Financial Performance - For the first half of 2023, the company achieved a revenue of approximately HKD 2,769.4 million, with a gross margin of 53.8%, an increase of about 7.2 percentage points from 46.6% in the same period last year[16]. - The net profit for the period was approximately HKD 355.4 million, representing a growth of about 4% compared to the same period last year[16]. - Operating revenue for the first half of 2023 was HKD 2,769,414, a decrease of 6% compared to HKD 2,938,362 in 2022[29]. - Gross profit increased by 9% to HKD 1,489,031, with a gross margin of 53.8%, up from 46.6% in the previous year[29]. - The group reported a profit of approximately HKD 355.4 million, a 4% increase from HKD 342.6 million in the same period last year[31]. - The company recorded a revenue of approximately HKD 2,769.4 million for the six months ended June 30, 2023, a decrease of about 6% compared to HKD 2,938.4 million for the same period in 2022[67]. - The group reported a pre-tax profit of HKD 359,530 for the six months ended June 30, 2023, slightly down from HKD 360,914 in the same period last year[152]. Operational Highlights - The total operational power generation of the company and its joint ventures reached approximately 3.322 million MWh, an increase of about 8.5% year-on-year[16]. - The company held a cumulative installed capacity of approximately 2,362 MW for grid-connected centralized photovoltaic power stations as of June 30, 2023[16]. - The company managed a total installed capacity of approximately 800 MW for distributed photovoltaic power stations as of June 30, 2023[18]. - The company completed wind power generation of approximately 1.152 million MWh in the first half of 2023, with an installed capacity of about 790 MW for wind power stations[18]. - The total operational electricity generation for the group and its joint ventures was approximately 3.322 million MWh, an increase of about 8.5% from 3.063 million MWh in the same period last year[31]. - The total installed capacity of renewable energy in China exceeded 1.322 billion kW, with a year-on-year growth of 18.2%[21]. - New photovoltaic installations reached 78.42 million kW in the first half of 2023, marking a 154% increase year-on-year[21]. Strategic Initiatives - The company aims to leverage new opportunities in the green electricity, green certificate, and carbon trading markets[15]. - The company is focusing on enhancing operational standards through information technology and precision management in its electricity sales business[16]. - The company aims to position itself as a leading provider of comprehensive renewable energy solutions in China, focusing on wind and solar energy development[21]. - The group aims to capitalize on national policies that support the rapid development of wind and solar power generation, with a projected annual renewable energy generation target of approximately 3.3 trillion kWh by 2025[34]. - The company is committed to supporting national carbon peak and carbon neutrality goals through sustainable development initiatives[28]. Financial Position - The total assets of the company as of June 30, 2023, were HKD 50,334,385, a decrease of 3% from HKD 52,028,265 in 2022[29]. - Cash and cash equivalents decreased by 13% to HKD 3,178,265 from HKD 3,637,264 in the previous year[29]. - The company's actual tax rate is lower than the standard corporate income tax rate of 25% in China due to certain subsidiaries enjoying tax relief during the reporting period[75]. - The total interest-bearing bank loans and other borrowings, along with corporate bonds, amounted to approximately HKD 31,087.1 million as of June 30, 2023, an increase of about HKD 1,009.3 million from HKD 30,077.8 million as of December 31, 2022[92]. - The net debt-to-equity ratio was approximately 66% as of June 30, 2023, compared to 64% as of December 31, 2022, due to increased bank borrowings for clean energy development[92]. Market and Customer Insights - The group’s electricity sales and entrusted operation services revenue reached approximately HKD 2,326.3 million, a 9% increase compared to HKD 2,143.3 million in the same period last year[32]. - The concentrated photovoltaic power generation business generated revenue of approximately HKD 1,204.0 million, accounting for about 43% of the total revenue for the group[35]. - The total installed capacity of the concentrated photovoltaic power stations increased to 2,362 MW, up from 2,306 MW in the previous year[37]. - The company aims to enhance its strategic focus on acquiring and maintaining high-quality major customers in the renewable energy sector[48]. - Over 90% of the company's revenue is generated from customers in mainland China, and more than 90% of its assets are located in mainland China[137]. Challenges and Risks - The actual clean heating area managed by the company decreased to approximately 33.45 million square meters as of June 30, 2023, down 26% from 45.33 million square meters a year earlier, with the number of clean heating service users dropping by 34% to approximately 196,602[60]. - Revenue from clean heating services was approximately HKD 382.4 million for the six months ended June 30, 2023, a decrease of about 41% from HKD 649.3 million in the same period of 2022[60]. - The company has initiated discussions with local government regarding the dismantling of the 60 MW Ying Shang project, which has ceased operations as of June 30, 2023[42]. - The company is actively pursuing compensation and subsidies from local governments to mitigate the impact of the Ying Shang project's dismantling[42]. Human Resources - The total employee cost for the six months ended June 30, 2023, was approximately HKD 242.4 million, up 24.7% from HKD 194.4 million for the same period in 2022[99]. - The company employed 2,059 full-time employees as of June 30, 2023, a slight decrease from 2,076 employees a year earlier[99]. - Total remuneration paid to key management personnel was HKD 889,000 for the six months ended June 30, 2023, a decrease of 90% from HKD 8,885,000 in the same period of 2022[188]. Investments and Acquisitions - The group completed the acquisition of 100% equity interests in three renewable energy companies for a total consideration of approximately RMB 242.7 million, finalized on January 1, 2023[94]. - The company is preparing its first pumped storage project in Guangdong Province, which is expected to significantly contribute to local economic development and job creation[65]. - The company is exploring new business models in collaboration with Shandong Expressway Group, with a potential installed capacity of 4 GW in various applications[48]. Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[99]. - The basic earnings per share for the first half of 2023 is 16.00 HK cents, down from 23.91 HK cents in the same period of 2022, reflecting a decrease of approximately 33.0%[153]. - The weighted average number of ordinary shares issued during the period increased to 2,246,588,726 from 1,508,957,365, indicating a significant increase in share count due to the share consolidation[153].

Financial Performance - For the six months ended June 30, 2023, the group recorded a gross profit of approximately HKD 1,489.0 million, an increase of about 9% compared to HKD 1,369.4 million for the same period in 2022[2]. - The gross profit margin improved from 46.6% for the six months ended June 30, 2022, to 53.8% for the current reporting period, attributed to ongoing business structure optimization and cost reduction efforts[2]. - The profit for the period was approximately HKD 355.4 million, representing a 4% increase from HKD 342.6 million for the same period in 2022[2]. - Basic and diluted earnings per share for the period were both HKD 0.16, compared to HKD 0.2391 (restated) for the same period in 2022[2]. - The company reported a profit attributable to equity holders of HKD 359,530,000 for the six months ended June 30, 2023, a slight decrease from HKD 360,914,000 in the same period of 2022[31]. - The company's profit before tax for the six months ended June 30, 2023, was HKD 434,819,000, compared to HKD 417,230,000 for the same period in 2022, representing an increase of approximately 4.0%[16][19]. - The total revenue from customer contracts for the six months ended June 30, 2023, was HKD 2,769,414,000, a decrease of about 5.8% from HKD 2,938,362,000 in the same period of 2022[23][24]. - The company reported a net amount of unallocated income and expenses of (49,710) during the period[15]. - The company’s other income and gains for the six months ended June 30, 2023, amounted to HKD 114,589,000, significantly higher than HKD 53,187,000 in the same period of 2022[25]. - The total tax expense for the six months ended June 30, 2023, was HKD 79,401,000, compared to HKD 74,679,000 in 2022, representing an increase of about 6.9%[29]. Assets and Liabilities - Non-current assets totaled HKD 33,842.1 million as of June 30, 2023, down from HKD 35,442.8 million as of December 31, 2022[6]. - Current liabilities amounted to HKD 12,163.8 million, an increase from HKD 10,162.4 million as of December 31, 2022[7]. - The net asset value was HKD 14,428.7 million as of June 30, 2023, compared to HKD 15,091.7 million as of December 31, 2022[7]. - The total equity increased from 14,428,659 to 15,091,724, representing a growth of approximately 4.6%[8]. - The company’s total bank borrowings and other borrowings increased to HKD 31,603,959 as of June 30, 2023, up from HKD 30,572,721 as of December 31, 2022, representing a growth of 3.4%[43]. - The company’s total issued and fully paid ordinary shares as of June 30, 2023, were 2,246,588,726 shares, a significant decrease from 112,329,436,304 shares as of December 31, 2022[48]. - The company’s non-current portion of trade receivables decreased to HKD 2,444,596 as of June 30, 2023, compared to HKD 3,332,845 as of December 31, 2022, reflecting a decline of 26.7%[40]. - The company’s total bonds classified as current liabilities decreased to HKD 428,245 as of June 30, 2023, from HKD 527,366 as of December 31, 2022[46]. - The company’s other payables decreased to HKD 1,312,901 as of June 30, 2023, down from HKD 1,385,091 as of December 31, 2022, indicating a reduction of 5.2%[42]. Operational Performance - The weighted average utilization hours of wind power projects during the reporting period were 1,490 hours, exceeding the national average of 1,237 hours for wind power in China[2]. - The actual electricity generation reached 3.322 million MWh, an increase of 8.5% year-on-year[57]. - The group completed a power generation of approximately 2.898 million MWh, representing a 16.2% increase from 2.493 million MWh in the same period last year[59]. - The group’s operational power generation from concentrated solar power stations was approximately 1,465,813 MWh, up from 1,427,383 MWh in the same period last year[62]. - The company operates 16 wind power stations as of June 30, 2023, with a total installed capacity of 790 MW, an increase from 588 MW in the previous year[70]. - Revenue from wind power sales was approximately HKD 654.9 million for the six months ending June 30, 2023, up from HKD 508.1 million in the same period of 2022, indicating a growth of 28.9%[70]. - The company confirmed operating income of approximately HKD 7.3 million from entrusted management services for photovoltaic power stations for the six months ending June 30, 2023, down from HKD 9.0 million in the previous year[69]. - The company has initiated discussions with the local government regarding the dismantling of the Ying Shang project, which has a capacity of 60 MW, and has taken measures to mitigate the impact of this project’s removal[65]. Investments and Acquisitions - The company completed the acquisition of three renewable energy companies for a total consideration of approximately RMB 242.7 million, enhancing its portfolio in the clean energy sector[108]. - The company agreed to repurchase equity interests from minority shareholders, totaling approximately 10.52%, 7.29%, 5.52%, 2.92%, 2.71%, and 1.04% for a total consideration of RMB 45.5 million, RMB 45.54 million, RMB 34.48 million, RMB 18.22 million, RMB 16.9 million, and RMB 6.51 million respectively[109]. - The company has established a non-binding memorandum of cooperation with Shandong Expressway Group to develop low-carbon service areas, with a potential installed capacity of up to 4 GW[68]. Corporate Governance - The company emphasizes maintaining high levels of corporate governance to achieve sustainable development and enhance performance[120]. - The board of directors consists of 12 members, including 4 independent non-executive directors, complying with listing rules[120]. - The audit committee, composed of three independent non-executive directors, reviewed the unaudited interim results for the six months ending June 30, 2023[122]. - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance for the six months ending June 30, 2023[121]. - The company acknowledges the support of shareholders and business partners during the reporting period[124]. Future Outlook and Strategy - The company aims to become a flagship enterprise in the renewable energy sector under Shandong High-Speed Group, focusing on solar and wind energy[57]. - The group aims to accelerate development in the renewable energy sector, supported by national policies targeting a 50% increase in renewable energy generation by 2025[60]. - The company is actively exploring organic coupling forms in the hydrogen energy sector, including "wind-solar electrolysis for hydrogen storage," to assist in the transition from gray hydrogen and blue hydrogen to green hydrogen[80]. - The company is preparing its first pumped storage project in Guangdong Province, which is expected to enhance local grid stability and contribute to economic development[79]. - The company is focusing on carbon-related businesses, including carbon asset development, trading, and finance, to ensure dynamic balance with the development of the power system[80].

Financial Performance - The group reported a profit of approximately HKD 225.8 million for the year ended December 31, 2022, compared to a loss of HKD 288.8 million in 2021, primarily due to a significant reduction in other operating expenses[2]. - EBITDA for the year was approximately HKD 3,666.1 million, an increase of about 25% compared to HKD 2,941.9 million in the previous year[2]. - Revenue for the year was approximately HKD 5,296.2 million, a decrease of about 12% from HKD 6,023.4 million in 2021, mainly due to business restructuring and currency fluctuations[2]. - Basic and diluted earnings per share were HKD 0.28, compared to a loss per share of HKD 0.62 in the previous year[2]. - The group reported a profit attributable to equity holders of HKD 258,236 in 2022, a recovery from a loss of HKD 321,312 in 2021[21]. - The total income tax expense for 2022 was HKD 57,655, compared to HKD 23,960 in 2021, indicating a substantial increase of 140.61%[18]. - The company confirmed a revenue of approximately HKD 923.6 million from clean heating services, a decrease of about 15.5% compared to HKD 1,092.4 million in the previous year[67]. Assets and Liabilities - Cash and cash equivalents increased to approximately HKD 3,637.3 million, up by HKD 2,496.5 million from the previous year, indicating strong financial reserves for business development[2]. - Non-current assets decreased to HKD 35,442.8 million from HKD 38,741.8 million in the previous year, primarily due to reductions in property, plant, and equipment[6]. - Current assets increased to HKD 16,585.4 million from HKD 16,132.5 million, driven by a rise in cash and cash equivalents[6]. - Current liabilities decreased from HKD 18,702,835 thousand in 2021 to HKD 10,162,375 thousand in 2022, a reduction of approximately 45.4%[7]. - Total assets increased from HKD 36,171,402 thousand in 2021 to HKD 41,865,890 thousand in 2022, representing a growth of about 15.9%[7]. - Non-current liabilities rose from HKD 24,089,348 thousand in 2021 to HKD 26,774,166 thousand in 2022, an increase of approximately 11.2%[7]. - Net assets increased significantly from HKD 12,082,054 thousand in 2021 to HKD 15,091,724 thousand in 2022, reflecting a growth of around 24.9%[7]. - The company’s total liabilities decreased significantly, with interest-bearing bank loans and other borrowings dropping from HKD 10,050,832 thousand in 2021 to HKD 6,117,897 thousand in 2022, a reduction of about 39.0%[7]. Revenue Sources - The revenue from the centralized photovoltaic power generation business was approximately HKD 2,362.2 million, accounting for about 44.6% of the total revenue for the year[44]. - The wind power business recorded operational revenue of approximately HKD 750.7 million, down from HKD 815.9 million in the previous year[56]. - Revenue from engineering, procurement, and construction services amounted to approximately HKD 403.1 million, a decrease of 49.3% from HKD 794.4 million in the previous year, accounting for 7.6% of total revenue[65]. Strategic Focus and Development - The company has shifted its focus to renewable energy, particularly in solar and wind power, aligning with China's "carbon peak and carbon neutrality" goals[37]. - The company aims to enhance its clean energy business by focusing on the development of grid-parity projects, with a total scale of over 700 MW for approved and in-construction projects[43]. - The company plans to continue investing in the development of photovoltaic and wind power projects to achieve a leading position in the domestic renewable energy market[43]. - The company is actively exploring new energy applications and international market expansion, aiming to become a leading comprehensive service provider in the new energy sector[69]. - The company aims to achieve carbon neutrality by 2060, aligning with national policies on green and low-carbon development[67]. Corporate Governance - The company emphasizes maintaining high standards of corporate governance to achieve sustainable development and enhance performance[109]. - The board of directors and management are committed to adhering to corporate governance principles, focusing on internal controls, risk management, and fair disclosure[109]. - The audit committee has reviewed the annual performance and confirmed the adoption of appropriate accounting policies[111]. Employee and Operational Metrics - The total employee count as of December 31, 2022, was 1,953, with total salary costs for the year amounting to approximately HKD 356.9 million, a decrease from HKD 367.0 million in 2021[101]. - The average utilization rate for the year was 95.98%, a decrease of 1.34% compared to the previous year[50]. - The actual clean heating area managed by the company and its joint ventures reached approximately 39,598 thousand square meters, a decrease of about 20.3% from 49,672 thousand square meters in the previous year[68]. Financial Management - The company raised approximately HKD 4,685 million through a subscription agreement completed on May 19, 2022, which significantly strengthened its capital base[33]. - The net debt-to-equity ratio decreased to approximately 64% as of December 31, 2022, down from 71% in 2021, primarily due to cash inflow from the subscription and reduced borrowings for clean energy development[96]. - The total borrowings as of December 31, 2022, were approximately HKD 30,077.8 million, a decrease of 3.6% from HKD 31,216.9 million in 2021[90].

Financial Performance - The company reported a revenue of HKD 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[11]. - The group achieved a revenue of approximately HKD 2,938.4 million with a gross margin of 46.6% for the first half of 2022, while net profit decreased by about 18% to HKD 342.6 million compared to the previous year[15]. - The company reported a revenue of HKD 2,938,362, a decrease of 3% compared to HKD 3,019,152 in the previous year[22]. - Net profit for the period was HKD 342,551, an 18% decrease from HKD 418,450[22]. - The group achieved a total electricity sales and entrusted operation revenue of approximately HKD 2,143.3 million for the six months ended June 30, 2022, a decrease of about 2% compared to HKD 2,180.1 million for the same period in 2021[24]. - The company reported a total comprehensive income of HKD 678,586 thousand for the six months ended June 30, 2022[87]. - The company reported a total of HKD 1,118,999,000 in investments in joint ventures as of June 30, 2022, down from HKD 1,346,181,000 as of December 31, 2021, indicating a decrease of 16.9%[143]. Market Expansion and Strategy - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[11]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[11]. - A strategic acquisition of a local competitor was announced, expected to enhance operational efficiency and increase market share by 5%[11]. - The company aims to enhance collaboration with Shandong High-speed Group to leverage resources for market expansion in clean energy[19]. - Future strategies include exploring hydrogen energy applications and developing integrated projects in marine renewable energy[19]. - The company is focused on expanding its photovoltaic and wind power businesses in mainland China, which are key areas of growth[92]. Research and Development - Investment in R&D increased by 30%, focusing on renewable energy technologies and innovative solutions[11]. - The company aims to actively respond to national policies and increase investment in technology research and development for clean heating solutions[50]. Operational Efficiency - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management[11]. - The company aims to reduce operational costs by 15% through process optimization and technology integration[11]. - The governance structure has been optimized to enhance operational efficiency and protect shareholder interests, with a focus on market-oriented management[14]. Clean Energy and Sustainability - The group aims to become a leading comprehensive solution provider in the domestic renewable energy sector, focusing on wind and solar energy development and urban clean heating services[14]. - The clean heating service area reached approximately 45.34 million square meters, serving around 297,000 households across several provinces[16]. - The company holds and/or manages 14 operational projects utilizing various clean energy sources, with a focus on expanding its clean heating business[50]. Financial Position and Capital Management - Total assets amounted to HKD 54,621,512, a slight decrease of 0.5% from HKD 54,874,237[22]. - Total equity increased by 33% to HKD 16,016,938 from HKD 12,082,054[22]. - Cash and cash equivalents surged by 220% to HKD 3,645,553 from HKD 1,140,832[22]. - The company secured a USD 369 million syndicated loan with a participation of nine major commercial banks, achieving a subscription multiple of 1.84 times[17]. - The company recorded a net cash inflow from operating activities of HKD 1,427,669,000 for the six months ended June 30, 2022, compared to HKD 647,457,000 in the same period of 2021, representing a significant increase of approximately 120%[89]. - The company has maintained compliance with all applicable corporate governance codes as of June 30, 2022[182]. Shareholder Dynamics - Shandong Hi-Speed Group holds 48,804,039,247 shares, representing approximately 43.45% of the total issued shares[153]. - The ownership structure indicates significant control by a few major shareholders, with the top three shareholders holding over 79% of the total shares[157]. - The presence of institutional investors like CITIC Securities suggests a level of confidence in the company's future prospects[159]. Stock Options and Employee Incentives - The company aims to attract and retain talent through the stock option plan, providing additional incentives for selected participants[162]. - The stock option plan allows for a maximum of 10% of the total issued shares to be granted as options, updated to allow for up to 6,352,539,705 shares[165]. - The total remuneration paid to key management personnel for the six months ended June 30, 2022, was HKD 8,885,000, representing a significant increase of 103.6% compared to HKD 4,365,000 for the same period in 2021[145]. Corporate Governance - The company emphasizes high levels of corporate governance to enhance performance and shareholder value[182]. - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2022[183].

Economic Performance - In 2021, China's GDP reached RMB 114,367 billion, growing by 8.1% year-on-year, with an average growth of 5.1% over two years[9]. - By the end of 2021, the total installed power generation capacity in China was approximately 2.38 billion kW, an increase of 7.9% year-on-year[9]. Renewable Energy Capacity - Wind power installed capacity reached approximately 330 million kW, growing by 16.6% year-on-year, with onshore wind capacity at 300 million kW and offshore wind capacity at 26.39 million kW[9]. - Photovoltaic power generation capacity reached approximately 310 million kW, increasing by 20.9% year-on-year, with centralized photovoltaic capacity at 200 million kW and distributed capacity at 110 million kW[9]. - Non-fossil energy power generation capacity reached approximately 1.12 billion kW, growing by 13.4% year-on-year, accounting for 47.0% of total installed capacity, surpassing coal power for the first time[9]. Power Generation Statistics - Total power generation from non-fossil energy sources was approximately 2.90 trillion kWh, a year-on-year increase of 12.0%, representing 34.6% of total power generation[9]. - The company achieved a total operating power generation of approximately 5.788 billion kWh in 2021, representing a year-on-year increase of about 19.5%[12]. - The company completed photovoltaic power generation of approximately 3.353 billion kWh in 2021, an increase of 6.8% year-on-year[13]. - The company’s wind power generation reached approximately 1.421 billion kWh in 2021, marking a significant year-on-year growth of about 118.6%[13]. Financial Performance - The company reported a revenue of approximately HKD 6,023.4 million for the year ended December 31, 2021, an increase of about 8% compared to the previous year[11]. - The company incurred a loss of approximately HKD 288.8 million in 2021, a decrease of about 133% compared to the previous year[11]. - The company’s gross profit for the same period was HKD 2,576,523, reflecting a decrease of 3% compared to HKD 2,662,864 in the previous year, resulting in a gross margin of 42.8%, down from 48.0%[19]. Clean Energy Initiatives - The company plans to expand its clean energy projects across various provinces, including significant developments in solar and wind energy[7]. - The company is focusing on enhancing its clean heating business, with multiple projects underway in different regions[7]. - The company aims to leverage technological advancements in renewable energy to improve efficiency and reduce costs[7]. - The company is actively exploring other clean energy sectors such as hydropower, energy storage, and hydrogen production to enhance its competitive edge[11]. Operational Developments - The company’s operational clean heating area reached approximately 49.67 million square meters, a year-on-year increase of about 70.4%[13]. - The company’s clean heating service households increased to approximately 310,478, reflecting a year-on-year growth of about 36.1%[13]. - The average utilization hours for the company’s operational wind power stations reached 2,902 hours, exceeding the national average of 2,246 hours[13]. Corporate Governance - The company emphasizes high levels of corporate governance to achieve sustainable development and enhance performance[115]. - The board of directors is responsible for leading, guiding, and monitoring the business to ensure long-term success and strategic decision-making[115]. - The company has adhered to all applicable provisions of the corporate governance code as outlined in the Listing Rules throughout the year ending December 31, 2021[115]. Leadership and Management - Zhang Tiefu was appointed as the executive director and co-chairman of the board in July 2021, bringing extensive experience in economic and market development[107]. - Yang Guang became the CEO and executive director in May 2021, previously serving as the development director and senior vice president at Beikong Water Group[108]. - The company has a strong leadership team with over 25 years of experience in management and investment across various sectors[107][110]. Risk Management - The company upgraded its risk management framework from a "three-tier + three lines of defense" model to a "three lines model" to enhance governance and risk management in response to changing business environments[136]. - The board is tasked with overseeing the effectiveness of the risk management and internal control systems, ensuring they are adequate to protect shareholder interests and group assets[136]. Related Party Transactions - The company’s independent non-executive directors have reviewed the related party transactions and confirmed they are conducted in the ordinary course of business and on normal commercial terms[194]. - The company has established ongoing related party transactions with its controlling shareholder, which are subject to annual review and disclosure requirements[194]. Shareholder Information - The company reported a financial position as of December 31, 2021, with a total available reserve for distribution to shareholders of approximately HKD 4,713.3 million[155]. - The board of directors did not recommend the payment of dividends for the year ended December 31, 2021[151]. Environmental Commitment - The company is committed to environmental sustainability and is expanding its photovoltaic and wind power businesses to contribute to renewable energy utilization[103]. - The company plans to publish its Environmental, Social, and Governance (ESG) report by the end of May 2022, detailing its commitments and performance in sustainable development[105].