| --- | --- | --- | --- | |-------|-------|-----------------------------------|-------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | KINETIC DEVELOPMENT GROUP LIMITED | 2024 力量發展集團有限公司 股份代號 : 1277 (於開曼群島註冊成立的有限公司) 中期報告 | 目錄 | --- | --- | --- | |--------------------------|-------|----------------------------| | | | | | 公司資料 | 02 | 綜合財務狀況表 | | 主席報告 | 03 | 綜合權益變動表 | | 管理層討論及分析 | 05 | 簡明綜合現金流量表 | | 綜合損益及其他全面收益表 | 16 | 未經審核的中期財務報告附註 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 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。 Kinetic Development Group Limited 力量發展集團有限公司 （股 份 代 號：1277） (於開曼群島註冊成立的有限公司) 截至二零二四年六月三十日止六個月 中期業績公告 | --- | --- | --- | --- | |---------------------------|--------------------------------------------------|---------------------------|---------------| | | | | | | 財務摘要 | | | | | | 截至六月三十日止六個月 二零二四年 人民幣百萬元 | 二零二三年 人民幣百萬元 | 變 動 | | 收 益 | 2,532.4 | 1,492.2 | +69.7% | | 毛 利 | 1,554 ...

Financial Performance - Revenue for the year ended December 31, 2023, was approximately RMB 4,745.1 million, a decrease of 22.9% year-on-year[5] - Net profit for the year ended December 31, 2023, was approximately RMB 2,072.7 million, a decrease of 22.0% year-on-year[5] - Gross profit margin for the year ended December 31, 2023, was 59.1%, and net profit margin was 43.7%[5] - Total revenue for 2023 was approximately RMB 4,745.1 million, a decrease of 22.9% year-on-year[15] - Comprehensive net profit for 2023 was approximately RMB 2,072.7 million, a decrease of 22.0% year-on-year[15] - EBITDA for 2023 was approximately RMB 2,681.6 million, a decrease of 29.8% year-on-year[15] - Revenue decreased by 22.9% to RMB 4,745.1 million in 2023, primarily due to a 20.0% drop in the average selling price of 5,000 kcal coal products[34] - Gross profit margin declined to 59.1% in 2023 from 65.4% in 2022, driven by lower average selling prices of coal products[36] - Net profit for the year was RMB 2,072.7 million, a decrease from RMB 2,656.3 million in 2022[32] - Basic and diluted earnings per share for the year were RMB 24.65 cents, down from RMB 31.61 cents in 2022[33] - The company's net profit attributable to shareholders decreased by 22.0% from RMB 2,664.5 million in 2022 to RMB 2,077.8 million in 2023, with a net profit margin of 43.7%[42] Coal Production and Operations - The company's Dafanpu Coal Mine resumed normal production in May 2023 after facing unfavorable mining conditions in the first half of the year[5] - The company is constructing the Yong'an Coal Mine and Wei Yi Coal Mine in Ningxia, which are expected to expand coal production capacity and diversify coal types[6] - The company expects coal supply to continue growing in 2024, but at a limited rate, with demand remaining resilient as the economy recovers[7] - The company's Dafanpu Coal Mine has maintained its national-level green mine certification and continues to focus on environmental and sustainable development[7] - The company's Dafangpu Coal Mine passed the national first-level safety production standardization and intelligent mining face acceptance in 2023[16] - The company's Dafanpu Coal Mine maintains its national-level green mine status, reflecting its comprehensive strength in sustainable mining development[17] - The total coal resources at Dafanpu Coal Mine as of December 31, 2023, are 367.57 million tons, with proven reserves of 150.69 million tons, controlled reserves of 198.55 million tons, and inferred reserves of 18.33 million tons[22] - The total coal reserves at Dafanpu Coal Mine as of December 31, 2023, are 165.61 million tons, with proven reserves of 79.17 million tons and probable reserves of 86.44 million tons[23] - The total coal resources at Yong'an Coal Mine as of December 31, 2023, are 224.22 million tons, with controlled reserves of 63.22 million tons and inferred reserves of 161.00 million tons[24] - The total coal reserves at Yong'an Coal Mine as of December 31, 2023, are 33.20 million tons, all classified as probable reserves[25] - The total coal resources at Weiyi Coal Mine as of December 31, 2023, are 118.61 million tons, with controlled reserves of 38.09 million tons and inferred reserves of 80.52 million tons[26] - The company expects to add 2.1 million tons of coking coal capacity annually, with the Ningxia coal mine projects expected to be fully operational by 2026[30] Business Expansion and Acquisitions - The company acquired a cigar and tobacco production, operation, and sales business in Cambodia in October 2023 to enhance profitability[7] - The company acquired a 73% stake in Xingyao Enterprise Limited in October 2023, entering the cigar and tobacco production, operation, and sales business in Cambodia[17] - The company acquired 73% of Xingyao's equity for $62,757,010 (approximately RMB 440,974,000) and canceled a related subscription agreement, with the transaction completed on October 9, 2023[61] - The company expanded its business lines beyond coal mining, including property and tobacco, with other segments not generating significant revenue[64] - The company acquired 75% equity of Changlin for a total consideration of RMB 1.1 billion, with prepayments of RMB 550 million in 2021 and RMB 530.256 million in 2022[147] - The company acquired specific properties for a total consideration of RMB 809.48 million, with prepayments of RMB 670 million to Guangzhou Chai Ju and RMB 26 million to Zhuhai Hengqin in 2022, and an additional RMB 107 million to Zhuhai Hengqin in 2023[147] - The company entered into a second supplementary agreement to terminate the property purchase and acquire target shares for RMB 220 million, with a prepayment of RMB 40 million to Huarong Rongde in 2023[147] Environmental, Social, and Governance (ESG) - The company's Dafanpu Coal Mine has maintained its national-level green mine certification and continues to focus on environmental and sustainable development[7] - The company released its 8th ESG report in 2023, covering entities including Xingyao, Power Cigar Tobacco, Lixin International Trade Co., Ltd., and Liyun (Ningbo) Power Fuel Co., Ltd., which were newly established or acquired during the year[67] - The company established an ESG working group to implement ESG strategies and report progress to the board, with a focus on risk management and internal control systems related to ESG[69] - Key ESG performance indicators include carbon emissions, pollutant emissions, energy consumption, and water resource management, with regular reviews of progress[69] - The company conducted a materiality assessment of ESG issues through anonymous surveys with six major stakeholder groups, including government, shareholders, customers, partners, employees, and community representatives[74] - The ESG report follows the guidelines of Appendix C2 of the Hong Kong Stock Exchange Listing Rules and includes quantifiable key performance indicators for performance evaluation[70] - The company's coal quality management system ensures a 100% product qualification rate, with a coal processing capacity exceeding 6.5 million tons per year[81] - The company's innovation studio reported 49 projects in 2023, with 40 awards and direct economic value creation of RMB 4.9 million[79] - The company received RMB 3.5 million in government rewards for ecological restoration projects, including soil repair and grape cultivation[79] - The company's 61103 working face technology innovation reduced energy consumption and environmental damage, saving 50% of roadway excavation work[80] - The company's automation and AI systems, including intelligent mining and 4G+5G communication, reduced labor costs and improved safety[80] - The company holds 1 invention patent and 9 utility model patents, with its coal subsidiary recognized as a national high-tech enterprise[79] - The company's coal quality testing remained stable throughout the year, with zero product recalls due to safety or health issues[81] - The company implemented a complaint reporting system with strict confidentiality and accountability measures for ethical compliance[77] - The company's innovation projects focus on environmental protection, energy efficiency, and employee safety, aligning with ESG priorities[79][80] - The company's clean coal product has a sulfur content of less than 0.6%, fully complying with national standards[82] - The company has established a customer rating mechanism since 2021, evaluating clients based on qualifications, payment ability, credit, and other factors[83] - The company invested RMB 42.23 million in safety production and occupational health in 2023[86] - The company's Dafanpu Coal Mine has been rated as a "Class A Coal Mine" in Inner Mongolia's Zhungeer Banner for eight consecutive years since 2014[87] - The company conducts dust concentration measurements twice a month for total dust and once a month for respirable dust[89] - The company performs free silica content in dust measurements every six months[89] - The company conducts weekly inspections of mine permanent seals and natural fire observation points[91] - The company has established a multi-level health and safety management system from the board of directors to production lines[87] - The company has implemented a safety monitoring system, personnel positioning system, and part-time rescue team system[92] - The company conducted 93 internal inspections and identified 990 hidden hazards, achieving a 100% rectification rate[94] - The company organized 1,092 safety training sessions, covering 1,281 employees with over 1,100 training hours[95] - The company completed 45 technical personnel practical assessments and 27 general management training sessions in 2023[95] - The company updated 563 occupational health records and achieved a 100% employee health checkup rate[98] - The company held 144 practical skills training sessions and conducted 2,866 operational process spot checks[95] - The company awarded 21 senior technicians and 65 intermediate technicians in 2023[95] - The company organized 2 vocational skills competitions at city and county levels, winning 5 awards[95] - The company completed a 3-year occupational hazard assessment and updated its 2024 occupational hazard prevention plan[98] - The company's Dafanpu Coal Mine was selected as a green mining demonstration site in 2019 and hosted green mining field meetings in 2023[99] - The company implemented a "five requirements" system for hazard rectification, ensuring timely and effective solutions[94] - The company's total electricity consumption in 2023 was 7.41 million kWh, an increase from 7.098 million kWh in 2022[101] - The company's coal consumption in 2023 was 12,900 tons, up from 11,000 tons in 2022[101] - The company's diesel consumption in 2023 was 1,228,571 liters, a significant increase from 782,788 liters in 2022[101] - The company's direct (Scope 1) greenhouse gas emissions in 2023 were 9,890 tons, with an emission intensity of 0.051 tons per 10,000 yuan of output value[102] - The company's energy indirect (Scope 2) greenhouse gas emissions in 2023 were 63,600 tons, with an emission intensity of 0.30 tons per 10,000 yuan of output value[102] - The company's hazardous waste generation in 2023 was 15.2115 tons of waste mineral oil and 3.0199 tons of waste oil barrels[105] - The company's non-hazardous waste generation in 2023 was 750,115 tons, primarily consisting of coal gangue[105] - The company's boiler ash and slag generation in 2023 was 1,322.55 tons, up from 1,020 tons in 2022[105] - The company's fly ash generation in 2023 was 276.5 tons, an increase from 217 tons in 2022[105] - The company achieved a repair and reuse output value of approximately 1.99 million yuan in 2023 through its waste material recycling program[106] - The company's boiler waste gas production in 2023 was 233.1275 million standard cubic meters, with sulfur dioxide emissions of 11.77 tons and nitrogen oxide emissions of 33.26 tons[107] - The company planted nearly 7,969 trees, 7,665 shrubs, and 347,250 ground cover plants in the reclamation area in 2023, with a greening rate of 99% in the mining area[108] - The company has planted a total of 108,945 trees, 173,000 shrubs, and 43,187 square meters of ground cover plants as of the end of the reporting period[108] - The company has accumulated 600 acres of apple orchards and 500 acres of grape vineyards as of the end of the reporting period[108] - The company's Dafangpu Coal Mine was officially included in the National Green Mine Directory on December 25, 2019[109] - The company uses the most advanced MPBC pulse jet flat bag dust collector in the tobacco industry to collect and treat dust generated during production[109] - The company donated RMB 88.7 million to local hospitals and RMB 30.5 million to various local organizations and foundations during the year ended December 31, 2023[182] - The company has implemented multiple internal policies to fulfill its social responsibilities towards the environment, employees, and local communities, with a focus on building a "safe, environmentally friendly, energy-efficient, green, and efficient" modern mine[188] - The company has complied with applicable environmental laws and regulations, reducing the adverse impact of operations on the environment, particularly in terms of waste gas and water emissions, hazardous substances, and waste management at the Dafanpu Coal Mine[188] - The company maintains good relationships with employees, customers, and suppliers, incorporating their suggestions into operations where possible and in line with the overall interests of the company and shareholders[189] - The company has not violated any significant rules or regulations that would materially affect its business and operations as of December 31, 2023[190] Employee Management and Welfare - The company has a total of 1,871 employees as of December 31, 2023, with a labor contract signing rate of 100%[114] - The mainland full-time employee turnover rate in 2023 was 35.28%, with 585 employees leaving, while the Hong Kong full-time employee turnover rate was 33.33%, with 2 employees leaving[114] - The male employee turnover rate in 2023 was 44.6%, with 633 employees leaving, while the female employee turnover rate was 26.6%, with 77 employees leaving[114] - The company ensures that its compensation policy is based on fairness, providing attractive remuneration that is not lower than the local minimum wage and referencing industry standards[116] - In 2023, the company held 69 professional and managerial training sessions and 853 departmental training sessions, achieving a 100% employee training coverage rate[120] - The average training duration for professional and managerial staff exceeded 60 hours, while coal mine workers averaged over 50 hours of training in 2023[120] - The company organized 19 video and internal trainer sessions, 4 executive-led classroom sessions, and over 20 job-specific training sessions in 2023[121] - The company signed 19 departmental performance target agreements and completed over 1,500 individual monthly task assignments in 2023[122] - The company conducted annual performance reviews and 360-degree evaluations for 20 departments, providing objective data for promotions and personnel decisions[122] - The company successfully completed probation assessments for 6 managerial, 5 professional, and 212 worker positions in 2023[122] - The company encourages professional development by assisting employees in applying for national technical qualifications and promoting internal technical title evaluations[122] - The company was awarded RMB 30,000 by the Ordos City Federation of Trade Unions for improving employee quality of life[117] - The company held 4 democratic meetings and resolved 43 employee issues in 2023, signing collective and wage negotiation contracts[117] - The company provided free transportation for employees with shuttle buses between the company and the city, and offered meal subsidies to ensure healthy and balanced diets for employees[123] - In 2023, the company continued to provide free meals for underground workers, ensuring they received hot meals during shifts[123] - The company constructed a 7,000+ square meter "Employee Home" with 81 dormitory rooms, including special rooms for couples and visiting family members, and a 1,820 square meter indoor sports facility[123] - The company implemented various employee welfare programs, including birthday cakes, gifts, and free summer drinks for outdoor workers[123] - The company organized diverse cultural and sports activities, including tree planting, hiking, and technical competitions, to enrich employees' lives[123] - Total number of employees categorized by gender, employment type (full-time or part-time), age group, and region [127] - Employee turnover rate categorized by gender, age group, and region [127] - Number of work-related fatalities and the ratio over the past three years, including the reporting year [127] - Number of work-related lost days due to injuries [127] - Percentage of trained employees categorized by gender and employee category (e.g., senior management, middle management) [127] - Average training hours completed per employee categorized by gender and employee category [127] Corporate Governance and Shareholder Relations - The company proposed a final dividend of HKD 0.05 per share, with a total estimated distribution of HKD 421.5 million[43] - The company's distributable reserves as of December 31, 2023, were approximately RMB 702,788,000[139] - The company's directors and senior executives held approximately 0.09%, 0.03%, and 0.05% of the company's ordinary shares as of December 31, 2023[151] - The total number of shares that may be issued under the 2023 Share Option Plan, 2023 Share Award Plan, and any other plans of the company shall not exceed 843,000,000 shares, representing 10% of the total issued shares as of the adoption date[157] - The total number of shares that may be issued to service providers under the 2023 Share Option Plan, 2023 Share Award Plan, and any other plans of the company shall not exceed 84,300,000 shares, representing 1% of the total issued shares as of the adoption date[157] - The exercise period for share options is determined at the discretion of the Board and shall not exceed 10 years from the date of grant[159] - The company has not granted any share options under the 2023 Share Option Plan as of December 31, 2023[157] - The 2023 Share Option Plan aims to recognize contributions, retain and motivate participants, and attract suitable personnel to promote the company's further development[156] - Eligible participants for the 2023 Share Option Plan include employee participants, associated entity participants, and service providers[156] - The company has confirmed that its controlling shareholders and Mr. Zhang Li have complied with the non-compete covenants[155] - The company has not made any arrangements for directors to waive or agree to waive any remuneration for the year ended December

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Kinetic Development Group Limited 力量發展集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1277） 截至二零二三年十二月三十一日止年度 年度業績公告 及 建議採納新組織章程大綱及章程細則 | --- | --- | --- | --- | |------------------------|----------------------------------------------------|---------------------------|---------------| | | | | | | 財務摘要 | 截至十二月三十一日止年度 二零二三年 人民幣百萬元 | 二零二二年 人民幣百萬元 | 變動 | | 收益 | 4,745.1 | 6,155.8 | -22.9% | | 毛利 | 2,803.0 | 4,02 ...

KINETIC DEVELOPMENT GROUP LIMITED 力量發展集團有限公司 KINETIC DEVELOPMENT GROUP LIMITED 力量發展集團有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 1277 INTERIM REPORT 2023 INTERIM REPORT 中期報告 2023 KINETIC DEVELOPMENT GROUP LIMITED 力量發展集團有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 1277 中期報告 2023 目錄 | --- | --- | --- | --- | |--------------------------|-------|----------------------------|-------| | | | | | | | | | | | 公司資料 | 02 | 綜合財務狀況表 | 19 | | 主席報告 | 03 | 綜合權益變動表 | 21 | | 管理層討論及分析 | 05 | 簡明綜合現金流量表 | 23 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Kinetic Development Group Limited 力量發展集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1277） 中期業績公告 截至二零二三年六月三十日止六個月 | --- | --- | --- | --- | |------------------------|--------------------------------------------------|---------------------------|----------------| | | | | | | 財務摘要 | 截至六月三十日止六個月 二零二三年 人民幣百萬元 | 二零二二年 人民幣百萬元 | 變動 | | 收益 | 1,492.2 | 3,010.0 | -50.4% | | 毛利 | 816.9 | 2,095.3 | -61.0% | | 毛利率 | 5 ...

年報 2022 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Kinetic Development Group Limited 力量發展集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1277） 截至二零二二年十二月三十一日止年度 年度業績公告 及 建議採納新組織章程大綱及章程細則 | --- | --- | --- | --- | |------------------------|--------------------------|-----------------|---------------| | | | | | | | 截至十二月三十一日止年度 | | | | | 二零二二年 | 二零二一年 | 變動 | | | 人民幣百萬元 | 人民幣百萬元 | | | 收益 | 6,155.8 | 5,580.7 | +10.3% | | 毛利 | 4,023.5 | 3,604.2 | +11.6% | | 毛利率 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Kinetic Development Group Limited 力量發展集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1277） 截至二零二二年十二月三十一日止年度 年度業績公告 及 建議採納新組織章程大綱及章程細則 | --- | --- | --- | --- | |------------------------|--------------------------|-----------------|---------------| | | | | | | | 截至十二月三十一日止年度 | | | | | 二零二二年 | 二零二一年 | 變動 | | | 人民幣百萬元 | 人民幣百萬元 | | | 收益 | 6,155.8 | 5,580.7 | +10.3% | | 毛利 | 4,023.5 | 3,604.2 | +11.6% | | 毛利率 ...