Financial Performance - Revenue for the year ended December 31, 2022, was HK$810,413,000, a decrease of 33.1% from HK$1,212,471,000 in 2021[21] - Gross profit for 2022 was HK$1,116,000, down from HK$85,983,000 in 2021, indicating a significant decline in profitability[21] - The company reported a loss for the year of HK$393,677,000, compared to a profit of HK$25,436,000 in the previous year, marking a substantial negative shift[21] - Total comprehensive loss for the year was HK$614,771,000, compared to a comprehensive income of HK$105,679,000 in 2021[23] - The basic and diluted loss per share for 2022 was HK(15.94) cents, compared to earnings of HK1.04 cents per share in 2021[21] - Other income for the year was HK$4,920,000, a slight decrease from HK$5,856,000 in 2021[21] - The company experienced a net loss of HK$22,664,000 from other operating expenses, compared to no such losses in the previous year[21] - The financial highlights indicate a trend of fluctuating profits, with a notable loss in 2022 after a profit in 2021[53] - In 2022, the Group recorded a net loss of approximately HK$393,677,000, compared to a net profit of about HK$25,436,000 in 2021, resulting in a loss per share of approximately HK$15.94[66][67] Revenue Breakdown - Revenue from rare earth products was approximately HK$546,615,000, down about 36% from HK$858,249,000 in 2021, accounting for approximately 67% of total revenue[82] - Revenue from refractory products decreased by about 26% to approximately HK$263,798,000, compared to HK$354,222,000 in 2021, making up about 33% of total revenue[82] - The Group's magnesium sand business sold approximately 18,900 tons of products, a reduction of about 15% compared to the previous year, with sales revenue declining by about 5% to approximately HK$57,799,000[71] - The Group's refractory materials business reported total revenue of approximately HK$263,798,000 in 2022, reflecting a year-on-year decrease of around 26%[113] Asset and Liability Changes - Non-current assets decreased from HK$316,424,000 in 2021 to HK$259,827,000 in 2022, a decline of approximately 18%[25] - Current assets decreased from HK$2,730,581,000 in 2021 to HK$2,149,803,000 in 2022, representing a reduction of about 21%[25] - Total equity attributable to owners of the Company decreased from HK$2,881,361,000 in 2021 to HK$2,287,821,000 in 2022, a decrease of approximately 21%[29] - Current liabilities decreased from HK$155,366,000 in 2021 to HK$132,174,000 in 2022, a reduction of about 15%[25] - Non-current liabilities related to lease liabilities decreased from HK$1,391,000 in 2021 to HK$1,020,000 in 2022, a decline of approximately 27%[25] - The net current assets decreased from HK$2,575,215,000 in 2021 to HK$2,017,629,000 in 2022, representing a decrease of about 22%[25] - The total assets less current liabilities decreased from HK$2,891,639,000 in 2021 to HK$2,277,456,000 in 2022, a decline of approximately 21%[25] Corporate Governance - The audit committee is chaired by Mr. Huang Chunhua, indicating a structured governance framework[48] - The company has engaged Ascenda Cachet CPA Limited as its auditor, ensuring compliance with auditing standards[49] - The Group has complied with the Corporate Governance Code throughout the year ended December 31, 2022, ensuring transparency and accountability[143] - The Board consists of seven members, including four executive directors and three independent non-executive directors, with full attendance in board meetings[146] - The Board is collectively responsible for directing and supervising the Company's affairs and overseeing the Group's business performance[177] - The Company has adopted a code of conduct for securities transactions by directors, ensuring compliance with required standards throughout the year ended December 31, 2022[162] Strategic Focus and Future Outlook - The company is focused on the rare earth sector, which is critical for various high-tech applications[56] - The Group plans to relocate its rare earth separating production line to improve production technology and efficiency[94] - The Group anticipates growth in the refractory materials segment due to a rebound in the domestic real estate sector and easing pandemic restrictions[93] - Market analysts predict that China's economic growth is expected to return to form in the second quarter of 2023, providing a solid foundation for recovery[65] - The demand for rare earth permanent magnetic materials is expected to rise significantly due to the development of the new energy industry and national policies promoting carbon peaking and carbon neutrality[76] Employee and Talent Development - The Group actively provides generous benefits and implements a performance evaluation system to reward outstanding talents[157] - The Group's commitment to talent development includes establishing appropriate incentives to assist employees in career advancement within the organization[157] - The Group emphasizes effective communication with employees to share corporate values and address inappropriate practices[157] Board Composition and Diversity - The Board currently comprises seven members, including four executive directors and three independent non-executive directors, ensuring a strong independent element for effective judgment[165] - The Board has adopted a Board Diversity Policy to achieve diversity through various aspects, including gender, age, and professional qualifications[178] - The gender ratio in the workforce, including the Board, as of December 31, 2022, reflects the company's commitment to gender diversity[180]

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。 中 國 稀 土 控 股 有 限 公 司 China Rare Earth Holdings Limited （於開曼群島註冊成立之有限公司） （股份代號：769） 截至二零二二年十二月三十一日止年度 之全年業績公告 中國稀土控股有限公司（「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」）截至二零二二年十二月三十一日止年度的已審核綜合全年業績 連同二零二一年度同期的比較數字如下： 綜合損益表 截至十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收入 (2) 810,413 1,212,471 銷售成本 (809,297) (1,126,488) 毛利 1,116 85,983 其他收入 4,920 5,856 銷售及分銷費用 (11,815) (13,230) 管理費用 (36,794) (44,471) 其他經營開支 (326,412) – 其他虧損淨值 ...

Financial Performance - For the six months ended June 30, 2022, the company reported revenue of HKD 400,403,000, a decrease of 25.8% compared to HKD 539,065,000 for the same period in 2021[5] - Gross profit for the same period was HKD 44,529,000, down from HKD 49,578,000, reflecting a gross margin of approximately 11.1%[5] - The net profit for the period was HKD 11,099,000, a decline of 26.5% from HKD 15,169,000 in the previous year[5] - Basic and diluted earnings per share decreased to HKD 0.49 from HKD 0.62, representing a drop of 21%[5] - The total comprehensive loss for the period was HKD 111,710,000, compared to a comprehensive income of HKD 46,251,000 in the prior year, primarily due to foreign exchange losses[8] - The reported segment profit for rare earth products was HKD 9,956,000, down from HKD 21,740,000 in the previous year, reflecting a decline of 54.1%[23] - The company's net profit for the period was approximately HKD 11,099,000, a decrease of about 27% compared to the same period in 2021[44] - Basic earnings per share were approximately HKD 0.49, down from HKD 0.62 in the previous year[35] Assets and Liquidity - Current assets decreased to HKD 2,490,957,000 from HKD 2,575,215,000, indicating a reduction in liquidity[12] - Total assets less current liabilities were HKD 2,779,746,000, down from HKD 2,891,639,000, reflecting a decline in overall financial position[12] - The company's cash and cash equivalents stood at HKD 1,599,210,000, a decrease from HKD 1,819,833,000[10] - Cash and cash equivalents decreased to HKD 1,599,210,000 at the end of the period, down from HKD 1,757,813,000 at the end of June 30, 2021[18] - The company's accounts receivable decreased to HKD 497,879,000 from HKD 539,962,000 as of December 31, 2021[38] - As of June 30, 2022, the group held cash and bank deposits totaling approximately HKD 1,599,210,000, a decrease of over HKD 200,000,000 from the end of 2021[56] Revenue Breakdown - Revenue from rare earth oxides was HKD 267,981,000, a decrease of 28.4% from HKD 374,627,000 in the previous year[25] - Revenue from refractory materials was HKD 110,635,000, down from HKD 133,085,000, representing a decline of 17.0%[25] - The rare earth segment's revenue decreased by approximately 28% to about HKD 267,981,000, accounting for approximately 67% of total revenue[44] - The refractory segment's revenue decreased by about 19% to approximately HKD 132,422,000, representing about 33% of total revenue[44] Operational Activities - The net cash used in operating activities was HKD (147,519,000) for the six months ended June 30, 2022, compared to HKD (2,508,000) in the same period of 2021[18] - In the first half of 2022, the group sold approximately 12,100 tons of refractory materials, a decrease of over 25% compared to the same period last year, with sales revenue around HKD 110,635,000, down about 17% year-on-year[49] - The group sold about 6,500 tons of magnesia sand products, a significant decrease of approximately 45% year-on-year, with sales revenue down about 30% to approximately HKD 21,787,000[50] Strategic Initiatives - The company continues to explore market expansion opportunities and new product development strategies to enhance future growth prospects[5] - The group plans to actively seek partnerships and has signed a strategic cooperation framework agreement with Northern Rare Earth Group to explore collaboration opportunities[53] - The group has engaged a professional agency for soil and groundwater environmental investigations, leading to a budgeted remediation project costing approximately HKD 346,118,000[55] Governance and Shareholding - YY Holdings Limited holds 707,179,200 shares, representing approximately 30.20% of the total issued share capital of the company[84] - The board of directors includes four executive directors and three independent non-executive directors, ensuring a diverse governance structure[93] Dividends and Financing - The company did not declare or distribute any dividends for the period ended June 30, 2022[33][34] - The group has not borrowed from any banks or financial institutions during the review period and maintained a financing limit of approximately HKD 175,398,000[58] - The company did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[60]

Financial Performance - The revenue for the year ended December 31, 2021, was HK$1,212 million, representing an increase from HK$1,112 million in 2020, which is a growth of 9%[19] - The net assets as of December 31, 2021, were HK$2,890 million, up from HK$2,785 million in 2020, indicating a growth of 3.8%[21] - The company reported a profit of HK$24 million for the year 2021, compared to HK$20 million in 2020, marking a 20% increase in profitability[19] - For the year ended December 31, 2021, the Group recorded revenue of approximately HK$1,212,471,000, an increase of about 9% compared to HK$1,112,317,000 in 2020[34] - The Group's net profit was approximately HK$25,436,000, an increase of about 23% from HK$20,608,000 in 2020[36] Revenue Breakdown - Rare Earth Products accounted for 99% of total revenue in 2021, while Refractory Products contributed 1%[26] - Revenue from rare earth products rose by about 6% to approximately HK$858,249,000, accounting for about 71% of total revenue[36] - Revenue from refractory products increased by about 17% to HK$354,222,000, accounting for about 29% of total revenue[36] - The refractory materials segment recorded revenue of approximately HK$354,222,000, an increase of about 17% compared to the previous year, with a gross profit margin of 15%[44][47]. - The Group sold approximately 34,800 tonnes of refractory materials, representing an increase of approximately 25% year-on-year, although the average selling prices decreased by about 15%[49]. Market Outlook and Strategy - The company plans to expand its market presence in Japan and Europe, which are key regions for growth[30] - The management has indicated a positive outlook for 2022, expecting continued revenue growth driven by increased demand for rare earth products[30] - The rare earth products market outlook is optimistic due to increased demand for new energy and clean energy products[35] - The Group plans to monitor market supply and demand changes, particularly in light of geopolitical uncertainties affecting rare earth supply and prices[53][55]. Operational Efficiency and Sustainability - The company is focusing on the development of new technologies in rare earth processing to enhance product quality and efficiency[30] - The gross profit margin for 2021 was maintained at a healthy level, reflecting effective cost management strategies[30] - The Group's rare earth business model has transformed to focus on trading and processing high-end products, limiting the impact of environmental regulations[39] - The Group is committed to sustainable practices in its operations, aligning with global environmental standards[30] - The Group plans to invest in upgrading environmental protection equipment and optimizing daily production processes to align with increasing ecological conservation standards set by the Chinese government[59] Financial Position and Assets - As of December 31, 2021, the Group held cash and bank deposits totaling approximately HK$1,819,833,000, a slight increase from approximately HK$1,740,255,000 at the end of 2020, mainly due to the appreciation of Renminbi during the year[60] - Accounts receivable before impairment loss increased by approximately 18% to approximately HK$583,157,000 at the end of 2021, with about 85% aged less than six months, indicating limited risk of bad debts[62] - The Group's net current assets amounted to approximately HK$2,575,215,000 as of December 31, 2021, similar to the level at the end of 2020, with total liabilities to total assets ratio remaining at approximately 5%[63] Corporate Governance - The Company has adopted its own code of corporate governance based on the principles of the Corporate Governance Code and has complied with it throughout the year ended December 31, 2021[97] - The Board currently comprises seven members, including four executive directors and three independent non-executive directors[108] - The Company has ensured compliance with the Listing Rules regarding the minimum number of independent non-executive directors throughout the year ended December 31, 2021[126] - The Board has established three committees: Audit, Remuneration, and Nomination, each with defined terms of reference[147] - Continuous professional development for directors is provided to enhance their skills and knowledge in accordance with regulatory requirements[119] Director and Management Information - The Group's overall business development policies are formulated by Ms. Qian Yuanying, who has over 30 years of experience in the rare earth and refractory materials industries[79] - Mr. Jiang Quanlong, with over 30 years of industry experience, is responsible for internal and external coordination and business relationship development[80] - Mr. Jiang Dawei has been the CEO since 2017, overseeing the overall management and marketing of the Group's business[81] - The Company Secretary is responsible for maintaining minutes of all Board and committee meetings, ensuring transparency and accountability[123] - The independent non-executive directors possess expertise in financial management and related business areas, providing strategic advice to the Company[126]

CRE 中 國稀土控股有限公司 China Rare Earth Holdings Limited (於開曼群島註冊成立之有限公司) 股份代號：00769 40 球 01 | --- | --- | |----------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------| | | | | 公司資料 董事 執行董事 | 香港法律顧問 趙不渝 馬國強律師事務所 | | 錢元英女士 （主席） 蔣泉龍先生 蔣大偉先生 | 核數師 天健德揚會計師事務所有限公司 | | 蔣才南先生 獨立非執行董事 | 主要往來銀行 | | 黃春華先生 金重先生 竇學宏先生 | 中國 中國建設銀行股份有限公司 招商銀行股份有限公司 中國交通銀行股份有限公司 中國農業銀行股份有限公司 | | 審核委員會 黃春華先生 （主席） 金重先生 竇學宏先 ...

中國稀土控股有限公司 China Rare Earth Holdings Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock code 股份代號 : 00769 Annual Report 2020 年報 T Manu INTERNECES 70 are | (0.9 a jaka CBB n 国 アイレン 82 41 31 - 10.04 更 r p 12 88 2 目 錄 CONTENTS 4 6 16 20 37 50 59 60 61 63 64 66 164 公司資料 Corporate Information 財務摘要 Financial Highlights 主席報告書 Chairman's Statement 董事及高級管理人員簡介 Directors and Senior Management Profile 企業管治報告 Corporate Governance Report 董事會報告 Directors' Report 獨立核數師報告 Independent ...

中 期 報 告 2020 中 國 稀土控股有限公司 CRE China Rare Earth Holdings Limited {於開曼群島註冊成立之有限公司} 股份代號：00769 | --- | --- | |--------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------| | | | | 公 司 資 料 董 事 | 香港法律顧問 | | 執行董事 錢元英女士 （主席） 蔣泉龍先生 | 趙不渝 馬國強律師事務所 核數師 | | 蔣大偉先生 蔣才南先生 | 天健德揚會計師事務所有限公司 主要往來銀行 | | 獨立非執行董事 黃春華先生 金重先生 王國珍先生 審核委員會 | 中 國 中國建設銀行股份有限公司 招商銀行股份有限公司 中國交通銀行股份有限公司 中國農業銀行股份有限公司 | | 王國珍先生 （ ...

CRE 中 國稀土控股有限公司 China Rare Earth Holdings Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock code 股份代號：00769 Annual Report 2019 0 ry IX 13 / 8 中国民主席的歌唱 프랑斯基本 12 CRE 宜兴新成利成熟太甚至想公里 http://www.asia.com/ m M . 目 錄 CONTENTS 2 公司資料 Corporate Information 財務摘要 Financial Highlights 4 6 主席報告書 Chairman's Statement 董事及高級管理人員簡介 Directors and Senior Management Profile 16 20 企業管治報告 Corporate Governance Report 董事會報告 Directors' Report 34 46 獨立核數師報告 Independent Auditor's Report 55 綜合損益 ...

2019 中 期 報 告 CRE 中國稀土控股有限公司 China Rare Earth Holdings Limited (於闕曼群島註冊成立之有限公司) 股份代號：769 中國稀土控股有限公司 中期報告 2019 | --- | --- | |------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------| | | | | 公司資料 董事 執行董事 | 香港法律顧問 趙不渝 馬國強律師事務所 | | 錢元英女士 （主席） 蔣泉龍先生 蔣大偉先生 | 核數師 天健德揚會計師事務所有限公司 | | 蔣才南先生 獨立非執行董事 黃春華先生 金重先生 王國珍先生 | 主要往來銀行 中國 中國建設銀行股份有限公司 招商銀行股份有限公司 中國交通銀行股份有限公司 | | 審核委員會 王國珍先生 （主席） 黃春 ...

CRE 中國稀土控股有限公司 China Rare Earth Holdings Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock code 股份代號：00769 Annual eport 8 . A 1 - 1 CRET 10 19 . . . . ANNUAL CON V ■ 1 K 16 n E - 4 114 11 This 目 錄 CONTENTS 2 公司資料 Corporate Information 財務摘要 Financial Highlights 主席報告書 Chairman's Statement 董事及高級管理人員簡介 Directors and Senior Management Profile 企業管治報告 Corporate Governance Report 董事會報告 Directors' Report 獨立核數師報告 Independent Auditor's Report 綜合損益表 Consolidated Statement of Pro ...