Heng Hup Holdings Limited 興合控股有限公司 股份代號: 1891 （於開曼群島註冊成立的有限公司） INTERIM REPORT 2022 中期報告 Heng Hup Holdings Limited 中期報告 2022 目錄 公司資料 2 財務摘要 4 管理層討論與分析 5 權益披露 11 企業管治及其他資料 15 簡明綜合全面收益表 18 簡明綜合財務狀況表 19 簡明綜合權益變動表 21 簡明綜合現金流量表 22 簡明綜合財務報表附註 23 公司資料 | --- | --- | |-------------------------------------------|-------------------------------------------| | | | | 董事會 | 註冊辦事處 | | 執行董事 | Cricket Square | | | Hutchins Drive | | Sia Kok Chin 拿督（董事會主席兼行政總裁） | P.O. Box 2681 | | 拿督 | Grand Cayman KY1-1111 | | Sia Keng Leong ...

Financial Performance - The company reported a total revenue of 1,418.2 million MYR for the fiscal year ended December 31, 2021, representing a 63.3% increase from 868.3 million MYR in the previous year[20]. - The net profit attributable to the company owners was 25.5 million MYR, a significant increase of 202.4% compared to 8.4 million MYR in the fiscal year ended December 31, 2020[20]. - The company's gross profit for the fiscal year was 77.6 million MYR, compared to 49.0 million MYR in the previous year[12]. - The net profit after tax reached 25.4 million MYR, representing a significant growth of 202.4% compared to 8.4 million MYR for the fiscal year ending December 31, 2020[70]. - Other income rose from 2.8 million MYR in 2020 to 4.2 million MYR in 2021, primarily due to an increase in transportation income[90]. - The group's total equity attributable to shareholders was 206.8 million MYR as of December 31, 2021, compared to 184.2 million MYR in 2020[96]. Sales and Operations - The sales volume of ferrous scrap metal reached 701,846 tons, up 9.7% from 639,871 tons in the previous fiscal year[20]. - In the fiscal years 2020 and 2021, the company sold approximately 639,871 tons and 701,846 tons of ferrous scrap metal, accounting for 88.2% and 90.9% of total revenue, respectively[30]. - The sales volume of black scrap metal increased by 9.5% compared to the previous year, driven by strong demand and pricing[78]. - The company operates three scrap yards covering approximately 51,000 square meters, strategically located to ensure a steady supply of ferrous scrap metal[30]. - The company has a fleet of 67 trucks, with 52 trucks having a capacity of 20 tons or more, enabling timely logistics support for small and medium suppliers[30]. - During the COVID-19 pandemic in 2021, the company successfully delivered goods to steel mills without significant incidents, demonstrating effective logistics management[199]. Financial Position - Total assets increased to 280.0 million MYR from 228.8 million MYR in the previous year, reflecting a growth of 22.5%[17]. - The company's total liabilities rose to 73.2 million MYR, up from 44.5 million MYR in the previous year[17]. - The current ratio decreased to 3.6 times in 2021 from 5.1 times in 2020, indicating a tighter liquidity position[94]. - The debt-to-equity ratio increased to 16.7% in 2021 from 11.7% in 2020, reflecting higher borrowing levels[97]. - The company has sufficient liquidity and financial resources to meet operational funding needs and support future expansion plans[97]. Strategic Goals - The company aims to achieve sustainable profitability through cost reduction and operational efficiency improvements[19]. - The company plans to continue focusing on the growing demand for steel products in the market[20]. - The company aims to expand its business across the region and diversify its business portfolio, focusing on human resources strategy to enhance sustainability and competitiveness[25]. - The company plans to enhance operational efficiency and expand its supplier and customer base to strengthen its market position in the black scrap metal trade in Malaysia[71]. - The company is committed to reviewing its strategies to further improve operational efficiency and achieve greater success[26]. Governance and Management - The company recognizes the importance of good governance and aims to maintain its market leadership while providing substantial returns to shareholders[25]. - The board consists of five executive directors and three independent non-executive directors, ensuring compliance with listing rules regarding independent director appointments[124]. - The company has established three board committees: Audit and Risk Committee, Remuneration Committee, and Nomination Committee to oversee specific areas of corporate affairs[119]. - The company has adopted the corporate governance code to ensure proper regulation of business activities and decision-making processes, with a commitment to high standards of corporate governance[117]. - The company has implemented a diversity policy for board members, considering various factors such as gender, age, and professional experience in appointments[125]. Risk Management - The company has implemented various internal control and risk management policies, including asset depreciation provision management and inventory management policies[161]. - The Audit and Risk Committee reviews the financial reporting system and compliance procedures, ensuring the adequacy of resources and training for accounting and financial reporting functions[147]. - The company has established a policy for handling and disclosing inside information to prevent any individual from having an advantage in securities trading[163]. - The company faces minimal foreign exchange risk as most transactions, assets, and liabilities are denominated in Malaysian Ringgit[108]. Environmental, Social, and Governance (ESG) - The company emphasizes its role in the recycling industry, contributing to environmental protection and resource conservation[183]. - The ESG report outlines sustainability measures and highlights the impact of ESG initiatives on the company[183]. - Key ESG issues identified include energy efficiency, environmental compliance, employment, occupational health and safety, and corporate governance[198]. - The company is committed to continuous improvement in its ESG activities and compliance with regulations[189]. - The governance structure includes a board of directors, an audit and risk committee, and a working group to oversee sustainability efforts[187].

Heng Hup Holdings Limited 興合控股有限公司 股份代號: 1891 （於開曼群島註冊成立的有限公司） 2021 中期報告 | --- | --- | --- | --- | --- | --- | |----------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 公司資料 | | | | | 2 | | 財務摘要 | | | | | 4 | | 管理層討論與分析 | | | | | 5 | | 權益披露 | | | | | 11 | | 企業管治及其他資料 | | | | | 16 | | 簡明綜合全面收益表 | | | | | 20 | | 簡明綜合財務狀況表 | | | | | 21 | | 簡明綜合權益變動表 | | | | | 23 | | 簡明綜合現金流量表 | | | | | 24 | | 簡明綜合財務報表附註 | | | | | 25 ...

（於開曼群島註冊成立的有限公司） 股份代號 : 1891 2020 年度報告 目 錄 公司資料 2 董事會報告 46 財務摘要 4 綜合財務報表的獨立核數師報告 64 主席報告 6 綜合全面收益表 69 公司簡介 8 綜合財務狀況表 70 董事及高級管理層 10 綜合權益變動表 72 管理層討論與分析 15 綜合現金流量表 73 企業管治報告 22 綜合財務報表附註 74 環境、社會及管治報告 34 興合控股有限公司 年度報告 2020 香港主要營業地點 | --- | --- | |---------------------|--------------| | | | | Sai Shiow Yin | 女士（主席） | | Puar Chin Jong 先生 | | | | | | Chu Kheh Wee 先生 | | 2 公司資料 | --- | --- | |--------------------------------------------|-----------------------| | | | | 董事會 | 註冊辦事處 | | | | | | Hutchins Drive | | 執 ...

中期報告 2020 Heng Hup Holdings Limited 興合控股有限公司 股份代號: 1891 （於開曼群島註冊成立的有限公司） | --- | --- | |--------------------|----------------------| | | | | 公司資料 | | | 財務概覽 | | | 管理層討論與分析 | | | 權益披露 | | | 企業管治及其他資料 | | | 簡明綜合全面收益表 | | | 簡明綜合財務狀況表 | | | 簡明綜合權益變動表 | | | 簡明綜合現金流量表 | | | | 簡明綜合財務報表附註 | 25 26 2 4 5 11 16 20 21 23 公司資料 薪酬委員會 Sai Shiow Yin女士（主席） Puar Chin Jong先生 Chu Kheh Wee先生 | --- | --- | |-------------------------------------------|-------------------------------------------| | | | | 董事會 | 授權代表 | | 執行董事 | Sia ...

HMH Heng Hup Holdings Limited 興 合 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) 股份代號 : 1891 年 度 報 告 2019 0 Q ○ 0 公司資料 2 董事會報告 31 財務摘要 4 綜合財務報表的獨立核數師報告 47 主席報告 5 綜合全面收益表 52 公司簡介 6 綜合財務狀況表 53 董事及高級管理層 8 綜合權益變動表 55 管理層討論與分析 13 綜合現金流量表 57 企業管治報告 19 綜合財務報表附註 58 目 錄 0 ic C 公司資料 董事會 執行董事 獨立非執行董事 Sai Shiow Yin女士 Puar Chin Jong先生 Chu Kheh Wee先生 審核委員會 Sai Shiow Yin女士（主席） Puar Chin Jong先生 Chu Kheh Wee先生 薪酬委員會 提名委員會 公司秘書 Sia Kok Chin先生（董事會主席兼行政總裁） Sia Keng Leong拿督 Sia Kok Chong先生 Sia Kok Seng先生 Sia Kok Heong先生 Sai Shiow Yin女士（主席） Puar ...

Heng Hup Holdings Limited 興合控股有限公司 （於開曼群島註冊成立的有限公司） | --- | --- | --- | --- | --- | |-----------------|-------|-------|-------|---------------| | | | | | | | 股份代號: 1891 | | | | | | | | | | | | | | | | 2019 中期報告 | 目錄 公司資料 2 財務概覽 4 管理層討論與分析 5 權益披露 13 | --- | --- | --- | --- | --- | |----------------------|-------|-------|-------|-------| | | | | | | | 企業管治及其他資料 | 17 | | | | | 簡明綜合全面收益表 | 21 | | | | | 簡明綜合財務狀況表 | 22 | | | | | 簡明綜合權益變動表 | 24 | | | | | 簡明綜合現金流量表 | 26 | | | | | 簡明綜合財務報表附註 | 27 | | | | | | | | | | ...

Heng Hup Holdings Limited 興合控股有限公司 股份代號 :1891 （於開曼群島註冊成立的有限公司） 年度報告 2018 | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 目 錄 | | | | | | | | | | | | | | | | | | 公司資料 財務概覽 | 2 4 | | | | | | | | 主席報告 | 5 | | | | | | | | 公司簡介 | 6 | | | | | | | | 董事及高級管理層 | 8 | | | | | | | | 管理層討論與分析 | 13 | | | | | | | | | | | | | | | | | 企業管治報告 | 20 | | | | | | | | 董事會報告 | 31 | | | ...