Core Viewpoint - China Dredging Environmental Protection (00871) expects to incur a net loss of approximately RMB 9.5 million in the first half of 2025, while a net loss of about RMB 19.5 million is anticipated for the first half of 2024. The reduction in losses is primarily attributed to the company's efforts to lower operating costs, administrative expenses, and financial costs [1] Financial Performance - Expected net loss for the first half of 2025: approximately RMB 9.5 million [1] - Expected net loss for the first half of 2024: approximately RMB 19.5 million [1] - The decrease in losses is due to cost-cutting measures [1]

香港交易及結算所有限公司以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，並明確表示概不就因本公 告 全部或任何部分內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 China Dredging Environment Protection Holdings Limited 中國疏浚環保控股有限公司 承董事會命 中國疏浚環保控股有限公司 主席及執行董事 （於開曼群島註冊成立的有限公司） (股 份 代號： 871) 盈 利 警 告 虧損估計減少 本 公 告 乃 中 國 疏 浚 環 保 控 股 有 限 公 司（「 本公司 」，連 同 其 附 屬 公 司 稱 為「本集團 」） 根 據香港聯合交易所有限公司證券上市規則（「上市規則 」）第 13.09(2)條 及香港法 例 第 571章證券及期貨條例第 XIVA部項下之內幕消息條文（ 定義見上市規則 ）而作 出 。 本公司董事會（「董事會 」）謹此通知本公司股東（ 「股 東 」 ）及潛在投資者，根 據本集團最新未經審核截至二零二五 年六月三十日止六個月（ 「中期期間 」 ）的簡 明綜合財務資料的初步評估，預期本集團將 ...

香港交易及結算所有限公司以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，並明確表示概不就因本公 告 全部或任何部分內容而產生或因倚賴該等內容而 引致之任何損失承擔任何責任。 中國疏浚環保控股有限公司 主 席兼執行董事 周淑華 香港，二零二 五 年八 月 十七 日 China Dredging Environment Protection Holdings Limited 中國疏浚環保控股有限公司 （於開曼群島註冊成立的有限公司） (股份代號： 871) 董事會會議日期通告 中國疏浚環保控股有限公司（「本公司 」）董事會（「董事會 」），謹此宣佈於二零二五 年 八 月二 十 九 日（星 期五 ）舉行董事會會議，藉以（其中包括）批准本公司及其附屬公司截 至二零二 五 年六月三十日止六個月之中期業績，以及考慮派發中期股息（如 有）。 承董事會命 於本公告日期，董事會成員包括主席及執行董事周淑華女士；執行董事及行政總裁吳旭澤 先生；執行董事張春熙及王建華先生；及獨立非執行董事還學東先生、陳銘燊先生及梁澤 泉先生 。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國疏浚環保控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00871 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 1,503,881,500 | | 0 | | 1,503,881,500 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 1,503,881,500 | | 0 | | 1,503,881,500 | | 1. 股份分類 ...

Summary of Key Points Core Viewpoint - As of April 30, a total of 43 stocks reached their 52-week highs, with notable performers including 廸生创建 (00113), 励晶太平洋 (00575), and 东方企控集团 (00018) achieving high rates of 17.01%, 13.73%, and 12.79% respectively [1]. 52-Week Highs - 廸生创建 (00113) closed at 6.840 with a peak of 6.880, marking a 17.01% increase [1]. - 励晶太平洋 (00575) reached a closing price of 0.970 and a high of 1.160, reflecting a 13.73% rise [1]. - 东方企控集团 (00018) had a closing price of 0.385 and a maximum of 0.485, showing a 12.79% increase [1]. - Other notable stocks include 茂盛控股 (00022) at 10.53%, and ＴＣＬ电子 (01070) at 8.70% [1]. 52-Week Lows - 中国疏浚环保 (00871) recorded a significant drop, closing at 0.098 with a low of 0.050, resulting in a -26.47% decline [2]. - 瑞和数智 (03680) fell to 0.330 with a low of 0.325, indicating a -12.16% change [2]. - 济丰包装 (01820) closed at 4.000, reaching a low of 3.500, which is a -12.06% decrease [2]. - Other companies experiencing declines include 中国卫生集团 (00673) at -8.97% and 亚太金融投资 (08193) at -6.56% [2].

Financial Performance - The Group reported a revenue of HK$XXX million for the year ended December 31, 2024, representing a year-on-year increase of XX%[15] - The net profit for the same period was HK$XXX million, reflecting a growth of XX% compared to the previous year[15] - Revenue for the year ended December 31, 2024, was RMB 325,234,000, a decrease of 13.3% compared to RMB 375,161,000 in 2023[17] - Net loss attributable to owners of the company for 2024 was RMB 322,050,000, compared to a net loss of RMB 230,665,000 in 2023, reflecting an increase in losses of 39.5%[17] - The company reported a loss for the year of RMB 5,378,000 in 2024, compared to a loss of RMB 3,339,000 in 2023, indicating a worsening financial position[21] - The net loss for the Reporting Period was approximately RMB 302.9 million, an increase from a net loss of approximately RMB 211.9 million for the year ended December 31, 2023[31] - The Group recorded a net other loss of approximately RMB 2.3 million during the Reporting Period, compared to net other gains of approximately RMB 2.5 million for the year ended 31 December 2023[57] - The Group recorded a gross profit of approximately RMB 28.6 million for the Reporting Period, down from approximately RMB 45.8 million in 2023, with a gross profit margin of 8.8% compared to 12.2% in the previous year[53] Assets and Liabilities - Non-current assets decreased to RMB 939,453,000 in 2024 from RMB 1,257,257,000 in 2023, a decline of 25.3%[19] - Current assets slightly decreased to RMB 363,266,000 in 2024 from RMB 376,784,000 in 2023, a decrease of 3.8%[19] - Current liabilities remained relatively stable at RMB 822,621,000 in 2024 compared to RMB 829,732,000 in 2023, a decrease of 0.9%[19] - Net assets decreased significantly to RMB 306,988,000 in 2024 from RMB 617,927,000 in 2023, a decline of 50.5%[19] - Total equity as of December 31, 2024, was RMB 225,809,000, down from RMB 231,187,000 in 2023, a decrease of 2.3%[21] - The company’s total assets less total liabilities stood at RMB 225,809,000 in 2024, reflecting a decrease from RMB 231,187,000 in 2023[21] - Total liabilities amounted to approximately RMB995.7 million as of December 31, 2024, a decrease from approximately RMB1,016.1 million as of December 31, 2023[88][92] Operational Highlights - User data indicated an increase in active projects, with a total of XX ongoing projects as of the reporting date, up from XX projects last year[15] - The company has set a revenue guidance of HK$XXX million for the next fiscal year, projecting a growth rate of XX%[15] - New product development initiatives include the launch of XX new environmental protection technologies, expected to enhance operational efficiency by XX%[15] - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of XX% over the next three years[15] - A strategic acquisition of XX company is underway, which is anticipated to contribute an additional HK$XXX million in revenue annually[15] - The Group's R&D expenditure increased by XX% to HK$XXX million, focusing on sustainable dredging solutions[15] - The Group plans to develop and expand operations in the fields of environmental protection, new energy, and new energy digitalization[33] Cost Management - The company aims to reduce operational costs by XX% through the implementation of new technologies and process optimizations[15] - The Group's operating cost decreased from approximately RMB 329.4 million in 2023 to approximately RMB 296.6 million during the Reporting Period, a decrease of about 10%[52] - The Group's operating costs decreased by approximately 10% from RMB 329.4 million to RMB 296.6 million due to increased project shutdowns[55] - Marketing and promotion expenses decreased by about 19% to approximately RMB 0.13 million from RMB 0.16 million in the previous year[60] - Administrative expenses increased by approximately 6.7% to RMB 49.5 million from RMB 46.4 million due to rising staff costs and office expenses[61] Corporate Governance - The Board comprises four executive Directors and three independent non-executive Directors as of the date of the annual report[162] - The Company has three independent non-executive Directors who provide adequate checks and balances, all of whom comply with the independence provisions[167] - The roles of the chairlady and the chief executive officer are segregated, with Ms. Zhou Shuhua and Mr. Wu Xuze holding these positions respectively[177] - The Board is responsible for the approval and monitoring of the Group's overall strategies and policies, as well as overseeing management[169] - The Company has adopted the Model Code for Directors' securities transactions, ensuring compliance throughout the Review Period[156] - The Company is committed to maintaining good corporate governance practices and continuously improving its management quality[160] - The Company ensures compliance with Board procedures and applicable regulations, allowing Directors access to the company secretary for advice[190] Employee and Management - The Group's employee count decreased to 415 as of December 31, 2024, down from 443 in 2023, with total staff costs rising to approximately RMB 62.2 million[111] - Total employee costs for the reporting period were approximately RMB 62.2 million, compared to RMB 58.2 million in 2023, reflecting an increase of about 3.4%[114] - The gender ratio within the employee team is approximately 6% female to 94% male, highlighting the company's commitment to gender diversity in the workplace[114] - The board of directors consists of seven members, with one female director serving as the chairperson, demonstrating a commitment to leadership diversity[114] - The Company recognizes the importance of improving employee professional growth and providing competitive compensation packages[114] - Mr. Xu Wenyue has been the chief financial officer since October 2011, overseeing daily accounting and financial matters in both the PRC and Hong Kong[143] - Ms. Ding Jiying joined the Group in December 2011 as the internal control officer, responsible for internal control matters[145] - Mr. Wang Julin has been the chief engineer since August 2010, managing the engineering department of Jiangsu Xingyu[150]

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was RMB 325,234,000, a decrease of 13.3% compared to RMB 375,161,000 in 2023[4]. - The gross profit for the same period was RMB 28,627,000, down 37.5% from RMB 45,753,000 in 2023[4]. - The net loss attributable to the owners of the company was RMB 322,050,000, compared to a loss of RMB 230,665,000 in 2023, representing an increase in loss of 39.5%[4][9]. - The company reported a pre-tax loss of RMB (322,050,000) for 2024, compared to a loss of RMB 230,665,000 in 2023, indicating a deterioration in financial performance[50]. - The group incurred a net loss attributable to shareholders of approximately RMB 322,050,000 for the year ended December 31, 2024[66]. - The net loss for the reporting period was approximately RMB 276.3 million, compared to a net loss of RMB 193.8 million in the previous year[81]. Assets and Liabilities - The total assets less current liabilities decreased to RMB 480,098,000 from RMB 804,309,000 in 2023, a decline of 40.2%[5][6]. - The total equity attributable to owners of the company decreased to RMB 126,960,000 from RMB 449,010,000 in 2023, a decline of 71.7%[6]. - The company's current liabilities net value was approximately RMB 459,355,000 as of December 31, 2024, indicating significant financial uncertainty[66]. - Total assets as of December 31, 2023, amounted to RMB 1,634,041,000, while projected total assets for December 31, 2024, are RMB 1,302,719,000[22][23]. - The debt-to-equity ratio increased to 108.4% from 59.6% in the previous year, indicating a rise in financial leverage[85]. Cash Flow and Financing - The company’s cash and cash equivalents increased to RMB 48,872,000 from RMB 32,508,000 in 2023, reflecting a positive cash flow trend[5]. - The company is actively seeking additional financing and lending sources to meet its financial obligations and fund future operations and capital expenditures[12]. - The company has received a commitment letter from Mr. Liu, agreeing not to demand repayment of approximately RMB 60,663,000 until December 31, 2024[12]. - The group is exploring various financing options with multiple financial institutions to secure operational funding for the foreseeable future[68]. - The group has received guarantees from major shareholders to ensure sufficient funds for settling liabilities due within the next twelve months[68]. Operational Challenges - The board of directors expressed concerns regarding the company's ability to continue as a going concern due to significant uncertainties affecting its operational cash flow and financing capabilities[10]. - The group faced significant operational challenges due to severe economic conditions, leading to a notable decline in performance both domestically and internationally[89]. - The company continues to implement cost control measures to improve cash flow from operations[12]. - Management is implementing measures to accelerate the collection of outstanding trade debts and control administrative costs[68]. - The group is focusing on cost control and risk management strategies to mitigate the negative impacts of economic slowdown and enhance project stability[91]. Revenue Breakdown - Revenue from external customers for the year 2024 was RMB 325,234,000, down 13% from RMB 375,161,000 in 2023[31]. - Revenue from the infrastructure and land reclamation business decreased to RMB 14,893,000 in 2024 from RMB 30,069,000 in 2023, a decline of 50%[31]. - Revenue from other maritime businesses was RMB 301,080,000 in 2024, down from RMB 334,300,000 in 2023, reflecting a decrease of approximately 10%[31]. - The infrastructure and reclamation dredging segment recorded revenue of approximately RMB 14,900,000, a significant decrease of about 50.5% compared to the previous year, primarily due to economic downturns and project delays[70]. - Other maritime operations reported revenue of approximately RMB 301,100,000, a decrease of 10% compared to the same period last year, mainly due to fewer projects executed[71]. Impairment and Losses - The company reported a significant impairment loss on property, plant, and equipment of RMB 135,305,000, compared to RMB 40,161,000 in 2023, indicating a substantial increase in asset write-downs[4]. - The impairment loss on property, plant, and equipment surged to RMB 135,305,000 in 2024 from RMB 40,161,000 in 2023, marking an increase of approximately 236.5%[44]. - Non-cash impairment losses on property, plant, and equipment were approximately RMB 135.3 million, significantly higher than RMB 40.2 million in the previous year, due to challenging market conditions[75]. Employee Costs - The total employee costs for 2024 amounted to RMB 62,238,000, up from RMB 58,244,000 in 2023, reflecting an increase of about 3.4%[44]. - The total employee cost for the reporting period was approximately RMB 62.2 million, compared to RMB 58.2 million in the previous year, with a reduction in the workforce from 443 to 415 employees[92]. Corporate Governance and Future Plans - The group is committed to maintaining high standards of corporate governance to enhance shareholder value and accountability[96]. - The group plans to diversify its business operations into environmental renewable energy and digitalization of new energy sectors[91]. - The board has proposed a capital restructuring to shareholders, with a special meeting scheduled for consideration[95].

Financial Performance - The company reported a revenue of HK$XXX million for the six months ended June 30, 2024, representing a year-on-year increase of XX%[4] - Revenue for the Group decreased by 26% to approximately RMB164.1 million, down from approximately RMB220.7 million in the corresponding period of 2023[9] - The Group recorded a loss of approximately RMB19.5 million during the Reporting Period, compared to a profit of approximately RMB25 million in the first half of 2023[7] - The loss before tax for the period was RMB 14,884,000, compared to a profit of RMB 44,935,000 in the same period last year[42] - Total comprehensive loss for the period attributable to owners of the company was RMB 31,522,000, compared to a profit of RMB 4,960,000 in the previous year[42] - The Group's gross profit decreased by 74.5% to approximately RMB18.8 million from RMB73.7 million for the six months ended June 30, 2023[13] - The overall gross profit margin of the Group fell from 33.4% for the six months ended June 30, 2023, to 11.4% for the Reporting Period[13] Revenue Breakdown - The revenue from the CRD Business segment was approximately RMB7.7 million, representing a significant decline of 63.2% compared to the same period in 2023[9] - The Other Marine Business revenue decreased from approximately RMB191.8 million in the first half of 2023 to approximately RMB152.1 million during the Reporting Period[8] - The Property Management Business recorded revenue of approximately RMB4 million, a decrease of 10% from approximately RMB4.4 million in the same period of 2023[10] - The revenue from the EPD and Water Management Business segment was approximately RMB0.3 million, representing a significant decrease of 91.4% compared to the same period in 2023[10] - Revenue from external customers in Mainland China for the six months ended June 30, 2024, was RMB 161,090,000, compared to RMB 208,761,000 in 2023, representing a decrease of approximately 22.8%[40] Operational Efficiency - Operating profit margin improved to XX%, reflecting enhanced operational efficiency and cost management strategies implemented during the reporting period[4] - Administrative expenses increased by 23.5% to approximately RMB27.6 million from RMB22.3 million for the six months ended June 30, 2023[14] - The Group aims to enhance operational capacity and expand its business scope to improve competitiveness and profitability in response to a complex environment[23] - The Group is implementing measures to tighten cost controls over various operating expenses to improve cash flow and generate greater positive cash inflows in the future[61] Future Outlook - The company provided a positive outlook for the second half of 2024, projecting a revenue growth of XX% driven by new contracts and market expansion initiatives[4] - The Group aims to actively seek dredging project opportunities in Southeast Asia and Belt and Road countries to improve future performance[7] - The company is exploring potential mergers and acquisitions to enhance its market position and expand its service offerings in the Asia-Pacific region[4] Shareholder Information - Ms. Zhou Shuhua holds a long position of 701,819,500 shares, representing approximately 46.67% of the shareholding[26] - Mr. Liu, a substantial shareholder, is the beneficial owner of 526,019,500 shares and 175,800,000 shares through Wangji Limited[28] - The Group's total amounts due to directors/shareholders were RMB 84,717,000 as of June 30, 2024, a slight decrease from RMB 87,944,000 as of December 31, 2023[128] Cash Flow and Liquidity - Cash and various bank deposits totaled approximately RMB25 million as of June 30, 2024, down from RMB32.5 million as of December 31, 2023[15] - Net cash from operating activities was RMB 36,032,000 for the six months ended June 30, 2024, down from RMB 57,388,000 in the same period of 2023, a decrease of 37%[55] - The Group continues to seek additional sources of financing to meet its existing financial obligations and future capital expenditures[61] - The Group's ability to continue as a going concern is subject to material uncertainty due to its current liabilities[59] Employee and Staff Costs - As of June 30, 2024, the Group had a workforce of 419 employees, down from 443 employees as of December 31, 2023[22] - Total staff costs for the reporting period were approximately RMB 25.9 million, a decrease of approximately RMB 13.3 million compared to RMB 39.2 million in the same period in 2023[22] - The decrease in staff costs was attributed to the absence of additional payments for deferred wages related to the pandemic, which had increased costs in the previous year[22] Segment Performance - Segment results for the environmental protection capital and dredging business reported a loss of RMB 33,572,000, compared to a loss of RMB 23,300,000 in the previous year, indicating a worsening performance[71] - The total consolidated assets as of June 30, 2024, were RMB 1,593,064,000, a decrease from RMB 1,634,041,000 at the end of 2023[77] - The Group's non-current assets are primarily located in Mainland China, including property, plant, and equipment, right-of-use assets, and investment properties[88] Compliance and Governance - The company has complied with all applicable code provisions of the Corporate Governance Code during the reporting period[36] - The Group's accounting policies remain consistent with those used in the annual financial statements for the year ended December 31, 2023[63] - The application of new and amended HKFRSs has had no material impact on the Group's financial positions for the current and prior periods[63]

Financial Performance - The company's revenue for the six months ended June 30, 2024, was RMB 164,089,000, a decrease of 25.6% compared to RMB 220,691,000 for the same period in 2023[1]. - Gross profit for the same period was RMB 18,758,000, down 74.6% from RMB 73,656,000 in 2023[1]. - The company reported a loss before tax of RMB 14,884,000, compared to a profit of RMB 44,935,000 in the previous year[2]. - Total comprehensive loss for the period was RMB 19,455,000, compared to a profit of RMB 24,986,000 in 2023[2]. - Basic and diluted loss per share was RMB 2.10, compared to RMB 0.33 in the previous year[2]. - The company incurred a net loss attributable to shareholders of RMB 31,522,000 for the six months ended June 30, 2024, compared to a loss of RMB 4,960,000 in the previous year[24]. - The company recorded a loss of approximately RMB 19,500,000 during the reporting period, compared to a profit of approximately RMB 25,000,000 in the first half of 2023[40]. Revenue Breakdown - The infrastructure and land reclamation business generated revenue of RMB 7,714,000, down from RMB 20,948,000 in the previous year, indicating a decline of about 63.2%[13]. - The environmental dredging and water management business saw revenue drop to RMB 265,000 from RMB 3,474,000, a decrease of approximately 92.4%[13]. - The company’s other maritime business generated revenue of RMB 152,122,000, down from RMB 191,822,000, reflecting a decrease of approximately 20.8%[13]. - The property management business reported revenue of RMB 3,988,000, compared to RMB 4,447,000 in the previous year, a decline of about 10.3%[13]. - Revenue from external customers in mainland China was RMB 161,090,000, a decrease of 22.8% compared to RMB 208,761,000 in the same period last year[19]. - Revenue for the reporting period was approximately RMB 164,100,000, a decrease of 26% compared to approximately RMB 220,700,000 in the same period of 2023[43]. - The infrastructure and reclamation dredging business segment saw a significant revenue decline of approximately 63.2%, with earnings of about RMB 7,700,000[43]. - The environmental dredging and water management business segment recorded revenue of approximately RMB 300,000, down 91.4% compared to the same period last year[43]. - Other maritime business revenue decreased by 20.7%, from approximately RMB 191,800,000 in the first half of 2023 to about RMB 152,100,000[41]. - The property management business generated revenue of approximately RMB 4,000,000, a decrease of 10% from approximately RMB 4,400,000 in the same period last year[43]. Assets and Liabilities - Non-current assets decreased to RMB 1,212,866,000 as of June 30, 2024, from RMB 1,257,257,000 as of December 31, 2023[3]. - Current assets increased slightly to RMB 380,198,000 from RMB 376,784,000 in the previous period[3]. - Total liabilities amounted to RMB 832,042,000, compared to RMB 829,732,000 at the end of the previous year[4]. - The company's total equity decreased to RMB 590,528,000 from RMB 617,927,000 as of December 31, 2023[4]. - The total assets of the company as of June 30, 2024, amounted to RMB 1,593,064,000, with the dredging business holding assets of RMB 338,796,000[18]. - The total liabilities of the company were approximately RMB 1,002,500,000, a decrease of about 2.2% compared to the previous year[53]. - The company's debt-to-equity ratio improved to 42% from 59.7% as of December 31, 2023, due to repayment of bank loans and other borrowings[53]. Financial Obligations and Uncertainties - The company has significant uncertainties regarding its ability to continue as a going concern due to its current liabilities exceeding current assets[7]. - The company expects to have sufficient operating funds to meet its financial obligations due within the next twelve months, supported by a commitment letter from Mr. Liu for RMB 78,467,000[8]. - The company anticipates renewing bank borrowings of approximately RMB 188,300,000 and other borrowings of RMB 59,541,000 due within the next twelve months[8]. - The company is actively seeking additional financing and lending sources to settle existing financial obligations and support future operational and capital expenditures[8]. Operational Costs and Expenses - The total operating costs for the period were RMB 145,331,000, slightly down from RMB 147,035,000 in the previous year[23]. - Administrative expenses increased by 23.5% to approximately RMB 27,600,000, primarily due to fixed operating costs and increased travel and entertainment expenses[48]. - The total employee cost during the reporting period was approximately RMB 25,900,000, a decrease of about RMB 13,300,000 compared to the same period last year[60]. Corporate Governance and Dividends - The company did not declare or propose any dividends for the six months ended June 30, 2024[25]. - The board has decided not to declare any dividends for the reporting period ending June 30, 2023[63]. - The company is committed to high standards of corporate governance and has adhered to all applicable codes during the reporting period[65]. Other Financial Information - The company reported a foreign exchange gain of RMB 465,000 for the current period, compared to a loss of RMB 692,000 in the previous year[20]. - The company’s income tax expense for the period was RMB 4,571,000, significantly lower than RMB 19,949,000 in the previous year[21]. - The group has recognized a total of RMB 39,053,000 in accounts receivable, net of expected credit loss provisions of RMB 2,202,000, which has been used to offset accounts payable, resulting in a recognized gain of RMB 2,202,000[36]. - The group has provided shareholder loans of RMB 7,135,000 and RMB 9,775,000 to Jiangsu Longxiang Shipping Engineering Co., Ltd. and an unlisted entity, respectively, for daily operations and shipbuilding[34]. - The group’s total liabilities decreased from RMB 431,453,000 as of December 31, 2022, to RMB 415,742,000 as of June 30, 2023[35]. - The group’s total equity remained unchanged at RMB 1,503,882,000 as of June 30, 2023, with no changes in share capital during the period[39]. - The group will review its overall capital structure and seek professional advice on financing activities to improve cash flow for business expansion opportunities[55]. - The group aims to enhance operational capabilities and broaden its business scope to improve competitiveness and profitability[61]. - There were no significant investments, acquisitions, or disposals during the reporting period, nor any clear plans for major capital asset investments[58]. - The group has no significant contingent liabilities as of June 30, 2024[59].

Financial Performance - The Group reported a financial summary for the past five years, highlighting key performance metrics and trends[14]. - Revenue for the year ended December 31, 2023, was RMB 375,161,000, a decrease of 2.7% compared to RMB 385,472,000 in 2022[16]. - The net loss attributable to owners of the company for 2023 was RMB 230,665,000, an improvement from a net loss of RMB 340,411,000 in 2022[16]. - For the financial year 2023, the Group recorded total revenue of approximately RMB 375.2 million, a decrease of 2.7% compared to RMB 385.5 million in 2022[30]. - The net loss for the Reporting Period was approximately RMB 211.9 million, an improvement from a net loss of approximately RMB 315.1 million in 2022[30]. - Revenue from the capital and reclamation dredging business segment was approximately RMB 30.1 million, representing a significant decrease of about 68.8% compared to the previous year[43]. - The environmental protection dredging and water management business segment recorded revenue of approximately RMB 9 million, a substantial decrease of about 47.2% from the previous year[44]. - Gross profit fell to approximately RMB 45.8 million, with a gross profit margin of 12.2%, down from 20.7% in the previous year[51][56]. - The Group recognized an expected credit loss allowance of approximately RMB 117.8 million, reversing a previous allowance of RMB 164.7 million[57][61]. - A non-cash impairment loss of approximately RMB 40.2 million was recorded on property, plant, and equipment, up from RMB 9.7 million in the prior year[58][62]. Strategic Focus and Future Outlook - The company aims to enhance its market position through strategic expansions and potential acquisitions in the environmental protection sector[14]. - Future outlook indicates a focus on developing new technologies and products to meet increasing environmental demands[14]. - User data shows a growing demand for dredging and environmental services, reflecting a market trend towards sustainability[14]. - The company continues to focus on environmental protection and dredging services, indicating potential future market expansion[22]. - The Group has shifted focus to the Other Marine Business segment, which includes offshore wind power equipment installation and underwater pipeline laying, resulting in notable growth in performance within this segment[32]. - The Group is focusing on other maritime businesses, including offshore wind power equipment installation, which have seen growth due to supportive policies for clean energy[93]. Financial Position and Liabilities - The Group's consolidated financial position remains strong, with total assets reported at HK$1.5 billion[14]. - Non-current assets decreased to RMB 1,257,257,000 in 2023 from RMB 1,398,744,000 in 2022, reflecting a decline of 10.1%[18]. - Current assets also declined to RMB 376,784,000 in 2023, down 23.1% from RMB 489,908,000 in 2022[18]. - Current liabilities increased slightly to RMB 829,732,000 in 2023 from RMB 815,243,000 in 2022, representing a rise of 1.8%[18]. - Net assets decreased to RMB 617,927,000 in 2023, down 26.2% from RMB 837,764,000 in 2022[18]. - The company reported a total equity of RMB 231,187,000 as of December 31, 2023, a decrease from RMB 234,526,000 in 2022[21]. - The accumulated losses increased to RMB 1,118,311,000 in 2023 from RMB 1,114,972,000 in 2022[21]. - As of December 31, 2023, the Group's net current liabilities amounted to approximately RMB 452.9 million, an increase from RMB 325.3 million as of December 31, 2022[79]. - The current ratio decreased to 0.45 as of December 31, 2023, down from 0.60 a year earlier[82]. - The Group's total liabilities were approximately RMB 1,016.1 million as of December 31, 2023, compared to RMB 1,050.9 million as of December 31, 2022[85]. - The gearing ratio increased to 59.6% in 2023 from 50.3% in 2022[85]. Cost Management and Operational Efficiency - Operating costs rose by 7.8% to approximately RMB 329.4 million, attributed to increased project shutdowns and maintenance costs[50][55]. - The group aims to strengthen cost control measures to mitigate the negative impacts of economic slowdown[105]. - The group plans to accelerate capital recovery to manage operational risks effectively[105]. - The Group plans to implement sound financial plans to optimize receivables collection and enhance capital structure to support business development[101]. Corporate Governance - The management discussed the importance of maintaining robust corporate governance practices to enhance shareholder value[14]. - The audit committee emphasized the need for transparency and accuracy in financial reporting to build investor confidence[14]. - The company has adopted the Corporate Governance Code and complied with all applicable provisions during the reporting period, except for the Directors and Officers liability insurance policy which was not renewed due to miscommunication[139]. - The Board consists of two executive Directors and three independent non-executive Directors, ensuring a balanced composition for effective independent judgment[149]. - The independent non-executive Directors provide adequate checks and balances within the Board, contributing diverse industry expertise to the Group's management[149]. - The Board held four meetings during the review period, with full attendance from all directors[177]. - The Company ensures compliance with legal and regulatory requirements through regular reviews of policies and practices[168]. - The Company updates Directors on the latest developments regarding Listing Rules and regulatory requirements to enhance corporate governance practices[179]. - The Company recognizes the importance of diversity in Board composition, considering various factors such as gender and professional qualifications[197]. Employee and Operational Management - As of December 31, 2023, the group had 443 employees, a decrease from 471 employees in 2022[106]. - Total employee costs during the reporting period were approximately RMB 58.2 million, down from approximately RMB 62.7 million in 2022[106]. - The group is committed to ensuring the health and safety of all employees as part of its recovery and growth strategy[105]. - The group is focused on maintaining stability in construction projects, operations, and management[105]. Market Conditions and Economic Impact - The economic downturn in 2023 was attributed to the domestic real estate market decline and increased US Fed interest rates, impacting multiple industries[29]. - The Group has implemented measures to adapt to challenging economic conditions, aiming to not only survive but also thrive in the current business landscape[32]. - Strong relationships with partners and stakeholders have been emphasized, with a commitment to customer satisfaction during economic uncertainty[35]. - The Group's strategy includes fostering innovation and collaboration to meet evolving client needs[35].