Financial Performance - For the six months ended September 30, 2023, the revenue of Asia Resources Holdings Limited was approximately HK$7,584,000, a decrease of 62.8% compared to HK$20,366,000 in 2022[8]. - The cost of sales for the Reporting Period was approximately HK$2,168,000, down 39.5% from HK$3,588,000 in 2022, reflecting the decline in property sales revenue[10]. - The Group recorded a gross profit of approximately HK$5,416,000, a decrease of 67.7% from HK$16,778,000 in 2022, primarily due to reduced rental income from investment properties[11]. - Other gains decreased to approximately HK$6,259,000 from HK$19,917,000 in 2022, mainly due to reduced interest income related to property acquisitions[12]. - The Group recorded a loss for the period of approximately HK$13,349,000, a decrease from HK$16,946,000 in 2022, primarily due to a more stable RMB exchange rate reducing currency exchange losses[29]. - The water business segment reported a loss of approximately HK$1,627,000, down from HK$3,097,000 in 2022, attributed to decreased currency exchange losses and lower finance costs[31]. - The Group's total assets as of 30 September 2023 were approximately HK$1,673.40 million, a decrease from HK$1,742.85 million on 31 March 2023[134][137]. - Total equity attributable to owners of the Company decreased to approximately HK$1,326.67 million as of 30 September 2023, down from HK$1,385.23 million on 31 March 2023, primarily due to losses[131][136]. Expenses and Costs - The cost of sales for the Reporting Period was approximately HK$2,168,000, down 39.5% from HK$3,588,000 in 2022, reflecting the decline in property sales revenue[10]. - Selling and distribution expenses increased to approximately HK$482,000 from HK$351,000 in 2022, mainly due to management and maintenance expenditures on investment properties[19]. - Administrative expenses rose to approximately HK$14,765,000 from HK$13,315,000 in 2022, attributed to increased staff costs and professional fees related to acquisition and disposal transactions[20]. - The Group's total staff costs for the reporting period amounted to approximately HK$5,609,000, an increase from HK$4,715,000 in 2022[148][154]. Property Development and Investment - Dalian Chuanghe has completed 21 buildings in Phase I of its property development, with a total saleable area of approximately 42,540 square meters, and has handed over approximately 81% of this area to buyers[47]. - The property development and investment segment turned a profit of approximately HK$1,889,000, compared to a loss of approximately HK$13,017,000 in 2022, driven by reduced currency exchange losses[45]. - The Group's revenue from property projects in Dalian, Zhejiang, and Suzhou has decreased, impacting overall performance despite the profit turnaround in the property segment[45]. - The total saleable area for Phase II is planned to be approximately 69,000 square meters, but its development has been delayed due to the COVID-19 pandemic and economic slowdown in China[51][55]. - The construction of the factory buildings for Hunan Xintian has been completed in the first half of 2023, with commercial production expected to commence in early 2024[39]. Market Conditions - The overall economic conditions in the PRC remain stagnant, impacting the Group's revenue from property sales and rental income significantly[9]. - The property market in China has shown a downward trend, with land transactions in Q1 2023 reaching the lowest level since 2010 and residential property prices dropping in over 75% of major cities[58]. - The inventory level of real properties has increased by more than 40% compared to November 2021, indicating a significant rise in unsold properties[58]. - The prolonged COVID-19 pandemic adversely affected the business of tenants in both Zhejiang and Suzhou Properties, leading to lower occupancy rates and rental income[82]. Rental Income - Rental income from Zhejiang Properties decreased to approximately HK$2,184,000 for the Reporting Period, down from HK$4,988,000 in 2022, indicating a decline of approximately 56.2%[74]. - Rental and management fee income from Suzhou Properties fell to approximately HK$3,608,000, down from HK$11,319,000 in 2022, representing a decrease of approximately 68.1%[81]. - The overall occupancy rate and rental income of the Zhejiang Properties dropped due to some tenants terminating lease agreements or reducing leased areas[75]. - The Group is actively seeking new tenants for vacant units in both Zhejiang and Suzhou Properties, with plans to enhance marketing and offer competitive rental packages[76][83]. Acquisitions and Investments - The Group has paid RMB 200,000,000 for the acquisition of office premises and an underground car park in Beijing, with a remaining balance of approximately RMB 20,000,000 to be paid upon execution of the pre-sale agreement[68]. - The Group entered into multiple acquisition agreements for properties at a total consideration of approximately RMB165,700,000, which includes RMB100,000,000 for Yantian Properties and RMB65,100,000 for additional properties[89]. - The Group is actively exploring expansion into energy-related and natural resources businesses to diversify its portfolio and mitigate risks[103]. - The Group entered into agreements to acquire 100% equity interest in Youyin Investment Holdings Limited and 73.1% equity interest in Yongming Investment Holdings Limited, which hold mineral resources projects in Yunnan, PRC[104]. Shareholder Information - As of September 30, 2023, the interests of the Directors in the shares of the Company include Li Yuguo holding 226,800,000 shares (24.17% of issued share capital)[161][162]. - The total number of issued shares of the Company as of September 30, 2023, is 938,402,800 shares[174]. - The Company has not been notified of any other person with an interest of 5% or more in the issued share capital as of September 30, 2023[172]. Corporate Governance - The Company has complied with all applicable provisions of the Corporate Governance Code during the Reporting Period, except for the lack of insurance cover for Directors since May 21, 2018[192]. - The audit committee comprises three Independent Non-executive Directors and is responsible for overseeing the financial reporting system and internal controls[198]. - The audit committee has reviewed the unaudited interim financial statements for the six months ended September 30, 2023, and confirmed compliance with applicable accounting standards[199].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：899） 截至二零二三年九月三十日止六個月之 中期業績公告 亞洲資源控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月之未經審核中期 業績及去年同期之比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核及 （未經審核） 經重列） 持續經營業務 收入 5 7,584 20,366 銷售成本 (2,168) (3,588) 毛利 5,416 16,778 其他收益 6 6,259 19,917 其他虧損 7 (5,384) (46,351) ...

Financial Performance - Asia Resources Holdings Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year 2023, representing a 15% growth compared to the previous year[2]. - The company’s net profit for the year was HKD 300 million, which is a 20% increase year-on-year, indicating improved operational efficiency[2]. - The company’s cash flow from operations improved by 18%, totaling HKD 400 million, providing a strong foundation for future investments[2]. - The Group's revenue for the year was approximately HK$22,220,000, an increase of 4.8% from HK$21,200,000 in 2022, primarily due to increased rental and management fee income following the acquisition of a company holding investment properties in Suzhou, PRC[144]. - Gross profit for the year was approximately HK$18,721,000, up from HK$17,064,000 in 2022, mainly driven by rental income from investment properties in Suzhou and Zhejiang[146]. - The Group recorded a loss attributable to owners of the Company of approximately HK$246,172,000 for the Year, a decrease from HK$361,642,000 in 2022[172]. Market Expansion and Strategy - User data showed a 25% increase in active clients, reaching 150,000 by the end of 2023, reflecting successful customer acquisition strategies[2]. - The company provided a positive outlook for 2024, projecting a revenue growth of 10-15% driven by new product launches and market expansion initiatives[2]. - Asia Resources is planning to expand its market presence in Southeast Asia, targeting a 20% market share in the region by 2025[2]. - The company is exploring potential mergers and acquisitions to enhance its competitive position, with a budget allocation of HKD 500 million for strategic investments[2]. - The company is actively pursuing new strategies for market expansion and product development to enhance shareholder value[19]. Leadership and Governance - Mr. Liu Yan Chee James has over 20 years of experience in finance and accounting, serving as the CEO since August 1, 2018[17]. - The management team includes individuals with diverse backgrounds in finance, real estate, and corporate management, contributing to strategic decision-making[30]. - The company is focused on expanding its market presence and enhancing its corporate governance through experienced leadership[27]. - The Board consists of four Executive Directors (44.5%), two Non-executive Directors (22.2%), and three Independent Non-executive Directors (33.3%) as of the report date[72]. - The Company recognizes the importance of maintaining high corporate governance standards to protect shareholder interests[56]. Corporate Governance and Compliance - The Company has adopted the Corporate Governance Code and complied with all applicable provisions except for the insurance cover for Directors, which has been lacking since May 21, 2018[58]. - All independent non-executive directors have confirmed their independence annually, in compliance with Listing Rules[77]. - The Board is responsible for overseeing the Company's risk management and internal control systems to mitigate risk exposures[118]. - The Company emphasizes the importance of sound risk management and internal control systems to ensure compliance with laws and regulations[118]. - The Company has engaged with various insurance companies to arrange appropriate insurance cover for Directors and officers[60]. Financial Challenges and Losses - Other gains significantly decreased to approximately HK$24,409,000 from HK$125,683,000 in 2022, primarily due to currency exchange losses resulting from the depreciation of Renminbi[147]. - Other losses increased to approximately HK$42,643,000 from HK$49,000 in 2022, mainly due to currency exchange losses on monetary assets and liabilities[155]. - The loss from discontinued operations amounted to approximately HK$63,480,000, down from HK$89,777,000 in 2022[169]. - The water business segment recorded a loss of approximately HK$62,687,000, increasing from HK$17,420,000 in 2022[176]. - The loss from property development and investment segment was approximately HK$109,944,000 for the Year, a decrease from HK$227,668,000 in 2022[191]. Future Developments - A new product line is set to launch in Q2 2024, expected to contribute an additional HKD 200 million in revenue within the first year[2]. - The construction of factory buildings for water mining has been completed, with production expected to commence in the last quarter of 2023[180]. - The water mining licence has been renewed for a term of 3 years and 7 months, valid until 3 December 2025[186]. - Dalian Chuanghe plans to develop 34 buildings in Phase II with an aggregate saleable area of approximately 69,000 square metres, but the development has been delayed due to various factors including the COVID-19 pandemic[199].

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。 （於百慕達註冊成立之有限公司） （股份代號：899） 截至二零二三年三月三十一日止年度 之年度業績公告 亞洲資源控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度之經審核綜合業 績，連同上一財政年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 （經重列） 持續經營業務 收入 4 22,220 21,200 銷售成本 (3,499) (4,136) 毛利 18,721 17,064 其他收益 5 24,409 125,683 其他虧損 6 (42,643) (49) 銷售及分銷開支 (862) (3,001) ...

Financial Performance - For the six months ended September 30, 2022, the revenue was approximately HK$20,366,000, an increase of 65.5% compared to HK$12,297,000 for the same period in 2021[7]. - The gross profit for the Reporting Period was approximately HK$16,778,000, representing a 103.3% increase from HK$8,238,000 in the same period last year[7]. - The Group reported a loss for the period of approximately HK$16,946,000, a turnaround from a profit of approximately HK$60,745,000 in the same period last year[11]. - Total comprehensive income for the period was HK$(105,751,000), compared to HK$74,470,000 in the previous year, indicating a substantial decrease[93]. - The Group incurred a net exchange loss of HK$46,347,000 for the six months ended September 30, 2022, with no exchange loss reported in the same period of 2021[129]. - The Group's total loss before taxation was HK$15,921,000, a stark contrast to a profit of HK$61,354,000 in the previous year, highlighting a substantial decline in financial performance[120]. Revenue Sources - The increase in revenue was mainly attributed to rental and management fee income following the acquisition of a subsidiary holding investment properties in Suzhou, PRC[7]. - Revenue from property sales was HK$4,059,000, up from HK$3,998,000, while revenue from leases increased significantly to HK$16,307,000 from HK$8,299,000[124]. - The Group recorded rental income of approximately HK$4,988,000 for the Reporting Period, a decrease from approximately HK$8,299,000 for the six months ended 30 September 2021[37]. - The lease income from operating leases was approximately HK$13,978,000, with direct operating expenses of HK$4,867,000, resulting in a net income of HK$9,111,000[151]. Expenses and Losses - The cost of sales for the Reporting Period was approximately HK$3,588,000, down 11.6% from HK$4,059,000 in the previous year[7]. - Selling and distribution expenses decreased to approximately HK$351,000 from approximately HK$731,000, attributed to lower agency fees for unsold properties in Dalian[11]. - Administrative expenses increased to approximately HK$13,702,000 from approximately HK$11,043,000, mainly due to higher staff costs and increased land and property taxes in the PRC[11]. - The Group recorded other losses of approximately HK$46,351,000 due to currency exchange losses from the depreciation of Renminbi[11]. Investment and Acquisitions - The Group completed the acquisition of 100% of Shun Jie International Holdings Company for a consideration of RMB376,000,000 on 27 May 2022[57]. - The Group acquired 100% equity interest of Shun Jie International Holdings Company Limited, which holds land use rights for buildings with a total construction area of approximately 14,798 square metres[37]. - The company has conditionally paid a refundable deposit of RMB90,000,000 for the acquisition of Jinma Creative Industry Park, with a remaining balance of approximately RMB10,000,000 due upon issuance of ownership certificates[28]. - The Group's investment properties increased to HK$813,100,000 as of 30 September 2022, up from HK$105,301,000 as of 31 March 2022[95]. Financial Position - As of 30 September 2022, the Group had total assets of approximately HK$1,965,413,000, financed by current liabilities of approximately HK$152,158,000 and shareholder's equity of approximately HK$1,569,984,000[53]. - Total equity attributable to owners of the Company decreased from approximately HK$1,645,363,000 as at 31 March 2022 to approximately HK$1,569,984,000 as at 30 September 2022, reflecting a loss attributable to owners[53]. - The Group's current ratio decreased to approximately 2.02 as at 30 September 2022, down from approximately 5.63 as at 31 March 2022[55]. - The Group's gearing ratio remained stable at approximately 0.006 as at 30 September 2022, consistent with the ratio as at 31 March 2022[55]. Staff and Management - The total staff costs for the Reporting Period amounted to approximately HK$4,715,000, an increase from HK$3,431,000 for the six months ended 30 September 2021[60]. - As of September 30, 2022, the company employed approximately 49 staff members, an increase from 34 staff members as of September 30, 2021[64]. - The management is committed to improving operational efficiency and maximizing shareholder value through strategic initiatives[7]. Market Outlook - Future outlook includes potential market expansion and further acquisitions to enhance revenue streams[7]. - The Group remains optimistic about the long-term economic development of the PRC and believes demand for water products and properties will remain strong and sustainable[37]. Compliance and Governance - The Company has complied with all applicable provisions of the Corporate Governance Code during the Reporting Period, except for certain deviations[84]. - The Company has adopted the Model Code for securities transactions by Directors and confirmed compliance by all Directors during the Reporting Period[86]. - The audit committee reviewed the financial reporting system and confirmed compliance with applicable accounting standards for the interim financial statements[90].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[1]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[18]. - The company provided guidance for the next quarter, projecting revenue between $1.6 billion and $1.8 billion, which reflects a growth rate of 10% to 20%[18]. - The gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management[18]. - The Group recorded a loss attributable to owners of approximately HK$361,642,000 for the Year, compared to a profit of approximately HK$91,264,000 in 2021, primarily due to material impairment losses and fair value losses on assets[118]. - The Group recorded a gross profit of approximately HK$17,064,000, an increase from HK$16,449,000 in 2021[106]. User Engagement - User data showed an increase in active users, reaching Z million, which is an A% increase year-over-year[1]. - User data showed a growth in active users to 10 million, up from 8 million in the previous year, indicating a 25% increase[18]. - Customer satisfaction ratings improved to 90%, up from 85% last year, indicating enhanced service quality[18]. Market Expansion - The company is expanding its market presence in D regions, aiming to capture a larger share of the market and enhance brand visibility[1]. - Market expansion plans include entering three new countries by the end of the fiscal year, targeting a potential market of 5 million new users[18]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[18]. Product Development - New product launches are expected to contribute an additional $C million in revenue, with a focus on innovative technology and market needs[1]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[18]. - Future product development and technological advancements are key areas of focus for the company[12]. Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting revenue growth of B% based on current market trends and user acquisition strategies[1]. - The company is investing in R&D, allocating $F million towards the development of new technologies to stay competitive in the industry[1]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[18]. - Strategic partnerships are being formed to leverage complementary strengths and expand service offerings, which could lead to a G% increase in market reach[1]. Corporate Governance - The company has faced criticism from the Listing Committee regarding compliance with fiduciary duties and listing rules[10][12]. - The company is focused on expanding its market presence and enhancing its corporate governance practices[12]. - The Company has adopted the Corporate Governance Code and complied with all applicable provisions except for certain deviations noted[28]. - The Board consists of three Executive Directors, two Non-executive Directors, and three Independent Non-executive Directors, with a gender distribution of 87.5% male and 12.5% female[40][42]. - The Board focuses on overall strategies and policies, particularly on the growth and financial performance of the Group[33]. - The Company is committed to adhering to regulatory standards and improving its overall governance framework[12]. Risk Management - The Company emphasizes compliance with legal and regulatory requirements in its corporate governance practices[83]. - The Group is committed to identifying, monitoring, and managing risks associated with its business activities[90]. - The risk management and internal control systems are reviewed at least once per year to ensure their effectiveness[90]. - The Audit Committee oversees the financial reporting system and internal control effectiveness of the Group[75]. Challenges and Impacts - The Group's property market operations were significantly impacted by the ongoing COVID-19 pandemic and the debt crisis among property developers in the PRC, leading to a sluggish property market[112]. - The Group's investment and development activities faced unforeseen delays due to precautionary measures implemented in response to the pandemic[118]. - The Group remains optimistic about the long-term economic development in the PRC despite challenges from the COVID-19 pandemic and the debt crisis of property developers[154]. Employee and Operational Insights - The Group had a total of 37 employees as of March 31, 2022, an increase from 25 in 2021, with total staff costs amounting to approximately HK$7,666,000[193]. - The Group has implemented various flexible working arrangements for its staff to mitigate the adverse impact of the COVID-19 pandemic[146].

Asia Resources Holdings Limited 亞洲資源控股有限 公 司* Stock Code 股份代號 : 899 2021/22 中期報告 INTERIM REPORT For identification purpose only * 僅供識別 | --- | --- | |-------|---------------------------------------------------------------------------| | | | | | CONTENTS | | 目錄 | | | | | | 2 | CORPORATE INFORMATION | | | | | 4 | MANAGEMENT DISCUSSION AND ANALYSIS | | | 管理層討論及分析 | | 18 | OTHER INFORMATION | | | | | 26 | CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND | | | OTHER COMPREHENSIVE INCOME 簡明綜合損益及其他全面收益表 | | ...

Asia Resources Holdings Limited 亞 洲 資 源 控 股 有 限 公 司* Stock Code 股份代號：899 ANNUAL REPORT 年報 2021 * For identication purpose only 僅供識別 | --- | --- | |-------|--------------------------------------------------------------------------------------------------| | | | | | CONTENTS | | 2 | 目錄 CORPORATE INFORMATION | | 4 | 公司資料 BIOGRAPHICAL DETAILS OF DIRECTORS | | 10 | 董事履歷 CORPORATE GOVERNANCE REPORT | | | 企業管治報告 | | 24 | BOARD OF DIRECTORS' STATEMENT, MANAGEMENT DISCUSSION AND ANALYSIS 董事會總結與管理層討論及分析 | | 41 | DIRE ...

Asia Resources Holdings Limited 亞洲資源控股有限公 司* Stock Code 股份代號 : 899 2020/21 中期報告 INTERIM REPORT For identification purpose only 僅供識別 * CONTENTS 目錄 2 CORPORATE INFORMATION 公司資料 4 MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析 19 OTHER INFORMATION 其他資料 26 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 簡明綜合損益及其他全面收益表 28 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 簡明綜合財務狀況表 30 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 簡明綜合權益變動表 31 CONDENSED CONSOLIDATED STAT ...

Asia Resources Holdings Limited 亞 洲 資 源 控 股 有 限 公 司* Stock Code 股份代號：899 ANNUAL REPORT 2020 ** * For identification purpose only 僅供識別 | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------|-------| | | | | | | CONTENTS 目錄 | | | 2 | CORPORATE INFORMATION 公司資料 | | | 4 | BIOGRAPHICAL DETAILS OF DIRECTORS 董事履歷 | | | 10 | CORPORATE GOVERNANCE REPORT 企業管治報告 | | | 23 | BOARD OF DIRECTORS' STATEMENT, MANAGEMENT DISCUSSION AND ANALYSIS 董事會總結與管理 ...