Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately RMB 2,174.2 million, a decrease of about 11.2% compared to RMB 2,449.0 million in the same period of 2023[10]. - The company's gross profit for the year was approximately RMB 141.5 million, down from RMB 270.8 million in 2023, representing a decline of about 47.7%[11]. - The gross margin fell from approximately 11.1% in 2023 to about 6.5% in the current year[11]. - The company reported a sales volume of approximately 1,296,000 tons, which remained relatively stable compared to 1,306,000 tons in 2023[10]. - The sales cost for the year was approximately RMB 2,032.7 million, a reduction of about RMB 145.5 million or 6.7% compared to RMB 2,178.2 million in the previous year[29]. - The annual loss was approximately RMB 635.9 million, a decrease of about RMB 114.5 million or approximately 15.3% from RMB 750.4 million in 2023[40]. - Adjusted EBITDA for the year was approximately RMB (13.3) million, compared to RMB (86.3) million in 2023, reflecting a significant improvement[42]. - Other income for the year was approximately RMB 31.5 million, down by about RMB 21.8 million or approximately 40.9% from RMB 53.3 million in 2023[34]. Production and Capacity - The company's raw coal production decreased by approximately 12.6% from about 4,741,000 tons in 2023 to approximately 4,142,000 tons in the current year[10]. - The company aims to achieve a budgeted production of approximately 5,000,000 tons for the fiscal year 2025[16]. - The total production from the nine integrated coal mines in Guizhou Province was approximately 3,886,000 tons, accounting for 59.7% of the estimated budgeted production of about 6,500,000 tons for 2023[15]. - The average production cost of premium coal decreased from approximately RMB 1,541 per ton in 2023 to about RMB 1,421 per ton in the current year, a reduction of 7.8%[10]. - The company anticipates total raw coal production to reach between 5,000,000 and 5,300,000 tons for the year ending December 31, 2025, following a 77% increase in production to approximately 1,202,000 tons for the three months ending March 31, 2025[53]. Legal and Compliance Issues - The company is involved in a civil lawsuit regarding a loan agreement dispute, with claims amounting to approximately RMB 576 million related to unpaid principal and default interest[68]. - Another civil lawsuit involves claims of approximately RMB 134 million against the company and its subsidiaries for failure to honor bank acceptance bills[68]. - The company has established an insider information policy to provide guidance on handling insider information[151]. - The company has implemented measures to ensure compliance with legal and regulatory requirements, including a review of the whistleblowing policy[144]. Governance and Management - The management team includes experienced professionals with backgrounds in engineering, finance, and law, contributing to the company's operational and financial management[69][70][71][76]. - The company emphasizes its commitment to governance and compliance, as outlined in the annual report sections on environmental, social, and governance practices[79]. - The audit committee consists of three independent non-executive directors and has reviewed the financial statements for the year ending December 31, 2024[113]. - The company has established internal controls and accounting principles as part of its governance practices[112]. - The company has adopted the standard code for securities trading by directors as per the listing rules, confirming compliance for the year[124]. Environmental and Social Responsibility - The company has established an ESG governance framework to ensure alignment with its sustainable development business strategy[164]. - The company has set multiple environmental goals for 2024, including reducing greenhouse gas emissions and increasing hazardous waste management projects, with progress monitored regularly[170]. - The company has maintained compliance with environmental regulations, with no significant legal issues related to emissions or waste management during the reporting period[172]. - Total greenhouse gas emissions for 2024 decreased to 97,987.48 tons CO2 equivalent from 116,312.58 tons in 2023, a reduction of approximately 15.7%[174]. - The company has identified climate-related risks and opportunities, integrating climate change into its internal control and risk management processes[191]. Employee and Workforce Management - The company employed a total of 9,319 employees as of December 31, 2024, down from 9,682 employees in 2023, indicating a reduction in workforce[193]. - Employee turnover rate increased significantly, with male turnover at 3.70% in 2024 compared to 1.53% in 2023, and female turnover at 4.61% compared to 1.70%[196]. - The company has implemented a competitive compensation system that aligns job value with pay, ensuring equal pay for equal positions[195]. - The organization has received safety certifications from provincial coal mine safety management authorities, ensuring compliance with occupational health and safety standards[200]. - The company emphasizes equal opportunities in employment, ensuring no discrimination based on gender, race, religion, age, marital status, or disability[198].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 2,174,206,000, a decrease of 11.2% compared to RMB 2,449,011,000 in 2023[3] - Gross profit decreased by 47.8% to RMB 141,488,000 from RMB 270,849,000 in the previous year[3] - The adjusted EBITDA improved by 84.6%, resulting in a loss of RMB 13,251,000 compared to a loss of RMB 86,254,000 in 2023[3] - The net loss attributable to shareholders was RMB 634,361,000, a reduction of 15.0% from RMB 746,192,000 in the prior year[3] - The company reported a basic loss per share of RMB 13.77, which is 26.5% better than the RMB 18.74 loss per share in 2023[3] - The company achieved a net loss attributable to shareholders of RMB 634,361 thousand in 2024, compared to a loss of RMB 746,192 thousand in 2023, indicating an improvement of 15.0%[23] - The company recorded a net loss of approximately RMB 635.9 million for the year, a reduction of 15.3% from RMB 750.4 million in 2023[48] - The adjusted EBITDA for the year was approximately RMB (13.3 million), compared to RMB (86.3 million) in 2023, indicating a significant improvement[49] Liquidity and Financial Position - Total assets less current liabilities decreased to RMB 2,201,685,000 from RMB 5,014,219,000 in 2023[5] - The company is negotiating with banks for loan extensions and interest repayment deferrals to improve liquidity[9] - Plans are in place to sell certain assets to enhance financial resources and liquidity[9] - The company aims to continue improving operational liquidity and profitability through cost control measures[9] - The company’s total liabilities and financial obligations are under review, with significant uncertainty regarding the ability to continue as a going concern[10] - The company has successfully negotiated loan extensions and repayment plans with banks and creditors, improving liquidity and profitability[13] - The net current liabilities as of December 31, 2024, were approximately RMB 7,724,646,000, indicating potential liquidity issues[34] - As of December 31, 2024, the company's net current liabilities increased to approximately RMB 7,724.6 million from RMB 5,333.5 million in 2023[51] Revenue and Sales - The company reported a revenue of RMB 2,174,206 thousand for the year 2024, a decrease of 11.2% from RMB 2,449,011 thousand in 2023[14] - Sales of premium coal amounted to RMB 2,014,686 thousand in 2024, down from RMB 2,206,940 thousand in 2023, reflecting a decline of 8.7%[14] - The sales volume of premium coal was approximately 1,296,000 tons, remaining relatively stable compared to 1,306,000 tons in the previous year[37] - The average selling price of premium coal decreased from approximately RMB 1,690.4 per ton in the previous year to RMB 1,554.3 per ton, a decline of about 8.1%[37] Cost and Expenses - The cost of sales for the year was approximately RMB 2,032.7 million, a reduction of about RMB 145.5 million or approximately 6.7% compared to RMB 2,178.2 million in the previous year[38] - Employee costs for the year were approximately RMB 987.7 million, a slight decrease from RMB 1,003.6 million in 2023, with the number of employees reduced to 9,319 from 9,682[54] - Other income decreased by approximately RMB 21.8 million or 40.9% to RMB 31.5 million compared to RMB 53.3 million in 2023[42] Governance and Compliance - The company has adopted new and revised International Financial Reporting Standards effective from January 1, 2024, with no significant impact on financial reporting[11] - The company has adhered to the corporate governance code throughout the year[68] Dividends - No final dividend has been proposed by the board of directors for the year[3] - The company has not declared any dividends for the years ending December 31, 2024, and 2023[21] - The company did not recommend any final dividend for the year[55] Operational Developments - The company is taking various proactive measures to enhance production processes, with production expected to increase in the second half of 2024[66] - The company has achieved initial cost savings in operational and administrative expenses during the year[66] - The board believes that the overall financial, business, and trading conditions of the company can remain healthy with the expansion of production scale in 2025[66] Legal Matters - The company is involved in ongoing litigation related to a loan agreement dispute, with claims amounting to approximately RMB 576 million[64] Other Financial Metrics - The company's gross profit for the year was approximately RMB 141.5 million, a decrease from RMB 270.8 million in 2023[66] - The company's capital debt ratio increased to 60.4% in 2024 from 57.5% in 2023, indicating a higher level of leverage[51] - The allowance for bad debts increased to RMB 84,794 thousand in 2024 from RMB 77,809 thousand in 2023[25] - The aging analysis of trade receivables showed that amounts overdue by more than 365 days increased to RMB 144,097 thousand in 2024 from RMB 274 thousand in 2023[25] - The group's capital commitments for property, plant, and equipment were RMB 438,224 thousand in 2024, down from RMB 555,564 thousand in 2023[30] - The company has no significant contingent liabilities as of December 31, 2024[61] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[58] - The company has not purchased, sold, or redeemed any of its listed securities during the year ending December 31, 2024[70]

恒鼎實業國際發展有限公司 （於開曼群島註冊成立之有限公司） 股份代號: 1393 版 2024 中期報告 I 目錄 | --- | --- | |------------------------------|-------| | | | | 公司資料 | 2 | | 主席報告 | 4 | | 管理層討論與分析 | 5 | | 其他資料 | 12 | | 簡明綜合損益及其他全面收益表 | 16 | | 簡明綜合財務狀況表 | 17 | | 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 | 21 | 公司資料 | --- | --- | |------------------------------|------------------------------------------------------------------| | 董事 | 授權代表 | | 執行董事 | 鮮揚先生 | | 鮮揚先生（主席） | 朱麗娟女士 | | 孫建坤先生 | 註冊辦事處 | | 莊顯偉先生 | | | 獨立非執行董事 | Cricket Square Hutchins ...

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 926,402 thousand, a decrease of 35.2% compared to RMB 1,430,452 thousand in the same period of 2023[1] - The gross loss for the period was RMB (43,325) thousand, compared to a profit of RMB 291,046 thousand in the prior year, representing a decline of 114.9%[2] - The loss before tax was RMB (350,029) thousand, a significant increase from a profit of RMB 6,186 thousand in the previous year, reflecting a change of 5,758.4%[2] - EBITDA for the period was RMB (93,991) thousand, down 132.3% from RMB 291,218 thousand in the same period last year[1] - Basic loss per share was RMB (7.7), compared to RMB (0.3) in the prior year, indicating an increase of 2,466.7%[2] - The company reported a total comprehensive loss attributable to owners of the company of RMB (353,688) thousand for the period, compared to RMB (11,350) thousand in the previous year[2] - The group's net loss for the year was approximately RMB 351.2 million, with a net operating cash inflow of RMB 27.2 million[8] Sales and Production - Sales revenue from premium coal was RMB 829.47 million, down from RMB 1.302 billion in the previous year, representing a decrease of approximately 36.3%[11] - The sales volume of premium coal decreased from approximately 756,900 tons to about 477,400 tons, representing a decline of approximately 36.9%[28] - The production of raw coal and premium coal was approximately 1,641,000 tons and 499,000 tons, respectively, down approximately 37.3% and 33.7% compared to the same period in 2023[29] - The average selling price of premium coal (excluding VAT) was approximately RMB 1,737.4 per ton, compared to RMB 1,720.2 per ton in the same period of 2023[28] - The production cost per ton of premium coal reached a high level of RMB 1,668 due to low production levels[29] - The company aims to achieve higher growth in raw coal and premium coal production in the second half of 2024 as operations resume in Guizhou Province[29] Financial Position - Non-current assets decreased to RMB 9,985,846 thousand as of June 30, 2024, from RMB 10,347,768 thousand as of December 31, 2023[3] - Current liabilities increased to RMB 7,681,818 thousand as of June 30, 2024, compared to RMB 7,481,001 thousand as of December 31, 2023[4] - Total equity decreased to RMB 1,396,148 thousand as of June 30, 2024, from RMB 1,747,338 thousand as of December 31, 2023[5] - As of June 30, 2024, the company's capital-to-debt ratio was 59.6%, up from 57.5% as of December 31, 2023[42] - As of June 30, 2024, the company had total bank borrowings of approximately RMB 5,619.8 million, with RMB 4,256.4 million due within one year[41] Cost Management - Total employee costs were RMB 430.719 million, a decrease from RMB 483.228 million in the previous year, reflecting a reduction of approximately 10.8%[18] - Employee costs for the review period were approximately RMB 374.4 million, a decrease of about RMB 32.8 million or 8.1% compared to RMB 407.2 million in the same period of 2023[32] - Distribution expenses were approximately RMB 55.8 million, a decrease of about RMB 78.3 million or 58.4% compared to RMB 134.1 million in the same period of 2023, consistent with the decline in premium coal sales[36] - Administrative expenses were approximately RMB 129.8 million, a decrease of about RMB 44.4 million or 25.5% compared to RMB 174.2 million in the same period of 2023, mainly due to reduced ongoing administrative and legal costs[37] - Financing costs were approximately RMB 125.5 million, a decrease of about RMB 14.7 million or 10.5% compared to RMB 140.2 million in the same period of 2023, primarily due to a reduction in interest on discounted notes receivable[38] Liquidity and Future Plans - The group is negotiating with banks to extend loan repayments and interest payment deadlines to improve liquidity and profitability[9] - The group plans to continue taking proactive measures to control administrative and production costs to enhance financial resources for operations[9] - The board believes that liquidity will improve with the expansion of production scale in the second half of 2024, maintaining a healthy overall financial, business, and trade status[50] Compliance and Governance - The company has adopted new and revised International Financial Reporting Standards effective from January 1, 2024, with no significant changes to accounting policies or reported amounts[10] - The audit committee has reviewed the financial reporting process and internal control procedures during the review period[51] - The company has complied with the corporate governance code during the review period[52] Legal and Contingent Liabilities - The company is currently facing legal claims amounting to approximately RMB 576 million related to a loan agreement dispute[48] - There were no significant contingent liabilities other than those disclosed as of June 30, 2024[49] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the review period[48] - The company had no significant investments during the review period[47] - The company has no major future investment or capital asset plans as of the review period[48]

恒鼎實業國際發展有限公司 （於開曼群島註冊成立之有限公司） 股份代號: 1393 ...

Financial Performance - The group reported a net loss of approximately RMB 750.4 million for the year ending December 31, 2023, with a net operating cash inflow of approximately RMB 406.4 million[6]. - Total revenue for the year was RMB 2,449.0 million, a decrease from RMB 4,284.3 million in 2022, with the average selling price of premium coal dropping from RMB 2,244.9 per ton to RMB 1,690.4 per ton[10]. - The company's gross profit for the year was approximately RMB 270.8 million, a decrease of about RMB 1,514.6 million or approximately 84.8% compared to RMB 1,785.4 million in the previous year, with a gross margin of 11.1% compared to 41.7% in 2022[39]. - The company reported a loss before tax of RMB 732,162 thousand, a significant decline from a profit of RMB 616,168 thousand in 2022, representing a 218.8% change[105]. - The adjusted EBITDA for the year was RMB (86,254) thousand, compared to RMB 1,205,808 thousand in 2022, reflecting a 107.2% decrease[105]. - The company's annual loss was approximately RMB 750.4 million, a decrease of about RMB 1,287.7 million or approximately 239.7% compared to a profit of RMB 537.3 million in 2022[133]. Revenue and Sales - Total revenue from the sale of premium coal and its by-products decreased to RMB 2,449,011 thousand in 2023 from RMB 4,284,259 thousand in 2022, representing a decline of approximately 42.9%[77]. - The sales volume of premium coal was approximately 1,306,000 tons, down about 28.4% from 1,824,000 tons in 2022[112]. - The total sales cost for the year was approximately RMB 2,178.2 million, down about 12.8% from RMB 2,498.8 million in 2022[127]. - The production of raw coal decreased from approximately 5,429,000 tons in 2022 to about 4,741,000 tons in 2023, a reduction of approximately 12.7%[127]. Expenses and Costs - Distribution expenses decreased by approximately RMB 88.2 million or 28.9% to RMB 216.6 million, consistent with the decline in premium coal sales[15]. - Employee costs amounted to approximately RMB 1,003.6 million, a decrease from RMB 1,043.5 million in the previous year, with the number of employees slightly reduced to 9,682 from 9,834[25]. - Administrative expenses for the year were approximately RMB 315.5 million, a decrease of about RMB 66.9 million or approximately 17.5% from RMB 382.4 million in 2022[41]. - The adjusted EBITDA margin for the year was (3.5%), a significant decline from 28.1% in 2022[119]. Assets and Liabilities - The group had cash and bank balances of approximately RMB 46.7 million as of December 31, 2023, down from RMB 78.2 million in 2022[19]. - The company has pledged assets totaling approximately RMB 4,891 million to banks as collateral for credit facilities, an increase from RMB 4,220 million in 2022[24]. - The company's capital debt ratio as of December 31, 2023, was 57.5%, compared to 53.6% in 2022[44]. - The net current liabilities as of December 31, 2023, were approximately RMB 5,333.5 million, compared to RMB 8,568.3 million at the end of 2022[120]. - Non-current liabilities included bank borrowings of RMB 1,363,403 thousand and new US dollar senior notes of RMB 541,834 thousand[100]. Dividends and Shareholder Returns - The board does not recommend the payment of any final dividend for the year[26]. - The company did not recommend any dividend distribution for the years ended December 31, 2023, and 2022[67]. - The basic loss per share for the year was RMB (18.74), a decline of 171.4% from earnings of RMB 26.24 per share in 2022[105]. Strategic Initiatives - The company is actively taking measures to strengthen production processes and control management costs in response to challenges faced in the coking coal market[32]. - The company is focused on production upgrades and process optimization to accelerate coal production in Guizhou and Sichuan provinces[32]. - The company plans to continue taking proactive measures to control administrative and production costs[111]. - The company has not made any significant investments or capital asset plans during the year[31]. - The company implemented a debt restructuring plan that was announced to take effect on March 31, 2023[136]. Governance and Compliance - The company has complied with the corporate governance code throughout the year[149]. - The board of directors confirmed adherence to the standard code for securities trading during the year[150]. - The executive directors include Mr. Xian Yang (Chairman), Mr. Sun Jiankun, and Mr. Zhuang Xianwei[151].

Financial Performance - Total revenue for the first half of 2023 was RMB 1,430,452,000, a decrease from RMB 2,264,297,000 in the same period of 2022, representing a decline of approximately 36.8%[4] - The gross profit for the review period was approximately RMB 291 million, a significant decrease of about RMB 889 million or 75.3% compared to RMB 1,180 million in the same period of 2022[7] - The company reported a net loss attributable to shareholders of approximately RMB 11.4 million for the first half of 2023, a decrease of about RMB 461.7 million or 102.5% compared to a profit of RMB 450.3 million in the same period of 2022[10] - EBITDA for the first half of 2023 was RMB 291,218,000, down from RMB 822,995,000 in the same period of 2022[11] - The company reported a profit and total comprehensive income of RMB 450,343 thousand for the six months ended June 30, 2023, compared to RMB 449,658 thousand for the same period in 2022, showing a slight increase[69] - The total comprehensive loss for the period was RMB 12.9 million, compared to a profit of RMB 449.7 million in the same period last year, marking a 102.9% change[151] Cost Management - The average cash cost per ton of coal mining decreased to RMB 321 in 2023 from RMB 344 in 2022, while total production costs fell to RMB 367 from RMB 395[7] - Distribution expenses for the review period were approximately RMB 134.1 million, a decrease of about RMB 23.1 million or 14.7% compared to RMB 157.2 million in the same period of 2022[8] - Administrative expenses were approximately RMB 174.2 million, down by about RMB 23.4 million or 11.8% from RMB 197.6 million in the same period of 2022[9] - The company's total cost of sales was approximately RMB 1,139.4 million, an increase of about 5.1% from RMB 1,084.4 million in the same period of 2022[153] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended June 30, 2023, was RMB 437.4 million, compared to RMB 358.3 million for the same period in 2022, representing an increase of approximately 22.0%[33] - The net cash used in investing activities was RMB 128.2 million, a decrease from RMB 158.3 million in the previous year, indicating improved cash flow management[33] - The cash and cash equivalents decreased by RMB 34.5 million during the period, ending at RMB 43.7 million compared to RMB 40.2 million at the end of the previous year[33] - The company’s cash balance as of June 30, 2023, was approximately RMB 43.7 million, down from RMB 78.2 million as of December 31, 2022[178] Debt and Liabilities - As of June 30, 2023, the group had a net current liability of approximately RMB 4,264.1 million, a decrease from RMB 8,568.3 million as of December 31, 2022, primarily due to debt restructuring[12] - The company issued and allotted 282,844,625 shares to domestic creditors to repay outstanding debts of approximately RMB 149.4 million as of March 31, 2023[15] - The company incurred interest payments of RMB 237.4 million during the period, significantly higher than RMB 50.7 million in the same period last year, reflecting increased borrowing costs[33] - As of June 30, 2023, the company had bank loans totaling approximately RMB 5,636 million, with fixed interest rates ranging from 3.00% to 4.275%[108] - The company’s non-current liabilities were RMB 2,838,879 thousand as of June 30, 2023, compared to RMB 331,548 thousand as of December 31, 2022[196] Production and Operations - The company aims for higher growth in raw coal and clean coal production in the second half of 2023 following the resumption of operations at the Hongxing coal mine[5] - The production of raw coal and premium coal was approximately 2,616,000 tons and 753,000 tons, respectively, representing increases of about 10.1% and a decrease of 8.1% compared to the previous year[153] - The company produced 2,616 thousand tons of raw coal and 753 thousand tons of coking coal in the first half of 2023, compared to 2,377 thousand tons and 819 thousand tons respectively in the same period of 2022, representing an increase of approximately 10.1% for raw coal and a decrease of 8.0% for coking coal[154] Employee and Operational Costs - As of June 30, 2023, the total number of employees increased to 10,089 from 9,834 at the end of 2022, with employee costs amounting to RMB 483.2 million, up from RMB 456.5 million year-on-year[46] - Total employee costs amounted to RMB 483,228 thousand, an increase of 5.8% from RMB 456,543 thousand in 2022[81] - Employee costs for the review period were approximately RMB 407.2 million, an increase of about RMB 26.6 million or 7.0% compared to RMB 380.6 million in the same period of 2022[154] Governance and Compliance - The company has adopted the corporate governance standards as per the listing rules, ensuring compliance and transparency in its operations[39] Market and Sales - The average selling price of premium coal decreased by approximately 31.2%, from RMB 2,498.5 per ton to RMB 1,720.2 per ton[151] - The sales volume of premium coal fell by about 13.8%, from approximately 878,200 tons to 756,900 tons[151] - For the six months ended June 30, 2023, the sales revenue from premium coal and its by-products was RMB 1,302,084 thousand, a decrease of 40.5% compared to RMB 2,194,206 thousand for the same period in 2022[97] Other Income and Expenses - Other income for the six months ended June 30, 2023, included a debt restructuring gain of RMB 231,764 thousand, compared to no such gain in the previous year[73] - Interest expenses on bank and other borrowings for the six months ended June 30, 2023, amounted to RMB 127,514 thousand, an increase from RMB 110,204 thousand in the same period of 2022[74] - Financing costs rose to RMB 140,234 thousand, up from RMB 127,026 thousand in 2022, indicating an increase of 10.3%[90] Assets and Equity - As of June 30, 2023, non-current assets totaled RMB 10,946,875 thousand, an increase from RMB 10,360,025 thousand as of December 31, 2022, representing a growth of approximately 5.65%[60] - The total equity attributable to the company's owners increased to RMB 3,817,622 thousand as of June 30, 2023, from RMB 1,431,132 thousand as of December 31, 2022[196] - The company’s total asset net amount was RMB 3,843,855 thousand as of June 30, 2023, compared to RMB 1,460,135 thousand as of December 31, 2022[196]

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，概不對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。 Hidili Industry International Development Limited 恒鼎實業國際發展有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01393） 截至二零二三年六月三十日止六個月之 未經審核中期業績 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 變更 人民幣千元 人民幣千元 % （未經審核） （未經審核） 收入 1,430,452 2,264,297 (36.8%) 毛利 291,046 1,179,874 (75.3%) 除稅前利潤 6,186 532,683 (98.8%) 期間（虧損）╱利潤及全面（開支）╱ 收益總額 (12,963) 449,658 (102.9%) ...

Financial Performance - The company reported revenue of approximately RMB 4,284.3 million and adjusted EBITDA of approximately RMB 1,205.8 million for the year ended December 31, 2022, representing increases of approximately 50.9% and 20.6% respectively compared to the previous year[10]. - Gross profit for the year was approximately RMB 1,785 million, an increase of about RMB 455 million or approximately 34.3% from RMB 1,330 million in 2021, with a gross margin of approximately 41.7%[11]. - The company reported a revenue of approximately RMB 4,284.3 million for the year, an increase of about 50.9% compared to RMB 2,839.7 million in the previous year[31]. - The company recorded a gross profit of approximately RMB 1,785.4 million and adjusted EBITDA of approximately RMB 1,205.8 million for the year[28]. - The annual profit was approximately RMB 537.3 million, a decrease of about RMB 107.1 million or 16.6% compared to RMB 644.4 million in 2021[48]. - The adjusted EBITDA for the year was approximately RMB 1,205.8 million, with an adjusted EBITDA margin of 28.1%, down from 35.2% in 2021[50]. - The company's sales cost for the year was approximately RMB 2,498.8 million, an increase of about RMB 988.7 million or 65.5% compared to RMB 1,510.1 million in 2021[34]. - Other income for the year was approximately RMB 51.8 million, a significant increase of about RMB 25.4 million or 96.2% compared to RMB 26.4 million in 2021, mainly due to government subsidies[41]. - The company recorded other losses of approximately RMB 255.8 million, compared to RMB 50.1 million in 2021, primarily due to increased losses from the disposal of properties and foreign exchange losses[42]. Production and Operations - Raw coal production increased by approximately 33.1% from about 4,078,000 tons in 2021 to approximately 5,429,000 tons in 2022, while coking coal production rose by approximately 14.5% from about 1,527,000 tons to approximately 1,749,000 tons[10]. - The total production from the nine integrated coal mines was approximately 5,226,000 tons in 2022, which is 95.0% of the estimated budgeted production of 5,500,000 tons[17]. - The company estimates a budgeted production of approximately 7,300,000 tons for the year 2023[18]. - The company estimates a production capacity of approximately 300,000 tons for the year 2023, following the resumption of production at the Tianbao Coal Mine[22]. - In Yunnan Province, the total approved integrated production capacity for the company's eight coal mines is approximately 3,600,000 tons, with a total production of about 98,000 tons in 2022, representing 49.0% of the estimated budgeted production of 200,000 tons[24]. - The company plans to consolidate five existing coal mines into three, each with a target annual production level of 450,000 tons[20]. - The company faced increased material consumption and costs due to capacity upgrades and optimization processes, leading to higher production costs[11]. Market and Sales - Coking coal sales volume increased by approximately 27.3% to 1,824,200 tons in the current year from 1,433,000 tons in the previous year[31]. - The average selling price of coking coal rose by approximately 21.1% to RMB 2,244.9 per ton from RMB 1,854.5 per ton[31]. - The company reported a total sales amount of approximately RMB 2,359 million from its top five customers, accounting for 55.1% of total revenue[94]. - The largest single customer contributed approximately RMB 660 million, representing 16.1% of total revenue[94]. - The company’s procurement from its top five suppliers amounted to approximately RMB 482 million, representing 33.2% of total procurement[94]. - The largest single supplier accounted for approximately RMB 150 million, which is 10.4% of total procurement[94]. Debt and Restructuring - The company is undergoing a restructuring process as part of its financial resource and capital structure management[12]. - The company is undergoing a debt restructuring process, which was approved at a special shareholders' meeting on January 30, 2023[29]. - A debt restructuring plan was announced on November 23, 2022, which included issuing preferred shares and a settlement agreement with creditors[65]. - The restructuring was successfully implemented on March 31, 2023, releasing all obligations under the notes[65]. - The total amount due to noteholders was approximately USD 190.6 million as of the last reporting period[55]. - The company is currently coordinating with professionals to complete a debt restructuring, which is expected to improve its financial health and sustainable cash flow[161]. - The debt restructuring plan includes issuing preferred shares to several Chinese lending banks and settling agreements with domestic creditors, effective March 31, 2023[162]. Governance and Compliance - The company has established appropriate directors and officers liability insurance for its directors and senior management[104]. - The audit committee consists of three independent non-executive directors and has reviewed the financial statements for the year ending December 31, 2022[118]. - The company has complied with the corporate governance code throughout the year[123]. - The board consists of six directors, including three independent non-executive directors, ensuring compliance with corporate governance standards[131]. - All independent non-executive directors confirmed their independence according to the listing rules, meeting the necessary criteria[140]. - The company held four board meetings during the year, with full attendance from all directors[143]. - The remuneration committee reviewed and approved the annual salary review and remuneration policy for directors and employees in one meeting[150]. - The nomination committee has adopted a board diversity policy, focusing on various diversity aspects such as gender, age, and professional experience[151]. - The company has established a three-year fixed-term service agreement with all executive directors, subject to rotation and re-election eligibility[132]. - The company provides retirement benefit plan contributions and discretionary bonuses based on individual contributions[150]. - The chairman and president roles are separated to enhance independence and accountability within the company[137]. - The board is responsible for the overall development and direction of the group, including strategy formulation and risk management[136]. - The company encourages continuous professional development for directors to ensure informed contributions to the board[141]. Environmental, Social, and Governance (ESG) - The ESG report covers activities, challenges, and measures taken during the year ending December 31, 2022, highlighting the company's commitment to sustainable development[169]. - The company has established an ESG governance framework to ensure alignment with business strategies and integrate ESG management into operations and decision-making processes[175]. - The management team is responsible for the execution of ESG matters, meeting at least once a year to review policies and progress towards ESG-related goals[176]. - The company has implemented a data collection system to enhance the disclosure of environmental and social data starting from 2022[174]. - The company has set multiple environmental goals for 2022, including reducing greenhouse gas emissions and increasing hazardous waste management projects[183]. - The company reported nitrogen oxides emissions of approximately 999.17 kg, sulfur oxides emissions of 5.14 kg, and particulate matter emissions of 89.52 kg during the reporting period[186]. - The company emphasizes compliance with environmental laws and regulations, with no significant violations reported during the period[185]. - The company aims to improve resource usage and supply chain management as part of its ESG priorities[181]. - The company plans to promote energy and water conservation through employee awareness activities[183]. - The company has established a systematic approach for annual materiality assessments to identify and prioritize significant ESG issues[180]. - The company maintains close communication with stakeholders, including shareholders, government bodies, employees, customers, and suppliers[180]. - The company is committed to enhancing its operational practices to minimize environmental impact and achieve sustainable development goals[185]. - The company has implemented internal management policies to address identified significant ESG issues[180]. - Total greenhouse gas emissions amounted to approximately 135,282.09 tons of CO2 equivalent, with a density of 0.03 tons of CO2 equivalent per 1,000 RMB revenue[189]. - The total operating revenue for the reporting period was 4,284,259.00 thousand RMB[189]. - Direct energy consumption totaled approximately 175,994.30 MWh, while indirect energy consumption was about 161,691.44 MWh, leading to a total energy consumption of 337,685.74 MWh, with a density of 0.08 MWh per 1,000 RMB revenue[196]. - Total water consumption during the reporting period was approximately 3,446,583.00 cubic meters, with a density of 0.80 cubic meters per 1,000 RMB revenue[198]. - The amount of hazardous waste generated, including waste mineral oil and coal gangue, was approximately 2,728,650.48 tons, with a density of 0.64 tons per 1,000 RMB revenue[192]. - The company utilized approximately 35,040.80 MWh of coalbed methane for power generation in 2022[196]. - The total amount of non-hazardous waste, primarily paper waste, was approximately 1,740.24 kilograms, with a density of 0.0004 kilograms per 1,000 RMB revenue[193]. - The company implemented measures to reduce energy consumption and promote a green office culture, including encouraging employees to turn off computers when not in use[197]. - The company actively extracted approximately 29,789,600 cubic meters of coalbed methane, using about 12,376,300 cubic meters for self-generated electricity[189]. - The company has established policies to ensure compliance with environmental standards and reduce negative impacts on the environment[195].

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，概不對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。 Hidili Industry International Development Limited 恒鼎實業國際發展有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01393） 截至二零二二年十二月三十一日止年度 全年業績公告 財務摘要 二零二二年 二零二一年 變動 人民幣千元 人民幣千元 % 收入 4,284,259 2,839,738 50.9% 毛利 1,785,431 1,329,631 34.3% 除稅前利潤 616,168 572,431 7.6% 本公司擁有人應佔利潤 536,683 645,145 (16.8%) 經調整EBITDA 1,205,808 999,453 20.6% 每股基本盈利（人民幣分） 26.24 31.54 (16.8%) 董事會建議不派付任何末期股息。 ...