Financial Performance - The company recorded revenue of approximately HKD 15,721,000 for the year ending December 31, 2023, a decrease of about 59.06% compared to HKD 38,400,000 in 2022[8]. - The loss attributable to the company's owners was approximately HKD 43,163,000, an increase of about 72.54% from HKD 25,016,000 in the previous year[8]. - The gross profit margin decreased significantly, with gross profit of HKD 6,526,000, down from HKD 13,610,000, indicating a decline of 52.0%[183]. - The total comprehensive loss for the year was HKD 37,851,000, compared to HKD 10,915,000 in 2022, indicating a significant increase of 246.0%[183]. - The basic and diluted loss per share was HKD 19.49, worsening from HKD 11.42 in the previous year, which is an increase of 70.0%[186]. - The company reported a pre-tax loss of HKD 43,337 million in 2023, compared to a loss of HKD 25,023 million in 2022, representing a deterioration of 73.2%[194]. - The company reported a loss attributable to shareholders of approximately HKD 43,163,000 for the year ended December 31, 2023[200]. Operational Highlights - Despite the decline in revenue, the overall gross profit margin increased from 35.44% in the previous year to 41.51% in the current year, reflecting a rise of 6.07 percentage points[8]. - The company achieved significant growth in new water service contract orders, nearing pre-pandemic levels, indicating a positive shift in business development[9]. - The company successfully implemented two new technology projects in wastewater treatment, enhancing its competitiveness and contributing positively to local environmental quality[4]. - The company plans to continue increasing R&D investment to enhance technology levels and product quality, focusing on carbon reduction and solid waste resource utilization[5]. - The company anticipates stable growth in sales revenue from its water services business in 2024, driven by an increase in orders for new technologies[11]. - The company is exploring new business opportunities in the healthcare sector, particularly in the management of light-asset medical institutions[10]. Financial Position - As of December 31, 2023, the total cash and bank balance of the group was approximately HKD 2,061,000, compared to HKD 790,000 in 2022, indicating a significant increase[15]. - The total assets of the group were approximately HKD 40,574,000 as of December 31, 2023, up from HKD 34,879,000 in 2022, reflecting a growth of about 16.3%[15]. - The total liabilities of the group were approximately HKD 652,199,000 as of December 31, 2023, compared to HKD 610,795,000 in 2022, representing an increase of about 6.7%[15]. - The current ratio remained stable at 0.08 for both 2023 and 2022, indicating consistent liquidity challenges[15]. - The group's total borrowings were approximately HKD 217,341,000 as of December 31, 2023, slightly up from HKD 215,024,000 in 2022[15]. - The leverage ratio, defined as total debt to total assets, improved to 535.67% in 2023 from 616.49% in 2022, indicating a reduction in financial risk[15]. - The company reported a net current liability of approximately HKD 478,757,000 as of December 31, 2023, raising concerns about its ability to continue as a going concern[167]. - The financial conditions indicate significant uncertainty regarding the company's ability to continue as a going concern[200]. Corporate Governance - The company has adopted the corporate governance code and believes it has complied with all code provisions, ensuring effective management and operational transparency[38]. - The board of directors is responsible for business management and monitoring, with distinct roles for the chairman and CEO to enhance governance[39]. - The company is committed to maintaining high standards of corporate governance to create shareholder value and improve corporate image[37]. - The board consists of nine members, including three executive directors, three non-executive directors, and three independent non-executive directors[43]. - The company has achieved a target of at least 11.1% female representation on the board, which translates to one female director[54]. - The nomination committee is composed of four members, including the executive director as chairman and three independent non-executive directors[58]. - The company ensures compliance with listing rules by having at least three independent non-executive directors, with one possessing relevant financial expertise[44]. - The board's diversity policy considers various factors, including gender, age, cultural background, and professional experience[52]. - The company has established a process for the appointment and reappointment of directors, requiring all directors to retire at least every three years[47]. - The independent non-executive directors have confirmed their independence according to listing rules, ensuring the board's integrity[44]. Risk Management - The group has identified and assessed major operational risks regularly to implement appropriate risk responses[157]. - The internal control system is reviewed annually to ensure its effectiveness in safeguarding shareholder investments and company assets[69]. - The audit committee is responsible for reviewing the financial reporting system and internal control procedures to ensure they are adequate and effective[71]. Shareholder Relations - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance[90]. - Shareholders can propose independent resolutions at the annual general meeting to protect their rights[91]. - The company has a dedicated website for public access to the latest business developments and financial information[90]. - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting[93]. Employee and Workforce - The company has reduced its workforce to 45 employees as of December 31, 2023, down from 49 employees in 2022, reflecting ongoing adjustments in its operational strategy[14]. - The company has provided comprehensive training for newly appointed directors to ensure they understand their responsibilities under listing rules and regulations[63]. Miscellaneous - The company has made internal management improvements in line with the revised listing rules effective January 1, 2022[97]. - The company has not entered into any management contracts related to the management and administration of its business during the year[121]. - The company has not entered into any equity-linked agreements during the fiscal year ending December 31, 2023[131].

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 15,721,000, a decrease of 59.06% compared to HKD 38,400,000 in 2022[3] - The loss attributable to the company's owners increased by 72.54% to HKD 43,163,000 from HKD 25,016,000 in the previous year[3] - Gross profit for the year was HKD 6,526,000, down from HKD 13,610,000, reflecting a significant decline in profitability[5] - The total comprehensive loss for the year was HKD 37,851,000, significantly higher than HKD 10,915,000 in 2022[5] - The company reported a net loss of HKD 43,337,000 for the year ended December 31, 2023, compared to a net loss of HKD 25,023,000 in 2022, indicating a significant increase in losses[32] - The company reported a pre-tax loss of HKD 43,337,000 for the year ended December 31, 2023, compared to a pre-tax loss of HKD 25,023,000 in 2022, indicating a deterioration in financial performance[42] - The basic and diluted loss per share for the year ended December 31, 2023, was HKD 0.195, compared to HKD 0.114 for the previous year, reflecting an increase in losses per share[44] Financial Position - The company's total liabilities as of December 31, 2023, amounted to HKD 611,625,000, compared to HKD 575,916,000 in 2022, indicating a worsening financial position[10] - The net current liabilities increased to HKD 478,757,000 from HKD 399,468,000, raising concerns about liquidity[9] - The company has extended the repayment dates for various loans totaling approximately HKD 40,000,000 and USD 3,500,000, ensuring liquidity until at least July 2025[20] - The company has agreed not to require repayment of certain loans and convertible bonds totaling approximately HKD 4,611,000 and USD 2,300,000 before July 2025[20] - The company has not recognized any deferred tax assets due to the uncertainty surrounding future taxable profits, despite having tax losses available for offset[42] - Total liabilities as of December 31, 2023, amounted to HKD 611,625,000, indicating significant financial obligations that may impact the company's ongoing operations[51] Liquidity and Cash Flow - An investor has confirmed financial support of at least HKD 160,000,000 to ensure the company's operations for at least 15 months from March 31, 2024[15] - The company reported a basic and diluted loss per share of HKD 19.49, compared to HKD 11.42 in the previous year[7] - The company’s cash and cash equivalents increased to HKD 2,061,000 from HKD 790,000, indicating some improvement in liquidity[9] - The company plans to implement measures to improve liquidity and financial conditions, including cash flow forecasts[15] - Cost-saving measures will be implemented to maintain adequate cash flow for business operations[20] Revenue Sources - Revenue from wastewater treatment services accounted for the entire revenue of HKD 15,721,000 in 2023, down from HKD 38,400,000 in 2022[25] - The revenue from wastewater treatment services for the year ended December 31, 2023, was HKD 15,721,000, a decrease from HKD 38,400,000 in 2022, representing a decline of 59%[29] - Major customers contributed significantly to revenue, with Customer A generating HKD 3,132,000 in 2023, while Customer F, a major contributor in 2022, did not contribute in 2023[37] Segment Performance - The segment loss for wastewater treatment was HKD 14,917,000 for 2023, compared to a loss of HKD 11,753,000 in 2022, indicating a worsening performance[29] - The total assets reported for the wastewater treatment segment increased to HKD 37,833,000 in 2023 from HKD 33,381,000 in 2022, reflecting a growth of 13.8%[33] - The total liabilities for the wastewater treatment segment rose to HKD 413,353,000 in 2023, up from HKD 402,773,000 in 2022, an increase of 2.4%[33] Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring effective governance and compliance with regulations[71] - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2023, and found them satisfactory[75] - The company is committed to maintaining high standards of corporate governance to enhance shareholder value and meet increasing expectations from investors[70] - The financial reporting and compliance procedures have been reviewed and deemed effective by the audit committee[72] - The company aims to continuously improve its corporate governance standards and comply with regulatory requirements[74] - The audit committee has discussed risk management and internal controls with management, ensuring robust financial reporting practices[75] Future Outlook - The group anticipates stable growth in water service business sales revenue for 2024, driven by an increase in orders utilizing new technologies[56] - The group saw significant growth in new water service contract orders compared to 2022, with some orders already implemented and others to be executed in the next year[54] - The group applied for new patents for new technologies in the environmental protection sector, enhancing its market competitiveness[54]

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of HKD 7,820,000, a decrease of 71.5% compared to HKD 27,440,000 for the same period in 2022[6] - The gross profit for the same period was HKD 2,188,000, down 78.0% from HKD 9,975,000 in 2022[6] - The operating loss for the first half of 2023 was HKD 1,144,000, compared to an operating profit of HKD 3,642,000 in the previous year[6] - The net loss attributable to the company’s owners was HKD 14,888,000, an increase of 44.5% from HKD 10,299,000 in 2022[9] - The total comprehensive loss for the period was HKD 6,603,000, compared to a total comprehensive loss of HKD 1,601,000 in the same period last year[9] - The company incurred a loss of HKD 14,888,000 for the six months ended June 30, 2023, compared to a loss of HKD 10,432,000 for the same period in 2022, representing an increase in loss of 42.5%[30] - The company reported a basic and diluted loss per share of HKD 6.78 for the first half of 2023, compared to HKD 4.70 in the same period of 2022[9] - The total comprehensive income for the six months ended June 30, 2023, was HKD 8,501,000, compared to HKD 8,831,000 in the previous year[30] Assets and Liabilities - Non-current assets decreased to HKD 1,766,000 as of June 30, 2023, from HKD 2,045,000 at the end of 2022[11] - Current assets increased to HKD 34,792,000 from HKD 32,834,000 at the end of 2022[11] - Current liabilities slightly decreased to HKD 428,396,000 from HKD 432,302,000 at the end of 2022[11] - The company’s total equity attributable to equity holders decreased to HKD 102,891,000 as of June 30, 2023, from HKD 100,749,000 at the beginning of the year[15] - Total borrowings as of June 30, 2023, were HKD 149,426,000, slightly up from HKD 148,935,000 as of December 31, 2022[43] - The company recorded a provision for early termination claims of approximately HKD 170,752,000 as of June 30, 2023, compared to HKD 178,709,000 as of December 31, 2022[42] Cash Flow and Liquidity - The company’s cash and bank balances increased significantly to HKD 4,489,000 from HKD 790,000 at the end of 2022[11] - The cash and cash equivalents at the end of the period increased to HKD 4,489,000 from HKD 947,000, showing a significant improvement in liquidity[18] - The net cash used in operating activities for the six months ended June 30, 2023, was HKD 1,126,000, compared to a net cash inflow of HKD 498,000 in the same period of 2022[18] Segment Performance - The wastewater treatment segment generated revenue of HKD 7,820,000 but reported a loss of HKD 8,457,000, worsening from a loss of HKD 4,034,000 in the previous year[27] - The healthcare segment did not generate revenue in the current period but reported a profit of HKD 8,043,000 in the previous year[27] Shareholder Information - The company’s major shareholder, Mr. Xu Zhongping, holds 50,725,000 shares through Jun Tu International Holdings Limited, representing 22.72% of the issued shares[64] - As of June 30, 2023, the major shareholders include Jun Tu with 50,725,000 shares (22.72% of issued share capital) and Zhang Zi Hong with 33,980,000 shares (15.22% of issued share capital) [75] Share Options and Capital Raising - The company has a total of HKD 66,089,000 in liabilities related to convertible bonds as of December 31, 2022[51] - The company completed a share subscription of 4,200,000 shares at a price of HKD 0.6075 per share, raising approximately HKD 2,142,000[53] - The total number of share options available for issuance as of June 30, 2023, is 10,928,000, which could potentially raise HKD 5.464 million if fully exercised[74] Corporate Governance - The company has complied with the corporate governance code as per the listing rules, except for the specifics regarding the non-executive director service term [80] - The internal control system has been established to ensure the reliability of financial reporting and compliance with applicable laws and regulations [83] - The audit committee consists of three independent non-executive directors who reviewed the accounting principles and practices adopted by the group [85] Future Outlook - The company signed all new contracts in 2023 after March, indicating a recovery in business operations post-COVID-19[57] - The company expects significant growth in order numbers and contract amounts for the full year 2023 compared to the previous year[58] - The company is exploring opportunities in forest ownership, management, trading, and carbon sinks, in line with China's carbon peak and neutrality goals[58]

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。 CHINA ENVIRONMENTAL TECHNOLOGY HOLDINGS LIMITED 中國環保科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：646） 截至二零二三年六月三十日止六個月之 中期業績公告 中國環保科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核綜合業 績連同二零二二年同期之比較數字。 ...

Financial Performance - The company recorded revenue of approximately HKD 38.4 million for the year ended December 31, 2022, a decrease of about 13.92% compared to HKD 44.6 million in 2021[9]. - The loss attributable to the company's owners was approximately HKD 25.0 million, a reduction of about 53.49% from HKD 53.8 million in the previous year[9]. - The gross profit margin slightly decreased from 36.55% to 35.44% year-on-year[9]. - The company reported a net loss of HKD 25,023,000 for the year, significantly improved from a loss of HKD 53,644,000 in the previous year, indicating a reduction in losses by 53.3%[184]. - Basic and diluted loss per share for the year was HKD 11.42, compared to HKD 28.23 in 2021, showing a substantial improvement[187]. - The overall total comprehensive loss for the year was HKD 10,915,000, a notable decrease from HKD 58,483,000 in the prior year[187]. - The company incurred a net loss of HKD 53,787,000 during the year, compared to a loss of HKD 25,016,000 in the following year, reflecting a worsening of approximately 114%[192]. Business Strategy and Focus - The company decided to cease further investments in the healthcare sector and will focus resources on environmental protection business[11]. - The environmental protection industry in China had a revenue scale of approximately RMB 2.22 trillion in 2022, indicating ongoing opportunities for growth[12]. - The company plans to expand its traditional wastewater treatment business while seeking new opportunities in solid waste resource utilization[12]. - The company aims to strengthen its environmental industry presence and enhance its value creation for shareholders, customers, and society[14]. Governance and Management - The company has a strong governance structure, ensuring effective management and transparency to enhance shareholder value[38]. - The board of directors is responsible for formulating policies and strategies to create value for shareholders[39]. - The company has adopted the corporate governance code and believes it has complied with all relevant provisions[38]. - The management team has extensive experience in various industries, including military, automotive, construction, and environmental protection[35]. - The company is committed to maintaining high standards of corporate governance to meet the expectations of shareholders and investors[38]. - The independent non-executive directors bring significant expertise in environmental engineering and waste management[31][32]. - The company has a dedicated audit committee to oversee financial reporting and compliance[39]. - The management team includes professionals with strong backgrounds in finance and accounting, enhancing financial oversight[36]. - The company emphasizes the importance of effective governance practices to attract investment and protect shareholder rights[38]. - The board will continue to review its governance practices to improve standards and comply with regulatory requirements[38]. Financial Position and Assets - As of December 31, 2022, the total cash and bank balances of the group were approximately HKD 790,000, a decrease from HKD 1,108,000 in 2021[16]. - The total assets of the group were approximately HKD 34,879,000, down from HKD 50,741,000 in 2021, while total liabilities were approximately HKD 610,795,000, slightly reduced from HKD 615,818,000 in 2021[16]. - The current ratio as of December 31, 2022, was 0.08, compared to 0.09 in 2021, calculated based on current assets of approximately HKD 32,834,000 and current liabilities of approximately HKD 432,302,000[16]. - The group's borrowings amounted to approximately HKD 215,024,000, a slight increase from HKD 212,634,000 in 2021, with a leverage ratio of 616.49%, up from 419.06% in 2021[16]. - The group had current liabilities and total liabilities of approximately HKD 399,468,000 and HKD 575,916,000, respectively, as of December 31, 2022[168]. - The company’s total liabilities increased from HKD 565,077,000 to HKD 575,916,000, an increase of about 1.5%[191]. Employee and Workforce Management - The total number of employees decreased to 49 from 58 in the previous year, reflecting ongoing adjustments in workforce management[15]. - The group has a mandatory provident fund plan where both employer and employee contribute 5% of relevant income, capped at HKD 30,000 per month[149]. Shareholder and Board Information - The company has achieved a target of at least 12.5% female representation on the board, which translates to one female director[54]. - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[40]. - Major shareholders include Jun Tu International Holdings Limited and Shang Chui Limited, each holding 50,725,000 shares, accounting for 23.16% of the issued share capital[131]. - The company has not entered into any equity-linked agreements during the year ended December 31, 2022[130]. - The company has a process for shareholders to nominate candidates for the board of directors[96]. Audit and Compliance - The audit committee reviewed the consolidated financial statements for the year ended December 31, 2022, and found the accounting principles and practices satisfactory[75]. - The external auditor received a total fee of HKD 1,100,000 for audit services for the year ended December 31, 2022[76]. - The company has established a formal internal audit department to manage and oversee internal control procedures[69]. - The internal control system is reviewed annually to ensure its effectiveness in safeguarding shareholder investments and company assets[69]. - The company has provided comprehensive training for newly appointed directors to ensure they understand their responsibilities under listing rules and regulations[63]. Market and Operational Risks - The company’s management is actively monitoring market risks and liquidity risks to ensure operational stability[155][156]. - The company has a mechanism in place to handle significant transactions involving conflicts of interest among directors[79].

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。 CHINA ENVIRONMENTAL TECHNOLOGY HOLDINGS LIMITED 中國環保科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：646） 截至二零二二年十二月三十一日止年度之 全年業績公告 財務摘要 截至二零二二年 截至二零二一年 十二月三十一日 十二月三十一日 變動 止年度 止年度 百分比 千港元 千港元 % 收益 38,400 44,611 (13.92) 本公司擁有人應佔虧損 (25,016) (53,787) (53.49) 中國環保科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，本公司及其 附屬公司（「本集團」）截至二零二二年十二月三十一日止年度之經審核綜合年度業績 連同截至二零二一年十二月三十一日止年度之比較數字。 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 27,440,000, a decrease of 18.5% compared to HKD 33,654,000 in 2021[5] - Gross profit for the same period was HKD 9,975,000, down 14.4% from HKD 11,678,000 in 2021[5] - Operating profit for the six months was HKD 3,642,000, a significant improvement from an operating loss of HKD 6,832,000 in the previous year[5] - The net loss for the period was HKD 10,432,000, reduced from HKD 18,514,000 in 2021, indicating a 43.5% improvement[5] - Total comprehensive loss for the period was HKD 1,601,000, compared to HKD 20,124,000 in the same period last year, reflecting a substantial decrease of 92.0%[5] - For the six months ended June 30, 2022, the company reported a revenue of HKD 27,440,000 from wastewater treatment, a decrease of 17.5% compared to HKD 33,392,000 in the same period of 2021[26] - The company recorded a net loss of HKD 10,432,000 for the six months ended June 30, 2022, an improvement from a net loss of HKD 18,514,000 in the same period of 2021, representing a 43.5% reduction in losses[29] - The company reported a pre-tax loss of HKD 10,299,000 for the six months ended June 30, 2022, compared to a loss of HKD 18,384,000 for the same period in 2021, indicating a 44.8% improvement in loss[35] - Loss attributable to owners of the company reduced to approximately HKD 10,299,000, down from HKD 18,384,000 in the same period last year[56] Assets and Liabilities - Non-current assets decreased to HKD 2,720,000 as of June 30, 2022, from HKD 3,498,000 at the end of 2021[10] - Current assets decreased to HKD 38,563,000 from HKD 47,243,000, indicating a decline of 18.4%[10] - Current liabilities were HKD 439,060,000, down from HKD 576,986,000, showing a reduction of 23.9%[10] - The total assets of the company as of June 30, 2022, were approximately HKD 41,283,000, down from HKD 50,741,000 as of December 31, 2021[60] - The company recorded a total of HKD 384,900,000 in trade and other payables as of June 30, 2022, a decrease of 2.3% from HKD 393,636,000 as of December 31, 2021[41] - The company’s trade payables decreased to HKD 35,275,000 as of June 30, 2022, from HKD 40,657,000 as of December 31, 2021, representing a decline of 13.2%[41] Cash Flow and Liquidity - The cash and cash equivalents at the end of June 30, 2022, decreased to HKD 947,000 from HKD 8,749,000 at the end of June 30, 2021, indicating a significant decline in liquidity[17] - The company generated a net cash inflow of HKD 498,000 from operating activities for the six months ended June 30, 2022, a decrease of 91.9% compared to HKD 6,121,000 in the same period of 2021[17] - The company’s financing activities resulted in a net cash outflow of HKD 650,000 for the six months ended June 30, 2022, compared to a net cash inflow of HKD 1,095,000 in the same period of 2021[17] Segment Performance - The health-related products and services segment reported a profit of HKD 9,213,000 for the six months ended June 30, 2022, compared to a loss of HKD 2,727,000 in the same period of 2021[26] - The company reported a segment loss of HKD 4,034,000 from wastewater treatment for the six months ended June 30, 2022, compared to a loss of HKD 2,657,000 in the same period of 2021[26] Shareholder Information - The company has a total of 1,000,000,000 shares authorized, with 219,018,000 shares issued and fully paid as of June 30, 2022[52] - Major shareholders include Jun Tu International Holdings Limited, holding 50,725,000 shares, which is 23.16% of the issued share capital[74] - As of June 30, 2022, there were no other individuals with interests in the company's shares, apart from those disclosed[75] Corporate Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules, except for the provision A.4.1 regarding the term of non-executive directors[79] - The board is responsible for maintaining adequate internal control systems to protect shareholder investments and company assets, with annual reviews supported by the audit committee[80] - The internal audit department was established in 2019 to manage and oversee internal control procedures, ensuring compliance and risk management[80] - The audit committee consists of three independent non-executive directors and has reviewed the accounting principles and practices adopted by the group[83] Future Outlook - The company plans to focus all resources on environmental protection business after selling its healthcare business subsidiary[57] - The company aims to strengthen its core areas and key projects in the second half of the year to seek new business opportunities[57] - The company faced significant challenges in the environmental protection industry due to the ongoing impact of the pandemic[57]

Financial Performance - The company recorded revenue of approximately HKD 44,611,000 for the year ended December 31, 2021, a decrease of about 16.61% compared to HKD 53,500,000 in 2020[9]. - The loss attributable to the owners of the company was approximately HKD 53,787,000, a reduction of about 20.96% from HKD 68,051,000 in the previous year[9]. - The gross profit margin increased significantly from 32.48% in 2020 to 36.55% in 2021[9]. - The total comprehensive loss for the year was HKD 58,483,000, compared to HKD 74,153,000 in 2020, showing a decrease of 21.1%[187]. - The net loss for the year was HKD 53,644,000, a decrease from HKD 68,163,000 in 2020, representing a 21.3% improvement[187]. - The operating loss for 2021 was HKD 28,122,000, an improvement from a loss of HKD 35,647,000 in 2020, indicating a reduction in operational losses[187]. - The financing costs decreased to HKD 25,390,000 from HKD 32,516,000, reflecting a 21.7% reduction year-over-year[187]. - The basic and diluted loss per share improved to HKD 28.23 from HKD 37.28, indicating a 24.5% reduction in loss per share[189]. - The company reported a loss before tax of HKD 53,512,000, an improvement from a loss of HKD 68,163,000 in the previous year, reflecting a reduction of approximately 21.5%[197]. Assets and Liabilities - The total assets of the group were approximately HKD 50,741,000 as of December 31, 2021, down from HKD 75,570,000 in 2020, indicating a decline of approximately 32.9%[19]. - The group had current liabilities and total liabilities of approximately HKD 469,743,000 and HKD 565,077,000, respectively, indicating significant uncertainty regarding the group's ability to continue as a going concern[170]. - The total liabilities increased from HKD 537,681,000 to HKD 565,077,000, an increase of approximately 5.1%[193]. - The current ratio as of December 31, 2021, was 0.09, a decrease from 0.13 in 2020, reflecting a worsening liquidity position[19]. - The debt-to-asset ratio increased significantly to 419.06% in 2021 from 268.85% in 2020, indicating a higher level of financial leverage[19]. - The group had no receivables pledged as collateral for bank loans as of December 31, 2021, compared to HKD 8,456,000 in 2020[20]. - Cash and cash equivalents at year-end decreased from HKD 1,194,000 to HKD 1,108,000, a decline of about 7.2%[200]. - Trade and other receivables and contract assets amounted to approximately HKD 23,689,000 and HKD 5,092,000 respectively as of December 31, 2021, both significant figures in the financial statements[177]. - Total assets decreased from HKD 70,963,000 to HKD 47,243,000, a decline of approximately 33.7% year-over-year[192]. Corporate Governance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules Appendix 14, ensuring compliance with all code provisions during the year[42]. - The board emphasizes the importance of effective corporate governance to enhance shareholder value and maintain rights of shareholders and stakeholders[42]. - The company is committed to high standards of corporate governance, continuously reviewing its governance practices to meet regulatory requirements and shareholder expectations[42]. - The board consists of independent non-executive directors with extensive experience in finance and management, contributing to effective oversight[35][36]. - The company has a strong management team with over 30 years of experience in various industries, including environmental protection and engineering[38][39]. - The company has received annual confirmations of independence from all independent non-executive directors as required by listing rules[47]. - The company aims for board diversity, considering factors such as gender, age, cultural background, and professional experience[55]. - The nomination committee is responsible for reviewing the board's structure and recommending changes as necessary[62]. - The company has established a policy for board member diversity to support sustainable development and strategic goals[53]. Operational Developments - The company signed 10 new wastewater treatment projects and completed the engineering delivery of 8 projects during the year[10]. - The company obtained 14 utility model patents and applied for 9 new patents, including 3 invention patents, during the year[10]. - Future focus will be on expanding the wastewater treatment business and enhancing brand and market pipeline construction[13]. - The company plans to leverage the newly acquired Cambodia Zhongsheng Biological Research Co., Ltd. as a platform for growth in cell storage and cold chain logistics[14]. - The company aims to optimize resource allocation and align with the national 14th Five-Year Plan to drive economic development and shareholder value[15]. Employee and Compensation - The workforce decreased to 58 employees from 70 in the previous year, with a review of compensation policies conducted annually[16]. - The remuneration committee consists of three independent non-executive directors, focusing on the compensation policies and structures for executive directors and senior management[69]. - The company has established a formal and transparent procedure for determining the remuneration of senior management[91]. Shareholder Information - The largest customer accounted for 27.70% of total sales, while the top five customers together represented 73.44% of total sales for the fiscal year[107]. - The largest supplier contributed 35.86% to total purchases, with the top five suppliers accounting for 73.13% of total purchases[107]. - No dividends were recommended for the year ended December 31, 2021, consistent with the previous year[109]. - The company has no distributable reserves available for distribution to owners as of December 31, 2021[113]. - Major shareholder Jun Tu International Holdings Limited holds 50,725,000 shares, accounting for 23.16% of the company's issued share capital[134]. - Zhang Zihong holds 36,500,000 shares, representing 16.67% of the company's issued share capital[134]. Compliance and Risk Management - The group has complied with relevant laws and regulations without any serious violations during the year[149]. - The group has no contingent liabilities as of December 31, 2021[147]. - The company has no insurance arrangements for potential legal actions against its directors, believing the risk is manageable[101]. - The company has implemented a comprehensive internal control system to safeguard shareholder investments and company assets[73].

1 中期報告 2021 目錄 | 公司資料 | 2 | | --- | --- | | 中期業績 | | | 簡明綜合全面收益表 | 3 | | 簡明綜合財務狀況表 | 5 | | 簡明綜合權益變動表 | 7 | | 簡明綜合現金流量表 | 8 | | 簡明綜合財務報表附註 | 9 | | 管理層討論及分析 | | | 業績 | 21 | | 業務回顧及未來展望 | 21 | | 流動資金 | 22 | | 外匯風險 | 22 | | 僱員及薪酬政策 | 22 | | 額外資料 | | | 董事及高級行政人員於股份及相關股份之權益 | 23 | | 購股權計劃 | 24 | | 主要股東於股份之權益 | 26 | | 期間主要事件 | 27 | | 報告期後的事件 | 27 | | 購買、贖回或出售本公司之上市證券 | 27 | | 企業管治 | 27 | | 內部監控 | 28 | | 證券交易之標準守則 | 28 | | 審核委員會 | 28 | 中國環保科技控股有限公司 公司資料 獨立非執行董事： 謝志偉先生 朱南文教授 李軍教授 審核委員會 謝志偉先生 （主席） 朱南文教授 李軍教授 薪酬委員會 謝志 ...

目 錄 許京平先生 （主席） （於二零二零年十二月二十三日獲委任） 楊保東先生 胡玥玥女士 非執行董事： 許中平先生 （於二零二零年十二月二十三日，由執行董事兼公司主 席重新任命為非執行董事） 馬天福先生 獨立非執行董事： 謝志偉先生 朱南文教授 李軍教授 2 公司資料 3 主席報告 4 管理層討論及分析 9 董事與高級管理人員之履歷詳情 14 企業管治報告 27 董事會報告 38 獨立核數師報告 44 綜合損益及其他全面收益表 46 綜合財務狀況表 48 綜合權益變動表 49 綜合現金流量表 51 綜合財務報表附註 117 五年財務概要 公司資料 董事會 執行董事： 審核委員會 謝志偉先生 （主席） 朱南文教授 李軍教授 薪酬委員會 謝志偉先生 （主席） 朱南文教授 李軍教授 提名委員會 許京平先生 （主席） （於二零二零年十二月二十三日獲委任） 謝志偉先生 朱南文教授 李軍教授 公司秘書 李宏興先生 獨立核數師 中匯安達會計師事務所有限公司 執業會計師 法律顧問 Conyers Dill & Pearman 股份過戶登記總處 Tricor Services (Cayman Islands) Limited ...