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引致的任何損失承擔任何責任。 Future Bright Mining Holdings Limited 高 鵬 礦 業 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2212） 截至2023年6月30日止六個月 中期業績公告 及變更所得款項用途 高鵬礦業控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此提呈本公司及 其附屬公司（統稱「本集團」）截至2023年6月30日止六個月（「本期間」）的未經審核簡 明綜合中期業績，連同2022年同期比較數字如下： 中期簡明綜合損益表 截至2023年6月30日止六個月 2023年 2022年 （未經審核） （未經審核） 附註 人民幣千元 人民幣千元 收入 4 11,526 12,884 銷售成本 (11,480) (9,240) ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was approximately RMB 63.88 million, an increase of 158.99% compared to RMB 24.67 million in 2021[9]. - The gross profit for the year was approximately RMB 8.58 million, with a gross margin of 13.42%, compared to a gross profit of RMB 3.53 million and a gross margin of 14.31% in 2021[13]. - The company reported a net loss of RMB 8.93 million for the year, a 232.13% increase from a net loss of RMB 2.69 million in 2021[7]. - The sales cost increased by approximately 161.64% to RMB 55.31 million, primarily due to the costs associated with marble extraction and procurement[11]. - Other income and gains decreased to approximately RMB 490,000, down from RMB 3.13 million in 2021, mainly due to a drop in rental income from production machinery[14]. - The equity attributable to the owners of the company decreased by 11.84% to RMB 52.53 million from RMB 59.59 million in 2021[7]. - Loss attributable to owners of the company increased by 255.96% to approximately RMB 8,870,000 from RMB 2,490,000 in the previous fiscal year[22]. - The return on equity was -17.67%, down from -4.66% in 2021, indicating a decline in shareholder value[139]. - The cash inflow from financing activities for the year was RMB 5,276,000, compared to an outflow of RMB 1,139,000 in 2021, reflecting improved liquidity[139]. - The cash and bank balance as of December 31, 2022, was RMB 31,223,000, up from RMB 25,989,000 at the end of 2021[139]. - The board has recommended not to declare a final dividend for the year, reflecting a cautious approach to shareholder returns amid financial challenges[137]. - As of December 31, 2022, the company's share premium was RMB 130,899,000, while cumulative losses amounted to RMB (75,198,000), an increase in losses from RMB (66,645,000) in 2021[151]. - The group made charitable donations of approximately RMB 130,000 in the current year, compared to RMB 50,000 in 2021[153]. - The company has no distributable reserves as of December 31, 2022, due to cumulative losses recorded[151]. Revenue Sources - The average selling price of marble blocks increased by approximately 31.68% to RMB 4,215 per cubic meter, despite a decrease in sales volume[9]. - The marble business generated revenue of approximately RMB 7,560,000, a decrease from RMB 24,670,000 in the previous fiscal year, with sales volume dropping to 1,851 cubic meters from 4,257 cubic meters[25]. - The newly established coal trading subsidiary generated revenue of approximately RMB 56.32 million from sales of about 113,000 tons of coal, with no revenue reported in the previous year[10]. - The newly established coal trading subsidiary generated revenue of approximately RMB 56,320,000 from a sales volume of about 113,000 tons[26]. - The company believes that expanding its commodity trading business will diversify revenue sources and enhance financial performance[64]. Operational Challenges - The company has identified risks related to its reliance on a single mining project, which may impact its financial performance if there are delays or difficulties in the Yuduo Rock project's development[46]. - The company has faced operational risks including unexpected maintenance issues and natural disasters, which could significantly impact business operations and financial performance[51]. - The debt crisis among certain Chinese property developers has affected the overall market conditions, leading to order delays and reduced demand for marble materials[53]. - The renewal process for mining licenses has been delayed due to the ongoing impact of the COVID-19 pandemic, with no completion as of the report date[52]. - The company plans to expand its trade business beyond Hubei province to other regions in China to mitigate operational risks from city lockdowns[55]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance shareholder value and accountability[80]. - The board is responsible for the overall management of the group's operations, including financial monitoring and major investment decisions[84]. - The company has adopted a code of conduct for directors regarding the trading of company securities, ensuring compliance with regulations[81]. - The board of directors consists of 11 members, including 5 executive directors and 6 independent non-executive directors[88]. - The company has complied with listing rules by appointing at least three independent non-executive directors, representing at least one-third of the board[90]. - The attendance record for board meetings shows that the executive directors attended an average of 5 out of 7 meetings, while independent non-executive directors attended all meetings[91]. - The company emphasizes continuous professional development for all directors, encouraging participation in relevant training courses[93]. - The audit committee is composed entirely of independent non-executive directors and is responsible for reviewing financial information and risk management[97]. - The company has established three board committees: audit committee, remuneration committee, and nomination committee, to assist in governance[96]. - The board consists of ten members, with 40% being independent non-executive directors, ensuring critical oversight of management processes[109]. - The gender composition of the board is 80% male and 20% female, with a diverse age distribution among directors[110]. - The company has adopted a board diversity policy, considering various factors such as age, cultural background, and professional experience[107]. - The company ensures compliance with insider information disclosure responsibilities as per the Securities and Futures Ordinance[118]. Environmental and Social Responsibility - The company has adopted measures to minimize environmental impact, including land restoration and waste recycling[29]. - The company complied with all applicable laws and regulations in Hong Kong and China during the fiscal year[30]. - The company’s environmental, social, and governance report for 2022 will be disclosed by April 30, 2023[189]. Employee and Management Information - As of December 31, 2022, the group employed a total of 39 full-time employees in Hong Kong and China, an increase from 22 employees as of December 31, 2021[69]. - The senior management's salary ranges from HKD 0 to 1,500,000, with 3 individuals earning below HKD 1,000,000 and 1 individual earning between HKD 1,000,001 and HKD 1,500,000[120]. - The company secretary has completed no less than 15 hours of relevant professional training during the year[122]. Future Plans and Development - The company plans to recruit more professionals with mining industry expertise to support the development and management of the Yuduo Rock project[45]. - The company will continue to monitor changes in the mining and construction industries to identify profitable mining projects for further business development[49]. - The company plans to utilize approximately HKD 23,000,000 (equivalent to about RMB 20,000,000) for the construction of a processing factory by December 31, 2023, pending government approvals[142]. - The company is actively seeking other investment or business opportunities to diversify its revenue sources beyond the Yuduo Rock project[48]. Audit and Compliance - The company ensures that its financial statements reflect a true and fair view of its affairs, performance, and cash flows[95]. - The audit committee chair is Liu Shuyuan, who oversees the relationship with external auditors and internal control systems[97]. - The company’s external auditor is Liu Ouyang CPA Limited, responsible for ensuring the financial statements reflect the group's affairs accurately[114]. - The external auditor's fee for audit services amounted to RMB 941,000[115]. - The board is satisfied with the current risk management and internal control systems, which are regularly reviewed for effectiveness[116]. - The company has engaged an external professional firm to conduct an annual review of its risk management and internal control systems[116]. Shareholder Information - Shareholders can propose candidates for the board by submitting relevant documents at least seven days before the general meeting[126]. - The company has reviewed its shareholder communication policy and found it effective in achieving good communication with shareholders[124]. - The company has obtained directors and officers liability insurance for its directors and senior management[154]. - The company reported no significant interests held by directors in competing businesses during the year[167]. - The company has not entered into any significant contracts with its controlling shareholders during the year[170]. - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[43].

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引致的任何損失承擔任何責任。 Future Bright Mining Holdings Limited 高 鵬 礦 業 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2212） 截至2022年12月31日止年度 全年業績公告 主要財務摘要 2022年 2021年 人民幣千元 人民幣千元 變動 業績 收入 63,884 24,667 158.99% 毛利 8,575 3,529 142.99% 除稅前虧損 (7,800) (3,882) 100.93% ...

Financial Performance - The operating revenue for the six months ended June 30, 2022, was approximately RMB 12,880,000, a decrease of about 41.37% compared to RMB 21,970,000 for the same period in 2021[8]. - The company reported a loss attributable to owners of approximately RMB 4,000,000, a decline from a profit of RMB 2,400,000 in the previous period, mainly due to reduced gross profit and increased operating expenses[21]. - Revenue for the six months ended June 30, 2022, was RMB 12,884,000, a decrease of 41.0% compared to RMB 21,973,000 in 2021[92]. - Gross profit for the same period was RMB 3,644,000, down 34.5% from RMB 5,560,000 in 2021[92]. - The company reported a net loss of RMB 4,006,000 for the six months ended June 30, 2022, compared to a profit of RMB 2,320,000 in 2021[97]. - Total comprehensive loss for the period was RMB (2,921,000), compared to a total comprehensive income of RMB 1,965,000 in 2021[98]. - For the six months ended June 30, 2022, the company reported a pre-tax loss of RMB 4,017,000 compared to a profit of RMB 2,245,000 in the same period of 2021[110]. - The company reported a significant decrease in segment performance, with marble raw materials showing a loss of RMB (470,000) and commodity trading a profit of RMB 555,000[127]. - The company reported a loss attributable to equity holders of RMB 3,998,000 for the six months ended June 30, 2022, compared to a profit of RMB 2,396,000 for the same period in 2021[151]. Revenue Sources - The marble business generated revenue of approximately RMB 5,600,000 from the sale of 1,350 cubic meters of marble blocks, a significant decrease from RMB 21,970,000 in the previous period[22]. - The commodity trading business generated revenue of approximately RMB 7,280,000, marking a new revenue stream for the company[24]. - Segment revenue from marble raw materials was RMB 5,607,000, while commodity trading generated RMB 7,277,000, indicating a shift in revenue sources[127]. Cost and Expenses - The sales cost decreased from approximately RMB 16,410,000 for the six months ended June 30, 2021, to about RMB 9,240,000, a reduction of approximately 43.69%[10]. - Other operating expenses increased to approximately RMB 6,600,000, driven by bad debt write-offs of RMB 5,520,000 and a foreign exchange loss of RMB 1,040,000[18]. - Administrative expenses increased by approximately RMB 3,000,000 or 69.93% to about RMB 7,290,000, mainly due to additional exploration costs for renewing mining licenses[15]. - The cost of goods sold for the six months ended June 30, 2022, was RMB 9,240,000, a decrease of 43.5% from RMB 16,413,000 in the same period of 2021[144]. Assets and Liabilities - Non-current assets decreased to RMB 33,414,000 as of June 30, 2022, from RMB 34,068,000 as of December 31, 2021[100]. - Current assets increased to RMB 34,038,000 as of June 30, 2022, compared to RMB 33,247,000 as of December 31, 2021[100]. - Total liabilities increased to RMB 12,722,000 as of June 30, 2022, with segment liabilities from marble raw materials at RMB 24,648,000 and commodity trading at RMB 2,903,000[132]. - Current liabilities rose to RMB 9,583,000 as of June 30, 2022, from RMB 6,405,000 as of December 31, 2021[100]. Cash Flow and Financing - The net cash flow from operating activities for the first half of 2022 was RMB 435,000, a decrease from RMB 1,229,000 in the prior year[112]. - The company recorded a net cash inflow from investing activities of RMB 3,419,000, significantly up from RMB 821,000 in the same period last year[112]. - The company’s cash flow from financing activities showed a net inflow of RMB 153,000, recovering from a net outflow of RMB 420,000 in the previous year[114]. - Cash and cash equivalents increased by RMB 4,007,000, reaching a total of RMB 30,051,000 as of June 30, 2022, compared to RMB 27,276,000 at the end of the previous year[114]. Corporate Governance - The company has complied with the corporate governance code applicable during the period and will continue to enhance its governance practices[69]. - The board of directors confirmed compliance with the standard code of conduct regarding securities transactions during the period[71]. - The company is committed to maintaining high levels of corporate governance to enhance shareholder value and transparency[69]. - The audit committee, composed of independent non-executive directors, reviewed the financial performance and confirmed compliance with relevant accounting standards[90]. Future Outlook and Strategy - The company plans to implement strategies to mitigate the impact of the COVID-19 pandemic, ensuring employee safety and stable operations[38]. - The company remains cautiously optimistic about the future of its marble business, actively seeking new customers and anticipating stable growth in the coming years[40]. - The group expects to diversify its revenue sources in the second half of the year due to new trade contracts[45]. - The group has identified and is evaluating potential acquisition opportunities as part of its growth strategy[44]. Shareholder Information - As of June 30, 2022, the beneficial owner Li Yuguo holds approximately 2,388,995,000 shares, representing 54.44% of the company's total shares[74]. - Zhongke Jiutai Resource Utilization Technology Co., Ltd. holds 2,288,235,000 shares, accounting for 52.14% of the company's shares, and is fully owned by Zhongke Jiutai Technology Group Co., Ltd.[79]. - The total issued and paid-up share capital remained unchanged at RMB 3,524 thousand, with 4,388,580,000 shares issued as of June 30, 2022[164].

Financial Performance - The company's revenue for the fiscal year ended December 31, 2021, was approximately RMB 24.67 million, an increase of 21.82% compared to RMB 20.25 million in 2020[10]. - The gross profit for the year was approximately RMB 3.53 million, with a gross margin of 14.31%, compared to a gross loss of RMB 2.11 million in 2020, which had a gross margin of -10.41%[17]. - The annual loss for the company was RMB 2.69 million, a decrease of 77.21% from a loss of RMB 11.8 million in 2020[8]. - The average selling price of marble blocks increased by approximately 24.02% to RMB 3,201 per cubic meter in 2021, compared to RMB 2,581 per cubic meter in 2020[8]. - The sales cost decreased by approximately 5.46% to RMB 21.14 million in 2021 from RMB 22.36 million in 2020[12]. - Loss attributable to owners of the company narrowed by 78.82% to approximately RMB 2,490,000 from RMB 11,760,000 in the 2020 fiscal year, driven by increased revenue and effective cost control[25]. Assets and Liabilities - The total assets of the company decreased by 7.70% to RMB 67.32 million in 2021 from RMB 72.93 million in 2020[8]. - The company’s equity attributable to owners decreased by 5.51% to RMB 59.59 million in 2021 from RMB 63.07 million in 2020[8]. - As of December 31, 2021, the company had cash and cash equivalents of approximately RMB 25,990,000, a slight increase from RMB 25,730,000 on December 31, 2020[81]. - The current ratio as of December 31, 2021, was approximately 5.19 times, compared to 5.2 times on December 31, 2020, indicating stable liquidity[81]. - The company has no borrowings as of December 31, 2021, resulting in an asset-to-equity ratio that is not applicable[81]. Operational Performance - The marble business generated revenue of approximately RMB 24,670,000, with a total production of 6,182 cubic meters and sales of 4,257 cubic meters of marble blocks[31]. - The group recorded development expenditures of approximately RMB 8,100,000 for the expansion of the Yiduo Rock Marble Mine during the year[42]. - The mining activities incurred expenses of approximately RMB 13,410,000, with a cost of approximately RMB 2,169 per cubic meter, a decrease from RMB 2,758 per cubic meter in the previous fiscal year[44]. - The Yiduo Rock project has a permitted annual production capacity of 20,000 cubic meters, with the mining license renewal process expected to be completed by June 30, 2022[46]. - The group did not conduct any further mineral exploration work during the year, resulting in no exploration expenditures[38]. Cost Management - Administrative expenses decreased by approximately RMB 3,710,000 or 28.43% to about RMB 9,340,000 from RMB 13,050,000 in the 2020 fiscal year, due to effective cost control measures[20]. - Sales and distribution expenses for the year were approximately RMB 120,000, down from RMB 130,000 in the 2020 fiscal year, with most expenses reduced to a minimum level for cost control[19]. - Other operating expenses decreased by approximately 30.77% to about RMB 180,000 from RMB 260,000 in the 2020 fiscal year, primarily due to donations during the COVID-19 pandemic[23]. - Financial costs decreased to approximately RMB 180,000 from RMB 210,000 in the previous fiscal year, attributed to more favorable lease terms for office space[24]. Corporate Governance - The board of directors has maintained compliance with the listing rules, appointing at least three independent non-executive directors, constituting at least one-third of the board[99]. - The board held regular meetings to discuss significant matters related to current and new business operations, ensuring effective governance[101]. - The company encourages all directors to participate in suitable continuous professional development to enhance their knowledge and skills[106]. - The board's composition includes a mix of executive and independent non-executive directors, ensuring a balance of expertise and oversight[98]. - The audit committee is composed entirely of independent non-executive directors, ensuring objectivity in financial reporting and internal controls[127]. Risk Management - The group has identified key risks, including limited mining talent and reliance on the Yiduo Rock project for revenue generation[53]. - The group did not use financial instruments for hedging against currency risks this year, focusing on monitoring foreign currency risks and taking necessary measures to reduce currency risk at reasonable costs[90]. - The company has implemented a robust internal control and risk management system, which is regularly reviewed by the board to ensure effectiveness[146]. Future Plans - The company aims to become a well-known marble block supplier in China, planning to develop the Yiduo Rock project and expand its marble trading business to meet customer demand[74]. - The company plans to diversify its revenue sources through new trade contracts and is actively seeking attractive opportunities in commodity trading[79]. - The company plans to appoint a suitable candidate for the chairman position, which has been vacant since March 2020[99]. - The company intends to utilize approximately HKD 2,800,000 from the remaining proceeds for general operating funds before the end of June 2022[179]. Employee and Community Engagement - The company employed a total of 22 full-time employees as of December 31, 2021, an increase from 20 employees on December 31, 2020[83]. - The company achieved zero customer complaints during the year, maintaining a strong focus on quality control[169]. - The company has established a system to monitor and record occupational safety statistics, achieving zero work-related injuries[169]. - The company made charitable donations of approximately RMB 50,000 during the year, compared to RMB 140,000 in 2020[185].

Future Bright Mining Holdings Limited 高 鵬 礦 業 控 股 有 限 公 司 (於閱曼群島註冊成立的有限公司) (股份代號：2212) 中 期 報 告 2 0 2 1 目錄 頁次 公司資料 2 管理層討論及分析 4 其他資料 17 中期簡明綜合損益表 23 中期簡明綜合全面收益表 25 中期簡明綜合財務狀況表 26 中期簡明綜合權益變動表 28 中期簡明綜合現金流量表 29 中期簡明綜合財務資料附註 32 公司資料 | --- | --- | |------------------------|---------------------| | | | | 董事 | 註冊辦事處 | | 執行董事 | Cricket Square | | 李玉國 （行政總裁） | Hutchins Drive | | 劉恩賜 | P.O. Box 2681 | | 呂斌 | Grand Cayman | | 楊小強 （副主席） | KY1-1111 | | 楊曉秋附註 1 | Cayman Islands | | 獨立非執行董事 | 審核委員會 | | 陳遜 | 劉書艷 （主席） | | 張 ...

Future Bright Mining Holdings Limited 高 鵬 礦 業 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) (股份代號：2212) 2020 目錄 頁次 公司資料2 主要財務摘要4 管理層討論及分析5 企業管治報告 17 董事會報告 31 董事及高級管理層履歷詳情 44 獨立核數師報告 47 綜合損益表 53 綜合全面收益表 54 綜合財務狀況表 55 綜合權益變動表 56 綜合現金流量表 57 財務報表附註 59 財務概要 128 公司資料 董事 執行董事 劉婕（主席）附註1 李玉國（行政總裁）附註2 劉恩賜附註3 呂斌附註4 胡明龍附註5 饒大程附註6 楊小強（副主席）附註7 楊曉秋 獨立非執行董事 陳遜 張怡軍 劉智鵬教授太平紳士 劉書艷 公司秘書 胡可為 香港主要營業地點 香港上環 干諾道中168–200號 信德中心西座 36樓3603室 總部及中國主要營業地點 中國湖北省 襄陽市南漳縣 城關鎮 水鏡大道207號 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Ca ...

Financial Performance - The operating revenue for the six months ended June 30, 2020, was approximately RMB 2,690,000, an increase of about 144.73% compared to RMB 1,100,000 for the same period in 2019[9]. - The gross profit increased to approximately RMB 1,020,000 with a gross margin of 37.78%, compared to a gross loss of RMB 910,000 and a gross margin of -82.91% for the same period in 2019[12]. - The company reported a loss attributable to owners of approximately RMB 7,690,000 for the period, a decrease from RMB 11,640,000 in the previous six months, primarily due to increased gross profit and reduced expenses[22]. - The company reported a pre-tax loss from continuing operations of RMB 7,796,000, an improvement from a loss of RMB 12,279,000 in the prior year, reflecting a reduction of 36%[128]. - The net loss attributable to the company’s owners for the period was RMB 7,693,000, compared to RMB 11,639,000 in 2019, showing a reduction of 33.3%[130]. - The company reported a significant reduction in unallocated corporate expenses from RMB 7,108,000 in 2019 to RMB 5,934,000 in 2020, a decrease of approximately 16%[178]. Cost Management - The sales cost decreased from approximately RMB 2,010,000 for the six months ended June 30, 2019, to about RMB 1,680,000, a reduction of approximately 16.75%[10]. - Administrative expenses decreased significantly by approximately RMB 3,300,000 or 33.87% to about RMB 6,440,000 from RMB 9,740,000 for the six months ended June 30, 2019[16]. - The cost of goods sold for the period was RMB 1,675,000, down from RMB 2,012,000 in the previous year, a reduction of 16.7%[194]. - Employee costs, including director remuneration, totaled RMB 3,308,000, compared to RMB 3,833,000 in H1 2019, reflecting a decrease of 13.7%[194]. - The interest expense on lease liabilities was RMB 90,000, down from RMB 194,000, a reduction of 53.7%[192]. Revenue Sources - The marble business generated revenue of approximately RMB 2,690,000 during the period, compared to RMB 1,100,000 in the previous six months, despite operational disruptions caused by COVID-19[23]. - The company generated rental income of approximately RMB 190,000 from leasing production machinery during the period[13]. - Revenue from external customers for the six months ended June 30, 2020, was RMB 2,692,000, compared to RMB 1,100,000 for the same period in 2019, representing a 144% increase[178]. Asset Management - Total assets as of June 30, 2020, were RMB 95,501,000, down from RMB 103,284,000 as of December 31, 2019, indicating a decrease of 7.5%[135]. - Current assets decreased to RMB 37,340,000 from RMB 39,706,000, a decline of 5.9%[135]. - The company’s cash and cash equivalents decreased significantly from RMB 31,898,000 to RMB 10,922,000, a drop of 65.8%[135]. - The segment assets for marble blocks increased from RMB 34,408,000 as of December 31, 2019, to RMB 47,926,000 as of June 30, 2020, marking a 39% increase[183]. Investment and Future Plans - The company plans to increase the annual production capacity of the Yiyuan project to 200,000 cubic meters to meet future order demands, pending government approval[37]. - The company plans to streamline its structure and seek investment opportunities in promising enterprises to enhance cash flow and shareholder returns[48]. - The company intends to use the remaining funds of approximately HKD 23 million for the construction of a processing plant by December 31, 2021[94]. - The company plans to continue its focus on mining and selling marble blocks and related products, as well as engaging in ore commodity trading[166]. Corporate Governance - The company remains committed to high levels of corporate governance to enhance shareholder value and transparency[102]. - The board has resolved not to declare an interim dividend for the six months ended June 30, 2020[78]. - The audit committee reviewed the financial performance and confirmed compliance with accounting standards[126]. - The board of directors confirmed compliance with the standard code during the reporting period[111]. Market Outlook - The company maintains a cautious outlook on the stock market for 2020, focusing on diversifying its investment portfolio to reduce concentration risk and enhance returns for shareholders[54]. - The group anticipates that retail and corporate sales will recover, although still below last year's levels, as COVID-19 impacts continue into Q3 2020[64]. - The company will continue to monitor the impact of COVID-19 on its financial condition and operational performance, actively seeking investment opportunities to expand its asset and revenue base[56].

Financial Performance - The company's revenue for the year ended December 31, 2019, was approximately RMB 6,140,000, a decrease of 84.16% compared to RMB 38,750,000 in 2018[8]. - Gross profit for the year was approximately RMB 2,310,000, with a gross margin of 37.71%, down from RMB 8,510,000 and a gross margin of 21.95% in 2018, representing a decline of 72.86%[10]. - The loss from continuing operations before tax was RMB 25,910,000, an improvement of 44.51% from a loss of RMB 46,695,000 in the previous year[5]. - The company reported a net loss of RMB 20,474,000 for the year, a reduction of 58.77% compared to a net loss of RMB 49,653,000 in 2018[5]. - The total assets decreased by 34.51% to RMB 73,333,000 from RMB 111,971,000 in 2018[5]. - The average selling price of marble blocks (excluding VAT) dropped by 52.54% to RMB 1,222 from RMB 2,575 in 2018[5]. - Other income and gains increased significantly to approximately RMB 2,410,000 from RMB 460,000 in 2018, mainly due to the sale of subsidiaries[11]. - The company recorded a net loss attributable to owners of approximately RMB 18,820,000 for the year, a decrease from a loss of RMB 49,530,000 in the previous fiscal year, primarily due to better cost control[19]. - Financial costs increased significantly from approximately RMB 70,000 in the previous fiscal year to about RMB 390,000 this year, attributed to the adoption of IFRS 16 regarding leases[18]. Operational Highlights - The marble and related business generated revenue of approximately RMB 6,140,000, with 4,024 cubic meters of marble blocks produced and 5,337 cubic meters sold during the year[26]. - The company achieved a total marble block production of 4,024 cubic meters for the year, laying a solid foundation for future mining operations[39]. - The company has terminated its lending business due to intense market competition and related risks, with no revenue generated from this segment this year, compared to approximately RMB 1,360,000 in the previous fiscal year[28][29]. - The company has entered into distribution agreements to enhance sales channels for marble, aiming to increase market recognition and reduce sales and distribution costs[26]. - The company anticipates steady growth in demand for marble in the coming years due to improved sales strategies and market trends[26]. Asset Management - The company recorded a net impairment loss on financial assets of approximately RMB 2,550,000, down from RMB 3,330,000 in 2018[15]. - The company did not incur any impairment losses for non-financial assets this year, compared to impairment losses of approximately RMB 16,110,000 and goodwill impairment of about RMB 4,450,000 in the previous fiscal year[22]. - The fair value loss on equity investments amounted to approximately RMB 2,860,000, compared to a loss of RMB 2,340,000 in the previous fiscal year[16]. - The company reported a total expenditure of approximately RMB 2,816,771 for mining activities during the year, with a cost of about RMB 700 per cubic meter, a decrease from RMB 1,254 per cubic meter in the previous fiscal year[40]. - The group held significant investments in listed companies, with a total investment cost of HKD 2,692,959, resulting in an unrealized loss of HKD 615,493 for the year[77]. Corporate Governance - The company is committed to maintaining high corporate governance standards to enhance shareholder value and transparency[95]. - The board of directors has not consistently provided 14 days' notice for meetings, which is a deviation from corporate governance code requirements[96]. - All directors confirmed compliance with the standard code of conduct for securities trading during the year[103]. - The board of directors has complied with the listing rules by appointing at least three independent non-executive directors, constituting at least one-third of the board[106]. - The board consists of ten directors, with four being independent non-executive directors, enhancing critical oversight of management processes[127]. Risk Management - The mining industry is inherently high-risk, with various factors such as geological conditions and natural disasters potentially impacting operations and profitability[53]. - The company has a limited number of customers, with a significant portion of revenue dependent on a few key clients, posing a risk if any major customer reduces orders or terminates contracts[57]. - The company plans to expand its customer base and reduce production rates to mitigate risks associated with potential market demand weakness[61]. - The board is committed to implementing stricter internal control and risk management procedures in the new fiscal year[132]. - The company has no internal audit function and has engaged an external professional firm for an annual review of risk management and internal control systems[134]. Future Plans - The company aims to become a well-known supplier of marble raw materials in China and is actively seeking to increase annual production capacity at the Yuduo Rock project[63]. - The company plans to invest approximately HKD 23,000,000 in the construction of a processing plant in the stone industry park in Nanzhang County, China, with construction procedures currently being arranged with government authorities[161]. - The company plans to utilize the remaining net proceeds of approximately RMB 19,900,000 for the development of the Yiduo Rock project by the end of 2020[158]. - The expected timeline for the land designated for the processing plant to be available is around June 2020, but delays are anticipated due to the COVID-19 outbreak[164]. - The company is exploring selective acquisition opportunities to enhance its business development, particularly in non-ferrous metal minerals and processing technology[63]. Employee and Compensation - The group employed approximately 39 full-time employees as of December 31, 2019, down from 50 in the previous fiscal year[72]. - Senior management compensation for the year ending December 31, 2019, included 2 individuals earning between HKD 0 to 1,000,000 and 1 individual earning between HKD 1,000,001 to 1,500,000[138]. - The employee compensation policy is determined by the board based on performance, qualifications, and capabilities[192]. Shareholder Information - The company has established a system to monitor and record occupational safety, achieving zero work-related injuries[153]. - The company has made in-kind donations of approximately RMB 35,000 during the year, compared to cash donations of RMB 950,000 in the previous year[170]. - The company has no existing agreements that grant any preferential purchase rights for issuing new shares[196]. - The company has complied with the corporate governance code as per the listing rules for the year[197]. - The company has maintained the minimum public float required by the listing rules throughout the year[198].

Financial Performance - The operating revenue for the six months ended June 30, 2019, was approximately RMB 1,100,000, a significant decrease of about 94.17% compared to RMB 18,860,000 for the same period in 2018[34]. - The gross loss for the period was approximately RMB 910,000, with a gross margin of -82.91%, compared to a gross profit of RMB 3,110,000 and a gross margin of 16.47% for the same period in 2018[37]. - The loss attributable to owners of the company for the period was approximately RMB 11,640,000, a decrease from RMB 11,880,000 for the same period in 2018[47]. - Revenue for the six months ended June 30, 2019, was RMB 1,100,000, a significant decrease of 94.2% compared to RMB 18,862,000 in the same period of 2018[135]. - Gross loss for the same period was RMB 912,000, compared to a gross profit of RMB 3,106,000 in 2018, indicating a shift in financial performance[135]. - The net loss from continuing operations before tax was RMB 12,279,000, slightly higher than the loss of RMB 11,751,000 in the previous year, reflecting ongoing challenges[135]. Revenue and Expenses - The cost of sales decreased from approximately RMB 15,760,000 to about RMB 2,010,000, a reduction of approximately 87.25%[35]. - Other income and gains increased significantly to approximately RMB 810,000 from RMB 170,000, an increase of about RMB 640,000[38]. - Selling and distribution expenses were approximately RMB 10,000, a decrease from RMB 4,530,000, representing only 0.73% of the revenue for the period[39]. - Administrative expenses slightly decreased by approximately RMB 630,000 or 6.08% to about RMB 9,740,000[41]. - Financial costs increased from approximately RMB 40,000 to about RMB 230,000 due to the adoption of IFRS 16[46]. Business Operations - The group is in the process of selling two joint ventures related to commodity trading, resulting in no revenue from that segment during the period[34]. - The marble business generated revenue of approximately RMB 1,100,000 during the period, compared to RMB 1,860,000 for the six months ended June 30, 2018[48]. - A total of 601 cubic meters of marble blocks were produced, and 1,914 cubic meters were sold during the period[48]. - The company plans to continue developing the Yiduo Rock project, which has a mining capacity of 20,000 cubic meters per year for a duration of 10 years[52]. - The cost of mining activities was approximately RMB 1,280,000, with an expenditure of about RMB 2,138 per cubic meter, an increase from RMB 1,006 per cubic meter for the same period in 2018[58]. - The company aims to enhance product recognition and market presence by appointing a distributor for all sales and distribution activities[61]. - The company is actively seeking targeted acquisition opportunities to expand its marble resource and reserves in China[62]. - The marble business segment has adjusted its operations to sell exclusively to distributors, minimizing sales and distribution expenses[48]. - The company anticipates steady growth in marble demand in the coming years due to increased market exposure and recognition[48]. - No revenue was generated from the commodity trading business during the period, compared to RMB 17,000,000 for the six months ended June 30, 2018[50]. - The company has terminated its lending business due to market challenges and is focusing on its core operations[51]. Investments and Financial Position - The group holds significant investments in listed companies, with a total fair value of approximately HKD 4,965,565,000 as of June 30, 2019, resulting in a loss of HKD 1,220,715,000 during the period[64]. - The group plans to continue seeking attractive investment opportunities to enhance shareholder returns, particularly in companies benefiting from the "Belt and Road" initiative and the Greater Bay Area[68]. - The group completed the sale of various subsidiaries, including the sale of 51% of Gao Peng Manganese Co., Ltd. for HKD 5,650,000, with the transaction deadline extended to September 30, 2019[92][93]. - The group's liquidity is primarily allocated to mining development and operations, funded through shareholder contributions and cash generated from business operations[94]. - As of June 30, 2019, the group had cash and cash equivalents of approximately RMB 29,130,000, a significant increase from RMB 2,660,000 as of December 31, 2018[96]. - The current ratio as of June 30, 2019, was approximately 7.49 times, up from 5.51 times as of December 31, 2018, indicating improved liquidity[96]. - The total employee cost for the period was approximately RMB 3,830,000, with around 40 full-time employees in Hong Kong and China[99]. - The company reported a basic and diluted loss per share of RMB 0.30 for the period, consistent with the loss per share of RMB 0.31 in 2018[137]. - The company experienced a foreign exchange gain of RMB 463,000, compared to a gain of RMB 792,000 in the previous year, reflecting currency fluctuations[144]. Corporate Governance and Compliance - The board has resolved not to declare an interim dividend for the six months ended June 30, 2019, consistent with the previous year[89]. - The company is committed to maintaining high standards of corporate governance to enhance shareholder value and transparency[119]. - The company’s independent non-executive directors are expected to actively participate in board meetings and shareholder meetings[120]. - The company has adopted the standards for directors' securities trading as per the listing rules, confirming compliance during the reporting period[122]. - The company did not buy, sell, or redeem any of its listed securities during the reporting period[123]. - There were no significant events requiring disclosure from June 30, 2019, to the report date[132]. Accounting Standards and Financial Reporting - The financial statements for the six months ending June 30, 2019, are prepared in accordance with International Accounting Standard 34, ensuring compliance with international financial reporting standards[174]. - The adoption of IFRS 16 has been implemented using a modified retrospective approach, affecting the accounting treatment of leases from January 1, 2019[180]. - The company has not restated comparative figures for 2018 under IFRS 16, continuing to report based on IAS 17[180]. - The new definition of leases under IFRS 16 applies only to contracts entered into or modified after January 1, 2019, impacting future lease accounting[181]. - The company has chosen not to separate non-lease components from lease components, treating them as a single lease component for accounting purposes[181]. - The adoption of IFRS 16 resulted in an increase of RMB 1,859,000 in right-of-use assets[187]. - Total assets increased by RMB 1,850,000 due to the recognition of lease liabilities[187]. - Lease liabilities increased by RMB 1,850,000 as of January 1, 2019, reflecting the present value of remaining lease payments[187]. - The weighted average incremental borrowing rate used on January 1, 2019, was 8%[193]. - The company opted for short-term lease exemptions for leases with a term of twelve months or less[189]. - The new accounting policy for right-of-use assets includes initial direct costs and adjustments for any lease incentives received[194]. - The company has determined that it does not have renewal options for its building leases, thus renewal periods are not included in the lease term[199].