Financial Performance - Consolidated revenue for the six months ended September 30, 2022, was HK$289.5 million, a decrease of 7.64% from HK$313.5 million in the corresponding period of 2021[19] - Gross profit for the same period was HK$25.8 million, down 10.65% from HK$28.9 million in 1H2021[19] - Loss attributable to the owners of the Company was HK$13.3 million, compared to a loss of HK$4.5 million in 1H2021, representing an increase of 194.0%[19] - Losses per share increased to HK(1.13) cents from HK(0.48) cents, a rise of 135.42%[19] - The Group's revenue decreased by approximately 7.6% to approximately HK$289.5 million compared to HK$313.5 million in the corresponding period[83] - Loss attributable to owners of the Company amounted to approximately HK$13.3 million, compared to a loss of approximately HK$4.5 million in the previous period[84] - Basic loss per share was HK1.13 cents, an increase from HK0.48 cents in the corresponding period[88] - Loss before tax for the period was HK$9,411,000, compared to a loss of HK$6,775,000 in the prior year, indicating a worsening of 38.4%[194] - The net loss for the period attributable to the owners of the Company was HK$13,319,000, compared to a loss of HK$4,531,000 in the previous year, representing an increase in loss of 194.5%[194] - Total comprehensive income for the period was HK$(35,395,000), significantly lower than HK$(3,299,000) in the same period last year[197] Revenue Breakdown - Revenue from the construction business was approximately HK$229.8 million, a decrease of 17.7% compared to HK$279.2 million in 1H2021[23] - Revenue from the Environmental Protection Business increased by approximately 74.6% to approximately HK$59.7 million, up from HK$34.2 million in the first half of 2021[33] - Revenue from kitchen waste treatment amounted to HK$59.7 million, with a decrease in overall treatment volume offset by construction revenue from Xuancheng Plant[34] Project Updates - As of September 30, 2022, the Group had 5 projects in progress with an aggregate contract value of approximately HK$957.9 million, all on schedule without increasing contingent liabilities[29] - The Xuancheng Plant's Phase 1 construction has been completed and is currently applying for trial commercial operation[48] - The Dunhua Plant has been granted an exclusive concession right to operate a kitchen waste plant with a capacity of 200 tons per day for a term of 30 years[46] - The Guoyang Plant has a planned capacity of 126 tons per day, with a service concession agreement entered in March 2022, but construction has not commenced as of September 30, 2022[50] Financial Position - Total assets decreased by approximately 2.9% to approximately HK$789.1 million from HK$812.6 million[95] - The gearing ratio improved to approximately 35.7% from 42.3% as a result of decreased borrowings[100] - The Group had bank balances and cash of approximately HK$70.7 million, down from approximately HK$117.5 million[95] - Total non-current assets decreased from 416,773 to 388,215, a decline of approximately 6.8%[200] - Current assets increased from 395,831 to 400,846, reflecting a growth of about 1.3%[200] - Cash and cash equivalents decreased significantly from 117,458 to 70,695, a drop of approximately 40%[200] Administrative and Other Expenses - Administrative expenses rose from approximately HK$45.3 million to HK$56.6 million, largely due to an exchange loss of approximately HK$19.8 million[93] - Other income and gains increased from approximately HK$23.2 million to HK$27.1 million, primarily due to compensation for guaranteed revenue from the Hefei Plant[91] - Finance costs decreased by approximately 57.7% from HK$13.7 million to HK$5.8 million due to a reduction in overall borrowing levels[94] Share Capital and Options - The Company completed a subscription agreement on October 28, 2022, issuing 129,624,000 shares at a price of HKD 0.27 each, raising gross proceeds of approximately HKD 34.99 million[73] - A placing agreement was entered into on November 16, 2022, for the placement of up to 98,330,026 new shares at a price of HKD 0.385 per share, with 98,000,000 shares allotted and issued by December 2, 2022[78] - The total number of shares that may be issued upon exercise of all options under the Share Option Scheme is 572,900,134 shares[125] - The total outstanding share options as of September 30, 2022, amount to 33,648,000[138] Corporate Governance - The Company has complied with the corporate governance code provisions during the period[189] - The Audit Committee reviewed the interim financial information and confirmed compliance with applicable accounting principles and legal requirements[191] - The Company did not purchase, sell, or redeem any of its listed securities during the period[185] - All directors confirmed compliance with the required standards regarding their securities transactions during the reporting period[182] Strategic Focus - The Group's strategic focus aligns with China's increased efforts in environmental protection during the 14th Five-Year Plan, particularly in the niche of harmless and resource utilization sectors[80] - The Group is actively seeking to become an integrated organic waste solutions provider to capture opportunities in kitchen-related organic waste[81]

Financial Performance - The Group reported a profit of approximately HK$17.1 million for FY2022, a significant improvement from a loss of HK$63.6 million in FY2021[15]. - The Group's revenue increased by approximately 10.7% to approximately HK$654.9 million for the year, compared to HK$591.5 million in FY2021, driven by growth in the Environmental Protection Business[93]. - Profit attributable to owners of the Company was approximately HK$5.5 million, a significant recovery from a loss of approximately HK$55.0 million in the prior year[94]. - Basic and diluted earnings per share improved to HK0.53 cents, compared to a loss per share of HK7.24 cents for the prior year[97]. - Other income and gains increased from approximately HK$56.8 million to HK$65.3 million, primarily due to gains from the disposal of assets and reversal of impairment[95]. - Administrative expenses decreased by 15.9% from approximately HK$113.0 million in FY2021 to HK$95.0 million in FY2022[98]. - Finance costs decreased by approximately 45.4% from approximately HK$38.3 million to approximately HK$20.9 million, attributed to a reduction in overall borrowing levels[100]. - The audit opinion for FY2022 indicated that the material uncertainty regarding going concern is no longer applicable due to measures taken to strengthen the financial position[109]. Construction Segment - Revenue from the construction segment was approximately HK$453.1 million, representing a decrease of 10.3% from approximately HK$504.9 million in FY2021[23]. - The overall gross profit margin for the construction business was approximately 10.8%, consistent with the previous year's margin of 10.4%[24]. - Approximately 75.1% of the construction segment revenue was contributed by public sector foundation projects[25]. - Key contributors to the construction revenue included a foundation project in Wang Chiu Road contributing approximately HK$294.3 million and another project in Tuen Mun Hin Fat Lane contributing approximately HK$45.5 million[25]. - The construction segment generated revenue of approximately HK$453.1 million in FY2022, a decrease of 10.3% from HK$504.9 million in FY2021, primarily due to a reduction in the number of large projects undertaken[28]. - The Group completed a total of 6 projects in FY2022, down from 9 projects in FY2021, and secured 6 new projects with an aggregated contract value of approximately HK$118.9 million, significantly lower than HK$523.7 million in FY2021[31]. Environmental Protection Business - Revenue from the Environmental Protection Business increased by approximately 133% to approximately HK$201.8 million in FY2022, compared to approximately HK$86.6 million in FY2021[34]. - Revenue generated from kitchen waste treatment amounted to approximately HK$201.8 million in FY2022, up from approximately HK$61.8 million in FY2021, mainly due to construction revenue from Xuancheng Plant[37]. - The Taiyuan Plant contributed revenue of approximately HK$20.2 million to the Group prior to its disposal, compared to approximately HK$36.3 million in FY2021[38]. - The Hefei Plant's treatment volume decreased to around 160 tons per day since June 2021 due to competition from other plants, but it resumed normal operations after a temporary decline caused by COVID-19[43]. - Hefei Plant recognized a partial reversal of impairment of approximately HK$24,083,000 due to increased demand and selling prices for used cooking oil, a by-product of the plant[44]. - The Xuancheng Plant generated revenue of approximately RMB118,169,000 (approximately HK$144,109,000) from construction activities, with profit of RMB17,725,000 (approximately HK$21,616,000) during the year[52]. Strategic Initiatives and Future Plans - The Company is actively seeking business opportunities in the environmental protection sector, particularly in kitchen waste treatment, driven by new policies under the "14th Five-Year Plan"[17]. - The Group plans to leverage its technical processes in kitchen waste treatment and actively seek partnerships to develop new technologies and business opportunities[89]. - The Group entered into a cooperation agreement for a production and R&D project in Yixing, Jiangsu, with a total investment of approximately US$160 million, of which phase 1 is approximately US$40 million[81]. - The Group established a joint venture, Yisheng Zhihui, with a registered capital of US$10 million, holding a 62.5% stake[72]. - The principal activities of Yisheng Zhihui include sales, manufacturing, and R&D of environmental protection equipment, with plans to bid for a land parcel in Xi'an National Hi-tech Industries Development Zone[69]. Corporate Governance and Compliance - The Company has adopted a compliance manual for corporate governance, ensuring adherence to the CG Code during the year[141]. - The effectiveness of the Company's risk management and internal control systems was reviewed by the Audit Committee[150]. - The Group emphasizes corporate governance and compliance through its independent non-executive directors[169]. - The annual report is accompanied by audited consolidated financial statements, ensuring transparency and accuracy in financial reporting[179]. Market Conditions and Challenges - The overall market is expected to remain volatile due to high commodity prices and rising interest rates[16]. - The construction market in Hong Kong is expected to benefit from government public expenditure commitments, despite challenges from rising material and labor costs[90]. - The resurgence of COVID-19 did not significantly impact the business performance or disrupt construction operations[26]. Financial Position and Capital Management - As of March 31, 2022, the Group had bank balances and cash of approximately HK$117.5 million, up from approximately HK$66.7 million a year earlier[102]. - Total interest-bearing loans decreased to approximately HK$80.8 million from approximately HK$150.9 million as of March 31, 2021[103]. - The gearing ratio improved to approximately 42.3% as of March 31, 2022, compared to approximately 150.2% as of March 31, 2021, primarily due to a decrease in overall borrowings[110]. - The group pledged assets, including property, plant, and equipment with carrying values of approximately HK$45.3 million as of March 31, 2022, down from approximately HK$84.4 million as of March 31, 2021[111].

NUT 創業集團(控股)有限公司 NEW CONCEPTS HOLDINGS LIMITED (Incorporated in the Cayman Islands with Iimited liability) ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) Stock Code 股份代號：2221 202 " 中期報告 INTERIM REPORT 43 IIIIIIIII IIIIII HIHHHHHHHHHHHHHHHHH l CONTENTS 目錄 Corporate Information 公司資料 2 Management Discussion and Analysis 管理層討論及分析 5 Unaudited Condensed Consolidated Statement of Profit or Loss 未經審核簡明綜合損益表 39 Unaudited Condensed Consolidated Statement of Other Comprehensive Income 未經審核簡明綜合其他全面收益表 40 Unaudited Condensed Consolida ...

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 ANNUAL REPORT 年報 202 CONTENTS 101 102 105 107 | --- | --- | --- | |--------------------------------------------------------|-------|-----------------------------------------------| | | | | | | | | | | | | | Corporate Information | | Consolidated Statement of | | 公司資料 Chairman's Statement | 2 4 | Comprehensive Income 綜合全面收益表 | | 主席報告 Management Discussion ...

2020 Interim Report 0ff 中 期 報 → 88 t 4 0 0 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 CONTENTS 目錄 | --- | --- | |-----------------------------------------------------------------------------------------------------------|-------| | | | | Corporate Information 公司資料 | 2 | | Management Discussion and Analysis 管理層討論及分析 | 5 | | Unaudited Condensed Consolidated Statement of Profit or Loss 未經審核簡明綜合損益表 | ...

創 業 集 團 ( 控 股 ) 有 限 公 司 (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 | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | CONTENTS 目錄 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | Corp ...

NIT 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 ANNUAL REPORT # 2019 CONTENTS 目錄 | --- | --- | --- | |-------------------------------------------------------------------------------------------|-------|------------------------------------------------------| | | | | | Corporate Information 公司資料 | 2 | Consolidated Statement of Financial Position | | Chairman's Statement 主席報告 | 4 | 綜合財務狀況表 Consolidat ...