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 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 HUSCOKE HOLDINGS LIMITED 和嘉控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：704） 經審核年度業績公告 截至二零二五年三月三十一日止年度 業績摘要 1 • 截至二零二五年三月三十一日止年度的虧損為29,487,000港元。 • 本公司擁有人應佔虧損為29,484,000港元。 • 每股基本虧損為0.10港元。 • 於二零二五年三月三十一日，資產淨額達1,041,190,000港元。 • 每股淨資產為3.59港元。 和嘉控股有限公司（「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」）截至二零二五年三月三十一日止年度之經審核綜 合業績連同截至二零二四年三月三十一日止上一財政年度（「本報告期」）之相 關經審核比較數字如下： 綜合損益及全面收益表 截至二零二五年三月三十一日止年度 | | | 截至 | 截至 | | --- | -- ...

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 34,436,000, a slight increase from HKD 34,391,000 in the same period last year[2]. - The gross profit for the same period was HKD 9,978,000, down from HKD 11,270,000, indicating a decrease of approximately 11.4% year-over-year[2]. - The company incurred a loss before tax of HKD 15,974,000, an improvement compared to a loss of HKD 21,768,000 in the previous year, representing a reduction of about 26.0%[2]. - Total comprehensive loss for the period was HKD 10,971,000, significantly better than the HKD 99,378,000 loss reported in the prior year[9]. - The net loss attributable to the company's owners was HKD 15,973,000, compared to HKD 21,763,000 in the previous period, reflecting a decrease of approximately 26.0%[25]. - The adjusted pre-tax loss for the period was HKD 15,974,000, compared to a loss of HKD 21,768,000 for the same period in 2023[36][41]. - The basic loss per share for the six months ended September 30, 2024, was HKD 5.50, an improvement from HKD 7.49 in the same period last year[53]. - The company reported a loss attributable to equity holders of HKD 15,973,000 for the six months ended September 30, 2024, compared to a loss of HKD 21,763,000 in the same period last year[53]. - The group recorded a loss of approximately HKD 15,974,000 for the reporting period, a decrease from HKD 21,768,000 in the previous period[82]. Assets and Liabilities - As of September 30, 2024, the total non-current assets amounted to HKD 1,724,211,000, an increase from HKD 1,688,844,000 as of March 31, 2024[20]. - Current liabilities totaled HKD 505,192,000, up from HKD 475,432,000, indicating an increase of about 6.0%[20]. - The company's net current liabilities stood at HKD 355,257,000, compared to HKD 337,091,000 in the previous period, showing a slight increase[20]. - The total equity attributable to the company's owners was HKD 923,973,000, a marginal increase from HKD 916,613,000 as of March 31, 2024[22]. - The group’s total assets as of September 30, 2024, amounted to HKD 1,874,146,000, with liabilities of HKD 778,112,000[40]. - Trade receivables as of September 30, 2024, amounted to HKD 10,703,000, significantly up from HKD 975,000 as of March 31, 2024[59]. - As of September 30, 2024, the group's cash and bank balances were approximately HKD 704,000, down from HKD 2,448,000 as of March 31, 2024[90]. - The group's leverage ratio remained stable at 45% as of September 30, 2024, unchanged from March 31, 2024[87]. Operational Highlights - The group reported total revenue of HKD 34,436,000 for the six months ended September 30, 2024, with no sales from related subsidiaries or coke production[36]. - The group’s coal trading segment generated revenue of HKD 34,436,000, with a segment profit of HKD 45,000[36]. - The company recorded total revenue of approximately HKD 34,436,000 for the reporting period, compared to zero in the previous year, primarily from the coke processing trade business[70]. - The company is actively pursuing processing trade arrangements and expanding related business despite challenges in the steel industry due to weak demand in the Chinese economy[66]. - The company anticipates that recent government policies in China will stabilize the market for steel and other commodities, potentially revitalizing the coke market[67]. - The company plans to optimize its processing trade operations and seek new profit growth points in response to the macroeconomic environment[69]. Expenses - Interest expenses for the six months ended September 30, 2024, totaled HKD 17,653,000, compared to HKD 15,560,000 in the same period last year[46]. - The group’s employee benefits expenses totaled HKD 4,031,000 for the period, a decrease from HKD 4,649,000 in the previous year[46]. - Management expenses for the reporting period were approximately HKD 8,345,000, a decrease from HKD 17,751,000 in the previous period[80]. - Financial expenses increased to approximately HKD 17,653,000 from HKD 15,560,000 in the previous period, primarily due to compounded interest expenses[81]. - The group recorded a gross profit of approximately HKD 45,000 during the reporting period, compared to no gross profit in the previous period due to no revenue generated[71][75]. - The overall gross margin for the reporting period was 0.1%[72]. Governance and Compliance - The company has faced significant uncertainty regarding its ability to continue as a going concern due to ongoing financial obligations and creditor claims[25]. - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2024, but these did not significantly impact the financial statements[28]. - The group has not applied new financial reporting standards that have been issued but are not yet effective, and their potential impact is still under evaluation[28]. - The audit committee has reviewed the unaudited condensed interim results for the reporting period[104]. - The company has complied with the corporate governance code during the reporting period, except as disclosed[105]. - The board of directors has determined that the roles of chairman and CEO will remain combined for effective leadership and decision-making[108]. - All directors have confirmed compliance with the standard code of conduct for securities transactions during the reporting period[109]. Shareholder Engagement - The company did not recommend any interim dividend for the six months ended September 30, 2024, consistent with the previous year[50]. - The interim results announcement and the mid-term report for 2024/25 will be published on the Hong Kong Stock Exchange and the company's website[110]. - The company encourages shareholders to opt for electronic receipt of shareholder documents to promote environmental sustainability[112]. - The board expresses gratitude to shareholders, business partners, customers, suppliers, and banks for their support and contributions[113]. Legal and Settlement Matters - The company is currently in friendly negotiations with the petitioners regarding the liquidation petition and has reached a preliminary consensus on a settlement plan[102]. - The group had no significant acquisitions or disposals during the six months ending September 30, 2024[83]. - The group had no pledged assets as of September 30, 2024, consistent with the previous reporting date[85].

Financial Position - The company has reported a total amount of approximately HKD 170 million in trade receivables and prepayments as of March 31, 2024, with a provision of 20% leading to a net amount of approximately HKD 135 million, representing about 12% of the company's net assets [17]. Audit Issues - The company is currently in communication with its auditor regarding the annual audit, which has been delayed due to unresolved audit opinions on the recoverability of certain receivables and going concern issues [6]. - The auditor has suspended the audit work due to concerns over unpaid audit fees, which may affect the independence of the audit report [11]. - The expected date for the publication of the annual performance announcement is still under discussion with the auditor [7]. - The company has not disclosed any other audit-related issues that would cause further delays in the annual performance announcement [19]. Legal Matters - The company has taken legal measures to recover payments from Energy Technology, which is required to refund USD 10.7 million and RMB 78,182,985 as per a civil ruling [12]. - Energy Technology has indicated it will ensure refunds are made by July 10, 2024, which will help the company secure sufficient cash flow to cover audit costs [12]. Governance - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure [21]. Performance Announcement - The company aims to publish its annual performance announcement as soon as it can recover the receivables and pay the audit fees [18]. - The company has completed the preparation of its consolidated financial statements and provided all necessary materials for the audit [18].

Financial Performance - The loss for the year ended March 31, 2024, was HKD 35,528,000, with a loss attributable to shareholders of HKD 35,521,000[6]. - The basic loss per share was HKD 0.12, compared to a profit of HKD 4.35 per share in the previous year[11]. - Total comprehensive income for the year was a loss of HKD 104,408,000, compared to a total income of HKD 1,155,264,000 in the previous year[8]. - The group recorded a pre-tax loss of HKD 35,528,000 for the period[59]. - The company reported a post-tax loss of approximately HKD 35,528,000, a stark contrast to a post-tax profit of HKD 1,248,861,000 in the previous period[101]. - The company reported a net loss of 1,562,156,000 HKD from the sale of subsidiaries, highlighting challenges in divestiture strategies[70]. Assets and Liabilities - As of March 31, 2024, the net assets amounted to HKD 1,085,274,000, with a net asset value per share of HKD 3.74[6]. - Non-current assets totaled HKD 1,688,844,000, while current assets amounted to HKD 138,341,000[13][15]. - Current liabilities net amount was HKD (326,413,000), compared to HKD (226,939,000) in the previous year[17]. - Total assets decreased to 1,362,431 million HKD from 1,553,482 million HKD[32]. - Total liabilities amounted to HKD 721,104,000, with no significant changes reported[61]. - The total liabilities as of March 31, 2023, were recorded at 1,776,167,000 HKD, showing a decrease compared to the previous period[70]. Revenue and Income Sources - Total revenue for the group was HKD 2,403,000, with all sales coming from external sources[59]. - Revenue from external customers was primarily sourced from China, with significant income reported[45]. - Other income and gains netted 22,416 million HKD, while total income for the previous period was 340,605 million HKD[49]. - Revenue from coke trading for the current reporting period was approximately HKD 2,403,000, while the group had no revenue from coke trading in the previous reporting period[125]. - The group recorded a significant decrease in coal-related subsidiary revenue, which was approximately HKD 34,726,000 in the previous reporting period, resulting in a loss of approximately HKD 64,141,000[125]. Business Operations - The group engaged in businesses including coke trading, coal-related subsidiaries, and coke production[20]. - The company has not generated income from new operating assets, which has a substantial impact on operations[54]. - The company is actively pursuing new product development and technological advancements to enhance its competitive edge in the market[70]. - The company is actively exploring downstream new energy, new materials, and energy-saving environmental protection sectors to capture sustainable development opportunities arising from China's green transformation[164]. Financial Management and Strategy - The company’s capital management aims to ensure sustainable operations and maintain a healthy capital ratio to support business operations and maximize shareholder value[129]. - The company’s financial instruments primarily consist of other borrowings to raise funds necessary for its operations[130]. - The company plans to adjust its dividend policy or issue new shares to maintain an optimal capital structure[188]. - The company’s management expenses were reported at HKD (114,007,000) for the period[61]. Risk Management - The company is focused on risk management, particularly in currency and interest rate risks, and maintains a cautious financing policy[138]. - The company will continue to monitor economic conditions and foreign exchange risks, considering appropriate hedging measures as necessary[160]. - The company is committed to maintaining effective risk management and internal control systems to safeguard assets and ensure compliance with relevant regulations[197]. Employee and Operational Changes - Employee benefits expenses totaled HKD 10,261,000 for the period, a decrease from HKD 38,818,000 in the previous period[66]. - As of March 31, 2024, the group has 15 employees, with 14 based in Hong Kong, reflecting a significant reduction in workforce costs following the sale of subsidiaries[162]. - The company has not disclosed any new product or technology developments in the current reporting period[59]. Future Outlook - The company anticipates a positive outlook for the upcoming fiscal year, driven by strategic initiatives and market expansion efforts[70]. - The company anticipates that the coking assets will officially commence production in the next fiscal year, contingent on the completion of necessary infrastructure[99]. - The company acknowledges the support of shareholders, business partners, customers, suppliers, and banking institutions[183].

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HK$3,000 (compared to HK$15,662,000 for the six months ended June 30, 2022), indicating a significant decline in revenue[10]. - The cost of sales for the reporting period was HK$131,530,000, resulting in a gross loss of HK$115,868,000[10]. - Other income and gains for the period amounted to HK$11,543,000, a decrease from HK$187,185,000 in the previous period[10]. - The company incurred a loss before tax of HK$21,768,000, an improvement compared to a loss of HK$35,103,000 for the same period last year[10]. - Total comprehensive loss for the period was HK$99,378,000, compared to HK$31,056,000 in the previous period[12]. - The loss attributable to owners of the company was HK$21,763,000, compared to HK$31,370,000 in the prior period[12]. - The company reported finance costs of HK$15,560,000, down from HK$52,534,000 in the previous period, indicating a reduction in financial expenses[10]. - Total comprehensive loss for the six months ended September 30, 2023, was HK$99,378,000, compared to HK$31,056,000 for the same period in 2022, representing an increase of 220%[14]. - Loss per share attributable to ordinary equity holders for the period was HK7.49 cents, an improvement from HK10.93 cents in the previous year[14]. - The Group incurred a loss attributable to owners of HK$21,763,000 for the six months ended 30 September 2023[30]. - The Group recorded a loss for the period of approximately HK$21,768,000, a decrease from HK$35,103,000 in the previous period[184]. Assets and Liabilities - Total non-current assets decreased to HK$1,675,728,000 as of September 30, 2023, down from HK$1,780,421,000 as of March 31, 2023, reflecting a decline of 5.9%[17]. - Current liabilities increased to HK$370,382,000 as of September 30, 2023, compared to HK$356,604,000 as of March 31, 2023, indicating a rise of 3.9%[17]. - Net assets decreased to HK$1,090,304,000 as of September 30, 2023, down from HK$1,188,982,000 as of March 31, 2023, a decline of 8.3%[19]. - The company reported a total equity of HK$1,090,304,000 as of September 30, 2023, compared to HK$1,188,982,000 as of March 31, 2023, reflecting a decrease of 8.3%[19]. - Cash and bank balances decreased to HK$487,000 as of September 30, 2023, from HK$601,000 as of March 31, 2023, a decline of 19%[17]. - Other payables, accruals, and deposits received increased to HK$78,890,000 as of September 30, 2023, compared to HK$59,199,000 as of March 31, 2023, an increase of 33.3%[17]. - As of September 30, 2023, the Group had net current liabilities of HK$240,793,000[30]. - The group reported other payables and accrued charges of HK$135,304,000 as of September 30, 2023, up from HK$117,703,000 as of March 31, 2023[130]. - The group’s unsecured other borrowings amounted to HK$218,188,000 as of September 30, 2023, unchanged from March 31, 2023[134]. Cash Flow - Net cash flows used in operating activities were HK$4,146,000, compared to a generation of HK$1,612,000 in the previous period[25]. - Net cash flows generated from investing activities were HK$271,000, while the previous period saw a cash outflow of HK$64,000[25]. - Net cash flows generated from financing activities were HK$447,000, compared to a cash outflow of HK$2,205,000 in the previous period[25]. - Cash and cash equivalents decreased by HK$3,428,000, compared to a decrease of HK$657,000 in the previous period[25]. - Cash and cash equivalents at 30 September 2023 were HK$487,000, down from HK$7,182,000 at 30 June 2022[25]. Operational Updates - The company has not provided specific guidance for future performance or new product developments in the current report[8]. - There were no significant updates on market expansion or mergers and acquisitions mentioned during the conference call[8]. - The company is expected to resume coke production once the construction of supporting facilities is completed, which is being expedited by Energy Technology[157]. - The company anticipates that government economic stimulus measures will improve the macroeconomic environment, potentially boosting coke demand in the second half of the year[158]. - The company is exploring transitional operating arrangements to meet short-term customer demand until the coking furnace assets are operational[159]. - The Coke Trading Segment did not generate any revenue during the Reporting Period, continuing a trend of no segment results since the suspension of coke trading business in 2021[170]. - The Coal-related Ancillary Segment also reported no external sales during the Reporting Period, compared to HK$15,662,000 in the Previous Period, due to the disposal of GRG Huscoke[172]. - The company is focused on resuming its coke production business to generate sustainable operating income and cash flow in the future[159]. Cost Management - The company reported finance costs of HK$15,560,000, down from HK$52,534,000 in the previous period, indicating a reduction in financial expenses[10]. - Total employee benefit expenses decreased to HK$4,649,000 for the six months ended 30 September 2023, down from HK$12,407,000 in the same period last year, indicating a reduction of 62.5%[78]. - The Group's loss before tax was impacted by a significant reduction in finance costs and employee benefit expenses, indicating a strategic focus on cost management[77]. - Administrative expenses decreased to approximately HK$17,751,000 from HK$53,231,000 in the previous period, aligning with the decrease in revenue[182]. Shareholder Information - The company did not recommend any interim dividend for the six months ended 30 September 2023, consistent with the previous period[83]. - The weighted average number of ordinary shares in issue increased to 290,373,235 for the six months ended 30 September 2023, up from 287,071,349 in the previous period[89]. - As of September 30, 2023, the company issued and fully paid 290,373,235 ordinary shares, an increase from 287,071,349 shares as of March 31, 2023, representing a growth of approximately 1%[137]. - The company issued 3,301,886 ordinary shares at an issue price of HK$0.212 per share to settle part of the professional fees of the financial adviser[138]. - The company has no outstanding share options as the Share Option Scheme expired on March 28, 2023, prior to the reporting period[146]. Strategic Developments - The company intends to acquire a controlling shareholding stake of more than 50% in Energy Technology as per the New Framework Agreement[100]. - The M&A Framework Agreement allows the company to hold more than 50% of the enlarged share capital in Energy Technology upon completion of the transactions[106]. - A cooperation agreement was signed for the construction of a new coking furnace with an annual production capacity of at least 600,000 tons, with a total investment of approximately RMB 600,000,000[110]. - Energy Technology will transfer not less than 90% of the equity interests of a target company, which owns two coking furnaces with a combined annual production capacity of not less than 1,200,000 tons, as compensation for an incident[114].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對 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。 HUSCOKE HOLDINGS LIMITED 和嘉控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：704） 中 期 業 績 公 告 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 和嘉控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬 公司（統稱「本集團」）截至二零二三年九月三十日止六個月（「本報告期間」） 之未經審核簡明綜合中期業績連同截至二零二二年六月三十日止六個月 之比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至 截至 二零二三年 二零二二年 九月三十日 六月三十日 止六個月 止六個月 （未經審核） （未經審核） ...

Production Capacity and Operations - The company shut down two coking furnaces with an annual production capacity of 600,000 tons of coke due to national environmental policy requirements, resulting in no coke production during the reporting period[13]. - The company has engaged Shanxi Jinyan Energy Technology Company Limited to construct a new coking furnace with a capacity of 600,000 tons, leading to an overall annual production capacity of 1,200,000 tons after the completion of new assets[20]. - The new coking furnace assets will enhance the company's competitive advantages in output, quality, and pricing, significantly improving overall productivity and operating performance[21]. - The company has increased its annual coke production capacity to 1,200,000 tons, more than doubling the original production scale[21]. - The Group's new coking furnace assets have a designed annual capacity of at least 1,200,000 tons of coke, 65,000 tons of coal tar, 15,000 tons of crude benzene, and 15,000 tons of ammonium sulfate[117]. - The company aims for full operation of new coking furnace assets with an annual capacity of at least 1,200,000 tons of coke, 65,000 tons of coal tar, 15,000 tons of crude benzene, and 15,000 tons of ammonium sulfate[162]. Financial Performance - The Group's total revenue for the fifteen months ended March 31, 2023, was approximately HK$34,726,000, a significant decrease from approximately HK$866,602,000 in the previous reporting period[26]. - The gross loss for this reporting period amounted to approximately HK$90,912,000, resulting in a gross loss margin of approximately 261.8%, compared to a gross profit margin of approximately 13.00% in the previous reporting period[26]. - Profit after tax for this reporting period was approximately HK$1,248,861,000, a turnaround from a loss after tax of approximately HK$31,182,000 in the previous reporting period[26]. - The Group's profit before tax for this reporting period was approximately HK$1,636,678,000, a significant improvement from a loss before tax of approximately HK$21,513,000 in the previous reporting period[42]. - The Group reported a profit before tax of approximately HK$1,636,678,000 for the reporting period, compared to a loss of approximately HK$21,513,000 in the previous period, primarily due to significant transactions and asset disposals[45]. Share Trading and Corporate Actions - Trading of the company's shares resumed on April 14, 2023, after satisfying all resumption guidance from the Stock Exchange[22]. - The company completed the VST and VSD processes on January 18, 2023, and March 30, 2023, respectively, marking a significant step in resuming operations[21]. - The company entered into a Disposal Agreement on July 26, 2022, to dispose of entities involved in the Incident, streamlining its operations[20]. - The Group completed a very substantial transaction involving the transfer of 90% equity interests in Energy Jiarun, which holds target assets with an expected annual production capacity of 1,200,000 tons of coke, to Shanxi Huscoke International Energy Co., Ltd[48]. - The Group disposed of Joy Wisdom International Limited and its subsidiaries for a cash consideration of HK$1, with the loan owed by the Disposal Company amounting to HK$643,185,000 as of June 30, 2022[51]. Liquidity and Financial Position - As of 31 March 2023, the Group's equity attributable to owners amounted to approximately HK$1,011,367,000, a significant recovery from a deficit of approximately HK$144,233,000 as of 31 December 2021[66]. - The net assets per share as of 31 March 2023 was HK$4.14, compared to net liabilities per share of HK$0.55 as of 31 December 2021[70]. - The Group's gearing ratio improved to 42% as of 31 March 2023, down from 107% as of 31 December 2021[65]. - As of 31 March 2023, the Group's net current liabilities were approximately HK$226,939,000, significantly reduced from approximately HK$1,699,654,000 as of 31 December 2021[67]. - The current ratio improved to 0.36 as of 31 March 2023, compared to 0.28 as of 31 December 2021[67]. Management and Governance - The board of directors includes Mr. Zhao Xu Guang as Chairman and CEO, and Mr. Wang Yijun as an Executive Director[197]. - The board of directors will retire by rotation at the forthcoming AGM, with eligible members offering themselves for re-election[197]. - The Audit Committee supports Management's action plans to address the disclaimer of opinion and the Group's ability to continue as a going concern[80]. - Management has made provisions for bad debts based on the degree of default of the receivables[79]. Market Conditions and Future Outlook - The Chinese government is expected to introduce various growth stabilizing measures in 2023, which may support economic recovery[112]. - Domestic coke inventory is currently low, and market demand is expected to rebound, indicating a potential recovery in the coke market[112]. - The past few years' supply-side reforms have effectively controlled the supply of the coke market, improving coke price stability[112]. - Significant increases in domestic production and import of coking coal are expected to enhance the bargaining power of coke enterprises, maintaining stable profitability[112]. - The Group expects stable income and profit generation from its coke production business in the future[117]. Environmental and Safety Considerations - The management prioritizes environmental protection and may invest in upgrading equipment to meet domestic environmental standards[156]. - The Group's operations involve handling hazardous materials, which poses safety risks including potential fires and explosions[157]. - Stringent safety management policies and training programs are being implemented to enhance safety awareness among employees[158]. - The group is committed to improving production equipment and auxiliary facilities to meet higher environmental standards in response to government policies[163]. Employee Relations and Corporate Social Responsibility - The company is focused on enhancing employee satisfaction through competitive remuneration and career development opportunities[171]. - The group maintains harmonious relationships with stakeholders, including customers, suppliers, and employees[168]. Dividend Policy and Shareholder Returns - The company does not recommend the payment of a final dividend for the fifteen months ended March 31, 2023, consistent with the previous year[191]. - The company has not declared any dividends since 2021, indicating a focus on retaining earnings for growth[194]. - The company’s dividend policy aims to maintain an equitable balance between returns to shareholders and sustaining growth investments[192].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 HUSCOKE HOLDINGS LIMITED 和嘉控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：704） 業績公告 截至二零二三年三月三十一日止十五個月 業績摘要 • 截至二零二三年三月三十一日止十五個月的溢利為1,248,861千港元。 • 本公司擁有人應佔溢利為1,250,165千港元。 • 每股基本盈利為4.35港元。 • 於二零二三年三月三十一日，資產淨額達1,188,982千港元。 • 每股淨資產為4.14港元。 ...

Financial Performance - Total revenue for the year ended December 31, 2021, was HKD 866,602,000, a decrease of 26.4% from HKD 1,176,982,000 in 2020[3]. - Gross profit for the year was HKD 112,734,000, down 11.2% from HKD 126,890,000 in the previous year[3]. - The company reported a loss before tax of HKD 21,513,000, significantly improved from a loss of HKD 527,533,000 in 2020[3]. - Net loss for the year was HKD 31,182,000, compared to a net loss of HKD 532,532,000 in the prior year, indicating a reduction in losses[3]. - Basic and diluted loss per share was HKD 0.109, an improvement from HKD 1.688 in 2020[5]. - The group reported a loss attributable to shareholders of HKD 31,259,000 for the year ended December 31, 2021, compared to a loss of HKD 484,675,000 for the previous year[13]. - The group recorded a net cash outflow from operating activities of approximately HKD 8,753,000 as of December 31, 2021[13]. - The company reported a total comprehensive loss of HKD 33,191,000 for the year, compared to HKD 537,999,000 in 2020, reflecting a substantial reduction in overall losses[5]. Assets and Liabilities - Total assets as of December 31, 2021, amounted to HKD 1,560,835,000, an increase from HKD 1,504,567,000 in 2020[7]. - Current liabilities totaled HKD 2,360,223,000, up from HKD 2,076,901,000 in the previous year[7]. - Non-current liabilities decreased significantly to HKD 19,273,000 from HKD 112,344,000 in 2020[8]. - The company’s total liabilities as of December 31, 2021, were HKD 2,379,496,000, compared to HKD 2,189,245,000 in 2020, reflecting an increase of approximately 8.7%[21][23]. - Current liabilities and total liabilities as of December 31, 2021, were HKD 1,699,654,000 and HKD 158,092,000, respectively[13]. - As of December 31, 2021, the company's asset-liability ratio was 107%, compared to 106% on December 31, 2020[77]. Cash Flow and Financial Position - The company’s cash and bank balances decreased to HKD 7,903,000 from HKD 21,119,000 in 2020[7]. - The company incurred financial expenses of HKD 113,936,000 in 2021, up from HKD 73,351,000 in 2020, representing an increase of approximately 55.5%[31]. - The net cash outflow from operations for the year ended December 31, 2021, was approximately HKD 8,753,000[108]. - The company had no significant investments or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2021[73]. Business Segments - The group operates in three business segments: coke trading, coal-related ancillary business, and coke production[20]. - Revenue from the coking trade segment was zero, down from HKD 3,042,000 in the previous year, due to the cessation of coking trade operations[64]. - Revenue from coal-related subsidiaries was approximately HKD 81,517,000, an increase from HKD 65,600,000 in the previous year, reflecting an improvement in performance[65]. - Revenue from the coking production segment was approximately HKD 785,085,000, down from HKD 1,108,340,000 in the previous year, primarily due to reduced production capacity[66]. Employee and Operational Costs - The total employee benefits expenses decreased to HKD 53,882,000 in 2021 from HKD 64,152,000 in 2020, reflecting a reduction of about 16%[36]. - The group’s selling and distribution costs were approximately HKD 1,417,000, a significant decrease from HKD 10,953,000 in the previous year, mainly due to changes in transportation models[68]. - Management expenses for the year were approximately HKD 99,920,000, slightly higher than HKD 93,595,000 in the previous year, with differences attributed to exchange rates[69]. Governance and Compliance - The company is committed to complying with corporate governance codes and has acknowledged deviations in its governance structure, which it plans to review[96]. - The independent auditor's report indicated a significant uncertainty regarding the company's ability to continue as a going concern due to substantial losses and cash flow issues[107]. - The audit committee consists of three independent non-executive directors and one non-executive director, overseeing the financial performance for the year ended December 31, 2021[105]. Future Plans and Investments - The company intends to acquire and subscribe to the equity of Energy Technology, aiming to hold over 50% of the expanded share capital[45]. - A new coke oven with an annual capacity of at least 600,000 tons is to be constructed with a total investment of approximately RMB 600,000,000[48]. - The company plans to submit a resumption proposal to the stock exchange within 2022, aiming to restore trading of its shares[93]. - The company is considering the sale of certain assets and the issuance of convertible bonds to strengthen its financial position and reduce debt levels[93]. Shareholder Information - The board of directors does not recommend the payment of a final dividend for the year ended December 31, 2021, compared to no dividend in 2020[116]. - The company’s shares have been suspended from trading since March 29, 2021, and will continue to be suspended until further notice[126]. - Shareholders and potential investors are advised to exercise caution when trading the company's securities[127].

Financial Performance - In 2019, the total revenue of the Group was approximately HK$1,605,356,000, an increase from HK$1,478,049,000 in 2018[29]. - The gross profit for 2019 was HK$175,857,000, resulting in a gross profit margin of approximately 11.0%, down from 16.6% in 2018[29]. - Profit after tax for the year was approximately HK$14,703,000, significantly lower than HK$146,708,000 in 2018[29]. - Basic earnings per share for the year were 0.35 Hong Kong cents, down from 4.95 Hong Kong cents in 2018[29]. - The Group's revenue from coke production for the year was approximately HK$1,434,311,000, an increase of 6.2% compared to approximately HK$1,351,046,000 in the previous year, primarily due to increased sales volume of coke[37]. - The segment results from coke production decreased to approximately HK$97,849,000 from approximately HK$504,755,000, a decline of 80.7%, attributed to lower coke prices and rising coal prices[37]. - Profit before tax dropped to approximately HK$26,250,000 from approximately HK$176,659,000, a decline of 85.2%, mainly due to the absence of impairment reversal this year[41]. - The Group's profit for the year was approximately HK$14,703,000, down from approximately HK$146,708,000, a decrease of 90.0%, due to the full utilization of tax losses from the previous year[47]. Market Conditions and Future Outlook - In 2019, the domestic coke market was generally weak, with coke prices dropping from high levels at the beginning of the year, leading to a substantial depression of the Group's gross margin[9]. - The Group expects the coke market environment to improve in 2020 due to government policies and economic stimulus measures, which are anticipated to stimulate coke demand[15]. - The Group anticipates that the PRC government will launch further economic incentive measures to stimulate production demand in the steel industry, positively impacting the coke industry[84]. - The execution of environmental output-limitation and capacity elimination is expected to intensify, with a goal to eradicate production capacity of up to 50 million tons in 2020[84]. - The Group anticipates limited impact on overall production and operations due to the COVID-19 pandemic, with expectations of further economic stimulus measures from the Chinese government to boost steel industry demand[87]. Strategic Initiatives - The Group entered into Shareholders Agreements to establish Shanxi Golden Rock Rich Hydrogen Energy Co., Ltd., which will engage in producing LNG, synthetic ammonia, urea, and related products, diversifying revenue sources[10]. - A Framework Agreement was signed with Shanxi Jinyan Energy Technology Company Limited to acquire a coke production project with a capacity of over 5 million tons per year, enhancing production scale and technology[10]. - The Group plans to actively facilitate the acquisition and merger of the coke production project in Xiaoyi, Shanxi, to integrate coke production business and propel industry transformation[16]. - The Group plans to invest in a hydrogen energy coke oven gas project, which is expected to produce 250,000 tons of liquefied natural gas, 800,000 tons of synthetic ammonia, and 1.4 million tons of urea annually[18]. - The Group aims to acquire a 5 million ton per year coke production project in Shanxi Province to enhance its production capabilities and drive industry transformation[18]. - The Group intends to expand its international trading business for coke products to increase cash flow and improve overall profitability[90]. - A joint venture, Rich Hydrogen Energy, has been established in Shanxi Province to develop liquefied natural gas, synthetic ammonia, and hydrogen energy projects, which is expected to enhance future profitability[90]. Cost Management and Efficiency - Selling and distribution costs decreased to approximately HK$123,024,000 from approximately HK$137,637,000, a reduction of 10.6%, mainly due to lower transportation costs[38]. - Administrative expenses were approximately HK$88,018,000, down from approximately HK$103,301,000, a decrease of 14.8%, due to salary control and reduced maintenance costs[39]. - The Group aims to implement stringent cost controls and reduce expenses to enhance profitability in the upcoming year[84]. Human Resources and Management - The Group's staff costs for the year ended December 31, 2019, amounted to approximately HK$54,905,000, down from approximately HK$95,317,000 in the previous year, reflecting a significant reduction in employee expenses[76]. - The Group had approximately 530 employees as of December 31, 2019, a decrease from approximately 1,400 employees in 2018[76]. - The Group's human resource management focuses on competitive remuneration and career development opportunities for employees[153]. Environmental and Regulatory Compliance - The Group is committed to complying with national environmental standards and upgrading production equipment to reduce emissions and resource consumption[91]. - The Group's operations in Shanxi Province complied with environmental regulations, providing 31% of local heating demand and reducing air emissions from crude coal burning[160]. - The Group is committed to environmental protection and may invest in upgrading equipment to meet domestic environmental standards[134]. - Environmental regulations in China are becoming stricter, impacting production capacity and operational costs for the Group[133]. - The Group has complied with all applicable laws and regulations in the PRC and Hong Kong during the reporting period[161]. Risk Management - The Group's interest rate risk is managed by maintaining borrowings at a fixed interest rate to minimize fair value interest rate risk[72]. - The Group's monetary assets and liabilities are primarily denominated in RMB, USD, and HK$, exposing it to foreign currency risk[73]. - The Group's risk management framework includes a three-tier approach to identify, assess, and manage risks effectively[68]. - The management is closely monitoring the economic environment and will adjust production plans and enhance cost monitoring in response to market risks[126]. - The Group faces risks associated with fluctuating prices of coke and coal, which may adversely affect its business and financial condition[130]. Corporate Governance - The Board does not recommend the payment of a final dividend for the year ended December 31, 2019, consistent with the previous year[170]. - The Company has maintained compliance with all applicable laws and regulations in China and Hong Kong as of December 31, 2019[164]. - All independent non-executive Directors confirmed their independence for the year ended 31 December 2019[187]. - The Company maintained permitted indemnity provisions in its Directors' and officers' liability insurance during the year ended 31 December 2019[188].