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 就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 WISON ENGINEERING SERVICES CO. LTD. 惠生工程技術服務有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2236） 截 至2024年12月31日止年度之 年度業績公告 摘 要： – 1 – • 截 至2024年12月31日 止 年 度，收 益 約 為 人 民 幣5,647,335,000元，較 2023年約人民幣3,842,719,000元增加47.0%。 • 截 至2024年12月31日 止 年 度， 毛 利 約 為 人 民 幣445,216,000元， 較 2023年約人民幣227,202,000元增加96.0%。 • 截 至2024年12月31日 止 年 度， 利 潤 約 為 人 民 幣134,673,000元， 而 2023年虧損約為人民幣198,378,0 ...

惠生工程技術服務有限公司 ( 於開曼群島註冊成立的有限公司 股份代購, 2236) wison 0 中 報 2024 1D wison I (860) 川口Via U. C 中國領先的能源化 程EPC 服務和技術整合 解決方案提供商 H 0000 0 目 錄 34 中期簡明綜合全面收益表 42 中期簡明綜合財務資料附註 39 42 中期簡明綜合財務資料附註 37 39 中期簡明綜合現金流量表 35 37 中期簡明綜合權益變動表 34 35 中期簡明綜合財務狀況表 31 33 中期簡明綜合損益表 31 中期財務資料之審閱報告 27 30 企業管治及其他資料 4 27 權益披露 2 4 管理層討論與分析 2 公司資料 馮國華先生 李磊先生 | --- | --- | |--------------------------|-------------------------------------------| | | 惠生工程技術服務有限公司 • 2024年中期報告 | | | | | | 公司資料 | | 董事會 | 薪酬委員會 | | 執行董事 | 馮國華先生 (主席) | | 周宏亮先生 (行政總裁) | ...

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 表 明 概 不 就 因 本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損 失 承 擔 任 何 責 任。 WISON ENGINEERING SERVICES CO. LTD. 惠生工程技術服務有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2236） 截 至2024年6月30日止六個月 之中期業績公告 及 委任執行董事 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 摘 要： | | • | 截 至 2024 年 6 月 30 日 止 六 個 月，收 益 約 為 人 ...

吾等已履行本報告「核數師就審計綜合財務報表須承擔的責任」一節所述的責任（包括就此等事項須承擔的責任）。 因此，吾等的審計工作包括執行為應對評估綜合財務報表重大錯誤陳述風險而設的審計程序。吾等執行審計程序 的結果，包括處理下述事項所執行的程序，為隨附綜合財務報表發表我們的意見提供基礎。 Wison Engineering Services Co. Ltd. ~ Interim Report 2023 惠生工程技術服務有限公司 2023年年報 獨立核數師報告 關鍵審計事項（續） | --- | --- | |------------------------------------------------|--------------------------------------------------------| | 關鍵審計事項 | 吾等的審計工作如何處理關鍵審計事項 | | 收益確認及計量 | | | 貴集團提供工程設計、採購及施工管理服務。工程合 | 吾等對 貴集團按完工百分比法記錄合同成本及合同 | | 同收益使用投入法確認，參考截至目前為止所涉成本 | 收益進行的程序包括 ： (i) 與管理層討論重 ...

| --- | --- | |---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 摘 要： | | | • | 截 至 2023 年 12 月 31 日 止 年 度，收 益 約 為 人 民 幣 3,842,719,000 元，比 2022 年收益約人民幣 4,658,780,000 元減少 17.5% 。 | | • • | 截 至 2023 年 12 月 31 日 止 年 度， 毛 利 約 為 人 民 幣 227,202,000 元， 而 2022 年毛損約人民幣 208,300,000 元， 毛 利 同 期 增 加 約 人 民 幣 435,5 ...

Financial Performance - Revenue for the first half of 2023 was approximately RMB 1,893.6 million, a decrease of 14.4% compared to the same period in 2022[109] - Gross profit for the first half of 2023 was approximately RMB 144.1 million, a significant improvement from a gross loss of RMB 12.5 million in the same period in 2022[109] - Revenue for the period decreased by 14.4% to RMB 1,893.6 million compared to RMB 2,211.0 million in the same period last year[172] - EPC revenue decreased by 17.9% to RMB 1,748.4 million, with a gross margin of 5.7%, up from -1.5% in the previous year[173] - Refining business revenue increased by 19.0%, supported by the completion phase of the Abu Dhabi refining project[174] - Coal chemical business revenue rose by 5.7%, remaining stable compared to the previous year[195] - Other income and gains decreased by 6.4% to RMB 91.2 million from RMB 97.4 million[179] - Sales and distribution expenses decreased by 21.7% to RMB 20.5 million due to focused marketing efforts on high-competitive projects[180] - R&D costs decreased to RMB 58.7 million from RMB 76.0 million in the previous year[181] - Total other expenses decreased by 6.3% to RMB 78.2 million from RMB 83.5 million[199] Cost and Expense Management - The cost of services provided decreased to RMB 1,749,563 thousand in the first half of 2023, down from RMB 2,223,441 thousand in the same period of 2022, reflecting a 21.3% decline[3] - R&D expenses decreased to RMB 58,708 thousand in the first half of 2023, compared to RMB 75,988 thousand in the same period of 2022, a 22.7% reduction[3] - Administrative expenses increased by 2.2% to RMB 119.8 million compared to RMB 117.2 million in the same period last year[64] - Financing costs rose by 13.7% to RMB 51.3 million, primarily due to increased interest expenses related to payables[69] Cash and Bank Balances - Cash and bank balances increased to RMB 1,207,137 thousand as of June 30, 2023, compared to RMB 663,242 thousand as of December 31, 2022, an 82% increase[21] - The company's cash and bank balances denominated in RMB amounted to RMB 1,105,529 thousand as of June 30, 2023, up from RMB 602,159 thousand as of December 31, 2022, an 83.6% increase[24] - The company's cash and cash equivalents (unsecured and unfrozen) increased to RMB 748,724 thousand as of June 30, 2023, up from RMB 347,972 thousand as of December 31, 2022, a 115.2% increase[21] - Bank balances and fixed deposits amounted to RMB 7,141,000 as of June 30, 2023, a decrease from RMB 13,880,000 as of December 31, 2022, due to collateral for import equipment financing[38] Debt and Borrowings - Bank loans due within one year or on demand decreased to RMB 561,093 thousand as of June 30, 2023, down from RMB 1,187,632 thousand as of December 31, 2022, a 52.7% reduction[28] - Bank loans due within one year (secured) amounted to RMB 561,093, while long-term bank loans (secured) due after one year were RMB 1,150,593[43][44] - The company's interest-bearing bank and other borrowings totaled RMB 1,150.6 million as of June 30, 2023[189] - Interest-bearing bank and other borrowings ranged from 3.70% to 5.88% during the six months ended June 30, 2023[45] Project Progress and Completion - The Thailand natural gas-to-hydrogen project achieved 86% completion, with 73% of equipment and materials delivered and 17% of instrumentation bridge installation completed[58] - The Shandong Binhu New Materials C3C4 comprehensive utilization project successfully started production, yielding high-quality propylene with a concentration exceeding 99.6%[85] - The PGA pilot plant, in collaboration with Inner Mongolia Rongxin Chemical, successfully started trial production in July 2023 and is expected to complete pilot testing by the end of the year[100] - The overall progress of the Xinjiang Weigerui project reached 97.71%, with the first process unit achieving mechanical completion on May 15, 2023[89] - The Saudi Aramco DPCU project reached 54% overall progress, with all equipment and materials ordered and structural steel modules arriving[91] - The Shandong Jinhai Chemical 1 million tons/year light hydrocarbon comprehensive utilization project successfully started production on March 4, 2023, with stable operation of the HDPE and butadiene units[112] - The Fujian Shenyuan Phase II synthetic ammonia hydrogen production project was successfully put into operation by the end of June 2023, with performance assessment completed[113] - The Henan Shenma hydrogen ammonia project achieved high-standard intermediate handover on July 5, 2023, and is currently assisting the owner in production preparation[114] - The Panjin Sanli MMA project has completed 90% of model review conditions, with 75% of storage tank installation completed and 348 tons of pipe rack steel structure installed[116] - The Wanhua Chemical 1.2 million tons/year ethylene cracking furnace project has achieved 17.9% overall progress, with 70% design completion and 7 furnace radiation chambers installed[117] - The Qatar EPC4 sulfur treatment project has achieved 15.62% overall progress, with 30% model review passed and 4 contractor interviews completed in August 2023[118] - The Saudi FARABI Lab4 project has achieved 4.42% overall progress, with HAZOP review completed and civil bidding finalized[120] - The company successfully completed intermediate handover and startup for 3 EPC projects, including the Quanzhou Guoheng 660,000 tons/year PDH heater project, and achieved safe startup for 6 projects, including the Dongming Petrochemical 1 million tons/year light hydrocarbon utilization project[121] Contracts and New Business - The company secured new contracts worth approximately RMB 251.3 million in the first half of 2023[109] - New contracts signed in H1 2023 totaled approximately RMB 270 million, lower than expected due to delayed customer investment decisions[153] - The company secured the PDP+FEED task for the Russian CIC ethylene project in H1 2023, which is expected to positively impact multiple ethylene cracking furnace and polyolefin projects being tracked[128] Regional Revenue - Middle East region revenue increased to RMB 375.4 million, accounting for 19.8% of total revenue in H1 2023, up from 7.3% in H1 2022[151] - Southeast Asia region revenue surged to RMB 358.5 million, representing 18.9% of total revenue in H1 2023, compared to 0.7% in H1 2022[151] - Overseas project revenue accounted for 41.9% of total revenue, up from 12.0% in the previous year, driven by EPC projects in the Middle East and Southeast Asia[197] Innovation and R&D - The company has developed a new generation of energy-saving butene oxidative dehydrogenation catalyst and reaction technology, reducing energy consumption by 30%, wastewater by 40%, and production cost by approximately RMB 1,400 per ton of butadiene[131] - The company has added 7 new authorized patents and 4 new patent applications, strengthening its intellectual property and technical reserves[133] - The company is focusing on innovation, strengthening independent R&D, and expanding cooperation with global patent holders in new energy and materials[142] Safety and Quality Management - The company achieved 7,402,174 safe man-hours across domestic and international projects in the first half of 2023, with all HSE management indicators within the target range[94] - The welding pass rate, inspection and test plan (ITP) control point acceptance rate, and material acceptance rate for projects under construction in the first half of 2023 all exceeded 99%[96] - The company updated its public safety emergency plans based on the 2023 Overseas Public Safety Comprehensive Assessment Report to strengthen risk control in overseas operations[94] Asset and Property Management - The fair value of buildings and leased land in mainland China was RMB 3,442,632 thousand as of June 30, 2023, slightly down from RMB 3,494,142 thousand as of December 31, 2022[30] - The weighted average market daily rent for buildings and leased land in mainland China was RMB 5.91 per square meter as of 2022, with a long-term vacancy rate of 4% and a yield rate of 4%[18] Trade Receivables and Impairment - Trade receivables impairment increased to RMB 50,192 thousand in the first half of 2023, up from RMB 42,956 thousand in the same period of 2022, a 16.8% rise[3] - Trade receivables from related companies were RMB 2,898,696 as of June 30, 2023, with a decrease in non-current portions to RMB 573,813 from RMB 874,098 as of December 31, 2022[41] Dividend Policy - The company did not declare, pay, or recommend any interim dividends for the six months ended June 30, 2023, consistent with the same period in 2022[7] Digital and Project Management - The company is advancing digital project management systems, with the Engineering Data Warehouse (EDW) achieving 100% accuracy in attribute matching[164] Strategic Focus and Future Plans - The company is committed to enhancing its comprehensive competitiveness by optimizing design to reduce project costs and establishing a global unified procurement platform[143] - The company is closely monitoring market conditions and will adjust its strategies and operations to improve efficiency and profitability[145] - The company has completed feasibility studies for several wind-solar-hydrogen and coal chemical integration projects, aiming for implementation within the year[137] - The company's technical and design team is expected to reach 1,000 people by the end of the year, with more international project-experienced professionals being recruited[139]

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 表 明 概 不 就 因 本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損 失 承 擔 任 何 責 任。 WISON ENGINEERING SERVICES CO. LTD. 惠生工程技術服務有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2236） 截 至2023年6月30日止六個月 之中期業績公告 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 摘 要： | | • | 截 至 2023 年 6 月 30 日 止 六 個 月，收 益 約 為 人 民 幣 1,893,621,00 ...

按業務分部綜合收益與毛利分析如下： | --- | --- | --- | --- | --- | --- | --- | |----------------------|-----------------------------------|--------------------------|-----------------------------------|--------------------------|--------------------------|-----------| | | 分部收益 \n2022 年 人民幣百萬元 | \n2021 年 人民幣百萬元 | 分部毛利 \n2022 年 人民幣百萬元 | \n2021 年 人民幣百萬元 | 分部毛利率 \n2022 年 % | 2021 年 % | | | | | | | | | | | | | | | | | | EPC | 4,463.6 | 6,035.8 | -256.3 | 369.9 | -5.7% | 6.1% | | | | | | | | | | 設計、諮詢與技術服務 | 195.2 | 243.7 | 48.0 ...

Financial Performance - For the year ended December 31, 2022, revenue was approximately RMB 4,658.8 million, a decrease of 25.8% compared to RMB 6,279.5 million in 2021[19]. - The gross loss for the year was approximately RMB 208.3 million, a decline of 145.4% from a gross profit of RMB 458.8 million in 2021[19]. - The net loss for the year was approximately RMB 1,197.4 million, an increase of 1,189.7% compared to a net loss of RMB 92.8 million in 2021[15]. - The total revenue for 2022 was RMB 4,658.8 million, a decrease of 25.8% from RMB 6,279.5 million in 2021[89]. - The group reported a significant loss of RMB 1,197.4 million for the year, a 1,189.7% increase from the previous year's loss of RMB 92.8 million, resulting in a net profit margin decrease from -1.5% to -25.7%[143]. - The gross profit margin dropped from 7.3% in the previous year to -4.5% this year[111]. - The company's operating loss before tax was RMB (1,175,466) thousand, indicating a significant financial challenge[193]. - The company reported a net impairment loss of RMB (610,743) thousand, which reflects ongoing challenges in asset valuation[195]. Contract and Project Management - The total value of new contracts obtained in 2022 was approximately RMB 11.3 billion, an increase of 76.4% year-on-year[19]. - As of December 31, 2022, the total value of uncompleted contracts was approximately RMB 26.7 billion, an increase of 4.7% compared to the previous year[19]. - The total value of new contracts for the year ended December 31, 2022, was approximately RMB 11,312,845,000, an increase of 76.4% compared to RMB 6,414,042,000 in the same period of 2021[44]. - The total value of unfinished new contracts as of December 31, 2022, was approximately RMB 26,724,003,000, an increase of 4.7% from RMB 25,529,301,000 on December 31, 2021[44]. - The company has signed contracts for several key projects, including the Inner Mongolia Rongxin PGA total package contract and the Qingdao Sanli MMA project, while strengthening cooperation with long-term quality clients[34]. - The company is actively exploring new markets in the Middle East, having signed contracts for the EPC total package of the Cartel Energy sulfur processing unit and the LAB4 project with Saudi FARABI[35]. Cash Flow and Financial Stability - The company had cash and bank balances of RMB 602.2 million as of December 31, 2022, down from RMB 1,327.5 million in 2021[7]. - The net cash flow from operating activities was -RMB 594.9 million, compared to RMB 256.5 million in the previous year[122]. - The asset-liability ratio as of December 31, 2022, was 67.2%, compared to 60.8% in 2021[124]. - The company’s total liabilities decreased to RMB 4,797,821,000 from RMB 5,714,899,000, indicating improved financial stability[162]. - The company’s cash and bank balances decreased to RMB 383,592,000 from RMB 931,268,000, showing a significant reduction in cash reserves[162]. - The group has successfully negotiated a supplemental credit facility with a bank to rectify a financial covenant breach, allowing for a repayment period extending beyond December 31, 2023, for RMB 678 million[150]. Operational Developments - The company is focusing on energy and chemical engineering sectors while actively expanding into new energy and new materials markets[11]. - The company has optimized its organizational structure and enhanced risk management and digital capabilities during the reporting period[11]. - The company aims to ensure project implementation despite adverse factors such as the pandemic, with significant progress in key projects like the PDH facility in Shandong[20]. - The company is focusing on green hydrogen, ammonia, and carbon reduction, with ongoing feasibility studies for a green ammonia project utilizing wind and solar energy[37]. - Significant progress has been made in the development and industrialization of biodegradable plastics, with the completion of detailed design for the PGA project and plans for pilot plant construction by May 2023[39]. - The company is actively exploring new fields such as new energy and new materials, with breakthroughs in areas like ethane oxidative dehydrogenation to ethylene and biodegradable plastics[49]. Market Expansion and Strategy - The company aims to expand into new energy and traditional hydrogen industries, leveraging its technical advantages in hydrogen, ammonia, and alcohol[95]. - The company plans to enhance its global presence by actively exploring overseas markets, particularly in the Middle East and North America, while also targeting emerging markets in Russia, Central Asia, Southeast Asia, and Africa[81]. - The company is actively expanding into emerging markets, including Nigeria and Southeast Asia, and has secured preliminary consulting contracts for oil refining projects[66]. - The company is focusing on optimizing and upgrading butadiene technology, which is currently entering the industrial trial and promotion stage[40]. Research and Development - The company has filed 14 new patents and submitted 13 new patent applications during the reporting period, strengthening its intellectual property and technology reserves[99]. - The company is developing a new generation of energy-saving butene dehydrogenation catalysts and reaction technology, aiming to reduce energy consumption by 30% and wastewater by 40%, while increasing yield by over 5 percentage points[40]. - The company has achieved initial success in developing ethylene acetate catalysts, which meet current domestic technical requirements for ethylene acetate development[40]. - The company is developing a green new process for MMA production with a capacity of 100,000 tons/year, utilizing advanced technologies to address pollution and energy consumption issues[70]. - The company has entered the commercialization phase of the ethane catalytic oxidative dehydrogenation (ODHE) technology, which significantly reduces investment, energy consumption, and carbon emissions compared to traditional methods[71]. Employee and Organizational Development - The total number of employees as of December 31, 2022, was 1,370, with 46 new graduates hired during the year, indicating a stable growth in workforce[76]. - The company is actively optimizing its organizational structure and mechanisms to attract new talent[103]. - The group reported research and development costs of RMB 149 million, down from RMB 168.9 million in the previous year[140].

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 就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 WISON ENGINEERING SERVICES CO. LTD. 惠生工程技術服務有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2236） 截 至2022年12月31日止年度之業績公告 及 建議修訂組織章程細則及 採納經修訂及重述的組織章程細則 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 摘 要： | | • | 截 至 2022 ...