作为集团采用创新的"彭州模式"+"城市油田"的方式进行建设及运营的旗舰项目，该项目开创餐厨垃圾 管理的新模式。该项目将突破传统处理方式，实现推行全面商业化运营，走在中国餐厨垃圾处理行业的 前列。 该项目策略性地位于苏沪地区的中心位置，充分利用海门的地理优势，将成为本集团新型餐厨垃圾收 集、运输及处理系统的标杆。倘该项目初期阶段显示处理能力不足以应付海门区每天产生的食品垃圾 (餐厨垃圾)量，公司计划随后投资该项目的第二阶段，而该项投资将取决于初期阶段投产后的营运表 现。该项目将大大推动集团在国内的业务拓展工作。 此外，公司亦将成立项目公司(为全资附属公司)以营运及实施该项目。该协议的实施以公司合法取得该 项目的特许经营权为前提。 集团的运营管理团队于环保行业拥有逾20年的丰富经验，在投资、建设及运营管理方面具有深厚的专业 知识。其业务范畴涵盖(其中包括)食品垃圾(商业╱餐厨垃圾)处理、病死及染疫畜禽无害化处理、废油 回收，以及新能源╱新材料等领域。该协议的签订标志着食品垃圾(餐厨垃圾)处理项目正式启动。 格隆汇6月24日丨创业集团控股(02221.HK)公告，于2025年6月24日，公司与海门经济技术开发区订立 ...

5月30日，截至港股收盘，恒生指数下跌1.2%，报23289.77点。创业集团控股（02221.HK）收报0.053港 元/股，上涨39.47%，成交量8844.8万股，成交额445.52万港元，振幅50.0%。 最近一个月来，创业集团控股累计涨幅2.7%，今年来累计跌幅65.45%，跑输恒生指数17.51%的涨幅。 财务数据显示，截至2024年9月30日，创业集团控股实现营业总收入3.27亿元，同比增长17.97%；归母 净利润-1339.7万元，同比减少130.58%；毛利率9.35%，资产负债率62.2%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，建筑行业市盈率（TTM）平均值为11.15倍，行业中值1.58倍。创业集团控股市盈率-11 倍，行业排名第148位；其他浦江国际（02060.HK）为1.01倍、饮食天王(环球)（08619.HK）为1.49 倍、进升集团控股（01581.HK）为1.51倍、靛蓝星（08373.HK）为1.58倍、中国管业（00380.HK）为 1.66倍。 资料显示，创业集团(控股)有限公司是香港交易所主板上市公司(股票编号:2221),主营业务为 ...

Financial Performance - Consolidated revenue for the six months ended September 30, 2024, was HK$362.3 million, representing a 17.9% increase from HK$307.1 million in the same period of 2023[18] - Gross profit decreased to HK$33.9 million, down 17.0% from HK$40.8 million in the previous year[18] - Loss attributable to the owners of the Company was HK$14.9 million, a 130.6% increase compared to a loss of HK$6.4 million in 2023[18] - Losses per share increased to HK(0.92) cents, compared to HK(0.42) cents in the prior year, reflecting a 119.0% increase[18] - Other income and gains decreased from approximately HK$8.8 million to HK$3.1 million, primarily due to a reduction in government grants[113] - Administrative expenses decreased from approximately HK$52.6 million to HK$49.5 million, mainly due to a decrease in share option expenses[114] - Finance costs increased from approximately HK$6.4 million to HK$8.5 million due to a rise in the Group's overall borrowing level[115] - The Group's revenue increased by approximately 18.0% to approximately HK$362.3 million for the period, compared to HK$307.1 million in the previous period[111] - Loss attributable to owners of the Company was approximately HK$14,856,000, compared to a loss of approximately HK$6,443,000 in the corresponding period[112] Construction Business - Revenue from the construction business amounted to approximately HK$313.8 million, a 20.5% increase from HK$260.5 million in 1H2023, driven by an increase in sizable projects[22] - As of September 30, 2024, the Group had 9 projects in progress with an aggregate contract value of approximately HK$2,372.89 million[31] - No projects were completed during the Period[30] - All projects in progress are considered to be on schedule, with no expected indemnification to third parties or increase in contingent liabilities[31] - The construction industry continues to face challenges with increasing operational costs and competition, prompting the Group to strengthen cost control measures[106] Environmental Protection Business - The Group's environmental protection business includes harmless waste treatments and the development of environmental protection industrial parks in Mainland China[20] - Revenue from the Environmental Protection Business increased by approximately 4.1% to approximately HK$48.5 million for the Period, compared to HK$46.6 million in 1H2023[38] - Revenue generated from kitchen waste treatment amounted to HK$33.9 million during the Period, down from HK$38.1 million in 1H2023, mainly due to construction revenue from Xuancheng Plant[38] - The Group's environmental protection initiatives include harmless waste treatments, development of environmental protection industrial parks, and new energy materials[38] - The Company is exploring new technologies and strategies to enhance its environmental protection services[20] Future Outlook - Future outlook includes continued investment in large-scale projects to drive revenue growth in the construction sector[22] - The management anticipates a positive outlook for the next fiscal year, driven by new product launches and market strategies[178] - The company plans to continue expanding its market presence and product offerings in the upcoming quarters[178] - The Group is focused on developing and managing an environmental protection industrial park, with ongoing investments in technology projects[80] Share Option Scheme - The 2023 Share Option Scheme was adopted with a life of 10 years from May 30, 2023, aimed at motivating eligible participants and recognizing their contributions[141] - The 2014 Share Option Scheme was adopted for 10 years starting from August 26, 2014, and was terminated on May 30, 2023, when the 2023 Share Option Scheme was adopted[146] - The subscription price for options under both schemes is determined by the Board and must be at least the higher of the closing price on the grant date, the average closing price over the previous five business days, or the nominal value of a share[150] - All options granted under the 2023 Share Option Scheme will have a minimum vesting period of 12 months, subject to the Board's discretion to shorten it[151] - The total number of shares issued upon exercise of options in any 12-month period shall not exceed 1% of the shares in issue, requiring shareholder approval for any excess[156] Corporate Governance and Compliance - The Company is committed to ensuring compliance with share option regulations and maintaining transparency in its option grants[156] - The management emphasizes the importance of maintaining accurate financial reporting and transparency in operations[196] - The company has no arrangements enabling directors to acquire benefits through the acquisition of shares or debentures of the company or any associated corporation[189] Acquisitions and Investments - The Group acquired 100% equity interest in Shanxi Tianhe BioTechnology Co., Ltd for a consideration of RMB1,000,000, with the formal registration of transfer completed in May 2024[77] - The Group received a cash refund of RMB36 million from Qingqin International Group Limited as part of a settlement agreement regarding the prior acquisition of Clear Industry[96] - The acquisition of Zaozhuang High Energy Materials was completed in September 2024, and it is accounted for as an associate in the Group's financial statements[93] Employee and Operational Metrics - The total staff costs for the period were approximately HK$52.6 million, compared to HK$56.6 million for the six months ended September 30, 2023[132] - The company had 398 employees as of September 30, 2024, an increase from 363 employees as of March 31, 2024[132] - The Group's obligations under the joint venture agreement with Yisheng Zhihui were fully discharged upon completion of the liquidation[84]

Financial Performance - Revenue for the six months ended September 30, 2024, increased to HK$362.3 million, up 18% from HK$307.1 million in the same period last year[10] - Gross profit decreased to HK$33.9 million, a decline of 17% compared to HK$40.8 million in the previous year[10] - Loss for the period amounted to HK$20.1 million, compared to a loss of HK$9.3 million in the same period last year, representing a 116% increase in losses[11] - Basic and diluted loss per share attributable to the owners of the Company was HK$0.92, compared to HK$0.42 in the previous year, reflecting a 119% increase in loss per share[11] - The Company reported a total comprehensive loss of HK$13.3 million for the period, compared to a loss of HK$30.6 million in the previous year[14] - Loss before tax for the six months ended 30 September 2024 was HK$52,552, compared to HK$56,594 for the same period in 2023, representing a decrease of 7.2%[68] Assets and Liabilities - Total non-current assets as of September 30, 2024, were HK$786.3 million, an increase from HK$752.7 million as of March 31, 2024[17] - Current assets increased to HK$414.7 million from HK$351.4 million, marking an increase of 18%[17] - Cash and cash equivalents rose to HK$53.4 million, up from HK$37.3 million, indicating a 43% increase[17] - Total current liabilities increased to HK$409,178,000 as of September 30, 2024, compared to HK$337,384,000 as of March 31, 2024, reflecting a growth of approximately 21.3%[19] - Net current assets decreased to HK$5,559,000 as of September 30, 2024, down from HK$14,007,000 as of March 31, 2024, indicating a decline of about 60.3%[19] - Total non-current liabilities rose to HK$337,861,000 as of September 30, 2024, from HK$300,206,000 as of March 31, 2024, representing an increase of approximately 12.5%[19] - Net assets decreased to HK$454,034,000 as of September 30, 2024, compared to HK$466,479,000 as of March 31, 2024, showing a reduction of about 2.7%[19] Revenue Segmentation - Revenue from construction works and environmental protection projects is segmented into foundation works, civil engineering, and environmental protection services, indicating diversified operational focus[31] - For the six months ended September 30, 2024, total revenue reached HK$362,293,000, a 17.98% increase from HK$307,098,000 in the same period of 2023[36] - Construction works generated revenue of HK$313,761,000, up 20.5% from HK$260,452,000 year-on-year[36] - Environmental protection segment revenue was HK$48,532,000, a slight increase of 4.0% compared to HK$46,646,000 in the previous year[36] Expenses and Income - Administrative expenses decreased to HK$49.5 million from HK$52.6 million, a reduction of 6%[10] - Other income and gains decreased to HK$3.1 million from HK$8.8 million, a decline of 65%[10] - Bank interest income increased to HK$70,000 from HK$58,000, while other income decreased significantly from HK$8,763,000 to HK$3,081,000[57] - Finance costs rose to HK$8,484,000, up from HK$6,371,000, primarily due to increased bank loan interest[60] - The company reported a total of HK$3,081,000 in other income, which included HK$1,262,000 from the disposal of property, plant, and equipment[57] - The company capitalized HK$12,146,000 in interest, which contributed to the reduction of finance costs[60] Strategic Focus and Future Outlook - The company is focused on expanding its environmental protection segment, which includes waste treatment and new energy materials in Mainland China, highlighting growth opportunities in this sector[31] - Future outlook includes continued expansion in construction and environmental sectors, with a focus on new energy materials and waste management technologies[36] Project and Capacity Updates - The Group had 9 projects in progress as of September 30, 2024, with an aggregate contract value of approximately HK$2,372.89 million, and all projects were reported to be on schedule[145][148]. - The Hefei Plant has a permitted capacity of 200 tons per day, which was fully utilized as of September 30, 2024[156][160]. - The Xuancheng Plant has a total planned capacity of 300 tons per day, with Phase 1 construction completed and trial commercial operation commenced in 1H2023[157][163]. - Xuancheng Plant's treatment volume increased to 132 tons per day by the end of September 2024[165] - Dunhua Plant has a planned capacity of 210 tons per day but has not commenced any business or construction due to ongoing land expropriation processes[169] - Guoyang Plant has a planned capacity of 126 tons per day, with the concession agreement signed in March 2022, but has not started any operations as of September 30, 2024[170] - Hanzhong Plant, an 80%-owned subsidiary, has yet to commence any business or construction, facing issues with concession arrangements with the municipal government[180] - Hancheng Plant was granted an exclusive concession right for a capacity of 20,000 tons per annum for 30 years, but construction has been pending since FY2020 due to design deficiencies and land issues[192] - Hancheng Plant's construction has been on hold since FY2020, with penalties imposed for occupying collective land, amounting to approximately RMB260,000[196]

NT 創業集團(控股)有限公司 NEW CONCEPTS HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) Stock Code 股份代號：2221 2024 ANNUAL REPORT 年 報 CONTENTS 目錄 | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------|-------|------------------------------------------------------------------|-------| | | | | | | Corporate Information 公司資料 | 2 | Consolidated Statement of Profit or Loss and | 89 | | Chairman's State ...

於2024年2月，本集團與獨立第三方訂立買賣協 議，據此，本集團自該等獨立第三方收購山西天 和60%股權，代價為人民幣500,000元。山西天和 將於山西省內從事病死畜禽無害化處理業務。 H n In the anode materials industry, apart from the expansion of production capacity by major suppliers, there has been a continuous influx of numerous new suppliers. Additionally, the decline in raw material prices has led to intense competition in the market for anode materials. 前景 (iii) new energy materials. business As disclosed in the 2022 and 2023 annual reports, the Group entered into a sale and purchase agr ...

Financial Performance - The Group recorded consolidated revenue of HK$307.1 million for the six months ended September 30, 2023, representing a 6.1% increase from HK$289.5 million in the same period of 2022[23]. - Gross profit increased to HK$40.8 million, a significant rise of 58.2% compared to HK$25.8 million in 1H2022, resulting in a gross profit margin increase from 4.1% to 9.6%[23][27]. - Loss attributable to the owners of the Company was HK$6.4 million, a 51.6% improvement from a loss of HK$13.3 million in 1H2022[23]. - Losses per share improved to HK(0.42) cents from HK(1.06) cents in the previous year, reflecting a 60.4% reduction in losses[23]. - The Group's overall performance was positively impacted by projects with higher gross profit margins undertaken during the period[27]. - The Group's revenue increased by approximately 6.1% to about HKD 307.1 million for the six months ended September 30, 2023, compared to HKD 289.5 million for the same period in 2022, driven by growth in construction business despite a decline in environmental business[171]. - Loss attributable to owners of the Company decreased to approximately HK$6,443,000 from approximately HK$13,319,000 in the corresponding period[183]. - Basic loss per share improved to 0.42 HK cents from 1.06 HK cents in the previous year[190]. Business Segments - The construction business generated revenue of approximately HK$260.5 million, marking a 13.4% increase from HK$229.8 million in 1H2022, attributed to a higher number of sizable projects undertaken[24][25]. - Revenue from the Environmental Protection Business decreased by approximately 21.9% to HK$46.6 million, down from HK$59.7 million in 1H2022[30]. - Revenue from kitchen waste treatment related business amounted to HK$38.1 million, a decrease from HK$59.7 million in the previous year, primarily due to reduced construction revenue from the Xuancheng Plant[30]. - The Group's environmental protection business portfolio is expanding into graphene technology and modified graphite anode materials[105]. - The Group is considering expanding its environmental business portfolio to include new energy materials in response to the Chinese government's promotion of renewable energy applications[141]. Project Updates - As of September 30, 2023, the Group had 4 projects in progress with an aggregate contract value of approximately HK$1,080.7 million, all on schedule[37]. - The Group's ongoing projects include Mount Parker Road, Mei Tung Estate, Lamma Pipe Pile, and Hospital Road, all focused on foundation works[40]. - The Hefei Plant's capacity is around 200 tons per day, and the Group completed the acquisition of the remaining 40% equity interests for RMB38.5 million (approximately HK$43.75 million) during the period, making it wholly-owned[42][50]. - Xuancheng Plant has a planned capacity of 300 tons per day and was granted permission to commence trial commercial operations, with treatment volume gradually increasing to 70 tons per day by the end of September 2023[43][64]. - Dunhua Plant has a planned capacity of 210 tons per day but has not commenced any business or construction as of September 30, 2023, due to ongoing land expropriation processes[54][67]. - Guoyang Plant has a planned capacity of 126 tons per day, and the Group obtained land use rights for construction as of September 30, 2023, but has not yet started any business or construction[56][65]. - The Group's Hanzhong Plant has not commenced any business or construction as of September 30, 2023, while negotiations with the municipal government are ongoing[59][60]. - The Xuancheng Plant's construction was completed in two phases, with the first phase finished by March 31, 2023[49]. - The Group's total planned capacity across its projects reflects a significant commitment to increasing operational capabilities in waste management[43][50]. - The construction of the Yixing Plant has commenced following the acquisition of a formal construction permit, with the land use right classified as investment properties[138]. Financial Position - Total assets decreased by approximately 3.9% to approximately HK$993.0 million from approximately HK$1,033.0 million as of 31 March 2023[193]. - Bank balances and cash decreased to approximately HK$114.9 million from approximately HK$134.5 million as of 31 March 2023[193]. - Total interest-bearing loans decreased to approximately HK$189.2 million from approximately HK$203.0 million as of 31 March 2023[194]. - Administrative expenses decreased from approximately HK$56.6 million to HK$52.6 million, primarily due to a decrease in exchange loss[195]. - Finance costs increased from approximately HK$5.8 million to HK$6.4 million due to an increase in the Group's overall borrowing level[196]. - Other income and gains decreased from approximately HK$27.1 million to HK$8.8 million, mainly due to reduced machinery rental income[198]. Future Outlook - The management remains optimistic about future growth opportunities in both construction and environmental protection sectors despite the challenges faced in the Environmental Protection Business[30]. - The Group aims to strengthen internal management to improve operational and profit quality amidst challenges in the kitchen waste project sector[169]. - The future growth of kitchen waste processing projects is expected to be concentrated in third and fourth-tier cities and some rural areas, driven by national advocacy and industry development[174]. - The Group remains optimistic about the construction industry in Hong Kong due to increased land supply for housing developments[182].

內 文 Hong Kong Exchanges and Clearing Limited and The 香港交易及結算所有限公司及香港聯合交易所有限公 Stock Exchange of Hong Kong Limited take no 司對本公佈的內容概不負責，對其準確性或完整性亦不 responsibility for the contents of this announcement, 發表任何聲明，並明確表示，概不對因本公佈全部或任 make no representation as to its accuracy or 何部分內容而產生或因倚賴該等內容而引致的任何損 跟 completeness and expressly disclaim any liability 失承擔任何責任。 whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 年 之 報 後 NEW CONCEPTS HOLDINGS ...

Business Expansion and Strategic Focus - The Group entered the anode material sector through a joint venture, targeting applications in power batteries, energy storage, and portable electronic products, with expectations for significant growth driven by domestic policy and demand [18][29]. - The Group anticipates that the anode material business will become a driving force for development, supported by strong domestic demand for energy solutions [18][29]. - The Group will continue to optimize management and innovation in response to intensified competition in the environmental protection industry in mainland China, shifting focus from expansion to quality [21][28]. - The Group's strategic focus includes enhancing operational management and innovation to adapt to the evolving national environmental protection market [21][28]. - The Group aims to enhance its market presence through these new facilities and technologies [163]. Financial Performance - Overall demand has not fully recovered due to global economic stagnation, inflation, and interest rate hikes, impacting performance in the first quarter of 2023 [12][16]. - The financial position remains complex, with the need for continued adaptation to market changes and economic conditions [16][12]. - Revenue for the year ended March 31, 2023, was HK$545,189,000, a decrease of 16.7% from HK$654,851,000 in 2022 [75]. - Gross profit for the same period was HK$53,564,000, down 35.3% from HK$82,799,000 in the previous year [75]. - The company reported a loss before tax of HK$14,706,000 compared to a profit of HK$29,169,000 in 2022 [75]. - The net loss for the year was HK$18,722,000, contrasting with a profit of HK$17,085,000 in the prior year [75]. - Basic and diluted loss per share was HK$1.60, compared to earnings of HK$0.53 per share in 2022 [75]. - Total comprehensive loss for the year amounted to HK$35,258,000, a decrease from a total comprehensive income of HK$22,595,000 in 2022 [97]. - Loss attributable to owners of the Company amounted to approximately HK$20.8 million in FY2023, compared to a profit of approximately HK$2.1 million in the prior year [174]. Asset Management and Liabilities - As of March 31, 2023, the aggregate carrying amount of operating concessions after impairment was HK$246,519,000, representing approximately 24% of the Group's total assets [41]. - The aggregate carrying amount of trade and retention receivables, deposits, and other receivables was HK$446,883,000, which accounted for approximately 43% of the Group's total assets as of March 31, 2023 [43]. - The accumulated losses as of March 31, 2023, were HK$525,070,000, a slight improvement from HK$504,533,000 in the previous year [103]. - The company assessed impairment of trade and retention receivables, which included significant estimates based on customer creditworthiness and historical write-off experiences [65]. Operational Developments - The construction of the Hanzhong Plant, an 80%-owned subsidiary, is yet to commence as of March 31, 2023, pending negotiations with the municipal government [31]. - The construction of Hancheng Plant has been pending since FY2020 due to design deficiencies and administrative penalties, with no agreement reached for modifications [139]. - The Group completed a total of 4 projects in FY2023, down from 6 projects in FY2022, and secured 2 new projects with an aggregated contract value of approximately HK$957.3 million [153]. - The Group's revenue from the Xuancheng Plant is still under trial operation as of the report date [161]. - The Group is focused on expanding its capacity through new projects like Xuancheng, Dunhua, and Guoyang Plants [163]. Shareholder Engagement and Corporate Governance - The Company is scheduled to hold its Annual General Meeting on August 15, 2023, where key committee members will address shareholder questions [38]. - The Company emphasizes the importance of assessing the economic performance of each cash-generating unit for impairment indicators [42]. - The Company is committed to complying with the Cayman Islands Companies Law regarding dividend declarations and payments [59]. - The company communicated with the Audit Committee regarding significant audit findings and compliance with independence requirements [74]. Market Conditions and Future Outlook - The overall market environment remains challenging, with ongoing adjustments required to navigate economic uncertainties [12][16]. - The construction industry in Hong Kong faces challenges due to rising material costs from global inflation, but the Group remains conservatively optimistic about long-term demand due to government land supply policies [174]. - The National Development and Reform Commission's "14th Five-Year Plan" aims for new energy storage to enter large-scale development by 2025, which is expected to drive strong demand for anode materials [174].

內 文 Hong Kong Exchanges and Clearing Limited and The 香港交易及結算所有限公司及香港聯合交易所有限公 Stock Exchange of Hong Kong Limited take no 司對本公佈之內容概不負責，對其準確性或完整性亦不 responsibility for the contents of this announcement, 發表任何聲明，並明確表示，概不對因本公佈全部或任 make no representation as to its accuracy or 何部分內容而產生或因倚賴該等內容而引致之任何損 跟 completeness and expressly disclaim any liability 失承擔任何責任。 whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 年 之 報 後 NEW CONCEPTS HOLDINGS ...