amounting to RMB 1,257 thousand in 2024, compared to RMB 1,759 thousand in 2023[28] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled RMB 29,170,000, compared to RMB 4,362,000 at the end of 2023[4] - Current assets amounted to RMB 1,301,521,000, an increase from RMB 1,288,363,000 at the end of 2023[4] - The company's total equity increased to RMB 1,155,701,000 from RMB 1,137,493,000 at the end of the previous year[5] - The total assets of the group as of June 30, 2024, amounted to RMB 1.3307 billion, an increase of RMB 38 million from RMB 1.2927 billion as of December 31, 2023[61] - The total liabilities of the group as of June 30, 2024, were RMB 175 million, an increase of RMB 19.76 million from RMB 155.52 million as of December 31, 2023[61] - The total amount of current liabilities as of June 30, 2024, is RMB 21,690 thousand, down from RMB 32,665 thousand as of December 31, 2023[45] Revenue Streams - Revenue from water treatment products and equipment was RMB 84,920 thousand for the six months ended June 30, 2024, compared to RMB 63,102 thousand in 2023, indicating a significant increase of approximately 34.7%[26] - Revenue from flue gas treatment products and equipment decreased to RMB 30,490 thousand in 2024 from RMB 45,836 thousand in 2023, reflecting a decline of approximately 33.4%[26] - The group recognizes revenue from providing decentralized disaster recovery storage solutions in the cryptocurrency blockchain, measured at fair value of the cryptocurrency received[25] Corporate Developments - The company plans to change its name to "Turing Artificial Intelligence Technology Group Limited," pending shareholder approval and regulatory consent[53] - The company established a non-wholly owned subsidiary in the U.S. to develop Web 3.0 and AI businesses, generating revenues of USD 11,000 and USD 240,000 from GPU computing rental services[55] - The company entered into a joint venture agreement with PowerMeta to provide decentralized disaster recovery storage solutions, with a commitment to provide up to 1,820,000 Filecoins as collateral[52] - The company has initiated an exclusive agency agreement with PowerMeta to develop GPU computing rental services in Southeast Asia and Australia[54] Governance and Compliance - The company has adhered to the corporate governance code principles, except for specific provisions C.2.1 and C.5.1 during the six months ending June 30, 2024[68] - The company appointed Zhu Duke Li as the new CEO on April 12, 2024, ensuring compliance with the corporate governance code[69] - The audit committee reviewed the group's financial reporting procedures and internal control processes for the six months ending June 30, 2024[67] Financial Management - The group assesses expected credit losses based on past credit loss experiences and adjusts for specific factors related to debtors at the reporting period end[19] - Significant judgments are made in determining the carrying amounts of assets and liabilities, particularly regarding future events and cash flow assumptions[21] - The group is subject to various tax obligations in Hong Kong, China, and the United States, requiring significant judgment in tax provision determinations[22] - The group must assess the withholding tax implications for dividends from subsidiaries established in China, which involves significant assumptions about future market conditions[23] Cryptocurrency and Fair Value - The group holds cryptocurrencies with an indefinite useful life, measured at cost less any accumulated impairment losses, with impairment losses recognized only when recoverable amounts fall below carrying values[11] - Financial liabilities measured at fair value through profit or loss include unsecured borrowings and accrued interest related to cryptocurrencies, with gains or losses recognized in profit or loss[12] - The group recognized an impairment loss of RMB 6,988,000 on cryptocurrency holdings as of June 30, 2024, due to a significant decline in market price[38] - As of June 30, 2024, the fair value of financial liabilities measured at fair value through profit or loss was RMB 25,927 thousand, with a fair value loss of RMB 7,609 thousand during the period[47] Operational Efficiency - The gross profit increased by 10.3% to RMB 17.85 million, with the gross margin improving from 14.9% to 15.5% due to enhanced project portfolio management and efficiency[56] - The company completed four water treatment projects and one flue gas treatment project, generating sales revenue of RMB 115.4 million, with three ongoing projects valued at RMB 223.6 million expected to be completed by the end of 2024[55] - The group has completed the deployment of 14 disaster recovery nodes (DR nodes) and plans to deploy the remaining nodes soon, aiming to provide reliable and efficient data management solutions to clients in finance and technology sectors[59] - The group aims to leverage its expertise in low-carbon economy development and artificial intelligence to enhance product quality and operational efficiency, thereby increasing revenue sources[58]

Financial Performance - The Group generated total revenue of RMB220.3 million in 2023, a 41.6% increase from RMB155.6 million in 2022[17] - Gross profit rose by 56.7% to RMB31.4 million, maintaining a gross profit margin of 12.9%[17] - The net profit for the year was RMB1.5 million, reversing a net loss of RMB0.9 million in 2022[18] - Basic and diluted earnings per share were RMB0.17 cents, compared to a basic loss per share of RMB0.11 cents in 2022[18] - The Group achieved total revenue of RMB 220.3 million in 2023, a 41.6% increase from RMB 155.6 million in 2022[21] - Gross profit rose by 56.7% to RMB 31.4 million, with a gross margin of 12.9%[21] - The Group turned a profit with a net income attributable to shareholders of RMB 1.5 million, compared to a net loss of RMB 0.9 million in 2022[21] Strategic Initiatives - The Group is optimistic about the environmental protection industry, driven by government policies aimed at reducing pollutant emissions and improving ecological quality by 2027[19] - The government targets carbon emissions to peak and decline steadily by 2035, which aligns with the Group's strategic goals[19] - The Group plans to enhance services and improve efficiency by leveraging its expertise and expanding its business portfolio[20] - A strategic cooperation agreement was established with Chengdu Qingshu Technology Co., Ltd to enter the AI market, enhancing innovation and growth opportunities[13] - The Group aims to diversify income streams and achieve sustained growth in line with the evolution of the environmental protection market[20] - The Group's proactive measures in business development contributed to its turnaround and profitability in 2023[12] - The Group entered into a strategic cooperation agreement with Chengdu Qingshu Technology Co., Ltd. to provide accelerated computing services, enhancing business diversification[37] Project Development - The Group completed seven water treatment projects and four flue gas treatment projects in 2023[35] - As of December 31, 2023, the Group had three projects on hand with an aggregate value of approximately RMB 199.1 million, expected to be completed by the end of 2024[36] - The Group completed 7 water treatment projects and 4 flue gas treatment projects during the year[40] - The Group has 3 ongoing projects with a total value of approximately RMB 199.1 million, expected to be completed by the end of 2024[40] Corporate Governance - The Board does not recommend the payment of a final dividend for the year ended December 31, 2023[34] - The Group's management underwent changes, with Mr. Guo Jiannan appointed as Chairman following Mr. Jiang Xin's resignation[38] - The Company has complied with all applicable code provisions of the CG Code throughout the year ended 31 December 2023, except for provisions C.2.1, C.5.1, F.2.2, and D.2.5[60] - The Board comprises six members, including three Executive Directors and three Independent Non-executive Directors, ensuring a balanced composition[71] - Mr. Guo Jiannan was appointed as Chairman on 27 November 2023, assuming both the roles of Chairman and Chief Executive Officer, which deviates from code provision C.2.1[79] - Mr. Zhu Duke Li was appointed as Chief Executive Officer on 12 April 2024, bringing the Company into compliance with code provision C.2.1[80] - The Company has established a corporate governance framework and policies based on the Listing Rules to enhance the Board's governance capabilities[61] - The Directors confirmed compliance with the Company's Securities Dealing Code throughout the year ended December 31, 2023[65] Board Effectiveness - The Board regularly reviews the contributions required from Directors to ensure they are spending sufficient time on their responsibilities[68] - The Company has not noted any incidents of non-compliance with the Securities Dealing Code by employees[66] - The Board believes that having the same individual serve as both Chairman and Chief Executive Officer ensures consistent leadership and effective strategic planning[79] - The Company has a strong independent element on the Board, which can effectively exercise independent judgment[68] - The company appointed Zhu Duke Li as the new CEO effective April 12, 2024, ensuring compliance with corporate governance guidelines[83] - The board maintained compliance with listing rules by having at least three Independent Non-executive Directors, representing over one-third of the board[84][90] - The chairman of the Audit Committee possesses the required professional qualifications and expertise in accounting and financial management[84] Committees and Policies - The Company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with specific written terms of reference[113] - The Audit Committee's main duties include reviewing financial information, risk management, and internal control systems[116] - The Remuneration Committee includes one Executive Director and three Independent Non-executive Directors, maintaining transparency in remuneration decisions[119] - The Remuneration Committee conducted one meeting to review and make recommendations on the remuneration policy and structure of the Company, including the remuneration packages of the Executive Director and senior management[125] - The Audit Committee consists of three Independent Non-executive Directors, ensuring a robust oversight of financial reporting and internal controls[115] Risk Management - The Board is responsible for evaluating and determining the nature and extent of risks in achieving strategic objectives[174] - An ongoing process for identifying, evaluating, and managing significant risks has been established[177] - The Company engaged an external professional firm for internal audit functions to review the adequacy and effectiveness of risk management systems[182] - The annual review of risk management and internal control systems for the year ended December 31, 2023, concluded that these systems are effective and adequate[183] Compliance and Ethics - The company has established a whistleblowing policy for employees to report any misconduct confidentially and anonymously[193] - The company has implemented anti-corruption policies to prevent bribery and corruption internally, with regular training sessions held for all employees[193] - The directors confirm that there are no material uncertainties that may cast significant doubt on the company's ability to continue as a going concern[197] - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards[195] - The company has adopted appropriate accounting policies consistently, except for the revised standards and amendments[195] - The company has established monitoring measures to prevent unauthorized access and use of insider information[194] - The company has a disclosure policy to guide directors and employees in handling confidential information and responding to inquiries[193] Employee and Diversity - As of December 31, 2023, the Group had approximately 89 employees, with competitive salary levels reviewed annually[49] - Total remuneration costs, including Directors' remuneration, for the year ended December 31, 2023, were RMB 12.9 million, slightly down from RMB 13.0 million in 2022[49] - The Company emphasizes the importance of gender diversity, achieving 25.6% female employees[147] - The gender ratio in the workforce, including the Board and senior management, reflects the Company's commitment to gender diversity[146] - The Board achieved a target of at least 20% female Directors, with 1 out of 5 Directors being female, representing 20%[147] - The overall workforce gender ratio is 23.6% female, with 21 out of 89 employees being female[147]