Financial Performance - Revenue for the six months ended December 31, 2023, was HKD 38,625,000, a decrease of 13% compared to HKD 44,404,000 for the same period in 2022[8]. - The company reported a loss before tax of HKD 3,164,000, an improvement from a loss of HKD 7,432,000 in the previous year[8]. - Total comprehensive loss for the period was HKD 2,944,000, compared to HKD 9,265,000 in the same period last year, indicating a significant reduction in losses[10]. - The basic and diluted loss per share for continuing operations was HKD 0.39, an improvement from HKD 0.72 in the previous year[10]. - The company reported a loss attributable to owners of HKD 9,470,000 for the period, compared to a loss of HKD 7,432,000 in the previous year, indicating an increase in losses of approximately 27.5%[14]. - The total comprehensive loss for the period was HKD 8,999,000, which includes a foreign exchange gain of HKD 471,000[14]. - The pre-tax loss for the six months ended December 31, 2023, was HKD 4,574,000, compared to a loss of HKD 9,470,000 for the same period in 2022, reflecting a 51.7% improvement[34]. - The net loss attributable to the owners of the company for the same period was approximately HKD 4,600,000, a reduction of 51.6% from HKD 9,500,000 in the previous year[82]. Cash Flow and Liquidity - The company’s cash and cash equivalents increased to HKD 26,821,000 from HKD 14,849,000, reflecting a strong liquidity position[12]. - The cash used in operating activities was HKD 13,494,000, an increase from HKD 9,774,000 in the previous year, reflecting a worsening cash flow situation[16]. - The cash and cash equivalents at the end of the period increased to HKD 26,821,000 from HKD 23,170,000, showing a net increase of HKD 3,651,000[18]. - The company raised HKD 27,760,000 from the issuance of share capital during the period, significantly improving its financing activities[18]. Assets and Liabilities - As of December 31, 2023, total assets amounted to HKD 71,252,000, an increase from HKD 50,687,000 as of June 30, 2023, representing a growth of approximately 40.6%[32]. - Total liabilities as of December 31, 2023, were HKD 9,196,000, down from HKD 12,246,000 as of June 30, 2023, indicating a reduction of about 25.0%[32]. - The company’s total equity decreased to HKD 33,855,000 as of July 1, 2023, down from HKD 43,120,000 at the end of 2022, reflecting a decline in shareholder value[14]. Revenue Segments - Revenue from the renewable energy segment (recycled oil/biodiesel trade) was HKD 35,315,000, down 14% from HKD 41,045,000 year-on-year[24]. - The construction waste trade segment generated revenue of HKD 1,640,000, an increase of 19% from HKD 1,374,000 in the previous year[24]. - The total revenue from discontinued operations was HKD 0, down from HKD 1,754,000 in the previous year[24]. - The renewable energy segment recorded revenue of approximately HKD 35,300,000, down about 13.9% from HKD 41,000,000 in the prior year, primarily due to weak demand for biodiesel[83]. - The construction waste and processing services segment generated revenue of approximately HKD 2,000,000, a slight decrease from HKD 2,100,000 in the previous year due to intense local competition[84]. - The plastic recycling and metal waste segment recorded revenue of approximately HKD 1,200,000, unchanged from the previous year, facing significant challenges due to weak demand and price pressures[86]. Operational Developments - The company plans to focus on market expansion and new product development to drive future growth[7]. - The company has established a strong network in the renewable energy sector, focusing on the trade of recycled oil and biodiesel since 2017[55]. - The company has built solid relationships with reputable consulting and brokerage firms, enhancing its market access and customer acquisition in the renewable energy business[56]. - The company has established its own storage and processing plant in Hong Kong for waste cooking oil, obtaining the necessary permits for operations[61]. - A dedicated fleet for collecting waste cooking oil has been set up in Hong Kong, with plans to expand the fleet as the economy recovers[62]. - The company has strengthened its operational team by hiring additional staff with experience in the waste cooking oil market, enhancing its procurement capabilities[66]. - The company has ceased high-end plastic recycling operations in Japan since April 2022 due to a prolonged shortage of raw materials[68]. Corporate Governance and Compliance - The company has adopted a new stock option plan, terminating the old plan established in 2006, with no impact on unexercised options from the old plan[112]. - The board believes that having the same person serve as both Chairman and CEO can enhance leadership and improve business decision-making efficiency[114]. - An audit committee has been established in accordance with listing rules, reviewing accounting principles, risk management systems, and financial reporting matters[118]. - All directors have confirmed compliance with the standard code of conduct for securities trading throughout the reporting period[117]. Future Outlook - The outlook for 2024 indicates a potential slowdown in global GDP growth due to high interest rates and economic uncertainties, with challenges anticipated in the renewable energy sector, particularly in the European biodiesel market[101]. - The company plans to reassess the commercial viability of its plastic recycling operations in Germany due to ongoing market challenges and intends to allocate resources more effectively[102]. - The company is exploring new business opportunities, including the launch of an iron ore business in late February 2024, leveraging its existing connections in the metal scrap trading sector[102].

Financial Performance - Revenue for the six months ended December 31, 2023, was HKD 38,625,000, a decrease of 13% compared to HKD 44,404,000 for the same period in 2022[4] - Other income decreased significantly to HKD 149,000 from HKD 1,191,000, representing an 87% decline[4] - The gross loss for the period was HKD 3,164,000, an improvement from a loss of HKD 7,432,000 in the previous year, indicating a 57% reduction in losses[4] - The total comprehensive loss for the period was HKD 2,944,000, compared to HKD 9,265,000 in the prior year, reflecting a 68% improvement[7] - Basic and diluted loss per share for continuing operations was HKD 0.39, down from HKD 0.72 in the previous year[9] - The group reported a loss before tax of HKD 3,164,000 for the six months ended December 31, 2023, compared to a loss of HKD 9,666,000 for the same period in 2022[25] - The net loss attributable to the owners of the company for the six months ended December 31, 2023, was approximately HKD 4,600,000, a reduction of 51.6% from HKD 9,500,000 in the same period last year[86] Assets and Liabilities - Non-current assets decreased to HKD 22,985,000 from HKD 24,557,000, a decline of 6%[10] - Current assets increased significantly to HKD 48,267,000 from HKD 26,130,000, representing an 85% increase[10] - The total assets of the group as of December 31, 2023, amounted to HKD 71,252,000, with total liabilities of HKD 9,196,000[27] - The group’s total liabilities include trade payables and accrued expenses amounting to HKD 6,402,000 from continuing operations[27] - The company reported a total liability of HKD 12,246 million, with segment liabilities at HKD 7,162 million[29] Revenue Segments - Total revenue from continuing operations for the six months ended December 31, 2023, was HKD 38,625,000, a decrease of 13.4% compared to HKD 44,404,000 for the same period in 2022[21] - Revenue from the renewable energy segment (recycled oil/biodiesel trade) was HKD 35,315,000, down 13.9% from HKD 41,045,000 in the previous year[24] - The construction waste trade segment generated revenue of HKD 1,970,000, a decrease of 4.6% from HKD 2,066,000 in the same period last year[24] - The renewable energy business segment achieved a threefold increase in net profit due to the strategic shift towards high-value operations in the collection and processing of waste cooking oil[86] - Construction waste and processing services generated revenue of approximately HKD 2 million, a slight decrease from HKD 2.1 million due to intense regional competition[88] - The plastic recycling and metal waste segment maintained revenue at approximately HKD 1.2 million, facing significant challenges from weak demand and rising costs[90] - The lending business reported stable revenue of approximately HKD 100,000, with a cautious approach to new loans due to tightening financing conditions[91] Operational Developments - The company continues to focus on its core business activities, including construction waste trading and recycling services, while exploring new market opportunities[13] - The renewable energy business has established a strong network for sourcing waste cooking oil and biodiesel, enhancing supply stability and customer satisfaction[55] - The group has expanded its operational team in Hong Kong to improve procurement capabilities and customer outreach in the waste cooking oil market[60] - A new storage and processing facility for waste cooking oil has been successfully established in Hong Kong, enhancing operational capacity[61] - The group has begun collecting waste cooking oil using its own fleet of collection vehicles, improving logistics and operational efficiency[62] - The construction waste and processing services business in Germany has established stable operations and long-term relationships with local partners and customers[65] Employee and Cost Management - Employee costs for the six months ended December 31, 2023, were HKD 7,192 million, a decrease of 20.2% from HKD 9,006 million in the same period of 2022[32] - As of December 31, 2023, the company had 35 employees, a decrease from 37 employees as of June 30, 2023[107] Financial Strategy and Future Outlook - The company anticipates a slowdown in global GDP growth in 2024 due to high interest rates and economic uncertainty, but expects a recovery in the Asian waste cooking oil market[104] - The company has no significant capital commitments or contingent liabilities as of December 31, 2023[102][103] - The company is reassessing the commercial viability of its plastic recycling business in Germany due to significant challenges and pressures in the industry, with expectations for 2024 to remain challenging[106] Share Capital and Dividends - The issued share capital increased to HKD 135,631,000 after the placement of 220,000,000 shares at a price of HKD 0.128 per share, aimed at providing additional working capital[50] - The company did not declare an interim dividend for the six months ended December 31, 2023, consistent with the previous year[38] - The board of directors does not recommend the payment of an interim dividend for the six months ending December 31, 2023[108] Compliance and Risk Management - The group has not adopted any new or revised Hong Kong Financial Reporting Standards that may impact the financial statements significantly[18] - The group is currently evaluating the potential impact of future new or revised Hong Kong Financial Reporting Standards but has not yet estimated their effects[18] - The audit committee has reviewed the accounting principles and policies adopted by the group and discussed risk management systems and financial reporting matters[113]

Financial Performance - The Group's total revenue for FY2023 was approximately HK$82.5 million, a decrease of 81.3% compared to FY2022's revenue of approximately HK$441.3 million[13]. - Revenue from the renewable energy segment, specifically trading and processing of recyclable oil/biodiesel, was approximately HK$73.1 million in FY2023, down from approximately HK$424.2 million in FY2022, reflecting a drop of 82.8%[15]. - The revenue from the waste construction materials and processing service segment was approximately HK$4.1 million for FY2023, down from approximately HK$5.2 million in FY2022, reflecting a decrease of 21.2% due to a lack of incoming materials and intense regional competition[24]. - The plastic recycling and metal scrap business recorded revenue of approximately HK$2.6 million for FY2023, down from approximately HK$4.2 million in FY2022, indicating a decline of 38.1% due to market uncertainties and high price volatility[27]. - The healthcare business generated revenue of approximately HK$2.5 million for FY2023, significantly lower than approximately HK$7.6 million in FY2022, marking a decrease of 67.1% before the subsidiary was sold in June 2023[31]. - The money lending business reported revenue of approximately HK$0.2 million for FY2023, a new revenue stream compared to nil in FY2022, amid tighter financing conditions and anticipated credit risks[30]. - The net loss attributable to owners of the Company for FY2023 was approximately HK$9.0 million, a 67.5% year-on-year reduction from HK$27.7 million in FY2022[122]. - Total revenue for FY2023 was approximately HK$82.5 million, representing an 81.3% decrease compared to HK$441.3 million in FY2022[121]. - Revenue from the renewable energy segment was approximately HK$73.1 million, down 82.8% from HK$424.2 million in FY2022, while net profit for this segment increased by 35.9% to HK$5.3 million[124]. - The healthcare business recorded a revenue of approximately HK$2.5 million for FY2023, down from HK$7.6 million in FY2022, with a net loss of approximately HK$4.8 million, a 42.2% reduction year-on-year[133]. - Revenue from the plastic recycling/metal scrap sector was approximately HK$2.6 million, a 38.1% decrease from HK$4.2 million in FY2022, with a net loss of approximately HK$4.9 million[130]. - The waste construction materials and processing service segment reported revenue of approximately HK$4.1 million, down from HK$5.2 million in FY2022, with a net profit of approximately HK$0.3 million[125]. Strategic Initiatives - The strategic shift to processing and sales of used cooking oils resulted in a net profit of HK$5.3 million for FY2023, compared to HK$3.9 million in FY2022[23]. - The Group established its own storage and processing factory for used cooking oils in 2022, enhancing its local supplier network in Hong Kong[22]. - The Group's focus on the sales of palm oil mill effluent methyl ester in FY2022 was a response to the adverse impacts of the coronavirus pandemic, despite lower profit margins[22]. - The Group's strategic focus on local collection and processing of used cooking oil aims to improve profitability amidst challenging market conditions[22]. - The Group has established its own storage and processing facility for used cooking oil, aiming to enhance revenue sources despite challenging economic conditions[25]. - The Group has built a local supplier network and secured exclusive rights to collect used cooking oils from food and beverage providers in Hong Kong[93]. - The Group has expanded its operational team by hiring additional staff with relevant experience in the collection and trading of used cooking oils[90]. - The Group's renewable energy business is expected to see increased gross margins as it shifts its strategy towards collecting and processing used cooking oil[41]. - The Group may take necessary actions to minimize losses in certain business segments to preserve funding for renewable energy development and potential new projects[46]. Market Conditions - Oil prices experienced significant volatility in 2022, impacting profit margins in the renewable energy segment due to reduced prices of used cooking oil[21]. - The global economy is gradually recovering from the pandemic, but significant downside risks remain, with signs of low growth amid stubborn inflation and rising interest rates[37]. - The European market for recycled plastic is under severe pressure, with demand for mechanically recycled polymers at its lowest in several years, impacting producer margins[28]. - The ongoing geopolitical tensions, particularly between the U.S. and China, could impede trade and investments, affecting the Group's operations[43]. - The global economic recovery remains weak, with signs indicating a loss of momentum in global activity due to ongoing high inflation and tightening monetary policy[40]. - Demand for used cooking oil (UCO) for biodiesel production is expected to increase, particularly from the European Union, due to changes in climate legislation and new proposals[38]. - The market for used cooking oil (UCO) is expected to grow due to increased demand from the European Union, driven by revised climate legislation and new proposals[41]. - The plastic recyclables market is facing severe pressure, with prices declining due to low demand and cheaper virgin material prices, impacting consumption and demand significantly[42]. Operational Efficiency - The Group has engaged in renewable energy, waste construction materials, plastic recycling, money lending, and discontinued healthcare business after June 2023[75][79]. - The Group has been actively involved in the waste construction materials and processing service since 2007, establishing stable operations and long-term relationships in Germany[94]. - The Group has ceased its high-grade plastic recycling operations in Japan since April 2022 due to a shortage of feedstock supply[104]. - Legal and professional fees were reduced by approximately HK$4.5 million due to stringent cost control measures[122]. - The closure of the Japanese plastic recycling plant resulted in savings of approximately HK$1.5 million, while the discontinued healthcare operations saved approximately HK$5.0 million in expenditures[139]. - Total expenditures for FY2023 were approximately HK$50.9 million, slightly down from approximately HK$52.6 million in FY2022, with transportation costs increasing to approximately HK$12.0 million from approximately HK$1.4 million[138]. - The Group has adopted a cautious approach in assessing and approving new loans to mitigate credit risk amid economic uncertainties[119]. Governance and Compliance - The Group maintains high standards of operating practices and complies with relevant laws and regulations, ensuring quality control and responsible business practices[171]. - The Group's financial risk management objectives and policies are detailed in the consolidated financial statements[168]. - The Group's compliance procedures ensure adherence to applicable laws, rules, and regulations, with relevant changes communicated to employees[171]. - The company has received annual confirmations of independence from all independent non-executive directors, who are considered independent[188]. - The Directors do not recommend the payment of any dividend for the years ended June 30, 2023, and 2022, indicating a focus on retaining earnings for future growth[159]. Leadership and Human Resources - Mr. Luo Xian Ping has over 17 years of experience in asset restructuring and corporate finance[58]. - Mr. Ho Wai Hung has extensive experience in accounting and finance, particularly in the money lending business[59]. - Mr. Tam Chun Wa has more than 30 years of experience in auditing, accounting, tax, investment banking, and company secretarial works[63]. - Mr. Man Kwok Leung has over 20 years of financial and compliance experience related to listed companies in Hong Kong[65]. - The company has a diverse board with members holding various advanced degrees and certifications in finance and accounting[57][64][66]. - The Group had 37 employees as of June 30, 2023, down from 57 employees as of June 30, 2022, reflecting a strategic move to streamline operations[150].

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 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。本公佈僅 供參考，並不構成購入、購買或認購本公司任何證券之邀請或要約。 GREEN ENERGY GROUP LIMITED 綠 色 能 源 科 技 集 團 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：979） 截至二零二三年六月三十日止年度之 全年業績公佈 綠色能源科技集團有限公司（「本公司」）之董事會（「董事會」）欣然宣佈本公司及其 附屬公司（「本集團」）截至二零二三年六月三十日止年度之經審核綜合業績，連同 去年之比較數字如下： ...

Financial Performance - Revenue for the six months ended December 31, 2022, was HKD 46,158,000, a decrease of 77.25% compared to HKD 202,778,000 for the same period in 2021[7]. - The company reported a loss before tax of HKD 9,666,000, improving from a loss of HKD 13,796,000 in the previous year, representing a 29.5% reduction in losses[7]. - Total comprehensive loss for the period was HKD 9,265,000, compared to HKD 14,608,000 in the prior year, indicating a 36.5% improvement[7]. - Basic and diluted loss per share was HKD 0.83, down from HKD 1.04 in the same period last year[7]. - The company reported a cash flow from operating activities of HKD (9,764) thousand for the six months ended December 31, 2022, compared to HKD (3,432) thousand for the same period in 2021, indicating a significant increase in cash outflow[13]. - The company reported a pre-tax loss of HKD (9,666) thousand for the six months ended December 31, 2022, an improvement from a loss of HKD (13,796) thousand in the same period of 2021[13]. - The company reported a loss attributable to owners of the company of HKD 9,470,000 for the six months ended December 31, 2022, compared to a loss of HKD 11,835,000 for the same period in 2021, representing a 20% improvement in loss[31]. Asset and Liability Management - Non-current assets decreased to HKD 21,667,000 from HKD 26,496,000, reflecting a decline of 18.3%[9]. - Current assets decreased to HKD 36,047,000 from HKD 45,100,000, a reduction of 20.1%[9]. - Cash and cash equivalents were HKD 23,170,000, down from HKD 33,566,000, representing a decrease of 30.9%[9]. - Total equity attributable to owners of the company was HKD 41,567,000, down from HKD 50,566,000, a decline of 17.6%[9]. - Total assets as of December 31, 2022, amounted to HKD 57,714,000, down from HKD 71,596,000 as of June 30, 2022[24]. - Total liabilities decreased to HKD 23,859,000 from HKD 28,476,000, indicating a reduction in financial obligations[24]. Revenue Breakdown - Revenue from the recycling oil/biodiesel trade decreased to HKD 41,045 thousand in 2022 from HKD 193,152 thousand in 2021, reflecting a decline of approximately 78.7%[21]. - The construction waste processing segment generated revenue of HKD 2,066,000, down 34.6% from HKD 3,164,000 in the prior year[23]. - Renewable energy segment revenue decreased significantly to HKD 41,045,000 from HKD 193,152,000, reflecting a decline of 78.8%[23]. - The healthcare segment reported revenue of approximately HKD 1,800,000, down approximately 58.1% from HKD 4,300,000 in the same period last year, attributed to strict COVID-19 policies in China affecting operations[65]. - The plastic recycling and metal waste segment recorded revenue of approximately HKD 1,200,000, representing a decline of approximately 42.9% from HKD 2,100,000 in the previous year, primarily due to a continuous lack of raw material supply in Germany[62]. Operational Efficiency and Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[7]. - The segment performance showed a loss of HKD 3,671,000, compared to a loss of HKD 5,045,000 in the previous year, indicating an improvement in operational efficiency[23]. - The company has expanded its operational team for renewable energy business to 13 employees in 2022, aiming to further increase the total number of employees in this sector in 2023[42]. - The company has established strong relationships with reputable consulting and brokerage firms, enhancing its ability to access new customers in the renewable energy market[37]. - The company has been actively building a local supplier network and has secured exclusive rights to collect waste cooking oil from local catering suppliers in Hong Kong[44]. Employee and Corporate Governance - Employee costs for the six months were HKD 9,927,000, a decrease of 13.5% from HKD 11,471,000 in the previous year[25]. - The group employs 52 staff members as of December 31, 2022, down from 57 as of June 30, 2022, and offers a competitive remuneration package to encourage employee performance[75]. - The company did not declare an interim dividend for the six months ended December 31, 2022, consistent with the previous year[29]. - The board believes that having the same person serve as both chairman and CEO can enhance leadership and decision-making efficiency[83]. Market Conditions and Future Outlook - The group anticipates a challenging year in 2023 for the global economy, with significant impacts from the COVID-19 pandemic and geopolitical tensions affecting supply chains and trade[72]. - The group adopted a more cautious approach to new loans due to negative macroeconomic trends, including ongoing global inflation and tightening monetary policies[63]. - The group plans to reassess the commercial viability of its plastic recycling business in Germany due to ongoing raw material supply shortages and rising energy costs[74].

Financial Performance - Total revenue for the fiscal year 2022 reached approximately HKD 441,300,000, a significant increase of over 700% compared to HKD 60,300,000 in the fiscal year 2021[20] - The healthcare segment recorded revenue of approximately HKD 7,600,000 in the fiscal year 2022, a significant increase from HKD 2,100,000 in the fiscal year 2021[30] - The net loss attributable to shareholders for the fiscal year 2022 was approximately HKD 27.7 million, an increase of 30.7% from HKD 21.2 million in the fiscal year 2021[80] - Total expenses (excluding financial costs) for the fiscal year 2022 amounted to approximately HKD 52.6 million, up from HKD 41.2 million in the fiscal year 2021, with employee costs rising to approximately HKD 22.3 million[89] - The company recorded a foreign exchange loss of approximately HKD 1.4 million in fiscal year 2022, compared to a foreign exchange gain of HKD 2.6 million in fiscal year 2021[81] Revenue Segments - Revenue from the renewable energy segment was approximately HKD 424,200,000, up from HKD 46,000,000 in the previous fiscal year, driven by a rebound in global biofuel production[22] - The construction waste and processing services segment generated revenue of about HKD 5,200,000, maintaining a similar level to HKD 5,000,000 in the fiscal year 2021 despite challenging economic conditions[25] - The plastic recycling and metal waste segment recorded revenue of approximately HKD 4,200,000, down from HKD 7,200,000 in the previous year, impacted by supply shortages and operational challenges due to the pandemic[26] - Revenue from renewable energy and biodiesel trading and processing reached approximately HKD 424.2 million in the fiscal year 2022, a more than sevenfold increase compared to HKD 46 million in the fiscal year 2021[82] - Revenue from the plastic recycling and metal waste segment decreased by 41.7% to approximately HKD 4.2 million in the fiscal year 2022, down from HKD 7.2 million in the fiscal year 2021, primarily due to raw material shortages[86] Operational Developments - The company established its own storage and processing facility in Hong Kong for waste cooking oil, which began operations in the second quarter of 2022[24] - The company expanded its customer base for renewable energy products to Southeast Asia and China, benefiting from lower transportation costs[22] - The company is focusing on selling palm waste biodiesel, while still considering waste cooking oil sales as a significant revenue source once pandemic-related challenges ease[24] - The company is building a local supplier network in Hong Kong to secure exclusive rights for collecting waste cooking oil[24] - The company expanded its operational team to 13 employees in the renewable energy business to enhance customer outreach and procurement capabilities[59] Market Outlook - The European biofuel market is expected to grow, with new renewable energy targets set for 2030, which may positively impact the company's renewable energy segment[22] - The renewable energy sector is projected to experience unprecedented growth, with renewable energy currently providing about 7% of global energy demand[33] - The global economic outlook remains volatile due to inflation, rising interest rates, and geopolitical risks, which may impact business operations[32] - The European Union has set a legally binding commitment to achieve net-zero greenhouse gas emissions by 2050, which is expected to drive demand for renewable energy[33] Strategic Focus - The company is committed to focusing on renewable energy business development and investment to capture potential growth in the industry[36] - The company plans to utilize approximately HKD 10 million for the development of its plastic recycling business and HKD 8 million for future renewable energy opportunities[94] - The company will maintain a cautious and proactive approach in managing operational and credit risks while pursuing diversified strategies for stable business development[36] Corporate Governance - The company has adopted corporate governance practices in compliance with the Hong Kong Stock Exchange Listing Rules, ensuring transparency and accountability[144] - The audit committee consists of three independent non-executive directors, serving as a communication bridge between the board and the auditors[128] - The board consists of executive directors and independent non-executive directors, with a total of six members as of June 30, 2022[146] - The company has implemented policies to promote environmental protection and resource conservation, aligning with its business objectives[133] - The company encourages continuous professional development for directors, keeping them informed about relevant laws and regulations[152] Human Resources - The group employed 57 staff as of June 30, 2022, an increase from 54 staff in the previous year[100] - The remuneration policy for employees is based on merit, qualifications, and capabilities, ensuring competitive compensation[131] - The remuneration details for senior management for the fiscal year ending June 30, 2022, indicate one individual received between HKD 0 to 1,000,000 and another between HKD 1,000,001 to 2,000,000[184] Risk Management - The board confirmed its responsibility for maintaining effective risk management and internal control systems, which are reviewed at least annually[192] - The internal audit function is deemed sufficient and appropriately positioned within the company, with annual reviews conducted by the audit committee[196] - The audit committee is responsible for reviewing the adequacy and effectiveness of the company's risk management and internal audit procedures[196] Shareholder Information - Major shareholders include New Glory Business Corporation with 23.57% and Rich Bay Global Limited with 12.96% of the issued share capital as of June 30, 2022[123] - The largest customer accounted for 36% of the group's sales, while the top five customers collectively represented 87%[119] - The largest supplier accounted for 98% of the group's procurement, with the top five suppliers together accounting for 99%[119]

Financial Performance - Revenue for the six months ended December 31, 2021, was HKD 202,778,000, a significant increase of 404% compared to HKD 40,159,000 for the same period in 2020[8] - The company reported a loss before tax of HKD 13,796,000, which is a 51% increase from the loss of HKD 9,114,000 in the previous year[8] - Total comprehensive loss for the period was HKD 14,608,000, compared to HKD 7,486,000 in the same period last year, reflecting a 95% increase in losses[8] - Basic and diluted loss per share was HKD 1.04, up from HKD 0.72 in the prior year[8] - The company reported a loss attributable to owners of HKD 11,835,000 for the six months ended December 31, 2021, compared to a loss of HKD 8,136,000 for the same period in 2020[32] - The group faced a net loss attributable to shareholders of approximately HKD 11.8 million, an increase of 46% from HKD 8.1 million in the same period of 2020[49] Assets and Liabilities - Current assets increased to HKD 62,102,000 from HKD 56,069,000, representing an increase of 10%[10] - Total assets less current liabilities decreased to HKD 63,585,000 from HKD 78,131,000, a decline of 19%[10] - The company's equity attributable to owners was HKD 68,018,000, down from HKD 80,873,000, indicating a decrease of 16%[10] - Total assets as of December 31, 2021, amounted to HKD 94,439,000, an increase from HKD 90,208,000 as of June 30, 2021[26] - The total liabilities as of December 31, 2021, were HKD 31,153,000, up from HKD 12,314,000 as of June 30, 2021[26] - As of December 31, 2021, the total current assets of the group were approximately HKD 62,100,000, an increase from HKD 56,100,000 as of June 30, 2021, while total current liabilities rose to approximately HKD 30,900,000 from HKD 12,100,000[54] Cash Flow and Financial Management - For the six months ended December 31, 2021, the company reported a cash flow from operating activities of (HKD 3,434,000), compared to (HKD 5,815,000) for the same period in 2020, indicating an improvement of 40.9%[15] - The company experienced a net cash decrease of HKD 4,542,000 for the six months ended December 31, 2021, compared to a decrease of HKD 9,948,000 in the same period of 2020, showing a 54.4% improvement[17] - The cash and cash equivalents at December 31, 2021, were HKD 36,031,000, down from HKD 62,079,000 at the same date in 2020, a decrease of 41.9%[17] - The company’s cash and cash equivalents were reported at HKD 25,401,000 as of December 31, 2021[26] Revenue Segments - The company’s revenue from the renewable energy segment was HKD 193,152,000 for the six months ended December 31, 2021, compared to HKD 33,649,000 in the same period of 2020, marking a growth of 474.5%[20] - The healthcare segment recorded revenue of approximately HKD 4.3 million, significantly up from HKD 400,000 in the same period of 2020, despite facing losses of approximately HKD 5.4 million due to increased personnel costs and asset depreciation[53] - The construction waste and processing services segment saw revenue increase by approximately 33% to HKD 3.2 million from HKD 2.4 million, attributed to established relationships with local construction companies[50] - The plastic recycling and metal waste segment reported revenue of approximately HKD 2.1 million, a 43% decline from HKD 3.7 million in the previous year, due to raw material supply shortages in Germany and Japan[50] Operational Plans and Developments - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[8] - The group plans to expand its operational team, increasing the number of employees in the renewable energy sector to 11, enhancing customer outreach and procurement capabilities[44] - A storage and processing factory for waste cooking oil is planned to be established in Hong Kong, with operations expected to commence in the first half of 2022[44] - The group intends to purchase approximately 10 waste cooking oil collection vehicles, aiming to establish a local supplier network and secure contracts with local restaurants[45] - The group has been actively recruiting experienced staff for its renewable energy operations to enhance its market presence[44] Corporate Governance and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended December 31, 2021, consistent with the previous year[32] - Major shareholders include New Glory Business Corporation with 267,829,436 shares, representing approximately 23.57% of the issued share capital[67] - Rich Bay Global Limited and associated entities hold 147,244,000 shares, accounting for approximately 12.96% of the issued share capital[67] - The company has adopted a new share option scheme, replacing the old scheme established in 2006[69] - The board believes that having the same person serve as both chairman and CEO can enhance leadership and decision-making efficiency[69] Compliance and Reporting - The company has not applied any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and it is currently assessing their potential impact[19] - The audit committee has reviewed the accounting principles and policies adopted by the group, including the unaudited interim financial statements for the six months ended December 31, 2021[69] - The interim report is available on the Hong Kong Stock Exchange and the company's website[69]

2020/21 年報 GREEN ENERGY GROUP LIMITED 綠色能源科技集團有限公司 股份代號 : 979 目 錄 頁次 公司資料 2 主席報告 3 董事及高級管理人員履歷詳情 7 管理層討論及分析 10 董事會報告書 16 企業管治報告 23 環境、社會及管治報告 37 獨立核數師報告書 63 綜合全面收益表 69 綜合財務狀況表 71 綜合權益變動表 73 綜合現金流量表 74 綜合財務報表附註 76 五年財務概要 152 公司資料 獨立非執行董事 譚鎮華先生 施祥鵬先生 公司秘書 吳志強先生 董事 執行董事 黃世雄先生（主席） 羅賢平先生 何偉雄先生 劉家榮先生 審核委員會 譚鎮華先生（主席） 施祥鵬先生 劉家榮先生 薪酬委員會 譚鎮華先生（主席） 施祥鵬先生 劉家榮先生 提名委員會 黃世雄先生（主席） 譚鎮華先生 施祥鵬先生 核數師 中審眾環（香港）會計師事務所有限公司 （於二零二一年五月二十四日獲委任） 鄭鄭會計師事務所有限公司 （於二零二一年五月二十四日辭任） 法律顧問 康德明律師事務所 主要往來銀行 華僑永亨銀行有限公司 交通銀行股份有限公司（香港分行） 集友銀行有限公司 中國銀 ...

[Cover and Table of Contents](index=1&type=section&id=Cover) The report is the 2020 interim report published by Green Energy Group Limited (Stock Code: 979) - The report is the 2020 interim report published by Green Energy Group Limited (Stock Code: 979)[2](index=2&type=chunk) [Company Information](index=3&type=section&id=Company%20Information) [Key Company Information](index=3&type=section&id=Company%20Information) This section provides basic company information, including board members, committee structures, registered office, principal place of business, share registrar, and principal bankers - Executive Directors include Mr. Wong Sai Hung (Chairman), Mr. Lo Yin Ping, and Mr. Ho Wai Hung[6](index=6&type=chunk) - The company's auditor is Cheng & Cheng Limited[5](index=5&type=chunk)[6](index=6&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) [Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended December 31, 2020, the company's revenue decreased by 46.1% year-on-year to HKD 40.16 million, while loss attributable to owners narrowed by 31.4% to HKD 8.14 million due to exchange gains Summary of Consolidated Statement of Comprehensive Income (For the six months ended December 31) | Indicator | 2020 (HKD thousands) | 2019 (HKD thousands) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Revenue | 40,159 | 74,597 | -46.1% | | Loss before income tax | (9,114) | (12,085) | -24.6% | | Loss for the period | (9,119) | (12,090) | -24.6% | | Loss attributable to owners of the Company | (8,136) | (11,833) | -31.2% | | Basic loss per share (HK cents) | 0.72 | 1.06 | -32.1% | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of December 31, 2020, total assets were HKD 104.4 million and net assets were HKD 93.65 million, both slightly decreased from June 30, 2020, with cash and cash equivalents reducing to HKD 62.08 million Summary of Statement of Financial Position | Indicator | December 31, 2020 (HKD thousands) | June 30, 2020 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Non-current assets | 35,560 | 30,543 | +16.4% | | Current assets | 68,843 | 78,749 | -12.6% | | **Total assets** | **104,403** | **109,292** | **-4.5%** | | Current liabilities | 10,755 | 8,162 | +31.8% | | **Net assets** | **93,648** | **101,130** | **-7.4%** | | Cash and cash equivalents | 62,079 | 70,133 | -11.5% | [Condensed Consolidated Statement of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended December 31, 2020, total equity decreased due to the loss for the period, with no share issuance activities unlike the prior year's HKD 22.4 million share placement - During the period, the company's total equity decreased from **HKD 101 million** at the beginning of the period to **HKD 93.65 million** at the end, primarily due to a total comprehensive loss of **HKD 7.49 million** for the period[11](index=11&type=chunk)[13](index=13&type=chunk) - Unlike the prior period's **HKD 22.4 million** raised through share placement, no share issuance activities occurred in this reporting period[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash outflow from operating activities improved to HKD 5.82 million, and with no financing activities, cash and cash equivalents decreased by HKD 9.95 million to HKD 62.08 million at period-end Summary of Cash Flow Statement (For the six months ended December 31) | Indicator | 2020 (HKD thousands) | 2019 (HKD thousands) | | :--- | :--- | :--- | | Net cash used in operating activities | (5,815) | (13,004) | | Net cash (used in)/from investing activities | (3,501) | 3,100 | | Net cash (used in)/from financing activities | (632) | 21,741 | | Net (decrease)/increase in cash and cash equivalents | (9,948) | 11,837 | | Cash and cash equivalents at end of period | 62,079 | 43,571 | [Notes to the Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [Revenue and Segment Information](index=9&type=section&id=3.%20Revenue%20and%20Segment%20Information) Group revenue primarily from five business segments, with renewable energy (recycled oil/biodiesel trading) being the largest but experiencing a 50.4% year-on-year decline, while a new healthcare business was launched for diversification Revenue by Business Segment (For the six months ended December 31) | Business Segment | 2020 (HKD thousands) | 2019 (HKD thousands) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Recycled oil/biodiesel trading | 33,649 | 67,806 | -50.4% | | Construction waste trading and processing services | 2,418 | 2,585 | -6.5% | | Plastic recycling/metal scrap | 3,681 | 2,706 | +36.0% | | Money lending services | – | 1,500 | -100.0% | | Healthcare services | 411 | – | N/A | | **Total** | **40,159** | **74,597** | **-46.1%** | - The Group newly launched healthcare business, including laboratory diagnostic services and clinical health services, during the reporting period, disclosed as a separate business segment[21](index=21&type=chunk) [Interim Dividend](index=12&type=section&id=6.%20Interim%20Dividend) The Board of Directors does not recommend an interim dividend for the six months ended December 31, 2020 - The company's directors do not recommend an interim dividend for the six months ended December 31, 2020 (2019 corresponding period: nil)[32](index=32&type=chunk) [Share Capital](index=15&type=section&id=12.%20Share%20Capital) As of December 31, 2020, the company's total issued ordinary shares were 1,136,308,176, with no changes during the reporting period, unlike a share placement in the prior year - As of December 31, 2020, the company's issued and fully paid share capital was **1,136,308 thousand shares**, with a total par value of **HKD 113,631 thousand**, unchanged during this reporting period[37](index=37&type=chunk) - The note mentions that the company placed **189,380,000 new shares** at **HKD 0.12 per share** in July 2019, raising net proceeds of approximately **HKD 22.5 million**[38](index=38&type=chunk) [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=16&type=section&id=Business%20Review) During the reporting period, total group revenue decreased by 46.1% year-on-year, but net loss narrowed by 31.4% mainly due to exchange gains from USD depreciation, with varied performance across segments and a new healthcare business launched [Operating Results](index=16&type=section&id=Operating%20Results) For the six months ended December 31, 2020, group revenue was approximately HKD 40.2 million, a 46.1% year-on-year decrease, with net loss attributable to owners of approximately HKD 8.1 million, a 31.4% decrease, primarily due to HKD 2.4 million exchange gains - The reduction in loss was primarily due to approximately **HKD 2.4 million** exchange gains from the depreciation of the US dollar, compared to an exchange loss of **HKD 1.9 million** in the prior period[41](index=41&type=chunk) - The reduction in loss was partially offset by increased losses in the plastic recycling segment due to plummeting crude oil prices, market stagnation, and raw material shortages[41](index=41&type=chunk) [Segment Information](index=16&type=section&id=Segment%20Information) Business segments were significantly impacted by macroeconomic conditions, with renewable energy revenue halved, plastic recycling losses expanding, construction waste stable, money lending paused, and new healthcare business showing initial results - **Renewable Energy**: Revenue decreased by approximately **50%** year-on-year to **HKD 33.6 million**, mainly due to reduced demand for transport fuel from the pandemic, lower crude oil prices weakening competitiveness, and surging freight costs due to international container shortages[42](index=42&type=chunk) - **Plastic Recycling/Metal Scrap**: Revenue increased to **HKD 3.7 million**, but segment loss expanded to **HKD 4.4 million**, primarily affected by global oil price declines, recycled plastic price wars, European pandemic lockdowns, and raw material shortages in Japan[46](index=46&type=chunk)[47](index=47&type=chunk) - **Money Lending Business**: Due to deteriorating economic conditions and rising delinquency rates, the Group adopted a cautious approach, with no new transactions and zero revenue during the period[47](index=47&type=chunk) - **Healthcare Business**: As part of business diversification, the Group commenced this new business in December 2020, providing laboratory diagnostic services, generating approximately **HKD 0.4 million** in revenue during the period[47](index=47&type=chunk) [Financial Review](index=17&type=section&id=Financial%20Review) The Group maintains a healthy financial position with a current ratio of 6.4 and no external borrowings, with HKD 8 million of the HKD 22.5 million raised from the July 2019 share placement still unused, earmarked for renewable energy business expansion - As of December 31, 2020, the Group's current ratio was approximately **6.4** (June 30, 2020: 9.6), with no external borrowings and sufficient capital[48](index=48&type=chunk) Use of Proceeds from Share Placement (As of December 31, 2020) | Planned Use | Planned Amount (HKD millions) | Actual Use (HKD millions) | Unused Amount (HKD millions) | | :--- | :--- | :--- | :--- | | Development of plastic recycling business | 10.0 | 10.0 | 0.0 | | Expansion of renewable energy business and future opportunities | 8.0 | 0.0 | 8.0 | | Additional general working capital | 4.5 | 4.5 | 0.0 | | **Total** | **22.5** | **14.5** | **8.0** | [Business Outlook and Future Prospects](index=19&type=section&id=Business%20Outlook%20and%20Future%20Prospects) Looking ahead, the Group anticipates continued macroeconomic pressure in H1 2021 but remains cautiously optimistic about economic recovery, focusing on strict cost control, prudent development of existing businesses, and leveraging high-grade plastic recycling in Japan and new healthcare ventures for growth - The Group will continue to strictly control expenses, optimize liquidity, and prudently develop existing and new businesses to broaden revenue streams[59](index=59&type=chunk) - The Japanese subsidiary will focus on improving the quality and technology of high-grade plastic waste recycling to meet increasingly stringent import requirements[59](index=59&type=chunk) - The Group is optimistic about the demand in the healthcare and diagnostic testing industry, believing the new business launched in Q4 2020 can capture market share[59](index=59&type=chunk) [Other Information](index=20&type=section&id=Other%20Information) [Major Shareholders' Interests](index=20&type=section&id=Major%20Shareholders'%20Interests) As of December 31, 2020, New Glory Business Corporation and Rich Bay Global Limited were the company's major shareholders, holding 23.57% and 12.96% of the issued ordinary shares, respectively Major Shareholders' Shareholdings (As of December 31, 2020) | Shareholder Name | Number of Shares Held | Approximate Percentage | | :--- | :--- | :--- | | New Glory Business Corporation | 267,829,436 | 23.57% | | Rich Bay Global Limited | 147,244,000 | 12.96% | [Corporate Governance](index=21&type=section&id=Corporate%20Governance) The company complied with most corporate governance code provisions during the reporting period, with one deviation: the roles of Chairman and Chief Executive are not separate, both held by Mr. Wong Sai Hung, which the Board believes enhances leadership and efficiency - The company deviated from Corporate Governance Code provision A.2.1, which states that the roles of chairman and chief executive should be separate, as Mr. Wong Sai Hung, the company's chairman, also performs the duties of chief executive[72](index=72&type=chunk)[73](index=73&type=chunk) - The Board believes that combining the two roles in one person strengthens and unifies leadership, and allows for more effective planning and implementation of business decisions[73](index=73&type=chunk)

U GREEN ENERGY GROUP LIMITED 綠 色 能 源 科 技 集 團 有 限 公 司 ( 於 百 翡 迷 註 冊 成 立 之 有 限 公 司 ) 股份代號：979 2019/20 年 報 1 綠色能源科技集團有限公司 年 報 2019/20 目 錄 頁次 公司資料 2 主席報告 3 董事及高級管理人員履歷詳情 7 管理層討論及分析 10 董事會報告書 14 企業管治報告 21 環境、社會及管治報告 35 獨立核數師報告書 58 綜合全面收益表 64 綜合財務狀況表 66 綜合權益變動表 68 綜合現金流量表 69 綜合財務報表附註 71 五年財務概要 160 綠色能源科技集團有限公司 年 報 2019/20 公司資料 董事 執行董事 黃世雄先生（主席） （於二零一九年十二月一日由獨立非執行董事調 任，並獲委任為主席） 羅賢平先生（於二零一九年十二月一日辭任主席） 何偉雄先生 獨立非執行董事 譚鎮華先生 施祥鵬先生 劉家榮先生（於二零二零年二月二十六日獲委任） 審核委員會 譚鎮華先生（主席） 施祥鵬先生 | --- | --- | |----------------------------- ...