Group 1 - As of May 30, a total of 69 stocks reached their 52-week highs, with Emperor Watch and Jewellery (00887), Anxian Garden China (00922), and Bestar Holdings (02983) leading the high rate at 16.00%, 14.71%, and 12.20% respectively [1] - The closing prices and highest prices for the top three stocks are as follows: Emperor Watch and Jewellery at 0.460 and 0.580, Anxian Garden China at 0.152 and 0.195, and Bestar Holdings at 5.920 and 6.160 [1] - Other notable stocks that reached their 52-week highs include Jieli Trading (08017) with a high rate of 11.94% and China Rare Earth Holdings (03788) with 11.76% [1] Group 2 - The report also highlights stocks that reached their 52-week lows, with Sound Technology (02495) showing the largest decline at -15.79%, followed by Baide International (02668) at -10.92% [2] - The closing and lowest prices for the stocks that reached their lows include Sound Technology at 113.800 and 101.900, and Baide International at 0.163 and 0.155 [2] - Other stocks that experienced declines include INTL GENIUS (00033) at -5.41% and China Casting Morning 81 (00810) at -4.55% [2]

52周新高排行 智通财经APP获悉，截止5月23日收盘，有72只股票创52周新高，其中品创控股(08066)、大唐黄金 (08299)、富智康集团(02981)创高率位于前3位，分别为22.60%、18.06%、12.81%。 | 国际资源(01051) | 8.690 | 8.750 | 1.51% | | --- | --- | --- | --- | | 比亚迪股份－Ｒ(81211) | 426.400 | 439.000 | 1.48% | | 康宁杰瑞制药－Ｂ | 8.900 | 9.350 | 1.41% | | (09966) | | | | | 五谷磨房(01837) | 0.740 | 0.740 | 1.37% | | 广南（集团）(01203) | 0.750 | 0.760 | 1.33% | | 比亚迪股份(01211) | 465.200 | 477.800 | 1.31% | | 四川成渝高速公路 | 4.730 | 4.750 | 1.06% | | (00107) | | | | | 浙商银行(02016) | 2.840 | 2.890 | 1.05% | | 亚盛医药－Ｂ ...

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].

集 国 限 公 司 泛 出 環 保 信 Pan Asia Environmental Protection Group Limited INTERIM 2024 R E P O R T 中 期 報 告 :::: 7 illia ( 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) (Incorporated in the Cayman Islands with limited liability) 股份代號 stock code：00556.HK Contents目錄 | --- | --- | |----------------------------------------|-------| | | | | Corporate Information | 2 | | Management Discussion and Analysis | 4 | | Other Information | 9 | | Condensed Consolidated Statement of | 13 | | Profit or Loss and Other Comprehensive | | | Income | ...

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]

Financial Performance - Revenue for the year ended December 31, 2023, reached RMB 220,336 thousand, representing a 41.6% increase compared to RMB 155,568 thousand in 2022[2] - Gross profit for the same period was RMB 28,433 thousand, up 42.0% from RMB 20,024 thousand in the previous year[2] - The company reported a net profit attributable to shareholders of RMB 1,451 thousand, a significant turnaround from a loss of RMB 899 thousand in 2022[2] - Basic and diluted earnings per share improved to RMB 0.17 from a loss of RMB 0.11 in the prior year[2] - The EBITDA for the environmental products and equipment segment was RMB 21,032,000 in 2023, compared to RMB 13,747,000 in 2022, reflecting a growth of 53.1%[11] - The company turned a profit with a net income of RMB 1.5 million for the year ending December 31, 2023, compared to a net loss of RMB 0.9 million in 2022[33] - Other income decreased from RMB 4,459,000 in 2022 to RMB 2,417,000 in 2023, primarily due to a reduction in bank interest income[18] - The total impairment losses recognized amounted to RMB 6,143,000 in 2023, compared to RMB 5,217,000 in 2022[19] - The company incurred financing costs of RMB 2,753,000 in 2023, slightly down from RMB 2,855,000 in 2022[19] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 1,288,363 thousand, compared to RMB 1,250,479 thousand in 2022[5] - Current liabilities increased to RMB 133,637 thousand from RMB 84,438 thousand in the previous year[5] - The company's net asset value rose to RMB 1,137,493 thousand, up from RMB 1,120,631 thousand in 2022[5] - The total liabilities of the group as of December 31, 2023, were RMB 155.2 million, up by RMB 23.2 million from RMB 132 million in 2022[42] - Trade receivables increased to RMB 39.52 million in 2023 from RMB 37.68 million in 2022, with a net amount of RMB 30.11 million after impairment losses[26] - Trade payables rose significantly to RMB 41.67 million in 2023 from RMB 17.91 million in 2022[29] Strategic Initiatives - The company has engaged in environmental protection product sales and construction services in China, indicating a focus on market expansion[6] - The company entered a strategic partnership with Chengdu Qingshu Technology Co., Ltd. in September 2023 to enhance its accelerated computing services, aiming to explore market opportunities in the accelerated computing industry[37] - The group plans to diversify its business through accelerated computing services, utilizing specialized hardware accelerators like GPUs and TPUs, which offer higher computing efficiency than traditional CPUs[40] - The company aims to enhance its environmental services and optimize efficiency to capture opportunities arising from the low-carbon economy and policy directives[38] - The company has initiated plans to establish further strategic partnerships to develop its accelerated computing solutions business in the near future[40] - The group is actively seeking to leverage advanced technologies in the rapidly growing artificial intelligence market to enhance business relevance and viability[41] Corporate Governance - The company is committed to high standards of corporate governance and has adhered to the corporate governance code, with some exceptions noted[52] - The current chairman and CEO, Mr. Guo Jian Nan, has been appointed to both roles, which the board believes will enhance strategic planning efficiency[53] - The company will continue to review the separation of the roles of chairman and CEO as necessary[53] - The company emphasizes the importance of active participation from the majority of directors in board meetings, whether in person or via electronic communication[55] - The board of directors held a total of nine meetings during the year ending December 31, 2023, exceeding the minimum requirement of four meetings[55] Future Outlook - The company will hold its annual general meeting on May 17, 2024, to discuss and approve the final results for the year ending December 31, 2023, and any proposed final dividends[57] - The annual report for the year ending December 31, 2023, will be published on the company's website and the Hong Kong Stock Exchange website at an appropriate time[60] - The company has ensured that the chairman will strive to attend all future shareholder meetings[56] - The company has established a clear timeline for the suspension of share transfer registration to facilitate participation in the annual general meeting[58] Financial Position - The total equity of the group was RMB 1.1375 billion as of December 31, 2023, compared to RMB 1.1206 billion in 2022, indicating a stable financial position[42] - The group has no foreign currency bank liabilities or financial derivatives for hedging foreign exchange risks as of December 31, 2023, maintaining a conservative financial policy[43]

Financial Performance - In the first half of 2023, the total revenue of Pan Asia Environmental Protection Group Limited was RMB 108.9 million, an increase of 81.5% year-on-year from RMB 60.0 million in the same period of 2022[10]. - Gross profit rose significantly by 116.9% to RMB 16.2 million, with the gross profit margin improving to 14.9% from 12.5% in the previous year[10]. - Profit attributable to owners of the Company amounted to RMB 2.1 million, reversing a net loss of RMB 2.1 million recorded in the same period of 2022[14]. - Revenue for the six months ended June 30, 2023, was RMB 108,938,000, a 81.5% increase from RMB 59,960,000 in the same period of 2022[71]. - Gross profit for the same period was RMB 16,193,000, compared to RMB 7,466,000 in 2022, reflecting a significant improvement[71]. - Profit before taxation for the six months ended June 30, 2023, was RMB 4,995,000, a recovery from a loss of RMB 2,107,000 in the previous year[71]. - Total comprehensive loss for the period attributable to owners of the Company was RMB 1,297,000, a significant reduction from RMB 5,988,000 in 2022[71]. - Adjusted EBITDA for the same period was RMB 13,448,000, up 179.5% from RMB 4,822,000 year-on-year[127]. Project and Operational Updates - The Group completed 3 water treatment-related projects and 3 flue gas treatment projects during the reporting period[20]. - As of June 30, 2023, the Group had 6 projects on hand with an aggregate value of work to be completed amounting to approximately RMB 270.8 million (tax inclusive)[21]. - The Group's environmental products and equipment segment accounted for 100% of total revenue during the reporting period[20]. - The Group's operating segments are divided into two main categories: (i) EP products and equipment and (ii) EP construction engineering services[105]. Financial Position - As of June 30, 2023, total assets amounted to RMB1,268.3 million, compared to RMB1,252.6 million as of December 31, 2022, reflecting a growth of approximately 1.3%[29]. - Total liabilities increased to RMB149.0 million as of June 30, 2023, up by RMB17.0 million from RMB132.0 million as of December 31, 2022, representing a growth of about 12.9%[29]. - The total equity as of June 30, 2023, was RMB1,119.3 million, slightly down from RMB1,120.6 million as of December 31, 2022[29]. - The gearing ratio increased to 9.7% as of June 30, 2023, compared to 8.9% as of December 31, 2022[29]. - Current assets rose to RMB 1,264,516,000 as of June 30, 2023, compared to RMB 1,250,479,000 at the end of 2022[73]. - The company's total equity attributable to owners as of June 30, 2023, was RMB 1,119,334,000, a slight decrease from RMB 1,123,629,000 at the end of June 2022[77]. Corporate Governance - The Company did not recommend payment of an interim dividend for the six months ended June 30, 2023, reserving capital for business development[19]. - The audit committee, composed of three independent non-executive directors, reviewed the group's financial reporting procedures and internal control systems for the six months ended June 30, 2023[56]. - The roles of Chairman and Chief Executive Officer were separated on March 16, 2023, with Mr. Guo Jiannan appointed as CEO, enhancing corporate governance compliance[63]. - The Company has established an audit committee to review financial reporting processes and internal controls, ensuring compliance with governance standards[60]. Market and Industry Outlook - The environmental protection industry is expected to benefit from the Chinese government's focus on high-quality environmental governance and pollution control[12]. - The demand for eco-friendly and low-carbon solutions continues to grow, contributing to the Group's revenue increase[13]. - The Group aims to enhance its environmental business and optimize efficiency to maximize benefits for itself, clients, and the environment[18]. - The Group aims to strengthen its environmental protection business and expand its portfolio to capture emerging market opportunities, contributing positively to the environment and maximizing shareholder returns[25][28]. Employee and Remuneration - As of June 30, 2023, the Group had approximately 85 employees, with competitive salary levels reviewed annually[39]. - Total remuneration cost for the six months ended June 30, 2023, was RMB8.9 million, an increase from RMB6.3 million for the same period in 2022, indicating a rise of approximately 41.3%[39]. Cash Flow and Investments - For the six months ended June 30, 2023, the net cash used in operating activities was RMB (3,647,000), a significant improvement compared to RMB (29,655,000) for the same period in 2022[78]. - The net cash generated from investing activities for the six months ended June 30, 2023, was RMB 1,597,000, compared to RMB 2,132,000 in the previous year[78]. - The net cash generated from financing activities was RMB 4,298,000 for the six months ended June 30, 2023, slightly down from RMB 4,556,000 in 2022[78]. - As of June 30, 2023, cash and cash equivalents amounted to RMB 1,204,941,000, an increase from RMB 1,199,105,000 at the same date in 2022[78]. Related Party Transactions - Related party transactions included amounts owed to Mr. Jiang Xin and Mr. Jiang Quanlong, totaling RMB 20,118,000 as of June 30, 2023[189]. - Related interest expenses for the six months ended June 30, 2023, were RMB 570,000, compared to RMB 546,000 for the same period in 2022[189].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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） 截至二零二三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 二零二三年 二零二二年 變動 人民幣千元 人民幣千元 （未經審核） （未經審核） 收入 108,938 59,960 82% 毛利 16,193 7,466 117% 本公司擁有人應佔期內 溢利╱（虧損） 2,073 (2,107) -198% 每股盈利╱（虧損） ...

Financial Performance - The Group generated total revenue of RMB 155.6 million in 2022, a surge of 307.7% compared to RMB 38.2 million in 2021[13] - Gross profit increased by 579.2% to RMB 20.0 million, with a gross profit margin of 12.9%, up from 7.7% in 2021[13] - The Group reported a loss attributable to owners of RMB 0.9 million in 2022, compared to a profit of RMB 8.3 million in 2021[13] - Basic loss per share was RMB 0.11 cents, a decline from basic earnings per share of RMB 0.99 cents in 2021[13] - The Group experienced a net loss of RMB 5.2 million in other net gains, primarily due to impairment losses on trade receivables and contract assets[13] Market Opportunities - The PRC government aims to achieve carbon emissions peaking before 2030 and carbon neutrality before 2060, which presents opportunities for the Group in sustainable business development[12] - The Group plans to explore new market opportunities and potential acquisitions in high-growth industries to maximize shareholder returns[18] - The PRC's eco-friendly and low-carbon circular economic development system is expected to favor the environmental protection industry, leading to optimistic growth prospects for the Group[17] - The Group remains optimistic about short-term prospects due to increasing environmental protection demands driven by national policies[20] Project and Asset Management - In 2022, the Group's revenue from the sale of environmental protection (EP) products and equipment was RMB 155.6 million, a significant increase from RMB 37.0 million in 2021, accounting for 100% of total revenue[30] - The Group completed nine water treatment-related projects in 2022, with no revenue generated from EP construction engineering design services, which had contributed RMB 1.1 million in 2021[30] - As of December 31, 2022, the Group had three projects on hand with an aggregate value of approximately RMB 56.4 million, expected to be completed by the end of 2023[31] - The Group's total assets increased to RMB 1,252.6 million as of December 31, 2022, up from RMB 1,230.1 million in 2021[32] - Total liabilities rose to RMB 132.0 million as of December 31, 2022, compared to RMB 100.4 million in 2021[32] - The Group's total equity decreased to RMB 1,120.6 million in 2022 from RMB 1,129.6 million in 2021, with a gearing ratio of 8.9%[32] - Cash and cash equivalents amounted to RMB 1,202.7 million as of December 31, 2022, down from RMB 1,222.1 million in 2021[32] Corporate Governance - The Company is committed to high corporate governance standards to safeguard shareholder interests and enhance corporate value[50][54] - The Board of Directors is responsible for promoting the Company's success by directing and supervising its affairs[58] - The Company has complied with all applicable code provisions of the Corporate Governance Code, except for three specific provisions[53] - The Board consists of five members, including two Executive Directors and three Independent Non-executive Directors, ensuring a balanced composition[62] - The Company has complied with the Listing Rules by maintaining at least three Independent Non-executive Directors, representing at least one-third of the Board[68] Board Structure and Independence - Mr. Jiang Xin served as both Chairman and Chief Executive Officer until March 16, 2023, when Mr. Guo Jiannan was appointed as CEO, properly separating the roles[63][64] - The Audit Committee is chaired by Mr. Leung Shu Sun, who possesses the required professional qualifications and expertise in accounting and financial management[68] - The Company has established a Board Independence Evaluation Mechanism to enhance Board effectiveness and ensure independent judgment[70] - All Directors completed an independence evaluation during the year ended December 31, 2022, with satisfactory results[73] - The Company received written annual confirmations of independence from all Independent Non-executive Directors, affirming their independence[69] Risk Management - The Company has established a risk management process that includes regular internal control assessments to identify potential risks affecting business operations[165] - The Audit Committee assists the Board in overseeing the design, implementation, and monitoring of risk management and internal control systems[161] - An external professional firm was engaged to provide internal audit functions and review the adequacy and effectiveness of risk management systems[170] - The annual review of risk management and internal control systems for the year ended December 31, 2022, concluded that these systems are effective and adequate[171] - The Company has a Whistleblowing Policy in place to allow employees to confidentially raise concerns about financial reporting and internal control issues[172] Diversity and Inclusion - The Company has adopted a Board Diversity Policy to achieve diversity at the Board level, recognizing it as essential for maintaining competitive advantage[120] - The Nomination Committee is committed to diversity at all levels and considers various aspects, including gender, age, cultural background, and professional qualifications when assessing Board composition[125] - The Board aims to achieve at least 16.7% female Directors by December 31, 2024, with current representation at 0%[132] - The overall workforce gender ratio is 22.4% female and 77.6% male, with 19 female employees out of 85 total[132] - The gender ratio in senior management is currently 0% female, with 8 male members[132] Employee and Director Remuneration - As of December 31, 2022, the total remuneration cost, including Directors' remuneration, was RMB 13.0 million, an increase from RMB 12.5 million in 2021[40][43] - The Group had approximately 90 employees as of December 31, 2022, with salaries maintained at competitive levels and reviewed annually[40][43] - The remuneration of senior management (excluding Executive Director) during the year falls within the following bands: 2 individuals earned between HK$0 to HK$1,000,000 and 1 individual earned between HK$1,500,001 to HK$2,000,000[112] - The Company’s remuneration policy ensures that remuneration is based on skills, knowledge, responsibilities, and involvement in the Company’s affairs[113] Shareholder Communication - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance[199] - All resolutions at general meetings will be voted on by poll, with results posted on the company's and Stock Exchange's websites[200]