Revenue Performance - In the first half of 2024, the renewable energy business generated approximately HK$169.0 million in revenue, a decrease from HK$210.3 million in the same period of 2023[27]. - The e-commerce business contributed approximately HK$33.6 million in revenue in the first half of 2024, significantly increasing from HK$2.0 million in the first half of 2023[27]. - Revenue for the six months ended June 30, 2024, was HK$203,926,000, a decrease of 5.7% from HK$215,653,000 in the same period of 2023[78]. - Total revenue from contracts with customers was HK$203,712,000 in H1 2024, down from HK$215,312,000 in H1 2023, reflecting a decrease of about 5.4%[95]. - The total segment revenue for H1 2024 was HK$203,926,000, compared to HK$215,653,000 in H1 2023, indicating a decline of approximately 5.4%[99]. - Revenue from renewable energy systems decreased to HK$168,739,000 in H1 2024 from HK$209,983,000 in H1 2023, representing a decline of approximately 19.7%[95]. - Revenue from external customers in the PRC was HK$203,926,000 in H1 2024, down from HK$215,653,000 in H1 2023, reflecting a decrease of approximately 5.4%[105]. Profitability and Loss - The loss attributable to owners of the Company for the six months ended June 30, 2024, was approximately HK$11.2 million, a decrease of about 5.8% compared to a loss of approximately HK$11.9 million in 2023[32]. - The company reported a loss attributable to owners of approximately HK$11.2 million for the six months ended June 30, 2024, a decrease of about 5.8% compared to a loss of approximately HK$11.9 million for the same period in 2023[34]. - Operating loss widened to HK$18,573,000 from HK$9,170,000 year-over-year, indicating increased operational challenges[78]. - The company reported a total comprehensive loss of HK$18,582,000 for the period, compared to HK$17,749,000 in the previous year, indicating ongoing financial challenges[79]. - The total comprehensive loss for the period ended June 30, 2024, is HK$18,582,000, which includes a loss of HK$11,249,000 and other comprehensive losses of HK$7,333,000[84]. - The basic loss per share improved to HK$1.23 in the first half of 2024 from HK$1.57 in 2023, showing a reduction in loss per share of 22%[120]. Financial Position - The Group had a total of 5 contracts on hand as of the report date, with an unrecognized contract sum of approximately RMB392.1 million, up from RMB224.4 million as of December 31, 2023[27]. - Total assets increased to HK$550,751,000 as of June 30, 2024, compared to HK$259,387,000 at the end of 2023, showing significant growth in asset base[82]. - Total liabilities increased to HK$433,940,000 from HK$154,976,000, primarily due to higher trade and other payables[83]. - The current ratio decreased from 1.5 as of December 31, 2023, to 1.2 as of June 30, 2024, indicating a decline in liquidity[36]. - The gearing ratio improved from 37.3% as of December 31, 2023, to 19.6% as of June 30, 2024, reflecting a reduction in debt relative to equity[36]. - The net debt to equity ratio changed from (6.8%) to (47.3%), indicating a significant increase in net debt relative to equity[36]. - As of June 30, 2024, the total equity attributable to owners of the Company is HK$128,541,000, with accumulated losses of HK$213,394,000[84]. Expenses and Costs - Selling and administrative expenses increased to approximately HK$46.6 million in the relevant period, up from approximately HK$18.5 million in the last corresponding period, primarily due to a change in business strategy[33]. - Sales and administrative expenses rose to approximately HK$46.6 million, an increase of about HK$28.1 million from approximately HK$18.5 million in the previous year, primarily due to changes in business strategy[34]. - Staff costs, including directors' remuneration, reduced to HK$5,730,000 in the first half of 2024, a decrease of 40% from HK$9,467,000 in 2023[111]. - The cost of inventories recognized as an expense increased significantly to HK$12,528,000 in the first half of 2024, compared to HK$3,610,000 in 2023, indicating a rise of 248%[113]. - Total finance costs decreased to HK$168,000 in the first half of 2024, down 78% from HK$761,000 in the same period of 2023[110]. Share Capital and Financing - The Company entered into a placing agreement on 28 July 2023 for a maximum of 90,000,000 new ordinary shares at a gross price of HK$0.40 per share, with gross proceeds of approximately HK$14.9 million[71]. - A total of 37,176,000 new ordinary shares were successfully placed at a net price of HK$0.39, resulting in net proceeds of approximately HK$14.4 million[71]. - On 8 January 2024, the Company entered into a subscription agreement for a maximum of 40,000,000 new ordinary shares at a gross price of HK$0.40 per share, with gross proceeds of HK$16.0 million[72]. - The net proceeds from the subscription amounted to approximately HK$15.8 million, fully utilized according to the intended purposes disclosed[72]. - The total number of issued and fully paid shares increased to 928,006,000 as of June 30, 2024, from 760,830,000 at the beginning of 2023[13]. - The share capital increased from HK$8,508,000 on January 1, 2024, to HK$9,280,000 on June 30, 2024, reflecting an increase of approximately 9%[84]. - The share premium increased from HK$312,505,000 on January 1, 2024, to HK$342,715,000 on June 30, 2024, indicating a growth of approximately 9.7%[84]. Corporate Governance and Management - The Audit Committee is responsible for reviewing the Group's unaudited interim financial report for the six months ended June 30, 2024[77]. - The Company has complied with all applicable code provisions as set out in the Corporate Governance Code during the reporting period[68]. - Mr. Ding Ji was appointed as an executive Director on 15 April 2024[76]. - Dr. Tang Dajie was appointed as the chairman of the nomination committee on 15 April 2024[76]. - The company has not disclosed any other substantial shareholders with interests of 5% or more in the company's shares[66]. Employee and Workforce - The Group had 34 employees as of June 30, 2024, up from 24 employees as of December 31, 2023, reflecting growth in workforce[37]. - Key management personnel compensation for the year included short-term benefits of HK$2,596,000, down from HK$3,630,000 in 2023[15]. Other Financial Information - The Group has no significant exposure to foreign currency risk, as most transactions are conducted in Hong Kong dollars, USD, and RMB[44]. - The company had no contingent liabilities as of June 30, 2024[14]. - The company did not recommend the payment of a dividend for the six months ended June 30, 2024, consistent with the same period in 2023[13]. - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant changes to accounting policies[93].

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 203,926 thousand, a decrease of 5.7% from HKD 215,653 thousand in the same period of 2023[4] - The net loss for the period was HKD 16,090 thousand, compared to a loss of HKD 13,229 thousand in the same period last year, indicating a worsening financial performance[4] - Operating loss increased to HKD 18,573 thousand compared to HKD 9,170 thousand in the previous year, reflecting higher sales and administrative expenses of HKD 46,582 thousand, up from HKD 18,494 thousand[4] - Total revenue for the group for the six months ended June 30, 2024, was HKD 203,926,000, down from HKD 215,653,000 in the same period of 2023, representing a decrease of 5.4%[12] - The group reported a net loss of HKD 16,090,000 for the six months ended June 30, 2024, compared to a net loss of HKD 13,229,000 in the same period of 2023[12] Profitability - The gross profit for the period was HKD 973 thousand, significantly up from HKD 273 thousand year-on-year, indicating a notable improvement in profitability[4] - Gross profit increased from approximately HKD 9.1 million for the first half of 2023 to approximately HKD 27.0 million for the first half of 2024, with gross margin rising from 4.2% to 13.2%[30] Revenue Breakdown - Revenue from renewable energy projects decreased to HKD 168,739 thousand from HKD 209,983 thousand, highlighting challenges in this segment[10] - Renewable energy business revenue for the six months ended June 30, 2024, was HKD 168,953,000, a decrease of 19.6% from HKD 210,324,000 in the same period of 2023[12] - E-commerce business revenue surged to HKD 33,551 thousand from HKD 1,983 thousand, indicating strong growth in this area[10] - E-commerce business generated approximately HKD 33.6 million in revenue for the first half of 2024, significantly up from HKD 2.0 million in the same period of 2023[28] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 550,751 thousand, a significant increase from HKD 259,387 thousand at the end of 2023[6] - Trade receivables and other receivables rose sharply to HKD 289,874 thousand from HKD 94,038 thousand, indicating improved collection or increased sales[6] - Trade receivables, net of impairment losses, amounted to HKD 219,993,000 as of June 30, 2024, significantly up from HKD 68,315,000 as of December 31, 2023[21] - Total trade and other payables as of June 30, 2024, amounted to HKD 310.7 million, compared to HKD 105.5 million as of December 31, 2023[25] Equity and Dividends - The company’s equity increased to HKD 116,811 thousand from HKD 104,411 thousand, reflecting a strengthening balance sheet[7] - The company did not declare an interim dividend for the six months ended June 30, 2024, compared to no dividend declared in the same period of 2023[20] - The company reported a loss attributable to owners of approximately HKD 11.2 million for the first half of 2024, a decrease of about 5.8% from a loss of HKD 11.9 million in the same period of 2023[30] Financial Ratios - Current ratio decreased from 1.5 as of December 31, 2023, to 1.2 as of June 30, 2024[31] - The company maintained a net debt-to-equity ratio of (47.3%) as of June 30, 2024, compared to (6.8%) as of December 31, 2023[31] Future Plans and Opportunities - The company plans to explore other business opportunities and consider asset sales, acquisitions, and diversification to enhance long-term development potential[32] Audit and Reporting - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the accounting principles and practices adopted by the company, as well as discussing audit, internal control, and financial reporting matters[39] - The interim financial report for the six months ending June 30, 2024, is currently under review by the audit committee[39] - The interim results announcement will be published on the company's website and the Hong Kong Stock Exchange website, with the interim report to be sent to shareholders[40] Other Income and Interest - Bank interest income increased to HKD 109,000 for the six months ended June 30, 2024, from HKD 33,000 in the same period of 2023[13] - The group reported a total of HKD 973,000 in other income for the six months ended June 30, 2024, compared to HKD 273,000 in the same period of 2023[13] Contracts and Placements - The company has five ongoing contracts in the renewable energy sector, with an unconfirmed contract amount of approximately RMB 392.1 million as of June 30, 2024[27] - The company completed a placement agreement on January 8, 2024, successfully placing 37,176,000 new ordinary shares at a net price of HKD 0.39 per share, raising approximately HKD 14.4 million after expenses[37] - A subscription agreement was established with an independent investor on January 8, 2024, resulting in the successful subscription of 40,000,000 new ordinary shares at a net price of HKD 0.39 per share, raising approximately HKD 15.8 million after commissions and expenses[38] Acknowledgments - The company expresses gratitude to its management, employees, shareholders, business partners, and professionals for their support during the period[41]

Financial Performance - The renewable energy business generated approximately HK$332.5 million in revenue for 2023, up from HK$201.8 million in 2022, reflecting a growth of 64.5%[20] - The renewable energy business contributed approximately HK$332.5 million in revenue for the year ended December 31, 2023, compared to HK$201.8 million in 2022, marking an increase of approximately 64.6%[22] - The Group's total revenue for the year ended December 31, 2023, was approximately HK$345.8 million, up from HK$213.4 million in 2022, representing an increase of approximately 62%[26] - The e-commerce business generated approximately HK$12.0 million in revenue for the year ended December 31, 2023, an increase from HK$10.0 million in 2022, reflecting a growth of 20%[24] - The building information modeling services revenue decreased to approximately HK$1.3 million in 2023 from HK$1.6 million in 2022, a decline of about 18.8%[25] Financial Position - The current ratio improved to 1.5 as of December 31, 2023, compared to 1.3 as of December 31, 2022[36] - The gearing ratio increased to 37.3% as of December 31, 2023, from 30.1% in 2022[36] - The net debt to equity ratio improved to (6.8%) as of December 31, 2023, compared to 23.9% in 2022, indicating a stronger equity position[36] - The Group had no capital commitments or contingent liabilities as of December 31, 2023[39][41] - As of December 31, 2023, the Company's distributable reserves amounted to approximately HK$95.9 million, an increase from HK$94.0 million as of December 31, 2022[109] Business Strategy and Market Outlook - The management is committed to investing in development projects with economic growth potential to expand revenue sources and improve profitability, particularly in the PRC renewable energy market[12] - The overall macroeconomic situation and external environment remained challenging, impacting the productivity and profitability levels of the renewable energy industry[18] - The Group's business strategy focuses on enhancing operating capability and efficiency to maintain steady progress in overall performance despite external challenges[18] - The long-term prospect of the PRC renewable energy market is viewed as promising due to favorable government policies and continuous economic growth[12] - The Group is committed to enhancing profitability and exploring new business opportunities, including asset disposals, acquisitions, and diversification[51] Corporate Governance and Management - The company has established written guidelines for relevant employees regarding their dealings in the securities of the company, in compliance with the CG Code[178] - The company has adhered to all provisions of the Corporate Governance Code as of December 31, 2023[181] - The Board is currently seeking suitable candidates to fill the vacancies of Chairman and Chief Executive Officer following the passing of Ms. Du Yi and the resignation of Dr. Ho Chun Kit Gregory[188] - The Board members are sharing the responsibilities of the Chairman and Chief Executive Officer among themselves[188] - The company is committed to ensuring good corporate governance practices and procedures are established and discussed in Board meetings[196] Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended December 31, 2023[98] - The Company did not recommend the payment of a final dividend for the year ended December 31, 2023[104] - As of December 31, 2023, CT Vision Investment holds 479,160,000 shares, representing 56.32% of the company's total shareholding[148] - Dr. Ho Chun Kit Gregory and Mr. Wu Rui each hold 448,000 shares in CT Vision Investment, accounting for approximately 22.4% and 7.8% respectively[145] - Ms. Lin beneficially owns 44.80% of the issued share capital of CT Vision Investment, indicating significant shareholder concentration[150] Risk Management and Compliance - The company has implemented risk management and internal control systems as part of its daily operations[183] - The company maintained compliance with the listing rules and corporate governance standards throughout the reporting period[181] - The company confirmed that all directors complied with the Model Code for Securities Transactions during the year ended December 31, 2023[177] - There were no significant related party transactions that required disclosure as connected transactions under the Listing Rules during the year[158] - The company is not aware of any tax relief available to shareholders due to their holding of the Company's shares[107]

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 345.847 million, an increase of 62% compared to HKD 213.379 million in 2022[15] - The gross profit margin decreased from approximately 7.1% in 2022 to about 6.0% in 2023, primarily due to changes in the revenue mix[4] - The operating loss for the year was HKD 19.792 million, a significant improvement from an operating loss of HKD 38.709 million in 2022[15] - The net loss attributable to the company's owners for continuing operations was HKD 21.600 million, compared to HKD 37.964 million in the previous year, reflecting a reduction of 43%[23] - The total comprehensive loss for the year was HKD 25.550 million, down from HKD 100.179 million in 2022, indicating a substantial improvement[23] - The company reported a total loss of HKD 90,984,000 for the year, with a loss from continuing operations in the e-commerce segment amounting to HKD 5,311,000[34] - The company reported a loss attributable to shareholders of HKD 21.6 million in 2023, significantly improved from a loss of HKD 87.5 million in 2022, representing a reduction of 75.7%[87] Revenue Breakdown - Total revenue for the year ended December 31, 2022, was HKD 297,485,000, with a significant contribution from renewable energy business at HKD 201,784,000, representing approximately 67.8% of total revenue[34] - Revenue from renewable energy power stations increased to HKD 331,815,000 in 2023, up from HKD 200,983,000 in 2022, reflecting a growth of approximately 65.3%[50] - Renewable energy business contributed approximately HKD 332.5 million in revenue for the year ended December 31, 2023, up from HKD 201.8 million in 2022, representing a growth of 64.6%[69] - The e-commerce business generated revenue of approximately HKD 12.0 million for the year ended December 31, 2023, compared to HKD 10.0 million in 2022, reflecting a growth of 20%[96] - For the year ended December 31, 2023, the group's revenue was approximately HKD 345.8 million, an increase from HKD 213.4 million in 2022, primarily driven by a rise in renewable energy business revenue of approximately HKD 130.8 million[119] Assets and Liabilities - The total assets decreased from HKD 331.274 million in 2022 to HKD 259.387 million in 2023, a decline of approximately 22%[24] - The company’s total liabilities decreased to HKD 154,976,000 in 2023 from HKD 235,943,000 in 2022, indicating a reduction of about 34.3%[45] - The company’s equity increased from HKD 95.331 million in 2022 to HKD 104.411 million in 2023, reflecting a growth of approximately 9%[24] - Trade receivables decreased to HKD 75.2 million in 2023 from HKD 102.7 million in 2022, a decline of 26.8%[88] Cash Flow and Financing - The cash and bank balances increased significantly from HKD 4.454 million in 2022 to HKD 46.551 million in 2023[24] - The company completed a subscription agreement on January 8, 2024, for up to 40 million new shares at a subscription price of HKD 0.40 per share, raising approximately HKD 15.5 million for general working capital[6] - The net proceeds from the subscription and placement of shares amounted to approximately HKD 50.1 million, with about HKD 38.9 million allocated for the development of renewable energy business and HKD 11.2 million for general working capital[128] Expenses and Costs - Sales and administrative expenses decreased by approximately HKD 13.7 million to about HKD 37.6 million, a reduction of 26.7% compared to 2022[73] - Interest expenses for the year totaled HKD 1,375,000, with HKD 778,000 attributed to the renewable energy segment[34] - The company recorded a net impairment loss on trade receivables and contract assets of HKD 3,427,000, primarily from the renewable energy business[34] Tax and Government Subsidies - The effective tax rate for the year was impacted by deferred tax liabilities, resulting in a total income tax expense of HKD 1,888,000 for 2023[40] - The company received government subsidies totaling approximately HKD 460,000 in 2023, compared to HKD 1,216,000 in 2022, showing a decline of about 62.1%[55] Operational Metrics - The current ratio improved to 1.5 in 2023 from 1.3 in 2022, indicating better short-term financial health[100] - The leverage ratio increased to 37.3% in 2023 from 30.1% in 2022, suggesting a higher level of debt relative to equity[100] - The net debt-to-equity ratio improved to (6.8)% in 2023 from 23.9% in 2022, indicating a reduction in net debt[100] - The interest coverage ratio was (20.4) in 2023, compared to (28.5) in 2022, reflecting a decrease in the ability to cover interest expenses[100] Future Outlook and Strategy - The group aims to enhance profitability by exploring other business opportunities and considering asset sales, acquisitions, and diversification strategies[126] - The group has no significant post-balance sheet events as of the announcement date[109] - The group has no foreign currency hedging policy in place as of December 31, 2023, but will monitor foreign currency risks closely[124] Workforce - The group had 24 employees as of December 31, 2023, and offers a competitive compensation package based on market levels and performance[102] Dividend Policy - The company does not recommend the payment of a final dividend for the year ended December 31, 2023[110] Audit and Governance - The audit committee, composed of three independent non-executive directors, reviewed the consolidated financial statements for the year ended December 31, 2023[115]

Financial Performance - For the six months ended June 30, 2023, the loss attributable to owners of the Company was HK$11,944,000, a decrease of 79.3% compared to HK$57,828,000 for the same period in 2022[7]. - Basic loss per share for the six months ended June 30, 2023, was HK$1.57, down from HK$7.60 in 2022, reflecting a 79.3% improvement[7]. - The loss attributable to owners of the Company for the period was approximately HK$11.9 million, a decrease of approximately 24.2% from HK$15.7 million in the corresponding period in 2022[51]. - The company reported a basic loss per share of HK1.57 cents for the first half of 2023, compared to HK2.07 cents in the same period of 2022[70]. - The Group's loss attributable to owners for the six months ended June 30, 2023, was approximately HK$11.9 million, representing a decrease of approximately 79.3% from a loss of approximately HK$57.8 million in the same period of 2022[101]. - The company reported a total comprehensive loss of HK$17,749,000 for the period, down from HK$64,888,000 in the same period of 2022, reflecting a significant improvement[179]. Revenue and Business Segments - For the six months ended 30 June 2023, the Group's revenue was approximately HK$215.7 million, representing an increase of approximately 109.8% compared to HK$102.8 million in the same period of 2022[54]. - The renewable energy business contributed approximately HK$210.3 million in revenue for the first half of 2023, up from HK$96.0 million in the first half of 2022[60]. - The e-commerce business generated approximately HK$2.0 million in revenue for the first half of 2023, a decrease from HK$5.5 million in the first half of 2022[61]. - Other businesses contributed approximately HK$3.3 million in revenue in the first half of 2023, an increase from HK$1.3 million in the first half of 2022[101]. - The geographical revenue breakdown shows that revenue from the PRC was HK$215.7 million, while there was no revenue from Hong Kong and Saipan during the reporting period[31]. Expenses and Costs - Total staff costs for the period were HK$9,467,000, a significant decrease of 65.1% from HK$27,140,000 in the previous year[15]. - Selling and administrative expenses decreased by approximately HK$6.0 million to approximately HK$18.5 million compared to HK$24.5 million in the previous corresponding period[82]. - Cost of inventories recognized as an expense increased to HK$3,610,000, up 52.5% from HK$2,364,000 in 2022[14]. - Interest on discounted bills amounted to HK$627,000, compared to no interest recorded in the previous year[11]. - Depreciation of right-of-use assets and property, plant, and equipment totaled HK$2,070,000 for the current period, a decrease from HK$2,392,000 in 2022[14]. Assets and Liabilities - Total liabilities increased to HK$322,541,000 as of June 30, 2023, compared to HK$235,943,000 at the end of 2022, reflecting a rise of 36.6%[183]. - Total assets increased to HK$400,123,000 as of June 30, 2023, up from HK$331,274,000 at December 31, 2022, representing a growth of 20.8%[184]. - Cash and cash equivalents at the end of the period were HK$33,051,000, up from HK$3,434,000 at the end of June 2022, indicating a substantial increase[168]. - Contract assets surged to HK$232,757,000, up 45% from HK$160,489,000 at the end of 2022[184]. - Total equity decreased to HK$77,582,000 from HK$95,331,000, reflecting a decline of 18.6%[184]. Corporate Governance and Compliance - The interim report confirms compliance with Hong Kong Accounting Standards, indicating no significant issues found[132]. - The report emphasizes corporate governance and compliance with relevant regulations, reflecting the company's commitment to ethical practices[146]. - The Audit Committee has reviewed the interim financial report, which complies with Hong Kong Accounting Standard 34[150]. - The company maintained the prescribed public float under the Listing Rules from the Listing Date up to the date of the interim report[147]. Future Outlook and Strategic Focus - The Group aims to leverage its extensive experience in solar PV and wind projects to capitalize on development opportunities arising from the renewable energy sector's growth, as outlined in Jiangsu Province's carbon peaking goals[110]. - The Group's strategic focus includes diversifying investments into quality industries and responding proactively to market changes to promote sustainable development[93]. - The Group plans to prioritize the sales of popular products with considerable market share and low user education costs, including 3C digital products, kitchen products, and maternity products, to explore more business opportunities in e-commerce[114]. - The company is actively negotiating various types of projects, including tunnel operation and maintenance management systems, smart campus management systems, and digital street projects, to diversify business risks in the second half of 2023[117]. Shareholding and Ownership - CT Vision Investment holds a beneficial interest of 389,160,000 shares, representing 51.15% of the company's total shareholding[143]. - Ms. Lin Zhiling beneficially owns 44.80% of the issued share capital of CT Vision Investment, thus deemed to have an interest in all shares held by it[145]. - The company has substantial shareholders, including Mr. Guo Hongan and Condover Assets Limited, each holding 60,000,000 shares (7.89%) and 58,092,000 shares (7.64%) respectively[143]. Changes in Management - Changes in directors included the resignation of Mr. Wong Kee Chung and the appointment of Mr. Sun Dexin as an executive director on March 7, 2023[149].

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，概不會就本公告全部或任何 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。 CT Vision S.L. (International) Holdings Limited 中天順聯（國際）控股有限公司 （於開曼群島註冊成立之有限公司） 994 （股份代號： ） 2023 6 30 截至 年 月 日止六個月之 未經審核中期業績公告 中期業績 中天順聯（國際）控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公 2023 6 30 司及其附屬公司（統稱為「本集團」）截至 年 月 日止六個月的未經審核簡明綜 2022 合中期業績，連同 年同期的比較數字。 ...

Financial Performance - The Group's revenue for the year ended December 31, 2022, was HK$2,520,000, reflecting a significant increase compared to the previous year[20]. - The Group's financial statements for the year ended December 31, 2022, have been audited and submitted by the Board[81]. - The Group's five largest customers accounted for approximately 79.1% of total revenue for the year ended December 31, 2022, up from 62.7% in 2021, with the largest customer contributing 32.1% of total revenue[82]. - The construction business experienced a substantial revenue drop due to pandemic-related delays and increased costs, leading to a decision to cease further investments and sell the construction business on November 29, 2022[141]. - During the year ended December 31, 2022, the foundation works and ancillary services projects generated approximately HK$47.0 million in revenue, a decrease from HK$135.7 million in 2021[198]. - The general building works segment contributed approximately HK$37.1 million in revenue from 3 projects in 2022, up from HK$12.7 million from 2 projects in 2021[199]. Governance and Management - The Board consists of 9 members, with 8 male directors and 1 female director, all possessing university-level education and relevant professional qualifications[4]. - The Company has established a risk management policy to identify, assess, and manage key business risks[9]. - The Directors acknowledge their responsibility for preparing financial statements that provide a true and fair view of the Group's financial position[24]. - The governance structure and biographies of directors and senior management are detailed, showcasing their extensive experience in various sectors[46]. - The governance and management team includes professionals with significant expertise in finance and corporate governance, enhancing the company's strategic direction[46]. - The Board emphasizes the importance of governance and strategic oversight in achieving the Group's long-term objectives[81]. Sustainability and ESG Initiatives - The Group is committed to long-term sustainability and has assigned an ESG Responsible Person to evaluate corporate performance on relevant ESG issues[30]. - The Environmental, Social, and Governance (ESG) report for the year ending December 31, 2022, highlights the group's sustainability measures and performance[43]. - The ESG report was prepared in accordance with the Hong Kong Stock Exchange's Listing Rules, focusing on environmental and social measures during 2022[44]. - The company is committed to sustainable development and regularly reports on its ESG initiatives to stakeholders[43]. - The Group's commitment to the "Dual Carbon" targets aligns with national policies, suggesting a strategic focus on renewable energy and sustainability[144]. - The Group's renewable energy business is expected to benefit from government policies aimed at achieving carbon neutrality and increasing renewable energy generation[174]. Business Segments and Strategy - The Group is engaged in multiple business segments, including building construction, renewable energy, e-commerce, and building information modeling services[31]. - The Group plans to reallocate internal resources to renewable energy, e-commerce, and building information modeling services after divesting its building construction business[63]. - The Group aims to diversify investments in high-quality industries and respond proactively to market changes and challenges to promote sustainable development[63]. - The Group anticipates significant growth opportunities in digital agriculture and marine economy, leveraging China's push for agricultural digitization to expand its e-commerce business[121]. - The Group is actively expanding its e-commerce business through partnerships, aiming to diversify business risks and enhance economic benefits[146]. - The Group's investment holding company structure supports its diverse business activities, including construction, renewable energy, and e-commerce[82]. Challenges and Risks - The construction business faced significant delays and increased costs due to strict social distancing measures during the pandemic, impacting overall revenue[111]. - The COVID-19 pandemic has significantly impacted the progress of the construction project, causing further delays due to travel restrictions and supply chain disruptions[186]. - The management expresses gratitude to stakeholders for their support, reinforcing the importance of collaboration in navigating the business environment[152]. - The management is actively discussing the project's progress and associated costs due to delays and uncertainties[189]. Research and Development - The Group has increased its investment in research and development, expanding its application scope in various industries, signing contracts for projects in park, city bus, metro, and port sectors[63]. - Increased investment in research and development has led to contracts in various projects, including smart buildings and digital twin systems, indicating a focus on innovation and technology[149]. Customer and Supplier Relationships - The company has entered into an agreement to ensure the recoverability of outstanding amounts from Customer A, involving a repayment schedule[191]. - The company has established a security agreement to enforce repayment obligations from Customer A in case of default[190]. - The five largest suppliers accounted for approximately 96.8% of total material costs, with the largest supplier contributing 50.8%, significantly up from 15.2% in 2021[82]. Divestment and Future Plans - The construction business was disposed of on November 29, 2022, due to continuous losses over three financial years and increased costs from the COVID-19 pandemic[112]. - The Group plans to establish more renewable energy power plants, anticipating growth driven by the 14th Five-Year Plan for Renewable Energy Development, which aims for annual electricity generation from renewable sources to reach approximately 3.3 trillion kilowatt hours by 2025[116][118]. - The Group entered a memorandum of understanding with Huaji Science and Technology to expand into China's smart fisheries market, leveraging technological achievements to create a digital ecosystem for the fisheries industry[119]. - The Company entered into a sale and purchase agreement on November 29, 2022, to sell 100% equity interest in Win Win Way Investment for HK$56,436,592[165].

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的任何損失承擔任何責任。 CT Vision S.L. (International) Holdings Limited 中天順聯（國際）控股有限公司 （於開曼群島註冊成立之有限公司） 994 （股份代號： ） 2022 12 31 截至 年 月 日止年度的 年度業績公告 年度業績 中天順聯（國際）控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公 2022 12 31 司及其附屬公司（統稱為「本集團」）截至 年 月 日止年度的經審核綜合年度業 2021 12 31 績，連同截至 年 月 日止年度的比較數字。 ...

Financial Performance - Revenue for the six months ended June 30, 2022, amounted to approximately HK$140.4 million, representing an increase of approximately 3.5% compared to HK$135.7 million in the corresponding period in 2021[11]. - Loss attributable to owners of the Company for the same period was approximately HK$57.8 million, an increase of approximately 37.6% compared to HK$42.0 million in 2021[11]. - Basic loss per share for the six months ended June 30, 2022, was HK7.60 cents, compared to HK5.53 cents in the corresponding period in 2021[11]. - The Group's gross profit decreased from approximately HK$2.6 million in the first half of 2021 to a gross loss of approximately HK$22.8 million in the first half of 2022, resulting in a gross profit margin decline from approximately 1.9% to a gross loss margin of approximately 16.2%[43]. - The company reported a total comprehensive loss for the period of HK$64,888,000, compared to HK$42,355,000 in the previous year[130]. - Operating loss increased to HK$57,848,000 from HK$42,183,000 year-on-year, reflecting a worsening operational performance[130]. - Total assets decreased to HK$441,110,000 as of June 30, 2022, down from HK$461,170,000 at the end of 2021[135]. - Total equity decreased to HK$130,622,000 from HK$195,510,000 at the end of 2021, indicating a decline in shareholder value[135]. - Current liabilities increased to HK$303,597,000 from HK$261,578,000, reflecting a rise in short-term financial obligations[137]. - Cash and bank balances significantly decreased to HK$3,434,000 from HK$20,911,000, indicating liquidity challenges[135]. Revenue Breakdown - In the first half of 2022, the foundation works and ancillary services projects generated revenue of approximately HK$27.5 million, a decrease from approximately HK$96.3 million in the first half of 2021[23]. - The general building works segment contributed revenue of approximately HK$10.1 million in the first half of 2022, compared to HK$8.5 million in the same period of 2021[24]. - The renewable energy business saw a significant revenue increase to approximately HK$96.0 million in the first half of 2022, up from approximately HK$11.6 million in the first half of 2021[26]. - The e-commerce business generated approximately HK$5.5 million in revenue in the first half of 2022, down from HK$18.6 million in the same period of 2021[31]. - The building information modeling business contributed approximately HK$1.3 million in revenue for the first half of 2022, compared to HK$0.8 million in the first half of 2021[35]. - Revenue from construction contracts amounted to HK$140,007,000, a slight increase from HK$135,446,000 in the previous year[161]. - Revenue from renewable energy systems surged to HK$95,579,000, up from HK$11,322,000, indicating a growth of over 746%[161]. - Revenue from external customers in Hong Kong was HK$31,474,000, significantly down from HK$104,716,000 in the previous year[186]. - Revenue from the PRC increased to HK$102,770,000, up from HK$31,031,000 in the same period last year[186]. Project Delays and Challenges - The Group's construction project in Saipan has faced delays due to inclement weather, visa policy changes, design alterations, and COVID-19 impacts[15][16]. - The completion date for the Saipan project has been extended multiple times, with the latest expected completion in the 2020 financial year[15]. - The COVID-19 pandemic has significantly disrupted construction-related supply chains, affecting material and labor availability[16]. - The completion of a major construction project has been delayed to December 2023 due to a new advisory services agreement with a renowned hotel brand management company[20]. - The project originally scheduled for completion in 2020 has faced multiple delays due to adverse weather, changes in design, and COVID-19 related supply chain disruptions[18]. - The construction works under the building work business were significantly delayed due to the fifth wave of the pandemic, resulting in increased construction costs[64]. Financial Ratios and Position - The Group's current ratio decreased from 1.6 as of December 31, 2021, to 1.3 as of June 30, 2022[52]. - The gearing ratio increased from 22.9% as of December 31, 2021, to 50.4% as of June 30, 2022[52]. - The net debt to equity ratio rose from 12.0% as of December 31, 2021, to 46.1% as of June 30, 2022[52]. - The Group's interest coverage ratio was (95.6) for the six months ended June 30, 2022, compared to (40.0) for the corresponding period in 2021[52]. - Current ratio decreased from 1.6 as of December 31, 2021, to 1.3 as of June 30, 2022, due to a decrease in cash and bank balances and an increase in amounts due to the immediate holding company[53]. - Gearing ratio increased from 22.9% as of December 31, 2021, to 50.4% as of June 30, 2022, primarily due to a decrease in equity[56]. - Net debt to equity ratio rose from 12.0% as of December 31, 2021, to 46.1% as of June 30, 2022[56]. Corporate Governance and Management - The Board did not recommend the payment of a dividend for the six months ended June 30, 2022, consistent with the previous year[11]. - The Group did not have any significant investments, material acquisitions, or disposals of subsidiaries during the six months ended June 30, 2022[62]. - The Company complied with all applicable code provisions as set out in the Corporate Governance Code during the six months ended June 30, 2022[111]. - The Audit Committee reviewed the unaudited interim financial report for the six months ended June 30, 2022 with no disagreements noted[126]. - On 30 June 2022, Dr. Lin Tat Pang was appointed as an independent non-executive Director and chairman of the remuneration committee[117]. - On 30 June 2022, Ms. Yip Man Shan resigned as a non-executive Director[118]. - The Company adopted the Model Code for Securities Transactions by Directors, and all Directors confirmed compliance during the period[113]. - There were no material subsequent events undertaken by the Company or the Group after 30 June 2022 up to the date of this interim report[116]. Strategic Initiatives and Future Outlook - The Group has entered a memorandum of understanding with Huaji Science and Technology to expand its business into China's smart fisheries market, leveraging technological achievements for revenue growth[74][77]. - The development of digital agriculture and the marine economy presents substantial growth opportunities for the Group's e-commerce business, aligning with national development strategies[75]. - The Group has increased its investment in research and development, signing contracts for various projects in smart city and transportation sectors, enhancing its building information modeling services[81][82]. - Future strategies include diversifying investments into quality industries and exploring new technologies to promote sustainable development and contribute to economic transformation[83][84]. - Increased investment in the new energy market is anticipated due to favorable national policies and cost reductions, although there are risks of deteriorating profitability amid intensified competition[73][76]. Shareholding Structure - Dr. Ho Chun kit Gregory holds 448,000 shares, representing 22.4% of total interests in CT Vision Investment Limited[90]. - Mr. Wu Rui owns 156,000 shares, accounting for 7.8% of total interests in CT Vision Investment[90]. - CT Vision Investment holds 389,160,000 shares, which is 51.15% of the company's total shareholding[94]. - Condover Assets Limited has a beneficial interest of 71,880,000 shares, equating to 9.45% of the company's shareholding[94]. - Forwin Credit Limited and BC Financial Group Limited each hold a security interest of 71,880,000 shares, representing 9.45% of the company's shareholding[96]. - Mr. Guo Hongan has a beneficial interest of 60,000,000 shares, which is 7.89% of the total shareholding[96]. - Ms. Lin Zhiling beneficially owns 44.80% of the issued share capital of CT Vision Investment[96]. - Dr. Kan Hou Sek beneficially owns 331 shares held by Condover Assets, which is 0.03% of the issued share capital[96]. - Mr. Lee Sai Man also beneficially owns 331 shares held by Condover Assets, representing 0.03% of the issued share capital[96]. - Mr. Wong Siu Kwai holds 331 shares in Condover Assets, equivalent to 0.03% of the issued share capital[96].

Revenue and Business Performance - The revenue from the building construction business improved, with 5 new contracts for foundation works and 1 new contract for general building work awarded during the year[24]. - For the year ended 31 December 2021, the Group's revenue amounted to approximately HK$355.5 million, an increase of 41.7% from HK$250.9 million in 2020[77]. - The renewable energy business contributed approximately HK$177.2 million in revenue, up 45% from HK$122.4 million in 2020, with a total of 7 contracts on hand valued at approximately RMB200.2 million[75]. - The e-commerce business generated approximately HK$25.7 million in revenue, a significant increase from HK$3.0 million in 2020[75]. - The building information modeling business contributed approximately HK$4.2 million in revenue, up from HK$1.2 million in 2020[75]. - The general building works segment contributed approximately HK$12.7 million in revenue from 2 projects in 2021, up from HK$9.6 million from 4 projects in 2020[71]. Project Updates and Challenges - The Saipan Project resumed in January 2022, expected to contribute positively to the Group's results in the coming year[25]. - The completion of a significant construction project in Saipan has been delayed due to various factors, including COVID-19, with an expected completion within 18 months upon resumption of work[55]. - The ongoing COVID-19 pandemic and related travel restrictions have negatively impacted the construction business, particularly in Hong Kong, with expected continued effects into the first half of 2022[46]. - The construction project originally scheduled for completion in February 2018 has been delayed to the fiscal year 2020 due to adverse weather, visa issues, and design changes[56]. - The project was further delayed by COVID-19 restrictions, with a new estimated completion timeline of 18 months post-resumption, which began in January 2022[57][65]. Financial Position and Performance - The Group recorded a loss attributable to owners of approximately HK$100.8 million, compared to a loss of approximately HK$55.5 million in 2020[82]. - The gross loss decreased from approximately HK$30.4 million in 2020 to approximately HK$9.5 million in 2021, with the gross loss margin improving from 12.1% to 2.7%[78]. - Selling and administrative expenses increased by approximately HK$30.7 million to approximately HK$89.3 million, compared to HK$58.6 million in the previous year[79]. - The current ratio decreased from 2.2 in 2020 to 1.6 in 2021, while the gearing ratio improved from 29.0% to 22.9%[85]. - The net debt to equity ratio improved from 17.5% in 2020 to 12.0% in 2021[85]. Strategic Initiatives - The Group anticipates that the "Dual Carbon" objective will create new opportunities for its renewable energy business[32]. - The Group aims to expand its e-commerce business to diversify economic benefits and mitigate business risks[35]. - The Group plans to strengthen its e-commerce business through strategic cooperation with advanced merchants and aims to establish self-branded merchandise over the next three years[114]. - The Group expects to promote building information modeling technologies to government authorities and clients to enhance project operation management and cost savings[39]. - The Group has completed product research and development for building information modeling services and has entered into contracts for various projects, including BIM technical services and smart construction management platforms[115]. Governance and Management - The company has a diverse board with extensive experience in construction, property consultancy, and business development across multiple regions[142][144][148]. - The management team includes professionals with significant backgrounds in finance, strategy, and corporate governance[156]. - The company is focused on maintaining high standards of corporate governance through the expertise of its independent non-executive directors[169]. - The board composition reflects a commitment to governance and strategic oversight in the company's operations[156]. - The company emphasizes the importance of legal and financial expertise in navigating complex market conditions and regulatory environments[161]. Customer and Supplier Concentration - For the year ended December 31, 2021, the Group's five largest customers accounted for approximately 62.7% of total revenue, down from 84.1% in 2020[182]. - The largest customer contributed approximately 18.7% of total revenue, a decrease from 34.5% in 2020[182]. - The Group's five largest subcontractors accounted for approximately 85.7% of total subcontracting fees, slightly down from 85.8% in 2020[182]. - The largest subcontractor accounted for approximately 53.1% of total subcontracting fees, up from 45.3% in 2020[182]. - The five largest suppliers accounted for approximately 57.5% of total material costs, down from 76.9% in 2020[183]. Audit and Financial Reporting - The auditor's report for the year ended 31 December 2021 states that the consolidated financial statements give a true and fair view of the Group's financial position[125]. - The qualification in the auditor's report is due to the inability to perform satisfactory audit procedures for the financial year ended 31 December 2019, which may affect the financial performance for FY2020[125]. - The management believes that the qualification will be removed in the auditors' report for the year ended 31 December 2022, as it has no effect on the consolidated financial statements since FY2021[127]. - The audit committee concurs with the management's position regarding the qualification and its potential impact on financial performance[128]. - The audit committee has reviewed and agreed with the management's stance on the qualification[133].