Financial Performance - For the six months ended June 30, 2023, the gross profit was HKD 654,960,000, compared to HKD 1,134,497,000 for the same period in 2022, representing a decrease of approximately 42.2%[2] - The total revenue for the six months was HKD 7,732,538,000, down from HKD 9,008,594,000 in the previous year, indicating a decline of about 14.2%[32] - The profit attributable to the owners of the parent company for the period was HKD 134,903,000, a significant decrease from HKD 383,199,000 in the prior year, reflecting a drop of approximately 64.8%[24] - The company reported a net profit of HKD 133,552, a decline of 66.4% compared to HKD 397,656 in the same period last year[45] - For the first half of 2023, the company's EBITDA decreased by 39.0% to HKD 515.8 million, compared to HKD 844.9 million in the same period of 2022[187] Revenue and Sales - Revenue for the first half of 2023 was HKD 7,732,538, a decrease of 14.2% compared to HKD 9,008,594 in the same period of 2022[45] - The revenue from the electrolytic manganese and alloy materials production segment decreased by 28.6% to HKD 1,615.9 million in the first half of 2023, down from HKD 2,263.2 million in the same period of 2022[64] - The lithium battery materials production segment recorded a revenue of HKD 926.7 million in the first half of 2023, a decrease of 12.2% from HKD 1,054.9 million in the same period of 2022[58] - Revenue from the battery materials production segment decreased by 12.2% to HKD 926.7 million for the first half of 2023, compared to HKD 1,054.9 million in the same period of 2022, with a profit drop of 51.8% to HKD 172.9 million[86] Cost and Expenses - The total sales cost decreased by 10.1% to HKD 7,077.6 million in the first half of 2023, compared to HKD 7,874.1 million in the same period of 2022[69] - Sales and distribution expenses increased by 14.7% to HKD 84.5 million in the first half of 2023, primarily due to rising transportation costs[90] - Financial expenses rose by 11.9% to HKD 119.6 million in the first half of 2023, attributed to increased interest on discounted bills and overall borrowing[92] Market Conditions and Challenges - The company anticipates ongoing challenges in the global economy, including high borrowing costs and rising production expenses, which may impact future performance[46] - The company is facing challenges in the electrolytic manganese segment due to oversupply and rising production costs, which may weaken demand for its products[113] Assets and Liabilities - As of June 30, 2023, the group's net current liabilities decreased to HKD 648.1 million from HKD 746.3 million as of December 31, 2022, due to a slight reduction in bank and other borrowings[81] - The company's current liabilities totaled HKD 7,036.5 million as of June 30, 2023, compared to HKD 7,073.7 million at the end of 2022[196] - The total liabilities for loans repayable within five years amounted to HKD 97,272,000, compared to HKD 93,019,000 in the previous year, showing a slight increase of 2.4%[20] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to drive future growth[7] - The company aims to enhance operational efficiency and profitability as part of its long-term growth strategy[111] - The company is exploring various methods to improve its borrowing structure, including short-term or medium-term notes and more long-term bank loans[126] Governance and Compliance - The company has appointed a new auditor, PwC, following the resignation of Ernst & Young, effective October 19, 2022, to maintain good corporate governance standards[142] - An independent investigation committee has been established to address audit concerns raised by the previous auditor regarding the company's manganese ore trading business in Ghana[162] - The company is actively taking steps to rectify issues that led to the suspension of trading and is committed to full compliance with listing rules[147] Research and Development - Research and development costs increased to HKD 48,310, up from HKD 35,108 in the previous year[45] - As the largest manufacturer of electrolytic manganese dioxide in China, the company is optimistic about the battery materials production sector and continues to invest in R&D to improve product quality and expand applications in electric vehicles and other electric tools[141]

Financial Performance - In 2022, the company's revenue was HKD 16,031.9 million, an increase of 24.9% compared to HKD 12,830.8 million in 2021 [77]. - The gross profit for 2022 was HKD 1,372.3 million, with a gross profit margin of 8.6%, down from 18.2% in 2021, representing a decline of 9.6 percentage points [77]. - The profit attributable to the company's owners for 2022 was HKD 336.1 million, down from HKD 454.6 million in 2021 [83]. - The company reported a total comprehensive income of HKD 65,915 for the year, down from HKD 470,752 in 2021, a decline of 86% [100]. - The net profit for the year was HKD 342,314, compared to HKD 356,295 in the previous year, reflecting a decrease of 3.9% [99]. - The group reported a total capital expenditure of HKD 820,077,000 for the year, which includes investments in property, plant, and equipment [122]. - The group’s operating profit before tax was HKD 546,344,000, after accounting for interest income and other expenses [122]. - The group’s operating profit decreased by 59.0% to HKD 514.2 million in 2022, down from HKD 1,254.1 million in 2021 [170]. Impairment and Liabilities - In 2022, the company recognized impairment losses of HKD 70.9 million and HKD 48.8 million for the Changgou Manganese Mine and the Waif Manganese Mine, respectively, due to a significant decline in manganese ore demand [4]. - The company reported a non-cash impairment loss of HKD 119.7 million for property, plant, and equipment, and mining rights in 2022 [77]. - The total current liabilities amounted to HKD 7,073.7 million, a slight decrease from HKD 7,450.9 million in the previous year [86]. - Non-current liabilities increased to HKD 1,544.6 million from HKD 797.6 million in the previous year [86]. - The company must comply with all resumption guidance and rectify issues causing the suspension by September 29, 2024, or risk delisting [40]. Debt and Financing - As of December 31, 2022, the company's net current liabilities decreased to HKD 746.3 million from HKD 1,584.9 million in 2021, attributed to obtaining more long-term loans during the year [16]. - As of December 31, 2022, the company had secured new bank loans amounting to HKD 3,145.5 million, ensuring sufficient operating funds for the next twelve months [22]. - The company’s fixed and floating rate borrowings amounted to HKD 3,534.7 million and HKD 925.7 million, respectively, as of December 31, 2022 [18]. - The financial expenses for 2022 were HKD 221,307, a decrease from HKD 236,012 in 2021, showing a reduction of 6.2% [99]. Corporate Governance and Compliance - The independent investigation report was completed on September 15, 2023, and the board accepted the findings, considering them reasonable and acceptable [30]. - The company is taking appropriate steps to rectify issues that led to the suspension of trading and will comply with listing rules to the satisfaction of the Stock Exchange [31]. - The audit committee has reviewed the accounting policies and discussed matters related to audit, risk management, internal controls, and financial reporting for the year ended December 31, 2022 [44]. - The company is committed to maintaining a good corporate governance structure and adhering to applicable statutory and regulatory requirements [46]. Market and Strategic Initiatives - The company plans to enhance manganese resource control through exploration and acquisitions, focusing on five major business segments for future growth [27]. - The company aims to become a leading one-stop manganese producer globally, focusing on flexible business models and prudent risk management to maintain long-term profitability and asset growth [35]. - The Chinese government's "Green Stimulus Plan" is approximately $195 billion, focusing on accelerating the development of new energy and electric vehicle industries, which presents growth opportunities for the company [37]. - The company plans to focus on market share acquisition, securing raw material supply, and enhancing product R&D [197]. - The company aims to expand production to other battery materials, including lithium manganese and high-purity manganese sulfate [197]. Revenue Segmentation - Revenue from manganese mining increased by 74.2% to HKD 1,257.2 million in 2022, up from HKD 721.7 million in 2021 [172]. - Revenue from trading business rose by 58.8% to HKD 9,411.0 million in 2022, compared to HKD 5,924.6 million in 2021 [172]. - Revenue from the production of electrolytic manganese and alloy materials decreased by 25.1% to HKD 3,377.0 million in 2022, down from HKD 4,510.5 million in 2021 [172]. - Revenue from battery materials production increased by 18.7% to HKD 1,986.7 million in 2022, compared to HKD 1,673.9 million in 2021 [172]. - The total revenue from external customers for the manganese mining segment in China was HKD 134,391,000, while the total revenue from the battery materials production segment was HKD 1,673,925,000 [122].

Financial Performance - In the first half of 2023, the company reported a loss of HKD 70,000 from its joint ventures, compared to a profit of HKD 346,000 in the same period of 2022[5]. - The group reported a profit attributable to owners of HKD 134.9 million for the first half of 2023, down from HKD 383.2 million in the same period of 2022[43]. - Revenue for the first half of 2023 was HKD 7,732.5 million, a decrease of 14.2% compared to HKD 9,008.6 million in the first half of 2022[67]. - Gross profit for the first half of 2023 was HKD 655.0 million, with a gross margin of 8.5%, down from 12.6% in the first half of 2022, representing a decline of 4.1 percentage points[67]. - Operating profit for the first half of 2023 was HKD 184.1 million, a decrease of 70.8% from HKD 630.5 million in the first half of 2022[67]. - The company reported a net profit of HKD 133.6 million for the first half of 2023, compared to HKD 397.7 million in the same period last year[68]. - The effective tax rate for the first half of 2023 was 24.7%, higher than the 21.6% in the same period of 2022[42]. - Other income and gains for the first half of 2023 were HKD 64.0 million, down from HKD 102.4 million in the first half of 2022[67]. - Financial expenses for the first half of 2023 were HKD 119.6 million, compared to HKD 106.9 million in the previous year[67]. - The total tax expense for the period was HKD 43,821, down from HKD 109,507 in the previous year, indicating a reduction of 60%[94]. Assets and Liabilities - As of June 30, 2023, the company's net current liabilities decreased to HKD 648.1 million from HKD 746.3 million as of December 31, 2022[9]. - The group's total borrowings decreased to HKD 4,316.6 million from HKD 4,460.4 million as of December 31, 2022[30]. - The group's trade receivables and notes decreased by HKD 321.2 million to HKD 1,162.8 million as of June 30, 2023, primarily due to an increase in discounted notes[26]. - The current ratio improved to 0.91 as of June 30, 2023, compared to 0.89 as of December 31, 2022[34]. - The net debt ratio decreased to 82.6% as of June 30, 2023, from 90.1% as of December 31, 2022[34]. - The group's total liabilities decreased to HKD 7,036,533 thousand from HKD 7,073,730 thousand, a reduction of approximately 0.53%[72]. - The company reported a slight increase in net assets to HKD 2,833,612 thousand from HKD 2,832,286 thousand, reflecting stable equity[72]. - The non-controlling interests decreased slightly to HKD 3,159,479 thousand from HKD 3,168,078 thousand, indicating minor changes in subsidiary performance[72]. Revenue Breakdown - Total revenue for the six months ended June 30, 2023, was HKD 7,732,538 thousand, with significant contributions from manganese mining and production[88]. - Revenue from mainland China accounted for HKD 7,402,396 thousand, representing a substantial portion of total sales[88]. - Manganese mining revenue was HKD 581,908, down from HKD 639,561, representing a decline of 9%[114]. - Electrolytic manganese and alloy materials production revenue was HKD 1,615,881, a decrease of 29% from HKD 2,263,223[114]. - Battery materials production revenue was HKD 926,713, down from HKD 1,054,924, reflecting a decline of 12%[114]. - Other businesses generated revenue of HKD 4,608,036, a decrease of 9% from HKD 5,050,886[114]. Operational Insights - The company is optimistic about the battery materials production sector and continues to enhance its leading position through ongoing R&D efforts[4]. - The company anticipates challenges in the second half of 2023 for its electrolytic manganese segment due to oversupply and rising production costs faced by steel manufacturers[3]. - The company plans to enhance manganese resource exploration and strategic control through acquisitions[22]. - The company aims to improve operational efficiency and profitability as part of its long-term growth strategy[22]. - The company is focused on expanding its market presence and enhancing operational efficiency through strategic investments in non-wholly owned subsidiaries[74]. - The company remains optimistic about the battery materials segment and plans to focus on market share expansion and product development[155]. Governance and Compliance - The company has appointed an independent internal control consultant to review its internal control procedures, which has identified several deficiencies that have since been rectified[180]. - The board of directors and audit committee have discussed the rotation of auditors, resulting in the resignation of Ernst & Young and the appointment of PwC as the new auditor effective October 19, 2022[190]. - The company is taking appropriate steps to rectify issues that led to the suspension of trading and is committed to complying with listing rules to regain trading approval[195]. - The company has adhered to the corporate governance code principles and applicable provisions, except for a deviation from code provision A.2.1[181]. - All directors have confirmed compliance with the securities trading code during the six months ended June 30, 2023[199].

Financial Performance - In 2022, the revenue was HKD 16,031.9 million, an increase of 24.9% compared to HKD 12,830.8 million in 2021[4] - The gross profit for 2022 was HKD 1,372.3 million, down from HKD 2,338.9 million in 2021, resulting in a gross margin of 8.6%, a decrease of 9.6 percentage points from 18.2% in 2021[4] - The net profit attributable to the owners of the company for 2022 was HKD 336.1 million, compared to HKD 356.3 million in 2021[4] - The company reported a total capital expenditure of HKD 820.1 million for the year[10] - The financial expenses for 2022 were HKD 221.3 million, a decrease from HKD 236.0 million in 2021[4] - The company’s operating profit before tax for 2022 was HKD 394.9 million, compared to HKD 546.3 million in 2021[4] - The total tax expense for the year was HKD 52,565,000, a decrease from HKD 190,049,000 in 2021, primarily due to the utilization of prior year tax losses[29] - The total profit attributable to the company's owners for 2022 was HKD 336.1 million, down from HKD 454.6 million in 2021[58] - The company's net profit attributable to shareholders for 2022 was HKD 336,091 thousand, a decrease of 26.1% from HKD 454,583 thousand in 2021[50] - The EBITDA for 2022 decreased by 20.8% to HKD 1,048.0 million, compared to HKD 1,323.0 million in 2021[58] Revenue Breakdown - Revenue from mainland China in 2022 was HKD 14,989.7 million, up from HKD 11,939.8 million in 2021[12] - The sales breakdown by region shows that Mainland China contributed HKD 14,989,718,000, accounting for 93.5% of total sales, while sales in Asia (excluding Mainland China) were HKD 740,922,000[18] - The battery materials production segment's revenue was HKD 1,986.7 million in 2022, an 18.7% increase from HKD 1,673.9 million in 2021[61] - The manganese mining segment's revenue increased by 74.2% to HKD 1,257.2 million in 2022, driven by expanded mining operations at the Bembélé manganese mine[64] - The electrolytic manganese and alloy materials production segment's revenue decreased to HKD 3,377.0 million in 2022 from HKD 4,510.5 million in 2021, reflecting a decline of 25.1%[61] - The revenue from silicon manganese alloy decreased by 35.8% to HKD 905.3 million in 2022, with sales volume down by 36.6% to 106,612 tons[70] Cost and Expenses - The total cost of goods sold for the year was HKD 14,434,290,000, which includes depreciation and employee benefits, highlighting the operational costs associated with revenue generation[25] - Total sales costs rose by 39.7% to HKD 14,659.6 million in 2022, compared to HKD 10,491.8 million in 2021[80] - The average selling price of electrolytic manganese products fell by 8.1% to HKD 20,322 per ton in 2022, compared to HKD 22,121 per ton in 2021[53] - The average selling price of electrolytic manganese dioxide increased by 55.0% to HKD 16,644 per ton, with a gross profit margin rising by 17.8 percentage points to 47.0%[55] Impairment and Liabilities - The company recognized a non-cash impairment loss of HKD 119.7 million on property, plant, and equipment, down from HKD 236.4 million in 2021[4] - The company's total liabilities increased to HKD 2,148,852 thousand in 2022 from HKD 1,300,221 thousand in 2021[47] - Impairment losses on mining rights amounted to HKD 70.9 million and HKD 48.8 million for two manganese mines due to decreased demand and production cuts[86] - The company's financial expenses remained stable at HKD 221.3 million in 2022, compared to HKD 236.0 million in 2021[93] Market and Strategic Initiatives - The company plans to expand its market presence in Europe and North America, where sales were HKD 28,635,000 and HKD 272,610,000 respectively, indicating potential growth opportunities[18] - The group aims to enhance manganese resources and reserves through exploration and strategic acquisitions[153] - The group is optimistic about the gradual recovery of the global economy as more countries ease COVID-19 restrictions[154] - The group continues to strengthen its leading position in battery materials production, focusing on R&D to improve the quality of new energy battery materials[157] Governance and Compliance - The company has appointed a new auditor, RSM Hong Kong, effective from August 18, 2023, following the resignation of PwC on July 31, 2023[159] - An independent investigation committee was established on March 31, 2023, to address the audit concerns raised by the previous auditor[161] - The company must comply with all resumption guidance from the Stock Exchange to avoid delisting, with a deadline of September 29, 2024[161] - The company has committed to improving its internal controls and has identified and rectified several deficiencies[176] Shareholder Information - The company did not recommend any dividend for the year ended December 31, 2022, consistent with 2021[44] - Basic earnings per share for the company’s owners were HKD 0.0980 in 2022, compared to HKD 0.1326 in 2021[109] - The company expresses gratitude to shareholders, business partners, distributors, and employees for their support and contributions[196]

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 9,008,594, an increase of 113% compared to HKD 4,228,335 for the same period in 2021[11] - Gross profit for the same period was HKD 7,874,097, representing a gross margin of approximately 87%[11] - Net profit for the period was HKD 424,979, a significant increase from HKD 24,116 in the previous year, reflecting a year-over-year growth of 1,668%[11] - Basic and diluted earnings per share for the period were HKD 0.1322, compared to HKD 0.0064 in the prior year[11] - Total comprehensive income for the period amounted to HKD 241,847, compared to HKD 62,782 in the same period last year[11] - The company reported a significant increase in other income and gains, totaling HKD 102,353, up from HKD 74,357 in the previous year[11] - The company reported a total comprehensive income of HKD 62.78 million for the period, compared to HKD 22.06 million in the previous year, reflecting improved financial performance[24] - The group reported a total of HKD 4,605,000 in salaries, director's fees, and allowances for key management personnel in the first half of 2022, a decrease from HKD 7,253,000 in the same period of 2021[140] Assets and Liabilities - Non-current assets totaled HKD 5,023,622 thousand as of June 30, 2022, a decrease of 1.85% from HKD 5,118,358 thousand as of December 31, 2021[14] - Current assets increased to HKD 6,047,493 thousand, up 3.09% from HKD 5,865,985 thousand year-over-year[14] - Total liabilities decreased to HKD 7,753,906 thousand, down 10.67% from HKD 8,688,767 thousand as of December 31, 2021[14] - The net asset value rose to HKD 3,317,209 thousand, reflecting an increase of 8.93% from HKD 3,044,576 thousand[15] - Current liabilities decreased to HKD 6,349,713 thousand, down 11.09% from HKD 7,142,173 thousand[14] - The company's total liabilities decreased to HKD 1,571,256,000 as of June 30, 2022, from HKD 1,464,728,000 as of December 31, 2021, reflecting a decrease of approximately 7.3%[81] Cash Flow - The net cash flow from operating activities for the six months ended June 30, 2022, was HKD 389.87 million, a decrease of 16% compared to HKD 464.08 million for the same period in 2021[24] - The net cash flow used in investing activities was HKD (436.34) million, compared to HKD (362.19) million in the previous year, indicating an increase in investment outflows[24] - The net cash flow generated from financing activities was HKD 377.61 million, a significant improvement from HKD (435.49) million in the prior year[24] - The total cash and cash equivalents at the end of the period increased to HKD 1,324.26 million, up from HKD 803.54 million at the end of the previous year[24] - Cash and bank balances amounted to HKD 1,841,231,000 as of June 30, 2022, compared to HKD 1,245,909,000 as of December 31, 2021[100] Segment Performance - The group operates four reportable segments: Manganese Mining, Electrolytic Manganese and Alloy Production, Battery Materials Production, and Other Businesses[38] - The Manganese Mining segment is responsible for the extraction and production of manganese products, including manganese ore and manganese powder[38] - The Electrolytic Manganese and Alloy Production segment includes the extraction and processing of ores for the production of electrolytic manganese and ferromanganese alloys[38] - The Battery Materials Production segment focuses on producing battery materials such as electrolytic manganese dioxide and lithium nickel cobalt manganese oxide[38] - The Other Businesses segment includes trading activities and investments in non-manganese metal extraction and production[38] - The total segment performance showed a profit of HKD 724,208, compared to HKD 247,719 in the same period last year, marking an increase of approximately 192%[46] - The battery materials production segment achieved revenue exceeding HKD 1 billion for the first time, contributing significantly to overall revenue growth[164] Market and Operational Insights - The company aims to expand its market presence and enhance product offerings through ongoing research and development initiatives[11] - The company continues to focus on manganese mining and processing operations in mainland China and Gabon, indicating ongoing commitment to its core business[26] - The company plans to continue expanding its market presence and investing in new technologies to enhance production capabilities and meet growing demand[46] - The company anticipates a rebound in demand for electrolytic manganese products in the second half of 2022 due to government stimulus measures and the easing of lockdowns in China[159] - The company plans to focus on market share acquisition, securing raw material supply, enhancing product R&D, and expanding production to other battery materials[160] Expenses and Impairments - Administrative expenses rose to HKD 402,166, compared to HKD 251,436 in the prior year, indicating a 60% increase[11] - The company recognized an impairment loss of HKD 126,297 on property, plant, and equipment, compared to HKD 45,557 in the previous year[11] - The group confirmed a non-cash impairment loss of HKD 126.3 million related to mining rights, impacting overall profitability[161] - The company's significant increase in employee benefits expenses totaled HKD 402,362,000 for the period, compared to HKD 358,044,000 in the previous year[56] Revenue Growth Factors - The average selling price of electrolytic manganese rose by 53.4% to HKD 24,902 per ton in the first half of 2022, compared to HKD 16,233 per ton in the first half of 2021[159] - The average selling price of electrolytic manganese dioxide increased by 65.7% to HKD 16,405 per ton in the first half of 2022, compared to HKD 9,901 per ton in the first half of 2021[160] - The average selling price of lithium manganese oxide surged by 160.1% to HKD 88,925 per ton, reflecting the rise in lithium carbonate prices[178]

Financial Performance - The company reported revenue of HKD 12,830,762, a significant increase of 194% compared to HKD 4,367,563 in the previous year[13] - The pre-tax profit for the year was HKD 584,936, recovering from a loss of HKD 503,810 in the previous year[13] - Net profit attributable to the parent company was HKD 466,185, compared to a loss of HKD 437,929 in the previous year[13] - Total assets increased to HKD 10,984,343, up from HKD 9,058,703 in the previous year, reflecting a growth of 21%[13] - Current assets rose to HKD 5,865,985, a 47% increase from HKD 3,972,103 in the previous year[13] - Total liabilities amounted to HKD 7,939,767, an increase from HKD 6,507,630 in the previous year[13] - The company's net assets reached HKD 3,044,576, up from HKD 2,551,073 in the previous year, indicating a growth of 19%[13] - Non-current assets slightly increased to HKD 5,118,358 from HKD 5,086,600 in the previous year[13] - The company reported a total revenue of HKD 2,618,617,000 as of December 31, 2021, with no significant changes in the nature of its main business during the year[31] - The gross profit for 2021 was HKD 2,338.9 million, up 305.7% from HKD 576.5 million in 2020, with a gross margin of 18.2%, an increase of 5.0 percentage points from 13.2% in 2020[82] - The operating profit for 2021 was HKD 1,292.7 million, compared to HKD 112.8 million in 2020, reflecting a significant increase[80] - The net profit attributable to equity holders of the parent for 2021 was HKD 466.2 million, a turnaround from a loss of HKD 437.9 million in 2020[82] - The net debt ratio decreased to 92.3% as of December 31, 2021, down from 134.8% in 2020[82] - The cash generated from operations for 2021 was HKD 1,595.1 million, an increase of 167.3% from HKD 596.8 million in 2020[82] Market and Growth Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[15] - The management is optimistic about the upcoming fiscal year, expecting continued revenue growth and improved profitability[15] - The company plans to continue enhancing its production technology and expanding its product offerings in battery materials and new energy materials to strengthen market competitiveness[17] - The group maintained a cautious optimism regarding the battery materials segment, focusing on market share and product development[87] - The group is optimistic about the recovery of the Chinese economy and plans to improve internal efficiency and management skills to reduce costs and enhance competitiveness[172] - The group continues to strengthen its leading position in the production of new energy battery materials, focusing on quality improvement and expanding applications in electric vehicles[173] Environmental and Safety Initiatives - The company actively implemented production cuts and carbon reduction measures in response to national energy-saving policies, enhancing its commitment to green development[17] - The company achieved zero casualties in production safety incidents during the year, thanks to its robust safety and environmental management systems[21] - The company successfully launched a project for the resource utilization of electrolytic manganese anode mud, marking a breakthrough in clean and sustainable production processes[21] - The Daxin manganese mine was honored as a "National Green Mine" by the Ministry of Natural Resources, reflecting the company's commitment to sustainable mining practices[23] - The company organized tree planting activities, planting over 2,000 fruit trees during the Arbor Day period, contributing to environmental improvement[25] - The group is committed to achieving carbon neutrality goals in line with government initiatives, focusing on green development and sustainable practices[172] Product and Sales Performance - In 2021, the average selling price of electrolytic manganese metal increased by 106.3% to HKD 22,121 per ton, compared to HKD 10,725 per ton in 2020[84] - The gross profit margin for electrolytic manganese metal products rose by 29.7 percentage points to 44.2% in 2021, up from 14.5% in 2020[84] - The sales volume of electrolytic manganese dioxide increased by 38.5% to 119,539 tons in 2021, compared to 86,294 tons in 2020[88] - The average selling price of electrolytic manganese dioxide rose by 24.7% to HKD 10,741 per ton in 2021, up from HKD 8,616 per ton in 2020[88] - The electrolytic manganese and alloy materials production segment's revenue rose by 46.0% to HKD 4,510.5 million in 2021, compared to HKD 3,089.2 million in 2020, mainly due to a significant increase in average selling prices[105] - Battery materials production segment revenue surged by 82.3% to HKD 1,673.9 million in 2021, up from HKD 918.4 million in 2020, with gross profit increasing by 100.6% to HKD 444.7 million[110] Related Party Transactions - The company has entered into related party transactions with Guangxi Daming and its subsidiaries, confirming that these transactions are conducted on normal commercial terms[71] - The company has established agreements for the purchase of high-grade manganese ore from Guangxi Daming for the three years ending December 31, 2023[67] - In 2021, the company purchased finished products from Guangxi Daming amounting to HKD 56,831,000[69] - The company also procured raw materials from Guangxi Daming's subsidiaries for HKD 870,000 in 2021[69] - The company supplied electricity and auxiliary materials to Guangxi Xishan for HKD 11,539,000 in 2021[69] Shareholder and Management Information - The company does not recommend the distribution of any dividends for the year[31] - The company has no existing management contracts related to the management and administration of its business[34] - As of December 31, 2021, major shareholders include Sun Mingwen with 994,260,000 shares, representing 29.00% of the issued share capital[59] - Guangxi Daming Group holds 776,250,000 shares, accounting for 22.64% of the issued share capital[59] - CITIC Group has a stake of 203,090,000 shares, which is 5.92% of the issued share capital[59] Debt and Financing - The company’s borrowings, including interest-bearing bank loans and other borrowings, are detailed in the financial statements[34] - The company has HKD 3,624.0 million in borrowings due within one year, up from HKD 2,676.0 million in 2020, reflecting a significant increase of approximately 35.4%[152] - Total borrowings decreased to HKD 4,113.9 million in 2021 from HKD 4,569.4 million in 2020, representing a reduction of approximately 9.9%[152] - The company has secured new bank loans totaling HKD 1,117.9 million since January 1, 2022, ensuring sufficient working capital for the next twelve months[160] - The group faces interest rate risk due to floating rate debt, which may increase financial costs if market rates rise; to manage this risk, interest rate swap contracts are utilized to lock in certain floating rates[166] Mining Operations and Resources - The total mining output for the Bembélé manganese mine in 2021 was 1,810 thousand tons, an increase from 1,546 thousand tons in 2020, reflecting a growth of approximately 17%[195] - The total mining output for the Daxin manganese mine in 2021 was 1,764 thousand tons, a decrease of about 4.5% from 1,847 thousand tons in 2020[192] - The manganese ore production at the Tiandeng manganese mine increased to 625 thousand tons in 2021, up from 498 thousand tons in 2020, representing a growth of approximately 25.5%[193] - The company has completed geological exploration at the Bembélé manganese mine, identifying approximately 1,021.80 thousand tons of economic manganese ore resources with an average grade of 26.93%[1] - The company has not signed any contracts or made commitments for exploration work at the Daxin manganese mine during the year[1] - The company has engaged contractors for geological surveys at the Bembélé manganese mine, covering an area of 2,000 square kilometers for further exploration[1]

(於百慕達註冊成立之有限公司) 股份代號: 1091 2021 中期報告 2021 目錄 頁次 2 公司資料 財務業績 4 5 7 9 10 中期簡明綜合損益及其他全面收益表 中期簡明綜合財務狀況表 中期簡明綜合權益變動報表 中期簡明綜合現金流量表 中期簡明綜合財務報表附註 其他資料 37 51 54 68 76 76 76 76 77 78 78 78 78 79 | --- | |--------------------------------------------------------------------------------------| | | | 管理層討論及分析 人力資源報告 | | 環境、社會及管治報告 | | 我們的錳礦資源摘要及我們的錳礦石儲量摘要 | | 企業管治常規守則 董事進行證券交易的標準守則 董事及最高行政人員在股份及相關股份的權益 | | 購股權計劃 主要股東及其他人士在股份及相關股份的權益 購買、贖回或出售本公司的上市證券 | | 董事資料變更 | | 審閱帳目 | | 前瞻聲明 | | 詞滙表 | 2 南方錳業投資有限公司 公司資料 | --- | --- | | ...

南方猛業投資有限公司 SOUTH MANGANESE INVESTMENT LIMITED (於百慕達註冊成立之有限公司) 股份代號: 1091 25 ● ● ● ● ● ● ● ● ● ● . ● . ● . 年報 2020 目錄 | --- | --- | |---------|--------------------------| | | | | 2-3 | 公司資料 | | 4 | 五年財務概要 | | 5-8 | 主席報告 | | 9-20 | 董事會報告 | | 21-48 | 管理層討論及分析 | | 49-58 | 礦產資源及採礦報告 | | 59-62 | 董事及高級管理人員簡介 | | 63-79 | 企業管治報告 | | 80-84 | 人力資源報告 | | 85-101 | 環境、社會及管治報告 | | 102-104 | 股權分析及權益人資料 | | 105-110 | 獨立核數師報告 | | 111-112 | 綜合損益及其他全面收益表 | | 113-114 | 綜合財務狀況表 | | 115-116 | 綜合權益變動報表 | | 117-118 | 綜合現金流量表 | | 11 ...

心中信大猛控股有限公司 V CITIC Dameng Holdings Limited (於百慕達註冊成立之有限公司) 股份代號 : 1091 中 期 報 告 2020 * 僅供議別 目錄 頁次 2 公司資料 財務業績 中期簡明綜合損益及其他全面收益表 中期簡明綜合財務狀況表 中期簡明綜合權益變動報表 中期簡明綜合現金流量表 中期簡明綜合財務報表附註 3 4-5 6-7 8 9-37 其他資料 38-52 53-55 56-69 70-77 78 78 78 79 79 80 81 81 81 82-84 | --- | --- | |-------|-------------------------------------------------------------------------------------------------| | | | | | 管理層討論及分析 | | | 人力資源報告 | | | 環境、社會及管治報告 | | | 我們的錳礦資源摘要及我們的錳礦石儲量摘要 企業管治常規守則 | | | 董事進行證券交易的標準守則 董事及最高行政人員在股份及相關股份的權益 購股權計劃 董事 ...

CITIC Dameng Holdings Limited 中信大猛控股有限公司* (於百慕達註冊成立之有限公司) 股份代號: 1091 * 僅供議別 年 報 2019 目錄 | --- | --- | |---------|--------------------------| | | | | 2-3 | 公司資料 | | | 五年財務概要 | | 5-7 | 主席報告 | | 8-19 | 董事會報告 | | 20-42 | 管理層討論及分析 | | 43-52 | 礦產資源及採礦報告 | | 53-56 | 董事及高級管理人員簡介 | | 57-72 | 企業管治報告 | | 73-77 | 人力資源報告 | | 78-93 | 環境、社會及管治報告 | | 94-96 | 股權分析及權益人資料 | | 97-102 | 獨立核數師報告 | | 103 | 綜合損益及其他全面收益表 | | 104-105 | 綜合財務狀況表 | | 106 | 綜合權益變動報表 | | 107-108 | 綜合現金流量表 | | 109-194 | 財務報表附註 | | 195 | 過往表現及前瞻性陳述 | | 196 ...