| 健倍苗苗(02161) | 2.380 | 2.380 | 0.42% | | --- | --- | --- | --- | | 中视金桥(00623) | 2.710 | 2.750 | 0.36% | | 古茗(01364) | 26.600 | 27.550 | 0.36% | | ＴＣＬ电子(01070) | 11.000 | 11.220 | 0.36% | | 建设银行(00939) | 6.970 | 7.000 | 0.29% | | 中国移动(00941) | 88.100 | 88.450 | 0.23% | | ＧＸ日本全球领导 | 70.160 | 70.160 | 0.20% | | (03150) | | | | | ＧＸ０３月债(03440) | 55.360 | 55.360 | 0.18% | | 港灯－ＳＳ(02638) | 5.650 | 5.670 | 0.18% | | 安硕亚洲除日(03010) | 59.880 | 60.100 | 0.17% | | ESR(01821) | 12.840 | 12.840 | 0.16% | | ＧＸＡＩ基础设施 | 5 ...

智通财经APP获悉，截止5月20日收盘，有91只股票创52周新高，其中三生制药(01530)、TEAMWAY INTL GP(01239)、中国碳中和(01372)创高率位于前3位，分别为49.25%、30.53%、17.14%。 52周新高排行 | 股票名称 | 收盘价 | 最高价 | 创高率 | | --- | --- | --- | --- | | 三生制药(01530) | 19.180 | 22.000 | 49.25% | | TEAMWAY INTL GP(01239) | 0.229 | 0.248 | 30.53% | | 中国碳中和(01372) | 1.600 | 1.640 | 17.14% | | 松景科技(01079) | 0.080 | 0.099 | 16.47% | | Ｈ＆Ｈ国际控股(01112) | 13.720 | 14.140 | 16.28% | | 中华银科技(00515) | 0.144 | 0.150 | 11.11% | | 英皇钟表珠宝(00887) | 0.290 | 0.305 | 8.93% | | 百应控股(08525) | 1.000 | 1.0 ...

Financial Performance - The Group's annual revenue for 2024 reached approximately RMB 233.9 million, representing an increase of approximately 116.6% compared to the previous year[23]. - Net profit for 2024 increased significantly by approximately 242.9% year-on-year, reaching approximately RMB 60.0 million, demonstrating the effectiveness of the Group's business strategies[23]. - The Group's revenue for the year ended December 31, 2024, reached approximately RMB 233.9 million, representing a year-on-year increase of approximately 116.6%[45]. - The net profit attributable to owners of the Company for the same period was approximately RMB 60.0 million, reflecting a significant year-on-year increase of approximately 242.9%[45]. - The gross profit increased from approximately RMB 59.6 million in 2023 to approximately RMB 131.8 million in 2024, with a gross profit margin of 56.3%, up from 55.2% in the previous year[46]. - The gross profit for the year ended 31 December 2024 was approximately RMB 131.8 million, representing an increase of approximately 121.1% compared to RMB 59.6 million for the year ended 31 December 2023[64]. - The overall gross profit margin increased from approximately 55.2% for the year ended 31 December 2023 to approximately 56.3% for the year ended 31 December 2024[68]. - Revenue from sales of pyrite concentrate and sales of products from the reprocessing of pyrite concentrate recorded year-on-year increases of approximately 94.6% and 1,016.0%, respectively[62]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 921.2 million, an increase from RMB 796.7 million in 2023[18]. - Total liabilities as of December 31, 2024, were RMB 378.3 million, compared to RMB 325.5 million in 2023[18]. - Total equity as of December 31, 2024, reached RMB 542.9 million, up from RMB 471.2 million in 2023[18]. - As of December 31, 2024, the Group's net current liabilities were approximately RMB 56.8 million, compared to net current assets of approximately RMB 25.9 million as of December 31, 2023[104]. - The gearing ratio as of December 31, 2024, was approximately 47.1%, slightly up from approximately 46.6% as of December 31, 2023[104]. - Cash and cash equivalents as of December 31, 2024, were approximately RMB 65.2 million, down from approximately RMB 76.1 million as of December 31, 2023[105]. Operational Developments - The Group successfully launched a new production line for the comprehensive utilization of hazardous waste from gold mines, enhancing profitability and market competitiveness[24]. - The launch of reprocessed products of pyrite concentrate marks a significant breakthrough in industrial upgrading for the Group[25]. - The introduction of reprocessing pyrite concentrate to produce sulfuric acid, iron powder, and electricity marks a significant advancement in the Group's operational capabilities[41]. - The sales of reprocessed products from sulfur concentrate, including sulfuric acid, iron powder, and electricity, began to significantly contribute to the Group's revenue during the reporting period, marking a milestone in the industrial chain extension projects[48]. - The Group has made positive progress in the research and development of new products such as amidosulfonic acid and magnesium fertilizers, which will enrich its product portfolio[26]. - The Group achieved phased results in the research and development of new products such as amidosulfonic acid and magnesium fertilizers, utilizing sulfuric acid and steam generated during production as raw materials[48]. Strategic Focus and Sustainability - The Group's strategic focus on extending the industrial chain and promoting resource recycling is expected to support sustainable development in the future[25]. - The Group is committed to sustainable development and has integrated ESG strategies into its operations, focusing on green production and resource optimization[29]. - The Group's strategic focus for 2025 includes promoting green transformation and upgrading while seizing opportunities presented by national development strategies[51]. - The Group's efforts in extending the industrial chain and enhancing product diversity are expected to significantly improve profit stability and support sustainable development goals[49]. - The Group anticipates that the implementation of the "Fourteenth Five-Year Plan" will provide historic development opportunities and enhance its role in the circular economy[31]. Management and Governance - The company has a strong focus on research and development, with Mr. Sheng leading these efforts since joining in December 2012[122]. - The management team has a diverse background in various industries, enhancing the company's strategic decision-making capabilities[117][122][124][129]. - The company emphasizes the importance of independent judgment in its governance structure, with independent non-executive Directors playing key roles[129]. - The company has adopted the principles and complied with the applicable code provisions in the Corporate Governance Code for the year ended December 31, 2024[151]. - The Board consists of six Directors, including three executive Directors and three independent non-executive Directors as of December 31, 2024[161]. - The company has arranged appropriate liability insurance for Directors facing legal actions, which will be reviewed annually[153]. - The company has a clear division of responsibilities among the Board members to ensure well-balanced power and authority[160]. - The Company has adopted a Board Diversity Policy to maintain a balanced mix of experiences and backgrounds among Board members, including expertise in various industries such as metal ore waste processing and environmental management[172][177]. Expenses and Financial Management - Selling expenses for the year ended 31 December 2024 were approximately RMB 2.1 million, representing an increase of approximately 40.0% compared to RMB 1.5 million for the year ended 31 December 2023[70]. - The Group's administrative expenses for the year ended 31 December 2024 were approximately RMB 52.0 million, representing an increase of approximately 41.7% from RMB 36.7 million for the year ended 31 December 2023[75]. - The increase in administrative expenses was primarily due to a RMB 3.1 million rise in salaries and wages related to the commencement of a new production line and R&D projects, and a RMB 3.9 million increase in depreciation of property, plant, and equipment[76]. - The Group's net finance costs for the year ended 31 December 2024 were approximately RMB 5.5 million, a decrease of approximately 27.6% from RMB 7.6 million for the year ended 31 December 2023[77]. - The Group's income tax expense for the year ended 31 December 2024 was approximately RMB 13.5 million, reflecting an increase of approximately 264.9% compared to RMB 3.7 million for the year ended 31 December 2023[85]. - The effective tax rate increased from approximately 17.3% for the year ended 31 December 2023 to approximately 18.4% for the year ended 31 December 2024, mainly due to a smaller portion of revenue from pyrite concentrate sales entitled to a 10% reduction in CIT[86]. Capital Expenditure and Commitments - The Group incurred capital expenditure of approximately RMB 133.6 million for the year ended 31 December 2024, compared to RMB 78.2 million for the year ended 31 December 2023[92]. - As at 31 December 2024, the Group had capital commitments of approximately RMB 47.4 million, an increase from approximately RMB 17.5 million as at 31 December 2023[93]. - The total net book value of assets pledged to secure the Group's borrowings amounted to approximately RMB 25.1 million for land use rights, RMB 74.2 million for buildings, and RMB 73.7 million for machinery as at 31 December 2024[94]. Legal and Compliance - The Group did not have any material contingent liabilities as at December 31, 2024 and is not involved in any material legal proceedings[95]. - The company has a strong focus on production safety and environmental protection, as evidenced by the extensive experience of its senior management team[140][142].

Financial Performance - For the fiscal year ending December 31, 2024, the group's total revenue was approximately RMB 233.9 million, an increase of about 116.6% compared to RMB 108.0 million for the fiscal year ending December 31, 2023[4] - The group's gross profit for the fiscal year ending December 31, 2024, was approximately RMB 131.8 million, representing an increase of about 121.1% from RMB 59.6 million for the fiscal year ending December 31, 2023[4] - The profit attributable to the owners of the company for the fiscal year ending December 31, 2024, was approximately RMB 60.0 million, a significant increase of about 242.9% from RMB 17.5 million for the fiscal year ending December 31, 2023[5] - Basic earnings per share attributable to the owners of the company for the fiscal year ending December 31, 2024, was approximately RMB 0.060, compared to RMB 0.017 for the fiscal year ending December 31, 2023[5] - The company reported operating profit of approximately RMB 78.8 million for the fiscal year ending December 31, 2024, compared to RMB 28.8 million for the fiscal year ending December 31, 2023[7] - The company reported a net profit of RMB 59,772 thousand for the fiscal year ending December 31, 2024, compared to RMB 17,493 thousand in the previous year[26][28] - The total revenue for the company was RMB 233,908,000 in 2024, compared to RMB 107,988,000 in 2023, indicating an increase of approximately 116.5%[30] - The company achieved a milestone in extending its industrial chain with the launch of sulfur concentrate reprocessing products, marking a significant step in its project development[75] Assets and Liabilities - The total assets of the company as of December 31, 2024, amounted to RMB 921.2 million, an increase from RMB 796.7 million as of December 31, 2023[11] - The equity attributable to the owners of the company as of December 31, 2024, was RMB 530.9 million, compared to RMB 471.2 million as of December 31, 2023[11] - As of December 31, 2024, the total liabilities amounted to RMB 378,290,000, an increase from RMB 325,465,000[13] - The total equity and liabilities amounted to RMB 921,193,000, reflecting a growth from RMB 796,655,000[13] - The total liabilities for the hazardous waste treatment segment were RMB 249,685 thousand, and for the sulfur concentrate segment, they were RMB 124,246 thousand, resulting in total liabilities of RMB 378,290 thousand[26] Revenue Segments - For the fiscal year ending December 31, 2024, total segment revenue reached RMB 289,904 thousand, a significant increase from RMB 120,864 thousand in the previous year[26][28] - The segment profit for hazardous waste treatment and recycling was RMB 42,208 thousand, while the sulfur concentrate reprocessing segment reported a profit of RMB 39,085 thousand, contributing to a total profit of RMB 78,788 thousand[26] - Revenue from hazardous waste treatment services for gold mines was RMB 41,506,000 in 2024, compared to RMB 49,373,000 in 2023, representing a decrease of approximately 16.5%[30] - Revenue from the sale of sulfur concentrate increased significantly to RMB 67,663,000 in 2024 from RMB 34,775,000 in 2023, marking an increase of approximately 94.8%[30] - Total revenue from sulfur concentrate and its processed products reached RMB 115,181,000 in 2024, a substantial rise from RMB 10,321,000 in 2023[30] Costs and Expenses - Total costs for the year were RMB 156,208,000 in 2024, significantly higher than RMB 86,562,000 in 2023, indicating an increase of approximately 80.4%[40] - Administrative expenses for the year ending December 31, 2024, were approximately RMB 52.0 million, an increase of about 41.7% compared to approximately RMB 36.7 million for the year ending December 31, 2023[88] - Financing costs netted approximately RMB 5.5 million for the year ending December 31, 2024, a decrease of about 27.6% from approximately RMB 7.6 million for the year ending December 31, 2023[89] - Other income decreased significantly from approximately RMB 5.4 million for the year ending December 31, 2023, to approximately RMB 1.3 million for the year ending December 31, 2024[85] Taxation - The income tax expense for the year ended December 31, 2024, was RMB 13,472 million, significantly higher than RMB 3,653 million in 2023, representing an increase of approximately 269.5%[44] - The company's income tax expense for the year ending December 31, 2024, is approximately RMB 13.5 million, an increase of about 264.9% compared to RMB 3.7 million for the year ending December 31, 2023[92] - The effective tax rate increased from approximately 17.3% for the year ending December 31, 2023, to about 18.4% for the year ending December 31, 2024, primarily due to a lower proportion of revenue from the sale of sulfur concentrate, which enjoys a 10% tax reduction[92] Corporate Governance - The company has adopted corporate governance principles in line with the listing rules to safeguard shareholder interests and enhance corporate value[114] - The company has established an audit committee to ensure compliance with financial reporting and internal control systems as per listing rules[116] - The audit committee consists of three members, with Mr. Liu Zhongwei serving as the chairman, possessing the required professional qualifications[117] - The financial statements for the year ending December 31, 2024, have been reviewed and recommended for approval by the audit committee[117] Future Plans and Investments - The company has not made any significant investments, acquisitions, or disposals of subsidiaries, joint ventures, or associates during the reporting period[108] - The company has no significant future plans for major investments or capital assets beyond those disclosed in previous announcements[104] - The company plans to enhance its technological innovation capabilities and optimize its product structure to drive diversified development and improve resource utilization efficiency[76] - The company expects to further expand its product portfolio and improve profitability stability through the successful implementation of related projects[75]

Financial Performance - Revenue for the six months ended June 30, 2024, reached RMB 105,104,000, a 113.4% increase from RMB 49,159,000 in 2023[5] - Gross profit for the same period was RMB 51,877,000, compared to RMB 31,132,000 in 2023, reflecting a 66.9% increase[5] - Profit before income tax increased to RMB 25,864,000, up from RMB 13,620,000, marking an increase of 90.0% year-on-year[5] - Profit for the period attributable to owners of the Company was RMB 20,446,000, a significant rise of 94.5% from RMB 10,525,000 in 2023[5] - Total comprehensive income for the period was RMB 18,860,000, compared to RMB 10,559,000 in 2023, indicating an increase of 78.0%[5] - The Group's revenue for the six months ended June 30, 2024, was approximately RMB 105.1 million, representing an increase of approximately 113.6% compared to the same period last year[14] - The net profit for the same period was approximately RMB 20.4 million, reflecting an increase of approximately 94.3% year-on-year[14] - Gross profit increased from approximately RMB 31.1 million to approximately RMB 51.9 million, although the overall gross profit margin decreased from approximately 63.3% to approximately 49.4%[14][15] - The Group's gross profit for the six months ended June 30, 2024, was approximately RMB 51.9 million, an increase of approximately 66.9% compared to RMB 31.1 million for the same period in 2023[32] - Other income rose from approximately RMB 1.7 million for the six months ended June 30, 2023, to approximately RMB 2.3 million for the same period in 2024, reflecting an increase of approximately 35.3%[38] - Selling expenses increased by approximately 128.6% to approximately RMB 1.6 million for the six months ended June 30, 2024, compared to RMB 0.7 million in the previous year[38] - Administrative expenses increased by approximately 39.2% to approximately RMB 23.1 million for the six months ended June 30, 2024, up from RMB 16.6 million in the same period of 2023[39] - The Group's income tax expense was approximately RMB 5.4 million for the six months ended June 30, 2024, representing an increase of approximately 74.2% compared to RMB 3.1 million for the same period in 2023[49] - The effective tax rate for the Group was approximately 20.9% for the six months ended June 30, 2024, down from 22.7% in the previous year, primarily due to increased sales of pyrite concentrate and higher research and development expenses[49] Operational Developments - The Company has commenced production operations of a new production line for sulphuric acid, enhancing resource recovery from hazardous waste[10] - The Group is focusing on building a resource-cycling industry system and promoting product extension and expansion in 2024[16] - New production lines launched at the end of 2023 significantly contributed to the Group's revenue growth[15][16] - The Group is engaged in the production and R&D of new products such as sulfamic acid, magnesium sulfate, and magnesium fertilizers, with phased results achieved[18][20] - The Group holds a total of ten patented technologies, enhancing its long-term competitiveness and innovation capabilities[19][20] - The Group aims to leverage its strengths in recycled product production to extend its value chain and improve core competitiveness[18][20] - The company is actively promoting the comprehensive utilization of solid waste resources towards high-value development[19] - The Group's strategic approach includes expanding hazardous waste recycling and guiding the development of solid waste recycling projects[15] - The principal market for the company is located in Laizhou city, Shandong province, China, where the majority of revenue and operating profit are generated[181] - The company has commenced production and sales of products from the reprocessing of pyritic concentrate since late 2023, expanding its operational capabilities[181] Market Position and Challenges - The hazardous waste market is facing challenges due to a sluggish global economy and intensified competition, impacting demand and supply dynamics[11] - The Company is the only entity in Laizhou city with a Hazardous Waste Business Licence, positioning it uniquely in the market[10] - The strategic location of production facilities in Laizhou city capitalizes on the region's leading gold reserves[10] - The Company achieved year-on-year growth despite adverse industry conditions, attributed to effective business strategies and stakeholder collaboration[11] Financial Position and Cash Flow - Total assets as of June 30, 2024, amounted to RMB 764,039,000, a decrease from RMB 796,655,000 as of December 31, 2023[137] - Total equity attributable to owners of the Company increased to RMB 490,050,000 from RMB 471,190,000[137] - Non-current liabilities decreased to RMB 129,299,000 from RMB 147,768,000[137] - Current liabilities decreased to RMB 144,690,000 from RMB 177,697,000[137] - Cash and cash equivalents decreased to RMB 29,686,000 from RMB 76,119,000[137] - Trade receivables decreased to RMB 26,563,000 from RMB 40,642,000[137] - Inventories decreased to RMB 28,656,000 from RMB 34,348,000[137] - Cash generated from operations for the six months ended June 30, 2024, was RMB 40,940,000, leading to a net cash generated from operating activities of RMB 36,045,000, compared to a net cash used of RMB 20,091,000 in 2023[141] - The company reported net cash used in investing activities of RMB 68,318,000 for the six months ended June 30, 2024, compared to RMB 31,729,000 in the same period of 2023[141] - The net cash used in financing activities was RMB 14,258,000 for the six months ended June 30, 2024, compared to a net cash generated of RMB 31,723,000 in 2023[141] Shareholder Information and Corporate Governance - As of June 30, 2024, Zeming International Investment Co., Ltd holds 589,500,000 shares, representing approximately 58.95% of the company's total shares[70] - Ms. Li Liyan, as the spouse of Mr. Liu, has an interest in 595,500,000 shares, equating to approximately 59.55% of the company's total shares[70] - The company did not recommend the payment of any interim dividend for the six months ended June 30, 2024[74] - The Group employed 296 employees as of June 30, 2024[75] - The remuneration policy for employees is based on local market standards, industry benchmarks, and employee performance[75] - The Directors' emoluments are reviewed by the remuneration committee and approved by the Board, considering the Group's profitability and market conditions[76] - The company has adopted a code of conduct for securities transactions by directors, which meets or exceeds the standards set out in the Model Code[95] - Directors have confirmed compliance with the required standards during the reporting period[95] - The company has adopted and complied with the Corporate Governance Code for the six-month period ended June 30, 2024[100] Capital Expenditure and Funding - Capital expenditure for the six months ended June 30, 2024, was approximately RMB 46.2 million, down from approximately RMB 78.2 million as of December 31, 2023[50] - As of June 30, 2024, the Group's capital commitments amounted to approximately RMB 28.5 million, an increase from RMB 17.5 million as of December 31, 2023[50] - The total net book value of assets pledged to secure the Group's borrowings was approximately RMB 28.6 million as of June 30, 2024, compared to RMB 29.1 million as of December 31, 2023[50] - The gearing ratio as of June 30, 2024, was approximately 42.1%, down from 46.6% as of December 31, 2023[57] - The Group's treasury policy focuses on managing liquidity risk and ensuring the fulfillment of funding requirements for business development[53] - The Group does not currently have a hedging policy for foreign exchange risk, as it primarily operates in RMB, with minimal exposure to HKD fluctuations[53] Compliance and Risk Management - The Group's condensed consolidated interim financial statements for the six months ended June 30, 2024, have been prepared in accordance with IAS 34 Interim Financial Reporting[163] - The Group did not change its accounting policies or make retrospective adjustments due to the adoption of new or amended standards effective from January 1, 2024[166] - Management is currently assessing the effects of applying new standards and amendments on the Group's financial statements, with no significant impact expected[172] - The company has not made any changes to its risk management policies since the end of the previous year[181] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[94] - There were no significant labor disputes or difficulties in recruiting and retaining experienced employees during the reporting period[84]

Financial Performance - For the six months ended June 30, 2024, the total revenue of Hongcheng Environmental Technology Company Limited was approximately RMB 105.1 million, an increase of about 113.6% compared to RMB 49.2 million for the same period in 2023[1]. - The gross profit for the same period was approximately RMB 51.9 million, up about 66.9% from RMB 31.1 million in the previous year, with the overall gross profit margin decreasing from approximately 63.3% to 49.4%[1]. - The net profit for the six months ended June 30, 2024, was approximately RMB 20.4 million, representing an increase of about 94.3% compared to RMB 10.5 million for the same period in 2023[1]. - The basic earnings per share attributable to the owners of the company for the period was approximately RMB 0.02, compared to RMB 0.01 in the previous year[2]. - The operating profit for the six months ended June 30, 2024, was RMB 29.3 million, an increase from RMB 16.9 million in the same period of 2023[2]. - Revenue for the six months ended June 30, 2024, was RMB 105,104 thousand, a significant increase from RMB 49,159 thousand in the same period of 2023, representing a growth of 114%[14]. - The group reported a net profit of RMB 20,446 thousand for the six months ended June 30, 2024, compared to RMB 10,525 thousand for the same period in 2023, reflecting a year-on-year increase of approximately 94%[12]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 764.0 million, a decrease from RMB 796.7 million as of December 31, 2023[3]. - Total liabilities as of June 30, 2024, were RMB 273.9 million, down from RMB 325.5 million as of December 31, 2023[4]. - The company reported a decrease in cash and cash equivalents to RMB 29.7 million from RMB 76.1 million as of December 31, 2023[3]. - The total net book value of fixed assets as of June 30, 2024, is RMB 415,635 thousand, down from RMB 384,860 thousand at the beginning of the year[30]. - Trade receivables related to the sale of sulfur concentrate decreased to RMB 21,495 thousand as of June 30, 2024, from RMB 40,234 thousand as of December 31, 2023[33]. - As of June 30, 2024, total liabilities amounted to RMB 33,336,000, a decrease of 56.6% from RMB 76,845,000 as of December 31, 2023[39]. Revenue Segments - Revenue from hazardous waste treatment services for gold mines decreased to RMB 19,150 thousand, down 38.5% from RMB 31,161 thousand in 2023[14]. - Revenue from the sale of sulfur concentrate increased to RMB 34,866 thousand, up 224% from RMB 10,745 thousand in 2023[14]. - Revenue from sulfur concentrate reprocessing products, including sulfuric acid, iron powder, and electricity, was RMB 46,309 thousand, with no revenue reported in the previous year[14]. - The segment profit before tax for hazardous waste processing was RMB 19,820 thousand, while the sulfur concentrate segment reported a profit of RMB 10,805 thousand, contributing to a total profit before tax of RMB 25,864 thousand for the group[12]. Operational Highlights - The company has been engaged in providing hazardous waste treatment services and recovering economically valuable resources in Shandong Province, China[5]. - The group has identified two main operational segments: hazardous waste treatment and sulfur concentrate processing, with a focus on expanding the sulfur concentrate reprocessing product line[11]. - The company is the only entity in Laizhou City, Shandong Province, to have received a hazardous waste operating permit from the Yantai Environmental Protection Bureau[44]. - The company plans to focus on expanding its product line and enhancing resource recycling capabilities, particularly in hazardous waste management and the development of new products such as ammonium sulfate and magnesium sulfate[47]. Expenses and Costs - Administrative expenses for the six months ended June 30, 2024, were approximately RMB 23.1 million, an increase of about 39.2% compared to RMB 16.6 million for the same period in 2023[57]. - The increase in administrative expenses was primarily due to employee benefits rising by approximately RMB 1.6 million due to new production lines, and tax expenses increasing by about RMB 1.0 million due to higher revenue[57]. - Sales expenses rose to approximately RMB 1.6 million, an increase of about 128.6% compared to RMB 0.7 million in the same period last year, driven by increased hospitality expenses[56]. - The cost of inventory for the six months ended June 30, 2024, was RMB 13,382 thousand, an increase from RMB 7,435 thousand in 2023, representing an increase of 80%[22]. Financing and Investments - The company raised approximately RMB 177.3 million from the issuance of 250,000,000 shares, net of underwriting commissions and other related listing expenses[71]. - 86.7% of the raised funds (approximately RMB 188.4 million) is allocated for establishing new production facilities with a processing capacity of 600,000 tons[72]. - 3.9% of the raised funds (approximately RMB 8.5 million) is designated for enhancing R&D capabilities to optimize existing products and expand product varieties[72]. - Capital expenditures for the six months ended June 30, 2024, amounted to approximately RMB 46.2 million, compared to RMB 78.2 million for the year ended December 31, 2023[63]. Corporate Governance and Compliance - The company has adopted the principles of the corporate governance code as per the listing rules and is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[79]. - The board's audit committee has reviewed the accounting principles and policies adopted by the company during the reporting period[79]. - The company has no significant contingent liabilities or major legal proceedings that could adversely affect its business or operations[66].

Revenue Performance - For the year ended 31 December 2023, the Group's total revenue was approximately RMB 108.0 million, representing a decrease of approximately 51.5% compared to RMB 222.8 million for the year ended 31 December 2022[26]. - Revenue from sales of pyrite concentrate and gold mine hazardous waste treatment services decreased by approximately 73.6% and 35.4%, respectively, compared to the previous year[26]. - The Group's revenue from hazardous waste treatment services and sales of pyrite concentrate accounted for approximately 87.5% of total revenue, down from 93.5% in the previous year[25]. - For the year ended December 31, 2023, total revenue decreased significantly, with revenues from gold mine hazardous waste treatment services, sales of pyrite concentrate, and sales of products from reprocessing accounting for approximately 87.5% of total revenue, down from 93.5% in 2022[193]. - The Group's gold mine hazardous waste treatment services generated revenue of RMB 49.37 million, accounting for 45.7% of total revenue in 2023[192]. - Sales of pyrite concentrate amounted to RMB 34.78 million, representing 32.2% of total revenue, a significant decline from RMB 131.86 million in 2022[192]. Profitability and Financial Metrics - The Group's gross profit for the year ended December 31, 2023, was approximately RMB 59.6 million, representing a decline of approximately 58.6% from RMB 144.0 million for the year ended December 31, 2022[39]. - The overall gross profit margin decreased from approximately 64.6% in 2022 to approximately 55.2% in 2023, attributed to lower margins in pyrite concentrate sales and hazardous waste treatment services[40]. - The net profit for the same period was approximately RMB 17.5 million, representing a year-on-year decrease of 78.2%[170]. - The Group's gross profit margin for sales of pyrite concentrate decreased from approximately 61.3% in 2022 to approximately 45.1% in 2023, impacting overall profitability[40]. - The Group's net finance costs were approximately RMB 7.6 million, an increase of 52.0% compared to RMB 5.0 million for the year ended December 31, 2022[29]. Operational Developments - The new product line, which started production in Q4 2023, includes sulfuric acid, iron powder, and electricity, contributing to the diversification of the product portfolio[27]. - The new production line commenced operations in 2023, producing sulfuric acid, iron powder, and electricity, which expanded the Group's product portfolio and aimed to achieve stable profitability[34]. - A new production line for sulfuric acid began operations in 2023, allowing the Group to recycle cyanide tailings and produce economically valuable resources[169]. - The Group commenced production of a new production line in Q4 2023, aimed at diversifying the product portfolio, although initial sales from this line were insufficient to offset declines in pyrite concentrate sales[194]. Research and Development - The Group plans to increase investment in scientific research and accelerate the transformation of R&D achievements to support high-quality development[12]. - The Group plans to enhance its research and development efforts and focus on high-value resource recycling in 2024, aligning with national green development policies[37]. - Three new patents were obtained during the reporting period, enhancing the protection of the Group's R&D achievements[185]. Corporate Governance - The company emphasizes the importance of good corporate governance elements in its management structure and internal control procedures[61]. - The roles of the chairman and the CEO are separated to maintain independence and accountability[64]. - The company has adopted a board diversity policy to maintain a balanced mix of experiences and backgrounds among its Board and senior management team[86]. - The Board consists of three independent non-executive Directors with diverse industry backgrounds and a wide age range from 34 to 58 years old[86]. - The company is committed to high standards of corporate governance to safeguard shareholder interests and enhance corporate value[77]. - The independent non-executive Directors are responsible for supervising the Board and providing independent judgment[73]. Market and Economic Environment - The Group continues to face challenges from a complex international environment and intensifying industry competition[165]. - The market price of products in the sulfuric acid-related market dropped significantly, impacting the sales volume and unit price of pyrite concentrate[194]. Future Strategies - The Group aims to optimize its product structure and enhance resource utilization efficiency as part of its strategy to strengthen its market competitiveness[167]. - The Group aims to become a leader in the circular economy by expanding its business and optimizing product structure[181]. - The Group's strategy focuses on promoting the circular economy and enhancing profitability through a diversified product portfolio, including the new sulfuric acid production line[200]. - The Group aims to optimize the industrial chain of gold solid waste recycling to contribute to sustainable practices and growth opportunities[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 107,988,000, a decrease of 51.5% compared to RMB 222,801,000 in 2022[8] - Gross profit for the same period was RMB 59,634,000, representing a gross margin of approximately 55.2%[8] - Operating profit decreased to RMB 28,769,000 from RMB 108,800,000, reflecting a decline of 73.5% year-over-year[8] - Net profit attributable to the owners of the company was RMB 17,493,000, down 78.2% from RMB 80,216,000 in the previous year[8] - For the fiscal year ending December 31, 2023, the company's revenue and net profit were approximately RMB 108.0 million and RMB 17.5 million, representing declines of 51.5% and 78.2% respectively compared to the fiscal year ending December 31, 2022[127] - The group’s gross profit was approximately RMB 59.6 million, a decrease of about 58.6% compared to approximately RMB 144.0 million for the year ended December 31, 2022[146] - The overall gross margin declined from approximately 64.6% for the year ended December 31, 2022, to approximately 55.2% for the year ended December 31, 2023[147] Revenue Breakdown - The company recognized revenue from hazardous waste treatment services of RMB 49,373,000, down 35.5% from RMB 76,439,000 in 2022[23] - Revenue from the sale of sulfur concentrate decreased to RMB 34,775,000 from RMB 131,855,000, a decline of 73.7%[23] - Revenue from gold mine hazardous waste treatment services, sulfur concentrate sales, and sulfur concentrate reprocessed products accounted for approximately 87.5% of total revenue for the year ended December 31, 2023, down from 93.5% in the previous year[154] - The decline in revenue was primarily due to a 73.6% decrease in sales of sulfur concentrate and a 35.4% decrease in revenue from hazardous waste treatment services[137] Assets and Liabilities - The company reported total assets of RMB 796,655,000, an increase from RMB 757,787,000 in 2022[11] - Total liabilities rose to RMB 325,465,000 from RMB 304,170,000, indicating an increase of 7.5%[11] - Total equity increased to RMB 471,190,000 as of December 31, 2023, compared to RMB 453,617,000 in 2022[33] - The group’s cash and cash equivalents rose to RMB 76,119,000 from RMB 59,160,000 in the previous year, indicating a 28.7% increase[32] - The debt-to-equity ratio as of December 31, 2023, was approximately 46.6%, up from about 30.0% as of December 31, 2022[171] Earnings Per Share - The company reported a basic and diluted earnings per share of RMB 0.017, compared to RMB 0.080 in the previous year[8] - Basic earnings per share for 2023 were RMB 0.017, a decrease of 78.75% from RMB 0.080 in 2022, with weighted average shares outstanding remaining at 1 billion[85] Expenses and Costs - The financing costs net amount for the year ended December 31, 2023, was RMB 7,623 thousand, an increase from RMB 5,037 thousand for the year ended December 31, 2022[54] - Selling expenses decreased by approximately 48.3% to about RMB 1.5 million for the year ended December 31, 2023, compared to approximately RMB 2.9 million in the previous year[158] - Administrative expenses increased by approximately 12.6% to about RMB 36.7 million for the year ended December 31, 2023, compared to approximately RMB 32.6 million in the previous year[160] - Net financing costs increased by approximately 52.0% to about RMB 7.6 million for the year ended December 31, 2023, compared to approximately RMB 5.0 million in the previous year[162] Capital Expenditures and Investments - Non-current asset additions totaled RMB 252,277,000, with significant investments in property, plant, and equipment[43] - Capital expenditures for the year ending December 31, 2023, amounted to approximately RMB 78.2 million, down from RMB 252.3 million for the year ending December 31, 2022[168] - The total cost of fixed assets as of December 31, 2023, was RMB 436,292,000, up from RMB 360,238,000 in 2022, marking an increase of 21.1%[90] Research and Development - The company has successfully applied for three new patents to enhance the protection of its R&D achievements during the reporting period[129] - The company is enhancing its R&D capabilities to optimize existing products and expand product varieties, allocating RMB 8.5 million (3.9% of total funds) for this purpose[200] - The company is collaborating with various institutions and universities for R&D in gold tailings disposal and resource recovery, enhancing its technological support for sustainable development[130] Corporate Strategy and ESG - The company aims to build a resource recycling industrial system and is focusing on hazardous waste recycling to extend its industrial chain and enhance core competitiveness[128] - The company is committed to integrating ESG principles into its corporate strategy and daily operations to achieve high-quality sustainable development[131] - The company has been recognized as a "Social Responsibility Enterprise" by various governmental bodies in Shandong Province during the reporting period[131] Market Conditions and Challenges - The company faced significant competition and challenges in the hazardous waste treatment industry, impacting its main business operations[141] - The market price for sulfuric acid remains low, which has affected the new revenue sources from the new product line[145] Future Plans - The company plans to establish new production facilities with an annual processing capacity of 600,000 tons, utilizing RMB 188.4 million (86.7% of total funds) for this purpose, expected to be fully utilized by 2024[200] - The group plans to enhance resource utilization efficiency and transition from "low efficiency, low value" to "high efficiency, high value" in hazardous waste treatment and recycling[137]

Revenue and Profitability - The Group's revenue from gold mine hazardous waste treatment services and sales of recycled products was approximately RMB 39.3 million, representing a 63.4% increase compared to the previous period[14]. - The company's revenue for the six months ended June 30, 2023, was approximately RMB 49.2 million, representing a decrease of 57.1% compared to the same period in 2022[124]. - Revenue from hazardous waste treatment services and sales of recycled products accounted for about 85.3% of total revenue, down from 93.7% in the previous year[161]. - The gross profit decreased to approximately RMB 31.1 million, with a gross margin of 63.3%, down from RMB 77.2 million and 67.4% in the previous year[125]. - Gross profit for the same period was approximately RMB 31.1 million, representing a decrease of approximately 59.7% from RMB 77.2 million in the prior year[162]. - The gross profit margin for recycled product sales dropped from approximately 68.3% to 50.0%, while the gross profit margin for hazardous waste treatment services slightly increased from 65.4% to 66.4%[28]. - The decrease in total revenue was primarily attributed to a decline in sales from recycled products and hazardous waste treatment services, which fell by 84.2% and 20.7%, respectively[161]. Financial Position - As of June 30, 2023, the Group's cash and cash equivalents were approximately RMB 39.1 million, compared to RMB 59.2 million as of December 31, 2022[20]. - The gearing ratio increased to approximately 35.8% as of June 30, 2023, up from approximately 30.0% as of December 31, 2022[20]. - The total net book value of assets pledged to secure the Group's bank borrowings was approximately RMB 29.5 million as of June 30, 2023, compared to RMB 21.9 million as of December 31, 2022[30]. - The Group's total net asset value was approximately RMB 12.9 million, down from approximately RMB 15.6 million as of December 31, 2022[184]. - The Group's total net asset value of buildings was approximately RMB 35.8 million as of June 30, 2023, down from approximately RMB 40.8 million as of December 31, 2022[184]. Expenses and Taxation - For the six months ended June 30, 2023, the Group's income tax expense was approximately RMB 3.1 million, a decrease of approximately 77.2% compared to RMB 13.6 million for the same period in 2022[30]. - The effective tax rate for the six months ended June 30, 2023 was approximately 22.7%, down from 23.3% for the same period in 2022[30]. - Administrative expenses for the first half of 2023 were approximately RMB 16.6 million, relatively stable compared to RMB 16.9 million in the prior year[164]. - The Group's selling expenses were approximately RMB 0.7 million, a decrease of approximately 46.2% compared to RMB 1.3 million for the same period in 2022[181]. - The increase in employee benefit expenses was approximately RMB 1.3 million due to the preparation for the commencement of the New Production Line[182]. Strategic Initiatives and Market Conditions - The Group aims to expand its waste disposal industry chain and enhance its product layout based on local resource advantages and sustainable development principles[8]. - The Group plans to focus on technology research and development to innovate and upgrade its services in the second half of 2023[8]. - The hazardous waste treatment industry is facing severe competition and challenges, impacting the Group's operational performance during the reporting period[6]. - The company is facing unprecedented challenges due to complex international environments and competition in the hazardous waste industry[124]. - The Group's strategy includes leveraging its industry edges to achieve sustainable high-quality development despite the complex macroeconomic environment[7]. Employee and Governance - The Group had 264 employees as of June 30, 2023, with a total staff cost of approximately RMB 10.5 million for the six months ended June 30, 2023[1]. - The Group's employee remuneration policy is based on local market standards, industry benchmarks, and employee performance[1]. - There were no significant problems with employees due to labor disputes during the Reporting Period[52]. - The company has confirmed compliance with the Corporate Governance Code during the six months ended June 30, 2023[69]. Share Options and Capital Management - The Company has adopted a Share Option Scheme, which allows for the issuance of options not exceeding 10% of the total number of Shares in issue, amounting to 100,000,000 Shares[53]. - No share options have been granted, exercised, canceled, or lapsed under the Share Option Scheme since its adoption[52]. - The maximum number of Shares that may be issued upon the exercise of all outstanding options must not exceed 30% of the share capital of the Company[54]. - The subscription price for Shares under the Share Option Scheme must not be less than the highest of the closing price on the date of the offer, the average closing price for the preceding five business days, or the nominal value of a Share[58]. - The company raised approximately RMB 177.3 million (equivalent to approximately HKD 217.3 million) from the issuance of 250,000,000 shares during its listing[77]. Future Outlook - The expected timeline for full utilization of the unutilized proceeds is by 2024[81]. - The Group intends to commence production of a sulfuric acid production line in the third quarter of 2023 to enrich its product portfolio[178]. - The Group's focus for the second half of 2023 includes promoting solid waste comprehensive utilization projects and enhancing the efficiency of resource utilization[152].

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份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。 HONGCHENG ENVIRONMENTAL TECHNOLOGY COMPANY LIMITED 鴻 承 環 保 科 技 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2265） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 鴻 承 環 保 科 技 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 公 佈 本公司及其附屬公司（「本集團」）截至二零二三年六月三十日止六個月（「報 告 期 間」）之 未 經 審 核 中 期 業 績，連 同 截 至 二 零 二 二 年 六 月 三 十 日 止 六 個月之比較數字。 業 績 摘 要 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月，本 集 團 總 收 益 約 為 人 民 幣49.2 百 萬 元，較 截 至 二 零 二 二 年 六 月 三 十 日 止 六 ...