Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 38,060,000, a decrease of 7.1% from HKD 41,009,000 in the same period of 2021[9] - Gross profit for the same period was HKD 19,889,000, down 10.4% from HKD 22,258,000 year-on-year[9] - The company reported a loss before tax of HKD 61,467,000, an improvement from a loss of HKD 81,526,000 in the previous year, indicating a reduction in losses by 24.6%[9] - Total comprehensive loss for the period was HKD 117,270,000, compared to HKD 52,911,000 in the prior year, reflecting an increase in losses[12] - The company reported a total loss for the period of HKD 58,455 million[65] - The company reported a loss attributable to shareholders of approximately HKD 58,455,000 for the six months ended June 30, 2022, compared to a loss of HKD 73,089,000 for the same period in 2021[77] - The gross profit decreased from approximately HKD 22,300,000 to about HKD 19,900,000, with a gross profit margin of 52.3% compared to 54.3% in the previous year[122] Assets and Liabilities - Non-current assets decreased to HKD 1,310,590,000 as of June 30, 2022, from HKD 2,311,807,000 at the end of 2021, a decline of 43.3%[16] - Current assets totaled HKD 1,174,413,000, significantly up from HKD 366,353,000 at the end of 2021, indicating a substantial increase in liquidity[16] - The company's equity attributable to owners decreased to HKD 897,844,000 from HKD 1,015,114,000, a decline of 11.6%[16] - Total liabilities decreased to 1,587,159 thousand HKD from 1,663,046 thousand HKD, representing a reduction of approximately 4.6%[19] - Current liabilities decreased to 1,147,928 thousand HKD from 1,663,046 thousand HKD, indicating a significant reduction in short-term obligations[19] - The company reported a total equity and liabilities of 2,485,003 thousand HKD, down from 2,678,160 thousand HKD, reflecting a decrease of approximately 7.2%[19] - The company’s total assets less current liabilities amounted to 1,337,075 thousand HKD, down from 1,861,563 thousand HKD, indicating a significant decline[19] - The company’s deferred tax liabilities were reported at 121,420 thousand HKD, down from 364,810 thousand HKD, showing a decrease of approximately 66.7%[19] - The company’s borrowings due within one year decreased to 31,765 thousand HKD from 142,622 thousand HKD, indicating improved short-term debt management[19] Cash Flow and Financing - The net cash generated from operating activities was negative at (5,638) thousand HKD, compared to a positive 20,277 thousand HKD in the previous year[48] - Cash and cash equivalents at the end of the period were 17,407 thousand HKD, down from 24,572 thousand HKD year-over-year[48] - The company incurred a financing cash outflow of (83,511) thousand HKD, compared to (18,436) thousand HKD in the previous year, highlighting increased financing costs[48] - New borrowings amounted to approximately HKD 55,979,000 for the six months ended June 30, 2022, compared to HKD 83,249,000 for the same period in 2021, reflecting a decrease of approximately 32.7%[89] - The company repaid approximately HKD 117,230,000 in borrowings during the first half of 2022, which is an increase from HKD 64,699,000 in the same period of 2021[89] - The total debt of the group as of June 30, 2022, was approximately HKD 341.9 million, a decrease from HKD 613.5 million as of December 31, 2021[135] - The debt-to-equity ratio as of June 30, 2022, was 89.9%, down from 95.1% as of December 31, 2021, while the current ratio improved to 102% from 45%[136] Operational Highlights - The property investment segment generated revenue of HKD 21,792 million, while the hotel segment reported a loss of HKD 1,948 million[65] - The property development segment did not generate any revenue during the reporting period[65] - The group’s total external sales for the property management segment were HKD 16,268 million[65] - Total employee costs decreased to HKD 13,685,000 in the first half of 2022 from HKD 16,092,000 in the same period of 2021, reflecting a reduction of approximately 15.5%[75] - The total number of employees as of June 30, 2022, was approximately 178, a decrease from 183 in the previous year[168] Corporate Governance and Management - The company has maintained compliance with corporate governance codes, with some deviations noted[161] - The audit committee consists of three independent non-executive directors, with Mr. Wu Zhihao serving as the chairman[177] - The audit committee has reviewed the unaudited consolidated financial performance for the period[178] - The company appointed Mr. Li Chaobo as the new CEO on July 25, 2022, following the resignation of Mr. Ye Tianfang[176] Future Outlook and Strategy - The company plans to closely monitor industry developments and continue implementing strategic development plans to optimize its investment portfolio and reduce operating costs[137] - The ongoing COVID-19 pandemic and geopolitical tensions continue to create significant uncertainty for global economic recovery, prompting the company to adopt necessary health measures[137] - The company aims to enhance its market competitiveness and value by seizing investment opportunities arising from future economic recovery[137] Shareholder Information - The company’s major shareholders include Mr. Li Chaobo, who holds approximately 23.3% of the shares, and Mr. Ji Jiaming, who holds approximately 3.2%[141] - Major shareholders include LIHL with approximately 23.30% and CFIIL with approximately 22.32% of ordinary shares[31] - The company has a new share option plan that allows for the granting of options to subscribe for up to 312,827,854 shares, representing about 10% of the issued share capital as of June 30, 2022[146] Investment and Assets - The company has a total of approximately HKD 1.26 billion in properties and related assets pledged as collateral for bank financing as of June 30, 2022[135] - The total fair value of the Future City shopping center as of June 30, 2022, was approximately HKD 1,133,000,000, generating rental income of about HKD 15,000,000 during the period[111] - The total fair value of the Longgang property was approximately HKD 912,000,000 as of June 30, 2022, with rental income of about HKD 6,800,000 during the period[114] - The company has not sold any investment properties during the first half of 2022, consistent with the previous year[81] - As of June 30, 2022, the company did not hold any significant investments[172] - The company has no current agreements or future plans for significant investments or capital assets[171]

Financial Performance - The group's consolidated revenue increased by 1.9% from approximately HKD 73.7 million in 2020 to approximately HKD 75.1 million in 2021[12] - The overall gross profit rose by 40.9% from approximately HKD 29.1 million in 2020 to approximately HKD 41.0 million in 2021, with a gross profit margin increasing from 39.5% to 54.6%[12] - The group reported a loss attributable to owners of approximately HKD 167.1 million for the year ended December 31, 2021, compared to a loss of HKD 85.3 million in 2020[12] - The group did not recommend any final dividend for the year ended December 31, 2021[12] - The cost of sales decreased to approximately HKD 34.1 million from HKD 44.6 million in the previous year, primarily due to reduced costs in property development[28] - Other operating income decreased from approximately HKD 43,000,000 to approximately HKD 8,800,000, primarily due to a reduction in interest income and COVID-19 related rent concessions[30] - Other operating expenses decreased significantly from approximately HKD 91,200,000 to approximately HKD 2,000,000, mainly due to impairment losses in goodwill and property inventory[31] - The fair value change of investment properties resulted in a loss of approximately HKD 76,500,000 for the current year, compared to a loss of HKD 235,400,000 in the previous year[32] - Selling and distribution expenses decreased by 29.4% from approximately HKD 3,400,000 to approximately HKD 2,400,000, attributed to reduced advertising and promotion costs[33] - Administrative expenses decreased by 17.0% from approximately HKD 68,300,000 to approximately HKD 56,700,000, mainly due to reduced employee costs[35] - Financial expenses decreased from approximately HKD 149,100,000 to approximately HKD 96,200,000, primarily due to lower interest expenses on bank acceptances and borrowing costs[36] - The company recorded a tax credit of approximately HKD 19,100,000 for the current year, down from HKD 58,100,000 in the previous year[37] - The debt-to-asset ratio increased to 95.1% from 76.2% in the previous year, primarily due to increases in convertible bonds and borrowings[42] Real Estate and Property Management - The average selling price for real estate was HKD 12,326 per square meter, with a total sold area of 1,363 square meters in 2020[14] - The occupancy rate of the Future City shopping center reached 95% as of December 31, 2021, up from 92% a year earlier[15] - The group completed the acquisition of Precious Palace Enterprises Limited for approximately HKD 795 million on July 19, 2019[16] - As of December 31, 2021, the total fair value of the Future City and Longgang properties was approximately HKD 2,131.7 million, a slight decrease from HKD 2,146.4 million in 2020[17] - Rental income from investment properties for the year ended December 31, 2021, was approximately HKD 39.7 million, up from HKD 30.5 million in 2020, with an average occupancy rate of 93.9%[17] - Revenue from the Future City Hotel for the year ended December 31, 2021, was approximately HKD 10.8 million, compared to HKD 7.9 million in 2020, with an average occupancy rate of 33%[19] - Revenue from property management services increased to approximately HKD 24.7 million for the year ended December 31, 2021, from HKD 18.5 million in 2020[20] - The Longgang property has a total land area of 14,971 square meters and a total construction area of 36,876 square meters, with a current occupancy rate of 95%[24] - The Future City project covers a total area of 19,191 square meters with a total construction area of 145,273 square meters, located in a prime commercial area of Wuhan[20] Corporate Governance and Compliance - The company emphasizes the importance of maintaining good relationships with suppliers and customers to achieve its short-term and long-term goals[68] - The company is committed to enhancing governance, promoting employee welfare, and protecting the environment to fulfill its social responsibilities and achieve sustainable growth[70] - The company has implemented various internal control measures and training to ensure compliance with applicable laws and regulations[72] - The company has not violated any laws or regulations that significantly impact its operations during the review year[72] - The company has a strong commitment to corporate governance and compliance with relevant laws and regulations[70] - The audit committee reviewed the financial performance for the year ending December 31, 2021, and confirmed compliance with applicable accounting standards[110] - The company maintained compliance with public float requirements as per listing rules as of the report date[114] Environmental, Social, and Governance (ESG) Initiatives - The company has integrated its environmental, social, and governance (ESG) management system to enhance board-level oversight[128] - The company has maintained a team responsible for coordinating all ESG-related matters and regularly engages with stakeholders to assess their opinions on ESG strategies[128] - The company emphasizes sustainable development efforts and has included all subsidiaries in its ESG report for the fiscal year ending December 31, 2021[126] - The company has established communication channels with stakeholders, including shareholders, employees, customers, and suppliers, to address their concerns and ensure transparency[131] - The company has committed to aligning its operations with ESG reporting guidelines and relevant legal requirements in China[131] - The company has recognized the importance of continuous improvement in ESG measures based on annual business challenges[128] - Indirect CO2 emissions increased by approximately 34.57% from 2,359.41 tons in 2020 to 3,175.08 tons in 2021 due to increased operational activities[138] - CO2 emissions from the Hong Kong office rose by 3.95% to 12.35 tons, while emissions from Wuhan surged by 34.73% to 3,162.73 tons[138] - The company aims to reduce indirect CO2 emissions by 1% to 2% in the coming year through various environmental measures[141] - The company reported no violations of environmental laws or regulations in 2021, consistent with 2020 performance[141] - The company has committed to improving its environmental performance by reducing CO2 emissions and other pollutants while conserving natural resources[149] Employee Relations and Workforce - The total number of employees remained stable at 178 in 2021, the same as in 2020, with no significant changes in employment structure[171] - The employee turnover rate for the company was 5.62% in 2021, showing a slight increase from previous years[186] - The company maintained compliance with all employment laws in China and Hong Kong, with no disputes regarding salaries, benefits, or working conditions reported[170] - The company provided statutory benefits to all eligible employees, including mandatory provident funds and social insurance[170] - The gender distribution of employees in 2021 was 101 males and 77 females, compared to 109 males and 102 females in 2020[175] - The company has implemented policies to ensure equal opportunities in hiring, promotions, and compensation, free from discrimination[168] - The training participation rate for employees in 2021 was 30.90%, a decrease from 43.60% in 2020[195] - The average training hours per employee in 2021 were 3.66 hours, down from 4.14 hours in 2020[197] - Male employees received an average of 461.62 training hours in 2021, while female employees received 189.38 hours[197] - The company has not faced any labor lawsuits or allegations during the reporting period of 2021, consistent with the performance in 2020[198]

中國城市基礎設施集團有限公司 China City Infrastructure Group Limited (於開曼群島註冊成立之有限公司) 胎份代號：2349 : = 2021 中期報告 目錄 中國城市基礎設施集團有限公司 二零二一年中期報告 中國城市基礎設施集團有限公司 二零二一年中期報告 目錄 1 目錄 | --- | --- | |------------------------------|-------| | | | | | | | 公司資料 | | | 簡明綜合損益表 | | | 簡明綜合損益及其他全面收益表 | | | 簡明綜合財務狀況報表 | | | 簡明綜合權益變動表 | | | 簡明綜合現金流量報表 | | | 簡明綜合財務報表附註 | | | 管理層討論及分析 | | | 權益披露 | | | 企業管治 | | | 其他資料 | | 2 3 4 5 7 8 9 23 28 32 33 公司資料 中國城市基礎設施集團有限公司 二零二一年中期報告 公司資料 董事會 執行董事 李朝波先生（主席） 季加銘先生 葉天放先生（行政總裁） 非執行董事 張貴卿先生 獨立非執行董事 吳志豪先生 郭堅華 ...

中國城市基礎設施集團有限公司 China City Infrastructure Group Limited (於開曼群島註冊成立之有限公司) 股份代號：2349 : 2020年報 目錄 中國城市基礎設施集團有限公司 二零二零年年報 | --- | --- | |----------------------------|-------| | | | | 目錄 | | | 公司資料 | 2 | | 主席報告書 | 3 | | 管理層討論及分析 | 4 | | 董事及高級管理人員履歷詳情 | 12 | | 董事會報告書 | 15 | | 環境、社會及管治報告 | 24 | | 企業管治報告書 | 39 | | 獨立核數師報告 | 52 | | 綜合損益表 | 59 | | 綜合損益及其他全面收益表 | 60 | | 綜合財務狀況報表 | 61 | | 綜合權益變動表 | 63 | | 綜合現金流量報表 | 64 | | 綜合財務報表附註 | 66 | | 財務概要 | 155 | | 物業資料 | 156 | 1 公司資料 中國城市基礎設施集團有限公司 二零二零年年報 2 公司資料 | --- | --- | | ...

中國城市基礎設施集團有限公司 China City Infrastructure Group Limited (於開曼群島註冊成立之有限公司) 股份代號：2349 bro 2020中期報告 目錄 中國城市基礎設施集團有限公司 二零二零年中期報告 目錄 | --- | --- | |------------------------------|-------| | | | | 公司資料 | 2 | | 簡明綜合損益表 | 3 | | 簡明綜合損益及其他全面收益表 | 4 | | 簡明綜合財務狀況報表 | 5 | | 簡明綜合權益變動表 | 7 | | 簡明綜合現金流量報表 | 8 | | 簡明綜合財務報表附註 | 9 | | 管理層討論及分析 | 25 | | 權益披露 | 30 | | 企業管治 | 34 | | 其他資料 | 35 | 1 公司資料 中國城市基礎設施集團有限公司 二零二零年中期報告 | --- | --- | |--------------------------------------------------------|---------------------------------- ...

中國城市基礎設施集團有限公司 China City Infrastructure Group Limited (於開曼群島註冊成立之有限公司) 股份代號：2349 2019年報 目錄 中國城市基礎設施集團有限公司 二零一九年年報 目錄 | --- | --- | |----------------------------|-------| | | | | 公司資料 主席報告書 | 2 | | | 3 | | 管理層討論及分析 | 4 | | 董事及高級管理人員履歷詳情 | 13 | | 董事會報告書 | 16 | | 環境、社會及管治報告 | 25 | | 企業管治報告書 | 42 | | 獨立核數師報告 | 55 | | 綜合損益表 | 62 | | 綜合損益及其他全面收益表 | 63 | | 綜合財務狀況報表 | 64 | | 綜合權益變動表 | 66 | | 綜合現金流量報表 | 67 | | 綜合財務報表附註 | 69 | | 財務概要 | 165 | | 物業資料 | 166 | 1 公司資料 中國城市基礎設施集團有限公司 二零一九年年報 公司資料 | --- | --- | |---------- ...

（於開曼群島註冊成立之有限公司） 股份代號：2349 14 2019 中期報告 000 目錄 中國城市基礎設施集團有限公司 二零一九年中期報告 頁數 公司資料 2 簡明綜合損益表 3 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況報表 5 簡明綜合權益變動表 7 簡明綜合現金流量報表 8 簡明綜合財務報表附註 9 管理層討論及分析 27 權益披露 35 企業管治 40 其他資料 42 目錄 公司資料 中國城市基礎設施集團有限公司 二零一九年中期報告 公司資料 | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------- ...

中國城市基礎設施集團有限公司 China City Infrastructure Group Limited (於開曼群島註冊成立之有限公司) 股份代號：2349 == 2018 年報 中國城市基礎設施集團有限公司 二零一八年年報 | --- | --- | --- | |-------|-------|----------------------------| | | | | | | 目錄 | 公司資料 | | | | 公司概覽 | | | | 主席報告書 | | | | 管理層討論及分析 | | | | 董事及高級管理人員履歷詳情 | | | | 董事會報告書 | | | | 環境、社會及管治報告 | | | | 企業管治報告書 | | | | 獨立核數師報告 | | | | 綜合損益表 | | | | 綜合損益及其他全面收益表 | | | | 綜合財務狀況報表 | | | | 綜合權益變動表 | | | | 綜合現金流量報表 | | | | 綜合財務報表附註 | | | | 財務概要 | | | | 物業資料 | 2 3 4 5 14 17 26 39 52 61 62 63 65 67 69 173 ...