Financial Performance - The Group's gross profit decreased by 16.5% from RMB76.9 million for the year ended December 31, 2021, to RMB64.2 million for the year ended December 31, 2022, while gross profit margin increased from 13.7% to 18.4%[15] - For the year ended December 31, 2022, the Group recorded a net loss of RMB 78.0 million, with a net loss margin of 22.4%, compared to a net loss of RMB 8.8 million and a net loss margin of 1.6% for the year ended December 31, 2021[27] - The gross profit from hazardous waste incineration solutions decreased by 24.4% to RMB45.5 million, primarily due to a 45.9% reduction in revenue from these solutions[17] - Service costs decreased by 41.3% from RMB 484.8 million for the year ended December 31, 2021, to RMB 284.7 million for the year ended December 31, 2022, primarily due to a reduction in service revenue from hazardous waste incineration disposal business[172] - Finance costs rose by 9.9% from RMB2.6 million in 2021 to RMB2.8 million in 2022, mainly due to increased borrowings during the reporting period[176] Revenue and Growth - Revenue from the provision of oilfield auxiliary services amounted to RMB64.5 million during the year, up from RMB49.6 million in 2021, representing a growth of 29.5%[10] - The Group anticipates that pent-up domestic demand will drive economic recovery in China, positively impacting its business opportunities[30] - The company reported a financial summary indicating significant growth in revenue and profitability for the fiscal year[187] - Future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[189] - Weigang Environmental Technology reported a revenue increase of 15% year-over-year, reaching HKD 500 million for the fiscal year[198] Operational Capacity and Projects - The Group's total designed disposal/treatment capacity for hazardous waste incineration projects reached 420,000 tonnes per annum as of December 31, 2022[10] - The hazardous waste incineration projects include a total of 69,000 tonnes per annum designed capacity from three major projects in Guangzhou, Sichuan, and Hubei[8] - The Group aims to explore different project models for solid waste treatment, including the operation and maintenance services project and potential investments in its own solid waste treatment projects[32] - The company is developing and commercializing various new solid waste disposal applications, such as waste plastic and waste paper residue disposal, to tap into market demand[179] - A new waste management technology is set to be launched in Q2 2024, expected to reduce operational costs by 15%[198] Corporate Governance - The Company has complied with applicable code provisions of the CG Code during the Reporting Period, with a deviation from code provision C.2.1 from January 1, 2022, to November 16, 2022[65] - The Board comprises eight Directors, including five executive Directors and three independent non-executive Directors[63] - The Company is committed to maintaining high standards of corporate governance to safeguard shareholder interests and enhance corporate value[82] - The Company has adopted the Model Code for securities transactions, and all directors confirmed compliance during the reporting period[82] - The Company ensures compliance with statutory and regulatory requirements in its financial statements[129] Management and Leadership - Mr. Li Kaiyan was appointed as Chief Executive Officer on September 9, 2022, which is expected to benefit the Company's business prospects[67] - Mr. Liu Zejian joined the Group as Chief Financial Officer in August 2022, overseeing financial and accounting affairs[58] - The Board has delegated authority for day-to-day management to senior management while overseeing strategic decisions and performance[61] - The attendance record for Board meetings shows that all Executive Directors attended 11 out of 11 meetings in 2022[110] - The Company has implemented continuous professional development for all Directors to enhance their knowledge and skills[102] Strategic Initiatives - The Group plans to commercialize advanced solid waste treatment technologies and expand its business scope in 2023, aiming to maximize shareholder returns[3] - The Group aims to strengthen its market position and expand market share in hazardous waste incineration technology, leveraging strategic shareholder resources and R&D capabilities[46] - The company is considering strategic acquisitions to enhance its product offerings, with a target of identifying potential candidates by Q2 2024[192] - The chairman's statement emphasized a commitment to sustainability and environmental responsibility in all new initiatives[193] - Overall, Weigang is focused on sustainable growth strategies, with a commitment to reducing carbon emissions by 20% over the next five years[198]

Hong Kong Exchanges and Clearing Limited and The Stock 香港交易及結算所有限公司及香港聯合交易所有 Exchange of Hong Kong Limited take no responsibility for the 限公司對本公告的內容概不負責，對其準確性或 contents of this announcement, make no representation as to its 完整性亦不發表聲明，並明確表示概不就因本公 accuracy or completeness, and expressly disclaim any liability 告全部或任何部分內容而產生或因倚賴該等內容 whatsoever for any loss howsoever arising from or in reliance upon 而引致的任何損失承擔任何責任。 the whole or any part of the contents of this announcement. Weigang Environmental Technology Holdi ...

Financial Performance - The company reported a revenue of HKD 150 million for the interim period, representing a 20% increase compared to the previous year[3]. - For the six months ended 30 June 2022, the Group's revenue was RMB200.7 million, a decrease of 17.5% compared to the same period in 2021[12]. - Revenue decreased by 17.5% from RMB243.2 million for the six months ended 30 June 2021 to RMB200.7 million for the six months ended 30 June 2022, mainly due to a decrease in revenue from hazardous waste incineration solutions[23]. - The company reported a loss for the period of RMB (34,621,000) in June 2022, compared to a loss of RMB (19,078,000) in June 2021, indicating a significant increase in losses[154]. - Loss before tax for the six months ended June 30, 2022, was RMB 33,673,000, compared to a loss of RMB 23,180,000 in the prior year, indicating a deterioration in financial performance[118]. - The loss for the period attributable to owners of the Company was RMB 27,971,000, compared to RMB 17,647,000 in the same period of 2021[121]. - The total comprehensive expense for the period was RMB 34,621,000, significantly higher than RMB 19,507,000 in the previous year[121]. Profitability Metrics - The gross profit margin improved to 35%, up from 30% in the same period last year[3]. - The Group's gross profit for the same period was RMB27.3 million, with a gross profit margin of 13.6%, representing an increase of 4.6% and 2.9 percentage points respectively compared to the prior year[12]. - Gross profit increased by 4.6% from RMB26.1 million for the six months ended 30 June 2021 to RMB27.3 million for the six months ended 30 June 2022, with gross profit margin rising from 10.7% to 13.6%[27]. - The company aims to achieve a net profit margin of 10% by the end of the next fiscal year, up from 8%[3]. User and Market Growth - User data showed an increase in active users to 1.2 million, a growth of 15% year-on-year[3]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[3]. - Future guidance estimates revenue growth of 15-20% for the next fiscal year[3]. Research and Development - The company has allocated HKD 30 million for research and development of new technologies in environmental solutions[3]. - The Group is actively conducting research and development in new areas of solid waste treatment, successfully applying some technologies to new projects[14]. - Research and development expenses decreased by 28.4% from RMB10.2 million for the six months ended 30 June 2021 to RMB7.3 million for the six months ended 30 June 2022[31]. Operational Efficiency - A strategic partnership with a local firm is expected to enhance operational efficiency and reduce costs by 10%[3]. - The Group's focus remains on the design, integration, and commissioning of hazardous waste incineration systems, which generated a substantial portion of its revenue in the first half of 2022[15]. Segment Performance - Revenue for the solid waste treatment segment decreased to RMB 178,492,000 in June 2022 from RMB 223,920,000 in June 2021, representing a decline of approximately 20.3%[154]. - Revenue from oilfield auxiliary services increased to RMB 22,232,000 in June 2022, up from RMB 19,254,000 in June 2021, reflecting a growth of about 10.3%[154]. - Revenue from hazardous waste incineration solutions was RMB 167,661,000 in June 2022, down from RMB 219,359,000 in June 2021, a decline of approximately 23.5%[165]. Cash Flow and Liquidity - As of June 30, 2022, total assets less current liabilities amounted to RMB 545,420,000, a decrease from RMB 573,509,000 as of December 31, 2021, reflecting a decline of approximately 4.9%[125]. - The net cash generated from operating activities was RMB 55,568,000, compared to RMB 18,478,000 for the same period in 2021, representing an increase of 200%[134]. - Cash and cash equivalents at the end of the period increased to RMB 104,802,000 from RMB 63,200,000 year-over-year, reflecting a growth of 66%[134]. Shareholder Information - As of June 30, 2022, Mr. Cai Zhuhua holds a 39.83% interest in the Company, while Mr. Zhang Weiyang holds a 24.37% interest[53]. - The Group's total assets were approximately RMB810.9 million and total liabilities were approximately RMB274.4 million as at 30 June 2022, resulting in a gearing ratio of approximately 33.8%[38]. Corporate Governance - The Company has adopted the Corporate Governance Code and believes it has complied fully during the review period, except for a deviation regarding the roles of chairman and chief executive[84]. - The Group's remuneration policy considers individual performance, market performance, and the Group's overall profit, with employees receiving monthly salaries and discretionary bonuses[83]. Future Outlook - The demand for solid waste treatment is expected to continue growing due to supportive national policies, positioning the Group as a leading provider in this sector[40]. - The Group aims to consolidate its leading market position in hazardous waste incineration and expand market share through advanced treatment technologies[47]. - The Chinese government's policies for environmental protection are expected to drive continued growth in solid waste treatment demand[43].

Business Operations and Projects - As of December 31, 2021, the Group completed 35 hazardous waste incineration projects with an aggregate designed disposal capacity of 834,500 tonnes per annum, and has 19 ongoing projects with a capacity of 459,000 tonnes per annum[6] - The Group aims to leverage its technology advantage to expand its business into more areas of solid waste treatment, including thermal desorption of oil sludge and pyrolysis treatment[6] - The Group's hazardous waste incineration projects are spread across 18 cities in China[40] - The ongoing projects include various capacities, with the largest being 33,000 tonnes per annum for the Guangzhou East Area project[52] - The Group completed 4 hazardous waste incineration projects in 2021 with a total designed disposal capacity of approximately 107,000 tonnes per annum[40] - The Group has expanded its offerings to include thermal desorption of oil sludge and pyrolysis treatment of solid waste, leveraging its expertise in hazardous waste incineration[40] - The Group's strategic expansion into new areas of solid waste treatment reflects its commitment to comprehensive hazardous waste management solutions[40] Financial Performance - For the year ended December 31, 2021, the Group's revenue was RMB 561.7 million, an increase of 4.6% compared to RMB 536.8 million for the year ended December 31, 2020[21] - The Group's gross profit for the year ended December 31, 2021, was RMB 76.9 million, with a gross profit margin of 13.7%, representing a decrease of 7.2% and 1.7 percentage points from the previous year[22] - The net loss for the year ended December 31, 2021, was RMB 8.8 million, resulting in a net loss margin of 1.6%, compared to a net loss of RMB 7.4 million and a margin of 1.4% for the year ended December 31, 2020[22] - Loss attributable to owners of the Company was RMB 12.4 million for the year ended December 31, 2021, compared to RMB 10.9 million for the previous year[23] - Basic loss per share attributable to owners of the Company was RMB 0.009 for the year ended December 31, 2021, compared to RMB 0.008 for the year ended December 31, 2020[23] - Revenue from hazardous waste incineration solutions increased by 5% from RMB468.5 million for the year ended 31 December 2020 to RMB491.8 million for the year ended 31 December 2021[59] - Revenue from oilfield auxiliary services through the subsidiary Xinjiang Tiansheng amounted to RMB 49.6 million in 2021, compared to RMB 48.5 million in 2020[53] Assets and Liabilities - Total assets as of December 31, 2021, were RMB 864.0 million, with total liabilities of RMB 293.5 million[26] - The Group's equity attributable to owners was RMB 491.4 million as of December 31, 2021, down from RMB 505.3 million in the previous year[26] - Trade and note receivables decreased from RMB235.0 million as of December 31, 2020, to RMB204.8 million as of December 31, 2021, due to improved collection processes[84] - Trade payables increased from RMB152.0 million as of December 31, 2020, to RMB171.8 million as of December 31, 2021, due to increased procurement of equipment and materials[84] - As of December 31, 2021, the Group's borrowings amounted to RMB53.7 million, secured by the Group's assets and personal guarantees from controlling shareholders[87] Research and Development - The Group will continue to focus on technology innovation to maintain its advanced technology and strong R&D capability[6] - The Group's focus on R&D has led to successful applications of new technologies in solid waste treatment projects[40] - Research and development expenses decreased by 2.7% from RMB21.9 million in 2020 to RMB21.3 million in 2021, indicating stability in R&D spending[77] Corporate Governance - The Company has adopted the CG Code and has complied with it during the reporting period, except for a deviation from Code Provision C.2.1[168] - The Board currently comprises seven Directors, including four executive Directors and three independent non-executive Directors[177] - The independent non-executive Directors account for more than one-third of the Board members, ensuring compliance with Listing Rules[188] - The Company aims to enhance female representation on the Board, currently having no female Directors[183] - The Company considers all independent non-executive Directors to be independent based on their confirmations during the Period[188] Strategic Focus and Future Plans - The Group aims to capitalize on opportunities in the environmental protection industry and commercialize advanced solid waste treatment technologies in 2022[33] - The Group intends to leverage its capital strength to enter the solid waste treatment sector through technology cooperation, investment, and mergers and acquisitions[110] - The Group anticipates continued growth in demand for solid waste treatment driven by supportive national policies and the "Beautiful China initiative"[91] - The Group's future tasks include maximizing shareholder returns while capturing opportunities from environmental protection industry policies[99] Management Team - The management team includes experienced executives responsible for daily operations, project management, and research and development[128][130] - Mr. DENG has over 15 years of experience in solid waste treatment solutions, joining the Group in 2009 as chief engineer and deputy general manager[136] - The Group is committed to leveraging its management team's extensive experience in environmental science and financial services to drive growth[136]

/ 维滑环保 维 港 环 保 科 技 控 股 集 团 有 限 公 司 Weigang Environmental Technology Holding Group Limited ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (Incorporated in the Cayman Islands with limited liability) 股份代號 Stock Code: 1845 中期報告 202 INTERIM REPORT CONTENTS 目錄 CORPORATE INFORMATION 2 公司資料 FINANCIAL SUMMARY 6 財務概要 MANAGEMENT DISCUSSION AND ANALYSIS 7 管理層討論及分析 OTHER INFORMATION 21 其他資料 REPORT ON REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION 30 簡明綜合中期財務資料審閱報告 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND ...

的 维潜环保 维 港 环 保 科 技 控 股 集 团 有 限 公 司 Weigang Environmental Technology Holding Group Limited ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (Incorporated in the Cayman Islands with limited liability) 股份代號 Stock Code: 1845 F報 41 ANNUAL REPORT CONTENTS 目錄 | --- | --- | |-------------------------------------------------|------------------------| | | | | COMPANY PROFILE | 公司簡介 | | CORPORATE INFORMATION | 公司資料 | | FINANCIAL SUMMARY | 財務概要 | | CHAIRMAN'S STATEMENT | 董事長報告書 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層討論及分析 | | DIRE ...

线 维酒环保 维 港 环 保 科 技 控 股 集 团 有 限 公 司 Weigang Environmental Technology Holding Group Limited ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (Incorporated in the Cayman Islands with limited liability) 股份代號 Stock Code: 1845 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|----------------|-------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interim Report | 02 中期報告 | CONTENTS 目錄 CORPORAT ...

线 维港环保 维 港 环 保 科 技 控 股 集 团 有 限 公 司 Weigang Environmental Technology Holding Group Limited ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (Incorporated in the Cayman Islands with limited liability) 股份代號 Stock Code: 1845 2019 年報 Annual Report CONTENTS 目錄 | --- | --- | |-------------------------------------------------|------------------------| | | | | COMPANY PROFILE | 公司簡介 | | CORPORATE INFORMATION | 公司資料 | | FINANCIAL SUMMARY | 財務概要 | | CHAIRMAN'S STATEMENT | 董事長報告書 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層討論及分析 | | DI ...

《》维滑环保 维 港 环 保 科 技 控 股 集 团 有 限 公 司 Weigang Environmental Technology Holding Group Limited ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (Incorporated in the Cayman Islands with limited liability) 股份代號 Stock Code: 1845 中期報告 INTERIM REPORT CONTENTS 目錄 簡明綜合損益及其他全面收益表 CORPORATE INFORMATION 2 公司資料 FINANCIAL SUMMARY 6 財務概要 MANAGEMENT DISCUSSION AND ANALYSIS 8 管理層討論及分析 OTHER INFORMATION 22 其他資料 REPORT ON REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION 31 簡明綜合中期財務資料審閱報告 CONDENSED CONSOLIDATED STATEMENT OF PROFIT O ...

《 维潜环保 维 港 环 保 科 技 控 股 集 团 有 限 公 司 Weigang Environmental Technology Holding Group Limited ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (Incorporated in the Cayman Islands with limited liability) 股份代號 Stock Code: 1845 年報 ANNUAL REPORT 2 3 7 8 9 27 36 51 79 96 105 230 | --- | --- | |-------------------------------------------------|------------------------| | | | | COMPANY PROFILE | 公司簡介 | | CORPORATE INFORMATION | 公司資料 | | FINANCIAL SUMMARY | 財務概要 | | CHAIRMAN'S STATEMENT | 董事長報告書 | | MANAGEMENT DISCUSSION AND ANALYSIS | ...