目錄 | 公司資料 | 2 | 獨立核數師報告 | 97 | | --- | --- | --- | --- | | 主席報告 | 4 | 綜合損益及其他全面收益表 | 102 | | 管理層討論與分析 | 6 | 綜合財務狀況表 | 104 | | 環境、社會及管治報告 | 25 | 綜合權益變動表 | 106 | | 董事及高級管理層 | 59 | 綜合現金流量表 | 107 | | 董事會報告 | 63 | 綜合財務報表附註 | 109 | | 企業管治報告 | 84 | 財務概要 | 180 | 力量發展集團有限公司 年報2024 2 公司資料 董事會 執行董事 具文忠先生 （主席） 李波先生 （行政總裁） 紀坤朋先生 非執行董事 張琳女士 獨立非執行董事 劉佩蓮女士 陳量暖先生 薛慧女士 審核委員會 劉佩蓮女士 （主席） 陳量暖先生 張琳女士 薪酬委員會 薛慧女士 （主席） 劉佩蓮女士 張琳女士 提名委員會 具文忠先生 （主席） 陳量暖先生 薛慧女士 授權代表 具文忠先生 莊旭輝先生 （於二零二五年二月六日獲委任） 曾若詩女士 （於二零二五年二月六日辭任） 公司秘書 莊旭輝先生 （於二零二五年二月六 ...

力量发展(01277)发布年度业绩 股东应占溢利21.1亿 元 同比增长1.54% 拟派末期股息每股4.5港仙 智通财经APP讯，力量发展(01277)发布截至2024年12月31日止年度业绩，集团收益总额人民币56.56亿 元，同比增长19.2%;股东应占溢利21.1亿元，同比增长1.54%;每股盈利25.06分;拟派末期股息每股4.5港 仙。 2024年，受多重因素影响，市场煤炭价格重心承压回调。集团准确预判市场行情，在2024年第四季度果 断进行预售，抵御了市场深跌风险。同时，集团采用竞价的销售模式，快速锁定了不同阶段的高价需 求，集团全年销售价格做到了高于市场水平。2024年，集团5,000大卡低硫环保动力煤的每吨平均售价 约为人民币753.0元，同比下降约6.1%，但仍高于当期市场价格，销售回款率达100%。 2024年，集团持续利用自有低硫、高灰熔点的高质量自有动力煤产品"力量2"，灵活运用港口平仓、场 地交货、车板交货、坑口销售等多元购销模式，进一步提升了集团煤炭产品在下游客户群体中的市场覆 盖和品牌影响力，持续巩固并拓展市场份额。2024年，集团顺利完成了销售量和销售额的目标。 2024年，集 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 5,655.8 million, representing a 19.2% increase from RMB 4,745.1 million in 2023[2]. - Coal segment revenue reached RMB 5,368.5 million, up 13.4% from RMB 4,733.9 million in the previous year[2]. - Gross profit increased to RMB 3,123.2 million, an 11.4% rise compared to RMB 2,803.0 million in 2023, with a gross margin of 55.2%, down 3.9 percentage points[2]. - Profit before tax for the coal segment was RMB 3,045.7 million, reflecting a 20.0% increase from RMB 2,539.0 million[2]. - Net profit margin decreased to 36.8%, down 6.9 percentage points from 43.7% in the previous year, with net profit of RMB 2,080.7 million, a slight increase of 0.4%[2]. - Basic and diluted earnings per share rose to RMB 25.06 cents from RMB 24.65 cents[4]. - The company reported a total comprehensive liability of RMB 4,715,979,000, compared to RMB 3,517,715,000 in the previous year, indicating a 34.1% increase[22]. - The company's net profit before tax for 2024 was RMB 2,736,755,000, compared to RMB 2,440,901,000 in 2023, representing an increase of 12.1%[38]. - The group's consolidated profit after tax slightly increased from approximately RMB 2,072.7 million in 2023 to approximately RMB 2,080.7 million in 2024, with a net profit margin declining from 43.7% to 36.8%[98]. Dividends - The company declared a special dividend of 7.0 HKD cents per share, up from 4.0 HKD cents in the previous year[2]. - The company declared an interim dividend of HKD 0.04 per share for 2024, compared to HKD 0.03 per share in 2023[39]. - A special dividend of HKD 0.07 per share was paid, up from HKD 0.04 per share in 2023[39]. - The proposed final dividend for 2024 is HKD 0.045 per share, down from HKD 0.05 per share in 2023[39]. - The company plans to distribute a final dividend of HKD 0.045 per share, totaling HKD 379,350,000, pending shareholder approval[126]. Assets and Liabilities - Non-current assets totaled RMB 9,722.0 million, an increase from RMB 8,780.7 million in 2023[5]. - Current liabilities increased to RMB 3,425.9 million from RMB 2,572.1 million, with a net current liability of RMB 157.2 million[5]. - Total equity rose to RMB 8,274.7 million, compared to RMB 7,420.2 million in the previous year[6]. - Total assets for the group reached RMB 12,990,726,000 as of December 31, 2024, up from RMB 10,937,914,000 in 2023, indicating a growth of approximately 9.6%[20]. - The group reported segment assets for the coal segment were RMB 9,105,228,000 in 2024, an increase from RMB 8,347,866,000 in 2023, showing a growth of about 9.1%[18]. - The company has bank loans totaling RMB 878,320,000 as of December 31, 2024, down from RMB 1,302,800,000 in 2023, a decrease of 32.5%[63]. - The company reported no expected credit loss provision for trade and other receivables as of December 31, 2024, indicating a low anticipated credit loss amount[59]. Acquisitions and Investments - The group has been actively seeking potential mining project targets and diversifying into new business areas beyond coal[10]. - The company has ongoing acquisition prepayments totaling RMB 1,391,740,000 for Guizhou Power Energy Co., Ltd. and Shidi Real Estate Group Co., Ltd.[43]. - The acquisition of Seedlife Holding Limited was completed post-reporting period for RMB 278,405,000[43]. - The company completed the acquisition of 100% equity in Taiyuan Hetai on June 3, 2024, for a consideration of RMB 220 million, offset against a prepayment under a property sale agreement[109]. - The company completed the acquisition of several commercial properties in Guangzhou, totaling approximately 1,182.0 square meters for a total consideration of RMB 45,000,000[111]. - The company entered into a share subscription agreement with MC Mining, with a total consideration of USD 90,000,000, acquiring 13.04% of MC Mining's issued shares for USD 12,970,588[112]. - Following the second tranche of the MC Mining acquisition, the company will hold 51% of MC Mining's issued shares, marking a significant milestone in its global expansion strategy[114]. - The company acquired 100% equity of Qinhuangdao Jifu at zero consideration, with a total construction area of 87,989 square meters expected to be completed by 2030[115]. - The company completed the acquisition of Seedlife for a total consideration of RMB 423,000,000, aiming to establish additional revenue sources[117][118]. - The company acquired 100% equity of Maoming Shengda and Maoming Shengcheng for a total consideration of RMB 70,000,000, with ongoing projects expected to benefit the company financially[119]. Operational Efficiency and Market Conditions - The company implemented a refined management strategy, enhancing production efficiency and reducing operational costs through smart upgrades at its coal processing facilities[79]. - The overall economic environment in 2024 showed a GDP growth of 5% in China, with industrial enterprises' revenue increasing by 2.1% year-on-year[74]. - The coal market in 2024 experienced a decrease in overall revenue by 11.1% and profit by 22.2% due to falling coal prices, indicating a challenging market environment[76]. - The group aims to enhance operational efficiency and achieve revenue and profit growth by focusing on safety, efficiency, and green environmental practices in mining operations[86]. - The group anticipates a continued oversupply in the domestic coal market in 2025, leading to further price adjustments, while maintaining a focus on the core coal business and diversifying into ancillary businesses[87]. Expenses and Financial Management - Sales expenses rose significantly by 134.6%, from approximately RMB 16.9 million in 2023 to approximately RMB 39.7 million in 2024, driven by increased sales staff and marketing expenditures related to the cigar and tobacco business[94]. - Administrative expenses increased by 33.8%, from approximately RMB 257.1 million in 2023 to approximately RMB 344.1 million in 2024, mainly due to higher leasing and professional fees[95]. - Financing costs decreased by 18.7%, from approximately RMB 101.4 million in 2023 to approximately RMB 82.5 million in 2024, attributed to a reduction in the average balance of interest-bearing liabilities[96]. - The group’s financing costs decreased from RMB 101,349,000 in 2023 to RMB 82,357,000 in 2024, a reduction of approximately 18.8%[20]. Corporate Governance and Compliance - The board believes that good corporate governance can create value for shareholders and has complied with the corporate governance code for the year ending December 31, 2024[133]. - The audit committee met on March 25, 2025, to review the annual performance and draft financial statements for the year ending December 31, 2024[134]. - The independent auditor, KPMG, confirmed that the financial statements reflect the group's financial position and performance accurately as of December 31, 2024[135]. - There is significant uncertainty regarding the group's ability to continue as a going concern due to reliance on future cash flows and potential market price fluctuations[137].

| --- | --- | --- | --- | |-------|-------|-----------------------------------|-------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | 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 ...

Financial Performance - Revenue for the first half of 2023 was approximately RMB 1,492.2 million, a decrease of 50.4% year-on-year[4] - Net profit for the first half of 2023 was approximately RMB 569.1 million, a decrease of 58.2% year-on-year[4] - Gross profit margin for the reporting period was 54.7%, and net profit margin was 38.1%, both at relatively high levels in the industry[5] - Revenue decreased by 50.4% to approximately RMB 1,492.2 million in the first half of 2023 compared to RMB 3,010.0 million in the same period last year, primarily due to a 6.3% decline in the average selling price of 5,000 kcal coal products and a 48.1% drop in sales volume[12] - Gross profit margin declined to 54.7% in the first half of 2023 from 69.6% in the same period last year, driven by lower coal prices and increased fixed costs per ton[14] - Net profit attributable to shareholders decreased by 58.2% to approximately RMB 570.2 million for the six months ended June 30, 2023, compared to RMB 1,365.3 million in the same period last year[22] - Net profit margin declined to 38.1% for the six months ended June 30, 2023, from 45.3% in the same period last year[22] - Revenue for the six months ended June 30, 2023 decreased to RMB 1,492.20 million from RMB 3,009.96 million in the same period last year[47] - Gross profit for the six months ended June 30, 2023 was RMB 816.91 million, down from RMB 2,095.34 million in the same period last year[47] - Net profit attributable to shareholders for the six months ended June 30, 2023 was RMB 570.24 million, compared to RMB 1,365.35 million in the same period last year[48] - Basic and diluted earnings per share for the six months ended June 30, 2023 were RMB 6.76 cents, down from RMB 16.20 cents in the same period last year[48] - Net profit for the six months ended June 30, 2023, was RMB 570,236 thousand, with a total comprehensive income of RMB 571,994 thousand[52] - Revenue from coal product sales decreased to RMB 1,489,107 thousand in the first half of 2023, down from RMB 3,007,788 thousand in the same period of 2022[69] - Basic earnings per share were RMB 570,236 thousand for the first half of 2023, compared to RMB 1,365,349 thousand in the same period of 2022[75] Operational Highlights - The company's Dafanpu Coal Mine resumed normal production operations in May 2023 after facing unfavorable underground mining conditions[4] - The company completed the acquisition of Ningxia Power Mining Co., Ltd. in 2022, which is expected to expand coal production capacity and drive profit growth[5] - The company continues to promote the construction of a safe, efficient, and green mine at Dafanpu Coal Mine, with the intelligent mining face passing acceptance in the first half of 2023[4] - The company expects coal supply to continue growing in the second half of 2023, but at a limited rate, with demand expected to remain resilient as the economy gradually recovers[5] - The company's Dafangpu Coal Mine in Inner Mongolia has maintained its "Class A Mine" status for 8 consecutive years and passed the national first-level safety production standardization and intelligent mining face acceptance[10] - The company has developed an ecological industry chain integrating agricultural planting and livestock breeding in the mine reclamation area, supporting sustainable development[10] - The company plans to expand its coking coal business with an additional 2.1 million tons of annual capacity by 2027, driven by the Ningxia coal mine projects[11] - The company's pig farming subsidiary, Inner Mongolia Liangyun Livestock Development Co., Ltd., is expected to reach full production capacity by the end of 2025, with 7,200 breeding sows and an annual output of 170,000 pigs[11] - Capital expenditure for coal mine development and production activities amounted to approximately RMB 119.1 million for the six months ended June 30, 2023[44] - Total production costs for the six months ended June 30, 2023 were RMB 704.74 million, including mining costs of RMB 193.61 million and transportation costs of RMB 333.15 million[45] - The company's main business remains the extraction and sale of coal products, with no significant changes during the period[57] - The company is considering diversifying its business by actively seeking potential mining projects or entering new non-mining businesses to expand its existing operations[59] Financial Position and Cash Flow - The company proposed an interim dividend of 3.0 HK cents per share, with a total expected distribution of HK$252.9 million, compared to HK$505.8 million in the same period last year[23] - Net cash generated from operating activities was RMB 36.8 million for the six months ended June 30, 2023, a significant decrease from RMB 1,584.5 million in the same period last year[24][25] - Bank cash decreased to RMB 348.0 million as of June 30, 2023, from RMB 551.9 million as of December 31, 2022, primarily due to a reduction of RMB 204.1 million[26] - The net debt ratio increased to 15.0% as of June 30, 2023, compared to 5.0% as of December 31, 2022[27] - Capital expenditures for the six months ended June 30, 2023, amounted to approximately RMB 354.8 million, primarily used for proposed acquisitions and equipment purchases for the Dafanpu Coal Mine[30] - The company has capital commitments of approximately RMB 1,175.6 million as of June 30, 2023, mainly for acquisitions, construction, and mining equipment[30] - The company estimates future compensation payments of approximately RMB 21.4 million for relocation of households affected by mining activities[31] - Bank loans of RMB 1,434.4 million as of June 30, 2023, were guaranteed by Mr. Zhang Li and Mr. Zhang Liang, and/or secured by pledged deposits of RMB 800.0 million and mining rights of the Dafanpu Coal Mine[28][32] - Total non-current assets as of June 30, 2023 increased to RMB 8,184.68 million from RMB 7,880.43 million as of December 31, 2022[49] - Total current liabilities as of June 30, 2023 increased to RMB 2,751.74 million from RMB 1,815.42 million as of December 31, 2022[49] - Total equity attributable to shareholders as of June 30, 2023 was RMB 6,357.57 million, compared to RMB 6,328.79 million as of December 31, 2022[51] - Total equity as of June 30, 2023, was RMB 6,344,406 thousand, compared to RMB 6,316,790 thousand at the beginning of the year[52] - Operating cash flow for the six months ended June 30, 2023, was RMB 36,848 thousand, a significant decrease from RMB 1,584,465 thousand in the same period last year[55] - Investment activities used a net cash flow of RMB 394,566 thousand, primarily due to payments for property, plant, and equipment, and loans to related parties[55] - Financing activities generated a net cash inflow of RMB 153,600 thousand, mainly from new bank loans of RMB 734,370 thousand[55] - Cash and cash equivalents decreased by RMB 204,118 thousand to RMB 348,015 thousand as of June 30, 2023[55] - The company declared dividends of RMB 543,217 thousand during the period[52] - Retained earnings as of June 30, 2023, were RMB 3,624,717 thousand, slightly down from RMB 3,648,565 thousand at the beginning of the year[52] - The company allocated RMB 69,968 thousand to maintenance and production funds during the period[52] - The company's current liabilities net amount was RMB 943,206,000 as of June 30, 2023, with estimated total acquisition costs exceeding RMB 3 billion and additional capital expenditures of approximately RMB 1.2 billion to be paid in the foreseeable future[59] - The company's ability to fund acquisitions and capital expenditures depends on future operating cash inflows, bank loan financing influenced by government macro-control policies, and coal market price fluctuations[59] - Total assets increased to RMB 9,993,213 thousand as of June 30, 2023, compared to RMB 9,492,641 thousand as of December 31, 2022[66] - Total liabilities rose to RMB 3,648,807 thousand as of June 30, 2023, up from RMB 3,175,851 thousand as of December 31, 2022[66] - Property, plant, and equipment increased to RMB 1,809,418 thousand as of June 30, 2023, up from RMB 1,716,365 thousand as of January 1, 2023[76] - The company's right-of-use assets decreased from RMB 116,873 thousand as of January 1, 2023, to RMB 42,454 thousand as of June 30, 2023, due to disposals and amortization[77] - Intangible assets slightly decreased from RMB 3,210,599 thousand as of January 1, 2023, to RMB 3,201,954 thousand as of June 30, 2023, with minimal additions and amortization[78] - The company has prepaid RMB 2,679,986 thousand for proposed acquisitions from related parties, including RMB 1,080,256 thousand for the acquisition of Guizhou Power Energy Co., Ltd[79] - The company prepaid RMB 803,000 thousand for property acquisitions from Shi Di Group, with the total consideration for these properties being RMB 809,480,000[80] - A prepayment of RMB 564,625 thousand was made for property acquisitions from Hainan Hangxiao Real Estate Development Co., Ltd[81] - The company prepaid USD 33,178,763 (RMB 232,105 thousand) for the acquisition of 73% equity in Xingyao Enterprise Co., Ltd[82] - Loans granted to related parties increased from RMB 158,408 thousand as of December 31, 2022, to RMB 298,810 thousand as of June 30, 2023[83] - Trust wealth management investment with Northern International Trust decreased from RMB 206,195 thousand to RMB 190,899 thousand from December 31, 2022, to June 30, 2023[84] - Trust wealth management investment with Beijing International Trust increased from RMB 75,323 thousand to RMB 80,842 thousand from December 31, 2022, to June 30, 2023[85] - Coal product inventory increased from RMB 56,746 thousand to RMB 64,615 thousand from December 31, 2022, to June 30, 2023[86] - Trade receivables decreased significantly from RMB 5,227 thousand to RMB 848 thousand from December 31, 2022, to June 30, 2023[87] - Cash and bank balances decreased from RMB 551,866 thousand to RMB 348,015 thousand from December 31, 2022, to June 30, 2023[89] - Restricted deposits increased from RMB 75,903 thousand to RMB 120,540 thousand from December 31, 2022, to June 30, 2023[90] - Dividends payable increased to RMB 543,217 thousand as of June 30, 2023, from zero as of December 31, 2022[91] - Payable for materials and construction increased from RMB 120,703 thousand to RMB 160,943 thousand from December 31, 2022, to June 30, 2023[92] - Bank loans increased to RMB 1,467,370 thousand as of June 30, 2023, compared to RMB 883,000 thousand as of December 31, 2022, with significant secured loans due in 2024[93][94] - Lease liabilities decreased to RMB 4,724 thousand as of June 30, 2023, from RMB 95,440 thousand as of December 31, 2022, reflecting reduced short-term obligations[95] - Long-term payables related to mining rights increased slightly to RMB 669,953 thousand as of June 30, 2023, from RMB 665,196 thousand as of December 31, 2022[96] - The company proposed an interim dividend of 3.0 HK cents per share, totaling approximately RMB 233,169 thousand, a decrease from RMB 432,555 thousand in the same period last year[97] - Capital commitments for mining machinery and property acquisitions decreased to RMB 1,175,567 thousand as of June 30, 2023, from RMB 1,480,506 thousand as of December 31, 2022[98] - Estimated future compensation for land relocation related to mining activities is approximately RMB 21,427 thousand, with negotiations ongoing[99] - Transactions with related parties, including loading services from Xiaojia, amounted to RMB 37,604 thousand for the six months ended June 30, 2023, down from RMB 52,897 thousand in the same period last year[101][102] - Receivables from related parties increased to RMB 2,978,796 thousand as of June 30, 2023, from RMB 2,699,300 thousand as of December 31, 2022, primarily due to loans and prepayments for acquisitions[103] - The company entered into a loan agreement with Guizhou Power for RMB 57,000,000 with a term of two years, and the interest rate was increased to 2.5% above the one-year Loan Market Quotation Rate (LPR) after an extension to December 31, 2023[104] - A loan agreement of RMB 200,000,000 was signed with Guizhou Power on June 28, 2022, with an interest rate of 1.5% above the one-year LPR, and RMB 145,723,000 of the principal was drawn as of June 30, 2023[104] - The company signed a loan agreement with Xingyao for RMB 200,000,000 on November 4, 2022, with an interest rate of 1.5% above the one-year LPR, and RMB 81,167,000 of the principal was drawn as of June 30, 2023[105] - As of June 30, 2023, the company had outstanding loan principal of RMB 283,890,000 and interest receivable of RMB 14,920,000, with interest income of RMB 5,890,000 for the six months ended June 30, 2023[105] - The company's financial guarantees totaled RMB 700,000,000 as of June 30, 2023, with RMB 33,000,000 guaranteed by Mr. Ju Wenzhong[108] - The fair value of trust wealth management investments was RMB 206,195,000 as of June 30, 2023, classified as Level 3 in the fair value hierarchy[110] - The company recognized a gain of RMB 15,296,000 due to changes in the fair value of trust wealth management investments for the six months ended June 30, 2023[111] - The board proposed an interim dividend after the reporting period, with further details disclosed in Note 23[114] - The acquisition of Xingyao was approved by independent shareholders at an extraordinary general meeting on July 28, 2023[114] - The company has fully complied with the Corporate Governance Code as set out in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited for the six months ended June 30, 2023[115] - The company's audit committee, chaired by Ms. Lau Pui Lin, reviewed and supervised the financial reporting process and internal control system, and reviewed the interim results for the six months ended June 30, 2023[116] - As of June 30, 2023, the company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities[116] - Mr. Zhang Li holds a beneficial interest of 943,314,000 ordinary shares, representing approximately 11.19% of the company's total issued ordinary shares[121] - Ms. Liao Dongfen holds a beneficial interest of 2,800,000 ordinary shares, representing approximately 0.03% of the company's total issued ordinary shares[121] - Mr. Zhang Liang, through King Lok Holdings Limited, holds a beneficial interest of 5,307,450,000 ordinary shares, representing approximately 62.96% of the company's total issued ordinary shares[121] - The company did not enter into any arrangements during the six months ended June 30, 2023, that would allow directors or senior executives to benefit from acquiring shares or debentures of the company or any other corporate body[119] - The total number of shares that may be issued under the 2023 Share Option Scheme, 2023 Share Award Scheme, and other plans of the company shall not exceed 843,000,000 shares, equivalent to 10% of the total issued shares as of the adoption date[124] - The total number of shares that may be issued to service providers under the 2023 Share Option Scheme, 2023 Share Award Scheme, and other plans of the company shall not exceed 84,300,000 shares, equivalent to 1% of the total issued shares as of the adoption date[124] - As of June 30, 2023, the company has not granted any share options or share awards under the 2023 Share Option Scheme and 2023 Share Award Scheme[124] - No directors or their close associates had any interests in businesses competing with the group as of June 30, 2023[125] Market and Economic Conditions - China's GDP in the first half of 2023 reached approximately RMB 59.3 trillion, a year-on-year increase of 5.5%[6] - The total profit of industrial enterprises above designated size in China decreased by 16.8% year-on-year to RMB

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 ...

2022 年 報 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) 目錄 | 公司資料 | 02 | 獨立核數師報告 | 93 | | --- | --- | --- | --- | | 主席報告 | 04 | 綜合損益及其他全面收益表 | 97 | | 管理層討論與分析 | 06 | 綜合財務狀況表 | 99 | | 環境、社會及管治報告 | 28 | 綜合權益變動表 | 101 | | 董事及高級管理層 | 59 | 綜合現金流量表 | 102 | | 董事會報告 | 64 | 綜合財務報表附註 | 104 | | 企業管治報告 | 78 | 財務概要 | 172 | 力量發展集團有限公司 年報2022 02 公司資料 董事會 執行董事 具文忠先生 （主席） 李波先生 （行政總裁） 紀坤朋先生 非執行董事 張琳女士 獨立非執行董事 劉佩蓮女士 陳量暖先生 薛慧女士 審核委員會 劉佩蓮女士 （主席） 陳量暖先生 張琳女士 薪酬委員會 薛慧女士 （主席） 劉佩蓮女士 張琳女士 提名委員會 具文忠先生 （主席） 陳 ...