Financial Performance - The total revenue for the fiscal year ending March 31, 2024, was approximately HKD 2,935 million, an increase from HKD 2,463 million in the previous fiscal year, representing a growth of about 19.1%[11] - Gross profit increased from approximately HKD 13 million in the previous fiscal year to about HKD 85 million in the current fiscal year, marking a significant increase of approximately 553.8%[11] - Operating profit for the fiscal year was approximately HKD 48 million, a turnaround from an operating loss of about HKD 36 million in the previous fiscal year[11] - Basic earnings per share for the current fiscal year were approximately HKD 0.0489, compared to a basic loss per share of approximately HKD 0.2382 in the previous fiscal year[11] - The revenue from the material trading segment increased to approximately HKD 2,168 million in fiscal year 2024, up from HKD 1,599.7 million in fiscal year 2023[32] - The property maintenance segment's revenue increased from approximately HKD 595.6 million in fiscal year 2023 to about HKD 615.8 million in fiscal year 2024[31] - The construction segment's revenue decreased to approximately HKD 2.0 million in fiscal year 2024 from HKD 5.1 million in fiscal year 2023[26] - The renovation and improvement segment turned from a loss of approximately HKD 32.8 million in fiscal year 2023 to a profit of about HKD 13.5 million in fiscal year 2024[28] Business Operations - The construction-related business is experiencing a slowdown after a period of growth, with challenges arising from rising interest rates and increased operational costs[13] - The company aims to establish a modern supply chain management platform for port mixed ore integration, targeting large domestic steel enterprises as core supply chain partners[18] - The trade business is expected to continue generating revenue and contributing profits, with plans for diversification and development in 2024[18] - The transportation services business launched in the previous fiscal year is anticipated to bring considerable revenue and profits moving forward[19] Financial Position - The company reported a net cash balance of approximately HKD 47.7 million as of March 31, 2024, compared to HKD 25.2 million in the previous year[38] - The capital debt ratio as of March 31, 2024, was approximately 30.5%, a slight decrease from 31.1% in the previous year[39] - As of March 31, 2024, the total collateralized assets for bank financing and performance guarantees amounted to HKD 63,441,000, a slight decrease from HKD 64,128,000 in the previous year[45] - The company has unutilized bank financing of approximately HKD 447.95 million as of March 31, 2024, of which HKD 45.20 million is available for operational funding needs[151] Shareholder Matters - The company raised approximately HKD 22.5 million from the subscription of 1,499,999,000 shares at HKD 0.015 per share, with a net amount of HKD 22.3 million after expenses, intended for repaying outstanding debts and accrued interest[41] - The board proposed a rights issue to raise approximately HKD 36.2 million by issuing up to 224,999,972 new shares at a subscription price of HKD 0.161 per share[78] - After the rights issue completed on April 16, 2024, the total number of issued shares increased by 171,876,373 shares, with net proceeds of approximately HKD 1.72 million and HKD 24.25 million recorded in share capital and share premium respectively[78] - The company has a dividend policy that allows for the declaration of dividends, subject to board approval and compliance with applicable laws[75] - No dividends were recommended for the year ending March 31, 2024, consistent with the previous year[105] Governance and Management - The company has undergone changes in its board composition, with several new appointments aimed at enhancing governance and oversight[89] - The board consists of eight members, including five executive directors and three independent non-executive directors, ensuring a balanced governance structure[164] - The independent non-executive directors have confirmed their independence, meeting the requirements set forth in the Listing Rules[170] - The company has established specific written terms of reference for the audit, remuneration, and nomination committees to enhance governance practices[161] - The company emphasizes high standards of disclosure and financial transparency to shareholders and investors[194] Risk Management - The company has identified several key risks, including labor cost increases and project completion delays, which could adversely affect profitability[52] - The trading division has relatively low gross margins, making it susceptible to significant impairments in trade receivables and fluctuations in trading prices and exchange rates[55] - The logistics operations face cyclical risks and market price volatility, which the management aims to mitigate through enhanced risk management practices[56] - The company has no current interest rate hedging policy but continues to monitor interest rate risks and will consider hedging if necessary[57] - The board is responsible for maintaining a sound and effective risk management and internal control system[191] Employee Matters - For the fiscal year ending March 31, 2024, the total employee compensation amounted to approximately HKD 90.8 million, an increase from HKD 87.0 million in the previous fiscal year[74] - The company employed a total of 189 employees as of March 31, 2024, down from 211 employees the previous year[74] Charitable Contributions - The company made charitable donations of approximately HKD 27,000 for the year ending March 31, 2024, down from HKD 32,000 the previous year[114] Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements reflect the company's financial position fairly as of March 31, 2024[146] - The independent auditor has raised significant uncertainties regarding the company's ability to continue as a going concern as of March 31, 2024[158] - The company has complied with the standard code for securities transactions by directors throughout the reporting period[163]

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佈的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公佈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。 Green Economy Development Limited 綠 色 經 濟 發 展 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1315） 截至二零二四年三月三十一日止年度 經審核年度業績公佈 經審核年度業績 本公司董事（「董事」）會（「董事會」）謹此宣佈其截至二零二四年三月三十一日止年度之經審 核年度綜合業績（「經審核業績」），連同截至二零二三年三月三十一日止年度的相應比較數 字如下。 – 1 – 綜合損益及其他全面收益表 截至二零二四年三月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 持續經營業務 | | | | | 收益 | 4 | 2,934,565 | 2,462,942 | | 銷售及服務成本 | | (2,849,631) | (2,450,160) ...

国务院新闻办公室3月20日举行政策例行吹风会，介绍近日出台的《扎实推进高水平对外开放更大力度吸引和利用外资行动方案》(以下简称《行动方案》)有关情况。如何推进实施，多部委给出了相关回应。 5方面24条务实措施 更大力度吸引外资 《行动方案》提出5方面24条措施，一是扩大市场准入，提高外商投资自由化水平。二是加大政策力度，提升对外商投资吸引力。三是优化公平竞争环境，做好外商投资企业服务。四是畅通创新要素流动，促进内外资企业创新合作。五是完善国内规制，更好对接国际高标准经贸规则。 国家发展改革委：支持外资投资绿色和数字经济、健康产业 在3月20日的吹风会上，国家发展改革委相关负责人表示，目前，正在会同有关部门鼓励和支持外资企业投资中国绿色经济、数字经济和健康产业，分享中国超大规模的市场机遇。允许北京、上海、广东等自由贸易试验区选择若干符合条件的外商投资企业在基因诊断与治疗技术开发和应用等领域进行扩大开放试点；支持信息服务(限于应用商店)等领域开放举措在自由贸易试验区更好落地见效。截至2024年2月底，前七批51个重大外资项目中，有多个项目已经在华开工建设和投入运营。 商务部：将积极推进有关自贸协定谈判或升级 ...

Revenue and Growth - For the six months ended September 30, 2023, total revenue was HKD 1,518,615 thousand, an increase from HKD 1,212,496 thousand in the same period of 2022, representing a growth of approximately 25.2%[16] - The company recorded revenue from continuing operations of approximately HKD 1,519 million for the six months ended September 30, 2023, representing an increase of about 25.2% compared to approximately HKD 1,212 million for the same period in 2022[29] - The group’s external customer revenue for the six months ended September 30, 2023, was HKD 1,518,615,000, compared to HKD 1,212,496,000 for the same period in 2022, indicating an increase of approximately 25.3%[181] Financial Performance - The loss attributable to the company's owners was approximately HKD 12.1 million, a decrease of about HKD 54.5 million compared to a loss of HKD 66.6 million in the previous interim period[49] - The company reported a basic and diluted loss per share of approximately HKD 2.69, compared to a loss of approximately HKD 17.77 per share in the previous interim period[31] - The total comprehensive loss attributable to owners was HKD 20,005,000 for the six months ended September 30, 2023, compared to HKD 84,544,000 in 2022[125] - The operating loss for the six months was HKD 12,045, an improvement from a loss of HKD 18,231 in the prior year, reflecting a reduction of approximately 33.5%[148] - The total comprehensive income for the period ended September 30, 2023, was a loss of HKD 20,006,000, compared to a loss of HKD 84,666,000 for the same period in 2022[153] Expenses and Costs - The financing costs for the six months ended September 30, 2023, were HKD 12,223 thousand, a decrease of 51.5% from HKD 25,182 thousand in the same period of 2022[3] - The company recorded a tax expense of HKD 71 thousand for the period, compared to HKD 4,992 thousand in the same period of 2022, reflecting a significant decrease of 98.6%[6] - Depreciation of property, plant, and equipment for the period was HKD 269 thousand, down from HKD 581 thousand, a reduction of 53.7%[9] - The administrative expenses increased to HKD 21,092 from HKD 18,941, reflecting an increase of approximately 6.1%[148] Assets and Liabilities - As of September 30, 2023, current assets and current liabilities were approximately HKD 684.6 million and HKD 408.4 million, respectively, resulting in a current ratio of 1.68[80] - The company’s net assets as of September 30, 2023, were HKD 72,901, down from HKD 92,907 as of March 31, 2023, representing a decrease of approximately 21.6%[151] - The company reported a net current asset of HKD 276,141,000 as of September 30, 2023, compared to HKD 194,449,000 as of March 31, 2023[126] - The total interest-bearing loans amounted to approximately HKD 214.1 million as of September 30, 2023, an increase from HKD 207.1 million as of March 31, 2023[83] - The company’s total liabilities decreased to HKD 4,045,000 as of September 30, 2023, from HKD 4,077,000 at the end of the previous year[153] Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 21,196,000, an increase from HKD 14,483,000 for the same period in 2022[157] - The financing activities resulted in a net cash outflow of HKD 6,552,000 for the six months ended September 30, 2023, a significant decrease from HKD 40,729,000 in the same period of 2022[157] - The company raised approximately HKD 22.5 million from the subscription of new shares, with a net amount of approximately HKD 22.3 million intended for repaying outstanding debts and accrued interest[120] - The company has secured credit financing of up to approximately HKD 69.5 million from various banks as of September 30, 2023[83] Segment Performance - The property maintenance segment's revenue increased from approximately HKD 296.1 million in the previous interim period to approximately HKD 322.6 million in the current period, while segment profit was approximately HKD 5.7 million, down from approximately HKD 40.3 million[35] - The construction segment's profit increased from approximately HKD 13,000 in the previous interim period to approximately HKD 2.4 million in the current period[32] - The renovation and improvement segment's revenue decreased from approximately HKD 151.7 million in the previous interim period to approximately HKD 60.5 million in the current period, with a segment profit of approximately HKD 3.9 million, compared to a loss of approximately HKD 5.4 million previously[52] - The transportation services segment reported revenue of approximately HKD 1,119 million, an increase from approximately HKD 762.7 million in the previous interim period[38] - The materials trading segment reported a profit of approximately HKD 2,343,000, compared to a loss of approximately HKD 13,662,000 in the previous interim period[57] Market Outlook and Strategy - The company aims to expand its market presence in Hong Kong and mainland China, focusing on construction and renovation services[15] - Future outlook includes continued investment in new technologies and potential acquisitions to enhance service offerings and market reach[15] - The company anticipates only slight growth in the construction market due to ongoing challenges such as high interest rates, despite some improvement in tourism and local consumption in Hong Kong[39] - The group aims to diversify and develop its trading business in 2023, continuing to seek other construction business opportunities to mitigate operational risks[64][60] Shareholder and Corporate Actions - The company completed a placement of 1,499,999,000 ordinary shares at a price of HKD 0.015 per share on February 23, 2023[100] - The company proposed a share consolidation of every 20 existing shares into 1 consolidated share with a par value of HKD 0.04[110] - The special general meeting held on April 6, 2023, approved the proposed changes, which were executed by September 30, 2023[111] - The company has executed a share consolidation plan, merging every 20 existing shares into 1 consolidated share, which was approved at the special general meeting on April 6, 2023[199] - The company has adopted a new share option scheme effective for ten years to attract and retain talent, replacing the previous scheme[200]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 Green Economy Development Limited 綠 色 經 濟 發 展 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1315） 截至二零二三年九月三十日止六個月中期業績公佈 中期業績 綠色經濟發展有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬公 司（統稱「本集團」）截至二零二三年九月三十日止六個月之未經審核簡明綜合中期業績，連 同二零二二年同期之比較數字： 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） （經重列） 持續經營業務 收益 4 1,518,615 1,212,496 銷售及服務成本 (1,500,733) (1,185,700) 毛利 17,882 26,796 其他收入 3,813 5,018 其 ...

Financial Performance - The company recorded an operating loss of approximately HKD 36 million for the fiscal year 2023, compared to an operating profit of approximately HKD 64 million in fiscal year 2022[7]. - Total revenue from continuing operations for fiscal year 2023 was approximately HKD 2,463 million, down from approximately HKD 3,992 million in fiscal year 2022[34]. - Gross profit decreased from approximately HKD 115 million in fiscal year 2022 to approximately HKD 13 million in fiscal year 2023, a reduction of about HKD 102 million[34]. - Basic loss per share for continuing operations was approximately HKD 0.1973, compared to a basic earnings per share of approximately HKD 0.0493 in fiscal year 2022[17]. - The company reported a loss of approximately HKD 9.9 million for the fiscal year 2023, compared to a loss of about HKD 31 million in the previous fiscal year[43]. - The company reported a significant reduction in contract liabilities from HKD 41,486 thousand in 2022 to HKD 3,203 thousand in 2023, a decrease of approximately 92.3%[106]. - The total comprehensive loss for the year amounted to HKD 102,949, compared to a loss of HKD 8,758 in the previous year[144]. - Basic loss per share from continuing and discontinued operations was HKD 22.31, compared to a profit of HKD 3.84 in the previous year[144]. Operational Challenges - The company acknowledges the challenges posed by labor shortages and rising interest rates in the construction sector[19]. - The company plans to focus on operational cost control to maintain competitive advantage in the market due to rising construction costs and labor shortages[19]. - The construction market remains highly competitive, despite encouraging industry growth rates[18]. - The company has ceased its construction operations in Singapore following the voluntary liquidation of its subsidiary, Hong Kong Construction (Singapore) Pte Ltd[20]. Strategic Initiatives - The company will continue to explore diversification and development of its trading business in 2023[24]. - The company has initiated a transportation services business, which is expected to generate significant revenue and profit[25]. - The company plans to develop proprietary supply chain management software to optimize logistics, cash flow, and information flow within the industry[39]. - The company aims to establish a modern supply chain management platform for port mixed ore integration, ensuring stable raw material supply for steel enterprises[39]. - The company aims to become a core supply chain enterprise for large domestic steel companies, leveraging competitive bidding advantages across multiple logistics segments[39]. - The company is focused on becoming a professional integrator of iron ore products and services, enhancing its market position through technological advancements[39]. Revenue and Expenses - The company’s revenue from construction services decreased to HKD 158,310 thousand in 2023, down from HKD 255,523 thousand in 2022, a decline of approximately 38%[66]. - The cost of sales and services was HKD 2,450,160, resulting in a gross profit of HKD 12,782, down from HKD 114,957 the previous year[142]. - The company incurred financing costs of HKD 35,163 thousand, an increase from HKD 33,932 thousand in the prior year[113]. - The administrative expenses rose to HKD 46,841 from HKD 42,214, reflecting an increase of 11.8%[142]. Cash Flow and Assets - For the fiscal year ending March 31, 2023, the company reported a cash flow from operating activities before tax loss of HKD (71,419) thousand, compared to a profit of HKD 30,548 thousand in the previous year[113]. - The company’s cash flow from operating activities showed a net outflow of HKD (14,949) thousand, contrasting with a net inflow of HKD 24,130 thousand in the previous year[113]. - The company’s total liabilities increased, with a notable rise in trade and other payables by HKD 10,719 thousand[115]. - The company’s cash and bank balances decreased from HKD 132,908 thousand in 2022 to HKD 66,278 thousand in 2023, a decline of about 50.2%[106]. - Current assets were approximately HKD 658.7 million in 2023, down from HKD 872.0 million in 2022, while current liabilities decreased to about HKD 464.3 million from HKD 705.0 million, resulting in a current ratio of 1.42 in 2023 compared to 1.24 in 2022[84]. Shareholder Information - The board does not recommend any dividend payment for the fiscal year 2023, consistent with the previous fiscal year[46]. - The company has adopted a dividend policy, allowing for the declaration of dividends subject to board recommendation and shareholder approval[152]. - As of March 31, 2023, the company and its related entities hold a total of 797,302,000 shares, with Mr. Zhu Kai being the ultimate beneficial owner of Double Energy Limited, which wholly owns Baichuang Holdings Limited[175]. Employee and Contract Information - The total employee count as of March 31, 2023, is 211, down from 450 the previous year, with total employee compensation for the fiscal year approximately HKD 87.0 million, compared to HKD 141.5 million in the prior fiscal year[151]. - The company has ongoing contracts including a major renovation project for the Hong Kong Central Government with a contract value of HKD 101,541,000[149]. - The company is involved in various construction projects, with significant contracts such as the Hong Kong Polytechnic University renovation valued at HKD 30,072,000[146].

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佈的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公佈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。 Green Economy Development Limited 綠 色 經 濟 發 展 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1315） 截至二零二三年三月三十一日止年度 經審核年度業績公佈 經審核年度業績 本公司董事（「董事」）會（「董事會」）謹此宣佈其截至二零二三年三月三十一日止年度之經審 核年度綜合業績（「經審核業績」），連同截至二零二二年三月三十一日止年度的相應比較數 字如下。 ...

Financial Performance - The company recorded a revenue of approximately HKD 1,315 million for the six months ended September 30, 2022, a decrease of about 47.1% compared to HKD 2,487 million in the same period last year[8]. - The gross loss for the period was approximately HKD 16.3 million, compared to a gross profit of approximately HKD 82.7 million in the previous interim period[9]. - The loss attributable to owners of the company was approximately HKD 66.6 million, compared to a profit of approximately HKD 40.5 million in the previous interim period[10]. - The earnings per share for the period was approximately HKD 0.89 loss, compared to earnings of approximately HKD 0.61 in the previous interim period[11]. - Total revenue for the six months ended September 30, 2022, was HKD 1,314,531, a decrease of 47% compared to HKD 2,486,622 for the same period last year[58]. - Gross loss for the period was HKD 16,315, compared to a gross profit of HKD 82,675 in the previous year[58]. - The company reported a total comprehensive loss of HKD 84,666 for the period, compared to a comprehensive income of HKD 41,819 in the previous year[58]. - The company reported a pre-tax loss of HKD 61,760 for the six months ended September 30, 2022, compared to a profit of HKD 51,992 in the same period of 2021[90]. - The company reported a basic and diluted loss per share of HKD 0.89 for the period[58]. Revenue Breakdown - The revenue from the building construction segment was approximately HKD 102.1 million, down from approximately HKD 131.3 million in the previous interim period[12]. - The revenue from renovation and improvement works increased to approximately HKD 153.6 million, up from approximately HKD 134.0 million in the previous interim period[14]. - The revenue from property maintenance decreased to approximately HKD 296.1 million from approximately HKD 357.4 million in the previous interim period[16]. - The material trading segment reported revenue of approximately HKD 762.7 million, down from approximately HKD 1,863.9 million in the previous interim period[17]. - The revenue from building construction and related businesses was HKD 102,146, down from HKD 131,344, a decrease of about 22% year-over-year[92]. Operational Changes - The company has ceased its construction operations in Singapore following the voluntary liquidation of its subsidiary, Hong Kong Construction[24]. - The company plans to closely monitor operational cost control to maintain liquidity and market competitiveness amid ongoing challenges from the COVID-19 pandemic[23]. - The company has not conducted any significant acquisitions or disposals of subsidiaries or associates during the reporting period[29]. Financial Position - As of September 30, 2022, current assets and current liabilities were approximately HKD 707.5 million and HKD 518.9 million, respectively, resulting in a current ratio increase from 1.24 to 1.36[30]. - The company's capital debt ratio as of September 30, 2022, was approximately 29.8%, up from 25.3% as of March 31, 2022[34]. - The total interest-bearing loans as of September 30, 2022, were approximately HKD 212.7 million, down from HKD 223.0 million as of March 31, 2022[31]. - The company reported a cash and bank deposit total of approximately HKD 165.1 million as of September 30, 2022, compared to HKD 192.7 million as of March 31, 2022[30]. - As of September 30, 2022, total assets decreased to HKD 707,506,000 from HKD 871,950,000 as of March 31, 2022, representing a decline of approximately 19%[60]. - Current liabilities decreased to HKD 518,882,000 from HKD 704,997,000, a reduction of about 26%[60]. - The company's net assets amounted to HKD 88,852,000, down from HKD 173,518,000, indicating a decrease of approximately 49%[62]. - Inventory significantly decreased to HKD 14,311,000 from HKD 79,806,000, a drop of around 82%[60]. - Trade and other receivables increased to HKD 355,789,000 from HKD 322,628,000, reflecting an increase of about 10%[60]. - The company's equity attributable to owners decreased to HKD 92,929,000 from HKD 177,473,000, a decline of about 48%[62]. Cash Flow and Financing - For the six months ended September 30, 2022, the net cash generated from operating activities was HKD 14,483 thousand, compared to a net cash used of HKD (5,174) thousand in the same period of 2021, indicating a significant improvement[72]. - The net cash used in investing activities was HKD 316 thousand, a recovery from a net cash used of HKD (531) thousand in the previous year, primarily due to increased proceeds from the sale of property, plant, and equipment[72]. - The company raised HKD 1,500 thousand in borrowings during the financing activities, while net cash used in financing activities totaled HKD (40,729) thousand, compared to a net cash generated of HKD 4,070 thousand in the prior year[72]. - Cash and cash equivalents decreased by HKD (25,930) thousand, compared to a decrease of HKD (1,635) thousand in the same period last year[72]. - As of September 30, 2022, the cash and cash equivalents balance was HKD 105,151 thousand, down from HKD 149,896 thousand at the end of the previous year[72]. Employee and Management - Employee count decreased to 193 as of September 30, 2022, down from 422 a year earlier, with total employee compensation amounting to approximately HKD 71.1 million[55]. - The total remuneration for directors and key management personnel for the six months ended September 30, 2022, was HKD 7,993,000, an increase of 13.5% from HKD 7,679,000 in the same period last year[141]. - The roles of the Chairman and CEO are not clearly distinguished, with the same individual, Mr. Zhou Zhe, holding both positions from April 1, 2022, to September 30, 2022[172]. Corporate Governance - The company is committed to establishing good corporate governance practices and has complied with all code provisions during the reporting period[170]. - The Audit Committee, established on December 19, 2011, is responsible for reviewing financial information and risk management, as well as overseeing the relationship with external auditors[173]. - The Audit Committee consists of three independent non-executive directors, including Mr. Wang Weijun as the Chairman[174]. Shareholder Information - As of September 30, 2022, major shareholders included Baichuang Holdings Limited with 887,500,000 shares (11.83%) and Double Energy Limited with 893,856,000 shares (11.92%)[166]. - The company has a total issued share capital of 7,499,999,994 shares as of September 30, 2022, which is the basis for calculating the percentage of shareholdings[161]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[168]. - The company did not recommend the payment of dividends for the six months ended September 30, 2022, consistent with the previous year[151].

Financial Performance - The audited revenue for the year ended March 31, 2022, was HKD 4,272,884, compared to HKD 5,236,876 for the previous year, representing a decrease of approximately 18.4%[4] - The gross profit for the year was HKD 89,272, an increase from HKD 80,594 in the previous year, indicating a growth of about 10.9%[4] - The operating profit increased to HKD 33,502 from HKD 23,632, reflecting a growth of approximately 41.5%[4] - The net loss for the year was HKD 15,417, compared to a profit of HKD 5,107 in the previous year, marking a significant decline[4] - Total revenue for the year 2022 was HKD 4,272,884 thousand, a decrease of 18.4% from HKD 5,236,876 thousand in 2021[37] - The company reported a total of HKD 1,301 thousand in profit before interest and tax for the year ending March 31, 2022[43] - The group reported a net loss of HKD 13,566 thousand for 2022, contrasting with a profit of HKD 7,216 thousand in 2021[56] - Basic and diluted loss per share for 2022 was HKD (1.92), compared to earnings of HKD 1.16 per share in 2021[56] - The company recorded total revenue of approximately HKD 4,273 million for the fiscal year ending March 31, 2022, down from approximately HKD 5,237 million in the previous fiscal year, representing a decrease of about 18.4%[63] - Gross profit increased by approximately HKD 8.7 million, rising from about HKD 80.6 million in the previous fiscal year to approximately HKD 89.3 million in the current fiscal year[63] - The annual loss attributable to the company's owners was HKD 13,566, an increase of HKD 12,233 from the previous year[110] Assets and Liabilities - Total assets as of March 31, 2022, were HKD 871,950, up from HKD 851,185 in the previous year, showing an increase of about 2.3%[9] - Current assets increased to HKD 704,997 from HKD 705,696, indicating a slight decrease of approximately 0.1%[9] - The total equity attributable to the owners of the company rose to HKD 177,473 from HKD 154,159, representing an increase of about 15.1%[15] - Total assets for 2022 amounted to HKD 880,680 thousand, up from HKD 858,846 thousand in 2021, indicating a growth of 2.0%[45] - Total liabilities slightly increased to HKD 707,162 thousand in 2022 from HKD 706,791 thousand in 2021, showing a marginal rise of 0.1%[45] - The total current assets amounted to HKD 871,950, down HKD 15,483 from the audited figures[113] - The total liabilities were reported at HKD 704,997, a decrease of HKD 3,250 compared to the audited results[113] Cash Flow and Debt - As of March 31, 2022, the total amount owed to Mr. Huang by the group was approximately HKD 218,878,000, with related interest of approximately HKD 14,879,000, while cash and cash equivalents were only about HKD 132,908,000[24] - The group has not made any repayments to Mr. Huang after March 31, 2022, indicating significant uncertainty regarding the group's ability to continue as a going concern and meet its liabilities[25] - The board has prepared a cash flow forecast for the 18 months ending September 30, 2023, estimating sufficient working capital, assuming an agreement can be reached to defer the loan repayment to Mr. Huang[26] - The group paid HKD 50,000,000 to Mr. Huang on March 31, 2022, which included approximately HKD 25,869,000 for overdue interest and approximately HKD 24,131,000 for principal repayment[24] - The total outstanding principal amount owed to Mr. Huang and Magic Choice as of September 30, 2021, was approximately HKD 243 million, including any accrued interest[23] - The group has not made any repayments to Mr. Huang or related interest since March 31, 2022, raising concerns about its ability to operate normally[25] - The total amount owed to Mr. Huang, including principal and interest, was approximately HKD 243 million as of September 30, 2021[126] - The group has not reached any deferral agreement regarding the loan owed to Mr. Huang as of the report date, creating uncertainty about the going concern basis of the financial statements[130] Revenue Segmentation - Revenue from property maintenance increased to HKD 687,308 thousand in 2022, up 7.4% from HKD 639,764 thousand in 2021[37] - Revenue from material trading significantly decreased to HKD 3,019,179 thousand in 2022, down 27.1% from HKD 4,137,996 thousand in 2021[37] - The external customer revenue for the construction and related businesses was HKD 274,115 thousand in 2022, up from HKD 173,133 thousand in 2021[43] - The building construction segment's revenue increased from approximately HKD 173 million in the previous fiscal year to about HKD 274 million in the current fiscal year, an increase of approximately 58.9%[66] - The renovation and improvement segment's revenue was approximately HKD 292 million, slightly up from HKD 286 million in the previous fiscal year[69] - The property maintenance segment's revenue rose from approximately HKD 640 million to about HKD 687 million, with profit increasing from approximately HKD 53.7 million to about HKD 97.7 million[70] - The material trading segment's revenue was approximately HKD 3,019 million, down from HKD 4,138 million in the previous fiscal year, a decrease of about 27.1%[71] Operational Challenges - The company faced challenges in the construction segment due to COVID-19, leading to increased project costs and a rise in segment losses[67] - The construction materials costs have increased by approximately 20% to 30%, particularly for steel, concrete, and aluminum, impacting profit margins[76] - The company is actively managing costs and expenditures while advancing all project timelines amid ongoing supply chain disruptions[76] - The construction segment is labor-intensive, and significant increases in labor costs could adversely affect profitability[89] - The trade division has relatively low gross margins, making it vulnerable to significant impairments in receivables and fluctuations in transaction prices and exchange rates[91] Corporate Governance and Compliance - The company has engaged internal control consultants to review its internal control systems and established a risk management committee to assist the board in ongoing monitoring[105] - The audit committee has reviewed the accounting policies and practices adopted by the group, including the ongoing concern basis and related assumptions[135] Future Outlook - The company plans to continue focusing on market expansion and new product development strategies[40] - The company aims to establish a modern supply chain management platform for iron ore blending, ensuring stable raw material supply for steel enterprises[81] - The iron ore market size has reached RMB 500 billion, with a positive development trend driven by national infrastructure projects and recovering downstream demand[80] - The company plans to diversify and develop its trading business in 2022, continuing to generate revenue and profit contributions[81]

Green Economy Development Limited 綠色經濟發展有限公司 · (於開曼群島註冊成立之有限公司) 股份代號：1315 ● . ● ● ● ● ● ● ● ● b ● - 12 ● ● ● ● ● ● ● ● ● 目 錄 | --- | --- | |-------|----------------------| | | | | 02 | 公司資料 | | 04 | 管理層討論及分析 | | 15 | | | 16 | 簡明綜合財務狀況表 | | 18 | 簡明綜合權益變動表 | | 19 | 簡明綜合現金流量表 | | 20 | 簡明綜合財務報表附註 | | 39 | 其他資料 | 簡明綜合損益及其他全面收益表 公司資料 周哲 朱小東 王偉軍 執行董事 獨立非執行董事 合規主任 總裁 風險管理委員會 魏明德（於二零二一年八月十三日獲委任） 周哲（主席） 馮嘉倫（於二零二一年八月十三日獲委任） 朱小東 譚德機 黃利平（於二零二一年五月七日獲委任） 王偉軍 黃繼東（於二零二一年五月七日辭任） 張琬 公司秘書 張耀權 審核委員會 王偉軍（主席）（於二零二一年五月七日獲調任） 譚德機（於 ...