（於開曼群島註冊成立之有限公司） 股份代號：1452 2022 2022 中期報告 INTERIM REPORT 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Stock Code: 1452 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED INTERIM REPORT 2022 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 4 | | 其他資料 | 13 | | 簡明綜合損益及其他全面收益表 | 17 | | 簡明綜合財務狀況表 | 18 | | 簡明綜合權益變動表 | 20 | | 簡明綜合現金流量表 | 22 | | 簡明綜合中期財務報表附註 | 23 ...

Economic Performance - In 2021, China's GDP reached 114 trillion yuan, with a growth rate of 8.1%, significantly higher than other major economies[9]. Business Development and Strategy - The group achieved breakthroughs in industrial catalyst marketing, expanding into sectors such as cement, glass, and solid waste incineration, with both plate and honeycomb catalysts progressing simultaneously[10]. - The group secured bulk orders for its natural gas vehicle Euro VI catalyst, marking its entry into the vehicle industry[10]. - In 2022, the group plans to strengthen market development, cost control, and technology R&D in both industrial and vehicle catalyst sectors[12]. - The group aims to enhance the sales team's construction and training, improving the incentive system to drive greater market breakthroughs[13]. - The company plans to strengthen market expansion efforts and develop competitive sales incentive policies in 2022[89]. - The company continues to invest in R&D for vehicle catalysts, focusing on the National VI standards for natural gas and diesel vehicles[88]. - The company aims to balance resource allocation between traditional industrial catalysts and vehicle catalysts in response to market changes[88]. Financial Performance - The company recorded total revenue of approximately RMB 715.6 million in 2021, an increase of 10.3% compared to approximately RMB 648.0 million in 2020[92]. - Revenue from sales of plate denitrification catalysts decreased by 22.3% to approximately RMB 343.7 million in 2021, primarily due to market demand fluctuations[93]. - Revenue from sales of honeycomb denitrification catalysts increased by 39.3% to approximately RMB 183.1 million in 2021, driven by market demand[93]. - The company achieved a gross profit of approximately RMB 122 million in 2021, attributed to the price recovery of plate denitrification catalysts and increased sales volume of honeycomb catalysts[95]. - Administrative expenses rose by 11.9% to approximately RMB 202 million in 2021, mainly due to increased personnel wages and social security costs[97]. Governance and Board Structure - The board consists of six directors, including two executive directors and three independent non-executive directors, ensuring strong independence[20]. - The board is responsible for business and investment plans, annual financial budgets, and financial reporting, with a focus on effective governance and management oversight[21]. - All directors are required to disclose their public company roles and commitments annually, ensuring they dedicate sufficient time to the company's affairs[24]. - Attendance records show that all directors attended 100% of board meetings, indicating strong engagement and commitment[25]. - The company has appointed three independent non-executive directors, representing over one-third of the board, to ensure adequate checks and balances[26]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to fulfill its governance responsibilities[33]. - The company’s governance structure is reviewed periodically to maintain high standards of corporate governance[29]. - The board believes that combining the roles of Chairman and CEO under Zhao Shu provides strong and stable leadership for the company's strategic implementation[29]. Risk Management and Compliance - The company has established a risk management framework that includes five key components: risk identification, risk assessment, risk treatment, risk reporting, and risk monitoring[48]. - The company’s internal control and risk management systems are reviewed annually to ensure ongoing effectiveness[48]. - The company has engaged external internal control consultants to audit the effectiveness of its internal control system, covering all major controls including financial, operational, and compliance[48]. - The company’s compliance procedures ensure adherence to applicable laws and regulations, which are regularly reviewed by the audit committee[130]. Shareholder and Investor Relations - The company maintains regular communication with institutional investors and analysts to inform them of its strategies and operations[64]. - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting[56]. - The company ensures that all shareholders receive timely information regarding significant business matters through various communication channels[63]. - The company encourages shareholders to attend general meetings and allows proxy voting for those unable to attend[64]. Production and Operations - The company completed 560 catalyst technical solutions and signed 65 supply contracts by the end of 2021[79]. - The company produced over 8,000 cubic meters of catalysts in 2021, with a stable production situation for honeycomb catalysts[81]. - The honeycomb catalyst contracts showed significant growth in 2021, indicating a successful market transition[79]. - The company achieved initial acceptance for 17 units across 12 power plants and completed final acceptance for 2 units in one power plant[79]. - The company secured two orders in the cement industry, establishing a competitive foundation for future promotions[79]. - The overall market for industrial denitrification catalysts is stabilizing, with average profit margins expected to align with manufacturing industry standards[76]. - The company is focusing on optimizing processes and improving production efficiency to counteract raw material price fluctuations[81]. Human Resources and Training - The company aims to increase female representation in senior management and board positions through comprehensive training programs[70]. - The group has established an annual training program for employees to enhance their skills, emphasizing the importance of human resources in a competitive industry[135]. Financial Health and Liquidity - Current ratio decreased from 3.1x as of December 31, 2020, to 2.4x as of December 31, 2021[102]. - Quick ratio decreased from 1.9x as of December 31, 2020, to 1.3x as of December 31, 2021[102]. - Cash and cash equivalents as of December 31, 2021, were approximately RMB 71.4 million, down from RMB 85.0 million as of December 31, 2020[104]. - The net amount of unutilized proceeds from the IPO as of December 31, 2021, was approximately RMB 29.5 million[106]. - Total capital expenditure for the year ended December 31, 2021, was approximately RMB 4.5 million, significantly down from RMB 24.3 million in 2020[114]. - The company had no outstanding bank loans or other borrowings as of December 31, 2021[110]. - The company recorded no return on equity or return on total assets for the years ended December 31, 2020, and December 31, 2021, due to losses attributable to owners[103]. - The company has no significant contingent liabilities as of December 31, 2021[116]. Share Options and Equity - The company has a share option plan with a maximum limit of 49,403,700 shares, which is 10% of the total shares in issue as of the report date[146]. - The share options granted to each eligible participant within any twelve-month period cannot exceed 1% of the issued shares as of the grant date[149]. - The share option plan is valid for a period of ten years from October 14, 2015, with approximately three years and seven months remaining[153]. - No share options were granted, exercised, cancelled, or lapsed during the reporting period up to the report date[154]. - As of December 31, 2021, the company had a total of 494,037,000 shares issued, with significant shareholdings including 30.98% by Advant Performance Limited and 10.34% by EEC Technology Limited[167]. Director and Management Information - Mr. Li Ke has been appointed as an executive director since October 19, 2015, and is responsible for production management, equipment management, R&D, and quality control[193]. - Ms. Chen Yuehua has extensive experience in investment banking and commercial banking, having worked on various mergers and acquisitions and private equity fund establishment[196]. - Mr. Li Min has published over 20 papers in domestic and international academic journals, with more than 10 indexed by EI[199]. - Mr. Wang Zuowei has over 30 years of experience in finance and accounting, and is a member of both the Institute of Chartered Accountants in England and Wales and the Hong Kong Institute of Certified Public Accountants[200].

（於開曼群島註冊成立之有限公司） 股份代號：1452 中期報告 2021 迪諾斯環保科技控股有限公司 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED INTERIM REPORT 2021 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 4 | | 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 | 21 | | 簡明綜合中期財務資料附註 | 22 | 1 迪諾斯環保科技控股有限公司 | 中報 2021 公司資料 董事會 執行董事 趙姝女士 （主席） 孔紅軍先生 李可先生 非執行董事 李興武先生 張毅達先生 獨立非執行董事 陳躍華女士 王祖偉先生 李民先生 審核委員會 陳躍華女士 （主席） 王祖偉先生 李民先生 薪酬委員會 李民先生 （主席） 趙姝女士 王祖偉先生 ...

迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 股份代號：1452 年 報 2020 (Incorporated in the Cayman Islands with limited liability) Stock Code: 1452 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED ANNUAL REPORT 2020 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED ANNUAL REPORT 2020 年報 目 錄 2 公司資料 4 主席報告 6 企業管治報告 18 董事會報告 39 董事及高級管理層履歷 45 環境、社會及管治報告 85 獨立核數師報告 92 綜合損益及其他全面收益表 93 綜合財務狀況表 95 綜合權益變動表 97 綜合現金流量表 99 綜合財務報表附註 159 五年財務摘要 160 詞彙 公司資料 董事會 執行董 ...

迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 股份代號：1452 2020 中期報告 Stock Code: 1452 迪諾斯環保科技控股有限公司 INTERIM REPORT 2020 (Incorporated in the Cayman Islands with limited liability) DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 4 | | 其他資料 | 11 | | 中期簡明綜合全面收益表 | 15 | | 中期簡明綜合資產負債表 | 16 | | 中期簡明綜合權益變動表 | 18 | | 中期簡明綜合現金流量表 | 20 | | 中期簡明綜合財務資料附註 | 21 | 1 迪諾斯環保科技控股有限公司 | 中期報告 2020 公司資料 趙姝女士 （主席） 孔紅軍先生 李可先生 非執行董事 李興武先生 張毅達先生 獨立非執行董事 陳躍華 ...

迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 股份代號：1452 2019 年 報 ANNUAL REPORT 2019 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Stock Code: 1452 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED 董事會 執行董事 趙姝女士 （主席） 孔紅軍先生 李可先生 非執行董事 李興武先生 張毅達先生 獨立非執行董事 林曉波先生 李民先生 王祖偉先生 ANNUAL REPORT 2019 年報 目 錄 2 公司資料 4 主席報告 6 企業管治報告 18 董事會報告 36 董事及高級管理層履歷 42 環境 、社會及管治報告 69 獨立核數師報告 74 綜合全面收益表 75 綜合資 ...

迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 股份代號：1452 2019 2019 中期報告 INTERIM REPORT 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Stock Code: 1452 迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED INTERIM REPORT 2019 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 業務回顧 | 4 | | 披露權益 | 11 | | 其他資料 | 13 | | 中期財務資料審閱報告 | 15 | | 中期簡明綜合全面收益表 | 16 | | 中期簡明綜合資產負債表 | 18 | | 中期簡明綜合權益變動表 | 20 | | 中期簡明綜 ...

迪諾斯環保科技控股有限公司 DENOX ENVIRONMENTAL & TECHNOLOGY HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 股份代號：1452 年 報 2018 目錄 | | | 4 主席報告 6 企業管治報告 18 董事會報告 37 董事及高級管理層履歷 43 環境、社會及管治報告 69 獨立核數師報告 74 綜合全面收益表 75 綜合資產負債表 77 綜合權益變動表 79 綜合現金流量表 80 綜合財務報表附註 137 財務摘要 138 詞彙 公司資料 董事會 執行董事 趙姝女士 （主席） 孔紅軍先生 李可先生 非執行董事 李興武先生 張毅達先生 獨立非執行董事 林曉波先生 李民先生 王祖偉先生 審核委員會 林曉波先生 （主席） 李民先生 王祖偉先生 薪酬委員會 李民先生 （主席） 趙姝女士 王祖偉先生 提名委員會 趙姝女士 （主席） 李民先生 王祖偉先生 聯席公司秘書 陳仲戟先生 劉連超先生 授權代表 趙姝女士 劉連超先生 核數師 羅兵咸永道會計師事務所 法律顧問 香港法 胡關李羅律師行 開曼群島法 Conyers Dill & Pearman 註冊辦事處 Cric ...