（以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 行业估值方面，建筑行业市盈率（TTM）平均值为10.22倍，行业中值1.53倍。淮北绿金股份市盈 率-28.6倍，行业排名第133位；其他浦江国际（02060.HK）为1.01倍、饮食天王(环球)（08619.HK）为 1.44倍、进升集团控股（01581.HK）为1.51倍、中国管业（00380.HK）为1.53倍、靛蓝星（08373.HK） 为1.58倍。 资料显示，淮北绿金产业投资股份有限公司(简称"绿金集团")是安徽省淮北市一家具备国资背景的建筑 材料供应商,绿金集团主要产品包括:子公司淮北通鸣矿业有限公司(简称"通鸣矿业")位于淮北市烈山区 高楼山矿区开采加工的骨料产品及子公司淮北连通市政工程有限公司(简称"连通市政")位于淮北市相山 区的生产制造混凝土产品。绿金集团主要将骨料产品及混凝土产品售予建筑公司、建筑材料公司及批发 商。根据行业专家灼识行业咨询有限公司的报告,按销量计,通鸣矿业是2021年淮北市及其周边城市(包括 宿州市及亳州市)市场的第三大建筑骨料生产商,所占市场份额约为12.9%;连通 ...

Financial Performance - The company recorded revenue of approximately RMB 236.17 million for the year ended December 31, 2024, a decrease of about 18.7% compared to RMB 290.62 million for the year ended December 31, 2023[5]. - The net loss attributable to equity shareholders for the year was approximately RMB 22.0 million, a decline of about 158.67% from a profit of RMB 37.5 million in the previous year[5]. - The company reported a pre-tax loss of RMB 30.38 million for the year, compared to a profit of RMB 67.99 million in the previous year, reflecting a change of 144.7%[10]. - The company reported a net loss of approximately RMB 33.87 million for the fiscal year 2024, a decline of about 158.5% from a net profit of RMB 57.9 million in 2023[18]. - The gross profit for the fiscal year 2024 was RMB 83.76 million, down RMB 40.55 million or 32.62% from RMB 124.31 million in 2023, with a gross margin of 35%[17]. - The average selling price of aggregate products decreased by 16.06% from RMB 55.4 per ton in 2023 to RMB 46.5 per ton in 2024[15]. - The sales revenue from ready-mixed concrete dropped by 69.27% from RMB 64.78 million in 2023 to RMB 19.91 million in 2024, due to a 64.71% decrease in sales volume[36]. - Other income for the year ended December 31, 2024, was approximately RMB 7.55 million, a decrease of about 58.13% compared to RMB 18.03 million in 2023, primarily due to a reduction in government subsidies and foreign exchange gains[43]. Production and Sales - The company sold approximately 4.63 million tons of aggregate products in 2024, an increase of about 18.85% from 3.90 million tons in 2023[5]. - The total production of aggregate products for the fiscal year 2024 was 4.63 million tons, an increase of approximately 18.85% from 3.90 million tons in 2023[14]. - The sales volume of ready-mixed concrete dropped by 64.71%, from 172.3 thousand cubic meters in 2023 to 60.8 thousand cubic meters in 2024[15]. - The company signed key customer agreements to sell at least 1.2 million tons of aggregate products within a year, indicating a strategic focus on expanding sales channels[24]. Assets and Liabilities - Total assets increased by 3.86% to RMB 2,475.04 million in 2024, compared to RMB 2,383.01 million in 2023[10]. - Total liabilities rose by 3.18% to RMB 1,771.25 million in 2024, compared to RMB 1,716.67 million in 2023[10]. - The company's total assets as of December 31, 2024, were RMB 2,475.04 million, an increase from RMB 2,383.01 million in 2023[11]. - The total liabilities as of December 31, 2024, were RMB 1,771.25 million, slightly up from RMB 1,716.67 million in 2023[11]. Future Plans and Strategies - The company plans to increase production capacity to achieve an annual output of 6 million tons of aggregate products in 2025[6]. - The company aims to explore new sales customers and potential acquisitions to expand its asset scale and increase revenue[7]. - The group plans to increase aggregate product output to 6 million tons in 2025, with a gradual increase in production capacity in subsequent years[71]. - The group intends to pursue acquisitions of potential entities aligned with its development strategy to expand asset scale and increase revenue starting in 2025[71]. Governance and Management - The company is focused on enhancing its governance structure with experienced board members and management team[88]. - The company aims to expand its market presence and improve operational efficiency through strategic appointments and oversight[88]. - The company is committed to maintaining high standards of corporate governance and compliance in its operations[88]. - The board of directors consists of a balanced mix of executive and independent non-executive directors, with at least three independent non-executive directors, fulfilling the requirement of more than one-third of the board[107]. - The company has established clear guidelines for the allocation of functions between the board and management, retaining decision-making authority on significant matters such as policies, strategies, and financial reporting[110]. Environmental and Social Responsibility - The company is committed to low-carbon development and sustainable practices, with a vision to control greenhouse gas emissions and resource consumption[177]. - The company's greenhouse gas emission intensity was 2,464.07 tons of CO2 equivalent per million tons of production, an increase of 14.87% compared to 2023[178]. - Water consumption intensity was 31,552.22 cubic meters per million tons of production, a decrease of 41.71% compared to 2023, due to improved water resource management[178]. - The company aims to reduce greenhouse gas emission intensity to 1,170 tons of CO2 equivalent per million tons of production by 2030[179]. - The company has established a governance framework for environmental, social, and governance (ESG) matters, with a dedicated committee to oversee its implementation[171]. Compliance and Risk Management - The company has established a comprehensive ethical and regulatory compliance system to mitigate risks related to internal fraud and commercial bribery[182]. - The company has implemented a risk management mechanism to ensure compliance with labor regulations, prohibiting forced labor and child labor[198]. - The board is responsible for overseeing the implementation and management of the risk management and internal control systems, which are reviewed annually[152]. - The company has a zero-tolerance policy towards corruption, including bribery and fraud, and has implemented regular anti-corruption training for employees[154]. Employee and Workplace Diversity - The company employed a total of 166 employees as of December 31, 2024, an increase of 15 from 2023 due to the launch of a new project[132]. - The gender ratio among employees was 92:8, with 152 male employees and 14 female employees, indicating a significant decline in female representation[132]. - The company is committed to fair hiring practices and does not discriminate based on gender, race, age, nationality, or ethnicity[132]. - The company has established a diversity policy for the board of directors, focusing on gender, age, professional experience, and tenure, with measurable targets to be reviewed at least annually[133].

Financial Performance - Revenue for the year was RMB 236.2 million, a decrease of 18.7% compared to RMB 290.6 million in 2023[5]. - The net loss attributable to equity shareholders was RMB 22.0 million, a decline of 158.7% from a profit of RMB 37.5 million in 2023[5]. - Gross profit margin decreased to 35%, down 8 percentage points from 43% in 2023[5]. - Basic loss per share was RMB 0.08, a decrease of RMB 0.22 from a basic earnings per share of RMB 0.14 in 2023[5]. - The adjusted EBITDA for the fiscal year 2024 was RMB 126,189,000, down from RMB 187,236,000 in 2023, indicating a decrease of about 32.6%[21][23]. - The company reported a pre-tax loss of RMB 30,384,000 for 2024, compared to a profit of RMB 67,988,000 in 2023, reflecting a significant downturn[23][30]. - The basic loss per share for 2024 was RMB 0.083, compared to earnings per share of RMB 0.144 in 2023, indicating a shift from profit to loss[30][31]. - The group's gross profit for 2024 was RMB 83.76 million, a decrease of RMB 40.55 million or 32.62% from RMB 124.31 million in 2023, with a gross margin of 35%, down 8 percentage points from 43% in 2023[58]. Assets and Liabilities - Total assets less current liabilities increased to RMB 2,108.4 million from RMB 1,210.9 million in 2023[8]. - Non-current liabilities rose significantly to RMB 1,404.6 million from RMB 544.6 million in 2023[8]. - Net current assets improved to RMB 217.2 million from a net current liability of RMB 772.1 million in 2023[7]. - Reported segment assets as of December 31, 2024, totaled RMB 2,351,455,000, slightly down from RMB 2,353,573,000 in 2023, reflecting a marginal decrease of 0.1%[21][23]. - The total reported segment liabilities decreased to RMB 1,746,131,000 in 2024 from RMB 1,791,417,000 in 2023, marking a reduction of approximately 2.5%[21][23]. - Shareholders' equity rose to RMB 703.8 million in 2024 from RMB 666.3 million in 2023, influenced by an injection of RMB 84 million from a subsidiary and a loss of RMB 34 million[61]. Revenue Breakdown - Revenue from aggregate products and others was RMB 215.5 million, slightly down from RMB 215.9 million in 2023[14]. - Revenue from concrete products decreased significantly to RMB 19.9 million from RMB 74.7 million in 2023[14]. - The company reported no single customer contributing over 10% of total revenue in the reporting year, compared to two customers in 2023[14]. - In 2024, the revenue from concrete agency services was RMB 0.71 million, as this service was only launched in 2024[58]. - The sales revenue from ready-mixed concrete dropped by 69.27% from RMB 64.78 million in 2023 to RMB 19.91 million in 2024, with a sales volume decline of 64.71%[57]. Costs and Expenses - Financial costs for 2024 were RMB 85,876,000, up from RMB 62,900,000 in 2023, representing an increase of approximately 36.5%[25][23]. - Employee costs decreased to RMB 23,488,000 in 2024 from RMB 24,514,000 in 2023, indicating a decline of about 4.2%[26][29]. - Administrative expenses decreased by 26.1% to RMB 22.6 million in 2024 from RMB 30.6 million in 2023, primarily due to reductions in personnel costs and third-party services[59]. - The cost of raw materials was RMB 21.6 million in 2024, down from RMB 57.5 million in 2023, accounting for 14% of total sales costs compared to 34.6% in 2023[64]. Market and Strategic Developments - The company has signed key customer agreements to sell at least 1.2 million tons of aggregate products within a year, indicating a strategic focus on increasing sales volume[44]. - The company’s second production line has commenced operations, enhancing its capacity to support infrastructure projects such as highways and high-speed railways[44]. - The construction market in Anhui is expected to focus on high-quality development, with an emphasis on green and prefabricated buildings, aligning with national strategies for urbanization and rural revitalization[45]. - The construction market in HuaiBei is expected to see stable growth due to infrastructure projects, which will stimulate demand for building materials, particularly in green and prefabricated construction[48]. - The group plans to increase aggregate product output to 6 million tons in 2025 and will focus on expanding its customer base to meet growing demand[68]. - The group intends to pursue acquisitions of potential entities that align with its development strategy to expand asset scale and improve revenue and profitability levels starting in 2025[68]. - The group aims to enhance overall management and operational efficiency in 2025 to ensure stable production levels of its main products[69]. Cash Flow and Financing - As of December 31, 2024, the group had cash and cash equivalents totaling RMB 320.3 million, an increase of RMB 246.6 million from RMB 73.7 million in 2023[62]. - The company completed a capital increase agreement on August 9, 2024, raising RMB 83,999,600, increasing registered capital from RMB 200 million to RMB 222,867,200[52]. - The company has utilized 100% of the net proceeds from its global offering, amounting to approximately HKD 78.6 million (equivalent to RMB 67.9 million)[53]. - Interest income increased to RMB 6,190,000 in 2024 from RMB 2,652,000 in 2023, showing a significant rise of about 133.5%[21][22][23]. - Interest payable to related parties decreased significantly, with no interest payable recorded in 2024 compared to RMB 1,306,000 in 2023[35]. Dividend and Shareholder Information - The company did not declare a final dividend for 2024, compared to a dividend of RMB 0.028 per share in 2023, which amounted to RMB 7,392,000[40]. - The board of directors has proposed not to declare a dividend for the fiscal year ending December 31, 2024[80]. - The annual general meeting is scheduled to be held on May 29, 2025[81]. - Share transfer registration will be suspended from April 29, 2025, to May 29, 2025, to determine shareholder voting rights[82].

Financial Performance - The group's revenue for the reporting period was RMB 110.8 million, a decrease of 26.9% compared to RMB 151.5 million in the same period of 2023 [9]. - Sales of aggregate products and others amounted to RMB 88.02 million, down 17.2% from RMB 106.34 million year-on-year, with sales volume decreasing by 4.8% [9]. - The revenue from ready-mixed concrete sales was RMB 22.38 million, a decline of 38.94% from RMB 36.65 million in the previous year, with sales volume dropping by 28.32% [10]. - The group's gross profit was RMB 40.4 million, down RMB 27.5 million from RMB 67.9 million in the same period last year, resulting in a gross margin of 36.5%, down 8.3 percentage points [12]. - Other income decreased by approximately 57.3% to RMB 4.7 million from RMB 11.0 million in the previous year, primarily due to a reduction in government subsidies and foreign exchange gains [13]. - The group recorded a net loss of approximately RMB 11.1 million, a decline of about 146.8% compared to a net profit of RMB 23.7 million in the same period of 2023 [18]. - The group's total revenue for the first half of 2024 was RMB 110,752,000, representing a decline of 27.0% from RMB 151,538,000 in the first half of 2023 [61]. - Gross profit for the same period was RMB 40,403,000, down 40.5% from RMB 67,912,000 year-on-year [50]. - The net loss attributable to equity shareholders for the period was RMB 7,678,000, compared to a profit of RMB 16,429,000 in the prior year [50]. - The company's total comprehensive loss for the period was RMB 11,147,000, reflecting a decline from the previous year's profit [53]. Market Dynamics and Future Outlook - The company reported a significant decline in the prices of aggregate and concrete products due to economic downturn, impacting overall performance [4]. - The company anticipates a potential recovery in the real estate market in 2024, supported by ongoing infrastructure projects and favorable government policies [5]. - The construction materials industry is expected to benefit from future growth in the real estate market in Huaibei and nearby cities [5]. - The company is closely monitoring market dynamics to adjust procurement plans in response to potential market fluctuations [5]. - The company aims to enhance product quality and expand sales channels to mitigate risks and challenges in the current economic environment [4]. - The group plans to increase production capacity to achieve an annual output of 6 million tons, with gradual increases planned for 2025, in response to anticipated demand from infrastructure projects in the Huai Bei area [33]. Financial Position and Assets - The group's cash and cash equivalents increased from RMB 73.7 million as of December 31, 2023, to RMB 566.7 million as of June 30, 2024, representing an increase of RMB 493.0 million, primarily due to net cash from operating activities of RMB 56.1 million and net cash from financing activities of RMB 437.9 million [20]. - Total equity decreased from RMB 666.3 million as of December 31, 2023, to RMB 647.8 million as of June 30, 2024, mainly due to losses incurred in 2024 [21]. - The group's total assets increased from RMB 2,383.0 million as of December 31, 2023, to RMB 2,576.9 million as of June 30, 2024, primarily due to increased borrowings [21]. - The group's debt-to-asset ratio increased to 74.9% as of June 30, 2024, from 72.0% as of December 31, 2023, an increase of 2.9 percentage points, primarily due to increased borrowings and operating losses [25]. - The company's net assets decreased to RMB 647,808 thousand from RMB 666,347 thousand year-on-year [52]. - Current assets increased to RMB 621,811 thousand from RMB 400,005 thousand at the end of 2023, primarily due to an increase in cash and bank deposits [51]. - Total liabilities decreased significantly from RMB 1,172,094 thousand to RMB 467,126 thousand, indicating improved financial stability [52]. Operational Highlights - The second production line of Tongming Mining has been put into operation, producing three types of fine aggregates and four types of common aggregates for infrastructure projects [4]. - The company remains a major producer of construction aggregates in Huaibei and surrounding cities, maintaining a stable market share despite challenges [3]. - The company has signed key sales agreements for aggregate products, committing to sell at least 1.2 million tons within a year [4]. - The company is committed to improving its risk management capabilities to navigate the current economic challenges [4]. Shareholder and Corporate Governance - The company announced a capital increase of RMB 83,999,600 for Tongming Mining, resulting in ownership stakes of 60.1255%, 29.6141%, and 10.2604% for the company, Leiming Blasting, and Leiming Chemical respectively [38]. - The company maintained sufficient public float as per the main board listing rules throughout the reporting period [44]. - There were no share buyback programs or stock option plans in place during the reporting period [36][37]. - As of June 30, 2024, major shareholder Huai Bei City Construction Investment Group held 99% of the domestic shares, equating to 196,020,000 shares [41]. - The company did not hold any treasury shares as of June 30, 2024 [36]. - The company has adopted corporate governance codes and has complied with relevant regulations during the reporting period [49]. Capital Expenditure and Investments - The group's capital expenditure during the reporting period was approximately RMB 0.9 million, a decrease of about 98.1% compared to RMB 48.5 million in the same period of 2023, as the second phase of construction was nearly completed [23]. - The company utilized approximately 90% of the net proceeds from the global offering for the purchase of mining rights in the Gao Lou Shan mining area, amounting to HKD 70.7 million [35]. - The remaining 10% of the net proceeds, totaling HKD 7.9 million, was allocated for working capital and general corporate purposes [35]. - The company issued shares through an initial public offering, raising RMB 67,926,000 during the reporting period [53]. Employee and Operational Costs - The total employee cost was approximately RMB 11.9 million, a decrease of about 20.0% compared to RMB 14.9 million in the same period of 2023 [32]. - The group's administrative expenses were RMB 15.6 million, remaining relatively stable compared to the previous year [14]. - The company incurred a total of RMB 7,392,000 in dividends during the reporting period [53]. Related Party Transactions - Sales to the ultimate holding company and its affiliates decreased to RMB 31,065,000 in the six months ended June 30, 2024, down 39.6% from RMB 51,613,000 in the same period of 2023 [88]. - Services received from non-controlling interests of subsidiaries amounted to RMB 7,093,000, a decrease of 62.7% compared to RMB 18,963,000 in the prior year [88]. - The company provided guarantees for borrowings totaling RMB 210,000,000, which are set to expire in November 2023 [89].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 110.8 million, a decrease of 26.9% compared to RMB 151.5 million in the same period last year[1]. - Loss attributable to equity shareholders was RMB 7.7 million, a decline of 146.9% from a profit of RMB 16.4 million in the previous year[1]. - Gross margin decreased to 36.5%, down 8.3 percentage points from 44.8% in the same period last year[1]. - Basic loss per share was RMB 0.03, compared to basic earnings of RMB 0.06 per share in the same period last year, a decrease of RMB 0.09[1]. - Total revenue for the six months ended June 30, 2024, was RMB 110,752,000, a decrease of 27% from RMB 151,538,000 for the same period in 2023[4]. - Revenue from aggregate products and others was RMB 88,021,000, down 17% from RMB 106,340,000 year-over-year[4]. - Revenue from concrete products was RMB 22,731,000, a decline of 50% compared to RMB 45,198,000 in the previous year[4]. - Basic loss per share for the six months ended June 30, 2024, was RMB 0.029, compared to earnings of RMB 0.064 per share in 2023[4]. - The company reported a pre-tax loss of RMB 9,738,000 for the six months ended June 30, 2024, compared to a profit of RMB 30,912,000 in the same period of 2023[4]. Assets and Liabilities - Total assets less current liabilities amounted to RMB 2,109.8 million as of June 30, 2024, compared to RMB 1,210.9 million as of December 31, 2023[3]. - Non-current assets were RMB 1,955.1 million, slightly down from RMB 1,983.0 million at the end of 2023[3]. - Current liabilities increased to RMB 621.8 million from RMB 400.0 million at the end of 2023[3]. - Cash and cash equivalents increased significantly to RMB 566.7 million from RMB 340.7 million at the end of 2023[3]. - Total equity attributable to equity shareholders decreased to RMB 461.9 million from RMB 476.9 million at the end of 2023[4]. - Reportable segment assets as of June 30, 2024, totaled RMB 2,551,734,000, compared to RMB 2,137,178,000 as of June 30, 2023[4]. - Reportable segment liabilities were RMB 1,921,354,000 as of June 30, 2024, up from RMB 1,612,264,000 in the same period last year[4]. - Total trade and other payables as of June 30, 2024, were RMB 398,039,000, a slight decrease of 3.4% from RMB 414,168,000 as of December 31, 2023[23]. Dividends and Shareholder Returns - The board of directors does not recommend the payment of an interim dividend[1]. - The company has confirmed a dividend of RMB 0.028 per share for the year ended December 31, 2023, totaling RMB 7,392,000, compared to no dividend in 2022[26]. - The board has recommended not to declare an interim dividend for the six months ending June 30, 2024[54]. Market and Operational Insights - The company has no significant assets or operations outside of China, indicating a focused domestic market strategy[4]. - The company signed key agreements in June 2024 to sell at least 1.2 million tons of aggregate products within a year, supporting infrastructure projects[29]. - The second production line of Tongming Mining has commenced operations, producing three types of fine aggregates and four types of coarse aggregates for highway and high-speed rail construction[29]. - The construction market in Huai Bei is expected to benefit from government initiatives, including the renovation of 63 old communities covering approximately 2.45 million square meters in 2024[30]. - The company is closely monitoring market demand for construction aggregates in Huai Bei and surrounding cities, anticipating strong demand due to upcoming infrastructure projects[48]. Financial Management and Costs - Depreciation and amortization expenses for the six months ended June 30, 2024, were RMB 27,913,000, slightly down from RMB 28,395,000 in the previous year[4]. - The financial costs increased to RMB 35.2 million from RMB 33.1 million in the previous year due to an increase in interest-bearing borrowings[42]. - The company’s cash received from related parties decreased to RMB 190,100,000 from RMB 212,100,000, indicating a decline of 10.4%[23]. - The company’s financial liabilities measured at amortized cost increased to RMB 207,939,000 from RMB 202,068,000, reflecting a rise of 3.9%[23]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules, with no known violations during the reporting period[51]. - The audit committee has reviewed the interim report and confirmed compliance with applicable accounting standards and regulations[53]. Future Plans and Investments - The company plans to invest RMB 83,999,600 in Tongming Mining, which will dilute its ownership from 67% to 60.1255%[27]. - The group aims to achieve an annual production capacity of 6 million tons by the end of the year, with plans to gradually increase output by 2025[48]. - The company has entered into a capital increase agreement for Tongming Mining, with an investment of RMB 83,999,600, resulting in ownership stakes of 60.1255%, 29.6141%, and 10.2604% respectively[50]. Market Risks - The group faces various market risks, including raw material price fluctuations, interest rate changes, and industry policy changes[45][46][47]. - The company has not utilized any interest rate swaps to hedge against interest rate risks during the reporting period[46]. - The average selling price of aggregate products decreased by 13.2% from RMB 58.5 per ton to RMB 50.8 per ton[36]. - The average selling price of ready-mixed concrete fell by 14.81% from RMB 402.4 per cubic meter to RMB 342.8 per cubic meter[37].

Financial Performance - The company recorded revenue of approximately RMB 290.62 million for the year ended December 31, 2023, a decrease of about 28.72% compared to RMB 407.71 million for the year ended December 31, 2022[7]. - Profit attributable to equity shareholders for the year was approximately RMB 37.49 million, down 44.39% from RMB 67.41 million in the previous year[7]. - The company’s basic earnings per share decreased by 58.82% to RMB 0.14 in 2023 from RMB 0.34 in 2022[12]. - The pre-tax profit for 2023 was RMB 67.99 million, down 51.5% from RMB 140.06 million in 2022[14]. - The total production of aggregate products for 2023 was 3.9 million tons, a decrease of approximately 7.1% from 4.2 million tons in 2022[17]. - The sales revenue from aggregate products and others was RMB 215.92 million, down 23.95% from RMB 283.93 million in 2022, primarily due to a decrease in sales volume and price[18]. - The sales revenue from ready-mixed concrete was RMB 64.78 million, a decrease of 38.4% from RMB 105.2 million in 2022[20]. - The average selling price of ready-mixed concrete decreased by 16.8% from RMB 451.9 per cubic meter in 2022 to RMB 375.9 in 2023[20]. - The gross profit for 2023 was RMB 124.3 million, a decrease of 36.2% from RMB 194.8 million in 2022, with a gross margin of 43%, down 5 percentage points from 48% in 2022[50]. Assets and Liabilities - The company’s total assets increased by 3.94% to RMB 2,383.01 million as of December 31, 2023, compared to RMB 2,292.65 million in 2022[12]. - Total liabilities decreased by 1.90% to RMB 1,716.67 million in 2023 from RMB 1,749.91 million in 2022[12]. - The total assets as of December 31, 2023, were RMB 2,383.01 million, an increase from RMB 2,292.65 million in 2022[14]. - The total liabilities as of December 31, 2023, were RMB 1,716.67 million, a slight decrease from RMB 1,749.91 million in 2022[14]. - Total equity increased from RMB 542.7 million in 2022 to RMB 666.3 million in 2023, driven by profit and total comprehensive income of RMB 57.9 million and an increase in share capital of RMB 67.93 million from the IPO[59]. Production Capacity and Expansion Plans - The company plans to increase annual production capacity from 3.5 million tons to 4.5 million tons in 2024, with a long-term goal of reaching 8 million tons by 2031[8]. - The company has obtained a mining license for the second phase of the Gaolushan project, increasing the mining area to 0.8777 square kilometers and the maximum annual production capacity to 8 million tons[7]. - The company is focusing on the completion and commissioning of the Gaolushan Phase II project, with production trials expected to begin in early 2024[7]. - The company has completed the installation of equipment for the Gaolushan Phase II project, which is expected to enhance production capacity[43]. - The Gaolushan Phase II mining area has a controlled mineral resource of 174.189 million tons, with an estimated mining life of 17 years[37]. Market and Sales Strategy - The company signed a sales agreement in April 2023 to supply 1 million tons of aggregate products annually to a customer[30]. - The company expanded its aggregate product business to Bengbu City, Anhui Province, in May 2023, and won a public tender for 2 million tons of aggregate procurement for 2023-2024 in August 2023[30]. - The company expects an additional supply of 150,000 tons of ready-mixed concrete, cement-stabilized, and asphalt products in 2024[30]. - The group anticipates an increase in construction aggregate sales due to infrastructure projects in HuaiBei and surrounding areas in 2024[80]. Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange Listing Rules, ensuring compliance throughout the fiscal year ending December 31, 2023[118]. - The board is committed to maintaining a high level of corporate governance to protect shareholder interests and enhance shareholder value[118]. - The company has established clear guidelines for the allocation of responsibilities between the board and management, ensuring effective governance[128]. - The board is responsible for major decisions, including policy approvals, overall strategy, budget, and risk management[128]. - The company has implemented a directors' and officers' liability insurance policy to protect against legal claims[124]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and aims to control resource consumption and emissions as part of its low-carbon development vision[196]. - The company’s greenhouse gas emission intensity was 2,145.16 tons of CO2 equivalent per million tons of production, a decrease of 9.66% compared to 2022, primarily due to a 23.01% reduction in electricity consumption[198]. - The company aims to reduce greenhouse gas emission intensity to 1,170 tons of CO2 equivalent per million tons of production by 2030[199]. - The company has established an ESG committee under the board to guide and oversee the development and implementation of ESG initiatives[191]. - A total of 17 material ESG issues were identified and included in the company's annual ESG report, reflecting significant economic, environmental, and social impacts[194]. Employee and Workplace Policies - As of December 31, 2023, the group had 151 employees, with total employee costs amounting to RMB 25 million, down from RMB 27 million in 2022[73]. - The company emphasizes fair employment practices, providing equal opportunities regardless of gender, race, age, nationality, or ethnicity[151]. - The company has implemented a board diversity policy to ensure a balanced mix of skills, experience, and perspectives among board members[199]. - The company has a formal service agreement with each director, with a term of three years, allowing for re-election[130]. - The company emphasizes a diverse and inclusive workplace, promoting gender diversity in senior recruitment and providing various career development opportunities[119].

Shareholder Eligibility - The company will suspend the transfer of shares from April 29, 2024, to May 29, 2024, to determine shareholder eligibility for the annual general meeting [2]. - Shareholders must submit transfer documents by April 26, 2024, at 4:30 PM to be eligible to attend the annual general meeting [2]. - The announcement clarifies the deadline for shareholders to ensure their voting rights at the upcoming meeting [2].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 290.6 million, a decrease of 28.7% compared to RMB 407.7 million in 2022[5] - Profit attributable to equity shareholders for the year was RMB 37.5 million, down 44.4% from RMB 67.4 million in 2022[5] - Gross profit margin decreased to 43% from 48% in 2022, a decline of 5 percentage points[5] - Basic earnings per share for the year was RMB 0.14, down RMB 0.20 from RMB 0.34 in 2022[5] - Adjusted EBITDA for the reported segments was RMB 187,236,000 for 2023, down from RMB 267,927,000 in 2022, indicating a decrease of about 30%[24][27] - The company reported a pre-tax profit of RMB 67,988,000 for 2023, down from RMB 140,057,000 in 2022, representing a decline of approximately 51%[24][32] - The gross profit for 2023 was RMB 124.3 million, down 36.2% from RMB 194.8 million in 2022, with a gross margin of 43%, a decrease of 5 percentage points from 48% in 2022[65] Assets and Liabilities - Total assets less current liabilities as of December 31, 2023, were RMB 1,210.9 million, compared to RMB 1,807.3 million in 2022[10] - Non-current assets increased to RMB 1,983.0 million in 2023 from RMB 1,959.7 million in 2022[8] - Current liabilities rose significantly to RMB 1,172.1 million in 2023 from RMB 485.3 million in 2022, indicating increased financial obligations[8] - Reported segment assets increased to RMB 2,353,573,000 in 2023 from RMB 2,262,910,000 in 2022, reflecting a growth of approximately 4%[25] - Reported segment liabilities rose to RMB 1,791,417,000 in 2023 compared to RMB 1,768,180,000 in 2022, marking an increase of about 1.3%[25] - Shareholders' equity rose to RMB 666.3 million in 2023 from RMB 542.7 million in 2022, driven by a profit of RMB 57.9 million and an increase in share capital[68] - Total assets increased to RMB 2,383.0 million in 2023 from RMB 2,292.7 million in 2022, indicating steady growth[68] Revenue Breakdown - Revenue from the sale of aggregate products and others was RMB 215.9 million, down from RMB 283.9 million in 2022[16] - Revenue from the sale of concrete products was RMB 74.7 million, a decrease from RMB 123.8 million in 2022[16] - Total reported segment revenue for the year ended December 31, 2023, was RMB 290,622,000, a decrease from RMB 407,792,000 in 2022, representing a decline of approximately 29%[23][24] - Sales of aggregate products and others amounted to RMB 215.9 million in 2023, down 24.0% from RMB 283.9 million in 2022, due to a 17.9% decrease in average selling price and a 7.2% decrease in sales volume[63] - The sales revenue of ready-mixed concrete was RMB 64.8 million in 2023, a decline of 38.4% from RMB 105.2 million in 2022, attributed to a 16.8% drop in average selling price and a 26.0% decrease in sales volume[63] Expenses - Interest expenses for the year 2023 totaled RMB 62,900,000, down from RMB 71,007,000 in 2022, reflecting a reduction of approximately 11%[27] - Employee costs decreased to RMB 24,514,000 in 2023 from RMB 26,644,000 in 2022, a decline of about 8%[28] - Depreciation and amortization expenses for 2023 were RMB 60,619,000, slightly down from RMB 61,376,000 in 2022, indicating a decrease of about 1.2%[24][29] - Administrative expenses increased by 57.9% to RMB 30.6 million in 2023, primarily due to higher third-party service fees[66] - Financial costs decreased to RMB 62.9 million in 2023 from RMB 71.0 million in 2022, mainly due to reduced interest expenses related to the high-rise mountain project[67] Cash Flow and Capital Management - The company had cash and cash equivalents totaling RMB 73.7 million as of December 31, 2023, an increase of RMB 33.0 million from RMB 40.7 million in 2022, mainly due to the recovery of accounts receivable[69] - The company did not engage in any significant asset acquisitions, sales, mergers, or equity investments during the reporting year[58] - The company’s raw material costs for the year ended December 31, 2023, were RMB 57.5 million, a decrease from RMB 87.2 million in 2022, representing 34.6% of total sales costs compared to 41.0% in 2022[71] Future Plans and Market Outlook - The company plans to pay a final dividend of RMB 0.028 per share for 2023, compared to no dividend in 2022, amounting to a total of RMB 7,392,000[41] - The company plans to increase its annual production capacity from 3.5 million tons to 4.5 million tons in 2024, with a long-term goal of reaching 8 million tons by 2031[76] - The company anticipates strong demand for construction aggregates in Huai Bei and surrounding cities due to upcoming infrastructure projects in 2024[75] - The company will conduct acquisitions in 2024 to expand its asset base and improve revenue and profitability[76] Corporate Governance and Management - The company has adopted corporate governance practices in line with the Hong Kong Stock Exchange's requirements[80] - The board of directors includes Chairman Liu Yong and three executive directors: Qin Jiapeng, Zhao Song, and Lu Junzhe[90] - The company is based in Huai Bei City, Anhui Province, China[90]

Company Listing and Capital Raising - The company successfully listed its H-shares on the Hong Kong Stock Exchange on January 20, 2023[7]. - The company issued 66,000,000 H-shares at a price of HKD 1.91 per share, raising a total of HKD 126,060,000 during the IPO on January 20, 2023[131]. - The net proceeds from the global offering were approximately HKD 78.6 million (equivalent to about RMB 67.9 million), with RMB 70.9 million utilized as of June 30, 2023[51]. Financial Performance - The company's revenue for the reporting period was RMB 151.5 million, a decrease of 26.0% compared to RMB 204.8 million in the same period of 2022[16]. - Sales of aggregate products and others amounted to RMB 106.3 million, down 28.1% year-on-year, with sales volume decreasing by 12.9% from 2,088.9 thousand tons to 1,818.8 thousand tons[18]. - The revenue from ready-mixed concrete sales was RMB 36.6 million, a decline of 25.0%, with sales volume dropping by 12.4% from 104.0 thousand cubic meters to 91.1 thousand cubic meters[19]. - The sales revenue of cement-stabilized crushed stone increased by 43.3% to RMB 2.9 million, driven by a sales volume increase of 54.9% from 17.3 thousand tons to 26.8 thousand tons[21]. - Gross profit decreased by 31.0% to RMB 67.9 million, with a gross margin of 44.8%, down 3.3 percentage points from 48.1% in the same period last year[23]. - Net profit for the reporting period was approximately RMB 23.7 million, a decline of about 46.8% compared to RMB 44.5 million in the same period of 2022[29]. - Operating profit decreased to RMB 64.04 million, compared to RMB 96.02 million in the previous year, reflecting a decline of 33%[73]. - Profit before tax was RMB 30.91 million, down 48% from RMB 58.99 million in the prior year[73]. - Net profit attributable to equity shareholders was RMB 16.43 million, a decrease of 44% from RMB 29.41 million in the same period last year[73]. - Basic and diluted earnings per share were RMB 0.06, down from RMB 0.15 in the previous year[73]. Cash Flow and Liquidity - The company's cash and cash equivalents increased from RMB 40.7 million on December 31, 2022, to RMB 167.7 million on June 30, 2023, mainly due to the maturity of pledged deposits[30]. - Operating cash flow for the six months ended June 30, 2023, was RMB 136,604,000, a significant increase of 85% compared to RMB 73,754,000 in the same period of 2022[84]. - Net cash generated from operating activities reached RMB 125,297,000, up from RMB 51,041,000 in the previous year, reflecting a growth of 145%[84]. - Total cash and cash equivalents increased to RMB 167,683,000 as of June 30, 2023, compared to RMB 534,771,000 at the beginning of the year, indicating a net increase of RMB 123,247,000[84]. Investment and Capital Expenditures - The total investment in the Gaoloushan Phase II project reached RMB 1,175.22 million, with approximately 70% of the project completed as of the report date[13]. - Capital expenditures during the reporting period amounted to approximately RMB 48.5 million, representing an increase of about 14.1% compared to RMB 42.5 million in the same period last year[35]. - Capital expenditures for property, plant, and equipment amounted to RMB 73,488,000 for the six months ended June 30, 2023, significantly higher than RMB 7,173,000 in the same period of 2022[115]. Market Conditions and Business Outlook - Aggregate product prices and concrete product prices significantly decreased due to economic downturn, leading to a decline in performance[7]. - The company believes that demand for aggregate products will continue in the long term due to favorable government policies[12]. - Local government policies have been implemented to stabilize the real estate market, which may positively impact the construction materials industry[10]. - The group plans to increase the production capacity of aggregate products to 8.0 million tons annually starting in the second half of 2023, with a long-term goal of reaching 8.0 million tons by 2031[50]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[76]. - The company is exploring potential mergers and acquisitions to enhance its market presence and operational capabilities[76]. Debt and Liabilities - As of June 30, 2023, the group had outstanding bank loans of approximately RMB 835.4 million, a decrease from RMB 900.4 million as of December 31, 2022[34]. - The debt-to-asset ratio as of June 30, 2023, was 71.0%, down from 76.3% as of December 31, 2022, primarily due to an increase in equity and repayment of part of the loans[37]. - Total liabilities decreased significantly from RMB 1,264,596 thousand in 2022 to RMB 578,505 thousand in 2023, a reduction of approximately 54.30%[76]. - The company's interest-bearing borrowings decreased to RMB 835,369,000 as of June 30, 2023, from RMB 900,369,000 as of December 31, 2022, a reduction of approximately 7.2%[128]. Employee and Administrative Costs - The total employee cost as of June 30, 2023, was approximately RMB 14.9 million, an increase of about 3.5% from RMB 14.4 million in the same period last year[46]. - Administrative expenses rose to RMB 15.99 million, compared to RMB 13.94 million in the previous year, an increase of 15%[73]. Risks and Contingencies - The group faced various market risks, including raw material price fluctuations and interest rate changes, which could impact competitiveness and profitability[38]. - As of June 30, 2023, the group had no significant contingent liabilities[49]. - The company has no significant post-reporting period events to disclose[138].

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，並明確表示概不會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。 淮北綠金產業投資股份有限公司 （Huaibei GreenGold Industry Investment Co., Ltd.*） （於中華人民共和國註冊成立的股份有限公司） （股份代號：2450） 截至2023年6月30日止6個月中期業績公告 財務概要 • 營業收入為人民幣151.5百萬元，比去年同期的人民幣204.8百萬元下降 26.0%。 • 歸屬於本公司股東的綜合利潤為人民幣16.4百萬元，比去年同期的人民幣 29.4百萬元下降44.1%。 • 毛利率為44.8%，比去年同期48.1%下降3.3個百分點。 • 每股基本盈利為人民幣0.06元，比去年同期人民幣0.15元下降人民幣0.09 元。 • 董事會不建議派發中期股息。 ...