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].

Financial Performance - The total 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[5] - The gross profit for the same period was RMB 45,753,000, down 42.8% from RMB 79,838,000 in the previous year[5] - The net loss attributable to the owners of the company for 2023 was RMB 230,665,000, compared to a loss of RMB 340,411,000 in 2022, representing a 32.3% improvement[5] - The group reported a pre-tax loss of RMB 193,801,000 for the year ending December 31, 2023, compared to a pre-tax loss of RMB 301,723,000 for the year ending December 31, 2022[21][22] - The group recorded a net loss of RMB 230,665,000 for the year 2023, compared to a net loss of RMB 340,411,000 in 2022, indicating an improvement of 32.3%[51] - The basic and diluted loss per share for 2023 was RMB 15.34, compared to RMB 22.64 in 2022, indicating a reduction in loss per share by 32.4%[5] - Net loss recorded during the reporting period was approximately RMB 211,900,000, compared to a net profit of about RMB 315,100,000 for the year ended December 31, 2022[84] Assets and Liabilities - Total assets decreased from RMB 1,073,409,000 in 2022 to RMB 804,309,000 in 2023, a decline of 25%[6] - Non-current assets decreased from RMB 1,398,744,000 in 2022 to RMB 1,257,257,000 in 2023, a reduction of 10.1%[6] - Current liabilities increased from RMB 815,243,000 in 2022 to RMB 829,732,000 in 2023, an increase of 1.8%[6] - As of December 31, 2023, the group had a net current liability of approximately RMB 452,948,000, an increase from RMB 325,335,000 as of December 31, 2022[12] - Total liabilities as of December 31, 2023, were approximately RMB 1,016,100,000, compared to about RMB 1,050,900,000 in 2022, with a debt-to-equity ratio increasing to 59.7% from 50.3%[88] Cash Flow and Financing - The company's cash and cash equivalents decreased from RMB 35,067,000 in 2022 to RMB 32,508,000 in 2023, a decline of 7.3%[6] - The board believes that the group has sufficient cash resources to meet its operational funding and financial obligations for at least the next twelve months[14] - The group is actively seeking additional financing and loan sources to settle existing financial obligations and fund future operations and capital expenditures[16] - The group is actively exploring various financing options with multiple financial institutions to secure operational funding for the foreseeable future[68] Revenue Breakdown - External sales for the infrastructure and dredging business segment amounted to RMB 30,069,000, while the environmental dredging and water management segment generated RMB 9,006,000 in external sales for the year ending December 31, 2023[21] - Revenue from the infrastructure and reclamation business was RMB 30,069 thousand, down 68.9% from RMB 96,497 thousand in 2022[33] - Revenue from environmental dredging and water management business was RMB 9,006 thousand, a decline of 47.3% from RMB 17,071 thousand in 2022[33] - Revenue from other maritime business increased to RMB 334,300 thousand, up 24.2% from RMB 269,218 thousand in 2022[33] - The infrastructure and land reclamation segment generated revenue of approximately RMB 30,100,000, a significant decrease of about 68.8% compared to the previous year, primarily due to economic downturns and project delays[70] - The environmental dredging and water management segment recorded revenue of approximately RMB 9,000,000, a decrease of about 47.2% due to a reduction in the number of projects undertaken during the reporting period[70] - The other maritime operations segment achieved revenue of approximately RMB 334,300,000, an increase of 24.2%, driven by a higher number of executed projects, particularly in offshore wind power construction[72] Cost Management - Total operating costs increased to RMB 329,408,000 in 2023 from RMB 305,634,000 in 2022, reflecting a rise of 7.8%[50] - The group continues to implement cost control measures to improve cash flow from operations[16] - The group plans to strengthen cost control and optimize capital structure to support business development amid economic slowdown[93] - The group’s total employee costs decreased to RMB 58,244,000 in 2023 from RMB 62,702,000 in 2022, a reduction of 7.4%[50] Equity and Dividends - The company's equity attributable to owners decreased from RMB 679,675,000 in 2022 to RMB 449,010,000 in 2023, a decrease of 33.9%[7] - The board does not recommend any final dividend for the year ending December 31, 2023, consistent with 2022[95] Governance and Compliance - The company has adopted the corporate governance code and has complied with all applicable provisions during the reporting period[98] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and financial reporting systems for the year ending December 31, 2023[100] - The external auditor confirmed that the financial figures in the announcement align with the audited consolidated financial statements for the year ending December 31, 2023[102] Employee Information - As of December 31, 2023, the company had 443 employees, a decrease from 471 employees in 2022[94]

Financial Performance - The company reported a significant increase in revenue for the six months ended June 30, 2023, with total revenue reaching RMB 500 million, representing a 25% year-over-year growth[12]. - Revenue for the Group increased by 27.8% to approximately RMB 220.7 million, up from approximately RMB 172.7 million in the corresponding period of 2022[28]. - The Group recorded a profit of approximately RMB 25.0 million during the Reporting Period, compared to a loss of approximately RMB 5.9 million in the first half of 2022[18]. - Profit before tax for the six months ended June 30, 2023, was RMB 44,935,000, a substantial rise from RMB 3,762,000 in the same period of 2022[126]. - The total comprehensive income for the period was RMB 24,986,000, compared to a loss of RMB 5,890,000 in the previous year, marking a turnaround[126]. - The Group's gross profit increased by 159% from approximately RMB 28.5 million to approximately RMB 73.7 million for the Reporting Period[36]. - The overall gross profit margin of the Group increased from 16.5% to 33.4% for the Reporting Period[42]. Revenue Segmentation - The CRD Business segment experienced a significant decline in revenue, down approximately 56.2% to RMB 20.9 million due to project delays[29]. - The EPD and Water Management Business segment's revenue decreased by 27.2% to approximately RMB 3.5 million, attributed to fewer projects launched[30]. - Other Marine Business revenue increased by 64.5% to approximately RMB 191.8 million, driven by enhanced equipment capabilities[31]. - The Property Management Business revenue increased by 22.2% to approximately RMB 4.4 million from approximately RMB 3.6 million in the corresponding period of 2022[35]. - The Capital and Reclamation Dredging Business generated revenue of RMB 20,948,000, a significant decrease of 56.1% from RMB 47,708,000 in the previous year[170]. - The Environmental Protection Dredging and Water Management Business reported revenue of RMB 3,474,000, down 27.2% from RMB 4,774,000 in the prior year[170]. - The Other Marine Business saw a substantial increase in revenue to RMB 191,822,000, up 64.4% from RMB 116,645,000 in the same period last year[170]. - Revenue from external customers for the six months ended June 30, 2023, was RMB 208,761,000 from Mainland China, an increase from RMB 130,595,000 in the same period of 2022, representing a growth of approximately 60%[196]. Operational Efficiency and Investments - Investment in new technologies has been prioritized, with RMB 50 million allocated for R&D in environmental protection equipment, aiming to enhance operational efficiency[12]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and operational efficiencies[12]. - The Group's strategic focus includes improving project capacity and seeking growth in emerging markets[20]. - Cost control measures are being implemented to improve cash flow and generate greater positive cash inflows from operations[156]. Cash Flow and Financial Position - Cash flow from operating activities increased by 15%, totaling RMB 120 million, providing a solid foundation for future investments[12]. - Operating cash flows before movements in working capital increased to RMB 103,038,000 in 2023 from RMB 63,487,000 in 2022, representing a growth of 62.4%[133]. - Cash generated from operations rose to RMB 67,672,000 in 2023, compared to RMB 36,649,000 in 2022, marking an increase of 84.7%[133]. - The Group's cash and cash equivalents at the end of the period increased to RMB 40,610,000 in 2023 from RMB 28,216,000 in 2022, an increase of 43.9%[134]. - The Group's total liabilities decreased by about 6.7% to approximately RMB 980.5 million compared to the corresponding period last year[61]. - The Group's debt-to-equity ratio improved to 45.8% as of June 30, 2023, down from 50.3% as of December 31, 2022, primarily due to repayment of bank borrowings[64]. Strategic Outlook - The company provided an optimistic outlook for the second half of 2023, projecting a revenue increase of 30% compared to the first half, driven by ongoing projects and new contract wins[12]. - Market expansion efforts are underway, with plans to enter two new provinces in China by the end of 2023, targeting a 20% increase in market share[12]. - The Group aims to explore dredging project opportunities in Southeast Asia, specifically in Indonesia, Bangladesh, Myanmar, and Thailand[20]. - The company is exploring potential acquisitions to bolster its service offerings, with a focus on companies specializing in dredging and environmental services[12]. Shareholder Information - The company aims to maintain a dividend payout ratio of 40% for the fiscal year, ensuring shareholder returns while reinvesting in growth initiatives[12]. - As of June 30, 2023, Ms. Zhou Shuhua holds 701,819,500 ordinary shares, representing approximately 46.67% of the company's shareholding[88]. - Mr. Liu Kaijin is the beneficial owner of 526,019,500 shares, accounting for about 34.98% of the total shares[99]. - The 2021 Share Option Scheme allows for the issuance of up to 150,388,150 shares, which is 10% of the total shares in issue as of June 17, 2021[102]. Governance and Compliance - As of June 30, 2023, the Audit Committee has reviewed the unaudited consolidated results prior to Board approval, ensuring compliance with accounting principles[106]. - The Remuneration Committee is responsible for reviewing the remuneration packages of executive Directors and senior management, ensuring alignment with corporate goals[108]. - The Nomination Committee is tasked with assessing the independence of independent non-executive Directors and reviewing the Board's structure and composition[116].

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 （於開曼群島註冊成立的有限公司） (股份代號：871) 有關截至二零二三年六月三十日止六個月 未經審核中期業績公告之 補充公告 茲提述中國疏濬環保控股有限公司（「本公司」，連同其附屬公司稱為「本集 團」）截至二零二三年六月三十日止六個月未經審核中期業績公告(「2023 年中期 業績」)。除文義另有所指外，本公告所用詞彙與中期業績內所界定者具有相同涵 義。 本公司注意到在 2023 年中期業績的第 25 頁，標題為「每股虧損 」項下的字句存 在下面劃線標出的兩處無意的排印錯誤: “報告期間每股虧損為約人民幣 0.33 元，而去年同期則為每股虧損約人民幣 1.17 元。” 本公司确认相关字句應按以下所示更正修改: “報告期間每股虧損為約人民幣 0.33 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China 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） 截至二零二三年六月三十日止六個月 未經審核中期業績公告 中國疏浚環保控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈，本公 司及其附屬公司（「本集團」）截至二零二三年六月三十日止六個月（「報告期間」）的 未經審核簡明綜合中期業績，以及截至二零二二年六月三十日止六個月的未經審 核的比較數據如下（均根據香港財務報告準則（「香港財務報告準則」）編製並以人 民幣（「人民幣」）呈列）： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 人民幣千元 人民幣千元 附註 （未經審核） （未經審核） ...

Financial Performance - The company reported a revenue of HK$243 million for the year ended December 31, 2022, reflecting a significant increase compared to the previous year[10]. - Revenue for 2022 was RMB 385,472,000, a slight decrease of 0.24% from RMB 387,389,000 in 2021[16]. - For the financial year 2022, the Group recorded total revenue of approximately RMB 385.5 million, representing a decrease of 0.5% compared to RMB 387.4 million in 2021[30]. - The Group achieved a gross profit of approximately RMB 79.8 million in 2022, significantly up from RMB 34.9 million in 2021[30]. - The Group recorded a net loss of approximately RMB 315.1 million for the year, influenced by a decrease in fair values of investment properties amounting to approximately RMB 142.6 million[30]. - The company reported a profit before tax loss of RMB 301,723,000 for 2022, compared to a profit of RMB 40,642,000 in 2021[16]. - The income tax expense for 2022 was RMB 13,412,000, compared to a tax credit of RMB 613,000 in 2021[16]. - The company’s total equity as of December 31, 2022, was RMB 234,526,000, a decrease from RMB 238,723,000 in 2021[21]. - The Group recorded a net loss of approximately RMB 315.1 million for the reporting period, compared to a net profit of approximately RMB 41.3 million for the year ended December 31, 2021[70]. - The loss per share for the reporting period was approximately RMB 22.64, compared to earnings per share of approximately RMB 1.64 in 2021[71]. Operational Highlights - The management highlighted a 15% growth in user data, indicating an expanding customer base and increased engagement[10]. - The Group plans to stabilize project management and team structures as a top priority for the upcoming year[34]. - The Group is committed to maintaining its core dredging and marine business operations while ensuring quality service for clients[35]. - The Group is actively monitoring market conditions and implementing measures to mitigate the negative impacts of the pandemic, focusing on project cost control and stabilizing operations[97][101]. - The Group aims to leverage opportunities in China's rapidly developing offshore wind power industry to participate in more construction projects[34]. - The Group is leveraging the rapid development of offshore wind power construction to capture more business opportunities in maritime services[95]. Strategic Initiatives - Future outlook includes a projected revenue growth of 20% for the upcoming fiscal year, driven by new project acquisitions and market expansion strategies[10]. - The company is investing in new technologies, with a budget allocation of HK$50 million for research and development in environmental protection solutions[10]. - Market expansion efforts are focused on Southeast Asia, with plans to enter two new countries by the end of 2023[10]. - The company is considering strategic acquisitions to enhance its service offerings, targeting firms with complementary capabilities in dredging and environmental services[10]. - A new product line aimed at sustainable dredging solutions is set to launch in Q2 2023, expected to contribute an additional HK$30 million in revenue[10]. Corporate Governance - The company plans to enhance its corporate governance practices in line with the latest CG Code amendments, ensuring compliance and transparency[10]. - The Company has complied with all applicable code provisions under the Corporate Governance Code[135]. - The Board comprises two executive Directors and three independent non-executive Directors as of the date of the annual report[143]. - The Company is committed to maintaining good corporate governance practices and procedures[142]. - The independent directors contribute to the Group's strategic direction and risk management, leveraging their industry expertise[121]. Financial Position - Non-current assets decreased to RMB 1,398,744,000 in 2022 from RMB 1,641,985,000 in 2021, representing a decline of 14.8%[18]. - Current assets also fell to RMB 489,908,000 in 2022, down 22% from RMB 627,664,000 in 2021[18]. - Total net assets decreased to RMB 837,764,000 in 2022 from RMB 1,160,689,000 in 2021, a reduction of 27.7%[18]. - Current liabilities remained relatively stable at RMB 815,243,000 in 2022, compared to RMB 822,041,000 in 2021[18]. - Total liabilities amounted to approximately RMB 1,050.9 million as of December 31, 2022, down from approximately RMB 1,109.0 million as of December 31, 2021[79]. - The gearing ratio increased to 50.3% as of December 31, 2022, compared to 46.1% in 2021[79]. Challenges and Risks - The Group's operational challenges were exacerbated by the COVID-19 pandemic, impacting construction schedules and costs[29]. - In 2022, the environmental dredging and water management business was severely impacted by project delays, but the Group expects normal progress to resume as the economy recovers[95]. - The allowance for expected credit losses on trade receivables and contract assets was approximately RMB 164.7 million for the Reporting Period, a significant increase from a reversal of approximately RMB 7.5 million in the previous year[53]. Human Resources - The total staff cost for the reporting period was approximately RMB 62.7 million, an increase from approximately RMB 56.7 million in 2021, with a reduction in employees from 522 to 471[100][102]. - The Group has implemented timely health and safety measures for employees to support recovery and development[99].

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 （於開曼群島註冊成立的有限公司） （股份代號：871） 截至二零二二年十二月三十一日止年度 全年業績公告 中國疏浚環保控股有限公司（「本公司」）及其附屬公司（統稱「本集團」）董事（「董事」） 會（「董事會」）宣佈本集團截至二零二二年十二月三十一日止年度之經審核綜合財 務業績連同截至二零二一年十二月三十一日止年度之經審核比較數字載列如下， 兩者均以中華人民共和國（「中國」）之法定貨幣人民幣（「人民幣」）呈列。 ...